Document:

EXHIBIT
      10.6

     

    PROJECT
      DEVELOPMENT AGREEMENT

     

    DESIGN
      OF
      INTERNET DATA CENTER IN HANOI

     

    AGREEMENT
      MADE this 1st day of May, 2007 between CERELINK, Incorporated, a Delaware
      corporation with its principal place of business in Corrales, New Mexico, United
      States of America ("CERELINK") and DOT VN Inc., a Delaware corporation with
      its
      principal place of business in San Diego, California, United States of America
      ("DOT VN"). 

     

    WHEREAS,
      DOT VN intends to design, implement, and maintain an Internet Data Center
      (“IDC”), for the purpose of Internet hosting and data warehousing, in Hanoi,
      Vietnam. 

     

    WHEREAS,
      DOT VN intends to eventually develop the IDC as a “technology core” for the
      eventual development of specialized technical applications such as the
      establishment of a wireless broadband network in Hanoi and subsequent
      development of e-business, e-healthcare, e-marketing, and distance education
      technical applications. Although these technical applications will be
      contemplated in this work, the actual development and implementation of these
      applications is outside the scope of this work. As this applications phase
      of
      the project becomes feasible, CERELINK and DOT VN may enter into a separate
      agreement to complete these specialized technical applications. 

     

    WHEREAS,
      DOT VN wishes to contract with CERELINK for the technical design of the IDC
      in
      Hanoi. It is agreed that CERELINK will serve in the role of general project
      manager for the design of the IDC (“The Project”).

     

    WHEREAS,
      CERELINK wishes to provide such design services;

     

    NOW,
      THEREFORE, for consideration, the receipt and sufficiency of which is
      acknowledged, CERELINK and DOT VN agree as follows:

     

    1.  Project
      Goals.
      The
      goals of the Project are as follows:

     

    a.  Based
      on
      a Three Million Dollar ($3,000,000) total build out budget, design an
      innovative, scalable, fully functioning IDC, which utilizes leading edge
      technology and fills approximately 10,000 square feet, to be housed in the
      new
      VNNIC building in Hanoi, Vietnam;

     

    b.  In
      an
      effort to design the IDC in Hanoi, CERELINK intends to contract with Federal
      Communications Group to design a technically robust hard wiring and physical
      infrastructure that will enable DOT VN to employ an innovative network to serve
      their client base; Cerelink intends that

    
       

      
        	
              	1.	
                Federal
                  Communications Group will achieve the following
                  deliverables:

              

      

       

      	·  	
              Calculate
                maximum square feet of raised floor space & Office
                space

            

       

      	·  	
              Building
                renovation recommendations, interior and exterior perimeter walls
                layout

            

       

      	·  	
              Raised
                Floor design - floor plan

            

       

      	·  	
              Server
                Cabinet layout

            

       

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

       

      	·  	
              WAN
                / LAN network switch distribution cabinet
                layout

            

       

      	·  	
              Storage
                Array Network - SAN Location Command Operations Center
                layout

            

       

      	·  	
              Command
                Operations Center layout

            

       

      	·  	
              Structured
                cable plant design - Fiber & copper
                plant

            

       

      	·  	
              D-marc
                Room - Fiber ring & carrier service

            

       

      	·  	
              Power
                Distribution pathways & outside power plant
                feeds

            

       

      	·  	
              Generator
                Specifications & requirements, including exterior building layout
                

            

       

      	·  	
              Power
                Distribution Units (PDU) specification & requirements plan
                

            

       

      	·  	
              Uninterruptible
                Power Supply (UPS) Specifications & requirements
                plan

            

       

      	·  	
              HVAC
                Specifications & recommendations

            

       

      	·  	
              Fire
                Suppression layout - Halon FM200 specifications & requirements plan
                

            

       

      	·  	
              Data
                Center Lighting plan 

            

       

      	·  	
              Building
                Security & Data Center Access specifications &
                recommendations

            

       

      	·  	
              Final
                Construction Cost Proposal 

            

       

      c.  CERELINK
        intends to contract with Intel Corporation to create an innovative and
        technically robust network design for the IDC in Hanoi. Cerelink intends
        that
        the network design will include, but is not limited to, the design of all
        networked infrastructure including bandwidth requirements, intelligent data
        switching, identification of server fabric and data storage networking
        platforms, and identification of optical network platforms. Cerelink intends
        that the network design will also contemplate the IDC interactive services
        which
        include security services, and application delivery and integration services.
        Furthermore, Cerelink intends that the network design will create a data
        management framework that will comprehend such things as configuration,
        security, provisioning, and fault management services.

    

     

    d.  CERELINK
      intends to contract with the Uptime Institute in an effort to design an IDC
      that
      contemplates international IDC standards and that eventually will certify that
      the IDC conforms to these standards. There will be no cost to DOT VN above
      and
      beyond the overall project cost identified in this document for the Uptime
      Institute’s certification service. 

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    e.  CERELINK
      intends to seek the advice and support of AFCOM who will provide education
      and
      resource materials relevant to the development and sustainability of the IDC
      in
      Hanoi such has case studies, best known practices, etc. CERELINK will offer
      DOT
      VN and all project stakeholders a one year Corporate membership. 

     

    f. CERELINK
      and its contractors intend to create an IDC design that will ultimately allow
      the IDC to be technically flexible and scaleable according to DOT VN’s evolving
      business needs. 

     

    g. CERELINK
      intends to coordinate with our corporate contractors strategic and/or discounted
      pricing on all products, technologies, and services associated with the
      development of the IDC in Hanoi. 

     

    h. CERELINK
      will work with DOT VN to develop and execute a project marketing and promotion
      plan. This plan will include, but not limited to a media marketing strategy,
      a
      marketing plan for industry/trade publications, and the development of a case
      study which describes the project development and eventual project
      outcomes.

     

    i. CERELINK
      will make available to DOT VN travel grants to be used for strategic site
      visits. Each travel request will be submitted in writing by DOT VN to CERELINK
      30 days before the requested travel date. CERELINK will evaluate each travel
      request according to the strategic value of the travel and its overall cost.
      CERELINK has the exclusive right to accept or deny any travel request with
      a
      written explanation. 

     

    j. CERELINK
      will assist DOT VN in the design, development, and implementation of a
      demonstration of a Motorola wireless broadband network on the campus of QTSC
      in
      Ho Chi Minh City. The wireless broadband network will target selected areas
      of
      the QTSC campus and provide end-users with wireless Internet connectivity.
      It is
      intended that a separate agreement of the project scope and logistics will
      be
      developed between CERELINK and DOT VN for the development of this system. The
      development of this demonstration project will be completed at no cost to DOT
      VN. 

     

    k. Project
      Team.
      Jim
      Hoffman, an experienced project manager of 24 years, Dr. Rod Sanchez, Dr. Arthur
      St. George, and Dr. Roger Gallegos, all of whom are employees of CERELINK,
      will
      be assigned by CERELINK to work on the Project. CERELINK may assign other or
      additional personnel to work on the Project if deemed necessary or appropriate
      by CERELINK. CERELINK also intends to contract with Intel Corporation for the
      overall network design and certain other services and equipment to be provided
      hereunder and intends to contract with Federal Communications Group for the
      overall infrastructure design and certain other equipment and services to be
      provided hereunder. The project team intends to be under the continual guidance
      and direction from the Uptime Institute and AFCOM.

     

    2.  Project
      Development.

     

    a.  Access
      to Information.
      Both
      DOT VN and
      CERELINK
      undertake on a “best efforts basis” to provide the other with all necessary
      information needed to complete the IDC design. 

     

    b.  Project.
      The
      design of the IDC in Hanoi is anticipated to begin on May 1, 2007
      and
      will be completed by July 1, 2007. By agreement between DOT VN and CERELINK,
      the
      project schedule may be adjusted due to issues and circumstances not foreseen
      today. DOT VN will be kept apprised of progress on the project via weekly
      project management reports and/or presentations. 

     

    ANY
      SOFTWARE OR PRODUCT DEVELOPED BY CERELINK AND ANY OTHER PART OF THE PROJECT
      PROVIDED HEREUNDER IS PROVIDED “AS IS” EXCEPT FOR THE EXPRESS WARRANTIES
      PROVIDED HEREIN FOR THE DURATION OF THE DESIGN PHASE. DOT VN HEREBY WAIVES
      ALL
      OTHER GUARANTEES, WARRANTIES, OBLIGATIONS AND LIABILITIES OF CERELINK HEREUNDER,
      EXPRESS OR IMPLIED, ARISING BY LAW OR OTHERWISE, REGARDING THE FUNCTIONALITY,
      PERFORMANCE, ACCURACY OR CONDITION OF ANY SOFTWARE AND ANY OTHER PART OF THE
      PROJECT PROVIDED HEREUNDER INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTY
      OF
      FITNESS FOR A PARTICULAR PURPOSE OR MERCHANTABILITY AND ALL OBLIGATIONS AND
      LIABILITIES WITH RESPECT TO LOSS OF USE, DATA, REVENUE, PROFIT OR INDIRECT,
      SPECIAL OR CONSEQUENTIAL DAMAGES, EVEN IF DOT VN HAS BEEN ADVISED OF THE
      POSSIBILITY OF SUCH DAMAGES FOR THE DURATION OF THE DESIGN PHASE. 

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    NEITHER
      PARTY WILL BE LIABLE TO THE OTHER FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL
      DAMAGES.

     

    ANY
      SOFTWARE, HARDWARE OR INTELLECTUAL PROPERTY INVENTED, DISCOVERED OR CREATED
      IN
      CONNECTION WITH ANY DOT VN PROJECT SHALL BE CONSTRUED TO BE THE JOINT PROPERTY
      OF DOT VN AND THE CREATOR OF SUCH SOFTWARE, HARDWARE OR INTELLECTUAL
      PROPERTY.

     

    3.  Government
      Approval.
      Both Dot
      VN and Cerelink acknowledge that the terms, conditions and execution of this
      Agreement shall be subject to review and approval by the Vietnam Internet
      Network Information Center (“VNNIC”). Both Dot VN and Cerelink further agree
      that this Agreement may be amended from time to time in accordance with such
      right to approval by VNNIC with no penalty to either party.

     

    4.  Ancillary
      Offerings.
      Once
      the Project is operational, the parties may agree that additional equipment
      and/or services may be made available for from CERELINK to DOT VN. In such
      event, the parties will amend this Agreement to cover any such additional
      work.

     

    5.  Payment.
      In
      connection with the completion of the goals set forth in Section 1, DOT VN
      shall
      pay CERELINK in accordance with the payment schedule attached here to as
Schedule
      A. 

     

    6.  Miscellaneous.
      

     

    a.  Amendments.
      This
      Agreement may not be amended except by a writing signed by both parties, and
      shall be amended if required by VNNIC as provided in paragraph 3. 

     

    b.  Disputes.
      Any
      controversy or claim arising out of or relating to this agreement shall be
      governed by the laws of the State of California, without giving effect to
      principles of conflicts of law, and shall be settled by binding arbitration
      in
      San Diego County under the Commercial Arbitration Rules of the American
      Arbitration Association. Judgment upon the award rendered by the arbitrator(s)
      may be entered in any court having jurisdiction thereof. The prevailing party
      shall be entitled to its costs, including reasonable attorneys fees, in addition
      to all other relief granted, in such proceedings. 

     

    c.  Consent
      to Breach Not Waiver.
      Any
      consent by either party to, or waiver of, a breach by the other, whether express
      or implied, shall not constitute consent to, waiver of, or excuse for any other
      different or subsequent breach.

     

    d.  Attorneys'
      Fees.
      In the
      event either party initiates legal proceedings to enforce any right or
      obligation under this Agreement, the prevailing party in such proceedings will
      be entitled to recover its attorneys’ fees from the other party.

     

    e.  Notices.
      All
      notices required or permitted under this Agreement shall be in writing and
      shall
      be sent or delivered to the addresses specified below:

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    If
      to
      CERELINK:                 
 CERELINK
      INCORPORATED

    4417
      Corrales Road

    Corrales,
      NM 87048

    Attention:
      President

    

    If
      to DOT
      VN:           DOT
      VN,
      INC.

    9449
      Balboa Avenue, Suite 114

    San
      Diego, CA 92123

    Attention:
      President

    

    f.  Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties and supersedes
      all prior or contemporaneous proposals, agreements, representations, statements,
      negotiations and understandings, whether oral or written, between the parties
      concerning the matters set forth in this Agreement.

     

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

     

    
      	
              DOT VN, INC.  

               

               

            	 	CERELINK,
              INCORPORATED 
	By	 
	 	By	 
              
	Its:
              	 
              	 	Its:
	 
              
	 	
            	 	 	 

    

                                    

     

    SCHEUDLE
      A

    

    
      	
              No.

            	 	
              Payment
                Date

            	 	
              Payment
                Amount

            	 	
              %
                of Project Complete

            
	
              1

            	 	
              May
                15, 2007

            	 	
              $120,000

            	 	
              0%

            
	
              2

            	 	
              June
                15, 2007

            	 	
              $240,000

            	 	
              33%

            
	
              3

            	 	
              July
                15, 2007

            	 	
              $240,000

            	 	
              66%

            
	
              4

            	 	
              August
                15, 2007

            	 	
              Balance

            	 	
              100%

            

    

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    PAYMENT.

    

    	1.  	
            Payment
              1 will be made upon signing the “Project Management
              Agreement”.

          

    	 	 

    	2.  	
            Payments
              2 - 3 will be made within 24 hours of “Payment
              Date”

          

    	 	 

    	3.  	
            Payment
              4 will be made within 15 days of “Payment
              Date”

          

    	 	 

    	4.  	
            Payment
              amounts are subject to be adjusted based on changes of the project
              scope,
              requirements, and duration. The aggregate payment amount shall not
              exceed
              $850,000 and the individual payment amounts shall not exceed the amounts
              set forth above unless mutually agreed by both parties. Any changes
              to the
              payment amounts or payment dates should be made before next payment
              cycle
              beings. If the payment is adjusted after the payment cycle has begun,
              the
              payment amount will be prorated on a daily basis to match work completed
              within that cycle.

          

    	 	 

    	5.  	
            The
              overall project budget is subject to change at any time subject to
              the
              mutual approval of the parties.

          

    	 	 

    	6.  	
            The
              project timeline is subject to change subject to the mutual approval
              of
              the parties. 

          

    

    
      
         

      

      
        6EXHIBIT
      10.7

     

    ASSET
      SALE & PURCHASE AGREEMENT

     

    THIS
      ASSET SALE & PURCHASE AGREEMENT is made and entered into as of June 29, 2007
      (the “Effective
      Date”)
      by and
      between Business.com.VN,
      Co. Ltd.
      (“Business.com.vn”), a company existing under the laws of the Country of Vietnam
      (referred to as “Seller”)
      and
      Dot VN, Inc., a Delaware corporation (referred to as “Buyer”).

     

    Recitals:

     

    A. WHEREAS,
      Seller owns a certain asset, consisting of a trademark registered in the
      Socialist Republic of Vietnam, bearing in words and symbols the name “Dot VN”,
      which shall be referred to as the “Trademark”;

     

    B.
      Buyer
      desires to purchase from Seller and Seller desires to sell to Buyer, the
      Trademark, in consideration of the Purchase Price and on the terms and
      conditions set forth in this Agreement (this term and all other capitalized
      terms used herein having the respective meanings set forth in this
      Agreement).

     

    Agreements:

     

    In
      consideration of the foregoing, the mutual covenants of the parties set forth
      in
      this Agreement, and other good and valuable consideration, the receipt and
      adequacy of which is hereby acknowledged, the parties, intending to be legally
      bound, agree as follows:

     

    
      	1.  	
              Purchase
                and Sale.

            

    

     

    1.1  Purchase
      and Sale.
      Seller
      agrees to sell, and Buyer agrees to purchase the Trademark on the terms and
      conditions set forth in this Agreement. At closing, subject to the terms of
      purchase as described in Section 2 hereof and the satisfaction of the other
      terms of this Agreement, Seller shall cause the Trademark to be transferred
      to
      Buyer free and clear of any and all liens, encumbrances, security interests
      or
      obligations.

     

    1.2  Trademark.
      The
      assets to be sold by the Seller to Buyer pursuant to this Agreement is a
      trademark registered in the Socialist Republic of Vietnam on June 30, 2003
      bearing in words the name “Dot VN” and its logo, a true and correct depiction of
      which is attached here as Exhibit “B”, and all Intellectual Property rights
      associated therewith.  

     

    
      	2.  	
              Purchase
                Price and Payment.

            

    

     

    2.1  Purchase
      Price.
      In
      exchange for the sale, transfer and conveyance to Buyer of the Trademark, Buyer
      shall provide
      the following consideration to Seller: 

     

    2.1.1  The
      sum
      of One Hundred Thousand Dollars and No Cents ($100,000.00) payable in the form
      of a Convertible Promissory Note due and payable in full one (1) year after
      Closing, in the form of Exhibit
      A
      to this
      Agreement (the “Promissory
      Note”),
      and;

     

    2.1.2  Two
      Hundred Eight-Five Thousand (285,000) restricted shares of Buyer’s common
      stock,
      such
      shares when issued and delivered, constitute valid and legally issued shares
      of
      Buyer’s Common Stock, which are fully paid and nonassessable.

     

    2.2   Piggyback
      Registration.
      Whenever Buyer proposes to register any of its securities under the Securities
      Act (other than pursuant to any of the registration rights listed above, or
      a
      registration on Form S-4 or S-8 or any successor or similar
      forms)
      and the registration form to be used may be used for the registration of
      Registrable Securities, whether or
      not for
      sale for its own account, Buyer will include in such registration all
      Registrable Securities all securities transferred to Seller included in
      contemplated transaction. 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	3.  	
              Pre-Closing
                Matters.

            

    

     

    3.1  Between
      the Effective Date and the Closing Date, Seller shall not
      sell,
      lease, or otherwise transfer or dispose of the Trademark, or permit
      or
      allow the Trademark to become subject to any additional Lien.

     

    
      	4.  	
              Closing.

            

    

     

    4.1  Buyer’s
      Conditions.
      Buyer’s
      obligation to close this transaction shall be subject to and contingent upon
      Seller
      having obtained, at Seller’s expense, any Governmental Authorizations necessary
      to transfer the
      Trademark to Buyer upon
      consummation of this transaction.

     

    4.2  Closing. The
      Closing shall take place at the offices of Dot VN, Inc. 9449 Balboa Ave, Suite
      114, San Diego, CA 92123, or at such other location as the parties may mutually
      agree, on the Effective Date. 

     

    
      	5.  	
              Representations
                and Warranties.

            

    

     

    5.1  Seller’s
      Representations and Warranties.
      Seller
      represents and warrants to Buyer as follows:

     

    5.1.1  Organization
      and Good Standing.
      Business.com.vn is a company, duly formed, validly existing and in good standing
      under the laws of Vietnam.

     

     

    5.1.2  Title
      to Trademark.
      On the
      Closing Date, Seller will transfer and convey to Buyer good and marketable
      title
      to the Trademark, free and clear of all liens, encumbrances, security interests,
      judgments, claims or other matters affecting title.

     

    5.1.3  Authority;
      No Conflict.
      This
      Agreement constitutes the legal, valid, and binding obligation of Seller,
      enforceable against Seller in accordance with its terms. Seller has full power,
      authority, and capacity to execute and deliver this Agreement and the Seller’s
      closing documents and to perform its obligations hereunder and thereunder.
      

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    5.2  Buyer’s
      Representations and Warranties.
      Buyer
      represents and warrants to Seller as follows:

     

    5.2.1  Organization
      and Good Standing.
      Buyer
      is a corporation duly incorporated, validly existing and in good standing under
      the laws of the State of Delaware.

     

    5.2.2  Authority;
      No Conflict.
      This
      Agreement constitutes the legal, valid, and binding obligation of Buyer,
      enforceable against Buyer in accordance with its terms. No
      proceeding is pending or, to Buyer’s knowledge, has been threatened against
      Buyer that challenges, or could reasonably be expected to have the effect of
      preventing, making illegal, or otherwise materially interfering with this
      transaction.

     

    
      	6.  	
              Definitions
                and Interpretation.

            

    

     

    6.1  Defined
      Terms.
      As used
      in this Agreement, the following terms have the respective meanings set forth
      below:

     

    “Agreement”
means
      this Asset Sale and Purchase Agreement.

     

    “Buyer”
has
      the
      meaning set forth in the preamble to this Agreement.

     

    “Buyer’s
      Knowledge”
means
      that any of the officers or directors of Buyer is actually aware of a particular
      fact or other matter.

     

    “Consent”
means
      any approval, consent, ratification, waiver, or other authorization, including
      any Governmental Authorization.

     

    “Governmental
      Authority”
means
      any national, federal, state, provincial, county, municipal, or local
      government, foreign or domestic, or the government of any political subdivision
      of the any of the foregoing, or any entity, authority, agency, ministry, or
      other similar body exercising executive, legislative, judicial, regulatory,
      or
      administrative authority or functions of or pertaining to the government,
      including any quasi-governmental entity established to perform any such
      functions.

     

    “Governmental
      Authorization”
means
      any Consent, license, permit, waiver, or other authorization issued, granted,
      given, or otherwise made available by or under the authority of any Governmental
      Authority or pursuant to any Legal Requirement.

     

    "Intellectual
      Property Rights"
      shall
      mean any or all of the following and all statutory and/or common law rights
      throughout the world in, arising out of, or associated with the Trademark.
      

     

    “Legal
      Requirement”
means
      any federal, state, local, municipal, foreign, international, multinational,
      or
      other administrative Order, constitution, law, ordinance, principle of common
      law, regulation, rule, statute, or treaty.

     

    “Lien”
means
      a
      monetary encumbrance against a purchased asset.

     

    “Order”
means
      any award, decision, injunction, judgment, order, ruling, subpoena, or verdict
      entered, issued, made, or rendered by any court, administrative agency, or
      other
      Governmental Authority or by any arbitrator or mediator.

     

    “Organizational
      Documents”
means
      (i) the articles or certificate of incorporation and the bylaws of a
      corporation, (ii) the partnership agreement and any statement of
      partnership of a general partnership, (iii) the limited partnership
      agreement and certificate of limited partnership of a limited partnership,
      (iv) any charter, operating agreement, or similar document adopted or filed
      in connection with the creation, formation, or organization of a Person, and
      (v) any amendment to any of the foregoing.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “Representative”
means,
      with respect to a particular Person, any director, officer, employee, agent,
      consultant, advisor, or other representative of or to such Person, including
      such Person’s attorneys, accountants, and financial advisors.

     

    “Tax”
means
      any tax (including any income tax, capital gains tax, value-added tax, sales
      tax, excise tax, property tax, gift tax, or estate tax), levy, assessment,
      tariff, duty (including any customs duty), deficiency, or other fee, and any
      related charge or amount (including any fine, penalty, interest, or addition
      to
      tax), imposed, assessed, or collected by or under the authority of any
      Governmental Authority or payable pursuant to any tax-sharing agreement or
      other
      Contract relating to the sharing or payment of any such tax, levy, assessment,
      tariff, duty, deficiency, or fee.

     

    6.2  Construction
      and Interpretation.

     

    6.2.1  The
      headings or titles of the sections of this Agreement are intended for ease
      of
      reference only and shall have no effect whatsoever on the construction or
      interpretation of any provision of this Agreement. References herein to sections
      are to sections of this Agreement unless otherwise specified.

     

    6.2.2  Meanings
      of defined terms used in this Agreement are equally applicable to singular
      and
      plural forms of the defined terms. The masculine gender shall also include
      the
      feminine and neutral genders and vice versa.

     

    6.2.3  As
      used
      herein, (i) the term “party” refers to a party to this Agreement, unless
      otherwise specified, (ii) the terms “hereof,” “herein,” “hereunder,” and
      similar terms refer to this Agreement as a whole and not to any particular
      provision of this Agreement, (iii) the term “this transaction” refers to
      the transaction contemplated by this Agreement, (iv) the term “including”
is not limiting and means “including without limitation,” (v) the term
“documents” includes all instruments, documents, agreements, certificates,
      indentures, notices, and other writings, however evidenced, and (vi) the
      term “property” includes any kind of property or asset, real, personal, or
      mixed, tangible or intangible.

     

    6.2.4  In
      the
      event any period of time specified in this Agreement ends on a day other than
      a
      Business Day, such period shall be extended to the next following Business
      Day.
      In the computation of periods of time from a specified date to a later specified
      date, the word “from” means “from and including,” the words “to” and “until”
each mean “to but excluding,” and the word “through” means “to and
      including.”

     

    6.2.5  This
      Agreement is the product of arm’s length negotiations among, and has been
      reviewed by counsel to, the parties and is the product of all the parties.
      Accordingly, this Agreement shall not be construed for or against any party
      by
      reason of the authorship or alleged authorship of any provision
      hereof.

     

    
      	7.  	
              Miscellaneous
                Provisions.

            

    

     

    7.1  Expenses.
      Except
      as otherwise provided, each party shall bear its own expenses incurred in
      connection with the preparation, execution, and performance of this Agreement
      and this transaction, including all fees and expenses of its own Representatives
      or any other similar payment in connection with this transaction.

     

    7.2  Binding
      Effect.
      The
      provisions of this Agreement shall be binding upon and inure to the benefit
      of
      the parties and, subject to the restrictions on assignment set forth herein,
      their respective successors and assigns.

     

    7.3  Assignment.
      Neither
      party shall assign any of its rights or obligations under this Agreement without
      the prior written consent of the other party. No assignment of this Agreement
      shall release the assigning party from its obligations under this
      Agreement.

     

    7.4  Notices.
      All
      notices under this Agreement shall be in writing. Notices may be
      (i) delivered personally, (ii) transmitted by facsimile, (iii) or
      delivered by a recognized international overnight delivery. Notices to any
      party
      shall be directed to its address set forth below, or to such
      other or additional address as any party may specify by notice to the other
      party. Any notice delivered in accordance with this Section 11.5 shall be
      deemed given when actually received or, if earlier, (a) in the case of any
      notice transmitted by facsimile, on the date on which the transmitting party
      receives confirmation of receipt by facsimile transmission, telephone, or
      otherwise, if sent during the recipient’s normal business hours or, if not, on
      the next Business Day, (b) in the case of any notice delivered by a
      recognized international overnight delivery service, on the next Business Day
      after delivery to the service or, if different, on the day designated for
      delivery.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    If
      to
      Business.com.vn:                     
 Business.com.VN,
      Co. Ltd.

    Attn:
      Bui
      Thanh Nghi, Director

    Quang
      Trung Software City 

    Hall
      5,
      Dist. 12 

    Ho
      Chi
      Minh City, Vietnam 

    Tel:
      (84.8) 715-5158

    Fax:
      (84.8) 715-5164

    

    If
      to
      Buyer:                                           
Dot
      VN,
      Inc.

    Attn:
      Lee
      Johnson, President

    9449
      Balboa Ave, Suite 114

    San
      Diego, CA USA 92123

    Tel:
      (858) 571-2007

    Fax:
      (858) 571-8497

    

    7.5  Waiver.
      Any
      party’s failure to exercise any right or remedy under this Agreement, delay in
      exercising any such right or remedy, or partial exercise of any such right
      or
      remedy shall not constitute a waiver of that or any other right or remedy
      hereunder. A waiver of any Breach of any provision of this Agreement shall
      not
      constitute a waiver of any succeeding Breach
      of
      such provision or a waiver of such provision itself. No waiver of any provision
      of this Agreement shall be binding on a party unless it is set forth in writing
      and signed by such party.

     

    7.6  Amendment.
      This
      Agreement may not be modified or amended except by the written agreement of
      the
      parties.

     

    7.7  Severability.
      If any
      provision of this Agreement is held invalid, illegal, or unenforceable, then
      (i) such provision shall be enforceable to the fullest extent permitted by
      applicable law, and (ii) the validity and enforceability of the other
      provisions of this Agreement shall not be affected and all such provisions
      shall
      remain in full force and effect.

     

    7.8  Integration.
      This
      Agreement, including the Exhibits and Schedules hereto, contains the entire
      agreement and understanding of the parties with respect to the subject matter
      hereof and supersedes all prior and contemporaneous agreements with respect
      thereto. The parties acknowledge and agree that there are no agreements or
      representations relating to the subject matter of this Agreement, either written
      or oral, express or implied, that are not set forth in this Agreement, in the
      Exhibits and Schedules to this Agreement.

     

    7.9  Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      Delaware (without regard to the principles thereof relating to conflicts of
      laws).

     

    7.10  Arbitration.
      All
      disputes or claims arising out of or relating to this Agreement, or the breach
      hereof, including disputes as to the validity and/or enforceability of this
      Agreement or any portion thereof, and any claims for indemnification under
      the
      provisions of this Agreement, shall be resolved by binding arbitration conducted
      in San Diego, California. Any arbitration pursuant to this Section 11.11
      shall be conducted, upon the request of any party, before a single arbitrator
      selected by the parties or, failing agreement on the choice of an arbitrator
      within 30 days of service of written demand for arbitration, by an arbitrator
      designated by the Presiding Judge of the Superior Court for San Diego County,
      California. The arbitrator shall be a retired judge or practicing attorney
      licensed to practice in one or more of the 50 states, with substantial
      experience in commercial and/or commercial litigation matters. Such arbitration
      shall be conducted in accordance with the laws of the State of Delaware and
      pursuant to the commercial arbitration rules of the American Arbitration
      Association (although not under the auspices of the American Arbitration
      Association) and such of the federal rules of civil procedure as the arbitrator
      may determine. The arbitration shall be conducted within 45 days of the
      selection of the arbitrator and the arbitrator shall render his or her decision
      within 20 days after conclusion of the arbitration. The prevailing party in
      the
      arbitration shall be entitled as a part of the arbitration award to the costs
      and expenses (including reasonable attorneys’ fees and the fees of the
      arbitrator) of investigating, preparing, and pursuing or defending the
      arbitration claim as such costs and expenses are awarded by the arbitrator.
      The
      duty to arbitrate shall survive a termination or cancellation of this Agreement
      and shall be specifically enforceable under applicable federal law and the
      prevailing arbitration law of the State of Delaware. The decision of the
      arbitrator shall be final and binding upon the parties and enforceable in any
      court of competent jurisdiction.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    7.11  Execution.
      This
      Agreement may be executed in any number of counterparts, all of which together
      shall constitute one and the same agreement. Each party may rely upon the
      signature of each other party on this Agreement that is transmitted by facsimile
      as constituting a duly authorized, irrevocable, actual, current delivery of
      this
      Agreement with the original ink signature of the transmitting
      party.

     

    7.12  Incorporation
      of Recitals, Exhibits, and Schedules.
      The
      Recitals to this Agreement and all Exhibits and Schedules to this Agreement
      are
      incorporated herein by this reference.

     

    7.13  Mutual
      Cooperation.
      Each of
      the parties hereto shall cooperate with the other parties in every reasonable
      way in carrying out the transactions contemplated herein, and in delivering
      all
      documents and instruments deemed reasonably necessary or useful by counsel
      for
      each party hereto.

     

    7.14  Further
      Assurances.
      Each
      party agrees to execute and deliver such additional documents and instruments
      as
      may reasonably be required to effect this transaction fully, so long as the
      terms thereof are consistent with the terms of this Agreement.

     

    [Signature
      Page Follows]

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

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

     

    
      	
              Seller:  

               

              BUSINESS.COM.VN, CO. LTD.

               

            	 	 	 
	By:	
            	 	 	 
	 	
              
                

              

              Bui
                Thanh Nghi

              Its:
                Director 

            	 	 	
            
	 	
            	 	 	
            

    

    
       

      
        	
                
                  Buyer: 

                  

                  DOT
                    VN, INC.

                   

                

              	 	 	 
	By:	
              	 	 	 
	 	
                
                  

                

                
                  Lee
                    Johnson

                  Its:
                    President

                

              	 	 	
              
	 	
              	 	 	
              

      

      

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

      

       

    

    Exhibit
      List

    

    Exhibit
      A - Convertible Promissory Note

    Exhibit
      B - Dot VN Trademark

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    Exhibit
      A - Convertible Promissory Note

    

    DOT
      VN, INC.

    100%
      CONVERTIBLE NOTE

    

    
      	$100,000.00 	 	 	
               JUNE
                29, 2007

            
	 	 	 	
               SAN
                DIEGO,
                CALIFORNIA

            

    

    

    DOT
      VN,
      INC., a Delaware corporation (“Maker” or the “Company”), hereby promises to pay
      to the order of Business.com.VN,
      Co. Ltd., a company formed and existing under the laws of Vietnam (“Payee”), or
      order, at Quang Trung Software City,
      Hall
      5,
      Dist. 12 ,
      Ho Chi
      Minh City, Vietnam, or
      its
      assigns (“Holder”), the sum of the
      sum
      of One Hundred Thousand Dollars and No Cents ($100,000.00), without interest,
      on
      November 28, 2007 (the “Due Date”). In the event not paid by the Due Date, this
      note shall thereafter accrue interest at the rate of eight percent (8%) per
      annum.
      All
      payments due and owning under this 100% Convertible Note (“Note”) shall be
      subject to the terms and conditions set forth herein. 

    

    
      	1.  	
              Agreement.

            

    

    

    The
      Note
      is issued pursuant to that certain Asset Sale & Purchase Agreement (the
“Agreement”), dated June 29, 2007, by and between Maker and Holder, which is
      hereby incorporated by reference. Capitalized terms used but not defined in
      this
      Note have the meanings assigned to them in the Agreement. 

    

    
      	2.  	
              Register.

            

    

    

    The
      Company shall keep at its principal office a register in which the Company
      shall
      provide for the registration of the Holder of the Note or for the registration
      of a transfer of the Note to a different Holder.

    

    
      	3.  	
              Loss
                Theft, Destruction or Mutilation of the
                Note.

            

    

    

    Upon
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of the Note and, in the case of any such loss, theft
      or destruction, upon receipt of an indemnity bond in such reasonable amount
      as
      the Company may determine (or if such Note is held by the original Holder,
      of an
      unsecured indemnity agreement reasonably satisfactory to the Company) or, in
      the
      case of any such mutilation, upon surrender and cancellation of such Note,
      the
      Company will make and deliver, in lieu of such lost, stolen, destroyed or
      mutilated Note, a new Note of like tenor and unpaid principal amount and dated
      as of the date to which interest has been paid on the Note so lost, stolen,
      destroyed or mutilated.

    

    
      	4.  	
              Registered
                Holder.

            

    

    

    The
      Company may deem and treat the person in whose name any Note is registered
      as
      the absolute owner and Holder of such Note for the purpose of receiving payment
      of the principal of and interest on such Note and for the purpose of any
      notices, waivers or consents thereunder, whether or not such Note shall be
      overdue, and the Company shall not be affected by notice to the contrary.
      Payments with respect to any Note shall be made only to the registered Holder
      thereof.

    

    
      	5.  	
              Surrender
                of the Note.

            

    

    

    The
      Company may, as a condition of payment of all or any of the principal of, and
      interest on, the Note, or its conversion, require Holder to present the Note
      for
      notation of such payment and, if the Note be paid in full or converted at the
      election of Holder as herein provided, require the surrender
      hereof.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    
      	6.  	
              Conversion.

            

    

    

    At
      any
      time prior to or at the Due Date, at the option of the Holder, all principal
      and
      accrued interest due on this Note (the “Convertible Amount”) may be converted at
      $1.43 per share (the “Conversion Price”). The Conversion Price shall be adjusted
      downward in the event the Company issues common stock (or securities exercisable
      for or convertible into or exchangeable for common stock) at a price below
      the
      Conversion Price, to a price equal to such issue price. The preceding
      adjustments shall be effective immediately at the time of the issuance of any
      security issued (or of any reduction in effective price of any security) on
      or
      before the Due Date. However, this Note shall not be adjusted in the case of
      stock splits, recapitalizations and the like. 

    

    If,
      on or
      prior to the Due Date, Holder has not elected to convert this Note, all
      outstanding principal and accrued and unpaid interest shall become due and
      payable. 

    

    
      	7.  	
              Mechanics
                of Conversion.

            

    

    

    Upon
      the
      Company’s receipt of written notice of Holder’s election to convert the Note,
      the principal amount of this Note plus any accrued interest shall be deemed
      converted into such number of shares of the Company’s Common Stock as determined
      pursuant to Section 6, and no further payments shall thereafter accrue or be
      owing under the Note. The entire balance due and owing under the Note must
      be
      converted to Common Stock; no partial conversions will be allowed. Holder shall
      return this Note to the Company at the address set forth below, or such other
      place as the Company may require in writing. Within ten (10) days after receipt
      of this Note, the Company shall cause to be issued in the name of and delivered
      to Holder at the address set forth above, or to such other address as to which
      Holder shall have notified the Company in writing, a certificate and a warrant
      evidencing the securities to which Holder is entitled. No fractional securities
      will be issued upon conversion of the Note. If on conversion of the Note a
      fraction of a security results, the Company shall round up the total number
      of
      securities to be issued to Holder to the nearest whole number.

    

    
      	8.  	
              Notice.

            

    

    

    Any
      notice required or desired to be given under this Agreement shall be in writing
      and shall be deemed given when personally delivered, two business days after
      deposit with a recognized overnight courier service for next available business
      day delivery, or three days after being sent by certified or registered mail
      postage prepaid to the addresses set forth below, or such other address as
      to
      which one party may have notified the other in such manner.

    

    
      	9.  	
              Default.

            

    

    

    Upon
      an
      Event of Default (as defined in the Agreement) that is not cured within any
      applicable cure period set forth in the Agreement, and
      at
      the option of Holder, or Holder’s successors or assigns, Holder
      may (i) accelerate all amounts due and owing under this Note and demand payment
      immediately and/or (ii) declare the right to exercise any and all remedies
      available to Holder under applicable law.

    

    
      	 	
              11.

            	
              Miscellaneous.

            

    

    

    (a) Interest
      hereunder shall be calculated based on eight percent (8%)
      per
      annum calculated using a 360-day year composed of 12 30-day months, payable
      in
      full, unless otherwise converted to common stock in the Company, at maturity
      or
      conversion.

    

    (b) The
      Company agrees that all Conversion Shares at the time of issuance will be fully
      paid and non-assessable. Maker shall pay upon demand any and all expenses,
      including reasonable attorney fees, incurred or paid by Holder of this Note
      without suit or action in attempting to collect funds due under this Note or
      in
      connection with the issuance of the Conversion Shares. In the event an action
      is
      instituted to enforce or interpret any of the terms of this Note including
      but
      not limited to any action or participation by Maker in, or in connection with,
      a
      case or proceeding under the Bankruptcy Code or any successor statute, the
      prevailing party shall be entitled to recover all expenses reasonably incurred
      at, before and after trial and on appeal or review, whether or not taxable
      as
      costs, including, without limitation, attorney fees, witness fees (expert and
      otherwise), deposition costs, copying charges and other expenses.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

    (c) All
      parties to this Note hereby waive presentment, dishonor, notice of dishonor
      and
      protest. All parties hereto consent to, and Holder is hereby expressly
      authorized to make, without notice, any and all renewals, extensions,
      modifications or waivers of the time for or the terms of payment of any sum
      or
      sums due hereunder, or under any documents or instruments relating to or
      securing this Note, or of the performance of any covenants, conditions or
      agreements hereof or thereof or the taking or release of collateral securing
      this Note. Any such action taken by Holder shall not discharge the liability
      of
      any party to this Note.

    

    (d) The
      Company may not prepay the amount due and owing under this Note.

    

    (e) This
      Note
      shall be governed by and construed in accordance with the laws of the State
      of
      Delaware without regard to conflict of law principles.

    

    (f) All
      payments due and owing under this Note shall be delivered to Holder at the
      address set forth below unless Holder provides the Company with written notice
      of a change of such instructions.   

    

     

    IN
      WITNESS THERETO, Company has affixed its signature by a duly authorized officer
      this 4tht
      day of
      May, 2006.

    
      	 	 	 
	 	DOT
              VN,
              INC.
	 
 	 
 	 
 
	 	 	 
	 	
              
By:
              Lee Johnson
	 	Its: President

    

     

    Holder:

    

    Business.com.VN,
      Co. Ltd.

    Attn:
      Bui
      Thanh Nghi, Director

    Quang
      Trung Software City 

    Hall
      5,
      Dist. 12 

    Ho
      Chi
      Minh City, Vietnam 

    Tel:
      (84.8) 715-5158

    Fax:
      (84.8) 715-5164

    

    Maker:  

    

    Dot
      VN,
      Inc.

    Attention:
      Lee Johnson, President

    9449
      Balboa Ave, Suite 114

    San
      Diego, CA USA 92123

    Tel:
      (858) 571-2007

    Fax:
      (858) 571-8497

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    

    Exhibit
      B - Dot VN Trademark

    

    
      
        
        

      

      
        12

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