Document:

CYTYC CORPORATION 2004 OMNIBUS STOCK PLAN

 Exhibit 10.8 
  
  

  
 CYTYC CORPORATION 
  
 2004 OMNIBUS STOCK PLAN 
  

 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	Page

	 1.
	  	PURPOSE	  	1
	 2.
	  	DEFINITIONS	  	1
	 3.
	  	ADMINISTRATION OF THE PLAN	  	4
	 	  	3.1.	  	Board	  	4
	 	  	3.2.	  	Committee.	  	4
	 	  	3.3.	  	Terms of Awards.	  	4
	 	  	3.4.	  	Deferral Arrangement.	  	5
	 	  	3.5.	  	No Liability.	  	5
	 4.
	  	STOCK SUBJECT TO THE PLAN	  	5
	 5.
	  	EFFECTIVE DATE, DURATION AND AMENDMENTS	  	6
	 	  	5.1.	  	Effective Date.	  	6
	 	  	5.2.	  	Term.	  	6
	 	  	5.3.	  	Amendment and Termination of the Plan	  	6
	 6.
	  	AWARD ELIGIBILITY AND LIMITATIONS	  	6
	 	  	6.1.	  	Service Providers and Other Persons	  	6
	 	  	6.2.	  	Successive Awards.	  	6
	 	  	6.3.	  	Limitation on Shares of Stock Subject to Awards and Cash Awards.	  	6
	 	  	6.4.	  	Limitations on Incentive Stock Options.	  	7
	 	  	6.5.	  	Stand-Alone, Additional, Tandem, and Substitute Awards	  	7
	 7.
	  	AWARD AGREEMENT	  	7
	 8.
	  	TERMS AND CONDITIONS OF OPTIONS	  	7
	 	  	8.1.	  	Option Price	  	7
	 	  	8.2.	  	Vesting.	  	8
	 	  	8.3.	  	Term.	  	8
	 	  	8.4.	  	Termination of Service.	  	8
	 	  	8.5.	  	Limitations on Exercise of Option.	  	8
	 	  	8.6.	  	Method of Exercise.	  	8
	 	  	8.7.	  	Rights of Holders of Options	  	8
	 	  	8.8.	  	Delivery of Stock Certificates.	  	9
	 	  	8.9.	  	Transferability of Options	  	9
	 	  	8.10.	  	Family Transfers.	  	9
	 9.
	  	STOCK APPRECIATION RIGHTS	  	9
	 	  	9.1.	  	Right to Payment.	  	9
	 	  	9.2.	  	Other Terms.	  	9
	 10.
	  	RESTRICTED STOCK AND STOCK UNITS	  	10
	 	  	10.1.	  	Grant of Restricted Stock or Stock Units.	  	10
	 	  	10.2.	  	Restrictions.	  	10
	 	  	10.3.	  	Restricted Stock Certificates.	  	10
	 	  	10.4.	  	Rights of Holders of Restricted Stock.	  	10
	 	  	10.5.	  	Rights of Holders of Stock Units.	  	10
	 	  	 	  	10.5.1.    Voting and Dividend Rights.	  	10
	 	  	 	  	10.5.2.    Creditor’s Rights.	  	11
	 	  	10.6.	  	Termination of Service.	  	11
	 	  	10.7.	  	Purchase of Restricted Stock.	  	11
	 	  	10.8.	  	Delivery of Stock.	  	11
	 11.
	  	UNRESTRICTED STOCK AWARDS	  	11
	 12.
	  	FORM OF PAYMENT FOR OPTIONS AND RESTRICTED STOCK	  	11
	 	  	12.1.	  	General Rule.	  	11
	 	  	12.2.	  	Surrender of Stock.	  	11

  

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	 	  	 	  	 	  	Page

	 	  	12.3.	  	Cashless Exercise.	  	12
	 	  	12.4.	  	Other Forms of Payment.	  	12
	 13.
	  	DIVIDEND EQUIVALENT RIGHTS	  	12
	 	  	13.1.	  	Dividend Equivalent Rights.	  	12
	 	  	13.2.	  	Termination of Service.	  	12
	 14.
	  	PERFORMANCE AND ANNUAL INCENTIVE AWARDS	  	12
	 	  	14.1.	  	Performance Conditions	  	12
	 	  	14.2.	  	Performance or Annual Incentive Awards Granted to Designated Covered Employees	  	13
	 	  	 	  	14.2.1.    Performance Goals Generally.	  	13
	 	  	 	  	14.2.2.    Business Criteria.	  	13
	 	  	 	  	14.2.3.    Timing For Establishing Performance Goals.	  	13
	 	  	 	  	14.2.4.    Performance or Annual Incentive Award Pool.	  	13
	 	  	 	  	14.2.5.    Settlement of Performance or Annual Incentive Awards; Other Terms.	  	13
	 	  	14.3.	  	Written Determinations.	  	14
	 	  	14.4.	  	Status of Section 14.2 Awards Under Code Section 162(m)	  	14
	 15.
	  	PARACHUTE LIMITATIONS	  	14
	 16.
	  	REQUIREMENTS OF LAW	  	15
	 	  	16.1.	  	General.	  	15
	 	  	16.2.	  	Rule 16b-3.	  	15
	 17.
	  	EFFECT OF CHANGES IN CAPITALIZATION	  	15
	 	  	17.1.	  	Changes in Stock.	  	15
	 	  	17.2.	  	 Reorganization in Which the Company Is the Surviving Entity Which does not Constitute a Corporate Transaction
	  	16
	 	  	17.3.	  	Corporate Transaction.	  	16
	 	  	17.4.	  	Adjustments.	  	17
	 	  	17.5.	  	No Limitations on Company.	  	17
	 18.
	  	GENERAL PROVISIONS	  	17
	 	  	18.1.	  	Disclaimer of Rights	  	17
	 	  	18.2.	  	Nonexclusivity of the Plan	  	18
	 	  	18.3.	  	Withholding Taxes	  	18
	 	  	18.4.	  	Captions	  	18
	 	  	18.5.	  	Other Provisions	  	18
	 	  	18.6.	  	Number and Gender	  	18
	 	  	18.7.	  	Severability	  	18
	 	  	18.8.	  	Governing Law	  	18

  

 -ii- 

 CYTYC CORPORATION 
  

 2004 OMNIBUS STOCK PLAN 
  
 Cytyc Corporation, a Delaware corporation (the “Company”), sets forth herein the terms of its 2004 Omnibus Stock Plan (the “Plan”), as
follows: 
  
 1.    PURPOSE 
  
 The Plan is intended to enhance the Company’s and its Affiliates’
(as defined herein) ability to attract and retain highly qualified officers, directors, key employees, and other persons, and to motivate such officers, directors, key employees, and other persons to serve the Company and its Affiliates and to
expend maximum effort to improve the business results and earnings of the Company, by providing to such persons an opportunity to acquire or increase a direct proprietary interest in the equity of the Company and share in the future success of the
Company. To this end, the Plan provides for the grant of stock options, stock appreciation rights, restricted stock, stock units, unrestricted stock, dividend equivalent rights and cash awards. Any of these awards may, but need not, be made as
performance incentives to reward attainment of annual or long-term performance goals in accordance with the terms hereof. Stock options granted under the Plan may be non-qualified stock options or incentive stock options, as provided herein.

  
 2.    DEFINITIONS 
  
 For purposes of interpreting the Plan and related documents (including Award
Agreements), the following definitions shall apply: 
  
 2.1
“Affiliate” means, with respect to the Company, any company or other trade or business that controls, is controlled by or is under common control with the Company within the meaning of Rule 405 of Regulation C under the Securities
Act, including, without limitation, any Subsidiary. 
  
 2.2
“Annual Incentive Award” means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the fiscal year, unless otherwise specified by the Committee).

  
 2.3 “Award” means a grant of an Option, Stock
Appreciation Right, Restricted Stock, Unrestricted Stock, Stock Unit, Dividend Equivalent Rights, or cash award under the Plan. 
  
 2.4 “Award Agreement” means the written agreement between the Company and a Grantee that evidences and sets out the terms and conditions
of an Award. 
  
 2.5 “Benefit Arrangement” shall
have the meaning set forth in Section 15 hereof. 
  
 2.6
“Board” means the Board of Directors of the Company. 
  
 2.7 “Cause” means, as determined by the Board and unless otherwise provided in an applicable agreement with the Company or an Affiliate, (i) gross negligence or willful misconduct in connection with the performance of
duties; (ii) conviction of a criminal offense (other than minor traffic offenses); or (iii) material breach of any term of any employment, consulting or other services, confidentiality, intellectual property or non-competition agreements, if any,
between the Service Provider and the Company or an Affiliate. 
  
 2.8 “Code” means the Internal Revenue Code of 1986, as now in effect or as hereafter amended. 
  
 2.9 “Committee” means a committee of, and designated from time to time by resolution of, the Board, which shall be constituted as
provided in Section 3.2. 
  
 2.10
“Company” means Cytyc Corporation. 

 2.11 “Corporate Transaction” means (i) the dissolution or liquidation of the Company or
a merger, consolidation, or reorganization of the Company with one or more other entities in which the Company is not the surviving entity, (ii) a sale of substantially all of the assets of the Company to another person or entity, or (iii) any
transaction (including without limitation a merger or reorganization in which the Company is the surviving entity) which results in any person or entity (other than persons who are stockholders or Affiliates immediately prior to the transaction)
owning 50% or more of the combined voting power of all classes of stock of the Company. 
  
 2.12 “Covered Employee” means a Grantee who is a Covered Employee within the meaning of Section 162(m)(3) of the Code. 
  

 2.13 “Disability” means the Grantee is unable to perform each of the essential duties of such Grantee’s position by
reason of a medically determinable physical or mental impairment which is potentially permanent in character or which can be expected to last for a continuous period of not less than 12 months; provided, however, that, with respect to rules
regarding expiration of an Incentive Stock Option following termination of the Grantee’s Service, Disability shall mean the Grantee is unable to engage in any substantial gainful activity by reason of a medically determinable physical or mental
impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months. 
  
 2.14 “Dividend Equivalent Right” means a right, granted to a Grantee under Section 13 hereof, to receive cash, Stock, other Awards
or other property equal in value to dividends paid with respect to a specified number of shares of Stock, or other periodic payments. 
  
 2.15 “Effective Date” means March 24, 2004, the date the Plan is approved by the Board. 
  
 2.16 “Exchange Act” means the Securities Exchange Act of
1934, as now in effect or as hereafter amended. 
  
 2.17
“Fair Market Value” means the value of a share of Stock, determined as follows: if on the Grant Date or other determination date the Stock is listed on an established national or regional stock exchange, is admitted to quotation on
The Nasdaq Stock Market, Inc. or is publicly traded on an established securities market, the Fair Market Value of a share of Stock shall be the closing price of the Stock on such exchange or in such market (if there is more than one such exchange or
market the Board shall determine the appropriate exchange or market) on the Grant Date or such other determination date (or if there is no such reported closing price, the Fair Market Value shall be the mean between the highest bid and lowest asked
prices or between the high and low sale prices on such trading day) or, if no sale of Stock is reported for such trading day, on the next preceding day on which any sale shall have been reported. If the Stock is not listed on such an exchange,
quoted on such system or traded on such a market, Fair Market Value shall be the value of the Stock as determined by the Board in good faith. 
  
 2.18 “Family Member” means a person who is a spouse, former spouse, child, stepchild, grandchild, parent, stepparent, grandparent, niece,
nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother, sister, brother-in-law, or sister-in-law, including adoptive relationships, of the Grantee, any person sharing the Grantee’s household (other than a tenant or
employee), a trust in which any one or more of these persons have more than fifty percent of the beneficial interest, a foundation in which any one or more of these persons (or the Grantee) control the management of assets, and any other entity in
which one or more of these persons (or the Grantee) own more than fifty percent of the voting interests. 
  
 2.19 “Grant Date” means, as determined by the Board, the latest to occur of (i) the date as of which the Board approves an Award, (ii)
the date on which the recipient of an Award first becomes eligible to receive an Award under Section 6 hereof, or (iii) such other date as may be specified by the Board. 
  
 2.20 “Grantee” means a person who receives or holds an Award under the Plan. 
  

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 2.21 “Incentive Stock Option” means an “incentive stock option” within the
meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted tax statute, as amended from time to time. 
  
 2.22 “Non-qualified Stock Option” means an Option that is not an Incentive Stock Option. 
  
 2.23 “Option” means an option to purchase one or more shares
of Stock pursuant to the Plan. 
  
 2.24 “Option
Price” means the exercise price for each share of Stock subject to an Option. 
  
 2.25 “Other Agreement” shall have the meaning set forth in Section 15 hereof. 
  
 2.26 “Outside Director” means a member of the Board who is not an officer or employee of the Company. 
  
 2.27 “Performance Award” means an Award made subject to the
attainment of performance goals (as described in Section 14) over a performance period of up to ten (10) years. 
  
 2.28 “Plan” means this Cytyc Corporation 2004 Omnibus Stock Plan. 
  
 2.29 “Purchase Price” means the purchase price for each share of Stock pursuant to a grant of Restricted
Stock or Unrestricted Stock. 
  
 2.30 “Reporting
Person” means a person who is required to file reports under Section 16(a) of the Exchange Act. 
  
 2.31 “Restricted Stock” means shares of Stock, awarded to a Grantee pursuant to Section 10 hereof. 
  
 2.32 “SAR Exercise Price” means the per share exercise price
of an SAR granted to a Grantee under Section 9 hereof. 
  
 2.33 “Securities Act” means the Securities Act of 1933, as now in effect or as hereafter amended. 
  
 2.34 “Service” means service as a Service Provider to the Company or an Affiliate. Unless otherwise stated in the applicable Award
Agreement, a Grantee’s change in position or duties shall not result in interrupted or terminated Service, so long as such Grantee continues to be a Service Provider to the Company or an Affiliate. Subject to the preceding sentence, whether a
termination of Service shall have occurred for purposes of the Plan shall be determined by the Board, which determination shall be final, binding and conclusive. 
  
 2.35 “Service Provider” means an employee, officer or director of the Company or an Affiliate, or a
consultant or adviser currently providing services to the Company or an Affiliate. 
  
 2.36 “Stock” means the common stock, par value $.01 per share, of the Company. 
  
 2.37 “Stock Appreciation Right” or “SAR” means a right granted to a Grantee under Section 9 hereof.

  
 2.38 “Stock Unit” means a bookkeeping entry
representing the equivalent of shares of Stock, awarded to a Grantee pursuant to Section 10 hereof. 
  
 2.39 “Subsidiary” means any “subsidiary corporation” of the Company within the meaning of Section 424(f) of the Code.

  
 2.40 “Termination Date” means the date upon
which an Option shall terminate or expire, as set forth in Section 8.3 hereof. 
  

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 2.41 “Ten Percent Stockholder” means an individual who owns more than ten percent (10%)
of the total combined voting power of all classes of outstanding stock of the Company, its parent or any of its Subsidiaries. In determining stock ownership, the attribution rules of Section 424(d) of the Code shall be applied. 
  
 2.42 “Unrestricted Stock” means an Award pursuant to
Section 11 hereof. 
  
 3.    ADMINISTRATION OF THE
PLAN 
  
 3.1.     Board

  
 The Board shall have such powers and authorities related
to the administration of the Plan as are consistent with the Company’s certificate of incorporation and by-laws and applicable law. The Board shall have full power and authority to take all actions and to make all determinations required or
provided for under the Plan, any Award or any Award Agreement, and shall have full power and authority to take all such other actions and make all such other determinations not inconsistent with the specific terms and provisions of the Plan that the
Board deems to be necessary or appropriate to the administration of the Plan, any Award or any Award Agreement. All such actions and determinations shall be by the affirmative vote of a majority of the members of the Board present at a meeting or by
unanimous consent of the Board executed in writing in accordance with the Company’s certificate of incorporation and by-laws and applicable law. The interpretation and construction by the Board of any provision of the Plan, any Award or any
Award Agreement shall be final, binding and conclusive. 
  
 3.2.    Committee. 
  
 The
Board from time to time may delegate to the Committee such powers and authorities related to the administration and implementation of the Plan, as set forth in Section 3.1 above and other applicable provisions, as the Board shall determine,
consistent with the certificate of incorporation and by-laws of the Company and applicable law. 
  
 (i) Except as provided in Subsection (ii) and except as the Board may otherwise determine, the Committee shall be the Compensation
Committee. 
  
 (ii) The Board may also appoint
one or more separate committees of the Board, each composed of one or more directors of the Company who need not be Outside Directors, who may administer the Plan with respect to employees or other Service Providers who are not officers or directors
of the Company, may grant Awards under the Plan to such employees or other Service Providers, and may determine all terms of such Awards. 
  
 In the event that the Plan, any Award or any Award Agreement entered into hereunder provides for any action to be taken by or determination to be made by
the Board, such action may be taken or such determination may be made by the Committee if the power and authority to do so has been delegated to the Committee by the Board as provided for in this Section. Unless otherwise expressly determined by the
Board, any such action or determination by the Committee shall be final, binding and conclusive. To the extent permitted by law, the Committee may delegate its authority under the Plan to a member of the Board. 
  
 3.3.    Terms of Awards. 
  
 Subject to the other terms and conditions of the Plan, the Board shall have
full and final authority to: 
  
 (i) designate Grantees,

  
 (ii) determine the type or types of Awards to be made to a
Grantee, 
  
 (iii) determine the number of shares of Stock to be
subject to an Award, 
  

 4 

 (iv) establish the terms and conditions of each Award (including, but not limited to, the exercise price
of any Option, the nature and duration of any restriction or condition (or provision for lapse thereof) relating to the vesting, exercise, transfer, or forfeiture of an Award or the shares of Stock subject thereto, and any terms or conditions that
may be necessary to qualify Options as Incentive Stock Options), 
  
 (v) prescribe the form of each Award Agreement evidencing an Award, and 
  
 (vi) amend, modify, or supplement the terms of any outstanding Award. Such authority specifically includes the authority, in order to effectuate the purposes of the Plan but without amending the Plan, to modify Awards
to eligible individuals who are foreign nationals or are individuals who are employed outside the United States to recognize differences in local law, tax policy, or custom.  
  
 As a condition to any subsequent Award, the Board shall have the right, at its discretion, to require Grantees to return to
the Company Awards previously made under the Plan. Subject to the terms and conditions of the Plan, any such new Award shall be upon such terms and conditions as are specified by the Board at the time the new Award is made. The Board shall have the
right, in its discretion, to make Awards in substitution or exchange for any other award under another plan of the Company, any Affiliate, or any business entity to be acquired by the Company or an Affiliate. The Company may retain the right in an
Award Agreement to cause a forfeiture of the gain realized by a Grantee on account of actions taken by the Grantee in violation or breach of or in conflict with any employment agreement, non-competition agreement, any agreement prohibiting
solicitation of employees or clients of the Company or any Affiliate thereof or any confidentiality obligation with respect to the Company or any Affiliate thereof or otherwise in competition with the Company or any Affiliate thereof, to the extent
specified in such Award Agreement applicable to the Grantee. Furthermore, the Company may annul an Award if the Grantee is an employee of the Company or an Affiliate thereof and is terminated for Cause as defined in the applicable Award Agreement or
the Plan, as applicable. The grant of any Award shall be contingent upon the Grantee executing the appropriate Award Agreement. 
  
 Notwithstanding the foregoing, no amendment or modification may be made to an outstanding Option or SAR which reduces the Option Price or SAR Exercise
Price, either by lowering the Option Price or SAR Exercise Price or by canceling the outstanding Option or SAR and granting a replacement Option or SAR with a lower exercise price without the approval of the stockholders of the Company, provided,
that, appropriate adjustments may be made to outstanding Options and SARs pursuant to Section 17. 
  
 3.4.    Deferral Arrangement. 
  
 The Board may permit or require the deferral of any award payment into a deferred compensation arrangement, subject to such rules and procedures as it may
establish, which may include provisions for the payment or crediting of interest or dividend equivalents, including converting such credits into deferred Stock equivalents and restricting deferrals to comply with hardship distribution rules
affecting 401(k) plans. 
  
 3.5.    No
Liability. 
  
 No member of the Board or of the Committee
shall be liable for any action or determination made in good faith with respect to the Plan or any Award or Award Agreement. 
  
 4.    STOCK SUBJECT TO THE PLAN 
  
 Subject to adjustment as provided in Section 17 hereof, the number of shares of Stock available for issuance under the Plan shall be 12,250,000.
Notwithstanding the preceding sentence and also subject to adjustment as provided in Section 17 hereof, the aggregate number of shares of Stock which cumulatively may be available for issuance pursuant to Awards other than Awards of Options
or SARs shall not exceed 8,200,000. Stock issued or to be issued under the Plan shall be authorized but unissued shares, or, to the extent permitted by applicable law, issued shares that have been reacquired by the Company. If any shares covered by
an Award are not purchased or 

  

 5 

 
are forfeited, or if an Award otherwise terminates without delivery of any Stock subject thereto, then the number of shares of Stock counted against the
aggregate number of shares available under the Plan with respect to such Award shall, to the extent of any such forfeiture or termination, again be available for making Awards under the Plan. If the Option Price of any Option granted under the Plan,
or if pursuant to Section 18.3 the withholding obligation of any Grantee with respect to an Option or other Award, is satisfied by tendering shares of Stock to the Company (by either actual delivery or by attestation) or by withholding shares
of Stock, the number of shares of Stock issued shall be deemed delivered for purposes of determining the maximum number of shares of Stock available for delivery under the Plan. 
  
 5.    EFFECTIVE DATE, DURATION AND AMENDMENTS 
  
 5.1.    Effective Date. 
  
 The Plan shall be effective as of the Effective Date, subject to approval of the Plan by the Company’s stockholders
within one year of the Effective Date. Upon approval of the Plan by the stockholders of the Company as set forth above, all Awards made under the Plan on or after the Effective Date shall be fully effective as if the stockholders of the Company had
approved the Plan on the Effective Date. If the stockholders fail to approve the Plan within one year after the Effective Date, any Awards made hereunder shall be null and void and of no effect. 
  
 5.2.    Term. 
  
 The Plan shall terminate automatically ten (10) years after its adoption by
the Board and may be terminated on any earlier date as provided in Section 5.3. 
  
 5.3.    Amendment and Termination of the Plan 
  
 The Board may, at any time and from time to time, amend, suspend, or terminate the Plan as to any shares of Stock as to which Awards have not been made.
An amendment shall be contingent on approval of the Company’s stockholders to the extent stated by the Board, required by applicable law or required by applicable stock exchange listing requirements. No Awards shall be made after termination of
the Plan. No amendment, suspension, or termination of the Plan shall, without the consent of the Grantee, impair rights or obligations under any Award theretofore awarded under the Plan. 
  
 6.    AWARD ELIGIBILITY AND LIMITATIONS 
  
 6.1.     Service Providers and Other Persons 
  
 Subject to this Section 6, Awards may be made under the Plan to: (i)
any Service Provider to the Company or of any Affiliate, including any Service Provider who is an officer or director of the Company, or of any Affiliate, as the Board shall determine and designate from time to time, (ii) any Outside Director, and
(iii) any other individual whose participation in the Plan is determined to be in the best interests of the Company by the Board. 
  
 6.2.    Successive Awards. 
  
 An eligible person may receive more than one Award, subject to such restrictions as are provided herein. 
  
 6.3.    Limitation on Shares of Stock Subject to
Awards and Cash Awards. 
  
 During any time when the Company
has a class of equity security registered under Section 12 of the Exchange Act: 
  
 (i) the maximum number of shares of Stock subject to Options or SARs that can be awarded under the Plan to any person eligible for an Award under Section 6 hereof is 1,500,000 per calendar year; 
  

 6 

 (ii) the maximum number of shares that can be awarded under the Plan, other than pursuant to an Option or
SARs, to any person eligible for an Award under Section 6 hereof is 1,000,000 per calendar year; and 
  
 (iii) the maximum amount that may be earned as an Annual Incentive Award or other cash Award in any calendar year by any one Grantee shall be $3,000,000
and the maximum amount that may be earned as a Performance Award or other cash Award in respect of a performance period by any one Grantee shall be $5,000,000. 
  

The preceding limitations in this Section 6.3 are subject to adjustment as provided in Section 17 hereof.  
  
 6.4.    Limitations on Incentive Stock Options. 

  
 An Option shall constitute an Incentive Stock Option only (i)
if the Grantee of such Option is an employee of the Company or any Subsidiary of the Company; (ii) to the extent specifically provided in the related Award Agreement; and (iii) to the extent that the aggregate Fair Market Value (determined at the
time the Option is granted) of the shares of Stock with respect to which all Incentive Stock Options held by such Grantee become exercisable for the first time during any calendar year (under the Plan and all other plans of the Grantee’s
employer and its Affiliates) does not exceed $100,000. This limitation shall be applied by taking Options into account in the order in which they were granted. 
  

6.5.    Stand-Alone, Additional, Tandem, and Substitute Awards 
  
 Awards granted under the Plan may, in the discretion of the Board, be
granted either alone or in addition to, in tandem with, or in substitution or exchange for, any other Award or any award granted under another plan of the Company, any Affiliate, or any business entity to be acquired by the Company or an Affiliate,
or any other right of a Grantee to receive payment from the Company or any Affiliate. Such additional, tandem, and substitute or exchange Awards may be granted at any time. If an Award is granted in substitution or exchange for another Award, the
Board shall require the surrender of such other Award in consideration for the grant of the new Award. In addition, Awards may be granted in lieu of cash compensation, including in lieu of cash amounts payable under other plans of the Company or any
Affiliate, in which the value of Stock subject to the Award is equivalent in value to the cash compensation (for example, Stock Units or Restricted Stock), or in which the Option Price, grant price or purchase price of the Award in the nature of a
right that may be exercised is equal to the Fair Market Value of the underlying Stock minus the value of the cash compensation surrendered (for example, Options granted with an Option Price “discounted” by the amount of the cash
compensation surrendered). 
  
 7.    AWARD AGREEMENT 

  
 Each Award granted pursuant to the Plan shall be evidenced by
an Award Agreement, in such form or forms as the Board shall from time to time determine. Award Agreements granted from time to time or at the same time need not contain similar provisions but shall be consistent with the terms of the Plan. Each
Award Agreement evidencing an Award of Options shall specify whether such Options are intended to be Non-qualified Stock Options or Incentive Stock Options, and in the absence of such specification such options shall be deemed Non-qualified Stock
Options. 
  
 8.    TERMS AND CONDITIONS OF OPTIONS 

  
 8.1.    Option Price 

 
 The Option Price of each Option shall be fixed by the Board and stated in
the Award Agreement evidencing such Option. The Option Price of each Option shall be at least the Fair Market Value on the Grant Date of a share of Stock; provided, however, that in the event that a Grantee is a Ten Percent
Stockholder, the Option Price of an 

  

 7 

 
Option granted to such Grantee that is intended to be an Incentive Stock Option shall be not less than 110 percent of the Fair Market Value of a share of
Stock on the Grant Date. In no case shall the Option Price of any Option be less than the par value of a share of Stock. 
  
 8.2.    Vesting. 
  
 Subject to Sections 8.3 and 17.3 hereof, each Option granted under the Plan shall become exercisable at such times and under such conditions as
shall be determined by the Board and stated in the Award Agreement. For purposes of this Section 8.2, fractional numbers of shares of Stock subject to an Option shall be rounded down to the next nearest whole number. No Option shall be
exercisable in whole or in part prior to the date the Plan is approved by the Stockholders of the Company as provided in Section 5.1 hereof. 
  
 8.3.    Term. 
  
 Each Option granted under the Plan shall terminate, and all rights to purchase shares of Stock thereunder shall cease, upon the expiration of ten years
from the date such Option is granted, or under such circumstances and on such date prior thereto as is set forth in the Plan or as may be fixed by the Board and stated in the Award Agreement relating to such Option (the “Termination
Date”); provided, however, that in the event that the Grantee is a Ten Percent Stockholder, an Option granted to such Grantee that is intended to be an Incentive Stock Option shall not be exercisable after the expiration of five
years from its Grant Date.  
  
 8.4.    Termination of Service. 
  
 Each Award Agreement shall set forth the extent to which the Grantee shall have the right to exercise the Option following termination of the Grantee’s Service. Such provisions shall be determined in the sole discretion of the Board,
need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service. 
  
 8.5.    Limitations on Exercise of Option. 
  
 Notwithstanding any other provision of the Plan, in no event may any Option be exercised, in whole or in part, prior to the
date the Plan is approved by the stockholders of the Company as provided herein or after the occurrence of an event referred to in Section 17 hereof which results in termination of the Option. 
  
 8.6.    Method of Exercise. 
  
 An Option that is exercisable may be exercised by the Grantee’s
delivery to the Company of written notice of exercise on any business day, at the Company’s principal office, on the form specified by the Company. Such notice shall specify the number of shares of Stock with respect to which the Option is
being exercised and shall be accompanied by payment in full of the Option Price of the shares for which the Option is being exercised plus the amount (if any) of federal and/or other taxes which the Company may, in its judgment, be required to
withhold with respect to an Award. The minimum number of shares of Stock with respect to which an Option may be exercised, in whole or in part, at any time shall be the lesser of (i) 100 shares or such lesser number set forth in the applicable Award
Agreement and (ii) the maximum number of shares available for purchase under the Option at the time of exercise. 
  
 8.7.    Rights of Holders of Options 
  

Unless otherwise stated in the applicable Award Agreement, an individual holding or exercising an Option shall have none of the rights of a stockholder
(for example, the right to receive cash or dividend payments or distributions attributable to the subject shares of Stock or to direct the voting of the subject shares of Stock ) until the shares of Stock covered thereby are fully paid and issued to
him or her. Except as provided in Section 17 hereof, no adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such issuance. 
  

 8 

 8.8.    Delivery of Stock Certificates. 
  
 Promptly after the exercise of an Option by a Grantee and the payment in
full of the Option Price, such Grantee shall be entitled to the issuance of a stock certificate or certificates evidencing his or her ownership of the shares of Stock subject to the Option. Notwithstanding any other provision of this Plan to the
contrary, the Company may elect to satisfy any requirement under this Plan for the delivery of stock certificates through the use of book-entry. 
  
 8.9.    Transferability of Options 
  
 Except as provided in Section 8.10, during the lifetime of a Grantee, only the Grantee (or, in the event of legal incapacity or incompetency, the
Grantee’s guardian or legal representative) may exercise an Option. Except as provided in Section 8.10, no Option shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and
distribution. 
  
 8.10.    Family
Transfers. 
  
 If authorized in the applicable Award
Agreement, a Grantee may transfer, not for value, all or part of an Option which is not an Incentive Stock Option to any Family Member. For the purpose of this Section 8.10, a “not for value” transfer is a transfer which is (i) a
gift, (ii) a transfer under a domestic relations order in settlement of marital property rights; or (iii) a transfer to an entity in which more than fifty percent of the voting interests are owned by Family Members (or the Grantee) in exchange for
an interest in that entity. Following a transfer under this Section 8.10, any such Option shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer. Subsequent transfers of transferred
Options are prohibited except to Family Members of the original Grantee in accordance with this Section 8.10 or by will or the laws of descent and distribution. The events of termination of Service of Section 8.4 hereof shall
continue to be applied with respect to the original Grantee, following which the Option shall be exercisable by the transferee only to the extent, and for the periods specified, in Section 8.4. 
  
 9.    STOCK APPRECIATION RIGHTS 
  
 The Board is authorized to grant Stock Appreciation Rights
(“SARs”) to Grantees on the following terms and conditions: 
  
 9.1.    Right to Payment. 
  
 A SAR shall confer on the Grantee to whom it is granted a right to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share of Stock on the date of exercise over (B) the grant price of the SAR as determined by
the Board. The Award Agreement for a SAR shall specify the grant price of the SAR, which may be fixed at the Fair Market Value of a share of Stock on the date of grant or may vary in accordance with a predetermined formula while the SAR is
outstanding. A SAR granted in tandem with an outstanding Option following the Grant Date of such Option may have a grant price that is equal to the Option Price, even if such grant price is less than the Fair Market Value of a share of Stock on the
grant date of the SAR.  
  
 9.2.    Other Terms. 
  
 The
Board shall determine at the date of grant or thereafter, the time or times at which and the circumstances under which an SAR may be exercised in whole or in part (including based on achievement of performance goals and/or future service
requirements), the time or times at which SARs shall cease to be or become exercisable following termination of Service or upon other conditions, the method of exercise, method of settlement, form of consideration payable in settlement, method by or
forms in which Stock will be delivered or deemed to be delivered to Grantees, whether or not an SAR shall be in tandem or in combination with any other Award, and any other terms and conditions of any SAR. 
  

 9 

 10.    RESTRICTED STOCK AND STOCK UNITS 
  
 10.1.     Grant of Restricted Stock or Stock Units.

  
 The Board may from time to time grant Restricted Stock or
Stock Units to persons eligible to receive Awards under Section 6 hereof, subject to such restrictions, conditions and other terms, if any, as the Board may determine. Awards of Restricted Stock may be made for no consideration (other than
par value of the shares which is deemed paid by Services already rendered). 
  
 10.2.    Restrictions. 
  
 At the time a grant of Restricted Stock or Stock Units is made, the Board may, in its sole discretion, establish a period of time (a “restricted period”) applicable to such Restricted Stock or Stock Units.
Each Award of Restricted Stock or Stock Units may be subject to a different restricted period. The Board may, in its sole discretion, at the time a grant of Restricted Stock or Stock Units is made, prescribe restrictions in addition to or other than
the expiration of the restricted period, including the satisfaction of corporate or individual performance objectives, which may be applicable to all or any portion of the Restricted Stock or Stock Units in accordance with Section 14.1 and
14.2. Neither Restricted Stock nor Stock Units may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of during the restricted period or prior to the satisfaction of any other restrictions prescribed by the Board with
respect to such Restricted Stock or Stock Units. 
  
 10.3.    Restricted Stock Certificates. 
  
 The Company shall issue, in the name of each Grantee to whom Restricted Stock has been granted, stock certificates representing the total number of shares of Restricted Stock granted to the Grantee, as soon as
reasonably practicable after the Grant Date. The Board may provide in an Award Agreement that either (i) the Secretary of the Company shall hold such certificates for the Grantee’s benefit until such time as the Restricted Stock is forfeited to
the Company or the restrictions lapse, or (ii) such certificates shall be delivered to the Grantee, provided, however, that such certificates shall bear a legend or legends that comply with the applicable securities laws and
regulations and makes appropriate reference to the restrictions imposed under the Plan and the Award Agreement. 
  
 10.4.    Rights of Holders of Restricted Stock. 
  

 Unless the Board otherwise provides in an Award Agreement, holders of Restricted Stock shall have the right to vote such Stock and the
right to receive any dividends declared or paid with respect to such Stock. The Board may provide that any dividends paid on Restricted Stock must be reinvested in shares of Stock, which may or may not be subject to the same vesting conditions and
restrictions applicable to such Restricted Stock. All distributions, if any, received by a Grantee with respect to Restricted Stock as a result of any stock split, stock dividend, combination of shares, or other similar transaction shall be subject
to the restrictions applicable to the original Grant. 
  
 10.5.    Rights of Holders of Stock Units. 
  
 10.5.1.    Voting and Dividend Rights. 
  
 Unless the Board otherwise provides in an Award Agreement, holders of Stock Units shall have no rights as stockholders of the Company. The Board may
provide in an Award Agreement evidencing a grant of Stock Units that the holder of such Stock Units shall be entitled to receive, upon the Company’s payment of a cash dividend on its outstanding Stock, a cash payment for each Stock Unit held
equal to the per-share dividend paid on the Stock. Such Award Agreement may also provide that such cash payment will be deemed reinvested in additional Stock Units at a price per unit equal to the Fair Market Value of a share of Stock on the date
that such dividend is paid. 
  

 10 

 10.5.2.    Creditor’s Rights. 
  
 A holder of Stock Units shall have no rights other than those of a general
creditor of the Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Award Agreement. 
  

 10.6.    Termination of Service. 
  

 Unless the Board otherwise provides in an Award Agreement or in writing after the Award Agreement is issued, upon the termination of a
Grantee’s Service, any Restricted Stock or Stock Units held by such Grantee that have not vested, or with respect to which all applicable restrictions and conditions have not lapsed, shall immediately be deemed forfeited. Upon forfeiture of
Restricted Stock or Stock Units, the Grantee shall have no further rights with respect to such Award, including but not limited to any right to vote Restricted Stock or any right to receive dividends with respect to shares of Restricted Stock or
Stock Units. 
  
 10.7.    Purchase of
Restricted Stock. 
  
 The Grantee shall be required, to the
extent required by applicable law, to purchase the Restricted Stock from the Company at a Purchase Price equal to the greater of (i) the aggregate par value of the shares of Stock represented by such Restricted Stock or (ii) the Purchase Price, if
any, specified in the Award Agreement relating to such Restricted Stock. The Purchase Price shall be payable in a form described in Section 12 or, in the discretion of the Board, in consideration for past Services rendered to the Company or
an Affiliate. 
  
 10.8.    Delivery of
Stock. 
  
 Upon the expiration or termination of any
restricted period and the satisfaction of any other conditions prescribed by the Board, the restrictions applicable to shares of Restricted Stock or Stock Units settled in Stock shall lapse, and, unless otherwise provided in the Award Agreement, a
stock certificate for such shares shall be delivered, free of all such restrictions, to the Grantee or the Grantee’s beneficiary or estate, as the case may be. 
  
 11.    UNRESTRICTED STOCK AWARDS 
  

 The Board may, in its sole discretion, grant (or sell at par value or such other higher purchase price determined by the Board) an
Unrestricted Stock Award to any Grantee pursuant to which such Grantee may receive shares of Stock free of any restrictions (“Unrestricted Stock”) under the Plan. Unrestricted Stock Awards may be granted or sold as described in the
preceding sentence in respect of past services and other valid consideration, or in lieu of, or in addition to, any cash compensation due to such Grantee. 
  
 12.    FORM OF PAYMENT FOR OPTIONS AND RESTRICTED STOCK 
  
 12.1.    General Rule. 
  
 Payment of the Option Price for the shares purchased pursuant to the exercise of an Option or the Purchase Price for
Restricted Stock shall be made in cash or in cash equivalents acceptable to the Company. 
  
 12.2.    Surrender of Stock. 
  
 To the extent the Award Agreement so provides, payment of the Option Price for shares purchased pursuant to the exercise of an Option or the Purchase Price for Restricted Stock may be made all or in part through the
tender to the Company of shares of Stock, which shares, if acquired from the Company, shall have been held for at least six months at the time of tender and which shall be valued, for purposes of determining the extent to which the Option Price or
Purchase Price has been paid thereby, at their Fair Market Value on the date of exercise or surrender. 
  

 11 

 12.3.    Cashless Exercise. 
  
 With respect to an Option only (and not with respect to Restricted Stock),
to the extent the Award Agreement so provides and to the extent permitted by law, payment of the Option Price for shares purchased pursuant to the exercise of an Option may be made all or in part by delivery (on a form acceptable to the Board) of an
irrevocable direction to a licensed securities broker acceptable to the Company to sell shares of Stock and to deliver all or part of the sales proceeds to the Company in payment of the Option Price and any withholding taxes described in Section
18.3. 
  
 12.4.    Other Forms of
Payment. 
  
 To the extent the Award Agreement so provides,
payment of the Option Price for shares purchased pursuant to exercise of an Option or the Purchase Price for Restricted Stock may be made in any other form that is consistent with applicable laws, regulations and rules. 
  
 13.    DIVIDEND EQUIVALENT RIGHTS 
  
 13.1.    Dividend Equivalent Rights. 

 
 A Dividend Equivalent Right is an Award entitling the recipient to
receive credits based on cash distributions that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the recipient. A Dividend
Equivalent Right may be granted hereunder to any Grantee as a component of another Award or as a freestanding award. The terms and conditions of Dividend Equivalent Rights shall be specified in the grant. Dividend equivalents credited to the holder
of a Dividend Equivalent Right may be paid currently or may be deemed to be reinvested in additional shares of Stock, which may thereafter accrue additional equivalents. Any such reinvestment shall be at Fair Market Value on the date of
reinvestment. Dividend Equivalent Rights may be settled in cash or Stock or a combination thereof, in a single installment or installments, all determined in the sole discretion of the Board. A Dividend Equivalent Right granted as a component of
another Award may provide that such Dividend Equivalent Right shall be settled upon exercise, settlement, or payment of, or lapse of restrictions on, such other award, and that such Dividend Equivalent Right shall expire or be forfeited or annulled
under the same conditions as such other award. A Dividend Equivalent Right granted as a component of another Award may also contain terms and conditions different from such other award. 
  
 13.2.    Termination of Service. 
  
 Except as may otherwise be provided by the Board either in the Award Agreement or in writing after the Award Agreement is
issued, a Grantee’s rights in all Dividend Equivalent Rights or interest equivalents shall automatically terminate upon the Grantee’s termination of Service for any reason. 
  
 14.    PERFORMANCE AND ANNUAL INCENTIVE AWARDS 
  
 14.1.    Performance Conditions 
  
 The right of a Grantee to exercise or receive a grant or settlement of any Award, and the timing thereof, may be subject to
such performance conditions as may be specified by the Board. The Board may use such business criteria and other measures of performance as it may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce
the amounts payable under any Award subject to performance conditions, except as limited under Sections 14.2 hereof in the case of a Performance Award or Annual Incentive Award intended to qualify under Code Section 162(m). If and to the
extent required under Code Section 162(m), any power or authority relating to a Performance Award or Annual Incentive Award intended to qualify under Code Section 162(m), shall be exercised by the Committee and not the Board. 
  

 12 

 14.2.    Performance or Annual Incentive Awards Granted to Designated Covered
Employees 
  
 If and to the extent that the Committee
determines that a Performance or Annual Incentive Award to be granted to a Grantee who is designated by the Committee as likely to be a Covered Employee should qualify as “performance-based compensation” for purposes of Code Section
162(m), the grant, exercise and/or settlement of such Performance or Annual Incentive Award shall be contingent upon achievement of pre-established performance goals and other terms set forth in this Section 14.2. 
  
 14.2.1.    Performance Goals Generally.

  
 The performance goals for such Performance or Annual
Incentive Awards shall consist of one or more business criteria and a targeted level or levels of performance with respect to each of such criteria, as specified by the Committee consistent with this Section 14.2. Performance goals shall be
objective and shall otherwise meet the requirements of Code Section 162(m) and regulations thereunder including the requirement that the level or levels of performance targeted by the Committee result in the achievement of performance goals being
“substantially uncertain.” The Committee may determine that such Performance or Annual Incentive Awards shall be granted, exercised and/or settled upon achievement of any one performance goal or that two or more of the performance goals
must be achieved as a condition to grant, exercise and/or settlement of such Performance or Annual Incentive Awards. Performance goals may differ for Performance or Annual Incentive Awards granted to any one Grantee or to different Grantees.

  
 14.2.2.    Business Criteria.

  
 One or more of the following business criteria for the
Company, on a consolidated basis, and/or specified subsidiaries or business units of the Company (except with respect to the total stockholder return and earnings per share criteria), shall be used exclusively by the Committee in establishing
performance goals for such Performance or Annual Incentive Awards: (1) total stockholder return; (2) such total stockholder return as compared to total return (on a comparable basis) of a publicly available index such as, but not limited to, the
Standard & Poor’s 500 Stock Index; (3) net income; (4) pretax earnings; (5) earnings before interest expense, taxes, depreciation and amortization; (6) pretax operating earnings after interest expense and before bonuses, service fees, and
extraordinary or special items; (7) operating margin; (8) earnings per share; (9) return on equity; (10) return on capital; (11) return on investment; (12) operating earnings; (13) working capital; (14) ratio of debt to stockholders’ equity,
(15) revenue, (16) cash flow, (17) profit before interest and taxes (18) clinical and product developments or regulatory milestones and (19) geographical expansion.  
  
 14.2.3.    Timing For Establishing Performance Goals. 
  
 Performance goals shall be established not later than 90 days after the
beginning of any performance period applicable to such Performance or Annual Incentive Awards, or at such other date as may be required or permitted for “performance-based compensation” under Code Section 162(m). 
  
 14.2.4.    Performance or Annual Incentive Award Pool.

  
 The Committee may establish a Performance or Annual
Incentive Award pool, which shall be an unfunded pool, for purposes of measuring Company performance in connection with Performance or Annual Incentive Awards. 
  

14.2.5.    Settlement of Performance or Annual Incentive Awards; Other Terms. 
  
 Settlement of such Performance or Annual Incentive Awards shall be in cash,
Stock, other Awards or other property, in the discretion of the Committee. The Committee may, in its discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance or Annual Incentive Awards. The 

  

 13 

 
Committee shall specify the circumstances in which such Performance or Annual Incentive Awards shall be paid or forfeited in the event of termination of
Service by the Grantee prior to the end of a performance period or settlement of Performance Awards. 
  
 14.3.    Written Determinations. 
  
 All determinations by the Committee as to the establishment of performance goals, the amount of any Performance Award pool or potential individual
Performance Awards and as to the achievement of performance goals relating to Performance Awards, and the amount of any Annual Incentive Award pool or potential individual Annual Incentive Awards and the amount of final Annual Incentive Awards,
shall be made in writing in the case of any Award intended to qualify under Code Section 162(m). To the extent required to comply with Code Section 162(m), the Committee may delegate any responsibility relating to such Performance Awards or Annual
Incentive Awards. 
  
 14.4.    Status of
Section 14.2 Awards Under Code Section 162(m) 
  
 It is the
intent of the Company that Performance Awards and Annual Incentive Awards under Section 14.2 hereof granted to persons who are designated by the Committee as likely to be Covered Employees within the meaning of Code Section 162(m) and
regulations thereunder shall, if so designated by the Committee, constitute “qualified performance-based compensation” within the meaning of Code Section 162(m) and regulations thereunder. Accordingly, the terms of Section 14.2,
including the definitions of Covered Employee and other terms used therein, shall be interpreted in a manner consistent with Code Section 162(m) and regulations thereunder. The foregoing notwithstanding, because the Committee cannot determine with
certainty whether a given Grantee will be a Covered Employee with respect to a fiscal year that has not yet been completed, the term Covered Employee as used herein shall mean only a person designated by the Committee, at the time of grant of
Performance Awards or an Annual Incentive Award, as likely to be a Covered Employee with respect to that fiscal year. If any provision of the Plan or any agreement relating to such Performance Awards or Annual Incentive Awards does not comply or is
inconsistent with the requirements of Code Section 162(m) or regulations thereunder, such provision shall be construed or deemed amended to the extent necessary to conform to such requirements. 
  
 15.    PARACHUTE LIMITATIONS 
  
 Notwithstanding any other provision of this Plan or of any other agreement,
contract, or understanding heretofore or hereafter entered into by a Grantee with the Company or any Affiliate, except an agreement, contract, or understanding hereafter entered into that expressly modifies or excludes application of this paragraph
(an “Other Agreement”), and notwithstanding any formal or informal plan or other arrangement for the direct or indirect provision of compensation to the Grantee (including groups or classes of Grantees or beneficiaries of which the Grantee
is a member), whether or not such compensation is deferred, is in cash, or is in the form of a benefit to or for the Grantee (a “Benefit Arrangement”), if the Grantee is a “disqualified individual,” as defined in Section 280G(c)
of the Code, any Option, Restricted Stock or Stock Unit held by that Grantee and any right to receive any payment or other benefit under this Plan shall not become exercisable or vested (i) to the extent that such right to exercise, vesting,
payment, or benefit, taking into account all other rights, payments, or benefits to or for the Grantee under this Plan, all Other Agreements, and all Benefit Arrangements, would cause any payment or benefit to the Grantee under this Plan to be
considered a “parachute payment” within the meaning of Section 280G(b)(2) of the Code as then in effect (a “Parachute Payment”) and (ii) if, as a result of receiving a Parachute Payment, the aggregate after-tax amounts
received by the Grantee from the Company under this Plan, all Other Agreements, and all Benefit Arrangements would be less than the maximum after-tax amount that could be received by the Grantee without causing any such payment or benefit to be
considered a Parachute Payment. In the event that the receipt of any such right to exercise, vesting, payment, or benefit under this Plan, in conjunction with all other rights, payments, or benefits to or for the Grantee under any Other Agreement or
any Benefit Arrangement would cause the Grantee to be considered to have received a Parachute Payment under this 

  

 14 

 
Plan that would have the effect of decreasing the after-tax amount received by the Grantee as described in clause (ii) of the preceding sentence, then the
Grantee shall have the right, in the Grantee’s sole discretion, to designate those rights, payments, or benefits under this Plan, any Other Agreements, and any Benefit Arrangements that should be reduced or eliminated so as to avoid having the
payment or benefit to the Grantee under this Plan be deemed to be a Parachute Payment. 
  
 16.    REQUIREMENTS OF LAW 
  
 16.1.    General. 
  
 The
Company shall not be required to sell or issue any shares of Stock under any Award if the sale or issuance of such shares would constitute a violation by the Grantee, any other individual exercising an Option, or the Company of any provision of any
law or regulation of any governmental authority, including without limitation any federal or state securities laws or regulations. If at any time the Company shall determine, in its discretion, that the listing, registration or qualification of any
shares subject to an Award upon any securities exchange or under any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance or purchase of shares hereunder, no shares of Stock may be issued or
sold to the Grantee or any other individual exercising an Option pursuant to such Award unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company,
and any delay caused thereby shall in no way affect the date of termination of the Award. Specifically, in connection with the Securities Act, upon the exercise of any Option or the delivery of any shares of Stock underlying an Award, unless a
registration statement under such Act is in effect with respect to the shares of Stock covered by such Award, the Company shall not be required to sell or issue such shares unless the Board has received evidence satisfactory to it that the Grantee
or any other individual exercising an Option may acquire such shares pursuant to an exemption from registration under the Securities Act. Any determination in this connection by the Board shall be final, binding, and conclusive. The Company may, but
shall in no event be obligated to, register any securities covered hereby pursuant to the Securities Act. The Company shall not be obligated to take any affirmative action in order to cause the exercise of an Option or the issuance of shares of
Stock pursuant to the Plan to comply with any law or regulation of any governmental authority. As to any jurisdiction that expressly imposes the requirement that an Option shall not be exercisable until the shares of Stock covered by such Option are
registered or are exempt from registration, the exercise of such Option (under circumstances in which the laws of such jurisdiction apply) shall be deemed conditioned upon the effectiveness of such registration or the availability of such an
exemption. 
  
 16.2.    Rule 16b-3. 

  
 During any time when the Company has a class of equity
security registered under Section 12 of the Exchange Act, it is the intent of the Company that Awards pursuant to the Plan and the exercise of Options granted hereunder will qualify for the exemption provided by Rule 16b-3 under the Exchange Act. To
the extent that any provision of the Plan or action by the Board does not comply with the requirements of Rule 16b-3, it shall be deemed inoperative to the extent permitted by law and deemed advisable by the Board, and shall not affect the validity
of the Plan. In the event that Rule 16b-3 is revised or replaced, the Board may exercise its discretion to modify this Plan in any respect necessary to satisfy the requirements of, or to take advantage of any features of, the revised exemption or
its replacement. 
  
 17.    EFFECT OF CHANGES IN
CAPITALIZATION 
  
 17.1.    Changes in
Stock. 
  
 If the number of outstanding shares of Stock is
increased or decreased or the shares of Stock are changed into or exchanged for a different number or kind of shares or other securities of the Company on account of any recapitalization, reclassification, stock split, reverse split, combination of
shares, exchange of shares, stock dividend or other distribution payable in capital stock, or other increase or decrease in such shares effected 

  

 15 

 
without receipt of consideration by the Company occurring after the Effective Date, the number and kinds of shares for which grants of Options and other
Awards may be made under the Plan shall be adjusted proportionately and accordingly by the Company. In addition, the number and kind of shares for which Awards are outstanding shall be adjusted proportionately and accordingly so that the
proportionate interest of the Grantee immediately following such event shall, to the extent practicable, be the same as immediately before such event. Any such adjustment in outstanding Options or SARs shall not change the aggregate Option Price or
SAR Exercise Price payable with respect to shares that are subject to the unexercised portion of an outstanding Option or SAR, as applicable, but shall include a corresponding proportionate adjustment in the Option Price or SAR Exercise Price per
share. The conversion of any convertible securities of the Company shall not be treated as an increase in shares effected without receipt of consideration. Notwithstanding the foregoing, in the event of any distribution to the Company’s
stockholders of securities of any other entity or other assets without receipt of consideration by the Company, the Company may, in such manner as the Company deems appropriate, adjust (i) the number and kind of shares subject to outstanding Awards
and/or (ii) the exercise price of outstanding Options and Stock Appreciation Rights to reflect such distribution. 
  
 17.2.    Reorganization in Which the Company Is the Surviving Entity Which does not Constitute a Corporate
Transaction. 
  
 Subject to Section 17.3 hereof, if
the Company shall be the surviving entity in any reorganization, merger, or consolidation of the Company with one or more other entities which does not constitute a Corporate Transaction, any Option or SAR theretofore granted pursuant to the Plan
shall pertain to and apply to the securities to which a holder of the number of shares of Stock subject to such Option or SAR would have been entitled immediately following such reorganization, merger, or consolidation, with a corresponding
proportionate adjustment of the Option Price or SAR Exercise Price per share so that the aggregate Option Price or SAR Exercise Price thereafter shall be the same as the aggregate Option Price or SAR Exercise Price of the shares remaining subject to
the Option or SAR immediately prior to such reorganization, merger, or consolidation. Subject to any contrary language in an Award Agreement evidencing an Award, any restrictions applicable to such Award shall apply as well to any replacement shares
received by the Grantee as a result of the reorganization, merger or consolidation. In the event of a transaction described in this Section 17.2, Stock Units shall be adjusted so as to apply to the securities that a holder of the number of
shares of Stock subject to the Stock Units would have been entitled to receive immediately following such transaction. 
  
 17.3.    Corporate Transaction. 
  
 Subject to the exceptions set forth in the last sentence of this Section 17.3 and the last sentence of Section 17.4: 
  
 (i) upon the occurrence of a Corporate Transaction, all
outstanding shares of Restricted Stock and all Stock Units shall be deemed to have vested, and all restrictions and conditions applicable to such shares of Restricted Stock shall be deemed to have lapsed and the shares of stock subject to such Stock
Units shall be delivered, immediately prior to the occurrence of such Corporate Transaction, and 
  
 (ii) either of the following two actions shall be taken: 
  

 (A) fifteen days prior to the scheduled consummation of a Corporate Transaction, all Options and SARs outstanding hereunder
shall become immediately exercisable and shall remain exercisable for a period of fifteen days, or 
  
 (B) the Board may elect, in its sole discretion, to cancel any outstanding Awards of Options, Restricted Stock, Stock Units and/or SARs
and pay or deliver, or cause to be paid or delivered, to the holder thereof an amount in cash or securities having a value (as determined by the Board acting in good faith), in the case of Restricted Stock or Stock Units, equal to the formula or
fixed price per share paid to holders of shares of Stock and, in the case of Options or SARs, equal to the product of the number of shares of Stock subject to the Option or SAR (the “Award Shares”) multiplied by the 

  

 16 

 
amount, if any, by which (I) the formula or fixed price per share paid to holders of shares of Stock pursuant to such transaction exceeds (II) the Option
Price or SAR Exercise Price applicable to such Award Shares. 
  
 With respect to the Company’s establishment of an exercise window, (i) any exercise of an Option or SAR during such fifteen-day period shall be conditioned upon the consummation of the event and shall be effective only immediately
before the consummation of the event, and (ii) upon consummation of any Corporate Transaction the Plan, and all outstanding but unexercised Options and SARs shall terminate. The Board shall send written notice of an event that will result in such a
termination to all individuals who hold Options and SARs not later than the time at which the Company gives notice thereof to its stockholders. 
  
 This Section 17.3 shall not apply to any Corporate Transaction to the extent that provision is made in writing in connection with such Corporate
Transaction for the assumption or continuation of the Options, SARs, Restricted Stock and Stock Units theretofore granted, or for the substitution for such Options, SARs, Restricted Stock and Stock Units for new common stock options and stock
appreciation rights and new common stock restricted stock and stock units relating to the stock of a successor entity, or a parent or subsidiary thereof, with appropriate adjustments as to the number of shares (disregarding any consideration that is
not common stock) and option and stock appreciation right exercise prices, in which event the Plan, Options, SARs, Restricted Stock and Stock Units theretofore granted shall continue in the manner and under the terms so provided. 
  
 17.4.    Adjustments. 
  
 Adjustments under this Section 17 related to shares of Stock or
securities of the Company shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. No fractional shares or other securities shall be issued pursuant to any such adjustment, and any fractions resulting
from any such adjustment shall be eliminated in each case by rounding downward to the nearest whole share. The Board shall determine the effect of a Corporate Transaction upon Awards other than Options, SARs, and Restricted Stock, and such effect
shall be set forth in the appropriate Award Agreement. The Board may provide in the Award Agreements at the time of grant, or any time thereafter with the consent of the Grantee, for different provisions to apply to an Award in place of those
described in Sections 17.1, 17.2 and 17.3. 
  
 17.5.    No Limitations on Company. 
  
 The making of Awards pursuant to the Plan shall not affect or limit in any way the right or power of the Company to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure
or to merge, consolidate, dissolve, or liquidate, or to sell or transfer all or any part of its business or assets. 
  
 18.    GENERAL PROVISIONS 
  
 18.1.    Disclaimer of Rights 
  
 No provision in the Plan or in any Award or Award Agreement shall be construed to confer upon any individual the right to remain in the employ or service
of the Company or any Affiliate, or to interfere in any way with any contractual or other right or authority of the Company either to increase or decrease the compensation or other payments to any individual at any time, or to terminate any
employment or other relationship between any individual and the Company. In addition, notwithstanding anything contained in the Plan to the contrary, unless otherwise stated in the applicable Award Agreement, no Award granted under the Plan shall be
affected by any change of duties or position of the Grantee, so long as such Grantee continues to be a director, officer, consultant or employee of the Company or an Affiliate. The obligation of the Company to pay any benefits pursuant to this Plan
shall be interpreted as a contractual obligation to pay only those amounts described herein, in the manner and under the conditions prescribed herein. The Plan shall in no way be interpreted to require the Company to transfer any amounts to a third
party trustee or otherwise hold any amounts in trust or escrow for payment to any Grantee or beneficiary under the terms of the Plan. 
  

 17 

 18.2.    Nonexclusivity of the Plan 
  
 Neither the adoption of the Plan nor the submission of the Plan to the
stockholders of the Company for approval shall be construed as creating any limitations upon the right and authority of the Board to adopt such other incentive compensation arrangements (which arrangements may be applicable either generally to a
class or classes of individuals or specifically to a particular individual or particular individuals) as the Board in its discretion determines desirable, including, without limitation, the granting of stock options otherwise than under the Plan.

  
 18.3.    Withholding Taxes

  
 The Company or an Affiliate, as the case may be, shall
have the right to deduct from payments of any kind otherwise due to a Grantee any federal, state, or local taxes of any kind required by law to be withheld with respect to the vesting of or other lapse of restrictions applicable to an Award or upon
the issuance of any shares of Stock upon the exercise of an Option or pursuant to an Award. At the time of such vesting, lapse, or exercise, the Grantee shall pay to the Company or the Affiliate, as the case may be, any amount that the Company or
the Affiliate may reasonably determine to be necessary to satisfy such withholding obligation. Subject to the prior approval of the Company or the Affiliate, which may be withheld by the Company or the Affiliate, as the case may be, in its sole
discretion, the Grantee may elect to satisfy such obligations, in whole or in part, (i) by causing the Company or the Affiliate to withhold shares of Stock otherwise issuable to the Grantee or (ii) by delivering to the Company or the Affiliate
shares of Stock already owned by the Grantee. The shares of Stock so delivered or withheld shall have an aggregate Fair Market Value equal to such withholding obligations. The Fair Market Value of the shares of Stock used to satisfy such withholding
obligation shall be determined by the Company or the Affiliate as of the date that the amount of tax to be withheld is to be determined. A Grantee who has made an election pursuant to this Section 18.3 may satisfy his or her withholding
obligation only with shares of Stock that are not subject to any repurchase, forfeiture, unfulfilled vesting, or other similar requirements. 
  
 18.4.    Captions 
  
 The use of captions in this Plan or any Award Agreement is for the convenience of reference only and shall not affect the meaning of any provision of the
Plan or such Award Agreement. 
  
 18.5.    Other Provisions 
  
 Each Award granted under the Plan may contain such other terms and conditions not inconsistent with the Plan as may be determined by the Board, in its sole discretion. 
  
 18.6.    Number and Gender 
  
 With respect to words used in this Plan, the singular form shall include the plural form, the masculine gender shall include
the feminine gender, etc., as the context requires. 
  
 18.7.    Severability 
  
 If
any provision of the Plan or any Award Agreement shall be determined to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their
terms, and all provisions shall remain enforceable in any other jurisdiction. 
  
 18.8.    Governing Law 
  
 The validity and construction of this Plan and the instruments evidencing the Award hereunder shall be governed by the laws of the State of Delaware, other than any conflicts or choice of law rule or principle that
might otherwise refer construction or interpretation of this Plan and the instruments evidencing the Awards granted hereunder to the substantive laws of any other jurisdiction. 
  

 18SHARE EXCHANGE AGREEMENT

                                      AMONG

                             UNIVERSAL TRAVEL GROUP

               SHENZHEN YU ZHI LU AVIATION SERVICE COMPANY LIMITED

          TIANJIN GOLDEN DRAGON INTERNATIONAL TRAVEL SERVICE CO., LTD.

                                       AND

                                THE SHAREHOLDERS
                                       OF

          TIANJIN GOLDEN DRAGON INTERNATIONAL TRAVEL SERVICE CO., LTD.

                              LISTED ON SCHEDULE 1

                                   DATED AS OF

                                October 17, 2007

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

                         INDEX OF SCHEDULES AND EXHIBITS

Exhibits:

A. Certain Definitions

B. Form of Promissory Note

Schedules:

1.    Shareholders of Tianjin Golden Dragon International Travel Service Co.,
      Ltd.

2.    Tianjin Golden Dragon International Travel Service Co., Ltd. Disclosure
      Schedule

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

                             SHARE EXCHAGE AGREEMENT

This Share Exchange Agreement (the "Agreement") dated as of October 17, 2007, is
entered into by and among Universal Travel Group, a Nevada corporation ("UTVG"),
Shenzhen Yu Zhi Lu Aviation Service Company Limited, an indirect wholly own
subsidiary of UTVG ("YZL"), Tianjin Golden Dragon International Travel Service
Co., Ltd., a Tianjin Corporation in China ("TGD"), and the shareholders of TGD
listed on Schedule 1 to this Agreement (each, a "Shareholder" and, collectively,
the "Shareholders").

<PAGE>

                                    RECITALS

A. Each of the Shareholders owns the percentage of the outstanding shares of TGD
(the "Shares") set forth opposite his name on Schedule 1, which Shares
collectively constitute 90% of the outstanding shares of TGD.

B. YZL is an indirect wholly owned subsidiary of UTVG. YZL desires to purchase
from the Shareholders, and the Shareholders desire to sell to YZL the Shares in
exchange for shares of UTVG Common Stock, and a promissory note of UTVG in the
aggregate principal amount of $3,600,000, all on the terms and subject to the
conditions set forth in this Agreement (the "Exchange").

C. As a result of the Exchange, YZL will become the sole shareholder of TGD.
UTVG will indirectly own TGD.

D. Certain capitalized terms used in this Agreement are defined on Exhibit A.

                                    AGREEMENT

In consideration of the agreements, provisions and covenants set forth below,
UTVG, YZL, the Shareholders and TGD, hereby agree as follows:

                                   ARTICLE I.
                               EXCHANGE OF SHARES

1.1   AGREEMENT TO SELL.

Upon the terms and subject to all of the conditions contained herein, each of
the Shareholders hereby agrees to sell, assign, transfer and deliver to YZL, and
YZL hereby agrees to purchase and accept from each of the Shareholders, on the
Closing Date, the Shares.

1.2   PURCHASE PRICE.

As full consideration for the sale, assignment, transfer and delivery of the
Shares by the Shareholders to YZL, and upon the terms and subject to all of the
conditions contained herein, UTVG shall issue to the Shareholders an aggregate
of 1,053,800 shares of UTVG Common Stock (the "Acquisition Shares") and deliver
to each of the Shareholders promissory notes of UTVG in the aggregate principal
amount of $3,600,000 in the form of Exhibit B attached hereto (the "Cash
Component"). The parties understand and acknowledge that such exchange is based
upon a valuation of TGD at US $7,889,000.

1.3   MECHANICS OF EXCHANGE.

(a) At the Closing, each Shareholder shall surrender the certificate or
certificates that immediately prior to the Closing represented the Shares (the
"Certificates") to the exchange agent designated by YZL, duly executed by such
Shareholder for transfer to YZL, in exchange for the Acquisition Shares and the
Cash Component.

(b) At the Closing YZL shall deliver, or cause to be delivered, to each
Shareholder a promissory note representing such portion of the Cash Component
due such Shareholder and promptly after the Closing shall cause to be delivered
to each Shareholder the portion of the Acquisition Shares due to such
Shareholder.

<PAGE>

1.4   NO FRACTIONAL SHARES.

No fraction of a share of UTVG Common Stock shall be issued to either
Shareholder. In lieu of fractional shares, the Shareholders upon surrender of
their Certificates as set forth in Section 1.3 shall be paid an amount in cash,
without interest, rounded to the nearest cent, determined by multiplying the
fractional interest to which such Shareholder would otherwise be entitled by
$4.07, the UTVG stock price agreed to by all parties.

1.5   CLOSING.

The closing of the transactions contemplated by this Agreement (the "Closing")
shall take place in Shennan Middle Rd., Hualian Center Room 405, Shenzhen City,
PR of China, on or about December 1st, 2007, (the "Closing Date"); provided,
however, that if all of the other conditions set forth in Articles VI and VII
hereof are not satisfied or waived at such date, unless this agreement has been
terminated under Section 9 hereof, the Closing Date shall be the business day
following the day on which all such conditions have been satisfied or waived, or
at such other date, time and place as UTVG, YZL, TGD, and the Shareholders shall
agree.

                                   ARTICLE II.
                      REPRESENTATIONS AND WARRANTIES OF TGD

Except as set forth in the Disclosure Schedule attached hereto provided by TGD
(the "TGD Disclosure Schedule"), the parts of which are numbered to correspond
to the section numbers of this Agreement, each of TGD and the Shareholders,
jointly and severally, represents and warrants to UTVG and YZL as follows:

2.1   ORGANIZATION AND QUALIFICATION.

TGD is duly incorporated, validly and in good standing existing under the laws
of China, has all requisite authority and power (corporate and other),
governmental licenses, authorizations, consents and approvals to carry on its
business as presently conducted and as contemplated to be conducted, to own,
hold and operate its properties and assets as now owned, held and operated by
it, to enter into this Agreement, to carry out the provisions hereof, except for
such failures to be in good standing or to have such governmental licenses,
authorizations, consents and approvals as will not, in the aggregate, either (i)
have a Material Adverse Effect on TGD, or (ii) impair the ability of TGD to
perform its material obligations under this Agreement. TGD duly qualified,
licensed or domesticated as a foreign corporation in good standing in each
jurisdiction wherein the nature of its activities or its properties owned or
leased requires such qualification, licensing or domestication, except where the
failure to be so qualified, licensed or domesticated will not have a Material
Adverse Effect on TGD. Set forth on Part 2.1 of the TGD Disclosure Schedule is a
list of those jurisdictions in which TGD presently conducts its business, owns,
holds and operates its properties and assets.

2.2   SUBSIDIARIES.

TGD does not own directly or indirectly, any equity or other ownership interest
in any corporation, partnership, joint venture or other entity or enterprise.
TGD does not have any direct or indirect interests of stock ownership or
otherwise in any corporation, partnership, joint venture, firm, association or
business enterprise, and is not party to any agreement to acquire such an
interest.

2.3   ARTICLES OF INCORPORATION AND BYLAWS.

The copies of the Articles of Incorporation and bylaws of TGD (collectively, the
"Organizational Documents") that have been delivered to UTVG and YZL prior to
the execution of this Agreement are true and complete and have not been amended
or repealed. TGD is not in violation or breach of any of the provisions of the
Organizational Documents, except for such violations or breaches which, in the
aggregate, will not have a Material Adverse Effect on TGD.

<PAGE>

2.4   AUTHORIZATION AND VALIDITY OF THIS AGREEMENT.

This Agreement and each of the Transaction Agreements constitute the legal,
valid and binding obligation of TGD and each of the Shareholders, enforceable
against each of them in accordance with its terms, except as such enforcement is
limited by general equitable principles, or by bankruptcy, insolvency and other
similar laws affecting the enforcement of creditors rights generally. Each of
the Shareholders and TGD has all requisite legal capacity to execute and deliver
this Agreement and the Transaction Agreements to which he, she or it is a party,
and to perform its, his or her obligations hereunder and thereunder. The
execution and delivery by TGD and each Shareholder of this Agreement and the
Transaction Agreements (to the extent either is a party thereto), and the
consummation of the transactions contemplated herein and therein (the
"Transactions") have been authorized by all necessary corporate or other action
on the part of TGD and each of the Shareholders. This Agreement and the
Transaction Agreements have been duly executed and delivered by each of the
Shareholders and TGD.

2.5   NO VIOLATION.

Neither the execution nor delivery of this Agreement or the Transaction
Agreements, nor the consummation or performance of any of the Transactions by
TGD or the Shareholders will directly or indirectly:

(i) violate or conflict with any provision of the Organizational Documents of
TGD; (B) result in (with or without notice or lapse of time) a violation or
breach of, or conflict with or constitute a default under or result in the
termination or in a right of termination or cancellation of, or accelerate the
performance required by, or require notice under, any agreement, promissory
note, lease, instrument or arrangement to which TGD or any of its assets are
bound or result in the creation of any Liens upon TGD or any of its assets; (C)
violate any order, writ, judgment, injunction, ruling, award or decree of any
Governmental Body; ("Governmental Body"); (D) violate any statute, law or
regulation of any jurisdiction that relates to the Shareholders, TGD or any of
the assets of TGD; or (E) result in the cancellation, modification, revocation
or suspension of any permits, licenses, registrations, consents, approvals,
authorizations or certificates issued or granted by any Governmental Body which
are held by or granted to the Shareholders or TGD, or which are necessary for
the conduct of TGD's business; or

(ii) to the knowledge of TGD or any of the Shareholders, cause TGD to become
subject to, or to become liable for the payment of, any Tax (as hereinafter
defined) or cause any of the assets owned by TGD to be reassessed or revalued by
any taxing authority or other Governmental Body.

None of TGD or the Shareholders is or will be required to give any notice to or
obtain any approval, consent, ratification, waiver or other authorization (a
"Consent") from any person or entity (including, without limitation, any
Governmental Body) in connection with (i) the execution and delivery of this
Agreement or any of the Transaction Agreements, or (ii) the consummation or
performance of any of the Transactions.

2.6   CAPITALIZATION AND RELATED MATTERS.

(a) Capitalization. The registered capital amount of TGD is USD$2,640,000, which
equals 100% ownership percentage of TGD. Except as set forth in the preceding
sentence, no other class of capital stock or other security of TGD is
authorized, issued, reserved for issuance or outstanding. The Shareholders, as
of the Closing Date, are the lawful, record and beneficial owners of the TGD
Ownership Stock set forth opposite each Seller's name on Schedule 1 attached
hereto Xuetian Yuan and Jinwei Chen, as of the Closing Date, are the lawful,
record and beneficial owners of the total ownership interest of TGD. The
Shareholders have, as of the date hereof and as of the Closing Date, valid and
marketable title to their respective ownership interest of TGD, free and clear
of all Liens (including, without limitation, any claims of spouses under
applicable community property laws) and are the lawful, record and beneficial
owners of all of the outstanding shares of capital stock of TGD. Except as is

<PAGE>

issued to and held by the Shareholders or TGD, no other class of capital stock
or other security of TGD, as applicable, is authorized, issued, reserved for
issuance or outstanding. At the Closing, UTVG will be vested with good and
marketable title to the ownership of 90% of the outstanding shares of capital
stock of TGD, free and clear of all Liens (including, without limitation, any
claims of spouses under applicable community property laws). No legend or other
reference to any purported Lien appears upon any certificate representing the
Shares. Each of the outstanding shares of TGD has been duly authorized and
validly issued and is fully paid and nonassessable. None of the outstanding
capital or other securities of TGD was issued, redeemed or repurchased in
violation of the Securities Act of 1933, as amended (the "Securities Act"), or
any other securities or "blue sky" laws.

(b) No Redemption Requirements. There are no authorized or outstanding options,
warrants, equity securities, calls, rights, commitments or agreements of any
character by which TGD or any of the Shareholders is obligated to issue, deliver
or sell, or cause to be issued, delivered or sold, any shares of capital stock
or other securities of TGD. There are no outstanding contractual obligations
(contingent or otherwise) of TGD to retire, repurchase, redeem or otherwise
acquire any outstanding shares of capital stock of, or other ownership interests
in, TGD or to provide funds to or make any investment (in the form of a loan,
capital contribution or otherwise) in any other entity.

2.7   COMPLIANCE WITH LAWS AND OTHER INSTRUMENTS.

Except as would not have a Material Adverse Effect, the business and operations
of TGD have been and are being conducted in accordance with all applicable
foreign, federal, provincial and local laws, rules and regulations and all
applicable orders, injunctions, decrees, writs, judgments, determinations and
awards of all courts and governmental agencies and instrumentalities. There are
no permits, bonuses, registrations, consents, approvals, authorizations,
certificates, or any waiver of the foregoing, which are required to be issued or
granted by a Governmental Body for the conduct of the business of TGD as
presently conducted (the "Business") or the ownership of the assets of TGD.
Except as would not have a Material Adverse Effect, TGD is not, and has not
received notice alleging that it is, in violation of, or (with or without notice
or lapse of time or both) in default under, or in breach of, any term or
provision of the Organizational Documents or of any indenture, loan or credit
agreement, note, deed of trust, mortgage, security agreement or other material
agreement, lease, license or other instrument, commitment, obligation or
arrangement to which TGD is a party or by which any of TGD's properties, assets
or rights are bound or affected. To the knowledge of TGD, no other party to any
material contract, agreement, lease, license, commitment, instrument or other
obligation to which TGD is a party is (with or without notice or lapse of time
or both) in default thereunder or in breach of any term thereof. TGD is not
subject to any obligation or restriction of any kind or character, nor is there,
to the knowledge of TGD, any event or circumstance relating to TGD that
materially and adversely affects in any way its business, properties, assets or
prospects or that prohibits TGD from entering into this Agreement and the
Transaction Agreements or would prevent or make burdensome its performance of or
compliance with all or any part of this Agreement, the Transaction Agreements or
the consummation of the Transactions contemplated hereby or thereby.

2.8   CERTAIN PROCEEDINGS.

There is no outstanding or pending proceeding that has been commenced against or
involving TGD or any of its assets and, to the knowledge of TGD and the
Shareholders, no matters of the foregoing nature are contemplated or threatened.
None of TGD or the Shareholders have been charged with, and none are threatened
with or subject to, any investigation with respect to, any allegation concerning
any violation of any provision of any federal, provincial, local or foreign law,
regulation, ordinance, order or administrative ruling, and neither TGD or either
of the Shareholders is in default with respect to any order, writ, injunction or
decree of any Governmental Body.

<PAGE>

2.9   NO BROKERS OR FINDERS.

None of TGD, the Shareholders, or any officer, director, independent contractor,
consultant, agent or employee of TGD has agreed to pay, or has taken any action
that will result in any person or entity becoming obligated to pay or entitled
to receive, any investment banking, brokerage, finder's or similar fee or
commission in connection with this Agreement or the Transactions. TGD and the
Shareholders shall jointly and severally indemnify and hold UTVG harmless
against any liability or expense arising out of, or in connection with, any such
claim.

2.10  TITLE TO AND CONDITION OF PROPERTIES.

TGD has good, valid and marketable title to all of its properties and assets
(whether real, personal or mixed, and whether tangible or intangible) reflected
as owned in its books and records, free and clear of all Liens. TGD owns or
holds under valid leases or other rights to use all real property, plants,
machinery, equipment and all assets necessary for the conduct of its business as
presently conducted, except where the failure to own or hold such property,
plants, machinery, equipment and assets would not have a Material Adverse Effect
on TGD. No Person other than TGD owns or has any right to the use or possession
of the assets used in TGD's business. The material buildings, plants, machinery
and equipment necessary for the conduct of the business of TGD as presently
conducted are structurally sound, are in good operating condition and repair and
are adequate for the uses to which they are being put or would be put in the
Ordinary Course of Business, in each case, taken as a whole, and none of such
buildings, plants, machinery or equipment is in need of maintenance or repairs,
except for ordinary, routine maintenance and repairs that are not material in
nature or cost.

2.11  ABSENCE OF UNDISCLOSED LIABILITIES.

TGD has no debt, obligation or liability (whether accrued, absolute, contingent,
liquidated or otherwise, whether asserted or unasserted, whether due or to
become due, whether or not known to TGD) arising out of any transaction entered
into prior to the Closing Date or any act or omission prior to the Closing Date
which individually or taken together would constitute a Material Adverse Effect
on TGD and have no debt, obligation or liability to each other or any of the
Shareholders or their affiliates, except to the extent specifically set forth on
or reserved against on the balance sheet of TGD dated December 31st, 2006, a
copy of which has been provided to UTVG (the "Balance Sheet").

The financial statements are consistent with the books and records of TGD and
fairly present in all material respects the financial condition, assets and
liabilities of TGD, as applicable, taken as a whole, as of the dates and periods
indicated, and were prepared in accordance with GAAP (except as otherwise
indicated therein or in the notes thereto).

2.12  CHANGES.

TGD has not, since the date of the Balance Sheet:

(a) Ordinary Course of Business. Conducted its business or entered into any
transaction other than in the Ordinary Course of Business, except for this
Agreement.

(b) Adverse Changes. Suffered or experienced any change in, or affecting, its
condition (financial or otherwise), properties, assets, liabilities, business,
operations, results of operations or prospects which would have a Material
Adverse Effect;

(c) Loans. Made any loans or advances to any Person other than travel advances
and reimbursement of expenses made to employees, officers and directors in the
Ordinary Course of Business;

(d) Compensation and Bonuses. Made any payments of any bonuses or compensation
other than regular salary payments, or increase in the salaries, or payment on
any of its debts in the Ordinary Course of Business, to any of its shareholders,

<PAGE>

directors, officers, employees, independent contractors or consultants or
entered into any employment, severance, or similar contract with any director,
officer, or employee, independent contractor or consultant; adopted, or
increased the payments to or benefits under, any profit sharing, bonus, deferred
compensation, savings, insurance, pension, retirement, or other employee benefit
plan for or with any of its employees;

(e) Liens. Created or permitted to exist any Lien on any of its properties or
assets other than Permitted Liens;

(f) Capital Stock. Issued, sold, disposed of or encumbered, or authorized the
issuance, sale, disposition or encumbrance of, or granted or issued any option
to acquire any shares of its capital stock or any other of its securities or any
Equity Security, or altered the term of any of its outstanding securities or
made any change in its outstanding shares of capital stock or its
capitalization, whether by reason of reclassification, recapitalization, stock
split, combination, exchange or readjustment of shares, stock dividend or
otherwise; changed its authorized or issued capital stock; granted any stock
option or right to purchase shares of its capital stock; issued any security
convertible into any of its capital stock; granted any registration rights with
respect to shares of its capital stock; purchased, redeemed, retired, or
otherwise acquired any shares of its capital stock; declared or paid any
dividend or other distribution or payment in respect of shares of capital stock
of any other entity;

(g) Dividends. Declared, set aside, made or paid any dividend or other
distribution to any of its shareholders;

(h) Material Contracts. Terminated or modified any of its Material Contracts
except for termination upon expiration in accordance with the terms of such
agreements, a description of which is included in the TGD's Disclosure Schedule;

(i) Claims. Released, waived or cancelled any claims or rights relating to or
affecting TGD in excess of $10,000 in the aggregate or instituted or settled any
Proceeding involving in excess of $10,000 in the aggregate;

(j) Discharged Liabilities. Paid, discharged, cancelled, waived or satisfied any
claim, obligation or liability in excess of $10,000 in the aggregate, except for
liabilities incurred prior to the date of this Agreement in the Ordinary Course
of Business;

(k) Indebtedness. Created, incurred, assumed or otherwise become liable for any
Indebtedness or commit to any endeavor involving a commitment in excess of
$10,000 in the aggregate, other than contractual obligations incurred in the
Ordinary Course of Business;

(l) Guarantees. Guaranteed or endorsed in a material amount any obligation or
net worth of any Person;

(m) Acquisitions. Acquired the capital stock or other securities or any
ownership interest in, or substantially all of the assets of, any other Person;

(n) Accounting. Changed its method of accounting or the accounting principles or
practices utilized in the preparation of its financial statements, other than as
required by GAAP;

(o) Agreements. Entered into any agreement, or otherwise obligated itself, to do
any of the foregoing.

2.13  MATERIAL CONTRACTS.

TGD has delivered to UTVG, prior to the date of this Agreement, true, correct
and complete copies of each of its Material Contracts. The Material Contracts of
TGD are valid and binding agreements of TGD, as applicable, and are in full

<PAGE>

force and effect and are enforceable in accordance with their terms. Except as
would not have a Material Adverse Effect on TGD, TGD is not in breach or default
of any of its Material Contracts and, to the knowledge of TGD, no other party to
any of its Material Contracts is in breach or default thereof. Except as would
not have a Material Adverse Effect on TGD, no event has occurred or circumstance
has existed that (with or without notice or lapse of time) would (a) contravene,
conflict with or result in a violation or breach of, or become a default or
event of default under, any provision of any of its Material Contracts or (b)
permit TGD or any other Person the right to declare a default or exercise any
remedy under, or to accelerate the maturity or performance of, or to cancel,
terminate or modify any of its Material Contracts. TGD has not received any
notice and neither TGD nor the Shareholders has any knowledge of any pending or
threatened cancellation, revocation or termination of any of its Material
Contracts, and there are no renegotiations of, or attempts to renegotiate any of
the Material Contracts.

2.14  TAX RETURNS AND AUDITS.

(a) Tax Returns. (a) All material Tax Returns required to be filed by or on
behalf of TGD have been timely filed and all such Tax Returns were (at the time
they were filed) and are true, correct and complete in all material respects;
(b) all Taxes of TGD required to have been paid (whether or not reflected on any
Tax Return) have been fully and timely paid, except those Taxes which are
presently being contested in good faith or for which an adequate reserve for the
payment of such Taxes has been established on TGD Balance Sheet; (c) no waivers
of statutes of limitation have been given or requested with respect to TGD in
connection with any Tax Returns covering TGD or with respect to any Taxes
payable by it; (d) no Governmental Body in a jurisdiction where TGD does not
file Tax Returns has made a claim, assertion or threat to TGD that TGD is or may
be subject to taxation by such jurisdiction; (e) TGD has duly and timely
collected or withheld, paid over and reported to the appropriate Governmental
Body all amounts required to be so collected or withheld for all periods under
all applicable laws; (f) there are no Liens with respect to Taxes on the
property or assets of TGD other than Permitted Liens; (g) there are no Tax
rulings, requests for rulings, or closing agreements relating to TGD for any
period (or portion of a period) that would affect any period after the date
hereof; and (h) any adjustment of Taxes of TGD made by a Governmental Body in
any examination that TGD is required to report to the appropriate provincial,
local or foreign taxing authorities has been reported, and any additional Taxes
due with respect thereto have been paid. No state of fact exists or has existed
which would constitute ground for the assessment of any tax liability by any
Governmental Body.

(b) No Adjustments, Changes. Neither TGD nor any other Person on behalf of TGD
(a) has executed or entered into a closing agreement pursuant to any tax law
applicable to the activities of TGD or any predecessor thereof or any similar
provision of provincial, local or foreign law; or (b) has agreed to or is
required to make any adjustments pursuant to Section 481(a) of the Code or any
similar provision of provincial, local or foreign law.

(c) No Disputes. There is no pending audit, examination, investigation, dispute,
proceeding or claim with respect to any Taxes of or Tax Return filed or required
to be filed by TGD, nor is any such claim or dispute pending or contemplated.
TGD has made available to UTVG true, correct and complete copies of all Tax
Returns, examination reports and statements of deficiencies assessed or asserted
against or agreed to by TGD since January 1, 2004, and any and all
correspondence with respect to the foregoing. TGD does not have any outstanding
closing agreement, ruling request, requests for consent to change a method of
accounting, subpoena or request for information to or from a Governmental Body
in connection with any Tax matter.

(d) No Tax Allocation, Sharing. TGD is not a party to any Tax allocation or
sharing agreement. Other than with respect to the Tax Group of which TGD is the
common parent, TGD (a) has not been a member of a Tax Group filing a
consolidated income Tax Return under Section 1501 of the Code (or any similar
provision of provincial, local or foreign law), and (b) does not have any
liability for Taxes for any Person under Treasury Regulations Section 1.1502-6
(or any similar provision of provincial, local or foreign law) as a transferee
or successor, by contract or otherwise.

<PAGE>

2.15  MATERIAL ASSETS.

The financial statements of TGD reflect the material properties and assets (real
and personal) owned or leased by TGD.

2.16  INSURANCE COVERAGE.

TGD has made available to UTVG, prior to the date of this Agreement, true,
correct and complete copies of all insurance and general liability policies
maintained by TGD on its properties and assets, and all claims made under any
such current or prior insurance policies. All of such policies (a) taken
together, provide adequate insurance coverage for the properties, assets and
operations of TGD for all risks normally insured against by a Person carrying on
the same business as TGD, and (b) are sufficient for compliance with all
applicable Laws and Material Contracts of TGD. All of such policies are valid,
outstanding and in full force and effect and, by their express terms, will
continue in full force and effect following the consummation of the transactions
contemplated by this Agreement. Except as set forth on Schedule 2.16, TGD has
not received and has no knowledge of (a) any refusal of coverage or any written
notice that a defense will be afforded with reservation of rights, or (b) any
notice of cancellation or any other indication in writing or otherwise that any
insurance policy is no longer in full force or effect or will not be renewed or
that the issuer of any policy is not willing or able to perform its obligations
thereunder. All premiums due on such insurance policies on or prior to the date
hereof have been paid. There are no, and TGD and the Shareholders have no
knowledge of any, circumstances or facts which, with or without notice of lapse
of time or both would lead to any: (i) pending or threatened claims with respect
to TGD or their properties or assets under any such insurance policies; (ii)
claims as to which the insurers have notified TGD that they intend to deny
liability; and (iii) existing defaults on the part of TGD under any such
insurance policies.

2.17  LITIGATION; ORDERS.

There is no Proceeding (whether federal, provincial, local or foreign) pending
or, to the knowledge of TGD, threatened or appealable against or affecting TGD
or any of its properties, assets, business or employees. To the knowledge of
TGD, there is no fact that might result in or form the basis for any such
Proceeding. TGD is not subject to any Orders and have not received any written
opinion or memorandum or legal advice from their legal counsel to the effect
that TGD is exposed, from a legal standpoint, to any liability which would be
material to its business. TGD is not engaged in any legal action to recover
monies due it or for damages sustained by any of them.

2.18  LICENSES.

Except as would not have a Material Adverse Effect on TGD, TGD possesses from
the appropriate Governmental Body all licenses, permits, authorizations,
approvals, franchises and rights that are necessary for it to engage in its
business as currently conducted and to permit it to own and use its properties
and assets in the manner in which it currently owns and uses such properties and
assets (collectively, "Permits"). Except as would not have a Material Adverse
Effect, TGD has not received any written notice from any Governmental Body or
other Person that there is lacking any license, permit, authorization, approval,
franchise or right necessary for TGD to engage in its business as currently
conducted and to permit TGD to own and use its properties and assets in the
manner in which it currently owns and uses such properties and assets. Except as
would not have a Material Adverse Effect, the Permits are valid and in full
force and effect. Except as would not have a Material Adverse Effect, no event
has occurred or circumstance exists that may (with or without notice or lapse of
time): (a) constitute or result, directly or indirectly, in a violation of or a
failure to comply with any Permit; or (b) result, directly or indirectly, in the
revocation, withdrawal, suspension, cancellation or termination of, or any
modification to, any Permit. Neither TGD nor the Shareholders has received any
written notice from any Governmental Body or any other Person regarding: (a) any
actual, alleged, possible or potential contravention of any Permit; or (b) any
actual, proposed, possible or potential revocation, withdrawal, suspension,

<PAGE>

cancellation, termination of, or modification to, any Permit. All applications
required to have been filed for the renewal of such Permits have been duly filed
on a timely basis with the appropriate Persons, and all other filings required
to have been made with respect to such Permits have been duly made on a timely
basis with the appropriate Persons. All Permits are renewable by their terms or
in the Ordinary Course of Business without the need to comply with any special
qualification procedures or to pay any amounts other than routine fees or
similar charges, all of which have, to the extent due, been duly paid.

2.19  INTERESTED PARTY TRANSACTIONS.

No officer, director or shareholder of TGD or any Affiliate, Related Person or
"associate" (as such term is defined in Rule 405 of the SEC under the Securities
Act) of any such Person, either directly or indirectly, (1) has an interest in
any Person which (a) furnishes or sells services or products which are furnished
or sold or are proposed to be furnished or sold by TGD, or (b) purchases from or
sells or furnishes to, or proposes to purchase from, sell to or furnish TGD any
goods or services; (2) has a beneficial interest in any contract or agreement to
which TGD is a party or by which it may be bound or affected; or (3) is a party
to any material agreements, contracts or commitments in effect as of the date
hereof with TGD. "Related Person" means: (i) with respect to a particular
individual, the individual's immediate family which shall include the
individual's spouse, parents, children, siblings, mothers and fathers-in-law,
sons and daughters-in-law, and brothers and sisters-in-law; and (ii) with
respect to a specified individual or entity, any entity or individual that,
directly or indirectly, controls, is controlled by, or is under common control
with such specified entity or individual.

2.20  GOVERNMENTAL INQUIRIES.

TGD has made available to UTVG a copy of each material written inspection
report, questionnaire, inquiry, demand or request for information received by
TGD from (and the response of TGD thereto), and each material written statement,
report or other document filed by TGD with, any Governmental Body since January
1, 2002.

2.21  BANK ACCOUNTS AND SAFE DEPOSIT BOXES.

Part 2.21 of the TGD Disclosure Schedule discloses the title and number of each
bank or other deposit or financial account, and each lock box and safety deposit
box used by TGD, the financial institution at which that account or box is
maintained and the names of the persons authorized to draw against the account
or otherwise have access to the account or box, as the case may be.

2.22  INTELLECTUAL PROPERTY.

Any Intellectual Property TGD uses in its business as presently conducted is
owned by TGD or properly licensed.

2.23  STOCK OPTION PLANS; EMPLOYEE BENEFITS.

(a) TGD does not have any stock option or similar plan requiring or providing
for the grant by TGD of stock options to directors, officers or employees.

(b) Except as set forth on Part 2.23 of the TGD Disclosure Schedule, TGD does
not have any employee benefit plans or arrangements covering their present and
former employees or providing benefits to such persons in respect of services
provided to TGD. TGD has no commitment, whether formal or informal and whether
legally binding or not, to create any additional plan, arrangement or practice
similar to the Approved Plans.

<PAGE>

(c) The consummation of the transactions contemplated hereby will not result in
(i) any payment (including, without limitation, severance, unemployment
compensation or bonus payments) becoming due from TGD or due to any Person, (ii)
any increase in the amount of compensation or benefits payable to any Person or
(iii) any acceleration of the vesting or timing of payment of any compensation,
award or determination of options, warrants, rights, severance payments or other
contingent obligations of any nature whatsoever of TGD in favor of any Person.
No agreement, arrangement or other contract of TGD provides benefits or payments
contingent upon, triggered by, or increased as a result of a change in the
ownership or effective control of TGD.

(d) TGD is not a party to or bound by any written or oral agreement or
understanding to employ, subsequent to the Closing, any of its respective
present or former directors, officers, independent contractors, consultants,
agents or employees.

2.24  EMPLOYEE MATTERS.

(a) No former or current employee of TGD is a party to, or is otherwise bound
by, any agreement or arrangement (including, without limitation, any
confidentiality, non-competition or proprietary rights agreement) that in any
way adversely affected, affects, or will affect (i) the performance of his, her
or its duties to TGD, or (ii) the ability of TGD to conduct its business.

(b) None of TGD's employees, directors, officers, consultants, independent
contractors, representatives or agents has a contract of employment or
engagement that cannot be terminated by less than three months' notice and the
payment of less than three months' severance.

(c) TGD is not required or obligated to pay, and since January 1, 2002, has not
paid any moneys other than in respect of remuneration, pension or other benefits
pursuant to plans described in Part 2.23 of the TGD Disclosure Schedule, to or
for the benefit of, any director, officer, employee, consultant, independent
contractor, representative or agent of TGD.

(d) TGD is in compliance with all applicable laws respecting employment and
employment practices, terms and conditions or employment and wages and hours,
and is not engaged in any unfair labor practice. There is no labor strike,
dispute, shutdown or stoppage actually pending or, to the knowledge of TGD or
the Shareholders, threatened against or affecting TGD.

2.25  ENVIRONMENTAL AND SAFETY MATTERS.

Except as would not have a Material Adverse Effect on TGD:

(a) TGD has at all time been and is in compliance with all Environmental Laws
and Orders applicable to TGD.

(b) There are no Proceedings pending or, to the knowledge of TGD or the
Shareholders, threatened against TGD alleging the violation of any Environmental
Law or Environmental Permit applicable to TGD or alleging that TGD is a
potentially responsible party for any environmental site contamination. None of
TGD or the Shareholders are aware of, or has ever received notice of, any past,
present or future events, conditions, circumstances, activities, practices,
incidents, actions or plans which may interfere with or prevent continued
compliance, or which may give rise to any common law or legal liability, or
otherwise form the basis of any claim, action, suit, proceeding, hearing or
investigation, based on or related to the manufacture, processing, distribution,
use, treatment, storage, disposal, transport, or handling, or the emission,
discharge, release or threatened release into the environment, of any pollutant,
contaminant, or hazardous or toxic material or waste.

<PAGE>

(c) Neither this Agreement nor the consummation of the transactions contemplated
by this Agreement shall impose any obligations to notify or obtain the consent
of any Governmental Body or third Persons under any Environmental Laws
applicable to TGD.

2.26  MATERIAL CUSTOMERS.

Since January 1, 2002, none of the Material Customers (as hereinafter defined)
of TGD has notified any of TGD or the Shareholders of their intent to terminate
their business with TGD because of any dissatisfaction on the part of any such
person or entity. The transaction contemplated by this Agreement has not caused
any of the Material Customers of TGD to terminate or provide notice of their
intent or threaten to terminate their business with TGD or to notify TGD or the
Shareholders of their intent not to continue to do such business with TGD after
the Closing. As used herein, "Material Customers" means those customers from
whom TGD derives annual revenues in excess of RMB 100,000.

2.27  INVENTORIES.

All inventories of TGD are of good, usable and merchantable quality in all
material respects, and, except as set forth in the TGD Disclosure Schedule, do
not include a material amount of obsolete or discontinued items. Except as set
forth in the TGD Disclosure Schedule, (a) all such inventories are of such
quality as to meet in all material respects the quality control standards of
TGD, (b) all such inventories are recorded on the books at the lower of cost or
market value determined in accordance with GAAP, and (c) no write-down in
inventory has been made or should have been made pursuant to GAAP during the
past two years.

2.28  MONEY LAUNDERING LAWS.

The operations of TGD are and have been conducted at all times in compliance
with applicable financial record-keeping and reporting requirements of the money
laundering statutes of all U.S. and non-U.S. jurisdictions, the rules and
regulations thereunder and any related or similar rules, regulations or
guidelines, issued, administered or enforced by any Governmental Body
(collectively, the "Money Laundering Laws") and no Proceeding involving TGD with
respect to the Money Laundering Laws is pending or, to the knowledge of TGD,
threatened.

2.29  DISCLOSURE.

(a) Any information set forth in this Agreement, the TGD Disclosure Schedule, or
the Transaction Agreements shall be true, correct and complete in all material
respects as of the date hereof and as of the Closing Date.

(b) No statement, representation or warranty of TGD or the Shareholders in this
Agreement (taken with the Schedules) or the Transaction Agreements or any
exhibits or schedules thereto contains any untrue statement of a material fact
or omits to state a material fact necessary to make the statements herein or
therein, taken as a whole, in light of the circumstances in which they were
made, not misleading.

(c) Except as set forth in the TGD Disclosure Schedule, the Shareholders and TGD
have no knowledge of any fact that has specific application to TGD (other than
general economic or industry conditions) and that adversely affects the assets
or the business, prospects, financial condition, or results of operations of
TGD.

(d) In the event of any inconsistency between the statements in the body of this
Agreement and those in the Schedules (other than an exception expressly set
forth as such in the Schedules with respect to a specifically identified
representation or warranty), the statements in the Schedules shall control.

(e) The books of account, minute books and stock record books of TGD, all of
which have been made available to UTVG, are complete and accurate and have been
maintained in accordance with sound business practices. Without limiting the

<PAGE>

generality of the foregoing, the minute books of TGD contain complete and
accurate records of all meetings held, and corporate action taken, by the
shareholders, the boards of directors, and committees of the boards of directors
of TGD, as applicable, and no meeting of any such shareholders, board of
directors, or committee has been held for which minutes have not been prepared
and are not contained in such minute books.

                                  ARTICLE III.
                     REPRESENTATIONS AND WARRANTIES OF UTVG

UTVG hereby represents and warrants to the Shareholders as of the date hereof:

3.1   ORGANIZATION; GOOD STANDING.

UTVG is duly incorporated, validly existing and in good standing existing under
the laws of Nevada, has all requisite authority and power (corporate and other),
governmental licenses, authorizations, consents and approvals to carry on its
business as presently conducted and as contemplated to be conducted, to own,
hold and operate its properties and assets as now owned, held and operated by
it, to enter into this Agreement and to carry out the provisions hereof except
where the failure to be in good standing or to have such governmental licenses,
authorizations, consents and approvals will not, in the aggregate, either (i)
have a Material Adverse Effect on the business, assets or financial condition of
UTVG, or (ii) impair the ability of UTVG to perform its material obligations
under this Agreement. UTVG is duly qualified, licensed or domesticated as a
foreign corporation in good standing in each jurisdiction wherein the nature of
its activities or its properties owned or leased requires such qualification,
licensing or domestication, except where the failure to be so qualified,
licensed or domesticated will not have a Material Adverse Effect on UTVG.

3.2   UTVG COMMON STOCK.

As of August 1, 2007, there were 34,934,285 shares of UTVG's common stock issued
and outstanding. The Acquisition Shares, when issued in connection with this
Agreement and the other Transactional Agreements, will be duly authorized,
validly issued, fully paid and nonassessable.

3.3   AUTHORITY; BINDING NATURE OF AGREEMENTS.

(a) The execution, delivery and performance of this Agreement, the Transactional
Agreements, and all other agreements and instruments contemplated to be executed
and delivered by UTVG in connection herewith have been duly authorized by all
necessary corporate action on the part of UTVG and its board of directors.

(b) This Agreement, the Transactional Agreements, and all other agreements and
instruments contemplated to be executed and delivered by UTVG constitute the
legal, valid and binding obligation of UTVG, enforceable against UTVG in
accordance with their terms, except to the extent that enforceability may be
limited by applicable bankruptcy, Exchange, insolvency, moratorium or other laws
affecting the enforcement of creditors' rights generally and by general
principles of equity regardless of whether such enforceability is considered in
a proceeding in law or equity.

(c) There is no pending Proceeding, and, to UTVG's knowledge, no Person has
threatened to commence any Proceeding that challenges, or that may have the
effect of preventing, delaying, making illegal or otherwise interfering with,
the Exchange or UTVG's ability to comply with or perform its obligations and
covenants under the Transactional Agreements, and, to the knowledge of UTVG, no
event has occurred, and no claim, dispute or other condition or circumstance
exists, that might directly or indirectly give rise to or serve as a basis for
the commencement of any such Proceeding.

<PAGE>

3.4   NON-CONTRAVENTION; CONSENTS.

The execution and delivery of this Agreement and the other Transactional
Agreements, and the consummation of the Exchange, by UTVG will not, directly or
indirectly (with or without notice or lapse of time):

(a) contravene, conflict with or result in a material violation of (i) UTVG's
Certificate of Incorporation or Bylaws, or (ii) any resolution adopted by UTVG
Board or any committee thereof or the stockholders of UTVG;

(b) to the knowledge of UTVG, contravene, conflict with or result in a material
violation of, or give any Governmental Body the right to challenge the Exchange
or to exercise any remedy or obtain any relief under, any legal requirement or
any Order to which UTVG or any material assets owned or used by it are subject;

(c) to the knowledge of UTVG, cause any material assets owned or used by UTVG to
be reassessed or revalued by any taxing authority or other Governmental Body;

(d) to the knowledge of UTVG, contravene, conflict with or result in a material
violation of any of the terms or requirements of, or give any Governmental Body
the right to revoke, withdraw, suspend, cancel, terminate or modify, any
Governmental Authorization that is held by UTVG or that otherwise relates to
UTVG's business or to any of the material assets owned or used by UTVG, where
such contraventions, conflict, violation, revocation, withdrawal, suspension,
cancellation, termination or modification would have a Material Adverse Effect
on UTVG;

(e) contravene, conflict with or result in a material violation or material
breach of, or material default under, any Contract to which UTVG is a party;

(f) give any Person the right to any payment by UTVG or give rise to any
acceleration or change in the award, grant, vesting or determination of options,
warrants, rights, severance payments or other contingent obligations of any
nature whatsoever of UTVG in favor of any Person, in any such case as a result
of the Exchange; or

(g) result in the imposition or creation of any material Lien upon or with
respect to any material asset owned or used by UTVG.

Except for Consents, filings or notices required under the state and federal
securities laws or any other laws or regulations or as otherwise contemplated in
this Agreement and the other Transactional Agreements, UTVG will not be required
to make any filing with or give any notice to, or obtain any Consent from, any
Person in connection with the execution and delivery of this Agreement and the
other Transactional Agreements or the consummation or performance of the
Exchange.

3.5   FINDERS AND BROKERS.

(a) Neither UTVG nor any Person acting on behalf of UTVG has engaged any finder,
broker, intermediary or any similar Person in connection with the Exchange.

(b) UTVG has not entered into a contract or other agreement that provides that a
fee shall be paid to any Person or Entity if the Exchange is consummated.

<PAGE>

3.6   REPORTS AND FINANCIAL STATEMENTS; ABSENCE OF CERTAIN CHANGES.

(a) UTVG has filed all reports required to be filed with the SEC pursuant to the
Exchange Act since September 30, 2006 (all such reports, including those to be
filed prior to the Closing Date and all registration statements and prospectuses
filed by UTVG with the SEC, are collectively referred to as the "UTVG SEC
Reports"). All of the UTVG SEC Reports, as of their respective dates of filing
(or if amended or superseded by a filing prior to the date of this Agreement,
then on the date of such filing): (i) complied in all material respects as to
form with the applicable requirements of the Securities Act or Exchange Act and
the rules and regulations thereunder, as the case may be, and (ii) did not
contain any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not
misleading. The audited financial statements of UTVG included in the UTVG SEC
Reports comply in all material respects with the published rules and regulations
of the SEC with respect thereto, and such audited financial statements (i) were
prepared from the books and records of UTVG, (ii) were prepared in accordance
with GAAP applied on a consistent basis (except as may be indicated therein or
in the notes or schedules thereto) and (iii) present fairly the financial
position of UTVG as of the dates thereof and the results of operations and cash
flows for the periods then ended. The unaudited financial statements included in
the UTVG SEC Reports comply in all material respects with the published rules
and regulations of the SEC with respect thereto; and such unaudited financial
statements (i) were prepared from the books and records of UTVG, (ii) were
prepared in accordance with GAAP, except as otherwise permitted under the
Exchange Act and the rules and regulations thereunder, on a consistent basis
(except as may be indicated therein or in the notes or schedules thereto) and
(iii) present fairly the financial position of UTVG as of the dates thereof and
the results of operations and cash flows (or changes in financial condition) for
the periods then ended, subject to normal year-end adjustments and any other
adjustments described therein or in the notes or schedules thereto.

(b) Except as specifically contemplated by this Agreement or reflected in the
UTVG SEC Reports, since September 30, 2006, there has not been (i) any material
adverse change in UTVG's business, assets, liabilities, operations, and, to the
knowledge of UTVG, no event has occurred that is likely to have a material
adverse effect on UTVG's business, assets, liabilities or operations, (ii) any
declarations setting aside or payment of any dividend or distribution with
respect to the UTVG Common Stock other than consistent with past practices,
(iii) any material change in UTVG's accounting principles, procedures or
methods, (iv) cancellation in writing of any material customer contract or (v)
the loss of any customer relationship which would have a material adverse effect
on UTVG's business, assets, liabilities or operations.

3.7   COMPLIANCE WITH APPLICABLE LAW.

Except as disclosed in the UTVG SEC Reports filed prior to the date of this
Agreement and except to the extent that the failure or violation would not in
the aggregate have a Material Adverse Effect on the business, results of
operations or financial condition of UTVG, to UTVG's knowledge UTVG holds all
Governmental Authorizations necessary for the lawful conduct of its business
under and pursuant to, and the business of UTVG is not being conducted in
violation of, any Governmental Authorization applicable to UTVG.

3.8   COMPLETE COPIES OF REQUESTED REPORTS.

UTVG has delivered or made available true and complete copies of each document
that has been reasonably requested by TGD or the Shareholders.

3.9   FULL DISCLOSURE.

(a) Neither this Agreement (including all Schedules and Exhibits hereto) nor any
of the Transactional Agreements contemplated to be executed and delivered by
UTVG in connection with this Agreement contains any untrue statement of material
fact; and none of such documents omits to state any material fact necessary to
make any of the representations, warranties or other statements or information
contained therein not misleading.

<PAGE>

(b) All of the information set forth in the prospectus and all other information
regarding UTVG and the business, condition, assets, liabilities, operations,
financial performance, net income and prospects of either that has been
furnished to TGD or the Shareholders by or on behalf of UTVG or any of the
UTVG's Representatives, is accurate and complete in all material respects.

                                   ARTICLE IV.
                      COVENANTS OF THE SHAREHOLDERS AND TGD

4.1   ACCESS AND INVESTIGATION.

Each of the Shareholders and TGD shall ensure that, at all times during the
Pre-Closing Period:

(a) TGD and their Representatives will provide UTVG and its Representatives
access, at reasonable times and with twenty-four (24) hours notice from UTVG to
TGD, to all of the premises and assets of TGD, to all existing books, records,
Tax Returns, work papers and other documents and information relating to TGD,
and to responsible officers and employees of TGD, and TGD and its
Representatives provide UTVG and its Representatives with copies of such
existing books, records, Tax Returns, work papers and other documents and
information relating to TGD as UTVG may request in good faith;

(b) Each of TGD and their Representatives confer regularly with UTVG upon its
request, concerning operational matters and otherwise report regularly (not less
than semi-monthly and as UTVG may otherwise request) to UTVG and discuss with
UTVG and its Representatives concerning the status of the business, condition,
assets, liabilities, operations, and financial performance of TGD, and promptly
notify UTVG of any material change in the business, condition, assets,
liabilities, operations, and financial performance of TGD , or any event
reasonably likely to lead to any such change.

4.2   OPERATION OF BUSINESS.

Each of the Shareholders and TGD shall ensure that, during the Pre-Closing
Period:

(a) TGD conducts its operations in the Ordinary Course of Business and in the
same manner as such operations have been conducted prior to the date of this
Agreement;

(b) TGD uses its commercially reasonable efforts to preserve intact its current
business organization, keep available and not terminate the services of its
current officers and employees and maintain its relations and goodwill with all
suppliers, customers, landlords, creditors, licensors, licensees, employees and
other Persons having business relationships with TGD;

(c) TGD does not declare, accrue, set aside or pay any dividend or make any
other distribution in respect of any shares of its capital stock, and does not
repurchase, redeem or otherwise reacquire any shares of its capital stock or
other securities;

(d) TGD does not sell or otherwise issue (or grant any warrants, options or
other rights to purchase) any shares of capital stock or any other securities;

(e) TGD does not amend its Articles of Incorporation, Bylaws or other
Organizational Documents, and does not effect or become a party to any
recapitalization, reclassification of shares, stock split, reverse stock split
or similar transaction;

(f) TGD does not form any subsidiary or acquire any equity interest or other
interest in any other Entity;

<PAGE>

(g) TGD does not establish or adopt any Employee Benefit Plan, and does not pay
any bonus or make any profit sharing or similar payment to, or increase the
amount of the wages, salary, commissions, fringe benefits or other compensation
or remuneration payable to, any of its directors, officers or employees;

(h) TGD does not change any of its methods of accounting or accounting practices
in any respect;

(i) TGD does not make any Tax election;

(j) TGD does not commence or take any action or fail to take any action which
would result in the commencement of any Proceeding;

(k) TGD does not (i) acquire, dispose of, transfer, lease, license, mortgage,
pledge or encumber any fixed or other assets, other than in the Ordinary Course
of Business; (ii) incur, assume or prepay any indebtedness, Indebtedness or
obligation or any other liabilities or issue any debt securities, other than in
the Ordinary Course of Business; (iii) assume, guarantee, endorse for the
obligations of any other person, other than in the Ordinary Course of Business;
(iv) make any loans, advances or capital contributions to, or investments in,
any other Person, other than in the Ordinary Course of Business; or (v) fail to
maintain insurance consistent with past practices for its business and property;

(l) TGD pays all debts and Taxes, files all of its Tax Returns (as provided
herein) and pays or performs all other obligations, when due;

(m) TGD does not enter into or amend any agreements pursuant to which any other
Person is granted distribution, marketing or other rights of any type or scope
with respect to any of its services, products or technology;

(n) TGD does not hire any new officer-level employee;

(o) TGD does not revalue any of its assets, including, without limitation,
writing down the value of inventory or writing off notes or accounts receivable,
except as required under GAAP and in the Ordinary Course of Business;

(p) Except as otherwise contemplated hereunder, TGD does not enter into any
transaction or take any other action outside the Ordinary Course of Business;
and

(q) TGD does not enter into any transaction or take any other action that likely
would cause or constitute a Breach of any representation or warranty made by it
in this Agreement.

4.3   FILINGS AND CONSENTS; COOPERATION.

Each of the Shareholders and TGD shall ensure that:

(a) Each filing or notice required to be made or given (pursuant to any
applicable Law, Order or contract, or otherwise) by TGD or the Shareholders in
connection with the execution and delivery of any of the Transactional
Agreements, or in connection with the consummation or performance of the
Exchange, is made or given as soon as possible after the date of this Agreement;

(b) Each Consent required to be obtained (pursuant to any applicable Law, Order
or contract, or otherwise) by TGD or the Shareholders in connection with the
execution and delivery of any of the Transactional Agreements, or in connection
with the consummation or performance of the Exchange, is obtained as soon as
possible after the date of this Agreement and remains in full force and effect
through the Closing Date;

<PAGE>

(c) There is promptly delivered to UTVG a copy of each filing made, each notice
given and each Consent obtained by TGD during the Pre-Closing Period; and

(d) During the Pre-Closing Period, TGD and its Representatives cooperate with
UTVG and UTVG's Representatives, and prepare and make available such documents
and take such other actions as UTVG may request in good faith, in connection
with any filing, notice or Consent that UTVG is required or elects to make, give
or obtain.

4.4   NOTIFICATION; UPDATES TO DISCLOSURE SCHEDULES.

(a) During the Pre-Closing Period, TGD shall promptly notify UTVG in writing of:

      (i) the discovery by it or any Shareholder of any event, condition, fact
or circumstance that occurred or existed on or prior to the date of this
Agreement which is contrary to any representation or warranty made by it in this
Agreement, or that would upon the giving of notice or lapse of time, cause any
of the representations and warranties set forth in this Agreement to become
untrue or otherwise cause any of the conditions of Closing set forth in Article
VI or Article VII not to be satisfied;

      (ii) any event, condition, fact or circumstance that occurs, arises or
exists after the date of this Agreement (except as a result of actions taken
pursuant to the express written consent of UTVG) and that is contrary to any
representation or warranty made in this Agreement, or that would upon the giving
of notice or lapse of time, cause any of the representations and warranties set
forth in this Agreement to become untrue or otherwise cause any of the
conditions of Closing set forth in Article VI or Article VII not to be
satisfied;

(b) The occurrence of any event, condition, fact or circumstances that is
required to be disclosed pursuant to Section 4.4(a) or that otherwise requires
any material change in the TGD Disclosure Schedule, or if any such event,
condition, fact or circumstance would require such a change assuming the TGD
Disclosure Schedule were dated as of the date of the occurrence, existence or
discovery of such event, condition, fact or circumstances, then TGD, as
applicable, shall promptly deliver to UTVG an update to the TGD Disclosure
Schedule specifying such change (a "Disclosure Schedule Update").

(c) TGD will promptly update any relevant and material information provided to
UTVG after the date hereof pursuant to the terms of this Agreement.

4.5   Commercially Reasonable Efforts.

During the Pre-Closing Period, each of the Shareholders and TGD shall use its
commercially reasonable efforts to cause the conditions set forth in Article VI
to be satisfied on a timely basis and so that the Closing can take place on or
about December 1st, 2007, in accordance with Section 1.5, and shall not take any
action or omit to take any action, the taking or omission of which would or
could reasonably be expected to result in any of the representations and
warranties of TGD or the Shareholders set forth in this Agreement becoming
untrue, or in any of the conditions of Closing set forth in Article VI not being
satisfied.

4.6   CONFIDENTIALITY; PUBLICITY.

Each of the Shareholders and TGD shall ensure that:

(a) TGD and its Representatives keep strictly confidential the existence and
terms of this Agreement prior to the issuance or dissemination of any mutually
agreed upon press release or other disclosure of the Exchange; and

<PAGE>

(b) neither TGD nor any of its Representatives issues or disseminates any press
release or other publicity or otherwise makes any disclosure of any nature (to
any of its suppliers, customers, landlords, creditors or employees or to any
other Person) regarding any of the Exchange; except in each case to the extent
that it is required by law to make any such disclosure regarding such
transactions or as separately agreed by the parties; provided, however, that if
it is required by law to make any such disclosure, TGD advises UTVG, at least
five business days before making such disclosure, of the nature and content of
the intended disclosure.

4.7 Investment Purposes. TGD acknowledges that it is acquiring the Shares of
UTVG for its own account as principal, not as a nominee or agent, for investment
purposes only, and not with a view to, or for, resale, distribution or
fractionalization thereof in whole or in part in any transactions that would be
in violation of the Securities Act or the securities or "blue-sky" laws of any
jurisdiction. No other person has a direct or indirect beneficial interest in,
and the undersigned does not have any contract, undertaking, agreement or
arrangement with any person to sell, transfer or grant participations to such
person or to any third person, with respect to, the Shares or any part of the
Shares for which the undersigned is subscribing that would be in violation of
the Securities Act or the securities or "blue-sky" laws of any jurisdiction. TGD
acknowledges that it has been advised that the Shares have not been registered
under the Securities Act of 1933, as amended, and may be resold only if
registered or in a transaction exempt from such registration requirements.

                                   ARTICLE V.
                                COVENANTS OF UTVG

5.1   NOTIFICATION.

During the Pre-Closing Period, UTVG shall promptly notify TGD in writing of:

(a) the discovery by UTVG of any event, condition, fact or circumstance that
occurred or existed on or prior to the date of this Agreement which is contrary
to any representation or warranty made by UTVG in this Agreement; and,

(b) any event, condition, fact or circumstance that occurs, arises or exists
after the date of this Agreement (except as a result of actions taken pursuant
to the written consent of TGD) and that is contrary to any representation or
warranty made by UTVG in this Agreement;

5.2   FILINGS AND CONSENTS; COOPERATION.

UTVG shall ensure that:

(a) Each filing or notice required to be made or given (pursuant to any
applicable Law, Order or contract, or otherwise) by UTVG in connection with the
execution and delivery of any of the Transactional Agreements, or in connection
with the consummation or performance of the Exchange, is made or given as soon
as possible after the date of this Agreement;

(b) Each Consent required to be obtained (pursuant to any applicable Law, Order
or contract, or otherwise) by UTVG in connection with the execution and delivery
of any of the Transactional Agreements, or in connection with the consummation
or performance of the Exchange, is obtained as soon as possible after the date
of this Agreement and remains in full force and effect through the Closing Date;

(c) UTVG promptly delivers to TGD a copy of each filing made, each notice given
and each Consent obtained by UTVG during the Pre-Closing Period; and

<PAGE>

(d) During the Pre-Closing Period, UTVG and its Representatives cooperate with
TGD and its Representatives, and prepare and make available such documents and
take such other actions as TGD may request in good faith, in connection with any
filing, notice or Consent that TGD is required or elects to make, give or
obtain.

5.3   COMMERCIALLY REASONABLE EFFORTS.

During the Pre-Closing Period, UTVG shall use its commercially reasonable
efforts to cause the conditions set forth in Article VII to be satisfied on a
timely basis and so that the Closing can take place on or about December 1st,
2007or as soon thereafter as is reasonably practical, in accordance with Section
1.5, and shall not take any action or omit to take any action, the taking or
omission of which would or could reasonably be expected to result in any of the
representations and warranties or UTVG set forth in this Agreement becoming
untrue or in any of the conditions of closing set forth in Article VII not being
satisfied.

5.4   DISCLOSURE OF CONFIDENTIAL INFORMATION.

(a) Each of UTVG, TGD and the Shareholders acknowledges and agrees that it may
receive Confidential Information in connection with this Transaction including
without limitation, the TGD Disclosure Schedule and any information disclosed
during the due diligence process, the public disclosure of which will harm the
disclosing party's business. The Receiving Party may use Confidential
Information only in connection with the Transaction. The results of the due
diligence review may not be used for any other purpose other than in connection
with the Transaction. Except as expressly provided in this Agreement, the
Receiving Party shall not disclose Confidential Information to anyone without
the Disclosing Party's prior written consent. The Receiving Party shall take all
reasonable measures to avoid disclosure, dissemination or unauthorized use of
Confidential Information, including, at a minimum, those measures it takes to
protect its own confidential information of a similar nature. The Receiving
Party shall not export any Confidential Information in any manner contrary to
the export regulations of the governmental jurisdiction to which it is subject.

(b) The Receiving Party may disclose Confidential Information as required to
comply with binding orders of governmental entities that have jurisdiction over
it, provided that the Receiving Party (i) gives the Disclosing Party reasonable
notice (to the extent permitted by law) to allow the Disclosing Party to seek a
protective order or other appropriate remedy, (ii) discloses only such
information as is required by the governmental entity, and (iii) uses
commercially reasonable efforts to obtain confidential treatment for any
Confidential Information so disclosed.

(c) All Confidential Information shall remain the exclusive property of the
Disclosing Party. The Disclosing Party's disclosure of Confidential Information
shall not constitute an express or implied grant to the Receiving Party of any
rights to or under the Disclosing Party's patents, copyrights, trade secrets,
trademarks or other intellectual property rights.

(d) The Receiving Party shall notify the Disclosing Party immediately upon
discovery of any unauthorized use or disclosure of Confidential Information or
any other breach of this Agreement by the Receiving Party. The Receiving Party
shall cooperate with the Disclosing Party in every reasonable way to help the
Disclosing Party regain possession of such Confidential Information and prevent
its further unauthorized use.

(e) The Receiving Party shall return or destroy all tangible materials embodying
Confidential Information (in any form and including, without limitation, all
summaries, copies and excerpts of Confidential Information) promptly following
the Disclosing Party's written request; provided, however, that, subject to the
provisions of this Agreement, the Receiving Party may retain one copy of such
materials in the confidential, restricted access files of its legal department
for use only in the event a dispute arises between the parties related to the
Transaction and only in connection with that dispute. At the Disclosing Party's
option, the Receiving Party shall provide written certification of its
compliance with this Section.

<PAGE>

5.5   INDEMNIFICATION.

(a) Each of TGD and the Shareholders, jointly and severally, each shall defend,
indemnify and hold harmless UTVG and YZL and their respective employees,
officers, directors, stockholders, controlling persons, affiliates, agents,
successors and assigns (collectively, the "UTVG Indemnified Persons"), and shall
reimburse the UTVG Indemnified Person, for, from and against any loss,
liability, claim, damage, expense (including costs of investigation and defense
and reasonable attorneys' fees) or diminution of value, whether or not involving
a third-party claim (collectively, "Damages"), directly or indirectly, relating
to, resulting from or arising out of:

(i) any untrue representations, misrepresentations or breach of warranty by or
of TGD or the Shareholders contained in or pursuant to this Agreement, and the
TGD Disclosure Schedule;

(ii) any breach or nonfulfillment of any covenant, agreement or other obligation
by or of TGD or the Shareholders (only to the extent made or occurring prior to
or at the Closing) contained in or pursuant to this Agreement, the Transaction
Agreements executed by TGD or any of the Shareholders in their individual
capacity, the TGD Disclosure Schedule, or any of the other agreements,
documents, schedules or exhibits to be entered into by TGD or any of the
Shareholders in their individual capacity pursuant to or in connection with this
Agreement;

(iii) all of Pre-Closing liabilities of TGD or the Shareholders; and

(iv) any liability, claim, action or proceeding of any kind whatsoever, whether
instituted or commenced prior to or after the Closing Date, which directly or
indirectly relates to, arises or results from, or occurs in connection with
facts or circumstances relating to the conduct of business of TGD, or the assets
of TGD, or events or circumstances existing on or prior to the Closing Date.

(b) UTVG shall defend, indemnify and hold harmless TGD and its respective
affiliates, agents, successors and assigns (collectively, the "TGD Indemnified
Persons"), and shall reimburse the TGD Indemnified Persons, for, from and
against any Damages, directly or indirectly, relating to, resulting from or
arising out of:

(i) any untrue representation, misrepresentation or breach of warranty by or of
UTVG contained in or pursuant to this Agreement;

(ii) any breach or nonfulfillment of any covenant, agreement or other
obligations by or of UTVG contained in or pursuant to this Agreement, the
Transaction Agreements or any other agreements, documents, schedules or exhibits
to be entered into or delivered to pursuant to or in connection with this
Agreement.

(c) Promptly after receipt by an indemnified Party under Section 5.5 of this
Agreement of notice of a claim against it ("Claim"), such indemnified Party
shall, if a claim is to be made against an indemnifying Party under such
Section, give notice to the indemnifying Party of such Claim, but the failure to
so notify the indemnifying Party will not relieve the indemnifying Party of any
liability that it may have to any indemnified Party, except to the extent that
the indemnifying Party demonstrates that the defense of such action is
prejudiced by the indemnified Party's failure to give such notice.

(d) A claim for indemnification for any matter not involving a third-party claim
may be asserted by notice to the Party from whom indemnification is sought.

<PAGE>

                                   ARTICLE VI.
                           CLOSING CONDITIONS OF UTVG

UTVG's obligations to effect the Closing and consummate the Exchange are subject
to the satisfaction of each of the following conditions:

6.1   ACCURACY OF REPRESENTATIONS AND WARRANTIES.

The representations and warranties of TGD and the Shareholders in this Agreement
shall have been true and correct as of the date of this Agreement and shall be
true and correct on and as of the Closing. TGD and the Shareholders shall have
performed all obligations in this Agreement required to be performed or observed
by them on or prior to the Closing.

6.2   ADDITIONAL CONDITIONS TO CLOSING.

(a) All necessary approvals under federal and state securities laws and other
authorizations relating to the issuance of the Acquisition Shares and the
transfer of the Shares shall have been received.

(b) No preliminary or permanent injunction or other order by any federal, state
or foreign court of competent jurisdiction which prohibits the consummation of
the Exchange shall have been issued and remain in effect. No statute, rule,
regulation, executive order, stay, decree, or judgment shall have been enacted,
entered, issued, promulgated or enforced by any court or governmental authority
which prohibits or restricts the consummation of the Exchange. All
authorizations, consents, orders or approvals of, or declarations or filings
with, and all expirations of waiting periods imposed by, any Governmental Body
which are necessary for the consummation of the Exchange, other than those the
failure to obtain which would not materially adversely affect the consummation
of the Exchange or in the aggregate have a material adverse effect on UTVG and
its subsidiaries, taken as a whole, shall have been filed, occurred or been
obtained (all such permits, approvals, filings and consents and the lapse of all
such waiting periods being referred to as the "Requisite Regulatory Approvals")
and all such Requisite Regulatory Approvals shall be in full force and effect.

(c) There shall not be any action taken, or any statute, rule, regulation or
order enacted, entered, enforced or deemed applicable to the Exchange, by any
Governmental Body which, in connection with the grant of a Requisite Regulatory
Approval, imposes any material condition or material restriction upon UTVG or
its subsidiaries or TGD, including, without limitation, requirements relating to
the disposition of assets, which in any such case would so materially adversely
impact the economic or business benefits of the Exchange as to render
inadvisable the consummation of the Exchange.

6.3   PERFORMANCE OF AGREEMENTS.

TGD or the Shareholders, as the case may be, shall have executed and delivered
each of the agreements, instruments and documents required to be executed and
delivered, and performed all actions required to be performed by TGD or any of
the Shareholders, as the case may be, pursuant to this Agreement, except as UTVG
has otherwise consented in writing.

6.4   CONSENTS.

Each of the Consents identified or required to have been identified in the TGD
Disclosure Schedule shall have been obtained and shall be in full force and
effect, other than those Consents, which have been expressly waived by UTVG.

<PAGE>

6.5   NO MATERIAL ADVERSE CHANGE AND SATISFACTORY DUE DILIGENCE.

There shall not have been any material adverse change in the business,
condition, assets, liabilities, operations or financial performance of TGD since
the date of this Agreement as determined by UTVG in its discretion. UTVG shall
be satisfied in all respects with the results of its due diligence review of
TGD.

6.6   TGD CLOSING CERTIFICATES.

In addition to the documents required to be received under this Agreement, UTVG
shall also have received the following documents:

(a) copies of resolutions of TGD , certified by a Secretary, Assistant Secretary
or other appropriate officer of TGD, authorizing the execution, delivery and
performance of this Agreement and other Transactional Agreements;

(b) good standing certificate from China of TGD; and

(c) such other documents as UTVG may request in good faith for the purpose of
(i) evidencing the accuracy of any representation or warranty made by TGD, (ii)
evidencing the compliance by TGD, or the performance by TGD of, any covenant or
obligation set forth in this Agreement or any of the other Transactional
Agreements, (iii) evidencing the satisfaction of any condition set forth in
Article VII or this Article VI, or (iv) otherwise facilitating the consummation
or performance of the Exchange.

6.7   TRANSACTIONAL AGREEMENTS.

Each Person (other than UTVG) shall have executed and delivered prior to or on
the Closing Date all Transactional Agreements to which it is to be a party.

6.8   RESIGNATION OF DIRECTORS AND OFFICERS.

UTVG shall have received a written resignation from each of the directors and
officers of TGD effective as of the Closing.

6.9   DELIVERY OF STOCK CERTIFICATES, MINUTE BOOK AND CORPORATE SEAL.

The Shareholders shall have delivered to UTVG the stock books, stock ledgers,
minute books and corporate seals of TGD.

                                  ARTICLE VII.
                     CLOSING CONDITIONS OF THE SHAREHOLDERS

The Shareholders' obligations to effect the Closing and consummate the Exchange
are subject to the satisfaction of each of the following conditions:

7.1   ACCURACY OF REPRESENTATIONS AND WARRANTIES.

The representations and warranties of UTVG in this Agreement shall have been
true and correct as of the date of this Agreement and shall be true and correct
on and as of the Closing and UTVG shall have performed all obligations in this
Agreement required to be performed or observed by them on or prior to the
Closing.

<PAGE>

7.2   ADDITIONAL CONDITIONS TO CLOSING.

(a) All necessary approvals under federal and state securities laws and other
authorizations relating to the issuance and transfer of the Acquisition Shares
by UTVG and the transfer of the Shares by TGD shall have been received.

(b) No preliminary or permanent injunction or other order by any federal, state
or foreign court of competent jurisdiction which prohibits the consummation of
the Exchange shall have been issued and remain in effect. No statute, rule,
regulation, executive order, stay, decree, or judgment shall have been enacted,
entered, issued, promulgated or enforced by any court or governmental authority
which prohibits or restricts the consummation of the Exchange. All Requisite
Regulatory Approvals shall have been filed, occurred or been obtained and all
such Requisite Regulatory Approvals shall be in full force and effect.

(c) There shall not be any action taken, or any statute, rule, regulation or
order enacted, entered, enforced or deemed applicable to the Exchange, by any
federal or state Governmental Body which, in connection with the grant of a
Requisite Regulatory Approval, imposes any condition or restriction upon the
Surviving Corporation or its subsidiaries (or, in the case of any disposition of
assets required in connection with such Requisite Regulatory Approval, upon
UTVG, its subsidiaries or TGD or any of their subsidiaries), including, without
limitation, requirements relating to the disposition of assets, which in any
such case would so materially adversely impact the economic or business benefits
of the Exchange as to render inadvisable the consummation of the Exchange.

7.3   UTVG CLOSING CERTIFICATES.

The Shareholders shall have received the following documents:

(a) copies of resolutions of UTVG, certified by a Secretary, Assistant Secretary
or other appropriate officer of UTVG, authorizing the execution, delivery and
performance of the Transactional Agreements and the Exchange;

(b) good standing certificates for the State of Nevada; and

(c) such other documents as TGD may request in good faith for the purpose of (i)
evidencing the accuracy of any representation or warranty made by UTVG, (ii)
evidencing the compliance by UTVG with, or the performance by UTVG of, any
covenant or obligation set forth in this Agreement or any of the other
Transactional Agreements, (iii) evidencing the satisfaction of any condition set
forth in Article VI or this Article VII, or (iv) otherwise facilitating the
consummation or performance of the Exchange.

7.4   PERFORMANCE OF AGREEMENTS.

UTVG shall have executed and delivered each of the agreements, instruments and
documents required to be executed and delivered, and performed all actions
required by UTVG pursuant to this Agreement, except as TGD and the Shareholders
have otherwise consented in writing.

7.5   CONSENTS.

Each of the Consents identified or required to have been identified in Section
3.4 shall have been obtained and shall be in full force and effect, other than
those Consents the absence of which shall not have a material adverse effect on
UTVG.

7.6   UTVG STOCK.

On the Closing Date, shares of UTVG Common Stock shall be eligible for quotation
on the OTC Bulletin Board.

<PAGE>

                                  ARTICLE VIII.
                               FURTHER ASSURANCES

Each of the parties hereto agrees that it will, from time to time after the date
of the Agreement, execute and deliver such other certificates, documents and
instruments and take such other action as may be reasonably requested by the
other party to carry out the actions and transactions contemplated by this
Agreement, including the closing conditions described in Articles VI and VII.
TGD and the Shareholders shall reasonably cooperate with UTVG in its review of
the books and records of TGD, or in preparing any solicitation materials to be
sent to the shareholders of UTVG in connection with the approval of the Exchange
and the transactions contemplated by the Transactional Agreements.

                                   ARTICLE IX.
                                   TERMINATION

9.1   TERMINATION.

This Agreement may be renegotiated or terminated and the Exchange abandoned at
any time prior to the Closing Date:

(a) by mutual written consent of UTVG, YZL, TGD, and the Shareholders;

(b) by UTVG if it is not satisfied with the results of its due diligence of TGD
for any reason;

(c) by UTVG if (i) there is a material Breach of any covenant or obligation of
TGD or the Shareholders; provided however, that if such Breach or Breaches are
capable of being cured prior to the Closing Date, such Breach or Breaches shall
not have been cured within 10 days of delivery of the written notice of such
Breach, or (ii) UTVG reasonably determines that the timely satisfaction of any
condition set forth in Article VI has become impossible or impractical (other
than as a result of any failure on the part of UTVG to comply with or perform
its covenants and obligations under this Agreement or any of the other
Transactional Agreements);

(d) by TGD if (i) there is a material Breach of any covenant or obligation of
UTVG; provided however, that if such Breach or Breaches are capable of being
cured prior to the Closing Date, such Breach or Breaches shall not have been
cured within 10 days of delivery of the written notice of such Breach, or (ii)
TGD reasonably determines that the timely satisfaction of any condition set
forth in Article VII has become impossible or impractical (other than as a
result of any failure on the part of TGD or any Shareholder to comply with or
perform any covenant or obligation set forth in this Agreement or any of the
other Transactional Agreements);

(e) by UTVG if the Closing has not taken place on or before December 31, 2007
(except if as a result of any failure on the part of UTVG to comply with or
perform its covenants and obligations under this Agreement or in any other
Transactional Agreement);

(f) by TGD if the Closing has not taken place on or before December 31, 2007
(except if as a result of the failure on the part of TGD or the Shareholders to
comply with or perform any covenant or obligation set forth in this Agreement or
in any other Transactional Agreement);

(g) by any of UTVG, on the one hand or TGD, on the other hand, if any court of
competent jurisdiction in the United States or other United States governmental
body shall have issued an order, decree or ruling or taken any other action
restraining, enjoining or otherwise prohibiting the Exchange and such order,
decree, ruling or any other action shall have become final and non-appealable;
provided, however, that the party seeking to terminate this Agreement pursuant
to this clause (g) shall have used all commercially reasonable efforts to remove
such order, decree or ruling; or

<PAGE>

(h) The parties hereby agree and acknowledge that a breach of the provisions of
Sections 4.1, 4.2, 4.3, 4.4 and 4.6 are, without limitation, material Breaches
of this Agreement.

9.2   TERMINATION PROCEDURES.

If UTVG wishes to terminate this Agreement pursuant to Section 9.1, UTVG shall
deliver to the Shareholders, TGD a written notice stating that UTVG is
terminating this Agreement and setting forth a brief description of the basis on
which UTVG is terminating this Agreement. If TGD wishes to terminate this
Agreement pursuant to Section 9.1, TGD, as applicable, shall deliver to UTVG a
written notice stating that TGD is terminating this Agreement and setting forth
a brief description of the basis on which TGD is terminating this Agreement.

9.3   EFFECT OF TERMINATION.

In the event of termination of this Agreement as provided above, this Agreement
shall forthwith have no further effect. Except for a termination resulting from
a Breach by a party to this Agreement, there shall be no liability or obligation
on the part of any party hereto. In the event of a breach, the remedies of the
non-breaching party shall be to seek damages from the breaching party or to
obtain an order for specific performance, in addition to or in lieu of other
remedies provided herein. Upon request after termination, each party will
redeliver or, at the option of the party receiving such request, destroy all
reports, work papers and other material of any other party relating to the
Exchange, whether obtained before or after the execution hereof, to the party
furnishing same; provided, however, that TGD and the Shareholders shall, in all
events, remain bound by and continue to be subject to Section 4.6 and all
parties shall in all events remain bound by and continue to be subject to
Section 5.4 and 5.5.

Notwithstanding the above, both UTVG, on the one hand, and TGD and the
Shareholders, on the other hand, shall be entitled to announce the termination
of this Agreement by means of a mutually acceptable press release.

                                   ARTICLE X.
                                  MISCELLANEOUS

10.1  SURVIVAL OF REPRESENTATIONS AND WARRANTIES.

All representations and warranties of TGD and the Shareholders in this Agreement
and the TGD Disclosure Schedule shall survive shall survive indefinitely. The
right to indemnification, reimbursement or other remedy based on such
representations and warranties will not be affected by any investigation
conducted by the parties.

10.2  EXPENSES.

Except as otherwise set forth herein, each of the parties to the Exchange shall
bear its own expenses incurred in connection with the negotiation and
consummation of the transactions contemplated by this Agreement.

10.3  ENTIRE AGREEMENT.

This Agreement and the other Transactional Agreements contain the entire
agreement of the parties hereto, and supersede any prior written or oral
agreements between them concerning the subject matter contained herein, or

<PAGE>

therein. There are no representations, agreements, arrangements or
understandings, oral or written, between the parties to this Agreement, relating
to the subject matter contained in this Agreement and the other Transaction
Agreements, which are not fully expressed herein or therein. The schedules and
each exhibit attached to this Agreement or delivered pursuant to this Agreement
are incorporated herein by this reference and constitute a part of this
Agreement.

10.4  COUNTERPARTS

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

10.5  DESCRIPTIVE HEADINGS.

The Article and Section headings in this Agreement are for convenience only and
shall not affect the meanings or construction of any provision of this
Agreement.

10.6  NOTICES.

Any notices required or permitted to be given under this Agreement shall be in
writing and shall be deemed sufficiently given on the earlier to occur of the
date of personal delivery, the date of receipt or three (3) days after posting
by overnight courier or registered or certified mail, postage prepaid, addressed
as follows:

If to UTVG,         c/o Universal Travel Group,
YZL:                10940 Wilshire Blvd. Suite 1600
                    Los Angeles, CA 90024
                    Attention: President

If to TGD or        Tianjin Golden Dragon International Travel Service Co., Ltd.
the                 XinLi Building D, 5th Floor
Shareholders:       New Culture Garden
                    Fuan Street, Heping District
                    Tianjin, PR of China
                    Attention: President

To such address or addresses as a party shall have previously designated by
notice to the sender given in accordance with this section.

10.7  CHOICE OF LAW.

This Agreement shall be construed in accordance with and governed by the laws of
the State of New York without regard to choice of law principles. The parties
hereto each consent to the non-exclusive jurisdiction of the courts of the state
of New York, county of New York and to the federal courts located in the county
of New York, State of New York.

10.8  BINDING EFFECT; BENEFITS.

This Agreement shall inure to the benefit of and be binding upon the parties and
their respective successors and permitted assigns. Nothing in this Agreement,
express or implied, is intended to confer on any Person other than the parties
or their respective successors and permitted assigns, the Shareholders and other
Persons expressly referred to herein, any rights, remedies, obligations or
liabilities under or by reason of this Agreement.

<PAGE>

10.9  ASSIGNABILITY.

Neither this Agreement nor any of the parties' rights hereunder shall be
assignable by any party without the prior written consent of the other parties
and any attempted assignment without such consent shall be void.

10.10 WAIVER AND AMENDMENT.

Any term or provision of this Agreement may be waived at any time by the party,
which is entitled to the benefits thereof. The waiver by any party of a breach
of any provision of this Agreement shall not operate or be construed as a waiver
of any subsequent breach. The parties may, by mutual agreement in writing, amend
this Agreement in any respect. TGD and the Shareholders hereby acknowledge their
intent that this Agreement includes as a party any holder of capital stock in
TGD at the time of Closing. UTVG, YZL, TGD, and the Shareholders therefore agree
that this Agreement may be amended, without the further consent of any party to
this Agreement, (i) to add as a new Shareholder any existing shareholder of TGD
and (ii) to modify Schedule 1 to reflect the addition of such shareholder.

10.11 ATTORNEYS' FEES.

In the event of any action or proceeding to enforce the terms and conditions of
this Agreement, the prevailing party shall be entitled to an award of reasonable
attorneys' and experts' fees and costs, in addition to such other relief as may
be granted.

10.12 SEVERABILITY.

If any provision of this Agreement is held invalid or unenforceable by any court
of competent jurisdiction, the other provisions of this Agreement will remain in
full force and effect. Any provision of this Agreement held invalid or
unenforceable only in part or degree will remain in full force and effect to the
extent not held invalid or unenforceable.

10.13 CONSTRUCTION.

In executing this Agreement, the parties severally acknowledge and represent
that each: (a) has fully and carefully read and considered this Agreement; (b)
has or has had the opportunity to consult independent legal counsel regarding
the legal effect and meaning of this document and all terms and conditions
hereof; (c) has been afforded the opportunity to negotiate as to any and all
terms hereof; and (d) is executing this Agreement voluntarily, free from any
influence, coercion or duress of any kind. The language used in this Agreement
will be deemed to be the language chosen by the parties to express their mutual
intent, and no rule of strict construction will be applied against any party.

<PAGE>

IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto as of
the day and year first above written.

                              UNIVERSAL TRAVEL GROUP

                              SHENZHEN YU ZHI LU AVIATION SERVICE
                              COMPANY LIMITED

                              By:    /s/
                                     -------------------------------------------
                              Name:  Jiangping Jiang
                              Title: Chairman and CEO of each of the above named
                                     Companies

                              TIANJIN GOLDEN DRAGON INTERNATIONAL
                              TRAVEL SERVICE CO., LTD.

                              SHAREHOLDERS

                              /s/
                              --------------------------------------------------
                              Name:  Xuetian Yuan
                              Title: Shareholders

                              /s/
                              --------------------------------------------------
                              Name:  Jinwei Chen
                              Title: Shareholders

<PAGE>

                                    EXHIBIT A
                               CERTAIN DEFINITIONS

For purposes of the Agreement (including this Exhibit A):

"Agreement" shall mean the Share Exchange Agreement to which this Exhibit A is
attached (including all Disclosure Schedules and all Exhibits), as it may be
amended from time to time.

"Approved Plans" shall mean a stock option or similar plan for the benefit of
employees or others, which has been approved by the shareholders of TGD.

"Breach" There shall be deemed to be a "Breach" of a representation, warranty,
covenant, obligation or other provision if there is or has been any inaccuracy
in or breach of, or any failure to comply with or perform, such representation,
warranty, covenant, obligation or other provision.

"Certificates" shall have the meaning specified in Section 1.3 of the Agreement.

"Closing" shall have the meaning specified in Section 1.5 of the Agreement.

"Closing Date" shall have the meaning specified in Section 1.5 of the Agreement.

"Code" shall mean the Internal Revenue Code of 1986, as amended, or the
comparable tax code applicable to TGD in those countries in which it is subject
to taxation.

"Confidential Information" shall mean all nonpublic information disclosed by one
party or its agents (the "Disclosing Party") to the other party or its agents
(the "Receiving Party") that is designated as confidential or that, given the
nature of the information or the circumstances surrounding its disclosure,
reasonably should be considered as confidential. Confidential Information
includes, without limitation (i) nonpublic information relating to the
Disclosing Party's technology, customers, vendors, suppliers, business plans,
intellectual property, promotional and marketing activities, finances,
agreements, transactions, financial information and other business affairs, and
(ii) third-party information that the Disclosing Party is obligated to keep
confidential. Confidential Information does not include any information that (i)
is or becomes publicly available without breach of this Agreement, (ii) can be
shown by documentation to have been known to the Receiving Party at the time of
its receipt from the Disclosing Party, (iii) is received from a third party who,
to the knowledge of the Receiving Party, did not acquire or disclose such
information by a wrongful or tortuous act, or (iv) can be shown by documentation
to have been independently developed by the Receiving Party without reference to
any Confidential Information.

"Consent" shall mean any approval, consent, ratification, permission, waiver or
authorization (including any Governmental Authorization).

"Disclosure Schedule Update" shall have the meaning specified in Section 4.4 of
the Agreement.

"Entity" shall mean any corporation (including any non profit corporation),
general partnership, limited partnership, limited liability partnership, joint
venture, estate, trust, cooperative, foundation, society, political party,
union, company (including any limited liability company or joint stock company),
firm or other enterprise, association, organization or entity.

"Environmental Laws" shall mean any Law or other requirement relating to the
protection of the environment, health, or safety from the release or disposal of
hazardous materials.

"Environmental Permit" means all licenses, permits, authorizations, approvals,
franchises and rights required under any applicable Environmental Law or Order.

<PAGE>

"Equity Security" shall mean any stock or similar security, including, without
limitation, securities containing equity features and securities containing
profit participation features, or any security convertible into or exchangeable
for, with or without consideration, any stock or similar security, or any
security carrying any warrant, right or option to subscribe to or purchase any
shares of capital stock, or any such warrant or right.

"Exchange Act" means the Securities Exchange Act of 1934, as amended.

"GAAP" shall mean Generally Accepted Accounting Principles, applied on a
consistent basis.

"Governmental Authorization" shall mean any:

(a) permit, license, certificate, franchise, concession, approval, consent,
ratification, permission, clearance, confirmation, endorsement, waiver,
certification, designation, rating, registration, qualification or authorization
that is issued, granted, given or otherwise made available by or under the
authority of any Governmental Body or pursuant to any Law; or

(b) right under any contract with any Governmental Body.

"Governmental Body" shall mean any:

(a) nation, principality, state, federation, commonwealth, province, territory,
county, municipality, district or other jurisdiction, national or local, of any
nature;

(b) governmental or quasi-governmental authority of any nature (including any
governmental division, subdivision, department, agency, bureau, branch, office,
commission, council, board, instrumentality, officer, official, representative,
organization, unit, body or Entity and any court or other tribunal); or

(c) individual, Entity or body exercising, or entitled to exercise, any
executive, legislative, judicial, administrative, regulatory, police, military
or taxing authority or power of any nature, including any court, arbitrator,
administrative agency or commissioner, or other governmental authority or
instrumentality.

"Indebtedness" shall mean any obligation, contingent or otherwise. Any
obligation secured by a Lien on, or payable out of the proceeds of, or
production from, property of the relevant party will be deemed to be
Indebtedness.

"Intellectual Property" means all industrial and intellectual property,
including, without limitation, all U.S. and non-U.S. patents, patent
applications, patent rights, trademarks, trademark applications, common law
trademarks, Internet domain names, trade names, service marks, service mark
applications, common law service marks, and the goodwill associated therewith,
copyrights, in both published and unpublished works, whether registered or
unregistered, copyright applications, franchises, licenses, know-how, trade
secrets, technical data, designs, customer lists, confidential and proprietary
information, processes and formulae, all computer software programs or
applications, layouts, inventions, development tools and all documentation and
media constituting, describing or relating to the above, including manuals,
memoranda, and records, whether such intellectual property has been created,
applied for or obtained anywhere throughout the world.

"Knowledge" A corporation shall be deemed to have "knowledge" of a particular
fact or matter only if a director or officer of such corporation has, had or
should have had knowledge of such fact or matter.

"Laws" means, with respect to any Person, any U.S. or non-U.S. federal,
national, state, provincial, local, municipal, international, multinational or
other law (including common law), constitution, statute, code, ordinance, rule,
regulation or treaty applicable to such Person.

<PAGE>

"Lien" shall mean any mortgage, pledge, security interest, encumbrance, lien or
charge, right of first refusal, encumbrance or other adverse claim or interest
of any kind, including, without limitation, any conditional sale or other title
retention agreement, any lease in the nature thereof and the filing of or
agreement to give any financing statement under the Uniform Commercial Code of
any jurisdiction and including any lien or charge arising by Law.

"Material Adverse Effect" means any change, effect or circumstance which,
individually or in the aggregate, would reasonably be expected to (a) have a
material adverse effect on the business, assets, financial condition or results
of operations of the affected party, in each case taken as a whole or (b)
materially impair the ability of the affected party to perform its obligations
under this Agreement and the Transaction Agreements, excluding any change,
effect or circumstance resulting from (i) the announcement, tendency or
consummation of the transactions contemplated by this Agreement, (ii) changes in
the United States securities markets generally, or (iii) changes in general
economic, currency exchange rate, political or regulatory conditions in
industries in which the affected party operates.

"Material Contract" means any and all agreements, contracts, arrangements,
understandings, leases, commitments or otherwise, providing for potential
payments by or to the company in excess of $10,000, and the amendments,
supplements and modifications thereto.

"Order" shall mean any award, decision, injunction, judgment, order, ruling,
subpoena, or verdict entered, issued, made, or rendered by any Governmental
Body.

"Ordinary Course of Business" shall mean an action taken by TGD if (i) such
action is taken in normal operation, consistent with past practices, (ii) such
action is not required to be authorized by the Shareholders, Board of Directors
or any committee of the Board of the Directors or other governing body of TGD
and (iii) does not require any separate or special authorization or consent of
any nature by any Governmental Body or third party.

"Permitted Liens" shall mean (a) Liens for Taxes not yet payable or in respect
of which the validity thereof is being contested in good faith by appropriate
proceedings and for the payment of which the relevant party has made adequate
reserves; (b) Liens in respect of pledges or deposits under workmen's
compensation laws or similar legislation, carriers, warehousemen, mechanics,
laborers and materialmen and similar Liens, if the obligations secured by such
Liens are not then delinquent or are being contested in good faith by
appropriate proceedings conducted and for the payment of which the relevant
party has made adequate reserves; and (c) statutory Liens incidental to the
conduct of the business of the relevant party which were not incurred in
connection with the borrowing of money or the obtaining of advances or credits
and that do not in the aggregate materially detract from the value of its
property or materially impair the use thereof in the operation of its business.

"Person" shall mean any individual, Entity or Governmental Body.

"Pre-Closing Period" shall mean the period commencing as of the date of the
Agreement and ending on the Closing Date.

"Proceeding" shall mean any action, suit, litigation, arbitration, proceeding
(including any civil, criminal, administrative, investigative or appellate
proceeding and any informal proceeding), prosecution, contest, hearing, inquiry,
inquest, audit, examination or investigation, commenced, brought, conducted or
heard by or before, or otherwise has involved, any Governmental Body or any
arbitrator or arbitration panel.

"Representatives" of a specified party shall mean officers, directors,
employees, attorneys, accountants, advisors and representatives of such party,
including, without limitation, all subsidiaries of such specified party, and all
such Persons with respect to such subsidiaries. The Related Persons of TGD shall
be deemed to be "Representatives" of TGD, as applicable.

<PAGE>

"SEC" shall mean the Securities and Exchange Commission.

"Securities Act" shall mean the Securities Act of 1933, as amended.

"Taxes" shall mean all taxes, charges, fees, levies, imposts, duties and other
assessments, as applicable, imposed upon a Person by any Governmental Body
including, but not limited to, any income, alternative minimum or add-on,
estimated, gross income, gross receipts, sales, use, transfer, transactions,
intangibles, ad valorem, value-added, franchise, registration, title, license,
capital, paid-up capital, profits, withholding, payroll, employment,
unemployment, excise, severance, stamp, occupation, premium, real property,
recording, personal property, federal highway use, commercial rent,
environmental (including, but not limited to, taxes under Section 59A of the
Code) or windfall profit tax, custom, duty or other tax, governmental fee or
other like assessment or charge of any kind whatsoever, together with any
interest, penalties or additions to tax with respect to any of the foregoing;
and "Tax" means any of the foregoing Taxes.

"Tax Group" shall mean any federal, state, local or foreign consolidated,
affiliated, combined, unitary or other similar group of which TGD is now or was
formerly a member.

"Tax Return" shall mean any return, declaration, report, claim for refund or
credit, information return, statement or other similar document filed with any
Governmental Body with respect to Taxes, including any schedule or attachment
thereto, and including any amendment thereof.

"TGD" shall have the meaning specified in the first paragraph of the Agreement

"TGD Balance Sheet" shall mean TGD's audited balance sheet at December 31, 2006.

"TGD Disclosure Schedule" shall have the meaning specified in introduction to
Article II of the Agreement.

"Transactional Agreements" shall mean (a) this Agreement and (b) the Promissory
Note.

"UTVG" shall have the meaning specified in the first paragraph of the Agreement.

"UTVG Common Stock" shall mean the shares of common stock of UTVG.

"UTVG SEC Reports" shall have the meaning specified in Section 4.6 of the
Agreement.

<PAGE>

                                    EXHIBIT B
                             FORM OF PROMISSORY NOTE

                             UNIVERSAL TRAVEL GROUP

                                 PROMISSORY NOTE

            NO. ___                     $                   ______, 2007

FOR VALUE RECEIVED, the undersigned, Universal Travel Group, a Nevada
corporation (the "Maker"), hereby promises to pay to the order of _____________
(the "Payee"), the principal amount of $___________, all in accordance with the
provisions of this promissory note.

1. Payment of Principal. The principal amount of this promissory note shall be
payable in two installments of $ and $ on _________, 2008 and ________, 2009,
respectively.

2. No Interest. Under no circumstances shall interest accrue or be charged on
the unpaid principal balance of this promissory note.

3. Method of Payment. Payments hereunder shall be in lawful money of the United
States and shall be made to Payee at the following address or at such other
place as Payee may designate to Maker in writing: c/o
____________________________________________________.

4. Prepayment. This promissory note may be prepaid in whole or in part at any
time without penalty or premium by payment of all or any part of the outstanding
principal amount.

5. Unconditional Payment Obligation. No provision of this promissory note shall
alter or impair the obligation of the Maker, which is absolute and
unconditional, to pay the principal of this promissory note at the time and
place and in the currency herein prescribed.

6. Events of Default. If any of the following events ("Events of Default") shall
occur, Payee may, by notice to Maker, declare this promissory note and all
amounts payable hereunder to be due and payable, whereupon the same shall become
immediately due and payable:

(a) Maker shall become insolvent or admit in writing its inability to pay its
debts as they become due, or shall make a general assignment for the benefit of
creditors;

(b) Any proceedings shall be instituted by or against Maker seeking either (i)
an order for relief with respect to, or reorganization, arrangement, adjustment
or composition of, its debts under the United States Bankruptcy Code or under
any other law relating to bankruptcy, insolvency, reorganization, or relief of
debtors, or (ii) appointment of a trustee, receiver or similar official for
Maker or for any substantial part of its property;

(c) Maker's failure to conduct business in the ordinary course, dissolution or
termination of existence; or

(d) Maker's failure after __________, 2009 to repay the amounts due hereunder
within ten (10) days of receiving written notice from Payee that such amounts
are due and payable.

7. Waiver of Notice. Maker hereby waives presentment, demand, notice, protest
and all other demands and notices in connection with the delivery, acceptance,
performance and enforcement of this promissory note, and assents to extension of
the time of payment or forbearance or other indulgence without notice.

<PAGE>

8. Governing Law. This promissory note shall be construed in accordance with the
laws of the State of New York, without regard to its conflicts of laws rules.

9. Notices. All notices, requests, demands and other communications with respect
to this promissory note shall be given in person or forwarded by first class
United States mail, postage prepaid, registered or certified mail, with return
receipt requested, addressed to the party's address. Any notice, request, demand
or communication shall be deemed validly given and received upon delivery if
given in person, and on the 5th business day after deposit in the United States
mail if given by mail as provided for in the preceding sentence.

IN WITNESS WHEREOF, the Maker has executed and delivered this Note effective as
of ________, 2007.

                                                UNIVERSAL TRAVEL GROUP

                                                --------------------------------
                                                Ms. Jiangping Jiang
                                                Chairman of the Board and
                                                Chief Executive Officer

<PAGE>

                                    EXHIBIT B
                             FORM OF PROMISSORY NOTE

                             UNIVERSAL TRAVEL GROUP

                                 PROMISSORY NOTE

            NO. ___                     $                   ______, 2007

FOR VALUE RECEIVED, the undersigned, Universal Travel Group, a Nevada
corporation (the "Maker"), hereby promises to pay to the order of _____________
(the "Payee"), the principal amount of $___________, all in accordance with the
provisions of this promissory note.

1. Payment of Principal. The principal amount of this promissory note shall be
payable in two installments of $ and $ on _________, 2008, and __________, 2009,
respectively.

2. No Interest. Under no circumstances shall interest accrue or be charged on
the unpaid principal balance of this promissory note.

3. Method of Payment. Payments hereunder shall be in lawful money of the United
States and shall be made to Payee at the following address or at such other
place as Payee may designate to Maker in writing: c/o
____________________________________________________.

4. Prepayment. This promissory note may be prepaid in whole or in part at any
time without penalty or premium by payment of all or any part of the outstanding
principal amount.

5. Unconditional Payment Obligation. No provision of this promissory note shall
alter or impair the obligation of the Maker, which is absolute and
unconditional, to pay the principal of this promissory note at the time and
place and in the currency herein prescribed.

6. Events of Default. If any of the following events ("Events of Default") shall
occur, Payee may, by notice to Maker, declare this promissory note and all
amounts payable hereunder to be due and payable, whereupon the same shall become
immediately due and payable:

(a) Maker shall become insolvent or admit in writing its inability to pay its
debts as they become due, or shall make a general assignment for the benefit of
creditors;

(b) Any proceedings shall be instituted by or against Maker seeking either (i)
an order for relief with respect to, or reorganization, arrangement, adjustment
or composition of, its debts under the United States Bankruptcy Code or under
any other law relating to bankruptcy, insolvency, reorganization, or relief of
debtors, or (ii) appointment of a trustee, receiver or similar official for
Maker or for any substantial part of its property;

(c) Maker's failure to conduct business in the ordinary course, dissolution or
termination of existence; or

(d) Maker's failure after __________, 2009 to repay the amounts due hereunder
within ten (10) days of receiving written notice from Payee that such amounts
are due and payable.

7. Waiver of Notice. Maker hereby waives presentment, demand, notice, protest
and all other demands and notices in connection with the delivery, acceptance,
performance and enforcement of this promissory note, and assents to extension of
the time of payment or forbearance or other indulgence without notice.

<PAGE>

8. Governing Law. This promissory note shall be construed in accordance with the
laws of the State of New York, without regard to its conflicts of laws rules.

9. Notices. All notices, requests, demands and other communications with respect
to this promissory note shall be given in person or forwarded by first class
United States mail, postage prepaid, registered or certified mail, with return
receipt requested, addressed to the party's address. Any notice, request, demand
or communication shall be deemed validly given and received upon delivery if
given in person, and on the 5th business day after deposit in the United States
mail if given by mail as provided for in the preceding sentence.

IN WITNESS WHEREOF, the Maker has executed and delivered this Note effective as
of ________, 2007.

                                                UNIVERSAL TRAVEL GROUP

                                                --------------------------------
                                                Ms. Jiangping Jiang
                                                Chairman of the Board and
                                                Chief Executive Officer

<PAGE>

                                   SCHEDULE 1

                                TGD Shareholders

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
    Shareholders Name     Ownership Percentage of     Shares of UTVG Common      Principal Amount of UTVG
                                    TGD                Stock to be issued                 Notes
---------------------------------------------------------------------------------------------------------
<S>                                 <C>                  <C>                           <C>
Xuetian Yuan                        46%                  537,438 shares                $1,836,000
---------------------------------------------------------------------------------------------------------
Jinwei Chen                         44%                  516,362 shares                $1,764,000
---------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                                   SCHEDULE 2

                             TGD Disclosure Schedule

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