The theme of the inaugural Afro-Asian Games, held at Hyderabad in Oct-Nov. 2003, was "Two Continents and One Spirit". This theme signifies the unity and harmony between the African and Asian continents. It emphasizes the shared values, culture, and spirit of cooperation among nations from these two continents.

Option 1, "End Terrorism", is not the correct answer because although combating terrorism is a global concern, it does not specifically relate to the theme of the Afro-Asian Games.

Option 2, "World Fraternity", also does not align with the specific theme of the Afro-Asian Games. While promoting fraternity among nations is a noble idea, it does not specifically focus on the unity between African and Asian nations.

Option 4, "None of these", is not the correct answer as the theme of the inaugural Afro-Asian Games was indeed "Two Continents and One Spirit."

In conclusion, the correct answer is option 3, "Two Continents and One Spirit."