Attached files

file filename
10-Q/A - FORM 10-Q/A - ANV SECURITY GROUP INC.f93010qa1.htm
EX-10 - EXHIBIT 10.1 - ANV SECURITY GROUP INC.ex101.htm
EX-31 - EXHIBIT 31.2 - ANV SECURITY GROUP INC.exhibit312.htm
EX-31 - EXHIBIT 31.1 - ANV SECURITY GROUP INC.exhibit311.htm
EX-32 - EXHIBIT 32.1 - ANV SECURITY GROUP INC.exhibit321.htm
EX-32 - EXHIBIT 32.2 - ANV SECURITY GROUP INC.exhibit322.htm



EXHIBIT 10.2

         

VIE ()

Global Intelligent Eye Digital Technology Co., Ltd. Shenzhen

VIE (variable interest entities) way to reverse merger

Overall agreement


Contents


Entrusted Management Agreement

Shareholders proxy votes agreement

Exclusive options agreement

Equity Pledge Agreement







1





Entrusted Management Agreement

20111130

Entrusted management agreement (hereinafter referred to as the "Agreement") signed on November 30, 2011 in Shenzhen, China.

A

Company A: Refers to the Global Intelligent Eye Digital Technology Co., Ltd. Shenzhen.

B

Company B: Refers to the ANV Security Group (Asia) Limited, USA.


1. 120101196412173036

A75%

Party A: 1, Wang Weixing, Chinese citizen, ID card number: 120101196412173036 hold 75% stake in Company A.

2. 4403011977302207717

2, Feng Chun, Chinese citizen, ID card number: 4403011977302207717

 hold 25% stake in Company A.

A440301105842651

A Company (operating company) is a existing enterprises in China in

accordance with Chinese law, business license number 440,301,105,842,651,

registered address Tsinghua Hi-Tech Park, Nanshan District, Shenzhen City.  

B-


2






B1402798

Party B: Company B - ANV Security Group (Asia) Limited USA.

Company B is a limited liability company incorporated in Hong Kong, business license number is 1402798.

In view of

1AAA2

1, Party A Company and all shareholders holding all of the shares of Company A in this Agreement, Company A and its two shareholders as the agreement to a party.

21402798

2, Part B, an incorporated and validly existing Hong Kong company in accordance with the laws of Hong Kong, the business license no,1402798, registered address, Wan Chai, Hong Kong.

3A

3, Party A, intend to entrust Party B to operate company A.

4A

4, Part B, agrees to accept the commission, on behalf of the Party A management Company A.

Accordingly, in accordance with Chinese laws and regulations, the two parties based on the principle of equality and mutual benefit and through friendly consultations, reached the following terms and conditions are provided compliance with.



3






???

            Article No.1: Entrusted management

1.1

AA

1.1, Party A agrees to the terms of this Agreement to entrust Party B to Company A, Party B agrees that Company A in accordance with the terms of this Agreement.

1.2

1.2, This Agreement there is a deadline date until one of the following circumstances to terminate the agreement came into effect.

(1)

A

(1) Company A terminates the operating period or follow-up with company.

(2)

A

(2) Party B to complete the acquisition of Company A.

1.3

A

1.3 During the commissioned period, Party B should be solely responsible for the management of Company A, but not limited to the following management services.

1)

A

1) Party B shall be solely responsible for the operations of Company A, Including the appointment and dismissal of members of the Board and hiring the management staff. Party A or their polling agents according to the resolution of the board of Party B make shareholder resolutions and board resolution.



4





2) AA使A

2) Party B is entitled to all the assets of the management and control of Company A, Company A should open a discretionary account or specify an existing account as a discretionary account. Party B shall have the right to use entrust funds in the account signer of the account designated by Party B or confirm. Company A all funds should be stored in a discretionary account, Including but not limited:

3) A

3) Party B will have full control and management of Company A's financial matters and day-to-day operations. For example, the signing of contracts and execution, Taxes and fees to pay, etc.

4) A

  4) Company A will require additional funding to maintain the company's  

  operations. Party B shall provide the extra funds through bank loans or other   

  means and the same time Party A shall provide the necessary assistance.



5






1.4

AAA130 使AAAAA

1.4  Taking into account the following services provided by Party B. Party A shall pay to Party B and Company A's after-tax income equal to entrusted management fees. Commissioned the management fees are as follows: Of this Agreement, entrusted management fee shall be in equal installments over the estimated after-tax income of Company A. Is the annual revenue deduction of operating costs, expenses and taxes (except income tax) proceeds. Company A no need to pay the entrusted management fee, if income tax is zero. In case of a loss carried forward to next year, offset by the following year entrusted management fee. Both sides should calculate that the Party A should be paid entrusted management fee before January 30 of this year. Entrusted management fee each year shall be adjusted once before after year-end tax returns (annual adjustment), so that Company A for the year quarter after-tax profits to zero. Party B shall bear the Company A entrusted with the management of all operational risks and losses incurred. If Company A lack of sufficient funds to repay the debt owed by Party B shall pay off the debt on behalf of Company A. If Company A's net assets below its registered capital, Party B shall compensate for the deficit.



6






???

  Article No. 2: The rights and obligations of both parties

2.1

2.1 Under the terms of the agreement, Party A's rights and obligations as follows:

1)

AA

1) Company A management rights within the validity period of the agreement will be transferred to Party B, will include all operational information, including Company A business license and company seal to be transferred to Party B.

2)

A

2) Without Party B agrees, Party A has no right to make any decision of Company A business.

3)

A

3) Reserves the right at any time aware of Company A's operating conditions and recommendations.

4)

4) Assist Party B in accordance with Party B's request for entrusted management.

5)

5) To fulfill their obligations, and shall not violate the agreement in accordance with the provisions of the shareholder vote in the agency agreement.

6)

A

6) Party B on Company A's management may use of the identity of the shareholders to any form of interference.



7






7)

A

7) Without the Party B agree, may not mandate or grant the rights of shareholders of the Company A third party outside of the party B.

8)

A

8) Without Party B agree may not entrusted in addition to third parties in any way other than Party B management Company A.

9)

9) Unilaterally terminate this Agreement for any reason, or

10)

10) Enjoy the other rights and fulfill other obligations under this Agreement.


2.2

2.2 Under the terms of the agreement including rights and obligations of party B.

1)

A

1) The right to enjoy the independence and discretionary management of Company A.

2)

A

2) Entitled to all the assets of the disposal of Company A.

3)

AA

3) During the entrusted management period enjoy the profits of the Company A and also bear the Company A's loss.

4)

A

4) Appoint all the directors of the Company A.

5)

A



8





5) Appoint the Company A's general manager, deputy general manager, financial manager and other senior management personnel.

6)

A

6) In accordance with the agency agreement of shareholders vote "Convene the meeting of the shareholders of Company A" and signed the shareholders resolution.

7)

7) Enjoy the other rights and fulfill other obligations under this Agreement.


???

       Article No.3: Guarantee and commitment terms

The parties make the following guarantees and commitments to each other since the agreement date.


1)

1) Authorized to sign the agreement and have the ability to perform the agreement.

2)

2) The two sides should keep the form of a shareholders' resolution to authorize the implementation of the agreement and handover.

3)

3) The parties execute this Agreement on behalf of staff has been the appropriate authority.

4)

4) After the implementation of the agreement, both parties do not have a reason to prevent this Agreement shall be binding on both sides and prevent the agreement effectiveness.



9






5)

5) Will not perform obligations.

?

1. Violation of the terms of the respective business license, articles of incorporation or other similar documents.

?

2. Violation of Chinese laws and regulations or other government regulations.

?

3. Cause this party to an agreement to participate in breach of contract.


???

             Article No. 4: Effectiveness

This Agreement by both sides authorized representative signed and sealed by take effect.


???

 

       Article No. 5: Liability for breach of contract

The period of the agreement, in violation of any provision of this Agreement shall be deemed a breach of contract the defaulting party should bear the loss caused by non-defaulting party for breach of contract.



10






???

              Article No. 6:  Force majeure

Any party fails to fulfill part of the terms of the contract or due to force majeure, should not be regarded as breach of contract. Affected party required the first time to collect evidence of force majeure, fails to perform due to force majeure, the consequences of the contract resolved through consultation by both sides.


???

                  Article No. 7: Applicable laws

As per the agreement, effect, understand and implement, as well as dispute settlement according to the People's Republic of China relevant laws and regulations.

???

             Article No. 8:  Dispute Resolution



11





Any dispute arising as a result of this Agreement shall be first settled through friendly consultation. If not resolved through negotiation, either party shall be entitled to submit the dispute to China International Economic and Trade Arbitration Commission. The place of arbitration is Beijing. The arbitral ruling is the final result and the two sides are binding of it.


???

            Article No. 9: Confidential clauses  

9.1

9.1 Judicial authorities or government departments are required by law or agreements, the consent of the other party. The both parties should make the right of access and understanding of the employee or representative of the terms of this Agreement strictly confidential. May not disclosed to third parties any of the terms or that party or person shall bear the corresponding legal responsibility.


9.2

9.2 The first article of confidentiality obligation is not because of the termination of this Agreement is terminated.

???

            Article No. 10: Terms of divisibility

1o.1

10.1 Laws and regulations which led to this Agreement any of the provisions to be invalid or unenforceable. This clause is invalid but does not affect the remaining validity of other provisions.



12






10.2

10.2 The previous section of the case, both parties through friendly consultations as soon as possible to prepare a supplemental agreement to replace the invalid provisions.


????

              Article No. 11: Not Waiver Clause

11.1 使

11.1 Any party failures or delays in the exercise of its rights under this agreement do not constitute a waiver of that right.

11.2

11.2 Any party carrying out the agreement errors require the other party to

Perform under its agreement justice service, shall not be deemed to give up its

right to request each other in the future to meet those obligations

11.3

11.3 If a party to excuse the other party does not fulfill some of the provisions

of this Agreement, excuse shall be regarded as an excuse for the other party

fails to perform the same terms.

????

            Article No. 12: Non-transferable terms


13





Unless the agreement specified that, without the other party's prior written consent. Any party any rights or obligations of this Agreement shall be assigned neither to third parties nor to provide third party guarantees or similar acts.


????

               Article No. 13: Other matters

13.1

13.1 All taxes arising as a result of the implementation of this agreement

and delegated administration period should be in accordance with the

laws and regulations by the Contracting Parties respective responsibilities.

13.2

13.2 This Agreement reached into force by the both parties any amendment

shall become an integral part of this Agreement and has the same legal effect.

In the case of amendments to this Agreement are inconsistent, amendments

should prevail. If several times amended with the latest revision date shall

prevail.

13.34

13.3 This agreement has two versions in English and Chinese, in case of

conflict, Chinese version shall prevail. There are four original copies of

Chinese and English versions. Each party holds a copy of the Chinese and

English the rest will be used for government registration or use for other the

necessary use.



14






13.4

13.4 This agreement will take effect from the date of signing by both parties.

A

Party A: Global Intelligent Eye Digital Technology Co., Ltd. Shenzhen (As Company A)

1

Shareholder 1: Wang Weixing

2

Shareholder 2: Feng Chun

B

      

Party B:

Party B: ANV Security Group (Asia) Limited, USA. (As Company B)

Authorized representative


Party B:


Shareholders entrust agency agreement

20111130

This Agreement signed by the following parties on November 30, 2011 in Shenzhen, China.

B-

Party A: Company B (Hong Kong Company) ANV Security Group (Asia) Limited, USA.

Address: Hong Kong Wan Chai District

WILSON WANG

Legal Representative: WILSON WANG



15






1. 120101196412173036

           4403011977302207717

Party B: 1. Wang Weixing Chinese citizen ID card number: 120101196412173036.


Chun Feng Chinese citizen ID card number: 4403011977302207717    

In view of:

1.

1. Party A, in accordance with laws of Hong Kong established Hong Kong Limited company.

2.

AA2

2. As at date of this Agreement, Party B for the shareholders of Company A (operating company) legally holder of the Company A shares. In this Agreement Party B, signed internal agreement between 2 people as the common party.

3.

使A

3. Party B intends to specify the personnel appointed by the Party A to exercise its voting rights of shareholders in the general meeting of shareholders of the Company A and the Party A is willing to appoint such a person.

The two sides reached the following agreement on the basis of friendly consultation, the purpose of compliance with:

1.

使AAAA



16





1. Party B agrees to irrevocably specified personnel appointed by the Party A the exclusive correspondent for the provisions of the laws and Articles of Company A shareholders general meeting and the Company A shareholders' voting rights, including but not limited to sale or transfer the rights of all or part of Company A shareholders' equity, delegate and electoral of directors and chairman of A Company authorized legal representative.

2.

2. Party As appointed personnel should be all Party A directors (power of attorney holders). Party A agrees, should maintain their parent companies located outside the Board membership and composition consistent with the Board of Directors.

3.

1使

3. Party A agrees to accordance with this Agreement article 1 appoint the power of attorney. Powers of attorney on behalf of Party B exercise their voting right.

4.

A使A

4. Each party to the agreement understand, regardless of any change in shareholders' equity of the Company A, Party B should specify the personnel appointed by the Party A to exercise shareholders' voting rights. Party B shall not be in the Company A's shareholders' equity transferred to Party A or specified individual or business outside the other person or company.

5.

使A



17





5. Party B members to understand that they should continue to enforce this Agreement even if one of the members no longer have the equity of the Company A.

6.

使A

6. Party B to understand that if Party A replace the assigned personnel and re-appoint substitute personnel as a new Power of attorney to exercise the voting rights of its shareholders at the general meeting of shareholders of the Company A. They should revoke Party A appointed persons designated.

7.

7. This agreement has mentioned earlier the date of the signing of both sides and authorized on behalf of execution. Once the execution to take effect.

8.

A

8. In this Agreement Party B complete the acquisition of equity or assets of Company A and should not be terminated.

9.

9. Any modification of this Agreement and termination shall be by the agreement of mutual written agreement.

10.

10. This agreement is provide for Validity, interpretation and fulfillment and settlement of disputes arising from this Agreement are subject to the jurisdiction of Chinese law.

10.

11. This agreement has two versions Chinese and English, photo copy of original has the same legal effect.

   

The two Chinese, English versions in case of conflict the Chinese version

shall prevail.



18






Part A: ANV Security Group (Asia) Limited, USA.

Authorized representative

1.

Party B: 1. Wang Weixing

2.

2. Feng Chun



19






Exclusive options to agreement

20111130

This Agreement by the following three parties signed on November 30, 2011 in Shenzhen, China.

B

Party A: Company B (Hong Kong Company Limited)

That is ANV Security Group (Asia) Limited, USA.

Address: Hong Kong Wan Chai District

WILSON WANG

Legal Representative: Wilson Wang

1. 120101196412173036

   2. 4403011977302207717

Party B:


1. Wang Weixing Chinese citizen ID card number: 120101196412173036.


2. Chun Feng Chinese citizen ID card number: 4403011977302207717

A440301105842651

Company A (operating company) is a existing enterprises in China in accordance with Chinese law, business license number 440,301,105,842,651 registered address Tsinghua Hi-Tech Park, Science & Technology Park, Nanshan District, Shenzhen.



20







A

Party C: Company A (operating company) that is Global Intelligent Eye Digital Technology Co., Ltd. Shenzhen.

 

Address: Tsinghua Hi-Tech Park, Science & Technology Park, Nanshan District, Shenzhen

Legal Representative: Feng Chun

In view of:


1.

1. Party A, established in accordance with the laws of Hong Kong enterprises in Hong Kong.

2.

2. Party C is a limited liability company registered and established in Nanshan District, Shenzhen and obtained the business license issued by the Shenzhen Municipal Administration for Industry and Commerce.

3.

2A

3. As of the date of this Agreement, Party B to Party C shareholders legally holds all the shares of Party C. In this agreement, Party B two shareholders, the Party C and Company A

, ,

Accordingly, after mutual consultation parties to the agreement reached the following agreement provided for compliance with.

1.

1. Option to purchase commitment and exercise



21






1.3使

Commitments: Party B undertakes to Party A has an exclusive option to

Purchase an irrevocable. Party A shall have the right to purchase all or part

of the shares of Party C held by Party B or accordance with this agreement

1.3 agreed circumstances, the right to purchase Party C all or part of the

assets. The purchase option is irrevocable and can only be exercised by

the Party A or the designated officer"Staff" includes the business entity,

company, partnership, joint venture and non-corporate organizations

使使便便使



22





Exercise process: Party A prior to the exercise of its option to purchase

write notice to Party B. The second day of receiving the notification Party B

and Party C collaborate Party A or the designated officer should be

immediately prepare a complete set of documents to be submitted to

government agencies to approved the exercise of the option related to the

transfer of ownership or assets of the file. In order to achieve equity or

assets in whole or in part is for sale.Once the preparation work for these

transfer documents completed and recognized by Party A, Party B and

Party C. These transfer documents should be immediately and

unconditionally authorized to approve, permit, registration, written

documents, and other necessary authorization for the implementation of

Party C equity related to the exercise of the option and the transfer of

remaining assets.

使

Vesting conditions: When a Party A considers the acquisition of Party C is

necessary and in accordance with Chinese laws and regulations, Party A

may immediately exercise the option to purchase Party C shareholders'

equity or surplus assets.

2.

使

2. Purchasing price:


Under the conditions of exercise of the option, the Party A and Party B shall sign the relevant agreements related to the purchase price. Under the premise of the acquisition does not violate relevant laws or regulations and the real effective, Party A shall make a careful decision time and arrangements for the deployment of the acquisition.

3.



23





3. Commitments and guarantees

3.1

12

3.1 The parties to the agreement should ensure the other party: (1) has the necessary rights, power and authority of the signing of this Agreement and to perform the obligations of this Agreement, and (2) the execution or implementation of this Agreement does not violate this Agreement any party involved in or any party to this Agreement or its assets other major constraints contract.

3.2

123

3.2 Party B to Party A Commitment: (1) They are legally registered shareholders of Party C and has registered capital of Party C on their respective subscribed that is wholly owned. In addition to the "Equity Pledge Agreement" Party B is not of its equity interest in Party C to do any mortgage or pledge (3) Party B does not or will not be sold from the shareholders' equity of Party C to any third party.

3.3

12

3.3. Party C to Party A Commitment: Party C is a limited liability company registered in accordance with the laws of the People's Republic of China. (2) The operation of its business in all significant respects in compliance with existing laws of the People's Republic of China.



24






4.

4. Agreement

The agreement between the parties further agreed as follows:

4.1

/

4.1 Party A executive purchase option before the acquisition of Party C all equity / assets to Party C

4.1.1

4.1.1 Shall not sell, transfer, mortgage, or other methods of disposal of or any form of obstruction and its assets, operating or income-related legal or beneficial interest (Unless they sell, transfer, mortgage, disposal of, or impede the Party C daily operation, or has advised the Party with a written consent)

4.1.2

4.1.2 Shall not be involved in any possibility of its assets, liabilities, operations, shareholders' equity, or other legal rights a major impact on the transaction (unless these transactions and Party C day-to-day operations, or has advised the Party A with a written consent).

4.1.3

4.1.3 Shall not be assigned in any form to its shareholders any dividend.

4.2

//

4.2 Party A perform purchase option before the acquisition of Party C all equity / assets to Party B and / or Party C.



25






4.2.1

4.2.1 Shall not add in any form respectively or collectively that modify the Party C charter reached such an extent result. These additions or modifications may have a significant impact on its assets, liabilities, operations, shareholders' equity, or other legal rights.

4.2.2

使

4.2.2 Party C shall not individually or collectively involved in any transaction reach the extent that these transactions may to its assets, liabilities, operations, shareholders' equity, or other legal rights have a significant impact (unless these related to transactions and Party C day-to-day operations or have already inform the Party A with a written consent).

4.3

4.3 Accordance with the "agreement on entrusted management" Party B shall entrust Party A to Party C.


5.

5. Transfer Agreement

5.1

5.1 Without the Party A prior written consent, Party B and Party C shall not transfer its rights and obligations in this Agreement to other third party.

5.2


26






5.2 Party B and Party C agree: as long as the Party A is willing, Party A is entitled the rights and obligations in this Agreement to be transferred to other third party. The transfer just a written notice of Party A to Party B and Party C, without the consent of Party B and Party C.

6.

6. The confidentiality

The parties to the agreement understand and identify with this Agreement to any oral or written materials are confidential, and to deal with these materials confidential. Without the written authorization of the other parties, any party shall not disclose the material to third parties, except for the following circumstances.

a.

a. These materials are known to the public or will be made known to the public (except for the receipt of the material disclosed to the public these materials)

b.

b. Accordance with existing laws or regulations or stock exchange regulations, these materials should be disclosed to the public.



27






c.

6

c. Party to the agreement that their legal or financial advisers disclose the material and this agreement transaction is expected and legal or financial advisers should comply with the confidentiality provisions of this Agreement. Either party of the agreement employees from divulging any confidential material leaked materials as the party of the agreement the party shall be responsible for the breach of contract. Secrecy provisions of section 6 of this agreement not invalid by reason of this agreement modified, revoked, terminated or terminated for some reason and unable to perform.

7.

7. Breach of contract

Any violation of the terms of this Agreement and not fully perform or error to fulfill the obligations of this agreement, make any false promise to not make an important disclosure or omission of any significant matters, or failure to perform any party to the terms of this Agreement shall constitute breach of contract. Defaulting party shall be responsible for the breach in accordance with applicable law.



28







8.

8. Applicable law and Settlement of Disputes

8.1

8.1 Applicable laws

The implementation of this agreement, validity, understanding and implementation of this Agreement Disputes to resolve by applicable laws of the People's Republic of China

8.2

8.2 Disputed settlement

    30

Understanding or implementation of this Agreement and any dispute shall

first be resolved through friendly consultations. If within 30 days after the

controversy arose through consultation is not resolved, either party shall be

entitled to submit the dispute to China International Economic and Trade

Arbitration Commission. The place of arbitration is in Beijing. The arbitral

decision is the final and two sides are binding upon.

9.

9. Effectiveness and termination of the agreement

9.1

9.1 After the start of the agreement, the agreement is valid and continued.

9.2

30



29





9.2 Unless the Party A giving 30 days notices to the other party to terminate this agreement, otherwise there is no agreement and all parties unanimously agreed that this agreement shall not terminate.

10.

10. Other matters

10.1

 

10.1 The agreement amendments changes and additions

Amendments and additions of this Agreement required the partys written consent. By the changes and additions part of Parties hereto the implementation of this Agreement shall be considered as an integral part of and with this the agreement as legally binding.

10.2

 

10.2 The complete terms

     

The parties confirm that this Agreement constitutes the entire agreement

related to the subject matter of the contract, the parties to the agreement

and replace all prior or contemporaneous agreements, oral or written

understanding.

10.3

 



30





10.3 Divisibility Terms

便

According to Chinese laws or regulations any terms of this agreement is declared invalid or unenforceable then that provision be deemed invalid only within China, while the remaining other terms of the validity, legality, and enforceability should not be subject to any impact. The parties to the agreement should be with spirit of honesty, through friendly consultations prepare an effective agreement to replace the invalid or unenforceable terms to replace the terms can bring the invalid or unenforceable, the terms to be generated by the same economic impact.

10.4

 

10.4 Title

  便

The title of this Agreement for reference purposes only and does not affect the understanding, interpretation or the meaning of the provisions of this Agreement.

10.5

 

10.5 Language and version

     

This agreement has two versions English and Chinese in the case of

disputes Chinese version shall prevail. Each version of this Agreement in

three copies, one for each Party. The photo copy of the original has the

same legal effect.



31






10.6

 

10.6 Successor

Successor or assignee of this Agreement is binding to all parties to protect

their interests.

B

Party A: Company B, That is ANV Security Group (Asia) Limited, USA.

      

Authorized representative

Party B:  

1

1, Wang Weixing

2

2, Feng Chun

A

Party C: Company A (operating company) that is Global Intelligent Eye Digital Technology Co., Ltd. Shenzhen.

Legal Representative: Feng Chun



32






                       

Equity Pledge Agreement


Party A: Pledge

1.

120101196412173036

A75%

1. Wang Weixing, Chinese citizen, ID card number: 120101196412173036 hold 75% stake in Company A.

   2. 4403011977302207717

    

2. Feng Chun, Chinese citizen, ID card number: 4403011977302207717

 hold 25% stake in Company A.

Party B: Substrate person

B1402798

20111130

Company B is a Hong Kong registered company and business license number is 1402798.

Signed on November 30, 2011 in Shenzhen, China



33





In view of

1.

AA2

1402798

1. Party A including Company A (carriers) of all shareholders, these shareholders holding all of Company A's shares. Party A, 2 people become as part of the agreement of the same party. Party B is a Hong Kong registered and established in accordance with the law of Hong Kong companies. The business licenses no 1402798 & registered address: Wan Chai district Hong Kong.

2.

A 440301105842651

2. Company A is established and registered in China with the law of the Peoples Republic of China. Business licenses no 440301105842651 and registered address: Tsinghua Hi Tech Park, Science and Technology Park, Nanshan District Shenzhen.

3.

AAAA100%

3. Party B intends to acquire all the shares or assets of Company A. Before the acquisition is complete the Party A agreed to entrust Party B the management of Company A and the sale of Company A part of the operating assets to party B. For the interests of the protection of Party B, Party A agrees to Company A 100% equity pledged to party B.



34






4.

4. Party B agrees to accept the equity of the Party pledge. Compliance with applicable laws and regulations in accordance with the People's Republic of China, the both parties in line with the principles of equality and mutual benefit and through friendly consultations, reached the following terms and conditions.

???

Article.1: Warranty obligations

Pledge of the shares should ensure the participation of Party A and Party B. In all the agreements give the rights and interests of Party A.

???

Article 2: Pledged property

A100%

This agreement called the pledged property is composed. Party A holds 100% equity in Company A and by this produced legitimate income.

???

Article no. 3: The scope of guarantees obligation

The scope of guarantee obligations of Party A and Party B to sign the agreements to give all the rights and interests of Party A

???



35





Article no. 4: Pledge process and the registration of pledge

30

Within 30 days after the signing of this Agreement, Party A shall go to Administration of Industry and Commerce Shen Zhen for pledged equity and pledge registration process.

???

Article no.5: Pledge the equity transfer

During this Agreement, without the permission of Party B, Party A shall not transfer the pledged equity.

???

Article no.6: The effectiveness modification and termination of the agreement

6.1

6.1: This Agreement will take effect after both parties stamped and signed by the authorized representatives.

6.2

6.2 Once the agreement comes into effect unless the parties agree, either

party may modify or terminate this Agreement. After mutual consultation any

modification or termination shall be presented in writing. In writing by both

parties agree to amend or terminate this Agreement, the terms of this

agreement is binding on both parties.

???

Article no.7: Applicable laws



36





The implementation of this agreement, validity, interpretation, and fulfillment and settlement of disputes arising from this Agreement are subject to the Chinese jurisdiction law.


???

Article no.8: Liability for breach of contract

Once the agreement comes into effect, the each parties fulfill the obligations stipulated in the agreement. If failed to fulfill the obligations of the agreement, whether single or as a whole should be regarded as breach of contract, the breaching party shall compensate for breaching the contract caused by the loss of non breaching party.

???

Article no.9: Dispute Resolution

30

Understanding or implementation of this Agreement and any dispute shall first be resolved through friendly consultations. If within 30 days after the controversy arose through consultation is not resolved, either party shall be entitled to submit the dispute to China International Economic and Trade Arbitration Commission. The place of arbitration is in Beijing. The arbitral decision is the final decision and two sides are binding.

???

Article no.10: Separability of provisions

10.1



37





10.1 Laws and regulations and any Terms of this Agreement is invalid or

unenforceable but does not affect the remaining validity of other provisions.

10.2

10.2 The first section of the case both parties through friendly consultations as

soon as possible prepare a supplemental agreement to replace such invalid

provisions.

 

Article no.11: Other matters

11.1 便

11.1 The titles in this Agreement for reference purposes only it does not affect

the understanding, interpretation or the meaning of the terms of this

Agreement

11.2 , 2

11.2: This agreement has Chinese & English versions each one two copies,

each party holds An original English and Chinese version agreement, the

remaining documents are to complete related procedures. Photo copy of each

has the same legal effect. Incase of conflict between two versions Chinese &

English Chinese version shall prevail.

11.3

11.3 After the signing all the parties enforce this Agreement.

Party A: Pledge

1.

1. Wang Weixing

2.

2. Feng Chun



38






Party B: Substrate person

B

Company B, That is ANV Security Group (Asia) Limited, USA.

Authorized representative:



39