Document:

ASSIGNMENT AND ASSUMPTION AGREEMENT

This Assignment and Assumption Agreement dated August 19, 2005 ("Assignment
Agreement") between Warner Technology and Investment Corp. ("Warner"), a New
Jersey corporation, its principal shareholder Huakang Zhou ("Zhou") (Warner and
Zhou jointly hereinafter as "Transferees") and Moving Bytes Inc., a Canadian
corporation ("MBYTF").

For value received, the sufficiency of which is hereby acknowledged, it hereby
is agreed:

1. MBYTF hereby assigns, transfers and conveys to Warner all of its rights and
interests in and to all of the assets of MBYTF of ever kind and nature as of the
date hereof, other than the books and records of MBYTF (the "Assets").

2. MBYTF hereby sells, assigns, transfers, conveys and delivers to Warner, and
Warner hereby accepts, all of MBYTF's rights, title and interests whatsoever in
and to all of the Assets.

3. Transferees hereby jointly and severally assume and agree to timely pay or
discharge MBYTF's obligations with respect to all of the liabilities of MBYTF of
any kind or nature existing as of the date hereof or arising out of any events
occurring prior to the date hereof (the "Assumed Liabilities").

4. MBYTF represents that it has the full right, power and authority to assign,
transfer and convey the Assets to Warner.

5. Transferees hereby accept the foregoing assignment and assumes and agree to
perform all of the duties and obligations to be performed by MBYTF after the
date hereof under the terms of the Assumed Liabilities. Transferees agree to
indemnify and hold MBYTF and its directors, officers, shareholders, affiliates
and subsidiaries harmless from any liability or claims for performance or
non-performance by Transferees of such duties and obligations.

6. MBYTF hereby constitutes and appoints Warner and its successors and assigns,
the true and lawful attorney of MBYTF, with full power of substitution, in the
name and stead of MBYTF, but on behalf of and for the benefit of Warner, its
successors and assigns, to demand and receive any and all of the Assets which
are hereby assigned, transferred, conveyed and delivered to Warner, and from
time to time to institute and prosecute actions, suits and demands in the name
of MBYTF, or otherwise, for the benefit of Warner , its successors or assigns,
which Warner , its successors or assigns, may deem proper in order to collect or

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reduce to possession any of such Assets or to enforce any claim or right of any
kind in respect thereof and to do all acts and things in relation to such Assets
which Warner, its successors or assigns, deem desirable, MBYTF hereby declares
that the foregoing powers are coupled with an interest and are not revocable and
will not be revoked by MBYTF.

7. MBYTF hereby agrees that it, from time to time, at the reasonable request of
Warner and without further consideration, will execute and deliver such further
instruments of conveyance, transfer and assignment and will take such other
action as Warner reasonably may request in order more effectively to convey and
transfer to Warner the Assets transferred hereunder.

8. This instrument will be binding upon, and inure to the benefit of the parties
hereto and their respective successors and assigns.

IN WITNESS WHEREOF, MBYTF has caused this Assignment and Assumption Agreement to
be signed on its behalf by its duly authorized officers and its corporate seal
to be hereunto affixed, and Transferees have signed this Assignment and
Assumption Agreement, all as of the day and year first above written.

WARNER TECHNOLOGY AND INVESTMENT CORP.

By:____________________________
      Huakang Zhou
      President

--------------------------------
  Huakang Zhou

MOVING BYTES INC.

By:____________________________Loan Forgiveness and Termination Agreement

      This Loan Forgiveness and Termination Agreement (the "Agreement") is made
this 15th day of August 2005, by and between HUA KANG (DAVID) ZHOU ("Lender")
and MOVING BYTES INC. ("Borrower"), a Canadian company.

      WHEREAS, Lender and Borrower have entered into a Loan Agreement dated as
of June 13, 2005 (the "Loan Agreement"), under which Lender agreed to loan up to
US$50,000 to Borrower to be used for general working capital.

      WHEREAS, Lender has the right to convert all or any part of the amount
loaned to Borrower into common shares of Moving Bytes Inc. at a price equal to
US$.02 per share at any time until December 31, 2005.

      WHEREAS, the outstanding balance under the Loan Agreement is US$10,000
(the "Loan").

      WHEREAS, Lender has agreed to accept all of the assets and assume all of
the liabilities of Borrower pursuant to an Assignment and Assumption Agreement,
dated as of August 12, 2005, by and between Warner Technology Development Co. (a
company controlled by Lender) and Moving Bytes Inc. in connection with a Share
Exchange Agreement, dated as of August 15, 2005, by and among Moving Bytes Inc.,
China International Enterprises Corp. ("CIEC"), all CIEC shareholders, Heng Xing
Technology Group Development Limited and the Escrow Agent thereof.

      WHEREAS, Lender desires to forgive the Loan and terminate the Loan
Agreement.

      NOW, THEREFORE, in consideration of the mutual terms, conditions and other
agreements set forth herein, the parties hereto hereby agree as follows:

      1. Lender hereby agrees to forgive the right to repayment of the Loan in
the amount of US$10,000 by Borrower and waive the right of conversion with
respect to the Loan. Borrower shall have no further obligations or liabilities
whatsoever under the Loan Agreement. The loan forgiveness and waiver of
conversion right under this Section 1 shall become effective immediately as of
the date herein.

      2. The parties hereto agree to terminate the Loan Agreement, effective
immediately as of the date herein.

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

BORROWER:

MOVING BYTES INC.

-----------------------------
Name:  John Leo
Title:  Secretary & Director

LENDER:

-------------------------------
Hua Kang (David) ZhouSHENZHEN HENGTAIFENG TECHNOLOGY CO., LTD.
                               No. 5 Floor 6, Block A
                                Skyworth Building
                             Hi-tech Industrial Park
                                  Nanshan District
                                Shenzhen 518057 P.R. China

                                                      August 19, 2005

American Union Securities Inc.
100 Wall Street, 15th Floor
New York, New York 10005

Attn: John Leo, President

Dear Mr. Leo:

Reference is made to (a) the agreement, dated November 24, 2004 between
Shenzhen Hengtaifeng Technology Co., Ltd. ("HTF") and American Union
Securities Inc. ("AUS") (the "Initial Agreement"), and (b) Amendment No. 1
thereto, dated January 18, 2005 ("Amendment No. 1").

AUS and HTF hereby agree to amend the Initial Agreement and Amendment No.1 as
follows:

      1. Amendments to the Initial Agreement:

      1) Section 3 to Section 5 are rescinded ab initio.

      2. Amendments to Amendment No. 1:

      1) Section 1 shall be changed and read as follows:

      For its services hereunder, AUS shall be paid a fee of $200,000. HTF has
already paid to AUS $100,000 on account of such fee. HTF will wire an additional
$100,000 directly to AUS when Moving Bytes acquires all of the outstanding
common stock of China International Enterprises Corp. ("CIEC") and the
stockholders of CIEC become the controlling stockholders of Moving Bytes.

      2) Section 2 to Section 5 are rescinded ab initio.

      3. Except as amended hereby the Initial Agreement and Amendment No. 1
shall remain in full force and effect.

<PAGE>

      4. This agreement, the Initial Agreement and Amendment No. 1
(collectively, the "Agreements") shall be governed in all respects by the laws
of the State of New York without giving effect to the conflicts of laws
principles thereof. All suits, actions or proceedings arising out of, or in
connection with, the Agreements or the transactions contemplated by the
Agreements shall be brought in any court of competent subject matter
jurisdiction sitting in New York, New York. Each of the parties hereto by
execution and delivery of the Agreements, expressly and irrevocably (i) consents
and submits to the exclusive personal jurisdiction of any such courts in any
such action or proceeding; (ii) consents to the service of any complaint,
summons, notice or other process relating to any such action or proceeding by
delivery thereof to such party as set forth in Section 10.5 hereof; and (iii)
waives any claim or defense in any such action or proceeding based on any
alleged lack of personal jurisdiction, improper venue, forum non conveniens or
any similar basis.

      5. The provisions of the Agreements shall inure to the benefit of, and be
binding upon, the permitted successors and assigns of the parties to the
Agreements.

      6. The Agreements constitute the full and entire understanding and
agreement between the parties with regard to the subject matter hereof and
thereof and supersedes all prior agreements and merge all prior discussions,
negotiations, proposals and offers (written or oral) between them, and no party
shall be liable or bound to any other party in any manner by any
representations, warranties, covenants or agreements except as specifically set
forth herein or therein. Except as expressly provided in the Agreements, neither
the Agreements nor any term hereof may be amended, waived, discharged or
terminated other than by a written instrument signed by the party against whom
enforcement of any such amendment, waiver, discharge or termination is sought.

      7. All notices and other communications given or made pursuant hereto
shall be in writing and shall be deemed to have been given or made if in writing
and delivered personally or sent by registered or certified mail (postage
prepaid, return receipt requested) to the parties at the following addresses:

      If to HFT, to:

      Mr. Li Yuan Qing
      Heng Xing Technology Group Development Limited, and
      Shenzhen Hengtaifeng Technology Co., Ltd.
      No. 5 Floor 6, Block A Skyworth Building Hi-tech Industrial Park Nanshan
      District Shenzhen 518057 P.R. China Tel: +86(755)2674-3553 Fax:
      +86(755)2674-3552

      If to AUS, to:

      American Union Securities Inc.
      100 Wall Street, 15th Floor
      New York, New York 10005
      Tel: +1(212)232-0120 ext. 221
      Fax: +1(212)785-5867

<PAGE>

or to such other persons or at such other addresses as shall be furnished by any
party by like notice to the others, and such notice or communication shall be
deemed to have been given or made as of the date so delivered or mailed. No
change in any of such addresses shall be effective insofar as notices under this
Section 7 are concerned unless such changed address is located in the United
States of America and notice of such change shall have been given to such other
party hereto as provided in this Section 7.

8. Except as expressly provided in the Agreements, no delay or omission to
exercise any right, power or remedy accruing to any other party hereto or its
successors or assigns, upon any breach or default by another party hereto under
the Agreements shall impair any such right, power or remedy of such other party
or its successors or assigns, as the case may be, nor shall it be construed to
be a waiver of any such breach or default, or an acquiescence therein, or of a
waiver of or acquiescence in any similar breach or default thereafter occurring;
nor shall any waiver of any single breach or default be deemed a waiver of any
other breach or default theretofore or thereafter occurring; provided, however,
that this Section 8 shall not be interpreted to extend the date or time for any
right, privilege or option beyond that expressly set forth elsewhere in the
Agreements. Any waiver, permit, consent or approval of any kind or character on
the part of any holder of any breach or default under the Agreements, or any
waiver on the part of any holder of any provisions or conditions of the
Agreements, must be in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under the
Agreements or by law or otherwise afforded to any holder shall be cumulative and
not alternative.

9. The Agreements may be executed in any number of counterparts, each of which
shall be enforceable against the parties actually executing such counterparts,
and all of which together shall constitute one instrument. The Agreements may be
delivered by facsimile, and facsimile signatures shall be treated as original
signatures for all applicable purposes.

10. In the event that any provision of the Agreements become or is declared by a
court of competent jurisdiction to be illegal, unenforceable or void, the
Agreements shall continue in full force and effect without said provision;
provided that no such severability shall be effective if it materially changes
the economic benefit of the Agreements to any party.

11. The titles and subtitles used in the Agreements are used for convenience
only and are not considered in construing or interpreting the Agreements.

12. The parties have participated jointly in the negotiation and drafting of the
Agreements. In the event an ambiguity or question of intent or interpretation
arises, the Agreements shall be construed as if drafted jointly by the parties
and no presumption or burden of proof shall arise favoring or disfavoring any
party by virtue of the authorship of any of the provisions of the Agreements.
Any reference to any federal, state, local or foreign statute or law shall be
deemed also to refer to all rules and regulations promulgated thereunder and any
applicable common law, unless the context requires otherwise. Terms used with
initial capital letters will have the meanings specified, applicable to singular
and plural forms, for all purposes of the Agreements.

13. The parties agree (a) to furnish upon request to each other such further
information, (b) to execute and deliver to each other such other documents, and
(c) to do such other acts and things, all as they other party may reasonable
request for the purpose of carrying out the intent of the Agreements and the
documents referred to in the Agreements.

<PAGE>

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

SHENZHEN HENGTAIFENG TECHNOLOGY CO., LTD.

By:   ________________________
Name: Li Yuan Qing
Title:   Chairman

AMERICAN UNION SECURITIES INC.

By:____________________
Name:  John Leo
Title: President

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