| Ø | On      the signing date of this agreement, Party A assigns the land use right of      the land no. G15322-0057) with an area of 199,998.43 square meters to Part      B, and Party B has no objection to the current status of the land. It      deems that the Party A has delivered the land to Party B since the signing      date of the agreement. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø | The      term for the land use right is 50 years, from June 29th,      2007 to June 28th,      2057; |
|--------|------------------------------------------------------------------------------------------------------|

| Ø | The      ownership of the land is People’s Republic of China. Both natural resource      and treasure trove under the ground are out of the range of the remised      right to the use of land. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø | The      regulation for land usage: |
|--------|-------------------------------------|

|        | 2 | Coverage      ratio (Construction density): ≤45%; |
|--------|--------|---------------------------------------------------------|
|   |   |                                                    |

|        | 2 | Plot      ratio (construction area density): ≤1.20; |
|--------|--------|-----------------------------------------------------------|
|   |   |                                                      |

|  | 2 | Total      construction area should be less than 240,000 square      meters; |
|--|--------|------------------------------------------------------------------------------|

| Ø | The      land use right fee includes: |
|--------|---------------------------------------|

|  | 2 | Land      grant fee is RMB 13,383,239; |
|--|--------|----------------------------------------|

|  | 2 | Land      development fee is RMB 19,999,843;      and |
|--|--------|-------------------------------------------------------|

|  | 2 | Related      municipal utility facilities fee is RMB      55,838,513. |
|--|--------|-----------------------------------------------------------------------|

|  | 2 | A      total of RMB 89,221,595, |
|--|--------|---------------------------------|

| Ø | Party      B agrees to pay off the land use right fee on the date of signing this      agreement. |
|--------|---------------------------------------------------------------------------------------------------|

| Ø | Overdue      payment |
|--------|----------------------|

| Ø | Government      law |
|--------|---------------------|

| Ø | Maturity      and renew regulations |
|--------|-------------------------------------|

| Ø | Validity |
|--------|----------|

| Ø | Dispute      settlement |
|--------|-------------------------|

| Ø | Miscellaneous |
|--------|---------------|

| Ø | Text      copies |
|--------|------------------|

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