**EXHIBIT 10.3**

**Dated        the 18**
**th**

**        day of September 2006**

**HARTCOURT        CAPITAL, INC.**

**and**

**GREAT        FOCUS HOLDINGS LIMITED**

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**THIS        AGREEMENT**

**BETWEEN:**

**HARTCOURT        CAPITAL, INC.**
**Vendor**

**GREAT        FOCUS HOLDINGS LIMITED **
**Purchaser**

**WHEREAS**
**:**

| 1. | As                  at the date of this Agreement, Besteffort Investments Limited (the                  “**Company**”)                  is a company with limited liability incorporated in the British                  Virgin                  Islands and has an authorized share capital of US$50,000 divided                  into                  50,000 shares of US$1.00 each, of which 10 shares have been issued                  and are                  fully paid or credited as fully paid. |
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| 2. | As                  at the date of this Agreement, Hartcourt is the registered and                  beneficial                  owner of 10 shares, representing 100% of the issued share capital                  of the                  Company. |
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| 3. | The                  Vendor has agreed to sell and the Purchaser has agreed to purchase                  the                  entire issued share capital of the Company. (the “**Sale                  Interests**”) |
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**THEREFORE,        IT IS HEREBY AGREED BY THE VENDOR AND THE PURCHASER AS        FOLLOWS:**

| **1.** | **INFORMATION                  ON THE COMPANY** |
|--------|-------------------------------------------------|

| 1.1 | The                  registration and incorporation documents of the Company, incl.                  the                  approvals from relevant BVI authorities; and |
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| 1.2 | All                  business licenses and seals of the Company; and |
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| 1.3 | All                  the operational, financial and legal documents since the Company’s                  incorporation, including the contracts, agreements or other related                  hereof                  that have been executed or not yet executed; and |
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| 1.4 | As                  at the date of this Agreement, the list of all the assets and liabilities                  of the Company, including existing and contingent assets, rights,                  liabilities and the status of the constraints of any rights that                  might                  have existed; and |
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| 1.5 | Any                  other documents of the Company that the Purchaser requires. |
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| **2.** | **REPRESENTATIONS                  AND WARRANTIES BY THE                  VENDOR** |
|--------|------------------------------------------------------------------------------------|

| 2.1 | The                  Company is duly incorporated and validly existing with limited                  liability                  and has obtained all the approvals and permits from relevant BVI                  authorities at its inception. The Vendor is the only registered                  and                  beneficial owner of the issued share capital of the Company; |
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| 2.2 | The                  Vendor has full rights, interests and controls in the 100% interest                  in the                  Company without any restrictions or constraints; |
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| 2.3 | The                  Vendor assures that no third-party interest has been put again                  the Sale                  Interests such as pledge, lien, etc., and no litigation, arbitration                  and                  conflicts or disputes in respect of the Sale Interests stand thereon; |
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| 2.4 | The                  list of assets and liabilities of the Company that the Vendor presents                  are                  real, complete and accurate, and as of the date of this Agreement,                  all the                  assets herein, including but not limit to all the inventories and                  other                  assets, etc. exist and are in the places as specified in the                  list; |
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| 2.5 | The                  Vendor guarantees that all the operational and financial documents                  of the                  Company that will be presented to the Purchaser, truly, completely                  and                  accurately reflect the business and financial results of the Company                  since                  its incorporation; |
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| 2.6 | The                  Vendor, by executing this Agreement, does not breach any contract                  or                  agreement signed with any other party, or any covenant with legal                  binding. |
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| **3** | **REPRESENTATIONS                  AND WARRANTIES BY THE                  PURCHASER** |
|-------|---------------------------------------------------------------------------------------|

| **4** | **EXECUTION                  DATE** |
|-------|-------------------------------------|

| **5** | **LIABILITIES                  OF THE COMPANY** |
|-------|-------------------------------------------------|

| 5.1 | Within                  30 business days upon execution of this Agreement, the Vendor shall                  rescind the employment contracts with all employees of the Company                  (except                  the employees that the Purchaser made in clear statement to retain),                  and                  the Company owned by the Purchaser after its fully control in the                  Company                  shall take no responsibility to hire any employee served for the                  Company                  before the execution of this                  Agreement; |
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| 5.2 | The                  Company owned by the Purchaser after its fully control in the Company                  shall take full responsibilities and liabilities of all assets                  and                  liabilities listed in the list of all assets and liabilities of                  the                  Company and existed before the Execution Date, which hereby was                  presented                  to the Purchaser by the Vendor. |
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| **6** | **RIGHTS                  AND OBLIGATIONS OF THE                  SHAREHOLDER** |
|-------|---------------------------------------------------------------------------------|

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| **7** | **CONSIDERATION** |
|-------|-------------------|

| 7.1 | The                  consideration for the sale and purchase of the Sale Interests shall                  be                  US$400,000 except otherwise agreed by both                  parties. |
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| 7.2 | The                  Purchaser shall credit to the account designated by the Vendor                  in full                  amount of the consideration within 45 business days upon execution                  of this                  Agreement. |
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| **8** | **CHANGE                  OF THE BOARD OF DIRECTORS** |
|-------|-------------------------------------------------------|

| 8.1 | Upon                  the execution of this Agreement, the Vendor shall present written                  resolution specifying the resignation of Yungeng Hu as the director                  of the                  Company; |
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| 8.2 | Upon                  the execution of this Agreement, the Purchase shall nominate the                  new                  directors of the Board of the                  Company. |
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| **9** | **REGISTRATION                  OF THE SALE AND PURCHASE OF THE SALE INTERESTS IN THE                  COMPANY** |
|-------|------------------------------------------------------------------------------------------------------------------|

| **10** | **HANDOVER                  OF THE BUSINESS OF THE                  COMPANY** |
|--------|-------------------------------------------------------------------------------|

| 10.1 | Upon                  the execution of this Agreement, the Vendor shall cease all the                  business                  activities of the Company except otherwise covenanted in this Agreement                  herein and the activities to maintain the continuance of the                  business; |
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| 10.2 | Before                  the completion of the handover, the Vendor has the obligations                  to maintain                  the assets of the Company to avoid the devaluation or damage to                  the                  assets; |
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| 10.3 | Within                  30 business days upon the execution of this Agreement, the Vendor                  and the                  Purchase shall complete the handover of the business of the Company.                  The                  Vendor shall guarantee the corporate secretary of the Company to                  handover                  all the documents to the Purchaser, including but not limit to                  financial                  and legal documents, business license, bank accounts and company                  seal,                  etc., and the Purchaser shall assign management staff to manage                  the                  business of the Company and has the obligations to assign staffs                  to assist                  the Vendor in completing all the aforesaid                  works. |
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| 10.4 | Before                  the completion of the handover, the Company shall cease all the                  financial                  expenditure except those for maintaining the continuance of the                  business. |
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| 10.5 | After                  the completion of the handover, the Purchaser shall take full                  responsibility to decide and bear all the financial expenditure                  of the                  Company. |
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| **11** | **BREACH                  OF THE AGREEMENT** |
|--------|----------------------------------------------|

| **12** | **EFFECTIVENESS** |
|--------|-------------------|

| 12.1 | This                  Agreement will be effective immediately upon duly signed by both                  parties; |
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| 12.2 | Any                  amendments to this Agreement shall be approved by both parties                  in written                  consent; |
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| **13** | **DISPUTE                  SETTLEMENT** |
|--------|-----------------------------------------|

| **14** | **MICELLANEOUS** |
|--------|------------------|

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**IN        WITNESS**

**SIGNED        **

**/S/          **

**HARTCOURT          CAPITAL, INC. **

**HARTCOURT        CAPITAL, INC. **

**SIGNED        **

**/S/          **

**GREAT          FOCUS HOLDINGS LIMITED**

**GREAT        FOCUS HOLDINGS LIMITED**