House
      Sales Contract


    


    Party
      A (Bargainor): Zhao Xiaoxi

    


    Party
      B (Bargainee): Shaanxi Jialong Hi-Tech Industrial Co., Ltd


    


    According
      to the Contract
      Law of the People's Republic of China,
      The
      laws of the People’s Republic of China on Urban Real Estate Administration and
      other relevant laws and rules,
      the
      bargainor and bargainee have hereby concluded the agreement for sale of the
      housing as follows on the basis of equality, free will and mutual
      consultation:

    


    Clause
      One: Basic Information About the House

    The
      house
      locates at Room 2308, 23/F, Suit B, Building 1 of Huajing Square, No.20 Fenghui
      South Road, High-Tech Development Zone, Xi’an City, Shaanxi Province with the
      construction area of 149.33m2
      (Refer
      to
      the attached House Floor Plan).

    


    Clause
      Two: Contract Price

    The
      purchasing price of the house shall be RMB776,
      516.00Yuan (In words: RMB Seven Hundred and Seventy-six Thousand Five Hundred
      and Sixteen Yuan Only). 

    


    Clause
      Three: Mode and Term of the Payment 

    Mode
      of
      Payment: Party B shall pay in full the total house price on
      April
      10th,
      2007.
Party
      A
      shall issue a receipt to Party B after collecting all the payment.

    


    Clause
      Four: Party B’s Responsibility of Violating the Contract by Overdue
      Payment

    If
      Party
      B fails to pay the house price on time, as per day delay, Party B shall pay
      0.1% of
      the
      total house price as violating fine to Party A.

    


    Clause
      Five: Delivery the House 

    Party
      A
      shall empty and deliver the house to Party B prior to April
      6th,
      2007
and
      hand
      on the house property certificate and relevant payment certification document
      to
      Party B; meanwhile, Party B shall issue a delivery proof. 

    


    Clause
      Six: Party A’s Responsibility of Violating the Contract by Overdue House
      Delivery 

    If
      Party
      A fails to deliver the house on the contracted time, as per day delay, Party
      A
      shall pay 0.3% of the total house price as violating fine to Party B. If it
      is 3
      months overdue, Party B has the right to terminate the contract; at
      the
      same time, Party A shall refund all the house price collected from Party B
      and
      shall pay a certain compensation fund with the amount of the paid house price
      to
      Party B. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    


    Clause
      Seven: Party A’s Warranty 

    Party
      A
      shall pledge that the subject house has a clear property right, no other rights
      settled or other disputes. After bought by Party B, if there are some property
      right disputes on the house, and it influences Party B performing its
      obligations and rights, Party A shall be responsible and deal with it and make
      compensation to Party B’s any losses. 

    


    Clause
      Eight:
      Issues
      related to the House Property Right Transfer Registration 

    1.
      Party
      A and Party B shall have finished the procedures of the House Property Right
      Transfer ahead of January 28th,
      2008.
      If it
      fails to transact the house property right transfer procedures caused by Party
      B’s reason, Party B shall bear all responsibilities. While transacting the house
      property right transfer registration, Party A shall present a written
      application of transferring the house property right to Party B. If it needs
      Party A’s assistance to deal with this issue, whensoever, Party A shall give
      certain assistance. If there is any delaying caused by Party A and it affects
      the house property right transfer registration, Party A shall bear all caused
      losses. 

    


    2.
      Before
      signing this contract, if there are some unpaid taxes of the house, Party A
      shall pay all the fees. Party B shall bear all the house transfer registration
      fees, contract tax, valuation fees, and stamp duty produced in the course of
      transacting the House Property Right Transfer procedures.

    


    Clause
      Nine: Disputes Settlement

    Any
      disputes come out during the execution of this contract; Party A and Party
      B
      should negotiate to solve the dispute. If it cannot be settled by negotiation,
      it shall be submitted to the People’s Court in accordance with the laws.


    


    Clause
      Ten: Other uncovered Matter 

    For
      any
      other matter uncovered in the contract, it is for both parties’ signing a
      complementary agreement upon engagement, which enjoys the same legal force.
      

    


    Clause
      Eleven: The contract is made in Four copies, all of which holding the same
      act
      of law. Each party holds one copy respectively. It shall be submitted one copy
      to the housing property administration and taxation authorizations respectively.
      

    


    Clause
      Twelve: The contract becomes effective from the date of signing of the two
      parties.

    


    


    Party
      A(sealed
      and signed): Zhao Xiaoxi 

    Signature
      of the Representative: 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    


    


    Party
      B
      (sealed
      and signed): Shaanxi Jialong Hi-Tech Industrial Co., Ltd 

    Signature
      of the Representative: Zhang Jianjun 

    


    April
      2nd,
      2007


    


    


    


    


     

    Sales
      Contract of
      Commercial Housing        Contract No.:


     

    Appendix
      One: House Floor Plan (omitted)     Room Number:
12308