Contract
      for Loan on Guarantee

    


    Loaner:
      Zhejiang
      Changxing Agricultural Cooperative Bank 

    Loanee:
      Changxing
      Chisen Electric Co., Ltd.

    Guarantor: Zhejiang
      Chisen Glass Co., Ltd. 

    


    This
      Contract is entered into upon unanimous consultation among the Loaner, the
      Loanee and the Guarantor and in accordance with Chinese laws, rules and relevant
      regulations. 

    


    
      	Article
              1	
              Amount,
                Type and Purpose: The
                Loaner agrees to offer the Loanee the loan of RMB
                10 million (say ten million Yuan Renminbi) at
                the type of short-term
                loan
                for the purpose of busing
                raw materials. 

            


    

    


    
      	Article
              2	
              Loan
                Period:
                The loan period hereof shall commence from June
                27, 2008
                and end on June,
                21, 2009.
                If the real date to grant loan is different from the abovementioned,
                the
                loan receipt shall be referred to. 

            


    

    


    
      	Article
              3	
              Loan
                Rate: the
                loan rate hereof shall be monthly 8.0925%.
                In the event that the People's Bank of China adjusts the reference
                loan
                rate, if the loan period is shorter than 1 (inclusive) year, the
                loan rate
                prescribed herein shall be unchangeable; if the loan period is beyond
                1
                year, such loan rate shall be adjusted pursuant to the adjustment
                by the
                People's Bank of China in the yearly
                manner and the loaner will not send further notice to the loanee
                or the
                guarantor. 

            


    

    


    
      	Article
              4	
              Repayment
                Method:
                The repayment method prescribed herein is monthly
                repayment,
                each 20th
                day of the
                last month of each quarter is
                the expiry date for interest, and the succeeding date thereof shall
                be the
                interest payment date. The overdue payment shall be deemed breach
                of
                contract. The principal shall be paid off at lump sum at the expiration
                of
                loan period, contemporaneously with total interests. However if otherwise
                prescribed in loan receipt, the repayment method shall be executed
                pursuant thereto. 

            


    

    


    
      	Article
              5	
              Guaranty
                Method:
                The guarantor is willing to provide joint and several liability for
                the
                credit of the loaner hereof. 

            


    


    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    
      	Article
              6	
              Guaranty
                Period: The
                guaranty period shall be 2 years since the expiry date of loan period.
                Provided that the loaner receives the unexpired loan in advance,
                it shall
                be deemed the expiration of loan period. In the event of extension
                of the
                loan period, the guaranty period shall be 2 years since the expiry
                date of
                the extended loan period. 

            


    

    


    
      	Article
              7	
              Coverage
                of Guaranty: the
                coverage of guaranty shall be the principal and interests (including
                penalty interest and double interest) of loan, damages and the cost
                for
                realization of credit that shall include legal cost, attorney's fee,
                traveling cost and other reasonable fees.


            


    

    


    
      	Article
              8	
              Special
                Provision:
                (1) in the event of failure of the main contract hereof, the guaranty
                clause shall still remain effective and the guarantor shall undertake
                the
                joint and several liability to the loaner for all creditor's right
                (rights) pursuant hereto; (2) provided that the loan rate is raised
                pursuant to Clause 3 hereof, the guarantor shall agree to undertake
                the
                joint and several liability for the interest increment produced by
                the
                increase of the loan rate pursuant the guarantee clause hereof; (3)
                provided that the loaner transfers its creditor's right according
                to the
                law, the guarantor shall still undertake the joint and several liability
                pursuant hereto; (4) provided that creditor's right of the loaner
                hereof
                is guaranteed by other person and/or material, no matter the material
                guarantee is offered by the loanee or the third party, the loner,
                when
                asserting a claim, may realize the creditor's rights as to the material
                guarantee or require the guarantor to undertake the joint and several
                liability, or both contemporaneously; (5) the guarantor agrees to
                keep
                close watch on the operation of the loanee, and in the event of the
                bankruptcy and liquidation of the loanee, shall be presumed to know,
                or
                should know, such behavior, and the guarantor shall exercise the
                right of
                recovery in advance; (6) either common or separate guaranty by the
                guarantor shall be deemed relationship of joint and several guaranty;
                (7)
                the loaner's claim of guaranty liability to any guarantor shall be
                deemed
                concurrent claim to other guarantors.


            


    

    


    
      	Article
              9	
              Extension
                of Loan Period: In
                the event of extension of the loan period, the loanee shall apply
                in
                writing to the loaner prior to the expiry thereof, and a separate
                repayment agreement will be entered into among the loan, the loanee
                and
                the guarantor after the consent of the loaner and the guarantor.
                After
                extension of the loan period, if the extension, plus the original
                period,
                reaches a new loan rate, such loan rate will be executed since the
                date of
                such extension. 

            


    


    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    
      	Article
              10	
              The
                loaner shall be entitled to suspend the loan not offered hereunder
                and
                recover the unexpired loan in advance upon the occurrence of any
                one of
                the following circumstances that the loanee,:
                (1) fails to pay the principal or interest as scheduled, or to pay
                the
                principal and interest as otherwise prescribed in loan receipt; (2)
                fails
                to use the loan as designated; (3) fails to accept or cooperate in
                the
                inquiry or supervision by the loaner; (4) fails to clear off other
                expired
                debt to the loaner, other financial institutions or the third party
                as
                scheduled; (5) or its legal representative, shareholder and senior
                officer
                participates in serious gamble, narcotic taking or other unlawful
                practice; (7) is involved in material unfavorable legal proceedings;
                (8)
                is imposed by administration material administrative punishment;
                (9) stops
                operation due to poor management; (10) hides enterprise's financial
                condition or operating situation; (11) operates contracting, commission
                operation, lease, JV, merger, consolidation, dissolution, transfer,
                stock
                investment or reduces registered capital without the written consent
                of
                the loaner; (12) changes company name, legal representative, shareholder,
                registered address or business scope; (13) is involved in tax evasion,
                bankruptcy, dissolution, is ordered to suspend operation or revoked
                business license; (14) has other serious matter influencing repayment
                ability.

            


    

    


    
      	Article
              11	
              Provided
                that the guarantor has any one of the circumstances as prescribed
                in
                subsections 4 to 14 of Article 10, the loaner shall be entitled to
                suspend
                the offer of loan hereunder and to recover the unexpired loan in
                advance.
                

            


    

    


    
      	Article
              12	
              Liability
                for Breach of Contract

            


    

    


    
      	
            	1.	
              The
                loanee's breach of contract and relevant liabilities: (1) if the
                loanee
                fails to repay the loan principal (including extension of loan period),
                the loanee shall pay the penalty interest of 40%
                of
                the loan interest hereof from the date of such failure; (2) if the
                loanee
                fails to repay the loan interest, the loanee shall pay a double interest
                according to the penalty interest; (3) if the loanee fails to use
                the loan
                for the purpose as prescribed herein, the loanne shall pay a penalty
                interest of 50%
                of
                the loan interest for the period of peculation of the loan; (4) in
                the
                event of early repayment, the loanee shall have the consent of the
                loaner.
                

            


    

    
      	
            	2.	
              The
                loaner's breach of contract and relevant liabilities: If the loaner
                fails
                to offer loan to the loanee pursuant hereto, the loaner shall pay
                the
                laonee the defaul fine according to the default amount, penalty interest
                rate and the number of days of such
                failure.

            


    

    


    
      	Article
              13	
              Performance
                of Contract: 1.
                The loanee shall open account in the loaner, and the loaner's transfer
                of
                loan to the said account shall be deemed the performance of duty
                to offer
                loan; 2. For the recovery of expired principal and interest or early
                recovery of principal and interest pursuant to the Contract, the
                loaner
                may directly deduct from the accounts of the loanee or the guarantor.
                

            


    


    
      
         

      

      
         

        
          

        

      

      
         

      

    

    


    
      	Article
              14	
              Use
                of Information: The
                loanee and the guarantor agree with the loaner to input (inquire,
                disclose) the related information thereof in accordance with the
                rules and
                regulations set forth by the People's Bank of China or other financial
                administrations. 

            


    

    


    
      	Article
              15	
              Others:
                N/A. 

            


    

    


    
      	Article
              16	
              Dispute:
                Any dispute arising from or in connection with the performance of
                the
                Contract shall preferably be settled through friendly consultation
                among
                the loaner, the loanee and the guarantor. If no settlement can be
                reached
                through such consultation, such dispute may be instituted to the
                court of
                the place in which the loaner is located.


            


    

    


    
      	Article
              17	
              Miscellaneous

            


    

    


    
      	 	
              1.

            	
              The
                loan receipt is an integral part of the Contract and shall have the
                equal
                effect herewith. 

            


    

    
      	 	
              2.

            	
              Any
                notarial cost or other fees arising herefrom shall be paid by the
                loanee
                or the guarantor.

            


    

    
      	 	
              3.

            	
              In
                the event that the guaranteed debt hereof has been settled, but such
                settlement is deemed invalid by the legal document, the Contract
                shall
                continue to survive. 

            


    

    
      	 	
              4.

            	
              Effectiveness
                of Contract: The Contract shall take effect since being signed (sealed)
                by
                each party hereto. 

            


    

    
      	 	
              5.

            	
              The
                loaner has submitted the Contract to the loanee and the guarantor
                for an
                overall and accurate provisions herein and given full statement hereof
                according to the requirements thereof.


            


    

    
      	 	
              6.

            	
              The
                Contract shall be executed in four
                copies, two for the loaner and one for each of the loanee and the
                guarantor, each of which shall be equally authentic.
                

            


    

    


    The
      loanee
      (seal):
      Changxing Chisen Electric Co., Ltd.

    Legal
      representative
      (signature): /s/ Xu Kecheng

    


    The
      Loaner (seal):
      Zhejiang Changxing Agricultural Cooperative Bank

    Authorized
      representative
      (signature): /s/ Chen Faliang

    


    The
      guarantor (seal):
      Changxing Chisen Glass Co., Ltd.

    Legal
      representative
      (signature): /s/ Xu Kecheng

    


    Date:
      June
      27, 2008