TERMINATION AGREEMENT
Exhibit 10.1
Reference is hereby made to a Securities Subscription Agreement (“Agreement”) dated June 13, 2007 by and between China Properties Developments, Inc., a Colorado corporation, and Shaanxi Xinyuan Real Estate Co. Ltd., a People’s Republic of China limited liability corporation.
1. Pursuant to Section 7 of the Agreement, it is hereby agreed by the undersigned parties that the Agreement is hereby terminated and abandoned as of June 1, 2008, and as a result, the Agreement is deemed void and of no further effect. It is further agreed that none of the parties thereto shall have any further liability or obligations thereunder except as otherwise provided therein.
2. This Termination Agreement may be executed by the parties hereto in one or more counterparts each of which shall be an original and all of which shall together constitute one and the same agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Termination Agreement as of the date indicated below.
Dated: June 23, 0000 XXXXX PROPERTIES DEVELOPMENTS, INC.
by: /s/ Ping’an Wu
Name: Ping’an Wu
Title: Chief Executive Officer
SHAANXI XINYUAN REAL ESTATE CO. LTD.
by: /s/ Xxxxxxx Xxxx
Name: Xxxxxxx Xxxx
Title: President
