2009 Voluntary Temporary Base Salary Reductions

On March 23, 2009, in connection with the Company's overall cost reduction initiative, the Company entered into letter agreements with Hong Liang Lu, Chairman of the Board, and Peter Blackmore, Chief Executive Officer and President, providing for voluntary and temporary base salary reductions of twenty percent (20%) for a one year period.

The foregoing summary of the letter agreements is not a complete description of the terms of such agreements and is qualified by reference to the full text of such letter agreements, which are attached hereto as Exhibit 10.1 and 10.2 and incorporated by reference herein.

(d) Exhibits

Exhibit No.                                Description
10.1           Letter Agreement dated March 23, 2009 by and between the Company and
               Hong Liang Lu relating to temporary salary reduction.
10.2           Letter Agreement dated March 23, 2009 by and between the Company and
               Peter Blackmore relating to temporary salary reduction.