Document:

EXHIBIT 4.3
                                                                     -----------

     This Security is a Registered Security in permanent global form within the
meaning of the Indenture hereinafter referred to and is registered in the name
of the Depositary or a nominee of the Depositary. This Security is exchangeable
for Securities registered in the name of a person other than the Depositary or
its nominee only in the limited circumstances described in the Indenture. Unless
and until it is exchanged in whole or in part for Securities in definitive
registered form, this Security may not be transferred except as a whole by the
Depositary to the nominee of the Depositary or by a nominee of the Depositary to
the Depositary or another nominee of the Depositary or by the Depositary or any
such nominee to a successor Depositary or a nominee of such successor
Depositary.

     Unless this Security is presented by an authorized representative of The
Depository Trust Company (55 Water Street, New York, New York) to the issuer or
its agent for registration of transfer, exchange or payment, and any Security
issued is registered in the name of Cede & Co. or such other name as requested
by an authorized representative of The Depository Trust Company and any payment
hereon is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY A PERSON IS WRONGFUL since the registered owner hereof, Cede &
Co., has an interest herein.

<PAGE>

No. 2                                                   CUSIP NO.:     101137AD9
                                                        ISIN NO.:   US101137AD98

                                  $250,000,000

                              5.125% NOTE DUE 2017

                  BOSTON SCIENTIFIC CORPORATION promises to pay
            to Cede & Co. or registered assigns the principal sum of
               TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000) on
                                January 12, 2017.

Interest Payment Dates: January 12 and July 12 of each year, commencing January
12, 2005.

Regular Record Dates: January 1 and July 1.

     Reference is hereby made to the further provisions of this Security set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

                            [SIGNATURE PAGE FOLLOWS]

<PAGE>

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

Dated:  November 18, 2004

                                               BOSTON SCIENTIFIC CORPORATION

                                               By:  /s/ Milan Kofol
                                                    ---------------------------
                                               Name:  Milan Kofol
                                               Title: Vice President, Treasurer
                                                      and Investor Relations

           [corporate seal]

Attest:

By:  /s/ Lawrence J. Knopf
     ---------------------
Name:  Lawrence J. Knopf
Title: Assistant Secretary
<PAGE>

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

Dated: November 18, 2004

     This is one of the Securities of the series designated therein referred to
in the within-mentioned Indenture.

                                             J.P. MORGAN TRUST COMPANY,
                                             NATIONAL ASSOCIATION as Trustee

                                             By: /s/ James P. Freeman
                                                 ------------------------------
                                                      Authorized Officer

<PAGE>

                          [REVERSE OF FORM OF SECURITY]

                          BOSTON SCIENTIFIC CORPORATION

                              5.125% NOTE DUE 2017

     1.   Interest. BOSTON SCIENTIFIC CORPORATION, a Delaware corporation (the
"Company", which definition shall include any successor thereto in accordance
with the Indenture (as defined below), promises to pay, until the principal
hereof is paid or made available for payment, interest on the principal amount
set forth on the reverse side hereof at a rate of 5.125% per annum. Interest on
the Securities will accrue from and including the most recent date to which
interest has been paid or, if no interest has been paid, from November 18, 2004
through but excluding the date on which interest is paid. Interest shall be
payable in arrears on January 12 and July 12 of each year (each an "Interest
Payment Date"), commencing January 12, 2005. Interest will be computed on the
basis of a 360-day year of twelve 30-day months.

     2.   Method of Payment. The Company will pay interest on the Securities to
the Persons who are registered Holders of Securities at the close of business on
the immediately preceding January 1 and July 1 of each year (each, a "Regular
Record Date"). Holders must surrender Securities to a Paying Agent to collect
principal payments. The Company will pay principal, the Redemption Price and
interest in money of the United States that at the time of payment is legal
tender for payment of public and private debts. At the Company's option,
interest may be paid by check mailed to the registered address of the Holder or
by wire transfer to an account designated by the Holder of this Security;
provided, however, that so long as the Securities are registered in the name of
The Depository Trust Company ("DTC"), or its nominee, all payments of principal,
Redemption Price and interest in respect thereof will be made in immediately
available funds.

     3.   Paying Agent and Security Registrar. Initially, J.P. Morgan Trust
Company, National Association, will act as Paying Agent and Security Registrar.
The Company may change any Paying Agent or Security Registrar without notice.

     4.   Indenture. The Company issued the Securities under an Indenture, dated
as of November 18, 2004 (the "Indenture"), between the Company and J.P. Morgan
Trust Company, National Association, as Trustee (the "Trustee"). This Security
is one of an issue of Securities of the Company issued under the Indenture. The
terms of the Securities include those stated in the Indenture and those made
part of the Indenture by reference to the Trust Indenture Act of 1939 as amended
from time to time (the "TIA"). The Securities are subject to all such terms, and
Holders of the Securities are referred to the Indenture and the TIA for a
statement of them. Capitalized terms used herein and not otherwise defined have
the meanings set forth in the Indenture. The Securities constitute senior
indebtedness of the Company and, as such, shall be general unsecured and
unsubordinated obligations of the Company ranking equally with all of the
Company's unsecured and unsubordinated obligations. The Company may, subject to
the terms of the Indenture and applicable law, issue additional Securities under
the Indenture. The Securities issued on November 18, 2004 and any additional
Securities subsequently issued shall be treated as a single class for all
purposes of the Indenture. The Indenture limits the ability of
<PAGE>

the Company to incur certain liens and to merge or consolidate with another
entity or transfer all or substantially all of its property and assets.

     5.   Optional Redemption. The Securities are subject to redemption upon not
less than 30 nor more than 60 days notice mailed to the Holder, at any time
prior to maturity as a whole or in part, at the election of the Company at a
price equal to the greater of (i) 100% of the principal amount of the Securities
to be redeemed or (ii) as determined by a Quotation Agent, the sum of the
present values of the remaining scheduled payments of principal and interest
thereon (not including any portion of such payments of interest accrued to the
date of redemption) discounted to the Redemption Date on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Adjusted
Treasury Rate plus 15 basis points, plus, in each case, accrued and unpaid
interest on the Securities to the Redemption Date.

     "Adjusted Treasury Rate" means, with respect to any Redemption Date, the
rate per year equal to the semiannual equivalent yield to maturity of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such Redemption Date.

     "Comparable Treasury Issue" means the United States Treasury security
selected by a Quotation Agent as having maturity comparable to the remaining
term of the Securities to be redeemed that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new
issues of corporate debt securities of comparable maturity to the remaining term
of such Securities.

     "Quotation Agent" means the Reference Treasury Dealer appointed by the
Trustee after consultation with Company.

     "Comparable Treasury Price" means, with respect to any Redemption Date, (1)
the average of the Reference Treasury Dealer Quotations for such Redemption
Date, after excluding the highest and lowest such Reference Treasury Quotations,
or (2) if the Trustee obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations.

     "Reference Treasury Dealer" means (1) Merrill Lynch, Pierce, Fenner & Smith
Incorporated, UBS Securities LLC and Wachovia Capital Markets, LLC and their
respective successors; PROVIDED, HOWEVER, that, if any of the foregoing shall
cease to be a primary United States Government securities dealer in the United
States (a "Primary Treasury Dealer"), the Company shall substitute therefore
another Primary Treasury Dealer; and (2) any other Primary Treasury Dealers
selected by the Trustee after consultation with the Company.

     "Reference Treasury Dealer Quotations" means, with respect to each
Reference Treasury Dealer and any Redemption Date, the average, as determined by
the Trustee, of the bid and ask prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m. on the
third Business Day preceding such Redemption Date.

     6.   Sinking Fund. No sinking fund is provided for the Securities.

     7.   Denominations, Transfer, Exchange. The Securities are in registered
form without coupons in denominations of $1,000 and integral multiples of
$1,000. A Holder may transfer or exchange Securities in accordance with the
Indenture. No service charge shall be made for any registration of transfer or
exchange of Securities, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection
with any registration of transfer or exchange of Securities, other than
exchanges pursuant to Section 304, 906, 1107 or 1305 of the Indenture not
involving any transfer.
<PAGE>

     8.   Persons Deemed Owners. The registered Holder of a Security may be
treated as the owner of it for all purposes.

     9.   Unclaimed Money. Subject to any applicable abandoned property laws, if
money for the payment of principal or interest remains unclaimed for two years,
the Trustee or Paying Agent will pay the money back to the Company at its
written request. After that, Holders entitled to the money must look to the
Company for payment as unsecured general creditors unless an "abandoned
property" law designates another Person.

     10.  Amendment, Supplement, Waiver. The Company and the Trustee may,
without the consent of the holders of any outstanding Securities, amend, waive
or supplement the Indenture or the Securities for certain specified purposes,
including, among other things, curing ambiguities, defects or inconsistencies,
or making any other change that does not adversely affect the rights of any
Holder in any material respect. Other amendments and modifications of the
Indenture or the Securities may be made by the Company and the Trustee with the
consent of the Holders of not less than a majority of the aggregate principal
amount of the outstanding Securities affected, subject to certain exceptions
requiring the consent of the Holders of each Security affected thereby.

     11.  Successor Corporation. When a successor corporation assumes all the
obligations of its predecessor under the Securities and the Indenture and the
transaction complies with the terms of Article 8 of the Indenture, the
predecessor corporation, subject to certain exceptions, will be released from
those obligations.

     12.  Defaults and Remedies. Events of Default are set forth in the
Indenture. Subject to certain limitations in the Indenture, if an Event of
Default (other than an Event of Default specified in Section 501(5) or Section
501(6) of the Indenture) occurs and is continuing, then the Holders of not less
than 25% in aggregate principal amount of the Outstanding Securities may, or the
Trustee may, declare the principal of, plus accrued interest, if any, to be due
and payable immediately. If an Event of Default specified in Section 501(5) or
Section 501(6) of the Indenture occurs and is continuing, the principal of and
accrued interest on all of the Securities shall ipso facto become and be
immediately due and payable without any declaration or other act on the part of
the Trustee or any Holder. Holders of the Securities may not enforce the
Indenture or the Securities except as provided in the Indenture. The Trustee may
require indemnity reasonably satisfactory to it before it enforces the Indenture
or the Securities. Subject to certain limitations, Holders of a majority in
principal amount of the then Outstanding Securities may direct the Trustee in
its exercise of any trust or power. The Company must furnish an annual
compliance certificate to the Trustee.

     13.  No Recourse Against Others. A director, officer, employee, or
stockholder, as such, of the Company or any of its Affiliates shall not have any
liability for any obligations of the Company under the Securities or the
Indenture or for any claim based on, in respect of or by reason of, such
obligations or their creation. Each Holder of the Securities by accepting a
Security waives and releases all such liability. The waiver and release are part
of the consideration for the issue of the Securities.
<PAGE>

     14.  Defeasance. The Indenture contains provisions (which provisions apply
to this Security) for defeasance at any time of (a) the entire indebtedness of
the Company in respect of this Security and (b) certain restrictive covenants
and Defaults and Events of Default, in each case upon compliance by the Company
with certain conditions set forth therein.

     15.  Authentication. This Security shall not be valid until the Trustee
signs the certificate of authentication to this Security.

     16.  GOVERNING LAW. THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     The Company will furnish to any Holder of Securities upon written request
and without charge a copy of the Indenture. Requests may be made to:

     BOSTON SCIENTIFIC CORPORATION
     One Boston Scientific Place
     Natick, Massachusetts  01760
     Telephone:  (508) 650-8000
     Telecopy:  (508) 650-8956
     Attention:  General Counsel

<PAGE>

                                 ASSIGNMENT FORM

If you the holder want to assign this Security, fill in the form below and have
your signature guaranteed:

     I or we assign and transfer this Security to ______________________________
________________________________________________________________________________
(Insert assignee's social security or tax ID number) ___________________________
________________________________________________________________________________
(Print or type assignee's name, address and zip code) and irrevocably appoint
_________________ agent to transfer this Security on the books of the Company.
The agent may substitute another to act for him.

Date: _________________________        Your signature: _________________________
                                                      (Sign exactly as your name
                                                       appears on the other side
                                                           of this Security)

Signature Guarantee: ___________________________________________________________

     Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Security Registrar, which requirements include
membership or participation in the Securities Transfer Agents Medallion Program
("STAMP") or such other "signature guarantee program" as may be determined by
the Security Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended.Exhibit 10.1

                      AGREEMENT AND PLAN OF SHARE EXCHANGE

                                 BY AND BETWEEN

                     CHINA ENERGY SAVINGS TECHNOLOGY, INC.,
                              a Nevada corporation,

                                       and

                            EUROFAITH HOLDINGS, INC.,
                      a British Virgin Islands corporation

                                November 16, 2004

<PAGE>

                      AGREEMENT AND PLAN OF SHARE EXCHANGE

     This  Agreement and Plan of Share  Exchange,  dated as of November 16, 2004
(this  "Agreement"),  is made and entered into by and among China Energy Savings
Technology,  Inc., a Nevada corporation ("CESV") and Eurofaith Holdings, Inc., a
British Virgin Islands corporation ("Eurofaith").

     WHEREAS,  the  respective  Boards of Directors of CESV and  Eurofaith  have
adopted  resolutions  approving  and adopting the proposed  share  exchange (the
"Exchange")  upon  the  terms  and  conditions  hereinafter  set  forth  in this
Agreement;

     WHEREAS,  Eurofaith  owns  15  shares  or 15% of  all  of  the  issued  and
outstanding  capital  stock of  Starway  Management  Limited,  a British  Virgin
Islands corporation ("Starway");

     WHEREAS,  the  Exchange  shall be 15  shares or 15% of all the  issued  and
outstanding capital stock of Starway (the "Starway Shares") for 3,346,100 shares
of the common stock of CESV;

     WHEREAS,  it is intended that the terms and  conditions  of this  Agreement
comply in all respects with Section 368(a)(1)(B) of the Internal Revenue Code of
1986, as amended (the "Code") and the regulations corresponding thereto, so that
the Exchange shall qualify as a tax free reorganization under the Code;

     NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as
follows:

                                    ARTICLE 1
                                  THE EXCHANGE

     1.1  THE EXCHANGE.  Upon the terms and subject to the conditions hereof, at
the Closing (as  hereinafter  defined),  Eurofaith  will sell,  convey,  assign,
transfer  and  deliver to CESV one or more stock  certificates  representing  15
shares or 15% of the issued and outstanding  capital stock of Starway,  and CESV
will issue to Eurofaith or its designees,  in exchange for such Starway  Shares,
one or more stock  certificates  representing  3,346,100  shares of CESV  common
stock (the "CESV Shares").

     1.2  CLOSING.  The closing of the Exchange (the "Closing") shall take place
on or before  November 30, 2004, or on such other date as may be mutually agreed
upon by the parties. Such date is referred to herein as the "Closing Date."

                                    ARTICLE 2
                     REPRESENTATIONS AND WARRANTIES OF CESV

     CESV hereby represents and warrants to Eurofaith as follows:

     2.1  ORGANIZATION.  CESV has been duly incorporated, is validly existing as
a corporation  and is in good  standing  under the laws of its  jurisdiction  of
incorporation,  and has the  requisite  power to carry  on its  business  as now
conducted.

     2.2  CERTAIN CORPORATE  MATTERS.  CESV is duly qualified to do business and
is in  good  standing  in  each  jurisdiction  in  which  the  ownership  of its
properties,  the  employment  of its  personnel  or the conduct of its  business

<PAGE>

requires it to be so  qualified,  except  where the  failure to be so  qualified
would not have a material adverse effect on CESV's financial condition,  results
of operations or business.  CESV has full corporate  power and authority and all
authorizations, licenses and permits necessary to carry on the business in which
it is engaged  and to own and use the  properties  owned and used by it,  except
where such failure would not have a material adverse effect on CESV business.

     2.3  AUTHORITY RELATIVE TO THIS AGREEMENT. CESV has the requisite power and
authority  to  enter  into  this  Agreement  and to  carry  out its  obligations
hereunder. The execution, delivery and performance of this Agreement by CESV and
the consummation by CESV of the transactions  contemplated hereby have been duly
authorized by the Board of Directors of CESV and no other actions on the part of
CESV are necessary to authorize this Agreement or the transactions  contemplated
hereby.  This Agreement has been duly and validly executed and delivered by CESV
and constitutes a valid and binding agreement of CESV,  enforceable against CESV
in  accordance  with its  terms,  except as such  enforcement  may be limited by
bankruptcy,  insolvency  or other  similar laws  affecting  the  enforcement  of
creditors' rights generally or by general principles of equity.

     2.4  CONSENTS AND APPROVALS;  NO  VIOLATIONS.  Except for  requirements  of
applicable  law,  no filing  with,  and no  permit,  authorization,  consent  or
approval  of, any third party,  public body or  authority  is necessary  for the
consummation by CESV of the transactions contemplated by this Agreement. Neither
the execution  and delivery of this  Agreement by CESV nor the  consummation  by
CESV of the transactions contemplated hereby, nor compliance by CESV with any of
the  provisions  hereof,  will (a) conflict  with or result in any breach of any
provisions of the organizational documents of CESV, (b) result in a violation or
breach of, or constitute (with or without due notice or lapse of time or both) a
default (or give rise to any right of termination, cancellation or acceleration)
under, any of the terms,  conditions or provisions of any note, bond,  mortgage,
indenture,  license,  contract,  agreement or other  instrument or obligation to
which CESV is a party or by which it or its properties or assets may be bound or
(c) violate any order, writ,  injunction,  decree,  statute,  rule or regulation
applicable  to CESV, or any of its  properties or assets,  except in the case of
clauses (b) and (c) for  violations,  breaches or defaults  which are not in the
aggregate material to CESV taken as a whole.

     2.5  DISCLOSURE.  The representations and warranties and statements of fact
made by CESV in  this  Agreement  are,  as  applicable,  accurate,  correct  and
complete and do not contain any untrue  statement of a material  fact or omit to
state  any  material  fact  necessary  in  order  to  make  the  statements  and
information contained herein not false or misleading.

                                    ARTICLE 3
                         REPRESENTATIONS AND WARRANTIES
                                  OF EUROFAITH

     Eurofaith hereby represents and warrants to CESV as follows:

     3.1  ORGANIZATION.   Eurofaith  has  been  duly  incorporated,  is  validly
existing  as a  corporation  and is in  good  standing  under  the  laws  of its
jurisdiction  of  incorporation,  and has the  requisite  power  to carry on its
business as now conducted.

     3.2  OWNERSHIP OF THE STARWAY SHARES.  Eurofaith owns,  beneficially and of
record,  good and marketable title to the Starway Shares,  free and clear of all

                                       2
<PAGE>

security interests,  liens,  adverse claims,  encumbrances,  equities,  proxies,
options or stockholders'  agreements.  At the Closing,  Eurofaith will convey to
CESV good and  marketable  title to the  Starway  Shares,  free and clear of any
security interests,  liens,  adverse claims,  encumbrances,  equities,  proxies,
options, stockholders' agreements or restrictions.

     3.3  CERTAIN CORPORATE MATTERS.  Eurofaith is duly qualified to do business
and is in good  standing  in each  jurisdiction  in which the  ownership  of its
properties,  the  employment  of its  personnel  or the conduct of its  business
requires it to be so  qualified,  except  where the  failure to be so  qualified
would not have a material  adverse  effect on Eurofaith's  financial  condition,
results of  operations  or  business.  Eurofaith  has full  corporate  power and
authority and all authorizations, licenses and permits necessary to carry on the
business in which it is engaged and to own and use the properties owned and used
by it,  except where such failure  would not have a material  adverse  effect on
Eurofaith's business.

     3.4  AUTHORITY  RELATIVE TO THIS  AGREEMENT.  Eurofaith  has the  requisite
power  and  authority  to  enter  into  this  Agreement  and to  carry  out  its
obligations hereunder. The execution, delivery and performance of this Agreement
by Eurofaith and the consummation by Eurofaith of the transactions  contemplated
hereby have been duly  authorized  by the Board of Directors of Eurofaith and no
other actions on the part of Eurofaith are necessary to authorize this Agreement
or the  transactions  contemplated  hereby.  This  Agreement  has been  duly and
validly  executed and delivered by Eurofaith and constitutes a valid and binding
agreement of Eurofaith,  enforceable  against  Eurofaith in accordance  with its
terms,  except as such  enforcement may be limited by bankruptcy,  insolvency or
other similar laws affecting the enforcement of creditors'  rights  generally or
by general principles of equity.

     3.5  CONSENTS AND APPROVALS;  NO  VIOLATIONS.  Except for  requirements  of
applicable  law,  no filing  with,  and no  permit,  authorization,  consent  or
approval  of, any third party,  public body or  authority  is necessary  for the
consummation  by Eurofaith of the  transactions  contemplated by this Agreement.
Neither the  execution  and  delivery of this  Agreement  by  Eurofaith  nor the
consummation  by  Eurofaith  of  the  transactions   contemplated   hereby,  nor
compliance by Eurofaith  with any of the  provisions  hereof,  will (a) conflict
with or result in any breach of any provisions of the  organizational  documents
of  Eurofaith,  (b) result in a violation or breach of, or  constitute  (with or
without  due  notice  or lapse of time or both) a  default  (or give rise to any
right of termination,  cancellation or  acceleration)  under,  any of the terms,
conditions  or  provisions  of any note,  bond,  mortgage,  indenture,  license,
contract,  agreement or other  instrument or obligation to which  Eurofaith is a
party or by which it or its properties or assets may be bound or (c) violate any
order,  writ,  injunction,  decree,  statute,  rule or regulation  applicable to
Eurofaith, or any of its properties or assets, except in the case of clauses (b)
and (c) for  violations,  breaches  or defaults  which are not in the  aggregate
material to Eurofaith taken as a whole.

     3.6  RESTRICTED SECURITIES. Eurofaith acknowledge that the CESV Shares will
not be  registered  pursuant  to the  Securities  Act of 1933,  as amended  (the
"Securities  Act") or any applicable state securities laws, that the CESV Shares
will be characterized as "restricted  securities" under federal securities laws,
and that under such laws and  applicable  regulations  the CESV Shares cannot be
sold or otherwise  disposed of without  registration under the Securities Act or
an  exemption  therefrom.  In this regard,  Eurofaith is familiar  with Rule 144

                                       3
<PAGE>

promulgated  under the Securities  Act, as currently in effect,  and understands
the resale limitations imposed thereby and by the Securities Act.

     3.7  ACCREDITED  INVESTOR.  Eurofaith is an  "Accredited  Investor" as that
term is defined in rule 501 of  Regulation D  promulgated  under the  Securities
Act.  Eurofaith is able to bear the economic  risk of acquiring  the CESV Shares
pursuant  to  the  terms  of  this  Agreement,  including  a  complete  loss  of
Eurofaith's  investment in the CESV Shares.  Eurofaith  (together  with his, her
and/or its advisors) has such  knowledge and  experience in business,  financial
and tax matters  including,  in particular,  investing in private  placements of
securities  in  entities  similar to CESV,  so as to enable  them to utilize the
information  made  available to them to: (i) evaluate the merits and risks of an
investment  in CESV and to make an informed  investment  decision  with  respect
thereto;  and (ii) to  reasonably  be  assumed to have the  capacity  to protect
Eurofaith's  own interests in connection  with the  transaction  contemplated by
this  Agreement.  Eurofaith  represents  that it has a pre-existing  personal or
business relationship with CESV or any of its managers,  officers or controlling
persons. The term "pre-existing  personal or business relationship" includes any
relationship  consisting  of  personal  or  business  contacts  of a nature  and
duration  which would enable a reasonably  prudent  purchaser to be aware of the
character,  business acumen and general business and financial  circumstances of
the person  with whom the  relationship  exists.  With the  exception  of direct
communication  to CESV by an  officer,  director,  agent  or  employee  of CESV,
Eurofaith did not become aware of this offering, through or as the result of any
public or promotional  seminar or meeting to which  Eurofaith was invited by, or
any  solicitation  of a  subscription  by,  a  person  not  previously  known to
Eurofaith in connection with investments in securities  generally.  Eurofaith is
acquiring the CESV Shares as principal and not by any other person. Eurofaith is
acquiring the CESV Shares for investment purposes only for an indefinite period,
and not with a view to the sale or distribution  of any part or all thereof,  by
public or private sale or other disposition. No person other than Eurofaith will
have any interest, beneficial or otherwise, in the CESV Shares, and Eurofaith is
not obligated to transfer the CESV Shares to any other person nor does Eurofaith
have  any  agreement  or  understanding  to do  so.  During  the  course  of the
transaction  contemplated  by this  Agreement,  and  before  acquiring  the CESV
Shares,  Eurofaith and/or its advisors had the  opportunity,  to the extent they
determined  to be  necessary  or relevant in order to verify the accuracy of the
information  they received  about CESV,  to ask  questions  and receive  answers
concerning the terms and conditions of this Agreement, an investment in the CESV
Shares,  and the  business of CESV and its  finances,  to review all  documents,
books and  records  of CESV and to the  extent  Eurofaith  and/or  its  advisors
availed themselves of this opportunity,  received  satisfactory  information and
answers.

     3.6  LEGEND.  Eurofaith  acknowledges that the certificate(s)  representing
the CESV Shares shall each conspicuously set forth on the face or back thereof a
legend in substantially the following form:

     THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
     AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
     IN THE ABSENCE OF AN EFFECTIVE  REGISTRATION STATEMENT AS TO THE SECURITIES
     UNDER SAID ACT OR PURSUANT TO AN EXEMPTION FROM  REGISTRATION OR AN OPINION
     OF  COUNSEL  SATISFACTORY  TO THE  COMPANY  THAT SUCH  REGISTRATION  IS NOT
     REQUIRED.

                                       4
<PAGE>

                                    ARTICLE 4
                              CONDITIONS TO CLOSING

     4.1  CONDITIONS TO OBLIGATIONS OF CESV. The  obligations of CESV under this
Agreement shall be subject to each of the following conditions:

          (a)  CLOSING  DELIVERIES.   At  the  Closing,   Eurofaith  shall  have
delivered or caused to be delivered to CESV the following:

               (i)  resolutions  duly  adopted  by the  Board  of  Directors  of
Eurofaith authorizing and approving the Exchange and the execution, delivery and
performance of this Agreement;

               (ii) certificate representing the Starway Shares bearing the name
of the CESV or as otherwise instructed by the counsel of CESV;

               (iii) this Agreement duly executed by Eurofaith;

               (iv) such  other  documents  as CESV may  reasonably  request  in
connection with the transactions contemplated hereby.

          (b)  REPRESENTATIONS  AND WARRANTIES TO BE TRUE.  The  representations
and  warranties  of  Eurofaith  herein  contained  shall be true in all material
respects  at the  Closing  with the same  effect  as though  made at such  time.
Eurofaith  shall have  performed in all material  respects all  obligations  and
complied in all material respects with all covenants and conditions  required by
this  Agreement  to be  performed  or  complied  with by them at or prior to the
Closing.

     4.2  CONDITIONS TO OBLIGATIONS OF EUROFAITH.  The  obligations of Eurofaith
under this Agreement shall be subject to each of the following conditions:

          (a)  CLOSING  DELIVERIES.   On  the  Closing  Date,  CESV  shall  have
delivered to Eurofaith the following:

               (i)  resolutions  duly  adopted by the Board of Directors of CESV
authorizing  and  approving  the  Exchange  and  the  execution,   delivery  and
performance of this Agreement

               (ii) one or more certificates  representing the CESV Shares to be
delivered pursuant to this Agreement;

               (iii) this Agreement duly executed by CESV; and

               (iv) such other documents as Eurofaith may reasonably  request in
connection with the transactions contemplated hereby.

          (b)  REPRESENTATIONS  AND WARRANTIES TO BE TRUE.  The  representations
and warranties of CESV herein  contained shall be true in all material  respects
at the Closing with the same effect as though made at such time. CESV shall have
performed in all material  respects all obligations and complied in all material
respects  with all  covenants and  conditions  required by this  Agreement to be
performed or complied with by them at or prior to the Closing.

                                       5
<PAGE>

                                    ARTICLE 5
                               GENERAL PROVISIONS

     5.1  NOTICES.  All notices and other  communications  hereunder shall be in
writing  and shall be  deemed  to have  been  duly  given (i) on the same day if
delivered  personally,  (ii) upon receipt if sent by overnight  courier or (iii)
upon receipt if mailed by  registered  or certified  mail  (postage  prepaid and
return receipt requested) to the party to whom the same is so delivered, sent or
mailed at  addresses  set forth on the  signature  page hereof (or at such other
address for a party as shall be specified by like notice).

     5.2  INTERPRETATION.  The  headings  contained  in this  Agreement  are for
reference  purposes  only  and  shall  not  affect  in any  way the  meaning  or
interpretation  of this Agreement.  References to Sections and Articles refer to
sections and articles of this Agreement unless otherwise stated.

     5.3  SEVERABILITY.  If any term, provision, covenant or restriction of this
Agreement is held by a court of competent  jurisdiction  to be invalid,  void or
unenforceable,   the   remainder  of  the  terms,   provisions,   covenants  and
restrictions  of this Agreement  shall remain in full force and effect and shall
in no way be affected,  impaired or invalidated  and the parties shall negotiate
in good faith to modify this  Agreement  to preserve  each  party's  anticipated
benefits under this Agreement.

     5.4  MISCELLANEOUS.  This Agreement  (together with all other documents and
instruments  referred to  herein):  (a)  constitutes  the entire  agreement  and
supersedes all other prior agreements and  undertakings,  both written and oral,
among the parties  with  respect to the  subject  matter  hereof;  (b) except as
expressly set forth herein,  is not intended to confer upon any other person any
rights or remedies  hereunder  and (c) shall not be assigned by operation of law
or otherwise, except as may be mutually agreed upon by the parties hereto.

     5.5  SEPARATE COUNSEL. Each party hereby expressly acknowledges that it has
been advised to seek its own separate  legal  counsel for advice with respect to
this  Agreement,  and that no counsel to any party hereto has acted or is acting
as counsel to any other party hereto in connection with this Agreement.

     5.6  GOVERNING  LAW;  VENUE.  This  Agreement  shall be  governed  by,  and
construed  and  enforced in  accordance  with,  the laws of the State of Nevada,
U.S.A.  Any and all actions brought under this Agreement shall be brought in the
state  and/or  federal  courts of the United  States  sitting in the City of Los
Angeles,  California  and each  party  hereby  waives any right to object to the
convenience of such venue.

     5.7  COUNTERPARTS AND FACSIMILE SIGNATURES.  This Agreement may be executed
in two or more counterparts, which together shall constitute a single agreement.
This Agreement and any documents  relating to it may be executed and transmitted
to any other  party by  facsimile,  which  facsimile  shall be deemed to be, and
utilized in all respects as, an original, wet-inked document.

     5.8  AMENDMENT.  This  Agreement may be amended,  modified or  supplemented
only by an instrument in writing executed by all parties hereto.

     5.9  PARTIES IN INTEREST: NO THIRD PARTY BENEFICIARIES. Except as otherwise
provided  herein,  the terms and conditions of this Agreement shall inure to the
benefit of and be binding  upon the  respective  heirs,  legal  representatives,

                                       6
<PAGE>

successors and assigns of the parties hereto. This Agreement shall not be deemed
to confer upon any person not a party hereto any rights or remedies hereunder.

     5.10 WAIVER.  No waiver by any party of any  default  or breach by  another
party of any representation,  warranty,  covenant or condition contained in this
Agreement shall be deemed to be a waiver of any subsequent  default or breach by
such  party of the  same or any  other  representation,  warranty,  covenant  or
condition. No act, delay, omission or course of dealing on the part of any party
in exercising  any right,  power or remedy under this  Agreement or at law or in
equity  shall  operate as a waiver  thereof or otherwise  prejudice  any of such
party's rights, powers and remedies. All remedies,  whether at law or in equity,
shall be cumulative  and the election of any one or more shall not  constitute a
waiver of the right to pursue other available remedies.

     5.11 EXPENSES. At or prior to the Closing, the parties hereto shall pay all
of  their  own  expenses  relating  to the  transactions  contemplated  by  this
Agreement,  including,  without  limitation,  the  fees  and  expenses  of their
respective counsel and financial advisers.

                               [SIGNATURES FOLLOW]

                                       7
<PAGE>

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

CHINA ENERGY SAVINGS TECHNOLOGY, INC.,     EUROFAITH HOLDINGS INC.,
a Nevada corporation                       a British Virgin Island corporation

By: /s/ Sun Li                             By: /s/ Sim Lai Fun
    ----------------------------------         ---------------------------------
Name: Sun Li                               Name: Sim Lai Fun
Title: Chief Executive Officer             Title: Sole Director
Address: Suite 3203A, 32/F.,               Address: Suite 3203A, 32/F.
         Central Plaza,                             Central Plaza,
         18 Harbour Road,                           18 Harbour Road,
         Wanchai,                                   Wanchai,
         Hong Kong                                  Hong Kong

                                       8

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