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Exhibit 10.16

 
Assignment Rider Agreement
 
THIS RIDER AGREEMENT (the "Agreement") is made effective as of the 20th day of
May, 2013, between Magna Group, LLC, (the "Investor"), China Direct Investments,
lnc. (the "Non-Affiliate Debt Holder"), and China Logistics Group, lnc. (the
"Company");
 
WHEREAS, the Investor, Company and Non-Affiliate Debt Holder (the "parties")
entered into an "Assignment Agreement", dated April 18th, 2013, in the amount
of$77,700.00 where the Debt holder assigned $77,700.00 in promissory note and
accrued interest from the Company to the Investor and;
 
WHEREAS, the Investor wishes to assume and the Non-Affiliate Debt Holder wishes
to sell $222,000 of debt owed to the Non-Affiliate Debt Holder by the Company
(the "Debt") as outlined in the Debt Purchase Schedule below;
 
NOW THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged by
each of the parties hereto, the parties hereto agree as follows:
 
          1.                      Subsequent Debt Purchases: The Non-Affiliate
Debt Holder agrees to sell the full $222,000 of debt and any additional accrued
interest to the Investor over the next two (2) months according to the following
provisions:
 
                              A. Debt Purchase Schedule:
 
i.           Signing Date - $70,000 and $7,700 in Accrued Interest
 
ii.           On or before 11 Trading Days after Signing - $52,000 and Accrued
Interest
 
iii.           On or before 22 Trading Days after Signing - $50,000 and Accrued
Interest
 
IV.           On or before 33 Trading Days after Signing - $50,000 and Accrued
Interest
 
                             B. Purchase Provisions:
 
               i.                       If the average VW AP over the five
consecutive trading days, prior to a scheduled debt purchase, multiplied by the
volume over the same five consecutive trading days falls below $5,000; the
Investor will not have to purchase any subsequent.
 
ii.           If a daily closing price of the common stock falls below $0.005,
the Investor will not have to purchase any subsequent debt.
 
iii.           The Investor will not purchase any subsequent debt if any
material changes occur within the company prior to the Scheduled purchase dates
listed in this Agreement.
 
iv.           The Investor will not purchase any subsequent debt if the company
fails to report any annual 01' quarter1y reports as required by the Securities
and Exchange Commission.
 
v.           If the Company receives a DTC "Chill" with regards to depositing
and transferring of theCompany' s securities, the Investor will not have to
purchase any subsequent debt.
 

 
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vi.           If the Debt Holder is deemed to be an affiliate ofthe Company on
any scheduled
 
Purchase date, the Investor will not have any obligation to purchase the debt.
 
2.           Binding Effect:
 
                           a.        The provisions of this Agreement shall be
binding obligations of the parties hereto. The undersigned Company officer, on
behalf of the Company, represents warrants and covenants that this Assignment
has been duly authorized, executed and delivered by the Company.
 
 
 
 
[Rest 01 Page Intentionally Left Blank]
 
 
 
 

 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as ofthe day
and year first above written.
 
Investor:
 
Magna Group LLC
 
/s/ Joshua Sason, CEO
 
Non-Affiliate Debt Holder:
 
China Direct Investments, lnc.
 
/s/ James Wang, CEO
 
 
Acknowledged by:
 
Company:
 
China Logisties Group, fue.
 
/s/ Wei Chen, CEO
 

 
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