Contract
      No.: HTF 2007-J004

    


    Technology
      Development (Commission) Contract

    


    Project:
      Maoming Housing Accumulation Fund Management Information System


    


    Trustor:
      Maoming Housing Funding Center (“The Client”)

    


    Consignee:
      Shenzhen Hengtaifeng Technology Co., Ltd. (“The Company”)

    


    Date:
      March 16, 2007

    


    Place:
      Maoming City

    


    Valid:
      March 16, 2007 -March 16, 2008

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      Technology
        Development (Commission) Contract

      


      Trustor:
        Maoming Housing Funding Center (“The Client”)

      Address:
        3rd
        Floor,
        No. 151, Guanghua South Road, Maoming City, Guangdong Province, PRC

      Legal
        representative: 

      Contact
        Person: Mr. Liang Tiandu

      Contact
        Information

      Correspondence:
        3rd
        Floor,
        No. 151, Guanghua South Road, Maoming City, Guangdong Province, PRC

      Tel:
        0668-2831058

      Fax:
        0668-2996311

      E-mail:
        lyh2811950@21cn.com

      


      Consignee:
        Shenzhen Hengtaifeng Technology Co., Ltd. (“The Company”)

      Address:
        Room 605, Chuangwei Building A, No.1 Gaoxinnan Road, Science and Technology
        Park, Nanshan District, Shenzhen City

      Legal
        representative: Yuangqing Li

      Contact
        Person: Ms. Liu Yanzhen

      Contact
        Information

      Correspondence:
        605, Block A, Chuangwei Building, Kejiyuan, Shenzhen, PRC

      Tel:
        755-26743592

      Fax:
        755-26743552

      E-mail:
        lyz@htf.com.cn

      


      The
        Client hereby retains the Company to develop the project “Maoming Housing
        Accumulation Fund Management Information System”, and the Company hereby accepts
        such engagement and shall perform the obligations for the Client described
        herein, faithfully and to the best of its ability.

      


      SECTION
        1. Requirements for technology development are as follows:

       

      
        	 	
                1.

              	
                
                  Technology
                    objective:

                

              


      

      Develop
        a
        housing fund management information system featuring open-system structure,
        easy-to-expand, easy-to-maintain and user-friendly interface based on computer
        networking, database and advanced PB development platform, to transfer the
        data
        from counties to the municipal center and realize standard calculability
        of the
        data.

       

      
        	 	
                2.

              	
                Technology
                  content

              


      

      The
        system includes housing fund accumulation and payment module, loan management
        module, financial management module, voice inquire of housing fund pay and
        deposit module, supervising system interface module, financial statement
        system
        module, inquire module. The system collects the data from counties to municipal
        center and supports networking mode between counties and the municipal center
        that the counties directly login in the server system of municipal center
        to
        develop business,and
        finish bank version adjustment (including housing fund accumulation system
        and
        loan system).

       

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      
        	 	
                3.

              	
                Technology
                  method and line

              


      

      The
        system, based on WIN98, WINXP, WIN2000 (personal and server) platform, adopts
        Client/Server structure, to realize that informix database, and management
        sectors of counties and municipal outlets directly visit central database
        system
        through local housing fund software. 

      


      SECTION
        2. The Company shall provide technology development plan to Client within
        15
        working days after the Contract taking effect. The Plan shall include following
        information:

      


      
        	 	
                1.

              	
                Members
                  of development group and responsibilities of them (including the
                  Company
                  and the Client);

              


      

      
        	 	
                2.

              	
                Project
                  development plan

              


      

      


      SECTION
        3. The Company agrees to conduct development according to following
        schedule:

      


      
        	 	
                1.

              	
                The
                  Company shall complete analysis for Client within 15 days after
                  the Client
                  gives the request, and provide “Maoming Housing Fund-Business Request
                  Instruction” for Client signature and
                  confirmation.

              


      

      
        	 	
                2.

              	
                The
                  Company shall complete system design, encoding and system test
                  according
                  to the schedule regulated in “Project Development Plan”, deliver the
                  development results to the Client and implement according to “Project
                  Development Plan”.

              


      

      
        	 	
                3.

              	
                The
                  project shall be completed in 50 working
                  days.

              


      

      


      SECTION
        4. The Client shall provide following technology documents and cooperation
        to
        the Company:

      


      
        	 	
                1.

              	
                Technology
                  document list: business requirements instruction
                  materials.

              


      

      
        	 	
                2.

              	
                Time
                  and form: The Client shall provide the above materials in the form
                  of hard
                  copy and soft copy to the Company within five working days after
                  signing
                  the Contract.

              


      

      
        	 	
                3.

              	
                Other
                  cooperative items: The Client bears the obligations in assisting
                  the
                  Company to complete project request
                  analysis.

              


      

      After
        the
        completion of the Contract, above said technology materials shall be filed
        by
        the Company as project development documents.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    

     

    
      SECTION
        5. Compensation

    

    
      
         

        
          	
                	1.	
                  For
                    the above services, the Company will receive ¥300,000 in
                    total.

                


        

        
          	
                	2.	
                  The
                    Client will pay the above compensation by installments. Detailed
                    payment
                    method and time as follows:

                


        

        
          	
                	1)	
                  The
                    Company will receive ¥150,000 within five working days after two parties
                    sign the Contract and sign Maoming Housing Fund-Business Request
                    Instruction”.

                


        

        
          	
                	2)	
                  The
                    Company will receive remained ¥150,000 within five working days after the
                    Client inspects and accepts the
                    project.

                


        

          
          

        Bank,
          address and account of the Company: 

          
          Opening bank: Construction Bank of China– Shenzhen Gaoxinyuan
          Branch

          
          Address: 05 Room, 6 Floor, Skyworth Building A, Gaoxinnanyi Road, Science
          and
          TechnologyPark, Nanshan District, Shenzhen

          
          Account No.: 048010020004489

         

        SECTION
          6. R&D fee will be totally used by the Company. The Client shall have the
          right to check the development progress and use of the fees after approval
          by
          the Company, under the precondition not to influence the normal working
          of the
          Company.

         

        SECTION
          7. Any changes of the contract should be subject to mutual written consent.
          One
          party may require alter the rights and obligations of this Contract, and
          the
          other party shall reply within three working days (it shall be considered
          to
          agree if the Company delay reply) under one of the following
          conditions:

         

          
          1. The Client requires amending the software according to “Maoming Housing
          Fund-Business Request Instruction”, but the Company fails to complete the
          amendment in accordance with the schedule stated in the “Project Development
          Plan”.

         

        SECTION
          8. The Company shall not transfer all or part of the contract to any third
          party
          without consent of the Client.

         

        SECTION
          9. The Company shall be responsible for the loss incurred in executing
          the
          contract provided that current technology is not
          sufficient.

         

        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

         

         
           Technology risks of this Contract shall be defined by two
          parties. Technology risk shall include existence of the risk, scope, degree
          and
          losses. The bases for defining technology risks include: 

         

        
          	
                	1.	
                  Current
                    technology is not sufficient;

                


        

        
          	
                	2.	
                  The
                    Company bears no responsibilities for the failure and the failure
                    is
                    reasonable through certification.

                


        

        One
          party
          shall inform the other party within three working days if the party finds
          the
          technology risk will lead the development failure or part of failure. If
          the
          party finds such risk and delay to inform the other party, and lead to
          expansion
          of the losses, the party shall undertake all the losses resulting from
          this.

         

        SECTION
          10. During the period of the Contract, if the development technology has
          been
          publicly opened by any third party, one party shall inform the other party
          to
          terminate the Contract within three working days. The party failed to inform
          the
          other party shall bear all the losses and compensate.

         

        SECTION
          11. Confidential Information

         

          
          The Client’s obligations:

        
          	
                	1.	
                  Content:
                    The documents complied by the Company, designs, application software
                    and
                    other related technology materials, commercial information relating
                    to the
                    project, this contract and its attachment and
                    price.

                


        

        
          	
                	2.	
                  Personal:
                    all personal relating to this
                    project

                


        

        
          	
                	3.	
                  Retention:
                    ten years

                


        

        
          	
                	4.	
                  Reveal:
                    undertake all the loss

                


        

        The
          Company’s obligations:

        
          	
                	1.	
                  Content:
                    The instructions, contract and attachments provided by the
                    Clients

                


        

        
          	
                	2.	
                  Personal:
                    all personal relating to this
                    project

                


        

        
          	
                	3.	
                  Retention:
                    ten years

                


        

        
          	
                	4.	
                  Reveal:
                    undertake all the loss

                


        

         

        SECTION
          12. The Company shall deliver the development results to the Client by
          following
          ways:

         

        
          	
                	1.	
                  Form
                    and quantity: Installation programs and user’s guide, one copy
                    respectively, in the form of soft copy of “Maoming Housing Fund Management
                    System” (including original code, database dictionary and instruction
                    of
                    

                    original
                      code).

                  

                


        

        
          	
                	2.	
                  Time
                    and place: the Client’s working
                    place

                


        

         

        SECTION
          13. The Client will inspect and accept the project in accordance with “Maoming
          Housing Fund-Business Request Instruction”. If the Client failed to inspect
          without reasonable explanations within three working days after the Company
          delivers the results and requests inspection, it is considered that the
          Client
          accepts the results.

         

        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

        

         

        SECTION
          14. The Company guarantees that the development results shall not infringe
          the
          legal rights of any other third party. If any third party claims the Client
          on
          the technology, the Company shall bears all the losses.

         

        SECTION
          15. Technology Confidential

         

        
          	
                	1.	
                  Using
                    rights: the Company and the Client

                


        

        
          	
                	2.	
                  Transfer
                    rights: 100% the Company and 50% of each party post confidential
                    retention

                


        

        
          	
                	3.	
                  Distribution
                    of related benefit: according to
                    percentage.

                


        

        Intellectual
          properties relating to this contract belong to the Company 100% and each
          party
          50% post confidential retention.

         

        SECTION
          16. The Company shall not transfer the development results to any third
          party
          without notice to the Client before deliver the results to the
          Client.

         

        SECTION
          17. The Company’s development personal enjoy the right to print the names on the
          technology result and achieve certificates.

         

        SECTION
          18. All the equipment, appliance, materials relating to development purchased
          by
          the Company belong to the Company.

         

        SECTION
          19. After the Company delivers the results to the Clients, the Company
          shall
          provide training for the Clients according to request and provide relating
          technology services.

         

        
          	
                	1.	
                  Content:
                    Installation, commissioning and operation
                    training

                


        

        
          	
                	2.	
                  Place
                    and mode: The Company allocates engineers to working place of
                    the
                    Client

                


        

        
          	
                	3.	
                  Fees
                    and payment: according to state of two
                    parties

                


        

         

        SECTION
          20. Default Terms

         

        
          	
                	1.	
                  If
                    the Company breaches the stipulations in SECTION 1 of this Contract,
                    the
                    Company shall pay 10% of total price for
                    penalty.

                


        

        
          	
                	2.	
                  If
                    the Company breaches the stipulations in SECTION 3 of this Contract,
                    firstly two parties shall confirm the reasons for delay and if
                    it is the
                    default of the Company, the Company shall pay for penalty; if
                    delay is
                    over half

                


        

        month,
          the Client shall have the right to terminate the Contract and the losses
          suffered by the Client shall be paid by the Company.

        
          	
                	3.	
                  If
                    the Client breaches the stipulations in SECTION 5 of this Contract,
                    the
                    Client shall pay 10% of total price for penalty and undertake
                    all the
                    losses incurred by the Company resulting from
                    this.

                


        

      

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	4.	
              If
                the Company breaches the stipulations in SECTION 16 of this Contract,
                the
                Company shall pay 10% of total price for penalty and undertake all
                the
                losses incurred by the Client resulting from
                this.

            


    

     

    SECTION
      21.The Client shall have the right to improve the technology results in the
      future if necessary, related results belong to the Client, and related profit
      belongs to the Client 100%. The Company shall have the right to improve the
      technology results in the future if necessary, related results belong to the
      Company, and related profit belongs to the Company 100%.

     

    SECTION
      22. During the period of the Contract, the Client nominates Mr. Liang Tiandu
      as
      project contact person, and the Company nominates Ms. Liu Yanzhen as project
      contact person, who will undertake following obligations:

     

    
      	
            	1.	
              Responsible
                for communication, organization and
                correspondence

            


    

    
      	
            	2.	
              Effectively
                control project schedule and ensure on-time completion of the
                project

            


    

    
      	
            	3.	
              Responsible
                for detailed implementation of the
                Contract.

            


    

    Changes
      of contact person shall be informed timely to each other in written. The party
      delays to inform and brings material influence and losses shall undertake all
      the losses resulting from this.

     

    SECTION
      23. Force majeure

     

    The
      two
      parties hereto acknowledge that one party may inform the other party to
      terminate the Contract due to force majeure.

     

    SECTION
      24. The two parties hereto acknowledge that disputes shall be solved through
      negotiation. If negotiation is impossible, it will be prosecuted to People’s
      Court of the place where the Client locates.

     

    SECTION
      25. Definitions: N/A

     

    SECTION
      26. Other documents as part of this contract

     

    
      	
            	1.	
              Technology
                background material: Maoming Housing Fund-Business Request
                Instruction

            


    

    
      	
            	2.	
              Project
                Development Plan, Project Inspection and Accept
                Report

            


    

     

    SECTION
      27. Other items

     

    Attachment
      1: “Maoming Housing Fund-Business Request Instruction”

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    Attachment
      2: “Project Development Plan”

    Attachment
      3: “Project Inspection and Accept Report”

    Attachment
      4: “After-sales Service Standard”

     

    SECTION
      28. The Contract is prepared in quintuplicate which bear the same legal
      force.

    SECTION
      29. The Contract will take effect after signed and sealed by two
      parties.

     

    Maoming
      Housing Funding Center 

    Name:

     

    Shenzhen
      Hengtaifeng Technology Co., Ltd.

    Name:

     

    
      
        
        

      

      
        8