Exhibit
10.29

    


    Assignment
State Land Use Right Contract

    


    
      
        
          
            
              
                	
                        Date:

                      	 	
                        June
      30, 2007

                      
	 
      	 	 
      
	
                        Assignor:

                      	 	
                        Jinjiang
      City Bureau of State Land and Recourse

                      
	 
      	 	 
      
	
                        Land
      Use Right Holder:

                      	 	
                        Guanke

                      
	 
      	 	 
      
	
                        Term:

                      	 	
                        June
      29, 2007 to June 28, 2057

                      
	 
      	 	 
      
	
                        Official
      reference number:

                      	 	
                        Jin
      Di He [2007] Qing Xie Zi No. 244

                      
	 
      	 	 
      
	
                        Location:

                      	 	
                        Houlin Community, Luoshan Street, Jinjiang City, Fujian
      Province

                      
	 
      	 	 
      
	
                        Size:

                      	 	
                        65,331
      square meter

                      
	 
      	 	 
      
	
                        Consideration:

                      	 	
                        RMB12,631,748
      yuan, excluding
      city construction costs and title deed tax.

                      
	 
      	 	 
      
	
                        Use
      of Land:

                      	 	
                        Industrial

                      
	 
      	 	 
      
	
                        Covenants
      of Assignor:

                      	 	
                        Assignor
      shall not terminate the land use right during the term of the Contract,
      unless (i) there is a compelling public interests; and (ii) through due
      process. Upon termination, Assignor shall indemnify Guanke a fair value
      for the remaining term of the agreement and the constructions and
      facilities on the property.

                      
	 
      	 	 
      
	 
      	 	
                        If
      Guanke applies to renew the land use right one year before the expiration
      date of the agreement, Assignor shall consent unless for reasons of
      compelling public interests.

                      
	 
      	 	 
      
	
                        Covenants
      of Land Use Right Holder:

                      	 	
                        The
      Use of the land other than for industrial purpose shall be subject to
      consent of Assignor. Guanke has the right to assign, lease and mortgage
      the property entirely or partially to a third party upon receiving a Land
      Use Right Certificate and satisfaction of the following conditions: (i)
      Guanke has developed at least 25% of the property; and (ii) the land has
      been developed as suitable for industrial use.

                      
	 
      	 	 
      
	 
      	 	
                        Assignor
      is entitled to terminate the land use right without any indemnification to
      Guanke if there is no construction on the property within two year from
      December 31,
2008.

                      


              

            

          

        

      

    


    
      
         


      

      
         


        
          

        

      

      
         


      

    

     

    
      	
              Dispute
      resolution:

            	 	
              Disputes
      should be submitted to competent People’s Court in
China

            
	 
      	 	 
      
	
              Governing
      law:

            	 	
              Laws
      of the People’s Republic of China.