Lansdowne Security, Inc.: Exhibit 10.2 - Filed by newsfilecorp.com






Exhibit 10.2

Equity Transfer Agreement 

This Equity Transfer Agreement (“the Agreement”)
is made in Jinjiang City, Fujian Province, PRC on this day of December 30, 2010
between: 

Transferor: Ding Yuxi, holds Philippines
Alien Registration Certificate (No. F0000032444). 

Transferee: DK International Group Ltd., a
limited liability company duly established and existing under the laws of
British Virgin Islands. 

Whereas, 

Dake (Fujian) Sports Goods CO., LTD. (“Dake”),
a limited liability company duly established and existing under the laws of
PRC, with its registered address at Henggoutou Industrial District, Chendai
Town, Jinjiang City, Fujian Province, China; Legal Representative: Ding Yuxi.


The registered capital of Dake is USD 1,800,000 structured as
below: 

	Name of 	Subscription
    	 
	Shareholder 	Amount 	Percentage	Paid-up Capital  
	  	  	 	  
	Ding Yuxi 	U.S. Dollar 	100% 	U.S. Dollar 
	  	1,800,000 	 	1,800,000 


By friendly negotiation, Transfer and Transferee agree the
following: 

	1. 	
      Share Transfer



Subject to the terms and conditions of the Agreement,
Transferor agrees to transfer 100% of the equity interests owned by him in to
Transferee. Transferee agrees to purchase the equity interests above. 

	2. 	
      Transfer Price



Both parties agree the Transfer Price regarding the equity
interests above as follows: 

All of Transfer’s equity interests in Dake will be transferred
thereof at the price of USD 1,800,000; 

	3. 	
      Payment of Transfer
Price



Within 30 days after the Agreement signed, Transferee shall pay
the Transfer Price to the bank account(s) appointed by the Transferor. 

	4. 	
      Representations and Warrants of the
      Transferor



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The transferor hereby warrants that: 

	
4.1 		
The Transferor is a Chinese citizen.

	
	 	 
	
4.2 		
The Transferor has lawfully owned the equity interests under the Agreement, and can lawfully transfer the equity interests to Transferee pursuant to the laws of PRC. In addition, there is no mortgage, pledge or third-party
interest over the equity interests. The equity interests thereof should not be recovered back by any other third party.

	
	 	 
	
4.3 		
For the purpose of the execution and performance of the Agreement, the Transferor has authority to carry on the proposed transaction thereof from his shareholders meeting or board of directors and approved by related competent
authorities, respectively.

	
	 	 
	
4.4 		
The execution and performance of the Agreement will not result in breaching or conflicting with any terms of Dake’s articles of association or violating any laws, regulation or any relevant agreement.

	
	 	 
	
4.5 		
The evaluation report of the Share Value under the Agreement has been properly registered in appropriate authorities under the laws of PRC.

	
	 	 
	
5. 		
Representations and Warranties of Transferee

	



The Transferee hereby warrants that: 

	
5.1 		
Transferee is a limited liability company duly established and existing under the laws of British Virgin Islands.

	
	 	 
	
5.2 		
For the purpose of the execution and performance of this Agreement, Transferee has authority to carry on the proposed purchase from its board of directors.

	
	 	 
	
5.3 		
The execution and performance of the Agreement will not result in breaching or conflicting with any terms of its articles of association or violating any laws, regulation or any relevant agreement.

	
	 	 
	
6. 		
Undertakings

	



Both parties undertake that they will provide or execute all related documents that they should provide and execute for the completion of the Share Transfer. 

	
7. 		
Default Liabilities

	



Any party that breaches any of its representations and warrants or its obligations under the Agreement shall assume to be liable for compensation. 

	
8. 		
Governing Law and Dispute Resolution

	
	 	 
	
8.1 		
This Agreement shall be governed and construed by the PRC laws.

	



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8.2 		
Any dispute arising out of the performance of the Agreement or in connection with the Agreement shall be settled through friendly consultation between the relevant parties. If the dispute cannot be settled by friendly
consultation, any party may submit the dispute to any competent courts of the PRC.

	
	 	 
	
9. 		
Effectiveness

	



The Agreement shall come into force after signed by the authorized representatives of all parties thereon, as well as approved by related competent authorities. 

	
10. 		
Miscellaneous

	
	 	 
	
10.1 		
Both parties shall bear their taxations, costs and fees concerning the share transfer in accordance to the relevant PRC laws. Unless provided in the Agreement, each party shall bear its own costs and fees concerning the
transaction under the Agreement.

	
	 	 
	
10.2 		
The Agreement is written in Chinese and English in counterparts in each language, and should there be any discrepancy between the two language versions, the Chinese version shall prevail. One counterpart of each language text
shall be retained by each Party.

	



In witness, this Agreement has been signed by representatives duly authorized by the parties on the day and year first written above. 


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(Execution Page) 


Transferor: Ding Yuxi  


(Signature): _____________________


 


Transferee: DK International Group Ltd. 

                       (Seal) 


Authorized Representative: __________________


(Signature) __________________


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