exhibit 10. 7 articles of association for the members of club article 1 name china golf club ( hereinafter the “ club ” ) article 2 principle the principle of the club is to establish an elegant recreation center through the construction of barren hills and barren sands. the establishment of this club will provide convenience for its members ’ business activities, recreation activities and golf sports. furthermore, the activities in this club will promote the development of chinese golf sports. article 3 operation & management 1. this club is owned and managed by goodintend holdings ltd. ( the “ company ” ), which is an auxiliary entity of the company opening to specific members. the club includes following facilities : international championship golf course with 18 holes or more, golf driving range and related facilities, clubhouse, other club related equipments and members ’ dwelling places. 2. this club is specialized for our members, which adopts the enclosed type of management. all club facilities are only available to the members, members ’ relatives, companions invited by the member, limited places for guests booked by member in advance and guests invited by the company. 3. the board of directors of goodintend holdings ltd. ( the “ board ” ) is the highest authority of the club, has full powers and rights to operate and manage the club and is responsible to decide all important matters of the club, including without limitation, the constitution, amendment, cancellation or addition of the articles of association, the regulation, policy and other rules of the club ; the confirmation and adjustment on the standard and payment method of the admission fee, annual fee, fee for the change of the registered member, fee for the transfer of the membership and other fee or charge of the club ; the type of membership, the modification and adjustment of the interests and obligations of the members. 4. the club adopts the management system under which the general manager, under the board of directors ’ leadership, is responsible for the club ’ s daily management. the deputy general manager is reporting to the general manger and assists the work of general manager. 5. the management of the club is governed by the laws and regulations of china. 6. provided that the location or facilities of the club are seriously damaged in all or in part due to the amendment of laws and regulations, natural disaster, war or other acts of god, the club will be dissolved after the resolution made by the board of operating company and the members will abandon all rights and interests in connection with the membership under