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The following Memorandum of Understanding is drafted in accordance with the agreement reached by both parties in the talk held in Beijing on August 7 and 8, 2012 and September 17, 18 and the minutes exchanged by both parties from September 17, 2012 to September 24, 2012.

以下的合作意向书是根据双方当事人于2012年8月7日和8日以及9月17日和18日在北京举行的会谈达成的协议，以及从2012年9月17日到9月24日双方当事人交换的会议记录起草而成。

The contents of the agreement are signed by the following both parties:

本协议内容由以下双方签订：

Vvvvvvvvvvs (Beijing) Door Industry Co., Ltd, the registered address is No.309, No.19,South Ronghua Road, Economic and Technical Development Zone,BeijingCity.

ccccccccc（北京）门业有限公司，注册地址是北京市经济技术开发区荣华南路19号355555，

Legal representative: , hereinafter referred to as: Beijing Company

法定代表人：，以下简称为：北京公司

And

和

Vvvvvvvvvv GmbH & Co. KG (Chinese name: Vvvvvvvvvv GmbH & Co. KG), the registered address is Ludwigstrasse 32, 76768 Berg, the legal representative is Hans Heinrich Berizzi, the director , general manager and shareholder, hereinafter referred to as: German Company

Vvvvvvvvvv GmbH & Co.KG（中文名称：德国ccccccccc股份有限公司）, 注册地址是德国贝尔格市路德维希大街32号（Ludwigstrasse 32, 76768 Berg, ）法定代表人是海纳尔-海-贝利兹（Hans Heinrich Berizzi），董事总经理和股东，以下简称为：德国公司

The two parties are “partners”. Far Eastern Limited registered inGermanyis the legal consulting company appointed by the both contracting parties, which is responsible for drafting all relevant documents in building cooperation.

此两方为“合作方”。德国注册的东源咨询有限公司 sssssssss Limited)则为协约双方所指定之法务咨询公司，负责建立合作中所有有关文件的起草。

Preface

序文

Beijing Company is an independent legal entity company established with the natural person holding under the appointment of LANDUN and joint venture of other natural persons which is specially selling door products ofEurope in Chinese markets. LANDUN is a Chinese Group Company established inChina which is engaged in (including but not limited to) fireproof door products. LANDUN owns many production and sale bases inChina, sells and install its series of products aiming at various construction projects inChina through positioning the construction projects of the public and residential area. Currently LANDUN occupies the market shares of about 30% in the fireproof door field inChina.

北京公司是由aa集团(LANDUN)委派的自然人代表控股与其他自然人合资成立的专门在中国市场销售欧洲门类产品的一个独立法人公司。aa集团是一家在中国境内设立的从事（包括但不限于）防火门产品的中国集团公司。aa集团在中国拥有很多生产和销售基地，并且通过定位公众和居民区建筑项目，在中国范围内针对各类大小的建筑项目销售和安装其一系列的产品。aa集团目前在中国的防火门领域中占有大约30%的市场份额。

The construction market in Chinareflects the increasing demand for high-end luxurious apartments and villas, and there are special requirements and demands for luxurious high-end appliances such as (including but not limited to) residential doors and entrance doors. The total annual quantity demanded in such market is estimated to be about 50000 sets. The natural person representatives and other natural person partners appointed by LANDUN have planned to set up a company with independent legal entity in China: Beijing Company, through using the human resources and channels of distribution that LANDUN has owned, to conduct marketing management and sales to the imported doors in top grade specially aiming at Chinese markets.

中国的建筑市场反映了一个对于高端豪华公寓和别墅日益增长的需求，对豪华高端用品例如（包括但不限于）住宅门和大门有特别的要求和需求。这样的市场每年需求总量估计大约是50000套。aa集团委派的自然人代表及其他自然人合伙人，计划通过在中国境内设立一个独立法人的公司：北京公司，通过利用aa集团已经拥有的人力资源和分销渠道，专门针对中国市场进行进口高档门的市场营销和销售。

Newly set Beijing Company plans to provide door products manufactured in Germany especially for Chinese markets with the help of brands of German Company, its business connection and personnel resources developed. Its purpose is to popularize and create a long-term top-grade German brand name “VVVVVVVVVV” in Chinese markets through Beijing Company, at the same time in return, Beijing Company will receive the permanent exclusive agency for products from German Company in Chinese markets, and Beijing Company will ensure a minimum annual order quantity from German Company.

新设立的北京公司，计划利用德国公司的品牌和其所有的商业联系以及开发人员资源，专门为中国市场提供德国制造的门类产品。它的目的是通过北京公司在中国市场推广并打造一个长期的高端德国品牌名称“VVVVVVVVVV/ccccccccc”，同时作为回报，北京公司将获得德国公司的产品在中国市场的永久的独家代理权，对此北京公司将确保一个从德国公司采购的年最低订货量。

Beijing Company can make the products of German Company receive the market access permission from relevant department of the government and pass the fire prevention acceptance.

北京公司可以让德国公司的产品得到政府相关部门的市场准入许可并通过消防验收。

German Company is a German family firm established in 1973, and it has been the first manufacturer for faceplates of decorative doors in Germany providing services for door manufacturing industry in the whole Europe. Except Germany and France, German Company has sold aluminium doors for many years, for in these markets there have been not competitions with the existing customers. Many projects with landmark have been completed overseas, includingChina, but mostly in Middle Eastern countries and regions.

德国公司是一家成立于1973年的德国家族企业，是德国第一家生产装饰门面板的生产商，为全欧洲的门制造业提供服务。在德国和法国之外，德国公司销售了多年的铝门，因为在这些市场与现有客户没有竞争。大量的具有里程碑意义的项目已经在境外完成，包括中国，但更多的是在中东国家地区。

For manufacturer of aluminium system and customers in door product field, at the aspects of technology and design, German Company is the partner meeting high requirements and demands. The reputation of German Company on the quality and high-end products is well-known inEurope.

对于铝系统制造商和门产品领域的客户，在技术和设计方面，德国公司是一个符合高规格要求和需要的合作伙伴。德国公司对于质量和高端产品的声誉在欧洲是众所周知的。

Since 2009/2010, German Company has changed its strategy on the home market, nowadays it directly provides the whole set of entrance door product to the door traders, and only provides its advanced aluminium door system and paneling in the form of B2B. German Company only focuses on the standards with highest quality and demand in high-end markets. In 2010,German Company launched self-developed door system THERMOSECUR© based on glass and PU technology for which it owns the patent right, the product sets an exclusive standard concerning stability and heat insulation in the door product field. UD value of the system starts from 0.49 WK/m², and has been second to none so far.

从2009/2010年以来德国公司改变了其在本土市场的战略，其现在直接提供整套大门产品给门贸易商，只以B2B方式提供其先进的铝门系统和镶板。德国公司只专注于最高质量的标准和高端市场的需求。在2010年，德国公司推出了自己研发的拥有专利权的基于玻璃和PU技术的门系统THERMOSECUR©，此产品设定了一个在大门产品领域对于稳定和隔热的独家基准。这个系统的UD值，从0.49 WK/m²开始，迄今为止首屈一指。

German Company is one of the two manufacturers being able to provide paneling manufactured with traditional process in Germany, this has been proved to be successful and meet the demands in China, and German Company can provide customized products according to the special requirements of the customers for doors.

德国公司是德国两家能提供传统手工制造的镶板的生产商之一，这已经在中国被证明是非常成功和满足需求的，而德国公司可以根据客户对门的特别需求提供定制的产品。

German Company is so interested in seeking a powerful partner in China and marketing its products, in addition, it has been ready to sign exclusionary right agreement with Beijing Company based on the agreed terms and conditions.

德国公司对于在中国寻找一个实力雄厚的合作伙伴及在中国市场营销其产品非常感兴趣，并且已经准备好在基于双方商定的条款和条件下与北京公司签订独家经营权协议。

1) Natural person representative holding under the appointment of LANDUN and other partners will establish an independent legal entity in China: Beijing Company and the legal entity shall engage in the marketing and sales for entrance doors and interior door products manufactured byGerman Company with the German brand name “VVVVVVVVVV”.

1） aa集团委派的自然人代表控股与其他合伙人将会在中国境内成立一个独立的法人实体: 北京公司，而这个法人实体应该以德国品牌名称“VVVVVVVVVV/ccccccccc”从事德国公司生产的大门和室内门产品的市场营销和销售。

2) All products of German Company that are sold by Beijing Company must be manufactured by German Company or manufactured by the third party which is approved through the written authorization by German Company in advance so as to conduct sales with German brand name ”VVVVVVVVVV”. The description of selected products will be listed in Appendix A of the Memorandum of Understanding.

2）所有由北京公司销售的德国公司的产品必须由德国公司生产或者是由德国公司预先书面授权核准的第三方生产，以便能以德国品牌名称“VVVVVVVVVV/ccccccccc”进行销售。被选择产品的说明将在本合作意向书的附录A中列出。

3) Specific use of German brand name and products sold with the brand name shall accord with the provisions of Article (X) in the Memorandum of Understanding.

3）德国品牌名称的具体使用和以这个品牌名称销售的产品应符合本合作意向书的条款 (X) 规定。

4) Beijing Company shall be granted with the exclusive agency for permanent sale and distribution for products of German Company inChina. The terms and duration time of the exclusive selling right shall accord with the provisions of Article (X) in the Memorandum of Understanding.

4）北京公司应该被授予德国公司的产品在中国范围内的永久的销售和分销的独家代理权。这个独家经销权的条款和持续时间应符合本合作意向书的条款 (X) 规定。

5) Beijing Company can not distribute and sell the imported doors from other manufacturers, unless otherwise that certain specific product type is required by customers, and in the product series of German Company there is no this type of product.

5）北京公司不能分销和销售其它生产商的进口门，除非某一个特定的产品类型被客户要求，而德国公司在其产品系列中又没有此类产品。

Under the circumstance, Beijing Company shall submit the demands for this type of doors to German Company through written requirement, and provide German Company three months for manufacturing or purchasing this type of products.

这种情况下，北京公司应该通过书面要求向德国公司提交此类门的需求，并且给德国公司三个月时间去生产或者采购此类产品。

Provided that German Company thinks that it can not provide such type of products after three months, it must make reply when receiving the written demand from Beijing Company. Beijing Company can meet the demands of its own customers through purchasing such type of products from a third party. However, it shall not purchase products with same type from the third party to replace the products of German Company.

假使德国公司认为在三个月后不能提供此类产品，必须在接到北京公司的书面需求时做出回复。北京公司可以通过从第三方采购此类产品去满足自己的客户需求。但是不能向第三方采购相同类型的产品来代替德国公司的产品。

Provided that the products purchased from the third party need to be sold and popularized with the German brand name “VVVVVVVVVV”, the permission of German Company shall be firstly received, and the provisions of Article (X) in the Memorandum of Understanding shall be met.

假如从第三方采购的产品需要以德国品牌名称“VVVVVVVVVV/ccccccccc”销售和推广，应当先得到德国公司的许可，并符合本合作意向书的条款 (X)之规定。

6) In return for obtaining the permanent access for German brand name “VVVVVVVVVV” and exclusionary right for the products in China,Beijing Company can promise a minimum annual order quantity from German Company which is hereinafter referred to as “quantity” under the guarantee of receiving the reasonable and competitive product price, product category and supply support adapting to Chinese markets from German Company.

6）作为获得中国区域的德国品牌名称“VVVVVVVVVV/ccccccccc”永久使用权和产品的独家经营权的回报，北京公司在得到德国公司合理的有竞争力的产品价格以及适合中国市场的产品种类及供货支持保证下，可以承诺一个每年向德国公司的最低订货数量，以下将简称为“数量”。

The contents of the agreement are signed by the following both parties:

本协议内容由以下双方签订：

Vvvvvvvvvvs (Beijing) Door Industry Co., Ltd, the registered address is No.309, No.19,South Ronghua Road, Economic and Technical Development Zone,BeijingCity.

ccccccccc（北京）门业有限公司，注册地址是北京市经济技术开发区荣华南路19号355555，

Legal representative: , hereinafter referred to as: Beijing Company

法定代表人：，以下简称为：北京公司

And

和

此两方为“合作方”。德国注册的东源咨询有限公司 sssssssss Limited)则为协约双方所指定之法务咨询公司，负责建立合作中所有有关文件的起草。

Preface

序文

Beijing Company can make the products of German Company receive the market access permission from relevant department of the government and pass the fire prevention acceptance.

北京公司可以让德国公司的产品得到政府相关部门的市场准入许可并通过消防验收。

3) Specific use of German brand name and products sold with the brand name shall accord with the provisions of Article (X) in the Memorandum of Understanding.

3）德国品牌名称的具体使用和以这个品牌名称销售的产品应符合本合作意向书的条款 (X) 规定。

5）北京公司不能分销和销售其它生产商的进口门，除非某一个特定的产品类型被客户要求，而德国公司在其产品系列中又没有此类产品。

这种情况下，北京公司应该通过书面要求向德国公司提交此类门的需求，并且给德国公司三个月时间去生产或者采购此类产品。

假如从第三方采购的产品需要以德国品牌名称“VVVVVVVVVV/ccccccccc”销售和推广，应当先得到德国公司的许可，并符合本合作意向书的条款 (X)之规定。

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