Document:

Unassociated Document

    EXHIBIT
      10.3 

    REGISTRATION
      RIGHTS AGREEMENT

    

    This
      Registration Rights Agreement (this “Agreement”)
      is
      made and entered into as of this 27th day of October of 2006 (the “Effective
      Date”)
      between GoFish Corporation (f/k/a Unibio Inc.), a Nevada corporation (the
“Company”),
      and
      the parties set forth on the signature page and Exhibit
      A
      hereto
      (each, a “Purchaser”
and
      collectively, the “Purchasers”).

     

    RECITALS:

     

     

    WHEREAS,
      the Company and GoFish Technologies, Inc. (“Go
      Fish”)
      anticipate the entry into an Agreement and Plan of Merger and Reorganization,
      pursuant to which a newly organized, wholly-owned subsidiary of the Company
      will
      merge with and into GoFish, with GoFish remaining as the surviving entity and
      a
      wholly-owned subsidiary of the Company (the “Merger,”
the
      date such Merger becomes effective hereinafter referred to as the “Merger Effective
      Date”);

     

    WHEREAS,
      as a condition to the consummation of the Merger, and to provide the capital
      required by GoFish for working capital purposes, the Company is offering in
      compliance with Rule 506 of Regulation D of the Securities Act of 1933, as
      amended (the “Securities
      Act”),
      and
      available prospectus exemptions in Canada, to accredited investors in a private
      placement transaction (the “Offering”),
      a
      minimum of 3,666,667 units (the “Units”)
      and a
      maximum of 6,666,667 Units of the Company’s securities, or such greater amount
      not to exceed 8,000,000 Units, as the Company may determine, at the purchase
      price of $1.50 per Unit (the “Purchase
      Price”),
      each
      Unit consisting of one (1) share of the Company’s common stock, par value $0.001
      per share (“Common
      Stock”)
      and a
      warrant (the “Investor
      Warrants”)
      to
      purchase one-half (1/2) share of Common Stock for five (5) years at the exercise
      price of $1.75 per whole share of Common Stock;

     

    WHEREAS,
      The
      Offering will terminate upon the earlier of i) the receipt of acceptable
      subscriptions totaling $10,000,000, or such greater amount as the Company may
      determine, and ii) the election of the Company upon receipt of subscriptions
      totaling at least $5,500,000; provided that the initial closing of the Offering
      shall be concurrent with the close of the Merger
      (the
“Closing
      Date”);
      and

     

    WHEREAS,
      the Purchasers, in connection with their intent to purchase Units in the
      Offering, shall execute and deliver Subscription Agreements (the “Subscription
      Agreements”)
      and
      Investor Questionnaires (the “Investor
      Questionnaires”)
      memorializing the Purchasers’ agreement to purchase and the Company’s agreement
      to sell the number of Units set forth therein at the Purchase Price, and this
      Agreement, pursuant to which the Company will provide certain registration
      rights related to the shares of Common Stock underlying the Units (including
      the
      shares of Common Stock issuable upon exercise of the Investor Warrants) on
      the
      terms set forth herein (the Subscription Agreements, Investor Questionnaires
      and
      Registration Rights Agreements are collectively referred to as the “Transaction
      Documents”).

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    NOW,
      THEREFORE,
      in
      consideration of the mutual promises, representations, warranties, covenants,
      and conditions set forth herein, the parties mutually agree as follows:

     

    1. Certain
      Definitions.
      As used
      in this Agreement, the following terms shall have the following respective
      meanings:

     

    “Approved
      Market”
means
      the NASD Over-The-Counter Bulletin Board, the Nasdaq Global Select Market,
      Nasdaq Global Market, the
      Nasdaq Capital Market, the New York Stock Exchange, Inc. or the American Stock
      Exchange, Inc.

     

    “Blackout
      Period”
means,
      with respect to a registration, a period, in each case commencing on the day
      immediately after the Company notifies the Purchasers that they are required,
      because of the occurrence of an event of the kind described in Section 4(f)
      hereof, to suspend offers and sales of Registrable Securities during which
      the
      Company, in the good faith judgment of its board of directors, determines
      (because of the existence of, or in anticipation of, any acquisition, financing
      activity, or other transaction involving the Company, or the unavailability
      for
      reasons beyond the Company’s control of any required financial statements,
      disclosure of information which is in its best interest not to publicly
      disclose, or any other event or condition of similar significance to the
      Company) that the registration and distribution of the Registrable Securities
      to
      be covered by such Registration Statement, if any, would be seriously
      detrimental to the Company and its stockholders and ending on the earlier of
      (1)
      the date upon which the material non-public information commencing the Blackout
      Period is disclosed to the public or ceases to be material and (2) such time
      as
      the Company notifies the selling Holders that the Company will no longer delay
      such filing of the Registration Statement, recommence taking steps to make
      such
      Registration Statement effective, or allow sales pursuant to such Registration
      Statement to resume; provided,
      that (a)
      the Company shall limit its use of Blackout Periods, in the aggregate, to 30
      Trading Days in any 12-month period and (b) no Blackout Period may commence
      sooner than 60 days after the end of a prior Blackout Period.

     

    “Business
      Day”
means
      any day of the year, other than a Saturday, Sunday, or other day on which the
      Commission is required or authorized to close.

     

    “Commission”
means
      the Securities and Exchange Commission or any other federal agency at the time
      administering the Securities Act.

     

    “Common
      Stock”
means
      the common stock, par value $0.001 per share, of the Company and any and all
      shares of capital stock or other equity securities of: (i) the Company which
      are
      added to or exchanged or substituted for the Common Stock by reason of the
      declaration of any stock dividend or stock split, the issuance of any
      distribution or the reclassification, readjustment, recapitalization or other
      such modification of the capital structure of the Company; and (ii) any other
      corporation, now or hereafter organized under the laws of any state or other
      governmental authority, with which the Company is merged, which results from
      any
      consolidation or reorganization to which the Company is a party, or to which
      is
      sold all or substantially all of the shares or assets of the Company, if
      immediately after such merger, consolidation, reorganization or sale, the
      Company or the stockholders of the Company own equity securities having in
      the
      aggregate more than 50% of the total voting power of such other
      corporation.

     

    
      
        
        

      

      
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    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended, and the rules and regulations
      of the Commission promulgated thereunder.

     

    “Family
      Member”
means
      (a) with respect to any individual, such individual’s spouse, any descendants
      (whether natural or adopted), any trust all of the beneficial interests of
      which
      are owned by any of such individuals or by any of such individuals together
      with
      any organization described in Section 501(c)(3) of the Internal Revenue Code
      of
      1986, as amended, the estate of any such individual, and any corporation,
      association, partnership or limited liability company all of the equity
      interests of which are owned by those above described individuals, trusts or
      organizations and (b) with respect to any trust, the owners of the beneficial
      interests of such trust.

     

    “Holder”
means
      each Purchaser or any of such Purchaser’s respective successors and Permitted
      Assignees who acquire rights in accordance with this Agreement with respect
      to
      the Registrable Securities directly or indirectly from a Purchaser or from
      any
      Permitted Assignee.

     

    “Majority
      Holders”
means
      at any time Holders representing a majority of the Registrable
      Securities.

     

    “Permitted
      Assignee”
means
      (a) with respect to a partnership, its partners or former partners in
      accordance with their partnership interests, (b) with respect to a
      corporation, its stockholders in accordance with their interest in the
      corporation, (c) with respect to a limited liability company, its members
      or former members in accordance with their interest in the limited liability
      company, (d) with respect to an individual party, any Family Member of such
      party, (e) an entity that is controlled by, controls, or is under common control
      with a transferor or (f) a party to this Agreement.

     

    “Piggyback
      Registration”
means,
      in any registration of Common Stock as set forth in Section 3(b), the ability
      of
      holders of Common Stock to include Registrable Securities in such registration.
      

     

    The
      terms
“register,
“
      “registered,
“
and
      “registration”
refer
      to a registration effected by preparing and filing a registration statement
      in
      compliance with the Securities Act, and the declaration or ordering of the
      effectiveness of such registration statement.

     

    “Registrable
      Securities”
means
      the shares of Common Stock issued or issuable to each Purchaser in connection
      with such Purchaser’s purchase of Units pursuant to the Subscription Agreements,
      including the shares of Common Stock issuable on exercise of the Investor
      Warrants issued to the Purchasers in connection with their purchase of Units
      but
      excluding (i) any Registrable Securities that have been publicly sold or may
      be
      sold immediately without registration under the Securities Act either pursuant
      to Rule 144 of the Securities Act or otherwise; (ii) any Registrable Securities
      sold by a person in a transaction pursuant to a registration statement filed
      under the Securities Act or (iii) any Registrable Securities that are at the
      time subject to an effective registration statement under the Securities Act.
      

     

    “Registration
      Default Date”
means
      the date that is 120 days following the Registration Filing Date. 

     

    
      
        
        

      

      
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    “Registration
      Default Period”
means
      the period following the Registration Default Date during which any Registration
      Event occurs and is continuing.

     

    “Registration
      Event”
means
      the occurrence of any of the following events:

     

    (a) the
      Company fails to file with the Commission the Registration Statement on or
      before the Registration Filing Date (as defined herein);

     

    (b) the
      Registration Statement is not declared effective by the Commission on or before
      the Registration Default Date;

     

    (c) after
      the
      SEC Effective Date, sales cannot be made pursuant to the Registration Statement
      for any reason (including without limitation by reason of a stop order, or
      the
      Company’s failure to update the Registration Statement) except as excused
      pursuant to Section 3(a); or

     

    (d) the
      Common Stock generally or the Registrable Securities specifically are not listed
      or included for quotation on an Approved Market, or trading of the Common Stock
      is suspended or halted on the Approved Market, which at the time constitutes
      the
      principal market for the Common Stock, for more than two full, consecutive
      Trading Days; provided, however, a Registration Event shall not be deemed to
      occur if all or substantially all trading in equity securities (including the
      Common Stock) is suspended or halted on the Approved Market for any length
      of
      time.

     

    “Registration
      Filing Date”
means
      the date that is 120 days after the Merger Effective Date.

     

    “Registration
      Statement”
means
      the registration statement that the Company is required to file pursuant to
      this
      Agreement to register the Registrable Securities.

     

    “Rule
      144”
means
      Rule 144 promulgated by the Commission under the Securities Act. 

     

    “SEC
      Effective Date”
means
      the date the Registration Statement is declared effective by the
      Commission.

     

    “Trading
      Day”
means
      any day on which the national securities exchange, the Nasdaq Stock Market,
      the
      NASD Over the Counter Bulletin Board or such other securities market or
      quotation system, which at the time constitutes the principal securities market
      for the Common Stock, is open for general trading of securities.

     

    2. Term.
      This
      Agreement shall continue in full force and effect for a period of two years
      from
      the Effective Date, unless terminated sooner hereunder.

     

    3. Registration.

     

    (a) Registration
      on Form SB-2.
      Not
      later than the Registration Filing Date, the Company shall file with the
      Commission a Registration Statement on Form SB-2, or other applicable form,
      relating to the resale by the Holders of all of the Registrable Securities,
      and
      the Company shall use its commercially reasonable best efforts to cause such
      Registration Statement to be declared effective prior to the Registration
      Default Date; provided, however, that the Company shall not be obligated to
      effect any such registration, qualification, or compliance pursuant to this
      Section, or keep such registration effective pursuant to the terms hereunder:
      (i) in any particular jurisdiction in which the Company would be required to
      qualify to do business as a foreign corporation or as a dealer in securities
      under the securities or blue sky laws of such jurisdiction or to execute a
      general consent to service of process in effecting such registration,
      qualification or compliance, in each case where it has not already done so
      or
      (ii) during any Blackout Period, in which case the Registration Filing Date
      shall be extended to the date immediately following the last day of such
      Blackout Period. 

     

    
      
        
        

      

      
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    (b) Piggyback
      Registration.
      The
      Company shall have the right to provide Piggyback Registration rights in the
      Registration Statement described in Section 3(a) to investors in a subsequent
      private or underwritten public offering of the Company without providing prior
      notice to, or obtaining the consent of, the Holders in the event that (i) such
      subsequent offering raises aggregate gross proceeds of at least $25,000,000;
      and
      (ii) the price of the securities sold in such subsequent offering is at a 25%
      economic premium (calculated based upon the conversion of any convertible
      securities issued) to Units sold in the Offering. Except
      as
      otherwise provided herein, 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 Holders), 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 Commission Rule 145 transaction, a registration on Form S-4 in connection
      with
      a merger, acquisition, divestiture, reorganization, or similar event, the
      Company shall promptly give to the Holders 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, subject to Section 3(c), include
      as
      a Piggyback Registration all of the Registrable Securities specified in a
      written request delivered by the Holder within 10 calendar days after receipt
      of
      such written notice from the Company. However, the Company may, without the
      consent of the Holders, 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. 

     

    (c) Underwriting.
      If a
      Piggyback Registration is for a registered public offering involving an
      underwriting, the Company shall so advise the Holders except as provided in
      Section 3(b). In such 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 Registrable Securities in the underwriting to the
      extent provided herein. All Holders proposing to include the Registrable
      Securities they hold 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 of the number of shares of Common Stock or the amount
      of
      other securities to be underwritten, the underwriter may exclude some or all
      Registrable Securities from such registration and underwriting. The Company
      shall so advise all Holders (except those Holders who failed to timely elect
      to
      include their Registrable Securities through such underwriting or have indicated
      to the Company their decision not to do so), and indicate to each such Holder
      the number of shares of Registrable Securities that may be included in the
      registration and underwriting, if any. The number of shares of Registrable
      Securities to be included in such registration and underwriting shall be
      allocated among such Holders as follows: 

     

    
      
        
        

      

      
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    (i) In
      the
      event of a Piggyback Registration that is 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
      Holders, who have requested to sell in the registration on a pro rata basis
      according to the number of shares requested to be included; and

     

    (ii) In
      the
      event of a Piggyback Registration that is initiated by the exercise of demand
      registration rights by a stockholder or stockholders of the Company (other
      than
      the Holders), 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 Holders,
      who have requested to sell in the registration, on a pro rata basis, according
      to the number of shares requested to be included.

     

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

     

    (d) Other
      Registrations.
      Prior
      to the SEC Effective Date, the Company will not, without the prior written
      consent of the Majority Holders, file or request the acceleration of any other
      registration statement filed with the Commission, and during any time subsequent
      to the SEC Effective Date when the Registration Statement for any reason is
      not
      available for use by any Holder for the resale of any Registrable Securities,
      the Company shall not, without the prior written consent of the Majority
      Holders, file any other registration statement or any amendment thereto with
      the
      Commission under the Securities Act or request the acceleration of the
      effectiveness of any other registration statement previously filed with the
      Commission, other than (i) any registration statement on Form S-8 or Form S-4
      and (ii) any registration statement or amendment which the Company is required
      to file or as to which the Company is required to request acceleration pursuant
      to any obligation in effect on the date of execution and delivery of this
      Agreement.

     

    
      
        
        

      

      
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    (e) Occurrence
      of Registration Event.
      If a
      Registration Event occurs, then the Company will make payments to each Purchaser
      (a “Qualified
      Purchaser”),
      as
      partial liquidated damages for the minimum amount of damages to the Qualified
      Purchaser by reason thereof, and not as a penalty, at a rate equal to 1% of
      the
      Purchase Price per share of Registrable Securities then held by a Qualified
      Purchaser monthly, for each calendar month of the Registration Default Period
      (pro rated for any period less than 30 days); provided, however, if a
      Registration Event occurs (or is continuing) on a date more than one-year after
      the Qualified Purchaser acquired the Registrable Securities (and thus the
      one-year holding period under Rule 144(d) has elapsed), liquidated damages
      shall
      be paid only with respect to that portion of the Qualified Purchaser’s
      Registrable Securities that cannot then be immediately resold in reliance on
      Rule 144. Notwithstanding the foregoing, the maximum amount of liquidated
      damages that may be paid to any Qualified Purchaser pursuant to this Section
      3(e) shall be an amount equal to 12% of the Purchase Price per share of
      Registrable Securities held by such Qualified Purchaser. Each such payment
      shall
      be due and payable within five days after the end of each calendar month of
      the
      Registration Default Period until the termination of the Registration Default
      Period and within five days after such termination. Such payments shall
      constitute the Qualified Purchaser’s exclusive remedy for such events. The
      Registration Default Period shall terminate upon (i) the filing of the
      Registration Statement in the case of clause (a) of the definition of
      Registration Event, (ii) the SEC Effective Date in the case of clause (b) of
      the
      definition of Registration Event, (iii) the ability of the Qualified Purchaser
      to effect sales pursuant to the Registration Statement in the case of clause
      (c)
      of the definition of Registration Event, (iv) the listing or inclusion and/or
      trading of the Common Stock on an Approved Market, as the case may be, in the
      case of clause (d) of the definition of Registration Event, and (v) in the
      case
      of the events described in clauses (b) and (c) of the definition of Registration
      Event, the earlier termination of the Registration Default Period. The amounts
      payable as partial liquidated damages pursuant to this paragraph shall be
      payable in lawful money of the United States. Amounts payable as liquidated
      damages to each Qualified Purchaser hereunder with respect to each share of
      Registrable Securities shall cease when the Qualified Purchaser no longer holds
      such shares of Registrable Securities or such shares of Registrable Securities
      can be immediately sold by the Qualified Purchaser in reliance on Rule 144(k).
      

     

    4. Registration
      Procedures.
      The
      Company will keep each Holder reasonably advised as to the filing and
      effectiveness of the Registration Statement. At its expense with respect to
      the
      Registration Statement, the Company will:

     

    (a) prepare
      and file with the Commission with respect to the Registrable Securities, a
      Registration Statement on Form SB-2, or any other form for which the Company
      then qualifies or which counsel for the Company shall deem appropriate and
      which
      form shall be available for the sale of the Registrable Securities in accordance
      with the intended methods of distribution thereof, and use its commercially
      reasonable efforts to cause such Registration Statement to become and remain
      effective for a period of two years or for such shorter period ending on the
      earlier to occur of (i) the sale of all Registrable Securities and (ii) the
      availability under Rule 144(k) for the Holder to sell the Registrable Securities
      (in either case, the “Effectiveness
      Period”);

     

    
      
        
        

      

      
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    (b) if
      the
      Registration Statement is subject to review by the Commission, promptly respond
      to all comments and diligently pursue resolution of any comments to the
      satisfaction of the Commission;

     

    (c) prepare
      and file with the Commission such amendments and supplements to such
      Registration Statement and the prospectus used in connection therewith as may
      be
      necessary to keep such Registration Statement effective during the Effectiveness
      Period;

     

    (d) furnish,
      without charge, to each Holder of Registrable Securities covered by such
      Registration Statement (i) a reasonable number of copies of such Registration
      Statement (including any exhibits thereto other than exhibits incorporated
      by
      reference), each amendment and supplement thereto as such Holder may reasonably
      request, (ii) such number of copies of the prospectus included in such
      Registration Statement (including each preliminary prospectus and any other
      prospectus filed under Rule 424 under the Securities Act) as such Holders may
      reasonably request, in conformity with the requirements of the Securities Act,
      and (iii) such other documents as such Holder may require to consummate the
      disposition of the Registrable Securities owned by such Holder, but only during
      the Effectiveness Period;

     

    (e) use
      its
      commercially reasonable best efforts to register or qualify such registration
      under such other applicable securities or blue sky laws of such jurisdictions
      as
      any Holder of Registrable Securities covered by such Registration Statement
      reasonably requests and as may be necessary for the marketability of the
      Registrable Securities (such request to be made by the time the applicable
      Registration Statement is deemed effective by the Commission) and do any and
      all
      other acts and things necessary to enable such Holder to consummate the
      disposition in such jurisdictions of the Registrable Securities owned by such
      Holder; provided, however, that the Company shall not be required to (i) qualify
      generally to do business in any jurisdiction where it would not otherwise be
      required to qualify but for this paragraph, (ii) subject itself to taxation
      in
      any such jurisdiction, or (iii) consent to general service of process in any
      such jurisdiction;

     

    (f) as
      promptly as practicable after becoming aware of such event, notify each Holder
      of Registrable Securities, the disposition of which requires delivery of a
      prospectus relating thereto under the Securities Act, of the happening of any
      event, which comes to the Company’s attention, that will after the occurrence of
      such event cause the prospectus included in such Registration Statement, if
      not
      amended or supplemented, to contain an untrue statement of a material fact
      or an
      omission to state a material fact required to be stated therein or necessary
      to
      make the statements therein not misleading and the Company shall promptly
      thereafter prepare and furnish to such Holder a supplement or amendment to
      such
      prospectus (or prepare and file appropriate reports under the Exchange Act)
      so
      that, as thereafter delivered to the purchasers of such Registrable Securities,
      such prospectus shall not contain an untrue statement of a material fact or
      omit
      to state any material fact required to be stated therein or necessary to make
      the statements therein not misleading, unless suspension of the use of such
      prospectus otherwise is authorized herein or in the event of a Blackout Period,
      in which case no supplement or amendment need be furnished (or Exchange Act
      filing made) until the termination of such suspension or Blackout Period;

     

    
      
        
        

      

      
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    (g) comply,
      and continue to comply during the Effectiveness Period, in all material respects
      with the Securities Act and the Exchange Act and with all applicable rules
      and
      regulations of the Commission with respect to the disposition of all securities
      covered by such Registration Statement;

     

    (h) as
      promptly as practicable after becoming aware of such event, notify each Holder
      of Registrable Securities being offered or sold pursuant to the Registration
      Statement of the issuance by the Commission of any stop order or other
      suspension of effectiveness of the Registration Statement or any pending
      proceeding against the Company under Section 8A of the Securities Act in
      connection with the offering of the Registrable Securities;

     

    (i) use
      its
      best efforts to cause all the Registrable Securities covered by the Registration
      Statement to be quoted on the NASD OTC Bulletin Board or such other principal
      securities market on which securities of the same class or series issued by
      the
      Company are then listed or traded; 

     

    (j) provide
      a
      transfer agent and registrar, which may be a single entity, for the shares
      of
      Common Stock at all times;

     

    (k) cooperate
      with the Holders of Registrable Securities being offered pursuant to the
      Registration Statement to issue and deliver, or cause its transfer agent to
      issue and deliver, certificates representing Registrable Securities to be
      offered pursuant to the Registration Statement within a reasonable time after
      the delivery of certificates representing the Registrable Securities to the
      transfer agent or the Company, as applicable, and enable such certificates
      to be
      in such denominations or amounts as the Holders may reasonably request and
      registered in such names as the Holders may request;

     

    (l) during
      the Effectiveness Period, refrain from bidding for or purchasing any Common
      Stock or any right to purchase Common Stock or attempting to induce any person
      to purchase any such security or right if such bid, purchase or attempt would
      in
      any way limit the right of the Holders to sell Registrable Securities by reason
      of the limitations set forth in Regulation M under the Exchange Act;

     

    (m) take
      all
      other reasonable actions necessary to expedite and facilitate the disposition
      by
      the Holders of the Registrable Securities pursuant to the Registration
      Statement; and

     

    (n) file
      electronically on EDGAR the Registration Statement and all amendments and
      supplements thereto.

     

    5. Suspension
      of Offers and Sales.
      Each
      Holder agrees that, upon receipt of any notice from the Company of the happening
      of any event of the kind described in Section 4(f) hereof or of the commencement
      of a Blackout Period, such Holder shall discontinue the disposition of
      Registrable Securities included in the Registration Statement until such
      Holder’s receipt of the copies of the supplemented or amended prospectus
      contemplated by Section 4(f) hereof or notice of the end of the Blackout Period,
      and, if so directed by the Company, such Holder shall deliver to the Company
      (at
      the Company’s expense) all copies (including, without limitation, any and all
      drafts), other than permanent file copies, then in such Holder’s possession, of
      the prospectus covering such Registrable Securities current at the time of
      receipt of such notice.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    6. Registration
      Expenses.
      The
      Company shall pay all expenses in connection with any registration obligation
      provided herein, including, without limitation, all registration, filing, stock
      exchange fees, printing expenses, all fees and expenses of complying with
      securities or blue sky laws, and the fees and disbursements of counsel for
      the
      Company and of its independent accountants; provided that, in any underwritten
      registration, each party shall pay for its own underwriting discounts and
      commissions and transfer taxes. Except as provided in this Section and Section
      9, the Company shall not be responsible for the expenses of any attorney or
      other advisor employed by a Holder.

     

    7. Assignment
      of Rights.
      No
      Holder may assign its rights under this Agreement to any party without the
      prior
      written consent of the Company; provided, however, that a Holder may assign
      its
      rights under this Agreement without such consent to a Permitted Assignee as
      long
      as (a) such transfer or assignment is effected in accordance with applicable
      securities laws; (b) such transferee or assignee agrees in writing to become
      subject to the terms of this Agreement; and (c) the Company is given written
      notice by such Holder of such transfer or assignment, stating the name and
      address of the transferee or assignee and identifying the Registrable Securities
      with respect to which such rights are being transferred or
      assigned.

     

    8. Information
      by Holder.
      Holders
      included in any registration shall furnish to the Company such information
      as
      the Company may reasonably request in writing regarding such Holders and the
      distribution proposed by such Holders.

     

    9. Indemnification.

     

    (a) In
      the
      event of the offer and sale of Registrable Securities under the Securities
      Act,
      the Company shall, and hereby does, indemnify and hold harmless, to the fullest
      extent permitted by law, each Holder, its directors, officers, partners, each
      other person who participates as an underwriter in the offering or sale of
      such
      securities, and each other person, if any, who controls or is under common
      control with such Holder or any such underwriter within the meaning of Section
      15 of the Securities Act, against any losses, claims, damages or liabilities,
      joint or several, and expenses to which the Holder or any such director,
      officer, partner or underwriter or controlling person may become subject under
      the Securities Act or otherwise, insofar as such losses, claims, damages,
      liabilities or expenses (or actions or proceedings, whether commenced or
      threatened, in respect thereof) arise out of or are based upon any untrue
      statement of any material fact contained in any registration statement prepared
      and filed by the Company under which shares of Registrable Securities were
      registered under the Securities Act, any preliminary prospectus, final
      prospectus or summary prospectus contained therein, or any amendment or
      supplement thereto, or any omission to state therein a material fact required
      to
      be stated therein or necessary to make the statements therein in light of the
      circumstances in which they were made not misleading, and the Company shall
      reimburse the Holder, and each such director, officer, partner, underwriter
      and
      controlling person for any legal or any other expenses reasonably incurred
      by
      them in connection with investigating, defending or settling any such loss,
      claim, damage, liability, action or proceeding; provided that the Company shall
      not be liable in any such case (i) to the extent that any such loss, claim,
      damage or liability (or action or proceeding in respect thereof) or expense
      arises out of or is based upon an untrue statement in or omission from such
      Registration Statement, any such preliminary prospectus, final prospectus,
      summary prospectus, amendment or supplement in reliance upon and in conformity
      with written information furnished to the Company through an instrument duly
      executed by or on behalf of such Holder specifically stating that it is for
      use
      in the preparation thereof or (ii) if the person asserting any such loss, claim,
      damage, liability (or action or proceeding in respect thereof) who purchased
      the
      Registrable Securities that are the subject thereof did not receive a copy
      of an
      amended preliminary prospectus or the final prospectus (or the final prospectus
      as amended or supplemented) at or prior to the written confirmation of the
      sale
      of such Registrable Securities to such person because of the failure of such
      Holder or underwriter to so provide such amended preliminary or final prospectus
      and the untrue statement or omission of a material fact made in such preliminary
      prospectus was corrected in the amended preliminary or final prospectus (or
      the
      final prospectus as amended or supplemented). Such indemnity shall remain in
      full force and effect regardless of any investigation made by or on behalf
      of
      the Holders, or any such director, officer, partner, underwriter or controlling
      person and shall survive the transfer of such shares by the Holder.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

     

    (b) As
      a
      condition to including Registrable Securities in any registration statement
      filed pursuant to this Agreement, each Holder agrees to be bound by the terms
      of
      this Section 9 and to indemnify and hold harmless, to the fullest extent
      permitted by law, the Company, its directors and officers, and each other
      person, if any, who controls the Company within the meaning of Section 15 of
      the
      Securities Act, against any losses, claims, damages or liabilities, joint or
      several, to which the Company or any such director or officer or controlling
      person may become subject under the Securities Act or otherwise, insofar as
      such
      losses, claims, damages or liabilities (or actions or proceedings, whether
      commenced or threatened, in respect thereof) that arises out of or is based
      upon
      an untrue statement in or omission from such Registration Statement, any such
      preliminary prospectus, final prospectus, summary prospectus, amendment or
      supplement in reliance upon and in conformity with written information furnished
      to the Holder through an instrument duly executed by or on behalf of the Company
      specifically stating that it is for use in the preparation thereof, and such
      Holder shall reimburse the Company, and each such director, officer, and
      controlling person for any legal or other expenses reasonably incurred by them
      in connection with investigating, defending, or settling and such loss, claim,
      damage, liability, action, or proceeding; provided, however, that such indemnity
      agreement found in this Section 9 shall in no event exceed the gross proceeds
      from the Offering received by such Holder. Such indemnity shall remain in full
      force and effect, regardless of any investigation made by or on behalf of the
      Company or any such director, officer or controlling person and shall survive
      the transfer by any Holder of such shares.

     

    (c) Promptly
      after receipt by an indemnified party of notice of the commencement of any
      action or proceeding involving a claim referred to in this Section (including
      any governmental action), such indemnified party shall, if a claim in respect
      thereof is to be made against an indemnifying party, give written notice to
      the
      indemnifying party of the commencement of such action; provided that the failure
      of any indemnified party to give notice as provided herein shall not relieve
      the
      indemnifying party of its obligations under this Section, except to the extent
      that the indemnifying party is actually prejudiced by such failure to give
      notice. In case any such action is brought against an indemnified party, unless
      in the reasonable judgment of counsel to such indemnified party a conflict
      of
      interest between such indemnified and indemnifying parties may exist or the
      indemnified party may have defenses not available to the indemnifying party
      in
      respect of such claim, the indemnifying party shall be entitled to participate
      in and to assume the defense thereof, with counsel reasonably satisfactory
      to
      such indemnified party and, after notice from the indemnifying party to such
      indemnified party of its election so to assume the defense thereof, the
      indemnifying party shall not be liable to such indemnified party for any legal
      or other expenses subsequently incurred by the latter in connection with the
      defense thereof, unless in such indemnified party’s reasonable judgment a
      conflict of interest between such indemnified and indemnifying parties arises
      in
      respect of such claim after the assumption of the defenses thereof or the
      indemnifying party fails to defend such claim in a diligent manner, other than
      reasonable costs of investigation. Neither an indemnified nor an indemnifying
      party shall be liable for any settlement of any action or proceeding effected
      without its consent. No indemnifying party shall, without the consent of the
      indemnified party, consent to entry of any judgment or enter into any
      settlement, which does not include as an unconditional term thereof the giving
      by the claimant or plaintiff to such indemnified party of a release from all
      liability in respect of such claim or litigation. Notwithstanding anything
      to
      the contrary set forth herein, and without limiting any of the rights set forth
      above, in any event any party shall have the right to retain, at its own
      expense, counsel with respect to the defense of a claim.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

     

    (d) In
      the
      event that an indemnifying party does or is not permitted to assume the defense
      of an action pursuant to Sections 9(c) or in the case of the expense
      reimbursement obligation set forth in Sections 9(a) and (b), the indemnification
      required by Sections 9(a) and (b) hereof shall be made by periodic payments
      of
      the amount thereof during the course of the investigation or defense, as and
      when bills received or expenses, losses, damages, or liabilities are
      incurred.

     

    (e) If
      the
      indemnification provided for in this Section is held by a court of competent
      jurisdiction to be unavailable to an indemnified party with respect to any
      loss,
      liability, claim, damage or expense referred to herein, the indemnifying party,
      in lieu of indemnifying such indemnified party hereunder, shall (i) contribute
      to the amount paid or payable by such indemnified party as a result of such
      loss, liability, claim, damage or expense as is appropriate to reflect the
      proportionate relative fault of the indemnifying party on the one hand and
      the
      indemnified party on the other (determined by reference to, among other things,
      whether the untrue or alleged untrue statement of a material fact or omission
      relates to information supplied by the indemnifying party or the indemnified
      party and the parties’ relative intent, knowledge, access to information and
      opportunity to correct or prevent such untrue statement or omission), or (ii)
      if
      the allocation provided by clause (i) above is not permitted by applicable
      law
      or provides a lesser sum to the indemnified party than the amount hereinafter
      calculated, not only the proportionate relative fault of the indemnifying party
      and the indemnified party, but also the relative benefits received by the
      indemnifying party on the one hand and the indemnified party on the other,
      as
      well as any other relevant equitable considerations. No indemnified party guilty
      of fraudulent misrepresentation (within the meaning of Section 11(f) of the
      Securities Act) shall be entitled to contribution from any indemnifying party
      who was not guilty of such fraudulent misrepresentation.

     

    (f) Other
      Indemnification.
      Indemnification similar to that specified in this Section (with appropriate
      modifications) shall be given by the Company and each Holder of Registrable
      Securities with respect to any required registration or other qualification
      of
      securities under any federal or state law or regulation or governmental
      authority other than the Securities Act.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

     

    10. Rule
      144.
      For
      a
      period of at least 24 months following the Closing Date,
      the
      Company will use its commercially reasonable best efforts to timely file all
      reports required to be filed by the Company after the date hereof under the
      Securities Act and the Exchange Act and the rules and regulations adopted by
      the
      Commission thereunder, and if the Company is not required to file reports
      pursuant to such sections, it will prepare and furnish to the Purchasers and
      make publicly available in accordance with Rule 144(c) such information as
      is
      required for the Purchasers to sell shares of Common Stock under Rule
      144.

     

    11. Independent
      Nature of Each Purchaser’s Obligations and Rights.
      The
      obligations of each Purchaser under this Agreement are several and not joint
      with the obligations of any other Purchaser, and each Purchaser shall not be
      responsible in any way for the performance of the obligations of any other
      Purchaser under this Agreement. Nothing contained herein and no action taken
      by
      any Purchaser pursuant hereto, shall be deemed to constitute such Purchasers
      as
      a partnership, an association, a joint venture, or any other kind of entity,
      or
      create a presumption that the Purchasers are in any way acting in concert or
      as
      a group with respect to such obligations or the transactions contemplated by
      this Agreement. Each Purchaser shall be entitled to independently protect and
      enforce its rights, including without limitation the rights arising out of
      this
      Agreement, and it shall not be necessary for any other Purchaser to be joined
      as
      an additional party in any proceeding for such purpose.

     

    12. Miscellaneous.

     

    (a) Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York and the United States of America, both substantive and
      remedial, without regard to New York conflicts of law principles. Any
      judicial proceeding brought against either of the parties to this agreement
      or
      any dispute arising out of this Agreement or any matter related hereto shall
      be
      brought in the courts of the State of New York, New York County, or in the
      United States District Court for the Southern District of New York and, by
      its
      execution and delivery of this agreement, each party to this Agreement accepts
      the jurisdiction of such courts. The foregoing consent to jurisdiction shall
      not
      be deemed to confer rights on any person other than the parties to this
      Agreement.

     

    (b) Successors
      and Assigns.
      Except
      as otherwise provided herein, the provisions hereof shall inure to the benefit
      of, and be binding upon, the successors, Permitted Assignees, executors and
      administrators of the parties hereto. In the event the Company merges with,
      or
      is otherwise acquired by, a direct or indirect subsidiary of a publicly traded
      company, the Company shall condition the merger or acquisition on the assumption
      by such parent company of the Company’s obligations under this Agreement.

     

    (c) Entire
      Agreement.
      This
      Agreement constitutes the full and entire understanding and agreement between
      the parties with regard to the subjects hereof.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

     

    (d) Notices,
      etc.
      All
      notices or other communications which are required or permitted under this
      Agreement shall be in writing and sufficient if delivered by hand, by facsimile
      transmission, by registered or certified mail, postage pre-paid, by electronic
      mail, or by courier or overnight carrier, to the persons at the addresses set
      forth below (or at such other address as may be provided hereunder), and shall
      be deemed to have been delivered as of the date so delivered: 

     

    If
      to the
      Company before the Closing Date to:

    

    GoFish
      Corporation

    88
      West
      44th
      Avenue

    Vancouver,
      BC V5Y 2V1

    Canada

    Attention:
      Stephen B. Jackson, President

    

    If
      to the
      Company after the Closing Date to:

    

    GoFish
      Corporation

    500
      Third
      Street, Suite 260

    San
      Francisco, CA 94107

    Attention:
      Michael Downing, CEO

    Facsimile:
      (415) 738-8834

    

    If
      to the
      Purchasers:  

    

    To
      each
      Purchaser at the address

    set
      forth
      on Exhibit A

    

    or
      at
      such other address as any party shall have furnished to the other parties in
      writing.

     

    (e) Delays
      or Omissions.
      No
      delay or omission to exercise any right, power or remedy accruing to any Holder,
      upon any breach or default of the Company under this Agreement, shall impair
      any
      such right, power or remedy of such Holder nor shall it be construed to be
      a
      waiver of any such breach or default, or an acquiescence therein, or of or
      in
      any similar breach or default thereunder occurring; nor shall any waiver of
      any
      single breach or default be deemed a waiver of any other breach or default
      theretofore or thereafter occurring. Any waiver, permit, consent or approval
      of
      any kind or character on the part of any Holder of any breach or default under
      this Agreement, or any waiver on the part of any Holder of any provisions or
      conditions of this Agreement, must be in writing and shall be effective only
      to
      the extent specifically set forth in such writing. All remedies, either under
      this Agreement, or by law or otherwise afforded to any holder, shall be
      cumulative and not alternative.

     

    (f) Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      enforceable against the parties actually executing such counterparts, and all
      of
      which together shall constitute one instrument. In the event that any signature
      is delivered by facsimile transmission, such signature shall create a valid
      and
      binding obligation of the party executing (or on whose behalf such signature
      is
      executed) with the same force and effect as if such facsimile signature page
      were an original thereof.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

     

    (g) Severability.
      In the
      case any provision of this Agreement shall be invalid, illegal or unenforceable,
      the validity, legality and enforceability of the remaining provisions shall
      not
      in any way be affected or impaired thereby.

     

    (h) Amendments.
      The
      provisions of this Agreement may be amended at any time and from time to time,
      and particular provisions of this Agreement may be waived, with and only with
      an
      agreement or consent in writing signed by the Company and the Majority Holders.
      The Purchasers acknowledge that by the operation of this Section, the Majority
      Holders may have the right and power to diminish or eliminate all rights of
      the
      Purchasers under this Agreement.

     

    (i) Limitation
      on Subsequent Registration Rights.
      Except
      as set forth in Section 3(b), after the date of this Agreement, the Company
      shall not, without the prior written consent of the Majority Holders, enter
      into
      any agreement with any holder or prospective holder of any securities of the
      Company that would grant such holder registration rights senior to those granted
      to the Holders hereunder.

     

    [SIGNATURE
      PAGES FOLLOW]

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

     

    This
      Registration Rights Agreement is hereby executed as of the date first above
      written.

     

    
      	 	 	 
	 	COMPANY:
	 	 
	 	
              GOFISH
                CORPORATION

            
	 
 	 
 	 
 
	 	By:  	 
	 	 	
              

            
	 	 Name:	 Stephen B. Jackson
	 	 Its:	 President
	 	
            
	 	 

    

     

    Agreed
      to and acknowledged by:

     

    
      
        	 	 	 
	 	
                GOFISH TECHNOLOGIES,
                  INC.

              
	 
 	 
 	 
 
	 	By:  	 
	 	 	
                

              
	 	Name:	 Michael Downing
	 	Its:	 Chief Executive Officer
	 	
              
	 	 

      

       

    

     

    [SIGNATURE
      PAGE OF PURCHASER FOLLOWS]

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    This
      Registration Rights Agreement is hereby executed as of the date first above
      written.

    

    

    
      	PURCHASER:
	 
	 
	 
	 
	 
	
              
                (PRINT
                  NAME)

              

            
	 
	 

    

     

    
      	
              By:

            	 
	 
	
              Name:

            	 
	 
	
              Its:

            	 
	 

    

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    Exhibit
      A

     

    Purchasers

     

    

    
      	
               

              Purchaser
                Name

            	 	
               

              Purchaser
                Address

            	 	
               

              Number
                of Units

            
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

      GOFISH
        CORPORATION

      

      CONSENT
        AND ACKNOWLEDGEMENT

      

      PLEASE
        BE
        ADVISED, that you have elected to subscribe for, purchase and acquire from
        GoFish Corporation (f/k/a Unibio Inc.) (the “Company”) units of securities (the
“Units,” each Unit consisting of one share, and a warrant to purchase one-half
        (1/2) of a share, of the Company’s common stock) in the Company’s pending
        private placement offering (the “Offering”) of up to 6,666,667 Units, or such
        greater amount, at the discretion of the Company, not to exceed 8,000,000
        Units.
        The Offering is being conducted in connection with the proposed merger of
        a
        wholly-owned subsidiary of the Company with GoFish Technologies, Inc.
        (“GoFish”).

      

      ALSO
        BE
        ADVISED, that in connection with the Offering, the Company provided you with
        a
        Confidential Private Placement Memorandum dated October 3, 2006 which the
        Company undertook to supplement with additional information, including the
        audited financial statements of GoFish, and that the Company has completed
        the
        Supplemental Confidential Private Placement Memorandum dated October 19,
        2006
        (the “Supplemental Memorandum”) and has provided you with such Supplemental
        Memorandum herewith.

      

      ALSO
        BE
        ADVISED, that the Registration Right Agreement which was provided to you
        in
        connection with the Offering has been revised such that it now allows investors
        to rely on “access equals delivery” with respect to satisfaction of prospectus
        delivery requirements of Rule 172 promulgated under the Securities Act of
        1933,
        as amended, and that such revised agreement has been provided to you herewith.
        With such revisions, the relevant portions of Section 4 entitled “Registration
        Procedures” of the Registration Rights Agreement read as follows (with the
        changes marked):

      

      4. Registration
        Procedures.
        The
        Company will keep each Holder reasonably advised as to the filing and
        effectiveness of the Registration Statement. At its expense with respect
        to the
        Registration Statement, the Company will...

       

      (h) as
        promptly as practicable after becoming aware of such event, notify each Holder
        of Registrable Securities being offered or sold pursuant to the Registration
        Statement of the issuance by the Commission of any stop order or other
        suspension of effectiveness of the Registration Statement
        or any pending proceeding against the Company under Section 8A of the Securities
        Act in connection with the offering of the Registrable
        Securities;...

       

      (n) file
        electronically on EDGAR the Registration Statement and all amendments and
        supplements thereto...

       

      ALSO
        BE
        ADVISED, that if you are interested in continuing your participation in the
        Offering pursuant to the subscription documents that you have already submitted,
        YOU
        MUST execute this Consent and Acknowledgment form and return the executed
        form
        via facsimile or electronic mail to the escrow agent no later than 5:00 p.m.
        EST
        on Tuesday, October 24, 2006. In the event that the escrow agent does not
        receive an executed Consent and Acknowledgment form you by such date and
        time,
        your subscription will be deemed cancelled and the purchase price submitted
        with
        your subscription agreement, if any, will be returned to
        you.

      

      
        	 	
                Escrow
                  Agent:

              	
                McGuireWoods
                  LLP

              
	 	 	
                Attn:
                  Nova D. Harb

              
	 	 	
                Facsimile
                  Number: 904.798.3260

              
	 	 	
                Telephone
                  Number: 904.798.2639

              
	 	 	
                nharb@mcguirewoods.com

              

      

      

      The
        undersigned subscriber acknowledges receipt of the Supplemental Memorandum
        and
        the revised Registration Rights Agreement provided by the Company, has had
        an
        opportunity to review each and by its execution of such Consent and
        Acknowledgement hereby elects to continue its participation in the
        Offering.

      

      
        	
                INVESTOR
                  (individual)

              	 	
                INVESTOR
                  (entity)

              
	 	 	 
	
                ______________________________________

              	 	
                ____________________________________

              
	
                Signature

              	 	
                Name
                  of Entity

              
	 	 	 
	
                ______________________________________

              	 	
                ____________________________________

              
	
                Print
                  Name

              	 	
                Signature

              
	 	 	 
	 	 	
                Print
                  Name: __________________________

              
	 	 	
                Title:
                  ________________________________Unassociated Document

    EXHIBIT
      10.4

    SPLIT-OFF
      AGREEMENT

    

    SPLIT-OFF
      AGREEMENT,
      dated
      as of this 27th day of October, 2006 (this “Agreement”), by and among GoFish
      Corporation (f/k/a Unibio Inc.), a Nevada corporation (“Seller”), Dianxiang
      Wu
      (“Wu”),
Jianhua
      Xue
      (“Xue”)
      (Wu and Xue are collectively referred to as “Buyer”), GF Leaseco, Inc., a Nevada
      corporation (“Leaseco”), GoFish Technologies, Inc., a California corporation
      (“GF”), and Internet Television Distribution Inc., a Delaware corporation
      (“ITD”).

     

    RECITALS:

    

    WHEREAS, Seller
      is
      the owner of all of the issued and outstanding capital stock of Leaseco. Leaseco
      is a newly-formed wholly owned subsidiary of Seller which was organized to
      acquire, and has so acquired, the business assets and liabilities previously
      held by Seller. Seller has no other businesses or operations;

    

    WHEREAS,
      prior
      to the execution of this Agreement, Seller, GF, a newly-formed wholly-owned
      California subsidiary of Seller, GF Acquisition Corp. (“GF Acquisition Corp.”),
      and a newly-formed wholly-owned Delaware subsidiary of Seller, ITD Acquisition
      Corp. (“ITD Acquisition Corp.” and, collectively with GF Acquisition Corp.,
“Acquisition Corp.”) have entered into an Agreement and Plan of Merger and
      Reorganization (the “Merger Agreement”) pursuant to which (i) GF Acquisition
      Corp. merged with and into GF with GF being the surviving entity (the “Merger”),
      and the equity holders of GF received shares of common stock in Seller in
      exchange for their equity interests in GF and (ii) ITD Acquisition Corp. merged
      with and into ITD with ITD being the surviving entity (the “Merger”), and the
      sole stockholder of ITD received shares of common stock in Seller in exchange
      for its equity interests in ITD;

    

    WHEREAS,
      the
      execution and delivery of this Agreement was required by GF and ITD as a
      condition subsequent to their execution of the Merger Agreement. The
      consummation of the purchase and sale transaction contemplated by this Agreement
      was also a condition subsequent to the completion of the Merger pursuant to
      the
      Merger Agreement. Seller has represented to GF and ITD in the Merger Agreement
      that the purchase and sale transaction contemplated by this Agreement would
      be
      consummated as soon as practicable following the consummation of the Merger,
      and
      GF and ITD relied on such representation in entering into the Merger
      Agreement;

    

    WHEREAS,
      Buyer
      desires to purchase the Shares (as defined in Section
      1.1)
      from
      Seller, and to assume, as between Seller and Buyer, all responsibilities for
      any
      debts, obligations and liabilities of Leaseco, on the terms and subject to
      the
      conditions specified in this Agreement; and

    

    WHEREAS,
      Seller
      desires to sell and transfer the Shares to the Buyer, on the terms and subject
      to the conditions specified in this Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    NOW,
      THEREFORE,
      in
      consideration of the premises and the covenants, promises, and agreements herein
      set forth and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto, intending
      legally to be bound, agree as follows.

    

    I. PURCHASE
      AND SALE OF STOCK.

     

    1.1 Purchased
      Shares.
      Subject
      to the terms and conditions provided below, Seller shall sell and transfer
      to
      Buyer and Buyer shall purchase from Seller, on the Closing Date (as defined
      in
Section
      1.3),
      all
      the issued and outstanding shares of capital stock of Leaseco (the
“Shares”).

     

    1.2 Purchase
      Price.
      The
      purchase price for the Shares shall be the transfer and delivery by each of
      Wu
      and Xue to Seller of 4,583,333 shares of common stock of Seller that each of
      them owns, or an aggregate of 9,166,666 shares (the “Purchase Price Shares”),
      deliverable as provided in Section
      2.2.

     

    1.3 Closing.
      The
      closing of the transactions contemplated in this Agreement (the “Closing”) shall
      take place as soon as practicable following the execution of this Agreement.
      The
      date on which the Closing occurs shall be referred to herein as the Closing
      Date
      (the “Closing Date”).

     

    II. CLOSING.

     

    2.1 Transfer
      of Shares.
      At the
      Closing, Seller shall deliver to Buyer certificates representing the Shares,
      duly endorsed to Buyer or as directed by Buyer, which delivery shall vest Buyer
      with good and marketable title to all of the issued and outstanding shares
      of
      capital stock of Leaseco, free and clear of all liens and
      encumbrances.

     

    2.2 Payment
      of Purchase Price.
      At the
      Closing, Buyer shall deliver to Seller a certificate or certificates
      representing the Purchase Price Shares duly endorsed to Seller, which delivery
      shall vest Seller with good and marketable title to the Purchase Price Shares,
      free and clear of all liens and encumbrances.

     

    2.3 Transfer
      of Records.
      On or
      before the Closing, Seller shall arrange for transfer to Leaseco all existing
      corporate books and records in Seller’s possession relating to Leaseco and its
      business, including but not limited to all agreements, litigation files, real
      estate files, personnel files and filings with governmental agencies;
provided,
      however,
      when
      any such documents relate to both Seller and Leaseco, only copies of such
      documents need be furnished. On or before the Closing, Buyer and Leaseco shall
      transfer to Seller all existing corporate books and records in the possession
      of
      Buyer or Leaseco relating to Seller, including but not limited to all corporate
      minute books, stock ledgers, certificates and corporate seals of Seller and
      all
      agreements, litigation files, real property files, personnel files and filings
      with governmental agencies; provided,
      however,
      when
      any such documents relate to both Seller and Leaseco or its business, only
      copies of such documents need be furnished.

    
      
        
        

      

      
        -2-

        
          

        

      

       

    

     

    III. BUYER’S
      REPRESENTATIONS AND WARRANTIES.
      Buyer
      represents and warrants to Seller, GF and ITD that:

     

    3.1 Capacity
      and Enforceability.
      Buyer
      has the legal capacity to execute and deliver this Agreement and the documents
      to be executed and delivered by Buyer at the Closing pursuant to the
      transactions contemplated hereby. This Agreement and all such documents
      constitute valid and binding agreements of Buyer, enforceable in accordance
      with
      their terms.

     

    3.2 Compliance.
      Neither
      the execution and delivery of this Agreement nor the consummation of the
      transactions contemplated hereby by Buyer will result in the breach of any
      term
      or provision of, or constitute a default under, or violate any agreement,
      indenture, instrument, order, law or regulation to which Buyer is a party or
      by
      which Buyer is bound.

     

    3.3 Purchase
      for Investment.
      Buyer
      is financially able to bear the economic risks of acquiring an interest in
      Leaseco and the other transactions contemplated hereby, and has no need for
      liquidity in this investment. Buyer has such knowledge and experience in
      financial and business matters in general and with respect to businesses of
      a
      nature similar to the business of Leaseco so as to be capable of evaluating
      the
      merits and risks of, and making an informed business decision with regard to,
      the acquisition of the Shares. Buyer is acquiring the Shares solely for his
      own
      account and not with a view to or for resale in connection with any distribution
      or public offering thereof, within the meaning of any applicable securities
      laws
      and regulations, unless such distribution or offering is registered under the
      Securities Act of 1933, as amended (the “Securities Act”), or an exemption from
      such registration is available. Buyer has (i) received all the information
      he has deemed necessary to make an informed investment decision with respect
      to
      the acquisition of the Shares; (ii) had an opportunity to make such
      investigation as he has desired pertaining to Leaseco and the acquisition of
      an
      interest therein and to verify the information which is, and has been, made
      available to him; and (iii) had the opportunity to ask questions of Seller
      concerning Leaseco. Buyer acknowledges that Buyer is an officer and director
      of
      Seller and Leaseco and, as such, has actual knowledge of the business,
      operations and financial affairs of Leaseco. Buyer has received no public
      solicitation or advertisement with respect to the offer or sale of the Shares.
      Buyer realizes that the Shares are “restricted securities” as that term is
      defined in Rule 144 promulgated by the Securities and Exchange Commission under
      the Securities Act, the resale of the Shares is restricted by federal and state
      securities laws and, accordingly, the Shares must be held indefinitely unless
      their resale is subsequently registered under the Securities Act or an exemption
      from such registration is available for their resale. Buyer understands that
      any
      resale of the Shares by him must be registered under the Securities Act (and
      any
      applicable state securities law) or be effected in circumstances that, in the
      opinion of counsel for Leaseco at the time, create an exemption or otherwise
      do
      not require registration under the Securities Act (or applicable state
      securities laws). Buyer acknowledges and consents that certificates now or
      hereafter issued for the Shares will bear a legend substantially as
      follows:

     

    THE
      SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR QUALIFIED UNDER
      ANY APPLICABLE STATE SECURITIES LAWS (THE “STATE ACTS”), HAVE BEEN ACQUIRED FOR
      INVESTMENT AND MAY NOT BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED
      EXCEPT PURSUANT TO A REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND
      QUALIFICATION UNDER THE STATE ACTS OR EXEMPTIONS FROM SUCH REGISTRATION OR
      QUALIFICATION REQUIREMENTS (INCLUDING, IN THE CASE OF THE SECURITIES ACT, THE
      EXEMPTIONS AFFORDED BY SECTION 4(1) OF THE SECURITIES ACT AND RULE 144
      THEREUNDER). AS A PRECONDITION TO ANY SUCH TRANSFER, THE ISSUER OF THESE
      SECURITIES SHALL BE FURNISHED WITH AN OPINION OF COUNSEL OPINING AS TO THE
      AVAILABILITY OF EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION AND/OR
      SUCH
      OTHER EVIDENCE AS MAY BE SATISFACTORY THERETO THAT ANY SUCH TRANSFER WILL NOT
      VIOLATE THE SECURITIES LAWS.

    
      
        
        

      

      
        -3-

        
          

        

      

       

    

     

    Buyer
      understands that the Shares are being sold to him pursuant to the exemption
      from
      registration contained in Section 4(1) of the Securities Act and that the Seller
      is relying upon the representations made herein as one of the bases for claiming
      the Section 4(1) exemption. 

     

    3.4 Liabilities.
      Following the Closing, Seller will have no liability for any debts, liabilities
      or obligations of Leaseco or its business or activities, and there are no
      outstanding guaranties, performance or payment bonds, letters of credit or
      other
      contingent contractual obligations that have been undertaken by Seller directly
      or indirectly in relation to Leaseco or its business and that may survive the
      Closing. 

     

    3.5 Title
      to Purchase Price Shares.
      Buyer
      is the sole record and beneficial owner of the Purchase Price Shares. At
      Closing, Buyer will have good and marketable title to the Purchase Price Shares,
      which Purchase Price Shares are, and at the Closing will be, free and clear
      of
      all options, warrants, pledges, claims, liens, and encumbrances and any
      restrictions or limitations prohibiting or restricting transfer to Seller,
      except for restrictions on transfer as contemplated by applicable securities
      laws. 

     

    IV. SELLER’S
      AND LEASECO’S REPRESENTATIONS AND WARRANTIES.
      Seller
      and Leaseco, jointly and severally, represent and warrant to Buyer
      that:

     

    4.1 Organization
      and Good Standing.
      Seller
      is a corporation duly incorporated, validly existing, and in good standing
      under
      the laws of the State of Nevada. Leaseco is a corporation duly incorporated,
      validly existing and in good standing under the laws of the State of
      Nevada.

     

    4.2 Authority
      and Enforceability.
      The
      execution and delivery of this Agreement and the documents to be executed and
      delivered at the Closing pursuant to the transactions contemplated hereby,
      and
      performance in accordance with the terms hereof and thereof, have been duly
      authorized by Seller and all such documents constitute the valid and binding
      agreements of Seller enforceable in accordance with their terms.

     

    4.3 Title
      to Shares.
      Seller
      is the sole record and beneficial owner of the Shares. At Closing, Seller will
      have good and marketable title to the Shares, which Shares are, and at the
      Closing will be, free and clear of all options, warrants, pledges, claims,
      liens
      and encumbrances, and any restrictions or limitations prohibiting or restricting
      transfer to Buyer, except for restrictions on transfer as contemplated by
Section
      3.3
      above.
      The Shares constitute all of the issued and outstanding shares of capital stock
      of Leaseco.

    
      
        
        

      

      
        -4-

        
          

        

      

       

    

     

    4.4 WARN
      Act.
      Leaseco
      does not have a sufficient number of employees to make it subject to the Worker
      Adjustment and Retraining Notification Act (“WARN Act”).

     

    4.5 Representations
      in Merger Agreement.
      Leaseco
      represents and warrants that all of the representations and warranties by
      Seller, insofar as they relate to Leaseco, contained in the Merger Agreement
      are
      true and correct.

     

    V. OBLIGATIONS
      OF BUYER PENDING CLOSING.
      Buyer
      covenants and agrees that between the date hereof and the Closing:

     

    5.1 Not
      Impair Performance.
      Buyer
      shall not take any intentional action that would cause the conditions upon
      the
      obligations of the parties hereto to effect the transactions contemplated hereby
      not to be fulfilled, including, without limitation, taking or causing to be
      taken any action that would cause the representations and warranties made by
      any
      party herein not to be true, correct and accurate as of the Closing, or in
      any
      way impairing the ability of Seller to satisfy its obligations as provided
      in
Article
      VI.

     

    5.2 Assist
      Performance.
      Buyer
      shall exercise its reasonable best efforts to cause to be fulfilled those
      conditions precedent to Seller’s obligations to consummate the transactions
      contemplated hereby which are dependent upon actions of Buyer and to make and/or
      obtain any necessary filings and consents in order to consummate the sale
      transaction contemplated by this Agreement.

     

    VI. OBLIGATIONS
      OF SELLER PENDING CLOSING.
      Seller
      covenants and agrees that between the date hereof and the Closing:

     

    6.1 
      Business as Usual.
      Leaseco
      shall operate and Seller shall cause Leaseco to operate in accordance with
      past
      practices and shall use best efforts to preserve its goodwill and the goodwill
      of its employees, customers and others having business dealings with Leaseco.
      Without limiting the generality of the foregoing, from the date of this
      Agreement until the Closing Date, Leaseco shall (a) make all normal and
      customary repairs to its equipment, assets and facilities, (b) keep in
      force all insurance, (c) preserve in full force and effect all material
      franchises, licenses, contracts and real property interests and comply in all
      material respects with all laws and regulations, (d) collect all accounts
      receivable and pay all trade creditors in the ordinary course of business at
      intervals historically experienced, and (e) preserve and maintain Leaseco’s
      assets in their current operating condition and repair, ordinary wear and tear
      excepted. Leaseco shall not (i) amend, terminate or surrender any material
      franchise, license, contract or real property interest, or (ii) sell or
      dispose of any of its assets except in the ordinary course of business. Neither
      Leaseco nor Buyer shall take or omit to take any action that results in Seller
      incurring any liability or obligation prior to or in connection with the
      Closing.

    
      
        
        

      

      
        -5-

        
          

        

      

       

    

     

    6.2 Not
      Impair Performance.
      Seller
      shall not take any intentional action that would cause the conditions upon
      the
      obligations of the parties hereto to effect the transactions contemplated hereby
      not to be fulfilled, including, without limitation, taking or causing to be
      taken any action which would cause the representations and warranties made
      by
      any party herein not to be materially true, correct and accurate as of the
      Closing, or in any way impairing the ability of Buyer to satisfy his obligations
      as provided in Article
      V.

     

    6.3 Assist
      Performance.
      Seller
      shall exercise its reasonable best efforts to cause to be fulfilled those
      conditions precedent to Buyer’s obligations to consummate the transactions
      contemplated hereby which are dependent upon the actions of Seller and to work
      with Buyer to make and/or obtain any necessary filings and consents. Seller
      shall cause Leaseco to comply with its obligations under this
      Agreement.

     

    VII. SELLER’S
      AND LEASECO’S CONDITIONS PRECEDENT TO CLOSING.
      The
      obligations of Seller and Leaseco to close the transactions contemplated by
      this
      Agreement are subject to the satisfaction at or prior to the Closing of each
      of
      the following conditions precedent (any or all of which may be waived by Seller
      GF and ITD in writing):

     

    7.1 Representations
      and Warranties; Performance.
      All
      representations and warranties of Buyer contained in this Agreement shall have
      been true and correct, in all material respects, when made and shall be true
      and
      correct, in all material respects, at and as of the Closing, with the same
      effect as though such representations and warranties were made at and as of
      the
      Closing. Buyer shall have performed and complied with all covenants and
      agreements and satisfied all conditions, in all material respects, required
      by
      this Agreement to be performed or complied with or satisfied by Buyer at or
      prior to the Closing.

     

    7.2 Additional
      Documents.
      Buyer
      shall deliver or cause to be delivered such additional documents as may be
      necessary in connection with the consummation of the transactions contemplated
      by this Agreement and the performance of their obligations
      hereunder.

     

    7.3 Release
      by Leaseco.
      At the
      Closing, Leaseco shall execute and deliver to Seller, GF and ITD and a general
      release which in substance and effect releases Seller, GF and ITD from any
      and
      all liabilities and obligations that Seller, GF and ITD may owe to Leaseco
      in
      any capacity and from any and all claims that Leaseco may have against Seller,
      GF, ITD or their respective managers, members, officers, directors,
      stockholders, employees and agents (other than those arising pursuant to this
      Agreement or any document delivered in connection with this
      Agreement).

     

    VIII. BUYER’S
      CONDITIONS PRECEDENT TO CLOSING.
      The
      obligation of Buyer to close the transactions contemplated by this Agreement
      is
      subject to the satisfaction at or prior to the Closing of each of the following
      conditions precedent (any and all of which may be waived by Buyer in
      writing):

     

    8.1 Representations
      and Warranties; Performance.
      All
      representations and warranties of Seller and Leaseco contained in this Agreement
      shall have been true and correct, in all material respects, when made and shall
      be true and correct, in all material respects, at and as of the Closing with
      the
      same effect as though such representations and warranties were made at and
      as of
      the Closing. Seller and Leaseco shall have performed and complied with all
      covenants and agreements and satisfied all conditions, in all material respects,
      required by this Agreement to be performed or complied with or satisfied by
      them
      at or prior to the Closing.

    
      
        
        

      

      
        -6-

        
          

        

      

       

    

     

    IX. OTHER
      AGREEMENTS.

     

    9.1 Expenses.
      Each
      party hereto shall bear its expenses separately incurred in connection with
      this
      Agreement and with the performance of its obligations hereunder.

     

    9.2 Confidentiality.
      The
      parties hereto shall not make any public announcements concerning this
      transaction other than in accordance with mutual agreement reached prior to
      any
      such announcement(s) and other than as may be required by applicable law or
      judicial process. If for any reason the transactions contemplated hereby are
      not
      consummated, then Buyer shall return any information received by Buyer from
      Seller or Leaseco, and Buyer shall cause all confidential information obtained
      by Buyer concerning Leaseco and its business to be treated as such.

     

    9.3 Brokers’
      Fees.
      No
      party to this Agreement has employed the services of a broker and each agrees
      to
      indemnify the other against all claims of any third parties for fees and
      commissions of any brokers claiming a fee or commission related to the
      transactions contemplated hereby.

     

    9.4 Access
      to Information Post-Closing; Cooperation.
      

     

    (a) Following
      the Closing, Buyer and Leaseco shall afford to Seller and its authorized
      accountants, counsel, and other designated representatives reasonable access
      (and including using reasonable efforts to give access to persons or firms
      possessing information) and duplicating rights during normal business hours
      to
      allow records, books, contracts, instruments, computer data and other data
      and
      information (collectively, “Information”) within the possession or control of
      Buyer or Leaseco insofar as such access is reasonably required by Seller.
      Information may be requested under this Section
      9.4(a)
      for,
      without limitation, audit, accounting, claims, litigation and tax purposes,
      as
      well as for purposes of fulfilling disclosure and reporting obligations and
      performing this Agreement and the transactions contemplated hereby. No files,
      books or records of Leaseco existing at the Closing Date shall be destroyed
      by
      Buyer or Leaseco after Closing but prior to the expiration of any period during
      which such files, books or records are required to be maintained and preserved
      by applicable law without giving the Seller at least 30 days’ prior written
      notice, during which time Seller shall have the right to examine and to remove
      any such files, books and records prior to their destruction.

     

    (b) Following
      the Closing, Seller shall afford to Leaseco and its authorized accountants,
      counsel and other designated representatives reasonable access (including using
      reasonable efforts to give access to persons or firms possessing information)
      duplicating rights during normal business hours to Information within Seller’s
      possession or control relating to the business of Leaseco. Information may
      be
      requested under this Section
      9.4(b)
      for,
      without limitation, audit, accounting, claims, litigation and tax purposes
      as
      well as for purposes of fulfilling disclosure and reporting obligations and
      for
      performing this Agreement and the transactions contemplated hereby. No files,
      books or records of Leaseco existing at the Closing Date shall be destroyed
      by
      Seller after Closing but prior to the expiration of any period during which
      such
      files, books or records are required to be maintained and preserved by
      applicable law without giving the Buyer at least 30 days prior written notice,
      during which time Buyer shall have the right to examine and to remove any such
      files, books and records prior to their destruction.

    
      
        
        

      

      
        -7-

        
          

        

      

       

    

     

    (c) At
      all
      times following the Closing, Seller, Buyer and Leaseco shall use reasonable
      efforts to make available to the other party on written request, the current
      and
      former officers, directors, employees and agents of Seller or Leaseco for any
      of
      the purposes set forth in Section
      9.4(a) or (b)
      above or
      as witnesses to the extent that such persons may reasonably be required in
      connection with any legal, administrative or other proceedings in which Seller
      or Leaseco may from time to be involved.

     

    (d) The
      party
      to whom any Information or witnesses are provided under this Section
      9.4
      shall
      reimburse the provider thereof for all out-of-pocket expenses actually and
      reasonably incurred in providing such Information or witnesses.

     

    (e) Seller,
      Buyer, Leaseco and their respective employees and agents shall each hold in
      strict confidence all Information concerning the other party in their possession
      or furnished by the other or the other’s representative pursuant to this
      Agreement with the same degree of care as such party utilizes as to such party’s
      own confidential information (except to the extent that such Information is
      (i) in the public domain through no fault of such party or (ii) later
      lawfully acquired from any other source by such party), and each party shall
      not
      release or disclose such Information to any other person, except such party’s
      auditors, attorneys, financial advisors, bankers, other consultants and advisors
      or persons with whom such party has a valid obligation to disclose such
      Information, unless compelled to disclose such Information by judicial or
      administrative process or, as advised by its counsel, by other requirements
      of
      law.

     

    (f) Seller,
      Buyer and Leaseco shall each use their best efforts to forward promptly to
      the
      other party all notices, claims, correspondence and other materials which are
      received and determined to pertain to the other party.

     

    9.5 Guarantees,
      Surety Bonds and Letter of Credit Obligations.
      In the
      event that Seller is obligated for any debts, obligations or liabilities of
      Leaseco by virtue of any outstanding guarantee, performance or surety bond
      or
      letter of credit provided or arranged by Seller on or prior to the Closing
      Date,
      Buyer and Leaseco shall use best efforts to cause to be issued replacements
      of
      such bonds, letters of credit and guarantees and to obtain any amendments,
      novations, releases and approvals necessary to release and discharge fully
      Seller from any liability thereunder following the Closing. Buyer and Leaseco,
      jointly and severally, shall be responsible for, and shall indemnify, hold
      harmless and defend Seller from and against, any costs or losses incurred by
      Seller arising from such bonds, letters of credits and guarantees and any
      liabilities arising therefrom and shall reimburse Seller for any payments that
      Seller may be required to pay pursuant to enforcement of its obligations
      relating to such bonds, letters of credit and guarantees.

    
      
        
        

      

      
        -8-

        
          

        

      

       

    

     

    9.6 Filings
      and Consents.
      Buyer,
      at its risk, shall determine what, if any, filings and consents must be made
      and/or obtained prior to Closing to consummate the purchase and sale of the
      Shares. Buyer shall indemnify the Seller Indemnified Parties (as defined in
      Section
      11.1
      below)
      against any Losses (as defined in Section
      11.1
      below)
      incurred by any Seller Indemnified Parties by virtue of the failure to make
      and/or obtain any such filings or consents. Recognizing that the failure to
      make
      and/or obtain any filings or consents may cause Seller to incur Losses or
      otherwise adversely affect Seller, Buyer and Leaseco confirm that the provisions
      of this Section
      9.6
      will not
      limit Seller’s right to treat such failure as the failure of a condition
      precedent to Seller’s obligation to close pursuant to Article
      VII
      above.

     

    9.7 Insurance.
      Buyer
      acknowledges that on the Closing Date, effective as of the Closing, all
      insurance coverage and bonds provided by Seller for Leaseco, and all
      certificates of insurance evidencing that Leaseco maintains any required
      insurance by virtue of insurance provided by Seller, will terminate with respect
      to any insured damages resulting from matters occurring subsequent to Closing.
      

     

    9.8 Agreements
      Regarding Taxes.
      

     

    (a)
      Tax
      Sharing Agreements.
      Any tax
      sharing agreement between Seller and Leaseco is terminated as of the Closing
      Date and will have no further effect for any taxable year (whether the current
      year, a future year, or a past year).

     

    (b)
      Returns
      for Periods Through the Closing Date.
      Seller
      will include the income and loss of Leaseco (including any deferred income
      triggered into income by Reg. §1.1502-13 and any excess loss accounts taken into
      income under Reg. §1.1502-19) on Seller’s consolidated federal income tax
      returns for all periods through the Closing Date and pay any federal income
      taxes attributable to such income. Seller and Leaseco agree to allocate income,
      gain, loss, deductions and credits between the period up to Closing (the
“Pre-Closing Period”) and the period after Closing (the “Post-Closing Period”)
      based on a closing of the books of Leaseco and both Seller and Leaseco agree
      not
      to make an election under Reg. §1.1502-76(b)(2)(ii) to ratably allocate the
      year’s items of income, gain, loss, deduction and credit. Seller, Leaseco and
      Buyer agree to report all transactions not in the ordinary course of business
      occurring on the Closing Date after Buyer’s purchase of the Shares on Leaseco’s
      tax returns to the extent permitted by Reg. §1.1502-76(b)(1)(ii)(B). Buyer
      agrees to indemnify Seller for any additional tax owed by Seller (including
      tax
      owned by Seller due to this indemnification payment) resulting from any
      transaction engaged in by Leaseco during the Pre-Closing Period or on the
      Closing Date after Buyer’s purchase of the Shares. Leaseco will furnish tax
      information to Seller for inclusion in Seller’s consolidated federal income tax
      return for the period which includes the Closing Date in accordance with
      Leaseco’s past custom and practice.

     

    (c)
      Audits.
      Seller
      will allow Leaseco and its counsel to participate at Leaseco’s expense in any
      audits of Seller’s consolidated federal income tax returns to the extent that
      such audit raises issues that relate to and increase the tax liability of
      Leaseco. Seller shall have the absolute right, in its sole discretion, to engage
      professionals and direct the representation of Seller in connection with any
      such audit and the resolution thereof, without receiving the consent of Buyer
      or
      Leaseco or any other party acting on behalf of Buyer or Leaseco, provided that
      Seller will not settle any such audit in a manner which would materially
      adversely affect Leaseco after the Closing Date unless such settlement would
      be
      reasonable in the case of a person that owned Leaseco both before and after
      the
      Closing Date. In the event that after Closing any tax authority informs the
      Buyer or Leaseco of any notice of proposed audit, claim, assessment, or other
      dispute concerning an amount of taxes which pertain to the Seller, or to Leaseco
      during the period prior to Closing, Buyer or Leaseco must promptly notify the
      Seller of the same within 15 calendar days of the date of the notice from the
      tax authority. In the event Buyer or Leaseco does not notify the Seller within
      such 15 day period, Buyer and Leaseco, jointly and severally, will indemnify
      the
      Seller for any incremental interest, penalty or other assessments resulting
      from
      the delay in giving notice. To the extent of any conflict or inconsistency,
      the
      provisions of this Section 9.8 shall control over the provisions of Section
      11.2
      below.

    
      
        
        

      

      
        -9-

        
          

        

      

       

    

     

    (d)
      Cooperation
      on Tax Matters.
      Buyer,
      Seller and Leaseco shall cooperate fully, as and to the extent reasonably
      requested by the other party, in connection with the filing of tax returns
      pursuant to this Section and any audit, litigation or other proceeding with
      respect to taxes. Such cooperation shall include the retention and (upon the
      other party’s request) the provision of records and information which are
      reasonably relevant to any such audit, litigation or other proceeding and making
      employees available on a mutually convenient basis to provide additional
      information and explanation of any material provided hereunder. Leaseco shall
      (i) retain all books and records with respect to tax matters pertinent to
      Leaseco relating to any taxable period beginning before the Closing Date until
      the expiration of the statute of limitations (and, to the extent notified by
      Seller, any extensions thereof) of the respective taxable periods, and to abide
      by all record retention agreements entered into with any taxing authority,
      and
      (ii) give Seller reasonable written notice prior to transferring,
      destroying or discarding any such books and records and, if the Seller so
      requests, Buyer agrees to cause Leaseco to allow Seller to take possession
      of
      such books and records.

     

    9.9 ERISA.
      Effective as of the Closing Date, Leaseco shall terminate its participation
      in,
      and withdraw from, all employee benefit plans sponsored by Seller, and Seller
      and Buyer shall cooperate fully in such termination and withdrawal. Without
      limitation, Leaseco shall be solely responsible for (i) all liabilities
      under those employee benefit plans notwithstanding any status as an employee
      benefit plan sponsored by Seller, and (ii) all liabilities for the payment
      of vacation pay, severance benefits, and similar obligations, including, without
      limitation, amounts which are accrued but unpaid as of the Closing Date with
      respect thereto. Buyer and Leaseco acknowledge that Leaseco is solely
      responsible for providing continuation health coverage, as required under the
      Consolidated Omnibus Reconciliation Act of 1985, as amended (“COBRA”), to each
      person, if any, participating in an employee benefit plan subject to COBRA
      with
      respect to such employee benefit plan as of the Closing Date, including, without
      limitation, any person whose employment with Leaseco is terminated after the
      Closing Date.

    
      
        
        

      

      
        -10-

        
          

        

      

       

    

     

    X. TERMINATION.
      This
      Agreement may be terminated at, or at any time prior to, the Closing by mutual
      written consent of Seller, Buyer, GF and ITD.

     

    If
      this
      Agreement is terminated as provided herein, it shall become wholly void and
      of
      no further force and effect and there shall be no further liability or
      obligation on the part of any party except to pay such expenses as are required
      of such party.

     

    XI. INDEMNIFICATION.

     

    11.1 Indemnification
      by Buyer.
      Buyer
      covenants and agrees to indemnify, defend, protect and hold harmless Seller,
      and
      its officers, directors, employees, stockholders, agents, representatives and
      affiliates (collectively, together with Seller, the “Seller Indemnified
      Parties”) at all times from and after the date of this Agreement from and
      against all losses, liabilities, damages, claims, actions, suits, proceedings,
      demands, assessments, adjustments, costs and expenses (including specifically,
      but without limitation, reasonable attorneys’ fees and expenses of
      investigation), whether or not involving a third party claim and regardless
      of
      any negligence of any Seller Indemnified Party (collectively, “Losses”),
      incurred by any Seller Indemnified Party as a result of or arising from
      (i) any breach of the representations and warranties of Buyer set forth
      herein or in certificates delivered in connection herewith, (ii) any breach
      or nonfulfillment of any covenant or agreement (including any other agreement
      of
      Buyer to indemnify Seller set forth in this Agreement) on the part of Buyer
      under this Agreement, (iii) any debt, liability or obligation of Leaseco,
      (iv) the conduct and operations of the business of Leaseco whether before
      or after Closing, (v) claims asserted against Leaseco whether before or
      after Closing, or (vi) any federal or state income tax payable by Seller
      and attributable to the transaction contemplated by this Agreement.

     

    11.2 Third
      Party Claims.

     

    (a) Defense.
      If any
      claim or liability (a “Third-Party Claim”) should be asserted against any of the
      Seller Indemnified Parties (the “Indemnitee”) by a third party after the Closing
      for which Buyer has an indemnification obligation under the terms of
Section
      11.1,
      then
      the Indemnitee shall notify Buyer and Leaseco (the “Indemnitor”) within 20 days
      after the Third-Party Claim is asserted by a third party (said notification
      being referred to as a “Claim Notice”) and give the Indemnitor a reasonable
      opportunity to take part in any examination of the books and records of the
      Indemnitee relating to such Third-Party Claim and to assume the defense of
      such
      Third-Party Claim and in connection therewith and to conduct any proceedings
      or
      negotiations relating thereto and necessary or appropriate to defend the
      Indemnitee and/or settle the Claim. The expenses (including reasonable
      attorneys’ fees) of all negotiations, proceedings, contests, lawsuits or
      settlements with respect to any Third-Party Claim shall be borne by the
      Indemnitor. If the Indemnitor agrees to assume the defense of any Third-Party
      Claim in writing within 20 days after the Claim Notice of such Third-Party
      Claim
      has been delivered, through counsel reasonably satisfactory to Indemnitee,
      then
      the Indemnitor shall be entitled to control the conduct of such defense, and
      any
      decision to settle such Third-Party Claim, and shall be responsible for any
      expenses of the Indemnitee in connection with the defense of such Third-Party
      Claim so long as the Indemnitor continues such defense until the final
      resolution of such Third-Party Claim. The Indemnitor shall be responsible for
      paying all settlements made or judgments entered with respect to any Third-Party
      Claim the defense of which has been assumed by the Indemnitor. Except as
      provided on subsection (b) below, both the Indemnitor and the Indemnitee must
      approve any settlement of a Third Party Claim. A failure by the Indemnitee
      to
      timely give the Claim Notice shall not excuse Indemnitor from any
      indemnification liability except only to the extent that the Indemnitor is
      materially and adversely prejudiced by such failure.

    
      
        
        

      

      
        -11-

        
          

        

      

       

    

     

    (b) Failure
      to Defend.
      If the
      Indemnitor shall not agree to assume the defense of any Third-Party Claim in
      writing within 20 days after the Claim Notice of such Third-Party Claim has
      been
      delivered, or shall fail to continue such defense until the final resolution
      of
      such Third-Party Claim, then the Indemnitee may defend against such Third-Party
      Claim in such manner as it may deem appropriate and the Indemnitee may settle
      such Third-Party Claim on such terms as it may deem appropriate. The Indemnitor
      shall promptly reimburse the Indemnitee for the amount of all settlement
      payments and expenses, legal and otherwise, incurred by the Indemnitee in
      connection with the defense or settlement of such Third-Party Claim. If no
      settlement of such Third-Party Claim is made, then the Indemnitor shall satisfy
      any judgment rendered with respect to such Third-Party Claim before the
      Indemnitee is required to do so, and pay all expenses, legal or otherwise,
      incurred by the Indemnitee in the defense against such Third-Party
      Claim.

     

    11.3 Non-Third-Party
      Claims.
      Upon
      discovery of any claim for which Buyer has an indemnification obligation under
      the terms of Section
      11.3
      which
      does not involve a claim by a third party against the Indemnitee, the Indemnitee
      shall give prompt notice to Buyer of such claim and, in any case, shall give
      Buyer such notice within 30 days of such discovery. A failure by Indemnitee
      to
      timely give the foregoing notice to Buyer shall not excuse Buyer from any
      indemnification liability except to the extent that Buyer is materially and
      adversely prejudiced by such failure.

     

    11.4 Survival.
      Except
      as otherwise provided in this Section
      11.4,
      all
      representations and warranties made by Buyer, Leaseco and Seller in connection
      with this Agreement shall survive the Closing. Anything in this Agreement to
      the
      contrary notwithstanding, the liability of all Indemnitors under this
Article
      XI
      shall
      terminate on the third (3rd)
      anniversary of the Closing Date, except with respect to (a) liability for
      any item as to which, prior to the third (3rd)
      anniversary of the Closing Date, any Indemnitee shall have asserted a Claim
      in
      writing, which Claim shall identify its basis with reasonable specificity,
      in
      which case the liability for such Claim shall continue until it shall have
      been
      finally settled, decided or adjudicated, (b) liability of any party for
      Losses for which such party has an indemnification obligation, incurred as
      a
      result of such party’s breach of any covenant or agreement to be performed by
      such party after the Closing, (c) liability of Buyer for Losses incurred by
      a Seller Indemnified Party due to breaches of their representations and
      warranties in Article
      III
      of this
      Agreement, and (d) liability of Buyer for Losses arising out of Third-Party
      Claims for which Buyer has an indemnification obligation, which liability shall
      survive until the statute of limitation applicable to any third party’s right to
      assert a Third-Party Claim bars assertion of such claim.

    
      
        
        

      

      
        -12-

        
          

        

      

       

    

     

    XII. MISCELLANEOUS.

     

    12.1 Notices.
      All
      notices and communications required or permitted hereunder shall be in writing
      and deemed given when received by means of the United States mail, addressed
      to
      the party to be notified, postage prepaid and registered or certified with
      return receipt requested, or personal delivery, or overnight courier, as
      follows:

     

    (a) If
      to
      Seller, addressed to:

     

    GoFish
      Corporation

    500
      Third
      Street Suite 260

    San
      Francisco, CA 94107

    Attn:
      Michael Downing, Chief Executive Officer

    

    With
      a
      copy to (which shall not constitute notice hereunder):

     

    McGuireWoods
      LLP

    1345
      Avenue of the Americas

    New
      York,
      NY 10105

    Attn:
      Louis W. Zehil, Esq.

    Facsimile:
      (212) 548-2175

    

    (b) If
      to
      Buyer or Leaseco, addressed to:

     

    Dianxiang
      Wu

    3702
      South Virginia Street, #G12-401

    Reno,
      NV
      89502

    

    With
      a
      copy to (which shall not constitute notice hereunder):

     

    Gottbetter
      & Partners, LLP

    488
      Madison Avenue, 12th
      Floor

    New
      York,
      New York 10022

    Attention:
      Adam S. Gottbetter, Esq.

    Facsimile:
      (212) 400-6901

    

    (c) If
      to GF,
      addressed to:

     

    Go
      Fish
      Technologies, Inc.

    500
      Third
      Street Suite 260

    San
      Francisco, CA 94107

    Attn:
      Michael Downing, Chief Executive Officer

    
      
        
        

      

      
        -13-

        
          

        

      

       

    

     

    With
      a
      copy to (which shall not constitute notice hereunder):

     

    McGuireWoods
      LLP

    1345
      Avenue of the Americas

    New
      York,
      NY 10105

    Attn:
      Louis W. Zehil, Esq.

    Facsimile:
      (212) 548-2175

    

    (d) If
      to
      ITD, addressed to:

     

    Internet
      Television Distribution Inc.

    579
      University Ave.

    Palo
      Alto, Ca. 94301

    Attn.:
      Riaz Valani, President

    

    or
      to
      such other address as any party hereto shall specify pursuant to this
Section
      12.1
      from
      time to time.

     

    12.2 Exercise
      of Rights and Remedies.
      Except
      as otherwise provided herein, no delay of or omission in the exercise of any
      right, power or remedy accruing to any party as a result of any breach or
      default by any other party under this Agreement shall impair any such right,
      power or remedy, nor shall it be construed as a waiver of or acquiescence in
      any
      such breach or default, or of any similar breach or default occurring later;
      nor
      shall any waiver of any single breach or default be deemed a waiver of any
      other
      breach or default occurring before or after that waiver.

     

    12.3 Time.
      Time is
      of the essence with respect to this Agreement.

     

    12.4 Reformation
      and Severability.
      In case
      any provision of this Agreement shall be invalid, illegal or unenforceable,
      it
      shall, to the extent possible, be modified in such manner as to be valid, legal
      and enforceable but so as to most nearly retain the intent of the parties,
      and
      if such modification is not possible, such provision shall be severed from
      this
      Agreement, and in either case the validity, legality and enforceability of
      the
      remaining provisions of this Agreement shall not in any way be affected or
      impaired thereby.

     

    12.5 Further
      Acts.
      Seller,
      Buyer and Leaseco shall execute any and all documents and perform such other
      acts which may be reasonably necessary to effectuate the purposes of this
      Agreement.

     

    12.6 Entire
      Agreement; Amendments.
      This
      Agreement contains the entire understanding of the parties relating to the
      subject matter contained herein. This Agreement cannot be amended or changed
      except through a written instrument signed by all of the parties hereto,
      including GF and ITD. No provisions of this Agreement or any rights hereunder
      may be waived by any party without the prior written consent of GF and
      ITD.

     

    12.7 Assignment.
      No
      party may assign his or its rights or obligations hereunder, in whole or in
      part, without the prior written consent of the other parties.

    
      
        
        

      

      
        -14-

        
          

        

      

       

    

     

    12.8 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York, without giving effect to principles of conflicts or choice
      of
      laws thereof.

     

    12.9 Counterparts.
      This
      Agreement may be executed in one or more counterparts, with the same effect
      as
      if all parties had signed the same document. Each such counterpart shall be
      an
      original, but all such counterparts taken together shall constitute a single
      agreement. In the event that any signature is delivered by facsimile
      transmission, such signature shall create a valid and binding obligation of
      the
      party executing (or on whose behalf such signature is executed) the same with
      the same force and effect as if such facsimile signature page was an original
      thereof.

     

    12.10 Section
      Headings and Gender.
      The
      Section headings used herein are inserted for reference purposes only and shall
      not in any way affect the meaning or interpretation of this Agreement. All
      personal pronouns used in this Agreement shall include the other genders,
      whether used in the masculine, feminine or neuter, and the singular shall
      include the plural, and vice
      versa,
      whenever and as often as may be appropriate.

     

    12.11 Specific
      Performance; Remedies.
      Each of
      Seller, Buyer and Leaseco acknowledges and agrees that GF and ITD would be
      damaged irreparably if any provision of this Agreement is not performed in
      accordance with its specific terms or is otherwise breached. Accordingly, each
      of Seller, Buyer and Leaseco agrees that GF and ITD will be entitled to seek
      an
      injunction or injunctions to prevent breaches of the provisions of this
      Agreement and to enforce specifically this Agreement and its terms and
      provisions in any action instituted in any court of the United States or any
      state thereof having jurisdiction over the parties and the matter, subject
      to
Section
      12.8,
      in
      addition to any other remedy to which they may be entitled, at law or in equity.
      Except as expressly provided herein, the rights, obligations and remedies
      created by this Agreement are cumulative and in addition to any other rights,
      obligations or remedies otherwise available at law or in equity, and nothing
      herein will be considered an election of remedies.
      

     

    12.12 Submission
      to Jurisdiction; Process Agent; No Jury Trial.

     

    (a) Each
      party to the Agreement hereby submits to the jurisdiction of any state or
      federal court sitting in the State of New York, in any action arising out of
      or
      relating to this Agreement and agrees that all claims in respect of the action
      may be heard and determined in any such court. Each party to the Agreement
      also
      agrees not to bring any action arising out of or relating to this Agreement
      in
      any other court. Each party to the Agreement agrees that a final judgment in
      any
      action so brought will be conclusive and may be enforced by action on the
      judgment or in any other manner provided at law or in equity. Each party to
      the
      Agreement waives any defense of inconvenient forum to the maintenance of any
      action so brought and waives any bond, surety, or other security that might
      be
      required of any other Party with respect thereto.

     

    (b) EACH
      PARTY TO THE AGREEMENT HEREBY AGREES TO WAIVE HIS OR HER RIGHTS TO JURY TRIAL
      OF
      ANY DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OTHER AGREEMENTS
      RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT OR ANY DEALINGS AMONG THEM
      RELATING TO THE TRANSACTIONS CONTEMPLATED HEREBY. The scope of this waiver
      is
      intended to be all encompassing of any and all actions that may be filed in
      any
      court and that relate to the subject matter of the transactions, including,
      contract claims, tort claims, breach of duty claims, and all other common law
      and statutory claims. Each party to the Agreement hereby acknowledges that
      this
      waiver is a material inducement to enter into a business relationship and that
      they will continue to rely on the waiver in their related future dealings.
      Each
      party to the Agreement further represents and warrants that it has reviewed
      this
      waiver with its legal counsel, and that each knowingly and voluntarily waives
      its jury trial rights following consultation with legal counsel. NOTWITHSTANDING
      ANYTHING TO THE CONTRARY HEREIN, THIS WAIVER IS IRREVOCABLE, MEANING THAT IT
      MAY
      NOT BE MODIFIED ORALLY OR IN WRITING, AND THE WAIVER WILL APPLY TO ANY
      AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO
      ANY
      OTHER DOCUMENTS OR AGREEMENTS RELATING HERETO. In the event of commencement
      of
      any action, this Agreement may be filed as a written consent to trial by a
      court.

    
      
        
        

      

      
        -15-

        
          

        

      

       

    

     

    12.13 Construction.
      The
      parties hereto have participated jointly in the negotiation and drafting of
      this
      Agreement. If an ambiguity or question of intent or interpretation arises,
      this
      Agreement will be construed as if drafted jointly by the parties hereto and
      no
      presumption or burden of proof will arise favoring or disfavoring any party
      because of the authorship of any provision of this Agreement. Any reference
      to
      any federal, state, local, or foreign law will be deemed also to refer to law
      as
      amended and all rules and regulations promulgated thereunder, unless the context
      requires otherwise. The words “include,” “includes,” and “including” will be
      deemed to be followed by “without limitation.” The words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to
      this Agreement as a whole and not to any particular subdivision unless expressly
      so limited. The parties hereto intend that each representation, warranty, and
      covenant contained herein will have independent significance. If any party
      hereto has breached any representation, warranty, or covenant contained herein
      in any respect, the fact that there exists another representation, warranty
      or
      covenant relating to the same subject matter (regardless of the relative levels
      of specificity) which that party has not breached will not detract from or
      mitigate the fact that such party is in breach of the first representation,
      warranty, or covenant.

     

    [Signature
      page follows this page.]

     

    
      
        
        

      

      
        -16-

        
          

        

      

       

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have hereunto set their hands as of the day and year first above
      written.

     

    
      	 	 	 
	 	GOFISH
              CORPORATION
	 
 	 
 	 
 
	 	By:  	/s/ Stephen
              B. Jackson
	 	 	
              

            
	 	Name:	     Stephen B.
              Jackson
	 	Title:	    
              President

       

      
        	 	 	 
	 	GF
                LEASECO, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Stephen
                B. Jackson
	 	 	
                

              
	 	Name:	     Stephen B. Jackson
	 	Title	    
President

        
           

          
            	 	 	 
	 	BUYERS
	 
 	 
 	 
 
	 	
                    /s/ Dianziang
                      Wu 

                  
	 	
                    
Dianziang
                    Wu 
	 	           
                    	     
	 	 	 
	 	
                    /s/
                      Jianhua Xue

                  
	 	
                    
Jianhua
                    Xue
	 	 	 

             

          

        

        
          
            	 	 	 
	 	GOFISH
                    TECHNOLOGIES, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Michael
                    Downing
	 	 	
                    

                  
	 	Name: 	     Michael
                    Downing
	 	Title:	     Chief Executive
                    Officer

             

            
              	 	 	 
	
                       

                    	INTERNET
                      TELEVISION DISTRIBUTION INC.  
	 
 	 
 	 
 
	 	By:  	/s/ Riaz
                      Valani
	 	 	
                      

                    
	 	Name:	     Riaz
                      Valani
	 	Title:	    
                      President
	 

            

          

        

      

    

    

    
      
        
        

      

      
        -17-

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