Document:

IN THE UNITED STATES DISTRICT COURT

FOR THE SOUTHERN DISTRICT OF FLORIDA

 

CASE NO. 04-80695-CIV-MIDDLEBROOKS/JOHNSON

	
DDS HOLDINGS, INC., a Nevada corporation,

 

 Plaintiff,

 

v.

 

UMBERTO MANOLA, a citizen of Italy, DDS TECHNOLOGIES, LTD., a United Kingdom entity, INTEL TRUST, S. A., a Switzerland trust, HARAS ENGINEERING CORP., a Panama entity, HIGH SPED FRAGMENTATION B. V., a Netherlands entity, ERICH STANCHICH, a New Jersey resident, and GIANCARLO LO FIEGO, a citizen of Italy,

 

 Defendants.
	
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NOTICE OF VOLUNTARY DISMISSAL

 

Having reached settlements with named defendants Umberto Manola, Intel Trust, S. A., Haras Engineering Corp., High Sped Fragmentation B.V., and Giancarlo Lo Fiego, pursuant to Rule 41(a), Fed.R.Civ.P., Plaintiff DDS Holdings, Inc. hereby voluntarily dismisses this action (without prejudice) as to all names defendants. None of the defendants, as of this date, have filed or served an answer or motion in response to the Complaint. 

	
Dated: October 19, 2004
	 	
Respectfully submitted,

 

GREENBERG TRAURIG, P.A.

Attorneys for Plaintiff

1221 Brickell Avenue

Miami, Florida 33131

Telephone: (305) 579-0500

Facsimile: (305) 579-0717

E-Mail: coulsond@gtlaw.com

 

 

By:                        

 DAVID A. COULSON

  Florida Bar No. 176222

 

	 
	 	 	 
	

	 

	
CASE NO. 04-80695-CIV-MIDDLEBROOKS/JOHNSON

CERTIFICATE OF SERVICE

 

 I HEREBY CERTIFY that a copy of the foregoing was served by mail and/or telecopy to all parties listed below, on this 19th day of October, 2004.

	
Umberto Manola 

Via Martinengo Cesaresco, 78

1-25128

Brescia, Italy

Fax: (011) 0039-030-306687
	 	
DDS Technologies, Ltd.

16 Grosvenor Place

SW1X London

United Kingdom

	
 

Intel Trust, S.A.

c/o Oliver Nepomuceno

Corso Elvezia 4

6901 Lugano, Switzerland

Fax: (011) 41-91-923-62-34
	 	
Haras Engineering Corp.

c/o Luigi Mameli

53rd Street

Urbanizacion Obarrio

Swiss Tower, 16 Floor

Panama, Republic of Panama

	
High Speed Fragmentation B.V.

c/o Roberto Mameli

Teleport Boulevard 140

1043 Amsterdam

Netherlands
	 	
Erich F. Stanchich 

Telephone: (011) 44-207-491-3430

(Address not known at this time)

	
Giancarlo Lo Fiego

Via Appia Antica 119/A

00179 Rome, Italy

Fax: (011) 39-06-5140611
	 	 
	 	 	
 

 

_____________________________________

      DAVID A. COULSON

	 
	 	 	 
	

	 

	
IN THE UNITED STATES DISTRICT COURT

FOR THE SOUTHERN DISTRICT OF FLORIDA

 

CASE NO. 04-80695-CIV-MIDDLEBROOKS/JOHNSON

 

	
DDS HOLDINGS, INC., a Nevada corporation,

 

 Plaintiff,

 

v.

 

UMBERTO MANOLA, a citizen of Italy, DDS TECHNOLOGIES, LTD., a United Kingdom entity, INTEL TRUST, S. A., a Switzerland trust, HARAS ENGINEERING CORP., a Panama entity, HIGH SPED FRAGMENTATION B. V., a Netherlands entity, ERICH STANCHICH, a New Jersey resident, and GIANCARLO LO FIEGO, a citizen of Italy,

 

 Defendants.
	
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ORDER OF DISMISSAL WITH PREJUDICE

 

THIS CAUSE having come before the Court on Plaintiff’s Notice of Voluntary Dismissal with Prejudice, and the Court being fully advised in the premises, it is hereby

ORDERED and ADJUDGED that the above-captioned action is dismissed with prejudice, each party to bear its own respective attorneys’ fees and costs. This Court shall retain jurisdiction for purposes of enforcing the settlement agreement between the parties. 

DONE and ORDERED in Miami, Florida, this ______ day of ______________, 2004.

 

___________________________________

 LINNEA R. JOHNSON

 U. S. MAGISTRATE JUDGE

Copies furnished:

 Hon. Donald M. Middlebrooks

 Plaintiff’s Attorney, David A. Coulson, Esq. (Fax No. 305-579-0717)

 shall fax a copy of the within Order to all counsel.<PAGE>

                                                                EXHIBIT 10.1

                          STRATEGIC SERVICES AGREEMENT

         This Agreement is made this 26th day of February, 2004, by and between
Marco Business Limited, a British Virgin Islands company ("CONSULTANT"), located
at 9th Floor, Peter Building, 60 Queen's Road Central, Hong Kong and Expert
Network (Shenzhen) Company Limited ("COMPANY"), the subsidiary of China Expert
Technology, Inc., which is a Nevada corporation ("Parent"), located at 31/F
Development Centre, 2010 Renminnan Road, Shenzhen, China.

                               W I T N E S S E T H

         WHEREAS, CONSULTANT is in the business of corporate communications and
marketing (collectively, "Strategic Services") throughout the People's Republic
of China ("Territory") for the purpose of sourcing e-government contracts to
COMPANY; and

         WHEREAS, CONSULTANT and COMPANY both enjoy a reputation for
high-quality work and client satisfaction in their respective Territories; and

         WHEREAS, CONSULTANT and COMPANY wish to form an affiliation
relationship pursuant to which each will initially refer its respective clients
("Clients") to the other when its Clients' needs extend to the Territory,
pursuant to the terms and conditions hereinafter described,

         NOW THEREFORE, in consideration of the premises contained herein and
for other good and valuable considerations, receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

         1. Each party agrees that CONSULTANT will source e-government contracts
in the event that COMPANY requires Strategic Services within the Territory. When
a contract is successfully executed between COMPANY and a Client, a commission
will be awarded to CONSULTANT in either cash or shares of common stock of the
Parent, at the discretion of the COMPANY. Schedule I attached hereto sets forth
a list of contract(s) and the terms thereof between CONSULTANT, COMPANY and the
Client(s). The attached schedule also sets forth the Commission to be paid by
COMPANY to CONSULTANT under each contract.

         2. The commission to the CONSULTANT, paid in either cash or shares of
common stock of the Parent, will amount, in value, to fifteen percent (15%) of
Gross Income (hereinafter defined) (the "Commission") of each e-government
contract payable to CONSULTANT at least six (6) months after each e-government
contract is signed but not later than eight (8) months after such contract is
signed. If CONSULTANT is paid in shares of common stock of the Parent, such
shares must be registered on Form S-8 pursuant to the Securities Act of 1933
(the "Act"). "Gross Income" is hereby defined as monies collected by the
COMPANY, before tax, as (a) commissions on media advertising, (b) fees and time
charges from accounts for advertising, public relations, web site production,
primary research (net of direct costs) and other similar services, (c)
commissions on print and broadcast advertising production, and (d) time charges
for creation of collateral materials and other similar services. Gross Income
shall not include reimbursement of expenses and direct costs. The determination
of Gross Income shall be made by the internal financial department of the
COMPANY in accordance with generally accepted accounting principles consistently
applied.

<PAGE>

         3. Investment Representations. The Consultant hereby represents and
warrants to the COMPANY and the Parent:

                  (a) Acknowledgment. The Consultant understands and agrees that
the shares of common stock of the Parent that may be issued as the Commission
(the "Shares"), have not been registered under the Act or the securities laws of
any state of the U.S. and that the issuance of the Shares will be effected in
reliance upon an exemption from registration afforded either under Section 4(2)
of the Securities Act for transactions by an issuer not involving a public
offering or Regulation S for offers and sales of securities outside the U.S.

                  (b) Status. By the execution of this Agreement, the CONSULTANT
represents and warrants to the COMPANY and the Parent, that is not a U.S.
person. The CONSULTANT understands that the Shares are being offered and sold to
the CONSULTANT in reliance upon the truth and accuracy of the representations,
warranties, agreements, acknowledgments and understandings of the CONSULTANT set
forth in this Agreement, in order that the COMPANY may determine the
applicability and availability of the exemptions from registration of the Shares
on which the COMPANY is relying to issue the Shares to the CONSULTANT.

                  (c) Additional Representations and Warranties. The CONSULTANT
further makes the representations and warranties to the COMPANY and the Parent
set forth on Schedule II.

                  (d) Securities Act Legend. The certificates evidencing the
Shares, and each certificate issued in transfer thereof, will bear the following
legend:

         "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
         REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR
         ANY STATE SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST
         THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE
         TRANSFERRED EXCEPT (1) IN ACCORDANCE WITH THE PROVISIONS OF REGULATION
         S PROMULGATED UNDER THE SECURITIES ACT, AND BASED ON AN OPINION OF
         COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE
         COMPANY, THAT THE PROVISIONS OF REGULATION S HAVE BEEN SATISFIED (2)
         PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
         ACT AND APPLICABLE STATE SECURITIES LAWS OR (3) PURSUANT TO AN
         AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
         SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, IN WHICH CASE THE
         HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE COMPANY AN OPINION
         OF COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO
         THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED,
         ASSIGNED OR OTHERWISE TRANSFERRED IN THE MANNER CONTEMPLATED PURSUANT
         TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
         SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. HEDGING
         TRANSACTIONS INVOLVING THE SECURITIES REPRESENTED BY THIS CERTIFICATE
         MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.

                  (e) Other Legends. The certificates representing the Shares,
and each certificate issued in transfer thereof, will also bear any other legend
required under any applicable law, including, without limitation, any U.S. state
corporate and state securities law, or contract.

<PAGE>

         4. In the event that either party opens additional offices or closes
any of its current offices so that its Territory changes, it shall so advise the
other party in writing within thirty (30) days of such a change.

         5. Nothing herein shall prevent a Client from declining or withdrawing
its business from COMPANY. In addition, nothing herein shall require COMPANY to
accept a Client, or prevent the COMPANY from dismissing a Client at its option
and in its sole discretion, consistent with its obligations to the Client.

         6. The term of this Agreement (the "Term") shall commence on the date
hereof and shall continue indefinitely, unless and until terminated on thirty
(30) days prior written notice to the other party. Upon termination of this
Agreement, neither party shall have any rights or obligations with respect to
the other, except with regard to the requirements imposed in paragraphs 2, 7, 8
and 9 herein.

         7. Each party shall indemnify, defend and hold the other harmless for
all losses, damages, judgments, fees and expenses, including reasonable
attorneys' fees and expenses, arising out of or relating to the services
performed by the other for the Clients.

         8. Each party agrees that during the Term hereof and for a one-year
period subsequent to termination, it will not solicit any account which is a
client of the other, except pursuant to the terms hereof. Each party further
agrees that within such period, it will not employ or attempt to employ any
person in the employ of the other, except with that party's written consent.

         9. Each party acknowledges and agrees that it may become privy to the
confidential and proprietary information of the other. Each party agrees to use
the same degree of care in preserving the confidentiality of such information as
it would in preserving its own confidential and proprietary information and that
of its own clients.

         10. Nothing contained herein shall be construed as permitting either
party to use or exploit the trademarks or tradenames of the other, except with
the other party's written consent. In the event that the affiliation
relationship created herein is referred to in either party's brochures or other
written materials to be disseminated to the public or to prospective clients,
such materials shall be reviewed and approved by both parties prior to
dissemination of the materials.

         11. Nothing contained herein shall constitute a joint venture,
partnership or franchise arrangement between the parties. Each party shall be
considered an independent contractor and shall be free to conduct its business
provided that it complies fully with the terms of this Agreement.

         12. Each party warrants and represents that it has the full power and
legal authority to enter into this Agreement and that the proper exercise of the
rights granted by it hereunder will not infringe on the rights of any third
party. Neither party shall assign any of its rights or obligations herein
without the prior written consent of the other.

         13. This Agreement contains the entire understanding between the
parties hereto, cannot be amended except in writing, signed by the parties
hereto, and shall be interpreted in accordance with the laws of the State of New
York and applicable federal laws of the United States. Any and all disputes
relating to this Agreement shall be adjudicated in the federal, state and local
courts within the State of New York.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement on the day and year first above written.

                                MARCO BUSINESS LIMITED

                                By:  /s/ Yuen Laimei
                                     ---------------------------------------
                                Name:    Yuen Laimei
                                Title:   Director

                                EXPERT NETWORK (SHENZHEN) COMPANY LIMITED

                                By:  /s/ Kung Szechau
                                     ---------------------------------------
                                Name:    Kung Szechau
                                Title:   Chief Executive Officer and Director

                                CHINA EXPERT TECHNOLOGY, INC.

                                By:  /s/ Zhu Xiaoxin
                                     ---------------------------------------
                                Name:    Zhu Xiaoxin
                                Title:   President and Director

<PAGE>

                                   Schedule I

BACKGROUND OF CONTRACT WITH DEHUA COUNTY GOVERNMENT

         CONSULTANT had a contract with Dehua County Government located at No.
10 Feng Chi Street, Dehua County, Fujian Province, China to provide e-government
consulting services. COMPANY assumed CONSULTANT'S obligations under the contract
upon entering into a Tri-partite assignment agreement on April 5, 2004. COMPANY
and Dehua County Government entered into an agreement on April 9, 2004 for
consideration of RMB150,498,000 (US$18,353,415) at a rate of 8.2 in exchange for
COMPANY'S consulting on e-government projects. Gross Income is estimated at
forty to forty-five percent (40-45%) of the total contract.

CONSULTANT'S FEE UNDER THE DEHUA COUNTY GOVERNMENT CONTRACT

         Gross Income at forty percent (40%) of RMB150,498,000 (US$18,353,415)
equals RMB60,199,200 (US$7,341,366). Fees at 15% of Gross Income are equal to
RMB9,029,880 (US$1,101,205) Fees will be issued in S-8 shares. One million one
hundred one thousand two hundred five (1,101,205) shares of common stock of the
Parent will be issued to CONSULTANT for US$1.00 per share.

<PAGE>

                                   Schedule II

1.       At the time of (a) the offer by the COMPANY and (b) the acceptance of
         the offer by the CONSULTANT, of the Shares, the CONSULTANT was outside
         the United States.

2.       No offer to acquire the Shares or otherwise to participate in the
         transactions contemplated by this Agreement was made to the CONSULTANT
         inside the United States.

3.       The CONSULTANT is not acquiring the Shares for the account or benefit
         of any U.S. person, or with a view towards distribution to any U.S.
         person, in violation of the registration requirements of the Securities
         Act.

4.       The CONSULTANT will make all subsequent offers and sales of the Shares
         either (x) outside of the United States in compliance with Regulation
         S; (y) pursuant to a registration under the Securities Act; or (z)
         pursuant to an available exemption from registration under the
         Securities Act

5.       The CONSULTANT has no present plan or intention to sell the Shares in
         the United States or to a U.S. person at any predetermined time, has
         made no predetermined arrangements to sell the Shares and is not acting
         as a Distributor of such securities.

6.       The CONSULTANT is not acquiring the Shares in a transaction (or an
         element of a series of transactions) that is part of any plan or scheme
         to evade the registration provisions of the Act.

7.       The CONSULTANT has sufficient knowledge and experience in finance,
         securities, investments and other business matters to be able to
         protect the CONSULTANT'S interests in connection with the transactions
         contemplated by this Agreement.

8.       The CONSULTANT understands the various risks of an investment in the
         Shares and can afford to bear such risks for an indefinite period of
         time, including, without limitation, the risk of losing its entire
         investment in the Shares.

9.       The CONSULTANT will not sell or otherwise transfer the Shares, unless
         either (A) the transfer of such securities is registered under the
         Securities Act or (B) an exemption from registration of such securities
         is available.

10.      The CONSULTANT understands and acknowledges that the Shares have not
         been recommended by any federal or state securities commission or
         regulatory authority, that the foregoing authorities have not confirmed
         the accuracy or determined the adequacy of any information concerning
         the COMPANY that has been supplied to the CONSULTANT and that any
         representation to the contrary is a criminal offense.

11.      The CONSULTANT acknowledges that the representations, warranties and
         agreements made by The CONSULTANT herein shall survive the execution
         and delivery of this Agreement.

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