Document:

CONTRACT FOR THE SALE OF
REAL ESTATE

    

    THIS AGREEMENT made and entered into on
this 11th day of
December, 2008, between Thomas M. Holgate and Nancy Holgate of Springfield,
Missouri, (hereinafter “Seller”) and Freedom Financial Group, Inc., a Delaware
corporation (hereinafter “Buyer”) and agree as follows:

     

    WITNESSETH:

     

    WHEREAS, the Seller is owner of certain
real estate located in Springfield, Greene County, Missouri;

     

    WHEREAS, Buyer, as a part of Seller
Thomas M. Holgate’s employment agreement with the Seller, desires to purchase
said real estate.

     

    NOW, THEREFORE, in consideration of the
covenants and agreements herein made, kept and performed, the parties agree as
follows:

     

    1.           Buyer
agrees to buy from Seller and Seller agrees to sell to Buyer all of Seller’s
right, title and interest in and to the following described real estate locate
in Springfield, Greene County, Missouri, to-wit:

     

    Lot
85 Eaglesgate Phase 1 Final Plat

     

    SUBJECT
TO easements, restrictions, reservations and covenants, if any, now of record,
and taxes for 2008, and thereafter.

     

    hereinafter
referred to as “the Real Estate”.

     

    2.           The
purchase price to be paid by Buyer to Seller for the Real Estate shall be equal
to the amounts due on Seller’s promissory notes the repayment of which are
secured by two existing Deeds of Trust signed by Seller on the real estate in
favor of Bancorp South plus $15,000.00 with the total purchase price not to
exceed three hundred forty-five thousand dollars ($345,000.00). payable in cash
equal to the amount secured by the two deeds of trust not to exceed three
hundred thirty thousand dollars ($330,000.00) and by delivery of Buyers
non-negotiable unsecured promissory note in the amount of $15,000.00 payable one
year from date of closing provided that Seller Thomas M. Holgate is an employee
of Buyer on the date the promissory note is due, unless Seller Thomas M.
Holgate’s employment with Buyer is terminated pursuant to either Section 7(a) or
Section 7(c) of his employment agreement.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    3.           Seller
shall, within ten (10) days after the execution of this Contract, provide Buyer
with a commitment for title insurance issued by Hogan Land Title Company of
Springfield, Missouri, showing marketable title vested in Seller, subject,
however, to two deeds of trust in favor of Bancorp South, one being document
#002472-08 in the Greene County Recorder’s Office, and the second being document
#001449-08 in the Greene County Recorder’s Office; easements, covenants,
conditions, and restrictions of record; and, taxes for 2008 and
thereafter.  Buyer shall have seven (7) days after receipt of the
title commitment to examine the title and make any objections to title, which
objections shall be made in writing.  If Buyer shall fail to make any
written objections by that date, then Buyer shall be deemed to have waived any
rights to make any such objections.  Seller shall use due diligence to
meet Buyer’s objections by removing any objected encumbrance or
defect.  If Seller is unable to remove any objected encumbrance or
defect by closing, then Buyer may terminate this agreement.  Except as
provided herein, title to be conveyed is to be marketable title as set forth in
Title Standard 4 of the Missouri Bar.  Any encumbrance of defect which
is within the scope of any of the Title Standards of the Missouri Bar shall not
constitute a valid objection to title on the part of the Buyer, provided Seller
furnishes the affidavits or other title papers, if any, described in the
applicable standard.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    4.           Seller
shall convey their interest in the Real Estate by delivering to Buyer at closing
their Warranty Deed, properly acknowledged, free and clear of any liens and
encumbrances, subject, however, to easements, covenants, conditions, and
restrictions of record, and taxes for the year 2008 and thereafter, at which
time all sums due Seller from Buyer shall be paid to Seller.  Seller
will assign to Buyer all existing escrow accounts held in connection with either
deed of trust. Taxes for the year 2008 will be prorated as of the date of the
closing.

     

    5.           The
closing will be held at Hogan Land Title Company, 1605 E. Sunshine, Springfield,
Missouri, within twenty (20) days after Seller delivers to Buyer a commitment
for title insurance, unless otherwise agreed by the parties.  Buyer
will be solely responsible for the purchase of any title insurance policy
insuring title in its favor in the Real Estate.

     

    6.           This
agreement may be executed in counterparts, each of which when so executed and
delivered (whether by telecopy or otherwise) shall be an original, but all of
which together shall constitute one and the same agreement.  Facsimile
signatures are considered the same as original signatures.

     

    7.           This
agreement shall be binding upon the parties hereto, their heirs, successors,
executors, and assigns.

     

    IN WITNESS WHEREOF, the parties have
subscribed their names on the day and year first next signatures.

    

    
      
        
          
            
              
                
                  
                    
                      	
                              Dated:  12/11/08

                            	
                               
      /s/Thomas
      M. Holgate

                            
	 
      	 
      	
                               
      Thomas M. Holgate, “Seller”

                            
	 
      	 
      	 
      
	
                              Dated:  12/11/08

                            	
                               
      /s/Nancy
      Holgate

                            
	 
      	 
      	
                               
      Nancy Holgate, “Seller”

                            
	 
      	 
      	 
      
	 
      	
                              AND

                            
	 
      	 
      	 
      
	 
      	
                              FREEDOM
      FINANCIAL GROUP, INC., “Buyer”

                            
	 
      	 
      	 
      
	
                              Dated:  12/11/08

                            	
                              By:

                            	
                              /s/Jerald
      L. Fenstermake

                            
	 
      	 
      	
                              Jerald
      L. Fenstermaker,
President

                            

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        3Exhibit
10.13

     

    SHARE
EXCHANGE AGREEMENT

     

    
 

    PARTY A:
ASIALINK(FAR
EAST)LIMITED,
a company incorporated under the laws of the Hong Kong Special Administrative
Region of the People’s Republic of China, with the business registration
certification number: 33913161-000-07-08-7, and the address: RM 1401 WORLD
COMMERCE CENTRE HARBOUR CITY 7-11 CANTON RD TST KL.

    

    PARTY B:
SMARTHEAT INC., a company incorporated under the laws of the State of Nevada.
Mr. Jun Wang served as the Chairman and CEO of SMARTHEAT INC., who is a Chinese
citizen.

    

    WHEREAS,
PARTY A has agreed to transfer 100% of the issued and outstanding capital stock
(the “Target Equity ”) held by it in SAN DE KE Co., Ltd. (the “Target Company”)
to PARTY B; PARTY B agreed to acquire the Target Equity and to pay the price to
PARTY A; After friendly consultations, both PARTY A and PARTY B agreed to
implement the share exchange transaction (the “Share Exchange”) upon the terms
and subject to the conditions set forth herein.

    

    Section
1. The Target Company

     

    
      	
              1.1.      

            	
              The
      Target Company is a wholly foreign-owned enterprise, which was
      incorporated under the laws of the People’s Republic of China. The Target
      Company’s business registration certification Number is QIDUHUPUZONGZI
      321124(PUDONG), and its address is 4# workshop, 6999 Chuansha Street,
      Pudong New District, Shanghai City. Mr. Zirong Zhang served as the the
      legal representative of the Target Company, who is Chinese
      citizen.

            
	 	 

    

    
      	
              1.2.      

            	
              The
      registered capital of the Target Company is US$200,000 as of the signature
      date of this Agreement. PARTY A is the exclusive shareholder of the Target
      Company, and duly holds the Target
Equity.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	
              1.3.      
        

            	
              The
      benchmark date for the Share Exchange shall be September 25, 2008. The
      balance sheet of the Target Company as of September 25, 2008 shall be an
      annex to this Agreement, which is named as “Acquisition Table”. PARTY A
      shall assure PARTY B that the Acquisition Table is real, objective and
      accurate.

            

    

    

    Section
2. Declarations and Assurances

     

    
      	
              2.1.

            	
              Declarations
      and Assurances by PARTY A to PARTY
B:

            

    

    As of the
date that the Target Equity is duly transferred to PARTY B from PARTY A, PARTY A
is duly incorporated under the laws of the Hong Kong Special Administrative
Region of the People’s Republic of China, and is in good standing; PARTY A has
the absolute right to dispose its assets of properties; PARTY A has made the
decision to consent the Share Exchange in accordance with its By-laws; The
Target Equity is free and clear of any security interest, mortgage, pledge,
lien, encumbrance.

     

    
      	
              2.2.

            	
              Declarations
      and Assurances by PARTY B to PARTY
A:

            

    

    
      As of the
date that the Target Equity is duly transferred to PARTY B from PARTY A, PARTY B
is duly incorporated under the laws of the Nevada State and is in good standing;
PARTY B has the absolute right to dispose its assets or properties; PARTY B has
made the decision to consent the Share Exchange in accordance with its By-laws;
The money paid to PARTY A by PARTY B comes from the legal
resource.

    

    

    Section
3. The Target Equity

     

    
      
        	
                3.1.      
         

              	
                PARTY
      A shall totally transfer the Target Equity to PARTY B; PARTY A shall not
      hold the shareholder status of the Target Company anymore, after the
      Target Equity has been duly transferred to PARTY B.

              
	 	 

      

    

    
      
        	
                3.2.      
       

              	
                PARTY
      B shall totally acquire the Target Equity from PARTY A; PARTY B shall be
      the exclusive shareholder of the Target Company after the Target Equity
      has been duly transferred to PARTY B.

              
	 	 

      

    

    
      	
              3.3.      
       

            	
              PARTY
      A shall be responsible for the remaining debts of the Target Company that
      are not listed on the Acquisition Table before the Target Equity has been
      duly transferred to PARTY B. After the Target Equity has been duly
      transferred to PARTY B, such debts shall not be subject to PARTY B and the
      Target Company.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
Section
4. The Price

     

    
      	
              4.1.      
      

            	
              PARTY
      B shall pay US$741,516 to PARTY A for the Share
  Exchange.

            

    

    

    Section
5. Payments

     

    
      
        
          	
                  5.1.

                	
                  PARTY
      A shall provide PARTY B with some relative written documents within 5 days
      after the signature date of this Agreement, and cooperate with PARTY B to
      apply to the government agencies for processing the approval and
      registration procedures. 

                

        

      

       

    

    
      
        	
                5.2.      
      

              	
                PARTY
      B shall pay the price to PARTY A as followed:

              
	 	 

      

    

    
      
        	
                            
      

              	
                a)
      PARTY B shall pay an initial US$ 222,455 to PARTY A within 15 days after
      the signature date of this Agreement;

              
	 	 

      

    

    
      
        	
                            
      

              	
                b)
      PARTY B shall pay an additional US$ 370,758 to PARTY A within 15 days
      after all the necessary written documents have been filed with the
      government agencies;

              
	 	 

      

    

    
      	
                          
      

            	
              c)
      PARTY B shall pay a final US$ 148,303 to PARTY A within 15 days after the
      Share Exchange has been approved and registered by the government
      agencies.

            

    

    

    Section
6. Breach of Agreement

     

    
      
        	
                6.1.      
      

              	
                PARTY
      A shall fulfill its responsibilities under this Agreement, in case of
      breach by PARTY A, it shall compensate PARTY B for actual
      losses.

              
	 	 

      

    

    
      	
              6.2.      

            	
              PARTY
      B shall fulfill its responsibilities under this Agreement, in case of
      breach by PARTY B, it shall compensate PARTY A for actual
      losses.

            

    

    

    Section
7. Governing Law and Settlement of Disputes

     

    
      
        	
                7.1.      
      

              	
                Both
      PARTY A and PARTY B have agreed that this agreement shall be deemed to
      have been made under, and shall be governed by, and construed in
      accordance with the laws of the People’s Republic of
  China.

              
	 	 

      

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

    

    
      	
              7.2.      
      

            	
              PARTY
      A and PARTY B shall friendly consult to settle the dispute arising from
      performing this Agreement; in case of failing to consult, each PARTY shall
      have the right to indict.

            

    

    

    Section
8. Effectiveness and Termination

     

    
      	
              8.1.      
      

            	
              This
      Agreement shall become effective upon the signatures and seals by PARTY A
      and PARTY B.

            

    

    

    Section
9. Procedures, Taxes and Fees

     

    
      
        	
                9.1.      
      

              	
                PARTY
      A shall assign its personnel to process the relative approval and
      registration issues, while PARTY B shall provide PARTY A with some
      necessary help.

              
	 	 

      

    

    
      	
              9.2.      
       

            	
              PARTY
      A and PARTY B shall respectively pay the taxes and fees relating to the
      Share Exchange according to the relative law; the taxes and fees that are
      not specifically regulated shall be equally shared by PARTY A and PARTY
      B.

            

    

    

    Section
10. Force Majeure

     

    
      	
              10.1.    
      

            	
              Neither
      party is responsible for any situation arising from Force Majeure such
      as:natural disasters including earthquakes, hurricanes and floods, wars,
      riots or other major national or social
  uprisings.

            

    

    

    Section
11. Copies

     

    
      
        	
                11.1.

              	
                This
      Agreement has 4 copies, each Party holds one copy, the two other copies
      are used to be file with government
agencies.

              

      

    

    

    Section
12. Signing

     

    
      	
              12.1

            	
              This
      agreement is signed in Beijing City, PRC on September 25,
      2008.

            

    

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    Section
13. Noncompetition

     

    13.1 As
the shareholders of PARTY A, Mr. Yaoming Xue and Mr. Feng Chen (the “Two
People”)both make the following Declarations and Assurances to PARTY B and the
Target Company:

     

    Within 4
years After the Target Equity has been duly transferred to PARTY B, the Two
People shall not serve the duties, other than the duties that the Two People
served in the Target Company, or not engaged in the business that will compete
with the Target Company;

     

    The Two
People shall not make any investment in the companies that will compete with the
Target Company;

     

    The Two
People shall not serve duties in any companies that will compete with the Target
Company;

     

    The Two
People shall not operate any acts that will compete with the Target
Company.

     

    13.2. The
Two People shall respectively pay RMB 800,000 (approximately equals US$116,788 )
to each of PARTY B and the Target Company, in case of breaching the clause 13.1
above.

     

    
      
        
          
            	
                    Signature:

                  	
                    1. 
      Yaoming
Xue

                  	
                    2. 
      Feng
  Chen:

                  
	 	 	 
	 
      	
                    September25,
      2008

                  	
                    September25,
      2008

                  

          

        

      

    

     

     

    
 

    PARTY A :
ASIALINK(FAR
EAST)LIMITED

    (SEAL)

    

    Signature:
/s/ Authorized
AsiaLink Signatory

    September
25, 2008

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    

    PARTY B :
SMARTHEAT INC.

    (SEAL)

    

    Signature: /s/ Authorized SmartHeat
Signatory

    September
25, 2008

     

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    Annex
:  Acquisition Table

    

     

     

    
 

    
      
         

      

      
        7

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