Exhibit 10.8
 
AGREEMENT TO TERMINATE OPTION AGREEMENT

THIS AGREEMENT TO TERMINATE OPTION AGREEMENT (this “Agreement”) is entered into
as of March 22, 2011, by and among Shenyang Yanzikou Sports & Entertainment Co.,
Ltd. (“Party A”), Beijing Shungao Golf Course Management Co., Ltd. (“Party B”),
and shareholders holding the equity interests of Party B (“Shareholders”  and
with Party A, Party B and Chairman collectively referred to as the “Parties”).
China Golf Group, Inc. (“the Company”), is made a party to this Agreement for
the sole purpose of acknowledging the Agreement.

WHEREAS, in connection with a certain Consulting Services Agreement dated as of
September 25, 2009 (the “Consulting Agreement”), Party A entered into an Option
Agreement and its amendment dated as of even date therewith, respectively (the
“Option Agreement”) with Party B and the Shareholders;

WHEREAS, Party A and Party B enters into an agreement to terminate the
Consulting Agreement dated as of even date herewith (the “Termination
Agreement”), whereby Party A and Party B has terminated the Consulting
Agreement;

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual
agreements herein contained and for other good and valuable consideration, the
Parties agree as follows:

A.           TERMINATION OF THE OPTION AGREEMENT.

(1)           Party A, Party B and Shareholders hereby unanimously agree to
terminate Option Agreement.
 
B.           GOVERNING LAW.  This Agreement shall be governed and construed
under the laws of the People’s Republic of China, and shall be binding on and
shall inure to the benefit of the parties and their respective successors and
permitted assigns.

C.           COUNTERPARTS.  This Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which together
shall constitute one instrument.
 
[Remainder of page left blank intentionally.]

 
 

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SIGNATURE PAGE
 
IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed
by their legal representatives and duly authorized representatives on their
behalf as of the date first set forth above.
 
PARTY A:

Shenyang Yanzikou Sports & Entertainment Co., Ltd.

By:           /s/ Ye Bi                                           
Name: Ye Bi
Title: Executive Director

PARTY B:

Beijing Shungao Golf Course Management Co., Ltd.

By:           /s/ Xiao
Bowu                                                      
Name: Xiao Bowu
Title: Executive Director

 
 

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SHAREHOLDERS
 
_/s/ Xiao Bowu____________
Xiao Bowu
Owns 100% of Beijing Shungao Golf Course Management Co., Ltd.
 
 
 

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ACKNOWLEDGED BY

China Golf Group, Inc.

By:___/s/ Ye Bi________
Name: Ye Bi
Title: CEO