Document:

Contract

 Exhibit 10.2 
 Contract number                200511144 
 Project
number                                     
 Maanshan Iron & Steel Co., Ltd 
 “Eleventh Five-Year Plan” structure adjustment project 
 New Zone Fire Control Works 
 Contract for Undertaking the Project 
 Party A: Maanshan Iron & Steel Co., Ltd 
 Party B: Sureland Industrial Fire Safety Co., Ltd 
 Date: 

 Contents 
 Chapter 1 Contract object 
 Chapter 2 Contract price 
 Chapter 3 Responsibilities and obligations of both parties 
 Chapter 4 Quality guarantee 
 Chapter 5 Standard, inspection and delivery 
 Chapter 6 Works progress

 Chapter 7 Payment and payment terms 
 Chapter 8 Liabilities
for breach of contract 
 Chapter 9 Works handing over and taking over, and final acceptance 
 Chapter 10 Arbitration 
 Chapter 11 Execution, termination of contract and others 

 MASTEEL Company Infrastructure Technical Reconstruction Department 
 Contract for Undertaking of Project 
 Maanshan
Iron & Steel Co., Ltd (hereinafter referred to as Party A) entrusts Sureland Industrial Fire Safety Co., Ltd (hereinafter referred to as Party B) with undertaking the new zone fire control works of “Eleventh Five-Year Plan”
structure adjustment project. For purpose of defining the responsibilities and obligations of both parties, both parties hereto, in accordance with Contract Law of P.R.C, Building Acts of P.R.C, Construction Work Quality Management Regulation issued
by State Department of P.R.C, and related law and regulations, conclude this agreement through sufficient negotiation by their respective authorized representative in consensus on following terms and conditions for joint complying with. 

Article 1 Contract Object 
 1.1 Party A agrees to
entrust the design (preliminary design, shop drawing design examination and confirmation), equipments and devices supply, material procurement, construction installation, single unit debugging, cooling and thermal load running test, etc of new zone
fire control works of “Eleventh Five-Year Plan” structure adjustment project (hereinafter referred to as “contract project” to Party B for undertaking. And please refer to the annex (technical agreement) for the detailed scope,
equipments and material procurement, construction, debugging, and running test work of “contract project” to be undertaken by Party B. 
 Chapter 2 Contract Price 
 On the premise of satisfying the contract object and the technical requirements and works contents stipulated in
the technical annex, both parties hereto agree that the general contracting price for this “contract project” for lump work is ¥100,000,000.00Yuan, i.e. ¥0.1 billion Yuan (lump work). And the detailed quotation is as follows:

 Building installation engineering expenses: 27,754,400Yuan; equipment expenses: 48,245,600Yuan; other expenses: 24,000,000Yuan. 

 Please refer to the annex for the specific item quotation. 
 Chapter 3 Responsibilities and obligations of both parties 
 3.1 Responsibilities and
obligations of Party A 
 3.1.1 Party A shall provide with the basic data necessary for the construction for Party B in good time and shall be responsible
for the completeness and correctness of the data. Please refer to the annex for data delivering time and the quantity (Technical Agreement). 
 3.1.2 Pay the
contract payment on schedule. If, the project time limit schedule is affected due to failure in paying the contract payment on schedule stipulated by the contract, Party A shall be responsible for the results caused thereby. 
 3.1.3 Party A shall appoint specific person as the general representative of the project to perform the whole course quality attestation and acceptance of the project
undertaken by Party B, as well as the liaison work between both parties hereto. 
 3.1.4 Please refer to the annex (Technical Agreement) for selection of
equipments, material procurement, and the construction unit by Party A. 
 3.1.5 Be responsible for providing with the underground pipeline network data and
the power media junction of the construction field. Please refer to the annex for details (Technical Agreement). 
 3.1.6 Coordinate Party B to perform
thermal load running test. 
 3.1.7 Provide for the Party B’s working personnel with the office equipped with appropriate communication facilities and
the desks and chairs free of charge, but the communication expenses shall be undertaken by Party B. 
 3.1.8 Party A shall provide for Party B with the
temporary equipments and material storage ground needed by the project for free, but the other expenses occurred shall be undertaken by Party B. 
 3.1.9
Party A shall keep confidential for the technical documents, etc supplied by Party B and shall not provide such technical documents for the third party without consent of Party B. 

 3.1.10 Assist Party B to handle all the formalities required by the local government that are needed for the construction
in the local area. 
 3.2 Responsibilities and obligations of Party B 
 3.2.1 Party B shall undertake all the responsibilities for the “contract project”, including full responsibilities for the construction technique, time limit, quality, and safety of the contract project, and Party B shall perform
the equipments and material supply, construction installation and debugging strictly in accordance with the provisions of this contract. 
 3.2.2 Party B
shall be responsible for the procurement and supply of equipment materials within the scope of “contract project”, and be responsible for supervising the manufacturing of the equipments and the quality inspection and acceptance before
leaving the factory. The supplier and delivery time of main equipments and main material shall be confirmed jointly with Party A, and please refer to the annex for details (Technical Agreement). 
 3.2.3 Party B shall be responsible for ensuring that the “contract project”, on the safe and stable running condition, satisfy various parameters of the
“contract project” and the environmental protection, safety, industrial sanitation, fire control requirements stated by the government, as well as reach at the guarantee indexes stipulated in annex (Technical Agreement), otherwise Party B
shall be liable for compensation the losses caused to Party A. 
 3.2.4 If, Party B needs to modify or replace the design documents and the components and
parts, material, and the fittings in the drawings examined and approved by Party A, Party B may make it only after consent by Party A, and the working volumes and expenses caused thereby shall be undertaken by Party B. 
 3.2.5 Party B shall provide with the construction organization design and complex project network plan for Party A. For purpose of satisfying the implementation of
general network plan of Party A, Party A is entitled to put forward the modification opinions for the documents above mentioned. 
 3.2.6 Be responsible for
the quality self-inspection and quality reporting for examination before the acceptance of construction installation works. 

 3.2.7 Be responsible for the arranging the completion data of “contract project” and submit such data in
duplicate to Party A within ___ days after signing the debugging eligibility report. 
 3.2.8 During the course of performance of this contract, Party
B shall do well the safety construction and safety protection work. And all the safety accidents occurred thereby shall be undertaken by Party B as well as the expenses and economic losses caused correspondingly. 
 3.2.9 Shall keep confidential for the data and documents provided by Party A and shall not supply such data and documents to the third party without consent of Party A.

 3.2.10 All the personnel undertaking the “contract project” of Party B shall comply with various related regulatory regime on the project, and
all the losses caused due to violation of the regulatory regime shall be the responsibilities of Party B. 
 3.2.11. Coordinate Party A to perform the design
reporting for examination and the fire control works final acceptance, and shall ensure that the works will pass the final acceptance to be made by the fire control organ. 
 3.3 Work coordination 
 3.3.1 Within 10 days upon conclusion of this contract, each of parties hereto shall provide with the
project principal and main working personnel list for the other party to facilitate work contact. 
 3.3.2 After installation of equipments, both
parties’ respective site representative shall determine the commencement date of cooling load running test. During the course of cooling load running test, both parties hereto shall perform the test and assessment in accordance with the
provisions of annex (Technical Agreement). 
 3.3.3 After completion of cooling load running test, both parties’ respective site representative shall
jointly negotiate and determine the commencement date of thermal load running test. Please refer to the annex (Technical Agreement) for thermal load running test period and the assessment of guaranteed value. 

 Chapter 4 Quality Guarantee 
 4.1 Party B shall perform the equipments and material supply, construction, installation and debugging strictly in accordance with the requirement of this contract and the annex (Technical Agreement), and the quality
assurance term of “contract project” shall be: normal running for 24 months after passing the final acceptance of Party A and delivery for use. 
 4.2 Party B ensures that the delivered technical data is “clear, complete, and accurate”. The building material, building components, fittings and equipment selected during the course of construction shall comply with the national
quality standard and the provisions of the annex hereof (Technical Agreement). 
 4.3 The quality standard of the “contract project” shall not be
lower than the technical standard stipulated in the annex (Technical Agreement) and the technical requirements of the drawings examined and approved by Party A. 
 4.4 Party B undertakes that during the function-examining period the “contract project” shall realize various index guaranteed value stipulated in annex (Technical Agreement). 
 4.4.1 If, during the quality guarantee period, the problems on equipment, construction, installation, and debugging, etc occur, Party B shall resolve it in good time for
free and undertake the direct economic losses caused thereby. But, if Party A shall be liable for such problems, Party B shall be responsible for providing with the instruction and assist to make repair, replacement and supplement supply as soon as
possible, with the expenses being undertaken by Party A. 
 4.4.2 During the quality guarantee term of the “contract project”, if any defects (not
including the consumptive parts) exist in the “contract project”, or the failure, etc caused due to defects is found during the course of normal running or maintenance, Party A shall notify Party B of it immediately. And Party B shall,
after receiving the notice, contact with Party A immediately to jointly analyze the reasons of defects as well jointly negotiate to determine the method for eliminating the defects. 
 But, if it is attributable to the responsibilities of Party B, Party B shall take measures to eliminate the defects at the premise of not affecting the production of “contract project”, and the related
expenses occurred shall be at the cost of Party B. And the 

 
date and period for eliminating the defects or replacing the equipment shall be determined by both parties hereto through negotiation. 
 If, it is attributable to the responsibilities of Party B and the “contract project” needs to shut down due to replacement or repair of defects equipments, the
quality guarantee period shall be correspondingly extended in accordance with the actual shut down duration. 
 4.4.3 The defect equipments and materials,
within one month after reaching at the “contract project” site of the new replacing products, shall be taken back by Party B, and after beyond such period, Party A may dispose it of its own accord. 
 4.5 Party B ensure that this “contract project” will smoothly pass various inspection and acceptance to be made by public security fire control department
after completion of construction. 
 4.6 The claim for compensation notice put forward by Party A for Party B shall be still in effect if it is sent during
the quality guarantee period. 
 4.7 During the quality guarantee period of this “contract project”, Party A shall issue the <Quality Guarantee
Period Expiration Confirmation> in four originals, each of parties hereto holding two copies respectively. 
 4.8 The construction works and installation
works of this “contract project” are qualified. The construction installation works undertaken by Party B shall accept the supervision of engineering supervising unit entrusted by Party A and the quality monitoring of works quality
department as well as the supervision and control of fire control department. 
 Chapter 5 Standard, inspection and delivery

 5.1 The equipments and material procurement, construction, installation, material selection, inspection and testing under the “contract
project” shall be carried out by Party B in according with the existing national standard and regulations. Please refer to the annex (Technical Agreement) for details. 
 Party B shall submit the related manufacturer product standards and regulations to Party A in quadruplication. The manufacturer product standards and regulations above 

 
mentioned, after confirmed by Party A, shall be taken as the inspection and testing basis. (such standards being not lower than the national standard
specification). 
 5.2 Party B shall be responsible for preparing the inspection outline, coating and packing and color code requirements of contracted
equipments for joint confirmation by both parties after design examination. The confirmed inspection outline shall be taken as the joint inspection basis before leaving the factory of equipments. 
 5.3 Party A has right to supervise the whole course manufacturing of the contracted equipments, perform process inspection to main parts and the critical parts and
auxiliary equipments, as well as perform the joint inspection to the contracted equipments before leaving the factory. At the same time, Party A shall supervise the equipments manufacturing progress in accordance with “equipment manufacturing
network schedule”. 
 5.4 The joint inspection of contracted equipments before leaving the factory shall be notified to Party A by Party B in accordance
with the equipments manufacturing progress 15 days in advance, and if Party A is unable to participate in the joint inspection for some reasons, Party B shall make self check in accordance with the written notice sent by Party A and confirmed by
Party A. After joint team inspection is completed, both parties hereto shall sign the joint inspection summary. The process inspection and the joint inspection before leaving the factory of contracted equipments shall not replace the final quality
inspection of contracted equipments. Party B shall coordinate the work of Party A’s personnel. 
 5.5 Party B shall, before making delivery to the
“contract project”, perform full inspection of related quality, specification, performance, and quantity of the equipments, and issue the quality certificate and leaving the factory inspection recording satisfying the provision of
contract. 
 5.6 The material procured by Party B shall be accompanied by material manufacturer’s related quality documents and be inspected by Party B
at its own cost, and if it is found that the material that doesn’t comply with the design standard or quality standard, technical requirements is procured or used by Party B, Party B shall rework or replace it, and the expenses and direct
economic losses caused thereby shall be the responsibilities of Party B, with the time limit of the project not being postponed. 

 5.7 During the course of installation construction, Party B shall make self-inspection, reporting for check earnestly in
accordance with the “contract project” and the standard, regulations, design drawings and the standard stipulated in the annex (Technical Agreement), as well as accept the supervision of supervising unit and the check of quality monitoring
department at any time, and shall implement it in accordance with provisions of general articles 17, 18 of construction standard contract document prepared by Ministry of Construction. 
 Chapter 6 Project Progress 
 6.1 Both parties hereto agreed upon that: Party B shall ensure that
all the system works are completed and hold the fire control acceptance conditions before 30th June 2007
(please refer to the technical agreement for the completion time limit of various system). 
 Chapter 7 Payment and payment terms

 7.1 All the payments between both parties hereto under this contract shall be transacted by means of transferring through the bank. 
 7.2 Before payment of various items expense of “contract project” is made in accordance with provisions of contract, Party B shall complete and report the
monthly tables. 
 7.3 Technical service expenses (including the lump work service expenses) are 24 million Yuan. Party A shall pay 25% of technical
service expenses, calculated as 6 million Yuan, within 15 days after passing the preliminary design examination, pay 50% of technical service expenses, 12 million Yuan, within 15 days after completing and examining the shop drawings design
and delivering it to Party A, and pay 15% of technical service expenses, calculated as 3.6 million Yuan, within 15 days after thermal load running test; When the accumulative payment reaches at 90% of technical service expenses, the payment
shall be suspended and the remaining 10%, calculated as 2.4 million Yuan shall be taken as the quality deposit. 

 7.4 The equipment expenses are 48.2456 million Yuan. Party A shall pay 20% of equipment expenses, calculated as
9.65 million Yuan, as advance payment within 15 days after execution of the contract, pay 10% of equipment expenses, calculated as 4.82 million Yuan, within 15 days after completing and examining the shop drawing design and delivering it
to Party A, pay 40% of equipment expenses, calculated as 19.30 million Yuan within 15 days after “contract project” equipments reaching at the site (at the same time Party B submitting the contracted equipments quality certificate,
delivery voucher, etc data), pay 10% of equipment expenses, calculated as 4.82 million Yuan, after successful cooling load running test (at the same time Party B submitting full sum value added tax invoice, etc data), and pay 10% of equipment
expenses, calculated as 4.82 million Yuan, within 15 days after successfully passing the guaranteed value assessment. When the accumulative payment reaches at 90% of equipment expenses, the payment shall be suspended and the remaining 10%,
calculated as 4.8356 million Yuan, shall be taken as the quality deposit. 
 7.5 The construction installation works expenses are 27.7544 million
Yuan, and within 15 days after the civil work shop drawing design passing the examination and delivered to Party A, 20% of construction installation expenses shall be paid, calculated as 5.55 million Yuan as the material preparation expenses. During
the course of performance of the project, the construction installation monthly tables shall be reported on 25th day
of every month in accordance with the project progress and the works volume attestation, and the current month construction installation expense shall be paid in accordance with the monthly report. After completion of the project (following the
completion report approved by Party A), Party A shall pay 90% of the construction installation expenses, then the payment shall be suspended and the remaining 10%, calculated as 2.77544 million Yuan shall be taken as the files data and quality
deposit. 
 7.6 Completion files data: Within 90 days after thermal load running test, the files data expenses shall be paid to Party B in accordance with 5%
of construction installation expenses (calculated as 1.39 million Yuan) after the completion files data being submitted to MASTEEL administration section and accepted and signed on. 

 7.7 After suspending the payment by Party A on the conditions above mentioned, Party B shall continue to complete the
total work under the “contract project”. 
 7.8 All the quality deposits (10% of technical service expenses, 10% of equipment expenses, 5% of
construction installation expenses), calculated as 8.62104 million Yuan, shall be paid to Party B within 15 days after issuing <Project Guarantee Period Expiration Confirmation> by Party A. 
 7.9 After completion of “contract project”, the completion settlement formalities shall be handled. 
 Chapter 8 Liabilities for breach of contract 
 8.1 Party B shall undertake that this
“contract project”, during the function examination period, satisfy all the guaranteed value and examination indexes stipulated in annex hereof (Technical Agreement). And if Party B fails to satisfy the all the guaranteed value and
examination indexes above mentioned, the payment shall be deducted in accordance with following table: 
 Payment deduction table for
guaranteed value examination 
  

									
	Numbers	  	 Guaranteed item
	  	 Guaranteed
index
	  	 Payment deduction ratio
	  	Remarks
	1	  	No failure during continual 72 hours cooling load running test	  	K=100%	  	If unreached, 0.5% of total contracting price shall be deducted	  	
					
	2	  	No failure during continual 168 hours thermal load running test	  	K=100%	  	If unreached, 0.5% of total contracting price shall be deducted	  	
					
	3	  	Various fire-extinguishing zone (13 zones) shall implement cold water spray test (or the simulation test), and each item of function shall be normal.	  		  	If unreached, 0.5% of total contracting price shall be deducted	  	
					
	4	  	The fire alarm system shall perform self check, silencing and reposition, trouble alarm, fire first, alarm memory, standby power under voltage alarm, automatic charging and discharging, and
power supply transforming, etc 7 items function test once quarterly, and each item of function shall be normal.	  		  	If unreached, 0.5% of total contracting price shall be deducted	  	

									
	5	  	Perform spot test of the alarm function of 50% detection circuit, and the alarm function shall be normal.	  		  	If unreached, 0.5% of total contracting price shall be deducted	  	
					
	6	  	The transforming of fire control pump and standby pump shall be normal.	  		  	If unreached, 0.5% of total contracting price shall be deducted	  	
					
	7	  	Perform the end dewatering test for flow indicator, brake valve and the electric valve, and their function and signal shall be normal.	  		  	If unreached, 0.5% of total contracting price shall be deducted	  	
					
	8	  	The alarm system and extinguishing system shall ensure 98% above perfection ratio, and both parties shall make detection jointly.	  		  	For every 1% lowered, 0.5% of total contracting price shall be deducted	  	
					
	9	  	Ensure that it will pass the public security fire control department acceptance one shot.	  		  	If unreached, 1% of total contracting price shall be deducted	  	

 The accumulative payment deducted shall not exceed 5% of total contract payment. 

 8.2 During the course of performance of contract, if Party B breaches this contract and related requirements in annex
hereof (Technical Agreement), Party A is entitled to refuse to make partial or even full remaining payment, make partial or even full remaining underpayment, or delay in making partial or even full remaining payment. 
 8.3 If the project progress is delayed due to Party B’s reasons, 0.5% of total contracting price shall be deducted if one week delayed, 1.0% of total contracting
price shall be deducted if two weeds delayed, and 1.5% of total contracting price shall be deducted if three weeks delayed (not calculated into the accumulative payment deducted). 
 8.4 The losses caused due to incompliance with the provisions of related “technical data” or violating the instructions of Party B’s technical personnel by Party A shall be the responsibilities of Party
A, and Party B shall be responsible for assisting Party A to resolve it as soon as possible. 
 Chapter 9 Project handing over and taking
over, and final acceptance 
 9.1 Within ____ days after successful thermal load running test by Party B in according with requirements of design
documents, contract and of the annex hereof (Technical Agreement) in the construction period of the contract, and after confirmed by Party A, both parties hereto shall perform real object handing over and taking over, sign the project handing over
and taking over certificate in quadruplication, each of parties hereto holding two copies respectively. The handed over and taken over project shall be controlled by Party A, but the quality obligations of Party B shall not be exempted. 

9.2 In the examining cycle of contract and annex hereof (Technical Agreement) under the “contract project” of Party B and after passing the function
examination, Party A shall sign one copy “contract project” final acceptance certificate in quadruplication, each of parties hereto holding two copies respectively. 
 9.3 If, during the stipulated examining cycle, the “contract project”, after modification, still fails to reach the examination indexes for three 3 times in successive due to Party B’s reasons, it shall
be deemed that Party B has breached the contract, and the liabilities for breach of contract shall be implemented in accordance with provisions of article 8.1. 

 Chapter 10 Arbitration 
 10.1 All the disputes occurred related with performance of this contract shall be settled by both parties through amiable negotiation, and if the negotiation is failed, such dispute shall be submitted to for
arbitration. 
 10.2 The arbitration shall be performed in Maanshan City by Maanshan Arbitration Committee in accordance with the arbitration rules.

 10.3 During the course of arbitration, other parts of the contract other than those under arbitration shall be performed by both parties hereto
continually. 
 Chapter 11 Contract Execution, termination and others 
 11.1 This contract shall immediately take effect upon each of parties’ representative signing on and sealing on this contract on 18th June 2005 in Maanshan City. 
 11.2 All the annexes
(including award notification, annex (Technical Agreement), bidding documents, invitation for bid documents, etc) shall be the integrated part of this contract and hold the equal force with this contract. The contract text and its annex (Technical
Agreement) define all the rights and obligations of both parties during the course of performance of contract. 
 11.3 Upon execution of contract, all the
modification, supplement and replacement to clauses and articles of the contract and its annex shall be made by written form and become the integrated part of this contract after signing on by both parties’ representatives, and hold equal legal
force with this contract. 
 11.4 Either of parties hereto shall not transfer any rights or obligations under this contract to the third party without prior
written consent of other party. 
 11.5 If the performance of this contract is affected due to force majeure event, both parties hereto shall correspondingly
extend or terminate this contract in accordance with actual affected degree. 
 If, performance of this contract by one party hereto becomes impossible due
to force majeure, the affected party shall immediately notify the other party and provide with 

 
written proof issued by related competent department. The affected party shall notify the other party when the affects are eliminated and resume performance
of contract in the shortest time. If, losses are caused to the other party due to no immediate notice on any aspects of occurrence of force majuere sent to the other party shall be undertaken by the liable party. 
 11.6 This contract shall automatically terminate at the date on which the responsibilities and obligations of both parties under this contract are performed completely.

 11.7 The matters uncovered by this contract shall be settled by both parties through negotiation in accordance with <Contract Law of P.R.C> and
related state provisions. 
 11.8 This contract is made in 14 copies, wherein: two original copies (one copy for each of parties hereto respectively), 12
duplicate copies (8 copies for Party A and 4 copies for Party B). 
 Signature and seal of both parties 
  

			
	Party A (Seal)	  	Party B (Seal)
		
	Name of the unit: Maanshan Iron & Steel Co., Ltd	  	Name of the unit: Sureland Industrial Fire Safety Co., Ltd
		
	Authorized proxy:	  	Legal representative or trustor:
		
	Project manager:	  	
		
	Processor:	  	Processor:
		
	Address: No.8, Hongqi zhonglu, Maanshan City,	  	Address:
		
	Anhui Province	  	
		
	Postcode: 243003	  	Postcode
		
	Tel: 0555-2887471	  	Tel:
		
	Fax: 0555-2883095	  	Fax:
		
	Account number:	  	Account number
		
	Date:	  	Date:Contract

 Exhibit 10.3 
 Contract No.: No. 48 (2005) 
 Wuhan Iron & Steel (Group) Corp. 
 Lump Sum Turn Key Project about Sprinkler System Design &

 Construction of Wuhan No. 2 Cold-rolled Sheet Plant 
 Project No.: WuKuo 28 
 Owner: Wuhan Iron & Steel (Group) Corp. 
 Contractor: Sureland Industrial Fire Safety Co., Ltd. 

 Signing Date: MM/DD/2005 
 Wuhan Iron & Steel (Group) Corp. 
 Lump Sum Turn Key Project about Sprinkler System
Design & Construction of 
 Wuhan No. 2 Cold-rolled Sheet Plant 
 Owner: Wuhan Iron & Steel (Group) Corp. 
 Contractor: Sureland
Industrial Fire Safety Co., Ltd. 
 In accordance with Contract Law of the People’s Republic of China and other laws, rules and regulations,
following the principle of equality, fairness, honesty and credibility, and combining the physical circumstance of this project, both parties have reached assent on relevant issues about the project construction, and then concluded the contract to
keep and implement together. 
 Article 1 General Situation of the Project 
  

	1.1	Project Name: Lump Sum Turn Key Project about Sprinkler System Design & Construction of Wuhan No. 2 Cold-rolled Sheet Plant 

  

	1.2	Project No.: WuKuo 28 

  

	1.3	General Contracting Basis: 

  

	1.4	Project Site: In Wuhan No. 2 Cold-rolled Sheet Plant of Wuhan Iron & Steel (Group) Corp. 

  

	1.5	Construction Scale: 

  

	1.6	Contracting Scope and Mode: 

 The contractor is responsible for the
general contracting of whole project, such as project design, equipment assembly and purchase, construction and installation, 

 
system debug, completion and trial run, training and service, and the detailed scope and content are included in his bid documents. 
 Article 2 Contract Time Limit 
 2.1 Contract Time Limit: the absolute
time limit (180 days) coordinating with the construction schedule of main body after the contract goes into effect. 
 2.2 If encounter following conditions,
the contract time limit can be postponed correspondingly after they are attested by field staff and confirmed by owner representative, which should be fixed in writing. 
 2.2.1 The project data provided by the owner are not complete, so that the construction progress is affected. 
 2.2.2 Water
and power are cut off for more than 8 hours due to the owner during construction, so that the construction is affect and time limit is delayed. 
 2.2.3 The
construction progress is affected because of natural calamities (such as typhoon, waterflood, flood and earthquake resulted from nature). 
 2.3 Completion
of Project: after the system has operated for 3 months, the contractor assists the owner to accomplish functional examination, and then both parties sign the acceptance document, on the occasion, the project is completed. The quality guarantee
period of this project is one year. There are two sets of completion data, with one to the unit with property rights, and the other to technical reform department. 
 Article 3 Quality Standard 
 3.1 The quality of this project is excellent. 
 Article 4 Construction Safety 
 4.1 The owner should make safety disclosure for the work undertook by the contractor,
present specific safety requirements and conduct adjustment and reform on potential safety hazards in time. 
 4.2 The contractor should not only strictly
implement the national Administrative Regulations on Safety in Construction Projects, relevant rules and regulations on 

 
safety construction of Wuhan Iron & Steel (Group) Corp., and safe operation rules, but also work out strict safety management system and take
effective safety measures according to the owner’s safety disclosure and field situation. Besides, the contractor should be responsible for the consequences if he breaks above regulations. 
 4.3 Appliances for labor protection should be provided by the contractor himself. 
 4.4 The contractor should settle the fire accident due to violation of fire control regulation and code during construction. 
 4.5 The owner should
punish the contractor for the production liability accident due to rule-violating construction or construction quality according to relevant regulations of the company. 
 Article 5 Contract Price 
 5.1 The breakdown prices of this project are as follows: 
 Construction cost: 8,157,557 Yuan, in capital, eight million one hundred and fifty seven thousand five hundred and fifty seven only 
 Equipment cost: 15,667,269 Yuan, in capital, fifteen million six hundred and sixty seven thousand two hundred and sixty nine only 
 Other cost: 770,020 Yuan, in capital, seven hundred and seventy thousand and twenty only 
 Total: 24,594,846 Yuan, in capital, twenty four million five hundred and ninety four thousand eight hundred and forty six only 
 5.2 Adopting the close-end rationing system based on contracting contents, the total contract price won’t be subject to influences of market price variation and report on geological exploration; besides, contents and standards included
in technical appendices are not allowed to be added, cancelled and modified freely. 
 Make out Wuhan Local Tax Invoice for construction cost, VAT Invoice
for equipment cost and corresponding invoice for other cost. 

 Article 6 Payment of Contract Price 
 6.1 Payment of Advance 
 In 30 days after the contract goes into effect, the owner should pay the contractor 20% of contract
price (4,918,986 Yuan) as the advance payment of this project. 
 6.2 Payment of Contract Price 
 For the arrival of equipments, the owner should pay the contractor 30% of contract price (7,378,454 Yuan) in 30 days after the he receives qualification certificates
such as packing list, certification of fitness and delivery inspection record, and the equipments pass the test; and 45% (11,067,681 Yuan) in 30 days after the project passes the acceptance inspection; and the else 5% (1,229,742 Yuan) once as
quality guarantee fund after he confirms there is not any objection in the expiry of quality guarantee period. 
 6.3 The contractor will send
“Performance Bond” (5% of total contract price, namely, 1,229,742 Yuan) to the owner in 15 days after the contract goes into effect, and the owner will notify the contractor of the completion of performance bond after the final acceptance
is confirmed and passed. 
 Article 7 Documents Composing the Contract 
 7.1 The documents composing the contract include: 
 7.1.1 General contract of the project 
 7.1.2 Appendices of the contract 
 Appendix 1 Project outline 
 Appendix 2 Technical specification 
 Appendix 3 List of Main Equipments and
Materials 
 Appendix 4 Attached drawings 
 Appendix 5 Data
submission of both parties 
 Appendix 6 The contractor’s general contracting scope 
 Appendix 7 Guaranteed value and assessment method 
 Appendix 8 Spare parts for production 
 Appendix 9 Quality control and acceptance standard for design, manufacturing, construction and installation 
 Appendix 10 Purchase and acceptance of equipments and materials 

 Appendix 11 Personnel dispatch 
 Appendix 12 Debugging, operating, as well as output- and standard-reaching 
 Appendix 13 Overall plan of the project 
 Appendix 14 Project management 
 Article 8 Rights and Obligations

 8.1 Contractor 
 8.1.1 In the construction and quality
guarantee period, the contractor should appoint project manager and technical leader according to the list in bid document to be stationed in the filed making management and keeping the relative stability of their posts. If it is necessary to
replace, must negotiate with the owner in advance for approval. If the owner thinks the project manager’s or the technical leader’s work capacity and professional skill is insufficient to implement the contract, the contractor should
withdraw them as soon as possible and appoint new ones under the approval of owner at the same time. If there is problem found on site, the project manager, technical leader and relevant technicians from the contractor must reach the field to solve
in 24 hours. 
 8.2 Approved by the contract-issuing party or according to the contract, the contractor can make the non-main body and non-key work of
contracted project subcontracted to the entity with corresponding qualification, and then conclude the subcontract with him, the contractor must finish the construction of main building structure, both contractor and subcontractor should assume the
joint and several responsibility for the project. Prohibit the contractor from subcontracting the whole building engineering to the other, or others after dismembering it. Prohibit the contractor from subcontracting the project to the unit without
corresponding qualifications. Prohibit the subcontractor from subcontracting the project any more. The subcontractor must be confirmed by the owner, if the subcontracted is not confirmed by the owner once, 10% of the contract price will be deducted,
while thrice, the one-year inner construction qualification in Whuhan Iron & Steel Corp. will be cancelled, and 20% of contract price will be deducted; if the contractor subcontract the whole building engineering to 

 
the other, or others after dismembering it, the two-year inner construction qualification in Whuhan Iron & Steel Corp. will be cancelled, and 30% of
contract price will be deducted. 
 8.1.3 The contractor selects the subcontractor and equipment supplier strictly according to the national law on tenders
and bids for engineering, and is asked to announce the bid, once he is found not implement the law on tenders and bids, one-year general contract qualification (projects of Wuhan Iron & Steel Corp.) will be, and 10% of contract price will
be deducted for one time, increasing successively. 
 8.1.4 The contractor must make sure the accuracy of total engineering quantity, control the engineering
quantity on construction drawing within the total quantity range of engineering awarded; and guarantee the design is correct ad complete, and the shape is dependable; if there is any items missed or error in the design, the contractor should assumer
the responsibility and costs. 
 8.2 Owner 
 8.2.1 The owner is
responsible for examining and approving the report on starting of construction work which is submitted by the contractor, and coordinating to solve the power supply needed in the contractor’s construction site and the contacts used by relevant
equipments. 
 8.2.2 The owner is responsible for assisting the contractor to handle relevant procedures about safety, safeguard and afforestation, etc.

 8.2.3 The project is supervised. The owner entrust the supervision unit with the overall supervision on the project construction. 
 Article 9 Liabilities for Breach of Contract 
 9.1 Liabilities for
breach of contract should abide by relevant laws, rules and regulations such as Construction Law of the People’s Republic of China. 
 9.2
Contractor 
 9.2.1 The contractor cannot modify the former project design at will. So he should assume the expense arising from unilaterally modifying
design and the owner’s director losses caused accordingly, but the time limit won’t be postponed. 

 9.2.2 In addition to purchasing materials and equipments according to the technical appendices signed, and providing the
qualification certificate of products, the contractor is responsible for the quality of materials and equipments. Under conditions that materials and equipments are not purchased according to the technical appendices signed, the owner has right to
ask for purchasing again, but the contractor assumers the corresponding expense, and the time limit won’t be postponed. 
 9.2.3 Under conditions the
project quality is not in conformity to contractual stipulations due to contractor, the contractor should be responsible for free repair or rework. 
 9.2.4
The time of completion of the project is not in conformity to the stipulation of contract due to contractor, the contractor should compensate 10,000 Yuan every one day overdue, and the accumulated amount of compensation should not exceed 5% of
contract price. 
 9.2.5 Make the functional assessment according to Appendix 7, if one index dose not reach the guaranteed value, the contractor should pay
the compensation on basis of the index deviation. 
 After the functional assessment is finished, if some index for performance check cannot reach the
guaranteed value yet, both the contract-issuing party and the contractor should research together to analyze the causes and define the responsibilities. If it is due to the contractor, the owner should agree that the contractor can postpone the
assessment period adequately, so that the contractor can make adjustment, reform and performance reassessment in time. If it cannot reach the guarantee value yet at that time, make the compensation according to above regulations. 
 9.2.6 If the investments for the project are increased or the output is not reached due to contractor, the contractor should make compensation for the losses, and the
accumulated amount of compensation should not exceed 10% of total contract price. 
 9.2.7 In the quality guarantee period, the contractor not only is
responsible for repair or replacement, and but also should assume all the expenses and the owner’s losses for the quality problem caused by him in his contracting scope. 

 9.2.8 The contractor should keep all details of the contract secret, and cannot transfer or disclose to the third party
in any form without prior permission from the owner. Both parties should regard all the content of the business section in the contract as classified material, and cannot transfer or disclose to the third party in any form without prior permission
from them. 
 9.3 Owner 
 9.3.1 The owner should pay the
relevant expenses strictly according to the approved withdrawal plan declared by the contractor, if the payment is delayed due to owner, the owner should assume the contractor’s losses. 
 9.3.2 If the construction progress is delayed due to owner, the time limit can be postponed. 
 9.3.3 Both parties should make additional negotiation on the expense arising under conditions the owner presents new design content, and the increased engineering quantity is not in the quotation range of the
contract. 
 9.4 After one party is in breach of the contract, the party should continue implementing the contract after assuming the liabilities for breach
of contract other party under conditions that the other party asks him to continue implementing the contract. 
 Article 10 Dispute Solution

 10.1 If there are disputes in the course of contract implementation, both parties should negotiate to solve in time, or submit for arbitration if they
cannot reach agreement yet after negotiating. 
 10.2 Relevant arbitral authority in Wuhan makes arbitration in Wuhan, Hubei according to procedures and
rules. Being the final award, the arbitral award is binding and should be obeyed by both parties. Besides, the party responsible should assume the costs of arbitration. 
 10.3 In arbitration period, both parties should continue implementing the contract except submitting proceedings for arbitration. 

 Article 11 Anti-corruption Convention 
 11.1 Party A and Party B should observe disciplines and law, and strictly implement the anti-corruption convention (see the anti-corruption convention). Both parties’ responsibilities and obligations are

 11.1.1 Abiding by national laws and regulation, as well as relevant rules and regulations of enterprise, keeping honest and faithful in business,
won’t abuse power for personal gains or rise in revolt without reasons or adopt unfair means to damage the other party’s interests. 
 11.1.2
Having right to refuse the other party’s unfair requirements and then appeal and report to the administrative department, resolutely resist the corruption with unfair means. 
 11.1.3 Subjecting to the supervision and inspection by the discipline inspection department, punishing the behavior violating the anti-corruption convention. 
 Article 12 Execution and Determination of Contract and Others 
 12.1
The contract goes into effect from the date when the representatives from owner and contractor put signatures and impress official seal on the contract, and automatically cease to be in force after the expiry of guarantee period. 
 12.2 Any party cannot transfer both parties’ rights and obligations stipulated in the contract to the third party by any party without the approval of the other
party. 
 12.3 Being the inalienable parts of the contract, all the documents composing the contract have equal legal effect. 
 12.4 The original of the contract is in duplicate, each party will hold one; while the copy is in sextuplicate, each party will hold three respectively; both original
and copy have equal legal effect. 
 12.5 Any modification or supplement of the contract must become effective after the representatives from both parties
sign the written document that is the inalienable part of the contract and has the equal legal effect with the master contract. 

			
		
	Owner (Official Seal)	  	Contractor (Official Seal)
		
	Wuhan Iron & Steel (Group) Corp.	  	Sureland Industrial Fire Safety Co., Ltd.
		
	Registered Address: No. 158, Yejin Avenue, Qingshan	  	Registered Address: 22, Litian road, Nanbanbidian
	District, Wuhan	  	Industry District, Beijing Capital Airport
		
	Legal Representative:	  	Legal Representative: Li Gangjin
		
	Entrusted Agent:	  	Entrusted Agent: Li Weigang
		
	Transactor:	  	Transactor: Li Weigang
		
	Bank of Deposit:	  	Bank of Deposit: Tianzhu Sub-office of Shunyi Branch of Agricultural Bank
		
	Number of Account:	  	Number of Account: 120701040003145
		
	Tel.: (027) 86893354	  	Tel.: (027) 86876230
		
	Fax: (027) 86862508	  	Fax: (027) 86876230-8188
		
	P. C.: 430083	  	P. C.: 430083

 Contract-signing Date: Aug. 17, 2005

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