Unassociated Document


    Exhibit
10.34

    


    Loan
Agreement with Jinjiang Branch of Industrial Bank Co., Ltd.
(No.:10417199-081216) for RMB15 million

    


    Note:
This is a subcontract of General Credit Contract (No.: 10417199-081204), the
amount of which is RMB34 million and which is effective from December 4, 2008 to
December 3, 2009.

    


    
      
        	
                Date:

              	 	
                December
      10, 2008

              
	 
      	 	 
      
	
                Lender:

              	 	
                Jinjiang
      Branch of Industrial Bank Co., Ltd., located at Industrial Bank Building,
      Zengjing residential area, Qingyang, Jinjiang City

              
	 
      	 	 
      
	
                Borrower:

              	 	
                Guanke,
      located at Xiaban Industrial Park, Shuanggou, Meiling Residential
      District, Jinjiang City

              
	 
      	 	 
      
	
                Amount:

              	 	
                RMB15
      million

              
	 
      	 	 
      
	
                Term:

              	 	
                12
      months from December 16, 2008 to December 15, 2009

              
	 
      	 	 
      
	
                Interest
      rate:

              	 	
                Fixed
      annual interest rate of 5.58%

              
	 
      	 	 
      
	
                Interest
      repayment:

              	 	
                The
      interest shall be settled at the 20th day of each month.
      The borrower shall pay the accrued monthly interest next day of the
      interest settlement date. The last sum of interest shall be paid at the
      maturity date of principal

              
	 
      	 	 
      
	
                Principal
      repayment:

              	 	
                The
      principal of the loan should be repaid in lump-sum at the maturity
      date

              
	 
      	 	 
      
	
                Security:

              	 	
                The
      loan is secured by the following security agreements:

                1.
      Maximum Amount Mortgage Contract (No.: gk-20081126002);

                2.
      Individual Security Statement (No.: 10417199-081204DB-1);

                3.
      Individual Security Statement (No.:
  10417199-081204DB-2).

              
	 
      	 	 
      
	
                Assignment:

              	 	
                The
      Borrower shall not assign part or all of its obligations under the loan
      agreement to a third party without the prior written consent of the
      Lender. The Lender may assign part or all of its rights and securities
      under the loan agreement to a third party at any time.

              
	 
      	 	 
      
	
                Disclosure
      obligation:

              	 	
                Upon
      the occurrence of any major transaction or major events and other
      conditions as described in the loan agreement, the Borrower should
      disclosure such event in writing to the Lender in a timely
      manner.

              
	 
      	 	 
      
	
                Governing
      law

              	 	
                Laws
      of the People’s Republic of
China