Document:

THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE
OFFERED FOR SALE, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT. ANY SUCH DISPOSITION MAY ALSO BE SUBJECT
TO APPLICABLE STATE SECURITIES LAWS.

 

VOID AFTER 5:00 P.M., NEW YORK, NEW
YORK TIME, ON THE EXPIRATION DATE (AS DEFINED BELOW).

 

 

	Date of Issuance:  November 13, 2012	Number of Shares: 10,000,000

 

 

 

WARRANT TO PURCHASE

SHARES OF COMMON STOCK OF

DELTATHREE, INC. 

 

This certifies that,
for value received, D4 Holdings, LLC, a Delaware limited liability company, and its permitted assigns or successors in interest
(the “Holder”), is entitled to purchase from deltathree, Inc., a Delaware corporation (the “Company”),
subject to the terms and conditions hereof, at any time on or after the date of this Warrant and before 5:00 P.M., New York, New
York time on the date which is ten (10) years after the date hereof (the “Expiration Date”), that number of
fully paid and non-assessable shares of the Company’s common stock, par value $0.001 (the “Common Stock”),
as set forth in Section 2 hereof.

 

1.           Definitions.
As used in this Warrant, the following terms shall have the meanings set forth below:

 

(a)           “Exercise
Period” means the period beginning on the date of this Warrant and ending on the Expiration Date.

 

(b)           “Exercise
Price” means $0.02 per share (as the same may be adjusted from time to time pursuant to the terms of this Warrant).

 

(c)            “Fair
Market Value” means, on any particular date (a) if the Common Stock is then traded on a securities exchange, the average
of the closing prices of such Common Stock on such exchange over the five trading day period ending on such date, (b) if the Common
Stock is then regularly traded over-the-counter, the average of the closing sale prices or secondarily the closing bid of such
Common Stock over the five trading day period ending on such date, or (c) if there is no active public trading market for the Common
Stock, the fair market value of one share of the Warrant Shares as determined in good faith by the Board of Directors of the Company.

 

    	 

    	 

    
 

(d)           “Person”
(whether or not capitalized) means an individual, entity, partnership, limited liability company, corporation, association, trust,
joint venture, unincorporated organization or any other form of entity not specifically listed herein, and any government, governmental
department or agency or political subdivision thereof.

 

(e)           “Securities
Act” means the Securities Act of 1933, as amended, and all of the rules and regulations promulgated thereunder.

 

(f)           “Warrant”
means this Warrant and all stock purchase warrants issued in exchange therefor pursuant to the terms thereof.

 

(g)           “Warrant Shares”
means the shares of Common Stock issuable upon exercise of this Warrant.

 

		2.	Exercise of Warrant.

 

(a)           Number
of Shares Underlying Warrant. This Warrant shall be exercisable for up to 10,000,000 shares of Common Stock, as adjusted
from time to time pursuant to the terms of this Warrant.

 

(b)           Exercisability
of Warrant. This Warrant may be exercised by Holder, in whole or in part, in accordance with its terms, at any time or from
time to time beginning on the date hereof and ending at 5:00 p.m., New York City time, on the Expiration Date.

 

(c)           Exercise Procedure.

 

(i)           The
purchase rights represented by this Warrant may be exercised by the Holder, in whole or in part, by delivery of a notice of exercise
in the form set forth on the last page hereof (the “Exercise Notice”) at the principal office of the Company,
and by the payment to the Company of the aggregate Exercise Price (in accordance with the next sentence) in an amount equal to
the Exercise Price per share multiplied by the number of Warrant Shares then being purchased. The aggregate purchase price for
Warrant Shares being purchased hereunder pursuant to such exercise may be paid either (A) by cash or wire transfer of immediately
available funds, (B) by cancellation of indebtedness, (C) by surrender of a number of Warrant Shares which have a Fair Market Value
equal to the aggregate purchase price of the Warrant Shares being purchased (“Net Issuance”) as determined herein,
or (D) any combination of the foregoing. If the Holder elects the Net Issuance method of payment, the Company shall issue to Holder
upon exercise a number of shares of Warrant Shares determined in accordance with the following formula:

 

X  = Y(A-B)

       A

 

where:    X =           the number of Warrant Shares to be
issued to the Holder;

 

 

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Y =          the number of Warrant Shares
with respect to which the Holder is exercising its purchase rights under this Warrant;

 

A =           the Fair Market Value of
one (1) share of the Warrant Shares on the date immediately preceding the date of exercise; and

 

B =           the Exercise Price.

 

(ii)           No
fractional shares arising out of the above formula for determining the number of shares to be issued to the Holder shall be issued,
and the Company shall, in lieu thereof, make payment to the Holder of cash in the amount of such fraction multiplied by the Fair
Market Value of one (1) share of the Warrant Shares on the date of exercise.

 

(iii)           In
the event of any exercise of the rights represented by this Warrant, certificates for the Warrant Shares so purchased shall be
delivered to the Holder as soon as practicable and, unless this Warrant has been fully exercised or has expired, a new Warrant
representing the portion of the Warrant Shares, if any, with respect to which this Warrant shall not then have been exercised shall
also be issued to the Holder as soon as practicable. Such exercise shall be deemed to have been made immediately prior to the close
of business on the date the Holder delivers the Exercise Notice with respect to such exercise.

 

3.           Reservation of Warrant
Shares; Stock Fully Paid. During the Exercise Period, the Company shall reserve and keep available for issuance upon the
exercise of the Warrant such number of its authorized but unissued shares of Common Stock as will be sufficient to permit the exercise
in full of all outstanding Warrants. The Warrant Shares, upon issuance in accordance with the terms of this Warrant, will be validly
issued, fully paid and nonassessable, and free from all taxes, liens and charges with respect to the issuance thereof.

 

4.           No Voting Rights; Limitations of Liability.
This Warrant will not entitle the Holder to any voting rights or other rights as a shareholder of the Company. No provision of
this Warrant, in the absence of affirmative action by the Holder to purchase Warrant Shares, and no enumeration in this Warrant
of the rights or privileges of the Holder, will give rise to any liability of such Holder as a stockholder of the Company.

 

		5.	Representations of Holder; Restrictions on Transfer.

 

(a)           The
Holder certifies and represents to the Company that it is an “accredited investor” as defined in Rule 501 of Regulation
D promulgated under the Securities Act. The Holder’s financial condition is such that it is able to bear the risk of holding
the Securities for an indefinite period of time and the risk of loss of its entire investment. The Holder has sufficient knowledge
and experience in investing in companies similar to the Company so as to be able to evaluate the risks and merits of its investment
in the Company. The Holder is acquiring the Securities for its own account for investment and not for resale or with a view to
distribution thereof in violation of the Securities Act. The Holder understands that the Securities have not been registered under
the Securities Act, by reason of their issuance by the Company in a transaction exempt from the registration requirements of the
Securities Act, and that the Securities must continue to be held by the Holder unless a subsequent disposition thereof is registered
under the Securities Act or is exempt from such registration.

 

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(b)           The
Holder agrees that the Holder will not transfer, sell or otherwise dispose of this Warrant without the express consent of the Company
in its reasonable discretion. Notwithstanding the foregoing, the Holder may transfer all or any portion of this Warrant to an affiliate
(as such term is defined in Rule 405 promulgated under the Securities Act) of the Holder.

 

(c)           The
Holder agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares
issued upon its exercise except under circumstances which will not result in a violation of the Securities Act. Upon exercise of
this Warrant, the Holder shall confirm in writing, by executing the form attached hereto, that the securities purchased thereby
are being acquired for investment solely for the Holder’s own account and not as a nominee for any other person, and not
with a view toward distribution or resale.

 

(d)           The
certificates representing the Warrant Shares shall have affixed thereto a legend in substantially the following form, in addition
to other legends required by applicable state law:

 

THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAW,
AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF UNLESS THE SAME ARE REGISTERED AND QUALIFIED IN ACCORDANCE WITH THE ACT
AND ANY APPLICABLE STATE SECURITIES LAWS, OR IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER SUCH REGISTRATION
IS NOT REQUIRED UNDER THE ACT.

 

(e)           With
respect to any offer, sale or other disposition of this Warrant or any Warrant Shares, the Holder agrees to give written notice
to the Company prior thereto, describing briefly the manner thereof together with a written opinion of the Holder’s counsel,
if reasonably requested by the Company, to the effect that such offer, sale or other disposition of this Warrant or such Warrant
Shares may be effected without registration under the Securities Act or qualification under any applicable state securities laws,
and indicating whether or not under the Securities Act certificates for this Warrant or such Warrant Shares, as the case may be,
to be sold or otherwise disposed of require any restrictive legend as to applicable restrictions on transferability in order to
insure compliance with the Securities Act. If the Company shall consent to the transfer of this Warrant or such Warrant Shares,
then each certificate representing this Warrant or the Warrant Shares thus transferred (except a transfer pursuant to Rule 144)
shall bear a legend as to the applicable restrictions on transferability in order to insure compliance with the Securities Act,
unless in the aforesaid reasonably satisfactory opinion of counsel for the Holder or the security holder, as the case may be, such
legend is not necessary in order to insure compliance with the Securities Act. The Company may issue stop transfer instructions
to its transfer agent in connection with such restrictions.

 

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		6.	Miscellaneous.

 

(a)           Amendment and Waiver.
Except as otherwise provided herein, the provisions of this Warrant may be amended only if the Company has obtained the prior written
consent of the Holder.

 

(b)           Notices.
Any notices required to be sent to the Holder will be delivered to the address set forth below. Any notices required to be sent
to the Company will be delivered to the principal office of the Company as set forth on the signature page hereto. Any party may
change the address to which correspondence to it is to be addressed by written notification as provided herein. All notices required
or permitted hereunder, to be effective, shall be in writing and shall be deemed effectively given: (i) when sent by confirmed
facsimile if sent during normal business hours of the recipient, if not, then on the next business day, (ii) five (5) days after
having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iii) one (1) business day after
deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt.

 

If
to the Holder, to:

 

D4
Holdings, LLC

349-L
Copperfield Blvd, #407

Concord,
NC 28025

Attention:Robert
Stevanovski, Manager

Facsimile:704.260.3304

 

With
a copy to (which shall not constitute notice):

 

D4
Holdings, LLC

349-L
Copperfield Blvd, #407

Concord,
NC 28025

Attention:General
Counsel

Facsimile:704.260.3304

 

(c)           Descriptive Headings;
Pronouns. The descriptive headings of the paragraphs of this Warrant are inserted for convenience only and do not constitute
a part of this Warrant. All pronouns or any variation thereof shall be deemed to refer to the masculine, feminine or neuter, singular
or plural, as the identity of the person, persons, entity or entities may require.

 

(d)           Governing Law.
This Warrant shall be governed by and construed in accordance with the internal and substantive laws of the State of Delaware and
without regard to any conflicts of laws concepts which would apply the substantive law of some other jurisdiction.

 

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(e)           Successors
and Assigns. Subject to Section 5, the provisions of this Warrant shall be binding upon, and inure to the benefit of, the respective
successors and assigns of the parties hereto.

 

(f)           Severability.
In the event that any one or more of the provisions of this Warrant shall for any reason be held to be invalid, illegal or unenforceable,
in whole or in part or in any respect, or in the event that any one or more of the provisions of this Warrant operate or would
prospectively operate to invalidate this Warrant, then and in any such event, such provision(s) only shall be deemed null and void
and shall not affect any other provision of this Warrant and the remaining provisions of this Warrant shall remain operative and
in full force and effect and in no way shall be affected, prejudiced, or disturbed thereby.

 

(g)           Waiver
of Jury Trial. EACH OF THE COMPANY AND THE HOLDER WAIVES ALL RIGHTS TO TRIAL BY JURY OF ANY SUITS, CLAIMS, COUNTERCLAIMS, AND
ACTIONS OF ANY KIND ARISING UNDER OR RELATING TO THIS AGREEMENT. EACH OF THE COMPANY AND THE HOLDER ACKNOWLEDGES THAT THIS IS A
WAIVER OF A LEGAL RIGHT AND REPRESENTS TO THE OTHER THAT THIS WAIVER IS MADE KNOWINGLY AND VOLUNTARILY. THE COMPANY AND THE HOLDER
EACH AGREE THAT ALL SUCH SUITS, CLAIMS, COUNTERCLAIMS, AND ACTIONS SHALL BE TRIED BEFORE A JUDGE OF A COURT OF COMPETENT JURISDICTION,
WITHOUT A JURY.

 

(h)           Adjustments.

 

(i)           If at
any time after the date hereof there is any change in the outstanding shares of capital stock of the Company by reason of stock
dividends, splits, recapitalizations, reclassifications, combinations or exchanges of shares, separations, reorganizations, liquidations,
or the like, the number and class of shares available under this Warrant in the aggregate and the Exercise Price, as applicable,
shall be correspondingly adjusted to give the Holder, on exercise for the same aggregate Exercise Price, the total number, class,
and kind of shares as the Holder would have owned had the Warrant been exercised prior to the event and had the Holder continued
to hold such shares until after the event requiring adjustment. The form of this Warrant need not be changed because of any adjustment
in the number of Warrant Shares subject to this Warrant.

 

(ii)           In
case of any reclassification or change of outstanding securities of the class and series issuable upon exercise of this Warrant
(other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision
or combination), or in case of any consolidation or merger of the Company with or into a continuing corporation (other than a merger
with another corporation in which the Company is a continuing corporation and which does not result in any reclassification or
change of outstanding securities issuable upon exercise of this Warrant), or in case of a sale of all or substantially all of the
assets of the Company, unless this Warrant shall have been exercised or terminated in accordance with its terms, the Company, or
such successor or purchasing corporation, shall execute a new Warrant, which provides that the Holder shall have the right to exercise
such new Warrant and procure upon such exercise in lieu of each Warrant Share theretofore issuable upon exercise of this Warrant
the kind and amount of shares of stock, other securities, money and property receivable upon such reclassification, change, merger
or transfer by a holder of one share of the type of security issuable upon exercise of this Warrant. Such new Warrant shall provide
for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 6(h).
The provisions of this Section 6(h)(ii) shall similarly apply to successive reclassifications, changes, mergers or transfers.

 

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(iii)           If
at any time after the date hereof any change occurs in the outstanding capital stock of the Company or any other event occurs as
to which the other provisions of this Section 6(h) are not strictly applicable or if strictly applicable would not fairly protect
the purchase rights of the Holder in accordance with such provisions, then the independent members of the Board of Directors of
the Company shall, in their reasonable good faith judgment, make an adjustment in the number and class of shares available under
the Warrant, the Exercise Price or the application of such provisions, as applicable, so as to protect such purchase rights as
aforesaid. The adjustment shall be such as to give the Holder upon exercise for the same aggregate Exercise Price the total number,
class and kind of shares as the Holder would have owned had this Warrant been exercised prior to the event and had the Holder continued
to hold such shares until after the event requiring adjustment.

 

(iv)           Whenever
the Exercise Price shall be adjusted pursuant to this Section 6(h), the Company shall issue a certificate signed by its chief financial
officer or other executive officer setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment,
the method by which such adjustment was calculated, and the Exercise Price (and, if applicable, the number and type of security
for which the Warrant may be exercised) after giving effect to such adjustment, and shall cause copies of such certificate to be
mailed (by first class mail, postage prepaid) to the Holder.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, each of the parties
has caused this Warrant to be executed by its duly authorized officer as of the date first written above.

 

	 	COMPANY:	 
	 	 	 	 
	 	DELTATHREE, INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Effi Baruch	 
	 	Name:	Effi Baruch	 
	 	Title:	Chief Executive Officer and President	 
	 	 	 	 
	 	Address:	 
	 	 	 	 
	 	Jerusalem Technology Park –
Bldg. #9	 
	 	P.O. Box 48265	 
		Jerusalem 91481, Israel	 
	 	Attention:Chief Executive Officer	 
	 	Facsimile:011.972.2.649.1200	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	HOLDER: 	 
	 	 	 
	 	D4 HOLDINGS, LLC	 
	 	 	 	 
	 	 	 	 
	 	By:	Praescient, LLC, its Manager	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Robert Stevanovski	 
	 	Name:	Robert Stevanovski	 
	 	Title:	Manager	 

  

    	 

    	 

    
 

NOTICE OF EXERCISE

 

		TO:	DELTATHREE, INC.

 

1.           The undersigned
hereby elects to purchase __________ shares of common stock, par value $0.001 (the “Common Stock”), of deltathree,
Inc. (the “Company”) pursuant to the terms of that certain Warrant issued by the Company to D4 Holdings, LLC
as of October __, 2012, and tenders herewith payment of the purchase price of such shares in full, together with all applicable
transfer taxes, if any, in accordance with the election set forth in paragraph 2 below.

 

2.           Manner of Exercise.
The undersigned Holder elects to exercise the Warrant for such shares of Common Stock in the following manner:

 

		 ̈	Cash Exercise. The undersigned tenders herewith payment of the aggregate Exercise Price
for the Common Stock in the form of cash or wire transfer of immediately available funds.

 

		 ̈	Cancellation of Indebtedness. The undersigned tenders payment of the aggregate Exercise
Price for the Common Stock by cancelling $____________ of outstanding indebtedness owed by the Company to Holder, which cancellation
shall be deemed effective simultaneously with the delivery of this Notice;

 

		 ̈	Cashless or “Net Issuance” Exercise. The undersigned hereby elects to exercise
this Warrant by means of a Net Issuance exercise pursuant to the provision of Section 2(c)(i) of the Warrant.

 

3.           Please issue
a certificate or certificates representing said securities in the name of the undersigned or in such other name as is specified
below:

 

________________________________

(Name)

________________________________

 

________________________________

(Address)

 

4.The undersigned
represents that the aforesaid shares of Common Stock are being acquired for the account of the undersigned for investment and not
with a view to, or for resale in connection with, the distribution thereof, and that the undersigned has no present intention of
distributing or reselling such shares in violation of applicable securities laws.

 

 

	 	 			 
	 	 		(Signature)	 
	 	 	 	 	 
	(Date)Exhibit 10.1

 

SHARE EXCHANGE AGREEMENT

 

THIS SHARE EXCHANGE
AGREEMENT (this "Agreement") is entered into as of this September 10, 2012, by and between Zili Industrial Co.,
Limited, a British Virgin Islands Company residing at Palm Grove House P.O. Box 438, Road Town, Tortola, British Virgin Islands
("Zili"), Snow Hill Developments Limited, a British Virgin Island Company residing at P.O. Box 957, Offshore Incorporations
Centre, Road Town, Tortola, British Virgin Islands ("Snow Hill"), Titanium Group Ltd., a British Virgin Islands
Company residing at P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands (“Titanium”),
and Cancare Investment Limited, a Hong Kong incorporated company residing at Room 2101, 178 Huamao Century Square, Gloucester
Road, Wanchai (“Cancare Investment”).

 

PRELIMINARY STATEMENT

 

WHEREAS, Cancare Investment
Limited (“Cancare Investment”) is a limited liability company incorporated in Hong Kong Special Administrative District
residing at Room 2101, 178 Huamao Century Square, Gloucester Road, Wanchai;

 

WHEREAS, Titanium Group
Ltd. (“Titanium”) is a British Virgin Islands company residing at P.O. Box 957, Offshore Incorporations Centre, Road
Town, Tortola, British Virgin Islands;

 

WHEREAS, Snow Hill
owns 2,500,000 shares of common stock, $0.1 par value, representing in the aggregate of 20% of the issued and outstanding capital
stock of Cancare Investment (the “Cancare Shares”);

 

WHEREAS, Zili owns
38,700,000 shares of common stock, $0.01 par value, representing in the aggregate of 38.7% of the issued and outstanding capital
stock of Titanium (the “Titanium Shares”);

 

WHEREAS, Zili desires
to sell to Snow Hill 20,000,000 restricted shares of the common stock, $0.01 par value, representing in aggregate of 20% of the
total issued and outstanding shares of Titanium owned by Zili in Titaniym (the “Titanium Exchange Shares”) in exchange
(the “Exchange”) for 2,500,000 shares of Cancare Investment, representing in aggregate 20% of the total issued and
outstanding equity securities of Cancare Investment owned by Snow Hill in Cancare Investment (the “Cancare Exchange Shares”)
for on the terms and subject to the conditions set forth in this Agreement.

 

NOW THEREFORE, in consideration
of the foregoing and the mutual promises contained herein, the parties agree as follows:

 

		1.	THE EXCHANGE.

 

1.01. The closing
of the transaction contemplated by this Agreement (the “Closing” or “Closing Date”) shall occur on September
10, 2012 at a mutually agreeable time and place.

 

1.02. On the terms
and subject to the conditions set forth in this Agreement, on the Closing Date, Zili shall assign, transfer and deliver, free and
clear of all liens, pledges, encumbrances, charges, restrictions or known claims of any kind, nature, or description, the Titanium
Exchange Shares owned by Zili to Snow Hill, representing in the aggregate 20% of the issued and outstanding shares of capital stock
of Titanium.

 

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1.03. In consideration
of the transfer of the Titanium Exchange Shares to Snow Hill by Zili, Snow Hill shall transfer to Zili the Cancare Exchange Shares,
representing in the aggregate 20% of the issued and outstanding shares of common stock of Cancare Investment.

 

1.04. At the Closing
Date, Zili shall, on surrender of its certificate or certificates representing the Titanium Exchange Shares owned by Zili to Snow
Hill or its registrar or transfer agent, be entitled to receive the Cancare Exchange Shares. Snow Hill shall, on surrender of its
certificate or certificates representing the Cancare Exchange Shares owned by Snow Hill to Zili or its registrar or transfer agent,
be entitled to receive the Titanium Exchange Shares.

 

		2.	REPRESENTATIONS, COVENANTS AND WARRANTIES OF ZILI 

 

Zili hereby represents and warrants to Snow Hill as
follows:

 

2.01 Incorporation. Zili
is duly formed or organized, validly existing and in good standing under the laws of British Virgin Islands and has the requisite
power and authority to own, lease and operate its assets and properties and to carry on its business as it is now being or currently
to be conducted.  

 

2.02 Ownership
of Stock. The Titanium Exchange Shares represent 20% of the issued and outstanding capital stock of Titanium. Zili is the
record and beneficial owner, and has good and marketable title to, all of the Titanium Exchange Shares.  Zili has the
right and authority to sell and deliver its Titanium Exchange Shares, free and clear of all liens, claims, charges, encumbrances,
pledges, mortgages, security interests, options, rights to acquire, proxies, voting trusts or similar agreements, restrictions
on transfer or adverse claims of any nature whatsoever, other than restrictions on transferability under federal and state securities
laws. Upon delivery of any certificate or certificates duly assigned, representing the Titanium Exchange Shares as herein contemplated
and/or upon registering of Snow Hill as the new owner of the Titanium Exchange Shares in the share register of Titanium, Snow Hill
will receive good title to the Titanium Exchange Shares owned by Zili and Snow Hill shall become a 100% owner of the Titanium Exchange
Shares.

 

2.03 Authority;
Enforceability. Zili has the legal power, capacity and authority to execute and deliver this Agreement to consummate the
transactions contemplated by this Agreement, and to perform its obligations under this Agreement. Zili has obtained any and all
necessary consents, authorizations, orders or approvals for the transfer of the Titanium Exchange Shares to Snow Hill.

 

2.04 No Violations. Neither
the execution or delivery of this Agreement nor the performance of its obligations hereunder conflict with or result in a breach
of or constitute a default under or will result in the creation of or an imposition of a lien upon any of the properties or assets
of Zili or any agreement to which Zili may be a party or by which its property or assets may be subject.

 

2.05 Valid Obligation. This
Agreement executed by Zili in connection herewith constitute the valid and binding obligation of Zili, enforceable in accordance
with its or their terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement
of creditors’ rights generally and subject to the qualification that the availability of equitable remedies is subject to
the discretion of the court before which any proceeding therefore may be brought.

 

2.06 Acquisition
of Shares. Zili is not a “U.S. Person” as defined in Rule 902(k) of Regulation S of the Securities Act (“Regulation
S”) and the Titanium Exchange Shares are not registered under the Securities Act and that the transfer thereof to Snow Hill
is exempt from registration under the Securities Act pursuant to Regulation S.  Zili has no intention of becoming a U.S. Person.  At
the time of the origination of contact concerning this Agreement and the date of the execution and delivery of this Agreement,
Zili was outside of the United States.

 

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2.07 Board Approval. The
Board of Directors of Zili has authorized the execution and delivery of this Agreement by Zili and has approved this Agreement
and transactions contemplated hereby.

 

2.08. Resale Restrictions.
None of the Titanium Exchange Shares have been registered under the Securities Act, or under any state securities or “blue
sky” laws of any state of the United States, and, unless so registered, none of the Titanium Exchange Shares may be offered
or sold by Zili except pursuant to an effective registration statement under the Securities Act, or pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the Securities Act and in each case only in accordance with
applicable state securities laws.

 

2.09. Original Acquisition. 
The Titanium Exchange Shares represented by Zili’s Original Certificate were originally acquired from Titanium, and fully
paid for by Zili for its own account and not with a view to, or for sale in connection with, any distribution, resale or public
offering of such Shares or any part thereof in violation of the Securities Act of 1933, as amended (the “Securities Act”). 

 

2.10. No Registration. 
The sale of the Titanium Exchange Shares contemplated by this Agreement is exempt from the registration requirements of Section
5 of the Securities Act under the rules, regulations and interpretations of the Securities Act.

 

2.11. No General Solicitation. 
Zili is not selling the Shares as a result of any advertisement, article, notice or other communication regarding the Shares published
in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or any other general
solicitation or general advertisement.

 

		3.	REPRESENTATIONS, COVENANTS AND WARRANTIES OF SNOW HILL

 

Snow Hill hereby represents and warrants to Zili as
follows:

 

3.01 Incorporation. Snow Hill
is duly formed or organized, validly existing and in good standing under the laws of British Virgin Islands and has the requisite
power and authority to own, lease and operate its assets and properties and to carry on its business as it is now being or currently
to be conducted.  

 

3.02 Ownership
of Stock. The Cancare Exchange Shares represent 20% of the issued and outstanding capital stock of Cancare Investment. Snow
Hill is the record and beneficial owner and has good and marketable title to all of the Cancare Exchange Shares.  Snow
Hill has the right and authority to sell and deliver its Cancare Exchange Shares, free and clear of all liens, claims, charges,
encumbrances, pledges, mortgages, security interests, options, rights to acquire, proxies, voting trusts or similar agreements,
restrictions on transfer or adverse claims of any nature whatsoever. Upon delivery of any certificate or certificates duly assigned,
representing the Cancare Exchange Shares as herein contemplated and/or upon registering of Zili as the new owner of the Cancare
Exchange Shares in the share register of Cancare Investment, Zili will receive good title to the Cancare Exchange Shares owned
by Snow Hill and Zili shall become a 100% owner of the Cancare Exchange Shares.

 

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3.03 Authority.
Enforceability. Snow Hill has the legal power, capacity and authority to execute and deliver this Agreement to consummate
the transactions contemplated by this Agreement, and to perform its obligations under this Agreement. Snow Hill has obtained any
and all necessary consents, authorizations, orders or approvals for the transfer of the Cancare Exchange Shares to Zili.

 

3.04 No Violation. Neither
the execution or delivery of this Agreement nor the performance of its obligations hereunder conflict with or result in a breach
of or constitute a default under or will result in the creation of or an imposition of a lien upon any of the properties or assets
of Snow Hill or any agreement to which Snow Hill may be a party or by which its property or assets may be subject.

 

3.05 Valid Obligation. This
Agreement executed by Snow Hill in connection herewith constitute the valid and binding obligation of Snow Hill, enforceable in
accordance with its or their terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting
the enforcement of creditors’ rights generally and subject to the qualification that the availability of equitable remedies
is subject to the discretion of the court before which any proceeding therefore may be brought.

 

3.06 Resale Restrictions. Snow
Hill understands that the Titanium Shares have not been registered under the Securities Act of 1933 (the "1933 Act")
or the laws of any state, that the sale of the Titanium Shares to Snow Hill is being undertaken in reliance upon an exemption from
the registration requirements of the 1933 Act, and reliance upon such exemption is based upon Zili's representations, warranties
and agreements contained in this Agreement, and that the certificates evidencing the Shares will be endorsed with a restrictive
legend.

 

3.07  Acquisition
of Titanium Exchange Shares:

 

		(a)	Snow Hill is aware that the purchase of the Titanium Shares is speculative and involves a high
degree of risk. Snow Hill is aware that there is no guarantee that Snow Hill will realize any gain from his acquisition of the
Shares.

 

		(b)	Snow Hill is financially able to bear the economic risk of an investment in the Shares, and has
knowledge and experience in evaluating the merits and risks of a financial investment. 

 

3.08 Purchase
Entirely for Own Account. Snow Hill: (i) is acquiring the Shares solely for Snow Hill's own account for investment purposes
only and not with a view toward resale or distribution thereof, in whole or in part; (ii) has no contract, undertaking, agreement
or other arrangement, in existence or contemplated, to sell, pledge, assign or otherwise transfer the Shares to any other person;
and (iii) agrees not to sell or otherwise transfer the Shares unless and until they are registered under the 1933 Act and any applicable
state securities laws, or unless an exemption from any such requirement is available.

 

3.09 Legal Counsel. Snow
Hill has been advised that he should consult with counsel of his choice concerning this matter, and he has had an opportunity to
do so, but nevertheless has elected to waive that right.

 

3.10 Non U.S.
Person. Snow Hill is not a “U.S. Person” as defined in Rule 902(k) of Regulation S of the Securities Act (“Regulation
S”) and understands that the Titanium Shares are not registered under the Securities Act and that the transfer thereof from
Zili is exempt from registration under the Securities Act pursuant to Regulation S.  Snow Hill has no intention of becoming
a U.S. Person.  At the time of the origination of contact concerning this Agreement and the date of the execution and
delivery of this Agreement, Snow Hill was outside of the United States.

 

    	4

    	 

    
 

3.11 Board Approval. The
Board of Directors of Snow Hill has authorized the execution and delivery of this Agreement by Snow Hill and has approved this
Agreement and transactions contemplated hereby.

 

		4.	REPRESENTATIONS, COVENANTS AND WARRANTIES OF TITANIUM 

 

4.01 Incorporation. Titanium
is duly formed or organized, validly existing and in good standing under the laws of British Virgin Islands and has the requisite
power and authority to own, lease and operate its assets and properties and to carry on its business as it is now being or currently
to be conducted.  

 

4.02 Capitalization. The
authorized shares of Titanium consist of 100,000,000 ordinary shares, $0.01 par value.  There are 100,000,000 Titanium
Shares currently issued and outstanding.  The issued and outstanding shares of Titanium are validly issued, fully paid,
and non-assessable and not issued in violation of the preemptive or other rights of any person.

 

4.03 Board Approval. The
Board of Directors of Titanium has authorized the execution and delivery of this Agreement by Titanium and has approved this Agreement
and transactions contemplated hereby.

 

4.04 Authority.
Enforceability. Titanium has the legal power, capacity and authority to execute and deliver this Agreement to consummate
the transactions contemplated by this Agreement, and to perform its obligations under this Agreement. Titanium has obtained any
and all necessary consents, authorizations, orders or approvals for the transfer of the Titanium Exchange Shares to Snow Hill.

 

4.05 No Violation. Neither
the execution or delivery of this Agreement nor the performance of its obligations hereunder conflict with or result in a breach
of or constitute a default under or will result in the creation of or an imposition of a lien upon any of the properties or assets
of Titanium or any agreement to which Titanium may be a party or by which its property or assets may be subject.

 

4.06 Valid Obligation. This
Agreement executed by Titanium in connection herewith constitute the valid and binding obligation of Titanium, enforceable in accordance
with its or their terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement
of creditors’ rights generally and subject to the qualification that the availability of equitable remedies is subject to
the discretion of the court before which any proceeding therefore may be brought.

 

		5.	REPRESENTATIONS, COVENANTS AND WARRANTIES OF CANCARE INVESTMENT 

 

5.01 Incorporation. Cancare
Investment is duly formed or organized, validly existing and in good standing under the laws of Hong Kong and has the requisite
power and authority to own, lease and operate its assets and properties and to carry on its business as it is now being or currently
to be conducted.  

 

5.02 Capitalization. The
authorized shares of Cancare Investment consist of 12,500,000 ordinary shares, $0.1 par value.  There are 12,500,000
Cancare Shares currently issued and outstanding.  The issued and outstanding shares of Cancare Shares are validly issued,
fully paid, and non-assessable and not issued in violation of the preemptive or other rights of any person.

 

    	5

    	 

    
 

5.03 Board Approval. The
Board of Directors of Cancare Investment has authorized the execution and delivery of this Agreement by Cancare Investment and
has approved this Agreement and transactions contemplated hereby.

 

5.04 Authority.
Enforceability. Cancare Investment has the legal power, capacity and authority to execute and deliver this Agreement to
consummate the transactions contemplated by this Agreement, and to perform its obligations under this Agreement. Cancare Investment
has obtained any and all necessary consents, authorizations, orders or approvals for the transfer of the Cancare Exchange Shares
to Zili.

 

5.05 No Violation. Neither
the execution or delivery of this Agreement nor the performance of its obligations hereunder conflict with or result in a breach
of or constitute a default under or will result in the creation of or an imposition of a lien upon any of the properties or assets
of Titanium or any agreement to which Cancare Investment may be a party or by which its property or assets may be subject.

 

		6.	OTHER AGREEMENTS AND COVENANTS 

 

6.01. Zili acknowledges
and agrees that each certificate representing the Titanium Exchange Shares shall be endorsed with the following legends, in addition
to any other legend required to be placed thereon by applicable federal or state securities laws:

 

“THE SECURITIES ARE BEING OFFERED
TO INVESTORS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“SECURITIES
ACT”)) AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT IN RELIANCE
UPON REGULATION S PROMULGATED UNDER THE SECURITIES ACT.”

 

“TRANSFER OF THESE SECURITIES IS
PROHIBITED, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT
TO AVAILABLE EXEMPTION FROM REGISTRATION.  HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES
ACT.”

 

6.02. Zili and Snow
Hill agree to cooperate with each other in order to obtain any required third party consents to this Agreement and the transactions
herein contemplated.

 

		7.	MISCELLANEOUS 

 

7.01 This Agreement
represents the entire agreement between the parties hereto with respect to the transactions contemplated hereby and supersedes
all prior agreements with respect thereto, whether written or oral.

 

7.02 This Agreement
shall be governed by and construed in accordance with the laws of the State of New York, without regard, however, to such jurisdiction's
principles of conflict of laws.

 

7.03 This Agreement
may be executed in counterparts, each of which shall be an original, but all of which shall constitute but one Agreement.

 

7.04 At any time
prior to the Closing Date, this Agreement may by amended by a writing signed by all parties hereto, with respect to any of the
terms contained herein, and any term or condition of this Agreement may be waived or the time for performance may be extended by
a writing signed by the party or parties for whose benefit the provision is intended.

 

    	6

    	 

    
 

IN WITNESS WHEREOF,
the parties have executed this agreement as of the date of first written above.

 

 

	 	ZILI INDUSTRIAL CO., LIMITED
	 	 
	 	 
	 	By: 	/s/ Zhigang XU
	 	 	Name:
Title:
Date:	XU Zhigang
Chairman of Board
09/10/2012

 

	 	TITANIUM GROUP LIMITED
	 	 
	 	 
	 	By: 	/s/ Huaming LAI
	 	 	Name:
Title:
Date:	LAI Huaming
CEO and Chairman of Board
09/10/2012

 

	 	SNOW HILL DEVELOPMENTS
LIMITED
	 	 
	 	 
	 	By: 	/s/ Baiqian YANG
	 	 	Name:
Title:
Date:	YANG Baiqian
 
09/10/2012

 

	 	CANCARE INVESTMENT LIMITED
	 	 
	 	 
	 	By: 	/s/ Jialong WEN
	 	 	Name:
Title:
Date:	WEN Jialong
CEO and President
09/10/2012

 

    	7

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