Document:

Maximum
      Credit Volume Loan Agreement (TRANSLATION)

    

    Borrower:
      Long-e Technology (Shenzhen) Co., Ltd

    Legal
      representative: Bu Shengfu

    Official
      address: Block C, Seaside Industry Zone, Xingye Rd., Xi’xiang, Bao’an District,
      Shenzhen

    Post
      address: C-6F, Huahan Chuangxin Block, Keyuan Rd., Hi-tech Industry Zone,
      Nanshan District, Shenzhen

    

    Lender:
      Bank of Communications Shenzhen Huafu Branch

    Representative:
      Li Canzhou

    Post
      address: 1st
      Floor,
      Zhonghang Building, Zhenhua Rd., Futian District, Shenzhen

    

    Whereas,
      borrower applies for the credit volume from lender, both parties herein entered
      into an agreement based on friendly negotiation to defined responsibilities
      of
      each others.

    

    I.
      Content of Credit

     

    1.1
      The
“credit volume” hereinafter, with respect to articles of this agreement, which
      refers to 1) maximum amount of balance of loan lent to borrower by lender
      (applicable to recycling loan), or 2) maximum credit volume offered to borrower
      accordingly (one-off credit volume shall apply). “Balance of Loan” refers to
      total volume of principal for obtained but uncleared line of credit acquired
      by
      borrower herein. “Total credit volume” refers to total amount of principal
      obtained by borrower pursuant to agreement herein. “Balance of credit volume”
refers to amount acquired by credit volume deducting balance of loan( applicable
      for recycling credit), or credit volume deducting total volume of loan
      (applicable for one-off credit volume). “Period of credit” refers to offering
      period of loan which pursuant to borrower’s application and provisions or
      definitions herein, referring to the occurrence period of loan not loan period,
      which would be defined in relevant “Application for Credit Volume”.

    

    1.2
      Currency of credit: RMB; Amount in capital: Twenty million RMB;

    

    1.3
      Division of Credit Volume as follow:

    þRMB
      twenty millions (currency and amount) liquid capital credit volume, may use
      for
þRMB □                               
      (currency);

     

    □one-off
      credit volume þ
      recycling volume □                                 (currency
      in capital)

                       
       (project)
      loan for fixed assets should be one-off credit loan, may use □RMB
      □                            
      (currency).

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    1.4
      Classified credit volume defined in provision 3.1 refers to maximum amount
      of
      relevant type of credit balance(applicable for recycling credit volume) or
      maximum amount for total volume of loan(applicable for one-off credit volume).
      Any kind of loan will be restricted by its relevant classified credit (defined
      in provision 1.3 herein that each applicable type of classified credit volume
      with respect to each kind of credit loan) volume as well as total credit
      volume.

    1.5
      Credit period from January 15th
      ,2008 to
      January 15th
      ,2008.

    

    1.6
      If
      the loan is recycling, borrower could make multiple applications for applicable
      credit volume for obtaining of loan pursuant to provision defined herein,
      however, balance of loan could not exceed credit volume. If the loan is one-off,
      borrower could make multiple applications for applicable credit volume for
      obtaining of loan pursuant to provision defined herein under the condition
      that
      the total loan volume could not exceed agreed limit.

    

    II.
      Use
      of credit volume

     

    2.1
      Borrower shall make applications to lender for five working days ahead at least
      for use of credit volume. In the process of application, borrower shall fill
      in
“Application for Credit Volume”. The application shall be reviewed and get
      consent from lender before use.

    

    2.2
      Each
      use of credit volume shall comply with all following provisions:

    (1)
      Loan
      balance (applicable for recycling credit volume) or total credit volume
      (applicable for one-off credit volume) would not exceed total maximum amount
      of
      loan as well as relevant classified credit volume;

    (2)
      Credit volume applied shall not exceed loan balance;

    (3)
      Application date and offering date shall be later than expire date of credit
      period;

    (4)
      Purpose for applied liquid capital loan shall limit in working
      capital;

    (5)
      Loan
      period for applied liquid loan shall not more than 12
       þ
      month
□year,
      furthermore, offering date of gross loan shall not later than July
      15th
      ,2009;

    (6)
      If
      there are guarantee contracts under this loan agreement have entered into force
      and continuously come into effect, moreover, these guarantee contracts shall
      be
      mortgage contracts or pledge contracts, the guaranteed property rights shall
      be
      set up and continuously come into effect;

    (7)
      Borrower shall finish procedures for official permission, approval or
      registration requested by lender in process of loan application, and all the
      necessary permission, approval or registration shall keep continuously come
      into
      effect;

    (8)
      Operation and financial conditions of borrower shall not have adverse
      changes;

    (9)
      Application by borrower shall meet requirements of relevant regulations and
      bylaws of lender;

    (10)
      Borrower does not have violation on provision herein;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (11)
      Other provisions shall be requested for application of fixed assets
      loan:

    
      
        	 
	 

      
  

    2.3
      Lender shall stamp chop on “Application for Credit Volume” after its review on
      borrower’s application and offering of loan. Currency, amount, use, interest
      rates, period, offering date and returning date of each loan will pursuant
      to
“Application for Credit Volume”.

    

    2.4
      Use
      conditions of loan will get the reference from documents, certificates and
      documentation maintained by lender.

    

    2.5
      If
      currency on “Application for Credit Volume” is different from which in credit
      volume, it is only used for confirming credit volume, currency shall be
      converted by started conversion rate announced by bank of
      communications.

    

    2.6
      If
      borrower becomes a shareholder or “actual holding person” which defined in
      Corporation Law of guarantor, lender has right to suspend or cancel the
      unutilized credit volume under the condition that guarantor has provide the
      lender acceptable written consent of shareholder meeting on approving to provide
      guarantee services to borrower.

    

    III.
      Calculation and Payment of Interest Rate and Interest

     

    3.1
      Interest rate shall be determined dually by both parties pursuant to lender’s
      interest rate system as well as the records in each “Application for Credit
      Volume”.

    Daily
      interest rate= monthly interest rate/30

    Monthly
      interest rate= annual interest rate/12

    

    If
      record
      in “Application for Credit Volume” is fixed interest rate in RMB, so that this
      loan shall perform fixed interest rate among loan period.

     

    If
      record
      in “Application for Credit Volume” is floating interest rate in RMB, and if
      People’s bank adjusts benchmark interest rate, therefore, lender is entitled to
      adjust interest rate of relevant loan accordingly, adjustable rate shall keep
      the same range and be applicable since the rate adjusting date. If People’s bank
      adjusts the benchmark interest rate to be floating one or cancelled benchmark
      interest rate among loan period, both parties shall negotiate on loan interest
      rate separately, and the adjusted rate shall not be lower than current interest
      rate. If both parties would not enter into an agreement on adjustment of
      interest rate over one
      month
      after
      adjusting date announced by People’s bank, lender has the right to announced all
      loans under the agreement herein shall be expired advanced in
      total.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.2
      Calculation of Interest

    3.2.1
      Normal interest = agreed interest rate in agreement herein* loan volume * number
      of using days

    Using
      days shall be calculated from loan offering date to repayment date.

     

    3.2.2
      Penalty interest for overdue loan shall accordance to loan penalty interest
      rate, calculating by overdue amount and actual delaying days. Penalty interest
      rate shall be: if the loan offers in RMB, the penalty rate shall add 100% on
      interest rate recorded in “Application for Credit Volume”; if the loan shall
      offer in foreign exchange, the penalty rate shall add                          
      on
      interest rate recorded in “Application for Credit Volume”.

    

    3.2.4
      If
      overdue or misappropriate loan by floating rate meets the adjustment of
      benchmark interest rate performed by People’s bank, therefore, lender has right
      to adjust penalty interest rate accordingly and perform new penalty interest
      rate since the adjusting date of interest announced by People’s
      bank.

    

    3.3
      Loans
      under the agreement herein shall take the
      (2)
method
      of
      interest calculation, borrower shall pay back loan principal and interest in
      total. Interest calculation date shall be the interest repayment date as
      well:

    (1)
      Interest shall be calculated on the 20th
      day of
      the third month at the end of a quarter;

    (2)
      Interest shall be calculated on the 20th
      date at
      the end of every month.

    

    3.4
      Other
      provisions on interest

    
      
        	 
	 

      
    

    IV.
      Statement and Guarantee of Borrower

     

    4.1
      Borrower established accordance with the law, having necessary capacity for
      right in order to perform duties and obligations herein and undertake civil
      liability.

    

    4.2
      Signing and performing this agreement is the real meaning of expression by
      borrower, and get all requested consent, approval and authority without existing
      any legal flaws.

    

    4.3
      All
      documents, statements, data and information, which are provided by borrower
      to
      lender in process of signing and performing this agreement, shall be true,
      accurate, complete and effective, without hiding any information which would
      influence borrower’s financial conditions and repayment ability.

    

    4.4
      Borrower could not be shareholder of guarantor or “actual holding person”
defined in Corporation Law, furthermore, borrower do not have schedule of
      becoming shareholder of guarantee or actual holding person.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    V.
      Duties
      and Obligations of Lender

     

    5.1
      Borrower shall have right to recover loan principal, interest rate (including
      compound interest, penalty interest of overdue and misappropriate loan) in
      total
      accordance to the agreement herein, as well as charging expenses payable by
      borrower and perform all other obligations or rights determined by laws,
      regulations or provisions herein applicable.

     

    5.2
      All
      the commercial secrets and financial information, operation information or
      other
      information shall be confidential which indicated by borrower, under the
      conditions that should be disclosed by applicable laws, regulations or other
      specifications or agreement, lender must not disclose anything to anyone else
      or
      the third party without written consent from borrower.

    

    VI.
      Duties
      and Obligations of borrower

     

    6.1
      Borrower shall repay loan principal and relevant interest pursuant to the
      determined time, amount, currency and interest rate recorded in “Application for
      Credit Volume” and agreement herein. Borrower shall not pay back loan advanced
      without written consent of lender.

    

    6.2
      Borrower shall use the loan by the credit volume and purpose accordance to
      agreement herein and “Application for Credit Volume” respectively.

    

    6.3
      Borrower shall undertake expenses under the agreement, excluding notarization
      fee, identification charges, assessment fee and registration fee,
      etc..

    

    6.4
      Borrower shall accorded the operation systems and practices for lender and
      loan,
      including but not limited to the lender’s supervision on the conditions of use
      and operation of borrower, provide all requested financial statements, other
      data and information timely by lender as well as ensure all the submitted
      documents, data or information shall be true, complete and
      accurate.

    

    6.5
      Borrower shall make written notice 30 days ahead to lender if meet one of
      conditions mentioned below or ahead the date of liquidating all the loan
      principal or provide lender receivable repayment plan and
      guarantee:

    (1)
      sell,
      donate, rent, loan, transfer, mortgage, ledge or use other methods to deal
      with
      total or partial assets or essential assets;

    (2)
      operation system or property organization form have great changes, including
      but
      not limited to implementation of contractor, leasing, joint venture, reformation
      of cooperation system, reformation of stock cooperative system, sell of
      business, merger, establishment of subsidiaries, property right transfer,
      capital reduction, etc..

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.6
      Borrower shall make written notice 7days ahead to lender when meet anything
      mentioned below:

    (1)
      amendment of bylaws, change of company’s name, legal representative, location,
      address or business scope and other business registration affairs, or decisions
      which having significant impact on financial or personnel aspects;

    

    (2)
      borrower or guarantor scheduled to apply for bankrupt or possibly being bankrupt
      by loaner;

     

    (3)
      with
      respect to significant litigant, arbitral or administrative measures, or, main
      assets or guaranteed materials have been take property protection or other
      coercive measures;

    (4)
      to
      provide guarantee for third party, and so business condition, financial
      condition or capacity for performing agreement herein which shall have
      significant adverse effects;

    (5)
      to
      sign contracts which shall have significant adverse effects on borrower’s
      business and financial conditions;

    (6)
      suspend operation, shut down, dissolution, stop operation for consolidation
      or
      withdraw of business license of borrower or guarantee;

    (7)
      borrower or legal representative or managerial officers of borrower broke law
      or
      breach business rules;

    (8)
      operation have significant difficulties, or have deterioration on financial
      conditions, or things may influence borrower’s operation condition or financial
      condition or repaying capacity happened;

    (9)
      have
      related business and business amount has reached or over 10% of assets currently
      audited;

    (10)
      borrower become or possibly become shareholder or “actual holding person” which
      defined in Corporation Law before repaying debt in total.

    

    6.7
      If
      guarantee under agreement herein has changes not conducive to lender’s claim,
      borrower shall provide other guarantee acceptable and requested by
      lender.

    

    “Changes”
      herein refers to and not limited to: merger, separate, suspend operation, shut
      down, dissolution, stop operation to consolidation, being withdrew of business
      license, apply or being applied for bankrupt of guarantee; operation conditions
      or financial conditions of guarantor have significant changes; guarantor
      concerning significant litigant, arbitral or administrative measures, or main
      assets have been taken property protection or other coercive measures; value
      reduction of collateral or possible reduction or being quarantined and other
      property protection measures; legal representative or managerial officers of
      borrower broke law or breach business rules; guarantee being lost or
      death(announced to be death)if it is an individual; guarantee breach the
      provision of agreement within; guarantee has controversy with borrower;
      guarantee requests to cancel the guarantee contract; guarantee contract does
      not
      effective or being cancelled; collateral has not being set up or ineffective;
      other things influencing safety of lender’s loan, etc..

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    VII.
      Other
      provision determined 

     

    Whether
      the credit volume could be offered shall depend on requirement on the control
      of
      loan volume.

    

    VIII.Adjustment
      of credit volume and expired in advance of loan

     

    Lender
      has right to lower, suspend or cancel volume under agreement herein, announcing
      borrower’s loan under this agreement to be partially or totally expired in
      advance and repay principal and interest in total if occurs anything mentioned
      below:

     

    (1)
      borrower does not pay back loan principal or interest accordance to “Application
      for Credit Volume” agreed;

    (2)
      statements and guarantee made in article four by borrower are
      untrue;

    (3)
      borrower breaches other provision of agreement herein;

    (4)
      listing in article 6.6 really occurred, and lender considers it will influence
      safety of its loan;

    (5)
      borrower delayed performs agreement and does not take corrective actions after
      lender’s notice.

    

    IX.
      Violation of agreement

     

    9.1
      Borrower does not pay back loan principal, interest fully or does not use loan
      by agreed purpose, lender shall take penalty interest accordance to overdue
      interest rate or misappropriate interest rate, as well as compound interest
      accordingly.

    

    9.2
      Borrower shall undertake reminder charges, litigation fee (or arbitration fee),
      protection fee, notice fee, implementation fee, legal fee, traveling fee and
      other possible fee, if borrower does not repay loan principal, interest fully
      on
      time.

    

    9.3
      If
      the borrower have actions relating to escaping supervision of lender, arrearing
      loan principal and interest, maliciously escaping existing debts, lender has
      right to announce its actions on media.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    X.Provision
      on loan offering

     

    10.1
      Borrower shall authorize lender that, if there is any expired loan principal,
      interest, penalty interest or other expenses, lender shall have right to charge
      back all above-mentioned fees from borrower’s account which has set up in Bank
      of Communications.

    

    10.2
      Lender shall notice borrower about the information of account number, contract
      number, number of “Application for Credit Volume”, number of loan document and
      remaining debt of being charged account.

    

    10.3
      If
      being charged cash is not fully paid for loan, it shall use to repay expired
      debt firstly. If repayment of loan principal and interest shall not overdue
      within 90days, balance of repayment shall pay back expired interest or penalty
      interest and compound interest ahead of paying principal unexpired; if loan
      principal and interest overdue and delayed more than 90 days, the balance of
      repayment shall pay back expired loan principal ahead of unexpired interest,
      penalty interest or compound interest.

    

    10.4
      If
      currency in charge is different from being repayment, it shall use exchange
      rate
      which is announced by Bank of Communications to transfer currency shall be
      paid
      back.

     

    XI.
      Settlement of Controversy

     

    11.1
      Any
      controversy, claim or dispute arising out of, relating to or in connection
      with
      this Agreement shall apply for arbitration by jurisdiction court in the location
      of lender. In the period of arbitration, both parties shall continue performing
      non-controversial provisions.

    

    XII.Others

     

    12.1Duly-undersigned
      “Application for Credit Volume”, “Loan Certificate” and other relevant documents
      and documentation shall be integral part of agreement herein.

    

    12.2
      This
      agreement shall be dually signed by legal representatives or authorized offiers
      of both borrower and lender and stamped company chop to come into
      effect.

    

    12.3
      This
      agreement shall have three original maintained by dually undersigned parties
      and
      Guarantor.

    

    
      	
              Borrower
                (Company Chop)

            	 	
              Lender
                (Company Chop)

            
	 	 	 
	
              /s/
                Bu Shengfu

            	 	
              /s/
                Li Canzhou

            
	
              Signature

            	 	
              signature

            
	
              Legal
                representative or authorized Officer

            	 	
              Legal
                representative or authorized officer

            
	 	 	 
	
              Date
                : January 16, 2008

            	 	
              Date:
                January 16, 2008Maximum
      Volume Guarantee Agreement
      (TRANSLATION)

     

    
      

    

    Important
      Notice

    Guarantor
      shall carefully read content of this guarantee agreement, especially the content
      marked ▲▲.
      Please
      contact loaner for explanation if you have any question.

    
      
 

    
      Guarantor:  Bu Shengfu

      Legal representative:                                                                                                                      &
#160;                                                  

      Type of certificate:  ID card  Card no.:  420106196606165096

      Location of residence: Room 4-307, Lianhua Bei, Futian District, Shenzhen,Guangdong

      Post address:                                                                      Postal Code:                 
60;                                                                         

      Telephone:                                                                                                                         
;                                                                  

      

      Loaner: Bank of Communications Co., Ltd Huafu   Branch

      Representative: Li Canfu

      Postal address: 1st Floor West, Zhonghang Building, Futian District, Shenzhen

    

    

    Whereas,
      Long-e
      Technology (Shenzhen) Co., Ltd (hereunder
      refers to “debtor”) dually signed the main contract (Contract no.):
      BCMS4433102008L100000000 ,
      Name:
Maximum
      Volume Guarantee Agreement .
      In
      order to realize the loan shall be continuously realized, guarantor agrees
      to
      offer the guarantee for maximum volume.

    

    Both
      guarantor and Loaner come into an agreement to identify obligations and duties
      of both parties.

    

    I.
      Main
      Credit Claims

     

    1.1
      Guarantor offered guarantee services for total main loan which are main loan
      claims under main agreement, including all types of loan, import trade, import
      financing collecting, financing for import, export trade, collection for export
      financing, financing for export invoices, packing credit and other financing
      offered by loaner, or, bank acceptance bill, letter of credit or back letter(
      including standby letter of credit) made by loaner to have right on loan
      (including or having).

     

    When
      main
      loan happened under main contract, loaner and debtor shall dually agreed on
      currency, amount, interest rate and time limit of debt performance for relevant
      loan principal in record of “Application for Credit Volume”.

    

    1.2
      Scope
      of guarantee shall include principal, interest, compound interest, penalty
      interest, liquidated damages, damage compensation, and expenses for loan
      realization under main contract. Expenses used for loan realization shall
      include and not limited to overdue fee, litigation fee (or arbitration fee),
      protection fee, notice fee, performance fee, legal fee, traveling fee or other
      expenses.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Maximum
      volume under guarantee by guarantor shall be (currency in capital): said
RMB
      twenty millions only.
      Interest, expenses (if have) in scope of guarantee shall depend on
      reality.

     

    1.3
      Main
      credit relationship being guaranteed under agreement herein shall be identified
      on occurrence date of latest main credit relationship (refers to “identification
      date of main credit relationship”). Otherwise, the date of credit cancellation
      shall be the identification date of main credit relationship, if creditor
      cancelled credit volume depend on main contract.

    Main
      credit relationship or interest (including compound interest and overdue or
      misappropriate penalty interest) which continuously maintained until the time
      that guarantors undertake the obligations before identification date of main
      credit relationship (including that very day), fees used to realize credit
      relationship of loaner ( by provision 1.2 of agreement herein) or other relevant
      expenses totally included in the scope of guarantee contract
      herein.

    

    Occurrence
      of main credit relationship means actions that loaner offer loan, financing
      or
      make bank acceptance bill, letter of credit or back letter.

    

    II.
      Obligations and duties of guarantee

     

    2.1
      Guarantee under this agreement refers to guarantee with joint
      liability.

    

    2.2
      Guarantee period shall be calculated accordance to debt performance date
      recorded in “Application for Credit Volume” under main contract, if there are
      bank acceptance bill, letter of credit or back letter made, the date shall
      depend on advance date, same as follow). Guarantee period in each “Application
      for Credit Volume” shall start from expired date of debt performance date (or
      advance date) agreed in each Application for Credit Volume, until two years
      after the expired date of debt performance date (or advance date) agreed in
      each
“Application for Credit Volume”.

    

    “Application
      for Credit Volume” under main contract agreed that debtor may repay loan by
      installment. Guarantee period shall be calculated respectively, period shall
      start from expired date of debt performance date (or advance date) until two
      years after the expired date of debt performance date (or advance
      date).

    

    If
      loaner
      announces the loan under main contract shall be expired in advance, the expired
      debt performance date shall be the announced expired date instead.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ▲▲2.3
      Pursuant to provision 5 in “Guarantee Law of People’s Republic of China”, both
      parties under this agreement have entered into agreement especially
      hereunder:
      guarantee contract herein has separate effect out of main contract. Relevant
      provision in main contract cease in effect will not have influence on guarantee
      contract hereto. Guarantor shall undertake joint liability for compensation
      obligations if the main contract ceased in effect.

     

    ▲▲2.4
      Guarantor shall not make consent on amendment of content in main contract or
      “Application for Credit Volume”, otherwise, guarantee shall make consent on
      amendment on credit volume, credit period or expired date of main
      contract.

    

    ▲▲III.
      Guarantor’s statement and guarantee

     

    3.1
      Guarantor shall have civil capacity and full capacity for civil conduct (ensured
      to be natural person). Non-natural guarantor shall ensure to be exist and
      continue legally, having necessary capacity for right, and could undertake
      civil
      obligations and perform agreement herein in the name of itself.

    

    3.2
      To
      sign and perform agreement herein is the real meaning of expression of guarantor
      and have permitted by any necessary consent, approval and authorization without
      any legal flaws.

    

    3.3
      Guarantor shall ensure all documents, information or data provided to loaner
      to
      be true, accurate, complete and effective.

    

    3.4
      Debtor shall not the shareholder of guarantor or “actual holding person” which
      is defined in Corporation Law in the process of signing agreement
      herein.

    

    ▲▲IV.
      Guarantor’s obligations 

     

    4.1
      Guarantor shall repay any expired payable fee unconditionally, if debtor does
      not pay back loan, financing principal or loaner’s advance fee and relevant
      interest fully or partially on time.

    Guarantee
      agreed that: If main contract being influenced by mortgage guarantee or pledge
      guarantee offered by debtor or a third party, loaner shall have right to arrange
      the order of performance, as well as request guarantor pay back debtor’s total
      expired debt immediately without performance secured property right in advance;
      even if loaner waive secured property right or order of its right or change
      secured property right, guarantor shall still undertake guarantee obligations
      without cancellation.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.2
      Guarantor shall cooperate loaner engage in supervision or review on guarantor’s
      income and credit condition(if guarantor is a natural person), or financial
      and
      operation conditions (if guarantor is a unnatural person), and provide all
      financial report, other information or data requested by loaner, and keep all
      documents, data and information shall be true, complete and
      accurate.

    

    4.3
      Guarantor shall make written notice to loaner 30 days ahead and before all
      debts
      have been paid back, as if any conditions below-mentioned happened:

    (1)
      sell,
      donate, rent, loan, transfer, mortgage, ledge or use other methods to deal
      with
      total or partial assets or essential assets;

    (2)
      operation system or property organization form have great changes, including
      but
      not limited to implementation of contractor, leasing, joint venture, reformation
      of cooperation system, reformation of stock cooperative system, sell of
      business, merger, establishment of subsidiaries, property right transfer,
      capital reduction, etc..

    

    4.4
      Guarantor shall make written notice 7 days ahead to guarantor when anyone of
      below mentioned things happened:

    (1)
      amendment of bylaws, change of company’s name, legal representative, location,
      address or business scope and other business registration affairs, or decisions
      which having significant impact on financial or personnel aspects;

    (2)
      scheduled to apply for bankrupt or possibly being bankrupt by
      loaner;

    (3)
      with
      respect to significant litigant, arbitral or administrative measures, or, main
      assets or guaranteed materials have been take property protection or other
      coercive measures;

    (4)
      to
      provide guarantee for third party, and so business condition, financial
      condition or capacity for performing agreement herein which shall have
      significant adverse effects;

    (5)
      to
      sign contracts which shall have significant adverse effects on borrower’s
      business and financial conditions;

    (6)
      suspend operation, shut down, dissolution, stop operation for consolidation
      or
      withdraw of business license;

    (7)
      guarantor or its legal representative or managerial officers of borrower broke
      law or breach business rules;

    (8)
      operation have significant difficulties, or have deterioration on financial
      conditions, or things may influence borrower’s operation condition or financial
      condition or repaying capacity happened;

    (9)
      job
      and income of guarantor have great changes or change residence address (if
      guarantor is a natural person).

     

    4.5
      Before debtor has paid back all loan payable, guarantor shall not perform its
      right of recourse obtained to debtor or other guarantors.

    

    4.6
      If
      debtor becomes shareholder or actual holding person of guarantor before debtor
      repay all debts under main agreement, guarantor shall notice debtor at once
      and
      provide its written consent of meeting of shareholder on approval of offering
      guarantee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ▲▲V.
      Provision on loan offering

     

    5.1
      Guarantor authorized that loaner shall have right to charge from debtor’s or
      guarantor’s any account in Bank of Communications when there is/are any debt of
      debtor or guarantor.

    

    5.2
      Loaner shall notice guarantor about the information of account number, contract
      number, number of “Application for Credit Volume”, number of loan document and
      remaining debt of being charged account.

    

    5.3
      If
      being charged cash is not fully paid for loan, it shall use to repay expired
      debt firstly and charge according to below provision:

     

    (1)
      Under
      items of loan (except personal loan) or trade financing ( except import
      factoring), if repayment of loan principal and interest shall not overdue within
      90days, balance of repayment shall pay back expired unpaid interest or penalty
      interest and compound interest ahead of paying principal unexpired; if loan
      principal and interest overdue and delayed more than 90 days, the balance of
      repayment shall pay back expired loan principal ahead of unexpired interest,
      penalty interest or compound interest.

     

    (2)
      Under
      item of making bank acceptance bill, letter of credit, back letter and export
      factoring, balance of expenses after charged shall use to repay expired unpaid
      principal further to expired unpaid interest, penalty interest and compound
      interest.

    

    (3)
      Under
      item of personal loan, order of repayment shall accordance to relevant provision
      in main contract.

    

    5.4
      If
      currency in charge is different from being repayment, it shall use exchange
      rate
      which is announced by Bank of Communications to transfer currency shall be
      paid
      back.

    

    VI.
      Any
      controversy, claim or dispute arising out of, relating to or in connection
      with
      this Agreement shall apply for arbitration by jurisdiction court in the location
      of lender. In the period of arbitration, both parties shall continue performing
      non-controversial provisions.

    

    VII.
      Other
      articles

     

    ▲▲7.1
      If
      the guarantor has actions relating to escaping supervision of loaner, overdue
      principal and interest, maliciously escaping existing debts, lender has right
      to
      announce its actions on media.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    7.2
      Guarantor has carefully read main contract and confirm all
      articles.

    

    7.3
      Guarantee agreement shall enter into effect since the date that all below
      requirements have been fulfilled: (1) legal representative or authorized person
      of guarantor signed ( or stamped chop) and stamped chop; guarantor is a natural
      person; guarantor signed agreement; (2) legal representative or authorized
      person of loaner signed ( or stamped chop) and stamped company’s
      chop.

    

    7.4
      Guarantee agreement shall have 
      originals for guarantor, loaner and debtor maintain one original
      each.

    

    VIII.
      Other
      provisions

     

      
        

      

    

     

    
      
        

      

       

    

    
      
        

      

    

    Important
      Notice

    Guarantor
      has read all articles above, and loaner has make explanation by request,
      guarantor does not have nothing oppositive.

    
      
 

    
      
        	
                Guarantor
                  (chop / signature)

              	
                Loaner
                  (company’s chop)

              

      

    

     

    
      	
              /s/
                Bu Shengfu

            	 	
              /s/
                Li Canfu

            
	
              Legal
                representative or authorized

            	 	
              Legal
                representative or

            
	
              person

            	 	
              authorized
                person

            
	
              (chop
                / signature)

            	 	
              (chop
                / signature)

            
	 	 	 
	
              Signing
                date: January 16, 2008

            	 	
              Signing
                date: January 16, 2008

            

    

    

    Co-owner
      statement ( applicable for guarantor is a natural person):

     

    Me
      (name:                               
      type of
      certificate:                                                Certificate
      no.:                                                                                    )
      is
      guarantor’s spouse. I have carefully read and confirmed all the articles in this
      guarantee agreement, known and agreed guarantor to offer guarantee for debtor
      to
      loaner based on that guaranteed debt shall be mutual debt of spouse and paid
      back by mutually owned property of spouse.

     

    Signature
      of co-owner:

    Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}]]