Tradeon, Inc. - Exhibit 10.1 - Filed by newsfilecorp.com






Exhibit 10.1

STOCK PURCHASE AGREEMENT 

STOCK PURCHASE AGREEMENT, dated as of May 10, 2010 (this
“Agreement”), by and among the Tradeon, Inc., a Nevada Corporation (the
“Company”), Amit Sachs and Moshe Basson (each a “Seller” and collectively, the
“Sellers”) and Haifeng Lu (the “Purchaser”). The Company, each Seller and the
Purchaser are referred to herein as a “Party” and collectively, as the
“Parties”. 

BACKGROUND 

The Sellers are collectively the owners of approximately
4,000,000 shares of the common stock of the Company. Sellers intend to sell and
Purchaser intend to purchase 4,000,000 of said shares (the “Seller Shares”).
Each Seller desires to sell the number of shares set forth opposite his name on
Schedule A. The Seller Shares represent approximately 58.87% of the
issued and outstanding capital stock of the Company as of the date hereof
calculated on a fully-diluted basis. The Purchaser desire to purchase all of the
Seller Shares.

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and the
mutual promises and covenants herein contained, the Company, the Sellers and the
Purchaser hereby agree as follows: 

1. Purchase and Sale. 

Each Seller shall sell, transfer, convey and deliver unto the
Purchaser the number of Seller Shares set forth opposite each such Seller's name
on Schedule A to this Agreement, and the Purchaser shall acquire and
purchase from the Sellers the Seller Shares. 

2. Purchase Price. 

(a) General. The purchase price (the “Purchase Price”)
for the Seller Shares, in the aggregate, is Fifty Thousand Dollars ($50,000)
payable as specified in this Section 2 subject to the other terms and conditions
of this Agreement. 

(b) Payment at Closing. At the Closing, the Purchaser
shall pay to the Sellers the Purchase Price (less the amount of any cash
deposit). 

(c) Adjustment for Outstanding Liabilities. In the event
that the Company shall have any liability (whether known or unknown, whether
asserted or unasserted, whether absolute or contingent, whether accrued or
unaccrued, whether liquidated or unliquidated, and whether due or to become
due), including any liability for taxes (“Liability”), as of the Closing, the
portion of the Purchase Price payable at the Closing shall be reduced on a
dollar for dollar basis by the amount of such Liability. 

3. The Closing. 

(a) General. The closing of the transactions
contemplated by this Agreement (the “Closing”) shall take place by exchange of
documents among the Parties by fax or email, as appropriate, following the
satisfaction or waiver of all conditions to the obligations of the Parties to
consummate the transactions contemplated hereby (other than conditions with
respect to actions the respective Parties will take at the Closing itself) not
later than May 30, 2010 or such other date as the Purchaser and the Sellers may
mutually determine (the “Closing Date”). 

(b) Delivery of Certificates in Escrow. Each Seller is
delivering certificates (the “Certificates”) evidencing all of the Seller Shares
held by such Seller to W. L. Macdonald Law Corporation (“Law Firm”) on the date
hereof. The Purchaser has heretofore delivered the Purchase Price with the Law
Firm. The Law Firm shall hold the Certificates and Purchase Price in escrow. The
Certificates will be held in escrow until the Closing at which time the Law Firm
shall deliver the Certificates to the Purchaser against delivery to
the Sellers of the Purchase Price and the Purchase Price due at Closing. 




(c) Deliveries at the Closing. At the Closing: (i) the
Sellers shall deliver to the Purchaser the various certificates, instruments,
and documents referred to in Section 9(a) below, (ii) the Purchaser shall
deliver to the Sellers the various certificates, instruments, and documents
referred to in Section 9(b) below, (iii) the Sellers shall deliver to the
Purchaser the Certificates, endorsed in blank or accompanied by duly executed
assignment documents and including a Medallion Guarantee, including delivery by
releasing the Certificates from escrow, and (iv) the Purchaser shall deliver to
the Sellers the Purchase Price. 

4. Representations and Warranties of the Sellers. 

Each Seller jointly and severally represents and warrants to
the Purchaser that the statements contained in this Section 4 are correct and
complete as of the date of this Agreement and will be correct and complete as of
the Closing Date (as though made then and as though the Closing Date were
substituted for the date of this Agreement throughout this Section 4). 

(a) Each Seller has the power and authority to execute, deliver
and perform such Seller's obligations under this Agreement and to sell, assign,
transfer and deliver to the Purchaser the Seller Shares as contemplated hereby.
No permit, consent, approval or authorization of, or declaration, filing or
registration with any governmental or regulatory authority or consent of any
third party is required in connection with the execution and delivery any Seller
of this Agreement and the consummation of the transactions contemplated hereby.


(b) Neither the execution and delivery of this Agreement, nor
the consummation of the transactions contemplated hereby or compliance with the
terms and conditions hereof by the Sellers will violate or result in a breach of
any term or provision of any agreement to which any Seller is bound or is a
party, or be in conflict with or constitute a default under, or cause the
acceleration of the maturity of any obligation of any Seller under any existing
agreement or violate any order, writ, injunction, decree, statute, rule or
regulation applicable to any Seller or any properties or assets of any Seller.


(c) This Agreement has been duly and validly executed by each
Seller, and constitutes the valid and binding obligation of each Seller and the
Company, enforceable against each Seller and the Company in accordance with its
terms, except as enforceability may be limited by bankruptcy, insolvency or
other laws affecting creditors' rights generally or by limitations, on the
availability of equitable remedies. 

(d) The Seller Shares are owned beneficially and of record by
each Seller in the amounts specified on Schedule A and are validly issued and
outstanding, fully paid for and non-assessable with no personal liability
attaching to the ownership thereof. Each Seller owns the number of Seller Shares
set forth opposite such Seller's name on Schedule A free and clear of all liens,
charges, security interests, encumbrances, claims of others, options, warrants,
purchase rights, contracts, commitments, equities or other claims or demands of
any kind (collectively, “Liens”), and upon delivery of the Seller Shares to the
Purchaser, the Purchaser will acquire good, valid and marketable title thereto
free and clear of all Liens. No Seller is a party to any option, warrant,
purchase right, or other contract or commitment that could require the Seller to
sell, transfer, or otherwise dispose of any capital stock of the Company (other
than pursuant to this Agreement). No Seller is a party to any voting trust,
proxy, or other agreement or understanding with respect to the voting of any
capital stock of the Company. The dates of acquisition of the Seller Shares as
specified on Schedule A is true and correct. 

(e) The Company is a corporation in good standing duly
incorporated in the State of Nevada. The Company is duly authorized to conduct
business and is in good standing under the laws of each jurisdiction where such
qualification is required. The Company has full corporate power and authority
and all licenses, permits, and authorizations necessary to carry on its
business. The Company has no subsidiaries and does not control any other
subsidiaries, directly or indirectly, or have any direct or indirect equity
participation in any other entity. 




(f) Neither the execution and delivery of this Agreement, nor
the consummation of the transactions contemplated hereby or compliance with the
terms and conditions hereof by the Company will violate or result in a breach of
any term or provision of any agreement to which the Company is bound or is a
party, or the Company's Certificate of Incorporation or By-Laws, or be in
conflict with or constitute a default under, or cause the acceleration of the
maturity of any obligation of the Company under any existing agreement or
violate any order, writ, injunction, decree, statute, rule or regulation
applicable to the Company or any of its properties or assets. 

(g) This Agreement has been duly and validly executed by the
Company and constitutes the valid and binding obligation of the Company,
enforceable against it in accordance with its terms, except as enforceability
may be limited by bankruptcy, insolvency or other laws affecting creditors'
rights generally or by limitations, on the availability of equitable remedies.


(h) The Company's authorized capital stock, as of the date of
this Agreement and as of the Closing, consists of 100,000,000 shares of Common
Stock, $0.0001 par value per share, of which 6,794,880 shares are issued and
outstanding, and 50,000,000 shares of Preferred Stock, $0.0001 par value per
share, of which no shares are issued and outstanding. The Company has not
reserved any shares of its Common Stock for issuance upon the exercise of
options, warrants or any other securities that are exercisable or exchangeable
for, or convertible into, Common Stock. All of the issued and outstanding shares
of Common Stock are validly issued, fully paid and non-assessable and have been
issued in compliance with applicable laws, including, without limitation,
applicable federal and state securities laws. There are no outstanding options,
warrants or other rights of any kind to acquire any additional shares of capital
stock of the Company or securities exercisable or exchangeable for, or
convertible into, capital stock of the Company, nor is the Company committed to
issue any such option, warrant, right or security. There are no agreements
relating to the voting, purchase or sale of capital stock (i) between or among
the Company and any of its stockholders, (ii) between or among any Seller and
any third party, or (iii) to the best knowledge of the Sellers between or among
any of the Company's stockholders. The Company is not a party to any agreement
granting any stockholder of the Company the right to cause the Company to
register shares of the capital stock of the Company held by such stockholder
under the Securities Act. The stockholder list provided to the Purchaser is a
current shareholder list generated by its transfer agent, and such list
accurately reflects all of the issued and outstanding shares of the Company's
Common Stock. 

(i) As of the date hereof the Company has total Liabilities of
$540, which Liabilities will be paid off at or prior to the Closing and shall in
no event become the Liability of the Purchaser or remain the Liabilities of the
Company following the Closing. 

(j) There is no legal, administrative, investigatory,
regulatory or similar action, suit, claim or proceeding which is pending or, to
any Seller's knowledge, threatened against the Company. 

(k) The Company has at least one market maker for its common
shares and such market makers have obtained all permits and made all filings
necessary in order for such market makers to continue as market makers of the
Company. 




(l) During the period from its inception through December 31,
2009, the Company has filed or furnished (i) all reports, schedules, forms,
statements, prospectuses and other documents required to be filed with, or
furnished to, the Securities and Exchange Commission (the “SEC”) by the Company
(all such documents, as amended or supplemented, are referred to collectively
as, the “Company SEC Documents”) and (ii) all certifications and statements
required by (x) Rule 13a-14 or 15d-14 under the Exchange Act, or (y) 18 U.S.C.
§1350 (Section 906 of the Sarbanes-Oxley act of 2002) with respect to any
applicable Company SEC Document (collectively, the “SOX Certifications”). The
Company has made available to the Purchaser all SOX Certifications and comment
letters received by the Company from the staff of the SEC and all responses to
such comment letters by or on behalf of the Company. Through December 31, 2009,
the Company complied in all respects with its SEC filing obligations under the
Exchange Act and the Securities Act. Each of the audited financial statements
and related schedules and notes thereto and unaudited interim financial
statements of the Company (collectively, the “Company Financial Statements”)
contained in the Company SEC Documents (or incorporated therein by reference)
were prepared in accordance with United States generally accepted accounting
principles applied on a consistent basis (“GAAP”) (except in the case of interim
unaudited financial statements) except as noted therein, and fairly present in all
respects the consolidated financial position of the Company and its consolidated
subsidiaries as of the dates thereof and the consolidated results of their
operations, cash flows and changes in stockholders' equity for the periods then
ended, subject (in the case of interim unaudited financial statements) to normal
year-end audit adjustments (the effect of which will not, individually or in the
aggregate, be adverse) and, such financial statements complied as to form as of
their respective dates in all respects with applicable rules and regulations of
the SEC. The financial statements referred to herein reflect the consistent
application of such accounting principles throughout the periods involved,
except as disclosed in the notes to such financial statements. No financial
statements of any Person not already included in such financial statements are
required by GAAP to be included in the consolidated financial statements of the
Company. As of their respective dates, each the Company SEC Document was
prepared in accordance with and complied with the requirements of the Securities
Act or the Exchange Act, as applicable, and the rules and regulations
thereunder, and the Company SEC Documents (including all financial statements
included therein and all exhibits and schedules thereto and all documents
incorporated by reference therein) did not, as of the date of effectiveness in
the case of a registration statement, the date of mailing in the case of a proxy
or information statement and the date of filing in the case of other the Company
SEC Documents, contain any untrue statement of a fact or omit to state a fact
required to be stated therein or necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading.
Neither the Company nor, to the Company's knowledge, any of its officers has
received notice from the SEC or any other governmental authority questioning or
challenging the accuracy, completeness, content, form or manner of filing or
furnishing of the SOX Certifications. 

(m) The Company has properly and timely filed all federal,
state and local tax returns and has paid all taxes, assessments and penalties
due and payable. All such tax returns were complete and correct in all respects
as filed, and no claims have been assessed with respect to such returns. There
are no present, pending, or threatened audit, investigations, assessments or
disputes as to taxes of any nature payable by the Company or any of its
subsidiaries, nor any tax liens whether existing or inchoate on any of the
assets of the Company or any of its subsidiaries, except for current year taxes
not presently due and payable. No IRS or foreign, state, county or local tax
audit is currently in progress. Neither the Company nor any of its subsidiaries
has waived the expiration of the statute of limitations with respect to any
taxes. There are no outstanding requests by the Company or any of its
Subsidiaries for any extension of time within which to file any tax return or to
pay taxes shown to be due on any tax return. 

(n) The Company maintains limited operations and does not
employ any employees and does not maintain any employee benefit or stock option
plans. 

(o) Since April 30, 2009, there has not been any event or
condition of any character which has adversely affected, or may be expected to
adversely affect, the Company's business or prospects, including, but not
limited to any adverse change in the condition, assets, liabilities (existing or
contingent) or business of the Company from that shown in the financial
statements of the Company included in its quarterly report on Form 10-Q filed
for the quarter ended April 30, 2009. 

(p) The Company has complied in all material respects with all
applicable laws (including rules, regulations, codes, plans, injunctions,
judgments, orders, decrees, rulings, and charges thereunder) of all governmental
authorities, and no action, suit, proceeding, hearing, investigation, charge,
complaint, claim, demand, or notice has been filed or commenced against the
Company alleging any failure so to comply. To the knowledge of any Seller,
neither the Company, nor any officer, director, employee, consultant or agent of
the Company has made, directly or indirectly, any payment or promise to pay, or
gift or promise to give or authorized such a promise or gift, of any money or
anything of value, directly or indirectly, to any governmental official,
customer or supplier for the purpose of influencing any official act or decision
of such official, customer or supplier or inducing him, her or it to use his,
her or its influence to affect any act or decision of a governmental authority
or customer, under circumstances which could subject the Company or any
officers, directors, employees or consultants of the Company to administrative
or criminal penalties or sanctions. 

 




(q) No representation or warranty by the Company in this
Agreement, nor in any certificate, schedule or exhibit delivered or to be
delivered pursuant to this Agreement contains or will contain any untrue
statement of material fact, or omits or will omit to state a material fact necessary to
make the statements herein or therein, in light of the circumstances under which
they were made, not misleading.

(r) The Company's securities are eligible for deposit at the
Depository Trust Company (DTC). 

5. Representations and Warranties of the Purchaser. 

The Purchaser represents and warrants to the Sellers as
follows: 

(a) The Purchaser has full power and authority to enter into
this Agreement and to carry out the transactions contemplated hereby. This
Agreement constitutes a valid and binding obligation of the Purchaser
enforceable in accordance with its terms, except as (i) the enforceability
hereof may be limited by bankruptcy, insolvency or similar laws affecting the
enforceability of creditor's rights generally and (ii) the availability of
equitable remedies may be limited by equitable principles of general
applicability. 

(b) Neither the execution and delivery of this Agreement nor
the consummation of the transactions contemplated hereby, nor compliance by any
Purchaser with any of the provisions hereof will: violate, or conflict with, or
result in a breach of any provision of, or constitute a default (or an event
which, with notice or lapse of time or both, would constitute a default) under,
or result in the termination of, or accelerate the performance required by, or
result in the creation of any Lien upon any of the properties or assets of
Purchaser under any of the terms, conditions or provisions of any material note,
bond, indenture, mortgage, deed or trust, license, lease, agreement or other
instrument or obligation to which he is a party or by which he or any of his
properties or assets may be bound or affected, except for such violations,
conflicts, breaches or defaults as do not have, in the aggregate, any material
adverse effect; or violate any material order, writ, injunction, decree,
statute, rule or regulation applicable to Purchaser or any of its properties or
assets, except for such violations which do not have, in the aggregate, any
material adverse effect. 

(c) The Purchaser is acquiring the Seller Shares for his own
account for investment and not for the account of any other person and not with
a view to or for distribution, assignment or resale in connection with any
distribution within the meaning of the Securities Act. The Purchaser agrees not
to sell or otherwise transfer the Seller Shares unless they are registered under
the Securities Act and any applicable state securities laws, or an exemption or
exemptions from such registration are available. The Purchaser has knowledge and
experience in financial and business matters such that it is capable of
evaluating the merits and risks of acquiring the Seller Shares. 

(d) No permit, consent, approval or authorization of, or
declaration, filing or registration with any governmental or regulatory
authority or the consent of any third party is required in connection with the
execution and delivery by Purchaser of this Agreement and the consummation of
the transactions contemplated hereby. 

6. Due Diligence. 

Prior to the Closing, the Purchaser will conduct a due
diligence investigation relative to the Company and the representations,
warranties and covenants of the Sellers and the Company. Sellers and the Company
agree to provide the Purchaser and its agents and representatives with any and
all due diligence documents reasonably requested, including but not limited to
financial statements and evidence of the Company's good standing in all
jurisdictions where it is authorized to do business. Purchaser shall have the
right, in its sole discretion, to terminate this Purchase Agreement at any time
prior to the Closing, without any liability therefor, should it determine that
any representation, warranty or covenant of any Seller or the Company is untrue,
misleading or cannot be verified through the due diligence process or if the
Purchaser determine, in their sole discretion that the Company is unsuitable for
use as a vehicle for a reverse acquisition transaction. 

7. Pre-Closing Covenants. 

The Parties agree as follows with respect to the period between
the execution of this Agreement and the Closing. 




(a) General. Each of the Parties will use his or its
best efforts to take all action and to do all things necessary, proper, or
advisable in order to consummate and make effective the transactions
contemplated by this Agreement (including satisfaction, but not waiver, of the
closing conditions set forth in Section 9 below). 

(b) Notices and Consents. The Sellers will cause the
Company to give any notices to third parties, and will cause the Company to use
its best efforts to obtain any third party consents, that the Purchaser may
reasonably request. Each of the Parties will (and the Sellers will cause the
Company to) give any notices to, make any filings with, and use its best efforts
to obtain any authorizations, consents, and approvals of governmental
authorities necessary in order to consummate the transactions contemplated
hereby. The parties acknowledge that SEC Rule 14f-1 under the Securities
Exchange Act requires that an information statement containing certain specified
disclosures be filed with the Securities and Exchange Commission and mailed to
the Company's shareholders at least 10 days before any person designated by the
Purchaser can become a director of the Company. The Purchaser and the Sellers
agree to cooperate fully with the Company in the preparation and filing of such
information statement and to provide all information therefor respectively
needed from them in a timely manner, so as not to cause undue delay in the
filing of the information statement or any amendment thereto. Otherwise, neither
the Company nor any Seller is aware of any third party consent nor other filing
or notice to third parties that is necessary in respect of this Agreement. 

(c) Operation of Business. The Seller will not cause or
permit the Company to engage in any practice, take any action, or enter into any
transaction except for ministerial matters necessary to maintain the Company in
good standing and to arrange for the filing of all necessary reports required
under the Securities Exchange Act to make the Company a reporting company.
Without limiting the generality of the foregoing, the Sellers will not cause or
permit the Company to (i) declare, set aside, or pay any dividend or make any
distribution with respect to its capital stock or redeem, purchase, or otherwise
acquire any of its capital stock except as otherwise expressly specified herein,
(ii) issue, sell, or otherwise dispose of any of its capital stock, or grant any
options, warrants, preemptive or other rights to purchase or obtain (including
upon conversion, exchange, or exercise) any of its capital stock, (iii) make any
capital expenditures, loans, or incur any other obligations or liabilities, (iv)
enter into any agreements involving expenditures individually, or in the
aggregate, of more than $1,000 (other than agreements for professional services
which will be paid in full at or prior to the Closing), (v) enter into any
agreement or incur any other commitment or (vi) otherwise engage in any
practice, take any action, or enter into any transaction that is inconsistent
with the transactions contemplated hereby. 

(d) Preservation of Business. The Sellers will cause the
Company to keep its business and properties substantially intact. 

(e) Notice of Developments. The Sellers will give prompt
written notice to the Purchaser of any material adverse development causing a
breach of any of the representations and warranties in Section 4 above. No
disclosure by any Party pursuant to this Section, however, shall be deemed to
amend or supplement the disclosures contained in the Schedules hereto or to
prevent or cure any misrepresentation, breach of warranty, or breach of
covenant.

(f) Form 10-Q for the Period Ended April 30, 2010.
Sellers shall cause to be filed the Company's Form 10-Q for the period ended
April 30, 2010 at their expense. 

(g) Exclusivity. None of the Sellers or the Company
shall, directly or indirectly, (i) solicit, initiate, or encourage the
submission of any proposal or offer from any person relating to the acquisition
of the Seller Shares or any capital stock or other voting securities, or any
assets (including any acquisition structured as a merger, consolidation, or
share exchange) of the Company or (ii) participate in any discussions or
negotiations regarding, furnish any information with respect to, assist or
participate in, or facilitate in any other manner any effort or attempt by any
person to do or seek any of the foregoing. None of the Sellers will vote the
shares of the Company's Common Stock held by them in favor of any such
acquisition structured as a merger, consolidation, or share exchange. The
Sellers shall notify the Purchaser immediately if any person makes any proposal,
offer, inquiry, or contact with respect to any of the foregoing. 

 




8. Post-Closing Covenants. The Parties agree as follows with
respect to the period following the Closing. 

(a) General. In case at any time after the Closing any
further action is necessary or desirable to carry out the purposes of this
Agreement, each of the Parties will take such further action (including the
execution and delivery of such further instruments and documents) as any other
Party may reasonably request, all at the sole cost and expense of the requesting
Party (unless the requesting Party is entitled to indemnification therefor under
Section 10 below). The Sellers acknowledge and agree that from and after the
Closing the Purchaser will be entitled to possession of all documents, books,
records (including tax records), agreements, and financial data of any sort
relating to the Company. 

(b) Litigation Support. In the event and for so long as
any Party actively is contesting or defending against any action, suit,
proceeding, hearing, investigation, charge, complaint, claim, or demand in
connection with (i) any transaction contemplated under this Agreement or (ii)
any fact, situation, circumstance, status, condition, activity, practice, plan,
occurrence, event, incident, action, failure to act, or transaction on or prior
to the Closing Date involving the Company, the other Party will cooperate with
him or it and his or its counsel in the contest or defense, make available their
personnel, and provide such testimony and access to their books and records as
shall be necessary in connection with the contest or defense, all at the sole
cost and expense of the contesting or defending Party (unless the contesting or
defending Party is entitled to indemnification therefor under Section 10 below).


9. Conditions to Obligation to Close. 

(a) Conditions to Obligation of the Purchaser. 

The obligation of the Purchaser to consummate the transactions
to be performed by the Purchaser in connection with the Closing are subject to
satisfaction of the following conditions: 

(i) the representations and warranties
set forth in Section 5 above shall be true and correct in all material respects
at and as of the Closing Date; 

(ii) the Sellers shall have performed
and complied with all of their covenants hereunder in all material respects
through the Closing; 

(iii) the Company shall have procured
all of the third party consents required in order to effect the Closing; 

(iv) no action, suit, or
proceeding shall be pending or threatened before any court or quasi-judicial or
administrative agency of any federal, state, local, or foreign jurisdiction or
before any arbitrator wherein an unfavorable injunction, judgment, order,
decree, ruling, or charge would (A) prevent consummation of any of the
transactions contemplated by this Agreement, (B) cause any of the transactions
contemplated by this Agreement to be rescinded following consummation, (C)
affect adversely the right of the Purchaser to own the Seller Shares and to
control the Company, or (D) affect adversely the right of the Company to own its
assets and to operate its businesses (and no such injunction, judgment, order,
decree, ruling, or charge shall be in effect); 

(v) the Sellers shall have
delivered to the Purchaser a certificate to the effect that (A) each of the
conditions specified above in Section 9(a)(i)-(iv) is satisfied in all respects,
and (B) as of the Closing, the Company has no Liabilities; 

(vi) The Purchaser shall have received
an opinion of counsel to the Sellers providing that all of the Seller Shares
were validly issued, are fully paid and non-assessable and were issued in
compliance with all laws, including, without limitation, applicable federal and
state securities laws; 

(vii) the Purchaser shall have
received the resignations, effective as of the tenth (10th) day following the
filing by the Company of a Schedule 14f-1 information statement with the
Securities and Exchange Commission, of each director of the Company and the
Purchaser shall have received the resignations, effective as of the Closing, of
each officer of the Company. The designees specified by the Purchaser shall have
been appointed as officers of the Company and any designees of the Purchaser who
may be lawfully appointed to the Board of Directors of the Company as of the
Company shall have been appointed; 




(viii) there shall not have been any
occurrence, event, incident, action, failure to act, or transaction since April
30, 2009 which has had or is reasonably likely to cause a material adverse
effect on the business, assets, properties, financial condition, results of
operations or prospects of the Company; 

(ix) the Purchaser shall have
completed their business, accounting and legal due diligence review of the
Company, and the results thereof shall be satisfactory to the Purchaser; 

(x) the Purchaser shall have received
such pay-off letters and releases relating to Liabilities as they shall have
requested and such pay-off letters shall be in form and substance satisfactory
to the Purchaser; 

(xi) the Purchaser shall have conducted UCC,
judgment lien and tax lien searches with respect to the Company, the results of
which indicate no liens on the assets of the Company; 

(xii) the Company shall have delivered
its Certificate of Incorporation and bylaws, both as amended to the Closing
Date, certified by the Secretary of the Company, resolutions adopted by the
Board of Directors of the Company authorizing this Agreement and the
transactions contemplated hereby and the Company shall have delivered to the
Purchaser the Company's original minute book and corporate seal and all other
original corporate documents and agreements; 

(xiii) the Company shall deliver to
the Purchaser confirmation that the Company is in Good Standing with the Nevada
Secretary of State. 

(xiv) the Company shall have maintained at and immediately
after the Closing its status as a company whose Common Stock is quoted on the
OTB Bulletin Board; and 

(xv) all actions to be taken by the
Seller in connection with consummation of the transactions contemplated hereby
and all certificates, opinions, instruments, and other documents required to
effect the transactions contemplated hereby will be satisfactory in form and
substance to the Purchaser.

(xvi) the Company shall have filed the Form 10-Q for the period
ending April 30, 2010 . 

The Purchaser may waive any condition specified in this Section
10(a) at or prior to the Closing in writing executed by the Purchaser. 

(b) Conditions to Obligation of the Seller. 

The obligations of the Sellers to consummate the transactions
to be performed by it in connection with the Closing are subject to satisfaction
of the following conditions: 

(i) the representations and warranties
set forth in Section 4 above shall be true and correct in all material respects
at and as of the Closing Date; 

(ii) the Purchaser shall have
performed and complied with all of its covenants hereunder in all material
respects through the Closing; 

(iii)
no action, suit, or proceeding shall be pending or threatened before any court
or quasi-judicial or administrative agency of any federal, state, local, or
foreign jurisdiction or before any arbitrator wherein an unfavorable injunction,
judgment, order, decree, ruling, or charge would (A) prevent consummation of any
of the transactions contemplated by this Agreement or (B) cause any of the
transactions contemplated by this Agreement to be rescinded following
consummation (and no such injunction, judgment, order, decree, ruling, or charge
shall be in effect); 

(iv) the Purchaser shall have delivered to the Sellers a
certificate to the effect that each of the conditions specified above in Section
9(b)(i)-(iii) is satisfied in all respects; 




(v) all actions to be taken by the Purchaser in connection with
consummation of the transactions contemplated hereby and all certificates,
opinions, instruments, and other documents required to effect the transactions
contemplated hereby will be satisfactory in form and substance to the Seller.


The Sellers may waive any condition specified in this Section
9(b) at or prior to the Closing in writing executed by the Seller. 

10. Remedies for Breaches of this Agreement. 

(a) Survival of Representations and Warranties. All of
the representations and warranties of the Parties shall survive the Closing
hereunder (even if a Party knew or had reason to know of any misrepresentation
or breach of warranty by another Party at the time of Closing) and continue in
full force and effect. 

(b) Indemnification Provisions for Benefit of the
Purchaser. 

(i) In the event any Seller breaches (or in the event any third
party alleges facts that, if true, would mean any Seller has breached) any of
its representations, warranties, and covenants contained herein, and, if there
is an applicable survival period pursuant to Section 10(a) above, provided that
the Purchaser make a written claim for indemnification against the Sellers
within such survival period, then the Sellers shall jointly and severally
indemnify the Purchaser from and against the entirety of any Adverse
Consequences the Purchaser may suffer through and after the date of the claim
for indemnification (including any Adverse Consequences the Purchaser may suffer
after the end of any applicable survival period) resulting from, arising out of,
relating to, in the nature of, or caused by the breach (or the alleged breach).
For purposes of this Agreement, “Adverse Consequences” means all actions, suits,
proceedings, hearings, investigations, charges, complaints, claims, demands,
injunctions, judgments, orders, decrees, rulings, damages, dues, penalties,
fines, costs, amounts paid in settlement, Liabilities, obligations, taxes,
Liens, losses, lost value, expenses, and fees, including court costs and
attorneys' fees and expenses. 

(ii) The Sellers shall indemnify the Purchaser from and against
the entirety of any Adverse Consequences the Purchaser may suffer resulting
from, arising out of, relating to, in the nature of, or caused by any Liability
of the Company (whether or not accrued or otherwise disclosed) (x) for any taxes
of the Company with respect to any tax year or portion thereof ending on or
before the Closing Date (or for any Tax year beginning before and ending after
the Closing Date to the extent allocable to the portion of such period beginning
before and ending on the Closing Date) and (y) for the unpaid taxes of any
Person (other than the Company) under Section 1.1502 -6 of the Regulations
adopted under the Code (or any similar provision of state, local, or foreign
law), as a transferee or successor, by contract, or otherwise. 

(iii) The Seller shall indemnify the Purchaser from and against
the entirety of any Liabilities arising out of the ownership of the Shares or
operation of the Company prior to the Closing. 

(iv) The Seller shall indemnify the Purchaser from and against
the entirety of any Adverse Consequences the Purchaser may suffer resulting
from, arising out of, relating to, in the nature of, or caused by any
indebtedness or other Liabilities of the Company existing as of the Closing
Date. 

(c) Indemnification Provisions for Benefit of the
Seller. In the event the Purchaser breach (or in the event any third party
alleges facts that, if true, would mean the Purchaser has breached) any of its
representations, warranties, and covenants contained herein, and, if there is an
applicable survival period pursuant to Section 10(a) above, provided that the
Seller makes a written claim for indemnification against the Purchaser within
such survival period, then the Purchaser shall indemnify the Seller from and
against the entirety of any Adverse Consequences the Seller may suffer through
and after the date of the claim for indemnification (including any Adverse
Consequences the Seller may suffer after the end of any applicable survival
period) resulting from, arising out of, relating to, in the nature of, or caused
by the breach (or the alleged breach). 




(d) Matters Involving Third Parties. 

(i) If any third party shall notify any Party (the “Indemnified
Party”) with respect to any matter (a “Third Party Claim”) which may give rise
to a claim for indemnification against any other Party (the “Indemnifying
Party”) under this Section 10, then the Indemnified Party shall promptly notify
each Indemnifying Party thereof in writing; provided, however, that no delay on
the part of the Indemnified Party in notifying any Indemnifying Party shall
relieve the Indemnifying Party from any obligation hereunder unless (and then
solely to the extent) the Indemnifying Party thereby is prejudiced. 

(ii) Any Indemnifying Party will have the right to defend the
Indemnified Party against the Third Party Claim with counsel of its choice
reasonably satisfactory to the Indemnified Party so long as (A) the Indemnifying
Party notifies the Indemnified Party in writing within 10 days after the
Indemnified Party has given notice of the Third Party Claim that the
Indemnifying Party will indemnify the Indemnified Party from and against the
entirety of any Adverse Consequences the Indemnified Party may suffer resulting
from, arising out of, relating to, in the nature of, or caused by the Third
Party Claim, (B) the Indemnifying Party provides the Indemnified Party with
evidence reasonably acceptable to the Indemnified Party that the Indemnifying
Party will have the financial resources to defend against the Third Party Claim
and fulfill its indemnification obligations hereunder, (C) the Third Party Claim
involves only money damages and does not seek an injunction or other equitable
relief, (D) settlement of, or an adverse judgment with respect to, the Third
Party Claim is not, in the good faith judgment of the Indemnified Party, likely
to establish a precedential custom or practice adverse to the continuing
business interests of the Indemnified Party, and (E) the Indemnifying Party
conducts the defense of the Third Party Claim actively and diligently. 

(iii) So long as the Indemnifying Party is conducting the
defense of the Third Party Claim in accordance with Section 10(d)(ii) above, (A)
the Indemnified Party may retain separate co-counsel at its sole cost and
expense and participate in the defense of the Third Party Claim, (B) the
Indemnified Party will not consent to the entry of any judgment or enter into
any settlement with respect to the Third Party Claim without the prior written
consent of the Indemnifying Party (not to be withheld unreasonably), and (C) the
Indemnifying Party will not consent to the entry of any judgment or enter into
any settlement with respect to the Third Party Claim without the prior written
consent of the Indemnified Party (not to be withheld unreasonably). 

(iv) In the event any of the conditions in Section 10(d)(ii)
above is or becomes unsatisfied, however, (A) the Indemnified Party may defend
against, and consent to the entry of any judgment or enter into any settlement
with respect to, the Third Party Claim in any manner it reasonably may deem
appropriate (and the Indemnified Party need not consult with, or obtain any
consent from, any Indemnifying Party in connection therewith), (B) the
Indemnifying Parties will reimburse the Indemnified Party promptly and
periodically for the costs of defending against the Third Party Claim (including
attorneys' fees and expenses), and (C) the Indemnifying Parties will remain
responsible for any Adverse Consequences the Indemnified Party may suffer
resulting from, arising out of, relating to, in the nature of, or caused by the
Third Party Claim to the fullest extent provided in this Section 10. 

(v) Other Indemnification Provisions. The Seller hereby
indemnifies the Company against any and all claims that may be filed by a
current or former officer, director or employee of the Seller by reason of the
fact that such person was a director, officer, employee, or agent of the Company
or was serving the Company at the request of the Seller or the Company as a
partner, trustee, director, officer, employee, or agent of another entity,
whether such claim is for accrued salary, compensation, indemnification,
judgments, damages, penalties, fines, costs, amounts paid in settlement, losses,
expenses, or otherwise and whether such claim is pursuant to any statute,
charter document, bylaw, agreement, or otherwise) with respect to any action,
suit, proceeding, complaint, claim, or demand brought against the Company
(whether such action, suit, proceeding, complaint, claim, or demand is pursuant
to an agreement, applicable law, or otherwise). 

11. Termination. 

(a) Termination of Agreement. The Parties may terminate
this Agreement as provided below: 

(b) the Purchaser and the Seller may terminate this Agreement
by mutual written agreement at any time prior to the Closing; 




(c) the Purchaser may terminate this
Agreement by giving written notice to the Seller at any time prior to the
Closing if (A) the aggregate of the Company's Liabilities acquired by Purchaser,
is equal to, or exceeds $1,000; (B) in the event the Seller has breached any
material representation, warranty, or covenant contained in this Agreement in
any material respect and the Purchaser has notified the Seller of the breach,
and the breach has continued without cure for a period of 2 days after the
notice of breach; (C) if the Closing shall not have occurred on or before May
30, 2010 by reason of the failure of any condition precedent under Section 9(a)
hereof (unless the failure results primarily from the Purchaser themselves
breaching any representation, warranty, or covenant contained in this Agreement)
or (D) the Purchaser determine, in their sole discretion, that the Company is
unsuitable for use as a vehicle for a reverse acquisition transaction; and 

(d) the Sellers may terminate this
Agreement by giving written notice to the Purchaser at any time prior to the
Closing (A) in the event the Purchaser has breached any material representation,
warranty, or covenant contained in this Agreement in any material respect, the
Sellers have notified the Purchaser of the breach, and the breach has continued
without cure for a period of 2 days after the notice of breach or (B) if the
Closing shall not have occurred on or before May 30, 2010, by reason of the
failure of any condition precedent under Section 9(b) hereof (unless the failure
results primarily from the Sellers themselves breaching any representation,
warranty, or covenant contained in this Agreement). 

(e) Effect of Termination. The Seller shall in no event
be permitted to terminate this Agreement unless prior to or accompanying any
notice of termination delivered hereunder the Sellers (i) have delivered to the
Purchaser any portion of the Purchase Price theretofore paid by the Purchaser
and (ii) have notified the Law Firm in writing that any amounts held in escrow
by it may released to the Purchaser. If the Purchaser terminate this Agreement
pursuant to this Section 11, then the Sellers shall immediately pay to the
Purchaser any portion of the Purchase Price theretofore paid by the Purchaser
and the Sellers shall immediately notify the Law Firm in writing that any
amounts held in escrow by it may released to the Purchaser. Except as aforesaid,
if this Agreement terminates pursuant to this Section 11, all rights and
obligations of the Parties hereunder shall terminate without any Liability of
any Party to any other Party, except for any Liability of a Party that is then
in breach. 

12. Miscellaneous. 

(a) Facsimile Execution and Delivery. Facsimile
execution and delivery of this Agreement is legal, valid and binding execution
and delivery for all purposes. 

(b) Press Releases and Public Announcements. Neither the
Sellers nor the Company shall issue any press release or make any public
announcement relating to the subject matter of this Agreement without the prior
written approval of the Purchaser; provided, however, that the Company may make
any public disclosure it believes in good faith is required by applicable law or
any listing or trading agreement concerning its publicly-traded securities (in
which case the Sellers and the Company will use their best efforts to advise the
other Parties prior to making the disclosure). 

(c) No Third-Party Beneficiaries. This Agreement shall
not confer any rights or remedies upon any person other than the Parties and
their respective successors and permitted assigns. 

(d) Entire Agreement. This Agreement (including the
documents referred to herein) constitutes the entire agreement among the Parties
and supersedes any prior understandings, agreements, or representations by or
among the Parties, written or oral, to the extent they related in any way to the
subject matter hereof. 

(e) Succession and Assignment. This Agreement shall be
binding upon and inure to the benefit of the Parties named herein and their
respective successors and permitted assigns. No Party may assign either this
Agreement or any of his or its rights, interests, or obligations hereunder
without the prior written approval of the Purchaser and the Sellers; provided,
however, that the Purchaser may (i) assign any or all of its rights and
interests hereunder to one or more of its Affiliates, and (ii) designate one or
more of its Affiliates to perform its obligations hereunder, but no such assignment shall operate to release Purchaser or a successor
from any obligation hereunder unless and only to the extent that Seller agrees
in writing. 




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

(g) Headings. The Section headings contained in this
Agreement are inserted for convenience only and shall not affect in any way the
meaning or interpretation of this Agreement. 

(h) Notices. All notices, requests, demands, claims, and
other communications hereunder will be in writing. Any notice, request, demand,
claim, or other communication hereunder shall be deemed duly given if (and then
two business days after) it is sent by registered or certified mail, return
receipt requested, postage prepaid, and addressed to the intended recipient as
set forth below: 

	(i)       	if to the Sellers, to: 
	 	 
	 	 
	  	Attention: 
	  	Facsimile No.: ____________
	  	Telephone No.: ___________
	  	with a copy (which shall not constitute
      notice to the Sellers) to: 
	  	  
	  	W. L. Macdonald Law Corporation 
	  	1210-777 Hornby Street 
	  	Vancouver, BC V6Z 154 
	  	Attention: William L. Macdonald, Esq.
  
	  	Facsimile No.: 604.681.4760 
	  	Telephone No.: 604.648.1670 
	  	  
	(ii)       	if to the Purchaser, to: 
	  	  
	  	Haifeng Lu 
	  	Wujin Changzhou City, 
	  	Jiangsu Province, People's Republic of
      China 213176 
	  	Facsimile No.: 86-519-6233073 
	  	Telephone No.: 86-519-8623-8298 
	  	with a copy (which shall not constitute
      notice to the Purchaser) to: 
	  	  
	  	Pillsbury Winthrop Shaw Pittman LLP
  
	  	2300 N Street, N.W. 
	  	Washington, DC 20037 
	  	Attention: Fang Liu, Esq. 
	  	Facsimile No.: 202.354.4866 
	  	Telephone No.: 202.663.8346
  


Any Party may send any notice, request, demand, claim, or other
communication hereunder to the intended recipient at the address set forth above
using any other means (including personal delivery, expedited courier, messenger
service, telecopy, telex, ordinary mail, or electronic mail), but no such
notice, request, demand, claim, or other communication shall be deemed to have
been duly given unless and until it actually is received by the intended
recipient. Any Party may change the address to which notices, requests, demands,
claims, and other communications hereunder are to be delivered by giving the
other Parties notice in the manner herein set forth. 




(i) Governing Law. This Agreement shall be governed by
and construed in accordance with the domestic laws of the State of New York
without giving effect to any choice or conflict of law provision or rule
(whether of the State of New York or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of New
York. 

(j) Amendments and Waivers. No amendment of any
provision of this Agreement shall be valid unless the same shall be in writing
and signed by the Purchaser and the Sellers or their respective representatives.
No waiver by any Party of any default, misrepresentation, or breach of warranty
or covenant hereunder, whether intentional or not, shall be deemed to extend to
any prior or subsequent default, misrepresentation, or breach of warranty or
covenant hereunder or affect in any way any rights arising by virtue of any
prior or subsequent such occurrence. 

(k) Severability. Any term or provision of this
Agreement that is invalid or unenforceable in any situation in any jurisdiction
shall not affect the validity or enforceability of the remaining terms and
provisions hereof or the validity or enforceability of the offending term or
provision in any other situation or in any other jurisdiction. 

(l) Expenses. Each of the Parties and the Company will
bear his or its own costs and expenses (including legal fees and expenses)
incurred in connection with this Agreement and the transactions contemplated
hereby. The Sellers agree that the Company has not borne or will not bear any of
the Sellers' costs and expenses (including any of his legal fees and expenses)
in connection with this Agreement or any of the transactions contemplated
hereby. 

(m) Construction. The Parties have participated jointly
in the negotiation and drafting of this Agreement. In the event an ambiguity or
question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by the Parties and no presumption or burden of proof shall
arise favoring or disfavoring any Party by virtue of the authorship of any of
the provisions of this Agreement. Any reference to any federal, state or local
statute or law shall be deemed also to refer to all rules and regulations
promulgated thereunder, unless the context requires otherwise. The word
“including” shall mean including without limitation. The Parties intend that
each representation, warranty, and covenant contained herein shall have
independent significance. If any Party has breached any representation,
warranty, or covenant contained herein in any respect, the fact that there
exists another representation, warranty, or covenant relating to the same
subject matter (regardless of the relative levels of specificity) which the
Party has not breached shall not detract from or mitigate the fact that the
Party is in breach of the first representation, warranty, or covenant. Nothing
in the disclosure Schedules attached hereto shall be deemed adequate to disclose
an exception to a representation or warranty made herein, however, unless the
disclosure Schedules identifies the exception with particularity and describes
the relevant facts in detail. Without limiting the generality of the foregoing,
the mere listing (or inclusion of a copy) of a document or other item in the
disclosure Schedules or supplied in connection with the Purchaser' due diligence
review, shall not be deemed adequate to disclose an exception to a
representation or warranty made herein (unless the representation or warranty
has to do with the existence of the document or other item itself). 

(n) Incorporation of Exhibits and Schedules. The
Exhibits and Schedules identified in this Agreement are incorporated herein by
reference and made a part hereof. 

(o) Specific Performance. Each of the Parties
acknowledges and agrees that the other Parties would be damaged irreparably in
the event any of the provisions of this Agreement are not performed in
accordance with their specific terms or otherwise are breached. Accordingly,
each of the Parties agrees that the other Parties shall be entitled to an
injunction or injunctions to prevent breaches of the provisions of this
Agreement and to enforce specifically this Agreement and the terms and
provisions hereof in any action instituted in any court of the United States or
any state thereof having jurisdiction over the Parties and the matter (subject
to the provisions set forth in Section 12(p) below), in addition to any other
remedy to which they may be entitled, at law or in equity. 

(p) Submission to Jurisdiction. Each of the Parties
submits to the jurisdiction of any state or federal court sitting in New York
County, New York, in any action or proceeding arising out of or relating to this
Agreement and agrees that all claims in respect of the action or proceeding may
be heard and determined in any such court. Each of the Parties waives any
defense of inconvenient forum to the maintenance of any action or proceeding so
brought and waives any bond, surety, or other security that might be required of
any other Party with respect thereto. Any Party
may make service on any other Party by sending or delivering a copy of the process to the Party to be served at the address and in the manner provided for the giving of notices in Section 12(h) above. Nothing in this Section 12(p), however, shall
affect the right of any Party to bring any action or proceeding arising out of or relating to this Agreement in any other court or to serve legal process in any other manner permitted by law or at equity. Each Party agrees that a final judgment in
any action or proceeding so brought shall be conclusive and may be enforced by suit on the judgment or in any other manner provided by law or at equity. 






IN WITNESS WHEREOF, the Sellers
and the Purchaser have duly executed this Agreement the date first above
written.

	 	PURCHASER: 
	 	 
	 	/s/ Haifeng Lu
	 	HAIFENG LU 
	 	 
	 	 
	 	  
	 	SELLERS: 
	 	 
	 	
    /s/ Amit Sachs 
	 	Amit Sachs 
	 	 
	 	 
	 	
    /s/ Moshe Basson
	 	Moshe Basson 
	 	 
	 	 
	 	 
	 	COMPANY: 
	 	 
	 	TRADEON, INC. 
	 	 
	 	By: /s/ Amit Sachs                        
    
	 	         
           Name: Amit Sachs 
	 	              
      Title: Director






SCHEDULE A 

SELLERS

	  	NUMBER OF SELLER 
	NAME AND
      ADDRESS OF SELLER 	SHARES BEING SOLD 
	Amit Sachs
    	2,000,000 
	Moshe
      Basson 	2,000,000