Item 1.01 Entry into a Material Definitive Agreement.

Pay Sourcing Agreement

On September 22, 2009, the Registrant signed a pay sourcing agreement with PAY.ON Asia, Ltd., a Hong Kong Company ("PAY.ON") whereby PAY.ON and the Registrant have agreed that Registrant shall have the right to use and incorporate PAY.ON technologies relating to the handling of services related to payment and fraud control in the operation of Registrants business. Such technologies shall be provided to the Registrant at a minimum monthly price of EUR 1,500 and a maximum monthly price of EUR 1,800. The agreement is for a term of 12 months. The pay sourcing agreement is attached to this Current Report as Exhibit 10.01.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

On September 22, 2009, Sino Payments, Inc. announced that it had entered into the pay sourcing agreement.

A copy of the release is attached as Exhibit 99.1. This information shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act 1934, as amended, and is not incorporated by reference into any filing of the company, whether made before or after the date of this report, regardless of any general incorporation language in the filing.

Item 9.01 Financial Statements and Exhibits

Exhibit # Description 10.01 Pay Sourcing Agreement between Sino Payments, Inc. and PAY.ON Asia, Ltd., dated September 22, 2009 (without exhibits) 99.1 A copy of the Press Release dated September 22, 2009.