Document:

Exhibit
      10.14

     

    Shanghai
      Pudong Development Bank

     

    Real
      Estate Maximum Mortgage Agreement

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Shanghai
      Pudong Development Bank

    Real
      Estate Maximum Mortgage Agreement

    

    Contact
      No.: ZD7001200628078502

     

    Mortgagor
      (Party A): Xu Jie 

    Legal
      Address: No.123-2 Huang Jiadian, Hongshan District, Wuhan 

    Correspondence
      Address:

    

    Mortgagee
      (Party B): Shanghai
      Pudong Development Bank Wuhan Branch

    Address:

    

    Whereas
      Party B has granted or intends to grant a series of credits (including but
      not
      limited to offering loans, opening banker’s acceptance bill, etc.)
      to
      Wuhan
      Blower Co., Ltd
      (hereinafter referred to as “Debtor”) in accordance with the period and amount
      of claims provided by Article 2.1 of this Agreement. To safeguard the
      implementation of Party B’s claims, Party A hereby agrees to mortgage the
      following collateral as security and grant Party B the priority of claim. In
      conformity with the principle of equality and through consultation, the two
      Parties hereby enter into this Agreement. 

    

    Article
      1 Collateral

     

    1.1 
      The collateral under this Agreement is:

    Title:
      Real Estate personally owned by Xu Jie 

    Location:
      Room1, 3 House, Nanshan Fuwu, No.47, Jiangda Road, Jiang An
      District

    Type:
      for
      mixed residence purposes

    Structure:
      Steel & Concrete

    Area:
      1358.12 sqm

    Condition:
      Good

    Appraisal
      Value:

    Ownership:
      Xu Jie

    Ownership
      to use: Xu Jie

    Number
      of
      Certificate: An Guo Yong Shang (2006) No.6327; Wu Fang Quan Zheng Shi Zi
      No.2006001893

     

    1.2
      The
      validity of the mortgage right in this Agreement shall affect the collateral
      itself, accessory thing, accessory rights, right of subrogation, attachment,
      thing connected and fruits thereof. 

     

    1.3 
      In the event that Party A goes into bankruptcy proceedings, the collateral
      under
      this Agreement shall not be contained in the list of bankruptcy
      property.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    Article
      2 Warranted Obligation

     

    2.1
      Principal debt

     

    The
      principal debt guaranteed under this Agreement shall be the debts offered by
      Party B owing to the loan and other credits during the period between
16
      October 2006
      and
14
      October 2009.
      The
      maximum principal balance of the above loan and other credits shall not excess
      RMB
      SIX MILLION AND FOUR HUNDRED THOUSAND YUAN.
      The
      effective evidence in respect of liability owned by the Debtor shall be referred
      to in the accounting evidence issued by Party B in accordance with the
      operational rules. In the event that any matters provided by law or agreed
      to by
      the Parties arise and lead to the earlier termination of the above-mentioned
      Credit Period, the claims below the above-mentioned maximum principal balance
      by
      this date shall fall within the scope of guaranty.   

     

    2.2
      Scope
      of Guaranty 

     

    Besides
      the principal claim mentioned in the above article, the scope of guaranty under
      this Agreement also includes all the interests, fines for breach of contract,
      compensation fees, attorney fees, proceedings fee and other relevant fees
      thereof. 

     

    2.3
      Nature of Guarantee

     

    
      	(1)	
              Party
                B shall be entitled to the priority of claim in respect to the collateral.
                Party B shall have priority of the proceeds from elimination of the
                collateral pursuant to legislation. When exercising the rights under
                this
                Agreement, Party B shall not have the obligation to claim with Debtor
                or
                other guarantors firstly or
                simultaneously.

            

    

     

    
      	(2)	
              The
                guarantee liability of Party A under this Agreement shall be independent,
                irrevocable and unconditional. This Mortgage Contract shall not be
                affected by the principal contract and still be effective regardless
                of
                the invalidity of the principal contract. The guarantee liability
                of Party
                A shall not be affected by Party B’s consent to the renewal of debt,
                reorganization, the modification of Credit Contract and the alteration
                to
                the operation or management system of Debtor or Party A.
                

            

    

    

    Article
      3 Notarization and Mortgage Registration

     

    3.1
      The
      execution of this Agreement shall be notarized with notarization authorities
      as
      Party B determines. If Party B requires, the notarization with enforceability
      shall be implemented. 

     

    3.2
      The
      Parties thereto shall go through mortgage registration with competent real
      estate registration authority according to supervision authority within thirty
      (30) days after notarization (or the date of Agreement in the event that Party
      B
      expressly indicates that it will not handle notarization). After the grant
      of
      mortgage certificate, Party A shall forthwith deliver the original copy of
      mortgage certificate or certificate of collateral ownership to Party B for
      preservation. 

     

    3.3
      In
      the event that the house purchased by installment is pledged as collateral
      by
      Party A and the house is bought during the mortgage period, the Parties shall
      go
      through mortgage registration within thirty (30) days after the grant of
      certificate of house ownership. 

     

    3.4
      In
      the event that this Agreement is terminated pursuant to the provisions of
      Article 8 or Party B otherwise agrees, Party B shall return the above
      documentation and other relevant evidence of rights to Party A at Party A’s
      request and go through cancellation registration with the original real estate
      registration authority in company with Party A. 

     

    3.5
      Party
      A shall bear all the fees and expenses incurred in connection with this Article.
      

     

    
      
        
        

      

      
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    Article
      4 Insurance

     

    4.1
      In
      the event that Party A has taken out an insurance policy with respect to the
      collateral, Party A shall go through the transfer procedure with respect to
      insurance rights and interests which places Party B as the first beneficiary
      within five (5) days after the date of this Agreement. If there is no insurance
      policy with respect to collateral existing or Party B is not satisfied with
      the
      original insurance, Party A shall go through insurance procedure at the
      insurance company in respect of insurance coverage, insurance period and insured
      amount as determined by Party B within five (5) days after the date of this
      Agreement. Party B shall be the first beneficiary in the above insurance
      contract. The period of the above insurance shall exceed the period of liability
      of performance as provided in the principal contract. In case of any renewal
      of
      the loan under the principal contract, Party A shall go through the procedure
      to
      extend the insurance period accordingly.

     

    4.2
      Party
      A shall pay the entire premium on time and deliver all the insurance documents
      as well as originals of evidence to Party B for preservation.

     

    4.3
      Without Party B’s written consent, Party A must not alter or modify any
      provisions of the insurance policy or do any alteration with respect to the
      insurance policy itself. Furthermore, Party A must not terminate or cancel
      the
      said insurance or recklessly authorize the cancellation, termination,
      invalidation due to overtime and withdraw of the said insurance. 

     

    4.4
      In
      the event of Party A’s failure to purchase the said insurance with respect ti
      the collateral duly or maintain the said insurance recklessly, Party B shall
      have the right to take out an insurance policy with respect to the collateral
      and/or maintain the said insurance. Fees or expenses thereof shall be paid
      by
      Party A. Notwithstanding this provision, Party B shall bear no obligation to
      take out insurance policy or maintain insurance for the benefit of Party A.
      

     

    4.5
      In
      the event of any insurance accident against the insured collateral, Party B
      shall have priority in the claim for the principal and interest of guaranteed
      loan as well as relevant fees in advance from the insurance compensation.
 

     

    Article
      5 Representation and Guarantee

     

    Party
      A
      makes the following representation and guarantee, which remains effective during
      effective period of this Agreement.

     

    5.1
      Party
      A has full rights on it total assets with complete civil capacity and undertakes
      independent civil liability. 

     

    5.2
      Party
      A has authorized a representative to sign this Agreement, the articles of which
      are all real declaration of will of Party A and have binding force on Party
      B.

     

    5.3
      Signature and execution of this Agreement by the borrower shall not go against
      laws, regulations, rules, adjudications or commands that shall be observed
      by
      the borrower, not conflict with the borrower’s chapters, or any contract,
      agreement or any other obligations by the borrower. 

     

    5.4
      Party
      A guarantees that all documents and materials involved with this Agreement
      and
      collateral are true, effective, complete and correct without any concealed
      information. 

     

    5.5
      Party
      A hereby warrants that Party A is entitled to the absolute and legal ownership
      of property or right of disposal in respect of the collateral. The said
      collateral is free and clear of any and all mortgages (Unless this Agreement
      otherwise provides), leases (Unless prior written explanation is delivered
      to
      Party B and authorized by Party B), trust or co-ownership at the time of signing
      of this Agreement. Party A further represents that there are no title disputes,
      restrictions imposed by law or other right encumbrances existing or pending.
      

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    Article
      6 Other Agreement

     

    Party
      A
      and Party B reach further agreement on the terms hereunder.

     

    6.1
      The
      mortgaged property shall be occupied by Party A, who shall keep the mortgaged
      property safe and intact, and shall be fully responsible for the maintenance,
      care etc of the mortgaged property, and timely pay all the taxes, fees and
      charges in connection with the property and the mortgage during the occupation
      period.

     

    6.2
      Party
      B has the right to supervise and inspect at any time the operation status of
      Party A, and the use and maintenance of the mortgaged property, and Party A
      shall render active cooperation.

     

    6.3
      Without a consent in writing by Party B, Party A shall neither sell, exchange,
      gift, lease, transfer, re-mortgage, or otherwise dispose the mortgaged property,
      nor shall it rebuild, take apart or otherwise dispose the mortgaged property
      to
      the extent of changing the nature of use of the mortgaged property.

     

    6.4
      If
      the Party A's behavior is serious enough to cause a decline in the value of
      the
      mortgaged property, Party B is entitled to ask Party A to terminate such
      behavior, and ask it to restore the value of the property or offer an acceptable
      guaranty equivalent to the value of the loss in the event that such behavior
      does caused a loss in the value of the mortgaged property.

     

    6.5
      Where
      the mortgaged property suffers physical loss, damage, or loss in value due
      to
      reasons other than Party A's fault, Party A shall immediately inform Party
      B,
      and take effective measures to prevent such losses from aggravating. Party
      B
      shall enjoy a right of subrogation against the indemnities, compensation, and
      other interests. 

     

    6.6
      Party
      B shall have the right to designate a legally established assessment institution
      to assess the value of the mortgaged property when necessary, and all the fees
      and charges resulted from the assessment are for the account of Party
      A.

     

    6.7
      Upon
      the occurrence of any event that may affect Party A's ability to perform the
      obligations adversely, Party A warrants to inform Party B in writing within
      three days from the knowing of such event. 

     

    Article
      7 Realization of mortgage right

     

    7.1
      When
      the performance deadline of the liability under the credit contract expires
      (including the advanced maturity due to the violation of debtor or/and violation
      of the statement and guarantee, agreed issues by Party A) and Party B does
      not
      accept the tender, or the circumstances stipulated by laws, rules and
      regulations take place which state that Party B is entitled to dispose of the
      real estate, Party B may consult with Party A to accept the payment by means
      of
      mortgage conversion or auction, realization of pawn, etc. The failure of the
      consultation may be submitted to the People's Court by Party B for lawsuit.
      The
      insufficient sum after the mortgage disposal shall be discharged by the debtor.
      If the Agreement has been introduced by Party B to the designated notary organ
      to enforce the effective notarization, it shall be disposed with reference
      to
      Article 9.2 of this Agreement.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    7.2
      In
      the disposal process, Party B is entitled to stipulate the assignee, auction
      house, adjuster, lawyer or other agent to exert all or part of the rights and
      Party A shall raise no objection to it. 

     

    7.3
      The
      expense caused by this article shall be taken by Party A, and Party B has the
      right to directly transfer from the fund of disposed mortgage. 

     

    7.4
      After
      Party B executes the mortgage right stipulated in this Agreement, Party A
      promises hereby to bear liability of the non-discharged obligor if mortgage
      is
      inadequate for repaying the liability when Party A is the third person.

     

    Article
      8 Period of Validity

     

    8.1
      This
      Agreement shall come to force after being stamped by the persons concerned
      of
      both parties, or being signed (sealed) by each legal representative or
      authorized representative after handling mortgage registration in accordance
      with Article 3. This Agreement shall not terminate until foresaid guaranteed
      obligatory rights in Article 2 are fully paid off, as well as the mortgage
      registration is written off. Unless otherwise agreed, in the event that obligor
      accelerated repayment. this Agreement shall terminate after six months repayment
      advance. 

     

    8.2
      The
      mortgage right in Article 8 and the guaranteed obligatory right foresaid in
      Article 2 coexist. Where the guaranteed obligatory right foresaid in Article
      2
      disappears, the mortgage right disappears. 

     

    Article
      9 Other provisions

     

    9.1
      This
      Agreement shall be an effective part of Credit Contract and shall have the
      same
      effect as Credit Contract. The full and effective performance of this Agreement
      shall constitute one of the prior conditions that Debtor draws money under
      loan
      contract or other credit contract.

     

    9.2
      This
      Agreement shall not be modified without the two Parties’ consultation. If the
      two Parties approve the modification after consultation, Party A shall go
      through modification registration in respect of the parts that have been
      registered. This Agreement shall be still in force prior to the modification
      registration. 

     

    9.3
      This
      Agreement shall be governed by Laws of the People’s Republic of China. Any
      disputes in connection with this Agreement shall be submitted to People’s Court
      of the principal business place of Party B for jurisdiction. If case of
      notarization with enforceability by notarization authority as Party B
      determines, Party B shall petition for enforcement with competent People’s Court
      pursuant to the Laws and Regulations of the People’s Republic of
      China.

     

    9.4
      This
      Agreement shall be executed in four originals. The two Parties, notarization
      authority and real estate registration authority shall each hold one original.
      Duplicates shall be kept for examination.

    
      
        
        

      

      
        -6-

        
          

        

      

       

    

     

    
      
        	
                 Mortgagor
                  (Seal): 

              	 	
                 Mortgagee
                  (Seal):

              
	
                Wuhan
                  Blower Co., Ltd
                  

              	 	
                Shanghai
                  Pudong Development Bank Wuhan
                  Branch

              

      

    

     

    
      
        	
                Legal
                  Representative

              	 	Legal Representative
	
                or
                  Authorized Proxy: 

              	 	
                or
                  Authorized Proxy:

              
	/s/ Xu Jie	 	/s/ Ma
                Delong

      

       

    

    
      Account
        Bank and Number:

    

    Date
      of
      Execution:   Oct.16,2006 

     

    
      
        
        

      

      
        -7-Exhibit
      10.15

    Shanghai
      Pudong Development Bank

     

    Real
      Estate Maximum Mortgage Agreement
 

    Shanghai
      Pudong Development Bank

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    
       

       

      Real
        Estate Maximum Mortgage Agreement

    

    

    Contact
      No.: ZD7001200628078501

     

    Mortgagor
      (Party A): Guanglin Chemistry Factory, Liufang Street, Jiangxia District, Wuhan
      

    Legal
      Address: Hukou Village, Liufang Street, Jiangxia District 

    Correspondence
      Address: 

    

    Mortgagee
      (Party B): Shanghai
      Pudong Development Bank Wuhan Branch

    Address:

    

    Whereas
      Party B has granted or intends to grant a series of credits (including but
      not
      limited to offering loans, opening banker’s acceptance bill, etc.)
      to
      Wuhan
      Blower Co., Ltd
      (hereinafter referred to as “Debtor”) in accordance with the period and amount
      of claims provided in Article 2.1 of this Agreement. To safeguard the
      implementation of Party B’s claims, Party A hereby agrees to mortgage the
      following collateral as security and grant Party B the first priority of claim.
      In conformity with the principle of equality and through consultation, the
      two
      Parties hereby enter into this Agreement. 

    

    Article
      1 Collateral

     

    1.1
      The
      collateral under this Agreement is:

     

    Title:
      Real Estate of Guanglin Chemistry Factory, Hukou village, Liufang Street,
      Jiangxia District, Wuhan 

    Location:
      Hukou village, Liufang Street, Jiangxia District

    Type:
      For
      both business and residential purposes.

    Structure:
      Steel & Concrete

    Area:
      5149.52 sqm

    Condition:
      Good

    Appraised
      Value:

    Ownership:
      Guanglin Chemistry Factory, Hukou village, Liufang Street, Jiangxia
      District

    Ownership
      to Use Right: 

    Series
      Number of Certificate: Xia Guo Yong (2003) No.219

     

    1.2
      The
      validity of the mortgage right in this Contract shall affect the collateral
      itself, the appendants, secondary rights, right of subrogation, fixtures,
      accessories and fruits thereof. 

     

    1.3
      In
      the event that Party A goes into bankruptcy proceedings, the collateral under
      this Agreement shall not be contained in the list of bankruptcy
      property.

    

    Article
      2 Warranted Obligation

     

    2.1
      Principal debt

     

    The
      principal debt guaranteed under this Agreement shall be the debts offered by
      Party B owing to the loan and other credits during the period between
16
      November 2006
      and
15
      October 2009.
      The
      maximum principal balance of the above loan and other credits shall not excess
      RMB
      NINE MILLION AND SIX HUNDRED THOUSAND YUAN.
      The
      effective evidence in respect of liability owned by the Debtor shall be referred
      to in the accounting evidence issued by Party B in accordance with the
      operational rules. In the event that any matters provided by law or agreed
      to by
      the Parties arise and lead to the earlier termination of the above-mentioned
      Credit Period, the claims below the above-mentioned maximum principal balance
      by
      this date shall fall within the scope of guaranty.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    2.2
      Scope
      of Guaranty

     

    Besides
      the principal claim mentioned in the above article, the scope of guaranty under
      this Agreement also includes all the interests, fines for breach of contract,
      compensation fees, attorney fees, proceedings fee and other relevant fees
      thereof. 

    2.3
      Nature of Guarantee

     

    (1)
      Party
      B shall be entitled to the priority of claim in respect to the collateral.
      Party
      B shall have priority of the proceeds from elimination of the collateral
      pursuant to legislation. When exercising the rights under this Agreement, Party
      B shall not have the obligation to claim with Debtor or other guarantors firstly
      or simultaneously.

     

    (2)
      The
      guarantee liability of Party A under this Agreement shall be independent,
      irrevocable and unconditional. This Mortgage Contract shall not be affected
      by
      the principal contract and still be effective regardless of the invalidity
      of
      the principal contract. The guarantee liability of Party A shall not be affected
      by Party B’s consent to the renewal of debt, reorganization, the modification of
      Credit Contract and the alteration to the operation or management system of
      Debtor or Party A. 

    

    Article
      3 Notarization and Mortgage Registration

     

    3.1
      The
      execution of this Agreement shall be notarized with notarization authorities
      as
      Party B determines. If Party B requires, the notarization with enforceability
      shall be implemented. 

     

    3.2
      The
      Parties thereto shall go through mortgage registration with competent real
      estate registration authority according to supervision authority within thirty
      (30) days after notarization (or the date of execution of this Contract in
      the
      event that Party B expressly indicates that notarization is not required).
      After
      the grant of mortgage certificate, Party A shall forthwith deliver the original
      copy of mortgage certificate or certificate of collateral ownership to Party
      B
      for preservation. 

     

    3.3
      In
      the event that the house purchased by installment is pledged as collateral
      by
      Party A and the house is bought during the mortgage period, the Parties shall
      go
      through mortgage registration within thirty (30) days after the grant of
      certificate of house ownership. 

     

    3.4
      In
      the event that this Agreement is terminated pursuant to the provisions of
      Article 8 or Party B otherwise agrees, Party B shall return the above
      documentation and other relevant evidence of rights to Party A at Party A’s
      request and go through cancellation registration with the original real estate
      registration authority in company with Party A. 

     

    3.5
      Party
      A shall bear all the fees and expenses incurred in connection with this Article.
      

    

    Article
      4 Insurance

     

    4.1
      In
      the event that Party A has taken out an insurance policy with respect to the
      collateral, Party A shall go through the transfer procedure with respect to
      insurance rights and interests which places Party B as the first beneficiary
      within five (5) days after the date of this Agreement. If there is no insurance
      policy with respect to collateral existing or Party B is not satisfied with
      the
      original insurance, Party A shall go through insurance procedure at the
      insurance company in respect of insurance coverage, insurance period and insured
      amount as determined by Party B within five (5) days after the date of this
      Agreement. Party B shall be the first beneficiary in the above insurance
      contract. The period of the above insurance shall exceed the period of liability
      of performance as provided in the principal contract. In case of any renewal
      of
      the loan under the principal contract, Party A shall go through the procedure
      to
      extend the insurance period accordingly.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    4.2
      Party
      A shall pay the entire premium on time and deliver all the insurance documents
      as well as originals of evidence to Party B for preservation.

     

    4.3
      Without Party B’s written consent, Party A must not alter or modify any
      provisions of the insurance policy or do any alteration with respect to the
      insurance policy itself. Furthermore, Party A must not terminate or cancel
      the
      said insurance or recklessly authorize the cancellation, termination,
      invalidation due to overtime and withdraw of the said insurance. 

     

    4.4
      In
      the event of Party A’s failure to purchase the said insurance with respect to
      the collateral duly or maintain the said insurance recklessly, Party B shall
      have the right to take out an insurance policy with respect to the collateral
      and/or maintain the said insurance. Fees or expenses thereof shall be paid
      by
      Party A. Notwithstanding this provision, Party B shall bear no obligation to
      take out insurance policy or maintain insurance for the benefit of Party A.
      

     

    4.5
      In
      the event of any insurance accident against the insured collateral, Party B
      shall have priority in the claim for the principal and interest of guaranteed
      loan as well as relevant fees in advance from the insurance compensation.
 

     

    Article
      5 Representation and Guarantee

     

    Party
      A
      makes the following representation and guarantee, which remains effective during
      effective period of this Agreement.

     

    5.1
      Party
      A has full rights on it total assets with complete civil capacity and undertakes
      independent civil liability. 

     

    5.2
      Party
      A has authorized a representative to sign this Agreement, the articles of which
      are all a real declaration of will of Party A and have binding force on Party
      B.

     

    5.3
      Signature and execution of this Agreement by the borrower shall not go against
      laws, regulations, rules, adjudications or commands that shall be observed
      by
      the borrower, not conflict with the borrower’s chapters, or any contract,
      agreement or any other obligations by the borrower. 

     

    5.4
      Party
      A guarantees that all documents and materials involved with this Agreement
      and
      collateral are true, effective, complete and correct without any concealed
      information. 

     

    5.5
      Party
      A hereby warrants that Party A is entitled to the absolute and legal ownership
      of property or right of disposal in respect of the collateral. The said
      collateral is free and clear of any and all mortgages (Unless this Agreement
      otherwise provides), leases (Unless prior written explanation is delivered
      to
      Party B and authorized by Party B), trust or co-ownership on the date of this
      Agreement. Party A further represents that there are no title disputes,
      restrictions imposed by law or other right encumbrances existing or pending.
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    Article
      6 Other Agreement

     

    Party
      A
      and Party B reach further agreement on the terms hereunder.

     

    6.1
      The
      mortgaged property shall be occupied by Party A, who shall keep the mortgaged
      property safe and intact, and shall be fully responsible for the maintenance,
      care etc of the mortgaged property, and timely pay all the taxes, fees and
      charges in connection with the property and the mortgage during the occupation
      period.

     

    6.2
      Party
      B has the right to supervise and inspect at any time the operation status of
      Party A, and the use and maintenance of the mortgaged property, and Party A
      shall render active cooperation.

     

    6.3
      Without a consent in writing by Party B, Party A shall neither sell, exchange,
      gift, lease, transfer, re-mortgage, or otherwise dispose the mortgaged property,
      nor shall it rebuild, take apart or otherwise dispose the mortgaged property
      to
      the extent of changing the nature of use of the mortgaged property.

     

    6.4
      If
      the Party A's behavior is serious enough to cause a decline in the value of
      the
      mortgaged property, Party B is entitled to ask Party A to terminate such
      behavior, and ask it to restore the value of the property or offer an acceptable
      guaranty equivalent to the value of the loss in the event that such behavior
      does caused a loss in the value of the mortgaged property.

     

    6.5
      Where
      the mortgaged property suffers physical loss, damage, or loss in value due
      to
      reasons other than Party A's fault, Party A shall immediately inform Party
      B,
      and take effective measures to prevent such losses from aggravating. Party
      B
      shall enjoy a right of subrogation against the indemnities, compensation, and
      other interests. 

     

    6.6
      Party
      B shall have the right to designate a legally established assessment institution
      to assess the value of the mortgaged property when necessary, and all the fees
      and charges resulted from the assessment are for the account of Party
      A.

     

    6.7
      Upon
      the occurrence of any event that may affect Party A's ability to perform the
      obligations adversely, Party A warrants to inform Party B in writing within
      three days from the knowing of such event. 

    

    Article
      7 Realization of mortgage right

     

    7.1
      When
      the performance deadline of the liability under the credit contract expires
      (including the advanced maturity due to the violation of debtor or/and violation
      of the statement and guarantee, agreed issues by Party A) and Party B does
      not
      accept the tender, or the circumstances stipulated by laws, rules and
      regulations take place which state that Party B is entitled to dispose of the
      real estate, Party B may consult with Party A to accept the payment by means
      of
      mortgage conversion or auction, realization of pawn, etc. The failure of the
      consultation may be submitted to the People's Court by Party B for lawsuit.
      The
      insufficient sum after the mortgage disposal shall be discharged by the debtor.
      If the Agreement has been introduced by Party B to the designated notary organ
      to enforce the effective notarization, it shall be disposed with reference
      to
      Article 9.2 of this Agreement.

     

    7.2
      In
      the disposal process, Party B is entitled to stipulate the assignee, auction
      house, adjuster, lawyer or other agent to exert all or part of the rights and
      Party A shall raise no objection to it. 

     

    7.3
      The
      expense caused by this article shall be taken by Party A, and Party B has the
      right to directly transfer from the fund of disposed mortgage. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    7.4
      After
      Party B executes the mortgage right stipulated in this Agreement, Party A
      promises hereby to bear liability of the non-discharged obligor if mortgage
      is
      inadequate for repaying the liability when Party A is the third person.

    

    Article
      8 Period of Validity

     

    8.1
      This
      Agreement shall come to force after being stamped by the persons concerned
      of
      both parties, or being signed (sealed) by each legal representative or
      authorized representative after handling mortgage registration in accordance
      with Article 3. This Agreement shall not terminate until foresaid guaranteed
      obligatory rights in Article 2 are fully paid off, as well as the mortgage
      registration is written off. In the event that obligor makes repayment in
      advance, this Contract shall terminate after six months of such repayment in
      advance, unless otherwise agreed by the parties hereto.

     

    8.2
      The
      mortgage right in Article 8 and the guaranteed obligatory right foresaid in
      Article 2 coexist. Where the guaranteed obligatory right foresaid in Article
      2
      disappears, the mortgage right disappears. 

    

    Article
      9 Other provisions

     

    9.1
      This
      Agreement shall be an effective part of the Credit Contract and shall have
      the
      same effect as Credit Contract. The full and effective performance of this
      Agreement shall constitute one of the prior conditions that Debtor draws money
      under loan contract or other credit contract.

     

    9.2
      This
      Agreement shall not be modified without the two Parties’ consultation. If the
      two Parties approve the modification after consultation, Party A shall go
      through modification registration in respect of the parts that have been
      registered. This Agreement shall be still in force prior to the modification
      registration. 

     

    9.3
      This
      Agreement shall be governed by Laws of the People’s Republic of China. Any
      disputes in connection with this Agreement shall be submitted to People’s Court
      of the principal business place of Party B for jurisdiction. If case of
      notarization with enforceability by notarization authority as Party B
      determines, Party B shall petition for enforcement with competent People’s Court
      pursuant to the Laws and Regulations of the People’s Republic of
      China.

     

    9.4
      This
      Agreement shall be executed in four originals. The two Parties, notarization
      authority and real estate registration authority respectively one original.
      Duplicates shall be kept for examination. 

     

    
      	
              Mortgagor
                (Seal): 

            	 	
              Mortgagee
                (Seal):

            
	Wuhan Blower Co.,
              Ltd	 	Shanghai Pudong Development
              Bank
              Wuhan Branch

    

     

    
      
        	
                Legal
                  Representative 

              	 	
                Legal
                  Representative

              
	or Authorized Proxy: 	 	or Authorized Proxy:
	/s/
                Xu Jie	 	/s/ Ma
                Delong

      

       

    

    Account
      Bank and Number: 

    Date
      of
      Execution: Oct.16, 2006

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]