Document:

REGISTRATION RIGHTS
AGREEMENT

    

    THIS REGISTRATION RIGHTS
AGREEMENT (hereinafter referred to as the “Agreement”), dated July 9,
2010 by and between

    

    China
Kangtai Cactus Bio-Tech, Inc., a corporation organized
under the laws of Nevada, with its principal offices at No. 99 Taibei Road,
Limin Economic and Technology Development Zone, Harbin, Heilongjiang Province
150025 China (hereinafter referred to as the “Company”),

    

    and

    

    Kodiak
Capital Group, LLC, a Delaware Limited Liability Company, with its principal
office at One Columbus Place, 25th Floor,
New York, NY 10019 (hereinafter referred to as the “Holder”).

    

    WHEREAS, in connection with the
Investment Agreement (the “Investment Agreement”)by and between the Company and
the Investor of equal date as the Agreement hereto (together, the “Transaction
Documents”), the Company has agreed to issue and sell to the Investor an
indeterminate number of shares of the Company’s Common Stock, par value $0.001
per share (the “Common Stock”), to be purchased pursuant to the terms and
subject to the conditions set forth in the Investment Agreement, which is hereby
incorporated by reference; and

    

    WHEREAS, to induce the Investor
to execute and deliver the Investment Agreement, the Company has agreed to
provide certain registration rights under the Securities Act of 1933, as
amended, and the rules and regulations thereunder, or any similar successor
statute (collectively, the “1933 Act”), and applicable state securities laws,
with respect to the shares of Common Stock issuable pursuant to the Investment
Agreement.

    

    NOW THEREFORE, in
consideration of the foregoing promises and the mutual covenants contained
hereinafter and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Investor
hereby agree as follows:

    

    Section
1.  DEFINITIONS.

    

    As used
in this Agreement, the following terms shall have the following
meanings:

    

    “Execution Date” means the date
of this Agreement set forth above.

    

    “Investor” means Kodiak Capital
Group, LLC, a Delaware Limited Liability Company.

    
      
         

      

      
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    “Person” means a corporation, a
limited liability company, an association, a partnership, an organization, a
business, an individual, a governmental or political subdivision thereof or a
governmental agency.

    

    “Principal Market” shall mean
The American Stock Exchange, National Association of Securities Dealer’s, Inc.,
Over-the-Counter electronic bulletin board, the Nasdaq National Market or The
Nasdaq SmallCap Market whichever is the principal market on which the Common
Stock of the Company is listed.

     

    “Register,” “Registered,” and “Registration” refer to the
Registration effected by preparing and filing one (1) or more Registration
Statements in compliance with the 1933 Act and pursuant to Rule 415 under the
1933 Act or any successor rule providing for offering securities on a continuous
basis (hereinafter referred to as “Rule 415”), and the
declaration or ordering of effectiveness of such Registration Statement(s) by
the United States Securities and Exchange Commission (hereinafter referred to as
the “SEC”).

    

    “Registrable Securities” means
(i) the shares of Common
Stock issued or issuable pursuant to the Investment Agreement, and (ii) any shares of capital
stock issued or issuable with respect to such shares of Common Stock, if any, as
a result of any stock split, stock dividend, recapitalization, exchange or
similar event or otherwise, which have not been (x) included in the
Registration Statement that has been declared effective by the SEC, or (y) sold under circumstances
meeting all of the applicable conditions of Rule 144 (or any similar provision
then in force) under the 1933 Act.

    

    “Registration Statement” means
the registration statement of the Company filed under the 1933 Act covering the
Registrable Securities.

    

    All
capitalized terms used in this Agreement and not otherwise defined herein shall
have the same meaning ascribed to them as in the Investment
Agreement.

    

    Section 2.  REGISTRATION.

    

    (a)  The Company shall,
within fifteen (15) trading days of the date of this Agreement, file with the
SEC the Registration Statement or Registration Statements (as is necessary) on
Form S-1 (or, if such form is unavailable for such a registration, on such other
form as is available for such registration), covering the resale of all of the
Registrable Securities, which Registration Statement(s) shall state that, in
accordance with Rule 416 promulgated under the 1933 Act, such Registration
Statement also covers such indeterminate number of additional shares of Common
Stock as may become issuable upon stock splits, stock dividends or similar
transactions.  The Company shall initially register for resale 1,000,000
shares of Common Stock which would be issuable on the date preceding the filing
of the Registration Statement based on the closing bid price of the Company’s
Common Stock on such date and the amount reasonably calculated that represents
Common Stock issuable to other parties as set forth in the Investment Agreement
except to the extent that the SEC requires the share amount to be reduced as a
condition of effectiveness.

    
      
         

      

      
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    (b)  The Company shall
use all commercially reasonable efforts to have the Registration Statement(s)
declared effective by the SEC within ninety (90) calendar days after the
Execution Date.

    

    (c)  The Company agrees
not to include any other securities in the Registration Statement covering the
Registrable Securities without Investor’s prior written consent, which Investor
may withhold in its sole discretion, other than the warrants held by T Squared
Investments LLC to purchase up to 1,100,000 shares of the Company’s Common
Stock, which retains piggy-back registration rights concerning such warrants
pursuant to a certain Preferred Stock Purchase Agreement between the Company and
T Squared Investments LLC dated July 16, 2008. Furthermore, the Company agrees
that it will not file any other Registration Statement for other securities,
until thirty calendar days after the Registration Statement for the Registrable
Securities is declared effective by the SEC.

    

    Section 3.  RELATED
OBLIGATIONS.

    

    At such
time as the Company is obligated to prepare and file the Registration Statement
with the SEC pursuant to Section 2(a), the Company will effect the registration
of the Registrable Securities in accordance with the intended method of
disposition thereof and, with respect thereto, the Company shall have the
following obligations:

    

    (a)  The Company shall
use all commercially reasonable efforts to cause such Registration Statement
relating to the Registrable Securities to become effective within ninety (90)
days after the Execution Date and shall keep such Registration Statement
effective until the earlier to occur of  the date on which (A) the Investor shall have
sold all the Registrable Securities; (B) all Registrable Securities
held by the Investor can be sold without registration in compliance with Rule
144 of the 1933 Act; or (C) the Investor has no right to acquire any additional
shares of Common Stock under the Investment Agreement (hereinafter referred to
as the “Registration
Period”).  The Registration Statement (including any amendments or
supplements thereto and prospectuses contained therein) shall not contain any
untrue statement of a material fact or omit to state a material fact required to
be stated therein, or necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading. The Company shall use all
commercially reasonable efforts to respond to all SEC comments within seven (7)
business days from receipt of such comments by the Company. The Company shall
use all commercially reasonable efforts to cause the Registration Statement
relating to the Registrable Securities to become effective no later than five
(5) business days after notice from the SEC that the Registration Statement may
be declared effective.  The Investor agrees to provide all information
which it is required by law to provide to the Company, including the intended
method of disposition of the Registrable Securities, and the Company’s
obligations set forth above shall be conditioned on the receipt of such
information.

    
      
         

      

      
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    (b)  The Company shall
prepare and file with the SEC such amendments (including post-effective
amendments) and supplements to the Registration Statement and the prospectus
used in connection with such Registration Statement, which prospectus is to be
filed pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary
to keep such Registration Statement effective during the Registration Period,
and, during such period, comply with the provisions of the 1933 Act with respect
to the disposition of all Registrable Securities of the Company covered by such
Registration Statement until such time as all of such Registrable Securities
shall have been disposed of in accordance with the intended methods of
disposition by the Investor thereof as set forth in such Registration Statement.
 In the event the number of shares of Common Stock covered by the
Registration Statement filed pursuant to this Agreement is at any time
insufficient to cover all of the Registrable Securities, the Company shall amend
such Registration Statement, or file a new Registration Statement (on the short
form available therefor, if applicable), or both, so as to cover all of the
Registrable Securities, in each case, as soon as practicable, but in any event
within thirty (30) calendar days after the necessity therefor arises (based on
the then Purchase Price of the Common Stock and other relevant factors on which
the Company reasonably elects to rely), assuming the Company has sufficient
authorized shares at that time, and if it does not, within thirty (30) calendar
days after such shares are authorized.  The Company shall use commercially
reasonable efforts to cause such amendment and/or new Registration Statement to
become effective as soon as practicable following the filing
thereof.

    

    (c)  The Company shall
make available to the Investor whose Registrable Securities are included in any
Registration Statement and its legal counsel without charge:

    

    
      	
               
      

            	
              (i)

            	
              promptly
      after the same is prepared and filed with the SEC at least one (1) copy of
      such Registration Statement and any amendment(s) thereto, including
      financial statements and schedules, all documents incorporated therein by
      reference and all exhibits, the prospectus included in such Registration
      Statement (including each preliminary prospectus) and, with regards to
      such Registration Statement(s), any correspondence by or on behalf of the
      Company to the SEC or the staff of the SEC and any correspondence from the
      SEC or the staff of the SEC to the Company or its
      representatives;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              upon
      the effectiveness of any Registration Statement, the Company shall make
      available copies of the prospectus, via EDGAR, included in such
      Registration Statement and all amendments and supplements thereto;
      and

            

    

    

    
      	
               
      

            	
              (iii)

            	
              such
      other documents, including copies of any preliminary or final prospectus,
      as the Investor may reasonably request from time to time in order to
      facilitate the disposition of the Registrable
  Securities.

            

    

     

    (d)  The Company shall
use commercially reasonable efforts to:

    

    
      	
               
      

            	
              (i)

            	
              register
      and qualify the Registrable Securities covered by the Registration
      Statement under such other securities or “blue sky” laws of such states in
      the United States as the Investor reasonably
  requests;

            

    

    
      
         

      

      
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              (ii)

            	
              prepare
      and file in those jurisdictions, such amendments (including post-effective
      amendments) and supplements to such registrations and qualifications as
      may be necessary to maintain the effectiveness thereof during the
      Registration Period;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              take
      such other actions as may be necessary to maintain such registrations and
      qualifications in effect at all times during the Registration Period,
      and

            

    

    

    
      	
               
      

            	
              (iv)

            	
              take
      all other actions reasonably necessary or advisable to qualify the
      Registrable Securities for sale in such jurisdictions; provided, however, that
      the Company shall not be required in connection therewith or as a
      condition thereto to:

            

    

    

    
      	
               
      

            	
              a.

            	
              qualify
      to do business in any jurisdiction where it would not otherwise be
      required to qualify but for this Section 3(d),
  or

            

    

    
      	
               
      

            	
              b.

            	
              subject
      itself to general taxation in any such jurisdiction.
   

            

    

    

    The
Company shall promptly notify the Investor who holds Registrable Securities of
the receipt by the Company of any notification with respect to the suspension of
the registration or qualification of any of the Registrable Securities for sale
under the securities or “blue sky” laws of any jurisdiction in the United States
or its receipt of actual notice of the initiation or threatening of any
proceeding for such purpose.

    

    (e)  As promptly as
practicable after becoming aware of such event, the Company shall notify
Investor in writing of the happening of any event as a result of which the
prospectus included in the Registration Statement, as then in effect, includes
an untrue statement of a material fact or omission to state a material fact
required to be stated therein or necessary to make the statements therein, in
light of the circumstances under which they were made, not misleading
(hereinafter referred to as “Registration Default”) and use
all diligent efforts to promptly prepare a supplement or amendment to such
Registration Statement and take any other necessary steps to cure the
Registration Default (which, if such Registration Statement is on Form S-3, may
consist of a document to be filed by the Company with the SEC pursuant to
Section 13(a), 13(c), 14 or 15(d) of the 1934 Act (as defined below) and to be
incorporated by reference in the prospectus) to correct such untrue statement or
omission, and make available copies of such supplement or amendment to the
Investor. The Company shall also promptly notify the Investor:

    

    
      	
               
      

            	
              (i)

            	
              When
      a prospectus or any prospectus supplement or post-effective amendment has
      been filed, and when the Registration Statement or any post-effective
      amendment has become effective;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              Of
      any request by the SEC for amendments or supplements to the Registration
      Statement or related prospectus or related
  information;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              Of
      the Company’s reasonable determination that a post-effective amendment to
      the Registration Statement would be
appropriate;

            

    

    
      
         

      

      
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              (iv)

            	
              In
      the event the Registration Statement is no longer effective; and /
      or

            

    

    

    
      	
               
      

            	
              (v)

            	
              If
      the Registration Statement is stale as a result of the Company’s failure
      to timely file its financials or
otherwise.

            

    

    

    The
Company acknowledges that its failure to cure the Registration Default within
ten (10) business days will cause the Investor to suffer damages in an amount
that will be difficult to ascertain.  Accordingly, the
parties agree that it is appropriate to include a provision for liquidated
damages.  The parties acknowledge and agree that the liquidated damages
provision set forth in this section represents the parties’ good faith effort to
quantify such damages and, as such, agree that the form and amount of such
liquidated damages are reasonable and will not constitute a penalty.  It is the intention of
the parties that interest payable under any of the terms of this Agreement shall
not exceed the maximum amount permitted under any applicable law. If a law,
which applies to this Agreement, which sets the maximum interest amount, is
finally interpreted so that the interest in connection with this Agreement
exceeds the permitted limits, then: (1) any such interest shall be
reduced by the amount necessary to reduce the interest to the permitted limit;
and (2) any sums already
collected (if any) from the Company which exceed the permitted limits will be
refunded to the Company.  The Investor may choose to make this refund by
reducing the amount that the Company owes under this Agreement or by making a
direct payment to the Company.  If a refund reduces the amount that the
Company owes the Investor, the reduction will be treated as a partial payment.
 

    

    (f)  The Company shall
use all commercially reasonable efforts to prevent the issuance of any stop
order or other  suspension of effectiveness of the Registration Statement,
or the suspension of the qualification of any of the Registrable Securities for
sale in any jurisdiction and, if such an order or suspension is issued,  to
obtain the withdrawal of such order or suspension at the earliest possible
moment and to notify the Investor holding Registrable Securities being sold of
the issuance of such order and the  resolution thereof or its receipt of
actual notice of the initiation or threat of any proceeding concerning the
effectiveness of the registration statement.

    

    (g)  The Company shall
permit the Investor and one (1) legal counsel, designated by the Investor, to
review and comment upon the Registration Statement and all amendments and
supplements thereto at least one (1) calendar day prior to their filing with the
SEC.  However, any postponement of a filing of a Registration Statement or
any postponement of a request for acceleration or any postponement of the
effective date or effectiveness of a Registration Statement by written request
of the Investor (collectively, the "Investor's Delay") shall not act to trigger
any penalty of any kind, or any cash amount due or any in-kind amount due the
Investor from the Company under any and all agreements of any nature or kind
between the Company and the Investor.  The event(s) of an Investor's Delay
shall act to suspend all obligations of any kind or nature of the Company under
any and all agreements of any nature or kind between the Company and the
Investor.   

    
      
         

      

      
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    (h)  The Company shall
hold in confidence and not make any disclosure of information concerning the
Investor unless:

    

    
      	
               
      

            	
              (i)

            	
              Disclosure
      of such information is necessary to comply with federal or state
      securities laws;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              The
      disclosure of such information is necessary to avoid or correct a
      misstatement or omission in any Registration
  Statement;

            

    

    

    
      	
               
      

            	
              (iii)

            	
              The
      release of such information is ordered pursuant to a subpoena or other
      final, non-appealable order from a court or governmental body of competent
      jurisdiction; or

            

    

    

    
      	
               
      

            	
              (iv)

            	
              Such
      information has been made generally available to the public other than by
      disclosure in violation of this Agreement or any other
      agreement.

            

    

    

    The
Company agrees that it shall, upon learning that disclosure of such information
concerning the Investor is sought in or by a court or governmental body of
competent jurisdiction or through other means, give prompt written notice to the
Investor and allow the Investor, at the Investor’s expense, to undertake
appropriate action to prevent disclosure of, or to obtain a protective order
covering such information.

    

    (i)  The Company shall
use all commercially reasonable efforts to maintain designation and quotation of
all the Registrable Securities covered by any Registration Statement on the
Principal Market.  If, despite the Company’s commercially reasonable
efforts, the Company is unsuccessful in satisfying the preceding sentence, it
shall use commercially reasonable efforts to cause all the Registrable
Securities covered by any Registration Statement to be listed on each other
national securities exchange and automated quotation system, if any, on which
securities of the same class or series issued by the Company are then listed, if
any, if the listing of such Registrable Securities is then permitted under the
rules of such exchange or system.  The Company shall pay all fees and
expenses in connection with satisfying its obligation under this Section
3(i).

    

    (j)  The Company shall
cooperate with the Investor to facilitate the prompt preparation and delivery of
certificates representing the Registrable Securities to be offered pursuant to
the Registration Statement and enable such certificates to be in such
denominations or amounts, as the case may be, as the Investor may reasonably
request (and after any sales of such Registrable Securities by the Investor,
such certificates not bearing any restrictive legend).

    

    (k)  Intrawest Transfer
Company, Inc., the current transfer agent of the Company, with a mailing address
of 1981 Murray Holladay road, Suite 100, Salt Lake city, UT 84117 and a
facsimile number of 801-277-3147 will serve as transfer agent for all the
Registrable Securities.

    
      
         

      

      
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    (l)  If requested by the
Investor, the Company shall:

    

    
      	
               
      

            	
              (i)

            	
              As
      soon as reasonably practical incorporate in a prospectus supplement or
      post-effective amendment such information as the Investor reasonably
      determines should be included therein relating to the sale and
      distribution of Registrable Securities, including, without limitation,
      information with respect to the offering of the Registrable Securities to
      be sold in such offering;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              Make
      all required filings of such prospectus supplement or post-effective
      amendment as soon as reasonably possible after being notified of the
      matters to be incorporated in such prospectus supplement or post-effective
      amendment; and

            

    

    

    
      	
               
      

            	
              (iii)

            	
              Supplement
      or make amendments to any Registration Statement if reasonably requested
      by the Investor.

            

    

    

    (m)  The Company shall
use all commercially reasonable efforts to cause the Registrable Securities
covered by the applicable Registration Statement to be registered with or
approved by such other governmental agencies or authorities as may be necessary
to facilitate the disposition of such Registrable Securities.

    

    (n)  The Company shall
otherwise use all commercially reasonable efforts to comply with all applicable
rules and regulations of the SEC in connection with any registration
hereunder.

    

    (o)  Within one (1)
business day after the Registration Statement which includes Registrable
Securities is declared effective by the SEC, the Company shall deliver to the
transfer agent for such Registrable Securities, with copies to the Investor,
confirmation that such Registration Statement has been declared effective by the
SEC.

    

    (p)  The Company shall
take all other reasonable actions necessary to expedite and facilitate
disposition by the Investor of Registrable Securities pursuant to the
Registration Statement.

    

    Section
4.  OBLIGATIONS
OF THE INVESTOR.

    

    (a)  At least five (5)
calendar days prior to the first anticipated filing date of the Registration
Statement  the Company shall notify the Investor in writing of the
information the Company requires from the Investor for the Registration
Statement.  It shall be a condition precedent to the obligations of the
Company to complete the registration pursuant to this Agreement with respect to
the Registrable Securities and the Investor agrees to furnish to the Company
that information regarding itself, the Registrable Securities and the intended
method of disposition of the Registrable Securities as shall reasonably be
required to effect the registration of such Registrable Securities and the
Investor shall execute such documents in connection with such registration as
the Company may reasonably request.  The Investor covenants and agrees
that, in connection with any sale of Registrable Securities by it pursuant to
the Registration Statement, it shall comply with the “Plan of Distribution”
section of the then current prospectus relating to such Registration
Statement.

    
      
         

      

      
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    (b)  The Investor, by its
acceptance of the Registrable Securities, agrees to cooperate with the Company
as reasonably requested by the Company in connection with the preparation and
filing of any Registration Statement hereunder, unless the Investor has notified
the Company in writing of an election to exclude all of the Investor’s
Registrable Securities from such Registration Statement.

    

    (c)  The Investor agrees
that, upon receipt of written notice from the Company of the happening of any
event of the kind described in Section 3(f) or the first sentence of 3(e), the
Investor will immediately discontinue disposition of Registrable Securities
pursuant to any Registration Statement(s) covering such Registrable Securities
until the Investor’s receipt of the copies of the supplemented or amended
prospectus contemplated by Section 3(f) or the first sentence of
3(e).

    

    Section 5.  EXPENSES
OF REGISTRATION.

    

    All
expenses, other than underwriting discounts and commissions and other than as
set forth in the Investment Agreement, incurred in connection with or in any way
related to registrations including comments, filings or qualifications pursuant
to Sections 2 and 3, including, without limitation, all registration, listing
and qualifications fees, printing and accounting fees, and fees and
disbursements of counsel for the Company shall be paid by the
Company.

    

    Section 6.  INDEMNIFICATION.

    

    In the
event any Registrable Securities are included in the Registration Statement
under this Agreement:

    

    (a)  To the fullest
extent permitted by law, the Company, under this Agreement, will, and hereby
does, indemnify, hold harmless and defend the Investor who holds Registrable
Securities, the directors, officers, partners, employees, counsel, agents,
representatives of, and each Person, if any, who controls, any Investor within
the meaning of the 1933 Act or the Securities Exchange Act of 1934, as amended
(hereinafter referred to as the “1934 Act”) (each, hereinafter referred to as an
“Indemnified Person”), against any and all losses, claims, damages, liabilities,
judgments, fines, penalties, charges, costs, attorneys’ fees, amounts paid in
settlement or expenses, joint or several (collectively, hereinafter referred to
as “Claims”), incurred in investigating, preparing or defending any action,
claim, suit, inquiry, proceeding, investigation or appeal taken from the
foregoing by or before any court or governmental, administrative or other
regulatory agency, body or the SEC, whether pending or threatened, whether or
not an indemnified party is or may be a party thereto (hereinafter referred to
as “Indemnification Damages”), to which any of them may become subject insofar
as such Claims (or actions or proceedings, whether commenced or threatened, in
respect thereof) arise out of or are based upon:

    
      
         

      

      
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              (i)

            	
              Any
      untrue statement or alleged untrue statement of a material fact in the
      Registration Statement or any post-effective amendment thereto or in any
      filing made in connection with the qualification of the offering under the
      securities or other “blue sky” laws of any jurisdiction in which the
      Investor has requested in writing that the Company register or qualify the
      Shares (hereinafter referred to as “Blue Sky Filing”), or the omission or
      alleged omission to state a material fact required to be stated therein or
      necessary to make the statements therein, in light of the circumstances
      under which the statements therein were made, not
    misleading;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              Any
      untrue statement or alleged untrue statement of a material fact contained
      in the final prospectus (as amended or supplemented, if the Company files
      any amendment thereof or supplement thereto with the SEC) or the omission
      or alleged omission to state therein any material fact necessary to make
      the statements made therein, in light of the circumstances under which the
      statements therein were made, not misleading,
or

            

    

    

    
      	
               
      

            	
              (iii)

            	
              Any
      violation or alleged violation by the Company of the 1933 Act, the 1934
      Act, any other law, including, without limitation, any state securities
      law, or any rule or regulation thereunder relating to the offer or sale of
      the Registrable Securities pursuant to the Registration Statement (the
      matters in the foregoing clauses (i) through (iii) being, collectively,
      hereinafter referred to as “Violations”).
 

            

    

    

    Subject
to the restrictions set forth in Section 6(c) the Company shall reimburse the
Investor and each such controlling person, promptly as such expenses are
incurred and are due and payable, for any reasonable legal fees or other
reasonable expenses incurred by them in connection with investigating or
defending any such Claim. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section
6(a):

    

    
      	
               
      

            	
              (i)

            	
              Shall
      not apply to a Claim arising out of or based upon a Violation which is due
      to the inclusion in the Registration Statement of the information
      furnished to the Company by any Indemnified Person expressly for use in
      connection with the preparation of the Registration Statement or any such
      amendment thereof or supplement
thereto;

            

    

    

    
      	
               
      

            	
              (ii)

            	
              Shall
      not be available to the extent such Claim is based
  on:

            

    

    

    
      	
               
      

            	
              a.

            	
              A
      failure of the Investor to deliver or to cause to be delivered the
      prospectus made available by the Company;
or

            

    

    

    
      	
               
      

            	
              b.

            	
              The
      Indemnified Person’s use of an incorrect prospectus despite being promptly
      advised in advance by the Company in writing not to use such incorrect
      prospectus; or 

            

    

    
      
         

      

      
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              c.

            	
              Any
      claims based on the manner of sale of the Registrable Securities by the
      Investor or of the Investor’s failure to register as a dealer under
      applicable securities laws; or

            

    

    

    
      	
               
      

            	
              d.

            	
              Any
      omission of the Investor to notify the Company of any material fact that
      should be stated in the Registration Statement or prospectus relating to
      the Investor or the manner of sale;
or

            

    

    

    
      	
               
      

            	
              e.

            	
              Any
      amounts paid in settlement of any Claim if such settlement is effected
      without the prior written consent of the Company, which consent shall not
      be unreasonably withheld. Such indemnity shall remain in full force and
      effect regardless of any investigation made by or on behalf of the
      Indemnified Person and shall survive the resale of the Registrable
      Securities by the Investor pursuant to the Registration
      Statement. 

            

    

    

    (b)  In connection with
any Registration Statement in which Investor is participating, the Investor
agrees to severally and jointly indemnify, hold harmless and defend, to the
 same extent and in the same manner as is set forth in Section 6(a), the
Company, each of its  directors, each of its officers who signs the
Registration Statement, each Person, if any, who controls the Company within the
meaning of the 1933 Act or the 1934 Act and the Company’s agents (collectively
and together with an Indemnified Person, hereinafter referred to as an “Indemnified Party”),
against any Claim or Indemnified Damages to which any of them may become
subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim or
Indemnified Damages arise out of or are based upon any Violation, in each case
to the extent, and only to the extent, that such Violation is due to the
inclusion in the Registration Statement of the written information furnished to
the Company by the Investor expressly for use in connection with such
Registration Statement; and, subject to Section 6(c), the Investor will
reimburse any legal or other expenses reasonably incurred by them in connection
with investigating or defending any such Claim; provided, however, that the
indemnity agreement contained in this Section 6(b) and the agreement with
respect to contribution contained in Section 7 shall not apply to amounts paid
in settlement of any Claim if such settlement is effected without the prior
written consent of the Investor, which consent shall not be unreasonably
withheld; provided, further, however, that the Investor shall only be liable
under this Section 6(b) for  that amount of a Claim or Indemnified Damages
as does not exceed the net proceeds to such Investor as a result of the sale of
Registrable Securities pursuant to such Registration Statement.  Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of such Indemnified Party and shall survive the resale of
the Registrable Securities by the Investor pursuant to the Registration
Statement. Notwithstanding anything to the contrary contained herein, the
indemnification agreement contained in this Section 6(b) with respect to any
preliminary prospectus shall not inure to the benefit of any Indemnified Party
if the untrue statement or omission of material fact contained in the
preliminary prospectus were corrected on a timely basis in the prospectus, as
then amended or supplemented.  This indemnification provision shall apply
separately to each Investor and liability hereunder shall not be joint and
several. 

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    (c)  Promptly after
receipt by an Indemnified Person or Indemnified Party under this Section 6 of
notice of the commencement of any action or proceeding (including any
governmental action or proceeding) involving a Claim, such Indemnified Person or
Indemnified Party shall, if a Claim in respect thereof is to be made against any
indemnifying party under this Section 6, deliver to the indemnifying party a
written notice of the commencement thereof, and the indemnifying party shall
have the right to participate in, and, to the extent the indemnifying party so
desires, jointly with any other indemnifying party similarly noticed, to assume
control of the defense thereof with counsel mutually satisfactory to the
indemnifying party and the Indemnified Person or the Indemnified Party, as the
case may be; provided, however, that an Indemnified Person or Indemnified Party
shall have the right to retain its own counsel with the fees and expenses to be
paid by the indemnifying party, if, in the reasonable opinion of counsel
retained by the Indemnified Person or Indemnified Party, the representation by
counsel of the Indemnified Person or Indemnified Party and the indemnifying
party would be inappropriate due to actual or potential differing interests
between such Indemnified Person or Indemnified Party and any other party
represented by such counsel in such proceeding.  The indemnifying party
shall pay for only one (1) separate legal counsel for the Indemnified Persons or
the Indemnified Parties, as applicable, and such counsel shall be selected by
the Investor, if the Investor is entitled to indemnification hereunder, or the
Company, if the Company is entitled to indemnification hereunder, as applicable.
 The Indemnified Party or Indemnified Person shall cooperate fully with the
indemnifying party in connection with any negotiation or defense of any such
action or Claim by the indemnifying party and shall furnish to the indemnifying
party all information reasonably available to the Indemnified Party or
Indemnified Person which relates to such action or Claim.  The indemnifying
party shall keep the Indemnified Party or Indemnified Person fully apprised at
all times as to the status of the defense or any settlement negotiations with
respect thereto.  No indemnifying party shall be liable for any settlement
of any action, claim or proceeding affected without its written consent,
provided, however, that the indemnifying party shall not unreasonably withhold,
delay or condition its consent. No indemnifying party shall, without the consent
of the Indemnified Party or Indemnified Person, consent to entry of any judgment
or enter into any settlement or other compromise which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party or Indemnified Person of a release from all liability in
respect to such Claim.  Following indemnification as provided for
hereunder, the indemnifying party shall be subrogated to all rights of the
Indemnified Party or Indemnified Person with respect to all third parties, firms
or corporations relating to the matter for which indemnification has been made.
 The failure to deliver written notice to the indemnifying party within a
reasonable time of the commencement of any such action shall not relieve such
indemnifying party of any liability to the Indemnified Person or Indemnified
Party under this Section 6, except to the extent that the indemnifying party is
prejudiced in its ability to defend such action.

    

    (d)  The indemnity
agreements contained herein shall be in addition to (i) any cause of action or
similar right of the Indemnified Party or Indemnified Person against the
indemnifying party or others, and (ii) any liabilities the
indemnifying party may be subject to pursuant to the law.

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    Section
7.  CONTRIBUTION.

    

    To the
extent any indemnification by an indemnifying party is prohibited or limited by
law, the indemnifying party agrees to make the maximum contribution with respect
to any amounts for which it would otherwise be liable under Section 6 to the
fullest extent permitted by law; provided, however, that:
(i) no contribution
shall be made under circumstances where the maker would not have been liable for
indemnification under the fault standards set forth in Section 6; (ii) no seller of Registrable
Securities guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the 1933 Act) shall be entitled to contribution from any seller of
Registrable Securities who was not guilty of fraudulent misrepresentation; and
(iii) contribution by
any seller of Registrable Securities shall be limited in amount to the net
amount of proceeds received by such seller from the sale of such Registrable
Securities.

    

    Section 8.  REPORTS
UNDER THE 1934 ACT.

    

    With a
view to making available to the Investor the benefits of Rule 144 promulgated
under the 1933 Act or any other similar rule or regulation of the SEC that may
at any time permit the Investor to sell securities of the Company to the public
without registration (“Rule 144”), provided
that the Investor holds any Registrable Securities are eligible for resale under
Rule 144 (k), the Company agrees to:

    

    
      	
               
      

            	
              (a)

            	
              Make
      and keep public information available, as those terms are understood and
      defined in Rule 144; and

            

    

    

    
      	
               
      

            	
              (b)

            	
              File
      with the SEC in a timely manner all reports and other documents required
      of the Company under the 1933 Act and the 1934 Act so long as the Company
      remains subject to such requirements (it being understood that nothing
      herein shall limit the Company’s obligations under Section 5(c) of the
      Investment Agreement) and the filing of such reports and other documents
      is required for the applicable provisions of Rule 144;
  and

            

    

    

    
      	
               
      

            	
              (c)

            	
              Furnish
      to the Investor, promptly upon
request:

            

    

    

    
      	
               
      

            	
              i.

            	
              A
      written statement by the Company that it has complied with the reporting
      requirements of Rule 144, the 1933 Act and the 1934
  Act,

            

    

    

    
      	
               
      

            	
              ii.

            	
              A
      copy of the most recent annual or quarterly report of the Company and such
      other reports and documents so filed by the Company,
  and

            

    

    

    
      	
               
      

            	
              iii.

            	
              such
      other information as may be reasonably requested to permit the Investor to
      sell such securities pursuant to Rule 144 without
      registration.

            

    

    

    Section
9.  NO ASSIGNMENT
OF REGISTRATION RIGHTS.

    

    The
rights and obligations under this Agreement shall not be
assignable.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    Section
10.  AMENDMENT OF
REGISTRATION RIGHTS.

    

    The
provisions of this Agreement may be amended only with the written consent of the
Company and Investor.  

    

    Section
11.  MISCELLANEOUS.

    

    (a)  Any notices or other
communications required or permitted to be given under the terms of this
Agreement that must be in writing will be deemed to have been delivered (i) upon receipt, when
delivered personally; (ii)
upon receipt, when sent by facsimile (provided a confirmation of
transmission is mechanically or electronically generated and kept on file by the
sending party); or (iii)
one (1) day after deposit with a nationally recognized overnight delivery
service, in each case properly addressed to the party to receive the same.
 The addresses and facsimile numbers for such communications shall
be:

    

    If to the
Company: 

    

    China
Kangtai Cactus, Bio-Tech, Inc.

    Attention:
Chief Executive Officer

    99 Taibei
Road

    Limin
Economic and Technological Development Zone

    Harbin,
Heilongjiang Province, People’s Republic of China

    Phone:
86.451.5735.1189

    Facsimile:
86.451.5735.1551

    

    With a
copy to:

    

    The Crone
Law Group

    101
Montgomery Street, Suite 1950

    San
Francisco, CA  94104

    FAX:
415.955.8910

    

    If to the
Investor:

    

    Kodiak
Capital Group, LLC

    One
Columbus Place

    25th
Floor

    New York,
NY 10019

    212.262.2600
Telephone:

    212.262.2601
Facsimile

    

    Each
party shall provide five (5) business days prior notice to the other party of
any change in address, phone number or facsimile number.

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    (b)  Failure of any party
to exercise any right or remedy under this Agreement or otherwise, or delay by a
party in exercising such right or remedy, shall not operate as a waiver
thereof.

    

    (c)   This Agreement
and the Transaction Documents constitute the entire agreement among the parties
hereto with respect to the subject matter hereof and thereof.  There are no
restrictions, promises, warranties or undertakings, other than those set forth
or referred to herein and therein.

    

    (d)  This Agreement and
the Transaction Documents supersede all prior agreements and understandings
among the parties hereto with respect to the subject matter hereof and
thereof.

    

    (e)  The headings in this
Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof.  Whenever required by the context of this
Agreement, the singular shall include the plural and masculine shall include the
feminine.  This Agreement shall not be construed as if it had been prepared
by one of the parties, but rather as if all the parties had prepared the
same.

    

    (f)  This Agreement may
be executed in two or more identical counterparts, each of which shall be deemed
an original but all of which shall constitute one and the same agreement.
 This Agreement, once executed by a party, may be delivered to the other
party hereto by facsimile transmission of a copy of this Agreement bearing the
signature of the party so delivering this Agreement.

    

    (g)  Each party shall do
and perform, or cause to be done and performed, all such further acts and
things, and shall execute and deliver all such other agreements, certificates,
instruments and documents, as the other party may reasonably request in order to
carry out the intent and accomplish the purposes of this Agreement and the
consummation of the transactions contemplated hereby.

    

    (h) In case any provision of
this Agreement is held by a court of competent jurisdiction to be excessive in
scope or otherwise invalid or unenforceable, such provision shall be adjusted
rather than voided, if possible, so that it is enforceable to the maximum extent
possible, and the validity and enforceability of the remaining provisions of
this Agreement will not in any way be affected or impaired thereby. The normal
rule of construction and contractual interpretation that ambiguities should be
held against the drafting party is not operative under this
agreement.

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    Section
12.  DISPUTES
SUBJECT TO ARBITRATION GOVERNED BY NEW YORK LAW

    

    All
disputes arising under this agreement shall be governed by and interpreted in
accordance with the laws of the State of New York without regard to principles
of conflict of laws.  The parties to this agreement will submit all
disputes arising under this agreement to arbitration in New York City, State of
New York before a single arbitrator of the American Arbitration Association
(“AAA”).  The arbitrator shall be selected by application of the rules of
the AAA, or by mutual agreement of the parties, except that such arbitrator
shall be an attorney admitted to practice law in New York, New York.  No
party to this agreement will challenge the jurisdiction or venue provisions as
provided in this section.  Nothing contained herein shall prevent the party
from obtaining an order to compel arbitration under NY CPLR Article 75. Nothing
contained herein shall prevent the party from obtaining injunctive
relief.

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    SIGNATURE
PAGE OF REGISTRATION RIGHTS AGREEMENT

     

    Your
signature on this Signature Page evidences your agreement to be bound by the
terms and conditions of the Investment Agreement and the Registration Rights
Agreement as of the date first written above.  The undersigned
signatory hereby certifies that he has read and understands the Registration
Rights Agreement, and the representations made by the undersigned in this
Registration Rights Agreement are true and accurate, and agrees to be bound by
its terms.

    

    
      
        
          	
                  KODIAK
      CAPITAL GROUP, LLC

                
	 
      
	
                  /S/ Ryan Hodson

                
	
                  Ryan
      Hodson, Managing Director

                
	 
      
	
                  CHINA
      KANGTAI CACTUS BIO-TECH, INC.

                
	 
      
	
                  /S/ Jinjiang Wang

                
	
                  Jinjiang
      Wang, President and
CEO

                

        

      

    

    
      
         

      

      
        17SMART
LEAD ENTERPRISES LIMITED

    

    and

    

    MobiZone
Holdings Limited

    

    Share
Transfer Agreement

    

    2010年[ ]月[ ]日

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TABLE
OF CONTENTS

    

    
      
        	
                ARTICLE 1

              	
                DEFINITION

              	
                4

              
	 
      	 
      	 
      
	
                ARTICLE
      2

              	
                SHARE
      TRANSFER

              	
                6

              
	 
      	 
      	 
      
	
                ARTICLE
      3

              	
                TRANSFER
      CONSIDERATION AND CLOSING; ADJUSTMENT TO THE TRANSFER
PRICE

              	
                6

              
	 
      	 
      	 
      
	
                ARTICLE
      4

              	
                REPRESENTATIONS,
      COVENANTS AND WARRANTS OF EACH PARTY

              	
                10

              
	 
      	 
      	 
      
	
                ARTICLE
      5

              	
                BOARD
      OF DIRECTORS AND MANAGEMENT

              	
                14

              
	 
      	 
      	 
      
	
                ARTICLE
      6

              	
                DEFAULT
      AND INDEMNIFICATION

              	
                15

              
	 
      	 
      	 
      
	
                ARTICLE
      7

              	
                TERMINATION

              	
                15

              
	 
      	 
      	 
      
	
                ARTICLE
      8

              	
                FORCE
      MAJEURE

              	
                16

              
	 
      	 
      	 
      
	
                ARTICLE 9

              	
                CONFIDENTIALITY

              	
                17

              
	 
      	 
      	 
      
	
                ARTICLE 10 

              	
                MISCELLANEOUS

              	
                18

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Share
Transfer Agreement

    

    This
Share Transfer Agreement (“Agreement”) is entered into on
June [   ], 2010 (“Execution Date”) in
[   ] by and between the following parties:

    

    
      
        	
                (1)

              	
                Smart Lead Enterprises
      Limited (the “Transferor”), a
      limited liability company duly incorporated and validly existing under the
      laws of the British Virgin Islands with its address at P.O. Box 3444, Road
      Town, Tortola, British Virgin Islands;
and

              

      

    

    

    
      
        	
                (2)

              	
                MobiZone Holdings
      Limited, (the “Transferee”), a limited
      liability company duly incorporated and validly existing under the laws of
      Cayman Islands with its address at 7A-D Hong Kong Industrial Building,
      444-452 Des Voeux Road West, Hong
Kong.

              

      

    

    

    In this
Agreement, the forgoing parties shall be hereinafter referred to as a “Party”
respectively, and as the “Parties collectively.

    

    Whereas

    

    
      	
              A.

            	
              The
      Transferor is a limited liability company incorporated in the British
      Virgin Islands, which acquires various licenses of mobile phone game and
      entertainment product trough authorized license and conducts value-add
      telecommunication business regarding to mobile phone in Mainland
      China;

            

    

    

    
      	
              B.

            	
              The
      Transferor has executed the following agreements with Hunan Internet and
      Value-add Business Department of China Telecom Corporation Limited (“Hunan
      Telecom”):

            

    

    

    1. The
Mobile Value-add Business (JAVA game, 3G mobile phone game and intelligent 3G
mobile phone game platform business ) Cooperation Agreement  executed
on April 29, 2009; and

    

    2. August
19, 2009: The Game Business Authorization and Agent Agreement of Smart Lead
Enterprises Limited (above agreements shall be collectively referred to as
“Hunan Telecom
Contracts”).

    

    
      	
              C.

            	
              Viva
      Red Company Limited (“Viva Red”) is a limited
      liability company duly incorporated and validly existing under the laws of
      the British Virgin Islands with its address at P.O. Box 3444, Road Town,
      Tortola, British Virgin Islands; As of the Execution Date, 100% of the
      Viva Red is held by the Transferor

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              D.

            	
              On
      7th
      July, 2010, the Transferor and the Viva Red entered into a Business
      Transfer Agreement, subject to which, the Transferor will transfer to Viva
      Red the business contemplated under Hunan Telecom Contracts;
      and

            

    

    

    
      	
              E.

            	
              The
      Transferor agrees to transfer 51% shares of Viva Red as now held to
      MobiZone according to terms and conditions of this Agreement, and MobiZone
      agrees to acquire such shares subject to terms and conditions of this
      Agreement.

            

    

    

    Whereby,
the Parties conclude terms hereof as follows:

     

    Article
1 Definition

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          1.1

                                        	
                                          Transferor

                                        	
                                          means

                                        	
                                          Smart
      Lead Enterprises Limited

                                        
	 	 	 	 
	
                                          1.2

                                        	
                                          MobiZone
      or Transferee

                                        	
                                          means

                                        	
                                          MobiZone
      Holdings Limited

                                        
	 	 	 	 
	
                                          1.3

                                        	
                                          Viva
      Red

                                        	
                                          means

                                        	
                                          Viva
      Red Company Limited

                                        
	 	 	 	 
	
                                          1.4

                                        	
                                          Objective
      Shares

                                        	
                                          means

                                        	
                                          51%
      shares of Viva Red currently held by the Transferor and proposed to be
      transferred to MobiZone, including ownership, interests distribution
      right, assets distribution right and other rights shall be owned by
      shareholders of the Viva Red according to Articles of Association and
      applicable laws.

                                        
	 	 	 	 
	
                                          1.5

                                        	
                                          Transfer
      of Objective Shares

                                        	
                                          means

                                        	
                                          the
      Transferor transfer the Objective Shares as now held to
      MobiZone according to this Agreement

                                        
	 	 	 	 
	
                                          1.6

                                        	
                                          Closing
      Date

                                        	
                                          means

                                        	
                                          The
      date on which the Objective Shares are transferred according to Article
      3.6 hereof, and the MobiZone shall pay the price of the second installment
      to the Transferee on the Closing Date.

                                        
	 	 	 	 
	
                                          1.7

                                        	
                                          Mainland
      China

                                        	
                                          means

                                        	
                                          The
      territory within PRC, except for Hong Kong Special Administrative Region,
      Macau Special Administrative Region and Taiwan

                                        
	 	 	 	 
	
                                          1.8

                                        	
                                          Transfer
      Consideration

                                        	
                                          means

                                        	
                                          The
      price of the Objective Shares transferred by the Transferor to MobiZone,
      which shall be adjusted according to Article 3.9 hereof, details please
      refer to Articles 3 of this Agreement,

                                        
	 	 	 	 
	
                                          1.9

                                        	
                                          Cash
      Consideration

                                        	
                                          means

                                        	
                                          The
      cash payment in Transfer Consideration, the total amount of which shall be
      US$1,000,000

                                        
	 	 	 	 
	
                                          1.10

                                        	
                                          First
      Cash Consideration

                                        	
                                          means

                                        	
                                          49%
      of Cash Consideration, please refer to Article 3.3
  hereof

                                        

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      
        	
                1.11

              	
                Second
      Cash Consideration

              	
                means

              	
                51%
      of the Cash Consideration with deducting RMB1,000,000 of the deposit paid
      by MobiZone subject to Article 3.2 of this Agreement, which shall by paid
      at the Closing Date

              
	 	 	 	 
	
                1.12

              	
                Stock
      Consideration

              	
                means

              	
                Stock
      of the MobiZone’s parent company in Transfer Consideration, amounting to
      1,200,000 shares, the total value of which is
  US$3,000,000

              
	 	 	 	 
	
                1.13

              	
                Audit
      Report

              	
                means

              	
                Any
      Audit Report with respect to conducting audit to Viva Red, which is
      issued by accounting firm designated by
  MobiZone 

              
	 	 	 	 
	
                1.14

              	
                Hunan
      Telecom Contracts

              	
                means

              	
                Contracts
      set forth in part B of Whereas articles of this
  Agreement

              
	 	 	 	 
	
                1.15

              	
                Business
      Transfer Agreement

              	
                means

              	
                Business
      Transfer Agreement executed by the Transferor and Viva Red on
      [  ], 2010, attached as Exhibit 2 hereof

              
	 	 	 	 
	
                1.16

              	
                Transferred
      Business

              	
                means

              	
                Any
      and all the businesses contemplated under Hunan Contracts and transferred
      to Viva Red by the Transferor according to Business Transfer
      Agreement

              
	 	 	 	 
	
                1.17

              	
                Intellectual
      Property

              	
                means

              	
                Any
      and all the Intellectual Property licensed to Viva Red subject
      to Business Transfer Agreement, including but not limited to all the
      games, procedure, software copyright, platform, domain name and trademark
      for engaging in the business proposed to be transferred, including
      but not limited to the domain name and use right of 189 game mall
      website

              
	 	 	 	 
	
                1.18

              	
                WFOE

                 

              	
                means

              	
                A
      wholly foreign owned enterprise established or acquired by Viva Red in
      Mainland China, which shall control the domestic company through
      contractual controlling.

              
	 	 	 	 
	
                1.19

              	
                Domestic
      Company

              	
                means

              	
                A
      domestic company contractually controlled by the WFOE which is established
      or acquired by Viva Red in Mainland China. Such Domestic Company has all
      the governmental approval, registration, permit, authorization and license
      required to engage in the Business Proposed to be Transferred, including
      but not limited to the valid Value-add Telecom Business Operation
      Certificate with respect to engaging in the transferred business; the
      domestic company can be Shenzhen Alar Technology Limited (深圳市明宣科技有限公司)
      or other company designated by MobiZone 

              

      

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
              1.20

            	
              MobiZone’s
      Parent Company

            	
              means

            	
              MoqiZone
      Holding Corporation, an US listing company (OTCBB: MOQZ), who own 100%
      shares of MobiZone on the date hereof

            
	 	 	 	 
	
              1.21

            	
              Security
      Interest

            	
              means

            	
              Any
      mortgage, pledge, lien, limitation, priority, preemption, any third
      party’s right, any other security interest, and other prior arrangements
      in other similar forms.

            
	 	 	 	 
	
              1.22

            	
              Affiliate

            	
              means

            	
              With
      respect to a specific person, partnership, organization or entity directly
      indirectly (through one or more agent) controlling, controlled by, or
      under common control with, such Party from time to time. “Control” means
      ownership of absolute majority shares of more than 50%, or comparative
      majority shares below 50%, or dominant power trough agreements, director
      appointment and other non-agreements
way

            

    

     

    Article
2 Share Transfer

    

    
      	
              2.1

            	
              The
      Transferor agrees to transfer to MobiZone, and MobiZone agrees to acquire
      from the Transferor the objective
shares.

            

    

    

    
      	
              2.2

            	
              The
      Parties unanimously agree that, with respect to the undistributed profits
      (if any) of Viva Red before the Closing Date, including but not limited to
      any profits arising from engaging in the Business Proposed to be
      Transferred, the Transferor shall not distribute or not consent Viva Red
      to distribute such profits without written consent of
      MobiZone.

            

    

    

    
      	
              2.3

            	
              Within
      or prior to 5 business days of the execution date, Viva Red shall be
      responsible for, and the Transferor shall urge the Viva Red to, register
      the Objective Share contemplated hereunder at the registration department
      of British Virgin Islands, including but not limited to amending Register
      of Members, Register of Directors and Articles of Association (if
      required) of Viva Red, and delivery of stock corresponding to Objective
      Shares to MobiZone. The Transferor agrees to, and agrees to urge Viva Red
      to, execute any necessary document and take any necessary action, to
      ensure the consummation of the forgoing
  registration.

            

    

    

    Article
3 Transfer Consideration and Closing; Adjustment to the Transfer
Price

    

    
      	
              3.1

            	
              The
      Parties hereby agree that, the transfer price of Objective Share is
      US$4,000,000 (“Transfer
      Consideration”), including US$1,000,000 paid in cash (“Cash Consideration”) and
      common stock of MobiZone’s parent company, amounting to 1,200,000 shares
      and worth US$3,000,000 (“ Stock Consideration”).
      The Transfer Consideration shall be adjusted according to Article 3.9. The
      valuation of MobiZone’s parent company shall be calculated subject to
      US$2.5 per share. In the event of a split or combination of MobiZone’s
      parent company before Closing Date, the amount of the stock corresponding
      to Stock Consideration shall also be
adjusted.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	
              3.2

            	
              As
      of the execution of this Agreement, MobiZone shall pay RMB1,000,000. which
      is part of Cash Consideration, to the Transferor as the
      deposit.

            

    

    

    
      	
              3.3

            	
              Within
      7 business days of consummation or written waiver of the following
      conditions by MobiZone, MobiZone shall pay the First Cash Consideration,
      amounting to 49% of the total Cash Consideration and worth US$490,000, to
      the Transferor as the share transfer price of the first
      installment:

            

    

    

    
      	
               
      

            	
              (1)

            	
              This
      Agreement has been duly executed by the Parties and approved by competent
      authority of each Party; the Transferor and other parties have executed
      all the contracts, agreements and relevant documents required by the
      transfer of Objective Shares contemplated
  hereunder;

            

    

    

    
      	
               
      

            	
              (2)

            	
              The
      Shareholders’ meeting of Viva Red has passed the resolution to approve the
      transfer of Objective Shares to MobiZone, amendment of Register of
      Members, Register of Directors and Articles of Association of Viva Red,
      and delivery of  Original Stock Certificate of Viva Red, with
      respect to the Objective Shares. to
MobiZone;

            

    

    

    
      	
               
      

            	
              (3)

            	
              The
      Transferor has, cooperating with MobiZone, fished the business, finance
      and legal due diligence to Viva Red, and MobiZone has been satisfied with
      the result of such due diligence, the problems found in which has been
      resolved subject to requirement of
MobiZone;

            

    

    

    
      	
               
      

            	
              (4)

            	
              All
      the approval, registration and filing required by Objective Share has been
      completed;

            

    

    

    
      	
               
      

            	
              (5)

            	
              The
      Business Transfer Agreement has been duly executed, and as of the payment
      date of share transfer price of first installment, there is no amendment
      and termination without written consent of MobiZone, or any other default
      events, failure to performance, or any other
  changes.

            

    

    

    
      	
               
      

            	
              (6)

            	
              The
      Transferor has executed the Loan Agreement attached as Exhibit 1 of this
      Agreement with Viva Red;

            

    

    

    
      	
               
      

            	
              (7)

            	
              As
      of the payment date of share transfer price of the first installment,
      there is no material changes (e.g. changes of law, tax or market
      environment) to Viva Red, which may lead to a material adverse effect to
      financial condition, prospectus, operation performance or ordinary
      operation condition of Viva Red, or to the expected transaction
      contemplated hereunder, as well as no event and fact leading to any such
      changes or influences;

            

    

    

    
      	
               
      

            	
              (8)

            	
              Neither
      of business of Viva Red has been and will be terminated, invalid or unable
      to continue to be conducted because of the change of the shareholder of
      Viva Red.

            

    

    

    
      	
               
      

            	
              (9)

            	
              As
      of the payment date of share transfer price of first installment, the
      Transferor’s statements, representations and warrants contemplated
      hereunder shall be true, complete and
  sufficient.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              3.4

            	
              The
      Transferor agrees to execute the Loan Agreement attached as Exhibit 1
      hereof while executing this Agreement, and agrees to lend all of the First
      Cash Consideration provided in Article 3.3 to Viva Red as an operation
      expenses. MobiZone is entitled to pay directly the First Cash
      Consideration to Viva Red’s account upon informing the Transferor, which
      shall be deemed as the Transferor has performed such loan payment
      obligation contemplated under Loan
Agreement.

            

    

    

    
      	
              3.5

            	
              MobiZone
      agrees to deliver, the Second Cash Consideration, namely 51% of the Cash
      Consideration, which is US$510,000 deducting RMB1,000,000 of the
      deposit provided according to Article 3.2, to a law firm designated by the
      Transferor for escrow within 30 business days after payment of the First
      Cash Consideration, and MobiZone has the co-signature right of such escrow
      account.

            

    

    

    
      	
              3.6

            	
              Within
      7 business days of consummation or a written waiver of the following
      conditions by MobiZone, MobiZone shall pay the Second Cash Consideration,
      which has been delivered to a law form for escrow, to the Transferor. The
      date of payment of second share transfer price is the Closing Date
      hereof:

            

    

    

    
      	
               
      

            	
              (1)

            	
              the
      payment condition of the first share transfer price provided in Article
      3.3 hereof has been fully realized or waived in writing by
      MobiZone;

            

    

    

    
      	
               
      

            	
              (2)

            	
              the
      parties of Business Transfer Agreement have been fully complying with and
      performing all the provisions contemplated under such Business Transfer
      Agreement. The works of business transfer and Intellectual Property
      license provided under Business Transfer Agreement have been successfully
      completed. As of the payment date f the second share transfer price, there
      is no amendment , termination or any other default events, failure to
      perform, or any other changes without prior written consent of
      MobiZone;

            

    

    

    
      	
               
      

            	
              (3)

            	
              as
      of the payment date f the second share transfer price, the business
      transferred to Viva Red is in a good condition and operation; the
      Intellectual Property licensed to Viva Red in accordance with Business
      Transfer Agreement is in a good condition; there is no tort claim,
      default, dispute, suit, arbitration with respect to above business and
      Intellectual Property, and Viva Red, relying on such licensed Intellectual
      Property, can engage in and have engaged in the transferred business
      independently, normally and
successfully;

            

    

    

    
      	
               
      

            	
              (4)

            	
              neither
      of the business of Viva Red is terminated, invalid or unable to continue
      to be conducted because of alteration of shareholders of Viva
      Red;

            

    

    

    
      	
               
      

            	
              (5)

            	
              Hunan
      Telecom has successfully transferred all the receivables obtained by the
      Transferor subject to Hunan Telecom Contracts as of the first quarter of
      2010 to Viva Red’s account or other account designated by Viva
      Red;

            

    

    

    
      	
               
      

            	
              (6)

            	
              as
      of the payment date of the second share transfer price, the statement,
      representations and warrants made by the Transferor under this Agreement
      is true, complete and sufficient.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    If due to
the reason of MobiZone and/ or Viva Red which is actually controlled by
MobiZone, one or more of the above conditions is not fulfilled, such condition
shall be deemed as having been fulfilled.

    

    
      	
              3.7

            	
              Within
      3 months of the Closing Date, MobiZone shall pay the Stock Consideration
      to the Transferor as the third share transfer
  price:

            

    

    

    
      	
               
      

            	
              (1)

            	
              the
      payment condition of first share transfer price provide in Article 3.3 and
      the payment condition of second share transfer price provided in
      Article 3.6 have been completed fulfilled or been waived in writing by
      MobiZone

            

    

    

    
      	
               
      

            	
              (2)

            	
              Hunan
      Telecom has transferred all the receivables obtained by the Transferor
      subject to Hunan Telecom Contracts to Viva Red’s account or other accounts
      designated by Viva Red;

            

    

    

    
      	
               
      

            	
              (3)

            	
              as
      of the payment date f the third share transfer price, the business
      transferred to Viva Red is in a good condition and operation; the
      Intellectual Property licensed to Viva Red in accordance with Business
      Transfer Agreement is in a good condition; there is no tort claim,
      default, dispute, suit, arbitration with respect to above business and
      Intellectual Property; as of the payment date of the third share transfer
      price, there is no amendment , termination or any other default events,
      failure to perform, or any other changes without prior written consent of
      MobiZone;

            

    

    

    
      	
               
      

            	
              (4)

            	
              as
      of the payment date of the third share transfer price, the statement,
      representations and warrants made by the Transferor under this Agreement
      is true, complete and sufficient.

            

    

    

    If due to
the reason of MobiZone and/ or Viva Red which is actually controlled by
MobiZone, one or more of the above conditions is not fulfilled, such condition
shall be deemed as having been fulfilled.

    

    
      	
              3.8

            	
              The
      Transferor agrees to enter into a 2-year Stock Lock-up Agreement with
      respect to the stock of Article 3.7 when MobiZone pays the Stock
      Consideration of Article 3.7.

            

    

    

    
      	
              3.9

            	
              Adjustment
      of Transfer Consideration

            

    

    

    
      	
               
      

            	
              (1)

            	
              the
      Parties agree that, during the term of this Agreement, in the event of
      occurrence of the following events, MobiZone will not have the obligation
      to deliver any Cash Consideration and Stock Consideration undelivered, or
      is entitled to adjust the cash and Stock Consideration paid to Transferor
      according to the proportion of losses
incurred.

            

    

    

    (i)  the
Hunan Telecom Contract and/ or Business Transfer Agreement are amended,
terminated, cancelled, identified to be invalid, or unable to be normally
conducted, for the reason can not attributable to MobiZone and / or Viva Red
actually controlled by MobiZone;

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (ii) the
Transferor materially violates the obligations, representations, warrants or
covenants contemplated under hereunder and/ or Business Transfer Agreement, and
fails to effectively redress such default within 30 days of written notice of
MobiZone.

    

    
      	
               
      

            	
              (2)

            	
              the
      Hunan Telecom Contract and/ or Business Transfer Agreement are amended,
      terminated, cancelled, identified to be invalid, or unable to be normally
      conducted, for the reason can not attributable to MobiZone and / or
      Viva Red actually controlled by MobiZone within 2 years of the execution
      date hereof, the Transferor promises and agrees to unconditionally refund
      all the Stock Consideration paid to the Transferor by MobiZone, amounting
      to 1,200,000 common shares of MobiZone’s parent Company, in accordance
      with Article 3.7. At the same time, MobiZone shall refund 51% of shares of
      Viva Red to the Transferor.

            

    

    

    
      	
               
      

            	
              (3)

            	
              MobiZone
      shall deliver to the Transferor cash and/ or Stock Consideration adjusted
      subject to provisions hereof, which shall be deemed as MobiZone has
      completely performed the payment obligation of transfer consideration
      contemplated hereunder. The Transferor shall not, at any time, by any
      reason and in any form, require MobiZone further to issue any stock,
      deliver any cash or make any other compensation to the Transferor or any
      third party, as well as not propose any claim or request to MobiZone or
      any affiliate.

            

    

    

    
      	
              3.10

            	
              Form
      of Transfer Consideration Payment

            

    

    

    
      	
               
      

            	
              (1)

            	
              Cash
      Consideration shall be remitted into the following account by
      MobiZone in US dollar currency (except for the part that shall
      be paid to Viva Red’s account subject to Article 3.4
  )

            

    

    

    Information
of the Transferor’s account

    

    Account
Name: _______________________________

    

    Bank:
_______________________________

    

    Account
No.: _______________________________

    

    
      	
               
      

            	
              (2)

            	
              MobiZone
      shall procure its parent company to issue the Stock Consideration to the
      Transferor.

            

    

    

    
      	
              3.11

            	
              The
      Transferor shall provide MobiZone with confirmation document respect
      to receipt of share transfer price within 1 business day upon receipt of
      share transfer price of each
installment

            

    

    

    Article
4 Representations, Covenants and Warrants of Each Party

    

    
      	
              4.1

            	
              The
      Transferor, unconditionally, jointly and irrevocably make representations
      , covenants and warrants to MobiZone as follows: ( the “Viva Red ”
      referred hereunder, if applicable, shall include any and all the branch,
      subsidiaries and Domestic Company )

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (1)

            	
              the
      Transferor execute and perform this Agreement within its capacity for
      civil rights and civil conduct, and execution and performance of this
      Agreement shall not conflict, restrict and violate any applicable laws,
      regulations, Articles of Association and other constitutional documents,
      contracts, agreements and other legal documents; Upon execution, this
      Agreement shall be legally and effectively binding to the Transferor and
      shall be enforceable according
hereto;

            

    

    

    
      	
               
      

            	
              (2)

            	
              the
      Transferor shall strictly comply with all the obligations provided by
      Articles of Association, and there is no circumstance which shall
      influence the legal status of MobiZone as the shareholder of Viva
      Red;

            

    

    

    
      	
               
      

            	
              (3)

            	
              the
      Transfer has complete, valid and sufficient ownership and disposition to
      Objective Share of Viva Red held by it, and there is no circumstance of
      security interest and freeze, as well as no any disputes, suits,
      arbitration and other administrative, judicial enforcement to Objective
      Shares, and neither of any third party is able to propose any right claim
      to Objective Shares;

            

    

    

    
      	
               
      

            	
              (4)

            	
              the
      Transferor has disclose to MobiZone all the materials and information
      which may have material adverse effect to performance of obligation
      contemplated hereunder and to MobiZone’s intention of executing this
      Agreement;

            

    

    

    
      	
               
      

            	
              (5)

            	
              the
      Transferor hereby represent that, the account book and financial statement
      of Viva Red provided to MobiZone is complete and truly, fairly and
      completely reflect the financial statues and performance at the ending of
      relevant fiscal period;

            

    

    

    
      	
               
      

            	
              (6)

            	
              the
      Transferor represent that, the liabilities of Viva Red occurring before
      execution date of this Agreement (including the company liabilities
      occurring before such date, however claimed by creditor or found by
      MobiZone afterwards) shall be assumed by the Transferor, including but not
      limited to any bank loan, shareholder loan, payable salary and premium of
      employees, and payable social insurance and housing fund of employees
      (even the request to settle the said debt is raised after the Execution
      Date) ; in the event that Viva Red or MobiZone pay any price to any third
      party or assume any losses due to the forgoing debt, the Transferor shall
      indemnify jointly and severally to Viva Red or
  MobiZone;

            

    

    

    
      	
               
      

            	
              (7)

            	
              the
      Transferor represents that, Viva Red has a complete ownership and use
      right to its assets and there is no mortgage, pledge, lien, real estate
      mortgage, security interest, charge, or disputes o its assets; In the
      event that Viva Red and MobiZone pay any price or assume any losses to the
      third party due to the untrue representation, the Transferor shall
      indemnify jointly and severally to Viva Red or
  MobiZone;

            

    

    

    
      	
               
      

            	
              (8)

            	
              the
      Transferor represents that, at or prior to the execution date hereof ,
      Vive Red has not been, and will not be, involved in any claims, suits,
      arbitration, administrative penalty or other proceedings arising from
      contract performance, tort, labor, employee social insurance, welfare and
      other reasons occurred before the execution date; In the event of any
      claim, suit, arbitration, administrative penalty or other proceedings
      pending against, or any losses incurred by Viva Red and MobiZone arising
      from any third party’s request, the Transferor shall be responsible for
      responding to suit or dealing with relevant penalties or proceedings, or
      coordinate Vive Red to do the same; With respect to any price paid or
      losses assumed by the Company or MobiZone to the third party due to the
      forgoing reasons, the Transferor shall indemnify jointly and severally to
      Viva Red or MobiZone;

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (9)

            	
              the
      Transferor represents that, Viva Red never conduct any behavior violating
      applicable laws and having material adverse effect to the transactions
      contemplated hereunder. The Transferor and Viva Red never be involved in
      any pending suit, arbitration, other disputes or administrative penalties
      may having adverse effect to transactions contemplated
      hereunder;

            

    

    

    
      	
               
      

            	
              (10)

            	
              the
      Transferor represents that, as of establishment, Viva Red has been
      complying with all the tax laws and regulations, have paid all the
      taxation and charges required by taxation authorities, never received any
      reminder letters issued by taxation authority or other competent
      authorities and was never subject to any penalties, pending taxation
      investigation or dispute constituting adverse effect to transactions
      contemplated hereunder.

            

    

    

    
      	
               
      

            	
              (11)

            	
              the
      Transferor represents that, the Transferor shall strictly comply with
      taxation laws and regulations, and shall pay taxes with respect to the
      obtained Transfer Consideration contemplated
  hereunder;

            

    

    

    
      	
               
      

            	
              (12)

            	
              the
      Transferor represents that, all the patent, patent application, copyright
      (including but not limited to software copyright ), know-how (including
      industry secret and non-patent proprietary, confidential information
      system or program ), trademark, service mark and trade name (including but
      not limited to the “Intellectual Property” defined hereunder) owned by and
      relevant to the business conducted by Viva Red are legitimately owned and
      used by Viva Red; With respect to the forgoing Intellectual Property,
      neither Viva Red nor other related parties have received tort notices or
      any notice of conflicting with rights claimed by others; There is nothing
      infringement act of Viva Red, which is in the progress or may happen, to
      any patent, patent application, copyright (including but not limited to
      software copyright ), trademark, service mark and trade name registered in
      Mainland China;

            

    

    

    
      	
               
      

            	
              (13)

            	
              if
      the Transferor realizes that there is any representation, covenant or
      warrant become untrue, incomplete or inaccurate when or prior to paying
      Transfer Price of each installment, the Transferor shall inform MobiZone
      immediately and take necessary remedy measures according to reasonable
      requirement of MobiZone.

            

    

    

    
      	
               
      

            	
              (14)

            	
              the
      Transferor represents that, upon businesses under Hunan Telecom Contracts
      is transferred to Viva Red, Viva Red is entitled to normally operate
      businesses under such contracts; the Transferor may not, directly or
      indirectly, compete with any Transferred Business conducted by Viva Red
      and its subsidiaries (including the Domestic Company ), or may not impede,
      destroy and prevent operation of such Transferred Business; In the event
      that the Transferor obtain opportunities of engaging in mobile network
      value-add telecom business relevant to mobile phone game in any province
      except for Hunan and has the intention to cooperate with the other party,
      MobiZone has the priority of cooperation under same condition, and the
      details of which shall be negotiated by the
  parties.

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (15)

            	
              the
      Parties agree that, as of the execution date hereof, without prior written
      consent of MobiZone, Viva Red and it subsidiaries (including but not
      limited to the Domestic Company) may not, and the Transferor shall urge
      Viva Red not to:

            

    

    

    
      	
               
      

            	
              (i)

            	
              change
      authorized shares capital of Viva Red, alter the par value of share of
      Viva Red, issue any type of share, option, purchase right and bond of Viva
      Red, and increase, decrease or amend rights and obligations on any type of
      share of Viva Red;

            

    

    
      	
               
      

            	
              (ii)

            	
              amend
      Articles of Association or other constitutional documents of Viva
      Red

            

    

    
      	
               
      

            	
              (iii)

            	
              approve,
      change or annul any ESOP or other share purchase plan of Viva Red, or
      issue share of Viva Red to any individual or entity subject existed
      plan;

            

    

    
      	
               
      

            	
              (iv)

            	
              redemption
      of shares of Viva Red;

            

    

    
      	
               
      

            	
              (v)

            	
              approve
      or urge Viva Red to dissolve, liquidate, be bankrupt or enter into similar
      proceedings;

            

    

    
      	
               
      

            	
              (vi)

            	
              approve
      and alter business plan or financial budget of Viva
  Red;

            

    

    
      	
               
      

            	
              (vii)

            	
              alter
      and terminate conducted Transferred Business, or add other main
      businesses

            

    

    
      	
               
      

            	
              (viii)

            	
              approve
      occurrence or undertaking of debt, securities or other liabilities (except
      for business plan approved by the Board), each installment of which
      exceeds US$20,000 or annual accumulated amounts of which
      exceeds US$20,000.

            

    

    
      	
               
      

            	
              (ix)

            	
              set
      any security interest with respect to any asset, share interest of Viva
      Red;

            

    

    
      	
               
      

            	
              (x)

            	
              related
      transaction with any affiliate;

            

    

    
      	
               
      

            	
              (xi)

            	
              provide
      security of any form or assume any liability for any third
      party;

            

    

    
      	
               
      

            	
              (xii)

            	
              appoint
      and remove directors, supervisors, offices of Viva Red, decide their
      remuneration, or change constituent numbers of the
  Board;

            

    

    
      	
               
      

            	
              (xiii)

            	
              distribute
      bonus or others with respect of share of Viva
  Red;

            

    

    
      	
               
      

            	
              (xiv)

            	
              Viva
      Red conducts foreign investment of any form, or Viva Red (or its major
      asset or business) is required by any third
  party;

            

    

    
      	
               
      

            	
              (xv)

            	
              Viva
      Red transfers or license any Intellectual Property to any third party, or
      terminates any authorization or permit in aspect of Intellectual Property
      licensed by any third party;

            

    

    
      	
               
      

            	
              (xvi)

            	
              execute
      any business contract (except for business plan approved by the Board),
      the amount of which exceeds
US$100,000

            

    

    
      	
               
      

            	
              (xvii)

            	
              hire
      or dismiss auditing firm, accounting firm, investment bank of Viva
      Red

            

    

    
      	
            	
              (xviii)

            	
              terminate,
      alter, transfer or dispose in other ways the Loan Agreement attached as
      Exhibit 1, or return any loan contemplated under Loan Agreement ahead of
      schedule, or use such loan in the purpose not conforming to Loan
      Agreement;

            

    

    
      	
               
      

            	
              (xix)

            	
              terminate,
      alter, transfer or dispose in other ways the Business Transfer Agreement
      executed with the Transfer;

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (xx)

            	
              conduct
      any act or negative act which may lead to above
  provisions.

            

    

    

    
      	
               
      

            	
              (16)

            	
              Above
      representations, covenant or warrants of the Transferor is true, accurate,
      complete, sufficient, unconditional and without
  reserve.

            

    

    

    
      	
              4.2

            	
              MobiZone,
      unconditionally and irrevocably, make the following representations,
      covenants and warrants to the Transferor that, as of the Closing
      Date:

            

    

    

    
      	
               
      

            	
              (1)

            	
              MobiZone
      is a limited liability company duly incorporated and validly existing
      under the laws of Cayman Islands

            

    

    

    
      	
               
      

            	
              (2)

            	
              MobiZone
      executes and performs this Agreement within its power and has obtained
      necessary authorization of the Company, without violating laws,
      regulations, Articles of Association, other constitutional documents and
      contracts binding to it; this Agreement is legally, effectively binding to
      MobiZone, and is enforceable subject to provisions of this Agreement upon
      execution and effectiveness.

            

    

    

    
      	
               
      

            	
              (3)

            	
              MobiZone has
      not been, and will not be, involved in any pending suits, arbitration or
      other legal or administrative proceedings claimed by any third party,
      which may have a material adverse effect to the transfer of Objective
      Shares contemplated hereunder;

            

    

    

    
      	
               
      

            	
              (4)

            	
              prior
      to or at the Closing Date, in the event that MobiZone realize there is any
      representation, covenant or warrant made in this Agreement become untrue,
      incomplete or inaccurate, MobiZone shall inform the Transferor immediately
      and take necessary remedy measures according to reasonable requirement of
      the Transferor;

            

    

    

    
      	
               
      

            	
              (5)

            	
              Above
      representations, covenant or warrants of the MobiZone is true, accurate,
      complete, sufficient, unconditional and without
  reserve

            

    

    

    
      	
              4.3

            	
              The
      Transferor represents that, it will not, directly or indirectly, engage or
      invest in any business regarding to Hunan Telecom Contracts, or promote
      any third party and Hunan Telecom to engage in any business regarding to
      Hunan Telecom Contracts, and will not compete with Viva Red with respect
      to mobile phone game of Hunan.

            

    

    

    Article
5 Board of Directors and Management

    

    
      	
              5.1

            	
              Prior
      to or at the Closing, the Transferor shall urge Viva Red to amend Register
      of Directors and file the renewed Register of Directors at company
      registration authority of British Virgin Islands, to realize: Board of
      Directors of Viva Red shall consist of 3 directors, 2 of whom shall be
      appointed by MobiZone, 1 of whom shall be appointed by the Transferor. The
      Board of Directors of Viva Red may not be held, and none resolution shall
      be passed, unless at least 2 directors are at present. Issues provided in
      Article 4.1(17) shall not be passed unless consent by at least 1 director
      appointed by MobiZone

            

    

    

    
      	
              5.2

            	
              The
      constitution of the Board of any subsidiaries of Viva Red (including but
      not limited to the WFOE and Domestic Company) shall be as same as
      which of Viva Red, and shall (i) The Board of Directors may not be held,
      and none resolution shall be passed, unless at least 2 directors are at
      present; (ii) Issues provided in Article 4.1(17) shall not be passed
      unless consent by at least 1 director appointed by
    MobiZone.

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    
      	
              5.3

            	
              General
      Manager, Chief Finance Officer of any subsidiaries of Viva Red (including
      but not limited to the WFOE and Domestic Company) and the auditor shall be
      appointed by MobiZone.

            

    

    

    Article
6 Default and Indemnification

    

    
      	
              6.1

            	
              The
      Transferor shall assume a joint and several liability to any
      representation and warrant made by it; if such representation and warrant
      is not true, accurate, complete and sufficient, and such circumstance is
      realized by MobiZone prior to the payment of Share Transfer Price,
      MobiZone is entitled to refuse to pay such price (including Cash
      Consideration and Stock Consideration), if such circumstance is realized
      by MobiZone after the payment of Share Transfer Price, MobiZone is
      entitled to request the Transferor to return the paid Share Transfer
      Price, to indemnify all the expenses paid by MobiZone for this share
      purchase project (e.g. auditing fees, attorney’s fess, transfer
      formalities fees and travel expenses etc.), and to be reliable for any
      liabilities, losses incurred by MobiZone arising from such untrue,
      inaccurate, incomplete and insufficient representations and
      warrants.

            

    

    

    
      	
              6.2

            	
              As
      to any losses incurred by MobiZone, arising from any suit, arbitration,
      claim, administrative proceeding and other proceedings against MobiZone,
      with respect to or due to the Objective Share occurred before execution
      date, the Transferor shall indemnify to
MobiZone

            

    

    

    
      	
              6.3

            	
              The
      Parties of this Agreement shall perform obligations contemplated hereunder
      in good faith. Except as otherwise provided hereby, in the event that a
      Party fails to perform or violates any provision, condition , obligation,
      representation and warrant of this Agreement, the non-breaching party is
      entitled to request the breaching part to indemnify for all the losses,
      damage, suit expenses, and other expenses arising
  herefrom.

            

    

    

    
      	
              6.4

            	
              In
      the event that the Transferor distributes the undistributed profit prior
      to the execution date without written consent of MobiZone, MobiZone can
      deduct corresponding amount from the un-paid Share Transfer
      Price.

            

    

    

    Article
7 Termination

    

    
      	
              7.1

            	
              this
      Agreement shall be terminated in the event of the following
      reasons

            

    

    

    
      	
               
      

            	
              (1)

            	
              The
      Parties negotiate amicably, and consent unanimously in writing to
      terminate this Agreement;

            

    

    

    
      	
               
      

            	
              (2)

            	
              In
      the event that a Party materially violates any provision of this
      Agreement, or there is any false representation, covenant or warrant
      exists in this Agreement, the non-breaching party can issue a written
      notice to the breaching party, requesting the breaching party to
      remedy and redress such nonperformance; if the breaching party fails to
      take measures satisfying to the non-breaching party within 30 days of
      issuance of above written notice by the non-breaching, the non-breaching
      party can terminate this Agreement
immediately;

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

     

    

    
      	
               
      

            	
              (3)

            	
              Impossibility
      to performing this Agreement due to the new promulgated laws and
      regulations;

            

    

    

    
      	
               
      

            	
              (4)

            	
              Occurrence
      of Force Majeure provided in Article 8, which continues over 6 months
      and leads to an impossibility of performing this
  Agreement

            

    

    

    
      	
              7.2

            	
              Upon
      termination of this Agreement, a Party shall return relevant records,
      documents and materials submitted by the other party according hereto, to
      the submitting Party, no matter such records, documents and materials are
      submitted before or after
execution.

            

    

    

    
      	
              7.3

            	
              If
      this Agreement is terminated for consent of the Parties or a Force
      Majeure, however, the Transferor has returned all the Share Transfer Price
      obtained subject to Article 3 to MobiZone, the relationship among the
      Parties, between the Parties and Viva Red or related parties can be
      recovered to the status before execution of this Agreement: the Transferor
      can still own 100% shares of Viva
Red.

            

    

    

    
      	
              7.4

            	
              In
      the event that this agreement is terminated due to default of a Party, the
      breaching party must indemnify losses to the non-breaching party, losses
      shall include but not limited to direct losses (e.g. auditing fees,
      attorney’s fess, transfer formalities fees and travelling expenses etc.)
      and indirect interest losses.

            

    

    

    
      	
              7.5

            	
              Under
      necessary circumstances, the Parties shall jointly perform the
      registration procedures with respect to terminating this Agreement; in the
      event that relationship among the Parties, between the Parties and Viva
      Red or related parties will be recovered to the status before execution of
      this Agreement, which need the parties to otherwise execute any agreements
      and documents, the parties shall coordinate to conduct such execution. Any
      taxes and expenses arising from executing and performing this Agreement
      including but not limited to taxes and expenses with respect to the
      transfer of Objective Shares, governmental expenses, intermediary
      expensed, attorney’s fees, shall be assumed by the breaching party; if
      there is no breaching party exists, such expensed shall be assumed
      respectively by the Parties.

            

    

    

    
      	
              7.6

            	
              The
      liabilities of default compensation hereunder shall not be terminated due
      to the termination of this
Agreement.

            

    

    

    Article
8 Force Majeure

    

    
      	
              8.1

            	
              Force
      Majeure shall mean all events which are beyond the control of the Parties
      to this Agreement, and which are unforeseen, unavoidable or
      insurmountable, and which prevent total or partial performance by either
      of the Parties. Such events shall include earthquakes, typhoons, flood,
      fire, war, strikes, riots or any other instances which cannot be foreseen,
      prevented or controlled, including instances which are accepted as Force
      Majeure in general international
practice.

            

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    
      	
              8.2

            	
              n
      the event of Force Majeure occurs, a Party’s contractual obligations
      affected by such event under this Agreement shall be suspended during the
      period of delay caused by the Force Majeure without penalty or liability.
      The Party claiming Force Majeure shall promptly inform the other Party in
      writing and shall furnish within 15 days thereafter sufficient proof of
      the occurrence and duration of such Force
  Majeure.

            

    

    

    
      	
              8.3

            	
              In
      the event of Force Majeure, the Parties shall use all reasonable endeavour
      to minimize the consequences of such Force
      Majeure.

            

    

    

    
      	
              8.4

            	
              In
      the event of Force Majeure, the Parties shall consult with each other in
      order to find a equitable solution.

            

    

    

    
      	
              8.5

            	
              In
      the event that Force Majeure occurred after violating this Agreement
      by a Party, liabilities of such Party can not be exempted because of Force
      Majeure.

            

    

    

    Article
9 Confidentiality

    

    
      	
              9.1

            	
              Any
      of the Party may disclosed or need to disclose to other Parties the status
      of business, finance, other confidentiality and proprietary materials.
      Except as otherwise provided in other Confidentiality Agreement, each
      Party received above materials (including written and unwritten material,
      collectively the “Confidential Material”)
      shall:

            

    

    

    
      	
               
      

            	
              (1)

            	
              maintain
      confidentiality to the forgoing Confidential
  Material;

            

    

    

    
      	
               
      

            	
              (2)

            	
              Shall
      not disclose any Confidential Material to any third party except for
      employees of the Parties who need to know the Confidential Material for
      the purpose of performing their work
  responsibility.

            

    

    

    
      	
              9.2

            	
              Provisions
      contemplated in Article 9.1 is not applicable to Confidential Material as
      follows:

            

    

    

    
      	
               
      

            	
              (1)

            	
              materials
      can be proved to have been known by the acceptor trough the written
      record made before the discloser disclose to the
  acceptor;

            

    

    

    
      	
               
      

            	
              (2)

            	
              such
      information is or will be in the public domain not for violating this
      Agreement;

            

    

    

    
      	
               
      

            	
              (3)

            	
              materials
      obtained by the acceptor from the third party who do not have
      confidentiality duties; or

            

    

    

    
      	
               
      

            	
              (4)

            	
              Materials
      included in the documents having been disclosed in the process of Transfer
      of Objective Shares.

            

    

    

    
      	
              9.3

            	
              Each
      Party shall guarantee itself, directors, officers and employees regarding
      to this Transfer of Objective Shares to comply with the confidentiality
      duties contemplated under Article
9.

            

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    
      	
              9.4

            	
              Provisions
      contemplated under Article 9 shall not be applicable to disclosure of such
      Confidential Material to affiliates, intermediary, employees and
      consultant of each Party; however, under such circumstance, such materials
      can only be disclosed to individuals and entities who need to know such
      materials for the purpose of performing work
    responsibility.

            

    

    

    
      	
              9.5

            	
              Provisions
      contemplated under Article 9 shall not be applicable to disclosure of such
      Confidential Material to any governmental authority. However, the Party
      required to make above disclosure shall promptly inform such requirement
      and provisions to the other Party before such
  disclosure.

            

    

    

    
      	
              9.6

            	
              Provisions
      contemplated under Article 9 shall not impede the disclosure which is made
      by one Party subject to principle of good faith and according to laws and
      regulations.

            

    

    

    Article
10 Miscellaneous

    

    
      	
              10.1

            	
              This
      Agreement shall become effective upon the execution of this Agreement by
      authorized representatives of the
Parties.

            

    

    

    
      	
              10.2

            	
              Governing
      Law and Dispute Resolution

            

    

    

    In the
event of any dispute with respect to the construction and performance of this
Agreement, the Parties shall first resolve the dispute through friendly
negotiations.  In the event the Parties fail to reach an agreement on
the dispute, either Party may submit the relevant dispute to the Hong Kong
International Arbitration Center for arbitration, in accordance with its then
effective arbitration rules. The arbitration award shall be final and binding on
the Parties

    

    
      	
              10.3

            	
              Language
      and Text

            

    

    

    This
Agreement shall be written in Chinese language in three copies, each Party
having one copies with equal legal validity, and one copy for filing by Viva
Red. Each copy shall be deemed as originals and the same version

    

    
      	
              10.4

            	
              Severability 

            

    

      

    If any
provision of this Agreement be determined to be invalid, illegal or
unenforceable by any competent authority, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.

    

    
      	
              10.5

            	
              Amendment
      and Supplement to this Agreement

            

    

    

    This
Agreement may be amended or supplemented in a written form by the Parties. Such
written amended agreement and/or supplementary agreement executed by the Parties
are an integral part of this Agreement, and shall have the same legal validity
as this Agreement.

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    
      	
              10.6

            	
              Right
      Exercise

            

    

    

    Any
non-exercise or delayed exercise of a right provided herein shall not be deemed
as a waiver of such right; any single or partial exercise of the forgoing rights
shall not hinder further exercise of such rights. Any waiver of claim for any
default hereunder shall be made in written form, and for the Transferor and
MobiZone, it shall be executed by their
authorized representative.

    

    
      	
              10.7

            	
              Transfer
      of Rights and Obligations

            

    

    

    Except as
otherwise provided herein, neither this Agreement, nor any right and obligation
contemplated hereunder, shall be totally or partially transferred by any
Party without prior written consent of the other Party.

    

    
      	
              10.8

            	
              Notices

            

    

    

    All
notices and other communications required or permitted to be given pursuant to
this Agreement shall be written in Chinese and be delivered personally or sent
by registered mail, by a commercial courier service or by facsimile transmission
to the address of such Party set forth below. Any Party can change the
following address by written notice:

    

    Transferor:
Smart Lead Enterprises Limited

    Address: 1B,
Golden House, 1 Austin Avenue, Tsim sha tsui, Kowloon, Hong Kong

    Phone: (852)
90278223

    Facsimile: (852)
25292999

    Attn: Shi
Sha Li

    

    MobiZone:MobiZone
Holdings Limited

    Address:
7A-D Hong Kong Industrial Building, 444-452 Des Voeux Road West, Hong
Kong.

    Phone:
(852) 34434383

    Facsimile:
(852) 21684144

    Attn:
Lawrence Cheung/Benjamin Chan

    

    The
delivery date of any notice or written notice refers to:

    

    
      	
               
      

            	
              (1)

            	
              Notices
      given by personal delivery, shall be deemed effectively given on the date
      of delivery to the address set forth
herein.

            

    

    

    
      	
               
      

            	
              (2)

            	
              Notices
      given by commercial courier service, shall be deemed effectively given on
      the third day of delivery to the address;
or

            

    

    

    
      	
               
      

            	
              (3)

            	
              Notices
      given by facsimile transmission shall be deemed effectively given on the
      date of successful transmission.

            

    

    

    [The remainder of this page has
intentionally been left blank]

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to
execute this Agreement as of the date first above written.

    

    
      
        	
                Smart
      Lead Enterprises Limited

              
	 
      
	
                Signature

              	
                   

              
	
                Name:

              	 
      
	
                Title:

              	 
      
	 
      
	
                MobiZone
      Holdings Limited

              
	 
      
	
                Signature

              	
                   

              
	
                Name:

              	 
      
	
                Title:

              	 
      

      

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    Exhibit
1:Loan
Agreement

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    Exhibit
2:Business
Transfer Agreement

    
      
         

      

      
        22

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