Document:

Exhibit
      10.1

    

    SUBSCRIPTION
      AGREEMENT

    

    Loreto
      Resources Corporation

    1266
      1st
      Street,
      Suite 4

    Sarasota,
      FL 34236

    

    This
      Subscription Agreement (this “Agreement”)
      has
      been executed by the subscriber set forth in the signature page attached hereto
      (the “Subscriber”)
      in
      connection with the private placement offering (the “Offering”)
      of a
      minimum of 2,000,000 and a maximum of 3,000,000 shares (the “Shares”) of common
      stock, $0.001 par value per share (the “Common Stock”), of Loreto Resources
      Corporation (formerly known as Loreto Corporation), a Nevada Corporation (the
      “Company”),
      at a
      purchase price of $1.00 per Share. 

     

    The
      Shares being subscribed for pursuant to this Agreement have not been registered
      under the Securities Act of 1933, as amended (the “Securities
      Act”).
      The
      Offering is being made on a “best efforts” basis to “accredited investors,” as
      defined in Regulation D under the Securities Act, and non-”U.S. persons,” as
      defined in Regulation S under the Securities Act. The Company reserves the
      right, in its sole discretion and for any reason, to reject any Subscriber’s
      subscription in whole or in part, or to allot less than the number of Shares
      subscribed for.

     

    The
      closing of the Offering (the “Closing;”
and
      the date on which such Closing occurs hereinafter referred to as the
“Closing
      Date”)
      shall
      be at the offices of Gottbetter & Partners, LLP, as trustee (the
“Trustee”),
      at
      488 Madison Avenue, New York, New York 10022 (or such other place as is mutually
      agreed to by the Company). The Company may conduct multiple closings for the
      sale of the Shares until the termination of the Offering. The Offering shall
      continue until August 1, 2008, which date may be extended until August 15,
      2008
      by the Company.

     

    1. Subscription.
      The
      undersigned Subscriber hereby subscribes to purchase the number of Shares set
      forth on the signature page attached hereto, at an aggregate price as set forth
      on such signature page (the “Purchase
      Price”),
      subject to the terms and conditions of this Agreement and on the basis of the
      representations, warranties, covenants and agreements contained
      herein.

     

    2. Subscription
      Procedure.
      To
      complete a subscription for the Shares, the Subscriber must fully comply with
      the subscription procedure provided in this Section on or before the Closing
      Date.

     

    a. Transaction
      Documents.
      On or
      before the Closing Date, the Subscriber shall review, complete and execute
      the
      Signature Page to this Agreement and the Investor Certification, attached hereto
      as Appendix
      A
      (collectively, the “Transaction
      Documents”),
      and
      deliver the Transaction Documents to the Trustee. Executed documents may be
      delivered to the Trustee by facsimile or electronic mail (e-mail), if the
      Subscriber delivers the original copies of the documents to the Trustee as
      soon
      as practicable thereafter.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    b. Purchase
      Price.
      Simultaneously with the delivery of the Transaction Documents to the Trustee
      as
      provided herein, and in any event on or prior to the Closing Date, the
      Subscriber shall deliver to the Trustee the full Purchase Price by check or
      by
      wire transfer of immediately available funds.

     

    c. Company
      Discretion.
      The
      Subscriber understands and agrees that the Company in its sole discretion
      reserves the right to accept or reject this or any other subscription for
      Shares, in whole or in part, notwithstanding prior receipt by the Subscriber
      of
      notice of acceptance of this subscription. The Company shall have no obligation
      hereunder until the Company shall execute and deliver to the Subscriber an
      executed copy of this Agreement. If this subscription is rejected in whole,
      or
      the offering of Shares is terminated, all funds received from the Subscriber
      will be returned without interest or offset, and this Agreement shall thereafter
      be of no further force or effect. If this subscription is rejected in part,
      the
      funds for the rejected portion of this subscription will be returned without
      interest or offset, and this Agreement will continue in full force and effect
      to
      the extent this subscription was accepted.

     

    3. Representations
      and Warranties of the Company.
      The
      Company hereby represents and warrants to the Subscriber the
      following: 

     

    a. Organization
      and Qualification.
      The
      Company is a corporation duly organized and validly existing under the laws
      of
      the State of Nevada. The Company has all requisite power and authority to carry
      on its business as currently conducted, other than such failures that would
      not
      reasonably be expected to have a material adverse effect on the Company’s
      business, properties or financial condition (a “Material
      Adverse Effect”).
      The
      Company is duly qualified to transact business in each jurisdiction in which
      the
      failure to be so qualified would reasonably be expected to have a Material
      Adverse Effect.

     

    b. Authorization.
      As of
      the Closing, all action on the part of the Company, its board of directors,
      officers and existing stockholders necessary for the authorization, execution
      and delivery of this Agreement and the performance of all obligations of the
      Company hereunder and thereunder shall have been taken, and this Agreement,
      assuming due execution by the parties hereto and thereto, will constitute valid
      and legally binding obligations of the Company, enforceable in accordance with
      their respective terms, subject to: (i) judicial principles limiting the
      availability of specific performance, injunctive relief, and other equitable
      remedies and (ii) bankruptcy, insolvency, reorganization, moratorium or other
      similar laws now or hereafter in effect generally relating to or affecting
      creditors’ rights.

    

    c. Valid
      Issuance of the Common Stock.
      The
      shares of Common Stock, when issued, sold and delivered in accordance with
      the
      terms of this Agreement for the consideration expressed herein shall be duly
      and
      validly issued and will be free of restrictions on transfer directly or
      indirectly created by the Company other than restrictions on transfer under
      this
      Agreement and under applicable federal and state securities laws.

    

    d. Governmental
      Consents.
      No
      consent, approval, order or authorization of, or registration, qualification,
      designation, declaration or filing with, any federal, state or local
      governmental authority on the part of the Company is required in connection
      with
      the offer, sale or issuance of the Shares, except for the following: (i) the
      filing of such notices as may be required under the Securities Act and (ii)
      the
      compliance with any applicable state securities laws, which compliance will
      have
      occurred within the appropriate time periods therefor.

    
      
        
        

      

      
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    e. Litigation.
      There
      are no actions, suits, proceedings or investigations pending or, to the best
      of
      the Company’s knowledge, threatened before any court, administrative agency or
      other governmental body against the Company which question the validity of
      this
      Agreement, or the right of the Company to enter into either of them, or to
      consummate the transactions contemplated hereby or thereby, or which would
      reasonably be expected to have a Material Adverse Effect. The Company is not
      a
      party or subject to, and none of its assets is bound by, the provisions of
      any
      order, writ, injunction, judgment or decree of any court or government agency
      or
      instrumentality which would reasonably be expected to have a Material Adverse
      Effect.

    

    f. Compliance
      with Other Instruments.
      The
      Company is not in violation or default of any provision of its Articles of
      Incorporation, each as in effect immediately prior to the Closing, except for
      such failures as would not reasonably be expected to have a Material Adverse
      Effect. The Company is not in violation or default of any provision of any
      material instrument, mortgage, deed of trust, loan, contract, commitment,
      judgment, decree, order or obligation to which it is a party or by which it
      or
      any of its properties or assets are bound which would reasonably be expected
      to
      have a Material Adverse Effect. To the best of its knowledge, the Company is
      not
      in violation or default of any provision of any federal, state or local statute,
      rule or governmental regulation which would reasonably be expected to have
      a
      Material Adverse Effect. The execution, delivery and performance of and
      compliance with this Agreement and the issuance and sale of the Shares, will
      not
      result in any such violation, be in conflict with or constitute, with or without
      the passage of time or giving of notice, a default under any such provision,
      require any consent or waiver under any such provision (other than any consents
      or waivers that have been obtained), or result in the creation of any mortgage,
      pledge, lien, encumbrance or charge upon any of the properties or assets of
      the
      Company pursuant to any such provision.

    

    g. Certain
      Registration Matters.
      Assuming the accuracy of the Subscriber’s representations and warranties set
      forth in this Agreement and the Transaction Documents, and the representations
      and warranties made by all other purchasers of Shares in the Offering, no
      registration under the Securities Act is required for the offer and sale of
      the
      Shares by the Company to the Subscriber hereunder. 

    

    h. No
      General Solicitation.
      Neither
      the Company nor any person acting on behalf of the Company has offered or sold
      any of the Shares by any form of general solicitation or general advertising
      (within the meaning of Regulation D).

    

    4. Representations
      and Warranties of the Subscriber. The Subscriber represents and warrants to
      the
      Company the following: 

     

    a. The
      Subscriber, its advisers, if any, and designated representatives, if any, have
      the knowledge and experience in financial and business matters necessary to
      evaluate the merits and risks of its prospective investment in the Company,
      and
      have carefully reviewed and understand the risks of, and other considerations
      relating to, the purchase of Shares and the tax consequences of the investment,
      and have the ability to bear the economic risks of the investment.

    
      
        
        

      

      
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    b. The
      Subscriber is acquiring the Shares for investment for its own account and not
      with the view to, or for resale in connection with, any distribution thereof.
      The Subscriber understands and acknowledges that the Shares have not been
      registered under the Securities Act or any state securities laws, by reason
      of a
      specific exemption from the registration provisions of the Securities Act and
      applicable state securities laws, which depends upon, among other things, the
      bona fide nature of the investment intent as expressed herein. The Subscriber
      further represents that it does not have any contract, undertaking, agreement
      or
      arrangement with any person to sell, transfer or grant participation to any
      third person with respect to any of the Shares. The Subscriber understands
      and
      acknowledges that the offering of the Shares pursuant to this Agreement will
      not
      be registered under the Securities Act nor under the state securities laws
      on
      the ground that the sale provided for in this Agreement and the issuance of
      securities hereunder is exempt from the registration requirements of the
      Securities Act and any applicable state securities laws.

     

    c. The
      Subscriber understands that no public market now exists, and there never will
      be
      a public market for, the Shares, that an active public market for the Company’s
      Common Stock does not now exist and that there may never be an active public
      market for the shares of Common Stock sold in the Offering.

     

    d. The
      Subscriber, its advisers, if any, and designated representatives, if any, have
      received and reviewed information about the Company and have had an opportunity
      to discuss the Company’s business, management and financial affairs with its
      management. The Subscriber understands that such discussions, as well as any
      written information provided by the Company, were intended to describe the
      aspects of the Company’s business and prospects which the Company believes to be
      material, but were not necessarily a thorough or exhaustive description, and
      except as expressly set forth in this Agreement, the Company makes no
      representation or warranty with respect to the completeness of such information
      and makes no representation or warranty of any kind with respect to any
      information provided by any entity other than the Company. Some of such
      information includes projections as to the future performance of the Company,
      which projections may not be realized, are based on assumptions which may not
      be
      correct and are subject to numerous factors beyond the Company’s
      control.

     

    e. As
      of the
      Closing, all action on the part of Subscriber, and its officers, directors
      and
      partners, if applicable, necessary for the authorization, execution and delivery
      of this Agreement and the performance of all obligations of the Subscriber
      hereunder and thereunder shall have been taken, and this Agreement, assuming
      due
      execution by the parties hereto and thereto, constitute valid and legally
      binding obligations of the Subscriber, enforceable in accordance with their
      respective terms, subject to: (i) judicial principles limiting the availability
      of specific performance, injunctive relief, and other equitable remedies and
      (ii) bankruptcy, insolvency, reorganization, moratorium or other similar laws
      now or hereafter in effect generally relating to or affecting creditors’ rights.

    
      
        
        

      

      
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    f. The
      Subscriber either (i) is an “accredited investor” as defined in Rule 501 of
      Regulation D as promulgated by the Securities and Exchange Commission under
      the
      Securities Act or (ii) is not a “U.S. Person” as defined in Regulation S as
      promulgated by the Securities and Exchange Commission under the Securities
      Act,
      and, in each case, shall submit to the Company such further assurances of such
      status as may be reasonably requested by the Company.

     

    g. The
      Subscriber, if a non-U.S. Person, agrees that it is acquiring the Shares in
      an
      offshore transaction pursuant to Regulation S and hereby represents to the
      Company as follows:

     

    (i) The
      Subscriber is outside the United States when receiving and executing this
      Subscription Agreement; 

     

    (ii) The
      Subscriber has not acquired the Shares as a result of, and will not itself
      engage in, any “directed selling efforts” (as defined in Regulation S) in the
      United States in respect of the Shares which would include any activities
      undertaken for the purpose of, or that could reasonably be expected to have
      the
      effect of, conditioning the market in the United States for the resale of the
      Shares; provided, however, that the Subscriber may sell or otherwise dispose
      of
      the Shares pursuant to registration of the Shares under the Securities Act
      and
      any applicable state and provincial securities laws or under an exemption from
      such registration requirements and as otherwise provided herein;

     

    (iii) The
      Subscriber understands and agrees that offers and sales of any of the Shares
      prior to the expiration of a period of one year after the date of transfer
      of
      the Shares under this Subscription Agreement (the “Distribution
      Compliance Period”),
      shall
      only be made in compliance with the safe harbor provisions set forth in
      Regulation S, pursuant to the registration provisions of the Securities Act
      or
      an exemption therefrom, and that all offers and sales after the Distribution
      Compliance Period shall be made only in compliance with the registration
      provisions of the Securities Act or an exemption therefrom, and in each case
      only in accordance with all applicable securities laws;

     

    (iv) The
      Subscriber understands and agrees not to engage in any hedging transactions
      involving the Shares prior to the end of the Distribution Compliance Period
      unless such transactions are in compliance with the Securities Act;
      and

     

    (v) The
      Subscriber hereby represents that it has satisfied itself as to the full
      observance of the laws of its jurisdiction in connection with any invitation
      to
      subscribe for the Shares or any use of this Subscription Agreement, including:
      (a) the legal requirements within its jurisdiction for the purchase of the
      Shares; (b) any foreign exchange restrictions applicable to such purchase;
      (c)
      any governmental or other consents that may need to be obtained; and (d) the
      income tax and other tax consequences, if any, that may be relevant to the
      purchase, holding, redemption, sale or transfer of the Shares. Such Subscriber’s
      subscription and payment for, and its continued beneficial ownership of the
      Shares, will not violate any applicable securities or other laws of the
      Subscriber’s jurisdiction.

     

    h. The
      Subscriber or its duly authorized representative realizes that because of the
      inherently speculative nature of investments of the kind contemplated by the
      Company, the Company’s investment results may be expected to fluctuate from
      month to month and from period to period and will, generally, involve a high
      degree of financial and market risk that can result in substantial or, at times,
      even total losses. 

    
      
        
        

      

      
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    i. The
      Subscriber has adequate means of providing for its current and anticipated
      financial needs and contingencies, is able to bear the economic risk for an
      indefinite period of time and has no need for liquidity of the investment in
      the
      Shares and could afford complete loss of such investment. 

     

    j. The
      Subscriber is not subscribing for Shares as a result of or subsequent to any
      advertisement, article, notice or other communication, published in any
      newspaper, magazine or similar media or broadcast over television, radio, or
      the
      internet, or presented at any seminar or meeting, or any solicitation of a
      subscription by a person not previously known to the Subscriber in connection
      with investments in securities generally. 

     

    k. All
      of
      the information that the Subscriber has heretofore furnished or which is set
      forth herein is correct and complete as of the date of this Agreement, and,
      if
      there should be any material change in such information prior to the admission
      of the undersigned to the Company, the Subscriber will immediately furnish
      revised or corrected information to the Company. 

     

    5. “Piggyback”
      Registration Rights.

     

    Piggyback
      Registration.
      If the
      Company shall determine to register for sale for cash any of its Common Stock,
      for its own account or for the account of others (other than the Subscriber),
      other than (i) a registration relating solely to employee benefit plans or
      securities issued or issuable to employees, consultants (to the extent the
      securities owned or to be owned by such consultants could be registered on
      Form
      S-8) or any of their family members (including a registration on Form S-8)
      or
      (ii) a registration relating solely to a Securities Act Rule 145 transaction
      or
      a registration on Form S-4 in connection with a merger, acquisition,
      divestiture, reorganization or similar event, the Company shall promptly give
      to
      the Subscriber written notice thereof (and in no event shall such notice be
      given less than 20 calendar days prior to the filing of such registration
      statement), and shall include as a piggyback registration (the “Piggyback
      Registration”)
      all of
      the Shares specified in a written request delivered by the Subscriber to the
      Company within 10 calendar days after receipt of such written notice from the
      Company. However, the Company may, without the consent of the Subscriber,
      withdraw such registration statement prior to its becoming effective if the
      Company or such other stockholders have elected to abandon the proposal to
      register the securities proposed to be registered thereby.

     

    Underwriting.
      If a
      Piggyback Registration is for a registered public offering that is to be made
      by
      an underwriting, the Company shall so advise the Subscriber of the Shares
      eligible for inclusion in such registration statement pursuant to Section 5(a).
      In that event, the right of any Holder to Piggyback Registration shall be
      conditioned upon such Holder’s participation in such underwriting and the
      inclusion of such Holder’s Shares in the underwriting to the extent provided
      herein. The Subscriber proposing to sell any of his Shares through such
      underwriting shall (together with the Company and any other stockholders of
      the
      Company selling their securities through such underwriting) enter into an
      underwriting agreement in customary form with the underwriter selected for
      such
      underwriting by the Company or the selling stockholders, as applicable.
      Notwithstanding any other provision of this Section, if the underwriter or
      the
      Company determines that marketing factors require a limitation on the number
      of
      shares of Common Stock or the amount of other securities to be underwritten,
      the
      underwriter may exclude some or all Shares from such registration and
      underwriting. The Company shall so advise the Subscriber (unless the Subscriber
      failed to timely elect to include his Shares through such underwriting or has
      indicated to the Company his decision not to do so), and indicate to such
      Subscriber the number of Shares that may be included in the registration and
      underwriting, if any. The number of Shares to be included in such registration
      and underwriting shall be allocated among all of the subscribers in the Offering
      (the “Subscribers”)
      as
      follows:

    
      
        
        

      

      
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    (i) If
      the
      Piggyback Registration was initiated by the Company, the number of shares that
      may be included in the registration and underwriting shall be allocated first
      to
      the Company and then, subject to obligations and commitments existing as of
      the
      date hereof, to all selling stockholders, including the Subscribers, who have
      requested to sell in the registration on a pro rata basis according to the
      number of shares requested to be included therein; and

     

    (ii) If
      the
      Piggyback Registration was initiated by the exercise of demand registration
      rights by a stockholder or stockholders of the Company (other than the any
      of
      the Subscribers), then the number of shares that may be included in the
      registration and underwriting shall be allocated first to such selling
      stockholders who exercised such demand and then, subject to obligations and
      commitments existing as of the date hereof, to all other selling stockholders,
      including the Subscribers, who have requested to sell in the registration on
      a
      pro rata basis according to the number of shares requested to be included
      therein.

     

    

    No
      Shares
      excluded from the underwriting by reason of the underwriter’s marketing
      limitation shall be included in such registration. If the Subscriber disapproves
      of the terms of any such underwriting, the Subscriber may elect to withdraw
      such
      Subscriber’s Shares therefrom by delivering a written notice to the Company and
      the underwriter. The Shares so withdrawn from such underwriting shall also
      be
      withdrawn from such registration; provided,
      however,
      that,
      if by the withdrawal of such Shares, a greater number of Shares held by other
      Subscribers may be included in such registration (up to the maximum of any
      limitation imposed by the underwriters), then the Company shall offer to all
      Subscribers who have included Shares in the registration the right to include
      additional Shares pursuant to the terms and limitations set forth herein in
      the
      same proportion used above in determining the underwriter limitation.

     

    6. Transfer
      Restrictions. The Subscriber acknowledges and agrees as follows: 

     

    a. The
      Shares have not been registered for sale under the Securities Act, in reliance
      on the private offering exemption in Section 4(2) thereof; the Company does
      not
      intend to register the Shares under the Securities Act at any time in the
      future; and the undersigned will not be entitled to the benefits of Rule 144
      with respect to the Shares, the shares of Common Stock and the
      Warrant.

     

    b. The
      Subscriber understands that the certificates representing the Shares, until
      such
      time as they have been registered under the Securities Act, shall bear a
      restrictive legend in substantially the following form (and a stop-transfer
      order may be placed against transfer of such certificates or other
      instruments):

    
      
        
        

      

      
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    For
      U.S.
      Persons:

     

    THESE
      SECURITIES HAVE BEEN ISSUED PURSUANT TO THE SECTION 4(2) EXEMPTION TO THE
      REGISTRATION PROVISIONS UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THESE
      SECURITIES CANNOT BE TRANSFERRED, OFFERED, OR SOLD UNLESS THE SECURITIES ARE
      REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE.

    

    For
      Non-U.S. Persons:

     

    THESE
      SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S.
      PERSONS (AS DEFINED in regulation s) PURSUANT TO REGULATION S UNDER THE UNITED
      STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF
      THE SECURITIES TO WHICH THIS CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER
      THE
      1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE
      MAY
      BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S.
      PERSONS EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT
      TO AN
      EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
      STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE
      SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933
      ACT.

     

    The
      legend(s) set forth above shall be removed and the Company shall issue a
      certificate without such legend to the holder of the Shares upon which it is
      stamped, if (a) such Shares are being sold pursuant to a registration
      statement under the Securities Act, or (b) such holder delivers to the
      Company an opinion of counsel, in a reasonably acceptable form, to the Company
      that a disposition of the Shares is being made pursuant to an exemption from
      such registration.

     

    c. No
      governmental agency has passed upon the Shares or made any finding or
      determination as to the wisdom of any investments therein. 

     

    d. There
      are
      substantial restrictions on the transferability of the shares of Common Stock,
      and if the Company decides to issue certificates representing the shares of
      Common Stock, restrictive legends will be placed on any such certificates.
      

    

    7. Indemnification.
      The Subscriber agrees to indemnify and hold harmless the Company and its
      respective officers, directors, employees, agents, control persons and
      affiliates from and against all losses, liabilities, claims, damages, costs,
      fees and expenses whatsoever (including, but not limited to, any and all
      expenses incurred in investigating, preparing or defending against any
      litigation commenced or threatened) based upon or arising out of any actual
      or
      alleged false acknowledgment, representation or warranty, or misrepresentation
      or omission to state a material fact, or breach by the Subscriber of any
      covenant or agreement made by the Subscriber herein or in any other document
      delivered in connection with this Agreement.

    
      
        
        

      

      
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    8. Irrevocability;
      Binding Effect. The Subscriber hereby acknowledges and agrees that the
      subscription hereunder is irrevocable by the Subscriber, except as required
      by
      applicable law, and that this Agreement shall survive the death or disability
      of
      the Subscriber and shall be binding upon and inure to the benefit of the parties
      and their heirs, executors, administrators, successors, legal representatives
      and permitted assigns. If the Subscriber is more than one person, the
      obligations of the Subscriber hereunder shall be joint and several and the
      agreements, representations, warranties and acknowledgments herein shall be
      deemed to be made by and be binding upon each such person and such person’s
      heirs, executors, administrators, successors, legal representatives and
      permitted assigns.

    

    9. Modification.
      This Agreement shall not be modified or waived except by an instrument in
      writing signed by the party against whom any such modification or waiver is
      sought. 

     

    10. Notices.
      Any notice or other communication required or permitted to be given hereunder
      shall be in writing and shall be mailed by certified mail, return receipt
      requested, or delivered against receipt to the party to whom it is to be given
      (a) if to the Company, at the address set forth above, or (b) if to the
      Subscriber, at the address set forth on the signature page hereof (or, in either
      case, to such other address as the party shall have furnished in writing in
      accordance with the provisions of this Section 10). Any notice or other
      communication given by certified mail shall be deemed given at the time of
      certification thereof, except for a notice changing a party’s address which
      shall be deemed given at the time of receipt thereof.

    

    11. Assignability.
      This Agreement and the rights, interests and obligations hereunder are not
      transferable or assignable by the Subscriber and the transfer or assignment
      of
      the Shares shall be made only in accordance with all applicable
      laws.

     

    12. Applicable
      Law. This Agreement shall be governed by and construed in accordance with the
      laws of the State of New York, without reference to the principles thereof
      relating to the conflict of laws.

     

    13. Arbitration.
      The parties agree to submit all controversies to arbitration in accordance
      with
      the provisions set forth below and understand that:

    

    (a) Arbitration
      is final and binding on the parties.

    

    (b) The
      parties are waiving their right to seek remedies in court, including the right
      to a jury trial.

    

    (c) Pre-arbitration
      discovery is generally more limited and different from court
      proceedings.

    

    (d) The
      arbitrator’s award is not required to include factual findings or legal
      reasoning and any party’s right to appeal or to seek modification of rulings by
      arbitrators is strictly limited.

    

    (e) The
      panel
      of arbitrators will typically include a minority of arbitrators who were or
      are
      affiliated with the securities industry.

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    (f) All
      controversies which may arise between the parties concerning this Agreement
      shall be determined by arbitration pursuant to the rules then pertaining to
      the
      Financial Industry Regulatory Authority in New York City, New York. Judgment
      on
      any award of any such arbitration may be entered in the Supreme Court of the
      State of New York or in any other court having jurisdiction of the person or
      persons against whom such award is rendered. Any notice of such arbitration
      or
      for the confirmation of any award in any arbitration shall be sufficient if
      given in accordance with the provisions of this Agreement. The parties agree
      that the determination of the arbitrators shall be binding and conclusive upon
      them.

    

    14. Blue
      Sky
      Qualification. The purchase of Shares under this Agreement is expressly
      conditioned upon the exemption from qualification of the offer and sale of
      the
      Shares from applicable federal and state securities laws. The Company shall
      not
      be required to qualify this transaction under the securities laws of any
      jurisdiction and, should qualification be necessary, the Company shall be
      released from any and all obligations to maintain its offer, and may rescind
      any
      sale contracted, in the jurisdiction.

    

    15. Use
      of
      Pronouns. All pronouns and any variations thereof used herein shall be deemed
      to
      refer to the masculine, feminine, neuter, singular or plural as the identity
      of
      the person or persons referred to may require.

    

    16. Confidentiality.
      The Subscriber acknowledges and agrees that any information or data the
      Subscriber has acquired from or about the Company, not otherwise properly in
      the
      public domain, including, without limitation, the business summary of the
      Company, was received in confidence. The Subscriber agrees not to divulge,
      communicate or disclose, except as may be required by law or for the performance
      of this Agreement, or use to the detriment of the Company or for the benefit
      of
      any other person, or misuse in any way, any confidential information of the
      Company, including any scientific, technical, trade or business secrets of
      the
      Company and any scientific, technical, trade or business materials that are
      treated by the Company as confidential or proprietary, including, but not
      limited to, ideas, discoveries, inventions, developments and improvements
      belonging to the Company and confidential information obtained by or given
      to
      the Company about or belonging to third parties.

    

    17. Miscellaneous.

    

    (a) This
      Agreement constitutes the entire agreement between the Subscriber and the
      Company with respect to the subject matter hereof and supersedes all prior
      oral
      or written agreements and understandings, if any, relating to the subject matter
      hereof. The terms and provisions of this Agreement may be waived, or consent
      for
      the departure therefrom granted, only by a written document executed by the
      party entitled to the benefits of such terms or provisions.

    

    (b) The
      representations and warranties of the Company and the Subscriber made in this
      Agreement shall survive the execution and delivery hereof and delivery of the
      Shares.

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    (c) Each
      of
      the parties hereto shall pay its own fees and expenses (including the fees
      of
      any attorneys, accountants, appraisers or others engaged by such party) in
      connection with this Agreement and the transactions contemplated hereby, whether
      or not the transactions contemplated hereby are consummated.

    

    (d) This
      Agreement may be executed in one or more original
      or facsimile counterparts,
      each of
      which shall be deemed an original, but all of which shall together constitute
      one and the same instrument.

    

    (e) Each
      provision of this Agreement shall be considered separable and, if for any reason
      any provision or provisions hereof are determined to be invalid or contrary
      to
      applicable law, such invalidity or illegality shall not impair the operation
      of
      or affect the remaining portions of this Agreement.

    

    (f) Paragraph
      titles are for descriptive purposes only and shall not control or alter the
      meaning of this Agreement as set forth in the text.

    

    (g) The
      Subscriber understands and acknowledges that there may be multiple Closings
      for
      the Offering. 

    

    (h) The
      Subscriber hereby agrees to furnish the Company such other information as the
      Company may request prior to the Closing with respect to its subscription
      hereunder. 

     

    18. Public
      Disclosure. Neither the Subscriber nor any officer, manager, director, member,
      partner, stockholder, employee, affiliate, affiliated person or entity of the
      Subscriber shall make or issue any press releases or otherwise make any public
      statements or make any disclosures to any third person or entity with respect
      to
      the transactions contemplated herein and will not make or issue any press
      releases or otherwise make any public statements of any nature whatsoever with
      respect to the Company without the Company’s express prior approval. The Company
      has the right to withhold such approval in its sole discretion.

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    How
      to subscribe for Shares in the private offering of

    Loreto
      Resources Corporation:

    

    
      	1.	
              Date
                and Fill
                in
                the number of Shares being purchased and Complete
                and Sign
                the Signature Page.

            

    

    

    
      	2.	
              Initial
                the
                Investor Certification page.

            

    

    

    
      	3.	
              Fax or
                email
                all forms and then send all signed original documents,
                along with a check or wire transfer representing the exact dollar
                amount
                of the number of Shares for subscription,
                to:

            

    

    

    Gottbetter
      & Partners, LLP

    488
      Madison Avenue, 12th Floor

    New
      York,
      NY 10022

    Facsimile
      Number: (212) 400-6901

    Telephone
      Number: (212) 400-6900

    Attn:
      Rachel L. DeGenaro

    E-mail
      Address: rlg@gottbetter.com

    

    
      	4.	
              Any
                check for the subscription of Shares should be made payable to the
                order
                of “Gottbetter
                & Partners, LLP, Trustee for LORETO RESOURCES
                CORPORATION”.

            

    

    

    
      	5.	
              If
                the funds are being sent by wire transfer to the escrow account,
                please
                see the
                following
                instructions:

            

    

    

    
      	
              Bank:

            	
              Citibank,
                N.A. 

              330
                Madison Avenue, New York, New York

            
	 	 
	
              ABA
                Routing #:

            	
              021000089

            
	 	 
	
              Swift
                Code:

            	
              CITIUS33

            
	 	 
	
              Beneficiary:

            	
              Gottbetter
                & Partners, LLP, Attorney Trust Account

            
	 	 
	
              Account
                #:

            	
              49061322

            
	 	 
	
              Reference:

            	
              “Loreto
                Resources Corporation – [insert Subscriber’s
                name]”

            

    

     

    Gottbetter
      & Partners Accounting Contact: 

    Vincent
      DiPaola; telephone: (212) 400-6900; e-mail: vdp@gottbetter.com.

     

    Thank
      you
      for your interest,

     

    Loreto
      Resources Corporation

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    LORETO
      RESOURCES COPORATION

    SIGNATURE
      PAGE TO

    SUBSCRIPTION
      AGREEMENT 

    

    IN
      WITNESS WHEREOF, the Subscriber hereby executes this Subscription
      Agreement.

     

    
      	
              Dated:
                ______________________, 2008

            	 	 	 
	 	 	 	 
	 	 	 	 
	
              SUBSCRIBER
                (individual)

            	 	 	
              SUBSCRIBER
                (entity)

            
	 	 	 	 
	 	 	 	 
	
              Signature

            	 	 	
              Name
                of Entity

            
	 	 	 	 
	 	 	 	 
	
              Print
                Name

            	 	 	
              Signature

            
	 	 	 	 
	 	 	 	
              Print Name: 

            	  

	
              Signature
                (if Joint Tenants or Tenants in Common)

            	 	 
	 	 	 	
              Title:
                

            	   

	 	 	 	 
	
              Address
                of Principal Residence:

            	 	 	
              Address
                of Executive Offices:

            
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	
              Social
                Security Number(s):

            	 	 	
              IRS
                Tax Identification Number: 

            
	 	 	 	 
	 	 	 	 
	
              Telephone
                Number:

            	 	 	
              Telephone
                Number: 

            
	 	 	 	 
	 	 	 	 
	
              Facsimile
                Number:

            	 	 	
              Facsimile
                Number: 

            
	 	 	 	 
	 	 	 	 
	
              E-mail
                Address:

            	 	 	
              E-mail
                Address: 

            
	 	 	 	 

    

    

    
      	 	
              X

            	
              $1.00

            	
              =

            	
              $_______________________
                

            
	
              Number
                of Shares

            	 	
              Price
                per Share

            	 	
              Purchase
                Price

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    LORETO
      RESOURCES CORPORATION

     

    IN
      WITNESS WHEREOF, the Company has duly executed this Subscription
      Agreement.

     

    
      	 	
              LORETO
                RESOURCES CORPORATION

            
	 	 
	 	
              By:

            	     

	 	
              Name:

            
	 	
              Title:  Chief
                Executive Officer

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    LORETO
      RESOURCES CORPORATION

    INVESTOR
      CERTIFICATION

     

    For
      Individual Accredited Investors Only

     

    (all
      Individual Accredited Investors must INITIAL
      where appropriate):

    

    
      	
              Initial
                _______

            	
              I
                have a net worth (including home, furnishings and automobiles) in
                excess
                of $1,000,000 either individually or through aggregating my individual
                holdings and those in which I have a joint, community property or
                other
                similar shared ownership interest with my spouse.

            
	
              Initial
                _______

            	
              I
                have had an annual gross income for the past two years of at least
                $200,000 (or $300,000 jointly with my spouse) and expect my income
                (or
                joint income, as appropriate) to reach the same level in the current
                year.

            

    

    

    For
      Non-Individual Accredited Investors

    (all
      Non-Individual Accredited Investors
      must INITIAL
      where appropriate):

    

    
      	
              Initial
                _______

            	
              The
                investor certifies that it is a partnership, corporation, limited
                liability company or business trust that is 100% owned by persons
                who meet
                at least one of the criteria for Individual Investors set forth above.
                

            
	
              Initial
                _______

            	
              The
                investor certifies that it is a partnership, corporation, limited
                liability company or business trust that has total assets of at least
                $5
                million and was not formed for the purpose of investing in the
                Company.

            
	
              Initial
                _______

            	
              The
                investor certifies that it is an employee benefit plan whose investment
                decision is made by a plan fiduciary (as defined in ERISA §3(21)) that is
                a bank, savings and loan association, insurance company or registered
                investment adviser.

            
	
              Initial
                _______

            	
              The
                investor certifies that it is an employee benefit plan whose total
                assets
                exceed $5,000,000 as of the date of this Agreement.

            
	
              Initial
                _______

            	
              The
                undersigned certifies that it is a self-directed employee benefit
                plan
                whose investment decisions are made solely by persons who meet either
                of
                the criteria for Individual Investors.

            
	
              Initial
                _______

            	
              The
                investor certifies that it is a U.S. bank, U.S. savings and loan
                association or other similar U.S. institution acting in its individual
                or
                fiduciary capacity.

            
	
              Initial
                _______

            	
              The
                undersigned certifies that it is a broker-dealer registered pursuant
                to
                §15 of the Securities Exchange Act of 1934.

            
	
              Initial
                _______

            	
              The
                investor certifies that it is an organization described in §501(c)(3) of
                the Internal Revenue Code with total assets exceeding $5,000,000
                and not
                formed for the specific purpose of investing in the
                Company.

            
	
              Initial
                _______

            	
              The
                investor certifies that it is a trust with total assets of at least
                $5,000,000, not formed for the specific purpose of investing in the
                Company, and whose purchase is directed by a person with such knowledge
                and experience in financial and business matters that he is capable
                of
                evaluating the merits and risks of the prospective
                investment.

            
	
              Initial
                _______

            	
              The
                investor certifies that it is a plan established and maintained by
                a state
                or its political subdivisions, or any agency or instrumentality thereof,
                for the benefit of its employees, and which has total assets in excess
                of
                $5,000,000.

            
	
              Initial
                _______

            	
              The
                investor certifies that it is an insurance company as defined in
§2(13) of
                the Securities Act, or a registered investment
                company.

            

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    For
      Non-U.S. Person Investors

    (all
      Investors who are not a U.S. Person must
      INITIAL
      this section):

    

    
      	
              Initial
                _______

            	
              The
                Investor is not a “U.S. Person” as defined in Regulation S; and
                specifically the Purchaser is not:

            

    

    

    
      	
            	A.	
              a
                natural person resident in the United States of America, including
                its
                territories and possessions (“United
                States”);

            

    

    
      	
            	B.	
              a
                partnership or corporation organized or incorporated under the laws
                of the
                United States;

            

    

    
      	
            	C.	
              an
                estate of which any executor or administrator is a U.S.
                Person;

            

    

    
      	
            	D.	
              a
                trust of which any trustee is a U.S.
                Person;

            

    

    
      	
            	E.	
              an
                agency or branch of a foreign entity located in the United
                States;

            

    

    
      	
            	F.	
              a
                non-discretionary account or similar account (other than an estate
                or
                trust) held by a dealer or other fiduciary for the benefit or account
                of a
                U.S. Person;

            

    

    
      	
            	G.	
              a
                discretionary account or similar account (other than an estate or
                trust)
                held by a dealer or other fiduciary organized, incorporated, or (if
                an
                individual) resident in the United States;
                or

            

    

    
      	
            	H.	
              a
                partnership or corporation: (i) organized or incorporated under the
                laws
                of any foreign jurisdiction; and (ii) formed by a U.S. Person principally
                for the purpose of investing in securities not registered under the
                Securities Act, unless it is organized or incorporated, and owned,
                by
                accredited investors (as defined in Rule 501(a) under the Act) who
                are not
                natural persons, estates or trusts.

            

    

    

    And,
      in
      addition:

    

    
      	
            	I.	
              the
                Purchaser was not offered the Units in the United
                States;

            

    

    
      	
            	J.	
              at
                the time the buy-order for the Units was originated, the Purchaser
                was
                outside the United States; and

            

    

    
      	
            	K.	
              the
                Purchaser is purchasing the Units for its own account and not on
                behalf of
                any U.S. Person (as defined in Regulation S) and a sale of the Units
                has
                not been pre-arranged with a purchaser in the United
                States.

            

    

     

    
      
        
        

      

      
        2SHARE
      EXCHANGE AGREEMENT 

    

    THIS
      SHARE EXCHANGE AGREEMENT
      (this
“Agreement”)
      is
      made effective as of the 8th day of September, 2008

    

    AMONG:

    

    ROYALTECH
      CORPORATION,
      a
      publicly held Delaware corporation

    

    (“Royaltech”)

    

    AND:

    

    DENSEN
      EQUIPMENT LTD.,
      a
      privately held British Virgin Islands Corporation 

    

    (“Densen”)

    

    AND: THOSE
      SHAREHOLDERS OF DENSEN LISTED ON SCHEDULE 7

    

    (“Shareholders”)

    

    WHEREAS:

     

    A. Shareholders
      are the holders of all of the issued and outstanding capital stock of
      Densen;

     

    B. Densen
      is
      the parent company and owns 100% interest of Densen Machinery Investment Limited
      (“Densen
      HK”),
      a
      privately held Hong Kong Corporation;

     

    C. Royaltech
      and Densen wish to complete a stock exchange transaction whereby the
      Shareholders shall acquire approximately 91.3% ownership of Royaltech after
      Closing (as hereinafter defined); 

     

    D. Royaltech
      agrees to issue shares of its common stock, par value $0.0001 per share to
      the
      Shareholders in consideration for all of the issued and outstanding capital
      stock of Densen;

     

    E. The
      board
      of directors of each of Royaltech and Densen deem it advisable and in the best
      interests of their respective companies and shareholders to complete the RTO;
      

     

    F. The
      boards of directors of each of Royaltech and Densen have approved this Agreement
      and the transactions contemplated hereby; 

     

    G. The
      stockholders of Densen have approved this Agreement and the transactions
      contemplated hereby; and

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    H. Densen
      HK
      owns 97% of Changchun Densen Changtuo Agriculture Machinery Manufacturing Co.
      (“Changchun
      Densen”).

    

    NOW
      THEREFORE THIS AGREEMENT WITNESSES that
      in
      consideration of covenants and agreements set forth herein and other good and
      valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, the parties hereto agree each with the other as
      follows:

     

    1. DEFINITIONS

     

    1.1  Definitions.
      The
      following terms have the following meanings, unless the context indicates
      otherwise:

     

    
      	 	
              (a)

            	
              “Agreement”
                means this Agreement, and all amendments and supplements, if any,
                to this
                Agreement;

            

    

     

    
      	 	
              (b)

            	
              “Applicable
                Securities Legislation”
                means all applicable securities legislation in all jurisdictions
                relevant
                to the Transaction and the issuance of the Royaltech
                Shares;

            

    

     

    
      	 	
              (c)

            	
              “Changchun
                Densen” has
                the meaning ascribed to it in the preamble to this
                Agreement;

            

    

     

    
      	 	
              (d)

            	
              “Closing”
                means the completion of the Transaction, in accordance with Section
                5
                hereof, at which time the Closing Documents will be exchanged by
                the
                parties, except for those documents or other items specifically required
                to be exchanged at a later time;

            

    

     

    
      	 	
              (e)

            	
              “Closing
                Date”
                means the date hereof; 

            

    

     

    
      	 	
              (f)

            	
              “Closing
                Documents”
                means the papers, instruments and documents required to be executed
                and
                delivered at the Closing pursuant to this
                Agreement;

            

    

     

    
      	 	
              (g)

            	
              “Loss”
                means any and all demands, claims, actions or causes of action,
                assessments, losses, damages, liabilities, costs, and expenses, including
                without limitation, interest, penalties, fines and reasonable attorneys,
                accountants and other professional fees and expenses, but excluding
                any
                indirect, consequential or punitive damages suffered by Royaltech,
                Densen
                or the Shareholders including damages for lost profits or lost business
                opportunities;

            

    

     

    
      	 	
              (h)

            	
              “Densen”
                has the meaning ascribed to it in the preamble to this
                Agreement;

            

    

     

    
      	 	
              (i)

            	
              “Densen
                Common Stock”
                has the meaning ascribed to it in Section 3.3;

            

    

     

    
      	 	
              (j)

            	
              “Densen
                Shares”
                means the 50,000 shares of Densen Common Stock held by the Shareholders,
                being all of the issued and outstanding common shares of
                Densen;

            

    

     

    
      	 	
              (k)

            	
              “Liabilities”
                includes, any direct or indirect indebtedness, guaranty, endorsement,
                claim, loss, damage, deficiency, cost, expense, obligation or
                responsibility, fixed or unfixed, known or unknown, asserted choate
                or
                inchoate, liquidated or unliquidated, secured or
                unsecured;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (l)

            	
              “Parties”
                refers to Royaltech, Densen, and the Shareholders,
                collectively;

            

    

     

    
      	 	
              (m)

            	
              “Royaltech”
                has the meaning ascribed to it in the preamble to this
                Agreement;

            

    

     

    
      	 	
              (n)

            	
              “Royaltech
                Shares”
                means up to 16,720,354 fully paid and non-assessable common shares
                of
                Royaltech to be issued to the Shareholders and such other persons
                as
                Densen shall designate on the Closing Date; or such other amount,
                together
                with 400,000 shares of Royaltech Common Stock issued to FirsTrust
                Group
                Inc. under a concurrent private placement, as equals 93.5% of the
                issued
                and outstanding Royaltech Common Stock on a fully diluted basis upon
                Closing;

            

    

     

    
      	 	
              (o)

            	
              “SEC”
                means the United States Securities and Exchange
                Commission;

            

    

     

    
      	 	
              (p)

            	
              “Shareholders”
                has the meaning ascribed to it in the preamble to this
                Agreement;

            

    

     

    
      	 	
              (q)

            	
              “Taxes”
                means any federal, state, local, or foreign income, gross receipts,
                license, payroll, employment, excise, severance, stamp, occupation,
                premium, windfall profits, environmental (including taxes under Internal
                Revenue Code 59A), customs duties, capital stock, franchise, profits,
                withholding, social security (or similar), unemployment, disability,
                real
                property, personal property, sales, use, transfer, registration,
                value
                added, alternative or add-on minimum, estimated, or other tax of
                any kind
                whatsoever, including any interest, penalty, or addition thereto,
                whether
                disputed or not and including any obligations to indemnify or otherwise
                assume or succeed to the Tax liability of any other
                Person;

            

    

     

    
      	 	
              (r)

            	
              “Tax
                Return”
                means any return, declaration, report, claim for refund, or information
                return or statement relating to Taxes, including any schedule or
                attachment thereto, and including any amendment
                thereof;

            

    

     

    
      	 	
              (s)

            	
              “Transaction”
                means the share exchange of the Densen Shares for the Royaltech Shares
                to
                the Shareholders whereby Densen becomes a wholly owned subsidiary
                of
                Royaltech;

            

    

     

    
      	 	
              (t)

            	
              “1933
                Act”
                means the United States Securities Act of 1933, as
                amended;

            

    

     

    
      	 	
              (u)

            	
              “1934
                Act”
                means the United States Securities Exchange Act of 1934, as
                amended;

            

    

     

    
      	 	
              (v)

            	
              “SEC
                Reports”
                means the periodic and current reports filed by Royaltech with the
                SEC
                pursuant to the 1934 Act;

            

    

     

    
      	 	
              (w)

            	
              Schedules.
                The following schedules are attached to and form part of this
                Agreement:

            

    

    

    
      	
              Schedule 1

            	
              -

            	
              Directors
                and Officers of Densen

            
	
              Schedule 2

            	
              -

            	
              Directors
                and Officers of Royaltech 

            
	
              Schedule
                3

            	 	
              Directors
                and Officers of Surviving Corporation

            
	
              Schedule 4

            	
              -

            	
              Royaltech
                Liabilities

            
	
              Schedule 5

            	
              -

            	
              Densen
                Material Contracts and Liabilities

            
	
              Schedule
                6

            	
              -

            	
              Royaltech
                Stockholder Ledger

            
	
              Schedule
                7

            	
              -

            	
              List
                of Shareholders

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    1.2  Currency.
      All
      dollar amounts referred to in this Agreement are in United States funds, unless
      expressly stated otherwise.

     

    2. basic
      transaction 

     

    2.1  Share
      Exchange. On
      and
      subject to the terms and conditions set forth in this Agreement, at the
      Effective Time (as defined below), Royaltech will issue the Royaltech Shares
      to
      the Shareholders, in exchange for the Densen Shares, which represents all of
      the
      issued and outstanding capital stock of Densen. The Royaltech Shares will be
      issued to the Shareholders or their designees in the amounts as the Shareholders
      may dictate.

     

    2.2 Procedure
      for Exchange of Shares. Parties
      hereby acknowledge that prior to the Closing Date, Royaltech has issued a
      treasury order to its transfer agent authorizing and instructing the transfer
      agent to prepare share certificates for the Royaltech Shares to the Shareholders
      in the amounts as Densen shall designate. Parties further agree and acknowledge
      that such share certificates have been placed in escrow pursuant to an escrow
      agreement (the “Escrow Agreement”) among Royaltech, Densen and Ellenoff,
      Grossman & Schole LLP as the escrow agent (the “Escrow Agent”) and that such
      share certificates shall not be released from escrow and delivered to the
      Shareholders until such time when the Escrow Agent receives a joint written
      instruction from Chenxi Shi as a representative of Royaltech and Lau San as
      a
      representative of Densen confirming that the Closing has completed. Despite
      the
      share certificates for the Royaltech Shares having been prepared prior to the
      Closing Date, the Royaltech Shares shall not be considered fully paid and
      non-assessable until the Closing has completed. 

     

    2.3 Exemption
      for Share Issuance. The
      Royaltech Shares shall be issued pursuant to an exemption or exemptions from
      the
      prospectus and registration requirements of the 1933 Act. The Shareholders
      agree
      to abide by all applicable resale restrictions and hold periods imposed by
      Applicable Securities Legislation. All certificates representing the Royaltech
      Shares issued on Closing, when issued, will be endorsed with restrictive legends
      substantially in the same form as the following legend pursuant to the 1933
      Act,
      in order to reflect the fact that these are restricted securities and will
      be
      issued to the Shareholders pursuant to an exemption from the registration
      requirements of the 1933 Act:

     

    “NONE
      OF
      THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED WITH THE SECURITIES
      AND
      EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE, AND WERE ISSUED
      IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF
      1933, AS AMENDED (THE “1933 ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD
      EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT OR
      PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
      THE
      REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE WITH APPLICABLE
      STATE SECURITIES LAWS.”

     

    2.4  Restricted
      Shares.
      Densen
      and the Shareholders acknowledge that the Royaltech Shares issued pursuant
      to
      the terms and conditions set forth in this Agreement will have such hold periods
      as are required under Applicable Securities Legislation and as a result may
      not
      be sold, transferred or otherwise disposed of, except pursuant to an effective
      registration statement under the 1933 Act, or pursuant to an exemption from,
      or
      in a transaction not subject to, the registration requirements of the 1933
      Act
      and in each case only in accordance with all Applicable Securities Legislation.
      Each Shareholder agrees that he has been given an opportunity to seek and obtain
      independent legal advice as to the resale restrictions applicable in their
      jurisdiction of residence, and under U.S. or other Applicable Securities
      Legislation generally. Royaltech has not undertaken, and will have no
      obligation, to register any of the Royaltech Shares under the 1933
      Act.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.5  Shareholders
      Acknowledgement.
      The
      Shareholders acknowledge Royaltech is relying on an exemption from the
      prospectus and registration requirements of the Applicable Securities
      Legislation and the Shareholders may not receive information that would
      otherwise be required to be provided to the Shareholders pursuant to Applicable
      Securities Legislation.

    

    3. REPRESENTATIONS
      AND WARRANTIES OF DENSEN

     

    Except
      as
      set forth in the disclosure schedules to be delivered to Royaltech by Densen,
      and except as disclosed in the Financial Statements for the periods ended June
      30, 2008, and December 31 2007 (“Densen Financial Statements”) Densen represents
      and warrants to Royaltech as follows:

     

    3.1  Organization
      and Good Standing.
      Densen
      is a corporation duly organized, validly existing and in good standing under
      the
      laws of the British Virgin Islands and has the requisite corporate power and
      authority to own, lease and to carry on its business as now being conducted.
      

     

    3.2  Authority.
      Densen
      has all requisite corporate power and authority to execute and deliver this
      Agreement and any other document contemplated by this Agreement (collectively,
      the “Densen
      Documents”)
      to be
      signed by Densen and to perform its obligations hereunder and to consummate
      the
      transactions contemplated hereby. This Agreement has been, and the other Densen
      Documents when executed and delivered by Densen will be, duly executed and
      delivered by Densen and this Agreement is, and the other Densen Documents when
      executed and delivered by Densen as contemplated hereby will be, valid and
      binding obligations of Densen enforceable in accordance with their respective
      terms except:

     

    
      	 	
              (a)

            	
              as
                limited by applicable bankruptcy, insolvency, reorganization, moratorium,
                and other laws of general application affecting enforcement of creditors’
                rights generally;

            

    

     

    
      	 	
              (b)

            	
              as
                limited by laws relating to the availability of specific performance,
                injunctive relief or other equitable remedies;
                and

            

    

     

    
      	 	
              (c)

            	
              as
                limited by public policy.

            

    

     

    3.3  Capitalization
      of Densen. The
      authorized capital stock and other equity securities of Densen consists of
      50,000 shares
      of
      common with a par value of US$1.00 per share (the “Densen
      Common Stock”).
      There
      are 50,000 shares of Densen Common Stock issued and outstanding as of the
      date of this Agreement. There are no agreements to which Densen is a party
      purporting to restrict the transfer of the Densen Common Stock, no voting
      agreements, shareholders’ agreements, voting trusts, or other arrangements
      restricting or affecting the voting of the Densen Common Stock.
      

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    3.4  Shareholders
      of Densen Common Stock.
      The
      Shareholders are the only registered holders of the Densen Shares.

     

    3.5  Directors
      and Officers of Densen.
      The
      duly elected or appointed directors and officers of Densen are as set out in
      Schedule 1 to this Agreement.

     

    3.6  Actions
      and Proceedings.
      To the
      knowledge of Densen, there is no action, suit, judgment, claim, demand or
      proceeding outstanding or pending, or threatened against or affecting Densen,
      which if adversely resolved or determined, would have a material adverse effect
      on the business of Densen taken as a whole (a “Densen
      Material Adverse Effect”).

     

    3.7 Compliance.  

     

    
      	 	
              (a)

            	
              To
                Densen’s knowledge, Densen is in compliance with, is not in default or
                violation in any material respect under, and has not been charged
                with or
                received any notice at any time of any material violation of any
                statute,
                law, ordinance, regulation, rule, decree or other applicable regulation
                to
                the business or operations of
                Densen;

            

    

     

    
      	 	
              (b)

            	
              To
                Densen’s knowledge, Densen is not subject to any judgment, order or decree
                entered in any lawsuit or proceeding applicable to its business and
                operations that would constitute a Densen Material Adverse Effect;
                and

            

    

     

    
      	 	
              (c)

            	
              To
                Densen’s knowledge, Densen and Changchun Densen have operated in material
                compliance with all laws, rules, statutes, ordinances, orders and
                regulations applicable to their respective business. Densen has not
                received any notice of any violation thereof, nor are Densen and
                Changchun
                Densen aware of any valid basis
                therefor.

            

    

     

    3.8 Personal
      Property.
      Densen
      possesses and has good and marketable title of all property necessary for the
      continued operation of the business of Densen and Changchun Densen, as presently
      conducted. All such property is in reasonably good operating condition, ordinary
      wear and tear excepted, and is reasonably fit for the purposes for which such
      property is presently used. All material equipment, furniture, fixtures and
      other tangible personal property and assets owned or leased by Densen are owned
      by Densen free and clear of all liens, security interests, charges,
      encumbrances, and other adverse claims, except as disclosed in Schedule 5
      to this Agreement.

     

    3.9 No
      Other Assets or Liabilities.
      Densen
      owns 100% of issued and outstanding share capital of Densen HK and does not
      own
      any assets or have any liabilities other than 100% issued and outstanding share
      capital of Densen HK, which in turn owns 97% of Changchun Densen, which has
      a
      47.5 % interest in a joint venture called Chang Tuo Agricultural Machinery
      Equipment Group Co., Ltd.

     

    3.10 Financial
      Condition.
      Densen
      has delivered audited financial statements to Royaltech regarding its operations
      for the year ended December 31, 2007 and unaudited financial statements for
      the
      six months ended June 30, 2008, which information is accurate and complete
      in
      all material respects. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4. REPRESENTATIONS
      AND WARRANTIES OF ROYALTECH

     

    Royaltech
      represents and warrants to Densen and the Shareholders as follows:

     

    4.1  Organization
      and Good Standing.
      Royaltech is duly incorporated, organized, validly existing and in good standing
      under the laws of the state of Delaware, and has all requisite corporate power
      and authority to own, lease and to carry on its business as now being conducted.
      

     

    4.2  Authority.
      Royaltech has all requisite corporate power and authority to consummate the
      Transaction and to execute and deliver this Agreement, the Closing Documents
      and
      any other documents contemplated by this Agreement, including, but not limited
      to the Lock-Up Agreement, the Escrow Agreement and the Stock Purchase Agreement
      (collectively, the “Royaltech
      Documents”)
      to be
      signed by each of Royaltech and to perform its obligations hereunder and to
      consummate the transactions contemplated hereby. The execution and delivery
      of
      each of the Royaltech Documents by Royaltech and the consummation by Royaltech
      of the Transaction has been duly authorized by its board of directors and no
      other corporate or stockholder proceedings on the part of Royaltech is necessary
      to authorize such documents or to consummate the Transaction. This Agreement
      has
      been, and the other Royaltech Documents when executed and delivered by Royaltech
      as contemplated by this Agreement will be, duly executed and delivered by
      Royaltech and this Agreement is, and the other Royaltech Documents when executed
      and delivered by Royaltech, as contemplated hereby will be, valid and binding
      obligations of Royaltech, enforceable in accordance with their respective terms,
      except:

     

    
      	 	
              (a)

            	
              as
                limited by applicable bankruptcy, insolvency, reorganization, moratorium,
                and other laws of general application affecting enforcement of creditors’
                rights generally;

            

    

     

    
      	 	
              (b)

            	
              as
                limited by laws relating to the availability of specific performance,
                injunctive relief, or other equitable remedies;
                and

            

    

     

    
      	 	
              (c)

            	
              as
                limited by public policy.

            

    

     

    4.3  No
      Liabilities. Immediately
      prior to Closing, other than the liabilities or obligations as set forth in
      Schedule 4, Royaltech has no debts, contracts, guaranty, standby, indemnity
      or
      hold harmless commitments, liabilities or obligations of any kind, character
      or
      description, whether accrued, absolute, contingent or otherwise, or due or
      to
      become due. Prior to closing, Densen shall have obtained waivers from existing
      creditors, and Messrs. Chenxi Shi and Chun Xu shall, immediately prior to
      Closing, pursuant to that certain Assumption Agreement, entered into as of
      the
      date hereof, assume full responsibility of such liabilities and obligations
      incurred prior to Closing. Simultaneous to Closing, the $150,000 payable to
      Royaltech in connection with the private placement of 400,000 shares of
      Royaltech Common Stock, shall be directed to existing creditors to extinguish
      those debts and liabilities of Royaltech incurred prior to Closing.

     

    4.4 Capitalization
      of Royaltech.
      The
      entire authorized capital stock and other equity securities of Royaltech consist
      of 50,000,000 authorized shares of common stock with a par value of $0.0001
      (the “Royaltech
      Common Stock”).
      As of
      the date of this Agreement, there are 1,190,185 shares of Royaltech Common
      Stock
      issued and outstanding. Royaltech will have issued and outstanding no more
      than
      18,310,539 shares
      of
      Royaltech Common Stock immediately after the issuance of 400,000 shares of
      Royaltech Common Stock issued to FirsTrust Group Inc. under a concurrent private
      placement and the Royaltech Shares as contemplated by this Agreement. Neither
      Royaltech nor any of its representatives have received any formal or informal
      notification from FINRA or other official party or representative that that
      Royaltech Common Stock is not authorized (with or without the passage of time)
      for continued trading on the OTC Bulletin Board. A complete list of all persons
      or entities holding Royaltech Common Stock as shown on the stockholder records
      of Royaltech as at August 15, 2008 is set forth in Schedule 6. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.5 Royaltech
      Securities.
      That
      all of the issued and outstanding shares of Royaltech Common Stock has been
      duly
      authorized, are validly issued, were not issued in violation of any pre-emptive
      rights and are fully paid and non-assessable, are not subject to pre-emptive
      rights and were issued in full compliance with all federal, state, and local
      laws, rules and regulations. Other than the share issuances contemplated by
      this
      Agreement, there are, and as of the Closing Date there will be no outstanding
      options, warrants, subscriptions, phantom shares, conversion rights, or other
      rights, agreements, or commitments obligating Royaltech to issue any additional
      shares of Royaltech Common Stock, or any other securities convertible into,
      exchangeable for, or evidencing the right to subscribe for or acquire from
      Royaltech any shares of Royaltech Common Stock as of the date of this Agreement.
      There are no agreements purporting to restrict the transfer of the Royaltech
      Common Stock, no voting agreements, voting trusts, or other arrangements
      restricting or affecting the voting of the Royaltech Common Stock.

     

    4.6  Directors
      and Officers.
      The duly
      elected or appointed directors and the duly appointed officers of Royaltech
      are
      as listed on Schedule 2 to this Agreement.

     

    4.7  Corporate
      Records.
      The
      corporate records of Royaltech, as required to be maintained by Royaltech
      pursuant to the Delaware General Corporation Law, is accurate, complete and
      current in all material respects, and the minute book of Royaltech is, correct
      and contain all material records required by the laws of the State of Delaware
      with regard to all proceedings, consents, actions and meetings of the
      stockholders and the board of directors of Royaltech.

     

    4.8  Non-Contravention.
      Neither
      the execution, delivery and performance of this Agreement, nor the consummation
      of this Transaction will:

     

    
      	 	
              (a)

            	
              conflict
                with, result in a violation of, cause a default under (with or without
                notice, lapse of time or both) or give rise to a right of termination,
                amendment, cancellation or acceleration of any obligation contained
                in or
                the loss of any material benefit under, or result in the creation
                of any
                lien, security interest, charge or encumbrance upon any of the material
                properties or assets of Royaltech under any term, condition or provision
                of any loan or credit agreement, note, debenture, bond, mortgage,
                indenture, lease or other agreement, instrument, permit, license,
                judgment, order, decree, statute, law, ordinance, rule or regulation
                applicable to Royaltech or any of its material property or
                assets;

            

    

     

    
      	 	
              (b)

            	
              violate
                any provision of the applicable incorporation or charter documents
                of
                Royaltech; or

            

    

     

    
      	 	
              (c)

            	
              violate
                any order, writ, injunction, decree, statute, rule, or regulation
                of any
                court or governmental or regulatory authority applicable to Royaltech
                or
                any of its material property or
                assets.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.9  Validity
      of Royaltech Shares. The
      Royaltech Shares to be issued to the Shareholders upon consummation of the
      Transaction will, upon issuance and delivery from escrow to the Shareholders,
      be
      duly and validly authorized and duly and validly issued, fully paid and
      non-assessable, were not issued in violation of pre-emptive rights, are not
      subject to pre-emptive rights, and were issued in full compliance with all
      federal, state and local laws, rules and regulations. 

     

    4.10 Actions
      and Proceedings. There
      is
      no claim, charge, arbitration, grievance, action, suit, investigation or
      proceeding by or before any court, arbiter, administrative agency or other
      governmental authority now pending or threatened against Royaltech which
      involves any of the business, or the properties or assets of Royaltech that,
      if
      adversely resolved or determined, would have a material adverse effect on the
      business, operations, assets, properties, prospects or conditions of Royaltech
      taken as a whole (a “Royaltech
      Material Adverse Effect”).
      There
      is no reasonable basis for any claim or action that, based upon the likelihood
      of its being asserted and its success if asserted, would have such a Royaltech
      Material Adverse Effect.

     

    4.11 Compliance.  

     

    
      	 	
              (a)

            	
              Royaltech
                is in compliance with, is not in default or violation in any material
                respect under, and has not been charged with or received any notice
                at any
                time of any material violation of, any statute, law, ordinance,
                regulation, rule, decree or other applicable regulation to the business
                or
                operations of Royaltech;

            

    

     

    
      	 	
              (b)

            	
              Royaltech
                is not subject to any judgment, order or decree entered in any lawsuit
                or
                proceeding applicable to its business or operations that would constitute
                a Royaltech Material Adverse
                Effect;

            

    

     

    
      	 	
              (c)

            	
              Royaltech
                has duly filed all reports and returns required to be filed by Royaltech
                with governmental authorities and have obtained all governmental
                permits
                and other governmental consents. All of such permits and consents
                are in
                full force and effect, and no proceedings for the suspension or
                cancellation of any of them, and no investigation relating to any
                of them,
                is pending or, threatened, and none of them will be affected in a
                material
                adverse manner by the consummation of the Transaction;
                and

            

    

     

    
      	 	
              (d)

            	
              Royaltech
                has operated in material compliance with all laws, rules, statutes,
                ordinances, orders and regulations applicable to its business. Royaltech
                has not received any notice of any violation thereof, nor is Royaltech
                aware of any valid basis therefor.

            

    

     

    4.12 Filings,
      Consents and Approvals.
      Royaltech will conduct or obtain any filing, registration, permit or
      authorization from any public or governmental body or authority or other person
      that is necessary for the consummation by Royaltech of the
      Transaction.

     

    4.13 SEC
      Filings.
      Royaltech has furnished or made available to Densen and the Shareholders a
      true
      and complete copy of each report, schedule, registration statement and proxy
      statement filed by Royaltech with the SEC (collectively, and as such documents
      have since the time of their filing been amended, the “Royaltech
      SEC Documents”).
      Royaltech has filed all SEC Reports required by it to be filed with the SEC
      and
      such reports filed in the 12-month period prior to the Closing Date have been
      filed timely or within any period of extension for filing allowed under
      applicable rules. As of their respective dates, the Royaltech SEC Documents
      complied in all material respects with the applicable requirements and
      regulations of the 1933 Act or the 1934 Act, as applicable, and the rules and
      regulations of the SEC thereunder. All filings by Royaltech with the SEC
      contained information which is true and correct in all material respects, and
      did not contain any untrue statement of a material fact or omit to state any
      material fact necessary to make the statements therein not misleading or which
      could have a material adverse effect on Royaltech. Royaltech is in compliance
      in
      all material respects with applicable requirements of the Sarbanes-Oxley Act
      of
      2002 and the regulations adopted thereunder. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.14 Absence
      of Undisclosed Liabilities.
      Immediately prior to Closing, other than the liabilities or obligations as
      set
      forth in Schedule 4, Royaltech has no debts, contracts, guaranty, standby,
      indemnity or hold harmless commitments, liabilities or obligations of any kind,
      character or description, whether accrued, absolute, contingent or otherwise,
      or
      due or to become due. 

     

    4.15 Absence
      of Certain Changes or Events.
      Except
      as and to the extent disclosed in the Royaltech SEC Documents, there has not
      been:

     

    
      	
            	(a)	
              a
                Royaltech Material Adverse Effect;
                or

            

    

     

    
      	 	
              (b)

            	
              any
                material change by Royaltech in its accounting methods, principles
                or
                practices.

            

    

     

    4.16 No
      Subsidiaries.
      Royaltech does not have any subsidiaries or agreements of any nature to acquire
      any subsidiary or to acquire or lease any other business
      operations.

     

    4.17 Personal
      Property. There
      are
      no material equipment, furniture, fixtures and other tangible personal property
      and assets owned or leased by Royaltech, except as disclosed in the Royaltech
      SEC Documents.

     

    4.18 Employees
      and Consultants.
      Royaltech does not have any employees or consultants, except as disclosed in
      the
      Royaltech SEC Documents.

     

    4.19 Material
      Contracts and Transactions.
      There
      are no material contracts, agreements, licenses, permits, arrangements,
      commitments, instruments, understandings or contracts, whether written or oral,
      express or implied, contingent, fixed or otherwise, to which Royaltech is a
      party.

     

    4.20 No
      Brokers. Other
      than as disclosed in Schedule 4, Royaltech
      has not incurred any obligation or liability to any party for any brokerage
      fees, agent’s commissions, or finder’s fees in connection with the Transaction
      contemplated by this Agreement. In the event any person holds Densen or the
      Shareholders liable in connection with any such fees, Royaltech shall indemnify
      Densen and the Shareholders with respect to such claims.

     

    4.21 Certain
      Transactions.
      Royaltech is not a guarantor or indemnitor of any indebtedness of any third
      party, including any person, firm or corporation.

     

    4.22 Completeness
      of Disclosure.
      No
      representation or warranty by Royaltech in this Agreement nor any certificate,
      schedule, statement, document or instrument furnished or to be furnished to
      Densen pursuant hereto contains or will contain any untrue statement of a
      material fact or omits or will omit to state a material fact required to be
      stated herein or therein or necessary to make any statement herein or therein
      not materially misleading.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.23 Tax
      Matters. 

     

    
      	 	
              (a)

            	
              Royaltech
                has filed all Tax Returns required to be filed under applicable laws
                and
                regulations. All such Tax Returns are correct and complete in all
                material
                respects and have been prepared in substantial compliance with all
                applicable laws and regulations. All Taxes due and owing by Royaltech
                (whether or not shown on any Tax Return) have been paid. No claim
                has ever
                been made by an authority in a jurisdiction where Royaltech does
                not file
                Tax Returns that it is or may be subject to taxation by that jurisdiction.
                There are not Liens for Taxes (other than Taxes not yet due and payable)
                upon any of the assets of Royaltech.

            

    

     

    
      	 	
              (b)

            	
              Royaltech
                has withheld and paid all Taxes required to have been withheld and
                paid in
                connection with any amounts paid or owing to any employee, independent
                contractor, creditor, stockholder or other third
                party.

            

    

     

    4.24 SEC
      Comments.
      Royaltech does not have any unresolved comments from the SEC with respect to
      its
      SEC Reports filed with the SEC.  

     

    5. CLOSING
      CONDITIONS

     

    5.1  Conditions
      Precedent to Closing by Royaltech. The
      obligation of Royaltech to consummate the Transaction is subject to the
      satisfaction or waiver of the conditions set forth below on or before the
      Closing Date or such earlier date as hereinafter specified. These conditions
      of
      closing are for the benefit of Royaltech and may be waived by Royaltech in
      its
      sole discretion.

     

    
      	 	
              (a)

            	
              Representations
                and Warranties. The representations and warranties of Densen set
                forth in
                this Agreement will be true, correct and complete in all respects
                as of
                the Closing Date, as though made on and as of the Closing Date (except
                those of which are specifically made as of an earlier date) and Densen
                will have delivered to Royaltech a certificate dated as of the Closing
                Date, to the effect that the representations and warranties made
                by Densen
                in this Agreement are true and
                correct.

            

    

     

    
      	 	
              (b)

            	
              No
                Legal Prohibition.  No Governmental Authority shall have
                enacted, issued, promulgated, enforced or entered any law (whether
                temporary, preliminary or permanent) or order that is then in effect
                and
                has the effect of making the Transactions illegal or otherwise preventing
                or prohibiting consummation of the
                Transactions.

            

    

     

    
      	 	
              (c)

            	
              Performance.
                All of the covenants and obligations that Densen and the Shareholders
                are
                required to perform or to comply with pursuant to this Agreement
                at or
                prior to the Closing must have been performed and complied with in
                all
                material respects.

            

    

     

    
      	 	
              (d)

            	
              Transaction
                Documents. This Agreement, the Densen Documents and all other documents
                necessary or reasonably required to consummate the Transaction, all
                in
                form and substance reasonably satisfactory to Royaltech, will have
                been
                executed and delivered to Royaltech by
                Densen.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (e)

            	
              Exchange
                for Royaltech Shares. Royaltech has received the
                certificates representing the Densen Shares, duly endorsed for transfer
                to
                Royaltech. 

            

    

     

    
      	 	
              (f)

            	
              Officer
                Certificate.  Densen shall have delivered to Royaltech a
                certificate, dated the Closing Date, signed by the chief executive
                officer
                or chief financial officer of the Densen, certifying in such capacity
                as
                to the satisfaction of the conditions in this Section 5.1(a), (c)
                and
                (d)

            

    

     

    
      	 	
              (g)

            	
              Secretary’s
                Certificate. Densen will have delivered to Royaltech a certificate
                from
                the Secretary of Densen attaching:

            

    

     

    
      	 	
              (i)

            	
              a
                copy of Densen’s Memorandum and Articles of Association and all other
                incorporation documents, as amended through the Closing Date;
                and

            

    

     

    
      	 	
              (ii)

            	
              copies
                of resolutions duly adopted by the board of directors of Densen approving
                the execution and delivery of this Agreement and the consummation
                of the
                transactions contemplated herein.

            

    

     

    
      	 	
              (h)

            	
              Third
                Party Consents. Densen will have delivered to Royaltech duly executed
                copies of all third party consents and approvals contemplated by
                this
                Agreement, in form and substance reasonably satisfactory to
                Royaltech.

            

    

     

    
      	 	
              (i)

            	
              Regulatory
                Approvals and Consents. Densen will have obtained all necessary approvals
                and consents to carry out the Transaction, in form and substance
                reasonably satisfactory to
                Royaltech.

            

    

     

    
      	 	
              (j)

            	
              No
                Action. No suit, action, or proceeding will be pending or threatened
                which
                would prevent the consummation of any of the transactions contemplated
                by
                this Agreement.

            

    

     

    
      	 	
              (k)

            	
              Due
                Diligence. As attested by written notice of satisfactory completion
                to
                Densen from Royaltech, Royaltech and its solicitors will be reasonably
                satisfied with their due diligence investigation of Densen that is
                reasonable and customary in a transaction of a similar nature to
                that
                contemplated by the Transaction,
                including:

            

    

     

    
      	 	
              (i)

            	
              materials,
                documents and information in the possession and control of Densen
                or the
                Shareholders that are reasonably germane to the
                Transaction,

            

    

     

    
      	 	
              (ii)

            	
              a
                physical inspection of the assets of Densen by Royaltech or its
                representatives, and,

            

    

     

    
      	 	
              (iii)

            	
              title
                to the material assets of Densen.

            

    

     

    
      	 	
              (l)

            	
              Densen
                will have delivered its financial statements in US GAAP audited to
                December 31, 2007 and reviewed to June 30, 2008.
                

            

    

     

    5.2  Conditions
      Precedent to Closing by Densen and the Shareholders. The
      obligation of Densen and the Shareholders to consummate the Transaction is
      subject to the satisfaction or waiver of the conditions set forth below on
      or
      before the Closing Date or such earlier date as hereinafter specified. These
      conditions precedent are for the benefit of Densen and the Shareholders and
      may
      be waived by Densen and the Shareholders in their sole discretion.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (a)

            	
              Representations
                and Warranties. The representations and warranties of Royaltech set
                forth
                in this Agreement will be true, correct and complete in all respects
                as of
                the Closing Date as though made on and as of the Closing Date (except
                those which are specifically made as of an earlier date) and Royaltech
                will have delivered to Densen a certificate dated the Closing Date,
                to the
                effect that the representations and warranties made by Royaltech
                in this
                Agreement are true and correct.

            

    

     

    
      	 	
              (b)

            	
              No
                Legal Prohibition.  No Governmental Authority shall have
                enacted, issued, promulgated, enforced or entered any law (whether
                temporary, preliminary or permanent) or order that is then in effect
                and
                has the effect of making the Transactions illegal or otherwise preventing
                or prohibiting consummation of the
                Transactions.

            

    

     

    
      	 	
              (c)

            	
              Performance.
                All of the covenants and obligations that Royaltech, Chenxi Shi,
                and Chun
                Xu are required to perform or to comply with pursuant to this Agreement
                at
                or prior to the Closing must have been performed and complied with
                in all
                material respects. Royaltech Chenxi Shi, and Chun Xu must have delivered
                each of the documents required to be delivered by it pursuant to
                this
                Agreement, including without limitation, the Waivers, the Lockup
                Agreement, and the Assumption
                Agreement.

            

    

     

    
      	 	
              (d)

            	
              Share
                Distribution/Cancellation. Prior to the closing of this Agreement,
                Royaltech has disposed of 2,971,500 shares of common stock in Ville
                Mobile
                Technologies Corp., a wholly owned subsidiary of Royaltech.
                

            

    

     

    
      	 	
              (e)

            	
              Lock-Up
                Agreement. Densen and the Shareholders shall have received Lock-Up
                Agreements from the 5% or greater Royaltech Stockholders immediately
                prior
                to the Closing in form and substance reasonably satisfactory to
                Densen.

            

    

     

    
      	 	
              (f)

            	
              Private
                Placement. Royaltech shall have completed a private placement pursuant
                to
                a certain Stock Purchase Agreement with FirsTrust Group Inc. for
                400,000
                shares of common stock in Royaltech for a consideration of $150,000.
                

            

    

     

    
      	 	
              (g)

            	
              Compliance.
                Royaltech is and has been in compliance with its reporting requirements
                under the 1934 Act for the 18 month period prior to the Closing
                Date.

            

    

     

    
      	 	
              (h)

            	
              Transaction
                Documents. This Agreement, the Royaltech Documents and all other
                documents
                necessary or reasonably required to consummate the Transaction, all
                in
                form and substance reasonably satisfactory to Densen, will have been
                executed and delivered to Densen by Royaltech
                .

            

    

     

    
      	 	
              (i)

            	
              Officer
                Certificate.  Royaltech shall have delivered to Densen a
                certificate, dated the Closing Date, signed by the chief executive
                officer
                or chief financial officer, certifying in such capacity as to the
                satisfaction of the conditions in this Section 5.2(a), (c), (d),
                (f), (g),
                (h) (l), (m), (n), (o), and (p).

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (j)

            	
              Secretary’s
                Certificate. Royaltech shall have delivered to Densen a certificate
                from
                Royaltech’s Secretary, in form and substance reasonably satisfactory to
                Densen, and attaching:

            

    

     

    
      	 	
              (i)

            	
              a
                copy of the articles of incorporation, bylaws and all other incorporation
                documents, as amended through the Closing Date,
                and

            

    

     

    
      	 	
              (ii)

            	
              copies
                of resolutions duly adopted by the boards of directors of Royaltech
                and
                approving the execution and delivery of this Agreement and the
                consummation of the transaction contemplated
                herein.

            

    

     

    
      	 	
              (k)

            	
              Densen
                and the Shareholders shall have received an opinion of Royaltech’s
                counsel, in form and substance reasonably satisfactory to Densen
                and the
                Shareholders, addressed to Densen and the Shareholders, and dated
                as of
                the Closing Date.

            

    

     

    
      	 	
              (l)

            	
              No
                Material Adverse Change. No Royaltech Material Adverse Effect will
                have
                occurred since the date of this
                Agreement.

            

    

     

    
      	 	
              (m)

            	
              No
                Action. No suit, action, or proceeding will be pending or threatened
                before any governmental or regulatory authority wherein an unfavorable
                judgment, order, decree, stipulation, injunction or charge would
                prevent
                the consummation of Transaction.

            

    

     

    
      	 	
              (n)

            	
              Outstanding
                Shares. Royaltech will have issued and outstanding no more than 1,190,185
                shares of
                Royaltech Common Stock immediately prior to the
                Closing.

            

    

     

    
      	 	
              (o)

            	
              Regulatory
                Approvals and Consents. Royaltech will have obtained all necessary
                approvals and consents to carry out the Transaction, in form and
                substance
                reasonably satisfactory to Densen.

            

    

     

    
      	 	
              (p)

            	
              Public
                Market. On the Closing Date, the shares of Royaltech Common Stock
                will be
                quoted on the OTC Bulletin Board and no notice of delisting or other
                deficiency shall have been received by
                Royaltech.

            

    

     

    
      	 	
              (q)

            	
              Due
                Diligence. As attested by written notice of satisfactory completion
                to
                Royaltech from Densen, Densen and its accountants will be reasonably
                satisfied with their due diligence investigation and review of the
                Royaltech SEC Documents, and the contents thereof, prepared in accordance
                with the United States generally accepted accounting principles applied
                in
                a manner consistent with prior
                periods.

            

    

     

    
      	 	
              (r)

            	
              Royaltech
                Debts. Other than the debts and obligations as set forth on Schedule
                4,
                Royaltech will have provided evidence that it has satisfied all debts
                on
                its books and accounts payable.

            

    

     

    
      	 	
              (s)

            	
              Waivers.
                Densen shall have obtained valid and enforceable waivers (the “Waivers”)
                against Royaltech executed by each creditor executed with respect
                to the
                debt and obligations set forth on Schedule
                4.

            

    

     

    
      	 	
              (t)

            	
              Bank
                Accounts. Royaltech shall have closed all bank accounts held in its
                name.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.3 Access
      and Investigation.
      Between
      the date of this Agreement and the Closing Date, Royaltech will provide Densen’s
      representative(s):

     

    
      	 	
              (a)

            	
              full
                and free access to its personnel, properties, assets, contracts,
                books and
                records, and other documents and
                data;

            

    

     

    
      	 	
              (b)

            	
              copies
                of all such contracts, books and records, and other existing documents
                and
                data as required by this Agreement and as the other may otherwise
                reasonably request; and,

            

    

     

    
      	 	
              (c)

            	
              such
                additional financial, operating, and other data and information as
                the
                other may reasonably request.

            

    

     

    All
      of
      such access, investigation and communication by Densen’s representative(s) will
      be conducted during normal business hours and in a manner designed not to
      interfere unduly with the normal business operations of the Royaltech. Royaltech
      will instruct its auditors to co-operate with the Densen and its representatives
      in connection with such investigations.

     

    5.4  Confidentiality. 

     

    
      	 	
              (a)

            	
              All
                information regarding the business of Densen including, without
                limitation, financial information of Densen will be kept in strict
                confidence by Royaltech and will not be given to any other person
                or party
                or used (except in connection with due diligence and except as required
                to
                file a news release and 8-K disclosure regarding the transaction
                to the
                public after the execution of this Agreement and following the Closing),
                dealt with, exploited or commercialized by Royaltech or disclosed
                to any
                third party (other than Royaltech’s professional accounting and legal
                advisors) without the prior written consent of Densen. If the Transaction
                does not proceed for any reason, Royaltech will immediately return
                to
                Densen (or as directed by Densen) any information received regarding
                Densen’s business, including copies thereof. Likewise, all information
                regarding the business of Royaltech including, without limitation,
                financial information that Royaltech provides to Densen during its
                due
                diligence investigation of Royaltech will be kept in strict confidence
                by
                Densen and will not be used (except in connection with due diligence),
                dealt with, exploited or commercialized by Densen or disclosed to
                any
                third party (other than Densen’s professional accounting and legal
                advisors) without Royaltech’s prior written consent, unless already public
                disclosed. If the Transaction does not proceed for any reason, then
                upon
                receipt of a written request from Royaltech, Densen will immediately
                return to Royaltech (or as directed by Royaltech) any information
                received
                regarding Royaltech’s business. Each party will provide an affidavit to
                the other that all documents were
                returned.

            

    

     

    
      	 	
              (b)

            	
              Royaltech
                and Densen acknowledge and agree, subject to disclosure obligations
                under
                Applicable Securities Legislation or
                other laws or regulations, that neither party will make any public
                pronouncements concerning the terms of this Agreement without the
                express
                written consent of the other party, such consent not to be unreasonably
                withheld, delayed or conditioned.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (c)

            	
              Densen
                acknowledges and agrees to neither trade nor allow any of its employees
                or
                agents to trade in the securities of Royaltech while in possession
                of
                material information about Royaltech that has not been publicly disclosed.
                

            

    

     

    5.5  Notification.
      Between
      the date of this Agreement and the Closing Date, each of the parties to this
      Agreement will promptly notify the other parties in writing if it becomes aware
      of any fact or condition that causes or constitutes a material breach of any
      of
      its representations and warranties as of the date of this Agreement, if it
      becomes aware of the occurrence after the date of this Agreement of any fact
      or
      condition that would cause or constitute a material breach of any such
      representation or warranty had such representation or warranty been made as
      of
      the time of occurrence or discovery of such fact or condition. Should any such
      fact or condition require any change in the Schedules relating to such party,
      such party will promptly deliver to the other parties a supplement to the
      Schedules specifying such change. During the same period, each party will
      promptly notify the other parties of the occurrence of any material breach
      of
      any of its covenants in this Agreement or of the occurrence of any event that
      may make the satisfaction of such conditions impossible or
      unlikely.

     

    5.6  Exclusivity.
      Until
      such time, if any, as this Agreement is terminated pursuant to this Agreement,
      but in no event later than November 1, 2008, Densen and Royaltech will not,
      directly or indirectly solicit, initiate, entertain or accept any inquiries
      or
      proposals from, discuss or negotiate with, provide any non-public information
      to, or consider the merits of any unsolicited inquiries or proposals from,
      any
      person or entity relating to any transaction involving the sale of the business
      or assets (other than in the ordinary course of business), or any of the capital
      stock of Densen or Royaltech, as applicable, or any merger, consolidation,
      business combination, or similar transaction other than as contemplated by
      this
      Agreement.

     

    5.7  Conduct
      of Densen and Royaltech Business Prior to Closing.
      Except
      as expressly contemplated by this Agreement or for purposes in furtherance
      of
      this Agreement, from the date of this Agreement to the Closing Date, and except
      to the extent Royaltech otherwise consents in writing, Densen will operate
      its
      business substantially as presently operated and only in the ordinary course
      and
      in compliance with all applicable laws, and use its best efforts to preserve
      its
      relationships with persons having business dealings with it. Likewise, from
      the
      date of this Agreement to the Closing Date, and except to the extent Densen
      otherwise consents in writing, Royaltech will operate its business substantially
      as presently operated and only in the ordinary course and in compliance with
      all
      applicable laws, and use its best efforts to preserve its relationships with
      persons having business dealings with it.

     

    5.8  Full
      Disclosure Requirement. Densen
      acknowledges that Royaltech is required to file with the SEC upon Closing a
      prospectus level disclosure document which includes discussion of all aspects
      of
      its business, financial affairs, risks and its management. Densen and the
      Shareholders will cooperate fully in providing Royaltech with all information
      and documentation reasonably requested. 

     

    5.9  Certain
      Acts Prohibited - Densen. Except
      as
      expressly contemplated by this Agreement or for purposes in furtherance of
      this
      Agreement, between the date of this Agreement and the Closing Date, Densen
      will
      not, without the prior written consent of Royaltech:

     

    
      	 	
              (a)

            	
              amend
                its articles, bylaws or other incorporation
                documents;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (b)

            	
              incur
                any liability or obligation other than in the ordinary course of
                business
                or encumber or permit the encumbrance of any properties or assets
                of
                Densen except in the ordinary course of
                business;

            

    

     

    
      	 	
              (c)

            	
              dispose
                of or contract to dispose of any Densen property or assets, except
                in the
                ordinary course of business consistent with past practice;
                or

            

    

     

    
      	 	
              (d)

            	
              materially
                increase benefits or compensation expenses of Densen, other than
                as
                contemplated by the terms of any employment agreement in existence
                on the
                date of this Agreement, increase the cash compensation of any director,
                executive officer or other key employee or pay any benefit or amount
                not
                required by a plan or arrangement as in effect on the date of this
                Agreement to any such person.

            

    

     

    5.10 Certain
      Acts Prohibited - Royaltech.
      Between
      the date of this Agreement and the Closing Date, Royaltech will not, without
      the
      prior written consent of Densen:

     

    
      	 	
              (a)

            	
              incur
                any liability or obligation or encumber or permit the encumbrance
                of any
                properties or assets of Royaltech except in the ordinary course of
                business consistent with past
                practice;

            

    

     

    
      	 	
              (b)

            	
              dispose
                of or contract to dispose of any Royaltech property or assets except
                in
                the ordinary course of business consistent with past
                practice;

            

    

    

    
      	 	
              (c)

            	
              materially
                increase benefits or compensation expenses of Royaltech, increase
                the cash
                compensation of any director, executive officer or other key employee
                or
                pay any benefit or amount to any such person;

            

    

     

    
      	 	
              (d)

            	
              issue,
                deliver, sell, pledge, dispose of or encumber, or authorize or commit
                to
                the issuance, sale, pledge, disposition or encumbrance of, any shares
                of
                capital stock of any class, or any options, warrants, convertible
                securities or other rights of any kind to acquire any shares of capital
                stock, or any other ownership interest (including, but not limited
                to,
                stock appreciation rights or phantom stock), of
                Company;

            

    

     

    
      	 	
              (e)

            	
              declare,
                set aside or pay any dividends on, or make any other distributions
                in
                respect of the Royaltech Common Stock;
                or

            

    

     

    
      	 	
              (f)

            	
              split,
                combine or reclassify any Royaltech Common Stock or issue or authorize
                the
                issuance of any other securities in respect of, in lieu of or in
                substitution for shares of Royaltech Common
                Stock.

            

    

     

    5.11 Public
      Announcements. Other than
      a
      current Report on Form 8-K which Royaltech is required to file upon the
      execution of this Agreement, until the Closing Date, Royaltech and Densen each
      agree that they will not release or issue any reports or statements or make
      any
      public announcements relating to this Agreement or the Transaction contemplated
      herein without the prior written consent of the other party, except as may
      be
      required upon written advice of counsel to comply with applicable laws or
      regulatory requirements after consulting with the other party hereto and seeking
      their reasonable consent to such announcement. Densen acknowledges that
      Royaltech must comply with Applicable Securities Legislation requiring full
      disclosure of material facts and agreements in which it is involved, and will
      co-operate to assist Royaltech in meeting its obligations. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    6. CLOSING

     

    6.1  Closing.
      The
      Closing will take place on the Closing Date at the offices of the lawyers for
      Densen or at such other location as agreed to by the parties. Notwithstanding
      the location of the Closing, each party agrees that the Closing may be completed
      by the exchange of undertakings between the respective legal counsel for Densen
      and Royaltech, provided such undertakings are satisfactory to each party’s
      respective legal counsel.

     

    6.2  Closing
      Deliveries of Densen.
      At
      Closing, Densen will deliver or cause to be delivered the following, fully
      executed and in the form and substance reasonably satisfactory to
      Royaltech:

     

    
      	 	
              (a)

            	
              copies
                of all resolutions and/or consent actions adopted by or on behalf
                of the
                board of directors of Densen evidencing approval of this Agreement
                and the
                Transaction;

            

    

     

    
      	 	
              (b)

            	
              all
                certificates and other documents required by Section 5.1 of this
                Agreement;

            

    

     

    
      	 	
              (c)

            	
              a
                certificate of an officer of Densen, dated as of Closing, certifying
                that:

            

    

     

    
      	 	
              (i)

            	
              each
                respective covenant and obligation of Densen has been complied with,
                and

            

    

     

    
      	 	
              (ii)

            	
              each
                respective representation, warranty and covenant of Densen is true
                and
                correct at the Closing as if made on and as of the Closing;
                and

            

    

     

    
      	 	
              (d)

            	
              share
                certificates of Densen representing all of the issued and outstanding
                share capital of Densen, duly endorsed for transfer to
                Royaltech;

            

    

     

    
      	 	
              (e)

            	
              a
                legal opinion from Densen’s solicitors in a form satisfactory to
                Royaltech; and

            

    

     

    
      	 	
              (f)

            	
              the
                Densen Documents and any other necessary documents, including the
                Certificate of Merger, each duly executed by Densen, as required
                to give
                effect to the Transaction.

            

    

     

    6.3  Closing
      Deliveries of Royaltech.
      At
      Closing, Royaltech will deliver or cause to be delivered the following, fully
      executed and in the form and substance reasonably satisfactory to
      Densen:

     

    
      	 	
              (a)

            	
              copies
                of all resolutions and/or consent actions adopted by or on behalf
                of the
                board of directors of Royaltech evidencing approval of this Agreement
                and
                the Transaction and the requisite stockholder approval of the
                Transaction;

            

    

     

    
      	 	
              (b)

            	
              all
                certificates and other documents required by Section 5.2 of this
                Agreement;

            

    

     

    
      	 	
              (c)

            	
              a
                certificate of an officer of Royaltech, dated as of Closing, certifying
                that:

            

    

     

    
      	 	
              (i)

            	
              each
                covenant and obligation of Royaltech, has been complied with,
                and

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (ii)

            	
              each
                representation, warranty and covenant of Royaltech, is true and correct
                at
                the Closing as if made on and as of the Closing;
                and

            

    

     

    
      	 	
              (d)

            	
              a
                legal opinion from Royaltech’s solicitors in a form satisfactory to
                Densen; 

            

    

     

    
      	 	
              (e)

            	
              copies
                of resolutions of the board of directors of Royaltech appointing
                Lau San
                as Chief Executive Officer and Chairman of the Board of Directors
                and Liu
                Jingdong as President and Chief Financial Officer of
                Royaltech;

            

    

     

    
      	 	
              (f)

            	
              executed
                Waivers from the creditors of Royaltech listed on Schedule 4;
                

            

    

     

    
      	 	
              (g)

            	
              the
                resignation of the executive officers of Royaltech from their respective
                positions;

            

    

     

    
      	 	
              (h)

            	
              Chenxi
                Shi and Chun Xu immediately prior to the Closing shall have executed
                a
                lock up agreement to restrain them from selling their shares of Royaltech
                common stock for a period of 9 months from the date of Closing; and
                

            

    

     

    
      	 	
              (i)

            	
              the
                Royaltech Documents and any other necessary documents as required
                to give
                effect to the Transaction.

            

    

     

    7. POST
      CLOSING MATTERS

     

    7.1   Change
      of Directors
      Immediately after Closing, the officers and directors of Royaltech shall be
      the
      persons as set forth on Schedule 3.

     

    7.2   Dissenting
      Shares. Each
      outstanding Densen share, the holder of which has not approved the Transaction
      or executed this Agreement and demanded and perfected its demand for payment
      of
      the fair value of its shares in accordance with the British Virgin Islands
      (“Appraisal Rights”) and has not effectively withdrawn or lost its right to such
      payment (“Dissenting Shares”) shall not be converted into or represent a right
      to receive Royaltech Shares pursuant to Section 2.2(e) hereof, and the holder
      thereof shall be entitled only to such rights as are granted by the Appraisal
      Rights. Each holder of Dissenting Shares who becomes entitled to payment for
      its
      Densen Shares pursuant to Appraisal Rights shall receive payment therefor from
      the Surviving Corporation (but only after the amount thereof shall have been
      agreed upon or finally determined pursuant to the Appraisal Rights).

     

    7.3  No
      Dilution. For
      a
      period of 12 months after the Closing, Royaltech agrees not to issue additional
      shares of its common stock to pay for its general administrative
      expenses.

     

    7.4  Acceptance
      of Legal Opinion for Removal of Legend. After
      the
      Closing, other than for Chenxi Shi and Chun Xu whose shares of Royaltech Common
      Stock are subject to the Lockup Agreement, Royaltech agrees that it will not
      unreasonably object to the existing Royaltech shareholders submitting legal
      opinions from their own legal counsel who are qualified in SEC rules and
      regulations to the transfer agent of Royaltech solely for the purposes of
      removing restrictive legends on their share certificates.

     

    8. TERMINATION

     

    8.1  Termination.
      This
      Agreement may be terminated at any time prior to the Closing Date contemplated
      hereby by:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (a)

            	
              mutual
                agreement of Royaltech and Densen;

            

    

     

    
      	 	
              (b)

            	
              Royaltech,
                if there has been a material breach by Densen or any Shareholder
                of any
                material representation, warranty, covenant or agreement set forth
                in this
                Agreement on the part of Densen or any Shareholder that is not cured,
                to
                the reasonable satisfaction of Royaltech, within ten business days
                after
                notice of such breach is given by Royaltech (except that no cure
                period
                will be provided for a breach by Densen or any Shareholders that
                by its
                nature cannot be cured);

            

    

     

    
      	 	
              (c)

            	
              Densen,
                if there has been a material breach by Royaltech of any material
                representation, warranty, covenant or agreement set forth in this
                Agreement on the part of Royaltech that is not cured, to the reasonable
                satisfaction of Densen, within ten business days after notice of
                such
                breach is given by Densen (except that no cure period will be provided
                for
                a breach by Royaltech that by its nature cannot be
                cured);

            

    

     

    
      	 	
              (d)

            	
              Royaltech
                or Densen, if the Transaction contemplated by this Agreement has
                not been
                consummated prior to November 1, 2008 unless Royaltech and Densen
                agree to
                extend such date in writing; or

            

    

     

    
      	 	
              (e)

            	
              Royaltech
                or Densen, if any injunction or other order of a governmental entity
                of
                competent authority prevents the consummation of the Transaction
                contemplated by this Agreement.

            

    

     

    8.2  Effect
      of Termination. In
      the
      event of the termination of this Agreement as provided in Section 8.1 hereto
      this Agreement will be of no further force or effect, provided, however, that
      no
      termination of this Agreement will relieve any party of liability for any
      breaches of this Agreement that are based on a wrongful refusal or failure
      to
      perform any obligations.

     

    9. INDEMNIFICATION

     

    9.1 Certain
      Definitions.
      For the
      purposes of this Section 9, the terms “Loss”
and
      “Losses”
mean
      any and all demands, claims, actions or causes of action, assessments, losses,
      damages, liabilities, costs, and expenses, including without limitation,
      interest, penalties, fines and reasonable attorneys, accountants and other
      professional fees and expenses of an amount not less than $5,000, but excluding
      any indirect, consequential or punitive damages suffered by Royaltech or Densen
      including damages for lost profits or lost business opportunities.

     

    9.2 Densen
      Indemnity. Densen
      will indemnify, defend, and hold harmless Royaltech and its shareholders from,
      against, and in respect of any and all Losses asserted against, relating to,
      imposed upon, or incurred by Royaltech and its shareholders by reason of,
      resulting from, based upon or arising out of:

     

    
      	 	
              (a)

            	
              any
                misrepresentation, misstatement or breach of warranty of Densen contained
                in or made pursuant to this Agreement, any Densen Document or any
                certificate or other instrument delivered pursuant to this Agreement;
                and

            

    

     

    
      	 	
              (b)

            	
              the
                breach or partial breach by Densen of any covenant or agreement of
                Densen
                made in or pursuant to this Agreement, any Densen Document or any
                certificate or other instrument delivered pursuant to this
                Agreement.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    9.3 Royaltech
      Indemnity.
      Each of
      Royaltech and the 5% or greater Royaltech Stockholders immediately prior to
      the
      Closing hereby acknowledge that they will gain significant benefits from the
      transactions contemplated hereunder and shall jointly and severally indemnify,
      defend, and hold harmless Densen, its successors, assigns, officers, directors,
      employees and agents and the Shareholders from, against, for, and in respect
      of
      any and all Losses asserted against, relating to, imposed upon, or incurred
      by
      Densen and the Shareholders by reason of, resulting from, based upon or arising
      out of:

     

    
      	 	
              (a)

            	
              any
                misrepresentation, misstatement or breach of warranty of Royaltech
                contained in or made pursuant to this Agreement, any Royaltech Document
                or
                any certificate or other instrument delivered pursuant to this Agreement;
                or

            

    

     

    
      	 	
              (b)

            	
              the
                breach or partial breach by Royaltech of any covenant or agreement
                of
                Royaltech, made in or pursuant to this Agreement, any Royaltech Document
                or any certificate or other instrument delivered pursuant to this
                Agreement.

            

    

     

    The
      provisions of this Section 9.3 shall survive the consummation of the
      transactions contemplated hereunder, and is intended to benefit the Royaltech,
      Densen and the Shareholders.

     

    9.4 Indemnification
      Procedures.
      A Person
      seeking indemnification under this Section 9.4 (the “Indemnitee”)
      shall
      give timely written notice to the Person from whom indemnification is sought
      (the “Indemnitor”)
      as
      soon as practical after the Indemnitee becomes aware of any condition or event
      that gives rise to damages for which indemnification is sought under this
      Section 9.4. However, the failure of the Indemnitee to give timely notice shall
      not affect the Indemnitee’s rights to indemnification hereunder. In
      the
      event a claim or demand is made by a party against an Indemnitee, the Indemnitee
      shall promptly notify the Indemnitor of such claim or demand, specifying the
      nature and the amount (the “Claim
      Notice”).
      The
      Indemnitor shall notify the Indemnitee within fifteen (15) days after receipt
      of
      the Claim Notice whether the Indemnitor will undertake, conduct, and control,
      through counsel of its own choosing (subject to the consent of Indemnitee,
      such
      consent not to be unreasonably withheld or delayed) and at its expense, the
      settlement or defense thereof, and Indemnitee shall cooperate with Indemnitor
      in
      connection therewith, provided that if Indemnitor undertakes such defense:
      (i)
      Indemnitor shall not thereby permit to exist any encumbrance or other adverse
      charge upon any asset of Indemnitee or settle such action without first
      obtaining the consent of Indemnitee, except for settlements solely covering
      monetary matters for which Indemnitor has acknowledged responsibility for
      payment; (ii) Indemnitor shall permit Indemnitee (at Indemnitee’s sole cost and
      expense) to participate in such settlement or defense through counsel chosen
      by
      Indemnitee; and (iii) Indemnitor shall agree promptly to reimburse Indemnitee
      for the full amount of any loss resulting from such claim and all related
      expenses incurred by Indemnitee, except for those costs expressly assumed by
      the
      Indemnitee hereunder. The Indemnitee agrees to preserve and provide access
      to
      all evidence that may be useful in defending against such claim and to provide
      reasonable cooperation in the defense thereof or in the prosecution of any
      action against a third party in connection therewith. The Indemnitor’s defense
      of any claim or demand shall not constitute an admission or concession of
      liability therefor or otherwise operate in derogation of any rights Indemnitor
      may have against Indemnitee or any third party. So long as Indemnitor is
      reasonably contesting any such claim in good faith, Indemnitee shall not pay
      or
      settle any such claim. If Indemnitor does not notify Indemnitee within fifteen
      (15) days after receipt of Indemnitee’s Claim Notice that it elects to undertake
      the defense thereof, Indemnitee shall have the right to contest, settle or
      compromise the claim in the exercise of its exclusive discretion at the expense
      of the Indemnitor (provided that the Indemnitor shall not be required to pay
      Indemnitee's expenses for the defense, settlement or compromise of claims which
      are not covered by Indemnitor’s obligations this
      Section 9.4).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    10. GENERAL

     

    10.1 
      Effectiveness of Representations; Survival. Each
      party is entitled to rely on the representations, warranties, indemnifications
      and agreements of each of the other parties and all such representation,
      warranties and agreement will be effective regardless of any investigation
      that
      any party has undertaken or failed to undertake. The representations, warranties
      and agreements will survive the Closing Date and continue in full force and
      effect until three (3) months after the Closing Date.

     

    10.2 Further
      Assurances and Provision of Information. Each
      of
      the parties hereto will co-operate with the others and execute and deliver
      to
      the other parties hereto such other instruments and documents and take such
      other actions as may be reasonably requested from time to time by any other
      party hereto as necessary to carry out, evidence, and confirm the intended
      purposes of this Agreement. 

     

    10.3 Amendment.
      This
      Agreement may not be amended except by an instrument in writing signed by each
      of the parties.

     

    10.4 Expenses.
      Each
      party to this Agreement will bear its respective expenses incurred in connection
      with the preparation, execution, and performance of this Agreement and the
      Transaction contemplated hereby, including all fees and expenses of agents,
      representatives, counsel, and accountants.

     

    10.5 Entire
      Agreement. This
      Agreement, the schedules attached hereto and the other documents in connection
      with this transaction contain the entire agreement between the parties with
      respect to the subject matter hereof and supersede all prior arrangements and
      understandings, both written and oral, expressed or implied, with respect
      thereto. Any preceding correspondence or offers are expressly superseded and
      terminated by this Agreement.

     

    10.6 Notices.
      All
      notices and other communications required or permitted under to this Agreement
      must be in writing and will be deemed given if sent by personal delivery, faxed
      with electronic confirmation of delivery, internationally-recognized express
      courier or registered or certified mail (return receipt requested), postage
      prepaid, to the parties at the addresses
      as set
      forth below. All such notices and other communications will be deemed to have
      been received:

     

    
      	 	
              (a)

            	
              in
                the case of personal delivery, on the date of such
                delivery;

            

    

     

    
      	 	
              (b)

            	
              in
                the case of a fax, when the party sending such fax has received electronic
                confirmation of its delivery;

            

    

     

    
      	 	
              (c)

            	
              in
                the case of delivery by internationally-recognized express courier,
                on the
                business day following dispatch;
                and

            

    

     

    
      	 	
              (d)

            	
              in
                the case of mailing, on the fifth business day following
                mailing.

            

    

     

    If
      to
      Royaltech:

    1855
      Talleyrand, Suite 203A

    Brorossard,
      QC J4W 2Y9

    Canada

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Attention:
       Chenxi
      Shi, President and Chief Executive Officer

    Fax:  (604)
      687-6314

    

    With
      a
      copy to:

    

    Clark
      Wilson LLP

    800
      - 885
      West Georgia Street

    Vancouver,
      BC V6C 3H1

    Canada

    

    Attention:
       L.K.
      Larry Yen

    Fax:  (604)
      687-6314

    

    If
      to
      Densen:

    c/o
      Changchun
      Densen Changtuo Agriculture Machinery Manufacturing Co.

    Donghu
      Ecological Economic Development Zone

    Changchun
      City, Jilin Province. P.R.C.

    FAX

    

    With
      a
      copy to:

    

    Ellenoff
      Grossman & Schole LLP

    150
      East
      42nd
      Street

    New
      York,
      NY 10017

    

    Attention:
       Barry
      I.
      Grossman

    Fax:  (212)
      370-7889

    

    If
      to the
      Shareholders:

    c/o
      Changchun
      Densen Changtuo Agriculture Machinery Manufacturing Co.

    Donghu
      Ecological Economic Development Zone

    Changchun
      City, Jilin Province. P.R.C.

    FAX

     

    10.7 Headings.
      The
      headings contained in this Agreement are for convenience purposes only and
      will
      not affect in any way the meaning or interpretation of this
      Agreement.

     

    10.8 Benefits.
      This
      Agreement is and will only be construed as for the benefit of or enforceable
      by
      those persons party to this Agreement.

     

    10.9 Assignment.
      This
      Agreement may not be assigned (except by operation of law) by any party without
      the express, written approval of the other parties to this Agreement, such
      approval not to be unreasonably withheld by any of the parties to this
      Agreement.

     

    10.10 Force
      Majeure.
      The
      obligations of the parties and the timeframes established pursuant to this
      Agreement will be suspended to the extent and for the period that performance
      hereunder is prevented by factors beyond any of the parties’ reasonable control,
      whether foreseeable or unforeseeable, including, without limitation, labour
      disputes, acts of god, laws, regulations, orders, proclamations or requests
      of
      any governmental or regulatory authority, inability to obtain on reasonable
      terms required permits, licenses or other authorizations, or any other matter
      similar to the above. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    10.11 Governing
      Law.
      This
      Agreement shall for all purposes be deemed to be made under and shall be
      construed in accordance with the laws of the State of New York. Each of the
      parties hereby agrees that any action, proceeding or claim against it arising
      out of or relating in any way to this Agreement shall be brought and enforced
      in
      the courts of the State of New York or the United States District Court for
      the
      Southern District of New York, and irrevocably submits to such jurisdiction,
      which jurisdiction shall be exclusive. Each of the parties hereby waives any
      objection to such exclusive jurisdiction and that such courts represent an
      inconvenient forum. 

     

    10.12 Gender.
      All
      references to any party will be read with such changes in number and gender
      as
      the context or reference requires.

     

    10.13 Counterparts.
      This
      Agreement may be executed in one or more counterparts, all of which will be
      considered one and the same agreement and will become effective when one or
      more
      counterparts have been signed by each of the parties and delivered to the other
      parties, it being understood that all parties need not sign the same
      counterpart.

     

    10.14 Facsimile
      Execution.
      This
      Agreement may be executed by delivery of executed signature pages by fax or
      other electronic transmission and such fax or electronic execution will be
      effective for all purposes.

     

    10.15 Independent
      Legal Advice.
      All
      Shareholders confirm that they have been given an opportunity to seek and obtain
      independent legal advice prior to execution of this Agreement and cannot and
      do
      not rely on the representations of Densen, Royaltech, or their respective
      advisors respecting the legal effects of this Agreement.

     

    10.16 Schedules
      and Exhibits.
      The
      schedules and exhibits that are attached to this Agreement are incorporated
      herein by reference as if set forth directly herein.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

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

     

    ROYALTECH
      CORPORATION 

     

    By:
/s/
      Chenxi Shi

    Authorized
      Signatory

    Name:
Chenxi
      Shi

    Title:
President
      and CEO

    
       

    

    DENSEN
      EQUIPMENT LTD. 

    

    
      	
              By:

            	
              /s/
                Lau
                San

            
	
               

            	
              Authorized
                Signatory

            
	
               

            	
              Name:
                Lau
                San

            
	
               

            	
              Title:
                Chairman
                & CEO

            

    

    

    SHAREHOLDERS

    

    By:
      /s/ Lau San    

    Name:
      Lau
      San

    

    By:
      /s/ Yang Feng Yan   

    Name:
      Yang
      Feng
      Yan

    

    WITH
      RESPECT TO SECTION NINE HEREOF:

    

    By:
      /s/ Chenxi Shi

    Name:
      Chenxi Shi

    

    By:
      /s/ Chun Xu

    Name:
      Chun Xu

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE 1

     

    TO
      THE
      SHARE
      EXCHANGE AGREEMENT DATED SEPTEMBER 8, 2008 AMONG ROYALTECH, DENSEN AND DENSEN
      SHAREHOLDERS

     

    Directors
      and Officers of
      Densen

    

    Name
      and Positions Held

    

    Lau
      San,
      Chief Executive Officer and Chairman of the Board of Directors

    

    Yang
      Feng
      Yan, Director

    

    LIU
      Jingdong, General Manager

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SCHEDULE 2

    

    TO
      THE SHARE EXCHANGE AGREEMENT DATED SEPTEMBER 8, 2008 AMONG ROYALTECH, DENSEN
      AND
      DENSEN SHAREHOLDERS

     

    Directors
      and Officers of
      Royaltech

    

    Name
      and Positions Held

    

    Chenxi
      Shi - President, Chief Executive Officer and Director 

    

    Chun
      Xu -
      Vice President and Director

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    SCHEDULE 3

     

    TO
      THE
      SHARE
      EXCHANGE AGREEMENT DATED SEPTEMBER 8, 2008 AMONG ROYALTECH, DENSEN AND DENSEN
      SHAREHOLDERS

     

    Directors
      and Officers of
      Roayltech after Closing

    

    Name
      and Positions Held

     

    Lau
      San,
      Chairman of the Board of Directors, President and Chief Executive
      Officer

     

    Liu
      Jingdong, President and Chief Financial Officer

     

    Chenxi
      Shi, director

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SCHEDULE 4

    TO
      THE SHARE EXCHANGE AGREEMENT DATED SEPTEMBER 8, 2008 AMONG ROYALTECH, DENSEN
      AND
      DENSEN SHAREHOLDERS

     

    Outstanding
      Liabilities of Royaltech Corp.

     

    

    
      	
              Name
                of Creditor

            	
              Outstanding
                Amount

            
	 	 
	
              Manning
                Elliott LLP

            	
              $3,000

            
	 	 
	
              Julia
                Ding

            	
              $3,750

            
	 	 
	
              Shanghai
                Huanjie Investment Consulting Firm

            	
              $90,000

            
	 	 
	
              Clark
                Wilson LLP

            	
              $25,000

            
	 	 
	
              Chenxi
                Shi

            	
              $19,250

            
	 	 
	
              Chun
                Xu

            	
              $9,000

            
	 	 
	 	
              $150,000

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SCHEDULE 5

    

    TO
      THE SHARE EXCHANGE AGREEMENT DATED SEPTEMBER 8, 2008 AMONG ROYALTECH, DENSEN
      AND
      DENSEN SHAREHOLDERS

     

    Densen
      Material Contracts and
      Liabilities

    

     

    Auditor’s
      report of Densen Machinery Investments Limited Attached.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE 6

    

    TO
      THE SHARE EXCHANGE AGREEMENT DATED SEPTEMBER 8, 2008 AMONG ROYALTECH, DENSEN
      AND
      DENSEN SHAREHOLDERS

    

    ROYALTECH
      STOCKHOLDER LEDGER

    

    Stockholder
      ledger attached.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE 7

    

    TO
      THE SHARE EXCHANGE AGREEMENT DATED SEPTEMBER 8, 2008 AMONG ROYALTECH, DENSEN
      AND
      DENSEN SHAREHOLDERS

    

    LIST
      OF DENSEN STOCKHOLDERS

    

    
      
        	Lau San	25,000 Shares
	 	 
	Yang Feng Yan	25,000
                Shares

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]