Document:

Loan
Agreement

            

    

    

    Loan
Agreement

    

    This loan
agreement (the “Agreeement”) in entered in by
and between the following two Parties on 7th July,
2010.

    

    Borrower: [Moqizone] Holdings
Limited (the “Lender”), a limited liability
company incorporated under the laws of Cayman Islands with the business address
at 7A-D Hong Kong Industrial Building, 444-452 Des Voeux Road West, Hong Kong;
and

    

    Lender: Smart Lead Enterprises
Limited, a limited liability company incorporated under the laws of
British Virgin Islands with the address at P.O. Box 3444, Road Town, Tortola,
British Virgin Islands.

    

    Each of
the Lender and the Borrower shall be hereinafter referred to as a “Party”
respectively, and as the “Parties” collectively.

    

    Whereas:

    

    The
Borrower and the Lender entered into a Share Transfer Agreement (the “Share Transfer Agreement”).
The Borrower acquired 51% shares in Viva Red Company Limited (“Viva Red”), a limited
liability company incorporated under the laws of British Virgin Islands, and
shall pay US$490,000 in cash as the first installment of the share transfer
price to the Lender after the fulfillment of the conditions provided in the
Share Transfer Agreement. The Lender agrees to lend the said amount of money to
the Borrwoer for the operation of Viva Red. The Agreement is hereby entered
into.

    

    The
Parties hereby reach the following agreemtns after friendly
consultation.

    

    
      	
              1.

            	
              Loan

            

    

    

    
      
        	
              	
                1.1

              	
                In
      accordance with the terms and conditions of this Agreement, Lender agrees
      to provide a loan in the amount of US$490,000 (the “Loan”) to the
      Borrower. The term of the Loan shall be 2 years from the date of this
      Agreement, which may be extended upon mutual written consent of the
      Parties. The Lender shall not request advanced repayment without the prior
      written consent of the
Borrower.

              

      

    

    

    
      
        	
              	
                1.2

              	
                Lender
      agrees to adopt the RMB to US dollar exchange rate of the date of the
      Aagreement as the settlement exchange rate, which is RMB6.8010 per US$.
      Therefore, the Loan is RMB 3,332,490. Borrower shall repay the Loan in
      Renminbi.

              

      

    

    

    
      
        	
              	
                1.3

              	
                Borrower
      agrees that from the month in which the Loan is effective, Borrower shall
      pay at the end of each month the annual fund management fee at 8% which is
      allocated equally to 12
monthes.

              

      

    

    

    
      
        	
              	
                1.4

              	
                The
      Loan hereunder shall be wired to the account of the Borrower or Viva Red
      as stipulated in the Share Transfer
Agreement.

              

      

    

    
      
         

      

      
        
          1

        

        
          

        

      

      
         

      

    

    

    
      	
              Loan
Agreement

            

    

    

    
      	
              2.

            	
              Use of The
      Loan

            

    

    

    The Loan
hereunder shall be used compeleted as the working capital for Viva Red’s normal
business operation. The Loan shall not be used for other purposes without the
Lender’s prior written consent, including without limitation the loan to any
third party, long-term investment and speculation, etc.

    

    
      	
              3

            	
              Representations and
      Warranties

            

    

    

    
      
        	
              	
                3.1

              	
                Between
      the date of this Agreement and the full performance of this Agreement,
      Lender represents and warranties to the Borrower as the
      following:

              

      

    

    

    
      
        	
              	
                3.1.1

              	
                Lender
      is duly organized and validly existing under the laws of British Virgin
      Islands.

              

      

    

    

    
      
        	
              	
                3.1.2

              	
                Lender
      has the legal capacity to execute and perform this Agreement. The
      execution and performance by Borrower of this Agreement is consistent with
      the provisions of Borrower's corporate bylaws and other organizational
      documents, and Borrower has obtained all necessary and proper approvals
      and authorizations for the execution and performance of this
      Agreement.

              

      

    

    

    
      
        	
              	
                3.1.3

              	
                This
      Agreement constitutes Lender's legal, valid and binding obligations,
      enforceable in accordance with its terms;
and

              

      

    

    

    
      
        	
              	
                3.1.4

              	
                There
      are no disputes, litigations, arbitrations, administrative proceedings or
      any other legal proceedings relating to Lender, nor are there any
      potential disputes, litigations, arbitrations, administrative proceedings
      or any other legal proceedings relating to
  Lender.

              

      

    

    

    
      
        	
              	
                3.2

              	
                Between
      the date of this Agreement and the complete fuifillment of this Agreement,
      the Borrower represents and warranteis to the Lender as the
      following:

              

      

    

    

    
      
        	
              	
                3.2.1

              	
                Borrower
      is duly organized and validly existing under the laws of [Cayman]
      Islands;

              

      

    

    

    
      
        	
              	
                3.2.2

              	
                Borrower
      has the legal capacity to execute and perform this Agreement. The
      execution and performance by Lender of this Agreement is consistent with
      the provisions of Borrower's corporate bylaws and other organizational
      documents, and Borrower has obtained all necessary and proper approvals
      and authorizations for the execution and performance of this Agreement.
      and

              

      

    

    

    
      
        	
              	
                3.2.3

              	
                This
      Agreement constitutes Borrower's legal, valid and binding obligations,
      enforceable in accordance with its terms;
and

              

      

    

    

    
      
        	
              	
                3.2.4

              	
                There
      are no disputes, litigations, arbitrations, administrative proceedings or
      any other legal proceedings relating to Lender, nor are there any
      potential disputes, litigations, arbitrations, administrative proceedings
      or any other legal proceedings relating to
  Borrower.

              

      

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    
      	
              Loan
Agreement

            

    

    

    
      	
              4

            	
              Liability
      for Default

            

    

    

    
      
        	
              	
                4.1

              	
                In
      the event either Party breaches this Agreement or otherwise causes the
      non-performance of this Agreement in part or in whole, the Party shall be
      liable for such breach and shall compensate all damages (including
      litigation and attorneys fees) resulting therefrom. In the event that both
      Parties breach this Agreement, each Party shall be liable for its
      respective breach.

              

      

    

    

    
      
        	
              	
                4.2

              	
                This
      Agreement shall be terminated upon the occurance of the following: the
      Parties mutually agree to terminat this Agreement in writing and the
      Borrower grants prior written consent to such termination of this
      Agreement.

              

      

    

    

    
      	
              5

            	
              Notices

            

    

    

    
      
        	
              	
                5.1

              	
                All
      notices and other communications required or permitted to be given
      pursuant to this Agreement shall be delivered personally or sent by
      registered mail, by a commercial courier service or by facsimile
      transmission to the address of such Party set forth below.  The
      dates on which notices shall be deemed to have been effectively given
      shall be determined as follows: (1) notices given by personal delivery, by
      courier service or by registered mail shall be deemed effectively given on
      the date of receipt or refusal; and (2) notices given by facsimile
      transmission shall be deemed effectively given on the date of successful
      transmission (as evidenced by an automatically generated confirmation of
      transmission).

              

      

    

    

    
      
        	
              	
                5.2

              	
                For
      the purpose of notices, the addresses of the Parties are as follow:

              

      

    

    

    Borrower:
[Moqizone] Holdings Limited

    Address:
7A-D Hong Kong Industrial Building, 444-452 Des Voeux Road West, Hong
Kong.

    Tel:
(852) 34434383

    Fax:  (852)
21684144

    
      Attention:
Lawrence Cheung/Benjamin Chan

    

    

    
      	
               
      

            	
              Lender:
      Smart Lead Enterprises Limited

            

    

    
      	
               
      

            	
              Address: 1B,
      Golden House, 1 Austin Avenue, Tsim sha tsui, Kowloon, Hong
      Kong

            

    

    
      	
               
      

            	
              Attention:
      Shi Sha Li

            

    

    
      	
               
      

            	
              Tel: (852)
      90278223

            

    

    
      	
               
      

            	
              Fax:
      (852) 25292999

            

    

    

    
      
        	
              	
                5.3

              	
                Any
      Party may at any time change its address for notices by a notice delivered
      to the other Party in accordance with the terms
  hereof.

              

      

    

    

    
      	
              6

            	
              Confidentiality

            

    

    

    Each of
the Parties shall not disclose the content and existence of the Agreement to any
employee who has no direct relationship with this Ageement or any third party,
or make any oral and/ or written publication or statement and/or provide any
information without the other Party’s prior written consent. This provision
shall be binding at any time. In the event either Party breaches this provision,
the breaching Party shall be liable for such breach and shall compensate all
damages (including litigation and attorneys fees) resulting therefrom to the
other Party.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      	
              Loan
Agreement

            

    

    

    
      	
              7

            	
              Governing Law and
      Resolution of Disputes

            

    

    

    
      
        	
              	
                7.1

              	
                The
      execution, effectiveness, construction and performance of this Agreement
      shall be governed by the laws of Hong Kong Special Administration
      Region.

              

      

    

    

    
      
        	
              	
                7.2

              	
                In
      the event of any dispute with respect to the construction and performance
      of this Agreement, the Parties shall first resolve the dispute through
      good faith negotiations. In the event the Parties fail to reach an
      agreement on the dispute within 30 days after either Party's request to
      the other Party for resolution of the dispute through negotiations, either
      Party may submit the relevant dispute to the Hong Kong International
      Arbitration Center for arbitration, in accordance with its Arbitration
      Rules. The arbitration shall be conducted in Hong Kong, and the language
      used in arbitration shall be Chinese. The arbitration award shall be final
      and binding on all Parties.

              

      

    

    

    
      	
              8

            	
              Miscellaneous

            

    

    

    
      
        	
              	
                8.1

              	
                This
      Agreement shall become effective on the date thereof, and shall expire
      upon the date of full performance by the Parties of their respective
      obligations under this
Agreement.

              

      

    

    

    
      
        	
              	
                8.2

              	
                The
      fees asring out of the negociations and performance of all of the matters
      in connection with this Agreement and those matters comtemplated hereunder
      shall be borne respectively by the Parties, which include without
      limitation the legal fees, accouting fees, financial fees, consultancy
      fees, agent fees, government fees and all other
  expenses.

              

      

    

    

    
      
        	
              	
                8.3

              	
                This
      Agreement shall be written in both Chinese and English language in two
      copies, each Party having one copy with equal legal
    validity.

              

      

    

    

    
      
        	
              	
                8.4

              	
                This
      Agreement may be amended or supplemented through written agreement by and
      between the Parties. Such written amendment agreement and/or supplementary
      agreement executed by and between Lender and Borrower are an integral part
      of this Agreement, and shall have the same legal validity as this
      Agreement. This Agreement shall not be amend in any way without the prior
      written consent of the Borrower and each of the Parties shal not assign
      any of its rights or obligations hereunder to any third Party or make any
      other disposal of ts rights or obligations
  hereunder.

              

      

    

    

    
      
        	
              	
                8.5

              	
                In
      the event that one or several of the provisions of this Agreement are
      found to be invalid, illegal or unenforceable in any aspect in accordance
      with any laws or regulations, the validity, legality or enforceability of
      the remaining provisions of this Agreement shall not be affected or
      compromised in any respect. The Parties shall strive in good faith to
      replace such invalid, illegal or unenforceable provisions with effective
      provisions that accomplish to the greatest extent permitted by law the
      intentions of the Parties, and the economic effect of such effective
      provisions shall be as close as possible to the economic effect of those
      invalid, illegal or unenforceable
provisions.

              

      

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	
              Loan
Agreement

            

    

    

     [Signature
page follows]

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    
      	
              Loan
Agreement

            

    

    

    
      This Loan
Agreement is executed by the following Parties as of the date first above
written

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	      
                                    Borrower:
      Smart Lead Enterprises Limited

                                  	 	      
                                    Lender:
      [Moqizone] Holdings Limited

                                  
	 	 	 	 	 
	
                                    Sign By:

                                  	
                                      

                                  	 
      	
                                    Sign by:

                                  	
                                      

                                  
	
                                    Name:

                                  	
                                      

                                  	 
      	
                                    Name:

                                  	
                                      

                                  
	
                                    Title:

                                  	
                                      

                                  	 
      	
                                    Title:

                                  	
                                      

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

      
        
           

        

        
          6SMART
LEAD ENTERPRISES LIMITED

    

    and

    

    VIVA RED
COMPANY LIMITED

    

    Business
Transfer Agreement

    

    [   ],
2010

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    TABLE
OF CONTENTS

    
      
        
          
            
              	 	 	 	 	 
	
                      ARTICLE
      1 DEFINITION

                    	 	 	4	 
	 
      	 	 	 	 
	
                      ARTICLE
      2 BUSINESS TRANSFER

                    	 	 	5	 
	 
      	 	 	 	 
	
                      ARTICLE
      3 CONTRACTS RELEVANT TO BUSINESS PROPOSED TO BE
TRANSFERRED

                    	 	 	6	 
	 
      	 	 	 	 
	
                      ARTICLE
      4 CONSIDERATION

                    	 	 	7	 
	 
      	 	 	 	 
	
                      ARTICLE
      5 INTELLECTUAL PROPERTY

                    	 	 	7	 
	 
      	 	 	 	 
	
                      ARTICLE
      6 REPRESENTATIONS AND WARRANTS

                    	 	 	7	 
	 
      	 	 	 	 
	
                      ARTICLE
      7 TAXES AND EXPENSES

                    	 	 	10	 
	 
      	 	 	 	 
	
                      ARTICLE
      8 LIABILITY OF DEFAULT AND TERMINATION

                    	 	 	10	 
	 
      	 	 	 	 
	
                      ARTICLE
      9 CONFIDENTIALITY

                    	 	 	10	 
	 
      	 	 	 	 
	
                      ARTICLE
      10 INDEMNITY

                    	 	 	11	 
	 
      	 	 	 	 
	
                      ARTICLE
      10 FORCE MAJEURE

                    	 	 	11	 
	 
      	 	 	 	 
	
                      ARTICLE
      10 NOTICES

                    	 	 	12	 
	 
      	 	 	 	 
	
                      ARTICLE
      13 MISCELLANEOUS

                    	 	 	12	 

            

          

        

      

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     Business
Transfer Agreement

    

    This
Business Transfer Agreement (the “Agreement”) is made and
entered into by and between the following parties as of July 1,
2010:

    

    
      	
              (1)

            	
              SMART LEAD ENTERPRISES
      LIMITED (the “Transferor”), a limited
      liability company duly incorporated and validly existing under the laws of
      the British Virgin Islands with its address at P.O. Box 3444, Road Town,
      Tortola, British Virgin Islands;
and

            

    

    

    
      	
              (2)

            	
              VIVA RED COMPANY
      LIMITED(the “Transferee”), a limited
      liability company duly incorporated and validly existing under the laws of
      the British Virgin Islands with its address at P.O. Box 3444, Road Town,
      Tortola, British Virgin Islands;

            

    

    

    In this
Agreement, the forgoing parties shall be hereinafter referred to as a “Party”
respectively, and as the “Parties collectively.

    

    Whereas:

    A.   The
Transferor is a limited liability company established in the British Virgin
Islands, which acquires various licenses of mobile phone game and entertainment
product and conducts value-add telecommunication business regarding to mobile
phone in Mainland China; The Transferee is wholly owned subsidiary of the
transfer;

    

    B.    In
order to engage in the proposed transferred business, Party A has executed
agreements as follows:

    
      	
               
      

            	
              1.

            	
              the
      Mobile Value-add Business (JAVA game, 3G mobile phone game and intelligent
      3G mobile phone game platform business ) Cooperation Agreement (“Mobile Value-add Business
      Cooperation Agreement”) executed with Hunan Internet and Value-add
      Business Department of China Telecom Corporation Limited on April 29,
      2009.

            

    

    

    
      	
               
      

            	
              2.

            	
              the
      Game Business Authorization and Agent Agreement of Smart Lead Enterprises
      Limited.( the “Authorization and Agent
      Agreement”, together with the Mobile Value-add Business Cooperation
      Agreement, the “Hunan
      Contracts”. The detailed content of Hunan Contracts please refer to
      Exhibit 1 of this Agreement).

            

    

    

    C.    The
Transferee is a limited liability company incorporated under the laws of British
Virgin Islands with its address at P.O. Box 3444, Road Town, Tortola,
British Virgin Islands.

    

    The
Parties conclude the following terms in accordance with PRC laws and
regulations:

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    Article 1
Definition

    

    1.1   Definition. Except otherwise
required by this Agreement, the terms below shall have the following
meanings:

    

    (1)    “Business Proposed to be
Transferred” means any and all business contemplated under Hunan
Contracts

    

    (2)    “Trade Secret” means any
technical and commercial information concerning to the businesses proposed to be
transferred and all the information relevant hereto.

    

    (3)    “Hunan Contracts”, refer to
part B of the Whereas Terms.

    

    (4)    “New Executed Contracts” means the contracts,
term sheet and other documents (if any) relevant to the Hunan Contracts or
purporting to perform Hunan Contracts , which have been executed or
proposed to be executed by and between the transferor and any companies or
individuals in Mainland China

    

    (5)    “Intellectual
Property” means all the intellectual property regarding to the
Businesses Proposed to be Transferred, which has been currently authorized to or
proposed to be authorized to the Transferee,including but
limited to any game, program, software copyright, platform, domain name and
trademark. (only limited to the use right of hn.189gameshop.com in the
region of Hunan). The list of Intellectual Property authorized to the
Transferee at the date hereof is attached as Exhibit 2 of this
Agreement.

    

    (6)    “Year” means fiscal year, from
January 1 to December 31 of each year.

    

    (7)    “Security Interests” means any
mortgage, pledge, liens, restriction, priority, preemption, rights or interests
of the third party, any other security rights and any other similar preemptive
arrangements.

    

    (8)    “Force Majeure” means any event
unforeseen, unavoidable and beyond the control of the Parties, as a result of
which, the Parties are unable to perform all or part of the obligations of this
Agreement. Such events includes, but is not limited to earthquake, typhoon,
floods, fire, war and other events deem to be a Force Majeure in accordance with
international business practices.

    

    (9)    “Affiliate” means with respect
to a specific person, partnership, organization or entity directly indirectly
(through one or more agent) controlling, controlled by, or under common control
with, such Party from time to time. “Control” means ownership of absolute
majority shares of more than 50%, or comparative majority shares below 50%, or
dominant power trough agreements, director appointment and other non-agreements
ways.

    

    (10)  “Mainland China” means domain
within the territory of PRC, except for Hong Kong Special Administrative Region,
Macao Special Administrative Region and Taiwan.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    (11)  “Domestic Company” means a
domestic limited liability company contractually controlled by a wholly foreign
owned enterprise which is established or acquired by the Transferee after
execution of this Agreement.

    

    Article 2 Business
Transfer

    

    2.1   
The Transferor agrees to transfer and deliver to the Transferee, and the
Transferee agrees to acquire and accept from the Transferor, the business which
is proposed to be transferred, defined by Article 1 and free from any security
interests.

    

    2.2   As
of the date hereof, except as otherwise provided by this Agreement, the
Transferor shall not, directly or indirectly, conduct the Business Proposed to
be Transferred and defined by this Agreement in Hunan Province, and shall not
execute any relevant contract and conduct any relevant negotiation. Except the
executed Hunan Contracts, all the contracts regarding to the Business Proposed
to be Transferred (including but not limited to the New Executed Contracts)
shall be executed in the name of the Transferee, and the Transferor shall do its
best to provide assistant to Transferee. Under the premise of consent by the
Transferee, the Transferor can continue to negotiate and contact with relevant
cooperation partner with respect to the Business Proposed to be Transferred,
however, upon a successful negotiation, the formal business contracts and other
documents shall be executed by and between the Transferee and the cooperation
partner, and the revenues arising from such business shall belong to the
Transferee.

    

    2.3   No Liability: Except
Transferee’s prior consent in writing or otherwise provided in this Agreement,
the Transferee shall not be responsible for any liabilities arising from the
Business Proposed to be Transferred which has existed and occurred before the
date hereof. The Transferor shall continue to assume the liabilities regarding
to the Business Proposed to be Transferred which has existed and occurred before
the date hereof, including but limited to (a) any liabilities, debt, taxes and
expenses concerning to the Business Proposed to be Transferred which has existed
and occurred before the date hereof; (b) any pending litigation, arbitration ,
administrative penalty and other legal proceedings relevant to the Business
Proposed to be Transferred which has existed and occurred before the date
hereof; (c) any claims, liability, obligation, indemnity, loss, judgment ,
action, litigation, proceeding, arbitration against the Transferee by any third
party, arising from the Business Proposed to be Transferred which has existed
and occurred before the date hereof; (d) any indemnity claim with respect to the
product sold and service provided by the Transferor before the date hereof. In
the event of any litigation, arbitration, administrative penalty and other
proceedings, or any losses incurred arising from claims against the Transferor
by any third party, the Transferee shall inform the Transferor in time and the
Transferor shall provide reasonable assistance. The Transferor shall be
responsible for responding to litigation, dealing with relevant penalty and
legal proceedings, and indemnifying all the losses incurred by the Transferee
arising herefrom.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    2.4   Further Assurances:  Nevertheless
the forgoing provisions, the Transferor agrees to take all the lawful and
reasonable actions, after any time of the date hereof, to let the Transferee to
enjoy the interests concerning to the Business Proposed to be Transferred
subject to this Agreement after the date hereof.

    

    Article 3 Contracts Relevant to
Business
Proposed to be Transferred

    

    3.1   Hunan Contracts

    

    In order
to ensure the continuity of such contracts, concerning to current Hunan
Contracts, the Parties agree that parties of Hunan Contracts can temporarily not
be changed. The Transferor authorize the Transferee to perform and assume all
the obligations of Transferor contemplated under Hunan Contracts, and to enjoy
all the rights and interests contemplated under such Contracts. The Transferor
shall provide all the necessary assistance and cooperation to realize above
interests.

    

    3.2   New Executed
Contracts:  The new executed contracts which have been executed
by the Transferor or have been executed by any third party authorized by the
Transferor before the execution date shall be transferred to the Transferee.
After the execution date, upon confirmation of the Transferee, all the New
Executed Contracts shall be executed in the name of Transferee, and the
Transferor shall provide necessary assistance.

    

    3.3   Revenue of Hunan
Contracts: The Parties agree that, as of January 1, 2010, all the
revenues arising from Hunan Contracts shall belong to the Transferee. The
Transferor shall issue a written notice to the other party within the time limit
required by Transferee, requesting the other party to pay any amount that shall
be paid after July 1, 2010 directly to the account designated by the
Transferee (or shareholders, any other affiliates of the Transferee, or any
other third party designated). In the event that the Transferor has issued
written notice to client, however, the client still pay such amount to the
Transferor (or shareholders, any other affiliates of the Transferor, or any
other third party designated), other than the account designated by Transferee,
the Transferor has the obligation to instantly inform the Transferee and to pay
relevant amount to the account designated by Transferee within 3 business days
upon receipt of such sum.

    

    3.4   Further Transfer: The Parties
agree and confirm that, in accordance with PRC laws and regulations, the
Transferee can, within 90 days after execution date of this Agreement, establish
or acquire a wholly foreign owned enterprise in Mainland China as its wholly
owned subsidiary, and will contractually control a domestic limited liability
company through such subsidiary. Such Domestic Company shall have all the
governmental approval, registration, permits, authorization,
license.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    Article 4 Consideration

    

    4.1   In
consideration that the Transferee is the wholly owned subsidiary of the
Transferor at the date hereof, the businesses, contracts, employees proposed to
be transferred shall be transferred for free and no consideration shall be paid
by the Transferee in any form.

    

    4.2   Above
consideration shall be transmitted to the account designated by the Transferor
within 5 business days of the date hereof.

    

    Article 5 Intellectual
Property

    

    5.1   The
Parties agree that, all the Intellectual Property (including but not limited to
ownership and use right) regarding to the Business Proposed to be Transferred,
as now and proposed to be owned and used, including but not limited to any game,
program, software copyright, platform, domain name (only limited to the use
right of hn.189gameshop.com in the region of Hunan), and trademark, shall be
authorized to the Transferee for free, in a reasonable method accepted by the
Parties, to be exclusively used in the Business Proposed to be Transferred. The
authorization term shall be at least equal to the authorized use term acquired
by such Intellectual Property. The Intellectual Property relevant to the
Business Proposed to be Transferred, which is currently owned, used, and
authorized to be used by the Transferee are completely listed in Exhibit 2 of
this Agreement.

    

    5.2   In
the event of a failure to use the forgoing Intellectual Property effectively for
the reason of the Transferor, or any losses or claims incurred by the Transferee
due to an infringement of any third party’s right by such Intellectual Property,
any losses arising herefrom shall be assumed by the Transferor.

    

    5.3   The
Transfer shall do its best to obtain or promote the Transferee to obtain the
ownership of domain name of 189gameshop.com.for 189 website In the event that
the Transferor obtains the ownership of such domain name at any time after
execution of this Agreement, it shall instantly transfer such ownership to
Transferee for free.

    

    Article 6 Representations and
Warrants

    

    6.1   Representations and Warrants of the
Transferor: the Transferor hereby makes the following representations and
warrants to the Transferee at the date hereof:

    

    (1)   
The Transferor is duly incorporated and validly existing under the laws of the
British Virgin Islands;

    

    (2)    The
Transferor has the power to execute this Agreement and perform obligations
contemplated hereunder. This Agreement is legally binding to the Transferor upon
execution;

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (3)   Neither
the Transferor’s execution of this Agreement, nor its performance of
obligations contemplated hereunder shall violate Articles of Association and
other constitutive instruments of the Transferor, or any laws, regulation,
rules, authorization or approval of any governmental authority, and shall
violate or conflict with any contract or agreement to which it is a
party;

    

    (4)   The
Transferor has the right to transfer all the ownership, disposition and
Intellectual Property of the Business Proposed to be Transferred to the
Transferee in accordance with this Agreement.

    

    (5)   Except
as otherwise provided in this Agreement, the Transferee shall obtain all the
rights, ownership and interests of the Business Proposed to be Transferred after
execution of this Agreement. Transferor shall not have any right or interest in
the Business Proposed to be Transferred and shall bear its own costs to execute
and make (or let other necessary parties to execute and make) all the necessary
agreements and instruments, and to take necessary action to obtain all the
governmental approvals, so as to ensure the transfer in this Agreement become
effective and enforceable.

    

    (6)   There
is no event or circumstance which has occurred or is reasonably expected to
occur and will have a material adverse effect to the transfer of the Business
Proposed to be Transferred and transaction contemplated hereunder.

    

    (7)   The
Transferor has complied with, has not violate or been noticed to violate any PRC
laws and regulations regarding hereto. None of any governmental authority has
taken or initiated any action, proceeding, hearing, investigation, suit,
accusing, request, requirement, notice and inquiry with respect to violation of
above laws and regulation.

    

    (8)   All
the important documents, representations and information owned by the Transferor
and relevant to the transactions contemplated hereunder have been fully
disclosed to Transferee, and none of the document provided previously to
Transferee includes untrue statement of a material fact, or omits to state any
material fact; The Transferor warrant that, the documents, representations and
information which have material adverse effect to its performance of the
obligations contemplated hereunder, or have material adverse effect to the
Transferee’s intention to executing this Agreement upon disclose, have been
fully disclosed to the Transferee. All the issues disclosed and materials
provided by the Transferor are true, complete and accurate in all the material
aspects and there is no material untrue or misleading statement.

    

    (9)   Business
Proposed to be Transferred shall be transferred without any encumbrance and
security interest.

    
      
         

      

      
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    (10)  As
of the date hereof, each contract relevant to the Business Proposed to be
Transferred: (a) is legitimate, valid, binding and enforceable to the Transferor
and other parities of such contracts, and has complete effectiveness in each
aspect; (b) there is no default or potential default exists in the
Transferor and such contracts, and there is no circumstances which possibly
leads to a default, contract termination, amendment or accelerating performance
arising from notice or time lapse. There is no circumstance which infringes
ownership, Intellectual Property and interests of any third party and leads to
any action, suits, proceeding, hearing, investigation, accusing, complaint and
other claims; (c) none of a Party intends to repeal or cancel any provision of
such contract; and (d) the Transferor has no reason to consider that the
provisions and services contemplated under such contract can not be provided or
may result in any losses to the Transferor.

    

    (11)  Information
attached as Exhibits of this Agreement is true, complete and accurate, and there
is no omits and conceal exists.

    

    (12)  In
the event of a failure to perform or completely  perform the
obligations hereunder by Transferor, or any claims against the Business Proposed
to be Transferred after the execution date, which shall be attributable to the
reason of Transferor and require the Transferee to pay economic compensation or
to take relevant action, the Transferor has the obligation to take corresponding
action to eliminate or resolve above circumstances and to indemnify losses
incurred by Transferee upon the request of Transferee;

    

    (13)  The
Intellectual Property which is owned, used by the Transferor and is authorized
to be used by the Transferee, and is relevant to the Business Proposed to be
Transferred has not infringed and will not infringe Intellectual Property or
interests of any third party; There is no existed, pending or contingent action,
suit, proceeding, hearing, investigation , accusing, complaints and claims with
respect to the legality, validity, practicable, use right or ownership of the
Intellectual Property contemplated hereunder.

    

    (14)  In
the event that, at the execution date, there is any existed or contingent
liability, security interest, encumbrance, restriction and claims of any third
party on the Business Proposed to be Transferred, such liabilities will still be
assumed by the Transferor, other than the Transferee, after the execution
date.

    

    (15)  The
rights and interest which has been used for the Business Proposed to be
Transferred, or is essential to normally operating the Business Proposed to be
Transferred in the manner materially similar to which before execution date,
have been included in the Business Proposed to be Transferred and licensed
Intellectual Property;

    

    (16)  Representations
and warrants set forth in Article 6.1 shall be interpreted independently and
shall not be restricted and exclusded as a result of reference to any other
articles hereof or other agreements by and between the Parties.

    

    6.2   Representations and Warrants of the
Transferee:
Transferee represents and warrants to Transferor as follows:

    

    (1)    The
Transferee is duly incorporated and validly existing under the laws of the
British Virgin Island;

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    (2)    The
Transferee has the power to execute this Agreement and perform obligations
contemplated hereunder. This Agreement is legally binding to the Transferee upon
execution;

    

    (3)    Neither
the Transferee’s execution of this Agreement, nor its performance of obligations
contemplated hereunder shall violate Articles of Association and other
constitutive instruments of the Transferee, or any law, regulation, rule,
authorization or approval of any governmental authority, and shall violate or
conflict with any contract or agreement to which it is a party

    

    (4)    After
transfer of Business Proposed to be Transferred to the Transferee subject
hereto, the Transferee shall continue to operate such business normally, perform
contracts relevant to Business Proposed to be Transferred, use Intellectual
Property according to law, and ensure to maintain regular operation of the
Business Proposed to be Transferred before transferring such business to
Domestic Company.

    

    Article 7 Taxes and
Expenses

    

    7.1   The
Parties shall respectively bear taxes and expenses regarding to transaction
contemplated hereunder and required by laws and regulations.

    

    7.2   The
Parties shall respectively bear all the expenses regarding to negotiation,
preparation, execution of the Agreement and obtaining required approvals,
including expenses paid to legal counsel, interpreter and other professional
staff.

    

    Article 8 Liability of
Default and Termination

    

    8.1   Liability of Default: In the
event one Party breaches this Agreement or otherwise causes the non-performance
of this Agreement in part or in whole, the Party shall be liable for such breach
and shall indemnify all damages (including litigation and attorneys fees)
resulting therefrom.  In the event that the Parties breach this
Agreement, each Party shall be liable for its respective breach of
contract

    

    Article 9 Confidentiality

    

    The
Parties acknowledge that any oral or written information exchanged among them
with respect to this Agreement is confidential information. The Parties shall
maintain the confidentiality of all such information, and without the written
consent of other Party, either Party shall not disclose any relevant information
to any third party, except in the following circumstances: (a) such information
is or will be in the public domain (provided that this is not the result of a
public disclosure by the receiving party); (b) information disclosed as required
by applicable laws or rules or regulations of any stock exchange; or (c)
information required to be disclosed by any Party to its legal counsel or
financial advisor regarding the transaction contemplated hereunder, and such
legal counsel or financial advisor are also bound by confidentiality duties
similar to the duties in this section. Disclosure of any confidential
information by the staff members or agency hired by any Party shall be deemed
disclosure of such confidential information by such Party, which Party shall be
held liable for breach of this Agreement. This section shall survive the
termination of this Agreement for any reason.

    
      
         

      

      
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    Article 10 Indemnity

    

    10.1 
The Transferor hereby consents and warrants that, in the event of any claims ,
liability, obligation, compensation, deficit, judgment, action, suit,
proceeding, arbitration, levy, expense and losses (including but not limited to
suit expenses and attorney’s fees) incurred by Transferee arising from the
Transferor’s violation, false statement, non-performance of and non-compliance
with this Agreement (including any Exhibit hereof) or any representation,
warrant, covenant, other obligation and provision regarding to Business Proposed
to be Transferred and provided in any material, document and information
delivered according hereto, the Transferor shall indemnify the Transferee losses
arising herefrom and hold harmless the Transferee against such
losses.

    

    10.2  The
Transferor hereby consents and warrants that, in the event of any claims ,
liability, obligation, compensation, deficit, judgment, action, suit,
proceeding, arbitration, levy, expense and losses (including but not limited to
the indemnity expenses, suit expenses and attorney’s fees and other fees assumed
and paid by the Transferee), including but not limited to all the absolute or
contingent debt, liability and claim which exists, engenders before execution
date and is raised at any time, with all the expenses and reasonable attorney’s
fees arising herefrom, or a value decrease of the Business Proposed to be
Transferred lead by establishment of any encumbrance on the Business Proposed to
be Transferred before the execution date, the Transferor shall indemnify the
losses arising from above issues.

    

    Article 10 Force
Majeure

    

    Any Party
of this Agreement shall not be liable for the losses of the other Party as a
result of delayed performance of the obligations arising from Force Majeure. In
the event of Force Majeure, the Parties shall immediately notify the other Party
and issue a document to effectively certify the occurrence of Force Majeure
within 15 days of its occurrence. The party suffering from a Force Majeure shall
use all reasonable endeavors to minimize the losses of such Force Majeure,
otherwise, the enlarged part of losses shall be assumed by such
party.

     

    
      
        
        

      

      
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    Article 10 Notices

    12.1  All
notices and other communications required or permitted to be given pursuant to
this Agreement shall be delivered personally or sent by registered mail, by a
commercial courier service or by facsimile transmission to the address of such
Party set forth below. Each notice shall also be sent by email.  The
dates on which notices shall be deemed to have been effectively given shall be
determined as follows:

    

    (1)    Notices
given by personal delivery, by courier service or by registered mail, shall be
deemed effectively given on the date of delivery to the address set forth herein
or the date of rejection;

    

    (2)    Notices
given by facsimile transmission shall be deemed effectively given on the date of
successful transmission (as evidenced by an automatically generated confirmation
of transmission).

    

    12.2  For
the purpose of notices, the addresses of the Parties are as
follows:

    

    Transferor:
SMART LEAD ENTERPRISES
LIMITED

    Address:1B, Golden House,
1 Austin Avenue, Tsim sha tsui, Kowloon, Hong Kong

    Phone:
 (852) 90278223

    Facsimile: (852)
25292999

    Attention:
Shi Sha Li

    

    Transferee:
VIVA RED COMPANY
LIMITED

    Address:
1B, Golden House, 1 Austin Avenue, Tsim sha tsui, Kowloon, Hong
Kong

    Phone:
(852) 90278223

    Facsimile:
(852) 25292999

    E-mail: Shi
Sha Li

    

    Article 13 Miscellaneous

    

    
      	
              13.1

            	
              Governing Law: The
      execution, effectiveness, construction, performance, amendment and
      termination of this Agreement and the resolution of disputes shall be
      governed by the laws of PRC

            

    

    

    13.2     Disputes Resolution: In the
event of any dispute with respect to the construction and performance of this
Agreement, the Parties shall first resolve the dispute through friendly
negotiations.  In the event the Parties fail to reach an agreement on
the dispute within 30 days after either Party's request to the other Parties for
resolution of the dispute through negotiations, either Party may submit the
relevant dispute to the China International Economic and Trade Arbitration
Commission for arbitration, in accordance with its then effective arbitration
rules.  The arbitration shall be conducted in Beijing and the
procedure of which shall be a general procedure other than a summary
one.  The arbitration award shall be final and binding on the
Parties.

    
      
         

      

      
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    13.3     Entire Agreement: This
Agreement referred to herein constitute the entire agreement between the parties
hereto pertaining to the subject matter hereof, which shall substitute all the
oral, written, explicit or implied agreements, convention, representation and
provision made by the Parties before the date hereof.

    

    13.4     Amendment and Supplement to this
Agreement: This Agreement may be amended or supplemented in a written
form by the Parties. Such written amendment agreement and/or supplementary
agreement executed by the Parties are an integral part of this Agreement, and
shall have the same legal validity as this Agreement.

    

    13.5     Waivers: Any behavior of
non-exercise or delayed exercise of any rights or remedy provided by this
Agreement, amended and supplementary agreement shall not be deemed as a waiver;
any single or part exercise of the forgoing rights or remedy shall not hinder
further exercise of such rights or remedy.

    

    13.6     Severability: If any
provision of this Agreement shall be determined to be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby

    

    13.7     Exhibit: The exhibits hereto
shall be an integral part of this Agreement and shall have the same legal
validity as this Agreement.

    

    13.8     Language and
Version: This Agreement shall be written in Chinese language in four
copies, each Party having two copies with equal legal validity. Each copy shall
be deemed as originals and the same version.

    

    13.9     Effectiveness: This Agreement
shall become effective upon the execution of this Agreement by authorized
representatives of the Parties as of the date first above
written.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    
      The
following exhibits shall be an integral part of this
Agreement

    

    

    Exhibit
1:Hunan
Contract

    Exhibit
2: List of Intellectual Property Authorized to be Used by the
Transferee

    

    [The remainder of this page has
intentionally been left blank]

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to
execute this Agreement as of the date first above written.

    

    Transferor:
SMART LEAD ENTERPRISES LIMITED

    

    
      
        
          
            
              	
                      Signature

                    	 
      
	 	 
	
                      Name :

                    	 
      
	 	 
	
                      Title
      :

                    	 
      

            

          

        

      

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the Parties have caused their authorized representatives to
execute this Agreement as of the date first above written.

    

    Transferee:
VIVA RED COMPANY LIMITED

    

    
      
        
          
            
              	
                      Signature

                    	 
      
	 	 
	
                      Name :

                    	 
      
	 	 
	
                      Title
      :

                    	 
      

            

          

        

      

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    Exhibit
1:Hunan
Contracts

     

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    Exhibit
2: List of Intellectual Property Authorized to be Used by the
Transferee

    
      
         

      

      
        18

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