fs1a5ex10iv_soko.htm


     

    Exhibit
10.4

     

    SECURITIES
PURCHASE AGREEMENT

     

    This
Agreement (the "Agreement") is made as of the 11th day of April 2008 by and between Syed
Idris Husain (the "Seller"), and Liu Tong (the "Purchaser").

     

    W
I T N E S S E T H:

     

    WHEREAS,
the Seller is the owner of 1,000,000 shares of common stock, par value $.001 per
share ("Common Stock"), of American Business Holdings, Inc. (the "Company");
and

     

    WHEREAS,
the Seller desire to sell to the Purchaser, and the Purchaser desires to
purchase from the Seller, such shares of Common Stock (the "Shares"), on and
subject to the terms of this Agreement;

     

    WHEREFORE*
the parties hereto hereby agree as follows:

     

    1. Sale of the Shares.
Subject to the terms and conditions of this Agreement, and in reliance upon the
representations, warranties, covenants and agreements contained in this
Agreement, the Seller shall sell the Shares to the Purchaser, and the Purchaser
shall purchase the Shares from the Seller for a purchase price (the "Purchase
Price") equal to Three Hundred Thousand Dollars ($300,000).

     

    2. 
Closing.

     

    (a) The
purchase and sales of the Shares shall take place at a closing (the "Closing"),
to be
held at such date, time and place within the City of New York as shall be
determined by the Purchaser
on notice to the Seller.

     

    (b) At the Closing:

     

    (i)     The
Seller shall deliver to the Purchaser a certificate (or certificates) for the
Shares,
duly endorsed in form for transfer to the Purchaser and cancellation by the
Purchaser.

     

    (ii)    The
Purchaser shall pay to the Seller the Purchase Price for the
Shares.

     

    (c)
At and at
any time after the Closing, the parties shall duly execute, acknowledge and
deliver all such further assignments, conveyances, instruments and documents,
and shall take such other action consistent with the terms of this Agreement to
carry out the transactions contemplated by this Agreement.

     

    (d)
All
representations, covenants and warranties of the Purchaser and Seller contained
in this Agreement shall be true and correct on and as of the Closing Date with
the same effect as though the same had been made on and as of such
date.

     

    3. Representations and
Warranties of the Purchaser. The Purchaser hereby represents and warrants
to the Seller that Purchaser has the requisite power and authority to enter into
this Agreement and to consummate the transactions contemplated hereby and
otherwise to carry out its obligations hereunder. No consent, approval or
agreement of any individual or entity is required to be obtained by the
Purchaser in connection with the execution and performance by the Purchaser of
this Agreement or the execution and performance by the Purchaser of any
agreements, instruments or other obligations entered into in connection with
this Agreement.

     

    
      
        
        

      

      
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    4. Representations and
Warranties of the Seller. Seller hereby makes the following
representations and
warranties to the Purchaser, which may be relied on by any subsequent purchasers
of the Purchaser's
capital stock and their counseJ if such purchases take place as part of the next
direct or indirect
merger or similar transaction with an operating business that results in a
change of control of the Company:

     

    (a) Seller
initially acquired the Shares in private stock sales exempt from the
registration requirements of the Securities Act of 1933, as amended, by virtue
of Section 4(2) of the Commission thereunder, pursuant to Stock Purchase
Agreements by and between the Seller and the Company.

     

    (b) Seller
own the Shares free and clear of all any and all liens, claims, encumbrances,
preemptive rights, right of first refusal and adverse interests of any
kind.

     

    (c) Seller
have the requisite power and authority to enter into this Agreement and to
consummate the transactions contemplated hereby and otherwise to carry out
Seller's obligations hereunder. No consent, approval or agreement of any
individual or entity is required to be obtained by the Seller in connection with
the execution and performance by the Seller of this Agreement or the execution
and performance by the Seller of any agreements, instruments or other
obligations entered into in connection with this Agreement.

     

    (e) There is
no private or governmental action, suit, proceeding, claim, arbitration or
investigation pending before any agency, court or tribunal, foreign or domestic,
or, to the Seller's knowledge, threatened against the Seller or any of Seller's
properties. There is no judgment, decree or order against the Seller that could
prevent, enjoin, alter or delay any of the transactions contemplated by this
Agreement.

     

    (f) There are
no material claims, actions, suits, proceedings, inquiries, labor disputes or
investigations pending or, to the Seller's knowledge, threatened against the
Seller or any of its assets, at law or in equity or by or before any
governmental entity or in arbitration or mediation. No bankruptcy, receivership
or debtor relief proceedings are pending or, to the Seller's knowledge,
threatened against the Seller.

     

    (g) The
Seller has complied with, is not in violation of, and has not received any
notices of violation with respect to, any federal, state, local or foreign Law,
judgment, decree, injunction or order, applicable to it, the conduct of its
business, or the ownership or operation of its business. References in this
Agreement to "Laws'* shall refer to any laws, rules or regulations of any
federal, state or local government or any governmental or quasi-governmental
agency, bureau, commission, instrumentality or judicial body (including, without
limitation, any federal or state securities law, regulation, rule or
administrative order).

     

    5.          Finder's Fee. Seller
represents and warrants that no person is entitled to receive a finder's fee
from
Seller in connection with this Agreement as a result of any action taken by the
Purchaser or Seller pursuant
to this Agreement, and agrees to indemnify and hold harmless the other party,
its officers, directors
and affiliates, in the event of a breach of the representation and warranty set
forth in this Section
5. This representation and warranty shall survive the Closing,

     

    
      
        
        

      

      
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    6. Termination bv Mutual
Agreement. This Agreement may be terminated at any time by mutual consent
of the parties hereto, provided that such consent to terminate is in writing and
is signed by all of the parties hereto.

     

    7. Miscellaneous.

     

    (a) Entire Agreement.
This Agreement constitutes the entire agreement of the parties, superseding and
terminating any and all prior or contemporaneous oral and written agreements,
understandings or letters of intent between or among the patties with respect to
the subject matter of this Agreement. No part of this Agreement may be modified
or amended, nor may any right be waived, except by a written instrument which
expressly refers to this Agreement, states that it is a modification or
amendment of this Agreement and is signed by the parties to this Agreement, or,
in the case of waiver, by the party granting the waiver. No course of conduct or
dealing or trade usage or custom and no course of performance shall be relied on
or referred to by any party to contradict, explain or supplement any provision
of this Agreement, it being acknowledged by the parties to this Agreement that
this Agreement is intended to be, and is, the complete and exclusive statement
of the agreement with respect to its subject matter. Any waiver shall be limited
to the express terms thereof and shall not be construed as a waiver of any other
provisions or the same provisions at any other time or under any other
circumstances.

     

    (b) Severability. If any
section, term or provision of mis Agreement shall to any extent be held or
determined to be invalid or unenforceable, the remaining sections, terms and
provisions shall nevertheless continue in full force and effect.

     

    (c) Notices. AH notices
provided for in this Agreement shall be in writing signed by the party giving
such notice, and delivered personally or sent by overnight courier, mail or
messenger against receipt thereof or sent by registered or certified mail,
return receipt requested, or by facsimile transmission or similar means of
communication if receipt is confirmed or if transmission of such notice is
confirmed by mail as provided in this Section 7(c). Notices shall be deemed to
have been received on the date of personal delivery or telecopy or attempted
delivery. Notice shall be delivered to the parties at the following
addresses:

     

    If to the
Purchaser:

     

    Room C,
Rongyao Ship Full Building 8/F, No.26

    West
Shisan Dao Street, Daoli District

    Harbin,
Heilongjiang Province

    China

     

    If to
Seller:

     

    Syed
Idris Husain

    1223
Wilshire Blvd.

    Suite
851

    Santa
Monica, California 90403

     

    
      
        
        

      

      
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    With a
copy to:

     

    Anslow
& Jaclin, LLP

    Attn:
Eric Stein

    195 Route
9 South, Suite 204

    Manalapan,
New Jersey 07726

     

    Either
party may, by like notice, change the address, person or telecopier number to
which notice shall be sent.

     

    (d) Governing Law. This
Agreement shall be governed and construed in accordance with the laws of the
State of New York applicable to agreements executed and to be performed wholly
within such State, without regard to any principles of conflicts of law. Each of
the parties hereby irrevocably consents and agrees that any legal or equitable
action or proceeding arising under or in connection with this Agreement shall be
brought in the federal or state courts located in the County of New York in the
State of New York, by execution and delivery of this Agreement, irrevocably
submits to and accepts the jurisdiction of said courts, (iii) waives any defense
that such court is not a convenient forum, and (iv) consent to any service of
process made either (x) in the manner set forth in Section 10(c) of this
Agreement (other than by telecopier), or (y) any other method of service
permitted by law.

     

    (e) Waiver of Jury Trial.
EACH PARTY HEREBY EXPRESSLY WAIVES ANY RIGHT TO A TRIAL BY JURY IN THE EVENT OF
ANY SUIT, ACTION OR PROCEEDING TO ENFORCE THIS AGREEMENT OR ANY OTHER ACTION OR
PROCEEDING WHICH MAY ARISE OUT OF OR IN ANY WAY BE CONNECTED WITH THIS AGREEMENT
OR ANY OF THE OTHER DOCUMENTS.

     

    (f) Parties to Pay Own
Expenses. Each of the parties to this Agreement shall be responsible and
liable for its own expenses incurred in connection with the preparation of this
Agreement, the consummation of the transactions contemplated by this Agreement
and related expenses.

     

    (g) Successors. This
Agreement shall be binding upon the parties and their respective heirs,
executors, administrators, legal representatives, successors and assigns;
provided, however, that neither party may assign this Agreement or any of its
rights under this Agreement without the prior written consent of the other
party.

     

    (h) Further Assurances.
Each party to this Agreement agrees, without cost or expense to any
other party, to deliver or cause to be delivered such other documents and
instruments as may be reasonably
requested by any other party to this Agreement in order to carry out more fully
the provisions of, and
to consummate the transaction contemplated by, this Agreement.

     

    (i) 
Counterparts.
This Agreement may be executed simultaneously in two or more counterparts,
each of which shall be deemed an original but all of which together shall
constitute one and the
same instrument.

     

    (j)
No Strict
Construction. The language used in this Agreement will be deemed to be
the language chosen by the parties with the advice of counsel to express their
mutual intent, and no rules of strict construction will be applied against any
party.

     

    
      
        
        

      

      
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    (k) Headings. The headings in the
sections of this Agreement are inserted for convenience only and shall not
constitute a part of this Agreement.

     

    INWITNESS WHEREOF, the parties hereto have caused this Agreement
to be duly executed as of the date first above written

     

     

    

     

     

     

     

     

    
      
        
        

      

      
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