Exhibit
      10.01

     

    


    XingYe
      Bank Short-term Loan Agreement

    serial
      numberæXing Yin Jing Shi ø2006÷string Liu Fifth

    


     

    
      
        	
                Loaner:
                  

              	 	
                XingYe
                  Bank

              	 	 	 
	 	 	 	 	 	 
	
                Address:

              	 	
                Beijing
                  Shi Ji Tan Branch ,No. 1 Fu Xing Road, Hai Dian district, Beijing
                  City.
                  100038

              
	 	 	 	 	 	 
	
                Contact
                  number: 

              	 	
                68527010 

              	 	
                Fax
                  number:

              	
                68527010

              
	 	 	 	 	 	 
	
                Borrower:

              	 	
                Beijing
                  Telestone 

              	 	 	 
	 	 	 	 	 	 
	
                Address:
                  

              	 	
                6/F,
                  Saiou Plaza, No.5, Haiying Road Fengtai Technology Park, Beijing
                  100070,
                  China

              
	 	 	 	 	 	 
	
                Contact
                  number:

              	 	
                83670088 

              	 	
                Fax
                  number:

              	
                83670088

              
	 	 	 	 	 	 
	
                Signing
                  place:

              	 	
                Hai
                  Dian District, Beijing

              	 	 	 


      



    Article
      one: Amount

    10million
      RMB

    


    Article
      two: Function

    Supplement
      liquid fund

    


    Article
      three: Period

    Twelve
      months; from 16 June 2006 to 16 June 2007

    


    Article
      Four: Interest rate

    Adjusted
      monthly and 130% of national standard rate ( in the same period and the same
      level). 

    


    Article
      Five: Penalty rate

    50%
      higher than loan interest rate

    


    Article
      Six: Repayment

    According
      to this Agreement, the borrower shall repay the principle and interest on
      time.

    


    Article
      Seven: Guarantee

    The
      following agreements are guarantees of this agreement:

    


    
      	1.	
              Promissory
                Agreement of XingYe Bank (Bao Zi No.5-1 Xing Yin Jing Shi (2006)
                ).

              Guarantee
                method: related guarantee.

              Warrantor:
                China Hua Da Economy Guarantee Ltd.

            


    

    
    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	2.	
              Personal
                guarantee statement: (Ge Bao Zi No.5-2 Xing Yin Jing Shi (2006)
                )

              
                Guarantee
                  method: Personal related guarantee. 

                Warrantor:
                  Han Daqing

              

            


    

    


    Article
      Eight: Statement and Promise:

    


    
      	1.  	
              The
                borrower states that the company is a legally registered company
                and has
                rights to sign and perform this agreement.


            


    

    
      	2.  	
              The
                loan under this agreement is authorized by the Board of Directors
                of the
                company or its highest powerful organization of the company. All
                the
                Articles of this agreement do not breach the regulations, laws, policies
                and rules of the company.

            


    

    
      	3.  	
              There
                is no other mortgage, impawn, lien and debt liability except which
                has
                stated in this agreement and no other pending legal proceedings as
                well.

            


    

    
      	4.  	
              The
                borrower does not hide any issues which may cause the loaner do not
                sign
                this agreement. 

            


    

     

    Article
      Nine: Withdrawal in advance

    During
      the loan period, the loaner can withdrawal the loan in advance when the
      following issues happened,

    


    
      	1.  	
              the
                borrower owns interests

            


    

    
      	2.  	
              the
                operating profit drops sharply

            


    

    
      	3.  	
              the
                borrower involves in the legal
                proceedings

            


    

    
      	4.  	
              untrue
                financial statements and materials
                provided

            


    

    
      	5.  	
              the
                borrower peculates the loan

            


    

    
      	6.  	
              the
                borrower rejects the inspection and supervision of
                loaner

            


    

    
      	7.  	
              significant
                affairs happened on the borrower

            


    

    
      	8.  	
              unsafe
                situation happened to the loan

            


    

     

    Article
      Ten: Breach Liability 

    Any
      breach of this agreement is defined as breach.

    


    If
      the
      borrower breaches the agreement, the loaner has rights to take the following
      measure,

    
      	1.  	
              making
                a deadline for putting right

            


    

    
      	2.  	
              stopping
                drawing

            


    

    
      	3.  	
              terminating
                the agreement 

            


    

    
      	4.  	
              asking
                the penalty interests if it exceed the loan
                period

            


    

    
      	5.  	
              asking
                the peculating penalty if the borrower
                peculates

            


    

    
      	6.  	
              asking
                the interests of loan interests

            


    

    
      	7.  	
              taking
                out the principle and interests of loan from any account of the
                borrower

            


    

    
      	8.  	
              using
                legal method to take the loan back

            


    

    


    The
      borrower shall pay any loss of repayment which does not follow this
      agreement

    


    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    If
      the
      following issues happened on the guarantors, the loaner has rights to take
      the
      measures as above,

    
      	1.  	
              the
                guarantor breaches the guarantee agreement or its credit standard
                goes bad
                

            


    

    
      	2.  	
              the
                mortgagor breaches the mortgage agreement or destroys the
                guarantee

            


    

    
      	3.  	
              the
                person for impawning breaches the impawning agreement or the value
                of
                impawning drops sharply

            


    

    


    Article
      Eleven: Abandon of rights and performance of liability

    
      	1.  	
              The
                borrower is independent from any party of this agreement or the third
                party.

            


    

    
      	2.  	
              Any
                tolerance and extension allowed by the loaner do not affect the rights
                and
                obligation of this agreement

            


    

    


    Article
      Twelve: Jurisdiction

    This
      Agreement and any other ancillary agreement between the parties shall be
      governed by the laws
      of
      China.

    


    Article
      Thirteen: Notice

    


    
      	1.  	
              Any
                related notice and contact need to be send according to the contact
                information showed on the cover of the
                agreement.

            


    

    
      	2.  	
              Once
                any party changes the contact information, it should notice the other
                party in time.

            


    

    
      	3.  	
              If
                any notice or contact is send according above address, which can
                be
                considered as received as the following day
                respectively,

            


    

    


    
      	(1)  	
              The
                fifth business day of the letter
                send

            


    

    
      	(2)  	
              Receiving
                the confirmation signal of counter party for
                fax

            


    

    
      	(3)  	
              Signature
                of the delivery

            


    

    


    
      	4.  	
              The
                parties negotiated that both parties’ official seals are effective stamps
                on the agreement. Any person of the borrower can represent the company
                to
                receive the mail and related documents.


            


    

     

    Article
      Fourteen: Effective period 

    This
      agreement enters into the effective period when the following terms
      happened,

    
      	1.  	
              Both
                parties sign or seal

            


    

    
      	2.  	
              The
                attached guarantee agreement has been effective


            


    

    
      	3.  	
              Notarial
                proceeding has been done

            


    

    


    This
      agreement is valid until all the principle, interests and other debt are repaid
      off. 

     

    Article
      Fifteen: Document

    This
      Agreement is executed four originals. Two parties, notarial office and Guarantee
      Company have one original respectively. Any counterparts are revised and
      enlarged as needed. 

     

    Article
      Sixteen: Supplement

    


    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    
      	Loaner 	seal	 	Beijing Shi Ji Tan Branch of
              Xing Ye
              Bank


    

     

    Legal
      Representative of Xing Ye Bank: /s/
      Wu
      Jing

    Wu
      Jing


    


    
      
        	Borrower	seal	 	Beijing
                Telestone


      

       
        

    

    Legal
      Representative of Beijing Telestone: /s/
      Han Daqing

    Han
      Daqing 

    


    16th
      June,
      2006


     

    
      
        
        

      

      
        -4-