EXHIBIT 10.18

ASSIGNMENT AND ASSUMPTION AGREEMENT

This ASSIGNMENT AND ASSUMPTION AGREEMENT (the “Agreement”) is made as of August
16, 2006 (the “Effective Date”), by and among Infosmart Group Limited, a company
incorporated in the British Virgin Islands (“Infosmart”), Cyber Merchants
Exchange, Inc., a California corporation (“Cyber”), Keating Securities, LLC, a
Delaware limited liability company (“Keating”), and Axiom Capital Management,
Inc., a Delaware corporation (“Axiom”)
 
WHEREAS, Infosmart, Keating and Axiom have entered into that certain Placement
Agreement, dated as of July 7, 2006 (the “Placement Agreement”), pursuant to
which Infosmart has engaged Keating and Axiom to act as placement agents in
connection with the private placement of equity securities of Cyber;

WHEREAS, Cyber, KI Equity Partners II, LLC, Prime Fortune Enterprises Limited,
an international business company incorporated in the British Virgin Islands
(“Prime Fortune”), the shareholders of Prime Fortune, Infosmart, and the
shareholders of Infosmart are parties to that certain Exchange Agreement, dated
July 7, 2006, as amended August 14, 2006 (as the same may be further amended
from time to time) (the “Exchange Agreement”), which provides, upon the terms
and subject to the conditions thereof, for the exchange of all of the shares of
Infosmart for Cyber’s shares of Series A Convertible Preferred Stock (the
“Exchange”);

WHEREAS, as provided in the Placement Agreement, Cyber shall assume all of
Infosmart’s rights and obligations under the Placement Agreement.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, Infosmart, Keating, Axiom and Cyber hereby
agree as follows:

1.    Assignment and Assumption. Infosmart hereby assigns, transfers and conveys
unto Cyber, and Cyber hereby assumes and agrees to perform all of the covenants,
agreements and obligations of Infosmart under the Placement Agreement,
including, without limitation, the obligation to pay to Keating and Axiom when
due all amounts under the Placement Agreement, whether now existing or arising
after the Effective Date. Cyber shall hold harmless and indemnify and defend
Infosmart from and against any and all loss, cost, liability, expense, damage or
claim arising out of or related to the Placement Agreement.

2.    Consent to Assignment and Assumption. Keating and Axiom hereby consent to
the assignment by Infosmart of its rights to Cyber, and the assumption by Cyber
of the obligations of Infosmart, under the Placement Agreement, in full
satisfaction of requirements of the Placement Agreement.

3.    Miscellaneous. This Agreement shall be construed under and enforced in
accordance with the laws of the State of California. This Agreement and all of
its terms and provisions shall be binding upon and inure to the benefit of
Infosmart and its respective successors and assigns, and Cyber and its
successors and assigns. This Agreement may be executed in a number of identical
counterparts, each of which shall be deemed an original and all of which,
collectively, shall constitute one agreement.

 
 

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IN WITNESS WHEREOF, the parties hereto have caused this Assignment and
Assumption Agreement to be executed as of the date first above written.

INFOSMART GROUP LIMITED
 
 
By:  /s/ Wong Hiu Ming

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Name:  Wong Hiu Ming
Title:  Director
 
 
CYBER MERCHANTS EXCHANGE, INC.
 
 
By:  /s/ Kwok Chung

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Name:  Kwok Chung
Title:  President and CEO
 
 
KEATING SECURITIES, LLC
 
 
By:  /s/ Timothy J. Keating

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Name:  Timothy J. Keating
Title:  President
 
 
AXIOM CAPITAL MANAGEMENT, INC.
 
 
By:  /s/ Mark D. Martino

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Name:  Mark D. Martino
Title:  President
 
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