exhibit 10. 2 english summary of the conditional sale and purchase agreement date : july 10, 2010 wonder auto limited ( as the seller a ) and yearcity limited ( as the seller b ) and jin ying limited ( as the buyer ) conditional sales and purchase agreement re 4, 015 outstanding shares of applaud group limited index clause no. clause no. headings headings 1 interpretation 2 purchase and sales of shares 3 3 pre - conditions 4 consideration 3 5 completion of transaction 4 6 warranties & covenants 5 7 confidentiality 5 8 other warrants 5 9 notification 5 10 time and no waiver 6 11 partial default 6 12 revision 6 13 consignment 14 integration of agreement 7 15 cost, expense and taxes 7 16 duplicates 7 17 governing law, jurisdiction and receiving agent 7 18 common and individual responsibility attachment i – description of the public company attachment ii – description of the company attachment iii - relevant warranties this agreement is signed by the parties below on the 10th day of july, 2010 : between : ( 1 ) ( a ) wonder auto limited, a company duly established and existing under the laws of bvi, with registered office at p. o. box957, offshore incorporations centre, road town, tortola, british virgin islands ( hereinafter “ seller a ” ) and ( b ) yearcity limited, a company duly established and existing under the laws of bvi, with registered office at p. o. box957, offshore incorporations centre, road town, tortola, british virgin islands ( hereinafter “ seller b ” ), watg and yearcity limited are collectively referred to as the “ sellers ” ( 2 ) jin ying limited, a company duly established and existing under the laws of bvi, with registered office at p. o. box957, offshore incorporations centre, road town, tortola, british virgin islands ( hereinafter “ buyer ” ) 。 whereas, ( i ) ( i ) jinheng automotive safety technology holdings limited ( “ listed company ” ）, a company established under the laws of cayman islands. as at the date of this agreement, authorized capital of the listed company is 100, 000, 000hk dollar and totally divided into 10, 000, 000, 000 common stocks ( “ shares of listed company ” ). with per value of 0. 01 and 476, 548, 888 stock shares, the company was listed on