Translation of Trust Agreement Sample Contracts

Translation of Trust Agreement for Hugh Wang’s Beneficial Ownership of Timesway Shares on Behalf of PJCL Employees
Translation of Trust Agreement • July 28th, 2008 • Pansoft CO LTD • Services-computer programming services

This letter of authorization shall be executed in three copies, each of which shall be deemed an original. One copy shall be given to the Consigner, another copy to Consignee, and the third copy shall be kept in the Company for reference.

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