| 1. | “Daifuda” means: Based on Party A’s application, Party B provides the short-term financing with its overseas branch or through inter-bank borrowing in domestic and international markets (hereinafter refer to as “Paying Bank”) for Party A’s account payable under the imported products or trade service. Party A shall pay off all the above mentioned financing including interests, commissions, fees and default interests within the time limits. |
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| 2. | The scope for import settlement account includes: Letter of Credit, collection, remittance (including prepayment, cash on delivery and trade service etc), all above mentioned settlements should be conducted in accordance with international practice and all signed contacts and agreements between Party A and Party B. |
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| 1. | This contract has already been effective; |
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| 2. | Party A obligates and signs the related documents, receipts, seal, related person’s name lists and samples of signatures for party B, and also fills in relevant certificates; |
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| 3. | Party A opens the required account to fulfill this contract; |
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| 4. | Party A arranges the required legal and administrative approval process to facilitate the business properly, and submits the duplicate copy of the approval documents or the copies of the original documents as requested by Party B; |
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| 5. | The guarantee on the provision of this contract has been effectively established; |
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| 6. | Other conditions requested by Party B. |
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| 1. | Interest rate (annual interest rate) |
|----|--------------------------------------|

|   | (1) | Financing in RMB: fixed interest rate, and annual interest rate is / %; |
|--------|-----|--------------------------------------------------------------------------------|

|   | (2) | Financing in foreign currency: |
|--------|-----|--------------------------------|

|   | A. | Fixed interest rate, and annual interest rate is /%; |
|--------|----|-------------------------------------------------------------|

|   | B. | Loan interest rate in the floating period within  / months / years since the financing date published by the Bank of China, Inc. |
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|   | C. | Benchmark of LIBOR/HIBOR + 140 for the 3 months fixed by paying bank on financing date. |
|--------|----|-----------------------------------------------------------------------------------------|

| 2. | Calculation of interest |
|----|-------------------------|

| 3. | Method of interest settlement |
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| (1) | Settlement with quarter, 20th of each last month per quarter as the interest settlement day, and the 21st as the payment day. |
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| (2) | Settlement with month, 20th of each month as the interest settlement day, and the 21st as the interest payment day. |
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| (3) | Same as expiration date of principal. |
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| (4) | Receive the interest in advance and settle when expiration date. |
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| 4. | Default interest |
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|   | (1) | If Party A fails to return the principal amount of financing within the agreed term, as for the overdue payment, the default interest shall begin accruing according to the default interest rate starting from the date of late payment until both the principal and interest are paid off. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | If Party A fails to pay the interest and default interest in time, it can be penalized with compound interest per month/per quarter according to agreed default interest in this contract. |
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|   | (3) | Default interest rate |
|--------|-----|-----------------------|

| 1. | Arrangement of paying for another financing |
|----|---------------------------------------------|

| 2.  | Telegraph expenses of Party B and paying bank: USD 23.83 √Party A pay for it            Receiver pay for it |
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| 1) | Margin Amount: (Currency) RMB ; (Spell-Out) Six Million; |
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| 2) | Party A pay for above margin with following method: |
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| 3) | In case above guarantee liability of margin has been removed by Party B, Party B shall return according to following methods: |
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| 1. | Party A registers and survives by law, and possess the complete capacity of civil rights needed to fulfill this contract; |
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| 2. | Party A signs and fulfills this contract based on true intention, has obtained the legal and effective authority according to the requirements of the Articles of Incorporation or other internal management documents, and is not allowed to violate any binding agreement, contract and other legal documents; Party A has gained or will gain all the relevant approvals, permits, files or registers. |
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| 3. | All the documents and certificates provided by party A to Party B is authentic, complete, accurate and effective under this contract; |
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| 4. | The trading background described by party A to party B is authentic and legal, and does not have the illegal purpose such as money laundering. Party A providing any documents according to party B’s requirements does not mean that party B has the obligations and responsibilities of inspection towards the authenticity and legality of party A’s trade; |
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| 5. | Party A will not hide any truths that may influence both parties’ financial situation and contractual capacity. |
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|   | 1. | Provide the statement of products sales regarding the import items in timely manner according to Party B’s requirement. |
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|   | 2. | If Party A has already signed or will sign counter-guarantee agreement or other similar agreements about the guaranteed obligations with the guarantor of this contract, then the agreement will not damage any rights owned by party B under this contract; |
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|   | 3. | If the products sales of the import items have serious difficulties, or situations that may influence both parties’ financial conditions and capacity to fulfill this contract, including but not limited to the change of any business pattern of dismantlement, merger, affiliation, joint venture with foreign merchants, cooperation, contractual operation, reorganization, reformation and listing program, reduction of registered capital, assignment of significant property or stock right, commitment of significant liabilities, or installation of new significant liabilities on the pledge, or involvement to grave litigation or arbitration cases, party A shall inform party B in time; |
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|   | 4. | Party A agrees that Party B has the right to provide related business documents to paying bank in order to continues to do business. |
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|   | 5. | As for pending matters, Party A agrees to handle according to the international conventions and agreement with Party B. |
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| 1. | Party A does not belong to the group client of party B according to the Management Guidance of Credit Extension Business Risk of Commercial Bank Group (“Guidance”). |
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| 2. | Party A belongs to the group client of party B according to Guidance. Party A shall report the situation of related transactions over 10% net assets in time, including the related relationship, trading projects, trading properties, trading amount, corresponding proportion and pricing policy and so on (including the trade with no capital but only proportion capital). |
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| 1. | Party A fails to fulfill its obligations to pay and repay to the party B according to this contract; |
|----|------------------------------------------------------------------------------------------------------|

| 2. | The statements made by party A is untrue or default the commitments under this contract; |
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| 3. | The matters mentioned in No.3 of Item 2 in Article 9 happen; Party B considered those may affect the financial conditions and contractual capability of Party A or guarantor, and Party A has not provided new guarantee, replaced guarantor in accordance with the provisions of this contract. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Party A closes down or is subject to disincorporation, revocation or bankrupt. |
|----|--------------------------------------------------------------------------------|

| 5. | Party A defaults other covenants in this contract; |
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| 6. | Party A default the other contracts signed with Party B or other institutions of Bank of China, Inc. |
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| 7. | Guarantor defaults the covenants of guarantee contract, or other contracts signed with Party B or other institutions of Bank of China, Inc. |
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| 1. | Request Party A and/or guarantor to amend the default behaviors within limited time;  |
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| 2. | Entirely or partly suspend or terminate Party A’s business applications under this contract or the other contracts, entirely or partly suspend or terminated to grant and handle the un-granted loans, holding trading financing; |
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| 3. | Announce the unpaid loans/financing principals and interests and the other account payables to entirely or partly expire. |
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| 4. | Terminate or revoke this contract, entirely or partly terminate or revoke the other contracts between Party A and Party B; |
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| 5. | Request Party B to compensate the liquidated damages; |
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| 6. | Deduct funds from Party A’s account to repay entirely or partly liability under this contract. |
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| 7. | Execute real guarantee; |
|----|-------------------------|

| 8. | Request guarantor to bear guarantee liability; |
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| 9. | Other measures considered necessary by Party B. |
|----|-------------------------------------------------|

| 1. | Submit to ___________________Arbitration Committee to arbitrate. |
|----|------------------------------------------------------------------|

| 2. | Submit to the People’s court located in the domicile of Party B or other corresponding institutions of Bank of China, Inc. |
|----|----------------------------------------------------------------------------------------------------------------------------------|

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| 3. | Prosecute the People's Courts with jurisdiction. |
|----|--------------------------------------------------|

| 1. | Without Party B’s written consent, Party A is not allowed to transfer rights or obligations to the third parties. |
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| 2. | If Party B entrusts any other institutes of Bank of China to execute the rights and obligations under this contract, Party A shall agree. Party B or its designees are entitled to exercise all the rights under this agreement and to file a lawsuit in the People's Courts or submit to the Arbitration Committee to arbitrate. |
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| 3. | In case of not affecting the other covenants of this contract, this contract has the legal binding to the heirs and transferees. |
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| 4. | Apart from the other covenants, the address specified in this contract by both parties is regarded as the contract address, and also promise that when the contract address changes, then information will sent to the party in written form in time. |
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| 5. | The titles and business names in this contract are just used for the purpose of convenience, and can’t be used for the purpose to explain the clause content, and obligations and rights of the party. |
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| 6. | Per the changes of laws and regulations or regulatory process or the requirements of regulatory authority, Party B is unable to execute this agreement or execute according to covenants, Party B has the right to terminate or amend this agreement or single agreement according to the changes of laws and regulations or regulatory process or the requirements of regulatory authority and exemption from liability. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Party A: Ningbo Keyuan Plastic Co., Ltd  | Party B: Bank of China, Inc Beilun Branch |
|-----------------------------------------------|-------------------------------------------|
|                                          |                                      |
| The authorized person:                        | The authorized person:                    |
|                                          |                                      |
| May 2, 2012                         | May 2, 2012                     |

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