Document:

EXHIBIT
      10.1

     

    THIS
      NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE OFFERED
      OR SOLD UNLESS A REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE
      STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR AN
      EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE STATE
      SECURITIES LAWS IS AVAILABLE IN CONNECTION WITH SUCH OFFER OR SALE.

     

    

    NANOSENSORS,
      INC.

    SENIOR
      PROMISSORY NOTE

     

    
      	
              New
                York, New York 

            	
              $200,000.00

            

    

    Issue
      Date as of: May 9, 2008

     

    FOR
      VALUE RECEIVED, NANOSENSORS, INC., a
      Nevada
      corporation (the
      “Company”),
      hereby unconditionally promises to pay to the order of THE
      GAMING NETWORK, A.G.,
      a
      Panamanian corporation having its offices c/o Shirley y Asociados, Edificio
      ADR,
      Piso 13, Avenida Samuel Lewis, Obarrio, Panama City, Republic of Panama, or
      its
      permitted successors or assigns (the “Holder”),
      the
      principal sum (“Principal”)
      of Two
      Hundred Thousand Dollars ($200,000.00)
      in the
      lawful money of the United States of America available in immediately available
      funds, on the date and in the amount set forth in this Senior Promissory Note
      (this “Note”),
      provided, however, that the aggregate unpaid Principal balance (the
“Principal
      Balance”)
      of
      this Note shall in all events be due and payable, on September 30, 2008, or,
      if
      earlier, upon the occurrence of an Event of Default (the “Maturity
      Date”).
      

     

    The
      Company also promises to pay interest (computed on the basis of a 365-day year
      for actual days elapsed) at said office in like money on the unpaid Principal
      amount of this Note from time to time outstanding at a rate of five percent
      (5%)
      per annum simple interest (“Interest”).
      Interest on this Note shall be payable on the Maturity Date, except as provided
      in Section 4(c). 

     

    The
      Company further agrees that upon and following an Event of Default (as defined
      herein) and/or after any stated or any accelerated maturity of the indebtedness
      evidenced hereby, the aggregate Principal Balance of this Note shall bear
      Interest (computed daily) at a rate equal to five percent (5%) per annum in
      excess of the rate then applicable to this Note, payable on demand
      (“Default
      Interest Rate”).
      In no
      event shall Interest payable hereunder be in excess of the maximum rate of
      interest permitted under applicable law. If any payment to be so made hereunder
      becomes due and payable on a day other than a Business Day, such payment shall
      be extended to the next succeeding Business Day, and to the extent permitted
      by
      applicable law, interest thereon shall be payable at the then applicable rate
      during such extension.

     

    All
      payments hereunder shall be made to the Holder unconditionally in full without
      set-off, counterclaim or, to the extent permitted by applicable law, other
      defense, and free and clear of, and without reduction for or on account of,
      any
      present and future taxes or withholdings, and all liabilities with respect
      thereto.

     

    All
      payments shall be made by wire transfer to an account or accounts designated
      by
      Holder which shall provide federal wire transfer instructions to the
      Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      following additional terms shall apply to this Note:

     

    1. DEFINITIONS.

     

    “Business
      Day”
means
      any
      day
      other than a Saturday, a Sunday or a day on which the New York Stock Exchange
      is
      closed or on which banks are authorized by law to close in New York, New
      York.

     

    “Governmental
      Authority”
means
      any nation or government, any state, provincial or political subdivision thereof
      and any entity exercising executive, legislative, judicial, regulatory or
      administrative functions of or pertaining to government, including without
      limitation any stock exchange, securities market or self-regulatory
      organization.

     

    “Letter
      of Intent”
means
      Letter of Intent, dated May 9, 2008, between the Company and The Gaming Network,
      A.G., a Panama corporation.

     

    “Liquidation
      Event”
means
      the (i) institution of any insolvency or bankruptcy proceedings, or any
      receivership, liquidation, reorganization or other similar proceedings in
      connection therewith, relative to the Company,
      or to
      its creditors, as such, or to its assets; or (ii) the liquidation, dissolution
      or other winding up of the Company, whether voluntary (including without
      limitation by a vote or action of the Board of Directors of the Company) or
      involuntary and whether or not involving insolvency or bankruptcy proceedings;
      (iii) any assignment for the benefit of creditors or any marshalling of the
      material assets or material liabilities of the Company;
      (iv)
      the admission, in writing, by the Company of its inability to pay its debts
      as
      such debts become due or the failure of the Company generally to pay its debts
      as they come due; or (v) the Company fails to pay the Principal or Interest
      or
      any other amounts payable under this Promissory Note when the same becomes
      due
      and payable.

     

    “Merger
      Agreement”
means
      the Merger Agreement contemplated by and as defined in the Letter of Intent.
      

     

    “Person”
means
      any individual, corporation, trust, association, company, partnership, joint
      venture, limited liability company, joint stock company, Governmental Authority
      or other entity. 

     

    All
      definitions contained in this Promissory Note are equally applicable to the
      singular and plural forms of the terms defined. The words “hereof”, “herein” and
“hereunder” and words of similar import referring to this Promissory Note refer
      to this Promissory Note as a whole and not to any particular provision of this
      Promissory Note. 

     

    2. INTEREST.
       

     

    (a) The
      Holder shall be entitled to receive Interest in cash at the annual rate of
      5.0%
      simple interest per annum payable on the Maturity Date. 

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) All
      payments made by the Company on this Promissory Note shall be applied first
      to
      the payment of accrued and unpaid Interest on this Promissory Note and then
      to
      the reduction of the unpaid Principal amount of this Promissory Note. Payments
      of Principal and Interest shall be deemed made on the date such payment is
      received in an account or accounts designated by the Holder. 

     

       (c) In
      the
      event that the date for the payment of any amount payable under this Promissory
      Note falls due on a Saturday, Sunday or public holiday under the laws of the
      State of New York, the time for payment of such amount shall be extended to
      the
      next succeeding Business Day and Interest shall continue to accrue on any
      Principal amount so effected until the payment thereof on such extended due
      date.

     

    3. PREPAYMENT.
      

     

    The
      Company may prepay the Principal Balance of this Promissory Note, in whole
      or in
      part, at any time, without discount or penalty, provided that each such
      prepayment shall be accompanied by Interest accrued or the amount prepaid to
      and
      including the date of prepayment.

     

    4.
       EVENTS
      OF DEFAULT.

     

    (a) Events
      of Default.
      Each of
      the following events shall be deemed an “Event
      of Default”:
      

     

    (i)  The
      failure of Company to pay Principal, Interest or any other amount payable
      hereunder within five (5) days after such amount becomes due
      hereunder;

     

    (ii)  The
      public announcement of the occurrence of a Liquidation Event;

     

    (iii)  The
      termination of the Letter of Intent without the Merger Agreement having been
      executed, or when executed, the Merger Agreement in each case for any reason;
      or

     

    (iv)  The
      failure of the closing under the Merger Agreement to occur by September 30,
      2008.

     

    (b) If
      any
      Event of Default shall occur, the Holder may, by notice to the Company, declare
      the entire unpaid Principal Balance and unpaid accrued Interest in respect
      thereof of this Promissory Note, and all other amounts payable hereunder, to
      be
      forthwith due and payable, whereupon all unpaid Principal Balance and unpaid
      accrued Interest under this Promissory Note and all such other amounts shall
      become and be forthwith due and payable, without presentment, demand, protest
      or
      further notice of any kind, all of which are hereby expressly waived by the
      Company, provided that if a Liquidation Event shall occur, this Promissory
      Note
      shall automatically become immediately due and payable without presentment,
      demand, protest or further notice of any kind, all of which are expressly waived
      by the Company.

     

    (c) Upon
      the
      occurrence and during the continuation of an Event of Default, interest shall
      accrue on the outstanding Principal Balance of this Promissory Note at the
      Default Interest Rate until such amount is paid in full. Any Interest that
      accrues at the Default Interest Rate shall be due and payable on the last day
      of
      each calendar month (through and including the date of payment). 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (d) The
      remedies of the Holder in this Promissory Note or at law or in equity, shall
      be
      cumulative and concurrent, and may be pursued singly, successively or together
      in the Holder’s discretion. The Company agrees to pay all reasonable costs of
      collection with respect to amounts owing under this Promissory Note, including,
      without limitation, reasonable attorneys’ fees and disbursements of the
      Holder.

     

    5. SENIORITY.

     

    This
      Promissory Note shall be senior in priority to the general obligations of the
      Company. 

     

    6. MISCELLANEOUS.

     

    (a) Failure
      to Exercise Rights not Waiver.
      No
      failure or delay on the part of the Holder in the exercise of any power, right
      or privilege hereunder shall operate as a waiver thereof, nor shall any single
      or partial exercise of any such power, right or privilege preclude any other
      or
      further exercise thereof. All rights and remedies of the Holder hereunder are
      cumulative and not exclusive of any rights or remedies otherwise
      available.

     

    (b) Notices.
      Any
      notice, demand or request required or permitted to be given by the Company
      or
      the Holder pursuant to the terms of this Promissory Note shall be in writing
      and
      shall be deemed delivered (i) when delivered personally or by verifiable
      facsimile transmission, unless such delivery is made on a day that is not a
      Business Day, in which case such delivery will be deemed to be made on the
      next
      succeeding Business Day, (ii) on the next Business Day after delivery to an
      overnight courier and (iii) on
      the
      Business Day actually received if sent by a reputable courier
      service,
      with
      fees prepaid, addressed as follows: 

     

    
      	
              If
                to the Holder:

            	
              With
                a copy to:

            
	 	 
	
              The
                Gaming Network, A.G.

            	 
	
              c/o
                Shirley y Asociados

            	 
	
              Edificio
                ADR, Piso 13

            	 
	
              Avenida
                Samuel Lewis, Obarrio

            	 
	
              Panama
                City, Republic of Panama

            	 
	
              T:
                +507.269.2255

            	
              T:
                

            
	
              F:
                +507.269.1552

            	
              F:

            
	 	 
	
              If
                to the Company:

            	
              With
                a copy to:

            
	 	 
	
              NanoSensors,
                Inc.

            	
              Barry
                J. Miller, Esq.

            
	
              Attn:
                Josh Moser

            	 
	
              1475
                Veterans Blvd.

            	 
	
              Redwood
                City, CA 94063

            	 
	
              P:
                408.306.5956

            	 
	
              F:
                650.618.1483

            	
              F:
                248.479.5395

            

    

     

    Either
      party may from time to time designate by notice delivered in accordance with
      this Section
      6(b),
      specify
      a different address for notices, demands and requests hereunder.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c)
       Amendments.
      No
      amendment, modification or other change to, or waiver of any provision of,
      this
      Promissory Note may be made unless such amendment, modification or change is
      set
      forth in writing and is signed by the Company and the Holder. 

     

    (d)
       Transfer
      of Promissory Note.
      The
      Holder may sell, transfer or otherwise dispose of all or any part of this
      Promissory Note (including without limitation pursuant to a pledge) to any
      person or entity as long as such sale, transfer or disposition is the subject
      of
      an effective registration statement under the Securities Act of 1933, as
      amended, and applicable state securities laws, or is exempt from registration
      thereunder. From and after the date of any such sale, transfer or disposition,
      the transferee hereof shall be deemed to be the holder of a Promissory Note
      in
      the Principal amount acquired by such transferee, and the Company shall, as
      promptly as practicable, issue and deliver to such transferee a new note
      identical in all respects to this Promissory Note, in the name of such
      transferee. The Company shall be entitled to treat the original Holder as the
      holder of this entire Promissory Note unless and until it receives written
      notice of the sale, transfer or disposition hereof.

     

    (e)
       Lost
      or Stolen Promissory Note.
      Upon
      receipt by the Company of evidence of the loss, theft, destruction or mutilation
      of this Promissory Note, and (in the case of loss, theft or destruction) of
      indemnity or security reasonably satisfactory to the Company, and upon surrender
      and cancellation of the Promissory Note, if mutilated, the Company shall execute
      and deliver to the Holder a new Promissory Note identical in all respects to
      this Promissory Note.

     

    (f)
       Governing
      Law; Waiver of Jury Trial.
      This
      Promissory Note shall be governed by and construed in accordance with the laws
      of the State of New York applicable
      to contracts made and to be performed entirely within the State of New York,
      without regard to conflicts of law principles that would require the application
      of the laws of another jurisdiction. The Company agrees that any suit for the
      enforcement of this Promissory Note may be brought in the courts of New York
      sitting in New York County or any Federal court sitting therein and consents
      to
      the nonexclusive jurisdiction of such court and service of process in any such
      suit being made upon the Company by mail at the address set forth in the first
      paragraph of this Promissory Note. The Company hereby waives any objection
      that
      it may now or hereafter have to the venue of any such suit or any such court
      or
      that such suit is brought in an inconvenient forum.
      WAIVER
      OF JURY TRIAL. EACH OF THE PARTIES WAIVES THE RIGHT TO A JURY IN ANY TRIAL
      OF
      ANY CASE OR CONTROVERSY WHICH CASE OR CONTROVERSY ARISES OUT OF OR IS IN RESPECT
      OF ANY DEALINGS AMONG THEM OR ANY ONE OF THEM RELATING TO THE SUBJECT MATTER
      OF
      THIS NOTE.

     

    (g) Successors
      and Assigns.
      The
      terms and conditions of this Promissory Note shall inure to the benefit of
      and
      be binding upon the respective successors (whether by merger or otherwise)
      and
      permitted assigns of the Company and the Holder. The Company may not assign
      its
      rights or obligations under this Promissory Note except as specifically required
      or permitted pursuant to the terms hereof.

     

    (h) Usury. This
      Promissory Note is subject to the express condition that at no time shall the
      Company be obligated or required to pay interest hereunder at a rate which
      could
      subject the Holder to either civil or criminal liability as a result of being
      in
      excess of the maximum interest rate which the Company is permitted by applicable
      law to contract or agree to pay. If by the terms of this Promissory Note, the
      Company is at any time required or obligated to pay interest hereunder at a
      rate
      in excess of such maximum rate, the rate of interest under this Promissory
      Note
      shall be deemed to be immediately reduced to such maximum rate and the interest
      payable shall be computed at such maximum rate and all prior interest payments
      in excess of such maximum rate shall be applied and shall be deemed to have
      been
      payments in reduction of the principal balance of this Promissory Note.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      Company has caused this Promissory Note to be signed in its name by its duly
      authorized officer on the date first above written.

     

     

    NANOSENSORS,
      INC. 

     

     

    By:
      /s/
      Robert
      Baron                                     

    Name:
      Robert Baron 

    Title:
      Interim Chief Executive OfficerExhibit
      10.1 

    

    

    

    

    Equity
      Transfer Agreement

    (English
      Translation)

    

    

    

    May
      9, 2008

     

    
 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    THIS
      EQUITY
      TRANSFER AGREEMENT (the “Agreement”)
      is
      made and entered into on May 9, 2008 in Beijing of China BY
      AND AMONG

    

    Transferer
      1: Xu Wang

     

    Transferer
      2: Tieying Zhao

    

    AND

    

    Transferee:
      Beijing PKU ChinaFront High Technology Co., Ltd. (hereinafter referred to as
      “PKU”)

    

    WHEREAS:
      

     

    
      	1.  	
              China
                TranWiseway Information Technology Co., Ltd (hereinafter referred
                to as
                the “Company”) is a limited liability company duly incorporated and
                existing under the Company Law of the People’s Republic of China (“China”)
                and other relevant laws and regulations of.
                China.

            

      	 	 

    

    
      	2.  	
              Beijing
                Marine Communication & Navigation Company (hereinafter refer to as
                “MCN”), Xu Wang and Tieying Zhao are the existing shareholders of the
                Company, who invested in the Company RMB 2.5 million, RMB 400,000,
                RMB
                100,000, holding 83.33%,
                13.34%
                and 3.33% of the shares of the Company,
                respectively.

            

      	 	 

    

    
      	3.  	
              PKU is
                to purchase 13.34% and 3.33% of the share equity of the Company held
                by Xu
                Wang and Tieying Zhao respectively, in accordance with the terms
                and
                conditions of the Agreement. (hereinafter referred to as “Equity
                Transfer”)

            

    

    

    NOW
      THEREFORE,
      the
      Parties, on the basis of equality and mutual benefit and in accordance with
      the
      Company Law of the People’s Republic of China and other relevant laws and
      regulations of P.R. China, have made and entered into the Agreement with respect
      to the Equity Transfer, under which the Parties hereby agree as
      follows:

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
       

      Article
        1 Equity
        Transfer

    

     

     

    
      	1.1	
              Equity
                transfer

            
	 	 	 
	 	1.1.1 	
              The
                Parties agree that PKU will purchase the shares at the following
                price
                subject to the terms and conditions set forth in the
                Agreement:

            
	 	 	 
	 	 	(1). RMB 3,200,000 for 13.34% equity
              interests in the Company held by Xu Wang;
	 	 	 
	 	 	(2) And RMB 800,000 for 3.33% equity
              interests in the Company’s shares held by Tieying Zhao.
	 	 	 
	
              1.1.2 After
                the Equity Transfer, Xu Wang
                and Tieying Zhao will no longer hold any equity interests in the
                company,
                therefore PKU will hold 16.67% of the Company.

            
	 	 	 
	 	1.1.3	
              The
                Parties agree that upon the Equity Transfer , the composition of
                the
                registered capital of the Company subscribed by the shareholders
                shall be
                as follows:

            

    

     

    
      	
              Name
                of Shareholders

            	
              Capital
                subscription in registered capital

              (unit:
                RMB)

            	
              Share
                proportion

            
	 	 	 
	
              MCN

               

              PKU

            	
              2,500,000

               

              500,000

               

            	
              83.33%

               

              16.67%

            
	
              Total

            	
              3,000,000

            	
              100%

            

    

    

    
      Article
        2 Payment of the Equity Transfer

    

     

    
       

      
        	2.1 	Xu
                Wang and Tieying Zhao agree to execute the Equity Transfer hereunder
                subject to the terms and conditions set forth in the Agreement upon
                the
                execution of the filings necessary for registration of change with
                the
                Administration for Industrial and Commercial, and cause the Company
                to
                arrange the same agent to handle the necessary filing and registration
                of
                equity transfer with the Administration for Industry and Commerce.
                The
                Parties agree to do their best to sign the necessary legal documents
                required by, including but not limited to, commerce authorities and
                administrations for industry and commerce at any time so as to fulfill
                the
                filing and registration of the Equity Transfer as soon as possible.
                

      

      
 

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
       

      
        	2.2 	In
                the event that all the prerequisites for the Equity Transfer set
                forth in
                Article 5 of the Agreement are all satisfied, the Equity Transfer
                hereunder shall be closed in Beijing on May 31, 2008 (“Transfer
                Day”).
	 	 	 
	2.3	Xu
                Wang and Tieying Zhao shall take all necessary measures to demand
                the
                trade receivables listed in Exhibit II be paid as soon as
                possible.

      

       

      
        	2.4 	Xu
                Wang and Tieying Zhao shall cause the Company to submit to PKU on
                the
                Transfer Date:

      

       

      
        	 	 	(1) 	
                new
                  business license issued by competent Administration for Industry
                  and
                  Commerce with the industrial and commercial registration of the
                  Equity
                  Transfer, and relevant filing and registration documents with the
                  Administration for Industry and Commerce in connection with the
                  Equity
                  Transfer hereunder (with the Industry & Commerce Check Stamp )
                  ;

              
	 	 	 	 
	 	 	(2) 	
                except
                  for the relevant documents issued voluntarily by PKU, relevant
                  supporting
                  documents for satisfying other related conditions set forth in
                  Article 5
                  of the Agreement; and

              
	 	 	 	 
	 	 	(3)	
                the
                  written notice for Equity Transfer payment issued by Beijing Marine
                  Communication & Navigation Company (“MCN”), Xu Wang and Tieying Zhao
                  to PKU, in which details about designated payment account shall
                  be
                  specified.

              
	 	 	 	 
	2.5 	
                PKU
                  shall make the payment as follows: the first installment of RMB
                  500,000
                  shall be paid to the Tranferers within three (3) business days
                  after the
                  Execution date; the second installment of RMB 3,500,000 shall bepaid
                  to
                  the Transferers within three (3) business days after the fulfillment
                  of
                  payment conditions defined in Article 5 of this
                  agreement,

              

      

       

      Article
        3 Representation
        and Warranties of PKU 

      
        	 	 
	3.1	
                PKU’s
                  legal status and capacity.
                  PKU has the full power, rights and capacities for execution, delivery
                  and
                  performance of the Agreement, and can act as the subject of litigation.
                  PKU’s execution and performance of the Agreement shall not violate
                  any
                  relevant laws and regulations or government order, nor breach any
                  contract
                  or agreement binding upon PKU or its assets
                  thereof.

              

      

      
 

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      
        	3.2	Legality
                of the Equity Transfer payments.
                PKU hereby warrants that its Equity Transfer payments for acquiring
                the
                Transferers’ equity interests in the Company are legal, and it has full
                power and capacity to make the Equity Transfer payment to the Transferers
                subject to the terms and conditions of the
                Agreement.

      

      
 

    

    
      Article
        4 Representation
        and Warranties of the Company and Transferers

    

     

    Unless
      disclosed to PKU in written form, Xu Wang and Tieying Zhao hereby represent
      and
      warrant to PKU with respect to the following events as at or prior to the
      Execution Date of the Agreement:

     

    
      
        	4.1	Authorization.
                Xu
                Wang and Tieying Zhao have all the necessary rights and authorization
                for
                execution and performance of the Agreement and fulfillment of the
                transactions hereunder. The Agreement shall be binding upon Xu Wang
                and
                Tieying Zhao.
	 	 
	4.2	
                No
                  Conflict.
                  The execution and performance of the Agreement shall not breach,
                  conflict
                  with the articles of association of the Company or bylaws of its
                  organization rules, nor violate any mandatory stipulations of China’s laws
                  and regulations; Xu Wang and Tieying Zhao have acquired all necessary
                  consent or authorization in respect of the transactions hereunder
                  from a
                  third party.

              
	 	 
	4.3	
                Duly
                  existing.
                  The Company is a limited liability company duly incorporated and
                  existing
                  under the laws of China.

              
	 	 
	4.4	
                Investment.
                  The Company does not invest in or operate, including but not limited
                  to
                  its subsidiaries, branch companies, representative offices or branches;
                  or
                  any other entity controlled directly or indirectly by the Company
                  or any
                  other entity in which the Company holds shares.

              
	 	 
	4.5	
                Financial
                  statement.
                  The financial statement (including balance sheet, profit & loss
                  statement and cash flow statement) for the period ended _______,
                  2008
                  (“Balance
                  Sheet Date”)
                  in Exhibit I represents the real, complete and accurate operation
                  state
                  and financial position of the Company in related periods and on
                  related
                  base day. All the Company’s audit accounts and management accounts
                  (including transfer accounts) have been kept in compliance with
                  China’s
                  relevant finance and accounting system in conjunction with the
                  real
                  condition of the Company, which represent the real and fair financial
                  position and operation state of the Company during the period of
                  relevant
                  accounts. The Company’s financial records and data are in full compliance
                  with China’s laws and regulations and the principles of Chinese Accounting
                  Standard.

              

      

    

    
        

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
       

      
        	4.6	
                Undisclosed
                  liabilities.
                  The Company does not have any other liabilities not represented
                  in the
                  balance sheet except: (1) the liabilities disclosed in Item 4.6of
                  Disclosure List; (2) the normal liabilities of the Company incurring
                  after
                  the Balance Sheet Date, which shall not be prohibited by the Agreement
                  or
                  shall not have materially adverse impact on any shareholder of
                  the Company
                  or the Company itself. Save as the items in Item 4.6 of Disclosure
                  List,
                  the Company has never furnished others with security of guaranty
                  or
                  processed by its assets any pledge, mortgage or any other security
                  right.

              
	 	 
	4.7	
                Capital
                  structure.
                  The share structure of registered capital of the Company in the
                  articles
                  of association of the Company and its amendment with filing and
                  registration with the Administration for Industry and Commerce
                  accords
                  with that in the articles of association and its amendment provided
                  by Xu
                  Wang and Tieying Zhao to PKU (information about share structure
                  is set out
                  in Item 4.7 of Disclosure List ), which represents the complete
                  and
                  accurate capital structure of the Company prior to the Equity Transfer.
                  Except the above shares, the Company has never promised to anybody
                  in any
                  form or issued any other share equity, shares, bonds or options,
                  or any
                  other same or similar share equity.

              
	 	 
	4.8	
                No
                  Change.
                  From the Balance Sheet Date to the Execution Date of the Agreement,
                  unless
                  otherwise specified in the Agreement or disclosed in Item 4.8 of
                  Disclosure List by Xu Wang and Tieying Zhao which shall be approved
                  by PKU
                  in written form, the Company does not
                  :

              

      

       

      
        	 	4.8.1 	
                repay
                  the liabilities in advance;

              
	 	 	 
	 	4.8.2	
                furnish
                  others with security of guaranty or process by its assets any mortgage,
                  deliver of pledge or any other security right;

              
	 	 	 
	 	4.8.3	
                exempt
                  its creditor’s rights upon others or waive its rights of
                  claim;

              
	 	 	 
	 	4.8.4	
                revise
                  any existing contracts or agreements;

              
	 	 	 
	 	4.8.5	
                give
                  bonus to any management, director, employee, sales representative,
                  agent
                  or adviser or increase their income in any other form, nor raise
                  the
                  salaries of the five persons with the best salary in the Company
                  and CEO,
                  president, COO and CFO by 10% within any time period of twelve
                  months;

              

      

       

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
       

      
        	 	4.8.6    	
                suffer
                  any loss (whether or not has bought the insurance), or worse relationship
                  with suppliers, customers or employees, which may lead to materially
                  adverse impact on the Company;

              
	 	 	 
	 	4.8.7     	
                change
                  the method of accounting calculation, accounting policy or principles
                  or
                  rules and regulations of financial accounting of the
                  Company;

              
	 	 	 
	 	4.8.8    	
                transfer
                  or authorize others to use the intellectual property of the Company
                  except
                  in the Company’s normal business activities;

              
	 	 	 
	 	4.8.9     	
                have
                  material change with regard to conventional sales or accounting
                  method,
                  employing policy or rules and regulations;

              
	 	 	 
	 	4.8.10  	
                have
                  materially adverse change regarding the Company’s financial position; or
                  have other transactions rather than the regular business and give
                  rise to
                  responsibilities;

              
	 	 	 
	 	4.8.11  	
                make
                  any resolution at shareholders’ meeting or board resolution which are
                  different from those discussing routine matters at annual general
                  meeting,
                  excluding those made particularly for the performance of the
                  Agreement;

              
	 	 	 
	 	4.8.12  	
                declare,
                  pay, cause or is to declare, pay, cause any dividends, bonus or
                  dividends
                  paid to shareholders in any other form;

              
	 	 	 
	 	4.8.13  	
                (i)
                  sell, mortgage, pledge, lease, transfer or dispose beyond its normal
                  business scope the assets whose transaction amount reaches over
                  RMB
                  30,000, (ii) dispose any fixed asset or approve the disposal of
                  its fixed
                  asset by others, give up the control over the assets of the Company,
                  enter
                  into any contract which may result in the fixed assets expenditure,
                  or
                  give rise to any other responsibilities; (iii) have any expenditure
                  over
                  RMB 30,000 beyond its normal business scope or purchase any tangible
                  or
                  intangible assets (including the share equity investment in any
                  company);

              
	 	 	 
	 	4.8.14  	
                have
                  any transaction or action not belonging to its ordinary course
                  of
                  business;

              
	 	 	 
	 	4.8.15  	
                or
                  have any action or omission which may lead to the above
                  events.

              
	 	 	 
	4.9  	
                Tax.
                  The Company has had all the tax registration required by the laws
                  and
                  regulations, and has paid all the tax
                  payables.

              

      

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      
        	4.10  	
                Asset.
                  The Company has the full power and right to own and use all their
                  fixed
                  assets and intangible assets. Details about this are set out in
                  Item 4.10
                  of Disclosure List.

              
	 	 
	4.11  	
                Fixed
                  assets.
                  The Company does not have any real estate or relevant shares and
                  obligations.

              
	 	 
	4.12  	
                Contracts.
                  Xu Wang and Tieying Zhao hereby warrant that all the duplicated
                  documents
                  of the existing, effective written contracts have been furnished
                  to PKU,
                  which accord with the originals, and that such contracts are valid
                  and
                  duly executive; that the Company does not have any of the following
                  contracts, agreements or documents binding upon the Company or
                  to which
                  the Company is a party, or violate the terms and conditions or
                  obligations
                  of such contracts, agreements or documents, which:

              
	 	 	 
	 	4.12.1	
                are
                  not made in the ordinary course of business;

              
	 	 	 
	 	4.12.2	
                are
                  not made in a fair way;

              
	 	 	 
	 	4.12.3	
                result
                  in the Company’s loss or prejudice to the Company’s
                  interests;

              
	 	 	 
	 	4.12.4	
                can
                  not be implemented with adequate efforts and expenditure;
                  or

              
	 	 	 
	 	4.12.5	
                limit
                  the Company’s free operation.

              
	 	 	 
	 	 	 
	4.13  	Intellectual
                property.
                Unless otherwise disclosed in Item 4.13 of Disclosure List, the Company
                has the legal title of or rights to use all the intellectual properties
                being used by the Company (including but not limited to patent, trademark,
                copyright, know-how, domain name and business secret, etc.), and
                the
                Company has acquired all the necessary authorization or license of
                the
                intellectual property with regard to a third party’s intellectual property
                during its operation (including but not limited to the intellectual
                property license for the services with regard to providing value-added
                services). The Company does not infringe upon others’ intellectual
                property rights, business secret, know-how or similar rights, and
                is not
                involved in any claim, dispute or proceedings, which remain unresolved
                or
                may occur, against the Company due to the infringement upon any third
                party’s intellectual property rights, business secret, know-how or similar
                rights. The Company has officially registered its trademark, patent,
                software copyright and domain name with relevant authorities.
	 	 
	4.14  	
                Lawsuit.
                  The Company does not have the following events which may bring
                  materially
                  adverse impact on the Company, or have adverse impact on the execution,
                  validness and enforceability of the Agreement and the Equity Transfer
                  thereof, whether it is implemented, remain unresolved or may
                  occur:

              

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

       

      
        	 	 
	 	4.14.1	
                penalty,
                  ban or order against the Company from any government
                  authorities;

              
	 	 	 
	 	4.14.2	
                proceedings
                  or dispute against the Company such as civil, criminal and administrative
                  actions and arbitration, etc.

              
	 	 	 
	4.15  	
                Compliance.
                  The Company’s current operation is in full compliance with the existing
                  laws and regulations, rules and other provisions by relevant
                  administrations of China, (collectively “Laws
                  and Regulations”),
                  and the Company does not breach any of such Laws and Regulations
                  which may
                  lead to materially adverse impact on the Company’s operation or its
                  assets.

              
	 	 
	4.16  	Employees.
	 	 
	 	
                Unless
                  otherwise disclosed in Item 4.16 of Disclosure List,

              
	 	 	 
	 	4.16.1	
                all
                  the employees of the Company abide by relevant applicable labor
                  laws;

              
	 	 	 
	 	4.16.2	
                there
                  are not any labor disputes or potential labor disputes between
                  the Company
                  and its employees and former employees;

              
	 	 	 
	 	4.16.3	
                the
                  Company does not have any overdue economic compensation payable
                  due to
                  terminating the labor contracts, or similar obligation to pay the
                  indemnity or compensation costs with regard to
                  employment;

              
	 	 	 
	 	4.16.4	
                the
                  Company has fully paid and/or withheld employees’ social insurance money
                  or welfares in accordance with relevant laws and regulations, including
                  endowment insurance, housing fund, medical insurance, unemployment
                  insurance and other payable insurance or welfare as per relevant
                  laws and
                  the agreements, and therefore does not have any existing or potential
                  disputes concerning such social insurance and welfares.

              
	 	 	 
	4.17  	Special
                representation and warranties of Xu Wang and Tieying Zhao. Besides
                the
                general representation and warranties aforesaid, Xu Wang and Tieying
                Zhao
                further represent and warrant that:
	 	 	 
	 	4.17.1	
                all
                  the documents including account books, records of equity changes,
                  financial statement and other records of the Company have been
                  kept
                  subject to business rules and controlled by the Company, and all
                  the
                  principal transactions in connection with the Company’s operation have
                  been recorded in an accurate and regular
                  way;

              

      

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      
        	 	4.17.2	
                as
                  at the Transfer Date, all the documents of the Company including
                  the
                  minutes of board meetings and meetings of shareholders’ conference and
                  shareholder list have been kept safely, in which all necessary
                  events
                  required by such documents are recorded well and truly;

              
	 	 	 
	 	4.17.3	
                ever
                  since the Balance Sheet Date, (1) except the normal operation,
                  there are
                  not any events giving rise to advanced debt maturity; (2) except
                  the
                  normal operation, there are not any assets of the Company disposed
                  or out
                  of the Company’s control, and the Company does not reach any agreement
                  which might give rise to additional financial expenditure, nor
                  have any
                  responsibility thereof;

              
	 	 	 
	 	4.17.4	
                the
                  Company has submitted to tax authorities all required information;
                  and up
                  to the Execution Date of the Agreement, the Company doesn’t have any
                  disputes with tax authorities regarding tax responsibility or potential
                  tax responsibility or tax incentives;

              
	 	 	 
	 	4.17.5	
                the
                  Company has the financial documents for normal taxing and tax payment
                  and
                  all the necessary supporting documents for tax incentives with
                  the
                  approval by relevant government departments;

              
	 	 	 
	 	4.17.6	
                except
                  the employee benefit, social and endowment insurance in accordance
                  with
                  the Labor Law of China and relevant provisions, the Company does
                  not
                  provide any other incumbent, retire or elderly welfares or
                  insurance.

              
	 	 	 
	4.18	
                Real
                  holder.
                  The Transferers are the real holders of the equity interests in
                  the
                  Company, and upon the execution of the Agreement, there is no mortgage,
                  pledge, security rights, lien, impediment or other limits in any
                  form to
                  the Transferred Equity, and the Transferers hold the equity interests
                  only
                  for their own sake in stead of proxy holding for any other third
                  party.

              
	 	 
	4.19	
                Information
                  disclosure.
                  All the documents, material facts and information, provided by
                  Xu Wang and
                  Tieying Zhao to PKU prior and after the execution of the Agreement,
                  are
                  true, accurate, without omission and not
                  misleading.

              

      

       

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      
        	 	 
	4.20	
                Xu
                  Wang and Tieying Zhao shall make the above representation and warranties
                  to PKU again on the Transfer Date, as the case may
                  be.

              

      

       

      
        Article
          5 Conditions
          for Payment of the Equity Transfer

      

       

      
        	5.1  	
                Unless
                  exempted by PKU in written form, PKU’s second installment payment
                  obligation will be due if the following conditions are met:
                  :

              
	 	 	 
	 	(1)  	
                there
                  shall be no laws and regulations, and decision, verdict, decree
                  or order
                  by court or relevant authorities to limit, prohibit or cancel the
                  Equity
                  Transfer, nor suspending or potential action, arbitration, decision,
                  verdict, decree or order which have or will have adverse impact
                  on the
                  Company, Xu Wang, Tieying Zhao, or the Equity Transfer, except
                  for
                  PKU;

              
	 	 	 
	 	(2)  	
                From
                  the Execution Date of the Agreement (including Execution Date)
                  up to the
                  Transfer Date, all the representation and warranties made by Xu
                  Wang and
                  Tieying Zhao in Article 4 of the Agreement shall be true, full
                  and
                  accurate;

              
	 	 	 
	 	(3) 	
                From
                  the Execution Date of the Agreement (including Execution Date)
                  up to the
                  Transfer Date, there shall be no events, facts, conditions, changes
                  or
                  other cases which have had or might have (through reasonable
                  foreseeability) materially adverse impact on the
                  Company;

              
	 	 	 
	 	(4)	
                From
                  the Execution Date of the Agreement (including Execution Date)
                  up to the
                  Transfer Date, there shall be no changes in respect of the structure
                  and
                  condition of the Company’s asset which might lead to materially adverse
                  impact on the Company;

              
	 	 	 
	 	(5)	
                Prior
                  to the Transfer Date (including the Transfer Date), Xu Wang and
                  Tieying
                  Zhao shall have fully performed and complied with provisions of
                  the
                  Agreement in respect of the conditions, obligations and promises
                  which
                  shall be satisfied prior to or on the Transfer Date;

              
	 	 	 
	 	(6) 	
                Xu
                  Wang, Tieying Zhao, and the Company shall enter into Confidentiality
                  and
                  Non-competition Agreement with the approval by
                  PKU;

              

         

        
          
            
            

          

          
            11

            
              

            

          

          
            
            

          

        

         

        
          	 	(7)	
                  The
                    Company shall provide PKU with the list of all contracts as of
                    the
                    Transfer Date and the copies;

                
	 	 	 
	 	(8)	
                  The
                    Company shall provide PKU with the details of all trade receivables
                    of the
                    effective contracts as of the Transfer Date and the details of
                    the
                    remaining contract amount;

                
	 	 	 
	 	(9)	
                  The
                    Company shall provide PKU with the details of all trade payables
                    of the
                    effective contracts as of the Transfer Date and the details of
                    the
                    remaining contract amount;

                
	 	 	 
	 	(10) 	
                  Xu
                    Wang shall submit the resignation as the director of the Company;
                    

                
	 	 	 
	 	(11)	
                  The
                    Company shall retrieve above 90% of the receivables listed in
                    Exhibit II
                    of this Agreement; and 

                
	 	 	 
	 	(12)	
                  The
                    MCN shall register all the files with the Administration of Industry
                    and
                    Commerce related to PKU’s increase of the registered capital of the
                    Company.

                

        

      

    

    

    
      Article
        6 Governing
        Structure of the Company after the EquityTransfer

    

     

    
      	6.1  	
              Upon
                the Equity Transfer, the governing structure of the Company shall
                be
                carried out as stipulated in the Company Law of
                China.

            

    

     

    
      Article
        7 Further
        Covenants of the Transferers
 

    
      	7.1  	
              Company
                operation.
                During the period from the execution of the Agreement up to the
                alternation of registration with the Administration for Industry
                and
                Commerce accepted by the Parties, unless as specified in the Agreement
                and
                the Exhibits to the Agreement or approved by PKU in written form,
                Xu Wang
                and Tieying Zhao covenant that the Company will:

            
	 	 	 
	 	7.1.1  	
              be
                operating in a normal way. The Company will continue to maintain
                its
                relationship with customers so that the Company’s reputation and operation
                will not be materially adversely affected after the capital increase
                and
                the Equity Transfer;

            
	 	 	 
	 	7.1.2  	
              will
                not distribute bonus or declare dividends or repurchase shares, nor
                make
                any unusual transactions thus incurring unusual liabilities. Except
                for
                the ordinary course of business, the Company shall not repay the
                loan, or
                disburse trade payables in advance or delay;

            

    

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	7.1.3	
              shall
                pay the due payables and other liabilities in the ordinary course
                of
                business;

            
	 	 	 
	 	7.1.4	
              shall
                perform the contracts, agreements or other documents in respect of
                the
                Company’s assets and business in a timely manner;

            
	 	 	 
	 	7.1.5	
              shall
                not, except for the ordinary course of business, reconcile or waive,
                alter
                its request or other rights without the written approval by
                PKU;

            
	 	 	 
	 	7.1.6	
              shall
                try its best to procure from competent authorities all permits and
                other
                approvals and consents necessary for its operation, so that the Company
                can maintain its legal operation;

            
	 	 	 
	 	7.1.7	
              shall
                not separate, nor merger with any third party or acquire the assets
                or
                business of a third party;

            
	 	 	 
	 	7.1.8  	
              shall
                not breach the representation and warranties of the Agreement through
                action or omission;

            
	 	 	 
	 	7.1.9	
              shall
                inform PKU of relevant events, facts, conditions, changes or other
                cases
                which have had or might have materially adverse impact on the Company
                in a
                timely manner;

            
	 	 	 
	 	7.1.10	
              shall
                handle the tax affairs of the Company as usual in full compliance
                with
                relevant laws and regulations of China.

            
	 	 	 
	7.2  	
              Information
                collection.
                During the period from the execution of the Agreement up to the
                alternation of registration with the Administration for Industry
                and
                Commerce, Xu Wang and Tieying Zhao shall provide, at the reasonable
                request of PKU and its representatives, all relevant documents of
                the
                Company to PKU and its representatives during office hours, including
                but
                not limited to, provide all necessary accounts, records, contracts,
                technical documentation, personnel information, management situation
                and
                other documents to the legal counsel , accountant and other
                representatives appointed by PKU; in order to assist PKU in reviewing
                the
                documents in respect of the Company’s properties, assets and business and
                those mentioned in the Agreement, Xu Wang and Tieying Zhao will permit
                PKU
                to meet or contact the customers and creditors of the Company. Xu
                Wang and
                Tieying Zhao agree that PKU have the full rights to conduct detailed
                due
                diligence investigations in respect of the Company’s financial position,
                asset conditions and operation status at any time prior to the Equity
                Transfer.

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      Article
        8 Taxes
 

    
      	8.1  	
              The
                Parties shall bear their respective taxes for the performance of
                the
                transactions contemplated by the Agreement pursuant to relevant laws
                and
                regulations, those not specified at the expense of the
                Company.

            

    

     

    
      Article
        9 Supplement,
        Modification, Amendment and Termination
 

    
      	9.1  	
              After
                the execution of the Agreement, Supplemental Agreement may be made
                in
                writing upon mutual consultation, which shall take effect upon due
                execution of the Parties hereto.

            
	 	 
	9.2  	
              The
                Agreement may be modified or amended upon mutual consultation. Any
                modification or amendment to the Agreement shall be in writing, which
                shall take effect upon due execution of the Parties
                hereto.

            
	 	 
	9.3  	
              Termination.
                The Agreement may be terminated as follows:

            
	 	 	 
	 	(1)  	
              The
                Parties make written agreement to terminate the Agreement and define
                the
                effective date of termination;

            
	 	 	 
	 	(2)  	
              One
                party shall inform the other party in writing of the termination
                of the
                Agreement as at a time not less than ten (10) business days prior
                to the
                effective date of termination which shall be contained in the
                notification, in the event that: 

            

    

     

    
      	 	 	(a)  	
              the
                other party’s representation or warranties are found not true or have
                material omission when made or on the Transfer Date; 

            
	 	 	 	 
	 	 	(b)  	
              the
                other party does not perform the terms, promises and obligations
                in
                accordance with the Agreement, and doesn’t take effective remedial actions
                within ten (10) days upon receipt of written notification from the
                party.
                

            
	 	 	 	 
	 	(3)  	
              Where
                the Equity Transfer set forth in Article 2 hereunder cannot be performed
                within one (1) month as of the Transfer Date, PKU has the right to
                terminate the Agreement.

            
	 	 	 	 
	9.4  	
              Validity
                of termination.

            
	 	 	 	 
	 	(1)  	
              In
                the event that the Agreement is terminated as pursuant to any clause
                of
                Article 9.3, the Agreement shall be null and void;

            
	 	 	 

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    
      	 	(2)  	
              Upon
                the termination of the Agreement, the Parties shall adhere to the
                principles of equity, fairness and credit and return to the other
                party
                the considerations obtained pursuant to the Agreement, trying their
                best
                to resume the initial state on execution of the Agreement;
                

            
	 	 	 
	 	(3)  	
              Upon
                the termination of the Agreement, all the rights and obligations
                of the
                Parties under the Agreement shall be terminated, and one party shall
                not
                demand any claim against the other party in respect of the Agreement
                and
                its termination, except the responsibilities set out in Article 10
                of the
                Agreement.

            

    

     

    
      Article
        10 Defaults

    

     

    
      	10.1  	
              Any
                breach of or failure to perform its representation, warranties,
                obligations or responsibilities by one party shall constitute the
                default.

            
	 	 
	10.2  	
              Unless
                otherwise specified in the Agreement, in case of any other additional
                expenses, responsibilities or loss incurred to the other party due
                to the
                default of one party, the default party shall indemnify the innocent
                party
                for such expenses, responsibilities or losses (including but not
                limited
                to interests and counsel fees, paid or lost due to the default).
                The total
                amount of the indemnification the default party has to pay to the
                innocent
                party shall be equal to the loss due to such default action, and
                in
                addition, the default party shall pay the innocent party 20% of such
                loss
                due to the default above as penalty.

            
	 	 
	
              Article
                11 Force
                Majeure

            
	 	 
	11.1  	
              Any
                delay in or failure of performance by either party of all or any
                of their
                obligations under this Agreement shall not constitute a breach hereunder
                if, and to the extent that such delays or failures are caused by
                force
                majeure, provided that necessary remedial measures shall be taken
                to
                reduce the damage under proper condition.

            
	 	
            
	11.2  	
              The
                affected party shall inform the other party(ies) of the occurrence
                of
                force majeure in writing within three (3) business days after the
                occurrence of force majeure, and furnish the other party(ies) with
                descriptions of force majeure and proving documents issued by local
                competent notaries for such failure of or delay in performance of
                all or
                any of its obligations within fifteen (15) business days after the
                occurrence of the force majeure. It is up to the Parties to determine
                whether to terminate the Agreement, or partially exempt the performance
                of
                the Agreement, or prolong the performance of the Agreement. In the
                event
                that the Parties cannot reach an agreement within sixty (60) days
                after
                the occurrence of force majeure or events, the party affected by
                force
                majeure or events has the full right to terminate the Agreement,
                and any
                party shall not be liable for the loss caused to other party(ies)
                thereof.

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    
      	 	 
	11.3  	
              The
                force majeure means objective events or circumstances, unpredictable,
                unavoidable and uncontrollable, which includes earthquake, typhoon,
                flood,
                fire, war and other unpredictable, unavoidable and uncontrollable
                Acts of
                Gods, and change of any laws, rules and regulations, promulgation
                of new
                laws, rules and regulations, or any government act leading to direct
                influence on the performance of the Agreement or failure to perform
                the
                terms and conditions hereunder.

            
	 	 
	
              Article
                12 Applicable
                Law and Dispute Settlement

            
	 	
            
	12.1  	
              The
                execution, validity, interpretation, performance and dispute settlement
                hereunder shall be governed by and construed in accordance with the
                laws
                of China. In case of certain items in respect of the Agreement not
                stipulated in promulgated laws and regulations of China, such items
                shall
                be construed and performed as per generally accepted international
                business practice in compliance with the laws and regulations of
                China.

            
	 	 
	12.2  	
              Any
                dispute arising out of the performance of the Agreement or in connection
                with the Agreement shall be settled via friendly consultation. In
                case of
                any dispute failing friendly settlement within fifteen (15) days
                after the
                dispute, either party may submit such dispute to Beijing Arbitration
                Commission for arbitration as per the prevailing rules and procedures.
                The
                arbitration shall be performed in Beijing. The arbitration award
                shall be
                final and binding upon all the parties.

            
	 	 
	12.3  	
              During
                the arbitration, the Parties shall have the remaining rights under
                the
                Agreement and continue to perform their respective obligations
                hereunder.

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    
      	
              Article
                13 Notice
                and Delivery

            
	 	 
	13.1  	
              Any
                effective notice or other communication relating to the Agreement
                between
                the Parties (“Notice”)
                shall be in writing (including fax and e-mail) and posted, sent by
                courier
                or addressed to that notified party at the address or telephone number
                hereunder with the name of attention on the Notice.
                

            

    

    

    PKU

    Addr:
      Room 717, E-Wing Center, No. 113, Zhichun Road, Haidian District,
      Beijing

    Post
      code:10086

    Tel:
      82671299 ext 8007

    

    Xu
      Wang
      and Tieying Zhao

    Attn.:

    Addr:

    Post
      code:

    Tel:

    
       

      
        	13.2  	
                The
                  service time for the Notice shall be determined by the
                  following:

              
	 	 	 	 
	 	 	(4)  	
                the
                  Notice shall be deemed to have been received if it is personally
                  delivered
                  or sent by courier and the notified party issues the receipt; those
                  without the notified party’s receipt shall not be deemed to have been duly
                  served on;

              
	 	 	 	 
	 	 	(5)  	
                those
                  Notices, which can be sent by post and shall be delivered through
                  registered express or EMS, shall be deemed to have been received
                  by the
                  notified party on the seventh day after the date of
                  dispatch;

              
	 	 	 	 
	 	 	(6)  	
                the
                  Notice is deemed as given upon the date on the receipt of fax notice
                  or
                  e-mail.

              
	 	 	 	 
	13.3  	
                In
                  case of any change of the above address or telephone number of
                  either
                  party (hereinafter referred to as “Change
                  Party”),
                  the Change Party shall notify other parties within seven (7) days
                  after
                  the change. Where the Change Party does not notify other parties
                  of such
                  change in a timely way, it shall bear any loss or damages incurred
                  to
                  other parties thereof. 

              

      

       

      
        
          
          

        

        
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                Article
                  14 Information
                  Disclosure

              
	 	 	 	 
	14.1  	
                Unless
                  otherwise specified in the Agreement, the terms and conditions
                  hereunder
                  in respect of Equity Transfer (including all terms and conditions
                  hereunder, the Exhibits and any other relevant documents relating
                  to
                  investment) are confidential and shall not be disclosed to any
                  third
                  party. If required by relevant laws, the disclosing party shall
                  discuss
                  with the other party the disclosure and submission of relevant
                  information
                  within reasonable time prior to the disclosure and submission,
                  and where
                  the third party requests such disclosure and submission, the disclosing
                  party shall cause the third party learning the information and
                  handle the
                  information with confidentiality; provided that the Equity Transfer
                  is
                  performed, the Parties may not be restricted by the fact that such
                  disclosure shall only be made to a third party.

              
	 	 	 	 
	
                Article
                  15 Miscellaneous

              
	 	 	 	 
	15.1  	
                The
                  supplementary exhibits to the Agreement are integral part of the
                  Agreement, and shall have the same legal binding force with the
                  Agreement;
                  in case of discrepancy between the exhibits and the text of the
                  Agreement,
                  the text of the Agreement shall prevail

              
	 	 
	15.2  	
                In
                  case any provision under the Agreement and the exhibits is found
                  invalid
                  or not enforceable in accordance with applicable laws, such provision
                  shall be deemed as non-existence from the beginning and the remaining
                  provisions maintain effective; the Parties may define new provisions
                  through consultation complying with the laws to bring about the
                  original
                  intention of such provision to the greatest extent.

              
	 	 
	15.3  	
                The
                  Agreement shall also be binding upon the successors and transferees
                  of the
                  Parties, and such successors and transferees may have and hold
                  the shares
                  hereunder.

              
	 	 
	 	
                PKU
                  may assign and transfer its rights, shares and obligations hereunder
                  to
                  its affiliated companies, wholly-owned subsidiaries and holding
                  company’s
                  wholly-owned subsidiaries. In case of default of PKU or its transferee(s),
                  PKU or its transferee(s) shall be jointly and severally
                  liable.

              

      

       

      
        
          
          

        

        
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                Except
                  for the aforesaid provisions, any party shall not assign or transfer
                  any
                  of its rights or obligations hereunder.

              
	 	 
	15.4  	
                Unless
                  otherwise specified in the Agreement, that one party does not perform
                  or
                  delay its performance of its rights, power and privilege does not
                  constitute its waiver of such rights, power and privilege, and
                  single or
                  partial performance of such rights, power and privilege shall not
                  prevent
                  its performance of any other rights, power and
                  privilege.

              
	 	
              
	15.5  	
                The
                  Agreement shall be effective with the official seal and the signature
                  by
                  the legal representative or duly authorized representative of the
                  Parties.

              
	 	 
	15.6  	
                The
                  Agreement is made in six (6) copies of equal validity with PKU
                  holding two
                  (2) copies, the other Parties one (1) copy each and one (1) copy
                  for
                  competent Administration for Industry and Commerce.

              
	 	 
	 	 
	 	Transferer
                1:
                
	 	 
	 	/s/ Xu
                Wang                          
                 
	 	Xu Wang
	 	 
	 	 
	 	Transferer
                2:
	 	 
	 	/s/ Tieying
                Zhao                    
                 
	 	Tieying
                Zhao
	 	 
	 	
              
	 	Transferee:
                Beijing PKU ChinaFront Technology Co., Ltd. 
	 	 
	 	/s/ Shudong
                Xia                        
	 	
                Shudong
                  Xia

                Authorized
                  representative

              
	 	 	 	 
	 	 	 	 

      

    

     

    
      
        
        

      

      
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