AGREEMENT OF CONVEYANCE, TRANSFER
AND ASSIGNMENT OF ASSETS AND ASSUMPTION OF OBLIGATIONS


This Agreement of
Conveyance, Transfer and Assignment of Assets and Assumption of Obligations (“Transfer and Assumption Agreement”)
is made as of April 19, 2013, by Avante Systems, Inc., a Nevada corporation (“Assignor”), and Xu Hai Bo
and Ran Hong Dan (together “Assignee”).


 


WHEREAS, Assignor has been
engaged in the business of developing, manufacturing, and selling a cellular video camera specifically for use in schools, child/eldercare
facilities, and residences in Asia (the “Business”); and


 


WHEREAS, Assignor desires
to convey, transfer and assign to Assignee, and Assignee desires to acquire from Assignor, all of the assets of Assignor relating
to the operation of the Business, and in connection therewith, Assignee has agreed to assume all of the liabilities of Assignor
relating to the Business, on the terms and conditions set forth herein.


 


NOW THEREFORE, in
consideration of the mutual promises and agreements contained herein, the parties hereto, intending to be legally bound hereby,
agree as follows:


 


Section 1.Assignment.


 


1.1.Assignment
of Assets. For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by Assignor,
Assignor does hereby assign, grant, bargain, sell, convey, transfer and deliver to Assignee, and its successors and assigns, all
of Assignor’s right, title and interest in, to and under the assets, properties and business, of every kind and description,
wherever located, real, personal or mixed, tangible or intangible, owned, held or used in the conduct of the Business (the “Assets”),
including, but not limited to, the assets listed on Exhibit A hereto, and identified
in part by reference to Assignor’s most recent balance sheet filed with Securities and Exchange Commission (the “Balance
Sheet”). 


 


1.2Further Assurances.
Assignor shall from time to time after the date hereof at the request of Assignee and without further consideration execute and
deliver to Assignee such additional instruments of transfer and assignment, including without limitation any bills of sale, assignments
of leases, deeds, and other recordable instruments of assignment, transfer and conveyance, in addition to this Transfer and Assumption
Agreement, as Assignee shall reasonably request to evidence more fully the assignment by Assignor to Assignee of the Assets.


 


Section 2.
Assumption and Cancellation of Shares.


 


2.1Assumed Liabilities.
As of the date hereof, Assignee hereby assumes and agrees to pay, perform and discharge, fully and completely, (i) all
liabilities, commitments, contracts, agreements, obligations or other claims against Assignor, whether known or unknown,
asserted or unasserted, accrued or unaccrued, absolute or contingent, liquidated or unliquidated, due or to become due, and whether
contractual, statutory, or otherwise associated with the Business (the “Liabilities”),
including, but not limited to, the Liabilities listed on Exhibit B, and identified in part by reference to the Balance Sheet.


 


2.2.Cancellation
of Shares. Assignee further agrees to cancel the 1,275,000 shares held by Xu Hai Bo and Ran Hong Dan in Assignor.



 


2.3Further Assurances.
Assignee shall from time to time after the date hereof at the request of Assignor and without further consideration execute and
deliver to Assignor such additional instruments of assumption in addition to this Transfer and Assumption Agreement as Assignor
shall reasonably request to evidence more fully the assumption by Assignee of the Liabilities.


 


Section 3.
Headings. The
descriptive headings contained in this Transfer and Assumption Agreement are for convenience of reference only and shall not affect
in any way the meaning or interpretation of this Transfer and Assumption Agreement.


 


Section 4.Governing
Law. This Transfer
and Assumption Agreement shall be governed by and construed in accordance with the laws of the State of Nevada applicable to contracts
made and to be performed entirely within that state, except that any conveyances of leaseholds and real property made herein shall
be governed by the laws of the respective jurisdictions in which such property is located.


 


[The remainder of this page is blank
intentionally.]




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IN WITNESS WHEREOF,
this Transfer and Assumption Agreement has been duly executed and delivered by the parties hereto as of the date first above written.


 


AVANTE
SYSTEMS, INC.


 


 By: /s/ Yuen Hong Sezto


Yuen Hong Sezto


President


 


 


/s/ Xu Hai Bo


Xu Hai Bo


  


 


/s/ Ran Hong Dan


Ran Hong Dan 


 




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Exhibit A


 


(a)                
All of the equipment, computers, servers, hardware, appliances, implements, and all other
tangible personal property that are owned by Assignor and have been used in the conduct of the Business;


(b)                
all inventory associated with the Business;


(c)                
all real property and real property leases to which Assignor is a party, and which affect
the Business or the Assets;


(d)                
all contracts to which Assignor is a party, or which affect the Business or the Assets, including
leases of personal property; 


(e)                
all rights, claims and causes of action against third parties resulting from or relating to
the operation of the Business or the Assets, including without limitation, any rights, claims and causes of action arising under
warranties from vendors and other third parties;


(f)                 
all governmental licenses, permits, authorizations, consents or approvals affecting or relating
to the Business or the Assets;


(g)                
all accounts receivable, notes receivable, prepaid expenses and insurance and indemnity claims
to the extent related to any of the Assets or the Business;


(h)                
all goodwill associated with the Assets and the Business;


(i)                  
all business records, regardless of the medium of storage, relating to the Assets and/or the
Business, including without limitation, all schematics, drawings, customer data, subscriber lists, statistics, promotional graphics,
original art work, mats, plates, negatives, accounting and financial information concerning the Assets or Business;


(j)                  Assignor’s
right to use the name “Aviation Surveillance Systems,” “Avante Systems Parties” and all other names
used in conducting the Business, and all derivations thereof, in connection with Assignee’s future conduct of the
Business; 


(k)                
all internet domain names and URLs of the Business, software, inventions, art works, patents,
patent applications, processes, shop rights, formulas, brand names, trade secrets, know-how, service marks, trade names, trademarks,
trademark applications, copyrights, source and object codes, customer lists, drawings, ideas, algorithms, processes, computer software
programs or applications (in code and object code form), tangible or intangible proprietary information and any other intellectual
property and similar items and related rights owned by or licensed to Assignor used in the Business, together with any goodwill
associated therewith and all rights of action on account of past, present and future unauthorized use or infringement thereof;
and


(l)                  
all other privileges, rights, interests, properties and assets of whatever nature and wherever
located that are owned, used or intended for use in connection with, or that are necessary to the continued conduct of, the Business
as presently conducted or planned to be conducted.




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Exhibit
B 


(a)                
All liabilities in respect of indebtedness of Assignor related to the Business;


(b)                
product liability and warranty claims relating to any product or service of Assignor associated
with the Business;


(c)                
taxes, duties, levies, assessments and other such charges, including any penalties, interests
and fines with respect thereto, payable by Assignor to any federal, provincial, municipal or other government, domestic or foreign,
incurred in the conduct of the Business;


(d)                
liabilities for salary, bonus, vacation pay, severance payments damages for wrongful dismissal,
or other compensation or benefits relating to Assignor’s employees employed in the conduct of the Business;


(e)                
any liability or claim for liability (whether in contract, in tort or otherwise, and whether
or not successful) related to any lawsuit or threatened lawsuit or claim (including any claim for breach or non-performance of
any contract) based upon actions, omissions or events relating to the Business; and


(f)                 
any liability, ongoing duty or obligation, or any claim for liability or performance of any
ongoing duty or obligation arising under any and all contracts to which Assignor is a party, or which affect the Business or the
Assets.



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