Document:

Contract
      for Loan on Guarantee

    

    Loaner:
      Zhejiang
      Changxing Agricultural Cooperative Bank 

    Loanee:
      Changxing
      Chisen Electric Co., Ltd.

    Guarantor: Zhejiang
      Chisen Glass Co., Ltd. 

    

    This
      Contract is entered into upon unanimous consultation among the Loaner, the
      Loanee and the Guarantor and in accordance with Chinese laws, rules and relevant
      regulations. 

    

    
      	Article
              1	
              Amount,
                Type and Purpose: The
                Loaner agrees to offer the Loanee the loan of RMB
                10 million (say ten million Yuan Renminbi) at
                the type of short-term
                loan
                for the purpose of busing
                raw materials. 

            

    

    

    
      	Article
              2	
              Loan
                Period:
                The loan period hereof shall commence from June
                27, 2008
                and end on June,
                21, 2009.
                If the real date to grant loan is different from the abovementioned,
                the
                loan receipt shall be referred to. 

            

    

    

    
      	Article
              3	
              Loan
                Rate: the
                loan rate hereof shall be monthly 8.0925%.
                In the event that the People's Bank of China adjusts the reference
                loan
                rate, if the loan period is shorter than 1 (inclusive) year, the
                loan rate
                prescribed herein shall be unchangeable; if the loan period is beyond
                1
                year, such loan rate shall be adjusted pursuant to the adjustment
                by the
                People's Bank of China in the yearly
                manner and the loaner will not send further notice to the loanee
                or the
                guarantor. 

            

    

    

    
      	Article
              4	
              Repayment
                Method:
                The repayment method prescribed herein is monthly
                repayment,
                each 20th
                day of the
                last month of each quarter is
                the expiry date for interest, and the succeeding date thereof shall
                be the
                interest payment date. The overdue payment shall be deemed breach
                of
                contract. The principal shall be paid off at lump sum at the expiration
                of
                loan period, contemporaneously with total interests. However if otherwise
                prescribed in loan receipt, the repayment method shall be executed
                pursuant thereto. 

            

    

    

    
      	Article
              5	
              Guaranty
                Method:
                The guarantor is willing to provide joint and several liability for
                the
                credit of the loaner hereof. 

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	Article
              6	
              Guaranty
                Period: The
                guaranty period shall be 2 years since the expiry date of loan period.
                Provided that the loaner receives the unexpired loan in advance,
                it shall
                be deemed the expiration of loan period. In the event of extension
                of the
                loan period, the guaranty period shall be 2 years since the expiry
                date of
                the extended loan period. 

            

    

    

    
      	Article
              7	
              Coverage
                of Guaranty: the
                coverage of guaranty shall be the principal and interests (including
                penalty interest and double interest) of loan, damages and the cost
                for
                realization of credit that shall include legal cost, attorney's fee,
                traveling cost and other reasonable fees.

            

    

    

    
      	Article
              8	
              Special
                Provision:
                (1) in the event of failure of the main contract hereof, the guaranty
                clause shall still remain effective and the guarantor shall undertake
                the
                joint and several liability to the loaner for all creditor's right
                (rights) pursuant hereto; (2) provided that the loan rate is raised
                pursuant to Clause 3 hereof, the guarantor shall agree to undertake
                the
                joint and several liability for the interest increment produced by
                the
                increase of the loan rate pursuant the guarantee clause hereof; (3)
                provided that the loaner transfers its creditor's right according
                to the
                law, the guarantor shall still undertake the joint and several liability
                pursuant hereto; (4) provided that creditor's right of the loaner
                hereof
                is guaranteed by other person and/or material, no matter the material
                guarantee is offered by the loanee or the third party, the loner,
                when
                asserting a claim, may realize the creditor's rights as to the material
                guarantee or require the guarantor to undertake the joint and several
                liability, or both contemporaneously; (5) the guarantor agrees to
                keep
                close watch on the operation of the loanee, and in the event of the
                bankruptcy and liquidation of the loanee, shall be presumed to know,
                or
                should know, such behavior, and the guarantor shall exercise the
                right of
                recovery in advance; (6) either common or separate guaranty by the
                guarantor shall be deemed relationship of joint and several guaranty;
                (7)
                the loaner's claim of guaranty liability to any guarantor shall be
                deemed
                concurrent claim to other guarantors.

            

    

    

    
      	Article
              9	
              Extension
                of Loan Period: In
                the event of extension of the loan period, the loanee shall apply
                in
                writing to the loaner prior to the expiry thereof, and a separate
                repayment agreement will be entered into among the loan, the loanee
                and
                the guarantor after the consent of the loaner and the guarantor.
                After
                extension of the loan period, if the extension, plus the original
                period,
                reaches a new loan rate, such loan rate will be executed since the
                date of
                such extension. 

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	Article
              10	
              The
                loaner shall be entitled to suspend the loan not offered hereunder
                and
                recover the unexpired loan in advance upon the occurrence of any
                one of
                the following circumstances that the loanee,:
                (1) fails to pay the principal or interest as scheduled, or to pay
                the
                principal and interest as otherwise prescribed in loan receipt; (2)
                fails
                to use the loan as designated; (3) fails to accept or cooperate in
                the
                inquiry or supervision by the loaner; (4) fails to clear off other
                expired
                debt to the loaner, other financial institutions or the third party
                as
                scheduled; (5) or its legal representative, shareholder and senior
                officer
                participates in serious gamble, narcotic taking or other unlawful
                practice; (7) is involved in material unfavorable legal proceedings;
                (8)
                is imposed by administration material administrative punishment;
                (9) stops
                operation due to poor management; (10) hides enterprise's financial
                condition or operating situation; (11) operates contracting, commission
                operation, lease, JV, merger, consolidation, dissolution, transfer,
                stock
                investment or reduces registered capital without the written consent
                of
                the loaner; (12) changes company name, legal representative, shareholder,
                registered address or business scope; (13) is involved in tax evasion,
                bankruptcy, dissolution, is ordered to suspend operation or revoked
                business license; (14) has other serious matter influencing repayment
                ability.

            

    

    

    
      	Article
              11	
              Provided
                that the guarantor has any one of the circumstances as prescribed
                in
                subsections 4 to 14 of Article 10, the loaner shall be entitled to
                suspend
                the offer of loan hereunder and to recover the unexpired loan in
                advance.
                

            

    

    

    
      	Article
              12	
              Liability
                for Breach of Contract

            

    

    

    
      	
            	1.	
              The
                loanee's breach of contract and relevant liabilities: (1) if the
                loanee
                fails to repay the loan principal (including extension of loan period),
                the loanee shall pay the penalty interest of 40%
                of
                the loan interest hereof from the date of such failure; (2) if the
                loanee
                fails to repay the loan interest, the loanee shall pay a double interest
                according to the penalty interest; (3) if the loanee fails to use
                the loan
                for the purpose as prescribed herein, the loanne shall pay a penalty
                interest of 50%
                of
                the loan interest for the period of peculation of the loan; (4) in
                the
                event of early repayment, the loanee shall have the consent of the
                loaner.
                

            

    

    
      	
            	2.	
              The
                loaner's breach of contract and relevant liabilities: If the loaner
                fails
                to offer loan to the loanee pursuant hereto, the loaner shall pay
                the
                laonee the defaul fine according to the default amount, penalty interest
                rate and the number of days of such
                failure.

            

    

    

    
      	Article
              13	
              Performance
                of Contract: 1.
                The loanee shall open account in the loaner, and the loaner's transfer
                of
                loan to the said account shall be deemed the performance of duty
                to offer
                loan; 2. For the recovery of expired principal and interest or early
                recovery of principal and interest pursuant to the Contract, the
                loaner
                may directly deduct from the accounts of the loanee or the guarantor.
                

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	Article
              14	
              Use
                of Information: The
                loanee and the guarantor agree with the loaner to input (inquire,
                disclose) the related information thereof in accordance with the
                rules and
                regulations set forth by the People's Bank of China or other financial
                administrations. 

            

    

    

    
      	Article
              15	
              Others:
                N/A. 

            

    

    

    
      	Article
              16	
              Dispute:
                Any dispute arising from or in connection with the performance of
                the
                Contract shall preferably be settled through friendly consultation
                among
                the loaner, the loanee and the guarantor. If no settlement can be
                reached
                through such consultation, such dispute may be instituted to the
                court of
                the place in which the loaner is located.

            

    

    

    
      	Article
              17	
              Miscellaneous

            

    

    

    
      	 	
              1.

            	
              The
                loan receipt is an integral part of the Contract and shall have the
                equal
                effect herewith. 

            

    

    
      	 	
              2.

            	
              Any
                notarial cost or other fees arising herefrom shall be paid by the
                loanee
                or the guarantor.

            

    

    
      	 	
              3.

            	
              In
                the event that the guaranteed debt hereof has been settled, but such
                settlement is deemed invalid by the legal document, the Contract
                shall
                continue to survive. 

            

    

    
      	 	
              4.

            	
              Effectiveness
                of Contract: The Contract shall take effect since being signed (sealed)
                by
                each party hereto. 

            

    

    
      	 	
              5.

            	
              The
                loaner has submitted the Contract to the loanee and the guarantor
                for an
                overall and accurate provisions herein and given full statement hereof
                according to the requirements thereof.

            

    

    
      	 	
              6.

            	
              The
                Contract shall be executed in four
                copies, two for the loaner and one for each of the loanee and the
                guarantor, each of which shall be equally authentic.
                

            

    

    

    The
      loanee
      (seal):
      Changxing Chisen Electric Co., Ltd.

    Legal
      representative
      (signature): /s/ Xu Kecheng

    

    The
      Loaner (seal):
      Zhejiang Changxing Agricultural Cooperative Bank

    Authorized
      representative
      (signature): /s/ Chen Faliang

    

    The
      guarantor (seal):
      Changxing Chisen Glass Co., Ltd.

    Legal
      representative
      (signature): /s/ Xu Kecheng

    

    Date:
      June
      27, 2008Renminbi
      Loan Contract

    

    (Loanee)
      Party A: Changxing Chisen Electric Co., Ltd.

    Address:
      Jingyi Road, Changxing Economic Development Zone

    Legal
      Representative: Xu Kecheng 

    Tel:
      6267588

    Zip
      Code:
      313100

    

    Loaner
      (Party B): China Construction Bank Corporation Changxing Branch

    Address:
      Huaicheng Road, Changxing 

    Chief
      Person: Chen Shuo

    Tel:
      6024028

    Zip
      Code:
      313100

    

    WHEREAS, 

    

    Party
      A
      applies to Party B for a loan and Party B agrees such loan to Party A, and
      in
      accordance with the relevant laws and regulations and after friendly
      consultation, both parties hereby agree to enter into this Contract to evidence
      the aforesaid.

    

    NOW
      IT IS agreed
      as
      follows: 

    

    
      	Article 1	
              Loan
                Amount 

            

    

    

    The
      loan
      amount under this Contract shall be seventeen
      million Yuan Renminbi.
      

    

    
      	Article 2	
              Loan
                Purpose 

            

    

    

    Party
      A
      shall use the loan to purchase raw
      materials,
      and may
      not change such loan purpose without the written consent of the loaner.

    

    
      	Article 3	
              Loan
                Period

            

    

    

    The
      loan
      period under this Contract shall be one
      year
      commencing from January
      11, 2008
      and
      ending on December
      20, 2008.

    

    
      	Article 4	
              Loan
                Rate, Penalty Rate, Interest Charge and Interest Settlement
                

            

    

    

    
      	
              (1)

            	
              The
                loan rate under this Contract shall be annual interest rate of
                8.217%
                that keeps constant within the loan period.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              (2)

            	
              Provided
                that Party A fails to use the loan according to the purpose of this
                Contract, the penalty rate shall be 100%
                raised loan rate. 

            

    

    
      	
              (3)

            	
              The
                penalty rate on overdue repayment shall be 50%
                raised loan rate.

            

    

    
      	
              (4)

            	
              The
                interest date herein shall refer to the date of first offering of
                loan to
                the account designated by Party A.

            

    

    
      	
              (5)

            	
              The
                loan interest shall start since the date on which the loan is transferred
                to the account designated by Party A. The loan shall be calculated
                interest per day, daily interest = annual interest date/360. Provided
                that
                Party A fails to pay the interest according to the expiry date of
                interest, double interest will be collected since the pursuing date
                thereof. 

            

    

    
      	
              (6)

            	
              The
                interest under this Contract shall be settled by month, the expiry
                date
                for interest shall be the 20th
                day of each month.

            

    

    

    
      	Article 5	
              Offer
                and Use of Loan

            

    

    

    
      	
              (1)

            	
              Premises

            

    

    On
      the
      premises that the following conditions are satisfied one after another, Party
      B
      shall be amenable to offer the loan thereto except its waiver in whole or in
      part,

    

    
      	 	
              1)

            	
              Party
                A has completed all approvals, registrations, deliveries, insurance
                and
                other legal procedures in connection with the loan under this
                Contract;

            

    

    
      	 	
              2)

            	
              The
                guarantee, if any under this Contract, has taken effect and continue
                to be
                effective;

            

    

    
      	 	
              3)

            	
              Party
                A has opened the account to draw and repay money pursuant
                hereto;

            

    

    
      	 	
              4)

            	
              Party
                A has no any one of breach of this Contract or any situation possibly
                to
                damage Party B’s creditor’s right as have been specified herein.
                

            

    

    

    
      	(2)	
              Use
                of fund 

            

    

    The
      loan
      under this Contract shall be offered in full and at one time.

    

    
      	Article 6	
              Repayment
                

            

    

    

    
      	(1)	
              Principal
                of repayment 

            

    

    Party
      B
      shall be entitled to use Party A’s repayment to repay the expenses that should
      be paid by Party A but has been paid by Party B in advance and the balance
      shall
      be recovered in accordance with the principle firstly interest, then principal,
      settlement of interest with pricipal.

    
      	(2)	
              Interest
                

            

    

    Party
      A
      shall pay Party B the expired interest at the expiry date for interest. The
      first date to pay interest shall be the first expiry date for interest after
      the
      offer of loan.

    
      	(3)	
              Principal
                recovery plan 

            

    

    The
      principal shall be paid off in full at the expiry date. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	(4)	
              Recovery
                method

            

    

    By
      automatic transfer to Party B’s account, also, Party B shall be entitled to
      transfer the fund from Party A’s account.

    
      	(5)	
              Advance
                repayment 

            

    

    In
      the
      event of advance repayment, Party A shall submit a written application to Party
      B 30
      working
      days in advance and may repay, in whole or in part, the principal after Party
      B’s approval thereof.

    

    
      	Article 7	
              Party
                A’s Right and Obligation 

            

    

    

    
      	(1)	
              Rights

            

    

    Party
      A
      shall be entitled 

    
      	 	
              1)

            	
              to
                require Party A to offer the loan pursuant to this
                Contract;

            

    

    
      	 	
              2)

            	
              to
                use the loan pursuant to this
                Contract;

            

    

    
      	 	
              3)

            	
              to
                apply to Party B for an extension of loan subject to the condition
                set
                forth thereby;

            

    

    
      	 	
              4)

            	
              to
                require Party B to keep Party A’s financial information and business
                secrete in confidence, unless there is otherwise requirement in
                law;

            

    

    
      	 	
              5)

            	
              to
                refuse Party B and its employee’s act of asking for
                bribes.

            

    

    

    
      	(2)	
              Obligations

            

    

    Party
      A
      shall 

    
      	 	
              1)

            	
              to
                draw the loan and repay the principal and interest thereof pursuant
                to
                this Contract and undertake the fees incurred
                thereby;

            

    

    
      	 	
              2)

            	
              to
                produce financial and accounting data and situation relating to production
                and operation;

            

    

    
      	 	
              3)

            	
              to
                use the loan according to the purpose specified herein, not to
                misappropriate the loan to illegal
                trading;

            

    

    
      	 	
              4)

            	
              not
                to use the assets formed by the loan under this Contract as guarantee
                for
                the third person without the consent of Party B before full repayment
                of
                the principal and interest of the
                loan.

            

    

    

    
      	Article 8	
              Party
                B’s Right and Obligation 

            

    

    

    (1) Party
      B
      shall be entitled to require Party A to repay the principal, interest and fees
      on time, exercise other rights as have been specified herein and require Party
      A
      to perform the obligations thereof under this Contract;

    (2) Party
      B
      shall offer the loan pursuant to this Contract, exclusive of the delay as a
      result of Party A’s mistake or other reasons unattributable to Party
      B;

    (3) Party
      B
      shall keep Party A’s financial information and business secrete in confidence,
      unless there is otherwise requirement in law;

    (4) Party
      B
      may not acquire or require bribes from Party A or the employees
      thereof;

    (5) Party
      B
      may not engage any act untruthful or harmful to Party A’s lawful
      interest.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	Article 9	
              Liability
                for Breach of Contract 

            

    

    

    
      	
              (1)

            	
              Party
                B’s breach of contract 

            

    

    
      	 	
              1)

            	
              Provided
                that Party B fails to offer the loan without good cause, Party A
                may
                require Party B to offer the loan pursuant to this
                Contract;

            

    

    
      	 	
              2)

            	
              Provided
                that Party B, in violation of the law or regulation, charges on Party
                A
                the interests and fees that shall not be collected, Party A shall
                be
                entitled to require the return thereof by Party
                B.

            

    

    

    (2)
      Party
      A’s breach of contract 

    
      	 	
              1)

            	
              Party
                A violates any provision set forth herein or any legal
                liability;

            

    

    
      	 	
              2)

            	
              Party
                A, expressly or by act, make clear not to perform any one of the
                obligations set forth herein.

            

    

    

    
      	Article 10	
              Miscellaneous
                

            

    

    

    (1)
      Dispute Resolution

    1)
      Any
      dispute arising from or in connection with the performance of this Contract
      shall preferable be settled through friendly consultation. If no settlement
      can
      be reached through such consultation, any party may refer such dispute to the
      court of the place in which Party B is located. 

    

    (2) Effectiveness
      

    This
      Contract shall come into effect since being signed and sealed by both
      parties.

    

    (3) Counterpart

    This
      Contract shall be executed in three
      copies,
      each of which shall be equally authentic. 

    

    
      	Article 11	
              Statement
                

            

    

    

    (1) Party
      A
      is clearly aware of Party B’s business scope and authorization limit.

    (2) Party
      A
      has read all provision of this Contract. Upon Party A’s request, Party B has
      made construction of relevant provision set forth herein and Party A has known
      well and fully understands the meanings of the provisions and relevant legal
      consequence. 

    (3) Party
      A’s
      signing on and performance of the obligations set forth in this Contract comply
      with the law, administrative rule, regulation and Party A’s articles of
      association or international file and have been approved by internal authority
      department and/or national competent department. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Party
      A:
      Changxing Chisen Electric Co., Ltd. (seal)

    Legal
      representative: /s/ Xu Kecheng (signature)

    Date:
      January 11, 2008

    

    Party
      B:
      China Construction Bank Corporation Changxing Branch (seal)

    Authorized
      representative: /s/ Wang Wei (signature)

    Date:
      January 11, 2008

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