OVERVIEWSubscription Agreement • February 9th, 2009
On 25 July 2008, Lead Honest, our Company, Lita, Rich Vision, Mr Wu and the Bondholders entered into the Subscription Agreement pursuant to which the Bondholders agreed to purchase, and Lead Honest agreed to issue, secured exchangeable bonds in the amount of US$50.0 million. The Exchangeable Bonds were issued by Lead Honest on 30 July 2008 (and the investment amount was paid by the Bondholders on the same date).