Document:

PATENT
      LICENSE

    

    This
      Agreement is entered into as of June 21, 2007, by and between Advanced Light
      Alloys Corporation aka ALA Corporation, a Barbados corporation having its
      principal place of business in St. Philip, Barbados, hereinafter referred to
      as
“Licensor,” and Element 21 Golf Company, a Delaware corporation having its
      principal place of business in Toronto, Canada, hereinafter referred to as
      “Licensee.” 

     

    RECITALS
      

    

    WHEREAS,
      Licensor owns the following United States Patents: United States Patent No.
      5620652 and United States Patent No. 5597529.

    

    WHEREAS,
      Licensee is desirous of acquiring a non-exclusive, world-wide right and license,
      to make, have made, use and sell, fishing line using the subject matter covered
      by the claims of said patents and Licensor is willing to grant such a license
      upon the terms and conditions hereinafter set forth. 

    

    NOW,
      THEREFORE, in consideration of the foregoing and of the mutual covenants, terms
      and conditions hereinafter expressed, the parties hereto hereby agree as
      follows: 

    

    I.
      DEFINITIONS

    

    As
      used
      herein, the following terms shall have the meanings set forth below:

    

    1.1 PATENT
      OR
      PATENTS means United States Patent No. 5620652 and United States Patent No.
      5597529, along with all foreign counterparts, divisions, continuations and
      reissues thereof. 

    

    1.2 LICENSED
      PRODUCTS means any and all types of fishing line which are covered by, or are
      produced using a process or utilize a method covered by, or constitute a method
      of use covered by, the claims of the PATENTS. 

    

    1.3 COMMENCEMENT
      DATE shall be the date first above written. 

    

    1.4 FIELD
      OF
      USE means fishing rods, tackle, fishing accessories. 

    

    1.5 FISCAL
      YEAR means the period beginning on July 1 and ending on June 30 of the next
      year. 

    

    1.6 NET
      SELLING PRICE means the invoiced price, F.O.B. or Ex-Works Licensee’s factory,
      after deduction of discounts, packaging, freight, duties and taxes, but before
      deduction of any other items. 

    

    II.
      LICENSE GRANT

    

    2.1 Licensor
      hereby grants to Licensee the non-exclusive, world-wide right and license to
      make, have made, use and sell LICENSED PRODUCTS in the FIELD OF USE. Licensee
      may sublicense such right and license to Licensee’s customers and to users of
      Licensee’s and its customer’s products; provided Licensee remains responsible
      for payment of the royalty due under the first sentence of Section 3.2 below.
      Licensee shall not be deemed to have granted a sublicense unless the same is
      in
      writing and references this Agreement. 

    

    III.
      ROYALTIES

     

    3.1 Within
      30
      days after execution hereof, Licensee will pay Licensor $1.00 in cash.

    

    3.2 In
      addition to the payment described in Section 3.1 above, Licensee agrees to
      pay
      Licensor during the term of this Agreement a royalty for each LICENSED PRODUCT
      sold or used by Licensee or its sublicensees (but not more than one royalty
      for
      each LICENSED PRODUCT) of 20% of the NET SELLING PRICE of the LICENSED PRODUCT.
      Licensee agrees that the minimum amount of royalty payable under this Section
      3.2 for each FISCAL YEAR beginning with the FISCAL YEAR starting June 1, 2007,
      shall be $100,000 USD. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3.3 For
      the
      purpose of this Article III, a LICENSED PRODUCT will be considered sold or
      used
      when Licensee has billed the purchaser therefor. Royalties paid on LICENSED
      PRODUCTS which are not accepted or are returned by the customer within ninety
      (90) days of delivery shall be credited to Licensee. 

    

    3.4 Licensee’s
      obligation to pay royalties hereunder shall cease upon the earlier of (i) the
      expiration of the last to expire of the PATENTS or (ii) the termination of
      this
      Agreement. The PATENTS shall be deemed to have expired upon the non-payment
      of
      the maintenance fee, upon the judgment of invalidity or unpatentability by
      a
      court or administrative agency of competent jurisdiction from which no appeal
      is
      taken or can be taken or upon expiration of the term of the PATENT.

    

    3.5 At
      the
      time Licensee delivers the accounting statement required by Section 8.1 below,
      Licensee shall simultaneously pay to Licensor a sum equal to the aggregate
      payment due based on the information contained in such accounting statement
      and
      consistent with this Agreement. 

    

    IV.
      INFRINGEMENT CLAIMS

    

    4.1 Licensor
      shall, at its election and expense, have the right, but not the obligation,
      to
      prosecute any and all claims against third parties for infringement of the
      PATENTS. Licensor shall also have the right, but not the obligation, to defend
      any and all claims against the validity of the PATENTS by third parties. If
      Licensor finds it necessary or desirable, it may join the Licensee as a party
      in
      any suit or proceeding against third parties alleging infringement of the
      PATENTS. Should Licensor elect not to prosecute or defend or not to continue
      to
      prosecute or defend any claim, action or proceeding described above, it shall
      promptly give notice thereof to the Licensee and the Licensee shall have the
      right, at its own expense, to prosecute or defend or continue the prosecution
      or
      defense of such claim, action or proceeding. 

    

    V.
      REPRESENTATIONS, WARRANTIES AND COVENANTS OF LICENSOR

    

    5.1 Licensor
      represents and warrants to Licensee that Licensor is the sole owner of the
      PATENTS, free and clear of all liens and encumbrances, and has the full power
      and authority to grant the license provided for in this Agreement. 

    

    5.2 Licensor
      represents and warrants that the license granted to Licensee hereunder does
      not
      and will not conflict with or violate the terms of any agreement between
      Licensor and any third party. 

    

    5.3 To
      the
      knowledge of Licensor, the PATENTS do not conflict with or infringe upon the
      property rights of any other person, and no person has asserted any such
      conflict or infringement. 

    

    5.4 Nothing
      contained in this Agreement shall be construed as a representation or warranty
      by Licensor as to the validity or scope of the PATENTS. 

    

    VI.
      TERM

    

    6.1 The
      term
      of this Agreement shall commence on the COMMENCEMENT DATE and shall end on
      the
      expiration date of the last to expire of the PATENTS, unless terminated sooner
      pursuant to Article VII below. 

    

    VII.
      DEFAULT AND TERMINATION

    

    7.1 Licensee
      will be deemed to be in default hereunder if (i) Licensee fails to pay any
      sum
      due and payable hereunder within thirty (30) days after notice from Licensor
      that the same has become due and payable, (ii) Licensee breaches any material
      covenant made by it hereunder and fails to remedy such breach within thirty
      (30)
      days after notice thereof from Licensor, or (iii) Licensee fails to render
      an
      accounting statement and payment for all royalties due within ninety (90) days
      of the end of the FISCAL YEAR (which failure is not cured within thirty (30)
      days after notice of such failure from Licensor), iv) Licensee circumvents
      patents, material suppliers and manufacturers of scandium alloys under this
      agreement . In the event of Licensee’s default hereunder, Licensor may terminate
      this Agreement by giving Licensee written notice of termination. In the event
      that Licensee is in default hereunder or termination of this Agreement occurs
      pursuant to this Section 7.1 or for any other reason, the sole and exclusive
      remedy which Licensor shall have will be the termination of this Agreement
      and
      the right to recover unpaid royalties (including any accrued unpaid minimum
      royalties). 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    7.2 At
      any
      time on or prior to May 31 of each year, Licensee shall have the right to
      terminate this Agreement for the next FISCAL YEAR by giving written notice
      of
      termination to Licensor and paying Licensor any unpaid royalty accrued prior
      to
      such termination pursuant to Section 3.2 above. 

    

    VIII.
      ACCOUNTING

    

    8.1 Licensee
      agrees to keep regular books of account and to render a statement within ninety
      (90) days after the end of each FISCAL YEAR setting forth the number of LICENSED
      PRODUCTS sold, and the royalty due thereon, and shall accompany each such
      statement with a remittance covering the royalty due. Such books of account
      shall be open at reasonable business hours for inspection by Licensor or its
      duly authorized representative. 

    

    8.2 The
      accountants then regularly employed by the Licensee shall audit the number
      of
      LICENSED PRODUCTS sold, which audit shall be delivered to Licensor together
      with
      the Licensee’s written statement. The parties agree that for purposes of the
      audit the accountants shall only count the number of sublicenses granted in
      writing by Licensee pursuant to this Agreement. 

    

    IX.
      INDEMNITY

    

    9.1 Licensee
      agrees to indemnify and hold harmless the Licensor from and against any product
      liability and patent infringement claims that may be asserted against Licensor
      based upon or arising out of Licensee’s manufacture or sale of LICENSED
      PRODUCTS. 

     

    X.
      RIGHT
      OF ASSIGNMENT

     

    10.1 Licensee
      may assign its rights and duties under this Agreement to any purchaser of all
      or
      substantially all its business to which this license pertains, to any
      corporation, joint venture or other entity in which Licensee has an interest
      or
      to any successor to Licensee by way of merger or consolidation. Subject to
      the
      foregoing, this Agreement shall be binding upon and inure to the benefit of
      the
      parties hereto and their successors and assigns. 

    

    XI.
      MISCELLANEOUS

    

    11.1 This
      Agreement constitutes the entire understanding between the parties with respect
      to the subject matter hereof. This Agreement may not be amended or modified
      except by a written instrument executed by all parties. 

    

    11.2 This
      Agreement shall be governed by, and construed in accordance with, the laws
      of
      the State of Delaware applicable to contracts entered into and to be wholly
      performed within that state. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    11.3 All
      notices hereunder shall be in writing and shall be given (and shall be deemed
      to
      have been duly given upon receipt) by delivery in person, or by registered
      or
      certified mail (postage prepaid, return receipt requested) to the respective
      parties at the following addresses (or to such other address for a party as
      shall be specified by like notice): 

    

    If
      to
      Licensee: 

    

    Element
      21 Golf Company

    200
      Queen's Quay E, Unit 1

    Toronto,
      ON M5S 4K9, Canada

    Attn:
      President

    

     

    If
      to
      Licensor: 

    

    Advance
      Light Alloys Corporation aka ALA Corporation

    Suite
      100, One Financial Place

    Lower
      Collymore Rock, St. Michael, Barbados

    c/o
      Mrs.
      S.Vilto, Finance 

    

    11.4 If
      any
      provision of this Agreement is held by a court of competent jurisdiction to
      be
      invalid, void, or unenforceable, the remainder of the provisions shall remain
      in
      full force and effect and shall in no way be effected, impaired or invalidated.
      

    

    11.5 This
      Agreement may be executed in counterparts, each of which shall be deemed an
      original, but all of which together shall constitute one and the same
      instrument. 

    

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

    

    LICENSOR:

    By: 
      

    
      

    

    President
      

    CEO

    ALA
      CORP.

    

    

    LICENSEE:

    By:  

    
      

    

    President

    CEO

    E21GOLFJuly
      2,
      2007

    

    

    

    

    The
      Transferor: LI
      YI

    

    

    The
      Transferee: CHINA
      SAFETECH HOLDINGS LIMITED

    

    

    
      	 	
              Party
                C:

            	
              CHINA
                SECURITY & SURVEILLANCE TECHNOLOGY,
                INC.

            

    

    

    

    
      	     
 
	
               

               

               

              Equity
                Transfer Agreement

              of

              All
                Issued Shares 

              of
                

              Ocean
                Pacific Technology Limited

              (English
                Translation)

               

               

               

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    This
      Equity Transfer Agreement (the “Agreement”)
      is
      entered into by and among the following parties on July 2, 2007:

     

    
      	
              (1)

            	
              LI
                YI
                whose address is Flat 616, Sheung Tsan House, Sheung Tak Estate,
                Tseung
                Kwan O, Kowloon, Hong Kong (PRC Hong Kong Special Administrative
                Region ID
                Card No.: P325714(6)) (hereinafter referred to as “Transferor”);

            

    

    

    
      	
              (2)

            	
              CHINA
                SAFETECH HOLDINGS LIMITED,
                a
                company incorporated in British Virgin Islands, whose address
                is
                F13, Press Plaza, Shennan Avenue Special Zone, Futian District, Shenzhen
                (hereinafter
                referred to as “Transferee”);

            

    

    

    
      	(3)	
              CHINA
                SECURITY & SURVEILLANCE TECHNOLOGY, INC.,
                a
                company incorporated in Delaware, United States, whose address is
                F13,
                Press Plaza, Shennan Avenue Special Zone, Futian District, Shenzhen
                (hereinafter
                referred to as“Party
                C”);

            

    

    

    The
      Transferor, the Transferee and Party C above shall be individually referred
      to
      as a “Party”
and
      collectively referred to as the “Parties”.

    

    
      
        WHEREAS
          OCEAN
          PACIFIC TECHNOLOGY LIMITED,
          a
          limited liability company legally organized and validly existing under
          the
          Company Ordinance of Hong Kong, whose company data are listed as Exhibit
          I
          (hereinafter referred to as “Ocean
          Pacific”),
          and
          whose all issued shares are beneficially held by the
          Transferor.

      

    

    

    WHEREAS Ocean
      Pacific invested and established Hangzhou Tsingvision Intelligence System Co.,
      Ltd., a wholly foreign owned company legally organized and validly existing
      under the laws of the People’s Republic of China, whose company data are listed
      as Exhibit III (hereinafter referred to as “Tsingvision”),
      and
      whose all shares are beneficially held by Ocean Pacific.

    

    WHEREAS The
      Transferee desires to purchase from the Transferor and the Transferor desires
      to
      transfer to the Transferee 100% issued and outstanding shares of Ocean Pacific.
      Upon completion of the transfer under this Agreement, the Transferee shall
      indirectly and fully acquire 100% shares and control power of
      Tsingvision.

    

    NOW,
      THEREFORE,
      the
      Parties hereby agree as follows:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Article
      1 Definitions

    

    
      
        	1.1	
                Unless
                  otherwise defined in this Agreement, the following terms shall
                  have the
                  meanings indicated as follow:

              

      

    

    

    
      	
              “Company
                Ordinance”

            	
              means
                Chapter 32 Company Ordinance of the laws of Hong Kong;

            
	 	 
	
              “Shares
                for Transfer”

            	
              means
                10,000 common share of Ocean Pacific owned by the Transferor to be
                transferred from the Transferor to the Transferee under this Agreement,
                which are 100% issued and outstanding shares of Ocean Pacific (for
                details
                please refer to Exhibit II - Part A);

            
	 	 
	
              “Share
                Transfer”

               

               

               

            	
              means
                100% issued shares of Ocean Pacific to be transferred from the Transferor
                to the Transferee under Article 2.1 hereof;

            
	 	 
	
              “Total
                Transfer Price”

            	
              means
                total price paid to the Transferor by the Transferee under Article
                3.1
                hereof;

            
	 	 
	
              “Closing
                Date”

            	
              July
                2, 2007;

            
	 	 
	
              “Accounts
                of Ocean Pacific”

               

            	
              means
                management and financial statements of Ocean Pacific as of June 30,
                2007,
                the copies of which are attached as Exhibit A hereof;

            
	
              “Tsingvision
                Accounts”

            	
              means
                financial statements of Tsingvision as of December 31, 2006 verified
                by
                PRC auditors, and management and financial statements of Tsingvision
                as of
                March 31, 2007, the copies of which are attached as Exhibit B
                hereof;

            
	 	 
	
              “Business
                Day and Working Hours”

            	
              means
                the days when banks in Hong Kong normally provide general bank services
                (excluding Saturday, Sunday and other Hong Kong public holidays)
                and
                general working hours;

            
	
              “PRC”

            	
              means
                People’s Republic of China;

            
	 	 
	
              “Hong
                Kong”

            	
              means
                Hong Kong Special Administrative Region of PRC;

            
	 	 
	
              “HKD”

            	
              means
                legal currency of Hong Kong;

            
	 	 
	
              “USD”

            	
              means
                legal currency of United States;

            
	 	 
	
              “RMB”

            	
              means
                legal currency of PRC.

            

    

    

    
      	1.2	
              In
                this Agreement:

            

    

    

    
      	 	
              (i)

            	
              Any
                rule or law involved herein shall include any and all amendments,
                supplements or reenactments hereof from time to
                time;

            

    

    

    
      	 	
              (ii)

            	
              Words
                and terms contained in the Companies Ordinance shall be interpreted
                according to definitions stipulated in the Companies Ordinance except
                as
                otherwise defined or stated in this Agreement, however, any amendment
                or
                change to the Companies Ordinance shall be excluded which is not
                enforced
                before or on the date to execute this
                Agreement.

            

    

    

    
      	 	
              (iii)

            	
              Single
                word also includes plural meaning; word referred to any gender also
                includes the other gender and neuter, word referred to person also
                includes groups (legal person or non-legal person) and (under every
                circumstance), vice versa;

            

    

    

    
      	 	
              (iv)

            	
              Hereabove
                mentioned the parties, descriptions, exhibits, appendices and terms
                and
                conditions shall be respectively referred to the parties, descriptions,
                exhibits, appendices and terms and conditions hereof;
                and

            

    

    

    
      	 	
              (v)

            	
              The
                headings and table of contents in this Agreement are provided for
                reference only and will not affect its construction or
                interpretation.

            

    

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    Article
      2 Share Transfer

    

    
      	2.1	
              As
                per stipulations in this Agreement, the Transferor, as the actual
                interest
                holder of all outstanding shares of Ocean Pacific (for more details
                please
                refer to Part A, Exhibit II), will transfer such shares to be transferred
                to the Transferee (for more details please refer to Part B, Exhibit
                II).
                After such transfer, the Transferee will own 100% outstanding shares
                of
                Ocean Pacific.

            

    

    

    
      	2.2	
              Upon
                the completion of transaction hereunder, Shares for Transfer shall
                be free
                and clear of any mortgage, lien or property encumbrances of any form,
                and
                Shares for Transfer shall be transferred with all rights attached
                or
                accumulated thereto, including all dividends, profits, the investment
                in
                Tsingvision by Ocean Pacific and relevant benefits accumulated and
                distributed from the completion
                date.

            

    

    

    

    Article
      3 Transfer
      Price

    

    
      	3.1	
              Transfer
                Price

            

    

    

    The
      Transferor and the Transferee hereby agree that the Transferor shall transfer
      to
      the Transferee Shares for Transfer. In return, the Transferee shall pay to
      the
      Transferor total transfer price of RMB 50,000,000 in cash and shares listed
      on
      US OTCBB by Party C with the value of RMB 49,345,666.

    

    
      	3.2	
              Method
                of Payment

            

    

    

    The
      Transferee shall pay total transfer price to the Transferor as
      follows:

    

    
      	
            	(1)	
              The
                Transferee has paid to the Transferor RMB 50,000,000 in cash as
                of the Closing Date. 

            

    

    

    
      	
            	(2)	
              The
                Transferee (through the parent company, Party C) shall issue restricted
                shares equal to RMB49,345,666
                to
                the
                Transferor
                or
                its designees within
                ninety days after the execution date of this Agreement, and the share
                value shall be calculated on the average closing price (USD14.115/share)
                of twenty trading days before the Closing Date (459,000 shares) to
                the
                Transferor. 

            

    

    

    
      	3.3	
              Exchange
                Rate

            

    

    

    Cash
      portion of the total transfer price shall be paid by the Transferee to the
      Transferor in USD. Exchange Rate shall be U.S. $1=RMB7.6165.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    Article
      4 Closing

    

    
      	4.1	
              The
                share transfer shall be completed on the Closing Date at the place
                stipulated by both parties in accordance with Exhibit
                V.

            

    

    

    
      	
              4.2

            	
              Terms
                and conditions to be performed hereof shall remain in force after
                the
                Closing Date.

            

    

    

    
      	4.3	
              From
                the Closing Date, debts and credits and all risks of Ocean Pacific
                and
                Tsingvision shall be promptly borne by the Transferee (except otherwise
                undertaken by the Transferor in Exhibit
                IV).

            

    

    

    
      	4.4	
              From
                the Closing Date, the Transferee shall have the right to consolidate
                the
                profits of Ocean Pacific and Tsingvision with the Transferee group.
                At the
                meantime, the Transferee shall have the right to appoint manager
                or
                financial person, or authorize to appoint existing personnel of Ocean
                Pacific and Tsingvision to take charge of management and operation
                of
                Ocean Pacific and Tsingvision as well as all files, materials, financial
                documents and so on. The Transferor shall not enjoy any shareholder
                right
                and/or interest of Ocean Pacific and Tsingvision from the Closing
                Date
                because of such Share Transfer, provided however, the Transferor
                shall be
                liable for all obligations that are required to be borne by the Transferor
                under applicable laws and this
                Agreement.

            

    

     

    Article
      5 Warrants,
      Representations and Covenants of the Transferor

    

    
      	5.1	
              In
                addition to the information disclosed in this Agreement, the Transferor
                warrants, represents and covenants to the Transferee under terms
                and
                conditions stipulated in Exhibit IV, which also constitute the base
                for
                the Transferee to accept the Shares for Transfer.

            

    

     

    
      	5.2	
              The
                Transferor covenants that the audited after tax net income of Tsingvision
                for 2007 shall reach RMB10 million provided that the managements
                of
                Tsingvision shall
                remain materially intact. If its after tax net income reaches RMB10
                million , the Transferee shall release 137,700 shares pledged by
                the
                Transferor (“2007
                Pledged Shares”);
                the Transferor further covenants that the audited after tax net income
                of
                Tsingvision for 2008 shall reach RMB15 million. If its after tax
                net
                income reaches RMB15 million , the Transferee
                shall release 137,700 shares pledged by the Transferor (“2008
                Pledged Shares”).
                If its audited after tax net income for 2007 is less than RMB 8 million,
                then none of the 2007 Pledged Shares shall not be returned to the
                Transferor. If its audited after tax net income for 2007 is less
                than
                RMB10 million but no less than RMB 8 million, then the amount of
                2007
                Pledged Shares that shall be returned to the Transferee shall equal
                to
                [(RMB 10 million - the actual after tax net income of Tsingvision
                for
                2007) /RMB 10 million] multiplied by the 2007 Pledged Shares. If
                its
                audited after tax net income for 2008 is less than RMB12 million,
                then
                none of the 2008 Pledged Shares shall not be returned to the Transferor.
                If its audited after tax net income for 2008 is less than RMB15 million
                but no less than RMB 12 million, then the amount of 2008 Pledged
                Shares
                that shall be returned to the Transferee shall equal to [(RMB 15
                million -
                the actual after tax net income of Tsingvision for 2008) /RMB 15
                million]
                multiplied by the 2008 Pledged Shares.

            

    

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    Article
      6 Warrants,
      Representations and Covenants of the Transferee and Party
      C

    

    
      	6.1	
              The
                Transferee covenants to keep the organization structure of Ocean
                Pacific
                and Tsingvision after the Share Transfer, expand its brand influence,
                fully support business development of Ocean Pacific and Tsingvision.
                The
                Transferee shall also provide financial support as required by business
                based on the real situation according to relevant laws and
                regulations

            

    

    

    
      	6.2	
              The
                Transferee covenants that existing employees of Ocean Pacific and
                Tsingvision shall remain employed given that they are willing to
                stay and
                their stay will not impede development of companies after Share Transfer;
                arrangement of senior management and technical staff and the operation
                rights and benefits of such persons shall be governed by separate
                agreements to be entered after the Share Transfer. In addition, the
                Transferee covenants that benefits of such persons shall not be lower
                than
                their previous benefits.

            

    

    

    
      	6.3	
              The
                Transferee shall provide appropriate operation funds to Ocean Pacific
                and
                Tsingvision in time in order to support the Transferor to realize
                profits
                after tax for 2007 and 2008, dates and amounts of providing such
                funds
                shall be otherwise stipulated. 

            

    

    

    
      	6.4	
              Party
                C shall file relevant reports with the U.S. Securities and Exchange
                Committee (“SEC”) according to law and issue shares to the Transferor
                under Article 3.2.1(3) hereof after the execution of this
                Agreement.

            

    

    

    Article
      7 Governing
      Law

    

    This
      Agreement shall be governed and construed by rules and laws of Hong
      Kong.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    Article
      8 Settlement
      of Disputes and Agent of Receiving Legal Procedure
      Documents

    

    
      	8.1	
              Any
                dispute arising out of or relating to this Agreement, shall be settled
                by
                friendly negotiation and discussion. If no agreement is reached through
                friendly negotiation and discussion, such dispute shall be finally
                arbitrated by Hong Kong International Arbitration Center(HKIAC) in
                accordance with HKIAC Arbitration Rules then in effect. Unless otherwise
                provided in the arbitration rules of HKIAC then in effect, the arbitration
                shall be the sole and exclusive method and procedure of any dispute
                arising out of or relating to this
                Agreement.

            

    

    

    
      	8.2	
              The
                Parties to this Agreement agree that unless not permitted by the
                applicable laws and rules, the arbitration terms hereto shall be
                interpreted as and constitute the currently effective arbitration
                agreement in writing with legal effect, and shall be granted with
                such
                effect. The Parties to this Agreement hereby expressly waive any
                right of
                possibly requested local administrative, judicial or alternative
                dispute
                settlement methods, as the conditions of any settlement procedure
                which
                arising out of this Agreement.

            

    

    

    
      	8.3	
              The
                Parties to this Agreement expressly represent that the award made
                according to Article 8 hereof shall be final award binding upon the
                Parties. In addition, the Parties to this Agreement hereby waive
                the right
                to appeal the award made according to Article 8 hereof. The Article
                8
                shall constitute the most comprehensive exclusive agreement to the
                extent
                permitted by the applicable laws.

            

    

    

    
      	8.4	
              (1)  
                The
                Transferee irrevocably entrusts BOYU ENTERPRISE CONSULTING CO. LIMITED,
                whose address is Unit B1, 9/F, Loyong Court Commercial Building,
                212-220
                Lockhart Road, Wanchai, Hong Kong (“Agent”),
                to receive legal procedure documents and to be on behalf of the Transferee
                to receive claims arising out of or relevant to the Agreement or
                the legal
                procedures in Hong Kong (including but not limited to, claims for
                reimbursement, summons, arbitration application and arbitration award)
                (“Legal Procedure Documents”).

            

    

    

    
      	
            	(2)	
              Transferee
                undertakes to consecutively entrust the Agent as the agent of receiving
                Legal Procedure Documents, in order to on behalf of the Transferee
                receive
                Legal Procedure Documents in Hong Kong and immediately notify the
                Transferor in writing if the Agent or its address is
                modified.

            

    

     

    
      	
            	(3)	
              The
                Transferee agrees and confirms that Legal Procedure Documents which
                have
                been sent to its Agent shall be deemed as having been sent to any
                Transferee.

            

    

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    Article
      9 Liabilities for Breach of Contract

    

    
      	9.1	
              If
                any representations or warrants made by any Party in this Agreement
                are
                untrue or false, it shall be deemed as breach of contract by the
                Party.

            

    

    

    
      	9.2	
              Any
                Party to this Agreement changes minds on purpose and cause the failure
                of
                the share transfer, it shall be deemed as breach of contract by the
                Party.

            

    

    

    
      	9.3	
              The
                breaching party shall, in addition to performance of other obligations
                under this Agreement, compensate the complying party all losses,
                damages,
                expenses suffered by the observant party due to breach of contract
                caused
                by breaching party.

            

    

    

    
      	9.4	
              If
                the Transferor changes minds on purpose and cause that the shares
                can not
                be transferred to the Transferee or the shares is forfeited after
                transfer, the Transferee shall have the right to terminate the Agreement,
                and the Transferor shall return the share transfer price or the shares
                and
                assume liabilities under Article 9.3 of this
                Agreement.

            

    

     

    Article
      10 Force
      Majeure and Change of Circumstances

    

    
      	10.1	
              If
                any Party to this Agreement can not perform any part or all of the
                terms
                hereto directly or indirectly because of events such as fire, flood,
                earthquake or other unforeseeable, unavoidable and/or uncontrollable
                events, the Party shall be exempted from liabilities to the extent
                as
                affected by force majeure.

            

    

    

    
      	10.2	
              If
                any Party or Parties lose(s) its/their interests under this Agreement
                because of legislation, or administration order or specific administration
                act of government, any Party shall have the right to terminate this
                Agreement and to restore to the conditions before the execution of
                this
                Agreement.

            

    

    

    
      	10.3	
              Any
                Party affected by force majeure shall deliver the other Party the
                written
                notice regarding the occurrence of force majeure within 12 days after
                the
                occurrence of the force majeure
                event.

            

    

    

    
      	10.4	
              After
                the occurrence of force majeure event, the Parties to this Agreement
                shall
                immediately consultant and decide whether to delay the performance
                of this
                Agreement to a day in the future agreed by the Parties or to terminate
                this Agreement.

            

    

    

    
      	10.5	
              If
                any Party delays or unable to perform all or part of the terms of
                this
                Agreement for more than 30 days as a result of force majeure, the
                other
                Party shall have the right to rescind this Agreement, and the Parties
                shall take all necessary actions to restore the rights and obligations
                of
                all parties to their respective original
                positions.

            

    

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    Article
      11 Miscellaneous

    

    
      	11.1	
              This
                Agreement and its involved relevant documents constitute the full
                understanding of the Parties regarding the share transfer, and replace
                any
                previous intention, expression and understanding of the
                Parties.

            

    

    

    
      	11.2	
              If
                any term of this Agreement is regarded as illegal, invalid or
                unenforceable at any time, the validity, effectiveness and enforceability
                of other terms of this Agreement shall not be affected or impaired
                in any
                way and shall remain the full
                validity.

            

    

    

    
      	11.3	
              This
                Agreement shall bind the Parties and their respective successors
                and
                assignees. The interests of this Agreement shall be assigned to the
                Parties hereto and their respective successors and assignees. Without
                the
                permission of the Parties in writing, any Party shall not amend,
                modify or
                revise this Agreement.

            

    

    

    
      	11.4	
              This
                Agreement shall be effective upon
                signatures.

            

    

    

    
      	11.5	
              Without
                the permission of the Parties in writing (the relevant permission
                shall
                not be withheld without reasonable reasons), the Parties hereto shall
                not
                transfer any rights or obligations under this
                Agreement.

            

    

    

    
      	11.6	
              The
                Parties agree to bear all the cost and expense in respect of the
                negotiation, preparation, execution and performance of the Agreement
                and
                the taxes arising from the transfer of Shares for Transfer. The stamp
                tax
                and all other tax and expenses arising out of the transfer of Shares
                for
                Transfer (including but not limited to, arising out of in China or
                in any
                other areas), shall be borne and paid by the
                Transferor.

            

    

    

    
      	11.7	
              Unless
                provided and required by laws, regulations, order or judgments by
                the
                competent authorities or courts (including, but not limited to, applicable
                regulation of security exchanges), without the previous permission
                and
                approval of the other Party in writing (the relevant permission or
                approval shall not be withheld without reasonable reasons), any Party
                shall not make or distribute any related press statement or
                announcement.

            

    

    

    
      	11.8	
              Without
                the prior permission of the other Party in writing, any Party shall
                not
                disclose the Agreement or any content or material in connection with
                any
                transaction of this Agreement, excluding the following disclosure:
                

            

    

    

    
      	 	
              (1)

            	
              the
                disclosure is made according to the provisions of applicable laws,
                regulations and rules (including, but not limited to, regulations
                of
                security exchanges) or requirements of relevant government authorities
                or
                supervision authorities, or court
                orders;

            

    

    

    
      	 	
              (2)

            	
              the
                disclosure is made to Ocean Pacific, Tsingvision, or its higher competent
                authorities or approval and examination authorities, or to contacted
                bank
                or professional consultant of the disclosing
                Party;

            

    

    

    
      	 	
              (3)

            	
              the
                disclosure is made by the Transferor to the company of its company
                group
                or senior management thereof. 

            

    

    

    
      	11.9	
              If
                any term of this Agreement is or becomes illegal, invalid or unenforceable
                at any time in any respect, other terms of this Agreement shall not
                be
                affected or impaired.

            

    

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    
      	11.10	
              Any
                notice required to be sent under this Agreement shall be sent in
                writing.
                The notice shall be delivered to the following address or fax number
                or
                other address or fax number that the recipient designates according
                to
                this Agreement:

            

    

    

    
      	
            	(1)	
              The
                Transferor: LI
                Yi

            

    

    Address: Flat
      616,
      Sheung Tsan House, Sheung Tak Estate, Tseung Kwan O, Kowloon, Hong
      Kong

    Telephone:(852)
      2116 1199

    Fax: 
      (852)
      2116 1232

    

    
      	
            	(2)	
              The
                Transferee:  CHINA
                SAFETECH HOLDINGS LIMITED 

            

    

    Adress:
      Floor 13, Press
      Plaza, Shennan Avenue Special Zone, Futian District, Shenzhen

    Telephone: 
(86-755)
      8351 0888

    Fax: 
(86-755)
      8351 0815

    

    
      	
            	(3)	
              Party
                C: CHINA
                SECURITY & SURVEILLANCE TECHNOLOGY,
                INC.

            

    

    Address: 
      Floor
      13,
      Press Plaza, Shennan Avenue Special Zone, Futian District, Shenzhen

    Telephone: 
      (86-755)
      8351 0888

    Fax: 
      (86-755)
      8351 0815

    

    
      	11.11	
              Any
                notice can be sent by mail with postage pre-paid, personal delivery,
                courier with good reputation or by facsimile, and shall be deemed
                as
                delivered at the following time: 

            

    

    

    
      	
            	(1)	
              two
                days (seven days if sending by airmail with postage prepaid) after
                post
                (the date of postmark is the posting date) for those sent by mail
                with
                postage prepaid;

            

    

    

    
      	
            	(2)	
              the
                next business day for those sent by
                fax;

            

    

    

    
      	
            	(3)	
              the
                receiving time for those sent by courier or personal
                delivery.

            

    

    

    Any
      notice to the Transferee, when properly delivered to any Transferee, shall
      be
      regarded as delivered to the other Transferee.

    

    
      	11.12	
              This
                Agreement shall be written in Chinese in three copies with each Party
                holding one copy.

            

    

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      this
      Agreement has been executed by the Parties on the date first above written
      and
      the Parties confirm that the Parties have carefully and detailedly read and
      fully understand all the contents of the Agreement before the conclusion of
      the
      Agreement.

    

    
      	
              The
                Transferor

              LI
                Yi

            	 
	
              Signature:
                /s/ LI
                Yi

            	 
	
              Place
                of Signature:  Shenzhen

            	 

    

    

    

    Witness: 
      PENG
      Yaoguang

    

    The
      Transferee

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

    

    
      	
              TU
                Guoshen
                for and on behalf of

              CHINA
                SAFETECH HOLDINGS LIMITED

            	 
	
               

            	 
	
              Signature: 
                /s/
                Guoshen Tu 
                

              

              Place
                of Signature:  Shenzhen

            	 
	
               

              
Witness: 
LUO
                Ganqi

               

               

              Party
                C

              To
                execute, chop and deliver

              TU
                Guoshen
                for and on behalf of

              CHINA
                SECURITY & SURVEILLANCE TECHNOLOGY, INC.

            	 
	 	 
	
              Place
                of Signature:  Shenzhen

               

               

              Witness: 
                LUO
                Ganqi

            	 

    

    
 

    
      
        
        

      

      -11-

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