Document:

Agreement and Plan of Merger, dated as of December 31, 2007

 Exhibit 10.4 
 EXECUTION COPY 
 AGREEMENT AND PLAN OF MERGER 
 THIS AGREEMENT AND PLAN OF MERGER (the “Agreement”) is made and entered into as of December 31st, 2007, by and
among LIGENT INTERNATIONAL, INC., a corporation organized under the laws of the British Virgin Islands (the “Merging Corporation”), FOREFRONT BVI LTD., a corporation organized under the laws of the British
Virgin Islands (the “Surviving Corporation”) and FOREFRONT HOLDINGS, INC., a Florida corporation (“Forefront Holdings”) and Hisense Co. Ltd. (the “Responsible Party”).

 WITNESSETH: 
 WHEREAS, pursuant to duly authorized action by the shareholders and Board of Directors of the Merging Corporation and Board of Directors of the Surviving Corporation, the constituent corporations have determined that they shall merge
(the “Merger”) upon the terms and conditions and in the manner set forth in this Agreement and in accordance with applicable law; 
 WHEREAS, dated as of the date hereof, various documents are being entered into for the purpose of effectuating a series of interrelated transactions by and among Stanford Venture Capital Holdings, Inc.,
Stanford International Bank, Ltd. (“SIBL”), Forefront Holdings, Inc., Forefront Group, Inc., Forefront BVI Ltd., Forefront Multimedia LLC, Broadband Multimedia Systems, Ltd. (“BM”), Ligent International, Inc., Ligent Photonics,
Inc., Hisense Co. Ltd., Qingdao Hisense Electronic Holding Ltd., Qingdao Hisense Electric Ltd., and Hisense Optoelectronic Technologies Co., and are referred to herein as the “Transactions”; and 
 WHEREAS, certain defined terms appear in Exhibit A hereto. 
 NOW THEREFORE, in consideration of the mutual premises herein contained, each of the Merging Corporation, the Surviving Corporation and Stanford hereby agree as follows: 
 1. MERGER. The Merging Corporation and the Surviving Corporation agree that the Merging Corporation shall be merged with and into the
Surviving Corporation as a single and surviving corporation, upon the terms and conditions set forth in this Agreement and that the Surviving Corporation shall continue under the laws of the British Virgin Islands as the surviving corporation of the
Merger. 
 2. SURVIVING CORPORATION. At the Effective Time (as defined below) of the Merger: 
 (a) The Surviving Corporation shall be the surviving corporation of the Merger, and shall continue to exist as a corporation under the laws of the British
Virgin Islands, with all of the rights and obligations as are provided by the British Virgin Islands Statutes. 
 (b) The Merging Corporation
shall cease to exist, and its property shall become the property of the Surviving Corporation as the surviving corporation of the Merger. 
 (c) The directors and officers of the Surviving Corporation shall continue as the directors and officers of the Surviving Corporation. 
 3. CHARTER DOCUMENTS. As a result of the Merger, the charter documents of the Surviving Corporation shall be as follows: 
 (a) Certificate of Incorporation. The Certificate of Incorporation of the Surviving Corporation, as filed with the Registrar of Companies of the British Virgin Islands on December 27, 2007, shall continue as the
Certificate of Incorporation of the Surviving Corporation. 
 (b) Memorandum and Articles of Association. The Memorandum and
Articles of Association of the Surviving Corporation shall continue as the Bylaws of the Surviving Corporation. 

 4. MANNER AND BASIS OF CONVERTING SHARES. At the Effective Time, all of the shares of the
Merging Corporation common stock, representing all of the capital stock of the Merging Corporation issued and outstanding immediately prior to the Merger, shall be surrendered to the Surviving Corporation and converted into 6,489,061 shares of
Common Stock of the Surviving Corporation so that the shareholders of the Merging Corporation shall become shareholders of the Surviving Corporation. 
 5. APPROVAL. The Merger contemplated by this Agreement has previously been submitted to and approved by the Board of Directors and the shareholders of the Merging Corporation and by the shareholder and
Board of Directors of the Surviving Corporation. The proper officers and directors of the Merging Corporations and the Surviving Corporation, as applicable, shall be, and hereby are, authorized and directed to perform all such further acts and
execute and deliver to the proper authorities for filing all documents, as the same may be necessary or proper to render effective the Merger contemplated by this Agreement. 
 6. EFFECTIVE TIME OF MERGER. The Merger shall be effective at the time specified in the Articles of Merger filed with the Registrar of
Companies of the British Virgin Islands with respect to the Merger, or if no such time is specified, at the time of filing such documents (the “Effective Time”). 
 7. REPRESENTATIONS AND WARRANTIES OF THE MERGING CORPORATION. The Merging Corporation represents and warrants to the Surviving Corporation
as to itself and as to Hisense Optoelectronic Technologies Co., (“Hisense OE”) as set forth in Schedule 1.7. 
 8.
REPRESENTATIONS AND WARRANTIES OF THE SURVIVING CORPORATION. The Surviving Corporation represents and warrants to the Merging Corporation as set forth in Schedule 1.8. 
 9. CERTAIN COVENANTS, ACKNOWLEDGMENTS AND RESTRICTIONS. 
 (a) Transfer Restrictions. The Merging Corporation acknowledges that (i) the Common Stock has not been registered under the Securities Act, and such securities may not be transferred unless
(A) subsequently registered thereunder or (B) they are transferred pursuant to an exemption from such registration, and (ii) any sale of the Common Stock (collectively, the “Securities”) made in reliance upon
Rule 144 under the Securities Act (“Rule 144”) may be made only in accordance with the terms of said Rule 144. The Merging Corporation understands that, although Rule 144 is not exclusive, the Commission has expressed its
opinion that persons proposing to sell restricted securities received in a private offering other than in a registered offering or pursuant to Rule 144 will have a substantial burden of proof in establishing that an exemption from registration is
available for such offers or sales and that such persons and the brokers who participate in the transactions do so at their own risk. The provisions of Section 9 and 9(a) hereof, together with the rights of the Merging Corporation under this
Agreement and the other Primary Documents, shall be binding upon any assignee of the Merging Corporation as well as any subsequent transferee of the Common Stock. 
 (b) Restrictive Legend. The Merging Corporation acknowledges and agrees that, until such time as the Securities shall have been registered under the Securities Act or the Merging Corporation demonstrates to the
reasonable satisfaction of the Surviving Corporation and its counsel that such registration shall no longer be required, such Securities may be subject to a stop-transfer order placed against the transfer of such Securities, and such Securities
shall bear a restrictive legend in substantially the following form: 
 THESE SECURITIES (INCLUDING ANY UNDERLYING SECURITIES) HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION
OF COUNSEL OR OTHER EVIDENCE REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION SHALL NO LONGER BE REQUIRED. 
  

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 (c) Filings. The Surviving Corporation undertakes and agrees that it will make all required
filings in connection with the sale of the Securities to the Merging Corporation as required by federal and state laws and regulations, or by any domestic securities exchange or trading market, and if applicable, the filing of a notice on Form D (at
such time and in such manner as required by the rules and regulations of the Commission), and to provide copies thereof to the Merging Corporation promptly after such filing or filings. With a view to making available to the holders of the
Securities the benefits of Rule 144 and any other rule or regulation of the Commission that may at any time permit such holder to sell securities of the Surviving Corporation to the public without registration or pursuant to a Registration
Statement, the Surviving Corporation shall (a) at all times make and keep public information available, as those terms are understood and defined in Rule 144, (b) file on a timely basis with the Commission all information that the
Commission may require under either of Section 13 or Section 15(d) of the Exchange Act and, so long as it is required to file such information, take all actions that may be required as a condition to the availability of Rule 144 (or any
successor exemptive rule hereafter in effect) with respect to the Common Stock; and (c) furnish to any holder of the Securities forthwith upon request (i) a written statement by the Surviving Corporation as to its compliance with the
reporting requirements of Rule 144, (ii) a copy of the most recent annual or quarterly report of the Surviving Corporation as filed with the Commission, and (iii) any other reports and documents that a holder of the Securities may
reasonably request in order to avail itself of any rule or regulation of the Commission allowing such holder to sell any such Securities without registration. 
 (d) Publicity. The Surviving Corporation and the Merging Corporation shall consult with each other in issuing any press releases with respect to the transactions contemplated hereby. Notwithstanding the
foregoing, the Surviving Corporation shall not publicly disclose the name of Merging Corporation, or include the name of the Merging Corporation in any filing with the Commission or any regulatory agency or principal trading market, without the
prior written consent of the Merging Corporation, except to the extent such disclosure is required by law or market regulations, in which case the Surviving Corporation shall provide the Merging Corporation with prior notice of such disclosure.

 10. CONDITIONS TO THE SURVIVING CORPORATION’S OBLIGATION TO EFFECT THE MERGER. The Merging Corporation acknowledges
that the Surviving Corporation’s obligation to effect the Merger and issue the Common Stock at the Effective Time, to the Merging Corporation or its assignees pursuant to this Agreement is conditioned upon the satisfaction of each of the
following conditions, unless waived in writing by the Surviving Corporation: 
 (a) (i) The representations and warranties of the Merging
Corporation contained in this Agreement must be true and correct in all material respects as of the Effective Time as if made at the Effective Time, after giving effect to the consummation of the Transactions in accordance with the terms of the
Transaction Documents as if the Transactions had occurred immediately prior to the Effective Time, and (ii) all covenants and agreements of the Merging Corporation required to be performed one or before the Effective Time must have been
performed in all material respects on or before the Effective Time. 
 (b) The Surviving Corporation and the Merging Corporation shall have
obtained any and all consents, permits and waivers necessary or appropriate for consummation of the transactions contemplated by the Agreement on or prior to the Effective Time. 
 (c) All corporate and other proceedings required to carry out the transactions contemplated by this Agreement on or prior to the Effective Time, and all
instruments and other documents relating to such transactions, shall be reasonably satisfactory in form and substance to the Surviving Corporation, and the Surviving Corporation shall have been furnished with such instruments and documents as it
shall have reasonably requested. 
 11. CONDITIONS TO THE MERGING CORPORATION’S OBLIGATION TO EFFECT THE MERGER. The
Surviving Corporation acknowledges that the Merging Corporation’s obligation to effect the Merger and purchase the Common Stock at the Effective Time is conditioned upon satisfaction of each of the following conditions, unless waived in writing
by the Merging Corporation: 
 (a) (i) The representations and warranties of the Surviving Corporation contained in this Agreement must be
true and correct in all material respects as of the Effective Time as if made at the Effective Time, after giving effect to the consummation of the Transactions in accordance with the terms of the Transaction Documents as if the Transactions had
occurred immediately prior to the Effective Time, and (ii) all covenants and agreements of the Surviving Corporation required to be performed one or before the Effective Time must have been performed in all material respects on or before the
Effective Time. 
  

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 (b) The Surviving Corporation and the Merging Corporation shall have obtained any and all consents,
permits and waivers necessary or appropriate for consummation of the transactions contemplated by the Agreement on or prior to the Effective Time. 
 (c) All corporate and other proceedings required to carry out the transactions contemplated by this Agreement on or prior to the Effective Time, and all instruments and other documents relating to such transactions, shall be reasonably
satisfactory in form and substance to the Merging Corporation, and the Merging Corporation shall have been furnished with such instruments and documents as it shall have reasonably requested. 
 (d) The Surviving Corporation shall have executed and delivered to the Merging Corporation or its assignees the shares of Common Stock required to be
issued pursuant to Section 4 of this Agreement. 
 (e) The Registration Statement providing for the registration under the Securities
Act of the shares of Common Stock issuable pursuant to this Agreement shall have been declared effective by the Commission. 
 12. FEES
AND EXPENSES. The Surviving Corporation shall bear its own costs, including attorney’s fees, incurred in the negotiation of this Agreement and consummating of the transactions contemplated herein and the corporate proceedings of the
Surviving Corporation in contemplation hereof and thereof. 
 13. SURVIVAL. The agreements, covenants, representations and
warranties of the Surviving Corporation and the Merging Corporation shall survive the execution and delivery of this Agreement and the delivery of the Securities hereunder for a period of 18 months from the Effective Time, except that the Surviving
Corporation’s representations and warranties contained in Subsection (1), (3) and (6) of Schedule 1.8 shall survive until the Merging Corporation and any of its assignees are no longer holders of any of the Securities purchased
hereunder. 
 14. INDEMNIFICATION. 
 (a) Subject to Section 14(c), the Surviving Corporation agrees to indemnify the Merging Corporation and each officer, director, employee, agent, partner, stockholder, member and affiliate of the shareholders of
the Merging Corporation (collectively, the “Merging Corporation Indemnified Parties”) for, and hold each Merging Corporation Indemnified Party harmless from and against: (i) any and all damages, losses, claims,
diminution in value and other liabilities of any and every kind, including, without limitation, judgments and costs of settlement, and (ii) any and all reasonable out-of-pocket costs and expenses of any and every kind, including, without
limitation, reasonable fees and disbursements of counsel for such Indemnified Parties (all of which expenses periodically shall be reimbursed as incurred), in each case, arising out of or suffered or incurred by any of the Merging Corporation
Indemnified Parties in connection with any of the following, whether or not involving a third party claim: (A) any misrepresentation or any breach of any warranty made by the Surviving Corporation herein or in any of the other Primary
Documents, (B) any breach or non-fulfillment of any covenant or agreement made by the Surviving Corporation herein or in any of the other Primary Documents, or (C) any claim relating to or arising out of a violation of applicable federal
or state securities laws by the Surviving Corporation in connection with the sale or issuance of the Common Stock pursuant to this Agreement. To the extent that the foregoing undertaking by the Surviving Corporation may be unenforceable for any
reason, the Surviving Corporation shall make the maximum contribution to the payment and satisfaction of each of the foregoing liabilities which is permissible under applicable law. 
  

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 (b) Subject to Section 14(c), the Responsible Party agrees to indemnify the Surviving Corporation
and each officer, director, employee, agent, partner, stockholder, member and affiliate of the Surviving Corporation (collectively, the “Surviving Corporation Indemnified Parties”) for, and hold each Surviving Corporation
Indemnified Party harmless from and against: (i) any and all damages, losses, claims, diminution in value and other liabilities of any and every kind, including, without limitation, judgments and costs of settlement, and (ii) any and all
reasonable out-of-pocket costs and expenses of any and every kind, including, without limitation, reasonable fees and disbursements of counsel for such Indemnified Parties (all of which expenses periodically shall be reimbursed as incurred), in each
case, arising out of or suffered or incurred by any of the Surviving Corporation Indemnified Parties in connection with any of the following, whether or not involving a third party claim: (A) any misrepresentation or any breach of any warranty
or representation made by the Merging Corporation herein or in any of the other Primary Documents, (B) any breach or non-fulfillment of any covenant or agreement made by the Merging Corporation herein or in any of the other Primary Documents,
or (C) any claim relating to or arising out of a violation of applicable federal or state securities laws by the Merging Corporation in connection with the sale or issuance of the Common Stock pursuant to this Agreement. To the extent that the
foregoing undertaking by the Surviving Corporation may be unenforceable for any reason, the Surviving Corporation shall make the maximum contribution to the payment and satisfaction of each of the foregoing liabilities which is permissible under
applicable law. 
 (c) Notwithstanding Sections 14(a) and 14(b), no indemnification shall be payable in respect of any liabilities covered
thereunder (i) where the party claiming to be entitled to indemnification thereunder prior to the Effective Time had actual knowledge of or notice from information set forth in the schedules hereto of facts that would clearly evidence the
existence or basis of such liabilities or (ii) where the party claiming to be entitled to indemnification thereunder entered into a settlement of such liabilities without the prior written consent of the applicable party that would otherwise be
required to provide indemnification for such liabilities pursuant to Section 14(a) or 14(b), as applicable (provided that such party has not unreasonably withheld such written consent). 
 15. NOTICES. Any notice required or permitted hereunder shall be given in writing (unless otherwise specified herein) and shall be
effective upon personal delivery, via facsimile (upon receipt of confirmation of error-free transmission and mailing a copy of such confirmation, postage prepaid by certified mail, return receipt requested) or two business days following deposit of
such notice with an internationally recognized courier service, with postage prepaid and addressed to each of the other parties thereunto entitled at the following addresses, or at such other addresses as a party may designate by five days advance
written notice to each of the other parties hereto. 
  

							
	Surviving Corporation:	  	Forefront BVI, Ltd.	  	
		  	 835 Bill Jones Industrial Dr.
 Springfield,
TN 37172
	  	
		  	Attn: Richard M. Gozia	  	
		  	Telephone:	  	608-519-0348	  	
		  	Facsimile:	  	615-384-1290	  	
			
	with a copy to:	  	Greenberg Traurig	  	
		  	 1221 Brickell Avenue
 Miami, FL
33131
	  	
		  	Attention: Robert L. Grossman	  	
		  	Telephone:	  	305-579-0500	  	
		  	Facsimile:	  	305-579-0717	  	
			
	Merging Corporation:	  	Ligent International, Inc.	  	
		  	c/o Ligent Photonics, Inc.	  	
		  	 2701 Dukane Drive, Suite 102
 St. Charles, IL
6017
	  	
		  	Attn: Wei Ping Huang	  	
		  	Telephone:	  	630-513-7226	  	
		  	Facsimile:	  	630-513-9173	  	

  

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	with a copy to:	  	Carlton Fields P.A.	  	
		  	 4000 International Place
 100 SE 2nd Street

 Miami, FL 33131
	  	
		  	Attention: Seth P. Joseph	  	
		  	Telephone:	  	305-539-7265	  	
		  	Facsimile:	  	305-530-0055	  	
			
	Responsible Party:	  	Hisense Co. Ltd.	  	
		  	 No. 17, Donghai West Road
 Qingdao, China

 266071
	  	
		  	Attention: Honghai Yang	  	
		  	Facsimile: +86-532-8387-2882	  	

 16. GOVERNING LAW; DISPUTE RESOLUTION. 
 (a) Governing Law. This Agreement, and all transactions and agreements in connection herewith, shall be governed by and construed in accordance
with the laws of the British Virgin Islands without regard to principles of conflicts of laws. 
 (b) Dispute Resolution. Any
controversy or claim arising out of or relating to this Agreement, or the breach thereof shall be finally settled by arbitration exclusively (i) administered by the International Centre for Dispute Resolution (the
“ICDR”) and (ii) under the International Dispute Resolution Procedures of the ICDR (the “ICDR Rules”). Judgment on the award rendered by the arbitrator(s) may be entered in any court
having jurisdiction thereof. The number of arbitrators shall be one (1), unless the parties subsequently agree in writing that three (3) arbitrators shall be appointed to resolve such particular dispute. The arbitrator(s) shall be appointed
exclusively in accordance with the ICDR Rules. The place of arbitration shall be Miami, Florida. The arbitration proceedings shall be conducted in English. The parties waive, to the extent permitted under applicable law, any right that they may have
under any law applicable to this Agreement or any party hereto to object to arbitration hereunder on the basis that such an agreement was not entered into after a dispute had arisen. 
 17. MISCELLANEOUS. 
 (a)
Entire Agreement. This Agreement supersedes all prior agreements and understandings among the parties hereto with respect to the subject matter hereof. This Agreement, together with the other Primary Documents, including any certificate,
schedule, exhibit or other document delivered pursuant to their terms, constitutes the entire agreement among the parties hereto with respect to the subject matters hereof and thereof, and supersedes all prior agreements and understandings, whether
written or oral, among the parties with respect to such subject matters. 
 (b) Amendments. This Agreement may not be amended except
by an instrument in writing signed by the party to be charged with enforcement. 
 (c) Waiver. No waiver of any provision of this
Agreement shall be deemed a waiver of any other provisions or shall a waiver of the performance of a provision in one or more instances be deemed a waiver of future performance thereof. 
 (d) Binding Effect of Agreement. This Agreement, and any and all rights, duties and obligations hereunder, shall not be assigned, transferred,
delegated or sublicensed by the Merging Corporation to any Person without the prior written consent of the Surviving Corporation. Any attempt by the Merging Corporation without such permission to assign, transfer, delegate or sublicense any rights,
duties or obligations that arise under this Agreement shall be void. Subject to the foregoing and except as otherwise provided herein. This Agreement shall inure to the benefit of, and be binding upon the successors and assigns of each of the
parties hereto, including any assignees of the Merging Corporation as well as any transferees of the Common Stock. 
  

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 (e) Severability. If any provision of this Agreement shall be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement or the validity or unenforceability of this Agreement in any other jurisdiction. 
 (f) Counterparts. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the
same agreement. 
 [Signatures Begin on Following Page] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be entered into as of the
date first above written. 
  

			
	LIGENT INTERNATIONAL, INC.
		
	By:	 	/s/ Wei-Ping Huang
	Name:	 	Wei-Ping Huang
	Title:	 	  

	
	FOREFRONT BVI LTD.
		
	By:	 	 /s/ Richard M. Gozia

	Name:	 	Richard M. Gozia
	Title:	 	Interim Chief Executive Officer
	
	FOREFRONT HOLDINGS, INC.
		
	By:	 	 /s/ Richard M. Gozia

	Name:	 	Richard M. Gozia
	Title:	 	Interim Chief Executive Officer

  

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 Exhibit A 
 Definitions 
 1. “Affiliate” means any person that directly or indirectly controls,
is controlled by or is under common control with the indicated person. 
 2. “BM Merger” shall mean that certain merger of
broadband multimedia systems, ltd. With and into the company. 
 3. “Code” means the internal revenue code of 1986, as
amended. 
 4. “Common Stock” means the company’s common shares, U.S. $0.001 nominal or par value per share.

 5. “Company Shares” means the Company Common Stock being issued to the shareholders pursuant hereto. 
 6. “ForeFront Holdings Merger” shall mean the consummation of the domestication of ForeFront Holdings into the Company pursuant to the
domestication or merger statutes of the British Virgin Islands. 
 7. “Framework Agreement” shall mean that certain
agreement of even date herewith by and between Qingdao Hisense Electric Ltd. and the Company pursuant to which the Company purchases the Set Top Box division (the “STB Division”) from Qingdao Hisense Electric Ltd. 
 8. “Governmental Authority” means any federal or national, state or provincial, municipal or local government, governmental authority,
regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality, political subdivision, commission, court, tribunal, official, arbitrator or arbitral body, in each case whether U.S. or non-U.S.

 9. “Hisense Group” shall mean Hisense Co. Ltd. 
 10. “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. 
 11. “Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind, including, without limitation, any conditional sale or other title retention agreement, any lease in
the nature thereof including any lien or charge arising by law. 
 12. “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, in each case taken as a whole or
(b) materially impair the ability of any party to this agreement to perform any of its obligations under this Agreement in any material respect, or (c) result in litigation, claims, disputes or property loss in excess of US$500,000 in the
future. 
 13. “Order” means any award, decision, injunction, judgment, order, ruling, subpoena, or verdict entered, issued,
made, or rendered by any Governmental Authority. 
 14. “Permitted Liens” means (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 

  

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good faith by appropriate proceedings conducted and for the payment of which the relevant party has made adequate reserves; (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; and (d) Liens that would not have a Material Adverse Effect. 
 15. “Person” means all natural persons, corporations, business trusts, associations, companies, partnerships, limited liability companies, joint ventures and other entities, governments, agencies and political subdivisions.

 16. “Proceeding” means any action, arbitration, audit, hearing, investigation, litigation, or suit (whether civil,
criminal, administrative or investigative) commenced, brought, conducted, or heard by or before, or otherwise involving, any Governmental Authority. 
 17. “Registration Statement” means the Registration Statement on Form F-4 promulgated by the SEC to be filed by the Surviving Corporation to register its securities; provided, that the Surviving
Corporation qualifies under the Securities Act of 1934, as amended (“1934 Act”), to file such statement, and if the Surviving Corporation fails to qualify to file such Form F-4 with the SEC under the 1934 Act, the term
“Registration Statement” shall mean the registration statement on Form S-4 promulgated by the SEC. 
 18. “SEC”
means the Securities and Exchange commission. 
 19. “Securities Act” means the Securities Act of 1933, as amended, or any
similar federal statute, and the rules and regulations of the Commission thereunder, all as the same will be in effect at the time. 
 20.
“Shares” means the issued and outstanding shares of the Company. 
 21. “Taxes” means all foreign, federal,
state or local taxes, charges, fees, levies, imposts, duties and other assessments, as applicable, 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. 
 22. “Tax
Return” means any return, declaration, report, claim for refund or credit, information return, statement or other similar document filed with any Governmental Authority with respect to Taxes, including any schedule or attachment thereto,
and including any amendment thereof. 
  

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 Schedule 1.7 
 Representations and Warranties of the Merging Corporation 
 1. Organization and Qualification.
Each of Merging Corporation and Hisense OE is duly incorporated and validly existing under the laws of its jurisdiction, has all requisite corporate authority and power, 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. Each of Merging
Corporation and Hisense OE 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 makes such qualification, licensing or
domestication necessary, except where the failure to be so qualified, licensed or domesticated will not have a Material Adverse Effect. Hisense OE presently conducts its business, owns, holds and operates its properties and assets in Qingdao,
Shandong Province, People’s Republic of China. 
 2. Organizational Documents. Neither Merging Corporation nor Hisense OE is in
violation or breach of any of the provisions of its organizational documents. 
 3. Authorization and Validity of this Agreement. Each
of Merging Corporation and Hisense OE has all requisite authority and power (corporate and other), governmental licenses, authorizations, consents and approvals to enter into this Agreement and each of the Transaction Documents to which it is a
party, to consummate the transactions contemplated by this Agreement and each of the Transaction Documents to which it is a party, to perform its respective obligations under this Agreement and each of the Transaction Documents to which it is a
party, and to record the transfer of the Shares and the delivery of the new certificates representing the Shares registered in the name of the Company. The execution, delivery and performance by the Merging Corporation of this Agreement and each of
the Transaction Documents to which Merging Corporation is a party have been duly authorized by all necessary corporate action and do not require from Merging Corporation’s Board of Directors or the shareholders any consent or approval that has
not been validly and lawfully obtained. The execution, delivery and performance by Merging Corporation and Hisense OE of this Agreement and each of the Transaction Documents to which Merging Corporation or Hisense OE is a party requires no
authorization, consent, approval, license, exemption of or filing or registration with any Governmental Authority or other Person. 
 4.
No Violation. Neither the execution nor the delivery by Merging Corporation of this Agreement or any Transaction Document to which it is a party, nor the consummation or performance by Merging Corporation or Hisense OE of the transactions
contemplated hereby or thereby will, directly or indirectly, (a) contravene, conflict with, or result in a violation of any provision of the organizational documents of Merging Corporation or Hisense OE; (b) contravene, conflict with,
constitute a default (or an event or condition which, with notice or lapse of time or both, would constitute a default) under, or result in the termination or acceleration of, or result in the imposition or creation of any Lien under, any agreement
or instrument to which Merging Corporation or Hisense OE is a party or by which their respective properties or assets are bound; (c) contravene, conflict with, or result in a violation of, any Law or Order to which Merging Corporation or
Hisense OE, or any of the properties or assets owned or used by Merging Corporation or Hisense OE, may be subject; or (d) contravene, conflict with, or result in a violation of, the terms or requirements of, or give any Governmental Authority
the right to revoke, withdraw, suspend, cancel, terminate or modify, any licenses, permits, authorizations, approvals, franchises or other rights held by Merging Corporation or Hisense OE or that otherwise relate to the business of, or any of the
properties or assets owned or used by, Merging Corporation or Hisense OE, except, in the case of clause (b), (c), or (d), for any such contraventions, conflicts, violations, or other occurrences as would not have a Material Adverse Effect.

 5. Binding Obligations. Assuming this Agreement and the Transaction Documents have been duly and validly authorized, executed and
delivered by the parties thereto other than Merging Corporation and Hisense OE, this Agreement and each of the Transaction Documents to which Merging Corporation or Hisense OE is a party arc duly authorized, executed and delivered by Merging
Corporation or Hisense OE and constitutes the legal, valid and binding obligations of Merging Corporation or Hisense OE, enforceable against Merging Corporation or Hisense OE in accordance with their respective 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. 
  

 11 

 6. Capitalization of Merging Corporation. The authorized capital stock of Merging Corporation
shall be certified by the Merging Corporation to the Surviving Corporation at or before the Closing. At Closing, all of the issued stock of Hisense OE shall be owned by the Merging Corporation. Except as heretofore disclosed, there are no
outstanding or authorized options, warrants, calls, purchase agreements, participation agreements, subscription rights, conversion rights, exchange rights or other securities or contracts that could require Merging Corporation to issue, sell or
otherwise cause to become outstanding any of its authorized but unissued shares of capital stock or any securities convertible into, exchangeable for or carrying a right or option to purchase shares of capital stock or to create, authorize, issue,
sell or otherwise cause to become outstanding any new class of capital stock. Except as heretofore disclosed, there are no outstanding stockholders’ agreements, voting trusts or arrangements, registration rights agreements, rights of first
refusal or other contracts pertaining to the capital stock of Merging Corporation. All issued and outstanding shares of Merging Corporation’s capital stock are duly authorized, validly issued, fully paid and nonassessable and have not been
issued in violation of any preemptive or similar rights. 
 There are no outstanding contractual obligations (contingent or otherwise) of
Merging Corporation to retire, repurchase, redeem or otherwise acquire any outstanding shares of capital stock of, or other ownership interests in, Merging Corporation or to provide funds to or make any investment (in the form of a loan, capital
contribution or otherwise) in any other Person. 
 Except as expressly provided in this Agreement, no holder of Shares or any other security
of Merging Corporation or any other Person is entitled to any preemptive right, right of first refusal or similar right as a result of the issuance of the shares or otherwise. Except as heretofore disclosed, there is no voting trust, agreement or
arrangement among any of the shareholders of any capital stock of Merging Corporation affecting the exercise of the voting rights of any such capital stock. 
 7. Litigation; Compliance with Laws. There is no action, suit, claim, governmental or other proceeding or investigation pending, or to the Merging Corporation’ knowledge, threatened against or affecting
the Merging Corporation or Hisense OE including, without limitation, actions, suits or claims for damages or in which injunctive or equitable relief is requested. There is no outstanding judgment, order, injunction or decree of any court, government
or governmental agency against or affecting the Merging Corporation or Hisense OE. Each of the Merging Corporation and Hisense OE has complied in all material respects with all Laws to which they are subject, including any environmental, labor and
employment laws, rules and regulations. 
 8. Certain Proceedings. There is no pending Proceeding that has been commenced against
Merging Corporation and that challenges, or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the transactions contemplated in this Agreement. To Merging Corporation’s knowledge, no such
Proceeding has been threatened. 
 9. Financial Statements. Attached as Schedule 1.7(9) hereto are the following financial statements
(collectively the “Financial Statements”): unaudited balance sheet as of November 30, 2007 and statements of income for the year ended December 31, 2006 and for the eleven-month periods ended November 30, 2006 and
November 30, 2007 for Hisense OE. Each of the Financial Statements: (i) is materially true, complete, and correct as of its respective date, (ii) is in accordance with and supported by and consistent with the books and records of
Hisense OE, in all material respects, (iii) presents fairly the financial position and the results of operations of Hisense OE; and (iv) was prepared in accordance with domestic Chinese accounting standards; provided however, that the
Financial Statements are not audited, are not prepared in accordance with GAAP and do not contain footnotes. 
 10. No Brokers or
Finders. No person has, or as a result of the transactions contemplated herein will have, any right or valid claim against Merging Corporation for any commission, fee or other compensation as a finder or broker, or in any similar capacity.

  

 12 

 11. Title to Hisense OE Stock. At the Closing, Merging Corporation will own all issued and
outstanding equity of Hisense OE. 
 12. Title to and Condition of Properties. Except as would not have a Material Adverse Effect,
Hisense OE owns (with good and marketable title in the case of real property) or holds under valid leases or other rights to use all real property, plants, machinery and equipment necessary for the conduct of the business of Hisense OE as presently
conducted, free and clear of all Liens, except Permitted Liens. The material buildings, plants, machinery and equipment necessary for the conduct of the business of Hisense OE 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, 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. 
 13. No Changes. Since November 30, 2007, Hisense OE has not experienced
or suffered any Material Adverse Effect. 
 14. No Undisclosed Events. Since November 30, 2007, no material event exists with
respect to Hisense OE or its businesses, properties, operations or financial condition, which has not been disclosed to the Company in writing as of the date of this Agreement. 
 15. Ethical Practices; Foreign Corrupt Practices and International Trade Sanctions. Neither the Merging Corporation or Hisense OE has offered or
given, and the Merging Corporation is not aware of any Person that has offered or given, on the Merging Corporation’s or Hisense OE’s behalf, anything of value to, in violation of any law, including the Foreign Corrupt Practices Act of
1977, as amended: (i) any official of a governmental body, any political party or official thereof or any candidate for political office; (ii) any customer or member of any governmental body; or (iii) any other Person, for the purpose
of any of the following: (x) influencing any action or decision of such Person in such Person’s official capacity, including a decision to fail to perform such Person’s official function; (y) inducing such Person to use such
Person’s influence with any governmental body to affect or influence any act or decision of such governmental body to assist the Merging Corporation or Hisense OE in obtaining or retaining business for, with, or directing business to, any
Person; or (z) where such payment would constitute a bribe, kickback or illegal or improper payment to assist the Merging Corporation or Hisense OE in obtaining or retaining business for, with, or directing business to, any Person, except for
an immaterial political contribution (in an amount which was less than $1,000) by a political action committee which was fully disclosed to the appropriate governmental body (without any resulting fine or penalty to the Merging Corporation or
Hisense OE). 
 16. Undisclosed Liabilities. Hisense OE has no liabilities (whether known or unknown, whether asserted or unasserted,
whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due, including any liability for Taxes), except for (i) liabilities incurred in the ordinary course of business,
(ii) liabilities that are not alone or in the aggregate material to the financial condition or operating results of Hisense OE, (iii) certain loans that Hisense OE may borrow from Hisense Group or other third parties for the sole purpose
of funding the operations of Hisense OE between the date hereof and Closing and (iv) obligations under the contracts that are to be performed after the Closing. 
 17. Customers and Suppliers. Since November 30, 2007, no material supplier of Hisense OE has indicated in writing, and the Merging Corporation has no knowledge (without inquiry), that a material supplier
shall stop, or materially decrease the rate of, supplying materials, products or services to Hisense OE (except upon the completion in full of contracted supplies), and no material customer of Hisense OE has indicated in writing, and the Merging
Corporation has no knowledge (without inquiry), that such material customer shall stop, or materially decrease the rate of, buying materials, products or services from Hisense OE (except upon the fulfillment by Hisense OE of contracted shipments).

 18. Insurance. Hisense OE has insurance coverage in scope and amount customary and reasonable for the business in which it is
engaged. 
  

 13 

 19. Transactions with Affiliates. All agreements between Hisense OE and its Affiliates are on
terms that are not less favorable to Hisense OE than those that are reasonably obtainable at the time in an arm’s-length transaction with a Person that is not an Affiliate. 
 20. Taxes. Hisense OE has filed or caused to be filed all Tax Returns required to be filed by Hisense OE with any Governmental Authority for all
periods through the date hereof, and all such Tax Returns were correct and complete in all material respects. All Taxes owed to any Governmental Authority by Hisense OE for a period covered by such Tax Returns, and all claims, demands, assessments,
judgments, costs and expenses connected therewith, have been duly and timely paid. Hisense OE has not executed or filed with any Governmental Authority any agreement extending the period for assessment or collection of any Taxes. 
  

 14 

 Schedule 1.8 
 Representations and Warranties of Surviving Corporation 
 1. Organization and Qualification.
The Company is duly organized, validly existing and in good standing under the laws of the British Virgin Islands, has all requisite corporate authority and power, governmental licenses, authorizations, consents and approvals to carry on its
business as presently conducted and to own, hold and operate its properties and assets as now owned, held and operated by it. The Company 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, held or operated makes such qualification, licensing or domestication necessary, except where the failure to be so duly qualified, licensed or domesticated and in good standing would not
have a Material Adverse Effect. 
 2. Organizational Documents. True, correct and complete copies of the organizational documents of
the company have been delivered to the Merging Corporation prior to the execution of this Agreement, and no action has been taken to amend or repeal such organizational documents since such date of delivery. The Company is not in violation or breach
of any of the provisions of its organizational documents. 
 3. Authorization. The Company has all requisite corporate authority and
power, governmental licenses, authorizations, consents and approvals to enter into this Agreement and each of the Transaction Documents to which the Company is a party, to consummate the transactions contemplated by this Agreement and each of the
Transaction Documents to which the Company is a party and to perform its obligations under this Agreement and each of the Transaction Documents to which the Company is a party. The execution, delivery and performance by the Company of this Agreement
and each of the Transaction Documents to which the Company is a party have been duly authorized by all necessary corporate action. 
 4.
No violation. Neither the execution nor the delivery by the Company of this Agreement or any Transaction Document to which the Company is a party, nor the consummation or performance by the Company of the transactions contemplated hereby or
thereby will, directly or indirectly, (a) contravene, conflict with, or result in a violation of any provision of the organizational documents of the Company (b) contravene, conflict with, constitute a default (or an event or condition
which, with notice or lapse of time or both, would constitute a default) under, or result in the termination or acceleration of, or result in the imposition or creation of any lien under, any agreement or instrument to which the Company is a party
or by which the properties or assets of the Company is bound; (c) contravene, conflict with, or result in a violation of, any law or order to which the Company, or any of the properties or assets owned or used by the Company, may be subject.

 5. Binding Obligations. Assuming this Agreement and the transaction documents have been duly and validly authorized, executed and
delivered by the parties thereto other than the Company, this Agreement and each of the Transaction Documents to which the Company is a party are duly authorized, executed and delivered by the Company and constitutes the legal, valid and binding
obligations of the Company, enforceable against the Company in accordance with their respective 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. 
 6. Matters Related to Capitalization. All issued and outstanding shares of the Surviving
Corporation’s Common Stock shall be duly authorized, validly issued, fully paid and nonassessable, and have not been issued in violation of any preemptive or similar rights. At the Effective Time, the Surviving Corporation will have sufficient
authorized and unissued Common Stock to consummate the transactions contemplated hereby. Except as contemplated by the Common Stock Purchase Agreement and in this Agreement, there are no outstanding options, warrants, purchase agreements,
participation agreements, subscription rights, conversion rights, exchange rights or other securities or contracts that could require the Surviving Corporation to issue, sell or otherwise cause to become outstanding any of its authorized but
unissued shares of capital stock or any securities convertible into, exchangeable for or carrying a right or option to purchase shares of capital stock or to create, authorize, issue, sell or otherwise cause to become outstanding any new class of
capital stock. Except as contemplated by the Common Stock Purchase Agreement, there are no outstanding stockholders’ agreements, voting trusts or arrangements, registration rights agreements, rights of first refusal or other contracts
pertaining to the capital stock of the Surviving Corporation. 
  

 15 

 7. No Redemption Requirements. Except as contemplated by the Common Stock Purchase Agreement,
there are no outstanding contractual obligations (contingent or otherwise) of the Company to retire, repurchase, redeem or otherwise acquire any outstanding shares of capital stock of, or other ownership interests in, the Company or to provide funds
to or make any investment (in the form of a loan, capital contribution or otherwise) in any other Person. 
 8. Duly Authorized. The
issuance of the Company Shares has been duly authorized and, upon delivery to the shareholders of certificates therefor in accordance with the terms of this agreement, the company shares will have been validly issued and fully paid, and will be
nonassessable, have the rights, preferences and privileges specified, will be free of preemptive rights and will he free and clear of all liens and restrictions, other than liens created by the shareholders and restrictions on transfer imposed by
this Agreement, a certain Shareholders Agreement of even date herewith by and between the Company, HEH, Hisense Group, Qingdao Hisense Electric and SIBL, and the Securities Act. 
 9. Compliance with Laws. The Company has not received notice of any violation (or any proceeding involving an allegation of any violation) of any
applicable law or order by or affecting the Company. 
 10. Certain Proceedings. There is no pending proceeding that has been
commenced against the company and that challenges, or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the transactions contemplated by this Agreement. 
 11. No Brokers or Finders. Except for placement fees due to Stanford Investment Banking, no Person has, or as a result of the transactions
contemplated herein will have, any right or valid claim against the Company for any commission, fee or other compensation as a finder or broker, or in any similar capacity. 
  

 16 

 Schedule 1.9 
 Representations and Warranties of Forefront Holdings 
 1. Organization; Authority; Binding
Effect. Forefront Holdings is a corporation duly organized, validly existing and in good standing under the laws of Florida and has full power and authority to execute, deliver and perform this Agreement. The execution, delivery and performance
of this Agreement has been duly authorized by all necessary action on the part of Forefront Holdings, and does not and will not (i) contravene its articles of incorporation; or (ii) result in any violation of any law, rule or regulation
applicable to Forefront Holdings. Forefront Holdings is not a party to, or subject or bound by, any judgment, injunction or decree of any court of governmental authority which may restrict or interfere with the performance of this Agreement or such
other instruments, agreements and documents as are to be executed by Forefront Holdings in connection herewith on or prior to the date of this Agreement. This Agreement and the instruments, agreements and documents executed and delivered in
connection herewith are valid and binding obligations of Forefront Holdings enforceable in accordance with their terms. 
 2. No Conflict
or Violation. Neither the execution and delivery of this Agreement nor consummation of the transactions contemplated hereby will result in (i) a violation or breach of, or default under, any term or provision of any indenture, mortgage,
security agreement, contract, agreement, lease, commitment, license, franchise, permit, authorization or concession to which Forefront Holdings is a party or to which it or any of its property may be bound or constitute an event which with notice,
lapse of time, or both, would result in any such violation, breach or default, or (ii) a violation by Forefront Holdings of any statute, rule, regulation, ordinance, code, order, judgment, writ, injunction, decree or award, or constitute an
event which with notice, lapse of time, or both, would result in any such violation. 
 3. SEC Filings. Forefront Holdings has filed
with the Securities and Exchange Commission (“SEC”) (i) its Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006, (ii) its Quarterly Reports on Form 10-Q for the quarters ended
March 31, June 30 and September 29, 2007 and (iii) all of its other reports, statements, schedules and registration statements through November 29, 2007 (collectively, the “SEC Documents”). As of its filing
date (and as of the date of any amendment), each SEC Document complied as to form in all material respects with the applicable requirements of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, the
Sarbanes-Oxley Act, and, in each case, the rules and regulations promulgated thereunder, as the case may be. As of its filing date (or, if amended or superseded by a filing prior to the date hereof, on the date of such filing), each SEC Document
filed pursuant to the Securities Exchange Act of 1934, as amended, did not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in the light of the circumstances
under which they were made, not misleading. The SEC Documents constitute all forms, reports, statements, schedules and other documents required to be filed by Forefront Holdings with the SEC since March 30, 2007. As of the date hereof, there
are no material unresolved comments issued by the staff of the SEC with respect to any of the SEC Documents. The consolidated financial statements and related notes thereto contained in the SEC Documents (the “Forefront Holdings
Financials”), comply in all material respects with the 1934 Act, and the rules and regulations of the SEC promulgated thereunder and have been prepared in accordance with United States generally accepted accounting principles applied on a basis
consistent throughout the periods indicated and consistent with each other; and (ii) the Forefront Holdings Financials present fairly and accurately the consolidated financial condition and operating results of Forefront Holdings in all
material respects as of the dates and during the periods indicated therein. The unaudited Forefront Holdings Financials do not contain additional financial statements and footnotes required under United States generally accepted accounting
principles, and are subject to normal year-end adjustments. The accounting books and records of Forefront Holdings have been maintained in accordance with sound business practices, including the maintenance of an adequate system of disclosure and
internal controls designed to ensure that all material information concerning Forefront Holdings is made known on a timely basis to the individuals responsible for the preparation of the Forefront Holdings SEC Documents. 
  

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 4. Compliance with Laws. Forefront Holdings has complied in all material respects with all laws,
ordinances, or governmental or regulatory rules or regulations, whether federal, state, local or foreign applicable to it, including without limitation, all securities laws, rules and regulations. 
 5. Brokers’ and Finders’ Fees. Forefront Holdings is not obligated to pay any fees or expenses of any broker, finder or consultant in
connection with the origin, negotiation, or execution of this Agreement or in connection with any transactions contemplated hereby. 
  

 18Framework Agreement, dated December 31, 2007

 EXHIBIT 10.5 
 EXECUTION COPY 
 FRAMEWORK AGREEMENT 
  

			
	AMONG:	  	
		  	 QINGDAO HISENSE ELECTRIC LTD., a company incorporated
 under the laws of the People’s Republic of China (“Hisense”)

		
	AND:	  	
		  	 FOREFRONT BVI LTD., a company incorporated

 under the laws of the British Virgin Islands (“ForeFront”)

		
	AND:	  	
		
		  	FOREFRONT HOLDINGS, INC., a Florida corporation (“ForeFront Holdings”)
		
	DATED:	  	December 31, 2007

  

			
	 Contents
	  	Page No.
	Framework Agreement	  	2 – 9
	Schedule 1.1 – Acquired Assets	  	10
	Schedule 1.2 – Assigned Contracts	  	11
	Schedule 1.7 – Hisense’s Representations and Warranties	  	12 – 14
	Schedule 1.8 – ForeFront’s Representations and Warranties	  	15
	Schedule 1.9 – ForeFront Holdings’ Representations and Warranties	  	16
	Disclosure Annexes	  	
	 Disclosure Annex 1.7(c) – Intellectual Property
	  	12
	 Disclosure Annex 1.7(d) – Consents
	  	12
	 Disclosure Annex 1.7(k) – Financial Statements
	  	14

 Article I 
 Asset Share Exchange 
 1.1. Purchase and Sale of Acquired Assets. Subject to the terms
and conditions of this Agreement, on the Closing Date (as defined below), Hisense will grant, bargain, sell, assign, transfer and deliver to ForeFront, and ForeFront will acquire from Hisense, all right, title and interest of Hisense in, to and
under those properties and assets set forth on Schedule 1.1 (the “Acquired Assets”) owned and used by Hisense’s Set-Top Box Division (the “STB Division”), free and clear of all liens, pledges, security
interests and encumbrances (“Liens”). 
 1.2. No Assumption of Liabilities. ForeFront shall not assume, incur,
guarantee, or be otherwise obligated with respect to any liability whatsoever of Hisense (other than the obligations of Hisense under agreements and contracts assigned to ForeFront and described on Schedule 1.2 (“Assigned
Contracts”)). All liabilities of Hisense related to the Acquired Assets shall be paid in full or settled prior to the Closing. Without limiting the generality of the foregoing, ForeFront shall not assume and shall have no liability with
respect to any obligations of Hisense under any Assigned Contract (a) required therein to be performed by Hisense at or prior to the Closing or (b) arising out of any breach thereof. 
 1.3. Assignment and Assumption; License. Effective upon the Closing, Hisense does hereby grant, bargain, sell, assign, transfer and deliver to
ForeFront, and ForeFront does hereby purchase, acquire and accept, Hisense’s full, exclusive and entire right, title, and interest in and to the Assets, including the Acquired Intellectual Property (as defined below), and including all
associated rights for past, present and future income, royalties or other payment with respect thereto or to sue for any past, present and future damages in relation to any infringement or misappropriation thereof. In addition to the assignment
described above, effective upon the Closing, Hisense does hereby sell, assign and transfer to ForeFront the liabilities and obligations to be assumed by ForeFront under the Assigned Contracts pursuant to Section 1.2 hereof (“Assumed
Liabilities”) and ForeFront hereby assumes and agrees to perform, pay and discharge as its obligation, as and when lawfully due in accordance with their terms, all of the terms, covenants, conditions, duties, obligations and liabilities of
the Assumed Liabilities. Hisense covenants and agrees that in the event that any such Assigned Contracts are non-assignable pursuant to their terms (“Non-Assignable Contracts”) and title thereto will not pass by this Agreement, the
beneficial interest in and to the same will in any event pass to ForeFront, and Hisense covenants and agrees to hold, and hereby declare that it holds, such Assigned Contracts in trust for, and for the benefit of, ForeFront. Hisense will continue to
abide by the terms of such Non-Assignable Contracts and remit to ForeFront all such revenues received thereunder. ForeFront will pay all amounts due by Hisense under the Non-Assignable Contracts as if ForeFront was a party thereto. With respect to
any Assigned Contracts with sales representatives, Hisense and ForeFront will endeavor to cause such sales representatives to enter into new agreements with ForeFront effective upon the Closing. To the extent the foregoing assignment is ineffective
for any reason, Hisense hereby grants to ForeFront the exclusive, royalty-free, fully paid-up, irrevocable, perpetual, transferable, worldwide right and license (including the right to sublicense through multiple tiers of sublicensees) to make,
reproduce, perform, display, modify, create derivative works of, use, sell and otherwise exploit, protect and enforce the Acquired Intellectual Property. In addition, effective upon the Closing, Hisense hereby irrevocably and perpetually waives all
rights, including but not limited to all patent rights, copyrights, mask work rights, and moral rights, not owned by, assigned to or licensed to ForeFront that Hisense may have in or to the Acquired Intellectual Property, and hereby covenants not to
bring or participate in any action against ForeFront or its successor in interest for infringement of such rights. 
 1.4.
Consideration. In consideration for the transfer of the Acquired Assets, ForeFront shall issue to Hisense at the Closing 6,489,061 ordinary shares of ForeFront (“Consideration”). 
 1.5. Closing. The closing of the transactions contemplated herein (the “Closing”) shall take place at the offices of Carlton
Fields, P.A., 4000 International Place, 100 S.E. Second Street, Miami, Florida 33131 at 10:00 a.m. local time on the second business day following the satisfaction or waiver of all conditions to the obligations of the parties to consummate the
transactions contemplated hereby (other than conditions with respect to actions the respective parties will take at the Closing itself) or such other date as the parties may mutually determine (the “Closing Date”). 
 1.6. Closing Deliveries. On the Closing Date, (a) Hisense shall execute, and deliver to ForeFront, or cause to be executed and delivered to
ForeFront, such bills of sale, assignments, and/or other instruments in such form as shall be reasonably requested by ForeFront as may be necessary or desirable for the completion of the transactions contemplated hereby, and (b) ForeFront shall
deliver, or shall cause to be delivered, to Hisense the following: (i) a share certificate representing the Consideration; (ii) an executed counterpart of any such assignment, assumption or other instrument; and (iii) such other items
as may be necessary or desirable for the completion of the transactions contemplated hereby. 
 1.7. Representations and Warranties of
Hisense. Hisense hereby makes the representations and warranties set forth on Schedule 1.7 to ForeFront. 
  

 2 

 1.8. Representations and Warranties of ForeFront. ForeFront hereby makes the representations and
warranties set forth on Schedule 1.8 to Hisense. 
 1.9. Representations and Warranties of ForeFront Holdings. ForeFront
Holdings hereby makes the representations and warranties set forth on Schedule 1.9 to Hisense. 
 1.10. Pre-Closing Covenants.
Hisense will not engage in any practice, take any action, or enter into any transaction outside the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency) (“Ordinary Course of
Business”). Hisense will give any notices to third parties, and Hisense will use its reasonable best efforts to obtain any third-party consents, referred to in Subsection (d) of Schedule 1.7. Hisense will keep its business and
properties substantially intact, including its present operations, physical facilities, working conditions, insurance policies, and relationships with lessors, licensors, suppliers, customers, and employees. Each of the parties will give any notices
to, make any filings with, and use its reasonable best efforts to obtain any authorizations, consents, and approvals of governments and governmental agencies in connection with the matters referred to in Subsections (d) of Schedule 1.7
and Subsection (b) of Schedule 1.8. ForeFront Holdings will complete the domestication of ForeFront Holdings into Forefront pursuant to the domestication or merger statutes of the British Virgin Islands (the “ForeFront
Domestication”), it being understood by the parties that such transaction shall be considered a “domestication” for U.S. tax purposes in all respects. 
 1.11. Conditions to Closing. 
 (a) Conditions Precedent to ForeFront’s Obligation to
Close. The obligation of ForeFront to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions: (i) the representations and warranties set forth in Schedule
1.7 shall be true and correct in all material respects as of the date hereof and at and as of the Closing Date, except to the extent that such representations and warranties are qualified by the term “material,” or contain terms such
as “Material Adverse Effect” or “Material Adverse Change,” in which case such representations and warranties (as so written, including the term “material” or “Material”) shall be true and correct in all
respects at and as of the Closing Date, (ii) Hisense shall have performed and complied with all of its covenants hereunder in all material respects through the Closing, (iii) Hisense shall have procured all of the third-party consents and
governmental approvals specified in Subsection (d) of Schedule 1.7 or as otherwise required, (iv) the transactions contemplated by that certain share exchange agreement of even date herewith by and among ForeFront, ForeFront
Holdings, Qingdao Hisense Electronic Holding Ltd. and Hisense Co. Ltd. (“ForeFront/Hisense Share Exchange Agreement”) shall have been consummated, (v) the transactions contemplated by that certain merger agreement by and among
ForeFront, ForeFront Holdings, Ligent International, Inc. (“Ligent BVI”) and Ligent BVI’s shareholders shall have been consummated (“ForeFront/Ligent Merger Agreement”), (vi) the transactions contemplated
by that certain stock purchase agreement of even date herewith by and among Stanford Venture Capital Holdings, Inc., Stanford International Bank Ltd. (“SIBL”), ForeFront, ForeFront Holdings, ForeFront Group, Inc., ForeFront
Multimedia LLC and Miller Golf Company (“ForeFront/Stanford Purchase Agreement”) shall have been consummated, (vii) the preferred stockholders of ForeFront Holdings shall have converted all of their preferred stock into common
stock and ForeFront Holdings shall have effected a 1:5 reverse stock split of its common stock, (viii) the ForeFront Domestication shall have been completed, (ix) the capitalization representation and warranty contained in Schedule 1.8(6)
of the ForeFront/Hisense Share Exchange Agreement shall be true and correct in all respects, (x) at or prior to the Closing, the Registration Statement (as defined below) filed with the Securities and Exchange Commission
(“SEC”) by ForeFront shall have been declared effective, and (xi) no amendments or waivers under the ForeFront/Stanford Purchase Agreement or any other agreement entered into in connection with the foregoing transactions shall
have been made without the prior written consent of ForeFront. 
 (b) Conditions Precedent to Hisense’s Obligation to Close. The
obligation of Hisense to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions: (i) the representations and warranties set forth in Schedule 1.8 and
Schedule 1.9 shall be true and correct in all material respects as of the date hereof and at and as of the Closing Date, except to the extent that such representations and warranties are qualified by the term “material,” or contain
terms such as “Material Adverse Effect” or “Material Adverse Change,” in which case such representations and warranties (as so written, including the term “material” or “Material”) shall be true and correct in
all respects at and as of the Closing Date, (ii) ForeFront shall have performed and complied with all of its covenants hereunder in all material respects through the Closing, (iii) ForeFront shall have procured all of the third-party
consents and governmental approvals specified in Subsection (b) of Schedule 1.8, (iv) the merger of Broadband Multimedia Systems, Ltd., a company incorporated under the laws of the British Virgin Islands, with and into ForeFront
shall have been consummated, (v) the preferred stockholders of ForeFront Holdings shall have converted all of their preferred stock into common stock and ForeFront Holdings shall have effected a 1:5 reverse stock split of its common stock,
(vi) the capitalization representation and warranty contained in Schedule 1.8(6) of the ForeFront/Hisense Share Exchange Agreement shall be true and correct in all respects, (vii) ForeFront shall have no liabilities (whether known or
unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) and (viii) at or prior to the Closing, the Registration Statement filed
with the SEC by ForeFront shall have been declared effective. 
  

 3 

 (c) Definition. For the purposes of this Agreement, “Registration Statement”
means the registration statement on Form F-4 promulgated by the SEC to be filed by ForeFront to register its securities; provided, that ForeFront qualifies under the Securities Act of 1934, as amended (“1934 Act”), to file such
statement, and if ForeFront fails to qualify to file such Form F-4 with the SEC under the 1934 Act, the term “Registration Statement” shall mean the registration statement on Form S-4 promulgated by the SEC. 
 1.12. Termination. This Agreement may be terminated as follows: (a) ForeFront and Hisense may terminate this Agreement by mutual written
consent at any time prior to the Closing; (b) ForeFront may terminate this Agreement by giving written notice to Hisense at any time prior to the Closing (i) in the event Hisense has breached any material representation, warranty, or
covenant contained in this Agreement in any material respect, ForeFront has notified Hisense of the breach, and the breach has continued without cure for a period of 30 days after the notice of breach or (ii) if the Closing shall not have
occurred on or before December 31, 2008, by reason of the failure of any condition precedent under Section 1.11(a) hereof (unless the failure results primarily from ForeFront itself breaching any representation, warranty, or covenant
contained in this Agreement); and (c) Hisense may terminate this Agreement by giving written notice to ForeFront at any time prior to the Closing (i) in the event ForeFront has breached any material representation, warranty, or covenant
contained in this Agreement in any material respect, Hisense has notified ForeFront of the breach, and the breach has continued without cure for a period of 30 days after the notice of breach or (ii) if the Closing shall not have occurred on or
before December 31, 2008, by reason of the failure of any condition precedent under Section 1.11(b) hereof (unless the failure results primarily from Hisense itself breaching any representation, warranty, or covenant contained in this
Agreement). 
 1.13. Survival. All representations and warranties contained in or made pursuant to this Agreement shall survive (and
not be affected in any respect by) the Closing of the transactions contemplated by this Agreement for a period ending 18 months after of the Closing Date; provided, however, that (i) the representations and warranties contained in
Subsections (a) and (b) of Schedule 1.7 shall survive indefinitely, and (ii) the representations and warranties contained in Subsection (h) of Schedule 1.7 shall survive for the period of the applicable statute of
limitations (including any extensions thereof). 
 1.14. Hisense Employees. Within five (5) days prior to the Closing, Hisense
shall deliver a list of employees that will become employed by ForeFront. Such list shall contain all of Hisense’s research and development employees and such other employees as mutually agreed to by the parties. 
 1.15. Indemnification. ForeFront agrees to indemnify and hold Hisense harmless from, and to reimburse Hisense for, any loss, fee, cost, expense,
damage, liability or claim (including, without limitation, any and all fees, costs and expenses whatsoever reasonably incurred by it or its counsel in investigating, preparing for, defending against, or providing evidence, producing documents or
taking any other action in respect of any threatened or asserted claim) (collectively, “Losses”) arising out of, based upon, or resulting from (i) the breach or inaccuracy of any representation or warranty of ForeFront which is
contained in or made pursuant to this Agreement; or (ii) ForeFront’s breach of or failure to perform any of the covenants or agreements contained in or made pursuant to this Agreement. ForeFront Holdings agrees to indemnify and hold
Hisense harmless from, and to reimburse Hisense for, any Losses arising out of, based upon, or resulting from (i) the breach or inaccuracy of any representation or warranty of ForeFront Holdings which is contained in or made pursuant to this
Agreement; or (ii) ForeFront Holdings’ breach of or failure to perform any of the covenants or agreements contained in or made pursuant to this Agreement. Hisense agrees to indemnify and hold ForeFront and ForeFront Holdings harmless from,
and to reimburse ForeFront for any Losses arising out of, based upon, or resulting from (a) the breach or inaccuracy of any representation or warranty of Hisense which is contained in or made pursuant to this Agreement; or
(b) Hisense’s breach of or failure to perform any of the covenants or agreements contained in or made pursuant to this Agreement; (c) any and all liabilities arising from the operation of STB Division’s business
(“Business”) prior to the Closing Date, and (d) all Transfer Taxes. In any action brought by a third party that potentially could result in Losses incurred by ForeFront pursuant to this Section 1.15, then ForeFront shall
have the sole right to defend such claim and all such Losses shall be the responsibility of Hisense under this Section 1.15. 
 1.16.
Form 8832 Election. In the event that (i) ForeFront Holdings has not received the approval of the holders of 90.78% of ForeFront Holding’s outstanding capital stock of this Agreement and the transactions contemplated hereby within
seventy-five (75) days from the formation date of ForeFront, notwithstanding the fact that such shareholder approval might not become effective until some date after such 75-day period, or (ii) SIBL or ForeFront Holdings exercises its
right to terminate this Agreement, among others, pursuant to Section 5 of that certain Letter Agreement of even date herewith by and among the parties hereto and others, ForeFront Holdings may file with the Internal Revenue Service a Form 8832
Entity Classification Election electing to treat ForeFront as a partnership retroactive to the formation date of ForeFront. 
  

 4 

 Article II 
 Manufacturing and Supply Agreement 
 2.1. Appointment of Manufacturer. Hisense agrees
to act as the supplier of all Product ordered by ForeFront from Hisense hereafter. For the purposes of this Agreement, the term “Product” or “Products” shall mean all set top boxes (“STBs”) produced
historically by Hisense and any new STBs or STB modules designed by either ForeFront or Hisense hereafter. 
 2.2. Term. The obligations of the parties under this Article II shall run for an initial term beginning at Closing and ending on the tenth (10th) anniversary thereof, and shall automatically be renewable for successive one year periods year unless either party delivers a written notice of cancellation to the other party within 90 days prior to the end of
the initial contract period or any subsequent renewal period. 
 2.3. Manufacturing Obligations. Hisense shall manufacture for,
and deliver to or on the instruction of, ForeFront that number of units of the Product required or requested by ForeFront for resale or other uses. The parties recognize and acknowledge that such forecast is an estimate only, and the actual
requirements or requests of ForeFront may be below or exceed such forecast. Such excess or shortfall will not relieve Hisense of its obligations hereunder to provide the requirements or requests of Products of ForeFront. The manufacture of any and
all Products by Hisense for ForeFront shall be pursuant to and in accordance with specifications provided by ForeFront. Hisense shall not allow or authorize any other entity, including any parent, subsidiary or affiliated entity or corporation of
Hisense, or any subcontractor, to manufacture, build or in any way produce, in whole or in part, any Product without the prior express written consent of ForeFront, except to meeting orders placed by ForeFront. 
 2.4. Inspection Right. ForeFront shall have the right to inspect the manufacture of the Products at any Hisense manufacturing facility where the
same is occurring, or at any storage facility of or used by Hisense where any Product is stored. Hisense shall permit ForeFront’s representatives to enter Hisense’s manufacturing or storage premises at any time during normal business hours
whenever one or more Products are being manufactured or stored. During such inspection or immediately thereafter, ForeFront’s representatives shall have the opportunity and right to notify Hisense of any problems, defects, or noncompliance in
the manufacturing process, or finished Product, at which point Hisense shall use all means necessary to correct or eliminate such defects or noncompliance. 
 2.5. Manufacturing Schedule. ForeFront shall provide to Hisense on the 26th day of each month a forecast of the number of units of Product it anticipates it will require or request for the following three-month period. The
manufacturing process for any Product or Products shall be initiated upon the receipt by Hisense, in any manner (whether by mail, delivery, or facsimile) of a purchase order from ForeFront for one or more Products (as specified on said purchase
order) to Hisense. Such purchase orders must be issued on the 12th and 28th day of each month. From and after receipt of such purchase order, Hisense shall commence and complete manufacture of any Product or Products set forth in such purchase order within 15 days of receipt of the same.
Hisense shall not be obligated to keep to this schedule if any delay or failure to do so results from fire, embargo, strike or any circumstances beyond Hisense’s control which shall prevent Hisense from completing the manufacturing process
within this schedule. Hisense shall promptly provide ForeFront with written notice of any occasion or cause of delay affecting the manufacturing process of Products, the cause or causes of such delay, an estimate of the amount of delay, as well as
addressing or proposing any efforts or plans to eliminate such delay. 
 2.6. Pricing. Hisense shall provide a
fixed price to ForeFront for the manufacture of the Products hereunder. The fixed pricing will be based on 1.17 times the actual bill of materials used in the manufacture of the Product (using the last-in, first-out method as of the date of shipment
to ForeFront), inclusive of Chinese value added tax, plus the actual direct production cost of the units. For the calendar year 2008, the production cost of the existing Products (not including the recently launched digital set top boxes) shall be
20RMB per unit. The production cost of new Products (such as the new digital set top boxes) shall be the actual direct production costs, determined using the same principles as 20 RMB was set for the existing products. The production costs
shall not include any amounts, costs or expenses for or attributable to overhead, general, administrative, personnel, debt or other items not directly related to the cost of materials and direct labor used in manufacturing the Product. ForeFront
shall have full access to the books and records of Hisense to evaluate the prices set forth in any invoices presented to ForeFront. Hisense shall keep full, proper and up-to-date books of accounts and records showing clearly all inquiries,
transactions and proceedings relating to the manufacturing of the Products and shall, upon being given no less than three (3) days’ notice, allow ForeFront or its representatives to have access to such books and records and make such
copies of them (electronic or paper) as they may require. ForeFront is responsible for all expenses it incurs in connection with any audit unless the audit discloses misfeasance or malfeasance by or on behalf of Hisense. In any such cases, Hisense
shall promptly reimburse ForeFront on demand for all of such audit expenses. If any audit expenses due and payable by Hisense hereunder remain unpaid for more than 10 days after ForeFront’s demand therefore, such audit expenses will accrue
interest at the highest rate allowed by law. 
  

 5 

 2.7. Quarterly Meeting and Periodic Review of Manufacturing Costs and Price. Hisense and ForeFront
shall meet on at least a quarterly basis for a review and discussion of bill of materials, direct production costs and pricing, and records and documents pertaining thereto. At such quarterly meetings, and at such other times upon reasonable request
and notice to Hisense, ForeFront shall have the right to inspect the books and records of Hisense with respect to costs of manufacturing to establish and verify the actual costs of materials and direct production costs for and of Hisense.

 2.8. Payment Terms. Upon completion of manufacturing and arrangements for delivery of units of Product from and on a particular
purchase order, Hisense shall prepare and deliver to ForeFront an invoice for the Product or Products on such purchase order. The undisputed amount of such invoice shall, for calendar year 2008, be payable by ForeFront to Hisense within 90 days from
the date of delivery of such invoice to ForeFront. Annually, the parties will meet to review whether the payment terms offered by customers of ForeFront have been reduced to allow reduced payment terms hereunder while still matching the payment
terms ForeFront provides its customers to its obligations to make payments to Hisense hereunder. Forefront undertakes to exert appropriate efforts to negotiate in the future for shorter than 90 day customer payment terms where commercially possible.
In the event ForeFront fails to duly and timely make the payments due hereunder, it will also reimburse Hisense for its financing costs on such delinquent amounts. 
 2.9. Shipping and Delivery. The parties agree that ForeFront shall have the exclusive rights to distribute any and all Products manufactured by Hisense that are the subject of this Agreement. Hisense shall
effectuate shipping and delivery, FOB factory, to ForeFront at the delivery and shipping address specified by ForeFront in written delivery instructions to Hisense. Shipping costs are to be billed to ForeFront by Hisense for each delivery of
Product. ForeFront and Hisense will work together to determine and effectuate the most cost-effective method of transportation for each delivery. Hisense will not add any service charge or increase or any other mark-up to the shipping cost to
ForeFront. 
 2.10. Warranties. Hisense expressly warrants that all Products manufactured hereunder shall be of merchantable quality,
free from defects in materials and workmanship, and fit for their intended use. Hisense further warrants that all Products will be manufactured in accordance with applicable federal, state and local laws, regulations and orders and that the Products
shall be manufactured in conformity with the specifications provided by ForeFront. The warranty period shall be eighteen (18) months from the date of shipment or twelve (12) months from the date of use by ForeFront or ForeFront’s
customer, whichever ends later. Hisense shall indemnify, defend and hold ForeFront harmless from and against any and all claims, however arising, whether in tort, contract, warranty, or otherwise, and all expenses, including, without limitation,
attorney’s fees and costs, resulting from any injury to or death of any person, or any damage to property, or any economic or other losses, caused by defects in the manufacture of Products hereunder. Hisense shall further indemnify and hold
ForeFront harmless from the withdrawal and recall costs and expenses incurred by ForeFront due to defects in Hisense’s manufacture of Products or due to any recall of Products ordered by a court of competent jurisdiction or governmental agency.
ForeFront shall give Hisense written notice of any breach of warranty promptly after ForeFront’s discovery or receipt thereof. 
 2.11.
Ownership of Intellectual Property Rights. Hisense acknowledges that all inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether or not patentable)
that relate to the Products and that are conceived, developed, made or reduced to practice by Hisense while engaged by ForeFront to manufacture the Products (“Work Product”) belong to ForeFront and Hisense hereby assigns, and agrees
to assign, all of the Work Product to ForeFront. Any copyrightable work prepared in whole or in part by Hisense in the course of its work for ForeFront shall be deemed a “work made for hire” under the copyright laws, and ForeFront shall
own all rights therein. To the extent that any such copyrightable work is not a “work made for hire,” Hisense hereby assigns and agrees to assign to ForeFront all right, title and interest, including, without limitation, copyright in and
to such copyrightable work. Hisense shall promptly disclose such Work Product and copyrightable work to ForeFront and perform all actions reasonably requested by ForeFront (whether during or after the term of this Agreement) to establish and confirm
the ForeFront’s ownership (including, without limitation, assignments, consents, powers of attorney and other instruments). During the term of this Agreement, ForeFront grants to Hisense a limited, non-transferable, non-sublicensable,
non-exclusive, royalty-free, fully paid-up, revocable license to (i) use all such patents and other intellectual property owned by ForeFront for the manufacture of the Products, and (ii) copy, distribute, make derivatives from, and
otherwise use all such patents and other intellectual property owned by ForeFront for use with products that do not compete with the manufacture and sale of the Products. The parties hereto further agree to fully cooperate in the preparation,
execution, delivery, filing and recording of any and all documents necessary to carry out and accomplish the provisions of this Section 2.11, including the preparation, execution, delivery, filing and recording of any licenses or license
agreements, subject to ForeFront’s prior approval as to the form and terms thereof. 
  

 6 

 2.12. Exclusive Purchaser and Reseller. The parties hereto agree that any and all Products
manufactured by Hisense hereunder shall be sold only to, and on the written order of, ForeFront. All inquiries to Hisense to manufacture Products shall be referred to ForeFront. The parties agree that while Hisense or its representatives or agents
may assist in the marketing and sales of the Product, all such sales shall be accomplished to, through or otherwise at the direction and order of ForeFront. If Hisense terminates this Agreement as it relates to the manufacturing of the Products
pursuant to Section 2.13 or fails to renew the Agreement pursuant to Section 2.2 hereof, Hisense shall be prohibited from manufacturing any products that are identical or similar to the Products. The parties agree that this provision will
survive the termination or non-renewal of this Agreement by one or both parties, or any failure or alleged failure of ForeFront to act pursuant to the terms hereof. 
 2.13. Termination. If either party commits a material default under Article II of this Agreement, and fails to cure such default within 30 days after receipt of written notice from the other party specifying
such default, the other party may, in addition to and without prejudice to its other lawful rights and remedies, terminate this Agreement at any time after the expiration of such 30 days, provided, however, that if a non-monetary
default is not reasonably curable within such period, and the defaulting party shall have diligently commenced to cure such default within such 30 day period, the defaulting party shall have a reasonable time thereafter within which to complete the
cure of such default. The remedies reserved to the parties herein shall be cumulative to all other or further remedies provided by law. No waiver by either party of any breach, default or violation of any term, warranty, representation, agreement,
covenant, condition or provision hereof shall constitute a waiver of any subsequent breach, default, or violation of the same or other term, warranty, representation, agreement, covenant, condition or provision. 
 Article III 
 General Provisions

 3.1. General. All of the representations, warranties, covenants and agreements of Hisense, on the one hand, and ForeFront,
on the other hand, contained or incorporated herein shall remain effective in accordance with their respective terms notwithstanding any investigation at any time made by or on behalf of Hisense or ForeFront (as the case may be) or of any
information or facts discovered by or on behalf of Hisense or ForeFront (as the case may be) in connection with such investigation. Any such investigation shall not constitute a waiver or relinquishment on the part of any party of such party’s
right to rely on any of the warranties, representations, covenants and agreements of the Hisense or ForeFront (as the case may be) in or pursuant to this Agreement. This Agreement and all exhibits and schedules attached hereto and thereto, and the
documents delivered concurrently herewith contain the entire agreement among the parties hereto with respect to the transactions contemplated hereby and supersede all prior oral or written agreements and understandings. The provisions of this
Agreement are severable. In the event any provision of this Agreement shall be deemed to be invalid or void, whether wholly or partially, under any applicable law, the remaining provisions hereof shall not be affected thereby and shall continue in
full force and effect. Captions contained herein are for convenience only and shall not affect the interpretation of any of the provisions. This Agreement, and all transactions and agreements in connection herewith, shall be governed by and
construed in accordance with the laws of the State of Florida without regard to principles of conflicts of laws. This Agreement may be executed in any number of counterparts and in separate counterparts by the several parties hereto, each of which
when so executed will be an original, but all of which will together constitute one and the same instrument. Except as otherwise provided in this Agreement, each party hereto shall pay its own legal, accounting, out-of-pocket and other expenses
incident to this Agreement and to any action taken by such party in preparation for carrying this Agreement into effect. Any notice or other communication required or permitted hereunder shall be in writing and shall be delivered personally, sent by
facsimile transmission (with immediate confirmation thereafter) or sent by certified, registered or express mail, postage prepaid, or by a nationally recognized overnight courier service, marked for overnight delivery. Any such notice shall be
deemed given when so delivered personally or sent by facsimile transmission (with immediate confirmation thereafter) or, if mailed, five (5) business days after the date of deposit in the mail, or if sent by overnight courier marked for
overnight delivery, two (2) business days after the date of delivery to the courier service, to the address set forth on the signature page hereto. The rights and obligations of Hisense may not be assigned without the prior written consent of
ForeFront. 
 3.2. Dispute Resolution. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof
shall be finally settled by arbitration exclusively (i) administered by the International Centre for Dispute Resolution (the “ICDR”) and (ii) under the International Dispute Resolution Procedures of the ICDR (the
“ICDR Rules”). Judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The number of arbitrators shall be one (1), unless the parties subsequently agree in writing that three
(3) arbitrators shall be appointed to resolve such particular dispute. The arbitrator(s) shall be appointed exclusively in accordance with the ICDR Rules. The place of arbitration shall be Miami, Florida. The arbitration proceedings shall be
conducted in English. The parties waive, to the extent permitted under applicable law, any right that they may have under any law applicable to this Agreement or any party hereto to object to arbitration hereunder on the basis that such an agreement
was not entered into after a dispute had arisen. 
  

 7 

 3.3. Transfer Taxes. All transfer, documentary, sales, use, stamp, registration and other such
taxes, and all conveyance fees, recording charges and other charges and fees (including any penalties and interest) incurred in connection with consummation of the transactions contemplated by this Agreement (“Transfer Taxes”) are
to be paid by Hisense when due. 
 3.4. Further Assurances. The parties shall at any time and from time to time after the Closing,
upon reasonable request, execute, acknowledge, and deliver such bills of sale, endorsements, assignments, and/or other instruments and take such other actions as may be reasonably required to effectuate the transactions contemplated by this
Agreement. 
 3.5. Name References. At the Closing, ForeFront will change its name to “Hisense Broadband Multimedia Systems
Ltd.” (“HBM”) and all references to “ForeFront” under this Agreement shall become references to “HBM.” 
 [Signature Page Follows] 
  

 8 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

  

									
	HISENSE:	 		 	FOREFRONT:
			
	QINGDAO HISENSE ELECTRIC LTD., a company incorporated under the laws of the People’s Republic of China	 		 	FOREFRONT BVI LTD., a company incorporated under the laws of the British Virgin Islands
					
	By:	 	  
	 		 	By:	 	 /s/ Richard M. Gozia 

	Name:	 		 		 	Name:	 	Richard M. Gozia
	Title:	 		 		 	Title:	 	Interim Chief Executive Officer
				
	Registered Address:	 		 	Address:	 	835 Bill Jones Industrial Drive
		 	No.218, Qingwangang Road, Economic and Technical Development District, Qingdao, China	 		 		 	 Springfield, TN 37172
 Attn: Richard
Gozia

		 		 		 	Facsimile:	 	 (615) 384-1290

	Address:	 	No. 17, Donghai West Road, Qingdao, China	 		 		 	
		 	Attn: Xia, Feng	 		 		 	
	Facsimile:	 	+86-532-8388-9556	 		 		 	

  

			
	 FOREFRONT HOLDINGS:

	
	FOREFRONT HOLDINGS, INC., a Florida corporation
		
	By:	 	 /s/ Richard M. Gozia

	Name:	 	Richard M. Gozia
	Title:	 	Interim Chief Executive Officer
		
	Address:	 	 835 Bill Jones Industrial Drive
 Springfield, TN 37172

		 	Attn: Richard Gozia
	Facsimile:	 	(615) 384-1290

  

 9 

 Schedule 1.1 
 Acquired Assets 
  

 10 

 Schedule 1.2 
 Assigned Contracts 
  

 11 

 Schedule 1.7 
 Hisense’s Representations and Warranties 
 (a) Organization; Authority and Binding
Effect. Hisense is a corporation duly incorporated, validly existing and in good standing under the laws of the People’s Republic of China and has full corporate power and authority to execute, deliver and perform this Agreement. The
execution, delivery and performance of this Agreement has been duly authorized by all necessary action on the part of Hisense, and does not and will not (i) contravene the Articles of Incorporation or Bylaws (or equivalent corporate governance
documents with different names) of Hisense; or (ii) result in any violation of any law, rule or regulation applicable to Hisense. Hisense is not a party to, or subject to or bound by, any judgment, injunction or decree of any court or
governmental authority which may restrict or interfere with the performance of this Agreement or such other instruments, agreements and documents as are to be executed by Hisense in connection herewith on or prior to the date of this Agreement. This
Agreement and the instruments, agreements and documents executed and delivered in connection herewith are valid and binding obligations of Hisense, enforceable in accordance with their terms. 
 (b) Title to Acquired Assets. Hisense has good and merchantable title to the Acquired Assets free and clear of any Liens and any other
restrictions whatsoever, and there are no executions or seizures of the Acquired Assets imminent by any landlord, taxing authorities or other creditors. 
 (c) Intellectual Property. All Intellectual Property (as hereinafter defined) owned, licensed, utilized, or useable by Hisense and which is related to the conduct of the Business is listed on Disclosure
Annex 1.7(c) (together with all rights of Hisense therein to sue and collect damages for past, present or future infringement, misappropriation, or other violation of such Intellectual Property, the “Acquired Intellectual
Property”). Hisense is the sole owner of all right, title and interest in and to the Acquired Intellectual Property, free and clear of any Liens. All of the registrations for the Acquired Intellectual Property are owned of record and in
fact by Hisense, are in full force and effect and are valid and enforceable. All filings, fees and actions required to be filed, paid or taken, as applicable, prior to the date hereof in order to maintain such registrations in full force and effect
have been made, paid and taken, respectively. The Acquired Intellectual Property constitutes all of the Intellectual Property necessary for the conduct of Hisense’s business as currently conducted. No royalties or other compensation of any kind
is due or payable to any third party in connection with the use of any of the Acquired Intellectual Property. Except as set forth on Disclosure Annex 1.7(c), (i) Hisense has not received any notice of any claim of infringement or any
other claim or proceeding relating to any Acquired Intellectual Property, (ii) Hisense does not have any knowledge that any Person is challenging the ownership, enforceability, or validity, or infringing or wrongfully or unlawfully using any
Acquired Intellectual Property, (iii) the operation of the Business as currently conducted does not and will not infringe, misappropriate, or otherwise violate any Intellectual Property right of any third party, (iv) there are no facts
which could be the basis for a claim of infringement, misappropriation, or other violation of the Acquired Intellectual Property, (v) Hisense has not granted any licenses or other rights, and has no obligation to grant licenses or other rights,
to any third party with respect to any of the Acquired Intellectual Property, and (vi) Hisense has not made any claim of any violation, infringement or misappropriation by others of its rights to or in connection with the Acquired Intellectual
Property, and Hisense know of no basis for the making of any such claim. No present or former employee of Hisense has any proprietary, financial or other interest, direct or indirect, in whole or in part, in any Acquired Intellectual Property.
Hisense has taken steps consistent with generally accepted industry standards and in any event no less than reasonable steps to preserve the secrecy of its trade secrets and confidential information. For purposes of this Agreement,
“Intellectual Property” shall mean intangibles, intellectual and proprietary property including, without limitation, the following: (A) all names, fictional business names, trade names, trade name applications, registered and
unregistered trademarks, service marks, logos, Internet domain names and the goodwill associated with any of the foregoing, including all common law rights with respect thereto; (B) all trade secrets, formulas, technical information, data
sheets, production records, working knowledge, unpatented inventions, processes, discoveries, developments, research data, technology, procedures, and all other know-how, and including copies of all drawings, blueprints, sketches, records,
development data and reports, engineering data and reports, plant designs, production specifications, raw material specifications, quality control specifications, cost analyses, flow sheets, equipment and parts lists, process sheets, instruction
manuals, and supplier lists relating thereto; (C) all computer software, copyrights, and related licenses; (D) all patents, patent applications, and inventions and discoveries (whether patentable or not), and (E) all copyrights in
both published works and unpublished works and rights in databases and data collections, other intellectual or industrial property rights and foreign equivalent or counterpart rights and forms of protection of a similar or analogous nature to any of
the foregoing or having similar effect in any jurisdiction throughout the world; and registrations and applications for registration of any of the foregoing, including any renewals, extensions, continuations (in whole or in part), divisionals,
re-examinations or reissues or equivalent or counterpart thereof; and all documentation and embodiments of the foregoing. 
 (d)
Consents. Except as set forth on Disclosure Annex 1.7(d), no consent, approval, authorization or order of, or registration, qualification or filing with, any court, regulatory authority or other governmental body is required for the
execution, 

  

 12 

 
delivery and performance by Hisense of this Agreement, or the execution, delivery and performance by Hisense and the other instruments, agreements and
documents required or contemplated hereby or thereby. No consent of any Person is required for the execution, delivery and performance by Hisense of this Agreement and such other instruments, agreements and documents or the consummation of the
transactions contemplated hereby and thereby. 
 (e) Contracts and Liabilities. Each Assigned Contract is valid and binding on each
party thereto and is identified on Schedule 1.1. There is no default or claim of default under any provision of any such contract, and no event has occurred which, with the passage of time or the giving of notice (or both), would constitute a
default by Hisense (or, to the best of Hisense’s knowledge, by any other party thereto) under any provision thereof, or would permit modification, acceleration or termination of such contract by any party thereto. 
 (f) No Conflict or Violation. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby
will (i) contravene, conflict with, constitute a default (or an event or condition which, with notice or lapse of time or both, would constitute a default) under, or result in the termination or acceleration of, or result in the imposition or
creation of any lien under, any agreement or instrument to which Hisense is a party or by which the Acquired Assets are bound, or (ii) except as set forth on Disclosure Annex 1.7(d), violate any statute, rule, regulation, ordinance,
code, order, judgment, writ, injunction, decree or award, or constitute an event which with notice, lapse of time, or both, would result in any such violation, to which Hisense or the Acquired Assets are subject. 
 (g) Litigation; Compliance with Law. There is no action, suit, claim, governmental or other proceeding or investigation pending, or to
Hisense’s knowledge, threatened against or affecting the STB Division or the Acquired Assets including, without limitation, actions, suits or claims for damages or in which injunctive or equitable relief is requested. There is no outstanding
judgment, order, injunction or decree of any court, government or governmental agency against or affecting the Acquired Assets. Hisense has complied in all material respects with all laws, ordinances, or governmental or regulatory rules or
regulations, whether federal, state, local or foreign, to which the Business or the Acquired Assets are subject, including any environmental, labor and employment laws, rules and regulations. Hisense owns, holds, possesses or lawfully uses in the
operation of the Business all permits (“Permits”) which are in any manner necessary to conduct the Business as now conducted or for the ownership and use of the Acquired Assets owned or used by Hisense in the conduct of the
Business. Hisense is not in default, nor has it received any written notice of any claim of default, with respect to any Permits. None of the Permits will be adversely affected by consummation of the transactions contemplated hereby, subject to
obtaining required third party consents and approval. 
 (h) Conduct of Business. The business and assets of the STB Division have
been used and/or operated only in the ordinary course, except as contemplated by this Agreement. The business of the STB Division has been conducted in compliance with all applicable statutes, codes, laws, ordinances, regulations, requirements,
decrees and orders of any court or governmental entity including, without limitation, those relating to zoning, building, health, occupational safety and environmental matters, and Hisense has not received any notice asserting any non-compliance
with the foregoing. 
 (i) Product Standards. The products manufactured by Hisense are fully compliant with any applicable law
(including rules, regulations, codes, plans, injunctions, judgments, orders, decrees, rulings, and charges thereunder), standards and certifications. There is no action, suit, proceeding or investigation pending or, to Hisense’s knowledge,
threatened, by any governmental authority or other Person, that has resulted or could reasonably be expected to result in any of the products of Hisense being determined not to comply with any of such laws, standards or certifications. None of the
products of Hisense have been recalled, withdrawn, suspended or discontinued or considered for recall, withdrawal, suspension or discontinuation other than for commercial or other business reasons unrelated to the failure of such products to comply
with applicable laws (including rules, regulations, codes, plans, injunctions, judgments, orders, decrees, rulings, and charges thereunder), standards and certifications by Hisense in the United States or outside the United States (whether
voluntarily or otherwise). 
 (j) Ethical Practices; Foreign Corrupt Practices and International Trade Sanctions. Hisense has not, in
connection with the Business, offered or given, and Hisense is not aware of any Person that has offered or given, on Hisense’s behalf, anything of value to, in violation of any law, including the Foreign Corrupt Practices Act of 1977, as
amended (the “FCPA”): (i) any official of a governmental body, any political party or official thereof or any candidate for political office; (ii) any customer or member of any governmental body; or (iii) any other
Person, for the purpose of any of the following: (x) influencing any action or decision of such Person in such Person’s official capacity, including a decision to fail to perform such Person’s official function; (y) inducing such
Person to use such Person’s influence with any governmental body to affect or influence any act or decision of such governmental body to assist Hisense in obtaining or retaining business for, with, or directing business to, any Person; or
(z) where such payment would constitute a bribe, kickback or illegal or improper payment to assist Hisense in obtaining or retaining business for, with, or directing business to, any Person, except for an immaterial political contribution (in
an amount which was less than $1,000) by a 

  

 13 

 
political action committee which was fully disclosed to the appropriate governmental body (without any resulting fine or penalty to Hisense). To the actual
knowledge of Hisense, Hisense is compliance in all material respects with the FCPA. 
 (k) Financial Statements. Attached hereto as
Disclosure Annex 1.7(k) are the following financial statements for the STB Division (collectively the “Financial Statements”): (i) unaudited statements of income as of and for the eleven months ended November 30,
2006, (ii) unaudited statements of income as of and for the fiscal year ended December 31, 2006 and (iii) unaudited statements of income as of and for the eleven months ended November 30, 2007. Each of the Financial Statements:
(a) is materially true, complete, and correct as of its respective date, (b) is in accordance with and supported by and consistent with the books and records of the STB Division, in all material respects, and (c) presents fairly the
results of operations of the STB Division; provided, however, that the Financial Statements are not audited, are not in accordance with Chinese accepted accounting principles and do not contain footnotes. The Acquired Assets are
substantially comprised of intangible property and the net book value of such intangible property, as reflected on the financial books and records of Hisense, is immaterial. 
 (l) Customers and Suppliers. Since November 30, 2007, no material supplier of the STB Division has indicated in writing, and Hisense has no
knowledge (without inquiry), that a material supplier shall stop, or materially decrease the rate of, supplying materials, products or services to the STB Division (except upon the completion in full of contracted supplies), and no material customer
of the STB Division has indicated in writing, and Hisense has no knowledge (without inquiry), that such material customer shall stop, or materially decrease the rate of, buying materials, products or services from the STB Division (except upon the
fulfillment in full by Hisense of contracted shipments). 
 (m) Insurance. The STB Division has insurance coverage in scope and amount
customary and reasonable in China for the business in which it is engaged. 
 (n) Transactions with Affiliates. All agreements between
Hisense and its Affiliates (as defined below) are on terms that are not less favorable to Hisense than those that are reasonably obtainable at the time in an arm’s-length transaction with a Person that is not such an Affiliate. For the purposes
hereof, (i) “Affiliate” means, with respect to any Person, any other Person which directly or indirectly Controls such Person, (ii) “Control” (including, with its correlative meanings, “controlled
by” and “under common control with”) means possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests,
by contract or otherwise), and (iii) “Person” shall mean any individual, corporation, company, voluntary association, partnership, joint venture, trust, unincorporated organization or government (or any agency, instrumentality
or political subdivision thereof). 
 (o) Brokers’ and Finders’ Fees. Hisense is not obligated to pay any fees or expenses
of any broker, finder or consultant in connection with the origin, negotiation, or execution of this Agreement or in connection with any transactions contemplated hereby. 
 (p) Disclosure. No representation or warranty made by Hisense in this Agreement, and no statement contained in any Exhibit, Schedule, Annex, document, agreement, certificate or other instrument specified in
this Agreement, contains any untrue statement of a material fact or omits to state a material fact necessary to make such representation, warranty or statement not misleading in light of the circumstances under which it was made. 
  

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 Schedule 1.8 
 ForeFront’s Representations and Warranties 
 (a) Organization; Authority; Binding Effect.
ForeFront is a corporation duly organized, validly existing and in good standing under the laws of the British Virgin Islands and has full power and authority to execute, deliver and perform this Agreement. The execution, delivery and performance of
this Agreement has been duly authorized by all necessary action on the part of ForeFront, and does not and will not (i) contravene its charter; or (ii) result in any violation of any law, rule or regulation applicable to ForeFront.
ForeFront is not a party to, or subject or bound by, any judgment, injunction or decree of any court of governmental authority which may restrict or interfere with the performance of this Agreement or such other instruments, agreements and documents
as are to be executed by ForeFront in connection herewith on or prior to the date of this Agreement. This Agreement and the instruments, agreements and documents executed and delivered in connection herewith are valid and binding obligations of
ForeFront enforceable in accordance with their terms. 
 (b) Consents. No consent, approval, authorization or order of, or
registration, qualification or filing with, any court, regulatory authority or other governmental body is required for the execution, delivery and performance by ForeFront of this Agreement and the other instruments, agreements and documents
required for contemplated hereunder or the consummation by ForeFront of the transactions contemplated hereby and thereby. No consent of any Person is required for the execution, delivery and performance by ForeFront of this Agreement and such other
instruments, agreements and documents for the consummation of the transactions contemplated hereby and thereby. 
 (c) No Conflict or
Violation. Neither the execution and delivery of this Agreement nor consummation of the transactions contemplated hereby will result in (i) a violation or breach of, or default under, any term or provision of any indenture, mortgage,
security agreement, contract, agreement, lease, commitment, license, franchise, permit, authorization or concession to which ForeFront is a party or to which it or any of its property may be bound or constitute an event which with notice, lapse of
time, or both, would result in any such violation, breach or default, or (ii) a violation by ForeFront of any statute, rule, regulation, ordinance, code, order, judgment, writ, injunction, decree or award, or constitute an event which with
notice, lapse of time, or both, would result in any such violation. 
 (d) Brokers’ and Finders’ Fees. ForeFront is not
obligated to pay any fees or expenses of any broker, finder or consultant in connection with the origin, negotiation, or execution of this Agreement or in connection with any transactions contemplated hereby. 
  

 15 

 Schedule 1.9 
 ForeFront Holdings’ Representations and Warranties 
 (a) Organization; Authority; Binding
Effect. ForeFront Holdings is a corporation duly organized, validly existing and in good standing under the laws of Florida and has full power and authority to execute, deliver and perform this Agreement. The execution, delivery and performance
of this Agreement has been duly authorized by all necessary action on the part of ForeFront Holdings, and does not and will not (i) contravene its articles of incorporation or bylaws; or (ii) result in any violation of any law, rule or
regulation applicable to ForeFront Holdings. ForeFront Holdings is not a party to, or subject or bound by, any judgment, injunction or decree of any court of governmental authority which may restrict or interfere with the performance of this
Agreement or such other instruments, agreements and documents as are to be executed by ForeFront Holdings in connection herewith on or prior to the date of this Agreement. This Agreement and the instruments, agreements and documents executed and
delivered in connection herewith are valid and binding obligations of ForeFront Holdings enforceable in accordance with their terms. 
 (b)
No Conflict or Violation. Neither the execution and delivery of this Agreement nor consummation of the transactions contemplated hereby will result in (i) a violation or breach of, or default under, any term or provision of any
indenture, mortgage, security agreement, contract, agreement, lease, commitment, license, franchise, permit, authorization or concession to which ForeFront Holdings is a party or to which it or any of its property may be bound or constitute an event
which with notice, lapse of time, or both, would result in any such violation, breach or default, or (ii) a violation by ForeFront Holdings of any statute, rule, regulation, ordinance, code, order, judgment, writ, injunction, decree or award,
or constitute an event which with notice, lapse of time, or both, would result in any such violation. 
 (c) SEC Filings. ForeFront
Holdings has filed with the SEC (i) its Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006, (ii) its Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30 and September 29,
2007 and (iii) all of its other reports, statements, schedules and registration statements through November 29, 2007 (collectively, the “SEC Documents”). As of its filing date (and as of the date of any amendment), each SEC
Document complied as to form in all material respects with the applicable requirements of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, as the case may be. As of its filing date (or, if amended or
superseded by a filing prior to the date hereof, on the date of such filing), each SEC Document filed pursuant to the Securities Exchange Act of 1934, as amended, did not contain any untrue statement of a material fact or omit to state any material
fact necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading. 
 (d) Compliance with Laws. ForeFront Holdings has complied in all material respects with all laws, ordinances, or governmental or regulatory rules or regulations, whether federal, state, local or foreign applicable to it, including
without limitation, all securities laws, rules and regulations. 
 (e) Brokers’ and Finders’ Fees. ForeFront Holdings is not
obligated to pay any fees or expenses of any broker, finder or consultant in connection with the origin, negotiation, or execution of this Agreement or in connection with any transactions contemplated hereby. 
  

 16

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