| 1. | Project Name: Befut Phase II Project |
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| 2. | Cooperation Form: Party A authorizes Party B to build plant, all-purpose building, office building, gym, storage yard, road, landscaping, lighting, comprehensive distribution network, water facilities and other relevant affiliated buildings. |
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| 3. | Project Location: Changxing Island Harbor Industrial Zone Marine Equipment Industrial Zone Phase I, Dalian, Liaoning Province. |
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| 4. | Project details: mainly engaged in the manufacturing and selling of marine, industrial and residential wires and cables (must be within the business scope approved by the industrial and commercial bureau) |
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| 5. | Project Scale: This project covers an area of 89,684.4 sq. meters.  The buildings covers an area of 75,352.11 sq. meters (actual area should be approved by Dalian Changxing Island Harbor Industry Zone Planning Department).  Construction cost is estimated to be within  RMB 175 million (all expenses are determined by budget and final cost, and Party B needs written confirmation from Party A regarding its expenses for this Project, otherwise Party A has the right to refuse to pay to Party B at final settlement) |
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| 6. | Constructions: according to the agreed blueprint, including the industrial zone, plant, office building, etc. Party A checks and maintains the plan of the project as well as the expenses. Heating method is by heater.(Decoration of office buildings and constrution of electric facilities are not included in this agreement. Both parties could make further discussion if necessary.) |
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| 7. | Party B has the responsibility to handle design and reporting procedures of electric power. Party A is in charge of construction.  Landscaping will commence in March, 2013. |
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| 8. | Construction Term: This project construction is estimated to commence in April 2011and complete by December 31st,  2012. |
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| 1. | Within one month from the date this agreement is signed, Party A will pay 2% of the total payment, i.e. RMB 3.5 million, and the construction starts. |
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| 2. | Within 90 days, Party A will pay 20% of the total payment, i.e. RMB 35 million. |
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| 3. | Thereafter, Party A will pay up to 70% of the total payment according to the progress of the construction. |
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| 4. | 20% of the total payment shall be paid after the main buildings are completed and the construction meet the standards, as well as property certificates of all buildings and all the documents for manufacturing that Party A need have been obtained. |
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| 5. | 10% of the total payment is Quality Assurance Deposit, and it shall be paid within one year. |
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| 6. | Both agree that Party B has the responsibility for construction, as well as handle relevant documents.  The constructor with relevant certificates shall be determined by both Party A and Party B through bidding. |
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| 7. | All the expenses relating to budget, final cost and modification for all the engineering projects, including but not limited to, design, reconnaissance, construction, supervision, must be signed and confirmed by Party A, otherwise Party A will not approve. All the expenses that Party B pays to third parties during the construction period need to be approved by Party A in writing.   Otherwise Party A has the right to refuse to pay to Party B.(Party A should sign to confirm within 5 days after receiving the above contents which needs confirmation. If Party A does not confirm or raise comments, Party A is deemed to have agreed.) |
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|   | A. | Building Delivery Time |
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|   | 1. | Buildings should be handed over by December 31st, 2012.(except landscaping) |
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|   | 2. | Under the following special cases, Party B could apply for an extension: |
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|   | o | The occurrence of any force majeure which are beyond our control; |
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|   | o | Extensions caused by compliance with laws, government regulations and local ordinance; |
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|   | o | Delays caused by install public ancillary facilities; |
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|   | o | Other extensions not caused by Party A. |
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|   | B. | Building Delivery |
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|   | 1. | Party B should notify Party A in written form according to the agreed delivery time. If Party B can not deliver buildings on time due to its own problem, Party B is responsible for the direct economic damage of Party A. |
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|   | 2. | Within 15 days since Party A receives the building acceptance notice, Party A should check the buildings in time. If Party A refuses to check the buildings without proper reasons, all buildings will be deemed to have passed the examination. And Party A is responsible for the direct economic damage of Party B. However, if the project fails to pass the examination standard, Party A has the right to refuse to accept the delivery. |
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|   | 1. | The blueprint and the drawings of the project must be approved by Party A in written form before Party B could start construction. |
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|   | 2. | During the period of construction, neither parties may modify the functionality of the plan and design.  To modify, both parties must reach an agreement and approved by relevant government agencies if their approvals are required. |
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|   | 3. | Non-functional modifications of the plan and design shall be further discussed by both parties. |
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|   | 1. | From the date the buildings are delivered, the scope and duration of warranty that Party B is responsible for is in accordance with relevant government regulations. |
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|   | 2. | When buildings have quality problems within the warranty scope and period, Party A should immediately inform Party B, and take action to avoid any further loss. Party B should also carry out its responsibilities specified in the warranty. If Party B does not repair in time and causes the loss, Party B should assume all the responsibility. |
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|   | 3. | From the date the buildings are delivered, if the buildings damage from force majeure or other reason not relating to Party B, Party B does not assume the responsibility, however, Party B can assist to repair and Party A pays the relevant expenses. |
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|   | A. | Party A’s Rights and Responsibilities |
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|   | 1. | Party A has the right to appoint its representatives to participate in the project management, coordination and liaison, as well as supervision for project quality and progress. Party A has the right to change its representatives at any time, but should keep Party B informed in advance. |
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|   | 2. | Party A should strictly follow the agreement to pay to Party B, and also accepts the delivery of buildings.  If the Project is delayed due to Party A’s fault, Party B does not assume the responsibility. |
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|   | 3. | It must get written approval from Party C, if Party A rebuilds or expands the buildings after they are examined and accepted, or carries out other constructions in the industrial zone that may have side effect to the design and environment. |
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|   | 4. | After accepting the buildings, maintenance, management and risks of the buildings, except the quality of main buildings, are all assumed by Party A. |
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| 1. | Party B has the rights to request party A to make the plan according to the CMC’s determined construction scheme.  The volume rate, construction coefficient , greening rate shall conform to the planning department’s requirements. |
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| 2. | In reasonable condition, party B has the right to refuse to perform work requested by Party A that are beyond the scope of this agreement. |
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| 3. | Party B is responsible for the materials, project approval, construction planning license, construction license, designing that are needed in the project, and also the construction organization and the completion acceptance. Party A should support accordingly. |
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| 1. | If Party A and Party B needs to assign this agreement to another party for special reasons, they should have a friendly negotiation with each other and the new party shall undertake the rights and obligations of from Party A or Party B which assigns the agreement to it. |
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| 2. | If Party B fails to perform its obligations under this agreement, Party A has the right to sue Party C, and Party C shall jointly undertake Party B’s obligations under this agreement with Party B. |
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