China Packaging Technologies, Inc. - Exhibit 10.21 - Filed by
   newsfilecorp.com






Exhibit 10.21 

Loan Agreement 

(English Summary) 

	Date of Signing 	Feb 3, 2010 
	 	 
	Parties to Contract 	       
                 Great Shengda as Borrower and
      Xiaoshan Branch of Bank of China. as Lender 
	 	 
	Principal Amount 	       
                 RMB 20 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 interest rate 
	  	       
                 Daily interest rate=4.86%/360
  
	 	 
	Payment of Interest 	       
                 Quarterly payment 
	 	 
	Drawdown 	       
                 Drawdown within 2 working days
      after Feb 3, 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 (萧山2009人保198号)

 

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

	settlement 	2. 	 The Borrower fails to use the
        Loan according to the purpose as stated in the contract; 

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

	  	4. 	 The Borrower breach other agreement
        with the lender; 

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

	  	6. 	 The guarantor breaches the contract;
      

	  	7. 	 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. 	 During the annual assessment
        conducted by the Lender, any indication that the Borrower may have difficulty
        repaying the loan noted; 

	  	10. 	 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 



2