[This
Document has been Translated from Chinese to English]


 


Supplemental
Contract to the Entrustment Loan Contract


 


Contract Number: Jian Shan Ying Wei
Dai (2011) No. 001


Type of Loan: Unit Entrusted Loan


 


Debtor (Party A): Tsining Housing Development
Co., Ltd.


Address: No. 9 Baqiao South Rd, Baqiao
District, Xi’an


Legal Representative (Person-in-Charge):
Pingji LU


Postcode: 710054


 


Principal Creditor (Party B): Tianjin
Cube Xindao Equity Investment Fund Partnership Enterprise (LLP)


Address: Rm J314, 3/F, Building No.6,
No. 52 Xincheng Xi Rd, Tianjin Development District, Tianjin


Tel: 13911050265


Fax: +85225258003


Legal Representative (Person-in-Charge):
Ruifeng DAI


Postcode: 300475


 


Agent (Party C): China Construction
Bank Corporation Shaanxi Province Branch


Address: No. 38 South Guangji St, Xi’an


Tel: 029-87606682


Fax: 029-87606694


Person-in-Charge: Naimi MOU


Postcode: 710002


 


WHEREAS:


 


	(1)		Party B entrusted Party C to provide a loan to Party A. The three parties executed
the Entrustment Loan Contract numbered Jian Shan Ying Wei Dai (2011) No. 001 (the “Entrustment Loan”);



	(2)		Pursuant to the contract aforesaid, Party B entrusted Party C to provide Party A with
a loan of RMB Forty-Nine Million Three Hundred and Fifty Thousand Six Hundred and Forty-Nine Yuan and Thirty-Five Cents (¥49,350,649.35),
the term of which was twelve (12) months from January 28th 2011 to January 27th 2012. Principal is entitled
to grant Debtor an extension of no more than six (6) months at its own discretion.



 


With respect to the performance of the Entrustment
Loan, Parties reached the supplemental agreement as follows:


 


Article
1                   Party A increases
the collateral to include the following as the security for the Entrustment Loan:


 


	(1)		Two (2) suites of commercial property at “Xinxing Mason” with an aggregate
total of 2,053.23 sq. meters at the address No. 88-89 Jianguo Rd., Beilin District, Xi’an, in Party A’s title;



	(2)		Twenty-five (25) residential properties at “Junjingyuan Phase I” with
an aggregate total of 1,579 sq. meters at the address No. 369 North Jinhua Rd., Xincheng District, Xi’an, in Shaanxi Xinxing
Construction Project Co., Ltd’s title;



	(3)		Seven (7) factory properties with an aggregate total of 16,351.79 sq. meters at the
address No. 66 Huzhu Rd., Beilin District, Xi’an, in Xi’an Tianma Machinery Factory’s title.



 


(See the Appendix hereto for the detailed
list of the aforementioned collateral, collectively referred to below as the “Additional Collateral”)


 


The security on the mortgage and the pledge
provided by Party A or another third party prior to the execution of this supplement shall continue to be valid as the security
of the Entrustment Loan.






    	 



    	 



    
 


 


Article
2               The Entrustment Loan will
expire on January 27th 2012 and Party A applies to extend the term for another six (6) months:


 


	(1)		Party B agrees to extend the Entrustment Loan for another six (6) months so that the
date of expiration is extended to July 27th 2012;



	(2)		During the extended term period of the Entrustment Loan, the monthly interest rate
shall be identical to that in the original Entrustment Loan.



 


As a condition of Party B extending the term
for six (6) months, Debtor shall complete the mortgage registration formalities for the Additional Collateral before January 26th
2012, so that Party C (as Agent of Party B) shall become the mortgagee of first priority to the Additional Collateral; otherwise,
Party B shall be entitled to withdraw its agreement to the extension of the Entrustment Loan and shall be entitled to announce
the immediate expiration of the Entrustment Loan.


 


Article
3            This agreement supplements the Entrustment
Loan, and shall have the same binding effect as the Entrustment Loan. Each Party agrees and acknowledges that the relationship
of the creditor and debtor formed in this agreement is clear and that the creditor and debtor have no doubt with respect to the
content of the payment. In the event the debtor under the contract does not perform its obligation or does not perform its obligation
in full, the debtor is voluntarily subject to specific performance enforced by the People’s Court. The Equity Pledge Contract,
Mortgage Contract as well as any other related contracts in relation to this Supplemental Contract shall all be enforceable with
specific performance.


 


Article
4             This agreement has six (6) counterparts. Each
counterpart becomes effective after the Legal Representatives (Persons-in-Charge) of Party A and Party B respectively, or their
authorized agents sign and affix the company seals thereon (only signature is needed if Party A and Party B are natural persons)
and the Person-in-Charge of Party C (or its authorized agent) sign and affix the company seal.


 


(Remainder of page intentionally left blank)



    	 



    	 



    

Party A (Company Seal): Tsining Housing
Development Co., Ltd.


 


Legal Representative (Person-in-Charge) or
Authorized Agent:


 


/s/ Authorized Individual


(Signature)


 


January 26, 2012


(Date)


 


Party B (Company Seal): Tianjin Cube Xindao
Equity Investment Fund Partnership Enterprise (LLP)


 


Legal Representative (Person-in-Charge) or
Authorized Agent:


 


/s/ Authorized Individual


(Signature)


 


January 26, 2012


(Date)


 


Party C (Company Seal): China Construction
Bank Corporation Shaanxi Province Branch


 


Person-in-Charge or Authorized Agent:


 


/s/ Authorized Individual


(Signature)


 


January 26, 2012


(Date)


 



    	 



    	 



    

Appendix: List of the Additional Collateral


 


	No.	Project	Address	Room
    No.	Floor	Area	Nature
    of Property	No.
    of Property Ownership Certificate	Person
    of Ownership
	1	Xinxing
    Mason	No.
    88 Jianguo Rd, Beilin District	9-30201	2	1,277.03	Commercial	112510808IV-52-9-30201	Tsining
    Housing Development Co., Ltd.
	2	Xinxing
    Mason	No.
    88 Jianguo Rd, Beilin District	9-30711	7	776.20	Commercial	112510808IV-52-9-30711	Tsining
    Housing Development Co., Ltd.
	Sub-total	2,053.23	 	 	 
	3	Xinqingfang	No.
    66 Huzhu Rd, Beilin District	26	1	1,915.32	Industrial
    Factory	N/A	Tianma
    Machinery Factory
	4	Xinqingfang	No.
    66 Huzhu Rd, Beilin District	1	4	3,488.32	Industrial
    Factory	N/A	Tianma
    Machinery Factory
	5	Xinqingfang	No.
    66 Huzhu Rd, Beilin District	113	2	1,472.04	Industrial
    Factory	N/A	Tianma
    Machinery Factory
	6	Xinqingfang	No.
    66 Huzhu Rd, Beilin District	6	2	2,406.48	Industrial
    Factory	N/A	Tianma
    Machinery Factory
	7	Xinqingfang	No.
    66 Huzhu Rd, Beilin District	5	2	6,073.45	Industrial
    Factory	N/A	Tianma
    Machinery Factory
	8	Xinqingfang	No.
    66 Huzhu Rd, Beilin District	7	2	996.18	Industrial
    Factory	N/A	Tianma
    Machinery Factory
	Sub-total	16,351.79	 	 	 
	9	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11108	11	123.18	Residential	1150110019-4-12-11108~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	10	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11109	11	56.79	Residential	1150110019-4-12-11109~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	11	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11111	11	56.10	Residential	1150110019-4-12-11111~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	12	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11112	11	56.43	Residential	1150110019-4-12-11112~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	13	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11113	11	56.43	Residential	1150110019-4-12-11113~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	14	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11115	11	55.23	Residential	1150110019-4-12-11115~1	Shaanxi
    Xinxing Construction Project Co., Ltd



 






    	 



    	 



    
 


 


	15	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11120	11	54.85	Residential	1150110019-4-12-11120~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	16	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11118	11	55.15	Residential	1150110019-4-12-11118~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	17	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11208	12	123.18	Residential	1150110019-4-12-11208~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	18	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11209	12	56.79	Residential	1150110019-4-12-11209~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	19	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11210	12	56.79	Residential	1150110019-4-12-11210~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	20	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11212	12	56.43	Residential	1150110019-4-12-11212~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	21	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11219	12	55.15	Residential	1150110019-4-12-11219~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	22	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11211	12	56.10	Residential	1150110019-4-12-11211~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	23	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11213	12	56.43	Residential	1150110019-4-12-11213~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	24	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11214	12	54.46	Residential	1150110019-4-12-11214~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	25	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11215	12	55.23	Residential	1150110019-4-12-11215~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	26	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11216	12	53.79	Residential	1150110019-4-12-11216~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	27	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11217	12	55.15	Residential	1150110019-4-12-11217~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	28	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11218	12	55.15	Residential	1150110019-4-12-11218~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	29	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11220	12	54.85	Residential	1150110019-4-12-11220~1	Shaanxi
    Xinxing Construction Project Co., Ltd



 






    	 



    	 



    
 


 


	30	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11110	11	56.79	Residential	1150110019-4-12-11110~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	31	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11114	11	54.46	Residential	1150110019-4-12-11114~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	32	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11116	11	53.79	Residential	1150110019-4-12-11116~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	33	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11117	11	55.15	Residential	1150110019-4-12-11117~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	34	Junjingyuan	No.
    369 Jinhua North Rd, Xincheng District	12-11119	11	55.15	Residential	1150110019-4-12-11119~1	Shaanxi
    Xinxing Construction Project Co., Ltd
	Sub-total	1,579.00	 	 	 
	Total	19,984.02