Document:

BTHC VIII, Inc.: Exhibit 4.1 - Prepared by TNT Filings Inc.

  

Exhibit 4.1

CANCELLATION AGREEMENT 

CANCELLATION AGREEMENT, dated June
30, 2009 (this "Agreement"), by and among, BTHC VIII, Inc., a
Delaware corporation (the "Company"), and Mr. Gerard Pascale (the
"Cancelling Party"). 

BACKGROUND 

On or about the date hereof, the
Company has entered into a Share Exchange Agreement with Megaway International
Holdings Limited, a British Virgin Islands company ("Megaway"),
and the sole shareholder of Megaway, Wisetop International Holdings Limited, a
British Virgin Islands Company (the "Shareholder"), pursuant to
which the Company will acquire from the Shareholder all of the issued and
outstanding capital stock of Megaway in exchange for 14,800,000 shares of the
Company’s common stock (the "Share Exchange Transaction"). 

It is a condition precedent to the
consummation of the Share Exchange Transaction that the Cancelling Party enter
into this Agreement, which will effectuate the cancellation of 4,805,387 shares
of the common stock, par value $.001 per share, of the Company held by the
Cancelling Party (the "Subject Shares"). The Cancelling Party is
entering into this Agreement to, among other things, induce Megaway and the
Shareholder to enter into the Share Exchange Transaction and the Cancelling
Party acknowledges that Megaway and the Shareholder would not consummate the
transactions contemplated by the Share Exchange Transaction unless the
transactions contemplated hereby are effectuated in accordance herewith. 

AGREEMENT 

NOW, THEREFORE, in consideration of
the mutual promises herein contained and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows: 

1. 

Cancellation
of Subject Shares. The Cancelling Party has delivered to the Company for
cancellation stock certificates representing the Subject Shares along with duly
executed medallion guaranteed stock powers covering the Subject Shares (or such
other documents acceptable to the Company’s transfer agent) and hereby
irrevocably instructs the Company and the Company’s transfer agent to cancel the
Subject Shares such that the Subject Shares will no longer be outstanding on the
stock ledger of the Company and such that the Cancelling Party shall no longer
have any interest in the Subject Shares whatsoever. The Company shall
immediately deliver to the Company’s transfer agent irrevocable instructions
providing for the cancellation of the Subject Shares. 

2. 

Representations by the Cancelling Party. 

(a) 

The Cancelling
Party owns the Subject Shares, of record and beneficially, free and clear of all
liens, claims, charges, security interests, and encumbrances of any kind
whatsoever. The Cancelling Party has sole control over the Subject Shares or
sole discretionary authority over any account in which they are held. Except for
this Agreement, no person has any option or right to purchase or otherwise
acquire the Subject Shares, whether by contract of sale or otherwise, nor is
there a "short position" as to the Subject Shares. 

(b) 

The Cancelling
Party has full right, power and authority to execute, deliver and perform this
Agreement and to carry out the transactions contemplated hereby. This Agreement
has been duly and validly executed and delivered by the Cancelling Party and
constitutes a valid, binding obligation of the Cancelling Party, enforceable
against it in accordance with its terms (except as such enforceability may be
limited by laws affecting creditor's rights generally). 

3. 

Further
Assurances. Each party to this Agreement will use his or its best efforts to
take all action and to do all things necessary, proper, or advisable in order to
consummate and make effective the transactions contemplated by this Agreement
(including the execution and delivery of such other documents and agreements as
may be necessary to effectuate the cancellation of the Subject Shares). 

4. 

Amendment and
Waiver. Any term, covenant, agreement or condition of this Agreement may be
amended, with the written consent of the Company and the Cancelling Party, or
compliance therewith may be waived (either generally or in a particular instance
and either retroactively or prospectively), by one or more substantially
concurrent written instruments signed by the Company and the Cancelling Party.

5. 

Survival of
Agreements, Representations and Warranties, etc. All representations and
warranties contained herein shall survive the execution and delivery of this
Agreement. 

6. 

Successors
and Assigns. This Agreement shall bind and inure to the benefit of and be
enforceable by the Company and the Cancelling Party, and their respective
successors and assigns. 

7. 

Governing
Law. This Agreement (including the validity thereof and the rights and
obligations of the parties hereunder and thereunder) and all amendments and
supplements hereof and thereof and all waivers and consents hereunder and
thereunder shall be construed in accordance with and governed by the internal
laws of the State of New York without regard to its conflict of laws rules,
except to the extent the laws of Delaware are mandatorily applicable. 

8. 

Miscellaneous. This Agreement embodies the entire agreement and
understanding between the parties hereto and supersedes all prior agreements and
understandings relating to the subject matter hereof. In case any provision of
this Agreement shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby. This Agreement may be executed in any number of
counterparts and by the parties hereto on separate counterparts but all such
counterparts shall together constitute but one and the same instrument. This
Agreement may be reproduced by any electronic, photographic, photostatic,
magnetic, microfilm, microfiche, microcard, miniature photographic, facsimile or
other similar process and the original thereof may be destroyed. The parties
agree that any such reproduction shall, to the extent permitted by law, be as
admissible in evidence as the original itself in any judicial or administrative
proceeding (whether or not the original is in existence and whether or not the
reproduction was made in the regular course of business) and that any
enlargement, facsimile or further reproduction shall likewise be admissible in
evidence. Facsimile execution and delivery of this Agreement is legal, valid and
binding execution and delivery for all purposes. 

[Signature Page Follows] 

2 

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement as of the date first above written. 

BTHC VIII, INC. 

By:                                                              

Name: Gerard Pascale 

Title: President 

 

                                                                    

Gerard Pascale 

 

 

[Signature Page to Cancellation Agreement]BTHC VIII, Inc.: Exhibit 10.1 - Prepared by TNT Filings Inc.

Exhibit 10.1  

Commission Loan Agreement  

(Ref. 2008002) 

Party A (the Borrower): the Company 

Legal Representative (Person in Charge): Zhao Guohong

Registered Address: No.5 Nan Huan Xi Road, Tie Xi
District, Siping City 

Type of License: Business License (Ref:
2203002302109) 

	Post Code: 136000 	Tel: 0434-3262125 

Party B (Principal): Siping City Fu Guo Investment and
Development Co., Ltd 

Legal Representative (Person in Charge): Wang Hongzhi

Address: No.277, Jian Xin Road, Ren Xing Street, Tie Xi
District, Siping City 

Type of License: Business License (Ref:
2203001510404) 

	Post Code: 136000 	Tel: 0434-3250941 

Party C (Agent Bank/Lender): Siping City Credit
Association Union 

Person in Charge: Wang Jingui 

Address: No.527, Gong Yuan North Road, Tie Xi District,
Siping City 

Type of License: Finance License (Ref:
F10122430H0140) 

	Post Code: 136000 	Tel: 0434-5088999 

Whereas: 

Party B and Party C signed and executed Commission Loan
Agreement (Ref. 2008002). Upon the request of Party A, Party B entrusts
the Party C with its own funds to make the said funds available to the Party A
on behalf of the Party B with the terms and conditions of this Agreement. 

Article I: Loan 

1.1 Amount of the Loan: RMB Twenty Eight Million (28,000,000)
Yuan. 

1.2 Purpose: working capital of the Company. 

1.3 Term of the Loan: Three years commencing from 27 June 2008
till 26 June 2011. 

Article II: Interest Rate and the calculation of interest
and financial expense 

The first interest rate under this Agreement shall be 6% above
the lending rate over the same period published by the People’s Bank of China;
annual interest rate is 8.0136% . The interest rate shall be adjusted 21 June
every year; the adjusted interest rate shall be 6% above the lending rate of the
same category over the same period published by the People’s Bank of China. (The
financial expense has been collected under Agreement with Ref.2008001.) 

The interest hereunder shall be calculated as of the date on
which the Loan is transferred to the Borrower’s saving account from the Lender.
The Borrower shall transfer the due and payable interest to the Lender’s saving
account 3 days prior to the interest settlement date, the Lender shall be
entitled to withdraw the interest from this account directly. Should the
Borrower fail to comply with its obligation abovementioned, other expense in
relation to and arising from the Borrower’s failure shall be bored by the
Borrower. 

In the case where the Loan is misappropriated or repaid
overdue, the default interest shall be calculated on the default interest rate
hereunder basis from the misappropriation or the due date, until the date on
which the misappropriation is corrected or the payable Loan is repaid. 

The default interest rate for overdue repayment= the interest
rate under this Agreement×150%. 

The default interest rate for misappropriation= the interest
rate under this Agreement×200%. 

If any lump of Loan is appropriated and repaid at the mean
time, the higher default interest rate shall be applicable. 

Compound interest shall be calculated against to the interest
which is failed to be paid on time, compound interest shall be calculated
against to the interest arising from the misappropriated or overpaid principal
lump of Loan. 

Article III: Issuance and repayment of the Loan 

3.1 Party C shall not have the obligation to issue the Loan
unless the following conditions are fulfilled: 

(1) There is enough sum of amount, not less than the amount of
the Loan in Party B’s commission fund saving account opened in Party C; 

(2) Party C receives Authorization Issuance Notice
regarding Commission Loan from Party B; 

(3) The guarantee agreement under this Agreement is executed
and remains valid; 

(4) Other premise agreed by the three parties concerning the
issuance of the Loan: 

	              
      None                                                     
       

3.2 The issuance plan of the Loan: 

RMB Twenty Eight Million (2,800,800) Yuan shall be issued on 27
June 2008. 

3.3 The actual amount issued and the issuance date of the Loan
shall be subject to the 

Loan Receipt. 

3.4 The repayment plan: 

RMB 1,000,000 Yuan shall be repaid on 20 November 2008; 

RMB 2,000,000 Yuan shall be repaid on 20 May 2009; 

RMB 2,000,000 Yuan shall be repaid on 20 November 2009; 

RMB 6,000,000 Yuan shall be repaid on 20 May 2010; 

RMB 6,000,000 Yuan shall be repaid on 20 November 2010; 

RMB 6,000,000 Yuan shall be repaid on 20 May 2011; 

RMB 5,000,000 Yuan shall be repaid on 26 June 2011. 

3.5 Party A shall repay the Loan and pay the interest to Party
B through Party C, and authorize Party C to deduct corresponding sum of amount
from Party A’s saving account opened with Party C to repay the Loan and pay the
interest. 

3.6 Party could repay part of or the whole of the Loan in
advance with Party B’s written consent. Party C should handle the procedures
concerning advance repayment in accordance with Party B’s notice. 

Article IV: The Payment of the Loan Fund 

4.1 The counter-guarantee agreement is signed and executed
between Party A and its guarantor. 

4.2 Party C shall make the payment of the Loan fund according
to the Payment Notice of Loan Fund Commission issued by the
guarantor. 

Article V: The extension of the Loan 

An Application for Commission Loan Extension
shall be submitted to Party B 30 days prior to the due date for the Loan
if the Party A applies for extension. With Party B’s written consent and notice,
Party C shall handle and complete the extension Loan procedures in accordance
with Application for Commission Loan Extension approved by Party
B. Party B shall undertake the loss arising from the extension of the Loan. 

Article VI: Representations and Warranties of Party A

6.1 Party A is an independent legal entity, enjoys all
necessary capability, and is entitled to carry out the obligation under this
Agreement and undertake civil liabilities in its own name. 

6.2 The signing and execution of this Agreement is Party A’s
genuine expression of intention, it obtains all necessary approval and
authorization, no legal flaws exists. 

6.3 The documents, sheets, materials and information provided
by Party A to Party B and C during the process of signing and execution of this
Agreement is authentic, complete, accurate and valid; Party A never conceals any
information which could affect its financial status and repayment capability
from Party B and C. 

Article VII: Party A’s Obligation 

7.1 Party A shall repay the principal and pay the interest
according to the plan stipulated in this Agreement. 

7.2 Party A shall use Loan according to the purpose stipulated
under this Agreement, Party A shall not occupy or misappropriate the Loan. 

7.3 Party A shall bear the fees and expenses arising from this
Agreement and the guarantee under this Agreement, including but not limited to
the notarization fees, verification fees, assessment fees, and registration
fees. 

7.4 Party A shall comply with Party C’s business systems and
operation practice concerning loan business, including but not limited to
cooperation with Party A and C for Party B and C’ investigation and supervision
on Party A’s production and operation, provide all the financial sheets, other
materials and information required by Party B and C timely, and promise that all
the documents, materials and information are genuine, complete and accurate.

7.5 In the case where Party A is confronted with any following
event, party A shall inform Party B and C in written at least 30 day prior to
the occurrence of the event, and no such event shall be carried out unless the
principal is repaid and interest is paid or the repayment plan and guarantee is
furnished and approved by Party B:

(1) The whole or substantial part of the major assets or assets
is sold, granted, leased out, transferred, mortgaged, pledged or disposed in any
other manner; 

(2) Significant change occurs to operation system or
organization form of property, including but not limited to the activities of
contracting for management, leased out, joint operation, reform as a company
limited by shares, reform as a company of joint stock cooperation, combination,
merger, joint venture, division, establishment of subsidiary, transfer of
property rights and decrease of capital. 

7.6 Party A shall notify Party B and C in written within 7 days
as of the date of the occurrence of the following event: 

(1) Alteration regarding Articles of Association, enterprise
name, legal representative (person in charge), liaison address, mailing address
or business scope and any other items of registration, decision which could
affect finance and personnel substantially; 

(2) Party A or its guarantor plans to apply for bankruptcy or
has been applied for bankruptcy by its creditor; 

(3) Party A is involved in material lawsuit or arbitration, or
its major assets or the guarantee under this Agreement has been detrained or
frozen or taken measure of property custody. 

(4) Party A provides guarantee to another third party, and
brings adverse impact to its financial status or the capability to perform the
obligation under this Agreement; 

(5) Party A signs such contracts which could adverse affect its
operation and financial status; 

(6) Party A or its guarantor ceases production, closes
business, dissolves, shutouts for reorganization, or its business license is
revoked; 

(7) Party A, or its the legal representative (person in charge)
or major management personnel commit illegal activity; 

(8) Adverse trouble occurs to business, financial status
deteriorates, or other events which could have adverse impact on Party A’s
operation, financial status or capability to repay the Loan occur. 

7.7 Where any changes bring about disadvantage to the guarantee
under this Agreement, Party A shall furnish other guarantee timely approved by
Party B upon Party B’s request. 

The changes here includes but not limited to: The guarantor
ceases production, closes business, dissolves, shutouts for reorganization, or
its business license is revoked, applies for or has been applied for bankruptcy;
material change occurs to the business or financial status of the guarantor; the
guarantor is involved in material lawsuit or arbitration; the value of guarantee
decreases or may decrease or is taken property custody measures; the guarantor
has breached the guarantee agreement; dispute occurs between the guarantor and
Party A; the guarantor demands to terminate the guarantee agreement; the
guarantee agreement does not come into effect or become void or revoked; the
guarantee is not created or void; or other events which could affect Party B’s
creditor’s rights. 

Article VIII: Other Issues 

       
None                                         
 

Article IX: The Loan Deemed as Due in Advance 

In case any following event occurs, Party B is entitled to
request Party C to cease issuing the lump of the principal which has not been issued,
declare unilaterally that part of or the whole of the issued lump of the
principal under this Agreement due in advance, and requires Party A to repay all
due principal and pay all interest. Upon Party B’s written notice, Party C shall
take corresponding measures: 

(1) The representations and warranties made by Party A under
Article VI are not true; 

(2) Party A violates the obligation under this Agreement; 

(3) Any events stipulated in Section 7.6 occur, and Party B
considers that its creditor’s rights are affected thereof. 

Article X: The indemnity measure concerning breach of
agreement 

10.1 Where Party A fails to repay principal and pay interest
timely and fully, or fails to use the Loan according to the purpose stipulated
in this Agreement, Party C is entitled to calculated and collect interest based
on the default interest rate for overdue repayment or misappropriation
respectively, and calculate compound interest against the due payable interest.
The default interest rate for overdue repayment shall be 50% above the interest
rate stipulated under this Agreement; the default interest rate for
misappropriation shall be 100% above the interest rate stipulated under this
Agreement. 

10.2 Should Party A fails to repay the principal and pay the
interest timely and fully, Party A shall undertake the fees and expenses arising
from realization of creditor’s rights by Party B and C, include but not limited
to litigation fees, arbitration fees, execution fees, attorney’s fees,
transportation fees and other relevant fees. 

10.3 If Party A avoids Party C’s inspection and supervision,
delays to repay the principal and pay the interest, escapes the indebtedness
intentionally, Party B and C are entitled to report such activities to relevant
authorities, or publish announcement through media. 

Article XI: Solution of Dispute 

Any dispute under this Agreement shall be submitted to the
Party B’s local court for litigation. During the dispute period, the three
parties shall continue to carry out its own obligation without dispute. 

Article XII: Miscellaneous 

12.1 The Loan Receipt under this Agreement and
other documents, materials confirmed collectively by the three parties are
integral part of this Agreement. 

12.2 This Agreement shall come into effect upon the signature
or the seal of the legal representatives (persons in charge) or authorized
persons of the three parties, and the seals affixed. 

12.3 This Agreement is prepared in duplicate with each party
holding one copy of which. 

12.4 Party A has read through all the terms and conditions
hereunder, Party B has made corresponding explanation upon Party A’s request;
Party A has no dissent to all the content here. 

Execution: 

Party A: the Company (company seal) 

Legal Representative (or Authorized Representative):
Zhao Guohong 

Party B: Siping City Fu Guo Investment and Development Co.,
Ltd (company seal) 

Legal Representative (or Authorized Representative):
Wang Zhihong 

Party C: Siping City Credit Association Union (company
seal) 

Legal Representative (or Authorized Representative): Wang
Jingui 

Date: 24 July 2008

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