Credit One Financial Inc. (fka COFI)

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On October 5, 2007, the Company entered into a second project agreement with Tin Loon under the same terms and conditions, except that the amount of the advance was $500,000, and the payments from Tin Loon to the Company is 60%, or $15,000, whichever is larger, on quarterly basis, of the net profits from Tin Loon's business activities financed by the Advance. In the event there is an operating loss, or the Net Profits is less than $15,000 for a quarter, Tin Loon will pay the Company the minimum payment of $15,000 for that quarter.