Document:

Exhibit
      10.15

    

    Loan
      Agreement

    Agreement
      #32101200800028480

    

    The
      Borrower: Danyang Lihua Electron Co., Ltd 

    The
      Lender: Agricultural Bank of China Danyang City Branch 

    

    Pursuant
      to the relevant laws and regulations, after negotiating, the parties hereby
      agree as follows:

    Article
      1
      Facility

    1.
      Type:
      General liquid capital 

    2.
      Purpose: Purchase of Copper
      Clad Aluminum

    3.
      Currency and Amount: RMB Five Million (RMB 5,000,000)

    4.
      Maturity:

    (1)
      Refer
      to the chart below:

    
      	
              Launch

            	
              Maturity

            
	
              Year

            	
              Month

            	
              Day

            	
              Amount

            	
              Year
                

            	
              Month

            	
              Day

            	
              Amount

            
	
              2008

            	
              8
                

            	
              22

            	
              Five
                Million

            	
              2009

            	
              8

            	
              21

            	
              Five
                Million 

            

    

    (The
      appendix for more items could not shown herein shall constitute a part of this
      agreement.)

    
      	(2)	
              Any
                inconsistence with regard to the borrowing amount, launch date and
                maturity date between hereunder and the borrowing certificate, the
                borrowing certificate shall control. The borrowing certificate shall
                constitute a part of the agreement and shall have same legal
                effects.

            

    

    
      	(3)	
              If
                the facility hereunder is a foreign exchange loan, the Borrower shall
                repay the principal and the accrued interest in the original
                currency.

            

    

    
      	5.	
              Interest
                Rate

            

    

    The
      RMB
      borrowing interest rate shall be in accordance with the first method specified
      below:

    
      	(1)	
              Floating
                Rate

            

    

    The
      borrowing interest rate is the benchmark interest rate to upwardly float thirty
      percent (30%), exercised yearly interest rate is nine point seven hundred eleven
      percent (9.711%). For the borrowing term is five and less than five years,
      the
      benchmark interest rate is the RMB borrowing benchmark interest rate on the
      same
      term announced by the People’s Bank of China (hereinafter the “PBC”); the
      benchmark interest rate for the borrowing term is five or more than five year
      is
      the RMB borrowing benchmark interest rate on the same term announced by the
      PBC.

    The
      adjustment period for the interest rate is one month. If the PBC adjusts RMB
      borrowing benchmark interest rate, starting form the matching borrowing date
      in
      the first month of the next adjustment period, the Lender will adjust the
      borrowing interest rate accordingly and re-calculate a new exercised interest
      rate, and shall not need to notify the Borrower the adjustment. If the
      adjustment date for benchmark interest rate and the launch date or the matching
      borrowing date in the first month are the same day, starting from the adjustment
      date of the benchmark interest rate to re-calculate the exercised interest
      rate;
      in the case no matching borrowing date, the last day of the aforesaid month
      is
      deemed to be the matching borrowing date.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	(2)	
              Fixed
                Rate (N/A)

            

    

    The
      borrowing interest rate is the benchmark interest rate to (upwardly/ downwardly)
      float _______percent
      (%), exercised yearly interest rate is _______percent
      (%). For the borrowing term is five and less than five years, the benchmark
      interest rate is the RMB borrowing benchmark interest rate on the same term
      announced by the PBC; for the borrowing term is five or more than five year,
      the
      benchmark interest rate is the RMB borrowing benchmark interest rate on the
      same
      term announced by the PBC plus __percent.

    The
      interest rate for the foreign exchange loan is calculated by the
      _______method
      below:

    
      	
            	(1)	
              Interest
                margin of _______month_______LIBOR/HIBOR+_______%
                on the monthly floating basis. LIBOR/HIBOR is the London Interbank
                Offer
                Rate/ Hong Kong Interbank Offer Rate on the date of two business
                days
                before the interest calculation date announced by the Reuters
                

            

    

    
      	
            	(2)	
              Exercised
                yearly interest rate is_______%
                till maturity of the facility.

            

    

    
      	
            	(3)	
              Other
                methods_______.

            

    

    
      	6.	
              Settlement
                of the Interest

            

    

    The
      facility hereunder is settled on the monthly basis. The interest settlement
      date
      is the 20th
      day of
      each month. The Borrower shall pay the interest on every interest settlement
      date. If the last repayment date for the principal is not on the interest
      settlement date, the unpaid interest shall be repaid together with the principal
      (the daily interest equals to the monthly interest/30)

    

    Article
      2

    In
      the
      case the following conditions are not fulfilled, the Lender is entitled not
      to
      provide the facility hereunder:

    
      	1.	
              The
                Borrower shall open the general account at the
                Lender.

            

    

    
      	2.	
              The
                Borrower shall provide the relevant documents and information as
                the
                Lender requests and complete the relevant
                procedures.

            

    

    
      	3.	
              In
                the event the facility hereunder is a foreign exchange loan, the
                Borrower
                shall complete the relevant permissions, registrations and other
                procedures as required in accordance with laws and
                regulations.

            

    

    
      	4.	
              If
                the facility hereunder is secured by pledged collaterals or mortgages,
                the
                relevant legal procedures including but not limited to registrations
                and/
                or insurances have been completed as the Lender requests. The aforesaid
                secured interests and insurances shall be continuously valid and
                effective. In the event the facility is guaranteed by the guarantors,
                the
                guarantee agreements shall be signed and become
                effective.

            

    

     

    Article
      3
      The Lender’s Rights and Obligations

    
      	1.	
              The
                Lender is entitled to inquire the Borrower’s production, financial
                condition, inventory and the application of the facility funds; the
                Lender
                may request the borrower periodically to provide the materials such
                as
                related financial and accounting
                reports.

            

    

    
      	2.	
              In
                the event Item 7, 8,and 10 of the Article 4 occur or the Borrower
                engages
                in other actions or conditions adversely affect the repayment of
                the
                facility, the Lender may withhold funding, call the facility, or
                terminate
                the agreement.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	3.	
              In
                the event the Lender calls the facility pursuant to the clause of
                the
                agreement or requests the Borrower to prepay the principal, the accrued
                interest, the punitive interest, the compound interest and other
                expenses,
                the Lender may directly withdraw the aforesaid payments from the
                Borrower’s account.

            

    

    
      	4.	
              In
                the event the Borrower’s payment is inadequate to repay the amount owed
                under the agreement, the Lender may decide any of the principal,
                the
                accrued interest, the punitive interest, the compound interest and
                other
                expenses shall be repaid first.

            

    

    
      	5.	
              In
                the event the Borrower breaches its repayment obligations under the
                agreement, the Lender may disclose the breach to the public.
                

            

    

    
      	6.	
              The
                lender shall launch the full amount of the facility to the Borrower
                on
                schedule in accordance with the
                agreement.

            

    

    

    Article
      4
      The Borrower’s Rights and Obligations

    
      	1.	
              The
                Borrower is entitled to draw down the facility and use the facility
                funds
                in accordance with the agreement.

            

    

    
      	2.	
              The
                Borrower shall conduct the settlement and deposit related to the
                facility
                hereunder through the account set forth in the Article
                2.

            

    

    
      	3.	
              In
                the event the facility hereunder is a foreign exchange loan, the
                Borrower
                shall complete the relevant permissions, registrations and other
                procedures as required in accordance with laws and
                regulations.

            

    

    
      	4.	
              The
                Borrower shall repay the principal and the accrued interest in accordance
                with the agreement. In the case the Borrower needs to roll over the
                facility, it shall submit a written application within fifteen days
                before
                the maturity of the facility; after the Lender consents, the rollover
                agreement shall be signed by and between the
                parties.

            

    

    
      	5.	
              The
                Borrower shall use the facility funds in compliance with the purpose
                hereunder, and shall not appropriate or misappropriate the facility
                funds.

            

    

    
      	6.	
              The
                Borrower shall provide the authentic, integrated and valid financial
                report or other relevant information on monthly basis, and actively
                cooperate with the Lender’s inspection with regard to its production,
                business operation, financial condition and its compliance with the
                purpose hereunder 

            

    

    
      	7.	
              In
                the event the Borrower carries out outsource, lease, conversion to
                share-holding system, co-operating business, merger, acquisition,
                split,
                joint venture, asset transfer, filing for reformation, filing for
                bankruptcy or other actions could change the debtor and creditor
                relationship or affect the Lender’s rights and interests hereunder, it
                should send the written notice to the Lender before carrying out
                the
                aforesaid actions. Without the Lender’s consent and perform the repayment
                obligations or prepay the unpaid loans, the Borrower shall not carry
                out
                the aforementioned actions.

            

    

    
      	8.	
              In
                the event the Borrower engages in any other actions not specified
                in
                Article 4.7 and have material adverse effects to its repayment obligations
                hereunder, for example, the Borrower ceases productions, suspends
                business, deregisters,
                is
                revoked business license; or the legal representatives or the major
                responsible persons engage in illegal activities, involve in major
                lawsuits or arbitrations; its productions and business operations
                encounter severe difficulties; or the financial conditions worsen,
                the
                Borrower shall send written notice to the Lender immediately, and
                provide
                the acceptable collaterals to secure the
                facility.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	9.	
              In
                the event the Borrower provides guarantees to the third parties,
                or
                provides its material assets to the third parties as collaterals,
                and may
                affect its repayment abilities, the Borrower shall send the prior
                written
                notice to the Lender and request its
                consent.

            

    

    
      	10.	
              The
                Borrower and its investors shall not withdraw funds, transfer assets
                or
                assign shares to avoid its obligations to the
                Lender.

            

    

    
      	11.	
              The
                Borrower shall immediately send the written notice to the Lender
                in the
                event of change in its name, legal representatives, business address,
                business scope, and other business registration
                items.

            

    

    
      	12.	
              In
                the event the guarantor hereunder ceases productions, suspends business,
                deregisters
                , is
                revoked business license, bankrupts and has loss in business; partially
                or
                totally incapable to provide guarantee for the facility hereunder,
                or the
                values of pledged or mortgaged collaterals or secured interests are
                impaired, the Borrower shall immediately provide other acceptable
                collaterals or secured interests to the
                Lender.

            

    

    
      	13.	
              The
                Borrower shall assume all relevant expenses, including but not limited
                to
                legal service, insurance, transportation, appraisal, registration
                and
                notary fees.

            

    

    

    Article
      5
      Prepayment

    The
      Borrower shall obtain the Lender’s prior consent to prepay the loan. In the
      event the Lender agrees the Borrower to prepay the loan, the prepayment interest
      shall be calculated by 2 methods
      below:

    
      	1.	
              By
                the agreed borrowing term and exercised borrowing interest set forth
                in
                the agreement.

            

    

    
      	2.	
              By
                the actual borrowing term and the agreed exercised borrowing interest
                upwardly floating zero percent
                (0%).

            

    

    

    Article
      6
      Breach

    
      	1.	
              In
                the event the Lender is not in compliance with the agreement to launch
                the
                facility in the agreed amount and the schedule and cause the Borrower’s
                loss, the Lender shall pay the penalty calculated by the default
                amount
                and the deferral days. The calculation of the penalty is the same
                calculation method as the deferral repayment interest in the same
                term.

            

    

    
      	2.	
              In
                the event the Borrower is not in compliance with the agreement to
                repay
                the principal, the Borrower shall pay the Lender the punitive interest
                from the deferral date to the repayment date on the interest rate
                calculated on the basis that the agreed exercised interest rate upwardly
                floating fifty percent (50%). During the period of deferral, if the
                facility currency is RMB and the PBC upwardly adjusts its benchmark
                interest rate, the punitive interest rate shall be adjusted accordingly
                from the adjustment date.

            

    

    
      	3.	
              In
                the event the Borrower is not in compliance with the purpose hereunder,
                the Borrower shall pay the Lender the punitive interest against the
                breach
                amount from the breach date to the repayment date on the interest
                rate
                calculated on the basis that the agreed exercised interest rate upwardly
                floating three hundred percent (300%). During the period, if the
                facility
                currency is RMB and the PBC upwardly adjusts its benchmark interest
                rate,
                the punitive interest rate shall be adjusted accordingly from the
                adjustment date.

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	4.	
              To
                the unpaid accrued interest, in accordance with the relevant regulations
                of PBC, the Lender may calculated the punitive interest as the compound
                interest. The unpaid interest includes the unpaid interest during
                the
                period of the facility (including the punitive interest against the
                purpose )and the unpaid interest occurs after the deferral of repayment
                (including the punitive interest for deferral and for misappropriation).
                To the punitive interest for the unpaid interest occurs during the
                period
                of the facility, the compound interest rate shall be calculated by
                the
                agreed exercised interest rate hereunder; after the maturity of the
                facility, the compound interest rate shall be calculated by the deferral
                interest rate; the unpaid interest for deferral repayment shall be
                calculated by the deferral interest
                rate.

            

    

    
      	5	
              In
                the event the Borrower is not in compliance with the obligations
                hereunder, the Lender is entitled to request the Borrower to amend
                the
                breach, to cease the launch of the facility, to request the Borrower
                to
                prepay the launched borrowings, to declare the other facilities under
                other agreements by and between the Borrower and the Lender are matured
                or
                to adopt other actions to secure the Lender’s
                assets.

            

    

    
      	6.	
              In
                the event any guarantor under the agreement is not in compliance
                with the
                guarantee agreement, the Lender is entitled to request the Borrower
                to
                amend the breach, to cease the launch of the facility, to request
                the
                Borrower to prepay the launched borrowings or to adopt other actions
                to
                secure the Lender’s assets.

            

    

    
      	7.	
              In
                the event the Lender files law suits or arbitrations to fulfill its
                interests hereunder, the Borrower shall assume the legal, travel
                and other
                related expenses the Lender may
                occur.

            

    

    

    Article
      7
      Guarantee

    The
      guarantee for this agreement is the maximum guarantee. The guarantee agreement
      shall be signed separately. The guarantee agreement number is
      32905200700002755.

    

    Article
      8
      Dispute Resolution

    Any
      dispute arising out of or related to this Agreement may be negotiated by the
      parties, or be solved by the following method  1
      :

    
      	1.	
              Submitted
                to and tried by the court, in which the Lender
                resides.

            

    

    
      	2.	
              Solved
                via Arbitration

            

    

    During
      the period of conducting law suits or arbitrations, the clauses not under
      disputes are still valid, effective and binding to the parties.

    

    Article
      9
      Other Covenants

    
      1.The
        Lender’s rights and interests hereunder shall be secured together by the maximum
        guarantee agreement No. 32905200700002755 and
        32110313901200806.

    

    

    Article
      10 Effectiveness of the agreement

    The
      agreement becomes effective on the date the parties sign or seal the
      agreement.

    

    Article
      11 

    This
      agreement is to be written up in three original copies with the Borrower, the
      Lender and the Guarantor. The three parties shall each hold one original copy,
      which shall have same legal effects.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Article
      12 Notice

    The
      Lender has urged the Borrower to thoroughly and accurately understand each
      clause set forth in the agreement, and has explained each clause to the
      Borrower. Both parties have reached consensus to the agreement.

    

    The
      Borrower: Danyang Lihua Electron Co., Ltd 

    Legal
      Representative (or authorized person)

    

    The
      Lender: Agricultural Bank of China Danyang City Branch 

    Legal
      Representative (or authorized person)Exhibit
      10.16

    RMB
      Capital Loan Agreement

    Contract
      No: LD2008119

    Loan
      type: Industry liquid capital

    

    the
      Borrower (Party A): Danyang Lihua Electron Co., Ltd.

    Address:
      Danyang City Hougang County Five Star Industry Development District

    Postal
      Code: 212312

    Legal
      Person: Jianhua Zhu

    Tel:
      82229628

    

    the
      Lender (Party B): China Construction Bank, Danyang Branch

    Address:
      1Yunyang Road, Dangyang City

    Postal
      Code: 212300

    Legal
      person: Leiping Zhang

    Tel:
      86526069

    

    Party
      A
      applies to borrow from Party B, and Party B agrees to loan the capital to Party
      A. According to the relevant laws and regulations, the parties reach the
      following agreement through negotiations. The parties memorializes the
      contact so that they both abide by its terms. 

    

    Clause
      1 Loan Amount

    Party
      A
      borrows RMB EIGHT MILLION (8,000,000) from Party B

    

    Clause
      2 Use of Proceeds

    Party
      A
      will use the loan for manufacture cash flow. Party A shall not change the use
      of
      the loan without written permission from Party B. 

    

    Clause
      3 Term of the Loan 

    The
      term
      of the loan is 12 months, from 3/7/2008 to 3/6/2009.

    

    If
      the
      loan effective date under this contract does not agree with the loan deposit
      certificate, the effective date shall be the date on the loan deposit
      certificate, and the due date shall be adjusted accordingly. 

    

    The
      Loan
      deposit certificate is incorporated into and part of the contract. It has the
      same legal effect as this contract. 

    

    Clause
      4 Loan Interest Rate, Penalty Rate and the Calculation and Payment of
      Interest

    

    1.
      Loan
      Interest Rate

    The
      interest rate of the loan under this contract is APY. For this loan, it is
      the
third
      category
      below:

    i)
      Fixed
      rate, which means the rate stays the same during the term of the
      loan;

    ii)
      Fixed
      rate, which means the Base Rate plus or minus certain percentage, and the rate
      stays the same during the term of the loan;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    iii)
      Floating rate, the Base Rate of the Interest Starting Date plus 20%. The rate
      is
      adjusted every six months according to that date’s Base Rate plus 20% during the
      period from the Interest Starting Date to the date when the principal and
      interest of the loan are paid off. Rate Adjusting Date is the corresponding
      date
      of the Interest Starting Date in the adjusting month. If there is not
      corresponding date in the rate adjusting month, then the last date of the
      adjusting month shall be the Rate Adjusting Date.

    

    2.
      Penalty Rate

    1)
      If
      Party A does not use the loan as specified in this contract, the Penalty Rate
      will be Loan Interest Rate plus 100%. If the Loan Interest Rate were to be
      adjusted according to Clause 4.1(iii), the Penalty Rate will be adjusted
      according to the adjusted Loan Interest Rate and the above upward
      adjustment.

    

    2)
      If the
      loan is not paid off on time, then the Penalty Rate is the Loan Interest Rate
      plus 50%. If Loan Interest Rate were to be adjusted according to Clause
      4.1(iii), the Penalty Rate will be adjusted according to the adjusted Loan
      Interest Rate and the above upward adjustment.

    

    3)
      If the
      loan is not used as specified in the contract and the loan is not paid off
      on
      time, the Penalty Rate should be the higher one and interest is compounding.
      

    

    3.
      The
      Interest Starting Date shall be the date when the loan is transferred to Party
      A’s bank account. When the loan is disbursed, the Base Rate is the rate
      published by China People’s Bank for loans of the same terms and category on the
      Interest Starting Date. After that, when the Loan Interest Rate is adjusted
      according to the above conditions, the Base Rate is the rate published by China
      People’s Bank for loans of same term and category on the Rate Adjusting Date. If
      China People’s Bank no longer publishes rates for loans with the same period and
      same category, the Base Rate shall be set according to the rate for loans of
      the
      same term and category and which is commonly accepted by the banking industry
      on
      the Rate Adjusting Date, except that parties may have other arrangement in
      relation thereto. 

    

    4.
      The
      calculation of loan interest starts when the loan is transferred to a bank
      account designated by Party A. The interest is calculated daily; daily interest
      is annual interest divided by 360. If Party A cannot pay interest on the
      interest payment date, then the interest starts to compound the next
      day.

    

    5.
      Payment of interest

    1)
      For
      the fixed rate loan, when calculating the interest, the interest shall be
      calculated according to the rate agreed. For the float rate loan, the interest
      shall be calculated according to the rate set for that floating period. If
      there
      are multiple changes of rate in one interest payment period, the total interest
      shall be the sum of the interests of all the floating periods.

    2)
      The
      payment of interest is monthly, and the payment date is the 20th
      day of
      each month.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Clause
      5 Distribution and Use of the Loan

    

    1.
      The
      condition precedents for distribution of the loan

    Unless
      Party B waives in whole or in part, Party B is obligated to disburse the loan
      only when the following conditions are satisfied:

    1)
      Party
      A has obtained all loan-related approvals, registration, insurance, payments
      and
      other legal procedures;

    2)
      If
      there are collaterals under the contract, the liens on such collaterals shall
      meet Party B’s requirements and have been perfected and effective and shall
      remain perfected and effective;

    3)
      Party
      A has established a bank account for the service of the loan;

    4)
      Party
      A is not in breach of the contract or causes or permits to exist any event
      or
      circumstances which may adversely affect the security of Party B’s loan;

    5)
      There
      exist no laws and regulations or other authorities which may prohibit or limit
      Party B from making the loan; and

    6)        (left
      blank)                               

    

    2.
      Use of
      the Loan Proceeds

    The
      loan
      shall be for one time use only.

    

    3.
      Party
      A shall use the loan according to Clause 5.2. Party A shall not advance, delay
      or cancel the withdrawal of the loan, without the written consent of Party
      B.

    

    Clause
      6 Repayment of the loan

    

    1.
      Principles of Repayment

    Under
      this contract, the repayment by Party A shall be distributed according to the
      following order of priority:

    Party
      B
      has the right to use the repayment by Party A to offset Party B’s cost which
      Party A should be responsible for under the contract and Party B’s cost in
      perfecting its creditor’s rights. The balance shall be repaid according to the
      following principle: interest shall be paid prior to principal and interest
      shall stop accumulating only when the principal is paid off. 

    For
      loans, the principals of which are not repaid in full 90 days after the maturity
      date, or loans, the interests of which are not repaid within 90 days after
      the
      due date, or other types of loans specified by relevant laws and regulations,
      Party A’s repayment funds, after clearing the costs described above, shall be
      applied to principal first and then to interest.

    

    2.
      Payment of Interest

    Party
      A
      shall pay interest to Party B on Interest Payment Date. The first Interest
      Payment Date is the first payment date after the loan is disbursed. The interest
      and principal shall be paid off on the last repayment of the
      loan.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.
      Principal Repayment Plan

    

    The
      principal shall be repaid all at once.

    

    4.
      The
      Method of Repayment

    Party
      A
      shall transfer enough funds to repay the amount due for the current period
      to a
      bank account set up by Party B before the due date. Party A shall transfer
      the
      funds to repay the loan (Party B also has the right to repay the loan from
      such
      account), or Party A shall transfer enough funds to repay the loan from other
      accounts on the repayment date.

    

    5.
      Prepayment of the Loan

    If
      Party
      A wishes to prepay the loan, it shall submit a written application to Party
      B
      ten days before the prepayment. After the approval of Party B, Party A can
      prepay the loan in part or in whole.

    If
      Party
      A prepays the loan, the interest shall be calculated according to the actual
      loan term and the Loan Interest Rate agreed in the contract. 

    If
      Party
      B permits Party A to prepay the loan, Party B has the right to ask Party A
      to
      pay compensation, which shall be calculated in the following way:

    Compensation
      = loan principal prepaid times number of month before the loan due date
      times1‰

    

    Clause
      7 Party A’s Rights and Obligations

    1.
      Party
      A’s rights

    i)
      Party
      A has the right to ask Party B to disburse the loan according to the
      contract;

    ii)
      Party
      A has the right to use the loan proceeds according to the contact;

    iii)
      Party A has the right to apply for an extension of the loan if it meets the
      conditions set by Party B;

    iv)
      Party
      A has the right to ask Party B to keep confidential all the financial data
      and
      business secrets provided by Party A, except those covered by other laws,
      regulations and other authorities or parties agree to otherwise;

    v)
      Party
      A has the right to refuse to pay Party B any bribery and has the right to report
      to relevant government agencies any of Party B’s action to demand a bribery and
      any Party B’s action which violates relevant law and regulation regarding loan
      interest and service fee. 

    

    2.
      Party
      A’s obligation

    i)
      Party
      A shall withdraw funds according to the contract and repay the loan and
      interest. Party A shall also pay all the costs according to the
      contract.

    ii)
      Party
      A shall provide data on its financial situation and business operations
      according to Party B’s requirements, including but not limited to provide last
      quarter’s asset balance sheet, income statement within 10 business days of the
      first month of every quarter, and annul cash flow chart at the end of the fiscal
      year. Party A shall be responsible for the truthfulness, comprehensiveness,
      validity of the materials provided. Party A shall not provide false or
      misleading information or omit important financial information.

    iii)
      If
      Party A changes its name, legal person, address, scope of business, registered
      capital or corporate charter and the changes require Industry and Commerce
      registration, Party A shall notify Party B in writing within three business
      days
      of the change and send Party B all the materials after the change. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    iv)
      Party
      A shall use the loan proceeds according to the contract. Party A shall not
      use
      the funds for any illegal transaction; shall cooperate with Party B to examine
      and supervise the use of the loan proceeds; Party A shall not withdraw the
      funds, transfer asset or use related-party transactions to evade its liability
      to Party B; Party A shall not use fake contracts with related parties, fake
      receipts without any trading background or amount due as collateral in exchange
      for capital and credit award from banks.

    

    v)
      If
      Party A uses the loan proceeds to engage in manufacturing or construction,
      it
      should obey relevant laws regarding to the environmental
      protection.

    

    vi)
      Before Party A repays the interest and principal of the loan in full to Party
      B,
      Party A shall not use the asset purchased with this loan as collateral to any
      third party.

    

    vii)
      If
      Party A is a corporate client, Party A shall report to Party B any transactions
      which involve over ten percent of its assets, including: 

    a)
      the
      relationship between the transaction parties;

    b)
      the
      project of the transaction and nature of the transaction;

    3)
      the
      transaction amount or its corresponding ratio;

    4)
      pricing policy (including transactions with no or nominal monetary
      values)

    

    viii)
      The
      loan under this contract is fixed asset loan or project level loan. Party A
      shall guarantee that the proposed project has already been approved by the
      governmental authority and does not violate any laws or regulations; that
      sufficient capital or other funds shall be readily available according to the
      contract. Party A shall also guarantee the project will be developed as planned.
      

    

    Claus
      8 Party B’s rights and obligations

    1
      Party B
      has the right to demand Party A to repay the principal, interest and fees on
      schedule. Party B can also exercise other rights according to the contract
      and
      demand Party A to perform its obligations in this contract.

    2
      Party B
      shall disburse the loan proceeds as specified in the contract, except when
      any
      delay is caused by Party A or when such delay is not due to Party B’s fault.

    3.
      Party
      B should keep confidential all the financial data and business secrets provided
      by Party A unless otherwise covered by laws or regulations, or demanded by
      governmental authority or parties hereto otherwise agreed.

    4.
      Party
      B shall not bribe Party A or ask and accept any bribery from Party
      A.

    5.
      Party
      B shall not be dishonest, and shall not engage in any action which may harm
      Party A’s interest.

    

    Clause
      9 Event of Default and Make-Good Clause if Party A’s Action Jeopardizes Party
      B’s Creditor Rights.

    1.
      Party
      B’s breach and its liability

    i)
      If
      Party B refuses to disburse the loan without valid reason, Party A can demand
      Party B to continue to disburse the loan according to the contract;

    ii)
      If
      Party B violates the laws or regulations against the taking of any fees or
      interests from Party A, Party A has the right to demand the return of such
      fees
      or interests.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.
      Situations which cause Party A’s breach

    i)
      Party
      A breaches any covenants in the contract or violates any legal
      obligation;

    ii)
      Party
      A clearly repudiates or repudiates with its action the contract.

    

    3.
      Situations which jeopardize Party B’s rights as creditor

    i)
      Any
      event or circumstance below which may be deemed by Party B as will jeopardize
      its creditor’s rights: contracting, leasing, entrusting, share restructuring,
      reduction of registered capital, investment, business alliance, merger,
      acquisition, spin-off, joint-venture, (involuntary) filing of halting of
      business operation, dissolution, revocation, bankruptcy, change of control
      or
      major asset sale by controlling shareholder or de facto controller, halt of
      business activity, levy of hefty fines by governmental authority , revocation
      of
      business registration or license, major legal dispute, business in significant
      trouble or worsening of financial situation, or when the legal person or major
      management personnel cannot perform duty normally.

    

    ii)
      Any
      event or circumstance below which may be deemed by Party B as will jeopardize
      its creditor’s rights: Party A defaults under other loans, including loans made
      by China Construction Bank or other third party; Party A conveys its asset
      for
      little or no consideration; Party A reduces liability owed to it by third
      parties or is not diligent in exercising its creditor right, or provides
      guaranty for a third party.

    

    iii)
      Party A abuses its status as corporation legal person or limited liability
      status for shareholder, or is unable to pay its debts, when such action may
      be
      deemed by Party B as will jeopardize its creditor rights. 

    

    iv)
      Any
      condition precedent for the loan in the contract is not met
      continuously.

    

    v)
      Any
      event or circumstance below of the Guarantor which may be deemed by Party B
      as
      will jeopardize its creditor’s rights:

    a)
      Breach
      any term in the Guaranty, or any representation or warranty is false, wrong
      or
      misleading.

    b)
      contracting, leasing, entrusting, share restructuring, reduction of registered
      capital, investment, business alliance, merger, acquisition, spin-off,
      joint-venture, (involuntary) filing of halting of business operation,
      dissolution, revocation, bankruptcy, change of control or major asset sale
      by
      controlling shareholder or de facto controller, halt of business activity,
      levy
      of hefty fines by governmental authority , revocation of business registration
      or license, major legal dispute, business in significant trouble or worsening
      of
      financial situation, when the legal person or major management personnel cannot
      perform duty normally, or any other event or circumstance which may adversely
      affect the Guarantee.

    c)
      Any
      situation which may cause it unable to guarantee the loan.

    

    vi)
      Any
      situation below of the pledge or collateral which may be deemed by Party B
      as
      will jeopardize its creditor rights:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    a)
      Because of third party’s action, government taking, confiscation, unpaid
      recovery, demolition, change of market conditions or any other reasons , the
      pledged asset is damaged, lost or its value is diminished.

    b)
      The
      pledged asset is seized, attached, frozen, detained, auctioned, or supervised
      by
      administrative agencies, or its title is in dispute.

    c)
      The
      Pledgor or Guarantor breaches any terms in the relevant contract or any
      representation or warranty is false, wrong or misleading.

    d)
      Other
      situations which may adversely affect Party B’s lien on the pledged assets or
      collateral.

    

    vii)Any
      event or circumstance below may be deemed by Party B as will jeopardize its
      creditor rights: Guaranty is not valid, not effective, invalidated, revoked,
      cancelled, the Guarantor breaches the Guaranty, repudiates or repudiates with
      action the Guaranty, or the Guarantor loses all or part of his capability to
      perform his obligations or the value of the Guaranty is diminished;
      or

    

    viii)
      Any
      other events or circumstances which may be deemed by Party B as will jeopardize
      its creditor rights. 

    

    4.
      Party
      B’s Damage Control Measures 

    Party
      B
      has the right to take the following one or more actions once any event or
      circumstance under Clause 9.2 or Clause 9.3 occur:

    

    i)
      Stop
      further disbursement of loan proceeds; 

    

    ii)
      Accelerate the loan and make it due and payable immediately and demand Party
      A
      to pay all principal, interest and fees.

    

    iii)
      If
      Party A has not withdrew the loan proceeds as specified in the contract, Party
      B
      has the right to ask Party A to pay a penalty of 0.1% of the breaching amount.
      Party B also has the right to stop disbursing the remaining balance of the
      loan.

    

    iv)
      If
      Party A does not use the loan proceeds according to the contract, as to the
      mis-used portion of the loan, starting from the date of the breach to the end
      of
      the term, Party B has the right to ask Party A to pay back the funds at the
      Penalty Rate as defined in the contract, pay compounding interest and other
      interests in one of the ways as defined in the contract.

    

    v)
      If the
      loan is overdue, as to the overdue portion of the loan, including principal
      and
      interest (include those principal and interest accelerated by Party B), starting
      from the date of the breach to the end of the term, Party B has the right to
      ask
      Party A to pay back at the Penalty Rate as defined in the contract, pay
      compounding interest and other interests in one of the ways as defined in the
      contract. The loan is overdue if Party A does not repay it on time or does
      not
      repay the loan according to the schedule specified in the contract.

    Before
      the loan is due, Party A shall pay back the overdue interests according to
      the
      principles set forth in the contract, including pay compounding interest and
      other interests in one of the ways as defined in the contract. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    vi)
      Other
      measures to diminish the damage, including but not limited to:

    a.
      Without prior notice to Party A, withdraw RMB or other currency in equivalent
      value from its bank account in China Construction Bank system 

    b.
      Exercise right on the collateral;

    c.
      Ask
      Party A to provide new guarantee which meets the requirements specified in
      this
      contract;

    d.
      Cancel
      this contract.

    

    Clause
      10. Other Terms

    1.
      Payment of fees:

    Except
      otherwise agreed to by parties hereto, Party A shall pay the following fees
      related to the contract and the collateral/guaranty: attorneys’ costs,
      insurance, valuation, registration, safe keeping, and notarization.

    Party
      A
      shall cover all of Party B’s actual costs and expenses to perfect and exercise
      its creditor rights (including but not limited to, cost related to litigation,
      arbitration, property insurance, travel, execution, evaluation, notarization,
      delivery, public notice and legal service. ) 

     

    2.
      The
      use of information provided by Party A:

    Party
      A
      agrees that Party B may check Party A’s credit condition with China People’s
      Bank or via the credit database established by credit administration authority
      under the permission of China People’s Bank, or may inquire related entity and
      department about Party A’s credit condition. Party A also agrees that Party B
      may furnish Party A’s credit information to the above-mentioned credit database.
      Party A also agrees that Party B may reasonably use and disclose Party A’s
      information for business purposes.

    

    3.
      Public
      notice to urge Party A’s repayment of the loan

    If
      Party
      A delays the repayment of the loan or breaches the contract in other ways,
      Party
      B has the right to notify related entities or departments and has the right
      to
      make public notice through news media to urge Party A’s repayment of the
      loan.

    

    4.
      The
      effect of Party B’s evidence

    Unless
      Party A can show reliable and clear evidence to the contrary, Party B’s internal
      financial records on principal, interest, fee, repayment, receipts which are
      made and kept by Party B on Party A’s withdrawal, repayment of principal and
      interest, and record which shows Party B has urged Party A to repay the loan
      shall all constitute effective evidence of the creditor-debtor relationship.
      Party A shall not raise any objection merely because the above-mentioned record,
      receipts and certificates are made and kept by Party B unilaterally.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.
      Reserved Rights

    Party
      B’s
      rights under this contract shall not affect other rights Party B may have
      according to laws, regulations or other contracts. Any waiver, extension or
      delay to exercise the rights under this contract shall not operate as a waiver
      of any rights and interest under this contract or as permission to the default,
      hence it shall not limit, prohibit or hinder Party B’s exercise of its rights
      under the contract or other any rights it may have and it shall not lead any
      obligation and liability on the part of Party B to Party A.

    

    6.
      If
      Party A has other debts to Part B besides this contract, Party B has the right
      to withdraw RMB or other currency with equal value from Party A’s bank account
      in China Construction Bank system to pay any debts due. Party A agrees not
      to
      raise any objections.

    

    7.
      Party
      A shall notify Party B of any change of mailing address or contact information
      in writing as soon as possible. Party A shall cover any losses caused by any
      delayed notification.

    

    8.
      Transfer of the amount due

    As
      to all
      of the Party A’s amount due under this contract, Party B has the right to
      withdraw corresponding RMB or other currency with equal value from Party A’s
      bank account in China Construction Bank system without prior notice to Party
      A.
      Party A has the obligation to help Party B with the foreign exchange procedure
      if there is such a need. Party A shall bear all the risks of currency exchange
      rate fluctuations.

    

    9.
      Dispute Resolution 

    If
      a
      dispute arises under this contract, the parties hereto shall resolve the dispute
      through negotiation. The following procedure shall be adopted if the negotiation
      fails:

    To
      file a
      lawsuit in court with jurisdiction over Party B.

    

    10.
      Precondition to the effectiveness of this contract

    The
      contract shall be effective once executed and sealed by both parties or their
      representatives.

    

    11.
      This
      contract has five copies.

    

    12.
      Other
      agreed matters

    i)
      The
      lien under this contract is covered by the Maximum Collateral Contract with
      contract number: ZGEBZ2007186. 

    ii)
      The
      lien under this contract is covered by the Maximum Collateral Contract with
      contract number: ZGEBZ2008045.

    

    Clause
      11 Declarations 

    1.
      Party
      A is fully aware of Party B’s scope of business and limits of
      authority.

    

    2.
      Party
      A has read all the clauses under this contract. As required by Party A, Party
      B
      has already explained the corresponding clauses of this contract. Party A has
      fully understood the meaning of the contract and its corresponding legal
      consequences.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.
      Party
      A’s execution and performance of this contract comply with all laws,
      regulations, Party A’s charter and internal organizational document, and is
      approved by Party A’s internal authority and/or government
      authority.

    

    Party
      A:
      Seal 

    

    Signature
      by Legal Person or Authorized Representative: Zhu, JianHua

    Date:
      March 7, 2008

    

    Party
      B:
      Seal

    

    Signature
      by Legal Person or Authorized Representative: ________ (illegible)

    Date:
      March 7 ,2008

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]