Document:

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                                                                     EXHIBIT 4.6

AGREEMENT FOR THE EXCHANGE OF COMMON STOCK

AGREEMENT made this 13th day of February, 2004, by and between DF China
Technolgoy Inc., a corporation incorporated in the British Virgin Islands
(hereinafter, called "DFCT") and DiChain Systems Limited (hereinafter called
"DiChain Systems"), a limited company incorporated in Hong Kong, a leading IT
solutions and service provider for the logistic and supply chain management
industry in China, Farsight Holdings Limited (hereinafter called "Farsight"), a
limited company incorporated in the British Virgin Islands and is engaged in
investment holdings activities, Squadram Limited (hereinafter called
"Squadram"), a limited company incorporated in the British Virgin Islands and is
engaged in investment holdings activities, and Earnest Investments Services
Limited (hereinafter called "Earnest"), a limited company incorporated in the
British Virgin Islands and is engaged in investment holdings activities.

In consideration of the mutual promises, covenants, and representations
contained herein, and other good and valuable consideration,

RECITALS:

1.          DiChain Software Systems (Shenzhen) Limited ("DiChain Software"), a
            limited company incorporated in the People's Republic of China
            ("PRC") and is engaged in the business of designing, manufacturing
            and selling computer software and hardware products and systems
            solutions for the supply chain management and logistics computer
            industry in China.

2.          DiChain Systems Limited is holding 68% equity interest in DiChain
            Software and it is desirous to sell all its 68% equity interest in
            DiChain Software in exchange for 134,503,320 new shares of common
            stock in DFCT after completion of the Agreement.

3.          Farsight Holdings Limited is holding 15% equity interest in DiChain
            Software and it is desirous to sell all its 15% equity interest in
            DiChain Software in exchange 29,669,850 shares of common stock in
            DFCT after completion of the Agreement.

4.          Squadram Limited, a limited company incorporated in the British
            Virgin Islands and is holding 9% equity interest in DiChain Software
            and it equity interest in DiChain Software and it is desirous to
            sell all its 9% equity interest in DiChain Software in exchange
            17,801,910 shares of common stock in DFCT after completion of the
            Agreement.

5.          Earnest Investments Services Limited, a limited company incorporated
            in the British Virgin Islands and is holding 8% equity interest in
            DiChain Software and it equity interest in DiChain Software and it
            is desirous to sell all its 68% equity interest in DiChain Software
            in exchange 15,823,920 shares of common stock in DFCT after
            completion of the acquisition.

6.          The exchange for the shares of common stock of DFCT will be effected
            by the merger of DiChain Software and DFCT which is subject to the
            shareholder approval of DFCT and DFCT shall be the surviving company
            of the merger.

7.          DFCT shall effect a stock consolidation ("reverse stock split")
            pursuant to which each shareholder of DFCT will be issued one new
            share of common stock to replace each five shares of common stock
            now outstanding.

8.          DiChain Systems, Farsight, Squadram and Earnest are collectively
            called the "Software Shareholders").

9.          DFCT will issue a total of 39,559,800 reverse new post reverse split
            shares (the " New Shares")

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            of common stock to the Software Shareholders after completion of the
            acquisition.

THE PARTIES HERETO AGREE AS FOLLOWS:

1.    EXCHANGE OF SECURITIES.

            Subject to the terms and conditions of this Agreement, DFCT agrees:

            (i)   to issue to DiChain Systems, 26,900,664 new post (5 old for 1
                  new) reverse split shares of common stock of the DFCT, such
                  that DiChain Systems shall become the shareholder holding
                  approximately 49.82% of the then enlarged issued share capital
                  of the DFCT;

            (ii)  to issue to Farsight, 5,933,970 new post (5 old for 1 new)
                  reverse split shares of common stock of the DFCT, such that
                  DiChain Systems shall become the shareholder holding
                  approximately 12.90% of the then enlarged issued share capital
                  of the DFCT;

            (iii) to issue to Squadram, 3,560,382 new post (5 old for 1 new)
                  reverse split shares of common stock of the DFCT, such that
                  DiChain Systems shall become the shareholder holding
                  approximately 7.25% of the then enlarged issued share capital
                  of the DFCT;

            (iv)  to issue to Earnest, 3,164,784 new post (5 old for 1 new)
                  reverse split shares of common stock of the DFCT, such that
                  DiChain Systems shall become the shareholder holding
                  approximately 6.45% of the then enlarged issued share capital
                  of the DFCT; and

2.    REPRESENTATIONS AND WARRANTIES. DFCT represents and warrants to DiChain
      Systems, Farsight, Squadram and Earnest the following:

      i     Organization. DFCT is a corporation duly organized under the laws of
            British Virgin Islands and has all the necessary corporate powers to
            own properties and carry on a business, and is duly qualified to do
            business in China. All actions taken by the incorporators, directors
            and shareholders of the DFCT have been valid and in accordance with
            the laws of the British Virgin Islands.

      ii    Capital. The authorized capital stock of DFCT is 250,000,000 shares
            of common stock without par value, of which 47,620,712 are issued
            and outstanding and 50,000,000 shares of preferred stock without par
            value, of which there are no issued and outstanding. All outstanding
            shares are fully paid. None of the outstanding shares of the DFCT
            are subject to any stock restriction agreements. All of the
            shareholders of the DFCT have valid title to such shares and
            acquired their shares in a lawful transaction.

      iii.  Liabilities. DFCT does not have any debt, liability, or obligation
            of any nature, whether accrued, absolute, contingent, or otherwise,
            and whether due or to become due, which will materially and
            adversely affect the financial position of DFCT. DFCT is not aware
            of any pending, threatened or asserted claims, lawsuits or
            contingencies involving DFCT or its common stock. There is no
            dispute of any kind between the DFCT and any third party, and no
            such dispute which will materially and adversely affect the
            financial position of DFCT, will exist at the closing of this
            Agreement.

      iv.   Ability to Carry out Obligation . DFCT has the right, power, and
            authority to enter into and perform its obligations under this
            Agreement. The execution and delivery of this Agreement by DFCT and
            the performance by DFCT of its obligations hereunder will not cause,
            constitute, or

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            conflict with or result in (a) any breach or violation or the
            provisions of, or constitute a default under any license, indenture,
            mortgage, charter, instrument, articles of incorporation, bylaw, or
            other agreement or instrument to which DFCT or its shareholders are
            a party, or by which they may be bound, nor will any consents or
            authorizations of any party other than those hereto be required, (b)
            any event that would cause DFCT to be liable to any party, or (c)
            any event that would result in the creation or imposition or any
            lien, charge or encumbrance on any assets of the DFCT.

      v.    Full Disclosure. None of the representations and warranties made by
            DFCT, or any certificate or memorandum furnished or to be furnished
            by DFCT, contains or will contain any untrue statement of a material
            fact, or omit any material fact the omission of which would be
            misleading.

      vi.   Compliance with the Laws. DFCT has complied with, and is not in
            violation of any federal, state or local statue, law, and/or
            regulation pertaining to DFCT. DFCT has complied with all federal,
            and state securities laws in connection with the issuance, sale and
            distribution of its securities.

      vii.  Litigation. DFCT is not (and has not been) a party to any suit,
            action, arbitration, or legal, administrative, or other proceeding,
            or pending governmental investigation which will cause a material
            and adverse impact on the business and financial position of DFCT.
            To the best of the knowledge of DFCT, there is no basis for any such
            action or proceeding and no such action or proceeding is threatened
            against DFCT and DFCT is not subject to or in default with respect
            to any order, writ, injunction, or decree of any federal, state,
            local, or foreign court, department, agency, or instrumentality.

      viii. Conduct of Business. Prior to the closing, DFCT shall conduct
            business in the normal course, and shall not (a) sell, pledge, or
            assign any assets, (b) save as agreed and/or to be agreed by the
            Software Shareholders, amend its article of incorporation or
            By-laws, (c) declare dividends, redeem or sell stock or other
            securities, (d) incur any liabilities which may cause material and
            adverse impact on the assets, business and financial position of
            DFCT, or (e) (f) enter into any other transaction which may cause
            material and adverse impact on the assets, business and financial
            position of DFCT.

      ix.   Corporate Documents. Copies of each of the following documents,
            which are true, complete and correct in all material respects, will
            be open for inspection by the Software Shareholders, during office
            hours at the principal business office of DFCT in China and attached
            hereto and made an integral part hereof to this Agreement:

            (1) Articles of Incorporation;

            (2) By-laws;

            (5) List of Officers and Directors;

            (6) Audited financial statements as at March 31, 2003; and

            (7) Stock register and stock records of DFCT and a current, accurate
                list of the DFCT's shareholders.

      x.    Documents. All minutes, consents or other documents pertaining to
            DFCT to be delivered at the closing shall be valid and in accordance
            with the laws of the British Virgin Islands.

      xi    Title. The Shares to be issued to the Software Shareholders will be,
            at the closing, free and clear of all liens, security interests,
            pledges, charges, claims, encumbrances and restrictions of any kind.
            None of such Shares are or will be subject to any voting trust or
            agreement. No person holds or has any right to receive any proxy or
            similar instrument with respect to such shares, except as provided
            for in this Agreement, DFCT is not a party to any agreement which
            offers or grants to

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            any person the right to purchase or acquire any of the securities to
            be issued to the Software Shareholders.

      xiii. Shareholder Meeting. The Merger and issue of new shares of common
            stock of DFCT shall be subject to the shareholder approval of DFCT
            to be made at a special general meeting of DFCT shareholders as to:

            (1)   Approve the acquisition of the entire registered and issued
                  share capital from the Software Shareholders, for the issue by
                  DFCT the New Shares;

            (2)   Approve a stock consolidation ("reverse stock split") pursuant
                  to which each shareholder of DFCT will be issued one new share
                  of common stock to replace each five shares of common stock
                  now outstanding.

3.    THE SOFTWARE SHAREHOLDERS represent and warrant to DFCT the following:

      i.    Organization. All actions taken by the Software Shareholders, the
            directors and shareholders of the Software Shareholders have been
            valid and in accordance with all laws.

      ii.   Counsel. Software Shareholders represent and warrant prior to the
            Closing, that they are represented by independent counsel or have
            had the opportunity to retain independent counsel to represent them
            in this transaction.

      iii.  Financial Statements. Software Shareholders represent and warrant
            that the financial statements as at December 31, 2003, audited by
            Deloitte Touche Tohmatsu, give a true and fair view of DiChain
            Software's affairs as at December 2003 and of its profit for the
            year then ended.

      iv.   Closing. Upon closing of this transaction, the Software Shareholder
            shall procure DiChain Software to complete registration works of the
            entire registered and issued share capital to be in the name of DFCT
            or a subsidiary company as DFCT may nominate.

4.    INVESTMENT INTENT. The Software Shareholders agree that the Shares being
      issued pursuant to this Agreement may be sold, pledged, assigned,
      hypothecated or otherwise transferred, with or without consideration
      (hereinafter called a "Transfer"), only pursuant to an effective
      registration statement under the 1933 Act, or pursuant to an exemption
      from registration under the 1933 Act, the availability of which is to be
      established to the satisfaction of DFCT.

5.    CLOSING. The closing of this transaction shall take place at the offices
      of DFCT at Units 3207-08, West Tower, Shun Tak Centre, Connaught Road
      Central, Hong Kong, upon receipt or exchange or confirmation by the
      relevant parties, as the case may be of the items referenced in Section 6,
      below. Closing date will be set for the latest, Wednesday, March 31, 2004
      at 5:00 p.m. (Hong Kong time). Unless otherwise mutually agreed by the
      parties hereto, if closing does not occur by 5:00 p.m. (Hong Kong time),
      Wednesday, March 31, 2004, then this agreement will become null and void.

6.    DOCUMENTATION TO BE DELIVERED AT CLOSING.

      i.    By the DFCT

            (1)   Completion of the Plan or Reorganization whereby the following
                  will be completed:

                  i)    Reverse Stock Spit 5 old shares to 1 new share

                  ii)   Name Change of DFCT

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            (2)   Board of Directors Minutes authorizing the issuance of a
                  certificate or certificates for total of 39,559,000 new post
                  reverse spit shares including consultants, registered in the
                  names of the Software Shareholders respectively.

            (3)   A Board of Directors resolution appointing such person as
                  DiChain Systems designate as a director of DFCT.

            (4)   Such other minutes of DFCT's shareholders or directors as may
                  reasonably be required by the Software Shareholders.

            (5)   Consents signed by DiChain Systems consenting to the terms of
                  this Agreement.

7.    REMEDIES.

      i.    Arbitration. Any controversy or claim arising out of, or relating
            to, this Agreement, or the making, performance, or interpretation
            thereof, shall be settled by arbitration in Hong Kong in accordance
            with the Rules of the Hong Kong Arbitration Association then
            existing, and judgment on the arbitration award may be entered in
            any court having jurisdiction over the subject matter of the
            controversy.

8.    MISCELLANEOUS.

      i.    Captions and Headings. The Article and paragraph headings throughout
            this Agreement are for convenience and reference only, and shall in
            no way be deemed to define, limit, or add to the meaning of any
            provision of this Agreement.

      ii.   No Oral Change. The Agreement and any provision hereof, may not be
            waived, changes, modified, or discharged orally, but only by
            agreement in writing signed by the party against whom enforcement of
            any waiver, change, modification, or discharge is sought.

      iii.  Non Waiver. Except as otherwise expressly provided herein, no waiver
            of any covenant, condition, or provision of this Agreement shall be
            deemed to have been made unless expressly in writing and signed by
            the party against whom such waiver is charged; and (i) the failure
            of any party to insist in any one or more cases upon the performance
            of any of the provisions, covenants, or conditions of this Agreement
            or to exercise any option herein contained shall not be construed as
            a waiver or relinquishment for the future of any such provisions,
            covenants, or conditions, (ii) the acceptance of performance of
            anything required by this Agreement to be performed with knowledge
            of the breach or failure of a covenant, condition or provision
            hereof shall not be deemed a waiver of such breach or failure, and
            (iii) no waiver by any party of one breach by another party shall be
            construed as a waiver with respect to any other or subsequent
            breach.

      iv.   Time of Essence. Time is of the essence of the Agreement and of each
            and every provision hereof.

      V.    Entire Agreement. This Agreement contains the entire agreement and
            understanding between the parties hereto, and supersedes all prior
            agreements and understandings.

      vi.   Counterparts. This Agreement may be executed simultaneously in one
            or more counterparts, each of which shall be deemed as original, but
            all of which together shall constitute one and the same instrument.

      vii.  Notices. All notices, requests, demands, and other communications
            under this Agreement shall be in writing and shall be deemed to have
            been duly given on the date of service if served personally

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            on the party to whom the notice is to be given, or the third day
            after mailing if mailed to the party to whom notice is to be given,
            by first class mail, registered or certified, postage prepaid, and
            properly address, and by fax, as follows:

AS WITNESS whereof this Agreement has been entered into the day and year first
before written.

SIGNED by Mr. Wei WANG, director              )
for and on behalf of                          )
DICHAIN SYSTEMS LIMITED                       )  (signed by Wei WANG)
                                              )
in the presence of:  (signed by Yang Li)      )

SIGNED by Mr. Li Xinggui, director            )
for and on behalf of                          )
FARSIGHT HOLDINGS LIMITED                     )  (signed by Li Xinggui)
                                              )
in the presence of:  (signed by Yang Li)      )

SIGNED by Ms. Chen Hui, director              )
for and on behalf of                          )
SQUADRAM LIMITED                              )  (signed by Chen Hui)
                                              )
in the presence of:  (signed by Yang Li)      )

SIGNED by Miss Fu Li, authorized person       )
for and on behalf of                          )
EARNEST INVESTMENTS SERVICES LIMITED          )  (signed by Fu Li)
                                              )
in the presence of:  (signed by Yang Li)      )

SIGNED by Mr. Aaron Zhu Xiaojun, director     )
for and on behalf of                          )
DF CHINA TECHNOLOGY INC.                      )  (signed by Aaron Zhu Xiaojun)
                                              )
in the presence of:  (signed by Yang Li)      )

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                                                                     EXHIBIT 4.7

STRICTLY PRIVATE AND CONFIDENTIAL

4 February 2004

DF China Technology Inc.
Unit 3207-08 West Tower
Shun Tak Centre
168-200 Connaught Road Central
Hong Kong
China

Attention: Mr. Aaron Zhu

Dear Sirs,

INTRODUCTION OF POTENTIAL INVESTORS TO DF CHINA TECHNOLOGY INC.

This letter serves as an agreement (the "Agreement") between Quam Securities
Company Limited ("Quam") and DF China Technology Inc. (the "Company") pursuant
to which the Company agrees to appoint Quam as the arranger, on a best effort
basis, to source potential investors in respect of a placing of new shares in
the capital of the Company (the "Proposed Transaction").

The countersigning of this letter of agreement by an authorized signatory of
Quam and the Company is intended to form legally binding obligations on the two
parties and shall constitute an acceptance by the Company of the terms and
conditions set out below:

1.    Background

      The securities of the Company are listed on NASDAQ in the US. The Company
      is now seeking a new equity funding of not exceeding US$5 million to
      finance its business development in future. The issue price per share is
      intended to be US$0.2 per share.

2.    Scope of Services to be provided

      Under this Agreement, Quam accepts the responsibilities of acting as the
      arranger to the Company in relation to the Proposed Transaction. The
      services to be provided by Quam as the arranger will include the
      following:

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      (i)   to seek potential investors for the Proposed Transaction on behalf
            of the Company; and

      (ii)  to liaise and co-ordinate between the management and the Company and
            potential investors as required; and

      (iii) to assist in the negotiations with potential investors.

3.    The Company's Responsibilities

      (i)   to obtain a valid board resolution of the Company authorizing the
            appointment of Quam as the arranger in respect of the Proposed
            Transaction; and

      (ii)  to provide Quam will all relevant information regarding the Company
            that Quam may reasonably require to properly perform its duties as
            set out herein provided that all such information has been publicly
            disclosed; and

      (iii) to assist Quam personnel in the performance of their duties in
            respect of the Proposed Transaction by providing full and frank
            disclosure of all matters that bay be relevant to the Proposed
            Transaction provided that all such information has been publicly
            disclosed.

4.    Commencement of Assignment

      Quam proposes to commence its duties and responsibilities upon acceptance
      and countersignature and return of this Agreement.

5.    Remuneration

      The fee payable to Quam in connection with the Proposed Transaction to be
      provided shall be HK$200,000. Such fee shall be payable upon completion of
      the Proposed Transaction and may be deducted by Quam from the proceeds for
      the Proposed Transaction if applicable.

6.    Expenses

      The Company shall reimburse Quam upon demand for all out of pocket
      expenses incurred by Quam in relation to the Proposed Transaction and
      undertake to indemnify Quam the full amount if Quam were to incur any US
      tax liabilities as a result for the provision of services to the Company
      in respect of the Proposed Transaction. Fees payable for other
      professional services engaged in relation to the Proposed Transaction and
      their related out of pocket expenses shall be paid by the Company. All
      commitments to any such expenses shall be discussed and agreed with the
      Company prior to

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      such expenses being incurred. All such expenses shall remain due and
      payable by the Company whether or not Quam continues to be the arranger
      for the Proposed Transaction.

7.    Indemnity

      The Company hereby indemnifies and holds Quam harmless from and against
      any and all losses, claims, damages or liabilities, incurred by Quam in
      relation with the aforementioned services provided to the Company, save to
      the extent that any such loss, claim, damage or liability arises as a
      direct result of the willful default or negligence of Quam.

8.    Confidentiality

      Save for the exception noted below, all information received concerning
      the Company shall be kept strictly private and confidential by Quam. Such
      information shall only be used in connection with the provision of
      aforementioned services to the Company and shall not be disclosed to any
      third parties and/or potential investors of the Company without the prior
      consent or approval of the Company.

9.    Termination Clause

      In accordance with market practice, Quam reserves the right to resign from
      this engagement by giving the Company 14 days' notice (taking account of
      the circumstances of the case) in writing if there arise any
      circumstances, including regulatory requirements both in Hong Kong and the
      United States of America, which in the opinion of Quam, makes it
      inadvisable for Quam to continue to act for the Company. Further, the
      Company has the right to cancel the engagement with Quam by giving 14
      days' notice. Quam accepts no liability whatsoever in relation to the
      termination of engagement as a result of this clause.

10.   Governing Law

      This Agreement shall be governed by and construed in accordance with the
      laws of Hong Kong Special Administrative Region of the People's Republic
      of China.

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11.   Duration of Agreement and Continuity

      The terms herein shall become effective upon signing of this letter by
      both parties hereto and shall continue and remain in force until 31 March
      2004, save that any outstanding fees payable to Quam shall remain payable
      thereafter.

Please confirm your acceptance of the terms and conditions are acceptable of
this Agreement by countersigning and returning the attached copy letter.

Yours faithfully,
For and on behalf of
QUAM SECURITIES COMPANY LIMITED

_________________________________
Authorized Signatory

Agreed and Confirmed by:
For and on behalf of
DF CHINA TECHNOLOGY INC.

______________________________
Authorized Signatory

Name:
Date:

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