Document:

YOU On Demand Holdings, Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

Execution Copy 

OPTION AGREEMENT 

This Option Agreement (this “Agreement”) is dated
March 9, 2010, and is entered into in Beijing, People’s Republic of China
(“PRC” or “China”) by and between Sinotop Group
Limited (“Party A”), and Beijing Sino Top Scope Technology Co.,
Ltd. (“Party B”), and the undersigned shareholder(s) of Party B
(collectively, the “Shareholder”). Party A, Party B and the
Shareholder are each referred to in this Agreement as a “Party”
and collectively as the “Parties.” 

RECITALS 

1. Party B is engaged in the certain business activities in the
People’s Republic of China (the “Business”). Party A has the
expertise in consulting, and Party A and Party B have entered into a Management
Services Agreement dated as of March 9, 2010 to provide Party B with various
management, technical, consulting and other services in connection with the
Business. 

2. The Shareholder holds 100% of the issued and outstanding
equity interests of Party B (collectively the “Equity Interest”).

3. The Parties are entering into this Agreement in connection
with the Management Services Agreement. 

NOW, THEREFORE, the Parties to this Agreement hereby
agree as follows: 

AGREEMENT 

1. PURCHASE AND SALE OF EQUITY INTEREST 

1.1 Grant of Rights. The Shareholder (hereinafter the
“Transferor”) hereby irrevocably grants to Party A or a designee
of Party A (the “Designee”) an option to purchase at any time and
from time to time, to the extent permitted under PRC Law, all or any portion of
the Equity Interest in accordance with such procedures as determined by Party A,
at the price specified in Section 1.3 of this Agreement (the
“Option”). No Option shall be granted to any party other than to
Party A and/or a Designee. As used herein, Designee may be an individual person,
a corporation, a joint venture, a partnership, an enterprise, a trust or an
unincorporated organization. 

1.2 Exercise of Rights. According with the requirements
of applicable PRC laws and regulations, Party A and/or the Designee may exercise
the Option at any time or from time to time by issuing a written notice (the
“Notice”) to the Transferor and specifying the amount of the
Equity Interest to be purchased from the Transferor and the manner of purchase.

1.3 Purchase Price. 

Execution Copy 

1.3.1 The purchase price of the Equity Interest pursuant to an
exercise of the Option (the “Purchase Price”) shall be equal to
the original paid-in price (paid-in registered capital) of the Transferor,
adjusted proportionally for any purchase of less than all of the Equity
Interest, unless a different purchase price is mandated by applicable PRC laws
and regulations, in which case the minimum purchase price permitted by such laws
and regulations shall be the Purchase Price hereunder. 

1.4 Transfer of Equity Interest. Upon each exercise of
the Option under this Agreement: 

1.4.1 The Transferor shall hold or cause to be held a meeting
of shareholders of Party B in order to adopt such resolutions as necessary in
order to approve the transfer of the relevant Equity Interest (such Equity
Interest hereinafter the “Purchased Equity Interest”) to Party A
and/or the Desig-nee; 

1.4.2 The relevant Parties shall enter into an Equity Interest
Purchase Agreement, in a form reasonably acceptable to Party A, setting forth
the terms and conditions for the sale and transfer of the Purchased Equity
Interest; 

1.4.3 The relevant Parties shall execute, without any security
interest, all other requisite contracts, agreements or documents, obtain all
requisite approval and consent of the government, conduct all necessary actions,
transfer the valid ownership of the Purchased Equity Interest to Party A and/or
the Designee, and cause Party A and/or the Designee to be the registered owner
of the Purchased Equity Interest. As used herein, “security
interest” means any mortgage, pledge, right or interest of the third
party, purchase right of equity interest, right of acquisition, right of first
refusal, right of set-off, ownership detainment or other security arrangements;
provided, however, such term shall not include any security interest created
under that certain Equity Pledge Agreement dated as of March 9, 2010 by and
among the Parties (the “Pledge Agreement”). 

1.5 Payment. Payment of the purchase price shall be
determined through negotiations between the Transferor and Party A (including
the Designee) in accordance with the applicable laws at the time of the exercise
of the Option. 

2. REPRESENTATIONS RELATING TO EQUITY INTEREST 

2.1 Party B’s Representations. Party B hereby represents
and warrants: 

2.1.1 Without Party A’s prior written consent, Party B’s
Articles of Association shall not be supplemented, changed or renewed in any
way, Party B’s registered capital of shall not be increased or decreased, and
the structure of the registered capital shall not be changed in any form; 

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Execution Copy 

2.1.2 To maintain the corporate existence of Party B and to
prudently and effectively operate the business according with customary
fiduciary standards applicable to managers with respect to corporations and
their shareholders; 

2.1.3 Without Party A’s prior written consent, upon the
execution of this Agreement, to not sell, transfer, mortgage or dispose, in any
other form, any asset, legitimate or beneficial interest of business or income,
or encumber or approve any encumbrance or imposition of any security interest on
Party B’s assets; 

2.1.4 Without Party A’s prior written consent, to not issue or
provide any guarantee or permit the existence of any debt, other than (i) such
debt that may arise from Party B’s normal or daily business (excepting a loan);
and (ii) such debt which has been disclosed to Party A before this Agreement;

2.1.5 To operate and conduct all business operations in the
ordinary course of business, without damaging Party B’s business or the value of
its assets; 

2.1.6 Without Party A’s prior written consent, to not enter
into any material agreements, other than agreements entered into in the ordinary
course of business (for purpose of this paragraph, if any agreement for an
amount in excess of One Hundred Thousand Renminbi (RMB 100,000) shall be deemed
a material agreement); 

2.1.7 Without Party A’s prior written consent, to not provide
loan or credit to any other party or organization; 

2.1.8 To provide to Party A all relevant documents relating to
its business operations and finance at the request of Party A; 

2.1.9 To purchase and maintain general business insurance of
the type and amount comparable to those held by companies in the same industry,
with similar business operations and assets as Party B, from an insurance
company approved by Party A; 

2.1.10 Without Party A’s prior written consent, to not enter
into any merger, cooperation, acquisition or investment; 

2.1.11 To notify Party A of the occurrence or the potential
occurrence of litigation, arbitration or administrative procedure relating to
Party B’s assets, business operations and/or income; 

2.1.12 In order to guarantee the ownership of Party B’s assets,
to execute all requisite or relevant documents, take all requisite or relevant
actions, and make and pursue all relevant claims; 

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Execution Copy 

2.1.13 Without Party A’s prior written notice, to not assign
the Equity Interest in any form; however, Party B shall distribute dividends to
the Shareholder upon the request of Party A; and 

2.1.14 In accordance with Party A’s request, to appoint any
person designated by Party A to be a management member of Party B. 

2.2 Transferor’s Representations. The Transferor hereby
represents and warrants: 

2.2.1 Without Party A’s prior written consent, upon the
execution of this Agreement, to not sell, transfer, mortgage or dispose in any
other form any legitimate or beneficial interest of the Equity Interest, or to
approve any security interest, except as created pursuant to the Pledge
Agreement; 

2.2.2 Without Party A’s prior written notice, to not adopt or
support or execute any shareholder resolution at any meeting of the shareholder
of Party B that seeks to approve any sale, transfer, mortgage or disposal of any
legitimate or beneficial interest of the Equity Interest, or to allow any
attachment of security interests, except as created pursuant to the Pledge
Agreement; 

2.2.3 Without Party A’s prior written notice, to not agree or
support or execute any shareholder resolution at any meeting of the shareholder
of Party B that seeks to approve Party B’s merger, cooperation, acquisition or
investment; 

2.2.4 To notify Party A the occurrence or the potential
occurrence of any litigation, arbitration or administrative procedure relevant
to the Equity Interest; 

2.2.5 To cause Party B’s Board of Directors to approve the
transfer of the Purchased Equity Interest pursuant to this Agreement; 

2.2.6 In order to maintain the ownership of Equity Interest, to
execute all requisite or relevant documents, conduct all requisite or relevant
actions, and make all requisite or relevant claims, or make requisite or
relevant defense against all claims of compensation; 

2.2.7 Upon the request of Party A, to appoint any person
designated by Party A to be a director of Party B; and 

2.2.8 To prudently comply with the provisions of this Agreement
and any other agreements entered into with Party A and Party B in connection
therewith, and to perform all obligations under all such agreements, without
taking any action or nonfeasance that may affect the validity and enforceability
of such agreements. 

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Execution Copy 

3. Representations and Warranties. As of the execution
date of this Agreement and on each transfer of Purchased Equity Interest
pursuant to an exercise of the Option, Party B and the Transferor hereby
represent and warrant as follows: 

3.1 Such Parties shall have the power and ability to enter into
and deliver this Agreement and to perform their respective obligations
thereunder, and at each transfer of Purchased Equity Interest, the relevant
Equity Interest Purchase Agreement and to perform their obligations thereunder.
Upon execution, this Agreement and each Equity Interest Purchase Agreement will
constitute legal, valid and binding obligations and be fully enforceable in
accordance with their terms; 

3.2 The execution and performance of this Agreement and any
Equity Interest Purchase Agreement shall not: (i) conflict with the Articles of
Association or other organizational documents of Party B; (ii) cause to breach
any agreements or instruments or having binding obligation on it, or constitute
a breach under any agreements or instruments or having binding obligation on it;
(iii) breach relevant authorization of any consent or approval and/or any
effective conditions; or (iv) cause any authorized consent or approval to be
suspended, removed, or cause other added conditions; 

3.3 The Equity Interest is transferable in whole and in part,
and neither Party B nor the Transferor has permitted or caused any security
interest to be imposed upon the Equity Interest other than pursuant to the
Pledge Agreement; 

3.4 Party B does not have any unpaid debt, other than (i) such
debt that may arise during the ordinary course of business; and (ii) debt either
disclosed to Party A before this Agreement or incurred pursuant to Party A’s
written consent; 

3.5 There are no pending or ongoing litigation, arbitration or
administrative procedures with respect Party B, its assets or the Equity
Interests, and Party B and the Transferor have no knowledge of any pending or
threatened claims to the best of their knowledge; and 

3.6 The Transferor owns the Equity Interest free and clear of
encumbrances of any kind, other than the security interest pursuant to the
Pledge Agreement. 

4. ASSIGNMENT OF AGREEMENT 

4.1 Party B and the Transferor shall not transfer their rights
and obligations under this Agreement to any third party without Party A’s prior
written consent. 

4.2 Party B and the Transferor hereby agrees that Party A shall
be able to transfer all of its rights and obligations under this Agreement to
any third party, and such transfer shall only be subject to a written notice of
Party A to Party B and the Transferor without any further consent from Party B
or the Transferor. 

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Execution Copy 

5. EFFECTIVE DATE AND TERM 

5.1 This Agreement shall be effective as of the date first set
forth above. 

5.2 The term of this Agreement shall commence from the
effective date and shall last for the maximum period of time permitted by law
unless it is early terminated in accordance with this Agreement. 

5.3 At the end of the term of this Agreement (including any
extension thereto), or if earlier terminated pursuant to Section 5.2, the
Parties agree that any transfer of rights and obligations pursuant to Section
4.2 shall continue to be in effect. 

6. APPLICABLE LAWS AND DISPUTE RESOLUTION 

6.1 Applicable Laws. The execution, validity,
interpretation and performance of this Agreement and the dispute resolution
under this Agreement shall be governed by the laws of PRC. 

6.2 Dispute Resolution. The Parties shall strive to
resolve any disputes arising from the interpretation or performance of this
Agreement through amicable negotiations. If such dispute cannot be settled
within thirty (30) days, any Party may submit such dispute to China
International Economic and Trade Arbitration Commission (“CIETAC”) for
arbitration. The arbitration shall abide by the rules of CIETAC, and the
arbitration proceedings shall be conducted in Beijing, China in English. The
determination of CIETAC shall be final and binding upon the Parties. 

6.3 Taxes and Expenses. Each Party shall, according with
PRC laws, bear any and all registration taxes, costs and expenses for the
transfer of equity arising from the preparation, execution and completion of
this Agreement and all Equity Interest Purchase Agreements. 

6.4 Notices. Notices or other communications required to
be given by any Party pursuant to this Agreement shall be written in English and
Chinese and delivered personally or sent by registered mail or prepaid mail or
by a recognized courier service or by facsimile transmission to the relevant
address of each Party as set forth below or other addresses of the Party as
specified by such Party from time to time. The date when the notice is deemed to
be duly served shall be determined as follows: (a) a notice delivered personally
is deemed duly served upon the delivery; (b) a notice sent by mail is deemed
duly served the tenth (10th) day after the date of the air registered mail with
the postage prepaid has been sent out (as is shown on the postmark), or the
fourth (4th) day after the delivery by an internationally recognized courier
service; and (c) a notice sent by facsimile transmission is deemed duly served
upon the receipt time as shown on the transmission confirmation. 

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Execution Copy 

	Party A: 	Sinotop Group Limited 
		Address: 100 Balizhuang Xili, Zhubang2000
      Center, Building 1, Suite B902, Beijing, China 100025 
	  	Attn: Mr. Weicheng Liu 
	  	Fax: (010) 8586-8008 
	  	Tel: (010) 8586-1940 
	Party B: 	Beijing Sino Top Scope Technology Co.,
      Ltd. 
		Address: 88 East 4th Ring Road
      North, Greenlake Place, Building 8, Unit 2-1003, Beijing, China 
	  	Attn: Zhang Yan 
	  	Fax: (010) 5928-2120 
	  	Tel: (010) 5928-2120 
	Shareholder: 	Same as Party B above. 
	  	Address: 
	  	Tel: 

6.5 Confidentiality. The Parties acknowledge and confirm
that any oral or written information exchanged by the Parties in connection with
this Agreement is confidential. The Parties shall maintain the confidentiality
of all such information. Without the written approval by the other Parties, any
Party shall not disclose to any third party any confidential information except
as follows: 

6.5.1 Such information was in the public domain at the time it
was communicated; 

6.5.2 Such information is required to be disclosed pursuant to
the applicable laws, regulations, policies relating to the stock exchange; or

6.5.3 Such information is required to be disclosed to a Party’s
legal counsel or financial consultant, provided however, such legal counsel
and/or financial consultant shall also comply with the confidentiality as stated
hereof. The disclosure of confidential information by employees or agents of the
disclosing Party is deemed to be an act of the disclosing Party, and such Party
shall be responsible for all breach of confidentiality arising from such
disclosure. This provision shall survive even if certain clauses of this
Agreement are subsequently amended, revoked, terminated or determined to be
invalid or unable to implement for any reason. 

6.6 Further Warranties. The Parties agree to promptly
execute such documents as required to perform the provisions of this Agreement,
and to take such actions as may be reasonably required to perform the provisions
of this Agreement. 

7. MISCELLANEOUS 

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Execution Copy 

 7.1 Amendment, Modification and Supplement.  Any amendments and supplements to this Agreement shall only take effect if executed by both Parties in writing. 

 7.2 Entire Agreement.  Notwithstanding Article 5 of this Agreement, the Parties acknowledge that this Agreement constitutes the entire agreement of the Parties with respect to the subject matters therein and supercede and replace all prior
or contemporaneous agreements and understandings, whether oral or in writing. 

 7.3 Severability.  If any provision of this Agreement is deemed invalid or non-enforceable according with relevant laws, such provision shall be deemed invalid only within the applicable laws and regulations of the PRC, and the validity,
legality and enforceability of the other provisions hereof shall not be affected or impaired in any way.  The Parties shall, through reasonable negotiation, replace such invalid, illegal or non-enforceable provisions with valid provisions in order
to bring similar economic effects of those invalid, illegal or non-enforceable provisions. 

 7.4 Headings. The headings contained in this Agreement are for reference only and shall not affect the interpretation and explanation of the provisions in this Agreement. 

 7.5 Language and Copies.  This Agreement shall be executed in English in six (6) duplicate originals. Each Party shall hold one (1) original, each of which shall have the same legal effect. 

 7.6 Successor.  This Agreement shall be binding on the successors of each Party and the transferee allowed by each Party. 

 7.7 Survival.  Each Party shall continue to perform its obligations notwithstanding the expiration or termination of this Agreement.  Article 6, Article 8, Article 9 and Section 7.7 hereof shall continue to be in full force and effect after
the termination of this Agreement. 

 7.8 Waiver.  Any Party may waive the terms and conditions of this Agreement in writing with the written approval of all the Parties.  Under certain circumstances, any waiver by a Party to the breach of other Parties shall not be construed as
a waiver of any other breach by any other Parties under similar circumstances. 

[SIGNATURE PAGE FOLLOWS] 

-8-Silver Dragon Resources Inc.: Exhibit 10.30 - Filed by newsfilecorp.com

Exhibit 10.30

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE
SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS
ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS
PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO
REGISTRATION OR EXEMPTION THEREFROM. LENDERS SHOULD BE AWARE THAT THEY MAY BE
REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD
OF TIME. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN
FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED
TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE
SECURITIES LAWS. 

GEL PROPERTIES, LLC 
PROMISSORY NOTE 

	$200,000.00 	Lewes, Delaware 
	  	February 10, 2012 

	1. 	
      Principal and Interest

FOR VALUE RECEIVED, GEL Properties, LLC, a Delaware Limited
Liability Company (the "Company") hereby absolutely and unconditionally promises
to pay to Silver Dragon Resources, Inc. (the "Lender"), the principal amount of
two hundred thousand dollars ($200,000) as set forth herein. This note shall
bear simple interest at the rate of 6%. 

	2. 	
      Repayments and Prepayments;
  Security.

a.               $100,000 of principal under this Note (the “1st
Half”) shall be due and payable at on September 1, 2012, and the balance
of $100,000 of principal (as well as any accrued interest) (the “Second Half)
due under this Note shall be due and payable on November 1, 2012, unless the
Lender does not meet the “current information requirements” required under Rule
144 of the Securities Act of 1933, as amended, at which time the First Half will
be due and payable on February 10, 2013 and the Second Half will be due and
payable on April 10, 2013 . 

b.              
The Company may pay this Note at any time, in whole or in part.

c.               This Note shall be secured by a total of $200,000 in
convertible promissory notes issued to the Company be Seven Arts Entertainment,
Inc. (NASDAQ: SAPX). The Company shall have the right to replace the collateral
at any time with collateral of equivalent value without the prior written
consent of the Lender. 

d.               This Note may not be assigned without the prior written
consent of the Company, except by operation of law. 

1 

	3. 	Events of Default; Acceleration.
  

a.               The principal amount of this Note is subject to prepayment
in whole or in part upon the occurrence and during the continuance of any of the
following events (each, an “Event of Default”): the initiation of any
bankruptcy, insolvency, moratorium, receivership or reorganization by or against
the Company, or a general assignment of assets by the Company for the benefit of
creditors. Upon the occurrence of any Event of Default, the entire unpaid
principal balance of this Note and all of the unpaid interest accrued thereon
shall be immediately due and payable. The Company may offset amounts due to the
Lender under this Note by similar amounts that may be due to the Company by the
Lender resulting from a promissory note issued by the Lender to the Company on
even date herewith, whether by default or otherwise. 

b.               No remedy herein conferred upon the Lender is intended to be
exclusive of any other remedy and each and every remedy shall be cumulative and
in addition to every other remedy hereunder, now or hereafter existing at law or
in equity or otherwise. 

	4. 	Notices. 

a.               All notices, reports and other communications required or
permitted hereunder shall be in writing and may be delivered in person, by
telecopy with written confirmation, overnight delivery service or U.S. mail, in
which event it may be mailed by first-class, certified or registered, postage
prepaid, addressed (i) if to a Lender, at such Lender’s address as the Lender
shall have furnished the Company in writing and (ii) if to the Company at such
address as the Company shall have furnished the Lender(s) in writing). 

b.               Each such notice, report or other communication shall for
all purposes under this Note be treated as effective or having been given when
delivered if delivered personally or, if sent by mail, at the earlier of its
receipt or 72 hours after the same has been deposited in a regularly maintained
receptacle for the deposit of the United States mail, addressed and mailed as
aforesaid, or, if sent by electronic communication with confirmation, upon the
delivery of electronic communication. 

	5. 	Miscellaneous. 

a.               Neither this Note nor any provisions hereof may be changed,
waived, discharged or terminated orally, but only by a signed statement in
writing. 

b.              
No failure or delay by the Lender to exercise any right hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any right,
power or privilege preclude any other right, power or privilege. The provisions
of this Note are severable and if any one provision hereof shall be held invalid
or unenforceable in whole or in part in any jurisdiction, such invalidity or
unenforceability shall affect only such provision in such jurisdiction. This
Note expresses the entire understanding of the parties with respect to the
transactions contemplated hereby. The Company and every endorser and guarantor
of this Note regardless of the time, order or place of signing hereby waives
presentment, demand, protest and notice of every kind, and assents to any
extension or postponement of the time for payment or any other indulgence, to
any substitution, exchange or release of collateral, and to the addition or
release of any other party or person primarily or secondarily liable. 

2 

c.               If Lender retains an attorney for collection of this Note,
or if any suit or proceeding is brought for the recovery of all, or any part of,
or for protection of the indebtedness respected by this Note, then the Company
agrees to pay all costs and expenses of the suit or proceeding, or any appeal
thereof, incurred by the Lender, including without limitation, reasonable
attorneys' fees. 

d.               This Note shall for all purposes be governed by, and
construed in accordance with the laws of the State of New York (without
reference to conflict of laws). 

e.               This Note shall be binding upon the Company's successors and
assigns, and shall inure to the benefit of the Lender's successors and assigns.

IN WITNESS WHEREOF, the Company has caused this Note to be
executed by its duly authorized officer to take effect as of the date first
hereinabove written. 

	 	GEL PROPERTIES, LLC 
	 	 	 
	 	By: 	
    
	 	 	 
	 	Title: 	 
	 	  	  
	 	  
	 	TRIPOD GROUP, LLC 
	 	(WITH RESPECT TO THE COLLATERAL SET 
	 	FORTH
      IN SECTION 1(C)) 
	 	  
	 	
    

3

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