Document:

EXHIBIT 10.38

 Exhibit 10.38 
 LOAN CONTRACT 
 AGRICULTURAL BANK OF CHINA

 Contract Number: 35101200900010061 
  Borrower: (Full Name): Fujian Province Baisha Fire Control Industrial Trading Co., Ltd 

Lender: (Full Name): Agricultural Bank of China Nan An City Branch. 
 This Contract is made in line with the National law, after reaching agreement through negotiations, hereby enter into this contract. 

Article one 

Loan 
  

	1.	Loan Category: Short term loan for liquidity 

  

	2.	Purpose of Loan: Purchase raw materials 

  

	3.	Amount and currency of Loan: (Capitalized): RMB FIVE MILLION ONLY (¥5,000,000.00) 

 

	4.	Life of loan: 

 (1) Refer to below diagram for
life of loan 
  

																			
	 Loan releasing
	 	  	 Mature
	 
	 Year
	  	 Month
	  	 Day
	  	Amount	 	  	 Year
	  	 Month
	  	 Day
	  	Amount	 
	 2009
	  	DEC	  	07	  	¥	5,000,000.00	  	  	2010	  	DEC	  	06	  	¥	5,000,000.00	  

 (Annex with more information is
regarded as part of this contract.) 
 (2) Should there be any inconsistency in the amount of loan, advance and payment due date between this
contract and loan voucher, the loan voucher shall prevail. A certificate of indebtedness or a loan voucher is an integral part of this Contract, bearing the equal legal effect with this contract. 

 (3) Should the loan currency under this contract be foreign currency, the borrower is obliged to return the
loan and interest in the very original currency. 
  

	5.	Interest rate of loan 

 The interest rate of loan
in RMB shall follow the item (1) listed below. 
 (1) Floating interest rate 
 The interest rate of the loan shall float 10% based on the benchmark rate up (up/down), annual interest at 5.841%. The benchmark rate for loans with a life less than 5 years (the fifth year is included)
is equal to the RMB benchmark lending rate of People’s Bank of China over the same period; the benchmark rate for loans with a life more than 5 years is             
(capitalized) % above the RMB benchmark lending rate of People’s Bank of China. 
 The adjustment period shall be every THREE (capitalized)
month(s). In case of change of interest by the People’s Bank of China, the new interest rate shall prevail from the first day of the next corresponding period, without further notice to the borrower. In case that the adjustments date of the
benchmark rate is the same with the releasing date of the loan, the new benchmark rate shall go into effect from the adjustment date. The last day of the month shall be taken as the corresponding date if there is no date assigned. 

(2) Fixed interest rate 
 The interest rate of
the loan shall float___% based on the benchmark rate ___ (up/down), the annual rate of ___% shall be complied until the end of the life of the loan. The benchmark rate for loans with a life less than five years (the fifth year is included) is equal
to the RMB benchmark lending rate of People’s Bank of China over the same period; the benchmark rate for loans with a life more than 5 years is ____ (capitalized) % above the RMB benchmark lending rate of People’s Bank of China.

 The interest rate for foreign currency loan shall follow the ______ listed below: 
 1) the loan interest is composed of :___ (Capitalized) month(s) ___ (LIBOR/HIBOR)+____% interest margin, ______ (Capitalized) month(s) floating. LIBOR/HIBOR - interest rate announced by Reuters, two
working days before the value date, at which banks may borrow and lend to one another in corresponding London/Hong Kong market. 
 2) Annual
interest rate____%, until end of the loan 
 3) Other __________________________ 

 

	6.	Interest settlements 

 Interest of loan under
this contract shall be settled month (month/day), the settle date should be the twentieth day of every month (month/season). The borrower shall pay the interest on the day of settlement. If the last settlement day is later than the repay date of the
loan, the unpaid interest shall be paid together with the loan. (daily interest rate=monthly interest rate/30) 
  Article
Two 
  Without below conditions fulfilled, the lender is entitled not to pay the loan under this contract: 

 

	1	the borrower opens basic account in the lender 

  

	2	the borrower shall provide corresponding document, records and other related data according to the lender’s requirements 

  
 2 

	3	in case of foreign currency loan under this contract, the borrower should get corresponding approval, registration and other legal documents. 

 

	4	Loan under this contract is with mortgage or pledge security, the related legal documents shall be fully prepared, and the mortgage and pledge security are valid and
continuous. For the warranty under this contract, the warranty contract shall be signed and valid. 

 Article
Three 
 Rights and Obligations of the lender 

 

	1.	The lender shall be entitled to know about the production, operation and finance, storage and loan detail, and ask the borrower for financial report and other
documents, material and information 

  

	2.	The lender is entitled to withhold the loan or call in ahead if the borrower violates the items listed but not limited in Item 7, 8, 10 in Article Four, which is
threatening the loan security. 

  

	3.	The lender is entitled to charge in the borrower’s account for the loan and interest, penalty interest, compound interest and other accrued expenses stated in this
contract. 

  

	4.	The lender is entitled to decide the money paid back should be for the loan, interest, penalty interest, compound interest or other accrued expenses if the amount paid
by the borrower is not sufficient to the due amount. 

  

	5.	The lender is entitled to public the borrower’s violation if the borrower fails to fulfill the repayment obligations. 

 

	6.	The lender is entitled to release loan to the borrower according to the items in this contract. 

Article Four 
 Rights and Obligations of the borrower 
  

	1.	The borrower is entitled to obtain and use the loan according to this contract. 

 

	2.	The borrower is entitled to settlements and deposits according to the account settlement agreement in Article Two and other related items under this contract.

  

	3.	The borrower shall ensure the related documents complete including approval, registration and other legal documents, for foreign currency loan under this contract,

  

	4.	The borrower shall repay the loan and interest on schedule. In terms of extensions, the borrower shall apply to the lender in written form 15 days before the due date,
and sign the extension agreement with the lender’s approval. 

  

	5.	The borrower shall use the loan as is prescribed in this contract, misappropriation or diversion shall not be allowed. 

 

	6.	The borrower shall provide complete, true and effective financial report and other related data, information to the lender, and cooperate with the lender to investigate
on the production, operation, finance and other activities that the loan is used. 

  

	7.	 Should any change to the borrower, including implementation of contracting, leasing, joint-stock reform, joint venture, merger, consolidation,
division, joint ventures, transfer of assets to apply for suspension of business for rectification, application for dissolution, 

  
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bankruptcy and other cases that may cause changes in liabilities under this contract or that may affect the lender’s claim of the loan, the borrower shall inform the lender in written form
ahead and get the lender’s approval, and confirm the liability to the debt or clear the loan ahead of schedule, otherwise the borrower shall not execute any change mentioned above. 

 

	8.	The borrower shall inform the lender in written form immediately, in addition to the above listed changes, also when there is any other circumstances that may have
significant adverse impact on the repay obligations under this contract, for example, business outage, cancellation of registration, revocation of business license, illegal activities of the legal representative or main responsible person, serious
difficulties in production and management, deteriorating financial situation. 

  

	9.	The borrower shall inform the lender in written form ahead and get the lender’s approval when the borrower is willing to guarantee the debts of others, mortgage,
pledge to a third party as the main property, which may affect the borrower’s capacity under this contract 

  

	10.	The borrower and related investor must not conduct capital flight, asset transfer or unauthorized transfer of shares in purpose in order to avoid the debt to the
lender. 

  

	11.	The borrower shall notify the lender in written form in time should any changes occur in name, legal representative, address, business scope. 

 

	12.	The borrower shall provide additional security measures that recognized by the lender when the guarantor under this contract is partially or fully incapable for the
security capabilities, including business outage, cancellation of registration, revocation of business licenses, bankruptcies, and operating loss and other situations. 

 

	13.	The borrower shall bear the cost on related expenses under this contract including legal services, insurance, transportation, evaluation, registration, storage,
appraisal, notary 

 Article Five 
 Advance payment 
 Advance payment of the borrower shall get the lender’s approval;
with the lender’s approval, the interest of the advanced part is charged following item 2 
  

	1.	The agreed loan life period and agreed interest rate 

  

	2.	Float up ZERO (capitalized) % on the agreed interest under this contract. 

 Article Six 
 Liabilities for breach of contract 

 

	1.	Should the lender fail to release the loan on schedule in due amount, and results in losses to the borrower, penalty shall be paid by the lender to the borrower
according to the failure amount and delayed time (day), the penalty calculation is same as overdue loans interest rate. 

  

	2.	Should the lender fail to repay the loan on schedule, the lender is entitled penalty interest from the past due date, which rate shall float up FIFTY (capitalized) % on
the agreed loan interest under this contract, until the loan is fully repaid. During the overdue period, for RMB currency loan, the penalty interest shall escalate due to the escalation of RMB benchmark lending interest rates by People’s Bank
of China. 

  
 4 

  

	3.	Should the borrower not use the loan as prescribed under this contract, the lender is entitled to fine penalty interest from the violation date, which shall float up
ONE HUNDRED (capitalized) % on the agreed loan interest under this contract, until the loan and interest are repaid. During this period, for RMB currency loan, the penalty interest shall escalate due to the escalation of RMB benchmark lending
interest rates by People’s Bank of China. 

  

	4.	Should any due interest not repaid, the lender is entitled to execute compound interest. Due interest not repaid includes the penalty interest within the life of loan
and the penalty interest after the overdue of the loan. For due interest not repaid within the life of loan, the compound interest shall be calculated based on the loan interest under the contract, for due interest not repaid after the overdue date
of the loan, the compound interest shall be calculated based on the overdue loan interest; for due interest not repaid of the overdue loan, the compound interest shall be calculated based on the overdue loan interest. 

 

	5.	Should the borrower violates the obligations prescribed under this contract, the lender is entitled to require rectification from the borrower within prescribed time
limit, to withhold the loan, to call in the released loan, and to declare the immediate due of other loan contracts between the lender and borrower and take corresponding measures to secure the asset. 

 

	6.	Should any of the guarantor under this contract violate the obligations declared in the guarantee contract, the lender is entitled to withhold the loan to the borrower,
call in the released loan or take corresponding measures to secure the asset. 

  

	7.	Should the lender achieve the debt via litigation or arbitration due to the borrower’s violation, the borrower shall bear the corresponding legal fees, travel
expenses and other expenses related. 

 Article Seven 

Guarantee of loan 
 The
guaranty type for the loan under this contract is: guarantee, the effectiveness of guarantee contract should be independent of this contract. On the Maximum Mortgage, the guarantee contract number is: 35906200900029035, 35905200900094405 

Article Eight 
 Dispute Settlement 
 Should any disputes happen in the process of performing the contract,
all parties shall resolve them through consultations, the disputes shall be subject to the following 1 items for resolution. 
  

	1.	Lawsuit: submit to the People’s Court of the location of the lender 

  

	2.	Arbitration: submit to_____________ (Full name of the arbitration committee) following its arbitration principles. 

  
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 During the period of legislation or arbitration, the agreed items under this contract shall still be
executed and performed. 
 Article Nine 
 Other Matter 
  
  

 

_________________________________________________________________________________________________ 
 _________________________________________________________________________________________________ 

_________________________________________________________________________________________________ 

 
 Article Ten 

Taking Effect and termination of Contract 
 The contract shall go into effect after signed or sealed by Party A and Party B. 

Article Eleven 
 Copy of the contract 
 The contract bears THREE copies, each of the Borrower, the Lender
shall hold ONE copy and be equally authentic. 
 Article Twelve 

Tip 
 The lender has
specially asked for the attention of the borrower for the complete and accurate understanding of all the items listed in this item, and made explanation to the required clauses. Both parties bear the same understanding to the contract. 

 

			
	 Lender (Seal) 
	  	Borrower (Seal) /s/ Daqi Zhuang
	 legal representative or accredited representative
	  	Responsible or authorized representative
	Date: ___ Year___Month___Day	  	
	 Location: Nan An Bank of Agricultural
	  	

  
 6 

 Supplementary Provisions 
 Party A (Lender): 
 Party B(Borrower): 
 Party C(Guarantor) 
 According to China Banking Regulatory Commission (CBRC) “Strictly
prohibit any enterprise and personal funds into the stock market, directly or indirectly” after reaching agreement through negotiations, hereby enter into these supplementary provisions: 
 1. This supplementary provisions shall be taken as supplementary of the loan contract number 35101200900010061 and the contract of guarantee number 359062009000290355 

2. Party B shall be in accordance with the purpose of loan listed in the loan contract, must not divert the Credit Funds from Banks into the stock
market, directly or indirectly. 
 3. Should Party B divert the loaded fund under the contract of loan into the stock market, directly or
indirectly, Party B shall be held for violation responsibility agreed in the contract of loan, Party A shall be entitled to call in the loan under the contract of loan, overcharge penalty interest to the diverted Credit Funds from Banks, and
withhold any new loans to Party B. 
 4. Party C is willing to bear the liability for guaranteeing, when Party A call in the loan and overcharge
penalty interest according to this contract. 
  

																	
	 Party A (Lender)
	  	 Party B (Borrower)
	  	 Party C (Guarantor)

	 Year
	 	 Month
	 	 Day
	  	 Year
	  	 Month
	  	 Day
	  	 Year
	  	 Month
	  	 Day

  
 7EXHIBIT 10.39

 Exhibit 10.39 
 Loan Contract 
 HUA XIA BANK CO., Limited. 

NO. Contract Number: F2111011090182 

Borrower: Fujian Province Baisha Fire Control Industrial Trading Co., Ltd 
  Address: Meilin Baisha Industry Area, Nan’an City, Fujian 
  

					
	ZIP:	 	362300	  	Legal Reprehensive: Zhuang Daqi
	Phone:	 	0595-86288675	  	Fax: 0595-86278820
	Bank:	 	Nan’an Rural Cooperative Bank	  	Account No.: 9070712010010000001887
		 	Meilin Branch	  	

 Lender: Hua Xia Bank Co., Ltd. Fuzhou Branch 
 Address: NO. 92, East Road, Fuzhou 
 ZIP: 350001 

Legal Representive /Responsible Person: Lin Daosheng 

					
	Phone:	 	0591-87666608	  	Fax: 0591-87626387

 This Contract is made in line with the
National law, after reaching agreement through negotiations, hereby enter into this contract. 

 Article one 
 Loan Category 
 1. Loan under this contract:
þ  short-term loans      ̈  medium-term loans    
 ̈  long-term loans 
 Article two 

Loan Amount and Currency 
 2.1
The loan currency of this contract þ  RMB     ̈  USD          ̈  Others                  
 2.2 The loan amount (Capital) ¥5,000,000.00 
 Article Three

 Loan Purpose 

3.1 Loans under this contract shall only be used in liquidity turnover , without the written consent of the lender; the borrower shall not change the use
of the loans. 
 Article Four 
 Life of Loan 
 4.1 This contact life is one (day/month/year  ü), from 2009 (yy) 9 (mm) 28 (dd) to 2010 (yy) 9 (mm) 28 (dd). 
 4.2 The borrower chooses one way
below to extract the loan under this contract: 
 þ 2009 (yy) 9 (mm) 28 (dd) One-time withdrawal

  ̈  Phased withdrawal following the time, the amount below: 

 

									
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  
				
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  
				
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  
				
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  
				
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  

4.3 The borrower chooses one way below to repay the loan principal under this contract: 
 þ 2010 (yy) 9 (mm) 28 (dd) One-time repayment 
  ̈  Phased repayment following the order ,time, the amount below: 
  

									
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  
				
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  
				
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  
				
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  
				
	 _____
	  	 	(yy	) 	 	            (mm)	  	            (dd), Amount(Capital)
                                         
                                         
                                  

4.4 The actual withdraw date and the last loan maturity date are inconsistent with the above, the time of loan notes recorded is the final time. The rest
of phased repayment due date is in accordance with the contract. 
 Article Five 

Loan Interest Rate 
 5.1 The loan
interest rate follows the provision below: 
 þ   The loan interest rate under this
contract is 6.372%. After the signing but before the actual payment, if the People’s Bank of China adjusts the benchmark interest rate on the loans, implements the floating percentage written in term 5.4 following the adjusted benchmark
interest rate. 

  
 2 

  ̈  The two parties decide the interest rate is
        % (APR) from the withdrawal date until the date of the first interest settlement rate every month(s) s based on the benchmark lending rate of foreign exchange released by the
borrower. 
  ̈           month(s)’
         (LIBOR/HIBOR)+         % Interest rate differential = Floating interest rate, adjust the interest rate every
         month(s) .( LIBOR interest rate is interbank offered rate about time limit and currency above published by the lender’s headquarters in the morning two banking days before the lending or
interest rate adjustment. It is issued by BBA (the British Bankers Association) and supplied by the financial telecommunications like Reuters; HIBOR interest rate is Interbank offered rate about time limit and currency above published by the
lender’s headquarters in the morning two banking days before the lending or interest rate adjustment. It is issued by HKAB (Hong Kong Association of Banks) and supplied by the financial telecommunications like Reuters.) 

5.2 The loan interest settlement under this contract chooses one of the following ways: 
 þ   Interest settlement monthly, Interest Payment Date is the 20th of each month, the last interest payment date is the contract expiration date.

  ̈  Interest settlement quarterly, Interest Payment Date is the 20th of the last
month of each quarter, the last interest payment date is the contract expiration date. 

 ̈  Interest paid with a maturity date of principal 

 ̈                 
                                         
                                         
                                         
                                         
                              . 
 5.3 After the loans, if the People’s Bank adjusts the benchmark lending rate over the same period, the following manner: 
  ̈   Interest rate under this contract unchanged 
 þ  Interest settlement monthly, adjust interest rate under this contract monthly. The interest rate adjusted begins to apply from the day after
the first interest payment date. 
  ̈  Interest settlement quarterly, adjust interest
rate under this contract monthly. The interest rate adjusted begins to apply from the day after the first interest payment date. 
  ̈  Interest rate under this contract changed yearly 

 ̈                 
                                         
                                         
                                         
                                         
                              . 
 5.4 By 5.1 and 5.3, the interest rate floats 20% / falls         % according to the benchmark interest rate of the same period after being adjusted by the
People’s Bank. 
 5.5 Contract loan interest rate is changed, the penalty interest rate under the contract automatically changes
accordingly and the contract loan interest rates begin to apply the same time and be sub-computated. 
 5.6 The lender needn’t to obtain
consent of the borrower while adjusted by the terms above. 
 Article Six 

Withdrawals Conditions 
 6.1 The
borrower withdrawals must meet the following prerequisites: 
 6.1.1 The borrower has completed the administrative permission, approval,
registration and other statutory procedures under this contract loans in accordance with relevant laws, regulations and rules. 
 6.1.2 The
borrower has submitted the relevant documents complied with the requirements. 
 6.1.3 The procedures related guarantee under this contract has
been completed and enters into force / mortgage set up / pledge established. 

  
 3 

 6.1.4 The borrower did not breach any agreement under this contract. 

6.1.5 Until withdraws, the borrower’s statement and guarantee in this contract are still true, accurate and effective. 

6.1.6 Until withdraws, the borrower’s operating conditions and financial condition are basically the same with when it signed the contract, without
any material adverse change. 
 6.2 The borrower shall meet the above conditions, then withdraw the loan under this contract and sign
certificate loan with the lender. Certificate loan, as part of the contract, has the same effectiveness. 
 6.3 The borrower not meeting the
conditions of the loan withdrawal does not constitute the lender’s performance flaws. 
 Article Seven 

Loan Repayment 
 7.1 The
borrower’s source of repayment, including but not limited to main business income, the borrower promises won’t refuse to perform the agreed repayment obligations by quoting the agreement above under this contract in any case. 

7.2 The borrower shall deposit fully the reimbursement (interest, principal) into the lender’s account before the working hours end of the repayment
date (interest payment date, principal payment date) (Beijing Time) . The lender is entitled to transfer money from the borrower’s bank account directly. In case of legal holidays, the date extends to the first working day after the holiday
end. 
 7.3 The lender shall be entitled to transfer and charge money from the lender’s accounts opened in all business organizations of
Hua Xia Bank Co, Limited in China for the unpaid repayment loan. If the currency transferred and charged is not the same under the contract, calculate the amount by the premium conversion. 
 7.4 The borrower’s Payments (including the lender’s transferred and charged money under under this contract) pay off the debts in the following order: the fee to achieve the cost of claims and
security rights, damages, liquidated damages, compound interest, default interest and penalty, interest, principal. The lender has the right to change the order. 
 7.5 If the borrower repays the loan in advance, it should notify the lender in written form and get the written consent of the lender, then do as follows: 

þ  The lender calculates and receives the interest according to the loan interest rate under
the contract and actual use days. 
  ̈  In addition to calculates and receives the
interest according to the loan interest rate under the contract and actual use days, the lender receives the compensation, calculated         % of the payment in advance, but the most amount £ the payment in advance × loan interest rate/360× days in advance. 

Article Eight 
 Loan Guarantee 
 8.1 Loans under this contract with one or more of the following security
measures: 
  ̈  Surety :
                                         
                Signed <Guarantee Contract> with the lender 
  ̈  Mortgagor:
                                        
                 Signed <Guarantee Contract> with the lender 
  ̈  Pledgeor:
                                        
                 Signed <Guarantee Contract> with the lender 
  ̈                         
                                         
                                         
                                         
                                         
                 . 

  
 4 

 8.2 If this contract is the claims belong to the maximum amount guaranteed of debt claims, take the
following one or more security: 
 þ  Surety: Zhong Qing He Cheng Co.,
Ltd. Signed <Maximum Guaranteed Contract> with the lender 

 ̈  Mortgagor:
                                        
 Signed <Maximum Guaranteed Contract> with the lender 

 ̈  Pledgeor:
                                        
 Signed <Maximum Guaranteed Contract> with the lender 

þ  Personal guarantee: Zhuang Zhuge, Zhuang Daqi and Zheng Hecheng signed the
<Personal Maximum Guaranteed Contract>. 
 Article Nine 

Rights and obligations of the Borrower 
 9.1 The borrower shall ensure that it is incorporated validly and an existing legal unit. It has the right to dispose of its property management, manage the contract-related business and sign and perform
this contract. 
 9.2 The borrower guarantees that the signing of the contract has been approved by the supervisor or the board by law and
obtains all necessary authorization. 
 9.3 The borrower promises that its signing and performance of this contract does not violate any
provisions or binding agreement of its assets; does not violate the security agreement signed with others and any other binding documents, agreements and commitments. 
 9.4 Party B undertakes to provide the necessary documentation and information required and to ensure the documentation provided, the data are true, accurate, lawful and effective 

9.5 The borrower has the right to withdraw and use the loan under the contract. 
 9.6 The loan should be used for the purpose stipulated in the contract. 
 9.7 The borrower shall
be in accordance with the requirements of the lender to help the work of investigation loan before, loan review and checking loan after. Provide the following information timely, including but not limited: 

9.7.1 Business license and annual inspection certificate, legal person code certificate, the legal representative proof of identity and the necessary
personal information, board members and the main person in charge, list of finance department, business license, the qualified tax registration certificate, copy of tax information supplied by the tax department, loan certificate (card) according to
the lender’s requirements. 
 9.7.2 All Bank, account number and deposit and loan conditions 

9.7.3 The borrower provides the documents audited according to the lender’s time requirement, including balance sheet, income statement, owner
changes in equity, sales situation, cash flow, financial statements and notes. 
 9.7.4 Production and operation plans, statistical reports,
project budget and final project accounts information. 
 9.7.5 All external guarantee situations (including any body of the lender) 

9.7.6 All related companies and related information, the related party transactions that have taken place and is about to occur accounted more than ten
percent of its net assets; the situation of internal customers of the Group guarantees each other. 
 9.7.7 The event of litigation,
arbitration, administrative penalty, the case of a dispute with others, and the management of personal situation of criminal prosecution. 

9.7.8 The use of loan under the contract. 
 9.8
Accordance with the contract to repay the loan. 
 9.9 Including but not limited: contract, leasing, trust, asset restructuring, debt
restructuring, equity restructuring, joint venture, merger (the merger), division, joint venture (cooperative), to reduce the registered capital or application business for rectification, application for dissolution (or revocation), application for
restructuring, settlement and bankruptcy. The 

  
 5 

 
borrower should notify the lender in written form 30 days in advance when the operations, its institutional and legal status will change and implement the contract debts by consent in written
form by the lender, or provide written approval of the new security by the lender. Otherwise, before repaying all the debts under this contract, the borrower shall not carry out these activities. 

9.10 Including but not limited to suspend business for rectification, closure, the dissolution (withdrawal), to apply reorganization, bankruptcy. All the
activities above which make their own institutional and legal status change should be notified within three days in written form to the lender, and to take adequate and effective preservation measures for the lender’s claims. 

9.11 The borrower should notify the lender in written form within three days and take adequate and effective preservation measures for the lender’
claims when the other situations which may endanger the operation or the safety of the lender’s claims. 
 9.12 The borrower changes its
domicile, the name, the legal representative or other significant changes in senior management, the change should be notified in writing within seven days. 
 9.13 Before the borrower paying off the loan principal and interest, without the lender’s consent, the borrower could not sell particular assets, prepay other debts, debt guarantees for third
parties. 
 9.14 Signed with any third party shall not undermine the lender in interest under this contract 

9.15 In the case of a security, the guarantor breaches any obligation or commitment under the contract or loss of guarantee capabilities, the borrower
shall provide the new guarantee immediately recognized by the lender or repay the loan under the contract in advance. 

Article Ten 

Rights and obligations of the Lender 
 10.1 The right to request the borrower to provide loans related information under this contract. 

10.2 The right to monitor and check the use of loans under the contract, get to know the borrower’s business activities, financial condition,
guarantee situations and debt disputes, etc. 
 10.3 The borrower perform its obligations under this contract and also meet the withdrawal
conditions in the premise, the lender shall grant loans to the borrower fully and timely. 
 10.4 The lender should keep secret of the
borrower’s information on debt, finance, production, management and other aspects of information, but the laws and regulations except as otherwise provided. 
 10.5 In term of this contract, when the lender changes his domicile, the change of address should be promptly issued. 
 Article Eleven 
 Liabilities for breach of contract 

11.1 After the commencement of this contract, the borrower and the lender shall perform the obligations under this contract. Either fails to perform or
do not fully perform the contract, will constitute a breach of this contract and bear the liability. 
 11.2 Because of the borrower or the
surety, the corresponding guarantee procedure is not completed. Or the borrower has not completed the withdrawal procedure timely under the contract and more than 30 days passed over the loan release time under the contract (including statutory
holidays, rest days), the lender has the right to terminate this contract and collect the loans ahead of schedule. 

  
 6 

 11.3 The borrower does not repay the loan payable due timely (with maturity in advance) under the contract.
From the date of expiration, add 50% to the contractual loan interest rate as penalty interest rate to charge the overdue interest. The interest that the borrower can’t repay on time under the contract will be calculated by compound interest
according to the loan interest rate under the contract. Should the contract to recover the loan interest rate profits; the unpaid interest of overdue loan will be calculated by compound interest according to the penalty interest rate under the
contract. 
 11.4 The loan that is not used for the purposes under the contract by the borrower, since the date of default, will be calculated
and charged by penalty interest adding 50% to the rate under the contract. 
 11.5 The loans overdue or fails to use for the purpose under the
contract, should be calculated and charged overdue interest, penalty interest and compound interest monthly. 
 11.6 The lender takes action for
the borrower’s breach of contract to be achieved resulting in claims, the borrower should bear the costs for this payment, arbitration fees, security fees, advertising fees, assessment fees, appraisal fees, auction fees, travel expenses, legal
fees and the cost of other achieving the claims. 
 11.7 If the borrower occurs any breach of the following, the lender has the right to declare
immediately all the credit due, call the principal and interest of loans disbursed, stop the loans, and take corresponding measures according to law. 
 11.7.1 The borrower fails to use the loan under the contract or to pay in full timely the loan principal, interest and other payables. 
 11.7.2 The borrower provides false or withholds the balance sheet, income statement and other credit information or concealing important facts in financial management 

11.7.3 The borrower refuses to accept the supervision and inspection about the use of the loan and the relevant information of production, management and
financial activities. 
 11.7.4 The borrower uses the loans for equity investment. 
 11.7.5 The borrower uses the loans to engage in speculative premises or other illegal business and transactions, such as securities, futures, real estate and so on. 

11.7.6 The borrower takes loans for lending to seek illegal income. 
 11.7.7 The borrower obtains a loan fraudulently. 
 11.7.8 The borrower signs the false contract
with related parties and uses the claims of notes receivable, accounts and other debts without trade to provide pledge for cash in bank funds. 

11.7.9 The borrower evades bank debts through related transactions. 
 11.7.10 The borrower has violated any contract or agreement signed as a party with others (including this contract, the borrower) or other unilateral commitments and guarantees and endangered the other
debts. 
 11.7.11 The borrower’s mode of operation, structure or legal status changes, including but not limited: contract, leasing, trust,
asset restructuring, debt restructuring, equity restructuring, joint venture, merger (the merger), division, joint venture (cooperative), to reduce the registered capital or application business for rectification, application for dissolution (or
revocation), application for restructuring, settlement and bankruptcy. And the activities didn’t obtain the written consent of the lender and repaid the debts or provided new guarantee. 
 11.7.12 Guarantee under this contract changes and Is not conducive to the lender, including but not limited: the collateral damage, loss, reduction in the value or the surety breaches any of the
obligations under the contract and the borrower doesn’t provide the new necessary guarantees. 
 11.7.13 The guarantee contract or other
guarantee ways don’t enter into force, be ineffective, be withdraw announced, or the surety lost partially or wholly guarantee ability or refused to perform guarantee duties expressly or the surety breach any obligation or commitment or the
guarantee contract signed with the third party. And the borrower hasn’t provided new guarantees. 

  
 7 

 11.7.14 The representations and guarantees made by the borrower were untrue, inaccurate or concealed
materially. 
 11.7.15 The borrower refused to fulfill the obligations of this contract expressly or by its conduct. 

11.7.16 The borrower has violated any of the contract obligations and commitments, the lender think it affects their claims realized. 

11.8 The borrower is satisfied all the conditions and has submitted withdrawal requests 7 working days, if the lender hasn’t loan, it is entitled to
charge the liquidated damages based on the interest rate of 11.3 term in this contract by the amount of liquidated damages and the actual number of days overdue. 
 Article Twelve 
 Effectiveness of the Contract 

12.1 This contract is effective from the date signed 
 Article Thirteen 
 Transfer, Change and infrastructure of the Contract

 13.1 After this contract being effective, the lender needn’t to obtain the borrower’s consent to transfer his claims to the third
party partially or wholly. 
 13.2 After the commencement of this contract, if the borrower intends to transfer the debts under this contract to
the third party, it needs to obtain the written document that the surety will continue to provide guarantee for the debts, or the borrower provides new guarantee and approved in written form by the lender. 

13.3 After the commencement of this contract, any of the parties shall not alter principally . For a change, both parties need to change the agreement in
writing. 
 13.4 If the borrower required the loan extension, two sides signed extension contract after checked and agreed by the lender. If the
lender didn’t agree the extension, the borrower fulfills the repayment obligations under the contract. 
 13.5 During the performance of
this contract, if there is one of the following cases, the lender is entitled to terminate the contract, to recover the loan principal and interest has been paid ahead of time, and to stop the payment of loans. 

13.5.1 The borrower’s operations and financial condition deteriorated and have no ability to repay debts due, or the borrower is involved in major
economic litigation or arbitration and other legal disputes, the lender’s creditor realization is affected severely. 
 13.5.2 the overall
customer credit status, operations and financial condition of the group which the borrower belonged to are suffering a serious crisis and threats the lender’s security seriously. 
 13.5.3 The borrower is out of business, dissolved, closed, business license revoked, cancelled and so on. 
 13.5.4 Other events occurred may threaten the lender’s claims realization under the contract or claims lost. 
 Article Fourteen 
 Dispute Settlement 

14.1 All the dispute between the borrower and the lender because of this contract should be resolved through consultation; consultation fails, select one
of the following way: 
 þ  Prosecute to the people’s court in the lender’s
domicile 
  ̈  Apply
                     Arbitration Committee for arbitration 

  
 8 

 Article Fifteen 

Supplementary Provisions 
 15.1
If the two parties signed a ‘Maximum Financing Contract’, No.
                                , this contract is the specific business contract
of the Maximum Financing Contract. 
 15.2 When the contract is still in force, the borrower hasn’t notified the lender in written form the
changes about legal name, legal representative, address, etc. All the documents the lender sends according to the information contained in the contract are deemed to be served. 
 15.3 The borrower is responsible for the expenses of registration, insurance, notary, appraisal, assessment, transportation and so on under this contract and the guarantee contract. The lender has the
right to deduct from the party account directly. 
 15.4 Other agreements 
 15.5 under this contract,  ̈  is the way of option, a ü in the
 ̈  to identify the terms of use, playing ×  indicates that the provision does not apply. 
 15.6 This contract the borrower holds one copy, the lender holds one copy, holds copy, all has the same legal effect. 
 15.7 The annex as part of this contract has the same legal effect. 
 15.8 The lender had taken
reasonable way to draw the borrower attention to the exclusion or limitation of the lender’s responsibility under the contract, and has given a full explanation of the relevant provisions according to the borrower’s requirement; there is
no objection to the understanding of the content between the borrower and the lender. 
  

			
	 Borrower: Fujian Province Baisha Fire Control Industrial Trading Co., Ltd
	  	        (Stamp)
		
	 Legal Representative: /s/ Zhuang Daqi
	  	(Sign)
	 (or Authorized agent)
	  	
		
	 2009 Year 9 Month 24 Day
	  	
		
	 Lender: /s/ Hua Xia Bank Co., Ltd. Fuzhou Branch
	  	    (Stamp)
		
	 Legal Representative/
	  	
	 Major Responsible Person:
	  	(Sign)
	 (or Authorized agent)
	  	

  2009 Year 9 Month 28 Day 

  
 9

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