[This Document has been Translated from Chinese to English]

Supplemental Contract to the Entrustment Loan Contract

Contract Number: Jian Shan Ying Wei Dai (2011) No. 001

Type of Loan: Unit Entrusted Loan

Debtor (Party A): Tsining Housing Development Co., Ltd.

Address: No. 9 Baqiao South Rd, Baqiao District, Xi’an

Legal Representative (Person-in-Charge): Pingji LU

Postcode: 710054

Principal Creditor (Party B): Tianjin Cube Xindao Equity Investment Fund Partnership Enterprise (LLP)

Address: Rm J314, 3/F, Building No.6, No. 52 Xincheng Xi Rd, Tianjin Development District, Tianjin

Tel: 13911050265

Fax: +85225258003

Legal Representative (Person-in-Charge): Ruifeng DAI

Postcode: 300475

Agent (Party C): China Construction Bank Corporation Shaanxi Province Branch

Address: No. 38 South Guangji St, Xi’an

Tel: 029-87606682

Fax: 029-87606694

Person-in-Charge: Naimi MOU

Postcode: 710002

WHEREAS:

With respect to the performance of the Entrustment Loan, Parties reached the supplemental agreement as follows:

Article 1                   Party A increases the collateral to include the following as the security for the Entrustment Loan:

(See the Appendix hereto for the detailed list of the aforementioned collateral, collectively referred to below as the “Additional Collateral”)

The security on the mortgage and the pledge provided by Party A or another third party prior to the execution of this supplement shall continue to be valid as the security of the Entrustment Loan.

Article 2               The Entrustment Loan will expire on January 27^th 2012 and Party A applies to extend the term for another six (6) months:

As a condition of Party B extending the term for six (6) months, Debtor shall complete the mortgage registration formalities for the Additional Collateral before January 26^th 2012, so that Party C (as Agent of Party B) shall become the mortgagee of first priority to the Additional Collateral; otherwise, Party B shall be entitled to withdraw its agreement to the extension of the Entrustment Loan and shall be entitled to announce the immediate expiration of the Entrustment Loan.

Article 3            This agreement supplements the Entrustment Loan, and shall have the same binding effect as the Entrustment Loan. Each Party agrees and acknowledges that the relationship of the creditor and debtor formed in this agreement is clear and that the creditor and debtor have no doubt with respect to the content of the payment. In the event the debtor under the contract does not perform its obligation or does not perform its obligation in full, the debtor is voluntarily subject to specific performance enforced by the People’s Court. The Equity Pledge Contract, Mortgage Contract as well as any other related contracts in relation to this Supplemental Contract shall all be enforceable with specific performance.

Article 4             This agreement has six (6) counterparts. Each counterpart becomes effective after the Legal Representatives (Persons-in-Charge) of Party A and Party B respectively, or their authorized agents sign and affix the company seals thereon (only signature is needed if Party A and Party B are natural persons) and the Person-in-Charge of Party C (or its authorized agent) sign and affix the company seal.

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Party A (Company Seal): Tsining Housing Development Co., Ltd.

Legal Representative (Person-in-Charge) or Authorized Agent:

/s/ Authorized Individual

(Signature)

January 26, 2012

(Date)

Party B (Company Seal): Tianjin Cube Xindao Equity Investment Fund Partnership Enterprise (LLP)

Legal Representative (Person-in-Charge) or Authorized Agent:

/s/ Authorized Individual

(Signature)

January 26, 2012

(Date)

Party C (Company Seal): China Construction Bank Corporation Shaanxi Province Branch

Person-in-Charge or Authorized Agent:

/s/ Authorized Individual

(Signature)

January 26, 2012

(Date)

Appendix: List of the Additional Collateral