Document:

ex10_1.htm

     

    Exhibit
10.1

                                         

    PLAN OF EXCHANGE

    
      BY
WHICH

    

     China
International Tourism Holdings, Ltd.

    (a
Nevada corporation)

    SHALL
ACQUIRE

    Chengkai Logistic
Co Ltd.

    (a
corporation organized under the laws of the Peoples’ republic of
China)

     

     

     

     

     

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                
                                                                                                                                  
                                                                                                                                    
                                                                                                                                      
                                                                                                                                        
                                                                                                                                          
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          	I.
      RECITALS	
                                                                                                                                                                  1

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  1.
      The Parties to this Plan of Exchange:

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	
                                                                                                                                                                  (1.1)
      China International Tourism Holdings, Ltd......

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	
                                                                                                                                                                  (1.2)
      Chengkai Logistic Co Ltd..

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  2.
      The Capital of the Parties:

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	
                                                                                                                                                                  (2.1)
      The Capital of CIHS

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	
                                                                                                                                                                  (2.2)
      The Capital of Chengkai

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  3.
      Transaction Descriptive Summary:

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  4.
      SEC compliance.

                                                                                                                                                                	
                                                                                                                                                                  2

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  5.
      Nevada compliance.

                                                                                                                                                                	
                                                                                                                                                                  2

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  6.
      Audited Financial Statements.

                                                                                                                                                                	
                                                                                                                                                                  2

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  II.
      PLAN OF REOGANIZATION

                                                                                                                                                                	
                                                                                                                                                                  3

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  1.
      Conditions Precedent to Closing.

                                                                                                                                                                	
                                                                                                                                                                  3

                                                                                                                                                                
	
                                                                                                                                                                  (1.1)
      Shareholder Approval.

                                                                                                                                                                	
                                                                                                                                                                  3

                                                                                                                                                                
	
                                                                                                                                                                  (1.2)
      Board of Directors.

                                                                                                                                                                	
                                                                                                                                                                  3

                                                                                                                                                                
	
                                                                                                                                                                  (1.3)
      Due Diligence Investigation.

                                                                                                                                                                	
                                                                                                                                                                  3

                                                                                                                                                                
	
                                                                                                                                                                  (1.4)
      The rights of dissenting shareholders,

                                                                                                                                                                	
                                                                                                                                                                  3

                                                                                                                                                                
	
                                                                                                                                                                  (1.5)
      All of the terms, covenants and conditions

                                                                                                                                                                	
                                                                                                                                                                  3

                                                                                                                                                                
	
                                                                                                                                                                  (1.6)
      Delivery of Audited Financial Statements

                                                                                                                                                                	
                                                                                                                                                                  3

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  2.
      Conditions Concurrent and Subsequent to Closing.

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	
                                                                                                                                                                  (2.1)
      Delivery of Registered Capital of Chengkai.

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	
                                                                                                                                                                  (2.2)
      Acquisition Shares Issuance .

                                                                                                                                                                	
                                                                                                                                                                  .5

                                                                                                                                                                
	 	 
	
                                                                                                                                                                  3.
      Plan of Acquisition

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	
                                                                                                                                                                  (3.1)
      Exchange and Reorganization:

                                                                                                                                                                	
                                                                                                                                                                  4

                                                                                                                                                                
	
                                                                                                                                                                  (3.2)
      Issuance of Common Stock:

                                                                                                                                                                	
                                                                                                                                                                  .4

                                                                                                                                                                
	
                                                                                                                                                                  (3.3)
      Closing/Effective Date:

                                                                                                                                                                	
                                                                                                                                                                  5

                                                                                                                                                                
	
                                                                                                                                                                  (3.4)
      Surviving Corporations

                                                                                                                                                                	
                                                                                                                                                                  5

                                                                                                                                                                
	
                                                                                                                                                                  (3.5)
      Rights of Dissenting Shareholders:

                                                                                                                                                                	
                                                                                                                                                                  5

                                                                                                                                                                
	
                                                                                                                                                                  (3.6)
      Service of Process and Address:

                                                                                                                                                                	
                                                                                                                                                                  5

                                                                                                                                                                
	
                                                                                                                                                                  (3.7)
      Surviving Articles of Incorporation:

                                                                                                                                                                	
                                                                                                                                                                  5

                                                                                                                                                                
	
                                                                                                                                                                  (3.8)
      Surviving By-Laws:

                                                                                                                                                                	
                                                                                                                                                                  5

                                                                                                                                                                
	
                                                                                                                                                                  (3.9)
      Further Assurance, Good Faith and Fair Dealing:

                                                                                                                                                                	
                                                                                                                                                                  5

                                                                                                                                                                
	
                                                                                                                                                                  (3.10)
      General Mutual Representations and Warranties.

                                                                                                                                                                	
                                                                                                                                                                  5

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.1)
      Organization and Qualification.

                                                                                                                                                                	
                                                                                                                                                                  6

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.2)
      Corporate Authority.

                                                                                                                                                                	
                                                                                                                                                                  6

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.3)
      Ownership of Assets and Property.

                                                                                                                                                                	
                                                                                                                                                                  6

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.4)
      Absence of Certain Changes or Events.

                                                                                                                                                                	
                                                                                                                                                                  6

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.5)
      Absence of Undisclosed Liabilities.

                                                                                                                                                                	
                                                                                                                                                                  7

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.6)
      Legal Compliance.

                                                                                                                                                                	
                                                                                                                                                                  7

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.7)
      Legal Proceedings.

                                                                                                                                                                	
                                                                                                                                                                  8

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.8)
      No Breach of Other Agreements.

                                                                                                                                                                	
                                                                                                                                                                  8

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.9)
      Capital Stock.

                                                                                                                                                                	
                                                                                                                                                                  8

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.10)
      SEC Reports.

                                                                                                                                                                	
                                                                                                                                                                  8

                                                                                                                                                                
	
                                                                                                                                                                  (3.10.11)
      Brokers' or Finder's Fees.

                                                                                                                                                                	
                                                                                                                                                                  8

                                                                                                                                                                
	
                                                                                                                                                                  (3.11)
      Miscellaneous Provisions

                                                                                                                                                                	
                                                                                                                                                                  8

                                                                                                                                                                
	
                                                                                                                                                                  (3.11.1)

                                                                                                                                                                	
                                                                                                                                                                  8

                                                                                                                                                                
	
                                                                                                                                                                  (3.11.2)

                                                                                                                                                                	
                                                                                                                                                                  9

                                                                                                                                                                
	
                                                                                                                                                                  (3.11.3)

                                                                                                                                                                	
                                                                                                                                                                  9

                                                                                                                                                                
	
                                                                                                                                                                  (3.11.4)

                                                                                                                                                                	
                                                                                                                                                                  9

                                                                                                                                                                
	
                                                                                                                                                                  (3.11.5)

                                                                                                                                                                	
                                                                                                                                                                  9

                                                                                                                                                                
	
                                                                                                                                                                  (3.11.6)

                                                                                                                                                                	
                                                                                                                                                                  9

                                                                                                                                                                
	 
      	
                                                                                                                                                                   
      

                                                                                                                                                                
	
                                                                                                                                                                  4.
      Termination

                                                                                                                                                                	
                                                                                                                                                                  13

                                                                                                                                                                
	 
      	
                                                                                                                                                                   
      

                                                                                                                                                                
	
                                                                                                                                                                  5.
      Closing

                                                                                                                                                                	
                                                                                                                                                                  13

                                                                                                                                                                
	 
      	
                                                                                                                                                                   
      

                                                                                                                                                                
	
                                                                                                                                                                  6.
      Merger Clause

                                                                                                                                                                	
                                                                                                                                                                  13

                                                                                                                                                                

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          

                                                                                                                                        

                                                                                                                                      

                                                                                                                                    

                                                                                                                                  

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

       

      

      

      The Remainder
of this Page is Intentionally left Blank

       

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      PLAN
OF EXCHANGE

      BY
WHICH

      China
International Tourism Holdings, Ltd.

      (a
Nevada  corporation)

      SHALL
ACQUIRE

      Chengkai
Logistic Co Ltd.

      (a
corporation organized under the laws of the Peoples’ Republic of
China)

       

       

      

      This
Plan of Exchange (the “Agreement” or “Plan of Exchange”)
is made and dated as of this 11th day of February, 2009, and is intended
to supersede all previous oral or written agreements, if any, between the
parties, with respect to its subject matter. This Agreement anticipates that
extensive due diligence shall have been performed by both parties. All due
diligence shall have been completed by the Parties no later than February 11,
2009.

       

      I.
RECITALS

       

      1.
The Parties to this Agreement:

      

      (1.1) China International Tourism
Holdings, Ltd. ("CIHS "), a Nevada corporation.

      

      (1.2) ChengkaiChengkai Logistic Co Ltd., a corporation organized
under the laws of the Peoples’ Republic of China (“Chengkai”).

      

      2.
The Capital of the Parties:

      

      (2.1)
The Capital of CIHS
consists of 5,000,000 authorized shares of redeemable preferred stock, par value
$.01, of which 3,295,000 shares issued and outstanding, and 250,000,000
authorized shares of Common Stock, par value $.0001, of which 48,591,809 shares
are issued and outstanding.

      (2.2) The Capital of Chengkai
consists of RMB 8,000,000 in registered capital (US$1=8 RMB), which for the
purposes of this Agreement, is referred to as “common stock” or “capital
stock”.

      

      3. Transaction Descriptive Summary:
CIHS desires to acquire Chengkai and the shareholders of Chengkai (the
“Chengkai Shareholders”) desire that Chengkai be acquired by
CIHS.  CIHS would acquire 100% of the capital stock of Chengkai in
exchange for an issuance by CIHS of 50,000,000 new shares of Common Stock of
CIHS to Chengkai.. The above issuance will give Chengkai an interest in CIHS
representing approximately 27.6% of the then issued and outstanding shares on an
dilutive basis. The parties intend that the transactions qualify and meet the
Internal Revenue Code requirements for a tax free reorganization, in which there
is no corporate gain or loss recognized by the parties, with reference to
Internal Revenue Code (IRC) sections 354 and 368.

      

      4. SEC compliance. CIHS shall
cause the filing with the Commission of a Current Report on Form 8-K, within
four business days of the date hereof, reporting the execution of this
Agreement.

      

      5. Nevada compliance.  Articles of
Exchange are required to be filed by Nevada law as the last act to make the
plan of exchange final and effective under Nevada law.

      

      6. Audited Financial
Statements. Certain filings under the Securities Exchange Act of 1934,
such as a Current Report on Form 8-K, require audited financial statements of
Chengkai to be filed with the SEC within 71 days of the initial Form 8-K filing
with respect to this transaction.  In connection with CIHS’s filing of
a Current Report on Form 8-K/A within 71 days after the closing, as it relates
to this transaction, audited financial statements of Chengkai will be filed with
the SEC in accordance with Form 8-K.  Chengkai has agreed to provide
audited financial statements prepared in conformity with U.S. GAAP to CIHS at or
prior to closing.

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      II. PLAN OF EXCHANGE

      

      1.
Conditions Precedent to Closing.

      

      The
obligation of the parties to consummate the transactions contemplated herein are
subject to the fulfillment or waiver prior to the closing of the following
conditions precedent:

      

      (1.1) Shareholder Approval.
Chengkai and CIHS shall have secured their shareholder approvals for this
transaction, if required, in accordance with the laws of its place of
incorporation and its constituent documents.

      

      (1.2) Board of Directors. The
Boards of Directors of each of Chengkai and CIHS shall have approved the
transaction and this agreement, in accordance with the laws of its place of
incorporation and its constituent documents.

      

      (1.3) Due Diligence Investigation.
Each party shall have furnished to the other party all corporate and financial
information which is customary and reasonable, to conduct its respective due
diligence, normal for this kind of transaction. If either party determines that
there is a reason not to complete the Plan of Exchange as a result of their due
diligence examination, then they must give written notice to the other party
prior to the expiration of the due diligence examination period. The due
diligence period, for purposes of this paragraph, shall have expired on February
11, 2009.  The Closing Date shall be three days after the satisfaction
or waiver of all of the conditions precedent to closing set forth in this Plan
of Exchange, unless extended to a later date by mutual agreement of the
parties.

      

      (1.4) The rights of dissenting
shareholders, if any, of each party shall have been satisfied and the
Board of Directors of each party shall have determined to proceed with the Plan
of exchange.

      

      (1.5) All of the terms, covenants and
conditions of the Plan of exchange to be complied with or performed by
each party before Closing shall have been complied with, performed or waived in
writing;

      

      (1.6)   Delivery of
Audited Financial Statements.   Chengkai shall have
delivered to CIHS audited financial statements and an audit report thereon for
the year ended December 31, 2008, any required audits shall be prepared by a
PCAOB member audit firm in accordance with U.S. GAAP at Chengkai’s
expense.

      

      2.
Conditions Concurrent and Subsequent to Closing.

      

      (2.1) Delivery of Registered Capital of
Chengkai.  Immediately upon or within 30 days from the date of
this agreement, CIHS shall have 100% of the beneficial interest of Chengkai
Logistic Co Ltd.

      

      (2.2) Acquisition Share Issuance.
Immediately upon the Closing, CIHS shall issue to the Chengkai
Shareholders 50,000,000 new investment shares of Common Stock of CIHS to the
Chengkai Shareholders in exchange for 100% of the capital stock of Chengkai,
which will give Chengkai an interest in CIHS representing
approximately 27.6% of the then issued and outstanding shares on an dilutive
basis.

      

      3.
Plan of Exchange

      

      (3.1) Exchange and Reorganization:
CIHS and
Chengkai shall be hereby reorganized, such that CIHS shall acquire 100% the
capital stock of Chengkai, and Chengkai shall become a wholly-owned subsidiary
of CIHS.

      

      (3.2) Issuance of Common Stock:
Within 60 days upon the effective date of the Plan, CIHS shall issue 50,000,000
new investment shares of Common Stock of CIHS to or for the Chengkai
Shareholders.

      

      (3.3) Closing/Effective Date:
The Plan of exchange shall become effective immediately upon approval and
adoption by the parties hereto, in the manner provided by the law of the places
of incorporation and constituent corporate documents, and upon compliance with
governmental filing requirements, such as, without limitation, filings under the
Securities Exchange Act of 1934, and the filing of Articles of Exchange, if
applicable under State Law. Closing shall occur upon the approval by the Board
of Directors of the parties hereto or are waived by the parties.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      

      (3.4) Surviving Corporations:
Both corporations shall survive the exchange and reorganization herein
contemplated and shall continue to be governed by the laws of its respective
jurisdiction of incorporation.

      

      (3.5) Rights of Dissenting
Shareholders: Each Party is the entity responsible for the rights of its
own dissenting shareholders, if any.

      

      (3.6) Service of
Process and Address: Each corporation shall continue to be amenable to
service of process in its own jurisdiction, exactly as before this
acquisition.  The address of CIHS is Pang Gong Site 44, Hong Guang
Road, Xi An, P.R. 710068.  The address of Chengkai is Suite 910 Yi An
Plaza, 33 Jian She Liu Road, Guangzhou, China.

       

      The
address of CIHS will be changed, according to the instruction of
Chengkai.

      

      (3.7) Surviving Articles of
Incorporation: the Articles of Incorporation of each Corporation shall
remain in full force and effect, unchanged.

      

      (3.8) Surviving By-Laws: the
By-Laws of each Corporation shall remain in full force and effect,
unchanged.

      

      (3.9) Further Assurance, Good Faith and
Fair Dealing: the Directors of each Company shall and will execute and
deliver any and all necessary documents, acknowledgments and assurances and do
all things proper to confirm or acknowledge any and all rights, titles and
interests created or confirmed herein; and both companies covenant expressly
hereby to deal fairly and in good faith with each other and each others
shareholders. In furtherance of the parties desire, as so expressed, and to
encourage timely, effective and businesslike resolution the parties agree that
any dispute arising between them, capable of resolution by arbitration, shall be
submitted to binding arbitration. As a further incentive to private resolution
of any dispute, the parties agree that each party shall bear its own costs of
dispute resolution and shall not recover such costs from any other
party.

      

      (3.10) General Mutual Representations
and Warranties. The purpose and general import of the Mutual
Representations and Warranties, are that each party has made appropriate full
disclosure to the others, that no material information has been withheld, and
that the information exchanged is accurate, true and correct. These warranties
and representations are made by each party to the other, unless otherwise
provided in this agreement, and they speak and shall be true immediately before
Closing.

      

      
        	
                 
      

              	
                (3.10.1) Organization and
      Qualification. Each corporation is duly organized and in good
      standing, and is duly qualified to conduct any business it may be
      conducting, as required by law or local
  ordinance.

              

      

      

      
        	
                 
      

              	
                (3.10.2) Corporate Authority.
      Each corporation has corporate authority, under the laws of its
      jurisdiction and its constituent documents, to do each and every element
      of performance to which it has agreed, and which is reasonably necessary,
      appropriate and lawful, to carry out this Agreement in good
      faith.

              

      

      

      
        	
                 
      

              	
                (3.10.3) Ownership of Assets and
      Property. Each corporation has lawful title and ownership of it
      property as reported to the other, and as disclosed in its financial
      statements.

              

      

      

      
        	
                 
      

              	
                (3.10.4) Absence of Certain Changes or
      Events. Each corporation has not had any material changes of
      circumstances or events which have not been fully disclosed to the other
      party, and which, if different than previously disclosed in writing, have
      been disclosed in writing as currently as is reasonably
      practicable.  Specifically, and without
    limitation:

              

      

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                   (3.10.4-a) the business of each
      corporation shall be conducted only in the ordinary and usual course and
      consistent with its past practice, and neither party shall purchase or
      sell (or enter into any agreement to so purchase or sell) any properties
      or assets or make any other changes in its operations, respectively, taken
      as a whole, or provide for the issuance of, agreement to issue or grant of
      options to acquire any shares, whether common, redeemable common or
      convertible preferred, in connection
therewith;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-b) Except as set forth in
      this Plan of Exchange, neither corporation shall (i) amend its Articles of
      Incorporation or By-Laws, (ii) change the number of authorized or
      outstanding shares of its capital stock, or (iii) declare, set aside or
      pay any dividend or other distribution or payment in cash, stock or
      property to the extent that which might contradict or
      not  comply with any clause or condition set forth in this Plan
      of Exchange, LOI or Escrow
Agreement;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-c) Neither corporation
      shall (i) issue, grant or pledge or agree or propose to issue, grant, sell
      or pledge any shares of, or rights of any kind to acquire any shares of,
      its capital stock, (ii) incur any indebtedness other than in the ordinary
      course of business, (iii) acquire directly or indirectly by redemption or
      otherwise any shares of its capital stock of any class or (iv) enter into
      or modify any contact, agreement, commitment or arrangement with respect
      to any of the foregoing;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-d) Except in the ordinary
      course of business, neither party shall (i) increase the compensation
      payable or to become payable by it to any of its officers or directors;
      (ii) make any payment or provision with respect to any bonus, profit
      sharing, stock option, stock purchase, employee stock ownership, pension,
      retirement, deferred compensation, employment or other payment plan,
      agreement or arrangement for the benefit of its employees (iii) grant any
      stock options or stock appreciation rights or permit the exercise of any
      stock appreciation right where the exercise of such right is subject to
      its discretion (iv) make any change in the compensation to be received by
      any of its officers; or adopt, or amend to increase compensation or
      benefits payable under, any collective bargaining, bonus, profit sharing,
      compensation, stock option, pension, retirement, deferred compensation,
      employment, termination or severance or other plan, agreement, trust, fund
      or arrangement for the benefit of employees, (v) enter into any agreement
      with respect to termination or severance pay, or any employment agreement
      or other contract or arrangement with any officer or director or employee,
      respectively, with respect to the performance or personal services that is
      not terminable without liability by it on thirty days notice or less, (vi)
      increase benefits payable under its current severance or termination, pay
      agreements or policies or (vii) make any loan or advance to, or enter into
      any written contract, lease or commitment with, any of its officers or
      directors;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-e) Neither party shall
      assume, guarantee, endorse or otherwise become responsible for the
      obligations of any other individual, firm or corporation or make any loans
      or advances to any individual, firm or corporation, other than obligations
      and liabilities expressly assumed by the other that
  party;

              

      

      

      
        	
                 
      

              	
                   (3.10.4-f) Neither party shall
      make any investment of a capital nature either by purchase of stock or
      securities, contributions to capital, property transfers or otherwise, or
      by the purchase of any property or assets of any other individual, firm or
      corporation.

              

      

      

      
        	
                 
      

              	
                (3.10.5) Absence of Undisclosed
      Liabilities. Each corporation has, and has no reason to anticipate
      having, any material liabilities which have not been disclosed to the
      other, in the financial statements or otherwise in
  writing.

              

      

      

      
        	
                 
      

              	
                (3.10.6) Legal Compliance. Each
      corporation shall comply in all material respects with all Federal, state,
      local and other governmental (domestic or foreign) laws, statutes,
      ordinances, rules, regulations (including all applicable securities laws),
      orders, writs, injunctions, decrees, awards or other requirements of any
      court or other governmental or other authority applicable to each of them
      or their respective assets or to the conduct of their respective
      businesses, and use their best efforts to perform all obligations under
      all contracts, agreements, licenses, permits and undertaking without
      default.

              

      

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (3.10.7) Legal Proceedings.
      Each corporation has no legal proceedings, administrative or regulatory
      proceeding, pending or suspected, which have not been fully disclosed in
      writing to the other.

              

      

      

      
        	
                 
      

              	
                (3.10.8) No Breach of Other
      Agreements.  This Agreement, and the faithful performance
      of this agreement, will not cause any breach of any other existing
      agreement, or any covenant, consent decree, or undertaking by either, not
      disclosed to the other.

              

      

      

      
        	
                 
      

              	
                (3.10.9) Capital Stock. The
      issued and outstanding shares and all shares of capital stock of each
      corporation is as detailed herein, that all such shares are in fact issued
      and outstanding, duly and validly issued, were issued as and are fully
      paid and non-assessable shares, and that, other than as represented in
      writing, there are no other securities, options, warrants or rights
      outstanding, to acquire further shares of such
  corporation.

              

      

       

      (3.10.10) SEC Reports.
CIHS has filed all
required registration statements, prospectuses, reports, schedules, forms,
statements and other documents required to be filed by it with the SEC since the
date of its registration under the Securities Act of 1933, as amended
(collectively, including all exhibits thereto, the "CIHS SEC
Reports").  None of the CIHS SEC Reports, as of their
respective dates, contained any untrue statements of material fact or failed to
contain any statements which were necessary to make the statements made therein,
in light of the circumstances, not misleading.  All of the CIHS SEC Reports, as of their
respective dates (and as of the date of any amendment to the respective CIHS SEC Reports), complied as
to form in all material respects with the applicable requirements of the
Securities Act and the Exchange Act and the rules and regulations promulgated
thereunder.

      

      
        	
                 
      

              	
                (3.10.11) Brokers' or Finder's
      Fees. Each corporation is not aware of any claims for brokers'
      fees, or finders' fees, or other commissions or fees, by any person not
      disclosed to the other, which would become, if valid, an obligation of
      either company.

              

      

      

      (3.11) Miscellaneous
Provisions

      

      
        	
                 
      

              	
                (3.11.1) Except as required by
      law, no party shall provide any information concerning any aspect of the
      transactions contemplated by this Agreement to anyone other than their
      respective officers, employees and representatives without the prior
      written consent of the other parties hereto. The aforesaid obligations
      shall terminate on the earlier to occur of (a) the Closing, or (b) the
      date by which any party is required under its articles or bylaws or as
      required by law, to provide specific disclosure of such transactions to
      its shareholders, governmental agencies or other third parties. In the
      event that the transaction does not close, each party will return all
      confidential information furnished in confidence to the
      other.  In addition, all parties shall consult with each other
      concerning the timing and content of any press release or news release to
      be issued by any of them.

              

      

      

      
        	
                 
      

              	
                (3.11.2) This Agreement may be
      executed simultaneously in two or more counterpart originals. The parties
      can and may rely upon facsimile signatures as binding under this
      Agreement, however, the parties agree to forward original signatures to
      the other parties as soon as practicable after the facsimile signatures
      have been delivered.

              

      

      

      
        	
                 
      

              	
                (3.11.3) The Parties to this
      agreement have no wish to engage in costly or lengthy litigation with each
      other. Accordingly, any and all disputes which the parties cannot resolve
      by agreement or mediation shall be submitted to binding arbitration under
      the rules and auspices of the American Arbitration Association. As a
      further incentive to avoid disputes, each party shall bear its own costs,
      with respect thereto, and with respect to any proceedings in any court
      brought to enforce or overturn any arbitration award. This provision is
      expressly intended to discourage litigation and to encourage orderly,
      timely and economical resolution of any disputes which may
      occur.

              

      

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (3.11.4) If any provision of
      this Agreement or the application thereof to any person or situation shall
      be held invalid or unenforceable, the remainder of the Agreement and the
      application of such provision to other persons or situations shall not be
      effected thereby but shall continue valid and enforceable to the fullest
      extent permitted by law.

              

      

      

      
        	
                 
      

              	
                (3.11.5) No waiver by any party
      of any occurrence or provision hereof shall be deemed a waiver of any
      other occurrence or provision.

              

      

      

      
        	
                 
      

              	
                (3.11.6) The parties
      acknowledge that both they and their counsel have been provided ample
      opportunity to review and revise this agreement and that the normal rule
      of construction shall not be applied to cause the resolution of any
      ambiguities against any party presumptively. The Agreement shall be
      governed by and construed in accordance with the laws of the State of
      Nevada.

              

      

      

      4. Termination. The Plan of
exchange may be terminated by written notice, at any time prior to closing, (i)
by mutual consent, (ii) by either party during the due diligence phase, (iii) by
either party, in the event that the transaction represented by the anticipated
Plan of exchange has not been implemented and approved by the proper
governmental authorities 60 days from the date of this Agreement, or (v) by
either party in the event that a condition of closing is not met by February 29,
2009. In the event that termination of the Plan of exchange by either or both,
as provided above, the Plan of exchange shall forthwith become void and there
shall be no liability on the part of either party or their respective officers
and directors.

      

      5. Closing.  The
parties hereto contemplate that the closing of this Plan of Exchange shall occur
no more than three days after all of the conditions precedent have been met or
waived.  The closing deliveries will be made pursuant to this
Agreement. In addition, within 60 days of signing the Plan of Exchange, CIHS shall issue 50,000,000 Common Stock of CIHS pursuant
to Regulation S under the Securities Act of 1933, as amended, to the Chengkai shareholders and CIHS shall acquire 100% of the capital stock of
Chengkai.

      

      6.  Merger
Clause.  This Plan of Exchange constitute the entire agreement
of the parties hereto with respect to the subject matter hereof, and such
document supersedes all prior understandings or agreements between the parties
hereto, whether oral or written, with respect to the subject matter hereof, all
of which are hereby superceded, merged and rendered null and void.

      

      

      IN WITNESS
WHEREOF, The parties hereto, intending to be bound, hereby sign this Plan
of Exchange below as of the date first written above.

      

      

      

      CHINA
INTERNATIONAL TOURISM HOLDINGS, LTD.

      

      

      

      By:
____________________________

      Wanwen Su, President

      

      

      

      CHENGKAI
LOGISTIC CO LTD.

      

      

      

      By:
____________________________

      Wanwen Su President

      

      
        
           

        

        
          8ex10_1.htm

     

    Exhibit
10.1

     

    STOCK
PURCHASE AGREEMENT

    

    This Agreement (“Agreement”) made as of this
29th
day of October, 2008, by and between Pablo Torres majority shareholder of
Phillips Real Estate Services, Inc. (“Seller”) and Montgomery Real
Estate Service, Inc. (“Buyer”) as to the facts set
forth below:

    

    WITNESSETH:

    

    WHEREAS, the Seller desires to
sell 20,000,000 shares of Philips Real Estate Services, Inc. (“Philips”) common stock in
exchange for 250,000 shares of Buyer’s common stock (“Subject Stock”) and $5,000;
and

    WHEREAS, the Buyer desires to
buy 20,000,000 shares of Philips commons stock in exchange for 250,000 shares of
Buyer’s common stock and $5,000; and

    WHEREAS, the Buyer and Seller
agree and desire Philips to become a wholly owned subsidiary of the Buyer;
and

    WHEREAS, the Buyer and Seller
agree that the mortgage for 68-70 Cochran Street located in Chicopee
Massachusetts (“Property”) will continue to
be the personal responsibility of the Seller until paid in full by the Seller;
and

    WHEREAS, the Buyer and Seller
agree that 100,000 shares of the Subject Stock shall be sold at a mutually
acceptable price and the proceeds shall be used exclusively to pay principal and
interest owed on the mortgage for the Property.

    WHEREAS, The Buyer and Seller
agree that all rental proceeds shall be collected by and controlled by the
Seller until the Property is resold, and any negative cash flows for repairs or
expenses whatsoever shall be the sole responsibility of the Seller and in the
event cash flow after all expenses exceeds 20%, the Buyer and the Seller will
equally share the proceeds, and upon liquidation of this Property after
expenses, the Seller will receive 25% of the capital gains profit and the Buyer
will receive 75% of the capital gains profit.

    WHEREAS, The Buyer and Seller
agree that in the event the Seller is incapable of managing the Property, then
the Buyer will hire a professional property management company to manage the day
to day operations, at the Seller’s expense.

    NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and
valuable consideration the adequacy and receipt of which is hereby
acknowledged,

    

    IT IS AGREED, as follows:

    

    1.           Seller
agrees to sell, and Buyer agrees to purchase from Seller, 20,000,000 shares
Philips common stock in exchange for the Subject Stock and $5,000 so that
Philips becomes a wholly owned subsidiary of the Buyer.

    

    The funds
are due within two business days of signing this Agreement. All shares are to be
delivered to the Buyer and Seller via FedEx immediately upon receiving cleared
funds from the Buyer.

    

    2.           The
Closing contemplated hereby will occur on or before the 15th day of November
2008.  In the event that Closing does not occur, this Agreement will
expire. This Agreement may be extended for an additional seven days by written
agreement from both the Buyer and the Seller.

    

    3.  The
Buyer and Seller agree that the mortgage for the Property will continue to be
the personal responsibility of the Seller until paid in full by the
Seller.  Of the 250,000 shares of Subject Stock 100,000 shares shall
be sold at a mutually acceptable price and the proceeds shall be used
exclusively to pay principal and interest owed on the mortgage for the
Property.  Within 3 business days of receipt of the Subject Shares the
Seller shall open an account at a reputable brokerage house in the name of both
the Buyer and Seller and deposit the Subject Shares for sale.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    4.  Property
Management

    

    
      	
              a.  

            	
              All
      rental proceeds from the Property shall be collected by and controlled by
      the Seller until the Property is
resold.

            

    

    
      	
              b.  

            	
              Any
      negative cash flows for repairs or expenses on the Property whatsoever
      shall be the sole responsibility of the
Seller.

            

    

    
      	
              c.  

            	
              In
      the event cash flow from the Property after all expenses exceeds 20%, the
      Buyer and the Seller will equally share the
  proceeds.

            

    

    
      	
              d.  

            	
              Upon
      liquidation of the Property, after expenses, the Seller will receive 25%
      of the capital gains profit and the Buyer will receive 75% of the capital
      gains profit from the sale.

            

    

    
      	
              e.  

            	
              If
      in the sole opinion of the Buyer, the Seller is deemed incapable of
      managing the Property, then the Buyer will hire a professional property
      management company to manage the day to day operations, at the Seller’s
      expense.

            

    

    

    5. REPRESENTATIONS AND
WARRANTIES:   The undersigned Buyer hereby represents and
warrants to Seller:

    

    
      	
              a.  

            	
              The
      undersigned Buyer is acquiring the stock solely for investment for his or
      her own account and not with a view to, or for, resale in connection with
      any distribution within the meaning of any federal securities act, state
      securities act or any other applicable federal or state
    laws;

            

    

    
      	
              b.  

            	
              The
      undersigned Buyer understands the speculative nature and risks of
      investments associated with the stock, and confirms that the stock would
      be suitable and consistent with his or her investment program; that his or
      her financial position enables him or her to bear the risks of this
      investment; and, that there is no public market for the stock subscribed
      for herein;

            

    

    
      	
              c.  

            	
              The
      stock purchased herein may not be transferred, encumbered, sold,
      hypothecated, or otherwise disposed of, if such disposition will violate
      any federal and/or state securities acts.  Disposition shall
      include, but is not limited to acts of selling, assigning, transferring,
      pledging, encumbering, hypothecating, giving, and any form of conveying,
      whether voluntary or not;

            

    

    
      	
              d.  

            	
              To
      the extent that any federal, and/or state securities laws shall require,
      the Buyer hereby agrees that the stock acquired pursuant to this Agreement
      shall be without preference as to
assets;

            

    

    
      	
              e.  

            	
              The
      Buyer is aware that Philips is under no obligation to register or seek an
      exemption under any federal securities act, state securities act, or any
      foreign securities act for the stock of Philips or to cause or permit such
      stock to be transferred in the absence of any such registration or
      exemption;

            

    

    
      	
              f.  

            	
              The
      Buyer has adequate means of providing for his current needs and personal
      contingencies and has no need to sell the shares in the foreseeable future
      (that is at the time of the investment, Buyer can afford to hold the
      investment for an indefinite period of
time);

            

    

    
      	
              g.  

            	
              The
      Buyer has sufficient knowledge and experience in financial matters to
      evaluate the merits and risks of this investment and further, the Buyer is
      capable of reading and interpreting financial statements;
    and

            

    

    
      	
              h.  

            	
              The
      Buyer is not a member of, or an associate or affiliate of a member of the
      National Association of Securities
Dealers.

            

    

    
      	
              i.  

            	
              Buyer,
      and his agents, attorneys and advisors, have conducted their own due
      diligence on Philips, its past history, and its current state.  They
      have inspected SEC filings, the corporate minutes, and the charter
      documents.  Buyer is buying the shares “as is”, with no
      representations made by the Seller as to the affairs or viability of the
      company, or as to assets, liabilities, or outstanding securities of
      Philips, and Buyer, on behalf of him selves and his successors in
      interest, (if any), hereby acknowledges and agrees by his execution of
      this Agreement that Seller is making no representations in this
      regard.

            

    

    

    6.           This
Agreement represents the entire understanding between the Buyer and Seller and
supersedes all prior written or oral agreements, if any.

    

    6.           This
Agreement may not be modified or changed unless in writing signed by the Buyer
and Seller.

    

    7.           The
headings in this Agreement are for convenience and shall not be used to
interpret any of the provisions of this Agreement.

    

    8.           No
waiver of any provision of this Agreement shall be effective and binding unless
signed in writing by the Buyer and/or Seller charged with such
waiver.

    

    9.           This
Agreement shall be construed and enforced under and pursuant to the laws of the
State of Nevada.

    

    10.           This
Agreement shall be binding upon Buyer and Seller and their
successors.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

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

    

    SELLER:                                                                           BUYER:

    

    
      	
              PABLO
      TORRES

            	
              MONTGOMERY
      REAL ESTATE SERVICE, INC.

            

    

    

    

    Signed:
/s/ Pablo
Torres                                                                           By:
/s/ Duane Bennett

               Pablo
Torres,
Individual                                                                      Duane Bennett,
President

     

     

    
      
        
        

      

      
        3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]