Asia Properties, Inc.


USA:     114  W.  Magnolia  St,  Suite  400-115,  Bellingham,  WA  98225
          Telephone:  (360)  392-2841  Fax:  (604)  535-8456

Homepage:     www.asiaprop.com
              ----------------

Symbol:     ASPZ

          AGREEMENT  BETWEEN  KCSA  WORLDWIDE  AND  ASIA  PROPERTIES,  INC.


It  is  noted  that  Asia Properties, Inc. has had an outstanding bill with KCSA
since  late  1999  for  $25,  659 that has gone unpaid.  KCSA has agreed to take
58,000 shares of restricted stock in Asia Properties, Inc. in settlement of this
bill.

The  two  firms  further  agree  as  follows:

1.     That  Asia Properties, Inc. may redeem the 58,000 shares within 12 months
of  this  date  by  paying  in  cash  $25,  659  to  KCSA.
2.     That if the shares have not been redeemed by Asia Properties, Inc. within
12  months,  that  the  company  will  register  the  58,000 shares in it's next
registration  statement  and  cause  them  to  become  free  trading.



For and on the behalf of Asia Properties, Inc.     For and on the behalf of KCSA


Daniel  S.  Mckinney                         Dan  Stepanek
President                                    Managing  Director