**SHAREEXCHANGE AGREEMENT**

 

 	THIS AGREEMENT made this 26th dayof August, 2011, between Cloud Data Corporation, a corporation organized under the laws of the state of Nevada (the “Seller”),it’s Stockholders (the “Selling Shareholders”); and Microelectronics Technology Company, a corporation organizedunder the laws of the state of Nevada, (the “Purchaser”).

 

**BACKGROUND**

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The Seller desires to exchange70,000,000 common shares in the capital stock of the Seller (the “Seller’sShares”), being all of the outstanding shares of the Seller that they hold inexchange for 70,000,000 shares of restricted common stock of the Purchaser (the “Restricted Shares”) convertible at$0.002 per share, in a share exchange, following which, the Seller will become a wholly-owned subsidiary of the Purchaser.

 

In consideration of themutual promises, covenants and representations contained herein, the parties herewith agree as follows:

 

**ARTICLE I**

**EXCHANGE OF SHARES**

 

**I.1	Purchase and Sale.**Subject tothe conditions and upon the terms hereinafter set forth, the Purchaser agrees to purchase and the Seller agrees to sell to thePurchaser all of their right, title and interest in and to the Seller’s Shares.

 

**I.2	Purchase Price.**The purchaseprice for the Sellers Shares will be paid by the Purchaser by issuing to the Seller’s a total of 70,000,000 Restricted Sharesof the Purchaser in proportion to each Selling Shareholders interest in the Seller as set out in Schedule 1 hereto. For purposesof this transaction the share price of $0.002 is being used to calculate the value of this acquisition.

 

**I.3	Closing.**The Closing of thistransaction will take place on August 26, 2011 (the “**Closing Date**”), or such other date as the Parties may agree.

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**I.4	Securities Law Exemptions and ResaleRestrictions.**The distribution of the Seller’s Shares to the Selling Shareholdersshall be made in reliance on the exemptions from the registration requirements of the United States *Securities Act of 1933*contained in Regulation S under the said act. The issuance of the Shares to Selling Shareholders resident in the United Statesof America shall be made in reliance on the exemptions from the registration requirements of the United States *Securities Actof 1933* contained in Rule 506 of Regulation D under the said act. 

 

**I.5	Board of Directors and Officers.**The****existing Director, President of the Seller will become the Director and President of the Purchaser.

 

**I.6	Name Change.	**The currentBoard of Directors will agree to make application for a name change within a reasonable period of time if requested by the Seller.

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**ARTICLE II**

**REPRESENTATIONS AND WARRANTIES OF THE SELLER**

 

The Seller and the SellingShareholders represent to the Purchaser the following:

 

**II.1	Organization.** The Seller isa corporation duly organized, validly existing, and in good standing under the laws of the state of Nevada, has all necessary legalpowers to own properties and carry on its business, and is duly qualified to do business and is in good standing in all relevantjurisdictions. All actions taken by the directors and/or shareholders of the Seller have been valid and in accordance with allapplicable laws.

 

**II.2	Capital.** The authorized sharecapital of the Seller consists of seventy five million (75,000,000) of common shares. As of the date hereof, 70,000,000 commonshares are issued and outstanding as fully paid and non-assessable common shares in the capital of the Seller Shares held by theSelling Shareholders as set forth in Schedule 1 hereto.

 

**II.3	Financial Statements.**The Sellerhas provided the Purchaser with financial statements that fairly present the financial position and the results of its operationsfor the periods indicated.

 

**II.4	Liabilities.** The Selling Shareholdersare not aware of any pending, threatened or asserted claims, lawsuits or contingencies involving the Seller, except those set forthin the financial statements. There is no dispute of any kind between the Seller and any third party, and no such dispute will existat the Closing of this Agreement.

 

**II.5	BindingAgreement.** This Agreement has been duly executed and delivered by the Seller and constitutes a valid and binding obligationon its part.

 

**II.6	Ability to Carry Out Obligations.** The Seller has the right, power, and authority to enter into and perform its obligations under this Agreement. The executionand delivery of this Agreement by the Seller and the performance by the Seller of its obligations hereunder will not cause, constitute,or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license,indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the Selleris a party or by which they may be bound, nor will any consents or authorizations of any party other than those hereto be required,(b) an event that would cause the Seller to be liable to any party, or (c) an event that would result in the creation or impositionof any lien, charge, or encumbrance on any asset of the Seller .

 

**II.7	Full Disclosure.** None of therepresentations and warranties made in this Agreement by the Seller contains or will contain any untrue statement of a materialfact or omit any material fact the omission of which would be misleading.

 

**II.8	Compliance with Laws.** The Sellerhas complied with all, and is not in violation of any, federal, state, or local statute, law, and regulation. Seller has compliedwith all federal and state securities laws in connection with the offer, sale and distribution of its securities.

 

**II.9	Litigation.** The Seller is nota party to any suit, action, arbitration, or legal, administrative, or other proceeding or pending governmental investigation,and there is no basis for any such action or proceeding, and no such action or proceeding is threatened against the Seller.

 

**II.10	Conduct of Business.** Priorto the Closing, the Seller shall not, without the consent of the Purchaser (i) amend its constating documents or Bylaws, (ii) issue,or enter into any agreements to issue, any securities of the Seller, including without limitation, shares, warrants, options, convertiblesecurities of or rights to purchase any securities of the Seller (iii) redeem, purchase or otherwise acquire or commit to acquireany shares in the capital of the Seller (iv) effect any subdivision, consolidation, or reclassification of any of the securitiesof the Seller (v) declare dividends or redeem or sell stock or other securities, except as part of completing its spin off transaction,(vi) incur any liabilities, (vii) acquire or dispose of any assets, enter into any contract, or guarantee obligations of any thirdparty, or (viii) enter into any other transaction.

 

**II.11	Truth of Representations.** Allof these representations shall be true as of the Closing and shall survive the Closing for a period of one year.

 

**II.12	No Bankruptcy.**No proceedingshave been taken, are pending or authorized by the Seller or by any other person in respect to the bankruptcy, insolvency, liquidation,dissolution or winding up of the Seller.

 

**II.13	Absence of Conflict.**The Selleris not a party to, bound or affected by any agreement which would be violated, breached or terminated by, or which would resultin creation or imposition of any Lien upon any of the Seller’s Shares as a consequence of the execution and delivery of thisAgreement or the consummation of the transactions contemplated in this Agreement. The Seller’s execution of this Agreementand the consummation of transactions contemplated herein do not and will not conflict with, or result in a breach of, or constitutea default under the terms or conditions of any constating documents or by-laws of the Seller, any court or administrative orderor process, any agreement or instrument to which the Seller is party or by which it is bound.

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**II.14	Taxes.**The Seller is not now and at the Closing Date will not be in arrears or in default in respect of the filing of any requiredfederal, state, provincial or municipal tax or other return, and to the best of the Seller’s knowledge, no such return containsany misstatement or conceals any statement that should have been included therein. The Seller has paid and will pay all taxes,filing fees and other assessments due and payable or collectable. The Seller has withheld and will withhold up to the Closing Datefrom each payment made to any employee the amount of all taxes (including but not limited to income tax) and other deductions requiredto be withheld therefrom and has paid or will pay such amounts to the proper tax or other receiving authority.

 

 

 

**ARTICLE III**

**REPRESENTATIONS AND WARRANTIES OF THE PURCHASER**

 

The Purchaser representsto the Seller and the Selling Shareholders the following:

 

**III.1	Organization.** The Purchaseris a corporation duly organized, validly existing, and in good standing under the laws of the state of Nevada, has all necessarycorporate powers to own properties and carry on a business, and is duly qualified to do business and is in good standing in allrelevant jurisdictions. All actions taken by the directors and/or shareholders of the Purchaser have been valid and in accordancewith all applicable laws.

 

**III.2	Capital.** The authorized sharecapital of the Purchaser consists of 200,000,000 common shares. As of the date hereof, 54,133,345 common shares are issued andoutstanding as fully paid and non-assessable common shares in the capital of the Purchaser. There are no outstanding agreements,warrants, options or rights, or rights not previously disclosed, capable of becoming an agreement for the purchase or issuanceof the Purchaser’s Shares, except as provided for in this Agreement.

**III.3	Financial Statements.**The Purchaserhas provided the Seller and the Selling Shareholders with access through links on its website to its Information Statement as filedwith the SEC, as posted at www.sec.gov, complete with financial statements that fairly present the financial position and the resultsof its operations for the periods indicated.

 

**III.4	Liabilities.**The Purchaseris not aware of any pending, threatened or asserted claims, lawsuits or contingencies involving the Purchaser, except those setforth in the financial statements. There is no dispute of any kind between the Purchaser and any third party, and no such disputewill exist at the Closing of this Agreement.

 

**III.5	Binding Agreement.**This Agreementhas been duly executed and delivered by the Purchaser and constitutes a valid and binding obligation on its part.

 

**III.6	Ability to Carry Out Obligations.**The Purchaser has the right, power, and authority to enter into and perform its obligations under this Agreement. The executionand delivery of this Agreement by the Purchaser and the performance by the Purchaser of its obligations hereunder will not cause,constitute, or conflict with or result in any breach or violation or any of the provisions of or constitute a default under anylicense, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to whichthe Purchaser is a party or by which they may be bound, nor will any consents or authorizations of any party other than those heretobe required.

 

**III.7	Full Disclosure.** None of therepresentations and warranties made in this Agreement by the Purchaser or on its behalf contains or will contain any untrue statementof a material fact or omit any material fact the omission of which would be misleading.

 

**III.8	Compliance with Laws.** The Purchaserhas complied with all, and is not in violation of any, federal, state, or local statute, law, and regulation. The Purchaser hascomplied with all federal and state securities laws in connection with the offer, sale and distribution of its securities.

 

**III.9	Litigation.** The Purchaser isnot a party to any suit, action, arbitration, or legal, administrative, or other proceeding or pending governmental investigation.To the best of the Purchaser’s knowledge, there is no basis for any such action or proceeding, and no such action or proceedingis threatened against the Purchaser. The Purchaser is not subject to or in default with respect to any order, writ, injunction,or decree of any federal, state, local, or foreign court, department, agency, or instrumentality.

 

**III.10	Conduct of Business.** Priorto the Closing, the Purchaser shall not, without the consent of the Selling Shareholders (i) amend its constating documents orBylaws, (ii) issue, or enter into any agreements to issue any securities of the Purchaser, including without limitation, shareswarrants, options, convertible securities of or rights to purchase any securities of the Purchaser (iii) redeem, purchase or otherwiseacquire or commit to acquire any shares in the capital of the Purchaser (iv) effect any subdivision, consolidation, or reclassificationof any of the securities of the Purchaser (v) declare dividends or redeem or sell stock or other securities, except as part ofcompleting its spin off transaction, (vi) incur any liabilities, (vii) acquire or dispose of any assets, enter into any contract,or guarantee obligations of any third party, or (viii) enter into any other transaction.

 

**III.11	Truth of Representations.**All of these representations shall be true as of the Closing and shall survive the Closing for a period of one year.

 

**III.12	No Bankruptcy.**No proceedingshave been taken, are pending or authorized by the Purchaser or by any other person in respect to the bankruptcy, insolvency, liquidation,dissolution or winding up of the Purchaser.

**III.13	Absence of Conflict.**The Purchaseris not a party to, bound or affected by any agreement which would be violated, breached or terminated by, or which would resultin creation or imposition of any Lien upon any of the Shares as a consequence of the execution and delivery of this Agreement orthe consummation of the transactions contemplated in this Agreement. The Purchaser’s execution of this Agreement and theconsummation of transactions contemplated herein do not and will not conflict with, or result in a breach of, or constitute a defaultunder the terms or conditions of any constating documents or by-laws of the Purchaser, any court or administrative order or process,any agreement or instrument to which the Purchaser is party or by which it is bound.

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**III.14	Taxes.**The Purchaser is not now and at the Closing Date will not be in arrears or in default in respect of the filing of anyrequired federal, state, provincial or municipal tax or other return, and to the best of the Purchaser’s knowledge, no suchreturn contains any misstatement or conceals any statement that should have been included therein. The Purchaser has paid and willpay all taxes, filing fees and other assessments due and payable or collectable. The Purchaser has withheld and will withhold upto the Closing Date from each payment made to any employee the amount of all taxes (including but not limited to income tax) andother deductions required to be withheld therefrom and has paid or will pay such amounts to the proper tax or other receiving authority.

 

**III.15	QuotationStatus.**The common shares of the Purchaser are quoted for trading on the OTC:PK under the symbol MELY.OTC: PK and no suspension of trading is in effect against the securities of the Purchaser thereon.The Purchaser is in good standing with said exchange and is not in default under anyof its rules, policies or by-laws (the fact of being listed on said exchange and the foregoing state of affairs being hereinafterknown as the “Quotation Status”).

 

 

**ARTICLE IV**

**REMEDIES**

 

**IV.1	Arbitration.** Any controversyor claim arising out of, or relating to, this Agreement, or the making, performance, or interpretation thereof, shall be settledby arbitration in Las Vegas, Nevada, in accordance with the Rules of the American Arbitration Association then existing, and judgmenton the arbitration award may be entered in any court having jurisdiction over the subject matter of the controversy.

 

**IV.2	Indemnification.** Each partyagrees to indemnify the other against all actual losses, damages and expenses caused by (i) any material breach of this Agreementor any material misrepresentation contained herein, or (ii) any misstatement of a material fact or omission to state a materialfact required to be stated herein or necessary to make the statements herein not misleading.

 

**IV.3	Other Remedies.** The foregoingindemnification provision is in addition to, and not derogation of, any statutory, equitable or common law remedy any party mayhave for breach of representation, warranty, covenant or agreement.

**ARTICLE V**

**CLOSING MATTERS**

 

**V.1	Date, Time and Place of Closing.**The closing will take place on the Closing Date at 1:00 p.m. (Pacific Standard Time) at 14 Monarch Bay Plaza, Monarch By CA92629, or such other location to be agreed upon between the Parties. 

 

**V.2	The Share Exchange.** On the ClosingDate:

 

(a)	The Purchaser will deliverto the Selling Shareholders, an aggregate of 70,000,000 fully paid and non-assessable Shares in the capital of the Purchaser, asdirected by the Seller, in proportion with each Selling Shareholder’s interest in the Seller as set out in Schedule 1 hereto;and

 

(b)	The Seller and the SellingShareholders will deliver to the Purchaser one (1) certificate, registered as directed by the Purchaser, for 70,000,000 fully paidand non-assessable Seller’s Shares all of the issued and outstanding shares of the Seller.

 

**V.3	Failure to Close.** If the shareexchange does not occur within 15 days of the Closing Date, or such earlier or later date as the Parties may agree, the Partiesagree to unwind the transaction and return all parties to the position that they were in prior to the transactions contemplatedherein.

 

 

**ARTICLE VI**

**MISCELLANEOUS**

 

**VI.1	Captions and Headings.** The articleand paragraph headings throughout this Agreement are for convenience and reference only, and shall in no way be deemed to define,limit, or add to the meaning of any provision of this Agreement.

 

**VI.2	No Oral Change.** This Agreementand any provision hereof may not be waived, changed, modified, or discharged orally but only by an agreement in writing signedby the party against whom enforcement of any waiver, change, modification, or discharge is sought.

 

**VI.3	Non Waiver.** Except as otherwiseexpressly provided herein, no waiver of any covenant, condition, or provision of this Agreement shall be deemed to have been madeunless expressly in writing and signed by the party against whom such waiver is charged; and (i) the failure of any party to insistin any one or more cases upon the performance of any of the provisions, covenants, or conditions of this Agreement or to exerciseany option herein contained shall not be construed as a waiver or relinquishment for the future of any such provisions, covenants,or conditions, (ii) the acceptance of performance of anything required by this Agreement to be performed with knowledge of thebreach or failure of a covenant, condition, or provision hereof shall not be deemed a waiver of such breach or failure, and (iii)no waiver by any party of one breach by another party shall be construed as a waiver with respect to any other or subsequent breach.

 

**VI.4	Entire Agreement.** This Agreement,including any and all attachments hereto, if any, contains the entire Agreement and understanding between the parties hereto andsupersedes all prior agreements and understandings, whether written or oral.

 

**VI.5	Counterparts.** This Agreementmay be executed simultaneously in one or more counterparts, each of which shall be deemed an original, but all of which togethershall constitute one and the same instrument. Facsimile signatures will be acceptable to all parties as originals.

 

**VI.6	Notices.** All notices, requests,demands, and other communications under this Agreement shall be in writing and shall be deemed to have been duly given on the dateof service if served personally on the party to whom notice is to be given, or on the third day after mailing if mailed to theparty to whom notice is to be given, by first class mail, registered or certified, postage prepaid, or on the second day if faxed,and properly addressed or faxed.

 

**VI.7	Binding Effect.** This Agreementshall inure to and be binding upon the heirs, executors, personal representatives, successors and assigns of each of the partiesto this Agreement.

 

**VI.8	Effect of Closing.** All representations,warranties, covenants, and agreements of the parties contained in this Agreement, or in any instrument, certificate, opinion, orother writing provided for in it, shall be true and correct as of the closing and shall survive the Closing of this Agreement fora period of one year.

 

**VI.9	Mutual Cooperation.** The partieshereto shall cooperate with each other to achieve the purpose of this Agreement, and shall execute such other and further documentsand take such other and further actions as may be necessary or convenient to effect the transaction described herein.

 

**VI.10	Counterpart Signatures.** ThisAgreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreementand shall become effective when counterparts have been signed by each party and delivered to the other party, it being understoodthat both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission, suchsignature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) thesame with the same force and effect as if such facsimile signature page were an original thereof.

 

**VI.11	Severability.** In case any oneor more of the provisions of this Agreement shall be invalid or unenforceable in any respect, the validity and enforceability ofthe remaining terms and provisions of this Agreement shall not in any way be affected or impaired thereby and the parties willattempt to agree upon a valid and enforceable provision which shall be a reasonable substitute therefore, and upon so agreeing,shall incorporate such substitute provision in this Agreement.

 

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In witnesswhereof, this Agreement has been duly executed by the parties hereto as of the date first above written.

 

 

MicroelectronicsTechnology Company. (“Purchaser”)

 

 

By:/s/ Edward Manetta

Name: Edward Manetta

 

Title: President

 

Date: August 26, 2011.

 

 

CLOUDDATA CORPORATION (“sELLER”)

 

By:/s/ Edward Manetta

Name: Edward Manetta

 

Title: President

 

Date: August 26, 2011.