Appendix 2

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Exclusive License Agreement

This Exclusive License Agreement (this “Agreement”) is made by and among:

 
(1)
Jumbo Power Technology Ltd., whose registered office is at Units 803-5, 8/F, Nan
Fung Tower, 173 Des Voeux Road, Central HK (“JPT”);

 
(2)
Liao Pheng-Piao (廖丰标), holder of Taiwan Passport No. [         ] (the “Holder”)

 
(3)
Liu Chih-Chun (刘志春), holder of Taiwan Passport No. [        ] (the “Holder”)

 
(JPT, Liao Pheng- Piao and Liu Chih Chun shall be jointly referred to as the
“Licensor”)
 
(4)
Trussnet Capital Partners (HK) Ltd., whose registered office is at Flat/RM M202,
Haleson Building, 1 Jubilee Street, Central HK (the “Licensee")

The aforesaid parties shall be referred to individually as a "Party", and
collectively as the "Parties".

WHEREAS

1)
The Holders jointly own the patent or are the applicant for the registration of
the patent as described and documented in Annex 1 hereto, and hold the know-how
in relation to the production of LED products (the patents and know-how are
hereinafter referred to as “Intellectual Property”);

2)
JPT has been granted exclusive right for the use of the Intellectual Property by
the Holders;

3)
The Parties entered into a Share Subscription and Shareholders Agreement on
December [   ], 2008, according to which JPT shall sub-license the Intellectual
Property to the Licensee as contribution in kind in consideration for the
issuance of shares of the Licensee; and

4)
This Agreement is made pursuant to the Share Subscription and Shareholders
Agreement to set forth the terms and conditions for the license of Intellectual
Property by the Licensor to the Licensee.

IT IS AGREED AS FOLLOWS

Article 1               Intellectual Property License

1.1
The Licensor hereby grants to the Licensee, including the Licensee’s
subsidiaries and affiliated companies, the right to use the Intellectual
Property pursuant to the terms and conditions set forth in this Agreement.

1.2
The right thus granted by the Licensor to the Licensee is exclusive and
non-transferable.

 
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1.3
Without the Licensor’s prior consent, the Licensee shall not transfer or
sub-license the Intellectual Property to a third party other than the Licensee’s
subsidiaries and affiliated companies.

 
Article 2               Use of Intellectual Property

2.1
The Licensee shall conform to the applicable laws and regulations, and
appropriately use the Intellectual Property in accordance with the guidelines
provided by the Licensor.

2.2
The Licensee may, during the term of this Agreement, develop intellectual
property (“Foreground Intellectual Property”) which are created based on and by
using the Intellectual Property and exploit in any possible ways (including but
not limited to modify, reproduce, adapt, translate, and variation).

2.3
The Parties agree that the Foreground Intellectual Property shall be the sole
property of the Licensee and the Licensor shall not apply for the registration
of Foreground Intellectual Property.

2.4
The Licensor shall communicate to the Licensee the know-how and other techniques
contained in the Intellectual Property by training and other possible method.

Article 3               Consideration

3.1
In consideration for the license granted by the Licensor described in Article 1,
the Licensee shall issue 3,181,818,181 ordinary shares at US$0.001 par value in
accordance with the Share Subscription and Shareholders Agreement.

3.2
The license shall be free of royalty.

Article 4               Warranties and Undertakings

4.1
The Licensor warrants to the Licensee that the Licensor is the legal proprietor
of the Intellectual Property and that it has the right to authorize the Licensee
to use the Intellectual Property. The Licensor further warrants that the
Intellectual Property does not violate the intellectual property right of any
third party.

4.2
The Licensor shall provide to the Licensee all necessary aids in order to assist
the Licensee to use smoothly the Intellectual Property.

4.3
The Licensor has not and will not authorize any third party to use the
Intellectual Property

 
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4.4
The Licensor warrants and undertakes that the Intellectual Property is free of
any encumbrance, and it will not create any encumbrance on the rights over the
Intellectual Property during the term of this Agreement.

4.5
The Licensor shall carry out and obtain, on time and at its costs, the extension
of the registration of the Intellectual Property during the term of this
Agreement.

4.6
The Licensee hereby agrees to provide the Licensor with any reasonable
assistance to protect the Intellectual Property and to not to do any action
which might infringe the Licensor’s rights to the Intellectual Property.

 
Article 5               Confidentiality

5.1
The Licensee undertakes and agrees to keep confidential all such documents and
not to communicate or authorize to communicate the same to any other person
without prior express written consent by the Licensor (except for the
communication of the same to its own employees); whereas the documents which can
be communicated to its employees shall be limited to the extent that such
employees can appropriately fulfil the tasks appointed to them.

5.2
This confidentiality obligation shall remain valid during the validity term of
this Agreement and after the termination of this Agreement for any reason
whatsoever.

Article 6               Infringement and Compensation

6.1
The Licensee shall forthwith notify the Licensor of any infringement or
attempted infringement of the Intellectual Property’ rights. The Licensor shall
be entitled to, at its own discretion and at its cost, bring a lawsuit or by
other means with a view to restraining or preventing the act of infringement in
the name of both the Licensor and the Licensee or in the name of either Party of
the two.

6.2
In case the Licensor fails to perform its warranty and undertaking as described
in Article 4.1 herein and the performance of this Agreement infringes directly
or indirectly the right of any third party, the Licensor shall assume all legal
consequences and shall compensate the Licensee for any loss resulting therein.

Article 7               Effectiveness and Termination

7.1
This Agreement shall become effective upon the execution of this Agreement by
the Parties until the lapse of three years after the termination of the Share
Subscription and Shareholders Agreement or the early termination of this
Agreement pursuant to article 9.2 hereinbelow.

7.2
In any of the following cases, the concerned Party shall have the right to
terminate this Agreement:

 
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If by the Licensor:

 
(a)
The Licensee violates its obligations under article 3.1 of this Agreement and it
has not remedied such default within sixty (60) days after the written notice
issued by the Licensor to the Licensee; or

 
(b)
The Licensee goes into bankruptcy, or is the subject of liquidation or
dissolution proceeding, or ceases its business or is in insolvency face to its
due debts.

If by the Licensee:

 
(a)
The Licensee violates its obligations under article 1.2 of this Agreement; or

 
 
(b)
Breach of the warranties and undertakings as described in Article 4 hereto by
the Licensor.

7.3
The terminating Party may serve the other Party a thirty (30) days’ prior
written notice explaining the reason of the termination. Such termination shall
be effective upon the expiry of the term of said thirty (30) days.

7.4
After the termination of this Agreement, the right of use of the Intellectual
Property by the Licensee shall immediately be terminated and the Licensee shall
cease any and all use of the Intellectual Property.

7.5
Termination of this Agreement shall not release any party from any liability
which at the time of termination had already accrued to that party, nor from any
liability arising or maturing after such termination as a result of any breach,
act or omission committed prior to such termination.

Article 8               Taxes

The Parties shall assume their respective tax liabilities in accordance with
relevant applicable laws.

Article 9               Settlement of Dispute

The parties agree that the competent court of Hong Kong shall have exclusive
jurisdiction to settle any dispute which may arise out of or in connection with
this Agreement.

Article 10             Governing Law

The establishment, effect, interpretation as well as performance of this
Agreement are subject to laws of Hong Kong.
 
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Article 11             Miscellaneous

11.1
The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity of any other provision of this Agreement.

11.2
This Agreement is written in both English and Chinese and the English version
shall prevail in case of inconsistency. This Agreement is signed in four (4)
original copies of each language.

11.3
No change in, modification of the terms and conditions contained herein shall be
valid as between the parties unless set forth in a writing and signed by the
empowered representatives of both parties.

11.4
Failure or delay of any of the Parties to exercise any right, power or privilege
under this Agreement shall not be considered as a waiver thereof; nor shall any
single or partial exercise of such a right preclude any other future exercise
thereof.

11.5
Any notice sent by either Party to the other shall be made by express courier
service, delivered letter, facsimile or email (followed by a confirmation by
express courier service delivered letter) to the addresses as informed and
updated by the Parties from time to time.

 
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IN WITNESS WHEREOF, the Parties hereto have caused their respective duly
authorized representatives to execute this Agreement on December [    ], 2008.

 
Signed by:
           
Colin Tay
 
Director
 
on behalf of Trussnet Capital Partners (HK) Ltd.

 

 
Signed by:
           
Liao Feng Biao
Director
 
on behalf of Jumbo Power Technologies Hong Kong Ltd.

 

 
Signed by:
           
Liao Pheng-Piao (廖丰标)

 
Signed by:
           
Liu Chih-Chun（刘志春）

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Appendix 2

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Annex 1

List of the Registered Patents and Patent Application
 
Patent Name
 
Region
 
Patent Number
 
Patent Duration
 
Owner/
Applicant
 
Mixed Etching Process used in Hetero-structure Bipolar Transistor (HBT)
 
Taiwan
 
00514677
 
2002/12/21 - 2021/06/28
     
Lateral MSM Photodetector and its fabrication
 
Taiwan
 
00517264
 
2003/01/11 - 2021/05/23
     
Traffic lights with matrix display
 
Taiwan
 
M249151
 
2004/11/01 - 2013/11/06
     
Emission windows of GaAs-based LEDs
 
Taiwan
 
M269573
 
2005/07/01 - 2013/10/02
     
Rear image system for auto-bikes
 
Taiwan
 
M274300
 
2005/09/01 - 2015/03/10
     
Accumulated Solar cell structure
 
Mainland China
 
ZL200420065961.2
 
2005/09/6 – 2014/07/15
     
GaAs-based LED with distributed electrodes and transparent transportation layer
 
Taiwan
 
I240432
 
2005/09/21 - 2024/05/18
     
High efficient three wavelength Backside modules
 
Taiwan
 
097100084
 
Filing
     
High efficient three wavelength Backside modules
 
Mainland China
 
200810003888.9
 
Filing
     
High efficient three wavelength Backside modules
 
South Korea
 
10-2008-0050292
 
Filing
     
Measurement system for junction temperature of high power LEDs
 
Taiwan
 
097108513
 
Filing
     
High efficient Light-Emitting Diode white Light modules
 
Taiwan
 
097130821
 
Filing
     
High efficient Light-Emitting Diode white Light modules
 
Mainland China
 
200810147165.6
 
Filing
     
High efficient Light-Emitting Diode white Light Devices and its Fabrication
 
Taiwan
 
097136455
 
Filing
     

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Appendix 2

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Annex 2

Certificates of the Registered Patents and Patent Application

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