Lease
      Agreement

    


    Lessor
      (hereinafter referred to as Party A): Changxing Xiangyi Industrial Park
      Investment Co., Ltd.

    Lessee
      (hereinafter referred to as Party B): Changxing Chisen Electric Co.,
      Ltd.

     

    Party
      A
      agrees to lease to Party B the premise, Xiangyi
      Industrial Park, around 56,600 square meters which
      is
      located at Jing’er Road, Economic Development Zone, Changxing for the purpose of
production
      of battery.
      Both
      Parties agree to enter into this Agreement on the following terms and
      conditions:

     

    Article
      1 Lease Term Rent and Payment

     

    1.
      Duration: 5 years, from
      March 30th,
      2008
      to March 29th,
      2013

     

    2.
      The
      rent is RMB 4,760,000
      yuan.
      Party
      A
      shall
      bear the rental income tax.

     

    3.
      Payment shall be paid annually before March 30 each year. In case of over-due
      payment, Party B shall pay
      5
      percent of
      the
      rental as overdue fine every day.

    


    Article
      2 Rights and Obligations of Party A

     

    
      	1.	
              Party
                A is entitled to cancel the Agreement unilaterally and cannot indemnify
                Party B against damage at any of the following
                conditions:

            


    

     

    
      	 	
              (1)

            	
              Party
                B fails to pay the rental in accordance with the
                Agreement;

            


    

    
      	 	
              (2)

            	
              Party
                B transfer the lease of the promise or uses the promise for other
                purpose
                without prior approval of Party A;

            


    

    
      	 	
              (3)

            	
              Party
                B fails to pay the cost of utilities in
                time;

            


    

    
      	 	
              (4)

            	
              Party
                B is engaged in illegal operation
                or business contrary to public morality, or the lease of the promise
                is
                prohibited by government;

            


    

    
      	 	
              (5)

            	
              Party
                B violates related Regulation on Realty Management.

            


    

     

    
      	2.	
              During
                the lease term, if Party B needs to decorate or rebuild the workshop,
                it
                shall submit the design scheme to Party A and related governmental
                department for approval. Party B shall bear the expense for decoration
                or
                rebuild. If the design scheme may have impact on the main structure
                of the
                workshop, it needs the written approval from Party A and the origin
                designer.

            


    

    
      	3.	
              Upon
                the expiration or termination of the lease term, Party B shall take
                away
                all removable facilities which Party B has purchased; however, Party
                A
                will provide no compensation or sell the facilities at a discount
                rate. In
                case of any damage to the surface of the inner room during the remove,
                Party B shall repair and return the promise as it
                were.

            


    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    
      	4.	
              If
                Party B needs to use the water meter or power meter of Party A, it
                shall
                pay to Party A deposit of 50,000
                yuan(Party
                A issues receipt to Party B). Party B shall pay the cost for utilities
                in
                time. Upon the expiration or termination of the Agreement, Party
                A shall
                refund the deposit if Party B clears off the cost for utilities and
                keeps
                water or electricity in good conditions for normal
                use.

            


    

    
      	5.	
              During
                the lease term, in case of urban relocation, the Agreement shall
                terminate
                automatically. Party A will have 40%
                and Party B will have 60%
                of
                the compensation for the inner decoration ( if
                any).

            


    

    
      	6.	
              Upon
                the expiration or termination of the Agreement, Party B shall remove
                all
                its belongings within
                30 days
                after the expiry date and return to Party A the promise as it were.
                

            


    

    
      	7.	
              Party
                A shall be responsible for the timely check on the workshop and attached
                facilities and shall bear normal maintenance fee (except for the
                damage
                caused by Party B’s fault). Neither party shall be liable for the damage
                to the workshop or attached facilities caused by a Force Majeure
                event.

            


    

    
      	8.	
              Party
                A provide to Party B fire protection facility at current status.
                Party B
                shall bear the responsibility for any
                change.

            


    

    
      	9.	
              Party
                A provides to Party B dynamo-electricity of 6000
                kilowatt for
                production use. If Party B needs power supply increment, Party B
                shall be
                responsible for the application and the
                expense.

            


    

    


    Article
      3 Rights and Obligations of Party B

    
      	1.	
              During
                the lease term, Party B may not change the business scope or transfer
                the
                lease of the promise to any third party unless with Party A’s approval and
                a new supplemental agreement.

            


    

    
      	2.	
              During
                the lease term, if Party A needs use the workshop or lease to other,
                Party
                A shall compensate Party B for the decoration expense which shall
                be
                calculated in depreciation based on original
                value.

            


    

    
      	3.	
              If
                Party requires canceling the Agreement due to operational difficulty,
                it
                shall notify Party A two months in advance and the present inner
                and
                out-door decoration to Party A for
                free.

            


    

    
      	4.	
              Within
                one month before the contract expires, Party B will notify Party
                A if it
                cooperate well with Party A and intends to extend the leasehold.
                Under the
                same terms, Party B has the priority to lease the
                premises.

            


    

    
      	5.	
              During
                the lease term, Party B shall be responsible for the damage to Party
                A and
                promise in neighborhood due to Party B’s
                fault.

            


    

    
      	6.	
              Party
                B shall be responsible for its credits and debts, and Party A shall
                not
                take any responsibility.

            


    

    
      	7.	
              Party
                B shall comply with the Regulation on Realty Management.(Annex:
                Regulation
                on Realty Management
                of Xiangyi Industrial Park)

            


    

    
      	8.	
              During
                the lease term, Party B shall operate the business legally complying
                with
                the state laws and local regulations on comprehensive management
                and urban
                management, and pay the taxation and fees in
                time.

            


    

    


    Article
      4 Breach Liability

    1.
      If
      Party B violates the Provision 4 in Article 2, Party B shall pay compensation
      of
      100,000 yuan to Party A. 

    2.
      If
      Party B violates the Provision 6 in Article 2, Party B shall pay compensation
      of
      10,000 yuan to Party A for each delayed day when it returns the premises; Party
      B shall pay compensation of 100,000 yuan if it suspends the Agreement.



    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    3.
      If
      Party B violates the Provision 1 in Article 3, Party B shall pay compensation
      of
      100,000 yuan to Party A.

    4.
      If
      Party B violates the Provision 2 in Article 3, Party B shall pay compensation
      of
      100,000 yuan to Party A.

    5.
      If
      Party B violates the Provision 7 in Article 3, Party B shall pay compensation
      of
      100,000 yuan to Party A.

    


    Article
      5 Others

    
      	1.	
              When
                the Agreement is signed, data of the water meter and electricity
                meter
                shall be kept in record.

            


    

    
      	2.	
              Any
                unsettled matters shall be solved by
                negotiation.

            


    

    
      	3.	
              The
                Agreement is made in quadruple with each party holding two originals.
                It
                shall come into effect with signature after Party B pays the
                rental.

            


    

    


    Party
      A:
      Changxing Xiangyi Industrial Park Investment Co., Ltd.(seal)

    Representative
      of Party A (signature) /s/ Authorized Representative 

    


    Party
      B:
      Changxing Chisen Electric Co., Ltd. (seal)

    Representative
      of Party B (signature) /s/ Authorized Representative

    


    Date:
      March 30, 2008