Document:

Exhibit
          10.1

         

        HRDQ
          GROUP,
          INC.

         

         

        SERIES
          A PREFERRED AND 

        COMMON
          STOCK PURCHASE AGREEMENT 

         

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

         

         

        RECITALS

         

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

         

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

         

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

         

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

         

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

         

         

        AGREEMENT

         

        
          	
                	1.	
                  AGREEMENT
                    TO SELL AND PURCHASE.

                

        

         

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

        
 

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

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

         

        
          	
                	2.	
                  CLOSING,
                    DELIVERY AND PAYMENT.

                

        

         

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

         

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

         

        
          	
                	3.	
                  REPRESENTATIONS
                    AND WARRANTIES OF THE COMPANY.

                

        

         

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

         

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

         

        
          
             

          

          
            2

            
              

            

          

          
             

          

        

         

        3.2  Subsidiaries.
          The
          Company owns
          100% of
          the ownership interests of Guangzhou Panyu Minmetals Import & Export Co.,
          Ltd., a P.R.China limited liability company.

         

        3.3  Capitalization;
          Voting Rights.

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            3

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

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

         

        3.6  Agreements;
          Action. 

         

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

         

        
          
             

          

          
            4

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            5

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            6

            
              

            

          

          
             

          

        

         

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

         

        3.10  Intellectual
          Property. 

         

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

         

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

         

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

         

        
          
             

          

          
            7

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            8

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

        
          
             

          

          
            9

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            10

            
              

            

          

          
             

          

        

         

        
          	
                	4.	
                  REPRESENTATIONS
                    AND WARRANTIES OF
                    PURCHASER.

                

        

         

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

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            11

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            12

            
              

            

          

          
             

          

        

         

        
          	
                	5.	
                  CONDITIONS
                    TO CLOSING.
                    

                

        

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            13

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            14

            
              

            

          

          
             

          

        

         

        
          	
                	6.	
                  MISCELLANEOUS.

                

        

         

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

         

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

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            15

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

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

         

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

         

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

         

        
          
             

          

          
            16

            
              

            

          

          
             

          

        

         

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

         

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

         

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

         

        **End
          of Agreement
          - Signature Page Follows**

         

        
          
             

          

          
            17

            
              

            

          

          
             

          

        

         

        IN
          WITNESS WHEREOF,
          the
          parties hereto have executed the SERIES
          A PREFERRED AND
          COMMON STOCK PURCHASE AGREEMENT
          as of
          the date set forth in the first paragraph hereof.
          

         

        

        
          	 	 	 
	
                  COMPANY:

                
	 
	
                  HRDQ
                    GROUP, INC.

                
	 	 
	
                  By:

                	
                   

                	
                  /s/
                    Limei Deng

                
	
                  Name:

                	
                   

                	
                  Limei
                    Deng

                
	
                  Title:

                	
                   

                	
                  President

                

        

        

        
          	 	 	 
	
                  Address:

                	
                   

                	
                  2/F.,
                    Huiridianqi Shayu Road

                
	
                   

                	
                   

                	
                  Panyu
                    Guangzhou, GD511490 China

                

        

        

        

        
          	 	 	 
	
                  PURCHASER:

                
	 
	
                  Top
                    Rider Group Limited,

                
	 	 
	
                  By:

                	
                   

                	
                  /s/
                    Martin
                    Chang

                
	
                   

                	
                   

                	
                  Martin
                    Chang, Manager

                
	 
	
                  Address:

                	
                  4/F.,
                    74 Shanan Road, Shiqiao

                
	
                   

                	
                  Panyu
                    Guangzhou, GD511400 China

                

        

        

        
          
             

          

          
            18Exhibit
      10.4

    

     

    ACQUISITION
      AGREEMENT

     

    THIS
      ACQUISITION AGREEMENT is
      made
      as of June 16, 2006 (this “Agreement”),
      by
      and among HRDQ GROUP, INC., a Delaware corporation (the “Company”),
      TELECOM COMMUNICATIONS, INC., a Delaware corporation (“Telecom”),
      ALPHA
      CENTURY HOLDINGS, LTD, a BVI corporation (“Alpha”),
      and
      CHINA DONGGUAN NETWORKS, INC, a BVI corporation (“CDN,”
and
      together with Alpha, the “Owners”).
      

     

    RECITALS
      

     

    WHEREAS,
      as of
      the date hereof, Telecom is the sole shareholder of and owns 100% of the
      outstanding shares interests in Alpha;

     

    WHEREAS,
      as of
      the date hereof, Alpha and CDN hold an interest in certain assets used in the
      operation of the business known as subaye.com and the associated website located
      at www.subaye.com (collectively, the “Business”);
      

     

    WHEREAS,
      the
      Owners desire to contribute all of their respective right, title and interest
      in
      and to the Acquired Assets (as defined below) to the Company upon the terms
      and
      conditions set forth herein; 

     

    WHEREAS,
      the
      Company desires to accept from the Owners all of the Owners’ right, title and
      interest in and to the Acquired Assets on the terms and conditions set forth
      herein and, in consideration therefor, (i) (a) to issue shares of common stock
      of the Company (the “Common
      Stock”),
      (b)
      pay cash to each Owner and (c) to issue a promissory note in the form of
Exhibit
      A
      hereto
      to Alpha (which shall be immediately assigned by Alpha to Telecom) (the
“Promissory
      Note”)
      and
      (ii) to assume the Assumed Liabilities (as defined below), each asset set forth
      herein; and 

     

    WHEREAS,
      the
      transactions contemplated by this Agreement and the transactions contemplated
      by
      that certain Series A Preferred and Common Stock Purchase Agreement, dated
      of
      even date herewith, by and between the Company and the Purchasers (as defined
      therein) are intended to constitute a single transaction for purposes of Section
      351 of the Internal Revenue Code of 1986, as amended. 

     

    ACQUISITION
      AGREEMENT

     

    NOW,
      THEREFORE,
      in
      consideration of the mutual covenants and promises contained herein and for
      other good and valuable consideration the receipt and adequacy of which are
      hereby acknowledged, the parties hereto, intending to be legally bound, hereby
      agree as follows: 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    AGREEMENT

     

    Section
      1 
      Acquisition and Assumption.

     

    (a)  On
      and as
      of the date hereof, each Owner hereby sells, assigns, transfers, conveys and
      delivers to the Company all of its right, title, and interest in, to and under
      the assets of the Business identified on Exhibit B attached hereto (the
“Acquired Assets”). On and as of the date hereof, the Company hereby accepts the
      foregoing assignment of each Acquired Asset.

     

    (b)  Notwithstanding
      anything to the contrary contained herein (including on Exhibit B), the Acquired
      Assets shall not include, and the Owners shall not sell any of their rights,
      title or interest in and to any asset identified on Exhibit
      C
      attached
      hereto or any other asset that is not used primarily in the Business (the
“Excluded
      Assets”).

     

    (c)  Upon
      the
      terms and subject to the conditions of this Agreement, the Company hereby
      assumes, effective as of the date hereof, and agrees to pay, perform and
      discharge when due, and indemnify, defend and hold harmless from and after
      the
      Closing Date (as defined below), Telecom, Alpha, CDN and each of their
      respective affiliates, and each of their respective officers, directors and
      employees, from and against any and all obligations and liabilities, whether
      known or unknown, arising out of, relating to or otherwise in respect of the
      Acquired Assets, the Business or the operation or conduct of the Business before
      the date hereof (collectively, the “Assumed
      Liabilities”),
      including without limitation the liabilities listed on Exhibit
      D
      attached
      hereto, but excluding the liabilities listed on Exhibit
      E
      attached
      hereto (the “Retained
      Liabilities”).

     

    (d)  (i)
      Notwithstanding anything in this Agreement to the contrary, this Agreement
      shall
      not constitute an agreement to assign any asset or any claim or right or any
      benefit arising under or resulting from such asset if an attempted assignment
      thereof, without the consent of a third party, would constitute a breach,
      default, violation or other contravention of the rights of such third party,
      would be ineffective with respect to any party to an agreement concerning such
      asset, claim or right, or would in any way adversely affect the rights of either
      Owner or, upon transfer, the Company under such asset, claim or right. If any
      transfer or assignment by the Owners to the Company, or any assumption by the
      Company of, any interest in, or liability, obligation or commitment under,
      any
      asset, claim or right requires the consent of a third party, then such transfer
      or assignment or assumption shall be made subject to such consent being
      obtained. The Company agrees that neither Owner nor any of such Owner’s
      affiliates shall have any liability to the Company arising out of or relating
      to
      the failure to obtain any such consent or because of any circumstances resulting
      therefrom.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (i)  If
      any
      such consent has not been obtained prior to the consummation of this Agreement,
      the parties shall use commercially reasonable efforts to secure such consent
      as
      promptly as practicable and Owners shall cooperate with the Company (at the
      Company’s expense) to structure a lawful and commercially reasonable arrangement
      under which (i) the Company shall obtain (without infringing upon the legal
      rights of such third party or violating any applicable law) the economic claims,
      rights and benefits (net of the amount of any related tax costs imposed on
      either Owner or any of their respective affiliates) under the asset, claim
      or
      right with respect to which the consent has not been obtained and (ii) the
      Company shall assume any related economic burden (including the amount of any
      related tax costs imposed on either Owner or any of their respective affiliates)
      with respect to the asset, claim or right with respect to which the consent
      has
      not been obtained.

     

    (e)  The
      Company hereby acknowledges and agrees that Owner makes no representations
      or
      warranties whatsoever, express or implied, with respect to any matter relating
      to this Agreement, the Acquired Assets or the Assumed Liabilities, except that
      each Owner, severally and not jointly, hereby represents and warrants that
      (i)
      such Owner has all necessary power and authority to execute and deliver this
      Agreement and to carry out its provisions; (ii) all action on Owner’s part
      required for the lawful execution and delivery of this Agreement has been taken;
      and (iii) upon such Owner’s execution and delivery, this Agreement will be a
      valid and binding obligation of such Owner, enforceable in accordance with
      its
      terms, except (x) as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium or other laws of general application affecting
      enforcement of creditors’ rights, and (y) as limited by general principles of
      equity that restrict the availability of equitable remedies.

     

    (f)  Subject
      to Section (6) hereof, without limiting the foregoing, each Owner hereby
      disclaims any warranty (express or implied) of merchantability or fitness for
      any particular purpose as to any portion of the Acquired Assets. Accordingly,
      subject to Section (6) hereof, the Company accepts the Acquired Assets and
      the
      Assumed Liabilities “AS IS,” “WHERE IS,” and “WITH ALL FAULTS.”

     

    Section
      2  Consideration

     

    (a)  In
      consideration of the assignment to the Company by the Owners of the Acquired
      Assets hereunder, on the date hereof, in addition to the Company’s assumption of
      the Assumed Liabilities, the Company shall (i) issue the Promissory Note to
      Alpha (which shall be immediately assigned to Telecom and restated to reflect
      that Telecom shall be the
      Payee
      thereunder), pay $1,950,800 in cash by wire transfer of immediately available
      funds to CDN, (ii) issue 798,747 shares of Common Stock of the Company to CDN
      and (iii) issue 2,024,192 shares of Common Stock of the Company to Alpha (which
      shares shall be distributed immediately to Telecom).

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (b)  In
      the
      event the amount of the Telecom Advance (as defined below) exceeds $1.5 million
      (the amount of such excess, the “Excess
      Telecom Advance”),
      then
      the principal amount of the Promissory Note shall be increased by the amount
      of
      the Excess Telecom Advance (and the Company shall deliver to Telecom an amended
      and restated Promissory Note reflecting such increased principal amount in
      exchange for cancellation of the original Promissory Note). In the event the
      amount of the Telecom Advance is less than $1.5 million (the amount by which
      the
      Telecom Advance is less than $1.5 million, the “Telecom
      Advance Shortfall”),
      then
      the principal amount of the Promissory Note shall be reduced by the amount
      of
      the Telecom Advance Shortfall (and the Company shall deliver to Telecom an
      amended and restated Promissory Note reflecting such decreased principal amount
      in exchange for cancellation of the original Promissory Note). The completion
      of
      the adjustment contemplated by this Section 2(b) shall in no way affect the
      enforceability of or Telecom’s rights under the Promissory Note unless and until
      the Promissory Note is exchanged for a duly executed amended and restated
      Promissory Note in accordance with this Section 2(b). As used in this Section
      2(b), “Telecom
      Advance”
means
      the sum of (i) the value of the tangible assets and software licenses purchased
      by Telecom (or by Alpha with funds advanced by Telecom) for the Business prior
      to October 1, 2004 plus (ii) the amount of funds expended by Telecom to purchase
      tangible assets and software licenses for the Business (or advanced by Telecom
      to Alpha to purchase tangible assets or software licenses for the Business)
      on
      or after October 1, 2004. 

     

    (c)  Within
      twenty (20) business days of the date hereof, Telecom shall deliver to the
      Company Telecom’s calculation of the Telecom Advance. In the event the Company
      objects in good faith to Telecom’s calculation of the Telecom Advance, then the
      Company shall notify Telecom of such objection in writing with 10 (ten) business
      days of receipt of such calculation and set forth the basis for such objection
      in reasonable detail (the “Objection
      Notice”).
      If
      the Company does not notify Telecom in writing of an objection within such
      10
      (ten) business day period, then Telecom’s calculation of the Telecom Advance
      shall be binding upon the parties hereto. If the Company does notify Telecom
      in
      writing of such objection in accordance with this Section 2(c), then the parties
      hereto shall use good faith efforts to resolve the dispute in respect of the
      calculation of the Telecom Advance. In the event the parties hereto are unable
      to resolve such dispute within ten business days of Telecom’s receipt of the
      Objection Notice, then the respective Chief Executive Officers of Telecom and
      the Company shall attempt in good faith to resolve such dispute, and if the
      dispute is not resolved within twenty (20) business days of Telecom’s receipt of
      the Objection Notice, then the parties hereto shall refer the dispute to an
      independent accounting firm (which shall not be the independent accounting
      firm
      of either of Telecom or the Company) designated by Telecom and reasonably
      acceptable to the Company, and the determination of such accounting firm shall
      be binding on the parties hereto. The costs of such independent accounting
      firm
      shall be borne by the party that is not the prevailing party (the prevailing
      party shall be the party whose calculation of the Telecom Advance is closest
      in
      amount to the calculation of the Telecom Advance that is ultimately determined
      by such accounting firm).

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

    Section
      3  Termination
      of Rights Agreement 

     

    CDN
      and
      Telecom hereby agree that, as of the date hereof, the Rights Agreement, dated
      as
      of November 11, 2005 (the “Rights
      Agreement”),
      by
      and between CDN and Alpha, shall be terminated and of no further force or
      effect, and CDN and Alpha agree that neither party shall have any further
      obligations or liabilities to the other arising out of, resulting from or in
      connection with the Rights Agreement or the Asset Acquisition Agreement, dated
      as of November 11, 2005, by and between CDN and Alpha. 

     

    Section
      4  The
      Closing

     

    (a)  The
      consummation of the acquisition of the Acquired Assets and assumption of the
      Assumed Liabilities shall be held at the offices of Kirkpatrick
      & Lockhart Nicholson Graham LLP 599 Lexington Avenue, New York, New York
      10022,
      on the
      date hereof, or such other date after the date hereof as the Company and the
      Owners may mutually agree in writing (the “Closing
      Date”).

     

    (b)  On
      the
      Closing Date, the Owners shall deliver (duly and fully executed, acknowledged
      and notarized as appropriate) to the Company the following:

     

    (i)  a
      duly
      executed counterpart to the bill of sale for all of the Acquired Assets that
      constitute tangible personal property in the form attached hereto as
Exhibit
      F (the
      “Bill
      of Sale”);

     

    (ii)  a
      duly
      executed counterpart to the assignment of contracts rights in the form attached
      hereto as Exhibit
      G
      (the
“Assignment
      of Contract Rights”);

     

    (iii)  a
      duly
      executed counterpart to the assignment of intellectual property in the form
      attached hereto as Exhibit
      H
      (the
“Assignment
      of IP”);
      and

     

    (iv)  such
      other bills of sale, assignments, certificates of title, documents and other
      instruments of transfer, conveyance and/or assumption as may be reasonably
      necessary to transfer to the Company the Owners’ right, title and interest in
      and to the Acquired Assets and for the Company to assume the Assumed
      Liabilities.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (c)  On
      the
      Closing Date, the Company shall deliver (duly and fully executed, acknowledged
      and notarized as appropriate) the following:

     

    (i)  cash
      in
      the amount set forth in Section
      2
      above to
      each Owner;

     

    (ii)  stock
      certificates to each Owner representing the number of shares to be issued to
      such Owner pursuant to Section
      2
      above;

     

    (iii)  a
      duly
      executed counterpart to each of the Assignment of Contract Rights, the Bill
      of
      Sale and the Assignment of IP to each Owner;

     

    (iv)  a
      duly
      executed counterpart to the assumption of liabilities in the form attached
      hereto as Exhibit
      I
      (the
“Assumption
      of Liabilities”);

     

    (v)  the
      Promissory Note to Telecom; and

     

    (vi)  such
      other bills of sale, assignments, certificates of title, documents and other
      instruments of transfer, conveyance and/or assumption as may be reasonably
      necessary to transfer to the Company the Owners’ right, title and interest in
      and to the Acquired Assets and for the Company to assume the Assumed
      Liabilities.

     

    Section
      5  Miscellaneous.

     

    (a)  Amendments;
      No Waivers.
      This
      Agreement may be amended or modified only by a written instrument executed
      by
      all parties hereto. No failure or delay by any party in exercising any right,
      power or privilege under this Agreement shall operate as a waiver thereof nor
      shall any single or partial waiver or exercise thereof preclude the enforcement
      of any other right, power or privilege.

     

    (b)  Governing
      Law.
      This
      Agreement shall be governed by and construed under the laws of the
      State
      of New
      York without giving
      effect
      to the choice of law provisions thereof.

     

    (c)  Notices.
      All
      notices required or permitted hereunder shall be in writing and shall be deemed
      effectively delivered upon personal delivery to the party to be notified, or
      upon the passage of five (5) calendar days after deposit in the United States
      mail, by registered or certified mail, postage prepaid, or the passage of two
      (2) days if sent by the next day delivery service of a nationally-recognized
      reputable courier, each properly addressed to the party to be notified, as
      set
      forth on the signature page hereto or at such other address as such party may
      designate by ten (10) calendar days’ advance written notice to the other parties
      hereto, or, if sent by facsimile, upon completion of such facsimile
      transmission, as conclusively evidenced by the transmission receipt thereof.
      

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (d)  Headings.
      The
      section headings contained in this Agreement are inserted for convenience only
      and shall not affect in any way the meaning or interpretation of this
      Agreement.

     

    (e)  Counterparts.
      This
      Agreement may be executed in two or more counterparts and signature pages may
      be
      delivered by facsimile, each of which shall be deemed an original, but all
      of
      which together shall constitute one and the same instrument.

     

    (f)  Successor
      and Assigns.
      This
      Agreement shall be binding upon, shall inure to the benefit of, and shall be
      enforceable by the parties and their respective legal representatives,
      successors and permitted assigns.

     

    (g)  Further
      Assurances.
      Each of
      the parties hereto does hereby covenant and agree on behalf of itself, its
      legal
      representatives, successors and permitted assigns, without further
      consideration, to prepare, execute, acknowledge, file, record, publish, and
      deliver such other instruments, documents and statements, and to take such
      other
      action as may be required by law or reasonably necessary to carry out the
      purposes of this Agreement.

     

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

     

    (i)  Entire
      Agreement.
      This
      Agreement, together with the exhibits and the other agreements, instruments
      and
      other documents executed and/or delivered in connection herewith, constitute
      the
      entire agreement among the parties pertaining to the subject matter hereof,
      and
      supersede all prior oral and written, and all contemporaneous oral, agreements
      and understanding pertaining hereto. There are no agreements, understandings,
      restrictions, warranties or representations relating to such subject matter
      among the parties hereto other than those set forth herein.

     

    (j)  Specific
      Performance.
      Without
      limiting the rights of each party hereto to pursue all other legal and equitable
      rights available to such party for any other party’s failure to perform its
      obligations under this Agreement, each such party acknowledges and agrees that
      the remedy at law for any failure to perform obligations hereunder would be
      inadequate and all such parties shall be entitled to specific performance,
      injunctive relief, or other equitable remedies in the event of any such failure.
      The availability of these remedies shall not prohibit the parties from pursuing
      any other remedies for such breach, including the recovery of monetary
      damages

     

     

    (Signature
      Page Follows)

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

    

    IN
      WITNESS WHEREOF,
      the
      undersigned have caused this Acquisition Agreement to be executed by their
      respective officers or representatives thereunto duly authorized as of the
      date
      first above written.

     

    
      	 	 	 
	
              HRDQ
                GROUP, INC.

            
	 	 
	
              By:

            	
               

            	
              /s/
                Limei Deng 

            
	
              Name:

            	
               

            	
              Limei
                Deng

            
	
              Title:

            	
               

            	
              President

            

    

     

    ADDRESS
      FOR NOTICE: 

    2/F
      Huiridianqi Shayu Road,

    Panyu,
      Guangzhou, GD511490 China 

    Attn:
      Limei Deng 

     

    
      	 	 	 
	
              TELECOM
                COMMUNICSTIONS, INC.

            
	 	 
	
              By:

            	
               

            	
              /s/
                Tim Chen

            
	
              Name:

            	
               

            	
              Tim
                Chen 

            
	
              Title:

            	
               

            	
              Chief
                Executive Officer

            

    

     

    ADDRESS
      FOR NOTICE:  

    9/F.,
      Beijing Business World 

    56
      Dongxinglong Avenue 

    CW
      District, Beijing, China 100062 

    Attn:
      Victor Li, General Counsel 

     

    
      	
              ALPHA
                CENTURY HOLDINGS LTD

            
	 	 
	
              By:

            	
               

            	
              Telecom
                Communications, Inc.

            
	
               

            	
               

            	
              By:

            	
               

            	
              /s/
                Tim Chen

            
	
               

            	
               

            	
              Name:

            	
               

            	
              Tim
                Chen

            
	
               

            	
               

            	
              Title:

            	
               

            	
              Chief
                Executive Officer

            

    

     

    ADDRESS
      FOR NOTICE: 

    9/F.,
      Beijing Business World 

    56
      Dongxinglong Avenue 

    CW
      District, Beijing, China 100062 

    Attn:
      Victor Li, General Counsel

     

    
      	 	 	 
	
              CHINA
                DONGGUAN NETWORKS, INC

            
	 	 
	
              By:

            	
               

            	
              /s/
                Limei Deng

            
	
              Name:

            	
               

            	
              Limei
                Deng

            
	
              Title:

            	 	
              President

            

    

     

    ADDRESS
      FOR NOTICE: 

    2/F
      Huiridianqi Shayu Road,

    Panyu,
      Guangzhou, GD511490 China 

    Attn:
      Limei Deng 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    EXHIBIT
      A 

     

    FORM
      OF PROMISSORY NOTE 

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    EXHIBIT
      B 

     

    ACQUIRED
      ASSETS 

     

    A.
      Domain Name.
      The
“www.subaye.com” and “seo4mobile.net” Internet domain names, including all
      registrations thereof, including, without limitation, the Network Solutions,
      Inc., or any other applicable registrars, registrations thereof, and all rights
      to listings or keyword associations in any Internet search engines or
      directories associated with the domain names (collectively, the “Domain
      Names”).
      

     

    B.
      Web Site and Web Site Materials.
      The web
      pages created or acquired by Telecom or Alpha with respect to the Business
      and
      principally associated with, or located at or under, the Domain Names
      (collectively, the “Web
      Site”),
      including all Web Site Materials. “Web
      Site Materials”
means:
      (i) web pages, support files and related information and data principally
      associated with the Web Site; (ii) any and all text, graphics, HTML or similar
      code, applets, scripts, programs, databases, source code, object code,
      templates, forms, image maps, documentation, audio files, video files, log
      files
      or customer data, in each case principally associated with the Web Site; (iii)
      all copyrights, copyright registrations, copyright applications, trade secrets,
      moral rights, publicity rights and know-how, in each case principally associated
      with the Web Site; (iv) all content that has appeared in any past or present
      editions of the Web Site, whether archived on the Web Site or otherwise; and
      (v)
      the operation, concepts, look and feel of the Web Site and Web Site Materials
      listed in clauses (i) through (iv) above (the “Content”).
      

     

    C.
      Trademarks.
      All
      trademarks, trade names or service marks related to the Domain Names
      and “subaye.com”
      and “seo4mobile.net”, including any registrations or applications for
      registration, and all goodwill associated therewith (collectively, the
“Marks”).
      All
      income, royalties, damages and payments due or payable and causes of action
      for
      infringement or violation of all rights in and to the Marks after the Closing
      Date as they pertain to the rights hereby assigned. 

     

    D.
      Customer Information.
      All
      customer lists, databases, and files of the Business and documents relating
      to
      customers of the Business. 

     

    E.
      Permits and Licenses.
      All
      governmental franchises, licenses, approvals, authorizations and permits that
      are held or used primarily in connection with the Business (the “Assumed
      Permits”).
      

     

    F.
      Tangible Personal Property.
      The
      tangible personal property listed on Schedule B-1 hereto. 

     

    G.
      Contracts.
      The
      contracts listed on Schedule B-2 hereto and any other contract that relates
      exclusively to the Business (the “Assumed
      Contracts”).
      

     

    H.
      Accounts Receivable. All
      accounts receivable of the Business.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C 

     

    EXCLUDED
      ASSETS 

     

    A.
      All
      cash and cash equivalents of either Owner. 

     

    B.
      All
      rights, claims and causes of action of either Owner relating to any Excluded
      Asset or any of the Retained Liabilities. 

     

    C.
      Any
      shares of capital stock of (i) Owner or (ii) any affiliate of either Owner.
      

     

    D.
      Any
      assets relating to any employee benefit plan in which any employees of either
      Owner or any of their respective affiliates participate. 

     

    E.
      Any
      refunds or credits, claims for refunds or credits or rights to receive refunds
      or credits from any governmental authority with respect to income taxes paid
      or
      to be paid by either Owner or any of their respective affiliates relating to
      periods or portions thereof ending on or prior to the date of the Agreement.
      

     

    F.
      Any
      records (including accounting records) related to any taxes paid or payable
      by
      either Owner, or any of their respective affiliates, and all financial and
      tax
      records relating to the Business that form part of either Owner’s, or any of
      their respective affiliates, general ledger. 

     

    G.
      All
      rights of either Owner under this Agreement and any other agreements,
      certificates and instruments otherwise delivered in connection with this
      Agreement. 

     

    H.
      The
      name and mark “Telecom”, any other names and marks of either Owner other than
      those related to the Business (in each case in any style or design), and any
      name or mark derived from or including any of the foregoing. 

     

    I.
      All
      corporate-level services of the type currently provided to the Business by
      either Owner or their respective affiliates. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      D

     

    ASSUMED
      LIABILITIES 

     

    A.
      All
      obligations, liabilities and commitments of either Owner or its affiliates
      under
      the Assumed Contracts and/or Assumed Permits; 

     

    B.
      All
      accounts payable, accrued liabilities and other current liabilities of either
      Owner or its affiliates arising out of the operation or conduct of the Business
      or otherwise in respect of the Business; 

     

    C.
      All
      obligations, liabilities and commitments in respect of any and all products
      manufactured or sold and all services provided by the Business at any time,
      including obligations, liabilities and commitments for refunds, adjustments,
      allowances, repairs, exchanges, returns and warranty, product liability,
      merchantability and other claims; 

     

    D.
      All
      obligations, liabilities and commitments in respect of any pending or threatened
      proceedings, and claims, whether or not presently asserted, arising out of,
      relating to or otherwise in any way in respect of the Business or the operation
      or conduct of the Business at any time; 

     

    E.
      all
      liabilities of either Owner or any affiliate of a Owner with respect to
      employees of the Business that become employees of the Company, including
      without limitation any accrued vacation time and accrued but unpaid wages;
      and

     

     F.
      All taxes (other than income taxes described in clause (A) of Exhibit F) arising
      out of or relating to the operation of the Business for all taxable periods
      including, without limitation, any transfer taxes arising out of the
      consummation of the transactions contemplated by this Agreement. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      E 

     

    RETAINED
      LIABILITIES 

     

    A.
      All
      income taxes (if any) arising out of the operation of the Business imposed
      on
      any Owner or affiliates of any Owner for any taxable periods ending on or prior
      to the date of this Agreement and the portion ending on the date of this
      Agreement of any taxable period that includes (but does not end) on the date
      of
      this Agreement. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      F

     

    FORM
      OF BILL OF SALE 

     

    FOR
      AND
      IN CONSIDERATION OF the sum required to be paid pursuant to that certain
      Acquisition Agreement, dated as of June 16, 2006, by and among HRDQ Group,
      Inc.,
      a Delaware corporation (the “Company”),
      Alpha
      Century Holdings, Ltd, a BVI corporation (“Alpha”),
      China
      Dongguan Networks, Inc, a BVI corporation (“CDN”
and,
      together with Alpha, the “Owners”),
      and
      Telecom Communications, Inc., a Delaware corporation (the “Acquisition
      Agreement”),
      the
      receipt and sufficiency of which are hereby acknowledged, Owners do hereby
      sell
      and convey to the Company, all of Owners’ right, title and interest in and to
      the Acquired Assets (as defined in the Acquisition Agreement) including the
      assets described on Schedule
      1
      attached
      hereto and made a part hereof (the “Property”).
      

     

    This
      instrument may be executed in one or more counterparts, each of which shall
      be
      deemed an original, and all of which, when taken together, shall be deemed
      one
      instrument, but no counterpart shall be binding unless an identical counterpart
      shall have been executed and delivered, including by facsimile by each of the
      other parties hereto. 

     

    (Signature
      Page Follows)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Bill of Sale as of the
      16th day of June, 2006. 

     

     

    
       

      
        	
                OWNERS:

              
	 
	
                
                  Alpha
                    Century Holdings, Ltd

                

              
	 	 
	
                By:

              	
                 

              	
                Telecom
                  Communications, Inc.

                Managing
                  Member

              
	 	 	 	 	 
	
                 

              	
                 

              	
                By:

              	
                 

              	
                
                  /s/
                    Tim Chen

                

              
	
                 

              	
                 

              	
                Name:

              	
                 

              	
                Tim
                  Chen

              
	
                 

              	
                 

              	
                Title:

              	
                 

              	
                Chief
                  Executive Officer

              

      

    

     

     

    
      
         

        
          	
                  
                    China
                      Dongguan Networks, Inc, a BVI corporation

                  

                
	 
	
                  By:

                	
                   

                	
                  
                    /s/
                      Limei Deng

                  

                
	
                  Name:

                	
                   

                	
                  
                    Limei
                      Deng

                  

                
	
                  Title:

                	
                   

                	
                  
                    President

                  

                

        

      

       

    

     

     

     

     

    
      	 	 	 
	
              ACKNOWLEDGED
                AND AGREED:

               

            
	 
	
              THE
                COMPANY:

               

            
	 
	
              HRDQ
                GROUP, INC., a Delaware 

               

              corporation

               

            
	 	 
	
              By:

            	
               

            	
              
                /s/
                  Limei Deng

              

            
	
              Name:

            	
               

            	
              Limei
                Deng

            
	
              Title:

            	 	
              President

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      G 

     

    FORM
      OF ASSIGNMENT AND ASSUMPTION OF 

    CERTAIN
      CONTRACT RIGHTS 

     

    For
      good
      and valuable consideration, the receipt and adequacy of which are hereby
      acknowledged, Telecom Communications, Inc., a Delaware corporation
      (“Telecom”),
      China
      Dongguan Networks, Inc, a BVI corporation (“CDN”),
      and
      Alpha Century Holdings, Ltd, a BVI corporation (“Alpha”
and,
      together with Telecom and CDN, “Assignors”),
      do
      hereby assign, convey, transfer and deliver to HRDQ Group, Inc., a Delaware
      corporation (the “Company”),
      subject to and upon the terms and conditions of that certain Acquisition
      Agreement, dated as of June 16, 2006, by and among the Company and Assignors
      (the “Acquisition
      Agreement”),
      all
      of Assignors’ right, title and interest in and to (if any) the agreements listed
      on Schedule A attached hereto and made a part hereof together with all
      amendments and clarifications attached thereto (the “Contracts”).
      

     

     

    The
      Company hereby accepts said assignment and hereby assumes the Contracts subject
      to and upon the terms and conditions of each of the Acquisition Agreement and
      the Assumption of Liabilities dated as of the date hereof. 

     

    (Signature
      Page Follows)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, Assignor and the Company, intending to be legally bound hereby,
      have caused this instrument to be executed and delivered as of this 16th day
      of
      June, 2006. 

     

     

    
      	 	 	 	 	 
	
              ASSIGNORS:

            
	 
	
              Telecom
                Communications, Inc., a Delaware corporation

            
	 	 
	
              By:

            	
               

            	
              
                /s/
                  Tim Chen

              

            
	
              Name:

            	
               

            	
              Tim
                Chen

            
	
              Title:

            	
               

            	
              Chief
                Executive Officer

            
	 
	
              China
                Dongguan Networks, Inc, a BVI corporation

            
	 	 
	
              By:

            	
               

            	
              
                /s/
                  Limei Deng

              

            
	
              Name:

            	
               

            	
              Limei
                Deng

            
	
              Title:

            	
               

            	
              President

            
	 
	
              Alpha
                Century Holdings, Ltd, a BVI corporation

            
	 	 
	
              By:

            	
               

            	
              Telecom
                Communications, Inc.

              Managing
                Member

            
	 	 	 
	
               

            	
               

            	
              By:

            	
               

            	
              
                /s/
                  Tim Chen

              

            
	
               

            	
               

            	
              Name:

            	
               

            	
              Tim
                Chen

            
	
               

            	
               

            	
              Title:

            	
               

            	
              Chief
                Executive Officer

            
	 
	
              THE
                COMPANY:

            
	 
	
              HRDQ
                Group, Inc., a Delaware corporation

            
	 	 
	
              By:

            	
               

            	
              
                /s/
                  Limei Deng

              

            
	
              Name:

            	
               

            	
              Limei
                Deng

            
	
              Title:

            	
               

            	
              President

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      H 

    ASSIGNMENT
      OF INTELLECTUAL PROPERTY

     

    This
      ASSIGNMENT OF INTELLECTUAL PROPERTY (this “Assignment”),
      dated
      as of June 16, 2006, is entered into by Alpha Century Holdings, Ltd, a BVI
      corporation (“Alpha”),
      and
      China Dongguan Networks, Inc, a BVI corporation (“CDN,”
and
      together with Alpha, the “Assignors”),
      as
      assignors, in favor of HRDQ Group, Inc., a Delaware corporation (the
“Assignee”),
      as
      assignee, with reference to the following facts and circumstances: 

     

    WHEREAS,
      Assignors and Assignee have entered into an Acquisition Agreement, dated as
      of
      June 16, 2006, by and among Assignors, Assignee and Telecom Communications,
      Inc., a Delaware corporation (the “Acquisition
      Agreement”),
      pursuant to which Assignors have agreed to contribute all of their respective
      right, title and interest in and to the Acquired Assets to the Assignee upon
      the
      terms and conditions set forth therein; and 

     

    WHEREAS,
      Assignee would not have entered the Acquisition Agreement but for Assignors’
execution of this Assignment. 

     

    NOW,
      THEREFORE, to all whom it may concern, be it known that for good and valuable
      consideration the receipt and adequacy of which is hereby acknowledged, Assignor
      agrees: 

     

    1.
      Definitions.
      Except
      as specified to the contrary, all capitalized terms in this Assignment shall
      have the meanings assigned to them in the Acquisition Agreement, including
      the
      Exhibits thereto. 

     

    2.
      Assignment
      of Intellectual Property.
      Subject
      to the terms and conditions of the Acquisition Agreement, effective on the
      date
      hereof, Assignors hereby assign to Assignee all of their respective right,
      title
      and interest in and to the Domain Names, Web Site, Web Site Materials and Marks.
      

     

    Executed
      at Guangzhou, China of this 16th day of June, 2006.

     

    
      	
               

            	 	 	 	 
	
              Alpha
                Century Holdings Ltd., a BVI corporation

            
	
              By:

            	
               

            	
              Telecom
                Communications, Inc.

              Managing
                Member

               

            
	
               

            	
               

            	
              By:

            	
               

            	
              
                /s/
                  Tim Chen

              

            
	
               

            	
               

            	
              Name:

            	
               

            	
              Tim
                Chen

            
	
               

            	
               

            	
              Title:

            	
               

            	
              Chief
                Executive Officer

            
	 
	
              China
                Dongguan Networks, Inc, a BVI corporation

            
	 	 	 
	
               

            	
               

            	
              By:

            	
               

            	
              
                /s/
                  Limei Deng

              

            
	
               

            	
               

            	
              Name:

            	
               

            	
              Limei
                Deng

            
	
               

            	
               

            	
              Title:

            	
               

            	
              President

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      I

     

    ASSUMPTION
      OF LIABILITIES 

     

    Pursuant
      to that certain Acquisition Agreement, dated as of June 16, 2006, by and among
      HRDQ Group, Inc., a Delaware corporation (the “Company”),
      Telecom Communications, Inc., a Delaware corporation, Alpha Century Holdings,
      Ltd, a BVI corporation, (“Alpha”)
      and
      China Dongguan Networks, Inc, a BVI corporation (the “Acquisition
      Agreement”),
      for
      good and valuable consideration, the receipt and adequacy of which are hereby
      acknowledged, the Company does hereby absolutely and unconditionally assume
      the
      Assumed Liabilities as such term is defined in the Acquisition Agreement subject
      to the terms and conditions of the Acquisition Agreement. 

     

    Executed
      at Guangzhou, China of this 16th day of June, 2006. 

     

     

    
      	 	 	 
	
              HRDQ
                GROUP, INC., a Delaware corporation

            
	 	 
	
              By:

            	
               

            	
              
                /s/
                  Limei Deng

              

            
	
              Name:

            	
               

            	
              Limei
                Deng

            
	
              Title:

            	
               

            	
              President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]