Document:

Unassociated Document

    PROXY
      AGREEMENT

    This
      Shareholders’ Voting Rights Proxy Agreement (the “Agreement”) is entered into as
      of December 28, 2005 among the following parties:

    

    
      	
              Party
                A:

            	
              Haie
                Hi-tech Engineering (Hong Kong) Company Limited 

            
	 	
              Registered
                Address: 

            	
              FLAT/RM
                B 20/F Public Bank Centre, 120 Des Voeux Road Central, HK,
                China

            
	 	
              Director:
                WU Qinghuan 

            
	
              Party
                B:

            	
              The
                undersigned two shareholders of Shanghai Hai Lu Kun Lun Hi-tech
                Engineering Co., Ltd., a corporation incorporated under the laws
                of China
                (“Company”).

            

    

    

    RECITALS

     

    
      	
              A

            	
              Party
                A, a limited company incorporated under law of Hong Kong, has the
                expertise in the business of Engineering and
                Investment.

            
	 	 
	
              B.

            	
              As
                of the date of the Agreement Party B are the 2 enrolled shareholders
                of
                Company and each legally holds the equity interest in Company set
                forth
                Party B’s name below. The total shares held by Party B collectively
                represent 100% of total outstanding shares of Company.
                

            

    

    

    
      	
              C.

            	
              Party
                B desires to grant to the Board of Directors of Party A a proxy to
                vote
                all of Party B’s shares in Company for the maximum period of time
                permitted by law in consideration of the issuance to Party B of shares
                and
                for other good and valuable
                consideration.

            

    

    

    NOW
      THEREFORE,
      the
      parties agree as follows: 

    

    
      	
              1.

            	
              Party
                B hereby agrees to irrevocably grant and entrust Party A, for the
                maximum
                period permitted by law, with all of Party B’s voting rights as a
                shareholder of Company. Party A shall exercise such rights in accordance
                with and within the limitations of the laws of the PRC and the Articles
                of
                Association of Company.

            
	 	 
	
              2.

            	
              Party
                A may from time to time establish and amend rules to govern how Party
                A
                shall exercise the powers granted to it by Party B herein, including,
                but
                not limited to, the number or percentage of directors of Party A
                which
                shall be required to authorize or take any action and to sign documents
                evidencing the taking of such action, and Party A shall only take
                action
                in accordance with such rules 

            

    

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
      	
              3.

            	
              All
                Parties to this Agreement hereby acknowledge that, regardless of
                any
                change in the equity interests of Company, Party B shall appoint
                the
                person designated by Party A with the voting rights held by Party
                B. Party
                B shall not transfer its equity interests of Company to any individual
                or
                company (other than Party A or the individuals or entities designated
                by
                Party A). Party B acknowledges that it will continue to perform this
                Agreement even if one or more than one of them no longer hold the
                equity
                interests of Company.

            

    

    

    
      	
              4.

            	
              This
                Agreement has been duly executed by the Parties, and, in the case
                of a
                Party which is not a natural person, has been duly authorized by
                all
                necessary corporate or other action by such Party and executed and
                delivered by such Party’s duly authorized representatives, as of the date
                first set forth above and shall be effective on the date of
                execution.

            
	 	 
	
              5.

            	
              Party
                B represents and warrants to Party A that Party B owns all of the
                shares
                of Company set forth below its name on the signature page below,
                free and
                clear of all liens and encumbrances, and Party B has not granted
                to
                anyone, other than Party A, a power of attorney or proxy over any
                of such
                shares or in Party B’s rights as a shareholder of Company. Party B further
                represents and warrants that the execution and delivery of this Agreement
                by Party B will not violate any law, regulations, judicial or
                administrative order, arbitration award, agreement, contract or covenant
                applicable to Party B.

            

    

    

    
      	
              6.

            	
              This
                Agreement may not be terminated without the unanimous consent of
                both
                Parties, except that Party A may, by giving thirty (30) days prior
                written
                notice to Party B hereto, terminate this Agreement
                

            

    

    

    
      	
              7.

            	
              Any
                amendment and/or rescission shall be agreed by the Parties in writing.
                

            

    

    

    
      	
              8.

            	
              The
                execution, validity, construction and performance of this Agreement
                shall
                be governed by the laws of PRC.

            

    

    

    
      	
              9.

            	
              This
                Agreement has been executed in three (3) duplicate originals in English,
                each Party has received one (1) duplicate original, and all originals
                shall be equally valid.

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
              10.

            	
              Both
                Parties agree that in case of disputes arising from this Agreement,
                both
                Parties shall settle their dispute through mediation, not in a lawsuit
                brought in Court. If the Parties cannot reach a settlement 45 days
                after
                the mediation, the dispute shall be referred to and determined by
                arbitration in the China International Economic and Trade Arbitration
                Commission (“CIETAC”) Shanghai Branch upon the initiation of either Party
                in accordance with the prevailing arbitration rules of CIETAC. The
                written
                decision of the arbitrator shall be binding and conclusive on the
                Parties
                hereto and enforceable in any court of competent
                jurisdiction.

            

    

     

    [SIGNATURE
      PAGE FOLLOWS]

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    [SIGNATURE
      PAGE]

    

    IN
      WITNESS WHEREOF
      each
      party hereto has caused this Proxy Agreement to be duly executed by itself
      or a
      duly authorized representative on its behalf as of the date first written
      above.

    

    
      	
              PARTY
                A: 

            	
              Haie
                Hi-tech Engineering (Hong Kong) Company Limited 

            
	 	
              Legal/Authorized
                Representative: /s/ WU
                Qinghuan             

            
	 	
              Name:
                WU Qinghuan

            
	 	
              Title:
                Director

            
	 	 
	
              PARTY
                B: 

            	 
	 	
              /s/
                WU
                Qinghuan             

            
	 	
              By:
                WU Qinghuan 

            
	 	
              PRC
                ID Card No.: 320112194610111693

            
	 	
              Shares
                of Shanghai Hai Lv Kun Lu Hi-tech Engineering Co., Ltd. owned by
                WU
                Qinghuan: 60%

            
	 	 
	 	
              /s/ ZHOU
                Jialing  
                             

            
	 	
              By:
                ZHOU Jialing 

            
	 	
              PRC
                ID Card No.: 320112195409111645

            
	 	
              Shares
                of Shanghai Hai Lv Kun Lu Hi-tech Engineering Co., Ltd. owned by
                ZHOU
                Jialing: 40%

            

    

    

    
      
        
        

      

      
        4Unassociated Document

    

      OPTION
        AGREEMENT 

      

      This
        Option Agreement (this “Agreement”) is entered into, as of December 28, 2005, in
        Shanghai, China by and among Haie Hi-tech Engineering (Hong Kong) Company
        Limited, with a registered address at FLAT/RM B 20/F Public Bank Centre,
        120 Des
        Voeux Road Central, HK, China (“Party A”), Shanghai Hai Lu Kun Lun Hi-tech
        Engineering Co., Ltd. with a registered address at No.1111, Northern Zhong
        Shan
        Er Road, Shanghai, China (“Party B”) and each of the shareholders of Party B
        listed on the signature pages hereto (collectively, the “Party
        C”),
        Party
        A, Party B and Party C are referred to collectively in this Agreement as
        the
“Parties.”

      RECITALS

      

      
        	
                1.

              	
                Party
                  A, a limited company incorporated under law of Hong Kong, has the
                  expertise in the business of Engineering and Investment;

              

      

      

      
        	
                2.

              	
                Party
                  B is a limited company incorporated in China, and is engaged in
                  FOUR
                  TECHNOLOGY SERVICES’ (development, transfer, consultation and other
                  services regarding technologies) in chemical engineering, energy
                  saving,
                  computer and other professional technical fields; development and
                  sale of
                  computer hardware; sale of heat recovery boiler and auxiliary equipments,
                  materials and equipments of chemical engineering (hazardous materials
                  exclusive) and blueprint; installation and process of chemical
                  engineering
                  devices
                  sale of packaged foods, processing and sale of milk powder, as
                  well as
                  import and export of goods and technologies (the
                  “Business”);

              

      

      

      
        	
                3.

              	
                Party
                  C is the shareholders of Party B. Party C has the ownership of
                  [100%]
                  equity interest in Party B.(each, an “Equity Interest” and collectively
                  the “Equity Interest”) 

              

      

      

      
        	
                4.

              	
                A
                  series agreements such as the Consulting Services Agreement (the
“Service
                  Agreement”) have been entered into the Parties on March 7, 2008;
                  

              

      

      

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      
        	
                5.

              	
                An
                  Equity Pledge Agreement (the “Equity Pledge Agreement”) has been entered
                  into by the Parties on March 7, 2008;

              

      

      

      
        	
                6.

              	
                The
                  Parties are entering into this Option Agreement in conjunction
                  with the
                  Pledge Agreement, Consulting Services Agreement and related agreements.
                  

              

      

      

      NOW,
        THEREFORE,
        the
        Parties to this Agreement hereby agree as follows: 

      

      
        	
                1.

              	
                Purchase
                  and Sale of Equity Interest 

              

      

      

      
        	
                 

              	
                1.1

              	
                Grant
                  of Rights. Party C (hereafter collectively the “Transferor”) hereby
                  irrevocably grants to Party A an option to purchase or cause any
                  person
                  designated by Party A (“Designated Persons”) to purchase, to the extent
                  permitted under PRC Law, according to the steps determined by Party
                  A, at
                  the price specified in Section 1.3 of this Agreement, at any time
                  from the
                  Transferor a portion or all of the equity interests held by Transferor
                  in
                  Party B (the “Option”). No Option shall be granted to any third party
                  other than Party A and/or the Designated Persons. Party B hereby
                  agrees to
                  the granting of the Option by Party C to Party A and/or the Designated
                  Persons. The “person” set forth in this clause and this Agreement means an
                  individual person, corporation, joint venture, partnership, enterprise,
                  trust or a non-corporation organization. 

              
	
                 

              	
                1.2

              	
                Exercise
                  of Rights. According to the stipulations of PRC laws and regulation,
                  Party
                  A and/or the Designated Persons may exercise Option by issuing
                  a written
                  notice (the “Notice”) to the Transferor and specifying the equity interest
                  purchased from Transferor (the “Purchased Equity Interest”) and the manner
                  of purchase. 

              
	
                 

              	
                1.3

              	
                Purchase
                  Price. 

              
	
                 

              	
                1.3.1

              	
                For
                  Party A to exercise the Option, the purchase price of the Purchased
                  Equity
                  Interest (“Purchase Price”) shall be equal to the original paid-in price
                  of the Purchased Equity Interest by the Transferor, unless the
                  applicable
                  PRC laws and regulations require appraisal of the equity interests
                  or
                  stipulate other restrictions on the purchase price of equity interests.
                  

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      
        	
                 

              	
                1.3.2

              	
                If
                  the applicable PRC laws require appraisal of the equity interests
                  or
                  stipulates other restrictions on the purchase price of the Equity
                  Interest
                  at the time that Party A exercise the Option, the Parties agree
                  that the
                  Purchase Price shall be set at the lowest price permissible under
                  the
                  applicable laws. 

              
	
                 

              	
                1.4

              	
                Transfer
                  of the Purchased Equity Interest. Up[on each exercise of the Option
                  rights
                  under this Agreement:

              
	
                 

              	
                1.4.1

              	
                The
                  Transferor shall ask Party C to convene a shareholders’ meeting. During
                  the meeting, the resolutions shall be proposed, approving the transfer
                  of
                  the appropriate Equity Interest to Party A and/or the Designated
                  Persons;
                  

              
	
                 

              	
                1.4.2

              	
                The
                  Transferor shall, upon the terms and conditions of this Agreement
                  and the
                  Notice related to the Purchased Equity Interest, enter into Equity
                  Interest purchase agreement in a form reasonably acceptable to
                  Party A,
                  with Party A and/or the Designated Persons (as applicable);
                  

              
	
                 

              	
                1.4.3

              	
                The
                  related parties shall execute all other requisite contracts, agreements
                  or
                  documents, obtain all requisite approval and consent of the government,
                  conduct all necessary actions, without any security interest, transfer
                  the
                  valid ownership of the Purchased Equity Interest to Party A and/or
                  the
                  Designated Persons, and cause Party A and/or the Designated Persons
                  to be
                  the registered owner of the Purchased Equity Interest. In this
                  clause and
                  this Agreement, “Security Interest” means any mortgage, pledge, the right
                  or interest of the third party, any purchase right of equity interest,
                  right of acquisition, right of first refusal, right of set-off,
                  ownership
                  detainment or other security arrangements, however, it does not
                  include
                  any security interest created under the Equity Pledge Agreement.
                  

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      
        	
                 

              	
                1.5

              	
                Payment.
                  The payment of the Purchase Price shall be determined by the consultation
                  of Party A and/or the Designated Persons with the Transferor according
                  to
                  the applicable laws at the time of exercise of the Option.
                  

              
	
                2.

              	
                Promises
                  Relating Equity Interest. 

              
	
                 

              	
                2.1

              	
                Promises
                  Related to Party B. Party B, Party C hereby promise: 

              
	
                 

              	
                2.1.1

              	
                Without
                  prior written consent by Party A, not, in any form, to supplement,
                  change
                  or renew the Articles of Association of Party B, to increase or
                  decrease
                  registered capital of the corporation, or to change the structure
                  of the
                  registered capital in any other forms; 

              
	
                 

              	
                2.1.2

              	
                According
                  to customary fiduciary standards applicable to managers with respect
                  to
                  corporations and their shareholders, to maintain the existence
                  of the
                  corporation, prudently and effectively operate the
                  business;

              
	
                 

              	
                2.1.3

              	
                Without
                  prior written consent by Party A, not, upon the execution of this
                  Agreement, to sell, transfer, mortgage or dispose, in any other
                  form, any
                  asset, legitimate or beneficial interest of business or income
                  of Party B,
                  or encumber or approve any encumbrance or imposition of any security
                  interest on Party A’s assets; 

              
	
                 

              	
                2.1.4

              	
                Without
                  prior written notice by Party A, not issue or provide any guarantee
                  or
                  permit the existence of any debt, other than (i) the debt arising
                  from
                  normal or daily business but not from borrowing; and (ii) the debt
                  disclosed to Party A and obtained the written consent from Party
                  A;
                  

              
	
                 

              	
                2.1.5

              	
                To
                  normally operate all business to maintain the asset value of Party
                  B,
                  without taking any action or failing to take any action that would
                  result
                  in a material adverse effect on the business or asset value of
                  Party B;
                  

              
	
                 

              	
                2.1.6

              	
                Without
                  prior written consent by Party A, not to enter into any material
                  agreement, other than agreements in the ordinary course of business
                  (for
                  purposes of this paragraph, if the amount of the Agreement involves
                  an
                  amount that exceeds a hundred thousand Yuan (RMB 100,000) the agreement
                  shall be deemed material); 

              

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      
        	
                 

              	
                2.1.7

              	
                Without
                  prior written consent by Party A, not to provide loan or credit
                  loan to
                  any others; 

              
	
                 

              	
                2.1.8

              	
                Upon
                  the request of Party A, to provide all materials of operation and
                  finance
                  relevant to Party B; 

              
	
                 

              	
                2.1.9

              	
                Purchases
                  and holds the insurance from the insurance company accepted by
                  Party A,
                  the insurance amount and category shall be the same with those
                  held by the
                  companies in the same industry or field, operating the similar
                  business
                  and owning the similar properties and assets as Party B;
                  

              
	
                 

              	
                2.1.10

              	
                Without
                  prior written consent by Party A, not to merge or associate with
                  any
                  person, or acquire or invest in any person; 

              
	
                 

              	
                2.1.11

              	
                To
                  notify Party A of the occurrence or the potential occurrence of
                  the
                  litigation, arbitration or administrative procedure related to
                  the assets,
                  business and income of Party B; 

              
	
                 

              	
                2.1.12

              	
                In
                  order to keep the ownership of Party B to all its assets, to execute
                  all
                  requisite or appropriate documents, take all requisite or appropriate
                  actions, and pursue all appropriate claims, or make requisite or
                  appropriate pleas for all claims; 

              
	
                 

              	
                2.1.13

              	
                Without
                  prior written notice by Party A, not to assign equity interests
                  to
                  shareholders in any form; however, Party A shall distribute all
                  or part of
                  its distributable profits to their own shareholders upon request
                  by Party
                  A; 

              
	
                 

              	
                2.1.14

              	
                According
                  to the request of Party A, to appoint any person designated by
                  Party A to
                  be the directors of Party B. 

              
	
                 

              	
                2.2

              	
                Promises
                  Related to Transferor. Party C hereby promise: 

              
	
                 

              	
                2.2.1

              	
                Without
                  prior written consent by Party A, not, upon the execution of this
                  Agreement, to sell, transfer, mortgage or dispose in any other
                  form any
                  legitimate or beneficial interest of equity interest, or to approve
                  any
                  other security interest set on it, with the exception of the pledge
                  set on
                  the equity interest of the Transferor subject to Equity Pledge
                  Agreement;
                  

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      
        	
                 

              	
                2.2.2

              	
                Without
                  the prior written notice by Party A, not to decide or support or
                  execute
                  any shareholder resolution at any shareholder meeting of Party
                  B that
                  approves any sale, transfer, mortgage or dispose of any legitimate
                  or
                  beneficial interest of equity interest, or allows any other security
                  interest set on it, other than the pledge on the equity interests
                  of
                  Transferor pursuant to Equity Pledge Agreement; 

              
	
                 

              	
                2.2.3

              	
                Without
                  prior written notice by Party A, the Parties shall not agree or
                  support or
                  execute any shareholders resolution at any shareholder meeting
                  of Party B
                  that approves Party B’s merger or association with any person, acquisition
                  of any person or investment in any person; 

              
	
                 

              	
                2.2.4

              	
                To
                  notify Party A the occurrence or the potential occurrence of the
                  litigation, arbitration or administrative procedure related to
                  the equity
                  interest owned by them; 

              
	
                 

              	
                2.2.5

              	
                To
                  cause the Board of Directors of Party B to approve the transfer
                  of the
                  Purchased Equity Interest subject to this Agreement; 

              
	
                 

              	
                2.2.6

              	
                In
                  order to keep its ownership of the equity interest, to execute
                  all
                  requisite or appropriate documents, conduct all requisite or appropriate
                  actions, and make all requisite or appropriate claims, or make
                  requisite
                  or appropriate defend against fall claims of compensation;
                  

              
	
                 

              	
                2.2.7

              	
                Upon
                  the request of Party A, to appoint any person designated by Party
                  A to be
                  the directors of Party B; 

              
	
                 

              	
                2.2.8

              	
                Upon
                  the request of Party A at any time, to transfer its Equity Interest
                  immediately to the representative designated by Party A unconditionally
                  at
                  any time and abandon its prior right of first refusal of such equity
                  interest transferring to another available shareholder;

              
	
                 

              	
                2.2.9

              	
                To
                  prudently comply with the provisions of this Agreement and other
                  Agreements entered into collectively or respectively by the Transferor,
                  Party B and Party A and perform all obligations under these Agreements,
                  without taking any action or any nonfeasance that sufficiently
                  affects the
                  validity and enforceability of these Agreements;
                  

              

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      
        	
                3.

              	
                Representations
                  and Warranties. As of the execution date of this Agreement and
                  every
                  transferring date, Party B, Party C hereby represent and warrant
                  collectively and respectively to Party A as follows: 

              
	
                 

              	
                3.1

              	
                It
                  has the power and ability to enter into and deliver this Agreement,
                  and
                  any equity interest transferring Agreement (“Transferring Agreement,”
                  respectively) having it as a party, for every single transfer of
                  the
                  Purchased Equity Interest according to this Agreement, and to perform
                  its
                  obligations under this Agreement and any Transferring Agreement.
                  Upon
                  execution, this Agreement and the Transferring Agreements having
                  it as a
                  party will constitute a legal, valid and binding obligation of
                  it
                  enforceable against it in accordance with its terms; 

              
	
                 

              	
                3.2

              	
                The
                  execution, delivery of this Agreement and any Transferring Agreement
                  and
                  performance of the obligations under this Agreement and any Transferring
                  Agreement will not: (i) cause to violate any relevant laws and
                  regulations
                  of PRC; (ii) constitute a conflict with its Articles of Association
                  or
                  other organizational documents; (iii) cause to breach any Agreement
                  or
                  instruments to which it is a party or having binding obligation
                  on it, or
                  constitute the breach under any Agreement or instruments to which
                  it is a
                  party or having binding obligation on it; (iv) cause to violate
                  relevant
                  authorization of any consent or approval to it and/or any continuing
                  valid
                  condition; or (v) cause any consent or approval authorized to it
                  to be
                  suspended, removed, or into which other requests be
                  added;

              
	
                 

              	
                3.3

              	
                The
                  shares of Party B are transferable, and Party B has not permitted
                  or
                  caused any security interest to be imposed upon the shares of Party
                  B.
                  

              
	
                 

              	
                3.4

              	
                Party
                  B does not have any unpaid debt, other than (i) debt arising from
                  its
                  normal business; and (ii) debt disclosed to Party A and obtained
                  by
                  written consent of Party A; 

              

      

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      
        	
                 

              	
                3.5

              	
                Party
                  B has complied with all PRC laws and regulations applicable to
                  the
                  acquisition of assets and securities in connection with this Agreement;
                  

              
	
                 

              	
                3.6

              	
                No
                  litigation, arbitration or administrative procedure relevant to
                  the Equity
                  Interests and assets of Party B or Party B itself is in process
                  or to be
                  settled and the Parties have no knowledge of any pending or threatened
                  claim; 

              
	
                 

              	
                3.7

              	
                The
                  Transferor bears the fair and salable ownership of its Equity Interest
                  free of encumbrances of any kind, other than the security interest
                  pursuant to the Equity Pledge Agreement. 

              
	
                4.

              	
                Assignment
                  of Agreement 

              
	
                 

              	
                4.1

              	
                Party
                  B and Party C shall not transfer their rights and obligations under
                  this
                  Agreement to any third party without the prior written consent
                  of the
                  Party A. 

              
	
                 

              	
                4.2

              	
                Party
                  B and Party C hereby agrees that Party A shall be able to transfer
                  all of
                  its rights and obligation under this Agreement to any third party
                  with its
                  needs, and such transfer shall only be subject to a written notice
                  sent to
                  Party B, Party C by Party A, and no any further consent from Party
                  B and
                  Party C will be required. 

              
	
                5.

              	
                Effective
                  Date and Term 

              
	
                 

              	
                5.1

              	
                This
                  Agreement shall be effective as of the execution. 

              
	
                 

              	
                5.2

              	
                The
                  term of this Agreement is ten (10) years unless the early termination
                  in
                  accordance with this Agreement or other terms of the relevant agreements
                  stipulated by the Parties. This Agreement may be extended according
                  to the
                  written consent of Party A before the expiration of this Agreement.
                  The
                  term of extension will be decided unanimously through mutual agreement
                  of
                  the Parties. 

              
	
                 

              	
                5.3

              	
                If
                  Party A or Party B terminates by the expiration of its operating
                  period
                  (including any extended period) or other causes in the term set
                  forth in
                  Section 5.2, this Agreement shall be terminated simultaneously,
                  except
                  Party A has transferred its rights and obligations in accordance
                  with
                  Section 4.2 of this Agreement. 

              

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      
        	
                6.

              	
                Applicable
                  Law and Dispute Resolution 

              
	
                 

              	
                6.1

              	
                Applicable
                  Law. The execution, validity, construing and performance of this
                  Agreement
                  and the resolution of disputes under this Agreement shall be governed
                  by
                  the laws of PRC. 

              
	
                 

              	
                6.2

              	
                Dispute
                  Resolution. The parties shall strive to settle any dispute arising
                  from
                  the interpretation or performance in connection with this Agreement
                  through friendly consultation. In case no settlement can be reached
                  through consultation within thirty (30) days after such dispute
                  is raised,
                  each party can submit such matter to China International Economic
                  and
                  Trade Arbitration Commission (the “CIETAC”) in accordance with its rules.
                  Arbitration shall take place in Beijing and the proceedings shall
                  be
                  conducted in Chinese. Any resulting arbitration award shall be
                  final
                  conclusive and binding upon both parties.

              
	
                7.

              	
                Taxes
                  and Expenses. Each Party shall, according to the PRC laws, bear
                  any and
                  all registering taxes, costs and expenses for equity transfer arising
                  from
                  the preparation and execution of this Agreement and all Transferring
                  Agreements, and the completion of the transactions under this Agreement
                  and all Transferring Agreements. 

              
	
                8.

              	
                Notices.
                  Notices or other communications required to be given by any party
                  pursuant
                  to this Agreement shall be written in English and Chinese and delivered
                  personally or sent by registered mail or postage prepaid mail or
                  by a
                  recognized courier service or by facsimile transmission to the
                  address of
                  relevant each party or both parties set forth below or other address
                  of
                  the party or of the other addressees specified by such party from
                  time to
                  time. The date when the notice is deemed to be duly served shall
                  be
                  determined as the follows: (a) a notice delivered personally is
                  deemed
                  duly served upon the delivery; (b) a notice sent by mail is deemed
                  duly
                  served the tenth (10th) day after the date when the air registered
                  mail
                  with postage prepaid has been sent out (as is shown on the postmark),
                  or
                  the fourth (4th) day after the delivery date to the internationally
                  recognized courier service agency; and (c) a notice sent by facsimile
                  transmission is deemed duly served upon the receipt time as is
                  shown on
                  the transmission confirmation of relevant
                  documents.

              

      

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      
        	 	 	 
	
                Party
                  A

              	
                  

              	
                Haie
                  Hi-tech Engineering (Hong Kong) Company Limited 

              
	
                 

              	
                  

              	
                Address:
                  

              
	
                 

              	
                  

              	
                Attn:

              
	
                 

              	
                  

              	
                Fax:
                  

              
	
                 

              	
                  

              	
                Tel:
                  

              
	 	 
	
                Party
                  B:

              	
                  

              	
                Shanghai
                  Hai Lu Kun Lun Hi-tech Engineering Co., Ltd.

              
	
                 

              	
                  

              	
                Address:
                  

              
	
                 

              	
                  

              	
                Attn:
                  

              
	
                 

              	
                  

              	
                Fax:
                  

              
	
                 

              	
                  

              	
                Tel:
                  

              
	
                Party
                  C:

              	 	 
	 	
                Party
                  C1

              	
                WU
                  Qinghuan

              
	 	 	
                Address:

              
	 	 	
                Tel:
                  

              
	 	 	 
	 	
                Party
                  C2

              	
                ZHOU
                  Jialing

              
	 	 	
                Address:

              
	 	 	
                Tel:
                  

              
	 	 	
                Fax:
                  

              

      

      

      
        	9.	
                Confidentiality.
                  The Parties acknowledge and confirm any oral or written materials
                  exchanged by the Parties in connection with this Agreement are
                  confidential. The Parties shall maintain the secrecy and confidentiality
                  of all such materials. Without the written approval by the other
                  Parties,
                  any Party shall not disclose to any third party any relevant materials,
                  but the following circumstances shall be
                  excluded:

              

      

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      
        	
                 

              	
                a.

              	
                The
                  materials that is known or may be known by the general public (but
                  not
                  include the materials disclosed by each party receiving the materials);
                  

              
	
                 

              	
                b.

              	
                The
                  materials required to be disclosed subject to the applicable laws
                  or the
                  rules or provisions of stock exchange; or 

              
	
                 

              	
                c.

              	
                The
                  materials disclosed by each Party to its legal or financial consultant
                  relating the transaction of this Agreement, and this legal or financial
                  consultant shall comply with the confidentiality set forth in this
                  Section. The disclosure of the confidential materials by staff
                  or employed
                  institution of any Party shall be deemed as the disclosure of such
                  materials by such Party, and such Party shall bear the liabilities
                  for
                  breaching the contract. This clause shall survive whatever this
                  Agreement
                  is invalid, amended, revoked, terminated or unable to implement
                  by any
                  reason. 

              
	
                10.

              	
                Further
                  Warranties. The Parties agree to promptly execute documents reasonably
                  required to perform the provisions and the aim of this Agreement
                  or
                  documents beneficial to it, and to take actions reasonably required
                  to
                  perform the provisions and the aim of this Agreement or actions
                  beneficial
                  to it. 

              
	
                11.

              	
                Miscellaneous.
                  

              
	
                 

              	
                11.1

              	
                Amendment,
                  Modification and Supplement. Any amendment and supplement to this
                  Agreement shall only be effective is made by the Parties in writing.
                  

              
	
                 

              	
                11.2

              	
                Entire
                  Agreement. Notwithstanding the Article 5 of this Agreement, the
                  Parties
                  acknowledge that this Agreement constitutes the entire agreement
                  of the
                  Parties with respect to the subject matters therein and supercede
                  and
                  replace all prior or contemporaneous agreements and understandings
                  in verb
                  or/and in writing.

              
	
                 

              	
                11.3

              	
                Severability.
                  If any provision of this Agreement is judged as invalid or non-enforceable
                  according to relevant Laws, the provision shall be deemed invalid
                  only
                  within the applicable laws and regulations of the PRC, and the
                  validity,
                  legality and enforceability of the other provisions hereof shall
                  not be
                  affected or impaired in any way. The Parties shall, through fairly
                  consultation, replace those invalid, illegal or non-enforceable
                  provisions
                  with valid provisions that may bring the similar economic effects
                  with the
                  effects caused by those invalid, illegal or non-enforceable provisions.
                  

              

      

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      
        	
                 

              	
                11.4

              	
                Headings.
                  The headings contained in this Agreement are for the convenience
                  of
                  reference only and shall not affect the interpretation, explanation
                  or in
                  any other way the meaning of the provisions of this Agreement.
                  

              
	
                 

              	
                11.5

              	
                Language
                  and Copies. This Agreement has been executed in English in four
                  (4)
                  duplicate originals; each Party holds one (1) original and each
                  duplicate
                  original shall have the same legal effect. 

              
	
                 

              	
                11.6

              	
                Successor.
                  This Agreement shall bind and benefit the successor of each Party
                  and the
                  transferee allowed by each Party. 

              
	
                 

              	
                11.7

              	
                Survival.
                  Any obligation taking place or at term hereof prior to the end
                  or
                  termination ahead of the end of this Agreement shall continue in
                  force and
                  effect notwithstanding the occurrence of the end or termination
                  ahead of
                  the end of the Agreement. Article 6, Article 8, Article 9 and Section
                  11.7
                  hereof shall continue in force and effect after the termination
                  of this
                  Agreement. 

              
	
                 

              	
                11.8

              	
                Waiver.
                  Any Party may waive the terms and conditions of this Agreement
                  in writing
                  with the signature of the Parties. Any waiver by a Party to the
                  breach by
                  other Parties within certain situation shall not be construed as
                  a waiver
                  to any similar breach by other Parties within other situations.
                  

              

      

      

      [SIGNATURE
        PAGE FOLLOWS]

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      

       [Signature
        Page]

      

      IN
        WITNESS WHEREOF
        both
        parties hereto have caused this Agreement to be duly executed by their legal
        representatives and duly authorized representatives on their behalf as of
        the
        date first set forth above. 

      

      
        	
                PARTY
                  A: 

              	
                Haie
                  Hi-tech Engineering (Hong Kong) Company Limited 

              
	 	
                Legal/Authorized
                  Representative: /s/ WU
                  Qinghuan             

              
	 	
                Name:
                  WU Qinghuan

              
	 	
                Title:
                  Director

              
	 	 
	
                PARTY
                  B: 

              	
                Shanghai
                  Hai Lu Kun Lun Hi-tech Engineering Co., Ltd 

              
	 	
                Legal/Authorized
                  Representative: /s/ WU
                  Qinghuan             

              
	 	
                Name:
                  WU Qinghuan

              
	 	
                Title:
                  Executive Director

              

      

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      

      SIGNATURE
        PAGE FOR SHAREHOLDERS OF PARTY B

      

      PARTY
        C: SHAREHOLDERS OF PARTY B:

      

      /s/
        WU
        Qinghuan             

      By:
        WU
        Qinghuan 

      PRC
        ID
        Card No.: 320112194610111693

      Shares
        of
        Shanghai Hai Lv Kun Lu Hi-tech Engineering Co., Ltd. owned by WU Qinghuan:
        60%

      

      

      /s/ ZHOU
        Jialing  
             

      By:
        ZHOU
        Jialing 

      PRC
        ID
        Card No.: 320112195409111645

      Shares
        of
        Shanghai Hai Lv Kun Lu Hi-tech Engineering Co., Ltd. owned by ZHOU Jialing:
        40%

       

      
        
          
          

        

        
          14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]