Notice of Termination of Master Asset Consulting Agreement between Huizhou One Limited and Chinawe Asset Management (PRC) Limited

Summary

Huizhou One Limited has formally notified Chinawe Asset Management (PRC) Limited of its decision to terminate their Master Asset Consulting Agreement, originally dated September 22, 2005, as amended on May 28, 2007. The agreement will end effective March 26, 2009, in accordance with the contract's terms. Both parties have acknowledged this termination notice, which is governed by the laws of the People's Republic of China.

EX-10.5 2 c83787exv10w5.htm EXHIBIT 10.5 Exhibit 10.5

EXHIBIT 10.5


Date:		24 February 2009

To:		Chinawe Asset Management (PRC) Limited
		Room 1304-05 Dongbao Tower
		767 Dongfeng Road East
		Guangzhou, 610600
		People’s Republic of China

To:		Chinawe Asset Management (PRC) Limited
		c/o Chinawe Asset Management Ltd.
		Room 7, 13/F., Block A
		Fuk Keung Industrial Building
		66-68 Tong Mi Road
		Kowloon
		Hong Kong

Attn.:		Ms. Vivian Chu and Mr. Ken Wai
Fax.:		(852) 2395 5728

Dear Madam and Sir

Master Asset Consulting Agreement dated 22 September 2005 and the Amendment Letter dated 28 May 2007 (together, the “Agreement”) between Huizhou One Limited (“HOL”) and Chinawe Asset Management (PRC) Limited (“Chinawe”)

We refer to the above-captioned Agreement.

Unless otherwise defined, terms defined in the Agreement shall have the same meanings when used herein.

Pursuant to Clause 6.02 of the Agreement, we hereby give you notice of our intention as Owner to terminate the Agreement. According to Clause 6.02 of the Agreement, the Agreement shall cease to have effect from 26 March 2009.

This notice shall be governed by and construed in accordance with the laws of PRC.

Would you please acknowledge receipt of this notice by signing below.

Yours faithfully,


/s/ John A. Redick for and on behalf of
Huizhou One Limited

We acknowledge receipt of this notice.


/s/ Alan Wai for and on behalf of
Chinawe Asset management (PRC) Limited