Document:

Execution
      Copy

    THIS
      AGREEMENT TO
      AMEND
      THAT CERTAIN TRUST
      DEED made on April 15, 2008 between CHINA
      ARCHITECTURAL ENGINEERING, INC.,
      and
THE
      BANK OF NEW YORK, LONDON BRANCH,
      is made, agreed and entered into on this
      17th
      day of September 2008, between the Issuer, the Trustee, ABN AMRO Bank, N.V.,
      London Branch (“ABN
      AMRO”),
      and
      CITIC Allco Investments Limited (“CITIC
      Allco”,
      and
      together with ABN AMRO, each a “Bondholder”
and
      together the “Bondholders”),
      currently the holders of the Bonds issued pursuant to the Trust
      Deed.

     

    RECITALS

     

    WHEREAS
      :-

     

    
      	(A)  	
              A
                Trust Deed (the “Trust
                Deed”)
                was made on April 15, 2008 between CHINA
                ARCHITECTURAL ENGINEERING, INC.,
                a
                company incorporated under the laws of the State of Delaware whose
                registered office is at 2711 Centerville Road, Suite 400, Wilmington,
                Delaware 19808, c/o Corporation Service Company (the “Issuer”)
                and THE
                BANK OF NEW YORK, LONDON BRANCH,
                a company incorporated with limited liability in United Kingdom,
                whose
                principal office is situated at 40th Floor, One Canada Square, London,
                E14, 5AL, United Kingdom (the “Trustee”).

            

    

     

    
      	(B)  	
              ABN
                AMRO is a Bondholder currently holding $7,500,000 in principal amount
                or
                37.5% of the Bonds.

            

    

     

    
      	(C)  	
              CITIC
                Allco is a Bondholder currently holding $12,500,000 in principal
                amount or
                62.5% of the Bonds.

            

    

     

    
      	(D)  	
              The
                Issuer intends to register the Bonds with the U.S. Securities and
                Exchange
                Commission (“SEC”). As it is self-executing, upon such registration, the
                mandatory sections of the Trust Indenture Act of 1939 (“TIA”)
                will be deemed incorporated into the Trust Deed, whether or not those
                provisions of the TIA are actually included in the Trust
                Deed.

            

    

     

    
      	(E)  	
              Therefore,
                the parties have agreed to enter into this Agreement to amend certain
                provisions of the Trust Deed to incorporate and/or reference the
                mandatory
                sections of the TIA.

            

    

     

    NOW
      THEREFORE IT IS HEREBY AGREED as follows:

     

    
      	1.  	
              DEFINITIONS
                AND INTERPRETATION

            

    

     

    In
      this
Agreement,
      terms and expressions defined in the Trust Deed shall, unless the context
      otherwise requires, have the same meanings when used herein.

     

    
      	2.  	
              AMENDMENT
                AND RESTATEMENT 

            

    

     

    The
      Trust
      Deed is amended and restated as of the date hereof in the form attached as
      Annex
      A.

     

    
      	3.  	
              UNDERTAKING

            

    

     

    The
      Issuer shall deliver to the Trustee and the Bondholders certified
      copies of the resolutions of the board of directors of the Issuer approving
      this
      Agreement and authorising the execution thereof.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	4.  	
              MISCELLANEOUS

            

    

     

    
      	4.1  	
              Except
                as expressly amended in this Agreement, the Trust Deed shall continue
                in
                full force and effect in all respects and shall be read and construed
                to
                give full effect to the provisions of this
                Agreement.

            

    

     

    
      	4.2  	
              All
                costs, expenses and fees, including legal and accounting fees,
                registration fees, taxes, stamp duty and all other charges and
                disbursements whatsoever incurred by each of the Bondholders or the
                Trustee in connection with the preparation, negotiation, execution,
                administration and enforcement of this Agreement and any documents
                to be
                executed pursuant hereto shall be paid by the Issuer forthwith on
                demand
                on a full indemnity basis.

            

    

     

    
      	4.3  	
              This
                Agreement shall be construed and governed by the laws of England
                and the
                parties hereby agree to submit to the exclusive jurisdiction of the
                English courts.

            

    

     

    This
      Agreement has been duly executed on the date first above written.

     

    
      Amendment
        Agreement

    

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

    THE
      ISSUER

     

    Executed
      as a deed by

    CHINA
      ARCHITECTURAL ENGINEERING, INC. 

     

     

    

    By:  
      /s/ Luo Ken Yi                

    Name:
      Luo
      Ken Yi

    Title:
      Chairman

     

     

                                     /s/ Li, Gang
      Ling

    Name
      of
      Witness: Li, Gang Ling

    Address:
      13F, Excellence Times Square

           
4068
      Yitian Square, Futian, Shenzhen

           
P.
      R. China

    

    

    THE
      TRUSTEE

    

    Executed
      as a deed by

    THE
      BANK OF NEW YORK, LONDON BRANCH 

     

    

     

     

    

    By:  
      /s/ Eva Tam                  

    Name:
      Eva
      Tam

    Title:

     

     

     

     

                                    
      /s/ Irene Ding

    Name
      of
      Witness: Irene Ding

    Address:

    

    

    
      Signature
        page to 

      Amendment
        Agreement

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    THE
      BONDHOLDERS

     

    Executed
      as a deed by

    ABN
      AMRO BANK, N.V., LONDON BRANCH 

     

    

     

     

    
      	
              By:  
                /s/ B. Lau                  
                

              Name:
                B. Lau

              Title:
                Executive Director

            	
              By:  
                /s/ A. Gardner                  
                

              Name:
                A. Gardner

              Title:
                Director

            

    

    

    

     

                                    
      /s/ K Kwok                 

    Name
      of
      Witness: K Kwok

    Address:
      ABN AMRO Bank N.V.

           
38/F,
      Cheung Kong Center

           
2
      Queen's Road Central

           
Central,
      Hong Kong

    

    

    

    

    

    

    Executed
      as a deed by

    CITIC
      ALLCO INVESTMENTS LIMITED 

     

     

    

    By:  
      /s/ Emil Cheung                

    Name:
      Emil Cheung

    Title:
      Authorized Signatory

    

    
       

      
        	
                
                  Name
                    of Witness: Howard Wong

                  Address:
                    28/F CITIC Tower

                              
                       
                    1 Tim Mei Avenue, Central

                            
                         
                    Hong Kong

                

              	
                
                  /s/ Howard
                    Wong

                

              

      

    

     

    

    

     

    
      Signature
        page to 

      Amendment
        Agreement

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      A

     

    FORM
      OF AMENDED AND RESTATED TRUST DEED

     

     

     

     

     

     

     

     

    
      Amendment
        Agreement

    

    
      
        
        

      

      
        
          Annex
            A-1Execution
        Copy

    

     

    
      
        

      

    

    

    AMENDED
      AND RESTATED TRUST DEED

    

    

    CHINA
      ARCHITECTURAL ENGINEERING, INC. 

    

    US$20,000,000
      12% CONVERTIBLE BONDS DUE 2011

    

    

    Originally
      Dated April 15, 2008

    Amended
      and Restated on September 17, 2008

    

    
      

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      CONTENTS

      
        	Clause	 	Page
	 	 	 
	
                1.

              	
                Interpretation

              	
                1

              
	
                2.

              	
                Amount
                  of the Bonds and Covenant to Pay

              	
                5

              
	
                3.

              	
                Form
                  of the Bonds and Certificates; Issue of the Bonds

              	
                6

              
	
                4.

              	
                Stamp
                  Duties and Taxes

              	
                7

              
	
                5.

              	
                Covenants
                  relating to the Conversion Rights

              	
                8

              
	
                6.

              	
                Notices
                  Relating to the Conversion Rights

              	
                10

              
	
                7.

              	
                Adjustments
                  to the Conversion Price

              	
                12

              
	
                8.

              	
                Application
                  of Moneys Received by the Trustee

              	
                18

              
	
                9.

              	
                General
                  Covenants

              	
                19

              
	
                10.

              	
                Remuneration
                  and Indemnification of Trustee

              	
                22

              
	
                11.

              	
                Provisions
                  supplemental to the Trustee Acts

              	
                24

              
	
                12.

              	
                Liability
                  of the Trustee

              	
                29

              
	
                13.

              	
                Waiver
                  and Proof of Default

              	
                29

              
	
                14.

              	
                Trustee
                  not Precluded from Entering into Contracts

              	
                30

              
	
                15.

              	
                Modification
                  and substitution

              	
                30

              
	
                16.

              	
                Appointment,
                  Retirement and Removal of the Trustee

              	
                32

              
	
                17.

              	
                Communications

              	
                33

              
	
                18.

              	
                Further
                  Issues

              	
                34

              
	
                19.

              	
                Currency
                  Indemnity

              	
                34

              
	
                20.

              	
                Governing
                  Law, Third Party Rights and Jurisdiction

              	
                35

              
	
                21.

              	
                Third
                  Party Rights

              	
                35

              
	
                22.

              	
                Counterparts

              	
                35

              
	
                23.

              	
                Termination
                  of this Trust Deed

              	
                35

              
	
                24.

              	
                Provisions
                  of the Trust Indenture Act

              	
                36

              
	
                Schedule
                  1 Form of Certificate

              	
                41

              
	
                Schedule
                  2 Form of Global Certificate

              	
                47

              
	
                Schedule
                  3 Provisions for Meetings of Bondholders

              	
                54

              

      

       

      
        Amended
          and Restated Trust Deed
 

      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

         

      

    

    THIS
      AMENDED AND RESTATED TRUST DEED (this
      “Trust
      Deed”)
      is
      originally dated on April 15, 2008, and is amended and restated on September
      17,
      2008, between:

    

    (1) CHINA
      ARCHITECTURAL ENGINEERING, INC.
      a
      company incorporated under the laws of the State of Delaware whose registered
      office is at c/o Corporation Service Company, 2711
      Centerville Road, Suite 400, Wilmington, Delaware (the “Issuer”);
      and

    

    (2) THE
      BANK OF NEW YORK, LONDON BRANCH,
      in its
      specified office situated at One Canada Square, London, E14, 5AL, United Kingdom
      (the “Trustee”,
      which
      expression, where the context so admits, includes all persons for the time
      being
      the trustee or trustees of this Trust Deed).

    

    WHEREAS:

    

    
      	
              (A)

            	
              The
                Issuer (pursuant to resolutions of its board of directors dated April
                14,
                2008) authorised the issue of US$20,000,000 12% Convertible Bonds
                due 2011
                (the “Bonds”)
                convertible into shares of common stock of the Issuer with par value
                of
                US$0.001 each to be constituted by this Trust
                Deed.

            

    

    

    
      	
              (B)

            	
              The
                Trustee agreed to act as trustee of this Trust Deed on the following
                terms
                and conditions.

            

    

    

    
      	
              (C)

            	
              The
                Issuer intends to register the Bonds with the U.S. Securities and
                Exchange
                Commission (“SEC”).
                As it is self-executing, upon such registration, the mandatory sections
                of
                the Trust Indenture Act of 1939 (“TIA”)
                will be deemed incorporated into the Trust Deed, whether or not those
                provisions of the TIA are actually included in the Trust
                Deed.

            

    

    

    
      	
              (D)

            	
              The
                Trust Deed is hereby amended and restated to incorporate and/or reference
                the mandatory sections of the TIA.

            

    

    

    THIS
      TRUST DEED WITNESSES AND IT IS HEREBY AGREED AND DECLARED AS
      FOLLOWS:

     

    
      	
              1.

            	
              Interpretation

            

    

    

    
      	
              1.1

            	
              Definitions
                

            

    

    

    The
      following expressions have the following meanings:

    

    “ABN
      AMRO”
means
      ABN AMRO Bank, N.V., London Branch;

    

    “Accounts”
means,
      in relation to the Issuer and a Fiscal Period, its balance sheet and income
      statements for that Fiscal Period, which shall be consolidated if the Issuer
      has
      Subsidiaries the accounts of which should be consolidated under the laws or
      regulations of the United States of America or under the generally accepted
      accounting principles in the United States of America;

    

    “Agency
      Agreement”
means
      the paying and conversion agency agreement dated April 15, 2008, as supplemented
      from time to time, among the Issuer, the Trustee, the Registrar and the Agents,
      whereby the Registrar and the Agents are appointed and includes any other
      agreements related to it, as supplemented from time to time, approved in writing
      by the Trustee appointing Successor Agents and/or a Successor
      Registrar;

    

    “Agents”
means
      the Principal Agent, the Registrar and the other paying, conversion and transfer
      agents appointed under the Agency Agreement, at their specified offices, and
      their Successors;

    

    “Alternative
      Major Stock Exchange”
has
      the
      meaning set out in Condition 6(D);

    

    “Alternative
      Stock Exchange”
has
      the
      meaning set out in Condition 6(D);

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          1
          -

        
          

        

      

      
        
        

      

    

     

    “AMEX”
means
      the American Stock Exchange;

    

    “Auditors”
means
      in relation to the Issuer, the firm of auditors appointed by the Board of
      Directors, from time to time, of the Issuer;

    

    “Bondholder”
or,
      in
      respect of a Bond, “holder”
means
      a
      person in whose name a Bond is registered in the register of
      Bondholders;

    

    “Bonds”
means
      the bonds, in the denomination of US$1,000 each, in registered form comprising
      the US$20,000,000 12% Convertible Bonds due 2011 (the “Bonds”)
      constituted by this Trust Deed and for the time being outstanding or, as the
      context may require, a specific number or principal amount of them;

    

    “business
      day”
has
      the
      meaning set out in Condition 8(F); 

    

    “Capital
      Distribution”
has
      the
      meaning set out in Condition 6(D);

    

    “Certificate”
means
      a
      certificate, substantially in the form set out in Schedule
      1,
      issued
      in the name of the holder of one (1) or more Bonds; and, except in Clause
3,
      includes the Global Certificate;

    

    “CITIC
      Allco”
has
      the
      meaning set out in Condition 6(E)(i);

    

    “Clearstream”
means
      Clearstream Banking, société anonyme, incorporated under the laws of the Grand
      Duchy of Luxembourg or any successor securities clearing agency;

    

    “Conditions”
means
      the terms and conditions of the Bonds set out in Schedule 1 as from time to
      time
      modified in accordance with this Trust Deed, and as modified, in their
      application to the Bonds in respect of which the Global Certificate is issued,
      by the provisions of the Global Certificate, and any reference to a particularly
      numbered Condition shall be construed accordingly;

    

    “Conversion
      Date”
has
      the
      meaning set out in Condition 6(B)(i);

    

    “Conversion
      Notice”
means
      the written notice in a form previously approved by the Trustee required to
      accompany the Certificates deposited for the purposes of conversion of Bonds,
      the initial form of which is set out in Exhibit A to the Agency
      Agreement;

    

    “Conversion
      Period”
has
      the
      meaning set out in Condition 6(A)(i);

    

    “Conversion
      Price”
has
      the
      meaning set out in Condition 6(A)(iii);

    

    “Conversion
      Right”
has
      the
      meaning set out in Condition 6(A)(i);

    

    “Current
      Market Price”
has
      the
      meaning set out in Condition 6(D);

    

    “definitive
      Certificate”
has
      the
      meaning ascribed to it in the Global Certificate;

    

    “Default”
means
      any event that is, or with the passage of time or the giving of notice or both
      would be, an Event of Default;

    

    “Dividend”
has
      the
      meaning set out in Condition 6(D);

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

    “Early
      Redemption Amount”
has
      the
      meaning set out in Condition 9(B);

    

    “Equivalent
      Amount”
has
      the
      meaning set out in Condition 6(B)(iii);

    

    “Euroclear”
means
      Euroclear Bank S.A./N.V., or any successor securities clearing
      agency;

    

    “Event
      of Default”
means
      any of the events described in Condition 12; 

    

    “Extraordinary
      Resolution”
has
      the
      meaning set out in Schedule
      3;

    

    “Fair
      Market Value”
has
      the
      meaning set out in Condition 6(D); 

    

    “Fiscal
      Period” means,
      as
      the context may require, a period commencing on 1 January and ending on the
      succeeding 31 December, provided that if the Issuer shall change its financial
      year so as to end on a date other than 31 December, the foregoing shall be
      amended as necessary;

    

    “Global
      Certificate”
means
      the single global certificate substantially in the form set out in Schedule
      2
      issued in respect of all the Bonds;

    

    “Liability” means
      any
      loss, damage, cost, charge, claim, demand, expense, judgment, action, proceeding
      or other liability whatsoever (including, without limitation, in respect of
      taxes, duties, levies, imposts and other charges) and including any value added
      tax or similar tax charged or chargeable in respect thereof and legal fees
      and
      expenses on a full indemnity basis;

    

    “Listing
      Rules”
means
      the listing rules of the AMEX;

    

    “non-assessable”,
      in
      relation to securities, including the Shares, means that, when issued, those
      securities are not subject to any further calls by the Issuer for, or any other
      provisions which could require, further payments or contributions from their
      holders;

    

    “outstanding”
means,
      in relation to the Bonds, all the Bonds issued except (a) those which have
      been
      redeemed in accordance with the Conditions, (b) those in respect of which the
      date for redemption has occurred and the redemption moneys and all accrued
      default interest (if any) have been duly paid to or to the order of the Trustee
      as provided in Clause 2
      or have
      been duly paid to the Principal Agent if permitted by Clause 2,
      (c)
      those in respect of which claims have become prescribed under Condition 14,
      (d)
      those which have been purchased and cancelled by the Issuer or any of their
      respective Subsidiaries as provided in the Conditions, (e) those in respect
      of
      which the Conversion Right has been duly exercised and discharged (and, for
      the
      avoidance of doubt, a Bond in respect of which a Conversion Date has occurred
      shall be deemed to remain outstanding until the Conversion Right has been
      satisfied and discharged even if the holder is removed from the register of
      Bondholders during the conversion process); (f) those mutilated or defaced
      Bonds
      which have been surrendered and cancelled and in respect of which replacements
      have been issued pursuant to Condition 17, (g) the Global Certificate to the
      extent that it shall have been exchanged for another Global Certificate in
      respect of the Bonds or for the Bonds in definitive form pursuant to its
      provisions; and provided that for the purposes of (i) ascertaining the right
      to
      attend and vote at any meeting of the Bondholders, (ii) determining how many
      Bonds are outstanding for the purposes of Conditions 12, 13 and 16 and Schedule
      3, (iii) the exercise of any discretion, power or authority which the Trustee
      is
      required, expressly or impliedly, to exercise in or by reference to the
      interests of the Bondholders, and (iv) the certification (where relevant) by
      the
      Trustee as to whether any event, circumstance, matter or thing is in its opinion
      materially prejudicial to the interests of the Bondholders, those Bonds which
      are beneficially held by or on behalf of the Issuer or any of their respective
      Subsidiaries and not yet cancelled shall (unless no longer so held) be deemed
      not to remain outstanding;

     

    
      Amended
        and Restated Trust Deed

    
      
        
        

      

      
        -
          3
          -

        
          

        

      

      
        
        

      

    

    “Person”
means
      any individual, corporation, partnership, joint venture, association,
      joint-stock company, trust, unincorporated organization, limited liability
      company or government or other entity;

    

    “Principal
      Agent”
means
      The Bank of New York, London Branch at its specified office at One Canada
      Square, London, E14 5AL, United Kingdom or any Successor Principal Agent
      appointed under the Agency Agreement, at its specified office;

    

    “record
      date”
means
      a
      date fixed by or pursuant to the By-laws of the Issuer or otherwise specified
      for the purpose of determining entitlements to dividends or other distributions
      to, or rights of, holders of Shares;

    

    “Registrar”
means
      The Bank of New York at its specified office at 101 Barclay Street, New York,
      NY
      10286, United States of America or any Successor Registrar appointed under
      the
      Agency Agreement, at its specified office;

    

    “Shares”
means
      the shares of common stock of the Issuer with par value of US$0.001 per share
      that will be listed on the AMEX;

    

    “Shareholder”
means
      the person in whose name a Share is registered;

    

    “specified
      office”
means,
      in relation to an Agent or the Registrar, the office identified with its name
      at
      the end of the Conditions or any other office approved by the Trustee and
      notified to the Bondholders pursuant to Clause 9.11;

    

    “Subsidiary”
has
      the
      meaning set out in Condition 5(B)(iii);

    

    “Successor”
means,
      in relation to the Agents or the Registrar, such other or further person as
      may
      from time to time be appointed by the Issuer as an Agent or the Registrar with
      the written approval of, and on terms approved in writing by, the Trustee and
      notice of whose appointment is given to Bondholders pursuant to Clause
9.11;

    

    “Trading
      Day”
has
      the
      meaning set out in Condition 6(D);

    

    “this
      Trust Deed”
means
      this Trust Deed (as from time to time altered in accordance with this Trust
      Deed) and any other document executed in accordance with this Trust Deed (as
      from time to time so altered) and expressed to be supplemental to this Trust
      Deed;

    

    “trust
      corporation”
means
      a
      corporation entitled pursuant to any legislation applicable to a trustee in
      any
      jurisdiction to act as trustee and carry on trust business under the laws of
      the
      country of its incorporation; and

    

    “Warrant”
has
      the
      meaning set out in Condition 6(E)(i).

    

    
      	
              1.2

            	
              Construction
                of Certain References 

            

    

    

    References
      to:

    

    
      	 	
              (a)

            	
              costs,
                charges, remuneration or expenses include any withholding, value
                added,
                turnover or similar tax charged in respect
                thereof;

            

    

     

    
      Amended
        and Restated Trust Deed

       

    

    
      
        
        

      

      
        -
          4
          -

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              (b)

            	
              “United
                States dollars”,
                “US$”
                and “United
                States cents” are
                to the lawful currency for the time being of the United States of
                America;

            

    

    

    
      	 	
              (c)

            	
              a
                Schedule or a Clause or a sub-clause, paragraph or sub-paragraph
                is,
                unless otherwise stated, to a schedule hereto or a clause or sub-clause,
                paragraph or sub-paragraph hereof respectively;

            

    

    

    
      	 	
              (d)

            	
              an
                action, remedy or method of judicial proceedings for the enforcement
                of
                rights of creditors include references to the action, remedy or method
                of
                judicial proceedings in jurisdictions other than England as shall
                most
                nearly approximate thereto; and

            

    

    

    
      	 	
              (e)

            	
              references
                in this Trust Deed and the Conditions to the consent or approval
                of the
                Trustee not being unreasonably withheld or delayed shall be construed
                giving due regard to the fact that the Trustee in giving any such
                consent
                or approval is acting as Trustee for the Bondholders and is obliged
                to act
                in their interests.

            

    

    

    
      	
              1.3

            	
              Headings

            

    

    

    Headings
      shall be ignored in construing this Trust Deed.

    

    
      	
              1.4

            	
              Schedules
                

            

    

    

    The
      Schedules are part of this Trust Deed and have effect accordingly.

    

    
      	
              1.5

            	
              Definitions
                in Conditions 

            

    

    

    Terms
      defined in the Conditions shall, unless otherwise defined herein, have the
      same
      meaning when used in the main body of this Trust Deed.

     

    
      	
              2.

            	
              Amount
                of the Bonds and Covenant to
                Pay

            

    

    

    
      	
              2.1

            	
              Amount
                of the Bonds

            

    

    

    The
      aggregate principal amount of the Bonds is limited to US$20,000,000 subject
      to
      increase by the principal amount of any bonds issued pursuant to Condition
      18.

    

    
      	
              2.2

            	
              Covenant
                to pay

            

    

    

    The
      Issuer will on one (1) business day (as defined in Condition 8(F)) prior to
      any
      date when the Bonds or any of them become due to be redeemed unconditionally
      pay
      to or to the order of the Trustee in London in United States dollars in
      immediately available funds the principal amount of the Bonds becoming due
      for
      redemption on that date (to be received by 10:00 a.m. New York time) together
      with any applicable premium and will (subject to the Conditions) until such
      payment (both before and after judgment) unconditionally so pay to or to the
      order of the Trustee interest in United States dollars on the principal amount
      of the Bonds outstanding as set out in the Conditions provided that:

    

    
      	 	
              (a)

            	
              every
                payment of any sum due in respect of the Bonds made to the Principal
                Agent
                as provided in the Agency Agreement shall, to that extent, satisfy
                such
                obligation except to the extent that there is failure in its subsequent
                payment to the relevant Bondholders under the Conditions; and
                

            

    

     

    
      Amended
        and Restated Trust Deed

       

    

    
      
        
        

      

      
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          5
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              (b)

            	
              a
                payment made after the due date or pursuant to Condition 12 will
                be deemed
                to have been made when the full amount due (including interest or
                default
                interest accrued (if any)) has been received by the Principal Agent
                or the
                Trustee and notice to that effect has been given to Bondholders (if
                required under Clause 9.10)
                except (if payment is made to Principal Agent) to the extent that
                there is
                failure in the subsequent payment to the relevant Bondholders under
                the
                Conditions. 

            

    

    

    The
      Trustee will hold the benefit of this covenant on trust for the
      Bondholders.

    

    
      	
              2.3

            	
              Discharge

            

    

    

    Subject
      to Clause 2.4,
      any
      payment to be made in respect of the Bonds by the Issuer or the Trustee may
      be
      made as provided in the Conditions and any payment so made will (subject to
      Clause 2.4)
      to such
      extent be a good discharge to the Issuer or the Trustee, as the case may
      be.

     

    
      	
              2.4

            	
              Payment
                after a Default

            

    

    

    At
      any
      time after an Event of Default has occurred, the Trustee may:

     

    
      	 	
              (a)

            	
              by
                notice in writing to the Issuer, the Agents and the Registrar, require
                the
                Agents and the Registrar, until notified by the Trustee to the contrary,
                so far as permitted by applicable law:

            

      	 	 	 

    

    
      	 	
              (i)

            	
              to
                act as agents of the Trustee under this Trust Deed and the Bonds
                on the
                terms of the Agency Agreement (with consequential amendments as necessary
                and except that the Trustee’s liability for the indemnification,
                remuneration and all other expenses of the Agents and the Registrar
                will
                be limited to the amounts for the time being held by the Trustee
                in
                respect of the Bonds on the terms of this Trust Deed) and thereafter
                to
                hold all Certificates and all moneys, documents and records held
                by them
                in respect of Bonds to the order of the Trustee;
                and/or

            

    

    
      	 	
              (ii)

            	
              to
                deliver all Certificates and all moneys, documents and records held
                by
                them in respect of the Bonds to the Trustee or as the Trustee shall
                direct
                in such notice or subsequently, provided that this Clause 2.4(a)(ii)
                shall not apply to any documents or records which the Principal Agent,
                the
                Registrar or the relevant Agent is not obliged to release by any
                law or
                regulation to which it is subject;
                and

            

    

    

    
      	 	
              (b)

            	
              by
                notice in writing to the Issuer require them to make all subsequent
                payments in respect of the Bonds to or to the order of the Trustee
                and not
                to the Principal Agent.

            

      	 	 	 

    

    
      	
              3.

            	
              Form
                of the Bonds and Certificates; Issue of the
                Bonds

            

      	 	 

    

    
      	
              3.1

            	
              The
                Global Certificate

            

    

    

    On
      issue
      of the Bonds, the Global Certificate will be issued in respect of the aggregate
      principal amount of the Bonds and the Issuer shall procure the Registrar to
      make
      such entries of Bonds in the register of Bondholders as appropriate. The Global
      Certificate will be issued and registered in the name of a nominee of, and
      deposited with a common depositary for Euroclear and Clearstream or their
      nominee. The Global Certificate need not be security printed. The Bonds
      evidenced by the Global Certificate shall be subject to its terms in all
      respects and entitled to the same benefits under this Trust Deed as Bonds
      evidenced by individual definitive Certificates.

     

    
      Amended
        and Restated Trust Deed

       

    

    
      
        
        

      

      
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          6
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              3.2

            	
              The
                definitive Certificates

            

    

    

    The
      definitive Certificates, if issued, will be security printed in accordance
      with
      all applicable legal and stock exchange requirements and will be substantially
      in the form set out in Schedule 1 and endorsed with the Conditions.

    

    
      	
              3.3

            	
              Signature

            

    

    

    The
      Global Certificate (and the definitive Certificates, if issued) will be signed
      manually or in facsimile by one (1) or more directors or officers duly
      authorised for the purpose, or manually or in facsimile by any duly authorised
      attorney of the Issuer, and authenticated manually by or on behalf of the
      Registrar. The Issuer may use the signature of any person who as at the date
      of
      this Trust Deed is an authorised officer or attorney, as the case may be, of
      the
      Issuer even if at the time of issue of any definitive Certificate or the Global
      Certificate he no longer holds such office and the Bonds in respect of which
      the
      Global Certificate or a definitive Certificate is so executed and authenticated
      will be binding and valid obligations of the Issuer.

    

    
      	
              3.4

            	
              Issue

            

    

    

    Issue
      and
      delivery of the Bonds shall be completed on the issue and delivery of the Global
      Certificate to the common depositary referred to in Clause 3.1
      (or its
      representative) by, or by the order of, the Issuer and completion of the
      register of Bondholders by or on behalf of the Registrar.

    

    
      	
              3.5

            	
              Entitlement
                to treat holder as owner

            

    

    

    The
      holder of any Bond will (save as otherwise required by law) be treated as its
      absolute owner for all purposes (whether or not it is overdue and regardless
      of
      any notice of ownership, trust or any interest in it or any writing on or the
      theft or loss of the Certificate issued in respect of it) and no person will
      be
      liable for so treating the holder.

    

    
      	
              3.6

            	
              Authentication

            

    

    

    No
      Bond
      shall be entitled to any benefit under this Trust Deed or be valid for any
      purpose, unless and until authenticated by the manual signature of the
      Registrar. The Registrar’s authentication to be borne on the Bonds shall be the
      certificate of authentication substantially as set out in the form of
Schedule
      2,
      and
      such certificate upon any Bond shall be conclusive evidence, and the only
      evidence, that such Bond has been duly authenticated and delivered
      thereunder.

     

    
      	
              4.

            	
              Stamp
                Duties and Taxes

            

    

    

    
      	
              4.1

            	
              Stamp
                Duties

            

    

    

    The
      Issuer will pay any stamp, issue, registration, documentary, transfer or other
      taxes and duties, including interest and penalties, payable in respect of the
      creation, issue and offering of the Bonds, the execution or delivery of this
      Trust Deed and the deposit of Certificates for the conversion of Bonds and
      the
      issue and delivery of Shares following such deposit, except for the taxes and
      duties required to be paid by Bondholders under Condition 6(B)(ii). The Issuer
      will also indemnify the Trustee and the Bondholders from and against all stamp,
      issue, registration, documentary or other taxes and duties paid by any of them
      in any jurisdiction in connection with any action taken by or on behalf of
      the
      Trustee or, as the case may be, (where entitled under Condition 15 to do so)
      the
      Bondholders to enforce the obligations of the Issuer under this Trust Deed
      or
      the Bonds.

     

    
      Amended
        and Restated Trust Deed

       

    

    
      
        
        

      

      
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          7
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              4.2

            	
              Change
                of Taxing Jurisdiction

            

    

    

    If
      the
      Issuer becomes subject generally to the taxing jurisdiction of any territory
      or
      any authority of or in that territory having power to tax other than or in
      addition to New York or the United Kingdom or any such authority of or in such
      territory which imposes taxes, duties, assessments or governmental charges
      of
      whatever nature with respect to this Trust Deed or the Bonds then the Issuer
      will notify the Trustee as soon as practicable and (subject to Condition
      6(B)(ii)) give to the Trustee an undertaking satisfactory to the Trustee in
      terms corresponding to the terms of Condition 11 with the substitution for,
      or
      (as the case may require) the addition to, the references in that Condition
      to
      New York and the United Kingdom of references to that other or additional
      territory or authority to whose taxing jurisdiction the Issuer has become so
      subject. In such event, this Trust Deed and the Bonds will be read in accordance
      with the above terms.

     

    
      	
              5.

            	
              Covenants
                relating to the Conversion
                Rights

            

    

    

    So
      long
      as any Bond remains outstanding, save with the approval of an Extraordinary
      Resolution of the Bondholders or with the approval of the Trustee where, in
      the
      opinion of the Trustee, it is not materially prejudicial to the interests of
      the
      Bondholders to give such approval, the Issuer will:

    

    
      	
              5.1

            	
              Availability
                of Shares

            

    

    

    Keep
      available, free from pre-emptive or other rights, out of its authorised but
      unissued share capital such number of Shares as would be required to be issued
      on conversion of all the Bonds from time to time remaining outstanding and
      to
      satisfy in full all other rights of conversion into or exchange or subscription
      for Shares and shall ensure that all Shares delivered on conversion of Bonds
      will be duly and validly issued as fully-paid and non-assessable; ensure that
      it
      will keep available a sufficient number of authorized and unissued Shares such
      that the Conversion Price shall not be affected by any limitation to an
      adjustment to the Conversion Price set forth in Clause 7.2
      (c) and
      Condition 6(E).

     

    
      	
              5.2

            	
              Restricted
                Actions

            

    

    

    Not
      make
      any issue, grant or distribution or take any other action the effect of which
      would be to reduce the Conversion Price below
      the
      par value of the Shares; not take any action or permit any action which would
      result in any limitation to an adjustment to the Conversion Price pursuant
      to
      Clause 7.2(c);
      Take
      such actions as are required to avoid any limitation to an adjustment to the
      Conversion Price pursuant to Clause 7.2(c).

    

    
      	
              5.3

            	
              Notice

            

    

    

    
      	 	
              (a)

            	
              Within
                five business days from the date of this Trust Deed, give notice
                to the
                Bondholders and the Trustee announcing the initial Conversion Price
                in
                accordance with Condition
                6(a)(iii);

            

    

    

    
      	 	
              (b)

            	
              Simultaneously
                with the announcement of the terms of any event which give rise to
                the
                adjustment of Conversion Price pursuant to this Trust Deed and the
                Conditions, give notice to the Bondholders and the Trustee in accordance
                with Condition 19 (such notice to be signed by an authorised officer
                of
                the Issuer) advising them of the date on which the relevant adjustment
                of
                the Conversion Price is likely to become effective and of the effect
                of
                exercising their rights of conversion before
                then;

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          8
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              5.4

            	
              Directors’
                Certificate

            

    

    

    If
      an
      event happens as a result of which the Conversion Price may be adjusted pursuant
      to this Trust Deed and the Conditions, as soon as practicable send the Trustee
      a
      certificate signed by two (2) directors of the Issuer on behalf of the Issuer
      setting out particulars of the event, whether an adjustment to the Conversion
      Price falls to be made and, if so, the adjusted Conversion Price and the date
      on
      which such adjustment takes effect and in any case setting out such other
      information as the Trustee may reasonably require;

     

    
      	
              5.5

            	
              Extend
                Offer

            

    

    

    If
      an
      offer is made to all (or as nearly as may be practicable all) Shareholders,
      or
      all (or as nearly as may be practicable all) such Shareholders other than the
      offeror and/or any associate or associates of the offeror to acquire all or
      a
      majority of the issued equity share capital of the Issuer, or if any person
      proposes a scheme with regard to such acquisition, give notice of such offer
      or
      scheme to the Bondholders at the same time as any notice thereof is sent to
      its
      Shareholders (or as soon as practicable thereafter) stating that details
      concerning such offer or scheme may be obtained from the specified offices
      of
      the Agents and the Registrar and, where such an offer or scheme has been
      recommended by the Board of Directors of the Issuer or where such an offer
      has
      become or been declared unconditional in all respects, use its best endeavours
      to procure that a like offer or scheme is extended to the Bondholders and the
      holders of any Shares issued during the period of the offer or scheme arising
      out of Conversion Rights;

    

    
      	
              5.6

            	
              No
                Reduction of Issued Share
                Capital

            

    

    

    Not
      make
      any reduction of its ordinary share capital or any uncalled liability in respect
      thereof or of any share premium account or capital redemption reserve fund
      (except, in each case, as permitted by law or by means of a purchase or
      reduction of the share capital of the Issuer permitted by Clause 5.5
      or where
      the reduction has resulted in an adjustment to the Conversion Price under Clause
      7.1
      that is
      not subject to limitation under Clause 7.2(c));

    

    
      	
              5.7

            	
              Closing
                of Register of Members

            

    

    

    Unless
      so
      required by applicable law or regulation or in order to determine the
      entitlement of rights to a dividend or other rights attaching to the Shares
      or
      entitlements of the Shareholders, not close its register of Shareholders or
      take
      any other action which prevents the transfer of its Shares generally and ensure
      that the Bonds may be converted legally and the Shares issued on conversion
      may
      (subject to any limitation imposed by law) be transferred (as between transferor
      and transferee) at all times while the register is closed or such other action
      is effective, nor take any action which prevents the conversion of the Bonds
      or
      the issue of Shares in respect of them;

    

    
      	
              5.8

            	
              Listing
                of Shares

            

    

    

    
      	 	
              (a)

            	
              promptly
                list the Shares into which the Bonds are or may be convertible pursuant
                to
                the terms of this Trust Deed and the Conditions on the AMEX or any
                Alternative Major Stock Exchange and in any event no later than October
                15, 2008,

            

    

    

    
      	 	
              (b)

            	
              maintain
                such listing on the AMEX or any Alternative Major Stock Exchange,
                and

            

    

    

    
      	 	
              (c)

            	
              will
                forthwith give notice to the Bondholders in accordance with Condition
                19
                of any such listing or delisting of such Shares (as a class) by the
                AMEX
                or any Alternative Major Stock Exchange;

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          9
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              5.9

            	
              Expenses

            

    

    

    Pay
      the
      expenses of the issue of, and all expenses of obtaining and maintaining a
      listing for, Shares arising on conversion of the Bonds.

    

    For
      the
      above purposes, “equity
      share capital”
means
      the share capital of a company excluding any part of that capital which, neither
      as respects dividends nor as respects capital, carries any right to participate
      beyond a specified amount in a distribution.

     

    
      	
              6.

            	
              Notices
                Relating to the Conversion
                Rights

            

      	 	 

    

    
      	
              6.1

            	
              Requirement
                to give notice

            

    

    

    If
      after
      the date of this Trust Deed:

     

    
      	 	
              (a)

            	
              the
                Issuer declares, or pays or makes a Capital Distribution, or authorises
                the grant, issue or offer to all or substantially all holders of
                Shares of
                rights or warrants to subscribe for or purchase any shares or securities
                other than Shares or any securities convertible into or exchangeable
                for
                or which confer rights to purchase Shares;
                or

            

    

    

    
      	 	
              (b)

            	
              there
                is a re-classification of the Shares (including a sub-division or
                consolidation of the Issuer’s outstanding Shares) or a consolidation,
                merger or amalgamation to which the Issuer is not the surviving party
                or
                any sale or transfer of all or substantially all of the assets or
                business
                of the Issuer; or

            

      	 	 	 

    

    
      	 	
              (c)

            	
              the
                Issuer authorises the issue of any securities convertible into or
                exchangeable for Shares or rights or warrants to subscribe for or
                purchase
                Shares (other than the Warrants issued to ABN AMRO and CITIC Allco)
                or
                securities (other than those referred to in paragraph 6.1(a) above)
                which
                     will, or authorises the issue of any Shares which will, (or,
                if in any
                such case a relevant consideration or offering price fixed by the
                Board of
                Directors of the Issuer to be recommended at a relevant general meeting
                of
                shareholders is adopted, will) upon issue give rise to an adjustment
                to
                the Conversion Price pursuant to Clause 7;
                or

            

    

    

    
      	 	
              (d)

            	
              there
                is a voluntary or involuntary dissolution, liquidation
                or winding-up of the Issuer, 

            

    

    

    the
      Issuer shall forthwith give written notice thereof to the Trustee and the
      Principal Agent and, in addition, it will at least five (5) business days before
      the applicable (in the case of paragraph (i)
      below)
      record date or (in the case of paragraph (ii)
      below)
      record date or date of submission, whichever is earlier, or (in the case of
      paragraph (iii)
      below)
      date of submission, or (in the case of paragraph (iv)
      below)
      date of issue or (in the case of paragraph (v)
      below)
      record date or effective date, whichever is earlier, give notice to the
      Bondholders stating, as the case may require:

     

    
      	 	
              (i)

            	
              the
                record date in the United States for such issuance or event described
                in
                paragraphs 6.1(a), (b) or (c), above; or

            

      	 	 	 

    

    
      	 	
              (ii)

            	
              the
                date in the United States (1) on which such re-classification,
                consolidation, merger, amalgamation, sale, transfer, dissolution,
                liquidation or winding-up is to be submitted to a general meeting
                of
                Shareholders of the Issuer for approval, and (2) which is the record
                date
                for the same (if applicable), and (3) on which such re-classification,
                consolidation, merger, amalgamation, sale, transfer, dissolution,
                liquidation or winding-up is expected to become effective, and (4)
                as of
                which it is expected that holders of Shares will be entitled, if
                at all,
                to exchange their Shares for securities or other property deliverable
                upon
                such re-classification, consolidation, merger, amalgamation, sale,
                transfer, dissolution, liquidation or winding-up;
                or

            

    

     

    
      Amended
        and Restated Trust Deed

       

    

    
      
        
        

      

      
        -
          10
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 

    

    
      	 	
              (iii)

            	
              (in
                the event of the declaration of a Capital Distribution referred to
                in
                paragraph 6.1(a)
                above, the payment of which must be submitted for approval to a general
                meeting of Shareholders or to a meeting of the Board of Directors
                of the
                Issuer before such Capital Distribution may be paid or made) the
                date of
                such submission; or

            

      	 	 	 

    

    
      	 	
              (iv)

            	
              (in
                the event of an issue referred to in paragraph 6.1(c)
                above) the date of such issue; or

            

      	 	 	 

    

    
      	 	
              (v)

            	
              (in
                the event of such re-classification, consolidation, merger, amalgamation,
                sale, transfer, dissolution, liquidation or winding-up described
                in
                paragraph 6.1(b) or (c) above not being submitted to a general meeting
                of
                shareholders of the Issuer for approval) (1) the record date for
                the same
                (if applicable), and (2) the date when the same becomes
                effective;

            

    

    

    provided
      that if the exact date of any such submission referred to in paragraph
(ii)
      or
(iii)
      above is
      not known at the time of such notice to the Trustee and the Principal Agent,
      such notice shall indicate the approximate date thereof and the Issuer shall
      give a second notice to the Trustee and the Principal Agent as soon as
      practicable, specifying the exact date of submission, and provided further
      that
      if the period referred to in paragraph (i)
      above or
      the effective date or exchange date referred to in paragraph (ii)
      above or
      the date of issue or effective date referred to in paragraph (iv)
      or
(v)
      above is
      not known at the time of such first notice to the Trustee and the Principal
      Agent, the Issuer shall give a second notice (which shall be in writing) to
      the
      Trustee and the Principal Agent, at least fourteen (14) days before the
      commencement of such period or (as the case may be) before such date specifying
      such period (and the date of its commencement) and/or such date and shall also
      (in a case within paragraph (i),
      (ii)
      or
(v)
      above)
      cause such second notice to be given to Bondholders at least fourteen (14)
      days
      before the commencement of the applicable period or (as the case may be) before
      the effective date or exchange date except where such period or date has already
      been specified in the first notice to the Bondholders. However, in the case
      of
      any issue referred to in paragraph 6.1(c)
      above,
      the Issuer need not give any notice mentioned above before the date on which
      the
      relevant consideration per Share for such issue is fixed by the Issuer but
      in
      such case the Issuer shall promptly upon the fixing of such consideration give
      notice in accordance with this Clause; and provided further that the Issuer
      need
      not give any notice mentioned above before the date on which it otherwise
      discloses or gives notice of such event to any other party.

    

    
      	
              6.2

            	
              Where
                Adjustment to Conversion Price
                Required

            

    

    

    If
      the
      event referred to in the notice required pursuant to Clause 6.1
      would
      result in an adjustment to the Conversion Price, such notice shall also state
      the Conversion Price in effect at the time such notice is required to be given
      and the Conversion Price which will result after giving effect to such event
      or,
      if such adjusted Conversion Price is not then determinable, the fact that an
      adjustment in the Conversion Price may result. Without prejudice to Clause
      5.2,
      if,
      after giving effect to the event covered by any such notice and to any
      adjustment in the Conversion Price, the Shares could not or might not, under
      applicable law then in effect, be legally issued on conversion of Bonds as
      fully-paid and non-assessable, such notice shall also state such fact and the
      extent to which, by reason of such provisions, effect will not be given to
      such
      adjustment.

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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          11
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              6.3

            	
              Notice
                of Adjustment or Reset

            

    

    

    If,
      while
      any Conversion Right is or is capable of being or becoming exercisable, there
      shall be any adjustment to the Conversion Price, the Issuer shall (a) as soon
      as
      practicable notify the Trustee and the Agents of particulars of the event giving
      rise to the adjustment, the Conversion Price prior to such adjustment, the
      adjusted Conversion Price, the date on which the adjustment takes effect and
      such other information as the Trustee may require, and (b) promptly after the
      adjustment takes effect, give notice to the Bondholders stating that the
      Conversion Price has been adjusted and setting out the event giving rise to
      the
      adjustment, the Conversion Price in effect before the adjustment, the adjusted
      Conversion Price and the effective date of the adjustment. However, a notice
      pursuant to another sub-Clause of this Clause 6
      correctly stating any information required to be given pursuant to this
      sub-Clause shall, as to such information, satisfy the requirements of this
      sub-Clause.

    

    
      	
              6.4

            	
              Notification
                of Closed Periods

            

    

    

    The
      Issuer shall give not less than fifteen (15) days’ nor more than sixty (60)
      days’ notice to the Trustee and the Agents of (a) any days during the Conversion
      Period on which the Issuer’s register of shareholders is to be closed by reason
      of New York law or applicable rules and regulation or for the purpose of
      determining the entitlements of rights to any dividend or other rights attaching
      to the Shares, and (b) any other day during the Conversion Period on which
      it is
      aware that its register of shareholders is to be closed. The notice shall state
      the reason for such closure and whether the Issuer intends to give notice to
      Bondholders of the closure.

    

    
      	
              6.5

            	
              Notification
                of end of Conversion
                Period

            

    

    

    The
      Issuer shall give not less than twenty-eight (28) days’ nor more than forty-two
      (42) days’ notice to the Bondholders in writing prior to the end of the
      Conversion Period, which notice shall specify the Conversion Rights of the
      Bondholders and the Conversion Price then in effect (as adjusted pursuant to
      Clause 7
      of this
      Trust Deed, if applicable).

     

    
      	
              7.

            	
              Adjustments
                to the Conversion Price

            

      	 	 

    

    
      	
              7.1

            	
              The
                Conversion Price will be subject to adjustment in the following events
                as
                follows:

            

    

    

    
      	 	
              (a)

            	
              Consolidation,
                Subdivision or Reclassification:
                If and whenever there shall be an alteration to the nominal value
                of the
                Shares as a result of consolidation, subdivision or reclassification,
                the
                Conversion Price shall be adjusted by multiplying the Conversion
                Price in
                force immediately before such alteration by the following
                fraction:

            

    

    
    

     

    A

    
      
        

      

    

    B

     

    Where:

     

    
      	 	
              A

            	
              is
                the nominal amount of one (1) Share immediately after such alteration;
                and

            
	 	
              B

            	
              is
                the nominal amount of one (1) Share immediately before such
                alteration.

            

    

     

    Such
      adjustment shall become effective on the date the alteration takes
      effect.

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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              (b)

            	
              Capitalisation
                of Profits or Reserves:
                If and whenever the Issuer shall issue any Shares credited as fully
                paid
                to the holders of Shares (the “Shareholders”)
                by way of capitalisation of profits or reserves (including any share
                premium account) including, Shares paid up out of distributable profits
                or
                reserves and/or share premium account, the Conversion Price shall
                be
                adjusted by multiplying the Conversion Price in force immediately
                before
                such issue by the following
                fraction:

            

    

    
       

      A

      
        
          

        

      

      B

    

                                                                                                    

    Where:

    
       

      
        	 	
                A

              	
                is
                  the aggregate nominal amount of the issued Shares immediately before
                  such
                  issue; and

              
	 	
                B

              	
                is
                  the aggregate nominal amount of the issued Shares immediately after
                  such
                  issue.

              

      

    

     

    Such
      adjustment shall become effective on the date of issue of such Shares or if
      a
      record date is fixed therefor, immediately after such record date.

    

    
      	 	
              (c)

            	
              Capital
                Distributions:
                If and whenever the Issuer shall pay or make any Capital Distribution
                to
                the Shareholders (except to the extent that the Conversion Price
                falls to
                be adjusted under paragraph (b) above), the Conversion Price shall
                be
                adjusted by multiplying the Conversion Price in force immediately
                before
                such Capital Distribution by the following
                fraction:

            

    

     

    A
      - B

    
      
        
          
 B

               

      

      Where:

      
         

        
          	 	
                  A

                	
                  is
                    the Current Market Price of one (1) Share on the last Trading
                    Day preceding the date on which the Capital Distribution is publicly
                    announced; and

                
	 	
                  B

                	
                  is
                    the Fair Market Value on the date of such announcement of the
                    portion of
                    the Capital Distribution attributable to one (1)
                    Share.

                

        

      

    

     

    Such
      adjustment shall become effective on the date that such Capital Distribution
      is
      actually made or if a record date is fixed therefor, immediately after such
      record date.

    

    When
      the
      Capital Distribution is by means of distribution of a cash dividend such cash
      dividend shall be regarded as a Capital Distribution and shall be fully taken
      into account in the determination of the Fair Market Value of the portion of
      the
      Capital Distribution attributable to one (1) Share. 

    

    
      	 	
              (d)

            	
              Rights
                Issues of Shares or Options over Shares:
                If and whenever the Issuer shall issue Shares to all or substantially
                all
                Shareholders as a class by way of rights, or issue or grant to all
                or
                substantially all Shareholders as a class by way of rights, any options,
                warrants or other rights to subscribe for or purchase or otherwise
                acquire
                any Shares, in each case at less than the Current Market Price per
                Share
                on the last Trading Day preceding the date of the announcement of
                the
                terms of the issue or grant, the Conversion Price shall be adjusted
                by
                multiplying the Conversion Price in force immediately before such
                issue or
                grant by the following fraction:

            

    

     

    
    

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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    A +
      B

    
      
        
          

        

      

      A
        + C

      
        Where:

        
           

          
            	 	
                    A

                  	is the
                    number of Shares
                    in issue immediately before such announcement;
	 	
                    B

                  	is the
                    number of Shares
                    which the aggregate amount (if any) payable for the Shares issued
                    by way
                    of rights or for the options or warrants or other rights issued
                    by way of
                    rights and for the total number of Shares comprised therein would
                    subscribe for, purchase or otherwise acquire at such Current
                    Market Price
                    per Share; and
	 	C	is the
                    aggregate number
                    of Shares issued or, as the case may be, comprised in the
                    grant.

          

        

      

    

     

    Such
      adjustment shall become effective on the date of issue of such Shares or issue
      or grant of such options, warrants or other rights (as the case may
      be).

    

    
      	 	
              (e)

            	
              Rights
                Issues of Other Securities:
                If and whenever the Issuer shall issue any securities (other than
                Shares
                or options, warrants or other rights to subscribe for, purchase or
                otherwise acquire Shares) to all or substantially all Shareholders
                as a
                class by way of rights or grant to all or substantially all Shareholders
                as a class by way of rights, any options, warrants or other rights
                to
                subscribe for, purchase or otherwise acquire any securities (other
                than
                Shares or options, warrants or other rights to subscribe for, purchase
                or
                otherwise acquire Shares), the Conversion Price shall be adjusted
                by
                multiplying the Conversion Price in force immediately before such
                issue or
                grant by the following fraction:

            

    

                      

    A
      - B

    
      
        

      

      B
                                                                                 
      

    Where:

    
       

      
        	 	
                A

              	
                is
                  the Current Market Price of one (1) Share on the last Trading Day
                  preceding the date on which such issue or grant is publicly announced;
                  and

              
	 	
                B

              	is the Fair
                Market Value
                on the date of such announcement of the portion of the rights attributable
                to one (1) Share.

      

    

     

    Such
      adjustment shall become effective on the date of issue of the securities or
      grant of such rights, options or warrants (as the case may be).

    
      	 	
              (f)

            	
              Issues
                at less than Conversion Price:
                If and whenever the Issuer shall issue (otherwise than as mentioned
                in
                paragraph (d) above) any Shares (other than Shares issued on the
                exercise
                of Conversion Rights or on the exercise of any other rights of conversion
                into, or exchange or subscription for, Shares) or shall issue or
                grant
                (otherwise than as mentioned in paragraph (d) above) options, warrants
                or
                other rights to subscribe for, purchase or otherwise acquire Shares
                in
                each case at a price per Share which is less than the Conversion
                Price in
                effect at the time of such issue, then, in such event, the Conversion
                Price shall be reduced, concurrently with such issue or grant, to
                a price
                equal to the consideration per share for which such Shares are or
                will be
                issued. If such Shares are issued for no consideration, then the
                consideration per share shall be deemed to be the then current par
                value
                of each Share.

            

    

    

    Determination
      of Consideration: For
      purpose of this Clause 7.1(f),
      the
      consideration received by the Issuer for the issue of any such Shares shall
      be
      computed as follows:

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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              (A)

            	
              in
                so far as such consideration consists of cash, it shall be computed
                at the
                aggregate amount of cash received by the
                Issuer;

            

    

    

    
      	 	
              (B)

            	
              in
                so far as such consideration consists of property other than cash,
                it
                shall be computed at the fair value thereof at the time of such issue,
                as
                determined in good faith by the directors of the Issuer (the “Directors”);
                provided, however, that no value shall be attributed to any services
                performed by any employee, officer or director of the Issuer;
                and

            

    

    

    
      	 	
              (C)

            	
              in
                the event the Shares are issued together with other shares or securities
                or other assets of the Issuer for consideration which covers both
                the
                proportion of such consideration so received with respect to such
                Shares,
                shall be computed as provided in paragraphs (A) and (B) above, as
                determined in good faith by the
                Directors.

            

    

    

    References
      to additional Shares in the above formula shall, in the case of an issue by
      the
      Issuer of options, warrants or other rights to subscribe or purchase Shares,
      mean such Shares to be issued assuming that such options, warrants or other
      rights are exercised in full at the initial exercise price on the date of issue
      of such options, warrants or other rights.

    

    Such
      adjustment shall become effective on the date of issue of such additional Shares
      or, as the case may be, the issue of such options, warrants or other rights.
      

    

    
      	 	
              (g)

            	
              Other
                Issues at less than Conversion Price:
                Save in the case of an issue of securities arising from a conversion
                or
                exchange of other securities in accordance with the terms applicable
                to
                such securities themselves falling within this Clause 7.1(g), if
                and
                whenever the Issuer or any of its Subsidiaries (otherwise than as
                mentioned in paragraphs (d), (e) or (f), or (at the direction or
                request
                of or pursuant to any arrangements with the Issuer or any of its
                Subsidiaries) any other company, person or entity shall issue any
                securities (other than the Bonds) which by their terms of issue carry
                rights of conversion into, or exchange or subscription for, Shares
                to be
                issued by the Issuer upon conversion, exchange or subscription at
                a
                consideration per Share which is less than the Conversion Price in
                effect
                at the time of issue of such securities, then, in such event, the
                Conversion Price shall be reduced, concurrently with such issue,
                to a
                price equal to the consideration per share receivable by the Issuer
                for
                the Shares to be issued on conversion or exchange or on exercise
                of the
                right of subscription determined by reference to the maximum number
                of
                Shares to be issued on conversion, exchange or subscription at the
                minimum
                conversion, exchange or subscription price. If such Shares are issued
                for
                no consideration, then the consideration per share shall be deemed
                to be
                the then current par value of each
                Share.

            

    

    

    Determination
      of Consideration: For
      purpose of this Clause 7.1(g), the consideration receivable by the Issuer for
      the issue of any such Shares shall be computed as follows:

    

    
      	 	
              (A)

            	
              in
                so far as such consideration consists of cash, it shall be computed
                at the
                aggregate amount of cash received by the
                Issuer;

            

    

    

    
      	 	
              (B)

            	
              in
                so far as such consideration consists of property other than cash,
                it
                shall be computed at the fair value thereof at the time of such issue,
                as
                determined in good faith by the Directors; provided, however, that
                no
                value shall be attributed to any services performed by any employee,
                officer or director of the Issuer;
                and

            

    

    

    
      	 	
              (C)

            	
              in
                the event the Shares are issued together with
                other shares or securities or other assets of the Issuer for consideration
                which
                covers both the proportion of such consideration so received with
                respect
                to such Shares, shall be computed as provided in paragraphs (A) and
                (B)
                above, as determined in good faith by the
                Directors.

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          15
          -

        
          

        

      

      
        
        

      

    

     

    Such
      adjustment shall become effective on the date of issue of such
      securities.

    

    
      	 	
              (h)

            	
              Modification
                of Rights of Conversion etc.:
                If and whenever there shall be any modification of the rights of
                conversion, exchange or subscription attaching to any such securities
                as
                are mentioned in Clause 7.1(g) (other than in accordance with the
                terms of
                such securities) so that the consideration per Share (for the number
                of
                Shares available on conversion, exchange or subscription following
                the
                modification) is reduced and is less than the Conversion Price in
                effect
                at the time of such modification, the Conversion Price shall be reduced,
                concurrently with such modification, to a price equal to the modified
                consideration per share receivable by the Issuer for the Shares to
                be
                issued on conversion or exchange or on exercise of the right of
                subscription determined by reference to the maximum number of Shares
                to be
                issued on conversion, exchange or subscription at the minimum conversion,
                exchange or subscription price. If such Shares are issued for no
                consideration, then the consideration per share shall be deemed to
                be the
                then current par value of each
                Share.

            

    

    

    Determination
      of Consideration: For
      purpose of this Clause 7.1(h), the consideration receivable by the Issuer for
      the issue of any such Shares shall be computed as follows:

    

    
      	 	
              (A)

            	
              in
                so far as such consideration consists of cash, it shall be computed
                at the
                aggregate amount of cash received by the
                Issuer;

            

    

    

    
      	 	
              (B)

            	
              in
                so far as such consideration consists of property other than cash,
                it
                shall be computed at the fair value thereof at the time of such issue,
                as
                determined in good faith by the Directors; provided, however, that
                no
                value shall be attributed to any services performed by any employee,
                officer or director of the Issuer;
                and

            

    

    

    
      	 	
              (C)

            	
              in
                the event the Shares are issued together with other shares or securities
                or other assets of the Issuer for consideration which covers both
                the
                proportion of such consideration so received with respect to such
                Shares,
                shall be computed as provided in paragraphs (A) and (B) above, as
                determined in good faith by the
                Directors.

            

    

    

    Such
      adjustment shall become effective on the date of modification of the rights
      of
      conversion, exchange or subscription attaching to such securities.

    

    
      	 	
              (i)

            	
              Other
                Offers to Shareholders:
                If and whenever the Issuer or any of its Subsidiaries or (at the
                direction
                or request of or pursuant to any arrangements with the Issuer or
                any of
                its Subsidiaries) any other company, person or entity issues, sells
                or
                distributes any securities in connection with which an offer to which
                the
                Shareholders generally are entitled to participate in arrangements
                whereby
                such securities may be acquired by them (except where the Conversion
                Price
                falls to be adjusted under Clause 7.1(d), Clause 7.1(e), Clause 7.1(f)
                or
                Clause (g), the Conversion Price shall be adjusted by multiplying
                the
                Conversion Price in force immediately before such issue by the following
                fraction:

            

    

     

    
                        

      A
        - B

      
        
          

        

        A
                                                                                 
        

    

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          16
          -

        
          

        

      

      
        
        

      

    

     

    
      Where:

      
         

        
          	 	
                  A

                	is the
                  Current Market
                  Price of one (1) Share on the last Trading Day preceding the date
                  on which
                  such issue is publicly announced; and
	 	
                  B

                	is the
                  Fair Market Value
                  on the date of such announcement of the portion of the rights attributable
                  to one (1) Share.

        

      

    

     

    Such
      adjustment shall become effective on the date of issue of the
      securities.

    

    
      	 	
              (j)

            	
              Other
                Events:
                If the Issuer determines that a downward adjustment should be made
                to the
                Conversion Price as a result of one (1) or more events or circumstances
                not referred to in this Clause 7.1,
                the Issuer shall, at its own expense, consult an independent investment
                bank of international repute (acting as expert), selected by the
                Issuer
                and approved in writing by the Trustee (such approval not to be
                unreasonably withheld or delayed), to determine as soon as practicable
                what adjustment (if any) to the Conversion Price is fair and reasonable
                to
                take account thereof, if the adjustment would result in a reduction
                in the
                Conversion Price, and the date on which such adjustment should take
                effect
                and upon such determination by the independent investment bank such
                adjustment (if any) shall be made and shall take effect in accordance
                with
                such determination, provided that where the events or circumstances
                giving
                rise to any adjustment pursuant to this Clause 7.1
                have already resulted or will result in an adjustment to the Conversion
                Price or where the events or circumstances giving rise to any adjustment
                arise by virtue of events or circumstances which have already given
                rise
                or will give rise to an adjustment to the Conversion Price, such
                modification (if any) shall be made to the operation of the provisions
                of
                this Clause 7.1
                as
                may be advised by the independent investment bank to be in their
                opinion
                appropriate to give the intended result. Neither the Agents nor the
                Trustee should have the responsibility for determining the Conversion
                Price or the adjustment to the Conversion
                Price.

            

      	 	 	 

    

    
      	
              7.2

            	
              (a)

            	
              No
                adjustment will be made to the Conversion Price when Shares or other
                securities (including rights or options) are issued, offered or granted
                (i) to employees (including directors) of the Issuer or any of its
                Subsidiaries (including Shares issuable pursuant to that employment
                agreement between the Issuer and John Anderson, dated March 12, 2008,
                and
                that employment agreement between the Issuer and Xinyue Jasmine Geffner,
                CFA, dated March 12, 2008); provided, that, in aggregate the Shares,
                securities, options or rights so issued, offered or granted during
                any
                twelve (12) months do not amount to, relate to, or entitle such persons
                to
                receive, Shares in excess of five percent (5%) of the average number
                of
                issued and outstanding Shares during any such (12) months; or (ii)
                as a
                result of the issuance (a) of convertible bonds or warrants issued
                in
                April 2007 to ABN AMRO to purchase Shares or any conversion or exercise
                of
                such bonds or warrants, (b) on
                the date hereof of the Warrants issued to ABN AMRO and CITIC Allco
                or any
                exercise of such Warrants,
                (c)
                of warrants issued or issuable to Investor Relations International
                pursuant to that Investor Relations Agreement dated September 15,
                2007, or
                (d) of Shares issuable upon exercise of outstanding warrants issued
                to
                WestPark Capital, Inc. in October 2007. 

            

    

    

    
      	 	
              (b)

            	
              On
                any adjustment, the relevant Conversion Price, if not an integral
                multiple
                of one (1) United States cent, shall be rounded down to the nearest
                United
                State cent. No adjustment shall be made to the Conversion Price where
                such
                adjustment (rounded down if applicable) would be less than one percent
                (1%) of the Conversion Price then in effect. Any adjustment not required
                to be made, and any amount by which the Conversion Price has not
                been
                rounded down, shall be carried forward and taken into account in
                any
                subsequent adjustment. Notice of any adjustment shall be given to
                Bondholders in accordance with Condition 19 as soon as practicable
                after
                the determination thereof.

            

    

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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          17
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              (c)

            	
              Notwithstanding
                anything herein, the Conversion Price shall only be adjusted pursuant
                to
                Clauses 7.1(f), 7.1(g), 7.1(h), 7.1(i) and 7.1(j) to an amount not
                less
                than US$0.25 per Share (as adjusted for stock splits, stock dividends,
                spin-offs, rights offerings, recapitalizations and similar
                events).

            

    

    

    
      	 	
              (d)

            	
              Where
                more than one (1) event which gives or may give rise to an adjustment
                to
                the Conversion Price occurs within such a short period of time that
                in the
                opinion of an independent investment bank of international repute
                (acting
                as expert), selected by the Issuer and approved in writing by the
                Trustee
                (such approval not to be unreasonably withheld or delayed), the foregoing
                provisions would need to be operated subject to some modification
                in order
                to give the intended result, such modification shall be made to the
                operation of the foregoing provisions as may be advised by such
                independent investment bank to be in their opinion appropriate in
                order to
                give such intended result. No adjustment involving an increase in
                the
                Conversion Price will be made, except in the case of a consolidation
                of
                the Shares as referred to in Clause 7.1(a) above.
                

            

    

    

    
      	 	
              (e)

            	
              The
                Trustee shall not be under any duty to (i) monitor whether any event
                or
                circumstance has happened or exists which may require an adjustment
                to be
                made to the Conversion Price or (ii) itself calculate any adjustment
                to
                the Conversion Price and will not be responsible to Bondholders for
                any
                loss arising from any failure by it to do so. Any adjustments to
                the
                Conversion Price shall be calculated or caused to be calculated by
                the
                Issuer and the Issuer will promptly send to the Trustee a certificate
                setting out the Conversion Price prior to adjustment and the particulars
                relating to adjustment of the Conversion Price. The Trustee shall
                be
                entitled to rely on such certificate and will have no duty to confirm
                or
                investigate the accuracy thereof.

            

    

    

    
      	 	
              (f)

            	
              If
                any doubt arises as to an adjustment of the Conversion Price pursuant
                to
                Clause 7.1,
                the Trustee may, at the cost and expense of the Issuer, consult with
                any
                reputable investment bank in the United States and may act on the
                opinion
                or advice of or any certificate or information obtained from any
                such
                investment bank, and such determination, opinion, advice, certification
                or
                action (or absence thereof) shall be conclusive and binding upon
                the
                Issuer and the Bondholders.

            

    

     

    
      	
              8.

            	
              Application
                of Moneys Received by the
                Trustee

            

      	 	 

    

    
      	
              8.1

            	
              Declaration
                of Trust

            

    

    

    All
      moneys received by the Trustee in respect of the Bonds or amounts payable under
      this Trust Deed will, despite any appropriation of all or part of them by the
      Issuer, be held by the Trustee upon trust to apply them (subject to Clause
      8.2):

    

    
      	 	
              (a)

            	
              firstly,
                in payment of all costs, charges, expenses and liabilities properly
                incurred by the Trustee (including remuneration payable to the Trustee)
                in
                carrying out its functions under this Trust Deed;
                

            

    

    

    
      	 	
              (b)

            	
              secondly,
                in payment of all costs, charges, expenses and liabilities properly
                incurred by the Agents, except the Registrar, (including remuneration
                payable to the Agents) in carrying out its functions under the Agency
                Agreement;

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          18
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              (c)

            	
              thirdly,
                in payment of all costs, charges, expenses and liabilities properly
                incurred by the Registrar, (including remuneration payable to the
                Registrar) in carrying out its functions under the Agency
                Agreement;

            

    

    

    
      	 	
              (d)

            	
              fourthly,
                in payment of any amounts of principal, interest, and premium (if
                any)
                owing in respect of the Bonds pari
                passu
                and rateably; 

            

    

    

    
      	 	
              (e)

            	
              fifthly,
                in payment of any other amounts owing in respect of the Bonds;
                and

            

    

    

    
      	 	
              (f)

            	
              sixthly,
                in payment of any balance (if any) to the Issuer for
                itself.

            

    

    

    If
      the
      Trustee holds any moneys which represent principal, interest, default interest
      and premium (if any) in respect of Bonds in respect of which claims have become
      prescribed under Condition 14, the Trustee will hold them on trust and apply
      them as set out in this Clause 8.1.

     

    
      	
              8.2

            	
              Accumulation

            

    

    

    If
      the
      amount of the moneys at any time available for payment in respect of the Bonds
      under Clause 8.1
      is less
      than ten percent (10%) of the principal amount of the Bonds then outstanding,
      the Trustee may, at its sole discretion, invest such moneys. The Trustee may
      retain such investments and accumulate the resulting income until the
      investments and the accumulations, together with any other funds for the time
      being under its control and available for such payment, amount to at least
      ten
      percent (10%) of the principal amount of the Bonds then outstanding and then
      such investments, accumulations and funds (after deduction of, or provision
      for,
      any applicable taxes) will be applied as specified in Clause 8.1.

    

    
      	
              8.3

            	
              Investment

            

    

    

    Moneys
      held by the Trustee may be invested in its name or under its control in any
      investments or other assets anywhere whether or not they produce income or
      deposited in its name or under its control at such bank or other financial
      institution in such currency as the Trustee may, in its absolute discretion,
      think fit, acting in accordance with the Trustees Act. If they are deposited
      at
      a bank or institution that is the Trustee or a subsidiary, holding or associated
      company of the Trustee, it needs only account for an amount of interest
      calculated at the rate per annum equal to the best rate payable by it on a
      deposit of like amount to an independent customer. The Trustee may at any time
      vary or transpose any such investments or assets or convert any moneys so
      deposited into any other currency, and will not be responsible for any resulting
      loss, whether by depreciation in value, change in exchange rates or
      otherwise.

     

    
      	
              9.

            	
              General
                Covenants

            

    

    

    So
      long
      as any Bond is outstanding, the Issuer will:

    

    
      	
              9.1

            	
              Books
                of Account

            

    

    

    Keep,
      and
      procure that its Subsidiaries keep, proper books of account and, at any time,
      so
      far as permitted by applicable law and to the extent it does not result in
      any
      additional disclosure obligations under the listing rules of the AMEX or if
      applicable, the Alternative Stock Exchange, allow, and procure that each of
      its
      Subsidiaries will allow, the Trustee and anyone appointed by it, by prior
      appointment access to the books of account of the Issuer and/or the relevant
      Subsidiary respectively at all reasonable times during normal business
      hours;

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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              9.2

            	
              Notice
                of Events of Default

            

    

    

    Notify
      the Trustee in writing immediately on becoming aware of the occurrence of any
      Event of Default;

    

    
      	
              9.3

            	
              Information

            

    

    

    So
      far as
      permitted by applicable law, give the Trustee such certificates, information
      and
      evidence as it requires for the purpose of the discharge of the duties, powers,
      trusts, authorities and discretions vested in it by this Trust Deed or by
      operation of law;

     

    
      	
              9.4

            	
              Financial
                Statements etc.

            

    

    

    Send
      to
      the Trustee, as promptly as practicable (and, in the case of each annual Fiscal
      Period, in any event within six (6) months after the close of each Fiscal
      Period), three (3) copies or translations, in each case in English, of the
      following:

    

    
      	 	
              (a)

            	
              in
                the case of the first semi-annual Fiscal Period falling within each
                of the
                annual Fiscal Periods, the semi-annual interim report containing
                unaudited
                consolidated Accounts of the Issuer in respect of such Fiscal Period
                which
                Accounts are prepared on a basis substantially consistent with the
                most
                recent audited Accounts, or which indicate the way in which their
                basis of
                preparation is different; and

            

    

    

    
      	 	
              (b)

            	
              in
                the case of each annual Fiscal Period, the annual report containing
                audited Accounts of the Issuer as at the end of, and for, such Fiscal
                Period, reported on by the Auditors and prepared in accordance with
                generally accepted accounting principles in the United States of
                America;

            

    

    

    provided
      that if and to the extent that the Accounts are not prepared or adjusted on
      a
      basis consistent with that used for the preceding corresponding Fiscal Period,
      that fact shall be stated;

    

    
      	
              9.5

            	
              Information
                Material to Bondholders

            

    

    

    Send
      to
      the Trustee three (3) copies or translations, in each case in English, of all
      notices, statements and documents which are issued to the holders of its shares
      or its creditors generally as soon as practicable (but not later than thirty
      (30) days) after their date of issue and make available to the Agents (without
      cost to the Agents) as many further copies or translations as they may request
      in order to satisfy requests from Bondholders for them;

    

    
      	
              9.6

            	
              Other
                Information

            

    

    

    Send
      to
      the Trustee together with the Accounts referred to in Clause 9.4
      a list
      in English of all documents issued, during or in respect of the relevant annual
      Fiscal Period, by Issuer to its Shareholders, which list shall indicate the
      principal subject of each of such documents, and (if the Trustee so requires
      at
      any time) provide a certified copy or translation, in each case in English,
      of
      any document described in such list within thirty (30) days after being
      requested so to do;

     

    
      	
              9.7

            	
              Certificate
                of Directors

            

    

    

    Send
      to
      the Trustee, at the same time that its annual audited Accounts are being
      provided pursuant to Clause 9.4
      above,
      and also within fourteen (14) days after any written request by the Trustee,
      a
      certificate of the Issuer signed by two (2) directors of the Issuer to the
      effect that, having made all reasonable enquiries, to the best of the knowledge,
      information and belief of the Issuer as at a date (the “Certification
      Date”)
      being
      not more than five (5) days before the date of the certificate 

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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              (a)

            	
              no
                Event of Default had occurred since the date of this Trust Deed or
                the
                Certification Date of the last such certificate (if any) or, if such
                an
                event had occurred, giving details of it;
                and

            

    

    

    
      	 	
              (b)

            	
              the
                Issuer has complied with all its obligations under this Trust
                Deed.

            

    

    

    The
      Trustee shall be entitled to rely upon certificates of the Issuer;

    

    
      	
              9.8

            	
              Notices
                to Bondholders

            

    

    

    Send
      to
      the Trustee at least seven (7) days (or such shorter period as may be agreed
      by
      the Trustee) prior to the date of publication, a copy of the form of each notice
      to be given to Bondholders and once given, two (2) copies of each such notice,
      such notice to be in a form approved by the Trustee (such approval shall not
      be
      unreasonably withheld or delayed) and (if applicable) complying with the
      requirements of the AMEX or an Alternative Stock Exchange except for any
      announcement, notice or circular to be made by the Issuer pursuant to the
      requirements of the listing rules or at the request of the AMEX or an
      Alternative Stock Exchange, of which three (3) copies of each such announcement,
      notice or circular, shall be sent by the Issuer to the Trustee as promptly
      as
      practicable after its date of issue;

    

    
      	
              9.9

            	
              Further
                Acts

            

    

    

    So
      far as
      permitted by applicable law, do such further things as may be necessary in
      the
      opinion of the Trustee to give effect to this Trust Deed;

     

    
      	
              9.10

            	
              Notice
                of late payment

            

    

    

    Forthwith
      upon request by the Trustee give notice to the Bondholders of any unconditional
      payment to the Principal Agent or the Trustee of any sum due in respect of
      the
      Bonds made after the due date for such payment;

     

    
      	
              9.11

            	
              Change
                in Agents

            

    

    

    Give
      at
      least fourteen (14) days’ prior notice to the Bondholders of any future
      appointment, resignation or removal of any Agent or of the Registrar or of
      any
      change by any Agent or by the Registrar of its specified office and not make
      any
      such appointment or removal without the Trustee’s prior written
      approval;

     

    
      	
              9.12

            	
              Early
                Redemption

            

    

    

    Give
      prior notice to the Trustee of any proposed early redemption pursuant to
      Condition 9(B), 9(C), 9(D), 9(E) or 9(F);

    

    
      	
              9.13

            	
              Change
                of Control or Non-Listing

            

    

    

    Give
      notice (which shall be in writing) to the Trustee and the Bondholders in
      accordance with Condition 19 by not later than the fourteenth day following
      the
      first day on which it becomes aware of the occurrence of a Relevant Event (as
      defined in Condition 9(D)) or a Change of Control (as defined in Condition
      9(E));

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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              9.14

            	
              Compliance

            

    

    

    Comply
      with, perform and observe all the provisions of the Agency Agreement, this
      Trust
      Deed and the Conditions; and

     

    
      	
              9.15

            	
              Bonds
                held by the Issuer etc.

            

    

    

    Send
      to
      the Trustee as soon as practicable after being so requested by the Trustee
      a
      certificate of the Issuer signed by its director stating the number of Bonds
      held as at the date of such certificate by or on behalf of the Issuer or its
      Subsidiaries.

     

    
      	
              10.

            	
              Remuneration
                and Indemnification of
                Trustee

            

    

    

    
      	
              10.1

            	
              Payment
                of Remuneration

            

    

    

    The
      Issuer shall pay to the Trustee remuneration for its services as trustee as
      from
      the date of this Trust Deed, such remuneration to be at such rate to be agreed
      between the Issuer and the Trustee and on such date and on such terms as shall
      be separately agreed between the Issuer and the Trustee.

     

    
      	
              10.2

            	
              Additional
                Remuneration

            

    

    

    In
      the
      event of the occurrence of an Event of Default the Trustee considering it
      expedient or necessary or being requested by the Issuer to undertake duties
      which the Trustee and the Issuer agree to be of an exceptional nature or
      otherwise outside the scope of the normal duties of the Trustee under this
      Trust
      Deed or should the Trustee perform any additional or any ancillary functions
      outside of those previously agreed with the Issuer, the Issuer shall pay to
      the
      Trustee such additional remuneration as shall be agreed between them. It is
      acknowledged and agreed that the Trustee shall not be obliged to undertake
      any
      additional duties unless the Trustee is satisfied (at its absolute discretion)
      that all its additional remuneration will be paid.

    

    
      	
              10.3

            	
              Tax

            

    

    

    The
      Issuer shall in addition pay to the Trustee an amount equal to the amount of
      any
      value-added tax or similar tax chargeable in any jurisdiction in respect of
      its
      remuneration under this Trust Deed. 

     

    
      	
              10.4

            	
              Disputes

            

    

    

    In
      the
      event of the Trustee and the Issuer failing to agree (in a case to which Clause
      10.2
      above
      applies) upon whether such duties shall be of an exceptional nature or otherwise
      outside the scope of the normal duties of the Trustee under this Trust Deed,
      or
      upon such additional remuneration, such matters shall be determined by a
      merchant bank (acting as an expert and not as an arbitrator) selected by the
      Trustee and approved by the Issuer or, failing such approval, nominated (on
      the
      application of the Trustee) by the President for the time being of The Law
      Society of England and Wales (the expenses involved in such nomination and
      the
      fees of such merchant bank being payable by the Issuer) and the determination
      of
      any such merchant bank shall be final and binding upon the Trustee, the
      Bondholders and the Issuer. 

     

    
      	
              10.5

            	
              Payment
                of Liabilities

            

    

    

    The
      Issuer shall also pay or discharge all Liabilities properly incurred by the
      Trustee in relation to the preparation and execution of, the exercise of its
      powers, authorities and discretions and the performance of its duties under,
      and
      in any other manner in relation to, this Trust Deed, including but not limited
      to all expenses and any stamp, issue, registration, documentary and other taxes
      or duties paid or payable by the Trustee in connection with any action taken
      or
      contemplated by or on behalf of the Trustee for enforcing, or resolving any
      doubt concerning, or for any other purpose in relation to, this Trust Deed.
      

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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              10.6

            	
              Interest

            

    

    

    All
      amounts payable pursuant to Clause 10.5
      above
      and/or Clause 10.9
      shall be
      payable (subject to and in accordance by the Issuer on the date specified in
      a
      demand) by the Trustee and in the case of payments actually made by the Trustee
      prior to such demand shall (if not paid within ten (10) days after such demand
      and the Trustee so requires) carry interest at a rate of two percent (2%) per
      annum above the cost of funds from the date that payment is made by the Trustee
      until the date the Issuer reimburses the Trustee and in all other cases shall
      (if not paid on the date specified in such demand and the Trustees so requires)
      carry interest at such rate from the date specified in such demand until payment
      by the Issuer to the Trustee. All remuneration payable to the Trustee shall
      carry interest at such rate from the due date therefor.

    

    
      	
              10.7

            	
              No
                Set-off or Withholding

            

    

    

    The
      Issuer hereby further undertakes to the Trustee that all monies payable by
      the
      Issuer to the Trustee under this Clause 10
      shall be
      made without set-off, counterclaim, deduction or withholding unless compelled
      by
      law in which event the Issuer will pay such additional amounts as will result
      in
      the receipt by the Trustee of the amounts which would otherwise have been
      payable by the Issuer to the Trustee under this Clause in the absence of any
      such set-off, counterclaim, deduction or withholding.

    

    
      	
              10.8

            	
              Survival
                of Clauses

            

    

    

    Unless
      otherwise specifically stated in any discharge of this Trust Deed, the
      provisions of this Clause 10
      shall
      continue in full force and effect notwithstanding such discharge.

     

    
      	
              10.9

            	
              Indemnity

            

    

    

    Without
      prejudice to the right of indemnity by law given to trustees, the Issuer shall
      indemnify the Trustee and its directors, officers and employees and every
      Appointee (as defined in Clause 11(y))
      and
      keep it or him indemnified against all Liabilities to which it or he may be
      or
      become subject or which may be paid or incurred by it or him or which may be
      claimed against it or him as a result of or in connection with the Trustee
      acting as trustee under this Trust Deed (including, without limitation, in
      the
      execution or purported execution of any of its trusts, powers, authorities
      and
      discretions under this Trust Deed and Agency Agreement) or its or his functions
      under any such appointment or in respect of any other matter or thing done
      or
      omitted in any way relating to this Trust Deed or any such appointment
      (including all liabilities incurred in disputing or defending any of the
      foregoing), except those resulting from its or his gross negligence, wilful
      default or fraud.

    

    
      	
              10.10

            	
              Force
                Majeure

            

    

    

    Notwithstanding
      anything to the contrary in this Trust Deed or in any other transaction
      document, the Trustee shall not in any event be liable for any failure or delay
      in the performance of its obligations hereunder if it is prevented from so
      performing its obligations by any existing or future law or regulation, any
      existing or future act of governmental authority, Act of God, flood, war whether
      declared or undeclared, terrorism, riot, rebellion, civil commotion, strike,
      lockout, other industrial action, general failure of electricity or other
      supply, aircraft collision, technical failure, accidental or mechanical or
      electrical breakdown, computer failure or failure of any money transmission
      system or any reason which is beyond the control of the Trustee.

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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              11.

            	
              Provisions
                supplemental to the Trustee
                Acts

            

    

    

    Section
      1
      of the Trustee Act 2000 shall not apply to the duties of the Trustee in relation
      to the trusts constituted by these presents. Where there are any inconsistencies
      between the Trustee Acts and the provisions of these presents, the provisions
      of
      these presents shall, to the extent allowed by law, prevail and, in the case
      of
      any such inconsistency with the Trustee Act 2000, the provisions of these
      presents shall constitute a restriction or exclusion for the purposes of that
      Act. The Trustee shall have all the powers conferred upon trustees by the
      Trustee Acts and by way of supplement thereto it is expressly declared as
      follows:

    

    
      	 	
              (a)

            	
              Advice:
                The Trustee, whenever it considers it reasonably necessary and expedient
                in the interest of the Bondholders, shall engage and consult, at
                the
                expense of the Issuer, with any legal or professional adviser and
                notice
                of appointment of any legal or professional adviser shall be given
                to the
                Issuer as soon as practicable. The Trustee may act on the opinion
                or
                advice of, or information obtained from, any lawyer, valuer, accountant
                (including the Auditors), banker or other expert whether obtained
                by or
                addressed to the Issuer, the Trustee, the Principal Agent or otherwise,
                and notwithstanding any monetary or other limit on liability contained
                therein, will not be responsible to anyone for any Liability occasioned
                by
                so acting. Any such opinion, advice or information may be sent or
                obtained
                by letter, telex, fax or electronic mail and the Trustee will not
                be
                liable to anyone for acting in good faith on any opinion, advice
                or
                information purporting to be conveyed by such means, notwithstanding
                any
                limitation on liability (monetary or otherwise) in relation to such
                person’s opinion or advice and even if it contains some error or is not
                authentic.

            

    

    

    
      	 	
              (b)

            	
              Trustee
                to Assume Performance: The Trustee need not notify anyone of the
                execution
                of this Trust Deed or do anything to find out if an Event of Default
                has
                occurred. Until it has actual knowledge or express notice to the
                contrary,
                the Trustee may assume that no such event has occurred and that each
                of
                the Issuer and the Principal Agent is performing all its obligations
                under
                this Trust Deed and the Bonds.

            

    

    

    
      	 	
              (c)

            	
              Resolutions
                of Bondholders: The Trustee will not be responsible for having acted
                in
                good faith on a resolution in writing or any resolution purporting
                to have
                been passed at a meeting of Bondholders in respect of which minutes
                have
                been made and signed even if it is later found that there was a defect
                in
                the constitution of the meeting or the passing of the resolution
                or that
                the resolution was not valid or binding on the
                Bondholders.

            

    

    

    
      	 	
              (d)

            	
              Illegality/Expenditure
                of Trustee Funds: No provision of these presents shall require the
                Trustee
                to do anything which may: (i) be illegal or contrary to applicable
                law or
                regulation; (ii) cause it to expend or risk its own funds or otherwise
                incur any financial liability in the performance of any of its duties
                or
                in the exercise of any of its own rights, powers, authorities or
                discretions, if it shall have grounds for believing that repayment
                of such
                funds or satisfactory indemnity against, or security for, such risk
                or the
                liability is not assured to it.

            

    

    

    
      	 	
              (e)

            	
              Certificate
                signed by Directors: If the Trustee, in the exercise of its functions,
                requires to be satisfied or to have information as to any fact or
                the
                expediency of any act, it may call for and accept as sufficient evidence
                of that fact or the expediency of that act a certificate signed by
                a
                director of the Issuer as to that fact or to the effect that, in
                their
                opinion, that act is expedient and the Trustee need not call for
                further
                evidence and will not be responsible for any loss occasioned by acting
                on
                such a certificate.

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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              (f)

            	
              Deposit
                of Documents: The Trustee may appoint as custodian, on any terms,
                any bank
                or entity whose business includes the safe custody of documents or
                any
                lawyer or firm of lawyers believed by it to be of good repute and
                may
                deposit this Trust Deed and any other documents with such custodian
                and
                pay all sums due in respect thereof. The Trustee shall not be responsible
                for or required to insure against any Liability incurred in connection
                with such deposit and may pay all sums required to be paid on account
                of,
                or in respect of, any such deposit.

            

    

    

    
      	 	
              (g)

            	
              Discretion:
                The Trustee will have absolute and uncontrolled discretion as to
                the
                exercise of its functions (the exercise of which, as between the
                Bondholders and the Trustee shall be conclusive and binding on the
                Bondholders) and will not be responsible for any Liability which
                may
                result from their exercise or non-exercise. Whenever in this Trust
                Deed,
                the Agency Agreement or by law, the Trustee shall have discretion
                or
                permissive power it may decline to exercise the same in the absence
                of
                approval by the Bondholders and need not exercise the same unless
                it has
                been indemnified and/or provided with security to its
                satisfaction.

            

    

    

    
      	 	
              (h)

            	
              Agents:
                Whenever it considers it reasonably necessary and expedient in the
                interests of the Bondholders, the Trustee may, in the conduct of
                its trust
                business, instead of acting personally, employ and pay an agent selected
                by it, whether or not a lawyer or other professional person, to transact
                or conduct, or concur in transacting or conducting, any business
                and to do
                or concur in doing all acts required to be done by the Trustee (including
                the receipt and payment of money). Provided that the Trustee shall
                have
                exercised reasonable care in the selection of such agent, the Trustee
                shall not be responsible to the Bondholders for any misconduct on
                the part
                of any such person appointed by it hereunder or be bound to supervise
                the
                proceedings or acts of any such person.

            

    

    

    
      	 	
              (i)

            	
              Delegation:
                Whenever it considers it reasonably necessary and expedient in the
                interests of the Bondholders, the Trustee may delegate by power of
                attorney or otherwise to any person or persons or fluctuating body
                of
                persons on any terms (including power to sub-delegate) all or any
                of its
                trusts, powers, authorities, discretions or functions under this
                Trust
                Deed. Provided that the Trustee shall have exercised reasonable care
                in
                the selection of such delegate, the Trustee shall not be under any
                obligation to the Bondholders to supervise the proceedings or be
                in any
                way responsible for any loss incurred by reason of any misconduct
                or
                default on the part of any such delegate or
                sub-delegate.

            

    

    

    
      	 	
              (j)

            	
              Nominees:
                In relation to any asset held by it under this Trust Deed, the Trustee
                may
                appoint any person to act as its nominee on any
                terms.

            

    

    

    
      	 	
              (k)

            	
              Confidentiality:
                Unless required by law or ordered to do so by a court of competent
                jurisdiction, the Trustee shall not be required to disclose to any
                Bondholder any confidential financial or other information made available
                to the Trustee by the Issuer and no Bondholder shall be entitled
                to take
                any action to obtain from the Trustee any such
                information.

            

    

    

    
      	 	
              (l)

            	
              Determinations
                Conclusive: As between itself and the Bondholders, the Trustee may
                determine all questions and doubts arising in relation to any of
                the
                provisions of this Trust Deed or any of the Bonds. Such determinations,
                whether made upon such a question actually raised or implied in the
                acts
                or proceedings of the Trustee, will be conclusive and shall bind
                the
                Trustee and the Bondholders.

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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              (m)

            	
              Currency
                Conversion: Where it is necessary or desirable to translate or convert
                any
                sum from one (1) currency to another, it will (unless otherwise provided
                hereby or required by law) be converted or translated at such rate
                or
                rates, in accordance with such method and as at such date as may
                be
                specified by the Trustee but having regard to current rates of exchange,
                if available. Any rate, method and date so specified will be binding
                on
                the Issuer and the Bondholders.

            

    

    

    
      	 	
              (n)

            	
              Payment
                for and Delivery of Bonds: The Trustee will not be responsible for
                the
                receipt or application by the Issuer of the proceeds of the issue
                of the
                Bonds, any exchange of Bonds or the delivery of Bonds to the persons
                entitled to them.

            

    

    

    
      	 	
              (o)

            	
              Conversion
                Price: The Trustee shall have no duty or responsibility to determine
                whether facts exist which may require an adjustment of the Conversion
                Price or to determine the nature or extent of any such adjustment
                when
                made or the method used or to be used in making
                it.

            

    

    

    
      	 	
              (p)

            	
              The
                Shares: The Trustee shall have no duty or responsibility at any time
                in
                respect of the validity or value (or the kind or amount) of the Shares
                or
                any
                other property which may at any time be issued or delivered on the
                conversion of any Bonds or the sale or other disposal of any Shares.
                The
                Trustee shall not be responsible for any failure of the Issuer to
                make
                available or deliver any Shares, share certificates or any other
                securities or property or make any payment on the exercise of any
                Conversion Right.

            

    

    

    
      	 	
              (q)

            	
              Responsibility:
                The Trustee assumes no responsibility for the correctness of Recital
                (A)
                to this Trust Deed (which shall be taken as a statement by the Issuer)
                or
                other statements, warranties or representations of the Issuer, nor
                shall
                the Trustee by the execution of this Trust Deed be deemed to make
                any
                representation as to the validity, sufficiency, enforceability or
                admissibility in evidence of the Bonds, this Trust Deed or the Agency
                Agreement.

            

    

    

    
      	 	
              (r)

            	
              Enforcement:
                The Trustee shall not be under any obligation to take proceedings
                against
                the Issuer to enforce payment of the Bonds after the Bonds have become
                due
                and payable nor to declare the Bonds due and payable unless it shall
                have
                been so requested in writing by holders of not less than twenty-five
                percent (25%) in principal amount of the Bonds then outstanding (which
                request has not been revoked) or shall have been so directed by an
                Extraordinary Resolution and it shall have been indemnified and/or
                secured
                to its satisfaction.

            

    

    

    
      	 	
              (s)

            	
              Satisfaction
                of Trustee in Condition 9(C): For the purposes of Condition 9(C),
                the
                Trustee shall be satisfied by the Issuer that the Issuer will be
                obliged
                to pay additional amounts as provided in that Condition by the delivery
                to
                it of (a) a certificate signed by two (2) directors of the Issuer
                and (b)
                an opinion of independent legal or tax advisors of recognised standing
                to
                the effect that the amendment or change giving rise to the payment
                of
                additional amounts have occurred.

            

    

    

    
      	 	
              (t)

            	
              Consolidation,
                amalgamation etc: The Trustee shall not be responsible for any
                consolidation, amalgamation, merger, reconstruction or scheme of
                the
                Issuer or any sale or transfer of all or substantially all of the
                assets
                of the Issuer or the form or substance of any plan relating thereto
                or the
                consequences thereof to any
                Bondholder.

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          26
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (u)

            	
              Forged
                Bonds and Documents: The Trustee shall not be liable to the Issuer
                or any
                Bondholder if without gross negligence, wilful default or fraud on
                its
                part it has accepted as valid or has not rejected any Bonds purporting
                to
                be such and subsequently found to be forged or not authentic nor
                shall it
                be liable for any action taken or omitted to be taken in reliance
                on any
                document, certificate or communication believed by it to be genuine
                and to
                have been presented or signed by the proper
                parties.

            

    

    

    
      	 	
              (v)

            	
              Consent:
                Any consent or approval to be given by the Trustee for the purposes
                of
                this Trust Deed may be given on such terms and subject to such conditions
                (if any) as the Trustee thinks fit and notwithstanding any contrary
                provision in this Trust Deed may be given retrospectively. The Issuer
                shall observe and perform any such terms and conditions and the Trustee
                may at any time waive or agree to a variation of such terms and
                conditions.

            

    

    

    
      	 	
              (w)

            	
              Acceleration:
                The Trustee shall not be obliged to declare the Bonds immediately
                due and
                payable under Condition 12 unless it has been indemnified and/or
                secured
                to its satisfaction in respect of all costs, claims and liabilities
                which
                it has incurred to that date and to which it may thereby and as a
                consequence thereof in its opinion render itself, or have rendered
                itself,
                liable.

            

    

    

    
      	 	
              (x)

            	
              Bonds
                held by the Issuer etc.: In the absence of actual knowledge or
                express notice to the contrary, the Trustee may assume without enquiry
                (other than requesting a certificate under Clause 9.15)
                that no Bonds are for the time being held by or on behalf of the
                Issuer or
                its Subsidiaries.

            

      	 	 	 

    

    
      	 	
              (y)

            	
              Responsibility
                for Agents etc.: If the Trustee exercises reasonable care in selecting
                any
                custodian, agent, delegate or nominee appointed under this clause
                (an
                “Appointee”)
                (in each case, after written notice have been given to the Issuer
                to the
                extent reasonably practicable), it will not have any obligation to
                supervise the Appointee or be responsible for any loss, liability,
                cost,
                claim, action, demand or expense incurred by reason of the Appointee’s
                misconduct or default or the misconduct or default of any substitute
                appointed by the Appointee. 

            

    

    

    
      	 	
              (z)

            	
              Reliance
                on Certificates: The Trustee may rely without liability to Bondholders
                on
                any certificate prepared by the directors of the Issuer and accompanied
                by
                a certificate or report prepared by an internationally recognised
                firm of
                accountants (including the Auditors) pursuant to the Conditions and/or
                this Trust Deed, whether or not addressed to the Trustee and whether
                or
                not the internationally recognised firm of accountants’ liability in
                respect thereof is limited by a monetary cap or otherwise limited
                or
                excluded and shall be obliged to do so where the certificate or report
                is
                delivered pursuant to the obligation of the Issuer to procure such
                delivery under the Conditions; any such certificate or report shall
                be
                conclusive and binding on the Issuer, the Trustee and the
                Bondholders.

            

    

    

    
      	 	
              (aa)

            	
              Compliance:
                The Conditions shall be binding on the Issuer and the Bondholders.
                The
                Trustee shall be entitled to enforce the obligations of the Issuer
                under
                the Bonds and the Conditions as if the same were set out and contained
                in
                this Trust Deed which shall be read and construed as one (1) document
                with
                the Bonds. The provisions contained in Schedule 3 shall have effect
                in the
                same manner as if herein set forth.

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          27
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (bb)

            	
              Error
                of Judgment: The Trustee shall not be liable for any error of judgment
                made in good faith by any officer or employee of the Trustee assigned
                by
                the Trustee to administer its corporate trust
                matters.

            

    

    

    
      	 	
              (cc)

            	
              Professional
                Charges: Any Trustee being a banker, lawyer, broker or other person
                engaged in any profession or business shall be entitled to charge
                and be
                paid all usual professional and other charges for business transacted
                and
                acts done by him or his partner or firm on matters arising in connection
                with the trusts of this Trust Deed and also his properly incurred
                charges
                in addition to disbursements for all other work and business done
                and all
                time spent by him or his partner or firm on matters arising in connection
                with this Trust Deed, including matters which might or should have
                been
                attended to in person by a trustee not being a banker, lawyer, broker
                or
                other professional person.

            

    

    

    
      	 	
              (dd)

            	
              Consequential
                loss: Notwithstanding any contrary provision of this Trust Deed,
                the
                Trustee shall not in any event be liable for special, indirect, punitive
                or consequential loss or damage of any kind whatsoever (including
                but not
                limited to lost profits), whether or not foreseeable, even if the
                Trustee
                has been advised of the likelihood of such loss or damage and regardless
                of whether the claim for such is made in negligence, breach of contract,
                fraud, breach of fiduciary obligation or
                otherwise.

            

    

    

    
      	 	
              (ee)

            	
              Other
                Obligations: The Trustee shall not be responsible for the validity
                or
                enforceability of any obligations owed to it as Trustee hereof other
                than
                by the Issuer the benefit of which obligations have been taken by
                the
                Trustee in the interests of the
                Bondholders.

            

    

    

    
      	 	
              (ff)

            	
              Reliance:
                Any certificate or report of the Auditors or any other expert or
                other
                person called for by or provided to the Trustee (whether or not addressed
                to the Trustee) in accordance with or for the purposes of these Conditions
                or this Trust Deed may be relied upon by the Trustee as sufficient
                evidence of the facts therein and shall, in absence of manifest error,
                be
                conclusive and binding on all parties and the Trustee shall not be
                responsible for any loss occasioned by acting on any such certificate
                or
                report. The Trustee shall be entitled to rely on any report of
                accountants, financial advisers or investment bank where the Issuer
                procures the delivery of the same pursuant to its obligations to
                do so
                under the Conditions and such report shall be binding on the Issuer
                and
                the holders of the Bonds in the absence of manifest or proven
                error.

            

    

    

    
      	 	
              (gg)

            	
              Certificates
                from clearing systems: The Trustee may call for any certificate or
                other
                document to be issued by Clearstream or Euroclear (or any alternative
                clearing system on behalf of whom the Global Certificate may be held)
                as
                to the principal amount of Bonds evidenced by the Global Certificate
                standing to the account of any person. Any such certificate or other
                document shall, in the absence of manifest error, be conclusive and
                binding for all purposes. The Trustee shall not be liable to any
                person by
                reason of having accepted as valid or not having rejected any certificate
                or other document to such effect purporting to be issued by Clearstream
                or
                Euroclear (or any such alternative clearing system) and subsequently
                found
                to be forged or not authentic or not to be
                correct.

            

    

    

    
      	 	
              (hh)

            	
              Exercise
                of power: In connection with the exercise by it of any of its trusts,
                powers, authorities, duties and discretions under this Trust Deed
                (including, without limitation, any modification, waiver, authorisation
                or
                determination), the Trustee shall have regard to the interests of
                all of
                the Bondholders and shall not have regard to any interests arising
                from
                circumstances particular to individual Bondholders (whatever their
                number)
                (except where expressly provided otherwise), and, in particular but
                without limitation, shall not have regard to the consequences of
                such
                exercise for individual Bondholders resulting from their being for
                any
                purpose domiciled or resident in, or otherwise connected with, or
                subject
                to the jurisdiction of, any particular territory or any political
                sub-division thereof and the Trustee shall not be entitled to require,
                nor
                shall any Bondholder be entitled to claim, from the Issuer (except
                to the
                extent provided for in Condition 11), the Trustee or any other person
                any
                indemnification or payment in respect of any tax consequence of any
                such
                exercise upon individual
                Bondholders.

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          28
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (ii)

            	
              Transaction
                Documents: The Trustee shall not be responsible for the execution,
                delivery, legality, effectiveness, adequacy, genuineness, validity,
                performance, enforceability or admissibility in evidence of this
                Trust
                Deed or any other document relating thereto and shall not be liable
                for
                any failure to obtain any licence, consent or other authority for
                the
                execution, delivery, legality, effectiveness, adequacy, genuineness,
                validity, performance, enforceability or admissibility in evidence
                of this
                Trust Deed or any other document relating
                thereto.

            

    

    

    
      	 	
              (jj)

            	
              Legal
                Opinion: The Trustee shall not be responsible to any person for failing
                to
                request, require or receive any legal opinion relating to the Bonds
                or for
                checking or commenting upon the content of any such legal opinion
                and
                shall not be responsible for any Liability incurred
                thereby.

            

    

    

    
      	 	
              (kk)

            	
              Taking
                Action by Trustee: The Trustee shall not be bound to take any action
                in
                connection with this Trust Deed or any obligations arising pursuant
                thereto, including, without prejudice to the generality of the foregoing,
                forming any opinion or employing any financial adviser, where it
                is not
                reasonably satisfied that the Issuer will be able to indemnify it
                against
                all Liabilities which may be incurred in connection with such action
                and
                may demand prior to taking any such action that there be paid to
                it in
                advance such sums as it reasonably considers (without prejudice to
                any
                further demand) shall be sufficient so to indemnify it and on such
                demand
                being made the Issuer shall be obliged to make payment of all such
                sums in
                full.

            

    

    

    
      	 	
              (ll)

            	
              Claims:
                Subject to Clause 12,
                the Trustee shall not be liable or responsible for any loss, damage,
                cost,
                charge, claim, demand, expense, judgment, action, proceeding or other
                liability whatsoever or inconvenience which may result from anything
                done
                or omitted to be done by it in accordance with the provisions of
                this
                Trust Deed.

            

      	 	 	 

    

    
      	
              12.

            	
              Liability
                of the Trustee

            

    

    

    If
      the
      Trustee fails to show the degree of care and diligence required of it as trustee
      having regard to the provisions hereof, nothing in this Trust Deed shall relieve
      or indemnify it from or against any liability which would otherwise attach
      to it
      in respect of any gross negligence, wilful default or fraud of which it may
      be
      guilty.

     

    
      	
              13.

            	
              Waiver
                and Proof of Default

            

    

    

    
      	
              13.1

            	
              Waiver

            

    

    

    The
      Trustee may, without the consent of the Bondholders and without prejudice to
      its
      rights in respect of any subsequent breach, from time to time and at any time,
      if in its opinion the interests of the Bondholders will not be materially
      prejudiced thereby, waive or authorise, on such terms as seem expedient to
      it,
      any breach or proposed breach by the Issuer of this Trust Deed or the Conditions
      or determine that an Event of Default will not be treated as such provided
      that
      the Trustee will not do so in contravention of an express direction given by
      an
      Extraordinary Resolution or a request made pursuant to Condition 12. No such
      direction or request will affect a previous waiver, authorisation or
      determination. Any such waiver, authorisation or determination will be binding
      on the Bondholders and, if the Trustee so requires, will be notified to the
      Bondholders as soon as practicable.

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          29
          -

        
          

        

      

      
        
        

      

    

     

    
      	
              13.2

            	
              Proof
                of Default

            

    

    

    Proof
      that the Issuer has failed to pay a sum due to the holder of any one (1) Bond
      will (unless the contrary be proved) be sufficient evidence that it has made
      the
      same default as regards all other Bonds which are then payable.

     

    
      	
              14.

            	
              Trustee
                not Precluded from Entering into
                Contracts

            

    

    

    The
      Trustee and any other person, whether or not acting for itself, may acquire,
      hold or dispose of any Bond or other security (or any interest therein) of
      the
      Issuer or any other person, may enter into or be interested in any contract
      or
      transaction with any such person and may act on, or as depositary or agent
      for,
      any committee or body of holders of any securities of any such person in each
      case with the same rights as it would have had if the Trustee were not acting
      as
      Trustee and need not account for any profit.

     

    
      	
              15.

            	
              Modification
                and substitution

            

    

    

    
      	
              15.1

            	
              Modification

            

    

    

    
      	 	
              (a)

            	
              The
                Trustee may (but is not obliged to) agree without the consent of
                the
                Bondholders to any modification to this Trust Deed (which for the
                avoidance of doubt includes the Bonds) and the Agency Agreement,
                which in
                the Trustee’s opinion, is of a formal, minor or technical nature or to
                correct a manifest or (to the satisfaction of the Trustee) proven
                error.
                The Trustee may (but is not obliged to) agree to any modification
                to this
                Trust Deed which is in its opinion proper to make if, in its opinion,
                such
                modification will not be materially prejudicial to the interests
                of the
                Bondholders. Unless the Trustee agrees otherwise, any such modification
                shall be notified to the Bondholders as soon as practicable
                thereafter.

            

    

    

    
      	 	
              (b)

            	
              Any
                amendment or supplement to this Trust Deed shall be made by an instrument
                in writing signed by all the parties to this Trust Deed. A waiver
                or
                consent by the Trustee with respect to action required or forbidden
                by
                this Trust Deed shall be effective only if sent in writing by the
                Trustee
                and only for that occasion.

            

      	 	 	 

    

    
      	
              15.2

            	
              Substitution

            

    

    

    The
      Trustee may (but is not obliged to), without the consent of the Bondholders,
      agree to the substitution of any other company (the “Substituted
      Obligor”)
      in
      place of the Issuer (or of any previous substitute under this sub-Clause) as
      the
      principal debtor under this Trust Deed and the Bonds provided that:

    

    
      	 	
              (a)

            	
              no
                payment in respect of the Bonds is at the relevant time
                overdue;

            

    

    

    
      	 	
              (b)

            	
              a
                deed is executed or undertaking given by the Substituted Obligor
                to the
                Trustee, agreeing to be bound by this Trust Deed and the Bonds (with
                consequential amendments as the Trustee may deem appropriate) as
                if the
                Substituted Obligor had been named in this Trust Deed and the Bonds
                as the
                principal debtor in place of the
                Issuer;

            

    

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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          30
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (c)

            	
              if
                the Substituted Obligor is subject generally to the taxing jurisdiction
                of
                a territory or any authority of or in that territory with power to
                tax
                (the “Substituted
                Territory”)
                other than the territory to the taxing jurisdiction of which (or
                to any
                such authority of or in which) the Issuer is subject generally (the
                “Issuer’s
                Territory”),
                the Substituted Obligor has given (unless the Trustee otherwise agrees)
                to
                the Trustee an undertaking satisfactory to the Trustee in terms
                corresponding to Condition 11 with the substitution for the references
                in
                that Condition to the Issuer’s Territory of references to the Substituted
                Territory whereupon this Trust Deed and the Bonds will be read
                accordingly;

            

    

    

    
      	 	
              (d)

            	
              any
                two (2) directors of the Substituted Obligor certifies that it will
                be
                solvent immediately after such
                substitution;

            

    

    

    
      	 	
              (e)

            	
              (unless
                the Issuer’s successor in business is the Substituted Obligor as the
                principal debtor under this Trust Deed and the Bonds) the obligations
                of
                the Substituted Obligor as the principal debtor under this Trust
                Deed and
                the Bonds are unconditionally and irrevocably guaranteed by the
                Issuer;

            

    

    

    
      	 	
              (f)

            	
              a
                certificate signed by two (2) duly authorised signatories of the
                Issuer
                stating that the circumstances referred to in this Clause prevail
                and
                legal opinions addressed to the Trustee from independent legal advisors
                of
                recognised standing in each jurisdiction referred to in (c) above,
                in form
                and substance satisfactory to the Trustee, as to the fulfilment of
                the
                conditions set out in full in this Clause have been delivered to
                the
                Trustee and the Trustee shall not be liable to anyone for relying
                on such
                certificates and legal opinions;
                and

            

    

    

    
      	 	
              (g)

            	
              the
                Issuer shall have given, unless the Trustee agrees otherwise, at
                least
                fourteen (14) days’ prior notice of such substitution to the Bondholders,
                stating that copies, or pending execution the agreed text, of all
                documents in relation to the substitution which are referred to above,
                or
                which might otherwise reasonably be regarded as material to Bondholders,
                will be available for inspection at the specified office of the Principal
                Agent.

            

    

    

    References
      in Condition 12 to obligations under the Bonds shall be deemed to include
      obligations under the supplemental trust deed, and the events listed in
      Condition 12 shall be deemed to include any guarantee referred to in (e) above
      not being (or being claimed by the Issuer not to be) in full force and effect
      and the provisions in Condition 12(A)(iv), (v), (vi), (vii), (viii) and (ix)
      shall be deemed to apply to the Issuer as guarantor.

    

    
      	
              15.3

            	
              Release
                of substituted Issuer

            

    

    

    An
      agreement by the Trustee pursuant to Clause 15.2
      will, if
      so expressed, release the Issuer (or a previous substitute) from any or all
      of
      its obligations (save for any guarantee obligations) under this Trust Deed
      and
      the Bonds. Notice of the substitution will be given by the Issuer to the Trustee
      (who will give such notice to the Bondholders) within fourteen (14) days of
      the
      execution of such documents and compliance with such requirements.

    

    
      	
              15.4

            	
              Completion
                of Substitution

            

    

    

    On
      completion of the formalities set out in Clause 15.2,
      the
      Substituted Obligor will be deemed to be named in this Trust Deed and the Bonds
      as the principal debtor in place of the Issuer (or of any previous substitute)
      and this Trust Deed and the Bonds will be deemed to be amended as necessary
      to
      give effect to the substitution.

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          31
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              16.

            	
              Appointment,
                Retirement and Removal of the
                Trustee

            

      	 	 

    

    
      	
              16.1

            	
              Appointment

            

    

    

    The
      Issuer has the power of appointing new trustees but no one may be so appointed
      unless previously approved by an Extraordinary Resolution. A trustee will at
      all
      times be a trust corporation and it may be the sole Trustee. Any appointment
      of
      a new Trustee will be notified by the Issuer to the Bondholders as soon as
      practicable.

    

    
      	
              16.2

            	
              Retirement
                and Removal

            

    

    

    Any
      Trustee may retire at any time on giving at least sixty (60) days’ written
      notice to the Issuer without giving any reason and without being responsible
      for
      any costs occasioned by such retirement and the Bondholders may by an
      Extraordinary Resolution remove any Trustee provided that the retirement or
      removal of a sole trust corporation will not become effective until a trust
      corporation is appointed as successor Trustee. If a sole trust corporation
      gives
      notice of retirement or an Extraordinary Resolution is passed for its removal,
      the Issuer, will use all reasonable endeavours to procure that another trust
      corporation be appointed as Trustee as soon as practicable and if, after thirty
      (30) days’ of such notice having been given the Issuer, has failed to do so, the
      Trustee shall be entitled (at the expense of the Issuer) but not obliged to
      appoint another trust corporation selected by the Trustee as its successor.
      The
      protections, indemnities and immunities in this Trust Deed in favour of the
      Trustee shall continue to benefit the Trustee notwithstanding such Trustee’s
      removal or retirement.

    

    
      	
              16.3

            	
              Co-Trustees

            

    

    

    The
      Trustee may, despite Clause 16.1,
      by
      written notice to the Issuer appoint anyone to act as an additional Trustee
      jointly with the Trustee:

    

    
      	 	
              (a)

            	
              if
                the Trustee considers such appointment to be in the interests of
                the
                Bondholders;

            

    

    

    
      	 	
              (b)

            	
              to
                conform with any legal requirement, restriction or condition in a
                jurisdiction in which a particular act is to be performed;
                or

            

    

    

    
      	 	
              (c)

            	
              to
                obtain a judgment or to enforce a judgment or any provision of this
                Trust
                Deed in any jurisdiction.

            

    

    

    Subject
      to the provisions of this Trust Deed, the Trustee may confer on any person
      so
      appointed such functions as it thinks fit. The Trustee shall not be responsible
      for supervision and management of the additional Trustee. The Trustee may by
      written notice to the Issuer and that person remove that person. At the
      Trustee’s request, the Issuer will forthwith do all things as may be required to
      perfect such appointment or removal and it irrevocably appoints the Trustee
      to
      be its attorney in its name and on its behalf to do so.

    

    
      	
              16.4

            	
              Competence
                of a Majority of Trustees

            

    

    

    If
      there
      are more than two (2) Trustees the majority of them will be competent to perform
      the Trustee’s functions provided the majority includes a trust
      corporation.

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          32
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              16.5

            	
              Successor

            

    

    

    Any
      corporation into which the Trustee may be merged or converted or with which
      it
      may be consolidated, or any corporation resulting from any merger, conversion
      or
      consolidation to which the Trustee shall be a party, or any corporation
      succeeding to all or substantially all the corporate trust business of the
      Trustee, shall be the successor to the Trustee hereunder (provided it is a
      trust
      corporation) without the execution or filing of any papers or any further act
      on
      the part of any of the parties hereto.

     

    
      	
              17.

            	
              Communications

            

    

    

    Any
      notice or other communication hereunder shall be in writing. It shall be served
      by letter sent by registered post or courier or by fax:

    

    In
      the
      case of the Issuer, to it at:

    

    China
      Architectural Engineering, Inc.

    105
      Baishi Rd., Jiuzhou West Avenue

    Zhuhai,
      519070

    China

     

    
      	 	Telephone no.	:	+ 86 756 853 8908
	 	Fax no.	:	 86 756 853 8922
	 	Attention	:	Ken Yi Luo

    

    

    In
      the
      case of the Trustee, to it at:

    

    The
      Bank
      of New York, London Branch

    One
      Canada Square

    London,
      E14 5AL, United Kingdom

    
       

      
        	 	Fax no.	:	 +44 20 7964 6369
	 	Attention	:	Global Corporate
                Trust

      

       

    

    With
      a
      copy to:

    

    The
      Bank
      of New York

    Level
      12,
      3 Pacific Place

    1
      Queen’s
      Road East

    Hong
      Kong

    
       

      
        	 	Fax no.	:	 +852 2295 3283
	 	Attention	:	Corporate
                Trust

      

    

    

    Communications
      will take effect, in the case of a letter sent by registered post, on the
      seventh business day in New York receipt after posting; in the case of a letter
      sent by courier, at the time of delivery; in the case of fax, at the time of
      despatch if the correct error-free transmission report is received; provided
      that if such communication would take effect outside business hours then it
      shall be deemed to be received on the next business day in the place of receipt.
      

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          33
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    Any
      notice or communication will also be so mailed to any Person described in TIA
      Section 313(c), to the extent required by the TIA. Failure to mail a notice
      or communication to a Bondholder or any defect in it will not affect its
      sufficiency with respect to other Bondholders.

    

    For
      the
      purposes of this Clause 17,
      “business
      day”
means
      a
      day (other than Saturday, Sunday or public holidays) on which commercial banks
      and foreign exchange markets are open for business in the relevant
      location(s).

     

    
      	
              18.

            	
              Further
                Issues

            

    

    

    
      	
              18.1

            	
              Supplemental
                Trust Deed

            

    

    

    If
      the
      Issuer issues further securities as provided in Condition 18, it shall, before
      their issue, execute and deliver to the Trustee a deed supplemental to this
      Trust Deed containing such provisions (corresponding to any of the provisions
      of
      this Trust Deed) as the Trustee may require.

    

    
      	
              18.2

            	
              Meetings
                of Bondholders

            

    

    

    If
      the
      Trustee so directs, Schedule 3 shall apply equally to Bondholders and to holders
      of any securities issued pursuant to the Conditions as if references in it
      to
“Bonds”
      and
“Bondholders”
      were
      also to such securities and their holders respectively.

     

    
      	
              19.

            	
              Currency
                Indemnity

            

    

    

    
      	
              19.1

            	
              Currency
                of Account and Payment

            

    

    

    United
      States dollars (the “Contractual
      Currency”)
      is the
      sole currency of account and payment for all sums payable by the Issuer under
      or
      in connection with this Trust Deed and the Bonds, including
      damages.

    

    
      	
              19.2

            	
              Extent
                of discharge

            

    

    

    An
      amount
      received or recovered in a currency other than the Contractual Currency (whether
      as a result of, or of the enforcement of, a judgment or order of a court of
      any
      jurisdiction, in the winding-up or dissolution of the Issuer or otherwise),
      by
      the Trustee or any Bondholder in respect of any sum expressed to be due to
      it
      from the Issuer will only discharge the Issuer to the extent of the Contractual
      Currency amount which the recipient is able to purchase with the amount so
      received or recovered in that other currency on the date of that receipt or
      recovery (or, if it is not practicable to make that purchase on that date,
      on
      the first date on which it is practicable to do so).

    

    
      	
              19.3

            	
              Indemnity

            

    

    

    If
      that
      Contractual Currency amount is less than the Contractual Currency amount
      expressed to be due to the recipient under this Trust Deed or the Bonds, the
      Issuer will indemnify it against any loss sustained by it as a result. In any
      event, the Issuer will indemnify the recipient against the cost of making any
      such purchase.

    

    
      	
              19.4

            	
              Indemnity
                separate

            

    

    

    The
      indemnities in this Clause 19
      and in
      Clause 10.9
      constitute separate and independent obligations from the other obligations
      in
      this Trust Deed, will give rise to a separate and independent cause of action,
      will apply irrespective of any indulgence granted by the Trustee and/or any
      Bondholder and will continue in full force and effect despite any judgment,
      order, claim or proof for a liquidated amount in respect of any sum due under
      this Trust Deed and/or the Bonds or any other judgment or order.

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          34
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              20.

            	
              Governing
                Law, Third Party Rights and
                Jurisdiction

            

    

    

    
      	
              20.1

            	
              Governing
                Law

            

    

    

    This
      Trust Deed shall be governed by and construed in accordance with English
      law.

    

    
      	
              20.2

            	
              The
                Issuer irrevocably agrees for the benefit of the Trustee and the
                Bondholders that the courts of England are to have exclusive jurisdiction
                to settle any dispute which may arise out of or in connection with
                these
                presents and accordingly submit to the exclusive jurisdiction of
                the
                English courts. The Issuer waives any objection to the courts of
                England
                on the grounds that they are an inconvenient or inappropriate forum.
                The
                Trustee and the Bondholders may take any suit, action or proceedings
                arising out of or in connection with these presents (together referred
                to
                as “Proceedings”)
                against the Issuer in any other court of competent jurisdiction and
                concurrent Proceedings in any number of
                jurisdictions.

            

    

    

    
      	
              20.3

            	
              The
                Issuer irrevocably and unconditionally appoints The
                London Law Agency
                at
                its registered office for the time being and in the event of its
                ceasing
                so to act will appoint such other person as the Trustee may approve
                and as
                the Issuer may nominate in writing to the Trustee for the purpose
                to
                accept service of process on its behalf in England in respect of
                any
                Proceedings. The Issuer:

            

    

    

    
      	 	
              (a)

            	
              agrees
                to procure that, so long as any of the Bonds remain liable to
                prescription, there shall be in force an appointment of such a person
                approved by the Trustee with an office in London with authority to
                accept
                service as aforesaid;

            

    

    

    
      	 	
              (b)

            	
              agrees
                that failure by any such person to give notice of such service of
                process
                to the Issuer shall not impair the validity of such service or of
                any
                judgment based thereon;

            

    

    

    
      	 	
              (c)

            	
              consents
                to the service of process in respect of any Proceedings by the airmailing
                of copies, postage prepaid, to the Issuer in accordance with Clause
                17;
                and

            

    

    

    
      	 	
              (d)

            	
              agrees
                that nothing in these presents shall affect the right to serve process
                in
                any other manner permitted by law.

            

    

    
    

     

    
      	
              21.

            	
              Third
                Party Rights

            

    

    

    A
      person
      who is not a party to these presents has no rights under the Contracts (Rights
      of Third Parties) Act 1999 to enforce any term of these presents, but this
      does
      not affect any right or remedy of a third party which exists or is available
      apart from that Act.

     

    
      	
              22.

            	
              Counterparts

            

    

    

    This
      Trust Deed (and any supplemental trust deed thereto) may be executed in
      counterparts, each of which shall be deemed to be an original and all of which
      when so executed shall constitute one (1) and the same instrument.

     

    
      	
              23.

            	
              Termination
                of this Trust Deed

            

    

    

    This
      Trust Deed shall terminate forthwith when none of the Bonds remains
      outstanding.

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          35
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              24.

            	
              PROVISIONS
                OF THE TRUST INDENTURE ACT

            

    

    

    
      	
              24.1

            	
              Incorporation
                by Reference of Trust Indenture
                Act

            

    

    

    Whenever
      this Trust Deed refers to a provision of the TIA, the provision is incorporated
      by reference in and made a part of this Trust Deed.

    

    
      	
              24.2

            	
              Eligibility;
                Disqualification

            

    

    

    This
      Trust Deed will always have a Trustee who satisfies the requirements of TIA
      Sections 310(a)(1), (2) and (5). The Trustee is subject to TIA Section
      310(b).

     

    
      	
              24.3

            	
              Preferential
                Collection of Claims Against
                Issuer

            

    

    

    The
      Trustee is subject to TIA Section 311(a), excluding any creditor
      relationship listed in TIA Section 311(b). A Trustee who has resigned or been
      removed shall be subject to TIA Section 311(a) to the extent indicated
      therein.

    

    
      	
              24.4

            	
              Bondholder
                Lists

            

    

    

    The
      Trustee will preserve in as current a form as is reasonably practicable the
      most
      recent list available to it of the names and addresses of all Bondholders and
      shall otherwise comply with TIA Section 312(a). If the Trustee is not the
      Registrar, the Issuer will furnish to the Trustee at least seven business days
      before each interest payment date and at such other times as the Trustee may
      request in writing, a list in such form and as of such date as the Trustee
      may
      reasonably require of the names and addresses of the Bondholders and the Issuer
      shall otherwise comply with TIA Section 312(a).

     

    
      	
              24.5

            	
              Communication
                by Bondholders with Other
                Bondholders.

            

    

    

    Bondholders
      may communicate pursuant to TIA Section 312(b) with other Bondholders with
      respect to their rights under this Trust Deed or the Bonds. The Issuer, the
      Trustee, the Registrar and anyone else shall have the protection of TIA Section
      312(c).

     

    
      	
              24.6

            	
              Reports
                by Trustee to Bondholders.

            

    

    

    
      	 	
              (a)

            	
              Within
                60 days after each April 15 beginning April 15, 2009, and for so
                long as
                the Bonds remain outstanding, the Trustee will mail to the Bondholders,
                if
                required by TIA Section 313(a), a brief report dated as of such reporting
                date that complies with TIA Section 313(a) (but if no event described
                in
                TIA Section 313(a) has occurred within the twelve months preceding
                the
                reporting date, no report need be transmitted). The Trustee also
                will
                comply with TIA Section 313(b)(2). The Trustee will also transmit
                by mail
                all reports as required by TIA Section
                313(c).

            

    

    

    
      	 	
              (b)

            	
              A
                copy of each report at the time of its mailing to the Bondholders
                will be
                mailed by the Trustee to the Issuer and filed by the Trustee with
                the SEC
                and each stock exchange on which the Bonds are listed in accordance
                with
                TIA Section 313(d). The Issuer will promptly notify the Trustee when
                the
                Bonds are listed on any stock
                exchange.

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          36
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              24.7

            	
              Reports

            

    

    

    The
      Issuer will at all times comply with TIA Section 314(a). For the avoidance
      of doubt, nothing herein shall be construed to impose any duty or obligation
      on
      the Trustee to monitor the Issuer’s compliance with SEC rules and
      requirements.

     

    
      	
              24.8

            	
              Statements
                Required in Certificate or
                Opinion

            

    

    

    Each
      certificate or opinion with respect to compliance with a condition or covenant
      provided for in this Trust Deed (other than a certificate provided pursuant
      to
      TIA Section 314(a)(4)) must comply with the provisions of TIA
      Section 314(e) and must include:

    

    
      	 	
              (a)

            	
              a
                statement that the Person making such certificate or opinion has
                read such
                covenant or condition;

            

    

    

    
      	 	
              (b)

            	
              a
                brief statement as to the nature and scope of the examination or
                investigation upon which the statements or opinions contained in
                such
                certificate or opinion are based;

            

    

    

    
      	 	
              (c)

            	
              a
                statement that, in the opinion of such Person, he or she has made
                such
                examination or investigation as is necessary to enable him or her
                to
                express an informed opinion as to whether or not such covenant or
                condition has been satisfied; and

            

    

    

    
      	 	
              (d)

            	
              a
                statement as to whether or not, in the opinion of such Person, such
                condition or covenant has been
                satisfied.

            

    

    

    
      	
              24.9

            	
              Certificate
                and Opinion as to Conditions
                Precedent

            

    

    

    Upon
      any
      request or application by the Issuer to the Trustee to take any action under
      this Trust Deed, the Issuer shall furnish to the Trustee:

    

    
      	 	
              (a)

            	
              an
                Officers’ Certificate in form and substance reasonably satisfactory to the
                Trustee (which must include the statements set forth in Clause
                24.8
                hereof) stating that, in the opinion of the signers, all conditions
                precedent and covenants, if any, provided for in this Trust Deed
                relating
                to the proposed action have been satisfied;
                and

            

    

    

    
      	 	
              (b)

            	
              in
                the event required by TIA Section 314(c)(2), an Opinion of Counsel
                in form
                and substance reasonably satisfactory to the Trustee (which must
                include
                the statements set forth in Clause 24.8
                hereof) stating that, in the opinion of such counsel, all such conditions
                precedent and covenants have been
                satisfied.

            

      	 	 	 

    

    
      	
              24.10

            	
              Duties
                of Trustee

            

    

    

    
      	 	
              (a)

            	
              If
                an Event of Default has occurred and is continuing, the Trustee will
                exercise such of the rights and powers vested in it by this Trust
                Deed,
                and use the same degree of care and skill in its exercise, as a prudent
                person would exercise or use under the circumstances in the conduct
                of
                such person’s own affairs.

            

    

    

    
      	 	
              (b)

            	
              Except
                during the continuance of an Event of
                Default:

            

    

    

    
      	 	
              (i)

            	
              the
                duties of the Trustee will be determined solely by the express provisions
                of this Trust Deed and the Trustee need perform only those duties
                that are
                specifically set forth in this Trust Deed and no others, and no implied
                covenants or obligations shall be read into this Trust Deed against
                the
                Trustee; and

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          37
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              (ii)

            	
              in
                the absence of bad faith on its part, the Trustee may conclusively
                rely,
                as to the truth of the statements and the correctness of the opinions
                expressed therein, upon certificates or opinions furnished to the
                Trustee
                and conforming to the requirements of this Trust Deed. However, the
                Trustee will examine the certificates and opinions to determine whether
                or
                not they conform to the requirements of this Trust
                Deed.

            

    

    

    
      	 	
              (c)

            	
              The
                Trustee may not be relieved from liabilities for its own negligent
                action,
                its own negligent failure to act, or its own willful misconduct,
                except
                that:

            

    

    

    
      	 	
              (i)

            	
              this
                paragraph does not limit the effect of paragraph (b) of this Clause
                24.10;

            

    

    

    
      	 	
              (ii)

            	
              the
                Trustee will not be liable for any error of judgment made in good
                faith by
                a responsible officer, unless it is proved that the Trustee was negligent
                in ascertaining the pertinent facts;
                and

            

    

    

    
      	 	
              (iii)

            	
              the
                Trustee will not be liable with respect to any action it takes or
                omits to
                take in good faith in accordance with a direction received by it
                pursuant
                to Clause 24.13
                hereof.

            

    

    

    
      	 	
              (d)

            	
              Whether
                or not therein expressly so provided, every provision of this Trust
                Deed
                that in any way relates to the Trustee is subject to paragraphs (a),
                (b),
                and (c) of this Clause 24.10.

            

    

    

    
      	 	
              (e)

            	
              No
                provision of this Trust Deed will require the Trustee to expend or
                risk
                its own funds or incur any liability. The Trustee will be under no
                obligation to exercise any of its rights and powers under this Trust
                Deed
                at the request of any Bondholders, unless such Bondholder has offered
                to
                the Trustee security and indemnity satisfactory to it against any
                loss,
                liability or expense.

            

    

    

    
      	 	
              (f)

            	
              The
                Trustee will not be liable for interest on any money received by
                it except
                as the Trustee may agree in writing with the Issuer. Money held in
                trust
                by the Trustee need not be segregated from other funds except to
                the
                extent required by law.

            

    

    

    
      	
              24.11

            	
              Notice
                of Defaults 

            

    

    

    If
      a
      Default or Event of Default occurs and is continuing and if it is known to
      the
      Trustee, the Trustee will mail to Bondholders a notice of the Default or Event
      of Default within 90 days after it occurs. Except in the case of a Default
      or
      Event of Default in payment of principal of, premium, if any, or interest on,
      any Bond, the Trustee may withhold the notice if and so long as a committee
      of
      its responsible officers in good faith determines that withholding the notice
      is
      in the interests of the Bondholders.

     

    
      	
              24.12

            	
              Undertaking
                for Costs 

            

    

    

    In
      any
      suit for the enforcement of any right or remedy under this Trust Deed or in
      any
      suit against the Trustee for any action taken or omitted by it as a Trustee,
      a
      court in its discretion may require the filing by any party litigant in the
      suit
      of an undertaking to pay the costs of the suit, and the court in its discretion
      may assess reasonable costs, including reasonable attorneys’ fees, against any
      party litigant in the suit, having due regard to the merits and good faith
      of
      the claims or defenses made by the party litigant. This Clause 24.12
      does not
      apply to a suit by the Trustee, a suit by a Bondholder pursuant to Clause
24.15
      hereof,
      or a suit by Bondholders of more than 10% in aggregate principal amount of
      the
      then outstanding Bonds.

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          38
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              24.13

            	
              Control
                by Majority 

            

    

    

    Bondholders
      of a majority in aggregate principal amount of the then outstanding Bonds may
      direct the time, method and place of conducting any proceeding for exercising
      any remedy available to the Trustee or exercising any trust or power conferred
      on it. However, the Trustee may refuse to follow any direction that conflicts
      with law or this Trust Deed that the Trustee determines may be unduly
      prejudicial to the rights of other Bondholders or that may involve the Trustee
      in personal liability.

    

    
      	
              24.14

            	
              Waiver
                of Past Defaults 

            

    

    

    Bondholders
      of a majority in aggregate principal amount of the then outstanding Bonds by
      notice to the Trustee may on behalf of all the Bondholders waive an existing
      Default or Event of Default and its consequences hereunder, except a continuing
      Default or Event of Default in the payment of the principal of, premium, if
      any,
      or interest on, the Bonds (including in connection with an offer to purchase);
      provided,
      however,
      that
      the Bondholders of a majority in aggregate principal amount of the then
      outstanding Bonds may rescind an acceleration and its consequences, including
      any related payment default that resulted from such acceleration. Upon any
      such
      waiver, such Default shall cease to exist, and any Event of Default arising
      therefrom shall be deemed to have been cured for every purpose of this Trust
      Deed; but no such waiver shall extend to any subsequent or other Default or
      impair any right consequent thereon.

     

    
      	
              24.15

            	
              Rights
                of Bondholders to Receive
                Payment

            

    

    

    Notwithstanding
      any other provision of this Trust Deed, the right of any Bondholder to receive
      payment of principal, premium, if any, and interest on the Bond, on or after
      the
      respective due dates expressed in the Bond (including in connection with an
      offer to purchase), or to bring suit for the enforcement of any such payment
      on
      or after such respective dates, shall not be impaired or affected without the
      consent of such Bondholder.

    

    
      	
              24.16

            	
              Collection
                Suit by Trustee

            

    

    

    If
      a
      default occurs in payment of principal of, premium, if any, or interest on,
      any
      Bonds and is continuing, the Trustee is authorized to recover judgment in its
      own name and as trustee of an express trust against the Issuer for the whole
      amount of principal of, premium, if any, and interest remaining unpaid on,
      the
      Bonds and interest on overdue principal and, to the extent lawful, interest
      and
      such further amount as shall be sufficient to cover the costs and expenses
      of
      collection, including the reasonable compensation, expenses, disbursements
      and
      advances of the Trustee, its agents and counsel.

    

    
      	
              24.17

            	
              Trustee
                May File Proofs of Claim

            

    

    

    The
      Trustee is authorized to file such proofs of claim and other papers or documents
      as may be necessary or advisable in order to have the claims of the Trustee
      (including any claim for the reasonable compensation, expenses, disbursements
      and advances of the Trustee, its agents and counsel) and the Bondholders allowed
      in any judicial proceedings relative to the Issuer (or any other obligor upon
      the Bonds), its creditors or its property.

    

    
      	
              24.18

            	
              Paying
                Agent to Hold Money in
                Trust

            

    

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          39
          -

        
          

        

      

      
        
        

      

    

     

    The
      Issuer will require each Paying Agent other than the Trustee to agree in writing
      that the Paying Agent will hold in trust for the benefit of Bondholders or
      the
      Trustee all money held by the Paying Agent for the payment of principal,
      premium, if any, or interest on the Bonds, and will notify the Trustee of any
      default by the Issuer in making any such payment. While any such default
      continues, the Trustee may require a Paying Agent to pay all money held by
      it to
      the Trustee. The Issuer at any time may require a Paying Agent to pay all money
      held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent
      (if other than the Issuer or a Subsidiary) will have no further liability for
      the money. 

     

    
      	
              24.19

            	
              Trust
                Indenture Act Controls

            

    

    

    If
      any
      provision of this Trust Deed limits, qualifies or conflicts with the duties
      imposed by TIA Section 318(c), the duties imposed by TIA will
      control.

    

    [Remainder
      of the page intentionally left blank]

    

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          40
          -

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      1

    

    FORM
      OF CERTIFICATE

    

    

    The Bonds
      covered hereby have not been registered under the U.S. Securities Act of 1933,
      as amended (the "Securities Act") and may not be offered and sold
      or exercised within the United States or to, or for the account or benefit
      of,
      U.S. persons, except in either case in accordance with Regulation S under the
      Securities Act or pursuant to an effective registration statement or an
      applicable exemption from registration under the Securities Act. Terms used
      above have the meanings given to them by Regulation S

    

    On
      the
      front:

    

    
      	
              Amount

            	
              ISIN

            	
              Common
                Code

            	
              Certificate
                Number

            
	 	 	 	 

    

    

    CHINA
      ARCHITECTURAL ENGINEERING, INC. 

    (incorporated
      under the laws of the State of Delaware)

    US$20,000,000

    12%
      Convertible Bonds due 2011

    

    The
      Bond
      or Bonds in respect of which this Certificate is issued, the identifying numbers
      of which are noted above, are in registered form and form part of a series
      designated as specified in the title (the “Bonds”)
      of
      China Architectural Engineering, Inc. (the “Issuer”)
      and
      constituted by the Trust Deed referred to on the reverse hereof. The Bonds
      are
      subject to, and have the benefit of, that Trust Deed and the terms and
      conditions (the “Conditions”)
      set out
      on the reverse hereof.

    

    The
      Issuer hereby certifies that [  ]
      of [ ]
      is, as at the date hereof, entered in the register of Bondholders as the holder
      of Bonds in the principal amount of US$20,000,000 (Twenty Million United States
      dollars). For value received, the Issuer promises to pay the person who appears
      at the relevant time on the register of Bondholders as holder of the Bonds
      in
      respect of which this Certificate is issued such amount or amounts as shall
      become due in respect of such Bonds and otherwise to comply with the
      Conditions.

    

    The
      Bonds
      in respect of which this Certificate is issued are convertible into fully-paid
      shares of common stock with a par value of US$0.001 each of the Issuer subject
      to and in accordance with the Conditions and the Trust Deed.

    

    This
      Certificate is evidence of entitlement only. Title to the Bonds passes only
      on
      due registration on the register of Bondholders and only the duly registered
      holder is entitled to payments on Bonds in respect of which this Certificate
      is
      issued.

    

    This
      Certificate shall not be valid for any purpose until authenticated by or on
      behalf of the Principal Agent.

    

    The
      Certificate is governed by, and shall be construed in accordance with, English
      law.

    

    IN
      WITNESS whereof the Issuer has caused this Certificate to be signed on its
      behalf.

    

    Dated
      [  ]
      

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
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          41
          -

        
          

        

      

      
        
        

      

    

    
 

    CHINA
      ARCHITECTURAL ENGINEERING, INC. 

    

    By:

    Director/Authorised
      Signatory

     

    
      Amended
        and Restated Trust Deed

    

    
      
        
        

      

      
        -
          42
          -

        
          

        

      

      
        
        

      

    

     

    

    Certificate
      of Authentication

    

    Certified
      that the above-named holder is as at the date hereof entered in the register
      of
      Bondholders as holder of the above-mentioned principal amount of Bonds with
      identifying numbers:

    

    ____________

    

    ____________

    

    ____________

    

    ____________

    
 

    The
      Bank of New York as Registrar

    (without
      warranty, recourse or liability)

    

    

    

    

    By:

    

    

    

    Authorised
      Signatory

    

    Dated:

    

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
        -
          43
          -

        
          

        

      

      
        
        

      

    

    

    Terms
      and Conditions of the Bonds 

    

    

    

    
      Amended
        and Restated Trust Deed

      
        
          
          

        

        
          -
            44
            -

          
            

          

        

        
          
          

        

      

    

    

    PRINCIPAL
      PAYING, CONVERSION AND TRANSFER AGENT

    

    

    One
      Canada Square

    London,
      E14, 5AL, United Kingdom

    Fax
      no.:
      +44 20 7964 6369

    Attention:
      Global Corporate Trust

    

    

    with
      a
      copy to:

    

    The
      Bank
      of New York

    Level
      12,
      3 Pacific Place

    1
      Queen’s
      Road East

    Hong
      Kong

    Fax
      no.:
      852 2295 3283

    Attention:
      Corporate Trust

    

    

    

    REGISTRAR

    

    The
      Bank
      of New York

    101
      Barclay Street, New York

    NY
      10286,
      United States of America

    Fax
      no:
      +1 212 815 5802/5803

    Attention:
      Global Corporate Trust

    

    with
      a
      copy to:

    

    The
      Bank
      of New York

    Level
      12,
      3 Pacific Place

    1
      Queen’s
      Road East

    Hong
      Kong

    Fax
      no.:
      852 2295 3283

    Attention:
      Corporate Trust

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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    Form
      of Transfer

    

    FOR
      VALUE
      RECEIVED the undersigned hereby transfers to

    

    
      
        

      

    

     

    
      
        

      

    (Please
      Print or Typewrite Name and Address of Transferee)

    

    US$...........principal
      amount of the Bonds in respect of which this Certificate is issued, and all
      rights in respect thereof.

    

    All
      payments in respect of the Bonds hereby transferred are to be made (unless
      otherwise instructed by the transferee) to the following account:

     

    
 

    
      	Name
              of
              bank: 	 	 
	 	 	 
	US$
              account number:	 	 
	 	 	 
	For
              the
              account of: 	 	 

    

         

    Dated:
      ________________________

                
      

               
      ________________________

    

    Certifying
      Signature

    

    Name: 
      ________________________

    

    

    Notes:

    

    
      	
              (i)

            	
              A
                representative of the Bondholder should state the capacity in which
                he
                signs, e.g. executor.

            

    

    

    
      	
              (ii)

            	
              The
                signature of the person effecting a transfer shall conform to any
                list of
                duly authorised specimen signatures supplied by the registered holder
                or
                be certified by a recognised bank, notary public or in such other
                manner
                as the Agent or the Registrar may
                require.

            

    

     

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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    SCHEDULE
      2

    

    FORM
      OF GLOBAL CERTIFICATE

    

    The Bonds
      covered hereby have not been registered under the U.S. Securities Act of 1933,
      as amended (the "Securities Act") and may not be offered and sold
      or exercised within the United States or to, or for the account or benefit
      of,
      U.S. persons, except in either case in accordance with Regulation S under the
      Securities Act or pursuant to an effective registration statement or an
      applicable exemption from registration under the Securities Act. Terms used
      above have the meanings given to them by Regulation S

    

    ISIN:
      [·]

    Common
      Code: [·]

    

    CHINA
      ARCHITECTURAL ENGINEERING, INC.

    (incorporated
      under the laws of the State of Delaware)

    US$20,000,000

    12%
      Convertible Bonds due 2011

    

    GLOBAL
      CERTIFICATE

    

    The
      Bonds
      in respect of which this Global Certificate is issued are in registered form
      and
      form part of the series designated as specified in the title (the “Bonds”)
      of
      China Architectural Engineering, Inc. (the “Issuer”).

    

    The
      Issuer hereby certifies that [·]
      is, as
      at the date hereof, entered in the register of Bondholders as the holder of
      Bonds in the principal amount of US$20,000,000 (Twenty million United States
      dollars) or such other amount as is shown on the register of Bondholders as
      being represented by this Global Certificate and is duly endorsed (for
      information purposes only) in the third column of Schedule A to this Global
      Certificate. For value received, the Issuer promises to pay the person who
      appears at the relevant time on the register of Bondholders as holder of the
      Bonds in respect of which this Global Certificate is issued such amount or
      amounts as shall become due in respect of such Bonds and otherwise to comply
      with the Conditions, as referred to below.

    

    The
      Bonds
      are constituted by a trust deed (the “Trust
      Deed”)
      dated
      [•]
      2008
      and made between the Issuer and The Bank of New York, London Branch as trustee
      (the “Trustee”)
      and
      are subject to, and have the benefit of, the Trust Deed and the terms and
      conditions (the “Conditions”
or
      the
“Terms
      and Conditions”)
      set
      out in Schedule 1 to the Trust Deed, as modified by the provisions of this
      Global Certificate. Terms defined in the Trust Deed have the same meanings
      when
      used herein.

    

    The
      Bonds
      in respect of which this Global Certificate is issued are convertible into
      fully-paid shares of common stock of par value US$0.001 each of the Issuer
      subject to and in accordance with the Conditions and the Trust
      Deed.

    

    Owners
      of
      interests in the Bonds in respect of which this Global Certificate is issued
      will be entitled to have title to the Bonds registered in their names and to
      receive individual definitive Certificates if either Euroclear or Clearstream
      (or any other clearing system (an “Alternative
      Clearing System”)
      as
      shall have been designated by the Issuer and approved by the Trustee on behalf
      of which the Bonds evidenced by this Global Certificate may be held) is closed
      for business for a continuous period of fourteen (14) days (other than by reason
      of holidays, statutory or otherwise) or announces an intention permanently
      to
      cease business or does in fact do so.

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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    In
      such
      circumstances, the Issuer will at its own expense cause sufficient individual
      definitive Certificates to be executed and delivered to the Registrar for
      completion, authentication and dispatch to all Bondholders. A person with an
      interest in the Bonds in respect of which this Global Certificate is issued
      must
      provide the Registrar with a written order containing instructions and such
      other information as the Issuer and the Registrar may require to complete,
      execute and deliver such individual definitive Certificates.

    

    This
      Global Certificate is evidence of entitlement only. Title to the Bonds passes
      only on due registration in the register of Bondholders and only the duly
      registered holder is entitled to payments on Bonds in respect of which this
      Global Certificate is issued.

    

    The
      Conditions are modified as follows in so far as they apply to the Bonds in
      respect of which this Global Certificate is issued.

    

    The
      Registrar will not register the exchange of interests in this Global Certificate
      for individual definitive Certificates for a period of fifteen (15) calendar
      days preceding the due date for any payment of principal, interest and premium
      (if any) in respect of the Bonds.

    

    Meetings

    

    The
      registered holder of this Global Certificate will be treated as being two (2)
      persons for the purposes of any quorum requirements of a meeting of Bondholders
      and, at any such meeting, as having one (1) vote in respect of each US$1,000
      in
      principal amount of Bonds for which this Global Certificate is issued. The
      Trustee may allow a person with an interest in Bonds in respect of which this
      Global Certificate has been issued to attend and speak at a meeting of
      Bondholders on appropriate proof of his identity and interest.

    

    Cancellation

    

    Cancellation
      of any Bond by the Issuer following its redemption, conversion or purchase
      by
      the Issuer will be effected by a reduction in the principal amount of the Bonds
      in the register of Bondholders.

    

    Trustee’s
      Powers

    

    In
      considering the interests of Bondholders while this Global Certificate is
      registered in the name of a nominee for a clearing system, the Trustee may,
      to
      the extent it considers it appropriate to do so in the circumstances but without
      being obliged to do so, (a) have regard to any information as may have been
      made
      available to it by or on behalf of the relevant clearing system or its operator
      as to the identity of its accountholders (either individually or by way of
      category) with entitlements in respect of the Bonds and (b) may consider such
      interests on the basis that such accountholders were the holders of the Bonds
      in
      respect of which this Global Certificate is issued.

    

    Conversion

    

    Subject
      to the requirements of Euroclear and Clearstream (or any Alternative Clearing
      System), the Conversion Right attaching to a Bond in respect of which this
      Global Certificate is issued, may be exercised by the presentation (which may
      be
      by facsimile transmission) thereof to or to the order of the Principal Agent
      of
      one (1) of more Conversion Notices duly completed by or on behalf of a holder
      of
      a book-entry interest in such Bond. Deposit of this Global Certificate with
      the
      Principal Agent together with the relevant Conversion Notice(s) shall not be
      required. The exercise of the Conversion Right shall be notified by the
      Principal Agent to the Registrar and the holder of this Global
      Certificate.

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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    Payment

    

    Payments
      of principal, interest and premium (if any) in respect of Bonds represented
      by
      this Global Certificate will be made without presentation or if no further
      payment falls to be made in respect of the Bonds, against presentation and
      surrender of this Global Certificate to or to the order of the Principal Agent
      or such other Paying Agent as shall have been notified to the Bondholders for
      such purpose.

    

    Notices

    

    So
      long
      as the Bonds are represented by this Global Certificate and this Global
      Certificate is held on behalf of Euroclear or Clearstream or the Alternative
      Clearing System, notices to Bondholders may be given by delivery of the relevant
      notice to Euroclear or Clearstream or the Alternative Clearing System, for
      communication by it to entitled accountholders in substitution for notification
      as required by the Conditions.

    

    Bondholders’
      Redemption

    

    The
      Bondholders’ redemption options in Conditions 9(D), 9(E) and 9(F) may be
      exercised by the holder of this Global Certificate giving notice (which may
      be
      made by facsimile transmission) to the Principal Agent of the principal amount
      of Bonds in respect of which the option is exercised and presenting this Global
      Certificate for endorsement or exercise within the time limits specified in
      those Conditions.

    

    Registration
      of Title

    

    Certificates
      in definitive form for individual holdings of Bonds will not be issued in
      exchange for interests in Bonds in respect of which this Global Certificate
      is
      issued, except if either Euroclear or Clearstream (or any alternative clearing
      system on behalf of which the Bonds evidenced by this Global Certificate may
      be
      held) is closed for business for a continuous period of fourteen (14) days
      (other than by reason of holidays, statutory or otherwise) or announces an
      intention permanently to cease business or does in fact do so.

    

    Transfers

    

    Transfers
      of interests in the Bonds will be effected through the records of Euroclear
      and
      Clearstream and their respective participants in accordance with the rules
      and
      procedures of Euroclear and Clearstream and their respective direct and indirect
      participants.

    

    Enforcement

    

    For
      the
      purposes of enforcement of the provisions of the Trust Deed against the Trustee,
      the persons named in a certificate of the holder of the Bonds in respect of
      which this Global Certificate is issued shall be recognised as the beneficiaries
      of the trust set out in the Trust Deed, to the extent of the principal amounts
      of their interest in the Bonds set out in the certificate of the holder, as
      if
      they were themselves the holders of Bonds in such principal
      amounts.

    

    For
      all
      purposes the Bonds in respect of which this Global Certificate is issued, each
      person who is for the time being shown in the records of Euroclear or of
      Clearstream as the holder of a particular principal amount of such Bonds (in
      which regard any certificate or other document issued by Euroclear or
      Clearstream as to the principal amount of Bonds represented by a Global
      Certificate standing to the account of any person shall be conclusive and
      binding for all purposes) shall be recognised as the holder of such principal
      amount of Bonds.

    

    Third
      Party Rights

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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    No
      rights
      are conferred on any person under the Contracts (Rights of Third Parties) Act
      1999 to enforce any term of this Global Certificate but this does not affect
      any
      right or remedy of any person which exists or is available apart from that
      Act.

    

    This
      Global Certificate shall not be valid for any purpose until authenticated by
      or
      on behalf of the Principal Agent.

    

    This
      Global Certificate is governed by, and shall be construed in accordance with,
      English law.

    

    In
      witness
      whereof
      the Issuer has caused this Global Certificate to be signed on its
      behalf.

    

    Dated
      [·]
      2007

    

    CHINA
      ARCHITECTURAL ENGINEERING, INC. 

    

    

    

    By:
      _____________________

      

    Director/Authorised
      Signatory

    

    

    Certificate
      of Authentication

    

    Certified
      that the above-named holder is as at the date hereof entered in the register
      of
      Bondholders as holder of the above-mentioned principal amount of
      Bonds.

    

    The
      Bank of New York as Registrar

    (without
      warranty, recourse or liability)

    

    

    By:
      ____________________ 

     

    Authorised
      Signatory

    

    Dated:

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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    Schedule
      A

    

    Schedule
      of Reductions in Principal Amount of Bonds in respect of which
      this

    Global
      Certificate is Issued

    The
      following reductions in the principal amount of Bonds in respect of which this
      Global Certificate is issued have been made as a result of: (i) exercise of
      the
      Conversion Rights attaching to Bonds or (ii) redemption of Bonds or (iii) issue
      of definitive Certificates in respect of the Bonds or (iv) purchase and
      cancellation of the Bonds:

    

    

    
      	
              Date
                of Conversion / Redemption / Issue of definitive Certificates / Purchase
                and cancellation of the Bonds

            	 	
              Amount
                of decrease in principal amount of this Global
                Certificate

            	 	
              Principal
                Amount of this Global Certificate following such
                decrease

            	 	
              Notation
                made by or on behalf of the Registrar

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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    PRINCIPAL
      PAYING, CONVERSION AND TRANSFER AGENT

    

    The
      Bank
      of New York, London Branch

    One
      Canada Square

    London,
      E14, 5AL, United Kingdom

    Fax
      no.:
      +44 20 7964 6369

    Attention:
      Global Corporate Trust

    

    with
      a
      copy to:

    

    The
      Bank
      of New York

    Level
      12,
      3 Pacific Place

    1
      Queen’s
      Road East

    Hong
      Kong

    Fax
      no.:
      852 2295 3283

    Attention:
      Corporate Trust

    

    REGISTRAR

    

    The
      Bank
      of New York

    101
      Barclay Street, New York

    NY
      10286,
      United States of America

    Fax
      no:
      +1 212 815 5802/5803

    Attention:
      Global Corporate Trust

    

    with
      a
      copy to:

    

    The
      Bank
      of New York

    Level
      12,
      3 Pacific Place

    1
      Queen’s
      Road East

    Hong
      Kong

    Fax
      no.:
      852 2295 3283

    Attention:
      Corporate Trust

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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    Form
      of Transfer

    

    FOR
      VALUE
      RECEIVED the undersigned hereby transfers the following principal amounts of
      Bonds in respect of which the Global Certificate is issued, and all rights
      in
      respect thereof, to the transferee(s) listed below:

    
      	
               

              Principal
                Amount transferred

            	
              Name,
                address and account for 

              payments
                of transferee

            
	 	 
	 	 
	 	 
	 	 
	
              Dated
                : _________________________

            	
              Certifying
                Signature :

              _________________________

            
	
              Name
                : _________________________

            	 

    

     

    Notes:

    

    
      	
              (i)

            	
              A
                representative of the Bondholder should state the capacity in which
                he
                signs e.g. executor.

            

    

    

    
      	
              (ii)

            	
              The
                signature of the person effecting a transfer shall conform to any
                list of
                duly authorised specimen signatures supplied by the registered holder
                or
                be certified by a recognised bank, notary public or in such other
                manner
                as the Principal Agent or the Registrar may
                require.

            

    

    
Amended
      and Restated Trust Deed

    
      
        
        

      

      
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    SCHEDULE
      3

     

    

    PROVISIONS
      FOR MEETINGS OF BONDHOLDERS

     

    
      	
              1.

            	
              A
                holder of a Bond may by an instrument in writing (a “form
                of proxy”)
                in the form available from the specified office of any Agent in English
                signed by the holder or, in the case of a corporation, executed under
                its
                common seal or signed on its behalf by an attorney or a duly authorised
                officer of the corporation and delivered to the Agent not later than
                twenty-four (24) hours before the time fixed for any meeting, appoint
                any
                person (a “proxy”)
                to act on his or its behalf in connection with any meeting or proposed
                meeting of Bondholders.

            

      	 	 

      	2.	
              A
                holder of a Bond which is a corporation may by delivering to any
                Agent not
                later than twenty-four (24) hours before the time fixed for any meeting
                a
                resolution of its directors or other governing body in English authorise
                any person to act as its representative (a “representative”)
                in connection with any meeting or proposed meeting of
                Bondholders.

            

    

     

    
      	
              3.

            	
              A
                proxy or representative so appointed shall so long as such appointment
                remains in force be deemed, for all purposes in connection with any
                meeting or proposed meeting of Bondholders specified in such appointment,
                to be the holder of the Bonds to which such appointment relates and
                the
                holder of the Bond shall be deemed for such purposes not to be the
                holder.

            

      	 	 

    

    
      	
              4.

            	
              Each
                of the Issuer and the Trustee may at any time convene a meeting of
                Bondholders. If the Trustee receives a written request by Bondholders
                holding at least ten percent (10%) in principal amount of the Bonds
                for
                the time being outstanding and is indemnified to its satisfaction
                against
                all costs and expenses, the Trustee shall convene a meeting of
                Bondholders. Every meeting shall be held at a time and place approved
                by
                the Trustee.

            

      	 	 

    

    
      	
              5.

            	
              At
                least twenty-one (21) days’ notice (exclusive of the day on which the
                notice is given and of the day of the meeting) shall be given to
                the
                Bondholders to convene a meeting of Bondholders. A copy of the notice
                shall be given by the party convening the meeting to the other parties.
                The notice shall specify the day, time and place of meeting, be given
                in
                the manner provided in the Conditions and shall specify, unless the
                Trustee otherwise agrees, the nature of the resolutions to be proposed
                and
                shall include a statement to the effect that the holders of Bonds
                may
                appoint proxies by executing and delivering a form of proxy in English
                to
                the specified office of an Agent not later than twenty-four (24)
                hours
                before the time fixed for the meeting or, in the case of corporations,
                may
                appoint representatives by resolution in English of their directors
                or
                other governing body and by delivering an executed copy of such resolution
                to the Agent not later than twenty-four (24) hours before the time
                fixed
                for the meeting.

            

      	 	 

    

    
      	
              6.

            	
              A
                person (who may, but need not, be a Bondholder) nominated in writing
                by
                the Trustee may act as chairman of a meeting but if no such nomination
                is
                made or if the person nominated is not present within fifteen (15)
                minutes
                after the time fixed for the meeting the Bondholders present shall
                choose
                one (1) of their number to be chairman, failing which, the Issuer
                may
                appoint the chairman. The chairman of an adjourned meeting need not
                be the
                same person as was chairman of the original
                meeting.

            

      	 	 

    

    
      	
              7.

            	
              At
                a meeting two (2) or more persons present in person holding Bonds
                or being
                proxies or representatives and holding or representing in the aggregate
                not less than ten percent (10%) in principal amount of the Bonds
                for the
                time being outstanding shall (except for the purpose of passing an
                Extraordinary Resolution) form a quorum for the transaction of business
                and no business (other than the choosing of a chairman) shall be
                transacted unless the requisite quorum be present at the commencement
                of
                business. The quorum at a meeting for passing an Extraordinary Resolution
                shall (subject as provided below) be two (2) or more persons present
                in
                person holding Bonds or being proxies or representatives and holding
                or
                representing in the aggregate over fifty percent (50%) in principal
                amount
                of the Bonds for the time being outstanding provided that the quorum
                at
                any meeting the business of which includes any of the matters specified
                in
                the proviso to paragraph 16
                shall be two (2) or more persons so present holding Bonds or being
                proxies
                or representatives and holding or representing in the aggregate not
                less
                than two-thirds (2/3) in principal amount of the Bonds for the time
                being
                outstanding.

            

    

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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              8.

            	
              If
                within fifteen (15) minutes from the time fixed for a meeting a quorum
                is
                not present the meeting shall, if convened upon the requisition of
                Bondholders or if the Issuer and the Trustee agree, be dissolved.
                In any
                other case it shall stand adjourned to such date, not less than fourteen
                (14) nor more than forty-two (42) days later, and to such place as
                the
                chairman may decide. At such adjourned meeting two (2) or more persons
                present in person holding Bonds or being proxies or representatives
                (whatever the principal amount of the Bonds so held or represented)
                shall
                form a quorum and may pass any resolution and decide upon all matters
                which could properly have been dealt with at the meeting from which
                the
                adjournment took place had a quorum been present at such meeting
                provided
                that at any adjourned meeting at which is to be proposed an Extraordinary
                Resolution for the purpose of effecting any of the modifications
                specified
                in the proviso to paragraph 16
                the quorum shall be two (2) or more persons so present holding Bonds
                or
                being proxies or representatives and holding or representing in the
                aggregate not less than one-third (1/3) in principal amount of the
                Bonds
                for the time being outstanding.

            

      	 	 

    

    
      	
              9.

            	
              The
                chairman may with the consent of (and shall if directed by) a meeting
                adjourn the meeting from time to time and from place to place but
                no
                business shall be transacted at an adjourned meeting which might
                not
                lawfully have been transacted at the meeting from which the adjournment
                took place.

            

      	 	 

    

    
      	
              10.

            	
              At
                least ten (10) days’ notice of any meeting adjourned through want of a
                quorum shall be given in the same manner as for an original meeting
                and
                such notice shall state the quorum required at the adjourned meeting.
                No
                notice need, however, otherwise be given of an adjourned
                meeting.

            

      	 	 

    

    
      	
              11.

            	
              Each
                question submitted to a meeting shall be decided in the first instance
                by
                a show of hands and in case of equality of votes the chairman shall
                both
                on a show of hands and on a poll have a casting vote in addition
                to the
                vote or votes (if any) which he may have as a Bondholder or as a
                holder of
                a voting certificate or as a proxy or
                representative.

            

      	 	 

    

    
      	
              12.

            	
              Unless
                a poll is (before or on the declaration of the result of the show
                of
                hands) demanded at a meeting by the chairman, the Issuer, the Trustee
                or
                by one (1) or more persons holding one (1) or more Bonds or being
                proxies
                or representatives and holding or representing in the aggregate not
                less
                than two percent (2%) in principal amount of the Bonds for the time
                being
                outstanding, a declaration by the chairman that a resolution has
                been
                carried or carried by a particular majority or lost or not carried
                by a
                particular majority shall be conclusive evidence of the fact without
                proof
                of the number or proportion of the votes recorded in favour of or
                against
                such resolution.

            

      	 	 

    

    
      	
              13.

            	
              If
                a poll is demanded, it shall be taken in such manner and (subject
                as
                provided below) either at once or after such an adjournment as the
                chairman directs and the result of such poll shall be deemed to be
                the
                resolution of the meeting at which the poll was demanded as at the
                date of
                the taking of the poll. The demand for a poll shall not prevent the
                continuation of the meeting for the transaction of any business other
                than
                the question on which the poll has been
                demanded.

            

    

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
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              14.

            	
              A
                poll demanded on the election of a chairman or on any question of
                adjournment shall be taken at the meeting without
                adjournment.

            

      	 	 

    

    
      	
              15.

            	
              The
                Issuer and the Trustee (through their respective representatives)
                and
                their respective financial and legal advisers may attend and speak
                at any
                meeting of Bondholders. No one else may attend or speak at a meeting
                of
                Bondholders unless he is the holder of a Bond or is a proxy or a
                representative.

            

      	 	 

    

    
      	
              16.

            	
              On
                a show of hands every holder who is present in person or any person
                who is
                present and is a proxy or a representative shall have one (1) vote
                and on
                a poll every person who is so present shall have one (1) vote in
                respect
                of each Bond produced or in respect of which he is a proxy or a
                representative. Without prejudice to the obligations of proxies,
                a person
                entitled to more than one (1) vote need not use them all or cast
                them all
                in the same way.

            

      	 	 

    

    
      	
              17.

            	
              A
                proxy need not be a Bondholder.

            

      	 	 

    

    
      	
              18.

            	
              A
                meeting of Bondholders shall, subject to the Conditions, in addition
                to
                the powers given above, but without prejudice to any powers conferred
                on
                other persons by this Trust Deed, have power exercisable by Extraordinary
                Resolution:

            

    

    

    
      	 	
              18.1

            	
              to
                sanction any proposal by the Issuer for any modification, abrogation,
                variation or compromise of, or arrangement in respect of, the rights
                of
                the Bondholders against the Issuer whether or not such rights arise
                under
                this Trust Deed;

            

    

    

    
      	 	
              18.2

            	
              to
                sanction the exchange or substitution for the Bonds of, or the conversion
                of the Bonds into, shares, bonds, or other obligations or securities
                of
                the Issuer or any other entity;

            

    

    

    
      	 	
              18.3

            	
              to
                assent to any modification of this Trust Deed or the Bonds which
                shall be
                proposed by the Issuer or the
                Trustee;

            

    

    

    
      	 	
              18.4

            	
              to
                authorise anyone to concur in and do anything necessary to carry
                out and
                give effect to an Extraordinary
                Resolution;

            

    

    

    
      	 	
              18.5

            	
              to
                give any authority, direction or sanction required to be given by
                Extraordinary Resolution;

            

    

    

    
      	 	
              18.6

            	
              to
                appoint any persons (whether Bondholders or not) as a committee or
                committees to represent the interests of the Bondholders and to confer
                on
                them any powers or discretions which the Bondholders could themselves
                exercise by Extraordinary
                Resolution;

            

    

    

    
      	 	
              18.7

            	
              to
                approve the substitution of any entity for the Issuer (or any previous
                substitute) as principal debtor under this Trust Deed;
                

            

    

    

    
      	 	
              18.8

            	
              to
                approve a proposed new Trustee and to remove a Trustee;
                and

            

    

    

    
      	 	
              18.9

            	
              to
                discharge or exonerate the Trustee from any liability in respect
                of any
                act or omission for which it may become responsible under this Trust
                Deed
                or the Bonds,

            

    

    

    provided
      that the special quorum provisions contained in the proviso to paragraph
5
      and, in
      the case of an adjourned meeting, in the proviso to paragraph 6
      shall
      apply for the purpose of making any modification to the provisions contained
      in
      this Trust Deed or the Bonds which would have the effect of:

    

    
      	 	
              18.9.1

            	
              modifying
                the due date for any payment in respect of the Bonds;
                or

            

    

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
        -
          56
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              18.9.2

            	
              reducing
                or cancelling the amount of principal, interest, premium, or default
                interest (including any Early Redemption Amount) or Equivalent Amount
                payable in respect of the Bonds or changing the method of calculation
                of
                the Early Redemption Amount; or

            

    

    

    
      	 	
              18.9.3

            	
              changing
                the currency of payment of the Bonds;
                or

            

    

    

    
      	 	
              18.9.4

            	
              modifying
                (except by a unilateral and unconditional reduction in the Conversion
                Price) or cancelling the Conversion Rights or the options specified
                in
                Conditions 9(D), 9(E) or 9(F); or

            

    

    

    
      	 	
              18.9.5

            	
              modifying
                the provisions contained in this Schedule concerning the quorum required
                at a meeting of Bondholders or the majority required to pass an
                Extraordinary Resolution or sign a resolution in writing;
                or

            

    

    

    
      	 	
              18.9.6

            	
              amending
                this proviso.

            

      	 	 	 

    

    
      	
              19.

            	
              An
                Extraordinary Resolution passed at a meeting of Bondholders duly
                convened
                and held in accordance with this Trust Deed shall be binding on all
                the
                Bondholders, whether or not present at the meeting, and each of them
                shall
                be bound to give effect to it accordingly. The passing of such a
                resolution shall be conclusive evidence that the circumstances of
                such
                resolution justify the passing of it.

            

      	 	 

    

    
      	
              20.

            	
              The
                expression “Extraordinary
                Resolution”
                means a resolution passed at a meeting of Bondholders duly convened
                and
                held in accordance with these provisions by a majority consisting
                of not
                less than three-quarters (3/4) of the votes cast at such
                meeting.

            

      	 	 

    

    
      	
              21.

            	
              A
                resolution in writing signed by or on behalf of the holders of not
                less
                than ninety percent (90%) in principal amount of the Bonds who for
                the
                time being are entitled to receive notice of a meeting in accordance
                with
                these provisions shall for all purposes be as valid as an Extraordinary
                Resolution passed at a meeting of Bondholders convened and held in
                accordance with these provisions. Such resolution in writing may
                be in one
                (1) document or several documents in like form each signed by or
                on behalf
                of one (1) or more of the Bondholders.

            

      	 	 

    

    
      	
              22.

            	
              Minutes
                shall be made of all resolutions and proceedings at every meeting
                and, if
                purporting to be signed by the chairman of that meeting or of the
                next
                succeeding meeting of Bondholders, shall be conclusive evidence of
                the
                matters in them. Until the contrary is proved every meeting for which
                minutes have been so made and signed shall be deemed to have been
                duly
                convened and held and all resolutions passed or proceedings transacted
                at
                it to have been duly passed and
                transacted.

            

      	 	 

    

    
      	
              23.

            	
              Subject
                to all other provisions contained in this Trust Deed, the Trustee
                may
                without the consent of the Bondholders prescribe such further regulations
                regarding the holding of meetings and attendance and voting at them
                or
                regarding the making of resolutions in writing as the Trustee may
                in its
                sole discretion determine including (without limitation) such regulations
                and requirements as the Trustee thinks reasonable to satisfy itself
                that
                persons who purport to make any requisition in accordance with this
                Trust
                Deed are entitled to do so and that those who purport to attend or
                vote at
                a meeting or to sign a written resolution are entitled to do
                so.

            

    

     

    Amended
      and Restated Trust Deed

    
      
        
        

      

      
        -
          57
          -

        
          

        

      

      
        
        

      

    

     

    

    This
      Trust Deed is delivered on the day and year first before written.

    

    The
      Issuer

    

    

    Executed
      as a deed by

    CHINA
      ARCHITECTURAL ENGINEERING, INC. 

     

     

    

    By:  
      /s/ Luo Ken Yi                    

    Name:
      Luo
      Ken Yi

    Title:
      Chairman

    

    

     

                                    
      /s/ Li, Gang Ling                  

    Name
      of
      Witness: Li, Gang Ling

    Address:
      13F, Excellence Times Square

           
4068
      Yitian Rd., Futian, Shenzhen

           
P.
      R. China

    

    

    

    

    

    The
      Trustee 

    

    

    Executed
      as a deed by

    THE
      BANK OF NEW YORK, LONDON BRANCH

     

    

     

     

    

    By:  /s/
      Eva Tam                     

    Name:
      Eva
      Tam

    Title:

    

    

    

                                    
      /s/ Irene Ding                  

    Name
      of
      Witness: Irene Ding

    Address:

    

      
        	
                Signature
                  Page of

                Amended
                  and Restated Trust Deed

              

      

    
      
        
        

      

      
        -
          58
          -

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