Document:

Exhibit 10.1

                 RECISSION TO THE ASSET SALE PURCHASE AGREEMENT

     The undersigned  parties,  Suining Yinfa  Construction and Engineering Co.,
Ltd., ("Seller") and International Building Technologies,  Co., Ltd. ("Company")
a Hong Kong Corporation and a subsidiary of International  Building Technologies
Group,  Inc.,  a US publicly  traded  company  (OTCBB:INBG),  having  previously
entered into a certain Asset Sale and Purchase Agreement (the "ASPA") on July 8,
2007,  and  subsequently  amended on  September  28, 2007 and  December 5, 2007;
herein mutually agree to the following:

     WHEREAS the Parties agree that the sellers transactions are not recorded as
necessary to permit preparation of financial  statements in conformity with U.S.
generally accepted accounting  principles and to maintain asset  accountability,
as stipulated in section 9(g) of the ASPA signed December 5, 2007 and

     WHEREAS the Parties agree that the assets sold and purchased are performing
below projected expectations and

     WHEREAS,  a  convertible   promissory  note  for  $350,000  was  issued  in
connection with the ASPA as compensation for the purchase of the assets and

     WHEREAS the  convertible  promissory note was converted and paid in full on
December 12, 2007 with 350,000 shares of INBG's Series E preferred Shares

     NOW THEREFORE,  effective March 31, 2008 the Parties mutually agree that it
is in the best  interest  of both  parties to rescind the ASPA and all terms and
conditions contained therein.  Furthermore, both parties mutually agree to fully
release  each  other  from  any  future  claims  of all  verbal  and or  written
agreements shall now be terminated without recourse. The Seller agrees to return
all 350,000  shares of INBG's  Series E Preferred  Stock  issued on December 12,
2007.  The Company  agrees to  compensate  the Seller for their work and time in
connection with this ASPA with 35,000 shares of INBG's Series E Preferred stock.

Agreed this 23rd day of April, 2008.

International Building Technologies          Suining Yinfa Construction and
Group, Inc.                                  Engineering, Co.

By /s/ Kenneth Yeung                         By /s/ Mr. Wang Hao
  ---------------------------------            ---------------------------------
By: Kenneth Yeung,                           By: Mr. Wang Hao
    President/CEO                                General ManagerExhibit 10.2

                 INTERNATIONAL BUILDING TECHNOLOGIES, CO., LTD.

                 AMENDMENT TO ASSET SALE AND PURCHASE AGREEMENT

     THIS AMENDMENT to the Asset Sale and Purchase  Agreement  originally  dated
July 8, 2007 is  effective  as of this 5th day of December  2007.  This  Amended
Asset  Sale  and  Purchase  Agreement  is  made  by and  between  Suining  Yinfa
Construction and Engineering Co., Ltd., (the  "Company"),  a China  corporation;
and International Building Technologies, Co., Ltd. ("IBT" or the "Purchaser"), a
Hong Kong corporation,  and a wholly owned subsidiary of International  Building
Technologies Group, Inc., a US publicly traded company (OTCBB:INBG)

     WHEREAS,  the Company and Purchaser desire to change the terms of the Asset
Sale and Purchase Agreement for the benefit of both parties.

     NOW, THEREFORE,  in consideration of the mutual covenants herein stated, it
is agreed as follows:

     WHEREAS,  the  Company  desires to sell to the  Purchaser  51%  interest in
certain contracts and agreements (the "Company Assets") in return for Company in
order to become part of a US publicly  traded  company and to  potentially  gain
certain  rights  to  use  and  exploit  IBT's  panel  building  technology  (the
"Technology") either now or in the future.

     WHEREAS,  the  Purchaser  desires to  purchase  the  Assets as  hereinafter
provided;

     NOW, THEREFORE,  in consideration of the foregoing and the following mutual
covenants and agreements, the parties hereto agree as follows:

     1. Purchase of Assets. After the closing of this Agreement (the "Closing"),
commencing  January 1, 2008,  upon the basis of the  covenants,  warranties  and
representations  of the Purchaser set forth in this Agreement,  the Company will
sell,  transfer,  assign,  and deliver to the  Purchaser 51% interest in certain
contracts (the "Assets" or "Company  Assets"),  as set forth in Exhibit A, clear
of all  liens,  pledges,  rights of third  parties  and any other  encumbrances,
except as otherwise may be permitted hereunder.

     2. Compensation. Purchaser agrees to the following:

     (a) Note.  Payment to Company in the form of a Convertible  Promissory Note
in the amount of $350,000 USD attached herein as Exhibit B, and briefly outlined
as follows:

     3. Restrictive  Legend.  All shares of the Stock to be delivered  hereunder
shall bear a restrictive legend in substantially the following form:

     "THE SHARES  REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE  SECURITIES  ACT OF 1933, AS AMENDED (THE  "SECURITIES  ACT"),  OR ANY STATE
SECURITIES LAWS AND NEITHER SUCH SHARES NOR ANY INTEREST THEREIN MAY BE OFFERED,
SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS A REGISTRATION STATEMENT
WITH RESPECT  THERETO IS EFFECTIVE  UNDER THE  SECURITIES ACT AND ANY APPLICABLE
STATE SECURITIES LAWS, OR PURSUANT TO AN EXEMPTION FROM  REGISTRATION  UNDER THE
SECURITIES ACT."

     4. Redemption Rights.  Subject to the applicable  provisions of Nevada law,
the  Purchaser,  at the  option  of its  directors,  and with the  consent  of a
majority of the stockholders of the Series E Preferred Stock, may at any time or
from  time to time  redeem  the  whole or any part of the  outstanding  Series E
Preferred Stock. Any such redemption shall be prorate with respect to all of the
holders of the Series E Preferred  Stock.  Upon redemption the Company shall pay
for each share redeemed the Market Value, payable in cash. Such redemption shall
be on an all-or-nothing basis.

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     5. Optional Stock Purchase Agreement.

     (a)  Upon signing  this  agreement,  both  Parties  agree to pursue a stock
          purchase  agreement  of  the  Company  by IBT  based  upon  terms  and
          conditions   to  be  decided   between  the  two  parties  and  to  be
          memorialized in subsequent documentation.

     (b)  Both parties  understand that such a Stock Purchase  Agreement will be
          dependent on an  obtaining  reliable  representation  from the Company
          including an audit of the  Company's  financials  according to US GAAP
          standards, the cost of which will be born by the Company.

     6. Management of Assets.

     (a)  IBT  shall  provide  management  personnel  to the  Assets,  including
          Project Management,  Accounting  Supervision and Controller commencing
          January 1, 2008. IBT

     (b)  All  financial  books and records for the Assets will be maintained by
          IBT commencing January 1, 2008.

     7. Profit Sharing.

     (a)  Profits  shall be shared  between  the  Parties  either on a quarterly
          basis  or  upon  completion  of the  Contract  being  acquired  on the
          following basis: IBT 51% and Company 49%.

     (b)  Any potential  losses will be shared between the Parties  according to
          percentage ownership of the Assets;  however, the loss share for which
          IBT will be responsible will be limited to no more than $100,000 USD.

     8. Reversal of Agreement. The Agreement between the Parties may be reversed
and the original Convertible  Promissory Note returned to each of the Parties if
one of the following conditions prevails:

     (a)  IBT is unable to maintain the terms and  conditions  of the Asset Sale
          and Purchase Agreement. IBT

     (b)  Company is unable to maintain the Assets or continue operations.

     (c)  Company  is  unable  to  obtain  approval  from the  local  government
          authority  for  changing  registration  of  shareholders  formally  in
          according to this agreement.

     9.  Representations  and Warranties of the Company.  Where a representation
contained  in this  Agreement  is  qualified  by the  phrase "to the best of the
Company's  knowledge" (or words of similar import),  such expression means that,
after  having  conducted  a due  diligence  review,  the  Company  believes  the
statement to be true, accurate, and complete in all material respects. Knowledge
shall not be imputed nor shall it include any matters  which such person  should
have known or should have been  reasonably  expected to have known.  The Company
represents and warrants to the Purchaser as follows:

     (a)  Power and  Authority.  The  Company  has full power and  authority  to
          execute, deliver, and perform this Agreement and all other agreements,
          certificates  or documents to be  delivered  in  connection  herewith,
          including, without limitation, the other agreements,  certificates and
          documents contemplated hereby (collectively the "Other Agreements").

     (b)  Binding  Effect.  Upon  execution  and delivery by the  Company,  this
          Agreement and the Other  Agreements shall be and constitute the valid,
          binding and legal obligations of the Company,  enforceable against the
          Company in accordance with the terms hereof and thereof, except as the
          enforceability  hereof or thereof  may be subject to the effect of (i)
          any applicable bankruptcy, insolvency,  reorganization,  moratorium or
          similar laws relating to or affecting creditors' rights generally, and

                                       2
<PAGE>
          (ii)  general   principles  of  equity  (regardless  of  whether  such
          enforceability is considered in a proceeding in equity or at law).

     (c)  Effect.  Neither the execution  and delivery of this  Agreement or the
          Other   Agreements  nor  full   performance  by  the  Company  of  its
          obligations  hereunder  or  thereunder  will  violate  or  breach,  or
          otherwise  constitute  or give rise to a default  under,  the terms or
          provisions of the Articles of  Incorporation  or Bylaws of the Company
          or, of any contract,  commitment or other obligation of the Company or
          the Company or necessary  for the  operation of the Company  following
          the Closing or any other contract,  commitment, or other obligation to
          which the  Company or the  Company is a party,  or create or result in
          the creation of any encumbrance on any of the property of the Company.
          The Company is not in violation of its Articles of  Incorporation,  as
          amended,  it's Bylaws, as amended,  or of any indebtedness,  mortgage,
          contract, lease, or other agreement or commitment.

     (d)  No   Consents.   No  consent,   approval  or   authorization   of,  or
          registration,  declaration or filing with any third party,  including,
          but not limited to, any governmental department, agency, commission or
          other  instrumentality,  will, except such consents, if any, delivered
          or  obtained  on or prior to the  Closing,  be obtained or made by the
          Company prior to the Closing to authorize the execution,  delivery and
          performance by the Company of this  Agreement or the Other  Agreements
          which are listed on Schedule A.

     (e)  Litigation.  There  is no  action,  suit,  hearing,  inquiry,  review,
          proceeding  or  investigation  by or before any court or  governmental
          body  pending,  or threatened  against or involving  the Company,  its
          affiliates  or the Company or with  respect to the  activities  of any
          employee or agent of the Company.  Neither the Company nor the Company
          have received any notice of any event or occurrence which could result
          in any such action,  suit,  hearing,  inquiry,  review,  proceeding or
          investigation.

     (f)  Records.  The books of account  and minute  books of the  Company  are
          complete and correct, and reflect all those transactions involving its
          business which properly should have been set forth in such books.

     (g)  Internal  Accounting  Controls.  The  Company  maintains  a system  of
          internal  accounting  controls  sufficient,  in  the  judgment  of the
          Company's board of directors, to provide reasonable assurance that (i)
          transactions are executed in accordance with  management's  general or
          specific  authorizations,  (ii) transactions are recorded as necessary
          to permit  preparation  of financial  statements  in  conformity  with
          generally  accepted  accounting   principles  and  to  maintain  asset
          accountability, (iii) access to assets is permitted only in accordance
          with  management's  general  or  specific  authorization  and (iv) the
          recorded  accountability  for  assets is  compared  with the  existing
          assets at reasonable  intervals and  appropriate  action is taken with
          respect to any differences.  The books of account,  corporate  records
          and  minute  books of the  Company  are  complete  and  correct in all
          material respects.

     (h)  The Company's  Representations  and Warranties True and Complete.  All
          representations  and  warranties of the Company in this  Agreement and
          the Other  Agreements are true,  accurate and complete in all material
          respects as of the Closing.

     (i)  No Knowledge of the Purchaser's  Default. The Company has no knowledge
          that any of the Purchaser's  representations and warranties  contained
          in this Agreement or the Other  Agreements  are untrue,  inaccurate or
          incomplete  or that the  Purchaser  is in  default  under  any term or
          provision of this Agreement or the Other Agreements.

     (j)  No Untrue Statements.  No representation or warranty by the Company in
          this Agreement or in any writing furnished or to be furnished pursuant
          hereto,  contains or will  contain any untrue  statement of a material
          fact,  or omits,  or will omit to state any material  fact required to
          make the statements herein or therein contained not misleading.

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<PAGE>
     (k)  Reliance. The foregoing representations and warranties are made by the
          Company  with the  knowledge  and  expectation  that the  Purchaser is
          placing complete reliance thereon.

     10. Representations and Warranties of the Purchaser. Where a representation
contained  in this  Agreement  is  qualified  by the  phrase "to the best of the
Purchaser's knowledge" (or words of similar import), such expression means that,
after  having  conducted a due  diligence  review,  the  Purchaser  believes the
statement to be true, accurate, and complete in all material respects. Knowledge
shall not be imputed nor shall it include any matters  which such person  should
have known or should have been reasonably  expected to have known. The Purchaser
hereby represents and warrants to the Company as follows:

     (a)  Power and  Authority.  The  Purchaser  has full power and authority to
          execute, deliver and perform this Agreement and the Other Agreements.

     (b)  Binding  Effect.  Upon execution and delivery by the  Purchaser,  this
          Agreement and the Other  Agreements shall be and constitute the valid,
          binding and legal obligations of the Purchaser enforceable against the
          Purchaser in  accordance  with the terms hereof or thereof,  except as
          the enforceability  hereof and thereof may be subject to the effect of
          (i) any applicable bankruptcy, insolvency, reorganization,  moratorium
          or similar laws relating to or affecting  creditors' rights generally,
          and (ii)  general  principles  of equity  (regardless  of whether such
          enforceability is considered in a proceeding in equity or at law).

     (c)  Consents.  Company has obtained  consents from Customers  allowing the
          assignment  of said  contract  from Company to Purchaser to take place
          without penalty or consequence.  No consent, approval or authorization
          of,  or  registration,  declaration  or filing  with any third  party,
          including,  but not limited to, any governmental  department,  agency,
          commission or other  instrumentality,  will, except such consents,  if
          any, delivered or obtained on or prior to the Closing,  be obtained or
          made by the Purchaser prior to the Closing to authorize the execution,
          delivery and  performance  by the  Purchaser of this  Agreement or the
          Other Agreements.

     (d)  The Purchaser's  Representations and Warranties True and Complete. All
          representations  and warranties of the Purchaser in this Agreement and
          the Other  Agreements are true,  accurate and complete in all material
          respects as of the Closing.

     (e)  No Knowledge of the Company's Default.  The Purchaser has no knowledge
          that any of the Company's  representations and warranties contained in
          this  Agreement  or the Other  Agreements  are untrue,  inaccurate  or
          incomplete  in any respect or that the Company is in default under any
          term or provision of this Agreement or the Other Agreements.

     (f)  No Untrue  Statements.  No representation or warranty by the Purchaser
          in this  Agreement  or in any  writing  furnished  or to be  furnished
          pursuant  hereto,  contains or will contain any untrue  statement of a
          material  fact,  or omits,  or will omit to state  any  material  fact
          required  to make the  statements  herein  or  therein  contained  not
          misleading.

     (g)  Reliance. The foregoing representations and warranties are made by the
          Purchaser  with the  knowledge  and  expectation  that the  Company is
          placing complete reliance thereon.

     11. Conditions  Precedent to Obligations of the Purchaser.  All obligations
of the Purchaser under this Agreement are subject to the  fulfillment,  prior to
or at the Closing, of the following conditions:

     (a)  Representations   and   Warranties   True   at   the   Closing.    The
          representations and warranties of the Purchaser herein shall be deemed
          to have  been  made  again  as of the  Closing,  and  then be true and
          correct,  subject to any changes  contemplated by this Agreement.  The
          Purchaser  shall have performed all of the obligations to be performed
          by it hereunder on or prior to the Closing.

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<PAGE>
     (b)  Deliveries at the Closing.  The Purchaser  shall have delivered to the
          Company at the Closing all of the  documents  required to be delivered
          hereunder.

     12. Conditions  Precedent to Obligations of the Company. All obligations of
the Company under this Agreement are subject to the fulfillment,  prior to or at
the Closing, of the following conditions:

     (a)  Contracts  and  Documents.  The Company  shall have  delivered  to the
          Purchaser  the  contracts,   agreements,  purchase  orders  and  other
          documents  evidencing the ownership and rights to the Assets described
          in Exhibit A attached herein.

     (b)  Representations  and Warranties True at Closing.  The  representations
          and warranties of the Company herein shall be deemed to have been made
          again at the  Closing,  and then be true and  correct,  subject to any
          changes  contemplated  by  this  Agreement.  The  Company  shall  have
          performed all of the obligations to be performed by it hereunder on or
          prior to the Closing.

     (c)  Payment of the  Compensation.  The Purchaser  shall have delivered the
          Compensation.

     13. The Nature and Survival of  Representations,  Covenants and Warranties.
All statements and facts contained in any memorandum,  certificate,  instrument,
or  other  document  delivered  by  or on  behalf  of  the  parties  hereto  for
information   or  reliance   pursuant  to  this   Agreement,   shall  be  deemed
representations,  covenants  and  warranties  by the parties  hereto  under this
Agreement.  All  representations,  covenants and warranties of the parties shall
survive the Closing and all  inspections,  examinations,  or audits on behalf of
the parties, shall expire one year following the Closing.

     14.  Records  of the  Company.  For a period of five  years  following  the
Closing,  the books of account  and  records of the  Company  pertaining  to all
periods after the Closing  shall be available for  inspection by the Company for
use in connection with tax audits.

     15. Further Conveyances and Assurances.  After the Closing, the Company and
the Purchaser will,  without further cost or expense to, or consideration of any
nature  from the  other,  execute  and  deliver,  or cause  to be  executed  and
delivered,  to the other,  such  additional  documentation  and  instruments  of
transfer and conveyance,  and will take such other and further  actions,  as the
other may reasonably request as more completely to sell,  transfer and assign to
and fully vest in the Purchaser  ownership of the Assets and to  consummate  the
transactions contemplated hereby.

     16. Closing.  The Closing of the sale and purchase  contemplated  hereunder
shall be on or before July 31, 2007,  subject to  acceleration  or  postponement
from time to time as the Company and the Purchaser may mutually agree.

     17.  Deliveries  at the Closing by the Company.  At the Closing the Company
shall deliver to the Purchaser:

     (a)  Contracts,  Agreements,  purchase orders, rights assignments and other
          evidence of the Assets set forth in Exhibit A with the full consent of
          the Customers with whom the Assets are contracted.

     (b)  Any other  document  which may be necessary to carry out the intent of
          this Agreement.

     18.  Deliveries  at the  Closing  by the  Purchaser.  At the  Closing,  the
Purchaser shall deliver to the Company the following:

     (a)  Compensation as set forth above.

     (b)  Convertible  Promissory  Note in the amount of $350,000  USD  attached
          herein as Exhibit B.

     (c)  Any other  document  which may be necessary to carry out the intent of
          this Agreement.

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<PAGE>
     19. No  Assignment.  This  Agreement  shall not be  assignable by any party
without the prior written  consent of the other parties,  which consent shall be
subject to such parties' sole, absolute and unfettered discretion.

     20.  Brokerage.  The Company and the Purchaser  agree to indemnify and hold
harmless each other against, and in respect of, any claim for brokerage or other
commissions relative to this Agreement, or the transactions contemplated hereby,
based in any way on agreements,  arrangements,  understandings or contracts made
by either party with a third party or parties whatsoever.

     21.  Mediation  and  Arbitration.  All disputes  arising or related to this
Agreement  must  exclusively  be  resolved  first by  mediation  with a mediator
selected by the parties,  with such mediation to be held in Alameda, CA. If such
mediation fails, then any such dispute shall be resolved by binding  arbitration
under the Commercial  Arbitration Rules of the American Arbitration  Association
in effect at the time the  arbitration  proceeding  commences,  except  that (a)
California  law and the Federal  Arbitration  Act must govern  construction  and
effect,  (b) the locale of any arbitration must be in Alameda,  California,  and
(c) the  arbitrator  must with the award  provide  written  findings of fact and
conclusions  of law. Any party may seek from a court of  competent  jurisdiction
any  provisional  remedy that may be  necessary  to protect its rights or assets
pending the selection of the arbitrator or the arbitrator's determination of the
merits of the controversy.  The exercise of such arbitration rights by any party
will not preclude  the exercise of any  self-help  remedies  (including  without
limitation,  setoff  rights) or the  exercise  of any  non-judicial  foreclosure
rights. An arbitration award may be entered in any court having jurisdiction.

     (a) Attorney's  Fees. In the event that it should become  necessary for any
party entitled hereunder to bring suit against any other party to this Agreement
for enforcement of the covenants contained in this Agreement, the parties hereby
covenant and agree that the party or parties who are found to be in violation of
said covenants shall also be liable for all reasonable attorney's fees and costs
of court incurred by the other party or parties that bring suit.

     22.  Benefit.  All the  terms and  provisions  of this  Agreement  shall be
binding  upon and  inure to the  benefit  of and be  enforceable  by each of the
parties hereto, and his respective heirs,  executors,  administrators,  personal
representatives, successors and permitted assigns.

     23.  Notices.  All notices,  requests,  demands,  and other  communications
hereunder shall be in writing and delivered  personally or sent by registered or
certified United States mail, return receipt requested with postage prepaid,  or
by  telecopy  or  e-mail,  if  to  the  Company,   addressed  to  Suining  Yinfa
Construction  and  Engineering  Co.,  Ltd. At 343 Suizhou  Chong Road,  Suining,
Sichuan  Province,  629000 PRC,,  Telephone  number,  825.233.7901 and Facsimile
number,  825.222.2892  and if to the Purchaser,  addressed to IBT Group Inc. c/o
IBT Group  Inc.,  1151 Harbor Bay  Parkway,  Suite 202,  Alameda CA, USA,  94502
Telephone number, 001.510.814.3778 and Facsimile number, 001.510.814.0366.

     24. Any party hereto may change its address upon 10 days' written notice to
any other party hereto.

     25. Construction.  Words of any gender used in this Agreement shall be held
and  construed to include any other  gender,  and words in the  singular  number
shall be held to include the plural, and vice versa, unless the context requires
otherwise.

     26.  Waiver.  No course of dealing  on the part of any party  hereto or its
agents, or any failure or delay by any such party with respect to exercising any
right,  power or privilege of such party under this  Agreement or any instrument
referred to herein shall operate as a waiver thereof,  and any single or partial
exercise of any such right,  power or  privilege  shall not  preclude  any later
exercise  thereof  or any  exercise  of any  other  right,  power  or  privilege
hereunder or thereunder.

     27.  Cumulative  Rights.  The rights and  remedies  of any party under this
Agreement and the instruments executed or to be executed in connection herewith,
or any of them,  shall be cumulative and the exercise or partial exercise of any
such right or remedy  shall not  preclude  the  exercise  of any other  right or
remedy.

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     28. Invalidity. In the event any one or more of the provisions contained in
this Agreement or in any instrument referred to herein or executed in connection
herewith shall, for any reason, be held to be invalid,  illegal or unenforceable
in any respect,  such  invalidity,  illegality,  or  unenforceability  shall not
affect the other provisions of this Agreement or any such other instrument.

     29.  Incorporation  by  Reference.  The  Attachments  and Schedules to this
Agreement  referred  to or included  herein  constitute  integral  parts to this
Agreement and are incorporated into this Agreement by this reference.

     30. Controlling  Agreement.  In the event of any conflict between the terms
of this Agreement or any of the Other Agreements or exhibits referred to herein,
the terms of this Agreement shall control.

     31. Law Governing;  Jurisdiction.  This Agreement  shall be governed by and
construed in accordance with the laws of the State of California, without regard
to any  conflicts of laws  provisions  thereof.  Each party  hereby  irrevocably
submits to the personal  jurisdiction  of the United States  District  Court for
Alameda County,  California, as well as of the Courts of the State of California
over  any  suit,  action  or  proceeding  arising  out of or  relating  to  this
Agreement. Each party hereby irrevocably waives, to the fullest extent permitted
by law, any  objection  which it may now or hereafter  have to the laying of the
venue of any such mediation,  arbitration, suit, action or proceeding brought in
any such county and any claim that any such mediation, arbitration, suit, action
or proceeding brought in such county has been brought in an inconvenient forum.

     32.  Multiple  Counterparts.  This Agreement may be executed in one or more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.  A facsimile transmission
of this signed Agreement shall be legal and binding on all parties hereto.

     33. Entire  Agreement.  This instrument and the attachments  hereto contain
the entire  understanding of the parties and may not be changed orally, but only
by an instrument in writing signed by the party against whom  enforcement of any
waiver, change, modification, extension, or discharge is sought.

                             SIGNATURE PAGE FOLLOWS

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<PAGE>
IN WITNESS  WHEREOF,  this Agreement has been executed on the date first written
above

                          FOR COMPANY

                          /s/ Mr. Wang Hao
                          ------------------------------------------------------
                          Suining Yinfa Construction and Engineering Co., Ltd.
                          Mr. Wang Hao
                          General Manager

                          Date:

                          FOR: PURCHASER

                          By /s/ Kenneth Yeung
                            ----------------------------------------------------
                            Kenneth Yeung,  CEO
                            IBT Co., Ltd. of Hong Kong, China.

                            FOR: International Building Technologies Group, Inc.
                            IBT

                          By /s/ Kenneth Yeung
                            ----------------------------------------------------
                            Kenneth Yeung, President

                          Date:

                          By /s/ Peter Chin
                            ----------------------------------------------------
                            Peter Chin, Director

                          Date:

                                       8
<PAGE>
                                   EXHIBIT A:

               Company Assets (signed contract): $50,000,000. RMB

                                ROSE BEST PROJECT

                                       9
<PAGE>
                                    EXHIBIT B

                    $350,000 USD Convertible Promissory Note

                                       10

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