----

| OPERATIVE      PROVISIONS | 3                                      |
|---------------------------|----------------------------------------|
| 1                         | Interpretation                         | 3 |
| 2                         | Sale      and purchase of the Shares   | 4 |
| 3                         | Consideration                          | 4 |
| 4                         | Position      pending Completion       | 5 |
| 5                         | Completion                             | 5 |
| 6                         | Right      to terminate                | 6 |
| 7                         | Seller      Warranties and Indemnities | 6 |
| 8                         | Announcements                          | 8 |
| 9                         | General                                | 9 |

|                                              |                                                |
|---------------------------------------------------|-----------------------------------------------------|
| SCHEDULES                                         |                                                |
| SCHEDULE      1                                   | Part      1 – Particulars of the Company      | 13 |
|                                              | Part      2 – Particulars of the Subsidiaries | 14 |
| SCHEDULE      2 – Documents to be delivered |                                                |
|                                              | Part      1 –Documents to be delivered        | 17 |
|                                              | Part      2 –Documents to be delivered        | 18 |
| SCHEDULE      3 - Warranties                      | 19                                                  |
| SCHEDULE      4 - Position pending Completion     | 22                                                  |

----

| (1) | Unionway      Resources Limited, a company registered in the British Virgin Islands (no.      1524864) whose registered office is at Morgan & Morgan Building, Pasea      Estate, Road Town, Tortola, British Virgin Islands (the “Seller”);  and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Hollysys      Automation Technologies. Ltd, a company registered in the British Virgin      Islands (no. 1009283) whose registered office is at P.O. Box 173, Kingston      Chambers, Road Town, Tortola, British Virgin Islands (the      “Buyer”). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (A) | The      Seller is the legal and beneficial owner of all of the issued and      outstanding shares in the Company (as defined below) and has the right,      power and authority to sell and transfer such shares in the manner      contemplated by this Agreement;and |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | The      Buyer wishes to purchase the Shares (as defined below) in accordance with      the terms of this Agreement, |
|-----|----------------------------------------------------------------------------------------------------------------------|

| 1 | Interpretation |
|---|----------------|

| 1.1 | In      this Agreement, except where a different interpretation is necessary in      the context, the parties shall be referred to in the manner set out after      their names above, and the following expressions shall have the following      meanings: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Act                  | the      BVI Companies Act 2004, as amended or superseded from time to      time                                                                                                                                                      |
|--------|----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                 |                                                                                                                                                                                                                                  |
|   | Affiliate            | in      relation to any body corporate (whether or not registered in the British      Virgin Islands), any holding company or subsidiary of such body corporate      or any subsidiary of a holding company of such body    corporate |
|   |                 |                                                                                                                                                                                                                                  |
|   | this      Agreement  | this      agreement including the recitals and the schedules                                                                                                                                                                          |
|   |                 |                                                                                                                                                                                                                                  |
|   | Business      Day    | a      day (other than a Saturday, Sunday or public holiday) when banks are open      for business in the British Virgin Islands                                                                                                      |
|   |                 |                                                                                                                                                                                                                                  |
|   | Claim                | any      claim for breach of any Warranty                                                                                                                                                                                             |
|   |                 |                                                                                                                                                                                                                                  |
|   | the      Company     | Maypower      Limited, short particulars of which are set out in  Schedule      1                                                                                                                                           |
|   |                 |                                                                                                                                                                                                                                  |
|   | Completion           | completion      of the sale and purchase of the Shares in accordance with clause      5                                                                                                                                               |
|   |                 |                                                                                                                                                                                                                                  |
|   | Completion      Date | March      31, 2010, the date on which Completion takes  place                                                                                                                                                                        |

----

|   | Completion      Documents     | the      documents respectively required to be delivered by each party to the other      on Completion in accordance with the Contractual  Documents |
|--------|-------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                          |                                                                                                                                                 |
|   | Confidential      Information | all      information which relatesto:                                                                                                                |

|   | (a)    | the      Company, any business of      the Company;                                        |
|--------|--------|-------------------------------------------------------------------------------------------------|
|   |   |                                                                                            |
|   | (b)    | the      provisions of this Agreement;                                                          |
|   |   |                                                                                            |
|   | (c)    | the      negotiations relating to this Agreement;                                               |
|   |   |                                                                                            |
|   | (d)    | the      subject matter of this Agreement; and                                                  |
|   |   |                                                                                            |
|   | (e)    | the      Seller or Buyer and any of their Affiliates (as the case may be) from time      totime |

|   | Consideration              | The      amount set out in clause 3 which is to be satisfied in accordance with      clause 3                                                                                                                                                                                                                                                                                                                                                                                    |
|--------|----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | Contractual      Documents | this      Agreement, together with any other written agreements between the parties      and referred to in this Agreement                                                                                                                                                                                                                                                                                                                                                       |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | the      Directors         | the      persons specified as directors of the Company in Schedule 1 (the      expression “Director” meaning any of      them)                                                                                                                                                                                                                                                                                                                                       |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | Encumbrance                | any      interest or equity of any person (including any right to acquire, option      or right of pre-emption) or any mortgage, charge (fixed or floating),      pledge, lien, assignment, hypothecation, security interest, title      retention or any other security agreement or arrangement which has the      effect of creating security or payment priority                                                                                                             |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | Intellectual      Property | patents,      trade marks, signs and service marks, rights in designs, trade and      business names, copyrights (including rights in computer software,      database and topography rights whether or not any of these is registered      and including applications for registration of any of these) and all      rights or forms of protection of a similar nature or having equivalent or      similar effect to any of these which may subsist anywhere in the      world |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | Material      Breach       | the      meaning given to that term in clause 6.2                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | RMB                        | Renminbi,      the legal currency of the People’s Republic of China                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | Seller’s      Group  | the      Seller and its Affiliates, including until Completion the Company and the      Subsidiaries                                                                                                                                                                                                                                                                                                                                                                             |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | Shares                     | the      ordinary shares of one US dollar par value each which comprise all of the      issued and outstanding shares of the Company                                                                                                                                                                                                                                                                                                                                             |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | Subsidiaries               | the      companies as set out at Part 2 of Schedule 1 and the expression of “Subsidiary” shall mean      any one of them                                                                                                                                                                                                                                                                                                                                             |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | Taxation                   | all      forms of taxation imposed anywhere in the world                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | Taxing      Authority      | any      governmental or state body or official anywhere the world competent to      impose tax                                                                                                                                                                                                                                                                                                                                                                                  |

----

|   | Warranties | the      warranties given in clause 7 and Schedule 3      and each such warranty      shall be a "Warranty" |
|--------|------------|------------------------------------------------------------------------------------------------------------------|

| 1.2 | All      references to statutory provisions or enactments shall include references      to any amendment, modification, extension, consolidation, replacement or      re-enactment of any such provision or enactment (whether before or after      the date of this Agreement), to any previous enactment which has been      replaced or amended and to any regulation, instrument or order or other      subordinate legislation made under such provision or enactment, unless any      such change imposes upon any party any liabilities or obligations which      are more onerous than as at the date of this Agreement.  Unless      otherwise indicated, any reference to specific legislation is to that      legislation as enacted by the Legislature of the British Virgin      Islands. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | References      in this Agreement and the Schedules to the parties, the Recitals,      Schedules and clauses are references respectively to the parties, the      Recitals and Schedules to and clauses of this  Agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.4 | Save      where the context specifically requires otherwise, words importing one      gender shall be treated as importing any gender, words importing      individuals shall be treated as importing corporations and vice versa,      words importing the singular shall be treated as importing the plural and      vice versa, and words importing the whole shall be treated as including a      reference to any part thereof.  References to persons shall      include bodies' corporate, unincorporated associations and partnerships,      in each case whether or not having a separate legal      personality.  References to the word “include” or “including”      (or any similar term) are not to be construed as implying any limitation      and general words introduced by the word “other” (or any similar term)      shall not be given a restrictive meaning by reason of the fact that they      are preceded by words indicating a particular class of acts, matters or      things. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.5 | Clause      and paragraph headings and the table of contents are inserted for ease of      reference only and shall not affect  construction. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------|

| 1.6 | Any      reference to “writing” or “written” includes faxes      and emails and any other non-transitory form of visible reproduction of      words. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Sale and purchase of the      Shares |
|---|--------------------------------------|

| 2.1 | The      Buyer shall not be obliged to complete the purchase of any of the Shares      unless the purchase of all the Shares is completed simultaneously in      accordance with this Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | The      Seller irrevocably and unconditionally waives, and shall procure that      there are waived, any and all pre-emption rights in respect of the Shares      whether arising by virtue of any memorandum or articles of association,      agreement, law or otherwise. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.3 | On or before the date of this Agreement, the      Seller shall deliver to the Buyer the items listed in Part 1 of Schedule 2      (the Buyer receiving them, where appropriate, as agent for the      Company). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Consideration |
|---|---------------|

| 3.1 | In      consideration of the sale of the Shares, the Buyer shall pay an aggregate      value of RMB 398,768,745.21 to the Seller as  following: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Cash,      totalling RMB 67,634,366.25 (the      "Cash      Consideration");      and |
|--------|-----|---------------------------------------------------------------------------------------|

----

|   | (b) | 4,413,948      shares of ordinary shares of theBuyer. |
|--------|-----|-------------------------------------------------------|

| 3.2 | The      Consideration shall be satisfied in accordance with clause 3.3      below. |
|-----|-------------------------------------------------------------------------------------|

| 3.3 | The      Buyer shall pay the Cash      Consideration to the Seller on the Completion Date (such payment to be      made in accordance with clause5.2). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4 | Any      payment made by the Seller to the Buyer under or in respect of any breach      of this Agreement (including, without limitation, in respect of any claim      for breach of the Warranties or any indemnity contained in this Agreement)      shall be and shall be deemed to be a reduction in the price paid for the      Shares under this Agreement to the extent legally  possible. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.5 | The Buyer shall issue the shares described in      clause 3.1(b) above on or      before the Completion      Date. |
|-----|--------------------------------------------------------------------------------------------------------------------|

| 4 | Position pending      Completion |
|---|----------------------------------|

| 5 | Completion |
|---|------------|

| 5.1 | On      or before the Completion Date, the Seller shall deliver to the Buyer the      items listed in Part 2 of Schedule 2      (the Buyer receiving them, where appropriate, as agent for the      Company). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | On      or prior to the Completion Date, the Buyer shall procure the delivery of      an electronic transfer to the account of the Seller (as notified by the      Seller to the Buyer at the time of this Agreement) for the amount of the      Cash Consideration. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | If      for any reason the provisions of clause 5.1 are not fully complied with,      the Buyer shall not be obliged to complete the sale and purchase of the      Shares and shall be entitled (in addition to and without prejudice to any      other right or remedy available to it, including the right to claim      damages) to elect: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | to      rescind this Agreement, without liability on the part of the Buyer;      or |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (b) | to      proceed to complete the purchase of the Shares or some of the Shares (at      the Buyer’s option) in which case the Seller shall be bound to complete      the sale of all or part of the Shares accordingly and the Buyer shall be      entitled to pay only the proportion of the Consideration due for those of      the Shares it is acquiring and in addition the Buyer may withhold from the      proportion of the Consideration which is payable an amount which it      considers reasonable as security for the remedying of the Seller’s      default; or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | to      defer the date for Completion (in which case the provisions of this clause      5.3 shall apply to Completion as so      deferred); or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | to      proceed to Completion so far as practicable without prejudice to its      rights under this Agreement, the Seller then being obliged to use its best      endeavours to perform or procure the performance of any of the outstanding      provisions of clause 5.1 on or before such date as is specified by the      Buyer. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 6 | Right to      terminate |
|---|-------------------------|

| 6.1 | If      at any time prior to Completion the Buyer becomes aware  of: |
|-----|----------------------------------------------------------------------|

|   | (a) | any      fact, matter or event, which constitutes a Material Breach of a Warranty;      and/or |
|--------|-----|------------------------------------------------------------------------------------------------|

|   | (b) | any      fact, matter or event, which constitutes a Material Breach of any of the      Seller’s undertakings contained in Schedule 4 (Position pending      Completion), |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | For      the purposes of clause 6.1 a “Material Breach” shall      mean: |
|-----|--------------------------------------------------------------------------------------|

|   | (a) | a      breach of a Warranty which would, if the Warranties were repeated on or at      any time prior to Completion by reference to the facts and circumstances      then existing, entitle the Buyer to an amount in damages, following      Completion, equal to or greater than 1% of the aggregate value of this      Agreement; or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | a      breach of any of the Seller’s undertakings contained in Schedule 4      (Position pending Completion) which would entitle the Buyer to an amount      in damages, following Completion, equal to or greater than 1% of the      aggregate value of this Agreement, |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3 | Any      right of termination exercised pursuant to clause 6.1 shall automatically      terminate this Agreement (other than clauses 9.15 (Costs and Expenses) and      9.28 (Governing Law and Jurisdiction) which shall continue in full force      and effect) and no party shall have any claim of any nature whatsoever      against the other parties under this Agreement, save in respect of any      rights and liabilities of any party which have accrued prior to the      Agreement terminating or in relation to the clauses of this Agreement      which remain in force. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4 | Any      right of termination conferred upon the Buyer by this Agreement shall be      in addition to and without prejudice to all other rights and remedies      available to the Buyer and no exercise of or failure to exercise such a      right of termination shall constitute a waiver by the Buyer of any such      other right or remedy. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | Seller Warranties and      Indemnities |
|---|----------------------------------------|

| 7.1 | The      Seller warrants to the Buyer for itself and for any successor in title to      the Shares that each and every Warranty is true, correct, accurate and not      misleading at the date of thisAgreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | Each      of the Warranties shall be deemed to be repeated immediately prior to      Completion by reference to the facts and circumstances then existing and      on the basis that all references (whether express or implied) in such      Warranties to the “date      of this Agreement” or in any of the definitions in clause 1.1 used      in such Warranties shall be deemed to be substituted with references to      the “Completion      Date”, as appropriate. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.3 | The      Seller shall forthwith notify the Buyer in writing of any matter or thing      which may arise or become known to it after the date of this Agreement and      prior to Completion which constitutes (or would with the passage of time      constitute) a breach of any of the Warranties or a breach of any of the      covenants or undertakings or obligations of the Seller under this      Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4 | Each      Warranty is a separate and independent warranty and, save as otherwise      expressly provided, no Warranty shall be limited by reference to any other      Warranty or by the other terms of this  Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.5 | The      rights and remedies of the Buyer in respect of any breach of the      Warranties shall not be affected by Completion, by any investigation made      by or on behalf of the Buyer into the affairs of the Company, or by any other event or matter      whatsoever which otherwise might have affected such rights and remedies      except a specific and duly authorised written waiver or      release.  No information relating to the Company of which the      Buyer has knowledge (actual or constructive) other than by reason of its      being disclosed in accordance with clause 7.1 shall prejudice any claim      which the Buyer shall be entitled to bring or shall operate to reduce any      amount recoverable by the Buyer under this  Agreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.6 | Where      any Warranty is qualified by the expression “so far as the Seller is      aware” or “to the      best of the knowledge, information and belief of the Seller” or      words having similar effect, such Warranty shall be deemed to include a      statement that such awareness means both the actual knowledge of the      Seller and also such knowledge which the Seller would have had if it had      made due and careful enquiry of all relevant  persons. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.7 | Each      of the paragraphs in Schedule 3 shall      be interpreted as being deemed to include all references to the foreign      equivalent of terms used, statutes and regulations referred to and      concepts applied where the Company is incorporated in, does business in or      is affected by the laws or regulations of a country outside the British      Virgin Islands. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.8 | Any      information supplied by the Company, its officers, employees or agents to      the Seller, its agents, representatives or advisers in connection with      this Agreement, or in connection with, or to form the basis of, the      Warranties, or for any other reason, shall be deemed not to include or      have included a representation, warranty or guarantee of its accuracy to      the Seller and shall not constitute a defence to the Seller to any claim      made by the Buyer.  The Seller hereby waives any and all claims      against the Company, its officers or      employees in respect of any information so supplied (and undertakes that      no other person claiming under or through it will make any such      claim). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.9 | Without      restricting the rights of the Buyer or any successor in title to the      Shares or their ability to claim damages on any basis available to them,      in the event of any breach or non-fulfilment of the Warranties, the Seller      hereby undertakes to the Buyer for itself and for any successor in title      to the Shares that the Seller will on demand pay to the Buyer or such      successors: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | the      full amount of any shortfall or diminution in the value of any assets of      the Company and any increase in the liabilities of the Company and an      amount equal to any other loss suffered or incurred by the Buyer or the      Company or any such successor as a result of or in relation to any act,      matter, thing or circumstance constituting a breach or non-fulfilment of      any of the Warranties; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (b) | all      costs, expenses and disbursements suffered or incurred by the Buyer, the      Company or any such successor directly or indirectly as a result of or in      relation to any breach or non-fulfilment of any of the      Warranties. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8 | Announcements |
|---|---------------|

| 8.1 | Except      to the extent otherwise expressly permitted by this Agreement, the parties      shall not make any public announcement or issue a press release or respond      to any enquiry from the press or other media concerning or relating to      this Agreement or its subject matter or any ancillary    matter. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.2 | Notwithstanding      any other provision in this Agreement, either party may, after      consultation with the other party whenever practicable, make or permit to      be made an announcement concerning or relating to this Agreement or its      subject matter or any ancillary matter if and to the extent required      by: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | law;      or |
|--------|-----|--------------|

|   | (b) | any      securities exchange on which either party’s securities are listed or      traded; or |
|--------|-----|-----------------------------------------------------------------------------------------------------|

|   | (c) | any      regulatory or governmental or other authority with relevant powers to      which either party is subject or submits, whether or not the requirement      has the force of law. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.3 | Subject      to Clauses 8.1 and 8.2, each of the Seller and the Buyer undertakes with      the other that it shall both during and after the term of this Agreement      preserve the confidentiality of the Confidential Information, and except      to the extent otherwise expressly permitted by this Agreement, not      directly or indirectly reveal, report, publish, disclose or transfer or      use for its own or any other purposes such Confidential      Information. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4 | Notwithstanding      any other provision in this Agreement, either party may, after      consultation with the other party whenever practicable, disclose      Confidential Information if and to theextent: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | required      by law; or |
|--------|-----|--------------------------|

|   | (b) | required      by any securities exchange on which either party’s securities are listed      or traded; or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------|

|   | (c) | required      by any regulatory or governmental or other authority with relevant powers      to which either party is subject or submits (whether or not the authority      has the force of law); or |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | required      to vest the full benefit of this Agreement in that party or to enforce any      of the rights of that party in this Agreement;  or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | required      by its professional advisers, officers, employees, consultants,      sub-contractors or agents to provide their services (and subject always to      similar duties of confidentiality);or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (f) | that      information is in or has come into the public domain through no fault of      that party; or |
|--------|-----|--------------------------------------------------------------------------------------------------------|

|   | (g) | the      other party has given prior written consent to the disclosure;      or |
|--------|-----|---------------------------------------------------------------------------------|

|   | (h) | it      is necessary to obtain any relevant tax clearances from any appropriate      tax authority. |
|--------|-----|-----------------------------------------------------------------------------------------------------|

----

| 9 | General |
|---|---------|

| 9.1 | Without      prejudice to any restriction or limitation on the extent of any party’s      obligations under this Agreement, each party shall so far as each is      reasonably able, do or procure the doing of all such acts and/or execute      or procure the execution of all such documents in a form reasonably      satisfactory to and at the cost of the other party concerned as such other      party may reasonably consider necessary to transfer the Shares to the      Buyer or otherwise to give any party the full benefit of this      Agreement. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | This      Agreement is personal to the parties and, except as provided in clauses      9.3 to 9.5, no party may assign, transfer, subcontract, delegate, charge      or otherwise deal in any other manner with this Agreement or any of its      rights or obligations nor grant, declare, create or dispose of any right      or interest in it without the prior written consent of the other      party. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.3 | The      Seller acknowledges and agrees that the Buyer may at any time following      Completion reorganise its group, pursuant to which the Buyer may sell or      transfer all or any of the Shares or assets of the Company to an Affiliate      or assign (in whole or in part) its rights under this      Agreement.  Accordingly, subject to clause 9.4, the Seller      agrees that the rights under this Agreement may be assigned (in whole or      in part) by the Buyer without the consent of the Seller to, and may be      enforced by, any Affiliate of the Buyer which is the legal or beneficial      owner from time to time of any or all of the Shares or assets of the      Company as if it were the Buyer under this  Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.4 | If      the rights under the whole or any part of this Agreement are assigned by      the Buyer to an Affiliate in accordance with clause 9.3 that Affiliate may      at any time assign those rights to any other Affiliate of the Buyer      provided that the Buyer shall procure that any Affiliate to whom any or      all of the rights under this Agreement are assigned shall assign such      rights back to the Buyer (or to another continuing Affiliate of the Buyer)      immediately prior to it ceasing to be an Affiliate of the      Buyer. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.5 | The      Buyer may assign (in whole or in part) its rights under this Agreement by      way of security to any bank and/or financial institution lending money or      making other banking facilities available to the Buyer or any of its      Affiliates. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.6 | Any      purported assignment, transfer, subcontracting, delegation, charging or      dealing in contravention of this clause 9 shall be      ineffective. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.7 | This      Agreement and the documents referred to or incorporated in it constitute      the entire agreement between the parties relating to the subject matter of      this Agreement and supersede and extinguish any prior drafts, agreements,      undertakings, representations, warranties and arrangements of any nature      whatsoever, whether or not in writing, between the parties in relation to      the subject matter of thisAgreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 9.8 | Each      of the parties acknowledges and agrees that it has not entered into this      Agreement in reliance on any statement or representation of any person      (whether a party to this Agreement or not) other than as expressly      incorporated in this Agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.9 | Without      limiting the generality of the foregoing, each of the parties irrevocably      and unconditionally waives any right or remedy it may have to claim      damages and/or to rescind this agreement by reason of any      misrepresentation (other than a fraudulent misrepresentation) having been      made to it by any person (whether party to this agreement or not) and upon      which it has relied in entering into this  agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.10 | Each      of the parties acknowledges and agrees that the only cause of action      available to it under the terms of this Agreement shall be for breach of      contract. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.11 | Nothing      in this Agreement or in any other document referred to herein shall be      read or construed as excluding any liability or remedy as a result of      fraud. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.12 | No      omission to exercise or delay in exercising on the part of any party to      this Agreement any right, power or remedy provided by law or under this      Agreement shall constitute a waiver of such right, power or remedy or any      other right, power or remedy or impair such right, power or remedy. No      single or partial exercise of any such right, power or remedy shall      preclude or impair any other or further exercise thereof or the exercise      of any other right, power or remedy provided by law or under this      Agreement. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.13 | Any      waiver of any right, power or remedy under this Agreement must be in      writing and may be given subject to any conditions thought fit by the      grantor. Unless otherwise expressly stated, any waiver shall be effective      only in the instance and only for the purpose for which it is      given. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.14 | No      variation to this Agreement shall be of any effect unless it is agreed in      writing and signed by or on behalf of each  party. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------|

| 9.15 | Each      party shall pay its own costs and expenses in relation to the negotiation,      preparation; execution and carrying into effect of this Agreement and      other agreements forming part of the  transaction. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.16 | Any      communication to be given in connection with the matters contemplated by      this Agreement shall be in writing except where expressly provided      otherwise and shall either be delivered by hand or sent by first class      pre-paid post or facsimile transmission.  Delivery by courier      shall be regarded as delivery by hand.  A communication shall be      deemed to have been served: |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | if      delivered by hand at the address referred to in clause 9.17, at the time      of delivery; |
|--------|-----|----------------------------------------------------------------------------------------------------|

|   | (b) | if      sent by first class pre-paid post to the address referred to in clause      9.17, at the expiration of two clear days after the time of posting;      and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | if      sent by facsimile to the number referred to in clause 9.17, at the time of      completion of transmission by thesender. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------|

----

| 9.17 | Such      communication shall be sent to the address of the relevant party referred      to in this Agreement or the facsimile number set out below or to such      other address or facsimile number may from time to time be notified in      writing to the other party in accordance with this clause      9.17.  Each communication shall be marked for the attention of      the relevant person. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.18 | This      Agreement may be executed in any number of counterparts (whether original      or facsimile) and by the parties on different counterparts, but shall not      be effective until each party has executed at least one      counterpart. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.19 | Each      counterpart shall constitute an original of this Agreement but all the      counterparts shall together constitute one and the same      agreement. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.20 | Each      of the provisions of this Agreement is severable.  If any such      provision is or becomes illegal, invalid or unenforceable in any respect      under the law of any jurisdiction, the legality, validity or      enforceability in that jurisdiction of the remaining provisions of this      Agreement shall not in any way be affected or impaired      thereby. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.21 | This      Agreement shall, to the extent that it remains to be performed, continue      in full force and effect notwithstanding  Completion. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| 9.22 | If      a party fails to pay any sum payable by it on the due date for payment      under this Agreement, it shall pay interest on the overdue sum for the      period from and including the due date of payment up to the date of actual      payment (after as well as before judgement) in accordance with clause      9.23. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.23 | The      interest referred to in clause 9.22 shall accrue from day to day and shall      be paid on demand at the rate of 0.1%. Unpaid interest shall compound      quarterly. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.24 | All      amounts payable by the Seller to any person under this Agreement shall be      paid free of any rights of counterclaim or set off and without any      deductions or withholdings whatsoever, save only as may be required by any      applicable law. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 9.25 | If      any deductions or withholdings are required by law to be made from any of      the amounts payable by the Seller under this Agreement, the Seller shall      be obliged to pay to the recipient of the payment such amount as will,      after the deduction or withholding has been made, leave that person with      the same amount as it would have been entitled to receive in the absence      of any such requirement to make a deduction or  withholding. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.26 | If      Taxation is payable on any amount paid by the Seller to any person under      this Agreement, the amount payable shall be increased by such amount as      will ensure that, after payment of any Taxation charged on or in respect      of such payment, there shall be left an amount equal to that which would      otherwise be payable under thisAgreement. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.27 | All      payments to be made under this Agreement shall be paid in full without any      set-off or counterclaim. |
|------|-------------------------------------------------------------------------------------------------------------------|

| 9.28 | The      parties irrevocably submit to the exclusive jurisdiction of the courts of      the British Virgin Islands to settle any dispute which may arise out of or      in connection with this Agreement. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.29 | This      Agreement shall be governed by and construed in accordance with the laws      of the British Virgin Islands. |
|------|------------------------------------------------------------------------------------------------------------------------|

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| 1 | A      certified true copy of the minutes of a meeting of the directors of the      Seller authorising the execution by the appropriate signatories on behalf      of the Seller of this Agreement. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | A certified true copy of the resolutions of the      shareholders of the Seller authorising the transfer of the Shares in      accordance with section 175 of theAct.] |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | A certificate in the agreed form executed by the      Seller confirming that there has been no breach of any of the      Warranties. |
|---|--------------------------------------------------------------------------------------------------------------------------------------|

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| 1 | A      written instrument of transfer in respect of the Shares duly executed by      the Seller in favour of the Buyer. |
|---|-------------------------------------------------------------------------------------------------------------------------|

| 2 | The      original share certificates for the Shares (if any) and any other      documents which may be required to give good title to the Shares and to      enable the Buyer to procure registration of the Shares in its name or as      it may direct. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | A      certified true copy of the Company's register of members, updated so as to      reflect the transfer of the Shares to the Buyer as at the date of Completion. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | The      resignations in the agreed form of each of the Directors of the      Company. |
|---|----------------------------------------------------------------------------------------|

| 5 | Certified      copy of the board resolution of the Company in the agreed form.  |
|---|--------------------------------------------------------------------------------------|

----

| 1  | The      Shares |
|---------|-----------------|

| 1.1 | The      Shares constitute all of the issued and outstanding shares in the Company      and are fully paid or credited as fully paid.  The Company has      not granted any options or other rights (whether exercisable now or in the      future and whether contingent or not) to subscribe for shares or other      securities in the Company. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | The      Seller is the legal and beneficial owner of the Shares and has full      capacity and authority to sell the Shares in accordance with the terms of      this Agreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | There      is no Encumbrance on, over or affecting the Shares, no agreement to create      any Encumbrance has been made and no claim has been received by the Seller      that any person is entitled to anyEncumbrance. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2  | Capacity      and Authority |
|---------|-----------------------------|

| 2.1  | This      Agreement constitutes binding obligations of the Seller in accordance with      its terms; |
|-----------|------------------------------------------------------------------------------------------------------|

| 2.2 | The      execution and delivery of, and the performance by the Seller of its      obligations under, this Agreement willnot: |
|-----|------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | result      in a breach of, or constitute a default under, any instrument to which the      Seller is a party or by which the Seller is bound and which is material in      the context of the transactions contemplated by this      Agreement; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | result      in a breach of any order, judgment or decree of any court or governmental      agency to which the Seller is a party or by which the Seller is bound and      which is material in the context of the transactions contemplated by this      Agreement; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | allow      any person to exercise any right to acquire the Shares, whether by reason      of any pre-emption right or otherwise;or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | require      the Seller to obtain any consent or approval of, or give any notice to or      make any registration with, any governmental or other authority which has      not been obtained or made at the date hereof both on an unconditional      basis and on a basis which cannot be revoked (save pursuant to any legal      or regulatory entitlement to revoke the same other than by reason of any      misrepresentation or misstatement). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3  | The      Company and the Subsidiaries |
|---------|---------------------------------------|

| 3.1 | Each      of the Company and the Subsidiaries is duly incorporated and validly      existing under the laws of the jurisdiction in which it is      incorporated. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | The      Company has not, since incorporation, carried on any business or trade or      incurred any liabilities (including actual, future, contingent unqualified      or disputed liabilities), other thaninvestment. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.3 | The      Company does not own and has not owned since incorporation shares or other      interests in any corporate or other body other than the      Subsidiaries. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4 | The      Company does not act or carry on and has never acted or carried on      business in partnership with any other person.  The Company is      not, and never has been, a member of any unincorporated body, undertaking      or association. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.5 | The      Company has not and never has entered into any contract, commitment or      arrangement, whether written or otherwise and whether or not valid,      binding or legally enforceable in accordance with its    terms. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.6 | There      is no Encumbrance on, over or affecting any of the assets of the Company,      no agreement to create any Encumbrance has been made and no claim has been      received by the Seller that any person is entitled to any      Encumbrance. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4  | Compliance      with laws |
|---------|---------------------------|

| 4.1 | The      Company has not committed and is not liable for any criminal, illegal,      unlawful, ultra vires or unauthorised act or breach of covenant, contract      or statutory duty and there is no violation of, or default with respect      to, any statute, regulation, order, decree or judgment of any court or      central or local government agency. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | The      Company has not been a party to any understanding or assurance given to      any court or governmental or regulatory agency which is still in force and      there are no judgements or orders given or made by any court against the      Company which have not been fully satisfied and complied    with. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5  | Accuracy      of information |
|---------|------------------------------|

| 5.1 | The      information contained or referred to in Schedule 1 (The Company and the      Subsidiaries) is true, complete and accurate and not      misleading. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | The      records, statutory books and books of account of the Company are duly      written up and maintained in accordance with all legal requirements      applicable thereto and all such books and all records and documents      (including, without limitation, all documents of title, accounts, books,      ledgers and contracts to which it is a party) which are the property of      the Company are in its possession or under its  control. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6  | Employees |
|---------|-----------|

| 7  | Litigation |
|---------|------------|

| 7.1 | Neither      the Company nor any person for whose acts or omissions the Company may be      vicariously liable for are engaged in or subject to any civil, criminal or      arbitration proceedings or which have been issued and served and, as far      as the Seller is aware, there are no such proceedings pending or      threatened by or against the Company or against any such person and no      facts or circumstances likely to give rise to any such      proceedings. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | There      is no investigation or inquiry which is or has been conducted by any      governmental or other body into the affairs of the Company and the Seller      is not aware of any circumstances which would give rise to such an      investigation or inquiry. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 8  | Insolvency |
|---------|------------|

| 8.1  | The      Company has not: |
|-----------|---------------------------|

|   | (a) | entered      into any arrangement or composition for the benefit of its creditors or      any of them nor has it (or its agent or nominee) convened a meeting of its      creditors; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | been      the subject of a resolution for voluntary winding up under Part XII of the      Act nor has a meeting of its shareholders been called to consider a      resolution for winding up; or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (c)  | had      a receiver appointed in respect of all or any of its    assets. |
|--|-----------|--------------------------------------------------------------------------|

| 8.2  | The      Company is not unable to pay its debts as they fall  due. |
|-----------|--------------------------------------------------------------------|

| 8.3 | The      Company has not entered into any transaction at an undervalue nor been      given a preference which may be liable to be set aside or avoided for any      reason. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4 | The      Company has not entered into or suffered nor has there occurred any      analogous proceedings to those specifiedabove. |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

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| 1  | Pending      Completion the Seller will procure that each of the Company and the      Subsidiaries: |
|---------|-----------------------------------------------------------------------------------------------------|

|   | 1.1 | continues      to pay its creditors in the ordinary course of business or within the      usual terms of payment of suchcreditors; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.2 | maintains      in force all insurance policies usually kept in force relating in whole or      in part to its business andoperations; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.3 | maintains      all licences, consents and authorisations which are needed to carry on its      business and comply with all applicable laws and regulations;      and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 1.4  | maintains      all accounting and other records in the ordinary and usual      course. |
|--|-----------|----------------------------------------------------------------------------------------|

| 2 | The      Seller shall not and shall procure that each of the Company and the      Subsidiaries shall not at any time prior to Completion without the prior      written consent of the Buyer do, allow or procure any act or omission      which would (or would be likely to) cause, constitute or result in a      breach of any of the Warranties if they were to be expressly repeated at      Completion or which would make any of Warranties untrue, incorrect,      inaccurate or misleading if they were expressly repeated at      Completion. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Without      prejudice to the generality of paragraph 2, the Seller shall procure that      each of the Company and the Subsidiaries shall not at any time prior to      Completion without the prior written consent of the  Buyer: |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 3.1  | alter      its authorised shares or the rights attaching to any of its      shares; |
|--|-----------|-------------------------------------------------------------------------------------|

|   | 3.2 | create,      allot, issue, redeem, purchase, consolidate, convert or subdivide any      shares or loan capital or any securities convertible into shares or grant      any options for the issue of any such  securities; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 3.3  | subscribe      or otherwise acquire, or dispose of any shares in any    company; |
|--|-----------|----------------------------------------------------------------------------------|

|   | 3.4 | acquire      or dispose of the whole or part of the undertaking of it or of any other      person, firm or company; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------|

|  | 3.5  | send      any notice to its shareholders or pass any shareholder      resolution; |
|--|-----------|-----------------------------------------------------------------------------------|

|   | 3.6 | cease      to carry on its business or be wound up or enter into receivership,      administrative receivership or any form of management or administration of      its assets; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.7 | permit      or suffer any of its insurances to lapse or do anything which would make      any such policy of insurance null or voidable, fail to notify any      insurance claim in accordance with the terms of the relevant policy or      settle any insurance claim below the amount  claimed; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.8 | make      any change to its auditors, its bankers or the terms of the mandate given      to such bankers in relation to its account(s), or change its accounting      reference date; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.9 | borrow      monies (other than by way of its agreed overdraft facility), accept credit      (other than normal trade credit), make payments out of or drawings on its      bank accounts other than in the ordinary and usual course or repay any      loan or financial facility; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  | 3.10  | make      any payment otherwise than on an arm’s length  basis; |
|--|------------|-----------------------------------------------------------------------|

|   | 3.11 | enter      into or give or permit or suffer to subsist any guarantee of or indemnity      or contract of suretyship for or otherwise commit itself in respect of the      due payment of money or the performance of any contract, engagement or      obligation of any other person orbody; |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 3.12  | declare      or pay any dividend or make any other  distribution; |
|--|------------|-------------------------------------------------------------------|

|  | 3.13  | enter      into any partnership, consortium, association or joint      venture; |
|--|------------|---------------------------------------------------------------------------------|

|  | 3.14  | engage      any employee; |
|--|------------|---------------------------|

|   | 3.15 | make      any loan or give any credit (other than normal trade credit) or acquire      any loan capital of any corporate body (wherever      incorporated); |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.16 | amend      or terminate any contract or commitment other than in the ordinary course      of business; |
|--------|------|--------------------------------------------------------------------------------------------------------|

|   | 3.17 | enter      into any leasing, hire, hire purchase or other agreement for payment on      deferred terms or any unusual or onerous contract or any other material or      major or long-term contract; |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.18 | make      any change in its business or do any act or thing outside the ordinary      course of the business carried on byit; |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------|

|   | 3.19 | commence      or conduct any litigation (save for the collection of debts arising in the      ordinary course of business) or settle or compromise any claim or dispute;      or |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.20 | enter      into any contract or non-binding commitment to do any of the acts or      matters referred to in this paragraph3. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------|

| 4  | The      Seller shall not at any time prior to  Completion: |
|---------|-------------------------------------------------------------|

|   | 4.1 | dispose      or attempt to dispose of any interest in the Shares or grant any option      over, or mortgage, charge or otherwise encumber any of the Shares;      or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.2 | enter      into or continue any discussions or negotiations with any persons as      regards the Shares or any partthereof. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------|

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|   |   | Wenfu Wang                   |
|--------|--------|------------------------------|
| Signed |   | Full      name (pleaseprint) |

|   |   | Changli Wang                  |
|--------|--------|-------------------------------|
| Signed |   | Full      name (please print) |

----