sc13g

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

American Oriental Bioengineering, Inc.

(Name of Issuer)

Common Stock, $0.001 per share

(Title of Class of Securities)

028731107

(CUSIP Number)

June 25, 2010

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

þ Rule 13d-1(c)

o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No.		028731107


1	NAMES OF REPORTING PERSONS Wellspring Management, LLC I.R.S. Identification Nos. of Above Persons (Entities Only): 20-1825976


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware

		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			4,042,279

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			2,297,495

WITH:		8	SHARED DISPOSITIVE POWER

			1,744,784

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	4,042,279

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.15%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	OO


CUSIP No.		028731107


1	NAMES OF REPORTING PERSONS Wellspring Capital, L.P.


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware

		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			1,744,784

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH:		8	SHARED DISPOSITIVE POWER

			1,744,784

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	1,744,784

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	2.22%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	PN


CUSIP No.		028731107


1	NAMES OF REPORTING PERSONS George Maddux White


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION



		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			4,042,279

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH:		8	SHARED DISPOSITIVE POWER

			4,042,279

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	4,042,279

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.15%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	IN


CUSIP No.		028731107


1	NAMES OF REPORTING PERSONS Blackwell Partners LLC


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Georgia

		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			2,297,495

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH:		8	SHARED DISPOSITIVE POWER

			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	2,297,495

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	2.93%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	IV


CUSIP No.		028731107


1	NAMES OF REPORTING PERSONS Gothic Corporation


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	North Carolina

		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			1,229,160

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH:		8	SHARED DISPOSITIVE POWER

			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	1,229,160

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	1.57%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	OO


CUSIP No.		028731107


1	NAMES OF REPORTING PERSONS The Duke Endowment


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	North Carolina

		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			546,804

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH:		8	SHARED DISPOSITIVE POWER

			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	546,804

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	0.70%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	OO


CUSIP No.		028731107


1	NAMES OF REPORTING PERSONS Gothic ERP


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	North Carolina

		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			167,717

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH:		8	SHARED DISPOSITIVE POWER

			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	167,717

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	0.21%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	OO


CUSIP No.		028731107


1	NAMES OF REPORTING PERSONS Gothic HSP


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	North Carolina

		5	SOLE VOTING POWER

NUMBER OF			0

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			353,814

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0

WITH:		8	SHARED DISPOSITIVE POWER

			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	353,814

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	0.45%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

	OO

Item 1.

(a)

Name of Issuer

American Oriental Bioengineering, Inc.

(b)

Address of Issuer’s Principal Executive Offices

Beijing Economic and Technology Development Zone
1 Liangshuihe First Ave
E-town, Beijing 100176
People’s Republic of China

Item 2.

Item 2(a) Name of person filing:

This statement is filed by:

(i)		Wellspring Management, LLC (“Wellspring Management”), a limited liability company organized under the laws of the State of Delaware, which serves as general partner of Wellspring Capital, L.P. (“Wellspring Capital”), a limited partnership organized under the laws of the State of Delaware, and investment manager for a separately managed account for Blackwell Partners LLC (“Blackwell Partners”), a limited liability company organized under the law of the State of Georgia, with respect to the shares of Common Stock directly owned by Wellspring Capital and Blackwell;

(ii)		George M. White, a United States citizen (“Mr. White”), as managing member of Wellspring Management, with respect to the shares of Common Stock beneficially owned by Wellspring Management;

(iii)		Wellspring Capital, L.P., with respect to the shares of Common Stock directly owned by it;

(iv)		Blackwell Partners LLC, with respect to the shares of Common Stock directly owned by it;

(v)		Gothic Corporation;

(vi)		The Duke Endowment;

(vii)		Gothic ERP; and

(viii)		Gothic HSP.

The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

Item 2(b) Address of Principal Business Office or, if none, Residence:

Wellspring Management, LLC
1790 Kirby Parkway, Suite 127
Memphis, Tennessee 38138

Wellspring Capital, L.P.
1790 Kirby Parkway, Suite 127
Memphis, Tennessee 38138

George M. White
1790 Kirby Parkway, Suite 127
Memphis, Tennessee 38138

Blackwell Partners LLC
406 Blackwell Street
Suite 300
Durham, North Carolina 27701

Gothic Corporation
c/o DUMAC, LLC
406 Blackwell Street, Suite 300
Durham, North Carolina 27701

The Duke Endowment
c/o DUMAC, LLC
406 Blackwell Street, Suite 300
Durham, North Carolina 27701

Gothic ERP
c/o DUMAC, LLC
406 Blackwell Street, Suite 300
Durham, North Carolina 27701

Gothic HSP
c/o DUMAC, LLC
406 Blackwell Street, Suite 300
Durham, North Carolina 27701

Item 2(c) Citizenship:

Wellspring Management, LLC — Delaware

Wellspring Capital, L.P. — Delaware

Blackwell Partners LLC — Georgia

Gothic Corporation — North Carolina

The Duke Endowment — North Carolina

Gothic ERP — North Carolina

Gothic HSP — North Carolina

Item 2(d) Title of Class of Securities:

Common Stock, $0.001 per share

Item 2(e) CUSIP Number:

028731107


Item 3.		If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:


(a)		___ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)		___ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)		___ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)		___ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
(e)		___ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f)		___ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g)		___ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)		___ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)		___ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940.
(j)		___ Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).


Item 4.		Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

The information required by Items 4(a) — (c) is set forth in Rows 5 — 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. The percentages used herein are calculated based upon the 78,380,000 shares of Common Stock issued and outstanding.

The securities to which this Schedule relates (the “Common Stock”) are registered securities that are owned by Wellspring Capital, for which Wellspring Management serves as general partner, and Blackwell Partners, whose separate account is managed by Wellspring Management. Mr. White, as managing member of Wellspring Management, may therefore be deemed to beneficially own the Common Stock beneficially owned by Wellspring Management for purposes of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Act”), insofar as he may be deemed to have the power to direct the voting or disposition of the Common Stock.

Neither Wellspring Capital, L.P. nor Blackwell Partners LLC individually owns more than five percent of American Oriental Bioengineering, Inc.’s outstanding common stock; however, collectively they own approximately 5.15% of American Oriental Bioengineering, Inc.’s common stock. This Schedule 13G has been filed for informational purposes to reflect that Wellspring Management, LLC is the general partner of Wellspring Capital, L.P. and provides investment services Blackwell Partners LLC. This Schedule 13G is also being filed for informational purposes to reflect that Mr. White is the managing member of Wellspring Management.

Blackwell Partners is a Georgia limited liability company through which The Duke Endowment makes certain of its segregated account investments. Gothic Corporation owns approximately 53.5% of the membership interests of Blackwell Partners, The Duke Endowment owns approximately 23.8% of the membership interests of Blackwell Partners, Gothic ERP owns approximately 7.3% of the membership interests of Blackwell Partners, and Gothic HSP owns approximately 15.4% of the membership interests of Blackwell Partners.

Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that Mr. White is the beneficial owner of any of the Common Stock owned by the other Reporting Persons in this Schedule 13G, and Mr. White disclaims beneficial ownership of same, except to the extent of his pecuniary interests therein.

Each of the Reporting Persons disclaims beneficial ownership of Common Stock owned directly by another Reporting Person.

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following _.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not applicable.

Item 8. Identification and Classification of Members of the Group

Not applicable.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10. Certification

By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Signature

After reasonable inquiry and to the best of his/her knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: July 6, 2010



WELLSPRING MANAGEMENT, LLC		BLACKWELL PARTNERS LLC

/s/ George M. White		/s/ Bart J. Brunk

By: George M. White		By: Bart J. Brunk
Title: Managing Member		Title: Authorized Officer

WELLSPRING CAPITAL, L.P.		GOTHIC CORPORATION

/s/ George M. White		/s/ Bart J. Brunk

By: Wellspring Management, LLC		By: Bart J. Brunk
Title: General Partner		Title: Authorized Officer
By: George M. White
Title: Managing Member

		THE DUKE ENDOWMENT

/s/ George Maddux White		/s/ Bart J. Brunk

George Maddux White		By: Bart J. Brunk
		Title: Authorized Officer

		GOTHIC ERP

		/s/ Bart J. Brunk

		By: Bart J. Brunk
		Title: Authorized Officer

		GOTHIC HSP

		/s/ Bart J. Brunk

		By: Bart J. Brunk
		Title: Authorized Officer