ASSIGNMENT AGREEMENT

 ASSIGNMENT AGREEMENT

     This ASSIGNMENT  AGREEMENT between Mr. Fai H. Chan and SAR Trading Limited,
is made and entered into this 18th day of June, 1999 by and between:

         FAI H. CHAN
         President, SAR TRADING LIMITED
         Tropic Isle Building
         P.O. Box 438
         Road Town, Tortola
         British Virgin Islands

         (hereinafter "Assignor")

         AND

         SAR TRADING LIMITED
         Tropic Isle Building
         P.O. Box 438
         Road Town, Tortola
         British Virgin Islands

         (hereinafter "Assignee")

         AND

         POWERSOFT TECHNOLOGIES, INC.
         1088-650 West Georgia Street
         PO Box 11586
         Vancouver, B.C.
         Canada  V6B 4N8

         (hereinafter "Creditor")

THE PARTIES HERETO AGREE AS FOLLOWS:

1.   The  Assignor  has  heretofore  owed a debt of  $1,365,278.00  to Powersoft
     Technologies,  Inc.,  (hereinafter  "Creditor"),  whose address is 1088-650
     West Georgia Street, Vancouver, British Columbia V6B 4N8.

2.   Assignor hereby assigns the $1,365,278.00 liability to Assignee.

3.   Assignee accepts said  assignment,  including all the terms of the original
     contract  between  Creditor and Assignor,  which  contract is  incorporated
     herein by reference.

4.   Creditor agrees to said assignment.

IN WITNESS WHEREOF the Parties hereto execute this assignment agreement, which
shall be effective as of the 18th day of June, 1999.

         /s/ Fai H. Chan
         -------------------------------------
         Fai H. Chan, President
         SAR TRADING LIMITED

         /s/ Fai H. Chan
         -------------------------------------
         Fai H. Chan, Director
         SAR TRADING LIMITED

         /s/ Robert H. Trapp
         -------------------------------------
         Robert H. Trapp, Director
         POWERSOFT TECHNOLOGIES, INC.

 

Basic Info X:

Name: ASSIGNMENT AGREEMENT
Type: Assignment Agreement
Date: Aug. 3, 1999
Company: ASIA SUPERNET CORP
State: Colorado

Other info:

Date:

  • 18th day of June , 1999

Organization:

  • Powersoft Technologies , Inc.
  • British Columbia V6B 4N8

Location:

  • Road Town
  • Tortola British Virgin Islands
  • Canada
  • West Georgia
  • Vancouver

Money:

  • $ 1,365,278.00

Person:

  • Fai H. Chan
  • Robert H. Trapp