Document:

Exhibit
      10.13

    

    Loan
      Agreement

    Agreement
      #32101200800013640

    

    The
      Borrower: Danyang Lihua Electron Co., Ltd 

    The
      Lender: Agricultural Bank of China Danyang City Branch 

    

    Pursuant
      to the relevant laws and regulations, after negotiating, the parties hereby
      agree as follows:

    Article
      1
      Facility

    1.
      Type:
      General liquid capital 

    2.
      Purpose: Purchase of Copper
      Clad Aluminum

    3.
      Currency and Amount: RMB Five Million and Two Hundred Thousand (RMB
      5,200,000)

    4.
      Maturity:

    (1)
      Refer
      to the chart below:

    
      	
              Launch

            	
              Maturity

            
	
              Year

            	
              Month

            	
              Day

            	
              Amount

            	
              Year
                

            	
              Month

            	
              Day

            	
              Amount

            
	
              2008

            	
              4
                

            	
              16

            	
              Five
                Million and Two Hundred Thousand 

            	
              2009

            	
              4

            	
              15

            	
              Five
                Million and Two Hundred Thousand 

            

    

    (The
      appendix for more items could not show herein shall constitute a part of this
      agreement.)

    (2)
      Any
      inconsistence with regard to the amount, launch date and maturity date between
      hereunder and the borrowing certificate, the borrowing certificate shall
      control. The borrowing certificate shall constitute a part of the agreement
      and
      shall have same legal effects.

    (3)
      If
      the facility hereunder is a foreign exchange loan, the Borrower shall repay
      the
      principal and the accrued interest in the original currency.

    5.
      Interest Rate

    The
      RMB
      borrowing interest rate shall be in accordance with the first method specified
      below:

    (1)
      Floating Rate

    The
      borrowing interest rate is the benchmark interest rate to upwardly float thirty
      percent (30%), exercised yearly interest rate is nine point seven hundred eleven
      percent (9.711%). For the borrowing term is five and less than five years,
      the
      benchmark interest rate is the RMB borrowing benchmark interest rate on the
      same
      term announced by the People’s Bank of China (hereinafter the “PBC”); the
      benchmark interest rate for the borrowing term is five or more than five year
      is
      the RMB borrowing benchmark interest rate on the same term announced by the
      PBC.

    The
      adjustment period for the interest rate is one month. If the PBC adjusts RMB
      borrowing benchmark interest rate, starting form the matching borrowing date
      in
      the first month of the next adjustment period, the Lender will adjust the
      borrowing interest rate accordingly and re-calculate a new exercised interest
      rate, and shall not need to notify the Borrower the adjustment. If the
      adjustment date for benchmark interest rate and the launch date or the matching
      borrowing date in the first month are the same day, starting from the adjustment
      date of the benchmark interest rate to re-calculate the exercised interest
      rate;
      in the case no matching borrowing date, the last day of the aforesaid month
      is
      deemed to be the matching borrowing date.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (2)
      Fixed
      Rate (N/A)

    The
      borrowing interest rate is the benchmark interest rate to (upwardly/ downwardly)
      float     percent
      (%), exercised yearly interest rate is     percent
      (%). For the borrowing term is five and less than five years, the benchmark
      interest rate is the RMB borrowing benchmark interest rate on the same term
      announced by the PBC; for the borrowing term is five or more than five year,
      the
      benchmark interest rate is the RMB borrowing benchmark interest rate on the
      same
      term announced by the PBC plus     percent.

    The
      interest rate for the foreign exchange loan is calculated by
      the      method:

    (1)Interest
      margin of      month     LIBOR/HIBOR+     %
      on the
      monthly floating basis. LIBOR/HIBOR is the London Interbank Offer Rate / Hong
      Kong Interbank Offer Rate on the date of two business days before the interest
      calculation date announced by the Reuters 

    (2)Exercised
      yearly interest rate is     %
      till
      maturity of the facility.

    (3)Other
      methods     .

    6.
      Settlement of the Interest

    The
      facility hereunder is settled on the monthly basis. The interest settlement
      date
      is the 20th
      day of
      each month. The Borrower shall pay the interest on every interest settlement
      date. If the last repayment date for the principal is not on the interest
      settlement date, the unpaid interest shall be repaid together with the principal
      (the daily interest equals to the monthly interest/30)

    

    Article
      2

    In
      the
      case the following conditions are not fulfilled, the Lender may not provide
      the
      facility hereunder:

    1.
      The
      Borrower shall open the general account at the Lender.

    2.
      The
      Borrower shall provide the relevant documents and information as the Lender
      requests and complete the relevant procedures.

    3.
      In the
      event the facility hereunder is a foreign exchange loan, the Borrower shall
      complete the relevant permissions, registrations and other procedures as
      required in accordance with laws and regulations.

    4.
      If the
      facility hereunder is secured by pledged collaterals or mortgages, the relevant
      legal procedures including but not limited to registrations and/ or insurances
      have been completed as the Lender requests. The aforesaid secured interests
      and
      insurances shall be continuously valid and effective. In the event the facility
      is guarantee by the guarantors, the guarantee agreements shall be signed and
      become effective.

     

    Article
      3
      The Lender’s Rights and Obligations

    1.
      The
      Lender is entitled to inquire the Borrower’s production, financial condition,
      inventory and the application of the facility funds; the Lender may request
      the
      borrower periodically to provide the materials such as related financial and
      accounting reports.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.
      In the
      event Item 7, 8,and 10 of the Article 4 occur or the Borrower engages in other
      actions or conditions adversely affect the repayment of the facility, the Lender
      may withhold funding, call the facility, or terminate the
      agreement.

    3.
      In the
      event the Lender calls the facility pursuant to the clause of the agreement
      or
      requests the Borrower to prepay the principal, the accrued interest, the
      punitive interest, the compound interest and other expenses, the Lender may
      directly withdraw the aforesaid payments from the Borrower’s
      account.

    4.
      In the
      event the Borrower’s payment is inadequate to repay the amount owed under the
      agreement, the Lender may decide any of the principal, the accrued interest,
      the
      punitive interest, the compound interest and other expenses shall be repaid
      first.

    5.
      In the
      event the Borrower breaches its repayment obligations under the agreement,
      the
      Lender may disclose the breach to the public. 

    6.
      The
      lender shall launch the full amount of the facility to the Borrower on schedule
      in accordance with the agreement.

    

    Article
      4
      The Borrower’s Rights and Obligations

    1.
      The
      Borrower is entitled to draw down the facility and use the facility funds in
      accordance with the agreement.

    2.
      The
      Borrower shall conduct the settlement and deposit related to the facility
      hereunder through the account set forth in the Article 2.

    3.
      In the
      event the facility hereunder is a foreign exchange loan, the Borrower shall
      complete the relevant permissions, registrations and other procedures as
      required in accordance with laws and regulations.

    4.
      The
      Borrower shall repay the principal and the accrued interest in accordance with
      the agreement. In the case the Borrower needs to roll over the facility, it
      shall submit a written application within fifteen days before the maturity
      of
      the facility; after the Lender consents, the rollover agreement shall be signed
      by and between the parties.

    5.
      The
      Borrower shall use the facility funds in compliance with the purpose hereunder,
      and shall not appropriate or misappropriate the facility funds.

    6.
      The
      Borrower shall provide the authentic, integrated and valid financial report
      or
      other relevant information on monthly basis, and actively cooperate with the
      Lender’s inspection with regard to its production, business operation, financial
      condition and its compliance with the purpose hereunder 

    7.
      In the
      event the Borrower carries out outsource, lease, conversion to share-holding
      system, co-operating business, merger, acquisition, split, joint venture, asset
      transfer, reforming application, bankruptcy application or other actions could
      change the debtor and creditor relationship or affect the Lender’s rights and
      interests hereunder, it should send the written notice to the Lender before
      carrying out the aforesaid actions. Without the Lender’s consent and perform the
      repayment obligations or prepay the unpaid loans, the Borrower shall not carry
      out the aforementioned actions.

    8.
      In the
      event the Borrower engages in any other actions not specified in Article 4.7
      and
      have material adverse effects to its repayment obligations hereunder, for
      example, the Borrower ceases productions, suspends business, deregisters
      , is
      revoked business license; or the legal representatives or the major responsible
      persons engage in illegal activities, involve in major lawsuits or arbitrations;
      its productions and business operations encounter severe difficulties; or the
      financial conditions worsen, the Borrower shall send written notice to the
      Lender immediately, and provide the acceptable collaterals to secure the
      facility.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.In
      the
      event the Borrower provides guarantees to the third parties, or provides its
      material assets to the third parties as collaterals, and may affect its
      repayment abilities, the Borrower shall send the prior written notice to the
      Lender and request its consent.

    10.
      The
      Borrower and its investors shall not withdraw funds, transfer assets or assign
      shares to avoid its obligations to the Lender.

    11.
      The
      Borrower shall immediately send the written notice to the Lender in the event
      of
      change in its name, legal representatives, business address, business scope,
      and
      other business registration items.

    12.
      In
      the event the guarantor hereunder ceases productions, suspends business,
deregisters
      , is
      revoked business license, bankrupts and has loss in business; partially or
      totally incapable to provide guarantee for the facility hereunder, or the values
      of pledged or mortgaged collaterals or secured interests are impaired, the
      Borrower shall immediately provide other acceptable collaterals or secured
      interests to the Lender.

    13.
      The
      Borrower shall assume all relevant expenses, including but not limited to legal
      service, insurance, transportation, appraisal, registration and notary
      fees.

    

    Article
      5
      Prepayment

    The
      Borrower shall obtain the Lender’s prior consent to prepay the loan. In the
      event the Lender agrees the Borrower to prepay the loan, the prepayment interest
      shall be calculated by the second method:

    1.
      By the
      agreed borrowing term and exercised borrowing interest set forth in the
      agreement.

    2.
      By the
      actual borrowing term and the agreed exercised borrowing interest upwardly
      floating zero percent (0%).

    

    Article
      6
      Breach

    1.
      In the
      event the Lender is not in compliance with the agreement to launch the facility
      in the agreed amount and the schedule and cause the Borrower’s loss, the Lender
      shall pay the penalty calculated by the default amount and the deferral days.
      The calculation of the penalty is the same calculation method as the deferral
      repayment interest in the same term.

    2.
      In the
      event the Borrower is not in compliance with the agreement to repay the
      principal, the Borrower shall pay the Lender the punitive interest from the
      deferral date to the repayment date on the interest rate calculated on the
      basis
      that the agreed exercised interest rate upwardly floating one point fifty
      percent (1.50%). During the period of deferral, if the facility currency is
      RMB
      and the PBC upwardly adjusts its benchmark interest rate, the punitive interest
      rate shall be adjusted accordingly from the adjustment date.

    3.
      In the
      event the Borrower is not in compliance with the purpose hereunder, the Borrower
      shall pay the Lender the punitive interest against the breach amount from the
      breach date to the repayment date on the interest rate calculated on the basis
      that the agreed exercised interest rate upwardly floating one hundred percent
      (100%). During the period, if the facility currency is RMB and the PBC upwardly
      adjusts its benchmark interest rate, the punitive interest rate shall be
      adjusted accordingly from the adjustment date.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.
      To the
      unpaid accrued interest, in accordance with the relevant regulations of PBC,
      the
      Lender may calculated the punitive interest as the compound interest. The unpaid
      accrued interest includes the unpaid accrued interest during the period of
      the
      facility (including the punitive interest against the purpose )and the unpaid
      accrued interest occurs after the deferral of repayment (including the punitive
      interest for deferral and against the purpose). To the punitive interest for
      the
      unpaid accrued interest occurs during the period of the facility, the compound
      interest rate shall be calculated by the agreed exercised interest rate
      hereunder; after the maturity of the facility, the compound interest rate shall
      be calculated by the deferral interest rate; the unpaid accrued interest for
      deferral repayment shall be calculated by the deferral interest
      rate.

    5
      In the
      event the Borrower is not in compliance with the obligations hereunder, the
      Lender is entitled to request the Borrower to amend the breach, to cease the
      launch of the facility, to request the Borrower to prepay the launched
      borrowings, to declare the other facilities under other agreements by and
      between the Borrower and the Lender are matured or to adopt other actions to
      secure the Lender’s assets.

    6.
      In the
      event any guarantor under the agreement is not in compliance with the guarantee
      agreement, the Lender is entitled to request the Borrower to amend the breach,
      to cease the launch of the facility, to request the Borrower to prepay the
      launched borrowings or to adopt other actions to secure the Lender’s
      assets.

    7.
      In the
      event the Lender files law suits or arbitrations to fulfill its interests
      hereunder, the Borrower shall assume the legal, travel and other related
      expenses the Lender may occur.

    

    Article
      7
      Guarantee

    The
      guarantee for this agreement is the maximum guarantee. The guarantee agreement
      shall be signed separately. The guarantee agreement number is
      32905200700002755.

    

    Article
      8
      Dispute Resolution

    Any
      dispute arising out of or related to this Agreement may be negotiated by the
      parties, or be solved by the following method 1
      :

    1.
      Submitted to and tried by the court, in which the Lender resides.

    2.
      Solved
      via Arbitration

    During
      the period of conducting law suits or arbitrations, the clauses not under
      disputes are still valid, effective and binding to the parties.

    

    Article
      9
      Other Covenants

    1.
      The
      Lender’s rights and interests hereunder shall be secured together by the maximum
      guarantee agreement No. 32905200700002755 and 32110313901200806.

    

    Article
      10 Effectiveness of the agreement

    The
      agreement becomes effective on the date the parties sign or seal the
      agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Article
      11 

    This
      agreement is to be written up in three original copies with the Borrower, the
      Lender and the Guarantor shall each hold one original copy, which shall have
      same legal effects.

    

    Article
      12 Acknowledge

    The
      Lender has urged the Borrower to thoroughly and accurately understand each
      clause set forth in the agreement, and has explain each clause to the Borrower.
      Both parties have reach consensus to the agreement.

    

    The
      Borrower: Danyang Lihua Electron Co., Ltd 

    Legal
      Representative (or authorized person)

    

    The
      Lender: Agricultural Bank of China Danyang City Branch 

    Legal
      Representative (or authorized person)

    

    Date:
      April 16, 2008

    

    Appendix:

    Borrowing
      Certificate 

    The
      Borrower: Danyang Lihua Electron Co., Ltd 

    Type:
      General liquid capital 

    Purpose:
      Purchase of Copper
      Clad Aluminum

    Loan
      Agreement No. 32101200800013640 

    Guarantee
      Agreement No. 32905200700002755 and 32110313901200806

    Launch
      Date: 2008/4/16

    Maturity
      Date: 2009/4/15

    Deposit
      Account No. 10322901040004897

    Amount:
      RMB Five Million and Two Hundred Thousand (RMB 5,200,000)

    Interest
      Rate: 9.711%Exhibit
      10.14

    

    The
      Loan
      Contract

    The
      contract number: N32101200800018108

    

    The
      borrower (full name): Danyang Lihua Electron Ltd.

    The
      lender (full name): Agriculture Bank of China Danyang
      branch

    

    According
      the laws and regulations of the State, both parties come to an
      agreement.

    

    First
      Term The
      Loan

    
      	 	
              1.

            	
              The
                loan type: General business operation
                fund

            

    

    
      	 	
              2.

            	
              Loan
                purpose: purchase steel material

            

    

    
      	 	
              3.

            	
              Loan
                currency and amount (in capital): RMB, 4.8 million
                yuan

            

    

    
      	 	
              4.

            	
              Loan
                term

            

    (1)The
      loan term is based on the following table:

    

    (Table)

    Release

    May
      27,
      2008

    Amount:
      4.8 million 

    Due
      date:
      May 20, 2009

    Amount:
      4.8 million

    (The
      item
      on the table is not enough can add additional table as part of the
      contract.)

    

    (2)When
      the loan amount, release date and due date indicated under the contract is
      different from what is in the loan certificate, the loan certificate will
      prevail. The loan certificate is part of the contract with the same legal
      effect.

    (3)
      When
      the loan is borrowed in the foreign currency, the borrower should pay off the
      interest and principal of the loan in the original currency.

    5.
      Interest Rate

    The
      RMB
      interest rate is based on the following first
      method:

    
      	 	
              (1)

            	
              Floating
                rate

            

    The
      loan
      rate is 30%
      above
      floating
      of the prime rate. The executed annual interest rate : 9.711%, for the loan
      of
      five year term below (including five year), the interest rate is the prime
      rate
      announced by the Chins People’s Bank at the current period. For the loan of five
      year term above, the interest rate is the prime rate announced by the Chins
      People’s Bank at the current period plus _____ percent.

    

    The
      rate
      adjustment is based on one
      month as
      a cycle. When the prime rate is adjusted by the China People’s Bank, starting
      from the first moth of the loan corresponding date of next cycle when the prime
      rate is adjusted, the lender can base on the prime rate after adjustment in
      the
      corresponding date and the calculation method above to execute the loan rate
      without notice. If the prime rate adjustment date and the loan release date
      or
      the corresponding loan date of first month of such cycle falls on the same
      date,
      starting from the prime rate adjustment date, it should confirm the new loan
      rate. If there is no loan corresponding date, the last day of such month would
      consider as the loan corresponding date.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              (2)

            	
              Fixed
                interest rate

            

    The
      loan
      rate is the prime rate of ______ (above/below) floating ____%, the executed
      interest rate ____% until the loan due date. For the loan of five year term
      below (including five year), the interest rate is the prime rate announced
      by
      the Chins People’s Bank at the current period. For the loan of five year term
      above, the interest rate is the prime rate announced by the Chins People’s Bank
      at the current period plus _____ percent.

    

    The
      foreign currency loan rate should base on the following ____
      method:

    
      	 	
              (1)

            	
              The
                interest rate difference of ____ month ____(LIBOR/HIBOR) + ______
                %, which
                base on ____ months of floating interest rate. LIBOR / HIBOR is the
                London
                / Hong Kong market call rate in the corresponding period of two working
                days prior to the interest calculation date announced by Reuters
                

            

    

    
      	 	
              (2)

            	
              The
                executed interest rate ___-% until the loan due
                date.

            

    

    
      	 	
              (3)

            	
              Other
                method

            

    

    

    6.Interest
      Payment Calculation 

    The
      loan
      interest under the contact is calculated monthly
      (month/season). The payment calculation date is on the 20th
      of each
month
      (month/
      end of month of each quarter). The borrower should pay interest on that date.
      If
      the last paid-off date of the loan principal is not on the payment calculation
      date, the unpaid interest should be paid along with the principal (daily
      interest rate:30/ monthly interest rate)

    

    Second
      Term
      If the
      following conditions are not met, the lender has the right not to provide the
      loan under the contract:

    
      	 	
              1.

            	
              The
                borrower opens a general
                account at the lender.

            

    

    
      	 	
              2.

            	
              As
                per request of the lender, the borrower should provide related document,
                information and complete all the related
                processes.

            

    

    
      	 	
              3.

            	
              If
                the loan under the contract is in foreign currency, as per request
                of the
                lender, the borrower has to complete the approval, registration and
                related processes.

            

    

    
      	 	
              4.

            	
              If
                the loan under the contract has collateral or pledge, all the legal
                process related to the registration and or insurance have been completed
                as per lender’s request and the collateral and pledge are continuously
                valid. If the loan under the contract has guarantee, the guarantee
                contract has been sign and be
                valid.

            

    

    

    Third
      Term Lender’s
      rights and responsibilities

    
      	 	
              1.

            	
              The
                lender has the right to understand the borrower’s business operation,
                financial activities, inventories and loan purpose and request the
                borrower to provide documents and information such as financial reports
                according to the schedule.

            

    

    
      	 	
              2.

            	
              When
                the situations but not limited to 7th,
                8th
                and 10th
                items under fourth Term happened to the borrower that can affect
                the loan
                security, the lender can stop releasing the loan or get the loan
                back
                earlier.

            

    

    
    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              3.

            	
              For
                any agreed returned payment or early payment of principal, interest,
                penalty, compound interest and other payable the borrower, the lender
                can
                directly charge from any of the borrower’s
                accounts.

            

    

    
      	 	
              4.

            	
              The
                payment from the borrower that is not sufficient to pay off the payable
                amount under the contract, the borrower can choose to use such payment
                to
                pay off principal, interest, penalty interest, compound interest
                and
                expenses.

            

    

    
      	 	
              5.

            	
              If
                the borrower does not fulfill the payment obligations, the lender
                can
                disclose such default to the
                public.

            

    

    
      	 	
              6.

            	
              According
                to the contract as agreed, the loan can be released to the
                borrower.

            

    

    

    Fourth
      Term  Borrower’s
      rights and responsibilities

    

    
      	 	
              1.

            	
              Have
                the right to obtain and use the loan according the
                contract.

            

    

    
      	 	
              2.

            	
              Based
                on the account which has been agreed on the Second Term to process
                all and
                settle and deposit for the loan under the
                contract.

            

    

    
      	 	
              3.

            	
              If
                the loan is in foreign currency, the related approval, registration
                and
                other legal processes should be completed according to the
                regulations.

            

    

    
      	 	
              4.

            	
              When
                the borrower pays the interest and principal on time and needs to
                postpone
                the payment, the borrower should submit the payment delay application
                in
                writing 15 days before the payment is due. Upon the approval from
                the
                lender, both parties can sign the
                agreement.

            

    

    
      	 	
              5.

            	
              The
                loan should be used based on the agreed purpose. No appropriation
                of the
                loan.

            

    

    
      	 	
              6.

            	
              Provide
                the borrower each month with the accurate, complete and valid financial
                reports and other related information and actively accommodate the
                borrower’s inspection of its business operation, financial activities and
                usage condition of the loan under the
                contract.

            

    

    
      	 	
              7.

            	
              When
                the borrower has sub-contract, lease, changes in shareholding, joint
                venture, merger, acquisition, split off, transfer of assets, applying
                for
                shutting down, dissolution, revocation, bankruptcy, changes in holding
                shareholders or anything affect the lender to fulfill its creditor’s
                rights, they should notify the lender in writing in advance and get
                lender’s approval. At the same time, it should fulfill the creditor’s
                rights to pay off the debt or pay off the debt in advance; otherwise
                the
                above can not be implemented. 

            

    

    
      	 	
              8.

            	
              Other
                than the actions mentioned above, some of the importantly negative
                situations happen to the borrower and affect its ability to fulfill
                the
                loan obligation, such as obsolesence, going out of business, revocation,
                business license suspended, the legal representative or the person
                in
                charge has some illegal activities, involving large legal dispute
                or
                arbitration, production difficulty or financial deterioration, the
                borrower should inform the lender in writing and make sure to implement
                the protection measures of creditor’s rights.

            

    

    
      	 	
              9.

            	
              The
                borrower provides the guarantee for other person’s debts or uses its main
                properties as the third party’s collateral or pledge, which can affect its
                ability to pay off the debt under the contract, the borrower should
                notify
                the lender in writing in advance to get the approval from the
                lender.

            

    

    
    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              10.

            	
              The
                borrower and its investors can not hide the capital, transfer assets
                or
                transfer shares at their own wills in order to avoid the debts to
                the
                lender.

            

    

    
      	 	
              11.

            	
              Any
                changes in names, legal representative, address and business coverage
                should notify the lender
                immediately.

            

    

    
      	 	
              12.

            	
              When
                the guarantor for the contract is out of business, obsolete, revocation,
                business license suspended, bankruptcy, loss in the operation, lost
                part
                or entire guarantee capability, or lost value in the collateral or
                pledge,
                the borrower should provide other types of collateral or pledge as
                approved by the lender.

            

    

    
      	 	
              13.

            	
              The
                borrower is responsible for all the expenses occurred by the guarantee
                under the contract such as legal service fee, insurance, transportation,
                evaluation, registration, custody, identification and notary.
                

            

    

    

    Fifth
      Term Early
      Repayment

    

    When
      the
      borrower makes early repayment, the borrower should get the approval from the
      lender first and, once the lender agrees, the early repayment part should be
      based on the following second
      methods
      to calculate the interest: (three methods)

    
      	 	
              1.

            	
              Based
                on the loan term under the contract and the agreed interest rate
                to
                calculate the interest.

            

    

    
      	 	
              2.

            	
              Based
                on the agreed interest rate under the contract above floating Zero
                %.

            

    

    

    Sixth
      Term Default
      Responsibilities

    
      	 	
              1.

            	
              The
                lender does not release enough amount of loan as agreed and as schedule
                to
                the borrower which causes the loss of the borrower, the penalty should
                be
                paid to the borrower based on the amount of default and the number
                of days
                of delay. The calculation of the penalty is the same as the loan
                past due
                calculation.

            

    

    
      	 	
              2.

            	
              When
                the borrower did not return the principal as schedule under the contract,
                the lender will charge the penalty of the past due amount starting
                from
                the date of past due based on the executed interest rate of the contract
                above floating fifty
                per cent until the principal and interest have been paid off. During
                this
                period of time, if the loan is borrowed in RMB and it happens that
                the
                China People’s Bank has adjusted the prime rate up, the penalty interest
                rate should be raised accordingly from the date of interest rate
                adjustment.

            

    

    
      	 	
              3.

            	
              When
                the borrower did not follow the agreed loan purpose to use the loan,
                the
                part that does not follow the agreed loan purpose will be charged
                the
                penalty interest starting from the date of default based on the executed
                interest rate of the contract above floating one
                hundred
                per cent until the principal and interest has been paid off. During
                this
                period of time, if the loan is borrowed in RMB and it happens that
                the
                China People’s Bank has adjusted the prime rate up, the penalty interest
                rate should be raised accordingly from the date of interest rate
                adjustment.

            

    

    
      	 	
              4.

            	
              For
                the unpaid interest, the lender should be charged with the compound
                interest rate based on the rules of China People’s Bank. The unpaid
                interest includes the unpaid interest occurred during the course
                of the
                loan (including the penalty for the default of loan purpose) and
                the
                unpaid interest occurred by the past due (including the penalty for
                the
                past due and the default of loan purpose). The unpaid interest occurred
                during the course of loan, it should base on the executed interest
                rate
                under the contract to calculate the compound interest. Starting for
                the
                due date of the interest, the compound interest rate should be
                calculated.

            

    

    
    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              5.

            	
              If
                the borrower violates the responsibilities of the contract, the lender
                has
                the right to correct such default, stop releasing the loan, collect
                the
                released loan earlier, announce the other loan contracts between
                the
                borrower and lender due immediately or take other asset project measures
                accordingly.

            

    

    
      	 	
              6.

            	
              Any
                of the guarantors for the loan under the contract violates the agreement
                under the guarantee contract, the lender has the right to stop releasing
                the loan, collect the released loan earlier or take other asset project
                measures accordingly.

            

    

    
      	 	
              7.

            	
              Due
                to the borrower’s default which causes any litigation and arbitration, the
                borrower is responsible for all the expenses such as attorney’s fees,
                travel expenses and other expenses in order to release the credit’s rights
                entailed by such default of the
                borrower.

            

    

    

    Seventh
      Term The
      Loan
      Guarantee

    The
      guarantee under the contract is using maximum
      amount of guarantee.
      Another
      guarantee contract should be signed. If the maximum amount of guarantee has
      been
      used, the guarantee contract number is No 32905220700002755.

    

    Eighth
      Term Dispute
      Resolution

    In
      the
      event of any dispute during the course of the loan, both parties can resolve
      the
      dispute by the following first
      method:

    1.
      Litigation. The prosecution will take place at the People’s court located at the
      lender’s address.

    2.
      Arbitration. Submit to _____
      (the
      full name of the arbitration institution) based on the current arbitration
      rules
      at the time of arbitration.

    During
      the arbitration and litigation, any parts under the contract that are not
      involved in the dispute are still valid.

    

    Ninth
      Term Others

    The
      loan
      is guaranteed by two guarantee contracts: No 3290520070002755 and No.
      32110313901200806 with maximum amount of guarantee.

    

    [Loan
      certificate]

    

    Agriculture
      Bank of China

    321200800110770

    Date:2008/5/21

    Borrower:
      Danyan Lihua Electron Ltd.

    [ID]
      71687331-7

    [Loan
      Account Number]

    [Loan
      Type]The general business operation funds

    [Loan
      Purpose] Purchase steel material

    [Loan
      Contract Number] No 32101200800018108

    [Guarantee
      Contract Number] No 3290520070002755

    [Loan
      Date] May 21, 2008

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    [Loan
      Due
      Date] May 20, 2009

    [Deposit
      account number] 10322901040001897

    [Amount]
      RMB four million and eight hundred thousand yuans

    (¥
      4,800,000)

    (Table)

    Repayment
      registration 

    Year/Month/Date/

    Principal
      returned amount

    Interest
      rate

    Interest
      returned amount

    Remaining
      principal

    The
      person in charge

    

    Made
      by:

    Approved
      by:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]