China Packaging Technologies, Inc. - Exhibit 10.17 - Filed by
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Exhibit 10.17 

Loan Agreement 

(English Summary) 

	Date of Signing 	
      Nov 11, 2009 

	  	
       

	Parties to Contract 	
                     
         Great Shengda as Borrower and Xiaoshan Branch Bank of China
      as Lender 

	  	
       

	Principal Amount 	
                     
         RMB 30 million 

	  	
       

	Interest Rate 	
                     
         Fixed rate of 4.86% per annual 

	  	
       

	Interest Calculation 	
                     
         From the day the loan is actually borrowed, Interest is
      calculated as follows: 

	  	
                     
         Interest=Amount actually borrowed*Days borrowed*Daily interet
      rate 

	  	
                     
         Daily interest rate=4.86%/360 

	  	
       

	Payment of Interest 	
                     
         Quarterly payment 

	  	
       

	Drawdown 	
                     
         One time drawdown on Nov 11, 2009 

	  	
       

	Term 	
                     
         6 months from the drawdown 

	  	
       

	Loan Use 	
                     
         Daily operation cash flow 

	  	
       

	Repayment 	
                     
         Repayment of full principal amount upon expiration of the
      term 

	  	
       

	Guarantee 	
                     
         SD Group acting as guarantor for the loan under a maximum
      debt guarantee 

	  	
       

	Penalty interest 	
                         The
      Borrower shall repay the principal and interest timely, where the Borrower
      fails to timely repay the principal, the Lender is entitled to calculate
      and collect default interest against the due principal based on a rate 50%
      above the interest rate set above from the expiration date till the date
      on which the principal and interest are paid off. During the overdue
      period in the case where the People’s Bank of China increases the
      benchmark interest rate, the default interest rate shall be increased
      correspondingly; 

		
                         Should
      the Borrower fails to use the Loan according to the purpose as stated in
      the contract, the Lender shall have rights to collect default interest
      against the misappropriated principal based on days of the
      misappropriation at a rate of 100% above the rate stipulated in this
      Agreement until the principal and interest are paid off. During this
      period in the case where the People’s Bank of China increases the
      benchmark interest rate, the default interest rate shall be increased
      correspondingly; 

		
                         The
      amount overdue and misappropriated have to pay penalty interest, which is
      100% higher than the default interest rate; 

		
                         The
      Lender is entitled to collect compound interest against the outstanding
      interest, which is the default interest rate during the term, and 50%
      above default interest rate after the loan is mature.


	 	
       






	Undertaking 	 	
      We list below some material undertakings: 

		1.	
      the loan ranks higher than any shareholder loan;
  

		2. 	
      no dividend distribution if after-tax profit is zero or
      negative or insufficient to compensate for loss from previous fiscal
      years, or fail or insufficient to use for repayment of the loan;


		3. 	
      no disposal of asset in a manner that is detrimental to
      the capacity of repayment; and 

		4. 	
      external guarantee is no higher than the net value of its
      own asset and is within the limits specified in its AOA.





	Breach of the 		
      The following will be deemed as breach of the contract:
      

	contract and 	8. 	
      The Borrower does not repay the principal and interest
      timely; 

	settlement 	1. 	
      The Borrower fails to use the Loan according to the
      purpose as stated in the contract; 

		2. 	
      The Borrower make any untrue statement, or not fulfill
      any warranty in this contract; 

	  	3. 	
      The Borrower breach other agreement with the lender;
    

		4. 	
      Breach of the contract, or any other contract between the
      Borrower and the Lender, or any other organization of Bank of China;
    

	  	5. 	
      The guarantor breaches the contract; 

	  	6. 	
      Termination of business or dissolution or bankruptcy of
      the Borrower. 

	  		
      And the Lender will be entitled to: 

	  	1. 	
      Require the Borrower and the guarantor to correct the
      breach; 

	  	2. 	
      Reduce or terminate the line of credit to the Borrower;
      

		3. 	
      Partly or totally stop lending money to the Borrower
      under this contract; 

	  	4. 	
      Announce that all principal and interest are mature
      immediately; 

		5. 	
      Partly or totally terminate this contract, or other
      contract with the Borrower; 

		6. 	
      Deduct from the Borrower’s bank account in Bank of China
      with only a notification to the Borrower; 

	  	7. 	
      Demand compensation from the Borrower; 

		8. 	
      Execute its right on the guaranty, or demand the sponsor
      to take its responsibility; 

	  	9. 	
      Take other actions that the Lender consider possible and
      necessary. 




	Change and modify 
to the contract 	
                         Upon
      negotiation, the parties can change and modify the contract, and the
      change and modification will be indivisible part of the contract.
  

	  	
      

	Dispute Resolution 	
                     
         Competent court in PRC 



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