Document:

<PAGE>

EXHIBIT 10.4

                               AGREEMENT TO MERGE

                   FREEDOM HOMES, INC. - HOMES BY OWNERS, INC.

                                 MARCH 25, 2005

         This Agreement to Merge ("Agreement") dated as of the 25th day of
March, 2005, by and between Jim Evans ("Evans"), Freedom Homes, Inc., a Georgia
corporation ("Freedom"), R. Wireless, Inc., a Georgia corporation ("Wireless"),
Homes By Owners, Inc., a Georgia corporation ("Homes") and Robert S. Wilson
("Wilson");

                                   WITNESSETH
                                   ----------

         WHEREAS, Evans owns 100% ("Freedom Outstanding Shares") of the issued
and outstanding shares of Freedom's common stock ("Freedom Common"); and

         WHEREAS, Wireless owns 95% ("Current Wireless Shares"), and Wilson owns
5% ("Wilson Shares"), of the issued and outstanding shares of Homes' common
stock ("Common"); and

         WHEREAS, the parties hereto desire that Freedom merge into Homes
("Merger") in a statutory merger under Georgia law that will qualify as a tax
free reorganization for Federal and Georgia tax purposes, with the resulting
corporation ("Resulting Corporation") named Freedom Homes, Inc., with its common
stock ("Resulting Common") that is outstanding following the Merger being held
as follows:

Shareholders       Shares of Resulting Common               Designation
------------       --------------------------               -----------
    Evans                   4,100,000                       Evans Shares
  Wireless                  2,100,000                Continuing Wireless Shares
   Wilson                     300,000                       Wilson Shares
                           -----------
    Total                   6,500,000               Outstanding Resulting Common

which, after the contemplated sale of 500,000 additional shares of Resulting
Common would result in the outstanding Resulting Common being held as follows:

Shareholders          Shares of Resulting Common       Percentage of Outstanding
------------          --------------------------       -------------------------
    Evans                       4,100,000                           58.57
  Wireless                      2,100,000                           30.00
New Investors                     500,000                            7.14
   Wilson                         300,000                            4.29
                               -----------                        --------
    Total                       7,000,000                          100.00

                                       1
<PAGE>

         NOW, THEREFORE, for and in consideration of the premises and the mutual
promises and covenants hereinafter set forth, the receipt, adequacy and
sufficiency of which are hereby acknowledged, the parties, intending to be
legally bound, do hereby agree as follows:

         1. MERGER.

                  The parties will cause the Merger to occur as promptly as
practicable. They will take all reasonable action, including the preparation of
documents, filing with the State of Georgia and publication, necessary or
desirable, to effectuate the Merger. The Articles of Incorporation and By-laws
of Homes will continue as the Articles of Incorporation and By-laws of the
Resulting corporation, the directors of the Resulting Corporation will be Robert
S. Wilson, as Chairman, Evans and such other person as Evans may designate, and
the officers of the Resulting Corporation will be Evans as President and chief
Executive Officer and such other persons for such other positions as Evans my
designate.

         2. REPRESENTATIONS, WARRANTIES AND COVENANTS OF HOMES AND WIRELESS. As
material inducements to the execution, delivery and performance of this
Agreement by Evans and Freedom, Homes and Wireless each, jointly and severally,
hereby represent, warrant and covenant to Evans and Freedom as follows:

         (a) AUTHORITY. Each of Homes and Wireless has the absolute and
unrestricted right, power, authority and capacity to execute and deliver this
Agreement and to perform its obligations under this Agreement. This Agreement
constitutes the legal, valid and binding obligation of each of Homes and
Wireless.

         (b) CORPORATE EXISTENCE; GOOD STANDING OF HOMES. Homes is a corporation
duly organized, validly existing and in good standing under the laws of the
state of Georgia. Wireless has all necessary corporate power to own all of its
assets and to carry on its business as such business is now being conducted.
Homes has furnished to Evans a complete and correct copy of its Articles of
Incorporation, Certificate of Incorporation and Bylaws, each as amended or
restated, as currently in effect and as of the effectiveness of the Merger.
Homes is not in violation of any of the provisions of its Articles of
Incorporation, Certificate of Incorporation or Bylaws. Homes has provided Evans
and Freedom with complete and accurate copies of all the minute books of Homes
and such minute books contain in all material respects complete and accurate
records of all actions taken and resolutions adopted by the Board of Directors
(and any committees thereof) and shareholders of Homes since its organization.

         (c) CAPITALIZATION OF HOMES. The authorized equity securities of Homes
consist of 50,000,000 shares of Common and 1,000,000 shares of preferred stock,
of which 6,000,000 shares are issued and outstanding, 5,700,000 being held and
beneficially owned by Wireless and constituting the current Wireless Shares and
300,000 held and beneficially owned by Wilson and constituting the Wilson
shares. There are no options, commitments, rights, warrants or other contracts
relating to the issuance, sale, or transfer of any equity securities or other
securities of Homes, except as provided in this Agreement. None of the
outstanding equity securities or other securities of Homes was issued in
violation of any federal or state securities laws. Homes does not own or have
any contract to acquire any equity securities or other securities of any person
or any direct or indirect equity or ownership interest in any other business
except as provided in this Agreement.

                                       2
<PAGE>

         (d) NO CONFLICTS. The execution and delivery of this Agreement by Homes
and Wireless do not, and the performance by Homes or Wireless of their
respective obligations hereunder shall not, with or without the giving of notice
or the passage of time or both, (i) violate any judgment, writ, injunction or
order of any court, arbitrator or governmental agency applicable to Homes or
Wireless, or (ii) conflict with, result in the breach of any provision of or the
termination of, or constitute a default under, any agreement to which Homes or
Wireless is a party or by which Homes or Wireless is or may be bound.

         (e) TITLE TO EVANS SHARES. Upon the entitlement of Evans to the Evans
Shares, Evans will own the entire legal and beneficial interest in the Evans
Shares free and clear of all liens, pledges, security interests and
encumbrances, and subject to no legal, equitable, transfer or other restrictions
of any kind, except any such resulting from circumstances involving Evans or
Freedom or any affiliate of either that are unrelated to Wireless, Homes or any
affiliate of either or that are transfer restrictions imposed by operation of
applicable federal and state securities laws. There are no claims, demands,
suits, proceedings or causes of action pending or, to the best knowledge,
information and belief of Wireless or Homes, threatened against Homes or
Wireless that would concern or affect title to any of the Evans Shares or that
seek to compel the issuance of shares or other securities of Homes.

         (f) CONTRACTS. Homes has delivered to Evans true copies of all written,
and disclosed to Evans all oral, material outstanding contracts, obligations and
commitments of Homes (or of Wireless that relate to the operation of Homes), the
individual contracts for inclusion in for sale by owner magazine not being
deemed material. All of such contracts, obligations and commitments are valid,
binding and in full force and effect and are cancelable within 30 days or less.

         (g) FINANCIAL STATEMENTS. Homes has heretofore provided Evans with
financial information about Homes, including, but not limited to, (i) balance
sheets dated June 30, 2004 and September 30, 2003 and results of operations and
cash flows for the nine month period ended June 30, 2004 and for the year ended
September 30, 2003 (collectively, the "Homes Financial Statements"). All of the
Homes Financial Statements are true, correct and complete and have been prepared
in accordance with generally accepted accounting principles consistently
followed throughout the periods indicated, reflect all material liabilities of
Homes, including all material contingent liabilities of Homes, as of their
respective dates, and present fairly the financial position of Homes as of such
dates and the results of operations and cash flows for the period or periods
reflected therein. Neither Wireless nor Homes has received any advice or
notification from its independent certified public accountants that Homes has
used any improper accounting practice that would have the effect of not
reflecting or incorrectly reflecting in the Homes Financial Statements or in the
books and records of Homes any properties, assets, liabilities, revenues or
expenses.

                                       3
<PAGE>

         (h) NO UNDISCLOSED LIABILITIES. Homes has no material liabilities or
obligations (absolute, accrued, contingent or otherwise) which are not reflected
in the Financial Statements or notes thereto, except for (i) liabilities and
obligations incurred in the ordinary course of business since June 30, 2004,
(ii) liabilities or obligations arising as a result of the transactions
contemplated hereby, or (iii) liabilities or obligations disclosed in Schedule
2(h) or otherwise herein; including without limitation any liability for any
discontinued operations (as such term is used in accordance with GAAP) or with
respect to any business or assets formerly owned or operated by Homes or with
respect to any predecessor of Homes.

         (i) LITIGATION. Homes is not engaged in, and does not believe that it
is faced with claims that will eventuate in, litigation or alternative dispute
resolution proceedings, except for an action in the Magistrate's Court of
Columbia County, Georgia, by Terry C. Dempsey for $199.00 plus interest and
costs for failure to timely publish a notice in for sale by owner magazine,
which action improperly names Wilson, instead of Homes, as defendant and which
is being vigorously defended by Wilson and Homes.

         (j) PERMITS, LICENSES, AND COMPLIANCE WITH LAWS IN GENERAL. Homes has
obtained all necessary permits and licenses and other governmental
authorizations and approvals necessary for the conduct of its operations. Homes
is not engaging in any activity or omitting to take any action that is or
creates a violation of any federal or state law, statute, ordinance, or
regulation and has not so engaged or omitted since its incorporation. Neither
Homes nor Wireless has received any notices of material violations of any
federal, state or local laws, regulations and ordinances relating to Homes's
operations, and no notice of any pending inspection or violation of any such
law, regulation or ordinance has been received by either Homes or Wireless.

         (k) NO UNTRUE REPRESENTATIONS. No representation or warranty by Homes
or Wireless in this Agreement and no Schedule issued by the Homes or Wireless
and furnished or to be furnished to Evans pursuant hereto, or in connection with
the transactions contemplated hereby, contains or will contain any untrue
statement of a material fact, or omits or will omit to state a material fact
necessary to make the statements or facts contained therein not misleading.

         3. REPRESENTATIONS, WARRANTIES AND COVENANTS OF EVANS AND FREEDOM. As
material inducements to the execution, delivery and performance of this
Agreement by Homes and Wireless, Evans and Freedom do each, jointly and
severally, hereby represent and warrant to Homes and Wireless as follows:

         (a) AUTHORITY. Each of Evans and Freedom has the absolute and
unrestricted right, power, authority and capacity to execute and deliver this
Agreement and to perform his obligations under this Agreement. This Agreement
constitutes the legal valid and binding obligation of each of Evans and Freedom.

         (b) CORPORATE EXISTENCE; GOOD STANDING OF FREEDOM. Freedom is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Georgia. Freedom has all necessary corporate power to own all of
its assets and to carry on its business as such business is now being conducted.
Evans has furnished to Homes and Wireless a complete and correct copy of
Freedom's Articles of Incorporation, Certificate of Incorporation and Bylaws,

                                       4
<PAGE>

each as amended or restated, as currently in effect and as in effect as of the
transaction set forth in Subparagraph 1(b). Freedom is not in violation of any
of the provisions of its Articles of Incorporation, Certificate of Incorporation
or Bylaws. Freedom has provided to Homes and Wireless complete and accurate
copies of all the minute books of Freedom and such minute books contain in all
material respects complete and accurate records of all actions taken and
resolutions adopted by the Boards of Directors (and any committees thereof) and
shareholders of Freedom since its organization.

         (c) CAPITALIZATION OF FREEDOM. The authorized equity securities of
Freedom consist of 10,000 shares of common stock, of which 1,000 shares are
issued and outstanding and constitute the Freedom Outstanding Shares, making
Evans the owner of 100% of the outstanding equity of Freedom. There are no
options, commitments, rights, warrants or other contracts relating to the
issuance, sale, or transfer of any equity securities or other securities of
Freedom, except as provided in this Agreement. None of the outstanding equity
securities or other securities of Freedom was issued in violation of any federal
or state securities laws. Freedom does not own or have any contract to acquire
any equity securities or other securities of any person or any direct or
indirect equity or ownership interest in any other business.

         (d) NO CONFLICTS. The execution and delivery of this Agreement by Evans
and Freedom do not, and the performance by Evans and Freedom of their respective
obligations hereunder shall not, with or without the giving of notice or the
passage of time or both, (i) violate any judgment, writ, injunction or order of
any court, arbitrator or governmental agency applicable to Evans or Freedom or
(ii) conflict with, result in the breach of any provision of or the termination
of, or constitute a default under, any agreement to which Evans or Freedom is a
party or by which Evans or Freedom is or may be bound.

         (e) TITLE TO THE SHARES. Evans is the legal and beneficial owner of the
Freedom Outstanding Shares. The Freedom Outstanding Shares are free and clear of
all liens, pledges, security interests and encumbrances whatsoever. There are no
claims, demands, suits, proceedings or causes of action pending or, to the best
knowledge, information and belief of Evans, threatened against Evans or Freedom
that concern or affect title to any of the Freedom Outstanding Shares or that
seek to compel the issuance of shares or other securities of Freedom. Evans
acquired the Freedom Outstanding Shares in transactions that fully complied with
the provisions of all applicable federal and state securities laws.

         (f) CONTRACTS. Evans and/or Freedom has delivered to Homes and Wireless
true copies of all written, and disclosed to Homes and Wireless all oral,
material outstanding contracts, obligations and commitments of Freedom (or of
Evans that relate to the operations of Freedom). All of such contracts,
obligations and commitments are valid, binding and in full force and effect and
cancelable within 30 days or less.

         (g) FINANCIAL STATEMENTS. Evans has heretofore provided Wireless and
Homes with financial information about Homes, including, but not limited to, (i)
balance sheets dated February 29, 2004 and February 28, 2003 and results of
operations and cash flows for the years ended February 29, 2004 and February 28,
2003 (collectively, the "Freedom Financial Statements"). All of the Freedom

                                       5
<PAGE>

Financial Statements are true, correct and complete and have been prepared in
accordance with generally accepted accounting principles consistently followed
throughout the periods indicated, reflect all material liabilities of Freedom,
including all material contingent liabilities of Freedom, as of their respective
dates, and present fairly the financial position of Freedom as of such dates and
the results of operations and cash flows for the period or periods reflected
therein. Neither Evans nor Freedom has received any advice or notification from
its outside accountants or bookkeepers that Freedom has used any improper
accounting practice that would have the effect of not reflecting or incorrectly
reflecting in the Freedom Financial Statements or the books and records of any
of Freedom properties, assets, liabilities, revenues or expenses.

         (h) NO UNDISCLOSED LIABILITIES. Freedom has no liabilities or
obligations (absolute, accrued, contingent or otherwise) which are not reflected
in the Financial Statements or notes thereto, except for (i) liabilities and
obligations incurred in the ordinary course of business since February 29, 2004,
(ii) liabilities or obligations arising as a result of the transactions
contemplated hereby, or (iii) liabilities or obligations disclosed in Schedule
3(h) or otherwise herein; including without limitation any liability for any
discontinued operations (as such term is used in accordance with GAAP) or with
respect to any business or assets formerly owned or operated by Freedom or with
respect to any predecessor of Freedom.

         (i) LITIGATION. Freedom is not engaged in, and does not believe that it
is faced with claims that will eventuate in, litigation or alternative dispute
resolution proceedings. Mr. and Mrs. Perryman, customers of Freedom, have
received a home they believe requires repair, which the manufacturer is
undertaking to perform. Freedom believes this matter will be settled amicably,
but if not it could lead to litigation or alternative dispute resolution
proceedings involving Freedom.

         (j) PERMITS, LICENSES, AND COMPLIANCE WITH LAWS IN GENERAL. Freedom has
obtained all necessary permits and licenses and other governmental
authorizations and approvals necessary for the conduct of its operations.
Freedom is not engaging in any activity or omitting to take any action that is
or creates a violation of any federal or state law, statute, ordinance, or
regulation and has not so engaged or omitted since its incorporation. Neither
Evans nor Freedom has received any notices of material violations of any
federal, state or local laws, regulations and ordinances relating to Freedom's
operations, and no notice of any pending inspection or violation of any such
law, regulation or ordinance has been received by either Evans or Freedom.

         (k) UNTRUE REPRESENTATIONS. No representation or warranty by Evans or
Freedom in this Agreement and no Schedule issued by Evans or Freedom and
furnished or to be furnished to Homes or Wireless pursuant hereto, or in
connection with the transactions contemplated hereby, contains or will contain
any untrue statement of a material fact, or omits or will omit to state a
material fact necessary to make the statements or facts contained therein not
misleading.

         4. RESIGNATIONS. Concurrently with the transactions set forth in
Subparagraph 1(a) above, Wireless and Homes will cause all directors and
officers of Homes to submit their resignations from such positions to Homes.

                                       6
<PAGE>

         5. SPIN OFF. Following the effectiveness of the Merger, Wireless,
Homes, Evans and Freedom will use their respective best efforts to cause at
least 50% (and possibly all) of the Continuing Wireless Shares to be spun off to
the shareholders of Wireless. It is recognized that to effect such spin off,
compliance with applicable Federal and state securities laws will be required
(which may include appropriate filings with applicable regulatory authorities),
that the spin of must comply with Georgia law, particularly those aspects of
such law that regulate distribution of assets by a corporation, and that audited
financial statements of Freedom and Homes may be required.

         6. PRIVATE PLACEMENT. Following the effectiveness of the Merger,
Wireless, Homes and Freedom will use their respective best efforts to raise at
least $500,000 (prior to commissions and expenses) in a private placement
through the sale of 500,000 shares of Common at $1.00 a share to Accredited
Investors (as that term is defined in Rule 501(a) under the Securities Act of
1933).

         7. INDEMNIFICATION.

         (a) INDEMNIFICATION BY WIRELESS AND HOMES. Wireless and Homes (for
purposes of this Subsection 7(a) and, to the extent applicable, Subsection 7(c),
each the "Indemnitor"), shall each, jointly and severally, indemnify and hold
Evans and the Resulting Corporation and their respective agents, officers,
directors, shareholders, agents and employees (to the extent applicable, each of
the foregoing being herein referred to for purposes of Subsection 7(c) as an
"Indemnified Person"), harmless from against any and all liabilities, losses,
claims, damages, actions, suits, costs, deficiencies and expenses (including
reasonable attorneys' fees and disbursements through appeal) arising from or by
reason of or resulting from any breach by the Indemnitor of any representation,
warranty, agreement or covenant contained in this Agreement and each document or
other instrument furnished or to be furnished by the Indemnitor hereunder.

         (b) INDEMNIFICATION BY EVANS. Evans (for purposes of this Subsection
7(b) and, to the extent applicable, Subsection 7(c), the "Indemnitor"), shall,
jointly and severally, indemnify and hold Wireless and the Resulting Corporation
and their respective agents, officers, directors, shareholders, agents and
employees (to the extent applicable each of the foregoing, including Wireless
and Homes, being herein referred to for purposes of Subsection 7(c) as an
"Indemnified Person"), harmless from and against any and all liabilities,
losses, claims, damages, suits, costs, deficiencies and expenses (including
reasonable attorneys' fees and disbursements through appeal) arising from or by
reason of or resulting from any breach by the Indemnitor of any representation,
warranty, agreement or covenant contained in this Agreement and each document or
other instrument furnished or to be furnished by the Indemnitor hereunder.

                                       7
<PAGE>

         (c) INDEMNIFICATION PROCEDURE. Within 60 days after an Indemnified
Person receives written notice of the commencement of any action or other
proceeding in respect of which indemnification or reimbursement may be sought
hereunder, or within such lesser time as may be provided by law for the defense
of such action or proceedings, such Indemnified Person shall notify the
Indemnitor(s) thereof. If any such action or other proceeding shall be brought
against any Indemnified Person, the Indemnitor(s) shall, upon written notice,
given within a reasonable time following receipt by the Indemnitor(s) of such
notice from the Indemnified Person, be entitled to assume the defense of such
action or proceeding with counsel chosen by the Indemnitor(s) and reasonably
satisfactory to the Indemnified Person; provided, however, that any Indemnified
Person may at its own expense retain separate counsel to participate in such
defense. Notwithstanding the foregoing, an Indemnified Person shall have the
right to employ separate counsel at the Indemnitor's expense and to control its
own defense of such action or proceeding, if, in the reasonable opinion of
counsel to such Indemnified Person, (i) there are or may be legal defenses
available to such Indemnified Person or to other Indemnified Persons that are
different from or additional to those available to the Indemnitor(s) and which
could not be adequately advanced by counsel chosen by the Indemnitor(s), or (ii)
a conflict or potential conflict exists between the Indemnitor(s) and such
Indemnified Person that would make such separate representation advisable;
provided, however, that in no event shall the Indemnitor(s) be required to pay
fees and expenses hereunder for more than one firm of attorneys in a
jurisdiction in any one action or proceeding or group of related actions or
proceedings. The Indemnitor(s) shall not, without the prior written consent of
any Indemnified Person, settle or compromise or consent to the entry of any
judgment and any pending or threatened claim, action or proceeding to which such
Indemnified Person is a party unless such settlement, compromise or consent
includes an unconditional release of such Indemnified Person from all liability
arising or potentially arising or by reason of such claim, action or proceeding.

         (d) Other than with respect to the representations, warranties and
covenants set forth in Subsections 2(a), (b), (c) or (e) and Subsections 3(a),
(b), (c) or (e), which shall continue indefinitely, the indemnification
obligations set forth herein shall be limited in time to 12 months from the date
of this Agreement.

         (e) All remedies for damages relating to this Agreement will be
governed by the terms and conditions of this Section 7, and the parties hereto
waive any other or different remedies.

         8. MISCELLANEOUS PROVISIONS.

         (a) SURVIVAL. All representations, warranties, covenants and agreements
made by the parties to this Agreement shall not be discharged or dissolved upon,
but shall survive, the transactions set forth herein.

         (b) FURTHER ASSURANCES. Each of the parties hereto will (i) furnish
upon request to each other such further information, (ii) execute and deliver to
each other such other documents and (iii) do such other acts and things, all as
any other party may reasonably request for the purpose of carrying out the
intent of this Agreement.

                                       8
<PAGE>

         (c) WAIVER. The rights and remedies of the parties to this Agreement
are cumulative and not alternative. Neither the failure nor any delay by any
party in exercising any right, power or privilege under this Agreement shall
operate as a waiver of such right, power or privilege, and no single or partial
exercise of any such right, power or privilege shall preclude any other or
further exercise of such right, power or privilege, or the exercise of any other
right, power or privilege. To the maximum extent permitted by applicable law,
(i) no claim or right arising out of this Agreement or the documents referred to
in this Agreement can be discharged by one party, in whole or in part, by a
waiver or a renunciation of the claim or right unless in writing, signed by the
other party; (ii) no waiver that may be given by a party shall be applicable
except in the specific instance for which it is given; and (iii) no notice to or
demand on one party shall be deemed to be a waiver of any obligation of such
party or of the right of the party giving such notice or demand to take further
action without notice or demand as provided in this Agreement or the documents
referred to in this Agreement.

         (d) NOTICES. All notices, consents, waivers and other communications
required or permitted to be given hereunder shall be in writing and shall be
deemed to have been given (i) if personally delivered, upon delivery or refusal
of delivery; (ii) if mailed by registered or certified United States mail,
return receipt requested, postage prepaid, upon delivery or refusal of delivery;
(iii) if sent by a nationally recognized overnight delivery service, upon
delivery or refusal of delivery or (iv) if sent by Telecopier or other
electronic means, upon confirmation of completion of the transmission. All
notices, consents, waivers or other communications required or permitted to be
given hereunder shall be addressed to the respective party to whom such notice,
consent, waiver or other communication relates at the following addresses:

         If to Evans or Freedom:    Mr. Jim Evans
                                    Freedom Homes, Inc.
                                    1919 Gordon Highway
                                    Augusta, Georgia  30909
                                    (Tel) 706-739-0200
                                    (Fax) 706-739-0042

         If to Homes:               Homes By Owners, Inc.
                                    c/o Freedom Homes, Inc.
                                    1919 Gordon Highway
                                    Augusta, Georgia  30909
                                    (Tel) 706-739-0200
                                    (Fax) 706-739-0042

      with copy to Wireless, whose contact information is set forth below:

                                       9
<PAGE>

         If to Wireless:            R Wireless, Inc.
                                    c/o Mark Neuhaus
                                    200 East 89th Street, Suite 44S
                                    New York, New York  10128
                                    (Tel) 212-534-2202
                                    (Fax) 212-534-3904
                                    (e-mail) coldwater_capital@yahoo.com

          with, in the case of notices to Homes or Wireless, a copy to:

                                    David R. Baker, Esq.
                                    Haskell Slaughter Young & Rediker, LLC
                                    1400 Park Place Tower
                                    2001 Park Place North
                                    Birmingham, Alabama 35203-2700
                                    (Tel) (205) 251-1000
                                    (Fax) (205) 324-1133
                                    (e-mail) drb@hsy.com

         If to Wilson:
                                    Mr. Robert S. Wilson
                                    4210 Columbia Rd, Suite 10C
                                    Martinez, GA 30907
                                    (Tel) (706) 860-3209
                                    (e-mail) rwilson102@comcast.net

or such other address as any party or the designated recipients of copies shall
have previously specified by notice in writing to the other parties or the
designated recipients of copies may have specified to the parties. The parties
may specify new persons to receive copies of notices or may terminate persons to
receive copies of notices, provided, however, that no changes may be made in the
persons entitled to receive copies of notices to Homes without the consent of
Wireless.

         (e) ENTIRE AGREEMENT, AMENDMENT. This Agreement supersedes all prior
agreements or understandings between the parties with respect to its subject
matter and constitutes a complete and exclusive statement of the terms of this
Agreement between the parties with respect to its subject matter. This Agreement
may not be amended except by a written agreement executed by the party to be
charged with the amendment.

         (f) BINDING EFFECT, THIRD-PARTY RIGHTS. This Agreement shall inure to
the sole benefit of, and shall be binding upon, the parties hereto and their
respective successors, assigns, heirs and legal representatives. Delegation of
any covenants hereunder shall not relieve the party so delegating of any
liability or obligation hereunder. Nothing expressed or referred to in this
Agreement shall be construed to give any person or entity other than the parties
to this Agreement any legal or equitable right, remedy or claim under or with
respect to this Agreement or any provision of this Agreement.

                                       10
<PAGE>

         (h) CONSTRUCTION. The headings of sections and subsections in this
Agreement are provided for convenience only and shall not affect its
construction or interpretation. All references to "Section" or "Sections" or
"Subsection" or "Subsections" refer to those of this Agreement. All words used
in this Agreement shall be construed to be of such gender or number as the
circumstances require. Unless otherwise expressly provided, the word "including"
does not limit the preceding words or terms. The terms "herein", "hereof",
"hereto" or "hereunder" or similar terms shall be deemed to refer to this
Agreement as a whole and not to a particular Section.

         (i) GOVERNING LAW. This Agreement shall be construed, interpreted and
governed in accordance with the law of the State of Georgia applicable to
contracts entered into by residents of Georgia, and fully to be performed, in
Georgia.

          (j) COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original copy of this
Agreement and all of which, when taken together, shall be deemed to constitute
one and the same Agreement.

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

                                                 /s/ Jim Evans
                                                 ---------------------------
                                                 Jim Evans

                                              FREEDOM HOMES, INC.

                                              By: /s/ Jim Evans
                                                  --------------------------
                                                  Jim Evans, President

                                              R WIRELESS, INC.

                                              By: /s/ Mark Neuhaus
                                                  --------------------------
                                                  Mark S. Neuhaus, Chairman

                                              HOMES BY OWNERS, INC.

                                              By: /s/ Mark Neuhaus
                                                  --------------------------
                                                   Mark S. Neuhaus, Chairman

                                                  /s/ Robert Wilson
                                                  --------------------------
                                                  Robert S. Wilson

                                       11
<PAGE>

                                  SCHEDULE 2(h)

                                   LIABILITIES

                             No Material Liabilities

                                  SCHEDULE 3(h)

                                   LIABILITIES

                             No Material Liabilities

                                       12<PAGE>
EXHIBIT 10.3

                 -----------------------------------------------

                               THE OPTION CONTRACT

                 -----------------------------------------------

                                   LU ZHAO HUI

                                   CHEN YU MIN

                                       AND

                                Fintel Group Ltd.

                                DECEMBER 14, 2004

<PAGE>

THIS CONTRACT is dated December 14, 2004.

BETWEEN:

     1)   Lu Zhao Hui - ID No. 342523197101190039, Address: 1706, No.18,
          XiangJiang Building, Lane 1265, ZhongShan Xi Road, Shanghai, China

     2)   Chen Yu Min, ID No. 310105197308184419, Address: 1706, No.18,
          XiangJiang Building, Lane 1265, ZhongShan Xi Road, Shanghai, China (Lu
          Zhao Hui and Chen Yu Min) are hereinafter collectively referred to as
          the "Vendors" and each individually referred to as the "Vendor"); and

     3)   Fintel Group Ltd., a company incorporated in HONG KONG with its
          registered office situate at 306 Hang Bong Commercial Centre, 28
          Shanghai Street, Kowloon, HongKong and its principal office situate as
          same (the "Purchaser").

WHEREAS:

     (A)  Shanghai Longterms Technology Co., Ltd (the "Company") is a domestic
          joint venture company with limited liability incorporated in the PRC
          and has as at the date hereof a registered capital of RMB 5 million
          and a net asset of RMB5,665,317.
     (B)  As at the date of this Contract, the Purchaser is a wholly owned
          subsidiary of Financial Telecom Limited (USA) Inc. (the "Fintel
          Company"), the shares of which are currently listed on the
          Over-the-Counter Bulletin Board ("OTCBB") of the United States (OTCBB
          Symbol: FLTL.OB).
     (C)  Another wholly owned subsidiary of the Fintel Company has signed the
          long term service agreement with the Vendors, which stipulates that
          the wholly owned subsidiary shall provide the Vendors with the long
          term financial and management service. In order to stimulate the
          wholly owned subsidiary and improve its service quality, the Vendors
          have agreed to empower the Option to the Purchaser and the Purchaser
          has agreed to accept the Option according to the terms and conditions
          of this Contract. Please see Clause 1 of this Contract for the
          definition of Option.

NOW, THEREFORE, FOR AND IN CONSIDERATION of the mutual promises and agreements
contained herein, the terms and conditions hereby are agreed upon by the Parties
in this Contract:

1.    INTERPRETATION

     1.1  In this Contract (including the Recitals), unless the context
          otherwise requires, the following words and expressions shall have the
          following meanings ascribed to each of them below:

"CONTRACT"               this  Contract  for the  Option  Contract,  as
                         amended or supplemented from time to time;
"BUSINESS DAY"           From Monday to Friday except PRC's public holidays;
"OPTION"                 Within one year after this Contract is signed by
                         Parties, The Purchaser is entitled to purchase Sale
                         Interests according to Clause 4.1 of this Contract and
                         purchase the Transferable Note according to Clause 2.6
                         and 4.1 of this Contract;

<PAGE>

"THE TERM OF OPTION"     One year after this Contract is signed by Parties.
"SALE INTERESTS"         19% of the entire interest in the registered capital of
                         the Company to be sold by the Vendors to the Purchaser
                         according to Option of this Contract, in which 9.5% of
                         the entire interest in the registered capital of the
                         Company to be sold by Lu Zhao Hui to the Purchaser and
                         9.5% of the entire interest in the registered capital
                         of the Company to be sold by Chen Yu Min to the
                         Purchaser;

"FINTEL COMPANY"         Financial Telecom Limited (USA) Inc., a company
                         incorporated under the laws of the state of Nevada,
                         United States, the shares of which are currently listed
                         on the Over-the-Counter Bulletin Board ("OTCBB") of the
                         United States (OTCBB Symbol: FLTL.OB).

"CONSIDERATION SHARES"   New restricted shares of the Fintel Company to be
                         allotted and issued in the name of the Vendors or their
                         nominees for the consideration of Sale Interests and
                         the Transferable Note according to Clause 4.1, which
                         are restricted according to Rule 144 promulgated under
                         the U.S Securities Act and are calculated by the
                         Consideration regulated in Clause 4.1 /50% of the
                         average share price of 30 business days before
                         Completion;

"TRANSFERABLE NOTE"      The debt certificate issued by the Vendors to the
                         Purchaser. After the Vendors are satisfied by the
                         consideration from the Purchaser according to Clause
                         4.1 of this Contract, they shall owe the Purchaser the
                         debt of USD 109,873 without interests and pay off the
                         debt of USD 109,873 after ten years from the issuing
                         date of the debt certificate. During the Term of
                         Transferable Note, the Purchaser shall be entitled to
                         execute the right to change the Vendors' debt to 16% of
                         the entire interest in the registered capital of the
                         Company according to Clause 2.6 and 2.7 of this
                         Contract.

"THE TERM OF             Within ten years after the issuing date of the
TRANSFERABLE NOTE"       Transferable Note.

"RESTRICTED TRADING      a period of twelve (12) & twenty-four (24) & thirty-six
PERIOD"                  (36) months from the date on which the Consideration
                         Shares being allotted and issued to the Vendors or
                         their nominees; twelve months for 1/3 of the
                         Consideration Shares, twenty-four months for another
                         1/3 of the Consideration Shares, thirty-six months for
                         another 1/3 shares of the Consideration Shares;

"COMPLETION"             The execution of Option in accordance with the terms
                         and conditions of this Contract including the
                         completion of the sale and purchase of the Sale
                         Interests and the issuing of the Transferable Note and
                         the satisfaction of the Consideration in accordance
                         with the terms and conditions of this Contract;

"COMPLETION DATE"        the date falling on the 5th Business Day after the
                         conditions set out in Clause 3.2 , 3.3 have been
                         fulfilled or waived by the Purchaser and the Vendors
                         according to Clause 3.5;

"THE DATE OF THE         30 June, 2004.
BALANCE SHEET"

2.    OPTION

     2.1  Subject to the terms and conditions of this Contract, each of the
          Vendors, agrees to empower the Option to the Purchaser and the
          Purchaser agrees to accept the Option.
     2.2  Subject to Clause 2.1 of this Contract, when the Purchaser get the
          Option, the Vendors shall give and shall procure that the Purchaser
          and/or any persons authorized by it in writing will be given such
          access to the premises and all books, documents, title deeds, records,
          returns, approvals, correspondence and accounts of the Company and its
          subsidiaries and all such information relating to the Company as may

<PAGE>

          be reasonably requested by or on behalf of the Purchaser to undertake
          and conduct a full due diligence (including but without limitation, in
          all legal, financial and commercial aspects) against the Company and
          be permitted to take copies of any such books, documents, title deeds,
          records and accounts and that the directors and employees of the
          Company shall be instructed to give promptly all such information and
          explanations to any such persons as aforesaid as may be requested by
          it or them. The Purchaser shall complete its due diligence (including
          without limitation, legal, financial and commercial aspects) in
          respect of the Company and its subsidiaries and the results of which
          are, in the absolute opinion of the Purchaser, satisfactory and
          acceptable to the Purchaser in all respects. on the Date of the
          Balance Sheet, the Company`s net assets which are audited by
          independent third party CPA are RMB 5,665,317.
     2.3  Within the Term of Option, the Vendors shall not sell Sale Interests
          to any third party and not make guarantee, and/or pledge and/or
          mortgage or any other types of rights and/or benefit on Sale Interests
          without the Purchaser's written agreement.
     2.4  If the Purchaser does not execute Option in accordance with Clause 2.5
          and 2.6 and 2.7 of this Contract during the Term of Option, Option
          shall be cancelled.
     2.5  During the Term of Option, if the Purchaser executes Option, it shall
          send the written note ("Option Note") to the Vendors and inform them
          Completion Day and that it shall own Sale Interests and Transferable
          Note.
     2.6  On Completion Day, if the Vendors don't issue the written Transferable
          Note, the Purchaser automatically receives all the rights of
          Transferable Note. The Vendor warrants as follow:
          i.   the Purchaser may send the written note ("Information of
               Transferable Note") to the Vendors during the Term of
               Transferable Note and inform them to get rid of the debt of the
               Transferable Note instead that they shall transfer 16% of the
               entire interest in the registered capital of this Company to the
               Purchaser in the consideration of RMB1.
          ii.  The Vendors shall transfer 16% of the entire interest in the
               registered capital of this Company to the Purchaser under the
               Chinese registration law according to Information of Transferable
               Note and the Purchaser's or its designated third party shall
               become the owner in the registry office.
     2.7  The unconcerned matters in relation to the execution of Transferable
          Note shall be considered by other clauses of this Contract.
     2.8  After the date of the Option Note, The Vendors will not assume any
          debts and any other duties regards to the Sale Interests, which exist
          after the date of the Option Note and will not have any creditor's
          rights and any other rights regards to the Sale Interests, which
          exists after the date of the Option Note. After the date of the Option
          Note, The Purchaser will assume any debts and any other duties regards
          to the Sales Interests, which exist after the date of the Option Note
          and will have any creditor's rights and any other rights regards to
          the Sale Interests, which exists after the date of the Option Note.

3.   COMPLETION

3.1   The Completion Day is the date of the Option Note.

3.2   On Completion, The Vendors shall meet the following requirements:

    (a)   The Vendors shall get all necessary consents permits and approval
          (whether governmental, regulatory or otherwise) as may be required in
          respect of the transferring of the Sale Interests from the relevant
          PRC governmental authorities, including but not limited to the
          ratification from the PRC foreign trade economic bureau or the
          provincial foreign trade economic department and the Vendors shall
          inform the Purchaser all the relevant letters, the ratification
          documents and other relevant documents;
     (b)  Each of the Vendors shall jointly and/or severally (as the case may
          be) deliver or procure the delivery to the Purchaser of all the
          following:

          (i)  all constitutional documents, contracts, minute books and records
               (which shall be written up to date as at Completion);
          (ii) copies of the business license, the name of the shareholders, the
               copies of the shareholders' identity card, the structure of the
               shareholding and financial statements of the Company;
          (iii) other documents, letters and material which the Purchaser
               may require;

<PAGE>

     (c)  The Vendors shall hold a shareholder meeting approving the following
          items according to the Purchaser's requirements:

          (i)  the sale and purchase of the Sale Interests;
          (ii) the Transferable Note;
          (iii) amending the constitution of the Company according to the
               Purchaser;

     (d)  The Vendors shall complete the change procedures regards to the Sale
          Interests in relevant Commercial and Industrial bureau and inform the
          Purchaser all the relevant letters, ratification documents and other
          relevant documents regards to the above the change procedures..

3.3   On Completion, The Vendors shall meet the following requirements:

     a)   If so required, passing of necessary resolutions by shareholders of
          the Purchaser at a shareholder meeting approving (i) the purchase of
          the Sale Interests from the Vendors and (ii) the Transferable Note
          (iii) this Contract.
     b)   The Purchaser shall procure that the directors of the board of Fintel
          Company make the resolutions and approve: the allotment and issue of
          the Consideration Shares to the Vendors credited as fully paid;
     c)   the Purchaser having obtained a legal opinion issued by a qualified
          lawyer (acceptable by the Purchaser) in respect of:

          (i)  the legality and validity of this Contract and the transactions
               contemplated herein;
          (ii) the completion of all necessary procedures and obtaining of all
               necessary approvals regarding the sale and purchase of the Sale
               Interests;
          (iii) no change in the permitted scope business of the Company after
               the transfer of the Sale Interests;
          (iv) all other matters reasonably requested by the Purchaser.

     3.4  When any of the conditions set out in the Clause 3.2 has been
          satisfied by the Vendors, unless that the Purchaser may by notice in
          writing inform the Vendors to waive any of the conditions set out in
          Clause 3.5, the Purchaser shall procure Fintel Company to allot, issue
          and credit the Consideration Shares to the Vendors as fully paid.

     3.5  From the date of this Contract to the Completion Date, the Purchaser
          has the rights at any time in writing to inform the Vendors to waive
          any of the conditions set out in Clauses 3.2; the Vendors also have
          the rights at any time in writing to inform the Purchaser to waive any
          of the conditions set out in Clause 3.3 from the date of this Contract
          to the Completion Date.

     3.6  Clauses 5 to Clause 13 shall survive the Completion.

4.   CONSIDERATION

     4.1  The Consideration for the transferring of the Sale Interests and the
          issuing of the Transferable Note shall separately be RMB1,576,410
          equal to US$130,474 (1USD=RMB8.25) and RMB906,450 equal to USD
          109,873(1USD=RMB8.25) respectively, which shall be satisfied by the
          Purchaser in the following manner:

          i.   the Purchaser procuring the Fintel Company to allot, issue and
               credit the Consideration Shares to the Vendors in the Relevant
               Proportions as fully paid on Completion; The Purchaser shall not
               be obliged to complete the purchase of any of the Sale Interests
               and the Transferable Note unless the purchase of all the Sale
               Interests and the Transferable Note is completed simultaneously.

     4.2  The Vendors shall notify the Purchaser in writing at least ten (10)
          Business Days before the Completion Date of the name(s) and other
          particulars of the registered holder(s) of the Consideration Shares
          and the board lot denomination of the share certificate(s) in respect
          of the Consideration Shares to be issued to them or their nominee(s)
          and all necessary information and details as is reasonably required to
          enable the share registrars of the Fintel Company to issue the
          definitive share certificates for such Consideration Shares upon
          Completion.

<PAGE>

     4.3  The Vendors understand that the Consideration Shares will not be
          registered under the U.S. Securities Act. The Vendors also understand
          that the Consideration Shares are being allotted and issued pursuant
          to an exemption from registration contained in the U.S. Securities Act
          based in part upon the Vendors' representations contained in this
          Contract. The Vendors hereby represent and warrant as follow:

          (a)  Vendors bear economic risk: the Vendors have substantial
               experience in evaluating and investing in private placement
               transactions of securities in companies similar to the Purchaser
               so that it is capable of evaluating the merits and risks of its
               investments in the Purchaser and have the capacity to protect its
               own interests. The Vendors are able to bear the economic risk of
               this investment;
          (b)  Acquisition for own account: the Vendors are acquiring the
               Consideration Shares for their respective own account for
               investment only, and not with a view towards their distribution;
          (c)  Vendors can protect their interest: the Vendors represent that by
               reason of their management, business or financial experience, the
               Vendors have the capacity to protect their own interests in
               connection with the transactions contemplated in this Contract.
               Further, the Vendors are aware of no publication of any
               advertisement in connection with the transactions contemplated in
               this Contract;
          (d)  Company information: the Vendors have had an opportunity to
               discuss the Purchaser's business, management and financial
               affairs with directors, officers and management of the Purchaser
               and have had the opportunity to review the Purchaser's operations
               and facilities. The Vendors have also had the opportunity to ask
               questions of and receive answers from the Purchaser and its
               management regarding the terms and conditions of this investment;
               Purchaser will provide balance sheet and income statement to
               Vendors.
          (e)  Rule 144: The Vendors have been advised or are aware of the
               provisions of Rule 144 promulgated under the U.S. Securities Act,
               which permits limited resale of shares purchased in a private
               placement subject to the satisfaction of certain conditions;
          (f)  Legends: The Vendors understand and agree that the Purchaser will
               cause the legends set forth below or legends substantially
               equivalent thereto, to be placed upon any certificate(s)
               evidencing ownership of the Consideration Shares, together with
               any other legends that may be required by state or federal
               securities laws, or by the Articles of Association and Bye laws
               of the Company, or by any other agreement between the Vendors and
               the Purchaser or between the Vendors and any third party: THE
               SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
               SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE
               SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT
               TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE
               TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND THE
               APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR
               EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE
               REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT. THE
               ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN
               FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT
               ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND
               ANY APPLICABLE STATE SECURITIES LAWS.

     4.4  The Purchaser agrees that upon expiry of the Restricted Trading
          Period, upon presentation of the Consideration Shares to Purchaser,
          under the terms and conditions of this Contract, Purchaser will
          commerce within 7 business days all necessary formalities and
          registration procedures as may be required under the U.S. Securities
          Act and the applicable State securities law to enable the
          Consideration Shares becoming freely transferable and resalable.

5.   THE SHAREHOLDERS MEETING, BOARD AND MANAGEMENT OF THE COMPANY AFTER THE
     SALE AND PURCHASE OF SALE INTERESTS

     5.1  The shareholders meeting which is formed by all shareholders shall be
          the highest power organization of the Company. The way and the
          procedures of discussing business in the shareholders meeting and the
          scope of power of the shareholders meeting shall be ruled by "the
          company law of the People's Republic of China" and the Company's
          constitution amended under Clause 3.1 of this Contract.
     5.2  After the sale and purchase of Sale Interest, The Company shall set up
          the Board, the members of the Board are not more than 5 people and the
          Purchaser has the rights to designate 1 director in the Board. The
          business and operations of the Group shall be managed by the Board.

<PAGE>

     5.3  The Chairman of the Board and the legal representative of the Company
          shall be nominated and appointed by the Board.
     5.4  The financial controller and/or the chief financial officer of the
          Company shall be nominated and appointed by the Board.
     5.5  The scope of the power, the rules and the way of discussing the
          business in the Board and the matters which are not concerned in
          Clause 5 are ruled by "the company law of the People's Republic of
          China" and the Company's constitution amended under Clause 3.1 of this
          Contract.
     5.6  The General Manager takes charge of the Company under the leading of
          the Board. The scope of the power, the rules and the way of discussing
          the business of the General Manager are ruled by "the company law of
          the People's Republic of China" and the Company's constitution amended
          under Clause 3.1 of this Contract.

6.   DISPOSAL OF CONSIDERATION SHARES

    Each of the Vendors agrees and acknowledges that the Consideration Shares
    are subject to the United States Securities and Exchange Commission ("SEC")
    Rule 144 and in particular, hereby jointly and severally undertakes to and
    covenants with the Purchaser and the Fintel Company that it will not, during
    the Restricted Trading Period, dispose of (including without limitation by
    the creation of any option, charge or other Encumbrance or rights over or in
    respect of) any of the Consideration Shares or any interests therein owned
    by it/him/her or in which it/he/she is, directly or indirectly, interested
    immediately after Completion.

7.   WARRANTIES

7.1   THE WARRANTIES FROM THE VENDORS

     1.   The Company is a domestic joint venture company with limited liability
          duly established and validly existing under the laws of the PRC and
          has the corporate powers and authorizes to carry on the business
          presently carried on by it and to own and hold the assets used
          therewith. Each member of the Company are duly established and validly
          existing under the laws of the place of its incorporation and has the
          corporate powers and authorizes to carry on the business presently
          carried on by it and to own and hold the assets used therewith.
     2.   The facts and information set out in the recitals and Clause 2.2, the
          Schedules and all documents attached are true and all information
          which has been provided in writing to the Purchaser or its
          representatives or advisers by the Vendors or by any Director, officer
          or other official of the Company by its professional advisers or other
          agents was when given and is now true and accurate in all material
          respects. There is no fact or matter which has not been disclosed
          which renders any such information untrue, inaccurate or misleading or
          the disclosure of which might reasonably affect the willingness of a
          willing purchaser to purchase the Sale Interests in accordance with
          the provisions of this Agreement.
     3.   The information disclosed to the Purchaser or its representatives or
          professional advisers, by the Vendors and the directors, officers or
          other officials of the Company regarding its current status or
          prospects comprises all information which is material for the
          reasonable assessment of the financial and trading prospects of the
          Company or its subsidiaries as a whole.
     4.   The copy of the memorandum and articles of association of the Company
          which have been provided to the Purchaser are true and complete in all
          respects and have embodied in them or annexed to them a copy of every
          such resolution and agreement required by law to be annexed thereto
          and the Company has at all times carried on its business and affairs
          in all respects in accordance with its respective memorandum and
          articles of association and all such resolutions and agreements.
     5.   The Sale Interests at the date of this Agreement are fully paid up and
          are legally owned by the Vendors. There is not any guarantees ,
          mortgages or pledges and other forms of third party's benefit on, over
          or affecting the Sale Interests.
     6.   The accounting systems of the Company and its subsidiaries comply with
          `the Accounting Law of the People's republic of China' and other
          relevant accounting regulations and laws. All the books of the account
          of the Company and its subsidiaries are true and accurate in all
          material respects and there is no loss at the Date of the Balance
          Sheet of the Company;
     7.   At the Date of the Balance Sheet and the future, the Vendors shall
          disclose a true and fair view of the assets and liabilities of the
          Company and its subsidiaries and its profits for the financial year
          ended on such date and the future;

<PAGE>

     8.   The Company and its subsidiaries have paid all the taxes before the
          Completion or will pay all the taxes according to the tax laws and
          regulations and disclose all tax evasion or legally tax evasions or
          other tax problems which can seriously affect the Purchaser's intent
          to purchase the Sale Interests. The Company and its subsidiaries
          haven't or will not pay any fine, penalty and interests according to
          the tax laws, regulations and rules. The Company and its subsidiaries
          have not in the last 3 years been the subject of a discovery, audit or
          investigation by any Taxation authority and there are no facts which
          are likely to cause a discovery, audit or investigation to be made.
     9.   The Vendors covenant and undertake that prior to Completion and
          without the prior written consent of the Purchaser, the Vendors shall
          procure that the Company and its subsidiaries shall not:
          a.   incur any expenditure on capital account or enter into any option
               in respect of any part of its assets;
          b.   dispose of or agree to dispose of or grant any option in respect
               of any part of its assets;
          c.   borrow any money or make any payments out of or drawings on its
               bank account(s) other than routine payments;
          d.   enter into any unusual or abnormal contract or commitment;
          e.   make any loan;
          f.   enter into any leasing, hire, purchase or other agreement or
               arrangements for payment on deferred terms;
          g.   declare, make or pay any dividend or other distribution or do or
               suffer anything which may render its financial position less
               favourable than as at the date of this Agreement;
          h.   grant or issue or agree to grant or issue any mortgages, charges,
               debentures or other securities or give or agree to give any
               guarantees or indemnities;
          i.   make any change in the terms and conditions of employment or
               pension benefits of any of its directors or employees or employ
               or terminate (other than for good cause) the employment of any
               person;
          j.   create, issue or grant any option in respect of any class of
               share or loan capital or agree so to do;
          k.   in any other way depart from the ordinary course of its
               respective day-to-day business either as regards the nature scope
               or manner of conducting the same;
          l.   voluntarily contravene or fail to comply with any material
               obligation, statutory or otherwise; and m. do anything whereby
               its financial position will be rendered less favourable than at
               the date hereof.

     10.  After the date of the Contract, the Vendors required by the Purchaser
          shall hire the qualified and licensed CPA to audit the Company at each
          financial year.

7.2  THE WARRANTIES FROM THE PURCHASER

     1.   The Company is a company duly established and validly existing under
          the laws of the Hongkong and has the corporate powers and authorises
          to carry on the business presently carried on by it and to own and
          hold the assets used therewith.

          The Fintel Company is a listed company duly established and validly
          existing under the laws of USA.

     2.   The Purchaser procure that Fintel Company will issue the Consideration
          Shares according to the terms and conditions of this Contract.

8.   THE LIABILITIES OF THE BREACH OF THE CONTRACT

     8.1. The Vendors and Purchaser shall fulfill the Contract properly and in
          time, Should all or part of this Contract be unable to be fulfilled
          owing to the fault of one party, the breaching party shall bear the
          responsibilities thus caused.

     8.2. Should the Vendors break the warranties regulated in Clause 8.1 and
          cause the Purchaser's economic loss and expenses (including the legal
          fees), the Vendors shall bear the responsibilities thus caused.

9.   TERMINATION AND AMENDMENTS

     9.1. The Vendors and the Purchaser can agree in writing to terminate this
          Contract after negotiations. 9.2. The Vendors and the Purchaser can
          terminate this Contract according to the following conditions:

<PAGE>

          1.   Should this Contract be unable to be fulfilled materially due to
               the Force Majeure, the Vendors and the Purchaser have the rights
               to terminate this Contract without any liabilities.
          2.   Should one party be unable to fulfil this Contract improperly and
               cause to break this Contract fundamentally, the party who abides
               by this Contract has the rights to terminate this Contract, the
               breaching party shall bear the responsibilities thus caused.
          3.   Other conditions regulated by the relevant laws.

10.  CONFIDENTIALITY AND ANNOUNCEMENTS

     10.1. Each of the parties undertakes to the others that it will not, at any
          time after the date of this Agreement, divulge or communicate to any
          person other than to its professional advisers, or when required by
          law or any rule of any relevant stock exchange body or regulatory
          authorities, or to its respective officers or employees whose province
          is to know the same any confidential information concerning the
          business, accounts, finance or contractual arrangements or other
          dealings, transactions or affairs of any of the others which may be
          within or may come to its knowledge and it shall use its best
          endeavours to prevent the publication or disclosure of any such
          confidential information concerning such matters.
     10.2. No public announcement or communication of any kind shall be made in
          respect of the subject matter of this Agreement unless specifically
          agreed between the parties or unless an announcement is required
          pursuant to the applicable laws and the regulations or the
          requirements of any relevant stock exchange or any other regulatory
          body or authority. Any announcement by any party required to be made
          pursuant to any relevant laws or regulation or the requirements of the
          relevant stock exchange or any other regulatory body or authority
          shall be issued only after such prior consultation with the other
          party as is reasonably practicable in the circumstances.

11.  GOVERNING LAW AND JURISDICTION

     11.1. This Agreement shall be governed by and construed in accordance with
          the laws of Hong Kong.
     11.2. Any dispute, controversy or claim arising out of or relating to this
          Agreement, or the breach termination or invalidity thereof, shall be
          settled firstly by friendly negotiations ; In case no settlement can
          be reached through consultations, the disputes shall be submitted to
          the jurisdictional Court in HongKong.

12.  MISCELLANEOUS

     12.1. This Contract constitutes the entire agreement between the parties
          hereto with respect to the matters dealt with herein and supersedes
          all previous agreements, arrangements, statements, understandings or
          transactions between the parties hereto in relation to the matters
          hereof and the parties acknowledge that no claim shall arise in
          respect of any agreement so superseded.
     12.2. Any variation to this Agreement shall be binding only if recorded in
          a document signed by all the parties hereto.
     12.3. The obligations, liabilities (including without limitation, breach of
          Warranties) and undertakings of the Vendors shall be joint and
          several.
     12.4. This Agreement shall be binding upon and ensure for the benefit of
          the successors of the parties but shall not be assignable.
     12.5. All provisions of this Agreement, in so far as the same shall not
          have been performed at Completion, shall remain in full force and
          effect notwithstanding Completion.
     12.6. If any provision of this Agreement shall be held to be illegal or
          unenforceable, the enforceability of the remainder of this Agreement
          shall not be affected.
     12.7. The Purchaser shall not be responsible for any government fees and
          tax and other additional expenses(including lawyer fees) caused by the
          Vendors according to this Contract

IN WITNESS WHEREOF THIS CONTRACT HAS BEEN DULY EXECUTED BY ALL PARTIES HERETO
THE DAY AND YEAR FIRST ABOVE WRITTEN.

THE VENDORS

THE PURCHASER
FINTEL GROUP LTD.(STAMP)
AUTHORIZATION

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]