Document:

LEASE
      AGREEMENT

    

    between

    

    SOUTHPEAK
      INTERACTIVE, LLC

    

    (LANDLORD)

    

    and

    

    PHILLIPS
      SALES, INC.

    (TENANT)

     

    January
      1,2008

    

    THIS
      LEASE INDENTURE (the “Lease”) dated February 1, 2008 by and

    

    among
      SOUTHPEAK INTERACTIVE, a Virginia Limited Liability Company

    

    (“Landlord”)
      and Phillips Sales, Inc., a Virginia

    

    Corporation
      (“Tenant”).

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      I

    

    GRANT
      AND TERM

    

    SECTION
      1.1 LEASED
      PROPERTY.
      That
      for and in consideration of the rents and the mutual covenants set forth in
      this
      Lease, Landlord leases to Tenant, and Tenant rents from Landlord, the following
      described premises containing 1042 square feet (the “Leased Property”) at $15.00
      per square foot.

    

    Suite
      0100, 2563 SW Grapevine Parkway, Grapevine Texas 76051

    

    TO
      HAVE
      AND TO HOLD the Leased Property and the privileges and appurtenances thereunto
      belonging unto the Tenant, its permitted successors and assigns, for the term
      hereinafter provided, and upon the terms and conditions set forth in this Lease,
      to which the parties mutually covenant and agree.

    

    SECTION
      1.2 TERM. The original term of this Lease shall be for a term of three (3)
      years
      commencing on January 1, 2008 and expiring at midnight on December 31, 2010
      (the
“expiration date”) , unless sooner terminated in accordance with the provisions
      hereof -

    

    SECTION
      1.3 SUCCESSORS
      AND ASSIGNS.
      The
      terms of this lease and any covenants and/or modifications shall be binding
      upon
      the successors and assigns of both landlord and tenant in like manner as upon
      the original parties.

    

    ARTICLE
      II

    

    RENT

    

    SECTION
      2.1 RENT. Tenant shall pay to Landlord in lawful money of the United States
      without notice or demand and without any set off, abatement, counterclaim or
      deduction whatsoever, a fixed rent as follows: payable in equal monthly
      installments in advance on the first day of each month. The first payment shall
      include any prorated rent for the period of the commencement date to the first
      day of the first full calendar month in the term. The rent shall include the
      rent and any additional rent (hereinafter defined).

    

    RENTAL
      RATE AND TERM

    

    
      	
              2/1/08
                through 1/31/09

            	 	
              $

            	
              1,302.50/month

            	 	
              $

            	
              15,630.00/yr.

            	 
	
              2/1/09
                through 1/31/10

            	 	
              $

            	
              1,302.50/month

            	 	
              $

            	
              15,630.00/yr.

            	 
	
              2/1/10
                through 1/31/11

            	 	
              $

            	
              1,302.50/month

            	 	
              $

            	
              15,630.00/yr..

            	 

    

    

    SECTION
      2.2 RENTAL
      PAYMENTS.
      All
      Rent payments shall be made in person or mailed to arrive in Landlord’s office
      by the first of each month. Payments shall be made to SouthPeak Interactive.,
      2900 Polo Parkway, Midlothian, Virginia 23113 until Landlord shall otherwise
      direct in writing.

    

    SECTION
      2.3 LATE
      PAYMENT.
      Tenant
      acknowledges that the failure to pay Rent in a timely fashion results in damages
      to Landlord which are difficult to measure and covenants that (i) it will pay
      Rent at the time and in the manner provided herein, and (ii) it will pay
      Landlord as a late charge equal to five percent (5%) of the amount due on any
      Rent and all other sums due under this Lease, if such sums have not been
      received within seven (7) days of their due date. Landlord shall also have
      the
      right to charge interest at a rate not to exceed twelve percent (12%) on any
      past due amounts. Neither the demand nor collection by Landlord of interest
      and/or late charges shall be construed as a cure of Tenant’s default. Any
      payment made by Tenant by check and returned to Landlord by Tenant’s bank for
      insufficient funds shall be deemed not to have been paid until good funds have
      been provided to Landlord together with an amount equal to any other charges
      due
      hereunder and any charges paid by Landlord to any bank as a result of such
      returned check. Landlord expressly reserves all other rights and remedies
      provided herein and by law with respect to nonpayment of the
      Rent.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SECTION
      2.4 ADDITIONAL
      RENT.
      All
      sums of money due hereunder, other than the Rent, but including any late payment
      or interest charges, shall be deemed Additional Rent, and unless otherwise
      indicated herein, shall be due and payable without deduction, offset,
      counterclaim or abatement, ten (10) days after notice thereof. All such amounts
      or charges shall be payable to Landlord at the place where the Rent is
      payable.

    

    ARTICLE
      III

    

    SECTION
      3.2 TENANT’S-IMPROVEMENTS.

    

    
      	
            	(a)	
              Tenant
                shall obtain the prior written approval of Landlord to all plans
                and
                specifications for all major improvements upon the Leased Property
                whether
                interior, exterior, structural, mechanical, electrical or otherwise.
                All
                Tenant’s work, as herein provided, shall be done at the sole cost and
                expense of Tenant, in accordance with all applicable laws and governmental
                regulations and without deviation from the plans and specifications
                approved by Landlord. Approval of the plans and specifications by
                Landlord
                shall not constitute the assumption of any responsibility by Landlord
                for
                their accuracy, sufficiency, safety or compliance with law and Tenant
                shall be solely responsible for such items. Tenant shall obtain at
                its
                sole cost and immediately thereafter furnish to Landlord all certificates
                and approvals required by any governmental authorities and necessary
                to
                complete the Tenant’s construction work, and shall furnish a certificate
                of occupancy to Landlord upon completion. Tenant shall promptly and
                regularly remove, at its expense, all trash and waste materials resulting
                during the course of performance of its work or remaining thereafter.
                Upon
                Landlord’s request, Tenant shall provide Landlord with payment and
                performance bonds guaranteeing the completion of all work required
                to be
                done by Tenant pursuant to this
                Article

            

    

    

    
      	
            	(b)	
              All
                trade fixtures and apparatus installed by Tenant on the Leased Property,
                except such as may be the property of Landlord, shall remain the
                property
                of the Tenant and shall be removable from time to time and also at
                the
                expiration of the term of this Lease or any renewal or extension
                thereof,
                or other termination thereof, provided Tenant shall not at such time
                be in
                default under any covenant or agreement contained in this Lease;
                otherwise, Landlord shall have a lien on said fixtures or apparatus
                as
                security against loss and damage resulting from defaults by
                Tenant.

            

    

    

    
      	
            	(c)	
              Tenant
                shall repair and restore the Leased Property following the removal
                or
                replacement of its trade fixtures, whether during or at the termination
                of
                this Lease, to the condition of the Leased Property prior to Tenant’s
                occupancy.

            

    

    

    ARTICLE
      IV

    

    CONDUCT
      OF BUSINESS

    

    SECTION
      4.1 PERMITTED
      USE.
      The
      Leased Property shall be used by Tenant for the sole purpose of conducting
      administrative business regarding tenant’s home rehabilitation
      business.

    

    SECTION
      4.2 COMPLIANCE
      WITH
      LAWS.
      Tenant shall, at its sole cost and expense, promptly comply with all local,
      state and/or federal laws, statutes, ordinances and governmental rules,
      regulations or requirements now in force or which may hereafter be in force
      with
      respect to the Tenant’s use and occupancy of the Leased Property and the
      Tenant’s business conducted thereon and with the requirements of any board of
      fire underwriters or similar bodies, now or hereafter constituted, relating
      to
      or affecting the condition, use or occupancy of the Leased Property (excluding
      structural changes not related to or affected by Tenant’s improvements or
      acts).

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      V

    

    RESPONSIBILITY
      OF REPAIRS

    

    SECTION
      5.1 TENANT’S
      REPAIRS.

    

    (a)
      Tenant shall keep the interior of the Leased Premises, in good and safe order
      and repair at its own expense, and shall surrender the Leased Premises at the
      expiration of the term or at such other time as it may vacate the Leased
      Premises leaving it broom clean, in as good and sanitary condition as when
      received, excepting depreciation caused by ordinary wear and free of
      contamination by hazardous or toxic substances, including but not limited to
      petroleum or petroleum products. Tenant shall not overload the electrical wiring
      serving the Leased Premises or within the Leased Premises, and will install,
      at
      its own expense, but only after obtaining Landlord’s written approval, any
      additional electrical wiring which may be required in connection with Tenant’s
      business equipment. Tenant shall not install any underground tanks, nor use
      any
      construction materials containing asbestos or PCBfs.

    

    (b)
      Tenant shall repair promptly, at its own expense, any damage, including, but
      not
      limited to, that from forced entry, vandalism or malicious mischief to the
      Leased Premises or caused by the bringing into or taking out of the Leased
      Premises any property for Tenant’s use, or by the installation or removal of
      such property, regardless of fault or by whom such damage shall be caused,
      unless caused by Landlord, its agents, employees or contractors’ negligence and
      in default of such repairs by Tenant, Landlord may made the same, and Tenant
      agrees to pay the cost thereof.

    

    ARTICLE
      VI

    

    UTILITES-9-0

    

    SECTION
      6.1 UTILTTIES.
      Landlord shall be responsible for all responsible fuel, water, gas, electricity,
      and sewerage bills. Tenant shall be responsible for his own telephone bill.
      Landlord shall not be liable for any interruption or failure in the supply
      of
      any utility to the Leased Property.

    

    ARTICLE
      VII

    

    LANDLORD
      SERVICES

    

    SECTION
      7.1 Landlord shall, at it’s own expense, provide the following services to the
      leased premises: ground maintain; parking
      lot maintenance and upkeep; lobby maintenance; exterior maintenance; general
      waste dumpster. general janitorial service.

    

    ARTICLE
      VIII

    

    INSURANCE
      INDEMITY

    

    SECTION
      8.1 TENANT’S-OB-LIGATIONS.

    

    
      	
            	(a)	
              Tenant,
                at Tenant’s sole cost and expense, shall obtain and maintain for the term
                of this Lease, insurance policies providing for the following coverage:
                (i) Tenant’s fixtures, equipment, furnishings, merchandise and other
                contents in the Leased Premises, for the full replacement value of
                such
                items, (ii) one full year of Rent coverage, (iii) with regard to
                the
                Tenant’s improvements to the Leased Premises, insurance against any and
                all perils included within the classification “fire and extended coverage”
                under insurance industry practice in the Commonwealth of Virginia,,
                together with insurance against vandalism, malicious mischief av%d
                apt-4+kk!eL- lea)ttteje air othato spinink-leif damagplate glass
                insurance, if applicable, and (v) comprehensive gtneral liability
                insurance against any liability occasioned by any occurrence on or
                about
                any part of the Leased Premises or appurtenances thereto, or arising
                from
                any of the acts indemnified against in Section 8.2 hereof in the
                minimum
                amount of $1,000,000 per person and $1,000,000 per occurrence, and
                the
                minimum amount of $500,000 with respect to property damage, and Tenant
                will further provide the Landlord with certificates or policies of
                such
                insurance during the term of this Lease and any renewals or
                extensions.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	(b)	
              Each
                of the policies described in this Section 8.1 shall: contain an express
                waiver of any right of subrogation by the insurance company against
                Landlord, Landlord’s agents, employees, mortgages and ground lessors, (ii)
                contain a provision that it shall not be cancelled and that it shall
                continue in full force and effect unless Landlord has received at
                least
                thirty (30) days prior written notice of such cancellation or termination,
                (iii) not be materially changed without prior notice to Landlord,
                (iv) be
                issued by good and solvent insurance companies licensed to do business
                in
                the Commonwealth of Virginia, (v) be written as primary policy coverage
                and not contributing with or in excess of any coverage which Landlord
                may
                carry, and (vi) insure and name Landlord, its agents and any mortgages
                of
                the Leased Premises as additional insureds as their respective interest
                may appear.

            

    

    

    SECTION
      8.2 TNDEMNITY.

    

    
      	
            	(a)	
              Tenant
                hereby releases Landlord, its officers, directors, employees and
                agents
                from any and all liability or responsibility for any loss or damage
                to
                property to the extent covered by valid and collectible fire insurance
                with standard and extended coverage endorsement, even if such fire
                or
                other casualty shall have been caused by the fault or negligence
                of
                Landlord, or anyone for whom Landlord may be
                responsible.

            

    

    

    
      	
            	(b)	
              Tenant
                hereby indernifies and agrees to save harmless Landlord, its officers,
                directors, employees and agents from and against any and all claims
                that
                (i) arise from or are in connection with the possession, use, occupancy,
                management, repair, maintenance or control of the Leased Property,
                and any
                portion thereof, or (ii) arise from or in connection with any act
                or
                omission of Tenant or Tenant’s agents, employees, contractors or invitees,
                or (iii) result from any default, breach, violation or nonperformance
                of
                this Lease or any provision thereof by Tenant, or (iv) result from
                injury
                to person or property or loss of life sustained in or about the Lease
                Property except to the extent that the above are the result of the
                willful
                misconduct or negligence of Landlord or his
                agents.

            

    

    

    ARTICLE
      IX

    

    SECTION
      9.1 DESTRUCTION OF LEASED PROPERTY, CONDEMNATION.

    

    If
      the
      Leased Property is damaged or destroyed by fire or other casualty covered by
      insurance, or condemned by public authority, whether by eminent domain or
      otherwise, then: (i) if totally or substantially destroyed or condemned so
      that
      the Leased Property is rendered unrenable, this Lease shall terminate as of
      the
      date of such destruction or condemnation, and Tenant shall be liable for the
      Rent only to the date of such destruction or condemnation, and the entire amount
      of the insurance proceeds and/or condemnation award for the Leased Property
      shall belong to and be payable to Landlord, or (ii) if only partially destroyed
      or condemned and still tenantable, Landlord shall, within a reasonable time,
      repair the Leased Property with a reasonable reduction of Rent from the date
      of
      such partial destruction or condemnation until there be again property
      substantially similar in value to Tenant as the Leased Property partially
      destroyed or condemned. Landlord’s obligation to repair or restore the Leased
      Property as stated herein is conditioned upon-. (1) all insurance proceeds
      and/or condemnation award for the Leased Property being paid to Landlord, which
      are sufficient to cover the cost of said repairs and restorations, and (2)
      there
      remaining at least twenty-four (24) months in the then existing term of this
      Lease and any extensions (exercised or unexercised at that date). If Landlord
      does not repair the Leased Property because either conditions (ii) (1) or (ii)
      (2) are not met, Landlord shall so notify Tenant and this Lease shall terminate
      as of the date of such partial destruction or condemnation and Tenant shall
      be
      liable for rent only to the date of such partial destruction or
      condemnation.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    As
      used
      herein, the date of condemnation shall be the date on which legal title vests
      in
      the condemning authority or the date on which Landlord enters into a contract
      for the sale for public use upon the threat of condemnation, whichever first
      occurs.

    

    ARTICLE
      X

    

    ASSIGNMENT
      AND SUBLETTING

    

    SECTION
      10.1 TENANTS-RIGHTS. Tenant shall not assign or mortgage this Lease in whole
      or
      in part, without the written consent of Landlord first obtained which consent
      shall not be unreasonably withheld. Consent by Landlord to any assignment,
      mortgage or subletting shall not constitute a waiver of the necessity for such
      consent to any subsequent assignment, mortgage or subletting. No such
      assignment, mortgage or sublease shall in any way release or relieve Tenant
      from
      any of its covenants or undertakings contained in this Lease, and in all cases
      under this paragraph, Tenant shall remain liable on this Lease during the
      original and all renewal terms.

    

    ARTICLE
      XI

    

    SUBORDINATION
      AND FINANCING

    

    SECTION
      11.1 SUBORDINATION. This Lease and Tenant’s tenancy hereunder shall be subject
      and subordinate at all times to the lien of any mortgage or deed of trust now
      or
      hereafter placed upon the interests of Landlord and the Leased Premises. Tenant
      agrees to execute and deliver such instruments as may be requested by Landlord
      or by any mortgage subordinating this Lease to the lien of any present or future
      mortgage or deed of trust.

    

    SECTION
      11.2 ATTORNMENT. If, and so long as, any mortgage or deed of trust is in full
      force and effect, then, at the, option of the mortgage or deed of trust
      beneficiary: (i) this Lease shall remain in full force notwithstanding (1)
      a
      default under the mortgage or deed of trust by Landlord, (2) failure of Landlord
      to comply with this Lease (provided the mortgage or beneficiary cures such
      failure, such right to cure to be at the option of mortgage or beneficiary),
      (3)
      a defense to which Tenant might be entitled against Landlord under this Lease,
      or (4) any bankruptcy or similar proceedings with respect to Landlord, (ii)
      if
      any such mortgagee or beneficiary shall become possessed of the Leased Premises,
      Tenant shall be obligated to such mortgagee to pay to it the rentals and other
      charges due hereunder and to thereafter comply with all the terms of this Lease,
      and (iii) if any mortgagee or purchaser, at private or public sale, shall become
      possessed of the Leased Premises, Tenant shall, without charge, attorn to such
      mortgagee or purchaser as its Landlord under this Lease.

    

    SECTION
      11.3 FINANCING. In the event, as a condition to financing, a construction
      lender, land lessor or a permanent lender of the Leased Premises requires
      modifications to this Lease, then, provided such modifications are reasonable,
      do not, adversely affect Tenant, do not materially alter Tenant’s working plans
      for the Leased Premises mutually approved by Landlord and Tenant and do not
      increase the Rent and other sums to be paid hereunder, Landlord shall submit
      to
      Tenant a written amendment with such required modifications; if Tenant fails
      to
      execute and return within 10 days thereafter the amendments that have been
      submitted, then Landlord shall have the right to cancel this Lease upon written
      notice to Tenant.

    

    ARTICLE
      XII

    

    DEFAULT,
      BY TENANT

    

    SECTION
      12.1 ELEMENTS. The happening of any of the following enumerated events shall
      constitute a default for which Landlord, in addition to other rights or remedies
      it may have, shall have the immediate right of re-entry without service of
      notice or resort to legal process and without Landlord being guilty of trespass,
      or becoming liable for any loss or damage which may be occasioned thereby:
      (i)
      failure of Tenant to pay any Rent due hereunder within fifteen (15) days after
      written notice to Tenant of such failure (provided, however, that no notice
      or
      opportunity to cure shall be required after five (5) such notices have been
      delivered) , (ii) the filing by, on behalf of or against Tenant or any guarantor
      of Tenant's obligations hereunder, of any petition or pleading to declare Tenant
      insolvent or unable to pay its debts or met its obligations under the laws
      of
      the Untied States or any state, or a receiver of the property of Tenant is
      appointed, or the levy of execution or other taking of property, assets or
      the
      leasehold interest of Tenant by process of law or otherwise in satisfaction
      of
      any judgment, debt or claim against Tenant, or (iii) failure of Tenant to
      perform any of the other terms, conditions or covenants of this lease for more
      than thirty (30) days after written notice of such failure shall have been
      given
      to Tenant (provided, however, that no notice or opportunity to cure shall be
      required after five (5) such notices have been delivered).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    SECTION
      12.2 REMEDIES. In the event of any such default or breach by Tenant, Landlord
      'may at any time thereafter, with or without notice or demand and without
      limiting Landlord in the exercise of any other right or remedy at law, equity
      or
      under this Lease which Landlord may have by reason of such default or
      breach:

    

    
      	
            	(a)	
              Terminate
                Lease. Terminate Tenant's right to possession of the Leased Property
                by
                thirty (30) days' written notice or any other lawful means, in which
                case
                this Lease shall terminate and Tenant shall immediately surrender
                possession of the Leased Property to Landlord. Upon receipt of the
                notice
                by Tenant, Tenant shall vacate the Leased Property within said thirty
                (30)
                day period, in such event Landlord shall be entitled to recover from
                the
                Tenant all past due Rents, adjustments, and other charges; the expenses
                of
                reletting the Leased Property, reasonable attorneys fees; the worth
                at the
                time of award by the court having jurisdiction thereof of the amount
                by
                which the unpaid Rent and other charges and adjustment called for
                herein
                for the balance of the Lease term after the time of such award exceeds
                the
                amount of such loss for the same period that Tenant proves could
                be
                reasonably avoided (in determining the reasonable rental value of
                the
                Leased Property the rental realized by any reletting accomplished
                by
                Landlord within a reasonable time after termination of this Lease
                shall be
                deemed prima facie to be the reasonable rental value, otherwise the
                same
                shall be determined according to existing utarket conditions by a
                qualified appraiser selected by Landlord) ; and that portion of any
                leasing commission paid by Landlord and applicable to the unexpired
                lease
                term of this Lease, or

            

    

    

    
      	
            	(b)	
              Continue
                the Lease. Maintain Tenant's right to possession, in which case this
                Lease
                shall continue in effect whether or not Tenant shall have abandoned
                the
                Leased Property. In such event, Landlord shall be entitled to enforce
                all
                of Landlord's rights and remedies under this Lease, including the
                right to
                recover the Rent and any other charges and adjustments as may becoime
                due
                hereunder, or

            

    

    

    
      	
            	(c)	
              Other
                Remedies. Pursue any other remedy now or hereafter available to Landlord
                under the laws or judicial decisions of the State in which the Leased
                Property is located, including, but not limited to, the right to
                assess
                against Tenant an amount equal to the attorneys, fees incurred by
                Landlord
                in collecting any Rent or other payment due hereunder, which amount
                shall
                be due in full within ten (10) days of Tenantfs receipt of the assessment
                by Landlord. All of the remedies set forth in this Section 12.2 shall
                be
                cumulative and in addition to one another and any other rights Landlord
                may have at law or in equity and waiver of one default shall not
                be deemed
                to be a waiver of any subsequent
                default.

            

    

    

    SECTION
      12.3 CURE OF DEFAULT. If Tenant shall be in default hereunder, Landlord shall
      have the option, upon ten (10) days written notice to Tenant to cure such
      default for the account of and at the expense of the Tenant. No such notice
      shall be required for emergency repairs. Such notice may be delivered before
      the
      period for cure of a default by Tenant has expired, provided that Landlord's
      cure shall not precede the expiration of such cure period. The amounts expanded
      by Landlord in connection with such cure shall be due from Tenant immediately
      upon receipt of an invoice therefor.

    

    NOTICES

    

    SECTION
      13.1 NOTICES. Wherever in this Lease it shall be required or permitted that
      notice or demand be given or served by either party to this Lease to or on
      the
      other, such notices or demands shall be given or served and shall not be deemed
      to have been duly given or served unless in writing and forwarded by registered
      or certified mail addressed as follows:

    

    
      	
              To
                Landlord:

            	
              To
                Tenant:

            
	
              SouthPeak
                Interactive, Inc. 

            	
              Phillips
                Sales, Inc.

            
	
              2900
                Polo Parkway 

            	
              2900
                Polo Parkway

            
	
              Suite
                104 

            	
              Suite
                200

            
	
              Midlothian,
                Virginia 23113 

            	
              Midlothian,
                Virginia 23 113

            

    

    

    Such
      addresses may be changed from time to time by either party by serving notice
      as
      above provided.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      XXV

    

    HOLDOVER

    

    SECTION
      14.1 HOLDOVER. If Tenant holds over or remains in possession or occupancy of
      the
      Leased Property after the termination of this Lease, Tenant’s occupancy shall be
      illegal notwithstanding the fact that Tenant shall be liable to Landlord, so
      long as Tenant or any of its property remains on the Leased Property, for all
      Rent due hereunder together with any damages sustained by Landlord as a result
      of Tenant's failure to vacate.

    

    ARTXCLE
      XV

     

    INSPECTIONS
      BY LANDLORD

    

    SECTION
      15.1 INSPECTIONS BY lANDLORD. Tenant will permit Landlord, its agents,
      employees, and contractors to enter on the Leased Property and all parts thereof
      during business hours to inspect the same, to enforce or carry out all
      provisions of the Lease or to show the same to prospective purchasers, lenders
      or lessees provided that Landlord will use his best efforts to carry on the
      inspections in a reasonable 'manner so as not to interfere with Tenant’s
      business.

    

    ARTICLE
      XVI

    

    MISCELLANEOUS

    

    SECTION
      16.1 SUCCESSORS This Lease and the covenants and conditions herein contained
      shall enure to the benefit of and be binding upon Landlord, its successors
      and
      assigns, and shall be binding upon Tenant, its successors and assigns, and
      shall
      enure to the benefit of Tenant and only such assigns of Tenant to whom the
      assignment by Tenant has been consented to by Landlord. If all or any part
      of
      Landlord’s interest in this Lease or in the Leased Property shall be held or
      owned (directly, indirectly or beneficially) by or for any individual,
      partnership, tenancy-in-cowoon, joint venture, corporation or trust it in agreed
      that no such owner, joint tenant, beneficiary, trustee, shareholder or corporate
      entity shall be personally responsible or liable with respect to any of the
      covenants, conditions or provisions of this Lease to be performed by the
      Landlord.

    

    SECTION
      16.2 ENFORCEMENT AND WAIVER OF EXEMPTIONS. Tenant hereby agrees to pay all
      costs
      and expenses incurred by Landlord in enforcing, by legal action or otherwise,
      any of the provisions, covenants and conditions of this Lease including
      attorneys’ fees.

     

    SECTION
      16.3 APPLICABLE LAW. This Lease shall be construed under the laws of the
      Commonwealth of Virginia.

    

    SECTION
      16.4 MISCELLANEOUS PROVISIONS. This Lease shall not be deemed to give rise
      to a
      partnership relation, and neither party shall have authority to obligate the
      other without written consent, except as specifically provided in this
      Lease.

    

    SECTION
      16.5 DEBTS AND ACCIDENTS. Each party agrees that the other party shall in no
      way
      be responsible for the debts of, or liabilities for accidents or damages caused
      by, the other party.

    

    SECTION
      16.6 CAPTIONS. The captions and heading& throughout the Lease are for
      convenience of reference only. The words contained therein do not explain,
      modify, amplify or add to the interpretation, construction or ‘meaning of any
      provision of or the scope of intent of this Lease or in any way affect this
      Lease.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    SECTION
      16.7 ENTIRE AGREEMENT. This Lease contains the entire agreement of the parties
      hereto and any and all oral and written agreements, understandings,
      representations, warranties, promises and statements of the parties hereto
      and
      their respective officers,- directors, partners, agents and brokers with respect
      to the subject matter of this Lease and any matter covered or mentioned in
      this
      Lease shall be merged in this Lease and no such prior oral or written statement
      shall be effective or binding for any reason or purpose unless specifically
      set
      forth in this Lease. No provision of this Lease may be amended or added to
      except by an agreement in writing signed by the parties hereto or their
      respective successors in interest. This Lease shall not be effective or binding
      on any party until fully executed by both parties hereto.

    

    SECTION
      16.8 SERVABILITY. if any provision of this Lease or the application thereof
      to
      any person or circumstance shall, to.any extent be invalid or unenforceable,
      the
      remainder of this Lease, or the application of such provision to persons or
      circumstances other than those as to which it in invalid or unenforceable,
      shall
      not be affected thereby, and each provision of this Lease shall be valid and
      be
      enforced to the fullest extent permitted by law.

    

    
      	
              /s/
                Greg Phillips

            	 	
              
                /s/
                  Greg Phillips

              

            
	
              Greg
                Phillips

            	 	
              Southpeak
                Interactive LLC

            
	
              Phillips
                Sales, Inc.English
        Translation of

      Equity
        Transfer Agreement

      

      This
        Equity Transfer Agreement (the “Agreement”) was executed in Beijing on October
        1, 2008 by the following parties:

      

      Hony
        Capital II, L.P., a limited partnership legally established and existing
        under
        the Cayman Law, with its main operating location at Walker House, Mary Street,
        PO Box 908 GT, George Town, Grand Cayman Islands (the “Seller”);
        and

      

      Jinzhou
        Halla Electrical Equipment Co. Ltd., a subsidiary of a NASDAQ listed company
        WONDER AUTO TECHNOLOGY INC (NASDAQ GM:WATG), a limited company established
        and
        existing under the Chinese law, with its operating location in the city of
        Jinzhou, China (the “Buyer”)

      

      (The
        above-mentioned seller and buyer collectively refer to as “Both Parties”, and
        each a “ Party.”)

      

      Whereas:

      A:
        Jinan
        Worldwide Auto Parts Company is a limited company established and existing
        under
        the Law of the People’s Republic of China with its operating location at No 1
        Worldwide Road, Economic & Development Zone of Jinan (the “Company”) with
        main business of development and manufacturer of valve &
tappets;

      

      B:
        the
        Seller holds 65% equity of Year City Limited, and Year City Limited holds
        100%
        equity of the Company. Except the 100% equity ownership of the Company and
        a
        loan of $2.55 million to the Company, Year City Limited does not have other
        assets and business;

      

      C:
        the
        Seller wishes to sell to the Buyer 65% of the equity of Year City Limited
        based
        on the terms and conditions of this agreement, the Buyer wishes to buy 65%
        of
        Year City equity from the Seller based on the terms and conditions of this
        agreement, which makes the buyer acquire 65% of Year City Limited’s equity and
        control 65% equity of the Company indirectly;

      

      D;
        the
        board of directors of Year City Limited approved on September 30, 2008 the
        sale
        of 65% of its equity by the Seller to the Buyer;

      

      E:
        the
        board of directors of the Buyer approved on September 30, 2008 to buy 65%
        of the
        equity held by Year City Limited and to execute this agreement;

      

      F:
        the
        board of directors of Hony Capital II, L.P. approved on September 30, 2008
        the
        sale of 65% Year City Limited equity by the Seller to the Buyer.

      

      Therefore,
        both parties agree as follows:

      

      Section
        1. The Purchase of Shares and Transfer

      

      Section
        1.1. Purchase
        and Transfer

      The
        Buyer
        agrees to buy from the Seller and the Seller agrees to sell to the Buyer
        65%
        Year City Limited equity held by the Seller (“the Transfer of Shares”) (the
        purchase of the Buyer from the Seller and the transfer of shares from the
        Seller
        to the Buyer are referred to as “The Transaction.”) 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

      Section
        1.2. The
        Purchase Price

      The
        Buyer
        shall pay a total cash consideration (the “Purchase Price”) of RMB 80 million to
        the Seller (the RMB 80 million is hereafter referred to as “the “Estimated
        Purchase Price””). 

      

      If
        the
        audited net income ((including tax return, all references to “Audited Net
        Income” include tax return unless otherwise specified)) of the Company for the
        12 months ended December 31, 2008 (the “2008 Audited Net Income”) is between RMB
        19.48 million and RMB 22.88 million (including RMB 19.48 million and 22.88
        million) based on the audit done in accordance with the US General Accepted
        Accounting Principles, the Purchase Price will not be adjusted. If
        the
        2008 Audited Net Income is less than RMB 19.48 million, then the Purchase
        Price
        will be reduced to an amount equal to the product of (i) RMB 80 million and
        (ii)
        the quotient of the 2008 Audited Net Income divided by RMB 19.48 million.
        If the
        2008 Audited Net Income is more than RMB 22.88 million, then the Purchase
        Price
        will be increased to an amount equal to the product of (i) RMB 80 million
        and
        (ii) the quotient of the 2008 Audited Net Income divided by RMB 22.88 million.
        

      

      Section
        1.3. The
        Payment Schedule

      The
        Buyer
        should transfer the amount of US dollars equal to RMB 30 million into the
        Seller’s account on or before October 10, 2008, based
        on
        the exchange rate for the conversion of RMB to U.S. dollar published by the
        China People’s Bank on the payment date.

      

      On
        or
        before December 21, 3008, the Buyer should transfer the amount of US dollars
        equal to RMB 20 million into the Seller’s account, based
        on
        the exchange rate for the conversion of RMB to U.S. dollar published by the
        China People’s Bank on the payment date.

      

      By
        February 15, 2009, the Buyer should hire auditors to audit its financial
        statements based on the US Generally Accepted Accounting Principles at its
        own
        cost. If the 2008 Audited Net Profit is between RMB 19.48 million and RMB
        22.99
        million (including RMB 19.48 million and RMB 22.99 million), the Purchase
        Price
        will not be adjusted, and the Buyer should pay the amount of US dollars equal
        to
        RMB 30 million to the Seller with 7 days after the audit results become
        available, based
        on
        the exchange rate for the conversion of RMB to U.S. dollar published by the
        China People’s Bank on the payment date.
        If the
        2008 Audited Net Profit is higher than RMB 22.88 million or lower than RMB
        19.48
        million, and within 7 days of the delivery of the audit results to the Seller,
        if the Seller agrees in writing with the audit results by the Buyer’s auditors,
        the Buyer should pay by cash the Purchase Price after the adjustment based
        on
        Section 1.2 minus the paid amount of US dollars equal to RMB 50 million within
        5
        days of the written agreement by the Seller and provision of written notice
        to
        the Buyer. Based to the audit results by the Buyer’s auditors, if the 2008
        Audited Net Profit is higher than RMB 22.88 million or lower than RMB 19.48
        million, and the Seller disagrees with the audit results by the Buyer’s
        auditors, the Seller should hire one of the big four accounting firms as
        auditor
        at its own costs and both parties agree to use the audit results as the basis
        of
        the net profit in the 12 months ended December 31, 2008. 

      

      Section
        1.4. The
        Payment Method

      Both
        parties agree that the purchase should be made in US dollars. Under the
        circumstances that the Seller thinks necessary, the Seller can request the
        Buyer
        to pay a designated individual, company or other organizations. 

      The
        Buyer
        should pay the Seller in US dollars in installments and wire the Seller at
        agreed time and amount specified in Section 1.3. The wiring information is
        as
        follows:

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      Bank
        Name: The Hong Kong and Shanghai Banking Corporation

      Bank
        Address: 1 Queen’s Road, Central, Hong Kong

      Swift:
        HSBCHKHHHKH

      Account
        Name: Hony Capital II, L. P.

      Account
        No.(USD):502-657372-274

      

      Section
        2. The Effective Date and Conditions Precedent

      

      Section
        2.1 Effective
        date

      This
        agreement will be effective upon execution by the authorized representatives
        of
        both parties.

      

      Section
        2.2 The
        Documents The Seller Should Deliver Before The Execution Of This
        Agreement

      
        	 	
                ·

              	
                board
                  resolutions of the Seller

              

      

      
        	 	
                ·

              	
                copies
                  of the Seller’s qualification documents (the Business Registration
                  Certificate and the Commercial Registration
                  Certificate)

              

      

      
        	 	
                ·

              	
                copies
                  of the ID or passport of the authorized representatives of the
                  Seller
                  

              

      

      
        	 	
                ·

              	
                board
                  resolutions regarding the distribution of profit to Year City Limited
                  and
                  pledge of the Company

              

      

      
        	 	
                ·

              	
                board
                  resolutions of Year City Limited regarding distribution of profit
                  to the
                  Seller

              

      

      

      Section
        2.3. The
        Documents That The Buyer Should Delivery Before The Execution Of The
        Agreement

      
        	 	
                ·

              	
                board
                  resolutions of the Buyer

              

      

      
        	 	
                ·

              	
                copies
                  of the Buyer’s qualification documents (the Business Registration
                  Certificate and the Commercial Registration
                  Certificate)

              

      

      
        	 	
                ·

              	
                copies
                  of the ID or passport of the authorized representatives of the
                  Buyer

              

      

      

      Section
        3. Closing

      Section
        3.1 Closing

      In
        this
        agreement, “Closing” means the completion of the Transaction pursuant this
        agreement.

      

      Section
        3.2 Closing
        Date

      The
        closing will be conducted pursuant to this agreement. October 10, 2008 is
        the
        initial closing date. The final closing will be conducted after the confirmation
        of the 2008 Audited Net Income pursuant to this agreement.

      

      Section
        3.3. Obligations
        of the Seller

      At
        the
        time of initial closing, the Seller should deliver the following documents
        to
        the Buyer:

      
        	 	
                ·

              	
                the
                  fax copy of the board resolutions in which 2 persons designated
                  by the
                  Buyer are appointed as the members of the board of directors of
                  Year City
                  Limited, the Seller shall keep one member of the
                  board.

              

      

      
        	 	
                ·

              	
                The
                  fax copy of the letter of appointment from Year City Limited in
                  which 3
                  persons designated by the Buyer are appointed as members of the
                  board of
                  directors of the Company. The Seller shall keep 2 members, one
                  of which
                  shall be from the current management
                  team.

              

      

      

      Section
        3.4 Obligations
        of the Buyer

      Pursuant
        to Section 1.3, at the initial closing, the Buyer shall pay the Seller the
        amount of US dollars equal to RMB 30 million.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      Section
        3.5 Upon
        the
        payment by the Buyer on December 21, 2008, the Seller will provide the Buyer
        with Year City Limited’s new shareholder registry, to show that the Buyer has
        been registered as a new shareholder holding 65% of Year City Limited’s
        equity.

      

      Section
        4. Representations, Warranties And Commitments

      Section
        4.1
        Both
        Parties represent and warrant the following:

      A,
        it is
        duly organized, validly and effectively existing under the laws, and in good
        standing.

      B,
        It has
        the requisite corporate power and authority to deliver and execute the
        agreements.

      C,
        It has
        adopted all the necessary corporate actions to authorize it to execute the
        agreement.

      D,
        Upon
        execution by both parties’ authorized representatives, this agreement will be
        effective and legally binding.

      E,
        The
        execution of this agreement and performance of the obligations under this
        agreement will not conflict, violate or contradict any laws or regulations
        of
        the government.

      F,
        There
        are no lawsuits, arbitration, administrative penalty, bankrupt, reform, close
        down and any other legal procedures that may negate the execution of this
        agreement. and

      G,
        All
        the information provided by both parties is valid, accurate and complete,
        and
        not misleading. All the representations and warranties of the important aspects
        made by the parties on the execution date are valid, accurate and complete,
        and
        remain valid, accurate and complete on the “delivery” day. The agreement allows
        the parties to redeliver their representations and warranties before the
        delivery so long as they do not have material impact on the
        Transaction.

      

      Section
        4.2.
        The
        Seller warrants the following:

      A,
        The
        Seller has disclosed all the important information about the Company in the
        Company’s financial reports.

      B,
        After
        transferring the equity, Seller will assist the Buyer with the transfer
        procedures and obtaining approvals from the government, banks and other third
        parties.

      

      Section
        4.3.
        The
        Buyer warrants the following:

      A,
        Before
        December 28, 2008, Buyer shall repay the loan of US$2.55 million to Year
        City
        Limited. This loan should be directly paid to the Seller’s bank account, and the
        Buyer should assume the responsibility as the direct debtor, while the Seller
        as
        the direct creditor.

      B,
        Buyer’s capital is legal and sufficient.

      C,
        Buyer
        should have a long-term plan to develop the Company and its products

      D,
        Buyer
        can rearrange the Company’s management team based its future development.

      

      Section
        5. Special terms

      Section
        5.1
        Both
        parties confirm that, before execution of the agreement, the Company has
        declared a dividend of RMB 51,369,845.13 to Year City Limited, and Year City
        Limited has declared the same amount as dividend to the Seller. The dividend
        has
        not been paid, and such amount remains in the Company’s account temporarily. The
        Seller is the legal owner of the dividend and no third party may claim it,
        either before or after the Transaction. Buyer agrees that the Buyer does
        not
        have any right in the dividend and that the dividend will not affect the
        purchase price in this agreement.

      

      Section
        5.2
        Seller
        has the right to assign the right to receive the above-mentioned dividend
        to any
        designated companies or other organizations. The Buyer shall urge the Company,
        Year City Limited and other new shareholders of the Company to coordinate
        with
        the Seller for the assignment (including relevant creditor’s right transfer on
        any paperwork regarding the applications for China foreign currency management
        procedures, etc.) 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      Section
        5.3
        The
        Buyer agrees and guarantees that within 30 days of the execution of this
        agreement, the shareholders of the Company shall pledge 40% of the Company’s
        share ownership to the Seller, with the Company’s shareholders as the guarantor,
        the Buyer as the guarantee and the Seller as the beneficiary, to guarantee
        that
        the Buyer will make all the payments to the Seller on time and the Buyer
        will
        fulfill its obligations under Section 5.2 as well as other sections of this
        agreement. 

      

      Section
        5.4
        To
        effectuate the pledge with the relevant department of the government, the
        Buyer
        should accept, sign and ensure the Company’s current shareholders to accept,
        sign the related documents for completion of the pledge successfully, (
        including but not limited to any guarantee agreement or credit agreement
        ), and
        ensure the enforceability of the pledge under the Chinese laws.

      

      Section
        5.5
        If the
        Buyer is not able to fulfill its obligation for any legal or acceptable reasons,
        the only direct shareholder of the Buyer WONDER AUTO LIMITED should replace
        the
        Buyer and fulfill all obligations of the Buyer under this
        agreement.

      

      Section
        6. Confidentiality

      Section
        6.1 Confidentiality
        obligations

      The
        related parties of this agreement shall keep confidential all contents of
        this
        agreement and confidential information provided by the parties. This agreement
        should not be disclosed to any third party.

      

      Notwithstanding
        the above, all parties may disclose the contents of this agreement and other
        confidential information to its employees, directors and professional
        consultants, restricted to the reasonable needs to fulfill the purpose of
        this
        agreement. It should be assured that employees, directors and professional
        consultants understand and obey the confidentiality obligation.

      

      Section
        6.2 Confidential
        information

      For
        the
        purpose of Section 6, the “confidential information” refers to all oral or
        written information of the party’s business operation, business strategy,
        business plan, investment plans, products, sales, customers, employees,
        marketing, technology, finance or other related aspects or any thing related,
        which includes but is not limited to all reports and records and all copies
        (electronic copies are included), copies, translations.

      

      Section
        6.3 Term
        of the confidentiality obligations

      After
        the
        termination of this agreement, all restrictions of Section 6 are still
        applicable indefinitely.

      

      Section
        7. Force majeure

      Section
        7.1. “Force
        majeure” refers to all unforeseeable, unavoidable occurrence and results at the
        time of the signing of this agreement, all matters related to prohibiting
        any
        party from carrying our all or partial of this agreement after the signing
        of
        this agreement. These matters include earthquakes, typhoon, flood, fire,
        wars,
        domestic and international traffic trouble, government or public actions,
        infectious diseases, civil unrest, strikes, and any unforeseeable, unavoidable
        situations.

      

      Section
        7.2 Terminations

      If
        any
        force majeure event happens, the obligation of the affected party should
        be
        terminated and the agreement automatically extended and this party will not
        be
        deemed as breaching this agreement.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

      Section
        7.3 Notice
        of Force Majeure

      The
        party
        who claims Force Majeure should notify the other party in writing immediately
        and provide sufficient evidence of the existence and continuance of the Force
        Majeure event.

      

      Section
        7.3 Resolution

      In
        the
        event of Force Majeure, both parties should negotiate immediately for a fair
        resolution and try their best to minimize the impact.

      

      Section
        8 Liability for breach of contract

      

      Section
        8.1
        Any
        party who breaches the terms and conditions of this agreement should be liable
        for all the losses caused to the non-breaching party.

      

      Section
        8.2 If
        the
        Transaction could not be completed because of the Buyer’s fault, the Buyer
        should immediately pay the Seller a penalty of 2 million US dollars; If the
        Buyer failed to fulfill its obligations under Section 5 of this agreement,
        besides continuing to fulfill the obligations, the Buyer should immediately
        pay
        the Seller a penalty of 2 million US dollars. If the Transaction, could not
        be
        completed because of Seller’s fault, the Seller should immediately pay the Buyer
        a penalty of 2 million US dollars

      

      Section
        9. Notice

      

      Section
        9.1 Notice

      If
        any
        notice is sent by one party to the other, it should be sent by Personal
        Delivery, Fax, Registered Mail by Air or Express to the following addresses.
        If
        the notice is sent by Personal Delivery, the delivery date should be deemed
        as
        the acceptance date. If the notice is sent by Fax, the date when the fax
        is
        completed should be deemed as the acceptance date. (The sender should provide
        the fax report as evidence.) If the notice is sent by Registered Mail by
        Air,
        the seventh day after the delivery date based on to postmark should be deemed
        as
        the acceptance date. If the notice is sent by Express, the third day after
        the
        delivery date based on the express report should be deemed as the acceptance
        date.

      

      Contact
        Information of the Parties:

      

      Seller:
        Hony Capital

      Address:
        6th floor, South Tower C, Raycom InfoTech Park, No. 2, Ke Xue Yuan Nan Lu,
        Haidian District Beijing, P.R. China 100190

      Contact
        person.: Mr. Jing Wang 

      Fax:
        010-6250 9181

      Tele:010-6250
        9988

      

      Buyer:
        Jinzhou Halla Electrical Equipment Co., Ltd.

      Address:
        Yulu Street NO.16, Jinzhou City, Liaoning Province, P.R .China.

      Contact:
        Mr. Qi Liang

      Fax:
        0416-3880059 

      Tele:
        0416-3880061

      

      Section
        10. Governing Law. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      Section
        10.1 Governing
        Law 

      This
        Agreement shall be governed by and construed in accordance with the laws
        of Hong
        Kong.

      

      Section
        11. Dispute Resolution.

      

      Section
        11.1 Negotiation
        and Arbitration

      If
        any
        dispute arises between the parties relating to this Agreement, they should
        submit the dispute to China International Economic and Trade Arbitration
        Commission in accordance with the then current effective arbitration rules.
        Mediation or arbitration shall take place in Beijing. In the event of
        arbitration, the parties agree that the arbitration award shall be final
        and
        should be binding to the parties. The parties hereto agree that judgment
        on the
        arbitration award may be entered and enforced in any court of competent
        jurisdiction.

      

      Section
        11.2 Effect
        of Arbitration procedure

      The
        commencement of the arbitration procedures should NOT lead to the termination
        of
        this agreement. This agreement shall have full legal effect until the
        arbitration award is given.

      

      Section
        12. Miscellaneous

      

      Section
        13. Fees and Expenses

      Each
        party shall be responsible for its own expenses related to this
        Agreement.

      

      Section
        14. Deadline

      The
        Buyer
        should complete due diligence within 45 days of the execution date of this
        agreement.

      

      Section
        14.1 Non-waivers.

      Failure
        to exercise and or delay in exercising any right, remedy, power or privilege
        shall be construed or deemed as a waiver of any underlying rights. Failure
        to
        exercise or partial exercise of any right, remedy, power or privilege shall
        not
        affect any future exercise of the right, remedy, power or
        privilege.

       

      Section
        14.2 Amendments.

      This
        Agreement is entered into for the benefits of the parties in this agreement
        and
        their lawful assignees. Any amendment of this agreement should be made by
        the
        written consent of both parties.

      

      Section
        14.3 Severability. 

      The
        invalidity or unenforceability of any provision of this Agreement shall not
        affect the validity or enforceability of any other provision of this
        agreement.

      

      Section
        14.4 Counterparts.

      Six
        original copies of this agreement should be signed in Chinese, with the Seller,
        the Buyer and WONDER AUTO LIMITED holding two copies each.

      

      Section
        14.5 Entire
        Agreement. 

      This
        Agreement embodies the entire agreement and understanding between the parties
        with respect to the subject matter hereof and supersedes all prior agreements
        and understandings relating to such subject matter.

      

      Section
        14.6 Expenses,
        Fees and Taxes.

      The
        parties agree that each party shall be responsible for its own expenses,
        fees,
        or taxes incident to the preparation, negotiation, subscription and delivery
        of
        this agreement.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Hony
        Capital II, L.P.

      

      Authorized
        Representative (signature)

      

      Jinzhou
        Halla Electrical Equipment Co., Ltd.

      

      Authorized
        Representative (signature)

      

      WONDER
        AUTO LIMITED

      

      Authorized
        Representative (signature)

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