Exhibit
      10.29

     

    CREDIT
      AGREEMENT

     

    (English
      Summary Translation)

     

    Pledgee
      (Party A): Bank of Nanjing Stock Co. Ltd., International Business
      Department

     

    Pledgor
      (Party B): Goldenway Nanjing Garments Co. Ltd.

     

    To
      ensure
      the execution of the one or more loan agreement(s) entered by Party A and
      Nanjing Goldenway Nanjing Garments Co. Ltd. (hereinafter, known as “Debtor”),
      Party B shall provide guarantee for Debtor. This Agreement is entered by Party
      A
      and Party B in accordance with the PRC Laws and Regulations.

     

    
      	
            	I.	
              Party
                B’s Representations and Warranties

            


    

     

    The
      mortgaged properties, with Party B as their lawful owner, are not subject to
      any
      controversy of ownership or right of use, confiscation, seizure, control,
      expropriation, removal or any other compulsory measures. These properties under
      this Agreement are legally mortgageable under applicable law. 

     

    
      	
            	II.	
              The
                Credit Agreement and Guaranty

            


    

     

    The
      term
      of the credit agreement is from July 31, 2008 to July 31, 2010. This credit
      agreement and guaranty hereunder covers any and all borrowings of up to
      50,000,000 RMB under one or more loan agreements between Party A and Party
      B.
      Party B shall provide a guarantee, which shall not be restricted to the term
      of
      the loan or the maturity or amount of the loan. 

     

    
      	
            	III.	
              Pledged
                Collateral; Mortgage

            


    

     

    See
      the
      List of Mortgaged Properties (attached herewith). 

     

    
      	
            	IV.	
              The
                Guaranteed Obligations

            


    

     

    The
      guaranteed obligations include the principal amount of the debt hereunder and
      interest, default fines, damage awards and expenses for the realization of
      the
      creditor’s rights (not including expenses for litigation, arbitration, property
      preservation, business travel, notarization, execution, lawyers, evaluation,
      or
      auction, and similar costs and expenses). 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
            	V.	
              Entry
                and Change of Terms of Loans

            


    

     

    Except
      for increase of the amount of a given loan or extension of the term of a loan,
      any change of the principal loan agreement or any change of the interest rate
      under the principal loan agreement is not subject to the approval of Party
      B.


     

    
      	
            	VI.	
              Independence
                of the Agreement

            


    

     

    This
      Agreement is independent from the principal agreement or instruments under
      which
      Party B is a debtor. The invalidity and revocability of the principal agreement
      does not affect the effectiveness of this Agreement. If the principal agreement
      is deemed invalid or revocable, Party B shall still provide guarantee for the
      debt generated from Debtor’s liability to return the property or pay the damage.
      Party B’s duty of guarantee shall not change due to consolidation, separation,
      change of stock equity, loss of civil capability, loss, death, declaration
      of
      loss or death of the Debtor. 

     

    
      	
            	VII.	
              Possession
                of Property

            


    

     

    During
      the mortgage, the mortgaged properties shall be in possession of Party B. Party
      B has the duty to preserve, maintain, and repair the mortgaged properties
      properly.

     

    
      	
            	VIII.	
              Registration
                of the Mortgaged Properties

            


    

     

    The
      mortgaged properties shall be registered with relevant agencies. Party B shall
      help Party A on the registration of the properties within 3 days after entering
      this Agreement. 

     

    
      	
            	IX.	
              Insurance
                for the Mortgaged Properties

            


    

     

    Party
      B
      shall insure the mortgaged properties as instructed by Party A. At no time
      shall
      the amount of the insurance coverage be less than the amount of indebtedness
      under the loans. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
            	X.	
              Damage
                Caused by a Third Party

            


    

     

    Party
      A
      has the right to do the following in case of any damage caused by a third party:
      

     

    
      	 	
              1.

            	
              Require
                repayment of the debt or part of the
                debt;

            


    

     

    
      	 	
              2.

            	
              Change
                to a deposit of fixed term;

            


    

     

    
      	 	
              3.

            	
              Change
                to guarantee money;

            


    

     

    
      	 	
              4.

            	
              Repair
                the properties; 

            


    

     

    
      	 	
              5.

            	
              Require
                the pledge of new properties of Party B for mortgage.
                

            


    

     

    
      	
            	XI.	
              Disposition
                of the Mortgaged Properties

            


    

     

    Party
      B
      shall not sell, gift, transfer, exchange, lease, remortgage, move or dispose
      of
      the mortgaged properties by other means without a written consent of Party
      A.

     

    
      	
            	XII.	
              Realization
                of Mortgage in Advance

            


    

     

    Party
      A
      has the right to dispose of the mortgaged properties once it declares in
      accordance with law that the debt is due in advance.

     

    
      	
            	XIII.	
              Rights
                and Duties of Party B

            


    

     

    If
      the
      mortgage is or is likely to be impaired by a third party, Party B has the duty
      to inform Party A to avoid such impairment. Party B shall provide additional
      guarantee as agreed in the principal agreement. Party B shall pay for the
      evaluation, notarization, insurance, registration, transfer of ownership,
      assessment, preservation, litigation, arbitration, execution, auction, legal
      service, and similar costs and expenses. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
            	XIV.	
              Rights
                and Duties of Party A

            


    

     

    Party
      A
      has the right to require Party B to provide a guarantee for the debt that is
      unpaid, and the right to dispose of the mortgaged properties to satisfy any
      outstanding debt. 

     

    
      	
            	XV.	
              Breach
                of Contract

            


    

     

    In
      case
      of breach of contract by Party B, Party A has the right to ask for correction,
      a
      new guarantee, and any applicable remedy under law. 

     

    
      	
            	XVI.	
              Applicable
                Laws and Settlement of Dispute

            


    

     

    The
      Laws
      of People’s Republic of China are applicable laws to this Agreement. In case of
      dispute, the parties can resolve it through consultation. If the dispute cannot
      be settled through mutual agreement, the parties can bring it to the local
      court
      in Party A’s location.

     

    
      	
            	XVII.	
              Effectiveness,
                Change and Termination of the
                Agreement

            


    

     

    This
      Agreement goes into effect as (1) the parties or authorized agent of the parties
      sign and stamp; (2) the mortgaged properties listed herewith are registered.
      After the Agreement goes into effect, neither party can change or terminate
      this
      Agreement without the consent of the other party. This Agreement can be changed
      or terminated by a written consent of both parties after consultation with
      each
      other. 

     

    
      	
            	XVIII.	
              Miscellaneous

            


    

     

    Party
      B
      understands that applicable interest rates are subject to change, and agrees
      to
      provide additional collateral in the event that Party A deems it necessary
      to
      maintain sufficient collateral for any outstanding principal balance in the
      event of increased rates. If Party B fails to comply with this Agreement, Party
      A may exercise its right to control and sell the ledged collateral as permitted
      under law. 

     

    
      	
            	XIX.	
              Supplement

            


    

     

    Each
      party has a copy of this Agreement. Both copies have the same effect.


     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
            	XX.	
              Announcement

            


    

     

    This
      Agreement has been approved by the supervisor of the parties. This Agreement
      is
      entered under the principle of voluntary contract and is binding for both
      parties. All representations made concerning the mortgaged properties is
      genuine, legal and effective. 

    
       

      
        	
                Party
                  A: Bank of Nanjing Stock Co. Ltd., 

              	
                Party
                  B: Goldenway Nanjing Garments Co. Ltd.

              
	 	 
	
                [Stamp]

              	
                [Stamp]

              
	 	 
	
                Signing
                  Date: July 31, 2008

              	
                Signing
                  Date: July 31, 2008