Acknowledgment and Repayment Commitment Letter between Tibet Changdu Huiheng Development Co., Ltd. and Shenzhen Huiheng Industry Co., Ltd.

Summary

Shenzhen Huiheng Industry Co., Ltd. confirms that it owes Tibet Changdu Huiheng Development Co., Ltd. RMB 5 million as of December 31, 2007. Shenzhen Huiheng requests a delay in repayment and commits to pay the full amount within three months after receiving an official payment demand from Tibet Changdu Huiheng. The letter expresses appreciation for the creditor's understanding and assistance.

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EX-10.15 12 v117608_ex10-15.htm
Exhibit 10.15
 
Tibet Changdu Huiheng Development Co., Ltd.,

After the bilateral verifying by you and our company, it is confirmed that we owe you RMB 5 million yuan as of Dec.31, 2007.
 
Due to the requirement of our company’s development, we ask for your permission that we delay the repayment.
 
We commit that we will repay the total amount of balance owned within three months after we receive your official payment demand.
 
Your kindness and help are highly appreciated.

 
Sincerely yours,
 
Shenzhen Huiheng Industry Co., Ltd
 
January 5, 2008