| Ø | Contract      number: 81101200900001026; |
|--------|------------------------------------------|

| Ø | Loan      principal:HKD 2.499609 million; |
|--------|-----------------------------------------------------|

| Ø | Loan      term: from May 26, 2009 to May 26,2010; |
|--------|--------------------------------------------------------|

| Ø | Interest      rate: fixed at 0.29643%; |
|--------|----------------------------------------|

|   | n | Penalty      interest rate for delayed repayment: 0.29643% plus 30%      *0.29643%; |
|--------|---|-------------------------------------------------------------------------------------|

|   | n | Penalty      interest rate for embezzlement of loan proceeds: 0.29643% plus 50%      *0.29643%; |
|--------|---|------------------------------------------------------------------------------------------------------|

| Ø | Purpose      of the loan is to provide import payments of the  Company; |
|--------|-------------------------------------------------------------------------|

| Ø | Advanced      repayment of loan needs to be approved by the    Creditor; |
|--------|-------------------------------------------------------------------------------|

| Ø | Breach      of contract penalties: correct the breach of contract in time limit;      suspension of loan unprovided; release loan agreement, demand      prepayment of loan principal and interest before maturity; imposition      of punitive interest incurred due to delayed loan; imposition of punitive      interest for embezzlement of loan; imposition of plural interest for      unpaid interest; withdraw from any accounts of the Company the loan      principal, interest and other fees; compensation for the Creditor’s      expenses incurred due to demanding the loan principal and interest in case      of litigation, etc. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø | Loan      arrangement |
|--------|-----------------------|

| Ø | Interest      clearing of the loan |
|--------|------------------------------------|

| Ø | Payment      of the loan |
|--------|--------------------------|

| Ø | Interest      penalty of loan |
|--------|-------------------------------|

| Ø | Rights      and obligation of the Company |
|--------|-------------------------------------------|

| Ø | Rights      and obligations of the Creditor |
|--------|---------------------------------------------|

| Ø | Guarantee      of the loan agreement |
|--------|--------------------------------------|

| Ø | Disputation      settlement |
|--------|-----------------------------|

| Ø | Supplemental |
|--------|--------------|

| Ø | Validity |
|--------|----------|

| Ø | Text |
|--------|------|

| Ø | Notification |
|--------|--------------|

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