Turbine Aviation Inc (TURA)

[beaunos]

According to the Spec of deal 900,00 yuan for nnw@ to get control of Hongling Qian patents. Should of closed by july 1st 2010 there is no 8k support the stock transfer to H Qian to close the deal. Imho this deal Did not Go thru and that is how GLGT was able to acquire it

PRE-CLOSING MATTERS

Section 2.1 Government Approval and Registration

The formation of the COMPANY under this Agreement shall be subject to the approval of the Dalian Foreign Trade & Economic Cooperation Bureau. (the “Approving Authority”) and registered with Dalian Municipal Administration for Industry and Commerce (the “Registration Authority”).

For the purpose in the above paragraph, as soon as possible after the signing of this Agreement, the Parties shall prepare, and procure, all the documents which may be required by the Approving Authority and submit these documents to the Approving Authority for approval. After obtaining the approval from the Approving Authority, the Parties shall register their respective equity ownership portions in accordance with relevant Chinese law and regulations.

ARTICLE 3
CLOSING

For purposes of this Agreement, the term “Closing” means the time at which the transaction contemplated by this Agreement will be consummated, which in any event shall be on or before July 1, 2010.

http://www.sec.gov/Archives/edgar/data/1374976/000120445910001419/exhibit10-1.htm