Document:

Termination Agreement

     

    Exhibit
      10.2

    

    

     

    THE
      PERSONS NAMED IN SCHEDULE 1

    

    And

    

    COMTECH
      GROUP

    

    And

    

    UNITED
      INFORMATION TECHNOLOGY CO. LTD.

    

    TERMINATION
      OF UIT SHARE PURCHASE AGREEMENT

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     THIS
      AGREEMENT (this
      “Agreement”)
      is
      made on 6 August, 2006 by and among Comtech Group (the “Comtech”),
      a
      company incorporated and existing under the laws of the Cayman Islands, United
      Information Technology Co. Ltd., a company incorporated and registered in
      British Virgin Islands (
      the
“Company”),
      [            ],
a
      wholly
      foreign owned enterprise established in the People’s Republic of China (the
“Subsidiary”),
      the
      previous holders of Common Shares of the Company listed on Schedule 1 hereto
      (the “Previous
      Shareholders”)
      who
      were the shareholders of the Company prior to Previous Shareholders agreed
      to
      sell shares of the Company to Comtech on May 12, 2005 .

     

     

    
      	 	
              1.

            	
              WHEREAS:

            

    

     

    
      	 	
              1.1

            	
              An
                agreement was made on 12 May, 2005 by and among Comtech, the Company,
                the
                Subsidiary and the Previous Shareholders (the “Previous
                Share Purchase Agreement”
                set forth in Schedule 2 hereto).

            

    

     

    
      	
            	2.	
              AGREEMENT:

            

    

     

    
      	
            	2.1	
              Comtech,
                the Company, the Subsidiary and the Previous Shareholders agree that
                upon
                the Completion of the sale of shares of the Company as defined in
                the
                agreement of
                the Sale and Purchase of Shares in the Company (the “New Share Sale
                Agreement”as set forth in Schedule 3 hereto) dated
                on August 6, 2006 by and among Comtech, United Information Technology
                Co.
                Ltd., a company incorporated and registered in Cayman Islands, the
                Company, the Subsidiary, the
                Previous Share Purchase Agreement shall be terminated and void with
                immediate effect, and all the obligations, rights, responsibilities,
                liabilities and representations and warranties of Comtech Group shall
                be
                void and no longer have any effect. The Previous Shareholders do
                not
                object Comtech to enter the New Share Sale Agreement, and waive all
                the
                rights of the Previous Shareholders under the Previous Share Purchase
                Agreement. The Company, the Subsidiary and the Previous Shareholders
                further agree to waive the right to sue Comtech related to any claims
                or
                potential claims related to the Previous Share Purchase Agreement
                or
                arising from the Company and /or from the Subsidiary. The Company,
                the
                Subsidiary and the Previous Shareholders further agrees to indemnify
                Comtech from damages, any liabilities or potential liabilities related
                to
                the Previous Share Purchase Agreement or claims related to the Company
                or
                the Subsidiary.

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
            	2.2	
              It
                is hereby acknowledged and agreed by each of the parties hereto that
                each
                of the parties hereto unconditionally and irrevocably waive all its
                rights, claims, interests, remedies, powers and actions pursuant
                to and
                arising from or in connection with the Previous Share Purchase Agreement
                and, accordingly, each of the parties hereto shall be unconditionally
                and
                irrevocably released from all obligations and liabilities assumed
                or
                incurred by it pursuant to the Previous Share Purchase Agreement
                with
                effect from the date of this
                Agreement.

            

    

    

    
      	
            	3	
              General
                Provisions

            

    

    

    
      	
            	3.01	
              Each
                of the parties hereto shall pay its own legal costs and charges and
                all
                other fees, costs, charges and expenses connected with the negotiation,
                preparation and implementation of this
                Agreement.

            

    

    

    
      	
            	3.02	
              Any
                notice required to be given under this Agreement shall be deemed
                duly
                served if left at or sent by registered post to, to the parties hereto
                at
                the address first mentioned above or such other address as shall
                have been
                notified in writing by or on behalf of such party to the other. Any
                such
                notice shall be deemed to be served at the time when the same if
                left at
                the address of the party to be served or if served by post on the
                second
                day (not being a Sunday or public holiday) next following the day
                of
                posting.

            

    

    

    
      	
            	3.03	
              This
                Agreement represents the entire agreement between the parties and
                supersedes any and all previous agreements in relation to the subject
                matter hereof.

            

    

    

    
      	
            	3.04	
              No
                variation, or waiver of any right in relation to, this Agreement
                shall be
                effective unless or made confirmed in writing and signed by each
                party.

            

    

    

    
      	
            	3.05	
              The
                provisions of this Agreement are severable and if any provision is
                held to
                be invalid, illegal or unenforceable by any court of competent
                jurisdiction then such invalidity, illegality or unenforceability
                shall
                not affect the remaining provisions of this
                Agreement.

            

    

    

    
      	
            	3.06	
              This
                Agreement is governed by the laws of Hong Kong and the parties agree
                to
                submit to the non-exclusive jurisdiction of the courts of Hong
                Kong.

            

    

    

    
      	
            	3.07	
              This
                Agreement is binding on and shall ensure for the benefit of each
                party’s
                successors and assigns but no right or obligation hereunder shall
                be
                capable of assignment or transfer by any party without the written
                consent
                of the other.

            

    

    

    

    Execution
      appears of following page.

    

    This
      Agreement was signed by the parties on the date first written
      above.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

     

    
      	
              SIGNED
                by

            	
              )

            
	
              for
                and on behalf of

            	
              )    /s/
                Jeffrey Kang

            
	
              Comtech
                Group

            	
              )

            
	
              in
                the presence of:

            	 
	 	 

    

    

     

    
      	
              SIGNED
                by

            	
              )

            
	
              for
                and on behalf of

            	
              )    /s/
                William Chan

            
	
              United
                Information Technology Co. Ltd (a company incorporated
                

              under
                the laws of the British Virgin Islands)

            	
              )

            
	
              in
                the presence of:

            	 
	 	 

    

    

     

    
      	
              SIGNED
                by

            	
              )

            
	
              for
                and on behalf of

            	
              )    /s/
                William Chan

            
	
              [                  
                ]

            	
              )

            
	
              in
                the presence of:

            	 
	 	 

    

    

     

    
      	
              SIGNED
                by

            	
              )

            
	
              CHEN
                Kai (     )

            	
              )    /s/
                Chen Kai

            
	
              in
                the presence of:

            	
              )

            
	 	 
	 	 

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
              SIGNED
                by

            	
              )

            
	
              LIN
                Qiao Li (       )

            	
              )    /s/
                Lin Qiao Li

            
	
              in
                the presence of:

            	
              )

            
	 	 
	 	 

    

    

     

    
      	
              SIGNED
                by

            	
              )

            
	
              for
                and on behalf of

            	
              ) 

            
	
              Pioneer
                System Investment Limited

            	
              )

            
	
              in
                the presence of:

            	 
	 	 

    

    

     

    
      	
              SIGNED
                by

            	
              )

            
	
              LAM
                Chi Ming (      )

            	
              )    /s/
                Lam Chi Ming

            
	
              in
                the presence of:

            	
              )

            
	 	 
	 	 

    

    

     

    
      	
              SIGNED
                by

            	
              )

            
	
              CHAN,
                William (      )

            	
              )    /s/
                William Chan

            
	
              in
                the presence of:

            	
              )

            
	 	 
	 	 

    

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      
         

        Schedule
          1

         

      

    

    The
      Previous Shareholders

     

    
      	
              Name 

            	
              Number
                of 

              Common
                Shares

            	
              Ownership
                (%)

            
	
              CHEN
                Kai (   )

            	
              2,776

            	
              27.76

            
	
              LIN
                Qiao Li (    )

            	
              2,086

            	
              20.86

            
	
              Pioneer
                System Investment Limited

            	
              2,780

            	
              27.80

            
	
              LAM
                Chi Ming (     )

            	
              1,179

            	
              11.79

            
	
              CHAN,
                William (     )

            	
              1,179

            	
              11.79

            
	 	 	 
	 	 	 
	
              Total

            	
              10,000

            	
              100.0

            
	 	 	 

    

    

     

    The
      registered address of all existing shareholders is
      [                                                    
]1501(518057)

     

     

    6Shares Aquisition Agreement

     

    Exhibit
      10.3

    

    

     

    

    

    

    SHARES
      ACQUISITION AGREEMENT

    (the
      “AGREEMENT” ) OF

    SHANGHAI
      E & T SYSTEM COMPANY LIMITED

    (                           
      )

    

     

    
 

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

    TABLE
      OF CONTENTS

     

    

      
        	
                Contents

              	
                Page

              
	 	 
	
                1            
                  Agreement

              	
                3

              
	 	 
	
                2           
                   Shares Acquisition

              	
                3

              
	 	 
	
                3            
                  Payment of consideration to the Existing Shareholders

              	
                4

              
	 	 
	
                4            
                  Completion

              	
                4

              
	 	 
	
                5            
                  Disclosure

              	
                4

              
	 	 
	
                6            
                  Announcements

              	
                4

              
	 	 
	
                7            
                  Severability

              	
                5

              
	 	 
	
                8            
                  General

              	
                5

              
	 	 
	
                9            
                  Whole agreement

              	
                6

              
	 	 
	
                10          
                  Governing laws

              	
                6

              
	 	 
	
                Schedule
                  1 The Existing Shareholders (Transferor)

              	
                7

              

      

    

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    
      	
              1.

            	
              THIS
                AGREEMENT
                is
                made on 6th
                August 2006

            

    

     

     

    BETWEEN:

     

    
      	
              (1)

            	
              Duckworth
                Investments Limited,
                (“Duckworth”) a company incorporated in the British Virgin Islands (“the
                Transferor”);
                and

            

    

     

    
      	
              (2)

            	
              COMTECH
                (CHINA) HOLDING LTD., (“Comtech
                China”), a
                company incorporated in the British Virgin Islands (the
                “Transferee”).

            

    

     

     

     

    WHEREAS:

     

    
      	(A)	
              SHANGHAI
                E & T SYSTEM COMPANY LIMITED
                (“                  
                ”)
                (“The Company”) is a company limited by shares and incorporated in the
                People’s Republic of China .

            

    

     

    
      	(B)	
              The
                Transferee intends to acquire totally 40% of the Company’s
                shares from
                the Duckworth named in Schedule 1
                in an aggregate sum of RMB16,000,000.

            

    

     

    
      	(C)	
              The
                Transferee and the Transferor have agreed to enter into this Agreement
                for
                the purposes of recording the terms and conditions on which the Transferee
                will purchase totally 40% of the Company’s shares from
                the Duckworth.

            

    

     

    

    
      	2	
              Shares
                Acquisition

            

    

    

    Pursuant
      to this Agreement, Comtech China have agreed to acquire and 潋椉
      and
孙瀻
      (collectively the “Transferor”) who are the shareholders of the Duckworth
      named in
      Schedule 1 have agreed to dispose the shares interest in the Company,
      representing 40% equity interest in [“                       
      ”]
      for
      a
      consideration of totally RMB16,000,000 satisfy by cash. 

    

    

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    

    
      	3	
              Payment
                of Consideration to the Existing
                Shareholders

            

    

     

    
      	3.1	
              Comtech
                China will pay RMB8,000,000 purchase consideration to each
                “Transferor” respectively (totally RMB16,000,000) on
                the following manner:-

            

    

     

    (A)
      Payment of RMB5,000,000 to each transferor (totally RMB10,000,000) within 1
      month from the day on which the Agreement was signed on the condition of
      completion of this agreement. ;

     

    (B)
      Payment of RMB3,000,000 to each transferor (totally RMB6,000,000) no later
      than
      18 months from the day on which the Agreement was signed on the condition of
      completion of this agreement.

    

    

    
      	
              4

            	
              Completion

            

    

    

    The
      Agreement will be completed upon completion of the registration procedures
      to
      validate the transfer of shares from transferor to transferee in accordance
      with
      rules and regulation of the Peoples’s Republic of China.

    

    
      	5	
              Disclosure

            

    

    

    The
      Existing Shareholders acknowledge that all facts relating to the Company
      businesses that could reasonably be expected to or would have any material
      adverse effect on such Company businesses have been fully disclosed to Comtech
      China or to their legal counsel in the course of the negotiations leading to
      this Agreement was given and is now complete, true and accurate, taken as a
      whole, in all material respects and not misleading in any material respect.
      

     

    
      	6	
              Announcements

            

    

     

    No
      party
      shall make or permit any person connected with it to make any announcement
      concerning this Agreement or any ancillary matter except as required by law
      or
      any competent regulatory body or with the prior written approval of the other
      parties, such approval not to be unreasonably withheld or delayed.

     

    

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    

    
      	7	
              Severability

            

    

    

    The
      provisions contained in each clause and sub-clause of this Agreement shall
      be
      enforceable independently of each of the others and its validity shall not
      be
      affected if any of the others is invalid. If any of those provisions is void
      but
      would be valid if some parts of the provision were deleted, the provision in
      question shall apply with such modification as may be necessary to make it
      valid.

     

    
      	8	
              General

            

    

     

    
      	8.1	
              Save
                as provided otherwise in this Agreement, none of the rights or obligations
                under this Agreement may be assigned or transferred without the prior
                written consent of Comtech China.

            

    

     

    
      	8.2	
              This
                Agreement may be executed in any number of counterparts, all of which
                together shall constitute one and the same agreement, and any party
                may
                enter into this Agreement by executing a
                counterpart.

            

    

     

    
      	8.3	
              The
                Existing Shareholders agree, as between themselves, that they shall
                procure the convening of all meetings and the giving of all waivers
                and
                consents and the passing of all resolutions and shall otherwise exercise
                all powers and rights available to them in order to give effect to
                the
                provisions of this Agreement.

            

    

     

    
      	8.4	
              The
                Existing Shareholders agree, as between themselves, that if any provisions
                of the memorandum and/or articles of association or incorporation
                or
                by-laws of the Company at any time conflict with any provisions of
                this
                Agreement, the provisions of this Agreement shall prevail and the
                existing
                shareholders shall exercise all powers and rights available to them
                to
                procure the amendment of such memorandum and/or articles of association
                or
                by-laws to the extent necessary to permit the Company and its affairs
                to
                be regulated as provided in this
                Agreement.

            

    

     

    
      	8.5	
              The
                Existing Shareholders represent that they are the beneficial and
                legal
                owner of the 40% share capital of the Company and their ownership
                in the
                Company are free and clear of any lien, charge or encumbrance
                whatsoever.

            

    

     

    
      	8.6	
              Save
                as provided otherwise, where any obligation, representation, warranty
                or
                undertaking in this Agreement is expressed to be made, undertaken
                or given
                by two or more persons, such person shall be jointly and severally
                responsible in respect of it.

            

    

     

    

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    
      	
              9

            	
              Whole
                Agreement

            

    

    

    
      	9.1	
              This
                Agreement constitutes the full and entire understanding and agreement
                among the parties with regard to the subjects hereof and thereof.
                Any term
                of this Agreement may be amended and the observance of any term of
                this
                Agreement may be waived (either generally or in a particular instance
                and
                either retroactively or prospectively), only with the written consent
                of
                Comtech China, provided, however, that any party may waive any of
                such
                party’s respective rights hereunder without obtaining the consent of any
                other party. 

            

    

    

    
      	9.2	
              Each
                of the parties acknowledges that, in agreeing to enter into this
                Agreement, it has not relied on any representation, warranty, collateral
                contract or other assurance (except those set out in this Agreement
                and
                the documents referred to in it) made by or on behalf of any other
                party
                before the signature of this Agreement. Each of the parties waives
                all
                rights and remedies which, but for this Sub-clause 9.2, might otherwise
                be
                available to it in respect of any such representation, warranty,
                collateral contract or other assurance, provided that nothing in
                this
                Sub-clause 9.2 shall limit or exclude any liability for
                fraud.

            

    

    

    
      	10	
              Governing
                Law

            

    

     

    This
      Agreement shall be governed by and construed under the laws of the Hong Kong
      Special Administrative Region of the People’s Republic of China (“Hong
      Kong”).

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    Schedule
      1 

     

    Duckworth
      Investments Limited (Transferor) 

     

    
      	 	 	 
	
              Shareholders
                Name

            	
              Paid
                Up Capital (USD) 

            	
              Shareholding
                %

            
	 	 	 
	
              [            
                ]

            	
              1

            	
              50.00

            
	
              [            
                ]

            	
              1

            	
              50.00

            
	 	 	 
	 	 	 
	 	
              2

            	
              100.0

            
	 	 	 

    

    

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    This
      Agreement was signed by the parties on the date first written
      above.

     

    

     

    
      	
              SIGNED
                by

            	
              )

            
	
              for
                and on behalf of

            	
              )

            
	
              COMTECH
                (CHINA) HOLDING LTD. 

            	
              )
                /s/
                Jeffrey Kang

            
	
              in
                the presence of:

            	 
	 	 

    

    

     

    
      	
              SIGNED
                by [         
                ]

            	
              )

            
	
              for
                and on behalf of

            	
              )

            
	
              Duckworth
                Investments Limited 

            	
              )
                /s/
                Shao,
                Lei 

            
	
              in
                the presence of:

            	 
	 	 

    

    

     

    
      	
              SIGNED
                by
                [            
                ]

            	
              )

            
	
              for
                and on behalf of

            	
              )

            
	
              Duckworth
                Investments Limited 

            	
              )/s/
                Sun,
                Xun 

            
	
              in
                the presence of:

            	 
	 	 

    

    
       

       

       

      -
        8-

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