Document:

MERGER
      AGREEMENT 

    

    

    by
      and among

    

    China
      Software Technology Group Co., Ltd.,

    

    AWSG
      Acquisition Corp., 

    

    and

    

    

    American
      Wenshen Steel Group, Inc.

    

    

    

    

    Dated
      as of June 29, 2007

     

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    MERGER
      AGREEMENT

    

     

    Merger
      Agreement (the
      “Agreement”)
      dated
      as of June 29, 2007 by and among China Software Technology Group Co., Ltd.,
      a
      corporation formed under the laws of the State of Delaware (“CSWT”),
      AWSG
      Acquisition Corp., a corporation newly formed under the laws of the State of
      Delaware and a wholly owned subsidiary of CSWT (the “Merger
      Sub”),
      and
      American Wenshen Steel Group, Inc.,
      a
      corporation formed under the laws of the State of Delaware (“AWSG”).
      Each
      of
      CSWT,
      the
      Merger Sub, and AWSG is referred to herein individually as a “Party”
and
      all
      are referred to collectively as the “Parties.”

    

    PREAMBLE

    

    WHEREAS,
      AWSG
      owns 100% of the registered capital of Chaoyang Liaoyang Speciality Steel Co.,
      Ltd. (“CLSS”),
      a
      corporation organized under the laws of The People’s Republic of China;

    

    WHEREAS,
      CSWT
      and AWSG have determined that a business combination between them is advisable
      and in the best interests of their respective companies and stockholders and
      presents an opportunity for their respective companies to achieve long-term
      strategic and financial benefits;

     

    WHEREAS,
      CSWT
      has proposed to acquire AWSG pursuant to a merger transaction whereby, pursuant
      to the terms and subject to the conditions of this Agreement, AWSG shall become
      a wholly owned subsidiary of CSWT through the merger of AWSG with and into
      the
      Merger Sub (the “Merger”);
      and

    

    WHEREAS,
      in the
      Merger, all issued and outstanding shares of capital stock of AWSG shall be
      cancelled and converted into the right to receive 434,377 Series A Convertible
      Shares of CSWT (the
      “Merger
      Shares”)
      which
      Shares shall represent 97.58% of the voting power of CSWT after the Merger;
      

    

    NOW,
      THEREFORE,
      in
      consideration of the premises and the mutual covenants, representations and
      warranties contained herein, the Parties, intending to be legally bound, hereby
      agree as follows:

    

    CERTAIN
      DEFINITIONS

    

    As
      used
      in this Agreement, the following terms shall have the meanings set forth below:
      

    

    “Applicable
      Law”
means
      any domestic or foreign law, statute, regulation, rule, policy, guideline or
      ordinance applicable to the businesses of the Parties or the Merger.

    

    “DGCL”
      means
      Delaware General Corporation Law.

    

    “Knowledge”
      means,
      in the case of CSWT or AWSG, actual awareness by its CEO or CFO of a particular
      fact or other matter or information that a prudent individual serving in such
      capacity could be expected to discover or otherwise become aware of in the
      course of conducting a reasonable
      review or
      investigation of
      the
      corporation and its business and affairs. 

    

    “Lien”
means,
      with respect to any property or asset, any mortgage, lien, pledge, charge,
      security interest, claim, encumbrance, royalty interest, any other adverse
      claim
      of any kind in respect of such property or asset, or any other restrictions
      or
      limitations of any nature whatsoever.

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
 

    “Material
      Adverse Effect”
with
      respect to any entity or group of entities means any event, change or effect
      that has or would have a materially adverse effect on the financial condition,
      business or results of operations of such entity or group of entities, taken
      as
      a whole. 

    

    “Person”
means
      any individual, corporation, partnership, trust or unincorporated organization
      or a government or any agency or political subdivision thereof. 

    

    “Surviving
      Entity”
shall
      mean AWSG as the surviving entity in the Merger as provided in Section
      1.03.

    

    “Tax”
(and,
      with correlative meaning, “Taxes”
and
      “Taxable”)
      means:

    

    (i)
      any
      income, alternative or add-on minimum tax, gross receipts tax, sales tax, use
      tax, ad valorem tax, transfer tax, franchise tax, profits tax, license tax,
      withholding tax, payroll tax, employment tax, excise tax, severance tax, stamp
      tax, occupation tax, property tax, environmental or windfall profit tax, custom,
      duty or other tax, impost, levy, governmental fee or other like assessment
      or
      charge of any kind whatsoever together with any interest or any penalty,
      addition to tax or additional amount imposed with respect thereto by any
      governmental or Tax authority responsible for the imposition of any such tax
      (domestic or foreign), and 

    

    (ii)
      any
      liability for the payment of any amounts of the type described in clause (i)
      above as a result of being a member of an affiliated, consolidated, combined
      or
      unitary group for any Taxable period, and 

     

    (iii)
      any
      liability for the payment of any amounts of the type described in clauses (i)
      or
      (ii) above as a result of any express or implied obligation to indemnify any
      other person. 

    

    “Tax
      Return”
means
      any return, declaration, form, claim for refund or information return or
      statement relating to Taxes, including any schedule or attachment thereto,
      and
      including any amendment thereof.

    

    ARTICLE
      I

    THE
      MERGER

    
      

      
        	
                SECTION
                  

              	 1.01
	
                STRUCTURE
                  

              

      

       

    

    Upon
      the
      terms and subject to the conditions set forth in this Agreement and in
      accordance with the DGCL, at the Effective Time (as hereinafter defined), all
      AWSG Shares (as hereinafter defined) shall be cancelled and converted into
      the
      right to receive the Merger Shares. In connection therewith, the following
      terms
      shall apply:

    

    (a) Exchange
      Agent.
      Robert
      Brantl, Esq., counsel to AWSG, shall act as the exchange agent (the
“Exchange
      Agent”)
      for
      the purpose of exchanging AWSG Shares for the Merger Shares. At or prior to
      the
      Closing, CSWT shall deliver to the Exchange Agent the Merger Shares. 

    

    (b) Prior
      to
      the Closing Date, CSWT shall file with the Secretary of State of Delaware a
      Certificate of Designations of Series A Convertible Preferred Stock (the
“Series
      A Convertible Shares”)
      in the
      form annexed hereto as Schedule
      1.01(a).
      

    

    
      
         

      

      
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    (c) Conversion
      of Securities.
      

    

    (i) Conversion
      of AWSG Securities.
      At the
      Effective Time, by virtue of the Merger and without any action on the part
      of
      CSWT, AWSG or the Merger Sub, or the holders of any of their respective
      securities:

    

    (A) Each
      of
      the issued and outstanding shares of common stock of AWSG (the “AWSG
      Shares”)
      immediately prior to the Effective Time shall be converted into and represent
      the right to receive, and shall be exchangeable for, that number of Series
      A
      Convertible Shares of CSWT as shall be determined by dividing 434,377 by the
      number of then issued and outstanding AWSG Shares.

    

    (B) All
      AWSG
      Shares shall no longer be outstanding and shall automatically be canceled and
      retired and shall cease to exist, and each holder of a certificate representing
      any such shares shall cease to have any rights with respect thereto, except
      the
      right to receive the Merger Shares to be issued pursuant to Section
      1.01(c)(i)(A) upon the surrender of such certificate in accordance with Section
      1.07, without interest. No fractional shares may be issued; but each fractional
      share that would result from the Merger will be rounded to the nearest number
      of
      whole shares. 

    

    (C) The
      Merger Shares (I) shall represent 97.58%, on a fully diluted basis, of the
      voting power of all classes of issued and outstanding stock of CSWT at the
      Effective Time, after giving effect to the Merger, and (II) shall be convertible
      into 97.58% of the common stock of CSWT on a fully diluted basis on the Closing
      Date, subject to the consummation of the spin-off transaction described in
      the
      Operating Subsidiary Agreement (as defined in Section 5.01(d)
      hereof).

     

    (ii) Conversion
      of Merger Sub Stock.
      At the
      Effective Time, by virtue of the Merger and without any action on the part
      of
      AWSG, CSWT, the Merger Sub, or the holders of any of their respective
      securities, each share of capital stock of Merger Sub outstanding immediately
      prior to the Effective Time shall be converted into one share of the common
      stock of the Surviving Entity and the shares of common stock of the Surviving
      Entity so issued in such conversion shall constitute the only outstanding shares
      of capital stock of the Surviving Entity and the Surviving Entity shall be
      a
      wholly owned subsidiary of CSWT. 

    

    (d) Exemption
      from Registration.
      The
      Parties intend that the issuance of the Merger Shares to the AWSG Shareholders
      shall be exempt from the registration requirements of the Securities Act of
      1933
      (the “Securities
      Act”)
      pursuant to Section 4(2) of the Securities Act and the rules and regulations
      promulgated thereunder.

    
      

      
        	
                SECTION
                  

              	 1.02	
                CLOSING.
                  

              

      

       

    

    The
      closing of the Share Purchase and the Merger (the “Closing”)
      will
      take place at the offices of Robert Brantl, Esq., counsel for AWSG, within
      one
      (1) business day following the satisfaction or waiver of the conditions
      precedent set forth in Article V or at such other date as CSWT and AWSG shall
      agree (the “Closing
      Date”),
      but
      in any event no later than July 31, 2007 unless extended by a written agreement
      of CSWT and AWSG. 

    

    
      
         

      

      
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                SECTION
                  

              	 1.03	
                
                  MERGER;
                    EFFECTIVE TIME.

                

              

      

        

    

    

    At
      the
      Effective Time and subject to and upon the terms and conditions of this
      Agreement, Merger Sub shall, and CSWT shall cause Merger Sub to, merge with
      and
      into AWSG in accordance with the provisions of the DGCL, the separate corporate
      existence of Merger Sub shall cease and AWSG shall continue as the Surviving
      Entity. The Effective Time shall occur upon the filing with the Secretary of
      State of the State of Delaware of a Certificate of Merger, executed in
      accordance with the applicable provisions of the DGCL (the “Effective
      Time”).
      The
      date on which the Effective Time occurs is referred to as the “Effective
      Date.”
      Provided that this Agreement has not been terminated pursuant to Article VI,
      the
      Parties will cause the Certificate of Merger to be filed as soon as practicable
      after the Closing.

    
      

      
        	
                SECTION
                  

              	 1.04	
                EFFECT
                  OF THE MERGER.

              

      

      
 

    

    The
      Merger shall have the effect set forth in Title 8, Section 259 of the DGCL.
      Without limiting the generality of the foregoing, and subject thereto, at the
      Effective Time, all the properties, rights, privileges, powers and franchises
      of
      AWSG and Merger Sub shall vest in the Surviving Entity, and all debts,
      liabilities and duties of AWSG and Merger Sub shall become the debts,
      liabilities and duties of the Surviving Entity.

    
      

      
        	
                SECTION
                  

              	 1.05	
                CERTIFICATE
                  OF INCORPORATION AND BYLAWS; DIRECTORS AND
                  OFFICERS. 

              

      

       

    

    Pursuant
      to the Merger: 

    

    (a) The
      Certificate of Incorporation and Bylaws of AWSG as in effect immediately prior
      to the Effective Time shall be the Certificate of Incorporation and Bylaws
      of
      the Surviving Entity immediately following the Merger. 

    

    (b) The
      directors and officers of the AWSG immediately prior to the Merger shall be
      the
      directors and officers of the Surviving Entity subsequent to the Merger.

    

    
      	
              SECTION
                

            	
               1.06

            	
              RESTRICTIONS
                ON RESALE

            

    

    

    (a) The
      Merger Shares will not be registered under the Securities Act, or the securities
      laws of any state, and shall not be transferred, hypothecated, sold or otherwise
      disposed of until: (i) a registration statement with respect to such securities
      is declared effective under the Securities Act, or (ii) CSWT receives an opinion
      of counsel for CSWT that an exemption from the registration requirements of
      the
      Securities Act is available. 

    

    The
      certificates representing the Series A Convertible Preferred Shares which are
      being issued to the AWSG Shareholders shall contain a legend substantially
      as
      follows:

    

    “THE
      SECURITIES WHICH ARE REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED,
      HYPOTHECATED OR OTHERWISE DISPOSED OF UNTIL A REGISTRATION STATEMENT WITH
      RESPECT THERETO IS DECLARED EFFECTIVE UNDER SUCH ACT, OR CHINA SOFTWARE
      TECHNOLOGY GROUP CO., LTD. RECEIVES AN OPINION OF COUNSEL FOR CHINA SOFTWARE
      TECHNOLOGY GROUP CO., LTD. THAT AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
      OF SUCH ACT IS AVAILABLE.” 

    

    
      
         

      

      
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                SECTION
                  

              	 1.07	
                EXCHANGE
                  OF CERTIFICATES.

              

      

      
(a) Exchange
        of Certificates.
        After
        the Effective Time, the AWSG Shareholders shall be required to surrender
        all
        their AWSG Shares to the Exchange Agent, and the AWSG Shareholders shall
        be
        entitled upon such surrender to receive in exchange therefor certificates
        representing the proportionate number of Merger Shares into which the AWSG
        Shares theretofore represented by the stock transfer forms so surrendered
        shall
        have been exchanged pursuant to this Agreement. Beginning at the Effective
        Time
        and until so surrendered, each outstanding certificate which, prior to the
        Effective Time, represented AWSG Shares shall be deemed for all corporate
        purposes, subject to the further provisions of this Article I, to evidence
        the
        ownership of the number of whole Merger Shares for which such AWSG Shares
        will
        have been so exchanged. No dividend payable to holders of record of Merger
        Shares as of any date subsequent to the Effective Time shall be paid to the
        owner of any certificate which, prior to the Effective Time, represented
        AWSG
        Shares, until such certificate or certificates representing all the relevant
        AWSG Shares, together with a stock transfer form, are surrendered as provided
        in
        this Article I or pursuant to letters of transmittal or other instructions
        with
        respect to lost certificates provided by the Exchange Agent.

    

    

    (b) Full
      Satisfaction of Rights.
      All
      Merger Shares for which the AWSG Shares shall have been exchanged pursuant
      to
      this Article I shall be deemed to have been issued in full satisfaction of
      all
      rights pertaining to the AWSG Shares.

    

    (c) Exchange
      of Certificates.
      All
      certificates representing AWSG Shares converted into the right to receive Merger
      Shares pursuant to this Article I shall be furnished to CSWT subsequent to
      delivery thereof to the Exchange Agent pursuant to this Agreement.

    

    (d) Closing
      of Transfer Books.
      On the
      Effective Date, the stock transfer book of AWSG shall be deemed to be closed
      and
      no transfer of AWSG Shares shall thereafter be recorded thereon. 

    

    

    ARTICLE
      II

    REPRESENTATIONS
      AND WARRANTIES OF CSWT

    

    CSWT
      and,
      where applicable, the Merger Sub hereby jointly and severally represent and
      warrant to AWSG and to the Shareholders of AWSG, as of the date of this
      Agreement, as of the Closing Date and as of the Effective Time, as follows:
      

    
      

      
        	
                SECTION
                  

              	 2.01	
                ORGANIZATION,
                  STANDING AND POWER. 

              

      

      
 

    

    CSWT
      is a
      corporation duly incorporated, validly existing and in good standing under
      the
      laws of the State of Delaware, and has corporate power and authority to conduct
      its business as presently conducted by it and to enter into and perform this
      Agreement and to carry out the transactions contemplated by this Agreement.
      Merger Sub is a corporation duly incorporated, validly existing and in good
      standing under the laws of the State of Delaware, and has corporate power and
      authority to enter into and perform this Agreement and to carry out the
      transactions contemplated by this Agreement. 

    
      

      
        	
                SECTION
                  

              	 2.02	
                SUBSIDIARIES

              

      

       

    

    Except
      as
      described specifically in the Annual Report on Form 10-KSB filed by CSWT on
      April 6, 2007 (the “10-KSB”)
      and as
      set forth specifically in this Agreement, CSWT does not have a material
      ownership interest in any Person.  Merger
      Sub is a recently formed corporation and prior to the date hereof and through
      the Effective Date, Merger Sub shall not conduct any operating business, become
      a party to any agreements, or incur any liabilities or obligations.

    

    
      
         

      

      
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                SECTION
                  

              	 2.03	
                CAPITALIZATION.
                  

              

      

      
(a) There
        are
        41,000,000 shares of capital stock of CSWT authorized, consisting of 40,000,000
        shares of common stock, $0.001 par value per share (the “CSWT
        Common Shares”)
        and
        1,000,000 shares of preferred stock, $0.001 per share (“CSWT
        Preferred Shares”).
        As of
        the date of this Agreement and as of the Closing Date, there are and will
        be
        21,502,568 CSWT Common Shares issued and outstanding.

    

    

    (b) No
      CSWT
      Common Shares or CSWT Preferred Shares have been reserved for issuance to any
      Person, and there are no outstanding rights, warrants, options or agreements
      for
      the purchase of CSWT Common or Preferred Shares except as provided in this
      Agreement or in the Operating Subsidiary Agreement. 

    

    (c) All
      outstanding CSWT Common Shares are validly issued, fully paid, non-assessable,
      not subject to pre-emptive rights and have been issued in compliance with all
      state and federal securities laws or other Applicable Law. The Series A
      Convertible Shares issuable to the AWSG Shareholders pursuant to the Merger
      will, when issued pursuant to this Agreement, be duly and validly authorized
      and
      issued, fully paid and non-assessable.

    
      

      
        	
                SECTION
                  

              	 2.04	
                AUTHORITY
                  FOR AGREEMENT. 

              

      

      
 

    

    The
      execution, delivery, and performance of this Agreement by each of CSWT and
      Merger Sub have been duly authorized by all necessary corporate and shareholder
      action, and this Agreement, upon its execution by the Parties, will constitute
      the valid and binding obligation of each of CSWT and the Merger Sub, enforceable
      against each of them in accordance with and subject to its terms, except as
      enforceability may be affected by bankruptcy, insolvency or other laws of
      general application affecting the enforcement of creditors' rights. The
      execution and consummation of the transactions contemplated by this Agreement
      and compliance with its provisions by CSWT and Merger Sub will not violate
      any
      provision of Applicable Law and will not conflict with or result in any breach
      of any of the terms, conditions, or provisions of, or constitute a default
      under, CSWT's or Merger Sub’s Certificate of Incorporation, or either of their
      Bylaws, in each case as amended, or, in any material respect, any indenture,
      lease, loan agreement or other agreement or instrument to which CSWT is a party
      or by which it or any of its properties is bound, or any decree, judgment,
      order, statute, rule or regulation applicable to CSWT or Merger Sub.

     

    
      

      
        	
                SECTION
                  

              	 2.05	
                FINANCIAL
                  CONDITION

              

      

       

    

    The
      financial statements of CSWT and the additional information regarding the
      financial condition of CSWT contained in the 10-KSB are true, correct and
      complete in all material respects, are not misleading and do not omit to state
      any material fact which is necessary to make the statements and information
      contained in the Annual Report not misleading in any material respect. The
      financial statements included in the Annual Report were prepared in accordance
      with generally accepted accounting principles and fairly reflect the financial
      condition of CSWT as of the dates stated and the results of its operations
      for
      the periods presented.

    

    
      
         

      

      
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                SECTION
                  

              	 2.06	
                ABSENCE
                  OF CERTAIN CHANGES OR EVENTS.
                  

              

      

      
Since
        December 31, 2006, except as reported in the 10-KSB and other public reports
        of
        CSWT filed with the SEC and except as contemplated by this
        Agreement:

    

    

    (a) there
      has
      not been any Material Adverse Change in the business, operations, properties,
      assets, or condition of CSWT; 

    

    (b) CSWT
      has
      not (i) amended its Certificate of Incorporation; (ii) declared or made, or
      agreed to declare or make, any payment of dividends or distributions of any
      assets of any kind whatsoever to stockholders or purchased or redeemed, or
      agreed to purchase or redeem, any outstanding capital stock; (iii) made any
      material change in its method of management, operation, or accounting; (iv)
      entered into any material transaction; or (v) made any material accrual or
      arrangement for payment of bonuses or special compensation of any kind or any
      severance or termination pay to any present or former officer or employee;
      

    

    (c) CSWT
      has
      not (i) borrowed or agreed to borrow any material amount of funds or incurred,
      or become subject to, any material obligation or liability (absolute or
      contingent) except liabilities incurred in the ordinary course of business;
      (ii)
      paid any material obligation or liability (absolute or contingent) other than
      current liabilities reflected in or shown on the most recent CSWT balance sheet,
      and current liabilities incurred since that date in the ordinary course of
      business; (iii) sold or transferred, or agreed to sell or transfer, any material
      assets, properties, or rights, or canceled, or agreed to cancel, any material
      debts or claims; or (iv) made or permitted any material amendment or termination
      of any contract, agreement, or license to which it is a party. 

     

    
      

      
        	
                SECTION
                  

              	 2.07	
                GOVERNMENTAL
                  AND THIRD PARTY
                  CONSENTS

              

      

    

    

    No
      consent, waiver, approval, order or authorization of, or registration,
      declaration or filing with, any court, administrative agency or commission
      or
      other federal, state, county, local or other foreign governmental authority,
      instrumentality, agency or commission or any third party, including a party
      to
      any agreement with CSWT or Merger Sub, is required by or with respect to CSWT
      or
      Merger Sub in connection with the execution and delivery of this Agreement
      or
      the consummation of the transactions contemplated hereby, except for such
      consents, waivers, approvals, orders, authorizations, registrations,
      declarations and filings as may be required under (i) applicable securities
      laws, or (ii) the DGCL.

    

    
      	
              SECTION
                

            	 2.08	
              LITIGATION

            

    

    

    There
      is
      no material action, suit, investigation, audit or proceeding pending against,
      or
      to the Knowledge of CSWT, threatened against or affecting, CSWT or the Merger
      Sub or any of their respective assets or properties before any court or
      arbitrator or any governmental body, agency or official.

    

    
      	
              SECTION
                

            	 2.09	
              INTERESTED
                PARTY TRANSACTIONS

            

    

    

    CSWT
      is
      not indebted to any officer or director of CSWT, and no such person is indebted
      to CSWT.

    
      

      
        	
                SECTION
                  

              	 2.10	
                COMPLIANCE
                  WITH APPLICABLE LAWS. 

              

      

      
 

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    To
      the
      Knowledge of CSWT, the business of each of CSWT and the Merger Sub has not
      been,
      and is not being, conducted in violation of any Applicable Law. 

    
      

      
        	
                SECTION
                  

              	  2.11	
                
                  TAX
                    RETURNS AND
                    PAYMENT

                

              

      

       

    

    CSWT
      has
      duly and timely filed all material Tax Returns required to be filed by it and
      has duly and timely paid all Taxes shown thereon to be due, or has corrected
      any
      late filing and paid any fees due in relation thereto. Except as disclosed
      in
      financial statements filed with the 10-KSB or other public filing with the
      SEC
      of CSWT, there is no material claim for Taxes that is a Lien against the
      property of CSWT other than Liens for Taxes not yet due and payable, none of
      which is material. CSWT has not received written notification of any audit
      of
      any Tax Return of CSWT being conducted or pending by a Tax authority, no
      extension or waiver of the statute of limitations on the assessment of any
      Taxes
      has been granted by CSWT which is currently in effect, and CSWT is not a party
      to any agreement, contract or arrangement with any Tax authority or otherwise,
      which may result in the payment of any material amount in excess of the amount
      reflected on the above referenced CSWT financial statements.

     

    
      

      
        	
                SECTION
                  

              	 2.12 	
                
                  SECURITY
                    LISTING

                

              

      

       

    

    

    CSWT
      is
      in material compliance with all requirements of the Securities Exchange Act
      of
      1934, as amended (the “Exchange
      Act”),
      and
      all CSWT public filings required under the Exchange Act have been made. The
      common stock of CSWT is listed for quotation on the OTC Bulletin Board. To
      the
      Knowledge of CSWT, CSWT has not been threatened or is not subject to removal
      of
      its common stock from the OTC Bulletin Board. 

    
      

      
        	
                SECTION
                  

              	 2.13 	
                FINDERS’
                  FEES 

              

      

       

    

    CSWT
      has
      not incurred, nor will it incur, directly or indirectly, any material liability
      for brokers’ or finders’ fees or agents’ commissions or investment bankers’ fees
      or any similar charges in connection with this Agreement or any transaction
      contemplated hereby. 

    

    

    ARTICLE
      III

    REPRESENTATIONS
      AND WARRANTIES OF AWSG

    

    AWSG
      hereby represents and warrants to CSWT and to Merger Sub, as of the date of
      this
      Agreement, as of the Closing Date, and as of the Effective Time (except as
      otherwise indicated), as follows: 

    
      

      
        	
                SECTION
                  

              	 3.01	
                ORGANIZATION,
                  STANDING AND POWER. 

              

      

       

    

    AWSG
      is a
      privately held corporation duly incorporated, validly existing and in good
      standing under the laws of the State of Delaware, and has corporate power and
      authority to conduct its business as presently conducted by it and to enter
      into
      and perform this Agreement and to carry out the transactions contemplated by
      this Agreement. 

    
      

      
        	
                SECTION
                  

              	 3.02	
                CAPITALIZATION.
                  

              

      

       

    

    There
      are
      100,000,000 shares of AWSG capital stock authorized, consisting of 100,000,000
      shares of common stock with $.00001 par value (the “AWSG
      Common Shares”).
      As of
      the date of this Agreement, and as of the Closing Date, there are 30,000 issued
      and outstanding AWSG Common Shares. No AWSG Common Shares have been reserved
      for
      issuance to any Person, and there are no outstanding rights, warrants, options
      or agreements for the purchase of AWSG Common Shares. No Person is entitled
      to
      any rights with respect to the conversion, exchange or delivery of the AWSG
      Common Shares. The AWSG Common Shares have been issued in compliance with
      Applicable Law. 

    
       

       

      
 

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      
        	
                SECTION
                  

              	 3.03	
                AUTHORITY
                  FOR AGREEMENT. 

              

      

       

    

    The
      execution, delivery and performance of this Agreement by AWSG has been duly
      authorized by all necessary corporate and shareholder action, and this Agreement
      constitutes the valid and binding obligation of AWSG, enforceable against AWSG
      in accordance with its terms, except as enforceability may be affected by
      bankruptcy, insolvency or other laws of general application affecting the
      enforcement of creditors' rights. The execution and consummation of the
      transactions contemplated by this Agreement and compliance with its provisions
      by AWSG will not violate any provision of Applicable Law and will not conflict
      with or result in any breach of any of the terms, conditions, or provisions
      of,
      or constitute a default under, AWSG’s Certificate of Incorporation or Bylaws, in
      each case as amended, or in any material respect, any indenture, lease, loan
      agreement or other agreement instrument to which AWSG is a party or by which
      it
      or any of its properties are bound, or any decree, judgment, order, statute,
      rule or regulation applicable to AWSG. 

    
      

      
        	
                SECTION
                  

              	 3.04	
                GOVERNMENTAL
                  OR THIRD PARTY CONSENT

              

      

       

    

    No
      consent, waiver, approval, order or authorization of, or registration,
      declaration or filing with, any court, administrative agency or commission
      or
      other federal, state, county, local or other foreign governmental authority,
      instrumentality, agency or commission or any third party, including a party
      to
      any agreement with AWSG, is required by or with respect to AWSG in connection
      with the execution and delivery of this Agreement or the consummation of the
      transactions contemplated hereby, except for such consents, waivers, approvals,
      orders, authorizations, registrations, declarations and filings as may be
      required under (i) applicable securities laws, or (ii) the
      DGCL.

    
      

      
        	
                SECTION
                  

              	 3.05	
                BUSINESS
                  OPERATIONS AND LIABILITIES -
                  AWSG.
                  

              

      

       

    

    AWSG
      has
      conducted no business operations other than the acquisition of ownership of
      the
      capital stock of CLSS. AWSG has no liabilities other than liabilities that
      were
      incurred in the ordinary course of business and that will not exceed $10,000
      on
      the Closing Date. 

    
      

      
        	
                SECTION
                  

              	 3.06	
                ORGANIZATION
                  AND STANDING - CLSS.
                  

              

      

       

    

    CLSS
      is a
      corporation duly organized, validly existing and in good standing under the
      laws
      of the People’s Republic of China. CLSS has corporate power and authority to
      carry on its business as now conducted and to own and operate its assets,
      properties and business. 

    
      

      
        	
                SECTION
                  

              	 3.07	
                OWNERSHIP
                  OF CLSS SHARES. 

              

      

       

    

    AWSG
      is
      the owner of one hundred percent (100%) of the registered capital stock of
      CLSS,
      free and clear of all Liens, encumbrances, and restrictions whatsoever. No
      Person has any right to acquire capital stock of CLSS, whether by tender of
      consideration or otherwise. 

    
      

      
        	
                SECTION
                  

              	 3.08	
                CORPORATE
                  RECORDS. 

              

      

       

    

    All
      of
      the books and records of each of AWSG and CLSS, including, without limitation,
      its books of account, corporate records, minute book, stock certificate books
      and other records, are up-to-date and complete, and reflect accurately and
      fairly the conduct of its business in all material respects since its date
      of
      incorporation. All reports, returns and statements currently required to be
      filed by either AWSG or CLSS with any government agency with respect to the
      business and operations of AWSG or CLSS have been filed or valid extensions
      have
      been obtained in accordance with normal procedures (and such extensions will
      be
      valid as of the Closing Date) and all governmental reporting requirements have
      been complied with.

    
       

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      
 

      
        	
                SECTION
                  

              	 3.09 	
                FINANCIAL
                  STATEMENTS - CLSS

              

      

      
The
        financial statements of CLSS for the years ended December 31, 2006 and 2005
        previously delivered to CSWT have been prepared in accordance with accounting
        principles generally accepted in the United States and fairly present the
        financial condition of CLSS at the date presented and the results of operations
        of CLSS for those two years. 

    

     

    
      

      
        	
                SECTION
                  

              	 3.10	
                TAXES. 

              

      

       

    

    Each
      of
      AWSG and CLSS has filed all Tax Returns that it is required to file with all
      governmental agencies, wherever situate, and has paid or accrued for payment
      of
      all Taxes as shown on such returns except
      for Taxes being contested in good faith. There is no material claim for Taxes
      that is a Lien against the property of AWSG or CLSS other than Liens for Taxes
      not yet due and payable. All Taxes due and owing by either AWSG or CLSS have
      been paid. Neither AWSG or CLSS is the beneficiary of any extension of time
      within which to file any tax return.

     

    
      

      
        	
                SECTION
                  

              	 3.11	
                PENDING
                  ACTIONS. 

              

      

       

    

    There
      are
      no material legal actions, lawsuits, proceedings or investigations, either
      administrative or judicial, pending or threatened, against or affecting AWSG,
      CLSS, or against CLSS’s Officers or Directors that arose out of their operation
      of CLSS. Neither AWSG, CLSS, nor any of CLSS’s Officers or Directors are subject
      to any order, writ, judgment, injunction, decree, determination or award of
      any
      court, arbitrator or administrative, governmental or regulatory authority or
      body which would be likely to have a material adverse effect on the business
      of
      CLSS or AWSG. 

     

    
      

      
        	
                SECTION
                  

              	 3.12	
                INTELLECTUAL
                  PROPERTY AND INTANGIBLE ASSETS.  

              

      

       

    

    To
      the
      Knowledge of AWSG,
      CLSS
      has full legal right, title and interest in and to all of the intellectual
      property utilized in the operation of its business. CLSS has not received any
      written notice that the rights of any other person are violated by the use
      by
      CLSS of the intellectual property. None of the intellectual property has ever
      been declared invalid or unenforceable, or is the subject of any pending or,
      to
      the knowledge of any of the AWSG
      Shareholders,
      threatened action for opposition, cancellation, declaration, infringement,
      or
      invalidity, unenforceability or misappropriation or like claim, action or
      proceeding.

    
      

      
        	
                SECTION
                  

              	 3.13	
                COMPLIANCE
                  WITH LAWS.
                  

              

      

       

    

    CLSS's
      operations have been conducted in all material respects in accordance with
      all
      applicable statutes, laws, rules and regulations. CLSS is not in violation
      of
      any law, ordinance or regulation of the People’s Republic of China or of any
      other jurisdiction. CLSS holds all the environmental, health and safety and
      other permits, licenses, authorizations, certificates and approvals of
      governmental authorities (collectively, "Permits") necessary or proper for
      the
      current use, occupancy or operation of its business, and all of the Permits
      are
      now in full force and effect. 

    
      

      
        	
                SECTION
                  

              	 3.14	
                FINDERS’
                  FEES

              

      

       

    

    Neither
      AWSG nor CLSS has incurred, nor will it incur, directly or indirectly, any
      liability for brokers’ or finders’ fees or agents’ commissions or investment
      bankers’ fees or any similar charges in connection with this Agreement or any
      transaction contemplated hereby. 

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    ARTICLE
      IV

    CERTAIN
      COVENANTS AND AGREEMENTS

    
      

      
        	
                SECTION
                  

              	 4.01	
                
                  COVENANTS
                    OF
                    AWSG

                

              

      

       

    

    AWSG,
      for
      itself and on behalf of CLSS, covenants and agrees that, during the period
      from
      the date of this Agreement until the Closing Date, AWSG shall, except as
      otherwise disclosed in this Agreement and other than as contemplated by this
      Agreement or for the purposes of effecting the Closing pursuant to this
      Agreement, conduct its business as presently operated and solely in the ordinary
      course, and consistent with such operation, and, in connection therewith,
      without the written consent of CSWT:

    

    	(a)  	
            shall
              not amend its Certificate of Incorporation or
              Bylaws;

          

    

    	(b)  	
            shall
              not pay or agree to pay to any employee, officer or director compensation
              that is in excess of the current compensation level of such employee,
              officer or director other than salary increases or payments made in
              the
              ordinary course of business or as otherwise provided in any contracts
              or
              agreements with any such employees;

          

    

    	(c)  	
            shall
              not merge or consolidate with any other entity or acquire or agree
              to
              acquire any other entity; 

          

    

    	(d)  	
            shall
              not sell, transfer, or otherwise dispose of any material assets required
              for the operations of AWSG’s business, except in the ordinary course of
              business consistent with past practices;

          

    

    	(e)  	
            shall
              not declare or pay any dividends on or make any distribution of any
              kind
              with respect to the AWSG Shares; and

          

    

    	(f)  	
            shall
              use commercially reasonable efforts to comply with and not be in default
              or violation under any known law, regulation, decree or order applicable
              to AWSG’s business, operations or assets where such violation would have a
              Material Adverse Effect on AWSG.

          

    
      

      
        	
                SECTION
                  

              	 4.02	
                
                  COVENANTS
                    OF CSWT

                

              

      

       

    

    CSWT
      covenants and agrees that, during the period from the date of this Agreement
      until the Closing Date, CSWT shall not, other than as contemplated by this
      Agreement or for the purposes of effecting the Closing pursuant to this
      Agreement, conduct its business as presently operated and solely in the ordinary
      course, and consistent with such operation, and, in connection therewith,
      without the written consent of AWSG:

    

    	(a)  	
            shall
              not amend its Articles of Incorporation or Bylaws, except to create
              the
              Series A Convertible Shares as provided in Section
              1.01;

          

    

    	(b)  	
            shall
              not pay or agree to pay to any employee, officer or director compensation
              of any kind or amount; 

          

    

    	(c)  	
            shall
              not merge or consolidate with any other entity or acquire or agree
              to
              acquire any other entity; 

          

     

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    
 

    	(d)  	
            shall
              not create, incur, assume, or guarantee any material indebtedness for
              money borrowed except in the ordinary course of business, or create
              or
              suffer to exist any mortgage, Lien or other encumbrance on any of its
              material assets;

          

    

    	(e)  	
            shall
              not make any material capital expenditure or series of capital
              expenditures except in the ordinary course of
              business;

          

    

    	(f)  	
            shall
              not declare or pay any dividends on or make any distribution of any
              kind
              with respect to CSWT; 

          

    

    	(g)  	
            shall
              not issue any additional shares of CSWT capital stock or take any action
              affecting the capitalization of CSWT or the CSWT Common or Preferred
              Shares; and

          

     

    	(h)  	
            shall
              not grant any severance or termination pay to any director, officer
              or any
              other employees of CSWT.

          

    

     

    
      
        	
                SECTION
                  

              	 4.03	
                COVENANTS
                  OF THE PARTIES

              

      

      

    

    (a) Tax-free
      Reorganization.
      The
      Parties intend that the Merger qualify as a Tax-free “reorganization” under
      Sections 368(a) of the Code, as amended, and the Parties will take the position
      for all purposes that the Merger shall qualify as a reorganization under such
      Section. In addition, the Parties covenant and agree that they will not engage
      in any action, or fail to take any action, which action or failure to take
      action would reasonably be expected to cause the Merger to fail to qualify
      as a
      Tax-free “reorganization” under Section 368(a) of the Code, whether or not
      otherwise permitted by the provisions of this Agreement; 

    

    (b) Announcement.
      Neither
      AWSG nor CSWT shall issue any press release or otherwise make any public
      statement with respect to this Agreement or the transactions contemplated hereby
      without the prior consent of the other Party (which consent shall not be
      unreasonably withheld), except as may be required by applicable law or
      securities regulation. Upon execution of this Agreement, CSWT shall issue a
      press release, after approval thereof by AWSG, and file a Current Report on
      Form
      8-K reporting the execution of the Agreement.

    

    (c) Notification
      of Certain Matters.
      AWSG
      shall give prompt written notice to CSWT, and CSWT shall give prompt written
      notice to AWSG, of: 

    

    (i) The
      occurrence or nonoccurrence of any event the occurrence or nonoccurrence of
      which would be reasonably likely to cause any representation or warranty
      contained in this Agreement to be untrue or inaccurate in any material respect
      at or prior to the Effective Time; and 

    

    (ii) Any
      material failure of AWSG or any of the AWSG Shareholders on the one hand, or
      CSWT, on the other hand, to comply with or satisfy any covenant, condition
      or
      agreement to be complied with or satisfied by it hereunder. 

    

    (d) Reasonable
      Best Efforts.
      Before
      Closing, upon the terms and subject to the conditions of this Agreement, the
      Parties agree to use their respective reasonable best efforts to take, or cause
      to be taken, all actions, and to do, or cause to be done, all things necessary,
      proper or advisable (subject to applicable laws) to consummate and make
      effective the Merger and other transactions contemplated by this Agreement
      as
      promptly as practicable including, but not limited to: 

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    (i) The
      preparation and filing of all forms, registrations and notices required to
      be
      filed to consummate the Share Purchase and the Merger, including without
      limitation, any approvals, consents, orders, exemptions or waivers by any third
      party or governmental entity; and

    (ii) The
      satisfaction of the Party's conditions precedent to Closing. 

    

    (e) Access
      to Information 

    

    (i) Inspection
      by AWSG.
      CSWT
      will make available for inspection by AWSG, during normal business hours and
      in
      a manner so as not to interfere with normal business operations, all of CSWT’s
      records (including tax records), books of account, premises, contracts and
      all
      other documents in CSWT’s possession or control that are reasonably requested by
      AWSG to inspect and examine the business and affairs of CSWT. CSWT will cause
      its managerial employees and regular independent accountants to be available
      upon reasonable advance notice to answer questions of AWSG concerning the
      business and affairs of CSWT. AWSG will treat and hold as confidential any
      information it receives from CSWT in the course of the reviews contemplated
      by
      this Section 4.03(e). No examination by AWSG will, however, constitute a waiver
      or relinquishment by AWSG of its rights to rely on CSWT’s covenants,
      representations and warranties made herein or pursuant hereto.

    

    (ii) Inspection
      by CSWT.
      AWSG
      will, if requested, make available for inspection by CSWT, during normal
      business hours and in a manner so as not to interfere with normal business
      operations, all of AWSG’s records (including tax records), books of account,
      premises, contracts and all other documents in AWSG’s possession or control that
      are reasonably requested by CSWT to inspect and examine the business and affairs
      of AWSG and/or CLSS. AWSG will cause its managerial employees and regular
      independent accountants to be available upon reasonable advance notice to answer
      questions of CSWT concerning the business and affairs of AWSG and CLSS. CSWT
      will treat and hold as confidential any information it receives from AWSG in
      the
      course of the reviews contemplated by this Section 4.03(e). No examination
      by
      CSWT will, however, constitute a waiver or relinquishment by CSWT of its rights
      to rely on AWSG’s covenants, representations and warranties made herein or
      pursuant hereto.

    

    

    ARTICLE
      V

    CONDITIONS
      PRECEDENT

    

    SECTION
      5.01  CONDITIONS
      PRECEDENT TO THE PARTIES' OBLIGATIONS. 

    

    The
      obligations of the Parties as provided herein shall be subject to each of the
      following conditions precedent, unless waived in writing by both CSWT and AWSG:
      

    

    (a) Consents,
      Approvals.
      The
      Parties shall have obtained all necessary consents and approvals of their
      respective boards of directors, and all consents, approvals and authorizations
      required under their respective charter documents, and all material consents,
      including any material consents and waivers by the Parties’ respective lenders
      and other third parties, if necessary, to the consummation of the transactions
      contemplated by this Agreement. 

    

    (b) Shareholder
      Approval.
      This
      Agreement and the transactions contemplated hereby shall have been approved
      by
      the shareholders of AWSG in accordance with the applicable provisions of the
      DGCL and its bylaws.

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    (c) Absence
      of Certain Litigation.
      No
      action or proceeding shall be threatened or pending before any governmental
      entity or authority which, in the reasonable opinion of counsel for the Parties,
      is likely to result in a restraint, prohibition or the obtaining of damages
      or
      other relief in connection with this Agreement or the consummation of the
      transactions contemplated hereby.

    

    (d) Operating
      Subsidiary Agreement.
      CSWT
      shall have entered into an Assignment and Assumption and Management Agreement
      (the “Operating
      Subsidiary Agreement”)
      in the
      form attached hereto as Schedule
      5.01 (d))
      with HXT
      Holdings, Inc. (the “Operating
      Sub”)
      and
      the individuals identified as “Managers” in the Operating Subsidiary
      Agreement regarding
      (i) the transfer to the Operating Sub of all of the assets and liabilities
      of
      CSWT, (ii) the management and operation of the Operating Sub following the
      Closing, (iii) the indemnification by the CSWT Principal Shareholder of CSWT
      and
      AWSG (and their respective officers, directors and shareholders) from and
      against all liabilities of the Operating Sub existing on the Closing Date or
      arising thereafter, and (iv) the distribution of the stock of the Operating
      Sub
      to the holders of CSWT common stock when the registration statement with respect
      to the common stock of the Operating Sub has become effective. 

    
      

      
        	
                SECTION
                  

              	 5.02	
                
                  CONDITIONS
                    PRECEDENT TO THE OBLIGATIONS OF CSWT
                    

                

              

      

       

    

    The
      obligations of CSWT on the Closing Date as provided herein shall be subject
      to
      the satisfaction, on or prior to the Closing Date, of the following conditions
      precedent, unless waived in writing by CSWT: 

    

    (a) Consents
      and Approvals.
      AWSG
      shall have obtained all material consents, including any material consents
      and
      waivers by AWSG's lenders and other third parties, if necessary, to the
      consummation of the transactions contemplated by this Agreement. 

    

    (b)
       Representations
      and Warranties.
      The
      representations and warranties by AWSG in Article III herein shall be true
      and
      accurate in all material respects on and as of the Closing Date with the same
      force and effect as though such representations and warranties had been made
      at
      and as of the Closing Date, except to the extent that any changes therein are
      specifically contemplated by this Agreement. 

    

    (c) Performance.
      AWSG
      and CLSS shall have performed and complied in all material respects with all
      agreements to be performed or complied with by it pursuant to this Agreement
      at
      or prior to the Closing.

    

    (d) Proceedings
      and Documents.
      All
      corporate, company and other proceedings in connection with the transactions
      contemplated by this Agreement and all documents and instruments incident to
      such transactions shall be reasonably satisfactory in substance and form to
      CSWT
      and its counsel, and CSWT and its counsel shall have received all such
      counterpart originals (or certified or other copies) of such documents as they
      may reasonably request. 

    

    (e) Certificate
      of Good Standing.
      AWSG
      shall have delivered to CSWT a certificate as to the good standing of AWSG
      certified by the Secretary of State of the State of Delaware on or within five
      (5) business days prior to the Closing Date. 

    

    (f) Material
      Changes.
      Except
      as contemplated by this Agreement, since the date hereof, neither CLSS nor
      AWSG
      shall have suffered a Material Adverse Effect, and, without limiting the
      generality of the foregoing, there shall be no pending litigation to which
      CLSS
      or AWSG is a party which is reasonably likely to have a Material Adverse Effect
      on AWSG.

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    (g) SEC
      Filing.
      No less
      than one week prior to the Closing, AWSG shall have delivered to CSWT the
      financial statements, report of AWSG’s independent registered public accountant,
      and other information required for inclusion in the Current Report that CSWT
      will file with the SEC within four business days after the Closing.

    

    (h) Stock
      Option Agreement.
      The
      Stock Option Agreement of even date herewith among Yuan Qing Li, Ling Chen,
      and
      Warner Technology and Investment Corp. shall have been executed and be in full
      force and effect, and the Option Purchase Price thereunder shall be tendered
      to
      the Sellers thereunder simultaneous with the Closing hereunder.

    
      

      
        	
                SECTION
                  

              	 5.03  	
                CONDITIONS
                  PRECEDENT TO THE OBLIGATIONS OF
                  AWSG

              

      

       

    

    The
      obligations of AWSG on the Closing Date as provided herein shall be subject
      to
      the satisfaction, on or prior to the Closing Date, of the following conditions
      precedent, unless waived in writing by AWSG: 

    

    (a)  Consents
      And Approvals.
      CSWT
      and the Merger Sub shall have obtained all material consents, including any
      material consents and waivers of its respective lenders and other third parties,
      if necessary, to the consummation of the transactions contemplated by this
      Agreement. 

    

    (b)  Representations
      And Warranties.
      The
      representations and warranties by CSWT and Merger Sub in Article II herein
      shall
      be true and accurate in all material respects on and as of the Closing Date
      with
      the same force and effect as though such representations and warranties had
      been
      made at and as of the Closing Date, except to the extent that any changes
      therein are specifically contemplated by this Agreement. 

    

    (c)  Performance.
      CSWT
      and Merger Sub shall have performed and complied in all material respects with
      all agreements to be performed or complied with by it pursuant to this Agreement
      prior to or at the Closing. 

    

    (d)  Proceedings
      And Documents.
      All
      corporate, company and other proceedings in connection with the transactions
      contemplated by this Agreement and all documents and instruments incident to
      such transactions shall be reasonably satisfactory in substance and form to
      AWSG
      and its counsel, and AWSG and its counsel shall have received all such
      counterpart originals (or certified or other copies) of such documents as they
      may reasonably request. 

    

    (e)  Certificates
      of Good Standing.
      CSWT
      shall have delivered to AWSG certificates as to its and the Merger Sub’s good
      standing in the State of Delaware, in each case certified by the Secretary
      of
      State not more than five (5) business days prior to the Closing
      Date.

     

    (f)  Material
      Changes.
      Except
      as contemplated by this Agreement, since the date hereof, neither CSWT nor
      the
      Merger Sub shall have suffered a Material Adverse Effect and, without limiting
      the generality of the foregoing, there shall be no pending litigation to which
      CSWT or the Merger Sub is a party which is reasonably likely to have a Material
      Adverse Effect on CSWT or the Merger Sub.

    

    (g)  Status
      of CSWT.
      At the
      Effective Time of the Merger, CSWT (i) shall be in material compliance with
      all
      requirements of the Exchange Act, and shall be current in all of its reports
      required to be filed under the Exchange Act, (ii) shall not have been threatened
      or subject to delisting from the OTC Bulletin Board, and (iii) shall have
      21,502,568 CSWT Common Shares outstanding, and there shall be no preferred
      stock
      outstanding nor, except as provided hereunder or in the Operating Subsidiary
      Agreement, any options, warrants or rights to acquire capital stock of CSWT
      whether for additional consideration or on conversion.

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    (h)  Certificate
      of Designations. The
      Board
      of Directors of CSWT shall have filed in the Office of the Secretary of State
      of
      the State of Delaware a Certification of Designations of the Series A
      Convertible Shares in the form of Schedule 1.01(a) hereto. 

    

    (i)  CSWT
      Board of Directors.
      At the
      Effective Time of the Merger or in accordance with applicable law, all of the
      officers and members of the board of directors of CSWT shall tender their
      resignations as officers and directors of CSWT, and the vacancies created on
      the
      CSWT board of directors shall be filled by persons designated by the Board
      of
      Directors of AWSG. 

    

    (j) Information
      Statement.
      No less
      than ten days prior to the Closing, CSWT shall have filed with the SEC and
      mailed to its shareholders of record an information statement containing the
      information required by SEC Rule 14f-1, which shall be provided by
      AWSG.

    

    (k) Stock
      Option Agreement.
      The
      Stock Option Agreement of even date herewith among Yuan Qing Li, Ling Chen
      and
      Warner Technology and Investment Corp. shall have been executed and be in full
      force and effect, and certificates for the Option Shares thereunder shall be
      delivered to the Escrow Agent thereunder with appropriate endorsements
      simultaneous with the Closing hereunder.

    

    ARTICLE
      VI

    TERMINATION

    
      

      
        	
                SECTION
                  

              	 6.01	
                TERMINATION.
                  

              

      

       

      This
        Agreement may be terminated and the Merger may be abandoned at any time prior
        to
        the Effective Time by: 

    

    

    (a) The
      mutual written consent of the Boards of Directors of CSWT and AWSG;

    

    (b) Either
      CSWT, on the one hand, or AWSG, on the other hand, if any governmental entity
      or
      court of competent jurisdiction shall have issued an order, decree or ruling
      or
      taken any other action (which order, decree, ruling or other action the Parties
      shall use their commercially reasonable best efforts to lift), which restrains,
      enjoins or otherwise prohibits the Merger or the issuance of the Series A
      Convertible Shares as contemplated herein and such order, decree, ruling or
      other action shall have become final and non-appealable; 

     

    (c) CSWT,
      if
      AWSG shall have breached in any material respect any of its or his
      representations, warranties, covenants or other agreements contained in this
      Agreement, and the breach cannot be or has not been cured within thirty (30)
      calendar days after the giving of written notice by CSWT to AWSG; 

    

    (d) AWSG,
      if
      CSWT or the Merger Sub shall have breached in any material respect any of its
      representations, warranties, covenants or other agreements contained in this
      Agreement, and the breach cannot be or has not been cured within thirty (30)
      calendar days after the giving of written notice by AWSG to CSWT; or

    

    (e) Without
      any action on the part of the Parties if required by Applicable Law or if the
      Closing shall not be consummated by July 31, 2007, unless extended by written
      agreement of CSWT and AWSG. 

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    
      

      
        	
                SECTION
                  

              	 6.02	
                EFFECT
                  OF TERMINATION.

              

      

    

     

    If
      this
      Agreement is terminated as provided in Section 6.01, written notice of such
      termination shall be given by the terminating Party to the other Party
      specifying the provision of this Agreement pursuant to which such termination
      is
      made, this Agreement shall become null and void and there shall be no liability
      on the part of CSWT or AWSG, provided,
      however, that (a) the provisions of Articles VII and VIII hereof shall survive
      the termination of this Agreement; (b) nothing in this Agreement shall relieve
      any Party from any liability or obligation with respect to any willful breach
      of
      this Agreement; and (c) termination shall not affect accrued rights or
      liabilities of any Party at the time of such termination. 

    

    ARTICLE
      VII

    CONFIDENTIALITY

    

     

    
      
        	
                SECTION
                  

              	 7.01	
                CONFIDENTIALITY

              

      

       

    

    CSWT,
      on
      the one hand, and AWSG, on the other hand, will keep confidential all
      information and documents obtained from the other, including but not limited
      to
      any information or documents provided pursuant to Section 4.03(e) hereof (except
      for any information disclosed to the public pursuant to a press release
      authorized by the Parties); and in the event the Closing does not occur or
      this
      Agreement is terminated for any reason, will promptly return such documents
      and
      all copies of such documents and all notes and other evidence thereof, including
      material stored on a computer, and will not use such information for its own
      advantage, except to the extent that (i) the information must be disclosed
      by
      law, (ii) the information becomes publicly available by reason other than
      disclosure by the Party subject to the confidentiality obligation, (iii) the
      information is independently developed without use of or reference to the other
      Party’s confidential information, (iv) the information is obtained from another
      source not obligated to keep such information confidential, or (v) the
      information is already publicly known or known to the receiving Party when
      disclosed as demonstrated by written documentation in the possession of such
      Party at such time. 

    

    ARTICLE
      VIII

    INDEMNIFICATION

    
      

    
      
        	
                SECTION
                  

              	 8.01	
                INDEMNIFICATION
                  BY CSWT

              

      

      

    

    CSWT
      shall indemnify, defend and hold harmless each of AWSG, any subsidiary or
      affiliate thereof and each person who is now, or has been at any time prior
      to
      the date hereof or who becomes prior to the Closing, a shareholder, officer,
      director or partner of AWSG, any subsidiary or affiliate thereof or an employee
      of AWSG, any subsidiary or affiliate thereof and their respective heirs, legal
      representatives, successors and assigns (the “AWSG
      Indemnified Parties”)
      against all losses, claims, damages, costs, expenses (including reasonable
      attorneys’ fees), liabilities or judgments or amounts that are paid in
      settlement of or in connection with any threatened or actual third party claim,
      action, suit, proceeding or investigation based in whole or in part on or
      arising in whole or in part out of (i) any material breach of this Agreement
      by
      CSWT or any subsidiary or affiliate thereof, including but not limited to
      failure of any representation or warranty to be true and correct at or before
      the Closing, or (ii) any willful or grossly negligent act, omission or conduct
      of any officer, director or agent of CSWT or any subsidiary or affiliate thereof
      prior to the Closing, whether asserted or claimed prior to, at or after, the
      Closing. Any AWSG Indemnified Party wishing to claim indemnification under
      this
      Section 8.01, upon learning of any such claim, action, suit, proceeding or
      investigation, shall notify CSWT in writing, but the failure to so notify shall
      not relieve CSWT from any liability that it may have under this Section 8.01,
      except to the extent that such failure would materially prejudice
      CSWT.

     

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    
 

    
      	
              SECTION
                

            	 8.02	
              INDEMNIFICATION
                BY AWSG

            

    

    

    AWSG
      shall indemnify, defend and hold harmless each of CSWT, any subsidiary or
      affiliate thereof and each person who is now, or has been at any time prior
      to
      the date hereof or who becomes prior to the Closing, a shareholder, officer,
      director or partner of CSWT, any subsidiary or affiliate thereof or an employee
      of CSWT, any subsidiary or affiliate thereof and their respective heirs, legal
      representatives, successors and assigns (the “CSWT
      Indemnified Parties”)
      against all losses, claims, damages, costs, expenses (including reasonable
      attorneys’ fees), liabilities or judgments or amounts that are paid in
      settlement of or in connection with any threatened or actual third party claim,
      action, suit, proceeding or investigation based in whole or in part on or
      arising in whole or in part out of (i) any material breach of this Agreement
      by
      AWSG, any subsidiary or affiliate thereof or any AWSG Shareholder, including
      but
      not limited to failure of any representation or warranty to be true and correct
      at or before the Closing, or (ii) any willful or negligent act, omission or
      conduct of any officer, director or agent of AWSG or any subsidiary or affiliate
      thereof prior to the Closing, whether asserted or claimed prior to, at or after,
      the Closing. Any CSWT Indemnified Party wishing to claim indemnification under
      this Section 8.02, upon learning of any such claim, action, suit, proceeding
      or
      investigation, shall notify AWSG in writing, but the failure to so notify shall
      not relieve AWSG from any liability that it may have under this Section 8.02,
      except to the extent that such failure would materially prejudice
      AWSG.

     

    
      

      
        	
                SECTION
                  

              	 8.03	
                INDEMNIFICATION
                  OF EXCHANGE AGENT

              

      

       

    

    CSWT
      and
      AWSG (for the purposes of this Section 8.03, the “Indemnitors”)
      agree
      to indemnify the Exchange Agent and his employees and agents (collectively,
      the
“Indemnitees”)
      against, and hold them harmless of and from, any and all loss, liability, cost,
      damage and expense, including without limitation, reasonable counsel fees,
      which
      the Indemnitees, or any of them, may suffer or incur by reason of any action,
      claim or proceeding brought against the Indemnitees, or any one of them, arising
      out of or relating in any way to the Exchange Agent’s service in such capacity,
      unless such action, claim or proceeding is the result of the willful misconduct
      or gross negligence of any of the Indemnitees.

    

    

    ARTICLE
      IX

    MISCELLANEOUS

     

    
      

      
        	
                SECTION
                  

              	 
                9.01	
                EXPENSES
                  

              

      

       

    

    Except
      as
      contemplated by this Agreement, all costs and expenses incurred in connection
      with this Agreement and the consummation of the transactions contemplated by
      this Agreement shall be paid by the Party incurring such expenses. 

     

    
      

      
        	
                SECTION
                  

              	 9.02	
                APPLICABLE
                  LAW 

              

      

       

    

    This
      Agreement shall be governed by the laws of the State of Delaware, without giving
      effect to the principles of conflicts of laws thereof, as applied to agreements
      entered into and to be performed in such state. 

     

    
      

      
        	
                SECTION
                  

              	 9.03	
                NOTICES.
                  

              

      

       

    

    All
      notices and other communications under this Agreement shall be in writing and
      shall be deemed to have been duly given or made as follows: 

    

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    (a) If
      sent
      by reputable overnight air courier (such as Federal Express), 2 business days
      after being sent; 

    

    (b) If
      sent
      by facsimile transmission, with a copy mailed on the same day in the manner
      provided in clause (a) above, when transmitted and receipt is confirmed by
      the
      fax machine; or 

    

    
      	 	
              (c)

            	
              If
                otherwise actually personally delivered, when delivered.
                

            

    

    

    All
      notices and other communications under this Agreement shall be sent or delivered
      as follows: 

    

    If
      to
      AWSG, to: 

    

    American
      Wenshen Steel Group, Inc.

    c/o
      American Union Securities, Inc.

    Attn.:
      Peter D. Zhou

    100
      Wall
      Street, 15th
      Floor

    New
      York,
      NY 10005

    Telephone:
      212-232-0120 X 228

    Facsimile:
      212-785-5867

    

    with
      a
      copy (which shall not constitute notice) to:

     

    Robert
      Brantl, Esq.

    52
      Mulligan Lane

    Irvington,
      NY 10533

    Telephone:
      914-693-3026

    Facsimile:
      914-693-1807

    

    If
      to
      CSWT, to: 

    

    Mr.
      Yuan
      Qing Li

    China
      Software Technology Group Co., Ltd.

    Skyworth
      Building, No. 5, Floor 6, Block A

    Hi-Tech
      Industrial Park, Nanshan District

    Shenzhen,
      P.R. China 518057

    Telephone:
      380-228-7356

    Facsimile:
      755-8282-1141

     

    with
      a
      copy (which shall not constitute notice) to:

    

    Darren
      Ocasio, Esq.

    600
      Madison Avenue, 14th
      Floor

    New
      York,
      NY 10022 

    
         Telephone:
        212-371-8008

    

    Facsimile:
      212-688-7273

    

    Each
      Party may change its address by written notice in accordance with this Section.
      

    

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    

    
      
        

        
          	
                  SECTION
                    

                	 9.04	
                  ENTIRE
                    AGREEMENT. 

                

        

      
  

    This
      Agreement (including the documents and instruments referred to in this
      Agreement) contains the entire understanding of the Parties with respect to
      the
      subject matter contained in this Agreement, and supersedes and cancels all
      prior
      agreements, negotiations, correspondence, undertakings and communications of
      the
      Parties, oral or written, respecting such subject matter including the Letter
      of
      Intent made by AWSG and CSWT dated January 26, 2007. 

    
      
        

        
          	
                  SECTION
                    

                	 9.05	
                  ASSIGNMENT.
                    

                

        

         

      

    

    Neither
      this Agreement nor any of the rights, interests or obligations under this
      Agreement shall be assigned by any of the Parties (whether by operation of
      law
      or otherwise) without the prior written consent of the other Parties;
provided
      that in
      no event may the right to indemnification provided by Article VIII hereto be
      assigned by any of the Parties, with or without consent, except by operation
      of
      law. Subject to the immediately foregoing sentence of this Section 9.05, this
      Agreement will be binding upon, inure to the benefit of and be enforceable
      by,
      the Parties and their respective successors, assigns, heirs and
      representatives.

    
      
        

        
          	
                  SECTION
                    

                	 9.06	
                  COUNTERPARTS.
                    

                

        

         

      

    

    This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed to be an original but all of which shall be considered one and the same
      agreement. 

    
      
        

        
          	
                  SECTION
                    

                	 9.07	
                  NO
                    THIRD PARTY BENEFICIARIES.

                

        

         

      

    

    Except
      as
      expressly provided by this Agreement, nothing herein is intended to confer
      upon
      any person or entity not a Party to this Agreement any rights or remedies under
      or by reason of this Agreement. 

    
      
        

        
          	
                  SECTION
                    

                	 9.08	
                  RULES
                    OF CONSTRUCTION. 

                

        

         

      

    

    The
      Parties agree that they have been represented by counsel during the negotiation
      and execution of this Agreement and, therefore, waive the application of any
      law, regulation, holding or rule of construction providing that ambiguities
      in
      an agreement or other document will be construed against the party drafting
      such
      agreement or document.

    

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

    

    CHINA
      SOFTWARE TECHNOLOGY GROUP CO., LTD.

    

    By:
       /s/
      Yuan Qing Li  

    
      	
              Name:
                

            	
              Yuan
                Qing Li

            

    

    
      	
              Title:
                

            	
              Chief
                Executive Officer

            

    

    

    AWSG
      ACQUISITION CORP.

    

    By:
       /s/
      Yuan Qing Li  

    
      	
              Name:
                

            	
              Yuan
                Qing Li

            

    

    
      	
              Title:
                

            	
              Chief
                Executive Officer

            

    

    

    AMERICAN
      WENSHEN STEEL GROUP, INC.

     

    By:
       /s/
      Huakang Zhou  

    
      	
              Name:
                

            	
              Dr.
                Huakang Zhou

            

    

    
      	
              Title:
                

            	
              President

            

    

    

    

    21Exhibit 10.2

    ASSIGNMENT
      AND ASSUMPTION

    and

    MANAGEMENT
      AGREEMENT

    

    This
      Assignment and Assumption and Management Agreement (this “Agreement) is made and
      entered into on June 29, 2007, by and among the following parties (each, a
      “Party” and collectively, the “Parties”): China Software Technology Group Co.,
      Ltd., a Delaware corporation (the “Company”), HXT Holdings, Inc., a Delaware
      corporation (the “Operating Subsidiary”), and Yuan Qing Li (the “Manager”).

    

    WHEREAS,
      the
      Company, through certain second and third tier subsidiaries, including Shenzhen
      Hengtaifeng Technology Co., Ltd., a corporation organized under the laws of
      the
      People's Republic of China ("HTF") is engaged in the business of producing,
      marketing and selling in China highly specialized applications software designed
      for use in targeted industries (the “Business,” as further described herein);
      and 

    

    WHEREAS,
      HTF
      operates the Business on leased premises located at located at No.5 Floor 6,
      Block A, Skyworth Building, Hi-tech Industrial Park, Nanshan District, Shenzhen,
      518057, P.R.China (the “Premises”); and 

    

    WHEREAS,
      the
      Operating Subsidiary is a wholly-owned, first tier subsidiary of the Company
      which holds the equity in the Company’s second and third tier subsidiaries; and

    

    WHEREAS,
      the
      Company desires to transfer to the Operating Subsidiary all other assets of
      the
      Business and to cause the Operating Subsidiary to assume all liabilities and
      obligations of the Business accrued as of the time of Closing, as more fully
      described herein; and

    

    WHEREAS,
      on
      the
      date of and immediately following the closing of the transactions contemplated
      by this Agreement, the Company intends to consummate the closing of a merger
      pursuant to the terms of the Merger Agreement dated June 29, 2007 (the “Merger
      Agreement”) by and among the Company, American Wenshen Steel Group, Inc. and
      others; and

    

    WHEREAS,
      as a
      condition to consummation of the merger pursuant to the Merger Agreement, the
      Manager, who is Chief Executive Officer and a director of the Company, must
      resign from his positions in management of the Company; and

    

    WHEREAS,
      the
      Operating Subsidiary wishes to engage the Manager, and the Manager wishes to
      be
      engaged, to manage and operate the business of the Operating Subsidiary,
      effective at the Time of Closing (defined herein) and upon the terms and
      conditions set forth herein; 

    

    NOW,
      THEREFORE, in
      consideration of the mutual promises made herein, and for other good and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the Parties, intending to be legally bound, agree as
      follows:

    

    ARTICLE
      1  :
      TRANSFER
      AND ASSIGNMENT OF STOCK AND ASSETS

     

    The
      “Business” is operated by HTF, a wholly owned subsidiary of Heng Xing Technology
      Group Development Limited, which is in turn a wholly owned subsidiary of the
      Operating Subsidiary. HTF and Heng Xing Technology Group Development Limited
      are
      sometimes referred to collectively herein as the “HTF Subsidiaries,” and each
      may be referred to individually as an “HTF Subsidiary”. The Business includes
      four products developed by HTF to date, including housing accumulation fund
      software, credit guarantee management software, family planning software and
      property management software. HTF also markets software products produced by
      other companies as a value-added reseller and provides services, such as
      installation, configuration and similar systems integration services.

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    On
      the
      terms and subject to the conditions herein expressed, Company hereby sells,
      conveys, transfers, assigns, sets over and delivers to the Operating Subsidiary
      at the Time of Closing (as defined in Section 4.1), and the Operating Subsidiary
      assumes and accepts (A) all of the shares of capital stock of any entity other
      than the Operating Subsidiary owned by the Company together with (B) all assets,
      rights and interests, tangible and intangible, of every kind, nature and
      description, then owned, possessed or operated by the Company, directly or
      indirectly, wheresoever situate (collectively, the “Assets”), including without
      limitation the following:

    

    1.1   Machinery
      and Equipment.
      All
      machinery, equipment, computers and computer hardware, office furniture and
      fixtures, and other fixed or tangible assets; 

     

    1.2  Inventories.
      All
      inventories, including without limitation merchandise, materials, component
      parts, production and office supplies, stationery and other imprinted material,
      promotional materials, and business records;

     

    1.3  Licenses
      and Permits.
      All
      licenses, permits and authorizations used by the Company or any of the HTF
      Subsidiaries to own and operate all of the Assets , to conduct the Business
      and
      to occupy the Premises for the purpose of conducing the Business
      thereon;

     

    1.4  
      Intangible Property.
      All
      intangible assets used in the operation of the Business which are transferable
      including, but not limited to, the HTF software programs described above and
      all
      developments, enhancements, versions and derivations thereof, customer and
      supplier lists, privileges, permits, licenses, software and software licenses,
      source codes, development rights, ideas, research and information pertaining
      to
      the Business and its products, certificates, commitments, goodwill, registered
      and unregistered patents, copyrights, trademarks, service marks and trade names,
      and applications for registration thereof and the goodwill associated therewith,
      including without limitation the exclusive right to use the name Shenzhen
      Hengtaifeng Technology or derivations thereof in the Business, the right to
      receive mail related to the Business and the Assets which is addressed to the
      Company or any of the HTF Subsidiaries, and the right to telephone numbers
      used
      at the Premises in the Business;

     

    1.5  Cash
      and Accounts Receivable.
      All
      accounts receivable, deposit accounts, cash and cash equivalents and securities
      owned by the Company or any of the HTF Subsidiaries;

     

    1.6  Contract
      Rights.
      All
      rights and benefits of or in favor of the Company or any of the HTF Subsidiaries
      resulting or arising from any contracts, purchase orders, sales orders, forward
      commitments for goods or services, leases (including security deposits held
      by
      the landlord pursuant to the lease of the Premises), franchise or license
      agreements, beneficial interests in covenants not to compete or confidentiality
      covenants, the rights of the Company or any of the HTF Subsidiaries related
      to
      any other agreements whatsoever which arise out of the operation of the
      Business; and

     

    1.7  Claims.
      Claims
      made in lawsuits and other proceedings filed by the Company or any of the HTF
      Subsidiaries, judgments and settlements in the Company’s or any HTF Subsidiary’s
      favor, rights to refunds, including rights to and claims for refunds of taxes
      paid based upon or measured by the income of the Business prior to the Closing,
      and insurance policies and rights accrued thereunder. 

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    ARTICLE
      2  :
      ASSUMPTION
      OF LIABILITIES

     

    2.1  Scope
      of Liabilities Assumed.
      The
      Operating Subsidiary shall assume, pay, perform or discharge the
      following:

     

    	a.  	
            any
              and all debts, liabilities or obligations of any nature of the Company
              or
              the Operating Subsidiary or any of the HTF Subsidiaries, whether
              contingent or fixed and whether known or unknown, which have accrued
              at
              the Time of Closing.

          

     

    	b.  	
            any
              and all debts, liabilities or obligations of any nature of the Operating
              Subsidiary or any of the HTF Subsidiaries, whether contingent or fixed
              and
              whether known or unknown, arising from the ownership or operation of
              the
              Assets or the Business or the occupation of the Premises either before
              or
              after the Time of Closing. 

          

     

    The
      Operating Subsidiary shall promptly provide for payment, performance and
      discharge of the same in accordance with their terms. 

     

    ARTICLE
      3  :
      COLLECTION
      OF ACCOUNTS RECEIVABLE

     

    

    3.1  Right
      to Collect. Following
      the closing, Operating Subsidiary shall have the right to collect the accounts
      receivables of the Company or any of the HTF Subsidiaries in existence at the
      Time of Closing and to settle, compromise, sue for collection, or take any
      action whatsoever with respect to the receivables. Company shall cooperate
      with
      Operating Subsidiary in notifying customers as to any payment instructions
      or
      change of address that Operating Subsidiary may wish to communicate to the
      customers. In the event Company receives payment of any receivable transferred
      to the Operating Subsidiary, it shall promptly endorse such payment and deliver
      it over to the Operating Subsidiary. 

     

    ARTICLE
      4  :
      THE
      CLOSING

     

    

    4.1  The
      Closing.
      The
      closing of the transactions contemplated in this Agreement (“Closing”) shall
      take place simultaneously with the closing of the transactions contemplated
      under the Merger Agreement. The effective time of closing is referred to herein
      as the “Time of Closing.”

     

    4.2  Deliveries
      by Company.
      At
      Closing, Company and shall deliver to Operating Subsidiary, in addition to
      all
      other items specified elsewhere in this Agreement, the following:

     

    (a)  Such
      instruments of sale, conveyance, transfer, assignment, endorsement, direction
      or
      authorization as will be required or as may be desirable to vest in Operating
      Subsidiary, its successors and assigns, directly or through ownership of the
      HTF
      Subsidiaries, all right, title and interest in and to the Assets, subject to
      any
      and all mortgages, pledges, liens, encumbrances, equities, charges, conditional
      sale or other title retention agreements, assessments, covenants, restrictions,
      reservations, commitments, obligations, or other burdens or encumbrances of
      any
      nature whatsoever that exist at the Time of Closing;

     

    (b)  All
      of
      the files, documents, papers, agreements, books of account and records
      pertaining to the Assets and the Business;

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (c)  Actual
      possession and operating control of the Assets; and

     

    (d)  To
      the
      extent required, the consents of third parties to the assignment and transfer
      of
      any of the Assets. 

     

    4.3  Deliveries
      by Subsidiary.
      At
      Closing, the Operating Subsidiary shall deliver to the Company any instruments,
      in addition to this Agreement, as the Company deems necessary or desirable
      fully
      to secure the assumption by the Operating Subsidiary, its successors and
      assigns, of all liabilities and obligations of the Company, as described Section
      2.1 hereof.

     

    ARTICLE
      5  :
      COVENANTS
      ON AND SUBSEQUENT TO THE CLOSING DATE

     

    

    On
      and
      after the Closing Date, Operating Subsidiary covenants as follows:

    

    5.1  Pay
      Creditors.
      Following the Closing, Operating Subsidiary shall pay all payables and other
      obligations of Company or any of the HTF Subsidiaries assumed hereunder by
      the
      Operating Subsidiary, as such obligations become due in the ordinary course
      of
      business. 

     

    5.2  Lawsuits.
      Without
      limiting the generality of Section 2.1, following the Closing, the Operating
      Subsidiary shall continue the defense of any and all lawsuits or other claims
      filed or threatened against the Company or any of the HTF
      Subsidiaries.

     

    5.3  Insurance
      Policies.
      Operating Subsidiary shall name the Company as an additional insured on all
      insurance policies transferred by the Company or any other insurance policies
      covering the period prior to the Time of Closing.

     

    5.4  Right
      to Inspect Records.
      Operating
      Subsidiary shall permit the Company and its agents to have reasonable access
      to
      the books and accounts of the Operating Subsidiary and each of the HTF
      Subsidiaries (at the expense of the Company) for the purpose of filing tax
      returns, preparing filings required by the Securities and Exchange Commission,
      and all other legitimate purposes.

     

    5.5  Execution
      of Further Documents.
      Upon
      the request of either party, the other party shall execute, acknowledge and
      deliver all such further acts, deeds, bills of sale, assignments, assumptions,
      undertakings, transfers, conveyances, title certificates, powers of attorney
      and
      assurances as may be required , in the case of Operating Subsidiary, to convey
      and transfer to, and vest in, Operating Subsidiary all of Company’s right, title
      and interest in the Assets, and in the case of the Company, to secure the
      assumption of the Company’s obligations and liabilities arising as of the Time
      of Closing.

     

    

     

    ARTICLE
      6  :MANAGEMENT
      AND OPERATION OF SUBSIDIARY

     

     

    6.1  Titles.
      The
      Operating Subsidiary hereby engages the Manager to manage and operate its
      business. The Manager shall serve as a member of the Board of Directors of
      the
      Operating Subsidiary. In addition, the Manager shall serve as the Chief
      Executive Officer of the Operating Subsidiary

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

      

    6.2  Duties.The
      Manager agrees that he will manage and operate the business of the Operating
      Subsidiary to the best of his abilities and will devote such time and effort
      as
      necessary to fulfill his duties under this Agreement. 

     

    6.3  Management
      of Subsidiary.
      The
      Company agrees that the Manager will have exclusive authority over the
      operations of the Operating Subsidiary, except that the Company shall be
      entitled to intervene in the event that a breach of the covenants in this
      Agreement or any conduct by the Manager in the course of operating the Operating
      Subsidiary (or any of the HTF Subsidiaries) threatens the Company with material
      harm or material liability of any kind. (In any such event, the Company shall
      be
      entitled to remove all of the directors and officers of the Operating Subsidiary
      and to elect a new Board of Directors.) The Manager shall maintain such books
      and records of the operations of the Operating Subsidiary as are required by
      the
      Rules of the SEC, and shall prepare quarterly and annual financial statements
      promptly so as to permit the Company to file periodic reports with the SEC
      according to SEC Rules

     

    6.4  Company’s
      Covenants.
      The
      Company shall not cause any funds or assets of the Operating Subsidiary to
      be
      paid or transferred to the Company, nor shall the Company cause the Operating
      Subsidiary to issue any capital stock of any class or series or any options,
      warrants or rights to acquire capital stock of the Operating Subsidiary whether
      for additional consideration or on conversion. 

     

    6.5   Spin
      Off of Subsidiary.
      The
      Manager shall use all reasonable efforts to cause a registration statement
      covering all of the outstanding common stock of the Operating Subsidiary (the
      “Registration Statement”) to be filed with the Securities and Exchange
      Commission (“SEC”) and declared effective, so as to permit a distribution by the
      Company to the holders of its common stock of the common stock of the Operating
      Subsidiary. Subject to the provisions of the Delaware General Corporation Law,
      the Company agrees that, immediately upon the declaration of effectiveness
      of
      the Registration Statement, it shall declare a dividend in the form of all
      of
      the shares of common stock of the Operating Subsidiary, and that such dividend
      shall be payable to the holders of common stock of the Company (and not to
      holders of any other class of stock of the Company). 

     

    6.6  Expenses
      Associated with Registration and Spin Off.
      The
      Operating Subsidiary shall be responsible for all expenses and liabilities
      incurred in connection with the declaration of the stock dividend resulting
      in
      the spin off of the Operating Subsidiary, including, without limitation, fees
      and expenses of counsel and all filing and registration fees incurred in
      connection with the registration of the common stock with the SEC. 

     

    6.7  Compensation.
      Five
      days after the Closing Date the Company shall issue to the Manager eight million
      nine hundred ninety two thousand four hundred ninety three (8,992,493) shares
      of
      its common stock. The issuance shall be in compensation for all of the
      undertakings by the Manager herein. The Manager agrees that he will take the
      shares for investment and without a present intention of distributing
      same.

     

     

    ARTICLE
      7  :
      INDEMNIFICATION

     

    

    7.1  Indemnification
      by Company.
      From
      and after the Closing, the Company shall indemnify and save Operating
      Subsidiary, its officers and directors, and their respective successors,
      assigns, heirs and legal representatives (“Subsidiary Indemnitees”) harmless
      from and against any and all losses, claims, damages, liabilities, costs,
      expenses or deficiencies including, without limitation, actual attorneys’ fees
      and other costs and expenses incident to proceedings or investigations or the
      defense or settlement of any claim incurred by or asserted against any
      Subsidiary Indemnitee due to or resulting from a violation or default by Company
      with respect to any of Company’s covenants, obligations or agreements hereunder
      or any losses or expenses incurred in connection with, or payments by Subsidiary
      of, any debts, obligations or liabilities of Company arising after the Time
      of
      Closing.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    7.2  Indemnification
      by Operating Subsidiary.
      From
      and after the Closing, the Operating Subsidiary shall indemnify and save
      Company, its officers and directors, and their respective successors, assigns,
      heirs and legal representatives (“Company Indemnitees”) harmless from and
      against any and all losses, claims, damages, liabilities, costs, expenses or
      deficiencies including, without limitation, actual attorneys’ fees and other
      costs and expenses incident to proceedings or investigations or the defense
      or
      settlement of any claim, incurred by or asserted against any Company Indemnitee
      due to or resulting from a violation or default by Operating Subsidiary with
      respect to any of Operating Subsidiary’s covenants, obligations or agreements
      hereunder and any losses or expenses incurred in connection with, or payments
      by
      Company of the debts, liabilities and obligations assumed by the Operating
      Subsidiary hereunder or the debts, liabilities and obligations of, the Operating
      Subsidiary arising after the Time of Closing. 

     

    7.3  Indemnification
      Procedures. 

     

    (a)  The
      party
      seeking indemnification (“Indemnified Party”) shall give the indemnifying party
      (“Indemnifying Party”) notice (a “Claim Notice”) of its indemnification claim
      which notice shall (i) be in writing, (ii) include the basis for the
      indemnification, and (iii) include the amount Indemnified Party believes is
      the
      amount to be indemnified, if reasonably possible. 

     

    (b)  
      Indemnifying Party shall be deemed to accept Indemnified Party’s claim unless,
      within twenty (20) business days after receipt of any Claim Notice, Indemnifying
      Party delivers to Indemnified Party notice of non-acceptance of the
      indemnification claim, which must (a) be in writing and (b) include the basis
      for the disagreement. 

     

    (c)  
      The
      parties shall attempt in good faith to resolve any issues concerning liability
      and the amount of such claim and any issues which they cannot resolve within
      thirty (30) days after delivery of the notice of non-acceptance pursuant to
      Section 7.3(b) shall be settled by arbitration in accordance with the Rules
      of
      Expedited Commercial Arbitration of the American Arbitration Association, by
      a
      sole arbitrator located in New York, NY or such other location as the parties
      shall agree, whose determination shall be final and binding on the parties
      hereto. The arbitration shall be governed by the United States Arbitration
      Act,
      9 U.S.C. §§ 1-16, and judgment upon the award rendered by the arbitrator may be
      entered in any court having jurisdiction thereof. The arbitrator shall have
      the
      authority to award legal fees, arbitration costs and other expenses, in whole
      or
      in part, to the prevailing party. 

     

    ARTICLE
      8  :
      MISCELLANEOUS

     

    

     

    8.1   Benefit.
      This
      Agreement shall be binding upon, and inure to the benefit of, the Parties hereto
      and their respective successors, assignees, heirs and legal representatives.
      

     

    8.2  Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Delaware.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    8.3  Amendment,
      Modification and Waiver.
      Any
      Party hereto may waive in writing any term or condition contained in this
      Agreement and intended to be for its benefit; provided, however, that no waiver
      by any Party, whether by conduct or otherwise, in any one or more instances,
      shall be deemed or construed as a further or continuing waiver of any such
      term
      or condition. Each amendment, modification, supplement or waiver shall be in
      writing and signed by the Party or Parties to be charged. 

     

    8.4  Entire
      Agreement.
      This
      Agreement and the exhibits, schedules and other documents expressly provided
      hereunder or delivered herewith represent the entire understanding of the
      parties. 

     

    8.5  No
      Third Party Beneficiaries.
      Except
      as expressly provided by this Agreement, nothing herein is intended to confer
      upon any person or entity not a Party to this Agreement any rights or remedies
      under or by reason of this Agreement. 

     

    8.6  Notices.
      All
      notices and other communications under this Agreement shall be in writing and
      shall be deemed to have been duly given or made as follows: 

     

    (a) If
      sent
      by reputable overnight air courier (such as Federal Express), 2 business days
      after being sent; 

    

    (b) If
      sent
      by facsimile transmission, with a copy mailed on the same day in the manner
      provided in clause (a) above, when transmitted and receipt is confirmed by
      the
      fax machine; or 

    

    
      	 	
              (c)

            	
              If
                otherwise actually personally delivered, when delivered.
                

            

    

    

    All
      notices and other communications under this Agreement shall be sent or delivered
      as follows: 

    

    If
      to the
      Company, to: 

    

    China
      Software Technology Group Co., Ltd.

    c/o
      American Union Securities, Inc.

    Attn.:
      Peter D. Zhou

    100
      Wall
      Street, 15th
      Floor

    New
      York,
      NY 10005

    Telephone:
      212-232-0120 X 228

    Facsimile:
      212-785-5867

    

    with
      a
      copy to (which shall not constitute notice):

     

    Robert
      Brantl, Esq.

    52
      Mulligan Lane

    Irvington,
      NY 10533

    Telephone:
      914-693-3026

    Facsimile:
      914-693-1807

    

    If
      to
      Operating Subsidiary, to: 

    Mr.
      Yuan
      Qing Li

    Chairman
      and CEO

    HXT
      Holdings, Inc.

    Skyworth
      Building, No. 5, Floor 6, Block A

    Hi-Tech
      Industrial Park, Nanshan District

    Shenzhen,
      P.R. China 518057

    Telephone:
      380-228-7356

    Facsimile:
      755-8282-1141

     

    with
      a
      copy to (which shall not constitute notice):

    Darren
      Ofsink, Esq.

    600
      Madison Avenue, 14th
      Floor

    New
      York,
      NY 10022

    Telephone:
      212-371-8008

    Facsimile:
      212-688-7273

    

    Each
      Party may change its address by written notice in accordance with this Section.
      

     

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
      on
      June 29, 2007.

    

    China
      Software Technology Group Co., Ltd.

    

    

    By: /s/
      Yuan
      Qing Li

    
      
        

      
Yuan
      Qing
      Li, Chief Executive Officer

    

    

    

    HXT
      Holdings, Inc.

    

    

    By: /s/
      Yuan
      Qing Li

    
      
Yuan
      Qing
      Li, Chief Executive Officer

    

    MANAGER:

    

    

    /s/
      Yuan
      Qing Li

    
      
Yuan
      Qing
      Li, individually

    

    8

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