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| 1. | Scope      of guarantee |
|----|-------------------------|

| 2. | Method      of guarantee |
|----|--------------------------|

| 3. | Period      of guarantee |
|----|--------------------------|

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| 4. | Amendment      of master contract |
|----|-----------------------------------|

| (1) | The      Guarantor is an independent legal entity, has all necessary legal      capacities and is able to fulfill lender’s rights and undertake      liabilities under this Contract on itsown. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The      Guarantor is entitled to execute this Contract and completes all      authorization and approvals necessary for executing this Contract and      fulfilling its lender’s rights under this Contract. All the terms of this      Contract are the authenticity declaration of will of the Guarantor and      binding upon the Guarantor. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | The      Guarantor promises to comply with laws. The execution and performance of      this Contract is neither inconsistent with laws (including laws,      regulations, rules, local regulations and judicial interpretation),      articles of association, documents of relevant organs, judgments and      rulings that the Guarantor must comply with nor in conflict with any      contract or agreement executed by the Guarantor or any other lender’s      right undertaken by the Guarantor. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | The      Guarantor guarantees that all of its financial statements (if any) comply      with the laws of the People’s Republic of China (excluding Hong Kong,      Macao and Taiwan), are authenticity and complete, and fairly represent the      financial status of the Guarantor, and that all information and documents      involved in this Contract are authenticity, effective, accurate and      complete with no omission. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | The      Guarantor promises to complete filing, registration or other procedures      necessary for the effectiveness and performance of this Contract and pay      relevant taxes and expenses. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Since      the issuance of the latest audited financial statement, no substantial      adverse change has happened to the operation status or financial status of      the Guarantor. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | The      Guarantor has disclosed to the Lender facts and status that the Guarantor      knows or should know and are necessary for the Lender to determine whether      to grant financing under the mastercontract. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | On      the date of the execution of this Contract and during the performance of      this Contract, the Guarantor has not defaulted and will not default any      wage, medical or disability allowance, pension or      compensation. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (9) | The      Guarantor suffers from no situation or fact which causes or may cause      substantial adverse influence to the ability of the Guarantor to fulfill      contract. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | Commitment      of the Guarantor |
|----|----------------------------------|

| (1) | The      Guarantor promises that without obtaining the written consent of the      Lender, the Guarantor will not engage in any of the following      activities: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The      Guarantor promises that when any of the following events occurs, the      Guarantor will, on the date of the occurrence, inform the Lender of such      event, and within five banking days as of the date of the occurrence, send      the original of the said notice (if the Guarantor is a natural person, the      notice shall be signed; otherwise, it shall be sealed) to the      Lender: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | The      Guarantor promises that during the execution and performance of this      Contract, the Guarantor will provide relevant financial information or      income certificate from time to time upon the requirement of the      Lender. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Where      the Lender issues letter of credit, bank guarantee or standby letter of      credit for the benefit of the Borrower in accordance with the master      contract, the Guarantor promises that when the Borrower fails to      supplement (or supplement in advance) the guarantee money in full      according to relevant requirements, the Guarantor shall bear joint and      several liability to supplement the guarantee money. The supplement of      guarantee money by the Guarantor shall not relieve the Guarantor of the      guarantee liability of the Guarantor under this Contract. Any losses      (including interest losses) occurred to the Guarantor when it supplements      the guarantee money shall be borne by the Guarantor  itself. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | The      Guarantor confirms that before the Borrower pays off all the debts under      the master contract to the Lender, the Guarantor may not exercise recourse      or any related right against theBorrower. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (6) | Where      the Borrower repays all or part of its debts in advance or the Borrower      only pays debts to the Lender, but such repayment in advance or solely is      revoked, the Guarantor shall continue to undertake joint and several      liabilities. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Agreement      on deduction |
|----|-----------------------------|

|   | (1) | Where      the Guarantor fails to pay any debts due or shall supplement the guarantee      money fully, the Lender may directly deduct from any accounts of the      Guarantor in Shanghai Pudong DevelopmentBank. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | Unless      otherwise provided by relevant authorities, the money deducted shall be      used to repay debts according to the following order of preference: (a)      due expenses payable by the Guarantor and the Borrower; (b) interest due;      and (c) principal due. Where several lender’s rights are due and unpaid,      the order of preference shall be determined by the  Lender. |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (3) | Where      the currency of money deducted is not the currency of repayment, the      Lender is entitled to settle/purchase exchange according to the exchange      rate determined by itself. The risks in connection with exchange rate      shall be undertaken by theGuarantor. |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Certificate      of lender’s rights |
|----|-------------------------------------------|

| 4. | Notices      and service |
|----|--------------------------|

|  | (1) | Any      notice under this Contract shall be sent to the address mentioned in the      page of signature until and unless such address is changed through written      notice. Any notice sent to the said address will be deemed as received on      the following date: if by letter, the seventh banking day after delivery;      if by hand, the date of receipt; if by fax or email, the date when the fax      or email is delivered. However, all notices, requirements or communication      sent or delivered to the Lender will be deemed as received when such      notices, requirements or communication are received by the Lender. All      notices or requirements sent to the Lender by fax or email must be      confirmed by delivering the original (if the Guarantor is a natural      person, it shall sign the original, otherwise, it shall be sealed) to the      Lender by hand or postal. |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | The      Guarantor agrees that any summons or notice will be deemed as received as      long as they are delivered to the domicile stated in the page of signature      herein. No change of such domicile is valid unless the Guarantor informs      the Lender in writing in advance. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Effectiveness,      amendment and termination |
|----|-----------------------------------------------|

| (1) | This      Contract enters into effect after being sealed by the Guarantor and the      Lender and signed or sealed by the legal representative/principal or      authorized representative of both parties (if the Guarantor is a natural      person, this Contract shall be only signed by the natural person) and      terminates when all the lender’s rights guaranteed under this Contract are      settled. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | This      Contract is independent of the master contract. Its validity is not      affected even if the master contract is invalid or  revoked. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | After      this Contract enters into effect, no party is allowed to amend or      terminate this Contract in advance without the consent of the other party.      Both parties may conclude written agreement through negotiation to amend      or terminate this Agreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | Events      of breach |
|----|-----------------------|

| (1) | Any      statement, acknowledgement or guarantee of the Guarantor under this      Contract or any notice, authorization, approval, consent, certificate or      any other document made under this Contract or in connection with this      Contract is inaccurate or misleading, or confirmed to be inaccurate or      misleading, or verified to be invalid or have been  revoked; |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (2) | The      Guarantor breaches of any item under Article 4  herein; |
|-----|------------------------------------------------------------------|

| (3) | The      Guarantor winds up, stops production, is under restructuring, liquidation,      receivership or trusteeship, is dissolved or bankrupt, or has its business      license revoked or cancelled; |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | The      Guarantor is dead or declared dead; |
|-----|----------------------------------------------|

| (5) | The      Guarantor transfers or tries to transfer assets by excuse of change of      marital relationship; |
|-----|------------------------------------------------------------------------------------------------------------|

| (6) | The      financial status of the Guarantor worsens, or its operation is in great      difficulty, or any event or circumstance adverse to its operation,      financial status or repayment abilityoccurs; |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | The      Guarantor or its controlling shareholder, actual controller or connected      person is involved in major lawsuit or arbitration, or any of their major      assets are seized, closed down, frozen or enforced compulsorily or suffers      from any other measure with equivalent effect, or its legal      representative, director, supervisor or officer is involved in lawsuit,      arbitration or any other compulsory measure so that the repayment ability      of the Guarantor is affected adversely;or |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | The      Guarantor breaches of this Contract in any other way so that the normal      performance of this Contract is affected, or engages in any other activity      damaging the legitimate interest of theLender. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Disposal |
|----|----------|

| 1. | Governing      law |
|----|--------------------|

| 2. | Settlement      of dispute |
|----|----------------------------|

| 3. | Miscellaneous |
|----|---------------|

| (1) | Where      there is any inadequacy herein, both parties may negotiate to supplement      in Article 7 herein or otherwise conclude written agreement as appendix to      this Contract. Any appendix to this Contract (refer to Article 7 of this      Contract) is an integral part of this Contract and has the same legal      effect with this Contract. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Unless      otherwise stated in this Contract, the terms and expressions under this      Contract have the same meaning with those under the master      contract. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | The      master contract guaranteed by this Contract [corresponding to the Whereas      clause herein] |
|----|--------------------------------------------------------------------------------------------------------|

| (1) | The      master contract is  concluded      by the Borrower and the Lender on   or a      series of contracts from April 14, 2009 to April 14, 2012. The Lender      under this Contract is Shanghai Pudong      Development Bank Huzhou Sub-branch under the master      contract. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The      Borrower under the master contract is Changxing Chisen      Electric Co., Ltd. whose domicile is Changxing Economic      Development Zone. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2. | The      principal lender’s rights guaranteed by this Contract [corresponding to      Article 1 herein] |
|----|---------------------------------------------------------------------------------------------------------------|

| 3. | Settlement      for breach [corresponding to Paragraph 2 of Article 5    herein] |
|----|----------------------------------------------------------------------------------|

| 4. | The      appendices to this Contract include: [corresponding to Item 1 of Paragraph      3 of Article 6 herein] |
|----|-----------------------------------------------------------------------------------------------------------------|

| (1) | . |
|-----|---|

| (2) | . |
|-----|---|

| (3) | . |
|-----|---|

| (4) | . |
|-----|---|

| (5) | . |
|-----|---|

| 5. | Other      matters agreed upon by both parties [corresponding to Item 1 of Paragraph      3 of Article 6 herein] |
|----|------------------------------------------------------------------------------------------------------------------|

| 6. | This      Contract is in duplicate. The Guarantor and the Lender each hold one copy.      Each copy has the same legaleffect. |
|----|-------------------------------------------------------------------------------------------------------------------------------|

----

| The      Guarantor:                 | The      Lender:                                      |
|-------------------------------------|-------------------------------------------------------|
|                                |                                                  |
| Zhejiang      Changxing Chisen      | Special      Seal for Corporate Banking of Shanghai   |
|                                |                                                  |
| Xingguangyuan      Co., Ltd. (seal) | Pudong      Development Bank Huzhou Sub-branch (seal) |
| /s/      Authorized Person          | /s/      Authorized Person                            |

| Domicile:       | Principal      Place of Business: |
|-----------------|-----------------------------------|
|            |                              |
| Post      Code: | Post      Code:                   |
|            |                              |
| Tel:            | Tel:                              |
|            |                              |
| Fax:            | Fax:                              |
|            |                              |
| Email:          | Email:                            |
|            |                              |
| Contact:        | Contact:                          |

----

|   | No. |
|--------|-----|

|   | Promisor: |
|--------|-----------|
|   |      |
|   | Dated:    |

|   | 1. | Copy      of I.D. card |
|--------|----|------------------------|

|   | 2. | Copy      of marriage certificate |
|--------|----|-----------------------------------|

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