DL,wlGFOf FrameworkAgreement of Investment on the World No 1 MarinePark and Holiday Resorts Project

1.九龙山游艇俱乐部南部，建造约5万平方米的标志建筑。该项目将组织世界顶级设计师团队，外观设计位居世界之最，内部奢华私密，为居住其中的宾客提供贴身国宾礼仪的服务。 ;

Nine Dragon has favourite natural conditions. It is both a mountain and island surrounded by the Sea, where there are three big mature clubs: golf, yacht and jockey, with several thousand members. In addition, there will be steady residential population and rapidly increasing flows of visitors since there will be hotels and apartments ready to be occupied. Given the goal of the Central Government to build Shanghai as an international "finance and logistics center", it is planned to design a landmark building with a unique look by reference to the "sail-shaped hotel" of Dubai. This proposed building will have a gross floor space of around 50,000m2, and its investment fund will be RMB 700 million. Its overall design will surpass that of the sail-shaped hotel, and the guests will be provided with valet-like services. The top floor will be just like an eco botanical oxygen bar with a sea view, and the building will be powered by winds and the sun. By the distinct traits of the building, the guest can grow fruits and vegetables and experience fun of harvest. In the podiums at the perimeter of the hotel will there be luxurious items displayed. This project will bring an estimated annual income of above RMB 3 billion after being completed in 2011 as expected.

2.	日本宫崎海上乐园占地700公顷，呈巨蛋型，是世界最大的海上公园度假胜地。美国乔治亚水族馆乔治亚水族馆是一个集娱乐性，教育性和科研性为一体特点的世界顶级展览中心，它为全世界从事海洋生物研究学者进行经验交流以及为海洋生物& #21457;展的多样性提供了良好的学习交流平台。每年可吸引两百万位以上的游客。

Miyazaki Marine Park in Japan is the biggest marine park resort, covering an area of 700 hectares and showing as a dome-type. Georgia Aquarium in America is the world’s top exhibition center, assembling recreational, educational and scientific research features into one whole. Georgia Aquarium which attracts more than two million tourists every year, provides a good exchange platform for the marine biological researchers who engage in exchanging their experience and for the diversity of marine life’s development.

目前海上乐园项目在中国尚属空白，人们与大海嬉戏只停留在几个单一的项目上，对海洋知识的了解极为贫乏。九龙山具备先天的自然条件，又经后天打造为复合型的度假项目，决心建立一个世界第一的海洋世界。双方决定参照日本宫崎县&# 28023;上乐园及美国乔治亚水族馆等项目兴建水上乐园及海洋科普教育基地，包含各类水上游乐项目、商业配套设施及海洋生物展示，体验不尽的海洋娱乐设施与海底世界的珍奇生物将尽现于人前。该项目总投资10—20亿人民币左右。项目于2009年下半年启动，年完工，建成后年人流量达到500万人次，年收入将超过20亿以上。

3.	投资建造约50万平方米的休闲度假中心，作为地标建筑与海洋公园的配套设施。区内建造风格新颖的空中别墅、特色度假酒店，集疗养、休闲、度假为一体，打造成上海的后花园。客房数量约3000至4000间。建 104;后收入来源于三个方面：1/3的销售收入，1/3的经营收入，1/3的会员卡收入。项目2009年底启动，预计于2013年底完成。按以往案例预计，销售部分在未建成之前即会售罄。预计总收入可达70亿人民币。

An investment will be made to build a resort center of around 500,000m2 as an auxiliary facility for both the landmark building and the ocean park. In the center will there be villas in novel styles and featuring holiday inns for recuperation, entertainment and vacation, which will form a backyard garden of the Shanghai city. The guest rooms will go around 3000 to 4000. After the completion, it will earn one third of its revenue from sales, one third from business operation and one third from membership fare. The project will commence at the end of 2009 and as expected, be completed in 2013. As per our past project experience, the part for sale will be sold out before the completion. The total revenue is estimated to reach RMB 7billion.

六、主要客源：

Main Sources of Tourists/Clients

九龙山位居长江三角洲的中心宝地，据数据显示：0-1小时，有约600万居住人口；1-2小时，有约3600万居住人口。6小时之内，居住人口多达几亿。九龙山ë 58;建成的海洋公园、海洋教育科普基地与休闲度假产业，每年预计接待数以百万的学生和国际游客，同时为老人提供养生养老的一方净土和一个美丽的花园。

Nine Dragons is located at the center of the Yangtze River Delta. As some data show, there are a population of around 6 million within the 0-1 hour's drive, around 36 million people within the 1-2 hours' drive and hundreds of millions within 6 hours' drive. The ocean park, marine science base and resorts center to be built in Nine Dragons Mountain will receive millions of students and overseas tourists per annum and in the mean time, offer a peaceful location and a beautiful garden for senior people to lead their retired life in a healthy way.

七、合作方式 Corporation Mode

1.	由甲方负责与政府相关部门沟通及落实土地、规划指标及交通、基础设施条件，乙方在美国通过资本市场向海外筹资建造。

Party A is responsible to communicate with the relevant departments of Government, execute the guideline of land and layout and create the conditions of traffic and infrastructure. Party B is responsible to raise money for the construction from the Overseas Capital Market in USA.

2.	销售过程中通过银企合作的方式，发行休闲度假卡，筹资滚动开发。

To raise the developing funds through issuing the resort membership card and cooperating with banks and enterprises in the progress of sales

3.	双方利益分配情况，将在协议当中具体明确。

The allocation of benefits between two parties will be defined in the agreement.

八、其他 Others

1.	双方确认每个项目单独签署合作细则，包括投资、建造规模、营运模式等由双方协商解决。

Both the parties agree to sign separate cooperation terms and conditions for each single project, including investment, the size of the construction, and the mode of the operation which will be negotiated by both parties.

2.	本次签订的合作项目尚需报政府获批后正式实施。

The cooperative projects where were signed in the agreement need to be approved by the Government for formal implementation.

3.	本协议一式四份，双方各执二份，双方代表签字、盖章后生效。

There are 4 copies of this agreement and each party will hold two of them. The agreement will become effective immediately upon signature and seal by the representatives of each party.