Document:

SECURITIES
      EXCHANGE AGREEMENT

     

    This
      SECURITIES EXCHANGE AGREEMENT (the “Agreement”)
      is
      entered into as of May 15, 2007 by and among MILL BASIN TECHNOLOGIES, LTD,
      a
      Nevada corporation (“Mill
      Basin”);
      HARBORVIEW MASTER FUND LP and DIVERSE TRADING LTD., (collectively, the
“Mill
      Basin Guarantors”);
      ALLIED MORAL HOLDINGS, LTD., an international business company organized under
      the laws of the British Virgin Islands (the “Company”);
      and
      all the shareholders of the Company who have executed this Agreement on the
      signature page hereto (the “Company
      Shareholders”),
      with
      respect to the following facts: 

     

    A. Company
      is a holding company for various subsidiaries that manufacture radiological
      diagnostic and treatment devices and other medical equipment in the People’s
      Republic of China (“PRC”).

     

    B. Mill
      Basin is publicly traded company that, as of September 5, 2006, has ceased
      active business operations and is currently seeking merger opportunities or
      business combinations.

     

    C. The
      Mill
      Basin Guarantors own in excess of 95% of the issued and outstanding capital
      stock of Mill Basin and are parties to this Agreement for the purpose of making
      certain representations, warranties, covenants and agreements.

     

    D. Mill
      Basin desires to acquire all of the equity ownership of the Company from the
      Company Shareholders in exchange for shares of Mill Basin Common Stock and
      Mill
      Basin Preferred Stock (as defined in Section 1.1), and the Company Shareholders
      desire to transfer and contribute all of their equity ownership of the Company
      to Mill Basin in exchange for Mill Basin Common Stock on the terms and
      conditions set forth herein.

     

    E. Since
      the
      Company’s business has grown rapidly in the last few years, and in recognition
      of the various opportunities for significant growth ahead, the parties believe
      that the payment of additional compensation for the exchange of Company Ordinary
      Shares (as defined below) based on the operating performance of the business
      is
      a fair means of adjusting the consideration in the event that the future
      operating results demonstrate that the value of the Company’s business was
      greater than the payments otherwise provided for herein.

     

    NOW,
      THEREFORE, in consideration of the foregoing and the respective covenants,
      representations and promises set forth herein, the parties agree as
      follows:

     

    ARTICLE
      1

    Securities
      Exchange

     

    1.1  Agreement
      to Exchange Securities.
      

     

    (a)  Exchange.
      Subject
      to the terms and upon the conditions set forth herein, each Company Shareholder
      agrees to sell, assign, transfer and deliver to Mill Basin, and Mill Basin
      agrees to purchase from each Company Shareholder, at the Closing, all of the
      shares of capital stock of the Company, consisting of ordinary shares of capital
      stock, par value US$0.01 per share (the “Company
      Ordinary Shares”)
      and
      shares of Company preferred stock, par value US $0.01 per share (the
“Company
      Preferred Shares”
and
      together with the Company Ordinary Shares, the “Company
      Shares”),
      owned
      by the respective Company Shareholders as listed in the Company Disclosure
      Schedule, in exchange for the issuance by Mill Basin of (i) an aggregate of
      13,000,000 shares of common stock, no par value, of Mill Basin (the
“Mill
      Basin Common Stock”),
      (ii)
      an aggregate of 266,667 shares of preferred stock, no par value, of Mill Basin
      (the “Mill
      Basin Preferred Stock”)
      and
      (ii) an aggregate of up to 1,238,100 shares of Mill Basin Common Stock (the
      “Incentive
      Shares”)
      payable to the holders of Company Ordinary Shares in the event Mill Basin
      achieves the After Tax Profit targets specified below. Mill
      Basin shall also assume the obligation of the Company to pay contingent
      consideration to Chardan Capital LLC, of up to 361,900 shares of Mill Basin
      Common Stock, if the After-Tax Profit targets set forth below are met. The
      shares of Mill Basin Common Stock issuable to the Company Shareholders in
      exchange for the Company Shares and as a result of the assumption of the
      obligation to Chardan Capital are referred to as the “Mill
      Basin Stock.”

     

    
      
         

      

      
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    (b)  Allocation.
      The
      payment for the Company Shares shall be allocated among the Company Shareholders
      as set forth on Exhibit 1 attached hereto and shall be distributed between
      the
      holders of the different classes of Company Shares as follows: (i) to the holder
      of Company Preferred Shares, a total of 266,666 shares of Mill Basin Preferred
      Stock (payable on the basis of one share of Mill Basin Preferred Stock for
      every
      ten shares of Company Preferred Stock); and (ii) to the holders of Company
      Ordinary Shares, a total of 13,000,000 shares of Mill Basin Common Stock
      (payable on the basis of one share of Mill Basin Common Stock for each Company
      Ordinary Share) plus
      any
      Incentive Shares (allocated on a pro rata basis based on the relative ownership
      percentages of Company Ordinary Shares as set forth on Exhibit 1). that may
      be
      payable on the basis of Mill Basin achieving the After-Tax Profit targets set
      forth below.

     

    (c)  Incentive
      Shares.
      So long
      as Mill Basin, following the Closing, on a consolidated basis, achieves or
      exceeds the After-Tax Profit (as defined below) targets (as set forth below)
      calculated for the period of January 1 to the succeeding December 31,
      ending on December 31 in each of 2008, 2009, 2010 and 2011, the holders of
      Company Ordinary Shares as of the Closing shall receive the number of shares
      of
      Mill Basin Common Stock (the “Incentive
      Shares”)
      set
      forth below. (If the After-Tax Profit targets are not achieved or exceeded
      for
      any year, then the shares for that year will not be issued, regardless of
      whether Mill Basin achieved the targets in previous years or achieves the
      targets in future years.) The payment of these additional shares is in exchange
      for the Company Ordinary Shares held by the holders thereof and is not
      contingent upon the continued employment or other relationships of such holders
      with any entity. If the respective target is achieved or exceeded, such
      additional Mill Basin shares shall be issued within the later of (i) 90 days
      after the end of the respective fiscal year, or (ii) 15 days following
      the issuance of the audit report for Mill Basin for such fiscal
      year.

     

    
      	
              After-Tax
                Profit Targets for 12 Months
                Ending

            

    

    

    
      	
              December
                31

              2008

            	
              December
                31

              2009

            	
              December
                31

              2010

            	
              December
                31

              2011

            
	
              $13,100,000

            	
              $18,500,000

            	
              $26,200,000

            	
              $34,060,000

            

    

    

    
      	
              Shares
                Issuable Upon Achieving or Exceeding the Respective After-Tax Profit
                Targets

            
	
              December
                31

              2008

            	
              December
                31

              2009

            	
              December
                31

              2010

            	
              December
                31

              2011

            
	
              309,525

            	
              309,525

            	
              309,525

            	
              309,525

            

    

     

    After
      Tax
      Profit shall mean the number reflected as net income on the statement of
      operations included in the audited financial statements for Mill Basin and
      shall
      be computed by using the generally accepted accounting principles that were
      used
      for purpose of preparing the Company Financial Statements; but excluding
      (i) any
      After-Tax Profits from any acquisition by Mill Basin or its subsidiaries (after
      the Closing) that involved the issuance of securities that has a dilutive effect
      on the holders of common stock of Mill Basin, and (ii) any expenses related
      to
      the issue of the aforesaid shares by Mill Basin under this
      Section 1.1(c).

     

    1.2  Closing.
      The
      closing (“Closing”)
      of the
      exchange of the Company Shares and the Mill Basin Stock shall take place at
      the
      offices of DLA Piper US LLP, located at 4365 Executive Drive, Suite 1100 San
      Diego, California, at such time and date as may be agreed to by the Company
      and
      Mill Basin, which shall be no later than the third business day after
      satisfaction or waiver of the conditions set forth in Articles 7 and 8, or
      at
      such other time, date and location as the parties hereto may agree in writing
      (“Closing
      Date”).

     

    1.3  Instruments
      of Transfer.

     

    (a)  Company
      Shares.
      Each
      Company Shareholder shall deliver to Mill Basin on the Closing Date certificates
      for the Company Shares owned by the Company Shareholder (“Company
      Certificates”),
      along
      with duly executed stock powers of such Company Certificates, in order to
      effectively vest in Mill Basin all right, title and interest in and to the
      Company Shares owned by the Company Shareholder. The Company shall record the
      transfer of the Company shares on its transfer books. From time to time after
      the Closing Date, and without further consideration, the Company Shareholder
      will execute and deliver such other instruments of transfer and take such other
      actions as Mill Basin may reasonably request in order to more effectively
      transfer to Mill Basin the securities intended to be transferred
      hereunder.

     

    (b)  Mill
      Basin Stock.
      Mill
      Basin shall deliver to the Company Shareholders on the Closing Date original
      certificates evidencing the Mill Basin Stock deliverable on such date (and
      after
      the Closing Date, if Mill Basin achieves the After-Tax Profit Targets, shall
      deliver certificates for Mill Basin Stock issuable based upon achieving such
      targets), in form and substance satisfactory to the Company Shareholders, in
      order to effectively vest in each Company Shareholder its respective right,
      title and interest in and to the Mill Basin Stock. From time to time after
      the
      Closing Date, and without further consideration, Mill Basin will execute and
      deliver such other instruments and take such other actions as the Company
      Shareholders may reasonably request in order to more effectively issue to them
      the Mill Basin Stock.

     

    
      
         

      

      
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    1.4  Restricted
      Securities.
      The
      Mill Basin Stock shall be issued pursuant to exemptions from the registration
      requirements of the Securities Act of 1933, as amended (“Securities
      Act”),
      and
      shall accordingly bear a restrictive legend subject to existing law, as more
      fully described in Section 3.3
      hereof.

     

    ARTICLE
      2

    Representations
      and Warranties of the Company

     

    The
      Company and the Company Shareholders hereby represent and warrant to Mill Basin
      that the statements contained in this Article 2 are true and correct, except
      as
      disclosed in the disclosure
      schedule attached hereto as Exhibit
      2
      (the
“Company
      Disclosure Schedule”),
      which
      is divided into sections that correspond to the sections of this Article
      2
      (with
      the disclosures in any such section of the Company Disclosure Schedule
      qualifying both the corresponding representations and warranties of this Article
      2 and any other representations and warranties of this Article
      2
      to which
      such disclosure would reasonably relate).

     

    2.1  Corporate
      Organization; Qualification.

     

    (a)  The
      Company is an international business company duly organized, validly existing
      and in good standing under the laws of the British Virgin Islands and each
      of
      the Company’s subsidiaries is a corporation duly organized, validly existing and
      in good standing under the laws of its jurisdiction, with the requisite
      corporate power and authority to carry on its business as it is now being
      conducted and to own, operate and lease its properties and assets, is duly
      qualified or licensed to do business as a foreign corporation in good standing
      in every other jurisdiction in which the character or location of the properties
      and assets owned, leased or operated by it or the conduct of its business
      requires such qualification or licensing, except in such jurisdictions in which
      the failure to be so qualified or licensed and in good standing would not,
      individually or in the aggregate, have a Material Adverse Effect (as defined
      below) on the Company and its subsidiaries taken as whole. Complete and correct
      copies of the Company’s Articles of Association and Memorandum of Association
      have previously been made available to Mill Basin.

     

    (b)  Except
      as
      set forth on the Company Disclosure Schedule, the Company does not own or
      control any capital stock of any corporation or any interest in any partnership,
      joint venture or other entity (for purposes of this Article
      2
      and the
      representations set forth herein, any reference to the Company shall include
      the
      Company and all of its subsidiaries disclosed in the Company Disclosure
      Schedule, except where the context otherwise clearly requires). The percentage
      ownership of each such subsidiary is set forth in the Company Disclosure
      Schedule. All capital stock of the subsidiaries owned directly or indirectly
      by
      the Company is held free and clear of all liens, claims and encumbrances except
      as set forth in the Company Disclosure Schedule. Each entity in which the
      Company owns an interest is duly organized, validly existing in good standing,
      and qualified to do business in each jurisdiction in which the nature of its
      business or the ownership or leasing of its properties makes such qualification
      necessary other than in such jurisdictions where the failure so to qualify
      would
      not have a Material Adverse effect on the Company taken as a whole.

     

    
      
         

      

      
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    2.2  Capitalization.
      The
      authorized capital of the Company and the total number of Ordinary Shares and
      shares of Preferred Stock issued and outstanding as of the date of this
      Agreement and the owners thereof and their holdings are as set forth in the
      Company Disclosure Schedule. The shares owned by the Company Shareholders
      represent all of the capital stock of the Company outstanding as of the date
      hereof. All issued and outstanding Company Shares are duly authorized, validly
      issued, fully paid and nonassessable and were not issued in violation of
      preemptive rights, other restrictions or any securities statute or regulation.
      Other than as contemplated by this Agreement, there is no subscription, option,
      warrant, call, right, contract, agreement, commitment, understanding or
      arrangement to which the Company or any subsidiary is a party, or by which
      either is bound, with respect to the issuance, sale, delivery or transfer of
      the
      capital securities of the Company or such subsidiary, including any right of
      conversion or exchange or buy-back under any security or other
      instrument.

     

    2.3  Authorization.
      The
      Company has all requisite corporate power and authority to enter into, execute,
      deliver, and perform its obligations under this Agreement. This Agreement has
      been duly and validly executed and delivered by the Company and is the valid
      and
      binding legal obligation of the Company enforceable against the Company in
      accordance with its terms, subject to bankruptcy, moratorium, principles of
      equity and other limitations limiting the rights of creditors generally. The
      execution and delivery of this Agreement and the related documents and the
      consummation of the transactions contemplated hereby and thereby have been
      duly
      authorized by the Board of Directors of the Company, and no other corporate
      or
      shareholder proceedings on the part of the Company are necessary to authorize
      the transactions contemplated hereby and thereby.

     

    2.4  Non-Contravention.
      Except
      as set forth in the Company Disclosure Schedule, neither the execution, delivery
      and performance of this Agreement, nor the consummation of the transactions
      contemplated herein will:

     

    (a)  violate,
      contravene or be in conflict with any provision of the Articles of Association
      or Memorandum of Association of the Company or the charter documents of its
      subsidiaries;

     

    (b)  be
      in
      conflict with, or constitute a default, however defined (or an event which,
      with
      the giving of due notice or lapse of time, or both, would constitute such a
      default), under, or cause or permit the acceleration of the maturity of, or
      give
      rise to any right of termination, cancellation, imposition of fees or penalties
      under any debt, note, bond, lease, mortgage, indenture, license, obligation,
      contract, commitment, franchise, permit, instrument or other agreement or
      obligation to which the Company or any subsidiary is a party or by which the
      Company, any subsidiary, or any of the Company’s or any subsidiary’s properties
      or assets is or may be bound;

     

    (c)  result
      in
      the creation or imposition of any pledge, lien, security interest, restriction,
      option, claim or charge of any kind whatsoever (“Encumbrances”)
      upon
      any property or assets of the Company or any subsidiary under any debt,
      obligation, contract, agreement or commitment to which the Company or any
      subsidiary is a party or by which the Company, any subsidiary, or any of the
      Company’s or any subsidiary’s assets or properties are bound; or

     

    
      
         

      

      
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    (d)  materially
      violate any statute, treaty, law, judgment, writ, injunction, decision, decree,
      order, regulation, ordinance or other similar authoritative matters (referred
      to
      herein individually as a “Law”
and
      collectively as “Laws”)
      of any
      foreign, federal, provincial, state or local governmental or quasi-governmental,
      administrative, regulatory or judicial court, department, commission, agency,
      board, bureau, instrumentality or other authority (referred to herein
      individually as an “Authority”
and
      collectively as “Authorities”).

     

    2.5  Consents
      and Approvals.
      Except
      as set forth in the Company Disclosure Schedule or those received or to be
      received by the Company or its subsidiaries prior to the Closing, with respect
      to the Company and/or its subsidiaries, no consent, approval, order or
      authorization of or from, or registration, notification, declaration or filing
      with (“Consent”)
      any
      individual or entity, including without limitation any Authority, is required
      in
      connection with the execution, delivery or performance of this Agreement by
      the
      Company or the consummation by the Company of the transactions contemplated
      herein.

     

    2.6  No
      Brokers or Finders.
      Except
      as set forth in the Disclosure Schedule, no broker, finder or investment banker
      is entitled to any brokerage, finder’s or other fee or commission in connection
      with any of the transactions contemplated by this Agreement based upon
      arrangements made by or on behalf of the Company.

     

    2.7  Compliance.
      The
      Company and its subsidiaries have complied with and are not in violation of
      any
      Law or requirements of any Authority with respect to the conduct of their
      business, or the ownership or operation of their business, except for failures
      to comply or violations which, individually or in the aggregate, have not had
      and are not reasonably likely to have a Material Adverse Effect on the Company
      and its subsidiaries taken as a whole. To the knowledge of the Company and
      its
      subsidiaries, the businesses and activities of the Company have not been and
      are
      not being conducted in violation of any Law or requirements of any Authority.
      The Company and its subsidiaries are not in default or violation of any term,
      condition or provision of any applicable Charter Documents or Contracts. Except
      as set forth in the Company Disclosure Schedule, no written notice of
      non-compliance with any Law or Authority relating to or with respect to the
      business of the Company or its subsidiaries has been received by the Company
      or
      its subsidiaries (and the Company has no knowledge of any such or notice
      delivered to any other person or entity). To the knowledge of the Company,
      the
      Company and its subsidiaries are not in violation of any material term of any
      contract or covenant relating to employment, patents, proprietary information
      disclosure, non-competition or non-solicitation.

     

    2.8  Financial
      Statements.

     

    (a)  The
      Company has provided to Mill Basin a correct and complete copy of the audited
      financial statements (including, in each case, any related notes thereto),
      on a
      consolidated basis, for the fiscal years ended December 31, 2005 and 2006,
      prepared in accordance with the published rules and regulations of any
      applicable governmental entity and with generally accepted accounting principles
      of the United States (“U.S.
      GAAP”)
      applied on a consistent basis throughout the periods involved (except as may
      be
      indicated in the notes thereto) and audited in accordance with the auditing
      standards of the Public Company Accounting Oversight Board (“PCAOB”)
      by an
      independent accountant registered with PCAOB. Such financial statements fairly
      present in all material respects the financial position of the Company, on
      a
      consolidated basis, at the respective dates thereof and the results of its
      operations and cash flows for the periods indicated.
      The
      audited financial statements described in Section 2.8(a)
      are
      collectively referred to herein as the “U.S.
      GAAP Financial Statements”.

     

    
      
         

      

      
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    2.9  No
      Undisclosed Liabilities.
      Except
      as set forth in the Company Disclosure Schedule, the Company has no liabilities
      individually in excess of $50,000 and in the aggregate in excess of $100,000
      (absolute, accrued, contingent or otherwise) of a nature required to be
      disclosed on a balance sheet or in the related notes to the consolidated
      financial statements prepared in accordance with U.S. GAAP which are,
      individually or in the aggregate, material to the business, results of
      operations or financial condition of the Company, except: (i) liabilities
      provided for in or otherwise disclosed in the consolidated balance sheets of
      the
      Company as of December 31, 2006, prepared in accordance with U.S. GAAP, which
      have been delivered to Mill Basin, and (ii) such liabilities arising in the
      ordinary course of business of the Company since December 31, 2006, none of
      which would have a Material Adverse Effect on the Company.

     

    2.10  Absence
      of Certain Changes or Events.
      Except
      as set forth in the Company Disclosure Schedule or in the unaudited financial
      statements provided pursuant to Section 2.8(a)
      hereto,
      and except for the transactions contemplated under this Agreement, since
      December 31, 2006 there has not been, with respect to the Company and its
      subsidiaries: (i) any Material Adverse Effect, (ii) any declaration, setting
      aside or payment of any dividend on, or other distribution (whether in cash,
      securities or property) in respect of, any of equity securities, or any
      purchase, redemption or other acquisition of any of equity securities or any
      options, warrants, calls or rights to acquire any equity securities or other
      securities, (iii) any split, combination or reclassification of any equity
      securities, (iv) any granting of any increase in compensation or fringe
      benefits, except for normal increases of cash compensation in the ordinary
      course of business consistent with past practice, or any payment of any bonus,
      except for bonuses made in the ordinary course of business consistent with
      past
      practice, or any granting of any increase in severance or termination pay or
      any
      entry into any currently effective employment, severance, termination or
      indemnification agreement or any agreement the benefits of which are contingent
      or the terms of which are materially altered upon the occurrence of a
      transaction of the nature contemplated hereby, (v) entry into any licensing
      or
      other agreement with regard to the acquisition or disposition of any
      intellectual property other than licenses in the ordinary course of business
      consistent with past practice or any amendment or consent with respect to any
      licensing agreement filed or required to be filed with respect to any
      governmental entity or Authority, (vi) any material change in its accounting
      methods, principles or practices, (vii) any change in the auditing firm of
      the
      Company, (vii) any issuance of securities, or (viii) any revaluation of any
      of
      their respective assets, including, without limitation, writing down the value
      of capitalized inventory or writing off notes or accounts receivable or any
      sale
      of assets other than in the ordinary course of business.

     

    2.11  Litigation.
      Except
      as se forth in the Company Disclosure Schedule, there are no claims, suits,
      actions or proceedings pending, or to the knowledge of the Company, threatened
      against the Company and its subsidiaries, before any court, governmental
      department, commission, agency, instrumentality or authority, or any arbitrator
      that seeks to restrain or enjoin the consummation of the transactions
      contemplated by this Agreement or which could reasonably be expected, either
      individually or in the aggregate with all such claims, actions or proceedings,
      to have a Material Adverse Effect on the Company or have a Material Adverse
      Effect on the ability of the parties hereto to consummate the
      Transaction.

     

    
      
         

      

      
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    2.12  Employee
      Benefit Plans.

     

    (a)  All
      employee compensation, incentive, fringe or benefit plans, programs, policies,
      commitments or other arrangements (whether or not set forth in a written
      document) covering any active or former employee, director or consultant of
      the
      Company and its subsidiaries, or any trade or business (whether or not
      incorporated) which is under common control with the Company and its
      subsidiaries, with respect to which the Company or any of its subsidiaries
      has
      liability (collectively, the “Plans”)
      has
      been maintained and administered in all material respects in compliance with
      its
      terms and with the requirements prescribed by any and all statutes, orders,
      rules and regulations which are applicable to such Plans, and all liabilities
      with respect to the Plans have been properly reflected in the consolidated
      financial statements of the Company. No suit, action or other litigation
      (excluding claims for benefits incurred in the ordinary course of Plan
      activities) has been brought or is continuing, or to the knowledge of the
      Company is threatened, against or with respect to any such Plan. To the
      knowledge of the Company, there are no audits, inquiries or proceedings pending
      or, threatened by any governmental agency with respect to any Plans. All
      contributions, reserves or premium payments required to be made or accrued
      as of
      the date hereof to the Plans have been timely made or accrued. To the knowledge
      of the Company, any Plan referenced herein can be amended, terminated or
      otherwise discontinued after the Closing in accordance with its terms, subject
      to applicable laws, without liability to Mill Basin or the Company (other than
      ordinary administration expenses and expenses for benefits accrued but not
      yet
      paid).

     

    (b)  Neither
      the execution and delivery of this Agreement nor the consummation of the
      transactions contemplated hereby will (i) result in any payment (including
      severance, unemployment compensation, golden parachute, bonus or otherwise)
      becoming due to any stockholder, officer, director or employee of the Company
      and its subsidiaries under any Plan or otherwise, (ii) materially increase
      any
      benefits otherwise payable under any Plan, or (iii) result in the acceleration
      of the time of payment or vesting of any such benefits.

     

    2.13  Restrictions
      on Business Activities.
      There
      is no agreement, commitment, judgment, injunction, order or decree binding
      upon
      the Company or to which the Company or any of its subsidiaries is a party which
      has or could reasonably be expected to have the effect of prohibiting or
      materially impairing any business practice of the Company, any acquisition
      of
      property by the Company or the conduct of business by the Company as currently
      conducted other than such effects, individually or in the aggregate, which
      have
      not had and could not reasonably be expected to have a Material Adverse Effect
      on the Company.

     

    2.14  Title
      to Property.

     

    (a)  All
      real
      estate or land use rights owned by the Company and its subsidiaries (including
      land use rights, improvements and fixtures thereon, easements and rights of
      way)
      (the “Real
      Property”)
      is
      shown or reflected on the U.S. GAAP Financial Statements. The Company and its
      subsidiaries have obtained all governmental approval and permits necessary
      for
      the rights to own and to use such Real Property.

     

    
      
         

      

      
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    (b)  All
      leases of real property held by the Company and all personal property and other
      property and assets of the Company and its subsidiaries (other than Real
      Property) owned, used or held for use in connection with the business of the
      Company (the “Personal
      Property”)
      are
      shown or reflected on the U.S. GAAP Financial Statements. The Company owns
      and
      has good and marketable title to the Personal Property, and all such assets
      and
      properties are in each case held free and clear of all Liens, except for liens
      disclosed in the U.S. GAAP Financial Statements or in the Company Disclosure
      Schedule, none of which Liens has or will have, individually or in the
      aggregate, a Material Adverse Effect on such property or on the present or
      contemplated use of such property in the businesses of the Company.

     

    (c)  All
      leases pursuant to which the Company leases from others material real or
      personal property are valid and effective in accordance with their respective
      terms, and there is not, under any of such leases, any existing material default
      or event of default of the Company or, to the knowledge of the Company, any
      other party (or any event which with notice or lapse of time, or both, would
      constitute a material default), except where the lack of such validity and
      effectiveness or the existence of such default or event of default could not
      reasonably be expected to have a Material Adverse Effect on the
      Company.

     

    2.15  Governmental
      Actions/Filings; Approvals.
      Except
      as set forth in the Company Disclosure Schedule, the Company and its
      subsidiaries hold, and/or have made, all Governmental Actions/Filings and
      Approvals reasonably necessary for the conduct by the Company and its
      subsidiaries of their business (as presently conducted and to be conducted
      following the Closing), except with respect to any Governmental Actions/Filings
      and Approvals the failure of which to hold or make would not reasonably be
      likely to have a Material Adverse Effect on the Company. For purposes of this
      Agreement, the term “Governmental
      Action/Filing”
shall
      mean any franchise, license, certificate of compliance, authorization, consent,
      order, permit, approval, consent or other action of, or any filing, registration
      or qualification with, any federal, state, municipal, foreign or other
      governmental, administrative or judicial body, agency or authority.

     

    2.16  Taxes.

     

    (a)  For
      purposes of this Agreement, “Tax”
      or
“Taxes”
      refers
      to any and all applicable central, federal, provincial, state, local, municipal
      and foreign taxes, together with all interest, penalties and additions imposed
      with respect to any such amounts and any obligations under any agreements or
      arrangements with any other person with respect to any such
      amounts.

     

    (b)  To
      the
      knowledge of the Company:

     

    (i)  The
      Company and its subsidiaries have timely filed all the returns, estimates,
      information statements and reports relating to Taxes required to be filed with
      any Tax Authority prior to the date hereof. All such filings are true, correct
      and complete in all material respects. The Company and its subsidiaries have
      paid all Taxes shown to be due on such filings.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    (ii)  All
      Taxes
      that the Company and its subsidiaries are required by law to withhold or collect
      have been duly withheld or collected, and have been timely paid over to the
      proper Authority to the extent due and payable.

     

    (iii)  No
      audit
      or other examination of any Tax return filed by the Company or any subsidiaries
      by any Tax Authority is presently in progress, nor has the Company or any of
      its
      subsidiaries been notified of any request for such an audit or other
      examination.

     

    (iv)  The
      Company and its subsidiaries have no liability for any unpaid Taxes which have
      not been accrued for or reserved on the Company’s balance sheets included in the
      U.S. GAAP Financial Statements for the most recent fiscal year, other than
      any
      liability for unpaid Taxes that may have accrued since the end of the most
      recent fiscal year in connection with operation of the Company’s
      business.

     

    2.17  Absence
      of Certain Company Control Person Actions or Events.
      To the
      Company’s knowledge, none of the following has occurred during the past five (5)
      years with respect to a Company Control Person:

     

    (a)  A
      petition under the federal bankruptcy laws or any state insolvency law was
      filed
      by or against, or a receiver, fiscal agent or similar officer was appointed
      by a
      court for the business or property of such Company Control Person, or any
      partnership in which he was a general partner at or within two years before
      the
      time of such filing, or any corporation or business association of which he
      was
      an executive officer at or within two years before the time of such
      filing;

     

    (b)  Such
      Company Control Person was convicted in a criminal proceeding or is a named
      subject of a pending criminal proceeding (excluding traffic violations and
      other
      minor offenses);

     

    (c)  Such
      Company Control Person was the subject of any order, judgment or decree, not
      subsequently reversed, suspended or vacated, of any court of competent
      jurisdiction, permanently or temporarily enjoining him from, or otherwise
      limiting, the following activities:

     

    (i)  acting,
      as an investment advisor, underwriter, broker or dealer in securities, or as
      an
      affiliated person, director or employee of any investment company, bank, savings
      and loan association or insurance company, as a futures commission merchant,
      introducing broker, commodity trading advisor, commodity pool operator, floor
      broker, any other Person regulated by the Commodity Futures Trading Commission
      (“CFTC”) or engaging in or continuing any conduct or practice in connection with
      such activity;

     

    (ii)  engaging
      in any type of business practice; or

     

    (iii)  engaging
      in any activity in connection with the purchase or sale of any security or
      commodity or in connection with any violation of federal or state securities
      laws or federal commodities laws;

     

    
      
         

      

      
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    (d)  Such
      Company Control Person was the subject of any order, judgment or decree, not
      subsequently reversed, suspended or vacated, of any federal or state authority
      barring, suspending or otherwise limiting for more than 60 days the right of
      such Company Control Person to engage in any activity described in paragraph
      (3)
      of this item, or to be associated with Persons engaged in any such activity;
      or

     

    (e)  Such
      Company Control Person was found by a court of competent jurisdiction in a
      civil
      action or by the CFTC or SEC to have violated any federal or state securities
      law, and the judgment in such civil action or finding by the CFTC or SEC has
      not
      been subsequently reversed, suspended, or vacated.

     

    ARTICLE
      3

    Separate
      Representations and Warranties of the Company Shareholders

     

    Each
      Company Shareholder, severally and jointly, represents, warrants and covenants
      to and with Mill Basin with respect to such shareholder that the statements
      contained in this Article
      3
      are true
      and correct.

     

    3.1  Power
      and Authority.
      The
      Company Shareholder has all requisite power and authority to enter into and
      to
      carry out all of the terms of this Agreement and all other documents executed
      and delivered by such shareholder in connection herewith (collectively, the
      “Transaction
      Documents”).
      All
      action on the part of the Company Shareholder necessary for the authorization,
      execution, delivery and performance of the Transaction Documents by the Company
      Shareholder has been taken and no further authorization on the part of the
      Company Shareholder is required to consummate the transactions provided for
      in
      the Transaction Documents. When executed and delivered by the Company
      Shareholder, the Transaction Documents shall constitute the valid and legally
      binding obligation of the Company Shareholder enforceable in accordance with
      their respective terms, subject to bankruptcy, moratorium, principles of equity,
      and other limitations limiting the rights of creditors generally.

     

    3.2  Ownership
      of and Title to Securities.
      The
      Company Shareholder Disclosure Schedule accurately and completely sets forth
      all
      of the Company Shares owned by such Company Shareholder as of the date hereof.
      The Company Shareholder has good and marketable title to the Company Shares
      which such shareholder owns, free and clear of all pledges, security interests,
      mortgages, liens, claims, charges, restrictions or encumbrances, except for
      any
      restrictions imposed by federal or state securities laws.

     

    3.3  Investment
      and Related Representations.

     

    (a)  Securities
      Laws Compliance.
      The
      Company Shareholder is aware that the offer or sale of the shares of Mill Basin
      Stock to the Company Shareholder has not been registered under the Securities
      Act, or under any state securities law. The Company Shareholder understands
      that
      the shares of Mill Basin Stock will be characterized as “restricted securities”
under US federal securities laws and that under such laws and applicable
      regulations such securities may be resold without registration under the
      Securities Act only in certain limited circumstances. The Company Shareholder
      agrees that the Company Shareholder will not sell all or any portion of the
      shares of Mill Basin Stock except pursuant to registration under the Securities
      Act or pursuant to an available exemption from registration under the Securities
      Act. The Company Shareholder understands that each certificate for the shares
      of
      Mill Basin Stock issued to the Company Shareholder or to any subsequent
      transferee shall be stamped or otherwise imprinted with the legend set forth
      below summarizing the restrictions described in this Section 3.3
      and that
      Mill Basin shall refuse to transfer the Mill Basin Stock except in accordance
      with such restrictions:

     

    
      
         

      

      
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    THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933 (THE “SECURITIES
      ACT”). THE SHARES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD,
      TRANSFERRED, ASSIGNED OR OTHERWISE DISPOSED
      OF IN
      THE ABSENCE OF A CURRENT AND EFFECTIVE REGISTRATION STATEMENT UNDER THE
      SECURITIES ACT WITH RESPECT TO SUCH SHARES, OR AN OPINION OF THE ISSUER’S
      COUNSEL TO THE EFFECT THAT REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES
      ACT.

     

    (b)  Investment
      Representation.
      This
      Agreement is made with the Company Shareholder in reliance upon the Company
      Shareholder’s representation, that the shares of Mill Basin Stock to be received
      by the Company Shareholder are being acquired pursuant to this Agreement for
      investment and not with a view to the public resale or distribution thereof,
      except pursuant to an effective registration statement or exemption under the
      Securities Act.

     

    (c)  No
      Public Solicitation.
      The
      Company Shareholder is acquiring the shares of Mill Basin Stock after private
      negotiation and has not been attracted to the acquisition of the shares of
      Mill
      Basin Stock by any press release, advertising or publication.

     

    (d)  Access
      to Information.
      The
      Company Shareholder acknowledges having received and reviewed the reports filed
      by Mill Basin with the Securities and Exchange Commission (“SEC”)
      (collectively, the “SEC
      Reports”)
      and
      acknowledges that any information contained therein is deemed disclosed by
      Mill
      Basin for purposes of the Mill Basin Disclosure Schedule as well as any other
      disclosures required hereunder.

     

    (e)  Investor
      Solicitation and Ability to Bear Risk to Loss.
      The
      Company Shareholder, if a corporation or a partnership, has not been organized
      for the purpose of acquiring the Mill Basin Stock. The Company Shareholder
      acknowledges that it is able to protect its interests in connection with the
      acquisition of the Mill Basin Stock and can bear the economic risk of investment
      in such securities without producing a material adverse change in the Company
      Shareholder’s financial condition. The Company Shareholder otherwise has such
      knowledge and experience in financial or business matters that the Company
      Shareholder is capable of evaluating the merits and risks of the investment
      in
      the Mill Basin Stock.

     

    (f)  Investor
      Status.
      The
      Company Shareholder either (i) is an “accredited investor” as that term is
      defined in Regulation D promulgated under the Securities Act, or (ii) is not
      a
      U.S. Person (as defined in Regulation S promulgated under the Securities Act),
      is not an affiliate of Mill Basin, and at the time of the origination of contact
      concerning this share exchange and at the date of execution and delivery of
      this
      Agreement was not within the United States, its territories and
      possessions.

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    ARTICLE
      4

    Representations
      and Warranties of Mill Basin and the Mill Basin Guarantors

     

    Mill
      Basin represents and warrants, and the Mill Basin Guarantors represent and
      warrant, to the Company and the Company Shareholders, that the statements
      contained in the Article
      4
      are true
      and correct, except as disclosed in the disclosure schedule attached hereto
      as
Exhibit
      4
      (the
“Mill
      Basin Disclosure Schedule”),
      which
      divided into sections that correspond to the sections of this Article
      4
      (with
      the disclosures in any such section of the Mill Basin Disclosure Schedule
      qualifying both the corresponding representations and warranties of this
Article
      4
      and any
      other representations and warranties of this Article
      4
      to which
      such disclosure would reasonably relate). For purposes of this Article
      4,
      any
      statement or facts contained in the SEC Reports are deemed to be included in
      the
      Mill Basin Disclosure Schedule and all such information is deemed to be fully
      disclosed to the Company and the Company Shareholders.

     

    4.1  Corporate
      Organization, Standing and Power.
      Mill
      Basin is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Nevada. Mill Basin has all corporate power and
      authority to own its properties and to carry on its business as now being
      conducted and is duly qualified to do business and is in good standing in each
      jurisdiction in which it is required to be duly qualified and in good standing.
      Mill Basin does not own or control any capital stock of any corporation or
      any
      interest in any partnership, joint venture or other entity.

     

    4.2  Authorization.
      Mill
      Basin has all the requisite corporate power and authority to enter into this
      Agreement and to carry out the transactions contemplated herein. The Board
      of
      Directors of Mill Basin has taken all action required by law, its articles
      of
      incorporation and bylaws or otherwise to authorize the execution, delivery
      and
      performance of this Agreement and the consummation of the transactions
      contemplated herein. This Agreement is the valid and binding legal obligation
      of
      Mill Basin enforceable against Mill Basin in accordance with its terms, except
      as such enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization or similar laws that affect creditors’ rights
      generally.

     

    4.3  Capitalization.
      The
      Mill Basin Disclosure Schedule accurately reflects as of the date hereof and
      the
      Closing Date (i) the authorized capital stock of Mill Basin, (ii) the total
      number of outstanding shares of Mill Basin Common Stock and Mill Basin Preferred
      Stock (“Mill
      Basin Outstanding Shares”),
      (iii) all subscriptions, options, warrants, calls, rights, contracts,
      agreements, commitments, understandings or arrangements to which Mill Basin
      is a
      party, or by which it is bound, with respect to the issuance, sale, delivery
      or
      transfer of the capital securities of Mill Basin, including any right of
      conversion or exchange under any security or other instrument, and (iv) the
      list
      of stockholders who own in excess of 5% of the Mill Basin Outstanding Shares
      with their holdings. At the Closing, the Mill Basin Preferred Stock will have
      the rights, preferences, privileges and restrictions set forth in the
      Certificate of Designation attached hereto as Exhibit
      4.3.
      All
      Mill Basin Outstanding Shares are duly authorized, validly issued, fully paid
      and nonassessable and are without, and were not issued in violation of, any
      preemptive rights. Immediately prior to the Closing, Mill Basin will have
      450,000 shares of Common Stock outstanding and no subscriptions, options,
      warrants, calls, rights, contracts, agreements, commitments, understandings
      or
      arrangements to which Mill Basin is a party, or by which it is bound, with
      respect to the issuance, sale, delivery or transfer of the capital securities
      of
      Mill Basin, including any right of conversion or exchange under any security
      or
      other instrument.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    4.4  Non-Contravention.
      Neither
      the execution, delivery and performance of this Agreement nor the consummation
      of the transactions contemplated herein will:

     

    (a)  violate
      any provision of the Articles of Incorporation or Bylaws, as amended, of Mill
      Basin;

     

    (b)  be
      in
      conflict with, or constitute a default, however defined (or an event which,
      with
      the giving of due notice or lapse of time, or both, would constitute such a
      default), under, or cause or permit the acceleration of the maturity of, or
      give
      rise to, any right of termination, cancellation, imposition of fees or penalties
      under, any debt, note, bond, lease, mortgage, indenture, license, obligation,
      contract, commitment, franchise, permit, instrument or other agreement or
      obligation to which Mill Basin is a party or by which Mill Basin or any of
      their
      respective properties or assets is or may be bound;

     

    (c)  result
      in
      the creation or imposition of any encumbrance upon any property or assets of
      Mill Basin under any debt, obligation, contract, agreement or commitment to
      which Mill Basin is a party or by which Mill Basin or any of its respective
      assets or properties is or may be bound; or

     

    (d)  violate
      any Law of any Authority.

     

    4.5  Consents
      and Approvals.
      No
      consent is required by any person or entity, including without limitation any
      Authority, in connection with the execution, delivery and performance by Mill
      Basin of this Agreement, or the consummation of the transactions contemplated
      herein.

     

    4.6  Valid
      Issuance.
      The
      Mill Basin Stock to be issued in connection with this Agreement has been duly
      authorized and, when issued, delivered and paid for as provided in this
      Agreement, will be validly issued, fully paid and non-assessable. The Board
      of
      Directors of Mill Basin has determined that the consideration for such shares
      is
      adequate.

     

    4.7  SEC
      Filings; Financial Statements.
      All
      statements, reports, schedules, forms and other documents required to have
      been
      filed by Mill Basin with the SEC have been so filed and on a timely basis.
      As of
      the time it was filed with the SEC (or, if amended or superseded by a filing
      prior to the date of this Agreement, then on the date of such filing): (i)
      each
      of the SEC Reports complied in all material respects with the applicable
      requirements of the Securities Act or the Securities Exchange Act of 1934,
      as
      amended (the “Exchange
      Act”);
      and
      (ii) none of the SEC Reports contained any untrue statement of a material fact
      or omitted to state a material fact required to be stated therein or necessary
      in order to make the statements therein, in the light of the circumstances
      under
      which they were made, not misleading. Mill Basin does not have a class of
      securities registered under the Exchange Act, and its obligations under
      Section 15 of the Exchange Act expired on April 20, 2006 .

     

    4.8  Assets
      and Liabilities.
      The
      Disclosure Schedule sets for as of the date hereof and as of the Closing all
      assets and liabilities of Mill Basin as of those dates. For purposes of this
      representation, the term “liabilities” is construed broadly and means
      liabilities of whatever type to which Mill Basin is subject, whether currently
      existing, absolute, contingent, or to which Mill Basin may become subject at
      some point in the future, whether through lapse of time, the giving of notice,
      the occurrence or non-occurrence of an event or events, or otherwise, based
      at
      least in part on events, actions, or inaction occurring before Closing.
      Notwithstanding the forgoing, any liabilities which individually are less than
      $10,000 or in the aggregate are less than $50,000 are excluded. For purposes
      of
      this representation, the term “liabilities” includes, but is not limited to
      liabilities based on contract, tort, violation of laws, benefit plans, and
      contracts and other agreements. For the sake of clarity, it is the intention
      of
      the parties that Mill Basin have no assets or liabilities at the time of closing
      except for the liabilities listed in the Disclosure Schedule. If Mill Basin
      is,
      or may become in the future, subject to any liabilities based principally on
      events, actions, or inaction of Mill Basin occurring before Closing which
      individually exceeds $10,000 or $50,000 in the aggregate, this representation
      will be breached. 

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    4.9  Books
      and Records.
      The
      books of account, minute books, stock record books, and other material records
      of Mill Basin, all of which have been made available to the Company, are
      complete and correct in all material respects and have been maintained in
      accordance with reasonable business practices. The minute books of Mill Basin
      contain accurate and complete records of all formal meetings held, and corporate
      action taken by, the members, shareholders, the managers and committees of
      the
      managers of Mill Basin. At the Closing, all of those books and records will
      be
      in the possession of Mill Basin.

     

    4.10  No
      Broker or Finder.
      No
      broker, finder or investment banker is entitled to any brokerage, finder’s or
      other fee or commission in connection with any of the transactions contemplated
      by this Agreement based upon arrangements made by or on behalf of Mill
      Basin.

     

    4.11  Intercompany
      And Affiliate Transactions; Insider Interests.
      Except
      as expressly identified in the Mill Basin Disclosure Schedule, there are, and
      since the change of control on September 1, 2006 there have been, no
      transactions, agreements or arrangements of any kind, direct or indirect,
      between Mill Basin, on the one hand, and any director, officer, employee,
      stockholder, or affiliate of Mill Basin, on the other hand, including, without
      limitation, loans, guarantees or pledges to, by or for Mill Basin or from,
      to,
      by or for any of such persons, that are currently in effect.

     

    4.12  Amendment
      to the Articles of Incorporation.
      The
      board of directors and shareholders of Mill Basin have recommended and approved
      amendments to the Articles of Incorporation (a) changing the name to Huiheng
      Medical, Inc. and has delivered articles of amendment with respect thereto
      to
      the Company for filing with the Nevada Secretary of State.

     

    4.13  Market
      Quotation.
      The
      Mill Basin Common Stock is quoted on the NASD Over-The-Counter Electronic
      Bulletin Board (“OTC
      BB”),
      although no trading therein has occurred to date. There is no action or
      proceeding pending or, to Mill Basin’s knowledge, threatened against Mill Basin
      by NASDAQ or NASD, Inc. with respect to any intention by such entities to
      prohibit or terminate the quotation of Mill Basin Common Stock on the OTC
      BB.

     

    
      
         

      

      
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    ARTICLE
      5

    Separate
      Representations and Warranties of the Mill Basin
      Guarantors

     

    The
      Mill
      Basin Guarantors represent, warrant and covenant to and with the Company and
      the
      Company Shareholders as follows:

     

    5.1  Power
      and Authority.
      Each
      Mill Basin Guarantor has all requisite power and authority to enter into and
      to
      carry out all of the terms of this Agreement and all other documents executed
      and delivered in connection herewith (collectively, the “Documents”).
      All
      action on the part of the Mill Basin Guarantor necessary for the authorization,
      execution, delivery and performance of the Documents by the Mill Basin Guarantor
      has been taken and no further authorization on the part of the Mill Basin
      Guarantor is required to consummate the transactions provided for in the
      Documents. When executed and delivered by the Mill Basin Guarantor, the
      Documents shall constitute the valid and legally binding obligation of the
      Mill
      Basin Guarantor enforceable in accordance with their respective
      terms.

     

    5.2  Ownership
      of and Title to Securities.
      The
      Mill Basin Disclosure Schedule accurately and completely sets forth all of
      the
      Mill Basin Shares owned by each Mill Basin Guarantor as of the date hereof.
      Each
      Mill Basin Guarantor has good and marketable title to the Mill Basin Shares
      which he owns, free and clear of all pledges, security interests, mortgages,
      liens, claims, charges, restrictions or encumbrances, except for any
      restrictions imposed by federal or state securities laws.

     

    ARTICLE
      6

    Covenants
      of the Parties

     

    6.1  Full
      Access.
      Through
      the period prior to the Closing, each party will afford to the other and its
      directors, officers, employees, counsel, accountants, investment advisors and
      other authorized representatives and agents, reasonable access to the
      facilities, properties, books and records of the party in order that the other
      may have full opportunity to make such investigations as it will desire to
      make
      of the affairs of the disclosing party. Each party will furnish such additional
      financial and operating data and other information as the other will, from
      time
      to time, reasonably request, including without limitation access to the working
      papers of its independent certified public accountants; provided, however,
      that
      any such investigation will not affect or otherwise diminish or obviate in
      any
      respect any of the representations and warranties of the disclosing
      party.

     

    6.2  Confidentiality.
      Each of
      the parties hereto agrees that it will not use, or permit the use of, any of
      the
      information relating to any other party hereto furnished to it in connection
      with the transactions contemplated herein (“Information”)in
      a
      manner or for a purpose detrimental to such other party or otherwise than in
      connection with the transaction, and that they will not disclose, divulge,
      provide or make accessible, or permit the disclosure of, any of the Information
      to any person or entity, other than their respective directors, officers,
      employees, investment advisors, accountants, counsel and other authorized
      representatives and agents, except as may be required by judicial or
      administrative process or, in the opinion of such party’s counsel, by other
      requirements of Law; provided, however, that prior to any disclosure of any
      Information permitted hereunder, the disclosing party will first seek to obtain
      the recipients’ undertaking to comply with the provisions of this Section with
      respect to such information. The term “Information”
as
      used
      herein will not include any information relating to a party that the party
      disclosing such information can show: (i) to have been in its possession prior
      to its receipt from another party hereto without breach of any other
      confidentiality agreement; (ii) to be generally available to the public through
      no fault of the disclosing party; (iii) to have been available to the public
      at
      the time of its receipt by the disclosing party without breach of any
      confidentiality agreement; (iv) to have been received separately by the
      disclosing party in an unrestricted manner from a person entitled to disclose
      such information; or (v) to have been developed independently by the disclosing
      party without regard to any information received in connection with this
      transaction. Each party hereto also agrees to promptly return to the party
      from
      whom it originally received such information all original and duplicate copies
      of written materials containing Information should the transactions contemplated
      herein not occur. A party hereto will be deemed to have satisfied its
      obligations to hold the Information confidential if it exercises the same care
      as it takes with respect to its own similar information.

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

     

    6.3  Further
      Assurances; Cooperation; Notification.

     

    (a)  Each
      party hereto will, before, at and after Closing, execute and deliver such
      instruments and take such other actions as the other party or parties, as the
      case may be, may reasonably require in order to carry out the intent of this
      Agreement. Without limiting the generality of the foregoing, at any time after
      the Closing, at the reasonable request of Mill Basin and without further
      consideration, the Company will execute and deliver such instruments of sale,
      transfer, conveyance, assignment and confirmation and take such action as Mill
      Basin may reasonably deem necessary or desirable in order to more effectively
      consummate the transactions contemplated hereby.

     

    (b)  At
      all
      times from the date hereof until the Closing, each party will promptly notify
      the other in writing of the occurrence of any event which it reasonably believes
      will or may result in a failure by such party to satisfy the covenants specified
      in this Article
      6.

     

    6.4  Satisfaction
      of Conditions Precedent.
      Each
      party will use commercially reasonable efforts to satisfy or cause to be
      satisfied all the conditions precedent that are applicable to them, and to
      cause
      the transactions contemplated by this Agreement to be consummated, and, without
      limiting the generality of the foregoing, to obtain all material consents and
      authorizations of third parties and to make filings with, and give all notices
      to, third parties that may be necessary or reasonably required on its part
      in
      order to effect the transactions contemplated hereby.

     

    6.5  Resignation
      of Officers And Directors.
      At the
      Closing, the officers and directors of Mill Basin in office immediately before
      the Closing shall submit their written resignations from such offices effective
      as of the Closing. Prior to their resignations, such directors of Mill Basin
      shall appoint to the board of directors of Mill Basin the following persons:
      Hui
      Xiaobing, Li Bo and Zhang Li.

     

    6.6  Listing.
      Following the Closing, Mill Basin will, if eligible , apply to have its Common
      Stock listed on the Nasdaq Stock Market.

     

    
      
         

      

      
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    6.7  Stock
      Option Plan.
      Following the Closing, Mill Basin shall take the actions required to adopt
      a
      stock option plan with a total of 1,566,666 shares reserved for issuance. The
      stock option plan will require that stock options vest over a period of not
      less
      than three years.

     

    6.8  Registration
      Rights.

     

    (a)  Filing
      by the Company.
      Mill
      Basin shall prepare and file with the SEC by 90 days following the Closing
      (the
“Required
      Filing Date”),
      a
      Registration Statement registering for resale by the Mill Basin Guarantors
      a
      sufficient number of shares of Common Stock for the Mill Basin Guarantors to
      sell the Registrable Securities held by them. Unless otherwise specifically
      agreed to in writing in advance by the Mill Basin Guarantors, the Registration
      Statement shall state that, in accordance with Rule 416 and 457 under the
      Securities Act, it also covers such indeterminate number of additional shares
      of
      Common Stock as may become issuable to prevent dilution resulting from stock
      splits or stock dividends. Mill Basin will use its reasonable best efforts
      to
      respond to any SEC comments in a timely manner and to cause such Registration
      Statement to be declared effective as soon as practicable after notice from
      the
      SEC that the staff of the SEC has no further comments or that the Registration
      Statement will not be reviewed. In the event the Registration Statement is
      not
      filed by Mill Basin by the Required Filing Date, Mill Basin shall pay to each
      Mill Basin Guarantor a total of Ten Thousand Dollars ($10,000) as liquidated
      damages for such delay. Any such payment will be payable by Mill Basin, in
      cash
      or other immediately available funds to the Mill Basin Guarantor on the day
      after the Required Filing Date, without requiring demand therefor by the Mill
      Basin Guarantor. The parties acknowledge that the damages which may be incurred
      by the Mill Basin Guarantor if the Registration Statement is not filed by the
      Required Filing Date including if the right to sell Registrable Securities
      under
      a previously effective Registration Statement is suspended may be difficult
      to
      ascertain. Notwithstanding the foregoing, the amounts payable by Mill Basin
      pursuant to this provision shall not be payable to the extent any delay in
      the
      filing or effectiveness of the Registration Statement occurs because of an
      act
      of, or a failure to act or to act timely by the Mill Basin
      Guarantor.

     

    (b)  Obligations
      of Mill Basin.
      In
      connection with the registration of the Registrable Securities, Mill Basin
      shall
      do each of the following:

     

    (i)  Prepare
      promptly, and file with the SEC by the Required Filing Date, a Registration
      Statement with respect to not less than the number of Registrable Securities
      provided in Section (a) above, and thereafter use its reasonable best efforts
      to
      cause such Registration Statement relating to Registrable Securities to become
      effective and keep the Registration Statement effective at all times, other
      than
      during Permitted Suspension Periods, during the period (the “Registration
      Period”)
      continuing until the earlier of (i) the date when the Mill Basin Guarantors
      may
      sell all Registrable Securities under Rule 144 without volume or other
      restrictions or limits, or (ii) the date the Mill Basin Guarantors own less
      than
      a total of 100,000 shares of Mill Basin Common Stock, which Registration
      Statement (including any amendments or supplements thereto and prospectuses
      contained therein) shall not contain any untrue statement of a material fact
      or
      omit to state a material fact required to be stated therein or necessary to
      make
      the statements therein, in light of the circumstances in which they were made,
      not misleading;

     

    
      
         

      

      
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    (ii)  Prepare
      and file with the SEC such amendments (including post-effective amendments)
      and
      supplements to the Registration Statement and the prospectus used in connection
      with the Registration Statement as may be necessary to keep the Registration
      Statement effective at all times during the Registration Period (except during
      Permitted Suspension Periods), and, during the Registration Period, comply
      with
      any provisions of the Securities Act applicable to Mill Basin with respect
      to
      the disposition of all Registrable Securities covered by the Registration
      Statement until such time as all of such Registrable Securities have been
      disposed of in accordance with the intended methods of disposition by the Mill
      Basin Guarantors as set forth in the Registration Statement;

     

    (iii)  Notify
      the Mill Basin Guarantors immediately (and, in the case of (i)(A) below, not
      less than three business days prior to such filing) and (if requested by any
      such person) confirm such notice in writing no later than one business day
      following the day (i)(A) when, following the effectiveness of the Registration
      Statement, a Prospectus or any Prospectus supplement or post-effective amendment
      to the Registration Statement is proposed to be filed; and (B) with respect
      to
      the Registration Statement or any post-effective amendment, when the same has
      become effective; (ii) of any request by the SEC or any other Federal or state
      governmental authority for amendments or supplements to the Registration
      Statement or Prospectus or for additional information; (iii) of the issuance
      by
      the SEC of any stop order suspending the effectiveness of the Registration
      Statement covering any or all of the Registrable Securities or the initiation
      of
      any proceedings for that purpose; (iv) if at any time any of the representations
      or warranties of Mill Basin contained in any agreement contemplated hereby
      ceases to be true and correct in all material respects; (v) of the receipt
      by
      Mill Basin of any notification with respect to the suspension of the
      qualification or exemption from qualification of any of the Registrable
      Securities for sale in any jurisdiction, or the initiation or threatening of
      any
      proceeding for such purpose; and (vi) of the occurrence of any event that to
      the
      best knowledge of Mill Basin makes any statement made in the Registration
      Statement or Prospectus or any document incorporated or deemed to be
      incorporated therein by reference untrue in any material respect or that
      requires any revisions to the Registration Statement, Prospectus or other
      documents so that, in the case of the Registration Statement or the Prospectus,
      as the case may be, it will not contain any untrue statement of a material
      fact
      or omit to state any material fact required to be stated therein or necessary
      to
      make the statements therein, in light of the circumstances under which they
      were
      made, not misleading;

     

    (iv)  Furnish
      to the Mill Basin Guarantors and to Mill Basin Guarantors’ Counsel (i) promptly
      after the same is prepared and publicly distributed, filed with the SEC, or
      received by Mill Basin, one copy of the Registration Statement, each preliminary
      prospectus and prospectus, and each amendment or supplement thereto, and (ii)
      such number of copies of a prospectus, and all amendments and supplements
      thereto and such other documents, as the Mill Basin Guarantor may reasonably
      request in order to facilitate the disposition of the Registrable Securities
      owned by the Mill Basin Guarantor;

     

    (v)  As
      promptly as practicable after becoming aware thereof, notify the Mill Basin
      Guarantor of the happening of any event of which Mill Basin has knowledge,
      as a
      result of which the prospectus included in the Registration Statement, as then
      in effect, includes an untrue statement of a material fact or omits to state
      a
      material fact required to be stated therein or necessary to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading, and use its best efforts promptly to prepare a supplement or
      amendment to the Registration Statement or other appropriate filing with the
      SEC
      to correct such untrue statement or omission, and deliver a number of copies
      of
      such supplement or amendment to the Mill Basin Guarantors as the Mill Basin
      Guarantors may reasonably request; provided,
      however,
      that in
      the event of a Potential Material Event there shall be considered to exist
      a
      Permitted Suspension Period pursuant to which Mill Basin may delay the filing
      of
      the supplement or amendment otherwise required until the end of the applicable
      Permitted Suspension Period.

     

    
      
         

      

      
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    (vi)  Comply
      with Regulation FD or any similar rule or regulation regarding the dissemination
      of information regarding Mill Basin, and in furtherance of the foregoing, and
      not in limitation thereof, not disclose to the Mill Basin Guarantors any
      non-public material information regarding Mill Basin;

     

    (vii)  Use
      its
      reasonable best efforts to secure and maintain the designation of all the
      Registrable Securities covered by the Registration Statement on the Principal
      Trading Market and the quotation of the Registrable Securities on the Principal
      Trading Market;

     

    (viii)  Provide
      a
      transfer agent (“Transfer
      Agent”)
      and
      registrar, which may be a single entity, for the Registrable Securities not
      later than the initial Effective Date;

     

    (ix)  Cooperate
      with the Mill Basin Guarantors to facilitate the timely preparation and delivery
      of certificates for the Registrable Securities that have been sold pursuant
      to
      the Registration Statement and enable such certificates for the Registrable
      Securities to be in such denominations or amounts as the case may be, as the
      Mill Basin Guarantors may reasonably request.

     

    (c)  Expenses.
      All
      expenses incurred in connection with a registration pursuant to this
      Section 6.8
      including without limitation all registration and qualification fees, printers’
and accounting fees, and fees and disbursements of counsel for Mill Basin (but
      excluding underwriters’ discounts and commissions and any fees or disbursements
      of counsel for the Mill Basin Guarantors) shall be borne by Mill Basin. Each
      Mill Basin Guarantor participating in a registration pursuant to this
      Section 6.8
      shall
      bear such holder’s costs of discounts, commissions or other amounts payable to
      underwriters or brokers in connection with such offering and the proportionate
      share of the fees and expenses of counsel for the Mill Basin
      Guarantors.

     

    (d)  Rule
      144.
      With a
      view to making available to the Mill Basin Guarantors the benefits of Rule
      144
      promulgated under the 1933 Act or any other similar rule or regulation of the
      SEC that may at any time permit Mill Basin Guarantors to sell securities of
      Mill
      Basin to the public without registration (collectively, “Rule
      144”),
      Mill
      Basin agrees to:

     

    (i)  make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144;

     

    (ii)  file
      with
      the SEC in a timely manner all reports and other documents required of Mill
      Basin under the Securities Act and the Exchange Act; 

     

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

     

    (iii)  furnish
      to the Mill Basin Guarantor so long as such party owns Registrable Securities,
      promptly upon request, (i) a written statement by Mill Basin that it has
      complied with the reporting requirements of Rule 144, the Securities Act and
      the
      Exchange Act, (ii) if not available on the SEC’s EDGAR system, a copy of the
      most recent annual or quarterly report of Mill Basin and such other reports
      and
      documents so filed by Mill Basin and (iii) such other information, as may be
      reasonably requested to permit the Mill Basin Guarantor to sell such securities
      pursuant to Rule 144 without registration; and

     

    (iv)  at
      the
      request of any Mill Basin Guarantor then holding Registrable Securities, give
      the Transfer Agent instructions (supported by an opinion of Mill Basin counsel,
      if required or requested by the Transfer Agent) to the effect that, upon the
      Transfer Agent’s receipt from such Mill Basin Guarantor of

     

    (a)  a
      certificate (a “Rule
      144 Certificate”)
      certifying (A) that the Mill Basin Guarantor’s holding period (as determined in
      accordance with the provisions of Rule 144) for the Shares which the Mill Basin
      Guarantor proposes to sell (the “Securities
      Being Sold”)
      is not
      less than year and (B) as to such other matters as may be appropriate in
      accordance with Rule 144 (and applicable SEC interpretations), and

     

    (b)  an
      opinion of counsel in form acceptable to Mill Basin (for which purposes it
      is
      agreed that Krieger & Prager LLP shall be deemed acceptable if not given by
      Mill Basin counsel) that, based on the Rule 144 Certificate, Securities Being
      Sold may be sold pursuant to the provisions of Rule 144, even in the absence
      of
      an effective registration statement, the
      Transfer Agent is to effect the transfer of the Securities Being Sold and issue
      to the buyer(s) or transferee(s) thereof one or more stock certificates
      representing the transferred Securities Being Sold without any restrictive
      legend and without recording any restrictions on the transferability of such
      shares on the Transfer Agent’s books and records (except to the extent any such
      legend or restriction results from facts other than the identity of the relevant
      Mill Basin Guarantor, as the seller or transferor thereof, or the status,
      including any relevant legends or restrictions, of the shares of the Securities
      Being Sold while held by the Buyer). If the Transfer Agent reasonably requires
      any additional documentation at the time of the transfer, Mill Basin shall
      deliver or cause to be delivered all such reasonable additional documentation
      as
      may be necessary to effectuate the issuance of an unlegended certificate in
      connection with such sale.

     

    (e)  Suspension
      of Sales.
      The
      Mill Basin Guarantors agree that upon receipt of any notice from Mill Basin
      of
      the happening of any event or existence of facts of the kind described in
      Section 6.8(b)(v),
      the
      Mill Basin Guarantors will immediately discontinue disposition of Registrable
      Securities pursuant to any Registration Statement(s) covering such Registrable
      Securities until the Mill Basin Guarantors’ receipt of the copies of the
      supplemented or amended prospectus contemplated by 6.8(b)(v).
      Notwithstanding anything to the contrary, the Company shall cause its transfer
      agent to promptly deliver shares of Mill Basin Common Stock without any
      restricted legend in connection with any sale of Registrable Securities with
      respect to which the Mill Basin Guarantors have entered into a contract for
      sale
      prior to the Mill Basin Guarantors’ receipt of a notice from Mill Basin of the
      happening of any event of the kind described in 6.8(b)(v)
      and for
      which the Mill Basin Guarantors have not yet settled.

     

    
      
         

      

      
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    (f)  Furnish
      Information.
      It
      shall be a condition precedent to the obligations of Mill Basin to take any
      action pursuant to Sections 6.8
      hereof
      that the Mill Basin Guarantors shall furnish to Mill Basin such information
      regarding themselves, the Registrable Securities held by them and the intended
      method of disposition of such securities as shall be required to timely effect
      the registration of their Registrable Securities.

     

    (g)  “Market
      Stand-Off” Agreement.
      Each
      Mill Basin Guarantor hereby agrees that, as long as each officer, director
      and
      other party entitled to registration rights agrees not to sell shares for at
      least as long as required hereby, it shall not, to the extent requested by
      Mill
      Basin or an underwriter of securities of Mill Basin, sell or otherwise transfer
      or dispose of or engage in any other transaction regarding any Registrable
      Securities or other shares of stock of the Company then owned by such holder
      (other than to donees or partners of the holder who agree to be similarly bound)
      during the period commencing on the effectiveness of the first underwritten
      public offering of securities of Mill Basin and continuing for a period of
      thirty days. In order to enforce the foregoing covenant, (i) Mill Basin
      shall have the right to place restrictive legends on the certificates
      representing the shares subject to this Section 6.8(g)
      and to
      impose stop transfer instructions with respect to the Registrable Securities
      and
      such other shares of stock of each holder (and the shares or securities of
      every
      other person subject to the foregoing restriction) until the end of such period
      and (ii) the holder agrees to execute the form of agreement reasonably
      requested by Mill Basin and/or underwriter.

     

    (h)  Assumption
      of Investor Rights Agreement:
      Mill
      Basin hereby assumes the registration obligations of the Company under the
      Investor's Rights Agreement of January 11, 2007 (the "Rights Agreement")
      provided, however, that in no event shall Mill Basin file a registration
      statement for the securities covered by the Rights Agreement until Mill Basin
      has filed the registration statement contemplated by Section 6.8(a)
      of this
      Agreement. As a condition to the assumption of such obligations, each of the
      holders of Company Preferred Stock agree that Mill Basin is entitled to enforce
      the obligations originally owed by such holders to the Company under the Rights
      Agreement.

     

    (i)  Definitions:
      As used
      in this Section 6.8.

     

    (i)  “Permitted
      Suspension Period”
means
      up to two such suspension periods during any consecutive 12-month period, each
      of which suspension period shall not either (i) be for more than 30 days, or
      (ii) begin less than ten business days after the last day of the preceding
      suspension (whether or not such last day was during or after a Permitted
      Suspension Period).

     

    (ii)  “Principal
      Trading Market”
shall
      mean the Nasdaq Stock Market, the Over the Counter (Pink Sheets), the Over
      the
      Counter Bulletin Board, the American Stock Exchange or the New York Stock
      Exchange, whichever is at the time the principal trading exchange or market
      for
      the Common Shares.

     

    (iii)  “Potential
      Material Event”
means
      any of the following: (i) the possession by Mill Basin of material information
      not ripe for disclosure in a registration statement, which shall be evidenced
      by
      a determination in good faith by the Board of Directors of Mill Basin that
      disclosure of such information in the registration statement would be
      detrimental to the business and affairs of Mill Basin or (ii) any material
      engagement or activity by Mill Basin which would, in the good faith
      determination of the Board of Directors of Mill Basin, be adversely affected
      by
      disclosure in a registration statement at such time; in each case where such
      determination shall be accompanied by a good faith determination by the Board
      of
      Directors of Mill Basin that the registration statement would be materially
      misleading absent the inclusion of such information. 

     

    
      
         

      

      
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    (iv)  “Register,”
      “Registered,”
and
      “Registration”
refer
      to a registration effected by preparing and filing a Registration Statement
      or
      Statements in compliance with the Securities Act and pursuant to Rule 415 under
      the Securities Act or any successor rule providing for offering securities
      on a
      continuous basis, and the declaration or ordering of effectiveness of such
      Registration Statement by the United States Securities and Exchange Commission
      (the “SEC”).

     

    (v)  “Registrable
      Securities”
means,
      collectively, 446,600 shares of Mill Basin Common Stock.

     

    (vi)  “Registration
      Statement”
means
      a
      registration statement or amendment thereto of the Company under the Securities
      Act covering Registrable Securities on Form S-3, if the Company is then eligible
      to file using such form, and if not eligible, on Form SB-2 or other appropriate
      form.

     

    ARTICLE
      7

    Conditions
      to the Obligations of Mill Basin and the Mill Basin
      Guarantors

     

    Notwithstanding
      any other provision of this Agreement to the contrary, the obligation of Mill
      Basin and the Mill Basin Guarantors to effect the transactions contemplated
      herein will be subject to the satisfaction at or prior to the Closing, or waiver
      by Mill Basin and by all the Mill Basin Guarantors, of each of the following
      conditions:

     

    7.1  Representations
      and Warranties True.
      The
      representations and warranties of the Company and the Company Shareholders
      contained in this Agreement, including without limitation in the Company
      Disclosure Schedule delivered to Mill Basin as Exhibit 2,
      will be
      true, complete and accurate in all material respects as of the date when made
      and as of the Closing Date as though such representations and warranties were
      made at and as of such time, except for changes specifically permitted or
      contemplated by this Agreement, and except insofar as the representations and
      warranties relate expressly and solely to a particular date or period, in which
      case they will be true and correct at the Closing with respect to such date
      or
      period.

     

    7.2  Performance.
      The
      Company and the Company Shareholders will have performed and complied in all
      material respects with all agreements, covenants, obligations and conditions
      required by this Agreement to be performed or complied with by the Company
      and
      the Company Shareholders on or prior to the Closing.

     

    7.3  Required
      Approvals and Consents.

     

    (a)  All
      action required by law and otherwise to be taken by the members of the board
      of
      directors of the Company to authorize the execution, delivery and performance
      of
      this Agreement and the consummation of the transactions contemplated hereby
      will
      have been duly and validly taken.

     

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

     

    (b)  All
      Consents of or from all Authorities required hereunder to consummate the
      transactions contemplated herein, will have been delivered, made or obtained,
      and Mill Basin will have received copies thereof.

     

    (c)  Mill
      Basin will have received a certificate of good standing of the Company from
      the
      British Virgin Islands, as of the most recent practicable date.

     

    7.4  No
      Proceeding or Litigation.
      No
      suit, action, investigation, inquiry or other proceeding by any Authority or
      other person or entity will have been instituted or threatened which delays
      or
      questions the validity or legality of the transactions contemplated hereby
      or
      which, if successfully asserted, would, in the reasonable judgment of Mill
      Basin, individually or in the aggregate, otherwise have a Material Adverse
      Effect on the Company’s business, financial condition, prospects, assets or
      operations or prevent or delay the consummation of the transactions contemplated
      by this Agreement.

     

    7.5  Legislation.
      No Law
      will have been enacted which prohibits, restricts or delays the consummation
      of
      the transactions contemplated hereby or any of the conditions to the
      consummation of such transaction including any pre-approval requirement for
      foreign listings.

     

    7.6  Appropriate
      Documentation.
      Mill
      Basin will have received, in a form and substance reasonably satisfactory to
      Mill Basin, dated the Closing Date, all certificates and other documents,
      instruments and writings to evidence the fulfillment of the conditions set
      forth
      in this Article
      7
      as Mill
      Basin may reasonably request.

     

    7.7  Readiness
      to File Form 8-K.
      The
      Company and its auditors and counsel shall have confirmed that Mill Basin is
      prepared to file a Form 8-K within the time allotted by Form 8-K and that the
      draft of the Form 8-K complies as to form with the requirements of Form
      8-K.

     

    7.8  U.S.
      GAAP Financial Statements.
      Prior
      to the Closing, the Company shall deliver to Mill Basin the U.S. GAAP Financial
      Statements of the Company in final form. The U.S. GAAP Financial Statements
      shall have been audited by the Accountant.

     

    ARTICLE
      8

    Conditions
      to Obligations of the Company and the Company Shareholders

     

    Notwithstanding
      anything in this Agreement to the contrary, the obligations of the Company
      and
      Company Shareholders to effect the transactions contemplated herein will be
      subject to the satisfaction at or prior to the Closing, or waiver by all the
      Company Shareholders, of each of the following conditions:

     

    8.1  Representations
      and Warranties True.
      The
      representations and warranties of Mill Basin and the Mill Basin Guarantors
      and
      contained in this Agreement will be true, complete and accurate in all material
      respects as of the date when made and at and as of the Closing, as though such
      representations and warranties were made at and as of such time, except for
      changes permitted or contemplated in this Agreement, and except insofar as
      the
      representations and warranties relate expressly and solely to a particular
      date
      or period, in which case they will be true and correct at the Closing with
      respect to such date or period.

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

     

    8.2  Performance.
      Mill
      Basin and the Mill Basin Guarantors will have performed and complied in all
      material respects with all agreements, covenants, obligations and conditions
      required by this Agreement to be performed or complied with by Mill Basin or
      the
      Mill Basin Guarantors at or prior to the Closing.

     

    8.3  Required
      Approvals and Consents.

     

    (a)  All
      action required by law and otherwise to be taken by the directors and
      stockholders of the Mill Basin to authorize the execution, delivery and
      performance of this Agreement and the consummation of the transactions
      contemplated hereby will have been duly and validly taken.

     

    (b)  All
      Consents of or from all Authorities required hereunder to consummate the
      transactions contemplated herein, will have been delivered, made or obtained,
      and the Company will have received copies thereof.

     

    8.4  Agreements
      and Documents.
      The
      Company will have received the following agreements and documents, each of
      which
      will be in full force and effect:

     

    (a)  a
      certificate executed on behalf of Mill Basin by its Chief Executive Officer
      confirming that the conditions set forth in Sections 8.1,
      8.2,
      and
8.3
      have
      been duly satisfied;

     

    (b)  resolutions
      of the board of directors of Mill Basin, certified by the secretary of Mill
      Basin, approving the transactions contemplated by this Agreement, including
      the
      issuance of the Mill Basin Shares and the matters referred to in Section
8.3
      of this
      Agreement;

     

    (c)  certificates
      representing the Mill Basin Shares registered in the names of the Company
      Shareholders in accordance with Section 1.1;

     

    (d)  a
      certificate of good standing of Mill Basin from the State of Nevada and any
      other states where Mill Basin is qualified to do business, as of the most recent
      practicable date;

     

    8.5  Legislation.
      No Law
      will have been enacted which prohibits, restricts or delays the consummation
      of
      the transactions contemplated hereby or any of the conditions to the
      consummation of such transaction.

     

    8.6  Appropriate
      Documentation.
      The
      Company will have received, in a form and substance reasonably satisfactory
      to
      Company, dated the Closing Date, all certificates and other documents,
      instruments and writings to evidence the fulfillment of the conditions set
      forth
      in this Article
      8
      as the
      Company may reasonably request.

     

    
      
         

      

      
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    8.7  Readiness
      to File Form 8-K.
      The
      Company shall have confirmed, in consultation with the auditors and counsel
      to
      Company, that the Mill Basin is prepared to file a Form 8-K within the time
      allotted by Form 8-K and that the draft of the Form 8-K complies as to form
      with
      the requirements of Form 8-K.

     

    ARTICLE
      9

    Termination
      and Abandonment

     

    9.1  Termination
      by Mutual Consent.
      This
      Agreement may be terminated at any time prior to the Closing by the written
      consent of the Company and Mill Basin.

     

    9.2  Termination
      by either the Company or Mill Basin.
      This
      Agreement may be terminated by either the Company or Mill Basin if the Closing
      is not consummated by [June 30], 2007 (provided that the right to terminate
      this
      Agreement under this Section 9.2
      will not
      be available to any party whose failure to fulfill any material obligation
      under
      this Agreement has been the cause of or resulted in the failure of the Closing
      to occur on or before such date). This Agreement may be terminated by the
      Company for a material breach of any representation, warranty, or covenant
      of
      Mill Basin or any Mill Basin Guarantor or the failure of any of the Company’s
      conditions to closing to be satisfied. This Agreement may be terminated by
      Mill
      Basin for a material breach of any representation, warranty, or covenant of
      the
      Company or any Company Shareholder or the failure of any of Mill Basin’s
      conditions to Closing to be satisfied.

     

    9.3  Procedure
      and Effect of Termination.
      In the
      event of termination of this Agreement and abandonment of the transactions
      contemplated hereby by the Company or Mill Basin pursuant to this Article
      9,
      written
      notice thereof will be given to all other parties and this Agreement will
      terminate and the transactions contemplated hereby will be abandoned, without
      further action by any of the parties hereto. If this Agreement is terminated
      as
      provided herein:

     

    (a)  Each
      of
      the parties will, upon request, redeliver all documents and other material
      of
      the other parties relating to the transactions contemplated hereby, whether
      obtained before or after the execution hereof, to the party furnishing the
      same;

     

    (b)  No
      party
      will have any liability for a breach of any representation, warranty, agreement,
      covenant or the provision of this Agreement, unless such breach was due to
      a
      willful or bad faith action or omission of such party or any representative,
      agent, employee or independent contractor thereof; and

     

    (c)  All
      filings, applications and other submissions made pursuant to the terms of this
      Agreement will, to the extent practicable, be withdrawn from the agency or
      other
      person to which made.

     

    ARTICLE
      10

    Miscellaneous
      Provisions

     

    10.1  Survival
      of Representations, Warranties and Covenants.
      All of
      the representations, warranties and covenants of Mill Basin and the Mill Basin
      Guarantors in this Agreement in Articles 4, 5, 6 and 10 or in any instrument
      delivered pursuant to this Agreement shall survive the Closing hereof for one
      year.

     

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

     

    10.2  Expenses.
      Except
      as set forth in the following sentence, Mill Basin, the Mill Basin Guarantors,
      the Company, and the Company Shareholders will each bear their own costs and
      expenses relating to the transactions contemplated hereby, including without
      limitation, fees and expenses of legal counsel, accountants, investment bankers,
      brokers or finders, printers, copiers, consultants or other representatives
      for
      the services used, hired or connected with the transactions contemplated hereby.
      Following the Closing, the Company will pay the fees of the transfer agent
      and
      the accountant retained by Mill Basin in connection with preparation and review
      of the Form 8-K, up to a maximum aggregate amount of $10,000.

     

    10.3  Amendment
      and Modification.
      This
      Agreement may be amended or modified only by the Company, Mill Basin, the Mill
      Basin Guarantors and the Company Shareholders. All such amendments and
      modifications to this Agreement must be in writing duly executed by all of
      the
      parties hereto.

     

    10.4  Waiver
      of Compliance; Consents.
      Any
      failure of a party to comply with any obligation, covenant, agreement or
      condition herein may be expressly waived in writing by Mill Basin and the Mill
      Basin Guarantors, on the one hand, and the Company and the Company Shareholders,
      on the other, but such waiver or failure to insist upon strict compliance with
      such obligation, covenant, agreement or condition will not operate as a waiver
      of, or estoppel with respect to, any subsequent or other failure. No single
      or
      partial exercise of a right or remedy will preclude any other or further
      exercise thereof or of any other right or remedy hereunder. Whenever this
      Agreement requires or permits the consent by or on behalf of a party, such
      consent will be given in writing in the same manner as for waivers of
      compliance.

     

    10.5  Indemnification
      Obligations in favor of Mill Basin.
      From
      and after the Closing Date, the Mill Basin Guarantors shall reimburse, indemnify
      and hold harmless Mill Basin, the Company, and the Company Shareholders, and
      the
      executive officers, directors, and employees of Mill Basin and the Company
      in
      office after the Closing (each such person and his heirs, executors,
      administrators, agents, successors and assigns is referred to herein as a
“Company
      Indemnified Party”)
      against and in respect of any and all damages, losses, settlement payments,
      in
      respect of deficiencies, liabilities, costs, expenses and claims suffered,
      sustained, incurred or required to be paid by any Company Indemnified Party,
      and
      any and all actions, suits, claims, or legal, administrative, arbitration,
      governmental or other procedures or investigation against any Indemnified Party,
      in respect of any breach of any representation, warranty, covenant, or other
      agreement made by Mill Basin or a Mill Basin Guarantor. Harborview Master Fund,
      L.P. will retain at least $75,000 of assets for a period of at least one year
      and thereafter such amount as to which any Company Indemnified Party has made
      an
      indemnification claim.

     

    10.6  Third
      Party Beneficiaries.
      Nothing
      in this Agreement will entitle any person or entity other than a party hereto
      and his, her or its respective successors and assigns permitted hereby to rely
      upon any of the representations or warranties contained herein or to any claim,
      cause of action, remedy or right of any kind.

     

    10.7  Notices.
      All
      notices, requests, demands and other communications required or permitted
      hereunder prior to the Closing will be made in writing and will be deemed to
      have been duly given and effective: (i) on the date of delivery, if delivered
      personally; or (ii) on the date of transmission, if sent by facsimile, telecopy,
      telegraph, telex or other similar telegraphic communications equipment, or
      to
      such other person or address as a party will furnish to the other parties hereto
      in writing in accordance with this subsection.

     

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

     

    
      	
              If
                to the Company and the Company Shareholders:

               

              Allied
                Moral Holdings Ltd.

              Intelig
                Digital Park, Hongmian Road

              Futian
                Free Trade Zone

              Shenzhen,
                PR China 518038

              Attn:
                President

              Fax:
                (86-755-25331366)

               

            
	
              With
                a copy to:

               

              DLA
                Piper, US LLP

              4365
                Executive Drive, Suite 1100

              San
                Diego, CA 92121

              Attn:
                Douglas J. Rein

              Fax:
                (858) 677-1401

            

    

    

    or
      to
      such other person or address as the Company will furnish to the other parties
      hereto in writing in accordance with this subsection.

     

    
      	
              If
                to the Mill Basin and the Mill Basin Guarantors:

               

              HARBORVIEW
                CAPITAL MANAGEMENT LLC 

              850
                Third Avenue

              New
                York, NY

              Attn:
                Richard
                Rosenblum

              Fax:
                (646) 218-1401

               

            	 

    

    
      	
              
                With
                  a copy to: 

                

                Samuel
                  M. Krieger, Esq.

                Krieger
                  and Prager LLP

                39
                  Broadway

                New
                  York, NY. 10006

                Fax:
                  (212) 363-2999

              

            

    

     

    or
      to
      such other person or address as Mill Basin will furnish to the other parties
      hereto in writing in accordance with this subsection.

     

    10.8  Assignment.
      This
      Agreement and all of the provisions hereof will be binding upon and inure to
      the
      benefit of the parties hereto and their respective successors and permitted
      assigns, but neither this Agreement nor any of the rights, interests or
      obligations hereunder will be assigned (whether voluntarily, involuntarily,
      by
      operation of law or otherwise) by any of the parties hereto without the prior
      written consent of the other parties.

     

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

     

    10.9  Counterparts.
      This
      Agreement may be executed simultaneously in one or more counterparts, including
      facsimile transmissions, each of which will be deemed an original, but all
      of
      which together will constitute one and the same instrument.

     

    10.10  Headings.
      The
      headings of the sections and subsections of this Agreement are inserted for
      convenience only and will not constitute a part hereof.

     

    10.11  Entire
      Agreement.
      This
      Agreement, the Disclosure Schedules and the exhibits and other writings referred
      to in this Agreement or in the Disclosure Schedules or any such exhibit or
      other
      writing are part of this Agreement, together they embody the entire Agreement
      and understanding of the parties hereto in respect of the transactions
      contemplated by this Agreement and together they are referred to as this
“Agreement” or the “Agreement.” There are no restrictions, promises, warranties,
      agreements, covenants or undertakings, other than those expressly set forth
      or
      referred to in this Agreement. This Agreement supersedes all prior agreements
      and understandings between the parties with respect to the transaction or
      transactions contemplated by this Agreement. Provisions of this Agreement will
      be interpreted to be valid and enforceable under applicable Law to the extent
      that such interpretation does not materially alter this Agreement, provided,
      however, that if any such provision becomes invalid or unenforceable under
      applicable Law such provision will be stricken to the extent necessary and
      the
      remainder of such provisions and the remainder of this Agreement will continue
      in full force and effect.

     

    10.12  Remedies
      and Injunctive Relief.
      It is
      expressly agreed among the parties hereto that monetary damages would be
      inadequate to compensate a party hereto for any breach by any other party of
      its
      covenants in Article
      6
      hereof.
      Accordingly, the parties agree and acknowledge that any such violation or
      threatened violation will cause irreparable injury to the other and that, in
      addition to any other remedies which may be available, such party will be
      entitled to injunctive relief against the threatened breach of Article
      6
      hereof
      or the continuation of any such breach without the necessity of proving actual
      damages and may seek to specifically enforce the terms thereof.

     

    10.13  Governing
      Law.
      This
      Agreement shall be governed and construed in accordance with the laws of the
      New
      York without regard to principles of conflicts of law.
      Each of
      the parties consents to the exclusive jurisdiction of the federal courts whose
      districts encompass any part of the County of New York or the state courts
      of
      the State of New York sitting in the County of New York in connection with
      any
      dispute arising under this Agreement or any of the other Transaction Agreements
      and hereby waives, to the maximum extent permitted by law, any objection,
      including any objection based on
      forum non conveniens,
      to the
      bringing of any such proceeding in such jurisdictions or to any claim that
      such
      venue of the suit, action or proceeding is improper.

     

    10.14  Definitions.
      

     

    (a)  “Material
      Adverse Effect”
with
      respect to a party means a material adverse change in or effect on the business,
      operations, financial condition, properties or liabilities of the party taken
      as
      a whole, provided, however, that a Material Adverse Effect will not be deemed
      to
      include (i) changes as a result of the announcement of this transaction or
      (ii)
      changes in generally accepted accounting principles.

     

    (b)  “Company
      Control Person”
means
      each director, executive officer, promoter, and such other Persons as may be
      deemed in control of the Company pursuant to Rule 405 under the Securities
      Act
      or Section 20 of the Exchange Act.

     

    [Signature
      Page(s) to Follow]

     

    
      
        
        

         

      

      
        28

        
          

        

      

      
         

        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
      executed as of the day and year first above written.

     

    
      	
              MILL
                BASIN TECHNOLOGIES, LTD.

               

              By:
                ___________________________

              _______________,
                President

               

               

            	
              ALLIED
                MORAL HOLDINGS, LTD.

               

              By:
                ______________________________

              _______________,
                CEO

               

            
	
              HARBOR
                VIEW MASTER FUND LP

               

              By:
                ___________________________

              _____________,
                _____________

               

               

            	
              COMPANY
                SHAREHOLDER

               

              __________________________________

               

            
	
              DIVERSE
                TRADING LTD.

               

              By:
                ___________________________

              _____________,
                _____________

            	
              By:
                ___________________________

              _____________,
                _____________

            

    

     

    
      
        
           

        

         

      

      
        
          Signature
            Page to Securities Exchange Agreement

        

        
          

        

      

      
         

        
        

      

    

    SECURITIES
      EXCHANGE AGREEMENT

     

    List
      of Exhibits

    

      
        	
                EXHIBIT
                  1:

              	
                Payments
                  to Company Shareholders for Exchange of Company Shares

                 

              
	
                EXHIBIT
                  2:

              	
                Company
                  Disclosure Schedule

                 

              
	
                EXHIBIT
                  4:

              	
                Mill
                  Basin Disclosure Schedule

                 

              
	
                EXHIBIT
                  4.3:

              	
                Certificate
                  of Designation of Mill Basin Preferred Stock

                 

              

      

    

     

    
      
         

      

      
        30EXHIBIT
      10.1

    

    AGREEMENT

    

    This
      Agreement (the "Agreement") is dated as of the 1st
      day of
      January 2007 by and between Innodata Isogen, Inc. (“Innodata Isogen”) and Ashok
      Mishra (the "Executive").

    

    WITNESSETH

    

    
      	
              1.

            	
              Employment.
                Innodata
                Isogen hereby agrees to cause one or more of its wholly-owned subsidiaries
                to offer employment to the Executive for and during the term of this
                Agreement (as set forth in Paragraph 4 below). The subsidiary or
                subsidiaries offering employment to the Executive shall be referred
                to
                herein as the “Employing Subsidiary” or the “Employing Subsidiaries”, and
                shall be indentified in Appendix “A” to this Agreement. Innodata Isogen
                may change the identity of the Employing Subsidiaries upon written
                notice
                to the Executive. Innodata Isogen and the Employing Subsidiaries
                will be
                collectively referred to herein as the “Company”. The Executive will be
                employed by the the Employing Subsidiaries as Chief Operating Officer,
                and
                will be an Executive Vice President of the Company and member of
                the
                Company’s Executive Mangement Team. The Executive hereby accepts such
                employment with the Employing Subsidiaries under the terms and conditions
                set forth in this Agreement. 

            

    

     

    
      	
              2.

            	
              Duties
                and Authorities of the Executive.
                The
                Executive shall have such duties and authorities as shall be consistent
                with his position as Executive Vice President and Chief Operating
                Officer
                of the Company, as may be reasonably assigned to him from time to
                time by
                the Company. The Executive shall report directly to the Chief Executive
                Officer of Innodata Isogen (or such other officer as the Company
                may
                designate from time to time).

            

    

     

    
      	
              3.

            	
              Full
                Business Time.
                The
                Executive agrees to devote his full business time and services to
                the
                faithful performance of his duties hereunder. During the term of
                his
                employment with the Employing Subsidiaries, the Executive shall engage
                in
                no other business activities whatsoever during normal working hours
                and
                shall perform his services primarily from the Company’s offices located in
                Mandaue, the Philippines and Noida,
                India.

            

    

     

    
      
        
        

      

      
        Page
          1 of
          12

        
          

        

      

      
        
        

      

    

     

    
      	
              4.

            	
              Term.
                The term of this Agreement shall commence on January 1, 2007 and
                end on
                December 31, 2009 (the "Term"), unless terminated earlier pursuant
                to this
                Agreement. By not later than June 30, 2009, the Company shall notify
                Executive in writing in accordance with Paragraph 12 of this Agreement
                whether the Company intends to renew Executive's employment with
                the
                Employing Subsidiaries. If the Company does not provide a notice
                of
                non-renewal by June 30, 2009 or if the parties do not execute a new
                employment agreement prior to the end of the Term, then this Agreement
                shall automatically renew for a period of one (1) year until December
                21,
                2010 provided Executive continues to be employed by the Employing
                Subsidiaries. If the Company provides Executive with a notice of
                non-renewal, this Agreement shall automatically terminate at the
                conclusion of the Term. During any renewal period, the Company shall
                provide written notice of non-renewal of this Agreement not later
                than
                June 30 of such calendar year. If the Company does not provide Executive
                with a written notice of non-renewal by June 30 of such calendar
                year or
                if the parties do not execute a new employment agreement prior the
                expiration of any such renewal period, then this Agreement shall
                continue
                to renew for successive one (1) year periods unless otherwise terminated
                or written notice of non-renewal is provided as set forth in this
                Agreement. If the Executive is timely provided pursuant to this paragraph
                with notice of non-renewal during a renewal period, this Agreement
                shall
                automatically terminate at the conclusion of the renewal period.
                Non-renewal of this Agreement is not a termination of this Agreement
                pursuant to Paragraph 7. In no event shall the Executive be entitled
                to
                any severance payments upon the Company's non-renewal of this Agreement
                pursuant to Paragraph 7.

            

    

     

    
      	
              5.

            	
              Compensation.

            

    

     

    
      	 	
              (a)

            	
              The
                Employing Subsidiaries shall pay the Executive a base annual salary
                ("Base
                Salary") totalling the equivalent to U.S. One hundred seventy-five
                thousand dollars and No Cents (U.S.$175,000)
                per annum for the Term,
                payable in accordance with the Employing Subsidiaries normal payroll
                cycle(s), subject to annual reviews by the Company for discretionary
                annual increases. In the event the Executive is employed by more
                than one
                Employing Subsidiary, the percent of Base Salary paid by each of
                the
                Employing Subsidiaries shall be communciated to the Executive at
                the
                commencement of the Term.

            

    

     

    
      	 	
              (b)

            	
              The
                Employing Subsidiaries shall pay the Executive a total signing bonus
                equivalent to U.S. Thirty Thousand Dollars and No Cents (U.S.$30,000.00)
                within thirty (30) days of the Executive’s execution of this
                Agreement.
                In
                the event the Executive is employed by more than one Employing Subsidiary,
                the percent of the signing bonus paid by each of the Employing
                Subsidiaries shall be communciated to the Executive at the commencement
                of
                the Term.

            

    

     

    
      	 	
              (c)

            	
              For
                each calendar year during the Term, the Executive may be eligible
                to
                receive incentive compensation pursuant to an incentive compensation
                plan
                (the “Plan”). The terms of the Plan will be determined by the Company and
                communicated in writing to the Executive. In connection with the
                Plan, the
                terms of the official Plan documents, as may be amended from time
                to time,
                shall govern and be controlling. 

            

    

     

    
      
        
        

      

      
        Page
          2 of
          12

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (d)

            	
              Base
                Salary payments shall be made in accordance with the Employing
                Subsidiaries’ payroll policies. Base Salary, signing bonus and incentive
                payments, if any, shall be subject to deduction for applicable withholding
                taxes. 

            

    

    

    
      	
              6.

            	
              Employee
                Benefits.

            

    

     

    
      	
            	(a)	
              Throughout
                his employment during the Term, the Employing Subsidiaries shall
                provide
                the Executive with medical insurance in amounts of coverage available
                to
                other expatriat senior executives of the Employing Subsidiaries with
                employee payment obligations on the same terms as such other senior
                executives. 

            

    

     

    
      	
            	(b)	
              The
                Executive shall be entitled to four weeks paid vacation per annum
                and
                personal and sick leave in accordance with the policies of the Employing
                Subsidiaries, which leave shall be taken by the Executive in accordance
                with the reasonable business requirements of the Company. The Employing
                Subsidiaries official policy documents on vacation, personal and
                sick
                leave, as may be modified from time to time, shall govern and be
                controlling. Two (2) weeks vacation per annum may be carried over
                from one
                year to the next, and the Executive shall be entitled to payment
                for any
                accrued, but unused, vacation upon the termination of the Executive's
                employment with the Company; provided that in noevent shall the amount
                of
                such payment exceed payment for six (6) weeks of accrued, but unused,
                vacation.

            

    

    

    
      	7.	
              Termination.
                Notwithstanding any other provision in this Agreement, during the
                Term:

            

    

     

    
      	 	
              (a)

            	
              Death.
                If the Executive dies, this Agreement shall automatically terminate
                as of
                the date of the Executive's death.

            

    

     

    
      	 	
              (b)

            	
              Disability.
                If the Executive is unable to perform his duties hereunder as a result
                of
                any physical or mental disability (i) which continues for 90 consecutive
                days or (ii) for 90 days in any 365 consecutive-day period, then
                Innodata
                Isogen may terminate this Agreement upon 30 days written notice to
                the
                Executive, provided that the Executive's Base Salary shall continue
                to
                accrue ratably for 90 days after the date of the termination.
                

            

    

    

    
      	 	
              (c)

            	
              Termination
                by the Company for Cause.
                Innodata Isogen may terminate this Agreement for Cause. For
                purposes of the Agreement, "Cause" shall mean (i) the Executive
                is charged or convicted by a court of competent jurisdiction of a
                felony
                or a crime involving Innodata Isogen or its subsidiaries;
                (ii) the Executive’s conviction by a court of competent jurisdiction of a
                felony involving moral turpitude or unlawful, dishonest, or unethical
                conduct that a reasonable person would consider damaging to the reputation
                of Innodata Isogen or its subsidiaries, or is charged with a felony
                involving moral turpitude or unlawful, dishonest, or unethical conduct
                that a reasonable person would consider damaging to the reputation
                of the
                Innodata Isogen or its subsidiaries, which in the reasonable judgment
                of
                the Board of Directors of Innodata Isogen is reasonably likely to
                lead to
                a conviction; (iii) the Executive’s willful or persistent refusal or
                failure to perform assigned duties consistent with duties of the
                Executive's position or to comply with the reasonable directions
                of the
                Company officer to whom he reports, the Chief Executive Officer of
                Innodata Isogen, or Innodata Isogen’s Board of Directors; (iv) any
                material breach of any provision of this Agreement, or any other
                agreements between the Executive and the Company or its subsidiaries
                and
                affiliates, by the Executive; (v) the Executive’s gross negligence in the
                performance of his duties. 

            

    

     

    
      
        
        

      

      
        Page
          3 of
          12

        
          

        

      

      
        
        

      

    

     

    If
      this
      Agreement is terminated by Innodata Isogen for cause the Executive’s employment
      with the Employing Subsidiaries shall automatically terminate, and the Employing
      Subsidiaries shall pay the Executive his full accrued Base Salary through the
      date of termination of employment at the rate in effect at the time of such
      termination, and the Company shall have no further obligation to the Executive
      under this Agreement or under any other agreements or plans. Executive is not
      entitled to any other compensation including, without limitation, bonuses,
      severance, incentive compensation and/or stock option grants if this Agreement
      is terminated for Cause. 

    

    
      	 	
              (d)

            	
              Termination
                by the Company without Cause.
                Innodata Isogen may terminate this Agreement without Cause at any
                time,
                provided that, in such case, the Employing Subsidiaries shall continue
                to
                pay to the Executive his then Base Salary in normal payroll installments
                for twelve (12) months following the date of his
                termination.

            

    

    

    For
      all
      purposes of this Agreement, including but not limited to the Executive's
      entitlement to the payments pursuant to Paragraph 7(e), this Agreement shall
      be
      deemed to have been terminated by Innodata Isogen without Cause if (i) Innodata
      Isogen breaches any of its material obligations under this Agreement, (ii)
      Innodata Isogen purports to terminate this Agreement prior to the end of the
      Term (other than for Cause), (iii) the Company reduces the Executive's Base
      Salary below the amount provided for in this Agreement, without the Executive’s
      written consent, or (iv) the Company assigns duties to the Executive which
      are
      not consistent with his office set forth in Paragraph 2, but in each case only
      if within 30 days after the Executive first has actual knowledge of the
      occurrence of such action or event, the Executive gives notice to the Company
      of
      his intention to terminate his employment with the Employing Subsidiaries,
      the
      Company does not revoke or reasonably cure any such action or event within
      60
      days after the date of such notice, and the Executive resigns his employment
      with the Employing Subsidiaries within 15 days thereafter. 

    

    
      	 	
              (e)

            	
              In
                addition to any other payments pursuant to Paragraph 7(d), upon the
                Executive's resignation or upon any of the terminations identified
                in
                Paragraphs 7(a), (b) or (d) above, the Executive or his estate shall
                be
                entitled to receive his Base Salary and any earned but unpaid incentive
                compensation and all of his then incurred but un-reimbursed business
                expenses, in each case to the date of the Executive's resignation
                or
                termination of this Agreement.
                Executive is not entitled to any unearned compensation of any kind
                including, without limitation, bonuses, severance, incentive compensation
                and/or stock option grants. Executive shall not be entitled to any
                other
                compensation except as may be set forth in this Agreement.
                

            

    

     

    
      
        
        

      

      
        Page
          4 of
          12

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (f)

            	
              In
                order to be entitled to the payments under Paragraphs 7(d) and 7(e),
                the
                Executive agrees to execute a separation agreement and release in
                the form
                to be provided by the Company, following the termination of this
                Agreement. In order to be entitled to receive the payments under
                Paragraphs 7(d) and 7(e), the Executive acknowledges and agrees that
                Executive will fully comply with the covenants set forth in Paragraphs
                8,
                9 and 10 and that Executive’s failure to fully comply with such covenants
                shall result in immediate cessation of any such payments, as well
                as the
                Company’s right to seek recoupment of all prior payments made under
                Paragraph 7(d) and 7(e), plus interest, attorney’s fees and costs, in
                addition to all other available relief.

            

    

    

    
      	 	
              (g)

            	
              Executive’s
                employment with the Employing Subsidiaries shall automatically terminate
                upon any termination of this Agreement by Innodata
                Isogen.

            

    

    

    
      	
              8.

            	
              Confidentiality
                Agreement and Ownership of Information.

            

    

     

    
      	
            	(a)	
              Executive
                agrees that during the course of employment with the Employing
                Subsidiaries, Executive has and will come into contact with and have
                access to various forms of the Company’s Confidential Information and
                Trade Secrets, which are the property of the Company. This information
                relates both to the Company, and its subsidiaries, affiliates, customers
                and employees. Such Confidential Information and Trade Secrets include,
                but are not limited to: (i) financial and business information, such
                as
                information with respect to costs, commissions, fees, profits, sales,
                markets, mailing lists, strategies and plans for future business,
                new
                business, product or other development, potential acquisitions or
                divestitures, and new marketing ideas; (ii) product and technical
                information, such as product formulations, new and innovative product
                ideas, methods, procedures, devices, machines, equipment, data processing
                programs, software, software codes, computer models, and research
                and
                development projects; (iii) marketing information, such as the identity
                of
                the Company’s and/or its subsidiaries and affiliates’ customers,
                distributors and suppliers and their names and addresses, the names
                of
                representatives of the customers of the Company and/or its subsidiaries
                and affiliates, distributors or suppliers responsible for entering
                into
                contracts with the Company and/or its subsidiaries and affiliates,
                the
                amounts paid by such customers to the Company and/or its subsidiaries
                and
                affiliates, specific customer needs and requirements, and leads and
                referrals to prospective customers; and (iv) personnel information,
                such
                as the identity and number of the Company’s and/or its subsidiaries and
                affiliates’ employees, skills, qualifications, and abilities. Executive
                acknowledges and agrees that the Company’s Confidential Information and
                Trade Secrets are not generally known or available to the general
                public,
                but have been developed, compiled or acquired by the Company and/or
                its
                subsidiaries and affiliates at their great effort and expense.
                Confidential Information and Trade Secrets can be in any form: oral,
                written or machine readable, including electronic files.
                

            

    

     

    
      
        
        

      

      
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            	(b)	
              During
                the Executive's employment with the Employing Subsidiaries and for
                as long
                as such information shall remain Confidential Information or Trade
                Secrets
                of the Company and/or its subsidiaries and affiliates (except, during
                the
                course of his employment with the Employing Subsidiaries, if in
                furtherance of the Company and/or its subsidiaries’ and affiliates’
                business and in accordance with Company policy):
                

            

    

    

    
      	
            	(i)	
              The
                Executive will not disclose to any person or entity, without the
                Company's
                prior consent, any Confidential Information or Trade Secrets, whether
                prepared by him or others.

            

    

    

    
      	
            	(ii)	
              The
                Executive will not remove Confidential Information or Trade Secrets
                from
                the premises of the Company without the prior written consent of
                the
                Company.

            

    

    

    (c)

     

    
      	
            	(i)	
              Upon
                the later of the termination of this Agreement and the resignation
                or
                termination of the Executive’s employment with the the Employing
                Subsidiaries for whatever reason, with or without cause, or at any
                other
                time the Company so requests, the Executive will promptly deliver
                to the
                Company all originals and copies (whether in note, memo or other
                document
                form or on video, audio or computer tapes or discs or otherwise)
                of (A)
                Confidential Information and Trade Secrets of the Company and/or
                its
                subsidiaries and affiliates, or the Company and/or its subsidiaries
                and
                affiliates’ customers (including, but not limited to, customers obtained
                for the Company and/or its subsidiaries and affiliates by the Executive),
                that is in his possession, custody or control, whether prepared by
                him or
                others, and (B) all records, designs, patents, plans, manuals, memoranda,
                lists and other property of the Company and/or its subsidiaries and
                affiliates delivered to the Executive by or on behalf of the Company
                and/or its subsidiaries and affiliates, as the case may be, or by
                the
                Company’s and/or its subsidiaries and affiliates’ customers (including,
                but not limited to, customers obtained for the Company and/or its
                subsidiaries and affiliates by the Executive), and all records compiled
                by
                the Executive which pertain to the business of the Company and/or
                its
                subsidiaries and affiliates, whether or not confidential. All such
                material shall be and remain the property of the Company and/or its
                subsidiaries and affiliates and shall be subject at all times to
                the
                Company’s and/or its subsidiaries and affiliates discretion and
                control.

            

    

     

     

    
      
        
        

      

      
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            	(ii)	
              Information
                shall not be deemed Confidential Information or Trade Secrets
                if:

            

    

    

    
      	 	
              (A)

            	
              such
                information was available to the public prior to disclosure thereof
                by the
                Executive, or

            

    

     

    
      	 	
              (B)

            	
              such
                information shall, other than by an act or omission on the Executive's
                part, be or become available to the public or lawfully made available
                by a
                third party to the public without restrictions as to
                disclosure.

            

    

    

    
      	 	
              (d)

            	
              Confidential
                Information may be disclosed where required by law or order of a
                court of
                competent jurisdiction, provided that the Executive first gives to
                the
                General Counsel of Innodata Isogen reasonable written prior notice
                of such
                disclosure and affords the Company the reasonable opportunity for
                the
                Company to obtain protective or similar orders, where
                available.

            

    

    

    
      	 	
              (e)
                

            	
              The
                Executive acknowledges that he executed a copy of the Company’s “Agreement
                Concerning Confidentiality and Non-Disclosure” (the “NDA”) on December 27,
                1997 and that the terms and provision of the NDA remain in full force
                and
                effect. The NDA is incorporated in this Agreement as if more fully
                set
                forth herein.

            

    

    

    
      	
              9.

            	
              Non-Compete
                and Non-Interference Provisions.

            

    

     

    
      	
            	(a)	
              Executive
                acknowledges and agrees that the Company and its subsidiaries and
                affiliates are engaged in a highly competitive business and that
                by virtue
                of Executive’s position and responsibilities with the Company and
                Executive’s access to the Confidential Information and Trade Secrets,
                engaging in any business which is directly competitive with the Company
                and/or its subsidiaries and affiliates will cause it great and irreparable
                harm. Accordingly, the Executive covenants that during the Limitation
                Period (as hereinafter defined), the Executive will not directly
                or
                indirectly be employed, engaged or otherwise associated in any capacity
                the same or substantially similar to that in which Executive was
                employed
                by the Company by (i) any person or entity which competes with the
                business the Company and/or its subsidiaries and affiliates shall
                be
                conducting at the time of the termination of this Agreement or (ii)
                any
                person or entity the major business of which is competitive with
                the
                Company and/or it subsidiaries and affiliates, nor will the Executive
                directly or indirectly own any interest in any such person or entity
                or
                render to it any consulting, brokerage, contracting, or other services
                the
                same or substantially similar to those performed by the Executive
                for the
                Company. In recognition that the Company and its subsidiaries and
                affiliates business includes the sale of its products and services
                throughout the world, this restriction shall apply on a worldwide
                basis.
                The foregoing shall not prohibit the Executive from owning not in
                excess
                of 2% of the outstanding stock of any company that is a reporting
                company
                under the Securities Act of 1934. 

            

    

     

    
      
        
        

      

      
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            	(b)	
              During
                the Limitation Period (as herein defined), the Executive will not,
                without
                the prior written consent of Innodata Isogen’s Chief Executive Officer,
                directly or indirectly, solicit, divert or appropriate or attempt
                to
                solicit, divert or appropriate any customers or clients of the Company
                and/or its subsidiaries and affiliates who or which (i) were customers
                or
                clients of the Company and/or its subsidiaries and affiliates at
                the time
                of the termination of this Agreement; and/or (ii) with whom the Executive
                had contact during his employment with the Employing Subsidiaries;
                and/or
                (iii) about whom the Executive possesses Confidential Information
                or Trade
                Secrets for purposes of the Executive’s offering to such customers or
                clients of the Company and/or their subsidiaries and affiliates products
                or services which are directly competitive to the products and services
                offered by the Company and/or their subsidiaries and affiliates as
                of the
                date of the termination of this Agreement or the date of Executive’s
                termination or resignation from employment with the Employing Subsidiaries
                for any reason. 

            

    

     

    
      	
            	(c)	
              During
                the Limitation Period (as herein defined), the Executive will not
                anywhere
                directly or indirectly (whether as an owner, partner, employee,
                consultant, broker, contractor or otherwise, and whether personally
                or
                through other persons) approve, solicit or retain, or assist in the
                employment or retention (whether as an employee, consultant or otherwise)
                of, any person who, to the Executive's then actual knowledge, was
                an
                employee of the Company or its subsidiaries and affiliates at any
                time
                during the twelve (12) month period preceding the later of termination
                of
                this Agreement or the resignation or termination of the Executive's
                employment with the Employing Subsidiaries for any reason.
                

            

    

    

    
      	
            	(d)	
              The
                "Limitation Period" shall mean (i) with respect to Paragraph 9(a),
                the
                period during which this Agreement is effective and/or the period
                the
                Executive is actually employed by the Employing Subsidiaries and
                for a
                period of twelve (12) months thereafter; and (ii) with respect to
                Paragraph 9(b) and Paragraph 9(c), the period during which this Agreement
                is effective and/or the period the Executive is actually employed
                by the
                Employing Subsidiaries and for a period of twenty-four (24) months
                thereafter. 

            

    

    

    
      	
            	(e)	
              Since
                monetary damages may be inadequate and the Company and its affiliates
                would be irreparably harmed if the provisions of Paragraphs 8, 9
                or 10 are
                not specifically enforced, the Company and/or its subsidiaries and
                affiliates shall be entitled, among other remedies, to seek an injunction
                from a court of competent jurisdiction (without the necessity of
                posting a
                bond or other security) restraining any violation of the provisions
                of
                Paragraphs 8, 9 or 10 by the Executive and by any person or entity
                to whom
                the Executive provides or proposes to provide any services or information
                in violation of such provisions.

            

    

    

    
      	
              10.

            	
              Inventions.
                

            

    

     

    
      	 	
              (a)

            	
              The
                Executive shall disclose promptly to Innodata Isogen’s General Counsel any
                and all inventions, improvements and valuable discoveries, whether
                patentable or not, which are conceived or made by the Executive solely
                or
                jointly with another during the term of this Agreement and/or his
                employment by the Employing Subsidiaries and which are related to
                the
                business or activities of the Company and/or its subsidiaries and
                affiliates or which the Executive conceives during and as a direct
                result
                of this Agreement and/or his employment by the Employing Subsidiaries,
                and
                the Executive hereby assigns and agrees to assign all his interests
                therein to Innodata Isogen or its nominee. Whenever reasonably requested
                to do so by the Company or their subsidiaries and affiliates, the
                Executive shall execute any and all applications, assignments or
                other
                instruments that the Company and/or their subsidiaries and affiliates
                shall deem necessary to apply for and obtain Letters Patent of the
                United
                States or any foreign country or to otherwise protect the Company's
                and/or
                their subsidiaries and affiliates interest therein.
                

            

    

     

    
      
        
        

      

      
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            	(b)	
              Executive
                further covenants and agrees that the Company and/or its subsidiaries
                and
                affiliates shall be entitled to shop rights with respect to any invention
                and development conceived or made by Executive during the period
                of this
                Agreement and/or his employment by the Employing Subsidiaries that
                is not
                related in any manner to the business of the Company or their subsidiaries
                and affiliates but which was conceived or made on the Company’s time or
                with the use of the Company’s or their subsidiaries’ and affiliates’
                facilities or materials.

            

    

    

    
      	
            	(c)	
              Executive
                further covenants and agrees that it shall be conclusively presumed
                as
                against Executive that the following shall belong to the Company
                or their
                subsidiaries and affiliates: (i) any invention and development described
                in a patent service mark, trademark or copyright application or disclosed
                in any manner to a third person; and (ii) any computer program,
                modification of any computer program, or systems technique for processing
                data conceived or made by Executive during the term of this Agreement
                and/or the period of his employment by the Employing Subsidiaries
                which is
                disclosed, used or described by Executive or any person with whom
                Executive has any business, financial or confidential relationship,
                within
                one (1) year after the later of the termination of this Agreement
                and the
                Executive leaving the employ of the Employing Subsidiaries.
                

            

    

    

    
      	
            	(d)	
              If
                any provision contained in this Paragraph 10 or Paragraphs 8 or 9
                above is
                determined to be void, illegal or unenforceable, in whole or in part,
                then
                the other provisions contained herein shall remain in full force
                and
                effect as if the provision which was determined to be void, illegal,
                or
                unenforceable had not been contained herein. The courts enforcing
                this
                Paragraph 10 or Paragraphs 8 or 9 above shall be entitled to modify
                the
                duration and scope of any restriction contained therein to the extent
                such
                restriction would otherwise be unenforceable, and such restriction
                as
                modified shall be enforced. To the extent that any provision of this
                Paragraph 10 or Paragraphs 8 or 9 above conflicts with any provision
                of
                the NDA, the more restrictive provision (as benefiting the Company)
                shall
                be deemed to control.

            

    

    

    
      	
              11.

            	
              General
                Provisions.

            

    

    

    
      	
            	(a)	
              Notices.
                All notices, requests, consents, and other communications under this
                Agreement shall be in writing and shall be deemed to have been delivered
                (i) on the date personally delivered, or (ii) one day after properly
                sent
                by Federal Express, DHL or other reasonable overnight courier service,
                addressed to the respective parties at the following
                addresses:

            

    

     

    
      
        
        

      

      
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    To
      the
      Company:

    

    Innodata
      Isogen, Inc.

    Three
      University Plaza

    Suite
      506

    Hackensack,
      New Jersey 07601

    U.S.A.

    Attention:
      Office of the General Counsel

    

    To
      the
      Executive:

    

    Ashok
      Mishra

    A-63,
      Sector-53

    Noida
      -
      201307, India

    

    Either
      party hereto may designate a different address by providing written notice
      of
      such new address to the other party hereto as provided above. A copy of each
      notice to the Company shall be forwarded to Ms. Felice B. Ekelman, Esq., Jackson
      Lewis LLP, 59 Maiden Lane, New York, NY 10038-4502, U.S.A. All such copies
      shall
      be given in the manner provided for notices in this Paragraph
      11(a).

    

    
      	 	
              (b)

            	
              Severability.
                If any provision contained in this Agreement shall be determined
                to be
                void, illegal or unenforceable, in whole or in part, then the other
                provisions contained herein shall remain in full force and effect
                as if
                the provision which was determined to be void, illegal, or unenforceable
                had not been contained herein. 

            

    

    

    
      	 	
              (c)

            	
              Waiver
                and Modification.
                The waiver by any party hereto of a breach of any provision of this
                Agreement shall not operate or be construed as a waiver of any subsequent
                breach of any party. This Agreement may not be modified, altered
                or
                amended except by written agreement of both of the parties
                hereto.

            

    

    

    
      	 	
              (d)

            	
              Integration.
                This Agreement constitutes the entire agreement between the parties
                relating to the subject matter contained herein and supersedes any
                and all
                other prior agreements, oral or written between Executive and Innodata
                Isogen and its subsidiaries, and all other negotiations and communications
                between the parties, relating to the subject matter hereof, including,
                without limitation, any employment of the Executive by an Innodata
                Isogen
                subsidiary, except for (i) the “Agreement Concerning Confidentiality and
                Non-Disclosure” signed by the Executive on December 27, 1997, which shall
                remain in full force and effect; and (iii) any official employee
                benefit
                plan documents, the terms and conditions of which shall be controlling.
                

            

    

     

    
      
        
        

      

      
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              (e)

            	
              Binding
                Effect.
                This Agreement shall be binding upon and shall inure to the benefit
                of the
                Company and its subsidiaries and affiliates and their successors
                and
                permitted assigns, and upon the Executive, his heirs and his executors
                and
                administrators. This Agreement is not assignable by the Executive,
                but may
                be assigned by Innodata Isogen. 

            

    

    

    
      	 	
              (f)

            	
              Jurisdiction,
                Etc.
                Executive hereby consents to the jurisdiction of the courts of the
                State
                of New Jersey, County of Bergen, and the United States District Court,
                District of New Jersey, U.S.A. with respect to any claims or disputes
                arising from or in connection with this Agreement, except that the
                Company
                and/or its subsidiaries and affiliates shall not be precluded hereunder
                from seeking injunctive or other equitable relief in any federal,
                state or
                local court pursuant to Paragraph 9(e) above. Service of process
                shall be
                effective when forwarded in the manner provided for notices in Paragraph
                11(a). Trial by jury is hereby waived by both of the parties to this
                Agreement. The prevailing party in any dispute shall be entitled
                to
                recover reasonable attorneys' fees and costs from the other.
                

            

    

    

    
      	 	
              (g)

            	
              Governing
                Law.
                This Agreement shall be governed by and construed in accordance with
                the
                laws of the State of New Jersey, U.S.A. without regard to its conflicts
                of
                law principles. 

            

    

    

    
      	 	
              (h)

            	
              Survival.
                The obligations of the parties hereto contained in Paragraphs 7,
                8, 9, 10,
                and 11 shall survive the termination of this Agreement.
                

            

    

     

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

    
      	 	 	 
	 	Innodata Isogen, Inc.
	 
 	 
 	 
 
	
            	By:  	/s/ Jack S. Abuhoff
	 	
              
Jack
              S. Abuhoff
	 	Its: Chairman
              and CEO

    
      	 	 	 
	
            	        
              	/s/ Ashok Mishra
	 	
              
Ashok
              Mishra

    

     

    
      
        
        

      

      
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          11
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    Appendix
      “A”

     

    CONSENT
      OF THE EMPLOYING SUBSIDIARIES:

    

    We
      hereby
      agree to employ the Executive on the terms and conditions set forth in the
      Agreement between Innodata Isogen, Inc. and Ashok Mishra dated as of the
      1st
      day of
      January 2007:

    

    Innodata
      XML Content Factory Inc.

    
      	 	 	 	 
	 	 	 	 
	By: /s/
              Jack S. Abuhoff	 	 	
            
	
              
                

              

              Its:
President

            	 	 	
            

     

    INNODATA
      ISOGEN PVT. LTD.

    
      	 	 	 	 
	 	 	 	 
	By: /s/
              Jack S. Abuhoff	 	 	
            
	
              
                

              

              Its:
President

            	 	 	
            

    

     

    
      
        
        

      

      
        Page
          12
          of 12

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