**Exhibit      10.3**

**Summary      of Guaranty Contract of Maximum Amount entered into between Xiangqian Li and      Shenzhen Branch, China CITIC Bank on March 14, 2007**

**Summary      of main contents: **

| · | Contract                number: No. 2007 Shenyin sun’ebaozi                004 |
|--------|--------------------------------------------------------------------------------------|

|   |   |
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| · | As                guarantor, Xiangqian Li undertakes to assume joint and several liabilities                for the Company’s indebtedness towards China CITIC Bank under                Comprehensive Agreement from March 14th, 2007 to March 14th, 2008                and                maximum amount secured is RMB                200million. |
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| · | Secured                items include the loan principal, interest, penalty interest, breach                of                contract compensation, damage compensation, and all the expenses                incurred                for China CITIC Bank to realize its creditor’s right under Comprehensive                Agreement; |
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|   |   |
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| · | Guaranty                period: |
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| (i)   | Two                years from the expiry date that the Company should fulfill its obligations                in accordance with Comprehensive Agreement; |
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| (ii)   | If                due to the provisions of relevant PRC law or regulations or any agreement                reached under Comprehensive Agreement, any loan becomes mature ahead                of                its term, guaranty period shall be two years starting from the advance                mature date. |
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**Headlines      of articles omitted:**

| · | Definition |
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| · | Method                of guaranty |
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| · | Representations                and undertakings of the Company |
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| · | Rights                and obligations of the Company |
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| · | Rights                and obligations of the Creditor |
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| · | Breach                of Contract |
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| · | Accumulation                of rights and obligations |
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| · | Continuity                of obligations |
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| · | Miscellaneous |
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