Exhibit 10.2
FIRST AMENDMENT TO STOCK EXCHANGE AGREEMENT
AND PLAN OF REORGANIZATION
THIS FIRST AMENDMENT TO STOCK EXCHANGE AGREEMENT AND PLAN OF REORGANIZATION(the "First Amendment") dated as of September __, 2004, by and among Zeolite Mining Corporation, a Nevada corporation whose principal office is located at Unit 16, 6211 Boundary Drive West, Surrey, B.C V3X 3G7, Canada ("ZMC"); the principal ZMC shareholders listed onExhibit A (the "PRINCIPAL ZMC SHAREHOLDER"); each of the persons listed onAmended Exhibit B who are directors and principal shareholders of GNCC (collectively referred to as "SELLER"); and GLOBAL NATIONAL COMMUNICATIONS CORPORATION, a corporation organized under the laws of the British Virgin Islands whose principal office is located at 2nd Floor, Hang Tian Wei Building, Road No.2, North Part of Gaoxin Park District, Shenzhen, 518057, People's Republic of China ("GNCC").
R E C I T A L S
A. The parties have entered into the Stock Exchange Agreement and Plan of Reorganization dated as of August 10, 2004 (the "Stock Exchange Agreement") whereby ZMC intends to acquire one hundred percent (100%) of the issued and outstanding common stock of GNCC, in consideration for which ZMC shall issue to SELLER 9,800,000 shares of its Common Stock in a tax-free reorganization pursuant to Section 368(a)(1)(B) of the United States Internal Revenue Code, as amended ("Code").
B. One of the members of SELLER, Mr. Wu Yuejin has transferred his 100 shares of GNCC common stock to Mr. Wang Hanqing as of September __, 2004;
C. Jia Na De Financing Consulting Company has transferred its right to receive 1,300,000 shares of ZMC common stock to Lucky Ocean Group Ltd.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to amend the Stock Exchange Agreement as follows.
- Exhibit B and Exhibit C to the Stock Exchange Agreement are hereby amended to reflect the transfer of Mr. Wu Yuejin shares of GNCC common stock to Mr. Wang Hanqing, the result of which is reflected in the Amended Exhibit B and Amended Exhibit C hereto.
- "Jia Na De Financing Consulting Company" shall be substituted by "Lucky Ocean Group Ltd." in the entire Stock Exchange Agreement.
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- All capital terms not defined herein shall have the same meaning and definitions as provided in the Stock Exchange Agreement and all other terms not amended hereby shall remain valid and effective.
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment the day and year first above written.
ZMC: | ZEOLITE MINING CORORATION, |
| | a Nevada Corporation |
|
| | By. | /s/ Alan Brandys |
| | Its: | President and Director |
|
|
|
(Execution Pages of Principal ZMC Shareholders) |
|
PRINCIPAL ZMC SHAREHOLDER: |
|
| /s/ Alan Brandys |
| Alan Brandys |
| |
| /s/ Douglas Hopper |
| Douglas Hopper |
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(Execution page of GNCC and SELLER)
GNCC: | GLOBAL NATIONAL COMMUNICATIONS |
| CORPORATION, a corporation organized under the laws of |
| the British Virgin Islands |
|
| /s/ Wang, Hanqing |
| By: Wang, Hanqing |
| Its: President |
SELLER: | /s/ Wang, Hanqing | /s/ Peng, Xiaoyan |
| Wang, Hanqing | Peng, Xiaoyan |
| | |
| /s/ Wu, Wenbin | /s/ Ni, Ding |
| Wu, Wenbin | Ni, Ding |
| | |
| /s/ Di, Yong | /s/ Song, Xiaojia |
| Di, Yong | Song, Xiaojia |
| | |
| /s/ Lian, Hongtao | /s/ Peng, Shaodong |
| Lian, Hongtao | Peng, Shaodong |
| | |
| /s/ Bai Mei | /s/ Peng, Jihu |
| Bai Mei | Peng, Jihu |
| | |
| /s/ Cao, Yong | /s/ Zou, Jiarui |
| Cao, Yong | Zou, Jiarui |
| | |
| /s/ Cai, Lizhi | /s/ Zhang, Li |
| Cai, Lizhi | Zhang, Li |
| | |
| /s/ Wang, Lizong | |
| Wang, Lizong | |
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| EXHIBIT A | PRINCIPAL ZMC SHAREHOLDER |
| EXHIBIT B | SHAREHOLDER-DIRECTORS OF GNCC |
| EXHIBIT C | ZMC SHARES |
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EXHIBIT A
PRINCIPAL ZMC SHAREHOLDERS |
|
Alan Brandys |
6211 Boundary Drive West |
Unit 16 |
Surrey, B.C. |
V3X 3G7 |
Canada |
|
Shares held: 2,500,000 |
|
Douglas Hopper |
203-828 West Hasting Street |
Vancouver, B.C |
V6C 1C8 |
Canada |
|
Shares Held: 2,500,000 |
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AMENDED EXHIBIT B
SELLERS
NAME | No. of Shares | Percentage Ownership |
Wang, Hanqing | 5,200 | 52% |
Peng, Xiaoyan | 2,300 | 23% |
Wu, Wenbin | 1,000 | 10% |
Ni, Ding | 200 | 2% |
Di, Yong | 200 | 2% |
Song, Xiaojia | 200 | 2% |
Lian, Hongtao | 150 | 1.5% |
Peng, Shaodong | 150 | 1.5% |
Bai, Mei | 100 | 1% |
Cao, Yong | 100 | 1% |
Zou, Jiarui | 100 | 1% |
Cai, Lizhi | 100 | 1% |
Zhang, Li | 100 | 1% |
Wang, Lizong | 50 | 0.5% |
Peng, Jihu | 50 | 0.5% |
Total: | 10,000 | 100% |
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AMENDED EXHIBIT C
ZMC SHARES
Name | GNCC Shares | Percent of Class | ZMC Shares | Percent of Class |
| | | | |
Wang, Hanqing | 5,100 | 52% | 5,096,000 | 33.97% |
Peng, Xiaoyan | 2,300 | 23% | 2,254,000 | 15.03% |
Wu, Wenbin | 1,000 | 10% | 980,000 | 6.53% |
Ni, Ding | 200 | 2% | 196,000 | 1.31% |
Di, Yong | 200 | 2% | 196,000 | 1.31% |
Song, Xiaojia | 200 | 2% | 196,000 | 1.31% |
Lian, Hongtao | 150 | 1.50% | 147,000 | 0.98% |
Peng, Shaodong | 150 | 1.50% | 147,000 | 0.98% |
Bai, Mei | 100 | 1% | 98,000 | 0.65% |
Cao, Yong | 100 | 1% | 98,000 | 0.65% |
Zou, Jiarui | 100 | 1% | 98,000 | 0.65% |
Cai, Lizhi | 100 | 1% | 98,000 | 0.65% |
Zhang, Li | 100 | 1% | 98,000 | 0.65% |
Wang, Lizong | 50 | 0.50% | 49,000 | 0.33% |
Peng, Jihu | 50 | 0.50% | 49,000 | 0.33% |
| | | | |
TOTALS | 10,000 | 100.00% | 9,800,000 | 65.33% |
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