Document:

Exhibit 10.60

Credit
Agreement 

 

Contract No 18156124010128

 

 

Shanghai Rural Commercial Bank

 

    	 

    	 

    

 

Shanghai Rural Commercial Bank Credit
Agreement

 

General terms and conditions

 

Covenantor:

Lender: refer to article one of special
agreement conditions

Borrower: refer to article one of special
agreement conditions

 

Both parties entered into this contract
in accordance with related State laws and regulations upon equal negotiations and mutual agreement.

 

Item 1 Content of the loan

 

		1.	The type of the loan refer to article two of special agreement conditions

		2.	The purpose of using the loan refer to article three of special agreement conditions

Borrower shall strictly obey
the use of the loan agreed by this contract, the borrower shall not use the loan for any other purpose beyond agreement (including
but not limited that the borrower shall not use the loan for fixed assets and equity investments, and not use the loan as registered
capital, the registered capital verification and increase endowment spread; shall not in violation of the relevant regulations
of the State to invest stocks, futures and financial derivatives and other investment; shall not use the loan for some product
and business field which were banned by explicit order; and shall not use the loan for some programs in violation of State laws
and regulations and policies, and etc.

		3.	The type of currency and amount of the loan refer to article four of special agreement conditions.

		4.	Term of the loan:

(1)
Term of the loan refer to article five of special agreement conditions

When advanced
the loans according to the provisions under this contract, the Lender shall make remittance with T/T to the Borrower’s accounts.
When the Lender finished the above process, deemed to be that the Lender has advanced the loans to the Borrower, and deemed to
be that the Borrower has received the loans.

(2) If the
loan amount, interest rate, drawdown date and maturity date hereunder are different from the credit voucher, the credit voucher
record shall prevail. The credit voucher is an integral part of this contract, and has the equal legal effect.

(3) If the
loans hereunder are denominated in foreign currency, the Borrower shall repay the principals and interests with original currency
in a timely manner.

		5.	Interest rate

(1)The interest
rate of the loans refers to article six of special agreement conditions.

The loan
drawdown date means that the date of the Lender shall advance a loan to the Borrower (as the detailed drawdown date, the record
date in credit voucher shall prevail). When the Lender advances loans, in case of People’s Bank of China reduced the benchmark
interest rate applicable for credit loans hereunder, the Lender shall readjust the interest rate according to interest rate floating
range determined by special conditions under article six, without further notice to the Borrower in written.

 

    	 

    	 

    

(2)In
the period of credit, in case of People’s Bank of China reduced the benchmark interest rate applicable for credit loans under
this contract, shall from the corresponding date of the next cycle after adjusting the benchmark rate of the first loan advance
date hereunder (the detailed conditions of cycle refer to article six the second paragraph), the Lender shall determine the new
interest rate in accordance with the interest rate floating range provided by item six, without further notice to the Borrower.
If the benchmark rate adjustment date, and the first loans issue date or the correspondence date of cycle’s first month of
the first loans issue date are the same date, shall establish the new credit executive interest rate from the interest rate adjustment
date. If there is no correspondence date of the next cycle of first loan issue date, shall deem the last date of this month as
the interest rate adjustment date.

(2)
The determination of the foreign credit interest rate refers to article seven of special conditions.

		6.	The settlement of interest

The date of
interest settlement refers to article eight of special condition.

The Borrower
shall pay the interests at the next day of every interest settlement date. If the repayments date of the last principals recorded
in credit voucher is not the interest settlement date, the unpaid interests shall be paid with this clear. In case of the adjustment
of interest rate in each interest-bearing period, the interests shall be calculated on multi-stage.

		7.	The formula of calculation of interest rate

Conversion
formula of interest rate: daily interest rate = annual interest rate / 360

Monthly
interest rate = annual interest rate / 12

Interest-bearing
formula: interest amount = Accumulative amount of interest-bearing * daily interest rate, in which accumulative amount of interest-bearing=daily
total balance of the loan

 

Item
2 The precondition of the borrowing

 

If the
Borrower fails to satisfy the following any conditions, the Lender is entitled to refuse the drawdown request, and has right to
not advance the loans, but if the Borrower satisfied all the following conditions not equal to the Lender has to advance the loans
to the borrower, the Lender is still entitled to determine if advance the loans to the Borrower in accordance with reasonable estimate.
If the Lender decides to not advance the loans to the Borrower, the Lender shall not assume any loss caused to the Borrower.

		(1)	The Borrower has opened an account according to the Lender’s request and has designated special
account of the funds collecting; the special account of funds collecting refer to article 9 of special agreement conditions; The
Borrower has submitted the written application of advancing the loans to the Lender, and has provided the documents and materials,
such as financial statements etc, as well as the operational information of accounts opened in other financial institutions ( including
relevant account number, deposit and credit situations, etc.)

		(2)	The Borrower has completed the relevant legal formalities such as governmental permission, approval
and registration, etc, as well as other procedures required by the Lender, and the above procedures shall be sustainable and effective.
If the Lender need, the Borrower shall provide the certifications or documents of completing aforementioned procedures.

		(3)	If the loans under this agreement denominated in foreign currency, the Borrower has completed the
approval, registration and other legal procedures in accordance with the relevant provisions of foreign exchange management, and
the aforementioned procedures shall be sustainable and effective.

 

    	 

    	 

    

 

		(4)	The contract comes into effect, and the guarantee documents under this contract comes into effect,
as well as the corresponding real rights granted by security has set up and be sustainable and effective. If the Lender requires
the Borrower to complete the procedures of insurance of the guarantee and/or collateral security, the relevant process has been
completed according to the Lender’s request, and the Lender has obtain the required original guarantee documents hereof.

		(5)	If the Lender requires to transacting notarization formalities, the Borrower has completed the
notarization of this contract; if the Lender requires to transacting notarization which has the compulsory execution effect, the
Borrower has completed the compulsory execution notarization formalities.

		(6)	There is no significant adverse change in the Borrower’s operation and finance conditions.

		(7)	The Borrower does not breach any conventions under this contract, or the Lender anticipates that
the Borrower will not breach any conventions under this contract.

		(8)	If the Lender requires, the Borrower has signed the regulatory agreement of relevant credit funds
according to the Lender’s request.

		(9)	The other preconditions required by the Lender refer to article 10 of special agreement.

 

Item 3
The Payment and Regulation of the loan

 

		1.	The conditions of entrusted payment adopted by the contract refer to article 11 in special agreement.

Entrusted
payment is the payment method where the Lender will, upon and in accordance with drawdown application and payment entrustment issued
by the Borrower, remit the proceeds of the financing to the relevant payees of the Borrower for agreed purposes.

		2.	If a entrusted payment method is adopted, the Borrower shall provide the Lender with following
materials according to the Lender’s request, the Lender shall examine these materials, and has right to determine if shall
make the payment to the Borrower according to application after examination. If the Lender decide not agree to make payment, the
Lender shall not assume any loss subjected by the Borrower or other parties thereof.

(1)
Relevant contracts and documents signed by the Borrower related to the use of loan, including but not limited to contracts, agreements,
written remainder, and meeting summary, etc.

(2)
Drawdown application, loan certificate, credit voucher and T/T voucher filled completely by the Borrower.

(3)
Other documents required by the Lender.

		3.	As to the payments except adopting entrusted payment method, shall adopt the method of direct payment
by the Borrower. The direct payment is the Lender advance the financing directly to the Borrower’s account according to the
drawdown application, the Borrower pay the financing independently to payees according to agreement.

		4.	Under the method of entrusted payment, the Lender and/or the conservator (as appropriate), are
entitled to examine if the information about payees and amount listed by the Borrower’s drawdown application is consistent
with the relevant business agreement and the contract’s agreement hereof; and entitled to examine if the Borrower’s
relevant materials is consistent with the terms of contract hereof and if the Borrower satisfied the conditions of drawdown financing
under this contract. The Lender is entitled to determine if agree to make payments, if the Lender determine not agree to make payments,
shall not assume any loss subjected by the Borrower or other parties thereof.

 

    	 

    	 

    

 

		5.	Under the method of direct payment, the Borrower shall submit the report of using conditions regularly
to the Lender and/or conservator (as appropriate) as requested. The Lender and/or conservator have the rights to examine the payment
conditions of the loan, and inspect if the use of loan is consistent with the purposes as agreed by means of account analysis,
voucher examination, field investigation or other ways deemed as appropriate by the Lender.

		6.	If the following conditions occur: the Borrower’s credit condition decline, the ability of
main business is not strong, the use of financing is abnormal, and other conditions which will affect the security of credit under
this contract deemed by the Lender, the Lender may change the terms of the method of entrusted payment, or require the Borrower
to adopt the method of entrusted payment for all payments, or ceasing the advancement and payment of financing without the agreement
of the Borrower.

		7.	Whatever payment method was adopted, the Lender shall not assume any responsibility in the following
situations:

(1)The Lender fails
to make the payments in time because the Borrower provides the information which is untrue, inaccurate, incomplete, or ineffective.

(2)The Lender fails
to make the payments in time because the Lender conduct the provisions of Working capital loans management interim procedures produced
by China Banking Regulatory Commission or other rules and regulations.

(3)Any other fault
made by the Lender lead to the Lender fails to make the payments.

		8.	The Borrower accept the Lender’s supervise in accordance with the contract hereof and/or
regulatory agreement signed otherwise by two parties.

		9.	If the Borrower breaches the several agreements about income collection and account’s daily
management under this contract, or there is any default situations occurred on the Borrower under this contract, the Lender has
right to deactivate the financing of regulatory account. The Borrower shall not draw down any funds from the regulatory account
until the default being correct and accepted by the Lender.

		10.	The Borrower shall provide the balance sheet, income statement, and other materials required by
the Lender according to the Lender’s request for copy and check.

		11.	The Borrower shall cooperate with the Lender for the request of the Lender about on-site supervision
irregularly. If the Lender fails to exercise supervision on financing because of the Borrower, the Borrower shall assume the corresponding
responsibility.

 

Item 4
Rights and Obligations of the Lender

 

		1.	The Lender has rights to ask for the situations about Borrower’s productions and operation,
finance activity, material inventory, and the use of loan, etc., and require the Borrower to provide documents, materials, and
information such as financial statement on time.

		2.	If the Borrower breach any agreement under this contract, or there is any adverse activities and
situations occurred deemed as enough to affecting the securities of the loan, the Lender has rights to cease advance the loans
and/or collect the loans in advance.

		3.	The Lender is entitled to declare acceleration of maturity or recall the loan ahead of time according
to the agreements under this contract.

		4.	If the money paid by the Borrower is not enough to clear off the amounts payable, the Lender has
rights to determine the orders of this amount being used to repay principals, interests, or penalties, compound interest, or expenses.

 

    	 

    	 

    

 

		5.	If the Borrower fails to fulfill the obligations of repayment, the Lender has rights to disclose
the Borrower’s default publicly.

		6.	Under the premise of the Borrower fulfilling the agreements under this contract and satisfying
other requests of the Lender, the Lender shall advance the loan to the Borrower according to the agreement.

 

Item 5
The Rights and Obligations of the Borrower

 

		1.	The borrower shall manage the current settlements and deposits related to the loan according to
the agreement listed in item 2 under this contract.

		2.	If the financing is denominated in foreign currency, the Borrower shall complete the approval,
registration, and other legal procedures related to this loan according to relevant provisions, and shall not breach the provisions
to settle exchange.

		3.	The Borrower shall repay the principals, interests, and other expenses according to the agreements
regarding payment schedule, amounts, and currency. If the loans shall be extended, the Borrower shall provide the application in
written to the Lender at least 15 days prior to the maturity date of the loan. The extension contract of the loan will be signed
upon agreement of the Lender.

		4.	The Borrower shall use the loans according to the purpose as agreed under this contract, shall
not divert the loans.

		5.	The Borrower shall provide the financial statement or other materials and information which is
authentic, integrated, accurate, and effective per month to the Lender, and shall actively cooperate with the Lender about the
examination of production and operation, finance activity, and the use of the loan under this contract.

		6.	If any the following events occurred, the Borrower shall inform the Lender in written 30 business
days in advance, and before paying off the principals and interests under this contract, or provide the repayment plan confirmed
by the Lender, or before obtaining the written consent of the Lender, the Borrower shall not take action as follows:

(1) In the
event of any significant change in the operation systems or the form of property organization, including but not limited to contract,
leasing management, shareholding reform, joint operation, merger, separation, joint venture, and share transfer, etc.;

(2) Conducting
investments and increasing the credit financing significantly, and so on;

(3) In the
event of rectification, dissolution, or a petition for bankruptcy, etc.;

(4) In the
event of dealing with all of or part of assets, or decreasing registered capital in the forms of sales, gift, rent, lend, transfer,
collateral, pledge, and any other ways;

(5) Other
events which is enough to cause change of the loan relationship under this contract or effect the realization of the Lender’s
rights.

		7.	In the event of any other situations which have a significant and negative effect on the repayment
obligations besides the aforementioned activities, such as suspend operation, winding-up, cancellation of registration, cancellation
of business license, representative or principal engaged in illegal activities, involving significant litigation or arbitration,
and there is significant difficulty and deterioration in production and operation and finance, etc., the Borrower shall inform
the Lender in written, and take action agreed by the Lender to ensure the loan security.

    	 

    	 

    

 

		8.	If the Borrower provide warranty for others or guaranteed third parties by collateralizing its
property, which will affect the ability of its repayment, shall inform the Lender in written in advance and obtain the written
consent from the Lender.

		9.	The Borrower shall not violate the debits in the forms of surreptitiously withdrawn funds, transfer
assets, or transfer shares without authorization.

		10.	In the event of the change in name, legal representative, address, range of operation by the Borrower,
shall inform the Lender in written.

		11.	There is any situations of suspend operation, winding-up, cancellation of registration, cancellation
of business license, bankrupt, and loss in operation on the guarantee under this contract, losing part of all of ability of guarantee
in correspondence with this contract, or the value of collateral or pledge decline, the Borrower shall inform the Lender in time
and provide other guaranty measures agreed by the Lender.

		12.	The Borrower shall assume the expenses of legal service, property security, transportation, assessment,
safeguard, identification, and notarization, which are related to this contract or guarantee of this contract.

		13.	Unless otherwise agreed hereunder, the Borrower shall submit the drawdown application at least
5 business days prior to the drawdown the funds under this contract.

		14.	The Borrower’s warranty to the Lender

(1) The materials
provided to the Lender shall be true, complete, accurate, legal, and effective, and the Borrower shall assume the corresponding
responsibilities;

(2) Cooperate
with the Lender to undertake credit payment management, management after credit, and relevant check.

(3) The Lender
has rights to recall the loans in advance according to the Borrower’s situation of return of funds;

(4) Timely
inform the Lender if there are any significant and adverse events which will affect the ability of repayment.

(5) Cooperate
with the Lender’s check and supervision on the fundings under this contract.

 

Item
6 Repayment in advance

 

If would like to repay the money
in advance, the Borrower shall obtain the written consent from the Lender in advance; If the Lender agreed, the interest-bearing
way of the part of being repaid in advance refer to article 12 in the special conditions.

 

Item 7 Liability for Breach of Contract

 

		1.	If the Borrower fails to repay the principal totally according to the schedule agreed by the contract
(including the principals and interests which the Lender declared due in advance, or the principals and interests which is requested
to be collected in advance by the Lender), the interest shall be bear from the due date at the rate of penalty, until the principals
and interests are all paid off. If the interest rate is adjusted, the penalty shall be adjusted correspondingly.

Penalty interest rate of overdue
amount refers to article 13 of special agreement conditions.

 

    	 

    	 

    

 

		2.	If the Borrower fails to use the loan according to the purpose agreed by the contract, the Lender
shall collect the interests as to the part of failing to use the loan according to the purpose agreed by the contract at a penalty
interest rate from the date of failing to use the loan according to the purpose agreed by the contract to the date of maturity.
If there is adjustment of interest rate, penalty interest rate will be adjusted correspondingly. The penalty interest rate of failing
to use the loan according to the purpose agreed by the contract refers to article 13 of special agreement conditions.

		3.	As to the outstanding interest payables, the Lender shall accrue the compound interest at an interest
rate of overdue penalty interest. The interest rate of overdue penalty interest refers to article 13 of special agreement conditions.

		4.	The Lender is entitled to cease the advance and payment of the financing, and exercise other rights
under this contract upon occurrence of the following events to contributing to the default of the Borrower under this contract:

(1) The
Borrower obtains the financing through providing the Lender with false and invalid materials;

(2) There
is any material adverse change or deterioration of financial index and credit condition which breach the Lender’s restriction
in Borrower's production and operation;

(3) The
Borrower does not drawdown or pay the financing according to the contract.

(4) The
Borrower breaches relevant provisions of this agreement or relevant regulatory provisions by circumventing entrusted payment arrangement
by dividing one drawdown into multiple drawdowns of smaller amount;

(5) The
Borrower breaches other agreements or documents entered into with the Lender;

(6) Breaches other
agreement of this contract.

		5.	If the Borrower breaches the obligations under this contract, the Lender has rights to make the
Borrower to rectify the default activities within a definite time, has rights to cease to advance financing and recall the loans
in advance, and has rights to declare that the credits under other credit contracts and/or agreements signed between the Lender
and the Borrower are due in advance immediately, or take other action to protect the benefit of the Lender.

		6.	If the guarantee breaches the obligations agreed by the guarantee contract under this contract,
the Lender has rights to cease to advance financing and collect back the loans credit in advance, or take other property preservation
measures.

		7.	If the Borrower defaults, the Lender has rights to require the Borrower to assume expenses paid
and payable by the Lender for realization of its claim hereunder, including without limitation attorney's fee, travel expense,
litigation or arbitration fee, attachment fee, assets disposal fee, and other fees related to the realization of its claim. If
the Borrower confirm, the Lender can charge this expense rely on the contract and/or agreement signed with relevant organization,
or invoices or receipts issued by the relevant organization. The Borrower shall make the payments according to the Lender’s
request.

 

Item 8 Security

 

Refer to the article 14 of special agreement
conditions.

 

    	 

    	 

    

 

Item 9 Direct Deducted Agreement

 

		1.	If the Borrower has the due principals, interests, penalty, default, compensation, escrow fee,
and other expenses hereunder payables (including the proceeds due in advance declared by the Lender or the proceeds collected back
in advance required by the Lender), the Borrower hereby agrees that The Lender shall deduct the amount directly from any account
opened in the Lender’s system to be used to pay off without the Lender’s consent in advance. The Borrower hereby irrevocably
grants the aforementioned rights of deduct directly to the Lender.

		2.	If the currency of proceeds of being deducted is inconsistent with the currency of debits payable,
shall be converted to the debits payable at Shanghai Rural Commercial Bank’s exchange rate on the day of deduction.

		3.	If the proceeds of being deducted is not enough to pay off all of debits, the Lender has rights
to determine the sequence of paying off.

 

Item
10 Dispute Resolution

 

		1.	The conclusion, performance, interpretation, and validity of this agreement shall be governed by
PRC law.

		2.	The dispute related to contract hereunder shall be subjected to be governed by the court of the
place where the Lender is located.

		3.	If this contract has enforced notarization, the Borrower fails to perform or under-perform its
obligations hereunder when the performance period expires or the Lender declares acceleration of maturity or recall the loan ahead
of time, the Lender may directly apply the compulsory execution to the Borrower in accordance with the laws, and the Borrower hereof
undertake to accept enforcement.

 

Item 11 Other Matters

 

		1.	The notice which is in connection with this contract shall be delivered to the other party in written
form according to the address (if one party inform another to change address, the new address shall be prevail) listed in first
page hereunder.

		2.	If the notice is delivered by express, shall be deemed as deliver to each other on the receipt
date; if the notice is delivered by mails, from the third business day after send the notice shall be deemed as reach to each other.

		3.	The title of contract hereunder is only used for convenience, shall not affect the validity and
the interpretation of the items under this contract.

		4.	Other agreed matters refer to article 15 of special conditions.

 

Item 12 Effectiveness of the Contract

 

This contract is considered valid from
the date of signing by two parties.

 

Item 13 Copies of the Contract

 

		1.	The copies of the contract refer to article 16 of special
conditions.

		2.	“The system of Lender” of contract hereunder means Shanghai rural commercial bank head
office and its branches

		3.	“Loan” and “Credit” in the contract hereunder are the same concept but
two kinds of expression, and this distinction is only needed for the statement of terms of the contract.

 

    	 

    	 

    

 

Item
14 Special Presentation 

 

The contract hereunder is consisted
of general terms and special terms, and the Lender has reminded the Borrower to make complete and accurate understanding for the
general terms listed in this contract and special terms which are written, especially the terms under which add bold lines. The
Lender has remind the Borrower sufficiently to notice the terms in bold lines, and explain these terms correspondingly as required
by the Borrower. The parties signed the contract hereunder are in accord on the meaning of contract and the terms hereunder.

 

    	 

    	 

    

 

The Loan Contract of Shanghai Rural Commercial
Bank

Special Agreement Conditions

 

No. 18156124010128

 

Article 1 The presentations of two
parties

 

The Lender: Shanghai Rural Commercial Bank,
Pudong Branch

Representative: Jianping Wang

Address:

Phone Number:

 

The Borrower: Shanghai Hai Lu Kun Lun Hi-tech
Engineering Co., Ltd.

Representative: Qinghuan Wu

Address: No. 1388 Zhangdong Road, Zhangjiang
Hi-tech Park, Shanghai ,China

Phone Number: 20281866

 

Article 2  Category of Loan: Short term
working capital loan

Article 3  Purpose of Loan: payment
for purchase goods

Article 4  The kind of currency and
amount: Totally RMB 30 million

Article 5 
Period of the loan: From November 20, 2012 to November 19, 2013 (the date recorded in financing voucher shall be prevail).

Article 6 
The interest rate shall be 15% above the People’s Bank of China’s benchmark rate, which is 6% within one year on the
date of signing this contract.

From the date of advancing the
first financing of contract hereunder, the interest rate shall be adjusted every twelve months for a cycle. The detailed mode of
execution refers to item 5(1) of general conditions in this contract.

Article
7  The interest rate for foreign currency loans shall be determined in accordance with item _____  below:

(1) The
loan interest rate shall be ____-month ______________ (LIBOR/HIBOR) (the benchmark interest rate) plus a margin equal to _____
base point.

(2) Bears an annual interest rate
of  ______%, until the maturity.

(3) Other way _____________.

Article
8  The interest hereunder shall be settled per quarter, and the interest-bearing date is the twenty day of every quarter.

Article 9  Capital recovery account:

Bank of deposit: Shanghai
Rural Commercial Bank, Pudong Branch;

Account
Name: Shanghai Hai Lu Kun Lun Hi-tech Engineering Co., Ltd.;

Account
Number: 32422208010219918.

Article 10 Other preconditions required
by the Lender:

_______________________________________________________________.

Article
11  The borrower shall adopt the method of entrusted payment when it makes one payment in excess of RMB 5 million (the foreign
currency shall be converted to RMB), or satisfy any of the following terms, or required by the Lender:

 

    	 

    	 

    

 

(1)__________________________________;

(2) _________________________________;

(3) _________________________________ ;

(4) _________________________________ . 

Article 12  If
the Lender approves any prepayment, as to the part of prepayment shall bear the interest in accordance with the first way
as follows:

1. The interests shall be carried
in accordance with the terms and interest rate hereunder.

2. The interest rate shall be ____ above
the rate of the agreement hereunder.

3. Collect the liquidated damages
of prepayments to the Borrower according to percent ___ of the prepayment amount.

Article 13 The overdue
amount interest rate shall add 50% based on the rate of contract agreed hereunder.

If the Borrower fails to use
the loans according to the purpose agreed by the contract hereunder, the penalty interest rate shall add 100% based on the interest
rate of the contract hereunder.

Article 14 All debts
under this contract shall be provided guaranty to the Lender by the following guarantors (the guarantee contract shall be signed
separately):

1. The guarantor ____________
(Full Name) shall provide the guarantee, and the contract number is ______________________________.

2. The guarantor _______________
(Full Name) shall provide the maximum amount guarantee, and the contract number is ______________________________.

3. The mortgage holder 
_______________ (Full Name) shall provide the security guarantee, and the contract number is ______________________________.

4. The mortgage
holder Jiangsu SOPO Group Co., Ltd.   (Full Name) shall provide the maximum amount security guarantee, and the contract
number is  18156124110128___ .

5. The pledger _______________
(Full Name) shall provide the movable property pledge, and the contract number is ______________________________.

6. The pledger  _______________
(Full Name) shall provide the right’s pledge, and the contract number is ______________________________.

7. The pledger _______________
(Full Name) shall provide the maximum amount pledge, and the contract number is ______________________________.

8. The guarantor _______________
(Name) shall provide the guarantee, and the personal guaranty contract number is ______________________________.

9. The guarantor Qinghuan
Wu        (Name) shall provide the maximum amount guaranty, and the personal maximum amount guaranty contract number is  ___18156124410128
______________________________.

10. _______________________________________.

11. _______________________________________.

12. _______________________________________.

 

    	 

    	 

    

 

Article 15 Other matters agreed by the
parties

1. The contract hereunder
whose number is 18156124170128 is a special business contract signed by two parties under the contract of “maximum amount
financing contract”.

2. In the event of guarantor hereunder
without the Lender’s written consent, come up with the situations of selling, transfer, or grant the collateral, setting
repledge right of mortgage, or repaying other debts with the collateral, or set the collateral to the trusted property, etc., the
Lender is entitled to cancel all or part of the loans, and declare that the contract or loan due in advance, return the principals
and interests in advance.

Article
16 This contract is made in  4  copies, with the Lender holding  2  copies, and the Borrower, guarantor, and
other parties holding 1  copy, each of which shall have equal legal effect.

 

(No text)

 

    	 

    	 

    

 

(Signature
page only)

 

The Lender: Shanghai
Rural Commercial Bank, Pudong Branch 

 

Legal representative
(authorized representative): Jianping Wang

 

Dated: 11/20/2012

 

The Borrower: Shanghai
Hai Lu Kun Lun Hi-tech Engineering Co., Ltd.

 

Person in charge (authorized
representative): Qinghuan Wu

 

Dated: 11/20/2012Exhibit 10.61

 

Maximum
amount guaranty contract

 

Contract No.:B2111913000006

 

Guarantor: China Energy
Recovery (Shanghai) Co., Ltd (hereinafter referred to as “CER Shanghai”);

Address: Building#26,
No. 1388 Zhangdong Road, Zhangjiang Hi-tech Park, Shanghai, China

 

Creditor: Jiangsu Bank

Address:

 

In order to warranty
the performance of debts under item one of this contract, the guarantor provides the warranty to the creditor voluntarily, and
the two parties entered into this contract after equal negotiation.

 

Article 1: Master
contract 

The master contract hereunder
is    A     .

A. The creditor and the
debtor Zhenjiang Kailin heat energy Co., Ltd. entered into this contract of maximum amount comprehensive facility whose
number is sx111913000006, and has or will enter into the separate facility business contract, as well as amendments and
supplements.

B. The creditor and the
debtor                , from    
year   month   day    to    year month   day
, entered into the contracts of loans, bank acceptance drafts, trade financing, letter of guarantee, funds business, and other
agreement, as well as amendments and supplements.

 

Article 2: Primary
credit and period

Except the period determined
or agreed separately in accordance with the laws, the actual credit under the master contract consists of the primary credit of
the contract in the below period:       A     .

A. From the effective
date of “maximum amount comprehensive facility contract” in article one to the expiration date of facility period
stipulated in this contract and amendments or supplements.

B. From ___ year
__ month ___ day __ to __ year __ month __ day under article one of this contract.

 

    	1

    	 

    

 

Article 3: Guarantee
covers

The scope of guaranty
of creditor hereunder covers all debts occurred under this contract by the debtor, including but not limited to principals, interest
expenses, compounded interests, penalties, processing fees, default expenses, damage compensation, legal fees, escrow fees, taxation
expenses, arbitration fees, travel fees, assessment fees, auction fees, property preservation fees, compulsory execution fees and
other expenses for realization of the creditor’s right.

 

Article 4: maximum
amount of the guaranty

The maximum amount which
the guarantee assumed hereunder is at most no more than RMB 30 million only. The maximum amount of guaranty hereon is loan
principal balance by total amount (means line of credit deducting the part of cash deposit) of use of loans and facility actually
under the master contract signed between creditor and debtor and in the period as mentioned in the contract deducting the part
of repayment, excluding the proceeds of payable except the principals stipulated in article 3, such as interest expenses and penalties,
etc., but the guarantee shall still assume the joint liquidated liability.

 

The guarantor agrees
that the debtor can recycle the loans under master contract, and agrees that the debtor can adjust the credit line of all kinds
of loans within the line of credit hereunder, and the guarantor shall assume the joint guarantee liability.

 

Article 5: 

The guarantor has read
the contract comprehensively and carefully and fully understands the master contract entered into between creditor and debtor,
upon the request of guarantor, the creditor has made the terms interpretation accordingly as for the master contract and the contract
hereunder, and the guarantor are fully aware of and understands the whole terms content of master contract and the contract hereunder,
and signed this contract with true willing. The guarantor is fully aware of the legal consequence for the conclusion and performance
of the master contract and the contract hereunder may give rise to, and fully confirms the obligations related to this contract.

 

    	2

    	 

    

 

Article 6: 

The guarantor shall assume
the responsibilities for all debts owed by the debtor to the creditor under the master contract, including the debts arising from
the prepayment requested by the creditor. After received the written notice sent by creditor, the guarantor shall perform the settlement
responsibilities according to the time, kinds of currency, amount, and method of settlement specified by the creditor, and commit
to the creditor that the creditor has the right to deduct all amount of guaranty from the guarantor’s account when the creditor
deems appropriate, if the deducted proceeds is foreign currency, the currency shall be calculated according to the bid price published
by the creditor at the deducted date.

 

Article 7: 

The guarantee obligation
of the guarantor (including the inheritor, assignee, and conservator of the guarantor) need continuity under this contract, shall
not affected by the change of the guarantor or the debtor (including but not limited to merger, split, recombination,
conduct title transaction or transactions of managerial authority by way of lease, contract, and so on). If the debtor’s
subject qualification ceases to exist before clear off the loans hereunder, or the debtor declares that its subject qualification
cease within six month from the date clear off all of loans leading to its foregoing repayment activity invalid, the guarantor’s
warranty obligations is still effective.

 

Article 8:

The term of the guaranty
hereunder is from the date of effective to two years after expiration of the debts hereunder (including the maturity of extension
period).

 

Article 9:

The guaranty obligations
under this contract shall not subject to be affected by any change for the terms and conditions of master contract agreed by both
creditor and debtor (including but not limited to amendments, supplements, and cancellations). If the creditor and debtor agree
to extension or delay the performance of the obligations hereunder, the contract hereunder shall continue to be valid.

 

In the event of the creditor
transfers its credit right to others in the period of guaranty according to the law, the guarantor continues to assume the guaranty
responsibility within the scope of the guaranty.

 

    	3

    	 

    

 

Article 10:

The guarantor makes the
following commitment to the creditor unconditionally and irrevocably: if the debtor fails to or delays to fulfill the obligations
of master contract, or confirm the invalidity of the master contract in certain reason, or due to the guarantor fails to or delays
to perform any clause hereunder leading to a loss to the creditor, all of above shall be a debt payable for the guarantor to the
creditor.

 

Article 11:

Whatever reasons leading
to the master contract invalid in law or part of terms invalid, the guarantor shall still assume the guaranty responsibility for
the debtor’s repayment liability in accordance with the terms listed hereunder. The guarantor pledge to monitor the debtor
to use the loans (facility), in the event of the debtor change the purpose of the loan, the guarantor shall still assume the guaranty
responsibilities.

 

Any tolerance, grace
or postpone the exercise of any right preferential by the creditor to the guarantor under this contract, shall not affect, damage,
or restrict the creditor’s all rights in accordance with the contract hereunder, laws and regulations, and normative documents,
shall not deem as give up the rights and benefit under this contract, and shall not affect any obligations assumed by the guarantor
under this contract.

 

Article 12:

If there is any collateral
security except this guarantee under this contract, the guarantor is willing to perform the joint guaranty responsibility prior
to collateral security on all guaranty debts.

 

Article 13:

The guarantor is an entity
established in accordance with the laws, is qualified to identify the contract hereunder and perform joint guaranty responsibility.
In addition, signing this contract has obtained empowerment thereof, and the process of performing the contract has been completed.

 

    	4

    	 

    

 

Article 14:

The guarantor to sign
and perform this contract is its real intension, is true and effective and legal, shall not affected by any relationship of any
party hereunder and others or other any events.

 

Article 15:

The debts hereunder has
the equal position with guarantor’s other debts, shall be in the same compensation sequence.

 

Article 16:

If the guarantor enters
into the counter guarantee contract with the debtor upon this contract, this counter guarantee contract shall not damage the creditor’s
any interests, and when the guarantor’s compensation arising from the counter guarantee contract and the creditor’s
claim are in the same sequence, the creditor shall be compensated prior to the guarantor.

 

The guarantor shall not
request the debtor to set up a counter guarantee by way of property pledge as to the obligations assumed by the debtor hereunder.

 

Article 17:

The guarantor’s
responsibility shall decrease gradually with the decrease of the debts hereunder.

 

Article 18:

The guarantor shall provide
the true, complete, valid financial statement and other relevant materials and information as required by the creditor.

 

Article 19:

In the event of guarantor
change residence, mailing address, telephone number, the scope of business, and the legal representative, shall notice the creditor
in written within 10 days from the date of change events occurred.

 

    	5

    	 

    

 

Article 21: The application
of laws and resolution of dispute

The signing, effectiveness,
interpretation, performance and settlement of disputes of this contract shall apply for the People's Republic of China's laws.
If there are any disputes based on this agreement, the contracting parties could attempt to resolve them through consultation.
If negotiation fails, shall resolve the disputes according to the following way of     A    :

A. Institute legal proceeding
to the court where the creditor located.

B.

 

The guaranteed claims
under the contract arising from the obligations under the "waste heat recovery upgrading project contract" that Zhenjiang
Kailin shall fulfill its obligations to CGN Energy, means that CGN Energy is entitled to rights as a creditor against Zhenjiang
Kailin under the terms of the "waste heat recovery upgrading project contract”.

 

Article 2: Guarantee
covers

(1) Zhenjiang Kailin
shall pay all amounts payable to CGN Energy arising from the “waste heat recovery upgrading project contract”, such
as contract prices, penalty, damages, and payments for the use of state funds and so on.

(2) All the expenses that CGN Energy incurred to enforce its rights as a creditor of Zhenjiang Kailin (including but not limited
to legal fees, arbitration fees, property preservation fees, travel fees, execution fees, assessment fees, legal fees, auction
fees and so on).

 

Article 3: Ways of
guaranty

CER Yangzhou voluntarily
provides this guarantee. CGN Energy has the right to directly request CER Yangzhou to undertake the payment obligation under scope
of the guaranty contract, even if there is more than one guarantor and there is joint liability between them. CER Yangzhou confirms
that CER Yangzhou can not have any plea if Zhenjiang Kailin fails to fulfill its obligations under "waste heat recovery upgrading
project contract".

 

    	6

    	 

    

 

Article 4: Terms of
guaranty

The guaranty shall terminate
two years after Zhenjiang Kailn fulfills its obligations under the "waste heat recovery upgrading project contract".
If the "waste heat recovery upgrading project contract" is found to be invalid or terminated, the guaranty period shall
be two years from the date the "waste heat recovery upgrading project contract" was found to be invalid or terminated.

 

Article 5: 

If Zhenjiang Kailin defaults
or cannot fulfill its obligations under the "waste heat recovery upgrading project contract", CGN Energy should the first
attempt to realize compensation from the mortgage of the equipment under the contract of HT2012ISC010 for the production line of
Zhenjiang Kailin’s 800kt/a sulfuric acid waste heat recovery project and the guarantee of Jiangsu SOPO (Group) Company. The
guarantee under this contract is independent and accumulated to any other guarantee which CGN Energy has or will obtain, and this
guarantee will be not reduced or affected by any other guarantee which CGN Energy has or will obtain in any way. CGN Energy realized
guarantee under this agreement will not in condition of undertaking any other guarantee. CER Yangzhou agreed, if CGN Energy fails
to perform the rights related to this contract (including but not limited to the right of claim, right of guarantee and right of
relief), in any case, which is not equal to CGN Energy abandon that rights, and will not have an impact on perform the rights completely
under this agreement.

 

Article 6: Claims
and Confirmations

Zhenjiang Kailin and
CGN Energy should amend the contract price, period, penalty, damages, rights and obligations and so on in "waste heat recovery
upgrading project contracts.” CER Yangzhou confirms that CER Yangzhou’s guarantee liability will not terminate, and
do not require the consent of CER Yangzhou, if there is any changes in the terms of the “"waste heat recovery upgrading
project contract" between Zhenjiang Kailin and CGN Energy. However, any addition to the contract price shall require the consent
of CER Yangzhou, or else CER Yangzhou will not have any guarantee responsibility for the additional price.

 

    	7

    	 

    

 

Article 7: Other Contract
Related

The effect of the guarantee
contract is independent of the "waste heat recovery upgrading project contract" and its possible affiliations. The validity
of all or part of the "waste heat recovery upgrading project contract" does not affect the validity of the guaranty contract.
If the "waste heat recovery upgrading project contract" signed between Zhenjiang Kailin and CGN Energy is invalid and
both of them are in default, CER Yangzhou will assume the joint responsibility according to the amount of compensation that Zhenjiang
Kailin should undertake. Any contracts, agreements, guarantees, tacit understanding or disputes among Zhenjiang Kailin, CGN Energy
and CER Yangzhou will have no influence to the validity of this guarantee contract. The guarantee of CER Yangzhou will not be reduced
or eliminated if there is any merger, split, joint-stock reform, changes in capital, joint ventures, or other similar circumstances
affecting Zhenjiang Kailin and CGN Energy during the contract period

 

Article 8: Other Clauses

During the guarantee
period, CER Yangzhou will be requested for the guaranteed responsibility if there is any breach of contract under the "waste
heat recovery upgrading project contract" or if CGN Energy regards that an event happened that affects its ability on realizing
its claims.

 

Article 9: Representations
and Warranties

CER Yangzhou guarantee:

 

1. The provided guarantee
to CGN Energy is legal, complete, true and effective;

2. CER Yangzhou’s
financial station is sufficient to ensure the capability of fulfilling the guarantee; CER Yangzhou is willing to fulfill the responsibility
with all its properties;

3. The provided guarantee
procedure is legal and effective;

4. There is no matter
undisclosed that should be, there is no case for infringement of legal rights of third parties, otherwise CER Yangzhou will assume
all the legal responsibility arising from the dispute and compensate all the losses to CGN Energy;

5. In the meantime, CER
Yangzhou will assume all the cost rising from the process allowing CGN Energy to achieve its own claims (including: evaluate and
auction fee, litigation costs, implementation costs, counsel fees etc.)

 

Article 10: Effective

		1.	This contract shall take effect from the date of signing;

		2.	For the actual situation, each party can amend this agreement in the confirmed supplement after
negotiation;

 

    	8

    	 

    

 

		3.	If there are any disputes based on this agreement, the contracting parties could attempt to resolve
them through consultation. If negotiation fails, either party may bring proceedings in a court of law. This Contract shall be governed
by and interpreted in accordance with the law of the People's Republic of China;

		4.	The contract is in three duplicates, one copy for each party;

 

    	9

    	 

    

 

(Signature page,
no text)

 

Contract party:

 

CER Energy Recovery (Yangzhou)
Co., Ltd  (Stamp)

 

Signature

 

Kailin Energy Zhenjiang,
Ltd. (Stamp)

 

Signature

 

China Guangdong Nuclear
Energy Service Co., Ltd (Stamp)

 

Signature

 

    	10

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