Exhibit 10.1
 
SHARE EXCHANGE AGREEMENT
 
This SHARE EXCHANGE AGREEMENT, dated December 31, 2008 (“Agreement”) is entered
by and among Masterise Holdings, Ltd., a limited liability company organized
under the laws of British Virgin Islands, whose address is Room 304, Dominion
Centre, 43 Queens Road East, Wanchai, Hong Kong (“Masterise”), Geostar Mineral
Corporation , a Nevada corporation whose address is #15 Dovga Storona Street,
Gologory Village, Zolochivskij Region, Lvivska Oblast, Ukraine 80736  (“GEOS”),
Titan Technology Development Limited a limited liability company organized under
the laws of Hong Kong, whose address is Room 1903, Hing Yip Commercial Centre,
272 Dev Voeux Road Central, Hong Kong (“Titan”),  and WANG Hui, an individual,
whose address is Block A, Long Cheng Te Fa Industrial park, Long Gang, Shenzhen,
China  (Titan and WANG Hui being the sole shareholders of Masterise hereinafter
collectively the “Masterise Shareholders”).
 
WHEREAS, Masterise Shareholders own 100% of the issued and outstanding shares of
common stock of Masterise (the "Masterise Shares");
 
WHEREAS, Masterise Shareholders believe that it is in its best interests to
exchange the Masterise Shares for Fifty Thousand (50,000) shares of common stock
of GEOS, par value $ 0.00001 per share (“GEOS Shares”), and GEOS believes it is
in its best interests to acquire the Masterise Shares in exchange for GEOS
Shares, upon the terms and subject to the conditions set forth in this
Agreement; and
 
WHEREAS, it is the intention of the parties that: (i) GEOS shall acquire 100% of
the Masterise Shares in exchange solely for the GEOS Shares set forth herein;
(ii) said exchange of shares shall qualify as a tax-free reorganization under
Section 368(a)(1)(B) of the Internal Revenue Code of 1986, as amended (the
“Code”); and (iii) said exchange shall qualify as a transaction in securities
exempt from registration or qualification under the Securities Act of 1933, as
amended and in effect on the date of this Agreement (the “Securities Act”).
 
NOW, THEREFORE, in consideration of the mutual terms, conditions and other
agreements set forth herein, the parties hereto hereby agree as follows:
 
ARTICLE I
 
EXCHANGE OF SHARES FOR COMMON STOCK
 
Section 1.1 
 
Agreement to Exchange Masterise Shares for GEOS Shares. On the Closing Date (as
hereinafter defined) and subject to the terms and conditions set forth in this
Agreement, Masterise Shareholders shall sell, assign, transfer, convey and
deliver the Masterise Shares (representing 100% of the issued and outstanding
Masterise Shares), to GEOS, and GEOS shall accept the Masterise Shares from the
Masterise Shareholders in exchange for the issuance to the Masterise
Shareholders a total of Fifty Thousand (50,000) shares of GEOS Shares as set
forth opposite to the names of the Masterise Shareholders on Exhibit A hereto.
 
Section 1.2 
 
Capitalization. On the Closing Date, immediately before the transactions to be
consummated pursuant to this Agreement, GEOS shall have authorized (a)
100,000,000  shares of Common Stock, par value $ 0.00001 per share, of which
5,511,400  shares shall be issued and outstanding, all of which are duly
authorized, validly issued and fully paid.
 
Section 1.3 
 
Closing. The closing of the exchange to be made pursuant to this Agreement
(“Closing”) shall take place at 10:00 a.m. E.S.T. on the day when the conditions
to closing set forth in Articles V and VI have been satisfied or waived, or at
such other time and date as the parties hereto shall agree in writing but no
later than December 31, 2008 (“Closing Date”) at the place mutually designated
by both parties. At the Closing, Masterise Shareholders shall deliver to GEOS
stock certificates representing 100% of the Masterise Shares, duly endorsed in
blank for transfer or accompanied by appropriate stock powers duly executed in
blank. In full consideration and exchange for the Masterise Shares and payment,
GEOS shall issue and exchange with Masterise Shareholders Fifty Thousand
(50,000)  shares of common stock of GEOS.
 
 
 

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Section 1.4 
 
Tax Treatment. The exchange described herein is intended to comply with Section
368(a)(1)(B) of the Code, and all applicable regulations thereunder. In order to
ensure compliance with said provisions, the parties agree to take whatever steps
may be necessary, including, but not limited to, the amendment of this
Agreement.

 
ARTICLE II
 
REPRESENTATIONS AND WARRANTIES OF GEOS
 
GEOS hereby, jointly and severally, represents, warrants and agrees as follows:
 
Section 2.1 
 
Corporate Organization
 
a. GEOS is a corporation duly organized, validly existing and in good standing
under the laws of Nevada, and has all requisite corporate power and authority to
own its properties and assets and to conduct its business and is duly qualified
to do business in good standing in each jurisdiction in which the nature of the
business conducted by GEOS or the ownership or leasing of its properties makes
such qualification and being in good standing necessary, except where the
failure to be so qualified and in good standing will not have a material adverse
effect on the business, operations, properties, assets, condition or results of
operation of GEOS (a "GEOS Material Adverse Effect");
 
b. Copies of the Articles of Incorporation and By-laws of GEOS, with all
amendments thereto to the date hereof, have been furnished to Masterise and the
Masterise Shareholders, and such copies are accurate and complete as of the date
hereof. The minute books of GEOS are current as required by law, contain the
minutes of all meetings of the Board of Directors and shareholders of GEOS from
its date of incorporation to the date of this Agreement, and adequately reflect
all material actions taken by the Board of Directors and shareholders of GEOS.
 
Section 2.2
 
Capitalization of GEOS. The authorized capital stock of GEOS consists of (a)
100,000,000  shares of Common Stock, par value $0.00001 per share, of which
5,511,400  shares are issued and outstanding, all of which are duly authorized,
validly issued and fully paid. The parties agree that they have been informed of
the issuances of these GEOS Shares, and that all such issuances of GEOS Shares
pursuant to this Agreement will be in accordance with the provisions of this
Agreement. All of the GEOS Shares to be issued pursuant to this Agreement have
been duly authorized and will be validly issued, fully paid and non-assessable
and no personal liability will attach to the ownership thereof and in each
instance, have been issued in accordance with the registration requirements of
applicable securities laws or an exemption therefrom. As of the date of this
Agreement there are no outstanding options, warrants, agreements, commitments,
conversion rights, preemptive rights or other rights to subscribe for, purchase
or otherwise acquire any shares of capital stock or any un-issued or treasury
shares of capital stock of GEOS.
 
Section 2.3 
 
Subsidiaries and Equity Investments. GEOS has no subsidiaries or equity interest
in any corporation, partnership or joint venture.
 
Section 2.4 
 
Authorization and Validity of Agreements. GEOS has all corporate power and
authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby and upon the
execution and delivery by Masterise and the Masterise Shareholders and the
performance of their obligations herein, will constitute, a legal, valid and
binding obligation of GEOS. The execution and delivery of this Agreement by GEOS
and the consummation by GEOS of the transactions contemplated hereby have been
duly authorized by all necessary corporate action of GEOS, and no other
corporate proceedings on the part of GEOS are necessary to authorize this
Agreement or to consummate the transactions contemplated hereby.
 
 
 

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Section 2.5 
 
No Conflict or Violation. The execution, delivery and performance of this
Agreement by GEOS do not and will not violate or conflict with any provision of
its Articles of Incorporation or By-laws, and does not and will not violate any
provision of law, or any order, judgment or decree of any court or other
governmental or regulatory authority, nor violate or result in a breach of or
constitute (with due notice or lapse of time or both) a default under, or give
to any other entity any right of termination, amendment, acceleration or
cancellation of, any contract, lease, loan agreement, mortgage, security
agreement, trust indenture or other agreement or instrument to which GEOS is a
party or by which it is bound or to which any of their respective properties or
assets is subject, nor will it result in the creation or imposition of any lien,
charge or encumbrance of any kind whatsoever upon any of the properties or
assets of GEOS, nor will it result in the cancellation, modification, revocation
or suspension of any of the licenses, franchises, permits to which GEOS is
bound.
 
Section 2.6 
 
Consents and Approvals. No consent, waiver, authorization or approval of any
governmental or regulatory authority, domestic or foreign, or of any other
person, firm or corporation, is required in connection with the execution and
delivery of this Agreement by GEOS or the performance by GEOS of its obligations
hereunder.
 
Section 2.7 
 
Absence of Certain Changes or Events. Since its inception:
 
a.  
 
As of the date of this Agreement, GEOS does not know or have reason to know of
any event, condition, circumstance or prospective development which threatens or
may threaten to have a material adverse effect on the assets, properties,
operations, prospects, net income or financial condition of GEOS;
 
b.  
 
there has not been any declaration, setting aside or payment of dividends or
distributions with respect to shares of capital stock of GEOS; and
 
c.  
 
there has not been an increase in the compensation payable or to become payable
to any director or officer of GEOS.
 
Section 2.8 
 
Disclosure. This Agreement and any certificate attached hereto or delivered in
accordance with the terms hereby by or on behalf of GEOS in connection with the
transactions contemplated by this Agreement, when taken together, do not contain
any untrue statement of a material fact or omit any material fact necessary in
order to make the statements contained herein and/or therein not misleading.
 
Section 2.9
 
Financial Statements. The audited balance sheet of GEOS and related statements
of operations, cash flow and shareholders' equity (“GEOS Financial Statements”)
fairly present in all material respects the financial position of GEOS as of the
respective dates thereof, and the other related statements included therein
fairly present in all material respects the results of operations, changes in
shareholders' equity and cash flows of GEOS for the respective periods or as of
the respective dates set forth therein, all in conformity with generally
accepted accounting principles consistently applied during the periods involved,
except as otherwise noted therein.  
 
Section 2.10
 
Absence of Changes; No Undisclosed Liabilities. Except as disclosed in any Form
10-K and Form 10-Q, GEOS has not incurred any liability material to GEOS on a
consolidated basis, except in the ordinary course of its business, consistent
with past practices; suffered a change, or any event involving a prospective
change, in the business, assets, financial condition, or results of operations
of GEOS which has had, or is reasonably likely to have, individually or in the
aggregate, a GEOS Material Adverse Effect, (other than as a result of changes or
proposed changes in federal or state regulations of general applicability or
interpretations thereof, changes in generally accepted accounting principles,
and changes that could, under the circumstances, reasonably have been
anticipated in light of disclosures made in writing by GEOS to Masterise
pursuant hereto); or subsequent to the date hereof, conducted its business and
operations other than in the ordinary course of business and consistent with
past practices. GEOS has no liability (and GEOS is not aware of any basis for
any present or future action, suit, proceeding, hearing, investigation, charge,
complaint, claim, or demand against any of them giving rising to any liability
which individually or is in the aggregate are reasonably likely to have a GEOS
Material Adverse Effect on GEOS) except for (a) liabilities set forth on the
face of the most recent balance sheet included in the GEOS Financial Statements,
and (b) liabilities which have arisen after the date of such balance sheet in
the ordinary course of business (none of which results from, arises out of,
relates to, is in the nature of, or was caused by any breach of contract, tort,
infringement, or violation of law).
 
 
 

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Section 2.11 
 
Litigation. There is no action, suit, proceeding or investigation pending or
threatened against the Company or any subsidiary that may affect the validity of
this Agreement or the right of GEOS to enter into this Agreement or to
consummate the transactions contemplated hereby.
 
Section 2.12 
 
Securities Laws. GEOS has complied in all material respects with applicable
federal and state securities laws, rules and regulations, including the Sarbanes
Oxley Act of 2002, as such laws, rules and regulations apply to GEOS and its
securities; and (b) all shares of capital stock of the Company have been issued
in accordance with applicable federal and state securities laws, rules and
regulations. There are no stop orders in effect with respect to any of the
Company’s securities.
 
Section 2.13 
 
Tax. GEOS has paid all taxes due to date, if any.
 
Section 2.14 
 
34 Act Reports. None of GEOS’s filings with the SEC, contains any untrue
statement of a material fact or omits to state a material fact necessary to make
the statements therein not misleading, in light of the circumstances in which
they were made.
 
Section 2.15  
 
Market Makers. GEOS has four market makers in its Common Stock (four market
makers on the bid, none on the ask).
 
Section 2.16 
 
Survival. Each of the representations and warranties set forth in this Article
II shall be deemed represented and made by GEOS at the Closing as if made at
such time and shall survive the Closing for a period terminating on the second
anniversary of the date of this Agreement.
 
ARTICLE III
 
REPRESENTATIONS AND WARRANTIES OF MASTERISE AND MASTERISE SHAREHOLDERS
 
Masterise and Masterise Shareholders, severally, represent, warrant and agree as
follows:
 
Section 3.1 
 
Corporate Organization.
 
a. 
 
Masterise is duly organized, validly existing and in good standing under the
laws of the British Virgin Islands and has all requisite corporate power and
authority to own its properties and assets and to conduct its business as now
conducted and is duly qualified to do business, is in good standing in each
jurisdiction wherein the nature of the business conducted by Masterise or the
ownership or leasing of its properties makes such qualification and being in
good standing necessary, except where the failure to be so qualified and in good
standing will not have a material adverse effect on the business, operations,
properties, assets, condition or results of operation of Masterise (a “Masterise
Material Adverse Effect”). As of the date of this Agreement, Masterise owns
seventy percent (70%) of the issued and outstanding equity or voting interests
in Shenzhen Changhua Biomedical Engineering Co., Ltd.(“Masterise Subsidiaries”).
Masterise Subsidiaries are duly organized, validly existing and in good standing
under the laws of the Peoples’ Republic of China (“PRC”) and have all requisite
corporate power and authority to own their properties and assets and to conduct
their business as now conducted and are duly qualified to do business, are in
good standing in each jurisdiction wherein the nature of the business conducted
by Masterise Subsidiaries or the ownership or leasing of their properties makes
such qualification and being in good standing necessary, except where the
failure to be so qualified and in good standing will not have a material adverse
effect on the business, operations, properties, assets, condition or results of
operation of Masterise Subsidiaries (a "Masterise Subsidiaries Material Adverse
Effect")
 
 
 

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b. 
 
Copies of the Certificate of Incorporation and By-laws of Masterise with all
amendments thereto to the date hereof, have been furnished to GEOS, and such
copies are accurate and complete as of the date hereof. The minute books of
Masterise are current as required by law, contain the minutes of all meetings of
the Board of Directors and shareholders of Masterise, and adequately reflect all
material actions taken by the Board of Directors, shareholders of Masterise.
 
Section 3.2 
 
Authorization and Validity of Agreements. Masterise has all corporate power and
authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby. The execution
and delivery of this Agreement by Masterise and the consummation of the
transactions contemplated hereby have been duly authorized by all necessary
corporate action and no other corporate proceedings on the part of Masterise are
necessary to authorize this Agreement or to consummate the transactions
contemplated hereby. The Masterise Shareholders have approved this Agreement on
behalf of Masterise and no other stockholder approvals are required to
consummate the transactions contemplated hereby. Masterise Shareholders are
competent to execute this Agreement, and have the power to execute and perform
this Agreement. No other proceedings on the part of Masterise or Masterise
Shareholders are necessary to authorize this Agreement or to consummate the
transactions contemplated hereby.
 
Section 3.3 
 
No Conflict or Violation. The execution, delivery and performance of this
Agreement by Masterise or Masterise Shareholders does not and will not violate
or conflict with any provision of the constituent documents of Masterise, and
does not and will not violate any provision of law, or any order, judgment or
decree of any court or other governmental or regulatory authority, nor violate,
result in a breach of or constitute (with due notice or lapse of time or both) a
default under or give to any other entity any right of termination, amendment,
acceleration or cancellation of any contract, lease, loan agreement, mortgage,
security agreement, trust indenture or other agreement or instrument to which
Masterise or Masterise Shareholders is a party or by which it is bound or to
which any of its respective properties or assets is subject, nor result in the
creation or imposition of any lien, charge or encumbrance of any kind whatsoever
upon any of the properties or assets of Masterise or Masterise Shareholders, nor
result in the cancellation, modification, revocation or suspension of any of the
licenses, franchises, permits to which Masterise or Masterise Shareholders is
bound.
 
Section 3.4 
 
Investment Representations. (a) The GEOS Shares will be acquired hereunder
solely for the account of the Masterise Shareholders, for investment, and not
with a view to the resale or distribution thereof. Masterise Shareholders
understand and are able to bear any economic risks associated with such
investment in the GEOS Shares. Masterise Shareholders have had full access to
all the information such shareholders consider necessary or appropriate to make
informed investment decisions with respect to the GEOS Shares to be acquired
under this Agreement. Masterise Shareholders further have had an opportunity to
ask questions and receive answers from GEOS’s directors regarding GEOS and to
obtain additional information (to the extent GEOS’s directors possessed such
information or could acquire it without unreasonable effort or expense)
necessary to verify any information furnished to such shareholder or to which
such shareholder had access. Masterise Shareholders are at the time of the offer
and execution of this Agreement, either domiciled and resident outside the
United States (a “Non-U.S. Shareholder”) and or are each an “accredited
investor” (as such term is defined in Rule 501(a) of Regulation D promulgated by
the Securities and Exchange Commission under the Securities Act).
 
 
 

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(b) No Non-U.S. Shareholder, nor any affiliate of any Non-U.S. Shareholder, nor
any person acting on behalf of any Non-U.S. Shareholder or any behalf of any
such affiliate, has engaged or will engage in any activity undertaken for the
purpose of, or that reasonably could be expected to have the effect of,
conditioning the markets in the United States for the GEOS Shares, including,
but not limited to, effecting any sale or short sale of securities through any
Non-U.S. Shareholder or any of affiliate of any Non-U.S. Shareholder prior to
the expiration of any restricted period contained in Regulation S promulgated
under the Securities Act (any such activity being defined herein as a “Directed
Selling Effort”). To the best knowledge of the Non-U.S. Shareholders, this
Agreement and the transactions contemplated herein are not part of a plan or
scheme to evade the registration provisions of the Securities Act, and the GEOS
Shares are being acquired for investment purposes by the Non-U.S. Shareholders.
The Non-U.S. Shareholder agrees that all offers and sales of GEOS Shares from
the date hereof and through the expiration of the any restricted period set
forth in Rule 903 of Regulation S (as the same may be amended from time to time
hereafter) shall not be made to U.S. Persons or for the account or benefit of
U.S. Persons and shall otherwise be made in compliance with the provisions of
Regulation S and any other applicable provisions of the Securities Act. Neither
any Non-U.S. Shareholder nor the representatives of any Non-U.S. Shareholder
have conducted any Directed Selling Effort as that term is used and defined in
Rule 902 of Regulation S and no Non-U.S. Shareholder nor any representative of
any Non-U.S. Shareholder will engage in any such Directed Selling Effort within
the United States through the expiration of any restricted period set forth in
Rule 903 of Regulation S.
 
Section 3.5 
 
Brokers’ Fees. Masterise Shareholders have no liability to pay any fees or
commissions or other consideration to any broker, finder, or agent with respect
to the transactions contemplated by this Agreement.
 
Section 3.6 
 
Disclosure. This Agreement, the schedules hereto and any certificate attached
hereto or delivered in accordance with the terms hereby by or on behalf of
Masterise or the Masterise Shareholders in connection with the transactions
contemplated by this Agreement, when taken together, do not contain any untrue
statement of a material fact or omit any material fact necessary in order to
make the statements contained herein and/or therein not misleading.
 
Section 3.7
 
 Survival. Each of the representations and warranties set forth in this Article
III shall be deemed represented and made by Masterise and the Masterise
Shareholders at the Closing as if made at such time and shall survive the
Closing for a period terminating on the second anniversary of the date of this
Agreement.
 
ARTICLE IV
 
COVENANTS
 
Section 4.1 
 
Certain Changes and Conduct of Business.
 
a. 
 
From and after the date of this Agreement and until the Closing Date, GEOS shall
conduct its business solely in the ordinary course consistent with past
practices and, in a manner consistent with all representations, warranties or
covenants of GEOS, and without the prior written consent of Masterise will not,
except as required or permitted pursuant to the terms hereof:
 
i. 
 
make any material change in the conduct of its businesses and/or operations or
enter into any transaction other than in the ordinary course of business
consistent with past practices;
 
ii.  
 
make any change in its Articles of Incorporation or By-laws; issue any
additional shares of capital stock or equity securities or grant any option,
warrant or right to acquire any capital stock or equity securities or issue any
security convertible into or exchangeable for its capital stock or alter in any
material term of any of its outstanding securities or make any change in its
outstanding shares of capital stock or its capitalization, whether by reason of
a reclassification, recapitalization, stock split or combination, exchange or
readjustment of shares, stock dividend or otherwise;
 
 
 

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iii.
 
incur, assume or guarantee any indebtedness for borrowed money, issue any notes,
bonds, debentures or other corporate securities or grant any option, warrant or
right to purchase any thereof, except pursuant to transactions in the ordinary
course of business consistent with past practices, or issue any securities
convertible or exchangeable for debt or equity securities of GEOS;
 
iv. 
 
make any sale, assignment, transfer, abandonment or other conveyance of any of
its assets or any part thereof, except pursuant to transactions in the ordinary
course of business consistent with past practice;
 
v.  
 
subject any of its assets, or any part thereof, to any lien or suffer such to be
imposed other than such liens as may arise in the ordinary course of business
consistent with past practices by operation of law which will not have a GEOS
Material Adverse Effect;
 
vi.  
 
acquire any assets, raw materials or properties, or enter into any other
transaction, other than in the ordinary course of business consistent with past
practices;
 
vii.  
 
enter into any new (or amend any existing) employee benefit plan, program or
arrangement or any new (or amend any existing) employment, severance or
consulting agreement, grant any general increase in the compensation of officers
or employees (including any such increase pursuant to any bonus, pension,
profit-sharing or other plan or commitment) or grant any increase in the
compensation payable or to become payable to any employee, except in accordance
with pre-existing contractual provisions or consistent with past practices;
 
viii.  
 
make or commit to make any material capital expenditures;
 
ix.  
 
pay, loan or advance any amount to, or sell, transfer or lease any properties or
assets to, or enter into any agreement or arrangement with, any of its
affiliates;
 
x.  
 
guarantee any indebtedness for borrowed money or any other obligation of any
other person;
 
xi.  
 
fail to keep in full force and effect insurance comparable in amount and scope
to coverage maintained by it (or on behalf of it) on the date hereof;
 
xii. 
 
take any other action that would cause any of the representations and warranties
made by it in this Agreement not to remain true and correct in all material
aspect;
 
xiii.  
 
make any material loan, advance or capital contribution to or investment in any
person;
 
xiv.
 
make any material change in any method of accounting or accounting principle,
method, estimate or practice;
 
xv.  
 
settle, release or forgive any claim or litigation or waive any right;
 
xvi.  
 
commit itself to do any of the foregoing.
 
 
 

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b. 
 
From and after the date of this Agreement, Masterise will cause Masterise
Subsidiaries to:
 
i.  
 
continue to maintain, in all material respects, its properties in accordance
with present practices in a condition suitable for its current use;
 
ii. 
 
file, when due or required, federal, state, foreign and other tax returns and
other reports required to be filed and pay when due all taxes, assessments, fees
and other charges lawfully levied or assessed against it, unless the validity
thereof is contested in good faith and by appropriate proceedings diligently
conducted;
 
iii. 
 
continue to conduct its business in the ordinary course consistent with past
practices;
 
iv.  
 
keep its books of account, records and files in the ordinary course and in
accordance with existing practices; and
 
v.  
 
continue to maintain existing business relationships with suppliers.
 
Section 4.2 
 
Access to Properties and Records. Masterise shall afford GEOS’s accountants,
counsel and authorized representatives, and GEOS shall afford to Masterise's
accountants, counsel and authorized representatives full access during normal
business hours throughout the period prior to the Closing Date (or the earlier
termination of this Agreement) to all of such parties’ properties, books,
contracts, commitments and records and, during such period, shall furnish
promptly to the requesting party all other information concerning the other
party's business, properties and personnel as the requesting party may
reasonably request, provided that no investigation or receipt of information
pursuant to this Section 4.2 shall affect any representation or warranty of or
the conditions to the obligations of any party.
 
Section 4.3 
 
Negotiations. From and after the date hereof until the earlier of the Closing or
the termination of this Agreement, no party to this Agreement nor its officers
or directors (subject to such director's fiduciary duties) nor anyone acting on
behalf of any party or other persons shall, directly or indirectly, encourage,
solicit, engage in discussions or negotiations with, or provide any information
to, any person, firm, or other entity or group concerning any merger, sale of
substantial assets, purchase or sale of shares of capital stock or similar
transaction involving any party. A party shall promptly communicate to any other
party any inquiries or communications concerning any such transaction which they
may receive or of which they may become aware of.
 
Section 4.4 
 
Consents and Approvals. The parties shall:
 
i.  
 
use their reasonable commercial efforts to obtain all necessary consents,
waivers, authorizations and approvals of all governmental and regulatory
authorities, domestic and foreign, and of all other persons, firms or
corporations required in connection with the execution, delivery and performance
by them of this Agreement; and

 
ii.  
 
diligently assist and cooperate with each party in preparing and filing all
documents required to be submitted by a party to any governmental or regulatory
authority, domestic or foreign, in connection with such transactions and in
obtaining any governmental consents, waivers, authorizations or approvals which
may be required to be obtained connection in with such transactions.
 
 
 

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Section 4.5 
 
Public Announcement. Unless otherwise required by applicable law, the parties
hereto shall consult with each other before issuing any press release or
otherwise making any public statements with respect to this Agreement and shall
not issue any such press release or make any such public statement prior to such
consultation.
 
Section 4.6 
 
Stock Issuance. From and after the date of this Agreement until the Closing
Date, GEOS shall not issue any additional shares of its capital stock.
 
Section 4.7 
 
Notwithstanding anything to the contrary contained herein, it is herewith
understood and agreed that both Masterise and GEOS may enter into and conclude
agreements and/or financing transactions as same relate to and/or are
contemplated by any separate written agreements either: (a) annexed hereto as
exhibits; or (b) entered into by GEOS with Masterise executed by both parties
subsequent to the date hereof. These Agreements shall become, immediately upon
execution, part of this Agreement and subject to all warranties, representations
and conditions contained herein.
 
ARTICLE V
 
CONDITIONS TO OBLIGATIONS OF MASTERISE AND MASTERISE SHAREHOLDERS
 
The obligations of Masterise and the Masterise Shareholders to consummate the
transactions contemplated by this Agreement are subject to the fulfillment, at
or before the Closing Date, of the following conditions, any one or more of
which may be waived by both Masterise and the Masterise Shareholders in their
sole discretion:
 
Section 5.1 
 
Representations and Warranties of GEOS. All representations and warranties made
by GEOS in this Agreement shall be true and correct on and as of the Closing
Date as if again made by GEOS as of such date.
 
Section 5.2 
 
Agreements and Covenants. GEOS shall have performed and complied in all material
respects to all agreements and covenants required by this Agreement to be
performed or complied with by it on or prior to the Closing Date.
 
Section 5.3 
 
Consents and Approvals. Consents, waivers, authorizations and approvals of any
governmental or regulatory authority, domestic or foreign, and of any other
person, firm or corporation, required in connection with the execution, delivery
and performance of this Agreement shall be in full force and effect on the
Closing Date.
 
Section 5.4 
 
No Violation of Orders. No preliminary or permanent injunction or other order
issued by any court or governmental or regulatory authority, domestic or
foreign, nor any statute, rule, regulation, decree or executive order
promulgated or enacted by any government or governmental or regulatory
authority, which declares this Agreement invalid in any respect or prevents the
consummation of the transactions contemplated hereby, or which materially and
adversely affects the assets, properties, operations, prospects, net income or
financial condition of GEOS shall be in effect; and no action or proceeding
before any court or governmental or regulatory authority, domestic or foreign,
shall have been instituted or threatened by any government or governmental or
regulatory authority, domestic or foreign, or by any other person, or entity
which seeks to prevent or delay the consummation of the transactions
contemplated by this Agreement or which challenges the validity or
enforceability of this Agreement.
 
 
 

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ARTICLE VI
 
CONDITIONS TO OBLIGATIONS OF GEOS
 
The obligations of GEOS to consummate the transactions contemplated by this
Agreement are subject to the fulfillment, at or before the Closing Date, of the
following conditions, any one or more of which may be waived by GEOS in its sole
discretion:
 
Section 6.1 
 
Representations and Warranties of Masterise and Masterise Shareholders. All
representations and warranties made by Masterise and Masterise Shareholders in
this Agreement shall be true and correct on and as of the Closing Date as if
again made by them on and as of such date.
 
Section 6.2 
 
Agreements and Covenants. Masterise and Masterise Shareholders shall have
performed and complied in all material respects to all agreements and covenants
required by this Agreement to be performed or complied with by it on or prior to
the Closing Date.
 
Section 6.3 
 
Consents and Approvals. All consents, waivers, authorizations and approvals of
any governmental or regulatory authority, domestic or foreign, and of any other
person, firm or corporation, required in connection with the execution, delivery
and performance of this Agreement, shall have been duly obtained and shall be in
full force and effect on the Closing Date.
 
Section 6.4 
 
No Violation of Orders. No preliminary or permanent injunction or other order
issued by any court or other governmental or regulatory authority, domestic or
foreign, nor any statute, rule, regulation, decree or executive order
promulgated or enacted by any government or governmental or regulatory
authority, domestic or foreign, that declares this Agreement invalid or
unenforceable in any respect or which prevents the consummation of the
transactions contemplated hereby, or which materially and adversely affects the
assets, properties, operations, prospects, net income or financial condition of
Masterise or Masterise Subsidiaries, taken as a whole, shall be in effect; and
no action or proceeding before any court or government or regulatory authority,
domestic or foreign, shall have been instituted or threatened by any government
or governmental or regulatory authority, domestic or foreign, or by any other
person, or entity which seeks to prevent or delay the consummation of the
transactions contemplated by this Agreement or which challenges the validity or
enforceability of this Agreement.
 
Section 6.5. 
 
Other Closing Documents. GEOS shall have received such other certificates,
instruments and documents in confirmation of the representations and warranties
of Masterise or in furtherance of the transactions contemplated by this
Agreement as GEOS or its counsel may reasonably request.
 
ARTICLE VII
 
TERMINATION AND ABANDONMENT
 
SECTION 7.1 
 
Methods of Termination. This Agreement may be terminated and the transactions
contemplated hereby may be abandoned at any time before the Closing:
 
a. 
 
By the mutual written consent of Masterise, Masterise Shareholders, and GEOS;
 
b.
 
By GEOS, upon a material breach of any representation, warranty, covenant or
agreement on the part of Masterise or Masterise Shareholders set forth in this
Agreement, or if any representation or warranty of Masterise or the Masterise
Shareholders shall become untrue, in either case such that any of the conditions
set forth in Article VI hereof would not be satisfied (a "Masterise Breach"),
and such breach shall, if capable of cure, has not been cured within Thirty (30)
days after receipt by the party in breach of a notice from the non-breaching
party setting forth in detail the nature of such breach;

 
 

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c. 
 
By Masterise, upon a material breach of any representation, warranty, covenant
or agreement on the part of GEOS set forth in this Agreement, or, if any
representation or warranty of GEOS shall become untrue, in either case such that
any of the conditions set forth in Article V hereof would not be satisfied (a
"GEOS Breach"), and such breach shall, if capable of cure, not have been cured
within Thirty (30) days after receipt by the party in breach of a written notice
from the non-breaching party setting forth in detail the nature of such breach.;
 
d. 
 
By either GEOS or Masterise, if the Closing shall not have consummated before
Ninety (90) days after the date hereof; provided, however, that this Agreement
may be extended by written notice of either Masterise or GEOS, if the Closing
shall not have been consummated as a result of GEOS or Masterise having failed
to receive all required regulatory approvals or consents with respect to this
transaction or as the result of the entering of an order as described in this
Agreement; and further provided, however, that the right to terminate this
Agreement under this Section 7.1(d) shall not be available to any party whose
failure to fulfill any obligations under this Agreement has been the cause of,
or resulted in, the failure of the Closing to occur on or before this date.
 
e. 
 
By either Masterise or GEOS if a court of competent jurisdiction or
governmental, regulatory or administrative agency or commission shall have
issued an order, decree or ruling or taken any other action (which order, decree
or ruling the parties hereto shall use its best efforts to lift), which
permanently restrains, enjoins or otherwise prohibits the transactions
contemplated by this Agreement.
 
Section 7.2
 
Procedure Upon Termination. In the event of termination and abandonment of this
Agreement by Masterise or GEOS pursuant to Section 7.1, written notice thereof
shall forthwith be given to the other parties and this Agreement shall terminate
and the transactions contemplated hereby shall be abandoned, without further
action. If this Agreement is terminated as provided herein, no party to this
Agreement shall have any liability or further obligation to any other party to
this Agreement; provided, however, that no termination of this Agreement
pursuant to this Article VII shall relieve any party of liability for a breach
of any provision of this Agreement occurring before such termination.
 
ARTICLE VIII
 
POST-CLOSING AGREEMENTS
 
Section 8.1 
 
Consistency in Reporting. Each party hereto agrees that if the characterization
of any transaction contemplated in this agreement or any ancillary or collateral
transaction is challenged, each party hereto will testify, affirm and ratify
that the characterization contemplated in such agreement was the
characterization intended by the party; provided, however, that nothing herein
shall be construed as giving rise to any obligation if the reporting position is
determined to be incorrect by final decision of a court of competent
jurisdiction.
 
ARTICLE IX
 
MISCELLANEOUS PROVISIONS
 
Section 9.1 
 
Survival of Provisions. The respective representations, warranties, covenants
and agreements of each of the parties to this Agreement (except covenants and
agreements which are expressly required to be performed and are performed in
full on or before the Closing Date) shall survive the Closing Date and the
consummation of the transactions contemplated by this Agreement, subject to
Sections 2.15, 3.8 and 9.1. In the event of a breach of any of such
representations, warranties or covenants, the party to whom such
representations, warranties or covenants have been made shall have all rights
and remedies for such breach available to it under the provisions of this
Agreement or otherwise, whether at law or in equity, regardless of any
disclosure to, or investigation made by or on behalf of such party on or before
the Closing Date.
 
 
 

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Section 9.2 
 
Publicity. No party shall cause the publication of any press release or other
announcement with respect to this Agreement or the transactions contemplated
hereby without the consent of the other parties, unless a press release or
announcement is required by law. If any such announcement or other disclosure is
required by law, the disclosing party agrees to give the non-disclosing parties
prior notice and an opportunity to comment on the proposed disclosure.
 
Section 9.3 
 
Successors and Assigns. This Agreement shall inure to the benefit of, and be
binding upon, the parties hereto and their respective successors and assigns;
provided, however, that no party shall assign or delegate any of the obligations
created under this Agreement without the prior written consent of the other
parties.
 
Section 9.4 
 
Fees and Expenses. Except as otherwise expressly provided in this Agreement, all
legal and other fees, costs and expenses incurred in connection with this
Agreement and the transactions contemplated hereby shall be paid by the party
incurring such fees, costs or expenses.
 
Section 9.5 
 
Notices. All notices and other communications given or made pursuant hereto
shall be in writing and shall be deemed to have been given or made if in writing
and delivered personally or sent by registered or certified mail (postage
prepaid, return receipt requested) to the parties or to such other persons or at
such other addresses as shall be furnished by any party by like notice to the
others, and such notice or communication shall be deemed to have been given or
made as of the date so delivered or mailed. No change in any of such addresses
shall be effective insofar as notices under this Section 9.5 are concerned
unless such changed address is located in the United States of America and
notice of such change shall have been given to such other party hereto as
provided in this Section 9.5
 
Section 9.6 
 
Entire Agreement. This Agreement, together with the exhibits hereto, represents
the entire agreement and understanding of the parties with reference to the
transactions set forth herein and no representations or warranties have been
made in connection with this Agreement other than those expressly set forth
herein or in the exhibits, certificates and other documents delivered in
accordance herewith. This Agreement supersedes all prior negotiations,
discussions, correspondence, communications, understandings and agreements
between the parties relating to the subject matter of this Agreement and all
prior drafts of this Agreement, all of which are merged into this Agreement. No
prior drafts of this Agreement and no words or phrases from any such prior
drafts shall be admissible into evidence in any action or suit involving this
Agreement.
 
Section 9.7 
 
Severability. This Agreement shall be deemed severable, and the invalidity or
unenforceability of any term or provision hereof shall not affect the validity
or enforceability of this Agreement or of any other term or provision hereof.
Furthermore, in lieu of any such invalid or unenforceable term or provision, the
parties hereto intend that there shall be added as a part of this Agreement a
provision as similar in terms to such invalid or unenforceable provision as may
be possible so as to be valid and enforceable.
 
Section 9.8 
 
Titles and Headings. The Article and Section headings contained in this
Agreement are solely for convenience of reference and shall not affect the
meaning or interpretation of this Agreement or of any term or provision hereof.
 
Section 9.9
 
 Counterparts. This Agreement may be executed in two or more counterparts, each
of which shall be deemed one and the same agreement.
 
Section 9.10 
 
Convenience of Forum; Consent to Jurisdiction. The parties to this Agreement,
acting for themselves and for their respective successors and assigns, without
regard to domicile, citizenship or residence, hereby expressly and irrevocably
elect as the sole judicial forum for the adjudication of any matters arising
under or in connection with this Agreement, and consent and subject themselves
to the jurisdiction of, the courts of the State of New York located in County of
New York, and/or the United States District Court for the Southern District of
New York, in respect of any matter arising under this Agreement. Service of
process, notices and demands of such courts may be made upon any party to this
Agreement by personal service at any place where it may be found or giving
notice to such party as provided in Section 9.5.
 
 
 

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Section 9.11 
 
Enforcement of the Agreement. The parties hereto agree that irreparable damage
would occur if any of the provisions of this Agreement were not performed in
accordance with their specific terms or were otherwise breached. It is
accordingly agreed that the parties shall be entitled to an injunction or
injunctions to prevent breaches of this Agreement and to enforce specifically
the terms and provisions hereto, this being in addition to any other remedy to
which they are entitled at law or in equity.
 
Section 9.12 
 
Governing Law. This Agreement shall be governed by and interpreted and enforced
in accordance with the laws of the State of New York without giving effect to
the choice of law provisions thereof.
 
Section 9.13 
 
Amendments and Waivers. No amendment of any provision of this Agreement shall be
valid unless the same shall be in writing and signed by all of the parties
hereto. No waiver by any party of any default, misrepresentation, or breach of
warranty or covenant hereunder, whether intentional or not, shall be deemed to
extend to any prior or subsequent default, misrepresentation, or breach of
warranty or covenant hereunder or affect in any way any rights arising by virtue
of any prior or subsequent such occurrence.
 
[SIGNATURE PAGE FOLLOWS]
 
 
 

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.
 
Masterise  Holdings,Ltd.
 
By:
/s/ Wang Hui
 
     
Print Name:
WANG Hui
 
     
Title:
PRESIDENT & CEO
 

 
Masterise Shareholders :
 
By:
/s/ Wang Hui
 
     
Print Name:
WANG, Hui
 
     
By:
/s/ Chi Fung Yu
 
     
Titan Technology Development Ltd. /Name: Chi Fung Yu_
      Title: PRESIDENT & CEO  

 
Geostar Mineral Corp.
 
By:
/s/ Chi Ming Yu
 
     
Print Name:
Chi Ming YU
 
   
Title:
PRESIDENT & CEO
 

 
 
 

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