股份收購協(xié)議

本協(xié)議簽訂于2004年11月30日，
協(xié)議雙方為：
（1）A, B, C, D 和 E (以下統(tǒng)稱為“賣方”),，位于香港九龍尖沙咀赫德道1-3A號利威商業(yè)大廈302-3室,；和
（2）PSAL（以下簡稱為“買方”），其注冊辦事處 位于香港中環(huán)德輔道中141 號中國保險集團大樓706室,。

鑒于：
1. TTL（以下簡稱為“公司”）是一家依據(jù)公司法令（香港法第32章）在香港成立的,、經(jīng)營旅行相關(guān)業(yè)務的公司，其旅行社牌照號碼為No. 352742,。
2. 賣方作為該公司的股東和董事,，各自持股的詳細情況見本協(xié)議附件1。
3. 賣方現(xiàn)有意向買方出售公司的股份（簡稱“股份”）,，并且買方有意依照以下條件和條款向賣方購買該股份,。

雙方就此達成如下協(xié)議：
1. 股份買賣協(xié)議
買賣雙方同意以本協(xié)議第2條中所規(guī)定的具體對價，由賣方將其持有的100%的公司股份出售給買方,。
2. 對價
(a) 股份買賣的對價為100,000元港幣加上公司的凈資產(chǎn)，即公司的股本加上或減去截至2004年10月31日的損益額,，該損益額可根據(jù)由香港Shing & Co.注冊會計師Messrs. Alan所出具的審計員報告（“審計報告”）予以確定,。
(b) 上述對價以下列方式支付：
i. 本協(xié)議一經(jīng)簽署，買方應立即支付50,000.00港幣的定金,；
ii. 余額應在公司股份收購完成之后支付,。
3. 交割
交割日 不得遲于本協(xié)議簽署日起21天，雙方應自實際的交割日前3天書面確認具體的交割日期,，但雙方可以通過書面協(xié)議推遲上述交割日期,。
4. 賣方的保證和承諾
賣方在此保證并承諾：
(a) 賣方有權(quán)出售、轉(zhuǎn)讓或以其他方式出讓未設定抵押的股份,；
(b) 賣方應盡最大努力合法地簽署為實現(xiàn)股份買賣以及由賣方向買方適當轉(zhuǎn)讓股份所有權(quán)所需要的所有文書或文件,。
(c) 賣方應將公司在本協(xié)議簽署之前所承擔的責任,、義務、或有負債,、以及訂立的所有合同和協(xié)議全部予以披露,。
(d) 賣方應在本協(xié)議簽署之后2天內(nèi)向?qū)徲媶T提交管理財務會計報告。
(e) 賣方應請審計員編寫審計報告,，并在上述管理會計報告提交之后的14天內(nèi)將之提交給協(xié)議雙方當事人,。
5. 專業(yè)服務費
(a) 賣方同意承擔因編制審計報告而應支付的一半審計費，但賣方承擔的此等費用在任何情況下都不得超過4,000.00港幣,。
(b) 賣方和買方應自行承擔因起草和批準本協(xié)議所支出的律師費,。為避免產(chǎn)生疑問， Messrs. Kong & Chang 已收取的或?qū)⑹杖〉娜柯蓭熧M應由買方獨自負擔,。
6. 有關(guān)利威商業(yè)大廈房屋的租賃協(xié)議
(a) 本協(xié)議雙方當事人特此承認公司已經(jīng)作為出租人訂立了房屋租賃協(xié)議，該房屋位于九龍尖沙咀赫德道1-3A號利威商業(yè)大廈302-3室,，該租賃協(xié)議將于 2006年1月31日到期,。
(b) 作為締結(jié)本協(xié)議的一個先決條件，賣方應使上述辦房屋的房東：
(i) 簽署協(xié)議,，將上述租賃協(xié)議的終止期限提前至2005年2月28日,；
(ii) 安排公司的受讓人在上述租賃協(xié)議的剩余期限（即從2005年3月1日至2006年1約1日）內(nèi)接管該房屋；和
(iii) 立即向公司退還租賃定金,。
(c) 買方同意支付：
(i) 支付因轉(zhuǎn)讓上述租賃協(xié)議而應交納的一半印花稅,；和
(ii) 向賣方受讓人每月支付2,000.00港幣，作為上述租賃協(xié)議在剩余期限內(nèi)或房東與受讓人一致同意提前終止該協(xié)議的租金補助（不管哪種情形發(fā)生在先）,。在賣方受讓人提供了有關(guān)發(fā)票之后,，買方應按月支付上述費用。
7. 簽字銀行
雙方同意,，公司交割之前指定的簽字銀行仍然為該公司指定的簽字 行,，以便于公司開展日常業(yè)務，包括但不限于向供應商支付費用或結(jié)算其他應付帳款,。但雙方應善意地,、以有利于公司最大利益為目的使用指定銀行的簽字。
8. 退款或押金的沒收
(a) 如果因買方違約或買方違反了本協(xié)議的任一條款以致本協(xié)議的目的無法實現(xiàn),，則賣方有權(quán)沒收買方在簽署本協(xié)議時支付的50,000.00港幣定金,。
(b) 如果因賣方違約或違反本協(xié)議的任一條款以致本協(xié)議的目的無法實現(xiàn)，則賣方應立即退還買方在簽署本協(xié)議時支付的50,000.00港幣定金,，并再向買方支付 50,000.00港幣作為違約補償或賠償,。
9. 保密
除非在本協(xié)議期間或本協(xié)議之后征得另一方同意，并在其依據(jù)本協(xié)議適當履行本協(xié)議項 下的義務時,，本協(xié)議任何一方都不得向任何人披露有關(guān)公司業(yè)務經(jīng)營和股份買賣的任何信息,。雙方還應盡最大努力防止在未經(jīng)授權(quán)的情況下向任何第三方披露該信息,。
10. 通知
除非本協(xié)議此前另有規(guī)定，本協(xié)議要求發(fā)送的通知如果是通過掛號郵寄或投遞,、電報或電話發(fā)送至買方的注冊辦事處,，則應視為 已經(jīng)送達買方。如果給予賣方的通知也是通過類似方式發(fā)送至以下地址（即香港九龍尖沙咀赫德道1-3A號利威商業(yè)大廈302-3室）,，則也應視為已經(jīng)送達賣 方,。所有的通知在正常的傳送過程中應遞交至其寄送地址的時間均應視為是抵達時間。
11. 棄權(quán)
賣方或買方放棄追究違反本協(xié)議條款的行為并 不妨礙賣方或買方此后對該條款的執(zhí)行,，不應認為賣方或買方放棄了對此后任何違約行為追究的權(quán)利,。
12. 全部協(xié)議
本協(xié)議構(gòu)成了雙方之間的 完全合意，并且除本協(xié)議所包含的內(nèi)容之外,，不存在任何口頭或書面,、明示或默示的承諾、條件,、條款或義務,。
賣方和買方先前的全部協(xié)議和安排應被取 消，但不得損害任何一方依據(jù)本協(xié)議已經(jīng)獲得的權(quán)利,。
13. 標題
本協(xié)議的標題僅是為了便于參考而使用,，并不屬于本協(xié)議的組成部分，也不得 作為本協(xié)議解釋的依據(jù),，或以任何形式影響或限制本協(xié)議的解釋,。
14. 定義
除非依據(jù)上下文另有要求外，本協(xié)議中使用的指代男性的文字應包 含女性指代詞和中性詞在內(nèi),。本協(xié)議中的單數(shù)文字應包含復數(shù)形式,，反之亦然。
15. 適用法
本協(xié)議的生效和解釋應依據(jù)香港特別行政區(qū)的法 律,，雙方同意香港法院享有非排他性的司法管轄權(quán),。

以下是本協(xié)議雙方在本協(xié)議最初提到的日期所提供的簽字。特此為證,。

簽字人：賣方的合法代表A,，其香港的身份證號碼為No. D061356(9)

買方的代表人B

賣方已收到50,000.00港幣的股份收購押金

附件 1

各股東在策略旅運公司的持股情況

股東名稱 股份數(shù)量 股份比例(%)
A 150,000 30
B 100,000 20
C 100,000 20
D 100,000 20
E 50,000 10

500,000 100

THIS AGREEMENT is made the 30^th day of November 2004

BETWEEN

(1) YOTRAO HASHIDA, NG SUK FUN HERA, NG CHUN LEUNG FRANCIS, WONG YUET MEI 和 NG CHU KWAN BENJAMIN all of ROOMS 302-3, Lee Wai Commercial Building, Nos. 1 to 3A, Hart Avenue, Tsimshatsui, Kowloon, Hong Kong (hereinafter collectively referred to as “the Seller”) of the one part and;

(2) POPULAR FUND ASIA LIMITED whose registered office is at Room, China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong (hereinafter referred to as “the Purchaser”) of the other part.

WHEREAS:

1. TACTICS TRAVEL LIMIT (hereinafter referred to as “the Company”) is a company incorporated in Hong Kong under the Companies Ordinance (Cap. 32, Laws of Hong Kong) which operates travel related business under the Travel agents License No. 352742.

2. The Seller are the shareholders and directors of the company the respective shareholdings thereof are set out more particularly in the 1^st Schedule hereto.

3. The Seller is now desirous to sell the shares of the company( the Shares” ) to the purchaser and the Purchaser is desirous to buy the seme from the Seller for the terms and conditions as hereinafter set forth.

IT IS NOW AGREED BETWEEN THE PARTIES AS FOLLOWS:

1.AGREEMENT FOR SALE AND PURCHASE OF TH SHARES

The Seller agrees to sell and the Purchaser agrees to buy the Shares held by the Seller which represents 100% of the Share Capital of the Company at the consideration as more particularly set out in Clause 2 hereof.

2. Consideration

(a) The consideration for the sale and purchase of the Shares is HK$100,000.00 plus the Company’s net equity, namely the share capital plus or minus the amount of profit or loss as of 31^st October 2004 based on an auditor’s report( the Audit Report), certificated Public accountant, as more particularly referred to in Clause 4 (d) and (e) hereto.

(b) The said consideration is paid in the following manner:

(i) a deposit of Hk$50,000.00 shall be paid forthwith upon signing of this agreement;

(ii) The balance shall be paid upon Completion of the said sale and purchase transaction of the shares of the Company.

3. COMPLETION

The Completion shall not be of later than 21 days from the date signing of this agreement the exact date to be comfirmed by the parties hereto in writing three (3) daus prior to the actual Completion Date PROVIDED THAT the said Completion Date may be postponed by mutual agreement in writing between the parties hereto.

4.THE SELLER’S WARRANTY AND UNDERTAKING

The Seller hereby warrants and undertakes that:

(a) The Seller has the right to sell assign or otherwise transfer the shares free from encumbrances;

(b) The Seller shall use their best endeavour to duly procure the execution of all the necessary instruments or documents for the taking effect of the sale and purchase of the shares and the proper transfer of ownership of the shares from the Seller to the Purchaser.

(c) The Seller shall fully disclose the liabilities commitments contigencies of and all the contracts and agreements made by the company prior to the signing of this Agreeement.

(d) The Seller shall submit the management financial accounts to the Auditor within 2 days upon the receipt of the said management financial accounts.

5.PROFESSIONAL FEES

(a) The Seller agrees to bear half of the audit fee in relation to the preparation of the Auditor Report PROVIDED THAT the sum so borne by the Seller shall not in any event exceed HK$4,000,00.

(b) The Seller and the Purchaser shall bear its own legal fee in relation to the drafting and approval of this Agreement. For the Avoidance of doubt, all the legal fees charged or to be charged by Messrs. Kong & Chang shall be solely borne by the Purchaser.

6. TENANCY AGREEMENT FOR THE PREMISES AT LEE WAI COMMERCIAL BUILDING

(a) both parties hereto hereby acknowledge that the company has enterred into a Tenancy Agreement as the tenant in respect of the premises known as Rooms 302-3, Lee Wai Commercial Building, No. 1-3A Hart Avenue Tsimshatsui, Kowloon which will expire on 31^st January 2006.

(b) The Seller shall, as a condition precedent to this Agreement, procure the Landlord of the said premises to:

(i) ente into an agreement for the early termination of the said Tenancy Agreement on 28^th February 2005;

(ii) Arrange the residue of the term of the said Tenancy, namely, from 1^st March 2005 to 31^st January 2006, to be taken over by the assignee of the Company; and

(iii) Forthwith refund the rental deposit to the Company.

(c) The Purchaser agrees to pay:

(i) half of the stamp duty involved in the seller’s assignment or transfer of the said Tenancy Agreement; and

(ii) Hk$2,000,00 per month to the seller’s assignee as subsidy of the rental for the residue of the term of the said Tenancy Agreement or such earlier termination thereof as may be agreed between the landlord and the assignee, whichever is earlier. Payment of the said Hk$2,000,00 shall be made monthly upon the presentation of the relevant invoice by the seller’s assignee.

7. Bank Signatories

Both parties hereto agree that the Company’s Authorized bank signatories prior to Completion of the sale and purchase of the Shares shall continue to be the authorized signatories of the Company to facilitate the daily operation of the Company including, inter alia, the payment to the supplier or settle other account payables PROVIDED ALWAYS that the use of the authorized signatures shall be in bona fide manner for the best interest of the Company.

8. FORFEITURE OR REFUND OF DEPOSITS

(a) If due to the default of the Purchaser or the breach of any terms of this Agreement on the part of the purchaser which render this Agreement unable to be completed the Seller shall have to right to forfeit the Hk$50,000,00 deposit paid at the signing of this Agreement.

(b) If due to the default of the Seller or the breach of any terms of this Agreement unable to be completed the Seller shall forthwith refund the HK$50,000.00 deposit and pay the Purchaser an additional Hk$50,000.00 as compensatin or damages for the said default or breach.

9. CONFIDENTIALITY

No party to this Agreement shall except with the approval of the other party either during the term of this agreement or thereafter, except in the proper course of performing its obligations and duties under this Agreement, disclose or divulge to any person of any information concerning the business of the Company and the sale and pruchase of the shares. Both parties hereto shall also use their best endeavour to prevent the unauthorized disclosure of such information to any third parties.

10. NOTICE

Save as hereinbefore expressly provided otherwise any notice requried to be givven hereinunder shall be sufficiently given to the Purchaser if forwarded by registered post recorded delivery telex or telegraph to the registered office of the Purchaser and shall be sufficiently given to the Seller if similarly forwarded to the following address, that is, Rooms 302-3, Lee Wai Commercial Building, Nos. 1 to 3A, Hart Avenue, Tsimshatsuidinary cour, Kowloon, Hong Kong. Every notice shall be deemed to have been received and given at the time when in the ordinary course of transmission it should have been delivered at the address to which it was sent.

11. WAIVER

The waiver by the Seller or the Purchaser of any breach of any term of this Agreement shall not prevent subsequent enforcement of that term by the Seller or the Purchaser against each other and shall not be deemed a waiver of any subsequent breach.

12. ENTIRE AGREEMENT

The Agreement embodies the entire aragreemetn between the parties hereto and therens are no promises terms conditions or obligations oral or written express or implied other than those contained herein.

All previous agreements and arrangements if any made between the Seller and the Purchaser are hereby cancelled but without prejudice to any rights which have already accrued thereunder to either party.

13. HEAD NOTES

The head notes are intended for guidance only and do not form part of this Agreement nor shall any of the provisions in this Agreement be construed or interpreted by reference thereto or in any way affected or limited thereby.

14.DEFINATIONS

.Unless the context otherwise requires, words herein importing the masculine gender shall include the feminine and neuter gender and words herein in the singular shall include the plural and vice versa.

15.GOVERNING LAW

This Agreement shall be construded and taken effect in accordance with the law of the Hong Kong Special Administrative Region and the parties hereto agree to submit themselves to the non exclusive jurisdition of the Hong Kong Court.

AS WITNESS the hands of Parties hereto the day and year fist above written

SIGNED BY NG SUK FUN HEAR, holder of Hong Kong Identity Card NO. D061356(9), the lawful respresentative of the Seller in the presence of :

SIGNED BY Leung Ka May, Liza its director, on behalf of the Purchaser in the presence of:

RECEIVED by the Seller the sum of Hk$50,000.00 being the deposit of the sale and purchase of the Shares

Schedule 1

Respective shareholdings in Tactics Travel Limited

Name of shareholders Nos of Shares Shareholdings(%)

Yotaro Hashida 150,000 30

Ng Suk Fun Hera 100,000 20

Ng Chun Leung Francis 100,000 20

Wong Yuet Mei 100,000 20

Ng Chu Kwan Benjamin 50,000 10

500,000 100