Document:

OPTION
      AGREEMENT 

    (English
      Translation)

     

    

    This
      Option Agreement (this “Agreement”) is entered into as of August 25, 2006,
      between and among Shiming (Xi’an) Enterprise Management & Consutling Co.,
      Ltd. a company incorporated under the laws of the People’s Republic of China,
      located at No. 2, 12th
      Floor,
      Gaoxin 2nd
      Road,
      Shaanxi Security Plaza, Xi’an High Tech and New Technology Development Zone,
      Xi’an, Shaanxi Province,, China 710075, (“Party
      A”),
      and
      Shaanxi Shiming Science & Technology Joint Stock Co., Ltd., a joint stock
      limited liability company organized under the laws of the PRC (“Party B”), and
      the shareholders of Party B listed in Annex
      1
      hereto.
      In this Agreement, Party A, Party B, and Party C are referred to collectively
      in
      this Agreement as the “Parties” and each of them is referred to as a “Party”.

     

    

    RECITALS

    

    
      	
              1.

            	
              Party
                A is a company incorporated in Xi’an, China under the laws of the People’s
                Republic of China, which has the technological expertise in development
                and sales of consumer electronics;

            

    

     

    
      	
              2.

            	
              Party
                B is a high tech company incorporated in Xi’an, China, and is engaged in
                development and sales of consumer electronics, and through its majority
                owned subsidiary, Shenzhen Seathan Technology Co., Ltd. (“Seathan
                Technology”), designs and manufactures high-definition televisions and
                computer monitors (the “Business”);

            

    

     

    
      	
              3.

            	
              Party
                C is comprised of holders of substantially all of the issued and
                outstanding shares of Party B (“Equity Interest”);
                

            

    

     

    
      	
              4.

            	
              Party
                A and Party B have entered into a certain Consulting Agreement
                concurrently with this Agreement, which grants Party A management
                power,
                authority, control and beneficial ownership of the business of Party
                B;
                

            

    

     

    
      	
              5.

            	
              Party
                A and Party B have also concurrently entered into an Operating Agreement
                which further defines the rights and powers of Party A with respect
                to the
                business of Party B; 

            

    

    

    
      	
              6.

            	
              Party
                A, Party B and Party C have also concurrently entered into an Pledge
                Agreement pursuant to which Party C has pledged all right title and
                interest in their shares of Party B to Party A;

            

    

    

    
      	
               7.

            	
              The
                Parties are entering into this Option Agreement in conjunction with
                the
                Pledge Agreement, Consulting Services Agreement, Operating Agreement,
                and
                related agreements. 

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    NOW,
      THEREFORE,
      the
      Parties to this Agreement hereby agree as follows: 

     

    
      	
              1.

            	
              Purchase
                and Sale of Equity Interest 

            

    

     

    
      	
               

            	
              1.1

            	
              Grant
                of Rights.
                Party C and Party D (hereafter collectively the “Transferor”)
                hereby irrevocably grants to Party A an option to purchase or cause
                any
                person designated by Party A (“Designated Persons”) to purchase, to the
                extent permitted under PRC Law, according to the steps determined
                by Party
                A, at the price specified in Section 1.3 of this Agreement, at any
                time
                from the Transferor a portion or all of the equity interests held
                by
                Transferor in Party B (the “Option”).
                No Option shall be granted to any third party other than Party A
                and/or
                the Designated Persons. Party B hereby agrees to the granting of
                the
                Option by Party C to Party A and/or the Designated Persons. The “person”
                set forth in this clause and this Agreement means an individual person,
                corporation, joint venture, partnership, enterprise, trust or a
                non-corporation organization. 

            

    

    

    
      	
               

            	
              1.2

            	
              Exercise
                of Rights.
                According to the stipulations of PRC laws and regulation, Party A
                and/or
                the Designated Persons may exercise Option by issuing a written notice
                (the “Notice”)
                to the Transferor and specifying the equity interest purchased from
                Transferor (the “Purchased
                Equity Interest”)
                and the manner of purchase. 

            

    

     

    
      	
               

            	
              1.3

            	
              Purchase
                Price.
                

            

    

     

    
      	
               

            	
              1.3.1

            	
              For
                Party A to exercise the Option, the purchase price of the Purchased
                Equity
                Interest (“Purchase
                Price”)
                shall be equal to the original paid-in price of the Purchased Equity
                Interest by the Transferor, unless the applicable PRC laws and regulations
                require appraisal of the equity interests or stipulate other restrictions
                on the purchase price of equity interests.

            

    

     

    
      	
               

            	
              1.3.2

            	
              If
                the applicable PRC laws require appraisal of the equity interests
                or
                stipulates other restrictions on the purchase price of the Equity
                Interest
                at the time that Party A exercise the Option, the Parties agree that
                the
                Purchase Price shall be set at the lowest price permissible under
                the
                applicable laws. 

            

    

    

    
      	
               

            	
              1.4

            	
              Transfer
                of the Purchased Equity Interest.
                Upon each exercise of the Option rights under this
                Agreement:

            

    

    

    
      	
               

            	
              1.4.1

            	
              One
                or more members of Party C shall convene a shareholders’ meeting, or cause
                such meeting to be convened. During the meeting, the resolutions
                shall be
                proposed, approving the transfer of the appropriate Equity Interest
                to
                Party A and/or the Designated Persons;

            

    

     

    
      	
               

            	
              1.4.2

            	
              The
                Transferor shall, upon the terms and conditions of this Agreement
                and the
                Notice related to the Purchased Equity Interest, enter into Equity
                Interest purchase agreement in a form reasonably acceptable to Party
                A,
                with Party A and/or the Designated Persons (as applicable);
                

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               

            	
              1.4.3

            	
              The
                related parties shall execute all other requisite contracts, agreements
                or
                documents, obtain all requisite approval and consent of the government,
                conduct all necessary actions, without any security interest, transfer
                the
                valid ownership of the Purchased Equity Interest to Party A and/or
                the
                Designated Persons, and cause Party A and/or the Designated Persons
                to be
                the registered owner of the Purchased Equity Interest. In this clause
                and
                this Agreement, “Security Interest” means any mortgage, pledge, the right
                or interest of the third party, any purchase right of equity interest,
                right of acquisition, right of first refusal, right of set-off, ownership
                detainment or other security arrangements, however, it does not include
                any security interest created under the Equity Pledge Agreement.
                

            

    

     

    
      	
               

            	
              1.5

            	
              Payment.
                The payment of the Purchase Price shall be determined by the consultation
                of Party A and/or the Designated Persons with the Transferor according
                to
                the applicable laws at the time of exercise of the Option.
                

            

    

     

    
      	
              2.

            	
              Promises
                Relating Equity Interest.  

            

    

     

    
      	
               

            	
              2.1

            	
              Promises
                Related to Party B.
                Party B and Party C hereby promise:

            

    

     

    
      	
               

            	
              2.1.1

            	
              Without
                prior written consent by Party A, not, in any form, to supplement,
                change
                or renew the Articles of Association of Party B, to increase or decrease
                registered capital of the corporation, or to change the structure
                of the
                registered capital in any other forms;

            

    

     

    
      	
               

            	
              2.1.2

            	
              According
                to customary fiduciary standards applicable to managers with respect
                to
                corporations and their shareholders, to maintain the existence of
                the
                corporation, prudently and effectively operate the
                business;

            

    

     

    
      	
               

            	
              2.1.3

            	
              Without
                prior written consent by Party A, not, upon the execution of this
                Agreement, to sell, transfer, mortgage or dispose, in any other form,
                any
                asset, legitimate or beneficial interest of business or income of
                Party B,
                or encumber or approve any encumbrance or imposition of any security
                interest on Party A’s assets; 

            

    

     

    
      	
               

            	
              2.1.4

            	
              Without
                prior written notice by Party A, not issue or provide any guarantee
                or
                permit the existence of any debt, other than (i) the debt arising
                from
                normal or daily business but not from borrowing; and (ii) the debt
                disclosed to Party A and obtained the written consent from Party
                A;
                

            

    

     

    
      	
               

            	
              2.1.5

            	
              To
                normally operate all business to maintain the asset value of Party
                B,
                without taking any action or failing to take any action that would
                result
                in a material adverse effect on the business or asset value of Party
                B;
                

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               

            	
              2.1.6

            	
              Without
                prior written consent by Party A, not to enter into any material
                agreement, other than agreements in the ordinary course of business
                (for
                purposes of this paragraph, if the amount of the Agreement involves
                an
                amount that exceeds a hundred thousand Yuan (RMB 100,000) the agreement
                shall be deemed material); 

            

    

     

    
      	
               

            	
              2.1.7

            	
              Without
                prior written consent by Party A, not to provide loan or credit loan
                to
                any others; 

            

    

     

    
      	
               

            	
              2.1.8

            	
              Upon
                the request of Party A, to provide all materials of operation and
                finance
                relevant to Party B; 

            

    

     

    
      	
               

            	
              2.1.9

            	
              Purchases
                and holds the insurance from the insurance company accepted by Party
                A,
                the insurance amount and category shall be the same with those held
                by the
                companies in the same industry or field, operating the similar business
                and owning the similar properties and assets as Party B;
                

            

    

     

    
      	
               

            	
              2.1.10

            	
              Without
                prior written consent by Party A, not to merge or associate with
                any
                person, or acquire or invest in any person;

            

    

     

    
      	
               

            	
              2.1.11

            	
              To
                notify Party A of the occurrence or the potential occurrence of the
                litigation, arbitration or administrative procedure related to the
                assets,
                business and income of Party B; 

            

    

     

    
      	
               

            	
              2.1.12

            	
              In
                order to keep the ownership of Party B to all its assets, to execute
                all
                requisite or appropriate documents, take all requisite or appropriate
                actions, and pursue all appropriate claims, or make requisite or
                appropriate pleas for all claims; 

            

    

     

    
      	
               

            	
              2.1.13

            	
              Without
                prior written notice by Party A, not to assign equity interests to
                shareholders in any form; however, Party A shall distribute all or
                part of
                its distributable profits to their own shareholders upon request
                by Party
                A; 

            

    

     

    
      	
               

            	
              2.1.14

            	
              According
                to the request of Party A, to appoint any person designated by Party
                A to
                be the directors of Party B. 

            

    

     

    
      	
               

            	
              2.2

            	
              Promises
                Related to Transferor.
                Party C hereby promises: 

            

    

     

    
      	
               

            	
              2.2.1

            	
              Without
                prior written consent by Party A, upon the execution of this Agreement,
                not to sell, transfer, mortgage or dispose in any other form any
                legitimate or beneficial interest of equity interest, or to approve
                any
                other security interest set on it, with the exception of the pledge
                set on
                the equity interest of the Transferor subject to Equity Pledge Agreement;
                

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               

            	
              2.2.2

            	
              Without
                the prior written notice by Party A, not to decide or support or
                execute
                any shareholder resolution at any shareholder meeting of Party B
                that
                approves any sale, transfer, mortgage or dispose of any legitimate
                or
                beneficial interest of equity interest, or allows any other security
                interest set on it, other than the pledge on the equity interests
                of
                Transferor pursuant to Equity Pledge Agreement;

            

    

     

    
      	
               

            	
              2.2.3

            	
              Without
                prior written notice by Party A, the Parties shall not agree or support
                or
                execute any shareholders resolution at any shareholder meeting of
                Party B
                that approves Party B’s merger or association with any person, acquisition
                of any person or investment in any person;

            

    

     

    
      	
               

            	
              2.2.4

            	
              To
                notify Party A the occurrence or the potential occurrence of the
                litigation, arbitration or administrative procedure related to the
                equity
                interest owned by them; 

            

    

     

    
      	
               

            	
              2.2.5

            	
              To
                cause the Board of Directors of Party B to approve the transfer of
                the
                Purchased Equity Interest subject to this Agreement;
                

            

    

     

    
      	
               

            	
              2.2.6

            	
              In
                order to keep its ownership of the equity interest, to execute all
                requisite or appropriate documents, conduct all requisite or appropriate
                actions, and make all requisite or appropriate claims, or make requisite
                or appropriate defend against fall claims of compensation;
                

            

    

     

    
      	
               

            	
              2.2.7

            	
              Upon
                the request of Party A, to appoint any person designated by Party
                A to be
                the directors of Party B; 

            

    

     

    
      	
               

            	
              2.2.8

            	
              Upon
                the request of Party A at any time, to transfer its Equity Interest
                immediately to the representative designated by Party A unconditionally
                at
                any time and abandon its prior right of first refusal of such equity
                interest transferring to another available shareholder;
                

            

    

     

    
      	
               

            	
              2.2.9

            	
              To
                prudently comply with the provisions of this Agreement and other
                Agreements entered into collectively or respectively by the Transferor,
                Party B and Party A and perform all obligations under these Agreements,
                without taking any action or any nonfeasance that sufficiently affects
                the
                validity and enforceability of these Agreements;
                

            

    

     

    
      	
              3.

            	
              Representations
                and Warranties.
                As of the execution date of this Agreement and every transferring
                date,
                Party B and Party C hereby represent and warrant collectively and
                respectively to Party A as follows:

            

    

     

    
      	
               

            	
              3.1

            	
              It
                has the power and ability to enter into and deliver this Agreement,
                and
                any equity interest transferring Agreement (“Transferring
                Agreement,”
                respectively) having it as a party, for every single transfer of
                the
                Purchased Equity Interest according to this Agreement, and to perform
                its
                obligations under this Agreement and any Transferring Agreement.
                Upon
                execution, this Agreement and the Transferring Agreements having
                it as a
                party will constitute a legal, valid and binding obligation of it
                enforceable against it in accordance with its terms;
                

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               

            	
              3.2

            	
              The
                execution, delivery of this Agreement and any Transferring Agreement
                and
                performance of the obligations under this Agreement and any Transferring
                Agreement will not: (i) cause to violate any relevant laws and regulations
                of PRC; (ii) constitute a conflict with its Articles of Association
                or
                other organizational documents; (iii) cause to breach any Agreement
                or
                instruments to which it is a party or having binding obligation on
                it, or
                constitute the breach under any Agreement or instruments to which
                it is a
                party or having binding obligation on it; (iv) cause to violate relevant
                authorization of any consent or approval to it and/or any continuing
                valid
                condition; or (v) cause any consent or approval authorized to it
                to be
                suspended, removed, or into which other requests be
                added;

            

    

     

    
      	
               

            	
              3.3

            	
              The
                shares of Party B are transferable, and Party B has not permitted
                or
                caused any security interest to be imposed upon the shares of Party
                B.
                

            

    

     

    
      	
               

            	
              3.4

            	
              Party
                B does not have any unpaid debt, other than (i) debt arising from
                its
                normal business; and (ii) debt disclosed to Party A and obtained
                by
                written consent of Party A; 

            

    

     

    
      	
               

            	
              3.5

            	
              Party
                B has complied with all PRC laws and regulations applicable to the
                acquisition of assets and securities in connection with this Agreement;
                

            

    

     

    
      	
               

            	
              3.6

            	
              No
                litigation, arbitration or administrative procedure relevant to the
                Equity
                Interests and assets of Party B or Party B itself is in process or
                to be
                settled and the Parties have no knowledge of any pending or threatened
                claim; 

            

    

     

    
      	
               

            	
              3.7

            	
              The
                Transferor bears the fair and salable ownership of its Equity Interest
                free of encumbrances of any kind, other than the security interest
                pursuant to the Equity Pledge Agreement.

            

    

     

    
      	
              4.

            	
              Assignment
                of Agreement 

            

    

     

    
      	
               

            	
              4.1

            	
              Party
                B and Party C shall not transfer their rights and obligations under
                this
                Agreement to any third party without the prior written consent of
                the
                Party A. 

            

    

     

    
      	
               

            	
              4.2

            	
              Party
                B and Party C hereby agree that Party A shall be able to transfer
                all of
                its rights and obligation under this Agreement to any third party
                with its
                needs, and such transfer shall only be subject to a written notice
                sent to
                Party B and Party C by Party A, and no any further consent from Party
                B
                and Party C will be required. 

            

    

     

    
      	
              5.

            	
              Effective
                Date and Term 

            

    

     

    
      	
               

            	
              5.1

            	
              This
                Agreement shall be effective as of the date first set forth above.
                

            

    

     

    
      	
               

            	
              5.2

            	
              The
                term of this Agreement is ten (10) years unless the early termination
                in
                accordance with this Agreement or other terms of the relevant agreements
                stipulated by the Parties. This Agreement may be extended according
                to the
                written consent of Party A before the expiration of this Agreement.
                The
                term of extension will be decided unanimously through mutual agreement
                of
                the Parties. 

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               

            	
              5.3

            	
              If
                Party A or Party B terminates by the expiration of its operating
                period
                (including any extended period) or other causes in the term set forth
                in
                Section 5.2, this Agreement shall be terminated simultaneously, except
                Party A has transferred its rights and obligations in accordance
                with
                Section 4.2 of this Agreement. 

            

    

     

    
      	
              6.

            	
              Applicable
                Law and Dispute Resolution 

            

    

     

    
      	
               

            	
              6.1

            	
              Applicable
                Law.
                The execution, validity, construing and performance of this Agreement
                and
                the resolution of disputes under this Agreement shall be governed
                by the
                laws of PRC. 

            

    

     

    
      	
               

            	
              6.2

            	
              Dispute
                Resolution.
                The parties shall strive to settle any dispute arising from the
                interpretation or performance in connection with this Agreement through
                friendly consultation. In case no settlement can be reached through
                consultation within thirty (30) days after such dispute is raised,
                each
                party can submit such matter to China International Economic and
                Trade
                Arbitration Commission (the “CIETAC”) in accordance with its rules.
                Arbitration shall take place in Beijing and the proceedings shall
                be
                conducted in Chinese. Any resulting arbitration award shall be final
                conclusive and binding upon both
                parties.

            

    

     

    
      	
              7.

            	
              Taxes
                and Expenses.
                Each Party shall, according to the PRC laws, bear any and all registering
                taxes, costs and expenses for equity transfer arising from the preparation
                and execution of this Agreement and all Transferring Agreements,
                and the
                completion of the transactions under this Agreement and all Transferring
                Agreements. 

            

    

     

    
      	
              8.

            	
              Notices.
                Notices or other communications required to be given by any party
                pursuant
                to this Agreement shall be written in English and Chinese and delivered
                personally or sent by registered mail or postage prepaid mail or
                by a
                recognized courier service or by facsimile transmission to the address
                of
                relevant each party or both parties set forth below or other address
                of
                the party or of the other addressees specified by such party from
                time to
                time. The date when the notice is deemed to be duly served shall
                be
                determined as the follows: (a) a notice delivered personally is deemed
                duly served upon the delivery; (b) a notice sent by mail is deemed
                duly
                served the tenth (10th)
                day after the date when the air registered mail with postage prepaid
                has
                been sent out (as is shown on the postmark), or the fourth (4th)
                day after the delivery date to the internationally recognized courier
                service agency; and (c) a notice sent by facsimile transmission is
                deemed
                duly served upon the receipt time as is shown on the transmission
                confirmation of relevant documents. The addresses for notices for
                each
                respective member of Party C shall be as set forth in the shareholder
                records of Party B, and the parties hereto shall at all times be
                entitled
                to rely upon such records for purposes of this Agreement.
                

            

    

      

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              9.

            	
              Confidentiality.
                The Parties acknowledge and confirm any oral or written materials
                exchanged by the Parties in connection with this Agreement are
                confidential. The Parties shall maintain the secrecy and confidentiality
                of all such materials. Without the written approval by the other
                Parties,
                any Party shall not disclose to any third party any relevant materials,
                but the following circumstances shall be
                excluded:

            

    

     

    
      	
               

            	
              a.

            	
              The
                materials that is known or may be known by the general public (but
                not
                include the materials disclosed by each party receiving the materials);
                

            

    

     

    
      	
               

            	
              b.

            	
              The
                materials required to be disclosed subject to the applicable laws
                or the
                rules or provisions of stock exchange; or

            

    

     

    
      	
               

            	
              c.

            	
              The
                materials disclosed by each Party to its legal or financial consultant
                relating the transaction of this Agreement, and this legal or financial
                consultant shall comply with the confidentiality set forth in this
                Section. The disclosure of the confidential materials by staff or
                employed
                institution of any Party shall be deemed as the disclosure of such
                materials by such Party, and such Party shall bear the liabilities
                for
                breaching the contract. This clause shall survive whatever this Agreement
                is invalid, amended, revoked, terminated or unable to implement by
                any
                reason. 

            

    

     

    
      	
              10.

            	
              Further
                Warranties.
                The Parties agree to promptly execute documents reasonably required
                to
                perform the provisions and the aim of this Agreement or documents
                beneficial to it, and to take actions reasonably required to perform
                the
                provisions and the aim of this Agreement or actions beneficial to
                it.
                

            

    

     

    
      	
              11.

            	
              Miscellaneous.
                

            

    

     

    
      	
               

            	
              11.1

            	
              Amendment,
                Modification and Supplement.
                Any amendment and supplement to this Agreement shall only be effective
                is
                made by the Parties in writing. 

            

    

     

    
      	
               

            	
              11.2

            	
              Entire
                Agreement.
                Notwithstanding the Article 5 of this Agreement, the Parties acknowledge
                that this Agreement constitutes the entire agreement of the Parties
                with
                respect to the subject matters therein and supercede and replace
                all prior
                or contemporaneous agreements and understandings in verb or/and in
                writing.

            

    

     

    
      	
               

            	
              11.3

            	
              Severability.
                If any provision of this Agreement is judged as invalid or non-enforceable
                according to relevant Laws, the provision shall be deemed invalid
                only
                within the applicable laws and regulations of the PRC, and the validity,
                legality and enforceability of the other provisions hereof shall
                not be
                affected or impaired in any way. The Parties shall, through fairly
                consultation, replace those invalid, illegal or non-enforceable provisions
                with valid provisions that may bring the similar economic effects
                with the
                effects caused by those invalid, illegal or non-enforceable provisions.
                

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               

            	
              11.4

            	
              Headings.
                The headings contained in this Agreement are for the convenience
                of
                reference only and shall not affect the interpretation, explanation
                or in
                any other way the meaning of the provisions of this Agreement.
                

            

    

     

    
      	
               

            	
              11.5

            	
              Language
                and Copies.
                This Agreement has been executed in Chinese in four (4) duplicate
                originals; each Party holds one (1) original and each duplicate original
                shall have the same legal effect. 

            

    

     

    
      	
               

            	
              11.6

            	
              Successor.
                This Agreement shall bind and benefit the successor of each Party
                and the
                transferee allowed by each Party. 

            

    

     

    
      	
               

            	
              11.7

            	
              Survival.
                Any obligation taking place or at term hereof prior to the end or
                termination ahead of the end of this Agreement shall continue in
                force and
                effect notwithstanding the occurrence of the end or termination ahead
                of
                the end of the Agreement. Article 6, Article 8, Article 9 and Section
                11.7
                hereof shall continue in force and effect after the termination of
                this
                Agreement. 

            

    

     

    
      	
               

            	
              11.8

            	
              Waiver.
                Any Party may waive the terms and conditions of this Agreement in
                writing
                with the signature of the Parties. Any waiver by a Party to the breach
                by
                other Parties within certain situation shall not be construed as
                a waiver
                to any similar breach by other Parties within other situations.
                

            

    

     

    

     

    [SIGNATURE
      PAGE FOLLOWS]

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      the
      parties hereof have caused this Agreement to be executed by their duly
      authorized representatives as of the date first written above. 

     

     

    [Signature
      Page]

    

    
      	PARTY A:	 	Shiming (Xi’an) Enterprise Management &
              Consulting Co., Ltd.
	 	 	 
	 	 	 
	 	 	/s/ Shiming
              Wang                                                    
              
	 	 	Chairman
	 	 	 
	 	 	 
	PARTY B: 	 	Shaanxi Shiming Science & Technology
              Joint Stock Co., Ltd.
	 	 	 
	 	 	 
	 	 	/s/ Shiming
              Wang                                                    
              
	 	 	President

    

     

    
      	PARTY C: 	 	 	 
	 	Shaanxi Meixian Shiming
              Non-Ferrous
              Metallurgy Co., Ltd. (“Meixian”)
	 	Shares of Shiming Company
              owned by
              Meixian 38000000
	 	 	 	 
	 	 	/s/ Shiming
              Wang                                                    
              
	 	 	President

    

     

    
      	 	/s/ Shiming
              Wang                                                               
              
	 	 	Shiming Wang (PRC ID Card
              No.:
              610326570221061)
	 	 	Shares of Shiming Company
              owned by
              Shiming Wang: 12900000
	 	 	 
	 	 	 
	 	/s/ Nairang
              Liu                                                                     
              
	 	 	Nairang Liu (PRC ID Card
              No.:
              610326631127043)
	 	 	Shares of Shiming Company
              owned by
              Nairang Liu: 3470000

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	/s/ Liehua
              Wang                                                                 
              
	 	 	Liehua Wang (PRC ID Card
              No.:
              610421541129002)
	 	 	Shares of Shiming Company
              owned by
              Liehua Wang: 3408800
	 	 	 
	 	 	 
	 	/s/ Genyun
              Qu                                                                     
              
	 	 	Genyun Qu (PRC ID Card No.:
              610421501011001)
	 	 	Shares of Shiming Company
              owned by
              Genyun Qu: 2930000
	 	 	 
	 	 	 
	 	/s/ Rui
              Wang                                                                       
              
	 	 	Rui Wang (PRC ID Card No.:
              610326810124041)
	 	 	Shares of Shiming Company
              owned by
              Rui Wang: 2720000
	 	 	 
	 	 	 
	 	/s/ Ziyuan
              Lu                                                                       
              
	 	 	Ziyuan Lu (PRC ID Card No.:
              610102621205358)
	 	 	Shares of Shiming Company
              owned by
              Ziyuan Lu: 435000
	 	 	 
	 	 	 
	 	/s/ Yan
              Luo                                                                          
              
	 	 	Yan Luo (PRC ID Card No.:
              51012619720106140X)
	 	 	Shares of Shiming Company
              owned by
              Yan Luo: 435000
	 	 	 
	 	 	 
	 	/s/ Cunhu
              Yang                                                                   
              
	 	 	Cunhu Yang (PRC ID Card
              No.:
              610104196210016177)
	 	 	Shares of Shiming Company
              owned by
              Cunhu Yang: 362400
	 	 	 
	 	 	 
	 	/s/ Wanjun Shu
	 	 	Wanjun Shu (PRC ID Card
              No.:
              610124510805001)
	 	 	Shares of Shiming Company
              owned by
              Wanjun Shu: 271800

    

          

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        	 	Attorney-in-fact
                for
                certain shareholders of Party B:
	 	Shiming (Xi’an) Enterprise
                Management & Consulting Co., Ltd.
	 	 
	 	 
	 	/s/ Shiming
                Wang                                                               
                
	 	By: Shiming Wang
	 	 
	 	As attorney-in-fact pursuant
                to
                that certain Power of Attorney, Shareholders’ Voting Rights, Proxy
                Agreement and Covenant Not to Sue dated January 15,
                2006Unassociated Document

    EQUITY
      PLEDGE AGREEMENT

    (English
      Translation)

    

     

    This
      Equity Pledge Agreement (hereinafter this “Agreement”)
      is
      dated August 25, 2006, and is entered into in Xi’an between Shiming (Xi’an)
      Enterprise Management & Consutling Co., Ltd. a company incorporated under
      the laws of the People’s Republic of China, located at No. 2, 12th
      Floor,
      Gaoxin 2nd
      Road,
      Shaanxi Security Plaza, Xi’an High Tech and New Technology Development Zone,
      Xi’an, Shaanxi Province, China 710075, (“Pledgee”),
      and
      each of the shareholders of Party B listed on the signature pages hereto
      (collectively, the “Pledgors”),
      and
      Shaanxi Shiming Science & Technology Joint Stock Co., Ltd. a joint stock
      limited liability organized under the laws of the PRC (“Party
      B”
or
      “Shaanxi
      Shiming”),
      with
      a registered address at No. 2, 12th
      Floor,
      Gaoxin 2nd
      Road,
      Shaanxi Security Plaza, Xi’an High Tech and New Technology Development Zone,
      Xi’an, Shaanxi Province, China 710075. 

     

    RECITALS

     

    1.
       The
      Pledgee is a company incorporated in Xi’an, China under the laws of the People’s
      Republic of China, which has the technological expertise in development and
      sales of consumer electronics. 

    

    2. The
      Pledgors is comprised of holders of substantially all of the issued and
      outstanding shares of Shaanxi Shiming Science & Technology Joint Stock Co.,
      Ltd. a joint stock limited liability organized under the laws of the
      PRC. 

    

    3.
       Pledgee
      and Shaanxi Shiming executed a Consulting Services Agreement (hereinafter
“Consulting
      Services Agreement”
or
      “Services
      Agreement”)
      concurrently herewith. Based on this agreement, Shaanxi Shiming shall pay
      technical consulting and service fees (hereinafter the “Consulting
      Services Fees”
or
      “Services
      Fees”)
      to
      Pledgee for offering consulting and related services. 

    

    4.
       In
      order
      to ensure that Shaanxi Shiming will perform its obligations under the Consulting
      Services Agreement, and the Pledgee can normally collect the Consulting Services
      Fees from Shaanxi Shiming, the Pledgors agree to pledge all their equity
      interest in Shaanxi Shiming as security for the performance of the obligations
      of Shaanxi Shiming under the Consulting Services Agreement and the payment
      of
      Consulting Services Fees under such agreement. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    NOW
      THEREFORE,
      the
      Pledgee, Shaanxi Shiming and the Pledgors through mutual negotiations hereby
      enter into this Agreement based upon the following terms: 

     

    1.
       Definitions
      and Interpretation.
      Unless
      otherwise provided in this Agreement, the following terms shall have the
      following meanings:

    

    1.1 “Pledge”
refers
      to the full content of Section 2 hereunder.

    

    1.2 “Equity
      Interest”
refers
      to all the equity interest in Shaanxi Shiming legally held by the
      Pledgors.

    

    1.3 “Term
      of Pledge”
refers
      to the period provided for under Section 3.2 hereunder.

    

    1.4 “Event
      of Default”
refers
      to any event in accordance with Section 7.1 hereunder.

    

    1.5 “Notice
      of Default”
refers
      to the notice of default issued by the Pledgee in accordance with this
      Agreement.

    

    2.
       Pledge.
      The
      Pledgors agree to pledge their equity interest in Shaanxi Shiming to the Pledgee
      (“Pledged
      Collateral”)
      as a
      security for the obligations of Shaanxi Shiming under the Consulting Services
      Agreement. Pledge under this Agreement refers to the rights owned by the
      Pledgee, who shall be entitled to a priority in receiving payment by the
      evaluation or proceeds from the auction or sale of the equity interest pledged
      by the Pledgors to the Pledgee. 

    

    3.
       Term
      of Pledge.
      

    

    3.1
       The
      Pledge shall take effect as of the date when the Pledge of the equity interest
      under this Agreement is recorded in the Register of Shareholder of Shaanxi
      Shiming. The term of the Pledge shall last till the elapse of two (2) years
      after the obligations under the Consulting Services Agreement will have been
      fulfilled. 

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    3.2
       During
      the term of the Pledge, the Pledgee shall be entitled to vote, control, sell,
      or
      dispose of the pledged assets in accordance with this Agreement in the event
      that Pledgors do not perform their obligation under the Consulting Services
      Agreement and Shaanxi Shiming fails to pay the Consulting Service Fees in
      accordance with the Consulting Services Agreement.

    

    3.3 During
      the term of the Pledge, the Pledgee shall be entitled to collect the dividends
      for the equity interest.

    

    4.  Pledge
      Procedure and Registration

    

    4.1  The
      Pledge under this Agreement shall be recorded in the Register of Shareholders
      of
      Shaanxi Shiming. The Pledgor shall, within 10 days after the date of this
      Agreement, process the registration procedures with Xi’an Administration for
      Industry and Commerce concerning the Pledge.

    

    5.
       Representation
      and Warranties of Pledgors.

    

    5.1 The
      Pledgors are the legal owners of the equity interest pledged.

    

    5.2 The
      Pledgors have not pledged the equity interest to any other party, and or the
      equity interest is not encumbered to any other person except for the Pledgee.
      

    

    6.
       Covenants
      of Pledgors.

    

    6.1 During
      the effective term of this Agreement, the Pledgors promise to the Pledgee for
      its benefit that the Pledgors shall:

    

    6.1.1  Not
      transfer or assign the equity interest, create or permit to create any pledges
      which may have an adverse effect on the rights or benefits of the Pledgee
      without prior written consent from the Pledgee;

     

    6.1.2  Comply
      with and implement laws and regulations with respect to the pledge of rights;
      present to the Pledgee the notices, orders or suggestions with respect to the
      Pledge issued or made by the competent authority within five (5) days upon
      receiving such notices, orders or suggestions; and comply with such notices,
      orders or suggestions; or object to the foregoing matters at the reasonable
      request of the Pledgee or with consent from the Pledgee;

     

    6.1.3  Timely
      notify the Pledgee of any events or any received notices which may affect the
      Pledgor’s equity interest or any part of its right, and any events or any
      received notices which may change the Pledgor’s any warranty and obligation
      under this Agreement or affect the Pledgor’s performance of its obligations
      under this Agreement.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    6.2  The
      Pledgors agree that the Pledgee’s right to the Pledge obtained from this
      Agreement shall not be suspended or inhibited by any legal procedure launched
      by
      the Pledgor or any successors of the Pledgor or any person authorized by the
      Pledgor or any such other person.

     

    6.3  The
      Pledgors promise to the Pledgee that in order to protect or perfect the security
      for the payment of the Services Fees, the Pledgors shall execute in good faith
      and cause other parties who have interests in the Pledge to execute all the
      title certificates, contracts, and perform actions and cause other parties
      who
      have interests to take action, as required by the Pledgee; and make access
      to
      exercise the rights and authorization vested in the Pledgee under this
      Agreement.

     

    6.4  The
      Pledgors promise to the Pledgee that they will execute all amendment documents
      (if applicable and necessary) in connection with any registration of the Pledge
      with the Pledgee or its designated person (natural person or a legal entity),
      and provide the notice, order and decision to the Pledgee by who considers
      to be
      necessary within reasonable time.

     

    6.5  The
      Pledgors promise to the Pledgee that they will comply with and perform all
      the
      guarantees, covenants, warranties, representations and conditions for the
      benefits of the Pledgee. The Pledgors shall compensate all the losses suffered
      by the Pledgee for the reasons that the Pledgors do not perform or fully perform
      their guarantees, covenants, warranties, representations and
      conditions.

     

    
      	7.  	
              Events
                Of Default.

            

    

     

    
      	7.1  	
              The
                following events shall be regarded as the events of
                default:

            

    

     

    
      	7.1.1  	
              This
                Agreement is deemed illegal by a governing authority in the PRC,
                or the
                Pledgor is not capable of continuing to perform the obligations herein
                due
                to any reason except force majeure;

            

    

     

    
      	7.1.2  	
              Shaanxi
                Shiming fails to make full payment of the Services Fees as scheduled
                under
                the Service Agreement;

            

    

     

    
      	7.1.3  	
              A
                Pledgor makes any material misleading or mistaken representations
                or
                warranties under Section 5 herein, and/or the Pledgor breaches any
                warranties under Section 5 herein;

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	7.1.4  	
              A
                Pledgor breaches the covenants under Section 6
                herein;

            

    

     

    
      	7.1.5  	
              A
                Pledgor breaches the term or condition
                herein;

            

    

     

    
      	7.1.6  	
              A
                Pledgor waives the pledged equity interest or transfers or assigns
                the
                pledged equity interest without prior written consent from the
                Pledgee;

            

    

     

    
      	7.1.7  	
              Shaanxi
                Shiming is incapable of repaying the general debt or other
                debt;

            

    

     

    
      	7.1.8  	
              The
                property of the Pledgor is adversely affected causing the Pledgee
                to
                believe that the capability of the Pledgor to perform the obligations
                herein is adversely affected;

            

    

     

    
      	7.1.9  	
              The
                successors or agents of the Shaanxi Shiming are only able to perform
                a
                portion of or refuse to perform the payment obligations under the
                Service
                Agreement;

            

    

     

    
      	7.1.10  	
              The
                breach of the other terms by action or inaction under this agreement
                by
                the Pledgor.

            

    

     

    
      	7.2  	
              The
                Pledgor shall immediately give a written notice to the Pledgee if
                the
                Pledgor is aware of or discovers that any event under Section 7.1
                herein
                or any event that may result in the foregoing events has occurred
                or is
                likely to occur.

            

    

     

    
      	7.3  	
              Unless
                the event of default under Section 7.1 herein has been solved to
                the
                Pledgee’s satisfaction, the Pledgee, at any time when the event of default
                occurs or thereafter, may give a written notice of default to the
                Pledgor
                and require the Pledgor to immediately make full payment of the
                outstanding Service Fees under the Service Agreement and other payables
                or
                exercise other rights in accordance with Section 8
                herein.

            

    

     

    
      	8.  	
              Exercise
                of Remedies.

            

    

     

    8.1 Authorized
      Action by Secured Party.
      The
      Pledgors hereby irrevocably appoint Pledgee the attorney-in-fact of the Pledgors
      for the purpose of carrying out the security provisions of this Agreement and
      taking any action and executing any instrument that the Pledgee may deem
      necessary or advisable to accomplish the purposes of this Agreement. If an
      event
      of default occurs, or is continuing, Pledgee shall have the right to exercise
      the following rights and powers:

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (a) Collect
      by legal proceedings or otherwise and endorse, receive and receipt for all
      payments, proceeds and other sums and property now or hereafter payable on
      or on
      account of the Pledged Collateral;

     

    (b) Enter
      into any extension, reorganization, deposit, merger, consolidation or other
      agreement pertaining to, or deposit, surrender, accept, hold or apply other
      property in exchange for the Pledged Collateral;

     

    (c) Transfer
      the Pledged Collateral to its own or its nominee’s name;

     

    (d) Make
      any
      compromise or settlement, and take any action it deems advisable, with respect
      to the Pledged Collateral;

     

    (e) Notify
      any obligor with respect to any Pledged Collateral to make payment directly
      to
      the Pledgee; 

     

    (f) All
      rights of the Pledgors to exercise the voting and other consensual rights it
      would otherwise be entitled to exercise without any action or the giving of
      any
      notice shall cease, and all such rights shall thereupon become vested in the
      Pledgee;

     

    (g) All
      rights of the Pledgors to receive distributions with respect to the Pledged
      Collateral which it would otherwise be authorized to receive and retain shall
      cease and all such rights shall thereupon become vested in the Pledgee;
      and

     

    (h) The
      Pledgors shall execute and deliver to the Pledgee appropriate instruments as
      the
      Pledgee may request in order to permit the Pledgee to exercise the voting and
      other rights which it may be entitled to exercise and to receive all
      distributions which it may be entitled to receive.

     

    The
      Pledgors hereby grant to Pledgee an exclusive, irrevocable power of attorney,
      with full power and authority in the place and stead of the Pledgors to take
      all
      such action permitted under this Section
      8.1.
      Such
      power of attorney shall be effective, automatically and without the necessity
      of
      any action (including any transfer of any Pledged Collateral) by any person,
      upon the occurrence and continuance of an event of default. Pledgee shall not
      have any duty to exercise any such right or to preserve the same and shall
      not
      be liable for any failure to do so or for any delay in doing so.

     

    8.2 Event
      of defaults; Remedies.
      Upon
      the occurrence of an event of default, Pledgee may, without notice to or demand
      on the Pledgors and in addition to all rights and remedies available to Pledgee,
      at law, in equity or otherwise, do any of the following:

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (a) Require
      the Pledgors to immediately pay all outstanding unpaid amounts due under the
      Consulting Services Agreement;

     

    (b) Foreclose
      or otherwise enforce Pledgee’s security interest in any manner permitted by law
      or provided for in this Agreement;

     

    (c) Terminate
      this Agreement pursuant to Section 11. 

     

    (d)
      Exercise any and all rights as beneficial and legal owner of the Pledged
      Collateral, including, without limitation, perfecting assignment of and
      exercising any and all voting, consensual and other rights and powers with
      respect to any Pledged Collateral; and

     

    (e)
      All
      the rights and remedies of a secured party upon default under applicable
      law.

    

    8.3 The
      Pledgee shall give a notice of default to the Pledgors when the Pledgee
      exercises its remedies under this Agreement.

    

    8.4 Subject
      to Section 7.3, the Pledgee may exercise its remedies under this Agreement
      at
      any time after the Pledgee gives a notice of default in accordance with Section
      7.3 or thereafter.

    

    8.5 The
      Pledgee is entitled to a priority in receiving payment by the evaluation or
      proceeds from the auction or sale of whole or part of the equity interest
      pledged herein in accordance with legal procedure until the unpaid Services
      Fees
      under the Services Agreement are repaid.

    

    8.6 The
      Pledgor shall not hinder the Pledgee from exercising its rights in accordance
      with this Agreement and shall give necessary assistance so that the Pledgee
      may
      exercise its rights in full.

    

    9.
       Assignment.

    

    9.1  The
      Pledgors shall not donate or transfer rights and obligations herein without
      prior consent from the Pledgee. 

    

    9.2 This
      Agreement shall be binding upon each of the Pledgors and his, her or its
      successors and be binding on the Pledgee and his each successor and
      assignee.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    
 

    9.3 The
      Pledgee may transfer or assign his all or any rights and obligations under
      the
      Service Agreement to any individual specified by it (natural person or legal
      entity) at any time. In this case, the assignee shall enjoy and undertake the
      same rights and obligations herein of the Pledgee as if the assignee is a party
      hereto. When the Pledgee transfers or assigns the rights and obligations under
      the Service Agreement, and such transfer shall only be subject to a written
      notice serviced to Pledgors, and at the request of the Pledgee, the Pledgors
      shall execute the relevant agreements and/or documents with respect to such
      transfer or assignment.

    

    9.4 After
      the
      Pledgee’s change resulting from the transfer or assignment, the new parties to
      the pledge shall execute a new pledge contract.

    

    
      	10.  	
              Formalities,
                Fees and Other Charges.

            

    

    

    10.1 The
      Pledgors shall be responsible for all the fees and actual expenses in relation
      to this Agreement including but not limited to legal fees, cost of production,
      stamp tax and any other taxes and charges. If the Pledgee pays the relevant
      taxes in accordance with the laws, the Pledgors shall fully indemnify the
      Pledgee such taxes paid by the Pledgee.

    

    10.2 The
      Pledgors shall be responsible for all the fees (including but not limited to
      any
      taxes, formalities fees, management fees, litigation fees, attorney’s fees, and
      various insurance premiums in connection with disposition of Pledge) incurred
      by
      the Pledgors for the reason that the Pledgors fail to pay any payable taxes,
      fees or charges for other reasons which cause the Pledgee to recourse by any
      means or ways.

    

    
      	11.  	
              Force
                Majeure.

            

    

    

    11.1 “Force
      Majeure,” shall include but not be limited to acts of governments, acts of
      nature, fire, explosion, typhoon, flood, earthquake, tide, lightning, war,
      refers to any unforeseen events beyond the party’s reasonable control and cannot
      be prevented with reasonable care. However, any shortage of credit, capital
      or
      finance shall not be regarded as an event beyond a Party’s reasonable control.
      The affected party by Force Majeure shall notify the other party of such event
      resulting in exemption promptly.

    

    11.2 In
      the
      event that the affected party is delayed in or prevented from performing its
      obligations under this Agreement by Force Majeure, only within the scope of
      such
      delay or prevention, the affected party will not be responsible for any damage
      by reason of such a failure or delay of performance. The affected party shall
      take appropriate means to minimize or remove the effects of Force Majeure and
      attempt to resume performance of the obligations delayed or prevented by the
      event of Force Majeure. After occurrence of an event of Force Majeure, when
      such
      event or condition ceases to exist, both parties agree to resume the performance
      of this Agreement with their best efforts. 

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    12.
       Confidentiality.
      The
      parties of this agreement acknowledge and make sure that all the oral and
      written materials exchanged relating to this contract are confidential. All
      the
      parties have to keep them confidential and can not disclose them to any other
      third party without other parties’ prior written approval, unless: (a) the
      public know and will know the materials (not because of the disclosure by any
      contractual party); (b) the disclosed materials are required by laws or stock
      exchange rules; or (c) materials relating to this transaction are disclosed
      to
      parties’ legal consultants or financial advisors, however, who have to keep them
      confidential as well. Disclosure of confidential information by Employees or
      hired institutions of the parties is deemed as the act by the parties,
      therefore, subjecting them to liability.

     

    13. Dispute
      Resolution.

    

    13.1 This
      Agreement shall be governed by and construed in accordance with the PRC
      law.

    13.2 The
      parties shall strive to settle any dispute arising from the interpretation
      or
      performance, or in connection with this Agreement through friendly consultation.
      In case no settlement can be reached through consultation, each party can submit
      such matter to China International Economic and Trade Arbitration Commission
      (“CIETAC”) for arbitration. The arbitration shall follow the current rules of
      CIETAC, and the arbitration proceedings shall be conducted in Chinese and shall
      take place in Beijing. Any resulting arbitration award shall be final and
      binding upon the parties.

    

    14. Notices.
      Any
      notice which is given by the parties hereto for the purpose of performing the
      rights and obligations hereunder shall be in writing. Where such notice is
      delivered personally, the time of notice is the time when such notice actually
      reaches the addressee; where such notice is transmitted by facsimile, the notice
      time is the time when such notice is transmitted. If such notice does not reach
      the addressee on business date or reaches the addressee after the business
      time,
      the next business day following such day is the date of notice. The delivery
      place is the address first written above of the parties hereto or the address
      advised in writing including via facsimile from time to time.

     

    15.  Entire
      Contract.
      All
      Parties agree that this Agreement constitute the entire agreement of the Parties
      with respect to the subject matter therein upon its effectiveness and supersedes
      and replaces all prior oral and/or written agreements and understandings
      relating to this Agreement.

     

    16.  Severability.
      Any
      provision of this Agreement which is invalid or unenforceable because of
      inconsistent with the relevant laws shall, as to that jurisdiction, be
      ineffective to the extent of such invalidity or unenforceability, without
      affecting in any way the remaining provisions hereof.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    17.  Appendices.
      The
      appendices to this Agreement are entire and integral part of this
      Agreement.

     

    18.  Amendment
      or Supplement.

     

    18.1 Parties
      may amend and supply this Agreement with a written agreement, provided that
      such
      amendment shall be duly executed and signed by the Pledgee, Shaanxi Shiming,
      and
      holders of a majority of the shares of Shaanxi Shiming held by the Pledgors,
      and
      such amendment shall thereupon become a part of this Agreement and shall have
      the same legal effect as this Agreement. 

     

    18.2 This
      agreement and any amendments, modification, supplements, additions or changes
      hereto shall be in writing and come into effect upon being executed and sealed
      by the parties hereto.

    

    19.  Language
      and Copies of the Agreement.
      This
      Agreement has both an English version and a Chinese version. Both versions
      are
      equally authentic. Where a comparison of the authentic texts of both versions
      of
      this Agreement discloses a difference in meaning, the meaning which best
      reconciles the texts, having regard to the object and purpose of this Agreement
      shall be adopted. This Agreement is executed by the Parties in counterparts,
      each Party holds one counterpart, and each original has the same legal effect.
      

     

    [SIGNATURE
      PAGE FOLLOWS]

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    SIGNATURE
      PAGE

    

    IN
      WITNESS WHEREOF
      each
      party hereto has caused this Agreement duly executed by itself or a duly
      authorized representative on its behalf as of the date first written
      above.

    

    

    
      	PLEDGEE:	 	Shiming (Xi’an) Enterprise Management &
              Consulting Co., Ltd.
	 	 	 
	 	 	 
	 	 	/s/ Shiming
              Wang                                                    
              
	 	 	Chairman
	 	 	 
	PARTY B: 	 	Shaanxi Shiming Science & Technology
              Joint Stock Co., Ltd.
	 	 	 
	 	 	/s/ Shiming
              Wang                                                    
              
	 	 	President

    

     

     

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    PLEDGOR
      SIGNATURE PAGE

    
      

      

      PLEDGORS:

       

       

      
        
          	 	Shaanxi Meixian Shiming
                  Non-Ferrous
                  Metallurgy Co., Ltd. (“Meixian”)
	 	Shares of Shiming Company
                  owned by
                  Meixian 38000000
	 	 	 
	 	/s/ Shiming
                  Wang                               
                  
	 	Chairman
	 	 	 
	 	 	 
	 	/s/ Shiming
                  Wang                                                                
                  
	 	 	Shiming Wang (PRC ID Card No.:
                  610326570221061)
	 	 	Shares of Shiming Company owned
                  by Shiming
                  Wang: 12900000
	 	 	 
	 	 	 
	 	/s/ Nairang
                  Liu                                                                      
                  
	 	 	
                  Nairang
                    Liu (PRC ID Card No.: 610326631127043)

                
	 	 	Shares of Shiming Company owned
                  by Nairang
                  Liu: 3470000
	 	 	 
	 	 	 
	 	/s/ Liehua
                  Wang                                                                   
	 	 	Liehua Wang (PRC ID Card No.:
                  610421541129002)
	 	 	Shares of Shiming Company owned
                  by Liehua
                  Wang: 3408800
	 	 	 
	 	 	 
	 	/s/ Genyun
                  Qu                                                                     
                  
	 	 	Genyun Qu (PRC ID Card No.:
                  610421501011001)
	 	 	Shares of Shiming Company owned
                  by Genyun Qu:
                  2930000
	 	 	 
	 	 	 
	 	/s/ Rui
                  Wang                                                                        
                  
	 	 	Rui Wang (PRC ID Card No.:
                  610326810124041)
	 	 	Shares of Shiming Company owned
                  by Rui Wang:
                  2720000

        

         

        
          
            
            

          

          
            12

            
              

            

          

          
            
            

          

        

         

         

        
          	 	/s/ Ziyuan
                  Lu                                                                       
                  
	 	 	Ziyuan Lu (PRC ID Card No.:
                  610102621205358)
	 	 	Shares of Shiming Company owned
                  by Ziyuan Lu:
                  435000
	 	 	 
	 	 	 
	 	/s/ Yan
                  Luo                                                                           
                  
	 	 	Yan Luo (PRC ID Card No.:
                  51012619720106140X)
	 	 	Shares of Shiming Company owned
                  by Yan Luo:
                  435000
	 	 	 
	 	 	 
	 	/s/ Cunhu
                  Yang                                                                     
	 	 	Cunhu Yang (PRC ID Card No.:
                  610104196210016177)
	 	 	Shares of Shiming Company owned
                  by Cunhu
                  Yang: 362400
	 	 	 
	 	 	 
	 	/s/ Wanjun
                  Shu                                                                     
                  
	 	 	Wanjun Shu (PRC ID Card No.:
                  610124510805001)
	 	 	Shares of Shiming Company owned
                  by Wanjun
                  Shu: 271800
	 	 	 
	 	 	 
	 	Attorney-in-fact
                  for
                  certain shareholders of Party B:
	 	Shiming (Xi’an) Enterprise
                  Management & Consulting Co., Ltd.
	 	 	 
	 	 	 
	 	/s/ Shiming
                  Wang                                  
                  
	 	By: Shiming Wang
	 	 
	 	As attorney-in-fact
                  pursuant to
                  that certain Power of Attorney, Shareholders’ Voting Rights, Proxy
                  Agreement and Covenant Not to Sue dated January 15,
                  2006

        

      

             

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      

      Appendix
        1

       

      RESOLUTIONS
        OF THE GENERAL SHAREHOLDERS’ 

      MEETING
        OF SHAANXI SHIMING

       

      

      WHEREAS,
        that certain significant shareholders of Shaanxi Shiming have agreed to pledge
        their shares of the company under an Equity Pledge Agreement dated December
        __,
        ______; and

      

      WHEREAS,
        it is in the best interest of the Company for the shareholders to enter into
        such Equity Pledge Agreement. 

      

      RESOLVED,
        that the pledge of shares held by the shareholders of the company under the
        Equity Pledge Agreement is hereby approved. 

      

      This
        resolution was executed and submitted on December __, _____ by the undersigned
        shareholders: 

      

      SHAREHOLDERS:

       

      
 

      
        	 	Signature:
                ________________________	 
	 	Name: 
                ___________________________	 
	 	Address:  
                ________________________	 
	 	             
                _____________________	 
	 	             
                _____________________	 
	 	 	 
	 	ID Card No.: 
                ______________________	 
	 	Telephone: 
                _______________________	 
	 	Facsimile: 
                _______________________	 

      

       

      
        
          
          

        

        
          14

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