Document:

Exhibit
      10.1

    

    LOAN
      AGREEMENT

    (English
      Translation)

    

    Important
      note: Party A and Party B must read through this entire agreement, especially
      the terms marked with ▲▲. If there are any questions, please make sure to ask
      Party C for clarification.

    

    

    Borrower
      (hereinafter,
      known as "Party A"): 

    Perfectenergy
      (Shanghai), Ltd.

    

    Legal
      representative (Corporate representative): Zhang Feng-ying

    

    
      	
              Official
                address:

            	
              679
                Shenfu Road Factory # 5

            
	 	
              Xinzhuang
                Industry Zone

            
	 	
              Shanghai,
                China

            
	
              Mailing
                address:

            	
              679
                Shenfu Road Factory # 5

            
	 	
              Xinzhuang
                Industry Zone

            
	 	
              Shanghai,
                China

            

    

    

    Document
      type: Corporate Operation License

    Document
      Number: Independent corporation Hu Series 038833 (Min branch)

    Zip
      Code:
      201108 Tel: 54831028

    

    Principal
      (hereinafter, known as “Party B”):

    Shanghai
      Phoenix Technology Entrepreneurial Investment Inc, Ltd.

    

    Legal
      representative (Corporate representative): Zhang Ya-ming

    

    
      	
              Official
                address:

            	
              Suite
                A Floor 16th

            
	 	
              760
                Dongchangzhi Road

            
	
              Mailing
                address:

            	
              Suite
                A Floor 16th

            
	 	
              760
                Dongchangzhi Road

            

    

    

    

    Lender
      (hereinafter, known as “Party C”)

    Bank
      of Communication Limited Shanghai Yangpu Branch

    

    Corporate
      representative: Wu Fu-sheng

    Mailing
      address: 1317 Changyang Road

    

    Party
      B
      and Party C have signed a General Credit Agreement, agreement number
31010020061B00000100.Now
      per
      Party A’s request, Party B agrees to Party C’s issuing a loan to Party A. This
      agreement is entered into by all three parties to define each party’s right and
      obligation. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    
      	1.  	
              Content
                of loan

            

    

    

    1.1
      Loan
      amount: Five million RMB

    1.2
      Purpose of the loan: support business operations

    

    1.3
      Term
      of the loan: From April 21, 2006 to October 24, 2006

    

    
      	2.  	
              Interest
                rate and the calculation of
                interest

            

    

    

    
      	2.1  	
              Interest
                rate: 6% annual interest rate. Monthly interest rate = annual interest
                rate/12, daily interest rate=monthly interest rate/30. In accordance
                with
                all related regulation and the interest rate policy set by the People’s
                Bank of China, Party A and Party B should finalize the interest rate
                through negotiations. Party B should be notified in writing about
                the
                finalized interest rate three business days prior to the finalizing.
                Once
                Party C receives a Consignment Credit Interest Rate Adjustment Notice,
                Party C should adjust to the new interest rate according to the timing
                set
                forth in the notice.

            

    

    

    
      	2.2  	
              Calculation
                formula for load interest: interest of the load = the interest rate
                agreed
                in this agreement x borrowed amount x number of days. The number
                of days
                will start counting from the date the loan is released on the due
                date.

            

    

    

    
      	2.3  	
              This
                agreement will calculate the interest using the first
                option listed below. When the loan is mature, the principal and interest
                should be all paid off. The final date of the interest rate calculations
                is the date when all interest should be paid off.
                

            

    

    

    1
      -
      Monthly payment: Party B should pay Party C the interest on the 20th
      of each
      month.

    

    2
      -
      Quarterly payment: Party B should pay Party C the interest on the 20th
      of the
      last month of each quarter.

    

    
      	3.  	
              The
                release of the loan and payment

            

    

    

    
      	3.1  	
              To
                receive the loan, Party A must start all the related application
                three
                bank business days prior. Party A must match the following loan release
                plan:

            

    

    

    Date
      of
      loan release: April 25, 2006

    Amount
      of
      the loan: Five million RMB

    

    
      	3.2  	
              Party
                C has the right to refuse the release of the loan if the following
                conditions are not fulfilled.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	1)  	
              The
                remaining balance of the trust deposit account that Party B opened
                in
                Party C’s bank cannot be less than the loan
                amount.

            

    

    

    
      	2)  	
              Party
                C must receive an Authorization of Loan Release from Party
                B.

            

    

    
      	3)  	
              The
                contract of guarantee affixed in this agreement (if applicable) must
                have
                come into force and still valid.

            

    

    

    
      	3.3  	
              The
                actual released amount of the loan and the date of loan release must
                follow the Lending Credence.

            

    

    

    
      	3.4  	
              Party
                A should pay back the loan according to the timing set in term 1.3
                and the
                plan below. If the maturity date listed in the Lending Credence is
                different from what is listed in this agreement, please follow the
                Lending
                Credence:

            

    

    

    Date
      of
      maturity: October 24, 2006

    Amount
      of
      Payment: Five million RMB

    

    
      	3.5  	
              Party
                A should pay Party B the interest through Party C. Party A should
                authorize Party C to withdraw corresponding amounts as interest payments
                from Party A’s account maintained at Party
                C.

            

    

    

    
      	3.6  	
              With
                the written approval of Party B, Party A may pay off certain portions
                or
                the entire loan amount ahead of schedule. Party C should start the
                advanced loan payment procedure based on Party B’s Notice for Advanced
                Loan Payment. 

            

    

     

    
      	4.  	
              Transaction
                fee 

            

    

    

    
      	4.1  	
              As
                set forth by this agreement, Party B should pay the Party B transaction
                fee for the consignment loan. Party C is authorized to deduct the
                transaction fee directly from Party A’s interest payment made to Party B,
                or it can be withdrawn from Party B’s trust deposit account opened in
                Party B’s bank

            

    

    

    
      	4.2  	
              The
                transaction fee will be paid using the first
                option
                listed below:

            

    

    

    1
      -
      Periodic payment: The payment cycle is the same as term 2.3 used for loan
      interest rate cycle. Each transaction fee should be paid on the date when the
      interest is paid. 

    

    The
      monthly rate of the transaction fee is 0.3%.
      The
      daily
      rate = Monthly rate/30. Daily transaction fee = the remaining loan balance
      on
      that date x daily rate. The total transaction fee of each period is the sum
      of
      each daily transaction fee during that given period.

    

    The
      last
      transaction fee payment of any loan agreed upon in this agreement should be
      paid
      by the loan maturity date. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2
      - One
      time payment: If the loan is divided into different payment releases, the
      transaction fee should be paid each time the loan is released. The transaction
      fee payment date is set using the N/A
      option
      listed below:

    

    1)
      The
      date when the loan is released.

    

    2)
      The
      date ____N/A_____
      agreed by Party B and Party C. The date agreed should not be later than the
      loan
      maturity date under all circumstances. 

    

    Monthly
      rate for the transaction fee is ___%. The daily rate = monthly rate/30.
      Transaction fee = released loan amount x rate of transaction fee agreed upon
      in
      this agreement x days of loan agreed in this transaction 

    

    ▲▲4.3
      If
      the loan payment is overdue, Party C will not stop charging the transaction
      fee
      set forth in this agreement until Party B pays off the principal and interest.
      

    

    When
      the
      loan is paid off earlier, the outstanding transaction fee should be calculated
      and paid off as well. As to the loan that is paid off ahead of schedule, Party
      C
      will not reimburse the paid transaction fee.

    

    
      	5.  	
              Loan
                extension

            

    

    

    If
      an
      extension is needed, Party A should inform Party C by sending a Consignment
      Loan
      Extension Request fifteen days before the maturity date together with written
      approval from Party B. Party C should start the consignment loan extension
      procedure according to the Consignment Loan Extension Request approved by Party
      B. Party B is responsible for its loss due to the loan extension.

    

    ▲▲
      6. Party A’s statement and guarantee

    

    
      	6.1  	
              Party
                A is an independent legal entity. Party A has all necessary eligibility.
                Party A is able to, in its name, fulfill the obligations set forth
                in this
                agreement and be responsible for its own civil
                liability.

            

    

    

    
      	6.2  	
              It
                is Party A’s true intent to sign and execute this agreement. Party A
                confirms all consents, approval and authorization without any legal
                ambiguity. 

            

    

    

    
      	6.3  	
              All
                documentation, reports, materials and information are all true, complete,
                accurate and valid. Party A has not withheld from Party B or Party
                C any
                information that might impact such party’s financial health or solvency.
                

            

    

    

    
      	7.  	
              Party
                A’s obligation

            

    

    

    7.1
      Party
      A should pay back the loan principal and interest according to the schedule
      and
      amount set forth in this agreement. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    7.2
      Party
      A should not use this loan an inappropriate purpose.

    

    ▲▲
7.3
      Party A is responsible for all expenses related this agreement, including,
      but
      not limited to, notarization fees, appraisal fees, evaluation fees and
      registration fees. 

    

    ▲▲
7.4
      Party A should follow all regulations and general rules set by Party B and
      the
      industry, including, without limitation, the following: Party B and Party C’s
      inquiry about the use of the loan, and the supervision and audit of Party A’s
      operations. Party A should submit all financial reports and all other materials
      and information as requested by Party B and Party C, and guarantee the
      authenticity of such other materials and information. 

    

    ▲▲
7.5
      If
      any of the following occurs, Party A should inform Party B and Party C in
      writing at least 30 days prior to such occurrence. In any event, Party A can
      not
      take any action unless the principal and interest are paid off, or Party B
      approves Party A’s payment proposal and guarantee:

    

    
      	1)  	
              Any
                selling, giving away, leasing, transferring, collateralizing,
                hypothecation or other way of managing its important asset, partial
                assets
                or all assets.

            

    

     

    
      	2)  	
              Changes
                or possible changes to the operating system or ownership, including,
                but
                not limited to, implementation of contracting, leasing, pooling,
                restructuring of corporate operation, restructuring of joint-stock
                cooperation, the sale of the corporation, merger (acquisition), joint
                venture, corporate separation, setting up subsidiary, transfer of
                ownership, capital reduction, etc.

            

    

    

    ▲▲
7.6
      If
      any of the following occurs or is likely to occur, Party A should inform Party
      B
      and Party C in writing at least 7 days before the date of occurrence or likely
      occurrence: 

    

    
      	1)  	
              Changes
                related to business registration, such as revision of corporate statute,
                change of company name and legal representative (corporate
                representative), location, mailing address or change of business
                scope, as
                well as decisions that would impact finance and human resource.
                

            

    

    

    
      	2)  	
              Voluntary
                bankruptcy by Party A or its guarantor, or involuntary bankruptcy
                of Party
                A by its creditors. 

            

    

    

    
      	3)  	
              Being
                involved in a big lawsuit or arbitration case, or having its main
                assets
                attached or subject to other similar
                measures.

            

    

    

    
      	4)  	
              Being
                a guarantor for a third party, resulting in negatively impacting
                its
                financial condition or the ability to fulfill its obligations.
                

            

    

    

    
      	5)  	
              Signing
                a contract that will materially affect its operations and financial
                situation.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	6)  	
              Party
                A or its guarantor stops its operations, shuts down or dissolves
                its
                business, or is forced to close down its business, or has its business
                license suspended.

            

    

    

    
      	7)  	
              Party
                A, its legal representative (corporate representative), or its primary
                management personnel is involved in illegal activities.
                

            

    

    

    
      	8)  	
              Any
                event leading to the deterioration of Party A’s financial health or that
                has a negative impact on Party A’s operations, finances or
                solvency.

            

    

    

    ▲▲
7.7
      If
      there are any changes related to the consignment set forth in this agreement
      and
      will do harm to the creditor, at the request of Party B and Party C, Party
      A
      should change to another consignment that is approved by Party B.

    

    The
      “changes” mentioned in this agreement include, but are not limited to, an event
      where the trustee stops operations, shuts down business, dissolves its business,
      closes down business due to a forced structure reorganization, or its license
      is
      being suspended; there are big changes in trustee’s business operations and
      financial situation; the trustee is involved in a big lawsuit or arbitration
      case; the value of the consignment asset is reduced or is possibly being
      reduced, or the asset is being lifted or under the imposition of another forced
      measure; the trustee is involved in illegal activities; the trustee has a
      dispute with Party A; the trustee requests cancellation of the consignment
      agreement; the consignment agreement does not come into force, or is invalid
      or
      is void; the consignment asset is illegitimate or is invalid; or something
      has
      happened that will affect Party B’s claim. 

    

    8.
      Other terms

     

    
      
        

      

    

    
      

    

     

    ▲▲
      9.
      The advancement of loan maturity

     

    If
      any of
      the following occurs, Party B or Party C has the right to stop the release
      of
      the remaining loan, and unilaterally announce the advancement of the maturity
      of
      the entire principal or partial principal, and Party A will be required to
      pay
      off all the outstanding principal and interest payments. When Party B is
      exerting its right, Party B should ask Party C to handle all requests. Party
      C
      will take corresponding measurement according to Party B’s written
      notice:

     

    
      	1)  	
              Any
                of Party A’s statements and guarantees made in Section 6 are
                untrue.

            

    

    
      	2)  	
              Party
                A breaches this agreement.

            

    

    
      	3)  	
              One
                of the events listed in Section 7.6 actually occurs, which Party
                B
                believes affects the safety of its claim.

            

    

    

    10.
      Breach of contract

    

    10.1
      If
      Party A does not make the principal payment or interest payment in full and
      on
      time, or does not use the loan for the purpose set forth in this agreement,
      Party C will charge the overdue interest payment or charge penalty interest
      for
      impropriate usage of the loan. The penalty interest rate for overdue payment
      is
      a 40% increase of the interest rate set forth in this agreement. The penalty
      interest rate for impropriate use of the loan is an 80% increase of the interest
      rate set forth in this agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    10.2
      If
      Party A does not make the principal payment or interest payment in full and
      on
      time, Party A is liable to pay for all expenses that Party B and Party C incur
      in realizing their claims. This includes, but is not limited to, dunning, legal
      fees, insurance, announcement costs, execution costs, attorneys’ fees, travel
      expenses and other related expenses. 

    

    10.3
      If
      Party A tries to avoid Party B’s supervision, is in default on the principal and
      interest payments or deliberately evades payment, Party B and Party C can report
      such an event to relevant government departments and news media.

    

    11.
      Dispute resolution

     

    Disputes
      arising under this agreement will be settled using the first
      option
      listed below. During the dispute, each party still needs to fulfill the terms
      that are not in dispute.

     

    
      	1) 
                	
              File
                a lawsuit in the local court where Party C is.

            

    

    
      	2) 
                	
              Bring
                the dispute to _________ arbitration commission to apply for arbitration.
                The arbitration commission will conduct the arbitrament according
                to its
                current regulations. The arbitrament decision of the commission is
                final,
                and applies to each party. 

            

    

    

    12.
      Other terms

    

    12.1
      The
      Lending Credence
      and all
      related documents and information verified by the three parties are integral
      components of this agreement.

    

    12.2
      This
      agreement will come into force upon each party’s signature. The following
      constitute a signature to this agreement: if the party is an individual business
      owner, the signature will be the signature of the business owner (and a stamp
      should be added if the individual business owner has one); if the party is
      a
      corporation or other organization, then its legal representative (corporate
      representative) or authorized representative should sign the agreement with
      a
      stamp.

    

    12.3
      This
      agreement has four official copies. The threes parties and the trustee each
      keep
      one copy. 

    

    Party
      A
      and Party B have read through the above terms. Per Party A and Party B’s
      request, Party C has provided all explanations accordingly. Party A and Party
      C
      agree to each term.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Party
      A
      (stamp)

    

    Legal
      Representative (corporate representative) or authorized representative
      (signature or stamp)

    

    Date:
      04/25/2006

    

    Party
      B
      (stamp)

    

    Legal
      Representative (corporate representative) or authorized representative
      (signature or stamp)

    

    Date:
      04/25/2006

     

    Party
      C
      (stamp)

    

    Legal
      Representative (corporate representative) or authorized representative
      (signature or stamp)

    

    Date:
      04/25/2006Exhibit
      10.2

    

    LOAN
      EXTENSION AGREEMENT

    (English
      Translation)

    

    This
      is
      an agreement between the following parties:

    

    Party
      A:
      Feng-ying Chang

    

    Party
      B:
      Perfectenergy (Shanghai), Ltd.

    

    The
      parties hereto enter into this agreement voluntarily, after friendly
      negotiations, to enable Party B to borrow money from Party A, as
      follows:

    

    	1.   
             	
            To
              address Party B’s cash flow issue, Party A loaned Party B Two Million RMB
              on February 18, 2006, to be repaid on February 17, 2007. Per the business
              needs of Party B and mutual negotiations, the parties hereto agree
              to
              extend the repayment date to June 17, 2007.

          

    

    	2.   
             	
            The
              parties hereto agree that interest is five percent per
              annum.

          

    

    	3.  
              	
            Payment
              of interest: Party B will pay interest to Party A on a monthly basis
              pursuant to the above term.

          

    

    	4.   
             	
            The
              parties hereto agree to resolve any disputes amicably.
              

          

    

    	5.   
             	
            This
              agreement will be in two originals, with each party holding one. This
              agreement will be effective upon the parties’ signatures and
              stamps.

          

    

    
      	
              Party
                A: Feng-ying Chang

            	
              Party
                B: Perfectenergy (Shanghai), Ltd.

            
	 	 
	
              Signature:

            	
              Signature:

            
	 	 
	
              Stamp:

            	
              Stamp:

            
	 	 
	
              Date:
                2-18-2007

            	
              Date:
                2-18-2007

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