July 1, 2009 China America Holdings, Inc. Attn: Shaoyin Wang 10871 NW 52nd Street, Suite 2, Sunrise, FL 33351

by Sense Holdings
August 13th, 2009
 


 




July 1, 2009


China America Holdings, Inc.
10871 NW 52nd Street, Suite 2,
Sunrise, FL 33351


Re:           $400,000 Unsecured Promissory Note dated August 22, 2008 and between China Direct Investments, Inc. and China America Holdings, Inc. (the “Loan”)


Dear Mr. Wang,

Please accept this letter as formal notification of our mutual agreement to extend the maturity date of the Loan to June 30, 2010. All other terms and conditions of the Loan shall remain in full force and effect.


Warms regards,

         
/s/Andrew Goldrich
     
Andrew Goldrich
   
Shaoyin Wang,
 
Vice President of Operation
   
Chief Executive Officer
 
China Direct Industries, Inc.     China America Holdings, Inc.