Business License for an Enterprise as a Legal Person

(Duplicate)

Registration No.: 330206********* (1/1) Enterprise Name: Ningbo Shuishangdiao Fishing Tackle Co., Ltd.

Address: No 1, No. 2, Building 3, No. 3 Wanquanhe Road, Xiapu, Beilun District

Legal Representative: XU Hang guo

Registered Capital: RMB 1,500,000.00 Yuan

Actual Capital: RMB 1,500,000.00 Yuan

Type of Enterprise: Limited Liability Company

Business Scope: Items of business involving special permits: None

General items of business: manufacture and processing of fishing tackles, sports products and garments; retail and wholesale of sports products, garments, fishing tackles, chemical materials and products; proprietary trading and acting sale of various cargo and technology exports and imports (except cargoes and technologies restricted or prohibited by the state). (The above mentioned business scope doesn’t include those items prohibited, restricted and approved by the state’s law and regulations.)

Date of Establishment: 20th December 2010

Term of Business: 20th December 2010 to 19th December 2030

Notes

1. The “Business License for an Enterprise as a Legal Person” e is the proof of its legal person status & authority for legal operation

of business.

2. The “Business License for an Enterprise as a Legal Person” is issued in original and copies which carry identical legal effect.

3. The “Original” business license shall be placed at a conspicuous position in the enterprise’s registered business location.

4. The business license shall not be forged, altered, leased, lent or transferred.

5. In case of changes to any registered item, the original registration authority must be notified for corresponding amendments to be

made to the item.

6. An annual review of the enterprise will be conducted by the registration authority between 1st March and 30th June each year.

7. After the cancellation of the “Business License for an Enterprise as a Legal Person”, it is not allowed to conduct any operations

irrelevant to liquidation.

8. The original and copies of a business license must be returned to the registration authority for cancellation on de-registration of the

enterprise.

9. Should the “Business License for an Enterprise as a Legal Person” be lost or damaged, the company should declare invali dity on

appointed newspapers and magazines by registration organ of the company to apply for reissue.

Annual Check Status:

Annual check will be conducted on 1st March and 30th June every year without notice.

Registration Authority: Beilun Branch, Ningbo Administration Bureau for Industry and Commerce (Seal)

20th December 2010