China Packaging Technologies, Inc. - Exhibit 10.16 - Filed by
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 Exhibit 10.16

 Loan Agreement

 (English Summary) 

	Parties to Contract 	       
                 Great Shengda as Borrower and
      Xiaoshan Branch Bank of China as Lender 
	  	  
	Principal Amount 	       
                 RMB 10 million 
	  	  
	Interest Rate 	       
                 Fixed rate of 4.86% per annum
  
	  	  
	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 interet rate=4.86%/360
  
	  	  
	Payment of Interest 	       
                 Quarterly payment 
	  	  
	Drawdown 	       
                 One time drawdown on Oct 19, 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 defaut 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: 

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

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

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

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

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

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

	  	g. 	
      Demand compensation from the Borrower; 

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

	  	i. 	
      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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