Document:

Exhibit 10.9

                            ASSET PURCHASE AGREEMENT

         THIS   ASSET   PURCHASE   AGREEMENT   ("Agreement"),    dated   as   of
____8/25_________,  2003, by and between Gold and Minerals  Co.,  Inc., a Nevada
corporation,  or its assigns  ("Seller"),  Mr.  Charles  Mottley  and Mr.  Larry
Lozensky  (the  "Principals")  and El Capitan  Precious  Metals,  Inc., a Nevada
corporation "Buyer"), is made with reference to the following facts:

         A. Stiller owns certain assets,  including mining claims granted by the
United States Bureau of Land Management  (the "Claims"),  buildings and personal
property  (including rights under certain  contracts,  known in the aggregate as
the COD Mine (the  "Mine")  all as more  fully set forth on  Exhibit A  attached
hereto  (collectively  the  "Purchased  Assets"),  used in Seller's  business of
operating the COD Mine (the "Mining Business").

         B. Buyer is desirous of acquiring the Purchased  Assets and of assuming
all of Seller's right, title and interest in and to the Mining Business.

         NOW, THEREFORE,  in consideration of the mutual agreements,  warranties
and  representations  contained in this  Agreement,  the parties hereby agree as
follows:

         1. Purchased  Assets.  At the Closing (as defined  below),  Seller will
sell and transfer to Buyer, and Buyer will purchase the Purchased  Assets,  free
and clear of all liens,  claims and encumbrances,  by delivery of a "Quit-claim"
Deed, substantially in the form of Exhibit B attached hereto.

         2. Assignment of Rights. At the Closing (as defied below),  Seller will
assign,  and Buyer will accept and  assume,  all of  Seller's  right,  title and
interest in and to the Mining Business. To the extent that the assignment of any
of the Purchased  Assets to Buyer requires the consent of any third party,  this
Agreement shall not constitute an agreement to assign such Purchased Asset until
such consent is obtained. Seller end Buyer shall use their reasonable efforts to
obtain any consent necessary to any such assignment.

         3.1 Purchase Price. The purchase price for the Purchased Assets and the
Contracts (the "Purchase  Price") shall be the issuance to Seller of One Million
Two Hundred Thousand shares of the common stock of El Capitan Common Stock.

         3.2 BUYER SHALL NOT ASSUME OR BE  RESPONSIBLE  FOR ANY  LIABILITIES  OR
OBLIGATTIONS OF SELLER OTHER THAN THOSE SET FORTH ON EXHIBIT C ATTACHED  HERETO,
INCLUDING  WITHOUT  LIMITATION,  ANY  LIABILITIES  WHICH SELLER WAS OBLIGATED TO
SATISFY  PRIOR TO THE CLOSING  DATE,  OR FOR ANY  FEDERAL,  STATE,  OR LOCAL TAX
LIABILITY OF SELLER.

         3.3 Allocation of Purchase Price. The Purchase Price shall be allocated
among the various  assets and rights being  acquired by Buyer  hereunder as they
are  accounted  for on the  books  of  Seller.  The  parties  shall  report  the
transaction  in accordance  with Form 8594  attached  hereto on Schedule 3. Such
allocation shall be binding upon the parties including Seller and the Principals
for income tax purposes.

<PAGE>

         4. Closing.  The consummation of the transactions  contemplated by this
Agreement  (the  "Closing")  will take place at the offices of Gold and Minerals
Co. on 8/25 , 2003 or at such other date and time as Buyer and Seller agree (the
"Closing  Date").  At the Closing,  Seller shall deliver to Buyer the Quit-Claim
Deed,  and such Bills of Sale,  Assignments  and  Instruments  of  Transfer  and
Conveyance as shall be reasonably be required by Buyer for the transfer to Buyer
of all right, title and interest of Seller in, to and under the Purchased Assets
and the  Mining  Business.  Each  party  shall  also  deliver to each other such
Officers' Certificates and other instruments as the other party shall reasonably
request.  Upon delivery of all of -the  foregoing,  the Deposit shall be applied
to, and Buyer shall make delivery of the shares as provided in foregoing Section
3.1; and the transaction shall be deemed closed.

         5. Other Agreements of Seller.

            (a) Employment.  In  addition  to the  Purchase  Price,  in order to
                induce  him  to  continue  to  manage  and  operate  the  Mining
                Business, the Buyer will issue Two Hundred Thousand Shares of El
                Capitan Common Stock to Mr. Larry  Lozensky at the Closing,  and
                will  agree,  pursuant  to  a  management  agreement  containing
                customary terms and conditions,  a management fee of $20,000 per
                month beginning  2/1/2003  during the term thereof,  which shall
                not exceed __ year(s).  The  management  fee may be paid,  in El
                Capitans sole discretion,  in shares of its common stock, valued
                on the basis set forth an Exhibit D attached hereto. (The shares
                of El Capitan  Common Stock issued  pursuant to Section 3.l, and
                this Section 5(a), are hereinafter  collectively  referred to as
                the "Shares").

            (b) Investigation.  Seller shall allow Buyer and its representatives
                and persons or entities which may provide financing for Buyer in
                connection with the  transactions  contemplated  hereby,  at all
                reasonable  times,  full access during normal  business hours to
                all  stores,  warehouses,   operations,   machinery,  equipment,
                inventories,  property, offices, books, contracts,  commitments,
                records and affairs of the Seller and the Mining  Business,  and
                reasonable access to third parties having business dealings with
                the Seller, for the purpose of familiarizing themselves with the
                operation  and conduct of all aspects of their  business and for
                the  purpose  of  reasonable  inspection,   examination,  audit,
                counting  and  copying;   such  access  mail  not   unreasonably
                interfere with the operation and conduct of the Mining Business.

         6.  Representation of Seller.  Seller and the Principals hereby jointly
and severally represent and warrant to Buyer as follows:

            (a) Organization  and  Authority.   Seller  is  a  corporation  duly
                organized,  validly existing and in good standing under the laws
                of the State of Nevada.  This Agreement has been duly authorized
                by all  requisite  corporate  action on the part of Seller,  and
                constitutes  the valid,  binding and  enforceable  obligation of
                Seller and the Principals.

<PAGE>

            (b) Title to the  Purchased  Assets.  Seller is the lawful owner and
                has good and marketable title to all of the Purchased Assets and
                will warrant and defend title to the Purchased Assets unto Buyer
                and its  successors  and  assigns  against  claims  of any third
                parties.  Seller  has the  authority  to sell and  transfer  the
                Purchased Assets, which are (i) free and clear from any liens or
                encumbrances,  and  (ii)  are in good  operating  condition  and
                repair,  ordinary  wear and tear  accepted and are usable in the
                ordinary course of business.

            (c) Seller's  Liability.  Seller  does  not have  any  liability  or
                obligation (direct or indirect, contingent or absolute, known or
                unknown, mature or unmatured of any nature whatsoever),  whether
                arising   out  of   contract,   tort,   statute   or   otherwise
                ("Liabilities"),   except  (i)  as  specifically   disclosed  in
                Schedule 6(c) attached hereto;  or (ii) Liabilities  incurred in
                the ordinary  course of business which will not  individually or
                in the  aggregate  be  materially  adverse  to,  or  result in a
                materiel  increase in the current or  long-term  Liabilities  or
                obligations of Seller.  To the best knowledge of the Principals,
                upon due inquiry, there is no basis for assertion against Seller
                of any  Liabilities  accept for  Liabilities  described  in this
                Section 6(c).

            (d) Compliance  with Laws.  Seller has  complied  with and is not in
                default  under any  applicable  law,  ordinance,  regulation  or
                order,  the  violation of which would  materially  and adversely
                affect  the  Purchased  Assets  or the  Contracts.  There  is no
                litigation,  proceeding or investigation  pending or known to be
                threatened  which  might  materially  and  adversely  effect the
                Purchased  Assets,  the  Claims or the Mining  Business.  Seller
                holds all of the  franchises,  permits and  licenses  reasonably
                necessary  to  enable  it to  operate  the  Mining  Business  as
                presently conducted.

            (e) The Claims. The Claims are legal, valid, bidding and enforceable
                claims granted by the United States Bureau of Land Management to
                Seller  and,  to the  knowledge  of Seller are in full force and
                effect and Seller has not,  nor to its  knowledge  has any other
                party  thereto,  violated any  provision  thereof,  and complete
                copies  of all of the  Claims  disclosed  on  Exhibit  A of this
                Agreement have been  delivered to Buyer.  Except as set forth on
                Schedule  6(e),  none of the Claims is subject to  modification,
                lapse or termination,  not is the consent of any party required,
                as a result of the execution  and delivery of this  Agreement or
                the consummation of the transaction it contemplates.

            (f) Taxes.  Seller  has duly  filed all  federal,  state,  local and
                foreign  tax  returns  necessary  to be filed by it and has duly
                paid all taxes  (including any interest or penalties)  which are
                or will be due or payable  with  respect to such returns  or any
                other  assessment  with respect to taxes.  There are no known or
                proposed  penalty,   interest  or  deficiency  assessments  with
                respect to taxes that  require  payment  by,  relate to or could
                adversely affect the Purchased Assets.

            (g) Real Estate and Leases.  There is disclosed  in Schedule  6(g) a
                description  of  all  real  estate   (including   buildings  and
                improvements)  owned  or  leased  by  Seller  according  to  the
                character of the property  and the location  thereof.  Seller is
                not and, to the best knowledge of the Principals, no other party
                thereto,  is in default in any material  respect  under any real

<PAGE>

                property lease nor has any event occurred which with the passage
                of time or  giving of notice  or both  would  constitute  such a
                default.   No  encumbrances  have  been  placed,  or  have  been
                permitted to be placed, by the Principals,  the Seller or any of
                their affiliates,  on the real property.  Except as disclosed on
                Schedule 6(g), the real property and the buildings thereon owned
                or  utilized  by  the   Corporations   in  the  conduct  of  the
                Corporations  do not violate any building,  zoning or other laws
                or ordinances,  or any agreements,  applicable  thereto,  and no
                notice of any such  violation  or  claimed  violation  or of any
                condemnation  proceedings has been received by the Seller or the
                Principals.

            (h) Environmental Matters.  Except as disclosed in Schedule 6(h), to
                the beat  knowledge  of  Seller  and the  Principals  after  due
                inquiry and  investigation,  (i) the Purchased Assets materially
                comply with any law or regulation  governing  the  protection of
                the  environment,   (including  air,  water,  soil  and  natural
                resources) or the use, storage, handling, release or disposal of
                any hazardous or toxic substance  ("Environmental  Laws");  (ii)
                Seller has not  received  any written  notice from any  federal,
                state,  county,  municipal,  local or foreign government and any
                governmental  agency,  bureau,  commission,  authority  or  body
                alleging  that the  Purchased  Assets  are in  violation  of any
                applicable Environmental Law; (iii) the Purchased Assets are not
                the subject of any court order,  administrative  order or decree
                arising  under any  Environmental  Law; and (iv) to the Seller's
                knowledge  the  Acquired  Assets  have  not  been  used  for the
                generation,  storage,  discharge  or disposal  of any  Hazardous
                Substances,  as  defined  in,  and  except as  permitted  under,
                applicable Environmental Laws.

            (i) Operation  in  the  Ordinary  Course.  During  the  period  from
                December 31, 2002 to and  including  the Closing  Date,  (i) the
                Mining  Business  has been  operated in the -usual,  regular and
                ordinary course;  (ii) there has been no damage,  destruction or
                loss or any event materially  adversely  affecting the assets or
                the  business  or Seller;  (iii) there has been no sale or other
                disposition  of assets of the  Mining  Business  of the kind and
                character  of the  Purchased  Assets  over than in the  ordinary
                course of business;  and (iv) there has been no material  change
                in the level of net working capital, no incurrence of any funded
                debt  from  third  party  lenders,  and no  dividends  or  other
                distributions to the shareholders of Seller (other than salaries
                in the ordinary, course of business).

            (j) Employment  Matters.  Seller is not a party to any contract with
                any labor  organization,  nor has the Seller agreed to recognize
                any union or other collective bargaining unit, nor has any union
                or  other   collective   bargaining   unit  been   certified  as
                representing  any of the employees of the Seller with respect to
                the  operation  of the  Business,  and as of the  date  of  this
                Agreement,   Seller  is  not  experiencing  any  strikes,   work
                stoppages,   significant   grievance   proceedings  or,  to  the
                knowledge of Seller, claims of unfair labor practices filed with
                respect to the operation of the  Business.  Seller does not have
                any "employee  benefit plans" within the meaning of Section 3(3)
                of ERISA covering employees of Seller.

<PAGE>

            (k) Insurance.  Schedule  6(l)  contains  a list  of  all  insurance
                policies  specifying  (a) the  insurer,  (b) the  amount  of the
                coverage, (c) the .type of insurance,  (d) the policy number and
                (e) any  currently  pending  claims  thereunder  (or  any  claim
                asserted  thereunder or under similar  policies since January 1,
                2000)  maintained  by  or  on  behalf  of  the  Seller  on.  its
                properties, assets, business or personnel. All such policies are
                (and  pending  Closing  will  continue  to be) in full force and
                effect,  and Seller is not in default  in any  material  respect
                with  respect  to  any  provision  contained  in  any  insurance
                policies,  nor has  Seller  failed to give any notice or present
                any claim  thereunder in date and timely  fashion.  All premiums
                due and payable on such  policies  covering all periods  through
                the date hereof have been, and through the Closing Date will be,
                paid in full or accrued on the books and  records of the Seller.
                The  Seller is  insured in amounts  and  pursuant  to  insurance
                policies  satisfying all  requirements of applicable  laws. Also
                set forth on Schedule 6(l) is a list of all types of liabilities
                against which the Seller is self-insured. The insurance coverage
                provided bar the policies therein will not terminate or lapse or
                otherwise be affected by the  transactions  contemplated by this
                Agreement.

            (l) Investment  Intent.  Seller and Mr.  Lozensky are each (or their
                respective  designees  are) and will be acquiring the Shares for
                investment  only and not with a view to any public  distribution
                or resale.  Seller and Mr. Lozensky  acknowledge that the Shares
                will not be registered  under the  Securities  Act of 1933,  but
                rather  will  be  issued  pursuant  to in  applicable  exemption
                thereto  which may restrict the trading  thereof  Seller and Mr.
                Lozensky each agree to execute a customary  form of  purchaser's
                representation  letter with respect to their  acquisition of the
                Shares.

         7.  Representations  of Buyer.  Buyer represents and warrants to Seller
that (i) Buyer is a corporation  duly  organized,  validly  existing and in good
standing  under the laws of the State of Nevada and (ii) this Agreement has been
duly  authorized by the Board of Directors of Buyer and  constitutes  the valid,
binding and  enforceable  obligation  of Buyer,  subject  only to any  requisite
shareholder approvals with respect to the issuance of the Shares.

         8.  Indemnification.  Seller and the principals (solely, in the case of
the  Principals,  with respect to any knowing or negligently  wrongful breach of
any of the  representations  and warranties  set forth in foregoing  Section 6),
covenant and agree with Buyer that they shall  jointly and  severally  reimburse
and indemnify and hold Buyer  harmless  from,  against and in respect of any and
all liabilities of obligations of Seller which; (a) shall have occurred, arising
or existed prior to the date hereof,  (b) shall arise out of any breach of their
representations,  warranties or covenants  hereunder or (c) shall arise from any
failure  to  comply  with all  applicable  bulk  sales  and bulk  sales tax laws
affecting  the  transfers  contemplated  hereby.  Buyer  shall have the right to
withhold a pro-rata  portion of the Shares in  satisfaction  of, or as  security
for, the payment of any unreimbursed claims of indemnity.

         9.  Conditions  to  Obligation  of  Buyer.  The  obligations  of  Buyer
hereunder are subject to the satisfaction of the following  conditions,  any one
or more which may be waived in whole or in part by Buyer:

<PAGE>

            (a) The  representations and warranties of Seller and the Principals
                set forth in this  Agreement  shall be true end  correct  in all
                material respects as of the Closing Date as if made on and as of
                such date, and Seller shall have duly performed or complied with
                all of the  obligations  to be performed or complied  with by it
                under the terms of this  Agreement  on or prior to  Closing  and
                Buyer shall have received a  certificate  dated the Closing Date
                to such effect from Seller;

            (b) There  shall  have  been  no  material  adverse  change  in  the
                Purchased Assets or the Contracts;

            (c) Seller shall have  obtained  such  consents of third,  as may be
                necessary  to  transfer  such of the  Purchased  fits as require
                consents;

            (d) Seller shall have paid, prior to or  contemporaneously  with the
                Closing, all accounts payable, trade creditors and other amounts
                owed to any  third  parties,  and  shall  provide  Buyer  with a
                certified list thereof and a certificate  dated the Closing Date
                to such effect from Seller and the Principals;

            (e) Buyer  shall be  reasonably  satisfied  with the  results of its
                investigation  of  Seller  and  the  Business,  as  provided  in
                foregoing Section 3.4(c);

            (f) Buyer  shall  be  reasonably   satisfied   with  the  continuing
                employment  status of the  Principals  and other key  employees,
                pursuant to employment  agreements  reasonably  satisfactory  to
                Buyer, or otherwise;

            (g) Buyer  shall  have  obtained  any  requisite  approvals  of  the
                transaction  contemplated by this Agreement by its stockholders;
                and

            (h) Buyer shall have received the following  closing  documents from
                Seller:

                (i)  Good Standing Certificates. Certificates of legal existence
                anal good  standing  dated  within  five  (5) days  prior to the
                Closing Date for Seller from the State of Nevada;

                (ii)  CertifiedResolutions. Certified  copies of  resolutions of
                the board of directors and  shareholders  of Seller  authorizing
                the execution, delivery and performance of this Agreement and
                all acts of Seller  required or  advisable  in  connection  with
                the transactions contemplated hereby;

                (iii)  Certified  Charter.  A  true  and  complete  copy of  the
                Certificate  of  Incorporation  of  Seller,  certified   by  the
                Secretary of State of the State of Nevada; and

                (iv)  Other.  Such  other  documents  as  counsel  for the Buyer
                shall reasonably request.

<PAGE>

         10.  Conditions  to  Obligation  of  Seller  and  the  Principals.  The
obligations  of  Seller  and  the  Principals   hereunder  are  subject  to  the
satisfaction of the following conditions, any one or more of which may be waived
in whole or part by them:

            (a) The  representations  and  warranties of Buyer set forth in this
                Agreement shall be. true and correct in all material respects as
                of the Closing Date as if made on and as of such date, and Buyer
                shall  have  duly   performed  or  complied   with  all  of  the
                obligations  to be  performed  or complied  with by it under the
                terms of this  Agreement on or prior to Closing and Seller shall
                have  received  a  certificate  dated the  Closing  Date to such
                effect from Buyer.

            (b) Seller shall have received the following  closing documents from
                Buyer:

                (i) Good Standing Certificate.  Certificates of  legal existence
                and  good  standing  dated  within  five (5) days  prior to  the
                Closing Date for Buyer from the State of Nevada;

                (ii) Certified Resolutions. Certified copies of resolutions of
                the board of directors  of Buyer  authorizing  the  execution,
                delivery and  performance  of this  Agreement  and all acts of
                Buyer   required  or   advisable   in   connection   with  the
                transactions contemplated hereby;

                (iii)  Certified  Charter.  A  true  and  complete  copy  of the
                Certificate   of  Incorporation  of   Buyer,  certified  by  the
                Secretary of State of the State of Nevada; and

                (iv)  Other.  Such  other  documents  as  counsel for the Seller
                shall reasonably request.

         11. Payment of Expenses. Regardless of whether the Closing shall occur,
the  Principals  shall pay all  expenses  incurred  by or on their  behalf or on
behalf of the Seller (unless the parties shall have agreed,  in writing prior to
such expenses having been incurred,  that such expenses are for the post-closing
benefit of the  Business,  in which case the Buyer will pay (or permit Seller to
pay) for such  expenses),  and Buyer  shall pay all  expenses  incurred by or on
behalf of Buyer in connection with the  preparation,  execution said delivery of
this Agreement and the other agreements and documents referred to herein and the
consummation of the transactions contemplated hereby and thereby. If an audit of
the Business is required by Buyer, Seller at no additional expense to Buyer will
assist with audit  preparation by preparing work papers and lead sheets,  and by
providing other relevant services consistent with acceptable audit procedures.

         12.  Commissions  and Finder's  Fees.  Buyer,  on the one hand, and the
Principals on behalf of themselves and the Seller, on the other hand,  represent
and  warrant  that  none of  them  has  retained  or used  the  services  of any
individual,  firm or corporation  in such manner as to entitle such  individual,
firm or  corporation  to any  compensation  for  brokers' or finders'  fees with
respect  to the  transactions  contemplated  hereby  far  which the other may be
liable.

<PAGE>

         13. Exclusivity;  Termination; Highly Confidential Letter. For a period
of sixty (60) days from the date of execution of this Agreement,  nether Seller,
the Principals nor any of their  employees or advisors will discuss the proposed
transaction  with any  other  party or  otherwise  promote,  cooperate  in or be
involved in or encourage  discussions  regarding the sale of the stock or assets
of Seller as contemplated herein. The parties agree to proceed expeditiously and
in good faith to consummate the proposed transaction.

         14.  Governing.  Law. This  Agreement  shall he construed in accordance
with the internal laws of the State of Nevada.

         15.  Successors and Assigns.  This Agreement  shall be binding upon and
inure to the benefit of the respective  successors of Seller, the Principals and
Buyer.  Neither  party  hereto may assign its rights or  obligations  under this
Agreement  without the written  consent of the other,  which consent will not be
unreasonably withheld.

         16. Entire  Agreement.  This Agreement sets forth the entire  agreement
and  understanding  of Seller,  the  Principals  and Buyer  with  respect to the
subject matter hereof and supersedes  all prior and  contemporaneous  written or
oral agreements,  understandings or  representations  which are not specifically
contained  herein.  This Agreement may be amended or modified only bar a written
instrument signed by Seller, the Principals and Buyer.

         17.  Disputes.  The  parties  agree to attempt to resolve  any claim or
dispute arising out of or relating to this Agreement by mediation and good faith
reasonable  negotiation  prior to resorting to any  litigation or other judicial
process.

         18. Publicity.  No notices to third parties (including press release or
to any  employees,  suppliers or  customers  of Buyer or Seller  (other than key
management and other persons whose knowledge is required),  shall be made by any
party here to unless mutually  agreed to, planned and coordinated  jointly among
the parties hereto.

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

         IN WITNESS WHEREOF, Seller, the Principals and Buyer have executed this
Agreement as of the date first above written.

Gold and Minerals Co., Inc.                     El Capitan Precious Metals, Inc.
("Seller")                                      ("Buyer")

By  /s/Larry Lozensky                           By  /s/ Charles C. Mottley
   ------------------------------                 ------------------------------
Its  President                                  Its  President
    -----------------------------                  -----------------------------

THE PRINCIPALS

/s/ Charles Mottley
-----------------------------------
Charles Mottley

<PAGE>

/s/ Larry Lozensky
-----------------------------------
Larry Lozensky

When Recorded Mail To:
EL Capitan Precious Metals, Inc.
7315 East Parkview Avenue
Englewood, Colorado 80111

                                 QUIT-CLAIM DEED

         For Ten Dollars,  and other valuable  consideration,  Gold and Minerals
Company,  Inc., a Nevada corporation,  hereby Quit-Claims to EL Capitan Precious
Metals,  Inc.,  a Nevada  corporation,  all right,  title,  or  interest  in the
following described real property situated in Mohave County, Arizona:

                         See Exhibit A attached hereto.

Exempt per ARS 11-1134 A.7

Dated:  July 21, 2003

                         GOLD AND MINERAL COMPANY, INC.
                              a Nevada corporation

                                    By  /s/ Larry L. Lozensky
                                      -------------------------------
                                        Larry L. Lozensky, President

STATE OF ARIZONA

County of Maricopa

         This instrument was  acknowledged  and executed before me the 22 day of
July, 2003, by Larry L. Lozensky,  President of Gold and Minerals Company, Inc.,
a Nevada corporation, on behalf of the corporation.

                                           - signature illegible -
                                           -----------------------
                                           Notary Public
<PAGE>

                                    EXHIBIT A

                                 C.O.D. Property

                                 County Recorder
Claim Name               Book                Pass                   B.L.M.
----------               ----                ----                   A.M.C. Nos.
                                                                    -----------
JAYNS                    841                 806-807                175025
KIM                      841                 808-809                175026
KMIC                     841                 810-811                175015
MARC                     841                 812-813                175030
O.J.B.                   841                 814-815                175031
GOLDEN MOON              841                 816-817                175024
RICO                     841                 834-835                175039
NOON NO. 1               841                 832-833                175032
WHITE BAGLE              841                 850-851                175044
WHITE BAGLE #2           841                 852-853                175045
REUDE                    841                 848-849                175035
UNIT                     841                 846-847                175043
RENO                     841                 844-845                175034AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

                                       OF

                            TOP GROUP HOLDINGS, INC.

It is hereby certified that:

      1. The present name of the corporation (hereinafter called the
"Corporation") is TOP Group Holdings, Inc. The date of filing the original
certificate of incorporation of the Corporation with the Secretary of State of
the State of Delaware is February 11, 2003.

      2. The certificate of incorporation of the Corporation, as previously
amended, is hereby amended by striking out the previous Articles in their
entirety and by substituting in lieu thereof new Articles which are set forth in
the Amended and Restated Certificate of Incorporation hereinafter provided for.

      3. The provisions of the certificate of incorporation of the Corporation
as heretofore amended are hereby restated and integrated into the single
instrument which is hereinafter set forth, and which is entitled Amended and
Restated Certificate of Incorporation of Top Group Holdings, Inc. without any
further amendments and without any discrepancy between the provisions of the
certificate of incorporation as heretofore amended and the provisions of the
said single instrument hereinafter set forth.

      4. The amendments to and restatement of the certificate of incorporation
herein certified have been duly adopted by the stockholders in accordance with
the provisions of Section 228 of the General Corporation Law of the State of
Delaware.

      5. This Amended and Restated Certificate of Incorporation was duly adopted
by the Board of Directors of the Corporation in accordance with Sections 242 and
245 of the General Corporation Law of the State of Delaware.

      THE CERTIFICATE OF INCORPORATION OF THE CORPORATION, AS AMENDED AND
RESTATED HEREIN, SHALL AT THE EFFECTIVE TIME OF THIS AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION, READ AS FOLLOWS:

<PAGE>

                AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

                                       OF

                            TOP GROUP HOLDINGS, INC.

            FIRST: The name of the corporation is TOP GROUP HOLDINGS, INC. (the
"Corporation").

            SECOND: The address of the Corporation's registered office in the
State of Delaware is 2711 Centerville Road, Suite 400, Wilmington, Delaware
19808-1297, County of New Castle. The name of its registered agent at such
address is the Corporation Service Company.

            THIRD: The purposes of the Corporation are to engage in any lawful
act or activity for which corporations may be organized under the General
Corporation Law.

            FOURTH: The total number of shares of all classes of stock which the
Corporation shall have authority to issue is 100,000,000 shares of common stock,
$.0001 par value per share ("Common Stock").

            FIFTH: The Corporation is to have perpetual existence.

            SIXTH: For the management of the business and for the conduct of the
affairs of the Corporation, and in further definition and not in limitation of
the powers of the Corporation and of its directors and of its stockholders or
any class thereof, as the case may be, conferred by the State of Delaware, it is
further provided that:

                  (A) The management of the business and the conduct of the
affairs of the Corporation shall be vested in its Board of Directors. The number
of directors that shall constitute the whole Board of Directors shall be fixed
by, or in the manner provided in, the Bylaws. The phrase "whole Board" and the
phrase "total number of directors" shall be deemed to have the same meaning, to
wit, the total number of directors, which the Corporation would have if there
were no vacancies. No election of directors need be by written ballot.

                  (B) After the original or other Bylaws of the Corporation have
been adopted, amended or repealed, as the case may be, in accordance with the
provisions of Section 109 of the General Corporation Law, and, after the
Corporation has received any payment for any of its stock, the power to adopt,
amend, or repeal the Bylaws of the Corporation may be exercised by the Board of
Directors of the Corporation.

                  (C) The books of the Corporation may be kept at such place
within or without the State of Delaware as the Bylaws of the Corporation may
provide or as may be designated from time to time by the Board of Directors of
the Corporation.

                                       2
<PAGE>

            SEVENTH: The Corporation shall, to the fullest extent permitted by
Section 145 of the General Corporation Law, as the same may be amended and
supplemented from time to time, indemnify and advance expenses to (i) its
directors and officers, and (ii) any person who at the request of the
Corporation is or was serving as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise, from
and against any and all of the expenses, liabilities, or other matters referred
to in or covered by said section as amended or supplemented (or any successor);
provided, however, that except with respect to proceedings to enforce rights to
indemnification, the Bylaws of the Corporation may provide that the Corporation
shall indemnify any director, officer or such person in connection with a
proceeding (or part thereof) initiated by such director, officer or such person
only if such proceeding (or part thereof) was authorized by the Board of
Directors of the Corporation. The Corporation, by action of its Board of
Directors, may provide indemnification or advance expenses to employees and
agents of the Corporation or other persons only on such terms and conditions and
to the extent determined by the Board of Directors in its sole and absolute
discretion. The indemnification provided for herein shall not be deemed
exclusive of any other rights to which those indemnified may be entitled under
any bylaw, agreement, vote of stockholders or disinterested directors or
otherwise, both as to action in their official capacity and as to action in
another capacity while holding such office, and shall continue as to a person
who has ceased to be a director, officer, employee, or agent and shall inure to
the benefit of the heirs, executors and administrators of such a person.

            EIGHTH: No director of the Corporation shall be liable to the
Corporation or any of its stockholders for monetary damages for breach of
fiduciary duty as a director, provided that this provision does not eliminate or
limit the liability of the director (i) for any breach of the director's duty of
loyalty to the Corporation or its stockholders, (ii) for acts or omissions not
in good faith or which involve intentional misconduct or a knowing violation of
law, (iii) under Section 174 of the General Corporation Law, or (iv) for any
transaction from which the director derived an improper personal benefit. For
purposes of the prior sentence, the term "damages" shall, to the extent
permitted by law, include without limitation, any judgment, fine, amount paid in
settlement, penalty, punitive damages, excise or other tax assessed with respect
to an employee benefit plan, or expense of any nature (including, without
limitation, reasonable counsel fees and disbursements). Each person who serves
as a director of the Corporation while this Article NINTH is in effect shall be
deemed to be doing so in reliance on the provisions of this Article NINTH, and
neither the amendment or repeal of this Article NINTH, nor the adoption of any
provision of this Certificate of Incorporation inconsistent with this Article
NINTH, shall apply to or have any effect on the liability or alleged liability
of any director of the Corporation for, arising out of, based upon, or in
connection with any acts or omissions of such director occurring prior to such
amendment, repeal, or adoption of an inconsistent provision. The provisions of
this Article NINTH are cumulative and shall be in addition to and independent of
any and all other limitations on or eliminations of the liabilities of directors
of the Corporation, as such, whether such limitations or eliminations arise
under or are created by any law, rule, regulation, bylaw, agreement, vote of
stockholders or disinterested directors, or otherwise.

                                       3
<PAGE>

            NINTH: Whenever a compromise or arrangement is proposed between this
Corporation and its creditors or any class of them and/or between the
Corporation and its stockholders or any class of them, any court of equitable
jurisdiction within the State of Delaware may, on the application in a summary
way of this Corporation or of any creditor or stockholder thereof or on the
application of any receiver or receivers appointed for this Corporation under
the provisions of Section 291 of the General Corporation Law or on the
application of trustees in dissolution or of any receiver or receivers appointed
for this Corporation under the provisions of Section 279 of the General
Corporation Law order a meeting of the creditors or class of creditors, and/or
of the stockholders or class of stockholders of this Corporation, as the case
may be, to be so summoned in such manner as the said court directs. If a
majority in number representing three-fourths in value of the creditors or class
of creditors, and/or the stockholders or class of stockholders of this
Corporation, as the case may be, agree to any compromise or arrangement and to
any reorganization of this Corporation as consequence of such compromise or
arrangement, the said compromise or arrangement and the said reorganization
shall, if sanctioned by the court to which the said application has been made,
be binding on all the creditors or class of creditors, and/or on all the
stockholders or class of stockholders, of this Corporation, as the case may be,
and also on this Corporation.

            TENTH: From time to time any of the provisions of this Certificate
of Incorporation may be amended, altered or repealed, and other provisions
authorized by the laws of the State of Delaware at the time in force may be
added or inserted in the manner and at the time prescribed by said laws, and all
rights at any time conferred upon the stockholders of the Corporation by this
Certificate of Incorporation are granted subject to the provisions of this
Article.

            IN WITNESS WHEREOF, the undersigned hereby declares and certifies
that the facts herein stated are true, and accordingly have hereunto set my hand
this 21st day of January 2005.

                                              /s/ RU-HUA SONG
                                              ---------------------------------
                                              Ru-Hua Song, President

                                       4

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