Acceptance
      Agreement

    


    No.(2008)210

     

    Applicant:
      Changxing Chisen Electric Co., Ltd.

    


    Acceptance
      Bank: Industrial Bank Co., Ltd. Hangzhou Branch

    


    Signing
      Place: Hangzhou

    


    WHEREAS,

    


    The
      Applicant applies to the Acceptance Bank for acceptance draft, and after
      consultation, both parties hereby enter into this Agreement to evidence the
      aforesaid. 

    


    NOW
      IT IS agreed
      as
      follows:

    


    
      	
              1.

            	
              This
                Agreement shall have a credit of twenty million Yuan Renminbi and
                have a
                validity from August 20th, 2008 through August 20th, 2009.
                

            


    

    


    
      	
              2.

            	
              Description
                of Acceptance Draft 

            


    

    


    Payer’s
      name: Changxing Chisen Electric Co., Ltd.

    Opening
      bank: Industrial Bank Yuhang Branch

    Account
      No.: 357950100100034064

    Draft
      No.: 

    Signing
      date: August 25th, 2008

    


    Payee’s
      name: Jiangsu Xiangfa Electronic Power Co., Ltd.

    Opening
      bank: China Construction Bank Yutai Branch

    Account
      No.: 32001728036052502278

    Draft
      amount: RMB10 million 

    Maturity
      date: February 25th, 2009 

    


    Payer’s
      name: Changxing Chisen Electric Co., Ltd.

    Opening
      bank: Industrial Bank Yuhang Branch

    Account
      No.: 357950100100034064

    Draft
      No.: 00833122

    Signing
      date: August 25th, 2008

    


    Payee’s
      name: Jiangsu Xiangfa Electronic Power Co., Ltd.

    Opening
      bank: China Construction Bank Yutai Branch

    Account
      No.:32001728036052502278

    Draft
      amount: RMB10 million 

    Maturity
      date: February 25th, 2009 


    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    


    
      	
              3.

            	
              The
                Applicant shall pay in full the money payable to the acceptance bank
                prior
                to the maturity date.

            


    

    


    
      	
              4.

            	
              The
                acceptance expense shall be charged according to 0.05% of face value
                and
                shall be paid in a lump sum. 

            


    

    


    
      	
              5.

            	
              Any
                dispute in connection with the acceptance draft shall be settled
                solely by
                the payer and the payee. Notwithstanding any dispute, and money borne
                in
                the draft shall be paid pursuant to section 3 hereof.
                

            


    

    


    
      	
              6.

            	
              Provided
                that the Applicant fails to pay the money payable in full on the
                maturity
                date, the Acceptance Bank shall be entitled to collect penalty interest
                of
                0.05% of total arrears for each day of default.


            


    

    


    
      	
              7.

            	
              Security
                Agreements:

            


    

    


    (1)
      No.
      Yuzhigaobao(2008)040 Maximum Security Agreements of Industrial
      Bank, Sponsor
      :
Zhejiang
      Changsheng Glass Co., Ltd.
      Security
      Type : Guarantee

    (2)
      No.Yuzhidiya (2008)019 Maximum Mortgage Agreements of Industrial Bank
Sponsor
      :
Changxing
      Chisen Electric Co., Ltd. Security Type
      :
Mortgage

    (3)
      No.
      Yuzhibaozheng(2008)181 Personal Guarantee Acknowledgment of Industrial
      Bank,
      Sponsor
      :
Xu
      Kecheng, Security Type
      :
Guarantee

    (4)
      No.
      Yuzhibaozheng(2008)182 Personal
      Guarantee Acknowledgment of Industrial Bank,
      Sponsor
      :
Zhou
      Fangqin,
      Security Type
      :
Guarantee

    


    
      	
              8.

            	
              The
                security agreements to this agreement are in force. The agreement
                shall be
                invalid once the applicant or the sponsor pays in full the bill and
                related charge. 

            


    

    


    
      	
              9.

            	
              The
                agreement is made in duplicate, with each party holding one origin.
                Additional copies could be made if
                necessary

            


    

    


    
      	
              10.

            	
              Supplement:
                No

            


    

    


    Applicant:
      Changxing Chisen Electric Co., Ltd.

    Authorized
      representative: /s/ Xu Kecheng

    Date:
      August 25th, 2008

    


    Acceptance
      bank: Industrial Bank Co. Ltd. Hangzhou Branch

    Authorized
      representative: /s/ Jin Jianhong

    Date:
      August 25th, 2008