Unassociated Document


    

      Agreement
of Contract Termination

      


      


      1st Party:
Shenzhen Speedy Dragon Enterprise Limited (“Speedy Dragon”)

      


      Legal
Representative: Song, Xiangsheng (Identity Number:
210821196308146113)

      


      2nd Party:
Shenzhen Yu Zhi Lu Aviation Service Company (“Yuzhilu”)

      


      Legal
Representative: Jiang, Jiangping (Identity Number:
510211196104271225)

      


      


      WHEREAS the 1st and
2nd
Parties had entered into an Equity Transfer Contract dated April 10,
2007;

      


      AND WHEREAS the parties wish
to terminate the Equity Transfer Contract;

      


      NOW THEREFORE in consideration
of the premises and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as
follows:

      


      
        	
                 
      

              	
                1.

              	
                Both
      parties will complete the formalities to return 100% of the equity
      interest in Speedy Dragon to Xiangsheng Song on or before June 30, 2009.
      2nd
      Party will transfer its equity interests in Speedy Dragon to 1st
      Party and 1st
      Party will return 714,285 shares of Universal Travel Group (pre-split,
      Share Certificate number 0274) to 2nd
      Party.

              


      

      


      
        	
                 
      

              	
                2.

              	
                1st
      Party will also repay 2nd
      Party a total 3.5 million RMB within a year after the date both parties
      complete the above formalities.

              


      

      


      
        	
                 
      

              	
                3.

              	
                The
      original agreement will be terminated when both parties go through
      formalities related to change in business certificate approved by local
      administrative department. The parties will, at the date of changes been
      effective, release and forever discharge one another of and from all legal
      obligations, claims and debts.

              


      

      


      
        	
                 
      

              	
                4.

              	
                This
      Agreement has two copies, one copy for each party. This Agreement goes to
      effect the day both parties sign
(stamp).

              


      

       

      
        
          	
                  1st
      Party Sign: 

                     

                	 	 	
                  2nd
      Party Sign:

                   

                	 
	
                  /s/
      Xiangsheng Song 

                	 	 	
                  /s/
      Jiangping Jiang

                	 
	
                        
                    Shenzhen
      Speedy Dragon Enterprise Limited

                  

                	 	 	
                        
                    Shenzhen
      Yu Zhi Lu Aviation Service Company

                  

                	 
	
                  Date:2009
      June 12

                	 	 	
                  Date:2009
      June 11

                   

                  At Shenzhen