Kin-Fo, a well to do Chinese man living in Shang-Hai, is accused by his good friend Wang of not having had any discomforts in his life that would make him appreciate true happiness. When Kin-Fo, receives news that his fortune is lost, he arranges for an insurance policy to be taken out on his life that would cover his death, even by suicide; which he is planning on committing. When Kin-Fo can't bring himself to end his own life, he contracts Wang to do it, by even giving him a letter that will exonerate him of the deed. Then Wang disappears and then Kin-Fo feels much discomfort, especially when he is informed that his fortunes are not lost. He travels around China, hoping to avoid being murdered before the contract expires. His discomfort increases when a note from Wang arrives saying that he regrets not being able to fulfill the contract, so he has turned it over to his old friend Lao-Shen, a notorious character.