Document:

EXHIBIT
10.13

     

    Trade
Financing No. 012

     

    Contract
for Packing Loans

     

    China
Construction Bank
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Contract
No.: CXCKDDRZ 2010002

     

    Party A
(Full Name): Shandong
Caopu Arts &
Crafts Co., Ltd.

     

    Domicile:
2888 Qinghe
Rd., Cao County

     

    Zip Code:
274400

     

    Legal
Representative (Principal): Li
Jinliang

     

    Facsimile:                                    Telephone:
13905303206

     

    Party B
(the Lender) (Full Name): China
Construction Bank Cao
County Subbranch

     

    Domicile:
18-8
Zhongxing Rd., Cao County        
Zip Code: 274400

     

    Principal:
Yao Feng  

     

    Facsimile:                                                                  Telephone:
3213613

     

    Party A
has submitted to Party B, on a voluntary basis, the original and amended
original (if any) (L/C No.:   
This
Space Intentionally Left Blank ,
L/C Amount (in words):     
This
Space Intentionally Left Blank )
of documentary L/C in favor of Party A, and related materials, and has applied
to Party B for a loan. Both sides hereto, through amicable consultation, agree
to enter into this Contract which shall be strictly observed.

     

    Article
I Amount of Loan

     

    Party A
borrows from Party B a loan with an amount of RMB
4,000,000.00 (Say RMB Four Million Only).

     

    Article
II Term of Loan

     

    The term
of loan hereto is stipulated as one
hundred and twenty days from actual date of drawdown by Party
A.

     

    Article
III Purpose of Loan

     

    Party A
shall use the funds herein to acquire, arrange for production of, transport and
arrange for export of cargoes under the said L/C and shall not divert to any
other purpose.

     

    Article
IV Prerequisites for Extension of Loan

     

    Party B
shall be obliged to extend a loan on the condition that all prerequisites
hereunder are satisfied, unless otherwise waived, in whole or in part, by Party
B.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              1.

            	
              Party
      A has complete approval, registration, delivery, insurance and other legal
      formalities pertaining to the loan hereto in compliance with relevant
      laws, regulations and codes; and

            

    

     

    
      	
              2.

            	
              Party
      A has submitted related documents requested by Party B, including, but not
      limited to, certificates for purposes of loan, relevant L/C and its
      amended original; and

            

    

     

    
      	
              3.

            	
              Security,
      requested by Party B, has come into force and shall remain in effect;
      and

            

    

     

    
      	
              4.

            	
              Party
      A violates none of stipulations hereto;
and

            

    

     

    
      	
              5.

            	
              Other
      prerequisites:

            

    

     

    
      	
              This Space Intentionally Left
      Blank

            

    

     

    Article
V Loan Interest Rate, Calculation and Settlement

     

    
      
        	
                1.

              	
                Interest
      rate and calculation of the said loan shall be agreed by the 2nd 
      method hereinbelow:

              

      

    

     

    
      	 	
              1)

            	
              The
      annual rate of the said loan hereto is     
      This
      Space Intentionally Left Blank   ,
      on a day-to-day basis, and the interest shall be settled along with the
      principal.

            

    

     

    
      	 	
              2)

            	
              The
      annual rate of the said loan hereto is 5.346%,
      on a day-to-day basis, and is calculated on a monthly
      basis, with the 20th
      day of each month as
      interest settlement date (daily interest rate = monthly interest
      rate/30).

            

    

     

    
      
      

    

    
      
        
          
            
              	 	
                      3) 

                    	
                      This
      Space Intentionally Left
Blank

                    

 

          

        

      

    

    
      	
              2.

            	
              The
      interest shall accrue from the actual date on which the funds are
      transferred to the account of Party A. Where the loan is made in RMB, the
      interest rate agreed herein shall remain unchanged during the duration of
      this Contract. Where the loan is made in any foreign currency, any
      adjustment to the interest rate aforementioned shall be otherwise agreed
      by both parties hereto.

            

    

     

    
      	
              3.

            	
              In
      the event that Party A makes repayment ahead of maturity, the interest
      shall accrue at the actual days of use and the rate specified hereinabove.
      Thereafter, the unliquidated amount shall remain fulfilled as stipulated
      herein.

            

    

     

    Article
VI Repayment

     

    
      	
              1.

            	
              Export
      proceeds from Party A or proceeds from export negotiation, bill purchased
      or other trade financing businesses (including, but not limited to, bill
      discounted under usance L/C, or purchase of receivables, forfaiting)
      conducted at Party B shall be used as immediate resource for repayment of
      loan principal, interest and other expenses. Each batch of export proceeds
      under the said L/C (partial shipment allowed) shall also be used as
      immediate resource for repayment of loan principal, interest and other
      expenses.

            

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    In the
event that Party A could not make repayment in the aforesaid method owing to
failure of delivery by Party A, presentation not constituting complying
presentation by Party A or any other reasons, Party A shall make repayment by
other funds.

     

    In the
event that the loan comes due, Party A shall liquidate principal, interest and
other charges.

     

    
      	
              2.

            	
              During
      the term of the said loan, Party A is obliged to make prepayment in line
      with requests by Party B, in the event that any of occurrences mentioned
      hereinafter takes place: Party A, for any one reason, fails to make
      shipment in accordance with stipulations specified in the aforementioned
      L/C, or fails to present full set of documents under the aforesaid L/C, or
      Party A makes presentation to another bank; or Party A’s presentation is
      reviewed by Party B as not constituting complying presentation; or the
      issuing bank or confirming bank dishonors by non-acceptance for any
      reason, or funds under the aforesaid L/C fail to be collected in whole on
      schedule in accordance with stipulations under L/C terms for any reason;
      or any change to L/C terms is adverse to Party B, including, but not
      limited to, decrease of L/C amount, delay of payment, revocation of L/C,
      shortening of validity of L/C, adverse change during period of shipment,
      etc.

            

    

     

    
      	
              3.

            	
              In
      the event that Party A makes prepayment with its own funds other than
      export proceeds, Party A shall notify, in written form, five
      banking days prior to the prepayment date and acquire consent from Party
      B.

            

    

     

    Article
VII Rights & Obligations

     

    
      	
              1.

            	
              Party
      B shall grant the said loan as agreed
herein.

            

    

     

    
      	
              2.

            	
              Party
      A shall present all documents under the said L/C to Party B within the
      validity of the said L/C and the period for presentation stipulated by the
      said L/C for export collection under the said L/C, and shall not make
      presentation to another bank.

            

    

     

    
      	
              3.

            	
              Party
      A is entitled to request Party B to keep the financial materials and
      business secrets, presented by Party A, confidential, unless otherwise
      ruled by laws, regulations and codes, requested by authorized agencies or
      stipulated by and between both sides
hereto.

            

    

     

    
      	
              4.

            	
              Settlements,
      in whole, in RMB and foreign currencies hereto, for Party A, shall go
      through accounts opened at Party B.

            

    

     

    
      	
              5.

            	
              Party
      A shall repay loan principal, interest and relevant expenses, in whole, as
      agreed herein.

            

    

     

    
      	
              6.

            	
              Party
      A shall use the loan for purposes as agreed
  herein.

            

    

     

    
      	
              7.

            	
              Party
      A shall not request or accept amendment to the L/C terms or revoke the
      said L/C unless otherwise acquiring written consent from Party B or the
      Guarantor.

            

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              8.

            	
              Party
      A shall not consign the said L/C and rights and obligations under the said
      L/C unless otherwise acquiring written consent from Party
    B.

            

    

     

    
      	
              9.

            	
              Party
      A shall introduce uses of the packing loan and cargo export preparations
      under the said L/C, make shipment as requested in the said L/C, accept
      supervision by Party B, and present Party B full set of original clean
      documents under the said L/C.

            

    

     

    
      	
              10.

            	
              Party
      A shall guarantee authenticity and legality of underling transactions
      under the said L/C.

            

    

     

    
      	
              11.

            	
              Party
      A shall submit Party B true financial statements and relevant
      materials.

            

    

     

    
      	
              12.

            	
              Party
      A shall notify Party B in written form in two
      working days in the event of any alteration to registration items,
      covering legal representative (principal), domicile or site for business
      operation, registered capital or corporate (organizational) articles of
      association, etc.

            

    

     

    
      	
              13.

            	
              Party
      A shall not make use of any of transactions with affiliates to evade
      obligations to Party B; and shall not make false contracts with and among
      affiliated companies, use bills receivable, accounts receivable and other
      creditor’s rights without actual transactions to make discount or
      hypothecation at bankers, in a move to obtain bank capital or credit
      line.

            

    

     

    
      	
              14.

            	
              Where
      Party A is a group of companies, Party A shall advise, in time, Party B of
      transactions with affiliates involving more than 10% of net assets of
      Party A, including: (1) relationships among parties to transactions; (2)
      specific transactions and nature of transactions; (3) amount of each
      transaction or corresponding proportion; (4) pricing policy, including
      transactions involving no value or symbolic
  value.

            

    

     

    Article
VIII Default Liability

     

    
      	
              1.

            	
              Any
      one of occurrences hereunder happens to Party A shall endanger the claims
      of Party B:

            

    

     

    
      	
               
      

            	
              1)

            	
              Party
      A violates any one of stipulations herein or Party A expresses explicitly
      or shows by actions that Party A would not fulfill any one of stipulations
      herein.

            

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              2)

            	
              Party
      B shall deem any one of occurrences hereunder as endangering the safety of
      claims herein: Party A’s involvement in contracting, trusteeship
      (takeover), leasing, shareholding system reform, investment, joint
      operation, merger, acquisition, restructuring, separation, joint venture,
      application for business suspension for rectification, application for
      dissolution, being revoked, (being applied for) application for
      bankruptcy, change to controlling shareholder/actual controller or
      transfer of substantial portion of assets, cease of production,
      interruption of business, being imposed stiff fines by authorities, being
      cancelled registration, being revoked license, involvement in major
      lawsuit, suffering major
      productive and operational difficulties, deterioration of financial
      condition, failure to exercise duties by legal representative or
      principal; failure to meet other matured debts by Party A (including debts
      due of Party A to Party B or other affiliates of China Construction Bank),
      or cheap transfer or free transfer of property, debt relief for a third
      party or providing guarantee for a third party, negligent in exercising
      obligatory rights or other rights, Party A’s shareholder(s) abusing of
      corporate independent legal entity and shareholder(s) limited liability,
      evasion of liabilities, or failure of providing, by Party A, property
      certificate independent of its shareholder(s)’ property; guarantee hereto
      not established, not yet effective, null and void, being revoked or
      dissolved, the Guarantor’s default and breach, or explicit expression or
      show by action of nonperformance of its guarantee responsibility, or loss
      of guarantee capability in whole or in part, reduction in value of
      security, etc., or other occurrences that might endanger creditor’s rights
      of Party B.

            

    

     

    
      	
              2.

            	
              Party
      B is entitled to adopt one or more than one methods hereinbelow in the
      event of any one of occurrences specified in Paragraph 1, Article VIII of
      this Contract.

            

    

     

    
      	 	
              1)

            	
              Suspend
      to grant the said loan to Party A, announce the loan becomes immediately
      due, request Party A repay immediately principal, interest and expenses of
      all mature and unmatured debts
hereto.

            

    

     

    
      	 	
              2)

            	
              In
      the event that Party A fails to use the said loan for the purposes as
      agreed hereinabove, the amount embezzled by Party A shall accrue interest
      and compound interest at default interest rate and the method of
      settlement agreed herein starting from the date of use specified herein
      until settlement of principal and interest in whole. In the event that
      noninstallment of principal and interest on due date is stipulated herein,
      the amount embezzled by Party A shall accrue interest and compound
      interest at default interest rate on a quarterly basis starting from the
      date of use specified herein until settlement of principal and interest in
      whole. Where the loan is made in RMB, the default rate is 10.692%;
      where the loan is made in one foreign currency, the default rate is     
      This
      Space Intentionally Left
      Blank     .

            

    

     

    
      	 	
              3)

            	
              Prior
      to the loan falls due, the interest not paid off on time by Party A shall
      accrue compound interest at the interest rate set forth herein and the
      method of settlement agreed herein.

            

    

     

    Where the loan falls
overdue, starting from the date overdue until settlement of principal and
interest in whole, the loan principal and interest not paid off on time by Party
A, including loan principal and interest declared by Party B falls due ahead of
maturity in whole or in part, shall accrue interest and compound interest at
past-due loan rate and the method of settlement stipulated herein; In the event
that noninstallment of principal and interest on due date is stipulated
herein, the loan principal and interest not paid off on time by Party A,
including loan principal and interest declared by Party B falls due ahead of
maturity in whole or in part, shall accrue interest and compound interest on a
quarterly basis at past-due loan rate. Where the loan is made in RMB, the
past-due loan rate is 8.019%;
where the loan is made in one foreign currency, the past-due loan rate is    
This
Space Intentionally Left
Blank     .
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Loan past
due refers to the behavior that Party A fails to pay off loans due.

     

    
      	 	
              4)

            	
              Request
      Party A provide guarantee in line with requirements of Party
      B.

            

    

     

    
      	 	
              5)

            	
              Exercise
      security rights;

            

    

     

    
      	 	
              6)

            	
              Other
      remedy measures authorized by law.

            

    

     

    Article
IX Other Provisions

     

    
      	
              1.

            	
              Expense
      Bearing

            

    

     

    Party A
shall bear related expenses for lawyer’s service, insurance, assessment,
registration, custody, appraisal, notarization hereto, unless otherwise
stipulated.

     

    Party A
shall assume all actual costs incurred by Party B for protection of creditor’s
rights, including, but not limited to, litigation fees, arbitration fees,
property preservation fees, travelling expenses, execution fees, assessment
fees, lot money, notarial fees, fees of service, lawyer’s fees, and so
on.

     

    
      	
              2.

            	
              Transfer
      & Collection of Receivables

            

    

     

    Party B
is entitled to transfer all receivables under this Contract and collect
corresponding funds (in RMB or other currencies) at the accounts of Party A
opened with subordinates of China Construction Bank. Where formalities for
foreign exchange sale and purchase or foreign exchange dealings are needed,
Party A shall be obliged to assist party B to go through the formalities and
bear exchange rate risks.

     

    
      	
              3.

            	
              Usage
      of Information of Party A

            

    

     

    Party A
shall agree to investigation, by Party B, on its business credit with the credit
database approved and founded by The People's Bank of China and credit checking
authorities, or at related agencies or organizations, and shall approve of Party
B’s providing the information of Party A to the credit database approved and
founded by The People's Bank of China and credit checking authorities. Party A
shall also agree to Party B’s fair use and disclosure of the information of
Party A for business needs.

     

    
      	
              4.

            	
              Announcement
      to Press

            

    

     

    Party B
is entitled to notify related agencies or organizations of any one of defaults
occurred to Party A, and is entitled to make announcement to press for such
defaults.
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              5.

            	
              Evidentiary
      Effect of Recordation of Party B

            

    

     

    Unless
otherwise credible and certain evidence to the contrary are tended, any of
internal financial records of Party B containing principal, interest, expense
and repayment, bills of documents and vouchers produced or preserved by Party B
during the course of services, for Party A, involving drawdown, repayment,
interest payment, etc., and dunning records and certificates constitutes
established evidence effectively in proof of the relationship between Party A
and Party B as debtor and creditor. Party A shall not raise an objection only to
production or preservation, by Party B unilaterally, of recordation,
transcription, bills of documents and certificates hereinabove.

     

    
      	
              6.

            	
              Reservation
      of Rights

            

    

     

    Rights of
Party B herein shall not influence or exclude its enjoying any other right in
accordance with laws and regulations or other contracts. Any grace, extension,
preference or moratorium on exercising any right herein against any default or
delay shall not be deemed as waiver of such right and interest herein or
permission or recognition of any breach of contract, nor restrict, deter or
impede continual exercising of such right or exercising of any other rights, nor
cause Party B to assume obligation and responsibility against Party
A.

     

    
      	
              7.

            	
              Besides
      liabilities herein, Party A still owes other matured debts to Party B,
      Party B is entitled to transfer and collect funds (in RMB or other
      currencies) at the accounts of Party A opened with subordinates of China
      Construction Bank for the use of, for the first place, paying off any
      matured debt, and Party A shall agree not to raise an
      objection.

            

    

     

    
      	
              8.

            	
              Party
      A shall immediately notify Party B of any change, in writing, to its
      correspondence address or contact information. Any losses caused by
      untimely notification shall be at the expense of Party
  A.

            

    

     

    
      	
              9.

            	
              Interpretation
      of this Contract shall define genuine intention of terms of this Contract
      in compliance with principles hereinafter: the purpose of this Contract,
      wording, clauses and terms, trading practices and honesty and
      credibility.

            

    

     

    
      	
              10.

            	
              The
      Application for Packing Loan and other vouchers, documents, etc. shall be
      kept as appendices to this Contract and constitute an integral part
      hereof.

            

    

     

    
      	
              11.

            	
              Dispute
      Resolution

            

    

     

    In the
event that any dispute during the course of execution of this Contract is
aroused, both parties hereto shall seek negotiated settlement. In the event that
negotiation fails and both sides hereto have to turn to the way of (1)
hereunder for a settlement.

     

    
      	 	
              (1)

            	
              Bring
      a lawsuit at the local court where Party B
  resides.

            

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
            	
              (2)

            	
              Submit
      their dispute to   
      This Space Intentionally Left Blank   arbitration
      commission (venue of arbitration:  
       This Space Intentionally Left Blank ) in accordance with
      arbitration rules, of this commission, in effect at the time of applying
      for arbitration. The arbitral award is final and binding upon both parties
      hereto. In the event that the dispute or arbitration is now being solved,
      other clauses that involve no dispute shall continue to be
      exercised.

            

    

     

    
      	
              12.

            	
              Execution
      of Contract

            

    

     

    This
Contract shall come into effect unless preconditions hereunder are
satisfied:

     

    This
Contract shall come into effect after being signed and sealed by the legal
representative (principal) or authorized agent of Party A and being signed and
sealed by the principal or authorized agent of Party B.

     

    
      	
              13.

            	
              This
      Contract is drawn up in triplicate.

            

    

     

    
      	
              14.

            	
              Other
      Stipulations

            

    

     

    
      
        
          
            	 	
                    1) 

                  	
                    This
      Space Intentionally Left
Blank

                  

          

        

      

       

      
        
          
            	 	
                    2) 

                  	
                    This
      Space Intentionally Left
Blank

                  

          

        

      

       

    

    Article
X Declarations

     

    
      	
              1.

            	
              Party
      A is well aware of the scope of business and authorizations of Party
      B.

            

    

     

    
      	
              2.

            	
              Party
      A has read through each clause hereof. Party B has given full explanations
      on terms herein in regard to request by Party A. Party A has full
      knowledge and understanding of connotations of each clause and
      corresponding legal consequences.

            

    

     

    
      	
              3.

            	
              Party
      A’s entering into and fulfillment of obligations of this Contract comply
      with laws, administrative regulations and rules, codes, and articles of
      association and internal documentation, and has acquired approval from
      internal powerful authority and/or state’s
  authority.

            

    

     

    Party
A:  
 Shandong Caopu Arts & Crafts Co., Ltd. (Sealed)

     

    Legal
Representative (Principal) or Authorized Agent: Cheng
Chuanyou  

     

    Dated:   
Mar. 9, 2010

     

    Party
B:  
 China Construction Bank Cao County Subbranch (Sealed)

     

    Principal
or Authorized Agent:     
Yao Feng 

     

    Dated:  
 Mar. 9, 2010EXHIBIT
10.14

     

    AMENDMENT
NO. 1 DATED AS OF OCTOBER 22, 2009

    TO
CHINA RESEARCH  GROUP INVESTOR RELATIONS

    CONSULTING AGREEMENT DATED
OCTOBER 21, 2009

     

    Amendment
No. 1 (“Amendment
No. 1”), dated as of October 22, 2009 by and between China Research
Group, Inc. (“CRG”),
Shandong Caopu Arts and Crafts Co., Ltd., an entity established under the laws
of the Peoples Republic of China (the “Company”)
and China Shandong Industries, Inc., a Delaware corporation (“CSII”)
to the China Research Group Investor Relations Consulting Agreement dated
October 21, 2009 by and between CRG and the Company (the “Agreement”)

     

    WHEREAS, certain disputes have
arisen between Shandong and CRG relating to the Agreement; and

     

    WHEREAS, to settle such
disputes and avoid possible litigation, the parties hereto are desirous of
amending the Agreement and assigning certain rights and obligations under the
Agreement, all as provided herein.

     

    NOW,
THEREFORE, IT IS AGREED AS FOLLOWS:

     

    1.           All
defined terms, not otherwise expressly defined herein, shall have the meaning
given them in the Agreement.

     

    2.           The
term “Client”
under the Agreement shall mean CSII.

     

    3.           The
Company hereby assigns all of its rights and obligations to issue the Shares,
Warrant Shares and Warrants (all as defined in Section 4 below) under the
Agreement to CSII and CSII accepts the same.  CRG hereby expressly
consents to the foregoing assignment.

     

    4.           Section
4 of the Agreement is hereby terminated in its entirety and replaced by the
following:

     

    4.  COMPENSATION

     

    In
consideration of CGI providing the consulting services set forth herein, CSII
shall issue the following securities:

     

    (a)           100,000
shares (the “Shares”)
of its common stock (the “Common
Stock”).  Certificates representing the Shares shall bear the
following:  (i) a standard restrictive legend as provided under the
Securities Act of 1933, as amended, and (ii) a legend disclosing the existence
of the Lock-Up (as provided in Section 8
hereof).

     

    (b)           A
2 year warrant (the “Warrant”)
to purchase 300,000 shares of Common Stock (the “Warrant
Shares”) at an exercise price (the “Exercise
Price”) equal to the greater of the per share public offering price of a
share of Common Stock in the Company’s proposed underwritten public offering of
its securities, and (ii)  $3.30 per share (the “Alternate
Exercise Price”).  The Warrants shall not be exercisable until
November 13, 2010.

     

    (c)           Notwithstanding
anything to the contrary provided herein or elsewhere, the number of Shares and
Warrant Shares shall be decreased proportionately for all reverse stock splits
following the date hereof and the $3.30 Alternate Exercise Price shall be
increased proportionately for all reverse stock splits following the date
hereof.  The Warrant Shares and the Shares shall have piggy back
registration rights commencing with any selling shareholder registration
statement filed by the Company with the Securities and Exchange Commission (the
“SEC”)
following the closing of Company’s first underwritten public offering of its
Common Stock.  In connection therewith and as a condition to inclusion
of the Shares and Warrant Shares in any such registration statement, CRG shall
complete and execute a customary selling shareholder questionnaire that other
selling shareholders are required to complete.
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.           CSII
agrees that for purposes of calculating the holding period of the Shares under
Rule 144 under the Securities Act of 1933, as amended, the Shares shall be
deemed to have been fully earned by CRG on October 21, 2009, the date of
execution of the Agreement.  Notwithstanding the above, any sale,
disposition and/or transfer of the Shares is subject to the
Lock-Up.

     

    6.          
Notwithstanding anything to the contrary provided herein, in this Amendment No.
1, the Agreement and/or elsewhere, CRG expressly agrees that no expenses and/or
compensation (other than the Shares and Warrants as provided in Section 4 hereof) is
owed and/or due (and/or in the future will be due or owed) to CRG from the
Company, CSII and/or any other of their respective affiliates or any other
person pursuant to this Amendment No. 1, the Agreement and/or otherwise and that
no payments have been late.

     

    7.           CRG
hereby expressly agrees that it will not directly or indirectly and/or through
any third party sell, transfer, hypothecate and/or otherwise dispose of any of
the Shares, the Warrants and/or the Warrant Shares until the later to occur of
(i) November 13, 2010, the date twelve (12) months following the date CSNH filed
its Current Report on Form 8-K with the SEC disclosing its acquisition of the
Company and various of its affiliates, and (ii) six (6) months from the date of
the Company’s underwritten public offering of its common stock (the “Lock-Up”).

     

    8.           Section
16 is hereby deleted in its entirety and replaced by the following:

     

    a.           This
Agreement shall be governed by and construed solely and exclusively in
accordance with the internal laws of the State of New York without regard to the
conflicts of laws principles thereof. The Parties hereto hereby expressly and
irrevocably agree that any suit or proceeding arising directly and/or indirectly
pursuant to or under this Agreement shall be brought solely in a federal or
state court located in the City, County and State of New York. By its execution
hereof, the Parties hereby covenant and irrevocably submit to the in personam jurisdiction
of the federal and state courts located in the City, County and State of New
York and agree that any process in any such action may be served upon any of
them personally, or by certified mail or registered mail upon them or their
agent, return receipt requested, with the same full force and effect as if
personally served upon them in New York City. The Parties hereto expressly and
irrevocably waive any claim that any such jurisdiction is not a convenient forum
for any such suit or proceeding and any defense or lack of in personam jurisdiction
with respect thereto. In the event of any such action or proceeding, the Party
prevailing therein shall be entitled to payment from the other Party hereto of
all of its reasonable counsel fees and disbursements.

     

    9.           The
Parties hereto agree that Section 6, Section 7 and Section 8 of the Agreement
are hereby deleted in their entirety.

     

    10.         Except
as expressly amended hereby the Agreement shall remain in full force and effect
including, but not limited to, the obligation of CRG to perform all of the
services it agreed to provide in the Agreement.

     

    11.         This
Amendment No. 1 shall be governed by and construed solely and exclusively in
accordance with the internal laws of the State of New York without regard to the
conflicts of laws principles thereof. The Parties hereto hereby expressly and
irrevocably agree that any suit or proceeding arising directly and/or indirectly
pursuant to or under this Agreement shall be brought solely in a federal or
state court located in the City, County and State of New York. By its execution
hereof, the Parties hereby covenant and irrevocably submit to the in personam jurisdiction
of the federal and state courts located in the City, County and State of New
York and agree that any process in any such action may be served upon any of
them personally, or by certified mail or registered mail upon them or their
agent, return receipt requested, with the same full force and effect as if
personally served upon them in New York City. The Parties hereto expressly and
irrevocably waive any claim that any such jurisdiction is not a convenient forum
for any such suit or proceeding and any defense or lack of in personam jurisdiction
with respect thereto. In the event of any such action or proceeding, the Party
prevailing therein shall be entitled to payment from the other Party hereto of
all of its reasonable counsel fees and disbursements.
 

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    SIGNATURE
PAGE

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1 as of
October 22, 2009.

     

    
      
        	
                CHINA
      SHANDONG INDUSTRIES, INC.

              
	 
      	 
      
	
                By: 

              	
                /s/ Jinliang Li

              
	 
      	
                Name:

              
	 
      	
                Title:

              
	 
      	 
      
	
                SHANDONG
      CAOPU ARTS AND CRAFTS CO., LTD.

              
	 
      	 
      
	
                By:

              	
                /s/ Jinliang Li

              
	 
      	
                Name:

              
	 
      	
                Title:

              
	 
      	 
      
	
                CHINA
      RESEARCH GROUP, INC.

              
	 
      	 
      
	
                By:

              	
                /s/ Adrian James

              
	 
      	
                Name:  Adrian
      James

              
	 
      	
                Title:  President

              

      

    
 

    
      
         

      

      
        3

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