Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Sterling Group Ventures, Inc. - Exhibit 10.1

Exhibit 10.1

Agreement for the development of Dangxiongcuo (DXC) Salt Lake
  Project

Between

Micro Express Holdings Inc.

and

Beijing Mianping Salt Lake Research Institute

September 2005

Table of Contents

	1 	General 	2
	 	 	 
	2 	Definition 	2
	 	 	 
	3 	Parties 	2
	 	 	 
	4 	Cooperative Company	3
	 	 	 
	5 	Patent Technology 	6
	 	 	 
	6 	Exploration Permit and Mining
      Permit 	7
	 	 	 
	7 	Responsibilities 	7
	 	 	 
	8 	Other Cooperation 	7
	 	 	 
	9 	Termination and Liabilities 	8
	 	 	 
	10 	Confidentiality 	9
	 	 	 
	11 	Force Majeure 	9
	 	 	 
	12 	Settlement of Disputes 	9
	 	 	 
	13 	Miscellaneous 	10

	Attachment I	DXC Salt Lake Project Working & Capital Schedule.
	 	 
	Attachment II	The Main Technical & Economic Parameters for the
      Lithium Carbonate Thermal Deposit Technology

1

Article One General

The agreement is signed on September 16, 2005 in Beijing of China
  between Micro Express Holdings Inc., a body corporate incorporated in British
  Virgin Island (hereinafter referred to as “Party A”) and Beijing
  Mianping Salt Lake Research Institute, a body corporate incorporated in Haidian
  district of Beijing of China (hereinafter referred to as “Party B”).
  Based on mutual benefit, both parties agree to sign this agreement for the development
  of Dangxiongcuo (DXC) salt lake at Nima county of Tibet of China (hereinafter
  referred to as “Project”) according to the laws and regulations of
  People’s Republic of China. 

Article Two Definition

Except defined in the Contract, the following terms are defined
  as follows:

	2.1 	 “Project” means the cooperation between both
        parties in this agreement for the development of DXC salt lake at Nima
        county of Naqu district of Tibet of China. The first phase is 5,000 tonnes
        per year of lithium carbonate (Li2CO3) and a sodium borate production
        line.

	 	 
	2.2 	 “Purification Plant” is a limited liability
        Company registered in China.

	 	 
	2.3 	 “Lithium carbonate production using thermal deposit”
        is a technology for producing Li2CO3. This technology is exclusive technology
        invented by Party B. This technology will be used in the development of
        DXC salt lake when Cooperative Company is registered.

	 	 
	2.4 	 "Force Majeure" means all predictable and unpredictable
        events that occur after this agreement is signed, which are beyond the
        control of each party, unavoidable, insurmountable, or make that either
        party cannot fulfill the agreement in full or part of agreement including
        the contents and provisions listed in Article Eleven.

Article Three Parties

	3.1 	 The name and legal address of each party, name, nationality
        and position of legal person:

	 	Party A: 	Micro Express Holdings Inc. 
	 	Legal address: 	Suite 900 – 789 West Pender Street 
	 	  	  	Vancouver, BC, Canada V6C 1H2 
	 	  	  	  
	 	Legal representative:	Xuxin Shao 
	 	Nationality: Canadian	 
	 	Position: President	 
	 	  	  	  
	 	Party B: 	Beijing Mianping Salt Lake Research Institute 
	 	Legal address:	10-302 No. 2 Building, No. 10 Garden; Minzu University Road
      South, 
	 	  	  	Haidian District, Beijing 100081 
	 	  	  	  
	 	Legal representative:	Ling Zheng 
	 	Nationality: Chinese	 
	 	Position: Chairman	 

	3.2 	 Representations and Warranties of the Parties
        at the effective day of this agreement:

	 	 	 
		(1) 	 Each party has the full legal right, power and authority,
        and has obtained all consents, approvals and authorization to sign this
        agreement. At the effective day of this agreement, each party has the
        full legal right, power and authority, and has obtained all consents,
        approvals and authorizations necessary to execute and deliver this agreement
        and to observe and perform its obligations hereunder;

	 	 	 
		(2) 	 The representative of each party with the effective
        power of attorney or board resolution has the full right and power to
        sign this agreement and ensures the party to be bound with this agreement;

2 

	 	(3) 	 Signing and execution of this agreement shall not have
        any conflict or result in disobeying any laws and regulations of the government,
        or any other agreements or any terms in the other agreements signed with
        the third party.

	 	 	 
	 	(4) 	 Both parties do not involved in any legal disputes or
        situation for big contract breaching.

Article Four Cooperative Company

	4.1 	 Both parties have agreed to set up a Cooperative Company
        to develop DXC salt lake property at Nima county of Naqu district of Tibet
        of China.

	 	 
		 The objective of Cooperative Company: Using funds from
        Party A and skilled technology from Party B to conduct the comprehensive
        utilization of DXC salt lake project to produce lithium carbonate and
        borate. Through the purification and production of the related products,
        both parties obtain the satisfying return.

	 	 
	4.2 	 The name of Cooperative Company: Tibet Saline Lake Mining
        High-Science & Technology Co., Ltd. (Hereafter “Cooperative”
        or “Company”)

	 	 
	4.3 	 The total investment of the Company is 240 million Yuan
        and registered capital is 96 million Yuan.

	 	 
	4.4 	 The contributions of both parties:

	 	(1) 	Party A shall make contribution to the
        Company according to Attachment I to earn 65% interest of the Company.
      

	 	(2)	Party B shall transfer its owned “lithium
        carbonate production using thermal deposit” technology into the Company
        and shall be responsible to the technical and economic feasibility to
        earn 35% interest of the Company. 

	 	(3)	The early contribution of Party A for
        the Cooperative project and for the setting up Cooperative Company shall
        be recognized as registered capital contribution.

	 	(4)	The construction funds over the registered
        capital shall be financed by Party A as the debt of the Company (the Company
        shall pay the interest according to the interest rate at the same term
        decided by the Bank of China and the extra interest shall be paid by Party
        A).

	 	(5)	If Party A does not make 240 million
        Yuan or equivalent foreign currency into the Company according to provision,
        Party A agrees to dilute party A’s interest in the Company. The formula
        for calculating the interest of each party is as follows:

	 	 	Party A’s interest = (actual registered
        capital contribution / total registered capital *50% +

	 	 	
	
	(actual construction cost contribution + allowance)
        / total construction cost *15%)

	 	 	Party B’s interest = 100% –
        Party A’s interest

	Notes:	total registered capital = 96 million yuan RMB
	 	 	
	total construction cost = 109 million
        yuan RMB

	 	 	
	allowance = 109*5% million yuan RMB

	 	 	When actual construction cost contribution
        is more than 95% of total construction cost, actual construction cost
        contribution is treated as 100% contribution. 

	4.5 	 Both parties agree if the construction cost
        is more than the budget (240 million Yuan) according to the feasibility
        study, the extra cost shall be financed by the Company. If the construction
        cost is less than 240 million Yuan, the saving shall be treated as accumulation
        fund of the Company or for other business both parties agree.

	 	 	 
	4.6 	 The total investment of the Company is 240
        million Yuan which will be used for the construction of 5000 tonnes per
        year of lithium carbonate and by products (sodium borate) according to
        the feasibility study including:

	 	 	 
		(1) 	 Production facilities and living facilities such as
        solarization cell, crystallization cell, dam and pump station near DXC
        salt lake.

		(2) 	 Further geological exploration works for hot spring,
        dam, salt field and crystallization cell.

		(3) 	 Feasibility study for diatomite application as isolating
        material near salt lake.

		(4) 	 Construct or purchase the purification plant for lithium
        chemical plant (Fenyijiang Lithium Plant in Jiangxi province of China
        will be first considered).

		(5) 	 Other business and projects that the Company decides.

3 

	4.7 	 Both parties shall sign the Cooperative Contract
        and Articles for the Company according to the principle of this agreement
        and submit the application for setting up the Company to Tibet and Central
        government of China.

	 	 	 
	4.8 	 The board of directors of the Company will
        be set up at the day of business license issuance. The board of directors
        is the highest authority of the company and will decide all major affairs
        for the Company.

	 	 	 
	4.9 	 The board of directors shall consist of five
        members. Party A will appoint three members and Party B will appoint two
        members.

	 	 	 
	4.10 	 Party A will appoint chairman and Party B
        will appoint vice chairman. The term of chairman and vice chairman will
        be four years from the day of appointment. The chairman and vice chairman
        can be reappointed.

	 	 	 
	4.11 	 The chairman is the legal person of the Company.
        If chairman cannot take responsibility, vice chairman or other director
        appointed by the chairman can temporarily take the rights of legal person.

	 	 	 
	4.12 	 If a seat on the Board is vacated by the retirement,
        removal, resignation, illness, disability or death of a Director, the
        Party that originally appointed such Director may appoint a successor
        to serve out such Director’s term. Either party may, at any time,
        remove any director appointed by this Party with immediate effect by giving
        written notice to the other Party.

	 	 	 
	4.13 	 The Board shall convene at least one (1) meeting
        every year. The meeting shall be hosted by the Chairman. Through one third
        (1/3) or more directors’ motion, Chairman can call the special meeting.

	 	 	 
	4.14 	 The meeting shall be hosted by the chairman.
        If chairman does not attend the meeting, vice chairman hosts the meeting.
        If a director cannot attend any meeting, the director can authorize the
        other person to attend the meeting and vote in the meeting. The authorization
        letter shall be delivered to the chairman before or at the meeting.

	 	 	 
	4.15 	 Two third (2/3) of directors or
        authorized persons shall stand the minimum quorum for the board meeting.
        If the quorum does not meet the minimum, chairman can call another meeting.
        If the quorum still can not meet the minimum but at least one director
        comes from the other party, with unanimous approval of the directors attending
        the meeting, the board still can make decision on the major issues for
        the Company. Unless the Parties agree, the directors shall be given a
        minimum of thirty (30) days written notice of a Board meeting.  Directors
        shall, within seven (7) days upon receipt of such notice, confirm in writing
        whether they will or will not attend the meeting. If a Director does not
        confirm whether he or she will attend the meeting and does not attend
        the meeting in person or by proxy, that Director shall be deemed abstained
        from the meeting.

	 	 	 
	4.16 	 Unanimous consent of all the directors or
        authorized persons shall be required for the following matters.

		(a) 	 Amendment of the Contract and Articles for the Company;

		(b) 	 Termination of the Contract, and dissolution and liquidation
        of the Company;

		(c) 	 Increase or decrease of registered capital of the Company
        or transferring of all or part of interest by each party;

		(d) 	 Merger with or acquisition by other economic entity
        or entities;

		(e) 	 Any mortgage or pledge of assets of each party;

		(f) 	 Extension of Cooperative period;

		(g) 	 Any mortgage of pledge of assets of the Company

	 	 	 
	4.17 	 All other resolutions shall be approved by
        majority directors or authorized persons attending the board meeting.

	 	 	 
	4.18 	 At each meeting, the board of directors shall
        appoint a secretary to record complete and accurate meeting minutes. All
        meeting notices, agenda and power of attorneys shall be kept as files.
        The meeting minutes approved are the final decision for the agenda.

	 	 	 
	4.19 	 Any motions that request approval of board
        of directors and have obtained approval of all directors in writing and
        such writing approvals have been kept in the files can be acted without
        meeting.

4 

	4.20 	 The writing resolution signed by all directors
        shall have the same effectiveness as the resolutions passed on the formal
        meeting of board of directors. The writing resolution signed by the directors
        no less than legal quorum for the board meeting shall have the same legal
        effectiveness as the resolutions passed by majority directors on the formal
        meeting of board of directors.

	 	 	 
	4.21 	 The Company shall set up management organization
        in charge of daily management works. This organization shall report to
        the board of directors and be under the leadership of the board of directors.
        The director of the Company can take any position in the Company.

	 	 	 
	4.22 	 There are one general manager and two to three
        vice general managers. General manager and vice general managers shall
        be appointed by the board of directors. The term is four year. The managers
        may be reappointed by the board of directors.

	 	 	 
	4.23 	 The responsibilities of the general manager:

	 	 	 
		(a) 	 Follow the board resolutions and report to the board
        of directors;

		(b) 	 In charge of operation and management of the Company;

		(c) 	 Decide the duties of vice general managers, chief accountant,
        chief engineer and other senior managers, and submit such contents to
        the board of directors for the approval; monitor their works;

		(d) 	 Decide the duties of department manager and appoint
        department manager, and monitor their works;

		(e) 	 Report annual working report and working plan for next
        year to the board;

		(f) 	 Decide the finance management policy, human resource
        policy and information disclosure policy;

		(g) 	 Set up the organizations approved by the board of directors;

		(h) 	 Put forward the suggestions to improve the operation
        of the Company;

		(i) 	 Other jobs assigned by the board

	 	 	 
	4.24 	 The responsibility of vice general manager
        is to assist general manager to operate the company. When general manager
        cannot take the responsibilities, vice general manager can take rights
        according to the authorization of general manager.

	 	 	 
	4.25 	 Without consent of the board, general manager,
        vice general managers, chief accountant, chief engineer and other senior
        employees cannot take the position at other companies at the same time.

	 	 	 
	4.26 	 The Company shall make the accounting system
        according to the related laws and regulations of China and such system
        shall be approved by the board of directors.

	 	 	 
	4.27 	 Each party has right at any time to audit
        the accounts and book keeping records at its own cost. However, such party
        shall reasonably give the notice to the Company and such action shall
        not affect the operation of the Company. The Company shall fully cooperate
        with auditors sent by each party.

	 	 	 
	4.28 	 The Company shall pay all taxes and fees according
        to “Corporate Tax Law of Foreign Investment Enterprises in People’s
        Republic of China”, “Implementation regulations of Corporate
        Tax Law of Foreign Investment Enterprises in People’s Republic of
        China”, VAT, consuming tax, operation tax and other taxes applicable
        to the Company.

	 	 	 
	4.29 	 Both parties shall do their best to help the
        Company to apply and obtain the best tax treatment and deduction.

	 	 	 
	4.30 	 The board shall decide the profits after tax
        distributed to each party according to their interests as a resolution
        within 90 days after each fiscal year ends.

	 	 	 
	4.31 	 The Company shall decide the recruitment,
        employment, dismissal, resignation, wages, labor insurance, welfare benefits
        and labor discipline, and other affairs according to “Labor Law of
        People’s Republic of China” and “Labor Management Regulation
        of Foreign Investment Enterprises”.

	 	 	 
	4.32 	 The wages of employees shall be decided by
        the board according to related regulations of China and stated in the
        employment agreement.

5

	4.33 	 The operation period of the Company is 20
        years from the date of business license issuance. The business license
        may be renewed after it expires according to the board resolution .

	 	 	 
	4.34 	 Termination and dissolution of the Company
        under following situations:

	 	 	 
		(a) 	 The Company has accumulated heavy losses and is economically
        unable to continue operation, and both parties cannot reach agreement
        on the adjustment;

		(b) 	 One party is unable to carry out the Company’s
        Contract and fulfill the obligations under the Contract, which causes
        that the Company is unable to continue operation.

		(c) 	 Force majeure results in heavy losses to the Company
        over six months and both parties cannot find the fair solution;

		(d) 	 Both parties unanimously agree to terminate the Company;

		(e) 	 The events may result in the termination or dissolution
        of the Company according to the Company’s contract, related laws
        and regulations;

	 	 	 
	4.35 	 If the Company terminates and dissolves according
        to article 4.34, board shall put forward dissolution principle and procedure
        and set up dissolution committee according to related Chinese laws and
        regulations to investigate the assets, debts and credits of the Company,
        compile balance sheet and dissolution plan to the board. After obtaining
        the approval from the board of directors, dissolution committee conducts
        the dissolution plan.

	 	 	 
	4.36 	 After dissolution committee finishes the work,
        dissolution committee shall put forward dissolution report and report
        to the board of directors. After obtaining the approval from approval
        authority, the board shall cancel the registration at Commercial Administration
        Bureau and surrender business license.

Article Five Proprietary Technology

	5.1 	 Party B shall contribute to the Company its Lithium
        carbonate production technology using thermal deposit. This technology
        description and related technical and economical parameters are shown
        in Attachment II.

	 	 
	5.2 	 Party B assures to surrender the technical package to
        the Company within 30 business days after business license of the Company
        is issued and assures the Company can effectively utilize the technology
        according to the patent rights transferring contract. When Party A pays
        the project deposit (1 million RMB yuan) and compiles pre- feasibility
        study or feasibility study report, Party B shall provide current information
        that the Company needs including geological report, other feasibility
        study report/research report, thermal geophysical exploration, solarization
        test report and other basic needful information.

	 	 
	5.3 	 Party B shall be in charge of training of employees
        of the Company and take effective measures to make assigned person to
        master the technology and assure the company can produce the products
        that meet the related quality standards and economic requirements.

	 	 
	5.4 	 Party B shall guarantee not transfer this technology
        as its contribution into any other companies or organizations, or transfer
        to any companies, individuals, organizations, or allow other companies,
        individuals, organizations to use related technology.

	 	 
	5.5 	 The related test results or technologies completed and
        obtained by the Company or both parties after signing this agreement shall
        be owned by the Company or both parties jointly. Without the unanimous
        consent of both parties, either party cannot apply solely patents or transfer
        to the third party.

	 	 
	5.6 	 During the early stage work of the project, Party B
        shall put forward better economical and feasible technology with the help
        of Party A, both parties agree to use the technology during the design
        and construction of the project. The technology shall be owned by both
        parties and Article 5.5 shall apply.

6

 
 Article Six Exploration Permit and Mining Permit

  

	6.1 	 Both parties agree that the Company purchases exploration
        or mining permit “the Permit” from Party B. Party A agrees to
        pay total 35 million RMB yuan to Party B according to the schedule of
        Attachment I.

	 	 
	6.2 	 Party B guarantees that the exploration permit is legal
        and valid and the number is 5400000310025. The name of the exploration
        project is Test and Comprehensive Evaluation of DXC Salt Lake Lithium
        Carbonate at Nima county of Naqu district of Tibet of China. The holder
        is Party B. The permit is valid until February 15, 2006.

	 	 
	6.3 	 Party B guarantees the completeness and validity of
        the exploration permit, guarantees there are no any mortgage, pledge on
        the permit, no any legal obstacles and restricted by other rights. The
        transfer of permit to the Company is not infringing the rights of third
        party. Whenever the Company will not be sued by third party for the Permit;
        Party B shall guarantee that the Company will not be caused by heavy losses
        due to accusation of third party.

	 	 
	6.4 	 Party B guarantees to convert the exploration permit
        into mining permit within the effective period of the exploration permit.

Article Seven Responsibilities

Except mutual responsibility of setting up the Company and purification
  plant, each party shall take following responsibilities:

	7.1 	 Responsibilities of party A:

	 	 	 
		(1) 	 Assure the construction fund and transfer fees for the
        permit in time according to the Attachment I.

		(2) 	 Assist the Company to finance the project and assure
        the project smoothly when the total investment is over 240 million RMB
        yuan or equivalent foreign currency.

		(3) 	 Provide international market information of products
        and assist the Company to build sale channel to outside of China.

		(4) 	 Other things commissioned by the Company.

		(5) 	 Provide necessary documents for setting up the Company.

	 	 	 
	7.2 	 The responsibilities of Party B:

	 	 	 
		(1) 	 Convert the exploration permit into the mining permit
        according to the requirement of this agreement and attachments and transfer
        the permit into the Company.

		(2) 	 The application for setting up the Company shall be
        immediately submitted to Chinese government after the Cooperative contract
        and articles association are signed by both parties.

		(3) 	 Convert the exploration permit into the mining permit
        within the valid period of exploration permit and cost will be paid by
        the Company. The fees related to mining permit shall be paid by Party
        B.

		(4) 	 Sending technical staff to the Company according to
        this agreement provides the related technology and assures the project
        smoothly.

		(5) 	 Provide skilled technical information and cooperate
        with design institute, provide accurate investment plan and engineering
        design plan of the project according to the progress of the project.

		(6) 	 Provide technical support to the Company, assist the
        Company to develop new products, provide samples of new products and related
        technical information to the Company.

		(7) 	 Assist the Company to obtain land right and approvals
        of construction from every department of government and assure normal
        operation of the Company.

		(8) 	 Other things commissioned by the Company.

Article Eight Other Cooperation

	8.1 	 Party A is responsible for the early cost of the Company
        and purification plant. After the Company and purification plant are set
        up; Party A shall be reimbursed for the cost.

	 	 
	8.2 	 Both parties agree to work together and try their best
        to complete setting up of the Company.

7

Article Nine Termination and Liabilities 

	9.1 	 If Party A does not pay first project deposit
        to Party B according to the attachment I under the condition that Party
        B fully honors the agreement, the agreement terminates.

	 	 	 
	9.2 	 If Party A does not pay 34 million RMB yuan
        permit transfer fees to Party B according to attachment I under the condition
        that Party B fully honors the agreement, the agreement terminates. The
        project deposit paid, early contribution and paid capital contribution
        will not be returned to Party A.

	 	 	 
	9.3 	 If Party A does not make first capital contribution
        (15 million Yuan RMB or equivalent foreign currency) to the Company according
        to Attachment I under the condition that Party B fully honors the agreement,
        the agreement terminates and the project deposits paid by Party A and
        its early contribution will not be returned to Party A.

	 	 	 
	9.4 	 After Party A pays the project deposits according
        to the attachment I, Party B breaches the agreement for transferring exploration
        permit or mining permit to any third party beyond the agreement, or any
        action or no action resulting in invalidation of exploration permit or
        mining permit, Party B shall pay back double of the project deposits paid
        and early contributions of Party A to Party A and the agreement terminates,
        which Party B shall use its exploration permit or mining permit as mortgage
        (Party B shall transfer the permit to company or individual appointed
        by Party A).

	 	 	 
	9.5 	 Under following situations and under the condition
        that Party A fully honors an agreement, Party B shall pay double of project
        deposits paid and early contributions and the agreement terminates, which
        Party B shall uses the exploration permit or mining permit as mortgage
        (Party B shall transfer the permit to company or individual appointed
        by Party A).

	 	 	 
		(1) 	 Cannot apply the mining permit or transfer the mining
        permit into the Company according to Attachment I.

		(2) 	 The Company is not set up due to the reasons of Party
        B and Party B does not submit the application for setting up the Company
        according to the requirements of this agreement.

		(3) 	 The requirements over the agreement from Party B result
        in disagreement of the Cooperative contract and articles of association
        for the Company.

	 	 	 
	9.6 	 Party B guarantees the Company to legally
        utilize lithium carbonate production using thermal deposit technology,
        guarantees that the Company does not infringe the rights of any third
        party. If the Company is sued by the third party; Party B shall take all
        responsibilities and costs for the lawsuit. If the Company loses the lawsuit;
        Party B shall pay entire penalties to the third party to ensure that the
        Company does not take any loss due to lawsuit of the third party.

	 	 	 
	9.7 	 Party B shall guarantee the feasibility and
        economy of its technology. If the technical and economic requirements
        cannot meet the requirements in Attachment II, Party B shall compensate
        the economic loss of Party A. Under following conditions, Party B shall
        surrender all its interest in the Company:

	 	 	 
		(1) 	 The final lithium products cannot meet the highest national
        industrial standards (more than grade I)

		(2) 	 The total cost of final lithium products is over 15%
        of the requirement in Attachment II.

		(3) 	 The capacity is reduced by over 15% under the investment
        scale of this agreement.

	 	 	 
	9.8 	 Party B guarantees the validity of exploration
        permit. The transfer of this exploration permit is not affected by the
        third party. If the Company is sued by the third party, Party B shall
        take all responsibilities and costs for lawsuit. If the Company loses
        the lawsuit, Party B shall pay entire penalties to the third party to
        ensure that the Company does not have any loss due to lawsuit of the third
        party. Party B guarantees DXC has 900,000 tonnes of lithium carbonate
        and the average grade is 0.4 gram/litre Li according to the Chinese national
        geological standard.

	 	 	 
	9.9 	 If Party A does not contribute the funds according
        to this agreement under the condition that Party B fully honors an agreement,
        and result in the project unable to move ahead, Party A shall compensate
        the economic loss of Party B, and pay the interest to the Company at 1%
        monthly interest rate until the contribution is fully paid.

8

Article Ten Confidentiality

	10.1	Both parties agree that the information obtained
        for other party due to signing this agreement, except its management team,
        employees and consultants (“representative”), either party shall
        not disclose to any persons.

	 	 
	10.2	If the agreement is terminated or dissolved, the
        party providing information shall have right to ask the receiving party
        to return the related information. If the materials are unable to return,
        the receiving party shall delete or remove the information and has not
        rights to disclose to any third party for the economic benefits. 

	 	 
	10.3	Each party shall inform managers, employees and other
        representatives to abide by this agreement. Each party has obligation
        to request its managers, employees or representative to follow the confidentiality
        obligation under this agreement.

	 	 
	10.4 	The articles is not applicable under the following
        conditions: a) by law or regulations; b) by government agencies and security
        commission.

	 	 
	10.5	The confidentiality information includes the information
        provided by both parties, the Company and purification plant at any forms.

Article Eleven Force Majeure

	11.1 	 “Force Majeure” means all predictable or un-predictable
        events that occur after this agreement is signed, which are beyond the
        control of each party, unavoidable and insurmountable. Such events make
        either party or both parties cannot fulfill the entire or part of the
        obligations. Such events include war, earthquake, explosion, flood, fire,
        typhoons, strike, politic and economic policies of China or any other
        unavoidable and un-controllable situations.

	 	 
	11.2 	 If force majeure occurs, each party can terminate the
        obligation in this agreement (not include payment obligations to the other
        party or the Company unless this obligation is restricted by the force
        majeure too). The agreement period can be automatically extended and this
        party shall not take any responsibilities.

	 	 
	11.3 	 If the Company cannot be set up due to the politic and
        economic policy of China, all cost paid by Party A (including early contribution,
        project deposit, test fees and all other cost related to the Cooperative
        project) shall be paid back to Party A, or as Party A’s interest
        when Party B continues to develop this project, which Party B shall use
        its exploration permit or mining permit as mortgage (transferring the
        permit to the institution or individual appointed by Party A).

	 	 
	11.4 	 The party declaring force majeure shall give the written
        notice to the other party and within 30 days after the force majeure shall
        provide the full proving documentation for the force majeure. The party
        declaring force majeure shall try its best to terminate the force majeure
        and give the notice of removal of force majeure to the other party.

	 	 
	11.5 	 When force majeure occurs, each party shall search fair
        measurement and try to minimize the effects of force majeure.

Article Twelve Settlement of Dispute

	12.1 	 Any dispute related to this agreement shall be solved
        through consultation of both parties. If consultation fails, each party
        may submit the dispute to China International Economic and Trade Arbitration
        Commission for arbitration.

	 	 
	12.2 	 The arbitration shall be in Beijing. The arbitration
        is final and binds both parties. The arbitration fees including lawyer
        fees shall be charged to the breaching party.

9

	12.3 	 China International Economic and Trade Arbitration Commission
        conducts the arbitration according to its arbitration rules. China valid
        laws are applicable.

	 	 
	12.4 	 Before the settlement of the dispute, each party shall
        continue to fulfill its obligations under the other articles of the agreement
        other than the dispute articles.

Article Thirteen Miscellaneous

	13.1 	 The signing, explanation and fulfillment of this agreement
        shall be governed by the laws of the People’s Republic of China.

	 	 
	13.2 	 Without writing consent of the other party, either party
        cannot transfer its any rights and obligations to the third party under
        this agreement.

	 	 
	13.3 	 This agreement is complete and sole agreement between
        two parties, and replaces all previous agreements, memorandum of understanding
        and communications between two parties, no matter oral agreements or writing
        agreements. Any amendment for this agreement must be in writing and signed
        by authorized persons of both parties, otherwise, will be no valid and
        no binding power.

	 	 
	13.4 	 There are three copies of this agreement. Each party
        holds one copy and the Company keeps one copy.

	 	 
	13.5 	 Other issues not covered in the agreement shall be consulted
        and solved by both parties. Both parties shall sign supplement agreement
        for the other issues. The supplement agreement has the same legal binding
        force.

	 	 
	13.6 	 The agreement becomes valid after both parties sign
        it.

Party A: Micro Express Holdings Inc.

  Authorized person: Xuxin Shao

Signature: “Xuxin Shao”

Position: President

Party B: Beijing Mianping Salt Lake Research Institute

  Authorized person: Ling Zheng

Signature: “Ling Zheng”

Position: Chairman

10

Attachment I

DXC Salt Lake Project Working & Capital Schedule

Party A: Micro Express Holdings Inc.

  Party B: Beijing Mianping Salt Lake Research Institute.

  Total Investment: RMB 240,000,000 Yuan.

  Construction Scale: 5,000 tonnes per annum.

  Construction Finishing Time: Dec. 31, 2006.

	1. 	 From Sept., 2005 To Oct., 2005 :

	 	 
	1.1 	 Sign the agreement.

	1.2 	 Within two business days after the agreement is signed,
        Party A must pay RMB 1,000,000 Yuan project deposit to Party B (will be
        used as part of transfer fee for the mining permit).

	1.3 	 Within ten business days after the agreement is signed,
        Party A must open a project special account and put RMB 3,000,000 Yuan
        in this account for the project previous expenditure. Party A ensures
        that early works are funded. When special account is short of cash, Party
        A shall transfer the money into the account in time.

	1.4 	 To develop the pre-feasible study report. Party B supplies
        all technical materials to Party A, including geological report, the reference
        feasible study reports and research reports of other salt lakes, geothermic
        geophysical report, solarization field test report, the other necessary
        materials for project feasible study.

	1.5 	 To develop the topography survey.

	1.6 	 Geothermic resources drilling work.

	1.7 	 To conduct the geological reserve report evaluation
        and start the mining permit application (the reserve report shall be audited
        and approved by Chinese authority and will be used as basis for the evaluation
        of pre-feasibility study report).

	1.8 	 The other necessary work.

	 	 
	2. 	 From Nov., 2005 To Feb., 2006 :

	 	 
	2.1 	 To sign the cooperation contract and application for
        the Cooperative proposal.

	2.2 	 To develop the lithium carbonate thermal deposit technology
        tests.

	2.3 	 To conduct the feasible study according to the tests
        results of the lithium carbonate thermal deposit technology and environmental
        impact study.

	2.4 	 To establish the Company.

	2.5 	 To try to start the small scale dam building.

	2.6 	 To conduct the preliminary design.

	2.7 	 Within 30 business days after the Company has obtained
        the business license, Party A wires RMB 15,000,000 Yuan or equivalent
        foreign currency to the Company as registered capital. The contribution
        date is recorded as wiring out date.

	2.8 	 Party B changes the exploration permit into the mining
        permit, the necessary expenditure will be paid from the project special
        account (The fees related to mining permit shall be paid by Party B.).
        Within two months after the Company to be established Party B must transfer
        the mining permit into the Company.

	2.9 	 Within 20 days after the Company gets the mining permit,
        the Company must pay RMB 34,000,000 Yuan to Party B, the RMB 34,000,000
        Yuan is wired by Party A.

	2.10 	 Before Party A pays 34 million Yuan RMB to Party B for
        the mining permit, corporate seal is kept by Party B. Financial seal is
        kept by Party A. In the bank, there will be two signature seals, each
        party keeps one seal. After party A pays 34 million Yuan RMB to Party
        B, both seals shall be returned to the Company and kept according to the
        rules of the Company. During this period, both parties have agreed that
        using seals for the engineering construction and management of the Company
        will not be affected. If the Company need sign any contracts and legal
        documents, the contracts and legal documents must be signed by the legal
        person of the Company and stamped with the corporate seal. Otherwise,
        the breaching party will bear the legal or economic result.

	 	 
	3. 	 From March 2006 To December 2006:

	 	 
	3.1 	 From March to June, detail design

11

	3.2 	 To start the project construction from May.

	3.3 	 To complete the project construction to the end of October.

	3.4 	 Party A assures the input of the registered capitals
        and project construction cost in time.

	3.5 	 Lithium purification plant construction or to purchase
        or to reform one existing plant.

	 	 
	4. 	 To put into production on 2007.

In the event the above-mentioned schedule is conflicted to the
  test researches and project design, the above schedule will be accordingly adjusted.

12

Attachment II

The Main Technical & Economic Parameters for The Lithium
  Carbonate Thermal Deposit Technology

	1. 	 The main content of the lithium carbonate thermal deposit
        technology:

	 	 
	1.1 	 The patent using right of the solar pool lithium deposit
        technology held by Party B. ( Patent No. ZL 02 1 29355.4 and ZL 99 1 05828.3)

	1.2 	 The existing know-how techniques and materials of the
        lithium carbonate thermal deposit technology held by Party B.

	1.3 	 The use right of geothermal resources (the Company shall
        apply the permit in Tibet and Party B and Party B’s associated companies
        shall not charge any fees).

	 	 
	2. 	 The main technical parameters:

	 	 
	2.1 	 The lithium carbonate concentration of the salt lake
        lithium concentrate must get to 65% (less limit 5% )

	2.2 	 The final lithium carbonate products must reach the
        national industrial standard (more than grade I).

	 	 
	3. 	 The main economic parameters:

	 	 
	3.1 	 The product cost of salt lake lithium concentrate is
        less than RMB 7,000 Yuan/t(not more than 5%) including the bagging the
        concentrate (The calculation is based on the price index of 2005).

	3.2 	 The final lithium salt products’ costs are from
        RMB 10,500 Yuan/t to RMB 11,000 Yuan/t (the calculation is based on the
        price index of 2005).

	3.3 	 Within the total investment of this agreement (not more
        than 5%), the production scale of the final lithium carbonate product
        must reach 5,000t/a, which is decided in this agreement (the calculation
        is based on the price index of 2005).

The effects of abnormal factors and local policies that affect
  operation and management shall be deduced from above economic parameters. 

13ASSIGNMENT AND ASSUMPTION
                              OF
                      PURCHASE AGREEMENT

      THIS  ASSIGNMENT made and entered into this 22nd day  of
August,  2005,  by  and between AEI FUND MANAGEMENT,  INC.,  a
Minnesota  corporation, ("Assignor") and AEI INCOME  &  GROWTH
FUND  23  LLC,  a  Delaware limited liability  company,  whose
corporate general partner is AEI Fund Management, XXI, Inc., a
Minnesota corporation, AEI ACCREDITED INVESTOR FUND  V  LP,  a
Minnesota limited partnership, whose corporate general partner
is  AEI  Fund Management XVIII, Inc., a Minnesota corporation,
and  AEI ACCREDITED INVESTOR FUND 2002 LIMITED PARTNERSHIP,  a
Minnesota limited partnership, whose corporate general partner
is AEI Fund Management XVIII, Inc., a Minnesota corporation;

     WITNESSETH, that:

     WHEREAS, on the 1st day of August, 2005, Assignor entered
into  an Purchase Agreement  (hereinafter referred to  as  the
"Agreement")  for that certain property located at  555  Jamil
Road,  Columbia,  South Carolina which  is  more  particularly
described  within  the  Agreement,  (the  "Property)  with  CM
Columbia  SC,  LLC, a Delaware limited liability  company,  as
Seller; and

      WHEREAS,  Assignor desires to assign  to  AEI  Income  &
Growth  Fund 23 LLC, an undivided thirteen and a half  percent
(13.5%)  interest  as  a  tenant  in  common,  AEI  Accredited
Investor Fund V LP, an undivided forty-five percent (45%) as a
tenant  in  common,  and  AEI Accredited  Investor  Fund  2002
Limited Partnership, an undivided forty-one and a half percent
(41.5%)  (together  referred  to  as  the  "Assignee)  all  of
Assignor's  rights, title and interest in, to  and  under  the
Agreement  regarding  the  Property and  Assignee  desires  to
assume all of Assignor's rights, title and interest in, to and
under  the  Agreement  regarding the Property  as  hereinafter
provided;

     NOW, THEREFORE, for One Dollar ($1.00) and other good and
valuable   consideration,   receipt   of   which   is   hereby
acknowledged,  it  is  hereby agreed between  the  parties  as
follows:

     1.   Assignor assigns all of its rights, title and interest
          in, to and under the Agreement regarding the Property to
          Assignee, to have and to hold the same unto the Assignee, its
          successors and assigns;

     2.   Assignee hereby assumes all rights, promises, covenants,
          conditions and obligations under the Agreement regarding the
          Property to be performed by the Assignor thereunder, and
          agrees to be bound for all of the obligations of Assignor
          under the Agreement;

All  other terms and conditions of the Agreement shall  remain
unchanged and continue in full force and effect.

ASSIGNOR:

AEI FUND MANAGEMENT, INC.,
a Minnesota corporation

By:     /s/ Patrick Keene
     Name:  Patrick Keene
     Title: Secretary & Treasurer

ASSIGNEE:

AEI INCOME & GROWTH FUND 23 LLC,
a Delaware limited liability company

By:  AEI Fund Management XXI, Inc.,
     a Minnesota corporation, its Managing Member

By:      /s/ Patrick Keene
     Name:   Patrick Keene
     Title:  Secretary & Treasurer

AEI ACCREDITED INVESTOR FUND V LP,
a Minnesota limited partnership

By:  AEI Fund Management XVIII, Inc.,
     a Minnesota corporation, its General Partner

By:      /s/ Patrick Keene
     Name:   Patrick Keene
     Title:  Secretary & Treasurer

            [SIGNATURES TO FOLLOW ON THE NEXT PAGE]

AEI ACCREDITED INVESTOR
FUND 2002 LIMITED PARTNERSHIP,
a Minnesota limited partnership

By:  AEI Fund Management XVIII, Inc.,
     a Minnesota corporation, its General Partner

By:     /s/ Patrick Keene
     Name:  Patrick Keene
     Title: Secretary & Treasurer

                     PURCHASE AGREEMENT

              CarMax, Columbia, South Carolina

      This Purchase Agreement (as amended from time to time,
this  "Agreement")  entered into and  effective  as  of  the
1st  day of August, 2005, by and between CM Columbia  SC,
LLC, a Delaware limited liability company (the "Seller") and
AEI  Fund Management, Inc., a Minnesota corporation, or  its
assigns (the "Buyer").

1.    PROPERTY.  Seller holds an undivided 100% interest  in
the   fee  title  to  that  certain  real  property  legally
described  in  the  attached  Exhibit  "A"  (the  "Parcel").
Seller  wishes  to  sell and Buyer wishes  to  purchase  the
Parcel  and  all  improvements (the "Improvements")  on  the
Parcel  (the  Parcel and the Improvements collectively,  the
"Property").

2.    LEASE.   The  Property is being  sold  subject  to  an
existing Lease of the Property, dated February 24, 2005 (the
"Lease"), by and between Seller, as lessor, and CarMax, Inc.
as  lessee  (the "Lessee").  Buyer shall have the  right  to
review  and  approve such Lease during the First Contingency
Period, in Buyer's sole discretion.

3.   CLOSING DATE.  The closing date on the Buyer's purchase
of the Property shall be on or before August 30, 2005, or 10
days   from   the  delivery  of  the  Second  Due  Diligence
documents,  if any should be occasioned as set forth  below,
whichever is later (the "Closing Date").

4.   PURCHASE PRICE.  The purchase price for the Property is
$13,175,000.   If  all  conditions  precedent   to   Buyer's
obligations  to  purchase have been satisfied,  Buyer  shall
deposit  the  Purchase Price in cash with  a  title  company
acceptable  to Buyer as described in Article 6  hereof  (the
"Closing Agent") on the Closing Date.

      Within two (2) business days of full execution of this
Agreement  by all parties, Buyer will deposit $100,000  (the
"Earnest Money") in an interest bearing escrow account  with
First  American Title Insurance Company, 1900 Midwest  Plaza
West,  801  Nicollet  Mall,  Minneapolis,  MN   55402   (the
"Closing Agent"). The Earnest Money will be credited against
the  Purchase Price paid by Buyer at closing when and if the
transaction  contemplated herein  closes  and  the  sale  is
completed.   The accrued interest will be paid to  Buyer  at
closing  when  and  if  the transaction contemplated  herein
closes  and  the sale is completed.  In all other  instances
interest is to be paid to Buyer.

      The  balance of the Purchase Price in cash  is  to  be
deposited  by Buyer into an escrow account with the  Closing
Agent on the Closing Date.

5.    ESCROW.   Escrow shall be opened by  Seller  with  the
Closing  Agent  upon  execution of this Agreement.  A  fully
executed  copy  of this Agreement will be delivered  to  the
Closing   Agent   by  Seller  and  will  serve   as   escrow
instructions   together  with  any  additional  instructions
required   by  Seller  and/or  Buyer  or  their   respective
counsels.   Seller  and Buyer agree to  cooperate  with  the
Closing   Agent   and   sign  any  additional   instructions
reasonably  required by the Closing Agent to  close  escrow.
If  there is any conflict between any other instructions and
this Agreement, this Agreement shall control.

6.    TITLE.   Buyer shall order, coincident with notice  to
Buyer  of  the  deposit of the copy of this  fully  executed
Purchase Agreement with Closing Agent, a commitment  for  an
ALTA  Owner's  Policy  of Title Insurance  (ALTA  owner-most
recent  edition)  issued by the Closing  Agent  (the  "Title
Company"),  insuring  marketable  title  in  the   Property,
subject  only  to  such  matters as Buyer  may  approve  and
contain  such  endorsements as Buyer may  require  that  are
available  for  a  property  in  South  Carolina,  including
extended  coverage and owner's comprehensive  coverage  (the
"Title Commitment").  The Title Commitment shall show Seller
as  the present fee owner of the Property and show Buyer  as
the fee owner to be insured.

The Title Commitment shall also include:

      (a)   an  itemization of all outstanding  and  pending
special assessments and an              itemization of taxes
affecting  the  Property  and the tax  year  to  which  they
relate;

      (b)  shall state whether taxes are current and if not,
show the amounts unpaid;

     (c)  the  tax parcel identification numbers and whether
          the  tax  parcel includes property other than  the
          Property to be purchased.

      All easements, restrictions, documents and other items
affecting title shall be listed in Schedule "B" of the Title
Commitment.    Copies  of  all  instruments  creating   such
exceptions must be attached to the Title Commitment.

      Buyer  shall be allowed ten (10) business  days  after
receipt of the Title Commitment and copies of all underlying
documents  for examination and the making of any  objections
thereto,  said  objections to be made in writing  or  deemed
waived.  If any objections are so made, the Seller shall  be
allowed thirty (30) days to cure such objections or  in  the
alternative  to  obtain  a commitment  for  insurable  title
insuring over Buyer's objections.  If Seller shall decide to
make no efforts to cure Buyer's objections, or is unable  to
obtain  insurable title within said thirty (30) day  period,
this  Agreement  shall be null and void and  of  no  further
force  and effect (and the Earnest Money and interest  shall
be  returned in full to Buyer immediately and neither  party
shall  have any further duties or obligations to  the  other
hereunder).

      The  Buyer shall also have five (5) business  days  to
review  and  approve  any easement, lien,  hypothecation  or
other  encumbrance placed of record affecting  the  Property
after  the  date of the Title Commitment. If necessary,  the
Closing  Date  shall  be  extended by  the  number  of  days
necessary  for the Buyer to have five (5) business  days  to
review  any  such items.  Such five (5) business day  review
period shall commence on the date the Buyer is provided with
a  legible copy of the instrument creating such exception to
title.

     The  Seller  agrees  to inform the Buyer  of  any  item
executed  by  the  Seller  placed of  record  affecting  the
Property  after  the date of the Title Commitment.   If  any
objections  are so made, the Seller shall be allowed  thirty
(30)  days to cure such objections or in the alternative  to
obtain  a  commitment  for  insurable  title  insuring  over
Buyer's  objections.   If Seller shall  decide  to  make  no
efforts  to cure Buyer's objections, or is unable to  obtain
insurable  title  within said thirty (30) day  period,  this
Agreement shall be null and void and of no further force and
effect (and the Earnest Money and interest shall be returned
in  full  to Buyer immediately and neither party shall  have
any further duties or obligations to the other hereunder).

7.    SITE  INSPECTION.  As a condition precedent to Buyer's
obligations  hereunder, the Property shall be inspected  and
approved  by  Buyer,  in  Buyer's  sole  discretion.    Said
inspection shall be completed within 10 business  days  from
the  date the last party hereto executes this Agreement, and
shall  be  subject to the requirements and  limitations  set
forth in the Lease.

8.   DUE DILIGENCE AND CONTINGENCY PERIODS.

8.01  FIRST  DUE  DILIGENCE DOCUMENTS AND FIRST  CONTINGENCY
PERIOD.   Buyer  shall have until the end of  the  fifteenth
(15th)  business day after the delivery of the last  of  the
First  Due  Diligence  Documents, as described  below,  (the
"First   Contingency  Period")  to  conduct   all   of   its
inspections,  due  diligence and review  to  satisfy  itself
regarding each item set forth below, the Property  and  this
transaction.  The following Due Diligence Documents  are  to
be   delivered   by  Seller  at  Seller's  expense   (unless
specifically designated herein to be obtained by Buyer), and
such documents to be of current or recent date and certified
to Buyer where so indicated, or otherwise the most recent of
such item in Seller's possession,:

     (a)  Seller's existing Title Policy;

     (b)  Seller's existing ALTA boundary survey of the Property
          (any update of the same shall be done by Buyer at Buyer's
          expense within the first five business days after mutual
          execution of this Agreement); Buyer shall have fifteen
          business days from receipt of the updated survey to review
          and approve any changes to the survey not reflected on the
          Seller's existing survey.

     (c)   Copies  of  the  Lease  and  all  amendments  and
     assignments thereto;

     (d)  Seller's existing Phase I environmental assessment
          report and letter from the company preparing  such
          report allowing Buyer to rely on the same;

     (e)  Copies  of  the  certificates  for  the  insurance
          polices for Lessee as required by the Lease;

     (f)  Final    plans   and   specifications   for    the
          Improvements, if in Seller's possession;

     (g)    Soils report, if in Seller's possession;

     (h)        Certificate of Occupancy from the  governing
          municipality and, if in Seller's possession, Certificate of
          Substantial Completion executed by the project architect
          and/or general contractor for the Improvements;

     (i)       Proposed Limited Warranty Deed;

     (j)       Copy of most recent Real Estate Tax Statement, if
          in Seller's possession; and

     (k)       Copies of all warranties, and assignments thereof
          to Buyer and/or Lessee, issued to or required to be provided
          to Lessee as designated in the Lease, if any.

      (All of the above described documents (a) through  (k)
are   hereinafter  collectively  the  "First  Due  Diligence
Documents").

      After  receipt and review of the First  Due  Diligence
Documents or after Buyer's inspection of the Property, Buyer
may  cancel  this  Agreement for  any  reason  in  its  sole
discretion  by  delivering  a  cancellation  notice,  return
receipt requested, to Seller and Closing Agent prior to  the
end  of the First Contingency Period (and the Earnest  Money
(less  the  One  Hundred  Dollar Option  consideration)  and
interest shall be returned in full to Buyer immediately) and
neither  party shall have any further duties or  obligations
to  the  other  hereunder.   Such  notice  shall  be  deemed
effective upon receipt by Seller.

8.02  FORM  OF CLOSING DOCUMENTS.  Prior to the end  of  the
First  Contingency Period, Seller and Buyer shall  agree  on
the form of the following documents to be delivered to Buyer
on  the  Closing Date by Seller as set  forth in Article  14
hereof:

     (a)  Limited warranty deed;

     (b)  Seller's Affidavit;

     (c)  FIRPTA Affidavit;

     (d)  Assignment and Assumption of the Lease;

     (e)       Assignment of warranties from the party or parties
          constructing the Improvements on the Property, if Seller has
          any such warranties in its possession, and if such
          warranties are not assignable on their face, the written
          consents of the assignments thereof by the party giving the
          warranty from the party or parties constructing the
          Improvements on the Property;

     (f)       Estoppel from Lessee;

     (g)        Indemnity  of Seller in favor of Buyer  over
          representations and warranties, if any  for  which
          the  Landlord is liable under the Lease  prior  to
          the Closing Date;

In  the  event  that Seller and Buyer do  not  reach  mutual
agreement  on the form of the above described documents  (a)
through  (g)  prior  to  the end of  the  First  Contingency
Period, this Agreement may be terminated by either Seller or
Buyer  and the Earnest Money and interest shall be  returned
in  full  to  the Buyer immediately and neither party  shall
have   any  further  duties  or  obligations  to  the  other
hereunder.

8.03  SECOND  DUE DILIGENCE DOCUMENTS AND SECOND CONTINGENCY
PERIOD.   As  soon as available, but in any event  no  later
than  at  least ten (10) business days prior to the  Closing
Date (the "Second Contingency Period"), Seller shall deliver
to Buyer the following items for review and acceptance:

     Any  documents  or  written summary of  facts  actually
     known  to  Seller  that  materially  change  or  render
     incomplete, invalid, or inaccurate any of the First Due
     Diligence Documents (collectively, if any, the  "Second
     Due Diligence Documents").

      Buyer  shall  have the Second Contingency  Period,  if
occasioned   by   the  delivery  of  Second  Due   Diligence
Documents, to examine and to accept only the above-described
Second  Due Diligence Documents.  After Buyer's receipt  and
review  of  the  Second Due Diligence Documents,  Buyer  may
cancel  this  Agreement if any of the Second  Due  Diligence
Documents  are  not  acceptable  to  Buyer,  in   its   sole
discretion, by delivering a cancellation notice, as provided
herein, to Seller and Closing Agent prior to the end of  the
Second  Contingency  Period. Such  notice  shall  be  deemed
effective  upon  receipt by Seller. If Buyer  so  terminates
this  Agreement, the Earnest Money shall be returned in full
to Buyer immediately and thereafter neither party shall have
any further duties or obligations to the other hereunder.

       It   shall  be  a  condition  precedent  to   Buyer's
obligations  to  close hereunder that  there  have  been  no
material   changes  in  any  of  the  material   information
reflected  in the First (or Second Due Diligence  Documents,
if  any)  after  the  date of such  document  and  prior  to
closing.

      Until this Agreement is terminated or the Closing  has
occurred, whichever is earlier, the Seller shall deliver  to
the  Buyer  any  documentation that comes  in  the  Seller's
possession  that  modifies any of the First  or  Second  Due
Diligence  Documents, including the Lease, or  could  render
any   of   the  First  or  Second  Due  Diligence  Documents
materially and adversely inaccurate, incomplete or  invalid.
The  Buyer shall, in any event, have five (5) business  days
before the Closing Date to review any such document and,  if
necessary, the Closing Date shall be extended by the  number
of  days  necessary for the Buyer to have five (5)  business
days to review any such document or documents.

9.    CLOSING COSTS.  Buyer shall pay all costs of  closing,
including,  but not limited to, the owner's title  insurance
policy,  recording  fees, escrow  fees,  the  costs  of  the
updating and certifying all Due Diligence Documents,  unless
otherwise  designated  herein to be paid  by  Seller.   Each
party  will  pay  its  own attorneys'  fees  to  close  this
transaction. Seller shall pay 100% of any commission owed to
Marcus  &  Millichap  or any broker claiming  through  their
representation of Seller.

10.   REAL  ESTATE TAXES AND ASSESSMENTS.  Seller represents
to Buyer that to its actual knowledge, all real estate taxes
and  installments of special assessments due and payable  on
or before the Closing Date have been or will be paid in full
as of the Closing Date. (It is understood between Seller and
Buyer that all unpaid levied and pending special assessments
are  paid  by the Lessee and shall be the responsibility  of
the Lessee under the Lease after the Closing Date.)

11.  PRORATIONS. The Buyer and the Seller, as of the Closing
Date,  shall  prorate: all Basic Rent  (as  defined  in  the
Lease) due under the Lease.

12.    SELLER'S  REPRESENTATIONS  AND  WARRANTIES.    Seller
represents and warrants as of this date that:

     (a)  Except  for  this  Agreement,  the  Lease  between
          Seller and Lessee and the assignment by Lessee  of
          the Lease to CarMax Auto Superstores, Inc., it has
          no  actual  knowledge of any other  agreements  or
          leases with respect to the Property;

     (b)  Seller  has  all requisite power and authority  to
          consummate  the transaction contemplated  by  this
          Agreement  and  has  by  proper  proceedings  duly
          authorized  the  execution and  delivery  of  this
          Agreement  and the consummation of the transaction
          contemplated hereunder;

     (c)  It  does  not  have  any actual knowledge  of  any
          actions   or  proceedings  pending,  which   would
          materially  affect the Property or Lessee,  except
          matters  fully  covered by insurance  and  matters
          that are public information.;

     (d)  The  consummation of the transactions contemplated
          hereunder,  and the performance of this  Agreement
          and  the delivery of the limited warranty deed  to
          Buyer,  will  not  result in  any  breach  of,  or
          constitute  a  default under,  any  instrument  to
          which Seller is a party or by which Seller may  be
          bound or affected;

     e)   All   of   Seller's  covenants,  agreements,   and
          representations made herein, and in  any  and  all
          documents which may be delivered pursuant  hereto,
          shall  survive the delivery to AEI of the  limited
          warranty  deed  and other documents  furnished  in
          accordance with this Agreement, and the  provision
          hereof  shall continue to inure to Buyer's benefit
          and its successors and assigns;

     (f)       To Seller's actual knowledge, the Property is
          substantially undamaged by fire and other hazards, and has
          not been made the subject of any condemnation proceeding;

     (g)  Seller  has no actual knowledge that the  use  and
          operation  of the Property violates any applicable
          local,   state   and  federal  laws,   ordinances,
          regulations  and  requirements  in  any   material
          respect, including applicable environmental laws;

     (h)  Seller  has  no actual knowledge of any proceeding
          or  inquiry  by  any governmental  authority  with
          respect to the presence of hazardous materials  on
          the   Property  or  the  migration  of   hazardous
          materials from or to other property;

     (i)  These   Seller's  representations  and  warranties
          shall  be deemed to be true and correct as of  the
          Closing Date, except to the extent Seller notifies
          Buyer  otherwise  prior to the Closing  Date.   If
          Seller  shall  notify Buyer of  a  change  in  its
          representations  and  warranties  prior   to   the
          Closing  Date,  then  Buyer  shall  get  five  (5)
          business  days to review such change and terminate
          this  Purchase Agreement if Buyer deems necessary.
          This provision shall survive the closing;

     (j)  Seller  represents  and warrants  the  transaction
          contemplated herein does not represent a fraudulent
          conveyance.

13.    BUYER'S   REPRESENTATIONS  AND   WARRANTIES.    Buyer
represents and warrants to Seller that:

     (a)  Buyer  has  all requisite power and  authority  to
          consummate  the transaction contemplated  by  this
          Agreement  and  has  by  proper  proceedings  duly
          authorized  the  execution and  delivery  of  this
          Agreement  and the consummation of the transaction
          contemplated  hereunder;  Buyer has not  used  the
          services of any broker whose commission payment is
          not accounted for herein.

     (b)  Neither   the  execution  and  delivery  of   this
          Agreement  nor the consummation of the transaction
          contemplated  hereunder  will  violate  or  be  in
          conflict with any agreement or instrument to which
          Buyer is a party or by which Buyer is bound;

     (c)  These Buyer's representations and warranties shall
          be deemed to be true and correct as of the Closing
          Date and shall survive the closing.

14.  CLOSING.

(a)  On or before the Closing Date, Seller will deposit into
escrow with the Closing Agent the following documents:

     (1)  A  limited  warranty deed conveying title  to  the
          Property to Buyer, in form and substance as agreed
          to  between  Seller  and Buyer  during  the  First
          Contingency Period;

     (2)  Estoppel letter from Lessee, in form and substance
          as  agreed to between Seller and Buyer during  the
          First Contingency Period;

     (2)  Affidavit  of  Seller, in form  and  substance  as
          agreed  to  between Seller and  Buyer  during  the
          First Contingency Period;

     (3)  FIRPTA  Affidavit, in form and substance as agreed
          to  between  Seller  and Buyer  during  the  First
          Contingency Period;

     (4)  Assignment  of  Lease, in form  and  substance  as
          agreed  to  between Seller and  Buyer  during  the
          First Contingency Period;

     (5)  Assignments  of  all warranties (and  the  written
          consents  of the assignments thereof by the  party
          giving  the  warranty) from the party  or  parties
          constructing the Improvements on the Property,  if
          any such warranties are in Seller's possession.

     (6)  Insurance  certificates representing the insurance
          policies of Lessee as required by the Lease;

     (7)  Copy  of  the  final unconditional Certificate  of
          Occupancy  for  the Property authorizing  Lessee's
          use and occupancy of the Property;

     (8)  Such documents as the Closing Agent may reasonably
          require  of  Seller otherwise consistent  herewith
          (it being understood that in no event shall Seller
          be  obligated  to  become liable with  respect  to
          matters for which the Lessee is responsible  under
          the Lease) to allow Closing Agent to issue a down-
          dated   title  commitment  for  an  owner's  title
          insurance   policy,  reflecting   only   permitted
          exceptions  approved  by Buyer  during  the  First
          Contingency  Period and including all endorsements
          required   by   Buyer,   with   all   Schedule   C
          requirements removed;

     (9)  Copies  of  any  and  all  certificates,  permits,
          licenses   and   other   authorizations   of   any
          governmental  body  or  authority  as  may  be  in
          Seller's possession which are necessary to  permit
          the use and occupancy of the Improvements;

     (10) Seller  indemnification from Seller to  Buyer  for
          Landlord's  representation and warranties  in  the
          Lease,  if any, to the extent related to the  time
          period prior to the Closing Date; and

     (11) The  original  Lease  and any Amendments  thereto,
          executed by all parties.

(b)   On  the Closing Date, Buyer will deposit the  Purchase
Price with the Closing Agent;

(c)  Both parties will sign and deliver to the Closing Agent
any other documents reasonably required by the Closing Agent
and/or the Title Company that are consistent with the  terms
of this Agreement.

15.  TERMINATION.  This Agreement may be terminated prior to
closing  at Buyer's option (and the Earnest Money (less  the
Option  Consideration  which  shall  not  be  returned)  and
interest returned to Buyer in full immediately) in the event
of any of the following occurrences:

     (a)  Seller  fails  to  comply with any  of  the  terms
          hereof;

     (b)  A   default   exists  in  any  material  financial
          obligation of Seller or Lessee;

     (c)  Any   representation  made  or  contained  in  any
          submission  from Seller or Lessee, or in  the  Due
          Diligence   Documents,  proves   to   be   untrue,
          substantially false or misleading in any  material
          respect at any time prior to the Closing Date that
          would  adversely  affect  the   Property  or   the
          ability of Lessee to perform its obligations under
          the Lease;

     (d)  There  has been a material adverse change  in  the
          financial  condition of Lessee that  would  affect
          their  ability to perform under the Lease or there
          shall  be  a  material action, suit or  proceeding
          pending or threatened against Seller which affects
          Seller's  ability to perform under this  Agreement
          or  against Lessee, which affects their respective
          abilities to perform under the Lease;

     (e)  Any    bankruptcy,   reorganization,   insolvency,
          withdrawal, or similar proceeding is instituted by
          or against Seller or Lessee;

     (f)  Seller or Lessee shall be dissolved, liquidated or
          wound up; and

     (g)  Lessee is not in possession of the Property and/or
          commence  paying  rent  under  the  Lease  by  the
          Closing Date; and

     (h)  Notice given by Buyer pursuant to Article 6, 7, 8,
          16 or 18 hereof.

16.  DAMAGES, DESTRUCTION AND EMINENT DOMAIN.  If, prior  to
the  Closing Date, the Property, or any part thereof, should
be  destroyed  or further damaged by fire, the elements,  or
any cause, due to events occurring subsequent to the date of
this  Agreement  (which damage exceeds 10% of  the  Purchase
Price  of  the  Property or abates payment of  rent  by  the
Lessee  or renders the Lease invalid), this Agreement  shall
become  null  and  void,  at Buyer's  option,  exercised  by
written notice to Seller within ten (10) business days after
Buyer  has  received  written notice  from  Seller  of  said
destruction  or  damage.  Seller, however,  shall  have  the
right  to  adjust or settle any insured loss until  (a)  all
contingencies  set  forth  in Article  8  hereof  have  been
satisfied, or waived; and (b) any period provided for  above
in  Article  8  hereof for Buyer to elect to terminate  this
Agreement  has  expired or Buyer has, by written  notice  to
Seller,  waived  Buyer's right to terminate this  Agreement.
If  Buyer  elects to proceed and to consummate the  purchase
despite  said  damage  or destruction,  there  shall  be  no
reduction in or abatement of the Purchase Price, and  Seller
shall assign to Buyer the Seller's right, title and interest
in  and to all insurance proceeds resulting from said damage
or  destruction to the extent that the same are payable with
respect to damage to the Property, subject to rights of  the
Lessee.

     If prior to closing, the Property, or any part thereof,
is  taken by eminent domain, (which taking delays payment of
rent  by  the  Lessee  or renders the  Lease  invalid)  this
Agreement shall become null and void, at Buyer's option.  If
Buyer  elects  to  proceed  and to consummate  the  purchase
despite  said  taking, there shall be no  reduction  in,  or
abatement of, the Purchase Price and Seller shall assign  to
Buyer  all of the Seller's right, title and interest in  and
to  any  award  made,  or to be made,  in  the  condemnation
proceeding pro-rata in relation to the Property's subject to
rights of the Lessee.

     In the event that this Agreement is terminated by Buyer
as  provided above, the Earnest Money and interest shall  be
returned  to Buyer immediately after execution by  Buyer  of
such  documents reasonably requested by Seller  to  evidence
the termination hereof.

17.  NOTICES.  All notices from either of the parties hereto
to  the other shall be in writing and shall be considered to
have  been  duly  given or served if  sent  by  first  class
certified  mail, return receipt requested, postage  prepaid,
or  by  a nationally recognized courier service guaranteeing
overnight  delivery to the party at his or its  address  set
forth  below,  or to such other address as  such  party  may
hereafter designate by written notice to the other party.
If to Seller:
          c/o SunTrust Equity Funding, LLC
          303 Peachtree Street, 24th Floor
          Mail Code 3951
          Atlanta, Georgia  30308
          Attention:  Andrew Kroll
          Phone No.:  404/658-4618

With a copy to:

          Julia R. Sarron
          Greenberg Traurig, LLP
          77 West Wacker Drive, Suite 2500
          Chicago, Illinois  60601
          Phone No.:  312/476-5005
If to Buyer:
          AEI Fund Management, Inc.
          1300 Minnesota World Trade Center
          30 E. 7th Street
          St. Paul, Minnesota 55101
          Attention:  Robert P. Johnson and George Rerat
          Phone No.: (612) 227-7333

With a copy to:
          Michael Daugherty
          Daugherty Law Firm
          30 East 7th Street, Suite 1300
          St. Paul, MN   55101

      Notice shall be deemed received 48 hours after  proper
deposit in US Mail, or 24 hours after proper deposit with  a
nationally recognized overnight courier.

18.  MISCELLANEOUS.

a.   This Agreement may be amended only by written agreement
signed by both Seller and Buyer, and all waivers must be  in
writing  and signed by the waiving party.  Time  is  of  the
essence.   This  Agreement  will not  be  construed  for  or
against  a party whether or not that party has drafted  this
Agreement.  If there is any action or proceeding between the
parties  relating  to this Agreement, the  prevailing  party
will be entitled to recover attorney's fees and costs.  This
is  an integrated agreement containing all agreements of the
parties  about the Property and the other matters described,
and  it  supersedes  any other agreement or  understandings.
Exhibits  attached  to this Agreement are incorporated  into
this Agreement.

b.    If  the  transaction contemplated hereunder  does  not
close  by the Closing Date, through no fault of Buyer, Buyer
may  either,  at  it  election,  extend  the  Closing  Date,
exercise  any  remedy available to it by law,  or  terminate
this  Agreement  (and receive its Earnest Money   (less  the
Option   Consideration)   and   interest   back   in    full
immediately).

c.    This  Agreement shall be assignable by Buyer,  at  its
option,  in  whole or in part, in such manner as  Buyer  may
determine, to an affiliate of affiliates of Buyer.

d.    The  Buyer and Seller each warrant to the  other  that
neither  party  hereto  has had any dealing  with  any  real
estate brokers or salespersons which would result in a claim
for a commission, except as otherwise set forth herein.

e.     In the event that Buyer does not deliver the Purchase
Price on the Closing Date in accordance with this Agreement,
unless  Buyer  has terminated this Agreement  prior  to  the
Closing  Date  in accordance with the terms  hereof,  Seller
shall  be  entitled  to  receive the Earnest  Money  on  the
Closing Date, free and clear of any lien or claim of Buyer.

      Buyer  is submitting this offer by signing a  copy  of
this Agreement and delivering it to Seller. Seller has until
August  5,  2005 within which time to accept this  offer  by
signing and returning this Agreement to Buyer. When executed
by  both parties, this Agreement will be a binding agreement
for  valid and sufficient consideration which will bind  and
benefit  Seller, Buyer and their respective  successors  and
assigns.

     IN WITNESS WHEREOF, Seller and Buyer have executed this
Agreement  effective  as of the day  and  year  above  first
written.

SELLER:

CM COLUMBIA SC, LLC.

By:  SunTrust Equity Funding, LLC, its manager

By: /s/ R Todd Shutley
Its:  Senior Vice President and Manager

STATE OF GA)
                  ) ss.
COUNTY OF Fulton)

     On this 1 day of Aug, 2005, before me, the undersigned,
a Notary Public in and for said State, personally appeared R
Todd  Shutley, personally known to me to be the  person  who
executed  the within instrument as the senior vice president
and manager of SunTrust Equity Funding, LLC., the manager of
CM  Columbia SC, LLC, a Delaware limited liability  company,
on behalf of said company.

                              /s/ Sarah Hughes
                                 Notary  Public
(Notary Seal)

BUYER:

AEI FUND MANAGEMENT, INC.

By: /s/ Robert P Johnson
        Robert P. Johnson, its President

STATE OF MINNESOTA  )
                    ) ss.
COUNTY OF RAMSEY    )

      On  this  1st  day  of August, 2005,  before  me,  the
undersigned,  a  Notary  Public  in  and  for  said   State,
personally Robert  P. Johnson, personally known to me to  be
the  person  who  executed  the  within  instrument  as  the
President   of  AEI  Fund  Management,  Inc.,  a   Minnesota
corporation, on behalf of said corporation.

                      /s/   Jennifer  L  Schreiner     (Notary Seal)
                              Notary Public

                         EXHIBIT "A"

                      LEGAL DESCRIPTION

All   that  certain  piece,  parcel  or  lot  of  land  with
improvements thereon, situate, lying and being in the  State
of  South  Carolina, County of Lexington, near the  City  of
Columbia  and  being shown on a plat entitled  "CarMax  Auto
Superstores, Inc." by B.P. Barber & Associates,  Inc.  dated
February  3, 2005, said plat having the following metes  and
bounds to wit:

COMMENCING   at  a  1/2"  rebar  in  3"  concrete   at   the
intersection  of  the  eastern  right-of-way  of  Chippenham
Circle  and  the  southern right-of-way  of  Jamil  Road  (a
southwestern frontage road of I-26), thence proceeding along
the  southern  right-of-way  of  Jamil  Road  the  following
courses and distances: in a direction of S84 07'24"E  for  a
distance of 90.70' to a 1/2" rebar in 3" concrete, thence in
a  direction of S26 53' 14"E for a distance of 46.20'  to  a
5/8"  rebar, and then in a direction of N76  13'36"E  for  a
distance of 76.14' to a 5/8" rebar, this being the Point  of
Beginning. Thence turning and proceeding along the  southern
right-of-way  of  Jamil  Road  the  following  courses   and
distances: in a direction of N76  13'36"E for a distance  of
39.17'  to  a mag nail, thence in a direction of S84 09'00"E
for  a  distance of 322.91' to a 5/8" rebar, thence along  a
curve to the right in a direction of S80 53'19"E for a chord
distance of 67.78' to a 5/8" rebar (said curve having an arc
distance of 67.81' and a radius of 636.62'), and then  in  a
direction  of  S57 23'00"E for a distance of  386.50'  to  a
railroad  spike;  thence turning and  proceeding  along  the
properties  of Eugene Foust and Alexander Washington  Estate
in a direction of S64 45'36"W for a distance of 563.31' to a
1/4"  pipe; thence turning and proceeding along the property
of  Alexander  Washington Estate the following  courses  and
distances: in a direction of S75'5 1'55"W for a distance  of
85.00' to a 1/4" pinched top pipe, thence in a direction  of
S33 01'09"E for a distance of 185.82' to a 1/4" pipe, thence
in  a direction of S23 24'01 "E for a distance of 260.06' to
a  1/4" pipe, and then in a direction of S27 11'40"E  for  a
distance  of  93.83'  to a 5/8" rebar;  thence  turning  and
proceeding  along  the property of CarMax Auto  Superstores,
Inc., the following courses and distances: in a direction of
S66 32'20"W  for  a distance of 432.83'  to  a  5/8"  rebar,
thence  in  a  direction of N23 27'40"W for  a  distance  of
37.00'  to  a  5/8"  rebar,  and  then  in  a  direction  of
S66 32'20"W  for  a distance of 180.35'  to  a  5/8"  rebar;
thence  turning and proceeding along the property  of  Grove
Park Development Company in a direction of N25 10'25"W for a
distance  of  538.46' to a 5/8" rebar;  thence  turning  and
proceeding  along  the property of CarMax Auto  Superstores,
Inc., the following courses and distances: in a direction of
N66 32'20"E  for  a distance of 200.23' to  a  5/8''  rebar,
thence  in  a  direction of N23 26'45"W for  a  distance  of
169.50'   to  a  5/8"  rebar,  thence  in  a  direction   of
N46 01'32"E  for  a distance of 202.19'  to  a  5/8"  rebar,
thence  in  a direction of N28 50' 11 "E for a distance   of
220.73'  to  a  5/8"  rebar, and  then  in  a  direction  of
N12 49'41"E for a distance of 138.90' to a 5/8" rebar,  this
being  the  Point of Beginning. This parcel contains  15.514
acres (675,793 square feet).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]