Document:

Pledge
Agreement

        

    No.: Shen
Dan (2009) Nian Wei Dai Bao Zi (265-4)

    

    
      	
              Pledgee
      (Party A):   

            	
              Shenzhen
      Small & Medium Enterprises Credit Guarantee Centre Co.,
      Ltd.

            

    

    
      	
              Address:  
      

            	
              Floor
      16, Ping’an Bank Building, No. 1099 Shennan Zhong Road, Futian District,
      Shenzhen

            

    

    

    Pledgor
(Party B): Wu Zuxi  (ID card No.:)

    Address:                                                                                                    

    

    Borrower
(Party C): Feigeda
Electronic (SZ) Co., Ltd.

    Address:                                                                                                    

    

    Party A,
Party C and the Shenzhen Branch of Industrial Bank Co., Ltd. (hereinafter
referred to as the “Entrusted Bank”) entered into the Entrusted Agreement For
Loan Release and Entrusted Loan Agreement numbered Shen Dan (2009) Nian Wei Dai
(jie) Zi (265) (hereinafter collectively referred to as the “Entrusted Loan
Agreement). According to the Entrusted Loan Agreement, Party A entrusted the
Entrusted Bank to release a RMB loan to Party C.

    

    Party B
hereby agrees to provide a pledge guarantee to Party A per Party C’s request.
Party A, Party B and Party C enter into this Agreement after reaching a
consensus through negotiations.

    

    Article
1 Pledge Property

    Party B
provides to Party A the following property of which Party B is duly entitled to
dispose to serve as the pledge property:

    Pledge
Fund: RMB2,100,000.00; Depositing Means: The same amount of
RMB350,000.00 is deposited on a monthly basis starting from the 18th month upon the loan release
date to the following (1) account:

    
      	
              (1)

            	
              Beneficiary:
      Shenzhen Small & Medium Enterprises Credit Guarantee Centre
      Co., Ltd.

            

    

    Bank Of
Deposit: Operation Office of Pingan Bank

    Account
Number:

    
      	
              (2)

            	
              Beneficiary:                         
      

            

    

    Bank Of
Deposit:               

    Account
Number:               

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Article
2 Pledge Scope

    The scope
covered by the pledge is: the principal, interest and delayed repayment interest
under the Entrusted Loan Agreement; the liquidated damages paid to Party A; all
the cost paid by Party A to realize its creditor’s rights (including but not
limited to insurance fee, attorney fee, litigation fee, auction fee, execution
fee and assessment fee).

        

    In the
event of Party C’s failure to perform its obligation, Party B shall immediately
repay all the amounts in full within the said scope covered by the
pledge.  In the event of Party B’s failure of or incomplete
performance of repayment of the debts prescribed in the preceding clause, Party
B shall agree and authorize Party A to directly own the pledge property provided
by Party B to offset the debt or to enjoy the repayment priority from the
amounts of auction or sale of the pledge property.

    

    Article
3 Pledge Term

    The
pledge term is starting from the effective date of this Agreement until the
expiry of the statute of limitation of the creditor’s right under the Entrusted
Loan Agreement pledged that is secured by this Agreement.

    

    Article
4 Validity and Special Agreement

    
      	
              1.

            	
              If
      Party B (including its successor and devisees) is a natural person, the
      validity hereof shall not be affected by Party B’s material body or
      property accident (such as death, being declared as death, missing, being
      declared as missing, loss of capacity for civil acts and suffering from
      natural disasters). If Party B is a legal person or in the form of other
      organization, the validity hereof shall not be affected by Party B’s
      merger, division, reconstruction, transformation with the stock system and
      change of the affiliation
relationship.

            

    

    
      	
              2.

            	
              The
      Parties hereby agree in particular, that Party A is entitled to directly
      exercise the pledge right within the scope covered by the pledge hereunder
      whether Party A’s creditor’s rights to Party C is secured by any other
      guarantees.

            

    

    

    Article
5 Declaration

    Party B
hereby declares to Party A:

    
      	
              1.

            	
              Party
      B is aware of and acknowledges, that Party A entrusts the Entrusted Bank
      to release the loan under the Entrusted Loan Agreement. As the entrustor
      under the legal relationship of entrusted loan, Party A is entitled to
      directly and independently exercise all the rights under the Entrusted
      Loan Agreement and this Agreement in name of its own, which means Party A
      is entitled to all the rights under the Entrusted Loan Agreement and this
      Agreement and institute a legal action, arbitration or other legal
      proceeding independently according to this Agreement and relevant
      agreements.

            

    

    
      	
              2.

            	
              Party
      B has been aware of Party C’s business scope, credits and the actual
      purpose of the loan and agrees to provide guarantee
    thereto.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              3.

            	
              Party
      B has fully understood, comprehended and accepted any and all clauses
      under this Agreement and other agreements in connection with the Entrusted
      Loan Agreement.

            

    

    
      	
              4.

            	
              In
      the event of Party B’s being a legal person or in the form of other
      organization, the pledge provided by Party B hereunder has been authorized
      by its board of directors or the according highest organ of power and is
      in accordance with the laws, regulations, policies and the articles of
      association as applicable to Party B. In the event of Party’s execution
      hereof being in breach of its articles of association and other internal
      regulations, Party B shall be responsible to the liabilities and shall not
      to refuse to perform the guarantee obligation hereunder for its execution
      hereof being in breach of its articles of association and other internal
      regulations.

            

    

    
      	
              5.

            	
              In
      the event of a joint ownership of the pledge property, the pledge
      hereunder shall be agreed by all the
co-owners.

            

    

    
      	
              6.

            	
              All
      the materials provided by Party B to Party A are true, complete, legal and
      valid.  Except for the pledge hereunder, the pledge property and
      its property rights are not affected by any other pledge, lien or debt
      liability, or involved in any dispute regarding ownership or rights of use
      or disposal or bankruptcy
procedures.

            

    

    
      	
              7.

            	
              Party
      B acknowledges that any change of relevant clauses under the Entrusted
      Loan Agreement shall not be subject to Party B’s consent, and Party B’s
      guarantee obligation shall not be alleviated
  therefor.

            

    

    

    Article
6 Rights and Obligations of the Parties

    
      	
              1.

            	
              Without
      the written consent of Party A, Party B shall not donate, lease, transfer
      the possession of, convert the value into cash or dispose of the pledge
      property hereunder in any other
ways.

            

    

    
      	
              2.

            	
              In
      the event of sealing up, freezing or other compulsory measures on the
      pledge property, Party B shall immediately notify Party A in writing and
      Party B shall be obliged to notify the authority responsible for the
      sealing up and freezing that the property concerned has been
      pledged.

            

    

    
      	
              3.

            	
              In
      the event of an objection or a dispute in relation with validity of the
      ownership of or the legal disposal rights of the pledge property and the
      pledge hereunder as raised by the third party during the pledge term,
      Party B shall be responsible for all the liability and liable for all
      Party A’s loss resulted therefrom.

            

    

    
      	
              4.

            	
              In
      the event of a possibility of loss of or apparent decrease of the value of
      the pledge property during the pledge term that is sufficient to threaten
      the rights and interests of Party A, Party B shall provide corresponding
      guarantee within 30 days upon Party A’s request.  Provided that
      the value decrease of the pledge property is not caused by Party A’s
      fault, Party B shall provide a guarantee of which the value is equivalent
      to the decrease value within 30 days.  If Party B fails to do
      so, Party A is entitled to dispose of the pledge property and use the
      price obtained therefrom to offset the arrears in
  advance.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              5.

            	
              Party
      B shall provide relevant documents and materials promptly, accurately and
      completely per Party A’s request and subject itself to Party A’s
      examination.

            

    

    
      	
              6.

            	
              Party
      A is entitled to the natural derivatives from the objects of the
      pledge.

            

    

    
      	
              7.

            	
              Party
      A is entitled to derivative rights of the pledge equity (or
      shares).  Derivative rights of the pledge equity (or shares)
      refer to bonus and other incomes from the pledge equity (or
      shares).

            

    

    
      	
              8.

            	
              Party
      B authorizes Party A to consult Party B’s credit with the basic credit
      database of People’s Bank of China, credit database approved by the
      authorities responsible for loan credit information collection or relevant
      units, departments and persons. Party B agrees to provide its credit
      information to the basic credit database of People’s Bank of China and the
      credit database approved by relevant
  authorities.

            

    

    

    Article
7 Default and Realization of the Pledge Rights

    
      	
              1.

            	
              Party
      B agrees and authorizes Party A to auction, sell or directly own or
      dispose of the pledge property in other legal ways to realize the pledge
      rights under any one of the following
  circumstances:

            

    

    
      	
               
      

            	
              1)

            	
              Party
      C fails to repay the principal and interest on the due
    date;

            

    

    
      	
               
      

            	
              2)

            	
              The
      Entrusted Bank recovers the loan in advance according to the Entrusted
      Loan Agreement and the request of Party
A;

            

    

    
      	
               
      

            	
              3)

            	
              Party
      B or Party C is declared bankrupt or
dissolved;

            

    

    
      	
               
      

            	
              4)

            	
              Party
      B or Party C suffers from material deterioration of the business,
      transfers assets or withdraws capitals contributed to evade the debts or
      other circumstances where it may lose its performance capacity of the
      repayment obligation.

            

    

    
      	
              2.

            	
              Unless
      otherwise provided hereunder, any amounts paid by Party B to Party A to
      fulfill the guarantee obligation or any amounts obtained from the disposal
      of the pledge property shall be subject to the following sequences of
      repayment:

            

    

    
      	
               
      

            	
              1)

            	
              Costs
      for realization of the creditor’s
rights;

            

    

    
      	
               
      

            	
              2)

            	
              Interest,
      delayed repayment interest and liquidated
  damages;

            

    

    
      	
               
      

            	
              3)

            	
              The
      principal of the creditor’s rights;

            

    

    
      	
               
      

            	
              4)

            	
              Other
      amounts unpaid by Party C.

            

    

    

    
      Article
8 Registration, Transfer and De-registration of the Pledge
Property

    

    
      	
              1.

            	
              In
      the event that pledge registration is required, Party B shall be obliged
      to duly complete the pledge registration formalities with relevant
      documents upon execution hereof.  The originals of the right
      vouchers of the pledge property shall be under the custody of Party A
      during the pledge term.

            

    

    
      	
              2.

            	
              Party
      B shall immediately transfer the originals of the right voucher to Party A
      for preservation if the right voucher needs to be transferred to Party A
      upon execution hereof.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              3.

            	
              This
      Agreement shall be terminated upon the repayment of all the debts by Party
      C or Party B.  Party A shall immediately return the originals of
      the right vouchers to Party B and issue written documents regarding its
      consent to pledge de-registration. The de-registration formalities are to
      be conducted by Party B. Party B agrees, that Party C can be entrusted to
      handle the matters about obtaining the originals of the right voucher and
      pledge de-registration.

            

    

    

    Article
9 Relevant Costs

    
      	
              1.

            	
              Party
      C shall assume the costs of storage fee, assessment fee, verification fee,
      insurance fee and notarization fee
hereunder.

            

    

    
      	
              2.

            	
              Party
      C shall repay the amounts that Party A pays in advance due to Party C’s
      failure to pay off the amounts hereunder.  Party A is entitled
      to claim interest calculated by the interest rate for current flow loan
      for the same level as regulated by People’s Bank of China starting from
      the date when Party A pays the said amounts in
  advance.

            

    

    
      	
              3.

            	
              Party
      C authorizes Party A and the Entrusted Bank to deduct the abovementioned
      amounts and interest from any accounts
thereof.

            

    

    

    Article
10 Reservation of Rights

    During the performance
period hereof, in the event Party B delays its performance, any tolerance
or grace period granted by Party A or the Entrusted Bank on Party B’s any
default or delayed performance during the performance hereof shall not impair,
affect or restrict any and all the rights enjoyed by Party A under this
Agreement and relevant laws, or be deemed as Party A’s permission or implied
acceptance of any default, or be deemed as a waiver of the rights to take
actions against the current or future breach of Party B.

    

    Article
11 Notice

    Party B
shall notify Party A in advance of any change of addresses, telephone numbers
and facsimile numbers, otherwise it shall be deemed as fulfillment of the notice
obligation when Party A sends the notice to the address and number as originally
provided by Party A.

    

    Article
12 Supplement and Modification

    Any
modification or supplement hereto shall be conducted in writing.

    

    Article
13 Applicable Laws and Dispute Settlement

    This
Agreement is governed by the Laws of People’s Republic of China.  The
Parties may negotiate to resolve the disputes arising out of the performance
hereof; if the dispute cannot be resolved by negotiation, it may be resolved by
the 1st
means of the followings:

    
      	
               
      

            	
              1.

            	
              Litigation:
      institute a legal action with the People’s Court of Shenzhen with
      jurisdiction;

            

    

    
      	
               
      

            	
              2.

            	
              Arbitration:
      institute an arbitration proceeding with the_____ arbitration organization
      of the followings and the effective arbitration rule of the arbitration
      organization when the application is filed is
  applicable:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              (1)

            	
              South
      China Sub-commission of China International Economic and Trade Arbitration
      Commission;

            

    

    
      	
               
      

            	
              (2)

            	
              Shenzhen
      Arbitration Commission

            

    

    

    Article
14 Effectiveness

    This
Agreement becomes effective upon execution and stamping by the authorized
signatories of the Parties (If the Party is a natural person, the Agreement
becomes effective upon execution.)

    

    Article
15 Originals

    This
Agreement has three originals with the same effect and force and each of the
three Parties holds one.

    

    Article
16 Other Clauses

    _____________________________________________________
_____________________________________________________ 

    _____________________________________________________

       

    
      	
              Party
      A:   

            	
              Shenzhen Small &
      Medium Enterprises Credit Guarantee Centre Co., Ltd.  Official
      Stamp )

            

    

    
      Signatory
with Authorization:  /s/
[illegible
signature]            (Signature)

    

    
      Signature
Date:               
 Year                
Month                
Day

    

    

    
      Party B:
Wu Zuxi  (ID card No.)(Official
Stamp)

    

    
      Signatory
with Authorization:
/s/ Wu
Zuxi             (Signature)

    

    
      Signature
Date:                
Year                
Month                
Day

    

    

    
      Party C:
Feigeda Electronic (SZ) Co., Ltd.   (Official
Stamp)

    

    
      Signatory
with Authorization:
/s/ [illegible
signature]         (Signature)

    

    
      Signature
Date:                
Year                
Month                
DayMortgage
Agreement

       

                                 Number:
Shen Dan(2009)Nian Wei Dai Bao Zi (265-2)

    

    Mortagee
(Party A): Shenzhen
Branch of Industrial Bank Co., Ltd.

    Address:___________________________________________   

    

    Mortagor
(Party B):

     

    Party B
-1: Bu
Falin  (ID card No.:)

    

    Borrower
(Party C): Feigeda
Electronic (SZ) Co., Ltd.

    
      	
              Address:

            	
              Floor 3, Building C6,
      Fuyuan Industrial Park, No.111, Zhoushi Road, Xixiang Subdistrict, Bao’an
      District, Shenzhen

            

    

    

    
      	
              Entrustor
      of the Entrust Loan (Party D):   

            	
              Shenzhen
      Small & Medium Enterprises Credit Guarantee Centre Co.,
      Ltd

            

    

    
      	
              Address: 
      

            	
              Floor
      16, Pingan Bank Building, No.1099, Shennan Zhong Road, Futian District,
      Shenzhen

            

    

    

    Party A,
Party C and Party D entered into the Entrusted Loan Agreement numbered “Shen Dan
(2009) Nian Wei Jie Zi (265)” pursuant to which, Party D entrusted Party A to
release a loan to Party C.

    

    Per Party
C’s request, Party B hereby agrees to provide to Party A and Party D the
property of which Party B is entitled to dispose to serve as a mortgage
guarantee. Party A, Party B, Party C and Party D enter into this Agreement after
reaching a consensus through negotiations.

    

    Article
1 Collateral

    Party B
mortgaged the property of which Party B is legally entitled to the ownership or
disposal rights. See the relevant information of the collateral mortgage in
Article 21 regarding the list of collateral: √Schedule 1 / Schedule 2 (the
option marked ‘√’is chosen)

    

    Article
2 Scope Covered by the Mortgage

    
      	
              1.

            	
              The
      Parties agree, that the total mortgage amount of the collateral mortgage
      is the principal of the loan under the Entrusted Loan Agreement with the
      amount of RMB1,400,000.00,
      and interest, liquidated damages, delayed repayment interest, and all the
      cost for realization of the creditor’s rights (including but not limited
      to insurance fee, attorney fee, litigation fee, auction fee, execution fee
      and assessment fee), including but not limited to all the other amounts
      Party A and Party D is entitled to claim against Party C. The said amount
      as agreed shall not be deemed as the basis for value appraisal in the
      event of disposal of the collateral mortgage by Party A and Party C or
      restriction on the exercise of the mortgage rights by Party A and Party D.
      The mortgage amount shall be the value actually realized by the
      collateral. Party A and Party D shall be entitled to a priority repayment
      from the value actually realized by the
  collateral.

            

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
      	
              2.

            	
              In
      the event of Party C’s failure of performance of the obligations under the
      Entrusted Loan Agreement which has caused damages to Party A and Party D,
      both Party A and Party D shall be entitled to immediately convert the
      value of the collateral into cash by auction or sale of the collateral or
      directly offset the debts owed to Party A and Party
  D.

            

    

    

    Article
3 Mortgage Term

    The
mortgage term is starting from the effective date hereof until the expiry of the
statute of limitation of the creditor’s right under the Entrusted Loan
Agreement.

    

    Article
4 Validity

    
      	
              1.

            	
              In
      the event of Party B’s (including its successor and devisees) being a
      natural person, the validity hereof shall not be affected by Party B’s
      material body or property accident (such as death, being declared as
      death, missing, being declared as missing, loss of civil capacity for acts
      and suffering from natural disasters). In the event of Party B’s being a
      legal person or in the form of other organization, the validity hereof
      shall not be affected by Party B’s merger, division, reconstruction,
      transformation with the stock system and change of the affiliation
      relationship.

            

    

    
      	
              2.

            	
              Both
      Party A and Party D are entitled to directly exercise the mortgage right
      within the scope covered the mortgage hereunder, whether Party A and Party
      D’s creditor’s rights are secured by any other
  guarantees.

            

    

    

    Article
5 Insurance

    
      	
              1.

            	
              Party
      B shall take out the insurance product designated by Party A and Party D
      on the collateral. In the event of an existing insurance on the
      collateral, the principal beneficiary shall be changed to Party D. The
      insured amount shall not be less than the abovementioned net appraisal
      value and the insurance term shall not be shorter than the mortgage term
      (the initial term of the insurance term shall be starting from the
      effective date of the mortgage agreement until the second month after the
      due date of repayment). The insurance policy shall specify Party D as the
      principal beneficiary of the insurance compensation and shall not contain
      any restrictive provision damaging Party D’s rights or
      interest.

            

    

    
      	
              2.

            	
              In
      the event of Party C’s failure of performance of due repayment obligation,
      Party B shall promptly renew the insurance policy; and in the event of
      Party B’s failure to do so, Party D shall be entitled to conduct the
      insurance renewal instead and the insurance premium shall be paid by Party
      C.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
 

    
      	
              3.

            	
              The
      insurance policy and other insurance certificates shall be under the
      custody of Party D during the mortgage
term.

            

    

    
      	
              4.

            	
              During
      the mortgage term, Party B shall not suspend the insurance for any
      reasons; if so, Party D shall be entitled to take out the insurance
      instead and the insurance premium shall be paid by Party
  D.

            

    

    
      	
              5.

            	
              In
      the event of loss of the collateral mortgage covered by the insurance or
      value decrease of the collateral mortgage due to the third party, the
      insurance money or the damages shall be served as collateral mortgage and
      deposited into the accounts designated by Party A and Party D. Party B
      shall not use the said amounts throughout the insurance
    term.

            

    

    
      	
              6.

            	
              The
      remaining insurance money after deducing the amounts payable to Party A
      and Party D by Party B will be returned to other
      beneficiaries.

            

    

    
      	
              7.

            	
              This
      article is also applicable to insurance formalities under the circumstance
      where Party B increases relevant mortgage or provides a new mortgage per
      Party A and Party D’s request.

            

    

    

    Article
6 Obligations of Party B

    
      	
              1.

            	
              Party
      B is responsible to preserve the collateral mortgage throughout the
      mortgage term. During the said term, Party B shall well preserve the
      collateral mortgage and have the obligation to guarantee security and
      completeness of collateral mortgage including repair and maintenance
      thereof and assist and cooperate with Party D’s examination on the
      collateral mortgage in any time. In the event of damage due to improper
      management, Party B shall restore the original status of the collateral
      mortgage or provide other collateral mortgage per the requests of Party A
      and Party D.

            

    

    
      	
              2.

            	
              Party
      B shall transfer to Party D the original of ownership certificate of the
      collateral mortgage or the original of the right voucher of the mortgage
      upon the effective date hereof. The original of ownership certificate of
      the collateral mortgage or the original of the right voucher of the
      mortgage shall be under the custody of Party D throughout the mortgage
      term.

            

    

    
      	
              3.

            	
              Under
      the circumstance where Party B disposes of the collateral mortgage by
      means of transfer, donation, contracting, investment in equity and in
      other ways, written consent of Party A and Party D is required and Party B
      shall provide according guarantee and/or repay to Party A in advance the
      debts within guarantee scope with the amounts from disposal of the
      collateral mortgage or submit such amounts to the third party as
      designated by Party D for escrow.

            

    

    
      	
              4.

            	
              Under
      the circumstance where the price of the transfer of the collateral
      mortgage by Party B is so apparently lower than its value that it is not
      sufficient to fulfill the mortgage, Party A and Party D are entitled to
      require Party B to provide according supplementary mortgage to offset the
      value gap between the said price and the loan mortgaged; if Party B fails
      to or is unwilling to provide the supplementary mortgage, the said
      transfer transaction shall not be
conducted.

            

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      	
              5.

            	
              In
      the event of such an apparent value decrease of the collateral mortgage
      that it is sufficient to threaten Party A and Party D’s rights and
      interest, Party B shall restore the value of the collateral mortgage or
      provide supplementary mortgage with the value equivalent to the decrease
      value within 30 days upon the request of Party A or Party
    D.

            

    

    
      	
              6.

            	
              In
      the event of an objection to ownership, disposal rights of the collateral
      mortgage or the right of priority repayment hereunder as raised by the
      third party during the mortgage term, Party B shall be responsible for any
      and all the results and liability and to indemnify and hold harmless Party
      A and Party D from and against the loss resulting
    therefrom.

            

    

    
      	
              7.

            	
              Party
      B shall proactively take remedy measures and notify Party A, Party D and
      the insurer in writing promptly under any one of the following
      circumstances:

            

    

    
      	
               
      

            	
              1)

            	
              There
      is a ownership dispute regarding the
collateral;

            

    

    
      	
               
      

            	
              2)

            	
              Damages
      or loss of the collateral mortgage or other events resulting in apparent
      value decrease of the collateral mortgage has occurred or is to
      occur;

            

    

    
      	
              8.

            	
              Party
      B shall provide to Party A the written material proving the consent of
      other co-owners of the collateral mortgage on the mortgage matter
      hereunder;

            

    

    
      	
              9.

            	
              If
      the collateral mortgage has been leased prior to the establishment of the
      mortgage, Party B shall notify Party A and Party D of the lease in writing
      and provide the leasing contract. In the meanwhile, Party B shall notify
      the tenant of the mortgage matters and request the tenant to issue a
      confirmation letter.

            

    

    
      	
              10.

            	
              Party
      B confirms, that any change of relevant articles under the Entrusted
      Agreement for Loan Release, the Entrust Loan Agreement and the Guarantee
      Agreement shall not be subject to Party B’s consent and Party B’s
      guarantee obligation shall not be alleviated
  therefore.

            

    

    
      	
              11.

            	
              Party
      B authorizes Party A to consult Party B’s credit with the basic credit
      database of People’s Bank of China, credit database approved to establish
      by the authorities responsible for loan credit information collection or
      relevant units, departments and persons. Party B agrees to provide its
      credit information to the basic credit database of People’s Bank of China
      and the credit database approved to establish by relevant
      authorities.

            

    

    

    Article
7 Representations and Warranties of Party B

    
      	
              1.

            	
              Party
      B agrees and confirms that as the entrustor under the Entrusted Loan
      Agreement, Party D is entitled to directly and independently exercise all
      the rights under the principal agreement and this Agreement in the name of
      its own. Party D is entitled to initiate a legal action, arbitration
      proceeding or other legal measures independently or jointly with Party A
      against Party B and Party C according to this Agreement and relevant
      contracts

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	
              2.

            	
              The
      ownership certificates and evidencing materials provided by Party B to
      Party A and Party D are true, complete, legal and valid; there is no
      conceal of the condition of the collateral mortgage like co-ownership,
      dispute, sealing-up, seizure or having been
  mortgaged.

            

    

    
      	
              3.

            	
              Party
      B has the legal disposal rights of the
  collateral.

            

    

    
      	
              4.

            	
              Party
      B is aware of Party C’s business scope, credit and the actual purpose of
      the loan.

            

    

    
      	
              5.

            	
              In
      the event of Party B’s being a legal person or in the form of other
      organization, the mortgage provided by Party B hereunder has been
      authorized by its board of directors or the relevant highest organ of
      power and is in accordance with the laws, regulations, policies and the
      articles of association as applicable to Party B. In the event of Party’s
      execution hereof being in breach of its articles of association and other
      internal regulations, Party B shall be responsible to the liabilities and
      shall not refuse to perform the guarantee obligation hereunder for its
      execution hereof being in breach of its articles of association and other
      internal regulations.

            

    

    

    Article
8 Realization of the Mortgage Rights

    
      	
              1.

            	
              In
      the event of Party C’s failure to fulfill the contractual repayment
      obligation to Party A and Party D, Party A and Party D shall be entitled
      to dispose of the collateral mortgage hereunder. Party A and Party D may
      exercise the mortgage right in the means of directly owning the collateral
      by converting the value of the collateral mortgage into cash to offset the
      debts as agreed with Party C or apply for auction and sale of the
      collateral mortgage by the court after application to the notarization
      authorities for notarization documents with compulsory execution
      force.

            

    

    
      	
              2.

            	
              Party
      A and Party D may exercise the mortgage rights in advance and offset the
      debts with the price obtained therefrom in
  advance:

            

    

    
      	
               
      

            	
              1)

            	
              Party
      B is in breach of this Agreement, which threatens the mortgage rights of
      Party A and Party D;

            

    

    
      	
               
      

            	
              2)

            	
              Party
      B is dissolved, bankrupt, suspended, ordered to suspend the business for
      rectification, revoked or the business license thereof is revoked, or
      Party B as a natural person is dead and its successors are absent to
      fulfill his obligation or the successors refuse to do
  so.

            

    

    
      	
               
      

            	
              3)

            	
              Party
      C suffers from deteriorating business and loss of business reputation;
      Party C is involved with disputes or litigation with the third party or
      other events deemed by Party A and Party D as threatening or unfavorable
      to their rights and interests.

            

    

    
      	
               
      

            	
              4)

            	
              Party
      C is in breach of any relevant agreement with Party A and Party D which
      will threaten the creditor rights of Party A and Party
  D.

            

    

    
      	
               
      

            	
              5)

            	
              Other
      circumstances that are deemed by Party A and Party D to be sufficient to
      threaten the creditor rights.

            

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      	
              3.

            	
              The
      Parties hereby agrees in particular, that in the event of occurrence of
      the said events resulting in satisfaction of the requirements of
      exercising the mortgage rights, Party B hereby irrevocably authorizes
      Party A and Party D to possess and dispose of the collateral mortgage or
      obtain the interest thereof like the rentals. The amounts obtained
      therefrom shall be used to repay the debts within the scope covered by the
      mortgage hereunder in priority.

            

    

    
      	
              4.

            	
              Unless
      otherwise provided hereunder, any amounts obtained from the disposal of
      the collateral mortgage shall be subject to the following sequences of
      repayment:

            

    

    
      	
               
      

            	
              1)

            	
              Costs
      for realization of the creditor’s
rights;

            

    

    
      	
               
      

            	
              2)

            	
              Interest,
      delayed repayment interest and liquidated
  damages;

            

    

    
      	
               
      

            	
              3)

            	
              The
      principal of the principal creditor’s
rights;

            

    

    
      	
               
      

            	
              4)

            	
              Other
      amounts unpaid by Party C

            

    

    
      	
              5.

            	
              In
      the event of the collateral mortgage being a real estate located in the
      high and new technology industrial park of Special Economic Zone of
      Shenzhen, the settlement of the collateral mortgage shall be subject to
      relevant regulations of the high and new technology industrial park of
      Special Economic Zone of Shenzhen.

            

    

    

    Article
9 Default and Settlement

    In the
event of any one of the following acts of Party B, Party A and Party D are
entitled to require Party B to rectify the default within a specific time limit,
provide a new mortgage, increase according mortgage, compensate the loss and
dispose of the collateral mortgage in advance.

    
      	
              1.

            	
              conceal
      of the situation of the collateral mortgage of co-ownership, dispute,
      sealing-up, seizure, leasing or having been
  mortgaged;

            

    

    
      	
              2.

            	
              failure
      to provide complete materials or true documents about the collateral
      mortgage as required by Party A and Party
D;

            

    

    
      	
              3.

            	
              disposal
      of the collateral mortgage without authorization of Party A and Party
      D;

            

    

    
      	
              4.

            	
              any
      actions or inactions impeding realization of the creditor’s rights and
      mortgage rights by Party A and Party
D;

            

    

    
      	
              5.

            	
              invalid
      mortgage caused by Party B;

            

    

    
      	
              6.

            	
              Party
      B or Party C’s breach of the articles of relevant
    contracts.

            

    

    

    Article
10 Registration and De-registration of the Collateral

    
      	
              1.

            	
              Party
      B is obliged to take this Agreement and relevant documents to complete the
      mortgage registration formalities promptly upon execution hereof and the
      right vouchers of the collateral mortgage will be under the custody of
      Party D instead during the mortgage
term.

            

    

    
      	
              2.

            	
              Materials
      for mortgage deregistration shall not be issued until Party A’s
      confirmation of full repayment of all the principal and interest of the
      loan by Party C or Party B. Party B agrees that Party C may obtain the
      abovementioned original of the ownership certificate of the collateral
      mortgage and conduct the mortgage deregistration matters
      instead.

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
 

    Article
11 Relevant Costs

    
      	
              1.

            	
              Party
      C shall assume the costs of storage fee, assessment fee, verification fee,
      insurance fee and notarization fee
hereunder.

            

    

    
      	
              2.

            	
              Party
      C shall repay the amounts that Party A and Party D has paid in advance due
      to Party C’s failure to pay off its payable amounts hereunder. Party A and
      Party D are entitled to claim interest calculated by the interest rate for
      current flow loan for the same level as regulated by People’s Bank of
      China starting from the date when Party A and Party D pay the said amounts
      in advance.

            

    

    
      	
              3.

            	
              Party
      C authorizes Party A and Party D to deduct the said amounts and interest
      from any accounts thereof.

            

    

    

    Article
12 Reservation of Rights

    Party B’s
delayed performance or any tolerance or grace period granted by Party A or Party
D on Party B’s any default or delayed performance during the performance term
hereof shall not impair, affect or restrict any and all the rights enjoyed by
Party A or Party D under this Agreement and relevant laws, or deemed as Party A
or Party D’s permission or tacit acceptance to any default, or deemed as a
waiver of the rights of Party A or Party D to take actions against the current
or future breach of Party B.

    

    Article
13 Notarization

    Party A,
Party B, Party C and Party D agree and confirm, that in the event of this
Agreement being notarized as a exercisable loan document, both Party A or Party
D are entitled to independently or jointly apply to the People’s Court for
execution by auction or sale of the collateral mortgage hereunder and use the
price therefrom for priority repayment if the Borrower fails to duly repay the
principal and interest of the loan or other payable amounts or breaches the
obligations hereunder. Party B agrees to accept the execution and waivers any
defense without any condition.

    

    Article
14 Supplement and Modification

    Any
modification or supplement hereto shall be conducted in writing.

    

    Article
15 Applicable Laws and Dispute Settlement

    This
Agreement is governed by the Laws of People’s Republic of China. The Parties may
negotiate to resolve the disputes arising out of the performance hereof;
provided negotiation fails to resolve the dispute, it may be resolved by 1st
means of followings:

    
      	
              1.

            	
              Litigation:
      initiate a legal action with the People’s Court of Shenzhen with
      jurisdiction;

            

    

    
      	
              2.

            	
              Arbitration:
      initiate an arbitration proceeding with the 
      arbitration organization of the followings and the effective arbitration
      rule of the arbitration organization when the application is filed is
      applicable:

            

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (1)

            	
              South
      China Sub-commission of China International Economic and Trade Arbitration
      Commission;

            

    

    
      	
               
      

            	
              (2)

            	
              Shenzhen
      Arbitration Commission

            

    

    

    Article
16 Effectiveness

    This
Agreement becomes effective upon execution and stamping by the authorized
signatories of the Parties (If the Party is a natural person, the Agreement
becomes effective upon execution.).

    

    Article
17 Schedules

    The list
of collateral, evidencing materials of the ownership of the collateral,
notarization documents, insurance policies are schedules of this Agreement
hereto.

    

    Article
18 Originals

    This
Agreement has five originals with
the same effect and force, and each of Parties and registration authority hold
one.

    

    Article
19 Declaration

    Upon
execution hereof, each party has no doubt on all the articles hereto and has
fully understood and comprehended the legal connotations of the articles
regarding rights, obligations and liabilities and the according legal
consequence.

    

    Article
20 Other Articles

    _________________________________________

    _________________________________________

    _________________________________________

    
      Article
21 List of Collateral

    

    
      Schedule
1 (Real Estate)

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 
      	 	
                                        Owner
      of the Real Estate

                                      	 	
                                        Number
      of the Real Estate

                                        Certificate

                                      	 	
                                        Name,
      Building Number and

                                        Room
      Number of the Real Estate

                                      
	
                                        1

                                      	 	
                                        Bu
      Falin

                                      	 	
                                        Shen
      Fang Di Zi

                                        No.5000200379

                                      	 	
                                        17D,
      Unit B, Building 1,

                                        Happiness
      Seashore, Block N15,

                                        Center
      Area, Bao’an District,

                                        Shenzhen

                                      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      Party A:
Shenzhen Branch of
Industrial Bank Co., Ltd.   (Official Stamp)

    

    
      Responsible
Person or Authorized Agent:  /s/ [illegible
signature]           (Signature)

    

    
      Signature
Date:                
 Year                 
Month                 
Day

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    
      Party
B1: Bu
Falin          (Official Stamp)

    

    
      Signatory
with Authorization:  /s/ Bu
Falin            (Signature)

    

    
      Signature
Date:                      Year                     
Month                     
Day

    

    

    
      Party C:
Feigeda Electronic
(SZ) Co., Ltd.   (Official Stamp)

    

    
      Signatory
with Authorization:  /s/ [illegible
signature]        (Signature)

    

    
      Signature
Date:                     
Year                     
Month                     
Day

    

    

    
      Party
D:  Shenzhen
Small & Medium Enterprises Credit Guarantee Centre Co., Ltd.(Official
Stamp)

    

    
      Signatory
with Authorization: /s/
[illegible signature]    (Signature)

    

    
      Signature
Date:                     
Year                     
Month                     
Day

    

    
      
         

      

      
        9

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