Exhibit 10.1

NOVATION AGREEMENT

Dated as of June 30, 2011 among:

Jieming Huang, an individual with a legal address at Room 102, Bing Suite, No. 65 Qingtanxincun, Changzhou, China 213000 (the " Remaining Party "),

and

Baby Fox International, Inc., a company incorporated under the laws of the State of Nevada, United States of America, with an address at Minhan District, 89 Xinband Road, Suite 305-B5, Shanghai, P.R. China (the " Transferor ")

and

BBFX Holding Corp., a company incorporated under the laws of the State of Nevada, United States of America, with an address at Minhan District, 89 Xinband Road, Suite 305-B5, Shanghai, P.R. China (the " Transferee ").

The Transferor and the Remaining Party have entered into a Loan Agreement dated February 18, 2008 (“ Original Agreement "), pursuant to which the Remaining Party provided a loan with a principal amount of US$810,160.25 and with a five percent annual interest rate to Transferor.

With effect from and including June __, 2011 (the " Novation Date "), the Transferor wishes to transfer by novation to the Transferee, and the Transferee wishes to accept the transfer by novation of, all the rights, liabilities, duties and obligations of the Transferor under and in respect of all terms and conditions set out in the Original Agreement, with the effect that the Remaining Party and the Transferee enter into a new loan agreement (" New Agreement ") between them having terms ident