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| 1.   | Text of this contract is generated from “Shenzhen Second Hand Transaction of Real Estate On-line System”. The parties may agree, through negotiation, to amend or supplement the terms and conditions of this contract, which, however, must comply with the laws, regulations and agreement of grant of the land-use right in relation to the subject real estate. |
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| 2.   | Before executing this contract, the parties may request the counter-party to present their identifications card, business license, certificate of real estate ownership and land-use right and other documents of proof for verification. The parties shall read the contents of this contract thoroughly and carefully verify the contents which need to be selected, supplemented or revised. If there is any doubt on terms and conditions of this contract, the parties are recommended to consult with legal professionals. |
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| 3.   | Before executing this contract, the purchaser shall conduct an on-site visit to the subject real estate, and be familiar with and fully understand the neighborhood environment, traffic, schools as well as the household register, the education quota attaching to the real estate. The vendor is also obligated to provide genuine information which may affect the transaction, including the status of real estate ownership, lease, and the household register. |
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| 4.   | For the safety of the payment in transaction, the payment is recommended to be remitted to a bank escrow account for funds supervision, and the parties shall specify the details of the designated bank escrow account and the payment terms by way of agreement. |
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| 5.   | Upon this contract coming into force, all of the unmodified printed text, as well as effective characters and notations written in the blank shall be deemed as part of the agreement made by the parties. The appendix and supplementary of this contract have the equal legal force upon execution by the parties. |
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| 6.   | In the event that the  purchaser needs to apply for mortgage loan, the purchaser shall have a comprehensive understanding on the requirements and the application documents prior of such application. |
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| 7.   | The execution of this contract shall not be deemed as having the effect of transfer of ownership. The transfer of ownership shall only be deemed as completed if the registration of transfer has been processed by the registration authority of land and real estate. Please note that the real estate may be subject to attachment or other extraordinary circumstances in the period from the execution of this contract to the completion of the registration of transfer. Please kindly be reminded of such risk. |
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| 8.   | The published information of the real estate shall be real and effective, and shall have 12-digit property information code (e.g.1234-1234-1234). For the purpose of protecting the parties’ legitimate interests, the parties may log on ris.szpl.gov.cn or www.srba.net.cn and key in the property information code to verify the status of the ownership, in order to prevent the risk of selling one real estate to multiple buyers. |
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| Name of the Company or Institution:  Global Sources Properties (Shenzhen) Co., Ltd                                              |
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| Business License Number:  44030150326702                                                                                        |   |
| Percentage of Shares(Owned):  100%                                                                                              | Percentage of Shares To Sell: 100% |
| Legal Representative:  WONG SING LUAN                                                                                           | Post Code: |
| Identity Card No./Passport No.:   A14863407                                                                                | Contact No.: |
| Contact Address: 35th Floor, Shenzhen International Chamber of Commerce Tower, No. 168  Fuhua Road 3, Futian District, Shenzhen |

| Name of the Company or Institution: Shenzhen Fu Xin Tai Investment & Development Co., Ltd                                |
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| Business License Number:  40301107167870                                                                           | Percentage of Shares to Purchase:  100% |
| Legal Representative: Li Yanan                                                                                               | Post Code:  518000 |
| Identity Card No./Passport No.: 11010619671024332X                                                                           | Contact No.: |
| Contact Address: Room 2106-05, Tian Li Commercial Central Square (2nd Stage) Hou Hai Avenue East, Nanshan District, Shenzhen |

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| 1.   | No Lease on the Real Estate; |
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| 2.   | There is a lease on the Real Estate The lease agreement is shown as Appendix (Leasing No.___/____) and the monthly rental is RMB____/_______ (¥:____/____). The team of lease is from __/_ (Date) __/_ (Month) ___/__(Year) to _/__ (Date) __/__ (Month) __/_(Year). Party A shall obtain waiver of priority of purchase or written proof of waiver of right of purchase from to the lessee before execution of Second-Hand Real Estate Sales Contract of Shenzhen Municipality, otherwise it will be deemed as a breach of the Contract by Party A. Party A and Party B are agreed to deal with the lease agreement by method __/__ as follows (only choose one): |
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| a)   | After Transfer of ownership, the original lease agreement is still binding on Party B within its validity period. Party A shall assist Party B in signing new lease agreement with lessee and transfer the deposit/guarantee and advance rental (if any) paid by the lessee to Party B before the date of______/__, and Party B assumes all rights and obligations under the original lease agreement upon the date of______/___. |
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| b)   | Party A shall terminate the original lease agreement before handing-over the Real Estate to Party B, and Party B does not bear any liability for disputes arising from the original lease agreement. |
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| 1.   | held by stakeholders; |
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| 2.   | Others: ___________/__________________________________________________________. |
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| 1.   | Lump-sum Payment |
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| 2.   | Party B Making Payment with Bank Mortgage |
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| a)   | Party B shall pay the amount of RMB¥_/__being remainder of first installment except deposit and guarantee to the bank escrow account agreed by the Parties by and before_/__ (Date) _/__ (Month) _/__ (Year). |
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| b)   | Party B shall submit the relevant documents to bank for application of mortgage loan by and before_/__ (Date) _/__ (Month) _/__ (Year), and coordinate with the bank in handling the loan approval procedures. The mortgage lending amount is subject to the lending amount undertaken to be granted by the bank. |
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| c)   | In case the lending amount undertaken to be granted by the bank is insufficient to pay for the balance of the price for the Real Estate, Party A and Party B agree to deal with the matter by method_/__as follows: |
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| i.   | Party B shall make up the deficiency within three days upon the bank issuance of Letter of Undertaking to Lend; |
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| ii.   | Terminate the Contract, and Party A shall fully refund_/__and other payments already made by Party B within three days upon termination of the Contract. |
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| 3.   |  Other payment terms agreed by Party A and Party B: |
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| 1.   | Demand Party B to pay the penalty being 4‱ of the outstanding price per day, and the Contract shall remain in full force. |
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| 2.   | Be entitled to terminate the Contract and request Party B to pay the penalty being   20   % of the Price for Real Estate. |
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| 1.   | Shall be borne by the paying party as stipulated by relevant law, regulation and policy. |
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| 2.   | Parties agree that_/__shall be the paying party. |
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| 3.   | Others: Party A bears_/__%; and Party B bears_/__%. |
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| 1.   | Party A and Party B shall mutually examine the Real Estate and the ancillary fittings, appliances, fixtures, decorations and check the list of inventories, and take record of the water, electricity and gas readings, and handle the delivery formalities. |
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| 2.   | Deliver the keys of the Real Estate. |
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| 3.   | _/__. |
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| 1.   | Disputes shall be submitted to Shenzhen Arbitration Commission for arbitration; or |
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| 2.   | Disputes shall be submitted to South China International Economic and Trade Arbitration Commission for arbitration (also known as “Shenzhen Court of International Arbitration”); or |
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| 3.   | A suit may be filed in People’s Court. |
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| Declaration:  Signature: |
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| Party A (Seal):  Authorized Representative (Seal)  Date: 27th April 2013 | Party B (Seal):  Authorized Representative (Seal)  Date: 27th April 2013 |
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| 1.   | Through negotiations, Parties hereby agree on and jointly conclude the following terms (hereinafter referred to as the “Supplementary Terms”) as the supplements and amendments of Second-Hand Real Estate Sales Contract of Shenzhen Municipality (Shen (Fu) Fang Xian Mai Zi (2013) No. 9423) (hereinafter referred to as the “Contract”).The Supplementary Terms is an integral part of the Contract, and the terms and conditions of the Supplementary Terms shall prevail over the terms and conditions setting forth in the main text of the Contract in case of any inconsistency. |
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| 2.   | Supplementary Term for Clause 1 of the Contract: Areas of the registered construction area and the built-up area (hereinafter referred to as the “Agreed Area”) is filled in according to the information recorded on the Real Estate Ownership Certificate held by Party A. Party B confirms that Party B has already conducted an on-site visit to the Real Estate and are fully aware of the current status of the Real Estate. Therefore, no matter whether the actual measuring construction area is equivalent to the Agreed Area, Parties will not adjust the Price setting forth in Clause 5 of the Contract. |
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| 3.   | Supplementary Term for Clause 3 of the Contract: Party A warrants that Party A holds the complete ownership for the Real Estate, which is free from mortgage, attachment, lease or other legal encumbrances upon the time of execution of the Contract. |
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| 4.   | Supplementary Term for Clause 4 of the Contract: Party A warrants that upon the time of execution of the Contract, there is no household register attaching to the Real Estate. |
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| 5.   | Supplementary Term for Clause 6 of the Contract: The transaction of the Real Estate does not involve deposit. Party B shall remit the lump-sum payment to Party A in accordance with Clause 8 of the Contract to the bank account designated by Party A. |
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| 6.   | Amendment for Clause 7 of the Contract: No guarantee is set aside for the transaction of Real Estate. Party A shall deliver the Real Estate to Party B in accordance with Clause 11 of the Contract in due time. |
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| 7.   | Amendment for Clause 9 of the Contract: In the event that Party B fails to remit the full payment of Price to the bank account designated by Party A before 7th May 2013, Party B shall pay the penalty for delay being 5‱ of the outstanding amount per day. In the event that Party B fails to make the full payment of the Price before 31st May 2013, Party A is entitled to unilaterally terminate the Contract by notice and demand Party B paying the penalty being   20%  of the Price. |
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| 8.   | Supplementary Term for Clause 11 of the Contract: Party A shall deliver the Real Estate on an “as is” basis. Parties shall execute a confirmation letter of delivery in writing on the date of delivery. Upon executing the confirmation letter, all risks in relation to the Real Estate shall be transferred to Party B. For the avoidance of doubt, Party A reserves the right to remove the removable or demountable furniture, facilities and other fittings (hereinafter referred to as the “Removable Fittings”). In the event that Party B requests to retain the Removable Fittings in whole or in part, Party B shall make correspondingly compensation to Party A , the exact amount of which shall be separately negotiated by both Parties. If Party B requests Party A to demolish or restore the fittings of the Real Estate, all cost required for such demolition or restoration shall be solely borne by Party B. From the next day following the date of delivery of the Real Estate to Party B, all property management fees, water and electricity bills, air-conditioning usage fees and other costs related to the Real Estate shall be borne by Party B. |
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| 9. | Amendment for Clause 14 of the Contract: Within three (3) working days upon execution of the Contract and the payment of Price to the bank account designed by Party A, Parties shall prepare all documents required for registration of transfer of the ownership of the Real Estate, and jointly apply to the registration authority of land and real estate to proceed with procedures for the registration of ownership transfer. Party B shall collect The Real Estate Ownership Certificate and on the same day provide one (1) photocopy of the Real Estate Ownership Certificate with the company seal of Party B to Party A. |
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