Document:

China Public Security Technology, Inc.: Exhibit 10.4 - Prepared by TNT Filings Inc.

  

STOCK PURCHASE AGREEMENT 

THIS STOCK PURCHASE
AGREEMENT (this "Agreement") is made and entered into as of the 29
day of August 2007, by and between Total Device Management Limited (the 
"Seller") and Mr. Cheng Dong Huang, an individual (the "Purchaser").

BACKGROUND 

The Seller is the
holder of 3,150,000 shares of the common stock of China Public Security
Technology, Inc., a Florida corporation (the "Company"). The
Seller is a party and subject to a certain lock-up agreement, dated January 31,
2007, among the Seller and certain investors signatory thereto (the "Lock-up
Agreement"), pursuant to which the Seller agreed not to transfer any shares
of the Company held by it, other than the Shares (as defined below). The Seller
desires to sell to Purchaser and Purchaser desires to purchase from the Seller
an aggregate of 500,000 shares of the common stock of the Company (the "Shares"),
for a purchase price of $6.00 per Share, or $3,000,000 in the aggregate, upon
the terms, provisions, and conditions and for the consideration hereinafter set
forth. 

NOW, THEREFORE, for
and in consideration of the premises and mutual covenants and agreements
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto do hereby
represent, warrant, covenant, and agree as follows: 

ARTICLE I. 

PURCHASE AND SALE OF SHARES 

1.1

Purchase and Sale. Based upon the representations, warranties, and covenants
and subject to the terms, provisions, and conditions contained in this
Agreement, at the Closing (as defined below), the Seller hereby sells,
transfers, assigns, conveys and delivers the Shares to Purchaser subject to the
conditions set forth herein, free and clear of all liens, pledges, encumbrances,
security interests, and adverse claims, and Purchaser agrees to purchase the
Shares from the Seller for the consideration hereinafter set forth.

1.2

Purchase Price. On the Closing Date (as defined below) the Purchaser shall
pay to the Seller, in the aggregate, Three Million ($3,000,000) (the "Purchase
Price"), or $6.00 per Share, for the Shares. 

1.3

Closing; Deliverables. Upon execution of this Agreement (the "Closing"),
the Seller will deliver or cause to be delivered to the Purchaser, within ten
business days following the Closing Date, a certificate or certificates
representing the Shares with restrictive legend accompanied by an executed stock
transfer power duly endorsed in blank with signature guaranteed and such other
documents as may be necessary to effect the transfer of the Shares to the
Purchaser free and clear of all liens, claims, charges, security interests, and
encumbrances of any kind whatsoever. 

ARTICLE II. 

REPRESENTATIONS AND WARRANTIES OF THE SELLER

The Seller represents and warrants to
Purchaser that: 

2.1

Company Stock; Status of Seller. The Seller is the owner of the Shares, and
upon delivery of the Shares to the Purchaser, such Shares will be free of any
encumbrance, lien, claims, charge, and security interest or other interest of
any kind whatsoever, and the Purchaser shall be the sole lawful owner of the
Shares. 

2.2

Authorization and Validity of Agreement. The Seller has full power and
authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby. This Agreement
has been duly executed and delivered by the Seller and, assuming the due
execution of this Agreement by the Purchaser, is a valid and binding obligation
of the Seller, enforceable against the Seller in accordance with its terms,
except to the extent that its enforceability may be subject to applicable
bankruptcy and similar laws affecting the enforcement of creditors' rights
generally and to general equitable principles. 

2.3

Consents and Approvals; No Violations. The execution and delivery of this
Agreement by the Seller and the consummation by the Seller of the purchase and
sale of the Shares as contemplated herein and the other transactions
contemplated hereby (a) will not violate any statute, rule, regulation, order or
decree of any public body or authority by which the Seller is bound or by which
any of his properties or assets are bound and (b) will not result in any breach
of or constitute a default under any agreement, contract or other legally
enforceable obligation of Seller. 

2.4

No Broker. The Seller has in connection with the transactions contemplated
hereby and all aspects thereof, dealt directly with the Purchaser and has no
arrangement or understanding with or obligation to any broker (except with
respect to ministerial functions, if any) or other intermediary that would
result in the payment of a brokerage fee or other similar remuneration by anyone
other than the Seller. 

2.5

Securities Act Compliance. The Shares are offered and sold under an
exemption from registration provided by the Securities Act of 1933, as amended
(the "Securities Act"), and/or the rules and regulations
thereunder and applicable state or other securities laws. 

ARTICLE III. 

REPRESENTATIONS
AND WARRANTIES OF PURCHASER 

The Purchaser hereby represents to the
Seller that: 

3.1

Knowledge and Experience. Purchaser has such knowledge and experience in
financial and business matters so as to be capable of evaluating and
understanding, and has evaluated and understood, the merits and risks of an
investment in the Company. The Purchaser has reviewed copies of such documents
and other information as Purchaser has deemed necessary in order to make an
informed investment decision with respect to its purchase of the Shares and the
Purchaser is not relying upon the Seller for the accuracy or completeness of any
of the information reviewed by the Purchaser, including all information filed by
the Company pursuant to the Securities Act and the United States Securities
Exchange Act of 1934, as amended (the "Exchange Act"). 

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3.2

Accredited Investor.
Purchaser is an "Accredited Investor" as defined in Regulation D
promulgated under the Securities Act. Purchaser is able to bear the substantial
economic risks of Purchaser’s investment in the Company and the purchase of
securities of the Company in that, among other factors, Purchaser can afford to
hold securities of the Company for an indefinite period and can afford a
complete loss of Purchaser’s investment in the Company. 

3.3

Liquidity. Purchaser
will have sufficient liquidity with respect to Purchaser’s net worth for an
adequate period of time to provide for Purchaser’s needs and contingencies. 

3.4

Non-reliance on Communications. Purchaser is relying solely on Purchaser’s
own decision or the advice of Purchaser’s own adviser(s) with respect to an
investment in the Company and the acquisition of the Shares, and has neither
received nor relied on any communication from the Seller or its agents regarding
any legal, investment or tax advice relating to an investment in the Company and
the acquisition of the Shares. 

3.5

Substantial Risks.
Purchaser recognizes that investments in the Company involve substantial risks,
including the risk factors described in the Company’s Registration on Form
SB-2/A filed on August 9, 2007. Purchaser has taken full cognizance of, and
understands, such risks and has obtained sufficient information to evaluate the
merits and risks of an investment in the Company and the acquisition of the
Shares. 

3.6

No Warranties of Financial Results. Purchaser confirms that none of the
Seller’s members, officers nor any of the Seller’s agents have made any
warranties concerning an investment in the Company, including, without
limitation, any warranties concerning anticipated financial results, or the
likelihood of success of the operations, of the Company. 

3.7

Acquisition for Own Account. The Shares are being acquired by Purchaser for
Purchaser’s own account, for investment and not with a view to, or in connection
with, any public offering or distribution of the same and without any present
intention to sell the same at any particular event or circumstances, except as
permitted by law. Purchaser has no agreement or other arrangement with any
person to sell, transfer or pledge any part of the Shares which would guarantee
Purchaser any profit or provide any guarantee to Purchaser against any loss with
respect to the Shares. 

3.8

No Government Endorsement. Purchaser understands that no federal, state or
other governmental agency of the United States or any other territory or nation
has passed on or made any recommendation or endorsement of an investment in the
Shares. 

3.9

Unregistered Shares. Purchaser understands that the Shares have not been
registered under the Securities Act or applicable state or other securities
laws, and the Shares are offered and sold under an exemption from registration
provided by such laws and the rules and regulations thereunder; further,
Purchaser understands that the Company is under no obligation to register
securities of the Company. Purchaser must bear the economic risks of an
investment in the Company for an indefinite period of time because it is not
anticipated that there will be any liquid market for securities of the Company
and because securities of the Company cannot be resold unless subsequently
registered under applicable securities laws or unless an exemption from such
registration is available. Purchaser also understands that the exemption
provided by Rule 144 under the Act may not be available because of the
conditions and limitations of such Rule, and that in the absence of the
availability of such Rule, any disposition by Purchaser of any portion of the
Shares require compliance with some other exemption under the Securities Act.

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3.10

No Express or Implied Warranty. Purchaser acknowledges and agrees that,
except as expressly set forth in Article II of this Agreement, the Seller makes
no representation or warranty, express or implied, at law or in equity, in
respect of any matter relating to the Company, including, without limitation,
the assets, financial condition, liabilities, operations or prospects of the
Company or in respect of the transactions contemplated by this Agreement, and
any such other representations or warranties are hereby expressly disclaimed by
the Seller. Purchaser further acknowledges and agrees that the Seller is an
affiliate of the Company and as a result may be aware of certain nonpublic
material information concerning the Company. Purchaser waives any claims that
may arise as a result of the Seller’s knowledge regarding the Company. 

ARTICLE IV. 

MISCELLANEOUS

4.1

Survival. The Seller and the Purchaser covenant that their respective
representations and warranties contained herein shall be true in all respects as
of the Closing Date. All representations and warranties and other agreements
made by the Seller and the Purchaser in this Agreement or pursuant hereto shall
survive the Closing Date until the first anniversary of the date hereof. 

4.2

Waiver; Remedies Cumulative. The rights and remedies of the parties to this
Agreement are cumulative and not alternative. Neither any failure nor any delay
by any party in exercising any right, power or privilege under this Agreement or
any of the documents referred to in this Agreement will operate as a waiver of
such right, power or privilege, and no single or partial exercise of any such
right, power or privilege will preclude any other or further exercise of such
right, power or privilege or the exercise of any other right, power or
privilege. To the maximum extent permitted by applicable law, (a) no claim or
right arising out of this Agreement or any of the documents referred to in this
Agreement can be discharged by one party, in whole or in part, by a waiver or
renunciation of the claim or right unless in writing signed by the party with
such claim or right; (b) no waiver that may be given by a party will be
applicable except in the specific instance for which it is given; and (c) no
notice to or demand on one party will be deemed to be a waiver of any obligation
of that party or of the right of the party giving such notice or demand to take
further action without notice or demand as provided in this Agreement or the
documents referred to in this Agreement. 

4.3

Entire Agreement and Modification. This Agreement supersedes all prior
agreements, whether written or oral, between the parties with respect to its
subject matter, and constitutes a complete and exclusive statement of the terms
of the agreement between the parties with respect to its subject matter. This
Agreement may not be amended, supplemented, or otherwise modified except by a
written agreement executed by the party to be charged with the amendment. 

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4.4

Assignments, Successors and No Third-Party Rights. No party may assign any
of its rights or delegate any of its obligations under this Agreement without
the prior written consent of the other party. Subject to the preceding sentence,
this Agreement will apply to, be binding in all respects upon and inure to the
benefit of the successors and permitted assigns of the parties. Nothing
expressed or referred to in this Agreement will be construed to give any person
other than the parties to this Agreement any legal or equitable right, remedy or
claim under or with respect to this Agreement or any provision of this
Agreement, except such rights as shall inure to a successor or permitted
assignee pursuant to this Section. 

4.5

Severability. If any provision of this Agreement is held invalid, illegal or
unenforceable by any court of competent jurisdiction, the other provisions of
this Agreement will remain in full force and effect; provided, however, that to
the extent permitted by applicable law, any invalid, illegal or unenforceable
provision may be considered for the purpose of determining the intent of the
parties in connection with the other provisions of this Agreement, and the
parties agree to a substitute provision that reflects the parties' original
intent with such latter provision as determined to be valid, legal or
enforceable binding upon the parties hereto. Any provision of this Agreement
held invalid, illegal or unenforceable only in part or degree will remain in
full force and effect to the extent not held invalid, illegal or unenforceable.

4.6

Governing Law. The interpretation and construction of this Agreement, and
all matters relating hereto, shall be governed by the laws of the State of New
York applicable to contracts made and to be performed entirely within the State
of New York. Each of the parties submits to the jurisdiction of any state or
federal court sitting in New York, in any action or proceeding arising out of or
relating to this Agreement and agrees that all claims in respect of the action
or proceeding may be heard and determined in any such court. Each of the parties
waives any defense of inconvenient forum to the maintenance of any action or
proceeding so brought and waives any bond, surety, or other security that might
be required of any other party with respect thereto. Nothing in this Section,
however, shall affect the right of any party to bring any action or proceeding
arising out of or relating to this Agreement in any other court or to serve
legal process in any other manner permitted by law or in equity. Each party
agrees that a final judgment in any action or proceeding so brought shall be
conclusive and may be enforced by suit on the judgment or in any other manner
provided by law or in equity. 

4.7

WAIVER OF JURY TRIAL. THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN
ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE
CONTEMPLATED TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND
WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF
THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE
KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO
WAIVE TRIAL BY JURY. 

5

4.8

Execution of Agreement. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original copy of this
Agreement and all of which, when taken together, will be deemed to constitute
one and the same agreement. The exchange of copies of this Agreement and of
signature pages by facsimile transmission shall constitute effective execution
and delivery of this Agreement as to the parties and may be used in lieu of the
original Agreement for all purposes. Signatures of the parties transmitted by
facsimile shall be deemed to be their original signatures for all purposes.

4.9

Additional Action. Each party shall, upon the request of the other, from
time to time, execute and deliver promptly to such other party all instruments
and documents of further assurances or otherwise and will do any and all such
acts and things as may be reasonably required to carry out the obligations of
such party hereunder and to consummate the transactions contemplated hereby.

4.10

Notices. Any notice, demand or other communication to be given hereunder by
any party to the other shall be in writing and shall be mailed by certified
mail, return receipt requested, or delivered against receipt to the party to
whom it is to be given at such party’s respective address as set forth in the
preamble to this Agreement or, in the case of the Purchaser, on the signature
page hereto, or to such other address as the party shall have furnished in
accordance with the provisions of this Section 4.10. Any notice or other
communication given by certified mail shall be deemed given at the time of two
(2) business days after deposit in the U.S. mails, except for a notice changing
a party's address which shall be deemed given at the time five (5) business days
after deposit in the U.S. mails. 

4.11

Expenses. Each party shall be responsible for, and pay, its own expenses
incurred in connection with the preparation and negotiation of this Agreement
and in connection with its performance hereunder. 

[Signature Page Follows] 

 

6

IN WITNESS WHEREOF,
each of the parties have caused this Stock Purchase Agreement to be executed as
of the day and year first above written. 

PURCHASER: 

/s/ Cheng Dong Huang                                        

Mr. Cheng Dong Huang 

Address: 

Room 102, Tianyuan #55 

Tianbei 3rd Road, Luohu District 

Shenzhen, Guangdong Province 

People’s Republic of China 

SELLER: 

TOTAL DEVICE MANAGEMENT LIMITED 

By:

/s/ Jiang Huai Lin                                           

Mr. Jiang Huai Lin 

President 

Address: 

c/o China Public Security Technology, Inc. 

21st Floor, Everbright Bank Building, 

Zhuzilin, Futian District, 

Shenzhen, Guangdong, 518040 

People’s Republic of China 

Signature Page to Stock Purchase AgreementEXHIBIT 10.1

     REVISED AND
RESTATED SIXTH AMENDMENT TO THE 
INDEPENDENT CONTRACTOR CONSULTANCY AGREEMENT

This Sixth Amendment to the Independent
Contractor Consultancy Agreement (the “Sixth Amendment”), previously made and
entered into by and between Ross Stores, Inc. (the “Company”) and Norman A.
Ferber (the “Contractor”) on February 14, 2006, is hereby revised and restated
to read in full as follows: 

For the purposes of this agreement, the
“Company” includes subsidiaries, parents and affiliates of Ross Stores, Inc. The
Company and Contractor previously entered into an Independent Contractor
Consultancy Agreement that originally became effective February 1, 2000 and
continued in effect until January 31, 2001. The original Consultancy Agreement
was extended from February 1, 2001 until January 31, 2006 through five
successive Amendments to the Consultancy Agreement (together, the “Consulting
Agreement”). It is now the intention of the Company and the Contractor to
further amend the Consulting Agreement as set forth below. Accordingly, the
Company and the Contractor now agree as follows: 

	      	A.	      	Amendments.
		 
		 		Paragraph 2.3, will be added
      as follows:
		 
		 		2.3 
          Life Insurance. Within 30 days of the execution of this Revised and Restated
      Sixth Amendment (or within 30 days of subsequent notice from Contractor of
      additional required amounts), Company will pay to Contractor the amount
      necessary to cover the aggregate premiums for the three-year term of this
      Sixth Amendment to purchase a policy of life insurance on the life of
      Contractor (the policy will be issued for the benefit of the Norman A.
      Ferber and Rosine Ferber 2001 Insurance Trust or as otherwise designated
      by Contractor), with a death benefit in the amount of $2,000,000 (the
      “Life Insurance Premium Benefit”); such aggregate premium amount is
      currently estimated to be $24,450. In addition to such sum, Company shall
      pay to Contractor at the same time as its payment of the Life Insurance
      Premium Benefit an amount necessary to enable Contractor to realize the
      Life Insurance Premium Benefit net of any federal, state and local income
      tax liability attributable to such payments by the Company. For such
      purpose, Contractor shall be deemed to pay federal, state and local income
      taxes at the highest applicable marginal rates. Contractor will designate
      the beneficiaries of such life insurance.
		 
		 		Paragraph 8.1, will be amended
      in its entirety to read as follows:
		 
		 		8.1 
          Term. This
      Sixth Amendment is effective as of February 1, 2006 (“Effective Date”) and
      will continue until January 31, 2009 (“Consultancy Termination Date”).
      This Consulting Agreement is renewable upon the mutual consent of both
      parties. The terms of such renewal must be in writing and signed by both
      Company and Contractor.
		 

1

	 	 		
		 		Paragraph 8.2 will be amended
      in its entirety to read as follows: 
				 
				8.2     
      Termination of Agreement Prior To The Consultancy Termination Date.
      Other than as provided in subsection 8.4 below (“Termination Due to
      Death”), Contractor shall receive the full annual fees specified in
      subsection 2.1 for the duration of this Agreement or any renewal term,
      regardless of whether this Agreement terminates prior to the Consultancy
      Termination Date, unless the Agreement is terminated by Company for Cause
      or by Contractor without Good Reason. For purposes of this Agreement,
      “Cause” shall mean Contractor’s breach of sections 5 (“Confidentiality”)
      and 7 (“No Conflict of Interest”) and “Good Reason” shall mean Company’s
      material breach of this Agreement.
	 			
				Paragraph 8.4, will be added as follows:
	 			
				8.4     
      Termination Due to Death. In the event of Contractor’s death, this
      Consulting Agreement will immediately terminate and no further fees will
      be owed.
	 			
				Paragraph 9.5, will be amended in its entirety
      to read as follows:
	 			
				9.5      Entire
      Agreement. This Sixth Amendment to the Consultancy Agreement, along
      with the Fifth, Fourth, Third, Second and First Amendments to the
      Consultancy Agreement and the original Consultancy Agreement that became
      effective February 1, 2000, constitute the entire agreement between the
      parties relating to this subject matter and all prior or contemporaneous
      oral or written agreements concerning such subject matter, including
      relevant terms from the parties’ prior Amended and Restated Employment
      Agreement and subsequent amendments. The terms of the Sixth Amendment, and
      the surviving terms of the prior amendments and the original Consultancy
      Agreement, will govern all services undertaken by Contractor for Company
      beginning February 1, 2006 and continuing until January 31, 2009, unless
      otherwise agreed in writing by the parties.
	 			
	      	B.	      	No Other Modifications.
		 
		 		Except as modified by this Sixth Amendment, the
      original Consultancy Agreement that became effective February 1, 2000 and
      the First, Second, Third, Fourth and Fifth Amendments thereto shall remain
      in force and effect during the term of this Amendment.
		 
		 		IN WITNESS WHEREOF, the parties have
      executed this Amendment.

	      	     	      	Company:	                 
      Contractor:
		    		
				Ross Stores, Inc.	                 
      Norman A. Ferber
	 			
				By:	 	 	By:	 	 
	 			
				Name: 	 	 	Title: 	 	 
	 			
				Title:	 	 	Date: 	 	 
	 			 	
				Date:	 	 	

2

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