Document:

Unassociated Document

 

    Property
Sale and Purchase Contract

    

    The
Seller (hereinafter referred as “Party A”): Hainan Zhonghe Pharmaceutical
Co., Ltd.

     

     

    Legal
Representative: Cui Xueyun

     

     

    Address:
No.168 Nanhai Street, Haikou, Free Trade Zone

    

    The Buyer
(hereinafter referred as “Party B”): Hainan Twenty First Media Co.,
Ltd.

     

     

    Legal
Representative: Weiqiong

     

     

    Address:
Fortune Plaza, Binhai Street, Haikou

    

    Article 1
Basic Situation of Property

     

    The
property owned by Party A is located at Haiyun Road, Dadonghai
Block, Hedong District, Sanya ; frame of
building is Composite
Structure
; the building area of the property is  927.70 square meters,
ownership certificate No. is Santufang (2007) No.
3012 .

     

    
      
        
        

      

      
        
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    Article 2
Nature of Land Use Right

    
 

    The
property related land use right was acquired by pay compensation for leasing;
the useful life is till December 19, 2065.

    

    Article 3
Price

     

    Calculated
by building area, the sale price for that property is RMB23000 per squatter
meter, the total value is RMB21,337100.00

    

    Article 4
Payment

     

    Party B
shall pay Party A advance payment RMB500,000.00 on the date when the contract
comes into effect, and pay another RMB38,000,000.00 before December 31, 2008.
The rest amount shall be completely paid with 90 days after consummating
transfer of the property ownership.

    

    Article 5
Delivery Time

     

    Party A
shall delivery certificate of ownership to Party B before October 31, 2008 and
shall finish going through the land alteration registration procedures before
December 31, 2008.

    
      
         

      

      
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    Article 6
Liability for Party B’s overdue payment

    

    If Party
B fails to pay in time specified in Article 4, Party A has right to lay Party B
a penalty interest. Penalty interest will be charged at 3‰ monthly of
purchasing value of property from the second day after stipulated date to
actual payment day.

    

    Article 7
Liability for Party A’s overdue delivery

     

    Except
for special cause like force majeure, if Party A fails to delivery the property
to Party B stipulated in Article 5, Party B has right to charge Party A a
penalty interest on already paid principal. Penalty interest will be calculated
at 3‰ monthly of
purchasing value of property from the second day after stipulated date to actual
delivery day. In case of Party B’s actual economic loss exceeding penalty, Party
A shall compensate the difference between actual loss and penalty, which does
not disturb the performance of contract.

     

    
      
        
        

      

      
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    Article 8
Terms on property right registration
 

    Party A
shall actively assist Party B go through the land alteration registration
procedures. If Party B is not able to obtain ownership certification of property
within 90 days after hand-over between two parties due to Party A’s fault, Party
B has the right to request from Party A a penalty equal to 5% of already paid
amount.

    

    Article 9
Party A promises upon transaction there is no disputes related to property, all
matters regarding mortgage, collateral, taxes and rental be settled before
transaction. If there are outstanding issues mentioned above, Party A shall
undertake all responsibilities caused thereby.

    

    Article
10 Land Appreciation Tax is paid by Party A and Title Deed Tax be paid by Party
B; other taxable items incurred hereby shall, except as otherwise agreed,
be paid according to pertinent regulations by either party
respectively.

    

    Article
11 Matters unmentioned herein, if any, may be regulated separately through
negotiation by both parties and supplemented agreement may be signed hereto.

    

    
      
         

      

      
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    Article
12 The two parties shall consult with each other and mediate any disputes, which
may arise about the contract. If all attempts fail, the two parties can appeal
to the organization of arbitration in Haikou and ask for a final
arbitration.

    

    Article
13 This contract will come into effect on the date signed by both
parties.

    

    Article
13 This contract is in four copies with equal effect, two copies for relevant
institutions and two copies for either party.

    

    Party A:
Hainan Zhonghe Pharmaceutical Co., Ltd.

    

    Party B:
Hainan Twenty First Media Co., Ltd.

    

                         

    Singed in
Haikou City on October 9, 2008

    
      
         

      

      
        5Unassociated Document

    

     

    Supplement
Contract

    

    The
Seller (hereinafter referred as “Party A”): Hainan Zhonghe Pharmaceutical
Co., Ltd.

     

     

    Legal
Representative: Cui Xueyun

     

    Address:
No.168 Nanhai Street, Haikou, Free Trade Zone

    
      
        
          	
                  Post
      Code: 570216

                	
                  Tel:
      0898-66822833

                

        

      

    

    

    The Buyer
(hereinafter referred as “Party B”): Hainan Twenty First Media Co.,
Ltd.

     

    Legal
Representative: Weiqiong

     

    Address:
Fortune Plaza, Binhai Street, Haikou

     

    Post
Code: 570102

    
      

       

      
        Through
friendly consultation between both parties, to ensure better performance of
“Property Sale and Purchase Contract” (hereinafter referred as “Original
Contract”) signed on October 9, 2008, it is agreed by both parties to revise the
Original Contract as following:

      

      

       

      
        
           

        

        
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      Article 1
The Article 10 about taxes and fees relating to transfer of property in Original
Contract is revised as: Party B shall be in charge go through transfer
procedures and Party A shall assist actively. Taxes and fees incurred hereby
shall be paid by Party B.

      

      Article 2
Article 3 in Original Contract regarding price is revised as: calculated by
building area, the sale price of that property is RMB17500 Yuan per squatter
meter, the total amount is RMB16,234,750.00 Yuan only.

      

      Article 3
Matters unmentioned in this Supplement Contract, if any, may be regulated
separately through negotiation by both parties and supplemented agreement may be
signed hereto, which has equal effect to this Supplement and Original
Contract.

      

      Article 4
The two parties shall consult with each other and mediate any disputes, which
may arise about the contract. If all attempts fail, the two parties can appeal
to the organization of arbitration in Haikou and ask for a final
arbitration.

      

      Article 5
This contract is in four copies with equal effect to Original Contract, will
come into effect on the date of signature.

      

       

      
        
           

        

        
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      Party A
(Chop): Hainan Zhonghe Pharmaceutical Co., Ltd.

      

      Representative:

      

      Party B
(Chop): Hainan Twenty First Media Co., Ltd.

      

      Representative:

      

       

      Singed in
Haikou City on October 27, 2008

      

      
        
           

        

        
          3Unassociated Document

     

    Property
Sale and Purchase Contract

    

    Party A:
Hainan Zhonghe Pharmaceutical Co., Ltd. (hereinafter referred as
“Party A”)

    

    Party B:
Hainan Real Estates Co., Ltd. (hereinafter referred as “Party B”)

    

    This
contract (hereinafter referred as “Contract”) is made by and between Parties in
consideration of the property and based on the mutual covenants contained
herein, whereby the both parties agree as follows:

    

    Article I
Through friendly negotiations, Party A desires to sell to Party B the blow
properties:

    

    1.1 The
property which is located at Standard Unit 1, No.3 US Industrial county,
Industrial Street, Haikou. The gross floor area of the property is 3,031 square
meters, the transfer price is RMB1018 Yuan per squatter meter, the total amount
is RMB3,085,558.00 Yuan.

     

    
      
        
        

      

      
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    1.2 The
property which is located at Room 401, Unit 3, Building 1, Huaxia zhijia, Youmin
Middle Road, Chengdu City. The construction area of the house is 67.5 square
meters, the total amount is RMB 66,154.79 Yuan.

    

    1.3 The
property which is located at Building 9, Baishayuan, Wuxi Road, Haidian
district, Haikou City. The construction area of the house is 292 square meters,
the transfer price is RMB3500 Yuan per squatter meter, the total amount is
RMB1,022,000 Yuan.

    

    1.4 The
property which is located at Floor 2 and Floor4, Multifunctional Building,
Baishayuan, Wuxi Road, Haidian District, Haikou City. The construction area of
the house is 584.23 square meters, the transfer price is RMB3500 Yuan per
squatter meter, the total amount is RMB2,044,805.00 Yuan.

     

    Article
II Payment

    Party B
shall pay the total transfer amount completely within 90 days after the
signature of this Contract.

     

    
      
        
        

      

      
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    Article
III This Contract will come into effect immediately after it is signed by both
parties, the property ownership rights will be regarded as being reserved by
Party B and Party A shall not hold the ownership thereafter. Meanwhile Party B
takes the historically remaining defects of the properties as acquiescence, and
agrees to handle the relevant procedures on its own account provided that Party
A assist actively in go through the formality till completion.

    

    Article
IV  Taxes and fees

    The
Transfer Price does not include taxes and fees incurred due to conveyancing
which thereby are at Party B’s expense.

    

    Article
V  Default Responsibility

    

    5.1 If
Party B fails to pay Party A the transfer amount specified in Article
II within fixed time, Party A may lay a interest equivalent to 0.05% of penalty
which is charged daily.

    

     

    
      
        
        

      

      
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    5.2 If
Party A fails to actively assist Party B go through the formality and causes
failure in conducting Property Ownership Certificate and User right Transfer
certification, Party A must pay Party B a penalty equivalent to 5% of transfer
amount.

    

    Article
VI  This Contract takes effect on the date signed by both
parties.

    

    Article
VI  This Contract is in two copies for either party.

    

    The
Seller: Hainan Zhonghe Pharmaceutical Co., Ltd.

    

    Legal
representative (or Authorized agent) signature:

    

    The
Buyer:  Hainan Xike Real Estates Co., Ltd.

    

    Legal
representative (or Authorized agent) signature:

    

                       This
Contract is singed in Haikou City on October 6, 2008

     

    
      
        
        

      

      
        4

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