Document:

Unassociated Document

    Loan
      Agreement

    
 

    By
      and between

    

    The
      Shareholders of Daqing Qingkelong Chain Commerce & Trade Co.,
      Ltd.

    

    and

    

    Speedy
      Brilliant (Daqing) Consulting Company Limited

     

    

    March
      28th
      , 2008

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	Loan
              Agreement

    

     

    Loan
      Agreement

    

    This
      Loan
      Agreement (this “Agreement”) is executed by and between the following Parties on
      March 28th,
      2008,
      in Daqing, PRC.

    

    (1)
      All Shareholders of Daqing Qingkelong Chain Commerce & Trade Co., Ltd.
      (hereinafter collectively called the “Borrowers” or “Party
      A”),
      and the
      shareholding structure refers to the following:

    

    
      	
              Name
                of the Shareholders

            	
              Shareholding
                Ratio (%)

            	
              ID
                Card No.

            	
              Contact
                Address

            
	
              Wang
                Zhuangyi

            	
              66.08

            	
              230602196001023411

            	
              Suite
                2-801, No.107 of Shidailijing, Reyuan Street, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Wang
                Shuai

            	
              15.95

            	
              23060219850921711X

            	
              Suite
                2-801, No.107 of Shidailijing, Reyuan Street, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Zheng
                Limin

            	
              10.82

            	
              23060219631013342X

            	
              Suite
                2-801, No.107 of Shidailijing, Reyuan Street, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Teng
                Wenbin

            	
              1.36

            	
              230603196905232116

            	
              Suite
                2-103, No.72-1 of Wolitun Street, Long Feng District, Daqing,
                Heilongjiang, 163000

            
	
              Li
                Zhongfen

            	
              1.36

            	
              23060219591111342X

            	
              Suite
                1-502, No.2-4 o f Yuanyuan Community, Ranghu Road, Daqing, Heilongjiang,
                163000

            
	
              Feng
                Shuxia

            	
              1.30

            	
              230822196811135825

            	
              Suite
                5-102, No.3-48 of WanBao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Zhang
                Yueping

            	
              0.54

            	
              230602197110256227

            	
              Suite
                1-202, No.2-20 of Shengxin Community, Ranghu District, Daqing,
                Heilongjiang, 163314

            
	
              Li
                Xiaoqiu

            	
              0.54

            	
              230602196409240022

            	
              Suite
                6-101, No.5-15 of Weijiu Road, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Fan
                Xishuang

            	
              0.41

            	
              230604196312060829

            	
              Suite
                1-602, No.B-14 of Liminghe Community, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Wei
                Chuanyu

            	
              0.33

            	
              232332196607210936

            	
              Suite
                5-201, No.3-48 of Wanbao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Han
                Jinhong

            	
              0.30

            	
              372922197004268712

            	
              Suite
                5-202, No.3-48 of Wanbao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Zhang
                Lihui

            	
              0.27

            	
              230602601029081

            	
              Suite
                1-301, Xincun HB Community, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Ding
                Yinxia

            	
              0.27

            	
              230623197404180047

            	
              Single
                Community, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Wang
                Yan

            	
              0.11

            	
              230602197002120816

            	
              Suite
                5-402, No.56-1 of Ka’er Jiali Road, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Li
                Jing

            	
              0.08

            	
              230602197606075163

            	
              Suite
                2-502, No.2-15 of Sa’ertu Street, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Wang
                Shuchang

            	
              0.05

            	
              232325196908203234

            	
              Suite
                2-204, No.3-56 of Wanbao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Cai
                Yingli

            	
              0.05

            	
              230707197506250224

            	
              No.3
                Group, Donglinwei, Tielin Street, Xinqing District, Yichun, Heilongjiang,
                153000

            
	
              Zhang
                Xueying

            	
              0.05

            	
              230606197207260025

            	
              Suite
                3-11, No.41 Xiang, Longhua Road, Longfeng District, Daqing, Heilongjiang,
                163711

            
	
              Yao
                Li

            	
              0.03

            	
              232623197812290028

            	
              Suite
                2-102, No.10-18 of Tianhe Community, Wei’er Road, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Su
                Zhongbo

            	
              0.03

            	
              232302681208042

            	
              Suite
                8-502, No.5-22 of Weijiu Road, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Wang
                Zhanfu

            	
              0.03

            	
              23011919780829433X

            	
              Suite
                1-301, No.3-47 of Wanbao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Lu
                Anwen

            	
              0.03

            	
              230602197902274028

            	
              Suite
                6-501, No.S-05 of Lvcejiayuan, Weishiyi Road, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Total

            	
              100

            	
              230602196001023411

            	
              Suite
                2-801, No.107 of Shidailijing, Reyuan Street, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
       

      
        	Loan
                Agreement

      

       

    

    (2)
      Speedy Brilliant (Daqing) Consulting Company Limited (hereinafter referred
      to as
      the “Lender” or “Party B”) 

     

    Legal
      RepresentativeæWang
      Zhuangyi

     

    AddressæNo.1-9,
      Hubin Community, Gaoxin District, Daqing

    

    (Party
      A
      and Party B are collectively called “the
      Parties” and individually called “each Party” or “a Party” in this agreement.)

    

    WHEREAS:

    

    (1)
      Borrowers (Party A) hold 100% of the equity interests in Daqing Qingkelong
      Chain
      Commerce & Trade Co., Ltd. (the “Company”);

    

    (2)
      Party
      B is a wholly foreign-owned enterprise incorporated under PRC laws;

    

    (3)
      Party
      A desires to secure a loan from Party B, for the purpose of increasing the
      registered capital of the Company, by pledging its equity in the Company to
      Party B as a guaranty of the loan, and Party B agrees to provide the loan to
      Party A ; 

    

    NOW,
      THEREFORE, The
      Parties have agreed through friendly negotiation to the terms and conditions
      with respect to the loan hereunder as follows:

    

    1.
      DEFINITION

    

    Except
      where provided otherwise, the terms used in this Agreement shall
      mean:

    

    1.1
“PRC”
      refers to the People’s Republic of China, excluding the Hong Kong Special
      Administrative Region, Macao Special Administrative Region and Taiwan
      Province;

    

    1.2
“PRC
      Laws” refers to all PRC laws, administrative regulations and government rules in
      effect;

    

    1.3
“RMB”
      refers to the legal currency within the PRC;

    

    1.4
      “Loan” refers to the Total Principal to be loaned to the Borrowers by the Lender
      in accordance with Article 2 hereunder;

    

    1.5
“The
      Company” refers to Daqing Qingkelong Chain Commerce & Trade Co., Ltd., a
      domestic company which is incorporated and validly existing under PRC Laws;
      its
      business license No. is 2306022100591, and its registered address is Jiqi
      Street, Dongfeng Village, Sartu District, Daqing;

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
       

      
        	Loan
                Agreement

      

       

    

    1.6
      “Shareholder” refers to each of the Shareholders in the Company;

    

    1.7
      “Equity” or “Equity Interests” refers to the equity interests in the
      Company;

    

    1.8
      “Equity Transfer” refers to the assignment of Equity Interests in the Company
      held by Party A to Party B or its designated third party in accordance with
      the
      provisions of the exclusive purchase option agreement (the “Exclusive Purchase
      Option Agreement”) executed on March 28th,
      2008.

    

    1.9
      “Asset Transfer” refers to the assignment of the assets of the Company by the
      Company to Party B or its designated third party in accordance with the
      provisions of the Exclusive Purchase Option Agreement.

    

    1.10
      “Consideration for Equity Transfer” has the meaning set forth in Section 6 of
      this Agreement.

    

    1.11
      “Consideration for Assets Transfer” has the meaning set forth in Section 6 of
      this Agreement.

     

     

    2.
      THE TOTAL LOAN AMOUNT 

    

    2.1
      The
      total principal amount of the loan hereunder is RMB 77,000,000
      Yuan
      (the
“Total Principal”), and the amount and ratio of the loan to be made to each
      Shareholder are as set forth in the following table: 

    

    
      	
              Name
                of the Shareholders

            	
              Amount
                of the Loan (Ten Thousand Yuan)

            	
              Percentage
                of Total Principal (%)

            
	
              Wang
                Zhuangyi

            	
              5088.16

            	
              66.08

            
	
              Wang
                Shuai

            	
              1228.16

            	
              15.95

            
	
              Zheng
                Limin

            	
              833.14

            	
              10.82

            
	
              Teng
                Wenbin

            	
              104.72

            	
              1.36

            
	
              Li
                Zhongfen

            	
              104.72

            	
              1.36

            
	
              Feng
                Shuxia

            	
              100.1

            	
              1.30

            
	
              Zhang
                Yueping

            	
              41.58

            	
              0.54

            
	
              Li
                Xiaoqiu

            	
              41.58

            	
              0.54

            
	
              Fan
                Xishuang

            	
              31.57

            	
              0.41

            
	
              Wei
                Chuanyu

            	
              25.41

            	
              0.33

            
	
              Han
                Jinhong

            	
              23.1

            	
              0.30

            
	
              Zhang
                Lihui

            	
              20.79

            	
              0.27

            
	
              Ding
                Yinxia

            	
              20.79

            	
              0.27

            
	
              Wang
                Yan

            	
              8.47

            	
              0.11

            
	
              Li
                Jing

            	
              6.16

            	
              0.08

            
	
              Wang
                Shuchang

            	
              3.85

            	
              0.05

            
	
              Cai
                Yingli

            	
              3.85

            	
              0.05

            
	
              Zhang
                Xueying

            	
              3.85

            	
              0.05

            
	
              Yao
                Li

            	
              2.31

            	
              0.03

            
	
              Su
                Zhongbo

            	
              2.31

            	
              0.03

            
	
              Wang
                Zhanfu

            	
              2.31

            	
              0.03

            
	
              Lu
                Anwen

            	
              2.31

            	
              0.03

            
	
              Total

            	
              7700.00

            	
              100

            

    

     

    
      
        
        

      

      
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        	Loan
                Agreement

      

       

    

    3.
      TERM OF THIS AGREEMENT

    

    3.1
      Unless otherwise provided, the term of this Agreement shall begin from the
      Effective Date and expire when the loan is completely repaid by the Borrowers
      in
      accordance with the provisions of Article 6 hereunder.

     

     

    4.
      LOAN USAGE

    

    4.1
      The
      full amount of the loan provided hereunder shall be used to increase the
      registered capital of the Company, and the Borrowers shall in no event change
      the usage without the prior written consent of the Lender.

    

    4.2
      The
      Borrowers shall cause the Company to complete the registration of the Company
      with the competent Administration Bureau of Industry and Commerce in respect
      of
      the increase in the registered capital of the Company within 30 business days
      upon receipt of the Loan hereunder, and such period may be prolonged upon the
      consent of the Lender.

     

     

    5.
      LOAN INTEREST 

    

    5.1
      Except as provided in Section 5.2 hereunder, the Loan hereunder shall be
      interest-free.

    

    5.2
      If
      the Consideration for Equity Transfer or the Consideration for Asset Transfer,
      in accordance with Section 6 hereof, is higher than the Total Principal as
      a
      result of the requirements of then applicable law or for any other reason,
      the
      excess shall be deemed to be loan interest/utilizing fees of the Loan to the
      largest extent permitted by PRC Laws, and will be paid to Party B by Party
      A
      together with loan principal.

     

     

    6.
      LOAN REPAYMENT 

    

    6.1
      The
      Loan shall be repaid upon receipt of written notice sent by Party B to Party
      A
      (the “Repayment Notice”), which shall instruct Party A to repay the Loan in
      accordance with Section 6.3.1 or 6.3.2 hereof.

     

    
      
        
        

      

      
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        	Loan
                Agreement

      

       

    

    6.2
      The
      Repayment Notice shall indicate the term of repayment, which shall be adjusted
      from time to time by Party B in accordance with the provisions of PRC Laws
      regarding equity transfers (the “Repayment Term”).

    

    6.3
      Except as provided otherwise by the Repayment Notice, Party A shall make payment
      to Party B during the Repayment Term as follows:

    

    6.3.1
      In
      the event of any Equity Transfer by Party A, the after-tax consideration paid
      to
      Party A in exchange for such Equity Transfer (including the principal and
      interest of the loan, if applicable) (hereinafter referred to as the
“Consideration for Equity Transfer”) shall be used by Party A to repay the Loan
      to Party B;

    

    6.3.2
      In
      the event that the Company receives consideration for any Asset Transfer, Party
      A shall cause the Company to adopt a plan of profit distribution to transfer
      all
      after-tax income of the Company to Party B to the greatest extent permitted
      by
      PRC Laws, in order to repay the loan made by Party B under this
      agreement.

    

    6.4
      If
      the Consideration for Equity Transfer or Consideration for Asset Transfer is
      lower than the total principal under this Agreement, Party A shall be exempted
      from the shortfall repayment obligation.

    

    

    7.
      CONDITONS FOR GRANTING OF THE LOAN

    

    7.1
      The
      loan shall be granted only upon satisfaction of all the following
      conditions:

    

    7.1.1
      Party A shall cause the Shareholders General Meeting of the Company to approve
      increasing the registered capital by an amount equal to the Total
      Principal.

    

    7.1.2
      Party A, or the Company on behalf of Party A, shall execute all documents
      necessary for the registration with the competent Administration Bureau of
      Industry and Commerce in respect of the increase of registered capital of the
      Company.

    

    7.2
      Party
      B shall grant the Loan immediately and deposit it in the escrow account as
      agreed by Party B for increasing the registered capital of the Company after
      it
      receives written evidence which proves that Party A has fulfilled all the
      conditions under Section 7.1 hereof.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
       

      
        	Loan
                Agreement

      

       

    

    8.
      WARRANTIES AND UNDERTAKINGS

    

    8.1
      Party
      A hereby represents and warrants to Party B that, as of the execution date
      of
      this Agreement:

    

    8.1.1
      Party A legally holds 100% of the Equity in the Company;

    8.1.2
      Except as otherwise provided in the Equity Pledge Agreement and Exclusive
      Purchase Option Agreement, there is no pledge or other form of encumbrance
      on
      the Equity;

    8.1.3
      There are no material debts which will adversely affect the Equity of Party
      A;

    8.1.4
      Execution of this Agreement by Party A shall not constitute a breach of the
      articles of association of the Company.

    

    8.2
      Party
      A warrants to Party B that, as of the execution date of this
      Agreement:

     

    8.2.1
      Except as otherwise provided in the Equity Pledge Agreement and Exclusive
      Purchase Option Agreement, without Party B’s prior written consent, Party A
      shall not transfer, sell, mortgage or otherwise dispose of assets or income
      of
      the Company;

    8.2.2
      Without Party B’s prior written consent, Party A shall not supplement or amend
      the articles of association or rules of the Company, nor shall it increase
      or
      decrease the registered capital or change the shareholding structure of the
      Company in any manner;

    8.2.3
      Without Party B’s prior written consent, Party A shall not cause or allow the
      Shareholders’ General Meeting of the Company to approve the resolutions for the
      Company or any subsidiary controlled or wholly owned by the Company to dissolve,
      liquidate or change legal form; 

    8.2.4
      Without Party B’s prior written consent, Party A shall not cause or allow the
      Shareholders’ General Meeting of the Company to approve any Profit Distribution
      Proposal, nor shall it accept such a distributed dividend; and at Party B’s
      request, Party A shall promptly approve a Profit Distribution Proposal and
      accept such a distributed dividend;

    8.2.5
      At
      Party B’s request, Party A shall provide Party B with all information regarding
      Party B’s business operations and financial condition;

    8.2.6
      Without Party B’s prior written consent, Party A shall not incur or succeed to
      any debts or liabilities which may adversely affect its Equity
      Interests;

    8.2.7
      Party A shall appoint, and appoint only, the candidates nominated by Party
      B to
      the board of directors of the Company, and shall not replace such candidates
      without Party B’s written consent;

    8.2.8
      Without Party B’s prior written consent; Party A shall not cause or allow the
      board of directors of the Company appointed by Party A to approve any
      acquisition of, any consolidation with, or any investment in any third
      party;

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
       

      
        	Loan
                Agreement

      

       

    

    8.2.9
      Party A shall promptly notify Party B of any pending or threatened lawsuit,
      arbitration or administrative dispute which involves the assets, business or
      income of the Company; and shall make every effort to take action to resolve
      such lawsuit, arbitration or administrative dispute in order to safeguard the
      legal rights and interests of the Company;

    8.2.10
      Without Party B’s prior written consent, Party A shall not commit any act or
      omission that would materially affect the Company’s assets, business or
      liabilities;

    8.2.11
      Party A shall strictly comply with the provisions of this Agreement, and
      effectively perform its obligations hereunder, and shall be prohibited from
      committing any act or omission which may affect the validity or enforceability
      of this Agreement.

    

    8.3
      Party
      A
      warrants to Party B that it shall
      use
      its best efforts to ensure that the Company:

     

    8.3.1
      shall not, without Party B’s prior written consent, supplement or amend the
      articles of association or rules of the Company, or any subsidiary controlled
      or
      wholly owned by the Company, in any manner, nor shall it increase or decrease
      the registered capital or change the shareholding structure of the aforesaid
      entities in any manner;

    8.3.2
      shall prudently and effectively maintain its business operations according
      to
      good financial and business standards so as to maintain or increase the value
      of
      its assets;

    8.3.3
      shall not transfer, mortgage or otherwise dispose of the lawful rights and
      interests to and in its assets or incomes, nor shall it encumber its assets
      and
      income in any way that would affect Party B’s security interests unless as
      required for the business operations of the Company or upon prior written
      consent by Party B;

    8.3.4
      shall not incur or succeed to any debts or liabilities without Party B’s prior
      written consent;

    8.3.5
      without Party B’s prior written consent, shall not enter into any material
      contract (exceeding RMB 5,000,000 in value);

    8.3.6
      without Party B’s prior written consent, shall not provide any loans or guaranty
      to any third party;

    8.3.7
      at
      Party B’s request, shall provide Party B with all information regarding the
      Company’s business operation and financial condition;

    8.3.8
      without Party B’s prior written consent, shall not acquire or consolidate with
      any third party, nor shall it invest in any third party;

    8.3.9
      shall
      promptly notify Party B of any pending or threatened lawsuit, arbitration or
      administrative dispute which involves the assets, business or income of the
      Company; and shall make every effort to take action to resolve such lawsuit,
      arbitration or administrative dispute in order to safeguard the legal rights
      and
      interests of the Company;

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    
       

      
        	Loan
                Agreement

      

       

    

    8.3.10
      without Party B’s prior written consent, shall not distribute any dividends to
      the shareholders in any manner, and, at Party B’s request, shall promptly
      distribute all distributable dividends to the shareholders;

    8.3.11
      without Party B’s prior written consent, shall not commit any act or omission
      that would materially affect the Company’s assets, business or
      liabilities.

     

     

    9.
      GUARANTY OF THE LOAN

    

    9.1
      To
      secure the repayment of the debts under this Agreement, Party A agrees to pledge
      all its equity in the Company to Party B, and both Parties agree to execute
      the
      Equity Pledge Agreement with respect thereto. 

     

     

    10.
      TAX AND EXPENSE

    

    10.1
      The
      Parties shall pay their respective taxes and expenses in relation to the
      execution and performance hereof in accordance with PRC Laws.

    

    10.2
      Party B shall pay taxes and expenses in accordance with Section 6.4 hereof
      (if
      applicable).

     

     

    11.
      ASSIGNMENT OF AGREEMENT 

    

    11.1
      Party A shall not transfer any or all of its rights and obligations under this
      Agreement to any third party without the prior written consent of Party
      B.

    

    11.2
      The
      Parties agree that Party B shall have the right to transfer any or all of its
      rights and obligations under this Agreement to any third party upon a six (6)
      days’ written notice to Party A without approval by Party A.

     

     

    12.
      LIABILITIES AND INDEMITIES FOR BREACH OF THIS AGREEMENT 

    

    12.1
      If
      Party A uses the Loan other than in compliance with the terms of this Agreement,
      Party B shall require Party A repay the improperly used part
      promptly.

    

    12.2
      If
      Party A breaches the warranties and undertakings as provided in Article 8 hereof
      or other provisions under this Agreement and fails to redress such breach within
      60 days upon receipt of written notice from Party B, Party B shall be entitled
      to require Party A to repay the granted Loan promptly. 

     

    
      
        
        

      

      
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        	Loan
                Agreement

      

       

    

    13.
      EFFECTIVENESS, MODIFICATION AND CANCELLATION

    

    13.1
      This
      Agreement shall take effect on the date of execution hereof by Party A and
      the
      duly authorized representatives of Party B.

    

    13.2
      The
      modification of this Agreement shall not be effective without written agreement
      through negotiation. If the Parties do not reach an agreement as to
      modification, this Agreement remains effective.

    

    13.3
      This
      Agreement shall not be discharged or canceled without written agreement through
      negotiation, provided that Party B may, by giving thirty (30) days’ prior notice
      to Party A, terminate this Agreement.

    

    13.4
      Unless Party B fails to grant the Loan as required hereunder after the
      satisfaction of all conditions as set forth in Section 7.1 hereof
      by
      Party A, Party A shall in no event unilaterally terminate this
      Agreement.

    

    13.5
      If
      Party B fails to provide the Loan in accordance with the terms hereof, this
      Agreement shall be automatically terminated.

     

     

    14.
      CONFIDENTIALITY

    

    14.1
      Any
      information, documents, data and all other materials (herein “confidential
      information”) arising out of the negotiation, signing, and implementing of this
      Agreement shall be kept in strict confidence by the Parties. Without the written
      approval of the other Parties, no Party shall disclose to any third party any
      relevant materials, but the following circumstances shall be
      excluded:

    (1)
      Material that is known or may be known by the Public (but not including material
      disclosed by each party receiving the materials);

    (2)
      Material required to be disclosed subject to the applicable laws or the rules
      or
      provisions of a stock exchange; or 

    (3)
      Material disclosed by each Party to its legal or financial consultant relating
      to the transaction of this Agreement, and this legal or financial consultant
      shall comply with the confidentiality set forth in this Section. The disclosure
      of confidential material by staff or a consignee of any Party shall be deemed
      to
      be disclosure of such materials by such Party, and such Party shall bear the
      liabilities for breaching the contract.

    

    14.2
      This
      Clause shall survive whether this Agreement is invalid, amended, revoked,
      terminated or incapable of implementation for any reason. 

     

     

    15.
      FORCE MAJEURE

    

    15.1
      “Force Majeure” refers that any event that could not be foreseen, and could not
      be avoided and overcome, which includes among other things, but without
      limitation, acts of nature (such as earthquakes, flood or fire), government
      acts, strikes or riots. 

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
       

      
        	Loan
                Agreement

      

       

    

    15.2
      If
      an event of force majeure occurs, any of the Parties that is prevented from
      performing its obligations under this Agreement by an event of force majeure
      shall notify the other Party without delay and within fifteen (15) days of
      the
      event provide detailed information about and notarized documents evidencing
      the
      event, shall take appropriate means to minimize or remove the negative effects
      of force majeure on the other Party and shall not assume the liabilities for
      breaching this Agreement. The Parties shall continue performing this Agreement
      after the event of force majeure disappears.

    
 

    16.
      GOVERNING LAW AND DISPUTE RESOLUTION

    

    16.1
      The
      effectiveness, interpretation, implementation and dispute-resolution related
      to
      this Agreement shall be governed under PRC Laws.

    

    16.2
      Any
      dispute arising out of this Agreement shall be resolved by both parties through
      mutual negotiation. If both parties cannot reach an agreement within 30 days
      from the date on which the dispute is brought forward, either Party may submit
      the dispute to the Beijing Arbitration Commission for arbitration under its
      applicable rules, and the language of arbitration proceedings shall be Chinese.
      The arbitration award shall be final and binding upon both parties.

    

    16.3
      During the process of dispute-resolution, both parties shall continue to perform
      other terms under this Agreement, except for the provisions subject to the
      dispute resolution.

     

     

    17.
      MISCELLANEOUS

    

    17.1
      The
      Parties acknowledge that this Agreement constitutes the entire agreement of
      the
      Parties with respect to the subject matters herein and supersedes and replaces
      all prior or contemporaneous oral or written agreements and understandings.
      

    

    17.2
      This
      Agreement shall bind and benefit the successor of each Party and any transferee
      permitted hereunder with the same rights and obligations as if such successor
      or
      transferee were an original party hereto. 

    

    16.3
      Any
      notice required to be given or delivered to the Parties hereunder shall be
      in
      writing and delivered to the address as indicated below or such other address
      or
      as such party may designate, in writing, from time to time. All notices shall
      be
      delivered by personal delivery, fax or registered mail. It shall be deemed
      to be
      delivered upon: (1) registered air mail: 5 business days after deposit in the
      mail; (2) personal delivery: 2 business days after transmission. If the notice
      is delivered by fax, it should be confirmed by original through registered
      air
      mail or personal delivery:

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
       

      
        	Loan
                Agreement

      

       

    

    The
      Representative designated by Party A: 

    Contact
      person: Wang Zhuangyi

    Address:
      Jing Qi Street, Dongfengxin Village, Sa’ertu District, Daqing City

    Tel:
      86-459-460-7825

    Fax:
      86-459-460-7015

    

    Party
      B:

    Contact
      person: Yueping Zhang

    Address:
      Hubin No.1-9, Hi-tech Zone, Daqing, 163312

    Tel:
      86-459-460-7987

    Fax:
      86-459-460-7380

    

    17.4
      This
      Agreement is executed in 23 originals with each of the person for signing this
      Agreement holding one original, and each of originals shall be equally valid
      and
      authentic.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    
       

      
        	Loan
                Agreement

      

       

    

    IN
      WITNESS THEREFORE,
      the
      parties hereto have caused this Agreement to be executed and delivered as of
      the
      date first above written.

     

    For
      and on behalf of

    

    Party
      A All
      Shareholders of Daqing Qingkelong Chain Commerce&Trade Co., Ltd.

    

    
      	
              Name
                of the Shareholders

            	
              Signature

            	
              Name
                of the Shareholders

            	
              Signature

            
	
              Wang
                Zhuangyi

            	 	
              Zhang
                Lihui

            	 
	
              Wang
                Shuai

            	 	
              Ding
                Yinxia

            	 
	
              Zheng
                Limin

            	 	
              Wang
                Yan

            	 
	
              Teng
                Wenbin

            	 	
              Li
                Jing

            	 
	
              Li
                Zhongfen

            	 	
              Wang
                Shuchang

            	 
	
              Feng
                Shuxia

            	 	
              Cai
                Yingli

            	 
	
              Zhang
                Yueping

            	 	
              Zhang
                Xueying

            	 
	
              Li
                Xiaoqiu

            	 	
              Yao
                Li

            	 
	
              Fan
                Xishuang

            	 	
              Su
                Zhongbo

            	 
	
              Wei
                Chuanyu

            	 	
              Wang
                Zhanfu

            	 
	
              Han
                Jinhong

            	 	
              Lu
                Anwen

            	 

    

    

    Party
      B Speedy
      Brilliant (Daqing) Consulting Company Limited (Seal)

    

    Legal
      Representative (or Authorized Representative): Wang Zhuangyi 

    Signature
                                               
      

     

    
      
        
        

      

      
        12Unassociated Document

    
      
        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

       

    

    EXCLUSIVE
      PURCHASE OPTION AGREEMENT

    

    

    by
      and among

    

    

    SPEEDY
      BRILLIANT (DAQING)
      COMMERICIAL
      CONSULTING COMPANY LIMITED

    

    

    DAQING
      QINGKELONG CHAIN COMMERCE&TRADE CO., LTD., 

    

    

    and

    

    

    THE
      SHAREHOLDERS SIGNATORIES THERETO

    

    

    March
      28th,
      2008

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
         

        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

      EXCLUSIVE
        PURCHASE OPTION AGREEMENT 

    

    

    This
      Exclusive Option Purchase Agreement (the “Agreement”) is executed by the
      following parties on March 28th,
      2008 in
      Daqing, Heilongjiang Province, the People’s Republic of China.

    

    (1) Speedy
      Brilliant (Daqing) Commercial Consulting Company Limited 

    (“Party
      A”)

     

    Registered
      Address: No.1-9, Hubin Community, Gaoxin District, Daqing

    

    Legal
      representative: Wang Zhuangyi

    

    (2) Daqing
      Qingkelong Chain Commerce&Trade Co., Ltd. (“Party B”)

     

    Registered
      Address: Jing Qi Street, Dongfengxin Village, Sa’ertu District, Daqing
      City.

    

    Legal
      representative: Wang Zhuangyi

    

    (3)
      The Shareholders of Daqing Qingkelong Chain Commerce&Trade Co., Ltd.
      (“Shareholders”)

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
      
         

        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

    

    
      	
              Name
                of the Shareholders

            	
              Shareholding
                Ratio in the Company (%)

            	
               

              ID
                Card No.

            	
               

              Address

            
	
              Wang
                Zhuangyi

            	
              66.08

            	
              230602196001023411

            	
              Suite
                2-801, No.107 of Shidailijing, Reyuan Street, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Wang
                Shuai

            	
              15.95

            	
              23060219850921711X

            	
              Suite
                2-801, No.107 of Shidailijing, Reyuan Street, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Zheng
                Limin

            	
              10.82

            	
              23060219631013342X

            	
              Suite
                2-801, No.107 of Shidailijing, Reyuan Street, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Teng
                Wenbin

            	
              1.36

            	
              230603196905232116

            	
              Suite
                2-103, No.72-1 of Wolitun Street, Long Feng District, Daqing,
                Heilongjiang, 163000

            
	
              Li
                Zhongfen

            	
              1.36

            	
              23060219591111342X

            	
              Suite
                1-502, No.2-4 o f Yuanyuan Community, Ranghu Road, Daqing, Heilongjiang,
                163000

            
	
              Feng
                Shuxia

            	
              1.30

            	
              230822196811135825

            	
              Suite
                5-102, No.3-48 of WanBao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Zhang
                Yuepin

            	
              0.54

            	
              230602197110256227

            	
              Suite
                1-202, No.2-20 of Shengxin Community, Ranghu District, Daqing,
                Heilongjiang, 163314

            
	
              Li
                Xiaoqiu

            	
              0.54

            	
              230602196409240022

            	
              Suite
                6-101, No.5-15 of Weijiu Road, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Fan
                Xishuang

            	
              0.41

            	
              230604196312060829

            	
              Suite
                1-602, No.B-14 of Liminghe Community, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Wei
                Chuanyu

            	
              0.33

            	
              232332196607210936

            	
              Suite
                5-201, No.3-48 of Wanbao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Han
                Jinhong

            	
              0.30

            	
              372922197004268712

            	
              Suite
                5-202, No.3-48 of Wanbao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Zhang
                Lihui

            	
              0.27

            	
              230602601029081

            	
              Suite
                1-301, Xincun HB Community, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Ding
                Yinxia

            	
              0.27

            	
              230623197404180047

            	
              Single
                Community, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Wang
                Yan

            	
              0.11

            	
              230602197002120816

            	
              Suite
                5-402, No.56-1 of Ka’er Jiali Road, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            
	
              Li
                Jing

            	
              0.08

            	
              230602197606075163

            	
              Suite
                2-502, No.2-15 of Sa’ertu Street, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Wang
                Shuchang

            	
              0.05

            	
              232325196908203234

            	
              Suite
                2-204, No.3-56 of Wanbao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Cai
                Yingli

            	
              0.05

            	
              230707197506250224

            	
              No.3
                Group, Donglinwei, Tielin Street, Xinqing District, Yichun, Heilongjiang,
                153000

            
	
              Zhang
                Xueying

            	
              0.05

            	
              230606197207260025

            	
              Suite
                3-11, No.41 Xiang, Longhua Road, Longfeng District, Daqing, Heilongjiang,
                163711

            
	
              Yao
                Li

            	
              0.03

            	
              232623197812290028

            	
              Suite
                2-102, No.10-18 of Tianhe Community, Wei’er Road, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Su
                Zhongbo

            	
              0.03

            	
              232302681208042

            	
              Suite
                8-502, No.5-22 of Weijiu Road, Sa’ertu District, Daqing, Heilongjiang,
                163311

            
	
              Wang
                Zhanfu

            	
              0.03

            	
              23011919780829433X

            	
              Suite
                1-301, No.3-47 of Wanbao Community, Reyuan Street, Sa’ertu District,
                Daqing, Heilongjiang, 163311

            
	
              Lu
                Anwen

            	
              0.03

            	
              230602197902274028

            	
              Suite
                6-501, No.S-05 of Lvcejiayuan, Weishiyi Road, Sa’ertu District, Daqing,
                Heilongjiang, 163311

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      
        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

      Party
        A,
        Party B, and shareholders of Party B are hereinafter from time to time,
        collectively, referred to as the “Parties”,
        and
        each of them is hereinafter from time to time referred to as a “Party”;
        the
        individual shareholders are hereinafter from time to time, collectively,
        referred to as the “Shareholders”
and
        each of them is hereinafter from time to time referred to as a “Shareholder”.
        The
        equity interests in Party B held by each Shareholder or any shareholder now
        existing or hereafter acquired is hereinafter from time to time referred
        to as
        the “Equity
        Interests”
or
        “Equity”.

    

    

    WHEREAS:
      

    

    
      	
              1.

            	
              Party
                A, a wholly foreign-owned enterprise incorporated under the laws
                of the
                People’s Republic of China (the “PRC”),
                which engages in the general business items, including providing
                consultancy services in commercial information, consigned management,
                and
                technical transfer, consultancy, and
                services.

            

    

    

    
      	
              2.

            	
              Party
                B, as a domestic limited liability company, incorporated under PRC
                laws in
                Daqing, Heilongjiang Province, and licensed by Administrative Departments
                for Industry and Commerce Daqing Branch, it engages in the sale of
                chemical products (excluding dangerous chemicals and flammable and
                explosive articles, and poisons), electrical equipment, furniture,
                arts
                and crafts, housewares, local special products, construction materials,
                decoration materials, flowers, and photographs. Party A also provides
                tailoring, laundry services and food processing (see Health Permit
                Sa Wei
                Shi Zi (2006) No. 1239) and distributes audio-visual products, books
                and
                magazines, vegetables, fruits, clothing, shoes and hats, electromechanical
                products (excluding motor vehicles), jewelry, and computer and
                telecommunications equipment. Party A is also engaged in the business
                of
                food packaging and food retail (see Health Permit Sa Wei Shi Zi (2006)
                No.
                1239), cigar and cigarette retail (see Tobacco Monopoly Retail License
                0601000188, valid until December 31st, 2008), and store and house
                leasing.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      
        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

    

    
      	
              3.

            	
              As
                of the date of this Agreement, the percentage ownership of the Equity
                Interests in Party B held by each of the Shareholders shall be set
                forth
                as described above. 

            

    

    

    
      	
              4.

            	
              To
                secure the performance of the obligations assumed by Party B and
                the
                Shareholders under this Agreement, the Shareholders agree to pledge
                all
                their equity in Party B to Party A, and have executed Equity Pledge
                Agreement on March 28th,
                2008 with respect thereto(collectively called as the “Equity
                Pledge Agreements”
                or respectively as “Individual
                Equity Pledge Agreement”
                or “Equity
                Pledge Agreement”).

            

    

    

    NOW,
      THEREFORE,
      the
      Parties through mutual negotiations hereby enter into this Agreement with
      respect of the exclusive purchase option right:

    

    
      	
              1.

            	
              THE
                GRANT AND EXERCISE OF PURCHASE
                OPTION

            

    

    

    
      	 	
              1.1

            	
              Each
                Shareholder hereby irrevocably grants to Party A an exclusive purchase
                right at any time, or designate any third party to purchase all or
                part of
                such Shareholders’ Equity Interests in Party B, provided permitted under
                the PRC laws and regulations and Party B agrees to such grant by
                such
                Shareholders to Party A. Apart from Party A or any third party designated
                by Party A, no other person shall have the right to purchase such
                Equity
                Interests. Each of the Shareholders shall transfer its Equity Interests
                in
                Party B to Party A in accordance with its percentage ownership of
                such
                Equity Interests provided Party A selects to purchase such Shareholders’
                Equity Interests.

            

    

     

    
      

      
        	 	
                1.2

                 

              	
                Party
                  B hereby irrevocably grants to Party A an exclusive purchase option,
                  at
                  any time to acquire all or a portion of such Shareholders’ Equity
                  Interests, or all or substantial part of Party B’s assets, provided
                  permitted under the PRC laws and regulations and the shareholders
                  agree to
                  such grant by Party B to Party A.

              

      

      

        

        
          	 	
                  1.3

                	
                  For
                    the purpose of this Agreement, a “third party” or a “person” may be a
                    natural person, company, partnership, enterprise, trust agency
                    or other
                    non-corporate entity.

                

        

         

      

    

    
      	 	
              1.4

            	
              To
                the extent permitted under the PRC laws and regulations, Party A
                shall
                determine at any time and at its own option to exercise such exclusive
                right to (i) purchase the Equity Interests as provided in Section
                1.1
                by
                written notice to the applicable Shareholder(s) specifying the amount
                of
                equity to be purchased (hereinafter referred to as “Equity
                Transfer”)
                or (ii) purchase all or substantially all of Party B’s assets as provided
                in Section
                1.2
                (hereinafter referred to as “Assets
                Transfer”)
                by written notice to Party B (each an "Exercise
                Notice").

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
       

      
        
          
            	Exclusive
                    Purchase Option
                    Agreement

          

        

         

      

    

    
      	 	
              1.5

            	
              Within
                thirty (30) days of the receipt of the Exercise Notice, the applicable
                Shareholder(s) and Party B shall execute a share/asset transfer agreement
                and other documents (collectively, the "Transfer
                Documents")
                necessary to effect the respective transfer of equity or assets to
                Party A
                (or any eligible party designated by Party A), and shall unconditionally
                assist Party A to obtain all approvals, permits, registrations, filings
                and other procedures necessary to effect the Equity or Assets
                Transfer.

            

    

    

    
      	 	
              1.6

            	
              Unless
                otherwise required under the PRC laws and regulations, the transaction
                price for the Equity Transfer or the Assets Transfer hereunder, as
                applicable, shall be the lowest price permitted under the PRC laws
                and
                regulations.

            
	 	 	 
	 	
              1.7

            	
              The
                consideration after tax payment (the “Consideration of Equity Transfer”)
                obtained by the Shareholders from Equity Transfer in Party B hereunder
                shall be used to satisfy their repayment obligations under the Loan
                Agreement dated as of March 28th,
                2008, signed by and among, Party A and the Shareholders (the “Loan
                Agreement”);

               

              The
                consideration after tax payment (the “Consideration of Assets Transfer”)
                by the Party B, if as applicable, from Assets Transfer hereunder
                shall be
                allocated to the Shareholders, to the largest extent as permitted
                by PRC
                laws and regulations, through profit allocation proposal and fulfill
                their
                payment obligations under the Loan Agreement, and Party B shall give
                full
                cooperation;

               

              And
                if the Consideration of Equity Transfer or Assets Transfer is higher
                than
                the total principal under the Loan Agreement due to the requirement
                by the
                then applicable law or any other reasons, the excess shall be deemed
                as
                loan interest and/or utilizing fees of the Loan to the largest extent
                being permitted by PRC Laws, and be paid to Party A by the Shareholders
                together with loan principal.

            

    

    

    
      	
              2.

            	
              REPRESENTATIONS
                AND WARRANTIES

            

    

    

    
      	 	
              2.1

            	
              Each
                Party hereto represents to the other Parties that: (1) it has all
                the
                necessary rights, powers and authorizations to enter into this Agreement
                and perform its duties and obligations hereunder; and (2) the execution
                or
                performance of this Agreement shall not violate or conflict with
                the terms
                of any other contracts or agreements to which it is a
                party.

            

    

    

    
      	 	
              2.2

            	
              Each
                Shareholder hereby represents to Party A that: (1) such Shareholder
                is the
                legally registered shareholder of party B and has paid full amount
                of
                registered capital in Party B as required to be contributed by such
                Shareholder under the PRC laws and regulations; (2)Except for the
                Equity
                Pledge Agreement executed among the Parties, such Shareholder has
                not
                created any other mortgage, pledge, secured interests or other form
                of
                debt liabilities over the Equity Interests held by such Shareholder;
                and
                (3) such Shareholder has not transfer to any third party (and entered
                into
                any agreement in respect of) such Equity
                Interests.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      
         

        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

    

    
      	 	
              2.3

            	
              Party
                B hereto represents to Party A that: (1) it is a limited liability
                company
                duly registered and validly existing under the PRC laws and regulations;
                and (2) its business operations are in compliance with applicable
                laws and
                regulations of the PRC in all material
                respects.

            

    

    

    
      	
              3.

            	
              OBLIGATIONS
                OF PARTY B AND ALL
                SHAREHOLDERS

            

    

    

    The
      Parties further agree as follows:

    

    
      	 	
              3.1

            	
              Before
                Party A has acquired all the equity/assets of Party B by exercising
                the
                purchase option provided hereunder, Party
                B:

            

    

    

    
      	 	
              a.

            	
              without
                Party A’s prior written consent, shall not supplement or amend the
                articles of association or rules of Party B, its wholly-owned and
                holding
                subsidiaries in any manner, nor shall it increase or decrease the
                registered capital or change the shareholding structure of aforesaid
                entities in any manner; 

            
	 	 	 
	 	
              b.

            	
              shall
                prudently and effectively maintain its business operations according
                to
                good financial and business standards so as to maintain or increase
                the
                value of its assets; 

            

    

    

    
      	 	
              c.

            	
              shall
                not transfer, mortgage or otherwise dispose of the lawful rights
                and
                interests to and in its assets or incomes, nor shall it encumber
                its
                assets and income in any way that would affect Party A’s security
                interests unless as required necessary for the business operation
                of Party
                B or upon prior written consent by Party A ;

            

    

    

    
      	 	
              d.

            	
              shall
                not incur or succeed to any debts or liabilities without Party A’s prior
                written consent; 

            

    

    

    
      	 	
              e.

            	
              without
                Party A’s prior written consent, shall not enter into any material
                contract (exceeding RMB 5,000,000 in
                value);

            

    

    

    
      	 	
              f.

            	
              without
                Party A’s prior written consent, shall not provide any loans or guaranty
                to any third party; 

            

    

    

    
      	 	
              g.

            	
              at
                Party A’s request, it shall provide Party A with all information regarding
                Party B’s business operation and financial condition;
                

            

    

    

    
      	 	
              h.

            	
              shall
                purchase insurance from insurance companies acceptable to Party B
                in such
                amounts and of such kinds as are customary in the region among companies
                doing similar business and having similar assets;
                

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
      
         

        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

    

    
      	 	
              i.

            	
              without
                Party A’s prior written consent, shall not acquire or consolidate with any
                third party, nor shall they invest in any third party;
                

            

    

    

    
      	 	
              j.

            	
              shall
                promptly notify Party A of any pending or threatened lawsuit, arbitration
                or administrative dispute which involve Party B’s assets, business or
                incomes, and take positive measures against aforesaid lawsuits,
                arbitrations or administrative dispute;

            

    

    

    
      	 	
              k.

            	
              without
                Party A’s prior written consent, shall not distribute any dividends to the
                shareholders in any manner, and, at Party A’s request, shall promptly
                distribute all distributable dividends to the shareholders of Party
                B;

            
	 	 	 
	 	
              l.

            	
              without
                Party A’s prior written consent, shall not commit any act or omission that
                would materially affect Party B’s assets, business or
                liabilities;

            

    

    
       

      
        	 	
                m

              	
                at
                  Party A’s request, shall it promptly and unconditionally transfer its
                  assets to Party A or its designated third party as permitted by
                  PRC laws
                  and regulations;

              

      

       

    

    
      	 	
              n

            	
              shall
                strictly comply with the provisions of this Agreement, and effectively
                perform its obligations hereunder, and shall be prohibited from committing
                any act or omission which may affect the validity or enforceability
                of
                this Agreement.

            

    

     

    
      	 	
              3.2

            	
              Before
                Party A has acquired all the equity/assets of Party B by exercising
                the
                purchase option provided hereunder, each
                Shareholder:

            

    

     

    
      	 	
              a.

            	
              apart
                from relevant provisions in each of the Equity Pledge Agreements,
                without
                Party A’s prior written consent, it shall not individually or collectively
                transfer, sell, mortgage or otherwise dispose of such Shareholder’s Equity
                Interests in Party B; nor shall such Shareholder places encumbrances
                on
                such Shareholder’s Equity Interests that would affect Party A’s interest
                hereunder and thereunder;

            

    

    
       

      
        	 	
                b.

              	
                
                  without
                    Party A’s prior written consent, shall not supplement or amend the
                    articles of association or rules of Party B in any manner, nor
                    shall it
                    increase or decrease its registered capital or change the shareholding
                    structure in any
                    manner;

                

              

      

      
         

        
          	 	
                  c.

                	
                  
                    without
                      Party A’s prior written consent, shall cause the Shareholders’ General
                      Meeting not to approve for the resolutions on the dissolution,
                      liquidation
                      and change of legal form of Party B, its wholly owned and holding
                      subsidiaries; 

                  

                

        

         

      

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    
      
         

        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

    

    
      	 	
              d.

            	
              shall
                cause the Shareholders’ General Meeting not to approve for any Profit
                Distribution Proposal, nor shall accept such distributed dividend
                without
                Party A’s written consent; At Party A’s request, it shall promptly approve
                for the Profit Distribution Proposal, and accept such distributed
                dividend.

            

    

    

    
      	 	
              e.

            	
              at
                Party A’s request, it shall provide Party A with all information regarding
                Party B’s business operation and financial
                condition;

            

    

    

    
      	 	
              f.

            	
              shall
                not incur or succeed to any debts or liabilities which may adversely
                affect its Equity Interests in Party B without Party A’s prior written
                consent;

            

    

    

    
      	 	
              g.

            	
              shall
                appoint, and appoint only, the candidates nominated by Party A to
                the
                board of directors of Party B, and shall not replace such candidates
                without Party A’s prior written consent;

            

    

    

    
      	 	
              h.

            	
              shall
                cause Party B’s board of directors not to approve any acquisition of, any
                consolidation with, or any investment in any third party without
                Party A’s
                prior written consent; 

            

    

    

    
      	 	
              i.

            	
              shall
                promptly notify Party A of any pending or threatened lawsuit, arbitration
                or administrative dispute which involve Party B’s assets, business or
                incomes, and take positive measures against aforesaid lawsuits,
                arbitrations or administrative dispute;

            

    

    

    
      	 	
              j.

            	
              without
                Party A’s prior written consent, shall not commit any act or omission that
                would materially affect Party B’s assets, business or
                liabilities;

            

    

    

    
      	 	
              k.

            	
              to
                the extent permitted by the PRC laws and regulations, and at any
                time upon
                Party A’s request, shall promptly and unconditionally transfer their
                Equity Interests in Party B to Party A or a third party designated
                by
                Party, and waive their rights of first refusal with respect to such
                transfer; 

            

    

    

    
      	 	
              l.

            	
              shall
                cause the directors of Party B approve for the resolution in respect
                of
                the Equity Transfer or Assets Transfer
                hereunder;

            

    

    

    
      	 	
              m.

            	
              shall
                make every efforts to cause Party B perform the obligations of Section
                3.1
                hereunder; and 

            

    

    

    
      	 	
              n.

            	
              shall
                strictly comply with the provisions of this Agreement, and effectively
                perform its obligations hereunder, and shall be prohibited from committing
                any act or omission which may affect the validity or enforceability
                of
                this Agreement.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
      
         

        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

    

    
      	 	
              3.3

            	
              The
                Shareholders shall, to the extent permitted by applicable laws, cause
                Party 

              B's
                operational term (including the circumstance of change of business
                terms)
                to be extended to equal the operational term of Party A(including
                the
                circumstance of change of business
                terms).

            

    

    

    
      	
              4.

            	
              GUARANTY
                OF THIS AGREEMENT 

            

    

    

    
      	 	
              4.1

            	
              To
                secure the performance of the obligations assumed by the Shareholders
                and
                Party B hereunder, the Parties agree to execute the Equity Pledge
                Agreement with respect thereto.

            

    

    

    
      	
              5.

            	
              TAXES
                AND FEES 

            

    

    

    
      	 	
              5.1

            	
              The
                Parties shall pay, in accordance with relevant PRC laws and regulations,
                their respective taxes arising from Equity or Assets transfer and
                related
                registration formalities and other charges during the transactions
                contemplated herein and therein. Party A shall pay the taxes and
                charges
                which shall be paid by Party B arising from Equity Transfer and related
                registration formalities, if the consideration of equity transfer
                is lower
                than, or equal to the total principal under the Loan Agreement.
                

            

    

    

    
      	
              6.

            	
              ASSIGNMENT
                OF AGREEMENT

            

    

    

    
      	 	
              6.1

            	
              Party
                B and the Shareholders shall not transfer such Shareholder’s rights and
                obligations under this Agreement to any third party without the prior
                written consent of Party A. 

            

    

    

    
      	 	
              6.2

            	
              Each
                Shareholder and Party B agree that Party A shall have the right to
                transfer any or all of its rights and obligations under this Agreement
                to
                any third party upon a six(6)-day written notice to such Shareholder
                and
                Party B without approval by such Shareholder and Party B.
                

            

    

    

    
      	
              7.

            	
              EVENTS
                OF DEFAULT

            

    

    

    
      	 	
              7.1

            	
              Any
                violation of any provision hereof, incomplete performance of any
                obligation provided hereunder, any misrepresentation made hereunder,
                material concealment or omission of any material fact or failure
                to
                perform any covenants provided hereunder by any Party shall constitute
                an
                event of default. The defaulting Party shall assume all the legal
                liabilities pursuant to the applicable PRC laws and
                regulations.

            

    

    

    
      	 	
              7.2

            	
              In
                the event of default by Party B or Shareholders, Party A shall be
                entitled
                to exercise the Pledgee’s right under the Equity Pledge Agreement in the
                event that Party B and Shareholders commit an event of default and
                fail to
                redress such default within 60 working days upon receipt of written
                notification from Party A.

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
      
         

        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

    

    
      	
              8.

            	
              EFFECTIVEMESS,
                MODIFICATION AND
                CANCELLATION

            

    

    

    
      	 	
              8.1

            	
              This
                Agreement shall be effective upon the execution hereof by all Parties
                hereto.

            

    

    

    
      	 	
              8.2

            	
              The
                modification of this Agreement shall not be effective without written
                agreement through negotiation. If the Parties could not reach an
                agreement, this Agreement remains
                effective.

            

    

    

    
      	 	
              8.3

            	
              This
                Agreement shall not be discharged or canceled without written agreement
                through negotiation, provided Party A may, by giving a thirty (30)
                days
                prior notice to the other Parties hereto, terminate this
                Agreement.

            

    

    

    
      	 	
              8.4

            	
              If
                Party A fails to provide the loan to the Shareholders in accordance
                with
                the Loan Agreement, this Agreement shall be automatically
                terminated.

            

    

    

    
      	
              9.

            	
              CONFIDENTIALITY

            

    

    

    
      	 	
              9.1

            	
              Any
                information, documents, data and all other materials (herein “confidential
                information”) arising out of the negotiation, signing, and implement of
                this Agreement, shall be kept in strict confidence by the Parties.
                Without
                the written approval by the other Parties, any Party shall not disclose
                to
                any third party any relevant materials, but the following circumstances
                shall be excluded:

            

    

    

    
      	 	
              a.

            	
              The
                materials that is known or may be known by the Public (but not include
                the
                materials disclosed by each party receiving the
                materials);

            

    

    

    
      	 	
              b.

            	
              The
                materials required to be disclosed subject to the applicable laws
                or the
                rules or provisions of stock exchange;
                or

            

    

    

    
      	 	
              c.

            	
              The
                materials disclosed by each Party to its legal or financial consultant
                relating the transaction of this Agreement, and this legal or financial
                consultant shall comply with the confidentiality set forth in this
                Section. The disclosure of the confidential materials by staff or
                employed
                institution of any Party shall be deemed as the disclosure of such
                materials by such Party, and such Party shall bear the liabilities
                for
                breaching the contract. 

            

    

    

    
      	 	
              9.2

            	
              If
                this Agreement is terminated or becomes invalid or unenforceable,
                the
                validity and enforceability of Article 9 shall not be affected or
                impaired.

            

    

    

    
      	
              10.

            	
              FORCE
                MAJEURE

            

    

    

    
      	 	
              10.1

            	
              An
                event of force majeure means an event that could not be foreseen,
                and
                could not be avoided and overcome, which includes among other things,
                but
                without limitation, acts of nature (such as earthquake, flood or
                fire),
                government acts, strikes or riots;

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
      
         

        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

    

    
      	 	
              10.2

            	
              If
                an event of force majeure occurs, any of the Parties who is prevented
                from
                performing its obligations under this Agreement by an event of force
                majeure shall notify the other Parties without delay and within fifteen
                (15) days of the event provide detailed information about and notarized
                documents evidencing the event and take appropriate means to minimize
                or
                remove the negative effects of force majeure on the other Parties,
                and
                shall not assume the liabilities for breaching this Agreement. The
                Parties
                shall keep on performing this Agreement after the event of force
                majeure
                disappears.

            

    

    

    
      	
              11.

            	
              APPLICABLE
                LAW AND DISPUTE RESOLUTION

            

    

    

    
      	 	
              11.1

            	
              Applicable
                Law 

            

    

    

    
      	 	 	
              The
                execution, validity, construing and performance of this Agreement
                and the
                disputes resolution under this Agreement shall be governed by the
                laws and
                regulations of the PRC. 

            

    

    

    
      	 	
              11.2

            	
              Dispute
                Resolution 

            

    

    

    
      	 	 	
              The
                Parties shall strive to settle any dispute arising from or in connection
                with this Agreement through friendly consultation. In case no settlement
                can be reached through consultation within thirty (30) days after
                such
                dispute is raised, each party can submit such matter to Beijing
                Arbitration Commission for arbitration in accordance with its rules.
                The
                arbitration shall take place in Beijing and the proceedings shall
                be
                conducted in Chinese. The arbitration award shall be final conclusive
                and
                binding upon the Parties. 

            

    

    

    
      	
              12.

            	
              MISCELLANEOUS

            

    

    

    
      	 	
              12.1

            	
              Entire
                Agreement 

            

    

    

    
      	 	 	
              The
                Parties acknowledge that this Agreement constitutes the entire agreement
                of the Parties with respect to the subject matters therein and supersedes
                and replaces all prior or contemporaneous oral or written agreements
                and
                understandings.

            

    

    

    
      	 	
              12.2

            	
              Successor
                

            

    

    

    
      	 	 	
              This
                Agreement shall bind and benefit the successor of each Party and
                the
                transferee permitted hereunder with the same rights and obligations
                as if
                the original parties hereof. 

            

    

    

    
      	 	
              12.3

            	
              Notice

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    
      
         

        
          	Exclusive
                  Purchase Option
                  Agreement

        

      

       

    

    
      	 	 	
              Any
                notice required to be given or delivered to the Parties hereunder
                shall be
                in writing and delivered to the address as indicated below or such
                other
                address or as such party may designate, in writing, from time to
                time. All
                notices shall be deemed to have been given or delivered upon by personal
                delivery, fax and registered mail. It shall be deemed to be delivered
                upon: (1) registered air mail: 5 business days after deposit in the
                mail;
                (2) personal delivery: 2 business days after transmission. If the
                notice
                is delivered by fax, it should be confirmed by original through registered
                air mail or personal delivery. 

               

              Party
                A

              Contact
                person: Zhang Yueping 

              Address:Hubin
                No.1-9, Hi-tech Zone, Daqing,163312

              Tel:0459-4607987

              Fax:0459-4607380

               

              Party
                B

              Contact
                person: Wang Zhuangyi

              Address:
                Qingkelong, Jingqi Street, Dongfengxin Cun, Daqing 163311

              Tel:0459-4607011

              Fax:0459-4607015

                

              The
                Representative designated by the Shareholders

              Contact
                person: Zhang Yueping

              Address:
                Qingkelong, Jingqi Street, Dongfengxin Cun, Daqing 163311

              Tel:
                0459-4607626

              Fax:0459-4607015

            

    

    

    
      	 	
              12.4

            	
              Copies

            

    

    

    
      	 	 	
              This
                Agreement is executed in twenty-four (24) originals with each of
                the
                person for signing this Agreement holding one original, and each
                of the
                originals shall be equally valid and
                authentic.

            

    

    .
      

    

    [Signature
      page follows]

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    
       

      
        	Exclusive
                Purchase Option
                Agreement

      

    

     

    IN
      WITNESS THEREFORE,
      the
      parties hereof have caused this Agreement to be executed and delivered as of
      the
      date first written above.

    

    Party
      A Speedy
      Brilliant (Daqing) Commercial Consulting Company Limited
      (Seal)

    

    Legal
      Representative (or Authorized Representative): ___________

     

    

    Party
      B Daqing Qingkelong Chain Commerce&Trade Co., Ltd.
      (Seal)

    

    Legal
      Representative(or Authorized Representative): __________
      _

     

    

    Shareholders
      of Daqing Qingkelong Chain Commerce&Trade Co., Ltd.

    

    

    
      	
              Name
                of the Shareholders

            	
              Signature

            	
              Name
                of the Shareholders

            	
              Signature

            
	
              Wang
                Zhuangyi

            	 	
              Zhang
                Lihui

            	 
	
              Wang
                Shuai

            	 	
              Ding
                Yinxia

            	 
	
              Zheng
                Limin

            	 	
              Wang
                Yan

            	 
	
              Teng
                Wenbin

            	 	
              Li
                Jing

            	 
	
              Li
                Zhongfen

            	 	
              Wang
                Shuchang

            	 
	
              Feng
                Shuxia

            	 	
              Cai
                Yingli

            	 
	
              Zhang
                Yuepin

            	 	
              Zhang
                Xueying

            	 
	
              Li
                Xiaoqiu

            	 	
              Yao
                Li

            	 
	
              Fan
                Xishuang

            	 	
              Su
                Zhongbo

            	 
	
              Wei
                Chuanyu

            	 	
              Wang
                Zhanfu

            	 
	
              Han
                Jinhong

            	 	
              Lu
                Anwen

            	 

    

     

    
      
        
        

      

      
        13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]