Document:

Unassociated Document

    
      Exhibit
4.1

       

      

      MDU
COMMUNICATIONS INTERNATIONAL, INC.

      2009
EMPLOYEE STOCK PURCHASE PLAN

      

      The following constitute the provisions
of the 2009 Employee Stock Purchase Plan (the “Plan”) of MDU Communications
International, Inc. (the "Company").

      

      1.           Purpose.
The purpose of the Plan is to provide employees of the Company and its
Designated Parents or Subsidiaries with an opportunity to purchase Common Stock
of the Company through accumulated payroll deductions. It is the intention of
the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under
Section 423 of the Code. The provisions of the Plan, accordingly, shall be
construed so as to extend and limit participation in a manner consistent with
the requirements of that section of the Code.

      

      2.           Definitions.
As used herein, the following definitions shall apply:

      

      
        	
                 
      

              	
                (a)  "Administrator" means
      either the Board or a committee of the Board that is responsible for the
      administration of the Plan as is designated from time to time by
      resolution of the Board.

              

      

      

      
        	
                 
      

              	
                (b)  "Applicable Laws" means
      the legal requirements relating to the administration of employee stock
      purchase plans, if any, under applicable provisions of federal securities
      laws, state corporate and securities laws, the Code, the rules of any
      applicable stock exchange or national market system, and the rules of any
      foreign jurisdiction applicable to participation in the Plan by residents
      therein.

              

      

      

      
        	
                 
      

              	
                (c)  "Board" means the Board
      of Directors of the Company.

              

      

      

      
        	
                 
      

              	
                (d)  "Change in Control"
      means a change in ownership or control of the Company effected through the
      direct or indirect acquisition by any person or related group of persons
      (other than an acquisition from or by the Company or by a
      Company-sponsored employee benefit plan or by a person that directly or
      indirectly controls, is controlled by, or is under common control with,
      the Company) of beneficial ownership (within the meaning of
      Rule 13d-3 of the Exchange Act) of securities possessing more than
      fifty percent (50%) of the total combined voting power of the Company's
      outstanding securities.

              

      

      

      
        	
                 
      

              	
                (e)  "Code" means the
      Internal Revenue Code of 1986, as
amended.

              

      

      

      
        	
                 
      

              	
                (f)  "Common Stock" means the
      common stock of the Company.

              

      

      

      
        	
                 
      

              	
                (g)  "Company" means MDU
      Communications International, Inc., a Delaware
      corporation.

              

      

      

      
        	
                 
      

              	
                (h)  "Compensation" means an
      Employee's base salary, overtime, bonus and annual award and other
      incentive payments from the Company or one or more Designated Parents or
      Subsidiaries, including such amounts of base salary as are deferred by the
      Employee (i) under a qualified cash or deferred arrangement described
      in Section 401(k) of the Code, or (ii) to a plan qualified under
      Section 125 of the Code. Compensation does not include reimbursements
      or other expense allowances, fringe benefits (cash or noncash), moving
      expenses, deferred compensation, contributions (other than contributions
      described in the first sentence) made on the Employee's behalf by the
      Company or one or more Designated Parents or Subsidiaries under any
      employee benefit or welfare plan now or hereafter established, and any
      other payments not specifically referenced in the first
      sentence.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (i)  "Corporate Transaction"
      means any of the following
transactions:

              

      

      

      
        	
                 
      

              	
                (1)  a
      merger or consolidation in which the Company is not the surviving entity,
      except for a transaction the principal purpose of which is to change the
      state in which the Company is
incorporated;

              

      

      

      
        	
                 
      

              	
                (2)  the
      sale, transfer or other disposition of all or substantially all of the
      assets of the Company (including the capital stock of the Company's
      subsidiary corporations) in connection with complete liquidation or
      dissolution of the Company;

              

      

      

      
        	
                 
      

              	
                (3)  any
      reverse merger in which the Company is the surviving entity but in which
      securities possessing more than fifty percent (50%) of the total combined
      voting power of the Company's outstanding securities are transferred to a
      person or persons different from those who held such securities
      immediately prior to such merger;
or

              

      

      

      
        	
                 
      

              	
                (4)  acquisition
      by any person or related group of persons (other than the Company or by a
      Company-sponsored employee benefit plan) of beneficial ownership (within
      the meaning of Rule 13d-3 of the Exchange Act) of securities
      possessing more than fifty percent (50%) of the total combined voting
      power of the Company's outstanding securities (whether or not in a
      transaction also constituting a Change in Control), but excluding any such
      transaction that the Administrator determines shall not be a Corporate
      Transaction.

              

      

      

      
        	
                 
      

              	
                (j)  "Designated Parents or
      Subsidiaries" means the Parents or Subsidiaries which have been
      designated by the Administrator from time to time as eligible to
      participate in the Plan.

              

      

      

      
        	
                 
      

              	
                (k)  "Effective Date" means
      April 1, 2009. However, should any Designated Parent or Subsidiary become
      a participating company in the Plan after such date, then such entity
      shall designate a separate Effective Date with respect to its
      employee-participants.

              

      

      

      
        	
                 
      

              	
                (l)  "Employee" means any
      individual, including an officer or director, who is an employee of the
      Company or a Designated Parent or Subsidiary for purposes of
      Section 423 of the Code. For purposes of the Plan, the employment
      relationship shall be treated as continuing intact while the individual is
      on sick leave or other leave of absence approved by the individual's
      employer. Where the period of leave exceeds ninety (90) days and the
      individual's right to reemployment is not guaranteed either by statute or
      by contract, the employment relationship will be deemed to have terminated
      on the ninety-first (91st) day of such leave, for purposes of determining
      eligibility to participate in the
Plan.

              

      

      

      
        	
                 
      

              	
                (m)  "Enrollment Date" means
      the first day of each Offer Period.

              

      

      

      
        	
                 
      

              	
                (n)  "Exchange Act" means the
      Securities Exchange Act of 1934, as
amended.

              

      

      

      
        	
                 
      

              	
                (o)  "Exercise Date" means
      the last day of each Purchase
Period.

              

      

      

      
        	
                 
      

              	
                (p)  "Fair Market Value"
      means, as of any date, the value of Common Stock determined as
      follows:

              

      

      

      
        	
                 
      

              	
                (1)  where
      there exists a public market for the Common Stock, the Fair Market Value
      shall be (i) the closing price for a Share on the date of the
      determination (or, if no closing price was reported on that date, on the
      last trading date on which a closing price was reported) on the stock
      exchange determined by the Administrator to be the primary market for the
      Common Stock or the NASDAQ National Market, whichever is applicable or
      (ii) if the Common Stock is not traded on any such exchange or
      national market system, the average of the closing bid and asked prices of
      a Share on the Over the Counter Bulleting Board on the date of the
      determination (or, if no such prices were reported on that date, on the
      last date on which such prices were reported), in each case, as reported
      in such source as the Administrator deems reliable;
  or

              

      

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (2)  in
      the absence of an established market of the type described in (1), above,
      for the Common Stock, and subject to (3), below, the Fair Market Value
      thereof shall be determined by the Administrator in good
      faith.

              

      

      

      
        	
                 
      

              	
                (q)  "Offer Period" means an
      Offer Period established pursuant to Section 4
  hereof.

              

      

      

      
        	
                 
      

              	
                (r)  "Parent" means a "parent
      corporation," whether now or hereafter existing, as defined in
      Section 424(e) of the Code.

              

      

      

      
        	
                 
      

              	
                (s)  "Participant" means an
      Employee of the Company or Designated Parent or Subsidiary who is actively
      participating in the Plan.

              

      

      

      
        	
                 
      

              	
                (t)  "Plan" means this 2009
      Employee Stock Purchase Plan.

              

      

      

      
        	
                 
      

              	
                (u)  "Purchase Period" means
      a period of three months, commencing on January 1, April 1,
      July 1 and October 1 of each year and terminating on the next
      following March 31, June 30, September 30 and
      December 31, respectively.

              

      

      

      
        	
                 
      

              	
                (v)  "Purchase Price" shall
      mean an amount equal to 85% of the Fair Market Value of a share of Common
      Stock at the beginning of the Purchase Period or on the Exercise Date,
      whichever is lower.

              

      

      

      
        	
                 
      

              	
                (w)  "Reserves" means the sum
      of the number of shares of Common Stock covered by each option under the
      Plan which have not yet been exercised and the number of shares of Common
      Stock which have been authorized for issuance under the Plan but not yet
      placed under option.

              

      

      

      
        	
                 
      

              	
                (x)  "Subsidiary" means a
      "subsidiary corporation," whether now or hereafter existing, as defined in
      Section 424(f) of the Code.

              

      

      

      3.           Eligibility.

      

      
        	
                 
      

              	
                (a)  General. Any individual
      who is an Employee on a given Enrollment Date shall be eligible to
      participate in the Plan for the Offer Period commencing with such
      Enrollment Date.

              

      

      

      
        	
                 
      

              	
                (b)  Limitations on Grant and
      Accrual. Any provisions of the Plan to the contrary
      notwithstanding, no Employee shall be granted an option under the Plan
      (i) if, immediately after the grant, such Employee (taking into
      account stock owned by any other person whose stock would be attributed to
      such Employee pursuant to Section 424(d) of the Code) would own stock
      and/or hold outstanding options to purchase stock possessing five percent
      (5%) or more of the total combined voting power or value of all classes of
      stock of the Company or of any Parent or Subsidiary, or (ii) which
      permits the Employee's rights to purchase stock under all employee stock
      purchase plans of the Company and its Parents or Subsidiaries to accrue at
      a rate which exceeds Twenty-Five Thousand Dollars ($25,000) worth of stock
      (determined at the Fair Market Value of the shares at the time such option
      is granted) for each calendar year in which such option is outstanding at
      any time. The determination of the accrual of the right to purchase stock
      shall be made in accordance with Section 423(b)(8) of the Code and
      the regulations thereunder.

              

      

      

      
        	
                 
      

              	
                (c)  Other Limits on
      Eligibility. Notwithstanding Subsection (a), above, the following
      Employees shall not be eligible to participate in the Plan for any
      relevant Offer Period: (i) Employees whose customary employment is
      20 hours or less per week; (ii) Employees whose customary
      employment is for not more than 5 months in any calendar year;
      (iii) Employees who have been employed for fewer than six consecutive
      calendar months; and (iv) Employees who are subject to rules or laws
      of a foreign jurisdiction that prohibit or make impractical the
      participation of such Employees in the
Plan.

              

      

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      4.           Offer Periods.

      

      
        	
                 
      

              	
                (a)  The
      Plan shall be implemented through overlapping or consecutive Offer Periods
      until such time as (i) the maximum number of shares of Common Stock
      available for issuance under the Plan shall have been purchased or
      (ii) the Plan shall have been sooner terminated in accordance with
      Section 19 hereof. The maximum duration of an Offer Period shall be
      twenty-seven (27) months. Initially, the Plan shall be implemented
      through overlapping Offer Periods of twenty-four (24) months'
      duration commencing April 1, 2009.

              

      

      

      
        	
                 
      

              	
                (b)  A
      Participant shall be granted a separate option for each Offer Period in
      which he or she participates. The option shall be granted on the
      Enrollment Date and shall be automatically exercised in successive
      installments on the Exercise Dates ending within the Offer
      Period.

              

      

      

      
        	
                 
      

              	
                (c)  Except
      as specifically provided herein, the acquisition of Common Stock through
      participation in the Plan for any Offer Period shall neither limit nor
      require the acquisition of Common Stock by a Participant in any subsequent
      Offer Period.

              

      

      

      5.           Participation.

      

      
        	
                 
      

              	
                (a)  All
      Employees eligible to participate in the Plan as of the first Enrollment
      Date of the Plan shall be eligible to make payroll deductions for shares
      of the Common Stock on the Exercise Date of the first Purchase Period of
      the initial Offer Period in an amount up to the aggregate Purchase Price
      for such number of shares of the Common Stock as equals fifty percent
      (50%) of the Participant's annual salary and one hundred percent (100%) of
      all bonus and other Compensation that he or she receives during calendar
      year 2009. Participants shall complete and sign the Subscription Agreement
      in the form of Exhibit A to this Plan, indicating the amount of
      payroll deduction and/or direct
payment.

              

      

      

      
        	
                 
      

              	
                (b)  After
      the initial Offer Period, an eligible Employee may become a Participant in
      the Plan by completing a subscription agreement authorizing payroll
      deductions in the form of Exhibit A to this Plan (or such other form
      (including electronic forms) as determined by the Administrator from time
      to time) and filing it with the designated payroll office of the Company
      at least three (3) business days prior to the Enrollment Date for the
      Offer Period in which such participation will commence, unless a later
      time for filing the subscription agreement is set by the Administrator for
      all eligible Employees with respect to a given Offer Period. No direct
      payment for shares shall be permitted after the initial Offer
      Period.

              

      

      

      
        	
                 
      

              	
                (c)  For
      Offer Periods other than the initial Offer Period, payroll deductions for
      a Participant shall commence with the first partial or full payroll period
      beginning on the Enrollment Date and shall end on the last complete
      payroll period during the Offer Period, unless sooner terminated by the
      Participant as provided in
Section 10.

              

      

      

      6.           Payroll
Deductions.

      

      
        	
                 
      

              	
                (a)  At
      the time a Participant files a subscription agreement, the Participant
      shall elect to have payroll deductions made during the Offer Period in
      amounts between one percent (1%) and not exceeding fifty percent (50%) of
      the Participant's salary and between one percent (1%) and not exceeding
      one hundred percent (100%) of all bonuses and other Compensation which the
      Participant receives during the Offer
Period.

              

      

      

      
        	
                 
      

              	
                (b)  All
      payroll deductions made for a Participant shall be credited to the
      Participant's account under the Plan and will be withheld in whole
      percentages only. A Participant may not make any additional payments into
      such account.

              

      

      

      
        	
                 
      

              	
                (c)  A
      Participant may discontinue participation in the Plan as provided in
      Section 10, or may increase or decrease the rate of payroll
      deductions during the Offer Period by completing and filing with the
      Company a change of status notice in the form of Exhibit B to this
      Plan (or such other form (including electronic forms) as determined by the
      Administrator from time to time) authorizing an increase or decrease in
      the payroll deduction rate. Any increase or decrease in the rate of a
      Participant's payroll deductions shall be effective with the first full
      payroll period commencing three (3) business days after the Company's
      receipt of the change of status notice unless the Company elects to
      process a given change in participation more quickly. A Participant's
      subscription agreement (as modified by any change of status notice) shall
      remain in effect for successive Offer Periods unless terminated as
      provided in Section 10. The Administrator shall be authorized to
      limit the number of payroll deduction rate changes during any Offer
      Period.

              

      

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (d)  Notwithstanding
      the foregoing, to the extent necessary to comply with
      Section 423(b)(8) of the Code and Section 3(b) herein, a
      Participant's payroll deductions shall be decreased to 0%. Payroll
      deductions shall recommence at the rate provided in such Participant's
      subscription agreement, as amended, at the time when permitted under
      Section 423(b)(8) of the Code and Section 3(b) herein, unless
      such participation is sooner terminated by the Participant as provided in
      Section 10.

              

      

      

      7.           Grant of
Option. On the Enrollment Date, each Participant shall be granted an
option to purchase (at the applicable Purchase Price) such number of shares of
the Common Stock in an amount of aggregate Purchase Price as equals up to fifty
percent (50%) of the Participant's salary and one hundred percent (100%) of
bonus and other Compensation for the period, subject to adjustment as provided
in Section 18 hereof; provided that such option shall be subject to the
limitations set forth in Sections 3(b), 6 and 12 hereof, subject to adjustment
as provided in Section 18 hereof. Exercise of the option shall occur as
provided in Section 8, unless the Participant has withdrawn pursuant to
Section 10, and the option, to the extent not exercised, shall expire on
the last day of the Offer Period.

      

      8.           Exercise of
Option. The Participant's option for the purchase of shares will be
exercised automatically on each Exercise Date, by applying the accumulated
payroll deductions in the Participant's account to purchase the number of full
shares subject to the option by dividing such Participant's payroll deductions
accumulated prior to such Exercise Date and retained in the Participant's
account as of the Exercise Date by the applicable Purchase Price, provided,
however, that if a Participant is eligible to purchase any shares on the first
Exercise Date of the initial Offer Period by direct payment, the Participant's
option for the purchase of shares will be exercised to the extent possible by
applying the direct payment amount made by the Participant to purchase the
number of full shares subject to the option by dividing such direct payment
amount by the applicable Purchase Price and, provided, further, in no event may
the accumulated payroll deductions and direct payment amounts applied to the
purchase of shares on the first Exercise Date of the initial Offer Period exceed
the amount specified in Section 5(a). No fractional shares will be
purchased; any payroll deductions accumulated in a Participant's account which
are not sufficient to purchase a full share shall be carried over to the next
Purchase Period or Offer Period, whichever applies, or returned to the
Participant, if the Participant withdraws from the Plan. Any direct payment
amounts which are not sufficient to purchase a full share shall be returned to
the Participant. Notwithstanding the foregoing, any amount remaining in a
Participant's account or any excess direct payment amount following the purchase
of shares on the Exercise Date due to the application of Section 423(b)(8)
of the Code or Section 7, above, shall be returned to the Participant and
shall not be carried over to the next Offer Period or Purchase Period. During a
Participant's lifetime, a Participant's option to purchase shares hereunder is
exercisable only by the Participant.

      

      9.           Delivery.
Upon receipt of a request from a Participant after each Exercise Date on which a
purchase of shares occurs, the Company shall arrange the delivery to such
Participant, as promptly as practicable, of a certificate representing the
shares purchased upon exercise of the Participant's option.

      

      10.         Withdrawal; Termination of
Employment.

      

      
        	
                 
      

              	
                (a)  A
      Participant may not withdraw the payroll deductions credited to the
      Participant's account and not yet used to exercise the Participant's
      option under the Plan. A participant may at any time terminate future
      payroll deductions, but allow accumulated payroll deductions to be used to
      exercise the Participant's option under the Plan at any time by giving
      written notice to the Company in the form of Exhibit B to this Plan
      (or such other form (including electronic forms) as determined by the
      Administrator from time to time). Upon termination, no further payroll
      deductions for the purchase of shares will be made during the Offer
      Period, all of the Participant's payroll deductions credited to the
      Participant's account will be applied to the exercise of the Participant's
      option on the next Exercise Date, and after such Exercise Date, such
      Participant's option for the Offer Period will be automatically
      terminated. If a Participant withdraws from an Offer Period, payroll
      deductions will not resume at the beginning of the succeeding Offer Period
      unless the Participant delivers to the Company a new subscription
      agreement.

              

      

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (b)  Upon
      termination of a Participant's employment relationship (as described in
      Section 2(k)), the payroll deductions credited to such Participant's
      account during the Offer Period but not yet used to exercise the option
      will be applied to the purchase of Common Stock on the next Exercise Date.
      In such a case, no further payroll deductions will be credited to the
      Participant's account following the Participant's termination of
      employment and the Participant's option under the Plan will be
      automatically terminated after the purchase of Common Stock on the next
      scheduled Exercise Date.

              

      

      

      11.           Interest.
No interest shall accrue on the payroll deductions credited to a Participant's
account under the Plan.

      

      12.           Stock.

      

      
        	
                 
      

              	
                (a)  Subject
      to adjustment upon changes in capitalization of the Company as provided in
      Section 18, the maximum number of shares of Common Stock which shall
      be made available for sale under the Plan shall be one million five
      hundred thousand (1,500,000) shares. If the Administrator determines that
      on a given Exercise Date the number of shares with respect to which
      options are to be exercised may exceed (x) the number of shares then
      available for sale under the Plan or (y) the number of shares
      available for sale under the Plan on the Enrollment Date(s) of one or more
      of the Offer Periods in which such Exercise Date is to occur, the
      Administrator may make a pro rata allocation of the shares remaining
      available for purchase on such Enrollment Dates or Exercise Date, as
      applicable, in as uniform a manner as shall be practicable and as it shall
      determine to be equitable, and shall either continue all Offer Periods
      then in effect or terminate any one or more Offer Periods then in effect
      pursuant to Section 19, below.

              

      

      

      
        	
                 
      

              	
                (b)  A
      Participant will have no interest or voting right in shares covered by the
      Participant's option until such shares are actually purchased on the
      Participant's behalf in accordance with the applicable provisions of the
      Plan. No adjustment shall be made for dividends, distributions or other
      rights for which the record date is prior to the date of such
      purchase.

              

      

      

      
        	
                 
      

              	
                (c)  Shares
      to be delivered to a Participant under the Plan will be registered in the
      name of the Participant or in the name of the Participant and his or her
      spouse.

              

      

      

      13.           Administration.
The Plan shall be administered by the Administrator which shall have full and
exclusive discretionary authority to construe, interpret and apply the terms of
the Plan, to determine eligibility and to adjudicate all disputed claims filed
under the Plan. Every finding, decision and determination made by the
Administrator shall, to the full extent permitted by Applicable Law, be final
and binding upon all persons.

      

      14.           Designation of
Beneficiary.

      

      
        	
                 
      

              	
                (a)  Each
      Participant shall file a written designation of a beneficiary who is
      to receive any shares and cash, if any, from the Participant's account
      under the Plan in the event of such Participant's
  death.

              

      

      

      
        	
                 
      

              	
                (b)  Such
      designation of beneficiary may be changed by the Participant (and the
      Participant's spouse, if any) at any time by written notice. In the event
      of the death of a Participant and in the absence of a beneficiary validly
      designated under the Plan who is living (or in existence) at the time of
      such Participant's death, the Company shall deliver such shares and/or
      cash to the executor or administrator of the estate of the Participant, or
      if no such executor or administrator has been appointed (to the knowledge
      of the Administrator), the Administrator shall deliver such shares and/or
      cash to the spouse (or domestic partner, as determined by the
      Administrator) of the Participant, or if no spouse (or domestic partner)
      is known to the Administrator, then to the issue of the Participant, such
      distribution to be made per stirpes (by right of representation), or if no
      issue are known to the Administrator, then to the heirs at law of the
      Participant determined in accordance with
  Section 27.

              

      

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      15.           Transferability.
Neither payroll deductions credited to a Participant's account nor any rights
with regard to the exercise of an option or to receive shares under the Plan may
be assigned, transferred, pledged or otherwise disposed of in any way (other
than by will, the laws of descent and distribution, or as provided in
Section 14 hereof) by the Participant. Any such attempt at assignment,
transfer, pledge or other disposition shall be without effect, except that the
Administrator may treat such act as an election to withdraw funds from an Offer
Period in accordance with Section 10.

      

      16.           Use of
Funds. All payroll deductions received or held by the Company under the
Plan may be used by the Company for any corporate purpose, and the Company shall
not be obligated to segregate such payroll deductions. The funds allocated to a
Participant's account shall remain the property of the Participant but may be
commingled with the general funds of the Company.

      

      17.           Reports.
Individual accounts will be maintained for each Participant in the Plan.
Statements of account will be given to Participants at least annually, which
statements will set forth the amounts of payroll deductions, the Purchase Price,
the number of shares purchased and the remaining cash balance, if
any.

      

      18.           Adjustments Upon Changes in
Capitalization; Corporate Transactions.

      

      
        	
                 
      

              	
                (a)  Adjustments Upon Changes in
      Capitalization. Subject to any required action by the stockholders
      of the Company, the Reserves, the Purchase Price, the maximum number of
      shares that may be purchased in any Offer Period or Purchase Period, as
      well as any other terms that the Administrator determines require
      adjustment shall be proportionately adjusted for (i) any increase or
      decrease in the number of issued shares of Common Stock resulting from a
      stock split, reverse stock split, stock dividend, combination or
      reclassification of the Common Stock, (ii) any other increase or
      decrease in the number of issued shares of Common Stock effected without
      receipt of consideration by the Company, or (iii) as the
      Administrator may determine in its discretion, any other transaction with
      respect to Common Stock to which Section 424(a) of the Code applies;
      provided, however that conversion of any convertible securities of the
      Company shall not be deemed to have been "effected without receipt of
      consideration." Such adjustment shall be made by the Administrator and its
      determination shall be final, binding and conclusive. Except as the
      Administrator determines, no issuance by the Company of shares of stock of
      any class, or securities convertible into shares of stock of any class,
      shall affect, and no adjustment by reason hereof shall be made with
      respect to, the Reserves and the Purchase
Price.

              

      

      

      
        	
                 
      

              	
                (b)  Corporate Transactions.
      In the event of a proposed Corporate Transaction, each option under the
      Plan shall be assumed by such successor corporation or a parent or
      subsidiary of such successor corporation, unless the Administrator
      determines, in the exercise of its sole discretion and in lieu of such
      assumption, to shorten the Offer Period then in progress by setting a new
      Exercise Date (the "New Exercise Date"). If the Administrator shortens the
      Offer Period then in progress in lieu of assumption in the event of a
      Corporate Transaction, the Administrator shall notify each Participant in
      writing, at least ten (10) business days prior to the New Exercise
      Date, that the Exercise Date for the Participant's option has been changed
      to the New Exercise Date and that the Participant's option will be
      exercised automatically on the New Exercise Date, unless prior to such
      date the Participant has withdrawn from the Offer Period as provided in
      Section 10. For purposes of this Subsection, an option granted under
      the Plan shall be deemed to be assumed if, in connection with the
      Corporate Transaction, the option is replaced with a comparable option
      with respect to shares of capital stock of the successor corporation or
      Parent thereof. The determination of option comparability shall be made by
      the Administrator prior to the Corporate Transaction and its determination
      shall be final, binding and conclusive on all
  persons.

              

      

      

      19.           Amendment or
Termination.

      

      
        	
                 
      

              	
                (a)  The
      Administrator may at any time and for any reason terminate or amend the
      Plan. Except as provided in Section 18, no such termination can
      affect options previously granted, provided that the Plan or any one or
      more Offer Periods may be terminated by the Administrator on any Exercise
      Date or by the Administrator establishing a new Exercise Date with respect
      to any Offer Period and/or any Purchase Period then in progress if the
      Administrator determines that the termination of the Plan or such one ore
      more Offer Periods is in the best interests of the Company and its
      stockholders. Except as provided in Section 18 and this
      Section 19, no amendment may make any change in any option
      theretofore granted which adversely affects the rights of any Participant
      without the consent of affected Participants. To the extent necessary to
      comply with Section 423 of the Code (or any successor rule or
      provision or any other Applicable Law), the Company shall obtain
      stockholder approval in such a manner and to such a degree as
      required.

              

      

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (b)  Without
      stockholder consent and without regard to whether any Participant rights
      may be considered to have been "adversely affected," the Administrator
      shall be entitled to limit the frequency and/or number of changes in the
      amount withheld during Offer Periods, change the length of Purchase
      Periods within any Offer Period, determine the length of any future Offer
      Period, determine whether future Offer Periods shall be consecutive or
      overlapping, establish the exchange ratio applicable to amounts withheld
      in a currency other than U.S. dollars, establish additional terms,
      conditions, rules or procedures to accommodate the rules or laws of
      applicable foreign jurisdictions, permit payroll withholding in excess of
      the amount designated by a Participant in order to adjust for delays or
      mistakes in the Company's processing of properly completed withholding
      elections, establish reasonable waiting and adjustment periods and/or
      accounting and crediting procedures to ensure that amounts applied toward
      the purchase of Common Stock for each Participant properly correspond with
      amounts withheld from the Participant's Compensation, and establish such
      other limitations or procedures as the Administrator determines in its
      sole discretion advisable and which are consistent with the
      Plan.

              

      

      

      20.           Notices.
All notices or other communications by a Participant to the Company under or in
connection with the Plan shall be deemed to have been duly given when received
in the form specified by the Administrator at the location, or by the person,
designated by the Administrator for the receipt thereof.

      

      21.           Conditions Upon
Issuance of Shares. Shares shall not be issued with respect to an option
unless the exercise of such option and the issuance and delivery of such shares
pursuant thereto shall comply with all Applicable Laws and shall be further
subject to the approval of counsel for the Company with respect to such
compliance. As a condition to the exercise of an option, the Company may require
the Participant to represent and warrant at the time of any such exercise that
the shares are being purchased only for investment and without any present
intention to sell or distribute such shares if, in the opinion of counsel for
the Company, such a representation is required by any of the aforementioned
Applicable Laws.

      

      22.           Term of
Plan. The Plan shall become effective upon the earlier to occur of its
adoption by the Board or its approval by the stockholders of the Company. It
shall continue in effect for a term of seven (7) years unless sooner
terminated under Section 19.

      

      23.           Stockholder
Approval. Continuance of the Plan shall be subject to approval by the
stockholders of the Company within twelve (12) months before or after the
date the Plan is adopted. Such stockholder approval shall be obtained in the
degree and manner required under Applicable Laws.

      

      24.           No Employment
Rights. The Plan does not, directly or indirectly, create any right for
the benefit of any employee or class of employees to purchase any shares under
the Plan, or create in any employee or class of employees any right with respect
to continuation of employment by the Company or a Designated Parent or
Subsidiary, and it shall not be deemed to interfere in any way with such
employer's right to terminate, or otherwise modify, an employee's employment at
any time.

      

      25.           No Effect on
Retirement and Other Benefit Plans. Except as specifically provided in a
retirement or other benefit plan of the Company or a Designated Parent or
Subsidiary, participation in the Plan shall not be deemed compensation for
purposes of computing benefits or contributions under any retirement plan of the
Company or a Designated Parent or Subsidiary, and shall not affect any benefits
under any other benefit plan of any kind or any benefit plan subsequently
instituted under which the availability or amount of benefits is related to
level of compensation. The Plan is not a "Retirement Plan" or "Welfare Plan"
under the Employee Retirement Income Security Act of 1974, as
amended.

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      

      26.           Effect of
Plan. The provisions of the Plan shall, in accordance with its terms, be
binding upon, and inure to the benefit of, all successors of each Participant,
including, without limitation, such Participant's estate and the executors,
administrators or trustees thereof, heirs and legatees, and any receiver,
trustee in bankruptcy or representative of creditors of such
Participant.

      

      27.           Governing
Law. The Plan is to be construed in accordance with and governed by the
internal laws of the State of Delaware without giving effect to any choice of
law rule that would cause the application of the laws of any jurisdiction other
than the internal laws of the State of Delaware to the rights and duties of the
parties, except to the extent the internal laws of the State of Delaware are
superseded by the laws of the United States. Should any provision of the Plan be
determined by a court of law to be illegal or unenforceable, the other
provisions shall nevertheless remain effective and shall remain
enforceable.

      

      28.           Dispute
Resolution. The provisions of this Section 28 (and as restated in
the Subscription Agreement) shall be the exclusive means of resolving disputes
arising out of or relating to the Plan. The Company and the Participant, or
their respective successors (the "parties"), shall attempt in good faith to
resolve any disputes arising out of or relating to the Plan by negotiation
between individuals who have authority to settle the controversy. Negotiations
shall be commenced by either party by notice of a written statement of the
party's position and the name and title of the individual who will represent the
party. Within thirty (30) days of the written notification, the parties
shall meet at a mutually acceptable time and place, and thereafter as often as
they reasonably deem necessary, to resolve the dispute. If the dispute has not
been resolved by negotiation, the parties agree that any suit, action, or
proceeding arising out of or relating to the Plan shall be brought in the United
States District Court for the District of New Jersey (or should such court lack
jurisdiction to hear such action, suit or proceeding, in a New Jersey state
court in Passaic County) and that the parties shall submit to the jurisdiction
of such court. The parties irrevocably waive, to the fullest extent permitted by
law, any objection the party may have to the laying of venue for any such suit,
action or proceeding brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY
RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION OR
PROCEEDING. If any one or more provisions of this Section 28 shall for any
reason be held invalid or unenforceable, it is the specific intent of the
parties that such provisions shall be modified to the minimum extent necessary
to make it or its application valid and enforceable.

      

      29.           Additional
Restrictions of Rule 16b-3. The terms and conditions of options
granted hereunder to, and the purchase of share of Common Stock by, persons
subject to Section 16 of the Exchange Act shall comply with the applicable
provisions of Rule 16b-3. This Plan shall be deemed to contain, and such
options shall contain, and the shares issued upon exercise thereof shall be
subject to, such additional conditions and restrictions as may be required by
Rule 16b-3 to qualify for the maximum exemption from Section 16 of the
Exchange Act with respect to Plan transactions.

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      

      Exhibit A

      MDU
Communications International, Inc.–2009 Employee Stock Purchase
Plan

      SUBSCRIPTION
AGREEMENT

      Effective
with the Offer Period beginning on:  _________ __, 20__

      

      
        	
                1.

              	
                Personal
      Information.

              

      

      

      
        	
                Legal
      Name (Please Print):

              	
                Daytime
      Telephone:

              
	 
      
	
                Street
      Address:

              	
                Home
      Telephone:

              
	 
      
	
                City,
      State, Country, Zip/Postal:

              	 
      
	 
      
	
                Social
      Security No.:

              	 
      

      

      

      
        	
                2.

              	
                Eligibility.
      Any Employee whose customary employment is more than 20 hours per
      week and more than 5 months per calendar year, who has been an
      Employee for more than 6 consecutive calendar months and who does not hold
      (directly or indirectly) five percent (5%) or more of the combined voting
      power of the Company, a parent or a subsidiary, whether in stock or
      options to acquire stock is eligible to participate in the MDU
      Communications International, Inc. 2009 Employee Stock Purchase Plan
      (the "ESPP"); provided, however, that Employees who are subject to the
      rules or laws of a foreign jurisdiction that prohibit or make impractical
      the participation of such Employees in the ESPP are not eligible to
      participate.

              

      

      

      
        	
                3.

              	
                Definitions.
      Each capitalized term in this Subscription Agreement shall have the
      meaning set forth in the ESPP.

              

      

      

      
        	
                4.

              	
                Subscription.
      I hereby elect to participate in the ESPP and subscribe to purchase shares
      of the Company's Common Stock in accordance with this Subscription
      Agreement and the ESPP. I have received a complete copy of the ESPP and a
      prospectus describing the ESPP and understand that my participation in the
      ESPP is in all respects subject to the terms of the ESPP. The
      effectiveness of this Subscription Agreement is dependent on my
      eligibility to participate in the
ESPP.

              

      

      

      
        	
                5.

              	
                Payroll
      Deduction Authorization. I hereby authorize payroll deductions from my
      Compensation during the Offer Period in the percentage specified below
      (payroll reductions may not exceed 50% of salary and 100% of bonus and
      other Compensation, subject to the overall limitation of no more than
      $25,000 per calendar year):

              

      

      

      
        	
                Percentage
      of Salary to be Deducted:

              	
                %

              
	
                Percentage
      of Bonus and other Compensation:

              	
                %

              

      

      

      
        	
                6.

              	
                ESPP
      Accounts and Purchase Price. I understand that all payroll deductions will
      be credited to my account under the ESPP. No additional payments may be
      made to my account. No interest will be credited on funds held in the
      account at any time including any refund of the account caused by
      withdrawal from the ESPP. All payroll deductions shall be accumulated for
      the purchase of Company Common Stock at the applicable Purchase Price
      determined in accordance with the
ESPP.

              

      

      

      
        	
                7.

              	
                Withdrawal
      and Changes in Payroll Deduction. I understand that I may discontinue my
      participation in the ESPP at any time prior to an Exercise Date as
      provided in Section 10 of the ESPP, any accumulated payroll
      deductions will be applied automatically to purchase Company Common Stock.
      I may increase or decrease the rate of my payroll deductions in whole
      percentage increments to not less than one percent (1%) on one occasion
      during any Purchase Period by completing and timely filing a Change of
      Status Notice. Any increase or decrease will be effective for the full
      payroll period occurring after three (3) business days from the
      Company's receipt of the Change of Status
  Notice.

              

      

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

       

      
        	
                8.

              	
                Perpetual
      Subscription. I understand that this Subscription Agreement shall remain
      in effect for successive Offer Periods until I withdraw from participation
      in the ESPP, or termination of the
ESPP.

              

      

      

      
        	
                9.

              	
                Taxes.
      I have reviewed the ESPP prospectus discussion of the federal tax
      consequences of participation in the ESPP and consulted with tax
      consultants as I deemed advisable prior to my participation in the ESPP. I
      hereby agree to notify the Company in writing within fifteen
      (15) days of any disposition (transfer or sale) of any shares
      purchased under the ESPP if such disposition occurs within two
      (2) years of the Enrollment Date (the first day of the Offer Period
      during which the shares were purchased) or within one (1) year of the
      Exercise Date (the date I purchased such shares), and I will make adequate
      provision to the Company for foreign, federal, state or other tax
      withholding obligations, if any, which arise upon the disposition of the
      shares. In addition, the Company may withhold from my Compensation any
      amount necessary to meet applicable tax withholding obligations incident
      to my participation in the ESPP, including any withholding necessary to
      make available to the Company any tax deductions or benefits contingent on
      such withholding.

              

      

      

      
        	
                10.

              	
                Dispute
      Resolution. The provisions of this Section 10 and Section 28 of
      the ESPP shall be the exclusive means of resolving disputes arising out of
      or relating to the Plan. The Company and I, or our respective successors
      (the "parties"), shall attempt in good faith to resolve any disputes
      arising out of or relating to the Plan by negotiation between individuals
      who have authority to settle the controversy. Negotiations shall be
      commenced by either party by notice of a written statement of the party's
      position and the name and title of the individual who will represent the
      party. Within thirty (30) days of the written notification, the
      parties shall meet at a mutually acceptable time and place, and thereafter
      as often as they reasonably deem necessary, to resolve the dispute. If the
      dispute has not been resolved by negotiation, the Company and I agree that
      any suit, action, or proceeding arising out of or relating to the Plan
      shall be brought in the United States District Court for the District of
      New Jersey (or should such court lack jurisdiction to hear such action,
      suit or proceeding, in a New Jersey state court in Passaic County) and
      that we shall submit to the jurisdiction of such court. The Company and I
      irrevocably waive, to the fullest extent permitted by law, any objection
      we may have to the laying of venue for any such suit, action or proceeding
      brought in such court. THE COMPANY AND I ALSO EXPRESSLY WAIVE ANY RIGHT WE
      HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION OR PROCEEDING.
      If any one or more provisions of this Section 10 or Section 28
      of the ESPP shall for any reason be held invalid or unenforceable, it is
      the specific intent of the Company and I that such provisions shall be
      modified to the minimum extent necessary to make it or its application
      valid and enforceable.

              

      

      

      
        	
                11.

              	
                Designation
      of Beneficiary. In the event of my death, I hereby designate the following
      person or trust as my beneficiary to receive all payments and shares due
      to me under the ESPP:

              

      

      

      
        	
                Beneficiary
      (please print):

              
	 
      
	
                Relationship
      to Beneficiary (if any):

              
	 
      
	
                Street
      Address of Beneficiary:

              
	 
      
	
                City,
      State, Country, Zip/Postal:

              
	 
      
	
                Social
      Security Number of Beneficiary:

              

      

      

      
        	
                12.

              	
                Termination
      of ESPP. I understand that the Company has the right, exercisable in its
      sole discretion, to amend or terminate the ESPP at any time, and a
      termination may be effective as early as an Exercise Date, including the
      establishment of an alternative date for an Exercise Date within each
      outstanding Offer Period.

              

      

      

      
        	
                Date:
      ____________

              	
                Employee
      Signature:
  ____________________________________________

              

      

       

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

       

      Exhibit B

      MDU
Communications International, Inc.–2009 Employee Stock Purchase
Plan

      CHANGE
OF STATUS NOTICE

      

      
        	
                Participant
      Name (Please Print):

              	 
	 
      	 
	
                Social
      Security Number:

              	 
	 
      	 
      	 
	
                

              	
                Withdrawal
      and Purchase of Common Stock:

              	 
	 
      	
                I
      hereby withdraw from the MDU Communications International, Inc. 2009
      Employee Stock Purchase Plan (the "ESPP") and agree that my option and
      payroll deduction under the applicable Offer Period will be automatically
      terminated and all accumulated payroll deductions credited to my account
      will be applied to the purchase of Common Stock. No further payroll
      deductions will be made for the purchase of shares in the applicable Offer
      Period and I shall be eligible to participate in a future Offer Period
      only by timely delivery to the Company of a new Subscription
      Agreement.

                 

              
	
                

              	
                Change
      in Payroll Deduction:

              	 
	 
      	
                I
      hereby elect to change my rate of payroll deduction under the ESPP as
      follows:

              	 
	 	 	 
	 	      
                Percentage
      of Salary to be Deducted:

              	%
	 	      
                Percentage
      of Bonus and other Compensation to be Deducted:

              	%

      

       

      
        	 
      	
                An
      increase or a decrease in payroll deduction will be effective for the
      first full payroll period commencing no fewer than three (3) business
      days following the Company's receipt of this notice, unless this change is
      processed more quickly.

                 

              
	
                

              	
                Change
      of
      Beneficiary:                 I
      am
      single                 I
      am married

                 

              
	 
      	
                This
      change of beneficiary shall terminate my previous beneficiary designation
      under the ESPP. In the event of my death, I hereby designate the following
      person or trust as my beneficiary to receive all payments and shares due
      to me under the ESPP:

              

      

      

      
        	 
      	
                New
      Beneficiary (please print):

              
	 
      	 
      	 
      
	 
      	
                Relationship
      to Beneficiary (if any):

              
	 
      	 
      	 
      
	 
      	
                Street
      Address of Beneficiary:

              
	 
      	 
      	 
      
	 
      	
                City,
      State, Country, Zip/Postal:

              
	 
      	 
      	 
      
	 
      	
                Social
      Security Number of Beneficiary:

              
	 	 	 
	 	      
                Date:
      ________________

              	      
                Employee
      Signature:
      ____________________________________________________________

              

      

       

      
        
           

        

        
          12__________

       

       

      SHARE EXCHANGE AGREEMENT

    

    
      

    

    
      

      

      Among:

    

    
      

      

    

    
      TECHMEDIA ADVERTISING,
INC.

    

    
      

      

      

    

    
      And:

    

    
      

      

    

    
      TECHMEDIA ADVERTISING
MAURITIUS

    

    
      

      

      

    

    
      And:

    

    
      

      

    

    
      THE SHAREHOLDERS
OF

      TECHMEDIA ADVERTISING
MAURITIUS

    

    
      

      

      

      

    

    
      

    

    
      

    

    
      __________

    

    
      

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    SHARE EXCHANGE AGREEMENT

    

    

    THIS
SHARE EXCHANGE AGREEMENT is dated and made for reference effective as
fully executed on this 27th day of
July, 2009.

    

    

    BETWEEN:

    

    

    TECHMEDIA
ADVERTISING, INC., a corporation organized under the laws of the State of
Nevada and having an address for notice and delivery located at c/o 62 Upper
Cross Street, #04-01, Singapore  058353

    

    (the
“Acquirer”);

    OF THE FIRST
PART

    

    AND:

    

    TECHMEDIA
ADVERTISING MAURITIUS, a corporation organized under the laws of
Mauritius and having an address for notice and delivery located at c/o Appleby
Management (Mauritius) Ltd., 8th Floor, Medine Mews, La Chaussée Street, Port
Louis, Mauritius

    

    (the
“Company”);

    OF THE SECOND
PART

    

    AND:

    

    TERNES
CAPITAL LTD., a shareholder of TechMedia Advertising Mauritius, having an
address for notice and delivery located at P.O. Box 957, Offshore Incorporations
Centre, Road Town, Tortola, British Virgin Islands

    

    (“Ternes”);

    OF THE THIRD
PART

    

    

    

    AND:

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    JOHNNY
LIAN TIAN YONG, a shareholder of
TechMedia Advertising Mauritius, having an address for notice and delivery
located at Blk 84 Jalan Daud #06-01 Windy Heights Singapore 419593

    

    

    (“Johnny”)

    OF THE FOURTH
PART

    

    AND:

    

    ONEMEDIA
LIMITED, a
shareholder of TechMedia Advertising Mauritius, having an address for notice and
delivery located at 10A Gemmill Lane, Singapore 069251

    

    (“OneMedia”)

    OF THE FIFTH
PART

    

    (Ternes,
Johnny and OneMedia each being hereinafter singularly referred to as a “Vendor” and collectively
referred to as the “Vendors” as the context so
requires);

    

    (the
Vendors, the Company and the Acquirer being hereinafter singularly also referred
to as a “Party” and
collectively referred to as the “Parties” as the context so
requires).

    

    WHEREAS:

    

    A.                      The
Company is a body corporate subsisting under and registered pursuant to the laws
of Mauritius;

    

    B.                      The
Company is the sole beneficial shareholder of TechMedia Advertising (India)
Private Limited (“TM India”), a company organized under the laws of India, or is
in the process of acquiring the beneficial interest in all of the issued and
outstanding shares in the capital of TM India, which is engaged in selling
outdoor advertising on billboards and digital signs in India located in high
traffic locations, which locations range from transportation vehicles,
commercial buildings, supermarkets and restaurants, by partnering with media
space owners (the “Company’s
Business”);

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    C.                      The
Vendors are, or will prior to Closing, become the legal and beneficial owner of
all of the issued and outstanding shares in the capital of the Company; the
particulars of the registered and beneficial ownership of such Company Stock
being set forth in Schedule “A” which is attached hereto and which forms a
material part hereof;

    

    D.                      The
Parties hereto have agreed to enter into this Share Exchange Agreement (the
“Agreement”) which
formalizes, amends and replaces, in its entirety, the Letter of Intent, dated
March 13, 2009, and which clarifies their respective duties and obligations in
connection with the acquisition by the Acquirer from the Vendors of all of the
issued and outstanding shares in the capital of the Company (the “Company Stock”) together
with the further development of the Company’s Business as a consequence
thereof;

    

    E.                      The
exchange of Company Stock for Acquirer Stock is intended to constitute a
tax-free reorganization under Section 368 of the Internal Revenue Code of 1986,
as amended (the “Code”), or such other tax
free reorganization exemptions that may be available under the Code;
and

    

    F.                      The
exchange of Company Stock for Acquirer Stock will be conducted concurrently with
the cancellation of 24,000,000 shares of the Acquirer’s common stock with a par
value of US$0.001 per share, held by Mr. Alan Goh, CEO of the
Acquirer.

    

    

    NOW
THEREFORE THIS AGREEMENT WITNESSETH that in consideration of
the mutual promises, covenants and agreements herein contained, THE
PARTIES HERETO COVENANT AND AGREE WITH EACH OTHER as
follows:

    

    

    Article
1

    DEFINITIONS

    

    

    1.1                      Definitions.   For
the purposes of this Agreement, except as otherwise expressly provided or unless
the context otherwise requires, the following words and phrases shall have the
following meanings:

    

    
      	
               
      

            	
              (a)

            	
              “Action” has the meaning
      ascribed to it in Article “4.1(q)”
hereinbelow;

            

    

    

    
      	
               
      

            	
              (b)

            	
              “Acquirer” means
      TechMedia Advertising, Inc., a corporation organized under the laws of the
      State of Nevada, or any successor company, however formed, whether as a
      result of merger, amalgamation or other
action;

            

    

    

    
      	
               
      

            	
              (c)

            	
              “Acquirer Commission
      Documents” has the meaning ascribed to it in Article “4.1(m)”
      hereinbelow;

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (d)

            	
              “Acquirer’s Financial
      Statements” has the meaning ascribed to it in Article “4.1(n)”
      hereinbelow;

            

    

    

    
      	
               
      

            	
              (e)

            	
              “Acquirer’s
      Ratification” has the meaning ascribed to it in Article “5.1(a)”
      hereinbelow;

            

    

    

    
      	
               
      

            	
              (f)

            	
              “Acquirer Stock” means
      the 24,000,000 shares of common stock of the Acquirer to be issued and
      delivered to the Vendors on a pro rata basis in
      Consideration for the Company Stock, representing 53.4% of the total
      issued and outstanding shares of common stock of the Acquirer post-Closing
      and subsequent to the concurrent cancellation of 24,000,000 shares by the
      Acquirer’s current officer and
director;

            

    

    

    
      	
               
      

            	
              (g)

            	
              “Agreement” means this
      “Share Exchange Agreement” as entered into among the Vendors, the Company
      and the Acquirer herein, together with any amendments thereto and any
      Schedules as attached thereto;

            

    

    

    
      	
               
      

            	
              (h)

            	
              “Board of Directors”
      means, as applicable, the respective Board of Directors of each of the
      Parties hereto as duly constituted from time to
  time;

            

    

    

    
      	
               
      

            	
              (i)

            	
              “business day” means any
      day that is not a Saturday, Sunday or other day on which commercial banks
      in New York, New York, are authorized or required by law to remain
      closed;

            

    

    

    
      	
               
      

            	
              (j)

            	
              “Closing” has the
      meaning ascribed to it in Article “6.1”
  hereinbelow;

            

    

    

    
      	
               
      

            	
              (k)

            	
              “Closing Date” has the
      meaning ascribed to it in Article “6.1”
  hereinbelow;

            

    

    

    
      	
               
      

            	
              (l)

            	
              “Code” has the meaning
      ascribed to it in recital “E.”
hereinabove;

            

    

    

    
      	
               
      

            	
              (m)

            	
              “Commission” means the
      United States Securities and Exchange
  Commission;

            

    

    

    
      	
               
      

            	
              (n)

            	
              “Company” means
      TechMedia Advertising Mauritius, a corporation organized under the laws of
      Mauritius, or any successor company, however formed, whether as a result
      of merger, amalgamation or other
action;

            

    

    

    
      	
               
      

            	
              (o)

            	
              “Company’s Business” has
      the meaning ascribed to it in recital “B.”
  hereinabove;

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (p)

            	
              “Company Stock” has the
      meaning ascribed to it in recital “D.” hereinabove; the particulars
      of the registered and beneficial ownership of such Company Stock being set
      forth in Schedule “A” which is attached
hereto;

            

    

    

    
      	
               
      

            	
              (q)

            	
              “Consideration” has the
      meaning ascribed to it in Article “2.2”
  hereinbelow;

            

    

    

    
      	
               
      

            	
              (r)

            	
              “Defaulting Party” and
      “Non-Defaulting
      Party” have the meanings ascribed to them in Article “12”
      hereinbelow;

            

    

    

    
      	
               
      

            	
              (s)

            	
              “Encumbrances” means
      mortgages, liens, charges, security interests, encumbrances and third
      party claims of any nature;

            

    

    

    
      	
               
      

            	
              (t)

            	
              “Exchange Act” means the
      Securities Exchange Act of 1934, as
amended;

            

    

    

    
      	
               
      

            	
              (u)

            	
              “Execution Date” means
      the actual date of the complete execution of this Agreement and any
      amendment thereto by all Parties hereto as set forth on the front page
      hereof;

            

    

    

    
      	
               
      

            	
              (v)

            	
              “GAAP” means United
      States generally accepted accounting principles applied on a consistent
      basis during the periods involved (except (i) as may be otherwise
      indicated in such financial statements or the notes thereto or (ii) in the
      case of unaudited interim statements, to the extent they may not include
      footnotes or may be condensed or summary
  statements);

            

    

    

    
      	
               
      

            	
              (w)

            	
              “Indemnified Party” and
      “Indemnified
      Parties” have the meanings ascribed to them in Article “7.1”
      hereinbelow;

            

    

    

    
      	
               
      

            	
              (x)

            	
              “Intellectual Property”
      means all rights and interests to all patents, patents pending,
      inventions, know-how, any operating or identifying name or registered or
      unregistered trademarks and trade names, all computer programs, licensed
      end-user software, source codes, products and applications (and related
      documentation and materials) and other works of authorship (including
      notes, reports, other documents and materials, magnetic, electronic, sound
      or video recordings and any other work in which copyright or similar
      rights may subsist) and all copyrights (registered or unregistered)
      therein, industrial designs (registered or unregistered), franchises,
      licenses, authorities, restrictive covenants or other industrial or
      intellectual property;

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (y)

            	
              “Material Adverse
      Effect” shall mean any event, occurrence, change in facts,
      conditions or other change or effect which has resulted or could
      reasonably be expected to be materially adverse to the Acquirer. For the
      purposes hereof, an event, occurrence, change in facts, conditions or
      other change or effect which has resulted or could reasonably be expected
      to result in a suit, action, charge, claim, demand, cost, damage, penalty,
      fine, liability or other adverse consequence of at least US$250,000 shall
      be deemed to constitute a “Material Adverse
  Effect”;

            

    

    

    
      	
               
      

            	
              (z)

            	
              “OTCBB” means the
      Over-the-Counter Bulletin Board;

            

    

    

    
      	
               
      

            	
              (aa)

            	
              “Parties” or “Party” means,
      respectively, the Vendors, the Company and/or the Acquirer hereto, as the
      case may be, together with their respective successors and permitted
      assigns as the context so requires;

            

    

    

    
      	
               
      

            	
              (bb)

            	
              “person” or “persons” means an
      individual, corporation, partnership, party, trust, fund, association and
      any other organized group of persons and the personal or other legal
      representative of a person to whom the context can apply according to
      law;

            

    

    

    
      	
               
      

            	
              (cc)

            	
              “Regulatory Authorities”
      means any public authority or governmental agency responsible for
      exercising autonomous authority in enforcing statutes or regulations in
      relation to matters relating to the transactions contemplated
      herein;

            

    

    

    
      	
               
      

            	
              (dd)

            	
              “Securities Act” means
      the Securities Act of 1933, as
amended;

            

    

    

    
      	
               
      

            	
              (ee)

            	
              “Takeover” means that
      transaction or series of transactions pursuant to which the Acquirer will
      acquire all of the Company Stock of the Company from the Vendors in
      exchange for the issuance by the Acquirer of 24,000,000 shares of common
      stock of the Acquirer and all matters necessarily ancillary
      thereto;

            

    

    

    
      	
               
      

            	
              (ff)

            	
              “Time of Closing” means
      2:00 o’clock, p.m. (New York City Time) on the Closing Date;
      and

            

    

    

    
      	
               
      

            	
              (gg)

            	
              “Vendors” means the
      shareholders of the Company who have executed this Agreement as a Party
      hereto.

            

    

    

    

    1.2                      Schedules. For the purposes of this
Agreement, except as otherwise expressly provided or unless the context
otherwise requires, the following shall represent the Schedules which are
attached to this Agreement and which form a material part hereof:

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

                                                       

    
      
        	 	Schedule	Description
	
                 
      

              	
                Schedule
      “A”

              	
                Company
      Stock and Vendors;

              

      

    

    
      	
               
      

            	
              Schedule
      “B”

            	
              Financial
      Statements;

            

    

    

    1.3                      Interpretation. For the purposes of this
Agreement, except as otherwise expressly provided or unless the context
otherwise requires:

    

    
      	
               
      

            	
              (a)

            	
              the
      words “herein”, “hereof” and “hereunder” and other words of similar import
      refer to this Agreement as a whole and not to any particular Article,
      section or other subdivision of this
Agreement;

            

    

    

    
      	
               
      

            	
              (b)

            	
              any
      reference to an entity shall include and shall be deemed to be a reference
      to any entity that is a permitted successor to such entity;
      and

            

    

    

    
      	
               
      

            	
              (c)

            	
              words
      in the singular include the plural and words in the masculine gender
      include the feminine and neuter genders, and vice
    versa.

            

    

    

    

    Article
2

    EXCHANGE OF SHARES

    

    

    2.1                      Exchange
by Vendors.   Subject to the terms and conditions hereof
and based upon the representations and warranties contained in Articles “3” and
“4” hereinbelow and prior satisfaction of the conditions precedent which are set
forth in Article “5” hereinbelow, the Vendors hereby agree to assign, sell and
transfer at the Closing Date (as hereinafter determined) all of their respective
rights, entitlements and interests in and to the Company Stock to the Acquirer
and the Acquirer hereby agrees to acquire all of the Company Stock from the
Vendors on the terms and subject to the conditions contained in this
Agreement.

    

    2.2                      Consideration.   The
aggregate consideration (the “Consideration”) for all of
the Company Stock will be satisfied by way of the issuance and delivery by the
Acquirer to the Vendors at the Closing Date, in accordance with Article “2.3”
hereinbelow, of an aggregate of 24,000,000 shares of common stock in the capital
of the Acquirer (the “Acquirer
Stock”) on a pro
rata basis in accordance with each Vendors percentage ownership in the
Company.

    

    2.3                      Resale
Restrictions.   The Vendors hereby acknowledge and agree
that the Acquirer makes no representations as to any resale or other restriction
affecting the Acquirer Stock and that it is presently contemplated that the
Acquirer Stock will be issued by the Acquirer to the Vendors in reliance upon
the registration and prospectus exemptions contained in the Securities Act, or
“Regulation S”
promulgated under the Securities Act which will impose a trading restriction in
the United States on the Acquirer Stock for a period of at least 6 months from
the Closing Date (as hereinafter determined).

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    Article
3

    REPRESENTATIONS AND WARRANTIES BY THE
VENDORS

    

    

    3.1                      General
Representations and Warranties by the Vendors.   In order
to induce the Acquirer to enter into and consummate this Agreement, the Vendors
severally represent and warrant to the Acquirer, with the intent that the
Acquirer will rely thereon in entering into this Agreement and in concluding the
transactions contemplated herein, that in respect of the Company, to the best of
the knowledge, information and belief of each of the Vendors, after having made
due inquiry:

    

    
      	
               
      

            	
              (a)

            	
              it
      is duly organized under the laws of its respective jurisdiction of
      incorporation and is validly existing and in good standing with respect to
      all statutory filings required by the applicable corporate
      laws;

            

    

    

    
      	
               
      

            	
              (b)

            	
              it
      is qualified to do business in those jurisdictions where it is necessary
      to fulfill its obligations under this Agreement and it has the full power
      and authority to enter into this Agreement and any agreement or instrument
      referred to or contemplated by this
Agreement;

            

    

    

    
      	
               
      

            	
              (c)

            	
              it
      has the requisite power, authority and capacity to own and use all of its
      respective business assets and to carry on its respective business as
      presently conducted by it and to fulfill its respective obligations under
      this Agreement;

            

    

    

    
      	
               
      

            	
              (d)

            	
              the
      execution and delivery of this Agreement and the agreements contemplated
      hereby have been duly authorized by all necessary action, corporate or
      otherwise, on its respective part;

            

    

    

    
      	
               
      

            	
              (e)

            	
              there
      are no other consents, approvals or conditions precedent to the
      performance of this Agreement which have not been
  obtained;

            

    

    

    
      	
               
      

            	
              (f)

            	
              this
      Agreement constitutes a legal, valid and binding obligation of it
      enforceable against it in accordance with its terms, except as enforcement
      may be limited by laws of general application affecting the rights of
      creditors;

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (g)

            	
              no
      proceedings are pending for, and it is unaware of, any basis for the
      institution of any proceedings leading to its respective dissolution or
      winding up, or the placing of it in bankruptcy or subject to any other
      laws governing the affairs of insolvent companies or
    persons;

            

    

    

    
      	
               
      

            	
              (h)

            	
              the
      making of this Agreement and the completion of the transactions
      contemplated hereby and the performance of and compliance with the terms
      hereof does not and will not:

            

    

    

    
      	
               
      

            	
              (i)

            	
              conflict
      with or result in a breach of or violate any of the terms, conditions or
      provisions of its respective organizational
  documents;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              conflict
      with or result in a breach of or violate any of the terms, conditions or
      provisions of any law, judgment, order, injunction, decree, regulation or
      ruling of any Court or governmental authority, domestic or foreign, to
      which it is subject, or constitute or result in a default under any
      agreement, contract, license, permit, or commitment to which it is a
      party;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              give
      to any party the right of termination, cancellation or acceleration in or
      with respect to any agreement, contract, license or commitment to which it
      is a party;

            

    

    

    
      	
               
      

            	
              (iv)

            	
              give
      to any government or governmental authority, or any municipality or any
      subdivision thereof, including any governmental department, commission,
      bureau, board or administration agency, any right of termination,
      cancellation or suspension of, or constitute a breach of or result in a
      default under, any permit, license, control or authority issued to it
      which is necessary or desirable in connection with the conduct and
      operations of its respective business and the ownership or leasing of its
      respective business assets; or

            

    

    

    
      	
               
      

            	
              (v)

            	
              constitute
      a default by it, or any event which, with the giving of notice or lapse of
      time or both, might constitute an event of default, under any agreement,
      contract, indenture or other instrument relating to any indebtedness of it
      which would give any party to that agreement, contract, indenture or other
      instrument the right to accelerate the maturity for the payment of any
      amount payable under that agreement, contract, indenture or other
      instrument; and

            

    

    

    
      	
               
      

            	
              (i)

            	
              neither
      this Agreement nor any other document, certificate or written statement
      furnished to the Acquirer by or on behalf of any of the Vendors or the
      Company in connection with the transactions contemplated hereby knowingly
      or negligently contains any untrue or incomplete statement of material
      fact or omits to state a material fact necessary in order to make the
      statements therein not misleading;

            

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (j)

            	
              this
      Agreement has been duly authorized, executed and delivered by the Vendors
      and the Company and is a legal, valid and binding obligation of each of
      the Vendors and the Company, enforceable against each of the Vendors
      and/or the Company, as the case may be, by the Acquirer in accordance with
      its terms, except as enforcement may be limited by bankruptcy, insolvency
      and other laws affecting the rights of creditors generally and except that
      equitable remedies may be granted only in the discretion of a court of
      competent jurisdiction;

            

    

    

    
      	
               
      

            	
              (k)

            	
              no
      person other than the Acquirer has any written or oral agreement or option
      or any right or privilege (whether by law, pre-emptive or contractual)
      capable of becoming an agreement, or option for the purchase or
      acquisition from the Vendors of any of the Company
  Stock;

            

    

    

    
      	
               
      

            	
              (l)

            	
              the
      Company Stock is beneficially owned by the Vendors with good and
      marketable title thereto free of all Encumbrances and is registered in the
      books of the Company in the name of the Vendors and, without limitation
      thereto, none of the Company Stock is subject to any voting trust,
      unanimous shareholders agreement, other shareholders agreements, pooling
      agreements or voting agreements;

            

    

    

    
      	
               
      

            	
              (m)

            	
              upon
      completion of the transactions contemplated by this Agreement, all of the
      Company Stock will be owned by the Acquirer as the beneficial owner of
      record, with good and marketable title thereto (except for such
      Encumbrances as may have been granted by the Acquirer);
  and

            

    

    

    
      	
               
      

            	
              (n)

            	
              the
      Company is, or is in the process of becoming, the sole beneficial
      shareholder of TM India, a company organized under the laws of
      India.

            

    

    

    3.2                      Survival
of the Representations and Warranties by each of the
Vendors.   To the extent they have not been fully
performed at or prior to the Time of Closing, each and every representation and
warranty of the Vendors contained in this Agreement and any agreement,
instrument, certificate or other document executed or delivered pursuant to this
Agreement shall:

    

    
      	
               
      

            	
              (a)

            	
              be
      materially true and correct on and as of the Closing Date with the same
      force and effect as though made or given on the Closing
    Date;

            

    

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (b)

            	
              remain
      in full force and effect notwithstanding any investigations conducted by
      or on behalf of the Acquirer; and

            

    

    

    
      	
               
      

            	
              (c)

            	
              survive
      the completion of the transactions contemplated by this Agreement until
      the second anniversary of the Closing Date and shall continue in full
      force and effect for the benefit of the Acquirer during that period,
      except that a claim for any breach of any of the representations and
      warranties contained in this Agreement or in any agreement, instrument,
      certificate or other document executed or delivered pursuant hereto
      involving fraud or fraudulent misrepresentation may be made at any time
      following the Closing Date, subject only to applicable limitation periods
      imposed by law.

            

    

    

    
      	
               
      

            	
              (d)

            	
              to
      the extent they have not been fully performed at or prior to the Time of
      Closing, each and every representation and warranty of the Vendors
      contained in this Agreement and any agreement, instrument, certificate or
      other document executed or delivered pursuant to this Agreement shall
      survive the completion of the transactions contemplated by this Agreement
      and, notwithstanding such completion, shall continue in full force and
      effect for the benefit of the
Acquirer.

            

    

    

    3.3                      For
the avoidance of doubt and notwithstanding anything to the contrary contained in
this Agreement, all representations and warranties, unless expressly provided
otherwise in this Agreement, are in respect of matters and events on or before
the Closing and not after.

    

    

    Article
4

    WARRANTIES AND REPRESENTATIONS BY THE
ACQUIRER

    

    

    4.1                      Warranties
and Representations by the Acquirer.  In order to induce the
Vendors and the Company to enter into and consummate this Agreement, the
Acquirer hereby warrants to and represents to each of the Vendors and the
Company, with the intent that each of the Vendors and the Company will rely
thereon in entering into this Agreement and in concluding the transactions
contemplated herein, that, to the best of the knowledge, information and belief
of the Acquirer, after having made due inquiry:

    

    Corporate
Status of the Acquirer

    

    
      	
               
      

            	
              (a)

            	
              the
      Acquirer is a company with limited liability duly and properly
      incorporated, organized and validly subsisting under the laws of the State
      of Nevada being the only jurisdiction where it is required to be
      registered for the purpose of enabling it to carry on its business and own
      its property as presently carried on and
owned;

            

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (b)

            	
              the
      Acquirer has good and sufficient power, authority and right to own or
      lease its property, to enter into this Agreement and to perform its
      obligations hereunder;

            

    

    

    Authorization

    

    
      	
               
      

            	
              (c)

            	
              this
      Agreement has been duly authorized, executed and delivered by the Acquirer
      and is a legal, valid and binding obligation of the Acquirer, enforceable
      against the Acquirer, as the case may be, by the Vendors and/or the
      Company in accordance with its terms, except as enforcement may be limited
      by bankruptcy, insolvency and other laws affecting the rights of creditors
      generally and except that equitable remedies may be granted only in the
      discretion of a court of competent
jurisdiction;

            

    

    

    Share
Capital

    

    
      	
               
      

            	
              (d)

            	
              the
      authorized capital of the Acquirer currently consists of 1,100,000,000
      shares of common stock with a par value of US$0.001 per share of which
      44,919,000 shares of common stock of the Acquirer have been duly issued
      and are outstanding as fully paid and non-assessable.  There are
      no bonds, debentures, notes or other indebtedness of Acquirer which have
      the right to vote (or convertible into, or exchangeable for, securities
      having the right to vote) on any matters on which holders of the
      Acquirer’s common stock may vote;

            

    

    

    
      	
               
      

            	
              (e)

            	
              all
      of the issued and outstanding shares of common stock of the Acquirer are
      listed and posted for trading on the
OTCBB;

            

    

    

    
      	
               
      

            	
              (f)

            	
              the
      Acquirer will allot and issue the Acquirer Stock on the Closing Date in
      accordance with Articles “2.2” and “2.3” hereinabove as duly authorized,
      fully paid and non-assessable in the capital of the Acquirer, free and
      clear of all actual or threatened liens, charges, security interests,
      options, encumbrances, voting agreements, voting trusts, demands,
      limitations and restrictions of any nature whatsoever, other than hold
      periods or other restrictions imposed under applicable securities
      legislation or by securities regulatory
  authorities;

            

    

    

    Options

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (g)

            	
              no
      person has any agreement or option or any right or privilege (whether by
      law, pre-emptive or contractual) capable of becoming an agreement,
      including convertible securities, warrants or convertible obligations of
      any nature, for the purchase, subscription, allotment or issuance of any
      unissued shares or other securities of the
  Acquirer;

            

    

    

    Directors
and Officers

    

    
      	
               
      

            	
              (h)

            	
              the
      present directors and officers of the Acquirer are as
    follows:

            

    

     

    
      
        	 	Name	Position
	 	 	 
	
                 
      

              	
                Alan
      Goh

              	
                President,
      CEO, CFO, Secretary, Treasurer and
Director

              

      

    

    

    Taxes

    

    
      	
               
      

            	
              (i)

            	
              All
      tax returns, if any were filed, were correct and complete in all
      respects.  All taxes due and owing by Acquirer or any of its
      subsidiaries have been fully and timely paid.  Neither Acquirer
      nor any of its subsidiaries currently is the beneficiary of any extension
      of time within which to file any tax return.  No claim has ever
      been made by an authority in a jurisdiction where Acquirer does not file
      tax returns that Acquirer is or may be subject to taxation by that
      jurisdiction.  There are no liens for taxes (other than taxes
      not yet due and payable) upon any of the assets of Acquirer or any of its
      subsidiaries;

            

    

    

    
      	
               
      

            	
              (j)

            	
              no
      foreign, federal, state, or local tax audits or administrative or judicial
      tax proceedings are pending or being conducted with respect to
      Acquirer.  Acquirer has not received from any foreign, federal,
      state, or local taxing authority (including jurisdictions where Acquirer
      has not filed tax returns) any (i) notice indicating an intent to open an
      audit or other review, (ii) request for information related to tax
      matters, or (iii) notice of deficiency or proposed adjustment for any
      amount of tax proposed, asserted, or assessed by any taxing authority
      against Acquirer;

            

    

    

    No
Conflicts; Consents

    

    
      	
               
      

            	
              (k)

            	
              the
      making of this Agreement and the completion of the transactions
      contemplated hereby and the performance of and compliance with the terms
      hereof by the Acquirer does not and will
not:

            

    

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (i)

            	
              conflict
      with or result in a breach of or violate any of the terms, conditions or
      provisions of its organizational documents, charter and its
      Bylaws;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              conflict
      with or result in a breach of or violate any of the terms, conditions or
      provisions of any law, judgment, rule, order, injunction, decree,
      regulation or ruling of any Court, Regulatory Authority or governmental
      authority, domestic or foreign, to which it is subject, or constitute or
      result in a default under any agreement, contract, license, permit, or
      commitment to which the Acquirer is a
party;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              give
      to any party the right of termination, cancellation or acceleration in or
      with respect to any agreement, contract, license or commitment to which
      the Acquirer is a party;

            

    

    

    
      	
               
      

            	
              (iv)

            	
              give
      to any government or governmental authority, or any municipality or any
      subdivision thereof, including any governmental department, commission,
      bureau, board or administration agency, any right of termination,
      cancellation or suspension of, or constitute a breach of or result in a
      default under, any permit, license, control or authority issued to it
      which is necessary or desirable in connection with the conduct and
      operations of its respective business and the ownership or leasing of its
      respective business assets; or

            

    

    

    
      	
               
      

            	
              (v)

            	
              conflict
      with, or result in any violation of or default (with or without notice or
      lapse of time, or both) under, or give rise to a right of termination,
      cancellation or acceleration of any obligation or to loss of a material
      benefit under, or to increased, additional, accelerated or guaranteed
      rights or entitlements of any person under, or result in the creation of
      any lien upon any of the properties or assets of Acquirer under, any
      provision of (i) the Acquirer Charter or Bylaws, (ii) any material
      contract to which Acquirer is a party or by which any of its properties or
      assets is bound or (iii) any material judgment or material law applicable
      to Acquirer or its properties or assets;
and

            

    

    

    
      	
               
      

            	
              (l)

            	
              save
      for the approval of the directors of the Acquirer in respect of the
      transactions contemplated by this Agreement including but not limited to
      the issue and allotment of the Acquirer Stock and the Takeover; and the
      filing of Articles of Exchange with the Nevada Secretary of State (if
      required), no other consent or approval of, or registration, declaration
      or filing with, or permit from, any governmental entity is required to be
      obtained or made by or with respect to the Acquirer in connection with the
      execution, delivery and performance of this Agreement or the consummation
      of the Takeover;

            

    

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    Commission
Documents; Undisclosed Liabilities

    

    
      	
               
      

            	
              (m)

            	
              Acquirer
      has filed all reports, schedules, forms, statements and other documents
      required to be filed by Acquirer with the Commission pursuant to the
      reporting requirements of the Exchange Act, including material filed
      pursuant to Section 13(a) or 15(d) of the Exchange Act (all of the
      foregoing, including filings incorporated by reference therein, the
      “Acquirer Commission Documents”) and all the information contained within
      such Acquirer Commission Documents are true and accurate in all material
      respects;

            

    

    

    
      	
               
      

            	
              (n)

            	
              the
      Acquirer’s audited Financial Statements for the period ended July 31, 2008
      and unaudited Financial Statements for the nine months period ended March
      31, 2009 (both as exhibited in Schedule “B”) have been prepared in
      accordance with US GAAP, are correct and complete and present fairly the
      assets, liabilities (whether accrued, absolute, contingent or otherwise)
      and financial condition of the Acquirer as at the respective dates of and
      for the respective periods covered by the Acquirer’s Financial
      Statements;

            

    

    

    
      	
               
      

            	
              (o)

            	
              As
      of the date hereof and up to the Time of Closing the Acquirer will not
      have any debts or liabilities whatsoever (whether accrued, absolute,
      contingent or otherwise), including any liabilities for federal, state,
      provincial, sales, excise, income, corporate or any other taxes of the
      Acquirer except for;

            

    

    

    
      	
               
      

            	
              (i)

            	
              the
      debts and liabilities disclosed on, provided for or included in the
      Acquirer’s Financial Statements;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              debts
      or liabilities disclosed in this Agreement or any Schedule hereto;
      and

            

    

    

    
      	
               
      

            	
              (iii)

            	
              liabilities
      incurred by the Acquirer in the ordinary course of business and in
      relation to this Agreement subsequent to the date of the most recent
      balance sheet referred to in the Acquirer’s Financial
      Statements;

            

    

    

    Books
and Records

     

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (p)

            	
              the
      books and records of the Acquirer fairly and correctly set out and
      disclose, in all material respects, in accordance with US GAAP, the
      financial condition of the Acquirer as of the date of this Agreement and
      all material financial transactions of the Acquirer have been accurately
      recorded in such books and records so as to give a true and fair view of
      the state of affairs of the Acquirer and of the profit or loss for the
      period concerned;

            

    

    

    Litigation

    

    
      	
               
      

            	
              (q)

            	
              there
      is no action, suit, inquiry, notice of violation, proceeding (including
      any partial proceeding such as a deposition) or investigation pending or
      threatened in writing against or affecting the Acquirer, any subsidiary or
      any of their respective properties before or by any court, arbitrator,
      governmental or administrative agency, regulatory authority (federal,
      state, county, local or foreign), stock market, stock exchange or trading
      facility (“Action”) which (i) adversely affects or challenges the
      legality, validity or enforceability of either this Agreement or the
      Acquirer Stock or (ii) could, if there were an unfavorable decision,
      individually or in the aggregate, have or reasonably be expected to result
      in an Acquirer Material Adverse Effect. Neither the Acquirer nor any
      director or officer thereof (in his capacity as such), is or has been the
      subject of any Action involving a claim or violation of or liability under
      federal or state securities laws or a claim of breach of fiduciary
      duty;

            

    

    

    Real,
Personal and Intellectual Property

    

    
      	
               
      

            	
              (r)

            	
              Acquirer
      does not own any real property.  Acquirer has good title to, or
      valid leasehold interests in all of its properties and assets used in the
      conduct of its business;

            

    

    

    
      	
               
      

            	
              (s)

            	
              there
      are no claims pending or, to the knowledge of Acquirer threatened, that
      Acquirer is infringing or otherwise adversely affecting the rights of any
      person with regard to any Intellectual Property
  right;

            

    

    

    Labor
Matters

    

    
      	
               
      

            	
              (t)

            	
              there
      are no collective bargaining or other labor union agreements to which
      Acquirer is a party or by which it is
bound;

            

    

    

    Certain
Registration Matters

    

    
      	
               
      

            	
              (u)

            	
              Acquirer
      has not granted or agreed to grant to any person any rights (including
      “piggy-back” registration rights) to have any securities of Acquirer
      registered with the Commission or any other governmental
      authority;

            

    

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    Full
Disclosure

    

    
      	
               
      

            	
              (v)

            	
              the
      Acquirer has no information or knowledge of any fact not communicated to
      the Vendors and the Company and relating to the Acquirer or to the
      Acquirer’s business or to its issued and outstanding securities which, if
      known to the Vendors and/or the Company, might reasonably be expected to
      deter the Vendors and/or the Company from entering into this Agreement or
      from completing the transactions contemplated by this
      Agreement.

            

    

    

    Corporate
Records

    

    
      	
               
      

            	
              (w)

            	
              the
      Corporate records and minute books of the Acquirer contain complete and
      accurate minutes, (duly signed by the chairman and/or secretary of the
      appropriate meeting) of all meetings of the directors and shareholders of
      the Acquirer since its date of
incorporation;

            

    

    

    
      	
               
      

            	
              (x)

            	
              the
      share certificate records, the securities register, the register of
      disclosures, the register of directors and officers for the Acquirer are
      contained in the corporate minute book and are complete and accurate in
      all respects;

            

    

    

    Accuracy
of Warranties

    

    
      	
               
      

            	
              (y)

            	
              neither
      this Agreement nor any document, schedule, list, certificate, declaration
      under oath or written statement now or until the Time of Closing furnished
      by the Acquirer to the Vendors or the Company in connection with the
      transactions contemplated by this Agreement contains or will contain any
      untrue statement or representation of a material fact on the part of the
      Acquirer, or omits or will omit on behalf of the Acquirer to state a
      material fact necessary to make any such statement or representation
      therein or herein contained not
misleading.

            

    

    

    4.2                      Survival
of the Representations and Warranties by the Acquirer.  To the extent
they have not been fully performed at or prior to the Time of Closing, each
representation and warranty of the Acquirer contained in this Agreement or in
any document, instrument, certificate or undertaking given pursuant hereto
shall:

    

    
      	
               
      

            	
              (a)

            	
              be
      materially true and correct on and as of the Closing Date with the same
      force and effect as though made or given on the Closing
    Date;

            

    

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (b)

            	
              remain
      in full force and effect notwithstanding any investigations conducted by
      or on behalf of the Company and/or Vendors,
and

            

    

    

    
      	
               
      

            	
              (c)

            	
              survive
      the completion of the transactions contemplated by this Agreement until
      the second anniversary of the Closing Date and shall continue in full
      force and effect for the benefit of the Vendors and the Company during
      that period, except that a claim for any breach of any of the
      representations and warranties contained in this Agreement or in any
      agreement, instrument, certificate or other document executed or delivered
      pursuant hereto involving fraud or fraudulent misrepresentation may be
      made at any time following the Closing Date, subject only to applicable
      limitation periods imposed by law.

            

    

    

    
      	
               
      

            	
              (d)

            	
              To
      the extent they have not been fully performed at or prior to the Time of
      Closing, each and every representation and warranty of the Acquirer
      contained in this Agreement and any agreement, instrument, certificate or
      other document executed or delivered pursuant to this Agreement shall
      survive the completion of the transactions contemplated by this Agreement
      and, notwithstanding such completion, shall continue in full force and
      effect for the benefit of the Vendors and the
  Company.

            

    

    

    4.3           For
the avoidance of doubt and notwithstanding anything to the contrary contained in
this Agreement, all representations and warranties, unless expressly provided
otherwise in this Agreement, are in respect of matters and events on or before
the Closing and not after.

    

    

    Article
5

    CONDITIONS PRECEDENT TO CLOSING

    

    

    5.1                      Parties’
Conditions Precedent prior to the Closing Date.  All of the
rights, duties and obligations of each of the Parties hereto under this
Agreement are subject to the following conditions precedent for the exclusive
benefit of each of the Parties to be fulfilled in all material aspects in the
reasonable opinion of each of the Parties or to be waived by each or any of the
Parties, as the case may be, as soon as possible after the Execution Date;
however, unless specifically indicated as otherwise, not later than the Time of
Closing: the specific ratification of the terms and conditions of this Agreement
by the Board of Directors of the Acquirer within five business days of the due
and complete execution of this Agreement by each of the Parties hereto (the
“Acquirer’s
Ratification”).

    

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    5.2                      Parties’
Waiver of Conditions Precedent.   The conditions precedent
set forth in Article “5.1” hereinabove are for the exclusive benefit of each of
the Parties hereto and may be waived by each of the Parties in writing either in
whole or in part at or prior to the Time of Closing.

    

    5.3                      The
Vendors’ and the Company’s Conditions Precedent.  The
acquisition of the Company Stock is subject to the following terms and
conditions for the exclusive benefit of the Vendors and the Company, to be
fulfilled or performed at or prior to the Time of Closing:

    

    
      	
               
      

            	
              (a)

            	
              the
      representations and warranties of the Acquirer contained in this Agreement
      shall be true and correct in all material respects at the Time of Closing,
      with the same force and effect as if such representations and warranties
      were made at and as of such time;

            

    

    

    
      	
               
      

            	
              (b)

            	
              all
      of the terms and conditions of this Agreement to be complied with or
      performed by the Acquirer at or before the Time of Closing shall have been
      complied with or performed in all material
  respects;

            

    

    

    
      	
               
      

            	
              (c)

            	
              there
      shall have been obtained, from all appropriate federal, provincial,
      municipal or other governmental or administrative bodies, such licenses,
      permits, consents, approvals, certificates, registrations and
      authorizations as are required by law, if any, to be obtained by the
      Acquirer to permit the issuance and delivery of the Acquirer Stock to the
      Vendors contemplated hereby;

            

    

    

    
      	
               
      

            	
              (d)

            	
              no
      legal or regulatory action or proceeding shall be pending or threatened by
      any person to enjoin, restrict or prohibit the acquisition of the Company
      Stock contemplated hereby;

            

    

    

    
      	
               
      

            	
              (e)

            	
              the
      Acquirer shall have delivered a letter of resignation from Mr. Alan Goh
      from the positions of Chief Executive Officer, President, Chief Financial
      Officer and Treasurer of the Acquirer, effective upon the
      Closing;

            

    

    

    
      	
               
      

            	
              (f)

            	
              the
      Acquirer shall have delivered evidence of the due appointment of Johnny
      Lian Tian Yong as the Chief Executive Officer and Chairman of the
      Acquirer, effective upon the
Closing;

            

    

    

    
      	
               
      

            	
              (g)

            	
              on
      or prior to the Closing, the Acquirer shall take all action necessary to
      (i) cause the number of directors that will comprise the full Board of
      Directors of the Acquirer effective as of immediately following the
      Closing to be fixed at five, (ii) cause the Board of Directors of the
      Acquirer effective as of immediately following the Closing to consist of
      (A) four members designated by the Company, and (B) Alan Goh, and (iii)
      cause the individuals identified or designated pursuant to subclause (A)
      of the preceding clause (ii) to be appointed to the Board of Directors of
      the Acquirer effective as of immediately following the Closing;
      and

            

    

     

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (h)

            	
              prior
      to the Closing, the Acquirer shall take all action necessary to cause Mr.
      Alan Goh to execute an agreement with the Acquirer regarding the
      cancellation of 24,000,000 shares of the Acquirer’s common stock with a
      par value of US$0.001 per share, concurrently with issue and allotment of
      the Acquirer Stock to the Vendors.

            

    

    

    If any of
the conditions contained in this Article “5.3” shall not be performed or
fulfilled at or prior to the Time of Closing to the satisfaction of the Vendors
and the Company, acting reasonably, the Vendors and/or the Company may, by
notice to the Acquirer, terminate this Agreement and the obligations of the
Vendors, the Company and the Acquirer under this Agreement, other than the
obligations contained in Article “8” hereinbelow, shall be terminated, provided
that the Vendors and the Company may also bring an action pursuant to Article
“7” against the Acquirer for damages suffered by the Vendors and/or the Company
where the non-performance or non-fulfillment of the relevant condition is as a
result of a breach of representation or warranty by the Acquirer.  Any
such condition may be waived in whole or in part by the Vendors and the Company
in writing without prejudice to any claims it may have for breach of
representation or warranty.

    

    5.4                      Acquirer’s
Conditions Precedent prior to the Closing Date.  The
acquisition of the Company Stock is subject to the following terms and
conditions for the exclusive benefit of the Acquirer, to be fulfilled or
performed at or prior to the Time of Closing:

    

    
      	
               
      

            	
              (a)

            	
              the
      representations and warranties of the Vendors contained in this Agreement
      shall be true and correct at the Time of Closing, with the same force and
      effect as if such representations and warranties were made at and as of
      such time;

            

    

    

    
      	
               
      

            	
              (b)

            	
              all
      of the terms and conditions of this Agreement to be complied with or
      performed by the Vendors and the Company at or before the Time of Closing
      shall have been complied with or performed in all material
      respects;

            

    

    

    
      	
               
      

            	
              (c)

            	
              there
      shall have been obtained, from all appropriate federal, provincial,
      municipal or other governmental or administrative bodies, such licenses,
      permits, consents, approvals, certificates, registrations and
      authorizations as are required to be obtained, if any, by the Vendors and
      the Company to permit the change of ownership of the Company Stock
      contemplated hereby; and

            

    

     

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (e)

            	
              no
      legal or regulatory action or proceeding shall be pending or threatened by
      any person to enjoin, restrict or prohibit the acquisition of the Company
      Stock contemplated hereby.

            

    

    

    If any of
the conditions contained in this Article “5.4” shall not be performed or
fulfilled at or prior to the Time of Closing to the satisfaction of the
Acquirer, acting reasonably, the Acquirer may, by notice to the Vendors and the
Company, terminate this Agreement and the obligations of the Vendors, the
Company and the Acquirer under this Agreement, other than the obligations set
forth in Article “8”, shall be terminated, provided that the Acquirer may also
bring an action pursuant to Article “7” against the Vendors for damages suffered
by the Acquirer where the non-performance or non-fulfillment of the relevant
condition is as a result of a breach of representation or warranty by the
Vendors.  Any such condition may be waived in whole or in part by the
Acquirer without prejudice to any claims it may have for breach of
representation or warranty.

    

    

    Article
6

    CLOSING AND EVENTS OF CLOSING

    

    

    6.1                      Closing
and Closing Date.   The closing (the “Closing”) of the acquisition
of the Company Stock and the issuance and delivery of the Acquirer Stock, as
contemplated in the manner as set forth in Article “2” hereinabove, together
with all of the transactions contemplated by this Agreement shall occur on
[August 3, 2009] (the “Closing
Date”), or on such earlier or later Closing Date as may be agreed to in
advance and in writing by each of the Parties hereto, and will be closed at the
offices of counsel for the Acquirer, Jensen Lunny MacInnes Law Corporation
located at 555 W. Hastings St., Suite 2550, Vancouver, BC, Canada  V6B
4N5, at 2:00 p.m. (New York City time) (11:00 am Vancouver Time) on the Closing
Date.

    

    6.2                      Latest
Closing Date.   If the Closing Date has not occurred by
[August 5, 2009] subject to an extension as may be mutually agreed to by the
Parties for a maximum of 15 days per extension, then the Acquirer and the
Vendors shall each have the option to terminate this Agreement by delivery of
written notice to the other Party. Upon delivery of such notice, this Agreement
shall cease to be of any force and effect except for Article “8” hereinbelow,
which shall remain in full force and effect notwithstanding the termination of
this Agreement.

    

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    6.3                      Documents
to be delivered by the Company and the Vendors prior to the Closing
Date.   Not later than the Closing Date, and in addition
to the documentation which is required by the agreements and conditions
precedent which are set forth hereinabove, the Company and the Vendors shall
also execute and deliver or cause to be delivered to Acquirer’s counsel all such
other documents, resolutions and instruments as may be necessary, in the opinion
of counsel for the Acquirer, acting reasonably, to complete all of the
transactions contemplated by this Agreement and including, without limitation,
the necessary transfer of all of the Company Stock to the Acquirer free and
clear of all liens, security interests, charges and encumbrances, and in
particular including, but not being limited to, the following
materials:

    

    
      	
               
      

            	
              (a)

            	
              all
      documentation as may be reasonably necessary to ensure that all of the
      Company Stock has been transferred, assigned and are registerable in the
      name of and for the benefit of the Acquirer under all applicable corporate
      and securities laws;

            

    

    

    
      	
               
      

            	
              (b)

            	
              certificates
      representing the Company Stock registered in the name of the Vendors, duly
      endorsed for transfer to the Acquirer and/or irrevocable stock powers
      transferring the Company Stock to the
Acquirer;

            

    

    

    
      	
               
      

            	
              (c)

            	
              certificates
      representing the Company Stock registered in the name of the Acquirer;
      and

            

    

    

    
      	
               
      

            	
              (d)

            	
              a
      certified copy of the resolutions of the directors (and of the
      Vendors/shareholders, if necessary) of the Company authorizing the
      transfer by the Vendors to the Acquirer of the Company
    Stock.

            

    

    

    6.4                      Documents
to be delivered by the Acquirer prior to the Closing Date.  Not
later than the Closing Date, and in addition to the documentation which is
required by the agreements and conditions precedent which are set forth
hereinabove, the Acquirer shall also execute and deliver or cause to be
delivered to the Company’s and the Vendors’ counsel, all such other documents,
resolutions and instruments that may be necessary, in the opinion of counsel for
the Company and the Vendors, acting reasonably, to complete all of the
transactions contemplated by this Agreement and including, without limitation,
the necessary acceptance of the transfer of all of the Acquirer Stock to the
Vendors free and clear of all liens, charges and encumbrances, and in particular
including, but not being limited to, the following materials:

    

    
      	
               
      

            	
              (a)

            	
              a
      copy of the resolutions of the directors of the Acquirer providing for the
      approval and ratification of all of the transactions contemplated
      hereby;

            

    

    

    
      	
               
      

            	
              (b)

            	
              certificates
      representing the Acquirer Stock issued to the Vendors in accordance with
      Articles “2.2” and “2.3”
hereinabove;

            

    

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (c)

            	
              a
      copy of the audited Acquirer’s Financial Statements for the period ended
      July 31, 2008, and unaudited Financial Statements for the nine months
      period ended 31 March, 2009; and

            

    

    

    
      	
               
      

            	
              (d)

            	
              all
      such other documents and instruments as the Company’s and the Vendors’
      respective counsel may reasonably
require.

            

    

    

    

    Article
7

    INDEMNIFICATION AND LEGAL
PROCEEDINGS

    

    

    7.1                      Indemnification.   The
Parties hereto agree to indemnify and save harmless the other Parties hereto and
including, where applicable, their respective affiliates, directors, officers,
employees and agents (each such party being an “Indemnified Party”) from and
against and agree to be liable for any and all losses, claims, actions, suits,
proceedings, damages, liabilities or expenses of whatever nature or kind,
including any investigation expenses incurred by any Indemnified Party, to which
an Indemnified Party may become subject due to a breach or failure to comply
with an obligation by a Party under the terms and conditions of this
Agreement.

    

    7.2                      No
Indemnification.   This indemnity will not apply in
respect of an Indemnified Party in the event and to the extent that a court of
competent jurisdiction in a final judgment shall determine that the Indemnified
Party was grossly negligent or guilty of willful misconduct.

    

    7.3                      Claim of
Indemnification.   The Parties hereto agree to waive any
right they might have of first requiring the Indemnified Party to proceed
against or enforce any other right, power, remedy, security or claim payment
from any other person before claiming this indemnity.

    

    7.4                      Notice of
Claim.   In case any action is brought against an
Indemnified Party in respect of which indemnity may be sought against any of the
Parties hereto, the Indemnified Party will give the relevant Party hereto prompt
written notice of any such action of which the Indemnified Party has knowledge
and such Party will undertake the investigation and defense thereof on behalf of
the Indemnified Party, including the prompt consulting of counsel acceptable to
the Indemnified Party affected and the payment of all
expenses.  Failure by the Indemnified Party to so notify shall not
relieve any Party hereto of such Party’s obligation of indemnification hereunder
unless (and only to the extent that) such failure results in a forfeiture by any
Party hereto of substantive rights or defenses.

    

    7.5                      Settlement.   No
admission of liability and no settlement of any action shall be made without the
consent of each of the Parties hereto and the consent of the Indemnified Party
affected, such consent not to be unreasonably withheld.

    

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

    7.6                      Legal
Proceedings.   Notwithstanding that the relevant Party
hereto will undertake the investigation and defense of any action, an
Indemnified Party will have the right to employ separate counsel in any such
action and participate in the defense thereof, but the fees and expenses of such
counsel will be at the expense of the Indemnified Party unless:

    

    
      	
               
      

            	
              (a)

            	
              such
      counsel has been authorized by the relevant Party
  hereto;

            

    

    

    
      	
               
      

            	
              (b)

            	
              the
      relevant Party hereto has not assumed the defense of the action within a
      reasonable period of time after receiving notice of the
      action;

            

    

    

    
      	
               
      

            	
              (c)

            	
              the
      named parties to any such action include that any Party hereto and the
      Indemnified Party shall have been advised by counsel that there may be a
      conflict of interest between any Party hereto and the Indemnified Party;
      or

            

    

    

    
      	
               
      

            	
              (d)

            	
              there
      are one or more legal defenses available to the Indemnified Party which
      are different from or in addition to those available to any Party
      hereto.

            

    

    

    7.7                      Limitation
of damages and Severability.   No
liability shall in any event arise in respect of any claim for breach of any of
the representations and warranties given by any Party under the terms of this
Agreement or any misrepresentation by any Party under the terms of this
Agreement or any breach of any terms and conditions under this Agreement unless
the amount claimed (together with the aggregate amount of any previous claims)
shall exceed US$10,000 as at the date of the claim.

    

    For the avoidance of doubt and
notwithstanding anything to the contrary contained in this Agreement, the
Parties agree and acknowledge that each of the Vendor’s liability under this
Agreement shall be several only and shall not be joint.

    

    

    Article
8

    NON-DISCLOSURE

    

    

    8.1                      Public
Announcements and Disclosure to Regulatory
Authorities.   All information relating to the Agreement
and the transaction contemplated therein shall be treated as confidential and no
public disclosure shall be made by any Party without the prior approval of the
Company and the Acquirer.  Notwithstanding the provisions of this
Article, the Parties hereto agree to make such public announcements and
disclosure to the Regulatory Authorities of this Agreement promptly upon its
execution in accordance with the requirements of applicable securities
legislation and regulations.

    

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

    

    Article
9

    
      ASSIGNMENT AND AMENDMENT

    

    

    

    9.1                      Assignment.   Save
and except as provided herein, no Party hereto may sell, assign, pledge or
mortgage or otherwise encumber all or any part of its respective interests
herein without the prior written consent of all of the other Parties
hereto.

    

    9.2                      Amendment.   This
Agreement and any provision thereof may only be amended in writing and only by
duly authorized signatories of each of the respective Parties
hereto.

    

    

    Article
10

    
      FORCE
MAJEURE

    

    

    

    10.1                      Events.   If
any Party hereto is at any time prevented or delayed in complying with any
provisions of this Agreement by reason of strikes, walk-outs, labor shortages,
power shortages, fires, wars, acts of God, earthquakes, storms, floods,
explosions, accidents, protests or demonstrations by environmental lobbyists or
native rights groups, delays in transportation, breakdown of machinery,
inability to obtain necessary materials in the open market, unavailability of
equipment, governmental regulations restricting normal operations, shipping
delays or any other reason or reasons beyond the control of that Party, then the
time limited for the performance by that Party of its respective obligations
hereunder shall be extended by a period of time equal in length to the period of
each such prevention or delay.

    

    10.2                      Notice.   A
Party shall, within seven calendar days, give notice to the other Parties of
each event of force
majeure under Article “10.1” hereinabove, and upon cessation of such
event shall furnish the other Parties with notice of that event together with
particulars of the number of days by which the obligations of that Party
hereunder have been extended by virtue of such event of force majeure and all
preceding events of force
majeure.

    

    

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

    Article
11

    
      ARBITRATION

    

    

    

    11.1                      Arbitration.   Any
dispute arising out of or in connection with this contract, including any
question regarding its existence, validity or termination, shall be referred to
and finally resolved by arbitration in Singapore in accordance with the
Arbitration Rules of the Singapore International Arbitration Centre (“SIAC” )
for the time being in force, which rules are deemed to be incorporated by
reference in this clause. The Tribunal shall consist of one arbitrator to be
appointed by the Chairman of the SIAC. The language of the arbitration shall be
English.

    

    

    Article
12

    
      DEFAULT AND TERMINATION

    

    

    

    12.1                      Default.   The
Parties hereto agree that if any Party hereto is in default with respect to any
of the provisions of this Agreement (herein called the “Defaulting Party”), the
non-defaulting Party (herein called the “Non-Defaulting Party”) shall
give notice to the Defaulting Party designating such default, and within 10
calendar days after its receipt of such notice, the Defaulting Party shall
either:

    

    
      	
               
      

            	
              (a)

            	
              cure
      such default, or commence proceedings to cure such default and prosecute
      the same to completion without undue delay;
or

            

    

    

    
      	
               
      

            	
              (b)

            	
              give
      the Non-Defaulting Party notice that it denies that such default has
      occurred and that it is submitting the question to arbitration as herein
      provided.

            

    

    

    12.2                      Arbitration.   If
arbitration is sought, a Party shall not be deemed in default until the matter
shall have been determined finally by appropriate arbitration under the
provisions of Article “11” hereinabove.

    

    12.3                      Curing
the Default.   If:

    

    
      	
               
      

            	
              (a)

            	
              the
      default is not so cured or the Defaulting Party does not commence or
      diligently proceed to cure the default;
or

            

    

    

    
      	
               
      

            	
              (b)

            	
              arbitration
      is not so sought; or

            

    

    

    
      	
               
      

            	
              (c)

            	
              the
      Defaulting Party is found in arbitration proceedings to be in default, and
      fails to cure it within five calendar days after the rendering of the
      arbitration award,

            

    

    

    the
Non-Defaulting Party may, by written notice given to the Defaulting Party at any
time while the default continues, terminate the interest of the Defaulting Party
in and to this Agreement.

    

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

    12.4                      Termination.   In
addition to the foregoing it is hereby acknowledged and agreed by the Parties
hereto that this Agreement will be terminated in the event that:

    

    
      	
               
      

            	
              (a)

            	
              the
      conditions specified in section “5.1” hereinabove have not been satisfied
      at or prior to the Time of Closing;

            

    

    

    
      	
               
      

            	
              (c)

            	
              either
      of the Parties hereto has not either satisfied or waived each of their
      respective conditions precedent at or prior to the Time of Closing in
      accordance with the provisions of Article “5” hereinabove unless
      extended;

            

    

    

    
      	
               
      

            	
              (d)

            	
              either
      of the Parties hereto has failed to deliver or caused to be delivered any
      of their respective documents required to be delivered by Articles “5” and
      “6” hereinabove at or prior to the Time of Closing in accordance with the
      provisions of Articles “5” and “6” unless extended;
  or

            

    

    

    
      	
               
      

            	
              (e)

            	
              the
      Closing has not occurred on or before [August 5, 2009], or such later
      date, all in accordance with Article “6.2” hereinabove;
  or

            

    

    

    
      	
               
      

            	
              (f)

            	
              by
      agreement in writing by each of the Parties
  hereto;

            

    

    

    and in
such event this Agreement will be terminated and be of no further force and
effect other than the obligations under Article “8” hereinabove.

    

    12.5                      For
the avoidance of doubt, it is agreed that any termination of this Agreement
(howsoever occasioned) shall not affect any accrued rights or liabilities of any
of the Parties to this Agreement nor shall it affect the coming into force or
the continuance in force of any provision hereof which is expressly or by
implication intended to come into or continue in force on or after such
termination.

    

    

    Article
13

    
      NOTICE

    

    

    

    13.1                      Notice.   Each
notice, demand or other communication required or permitted to be given under
this Agreement shall be in writing and shall be sent by prepaid registered mail
deposited in a post office addressed to the Party entitled to receive the same,
or delivered to such Party, at the address for such Party specified
above.  The date of receipt of such notice, demand or other
communication shall be the date of delivery thereof if delivered, or, if given
by registered mail as aforesaid, shall be deemed conclusively to be the third
calendar day after the same shall have been so mailed, except in the case of
interruption of postal services for any reason whatsoever, in which case the
date of receipt shall be the date on which the notice, demand or other
communication is actually received by the addressee.

    

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

    13.2                      Change of
Address.   Either Party may at any time and from time to
time notify the other Party in writing of a change of address and the new
address to which notice shall be given to it thereafter until further
change.

    

    

    Article
14

    
      GENERAL PROVISIONS

    

    

    

    14.1                      Entire
Agreement.   This Agreement constitutes the entire
agreement to date between the Parties hereto and supersedes every previous
agreement, communication, expectation, negotiation, representation or
understanding, whether oral or written, express or implied, statutory or
otherwise, between the Parties with respect to the subject matter of this
Agreement and including, without limitation, the agreement as between the
Acquirer, the Vendors and the Company.

    

    14.2                      Enurement.   This
Agreement will enure to the benefit of and will be binding upon the Parties
hereto, their respective heirs, executors, administrators and
assigns.

    

    14.3                      Schedules.   The
Schedules to this Agreement are hereby incorporated by reference into this
Agreement in its entirety.

    

    14.4                      Time of
the Essence.   Time will be of the essence of this
Agreement.

    

    14.5                      Representation
and Costs.   It is hereby acknowledged and agreed by the
Parties hereto that each Party to this Agreement will bear and pay its own
costs, legal and otherwise, in connection with its respective preparation,
review and execution of this Agreement, and, in particular, that the costs
involved in the preparation of this Agreement, and all documentation necessarily
involved thereto, by Jensen Lunny MacInnes Law Corporation shall be at the cost
of the Acquirer.

    

    14.6                      Applicable
Law.   This Agreement shall be governed by, and construed
in accordance with, the laws of the State of Nevada, regardless of the laws that
might otherwise govern under applicable principles of conflicts of laws
thereof.

    

    14.7                      Further
Assurances.   The Parties hereto hereby, jointly and
severally, covenant and agree to forthwith, upon request, execute and deliver,
or cause to be executed and delivered, such further and other deeds, documents,
assurances and instructions as may be required by the Parties hereto or their
respective counsel in order to carry out the true nature and intent of this
Agreement.

    

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

    14.8                      Severability
and Construction.   Each Article, section, paragraph, term
and provision of this Agreement, and any portion thereof, shall be considered
severable, and if, for any reason, any portion of this Agreement is determined
to be invalid, contrary to or in conflict with any applicable present or future
law, rule or regulation in a final unappealable ruling issued by any court,
agency or tribunal with valid jurisdiction in a proceeding to any of the Parties
hereto is a party, that ruling shall not impair the operation of, or have any
other effect upon, such other portions of this Agreement as may remain otherwise
intelligible (all of which shall remain binding on the Parties and continue to
be given full force and agreement as of the date upon which the ruling becomes
final).

    

    14.9                      Captions.   The
captions, section numbers, Article numbers and Schedule numbers appearing in
this Agreement are inserted for convenience of reference only and shall in no
way define, limit, construe or describe the scope or intent of this Agreement
nor in any way affect this Agreement.

    

    14.10                    Currency.   Unless
otherwise stipulated, all references to money amounts herein shall be the lawful
currency of the United States of America.

    

    14.11                    Counterparts.   This
Agreement may be signed by the Parties hereto in as many counterparts as may be
necessary, and via facsimile if necessary, each of which so signed being deemed
to be an original and such counterparts together constituting one and the same
instrument and, notwithstanding the date of execution, being deemed to bear the
effective Execution Date as set forth on the front page of this
Agreement.

    

    14.12                    No
Partnership or Agency.   The Parties hereto have not
created a partnership and nothing contained in this Agreement shall in any
manner whatsoever constitute any Party the partner, agent or legal
representative of any other Party, nor create any fiduciary relationship between
them for any purpose whatsoever.  No Party shall have any authority to
act for, or to assume any obligations or responsibility on behalf of, any other
party except as may be, from time to time, agreed upon in writing between the
Parties or as otherwise expressly provided.

    

    14.13                    Consents
and Waivers.   No consent or waiver expressed or implied
by either Party hereto in respect of any breach or default by any other Party in
the performance by such other of its obligations hereunder shall:

    

    
      	
               
      

            	
              (a)

            	
              be
      valid unless it is in writing and stated to be a consent or waiver
      pursuant to this Article;

            

    

     

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              (b)

            	
              be
      relied upon as a consent to or waiver of any other breach or default of
      the same or any other obligation;

            

    

    

    
      	
               
      

            	
              (c)

            	
              constitute
      a general waiver under this Agreement;
or

            

    

    

    
      	
               
      

            	
              (d)

            	
              eliminate
      or modify the need for a specific consent or waiver pursuant to this
      Article in any other or subsequent
instance.

            

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [THE
REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
 

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF each of the Parties hereto has hereunto executed this
Agreement as of the Execution Date as set forth on the front page of this
Agreement.

    

     

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	
                                            TECHMEDIA ADVERTISING

                                          	
                                            )

                                          
	
                                            MAURITIUS

                                          	
                                            )

                                          
	
                                            the
      Company herein,

                                          	
                                            )

                                          
	 
      	
                                            )

                                          
	 
      	
                                            )

                                          
	
                                            Per: /s/ Ratner Vellu

                                          	
                                            )

                                          
	
                                            Authorized
      Signatory

                                          	
                                            )

                                          
	 
      	
                                            )

                                          
	
                                            Ratner Vellu, Director

                                          	
                                            )

                                          
	
                                            (print
      name and title)

                                          	 
      
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
                                            TECHMEDIA ADVERTISING, INC.

                                          	
                                            )

                                          
	
                                            the
      Acquirer herein,

                                          	
                                            )

                                          
	 
      	
                                            )

                                          
	 
      	
                                            )

                                          
	
                                            Per: /s/ Alan Goh

                                          	
                                            )

                                          
	
                                            Authorized
      Signatory

                                          	
                                            )

                                          
	 
      	
                                            )

                                          
	
                                            Alan Goh, President and
      director

                                          	
                                            )

                                          
	
                                            (print
      name and title)

                                          	 
      

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        32

        
          

        

      

      
         

      

    

     

    

    
      
        
          
            
              	
                      TERNES CAPITAL LTD.

                    	
                      )

                    	 
      
	
                      a
      Vendor herein,

                    	
                      )

                    	 
      
	 
      	
                      )

                    	 
      
	 
      	
                      )

                    	 
      
	
                      Per: /s/ Ratner Vellu

                    	
                      )

                    	 
      
	
                      Authorized
      Signatory

                    	
                      )

                    	 
      
	 
      	
                      )

                    	 
      
	
                      Ratner Vellu, Director and
      Shareholder

                    	
                      )

                    	 
      
	
                      (print
      name and title)

                    	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                      SIGNED
      and DELIVERED by

                    	
                      )

                    	 
      
	
                      JOHNNY LIAN TIAN YONG, a
      Vendor

                    	
                      )

                    	 
      
	
                      herein,
      in the presence of:

                    	
                      )

                    	 
      
	 
      	
                      )

                    	 
      
	
                      /s/ Chua Weiming

                    	
                      )

                    	 
      
	
                      Witness
      Signature

                    	
                      )

                    	
                      /s/ Johnny Lian Tian
Yong

                    
	
                      68
      Mei Hwan Dr., #03-14

                    	
                      )

                    	
                            JOHNNY
      LIAN TIAN YONG

                    
	
                      Singapore  568430

                    	
                      )

                    	 
      
	
                      Witness
      Address

                    	
                      )

                    	 
      
	 
      	
                      )

                    	 
      
	
                      Chua Weiming, Consultant

                    	
                      )

                    	 
      
	
                      Witness
      Name and Occupation

                    	
                      )

                    	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                      ONEMEDIA LIMITED

                    	
                      )

                    	 
      
	
                      a
      Vendor herein,

                    	
                      )

                    	 
      
	 
      	
                      )

                    	 
      
	 
      	
                      )

                    	 
      
	
                      Per: /s/ Ma Ong Kee

                    	 
      	
                      )

                    
	
                      Authorized
      Signatory

                    	
                      )

                    	 
      
	 
      	
                      )

                    	 
      
	
                      Ma Ong Kee

                    	
                      )

                    	 
      
	
                      (print
      name and title)

                    	 
      	 
      

            

          

        

      

    

    

    
      
         

      

      
        33

        
          

        

      

      
         

      

    

                                                                               

    Schedule A

    

    This is
Schedule “A” to that certain Share Exchange Agreement among TechMedia
Advertising, Inc., TechMedia Advertising Mauritius and the vendor shareholders
of TechMedia Advertising Mauritius

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	 	
                                                    
                                                Company Stock and
      Vendors

                                              

                                            	 
      
	 	 
      	 
      
	 	 
      	 
      
	      
                                              Issued Capital:

                                            	
                                               

                                            	      
                                              10
      ordinary shares

                                            
	 	 
      	 
      
	 	 
      	 
      
	 	 
      	 
      
	      
                                              Vendors:

                                            	
                                               

                                            	 
      
	 	
                                              Ternes Capital Ltd.:

                                            	      
                                              3
      ordinary shares

                                            
	 	      
                                              P.O.
      Box 957

                                            	      
                                               

                                            
	 	
                                              Offshore
      Incorporations Centre

                                            	 
      
	 	
                                              Road
      Town, Tortola

                                            	 
      
	 	
                                              British
      Virgin Islands

                                            	 
      
	 	 
      	 
      
	 	 
      	 
      
	 	
                                              Johnny Lian Tian Yong:

                                            	      
                                              3
      ordinary shares

                                            
	 	      
                                              Blk
      84 Jalan Daud

                                            	      
                                               

                                            
	 	
                                              #06-01
      Windy Heights

                                            	 
      
	 	
                                              Singapore
      419593

                                            	 
      
	 	 
      	 
      
	 	 
      	 
      
	 	      
                                              OneMedia Limited:

                                            	
                                              4
      ordinary shares

                                            
	 	      
                                              P.O.
      Box 1239

                                            	 
      
	 	
                                              Offshore
      Incorporations Centre

                                            	 
      
	 	
                                              Victoria
      Mahe, Seychelles

                                            	 
      
	 	 
      	 
      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    
      
         

      

      
        34

        
          

        

      

      
         

      

    

     

    

    

    Schedule B

    

    This is Schedule “B” to that certain
Share Exchange Agreement among TechMedia Advertising, Inc., TechMedia
Advertising Mauritius and the vendor shareholders of TechMedia Advertising
Mauritius

    

    

    Financial Statements of the
Acquirer

    
 

    
      
        
          
            
              
                
                  	 	      
                          1.

                        	      
                          Audited
      Financial Statements for the period ended July 31, 2008;
      and

                        
	 	 	 
	
                        	
                          2. 

                        	
                          Unaudited
      Financial Statements for the nine months period ended March 31,
      2009.

                        

                

              

            

          

        

      

    

    

    

     

     

     

     

    
 

    
      
         

      

      
        35

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