Document:

Exhibit
      10.21

    

    

     

    SHANGHAI
      PUDONG DEVELOPMENT BANK 

     

    SHORT-TERM
      LOAN CONTRACT

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SHANGHAI
      PUDONG DEVELOPMENT BANK

    SHORT-TERM
      LOAN CONTRACT

    

    Serial
      No.70052007280094

    

    BORROWER:
      Wuhan Blower Co., Ltd.

    LEGAL
      ADDRESS:

    MAILING
      ADDRESS: 

    

    LENDER:
      Shanghai Pudong Development Bank Wuhan Branch

    ADDRESS:
      

    

    In
      view
      that the Borrower applies for a short-term loan facility from the Lender, both
      parties hereby enter into the following Contract in accordance with the relevant
      laws, regulations and rules of the People's Republic of China
      (“China”).

    

    Article
      1 
      Loan Facility

    

    1.1
      The
      Loan Facility provided under this Contract shall be in the currency of Renminbi
      (“RMB”). The maximum amount of such Loan Facility shall be TWENTY MILLION
      RENMINBI. The valid proof of the Borrower's liability shall be the accounting
      documents issued by the Lender according to its business operation
      rules.

    

    1.2.
      The
      term of the Loan Facility under this Contract shall be for 12 months beginning
      June 4, 2007 to June 3, 2008.

    

    1.3
      The
      Loan Facility under this Contract shall only be used as short-term working
      capital by the Borrower and shall not be used for other purposes.

    

    Article
      2  Interest
      of the Loan Facility and Its Calculation

    

    2.1
      Interest of the Loan Facility 

    

    (1)
      Where
      the currency of the Loan Facility is in RMB, the interest of the Loan Facility
      shall be the benchmark interest rate of the People’s Bank of China, which is
      5.4755% per month, plus or minus fluctuations within __%. If the state adjusts
      the benchmark interest rate, the relevant benchmark interest applicable to
      this
      Contract shall be adjusted on the latest interest settlement date after such
      adjustment according to the corresponding interest grade published by the
      People’s Bank of China and noticed in writing to the Borrower by the
      Lender.

    

    (2)
      Where
      the currency of the Loan Facility is in a foreign currency, the annual interest
      rate of such Loan Facility shall be fixed at __% (fluctuating at every __
      months).

    

      SHANGHAI
        PUDONG DEVELOPMENT BANK

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    2.2
      The
      interest of the Loan Facility under this Contract shall be calculated based
      on
      360 days as a full year and charged based on the actual amount withdrawn and
      the
      number of days such Loan Facility is in possession of the Borrower from the
      date
      of withdrawal.

    

    2.3
      The
      interest settlement dates of the Loan Facility shall be the 20th
      day of
      the 3rd
      month in
      each quarter of a calendar year. Where the Loan Facility is in a foreign
      currency, the interest settlement dates shall include the date of maturity
      of
      the Loan Facility specified in this Contract. The Borrower shall be liable
      to
      pay the interest due to the Lender on the interest settlement dates and hereby
      authorizes the Lender to withdraw the interest due from Borrower’s deposit
      account with the Lender.

    

    Article
      3  Withdrawal
      and Repayment

    

    3.1
      The
      Lender shall have no obligations to provide the Loan Facility under this
      Contract unless the following conditions are satisfied: 

    

    (1)
      Upon
      each withdrawal, the Borrower properly completes the Debt Note and submits
      the
      relevant documents and materials required by the Lender;

    

    (2)
      The
      Borrower obtains the relevant license and government approval and completes
      the
      registration and other legal formalities, such as registration of a foreign
      currency loan. In addition, this Contract must be notarized upon the request
      of
      the Lender;

    

    (3)
      If
      the Loan Facility is provided with a guaranty, the Borrower must complete the
      notarization and/or registration formalities as required by the Lender, and
      such
      guaranty must be continuously valid; and

    

    (4)
      No
      event of default as specified in Article 7 of this Contract has
      occurred.

    

    3.2

     

    (1)
      The
      Borrower shall: 

     

    (i)
      make
      withdrawals in installments according to the following schedule and complete
      the
      withdrawal formalities with the Lender three banking days before each withdrawal
      date:

     

    
      	 	Withdrawal
              dates	 	
              Withdrawal
                Amounts 

            	 	 

    

    
      	 	  	 	   
              	
              (currency)

            	  	 (amount
              in word)
	
               

            	
                

            	 	
                

            	
              (currency)

            	  	 (amount
              in word)
	
               

            	
                

            	 	
               

            	
              (currency)

            	  	 (amount
              in word)
	
               

            	
                

            	 	
                

            	
              (currency)

            	  	 (amount
              in word)
	
               

            	
                

            	 	
                

            	
              (currency)

            	  	 (amount
              in word)

    

    

    or

     

    SHANGHAI
      PUDONG DEVELOPMENT
      BANK

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (ii)
      make
      withdrawals in lump sums and complete the withdrawal formalities with the Lender
      within three banking days as of the date the conditions precedent for withdrawal
      specified under Section 3.1 of this Contract have been satisfied. 

    

    (2)
      The
      Lender shall timely provide the Loan Facility upon the satisfaction of the
      conditions precedent for withdrawal and the Borrower's fulfillment of the
      withdrawing formalities as provided above. 

    

    3.3  The
      Lender shall have the right to revoke the balance not withdrawn by the Borrower
      in accordance with the above provisions. The Borrower shall have no right to
      make further withdrawals without the consent of the Lender.

    

    3.4  The
      Borrower shall repay the Loan under this Contract in full on the maturity date
      to the Lender and hereby authorizes the Lender to collect this amount from
      Borrower’s deposit account with the Lender. 

    

    3.5
      The
      Borrower must obtain the Lender’s prior consent before prepaying the Loan.

    

    Article
      4  Statements
      and Undertakings

    

    The
      Borrower makes the following statements and undertakings at the time of
      execution of this Contract, and such statements and undertakings shall be
      continuously effective during the term of this Contract:

    

    4.1 The
      Borrower is a corporation duly registered and established in accordance with
      the
      laws of China and it has complete rights over all of its properties. It has
      full
      civil capability and independently bears its civil liabilities. 

    

    4.2 The
      Borrower has authorized its representative to execute this Contract. All the
      terms contained herein are the Borrower's true declaration of will and shall
      have legal binding force on the Borrower.

    

    4.3.
      The
      execution and performance of this Contract by the Borrower will not lead to
      any
      breach of laws, regulations, rules, judgments, verdicts or orders that should
      be
      observed by the Borrower and will not cause any conflict with the Borrower’s
      Articles of Association or any contracts and agreements entered into by the
      Borrower or any other obligations assumed by Borrower.

    

    4.4 The
      Borrower undertakes that all the accounting statements issued by it conforms
      to
      the relevant laws and regulations of China which truly and fairly reflect the
      Borrower’s financial situation. All the documents and materials in relation with
      this Contract are true, valid, complete, accurate and without any
      concealment.

     

    SHANGHAI
      PUDONG DEVELOPMENT
      BANK

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    4.5
      The
      borrower has not concealed any lawsuit, arbitration, administrative procedure,
      asset preservation, enforcement procedure or other significantly adverse events
      that has or will happen which will or may influence adversely its execution
      or
      performance of this Contract or may have a significantly adverse impact on
      its
      business or financial situation. 

    

    Article
      5 
      Agreed Issues 

    

    Both
      the
      Lender and the Borrower have agreed to the following during the term of the
      Loan
      Facility:

    

    5.1
      The
      Borrower undertakes to operate according to laws and will use the Loan Facility
      according to Section 1.3 of this Contract, actively cooperate with the
      Lender to check and supervise the use of the Loan and the business operation
      of
      the Borrower and timely provide to the Lender the monthly and annual financial
      statements and other relevant materials required by the Lender.

    

    5.2
      The
      Borrower undertakes that before any measure of conservation of creditor’s right
      has been taken with the Lender’s written consent, it will not engage in any
      contracting, leasing operation, joint venture, restructure in line with stock
      system, merger or acquisition, division, setting up subsidiaries, equity
      transfer, capital reduction, suspension of business, dissolution, declaring
      bankrupt or any other activities that adversely affect the rights and interests
      of the Lender. 

    

    5.3
       The
      Borrower undertakes that, without the written consent of the Lender, it will
      not
      make significant changes to its Articles of Association and its business scope,
      or sell, lease, transfer or dispose by other means a significant portion of
      its
      properties, and it will not provide security to a third party which may cause
      a
      significantly adverse impact on its financial situation or ability to perform
      its obligations under this Contract. 

    

    5.4
       The
      Borrower undertakes that it will not repay other loans in priority to this
      Loan
      Facility which is against the normal sequence of repayment and will not enter
      into any contract or agreement which results in the subordinate standing of
      the
      Loan Facility under this Contract now or in the future. 

    

    5.5 The
      Borrower shall repay the principal and interest of the Loan Facility under
      this
      Contract with the same currency of the Loan Facility provided, where the
      guarantor repay the Loan with a different currency, the Borrower undertakes
      to
      exchange the amount obtained from the guarantor into the currency of the Loan
      Facility by means of foreign exchange trading, swap or settlement in a timely
      manner under the instruction of the Lender to repay the principal and interest
      due, the expenses so incurred shall be borne by the Borrower. 

    

    5.6 If
      any
      event occurs or will occur which may well adversely affect the financial
      situation of the guarantor or its ability to perform its guaranty obligation,
      the Borrower undertakes to provide a new guaranty which is acceptable to the
      Lender in a timely manner. 

     

    SHANGHAI
      PUDONG DEVELOPMENT
      BANK

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    5.7 The
      Borrower undertakes to timely notify the Lender of the following issues:

    

    (1) The
      Borrower shall notify the Lender in writing within three days upon its knowledge
      of an event of default as provided in Article 7 hereof or the facts which may
      constitute a default; 

    

    (2)  The
      Borrower shall notify the Lender in writing within three days of the occurrence
      of a significantly adverse event provided in Section 4.5 hereof;

    

    (3)  The
      Borrower shall notify the Lender in writing ten days in advance of the change
      of
      its legal representative, authorized representative, mailing address and name
      of
      the enterprise or other significant changes in its financial and personnel
      sectors. 

    

    5.8
      Upon
      its knowledge of any event specified in Section 4.5 hereof which may affect
      the
      ability of the Borrower to perform its obligations to repay the debt, the Lender
      shall have the right to handle the issue in accordance with the provisions
      of
      Section 8.1 hereof.  

    

    Article
      6 Guaranty
      for Creditor's Right

    

    6.1
      The
      principal, interest, default penalty and the relevant expenses under this
      Contract shall be secured by the following guarantor for the Borrower to the
      Lender (the security contract shall be entered into separately):

    

    i.  The
      security of guaranty shall be provided by _______________________ (Guarantor).

     

    The
      serial no. of the security contract is ___________.

     

    
      ii.   
        The
        mortgage security provided by Wuhan Blower Co., Ltd. (Mortgagor) with
real
        estate
        (collateral) the Mortgage Contract No. ZD7005200728000301.

       

    

    
      iii.   
        The
        Pledge security shall be provided by _______________  (Pledger)
        ______________ with (pledge)
        the Pledge Contract No. ______________ .

    

    

    Article
      7  Events
      of Default

    

    7.1
      Any
      of the following events shall constitute a breach of this Contract by the
      Borrower: 

    

    (1)The
      Borrower fails to repay all or part of the principal, interest and the relevant
      expenses due under this Contract according to schedule.

    

    (2)The
      Borrower fails to carry out or violates the statements and undertakings provided
      in Article 4 hereof or the statements and undertakings so made are untrue,
      inaccurate or incomplete. 

     

    SHANGHAI
      PUDONG DEVELOPMENT
      BANK

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (3)
      The
      Borrower violates Article 5 hereof. 

    

    (4)
      The
      Borrower breaches any other loan contracts, agreements entered into by it which
      results in its debts under such loan contracts, agreements be declared mature
      ahead of schedule; or the Borrower fails to repay its debts upon maturity under
      other loan contracts, agreements entered into by it. 

    

    (5)
      The
      investors of the Borrower spirit away the capital, transfer the assets or assign
      the equity shares without authorization. 

    

    (6)
      The
      guarantor has no longer assumed or will no longer assume the ability for
      guarantee which is compatible to the Loan Facility or breaches the guarantee
      documents executed by it. 

    

    (7)
      The
      Borrower violates any other Article under this Contract.

    

    7.2
      The
      Lender’s failure to provide the Loan Facility in accordance with the provisions
      of Section 3.2(2) shall constitute default, with the exception of any default
      of
      Borrower specified in Section 7.1 hereof. 

    

    Article
      8 Remedy
      for Default  

    

    8.1
       The
      Lender may decide at its sole discretion to take one or more of the following
      measures as remedy if one or more of the events of default specified in Article
      7 hereof occurs: 

    

    (1)
      Declare immediate mature of the principal of the Loan Facility under this
      Contract ahead of schedule, demand the full repayment of the interest due and
      take immediate recourse by all means to the Guarantor or the Borrower.

    

    (2)
      Charge default interest on the delayed repayment and misappropriation of the
      Loan Facility with a cumulative rate. The default interest rate for RMB loan
      facility shall be fixed according to the provisions made by The People's Bank
      of
      China while the rate for foreign exchange loan facility shall be fixed at 20%
      above the original interest rate. 

    

    (3)
      Collect the amounts from all or part of the deposit accounts of the Borrower
      with various business branches of Shanghai Pudong Development Bank.

    

    (4)
      Cancel the unused credit line of the Borrower.

    

    (5)
      Demand other security to be provided by the Borrower which is acceptable to
      the
      Lender. 

    

    (6)
      Other
      necessary measures provided by law. 

     

    SHANGHAI
      PUDONG DEVELOPMENT
      BANK

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    Under
      such circumstances, the Borrower agrees to waive its right of pleading without
      any condition and shall compensate for all the losses incurred to the Lender
      as
      a result of the Borrower's default. 

    

    8.2
      In
      case of a default on the part
      of
      the Lender provided in Section 7.2, the Lender's liability for compensation
      will
      be limited to the actual losses suffered by the Borrower in obtaining an
      alternative loan facility on the financial market, such as an interest balance
      of an alternative loan obtained under usual circumstances by the Borrower on
      the
      financial market and that obtained from the Lender. The Lender shall not assume
      other further liabilities. 

    

    Article
      9 Miscellaneous

    

    9.1
      Where
      after taking effect, there are conflict between this Contract and the relevant
      laws, regulation and rules of the State, the parties shall timely consult and
      enter into supplementary contract as a remedy based on the precondition that
      the
      safety and benefits of the Loan Facility of the Lender are assured. The Lender
      shall reserve the rights of accelerating the maturity of the Loan Facility
      and
      immediate recourse. 

    

    9.2
      This
      Contract shall be governed by the laws of China. Any dispute in relation to
      this
      Contract shall be under the jurisdiction of the people's court where the
      principle business site of the Lender is located. 

    

    9.3 This
      Contract shall take effect after signatures and seals of both parties and shall
      terminate at the full repayment of the principal, interest and expenses under
      this Contract.

    

    9.4
      The
      loan application, debt note, the corresponding security contracts and other
      relevant documents and materials are an integral part of this Contract and
      shall
      have the same legal force as this Contract. 

    

    9.5
      In
      the event that this contract is executed prior to the day of granting the Loan
      Facility and coded for the purpose of handling mortgage registration, the
      computer system of the Lender will automatically create another contract number
      at the time of granting the Loan Facility. The Parties agree that, under such
      circumstance, both numbers are effective.

    

    9.6
      In
      the events that for the purpose of handling mortgage registration this contract
      is executed prior to the day of granting the Loan Facility and the anticipated
      beginning and ending dates of the Loan Facility are filled out, dates of the
      actual granting of the Loan Facility may be inconsistent with the anticipated
      dates filled out under this Contract, the Parties agree that, under such
      circumstance, the dates of actual granting of the Loan Facility recorded in
      the
      debt note shall prevail.

    

    9.7
      This
      Contract shall be executed in two originals with each party holding an original.
      Several copies shall be prepared for records. 

     

    SHANGHAI
      PUDONG DEVELOPMENT
      BANK

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    
      	
              The
                Borrower (Company
                Seal) 

              Wuhan
                Blower Co., Ltd.
                

               

              Legal
                Representative or

              Authorized
                Representative

              (Signature
                or Seal) 

               

              Xu
                Jie (Seal) 

               

              Bank
                and Account Details:  

            	
              The
                Lender (Company Seal)

              Shanghai
                Pudong Development Bank Wuhan Branch

               

              Legal
                Representative or

              Authorized
                Representative

              (Signature
                or Seal)

               

              Li
                Fan (Seal)

               

              Date:
                June 4, 2007

            

    

     

    SHANGHAI
      PUDONG DEVELOPMENT
      BANK

     

    
      
        
        

      

      
        9Exhibit
      10.22

    

    Short-Term
      Loan Agreement 

    

    Shanghai
      Pudong Development Bank Wuhan Branch/Sub-branch 

    No.:
      70052007280444 

    
      	
              Client:

            	
              Wuhan
                Generating Equipment Co., Ltd. (the “Company”)

            	 	
              Date
                of Application:

            	 	
              October
                23, 2007

            
	 	 	 	 	 	 
	
              Address:

            	 	 	
              Contact
                Person of the Client:

            	 	 
	 	 	 	 	 	 
	
              Tel:

            	
              59700043

            	 	
              Contact
                Person of the Lender:
                (to be filled in by the Lender)

            	 	 

    

     

    
      	
              Fax:

            	 
	 	 
	
              The
                Company hereby irrevocably applies for the short term working capital
                loan
                from your bank in accordance with the following terms and conditions
                under
                this agreement: 

            
	 
	
              1. Paramount
                Clauses

            
	 

    

     

    
      
        	o	
                This
                  Agreement is executed as a subsidiary financing document of the
                  Financing
                  Credit Agreement,
                  No.  (Hereinafter
                  referred as the financing line agreement). Upon effectiveness of
                  this
                  Agreement, all its provisions shall be consolidated in the financing
                  line
                  agreement as a part of the agreement (If the Client and the Lender
                  have
                  entered into a financing line agreement, this item shall be selected
                  and
                  the serial number of the financing line agreement shall be specified.);
                  

              

      

    

     

    
      
        	x	
                This
                  Agreement shall constitute an independent loan document between
                  the Client
                  and the Lender (If the Client and the Lender has not entered into
                  a
                  financing credit agreement, this item shall be selected.)
                  

              

      

    

     

    
      
        	o	
                The
                  purpose of the loan under this Agreement is borrowing to repay,
                  which the
                  guarantor has already understood.

              

      

    

    
      Name
        of
        original agreement: 

      Date
        of
        Execution: 

      Serial
        Number: 

      (If
        purpose of the loan is borrowing to repay, this item shall be checked.)

    

     

    
      	
              2. Description
                of the Loan Facility

               

              (If
                the financing credit agreement executed by the client has provided
                for the
                interest rate and penalty interest rate in respect of the Loan, then
                it is
                not necessary to fill in relevant columns in this Agreement.)
                

            

    

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    
      	
              Category
                of Short Term Loans: 

              A.
                Fixed Period Short Term Loan

              B.
                Short Term Loan Can Be Lent and Repaid at Any Time. 

            	 

    

     

    
      	
              Currency

            	
               

            	
              Amount

            	
               

            	
              Category

            	
               

            	
              Withdrawal
                Date

            	
               

            	
              Due
                Date of(or Period)

            	
               

            	
              Interest
                Rate

            	
               

            	
              Manner
                of Interest Settlement

            	
               

            	
              Penalty
                Interest Rate

              for
                Overdue Repayment

            	
               

            	
              Penalty
                Interest Rate

              for
                Appropriation

            	 
	
              RMB

            	 	 	
              20,000,000

            	 	 	
              A

            	 	 	
              Oct.24
                2007

            	 	 	
              Oct.23
                2008

            	 	 	
              7.29

            	
              %

            	 	
              Interest
                payment by quarters

            	 	 	
              10.935

            	
              %

            	 	
              10.935

            	
              %

            
	
            	 	 	 	 	 	 	 	 	
              Oct.24
                2007

            	 	 	
              Oct.23
                2008

            	 	 	 	 	 	
               

            	 	 	 	 	 	 	 

    

     

    
      	
              Description
                of repayment mode: 

            	 
	 	 
	
              Instructions:
                The RMB interest rate is yearly interest rate. In case of floating
                interest rate, floatation period shall be specified. In case of Fixed
                Period Short Term Loan, due date shall be filled in. Due date of
                in case
                of Short Term Loan of Borrowing and Repaying at Any Time refers to
                the
                date of latest repayment of Client. 

            
	 
	
              3. Description
                of Guaranty

               

              (If
                the client financing line agreement has provided for the guarantee,
                then
                it is not necessary to fill in the relevant blanks in this
                Agreement.)

               

            
	
              Guarantor:

            	
              Wuhan
                Blower Co., Ltd, Xu Jie, Xu Hong Sheng

              ZD7005200728020001

              ZB7005200728021401

              ZB7005200728021402

              ZB7005200728021403

            	
              Guaranty
                Mode:

            	
              
                x Mortgage;

                o Pledge;

                x Surety

              

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    4. General
      Provisions

     

    The
      Client hereby confirms that it has read and agrees to the following general
      provisions of the loan agreement: 

     

    
      	
              1.

            	
              Revocation
                by Lender:
                After the Lender executes this Agreement, the Lender may revoke the
                loan
                commitment under this Agreement at any time unless it actually grants
                the
                Loan applied by the Client to the Client according to this Agreement.
                

            

      	 	 

    

    
      	
              2.

            	
              Measure
                of Interest Payment: Unless
                it is expressly stated, measure of interest payment under this Agreement
                shall be calculated each day and clearance of interest along with
                the
                principal.

            

      	 	 

    

    
      	
              3.

            	
              Delivery
                of Documents:
                The Client undertakes that it shall provide the following documents
                to the
                Lender or satisfy corresponding requirements prior to the withdrawal.
                The
                Lender shall have no obligation to examine the authenticity of these
                documents: 

            

      	 	 

    

    
      	 	
              (1)

            	
              Copies
                of the latest articles of association and business license of the
                Client;

            

      	 	 	 

    

    
      	 	
              (2)

            	
              Board
                of directors resolutions authorizing the Client to execute this Agreement
                and related subsidiary financing documents (In the event that articles
                of
                association of the Client limit agreements execution powers of the
                legal
                representative); and

            

      	 	 	 

    

    
      	 	
              (3)

            	
              Client’s
                power of attorney in respect of its authorized representative and
                sample
                of signature of the authorized
                representative.

            

      	 	 	 

    

    
      	 	
              (4)

            	
              This
                Agreement is legally and effectively executed by the
                Client;

            

      	 	 	 

    

    
      	 	
              (5)

            	
              The
                withdrawal date specified by the Client is a business day of the
                Lender.

            

      	 	 	 

    

    
      	 	
              (6)

            	
              In
                the event that the Loan under this Agreement is guaranteed, the guaranty
                documents have been executed and come into effect prior to the withdrawal.
                

            

      	 	 	 

    

    
      	 	
              (7)

            	
              Other
                documents/conditions required by the Lender from time to time.
                

            

      	 	 	 

    

    
      	
              4.

            	
              Withdrawals
                and Repayments Dates:
                In
                the event that specified withdrawal or repayment date is not a business
                day of the Lender, then specified withdrawal or repayment date shall
                be
                postponed to the subsequent business day of the Lender. Interest
                shall
                be charged during the postponed repayment period.
                

            

      	 	 

    

    
      	
              5.

            	
              Repayment
                in advance and acceleration of maturity:
                In
                case of Short-Term Loan of Borrowing and Repaying at Any Time, the
                Client
                may repay the loan at any time prior to the due date. In case of
                Fixed
                Period Short-Term Loan, if the Client intends to repay the loan ahead
                of
                schedule, the Client shall obtain written consent of the Lender and
                fully
                compensate the Lender for any costs and losses arising from the repayment
                in advance. Any repayment in advance shall be considered as the
                accelerating due of the loan. The Lender shall be entitled to inform
                the
                Client of accelerating due of the loan facility under this Agreement
                at
                all time without any causes, and the Client shall repay the loan
                immediately.

            

      	 	 

    

    
      	
              6.

            	
              Tax:
                Unless the law requires that the Client must deduct the relevant
                taxation
                when repaying the loan, the Client shall fully repay the loan under
                this
                Agreement without any deduction. If the Client must deduct the relevant
                taxation according to the laws, the Client shall pay the Lender extra
                sums
                in order to ensure that the amount received by the Lender is equivalent
                to
                the amount without any deduction. 

            

      	 	 

    

    
      	
              7.

            	
              Representations
                and Warranties:
                The Client makes the following warranties and representations and
                these
                warranties and representations shall be deemed as repeatedly effective
                as
                the Lender grants the Loan to the Client according to this Agreement
                each
                time: 

            

      	 	 

    

    
      	 	
              (1)

            	
              The
                Client is a company which is duly incorporated, organized under the
                laws
                of the PRC (Excluding Hong Kong, Macro Special Administrative Region
                and
                Taiwan Region, similarly hereinafter) and has the power and authority
                to
                execute this Agreement and any documents relating to this Agreement.
                Further, the Client has taken any necessary corporate actions so
                as to
                ensure this Agreement and any documents relating to this Agreement
                are
                legal, effective and enforceable; 

            

      	 	 	 

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (2)

            	
              Both
                the execution of this Agreement and the performance of the obligations
                under this Agreement by the Client have not and will not violate
                any other
                contracts or documents or articles of association executed by it,
                any
                applicable law, regulations or administrative rules, the related
                documents, rulings, decisions by the competent authorities or be
                inconsistent with any other obligations or arrangements by the Client.
                

            

      	 	 	 

    

    
      	 	
              (3)

            	
              There
                are no liquidation, bankruptcy, reorganization, merger, division,
                consolidation, winding-up, close-down, or other similar legal procedures
                against the Client, its any shareholder or its affiliates; and no
                circumstances which would probably result in or concern with such
                procedures occur;

            

      	 	 	 

    

    
      	 	
              (4)

            	
              There
                is no economic, civil, criminal, administrative litigation procedure
                or
                similar arbitration procedures against the Client and no circumstances
                which would probably result in its involvement in such litigation
                or
                arbitration procedures; 

            

      	 	 	 

    

    
      	 	
              (5)

            	
              There
                is no enforcement, close down, seizing, freezing, pledge or regulatory
                measures against the legal representative, directors, supervisors,
                other
                senior management or any significant assets of the Client;
                

            

      	 	 	 

    

    
      	 	
              (6)

            	
              The
                Client undertakes that all the financial statements (If any) issued
                by it
                shall comply with the laws of the PRC and truly, completely and fairly
                reflect its financial conditions. All the materials, documents or
                information relating to itself and the guarantor provided by the
                Client to
                the Lender during the course of execution and performance of this
                Agreement shall be true, effective, accurate, complete without any
                concealing or omission; 

            

      	 	 	 

    

    
      	 	
              (7)

            	
              The
                Client shall strictly comply with the laws and regulations during
                the
                course of ordinary business and carry out various activities in accordance
                with the business scope specified in business license of the Client
                or
                verified according to the laws and conduct annual registration inspection
                timely. 

            

      	 	 	 

    

    
      	 	
              (8)

            	
              The
                Client undertakes that there are no other circumstances or events
                which
                may cause material adverse effect on performance ability of the Client.
                

            

      	 	 	 

    

    
      	
              8.

            	
              Undertakings:
                The
                Client hereby undertakes as follows:

            

      	 	 

    

    
      	 	
              (1)

            	
              The
                Client shall strictly comply with and perform various obligations
                under
                this Agreements:

            

      	 	 	 

    

    
      	 	
              (2)

            	
              The
                Client shall repay the principal and interest hereof and related
                expenses
                in accordance with provisions of this Agreements; the Client shall
                conduct, obtain and comply with all the approval, authorization,
                registration, license as required by applicable law, and maintain
                the
                effectiveness of the aforesaid to enable itself legally execute this
                Agreement and performance all the obligations under any documents
                related
                to this Agreement. The Client shall present relevant certificate
                or proof
                if required by the Lender. 

            

      	 	 	 

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (3)

            	
              Within
                five (5) business days after being involved in any economic, civil,
                criminal, administrative litigation procedures or similar arbitration
                procedures which could cause material and adverse effect on itself,
                or
                knowing that its significant assets are involved in any enforcement,
                seizing, close-down, freezing, lien or supervisory measures, the
                Client
                shall notify the Lender of the above matters in writing and specifically
                explain the influence and the remedial measures which have been taken
                or
                planed to be taken; 

            

      	 	 	 

    

    
      	 	
              (4)

            	
              Without
                the written consent of the Lender, the Client shall not settle any
                large
                amount of liability payable to the third party other than the Lender
                or
                perform any guaranty liability. 

            

      	 	 	 

    

    
      	 	
              (5)

            	
              Without
                the written consent of the Lender, the Client shall not make itself
                liable
                to any large amount of liability or contingent liability or intend
                to
                offer any guarantee with priority against other liabilities payable
                by
                itself or any third party. During the period from execution date
                of this
                agreement to the full repayment of the liability under this Agreement,
                without the written consent of the Lender, the Client shall
                not:

            

      	 	 	 

    

    
      	 	
              a.

            	
              Carry
                out the legal procedures such as liquidation, reorganization, bankruptcy,
                takeover, consolidation, restructuring, dissolution, closing, winding
                up
                or similar legal procedures; 

            

      	 	 	 

    

    
      	 	
              b.

            	
              Dispose
                of any material assets by selling, leasing, gifting, transfer or
                any other
                means not for the purpose of ordinary operation;
                

            

      	 	 	 

    

    
      	 	
              c.

            	
              Change
                its shareholding structure; 

            

      	 	 	 

    

    
      	 	
              d.

            	
              Enter
                into the contracts/agreements which may have material and adverse
                effects
                on the Client’s ability to perform the obligation under this Agreement or
                bear the related obligations which have the same effects.
                

            

      	 	 	 

    

    
      	 	
              (6)

            	
              In
                the event that there are some special circumstances or changes in
                relation
                to the guarantee under this Agreement, the Client shall timely provide
                such other guarantees as agreed by the Lender upon the request of
                the
                Lender. These special circumstances or changes include but do not
                limit
                to: the guarantor is closed, liquidated and suspended of operation
                for
                 rectification; its business license is revoked or cancelled; the
                Client
                applies for reorganization and bankruptcy or is required of reorganization
                and bankruptcy; there are great changes in case of the operational
                or
                financial conditions; involving in material litigation or arbitration
                cases; its legal representative, directors, supervisors or key managements
                committed crimes; the value of the collateral decreases or the collateral
                is imposed on protective measures such as seal up; the guaranty contract
                is violated or is required to be rescinded, etc.
                

            

      	 	 	 

    

    
      	 	
              (7)

            	
              Upon
                the request of the Lender, the Client shall go through procedures
                of
                public notary which has the validity of enforcement with the public
                notary
                authorities designated by the Lender at the Client’s expense.
                

            

      	 	 	 

    

    
      	 	
              (8)

            	
              The
                Client shall notify the Lender of any events which may impair the
                Client’s
                ability to perform this Agreement or the obligations under any documents
                in relation to this Agreement. 

            

      	 	 	 

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    9.
      Expenses
      and Costs: In
      case
      of the fees in connection with the amendment and execution, enforcement, public
      notary, registration to any documents related to this Agreement incurred by
      the
      Lender, the Client shall immediately compensate the Lender for these fees upon
      the request of the Lender, except for the taxation payable by the Lender subject
      to the specified regulations of the law. The Client shall pay the stamp tax
      and
      other taxes in connection with this Agreement and any documents relating to
      this
      Agreement. 

     

    10.
      Penalty Interest Rate: As
      to any
      sums due and payable by the Client to the Lender, the Client shall pay the
      penalty according to the unpaid liability (including unpaid interest) during
      the
      period from the due date to the date of actual repayment. The penalty shall
      be
      settled each month (including any penalty for appropriation, if any) and
      compound interest shall be calculated monthly. 

     

    11.
      Authorized
      Repayment and Offset:
      The
      Client hereby authorizes the Lender, in case of any failure to repay any due
      liability payable by the Client to the Lender, whether the debt is under this
      Agreement or not, to repay the liability by transferring the sums under the
      Client’s account (without considering which currency kind) at the Lender. This
      authorization is irrevocable. If the issue of exchange rate conversion is
      involved, the Lender shall convert in accordance with the exchange rate
      determined by the Lender and the Client takes the exchange rate risk.

     

    12.
      Certificate
      of Indebtedness:
      The
      Lender shall maintain a set of accounts and supporting evidences in its
      accounting books which relate to the business activities mentioned in this
      Agreement in accordance with its consistent business operational standards.
      Except for the obvious mistakes, the Client shall admit that the records
      relating to the accounts and supporting evidences are the effective evidences
      in
      case of the liability payable by the Client. 

     

    13.
      Assignment: The
      Client shall not assign any rights or obligations under this Agreement. The
      Lender shall have the right to assign its rights or obligations under this
      Agreement to any third party at any time and disclose any information relating
      to this Agreement to the third party, including any information provided by
      the
      Client or the guarantor of the Client for the purpose of this Agreement.

     

    14.
      Disclosure
      of Information:
      The
      Client consents that except for the permitted disclosure in Section 13, the
      Lender shall also have the right to disclose any information in relation to
      this
      Agreement to its headquarter, branches, affiliates and the staff employed by
      these organizations. Meanwhile, the Lender shall have the right to disclose
      information subject to the requirements by the law or regulations and the
      governmental authorities or judicial authorities. 

     

    15.
      Default:
      Any
      violations of any representations and warranties under this Agreement or such
      representations and warranties being proved to be inaccurate, false, having
      omission, misleading, or breached, and/or the Client violating or failing to
      perform any undertakings under this Agreement, and/or the Client’s violation of
      any provisions of this Agreement, and/or occurrence of any circumstances under
      which safety of the Loan may be impaired, and/or the guarantor violating any
      provisions of the guaranty document, shall all constitute Client’s default of
      this Agreement. The Lender shall have the right to declare the accelerating
      due
      of the loan and compensate the Lender for all losses including the attorney
      fees. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    16.
Special
      provisions for group client(s):
      In case
      of group clients, the Client hereby consents that: (1) the Client shall timely
      report the related transactions involving of no less than 10% net assets of
      the
      actual grantee of the loan, including: a. the related relationship between
      the
      parties to transaction; b. projects and nature of transaction; c. the sums
      of
      transaction or corresponding percentage; d. pricing policy (including the
      transaction with no sums or symbolic sums); (2) The Lender shall have the right
      to unilaterally cancel the facility which has not been used by the Client,
      withdraw part or all of the facility which has been utilized by the Client
      or
      require the Client to provide up to 100% deposit under one of the following
      circumstances: a. providing false materials or concealing material operational
      and financial facts; b. without the consent of the Lender, the Client altering
      proposed use of the facility , appropriating the facility or carrying on illegal
      transactions by using the loan facility; c. the Client defrauds the bank capital
      or facility by utilizing the false contract with the related party or
      discounting and pledging the note receivable or accounts receivable without
      actual trading background at the Bank; d. refusing the Lender’s supervision and
      investigation on the use of bank facility and the related operational and
      financial activities; e. arising material mergers, acquisitions or
      reorganization and the Lender believes that the safety of the facility may
      be
      affected; f. intentionally evading or abolishing bank creditor rights through
      related transactions. 

     

    17.
      Other
      provisions agreed: [None]

     

    18.
      Applicable
      laws and judicial jurisdiction: This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      PRC (Excluding Hong Kong, Macro Special Administrative Region and Taiwan
      Region). Any disputes in connection with this Agreement shall be under the
      non-exclusive jurisdiction of the People’s Court in the locality of the Lender.

     

    19.
      Service of process in litigation:
      The
      Client confirms that in case of any litigation in connection with this
      Agreement, serving of the judicial documents such as summons and notices during
      the course of litigation on it to the address specified in the beginning of
      this
      Agreement shall be considered as duly being served. Any alteration of the above
      address shall not be effective to the Lender unless notification is given to
      the
      Lender in advance. 

     

    20.
      Severability of provisions: The
      ineffectiveness, invalidity or unenforceability of any provisions shall not
      affect the effectiveness, validity or enforceability of other provisions of
      this
      Agreement. 

     

    21.
      Waivers:
      During
      the effective term of this Agreement, any extension or delay of carrying out
      actions in case of any breach or other actions by the Client shall not impair,
      affect or restrict all the rights or interests under the law or this Agreement
      applicable to the Lender as the creditor or be considered as the approval for
      the actions by the Client which are in violation of this Agreement, or even
      be
      considered as the waiver of the right to take measures in case of the current
      or
      pending actions of breach by the Client. 

     

    22.
      Consistency of the Financing Line Agreement:
      In the
      event of any inconsistence between the Financing Credit Agreement (If any,
      including its effective amendments as made from time to time) and this
      Agreement, this Agreement shall prevail. 

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    23.
      Execution:
      This
      Agreement is executed in four original copies. The Client keeps one (1) copy
      and
      the Lender keeps three (3) copies. This Agreement, after signed or sealed by
      legal representatives/ heads or authorized agents of the Parties, shall become
      effective from the date of application. 

    

    
      	
              Execution
                Column

               

              Both
                Parties confirm that at the time of execution of this Agreement,
                all
                articles of this Agreement have been explained and discussed in detail.
                Both Parties have no doubts on all articles of this Agreement and
                have
                correct understandings of the legal meaning of the rights or obligations
                and liability restriction or exemption
                clauses.

            
	 	 	 
	
              Client
                (Seal): 

               

              Wuhan
                Generating Equipment Co., Ltd. (Seal)

               

               

              Legal
                Representative or Authorized Agent (Signature or Seal): 

               

              Xiao
                Jixin (Seal)

            	 	
              Lender
                (Seal): 

               

              Shanghai
                Pudong Development Bank Wuhan Branch 

              (Appropriative
                Seal for Loan Contract)

               

              Legal
                Representative or Authorized Agent (Signature or Seal) 

               

              Li
                Fan(Seal)

               

            

    

     

    
      
        
        

      

      
        8

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