STOCK PURCHASE AGREEMENT AND SHARE EXCHANGE by and among HAMMER HANDLE ENTERPRISES, INC. a Nevada Corporation; and BOOM SPRING INTERNATIONAL LIMITED a BVI Corporation; and SHENGTANG CRAFT DESIGN (SHENZHEN) CO., LTD. a PRC Corporation effective as of...

Exhibit 10.1

STOCK PURCHASE AGREEMENT

AND SHARE EXCHANGE

by and among

HAMMER HANDLE ENTERPRISES, INC.

a Nevada Corporation;

and

BOOM SPRING INTERNATIONAL LIMITED

a BVI Corporation;

and

SHENGTANG CRAFT DESIGN (SHENZHEN) CO., LTD.

a PRC Corporation

effective as of July 22, 2009

THIS , made and entered into as of this 22nd day of July, 2009 (the “Agreement”), by and among Hammer Handle Enterprises, Inc., a Nevada corporation with its principal place of business located at 0000 Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxx, Xxxxxx X0X 0X0 (“HMMH”); Xxxxx Xxxxx (the “HMMH Shareholder”); Boom Spring International Limited, a British Virgin Islands (“BVI”) corporation with its registered address at Xxxx 0000, X.X. Xx Xxxxxxxx, 000-000 Xxxxxxxx Xxxx, Xxx Xxxx, Xxxx Xxxx (“Boom Spring”) and Shengtang Craft Design (Shenzhen) Co., Ltd., a PRC corporation, with its registered office at 7/F Shenping Liyuan Bldg, 3 Longcheng BeiLu, Xxxxxxxx Xxxxxxx Xxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxxx 000000, People’s Republic of China (“Shengtang”).

WITNESSETH:

WHEREAS, HMMH is a publicly traded corporation on the Over-The-Counter Bulletin Board (the “OTCBB”);

WHEREAS, this Agreement provides for the acquisition of Boom Spring whereby Boom Spring shall become a wholly owned subsidiary of HMMH and in connection therewith, the issuance of a total of 45,300,000 shares of HMMH common stock, which will represent, and equate to 90.6% of the issued and outstanding common stock to Boom Spring after the transaction is closed.

WHEREAS, the boards of directors of HMMH and Boom Spring have determined, subject to the terms and conditions set forth in this Agreement, that the transaction contemplated hereby is desirable and in the best interests of their stockholders, respectively. This Agreement is being entered into for the purpose of setting forth the terms and conditions of the proposed acquisition.

NOW, THEREFORE, on the stated premises and for and in consideration of the mutual covenants and agreements hereinafter set forth and the mutual benefits to the parties to be derived herefrom, it is hereby agreed as follows:

ARTICLE I

REPRESENTATIONS, COVENANTS AND WARRANTIES OF

HMMH AND HMMH SHAREHOLDER

As an inducement to and to obtain the reliance of Boom Spring, HMMH represents and warrants as follows:

Section 1.1 Organization. HMMH is a corporation duly organized, validly existing, and in good standing under the laws of Nevada and has the corporate power and is duly authorized, qualified, franchised and licensed under all applicable laws, regulations, ordinances and orders of public authorities to own all of its properties and assets and to carry on its business in all material respects as it is now being conducted, including qualification to do business as a foreign corporation in the jurisdiction in which the character and location of the assets owned by it or the nature of the business transacted by it requires qualification. Included in the Schedules attached hereto (hereinafter defined) are complete and correct copies of the articles of incorporation, bylaws and amendments thereto as in effect on the date hereof. The execution and delivery of this Agreement does not and the consummation of the transactions contemplated by this Agreement in accordance with the terms hereof will not violate any provision of HMMH’s articles of incorporation or bylaws. HMMH has full power, authority and legal right and has taken all action required by law, its articles of incorporation, its bylaws or otherwise to authorize the execution and delivery of this Agreement.

Section 1.2 Capitalization. The authorized capitalization of HMMH consists of 150,000,000 shares of common stock, $0.001 par value per share; and no shares of preferred stock. As of the date hereof, HMMH has 16,700,000 common shares issued and outstanding.

All issued and outstanding shares are legally issued, fully paid and nonassessable and are not issued in violation of the preemptive or other rights of any person. There are no warrants or options authorized or issued.

Section 1.3 Subsidiaries. HMMH has no subsidiaries.

Section 1.4 Tax Matters: Books and Records.

(a)	The books and records, financial and others, of HMMH are in all material respects complete and correct and have been maintained in accordance with good business accounting practices; and

(b)	HMMH has no liabilities with respect to the payment of any country, federal, state, county, or local taxes (including any deficiencies, interest or penalties); and

(c)	HMMH shall pay all outstanding liabilities at or prior to the Closing.

Section 1.5 Litigation and Proceedings. There are no actions, suits, proceedings or investigations pending or threatened by or against or affecting HMMH or its properties, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign or before any arbitrator of any kind that would have a material adverse affect on the business, operations, financial condition or income of HMMH. HMMH is not in default with respect to any judgment, order, writ, injunction, decree, award, rule or regulation of any court, arbitrator or governmental agency or instrumentality or of any circumstances which, after reasonable investigation, would result in the discovery of such a default.

Section 1.6 Material Contract Defaults. HMMH is not in default in any material respect under the terms of any outstanding contract, agreement, lease or other commitment which is material to the business, operations, properties, assets or condition of HMMH, and there is no event of default in any material respect under any such contract, agreement, lease or other commitment in respect of which HMMH has not taken adequate steps to prevent such a default from occurring.

Section 1.7 Information. The information concerning HMMH as set forth in this Agreement and in the attached Schedules is complete and accurate in all material respects and does not contain any untrue statement of a material fact or omit to state a material fact required to make the statements made in light of the circumstances under which they were made, not misleading.

Section 1.8 Title and Related Matters. HMMH does not have substantial assets, however, if any, HMMH has good and marketable title to and is the sole and exclusive owner of all of its properties, inventory, interest in properties and assets, real and personal (collectively, the “Assets”) free and clear of all liens, pledges, charges or encumbrances. HMMH owns free and clear of any liens, claims, encumbrances, royalty interests or other restrictions or limitations of any nature whatsoever and all procedures, techniques, marketing plans, business plans, methods of management or other information utilized in connection with HMMH’s business. No third party has any right to, and HMMH has not received any notice of infringement of or conflict with asserted rights of other with respect to any product, technology, data, trade secrets, know-how, proprietary techniques, trademarks, service marks, trade names or copyrights which, singly on in the aggregate, if the subject of an unfavorable decision ruling or finding, would have a materially adverse affect on the business, operations, financial conditions or income of HMMH or any material portion of its properties, assets or rights.

Section 1.9 Contracts. On the closing date:

(a)	There are no material contracts, agreements, franchises, license agreements, or other commitments to which HMMH is a party or by which it or any of its properties are bound;

(b)

HMMH is not a party to any contract, agreement, commitment or instrument or subject to any charter or other corporate restriction or any judgment, order, writ, injunction, decree or award materially and adversely affects, or in the future may (as far as HMMH can now foresee) materially and adversely affect, the business, operations, properties, assets or conditions of HMMH; and

(c)

HMMH is not a party to any material oral or written: (i) contract for the employment of any officer or employee; (ii) profit sharing, bonus, deferred compensation, stock option, severance pay, pension benefit or retirement plan, agreement or arrangement covered by Title IV of the Employee Retirement Income Security Act, as amended; (iii) agreement, contract or indenture relating to the borrowing of money; (iv) guaranty of any obligation for the borrowing of money or otherwise, excluding endorsements made for collection and other guaranties, of obligations, which, in the aggregate exceeds $1,000; (v) consulting or other contract with an unexpired term of more than one year or providing for payments in excess of $10,000 in the aggregate; (vi) collective bargaining agreement; and (vii) contract, agreement or other commitment involving payments by it for more than $10,000 in the aggregate.

Section 1.10 Compliance With Laws and Regulations. To the best of HMMH’s knowledge and belief, HMMH has complied with all applicable statutes and regulations of any federal, state or other governmental entity or agency thereof, except to the extent that noncompliance would not materially and adversely affect the business, operations, properties, assets or condition of HMMH or would not result in HMMH incurring material liability.

Section 1.11 Approval of Agreement. The directors of HMMH have authorized the execution and delivery of this Agreement and have approved the transactions contemplated. A copy of the Director’s Resolution authorizing entry into this Agreement is attached as Schedule 1.11.

Section 1.12 Material Transactions or Affiliations. There are no material contracts or agreements of arrangement between HMMH and any person, who was at the time of such contract, agreement or arrangement an officer, director or person owning of record, or known to beneficially own ten percent (10%) or more of the issued and outstanding Common Shares of HMMH and which is to be performed in whole or in part after the date hereof. HMMH has no commitment, whether written or oral, to lend any funds to, borrow any money from or enter into material transactions with any such affiliated person.

Section 1.13 No Conflict With Other Instruments. The execution of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in the breach of any term or provision of, or constitute an event of default under, any material indenture, mortgage, deed of trust or other material contract, agreement or instrument to which HMMH is a party or to which any of its properties or operations are subject.

Section 1.14 Governmental Authorizations. HMMH has all licenses, franchises, permits or other governmental authorizations legally required to enable it to conduct its business in all material respects as conducted on the date hereof. Except for compliance with federal and state securities and corporation laws, as hereinafter provided, no authorization, approval, consent or order of, or registration, declaration or filing with, any court or other governmental body is required in connection with the execution and delivery by HMMH of this Agreement and the consummation of the transactions contemplated hereby.

Section 1.15 Ownership of Stock. HMMH and the HMMH Shareholder are the lawful owners of the stock to be exchanged with Boom Spring or its designees and shall be free and clear of all liens, encumbrances, restrictions and claims of every kind and character, other than any of the foregoing arising from actions by Boom Spring (collectively, “Encumbrances”) as of the Closing Date. The delivery to Boom Spring of the stock pursuant to the provisions of this Agreement will transfer to Boom Spring valid title thereto, free and clear of any and all Encumbrances.

ARTICLE II

REPRESENTATIONS, COVENANTS AND WARRANTIES OF BOOM SPRING

As an inducement to, and to obtain the reliance of HMMH and the HMMH Shareholder, Boom Spring represents and warrants as follows:

Section 2.1 Organization. Boom Spring is a corporation duly organized, validly existing and in good standing under the laws of the BVI and has the corporate power and is duly authorized, qualified, franchised and licensed under all applicable laws, regulations, ordinances and orders of public authorities to own all of its properties and assets and to carry on its business in all material respects as it is now being conducted, including qualification to do business as a foreign entity in the country or states in which the character and location of the assets owned by it or the nature of the business transacted by it requires qualification. Included in the attached Schedules (as hereinafter defined) are complete and correct copies of the articles of incorporation, bylaws and amendments thereto as in effect on the date hereof. The execution and delivery of this Agreement does not and the consummation of the transactions contemplated by this Agreement in accordance with the terms hereof will not, violate any provision of Boom Spring's certificate of incorporation or bylaws. Boom Spring has full power, authority and legal right and has taken all action required by law, its articles of incorporation, bylaws or otherwise to authorize the execution and delivery of this Agreement.

Section 2.2 Capitalization. Boom Spring’s authorized capitalization consists of a total of 50,000 shares, held by the individuals and entities listed on Schedule 2.2.

All issued and outstanding common shares have been legally issued, fully paid, are nonassessable and not issued in violation of the preemptive rights of any other person. Boom Spring has no other securities, warrants or options authorized or issued.

Section 2.3 Subsidiaries. Boom Spring has the following subsidiary:

(a)	Shengtang – a PRC Company with a share capital of HK $1,000,000 divided into 1,000,000 shares, par value HK $1.00 per share.

Section 2.4 Tax Matters, Books & Records.

(a)	Boom Spring’s books and records, financial and others are in all material respects complete and correct and have been maintained in accordance with good business accounting practices;

(b)	Boom Spring has no liabilities with respect to the payment of any country, federal, state, county, local or other taxes (including any deficiencies, interest or penalties); and

(c)	Boom Spring shall remain responsible for all debts incurred prior to the closing.

Section 2.5 Information. The information concerning Boom Spring as set forth in this Agreement and in the attached Schedules is complete and accurate in all material respects and does not contain any untrue statement of a material fact or omit a material fact required to make the statements made, in light of the circumstances under which they were made, not misleading.

Section 2.6 Title and Related Matters. Boom Spring has good and marketable title to and is the sole and exclusive owner of all of its properties, inventory, interests in properties and assets, real and personal (collectively, the “Assets”) free and clear of all liens, pledges, charges or encumbrances. Except as set forth in the attached Schedules, Boom Spring owns free and clear of any liens, claims, encumbrances, royalty interests or other restrictions or limitations of any nature whatsoever and all procedures, techniques, marketing plans, business plans, methods of management or other information utilized in connection with Boom Spring's business. Except as set forth in the attached Schedules, no third party has any right to, and Boom Spring has not received any notice of infringement of or conflict with asserted rights of others with respect to any product, technology, data, trade secrets, know-how, proprietary techniques, trademarks, service marks, trade names or copyrights which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would have a materially adverse affect on the business, operations, financial conditions or income of Boom Spring or any material portion of its properties, assets or rights.

Section 2.7 Litigation and Proceedings. There are no actions, suits or proceedings pending or threatened by or against or affecting Boom Spring, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign or before any arbitrator of any kind that would have a material adverse effect on the business, operations, financial condition, income or business prospects of Boom Spring. Boom Spring does not have any knowledge of any default on its part with respect to any judgment, order, writ, injunction, decree, award, rule or regulation of any court, arbitrator or governmental agency or instrumentality.

Section 2.8 Contracts. On the Closing Date:

(a)	Except for those enumerated on the attached Schedules, there are no material contracts, agreements, franchises, license agreements, or other commitments to which Boom Spring is a party to or by which it or any of its subsidiaries or properties are bound;

(b)

Except as enumerated on the attached Schedules, Boom Spring is not a party to any contract, agreement, commitment or instrument or subject to any charter or other corporate restriction or any judgment, order, writ, injunction, decree or award which materially and adversely affects, or in the future may (as far as Boom Spring can now foresee) materially and adversely affect, the business, operations, properties, assets or conditions of Boom Spring; and

(c)

Except as enumerated on the attached Schedules, Boom Spring is not a party to any material oral or written: (i) contract for the employment of any officer or employee; (ii) profit sharing, bonus, deferred compensation, stock option, severance pay, pension, benefit or retirement plan, agreement or arrangement covered by Title IV of the Employee Retirement Income Security Act, as amended; (iii) agreement, contract or indenture relating to the borrowing of money; (iv) guaranty of any obligation for the borrowing of money or otherwise, excluding endorsements made for collection and other guaranties of obligations, which, in the aggregate exceeds $1,000; (v) consulting or other contract with an unexpired term of more than one year or providing for payments in excess of $10,000 in the aggregate; (vi) collective bargaining agreement; and (vii) contract, agreement, or other commitment involving payments by it for more than $10,000 in the aggregate.

Section 2.9 No Conflict With Other Instruments. The execution of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in the breach of any term or provision of, or constitute an event of default under, any material indenture, mortgage, deed of trust or other material contract, agreement or instrument to which Boom Spring is a party or to which any of its properties or operations are subject.

Section 2.10 Material Contract Defaults. To the best of Boom Spring's knowledge and belief, it is not in default in any material respect under the terms of any outstanding contract, agreement, lease or other commitment which is material to the business, operations, properties, assets or condition of Boom Spring, and there is no event of default in any material respect under any such contract, agreement, lease or other commitment in respect of which Boom Spring has not taken adequate steps to prevent such a default from occurring.

Section 2.11 Governmental Authorizations. To the best of Boom Spring’s knowledge, Boom Spring has all licenses, franchises, permits and other governmental authorizations that are legally required to enable it to conduct its business operations in all material respects as conducted on the date hereof. Except for compliance with federal and state securities or corporation laws, no authorization, approval, consent or order of, or registration, declaration or filing with, any court or other governmental body is required in connection with the execution and delivery by Boom Spring of the transactions contemplated hereby.

Section 2.12 Compliance With Laws and Regulations. To the best of Boom Spring's knowledge and belief, Boom Spring has complied with all applicable statutes and regulations of any federal, state or other governmental entity or agency thereof, except to the extent that noncompliance would not materially and adversely affect the business, operations, properties, assets or condition of Boom Spring or would not result in Boom Spring's incurring any material liability.

Section 2.13 Insurance. All of Boom Spring’s insurable properties are insured for Boom Spring‘s benefit under valid and enforceable policy or policies containing substantially equivalent coverage and will be outstanding and in full force at the Closing Date.

Section 2.14 Approval of Agreement. The directors of Boom Spring have authorized the execution and delivery of this Agreement and have approved the transactions contemplated hereby.

Section 2.15 Material Transactions or Affiliations. As of the Closing Date, there will exist no material contract, agreement or arrangement between Boom Spring and any person who was at the time of such contract, agreement or arrangement an officer, director or person owning of record, or known by Boom Spring to own beneficially, ten percent (10%) or more of the issued and outstanding Common Shares of Boom Spring and which is to be performed in whole or in part after the date hereof except with regard to an agreement with the Boom Spring shareholders providing for the distribution of cash to provide for payment of federal and state taxes on Subchapter S income. Boom Spring has no commitment, whether written or oral, to lend any funds to, borrow any money from or enter into any other material transactions with, any such affiliated person.

ARTICLE III

EXCHANGE PROCEDURE AND OTHER CONSIDERATION

Section 3.1 Share Exchange/Delivery of Boom Spring Securities. On the Closing Date, Boom Spring shall deliver to HMMH all of its issued and outstanding shares to HMMH, duly endorsed in blank or with executed power attached thereto in transferable form, so that Boom Spring shall become a wholly owned subsidiary of HMMH.

Section 3.2 Issuance of HMMH Shares. In exchange for all of the Boom Spring Common Shares tendered pursuant to Section 3.1, HMMH Shareholder shall issue to Boom Spring Shareholders a total of 12,000,000 common shares of HMMH common stock and HMMH will deliver an additional 33,300,000 common shares of HMMH common stock, which will represent, and equate to 90.6% of HMMH’s issued and outstanding common stock after the closing of this transaction, in the manner set forth in Schedule 3.2. Such shares are restricted in accordance with Rule 144 of the 1933 Securities Act.

Section 3.3 Additional Consideration. On the Closing Date, in addition to the share exchange as contemplated by Sections 3.1 and 3.2, Boom Spring shall pay $220,000 (the “Additional Consideration”) to the HMMH Shareholder. Of such amount, $219,500 has previously been forwarded to Xxxxxx & Xxxxxx, LLP as an escrow deposit. Upon execution of this Agreement, Boom Spring shall pay the remainder of the Additional Consideration or $500 to HMMH on the Effective Date.

Section 3.4 Satisfaction of Present Liabilities of HMMH. At or prior to the Closing Date, the liabilities and obligations of HMMH as set forth on Schedule 3.4 shall be satisfied by HMMH (HMMH is entitled to use all or a portion of the proceeds from this Agreement to satisfy these obligations). The present officers and directors of HMMH shall be released from any and all other liabilities related thereto.

Section 3.5 Events Prior to Closing. Upon execution hereof or as soon thereafter as practical, management of HMMH and Boom Spring shall execute, acknowledge and deliver (or shall cause to be executed, acknowledged and delivered) any and all certificates, opinions, financial statements, schedules, agreements, resolutions rulings or other instruments required by this Agreement to be so delivered, together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby, subject only to the conditions to Closing referenced herein below.

Section 3.6 Closing. The closing (“Closing Date”) of the transactions contemplated by this Agreement shall be on the date and at the time the exchange documents are executed herewith.

Section 3.7 Effective Date. The date, on or after the Closing Date, when all of the terms and conditions of this Agreement are satisfied, including but not limited to the Conditions Precedent set forth in Articles V and VI (the “Effective Date”).

Section 3.8 Termination.

(a)	This Agreement may be terminated by the board of directors or majority interest of Shareholders of either HMMH or Boom Spring, respectively, at any time prior to the Closing Date if:

(i)

there shall be any action or proceeding before any court or any governmental body which shall seek to restrain, prohibit or invalidate the transactions contemplated by this Agreement and which, in the judgment of such board of directors, made in good faith and based on the advice of its legal counsel, makes it inadvisable to proceed with the exchange contemplated by this Agreement; or

(ii)	any of the transactions contemplated hereby are disapproved by any regulatory authority whose approval is required to consummate such transactions.

In the event of termination pursuant to Paragraph (a) of this Section 3.8, no obligation, right, or liability shall arise hereunder and each party shall bear all of the expenses incurred by it in connection with the negotiation, drafting and execution of this Agreement and the transactions herein contemplated.

(b)

This Agreement may be terminated at any time prior to the Closing Date by action of the board of directors of HMMH if Boom Spring shall fail to comply in any material respect with any of its covenants or agreements contained in this Agreement or if any of the representations or warranties of Boom Spring contained herein shall be inaccurate in any material respect, which noncompliance or inaccuracy is not cured after 20 days written notice thereof is given to Boom Spring. If this Agreement is terminated pursuant to Paragraph (b) of this Section 3.8, this Agreement shall be of no further force or effect and no obligation, right or liability shall arise hereunder.

(c)

This Agreement may be terminated at any time prior to the Closing Date by action of the board of directors of Boom Spring if HMMH shall fail to comply in any material respect with any of its covenants or agreements contained in this Agreement or if any of the representations or warranties of Boom Spring contained herein shall be inaccurate in any material respect, which noncompliance or inaccuracy is not cured after 20 days written notice thereof is given to Boom Spring. If this Agreement is terminated pursuant to Paragraph (c) of this Section 3.8, this Agreement shall be of no further force or effect and no obligation, right or liability shall arise hereunder.

In the event of termination pursuant to paragraph (b) and (c) of Section 3.8, the breaching party shall bear all of the expenses incurred by the other party in connection with the negotiation, drafting and execution of this Agreement and the transactions herein contemplated.

Section 3.9 Directors of HMMH After Acquisition. After the Closing Date, Xxxxx Xxxxx shall resign as the sole director of HMMH and Xxxxxxxx Xxxx, Xxxxxxxx Xx and Xxxx Xx shall be appointed to the Board of Directors of HMMH. Each director shall hold office until his successor has been duly elected and has qualified or until his death, resignation or removal.

Section 3.10 Officers of HMMH After Acquisition. After the Closing Date, Xxxxx Xxxxx shall resign from all his officer positions of HMMH and the persons listed on Schedule 3.10 shall be appointed as Officers of HMMH:

Name	Position
Xxxxxxxx Xxxx	President and Chief Executive Officer
Xxxx Xx	Vice President
Xxx Xxxx	Chief Operating Officer and Chief Financial Officer
Xxxxxxx Xxxx	Chief Technology Officer
Xxxxx Xx Xxxx Xxxxxx	Chief Marketing Officer

ARTICLE IV

SPECIAL COVENANTS

Section 4.1 Access to Properties and Records. Prior to closing, HMMH and Boom Spring will each afford to the officers and authorized representatives of the other full access to the properties, books and records of each other, so that each may have full opportunity to make such reasonable investigation as it shall desire to make of the affairs of the other and each will furnish the other with such additional financial and operating data and other information as to the business and properties of each other, as the other shall from time to time reasonably request.

Section 4.2 Availability of Rule 144. HMMH and the HMMH Shareholder holding “restricted securities”, as that term is defined in Rule 144 of the 1933 Securities Act will remain as “restricted securities.” HMMH is under no obligation to register such shares under the Securities Act, or otherwise. The stockholders of HMMH and Boom Spring holding restricted securities of HMMH and Boom Spring as of the date of this Agreement and their respective heirs, administrators, personal representatives, successors and assigns, are intended third party beneficiaries of the provisions set forth herein. The covenants set forth in this Section 4.2 shall survive the Closing Date and the consummation of the transactions herein contemplated.

Section 4.3 Special Covenants and Representations Regarding the HMMH Common Shares to be Issued in the Exchange. The consummation of this Agreement, including the issuance of the HMMH Common Shares to the Shareholders of Boom Spring as contemplated hereby, constitutes the offer and sale of securities under the Securities Act, and applicable state statutes. Such transaction shall be consummated in reliance on exemptions from the registration and prospectus delivery requirements of such statutes which depend, inter alia, upon the circumstances under which the Boom Spring Shareholders acquire such securities.

Section 4.4 Third Party Consents. HMMH and Boom Spring agree to cooperate with each other in order to obtain any required third party consents to this Agreement and the transactions herein contemplated.

Section 4.5 Actions Prior to and Subsequent to Closing.

(a)	From and after the date of this Agreement until the Closing Date, except as permitted or contemplated by this Agreement, HMMH and Boom Spring will each use its best efforts to:

(i)	maintain and keep its properties in states of good repair and condition as at present, except for depreciation due to ordinary wear and tear and damage due to casualty;

(ii)	maintain in full force and effect insurance comparable in amount and in scope of coverage to that now maintained by it; and

(iii)

perform in all material respects all of its obligations under material contracts, leases and instruments relating to or affecting its assets, properties and business.

(b)	From and after the date of this Agreement until the Closing Date, HMMH will not, without the prior consent of Boom Spring:

(i)	except as otherwise specifically set forth herein, make any change in its articles of incorporation or bylaws;

(ii)	declare or pay any dividend on its outstanding Common Shares, except as may otherwise be required by law, or effect any stock split or otherwise change its capitalization, except as provided herein;

(iii)

enter into or amend any employment, severance or agreements or arrangements with any directors or officers;

(iv)	grant, confer or award any options, warrants, conversion rights or other rights not existing on the date hereof to acquire any Common Shares; or

(v)	purchase or redeem any Common Shares.

Section 4.6 Indemnification.

(a)

HMMH hereby agrees to indemnify Boom Spring, each of the officers, agents and directors and current shareholders of Boom Spring and Shengtang as of the Closing Date against any loss, liability, claim, damage or expense (including, but not limited to, any and all expense whatsoever reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened or any claim whatsoever), to which it or they may become subject to or rising out of or based on any inaccuracy appearing in or misrepresentation made in this Agreement. The indemnification provided for in this paragraph shall survive the Closing and consummation of the transactions contemplated hereby and termination of this Agreement; and

(b)

Boom Spring hereby agrees to indemnify HMMH, each of the officers, agents, directors and current shareholders of HMMH as of the Closing Date against any loss, liability, claim, damage or expense (including, but not limited to, any and all expense whatsoever reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened or any claim whatsoever), to which it or they may become subject arising out of or based on any inaccuracy appearing in or misrepresentation made in this Agreement. The indemnification provided for in this paragraph shall survive the Closing and consummation of the transactions contemplated hereby and termination of this Agreement.

ARTICLE V

CONDITIONS PRECEDENT TO OBLIGATIONS OF HMMH

The obligations of HMMH under this Agreement are subject to the satisfaction, at or before the Closing Date, of the following conditions:

Section 5.1 Accuracy of Representations. The representations and warranties made by Boom Spring in this Agreement were true when made and shall be true at the Closing Date with the same force and effect as if such representations and warranties were made at the Closing Date (except for changes therein permitted by this Agreement), and Boom Spring shall have performed or compiled with all covenants and conditions required by this Agreement to be performed or complied with by Boom Spring prior to or at the Closing. HMMH shall be furnished with a certificate, signed by a duly authorized officer of Boom Spring and dated the Closing Date, to the foregoing effect.

Section 5.2 Director Approval. The Board of Directors of HMMH shall have approved this Agreement and the transactions contemplated herein.

Section 5.3 Officer’s Certificate. HMMH shall have been furnished with a certificate dated the Closing Date and signed by a duly authorized officer of Boom Spring to the effect that: (a) the representations and warranties of Boom Spring set forth in the Agreement and in all Exhibits, Schedules and other documents furnished in connection herewith are in all material respects true and correct as if made on the Effective Date; (b) Boom Spring has performed all covenants, satisfied all conditions, and complied with all other terms and provisions of this Agreement to be performed, satisfied or complied with by it as of the Effective Date; (c) since such date and other than as previously disclosed to Boom Spring on the attached Schedules, Boom Spring has not entered into any material transaction other than transactions which are usual and in the ordinary course if its business; and (d) no litigation, proceeding, investigation or inquiry is pending or, to the best knowledge of Boom Spring, threatened, which might result in an action to enjoin or prevent the consummation of the transactions contemplated by this Agreement or, to the extent not disclosed in the Boom Spring Schedules, by or against Boom Spring which might result in any material adverse change in any of the assets, properties, business or operations of Boom Spring.

Section 5.4 No Material Adverse Change. Prior to the Closing Date, there shall not have occurred any material adverse change in the financial condition, business or operations of nor shall any event have occurred which, with the lapse of time or the giving of notice, may cause or create any material adverse change in the financial condition, business or operations of Boom Spring.

Section 5.5 Other Items. HMMH shall have received such further documents, certificates or instruments relating to the transactions contemplated hereby as HMMH may reasonably request.

ARTICLE VI

CONDITIONS PRECEDENT TO OBLIGATIONS OF KEENWAY

The obligations of Boom Spring under this Agreement are subject to the satisfaction, at or before the Closing date (unless otherwise indicated herein), of the following conditions:

Section 6.1 Accuracy of Representations. The representations and warranties made by Boom Spring in this Agreement were true when made and shall be true as of the Closing Date (except for changes therein permitted by this Agreement) with the same force and effect as if such representations and warranties were made at and as of the Closing Date, and HMMH shall have performed and complied with all covenants and conditions required by this Agreement to be performed or complied with by HMMH prior to or at the Closing. Boom Spring shall have been furnished with a certificate, signed by a duly authorized executive officer of HMMH and dated the Closing Date, to the foregoing effect.

Section 6.2 Director Approval. The Board of Directors of Boom Spring shall have approved this Agreement and the transactions contemplated herein.

Section 6.3 Officer's Certificate. Boom Spring shall be furnished with a certificate dated the Closing Date and signed by a duly authorized officer of HMMH to the effect that: (a) the representations and warranties of HMMH set forth in the Agreement and in all Exhibits, Schedules and other documents furnished in connection herewith are in all material respects true and correct as if made on the Effective Date; and (b) HMMH has performed all covenants, satisfied all conditions, and complied with all other terms and provisions of the Agreement to be performed, satisfied or complied with by it as of the Effective Date.

Section 6.4 No Material Adverse Change. Prior to the Closing Date, there shall not have occurred any material adverse change in the financial condition, business or operations of nor shall any event have occurred which, with the lapse of time or the giving of notice, may cause or create any material adverse change in the financial condition, business or operations of HMMH.

Section 6.5 1934 Exchange Act Compliance. HMMH must file any necessary reports to become and stay current with its 1934 Exchange Act filings up to and including the Effective Date of this Agreement. This shall include, but not be limited to, all annual and quarterly filings.

Section 6.6 Cancellation of Options and Convertible Preferred Stock. Prior to the Closing Date, HMMH shall cancel and make worthless all options, warrants, preferred stock and/or convertible debt issuances outstanding but not yet converted to common stock.

ARTICLE VII

MISCELLANEOUS

Section 7.1 Brokers and Finders. Each party to this Agreement represents and warrants that it is under no obligation, express or implied, to pay certain finders in connection with the bringing of the parties together in the negotiation, execution, or consummation of this Agreement. The parties each agree to indemnify the other against any claim by any third person for any commission, brokerage or finder’s fee or other payment with respect to this Agreement or the transactions contemplated hereby based on any alleged agreement or understanding between the indemnifying party and such third person, whether express or implied from the actions of the indemnifying party.

Section 7.2 Law, Forum and Jurisdiction. This Agreement shall be construed and interpreted in accordance with the laws of the State of New Jersey, United States of America.

Section 7.3 Notices. Any notices or other communications required or permitted hereunder shall be sufficiently given if personally delivered to it or sent by registered mail or certified mail, postage prepaid, or by prepaid telegram addressed as follows:

If to HMMH:	Hammer Handle Enterprises, Inc.
	Attn: Xxxxx Xxxxx
	0000 Xxxxx Xxxxxx, Xxxxxxxxx
	Xxxxxxxxxxxx, Xxxxxx X0X 0X0
	Tel: (000) 000-0000

If to Boom Spring:	Boom Spring International Limited
	Attn: Xxxxxxxx Xx
	7/F Shenping Liyuan Bldg, 3 Longcheng BeiLu,
	Xxxxxxxx Xxxxxxx Xxxx, Xxxxxxxx Xxxxxxxx,
	Xxxxxxxx 000000, People’s Republic of China Tel: x00 000 00000000
	Fax: x00 000 00000000

with a copy to:	Xxxxxx & Xxxxxx, LLP
	Attn: Xxxxxxx X. Xxxxxx, Esq.
	Xxxxx X. Xxxxxx, Esq.
	000 Xxxxx 0 Xxxxx, Xxxxx 000
	Xxxxxxxxx, Xxx Xxxxxx 00000
	Tel: (000) 000-0000
	Fax: (000) 000-0000

or such other addresses as shall be furnished in writing by any party in the manner for giving notices hereunder, and any such notice or communication shall be deemed to have been given as of the date so delivered, mailed or telegraphed.

Section 7.4 Attorneys' Fees. In the event that any party institutes any action or suit to enforce this Agreement or to secure relief from any default hereunder or breach hereof, the breaching party or parties shall reimburse the non-breaching party or parties for all costs, including reasonable attorneys’ fees, incurred in connection therewith and in enforcing or collecting any judgment rendered therein.

Section 7.5 Confidentiality. Each party hereto agrees with the other party that, unless and until the transactions contemplated by this Agreement have been consummated, they and their representatives will hold in strict confidence all data and information obtained with respect to another party or any subsidiary thereof from any representative, officer, director or employee, or from any books or records or from personal inspection, of such other party, and shall not use such data or information or disclose the same to others, except: (i) to the extent such data is a matter of public knowledge or is required by law to be published; and (ii) to the extent that such data or information must be used or disclosed in order to consummate the transactions contemplated by this Agreement.

Section 7.6 Schedules; Knowledge. Each party is presumed to have full knowledge of all information set forth in the other party’s schedules delivered pursuant to this Agreement.

Section 7.7 Third Party Beneficiaries. This contract is solely between HMMH, Boom Spring and Shengtang and except as specifically provided, no director, officer, stockholder, employee, agent, independent contractor or any other person or entity shall be deemed to be a third party beneficiary of this Agreement.

Section 7.8 Entire Agreement. This Agreement represents the entire agreement between the parties relating to the subject matter hereof. This Agreement alone fully and completely expresses the agreement of the parties relating to the subject matter hereof. There are no other courses of dealing, understanding, agreements, representations or warranties, written or oral, except as set forth herein. This Agreement may not be amended or modified, except by a written agreement signed by all parties hereto.

Section 7.9 Survival; Termination. The representations, warranties and covenants of the respective parties shall survive the Closing Date and the consummation of the transactions herein contemplated for 18 months.

Section 7.10 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which taken together shall be but a single instrument.

Section 7.11 Amendment or Waiver. Every right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law or in equity, and may be enforced concurrently herewith, and no waiver by any party of the performance of any obligation by the other shall be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or existing. At any time prior to the Closing Date, this Agreement may be amended by a written consent by all parties hereto, with respect to any of the terms contained herein, and any term or condition of this Agreement may be waived or the time for performance hereof may be extended by a written consent by the party or parties for whose benefit the provision is intended.

Section 7.12 Expenses. Each party herein shall bear all of their respective costs and expenses incurred in connection with the negotiation of this Agreement and in the consummation of the transactions provided for herein and the preparation thereof.

Section 7.13 Headings; Context. The headings of the sections and paragraphs contained in this Agreement are for convenience of reference only and do not form a part hereof and in no way modify, interpret or construe the meaning of this Agreement.

Section 7.14 Benefit. This Agreement shall be binding upon and shall inure only to the benefit of the parties hereto, and their permitted assigns hereunder. This Agreement shall not be assigned by any party without the prior written consent of the other party.

Section 7.15 Public Announcements. Except as may be required by law, neither party shall make any public announcement or filing with respect to the transactions provided for herein without the prior consent of the other party hereto.

Section 7.16 Severability. In the event that any particular provision or provisions of this Agreement or the other agreements contained herein shall for any reason hereafter be determined to be unenforceable, or in violation of any law, governmental order or regulation, such unenforceability or violation shall not affect the remaining provisions of such agreements, which shall continue in full force and effect and be binding upon the respective parties hereto.

Section 7.17 Failure of Conditions; Termination. In the event of any of the conditions specified in this Agreement shall not be fulfilled on or before the Closing Date, either of the parties have the right either to proceed or, upon prompt written notice to the other, to terminate and rescind this Agreement. In such event, the party that has failed to fulfill the conditions specified in this Agreement will liable for the other parties’ legal fees. The election to proceed shall not affect the right of such electing party reasonably to require the other party to continue to use its efforts to fulfill the unmet conditions.

Section 7.18 No Strict Construction. The language of this Agreement shall be construed as a whole, according to its fair meaning and intendment, and not strictly for or against either party hereto, regardless of who drafted or was principally responsible for drafting the Agreement or terms or conditions hereof.

Section 7.19 Execution Knowing and Voluntary. In executing this Agreement, the parties severally acknowledge and represent that each: (a) has fully and carefully read and considered this Agreement; (b) has been or has had the opportunity to be fully apprized by its attorneys of the legal effect and meaning of this document and all terms and conditions hereof; (c) is executing this Agreement voluntarily, free from any influence, coercion or duress of any kind.

Section 7.20 Amendment. At any time after the Closing Date, this Agreement may be amended by a writing signed by both parties, with respect to any of the terms contained herein, and any term or condition of this Agreement may be waived or the time for performance hereof may be extended by a writing signed by the party or parties for whose benefit the provision is intended.

[Remainder of Page Intentionally Blank]

[Signature Page Follows]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly authorized officers or representatives and entered into as of the date first above written.

ATTEST:	HAMMER HANDLE ENTERPRISES, INC.

______________________________	By:
	Name:	Xxxxx Xxxxx
	Title:	CEO and Chairman

ATTEST:	BOOM SPRING INTERNATIONAL LIMITED

______________________________	By:
	Name:	Xxxxxxxx Xx
	Title:	Director

HMMH SHAREHOLDER


Name:	Xxxxx Xxxxx

SCHEDULE 1.11

Director’s Resolution

As attached.

Schedule 2.2

Boom Spring Capital Structure

Shareholders	Number of shares	Percentage
Xxxxx Xx Xxxx Xxxxxx	38,750	77.5%
Xxxxxxxx Xx	11,250	22.5%

Total	50,000	100%

SCHEDULE 3.2

Issuance of HMMH Shares to Boom Spring

Name and Address	Number of shares
Xxxxxxxx Xxxx	18,640,000
Xxxx Xx	5,000,000
Xxx Xxxx	4,760,000
Xxxxxxx Xxxx	2,380,000
Fodu Xxxxx	900,000
Liangmou Yang	900,000
Xxxxx Xx Xxxxxx	2,200,000
Xxxx-Xxxx Xxx	1,000,000
Wei-Xxx Xx	1,000,000
Xxxxxxxx Xx	4,325,000
Xx Xxxx	420,000
Xxxx Xxxx	400,000
Huilian Song	2,400,000
Xxxx Xxxx	300,000
Xxxx Xxxxxxx	100,000
Xxxx Xxxxx	100,000
Xxxxxxx Xxxxxx	54,000
Xxxxx Xxxxxx	36,000
Xxxxxxxx Xxxxxxx	7,500
Xxxxxx Xxxxx	2,500
AIDE Consulting Co.	375,000
Total	45,300,000

SCHEDULE 3.4

HMMH Outstanding Liabilities

None.

SCHEDULE 3.10

Post-Agreement Officers of HMMH

Name	Age	Position
Xxxxxxxx Xxxx	40	President and Chief Executive Officer
Xxxx Xx	51	Vice President
Xxx Xxxx	36	Chief Operating Officer and Chief Financial Officer
Xxxxxxx Xxxx	62	Chief Technology Officer
Xxxxx Xx Xxxx Xxxxxx	37	Chief Marketing Officer

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STOCK PURCHASE AGREEMENT AND SHARE EXCHANGE by and among HAMMER HANDLE ENTERPRISES, INC. a Nevada Corporation; and BOOM SPRING INTERNATIONAL LIMITED a BVI Corporation; and SHENGTANG CRAFT DESIGN (SHENZHEN) CO., LTD. a PRC Corporation effective as of...

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