Document:

REGISTRATION
RIGHTS AGREEMENT

    

    THIS REGISTRATION RIGHTS
AGREEMENT (the “Agreement”) is made and entered into as of the 12th day of
January, 2010, by SPECTRUMDNA, INC., a Delaware corporation (the “Company”), in
favor of each of the investors who have or will have purchased Units (the
“Units”) of the Company offered in a private placement by the Company (the
“Offering”), with each Unit consisting of one million (1,000,000) shares of
Common Stock, par value $.001 per share (the “Common Stock”), of the Company,
and one million (1,000,000) Common Stock Purchase Warrants (individually, the
“Warrant”, and collectively, the “Warrants”), with each Warrant entitling the
holder thereof to purchase at any time from the final closing of the Offering
through five (5) years thereafter one share of Common Stock at a price of
$0.25 per share.   Such investors or permitted transferees who is
a subsequent holder of any Warrant or Registrable Securities (as hereinafter
defined) are each referred to herein as an “Investor” and, collectively, as the
“Investors”.  Any party exercising any rights pursuant to this
Agreement shall execute a counterpart signature page hereto and shall be bound
to all of the terms and conditions of this Agreement.

    

    WHEREAS, in connection with
certain Subscription Agreements among the Investors and the Company (the
“Subscription Agreements”), which have been executed in connection with the
Offering, the Company has agreed, upon the terms and conditions of the
Subscription Agreements to issue and sell to the Investors an aggregate of up to
twenty (20) Units, subject to an over-allotment of up to an additional five (5)
Units.

    

    NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the
parties hereto agree as follows:

    

    1.          
  Definitions.

    

    Capitalized terms used herein without
definition shall have the respective meanings given such terms as set forth in
the Subscription Agreements or in the Company’s Confidential Private Placement
Memorandum, dated as of September 15, 2009, as amended or
supplemented.  As used herein, the following terms shall have the
following meanings:

    

    Commission:  The
United States Securities and Exchange Commission.

    

    Person:  Any
individual, corporation, partnership, joint venture, association, joint stock
company, trust, unincorporated organization or government or other agency or
political subdivision thereof.

    

    Prospectus:  The
prospectus included in any Registration Statement (including, without
limitation, a prospectus that discloses information previously omitted from a
prospectus filed as part of an effective registration statement in reliance upon
Rule 430A promulgated under the Securities Act), as amended or supplemented by
any prospectus supplement, with respect to the terms of the offering of any
portion of the Registrable Securities covered by such Registration Statement,
and all other amendments and supplements to the prospectus, including
post-effective amendments, and all material incorporated by reference or deemed
to be incorporated by reference in such prospectus.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Registrable
Securities:  The shares of Common Stock included in the Units
and the shares of Common Stock underlying the Warrants included in the Units,
until such time as (i) a Registration Statement covering such Registrable
Securities has been declared effective by the Commission and such Registrable
Securities have been disposed of pursuant to such effective Registration
Statement or (ii) such Registrable Securities are saleable pursuant to Rule 144
(or any similar provision then in force) under the Securities Act, without
limitation on volume or manner of sale, whichever is earlier.

    

    Registration
Statement:  Any registration statement of the Company that
covers any of the Registrable Securities pursuant to the provisions of this
Agreement, including the Prospectus, amendments and supplements to such
registration statements, including post effective amendments, all exhibits, and
all material incorporated by reference or deemed to be incorporated by reference
in such registration statement.

    

    Securities
Act:  The Securities Act of 1933, as amended, and the rules and
regulations of the Commission promulgated thereunder.

    

    2.           
Registration Rights.
Within sixty (60) days following the final closing of the Offering, the Company
shall prepare and file with the Commission an appropriate Registration Statement
for the purpose of registering for public resale the Registrable Securities sold
to the Investors pursuant to the Subscription Agreements or held by an
Investor.  The Company shall use its good faith best efforts to ensure
that the Registration Statement is declared effective within one hundred eighty
(180) days of such closing.  The Company will agree to take all
actions as are necessary to keep the Registration Statement effective until the
date on which all Registrable Securities purchased by the Investors or held by
an Investor may be sold without limitation on volume or manner of sale in
accordance with all rules and regulations regarding sales of securities pursuant
to Rule 144.  Each Investor shall respond promptly and accurately to
Company’s request at reasonable intervals regarding the amount of Registrable
Securities then held by such Investor.

    

    3.            Registration
Procedures.  In connection with the registration obligations of
the Company pursuant to the terms and conditions of this Agreement, the Company
shall:

    

      
 (a)           As
promptly as practicable prepare and file with the Commission such amendments and
post-effective amendments to the Registration Statement as may be necessary to
keep such Registration Statement effective for the period required pursuant to
Section 2; cause the Prospectus to be supplemented by any required Prospectus
supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the
Securities Act; and comply with the provisions of the Securities Act applicable
to it with respect to the disposition of all Registrable Securities covered by
such Registration Statement during the applicable period in accordance with the
intended methods of disposition by the Investors covered by such Registration
Statement (sometimes herein referred to as the “Selling Holders”) set forth in
such Registration Statement or supplement to the Prospectus;

    
      
         

      

      
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    (b)           As
promptly as practicable furnish to any Selling Holder and the underwriters, if
any, without charge, such number or conformed copies of such Registration
Statement and any post-effective amendment thereto and such number of copies of
the Prospectus (including each preliminary Prospectus) and any amendments or
supplements thereto, and any documents incorporated by reference therein, as
such Selling Holder or underwriter may reasonably request in order to facilitate
the disposition of the Registrable Securities being sold by such Selling Holder
(it being understood that the Company consents to the use of the Prospectus and
any amendment or supplement thereto by each Selling Holder and the underwriters,
if any, in connection with the offering and sale of the Registrable Securities
covered by the Prospectus or any amendment or supplement thereto);

    

    (c)           On
or prior to the date on which the Registration Statement is declared effective,
register or qualify such Registrable Securities under such other securities or
“blue sky” laws of such jurisdictions as any Selling Holder or underwriter, if
any, reasonably requests and do any and all other acts and things which may be
necessary or advisable to enable such Selling Holder to consummate the
disposition in such jurisdictions of such Registrable Securities owned by such
Selling Holder; keep each such registration or qualification (or exemption
therefrom) effective during the period which the Registration Statement is
required to be kept effective; and do any and all other acts or things
reasonably necessary or advisable to enable the disposition in such
jurisdictions of the Registrable Securities covered by the applicable
Registration Statement; provided that the
Company shall not be required to (i) qualify to do business as a foreign
corporation or as a broker-dealer in any jurisdiction where it is not then so
qualified or (ii) take any action which would subject it to general service of
process or to taxation in any jurisdiction where it is not then so
subject;

    

    (d)           Cause
the Registrable Securities covered by such Registration Statement to be
registered with or approved by such other governmental agencies or authorities
as may be necessary by virtue of the business and operations of the Company to
enable the Selling Holders to consummate the disposition of such Registrable
Securities;

    

    (e)           As
promptly as practicable notify each Selling Holder, and any underwriter, if any,
(i) when a Prospectus or any Prospectus supplement or post-effective amendment
has been filed and, with respect to a Registration Statement or any
post-effective amendment, when the same has become effective, (ii) of any
request by the Commission or any other federal or state governmental authority
for amendments or supplements to a Registration Statement or related Prospectus
or for additional information to be included in any Registration Statement or
Prospectus or otherwise, (iii) of the issuance by the Commission of any stop
order suspending the effectiveness of a Registration Statement or the initiation
or threatening of any proceedings for that purpose, (iv) of the issuance by any
state securities commission or other regulatory authority of any order
suspending the qualification or exemption from qualification of any of the
Registrable Securities under state securities or “blue sky” laws or the
initiation of any proceedings for that purpose and (v) of the happening of any
event which makes any statement made in a Registration Statement or related
Prospectus or any document incorporated or deemed to be incorporated by
reference therein untrue or which requires the making of any changes in such
Registration Statement, Prospectus or documents so that they 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 not
misleading; and, as promptly as practicable thereafter, prepare and file with
the Commission and furnish a supplement or amendment to such Prospectus so that,
as thereafter deliverable to the purchasers of such Registrable Securities, such
Prospectus will not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading; and

    
      
         

      

      
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    (f)           Use
its reasonable efforts to prevent the issuance of any order suspending the
effectiveness of a Registration Statement, and, if one is issued, to obtain the
withdrawal of any order suspending the effectiveness of a Registration Statement
at the earliest possible moment.

    

    Each Selling Holder, upon receipt of
any notice from the Company of the happening of any event of the kind described
in subsection (f) of this Section 3, shall forthwith discontinue disposition of
the Registrable Securities until such Selling Holder’s receipt of the copies of
the supplemented or amended Prospectus contemplated by subsection (f) of this
Section 3 or until it is advised in writing by the Company that the use of the
Prospectus may be resumed, and has received copies of any additional or
supplemental filings which are incorporated by reference in the Prospectus, and,
if so directed by the Company, such Selling Holder will, or will request the
managing underwriter or underwriters, if any, to, deliver to the Company (at the
Company’s expense) all copies, other than permanent file copies then in such
Selling Holder’s possession, of the Prospectus covering such Registrable
Securities current at the time of receipt of such notice.

    

    The Company may require each Selling
Holder of Registrable Securities covered by a Registration Statement to furnish
to the Company such information and undertakings regarding such Selling Holder
and the distribution of such Registrable Securities as the Company may from time
to time reasonably request in writing or as shall be required by law in
connection therewith.

    

    4.            Registration
Expenses.  All expenses, other than underwriting discounts and
commissions and other fees and expenses of investment bankers, other brokerage
commissions and legal fees of an Investor or Investors, incident to the
Company’s performance of, or compliance with the provisions hereof, including,
without limitation, all registration, listing, and qualification fees, printing
and accounting fees, and the fees and disbursements of counsel for the Company,
with respect to the Registration Statement filed pursuant hereto, shall be borne
by the Company.

     

    5.            Indemnification;
Contribution.

    

    (a)           Indemnification by the
Company.  The Company agrees to indemnify and hold harmless, to
the full extent permitted by law, each Investor, its officers, directors and
each Person who controls such Investor (within the meaning of the Securities
Act), and any agent or investment adviser thereof, against all losses, claims,
damages, liabilities and expenses (including reasonable attorneys’ fees and
costs of investigation) arising out of or based upon any untrue or alleged
untrue statement of material fact contained in any Registration Statement, any
amendment or supplement thereto, any Prospectus or preliminary Prospectus or any
omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading,
except insofar as the same arise out of or are based upon any such untrue
statement or omission based upon information with respect to such Investor
furnished in writing to the Company by or on behalf of such Investor expressly
for use therein; provided that, in the
event that the Prospectus shall have been amended or supplemented and copies
thereof as so amended or supplemented, shall have been furnished to an Investor
prior to the confirmation of any sales of Registrable Securities, such indemnity
with respect to the Prospectus shall not inure to the benefit of such Investor
if the Person asserting such loss, claim, damage or liability and who purchased
the Registrable Securities from such Investor did not, at or prior to the
confirmation of the sale of the Registrable Securities to such Person, receive a
copy of the Prospectus as so amended or supplemented and the untrue statement or
omission of a material fact contained in the Prospectus was corrected in the
Prospectus as so amended or supplemented.

    
      
         

      

      
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    (b)           Indemnification by
Investors.  In connection with any Registration Statement in
which an Investor is participating, each such Investor will furnish to the
Company in writing such information with respect to the name and address of such
Investor and such other information as may be reasonably required for use in
connection with any such Registration Statement or Prospectus and agrees to
indemnity, to the full extent permitted by law, the Company, its directors and
officers and each Person who controls the Company (within the meaning of the
Securities Act) against any losses, claims, damages, liabilities and expenses
resulting from any untrue statement of a material fact in the Registration
Statement or Prospectus or any amendment thereof or supplement thereto or
necessary to make the statements therein not misleading, to the extent, but only
to the extent, that such untrue or alleged untrue statement relates to any
information with respect to such Investor so furnished in writing by such
Investor specifically for inclusion in any Prospectus or Registration Statement;
provided,
however, that such Investor shall not be liable in any such case to the
extent that prior to the filing of any such Registration Statement or Prospectus
or amendment thereof or supplement thereto, such Investor has furnished in
writing to the Company information expressly for use in such Registration
Statement or Prospectus or any amendment thereof or supplement thereto which
corrected or made not misleading information previously furnished to the
Company.  In no event shall the liability of any Selling Investor
hereunder be greater in amount than the dollar amount of the proceeds received
by such Selling Investor upon the sale of the Registrable Securities giving rise
to such indemnification obligation.

    

    (c)           Conduct of Indemnification
Proceedings.  Any Person entitled to indemnification hereunder
agrees to give prompt written notice to the indemnifying party after the receipt
by such Person of any written notice of the commencement of any action, suit,
proceeding or investigation or threat thereof made in writing for which such
Person will claim indemnification or contribution pursuant to the provisions
hereof and, unless in the judgment of counsel of such indemnified party a
conflict of interest may exist between such indemnified party and the
indemnifying party with respect to such claim, permit the indemnifying party to
assume the defense of such claim.  Whether or not such defense is
assumed by the indemnifying party, the indemnifying party will not be subject to
any liability for any settlement made without its consent (but such consent will
not be unreasonably withheld).  No indemnifying party will consent to
entry of any judgment or enter into any settlement which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such
indemnified party of a release from all liability in respect of such claim or
litigation.  If the indemnifying party is not entitled to, or elects
not to, assume the defense of a claim, it will not be obligated to pay the fees
and expenses of more than one counsel (plus such local counsel, if any, as may
be reasonably required in other jurisdictions) with respect to such claim,
unless in the judgment of any indemnified party a conflict of interest may exist
between such indemnified party and any other of such indemnified parties with
respect to such claim, in which event the indemnifying party shall be obligated
to pay the fees and expenses of such additional counsel or
counsels.  For the purposes of this Section 5(c), the term “conflict
of interest” shall mean that there are one or more legal defenses available to
the indemnified party that are different from or additional to those available
to the indemnifying party or such other indemnified parties, as applicable,
which different or additional defenses make joint representation
inappropriate.

    
      
         

      

      
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    (d)           Contribution.  If
the indemnification from the indemnifying party provided for in this Section 5
is unavailable to an indemnified party hereunder in respect of any losses,
claims, damages, liabilities or expenses referred to therein, then the
indemnifying party, in lieu of indemnifying such indemnified party, shall
contribute to the amount paid or payable by such indemnified party as a result
of such losses, claims, damages, liabilities or expenses in such proportion as
is appropriate to reflect the relative fault of the indemnifying party and
indemnified parties in connection with the actions which resulted in such
losses, claims, damages, liabilities or expenses, as well as any other relevant
equitable considerations.  The relative fault of such indemnifying
party and indemnified parties shall be determined by reference to, among other
things, whether any action in question, including any untrue or alleged untrue
statement of a material fact, has been made by, or relates to information
supplied by, such indemnifying party or indemnified parties, and the parties
intent, knowledge, access to information and opportunity to correct or prevent
such action.  The amount paid or payable by a party as a result of the
losses, claims, damages, liabilities and expenses referred to above shall be
deemed to include, subject to the limitations set forth in Section 5(c), any
reasonable legal or other fees or expenses reasonably incurred by such party in
connection with any investigation or proceeding. No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.

    

    (e)           If
indemnification is available under this Section 5, the indemnifying parties
shall indemnity each indemnified party to the full extent provided in Sections
5(a) and (b) without regard to the relative fault of said indemnifying party or
indemnified party or any other equitable consideration provided for in this
Section 5.

    

    6.           Transfer of
Rights.  The rights to cause the Company to register
Registrable Securities granted pursuant to the provisions hereof may be
transferred or assigned by any Investor to a transferee or assignee; provided; however,
that the transferee or assignee of such rights assumes the obligations of such
transferor or assignor, as the case may be, hereunder.

    

    7.           
Miscellaneous.

    

    (a)           Amendment.  Except
as otherwise provided herein, the provisions hereof may not be amended, modified
or supplemented, and waivers or consents to departures from the provisions
hereof may not be given unless the Company has obtained the written consent of
Investors of at least a majority of the aggregate number of the Registrable
Securities then outstanding.

    

    (b)           Successors and
Assigns.  This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of each of the parties, including
without limitation and without the need for an express assignment, subsequent
Investors of Registrable Securities.

    

           
    (c)         Counterparts. This Agreement
may be executed in any number of counterparts and by the parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same
agreement.

    

                (d)         Headings. The headings in this
Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof.

    
      
         

      

      
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                (e)           Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of the State of
Delaware without reference to its conflicts of law provisions.

    

        
       (f)           Severability. In the event
that any one or more of the provisions contained herein, or the application
hereof in any circumstance is held invalid, illegal or unenforceable, the
validity, legality and enforceability of any such provisions in every other
respect and of the remaining provisions contained herein shall not be affected
or impaired thereby.

    

       
        (g)           Entire Agreement. This
Agreement is intended by the parties as a final expression of their agreement
and intended to be a complete and exclusive statement of this agreement and
understanding of the parties hereto in respect of the subject matter contained
herein. There are no restrictions, promises, warranties or undertakings, other
than those set forth or referred to herein, concerning the registration rights
granted by the Company pursuant to this Agreement.

    

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
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    IN WITNESS WHEREOF, the
undersigned has caused this Agreement to be executed as of the date first
written above.

    

    
      
        
          	
                  SPECTRUMDNA,
      INC.

                
	 
      	 
      
	
                  By:

                	 
      
	
                  Name:

                	
                  James
      A. Banister

                
	
                  Title:

                	
                  CEO

                

        

      

    

     

    
      
         

      

      
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    REGISTRATION RIGHTS
AGREEMENT

    

    Counterpart Signature
Page

    

    Reference is hereby made to the
Registration Rights Agreement dated as of January 12, 2010 (the “Agreement”) by
SpectrumDNA, Inc. (the “Company”) in favor of each of the Investors (as defined
in the Agreement).  By execution of this Counterpart Signature Page to
the Agreement, the undersigned hereby: (a) acknowledges receipt of a copy of the
Agreement and (b) agrees to be bound by and obtain the benefit of the rights and
restrictions of the Agreement.

    

    IN WITNESS WHEREOF, this Counterpart
Signature Page has been executed as of the ______ day of ________________,
2010.

    

    
      
        
          
            
              
                	
                         

                      
	
                        Print
      Name of Investor(s)

                      
	 
      
	
                         

                      
	 
      
	
                         

                      
	
                        Signature(s)
      (and Title, if applicable)

                      
	 
      
	
                         

                      

              

            

          

        

      

    

    
      
         

      

      
        9Exhibit 10.1

     

    REGISTRATION
RIGHTS AGREEMENT

     

    THIS
REGISTRATION RIGHTS AGREEMENT (“Agreement”) made as
of this 15th day of January, 2010, by and among SRKP 22, Inc., a Delaware
corporation (the “Company”); China
Intelligent Electronic Holding Limited, a British Virgin Islands
corporation and upon the Closing Date (as defined below) a 100%-owned subsidiary
of the Company ("China
Intelligent"); and the undersigned (each a “Holder” and together
the “Holders”).

     

    WHEREAS,
the Company, China Intelligent, and the sole shareholder of China Intelligent
are parties to a certain Share Exchange Agreement dated as of October 20, 2009,
as amended on November 25, 2009 and January 15, 2010 (the “Exchange Agreement”),
pursuant to which China Intelligent will become a 100%-owned subsidiary of the
Company and 100% of the outstanding securities of China Intelligent will be
exchanged for securities in the Company (the “Share
Exchange”);

     

    WHEREAS,
immediately after the final closing of the private placement that is being
conducted in conjunction with the Share Exchange (the “Closing Date”), the
Company will assume the business and operations of China
Intelligent;

     

    WHEREAS,
the Company agreed to file, within thirty (30) days after the Closing Date with
the U.S. Securities and Exchange Commission (the “Commission” or “SEC”) a registration
statement (the “Initial Registration
Statement”) covering the resale of shares issued in connection with the
Company’s private offering that closed concurrently with the Share Exchange;
and

     

    WHEREAS,
as set forth in Section 9.1 of the Exchange Agreement, and as a condition to the
closing of the Share Exchange, the Company agreed to enter into a registration
rights agreement requiring the Company to file with the Commission, within the
time periods as set forth herein, a registration statement covering the resale
of shares of Common Stock of the Company, as set forth on Schedule I hereof
(the “Shares”),
held by those persons (and/or their designees) that are stockholders of the
Company immediately prior to the Closing Date (“Holders”).

     

    NOW,
THEREFORE, for and in consideration of the promises and the mutual covenants
hereinafter set forth, the parties hereto do hereby agree as
follows:

     

    
      
        
        

      

      
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    1.            
Registration
Rights

    1.1           Registration
Requirement.  Subject to the terms and limitations hereof, the
parties hereto agree and acknowledge that the Company shall prepare and file a
registration statement (the “Registration
Statement”) on Form S-1 or other appropriate registration document under
the Securities Act of 1933, as amended (the “Act”) for resale of
the Shares (the “Registrable
Securities”) and shall use its reasonable best efforts to maintain the
Registration Statement effective for a period of twelve (12) months at the
Company’s expense (the “Effectiveness
Period”).  The Company shall file such Registration Statement
no later than the tenth (10th) day
after the end of the six (6) month period that immediately follows the filing
date of the Initial Registration Statement (the “Required Filing
Date”), provided that if such day is not a Business Day, then the
Required Filing Date shall be the next business day thereafter.  The
Company shall use reasonable best efforts to cause such Registration Statement
to become effective within one hundred fifty (150) days after the Required
Filing Date or the actual filing date, whichever is earlier, or one hundred
eighty (180) days after the Required Filing Date or the actual filing date,
whichever is earlier, if the Registration Statement is subject to a full review
by the SEC (the “Required Effectiveness
Date”).  If the Company fails to file the Registration
Statement by the Required Filing Date or if the Registration Statement does not
become effective on or before the Required Effectiveness Date due to the failure
of the Company to fulfill its obligations hereunder, the Company shall be
required to issue, as liquidated damages, to each of the Holders shares (the
“Penalty
Shares”) equal to a total of 0.0333% of their respective Shares for each
calendar day that the Registration Statement has not been filed or declared
effective by the SEC (and until the Registration Statement is filed with or
declared effective by the SEC), as applicable.

     

    1.2           Limitation to Registration
Requirement.  Notwithstanding the foregoing, no Penalty Shares
shall be due to the Holders if the Company is using its best efforts to cause
the Registration Statement to be filed and declared effective in a timely
manner.  In addition, the Company shall not be obligated to effect any
registration of the Registrable Securities or take any other action pursuant to
this Section 1: (i) in any particular jurisdiction in which the Company would be
required to execute a general consent to service of process in effecting such
registration, qualification or compliance unless the Company is already subject
to service in such jurisdiction and except as may be required by the Act; or
(ii) during any period in which the Company suspends the rights of a Holder
after giving the Holder written notification of a Potential Material Event
(defined below) pursuant to Section 1.6 hereof.

     

    1.3           Expenses of
Registration.  Except as otherwise expressly set forth herein,
the Company shall bear all expenses incurred by the Company in compliance with
the registration obligation of the Company, including, without limitation, all
registration and filing fees, printing expenses, fees and disbursements of
counsel for the Company incurred in connection with any registration,
qualification or compliance pursuant to this Agreement and all underwriting
discounts, selling commissions and expense allowances applicable to the sale of
any securities by the Company for its own account in any
registration.  All underwriting discounts, selling commissions and
expense allowances applicable to the sale by a Holder of Registrable Securities
and all fees and disbursements of counsel for a Holder shall be borne by the
Holder.

     

    
      
        
        

      

      
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    1.4           Indemnification.

    (a)           To
the extent permitted by law the Company will indemnify each Holder, each of its
officers, directors, agents, employees and partners, and each person controlling
such Holder, with respect to each registration, qualification or compliance
effected pursuant to this Agreement, and each underwriter, if any, and each
person who controls any underwriter, and their respective counsel against all
claims, losses, damages and liabilities (or actions, proceedings or settlements
in respect thereof) arising out of or based on (i) any untrue statement (or
alleged untrue statement) of a material fact contained in any prospectus,
offering circular or other document prepared by the Company (including any
related registration statement, notification or the like) incident to any such
registration, qualification or compliance, or (ii) any omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, or any violation by the
Company of the Act or any rule or regulation thereunder applicable to the
Company and relating to action or inaction required of the Company in connection
with any such registration, qualification or compliance, and subject to the
provisions of Section 1.4(c) below, will reimburse each such Holder, each of its
officers, directors, agents, employees and partners, and each person controlling
such Holder, each such underwriter and each person who controls any such
underwriter, for any legal and any other expenses as they are reasonably
incurred in connection with investigating and defending any such claim, loss,
damage, liability or action, provided that the Company will not be liable in any
such case to the extent that any such claim, loss, damage, liability or expense
arises out of or is based on any untrue statement (or alleged untrue statement)
or omission (or alleged omissions) based upon written information furnished to
the Company by (or on behalf of) such Holder or underwriter, or if the person
asserting any such loss, claim, damage or liability (or action or proceeding in
respect thereof) did not receive a copy of an amended preliminary prospectus or
the final prospectus (or the final prospectus as amended and supplemented) at or
before the written confirmation of the sale of such Registrable Securities to
such person because of the failure of the Holder or underwriter to so provide
such amended preliminary or final prospectus (or the final prospectus as amended
and supplemented); provided, however,
that the indemnity agreement contained in this subsection shall not apply to
amounts paid in settlement of any such loss, claim, damage, liability or action
if such settlement is effected without the consent of the Company (which consent
shall not be unreasonably withheld), nor shall the Company be liable in any such
case for any such loss, claim, damage, liability or action to the extent that it
arises out of or is based upon a violation which occurs in reliance upon and in
conformity with written information furnished expressly for use in connection
with such registration by the Holder, any such partner, officer, director,
employee, agent or controlling person of such Holder, or any such underwriter or
any person who controls any such underwriter; provided, however, that the
obligations of the Company hereunder shall be limited to an amount equal to the
portion of net proceeds represented by the Registrable Securities pursuant to
this Agreement.

     

    (b)           To
the extent permitted by law, each Holder whose Registrable Securities are
included in any registration, qualification or compliance effected pursuant to
this Agreement will indemnify the Company, and its directors, officers, agents,
employees and each underwriter, if any, of the Company’s securities covered by
such a registration statement, each person who controls the Company or such
underwriter within the meaning of the Act and the rules and regulations
thereunder, each other such Holder and each of their officers, directors,
partners, agents and  employees, and each person controlling such
Holder, and their respective counsel against all claims, losses, damages and
liabilities (or actions in respect thereof) arising out of or based on any
untrue statement (or alleged untrue statement) of a material fact contained in
any such registration statement, prospectus, offering circular or other
document, or any omission (or alleged omission) to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, and will reimburse the Company and such Holders, directors,
officers, partners, persons, underwriters or control persons for any legal or
any other expenses as they are reasonably incurred in connection with
investigating or defending any such claim, loss, damage, liability or action, in
each case to the extent, but only to the extent, that such untrue statement (or
alleged untrue statement) or omission (or alleged omission) is made in such
registration statement, prospectus, offering circular or other document in
reliance upon and in conformity with written information furnished to the
Company by such Holder; provided, however, that the
obligations of any Holder hereunder shall be limited to an amount equal to the
net proceeds to such Holder from Registrable Securities sold under such
registration statement, prospectus, offering circular or other document as
contemplated herein; provided, further, that the indemnity agreement contained
in this subsection shall not apply to amounts paid in settlement of any such
loss, claim, damage, liability or action if such settlement is effected without
the consent of the Holder, which consent shall not be unreasonably withheld or
delayed.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (c)           Each
party entitled to indemnification under this Section (the “Indemnified Party”)
shall give notice to the party required to provide indemnification (the “Indemnifying Party”)
promptly after such Indemnified Party has actual knowledge of any claim as to
which indemnity may be sought, and shall permit the Indemnifying Party to assume
the defense of any such claim or any litigation resulting therefrom, provided
that counsel for the Indemnifying Party, who shall conduct the defense of such
claim or any litigation resulting therefrom, shall be approved by the
Indemnified Party (whose approval shall not unreasonably be withheld or
delayed), and the Indemnified Party may participate in such defense at such
party’s expense; and provided further that if any Indemnified Party reasonably
concludes that there may be one or more legal defenses available to it that are
not available to the Indemnifying Party, or that such claim or litigation
involves or could have an effect on matters beyond the scope of this Agreement,
then the Indemnified Party may retain its own counsel at the expense of the
Indemnifying Party; and provided further that the failure of any Indemnified
Party to give notice as provided herein shall not relieve the Indemnifying Party
of its obligations under this Agreement unless and only to the extent that such
failure to give notice results in material prejudice to the Indemnifying
Party.  No Indemnifying Party, in the defense of any such claim or
litigation, shall, except with the consent of each Indemnified Party, consent to
entry of any judgment or enter into any settlement which does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect to such claim or
litigation.  Each Indemnified Party shall furnish such information
regarding itself or the claim in question as an Indemnifying Party may
reasonably request in writing and as shall be reasonably required in connection
with defense of such claim and litigation resulting therefrom.

     

    (d)           If
the indemnification provided for in this Section is held by a court of competent
jurisdiction to be unavailable to an Indemnified Party with respect to any loss,
liability, claim, damage or expense referred to herein, then the Indemnifying
Party, in lieu of indemnifying such Indemnified Party hereunder, shall
contribute to the amount paid or payable by such Indemnified Party as a result
of such loss, liability, claim, damage or expense in such proportion as is
appropriate to reflect the relative fault of the Indemnifying Party on the one
hand and of the Indemnified Party on the other in connection with the statements
or omissions which resulted in such loss, liability, claim, damage or expense as
well as any other relevant equitable considerations.  The relative
fault of the Indemnifying Party and of the Indemnified Party shall be determined
by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission to state a material fact relates to
information supplied by the Indemnifying Party or by the Indemnified Party and
the parties’ relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    1.5           Transfer or Assignment of
Registration Rights. The Registrable Securities, and any related benefits
to the Holder hereunder may be transferred or assigned by the Holder to a
permitted transferee or assignee, provided that the Company is given written
notice of such transfer or assignment, stating the name and address of said
transferee or assignee and identifying the Registrable Securities with respect
to which such registration rights are being transferred or assigned; provided
further that the transferee or assignee of such Registrable Securities shall be
deemed to have assumed the obligations of the Holder under this Agreement by the
acceptance of such assignment and shall, upon request from the Company, evidence
such assumption by delivery to the Company of a written agreement assuming such
obligations of the Holder.

     

    1.6           Registration
Procedures.  In the case of the registration effected by the
Company pursuant to this Agreement, the Company will keep the Holder advised in
writing as to the initiation of each registration and as to the completion
thereof.  The Company will:

     

    (a)           Prepare
and file with the SEC such amendments and supplements to such registration
statement and the prospectus used in connection with such registration statement
as may be necessary to comply with the provisions of the Act with respect to the
disposition of securities covered by such registration statement;

     

    (b)           Respond
as promptly as reasonably practicable to any comments received from the SEC with
respect to a registration statement or any amendment thereto;

     

    (c)           Notify
the Holders as promptly as reasonably practicable and (if requested by any such
persons) confirm such notice in writing no later than one trading day following
the day (i) when a prospectus or any prospectus supplement or post-effective
amendment to a registration statement is proposed to be filed and (ii) with
respect to a registration statement or any post-effective amendment, when the
same has become effective;

     

    (d)           Furnish
such number of prospectuses and other documents incident thereto, including
supplements and amendments, as the Holders may reasonably request;

     

    (e)           Furnish
to the Holders, upon request, a copy of all documents filed with and all
correspondence from or to the SEC in connection with any such registration
statement other than non-substantive cover letters and the like;

     

    (f)           Use
its reasonable best efforts to avoid the issuance of, or, if issued, obtain the
withdrawal of (i) any order suspending the effectiveness of a registration
statement, or (ii) any suspension of the qualification (or exemption from
qualification) of any of the Registrable Securities for sale in any
jurisdiction, at the earliest practicable moment; and

     

    (g)           Use
its reasonable best efforts to comply with all applicable rules and regulations
of the SEC.

     

    Notwithstanding
the foregoing, if at any time or from time to time after the date hereof, the
Company notifies the Holders in writing of the existence of an event or
circumstance that is not disclosed in the Registration Statement and that may
have a material effect on the Company or its business (a “Potential Material
Event”), the Holders shall not offer or sell any Registrable Securities,
or engage in any other transaction involving or relating to the Registrable
Securities, from the time of the giving of notice with respect to a Potential
Material Event until the Company notifies the Holders that such Potential
Material Event either has been added to the Registration Statement by amendment
or supplement or no longer constitutes a Potential Material Event; provided, that the
Company may not so suspend the right of Holders for more than one hundred twenty
(120) days in the aggregate.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    1.7           Statement of Beneficial
Ownership.  The Company may require each Holder to furnish to
the Company a certified statement as to the number of shares of Common Stock
beneficially owned, including derivative instruments underlying Common
Stock,  by such Holder and the controlling person thereof and any
other such information regarding the Holder, the Registrable Securities held by
the Holder and the intended method of disposition of such securities as shall be
reasonably required with respect to the registration of the Holder’s Registrable
Securities.  Each Holder hereby understands and agrees that the
Company may, in its sole discretion, exclude the Holder’s shares of Common Stock
from the Registration Statement in the event that the Holder fails to provide
such information requested by the Company within the time period reasonably
specified by the Company or is required to do so by law or the SEC.

     

    1.8           Compliance.  Each
Holder covenants and agrees that he, she or it will comply with the prospectus
delivery requirements of the Act as applicable to such Holder in connection with
sales of Registrable Securities pursuant to the registration statement required
hereunder.

     

    1.9           Piggy-Back
Registrations.  If at any time during the Effectiveness Period
there is not an effective registration statement covering all of the Registrable
Securities and the Company shall determine to prepare and file with the SEC a
registration statement relating to an offering for its own account or the
account of others under the Act of any of its Common Stock, other than an
offering of securities issued pursuant to a Strategic Issuance (as defined
below) and other than a Form S-4 or Form S-8 registration statement (each as
promulgated under the Act or their then equivalents relating to equity
securities to be issued solely in connection with any business combination
transaction, acquisition of any entity or business or equity securities issuable
in connection with stock option or other employee benefit plans), then the
Company shall send to the  Holders (together with any other holders of
its Common Stock possessing “piggyback registration rights” comparable to those
granted to the Holders hereunder (“Rightsholders”))
written notice of such determination and, if within fifteen (15) days after
receipt of such notice, a Holder shall so request in writing, the Company shall
include in such registration statement all or any part of such Registrable
Securities such Holder requests to be registered; provided that the Company
shall not be required to register any Registrable Securities pursuant to this
Section that are eligible for resale pursuant to Rule 144 promulgated under the
Act; and provided further that the Company may, without the consent of the
Holder, withdraw such registration statement before its becoming effective if
the Company or other stockholders have elected to abandon the proposal to
register the securities proposed to be registered thereunder.  If the
registration statement is being filed for an underwritten public offering, a
Holder must timely execute and deliver the usual and customary agreement among
the Company, such Holder and the underwriters relating to the
registration.  If the registration statement is being filed for an
underwritten offer and sale by the Company of securities for its own account and
the managing underwriters advise the Company in writing that in their opinion
the offering contemplated by the registration statement cannot be successfully
completed if the Company were to also register the Registrable Shares of the
Holders requested to be included in such registration statement, then the
Company will include in the registration: (i) first, any securities the Company
proposes to sell, (ii) second, any securities of any person whose securities are
being registered as a result of the exercise of a demand registration right, and
(iii) third, that portion of the aggregate number of shares being requested for
inclusion in the registration statement by (X) the Holders and (Y) all other
Rightsholders, which in the opinion of such managing underwriters can
successfully be sold, such number of shares to be taken pro rata from the
Rightsholders on the basis of the total number of shares being requested for
inclusion in the registration statement by each Rightsholder.  “Strategic Issuance”
shall mean an issuance of securities: (i) in connection with a “corporate
partnering” transaction or a “strategic alliance” (as determined by the Board of
Directors of the Company in good faith); (ii) in connection with any financing
transaction in respect of which the Company is a borrower; or (iii) to a vendor,
lessor, lender, or customer of the Company, or a research, manufacturing or
other commercial collaborator of the Company, in a transaction approved by the
Board of Directors, provided in any case, that such issuance is not being made
primarily for the purpose of avoiding compliance with this
Agreement.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    2.            
Miscellaneous

     

    2.1           Any
notice or other communication given hereunder shall be deemed sufficient if in
writing and sent by registered or certified mail, return receipt requested,
addressed to the Company, at China Intelligent Electric Holding Limited, c/o
Hyundai Light & Electric (Huizhou) Company Limited, No. 29 & 31,
Huanzhen Road, Shuikou Town, Huizhou, Guangdong, China, Attention: Ms. Li
Xuemei, with a copy to
(which shall not constitute notice) K&L Gates LLP, 10100 Santa Monica Blvd.,
Seventh Floor, Los Angeles, California 90067, Attention: Thomas J. Poletti,
Esq., and to the Holders at their respective addresses indicated on Schedule I attached
hereto.  Notices shall be deemed to have been given three (3) business
days after the date of mailing, except notices of change of address, which shall
be deemed to have been given when received.

     

    2.2           This
Agreement may only be amended through a written instrument signed by the
Holders, China Intelligent and the Company.

     

    2.3           This
Agreement shall be binding upon and inure to the benefit of the parties hereto
and to their respective heirs, legal representatives, successors and
assigns.  This Agreement sets forth the entire agreement and
understanding between the parties as to the subject matter hereof and merges and
supersedes all prior discussions, agreements and understandings of any and every
nature among them.

     

    2.4           Notwithstanding
the place where this Agreement may be executed by any of the parties hereto, the
parties expressly agree that all the terms and provisions hereof shall be
construed in accordance with and governed by the laws of the State of
Delaware.

     

    2.5           This
Agreement may be executed in counterparts. Upon the execution and delivery of
this Agreement, this Agreement shall become a binding obligation of the parties
hereto.  This Agreement may be executed and delivered by
facsimile.

     

    2.6           The
holding of any provision of this Agreement to be invalid or unenforceable by a
court of competent jurisdiction shall not affect any other provision of this
Agreement, which shall remain in full force and effect.

     

    2.7           It
is agreed that a waiver by either party of a breach of any provision of this
Agreement shall not operate, or be construed, as a waiver of any subsequent
breach by that same party.

     

    2.8           The
parties agree to execute and deliver all such further documents, agreements and
instruments and take such other and further action as may be necessary or
appropriate to carry out the purposes and intent of this
Agreement.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    2.9           The
Company agrees not to disclose the names, addresses or any other information
about the Holders, except as required by law, provided that the Company may
provide information relating to the Holders as required in any registration
statement under the Act that may be filed by the Company pursuant to the
requirements of this Agreement.

     

    2.10           The
obligation of each Holder hereunder is several and not joint with the
obligations of any other Holders (the “Other Holders”), and
each Holder shall not be responsible in any way for the performance of the
obligations of any Other Holders.  Nothing contained herein or in any
other agreement or document delivered at the Closing, and no action taken by a
Holder pursuant hereto, shall be deemed to constitute the Holder and the Other
Holders as a partnership, an association, a joint venture or any other kind of
entity, or create a presumption that the Holder and the Other Holders are in any
way acting in concert with respect to such obligations or the transactions
contemplated by this Agreement.  Each Holder shall be entitled to
protect and enforce the Holder’s rights, including without limitation the rights
arising out of this Agreement, and it shall not be necessary for any Other
Holder to be joined as an additional party in any proceeding for such
purpose.  The language used in this Agreement will be deemed to be the
language chosen by the parties to express their mutual intent, and no rules of
strict construction will be applied against any party.  No Holder is
acting as part of a “group” (as that term is used in Section 13(d) of the
Securities Exchange Act of 1934, as amended) in negotiating and entering into
this Agreement or purchasing the Shares or acquiring, disposing of or voting any
of the underlying shares of Common Stock.  The Company hereby confirms
that it understands and agrees that the Holders are not acting as part of any
such group.

     

    [SIGNATURE
PAGE FOLLOWS]

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

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

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          /s/ Richard Rappaport

                                        
	
                                          Richard
      Rappaport

                                        
	 
      	 
      
	
                                          /s/  Anthony C.
      Pintsopoulos

                                        
	
                                          Anthony
      C. Pintsopoulos

                                        
	 
      	 
      
	
                                          /s/  Kevin
    DePrimio

                                        
	
                                          Kevin
      DePrimio

                                        
	 
      	 
      
	
                                          /s/  Jason
  Stern

                                        
	
                                          Jason
      Stern

                                        
	 
      	 
      
	
                                          Amanda
      Rappaport Trust

                                        
	 
      	 
      
	
                                          By:

                                        	
                                          /s/  Richard
      Rappaport

                                        
	
                                          Name:

                                        	
                                          Richard Rappaport

                                        
	
                                          Title:

                                        	
                                          Trustee

                                        
	 
      	 
      
	
                                          Kailey
      Rappaport Trust

                                        
	 
      	 
      
	
                                          By:

                                        	
                                          /s/     Richard
      Rappaport

                                        
	
                                          Name:

                                        	
                                          Richard Rappaport

                                        
	
                                          Title:

                                        	
                                          Trustee

                                        
	 
      	 
      
	
                                          WestPark
      Capital Financial Services, LLC

                                        
	 
      	 
      
	
                                          By:

                                        	
                                          /s/    Richard
      Rappaport

                                        
	
                                          Name:

                                        	
                                          Richard Rappaport

                                        
	
                                          Title:

                                        	
                                          Chief Executive Officer

                                        
	 
      	 
      
	
                                              /s/   
       Debbie Schwartzberg

                                        
	 
      	 
      
	
                                          Debbie
      Schwartzberg

                                        

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      (signature
page continued on next page)

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                	
                        The
      Julie Schwartzberg Trust dated 2/9/2000

                      
	 
      	 
      
	
                        By:

                      	
                            /s/    
      Debbie Schwartzberg

                      
	 
      	 
      
	
                        Name:

                      	
                        Debbie Schwartzberg

                      
	
                        Title:

                      	
                        Trustee

                      
	 
      	 
      
	
                        The
      David N. Sterling Trust dated 2/3/2000

                      
	 
      	 
      
	
                        By:

                      	
                           /s/     Debbie
      Schwartzberg

                      
	 
      	 
      
	
                        Name:

                      	
                        Debbie Schwartzberg

                      
	
                        Title:

                      	
                        Trustee

                      
	 
      	 
      
	
                            
      /s/      Janine Frisco

                      
	
                        Janine
      Frisco

                      

              

            

          

        

      

    

     

    
      
        	
                SRKP
      22, INC.

              	 
      	
                CHINA
      INTELLIGENT ELECTRONIC

                HOLDING LIMITED

              
	 
      	 
      	       	 
      	 
      
	
                By:

              	
                 
      /s/  Richard
      Rappaport

              	 
      	
                By:

              	
                  /s/  Li
    Xuemei

              
	
                Name:

              	
                Richard Rappaport

              	 
      	
                Name:

              	
                Li Xuemei

              
	
                Title:
      

              	
                President

              	 
      	
                Title:

              	
                Director

              

      

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    

    SCHEDULE
I

    

    HOLDERS
AND REGISTRABLE SECURITIES

    

    
      
        
          
            
              	 
      	 	
                      
                         

                        HOLDER

                      

                    	 	
                      
                        NO. OF SHARES

                        OUTSTANDING

                        BEING REGISTERED

                      

                    	 	 	
                      
                        NO. OF SHARES BEING

                        REGISTERED THAT ARE

                        ISSUABLE UPON

                        EXERCISE OF

                        OUTSTANDING

                        WARRANTS

                      

                    	 
	
                      1.

                    	 	
                      Richard
      Rappaport

                      1900
      Avenue of the Stars, Suite 310

                      Los
      Angeles, CA 90067

                    	 	 	293,759	 	 	 	92,913
      	 
	
                      2.

                    	 	
                      Anthony
      C.  Pintsopoulos

                      c/o
      SRKP 22, Inc.

                      4737
      North Ocean Drive, Suite 207

                      Lauderdale
      by the Sea, FL 33308

                    	 	 	183,600	 	 	 	58,071	 
	
                      3.

                    	 	
                      Kevin
      DePrimio

                      1900
      Avenue of the Stars, Suite 310

                      Los
      Angeles, CA 90067

                    	 	 	64,260	 	 	 	20,325	 
	
                      4.

                    	 	
                      Jason
      Stern

                      1900
      Avenue of the Stars, Suite 310

                      Los
      Angeles, CA 90067

                    	 	 	36,722	 	 	 	11,614	 
	
                      5.

                    	 	
                      Amanda
      Rappaport Trust

                      1900
      Avenue of the Stars, Suite 310

                      Los
      Angeles, CA 90067

                    	 	 	82,620	 	 	 	26,132	 
	
                      6.

                    	 	
                      Kailey
      Rappaport Trust

                      1900
      Avenue of the Stars, Suite 310

                      Los
      Angeles, CA 90067

                    	 	 	82,620	 	 	 	26,132	 
	
                      7.

                    	 	
                      WestPark
      Capital Financial Services, LLC

                      1900
      Avenue of the Stars, Suite 310

                      Los
      Angeles, CA 90067

                    	 	 	1,717,692	 	 	 	1,226,999	 
	
                      8.

                    	 	
                      Debbie
      Schwartzberg

                    	 	 	258,723	 	 	 	81,831	 
	
                      9.

                    	 	
                      The
      Julie Schwartzberg Trust dated 2/9/2000

                    	 	 	25,872	 	 	 	8,183	 
	
                      10.

                    	 	
                      The
      David N. Sterling Trust dated 2/3/2000

                    	 	 	25,872	 	 	 	8,183	 
	
                      11.

                    	 	
                      Janine
      Frisco

                    	 	 	64,260	 	 	 	20,325	 
	 
      	 	 
      	 	 	 	 	 	 	 	 
	 
      	 	
                              TOTALS

                    	 	 	2,836,000	 	 	 	1,580,708	 

            

          

        

      

    

    
      
         

      

      
        11

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