EXHIBIT 10.27 Exchange Agreement, by and between the Registrant and Everbright Finance & Investment Co. Ltd., dated July 22, 1996 EXCHANGE AGREEMENT THIS EXCHANGE AGREEMENT ("Agreement") is made as of the 22nd day of July, 1996, by and among CHINA...Exchange Agreement • November 14th, 1996 • China Resources Development Inc • Wholesale-miscellaneous nondurable goods • Florida
