Document:

Unassociated Document

    
      AMENDMENT

    

     

    This
      AMENDMENT (this “Amendment”),
      dated
      effective as of June 22, 2006, is entered into by and between GVI SECURITY
      SOLUTIONS, INC., a Delaware corporation (the “Company”), and
      LAURUS MASTER FUND, LTD., a Cayman Islands company (“Laurus”),
      for
      the purpose of amending the terms of that certain Term Note, dated as of May
      27,
      2004 in the original principal amount of $5,000,000 issued by the Company to
      Laurus (as amended, modified and/or supplemented from time to time, the
“Term
      Note”).
      The
      Note, the Securities Purchase Agreement together with the Related Agreements
      (as
      defined in the Securities Purchase Agreement) are referred to herein as the
      “Loan
      Documents”.
      Capitalized terms used herein without definition shall have the meanings
      ascribed to such terms in the Securities Purchase Agreement.

     

    WHEREAS,
      the Company and Laurus have agreed to make certain changes to the Loan Documents
      as set forth herein; and

     

    NOW,
      THEREFORE, in consideration of the above, and for other good and valuable
      consideration, the receipt and sufficiency of which is hereby acknowledged,
      the
      parties hereto agree as follows:

    

    1.  Amendment
      to Secured Convertible Term Note.
      (a)
      Section 2.1(a) of the Note is hereby amended by deleting the last sentence
      appearing therein in its entirety and inserting the following new sentence
      in
      lieu thereof:

    

    “For
      purposes hereof, the initial “Fixed
      Conversion Price”
means
      $1.91; provided, however, that in respect of the first Three Hundred Thousand
      Dollars ($300,000) of aggregate principal amount (the “Post-June
      2006 Converted Amount”)
      of the
      Note converted into shares of Common Stock on and after June 22, 2006, the
      Fixed
      Conversion Price in respect of such Post-June 2006 Converted Amount (and the
      interest and fees associated therewith to the extent converted) shall be equal
      to $0.15.”

    

    (b)
      The
      following new Section 5.10 is hereby inserted into the Note immediately
      following existing Section 5.09 of the Note:

    

    “Section
      5.10 Registered
      Obligation.
      This
      Note is intended to be a registered obligation within the meaning of Treasury
      Regulation Section 1.871-14(c)(1)(i) and the Note shall be registered as to
      both
      principal and any stated interest with the Borrower. Notwithstanding any
      document, instrument or agreement relating to this Note to the contrary,
      transfer of this Note (or the right to any payments of principal or stated
      interest thereunder) may only be effected by (i) surrender of this Note and
      either the reissuance by the Borrower of this Note to the new holder or the
      issuance by the Borrower of a new instrument to the new holder, or (ii) transfer
      through a book entry system maintained by the Borrower (or its agent), within
      the meaning of Treasury Regulation Section 1.871-14(c)(1)(i)(B).”

    

    2.  Laurus
      hereby agrees with the Company that it shall convert into shares of Common
      Stock
      as soon as practicable after the Amendment Effective Date (but in no event
      later
      than June 30, 2006), Three Hundred Thousand Dollars ($300,000) of aggregate
      principal amount of the Note. The principal so converted shall be applied to
      the
      next payments of principal otherwise due under the Term Note.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    3.  The
      Company understands that it has an affirmative obligation to make prompt public
      disclosure of material agreements and material amendments to such agreements.
      It
      is the Company’s determination that this Amendment is material. The Company
      agrees to file an 8-K within 2 days of the date hereof and in the form otherwise
      prescribed by the SEC.

    

    

    4.  The
      amendment set forth herein shall be effective as of the date first above written
      (the “Amendment
      Effective Date”)
      on the
      date when each of the Company and Laurus shall have executed and the Company
      shall have delivered to Laurus its respective counterpart to this
      Amendment.

    

    5.  Except
      as
      specifically set forth in this Amendment, there are no other amendments,
      modifications or waivers to the Loan Documents, and all of the other forms,
      terms and provisions of the Loan Documents remain in full force and
      effect.

    

    6.  
      The
      Company hereby represents and warrants to Laurus that (i) no Event of Default
      exists on the date hereof, after giving effect to this Amendment, (ii) on the
      date hereof all representations, warranties and covenants made by the Company
      in
      connection with the Loan Documents are true, correct and complete and (iii)
      on
      the date hereof all of the Company’s and its Subsidiaries’ covenant requirements
      have been met.

    

    7.  From
      and
      after the Amendment Effective Date, all references in the Loan Documents to
      the
      Securities Purchase Agreement shall be deemed to be references to the Securities
      Purchase Agreement as modified hereby.

    

    8.  This
      Amendment shall be binding upon the parties hereto and their respective
      successors and permitted assigns and shall inure to the benefit of and be
      enforceable by each of the parties hereto and their respective successors and
      permitted assigns. THIS
      AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY
      THE
      LAW OF THE STATE OF NEW YORK.
      This
      Amendment may be executed in any number of counterparts, each of which shall
      be
      an original, but all of which shall constitute one instrument. 

    

     

    [The
      remainder of this page is intentionally left blank]

     

    
      
        
        

         

      

      
         

        
          

        

      

      
         

        
        

      

    

    IN
      WITNESS WHEREOF,
      each of
      the Company and Laurus has caused this Amendment to the Loan Documents to be
      signed in its name effective as of this 22nd day of June 2006.

     

    
      	 	 	GVI SECURITY SOLUTIONS,
              INC. 
	 	 	 
	 	 	By:____________________________ 
	 	 	Name: 
	 	 	Title: 
	 	 	 
	 	 	LAURUS MASTER FUND,
              LTD. 
	 	 	By:___________________________ 
	 	 	Name: 
	 	 	Title:Exhibit
      10.1

     

    HRDQ
      GROUP,
      INC.

     

    SERIES
      A PREFERRED AND 

    COMMON
      STOCK PURCHASE AGREEMENT 

     

    THIS
      SERIES
      A PREFERRED
      AND
      COMMON
      STOCK
      PURCHASE
      AGREEMENT
      (this
“Agreement”)
      is
      made and entered into as of June 16, 2006, by and between HRDQ
      GROUP,
      INC.,
      a
      Delaware corporation (the “Company”),
      and
      Top Rider Group Limited, a BVI corporation (the “Purchaser”).
      

     

    RECITALS

     

    Whereas,
      the
      Company has authorized the sale and issuance of an aggregate of two hundred
      thousand (200,000) shares of its Series A Preferred Stock (the “Preferred
      Shares”)
      and an
      aggregate of five hundred thousand (500,000) shares of its Common Stock (the
      “Common
      Shares,”
and
      together with the Preferred Shares, the “Shares”);
      

     

    Whereas,
      Purchaser desires to purchase the Shares on the terms and conditions set forth
      herein; and 

     

    Whereas,
      the
      transactions contemplated by this Agreement and the transactions contemplated
      by
      the Contribution Agreement (as defined below) are intended to constitute a
      single transaction for purposes of Section 351 of the Internal Revenue Code
      of
      1986, as amended. 

     

    Whereas,
      the
      Company desires to issue and sell the Shares to Purchaser on the terms and
      conditions set forth herein. 

     

    Now,
      Therefore,
      in
      consideration of the foregoing recitals and the mutual promises,
      representations, warranties, and covenants hereinafter set forth and for other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto, intending to be legally bound, hereby agree
      as
      follows: 

     

     

    AGREEMENT

     

    
      	1.  	
              AGREEMENT
                TO SELL AND PURCHASE.

            

    

     

    1.1  Authorization
      of Shares. The
      Company has authorized (a) the sale and issuance to Purchaser of the Shares
      and
      (b) the issuance of such shares of Common Stock to be issued upon the proper
      conversion of the Preferred Shares (the “Conversion
      Shares”).
      The
      Shares and the Conversion Shares have the rights, preferences, privileges and
      restrictions set forth in the Certificate of Incorporation of the Company,
      in
      the form attached hereto as Exhibit
      B
      (the
“Charter”).
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.2  Sale
      and Purchase. Subject
      to the terms and conditions hereof, at the Closing (as hereinafter defined)
      the
      Company hereby agrees to issue and sell to Purchaser, and Purchaser agrees
      to
      purchase from the Company, (a) 200,000
      Preferred Shares at a purchase price of three dollars and thirty cents ($3.30)
      per share, and (b) 500,000 Common Shares at a purchase price of two dollars
      and
      twenty cents ($2.20) per share. 

     

    
      	2.  	
              CLOSING
                DELIVERY AND PAYMENT.

            

    

     

    2.1  Closing.
      The
      closing of the sale and purchase of the Shares under this Agreement (the
“Closing”)
      shall
      take place at 1:00 p.m. on the date hereof, at the offices of the Company,
      2/F Huiridianqi Shayu Road, Panyu, Guangzhou, GD511490 China, or at such other
      time or place as the Company and Purchaser may mutually agree (such date is
      hereinafter referred to as the “Closing
      Date”).
      

     

    2.2  Delivery.
      At
      the
      Closing, subject to the terms and conditions hereof, the Company will deliver
      to
      Purchaser a certificate representing the number of Preferred Shares and a
      certificate representing the number of Common Shares to be purchased at the
      Closing by such Purchaser, against payment of the purchase price therefor by
      wire transfer of immediately available funds to an account designated by the
      Company. 

     

    
      	3.  	
              REPRESENTATIONS
                AND WARRANTIES OF THE COMPANY.

            

    

     

    Except
      as
      set forth on a Schedule of Exceptions delivered by the Company to Purchaser
      at
      the Closing, the Company hereby represents and warrants to Purchaser as of
      the
      date of this Agreement (after giving effect to the consummation of the
      transactions contemplated by the Acquisition
      Agreement, unless otherwise noted below) as set forth below:

     

    3.1  Organization,
      Good Standing and Qualification. The
      Company is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Delaware. The Company has all requisite corporate
      power and authority to own and operate its properties and assets, to execute
      and
      deliver this Agreement and the Stockholders’ Agreement in the form attached
      hereto as Exhibit
      C
      (the
“Stockholders’
      Agreement”),
      the
      Registration Rights Agreement in the form attached hereto as Exhibit
      D
      (the
“Registration
      Rights Agreement”),
      the
      Acquisition Agreement in the form attached hereto as Exhibit
      E
      (the
“Acquisition
      Agreement”),
      to
      issue and sell the Shares and the Conversion Shares, and to carry out the
      provisions of this Agreement, and the Charter and to carry on its business
      as
      presently conducted and as presently proposed to be conducted. The Company
      is
      duly qualified to do business and is in good standing as a foreign corporation
      in all jurisdictions in which the nature of its activities and of its properties
      (both owned and leased) makes such qualification necessary, except for those
      jurisdictions in which failure to do so would not have a material adverse effect
      on the Company or its business. 

     

    3.2  Subsidiaries.
      The
      Company owns
      19% of
      the ownership interests of Guangzhou Aixi Software Limited, a P.R.China limited
      liability company. In addition, until December 31, 2006, the Company has a
      right to purchase an additional 32% of the ownership interests of Guangzhou
      Aixi
      Software Limited expire date December 31, 2006. 

     

    
      
        
        

      

      
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    3.3  Capitalization;
      Voting Rights.

     

    (a)  The
      authorized capital stock of the Company, immediately prior to the Closing,
      consists of (i) 300,000,000
      shares of Common Stock, par value $0.001 per
      share,
      430,880 shares of which
      are
      issued and outstanding, and (ii) 50,000,000 shares of Preferred Stock, par
      value
      $0.001 per share, all shares of which are designated Series A Preferred Stock,
      none of which are issued and outstanding. Immediately after giving effect to
      the
      transactions contemplated by this Agreement and the Acquisition Agreement,
      there
      will
      be
      3,753,819 shares of
      Common
      Stock issued and outstanding and 200,000 shares of Series A Preferred Stock
      issued and outstanding. 

     

    (b)  No
      shares
      or options to purchase shares of Common Stock have been issued or granted under
      the Company’s 2006 Equity Incentive Plan (the “Plan”),
      and 401,618
      shares
      of
      Common Stock remain available for future issuance under the Plan to officers,
      directors, employees and consultants of the Company. The Company has not made
      any representations regarding equity incentives to any officer, employee,
      director or consultant that are inconsistent with the share amounts and terms
      set forth in the Company’s board minutes. 

     

    (c)  Other
      than the shares reserved for issuance under the Plan and except as may be
      granted pursuant to this Agreement and the Related Agreements, there are no
      outstanding options, warrants, rights (including conversion or preemptive rights
      and rights of first refusal), proxy or stockholder agreements, or agreements
      of
      any kind for the purchase or acquisition from the Company of any of its
      securities. 

     

    (d)  All
      issued and outstanding shares of the Company’s Common Stock (i) have been duly
      authorized and validly issued and are fully paid and nonassessable, (ii) were
      issued in compliance with all applicable state and federal laws concerning
      the
      issuance of securities, and (iii) are subject to a right of first refusal in
      favor of the Company on transfer. 

     

    (e)  The
      rights, preferences, privileges and restrictions of the Shares are as stated
      in
      the Charter. The Conversion Shares have been duly and validly reserved for
      issuance. When issued in compliance with the provisions of this Agreement and
      the Charter, the Shares and the Conversion Shares will be validly issued, fully
      paid and nonassessable, and will be free of any liens or encumbrances other
      than
      liens and encumbrances created by or imposed upon the Purchaser; provided,
      however,
      that
      the Shares and the Conversion Shares may be subject to restrictions on transfer
      and subject to a purchase option under the Related Agreements and under state
      and/or federal securities laws as set forth herein or as otherwise required
      by
      such laws at the time a transfer is proposed. The sale of the Shares and the
      subsequent conversion of the Preferred Shares into Conversion Shares are not
      and
      will not be subject to any preemptive rights or rights of first refusal that
      have not been properly waived or complied with. 

     

    
      
        
        

      

      
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    (f)  No
      stock
      plan, stock purchase, stock option or other agreement or understanding between
      the Company and any holder of any equity securities or rights to purchase equity
      securities provides for acceleration or other changes in the vesting provisions
      or other terms of such agreement or understanding as the result of (i) (i)
      any
      merger, consolidated sale of stock or assets, change in control or any other
      transaction(s) by the Company; or (ii) the occurrence of any other event or
      combination of events. 

     

    (g)  All
      outstanding shares of Common Stock, and all outstanding shares of Common Stock
      and Preferred Stock issuable upon the exercise or conversion, as the case may
      be, of outstanding options, warrants or other exercisable or convertible
      securities, are subject to a market standoff or “lockup” agreement of not less
      than 180 days following the Company’s initial public offering. 

     

    3.4  Authorization;
      Binding Obligations. All
      corporate action on the part of the Company, its officers, directors and
      stockholders necessary for the authorization of this Agreement and the Related
      Agreements, the performance of all obligations of the Company hereunder and
      thereunder at the Closing and the authorization, sale, issuance and delivery
      of
      the Shares pursuant hereto and the Conversion Shares pursuant to the Charter
      has
      been taken. The Agreement and the Related Agreements, when executed and
      delivered, will be valid and binding obligations of the Company enforceable
      in
      accordance with their terms, except (a) as limited by applicable bankruptcy,
      insolvency, reorganization, moratorium or other laws of general application
      affecting enforcement of creditors’ rights, (b) general principles of equity
      that restrict the availability of equitable remedies, and (c) to the extent
      that
      the enforceability of the indemnification provisions in the Investor Rights
      Agreement may be limited by applicable laws. 

     

    3.5  Liabilities.
      The
      Company has no material liabilities that would be required to be reflected
      on a
      balance sheet in accordance with United States generally acceptable accounting
      principles (“GAAP”)
      and,
      to the best of its knowledge, no material contingent liabilities that would
      be
      required to be disclosed in footnotes to the Company’s financial statements in
      accordance with GAAP, except in each case current liabilities incurred in the
      ordinary course of business which would not reasonably be expected to materially
      and adversely affect the business, assets, properties or financial condition
      of
      the Company. 

     

    3.6  Agreements;
      Action. 

     

    (a)  Except
      for agreements explicitly contemplated hereby and agreements between the Company
      on the one hand and its employees with respect to the sale of the Company’s
      outstanding Common Stock, there are no agreements, understandings or proposed
      transactions between the Company and any of its officers, directors, employees,
      affiliates or any affiliate thereof on the other hand. 

     

    
      
        
        

      

      
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    (b)  There
      are
      no agreements, understandings, instruments, contracts, proposed transactions,
      judgments, orders, writs or decrees to which the Company is a party or to its
      knowledge by which it is bound which involve (i) future obligations (contingent
      or otherwise) of, or payments to, the Company in excess of $100,000, or (ii)
      the
      transfer or license of any material patent, copyright, trade secret or other
      proprietary right to or from the Company (other than licenses by the Company
      of
“off the shelf” or other standard products), or (iii) provisions restricting the
      development, manufacture or distribution of the Company’s products or services
      in any material respect, or (iv) indemnification by the Company with respect
      to
      infringements of proprietary rights. 

     

    (c)  The
      Company has not (i) accrued, declared or paid any dividends, or authorized
      or
      made any distribution upon or with respect to any class or series of its capital
      stock, (ii) incurred or guaranteed any indebtedness for money borrowed or any
      other liabilities (other than trade payables incurred in the ordinary course
      of
      business) individually in excess of $100,000 or, in the case of indebtedness
      and/or liabilities individually less than $100,000, in excess of $300,000 in
      the
      aggregate, (iii) made any loans or advances to any person, other than ordinary
      advances for travel expenses, or (iv) sold, exchanged or otherwise disposed
      of
      any of its assets or rights, other than the sale of its inventory in the
      ordinary course of business. 

     

    (d)  For
      the
      purposes of subsections (b) and (c) above, all indebtedness, liabilities,
      agreements, understandings, instruments, contracts and proposed transactions
      involving the same person or entity (including persons or entities the Company
      has reason to believe are affiliated therewith) shall be aggregated for the
      purpose of meeting the individual minimum dollar amounts of such subsections.
      

     

    3.7  Obligations
      to Related Parties. Except
      pursuant to the Related Agreements and the transactions contemplated thereby,
      there are no obligations of the Company to officers, directors, stockholders,
      or
      employees of the Company other than (a) for payment of salary for services
      rendered, (b) reimbursement for reasonable expenses incurred on behalf of the
      Company and (c) for other standard employee benefits made generally available
      to
      all employees (including stock option agreements outstanding under any stock
      option plan approved by the Board of Directors of the Company). Other than
      ownership of shares of stock of any stockholder of the Company that is itself
      a
      corporation or limited liability company, none of the officers, directors or,
      to
      the best of the Company’s knowledge, key employees or stockholders of the
      Company or any members of their immediate families, is indebted to the Company
      or has any direct or indirect ownership interest in any firm or corporation
      with
      which the Company is affiliated or with which the Company has a business
      relationship, or any firm or corporation that competes with the Company, other
      than (i) passive investments in publicly traded companies (representing less
      than 1% of such company) which may compete with the Company and (ii) investments
      by venture capital funds with which directors of the Company may be affiliated
      and service as a board member of a company in connection therewith due to a
      person’s affiliation with a venture capital fund or similar institutional
      investor in such company. No officer, director or stockholder, or any member
      of
      their immediate families, is, directly or indirectly, interested in any material
      contract with the Company (other than the Related Agreements and the
      transactions contemplated thereby and other than such contracts as relate to
      any
      such person’s ownership of capital stock or other securities of the Company).

     

    
      
        
        

      

      
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    3.8  Changes.
      Since
      the
      formation of the Company (and after giving effect to consummation of the
      transactions contemplated by the Contribution Agreement), there has not been
      to
      the Company’s knowledge: 

     

    (a)  Any
      change in the assets, liabilities, financial condition or operations of the
      Company, other than changes in the ordinary course of business, none of which
      individually or in the aggregate has had or is reasonably expected to have
      a
      material adverse effect on such assets, liabilities, financial condition or
      operations of the Company; 

     

    (b)  Any
      resignation or termination of any officer, key employee or group of employees
      of
      the Company; 

     

    (c)  Any
      material change, except in the ordinary course of business, in the contingent
      obligations of the Company by way of guaranty, endorsement, indemnity, warranty
      or otherwise; 

     

    (d)  Any
      damage, destruction or loss, whether or not covered by insurance, materially
      and
      adversely affecting the properties, business or prospects or financial condition
      of the Company; 

     

    (e)  Any
      waiver by the Company of a valuable right or of a material debt owed to it;
      

     

    (f)  Any
      material change in any compensation arrangement or agreement with any employee,
      officer, director or stockholder; 

     

    (g)  Any
      labor
      organization activity related to the Company; 

     

    (h)  Any
      sale,
      assignment, or exclusive license or transfer of any patents, trademarks,
      copyrights, trade secrets or other intangible assets; 

     

    (i)  Any
      change in any material agreement to which the Company is a party or by which
      it
      is bound which materially and adversely affects the business, assets,
      liabilities, financial condition, operations or prospects of the Company;

     

    (j)  Any
      other
      event or condition of any character that, either individually or cumulatively,
      has materially and adversely affected the business, assets, liabilities,
      financial condition or operations of the Company; or 

     

    (k)  Any
      arrangement or commitment by the Company to do any of the acts described in
      subsection (a) through (j) above. 

     

    
      
        
        

      

      
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    3.9  Title
      to Properties and Assets; Liens, Etc. The
      Company has good and marketable title to its owned properties and assets and
      a
      valid leasehold interest in its leasehold estates, in each case subject to
      no
      mortgage, pledge, lien, lease, encumbrance or charge, other than (a) those
      resulting from taxes which have not yet become delinquent, (b) minor liens
      and
      encumbrances which do not materially detract from the value of the property
      subject thereto or materially impair the operations of the Company, and (c)
      those that have otherwise arisen in the ordinary course of business.

     

    3.10  Intellectual
      Property. 

     

    (a)  The
      Company owns or possesses sufficient legal rights to all patents, trademarks,
      service marks, trade names, copyrights, trade secrets, licenses, information
      and
      other proprietary rights and processes necessary for its business as now
      conducted and as presently proposed to be conducted, without any known
      infringement of the rights of others. There are no outstanding material options,
      licenses or agreements of any kind relating to the foregoing proprietary rights,
      nor is the Company bound by or a party to any material options, licenses or
      agreements with respect to the patents, trademarks, service marks, trade names,
      copyrights, trade secrets, licenses, information and other proprietary rights
      and processes of any other person or entity other than such licenses or
      agreements arising from the purchase of “off the shelf” or standard products.

     

    (b)  The
      Company has not received any written communications alleging that the Company
      has violated or, by conducting its business as presently proposed to be
      conducted, would violate any of the patents, trademarks, service marks, trade
      names, copyrights or trade secrets or other proprietary rights of any other
      person or entity. 

     

    (c)  The
      Company is not aware that any of its employees is obligated under any contract
      (including licenses, covenants or commitments of any nature) or other agreement,
      or subject to any judgment, decree or order of any court or administrative
      agency, that would interfere with their duties to the Company or that would
      conflict with the Company’s business as proposed to be conducted. Each employee,
      officer and consultant of the Company has executed a proprietary information
      and
      inventions agreement in the form previously provided to the Purchaser or their
      respective counsel. No employee, officer or consultant of the Company has
      excluded works or inventions made prior to his or her employment with the
      Company from his or her assignment of inventions pursuant to such employee,
      officer or consultant’s proprietary information and inventions agreement. The
      Company does not believe it is or will be necessary to utilize any inventions,
      trade secrets or proprietary information of any of its employees made prior
      to
      their employment by the Company, except for inventions, trade secrets or
      proprietary information that have been assigned to the Company. 

     

    
      
        
        

      

      
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    (d)  The
      Company is not subject to any “open source” or “copyleft” obligations or
      otherwise required to make any public disclosure or general availability of
      source code either used or developed by the Company. 

     

    3.11  Compliance
      with Other Instruments. The
      Company is not in violation or default of any term of its charter documents,
      each as amended. The Company is not in violation or default under any provision
      of any mortgage, indenture, contract, lease, agreement, instrument or contract
      to which it is party or by which it is bound or of any judgment, decree, order
      or writ which would materially adversely affect the Company’s business, assets,
      properties or financial condition. The execution, delivery, and performance
      of
      and compliance with this Agreement, and the Related Agreements, and the issuance
      and sale of the Shares pursuant hereto and of the Conversion Shares pursuant
      to
      the Charter, will not, with or without the passage of time or giving of notice,
      result in any such violation, or be in conflict with or constitute a default
      under any such term or provision, or result in the creation of any mortgage,
      pledge, lien, encumbrance or charge upon any of the properties or assets of
      the
      Company or the suspension, revocation, impairment, forfeiture or nonrenewal
      of
      any permit, license, authorization or approval applicable to the Company, its
      business or operations or any of its assets or properties. 

     

    3.12  Litigation.
      To
      the
      Company’s knowledge, there is no action, suit, proceeding or investigation
      pending or currently threatened against the Company that would reasonably be
      expected to result, either individually or in the aggregate, in any material
      adverse change in the assets, business, properties or financial condition of
      the
      Company or any change in the current equity ownership of the Company or that
      questions the validity of this Agreement or the Related Agreements or the right
      of the Company to enter into any of such agreements, or to consummate the
      transactions contemplated hereby or thereby. The foregoing includes, without
      limitation, actions to the Company’s knowledge pending or threatened involving
      the prior employment of any of the Company’s employees, their use in connection
      with the Company’s business of any information or techniques allegedly
      proprietary to any of their former employers, or their obligations under any
      agreements with prior employers. To the Company’s knowledge, the Company is not
      a party or subject to the provisions of any order, writ, injunction, judgment
      or
      decree of any court or government agency or instrumentality. There is no action,
      suit, proceeding or investigation by the Company currently pending or which
      the
      Company intends to initiate. 

     

    3.13  Tax
      Returns and Payments. The
      Company is and always has been a subchapter C corporation. The Company has
      not
      been required to file any tax returns (federal, state and local) prior to the
      date hereof (and no such tax returns have been filed). The Company has no
      knowledge of any liability of any tax to be imposed upon its properties or
      assets as of the date of this Agreement that is not adequately provided for.
      

     

    3.14  Employees.
      The
      Company has no collective bargaining agreements with any of its employees.
      There
      is no labor union organizing activity pending or, to the Company’s knowledge,
      threatened with respect to the Company. The Company is not a party to or bound
      by any currently effective employment contract, deferred compensation
      arrangement, bonus plan, incentive plan, profit sharing plan, retirement
      agreement or other employee compensation plan or agreement. No employee of
      the
      Company has been granted the right to continued employment by the Company or
      to
      any material compensation following termination of employment with the Company.
      To the Company’s knowledge, no employee of the Company, nor any consultant with
      whom the Company has contracted, is in violation of any term of any employment
      contract, proprietary information agreement or any other agreement relating
      to
      the right of any such individual to be employed by, or to contract with, the
      Company; and to the Company’s knowledge the continued employment by the Company
      of its present employees, and the performance of the Company’s contracts with
      its independent contractors, will not result in any such violation. The Company
      has not received any notice alleging that any such violation has occurred.
      The
      Company is not aware that any officer, key employee or group of employees
      intends to terminate his, her or their employment with the Company, nor does
      the
      Company have a present intention to terminate the employment of any officer,
      key
      employee or group of employees. Each former employee of the Company whose
      employment was terminated by the Company has entered into an agreement with
      the
      Company providing for the full release of any claims against the Company or
      any
      related party arising out of such employment. There are no actions pending,
      or
      to the Company’s knowledge, threatened, by any former or current employee
      concerning such person’s employment by the Company. 

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    3.15  Registration
      Rights and Voting Rights. Except
      as
      required pursuant to the Registration Rights Agreement, the Company is presently
      not under any obligation, and has not granted any rights, to register under
      the
      Securities Act of 1933, as amended (the “Securities Act”),
      any
      of the Company’s presently outstanding securities or any of its securities that
      may hereafter be issued. To the Company’s knowledge, except as contemplated in
      the Stockholders’ Agreement, no stockholder of the Company has entered into any
      agreement with respect to the voting of equity securities of the Company.

     

    3.16  Compliance
      with Laws; Permits. The
      Company is not in violation of any applicable statute, rule, regulation, order
      or restriction of any domestic or foreign government or any instrumentality
      or
      agency thereof in respect of the conduct of its business or the ownership of
      its
      properties, which violation would materially and adversely affect the business,
      assets, properties or financial condition of the Company. No domestic
      governmental orders, permissions, consents, approvals or authorizations are
      required to be obtained and no registrations or declarations are required to
      be
      filed in connection with the execution and delivery of this Agreement or the
      issuance of the Shares or the Conversion Shares, except such as have been duly
      and validly obtained or filed, or with respect to any filings that must be
      made
      after the Closing, as will be filed in a timely manner. The Company has all
      franchises, permits, licenses and any similar authority necessary for the
      conduct of its business as now being conducted by it, the lack of which could
      materially and adversely affect the business, assets, properties or financial
      condition of the Company and believes it can obtain, without undue burden or
      expense, any similar authority for the conduct of its business as planned to
      be
      conducted. 

     

    3.17  Environmental
      and Safety Laws. To
      its
      knowledge, the Company is not in violation of any applicable statute, law or
      regulation relating to the environment or occupational health and safety in
      any
      material respect, and to its knowledge, no material expenditures are or will
      be
      required in order to comply with any such existing statute, law or regulation.
      

     

    
      
        
        

      

      
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    3.18  Offering
      Valid. Assuming
      the accuracy of the representations and warranties of Purchaser contained in
      Section 4.2 hereof, the offer, sale and issuance of the Shares and the
      Conversion Shares will be exempt from the registration requirements of the
      Securities Act, and will have been registered or qualified (or are exempt from
      registration and qualification) under the registration, permit or qualification
      requirements of all applicable state securities laws. Neither the Company nor
      any agent on its behalf has solicited or will solicit any offers to sell or
      has
      offered to sell or will offer to sell all or any part of the Shares to any
      person or persons so as to bring the sale of such Shares by the Company within
      the registration provisions of the Securities Act or any state securities laws.
      

     

    3.19  Full
      Disclosure. The
      Company has provided Purchaser with all information requested by the Purchaser
      in connection with their decision to purchase the Shares. To the Company’s
      knowledge, there are no facts which (individually or in the aggregate)
      materially adversely affect the business, assets, liabilities, financial
      condition or operations of the Company that have not been set forth in the
      Agreement, the exhibits hereto, the Related Agreements or in other documents
      delivered to Purchaser or their attorneys or agents in connection herewith.
      

     

    3.20  Qualified
      Small Business. The
      Company represents and warrants to Purchaser that, to the best of its knowledge,
      the Company is a “qualified small business” within the meaning of Section
      1202(d) of the Internal Revenue Code of 1986, as amended (the “Code”),
      as of
      the date hereof and the Shares should qualify as “qualified small business
      stock” as defined in Section 1202(c) of the Code as of the date hereof. The
      Company further represents and warrants that, as of the date hereof, it meets
      the “active business requirement” of Section 1202(e) of the Code, and it has
      made no “significant redemptions” within the meaning of Section 1202(c)(3)(B) of
      the Code. 

     

    3.21  Minute
      Books. The
      minute books of the Company made available to Purchaser contain a complete
      summary of all meetings of directors and stockholders since the time of
      incorporation. 

     

    3.22  Real
      Property Holding Corporation. The
      Company is not a real property holding corporation within the meaning of Code
      Section 897(c)(2) and any regulations promulgated thereunder. 

     

    3.23  Insurance.
      The
      Company has or will obtain (or arrange to be covered by) promptly following
      the
      Closing general commercial, product liability, fire and casualty insurance
      policies with coverage customary for companies similarly situated to the
      Company. 

     

    
      	4.  	
              REPRESENTATIVES
                AND WARRANTIES OF
                PURCHASER.

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    Purchaser
      hereby
      represents and warrants to the Company as follows (provided,
      that
      such representations and warranties do not lessen or obviate the representations
      and warranties of the Company set forth in this Agreement): 

     

    4.1  Requisite
      Power and Authority. Purchaser
      has all necessary power and authority to execute and deliver this Agreement
      and
      the Related Agreements and to carry out their provisions. All action on
      Purchaser’s part required for the lawful execution and delivery of this
      Agreement and the Related Agreements has been taken. Upon their execution and
      delivery, this Agreement and the Related Agreements will be valid and binding
      obligations of Purchaser, enforceable in accordance with their terms, except
      (a)
      as limited by applicable bankruptcy, insolvency, reorganization, moratorium
      or
      other laws of general application affecting enforcement of creditors’ rights,
      (b) as limited by general principles of equity that restrict the availability
      of
      equitable remedies, and (c) to the extent that the enforceability of the
      indemnification provisions of the Investor Rights Agreement may be limited
      by
      applicable laws. 

     

    4.2  Investment
      Representations. Purchaser
      understands that neither the Shares nor the Conversion Shares have been
      registered under the Securities Act. Purchaser also understands that the Shares
      are being offered and sold pursuant to an exemption from registration contained
      in the Securities Act based in part upon Purchaser’s representations contained
      in the Agreement. Purchaser hereby represents and warrants as follows:

     

    (a)  Purchaser
      Bears Economic Risk.
      Purchaser has substantial experience in evaluating and investing in private
      placement transactions of securities in companies similar to the Company so
      that
      it is capable of evaluating the merits and risks of its investment in the
      Company and has the capacity to protect its own interests. Purchaser must bear
      the economic risk of this investment indefinitely unless the Shares (or the
      Conversion Shares) are registered pursuant to the Securities Act, or an
      exemption from registration is available. Purchaser understands that the Company
      has no present intention of registering the Shares, the Conversion Shares or
      any
      shares of its Common Stock. Purchaser also understands that there is no
      assurance that any exemption from registration under the Securities Act will
      be
      available and that, even if available, such exemption may not allow Purchaser
      to
      transfer all or any portion of the Shares or the Conversion Shares under the
      circumstances, in the amounts or at the times Purchaser might propose.

     

    (b)  Acquisition
      for Own Account. Purchaser
      is acquiring the Shares and the Conversion Shares for Purchaser’s own account
      for investment only, and not with a view towards their distribution.

     

    (c)  Purchaser
      Can Protect Its Interest.
      Purchaser represents that by reason of its, or of its management’s, business or
      financial experience, Purchaser has the capacity to protect its own interests
      in
      connection with the transactions contemplated in this Agreement, and the Related
      Agreements. Further, Purchaser is aware of no publication of any advertisement
      in connection with the transactions contemplated in this Agreement.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (d)  Accredited
      Investor. Purchaser
      represents that it is an accredited investor within the meaning of Regulation
      D
      under the Securities Act. 

     

    (e)  Company
      Information.
      Purchaser has had an opportunity to discuss the Company’s business, management
      and financial affairs with the directors, officers and management of the Company
      and has had the opportunity to review the Company’s operations and facilities.
      Purchaser has also had the opportunity to ask questions of and receive answers
      from, the Company and its management regarding the terms and conditions of
      this
      investment. 

     

    (f)  Rule
      144. Purchaser
      acknowledges and agrees that the Shares, and, if issued, the Conversion Shares
      are “restricted securities” as defined in Rule 144 promulgated under the
      Securities Act as in effect from time to time and must be held indefinitely
      unless they are subsequently registered under the Securities Act or an exemption
      from such registration is available. Purchaser has been advised or is aware
      of
      the provisions of Rule 144, which permits limited resale of shares purchased
      in
      a private placement subject to the satisfaction of certain conditions,
      including, among other things: the availability of certain current public
      information about the Company, the resale occurring following the required
      holding period under Rule 144 and the number of shares being sold during any
      three-month period not exceeding specified limitations. 

     

    (g)  Residence.
      If
      Purchaser is a partnership, corporation, limited liability company or other
      entity, then the office or offices of Purchaser in which its investment decision
      was made is located at the address or addresses of Purchaser set forth on
      signature page.

     

    (h)  Foreign
      Investors. If
      Purchaser is not a United States person (as defined by Section 7701(a)(30)
      of
      the Internal Revenue Code of 1986, as amended), Purchaser hereby represents
      that
      it has satisfied itself as to the full observance of the laws of its
      jurisdiction in connection with any invitation to subscribe for the Shares
      or
      any use of this Agreement, including (i) the legal requirements within its
      jurisdiction for the purchase of the Shares, (ii) any foreign exchange
      restrictions applicable to such purchase, (iii) any government or other consents
      that may need to be obtained, and (iv) the income tax and other tax
      consequences, if any, that may be relevant to the purchase, holding, redemption,
      sale or transfer of the Shares. The Company’s offer and sale and Purchaser’s
      subscription and payment for and continued beneficial ownership of the Shares
      will not violate any applicable securities or other laws of Purchaser’s
      jurisdiction. 

     

    4.3  Transfer
      Restrictions. 

     

    Purchaser
      acknowledges and agrees that the Shares and, if issued, the Conversion Shares
      are subject to restrictions on transfer as set forth in the Stockholders’
Agreement. 

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	5.  	
              CONDTIONS
                TO CLOSING.
                

            

    

     

    5.1  Conditions
      to Obligations of the Purchaser. 

     

    Purchaser’s
      obligations to purchase the Shares at the Closing are subject to the
      satisfaction, at or prior to the Closing Date, of the following conditions:
      

     

    (a)  Representations
      and Warranties True; Performance of Obligations.
      The
      representations and warranties made by the Company in Section 3 hereof shall
      be
      true and correct as of the Closing Date with the same force and effect as if
      they had been made as of the Closing Date, and the Company shall have performed
      all obligations and conditions herein required to be performed or observed
      by it
      on or prior to the Closing. 

     

    (b)  Legal
      Investment. On
      the
      Closing Date, the sale and issuance of the Shares and the proposed issuance
      of
      the Conversion Shares shall be legally permitted by all laws and regulations
      to
      which Purchaser and the Company are subject. 

     

    (c)  Consents,
      Permits, and Waivers.
      The
      Company shall have obtained any and all consents, permits and waivers necessary
      or appropriate for consummation of the transactions contemplated by the
      Agreement and the Related Agreements (including any filing required to comply
      with the Hart Scott Rodino Antitrust Improvements Act of 1976) except for such
      as may be properly obtained subsequent to the Closing. 

     

    (d)  Filing
      of Charter.
      The
      Charter shall have been filed with the Secretary of State of the State of
      Delaware and shall continue to be in full force and effect as of the Closing
      Date. 

     

    (e)  Corporate
      Documents.
      The
      Company shall have delivered to Purchaser or their counsel copies of all
      corporate documents of the Company as Purchaser shall reasonably request.

     

    (f)  Reservation
      of Conversion Shares.
      The
      Conversion Shares issuable upon conversion of the Preferred Shares shall have
      been duly authorized and reserved for issuance upon such conversion.

     

    (g)  Compliance
      Certificate.
      The
      Company shall have delivered to Purchaser a Compliance Certificate, executed
      by
      the President of the Company, dated the Closing Date, to the effect that the
      conditions specified in subsections (a), (c), (d) and (f) of this Section 5.1
      have been satisfied. 

     

    (h)  Secretary’s
      Certificate.
      Purchaser shall have received from the Company’s Secretary, a certificate having
      attached thereto (i) the Company’s Charter as in effect at the time of the
      Closing, (ii) the Company’s Bylaws as in effect at the time of the Closing, and
      (iii) resolutions approved by the Board of Directors authorizing the
      transactions contemplated hereby. 

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    (i)  Related
      Agreements.
      The
      Stockholders’ Agreement, Registration Rights Agreement, Contribution Agreement,
      License Agreement and Services Agreement shall each have been executed and
      delivered by the parties thereto. 

     

    (j)  Board
      of Directors.
      Upon the
      Closing, the authorized size of the Board of Directors of the Company shall
      be
      five (5) members and the Board shall consist of Richard Rosenblatt, Andrew
      Sheehan, Geoffrey Yang, Christopher DeWolfe and there will be one vacancy.
      

     

    (k)  Proceedings
      and Documents.
      All
      corporate and other proceedings in connection with the transactions contemplated
      at the Closing hereby and all documents and instruments incident to such
      transactions shall be reasonably satisfactory in substance and form to Purchaser
      and their special counsel, and Purchaser and their special counsel shall have
      received all such counterpart originals or certified or other copies of such
      documents as they may reasonably request. 

     

    (l)  Management
      Rights.
      A
      Management Rights Letter substantially in the form attached hereto as
Exhibit
      H
      shall
      have been executed by the Company and delivered to Purchaser to whom it is
      addressed. 

     

    5.2  Conditions
      to Obligations of the Company. The
      Company’s obligation to issue and sell the Shares at each Closing is subject to
      the satisfaction, on or prior to such Closing, of the following conditions:
      

     

    (a)  Representations
      and Warranties True.
      The
      representations and warranties in Section 4 made by those Purchaser acquiring
      Shares hereof shall be true and correct at the date of the Closing, with the
      same force and effect as if they had been made on and as of said date.

     

    (b)  Performance
      of Obligations.
      Such
      Purchaser shall have performed and complied with all agreements and conditions
      herein required to be performed or complied with by such Purchaser on or before
      the Closing. 

     

    (c)  Related
      Agreements.
      The
      Stockholders’ Agreement, Registration Rights Agreement, Acquisition Agreement,
      License Agreement and Services Agreement shall have been executed and delivered
      by the parties hereto. 

     

    (d)  Consents,
      Permits, and Waivers.
      The
      Company shall have obtained any and all consents, permits and waivers necessary
      or appropriate for consummation of the transactions contemplated by the
      Agreement and the Related Agreements (including any filing required to comply
      with the Hart Scott Rodino Antitrust Improvements Act of 1976, and except for
      such as may be properly obtained subsequent to the Closing). 

     

    
      	6.  	
              MISCELLANEOUS.

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    6.1  Governing
      Law. This
      Agreement shall be governed by and construed under the laws of the State of
      New
      York
      in all respects as such laws are applied to agreements among New York residents
      entered into and performed entirely within New York, without giving effect
      to
      conflict of law principles thereof. 

     

    6.2  Survival.
      The
      representations, warranties, covenants and agreements made herein shall survive
      the closing of the transactions contemplated hereby. All statements as to
      factual matters contained in any certificate or other instrument delivered
      by or
      on behalf of the Company pursuant hereto in connection with the transactions
      contemplated hereby shall be deemed to be representations and warranties by
      the
      Company hereunder solely as of the date of such certificate or instrument.
      The
      representations, warranties, covenants and obligations of the Company, and
      the
      rights and remedies that may be exercised by the Purchaser, shall not be limited
      or otherwise affected by or as a result of any information furnished to, or
      any
      investigation made by or knowledge of, any of the Purchaser or any of their
      representatives. 

     

    6.3  Successors
      and Assigns. Except
      as
      otherwise expressly provided herein, the provisions hereof shall inure to the
      benefit of, and be binding upon the parties hereto and their respective
      successors, assigns, heirs, executors and administrators and shall inure to
      the
      benefit of and be enforceable by each person who shall be a holder of the Shares
      from time to time; provided,
      however,
      that
      prior to the receipt by the Company of adequate written notice of the transfer
      of any Shares specifying the full name and address of the transferee, the
      Company may deem and treat the person listed as the holder of such Shares in
      its
      records as the absolute owner and holder of such Shares for all purposes.

     

    6.4  Entire
      Agreement. This
      Agreement, the exhibits and schedules hereto, the Related Agreements and the
      other documents delivered pursuant hereto constitute the full and entire
      understanding and agreement between the parties with regard to the subjects
      hereof and no party shall be liable for or bound to any other in any manner
      by
      any oral or written representations, warranties, covenants and agreements except
      as specifically set forth herein and therein. 

     

    6.5  Severability.
      In
      the
      event one or more of the provisions of this Agreement should, for any reason,
      be
      held to be invalid, illegal or unenforceable in any respect, such invalidity,
      illegality or unenforceability shall not affect any other provisions of this
      Agreement, and this Agreement shall be construed as if such invalid, illegal
      or
      unenforceable provision had never been contained herein. 

     

    6.6  Amendment
      and Waiver. This
      Agreement may be amended or modified, and the obligations of the Company and
      the
      rights of the holders of the Shares and the Conversion Shares under the
      Agreement may be waived, only upon the written consent of the Company and
      holders of a majority of the Shares purchased or agreed to be purchased pursuant
      to this Agreement (treated as if converted and including any Conversion Shares
      into which the then outstanding Shares have been converted that have not been
      sold to the public). 

     

    6.7  Delays
      or Omissions. It
      is
      agreed that no delay or omission to exercise any right, power or remedy accruing
      to any party, upon any breach, default or noncompliance by another party under
      this Agreement shall impair any such right, power or remedy, nor shall it be
      construed to be a waiver of any such breach, default or noncompliance, or any
      acquiescence therein, or of or in any similar breach, default or noncompliance
      thereafter occurring. It is further agreed that any waiver, permit, consent
      or
      approval of any kind or character on any party’s part of any breach, default or
      noncompliance under this Agreement or any waiver on such party’s part of any
      provisions or conditions of this Agreement must be in writing and shall be
      effective only to the extent specifically set forth in such writing. All
      remedies, either under this Agreement by law, or otherwise afforded to any
      party, shall be cumulative and not alternative. 

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    6.8  Notices.
       All
      notices required or permitted hereunder shall be in writing and shall be deemed
      effectively given: (a) upon personal delivery to the party to be notified,
      (b)
      when sent by confirmed electronic mail, telex or facsimile if sent during normal
      business hours of the recipient, if not, then on the next business day, (c)
      five
      (5) days after having been sent by registered or certified mail, return receipt
      requested, postage prepaid, or (d) one (1) day after deposit with a nationally
      recognized overnight courier, specifying next day delivery, with written
      verification of receipt. All communications shall be sent to the Company and
      to
      Purchaser at the address as set forth on the signature page hereof or at such
      other address or electronic mail address as the Company or Purchaser may
      designate by ten (10) days advance written notice to the other parties hereto.
      

     

    6.9  Expenses. 
      Each
      party shall pay all costs and expenses that it incurs with respect to the
      negotiation, execution, delivery and performance of the Agreement; provided,
      however, that the Company shall, at the Closing, reimburse reasonable fees
      of
      the Purchaser actually incurred not to exceed $20,000.
      

     

    6.10  Attorneys’
      Fees.  In
      the
      event that any suit or action is instituted under or in relation to this
      Agreement, including without limitation to enforce any provision in this
      Agreement, the prevailing party in such dispute shall be entitled to recover
      from the losing party all fees, costs and expenses of enforcing any right of
      such prevailing party under or with respect to this Agreement, including without
      limitation, such reasonable fees and expenses of attorneys and accountants,
      which shall include, without limitation, all fees, costs and expenses of
      appeals. 

     

    6.11  Titles
      and Subtitles. The
      titles of the sections and subsections of the Agreement are for convenience
      of
      reference only and are not to be considered in construing this Agreement.

     

    6.12  Counterparts.
      This
      Agreement may be executed in any number of counterparts, including by facsimile,
      each of which shall be an original, but all of which together shall constitute
      one instrument. 

     

    6.13  Broker’s
      Fees. Each
      party hereto represents and warrants that no agent, broker, investment banker,
      person or firm acting on behalf of or under the authority of such party hereto
      is or will be entitled to any broker’s or finder’s fee or any other commission
      directly or indirectly in connection with the transactions contemplated herein.
      Each party hereto further agrees to indemnify each other party for any claims,
      losses or expenses incurred by such other party as a result of the
      representation in this Section 6.13 being untrue. 

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    6.14  Exculpation
      by Purchaser. Purchaser
      acknowledges that it is not relying upon any person, firm, or corporation,
      other
      than the Company and its officers and directors, in making its investment or
      decision to invest in the Company. Purchaser agrees that no Purchaser nor the
      respective controlling persons, officers, directors, partners, agents, or
      employees of the
      Purchaser shall be liable to the Purchaser for any action heretofore or
      hereafter taken or omitted to be taken by any of them in connection with the
      purchase of the Shares and Conversion Shares. 

     

    6.15  Pronouns.
      All
      pronouns contained herein, and any variations thereof, shall be deemed to refer
      to the masculine, feminine or neutral, singular or plural, as to the identity
      of
      the parties hereto may require. 

     

    6.16  Delaware
      Corporate Securities Law. THE
      SALE OF THE SECURITIES THAT ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN
      QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF BVI
      AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF
      THE
      CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION OR IN THE ABSENCE OF AN
      EXEMPTION FROM SUCH QUALIFICATION IS UNLAWFUL. PRIOR TO ACCEPTANCE OF SUCH
      CONSIDERATION BY THE COMPANY, THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE
      EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED OR AN EXEMPTION
      FROM SUCH QUALIFICATION BEING AVAILABLE. 

     

    **End
      of Agreement
      - Signature Page Follows**

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    In
      Witness Whereof,
      the
      parties hereto have executed the Series
      A Preferred And
      Common Stock Purchase Agreement
      as of
      the date set forth in the first paragraph hereof.
      

     

     

    
      	
              COMPANY:

            
	 	 
	
              HRDQ
                GROUP, INC.

            
	 	 
	By:	
              /s/ Limei
                Deng

            
	
               

              Name:

            	
              

              Limei
                Deng

            
	Title:	
              President

            
	 	 
	
              Address:

            	
              2/F.,
                Huiridianqi Shayu Road

            
	 	
              Panyu
                Guangzhou, GD511490 

            
	 	China

       

      
        	
                
                  PURCHASER:

                

              
	 	 
	
                
                  Top
                    Rider Group Limited,

                

              
	 	 
	By:	
                /s/ Martin
                  Chang

              
	
                 

              	
                

                
                  Martin
                    Chang, Manager

                

              
	 	 
	
                Address:

              	
                
                  4/F.,
                    74 Shanan Road, Shiqiao

                

              
	 	
                Panyu
                  Guangzhou, GD511400 

              
	 	China

      

       

      
        
          
          

        

        
          18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]