Document:

EQUITY PLEDGE AGREEMENT

 

This equity pledge agreement (this “Agreement”)
is made on the 15th day of December, 2009, at Shijiazhuang, the People’s Republic of China (the “PRC”)
by and among the following parties:

 

	(1)	Hebei Chuang Lian Trade Co., Ltd. ( “Pledgee”)

Registered Number: 130000400002919

Registered Address: 322 East Zhongshan Road, Shijiazhuang

Legal representative: Zhang Zhongwen

 

	(2)	Hebei Kaiyuan Real Estate Development Co., Ltd. (“Pledgor”)

Registration Number: 130000400002919

Registered Address: 322 East Zhongshan Road, Shijiazhuang

Legal representative: Peng Jinyu

 

WHEREAS:

 

	1.	Pledgor, a limited liability company
    registered and existing under the laws of PRC, hold the equity interests of Hebei Xuhua Trading Co., Ltd (hereinafter
    “Xuhua Trading”) [ within the jurisdiction of china ] , and holds 100% of the equity of Xuhua Trading, the
    amount of capital contributed being 470 million RMB.

 

2.         Pledgee,
a wholly foreign owned enterprise organized and existing under the laws of the PRC.

 

3.         Pledgee
and Pledgor both agree, Pledgor shall assign and transfer the equity interests of Xuhua Trading to Pledgee unconditionally and
perform the obligations (hereinafter “Security Obligation” )of Option Agreement(hereinafter “Transaction Agreement
” )which signed by Pledgor and Pledgee good and completely after the Pledgee have authorized.

 

4.         The
Pledgor agrees to pledge all of his equity interest in Xuhua Trading to Pledgee as collateral for securing his obligations.

 

NOW THEREFORE, through mutual consents, the Parties have
reached the following agreements:

 

1.     DEFINITIONS

 

Unless otherwise provided, the definitions below shall have
the following meanings throughout this Agreement:

 

1.1   PLEDGES: means all the right and beneficial interest
set forth at the Clause 2 of this Agreement.

 

1.2   EQUITY INTEREST: means any and all the equity interests
of Xuhua Trading held by Pledgor legally and the rights and interests in connection with the equity interests in the meantime and
in the future.

 

1.3   EVENT OF DEFAULT: means any event set forth at the
Clause 8 herein.

 

1.4   NOTICES OF THE EVENT OF DEFAULT: means the notices
delivered by the Pledgee for the purpose of declare the event of default pursuant to this Agreement.

 

2.     THE PLEDGED INTERESTS

 

    	 

    	 

    

 

2.1   Pledgor hereby pledge all its equity interests in
Xuhua Trading to secure performance of all obligations, penalties, damages, costs of exercising the pledged interests and any indebtedness
to Pledgee pursuant to the terms of the Transaction Agreement.

 

2.2    The Pledge Interests hereunder means the rights
and interests owned by Pledgee and take the right to request first priority repayment which Pledgor pledge its equity interest
to Pledgee as collateral for securing his obligation.

 

2.3   Unless the Pledgee otherwise consent in writing after
the execution of this Agreement, the pledge under this Agreement shall be valid until the obligations have been fully discharged
and have been permitted by Pledgee in writing.

 

3.     NATRUE OF PLEDGE

 

3.1   The pledge under this Agreement shall not be affected
by any other pledge or security interest in accordance with security obligation, and not affect the effectiveness of any other
pledge or security interest.

 

3.2   The right of Pledgor and Pledgee hereunder shall not
be affected or waived at any circumstance set forth below:

 

3.2.1  Any extension, waiver, relief
or termination of the obligations of any Party with the consent of Pledgee.

 

3.2.2  Any amendment, mortification
or supplementary of the Transaction Agreement.

 

3.2.3  Any disposal, change or termination
in connection with any other pledge or guaranty on the secured obligation;

 

3.2.4  Any agreement made by Pledgee and
any other parties which may affect the Pledged Interests;

 

3.2.5 Any delay, performance, breach or
mistake in connection with exercising of rights by Pledgee under this Agreement.

 

3.2.6 Any acknowledgement of illegality,
invalidity or unenforceability of any transaction or its performance, or

 

3.2.7 Any other event which may affect
any Pledgor’s obligation under this Agreement.

 

4.     EFFECTIVENESS

 

4.1   This Agreement becomes
effective upon the entry of such pledge into the shareholder’s register of Administration Bureau of Industry and
Commerce.

 

4.2   During the term of pledge, provide the Pledgor
fail to performance of its security obligation, the Pledgee entitle the right to exercise the rights subject to this Agreement.

 

5.     THE POSSESSION OF CERTIFICATE

 

5.1   The Pledgor shall put the certificate of capital
(original) on Xuhua Trading under the safekeeping of the Pledgee during the pledge term provided by this Agreement. The Pledgor
shall deliver the certificate (original) and the appropriate evidence which can prove the pledge has been entered into the Register
of Shareholders to Pledgee within one (1) week.

 

5.2   Without prior written consent of Pledgee, Pledgor shall
not declare or distribute any income (if any, including but not limitation, dividend and profit), such income shall be deemed as
collateral for securing their obligations. Pledgor shall transfer such income generated by the said equity interests to a bank
account designated in writing by Pledgee.

 

    	 

    	 

    

 

6.     REPRESENTATIONS AND WARRANTIES

 

Pledgor hereby represents and warrants to the Pledgee set forth
as below, and acknowledges that the execution and enforcement hereof by Pledgee is depended upon the represents and warrants herein:

 

6.1   Xuhua Trading are enterprises established and existing
under the laws of the PRC.

 

6.2   Xuhua Trading have had any and all necessary approval,
authorization and permission from government, and have accomplished all the registration and filing.

 

6.3   The Pledgor has the capacity for civil right and capacity
for civil conduct for execute and perform this Agreement.

 

6.4   The execution and performance of this Agreement by
Pledgor shall not conflict with the Article of Association of the Xuhua Trading or any other relevant documents. The Pledgor has
obtained any and all necessary approvals and authorizations for the execution and performance of this Agreement.

 

6.5   The execution and performance of this Agreement will
not violate any laws or regulations of the PRC, or violate any conditions of licenses, authorities, notices or any other governmental
documents necessary, or conflict with or result in a breach or violation of any contracts or agreements to which Pledgor is a party.

 

6.6   The Pledgor has paid up the registered capital according
to the equity in connection with Xuhua Trading under the PRC laws and obtained the capital verification report issued by qualified
certified public accounting firm.

 

6.7   The Pledgor has full right, title and interest in
the Pledged Interests and free of lien or other security interest other than the pledges created by this Agreement.

 

6.8   The Pledgor or Xuhua Trading have not conducted any
acts or actions which may material adverse affect the assets, business of Xuhua Trading or the obligations of the Pledgor until
the date of execution.

 

6.9   The Pledgor have not pledged, assigned or otherwise
transferred to any third party any of their interest in the pledged Interests during the term.

 

6.10  The Pledgor have not pledged, mortgaged or created
any other priority right in Xuhua Trading’s assets except that the encumbrances have already disclosed.

 

6.11 All the documents delivered from Pledgor to Pledgee
are true, completed, and accurate and contain no material misrepresentation or error.

 

6.12  No further intervention other than the applicable
law in the event that the Pledgee exercises its rights according to the terms and conditions under this Agreement at any time.

 

6.13  The Pledgee is entitled to acquire all right, title
and interest to any of the pledged interests or beneficial interests according to the terms and conditions in this Agreement and
under the PRC laws.

 

6.14  On the date of this Agreement entered, there is no
civil or criminal legal proceeding and arbitration is current or pending against Pledgor’s entry into this Agreement or performance
of their obligations hereunder.

 

    	 

    	 

    

 

6.15  No outstanding taxes, expenses due or unconsummated
legal proceedings, procedures which should have consummated as of the date of execution.

 

6.16  All or any provisions hereunder represent the real
intention of parties, and each party will legally bound by this Agreement.

 

7.    CONVENANTS

 

7.1  During the terms of this Agreement, Pledgor hereby
covenants to Pledgee as follows:

 

7.1.1  It will not transfer the Pledged Interests
or cause or allow the Pledged Interests to be used as security for any other obligation that may affect Pledgee’s right or
beneficial without the prior written consent of Pledgee except that the Pledgee require the Pledgor to assign or transfer the equity
interest.

 

7.1.2 Without the Pledgee’s written consent, during the
term from the signature of this Agreement to the termination of the pledge hereunder, the Pledgor or Xuhua Trading shall not take
any action involve in any event which will material adversely affects the asset and business of Xuhua Trading or the responsibility
of the Pledgor.

 

7.1.3 Without the Pledgee’s written consent, during the
term from the execution of this Agreement to the termination of the pledge hereunder, the Pledgor warranty that Xuhua Trading shall
not pledge, mortgage or create any other restrictive right in all or any of their asset.

 

7.1.4 It will comply with and enforce any and all applicable
laws, rules and regulations and deliver all the notices, instructions or advices within five(5) days to Pledgee in the event that
he received such notices, instructions and advices from the authorized government entity, and conduct acts under the reasonable
instructions of Pledgee.

 

7.1.5 It shall promptly notify Pledgee of any event that may
materially affect Pledgee’s rights to any portion of the Pledged Interests or any of Pledgor’s guarantees or obligations
hereunder and follow the instructions of Pledgee.

 

7.1.6 Comply with the representations and warranties aforesaid
at Clause 6 and keep it effective.

 

7.2 The Pledgor agrees, the Pledgee is entitled to exercise
the rights according to the terms and conditions of this Agreement, and free from the intervention and encumbrance from the Pledgor,
its successor, assignor or any other person.

 

7.3 The Pledgor hereby covenants to Pledgee, he will enter into
and cause any other person who affects the Pledged Interests to enter into any certificate, deed which required by Pledgee in good
faith, and/or conduct and cause any other person who affects the Pledged Interests to conduct actions which required by Pledgee.
And it will enter into all the alter documents in connection with the equity interest certificate with the Pledgee or any other
person designated by it, and provides all the necessary documents according to the Pledged Interests to Pledgee during the reasonable
term.

 

7.4  Pledgor shall comply with and perform all the guarantees,
covenants, agreements, represents and conditions. If it is failed to perform or performed in full, it shall reimburse all the relevant
losses and damages to Pledgee.

 

8.    EVENT OF DEFAULT

 

8.1  Each of the followings shall be deemed an Event of
Default:

 

8.1.1 Pledgor, its successors and agents fails to perform any
security obligation;

 

8.1.2 Any representation or warranty made by the Pledgor in
Clause 6 herein contains a material misrepresentation or error;

 

    	 

    	 

    

 

8.1.3 Any Pledgor breaches any of the warranties in Clause 6
or covenants made in Clause 7 herein;

 

8.1.4 Any Pledgor breaches any clauses under this Agreement;

 

8.1.5 Any Pledgor transfers the Pledged Interest without the
prior written consent of Pledgee, except as provided in Clause 7.1.1 herein;

 

8.1.6  Loans, encumbrances, indemnities, promises or any other
remedies arising in connection with breach which demands that Pledgor immediately perform all the obligations including payment
of all outstanding payments due leads the Pledgee believe that the Pledgor’s ability to perform his or her obligations under
this Agreement has been adversely affected.

 

8.1.7  Pledgor cannot satisfy its indebtedness or any other debt;

 

8.1.8  The promulgation of any applicable laws or regulations
renders this Agreement illegal or makes the Pledgor’s performance under this Agreement impossible.

 

8.1.9  Any approval, license, permit or authorization of government
agencies that makes this Agreement enforceable, legal and effective is withdrawn, terminated, invalidated or substantively changed.

 

8.1.10   A adversely change occurring in the financial conditions
of Pledgor leads Pledgee to believe the Pledgor’s ability to perform his or her obligations under this Agreement has been
adversely affected.

 

8.1.11   The discontinuance, termination, forced closure or liquidation
of the Pledgor or Xuhua Trading.

 

8.1.12   Any other event precludes Pledgee to exercise its pledge
right under the applicable laws.

 

8.2   Pledgor shall immediately notify Pledgee in writing upon
the incident of any Event of Default or any event which with lapse of time and/or notice will constitute an Event of Default.

 

8.3   Unless the Event of Default specified in Clause 8.1 aforesaid
has been resolved satisfaction, Pledgee may deliver a written notice of default to Pledgor, which demands that Pledgor immediately
perform all the obligations or enforces or disposes of the Pledged Interest in accordance with the Clause 9 under this Agreement.

 

9.     ENFORCEMENT OF PLEDGES

 

9.1   Prior to the Pledgor’s security obligation has been
discharged, Pledgor shall not transfer its equity interest without prior written consent of Pledgee.

 

9.2   An Enforcement Notice shall be delivered to Pledgor before
Pledgee exercise its Pledge right under this Agreement.

 

9.3   Subject to Clause 8.3, from and including delivery of the
Default Notice under this Agreement, Pledgee shall become entitle to exercise the right of Pledged Interest at its sole discretion.

 

9.4   Pledgee is entitled to enforce the pledges of first order
in priority by dispose of the pledge interests hereunder legally.

 

9.5   The Pledgor shall not hinder and shall take necessary assistance
for the enforcement of pledges by Pledgee.

 

10.  ASSIGNMENTS

 

    	 

    	 

    

 

10.1 Without Prior written consent by Pledgee, the Pledgor shall
not assign or transfer all or any of its rights or obligation under this Agreement.

 

10.2 This Agreement shall have binding force on Pledgor and
its successors and assigns, and this Agreement is in full force and effect for the Pledgee and its successors and assigns.

 

10.3 Pledgee may transfer or assign the security obligation
to any third party designated by it. In that event, the assignee shall have the same rights and obligations as the Pledgee under
this Agreement. The Pledgor shall execute relevant agreements or documents in connection with the assignment upon received the
request of Pledgee.

 

10.4 The Parties shall execute a new pledge equity agreement
provide the verification of the Pledgee which caused by assignment.

 

11.  BREACH OF AGREEMENT

 

11.1 Any breach of provisions under this Agreement, or Pledgor
fails to perform the obligation of security in time, or the breach of contract pursuant to the sub-clause 8.1 shall deem as breach
of agreement by Pledgor. Pledge may notify the Pledgor in writing to ask for correction and take actions to eliminate the consequence
and indemnify Pledgee for its breach pursuant to specifications under this Agreement.

 

11.2 In the event of breach by Pledgor, the Pledgee may terminate
the performance of obligations hereunder temporarily by deliver a written notice to Pledgor in consideration that the performance
is impossible or unfair until the Pledgor take the actions to eliminate the consequence and indemnify the costs arising in connection
with the breach.

 

11.3 Pursuant to this clause, Pledgee is entitle the right to
claim Pledgor to be compensated for all losses, including the direct economic losses, any reasonably foreseeable indirect economic
losses and related costs arising there from, including but not limited to legal fees, litigation costs , arbitration fees and travel
expenses.

 

12.  TERMINATION

 

This Agreement shall be terminated upon the performance of the
obligation of security by Pledgor is completed, then Pledgee shall cancel or terminate this Agreement as soon and reasonable as
practicable. The Pledgor shall not terminate this Agreement in any reason by any way without the consent of the Pledgee.

 

13.  COMMISSION AND OTHER FEES

 

13.1 Any and all costs and actual expenses incurred in connection
with this Agreement, including, without limitation, any legal fees, disbursements, stamp duties or any other taxes and fees are
undertaken by the Pledgor. The Pledgor shall compensate the Pledgee for costs and expenses which was undertaken by the Pledgee
pursuant to the applicable laws.

 

13.2  Pledgor shall undertake any and all costs and
expenses (including, without limitation, taxes, commission charges, administration fees, legal fees, fees of attorney and any insurance
fees) in the event that Pledgor fail to pay any or all of taxes, expenses or for any other reason that cause Pledgee have such
claim.

 

14.  GOVERNING LAW AND SETTLEMENT OF DISPUTES

 

14.1 The execution, effectiveness, performance, construction
and settlement of disputes shall be governed by the laws of the PRC.

 

    	 

    	 

    

 

14.2 In the event of any dispute with respect to or in connection
with the construction and performance of the provisions of this Agreement, the Parties shall first negotiate in good faith to resolve
the dispute. In the event the Parties fail to reach an agreement on the resolution of such a dispute, any Party may submit the
relevant dispute to China International Economic and Trade Arbitration Commission in Shijiazhuang for binding arbitration. The
languages used during arbitration shall be Chinese. The arbitration shall be final and binding by both Parties.

 

14.3 The Parties shall in good faith in all other respects continue
their implementation of this Agreement except issues in dispute between the Parties.

 

15. NOTICES

 

All the notices or other communications given or made pursuant
hereto shall be sent in writing in Chinese and delivered to the address as specified below by personally delivery, registered mail
pre-paid post, courier or facsimile transmission.

 

	Pledgee:	Hebei Chuang Lian Trade Co., Ltd.
	Address:	322 East Zhongshan Road, Shijiazhuang
	Facsimile:	0311-83819636
	Telephone:	0311-83827688
	Attention:	Zhang Zhongwen

 

	Pledgor:	Hebei Kaiyuan Real Estate Development Co., Ltd.
	Address:	322 East Zhongshan Road, Shijiazhuang
	Facsimile:	0311-83819639
	Telephone:	0311-83827688
	Attention:	Peng Jinyu

 

16.   SCHEDULES AND ANNEXES

 

All schedules are an integral part of this Agreement.

 

17.  WAIVER

 

No delay or omission by Pledgee in exercising the right, remedy,
power or privilege by this Agreement shall be deemed as a waiver of such right, remedy, power or privilege. The single or partial
exercise of any right, remedy, power or privilege shall not preclude any exercise of any other right, remedy, power or privilege.
The right, remedy, power or privilege under this Agreement is cumulative and are not exclusive of any right, remedy, power or privilege
provided by laws.

 

18.  MISCELLANEOUS

 

18.1           
No amendment, supplementary or modification of this Agreement shall occur except in writing. The amendment agreement and supplementary
agreement that have been signed and sealed by the Parties shall have the same validity as this Agreement.

 

18.2           
In the event that any provision of this Agreement is determined to be invalid or unenforceable in any respect in accordance with
the applicable laws, the validity or enforceability of the remaining provisions of this Agreement shall not be affected.

 

18.3           
This Agreement is signed in quadruplicate originals, with each of equally binding force.

 

[REMAINEDROF PAGE INTENIONALLY LEFT BLANK]

 

    	 

    	 

    

 

[SIGNATURE PAGE]

 

PLEDGEE: Hebei Chuang Lian Trade Co.,
Ltd. ( SEAL )

 

AUTHORIZED PERSON: ( SIGNATURE  ) :

 

PLEDGOR: Hebei Kaiyuan Real Estate Development Co.,
Ltd. ( SEAL )

 

AUTHORIZED PERSON: ( SIGNATURE  ) :OPTION AGREEMENT

 

This Option Agreement (hereinafter
“Agreement”) is made on the 15th day of December, 2009, at Shijiazhuang, the People’s
Republic of China (the “PRC”) by and among the following parties:

 

Hebei Chuang Lian Trade Co., Ltd. ( “Party A”)

Registered Address: 322 East Zhongshan Road , Shijiazhuang

Legal representative: Zhang Zhongwen

 

Hebei Kaiyuan Real Estate Development Co., Ltd. (“Party
B”)

Address: 322 East Zhongshan Road, Shijiazhuang

Legal representative: Peng Jinyu

 

WHEREAS:

 

Party A, a wholly foreign owned enterprise organized and existing
under the laws of PRC.

 

2.  Party B, a limited liability company
registered and existing under the laws of PRC, hold the equity interests of Hebei Xuhua Trading Co., Ltd (hereinafter
“Xuhua Trading”)  [ within the
jurisdiction of china ]  , and holds 100% of the equity of
Xuhua Trading, the amount of capital contributed being 470 million RMB.

 

	1.	THE OPTIONS GRANTED

 

	 	1.1	GRANT

 

Grantor agrees to voluntarily, unconditionally, irrevocably
and exclusively grant Party A the option under the PRC laws and the terms and conditions provide in this Agreement, the Party A
or any third party designated by Party A is entitled to purchase all or part of the share at the lower of the lowest price permitted
by the PRC laws at the time of exercise of Option and the audited net asset value of Xuhua Trading.

 

	 	1.2	TERMS

 

This Agreement shall be valid from the date of execution until
(i) the Accomplished Date defined in Clause 2.5 as below or (ii) the obligations hereunder have been performed, which is later.
Party B shall not terminate this Agreement early in any reason.

 

	2.	EXERCISE OF OPTION AND CLOSING

 

	 	2.1	TIME OF EXERCISE

 

The Grantor agrees, Party A may exercise any or all option under
this Agreement at any time of the expiration unless otherwise specified by the PRC laws.

 

The Grantor agrees, Party A have no limitation in the number
of exercise unless have acquired all the equity interests of 4S Stores.

 

The Grantor agrees, Party A may designate a third Party as its
representative to exercise any or all portion of the options subject to notify the Grantor prior in writing.

 

    	 

    	 

    

 

	 	2.2	THE USE OF FUND

 

Grantors hereby agree to provide all the interests in connection
with the exercise of Option by Party A or any third party designated by Party A to Xuhua Trading in an appropriate manner.

 

	 	2.3	ASSIGNMENT

 

Grantors agree that the Party A may assign or transfer all or
any of the Option under this Agreement to any third party. Any such third party shall be deemed as one Party of this Agreement
and have all of Party A’s rights and obligations.

 

	 	2.4	NOTICES OF EXECISE THE OPTION

 

In the event that Party A wishes to exercise the Option, it
shall send to the Grant a written notice not later than 10 business days from the Notice Date for the closing of such purchase
(an  “Option Closing Date” as defined below). The Notice shall specify the terms as below:

 

The date as of the consummation of the approval of the equity
transfers (if required by law) and applies for registration in the AIC formally. (hereinafter “Option Closing Date”)

 

The name of the shareholder after the closing date;

 

The amount of equity interest purchased from the Grantor;

 

Payment method;

 

Power of Attorney (if authorized the third party to exercise
the rights) .

 

Both Parties agree that, Party A shall designate the third party
and on the name of the third party to exercise the options and register the equity interests. Grantor agrees that he will sign
the Share Transfer Agreements prepared by Party A or the third party designated by Party A within 5 business days after the acceptance
of the Notice for Exercise provide Party A or the third party designated by Party A on demand.

 

	 	2.5	CLOSING

 

2.5.1 Grantor shall urge Xuhua Trading to accomplish the
approval of assignment by the authorized governmental institutions hereunder under the applicable law of PRC (if any).

 

2.5.2 Grantor shall cause Xuhua Trading to accomplish the register
procedure promptly in the AIC under the applicable laws of the PRC.

 

2.5.3 Party A or the third party designated by Party A shall
pay the Grantors with the price provided in the Clause 1.1 at the closing day.

 

2.5.4 Grantors shall render Xuhua Trading necessary and timely
assistance according to the applicable laws of the PRC to consummate the approval procedures (if required by law) in authorized
government entity and to consummate the equity transfer procedure in the AIC. Such date is the date of consummation of the Option.
(hereinafter “Accomplished Date”)

 

	 	2.6	ACCOMPLISHED DATE

 

Party A or the designated third party shall become the legal
owner of the equity interests after the consummated date pursuant to the Articles of Association and applicable laws of the PRC.

 

    	 

    	 

    

 

	3.	REPRESENTATIONS AND WARRANTIES

 

Except as disclosed, Grantor hereby represents and warrants
as below:

 

3.1.1 Grantor has full and complete right and authority to execute
and perform this Agreement;

 

3.1.2 Grantor have performed the contributing obligation of
shareholders in Xuhua Trading and owned the lawful and complete title of the shares under the applicable law of the PRC and the
Articles of Association and bylaws of Xuhua Trading.

 

3.1.3 The performance of this Agreement or obligation hereunder
have no violation of the binding laws, regulations and other agreements, and have no necessary approval or authority required by
the competent governmental entity.

 

3.1.4 There are no pending and threatened litigations, arbitrations
or any other judicial or administrative proceedings which will materially impact the performance of this Agreement.

 

3.1.5 No pledge, indebtedness or any other encumbrances on the
equity interest of Xuhua Trading, and no assignment, donate, pledge or any other manner to dispose of the equity interest to any
third party;

 

3.1.6 These equity interests of Xuhua Trading hold by Grantor
are free from any pledge, indebtedness or any other encumbrances of the third party.

 

3.1.7 The Option granted to Party A or the persons designated
by Party A must be exclusive, Grantor shall not grant any other party the option or any similar right in any manner;

 

3.1.8 Xuhua Trading is a limited liability company created and
existing under the applicable laws of the PRC, and have obtained all necessary approvals, authorities and licenses for the operation
of business now and in the future. Xuhua Trading does not have any known or expected incident that may lead such approvals, authorities
and licenses to be cancelled, removed or suspended

 

3.1.9 Grantor shall strive to urge the adoption of resolutions
which approve Grantor to assign the equity interests to Party A or the third party designated by Party A during the term of exercise
of option under the terms and conditions hereof by the shareholders’ meeting of Xuhua Trading. Grantor also shall strive
to cause any shareholders of Xuhua Trading other than Grantor (if any) to agree the waiver of the right of first refusal in connection
with the equity interests all or any which are attempted to assign.

 

	 	3.1	CONVENANTS

 

3.2.1 During the terms of this Agreement, Grantor covenants
to Party A or the third party designated by Party A, it will carry out all the necessary procedures which made the Party A or the
third party designated by Party A the shareholder of Xuhua Trading. The procedures included, without limitation, rendering Party
A or the third party designated by Party A assistance to obtain necessary approvals from governmental entities and institutions,
delivering Share Transfer Agreement to the related Administration for Industry and Commence (“AIC”) for the purpose
of the amendments or modifications of the Articles of Association and bylaws, shareholders’ register or any other things
concerned.

 

3.2.2 During the terms of this Agreement, he will not put the
equity interests hold by Grantor under the circumstance of pledge, indebtedness or encumbrance for any third party, and he will
not assign, donate, pledge or dispose of the equity interests hold by Grantor in any other manner to the third party.

 

3.2.3 During the terms of this Agreement, the equity interests
hold by Grantor will not under the circumstance of pledge, indebtedness or encumbrance for the third party.

 

    	 

    	 

    

 

3.2.4 During the terms of this Agreement, the option granted
by Grantor to Party A shall be exclusive; Grantor shall not grant any other party the option or any other right similar right.

 

	4.	TAXES AND FEES

 

Subject to applicable laws, the taxes and fees shall be paid
by Parties respectively in the course of carrying out this Agreement.

 

	5.	BREACH OF AGREEMENT

 

5.1 Any breach of the representations and warrants under this
Agreement by any Party, given the written notices the other Party have the right to require the breaching Party to correct its
conducts of breach or non-performance, and take good, promptly and effectively action to eliminate the consequences in connection
with the breach and non-performance aforesaid, and cover the damages .

 

5.2 The breaching Party shall be liable for any cost, liability
or loss (include but not limited to the interests and attorney fees arising from the breach) provide that the breach of this Agreement
by any Party. The aggregate amount of indemnification shall be equivalent to the loss incurred by the default; said remedies include
the profits for performance which could reasonably have foreseen at the time of the conclusion of the Agreement.

 

5.3 In the event of breach by Party B, Party A or the third
party designated by Party A may terminate the performance of obligations hereunder temporarily by deliver a written notice to Party
B in consideration that the performance is impossible or unfair until the Party B take the actions to eliminate the consequence
and indemnify the costs arising in connection with the breach.

 

5.4 Parties shall be liable respectively for the damages to
the extent that incurred by themselves provide the breach of this Agreement by both Parties.

 

	6.	GOVERNING LAW AND SETTLEMENT OF DISPUTES

 

	 	6.1	GOVERNING LAW

 

The application, include, without limitation, execution, effectiveness,
performance, construction of this Agreement shall be governed by the laws of the PRC.

 

	 	6.2	AMICABLE NEGOTIATION

 

In the event any dispute with respect to or in connection with
the construction and performance of this Agreement, the Parties shall first negotiate in good faith or mediate through a third
party to resolve the dispute. In the event the Parties fail to resolve the dispute through the methods above-mentioned within 30
days after the any Party’s request for resolution of the dispute, any Party shall submit the relevant dispute to arbitration.

 

	 	6.3	ARBITRATION

 

The dispute with respect to this Agreement shall submit to China
International Economic and Trade Arbitration Commission in Shijiazhuang for binding arbitration. The languages used during arbitration
shall be Chinese. The arbitration shall be final and binding on Parties.

 

    	 

    	 

    

 

	7.	CONFIDENTIALITY

 

	 	7.1	CONFIDENTIAL INFORMATION

 

This Agreement and schedules hereto is strictly confidential.
No Party shall disclose any information of this Agreement to any third party without the prior written consent of both Parties.
This term shall survive the termination of this Agreement.

 

	 	7.2	EXCEPTION

 

The disclosure in accordance with the laws, adjudications, arbitral
awards and the decisions of governmental entity shall not be deemed as the non-compliance of the clause 7.1.

 

	8.	MISCELLANEOUS

 

	 	8.1	ENTIRE AGREEMENT

 

This Agreement constitutes the entire the subject matter between
the Parties hereto, and supersedes all prior discussions, negotiations and agreements. This Agreement shall be altered by mutual
consent in writing between Parties, the schedules and exhibits referred to herein are incorporated in this Agreement and constitute
an integral part of this Agreement.

 

	 	8.2	AMENDMENTS AND SUPPLEMENTARY

 

No amendment, supplementary or modification of this Agreement
shall occur except in writing. The amend agreement and supplementary agreement that have been signed and sealed by the Parties
shall have the same validity as this Agreement.

 

	 	8.3	SEVERABILITY

 

In the event that any provision of this Agreement is determined
to be invalid or unenforceable in any respect in accordance with the applicable laws, the validity or enforceability of the remaining
provisions of this Agreement shall not be affected or compromised in any respect.

 

	 	8.4	WAIVER

 

No delay or omission by any Party in exercising the right, power
or privilege hereunder shall be deemed as a waiver of such right, power or privilege. The single or partial exercise of any right,
power or privilege shall not preclude any exercise of any other right, power or privilege.

 

	 	8.5	NOTICE

 

All the notices sent by parties for the rights and obligations
performance given under this Agreement shall be sent in writing and delivered to the address as specified below by the way of
personally delivery, registered mail, prepaid post, courier or facsimile transmission.

 

	Party A:	Hebei Chuang Lian Trade Co., Ltd.
	Address:	322 East Zhongshan Road, Shijiazhuang
	Facsimile:	0311-83819636
	Telephone:	0311-83827688
	Attention:	Zhang Zhongwen

 

	Party B:	Hebei Kaiyuan Real Estate Development Co., Ltd.
	Address:	322 East Zhongshan Road, Shijiazhuang
	Facsimile:	0311-85068813
	Telephone:	0311-85068830
	Attention:	Peng Jinyu

 

    	 

    	 

    

 

Notices shall be deemed to have been received:

 

Upon confirmed transmission if sent by fax, provide the fax
sent later than 17:00 or sent not in business day, upon the next successive business day;

 

Upon signature date if delivered by hand (include courier)

 

Upon 15 days after the date of confirmation of the return receipt
if delivered by registered mail.

 

	 	8.5.1	BINDING

 

This Agreement is binding for both Parties.

 

	 	8.6	LANGUAGE

 

This Agreement signed in quadruplicate originals, with each
of equally binding force.

 

	 	8.7	DAY AND BUSINESS DAY

 

References to “day” mean the calendar day, “business
day” means the date from Monday to Friday.

 

	 	8.8	HEADINGS

 

The headings in this Agreement are for convenience only and
shall not affect the construction of the Agreement.

 

	 	8.9	UNSPECIFIED EVENT

 

The event which is not specified in this Agreement shall be
negotiated by both Parties under the law of the PRC.

 

[SIGNATURE PAGE]

 

Party A: Hebei Chuang Lian Trade Co., Ltd.
 ( seal )

 

Authorized Representative ( signature ) :

 

 Party B: Hebei Kaiyuan Real Estate Development Co.,
Ltd. ( seal )

 

Authorized Representative
( signature ) :

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