Document:

English Translation of
Chinese Language Document

       

      
        
          

        

         

      

    

    Exhibit
10.39

    

    Maximum
Amount Guarantee Contract between Mr. Or Tin Man and Quanzhou Branch of Bank of
Communication (No.: 3550052009B100000706)

    

    
      Significant
Hint

      The
Guarantor shall carefully read this Contract text, especially articles marked by
55.
If any doubt, please feel free to submit for the debtee’s
explanation.

       

    

    

    Guarantor:
Tin Man Or

    Certificate
Type: __________ Certificate Code: ____________________

    Legal
(Domiciliary Register) Address:

    HouLin
Industrial Zone, Luoshan Street, JinJiang City, Fujian, China

    Correspondence
Address:

    HouLin
Industrial Zone, Luoshan Street, JinJiang City, Fujian,
China   PC:

    Tel:

    

    Debtee:  Quanzhou
Branch affiliated to Bank of Communications Co Ltd

    Principal:   Li
Xiaodong

    Correspondence
Address:   No.550 Fengzhe Street Quanzhou City, Fujian,
China

    

    Whereas Guanke (Fujian) Electron
Technological Industry Co Ltd (hereafter referred to as “Debtor”) and the Debtee
sign a master contract (No.: ______________, titled as: Comprehensive Credit
Contract ), the Guarantor is willing to offer a maximum guarantee for ensuring
realization of the Debtee’s or creditor's right consecutively incurred under the
master contract.

    

    To define right and responsibilities of
both parties hereto, the Guarantor and the Debtee, through mutual negotiation,
hereby agree to make this Contract as follows:

    

    Article I. Principal Creditor
Right

    

    
      	
            	
              1.10

            	
              The
      Guarantor guarantees that the principal creditor right pertain to all
      those under the master contract, including all sorts of loans or import
      bill advance, import collection financing fund, import outward remittance
      financing fund, export bill purchase, export collection financing fund,
      export invoice financing fund, and other financing funds, or the creditor
      right (which the Debtee shall be entitled to, including contingent claims)
      arising from, out of or associated with such bank acceptance bills opened
      for the Debtee (including but not limited to standby credit letters,
      similarly hereinafter).

            

    

    

    Upon any
incurrence of the principal creditor right under the master contract (including
contingent claims), the Debtee and the Debtor may agree, in the Credit Line
Application under the master contract, with regard to the principal currency,
amount, interest rate, deadline of performance, etc.

    

    
      	
            	
              1.11

            	
              The
      amount of the maximum creditor right guaranteed by the guarantor is
      (currency type and amount in word): RMB TWENTY FOUR
      MILLION                         .

            

    

    

    
      	
            	
              1.12

            	
              Such
      principal creditor right as guaranteed under this Contract shall be
      determined upon the date of occurrence of the last principal creditor
      right under the master contract (hereinafter referred to as “Date of
      Determination”). When the Debtor cancels the credit line in accordance
      with the master contract, the principal creditor right shall be determined
      upon the date of the cancelation of the credit
  line.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      English Translation of
Chinese Language Document

       

      
        
          

        

         

      

    

    Any
principal creditor right incurred prior to Date of Determination (inclusive) and
its interests (compound interest, overdue or misappropriating default interest)
accrued till the guarantor’s assumption of guarantee obligations, expenses for
realization of herein-stated creditor right by the Debtee and other related
expenses as stipulated under 2.2 of this Contract shall be covered by the
guarantee under this Contract.

    

    The
occurrence of the principal creditor right means that the Debtee issues a loan
or a financing fund, or draws a bank acceptance bill, a credit letter or a
letter of guarantee.

    

    Article
II. Guarantee Liabilities

    

    
      	
            	
              2.13

            	
              The
      guarantee under this Contract pertains to a joint liability
      guarantee.

            

    

    

    
      	
            	
              2.14

            	
              The
      coverage of the guarantee ranges from the principal & interests,
      compound interests, to fines, default penalties, damages, and expenses for
      realization of the credit right, as herein stipulated. The expenses for
      realization of the credit right include but are not limited to reminder
      fees, litigation (or arbitration) cost, security cost, notice fee,
      implementation expenditure, legal fee, travel compensation, and other
      expenses.

            

    

    

    
      	
            	
              2.15

            	
              The
      guarantee durations are calculated respectively according to the
      corresponding debt performance term (by referring to the date of the
      Debtee’s advance payment, as indicated under a drawn bank acceptance
      bill/credit letter/letter of guarantee, similarly hereunder), as
      stipulated in each Credit Line Application under the master contract. The
      guarantee duration under a particular Credit Line Application is a
      duration starting from the expiration of such debt performance term as
      stated under this proper Credit Line Application (or from the date of the
      Debtee’s advance payment) and ending at 2 (two) years after the expiration
      of such debt performance term as stated in the last-matured Credit Line
      Application under the master contract (or two years after the date of the
      Debtee’s advance payment).

            

    

    

    For the
Debtee’s liability of repayment in installment as stated under any Credit Line
Application under the master contract, the guarantee durations are calculated
respectively with regard to every installment repayment, i.e., a duration
starting from the expiration of the debt performance term for each installment
(or from the date of the Debtee’s advance payment) and ending at 2 (two) years
after the expiration of the debt performance term for the last installment (or 2
(two) years after the date of the Debtee’s advance payment).

    

    In the
event when the Debtee announces any premature debt under the master contract,
the premature date so announced is taken as the expiration date of the
corresponding debt performance term.

    

    
      		
              2.16

            	
              As
      stipulated in Section V under Guaranty Law of the People's Republic of
      China, both parties of this Contract specially agree as follows: this
      Contract is independent from the master contract in effectiveness, namely
      any ineffectiveness of the master contract or related provisions thereof
      will not affect the force of this Contract. However, following
      ineffectiveness of the master contract, the Debtor shall undertake its
      repayment or indemnity obligations and the guarantor shall assume joint
      and several obligations as
concerned.

            

    

    

    
      	
              

            	
              Article
      III. Representations and Warrants by
Guarantor

            

    

    

    
      	
            	
              3.13

            	
              The
      Guarantor (as a natural person) has a due capacity for civil rights and
      full capacity for civil conduct / (as a non-natural person) has been
      established by law and remain its existence legitimately, having all
      necessary abilities to perform its liabilities under this Contract and
      assume civil liabilities in its own
name.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      English Translation of
Chinese Language Document

       

      
        
          

        

         

      

    

    
      	
            	
              3.14

            	
              The
      execution and performance of this Contract constitute an appropriate
      expression of the Guarantor’s genuine intention and have experienced all
      necessary agreement, approval and authorization, without any legal
      defects.

            

    

    

    
      	
            	
              3.15

            	
              All
      documents, data/info provided by the Guarantor to the Debtor during
      execution and performance of this Contract are genuine, accurate, complete
      and valid.

            

    

    

    
      	
            	
              3.16

            	
              Upon
      execution of this Contract, the Debtor is not a stockholder of the
      Guarantor or an “actual controller” as defined in Incorporation
      Law.

            

    

    

    
      	
              

            	
              Article
      IV. Guarantor’s Obligations

            

    

    

    
      	
            	
              4.19

            	
              In
      the event the Debtor fails to repay in time and in full the whole or part
      of the loan, the  principal of the financing fund or the
      Debtee’s advance payment or related interests, the Guarantor shall
      unconditionally pay without delay to the Debtee each and all due payments
      payable by the Debtor.

            

    

    

    The
Guarantor agrees that: with regard to a master contract under a mortgage
security or pledge security offered by the Debtor or by a third party, the
Debtee has the right to determine on its discretion the order of right execution
and is entitled to ask the Guarantor to pay without delay to the Debtee each and
all due payments payable by the Debtor, without beforehand execution of security
interests in property; with regard to  the Debtor’s any waiver of
security interests in property or of sequence of rights, or any change in the
security interests in property, the Guarantor shall undertake its guaranty
liabilities under this Contract, without exemption of any other responsibilities
of the Guarantor thereunder.

    

    
      	
            	
              4.20

            	
              The
      Guarantor shall support the Debtee in overseeing and inspecting the
      Guarantor’s earnings and credit ratings (as a natural person) /
      operational and financial conditions (as a non-natural person) and shall
      timely provide to the Debtee all financial statements or any other
      data/info as required by the Debtee and ensure that documents, data and
      information thus provided are genuine, complete and
    accurate.

            

    

    

    
      	
            	
              4.21

            	
              Upon
      occurrence of any of herein itemized issues, the Guarantor shall give at
      least 30 (thirty) days beforehand notice to the Debtee and shall not take
      any of following actions prior to complete settlement of creditor rights
      under the master contract, unless with the Debtee’s written
      consent:

            

    

    

    
      	
            	
              (7)

            	
              Sale,
      grant, rent, lending, transfer, mortgage, hypothecation or handling in
      other manners of significant assets, all or most of
  assets;

            

    

    

    
      	
            	
              (8)

            	
              Any
      material change occurring with the operation system or the form of
      property rights, including but not limited to implementation of
      contracting, leasing, joint operation, corporate system modification,
      shareholding cooperative system modification, sale of the business,
      combination (merge), joint venture (cooperation), division, subsidiary
      establishment, property rights assignment, capital reduction,
      etc.;

            

    

    

    
      	
            	
              4.22

            	
              The
      Guarantor shall notify the Debtee in writing of the following items within
      7 (seven) days of any actual or possible
  occurrence:

            

    

    

    
      	
            	
              (28)

            	
              Any
      modification of articles of association, any change in business name,
      legal representative, domicile, correspondence address or business scope,
      and any other entry into the register of the industrial and commercial
      administration, or any determination materially affecting the finance or
      HR;

            

    

    

    
      	
            	
              (29)

            	
              Any
      bankruptcy to be applied or possibly or already applied by the
      Debtee;

            

    

    

    
      	
            	
              (30)

            	
              Any
      involvement in significant litigation, arbitration or administrative
      proceedings, or any property preservation as to the major assets or any
      other enforcement;

            

    

    

    
      	
            	
              (31)

            	
              Any
      guarantee offered to any third party that has material ill effects upon
      the Guarantor’s economic conditions, financial conditions or upon the
      capacity to perform the Guarantor’s liabilities under this
      Contract;

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      English Translation of
Chinese Language Document

       

      
        
          

        

         

      

    

    
      	
            	
              (32)

            	
              Any
      signing of any contract that may has material impact upon the Guarantor’s
      operation and finance;

            

    

    

    
      	
            	
              (33)

            	
              Any
      production stoppage, business suspension, dissolution, rectification after
      business suspension, or business license withdrawal or
      revoking.

            

    

    

    
      	
            	
              (34)

            	
              Any
      involvement by the Guarantor or the Guarantor’s legal representative
      (principal) or key managers of any violation of law or regulations or
      applicable exchange rules;

            

    

    

    
      	
            	
              (35)

            	
              Any
      serious difficulty in operation, any deterioration in financial
      conditions, or any other occurrence that has ill impact upon the
      Guarantor’s operation, finance or solvency or economic
    status;

            

    

    

    
      	
            	
              (36)

            	
              Any
      material change in the Guarantor’s job or income or any change in the
      Guarantor’s domicile or other liaison modes (for the Guarantor as a
      natural person).

            

    

    

    
      	
            	
              4.23

            	
              Before
      the complete settlement by the Debtor to the Debtee of all debts under the
      master contract, the Guarantor shall not exercise, to the Debtor or any
      other guarantors, any recourse arising from performance of this
      Contract.

            

    

    

    
      	
            	
              4.24

            	
              In
      the event where the Debtor has become a stockholder or an actual
      controller of the Guarantor prior to the Debtor settlement in full of all
      debts under the master contract, the Guarantor will inform the Debtee
      accordingly without delay and provide the Debtee with a resolution of the
      Debtor’s shareholders meeting (“Stockholder Meeting”) concerning their
      approval of the guaranty offer.

            

    

    

    
      	
              

            	
              Article
      V. Stipulations upon Deduction

            

    

    

    
      	
            	
              5.13

            	
              As
      authorized by the Guarantor, when the Debtor or the Guarantor has any
      mature and payable debt, the Debtee has the right to deduct certain fund,
      for settlement purposes, in an account established for the benefit of the
      Guarantor in Bank of
Communications.

            

    

    

    
      	
            	
              5.14

            	
              Following
      deduction, the Debtee shall notify the Guarantor of the
      deduction-associated account no., master contract no., Credit Line
      Application no., contract no., deducted amount, and debt
      balance.

            

    

    

    
      	
            	
              5.15

            	
              In
      the event when the deducted amount fails to pay off all the debt, the fund
      shall be deducted firstly for offset of due and unpaid costs and then for
      following purposes as stipulated:

            

    

    

    
      	
            	
              (10)

            	
              With
      respect to any principal and interests less than 90 overdue under loans
      (excluding individual loans) or trade financing services (excluding export
      factoring), the balance after offset shall be used firstly in compensating
      due and unpaid interests or default interests, compound interests, and
      then in satisfying the due and unpaid principal; with respect to any
      principal and interests no less than 90 overdue under loans (excluding
      individual loans) or trade financing services (excluding export
      factoring), the balance after offset shall be used firstly in satisfying
      the due and unpaid principal, and then in compensating due and unpaid
      interests or default interests, and compound
  interests;

            

    

    

    
      	
            	
              (11)

            	
              Under
      bank acceptance bills drawing, credit letters establishment, letters of
      guaranty issuing, and export factoring services, the balance after offset
      shall be used firstly in satisfying the due and unpaid principal, and then
      in compensating due and unpaid interests or default interests, and
      compound interests;

            

    

    

    
      	
            	
              (12)

            	
              Under
      individual loaning services, the debt setoff sequence shall be consistent
      with provisions under the master
contract.

            

    

    

    
      	
            	
              5.16

            	
              In
      the event where any currency inconsistency occurs between the deducted
      fund and the debt to be satisfied, the amount of the debt to be satisfied
      will be converted in accordance with the exchange rate published upon
      deduction by the Bank of
Communications.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      English Translation of
Chinese Language Document

       

      
        
          

        

         

      

    

    Article
VI. Dispute Resolution

    

    Any
dispute arising from this Contract shall be submitted for the judgment by the
local court with jurisdiction at the Debtee’s place. Pending dispute resolution,
both parties shall continue to perform those contracted provisions that are not
associated with the open dispute.

    

    Article
VII. Other Articles

    

    
      		
              7.13

            	
              In
      the event when the Guarantor has conducts of evading the Debtee’s
      overseeing, failure to pay up the debt under security, and avoid or
      invalidate debt liabilities in malice, the Debtee has the right to
      circulate a notice of such conducts to related entities and publish it on
      news media.

            

    

    

    
      	
            	
              7.14

            	
              The
      Guarantor has carefully read the master contract and confirmed all
      provisions therein.

            

    

    

    
      	
            	
              7.15

            	
              This
      Contract becomes valid as of the date of full satisfaction of the
      following conditions: (1) the Guarantor’s legal representative (principal)
      or its authorized representative has signed (or sealed) and stamped in
      official seal; the Guarantor has signed as a natural person; (2) the
      Debtee’s principal or its authorized representative has signed (or sealed)
      and stamped in official seal of
entity.

            

    

    

    
      	
            	
              7.16

            	
              This
      contract is made in 3 (three) duplicated copies, with the Guarantor,
      Debtee, and Debtor each taking one
copy.

            

    

    

    Article
VIII. Other Items as Agreed

     

    
    

    
      The
Guarantor has thoroughly read above-listed provisions, the Debtee has explained
such provisions upon the Guarantor’s request, and the Guarantor has no objection
to any contents thereof.

    

     

    
      	
              Guarantor
      (Official Seal/Signature)

            	
              Debtee
      (Entity Stamp)

            
	 
      	 
      	 
      
	
              Legal
      Representative (Principal) or Authorized Representative

            	
              Principal)
      or Authorized Representative

            
	
              (Signature
      or Seal)

            	
              (Signature
      or Seal)

            
	 
      	 
      
	 
      	 
      
	
              Date:
      April 9, 2009

            	
              Date:
      April 9, 2009    

            

    

     

    Joint
Owner Statement (suitable for the Guarantor as a natural person)

    I (Name:
__________ Certificate Type: _____________ Certificate No.: _____________) am
the spouse of the Guarantor. I have carefully read all provisions of this
Contract and hereby confirmed it accordingly and has got familiar of and agreed
with the Guarantor in providing above guaranty to the Debtee for the benefit of
the Debtor. Based upon the fact that the debt under guaranty constitutes a joint
debt of our couple, such debt will be paid off with this couple’s joint
property.

    

    Joint
Owner Signature:

    

    ____
M____ D____YEnglish Translation of
Chinese Language Document

       

      
        
          

        

         

      

    

    Exhibit
10.40

    

    Maximum
Amount Guarantee Contract between Mr. Or Siu Shun and Quanzhou Branch of Bank of
Communication (No.: 3550052009B100000707)

    

    Note:
This contract is accessory to the General Credit Contract between Guanke and
Quanzhou Branch of Bank of Communication (No.:
3550052009C000001300).

     

    
      Significant
Hint

      The
Guarantor shall carefully read this Contract text, especially articles marked by
55.
If any doubt, please feel free to submit for the debtee’s
explanation.

       

    

     

    Guarantor:
Siu Shun Or

    Certificate
Type: __________ Certificate Code: ____________________

    Legal
(Domiciliary Register) Address:

    HouLin
Industrial Zone, Luoshan Street, JinJiang City, Fujian, China

    Correspondence
Address:

    HouLin
Industrial Zone, Luoshan Street, JinJiang City, Fujian,
China   PC:

    Tel:

    

    Debtee:  Quanzhou
Branch affiliated to Bank of Communications Co Ltd

    Principal:   Li
Xiaodong

    Correspondence
Address:   No.550 Fengzhe Street Quanzhou City, Fujian,
China

    

    Whereas Guanke (Fujian) Electron
Technological Industry Co Ltd (hereafter referred to as “Debtor”) and the Debtee
sign a master contract (No.: ______________, titled as: Comprehensive Credit
Contract ), the Guarantor is willing to offer a maximum guarantee for ensuring
realization of the Debtee’s or creditor's right consecutively incurred under the
master contract.

    

    To define right and responsibilities of
both parties hereto, the Guarantor and the Debtee, through mutual negotiation,
hereby agree to make this Contract as follows:

    

    Article I. Principal Creditor
Right

    

    
      	
            	
              1.13

            	
              The
      Guarantor guarantees that the principal creditor right pertain to all
      those under the master contract, including all sorts of loans or import
      bill advance, import collection financing fund, import outward remittance
      financing fund, export bill purchase, export collection financing fund,
      export invoice financing fund, and other financing funds, or the creditor
      right (which the Debtee shall be entitled to, including contingent claims)
      arising from, out of or associated with such bank acceptance bills opened
      for the Debtee (including but not limited to standby credit letters,
      similarly hereinafter).

            

    

    

    Upon any
incurrence of the principal creditor right under the master contract (including
contingent claims), the Debtee and the Debtor may agree, in the Credit Line
Application under the master contract, with regard to the principal currency,
amount, interest rate, deadline of performance, etc.

    

    
      	
            	
              1.14

            	
              The
      amount of the maximum creditor right guaranteed by the guarantor is
      (currency type and amount in word): RMB TWENTY FOUR
      MILLION                         .

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      English Translation of
Chinese Language Document

       

      
        

      

    

     

    
      	
            	
              1.15

            	
              Such
      principal creditor right as guaranteed under this Contract shall be
      determined upon the date of occurrence of the last principal creditor
      right under the master contract (hereinafter referred to as “Date of
      Determination”). When the Debtor cancels the credit line in accordance
      with the master contract, the principal creditor right shall be determined
      upon the date of the cancelation of the credit
  line.

            

    

    

    Any
principal creditor right incurred prior to Date of Determination (inclusive) and
its interests (compound interest, overdue or misappropriating default interest)
accrued till the guarantor’s assumption of guarantee obligations, expenses for
realization of herein-stated creditor right by the Debtee and other related
expenses as stipulated under 2.2 of this Contract shall be covered by the
guarantee under this Contract.

    

    The
occurrence of the principal creditor right means that the Debtee issues a loan
or a financing fund, or draws a bank acceptance bill, a credit letter or a
letter of guarantee.

    

    Article
II. Guarantee Liabilities

    

    
      	
            	
              2.17

            	
              The
      guarantee under this Contract pertains to a joint liability
      guarantee.

            

    

    

    
      	
            	
              2.18

            	
              The
      coverage of the guarantee ranges from the principal & interests,
      compound interests, to fines, default penalties, damages, and expenses for
      realization of the credit right, as herein stipulated. The expenses for
      realization of the credit right include but are not limited to reminder
      fees, litigation (or arbitration) cost, security cost, notice fee,
      implementation expenditure, legal fee, travel compensation, and other
      expenses.

            

    

    

    
      	
            	
              2.19

            	
              The
      guarantee durations are calculated respectively according to the
      corresponding debt performance term (by referring to the date of the
      Debtee’s advance payment, as indicated under a drawn bank acceptance
      bill/credit letter/letter of guarantee, similarly hereunder), as
      stipulated in each Credit Line Application under the master contract. The
      guarantee duration under a particular Credit Line Application is a
      duration starting from the expiration of such debt performance term as
      stated under this proper Credit Line Application (or from the date of the
      Debtee’s advance payment) and ending at 2 (two) years after the expiration
      of such debt performance term as stated in the last-matured Credit Line
      Application under the master contract (or two years after the date of the
      Debtee’s advance payment).

            

    

    

    For the
Debtee’s liability of repayment in installment as stated under any Credit Line
Application under the master contract, the guarantee durations are calculated
respectively with regard to every installment repayment, i.e., a duration
starting from the expiration of the debt performance term for each installment
(or from the date of the Debtee’s advance payment) and ending at 2 (two) years
after the expiration of the debt performance term for the last installment (or 2
(two) years after the date of the Debtee’s advance payment).

    

    In the
event when the Debtee announces any premature debt under the master contract,
the premature date so announced is taken as the expiration date of the
corresponding debt performance term.

    

    
      		
              2.20

            	
              As
      stipulated in Section V under Guaranty Law of the People's Republic of
      China, both parties of this Contract specially agree as follows: this
      Contract is independent from the master contract in effectiveness, namely
      any ineffectiveness of the master contract or related provisions thereof
      will not affect the force of this Contract. However, following
      ineffectiveness of the master contract, the Debtor shall undertake its
      repayment or indemnity obligations and the guarantor shall assume joint
      and several obligations as
concerned.

            

    

    

    
      	
              

            	
              Article
      III. Representations and Warrants by
Guarantor

            

    

    

    
      	
            	
              3.17

            	
              The
      Guarantor (as a natural person) has a due capacity for civil rights and
      full capacity for civil conduct / (as a non-natural person) has been
      established by law and remain its existence legitimately, having all
      necessary abilities to perform its liabilities under this Contract and
      assume civil liabilities in its own
name.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      English Translation of
Chinese Language Document

       

      
        
          

        

         

      

    

    
      	
            	
              3.18

            	
              The
      execution and performance of this Contract constitute an appropriate
      expression of the Guarantor’s genuine intention and have experienced all
      necessary agreement, approval and authorization, without any legal
      defects.

            

    

    

    
      	
            	
              3.19

            	
              All
      documents, data/info provided by the Guarantor to the Debtor during
      execution and performance of this Contract are genuine, accurate, complete
      and valid.

            

    

    

    
      	
            	
              3.20

            	
              Upon
      execution of this Contract, the Debtor is not a stockholder of the
      Guarantor or an “actual controller” as defined in Incorporation
      Law.

            

    

    

    
      	
              

            	
              Article
      IV. Guarantor’s Obligations

            

    

    

    
      	
            	
              4.25

            	
              In
      the event the Debtor fails to repay in time and in full the whole or part
      of the loan, the  principal of the financing fund or the
      Debtee’s advance payment or related interests, the Guarantor shall
      unconditionally pay without delay to the Debtee each and all due payments
      payable by the Debtor.

            

    

    

    The
Guarantor agrees that: with regard to a master contract under a mortgage
security or pledge security offered by the Debtor or by a third party, the
Debtee has the right to determine on its discretion the order of right execution
and is entitled to ask the Guarantor to pay without delay to the Debtee each and
all due payments payable by the Debtor, without beforehand execution of security
interests in property; with regard to  the Debtor’s any waiver of
security interests in property or of sequence of rights, or any change in the
security interests in property, the Guarantor shall undertake its guaranty
liabilities under this Contract, without exemption of any other responsibilities
of the Guarantor thereunder.

    

    
      	
            	
              4.26

            	
              The
      Guarantor shall support the Debtee in overseeing and inspecting the
      Guarantor’s earnings and credit ratings (as a natural person) /
      operational and financial conditions (as a non-natural person) and shall
      timely provide to the Debtee all financial statements or any other
      data/info as required by the Debtee and ensure that documents, data and
      information thus provided are genuine, complete and
    accurate.

            

    

    

    
      	
            	
              4.27

            	
              Upon
      occurrence of any of herein itemized issues, the Guarantor shall give at
      least 30 (thirty) days beforehand notice to the Debtee and shall not take
      any of following actions prior to complete settlement of creditor rights
      under the master contract, unless with the Debtee’s written
      consent:

            

    

    

    
      	
            	
              (9)

            	
              Sale,
      grant, rent, lending, transfer, mortgage, hypothecation or handling in
      other manners of significant assets, all or most of
  assets;

            

    

    

    
      	
            	
              (10)

            	
              Any
      material change occurring with the operation system or the form of
      property rights, including but not limited to implementation of
      contracting, leasing, joint operation, corporate system modification,
      shareholding cooperative system modification, sale of the business,
      combination (merge), joint venture (cooperation), division, subsidiary
      establishment, property rights assignment, capital reduction,
      etc.;

            

    

    

    
      	
            	
              4.28

            	
              The
      Guarantor shall notify the Debtee in writing of the following items within
      7 (seven) days of any actual or possible
  occurrence:

            

    

    

    
      	
            	
              (37)

            	
              Any
      modification of articles of association, any change in business name,
      legal representative, domicile, correspondence address or business scope,
      and any other entry into the register of the industrial and commercial
      administration, or any determination materially affecting the finance or
      HR;

            

    

    

    
      	
            	
              (38)

            	
              Any
      bankruptcy to be applied or possibly or already applied by the
      Debtee;

            

    

    

    
      	
            	
              (39)

            	
              Any
      involvement in significant litigation, arbitration or administrative
      proceedings, or any property preservation as to the major assets or any
      other enforcement;

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      English Translation of
Chinese Language Document

       

      
        
          

        

         

      

    

    
      	
            	
              (40)

            	
              Any
      guarantee offered to any third party that has material ill effects upon
      the Guarantor’s economic conditions, financial conditions or upon the
      capacity to perform the Guarantor’s liabilities under this
      Contract;

            

    

    

    
      	
            	
              (41)

            	
              Any
      signing of any contract that may has material impact upon the Guarantor’s
      operation and finance;

            

    

    

    
      	
            	
              (42)

            	
              Any
      production stoppage, business suspension, dissolution, rectification after
      business suspension, or business license withdrawal or
      revoking.

            

    

    

    
      	
            	
              (43)

            	
              Any
      involvement by the Guarantor or the Guarantor’s legal representative
      (principal) or key managers of any violation of law or regulations or
      applicable exchange rules;

            

    

    

    
      	
            	
              (44)

            	
              Any
      serious difficulty in operation, any deterioration in financial
      conditions, or any other occurrence that has ill impact upon the
      Guarantor’s operation, finance or solvency or economic
    status;

            

    

    

    
      	
            	
              (45)

            	
              Any
      material change in the Guarantor’s job or income or any change in the
      Guarantor’s domicile or other liaison modes (for the Guarantor as a
      natural person).

            

    

    

    
      	
            	
              4.29

            	
              Before
      the complete settlement by the Debtor to the Debtee of all debts under the
      master contract, the Guarantor shall not exercise, to the Debtor or any
      other guarantors, any recourse arising from performance of this
      Contract.

            

    

    

    
      	
            	
              4.30

            	
              In
      the event where the Debtor has become a stockholder or an actual
      controller of the Guarantor prior to the Debtor settlement in full of all
      debts under the master contract, the Guarantor will inform the Debtee
      accordingly without delay and provide the Debtee with a resolution of the
      Debtor’s shareholders meeting (“Stockholder Meeting”) concerning their
      approval of the guaranty offer.

            

    

    

    
      	
              

            	
              Article
      V. Stipulations upon Deduction

            

    

    

    
      	
            	
              5.17

            	
              As
      authorized by the Guarantor, when the Debtor or the Guarantor has any
      mature and payable debt, the Debtee has the right to deduct certain fund,
      for settlement purposes, in an account established for the benefit of the
      Guarantor in Bank of
Communications.

            

    

    

    
      	
            	
              5.18

            	
              Following
      deduction, the Debtee shall notify the Guarantor of the
      deduction-associated account no., master contract no., Credit Line
      Application no., contract no., deducted amount, and debt
      balance.

            

    

    

    
      	
            	
              5.19

            	
              In
      the event when the deducted amount fails to pay off all the debt, the fund
      shall be deducted firstly for offset of due and unpaid costs and then for
      following purposes as stipulated:

            

    

    

    
      	
            	
              (13)

            	
              With
      respect to any principal and interests less than 90 overdue under loans
      (excluding individual loans) or trade financing services (excluding export
      factoring), the balance after offset shall be used firstly in compensating
      due and unpaid interests or default interests, compound interests, and
      then in satisfying the due and unpaid principal; with respect to any
      principal and interests no less than 90 overdue under loans (excluding
      individual loans) or trade financing services (excluding export
      factoring), the balance after offset shall be used firstly in satisfying
      the due and unpaid principal, and then in compensating due and unpaid
      interests or default interests, and compound
  interests;

            

    

    

    
      	
            	
              (14)

            	
              Under
      bank acceptance bills drawing, credit letters establishment, letters of
      guaranty issuing, and export factoring services, the balance after offset
      shall be used firstly in satisfying the due and unpaid principal, and then
      in compensating due and unpaid interests or default interests, and
      compound interests;

            

    

    

    
      	
            	
              (15)

            	
              Under
      individual loaning services, the debt setoff sequence shall be consistent
      with provisions under the master
contract.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      English Translation of
Chinese Language Document

       

      
        
          

        

         

      

    

    
      	
            	
              5.20

            	
              In
      the event where any currency inconsistency occurs between the deducted
      fund and the debt to be satisfied, the amount of the debt to be satisfied
      will be converted in accordance with the exchange rate published upon
      deduction by the Bank of
Communications.

            

    

    

    Article
VI. Dispute Resolution

    

    Any
dispute arising from this Contract shall be submitted for the judgment by the
local court with jurisdiction at the Debtee’s place. Pending dispute resolution,
both parties shall continue to perform those contracted provisions that are not
associated with the open dispute.

    

    Article
VII. Other Articles

    

    
      		
              7.17

            	
              In
      the event when the Guarantor has conducts of evading the Debtee’s
      overseeing, failure to pay up the debt under security, and avoid or
      invalidate debt liabilities in malice, the Debtee has the right to
      circulate a notice of such conducts to related entities and publish it on
      news media.

            

    

    

    
      	
            	
              7.18

            	
              The
      Guarantor has carefully read the master contract and confirmed all
      provisions therein.

            

    

    

    
      	
            	
              7.19

            	
              This
      Contract becomes valid as of the date of full satisfaction of the
      following conditions: (1) the Guarantor’s legal representative (principal)
      or its authorized representative has signed (or sealed) and stamped in
      official seal; the Guarantor has signed as a natural person; (2) the
      Debtee’s principal or its authorized representative has signed (or sealed)
      and stamped in official seal of
entity.

            

    

    

    
      	
            	
              7.20

            	
              This
      contract is made in 3 (three) duplicated copies, with the Guarantor,
      Debtee, and Debtor each taking one
copy.

            

    

    

    Article
VIII. Other Items as Agreed

     

    
      The
Guarantor has thoroughly read above-listed provisions, the Debtee has explained
such provisions upon the Guarantor’s request, and the Guarantor has no objection
to any contents thereof.

       

    

     

    
      	
              Guarantor
      (Official Seal/Signature)

            	
              Debtee
      (Entity Stamp)

            
	 
      	 
      	 
      
	
              Legal
      Representative (Principal) or Authorized Representative

            	
              Principal)
      or Authorized Representative

            
	
              (Signature
      or Seal)

            	
              (Signature
      or Seal)

            
	 
      	 
      
	 
      	 
      
	
              Date:
      April 9, 2009

            	
              Date:
      April 9, 2009    

            

    

    

    Joint
Owner Statement (suitable for the Guarantor as a natural person)

    I (Name:
__________ Certificate Type: _____________ Certificate No.: _____________) am
the spouse of the Guarantor. I have carefully read all provisions of this
Contract and hereby confirmed it accordingly and has got familiar of and agreed
with the Guarantor in providing above guaranty to the Debtee for the benefit of
the Debtor. Based upon the fact that the debt under guaranty constitutes a joint
debt of our couple, such debt will be paid off with this couple’s joint
property.

    

    Joint
Owner Signature:

    

    ____
M____ D____Y

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