Changda Intl (OTC BB:CIHD)

As previously reported, on February 3, 2010, Changda International Holdings, Inc.  issued promissory notes in the aggregate principal amount of $900,000 to certain accredited investors (the “February 2010 Notes”). The February 2010 Notes bear interest at 20% and matured on August 3, 2010.

On December 21, 2010, the holder of one of the notes representing an original aggregate principal amount of $50,000 elected to convert its entire principal and accrued but unpaid interest due and payable under its respective February 2010 Notes into an aggregate of 51,591 shares of the Company’s common stock. The shares were issued pursuant to an exemption under Section 4(2) of the Securities Act of 1933, as amended.

Thereafter, on February 18, 2011 and February 25, 2011, the Company made payments to the holders of the February 2010 Notes totaling an aggregate of $600,000 (the “Note Repayment”). This Note Repayment covered all remaining principal and accrued but unpaid interest due and payable under the February 2010 Notes, as a result of which the February 2010 Notes have been repaid in full. As of the date hereof, the only obligations of the Company with respect to the Notes relates to a claim by two of the holders of February 2010 Notes for attorneys fees in the amount of approximately $25,000 relating to collection of the February 2010 Notes, including their prior filing of a complaint (the "Complaint") in the Supreme Court of the State of New York, County of New York, Index No. 261595/10, against the Company seeking repayment of their respective February 2010 Notes. As of the date of this Current Report on Form 8-K, the Company is unaware of any update or change in status with respect to the Complaint.