Document:

EXHIBIT 10.30
    

    

    

    
      CHANGE IN CONTROL SEVERANCE AGREEMENT

    

    
      THIS CHANGE IN CONTROL SEVERANCE AGREEMENT ("Agreement")
      is made and entered into as of the ___ day of ___________, 2008 by and
      between InPlay Technologies, Inc., a Nevada corporation (the "Company"),
      and _____________ (the "Executive").
    

    
      Recitals

    

    
      The Board of Directors of the Company (the "Board"), has
      determined that it is in the best interests of the Company and its
      shareholders to assure that the Company will have the continued
      dedication of the Executive, notwithstanding the possibility, threat, or
      occurrence of a Change of Control (as defined below) of the Company.
    

    
      The Board believes it is imperative to diminish the inevitable
      distraction of the Executive by virtue of the personal uncertainties and
      risks created by a pending or threatened Change of Control, to encourage
      the Executive's full attention and dedication to the Company currently
      and in the event of any proposed Change of Control, to provide the
      Executive with individual financial security and, in order to accomplish
      these objectives, the Board has caused the Company to enter into this
      Agreement.
    

    
      Agreement

    

    
      NOW, THEREFORE, in consideration of the premises and mutual covenants
      set forth herein, it is hereby agreed as follows:
    

    
      1. Change of Control. For the purpose of this Agreement, a
      "Change of Control" shall mean:
    

    
      (a) the acquisition, at any time after the date hereof, by any person,
      entity or "group", within the meaning of Section 13(d)(3) or 14(d)(2) of
      the Securities Exchange Act of 1934, as amended (the "Exchange
      Act"), of beneficial ownership (within the meaning of Rule 13d-3
      promulgated under the Exchange Act) of 50% or more of either the then
      outstanding shares of common stock or the combined voting power of the
      then outstanding voting securities of the Company entitled to vote
      generally in the election of directors; or
    

    
      (b) at any time after the date hereof, the six (6) individuals who, as
      of the date hereof, constitute the Board of Directors of the Company (as
      of the date hereof, the "Incumbent Board") cease for any
      reason to constitute at least a majority of Company’s Board of
      Directors; provided that any person becoming a director subsequent to
      the date hereof whose election, or nomination for election by the
      Company’s shareholders, was approved by a vote of at least a majority of
      the directors then comprising the Incumbent Board shall be, for purposes
      of this Agreement, considered as though such person were a member of the
      Incumbent Board; or
    

    
      (c) Approval by the shareholders of the Company, at any time after the
      date hereof, of: (i) a reorganization, merger, or consolidation with
      respect to which persons who were the shareholders of the Company
      immediately prior to such reorganization, merger, or consolidation do
      not, immediately thereafter, own more than 50% of the combined voting
      power entitled to vote generally in the election of directors of the
      reorganized, merged, or consolidated company's (or entity's) then
      outstanding voting securities in substantially the same proportions as
      their ownership immediately prior to such reorganization, merger, or
      consolidation; (ii) a liquidation or dissolution of the Company; or
      (iii) the sale of all or substantially all of the assets of the Company,
      unless the approved reorganization, merger, consolidation, liquidation,
      dissolution, or sale is subsequently abandoned.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      2. Termination Without Cause Or For Good Reason Following Change of
      Control.
    

    
      (a) For purposes of this Agreement, "Cause" shall mean: (i)
      an act or acts of personal dishonesty taken by the Executive and
      intended to result in substantial personal enrichment of the Executive
      at the expense of the Company; (ii) repeated violations by the Executive
      of the Executive's obligation to use his best efforts to promote the
      Company’s business which are demonstrably willful and deliberate on the
      Executive's part and which are not remedied in a reasonable period of
      time after receipt of written notice from the Company to the Executive;
      or (iii) the conviction of the Executive of a felony crime.
    

    
      (b) For purposes of this Agreement, “Good Reason” shall
      mean: (i) any reduction in the Executive’s base salary or benefits; (ii)
      a material reduction in the Executive’s responsibilities, functions, or
      authority; (iii) a change in the Company’s bonus or incentive
      compensation programs adversely affecting the Executive; (iv) the
      Company’s (or an affiliate’s) requiring the Executive to be based at any
      office or location more than fifty (50) miles from Executive’s location
      of employment as of the date of this Agreement, except for travel
      required in the performance of the Executive’s responsibilities; (v) any
      material acts or acts of dishonesty by Company directed toward or
      affecting the Executive; or (vi) any illegal act or instruction by the
      Company that directly affects the Executive that is not withdrawn after
      the Company is notified of the illegality by the Executive.
    

    
      (c) If, upon a Change of Control or at any time during the twelve (12)
      month period following a Change of Control, the Executive’s employment
      with the Company is terminated either (i) by the Company for any reason
      other than for Cause, or (ii) by the Executive for Good Reason, then:
    

    
      (i) the Company shall pay the Executive a sum equal to the Executive’s
      annual base salary (as in effect on the date hereof, on the date
      immediately preceding the Change in Control, or on the effective date of
      Executive’s termination of employment, whichever is greater), to be paid
      in a single lump sum within ten (10) days of the effective date of the
      Executive’s termination of employment;
    

    
      (ii) the Company shall pay the Executive a sum equal to the greater of
      all cash incentive compensation payable to the Executive on account of
      the current fiscal year as if the Executive had achieved 100% of all of
      Executive’s targets or goals for that fiscal year, or all cash incentive
      compensation actually paid to the Executive on account of the
      immediately preceding fiscal year, to be paid in a single lump sum
      within ten (10) days of the effective date of the Executive’s
      termination of employment;
    

    
      (iii) the Executive and/or the Executive’s family, as the case may be,
      shall be eligible for participation in and shall receive all benefits
      under welfare benefit plans, practices, policies and programs provided
      by the Company (including group medical, dental, vision, life,
      disability, accident and life insurance plans and programs) as of the
      date hereof or as of the effective date of the Executive’s termination
      of employment, whichever is greater, for twelve (12) months following
      the effective date of the Executive’s termination of employment; and
    

    
      (iv) any stock options granted by the Company to the Executive that
      remain unvested as of the effective date of Executive’s termination of
      employment shall become fully vested and exercisable as of such
      effective date.
    

    
      In no event shall the Executive be obligated to seek other employment or
      take any other action by way of mitigation of the amounts payable to the
      Executive pursuant to this agreement.
    

    
      3.  Confidential Information and Nonsolicitation of Employees
    

    
      (a) The Executive shall hold in a fiduciary capacity for the benefit of
      the Company all secret or confidential information, knowledge or data
      relating to the Company or any of its subsidiaries, and their respective
      businesses, which shall have been obtained by the Executive during the
      Executive's employment by the Company and which shall not be or become
      public knowledge (other than by acts by the Executive or his
      representatives in violation of this Agreement). After termination of
      the Executive's employment with the Company, the Executive shall not,
      without the prior written consent of the Company, communicate or divulge
      any such information, knowledge or data to anyone other than the Company
      and those designated by it.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      (b) While employed by the Company and for a period of 12 months
      following the date his employment is terminated, the Executive shall
      not, directly or indirectly, for himself or for any other person, firm,
      corporation, partnership, association or other entity, attempt to employ
      or enter into any contractual arrangement with any employee or former
      employee of the Company, unless such employee or former employee has not
      been employed by the Company for a period in excess of six months.
    

    
      4. Restrictive Covenant Agreement. Executive acknowledges and
      reaffirms, and agrees to abide by, all of the terms and conditions of
      the Confidentiality, Intellectual Property, and Restrictive Covenant
      Agreement that Executive previously executed with the Company (the “Restrictive
      Covenant Agreement”), including all of the terms and conditions
      thereof that survive the termination of Executive’s employment
      relationship with the Company. Executive acknowledges, represents, and
      agrees that: (i) a true and correct copy of the Restrictive Covenant
      Agreement is attached hereto as Exhibit A; (ii) the Restrictive Covenant
      Agreement is a valid and enforceable agreement, and that all of its
      terms and conditions are binding on Executive. Executive understands,
      acknowledges, and agrees that the Company would not enter into this
      Agreement with Executive without the acknowledgements, representations,
      and agreements made by Executive in this Section 4.
    

    
      5. Successors. This Agreement shall inure to the benefit of and
      be enforceable by the Executive’s legal representatives. This Agreement
      shall inure to the benefit of and be binding upon the Company and its
      successors and assigns.
    

    
      6. Miscellaneous
    

    
      (a) This Agreement shall be governed by and construed and enforced in
      accordance with the laws of the State of Arizona, without reference to
      principles of conflict of laws. The captions of this Agreement are not
      part of the provisions hereof and shall have no force or effect. This
      Agreement may not be amended or modified otherwise than by a written
      agreement executed by the parties hereto or their respective successors
      and legal representatives.
    

    
      (b) All notices and other communications hereunder shall be in writing
      and shall be given by hand delivery to the other party or by registered
      or certified mail, return receipt requested, postage prepaid, addressed
      as follows:
    

    	
           
        	
          
            If to the Executive:
          

        	

        
	

        	
           
        	

        
	

        	
           
        	

        
	

        	
           
        	

        
	

        	

        	
           
        
	

        	
          
            If to the Company:
          

        	

        
	

        	

        	
           
        
	

        	
          
            InPlay Technologies, Inc.
          

        	

        
	

        	
          
            13845 North Northsight Boulevard
          

        	

        
	

        	
          
            Scottsdale, Arizona  85260
          

        	

        
	

        	
          
            Attention: Steven P. Hanson
          

        	

        

    
      or to such other address as either party shall have furnished to the
      other in writing in accordance herewith. Notice and communications shall
      be effective when actually received by the addressee.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

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

    
      (d) The Company may withhold from any amounts payable under this
      Agreement such Federal, state or local taxes as shall be required to be
      withheld pursuant to any applicable law or regulation.
    

    
      (e) The Executive's failure to insist upon strict compliance with any
      provision hereof shall not be deemed to be a waiver of such provision or
      any other provision thereof.
    

    
      (f) This Agreement contains the entire understanding of the Company and
      the Executive with respect to the subject matter hereof.
    

    
      (g) This Agreement is not an employment contract for any particular term
      and, except as may be provided in any written employment agreement
      between the Company and Executive, if any, Executive’s employment at all
      times is and will continue to be for an unspecified duration and
      constitutes “at-will” employment, unless otherwise agreed to in writing
      by the Company and Executive. Executive acknowledges that this
      employment relationship may be terminated at any time, with or without
      cause, and with or without notice, at the option either of the Company
      or Executive. Executive agrees and acknowledges that nothing set forth
      in this Agreement or the existence of this Agreement shall alter or
      modify the at-will relationship between Executive and the Company. Upon
      a termination of the Executive's employment prior to a Change in
      Control, there shall be no further rights of the Executive under this
      Agreement.
    

    
      (h) Executive hereby waives any right to receive any severance payment
      or benefit that Executive may otherwise be entitled to receive after a
      Change in Control, other than those provided in this Agreement, for so
      long as this Agreement is in force and effect.
    

    

    

    
      IN WITNESS WHEREOF, the Executive has hereunto set his hand and,
      pursuant to the authorization from its Board of Directors, the Company
      has caused this agreement to be executed in its name on its behalf, all
      as of the day and year first above written.
    

    

    

    	
           
        	
           
        	

        
	

        	
          
            [EMPLOYEE NAME]
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            INPLAY TECHNOLOGIES, INC.
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
           
        	

        
	

        	

        	
          
            Steven P. Hanson
          

        	

        
	

        	

        	
          
            Chief Executive OfficerExhibit 10.1

                 INTERNATIONAL BUILDING TECHNOLOGIES, CO., LTD.

                        STOCK SALE AND PURCHASE AGREEMENT

     THIS  AGREEMENT  is  made  this  16th  day of  April  2008  by and  between
INTERNATIONAL  BUILDING  TECHNOLOGIES  GROUP INC., an US Publicly Traded Company
(OTCBB: INBG) or its subsidiaries (the "Purchaser" or "IBTGI" hereinafter),  and
Wuhan Intepower Co., Ltd., a China  corporation;  (the "Seller" or the "Company"
hereinafter),  based on the MOU of Stock Sales and Purchase  Agreement signed by
both parties on December 19, 2007, with the following terms and conditions:

     WHEREAS,  the  Seller  desires to sell to the  Purchaser  92% of the common
stock shares (the "Company Stock") of the Wuhan Wufeng  Machinery  Manufacturing
Co., Ltd., its 100% wholly owned  subsidiaries  and assets,  at a fixed price of
RMB11,000,000, representing the entire original assets of Wuhan Wufeng Machinery
Manufacturing  Co., Ltd. (the Machinery Co.  hereinafter).  The Seller agrees to
transfer  the  remaining  8% of the common  shares of the  Machinery  Co. to the
current senior  management staff at no cost; the Purchaser agrees to transfer 4%
of common  shares of the  Machinery  Co. to the current  management  staff at no
cost;  the  Purchaser  will hold 88% of the total common shares of the Machinery
Co. and the current senior  management of the Machinery Co. will hold 12% of the
Machinery Co. after closing.

     WHEREAS,  the  Purchaser  desires  to  purchase  the assets  foregoing  and
hereinafter provided;

     NOW, THEREFORE,  in consideration of the foregoing and the following mutual
covenants and agreements, the parties hereto agree as follows:

     1. Purchase of Stock.  At the closing of this  Agreement  (the  "Closing"),
upon the basis of the covenants, warranties and representations of the Purchaser
set forth in this Agreement, the Seller will sell, transfer, assign, and deliver
to the Purchaser with a certificate or certified  document that representing 88%
stock of the Machinery Co., clear of all liens, pledges, rights of third parties
and any other  encumbrances,  except as  otherwise  may be  permitted  hereunder
within 7 working days after signing of this Agreement.

     2. Compensation & Payment schedule.  Purchaser agrees to the following: (if
payment  is made in  currency  other  than  RMB,  the  exchange  rate will be in
accordance  with the daily exchange rate on the date the money is deposited into
the account)

     (1) Payment of RMB1,100,000  (10% of the total fixed price) payable in cash
within 7 working days after the signing of this  Agreement to the assigned  bank
account by the Seller.

     (2)  Issuance  of three  Convertible  Promissory  Notes with the  following
terms,  conditions  and  amount to the  Seller  within 7 working  days after the
signing of this Agreement as follows;

     (a) On or before June 30, 2008, upon  presentation of approved  acquisition
documents  from the local  government  authorities  to the  Purchaser by Seller,
subject to passing the audit as described at clause 4(b),  and  presentation  of

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the Convertible Promissory Note by Seller,  Purchaser agrees to pay RMB5,000,000
in cash with 7 working  days to the  assigned  bank  account;  or  exchange  for
equivalent value of common stock of IBTGI subject to the approval of the Seller.

     (b) On or before Sept.  30,  2008,  upon  legally  completion  of stock and
assets  transfer  between  two  parties,  and  presentation  of the  Convertible
Promissory Note by Seller,  Purchaser  agrees to pay RMB4,000,000 in cash with 7
working days to the assigned bank account;  or exchange for equivalent  value of
common stock of IBTGI subject to the approval of the Seller.

     (c) On or before  Dec.  20,  2008,  upon  presentation  of the  Convertible
Promissory  Note by Seller,  Purchaser  agrees to pay  RMB900,000 in cash with 7
working days to the assigned bank account;  or exchange for equivalent  value of
common stock of IBTGI subject to the approval of the Seller.

3.

     (a) Rights to contracts and business  relationships as set forth in Exhibit
B, attached herein.

     (b) Machinery,  technical, raw material,  marketing and other materials, as
set forth in Exhibit B, attached herein.

     (c)  Financial  Statements  for years 2005,  2006 and 2007, as set forth in
Exhibit B, attached herein.

     (d) Debts and  Litigation  (if any),  as set forth in Exhibit  B,  attached
herein.

     (e) Financial Statements for the year of 2008 up to March 31, 2008.

     (f) Patents and royalties

4. Other Conditions.

     (a)  Patent  &  Royalty  Agreement:  The  patents  that the  Machinery  Co.
currently  owns are to remain in the  Machinery  Co.  After the  closing of this
Agreement, the Machinery Co. owns all patents and royalties.

     (b) Audit  Requirements.  After execution of clause 2 (1) of this Agreement
between the Purchaser  and the Seller,  Seller is subject to satisfy a necessary
audit of the Machinery Co. as required by the Purchaser. Such audit is performed
by the  Purchaser's  approved  auditors,  or an internal  audit  performed by an
appointed  qualified PCOAB auditing  company.  The Purchaser will be responsible
for the fee that may occur for such audit  purpose.  Such audit  process must be
completed within 75 days after the signing of this Agreement.

     (c) On or Before Sept.  30, 2008, or within 7 days after the  completion of
the clause 2. (2). (b), both parties agree to enter into a separated  Consulting
Agreement that the Seller will provide further consulting services,  in order to

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assure the smooth  transactions of management and operation of the Machinery Co.
Such Consulting Agreement will be signed with terms and conditions agreed by two
parties.

     5. Reversal of Agreement. The Agreement between the Parties may be reversed
and the  original  cash or stock  returned  to each of the Parties if one of the
following conditions prevails:

     (a)  Purchaser is unable to maintain the terms and  conditions of the Stock
Sale and Purchase Agreement.  In this event,  Purchaser agrees to compensate the
Seller that any and all cash payments made to the Seller will be forfeited.

     (b) The Seller is unable to maintain the terms and  conditions of the Stock
Sales and  Purchase  Agreement.  In this  event,  Seller  agrees  to  compensate
Purchaser 150% of the payments made by the Purchaser.

     (c) The  Machinery  Co. is  unable  to  maintain  the  assets  or  continue
operations. (This clause becomes void three months after closing)

     (d) Unable to pass the required  audit, or unable to obtain formal approval
from the local government  authority to change registration of shareholders that
are not either party's responsibilities.

6. Representations and Warranties of the Seller.

     Where a  representation  contained  in this  Agreement  is qualified by the
phrase "to the best of the  Seller's  knowledge"  (or words of similar  import),
such expression means that, after having conducted a due diligence  review,  the
Seller believes the statement to be true, accurate, and complete in all material
respects.  Knowledge shall not be imputed nor shall it include any matters which
such person  should have known or should have been  reasonably  expected to have
known. The Seller represents and warrants to the Purchaser as follows:

     (a) Power and  Authority.  The  Seller  has full  power  and  authority  to
execute,   deliver,  and  perform  this  Agreement  and  all  other  agreements,
certificates  or documents to be delivered in  connection  herewith,  including,
without   limitation,   the  other   agreements,   certificates   and  documents
contemplated hereby (collectively the "Other Agreements").

     (b) Binding  Effect.  Upon  execution  and  delivery  by the  Seller,  this
Agreement and the Other  Agreements  shall be and constitute the valid,  binding
and  legal  obligations  of  the  Seller,  enforceable  against  the  Seller  in
accordance  with the terms  hereof  and  thereof,  except as the  enforceability
hereof or thereof may be subject to the effect of (i) any applicable bankruptcy,
insolvency, reorganization,  moratorium or similar laws relating to or affecting
creditors' rights generally,  and (ii) general  principles of equity (regardless
of whether such  enforceability  is  considered  in a proceeding in equity or at
law).

     (c) Effect.  Neither the  execution  and delivery of this  Agreement or the
Other Agreements nor full performance by the Seller of its obligations hereunder
or thereunder will violate or breach, or otherwise  constitute or give rise to a
default  under,  the terms or  provisions  of the Articles of  Incorporation  or
Bylaws of the Company or, of any contract, commitment or other obligation of the
Machinery  Co. or the Seller or necessary for the operation of the Machinery Co.
following the Closing or any other contract,  commitment, or other obligation to
which the  Seller or the  Machinery  Co. is a party,  or create or result in the
creation of any  encumbrance  on any of the  property of the  Machinery  Co. The

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Machinery Co. is not in violation of its Articles of Incorporation,  as amended,
it's Bylaws, as amended, or of any indebtedness,  mortgage,  contract, lease, or
other agreement or commitment.

     (d) No Consents. No consent, approval or authorization of, or registration,
declaration or filing with any third party,  including,  but not limited to, any
governmental  department,  agency,  commission or other  instrumentality,  will,
except such consents,  if any, delivered or obtained on or prior to the Closing,
be  obtained  or made by the  Seller  prior  to the  Closing  to  authorize  the
execution, delivery and performance by the Seller of this Agreement or the Other
Agreements which are listed on Exhibit D.

     (e) Ownership of the Shares/stock to be Sold by the Seller. The Seller, who
is the only legal and beneficial owner of the Share/Stock,  has good,  absolute,
and  marketable  title  to 100%  shares  of the  Seller's  Company  Stock  which
constitute  100% percent of the issued and  outstanding  shares of the Machinery
Co.  Share/Stock.  The  shares of the Stock to be sold by the  Seller  hereunder
constitute  all of the shares of the capital  stock of the Company  owned by the
Seller. The Seller has the complete and unrestricted  right, power and authority
to cause the sale,  transfer,  and  assignment  of the  Stock  pursuant  to this
Agreement.  The delivery of the Stock to the  Purchaser  as herein  contemplated
will vest in the Purchaser good,  absolute and marketable title to the shares of
the  Stock  as  described  herein,   free  and  clear  of  all  liens,   claims,
encumbrances,  and restrictions of every kind, except those restrictions imposed
by applicable securities laws.

     (f) Subsidiaries.  As of the Closing,  the Seller or the Machinery Co. will
have report to the Purchaser for Machinery Co.'s  subsidiaries (if any), and any
other direct or indirect interests in any other companies,  partnerships,  joint
ventures,  limited  liability  companies  or other  persons  that may affect the
interest of the Purchaser.

     (i)  Capitalization  and  Other  Outstanding  Shares.  The  Seller  or  the
Machinery  Co. is authorized by its Articles of  Incorporation  when  submitting
application  to the  government  authority,  to issue 100%  shares of the Common
Stock,  and shares of Preferred  Stock.  As of the date of this  Agreement,  the
Seller or the  Machinery  Co. has no duly and  validly  issued and  outstanding,
fully  paid,  and  non-assessable  shares of the Common  Stock and shares of the
Preferred  Stock.  There are no  outstanding  options,  contracts,  commitments,
warrants, preemptive rights, agreements or any rights of any character affecting
or relating in any manner,  including  without  limitation,  with respect to the
voting, sale, transfer, rights of first refusal, rights of first offer, proxy or
registration  or calls,  demands or  commitments of any kind, to the issuance of
the Stock or other  securities or entitling anyone to acquire the Stock or other
securities  of the Seller or the  Machinery  Co.,  whether  directly or upon the
exercise or conversion of other securities.  There are, and at the Closing there
will be, no outstanding  contractual  obligations of the Seller or the Machinery
Co. to repurchase,  redeem or otherwise  acquire any shares of their  respective
capital stock or to provide funds to, or make any  investment  (in the form of a
loan, capital  contribution or otherwise) in, any other entity or person.  There
are no anti-dilution or price  adjustment  provisions  contained in any security
issued by the Machinery Co.

     (g) Taxes. All state, provincial, city or local return, report, information
return or other document (including any related or supporting information) filed
or  required  to be filed  with any  governmental  body in  connection  with the
determination,  assessment or collection of any Taxes (as defined  below) or the
administration of any laws, regulations or administrative  requirements relating
to any  returns  that are or were  required  to be filed by the  Seller  and the
Machinery  Co.,  pursuant  to the laws or  administrative  requirements  of each
governmental  body with taxing power over it or its assets have been duly filed.
"Taxes" means all taxes,  charges,  fees, imposts,  levies or other assessments,
including,  without limitation, all net income, gross receipts,  capital, sales,
use, ad valorem, value added, transfer,  franchise,  profits, inventory, capital
stock, license, withholding, payroll, employment, social security, unemployment,
excise,  severance,  stamp,  occupation,  property and estimated taxes,  customs
duties, fees, assessments and charges of any kind whatsoever,  together with any
interest  and any  penalties,  fines,  additions  to tax or  additional  amounts
imposed by any governmental  body and shall include any transferee  liability in

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respect of Taxes.  There is no audit,  action,  suit,  claim,  proceeding or any
investigation  or inquiry,  whether formal or informal,  public or private,  now
pending or  threatened  against or with respect to the Seller and the  Machinery
Co.  in  respect  of any  Tax.  There  exists  no tax  assessment,  proposed  or
otherwise,  against the Seller or the Company nor any lien for Taxes against any
assets or  property of the Seller or the  Company.  All Taxes that the Seller or
the  Machinery  Co. are or were  required to withhold or collect  have been duly
withheld or collected and, to the extent required,  have been paid to the proper
governmental  body.  Neither  the Seller nor the  Machinery  Co. are a party to,
bound by or subject to any obligation under any tax sharing, tax indemnity,  tax
allocation  or  similar  agreement.  There is no  claim,  audit,  action,  suit,
proceeding, or investigation with respect to Taxes due or claimed to be due from
the Seller or the  Machinery  Co. or of any Tax Return  filed or  required to be
filed by the Seller or the Machinery Co.  pending or threatened  against or with
respect to the Seller or.

     (h)  Litigation.  Other than as set forth in Exhibit  D,  attached  herein,
there is no action, suit, hearing,  inquiry, review, proceeding or investigation
by or before any court or governmental  body pending,  or threatened  against or
involving  the Seller or  Machinery  Co., its  affiliates  or the Seller or with
respect to the  activities of any employee or agent of the Company.  Neither the
Seller nor  Machinery  Co. have  received any notice of any event or  occurrence
which  could  result  in  any  such  action,  suit,  hearing,  inquiry,  review,
proceeding or investigation.

     (i) Records. The books of account and minute books of the Machinery Co. are
complete and correct, and reflect all those transactions  involving its business
which properly should have been set forth in such books.

     (j) Internal Accounting Controls. The Seller or the Machinery Co. maintains
a system of internal  accounting  controls  sufficient,  in the  judgment of the
Seller  or the  Machinery  Co.'s  board  of  directors,  to  provide  reasonable
assurance that (i)  transactions  are executed in accordance  with  management's
general or specific authorizations,  (ii) transactions are recorded as necessary
to permit  preparation  of financial  statements  in conformity  with  generally
accepted  accounting  principles  and to maintain  asset  accountability,  (iii)
access to assets is permitted only in accordance  with  management's  general or
specific  authorization  and (iv) the  recorded  accountability  for  assets  is
compared with the existing assets at reasonable intervals and appropriate action
is taken  with  respect  to any  differences.  The books of  account,  corporate
records and minute  books of the  Machinery  Co. are complete and correct in all
material respects.

     (k) Stock  Issuances.  All  issuances by the Seller or the Machinery Co. of
stock in past  transactions  have been legally and validly  affected and were in
full compliance with the  requirements and in full compliance with and according
to the law requirements of China and the Articles of  Incorporation  and By-laws
of the Seller and the Machinery Co.

     (l) Anti-takeover Plan; State Takeover Statutes.  Neither the Company,  nor
the  Machinery  Co.  and nor any of its  subsidiaries  has in  effect  any plan,
scheme, device or arrangement, commonly or colloquially known as a "poison pill"
or "anti-takeover" plan or similar plan, scheme, device or arrangement. No other
state takeover  statute or similar statute or regulation  applies or purports to
apply to this agreement or the transactions contemplated hereby.

     (m) The Seller's  Representations  and  Warranties  True and Complete.  All
representations  and  warranties  of the Seller in this  Agreement and the Other
Agreements  are true,  accurate and complete in all material  respects as of the
Closing.

     (n) No Knowledge of the  Purchaser's  Default.  The Seller has no knowledge
that any of the  Purchaser's  representations  and warranties  contained in this
Agreement or the Other  Agreements are untrue,  inaccurate or incomplete or that

                                       5
<PAGE>
the Purchaser is in default under any term or provision of this Agreement or the
Other Agreements.

     (o) No Untrue  Statements.  No  representation or warranty by the Seller in
this Agreement or in any writing  furnished or to be furnished  pursuant hereto,
contains or will contain any untrue  statement of a material fact, or omits,  or
will omit to state any material fact required to make the  statements  herein or
therein contained not misleading.

     (p) Reliance. The foregoing  representations and warranties are made by the
Seller with the knowledge and expectation that the Purchaser is placing complete
reliance thereon.

     (q) Conduct of Business in Normal  Course.  The Seller or the Machinery Co.
will carry on its business and  activities in  substantially  the same manner as
they  previously  have been  carried out and will not  institute  any unusual or
novel methods of manufacture,  purchase, sale, lease, management, accounting, or
operation that vary  materially from those methods used by the Company as of the
date of this Agreement.

     (r) Issuances of Securities. The Seller or the Machinery Co. will not issue
any shares of its  capital  stock,  issue or create any  warrants,  obligations,
subscriptions, options, convertible securities, or other commitments under which
any  additional  shares of its  capital  stock of any class might be directly or
indirectly  authorized,  issued,  or transferred from government  authority,  or
agree to do any of the acts listed above.

     7. Representations and Warranties of the Purchaser.  Where a representation
contained  in this  Agreement  is  qualified  by the  phrase "to the best of the
Purchaser's knowledge" (or words of similar import), such expression means that,
after  having  conducted a due  diligence  review,  the  Purchaser  believes the
statement to be true, accurate, and complete in all material respects. Knowledge
shall not be imputed nor shall it include any matters  which such person  should
have known or should have been reasonably  expected to have known. The Purchaser
hereby represents and warrants to the Seller as follows:

     (a) Power and  Authority.  The  Purchaser  has full power and  authority to
execute, deliver and perform this Agreement and the Other Agreements

     (b) Binding  Effect.  Upon  execution and delivery by the  Purchaser,  this
Agreement and the Other  Agreements  shall be and constitute the valid,  binding
and legal  obligations  of the  Purchaser  enforceable  against the Purchaser in
accordance with the terms hereof or thereof, except as the enforceability hereof
and  thereof  may be  subject to the  effect of (i) any  applicable  bankruptcy,
insolvency, reorganization,  moratorium or similar laws relating to or affecting
creditors' rights generally,  and (ii) general  principles of equity (regardless
of whether such  enforceability  is  considered  in a proceeding in equity or at
law).

     (c) No Consents. No consent, approval or authorization of, or registration,
declaration or filing with any third party,  including,  but not limited to, any
governmental  department,  agency,  commission or other  instrumentality,  will,
except such consents,  if any, delivered or obtained on or prior to the Closing,
be  obtained or made by the  Purchaser  prior to the  Closing to  authorize  the
execution,  delivery and  performance  by the Purchaser of this Agreement or the
Other Agreements.

     (d) The Purchaser's  Representations and Warranties True and Complete.  All
representations  and warranties of the Purchaser in this Agreement and the Other
Agreements  are true,  accurate and complete in all material  respects as of the
Closing.

     (e) No Knowledge of the Seller's  Default.  The  Purchaser has no knowledge
that  any of the  Seller's  representations  and  warranties  contained  in this
Agreement or the Other  Agreements  are untrue,  inaccurate or incomplete in any

                                       6
<PAGE>
respect  or that the Seller is in default  under any term or  provision  of this
Agreement or the Other Agreements.

     (f) No Untrue Statements. No representation or warranty by the Purchaser in
this Agreement or in any writing  furnished or to be furnished  pursuant hereto,
contains or will contain any untrue  statement of a material fact, or omits,  or
will omit to state any material fact required to make the  statements  herein or
therein contained not misleading.

     (g) Reliance. The foregoing  representations and warranties are made by the
Purchaser with the knowledge and expectation that the Seller is placing complete
reliance thereon.

     8. Conditions Precedent to Obligations of the Purchaser. All obligations of
the Purchaser under this Agreement are subject to the  fulfillment,  prior to or
at the Closing, of the following conditions:

     (a) Representations and Warranties True at the Closing. The representations
and  warranties of the Purchaser  herein shall be deemed to have been made again
as of the  Closing,  and  then be  true  and  correct,  subject  to any  changes
contemplated  by this  Agreement.  The Purchaser shall have performed all of the
obligations to be performed by it hereunder on or prior to the Closing.

     (b)  Deliveries at the Closing.  The Purchaser  shall have delivered to the
Seller at the Closing all of the documents required to be delivered hereunder.

     9.  Conditions  Precedent to Obligations of the Seller.  All obligations of
the Seller under this Agreement are subject to the  fulfillment,  prior to or at
the Closing, of the following conditions:

     (a)  Corporate  Records,  etc.  The  Seller  shall  have  delivered  to the
Purchaser the originals of the Articles of Incorporation,  Bylaws, minute books,
and  other  corporate  governance  materials  used  since the  inception  of the
Company.

     (b) Representations and Warranties True at Closing. The representations and
warranties  of the Seller  herein shall be deemed to have been made again at the
Closing,  and then be true and correct,  subject to any changes  contemplated by
this  Agreement.  The Seller shall have  performed all of the  obligations to be
performed by it hereunder on or prior to the Closing.

     (c) Payment of the Purchase  Price.  The Purchaser shall have delivered the
Compensation.

     10. The Nature and Survival of  Representations,  Covenants and Warranties.
All statements and facts contained in any memorandum,  certificate,  instrument,
or  other  document  delivered  by  or on  behalf  of  the  parties  hereto  for
information   or  reliance   pursuant  to  this   Agreement,   shall  be  deemed
representations,  covenants  and  warranties  by the parties  hereto  under this
Agreement.  All  representations,  covenants and warranties of the parties shall
survive the Closing and all  inspections,  examinations,  or audits on behalf of
the parties, shall expire one year following the Closing.

     11.  Indemnification by the Seller. The Seller agrees to indemnify and hold
harmless the Purchaser and its affiliates  against and in respect to all damages
(as  hereinafter  defined) up to the amount of the Purchase Price.  Damages,  as
used herein shall include any claim,  salary,  wage, action, tax, demand,  loss,
cost,  expense,  liability  (joint  or  several),  penalty,  and  other  damage,
including,  without  limitation,  counsel  fees and  other  costs  and  expenses
reasonably  incurred  in  investigating  or  attempting  to  avoid  same  or  in
opposition to the imposition thereof, or in enforcing this indemnity,  resulting
to the Purchaser from any inaccurate  representation made by or on behalf of the
Seller in or pursuant to this Agreement, breach of any of the warranties made by
or on behalf of the Seller in or pursuant to this  Agreement,  breach or default

                                       7
<PAGE>
in the performance by the Seller of any of the obligations to be performed by it
hereunder.  Any  damages  incurred  by the  Purchaser  shall first be settled by
deducing said amount from the Holdback Amount.

     Notwithstanding  the scope of the Seller's  representations  and warranties
herein, or of any individual  representation  or warranty,  or any disclosure to
the Purchaser herein or pursuant hereto,  or the definition of damages contained
in the preceding sentence,  or the Purchaser's knowledge of any fact or facts at
or prior to the Closing, damages shall also include all debts, liabilities,  and
obligations of any nature whatsoever (whether absolute, accrued,  contingent, or
otherwise,  and  whether due or to become  due) of the  Company,  as of the date
hereof,  whether known or unknown by the Seller; all claims,  actions,  demands,
losses,  costs,  expenses,  and  liabilities  resulting from any litigation from
causes of action  arising  prior to the  Closing  involving  the  Company or any
stockholders  thereof  other than the Seller,  whether or not  disclosed  to the
Purchaser; all claims, actions,  demands,  losses, costs, expenses,  liabilities
and  penalties  resulting  from  (i)  the  Company's   infringement  or  claimed
infringement  upon or acting  adversely  to the rights or claimed  rights of any
person  under or in respect to any  copyrights,  trademarks,  trademark  rights,
patents,  patent  rights or patent  licenses;  or (ii) any claim or  pending  or
threatened  action with  respect to the  matters  described  in clause (i);  all
claims,  actions,  demands,  losses, costs,  expenses,  liabilities or penalties
resulting  from the Company's  failure in any respect to perform any  obligation
required by it to be performed  at or prior to the Closing,  or by reason of any
default of the Company, at the Closing, under any of the contracts,  agreements,
leases,  documents,  or other  commitments  to which it is a party or  otherwise
bound or  affected;  and all losses,  costs,  and  expenses  (including  without
limitation all fees and disbursements of counsel) relating to damages.

     The Seller shall reimburse and/or pay on behalf of the Purchaser and/or the
Company on demand for any payment  made or required to be made by the  Purchaser
and/or the Company at any time after the Closing  based upon the judgment of any
court of  competent  jurisdiction  or  pursuant  to a bona  fide  compromise  or
settlement of claims, demands or actions, in respect to the damages to which the
foregoing  indemnity  relates.  The Purchaser shall give, or the Purchaser shall
cause the  Company  to give,  the  Seller  written  notice  within 30 days after
notification  of any  litigation  threatened or  instituted  against the Company
which  might  constitute  the basis of a claim for  indemnity  by the  Purchaser
and/or the Company against the Seller.

     Notwithstanding  anything contained in this Agreement to the contrary,  the
right to  indemnification  described  in this  paragraph  shall expire 18 months
after the Closing.

     12.  Records  of the  Company.  For a period of five  years  following  the
Closing,  the books of account  and records of the Seller or the  Machinery  Co.
pertaining to all periods prior to the Closing shall be available for inspection
by the Seller for use in connection with tax audits.

     13. Further Conveyances and Assurances.  After the Closing,  the Seller and
the Purchaser will,  without further cost or expense to, or consideration of any
nature  from the  other,  execute  and  deliver,  or cause  to be  executed  and
delivered,  to the other,  such  additional  documentation  and  instruments  of
transfer and conveyance,  and will take such other and further  actions,  as the
other may reasonably request as more completely to sell,  transfer and assign to
and fully vest in the Purchaser  ownership of the Assets and to  consummate  the
transactions contemplated hereby.

     14. Closing.  The Closing of the sale and purchase  contemplated  hereunder
shall be on or before Dec. 20, 2008,  subject to  acceleration  or  postponement
from time to time as the Seller and the Purchaser may mutually agree.

     15.  Deliveries  at the  Closing by the  Seller.  At the Closing the Seller
shall deliver to the Purchaser:

                                       8
<PAGE>
     (a) Certificates or Certified  Document as stated,  representing 88% of the
common stock shares of the Machinery Co., duly endorsed by the Seller,  free and
clear of all liens, claims, encumbrances,  and restrictions of every kind except
for the restrictive legend required by Paragraph 3 hereof.

     (b) Any other  document  which may be  necessary to carry out the intent of
this Agreement.

     16.  Deliveries  at the  Closing  by the  Purchaser.  At the  Closing,  the
Purchaser shall deliver to the Seller the following:

     (a) Compensation as set forth above.

     (b) Any other  document  which may be  necessary to carry out the intent of
this Agreement.

     17. No  Assignment.  This  Agreement  shall not be  assignable by any party
without the prior written  consent of the other parties,  which consent shall be
subject to such parties' sole, absolute and unfettered discretion.

     18.  Brokerage.  The Seller and the  Purchaser  agree to indemnify and hold
harmless each other against, and in respect of, any claim for brokerage or other
commissions relative to this Agreement, or the transactions contemplated hereby,
based in any way on agreements,  arrangements,  understandings or contracts made
by either party with a third party or parties whatsoever.

     19.  Mediation  and  Arbitration.  This  Agreement  is based on the law and
regulation of China; and in accordance to the  international  law and regulation
if the laws and  regulations  of China are  unable  to cover  such  issues.  All
disputes arising or related to this Agreement must exclusively be resolved first
by mediation  with a mediator  selected and agreed upon by the parties.  If such
mediation fails, then any such dispute shall be resolved by binding  arbitration
under the China  International  Trade Arbitration  Association in Beijing.  Such
arbitration is in English, will be final to each party and both parties will not
seek further judgment or assistance from any other jurisdiction.

     20.  Attorney's  Fees. In the event that it should become necessary for any
party entitled hereunder to bring suit against any other party to this Agreement
for enforcement of the covenants contained in this Agreement, the parties hereby
covenant and agree that the party or parties who are found to be in violation of
said covenants shall also be liable for all reasonable attorney's fees and costs
of court incurred by the other party or parties that bring suit.

     21.  Benefit.  All the  terms and  provisions  of this  Agreement  shall be
binding  upon and  inure to the  benefit  of and be  enforceable  by each of the
parties hereto, and his respective heirs,  executors,  administrators,  personal
representatives, successors and permitted assigns.

     22.  Notices.  All notices,  requests,  demands,  and other  communications
hereunder shall be in writing and delivered  personally or sent by registered or
certified mail, return receipt requested with postage prepaid, or by telecopy or
e-mail, if to the Seller,  addressed to Wuhan Intepower Co., Ltd., at 12/F, Gate
A, Guo Mao Xin Du Building,  562 Jianshe Ave.,  Wuhan Hubei Province,  PRC, post
code 430022, telephone number: 86-27-85352951,  facsimile number: 86-27-85352766
and if to the Purchaser, addressed to International Building Technologies, Group
Inc., at 1151 Harbor Bay Parkway Suite 202,  Alameda,  CA, USA 94502,  telephone
number, 001.510.814.3778,  facsimile number, 001.510.814.0366.  Any party hereto
may change its address upon 10 days' written notice to any other party hereto.

                                       9
<PAGE>
     23. Construction.  Words of any gender used in this Agreement shall be held
and  construed to include any other  gender,  and words in the  singular  number
shall be held to include the plural, and vice versa, unless the context requires
otherwise.

     24.  Waiver.  No course of dealing  on the part of any party  hereto or its
agents, or any failure or delay by any such party with respect to exercising any
right,  power or privilege of such party under this  Agreement or any instrument
referred to herein shall operate as a waiver thereof,  and any single or partial
exercise of any such right,  power or  privilege  shall not  preclude  any later
exercise  thereof  or any  exercise  of any  other  right,  power  or  privilege
hereunder or thereunder.

     25.  Cumulative  Rights.  The rights and  remedies  of any party under this
Agreement and the instruments executed or to be executed in connection herewith,
or any of them,  shall be cumulative and the exercise or partial exercise of any
such right or remedy  shall not  preclude  the  exercise  of any other  right or
remedy.

     26. Invalidity. In the event any one or more of the provisions contained in
this Agreement or in any instrument referred to herein or executed in connection
herewith shall, for any reason, be held to be invalid,  illegal or unenforceable
in any respect,  such  invalidity,  illegality,  or  unenforceability  shall not
affect the other provisions of this Agreement or any such other instrument.

     27.  Incorporation  by  Reference.  The  Attachments  and Schedules to this
Agreement  referred  to or included  herein  constitute  integral  parts to this
Agreement and are incorporated into this Agreement by this reference.

     28. Controlling  Agreement.  In the event of any conflict between the terms
of this Agreement or any of the Other Agreements or exhibits referred to herein,
the terms of this Agreement shall control.

     29.  Multiple  Counterparts.  This Agreement may be executed in one or more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.  A facsimile transmission
of this signed Agreement shall be legal and binding on all parties hereto.

     30.  Language  and copies:  This  Agreement  is written in both English and
Chinese  in 6 original  copies,  three  copies for each,  and has the same legal
effect and binding on all parties hereto.

     31. Entire  Agreement.  This instrument and the attachments  hereto contain
the entire  understanding of the parties and may not be changed orally, but only
by an instrument in writing signed by the party against whom  enforcement of any
waiver, change, modification, extension, or discharge is sought.

                             SIGNATURE PAGE FOLLOWS

                                       10
<PAGE>
     IN WITNESS  WHEREOF;  this  Agreement  has been  executed on the date first
written above.

                                FOR SELLER

                                Wuhan Intepower Co., Ltd.,

                                 By: /s/ Sun Ai Jun
                                    --------------------------------------------
                                    Sun Ai Jun, Chairman

                                 Date: April 17, 2008
                                      ----------------------

                                 FOR: PURCHASER

                                 International Building Technologies Group, Inc.

                                 By: /s/ Kenneth Yeung
                                    --------------------------------------------
                                    Kenneth Yeung, CEO

                                 Date: April 16, 2008
                                      ----------------------

                                 By: /s/ Peter Chin
                                    --------------------------------------------
                                    Peter Chin, Director

                                 Date: April 16, 2008
                                      ----------------------

                                       11
<PAGE>
                                   EXHIBIT A:

                           Convertible Promissory Note

                                       12
<PAGE>
                                   EXHIBIT B:

     (a)  All signed contracts and papers of business relationships.

     (b)  Machinery, technical, raw material, marketing and other materials.

     (c)  Financial Statements for years 2005, 2006 and 2007

     (d)  Debts and Litigation (if any).

     (e)  Financial Statements for the year of 2008 up to March 31, 2008.

                                       13

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