Dated STONEPATH HOLDINGS (HONG KONG) LIMITED and THE PERSONS NAMED IN SCHEDULE 1 DEBT RESTRUCTURING AGREEMENT 41st Floor Edinburgh Tower The Landmark 15 Queen’s Road Central Hong Kong Tel: (852) 2585 0888 Fax: (852) 2585 0800Debt Restructuring Agreement • March 5th, 2007 • Stonepath Group Inc • Arrangement of transportation of freight & cargo • Hong Kong
