EXHIBIT 10.3 LETTER OF AGREEMENT BETWEEN T2CN HOLDING LIMITED AND THE CALNEVA FINANCIAL GROUP, LTD. (the "Agreement") This agreement made as of the 15th day of July, 2004. BETWEEN: T2CN HOLDING LIMITED C/O S-HR&M FINANCIAL SERVICES LIMITED KINGSTON...

                                  EXHIBIT 10.3










                LETTER OF AGREEMENT BETWEEN T2CN HOLDING LIMITED
                      AND THE CALNEVA FINANCIAL GROUP, LTD.
                                (the "Agreement")


This agreement made as of the 15th day of July, 2004.

BETWEEN:
      T2CN HOLDING LIMITED
      C/O S-HR&M FINANCIAL SERVICES LIMITED
      KINGSTON XXXXXXXX, P.O. BOX 173
      ROAD TOWN, TORTOLA
      BRITISH VIRGIN ISLANDS
      (Hereafter referred to as "T2CN")

AND:
      THE CALNEVA FINANCIAL GROUP, LTD.
      0000 XXXXX XXXXXX
      XXXXXXXXX, XXXXXXX XXXXXXXX
      XXXXXX, X0X 0X0
      (Hereafter referred to as "CALNEVA")

WHEREAS:
A. T2CN HOLDING LIMITED ("T2CN") is a private company limited by shares
organized and existing under the laws of the British Virgin Islands. As a result
of PRC legal considerations, T2CN operates an online game business in China
through SHANGHAI T2 ENTERTAINMENT CO., LTD.
EI(0)(pound)IiOIEi1/4(254)O-DI(222)(1)<