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Sunday, 02/14/2010 9:31:11 PM

Sunday, February 14, 2010 9:31:11 PM

Post# of 1121
Termination of a Material Definitive Agreement


Due to foreign exchange restrictions under the current foreign exchange laws in China, Baoding Shengde was not able to convert foreign currency to Renminbi to fulfill its obligations under the aforementioned loan agreement. Therefore, on February 10, 2010, Baoding Shengde and each of Shareholders entered into a Termination of Loan Agreement to terminate the aforementioned loan agreement without any liability to any of the parties.



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