LandTransfer
Agreement

     

    [Unofficial
Translation]

     

    Transferor:
Wuxi Boiler Unit Ltd. (hereinafter referred to as Party A)

     

    Transferee:  Wuxi
City Huayang Ranzheng Equipment Ltd. (hereinafter referred to as Party
B)


     

    This
Contract is made by and between the Parties on the matter of transfer of the
land from Party A to Party B in accordance with the Contract Law of the People’s
Republic of China and other relevant laws under the principles of equality,
mutual- benefit, and valuable consideration.


     

    I           Party
A’s Representations and Warrants Regarding the landTitle

     

    Party A
is located in Tuotang Bang, Qianzhou Town, Wuxi City. Party A has obtained the
Certificate of Title Deed with land area of 47926.67 square
meters;


     

    II           Party
A’s Representations and Warrants Regarding the Rights to Sell

     

    Party A
has gained the Report of Land Assets Assessment Statement issued by the
qualified appraisal institution. All the contents and amount shall be subject to
the Report.


     

    III           Party
B’s Representations and Warrants Regarding the Rights to Purchase

     

    Assume
Party A has fulfilled his obligation under the Article 1 and Article 2, and only
under such situation that Party B is willing to sign this contract of purchasing
the entire title of the land.


     

    IV           the
Purchase Price of the Real Property

     

    The
parties agree that the purchase price of the real property shall be 47.6285
million RMB.


     

    V      
     Payment Terms

     

    
      	
               
      

            	
              1.

            	
              Upon
      the signing of the Land Purchase Contract, the Party B shall make the down
      payment amount as two-thirds of the total purchase
  price.

            


    

     

    
      	
               
      

            	
              2.

            	
              The
      balance shall be settled within one year before Party B proceeds with the
      Land transfer procedure.

            


    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

      

    VI           Liability
for breach of the Contract

     

    
      	
               
      

            	
              1.

            	
              Once
      the contract has been signed, Party B shall deliver a written notice to
      Party A if Party B wants to withdraw from the contract, in such case,
      Party A shall return all the payment made by Party B without any interests
      within 3 business days, however Party A is entitled to obtain the down
      payment; Party A shall deliver a written notice to Party B if Party A
      wants to withdraw from the contract, in such case, in addition to return
      all the payment made by Party B, Party A also shall repay the down
      payment  in double within 3 business
  days.

            


    

     

    
      	
               
      

            	
              2.

            	
              In
      the event that Party B fails to make the payment in accordance with the
      time limit provided in Article V, Party A is entitled to claim the
      interest with respect to the past due un-paid amount. The Party B shall be
      liable for a late penalty fee equals to 0.04% of the past due un-paid
      amount.  In the event that the payment has not been made for
      more than 15 days, then Party B is deemed to breach the contract and the
      Party A is entitled to obtain the down
payment.

            


    

     

    
      	
               
      

            	
              3.

            	
              Party
      A shall clear the premises within 7 business days upon the receipt of
      entire purchase payment. The Party A shall be liable for a late penalty
      fee equals to 0.04% of the payment made by Party B.  In the
      event that Party fails to do so for more than 15 days, then Party A is
      deemed to breach the contract.

            


    

     

    VII         the
Agreement regarding the procedures of land transfer

     

    
      	
               
      

            	
              1.

            	
              Upon
      the signing of the contract, the Parties shall apply to the local
      administrative authority of land transaction to go through the land
      transfer procedures and obtain the Certificate of Title Deed in accordance
      with the relevant regulations.

            


    

     

    VIII        the
Terms Regarding the Issues not Covered by the Contract

     

    Any
issues not covered hereunder shall be made into a Supplementary Agreement. The
Supplementary Agreement and annexes hereto shall be an integral part of this
Contract bearing the same legal effect.  Any dispute arising from or
in connection with this Contract shall be settled by negotiation between the
Parties.

     

    IX         Effectiveness

     

    The
Contract is made in four original copies held by each party with
two.  This Contract shall be effective upon the signing and
stamping.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Party
A:  [Stamp] Wuxi Boiler Unit
Ltd.                           


     

    /s/ Lihua
Tang                                    


     

    Lihua
Tang

     

    Date:       March
12, 2007

     

    Party
B:   [Stamp] Wuxi City Huayang Ranzheng
Equipment Ltd.

     

    /s/ Jianhua
Wu                                    


     

    Jianhua
Wu

     

    Date:       March
12, 2007