Document:

Supply
      Contract

    

    Contract No.: YD4080402

    Signing Place: Anzhen Town, Wuxi

    

    Party
      A:
      Jiangsu Yadea Science & Technology Development Co., Ltd. 

    Party
      B:
      Changxing Chisen Electric Co., Ltd. 

    

    Validity
      period of this Contract: January
      1, 2008
      through
January
      1, 2009
      (after
      the expiration of this Contract and prior to the signing of new contract, if
      both parties have business to be continued, this Contract shall continue to
      be
      effective).

    

    After
      friendly consultation and in the principle of mutual benefit and common
      development, both parties hereby enter into this Contract and hereby agree
      as
      follows:

    

    I
      Party A
      shall provide Party B will the following products:

    

    
      	
              Order

            	 	
              Product Name

            	 	
              Specification

            	 	
              Unit

            	 	
              Unit Price

            	 	
              Remarks

            
	
              1

            	 	
              Lead-acid battery 

            	 	
              48V10AH

            	 	
              Set

            	 	 	 	
              4 batteries each set

            
	
              2

            	 	
              Lead-acid battery

            	 	
              48V12AH

            	 	
              Set

            	 	 	 	
              4 batteries each set

            
	
              3

            	 	
              Lead-acid battery

            	 	
              48V16AH

            	 	
              Set

            	 	 	 	
              4 batteries each set

            
	
              4

            	 	
              Lead-acid battery

            	 	
              48V20AH

            	 	
              Set

            	 	 	 	
              4 batteries each set

            

    

    

    II
      In the
      event of rise or fall in price pf raw materials, both parties agree to carry
      out
      the new price after consultation. 

    

    III
      Packing Method:

    

    
      	
              1.

            	
              Packed
                with carton, with product name, quantity, specification clearly marked
                outside.

            

    

    
      	
              2.

            	
              Upon
                the request by Party A, Party B may provide special package but the
                costs
                arising therefrom should be born by Party
                A.

            

    

    

    IV
      Quality Warranty

    

    Party
      B
      shall provide Party A with the battery in compliance with Party A's requirement
      as detailed in the quality and technical agreement entered into between both
      parties. 

    

    V
      Supply
      Service 

    

    
      	
              1.

            	
              Party
                B shall provide Party A with the products at its lowest price, otherwise,
                Party B shall make compensation for Party A ten times the values
                of all
                products supplied previously.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              2.

            	
              Party
                B shall return Party A’s order within 6 hours after its receipt, or it
                shall be deemed that Party B accepts all contents thereon.
                

            

    

    
      	
              3.

            	
              The
                delivery time, specific product name and specification shall be subject
                to
                the purchase order.

            

    

    
      	
              4.

            	
              If
                Party A stops production as a result of Party B’s delayed supply of goods,
                Party B shall compensate Party A according to the standard of RMB2,000
                per
                hour.

            

    

    
      	
              5.

            	
              In
                the event of change of order, Party A shall give Party B a notice
                of two
                days.

            

    

    
      	
              6.

            	
              If
                Party B’s products can’t meet Party A/s technical standard, such products
                should be depreciated by 5%~10% of such lot upon the consent of Party
                A.
                For three continuous unconformity, Party A will suspend Party B’s supply
                of goods and Party B shall compensate Party A for all its losses
                arising
                therefrom. 

            

    

    
      	
              7.

            	
              Party
                B shall hold in confidentiality Party A’s special requirements for goods
                and may not provide the related information to other party; otherwise,
                Party B shall compensate Party A for all its losses arising
                therefrom.

            

    

    
      	
              8.

            	
              Party
                B shall supply the goods to Party A in accordance with the quantity
                required. The products that Party A does not want may be returned
                to Party
                B. If Party B fails to supply Party A the products wanted, it shall
                compensate Party A for all its losses arising
                therefrom.

            

    

    
      	
              9.

            	
              The
                Party B’s supply time error may not exceed 5 days.
                

            

    

    

    VI
      Transportation: Party B shall deliver the products to Party A’s warehouse and
      bear the expenses arising therefrom.

    

    VI
      After-sale Service: 

    

    (i)
      

    
      	
              1.

            	
              48V10AH
                battery should have 15
                months
                of warranty period and should be replaced for free if found defective
                within 8
                months, or maintained for free if found defective within 8
                to 15
                months. 

            

    

    
      	
              2.

            	
              48V12AH
                battery should have 15
                months
                of warranty period and should be replaced for free if found defective
                within 8
                months, or maintained for free if found defective within 8
                to 15
                months.

            

    

    
      	
              3.

            	
              48V16AH
                battery should have 15
                months
                of warranty period and should be replaced for free if found defective
                within 8
                months, or maintained for free if found defective within 8
                to 15
                months.

            

    

    
      	
              4.

            	
              48V20AH
                battery should have 15
                months
                of warranty period and should be replaced for free if found defective
                within 8
                months, or maintained for free if found defective within 8
                to 15
                months.

            

    

    
      	
              5.

            	
              48V20AH
                (electric motorcycle) battery should have 11
                months
                of warranty period and should be replaced for free if found defective
                within 6 months, or maintained for free if found defective within
                6
                to 11
                months.

            

    

    

    (ii)
      Party B shall be liable for after-sale service to all batteries used in Party
      A’s entire vehicle since the date of leaving factory.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (iii)
      For
      the places in which Party B has no direct after-sale service and so entrusts
      Party A, Party B shall bear all expenses arising therefrom. 

    

    VIII
      Payment 

    

    
      	
              1.

            	
              For
                each payment, Party A shall deduct 10% of the money as after-sale
                security, until such deduction reaches to RMB300,000. Such security
                should
                be paid off upon the expiration of the warranty period of last lot
                of
                products. 

            

    

    
      	
              2.

            	
              Party
                A shall pay Party B the money on the 30th
                day of the month in which Party B supplies goods. The last payment
                should
                be paid in full within 1 month after Party B’s stopping of supply.
                

            

    

    

    IX
      Party
      A shall be entitled to require Party B to develop relevant accessories prior
      to
      the termination of this Contract. 

    

    X
      Without
      the consent of Party A, Party B may not bilaterally stop the supply; otherwise
      it shall compensate Party A for all its losses arising therefrom.

    

    XI
      Miscellaneous

    

    
      	
              1.

            	
              The
                products supplied by Party B to Party A may not offend the intellectual
                property of other party.

            

    

    
      	
              2.

            	
              Trademark:
                if Party A entrusts Party B to print the words “Yadea” or “”,
                Party B shall ensure such marked products only to be sold to Party
                A;
                otherwise, Party B shall pay Party A default fine of RMB100,000 for
                each
                time of default. 

            

    

    

    XII
      Change of Contract 

    

    This
      Contract may be changed by both parties after consultation in writing.

    

    XIV
      For
      matters not mentioned herein, the Contract Law shall govern. 

    

    XV
      This
      Contract shall be executed in two copies, one for each party. 

    

    Party
      A:
      Jiangsu Yadea Science & Technology Development Co., Ltd. (seal)

    Signature:   
      /s/ Authorized Representative 

    Date:
      April 20, 2008

    

    Party
      B:
      Changxing Chisen Electric Co., Ltd. (seal)

    Signature:
      /s/ Authorized Representative 

    Date:
      April 22, 2008Sales
      Contract of Battery

    

    Supplier
      :
Changsheng
      Chisen Electric Co., Ltd. (Party A)

     

    Buyer
      :
Hu
      Qinzhong, Yancheng
      Office (Party B)

     

    Contract
      No.:2007-11-10

    Time
      of
      signing: November 10th, 2007

    

    The
      parties have agreed and entered into this contract after friendly consultations
      in accordance with the Contract Law of the Peoples Republic of China and related
      regulations.

     

    Article
      1
      Validity Period of the Contract: From November 10th, 2007 to December
      31st,
      2008

    

    Article
      2
      Purchase of Product

    The
      Buyer
      shall deliver the purchase order in writing to the Supplier describing the
      product name, specification, quantity, packaging, and delivery time. The
      purchase order shall only be valid after being sealed or signed and can be
      delivered in facsimile or correspondence. The Supplier shall deliver the goods
      within 7 days after it receives and confirms the order. The annexes to this
      Contract include the purchase order and the delivery bill with the signature
      of
      the buyer.

    

    Article
      3
      Delivery

    The
      Supplier shall be responsible for the delivery, with the transportation expense
      included in the price.

    

    Article
      4
      Quality Requirement

    The
      quality of the products provided by the Supplier shall meet the requirement
      of
      industrial standard JB/T10262-2001.

    

    Article
      5
      Inspection Method

    The
      Buyer
      shall inspect the products in accordance with the industrial standard and the
      purchase order on the date of receipt, and sign and seal on the delivery
      bill.

    

    Article
      6
      Payment

    1.
      Delivery
      against payment 

    2.
      The
      Buyer shall transfer the payment to the designated account of the Supplier
      and
      cannot transfer to other account or make the payment in cash without consent
      from the Supplier. Payment in cash under special circumstance shall be made
      with
      the Supplier’s authorization; otherwise, the Buyer shall bear the liability.

    

    Article
      7
      Regional Sales Target 

    
      	1.	
              Sales
                domain: Yancheng

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	2.	
              Sales
                target for the first three months

            

    

    

      
        	
                Month

              	 	
                November

              	 	
                December

              	 	
                January
                  

              
	
                Sale

              	 	
                800,000

              	 	
                1000,000

              	 	
                1200,000

              

      

    

     

    
      	3.	
              The
                trial period is the first three months after the Contract is conducted.
                Where Party B can not complete the targets for the first three months
                or
                the minimal sales volume, Party A is entitled to cancel Party B’s right of
                general dealer.

            

    

    
      	4.	
              Half
                year after the Contract is conducted, Party A is entitled to make
                adjustment to the sales volume in accordance with the market and
                discuss
                new sales target with Party B.

            

    

    
      	5.	
              Others

            

    

    a
      If
      Party B completes the month target, Party A shall provide to Party B 2.5%
      commission for advertising expense each month

    b
      If the
      Party B’s payment to Party A exceeds 1 million yuan, Party A shall offer Party B
      5000 yuan as labor fee.

    

    Article
      8
      After-sales Service

    Service
      and test standards are provided in Party A’s Quality & Technology Agreement.
      Under the principle of proximity, local office of Party A is responsible for
      the
      after-sales service of the products distributed by Party B (battery test,
      judgment, change or return) and the training for Party B’s maintenance staff.
      Both parties shall build together the brand image of Chisen
      battery.

    

    Article
      9
      Breach Liability

    The
      Party
      in breach shall be liable for the breach in accordance with the Contract
      Law.

    

    Article
      10 Settlement of Dispute

    
      	1.	
              Any
                dispute arising during the execution of this Contract shall be settled
                through negotiation. If no settlement is reached, the dispute shall
                be
                submitted to People’s Court
                where the Supplier locates.

            

    

    
      	2.	
              This
                Contract comes into effect after being signed /sealed by both parties.
                During the execution of this Contract, neither party may change or
                cancel
                this Contract.

            

    

    
      	3.	
              Any
                other matters unspecified in this Contract could be solved by signing
                a
                supplementary agreement. The supplementary agreement and this contract
                are
                equally valid

            

    

    

    Article
      11 Others 

    
      	1.	
              The
                batteries that Party A sells to Party B are goods with strict guarantee
                period and shall be assembled and sold
                timely

            

    

    
      	2.	
              Party
                B ensures that it sells the Products provided by Party A at price
                not
                lower than the manufacturer's price within its domain.
                

            

    

    
      	3.	
              This
                Contract shall enter into effect after being signed
                /sealed by both parties. During the execution of this Contract, neither
                party may change the term of the Contract. The Contract is made in
                duplicate, with each party holding
                one.

            

    

    
      	4.	
              The
                price of this Contract may be adjusted with the market. Variation
                and
                shall be set after confirmed by both
                Parties.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	5.	
              The
                product manual shall be provided to users. Installation, use or
                maintenance shall strictly comply with the product manual.
                

            

    

    
      	6.	
              Any
                unsettled case shall be solved through
                negotiation..

            

    

    

    Party
      A:
      Changxing Chisen Electric Co., Ltd.(seal)

    /s/
      Authorized Representative 

    

    Party
      B:
      Hu Qinzhong     /s/
      Authorized Representative 

    November
      10th, 2007

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