Document:

Exhibit 4.1

                              INVESTMENT AGREEMENT

     THIS INVESTMENT AGREEMENT (this "Agreement") is dated as of the 31st day of
December  2003 by and  between  Soyo Group,  Inc.  (the  "Company")  and Urmston
Capital Limited ("Investor").

                                    RECITALS

     WHEREAS,  the Company and the Investor have been  discussing  conversion of
$12,000,000  long-term  payable due to the  Investor  into equity of the Company
(transaction also hereinafter referred to as "investment"); and

     WHEREAS,  it was the mutual desire of the Company and the Investor that the
investment  in the Company  would take the form of a newly issued  series of the
Company's preferred stock;

                                    AGREEMENT

     NOW THEREFORE,  in consideration of the mutual agreements herein contained,
the parties hereto agree as follows.

1. Purchase of Class B Convertible  Preferred Stock. The Company agrees to issue
and sell to the Investor  2,500,000 shares of the Class B Convertible  Preferred
Stock ($1.00 stated  liquidation  value) at a purchase  price of $4.80 per share
with  such  rights,   preference  and  privileges  set  forth  in  that  certain
Certificate of Designation, a copy of which is attached herewith as Exhibit "A",
which shall be filed with the  Secretary  of State of Nevada  within 180 days of
the date of this Agreement. The Closing Date shall be agreed by the parties, but
in no event later than May 31, 2004.

2.  Convertibility of Shares. The shares of preferred stock shall be convertible
into shares of the Company's common stock as follows:

     (a) The  Investor  shall have the right to convert the shares of  preferred
stock, in increments of 100,000 shares, into shares of common stock based on the
fair market value of the common stock, subject, however, to a minimum conversion
price of $0.25 per share.

     (b) No more than 500,000  shares may be converted  into common stock in any
one calendar year without the prior written consent of the Company.

     (c) On December 31, 2008,  each share of preferred stock  outstanding  will
automatically be converted into shares of common stock, based on the fair market
value of the common stock,  subject,  however,  to a minimum conversion price of
$0.25 per share.

                                       1
<PAGE>

3. Repurchase  Rights.  Beginning one year after issuance,  upon 10 days written
notice,  the Company or its designee shall have the right to repurchase for cash
any portion or all of the shares at 80% of liquidation  value ($0.80 per share).
During such notice  period,  the  Investor  shall have the  continuing  right to
convert any such shares  pursuant to which written notice has been received into
common  stock  pursuant to the terms  contained  herein,  without  regard to the
conversion limitation specified in Section 2(c).

4.   Registration   Rights.   The  Investor  shall  have  unlimited   piggy-back
registration  rights,  subject to approval of  underwriter,  if applicable.  The
parties will execute a separate Registration Rights Agreement.

5. Restrictions on Transferability. The shares shall not be transferable without
the prior written consent of the Company.

6. No Voting Rights.  The Investor  shall have no voting  rights,  including the
right to elect directors, through ownership of the shares.

7.  Investor's  Representations  and  Warranties.  The Investor  represents  and
warrants to the Company  that the  statements  contained  in this  Section 7 are
correct and  complete as of the date of this  Agreement  and will be correct and
complete as of the Closing Date.

     7.1 Authorization of Transaction. The Investor has full power and authority
to execute and deliver this Agreement and to perform obligations hereunder. This
Agreement  constitutes the valid and legally binding obligation of the Investor,
enforceable in accordance with its terms and  conditions.  The Investor need not
give any notice to, make any filing with, or obtain any authorization,  consent,
or approval of any government or governmental  agency in order to consummate the
transactions contemplated by this Agreement.

     7.2 Noncontravention.  To the knowledge of Investor,  neither the execution
and the delivery of this Agreement,  nor the  consummation  of the  transactions
contemplated  hereby,  will (a) violate any constitution,  statute,  regulation,
rule, or existing order,  writ,  injunction or decree applicable to the Investor
or (b) conflict with, result in a breach of, constitute a default under,  result
in the acceleration of, create in any party the right to accelerate,  terminate,
modify, or cancel, or require any notice under any agreement,  contract,  lease,
license, instrument, or other arrangement to which the Investor is a party or by
which he is bound or to which any of his assets is subject.

     7.3 Investment.  The Investor is not acquiring the shares with a view to or
for sale in connection with any  distribution  thereof within the meaning of any
federal or state securities regulation.

7.4 Limitations on  Transferability.  The Investor  acknowledges that the shares
must be held indefinitely  unless  subsequently  registered under the Securities
Act or unless an exemption from such registration is available.  The Investor is
aware of the provisions of Rule 144  promulgated  under the Securities Act which
permit limited resale of shares purchased in a private  placement subject to the

                                       2
<PAGE>

satisfaction of certain conditions, including, among other things, the existence
of a public market for the shares,  the  availability  of certain current public
information about the Company, the resale occurring not less than one year after
a party has  purchased  and paid for the  security  to be sold,  the sale  being
effected  through a "broker's  transaction" or in  transactions  directly with a
"market maker" and the number of shares being sold during any three month period
not exceeding specified limitations.

     7.5 No Public Market.  The Investor  understands  that no public market now
exists for any of the preferred securities issued by the Company.

     7.6 Accredited  Investor.  The Investor is an "accredited  investor" within
the meaning of SEC Rule 501 of Regulation D, as presently in effect.

     7.7 Brokers or Finders. The Investor has not engaged any brokers,  finders,
or agents and has not incurred, and will not incur, directly or indirectly,  any
liability  for brokerage or finder's fee or agents'  commissions  or any similar
charges in  connection  with this  Agreement and the  transactions  contemplated
hereby.

8. The Company's  Representations  and  Warranties.  The Company  represents and
warrants to the  Investor  that the  statements  contained in this Section 8 are
correct and  complete as of the date of this  Agreement  and will be correct and
complete as of the Closing Date.

     8.1  Organization,  Qualification,  and Corporate  Power.  The Company is a
corporation  duly organized,  validly  existing,  and in good standing under the
laws of the State of Nevada.  The Company is duly authorized to conduct business
and is in  good  standing  under  the  laws  of  each  jurisdiction  where  such
qualification is required.

     8.2  Capitalization.  The authorized  capital stock of the Company consists
of, or will  consist  immediately  prior to the  Closing,  75,000,000  shares of
Common Stock,  $0.001 par value, of which 40,000,000  shares of Common Stock are
issued and outstanding,  and 10,000,000  shares of Preferred  Stock,  $0.001 par
value, of which 1,000,000 shares of Class A Convertible  Preferred Stock,  $1.00
per share  liquidation  value,  are  issued  and  outstanding.  All  issued  and
outstanding  shares of the Company's capital stock have been duly authorized and
validly issued,  are fully paid and  nonassessable and were issued in compliance
with applicable federal and state securities laws.

     8.3 Compliance with Other Instruments. To the knowledge of the Company, the
Company is not in violation or default in any material  respect of any provision
of its Articles of  Incorporation  or Bylaws,  or in any material respect of any
instrument, judgment, order, writ, decree, or contract to which it is a party or
by which it is bound.

     8.4 Legal  Compliance.  The Company has complied with all  applicable  laws
(including rules,  regulations,  codes, plans, injunctions,  judgments,  orders,
decrees,  rulings, and charges thereunder) of federal, state, local, and foreign
governments  (and  all  agencies  thereof),  and no  action,  suit,  proceeding,
hearing,  investigation,  charge,  complaint,  claim, demand, or notice has been
filed or commenced  against it alleging  any failure so to comply,  except where
the failure to comply would not have a material  adverse effect on the business,
financial condition,  operations,  results of operations, or future prospects of
the Company.

                                       3
<PAGE>

     8.5  Litigation.  There  are no  actions,  suits,  claims,  proceedings  or
investigations pending or to the knowledge of the Company, threatened against or
affecting  the Company at law or in equity or before or by any  federal,  state,
municipal or other governmental court,  department,  commission,  board, bureau,
agency or  instrumentality,  domestic or foreign.  The Company is not in default
with respect to any order,  writ,  injunction or decree of any court or federal,
state, municipal or other governmental  department,  commission,  board, bureau,
agency or  instrumentality  of which the Company has notice. To the knowledge of
the Company,  the Company has complied in all material  respects  with all laws,
regulations and orders  applicable to its business or properties.  The foregoing
includes,  without limitation,  any action, suit,  proceeding,  or investigation
pending or currently  threatened  involving  the prior  employment of any of the
Company's  employees,  or negotiations by the Company with potential backers or,
investors in, the Company or its proposed business.

     8.6 Tax Matters. To the knowledge of the Company, the Company has filed all
tax returns  and reports as required by law.  The Company has paid all taxes and
other assessments due, except those contested by it in good faith.

9. Negative Covenant. The Company covenants that it will not take any actions to
change its corporate  charter  documents in a manner that would adversely affect
the interests of the Investor.

10. Further Investment. The Investor and the Company agree to discuss, from time
to time,  possible  future  investments by the Investor in the securities of the
Company in connection with future acquisition opportunities that the Company may
identify.  The Company  acknowledges that no Investor has made any commitment to
make any such future  investment,  and that the decision to make any such future
investment is in the sole discretion of each Investor. The Investor acknowledges
that the Company has made no commitment  to offer any such future  investment to
any Investor,  and that the decision to make any such offer of future investment
is in the sole discretion of the Company.

11. Public  Statements or Releases.  Neither the Company nor any Investor  shall
make any public  announcement  with  respect to the  existence  or terms of this
Agreement or the transactions  provided for herein without the prior approval of
the  other  parties,  which  shall  not be  unreasonably  withheld  or  delayed.
Notwithstanding  the  foregoing,  nothing in this  Section 11 shall  prevent any
party from making any public  announcement  it  considers  necessary in order to
satisfy its  obligations  under the law or the rules of any national  securities
exchange or market, provided such party, to the extent practicable, provides the
other parties with an opportunity  to review and comment on any proposed  public
announcement before it is made.

                                       4
<PAGE>

12. Captions.  The captions and paragraph  headings of this Agreement are solely
for the convenience of reference and shall not affect its interpretation.

13.  Severability.  Should  any  part or  provision  of this  Agreement  be held
unenforceable  or in conflict with the  applicable  laws or  regulations  of any
jurisdiction,  the invalid or unenforceable part or provisions shall be replaced
with a  provision  which  accomplishes,  to the extent  possible,  the  original
business  purpose of such part or provision in a valid and  enforceable  manner,
and the  remainder  of this  Agreement  shall  remain  binding  upon the parties
hereto.

14.  Governing  Law.  This  Agreement  shall be governed  by, and  construed  in
accordance  with,  the laws of the State of  Nevada,  without  giving  effect to
conflict of law principles thereof.

15. Counterparts. This Agreement may be signed in one or more counterparts, each
of which shall be an original,  but all of which together  shall  constitute one
instrument.

16. Conflict With Other Agreements.  Notwithstanding any other provision of this
Agreement to the contrary,  to the extent that any  provision of this  Agreement
conflicts  with or  contradicts  any  provision  in any  agreement,  document or
instrument  that sets  forth the terms and  conditions,  rights,  privileges  or
preferences of the Series B Convertible Preferred Stock (the "Other Documents"),
the terms of the Other  Documents  shall govern and supersede the  provisions of
this Agreement.

     IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement under
seal as of the day and year first above written.

The "Company"                                   SOYO GROUP, INC.

                                                By: ____________________________
                                                    Ming Tung Chok
                                                Its:Chief Executive Officer

The "Investor"                                  URMSTON CAPITAL LIMITED

                                                By: ____________________________
                                                      Hsiao-Ping Chi
                                                Its:  Managing DirectorExhibit 4.2

                          REGISTRATION RIGHTS AGREEMENT

     Registration Rights Agreement dated as of March 31, 2004 (this "Agreement")
by and between  Soyo Group,  Inc., a Nevada  corporation  (the  "Company"),  and
Urmston Capital Limited ("Investor"), with reference to the following:

     A. The  Company  has  issued to  Investor  2,500,000  shares of its Class B
Convertible  Preferred Stock (the "Preferred  Stock") which is convertible  into
shares  of the  Company's  Common  Stock,  pursuant  to  that  certain  Investor
Agreement  dated as of December 31, 2003  between the Company and Investor  (the
"Investor Agreement").

     B. The  Company  has agreed to  provide  with  respect to the Common  Stock
issuable to Investor upon conversion of the Preferred Stock certain registration
rights under the Securities Act.

     NOW,  THEREFORE,  in consideration of the premises and the mutual covenants
contained  herein,  the parties  hereto,  intending to be legally bound,  hereby
agree as follows:

     1. Definitions

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

          (1)  "Affiliate"  of any  specified  Person means any other Person who
directly, or indirectly through one or more intermediaries, is in control of, is
controlled  by, or is under common  control with,  such  specified  Person.  For
purposes of this  definition,  control of a Person means the power,  directly or
indirectly,  to direct or cause the direction of the  management and policies of
such Person  whether by contract,  securities,  ownership or otherwise;  and the
terms "controlling" and "controlled" have the respective meanings correlative to
the foregoing.

          (2) "Commission" means the Securities and Exchange Commission.

          (3)  "Exchange  Act" means the  Securities  Exchange  Act of 1934,  as
amended,  and the rules and  regulations  of the Commission  thereunder,  or any
similar successor statute.

          (4)  "Holders"  means  Investor  and any  transferee  or  assignee  of
Registrable  Securities  which  agrees to  become  bound by all of the terms and
provisions of this Agreement in accordance with Section 8 hereof.

          (5) "Person" means any individual,  partnership,  corporation, limited
liability  company,  joint stock  company,  association,  trust,  unincorporated
organization, or a government or agency or political subdivision thereof.

          (6) "Prospectus" means the prospectus (including,  without limitation,
any  preliminary  prospectus  and any final  prospectus  filed  pursuant to Rule
424(b)  under the  Securities  Act,  including  any  prospectus  that  discloses
information  previously  omitted from a prospectus filed as part of an effective

<PAGE>

registration  statement  in  reliance  on Rule 430A  under the  Securities  Act)
included  in the  Registration  Statement,  as  amended or  supplemented  by any
prospectus  supplement  with respect to the terms of the offering of any portion
of the Registrable  Securities covered by the Registration  Statement and by all
other  amendments  and  supplements to such  prospectus,  including all material
incorporated  by reference in such  prospectus and all documents filed after the
date of such  prospectus by the Company under the Exchange Act and  incorporated
by reference therein.

          (7) "Public  Offering"  means an offer  registered with the Commission
and the appropriate  state  securities  commissions by the Company of its Common
Stock and made pursuant to the Securities Act.

          (8) "Registrable Securities" means the shares of Common Stock issuable
to Investor upon conversion of the Preferred Stock;  provided,  however, a share
of Common  Stock shall cease to be a  Registrable  Security for purposes of this
Agreement when it no longer is a Restricted Security.

          (9)  "Registration  Statement"  means a registration  statement of the
Company filed on an appropriate  form under the Securities Act providing for the
registration  of, and the sale on a continuous  or delayed  basis by the holders
of, all of the Registrable  Securities pursuant to Rule 415 under the Securities
Act, including the Prospectus  contained therein and forming a part thereof, any
amendments to such  registration  statement and supplements to such  Prospectus,
and all  exhibits  to and  other  material  incorporated  by  reference  in such
registration statement and Prospectus.

          (10) "Restricted  Security" means any share of Common Stock except any
such share that (i) has been  registered  pursuant to an effective  registration
statement  under the  Securities  Act and sold in a manner  contemplated  by the
prospectus included in such registration statement, (ii) has been transferred in
compliance  with the resale  provisions of Rule 144 under the Securities Act (or
any successor provision thereto) or is transferable pursuant to paragraph (k) of
Rule 144 under the Securities Act (or any successor  provision thereto) or (iii)
otherwise  has been  transferred  and a new share of Common Stock not subject to
transfer  restrictions  under the  Securities  Act has been  delivered  by or on
behalf of the Company.

          (11)  "Securities  Act" means the  Securities Act of 1933, as amended,
and the rules and  regulations  of the  Commission  thereunder,  or any  similar
successor statute.

     2. Registration

     (A) Piggyback  Rights.  (i) If the Company  proposes to register any of its
warrants,  Common Stock or any other shares of common stock of the Company under
the  Securities  Act (other  than a  registration  (A) on Form S-8 or S-4 or any
successor or similar forms,  (B) relating to Common Stock or any other shares of
common stock of the Company  issuable upon exercise of employee share options or
in connection with any employee benefit or similar plan of the Company or (C) in
connection  with a direct or  indirect  acquisition  by the  Company  of another
Person or any  transaction  with  respect  to which  Rule 145 (or any  successor
provision)  under the Securities  Act applies),  whether or not for sale for its
own account, it will each such time, give prompt written notice at least 20 days
prior to the anticipated  filing date of the registration  statement relating to

                                       2
<PAGE>

such  registration  to each Holder,  which notice shall set forth such  Holder's
rights under this Section  2(A) and shall offer such Holder the  opportunity  to
include in such registration  statement such number of Registrable Securities as
such Holder may request.  Upon the written  request of any Holder made within 10
days after the receipt of notice from the Company  (which  request shall specify
the number of Registrable Securities intended to be disposed of by such Holder),
the  Company  will use its best  efforts  to effect the  registration  under the
Securities  Act of all  Registrable  Securities  that  the  Company  has been so
requested  to register by each  Holder,  to the extent  requisite  to permit the
disposition  of  the  Registrable  Securities  so  to be  registered;  provided,
however, that (A) if such registration  involves a Public Offering,  each Holder
must sell its Registrable Securities to any underwriters selected by the Company
with the consent of such Holder on the same terms and conditions as apply to the
Company and (B) if, at any time after giving  written notice of its intention to
register any Registrable  Securities pursuant to this Section 2 and prior to the
effective  date of the  registration  statement  filed in  connection  with such
registration,  the Company  shall  determine for any reason not to register such
Registrable  Securities,  the Company  shall give written  notice to each Holder
and, thereupon,  shall be relieved of its obligation to register any Registrable
Securities in connection with such registration.

          (ii) If a registration pursuant to this Section 2(A) involves a Public
Offering and the managing  underwriter  thereof advises the Company that, in its
view,  the number of shares of Common  Stock that the  Company  and the  Holders
intend to include in such  registration  exceeds the largest number of shares of
Common  Stock that can be sold without  having an adverse  effect on such Public
Offering  (the  "Maximum  Offering  Size"),  the  Company  will  include in such
registration  only such number of shares of Common  Stock as does not exceed the
Maximum  Offering  Size,  and the number of shares in the Maximum  Offering Size
shall be  allocated  among the  Company,  the Holders  and any other  sellers of
Common Stock in such Public  Offering  ("Third-Party  Sellers"),  first,  to the
Company until all the shares of Common Stock  originally  proposed to be offered
for sale by the  Company  have  been  allocated,  second,  if the  filing of the
Registration  Statement was made upon the demand of any Third Party Seller, then
pro rata among such Third Party Sellers,  and third,  pro rata among the Holders
and any other  Third-Party  Sellers,  in each case on the basis of the  relative
number of shares of Common  Stock  originally  proposed  to be offered  for sale
under such registration by each of the Holders and the Third-Party  Sellers,  as
the case may be.  If as a result of the  proration  provisions  of this  Section
2(A)(ii),  any Holder is not entitled to include all such Registrable Securities
in such  registration,  such Holder may elect to withdraw its request to include
any Registrable  Securities in such registration.  With respect to registrations
pursuant to this Section 2(A), the number of securities  required to satisfy any
underwriters'  over-allotment  option shall be allocated among the Company,  the
Holders and any Third Party Seller pro rata on the basis of the relative  number
of securities  offered for sale under such  registration by each of the Holders,
the  Company  and any such  Third  Party  Sellers  before the  exercise  of such
over-allotment option.

     3. Obligations of the Company

     In connection  with the  registration of the  Registrable  Securities,  the
Company shall:

                                       3
<PAGE>

     (A)  Promptly  (i) prepare  and file with the  Commission  such  amendments
(including   post-effective   amendments)  to  the  Registration  Statement  and
supplements  to the  Prospectus  as may be  necessary  to keep the  Registration
Statement  continuously  effective and in compliance  with the provisions of the
Securities  Act applicable  thereto so as to permit the Prospectus  forming part
thereof to be current  and  useable by Holders  for  resales of the  Registrable
Securities for a period of one (1) year from the date on which the  Registration
Statement is first declared  effective by the Commission (the "Effective  Time")
or such shorter period that will terminate when all the  Registrable  Securities
covered  by the  Registration  Statement  have been  sold  pursuant  thereto  in
accordance with the plan of distribution provided in the Prospectus, transferred
pursuant to Rule 144 under the  Securities  Act or  otherwise  transferred  in a
manner that  results in the delivery of new  securities  not subject to transfer
restrictions under the Securities Act (the "Registration  Period") and (ii) take
all  lawful  action  such that each of (A) the  Registration  Statement  and any
amendment  thereto  does  not,  when it  becomes  effective,  contain  an 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,  not misleading and
(B) the Prospectus forming part of the Registration Statement, and any amendment
or  supplement  thereto,  does not at any time  during the  Registration  Period
include an 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 under which they were made, not misleading;

     (B) During the  Registration  Period,  comply  with the  provisions  of the
Securities Act with respect to the Registrable Securities of the Company covered
by the  Registration  Statement  until  such  time  as all of  such  Registrable
Securities  have been  disposed of in  accordance  with the intended  methods of
disposition  by the Holders as set forth in the  Prospectus  forming part of the
Registration Statement;

     (C) (i)  Prior  to the  filing  with  the  Commission  of any  Registration
Statement (including any amendments thereto) and the distribution or delivery of
any Prospectus  (including any  supplements  thereto),  provide (A) draft copies
thereof to the Holders and reflect in such  documents  all such  comments as the
Holders (and their counsel) reasonably may propose and (B) to the Holders a copy
of the accountant's consent letter to be included in the filing and (ii) furnish
to each Holder whose  Registrable  Securities  are included in the  Registration
Statement and its legal counsel  identified to the Company,  (A) promptly  after
the same is prepared and publicly  distributed,  filed with the  Commission,  or
received  by  the  Company,  one  copy  of  the  Registration  Statement,   each
Prospectus,  and each  amendment  or  supplement  thereto and (B) such number of
copies of the Prospectus and all  amendments  and  supplements  thereto and such
other  documents,  as such Holder may reasonably  request in order to facilitate
the disposition of the Registrable Securities owned by such Holder;

     (D) (i)  Register  or qualify  the  Registrable  Securities  covered by the
Registration  Statement  under  such  securities  or  "blue  sky"  laws  of such
jurisdictions as the Holders who hold a majority-in-interest  of the Registrable
Securities  being  offered  reasonably  request,  (ii)  prepare and file in such
jurisdictions  such  amendments   (including   post-effective   amendments)  and
supplements  to such  registrations  and  qualifications  as may be necessary to
maintain the effectiveness  thereof at all times during the Registration Period,
(iii) take all such other lawful  actions as may be  necessary to maintain  such
registrations and  qualifications in effect at all times during the Registration
Period and (iv) take all such  other  lawful  actions  reasonably  necessary  or

                                       4
<PAGE>

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), (B) subject itself to general taxation in any such jurisdiction or
(C) file a general consent to service of process in any such jurisdiction;

     (E) As promptly as practicable  after becoming aware of such event,  notify
each Holder of the occurrence 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 omits 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,  and promptly prepare
an amendment to the  Registration  Statement and supplement to the Prospectus to
correct such untrue  statement  or  omission,  and deliver a number of copies of
such  supplement  and  amendment  to each Holder as such  Holder may  reasonably
request;

     (F) As promptly as practicable  after becoming aware of such event,  notify
each Holder who holds Registrable  Securities being sold (or, in the event of an
underwritten  offering,  the  managing  underwriters)  of  the  issuance  by the
Commission  of any stop order or other  suspension of the  effectiveness  of the
Registration  Statement at the earliest possible time and take all lawful action
to effect  the  withdrawal,  recession  or  removal  of such stop order or other
suspension;

     (G)  Cause  all the  Registrable  Securities  covered  by the  Registration
Statement  to be listed  on the  principal  national  securities  exchange,  and
included in an inter-dealer quotation system of a registered national securities
association, on or in which securities of the same class or series issued by the
Company are then listed or included;

     (H) Maintain a transfer agent and registrar,  which may be a single entity,
for  the  Registrable  Securities  not  later  than  the  effective  date of the
Registration Statement;

     (I)  Cooperate  with the  Holders  who hold  Registrable  Securities  being
offered to facilitate the timely  preparation and delivery of  certificates  for
the Registrable  Securities to be offered pursuant to the registration statement
and  enable  such  certificates  for the  Registrable  Securities  to be in such
denominations  or  amounts,  as the case may be, as the Holders  reasonably  may
request and  registered  in such names as the Holder may  request;  and,  within
three  (3)  business  days  after  a  registration   statement   which  includes
Registrable  Securities  is declared  effective by the  Commission,  deliver and
cause legal counsel selected by the Company to deliver to the transfer agent for
the  Registrable  Securities  (with  copies  to the  Holders  whose  Registrable
Securities  are  included  in  such   registration   statement)  an  appropriate
instruction and, to the extent necessary, an opinion of such counsel;

     (J) Take all such other lawful actions reasonably necessary to expedite and
facilitate  the  disposition by the Holders of their  Registrable  Securities in
accordance with the intended methods  therefor  provided in the Prospectus which
are customary under the circumstances;

                                       5
<PAGE>

     (K)  Make  generally   available  to  its  security   holders  as  soon  as
practicable,  but in any event not later  than  three (3)  months  after (i) the
effective  date (as  defined in Rule  158(c)  under the  Securities  Act) of the
Registration  Statement  and  (ii)  the  effective  date of each  post-effective
amendment  to the  Registration  Statement,  as the  case  may be,  an  earnings
statement of the Company and its  subsidiaries  complying with Section 11 (a) of
the  Securities Act and the rules and  regulations of the Commission  thereunder
(including, at the option of the Company, Rule 158);

     (L)  In  the  event  of  an  underwritten  offering,  promptly  include  or
incorporate  in a  Prospectus  supplement  or  post-effective  amendment  to the
Registration  Statement such information as the managers reasonably agree should
be included therein and to which the Company does not reasonably object and make
all required filings of such Prospectus  supplement or post-effective  amendment
as soon as  practicable  after it is  notified  of the matters to be included or
incorporated in such Prospectus supplement or post-effective amendment;

     (M) (i) Make  reasonably  available  for  inspection  by the  Holders,  any
underwriter  participating  in any  disposition  pursuant  to  the  Registration
Statement, and any attorney,  accountant or other agent retained by such Holders
or any such  underwriter  all relevant  financial and other  records,  pertinent
corporate documents and properties of the Company and its subsidiaries, and (ii)
cause the Company's officers,  directors and employees to supply all information
reasonably  requested  by  such  Holders  or  any  such  underwriter,  attorney,
accountant or agent in connection with the Registration Statement, in each case,
as is customary for similar due diligence examinations;  provided, however, that
all records,  information  and documents  that are  designated in writing by the
Company, in good faith, as confidential,  proprietary or containing any material
nonpublic  information  shall be kept  confidential  and  shall not be used as a
basis for any  market  transactions  in the  securities  of the  Company by such
Holders and any such underwriter,  attorney, accountant or agent (pursuant to an
appropriate  confidentiality agreement in the case of any such holder or agent),
unless  such  disclosure  is  made  pursuant  to  judicial  process  in a  court
proceeding  (after  first giving the Company an  opportunity  promptly to seek a
protective  order or otherwise limit the scope of the  information  sought to be
disclosed)  or is required by law, or such  records,  information  or  documents
become  available  to the  public  generally  or  through  a third  party not in
violation  of an  accompanying  obligation  of  confidentiality;  and  provided,
further,  that, if the foregoing  inspection  and  information  gathering  would
otherwise  disrupt the Company's  conduct of its business,  such  inspection and
information  gathering shall, to the maximum extent possible,  be coordinated on
behalf of the  Holders  and the other  parties  entitled  thereto by one firm of
counsel  designed  by and on behalf of the  majority  in interest of Holders and
other parties;

     (N) In connection with any underwritten offering, make such representations
and warranties to the Holders participating in such underwritten offering and to
the  managers,  in form,  substance  and  scope as are  customarily  made by the
Company to underwriters in secondary underwritten offerings;

     (O) In  connection  with any  underwritten  offering,  obtain  opinions  of
counsel  to the  Company  (which  counsel  and  opinions  (in  form,  scope  and
substance)  shall be reasonably  satisfactory to the managers)  addressed to the
underwriters,  covering  such  matters as are  customarily  covered in  opinions
requested in secondary  underwritten offerings (it being agreed that the matters

                                       6
<PAGE>

to be covered by such opinions shall include, without limitation, as of the date
of the opinion and as of the  Effective  Time of the  Registration  Statement or
most recent  post-effective  amendment thereto,  as the case may be, the absence
from the  Registration  Statement  and the  Prospectus,  including any documents
incorporated by reference therein,  of an untrue statement of a material fact or
the omission of a material  fact  required to be stated  therein or necessary to
make the  statements  therein  (in the case of the  Prospectus,  in light of the
circumstances  under which they were made) not misleading,  subject to customary
limitations);

     (P) In connection  with any  underwritten  offering,  obtain "cold comfort"
letters and updates  thereof  from the  independent  public  accountants  of the
Company (and, if  necessary,  from the  independent  public  accountants  of any
subsidiary  of the Company or of any business  acquired by the Company,  in each
case for which  financial  statements and financial data are, or are required to
be,  included in the  Registration  Statement),  addressed  to each  underwriter
participating  in such  underwritten  offering (if such underwriter has provided
such letter,  representations  or documentation,  if any, required for such cold
comfort  letter to be so addressed),  in customary form and covering  matters of
the type  customarily  covered  in "cold  comfort"  letters in  connection  with
secondary underwritten offerings;

     (Q) In connection with any  underwritten  offering,  deliver such documents
and certificates as may be reasonably required by the managers, if any, and

     (R) In the event that any  broker-dealer  registered under the Exchange Act
shall  be an  "Affiliate"  (as  defined  in Rule  2729(b)(1)  of the  rules  and
regulations of the National  Association of Securities Dealers,  Inc. (the "NASD
Rules") (or any successor  provision thereto)) of the Company or has a "conflict
of interest" (as defined in Rule  2720(b)(7) of the NASD Rules (or any successor
provision  thereto)) and such broker-dealer  shall underwrite,  participate as a
member  of  an  underwriting  syndicate  or  selling  group  or  assist  in  the
distribution  of  any  Registrable   Securities   covered  by  the  Registration
Statement,  whether  as a  holder  of  such  Registrable  Securities  or  as  an
underwriter,  a  placement  or sales  agent or a broker  or  dealer  in  respect
thereof, or otherwise,  the Company shall assist such broker-dealer in complying
with the requirements of the NASD Rules, including,  without limitation,  by (A)
engaging a "qualified  independent  underwriter" (as defined in Rule 2720(b)(15)
of the NASD Rules (or any successor  provision  thereto)) to  participate in the
preparation  of  the  Registration   Statement   relating  to  such  Registrable
Securities,  to exercise usual standards of due diligence in respect thereof and
to recommend  the public  offering  price of such  Registrable  Securities,  (B)
indemnifying  such  qualified  independent  underwriter  to  the  extent  of the
indemnification  of underwriters  provided in Section 6 hereof and (C) providing
such  information  to such  broker-dealer  as may be  required in order for such
broker-dealer to comply with the requirements of the NASD Rules.

     4. Obligations of the Holders

     In connection  with the  registration of the  Registrable  Securities,  the
Holders shall have the following obligations:

     (A) 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 of a particular Holder that such Holder shall furnish to
the Company such information  regarding itself, the Registrable  Securities held

                                       7
<PAGE>

by it and the intended method of disposition of the Registrable  Securities held
by it as shall  be  reasonably  required  to  effect  the  registration  of such
Registrable  Securities and shall execute such documents in connection with such
registration as the Company may reasonably request;

     (B) Each Holder by its acceptance of the Registrable  Securities  agrees to
cooperate with the Company in connection  with the preparation and filing of the
Registration Statement hereunder, unless such Holder has notified the Company in
writing of its election to exclude all of its  Registrable  Securities  from the
Registration Statement; and

     (C) Each Holder agrees that, upon receipt of any notice from the Company of
the  occurrence  of any event of the kind  described in Section 3(E) or 3(F), it
shall immediately discontinue its disposition of Registrable Securities pursuant
to the Registration  Statement  covering such Registrable  Securities until such
Holder's  receipt  of the  copies  of the  supplemented  or  amended  Prospectus
contemplated  by Section  3(E) and, if so directed by the  Company,  such Holder
shall  deliver to the Company (at the  expense of the  Company) or destroy  (and
deliver to the Company a certificate of destruction) all copies in such Holder's
possession,  of the Prospectus  covering such Registrable  Securities current at
the time of receipt of such notice.

     (D) In  the  case  of an  underwritten  public  offering  of the  Company's
securities,  at the  request of the  underwriter,  each Holder will agree not to
publicly  sell that  amount  of  Registrable  Securities  as  designated  by the
underwriter  for such period (not to exceed 180 days) as also designated by such
underwriter.

     5. Expenses of Registration

     All expenses,  other than underwriting discounts and commissions,  incurred
in connection with registrations,  filings or qualifications pursuant to Section
3,  but  including,   without  limitation,   all  registration,   listing,   and
qualifications fees, printing and engraving fees,  accounting fees, and the fees
and  disbursements of counsel for the Company and Holder,  shall be borne by the
Company.

     6. Indemnification and Contribution

     (A) The Company  shall  indemnify  and hold  harmless  each Holder and each
underwriter,   if  any,  which   facilitates   the  disposition  of  Registrable
Securities,  and each of their respective officers and directors and each person
who controls such Holder or underwriter  within the meaning of Section 15 of the
Securities  Act or  Section  20 of the  Exchange  Act (each  such  person  being
sometimes  hereinafter referred to as an "Indemnified  Person") from and against
any losses,  claims,  damages or  liabilities,  joint or several,  to which such
Indemnified  Person may become  subject under the  Securities  Act or otherwise,
insofar as such losses,  claims,  damages or liabilities  (or actions in respect
thereof)  arise out of or are based upon an untrue  statement or alleged  untrue
statement  of a material  fact  contained  in any  Registration  Statement or an
omission or alleged  omission to state  therein a material  fact  required to be
stated therein or necessary to make the statements therein,  not misleading,  or
arise out of or are based upon an untrue  statement or alleged untrue  statement

                                       8
<PAGE>

of a  material  fact  contained  in any  Prospectus  or an  omission  or alleged
omission  to state  therein a material  fact  required  to be stated  therein or
necessary  to make the  statements  therein,  in the light of the  circumstances
under which they were made,  not  misleading;  and the Company  hereby agrees to
reimburse such  Indemnified  Person for all reasonable  legal and other expenses
incurred by them in connection with  investigating  or defending any such action
or claim as and when such expenses are  incurred;  provided,  however,  that the
Company shall not be liable to any such  Indemnified  Person in any such case to
the extent that any such loss,  claim,  damage or liability  arises out of or is
based upon (i) an untrue  statement or alleged  untrue  statement made in, or an
omission or alleged omission from, such Registration  Statement or Prospectus in
reliance  upon and in  conformity  with  written  information  furnished  to the
Company by such Indemnified Person expressly for use therein or (ii) in the case
of the  occurrence of an event of the type specified in Section 3(E), the use by
the Indemnified Person of an outdated or defective  Prospectus after the Company
has provided to such  Indemnified  Person an updated  Prospectus  correcting the
untrue  statement or alleged  untrue  statement or omission or alleged  omission
giving rise to such loss, claim, damage or liability.

     (B) Indemnification by the Holders and Underwriters. Each Holder agrees, as
a  consequence  of the  inclusion  of any of  its  Registrable  Securities  in a
Registration  Statement,  and each  underwriter,  if any, which  facilitates the
disposition  of  Registrable   Securities  shall  agree,  as  a  consequence  of
facilitating  such  disposition  of  Registrable  Securities,  severally and not
jointly,  to  (i)  indemnify  and  hold  harmless  the  Company,  its  directors
(including any person who, with his or her consent, is named in the Registration
Statement  as a director  nominee of the  Company),  its  officers  who sign any
Registration  Statement and each person, if any, who controls the Company within
the  meaning  of either  Section 15 of the  Securities  Act or Section 20 of the
Exchange Act,  against any losses,  claims,  damages or liabilities to which the
Company or such other persons may become  subject,  under the  Securities Act or
otherwise, insofar as such losses, claims, damages or liabilities (or actions in
respect  thereof) arise out of or are based upon an untrue  statement or alleged
untrue statement of a material fact contained in such Registration  Statement or
Prospectus or arise out of or are based upon the omission or alleged omission to
state therein 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,  in the  case of the  Prospectus),  not  misleading,  in each  case to the
extent,  but only to the extent,  that such untrue  statement or alleged  untrue
statement  or omission  or alleged  omission  was made in  reliance  upon and in
conformity with written  information  furnished to the Company by such holder or
underwriter  expressly  for use therein;  provided,  however,  that no Holder or
underwriter  shall be liable under this Section 6(B) for any amount in excess of
the net proceeds paid to such Holder or underwriter in respect of shares sold by
it and (ii)  reimburse the Company for any legal or other  expenses  incurred by
the Company in  connection  with  investigating  or defending any such action or
claim as such expenses are incurred. The obligations pursuant to this subsection
shall survive the transfer of the Registrable Securities.

     (C) Notice of  Claims,  etc.  Promptly  after  receipt  by a party  seeking
indemnification  pursuant to this Section 6 (an "Indemnified  Party") of written
notice of any  investigation,  claim,  proceeding  or other action in respect of
which  indemnification is being sought (each, a "Claim"),  the Indemnified Party
promptly  shall notify the party against whom  indemnification  pursuant to this
Section  6 is  being  sought  (the  "Indemnifying  Party")  of the  commencement
thereof;  but the omission to so notify the Indemnifying Party shall not relieve
it from any  liability  that it  otherwise  may have to the  Indemnified  Party,

                                       9
<PAGE>

except to the extent that the  Indemnifying  Party is materially  prejudiced and
forfeits  substantive  rights  and  defenses  by  reason  of  such  failure.  In
connection  with any  Claim as to which  both  the  Indemnifying  Party  and the
Indemnified  Party are  parties,  the  Indemnifying  Party  shall be entitled to
assume the defense thereof. Notwithstanding the assumption of the defense of any
Claim by the Indemnifying  Party, the Indemnified  Party shall have the right to
employ  separate  legal counsel and to participate in the defense of such Claim,
and the Indemnifying Party shall bear the reasonable fees,  out-of-pocket  costs
and expenses of such  separate  legal counsel to the  Indemnified  Party if (and
only if): (x) the  Indemnifying  Party shall have agreed to pay such fees, costs
and  expenses,  (y) the  Indemnified  Party  and the  Indemnifying  Party  shall
reasonably have concluded that  representation  of the Indemnified  Party by the
Indemnifying  Party by the same legal  counsel would not be  appropriate  due to
actual or, as reasonably  determined by legal counsel to the Indemnified  Party,
potentially  differing  interests  between  such  parties in the  conduct of the
defense  of such  Claim,  or if there  may be legal  defenses  available  to the
Indemnified  Party that are in addition to or disparate from those  available to
the Indemnifying Party or (z) the Indemnifying Party shall have failed to employ
legal  counsel  reasonably  satisfactory  to  the  Indemnified  Party  within  a
reasonable period of time after notice of the commencement of such Claim. If the
Indemnified Party employs separate legal counsel in circumstances  other than as
described in clauses (x), (y) or (z) above, the fees, costs and expenses of such
legal counsel shall be born  exclusively  by the  Indemnified  Party.  Except as
provided above, the  Indemnifying  Party shall not, in connection with any Claim
in the same  jurisdiction,  be liable for the fees and expenses of more than one
firm of counsel for the  Indemnified  Party  (together  with  appropriate  local
counsel).  The Indemnified Party shall not, without the prior written consent of
the  Indemnifying  Party (which  consent  shall not  unreasonably  be withheld),
settle or compromise any Claim or consent to the entry of any judgment that does
not  include  an  unconditional  release  of the  Indemnifying  Party  from  all
liabilities with respect to such Claim or judgment.

     (D) Contribution.  If the indemnification provided for in this Section 6 is
unavailable  to or  insufficient  to hold harmless an  Indemnified  Person under
subsection  (A) or (B)  above in  respect  of any  losses,  claims,  damages  or
liabilities  (or actions in respect  thereof)  referred  to  therein,  then each
Indemnifying  Party  shall  contribute  to the  amount  paid or  payable by such
Indemnified Party as a result of such losses, claims, damages or liabilities (or
actions in respect  thereof) in such proportion as is appropriate to reflect the
relative fault of the Indemnifying Party and the Indemnified Party in connection
with the statements or omissions which resulted in such losses,  claims, damages
or liabilities  (or actions in respect  thereof),  as well as any other relevant
equitable  considerations.  The relative  fault of such  Indemnifying  Party and
Indemnified  Party shall be  determined  by reference  to,  among other  things,
whether the untrue or alleged untrue statement of a material fact or omission or
alleged  omission to state a material  fact relates to  information  supplied by
such Indemnifying  Party or by such Indemnified Party, and the parties' relative
intent,  knowledge,  access to information and opportunity to correct or prevent
such  statement or omission.  The parties hereto agree that it would not be just
and equitable if  contribution  pursuant to this Section 6(D) were determined by
pro rata allocation (even if the Holders or any underwriters were treated as one
entity for such  purpose) or by any other  method of  allocation  which does not
take account of the equitable  considerations  referred to in this Section 6(D).
The amount  paid or payable by an  Indemnified  Party as a result of the losses,
claims, damages or liabilities (or actions in respect thereof) referred to above
shall be  deemed  to  include  any legal or other  fees or  expenses  reasonably
incurred by such Indemnified Party in connection with investigating or defending

                                       10
<PAGE>

any such  action or  claim.  No person  guilty of  fraudulent  misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution   from  any  person   who  was  not   guilty  of  such   fraudulent
misrepresentation.  The obligations of the Holders and any  underwriters in this
Section 6(D) to contribute  shall be several in proportion to the  percentage of
Registrable  Securities registered or underwritten,  as the case may be, by them
and not joint.

     (E)  Notwithstanding  any other  provision  of this  Section 6, in no event
shall any (i) Holder be required to undertake liability to any person under this
Section 6 for any amounts in excess of the dollar  amount of the  proceeds to be
received by such Holder from the sale of such  Holder's  Registrable  Securities
(after  deducting  any  fees,  discounts  and  commissions  applicable  thereto)
pursuant to any Registration  Statement under which such Registrable  Securities
are to be registered  under the Securities Act and (ii)  underwriter be required
to undertake  liability to any Person hereunder for any amounts in excess of the
aggregate discount, commission or other compensation payable to such underwriter
with respect to the  Registrable  Securities  underwritten by it and distributed
pursuant to the Registration Statement.

     (F) The  obligations  of the  Company  under  this  Section  6 shall  be in
addition  to  any  liability  which  the  Company  may  otherwise  have  to  any
Indemnified  Person and the  obligations  of any  Indemnified  Person under this
Section 6 shall be in addition to any liability  which such  Indemnified  Person
may otherwise have to the Company.  The remedies  provided in this Section 6 are
not exclusive and shall not limit any rights or remedies  which may otherwise be
available to an indemnified party at law or in equity.

     7. Rule 144

     With a view to making  available  to the Holders  the  benefits of Rule 144
under  the  Securities  Act or any  other  similar  rule  or  regulation  of the
Commission  that may at any time  permit the Holders to sell  securities  of the
Company to the public without  registration  ("Rule 144"), the Company agrees to
use its best efforts to:

     (1) comply with the provisions of paragraph (c) (1) of Rule 144 and

     (2) file with the  Commission  in a timely  manner  all  reports  and other
documents  required to be filed by the  Company  pursuant to Section 13 or 15(d)
under the  Exchange  Act;  and,  if at any time it is not  required to file such
reports but in the past had been required to or did file such reports,  it will,
upon the request of any Holder, make available other information as required by,
and so long as necessary to permit sales of, its Registrable Securities pursuant
to Rule 144.

     8. Assignment

     The rights to have the Company register Registrable  Securities pursuant to
this Agreement shall be  automatically  assigned by the Holders to any permitted
transferee of all or any portion of such Registrable  Securities only if (a) the
Holder agrees in writing with the  transferee or assignee to assign such rights,
and a copy of such  agreement is  furnished  to the Company  within a reasonable
time after such  assignment,  (b) the Company is, within a reasonable time after

                                       11
<PAGE>

such transfer or  assignment,  furnished with written notice of (i) the name and
address of such  transferee or assignee and (ii) the securities  with respect to
which  such  registration   rights  are  being  transferred  or  assigned,   (c)
immediately following such transfer or assignment, the securities so transferred
or assigned to the transferee or assignee constitute  Restricted  Securities and
(d) at or before the time the Company  received the written notice  contemplated
by clause (b) of this sentence the transferee or assignee agrees in writing with
the Company to be bound by all of the provisions contained herein.

     9. Amendment and Waiver

     Any provision of this Agreement may be amended and the  observance  thereof
may  be  waived  (either  generally  or  in a  particular  instance  and  either
retroactively  or  prospectively),  only with the written consent of the Company
and Holders who hold a majority-in-interest of the Registrable  Securities.  Any
amendment or waiver  effected in accordance with this Section 9 shall be binding
upon each Holder and the Company.

     10. Changes in Common Stock

     If, and as often as,  there are any  changes in the Common  Stock by way of
stock split, stock dividend, reverse split, combination or reclassification,  or
through merger,  consolidation,  reorganization or  recapitalization,  or by any
other means,  appropriate  adjustment shall be made in the provisions hereof, as
may be required, so that the rights and privileges granted hereby shall continue
with respect to the Common Stock as so changed.

     11. Miscellaneous

     (A) A person  or  entity  shall be  deemed  to be a holder  of  Registrable
Securities  whenever  such  person or entity  owns of  record  such  Registrable
Securities.  If  the  Company  receives  conflicting  instructions,  notices  or
elections  from  two or more  persons  or  entities  with  respect  to the  same
Registrable  Securities,  the Company shall act upon the basis of  instructions,
notice  or  election  received  from the  registered  owner of such  Registrable
Securities.

     (B)  Except  as may be  otherwise  provided  herein,  any  notice  or other
communication  or delivery  required or permitted  hereunder shall be in writing
and  shall  be  delivered  personally,  or sent by  telecopier  machine  or by a
nationally  recognized overnight courier service, and shall be deemed given when
so delivered  personally,  or by telecopier machine or overnight courier service
as follows:

          (1) if to the Company, to:

                     Soyo Group, Inc.
                     1420 South Vintage Avenue
                     Ontario, California 91761
                     Attention: Nancy Chu
                     Telecopier: 909-937-0783

                                       12
<PAGE>

          (2) if to any  Holder,  at such  address  as such  Holder  shall  have
provided in writing to the Company or as set forth on the signature page.

     The Company, or any Holder may change the foregoing address by notice given
pursuant to this Section 11(C).

     (C)  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.

     (D) This Agreement  shall be governed by and interpreted in accordance with
the  laws of the  State  of  California.  Each of the  parties  consents  to the
jurisdiction  of the  federal  courts  or the  state  courts  of  the  State  of
California sitting in the City of Los Angeles, California in connection with any
dispute  arising under this Agreement and hereby  waives,  to the maximum extent
permitted by law,  any  objection  including  any  objection  based on forum non
conveniens, to the bringing of any such proceeding in such jurisdictions.

     (E)  The  remedies  provided  in  this  Agreement  are  cumulative  and not
exclusive of any remedies provided by law. If any term,  provision,  covenant or
restriction of this Agreement is held by a court of competent jurisdiction to be
invalid, illegal, void or unenforceable, the remainder of the terms, provisions,
covenants  and  restrictions  set forth  herein  shall  remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an  alternative  means to
achieve the same or substantially  the same result as that  contemplated by such
term, provision,  covenant or restriction.  It is hereby stipulated and declared
to be the  intention of the parties that they would have  executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

     (F) This  Agreement,  constitutes  the entire  agreement  among the parties
hereto with respect to the subject  matter  hereof.  There are no  restrictions,
promises, warranties or undertakings,  other than those set forth or referred to
herein. This Agreement supersede all prior agreements and undertakings among the
parties hereto with respect to the subject matter hereof.

     (G) Subject to the  requirements of Section 8 hereof,  this Agreement shall
inure to the benefit of and be binding upon the  successors  and assigns of each
of the parties hereto.

     (H) All  pronouns  and  any  variations  thereof  refer  to the  masculine,
feminine or neuter, singular or plural, as the context may require.

     (I) The headings in this  Agreement are for  convenience  of reference only
and shall not limit or otherwise affect the meaning thereof.

     (J) This Agreement may be executed in two (2)  counterparts,  each of which
shall be deemed an original but both of which shall  constitute one and the same
agreement.  A facsimile transmission of this signed Agreement shall be legal and
binding on the parties hereto.

     (K) The Company may grant to any other party registration  rights which are
superior to or on parity with the registration rights granted hereunder.

                                       13
<PAGE>

     IN WITNESS  WHEREOF,  the parties hereto have duly caused this Agreement to
be executed and delivered on the date first above written.

                                      Soyo Group, Inc., a Nevada corporation

                                      By:_______________________________________
                                         Name:__________________________________
                                         Title:_________________________________

Address:                              Urmston Capital Limited

                                      By:_______________________________________
                                         Name:__________________________________
                                         Title:_________________________________

                                       14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}]]