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July 1, 2009

China America Holdings, Inc.
Attn: Shaoyin Wang
10871 NW 52nd Street, Suite 2,
Sunrise, FL 33351

Re:           $400,000 Unsecured Promissory Note dated August 22, 2008 and
between China Direct Investments, Inc. and China America Holdings, Inc. (the
“Loan”)

Dear Mr. Wang,

Please accept this letter as formal notification of our mutual agreement to
extend the maturity date of the Loan to June 30, 2010. All other terms and
conditions of the Loan shall remain in full force and effect.

Warms regards,

         
/s/Andrew Goldrich
   
/s/ Shaoyin Wang
 
Andrew Goldrich
   
Shaoyin Wang,
 
Vice President of Operation
   
Chief Executive Officer
  China Direct Industries, Inc.     China America Holdings, Inc.