Document:

Exhibit
10.9

    

    RMB
Borrowing Contract

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                    
      China Construction Bank Fujian
Branch

                                

                        

                      

                    

                  

                

              

            

          

        

      

    

     

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      
        
          
            	
                    Business
      Department of China Construction Bank Shishi
  Branch

                  

          

        

      

    

    

    This RMB
Borrowing Contract (“Contract”) is made and entered
into by and between:

    

    Borrower
(“Party A”): please
refer to Article 12 hereof

    Lender
(“Party B”): please
refer to Article 12 hereof

    

    Whereas, Party A applies to
Party B for a borrowing, and Party B agrees to issue the loan to Party A.
Therefore, this Contract is entered into by and between Party A and Party B in
accordance with applicable laws, regulations and rules through negotiation for
common compliance.

    

    
      	
              Article
      1

            	
              Borrowed
      Amount

            

    

    Please
refer to Article 13 hereof.

    

    
      	
              Article
      2

            	
              Use
      of Borrowing

            

    

    Please
refer to Article 14 hereof.

    

    
      	
              Article
      3

            	
              Term
      of Borrowing

            

    

    Please
refer to Article 15 hereof.

    

    
      	
              Article
      4

            	
              Loan
      Rate, Penalty Rate, Interest Accruals, Interests
  Settlement

            

    

    
      
        	 	
                I.

              	
                Loan
      Rate

              

      

    

    Please
refer to Article 16 hereof.

     

    
      
        	 	
                II.

              	
                Penalty
      Rate

              

      

    

    Please
refer to Article 17 hereof.

     

    
      
        	 	
                III.

              	
                The “Interests
      Commencement Date” as mentioned in this Article shall mean the date
      when the initial loan hereunder is transferred to the account as
      designated by Party A.

              

      

    

    

    For
issuance of the initial loan hereunder, the prime rate shall mean the loan rate
at the same level in the same period as published by the People's Bank of China
on the Interests Commencement Date. Thereafter, if the loan rate is adjusted
subject to the preceding provisions, the prime rate shall mean the loan rate at
the same level in the same period as published by the People's Bank of China on
the date when such loan rate is adjusted. If the People's Bank of China does not
publish the loan rate at the same level in the same period any longer, the prime
rate shall mean the loan rate at the same level in the same period as generally
accepted or acknowledged by the banks on the date when the loan rate is
adjusted, unless otherwise as agreed by the parties hereto.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    
      	
            	
              IV.

            	
              The
      loan interests will be added from the date when the loan is transferred to
      the account as designated by Party A. The loan interests hereunder will be
      added on a daily basis at the daily rate equaling to annual rate/360. If
      Party A fails to pay the interest accruals on the Interests Commencement
      Date as specified in this Contract, the compound interests will be added
      from the day following such Interests Commencement
  Date.

            

    

    

    
      
        	
              	
                V.

              	
                Interests
      Settlement

              

      

    

    
      	
               
      

            	
              (I)

            	
              If
      the loan is granted at a fixed rate, the interest accruals will be added
      according to the rate as agreed by the parties when such interest accruals
      are settled. If the loan is granted at the floating rates, the interest
      accruals will be added according to a floating rate determined for a
      certain period; and if there is more than one floating rate in a single
      interest settlement period, it is required to figure out the interest
      accruals of each floating period in the first instances, and then to count
      the sum of interest accruals of all floating periods in such single
      interest settlement period on the Interests Commencement
    Date.

            

    

    
      	
               
      

            	
              (II)

            	
              Please
      refer to Article 18 hereof.

            

    

    

    
      	
              Article
      5

            	
              Issuance
      and Drawing of Borrowing

            

    

    
      
        	 	
                I.

              	
                Precedent
      Conditions for Issuance of
Borrowing

              

      

    

    Please
refer to Article 19 hereof.

     

    
      
        	 	
                II.

              	
                Plan
      of Use (“Use
      Plan”)

              

      

    

    Please
refer to Article 20 hereof.

     

    
      	 	
              III.

            	
              Party
      A shall use the loan subject to the Use Plan as specified in II above.
      Unless otherwise agreed by Party B in writing, Party A shall not get in
      advance, delay, divide or cancel the drawing in any
  way.

            

    

     

    
      	 	
              IV.

            	
              If
      Party A use the loan by installment, the expiry date of the term of
      borrowing shall be determined subject to Article 3
  hereof.

            

    

     

    
      	
              Article
      6

            	
              Repayment

            

    

    
      
        	
                I.

              	
                Principles
      of Repayment

              

      

    

     

    Party A
shall repay the borrowing hereunder subject to the following
principles:

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Party B
shall be entitled to apply the repayment of Party A to satisfy all fees that
have been advanced by Party B but shall be borne by Party A pursuant to this
Contract, and the fees used for getting the claims by Party B. And the remaining
shall be used for paying the interest accruals in the first instance, and then
the principals. However, if the due principals are not repaid for more than 90
days, or if the due interest accruals are not paid for more than 90 days, or if
the loan as otherwise provided by laws, regulations or rules is not repaid,
Party A shall repay the principals in the first instance, and then pay the
interest accruals thereon after paying the above fees.

    

    
      
        	
                II.

              	
                Payment
      of Interest Accruals

              

      

    

    

    Party A
shall pay to Party B the due interest accruals on the Interests Settlement Date.
The first interests payment date shall be the first Interests Settlement Date
upon the issuance of the borrowing, and all the interest accruals shall be paid
in full when the final installment of the borrowing is repaid.

    

    
      
        	
                III.

              	
                Principals
      Repayment Schedule

              

      

    

    Please
refer to Article 21 hereof.

    

    
      
        	
                IV.

              	
                Repayment
      Method

              

      

    

    

    Party A
shall deposit money enough to repay the due borrowing for self-transfer
repayment into the account opened with Party B before the due repayment date as
specified in this Contract, and Party B shall be entitled to take the due amount
from such account, or from other accounts of Party B that may be transferred for
the repayment on the due repayment date as specified in this
Contract.

    

    
      
        	
                V.

              	
                Advance
      Repayment

              

      

    

    
      	
               
      

            	
              (I)

            	
              Party
      A may repay the principals in whole or part in advance upon consents of
      Party B by sending a written application to Party B twenty working days in
      advance.

            

    

    

    If Party
A repays the principals in advance, the interest accruals thereon shall be added
according to number of actual days of the use of borrowing and the loan rate as
specified in this Contract.

    

    
      	
               
      

            	
              (II)

            	
              Please
      refer to Article 22 hereof.

            

    

    

    
      	
              Article
      7

            	
              Rights
      and Obligations of Party A

            

    

    

    
      
        	
                I.

              	
                Rights
      of Party A

              

      

    

    

    
      	
              (I)

            	
              Party
      A shall be entitled to request Party B to issue the borrowing subject to
      this Contract.

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	
              (II)

            	
              Party
      A shall be entitled to use the borrowing subject to this
      Contract.

            

    

    

    
      	
              (III)

            	
              Party
      A shall be entitled to apply to Party B for extension of the borrowing
      provided that requirements of Party B have been
  satisfied.

            

    

    

    
      	
              (IV)

            	
              Party
      A shall be entitled to request Party B to keep confidential relevant
      financial information and trade secrets concerning the production and
      operation as provided by Party A, unless otherwise as provided by laws and
      regulations, or as required by competent authorities, or as agreed by the
      parties hereto.

            

    

    

    
      	
              (V)

            	
              Party
      A shall be entitled to reject any bribes as requested by Party B and its
      work personnel, and to report to competent authorities any such request or
      violation of laws and regulations concerning applicable credit loan rate
      and service charges by Party B.

            

    

    

    
      
        	
                II.

              	
                Obligations
      of Party A

              

      

    

    

    
      	
              (I)

            	
              Party
      A shall draw the borrowing and pay the principals and interest accruals
      thereon in full subject to this Contract, as well as bear all applicable
      fees hereunder.

            

    

    

    
      	
              (II)

            	
              Party
      A shall provide all information concerning its finance and accounting,
      production and operation at the request of Party B, including but not
      limited to providing Party B with its balance sheets, profit and loss
      statements (income and expenditure statements in the event of a public
      institution) as at the end of the immediately preceding quarter within the
      first twenty working days in the beginning of the first month of each
      quarter, as well as providing its cash flow statements of the year at the
      end of such year in a timely manner. Furthermore, Party A shall ensure
      that all the information provided by it is lawful, true, complete,
      accurate and valid, free of false information, or without concealing
      material operating and financial
matters.

            

    

    

    
      	
              (III)

            	
              If
      Party A changes or replaces its name, legal representative (responsible
      officer), registered address, scope of business, registered capitals or
      articles of association by completing any such change and/or replacement
      in the registration with the Administration for Industry and Commerce, it
      shall send a written notice to Party B together with the information
      concerning such change or replacement within five working days upon
      occurrence of any such change or
replacement.

            

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    
      	
              (IV)

            	
              Party
      A shall use the borrowing according to this Contract other than engaging
      in any transactions in violation of laws and rules by embezzling, misusing
      or misappropriating the borrowing; meanwhile, it shall coordinate and
      accept the inspection and monitoring by Party B over its production,
      operation, financial activities and use of borrowing hereunder. And it
      shall not avoid its obligations owed to Party B by taking out capitals,
      transferring assets or taking advantage of related transactions, nor make
      banking discount or create charges for getting capitals or credits from a
      bank by taking advantage of false contracts with its related parties, or
      receivable notes and receivables lack of actual
    transactions.

            

    

    

    
      	
              (V)

            	
              Party
      A shall comply with applicable environment protection regulations of the
      PRC if it conducts manufacture and engineering construction by using the
      borrowing hereunder.

            

    

    

    
      	
              (VI)

            	
              Before
      paying the principals and interest accruals thereon to Party B, Party A
      shall not create a guarantee in favor of a third party on the assets
      created by using the borrowing hereunder without prior consents of Party
      B.

            

    

    

    
      	
              (VII)

            	
              If
      Party A is a group company, it shall report to Party B its related
      transactions accounting for more than 10% of its net assets in a timely
      manner, including (i) related relationships among trading parties; (ii)
      trading projects and nature; (iii) trading amount or corresponding
      proportions; (iv) pricing policies (including transactions lack of
      consideration or nominal
transactions).

            

    

    

    
      	
              (VIII)

            	
              If
      the loan hereunder is issued as the fixed-asset loan or project loan,
      Party A shall ensure that (i) the proposed project has been obtained with
      approvals of relevant government authorities and will not violate any laws
      and regulations, (ii) capitals or other raisings will be contributed in
      full subject to the specified deadline and proportions, and (iii) the
      project will be completed according to the
  schedule.

            

    

    

    
      	
              Article
      8

            	
              Rights
      and Obligations of Party B

            

    

    

    
      
        	
                I.

              	
                Party
      B shall be entitled to request Party A to pay the principals, interest
      accruals thereon and fees therefrom as scheduled, and to exercise other
      rights hereunder, and to request Party A to perform other obligations
      hereunder.

              

      

    

    

    
      	
              
                II.

              

            	
              
                Party
      B shall issue the loan subject to this Contract, unless otherwise delayed
      for the reasons attributed to Party A or other reasons not attributed to
      Party B.

              

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    
      	
              III.

            	
              Party
      B shall keep confidential relevant financial information and trade secrets
      concerning the production and operation as provided by Party A, unless
      otherwise as provided by laws and regulations, or as required by competent
      authorities, or as agreed by the parties
hereto.

            

    

    

    
      	
              IV.

            	
              Party
      B shall not bring, nor get or accept any bribe to and from Party A and its
      work personnel.

            

    

     

    
      	
              V.

            	
              Party
      B shall not create any bad faith that may damage the legal benefits of
      Party A.

            

    

    

    
      	
              Article
      9

            	
              Breaching
      Liability, Remedies in the event of circumstances that may endanger Party
      B's claims

            

    

    

    
      
        	
                I.

              	
                Breach
      by and Breaching Liability of Party
B

              

      

    

    

    
      	
              (I)

            	
              Party
      A may request Party B to continue to issue the loan subject to this
      Contract provided that Party B fails to issue the loan subject to this
      Contract without any justified
reasons.

            

    

    

    
      	
              (II)

            	
              In
      the event Party B charges any interest accruals and fees from Party A by
      violating laws, regulations or limitations of the PRC, Party A shall be
      entitled to request Party B to refund any such interest accruals and
      fees.

            

    

    

    
      
        	
                II.

              	
                Breach
      by Party A

              

      

    

    

    
      	
              (I)

            	
              Party
      A has breached any provision hereof, or any of its legal
      obligations.

            

    

    

    
      	
              (II)

            	
              Party
      A will not perform any of its obligations hereunder by express or through
      other acts.

            

    

    

    
      	
              III.

            	
              Circumstances
      that may endanger Party B's claims

            

    

    

    
      	
              (I)

            	
              Party
      B may consider that its claims are endangered under any of the following
      circumstances in relation to Party A: contracting, trusts (take-over),
      release, shareholding reforms, reduction of registered capitals,
      investments, joint operation, consolidation, merger, acquisition and
      restructuring, division, joint venture, petition (or being petitioned) for
      shut-down for reorganization, dissolution, cancellation and/or bankruptcy,
      replacement of controlling shareholders/actual controllers, transfer of
      material assets, suspension of production, out-of-business, penalties in
      high amount by competent authorities, cancellation of registration,
      withdrawal of business license, involvement in material legal disputes,
      material difficulty in manufacture and operation, or  worse
      conditions of finance, incapability of performing their duties by legal
      representative or main responsible
officer.

            

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    
      	
              (II)

            	
              Party
      B may consider that its claims hereunder are endangered under any of the
      following circumstances: Party A fails to perform other due obligations
      (including the obligations due and payable to all institutions of China
      Construction Bank or other third parties); or it transfers its properties
      in a low price or without any consideration, or reduces or releases the
      obligations of a third party; or it fails to exercise its credit rights or
      other rights, or grants a guarantee in favor of a third
    party.

            

    

    

    
      	
              (III)

            	
              Party
      A's shareholders avoid the obligations by abusing the independent standing
      of the legal person or the limited liability of shareholders, according to
      which Party B considers that its claims hereunder are
      endangered.

            

    

    

    
      	
              (IV)

            	
              Any
      of the precedent conditions hereunder for issuance of the borrowing has
      not been satisfied at any time.

            

    

    

    
      	
              (V)

            	
              Party
      B may consider that its claims hereunder are endangered under any of the
      following circumstances of the
guarantor:

            

    

    

    
      	
              i.

            	
              The
      guarantor has breached any provision hereof, or any of its statements and
      warranties is false, wrong or
missing.

            

    

    

    
      	
              ii.

            	
              The
      guarantor has met any of the followings: contracting, trust (take-over),
      release, shareholding reforms, reduction of registered capitals,
      investments, joint operation, consolidation, merger, acquisition and
      restructuring, division, joint venture, petition (or being petitioned) for
      shut-down for reorganization, dissolution, cancellation and/or bankruptcy,
      replacement of controlling shareholders/actual controllers, transfer of
      material assets, suspension of production, out-of-business, penalties in
      high amount by competent authorities, cancellation of registration,
      withdrawal of business license, involvement in material legal disputes,
      material difficulty in manufacture and operation, or  worse
      conditions of finance, incapability of performing their duties by legal
      representative or main responsible officer that may affect its guarantee
      capability.

            

    

    

    
      	
              iii.

            	
              Other
      circumstances in which the guarantor loses or may lose its guarantee
      capability.

            

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    
      	
              (VI)

            	
              Party
      B may consider that its claims hereunder are endangered if the mortgage
      and/or pledge meets any of the following
  circumstances:

            

    

    

    
      	
              i.

            	
              The
      mortgaged and/or pledged properties are damaged or lost, or their values
      are reduced by virtue of acts of a third party, or expropriation, forfeit,
      confiscation, withdrawal without any consideration and/or removal by the
      State, or changes of marketing conditions or any other
      reasons.

            

    

    

    
      	
              ii.

            	
              The
      mortgaged and/or pledged properties are sealed, detained, frozen, deducted
      or created with a lien, or under the monitoring of administrative
      authorities, or under disputes concerning the titles of the
      same.

            

    

    

    
      	
              iii.

            	
              The
      mortgagor and/or pledger have breached any provision of the mortgage
      and/or pledge contract, or any of their statements and warranties is
      false, wrong or missing.

            

    

    

    
      	
              iv.

            	
              Other
      circumstances that may endanger the mortgage or pledge rights of Party
      B.

            

    

    

    
      	
              (VII)

            	
              The
      guarantee is not created, does not come into effect, becomes null and
      void, or is cancelled or rescinded, or the guarantor breaches this
      Contract or will not perform its guarantee liability through its express
      acts, or the guarantor loses its guarantee capability in part or whole, or
      the value of collaterals is reduced, according to which Party B considers
      that its claims hereunder are endangered;
or

            

    

    

    
      	
              (VIII)

            	
              Other
      circumstances in which Party B considers that its claims hereunder may be
      endangered.

            

    

    

    
      	
              IV.

            	
              Remedies
      by Party B

            

    

    

    Under any
of the circumstances as specified in II or III of this Article, Party B shall be
entitled to exercise one or more of the rights as follows:

    

    
      	
              (I)

            	
              Cease
      the issuance of loan;

            

    

    

    
      	
              (II)

            	
              Declare
      the loan to become due with immediate effect, and request Party A to
      immediately pay all due and undue principals, interest accruals thereon
      and fees therefrom under this
Contract;

            

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    
      	
              (III)

            	
              Please
      refer to Article 23 hereof;

            

    

    

    
      	
              (IV)

            	
              Charge
      interest accruals and compound interests at the penalty rate and according
      to the interests settlement methods as specified in this Contract for the
      borrowing misappropriated by Party A from the date when the loan is not
      used pursuant to this Contract, to the date when all principals and
      interest accruals thereon have been paid in full, provided always that,
      Party A fails to use the borrowing pursuant to this
    Contract;

            

    

    

    
      	
              (V)

            	
              In
      the event of overdue repayment, charge interest accruals and compound
      interests at the Penalty Rate and according to the interests settlement
      methods as specified in this Contract for the principals and interest
      accruals thereon that have not been paid by Party A as scheduled
      (including such principals and interest accruals thereon as are declared
      by Party B to become due earlier in whole or part), from the date of such
      overdue repayment, to the date when all principals and interest accruals
      thereon have been paid in full. “Overdue Repayment” shall mean that Party
      A fails to repay the borrowing as scheduled or repays the principals by
      going beyond the repayment schedule for each
  installment.

            

    

    

    Before
the borrowing becomes due, the interest accruals unpaid by Party A shall be
added compound interests at the loan rate and according to the interests
settlement method as specified in this Contract.

    

    
      	
              (VI)

            	
              Other
      remedies, including but not limited
to:

            

    

    

    
      	
              i.

            	
              Take
      applicable amount in RMB or other currencies from accounts of Party A
      opened with China Construction Bank, without any further advance notice to
      Party A;

            

    

    

    
      	
              ii.

            	
              Exercise
      its rights on the guarantees;

            

    

    

    
      	
              iii.

            	
              Request
      Party A to provide new guarantees conforming to Party B's requirements for
      all of its obligations hereunder;

            

    

    

    
      	
              iv.

            	
              Terminate
      this Contract.

            

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    

    
      	
              Article
      10

            	
              Miscellaneous

            

    

    

    
      
        	
                I.

              	
                Bearing
      of Fees

              

      

    

    

    Party A
shall pay for legal services, insurance, appraisals, evaluation, registration,
safekeeping, identification, public notary and other fees in relation to this
Contract and the guarantees hereunder, unless otherwise as agreed by the parties
hereto.

    

    Party A
shall pay for all of Party B's out-of-pockets for getting its claims (including
but not limited to court fees, arbitration fees, property preservation fees,
travel expenses, execution fees, appraisal fees, auction fees, public notary
fees, service fees, publicity fees, and attorney fees).

    

    
      
        	
                II.

              	
                Use
      of Party A's Information

              

      

    

    

    Party A
accepts and acknowledges that (i) Party B may search Party A's credit standing
information in the credit database established upon approval of the People's
Bank of China and the competent credit standing departments or via relevant
entities or departments, and (ii) Party B may provide Party A's credit standing
information to such credit database established upon approval of the People's
Bank of China and the competent credit standing departments. Meanwhile, Party A
agrees that Party B may reasonably use and disclose Party A's information as
well based on its business.

    

    
      
        	
                III.

              	
                Collection
      by Announcement

              

      

    

    

    If Party
A defaults in paying the borrowed principals and interest accruals thereon or
has other breaches, Party B shall be entitled to report to relevant departments
or entities, and to announce the collection via news medias.

    

    
      
        	
                IV.

              	
                Validity
      of Evidences of Party B's
Records

              

      

    

    

    Except
for reliable and affirmative contrary evidences, Party B's internal accounting
records in relation to the principals, interest accruals thereon, fees therefrom
and repayment records, documents and vouchers in relation to drawing, repayment,
payment of interest accruals by Party A but produced or kept by Party B,
collection records and vouchers of Party B, shall constitute effective and
affirmative evidences for the obligations and claims between the parties hereto.
And Party A shall not have any objection only based on the facts that the above
records, documents and vouchers are produced or kept by Party B
unilaterally.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    

    
      
        	
                V.

              	
                Reservation
      of Rights

              

      

    

    

    Party B's
rights under this Contract shall be without any prejudice to any of its other
rights as provided in laws, regulations and other contracts. Any tolerance,
grace, favor to any breach, delay, or any extension for exercise of its rights
hereunder shall not be deemed to waive any rights or benefits hereunder, nor to
acknowledge or accept any breach of this Contract, nor affect, prevent or hinder
any further exercise of such rights or exercise of any other rights, nor cause
Party B to bear obligations or liabilities to Party A.

    

    
      	
              VI.

            	
              If
      Party A bears other due obligations to Party B in addition to the
      obligations hereunder, Party B shall be entitled to take any amount in RMB
      or other currencies from the accounts of Party A opened with China
      Construction Bank for paying any due obligations in the first instance, to
      which Party A has agreed to have no
objection.

            

    

    

    
      	
              VII.

            	
              Party
      A shall promptly notify Party B in writing of its changed mailing address
      or contact details, and shall bear the losses arising out of its failure
      to send the above notice in a timely
manner.

            

    

    

    
      	
              VIII.

            	
              Drawing
      of Payables

            

    

    

    As for
all the payables by Party A under this Contract, Party B shall be entitled to
draw corresponding money in RMB or other currencies from Party A's accounts
opened with China Construction Bank without any further prior notice to Party A.
If foreign exchange settlement or purchase-and-sale of foreign exchanges is
required, Party A shall be obligated to assist Party B to complete the same at
the exchange rate risks of Party A.

    

    
      	
              IX.

            	
              Conditions
      for Effectiveness

            

    

    

    This
Contract comes into effect after it is signed, or affixed with common seal, by
Party A's legal representative (responsible officer) or authorized agent, and
signed, or affixed with common seal, by Party B's responsible officer or
authorized agent.

    

    
      
        	
                X.

              	
                Party
      A represents that it has not conducted any activity or met any
      circumstance in violation of any laws, regulations and rules concerning
      environmental protection, energy savings or emission reduction, pollution
      reduction as at the execution of this Contract, and undertakes to strictly
      comply with such laws, regulations and rules after this Contract is
      signed. If any of the above representations is false or if any of the
      above undertakings is not performed, or if Party A may meet energy
      consumption or pollution risks, Party B shall be entitled to cease its
      credits to Party A (including but not limited to rejecting in issuing the
      loan, providing finances, opening L/G or L/C or bank acceptance drafts),
      or to declare the loaned principals and interest accruals thereon
      (including but not limited to loans, finances, advances that have been or
      may be made) to become due earlier, or to take other remedial measures as
      provided in this Contract or
laws.

              

      

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    

    
      	
              Article
      11

            	
              Representations

            

    

    

    
      
        	
                I.

              	
                Party
      A has clearly known and understood the scope of business, and authorized
      powers, of Party B.

              

      

    

    

    
      	
              
                II.

              

            	
              
                Party
      A has already read all the terms of this Contract. Meanwhile, Party B has
      made interpretation for certain terms of this Contract at the request of
      Party A. And Party A has known well and understood the meanings of, and
      legal consequences that may arise from, the terms of this
      Contract.

              

            

    

    

    
      	
              III.

            	
              Execution
      of this Contract and performance of its obligations hereunder by Party A
      meet laws, administrative regulations, rules or its articles of
      association or internal organization documents, and have been obtained
      with approvals from its internal authorized department and/or competent
      authorities of the State.

            

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    

    Special
Terms and Conditions

    

    This RMB
Borrowing Contract is numbered as “2009 Jian
Quan Shi Dai Zi, No. 012”.

    

    Type of
Loan: Short-term working capital loan for industrial enterprises

    

    
      	
              Article
      12

            	
              Particulars
      of Contractors

            

    

    

    Borrower
(Party A): Shishi Feiying Plastic Co., Ltd.

    Residence:
Longshan Development Area, Hanjiang Town, Shishi City

    Zip Code:
362700

    Legal
Representative (Responsible Officer): Wu Licong

    Fax:
88682828

    Tel:
88681828

    

    Lender
(Party B): China Construction Bank Shishi Branch

    Residence:
No. 1865, 87 Road, Shishi City

    Zip Code:
362700

    Responsible
Officer: Chen Yixin

    Fax:
0595-88595137

    Tel:
0595-88595195

    

    
      	
              Article
      13

            	
              Provision
      for Article 1

            

    

    

    Party A
will borrow RMB Ten
Million (in words) from Party B.

    

    
      	
              Article
      14

            	
              Provision
      for Article 2

            

    

    

    Party A
shall apply the borrowing to its working capitals.
Without prior written consents of Party B, Party A shall not change any such
application.

    

    
      	
              Article
      15

            	
              Provisions
      for Article 3

            

    

    

    The term
of borrowing hereunder shall be twelve months from
January 26,
2010 to January
26, 2011.

    

    If the
commencement date and ending date of the borrowing hereunder are inconsistent
with those on the loan dump voucher (borrowing IOU, the same below), the actual
issuance date as recorded on the first-issuance loan dump voucher shall prevail,
and the due date of the borrowing as set forth in the first paragraph of this
Article shall be adjusted accordingly.

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    

    The loan
dump voucher, being an integral part of this Contract, shall have the same force
and effect with this Contract.

    

    
      	
              Article
      16

            	
              Provisions
      for I of Article 4

            

    

    

    The loan
rate hereunder is an annual rate as specified in  (I)  below:

    

    
      	
              (I)

            	
              Fixed
      rate, i.e., 4.779%, which
      will remain unchanged during the term of
  borrowing;

            

    

    
      	
              (II)

            	
              Fixed
      rate, i.e., (“up” or “down”) by %
      from (prime
      rate of the Interests Commencement Date), which will remain unchanged
      during the term of borrowing;

            

    

    
      	
              (III)

            	
              Floating
      rate, i.e., (“up” or “down”) by %
      from (prime
      rate of the Interests Commencement Date), which will be adjusted according
      to the prime rate of the date when the rate is adjusted (“Rate Adjustment Date”)
      and the above up/down rate every month
      from the Interests Commencement Date to the date when the borrowing
      hereunder is repaid in full. The Rate Adjustment Date, corresponding to
      the Interests Commencement Date, shall be the date in the month in which
      the rate is adjusted. If there is no such date in the month corresponding
      such Interests Commencement Date, the final day of such month shall be
      treated as the Rate Adjustment
Date.

            

    

    

    
      	
              Article
      17

            	
              Provisions
      for II of Article 4

            

    

    

    
      	
              (I)

            	
              If
      Party A fails to use the loan pursuant to this Contract, the penalty rate
      will be increased by 100% based on
      the loan rate. If the loan rate is adjusted according to (III) of I of
      this Article, the penalty rate will be adjusted according to the adjusted
      loan rate and the above increase.

            

    

    

    
      	
              (II)

            	
              The
      penalty rate is increased by 50% based on
      the loan rate for the overdue repayment. If the loan rate is adjusted
      according to (III) of I of this Article, the penalty rate will be adjusted
      according to the adjusted loan rate and the above
  increase.

            

    

    

    
      	
              (III)

            	
              In
      the event of simultaneous overdue repayment and misappropriation, the
      penalties and compound interests shall be added according to the above
      rates, whichever is higher.

            

    

    

    
      	
              Article
      18

            	
              Provisions
      for (II) of V of Article 4

            

    

    

    The loan
hereunder will be added interest accruals according to the method as specified
in I
below:

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    

    
      	
              i.

            	
              Monthly
      interests settlement: The Interests Settlement Date shall be the 20th
      day of each month;

            

    

    

    
      	
              ii.

            	
              Quarterly
      interests settlement: The Interests Settlement Date shall be the 20th
      day of the final month of each
quarter;

            

    

    

    
      	
              iii.

            	
              Other
      methods Not
      Applicable.

            

    

    

    
      	
              Article
      19

            	
              Provisions
      for I of Article 5

            

    

    

    Unless
otherwise waived by Party B in whole or part, Party B shall be obligated to
issue the borrowing provided that the following precedent conditions are
satisfied:

    

    
      	
              i.

            	
              Party
      A has obtained and/or completed approvals, registration, delivery,
      insurance and other legal formalities in relation to the loan
      hereunder.

            

    

    

    
      	
              ii.

            	
              If
      a guarantee is created in favor of this Contract, such guarantee meeting
      Party B's requirements has come into effect and will keep effective all
      the times.

            

    

    

    
      	
              iii.

            	
              Party
      A has opened an account to be used for drawing and repaying the loan at
      the request of Party B.

            

    

    

    
      	
              iv.

            	
              Party
      A has not caused any breach as specified in this Contract, nor met any
      circumstance as specified in this Contract that may endanger the claims of
      Party B.

            

    

    

    
      	
              v.

            	
              Party
      B is not prohibited or limited from issuing the borrowing hereunder by
      laws, administrative regulations, rules or competent
      authorities.

            

    

    

    
      	
              vi.

            	
              Other
      conditions: Not
      Applicable.

            

    

    

    
      	
              Article
      20

            	
              Provisions
      for II of Article 5

            

    

    Plan of
Use

    Not
Applicable

    

    
      	
              Article
      21

            	
              Provisions
      for III of Article 6

            

    

    Schedule
of Repayment

    Not
Applicable

    

    
      	
              Article
      22

            	
              Provisions
      for (II) of V of Article 6

            

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    

    If Party
B agrees on the advance repayment made by Party A, it shall be entitled to get
compensations from Party A, which will be determined subject to the method as
specified in i
below:

    

    
      	
              i.

            	
              Compensations
      = Principals repaid in advance x number of advance months x 1‰. In the
      event of less than one month, one month shall prevail for the purpose of
      such compensations.

            

    

    

    
      	
              ii.

            	
              Not
      Applicable.

            

    

    

    If Party
A makes repayments by installment, and if it makes advance repayment in part, it
shall repay the borrowing in reverse order as specified in the repayment
schedule. Upon advance repayment, the loan rate hereunder shall be applicable to
the outstanding borrowing.

    

    
      	
              Article
      23

            	
              Provisions
      for (III) of IV of Article 9

            

    

    

    Party B
shall be entitled to request Party A to pay liquidated damages at 0.5 % of the
borrowed amount that has not been used pursuant to this Contract, and reject any
borrowing that has not been issued to Party A, provided always that, Party A
fails to use the borrowing pursuant to this Contract.

    

    
      	
              Article
      24

            	
              Dispute
      Resolutions

            

    

    

    Any
dispute arising out of performance of this Contract may be resolved through
negotiation by the parties; if not reached, any such dispute shall be resolved
subject to the method as specified in i below.

    

    
      	
              i.

            	
              To
      be judged and resolved by the People's Court at the location of Party
      B.

            

    

    

    
      	
              ii.

            	
              To
      be arbitrated by             arbitration
      commission in             in
      accordance with its rules in force and effect at the time of applying for
      arbitration; the awards shall be final and binding upon the
      parties.

            

    

    

    During
the lawsuit or arbitration, the terms not involved in the dispute shall be
continued to be performed.

    

    
      	
              Article
      25

            	
              This
      Contract is made in three
      counterparts.

            

    

    

    
      	
              Article
      26

            	
              Other
      Provisions

            

    

    

    The claims hereunder shall
be guaranteed subject to the Maximum Guarantee Contract (2009
Jian Quan Shi Gao Bao Zi No. 28).

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  Party
      A (common seal): Shishi Feiying Plastic Co., Ltd.

                	 
      	
                  Party
      B (common seal): China Construction Bank Shishi Branch

                
	 	 	 
	
                  Signed
      by Legal Representative (Responsible Officer) or Authorized Agent: Wu
      Licong

                	 
      	
                  Signed
      by Responsible Officer or Authorized Agent: Chen Yixin

                
	 
      	 
      	 
      
	
                  January
      26, 2009

                	 
      	
                  January
      26, 2009

                
	 
      	 
      	 
      

        

      

    

    
      
         

      

      
        18Exhibit
10.10

    

    
      
        
          	 
      	
                  Business
      Department of China Construction Bank Shishi Branch

                	 
      
	 
      	 
      	 
      
	 
      	
                  Maximum
      Guarantee Contract

                	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                       

                	
                  China
      Construction Bank Fujian Branch

                	 
      

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    This
Maximum Guarantee Contract (“Contract”) is entered into by
and between:

    

    Guarantor
(“Party A”): please
refer to Article 10 hereof

    Creditor
(“Party B”): please
refer to Article 10 hereof

    

    
      	
              Article
      1

            	
              Guaranteed
      Scope and Maximum Claims

            

    

    
      	
               
      

            	
              I.

            	
              The
      Maximum Guarantee covers all the obligations under the principal
      contracts, including but not limited to all the principals, interests
      accruals thereon (including compound interests and penalties), liquidated
      damages, damages, other payables to Party B by the debtor (including but
      not limited to relevant service fees, telecommunication fees and
      incidental expenses advanced by Party B, relevant banking service fees
      under L/C rejected by the beneficiary), fees arising out of realization of
      claims and guarantees by Party B (including but not limited to court fees,
      arbitration fees, property preservation fees, travel expenses, enforcement
      fees, appraisal fees, auction fees, service fees, announcement fees,
      attorney's fees, etc.)

            

    

    
      	
               
      

            	
              II.

            	
              Please
      refer to Article 11 hereof.

            

    

    
      	
            	
              III.

            	
              Loans,
      advances, interest accruals, fees or Party B's other claims under the
      principal contracts shall be governed by the Maximum Guarantee hereunder,
      irrespective of whether their actual creation goes beyond the Period for
      Determining Claims (defined below). The due dates of obligations under the
      principal contracts shall not be limited by expiry date of the Period for
      Determining Claims.

            

    

    

    
      	
              Article
      2

            	
              Method
      of Guarantee

            

    

    The
guarantee granted by Party A shall be a joint and several one.

    

    
      	
              Article
      3

            	
              Period
      of Guarantee (“Guarantee
      Period”)

            

    

    
      	
               
      

            	
              I.

            	
              The
      Guarantee Period hereunder shall be independently and separately
      determined subject to a single credit granted to the debtor by Party B,
      namely, the Guarantee Period shall be two years from the date of the
      signing of a principal contract on a single credit business, to the due
      date of the debtor's obligations under such principal
      contract.

            

    

    
      	
               
      

            	
              II.

            	
              If
      Party B and the debtor enter into an extension agreement for performance
      of obligations under the principal contract, the Guarantee period shall be
      two years from the due date of performance of obligations under such
      extension agreement. It is not required to obtain the Guarantor's consents
      for such extension, and the Guarantor shall still bear the joint and
      several liabilities as before.

            

    

    
      	
            	
              III.

            	
              If
      Party B declares the obligations to become due earlier by virtue of
      occurrence of circumstances as provided in laws, regulations or principal
      contracts, the Guarantee Period shall be two years from the date when the
      obligations become due earlier.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              Article
      4

            	
              Independence
      of Guarantee Contract

            

    

    This
Contract shall be independent of principal contracts. The validity of this
Contract shall not be affected if the principal contracts are not concluded, do
not come into effect, become null and void in whole or part, or are canceled or
rescinded. Party A shall also bear joint and several liabilities for obligations
arising out of the return of properties by or the indemnification of losses by
the debtor provided that the principal contracts are not concluded, do not come
into effect, become null and void in whole or part, or are canceled or
rescinded.

    

    
      	
              Article
      5

            	
              Modifications
      to Principal Contracts

            

    

    
      	
               
      

            	
              I.

            	
              Party
      A agrees that it is not required to inform it if Party B and the debtor
      sign principal contracts or make any modification to the same (including
      but not limited to extension of performance of obligations or additions to
      the principals). And Party A shall still bear the guarantee liability to
      the extent of the Maximum Guarantee and the guaranteed scope
      hereunder.

            

    

    
      	
               
      

            	
              II.

            	
              Party
      A's guarantee liability hereunder shall not be reduced or released under
      any of the following circumstances:

            

    

    
      	
               
      

            	
              (I)

            	
              Party
      B or the debtor conducts restructuring, consolidation, merger and/or
      division, or increases or reduces capitals, or conducts joint venture,
      joint operation, or changes its
name;

            

    

    
      	
               
      

            	
              (II)

            	
              Party
      B entrusts a third party to perform its obligations under the principal
      contracts.

            

    

    
      	
            	
              III.

            	
              If
      the claims under the principal contracts are transferred, the guarantees
      hereunder shall be transferred as
well.

            

    

    
      	
            	
              IV.

            	
              Party
      A shall still bear joint and several liabilities to Party B pursuant to
      this Contract, even if any transfer of claims or obligations under the
      principal contracts fails to come into effect, becomes null and void, or
      is canceled or rescinded.

            

    

    

    
      	
              Article
      6

            	
              Guarantee
      Liability

            

    

    
      	
               
      

            	
              I.

            	
              Please
      refer to Article 12 hereof.

            

    

    
      	
               
      

            	
              II.

            	
              Party
      A's guarantee liability hereunder shall not be reduced or released, and
      Party A shall not have any objection if Party B directly requests Party A
      to bear the guarantee liability pursuant to this Contract, irrespective of
      other guarantees (including but not limited to warranty, mortgage, charge,
      letter of guarantee, standby L/C) created in favor of Party B's claims
      under the principal contracts, or of the time of creation of or validity
      of the above guarantees, or of claims against other guarantors by Party B,
      or of agreeing to bear the whole or part of obligations under the
      principal contracts by a third party, or of other guarantees granted by
      the debtor.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
            	
              III.

            	
              If
      the Maximum Guarantee hereunder is less than the balance of the actual
      claims under the principal contracts, and if the claims under the
      principal contracts are not satisfied in full after Party A performs its
      guarantee liability, Party A shall undertake not to damage Party B's
      benefits in any way if it claims (and/or pre-exercises) subrogation or
      pay-off rights against the debtor or other guarantors. Meanwhile, Party A
      agrees that the pay-off of obligations under the principal contracts is
      prior to its subrogation or pay-off
rights.

            

    

    

    As
specifically, before Party B's claims are not satisfied in full,

    
      	
            	
              (I)

            	
              Party
      A agrees not to claim its subrogation or pay-off rights against the debtor
      or other guarantors; if Party A realizes such rights for any reasons, the
      proceeds generated from realization of such rights shall be applied to
      satisfy unpaid claims of Party B with
priority;

            

    

    
      	
            	
              (II)

            	
              If
      collaterals are given for securing the obligations under the principal
      contracts, Party A agrees not to exercise its subrogation or bring claims
      against such collaterals or proceeds from the disposal of the same for any
      reasons. Such collaterals and proceeds shall be applied to satisfy unpaid
      claims of Party B with priority;

            

    

    
      	
            	
              (III)

            	
              If
      the debtor or other guarantors grant counter guarantees in favor of Party
      A, the proceeds gained by Party A from such counter guarantees shall be
      applied to satisfy unpaid claims of Party B with
  priority.

            

    

    
      	
            	
              IV.

            	
              Party
      A has fully recognized the risks from exchange rates. If interest
      accruals, penalties and compound interests payable by the debtor are
      increased after Party B adjusts the rates, the interest bearing or
      settlement methods pursuant to the principal contracts or based on changes
      of national rate policies, Party A shall bear joint and several liability
      for the extra part.

            

    

    
      	
               
      

            	
              V.

            	
              If
      the debtor, in addition to the obligations under principal contracts,
      bears other due obligations to Party B, Party B shall be entitled to apply
      the debtor's funds in RMB or other currencies under its accounts opened
      with China Construction Bank to satisfy any obligations due to Party B in
      the first instance, and whereby Party A's guarantee liability shall not be
      reduced or released.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              Article
      7

            	
              Other
      Obligations of Party A

            

    

    

    
      	
               
      

            	
              I.

            	
              Party
      A shall monitor the use (application) of borrowings by the debtor, and
      shall allow Party B to monitor its funds, properties and operating
      conditions. Meanwhile, Party A shall provide relevant information such as
      financial statements, documents, data at the request of Party B, and shall
      ensure the accuracy, truth, completeness and validity of the same. Without
      prior written consents of Party B, Party A shall not grant any guarantee
      to a third party beyond its
capacity.

            

    

    
      	
               
      

            	
              II.

            	
              Party
      A shall send a written notice to Party B in a timely manner, and make sure
      the bearing, transfer or succession of its guarantee liability hereunder
      at the request of Party B, or provide new guarantees acceptable to Party B
      in favor of the performance of principal contracts if Party A conducts
      contracting, trusts (hand-over), leases, shareholding reforms, reduction
      of its registered capitals, investments, joint operation, consolidation,
      merger, acquisition and restructuring, division and joint venture, or if
      it petitions (is petitioned) for suspension for reorganization, or if it
      applies (is applied) for dissolution or bankruptcy, or if it is cancelled,
      or if its controlling shareholders/actual controllers are replaced, or if
      its material assets are transferred, or if it meets shut-down or
      out-of-business, or if heavy fines are imposed against it by the competent
      authorities, or if its registration or business license is cancelled, or
      if it is involved in material legal disputes, or if it meets severe
      difficulty in its production and operation, or if its financial conditions
      become worse, or if its legal representative or main responsible officer
      is unable to perform their duties, or if it loses or may lose its
      guarantee capability for any
reasons.

            

    

    
      	
            	
              III.

            	
              If
      Party A changes or replaces its name, legal representative (responsible
      officer), residence, scope of business, registered capitals, articles of
      association or other registered items, it shall send a written notice to
      Party B within five business days upon any such change or replacement,
      together with information and materials in relation any such change or
      replacement.

            

    

    

    
      	
              Article
      8

            	
              Miscellaneous

            

    

    

    
      	
               
      

            	
              I.

            	
              Drawing
      of Payables

            

    

    As for
all payables by Party A under this Contract, Party B shall be entitled to draw
corresponding money in RMB or other currencies from Party A's accounts opened
with China Construction Bank without any further prior notice to Party A. If
foreign exchange settlement or purchase-and-sale of foreign exchanges is
required, Party A shall be obligated to assist Party B to complete the same at
the exchange rate risks of Party A.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              II.

            	
              Use
      of Party A's Information

            

    

    Party A
accepts and acknowledges that (i) Party B may search Party A's credit standing
information in the credit database established upon approval of People's Bank of
China and the competent credit standing departments or via relevant entities or
departments, and (ii) Party B may provide Party A's credit standing information
to such credit database established upon approval of People's Bank of China and
the competent credit standing departments. Meanwhile, Party A agrees that Party
B may reasonably use and disclose Party A's information based on its business as
well.

    

    
      	
            	
              III.

            	
              Collection
      by Announcement

            

    

    In the
event of any breach by Party A, Party B shall be entitled to report any such
breach to relevant departments or entities, or to announce the collection via
news medias.

    

    
      	
            	
              IV.

            	
              Validity
      of Evidences of Party B's Records

            

    

    Save for
reliable and determinable contrary evidences, Party B's internal accounting
records on principals, interest accruals, expenses and repayment, and its
documents and vouchers produced or remained by Party B in the business of
drawing, repayment and payment of interest accruals by the debtor, and its
records and vouchers on collection of loans by it, shall constitute definite
evidences for the claims under the principal contracts. And Party A shall not
have any objection only based on the facts that the above records, documents and
vouchers are produced or remained by Party B unilaterally.

    

    
      	
               
      

            	
              V.

            	
              Reservation
      of Rights

            

    

    Party B's
rights under this Contract shall be without any prejudice to any of its other
rights as provided in laws, regulations and other contracts. Any tolerance,
grace, favor to any breach, delay, or any extension for exercise of rights
hereunder shall not be deemed to waive any rights or benefits hereunder, nor to
acknowledge or accept any breach of this Contract, nor affect, prevent or hinder
any further exercise of such rights or exercise of any other rights, nor cause
Party B to bear obligations or liabilities to Party A.

    

    Even if
Party B fails to exercise or delays in exercising any rights under the principal
contracts or fails to exhaust any remedies under the principal contracts, Party
A's guarantee liability hereunder shall not be reduced or released. However,
Party A's guarantee liability hereunder shall be reduced or released accordingly
if Party B reduces or releases the obligations under the principal
contracts.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
            	
              VI.

            	
              Dissolution
      or Bankruptcy of Debtor

            

    

    If Party
A becomes aware of dissolution or bankruptcy proceedings against the debtor, it
shall promptly inform Party B to report is claims. Meanwhile, it shall take part
in such dissolution or bankruptcy proceedings in a timely manner for
pre-exercising its recourse rights. If Party A becomes aware of, or should have
become aware of, such dissolution or bankruptcy proceedings, but if it fails to
pre-exercise its recourse rights in a timely manner, it shall bear losses caused
to it arising therefrom.

    

    Notwithstanding
the provision of the second paragraph of V of this Article, if Party B and the
debtor enter into an arrangement or agree on restructuring plans in the
bankruptcy proceedings against the debtor, Party B's rights hereunder shall not
be damaged by virtue of any such arrangement or restructuring plans, and whereby
Party A's guarantee liability hereunder shall not be reduced or released. Party
A shall not defense against Party B's claims based on any such arrangement or
restructuring plans. Party B shall have the right to request Party A to pay off
the claims that have been compromised by Party B in any such arrangement or
restructuring plans, but not paid by the debtor.

    

    
      	
            	
              VII.

            	
              Dissolution
      or Bankruptcy of Party A

            

    

    If Party
A is dissolved or becomes bankrupt, Party B shall be entitled to take part in
the dissolution or bankruptcy proceedings against Party A, and to report its
claims, even if Party B's claims under the principal contracts do not become
due.

    

    
      	
            	
              VIII.

            	
              Party
      A shall send a timely written notice to Party B specifying any change of
      its mailing address or contact methods, and shall bear any losses arising
      out of its failure to send such notice in a timely
  manner.

            

    

    

    
      	
            	
              IX.

            	
              If
      Party A or the debtor fails to comply with laws, regulations or rules
      concerning environmental protection, energy savings or emission reduction,
      pollution reduction, or may meet energy consumption or pollution risks,
      Party B shall be entitled to perform its guarantees hereunder in advance,
      and to take other remedial measures as provided in this Contract or
      laws.

            

    

    

    
      	
               
      

            	
              X.

            	
              Conditions
      for Effectiveness

            

    

    This
Contract comes into effect after it is signed, or affixed with common seal, by
Party A's legal representative (responsible officer) or authorized agent, and
signed, or affixed with common seal, by Party B's responsible officer or
authorized agent.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              Article
      9

            	
              Representations
      and Warranties by Party A

            

    

    

    
      	
               
      

            	
              I.

            	
              Party
      A has clearly known and understood the scope of business, and authorized
      powers, of Party B.

            

    

    
      	
               
      

            	
              II.

            	
              Party
      A has already read this Contract and all terms of principal contracts.
      Meanwhile, Party B has made interpretation for certain terms of this
      Contract and principal contracts at the request of Party A. And Party A
      has fully known and understood the meanings of, and legal consequences
      that may arise from, the terms of this Contract and principal
      contracts.

            

    

    
      	
            	
              III.

            	
              Party
      A is eligible to act as a guarantor, and its guarantees hereunder conform
      to laws, administrative regulations, rules, and its articles of
      association or internal organization documents. Meanwhile, its guarantees
      hereunder have been approved by its internal authoritative organizations
      and/or authoritative authorities of the State. Party A shall be liable for
      all liabilities arising out of unauthorized execution of this Contract by
      it, including but not limited to full indemnifications for the losses
      caused to Party B.

            

    

    
      	
            	
              IV.

            	
              Party
      A confirms that it has fully known and understood the assets, obligations,
      operation, credit and reputation of the debtor, and eligibility and
      authorities of the debtor to sign the principal contracts, and all
      contents contained in the principal
contracts.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Special
Terms and Conditions

    

    This
Maximum Guarantee Contract is numbered as “2009 Jian
Quan Shi Gao Bao Zi, No. 50”.

    

    
      	
              Article
      10

            	
              Particulars
      of Contractors

            

    

    

    Guarantor
(Party A): Shishi Lixiang Foods Co., Ltd.

    Residence:
Industrial Zone, Yongning Gold Coast, Shishi City

    Zip Code:
362700

    Legal
Representative (Responsible Officer): Wu Pingjing

    Fax:
0595-88482568

    Tel:
13805981068

    

    Creditor
(Party B): Shishi Branch of China Construction Bank

    Residence:
No. 1865, 87 Road, Shishi City

    Zip Code:
362700

    Responsible
Officer: Chen Yixin

    Fax:
0595-88595137

    Tel:
0595-88595195

    

    Whereas,
Party B and the Debtor will sign and/or have signed RMB borrowing contracts,
foreign exchange borrowing contracts, bank acceptance agreements, L/C opening
contracts, L/G issuance agreements and/or other legal documents for consecutive
credit business under (I), (II), (III) and
(V) below in favor of Shishi Feiying Plastic Co.,
Ltd. (“Debtor”)
from September 09,
2009 to September 09, 2011
(“Period for Determining
Claims”). The above contracts, agreements and/or other legal documents
signed in the Period for Determining Claims shall be collectively referred as
“Principal
Contracts”.

    

    
      	
              (I)

            	
              Issue
      loans in RMB/foreign exchanges;

            

    

    
      	
              (II)

            	
              Accept
      commercial drafts;

            

    

    
      	
              (III)

            	
              Open
      L/C;

            

    

    
      	
              (IV)

            	
              Issue
      L/G;

            

    

    
      	
              (V)

            	
              Other
      credit business: domestic factoring,
      trade financing facility.

            

    

    

    Party A
is willing to grant the Maximum Guarantee for all of the Debtor's obligations
under the Principal Contracts. This Contract is entered into by Party A and
Party B in accordance with applicable laws, regulations and rules through
negotiation for common compliance.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              Article
      11

            	
              Provisions
      for II of Article 1

            

    

    The
maximum amount under the Maximum Guarantee hereunder shall be RMB Thirty-three Million
(in words) only. If Party A has performed its guarantee obligations pursuant to
this Contract, such maximum amount shall be reduced accordingly based on the
amount paid.

    

    
      	
              Article
      12

            	
              Provisions
      for I of Article 6

            

    

    If the
Debtor fails to perform its obligations in full on time after the obligations
under the Principal Contracts become due or Party B declares such obligations to
become due earlier pursuant the Principal Contracts or laws, or if the Debtor
breaches other provisions of the Principal Contracts, Party A shall bear
guarantee liability to the extent of its guarantees hereunder.

    

    If Party
A fails to clear all of the payables within the time limit as required by Party
B, it shall pay to Party B liquidated damages at 5% of the outstanding payables
in arrears on a daily basis from the overdue date to the date when Party A has
paid all the payables to Party B. In such case, Party A's guarantee liability
and the above liquidated damages shall not be limited to the Maximum Guarantee
hereunder.

    

    
      	
              Article
      13

            	
              Dispute
      Resolutions

            

    

    Any
dispute arising out of performance of this Contract may be resolved through
negotiation by the parties hereto; if not reached, any such dispute shall be
resolved subject to the method as specified in   i
 below:

    
      	
               
      

            	
              i.

            	
              To
      be judged and resolved by the People's Court at the location of Party
      B;

            

    

    
      	
               
      

            	
              ii.

            	
              To
      be arbitrated by                       
      arbitration commission in                        
      in accordance with its rules in force and effect at the time of
      applying for arbitration; the awards shall be final and binding upon the
      parties.

            

    

    

    During
the lawsuit or arbitration, the terms and conditions not involved in the dispute
shall be continued to be performed.

    

    
      	
              Article
      14

            	
              This
      Contract is made in three
      counterparts.

            

    

    

    
      	
              Article
      15

            	
              Miscellaneous

            

    

    The guaranteed claims
hereunder shall cover the claims arising from all credit businesses such as
current asset loans, bank acceptance drafts, domestic factoring, domestic L/C
and trade financing facilities, issued to the Debtor by Party B during the
period as specified in this Contract. Borrowing contracts, bank acceptance
agreements, trade financing facility contracts, recourse-related domestic
factoring contracts shall be the Principal Contracts to this Contract. Party B
shall exercise the guarantees to the extent of the Maximum Guarantee hereunder.
However, the actual balance of the claims between Party B and the Debtor shall
not be limited up to such Maximum Mortgage.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Party A
(common seal): Shishi Lixiang Foods Co., Ltd.

    

    Signed by
Legal Representative (Responsible Officer)

    or
Authorized Agent: Wu Pingjing

    September
09, 2009

    

    Party B
(common seal): China Construction Bank Shishi Branch

    Signed by
Responsible Officer or Authorized Agent:

    September
09, 2009

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