Document:

Exhibit
      10.10

     

    Equipment
      Purchase Contract

     

    JW20051217A

    PLACE:
      JINZHOU, LIAONIG

    

    Purchaser   Jinzhou
      Halla Electrical Equipment Co., Ltd.

    Seller                                   
      OMT
      Co.,
      Ltd (Korea) 

    
       

      1
        Contract commodity

    

    1
      set
      duration tester of alternators

     

    1
      set
      performance tester of alternators 1 set duration tester of starters

     

    Details
      see relevant catalogues

     

    

    2 Contract
      value and currency

    1
      set
      duration tester of alternators 

     

    USD101,730.00

     

    

     

    1
      set
      performance tester of alternators 

     

    USD181,500.00

     

    

    1
      set
      duration tester of starters 

     

    USD85,390.00

     

    

    Total
      value: USD368,620.00

     

    

    3 Origin
      and manufacturer 

    Korea,
      OMT Co., Ltd.

     

    

    4 Packing

    New
      solid
      wooden case suitable for sea voyage. Any damage caused by packing shall be
      in
      the Sellers account

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    5 Shipping
      marks

    Clear
      print shall be on four sides of the packing of the case number, dimension,
      gross
      weight, net weight, contract number, port of destination, and the
      receiver

     

    

    6 Shipping
      date

    The
      shipping date shall be 30 April, 2005 at a Korea port

     

    

     

    7 Departing
      port 

    Korea
      port

     

    

    8 Destination
      port 

    Dalian,
      China

     

     

    

    9 Payment

    50%
      (USD184,310.00) shall be paid by T/T within 30 days after signing of this
      contract

     

    45%
      (USD165,879.00) shall be paid by T/T within 30 days after acceptance at Jinzhou
      Halla Electrical Equipment Co., Ltd. The remaining 5% (USD18,431.00) shall
      be
      paid after one year normal operation accounted from the date of acceptance
      report

     

    

     

    10 Documentation:
      the Seller shall deliver 5 copies of original invoices; packing documentation,
      etc.

    

     

    11 Shipping
      condition: The Seller shall provide the information of the ship via fax 15
      day
      before the agreed-upon date.

    

     

    12 Shipping
      notice: Upon completion of the loading, the Seller shall provide the number
      of
      the contract, quantity, weight and other necessary information to the Buyer
      via
      Fax.

    

     

    13 Functions
      and operations of the product: see equipment brochure.

    

    14 Warranty

    The
      Seller shall ensure that the contract equipment are built in accordance with
      this contract. The Seller shall guarantee that the delivered equipment will
      remain in ordinary conditions for 12 months. 

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    15 Acceptance:

    

    The
      Buyer
      shall make initial inspection of the equipments at the site of the Seller before
      shipping. The final inspection shall be done after the testing of the equipment
      at the site of the Buyer

    

     

    16 Inspection
      Procedure: 

    

    The
      Seller shall provide the Buyer with written statement that the equipments meet
      the requirements of this agreement with inspection result attached.

    

     

    17 Remedies
      regarding restitution, abatement of the price, return and repairs.

    

    If
      the
      Seller is liable for the equipment not meeting the requirement of this
      agreement, the Buyer has right to ask for remedy within the warranty period
      as
      described under Section 14 and 16.

    

    18 Modifications:
      this Parties may modify the price and delivery date upon mutual agreement.
      

    

    19 Force
      majeure: 

    

    The
      Seller is not liable if the delay of delivery is caused by force beyond the
      control of the Seller. Nevertheless, the Seller shall under has the obligations
      to deliver the equipments within the shortest period.

    

    20 Delayed
      delivery and penalty

    Other
      than what is defined in Clause 19, any delayed delivery caused by the Seller
      shall result in a late fee in the amount of 3% of the sale price each day until
      the product is delivered, to be deducted from the buyer’s payment. 

     

    

    21
       Negotiation:
      All disputed shall be resolved through negotiation. If the dispute could not
      be
      resolved by negotiation, it shall be decided by the court.

    

    22
       Governing
      law

    The
      governing law shall be laws of the People’s Republic of China if this contract
      is performed in China. The governing law shall be the laws of Korea if this
      contract is performed in Korea. 

     

    24
       Appendix.

     

    Jinzhou
      Halla Electrical Equipment Co., Ltd.

    /s/
      Jiyan Li

    

    OMT
      Co.,
      Ltd (Korea) 

    Seal

     

    December
      17th,
      2004

     

    3Unassociated Document

    Exhibit
      10.11

    Loan
      Agreement

    

    The
      Borrower: Jinzhou Halla Electrical Equipment Co., Ltd.

    The
      Lender: China Construction Bank (Jinzhou Linghe Branch)

    October
      18, 2005

    

    1.  The
      Loan

     

    1.1
      The
      amount
      of the loan: RMB20,000,000

     

    2.  Borrower
      can only use the loan for purpose of business operation. Any other
      use
      must be approved by the Lender. 

     

    3.  The
      term of
      the loan: 1 year, commencing from October 18th
      , 2005
      to October 17th
      , 2006
      (the “Maturity Date”).

     

    4.  Interest
      Rate and Calculation of the Interest Rate

     

    4.1
      Interest rate

     

    i.  The
      interest rate of this loan in this contract is 7.254%. The
      accruals of interest shall be calculated on the basis of
      a
      365-day year and the

           
       actual number of days elapsed..
      

     

    4.2
      Increase of Interest Rate

     

    i.  If
      Borrower uses the loan for other purposes not set forth
      in
      this agreement, the interest rate shall be increased
      to 14.508% per annum.

     

    ii.  If
      Borrow
      defaults in payment when due, the interest rate
      shall be increased to 10.881% per annum.

     

    4.3
      Interest shall accrue on the unpaid principal amount of each loan from the
      date
      such loan is made until the maturity thereof at a rate per month equal to the
      interest rate defined in this agreement.

     

    4.4
      Daily
      interest rate = monthly interest rate/30 = annual interest rate/360

     

    4.5
      Interest Payment

     

    i.  Interest
      accrued shall be paid by Borrower monthly on the 20th
      day of
      each month. 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

       

    

    5.  Borrowing
      Procedure

     

    5.1
      Borrower must meet
      the
      following prerequisite conditions before withdrawing
      funding from the loan

     

    
      	i.  	
                
                Borrower has furnished required
                documentation

            

    

     

    
      	ii.  	
                
                The borrowing is consistent with applicable laws.
                

            

    

     

    5.2
      Borrower can request the loan by giving notice to Lender 3 days before the
      date
      of borrowing.

     

    6.  Manner
      of
      Payment

     

    6.1
      Manner of Payment

     

                                                                                                                   i.   
       If
      Borrower defaults in the payment for either principal balance
      or interest when due, or Borrower ceases its business
      operation before the

                                                                                                                        
       payment becomes due, or certain
      circumstances
      occur as defined by applicable law,
      anypayment
      made by Borrower shall first be applied
      to

                                                                                                                        
       the amount of the outstanding principal balance
      and second to unpaid
      interest.

     

                                                                                                                  ii. 
Except
      for the circumstances defined in the proceeding paragraph,
      any payment made by Borrower shall first be
      applied to the amount of 

                                                                                                                           
      unpaid interest and second to
      the
outstanding
      principal balance.

     

    6.2
      Borrower shall make the payment in a timely manner. 

     

    6.3
      The
      whole amount of RMB20,000,000 shall become due on October 17, 2006.

     

    6.4
      Each
      payment require to be made by the Borrower hereunder shall be made by wire
      transfer or immediately available funds. If Borrower defaults in any payment
      when due, Lender can withdraw funding from any of Borrower’s China Construction
      Bank accounts to satisfy Borrower’s payment when due pursuant to this agreement.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    6.5
      Prepayment

     

    i.  Prepayment
      for the unpaid interest shall be make after giving
      written notice to Lender.

     

    ii.  Prepayment
      for the outstanding principal balance shall be
      made
      known to Lender by written application 30 business
      days before the date of

            
       the prepayment, subject
      to Lender’s approval. All interest accrued shall be
      calculated on the basis of actual number of days elapsed.
      

             
      Borrower agrees to pay Lender a fee upon Borrower’s
      prepayment, in any amount defined by the following
      formula: amount of fee =

            
       amount of prepayment
      * 0.1% * number of days before the payment
      due 

     

    7.  The
      loan
      is guaranteed. 

     

    8.  The
      rights and obligations of Borrower

     

    8.1
      Borrower can request the disbursement of the loan pursuant to this
      agreement.

     

    
      	i.  	
                   Borrower
                can extend the term of the loan pursuant to this
                agreement.

            

    

     

    ii.  Borrower
      can request Lender to keep confidentialany
      information regarding its financial conditions and business
      operation.

     

    8.2
      The
      obligations of Borrower: 

     

    iii.  Provide
      to
      the Lender, as soon as possible within 10
      days
      after the end of each fiscal quarter of Borrower, certain
      balance sheet and statement of income. 

     

    iv.  Disclose
      information regarding financial conditions and use
      of
      the loan upon request of Lender.

     

    
      	v.  	
                    
                Inform Lender of any material change of the company.
                

            

    

     

    vi.  Lender
      can terminate the agreement in event of disposition
      of Borrower’s properties by Borrower at anunreasonably
      inadequate price. 

     

    vii.  Borrower
      must obtain Lender’s written consent before it
      acts
      as guarantor for other third parties’ debt or obligations.
      

     

    viii.    
      Borrower
      cannot partially or fully delegate its obligations
      under this agreement without Lender’s consent.
      

     

    ix.  Borrower
      shall pay off its debts according to their legal priorities.
      Borrower cannot entered into any contract that
      renders this loan

            
       subordinated. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    9.  Lender’s
      rights and obligations

     

    9.1
      Lender’s right

     

                                                               
      i.  Lender
      can require disclosure of Borrower’s financial status.

     

    
      	ii.  	
              In
                the event of breaches of this agreement by Borrower, Lender can declare
                the entire outstanding principal balance of the loan, together
                with
                all accrued but unpaid interest immediate due and payable, or stop
                disbursement of the loan. 

            

    

     

    9.2
      Lender’s obligations

     

    
      	i.  	
              Lender
                shall disburse the loan in a timely
                manner

            

    

     

                                                               
      ii. Lender
      shall keep any information regarding Borrower that
      is
      derived from the loan transaction confidential.

     

    10.  Remedies
      for Breaches of the Agreement

     

    10.1
      Breaches of the Agreement on the part of Borrower occurs upon the occurrence
      of
      any of the following: 

     

    
      	i.  	
              Misrepresentation
                of material information regarding Borrower’s financial
                status.

            

    

     

    
      	ii.  	
              Use
                of the loan for purpose not set forth in this
                agreement

            

    

     

    
      	iii.  	
              Default
                in payment when it is due

            

    

     

    
      	iv.  	
              Unreasonable
                disposition of Borrower’s properties by Borrower
                

            

    

     

    
      	v.  	
              Material
                adverse changes occurred during the term of the
                loan

            

    

     

    
      	vi.  	
              Use
                of the loan in engaging securities
                transactions

            

    

     

                                                            
      vii.  Change
      of
      Borrower’s structure that substantially adversely
      affects its capacity to make timely payments when
      due.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    10.2
      Any
      occurrence of the following situations, without new guarantee agreement approved
      by Lender constitutes breaches of this agreement: 

     

    
      	i.  	
              Guarantor
                has material adverse change in its financial
                status

            

    

     

                                                              
      ii.  Guarantor
      provides guaranty to any other third parties which
      substantially adversely affects its capability of performance
      under the guarantee agreement. 

     

    
      	iii.  	
              Guarantor
                becomes insolvent or incapable to perform its obligation under the
                guarantee agreement.

            

    

     

    10.
      3 Any
      of the following on the part of Mortgagor without new guarantee agreement
      approved by Lender constitutes breaches of this agreement

     

    
      	i.  	
              Mortgagor
                does not purchase property insurance for the mortgaged property or
                Mortgagor use the proceeds obtained in violation of the mortgage
                agreement. 

            

    

     

    
      	ii.  	
              The
                mortgaged property is damaged due to the behavior of the third person,
                and
                the mortgagor dispose the payment of damages in violation of the
                mortgage
                agreement.

            

    

     

    
      	iii.  	
              Mortgagor
                disposes the mortgaged property without Lender’s written
                consent

            

    

     

    10.4
      Breaches on the part of Borrower based on certain conducts on the part of
      Borrower regarding certain lien.

     

    10.5
      Remedies for Lender 

     

    
      	i.  	
              In
                the event of breaches of this agreement by Borrower, Lender can declare
                the entire outstanding principal balance of the loan, together with
                all
                accrued but unpaid interest immediate due and payable, or stop
                disbursement of the loan.

            

    

     

    
      	ii.  	
              Lender
                can foreclose the mortgaged properties subject to the
                mortgage.

            

    

     

    
      	iii.  	
              Lender
                can increase interest rate at the event of Borrower’s default as set forth
                in this agreement. 

            

    

     

    11.  Reserved

     

    12.  Choice
      of
      forum

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    12.1
      Dispute arising from this agreement shall be adjudicated by the court in the
      jurisdiction where Lender domiciles. 

     

    13.  Effectiveness,
      Modification and Termination of the Agreement

     

    14.  There
      are
      5 copies of this agreement. 

     

    15.  Representation
      and warranties of the Lender

    

    Jinzhou
      Halla Electrical Equipment Co.Ltd. 

    /s/
      Yuncong Ma

    Seal

     

    China
      Construction Bank

    /s/
      Yun Zhao

    Seal

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