Document:

Unassociated Document

    

    
      	
              Exhibit
4.15

            

    

     

    Contract
No.: [_________]

    

    Loan
Guarantee Contract

    

    By and
between

    

    Guarantor
(Party A): Shanghai
Z.F.X. Steel Co., Ltd.

     

    Address:

     

    Legal
Representative: Xufeng
Zhou

    

    And

    

    Creditor
(Party B):
Feicuiyuan Branch,
Huishang Bank

      

    Address:

     

    Person in
Charge: Long  Wang

    
      
         

      

      
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    Contents

    
      
        
          
            	 	 	 
	
                    Article
      1 Representations and Guarantees of Party A

                  	 
      	 
      
	
                    Article
      2 Types, Amount and Term of Loan of the Main Credit under the
      Guarantee

                  	 
      	 
      
	
                    Article
      3 Method of Guarantee

                  	 
      	 
      
	
                    Article
      4 Scope of Guarantee

                  	 
      	 
      
	
                    Article
      5 Period of Guarantee

                  	 
      	 
      
	
                    Article
      6 Rights and Obligations of Party A

                  	 
      	 
      
	
                    Article
      7 Rights and Obligations of Party B

                  	 
      	 
      
	
                    Article
      8 Liabilities for Breaching the Contract

                  	 
      	 
      
	
                    Article
      9 Effectiveness, change, rescission and termination of the
      contract

                  	 
      	 
      
	
                    Article
      10 Disputes Settlement

                  	 
      	 
      
	
                    Article
      11 Miscellaneous

                  	 
      	 
      
	
                    Article
      12 Supplementary Provisions

                  	 
      	 
      

          

        

      

    

    
      
         

      

      
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    For the
purpose of guaranteeing the duly performance of the obligations of the borrower
under the loan contract [_________]
concluded by and between Ossen (Maanshan) Steel Wire
and Cable Co., Ltd. On [_________]
(hereinafter referred to as the “Main Contract”), Party A is willing to provide
the guarantee to Party B. For the purpose of identifying the rights and
obligations of both parties, Party A and Party B agree to conclude the contract
as below in accordance with the Guarantee Law, the Real Property Law and other
applicable laws and regulations.

    

    Article
1 Representations and Guarantees of Party A

    

    
      	
              1.1

            	
              Party
      A has the qualification as a guarantor and may provide the guarantee to
      others according to the Chinese
laws.

            

    

    

    
      	
              1.2

            	
              Party
      A has the adequate capability to undertake the liabilities of guarantee
      which will not be relieved or exempted due to any order, change of
      financial status or agreement with any
unit.

            

    

    

    
      	
              1.3

            	
              Party A fully
      understands the usage of the loan under the Main Contract and is totally
      voluntary to provide the guarantee for the borrower under the Main
      Contract, and its meanings under the Main Contract are completely
      true.

            

    

    

    
      	
              1.4

            	
              Where the borrower
      fails to perform the obligations to pay the principal and interest of the
      loan and the relevant expenses, Party B may directly claim from Party A
      and Party A authorizes Party B to transfer the same from its account
      opened in Party B.

            

    

    

    
      	
              1.5

            	
              Party A has read all
      the articles of the contract. Party A has fully known and understood the
      meanings and the legal consequences of all the articles, especially the
      indications with underline.

            

    

    

    
      	
              1.6

            	
              Party A has completed
      all the legal formalities related to guarantee as per the articles of
      association of Party A.

            

    

    

    Article
2 Types, Amount and Term of Loan of the Main Credit under the
Guarantee

    

    2.1 The
main credit guaranteed under the contract is the loan distributed based on the
main contract.

     

    Total
amount is RMB [_________] (in
word). The term of loan is from [_________] to
[_________].
In case of any difference between the actual loan installments, amount,
distribution date and term of use, the contract shall prevail.

    
      
         

      

      
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    Article
3 Method of Guarantee

    

    3.1 The method of guarantee
under the contract is joint and several guarantee.

    

    Article
4 Scope of Guarantee

    

    4.1 The
scope of the guarantee under the contract include the principal, interest,
compound interest, punishment interest, late fee, liquidated damages, expenses
to realize the credit (including the attorney fees) and other payable
fees.

    

    Article
5 Period of Guarantee

    

    5.1 The
period of guarantee under the contract is two years from the date after the due
date of the loan determined under the Main Contract.

    

    5.2 Where
the loan determined under the Main Contract becomes due by installments, the
period of guarantee of each installment is two years from the date after the due
date of each installment.

    

    5.3 Where
Party B withdraws the loan earlier according to the Main Contract, the period of
guarantee is two years from the date after the date of repayment notified by
Party B to the borrower.

    

    Article
6 Rights and Obligations of Party A

    

    6.1 Where
Party A is involved in any of the following conditions, Party A must timely
notify Party B in case of being a listed company or notify Party B within three
days in writing in case of not being a listed company.

    

    6.1.1
Change of operation scheme: e.g. contracting, lease, joint venture, merger,
acquisition, division, restructuring of shareholding structure and cooperation
with foreign investors.

    6.1.2
Change of business scope and registered capital and change of
equity

    6.1.3
Deterioration of financial status or being involved in material economic
disputes;

    6.1.4
Bankruptcy, business stoppage, liquidation, business suspension for
restructuring, being revoked with business license or being
cancelled.

    6.1.5
Change of address, telephone or legal representative

    

    6.2 Where the Main Contract
between Party B and the borrower changes, Party B is not required to obtain the
consent from Party A except for the extension or the increase in the loan amount
and Party A will undertake the joint and several liabilities of guarantee within
the original scope of guarantee.

    

    6.3 Where Party B transfers the
main credit to any third party within the valid term of the contract Party A
will undertake the joint and several liabilities of guarantee within the
original scope of guarantee.

    
      
         

      

      
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    6.4 Where
Party A is involved in division, merger, restructuring of shareholding structure
or other events within the valid term of the contract Party A guarantees to
properly handle all the liabilities of guarantee under the
contract.

    

    6.5
Within the valid term of the contract, the customer must always keep the various
financial targets required by the bank. Without the permission from the bank,
the dividends to the customer must not exceed a certain proportion of the
after-tax net income and the capital expenditure must not exceed a certain
amount required by the bank. The customer must not apply for credit from other
creditors, not change the clauses of debts with other creditors, not repay other
long-term debts earlier, not provide debt guarantee to other third party and not
mortgage assets to other creditors.

    

    Article
7 Rights and Obligations of Party B

    

    7.1 Where
the credits of Party B fail to be settled in whole or in part upon the
expiration of the main debts, Party B has the right to directly require Party A
to undertake the liabilities of guarantee as per the contract no matter whether
the borrower has provided any guarantee in kind to the debts.

    

    7.2 In
case of any of the following conditions, Party B has the right to notify Party A
in writing to earlier undertake the liabilities of guarantee and Party A must
perform the liabilities of guarantee within 10 days after its receipt of the
said notice.

    

    7.2.1
Party B legally rescinds the main contract as agreed herein;

    7.2.2
Party B earlier withdraws the loan as agreed herein.

    

    Article
8 Liabilities for Breaching the Contract

    

    8.1 Where
Party B suffers from any loss or damage due to the fraudulent representations
and statements made by Party A in Article 1 of the contract, Party A must
indemnify Party B for its actual damage or loss.

    

    8.2 Party
A and Party B must fully perform their obligations under the contract after the
contract takes effective. Where either party fails to perform the contract in
whole or in part, the party must undertake the corresponding liabilities for
breaching the contract and indemnify the other party for its losses and damages
so caused.

    

    8.3 Where the contract becomes
invalid by the reasons attributable to Party A, Party A must indemnify Party B
for all of its damages and losses so caused.

    

    Article
9 Effectiveness, change, rescission and termination of the contract

    

    9.1 The
contract takes effective from the date when signed and stamped by Party A and
Party B and terminates when the borrower under the main contract pays off all
the principal, interest, compound interest, late fee, liquidated damages,
indemnification, the expenses to realize the credit (including the attorney fee)
and all the other payable fees.

    
      
         

      

      
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    9.2
Neither party may change or rescind the contract without consent after the
contract takes effective. In case of any need for change or rescission, the
parties must agree within each other in writing through negotiations. The
Contract remains in effect before the parties reach the written
agreement.

    

    Article
10 Disputes Settlement

    

    10.1
Disputes between Party A and Party B arising out of the performance of the
contract shall be settled by the parties through negotiations. In case of no
agreement may be reached through negotiations, the parties adopt Article [______] to settle
the disputes.

    

    10.1.1 To
submit the dispute to ____ arbitration committee for arbitration.

    10.1.2 To
submit to the local court in the place where Party B is located for
settlement.

    

    Article
11 Miscellaneous

    

    11.1

    11.2

    11.3

    

    Article
12 Supplementary Provisions

    

    12.1 The
original copy of the contract is made in counterparts. Party A, Party B and
____hold ___ counterpart(s) respectively. All the counterparts have the same
legal force and effect.

    

    Party A:
Shanghai Z.F.X. Steel Co., Ltd (seal)

    Legal
Representative:

      

    Date:
[_________]

    

    Party B:
Feicuiyuan Branch, Huishang Bank (seal)

    People in
Charge:

      

    Date:
[_________]

    
      
         

      

      
        - 6 -Unassociated Document

    Exhibit
4.16

     

    Cooperation
Agreement

    

    Party A:
Ossen (Jiujiang) Steel Wire & Cable Co., Ltd.

    

    Party B:
Shanghai Machinery Manufacturing Technology Research Institute

    

    Party C:
Organization Department of Jiujiang Committee of CPC and Jiujiang Bureau of
Science and Technology

    

    For the
purpose of its development, Party A is in urgent need of technology for “high
performance indented prestressed steel wires and galvanized steel wires” to
realize industrialization as soon as possible. In order to implement the program
for uniting technology and talents and project of Jiujiang City, the
Organization Department of Jiujiang Committee of CPC and the Jiujiang Bureau of
Science and Technology promptly contacts Shanghai Machinery Manufacturing
Technology Research Institute. With the Institute’s vigorous support and
assistance, the Organization Department of Jiujiang Committee of CPC and the
Jiujiang Bureau of Science and Technology contributes a lot to the cooperation
between Party A and Party B in R&D project. The parties hereby reach the
following agreement through consultation for mutual covenants.

    

    Article
1 Legal Basis for Signing the Agreement

    

    
      	
              1.

            	
              The
      Contract Law of the People’s Republic of
China;

            

    

    

    
      	
              2.

            	
              State
      and local regulations and rules on the administration of
      designs.

            

    

    

    Article
2 Basis for Design

    

    
      	
              1.

            	
              Technical
      conditions for product design submitted by Party A to Party
    B;

            

    

    

    
      	
              2.

            	
              State
      and local specifications and regulations for design of high performance
      prestressed steel wires and galvanized steel
  wires.

            

    

    

    Article
3 Liabilities of the Parties

    

    
      	
              1.

            	
              Party
      A’s liabilities

            

    

    

    
      	
            	
              (1)

            	
              Party
      A shall provide Party B with technical conditions for designing and be
      liable for the completeness and correctness
  thereof;

            

    

    

    
      	
            	
              (2)

            	
              Party
      A shall make payment to Party B as design fee in accordance
      herewith;

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    
      	
              2.

            	
              Party
      B’s liabilities

            

    

    

    
      	
            	
              (1)

            	
              Party
      B shall design in accordance with technical conditions for designing and
      relevant regulations of the state, and deliver design documents (including
      electronic technical documents) in accordance with the time specified
      herein. Design documents include but not limited to all set of design
      drawings, operation and user’s manual, list of materials and equipment,
      and list of losses. Party B shall also be liable for the quality of design
      documents submitted.

            

    

    

    
      	
            	
              (2)

            	
              Party
      B shall make revision or supplement to any error or omission in the design
      documents;

            

    

    

    
      	
            	
              (3)

            	
              Where
      Party A raises opinions on revision to the design documents submitted by
      Party B, the parties shall negotiate the same carefully and Party B shall
      be liable for making revision free of
charge;

            

    

    

    
      	
            	
              (4)

            	
              Party
      B shall be responsible for technical disclosure before manufacturing,
      design, final assembly and commissioning, provide follow-up technical
      service as needed for Party A’s project. Expenses for meals, accommodation
      and traffic of Party B’s personnel during technical disclosure and
      technical service shall be borne by Party
A.

            

    

    

    
      	
              3.

            	
              Party
      C’s liabilities

            

    

    

    
      	
            	
              (1)

            	
              In
      facilitating the cooperation between Party A and Party B, Party C shall
      offer relevant services and supervise the performance of the
      Agreement.

            

    

    

    
      	
            	
              (2)

            	
              Party
      C agrees to give preferential policies and support in terms of initiation
      and other aspects of the “high performance prestressed steel wires and
      galvanized steel wires” program.

            

    

    

    Article 4 Fee

    

    Through
consultation between the parties, the total contract price is CNY one hundred
thousand, subject to no adjustment in future.

    

    Article
5 Payment Terms

    

    
      	
              1.

            	
              Party
      A shall pay Party B CNY ten thousand upon the effectiveness of the
      Agreement;

            

    

    

    
      	
              2.

            	
              Party
      A shall pay Party B CNY thirty thousand upon Party B’s submission of the
      preliminary design documents;

            

    

    

    
      	
              3.

            	
              Party
      A shall pay Party B CNY forty thousand upon Party B’s submission of the
      construction drawings;

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    
      	
              4.

            	
              Party
      A shall pay the balance to Party B within one month after Party A
      completes installation, commissioning and
test;

            

    

    

    
      	
              5.

            	
              Party
      B shall issue official invoices.

            

    

    

    Article
6 Effectiveness and miscellaneous

    

    
      	
              1.

            	
              Party
      B shall provide service for the project hereunder till the completion of
      installation and test;

            

    

    

    
      	
              2.

            	
              Technical
      conditions for designing form an integral party hereof and have the same
      legal effect with the Agreement;

            

    

    

    
      	
              3.

            	
              Any
      issue uncovered hereunder shall be solved through consultation among the
      parties.

            

    

    

    Party A:
Ossen (Jiujiang) Steel Wire & Cable Co., Ltd.

    
      
        
          
            	
                    Representative:  

                  	
                      

                  	
                    January
      2008

                  

          

        

      

    

    

    Party B:
Shanghai Machinery Manufacturing Technology Institute

    
      
        
          	
                  Representative:  

                	
                    

                	
                  January
      2008

                

        

      

    

    

    
      
        
          
            	
                    Party
      C: Organization Department of Jiujiang Committee of
      CPC        

                  	
                    

                  

          

        

      

    

    

    
      
        
          	
                  Jiujiang
      Bureau of Science and Technology

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