Exhibit 10.10


Certain portions of this Exhibit have been omitted pursuant to a request for
"Confidential Treatment" under Rule 24b-2 of the Securities and Exchange
Commission. Such portions have been redacted and bracketed in the request and
appear as [ ] in the text of this Exhibit. The omitted confidential information
has been filed with the Securities and Exchange Commission.


                    AGREEMENT FOR EXTENDING THE DEADLINE OF
                        FOREIGN INVESTMENT CONTRIBUTION

The China Card IC (Shanghai) Company Limited, represented by the Shandong Huang
Tai Industrial Group (hereinafter as Party A), has registered to establish a
joint venture with the American Pacific Aviation Technology Company Limited
(hereinafter as Party B) on March 21, 2000. The total investment of the joint
venture is RMB$[       ], with a registered capital of RMB$[       ]. Party A
shall contribute RMB$[       ] in cash and Party B shall contribute in foreign
exchange RMB$[       ] (Party B shall make the contribution in US currency
which shall be converted to RMB based on the same date foreign exchange rate
announced by the People's Republic of China Foreign Exchange Administration).
Both parties shall contribute 50% of the total investment. The registered
capital of the joint venture shall be paid by installment by both parties
according to the ratio of contribution. Of which, Party A shall pay 50% of said
capital in the amount of RMB$[       ] by April 15, and another 50% in the
amount of RMB$[       ] by July 31; and Party B shall pay RMB$[       ] by
August 10 (Party B shall make the contribution in US currency which shall be
converted to RMB based on the same date foreign exchange rate announced by the
People's Republic of China Foreign Exchange Administration). As of to date,
contribution by the Chinese partner has been received. Contribution by the
foreign partner is yet to be received due to the fact that the company is in the
process of going public. After discussion, the Board of Directors has agreed to
extend the deadline of the investment contribution. The following agreement is
therefore made between Party A and Party B to extend the deadline of investment
contribution:

I.    Extend the deadline of foreign investment contribution:
II.   The new deadline of contribution is now set for late October, 2000: and
III.  By said time the foreign partner shall make a contribution of
      RMB$[       ] (Party B shall make the contribution in US currency which
      shall be converted to RMB based on the same date foreign exchange rate
      announced by the People's Republic of China Foreign Exchange
      Administration).

This resolution shall become effective upon the date the Board of Directors
approves. It shall also be submitted for approval by the appropriate
governmental department.

Party A: The Shandong Huang Tai Industrial Group
Legal Representative

Party B: American Pacific Aviation Technology Company Limited
Legal Representative
August 12, 2000