Document:

Equity
      Transfer Agreement
       

    This
      agreement is entered into by and between Dalian Lida Environmental Engineering
      Co., Ltd. (hereinafter referred to as “transferor” )and Dalian Dongtai
      Industrial Waste Treatment Co., Ltd. (hereinafter referred to as “transferor” )
      on
      July
      10 2007
      in
      Dalian, P.R.C. 

     

    Party
      A
      (transferor): Dalian Lida Environmental Engineering Co., Ltd. 

     

    Party
      B
      (transferee): Dalian Dongtai Industrial Waste Treatment Co., Ltd.

     

    
      	
              Whereas

            
	
              1. 
                    

            	
              Dalian
                Dongtai Xiajiahe Waste Water Recycling Co., Ltd. (hereinafter referred
                to
                as “Dongtai Water”) is a company incorporated under the People’s Republic
                of China and having its registered office at Xiajiahe Village, Gezhenpu,
                Ganjingzi District, Dalain. Its registered number is
                D.G.S.Q.F.Z.2102001108052.The registered capital of Dongtai Water
                is ¥14,000,000.

            
	
               

            
	
              2. 
                    

            	
              The
                transferor is a legal sharehold of Dongtai Water on the date which
                the
                agreement undersigned and it invested å11,480,000 in Dongtai Water which
                accounted for 82% of its registered capital.

            
	
               

            
	
              3. 
                    

            	
              Upon
                friendly negotiation between transferor and transferee, both parties
                agrees that the transferor transfer 62% of the share it holds to
                transferee by entering into this agreement on equal and voluntary
basis.
                

            
	
               

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    Definitions:
      

     

    As
      used
      in this agreement, the following terms shall have the meanings set
      forth
      below unless otherwise specified therein: 

     

    
      	
              1. 
                    

            	
              Equity:
                All rights for shareholder by virtue of rendering registered capital
                and
                therefore become a shareholder of a company under the laws of P.R.
                China
                includes, but not limited to rights on beneficial interest, material
                decision-making and chosen of administrative
                representatives.

            
	
               

            
	
              2. 
                    

            	
              Effective
                Date �F
                The date on which this agreement become valid legally and binding
                to both
                parties.

            
	
               

            
	
              3. 
                    

            	
              Execution
                Date: The date on which this agreement is undersigned by legal
                representatives of each party and sealed.

            
	
               

            
	
              4. 
                    

            	
              Registered
                Capital: The total investment registered with regulatory
                authority.

            
	
               

            
	
              5. 
                    

            	
              Subject-matter
                of contract: 62% shares of Dongtai Water held by
                transferor.

            
	
               

            
	
              6. 
                    

            	
              Laws
                and regulations: Laws and regulations had been issued before the
                effective
                date of this agreement by central government of P.R.C. and/or individual
                divisions of central government includes, but not limited to Company
                Law
                of P.R. China and Contract Law of
                P.R.China.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    NOW,
      THEREFORE, THE PARTIES HAVE AGREED AS FOLLOWS: 

     

    
      	1.	
              Transfer
                of interest 

            

    

     

    
      	1.1	
              Subject
                -matter of contract

            

    

     

    Transferor
      will transfer 62% shares of Dongtai Water held by it to transferee.
      

     

    
      	1.2	
              Base
                day 

            

    

     

    The
      base
      day is set as of
      June
      30 2007 

     

    
      	1.3	
              Transfer
                price: ¥86,800,000
                

            

    

     

    
      	1.4	
              Deadline:
                

            

    

     

    Transferee
      should pay transferor in full within
      five
days
      upon
      the effective date herein whereas transferor should issue and deliver invoice
      to
      transferor within
      five
days
      upon
      full payment made by the contra-party. 

     

    
      
        2.
          Acknowledgements and warranties

      

    

     

    
      2.1 
        Transferor acknowledges and warrants that 

    

     

    
      	
              2.1.1 
                    

            	
              The
                transferor is the sole legal owner of the subject-matter of contract
                and is qualified to disposal of the subject-matter of contract.
                

            
	
               

            

    

    
      	
              2.1.2 
                    

            	
              The
                transferor has never signed legal documents in any form or disposed
                full
                or part of subject-matter of contract herein in any form permitted
                by Law
                of P.R.China, which includes, but not limited
                to impawn, transfer, trust, release full or part of rights arising
                from
                subject-matter of contract.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              2.1.3 
                    

            	
              Transferor
                shall not undersign legal document with third party in any form or
                disposed full or part of subject-matter of contract herein in any
                form
                permitted by Law of P.R.China, which includes, but not limited to
                impawn,
                transfer, trust, release full or part of rights arising from
                subject-matter of contract after the signing of the agreement
                herein.

            
	
               

            
	
              2.1.4 
                    

            	
              Transferor
                warrants that the subject-matter of contract is in accordance with
                regulatory laws for transferring on and after the sign of the agreement
                herein and no restrictions by virtue of transferor or any other third
                party will hinder share transfer, which includes, but not limited
                to
                frozen measures applicable to subject-matter of contract herein conducted
                by judicial body.

            
	
               

            
	
              2.1.5 
                    

            	
              Transferor
                warrants offering active assistance to transferee upon signing of
                this
                agreement includes, but not limited to modification of company bylaw,
                reconstruction of Board of Directors, filing amendment documents
                with
                relating authorities.

            
	
               

            
	
              2.1.6 
                    

            	
              Transferor
                warrants offering full set of documents and information of Dongtai
                Waster
                includes, but not limited to financial positions, operating conditions,
                project development.

            
	
               

            
	
              2.1.7 
                    

            	
              Transferor
                warrants all licenses, approvals and authorizations that are
                necessary to operation of Dongtai Water prior to transfer between
                transferor and transferee are still valid and there is no potential
                risks
                relating to all invalidity of these documents preceding the
                transfer.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              2.1.8 
                    

            	
              Transferor
                warrants there are no existing or contingent liabilities other than
                those
                explicitly indicated.

            
	
               

            
	
              2.1.9 
                    

            	
              Transferor
                warrants bearing all litigations or arbitrations arising from affairs
                occur prior to the closing date.

            
	
               

            
	
              2.2 
                    

            	
              Transferee
                acknowledges and warrants

            
	
               

            
	
              2.2.1 
                    

            	
              Transferee
                is in consistence with regulatory laws as to accept subject-matter
                of contract prior to transfer and therefore there is no restriction
                by
                virtue of transferee will hinder the share transfer.
                

            

    

     

    
      	2.2.2	
              Transferee
                has sufficient fund to purchase subject-matter of contract and it
                will
                make the payment to transferor at transfer price as stated in the
                agreement. 

            

    

    
       

      
        3Rights
          and Obligations

      

    

      

    
      
        
          	3.1	
                  From
                    the effective date of this agreement, transferor will lose 62%
                    of Dongtai
                    Water shares and will no longer have rights and/or obligations
                    on this
                    part of ownership. Transferee will have benefits on new proportion
                    of
                    Dongtai Water share and corresponding
                    obligations under relating laws of P.R.China and bylaws of Dongtai
                    Water.

                

        

      

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
       

      
        
          	3.2	
                  Within
                    three days upon sign of this agreement, transferor and transferee
                    should
                    convene Board Meeting and shareholders Meeting to inspect and
                    approve
                    modifications made to company
                    bylaws.

                

        

        
          	 	 

        

        
          	
                  3.3

                	
                  Within
                    thrity
                    days
                    upon sign of this agreement, transferor and  transferee
                    should jointly perform reorganization of board of  directors
                    and complete all legal documents as to share transfer. 
                    

                

        

        
          	 	 

        

        
          	3.4	
                  Dongtai
                    Water shall register with Industrial and Commercial Administration
                    Bureau
                    relating to this share transfer under item 3.3  herein
                    in accordance with regulatory laws on
                    time.

                

        

         

        4. Confidential
          Information 

         

        
          	4.1	
                  This
                    transfer agreement is strictly confidential between the parties
                    and neither
                    of them shall disclose information obtained through the agreement
                    includes
                    but not limited to operating conditions, financial positions,
                    trade
                    secret, know how of transferor, transferee and Dongtai Water
                    to other
                    party, except where and to the extent it is necessary under explicitly
                    stated by regulatory laws or relating authority.
                    

                

        

      

    

     

    
      	4.2	
              Transferor
                and transferee shall make the transfer transaction publicly available
                in unified form to ensure none of the parties experience damage in
                goodwill. The parties shall at all times treat as confidential and
                not
                disclose to any third party without the prior consent of the other
                neither
                in oral or written manner. 

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
       

      
        5.
          Validation of Agreement 

      

    

    
      	
               

            
	
              5.1 
                    

            	
              The
                effective date shall be the day on which all following documents
                are
                finished:

            
	
               

            
	
              5.1.1 
                    

            	
              This
                agreement will come into force on the date stated at the beginning
                of this
                agreement upon signature.

            

    

     

    
      	
              5.1.2 
                    

            	
              Transferor
                shall fulfill all responsibilities to transferee prior to the effective
                date as indicated herein.

            
	
               

            
	
              5.1.3 
                    

            	
              Transferee
                shall fulfill all responsibilities to transferor prior to the effective
                date as indicated herein.

            

    

    
       

      6.Force
        Majeure

    

    
      	
               

            
	
              6.1 
                    

            	
              Force
                majeure means any foreseeable events (hereinafter referred to as
“event”
                or “events”) beyond the parties' control which prevent the performance of
                any obligation under this contract. Force majeure includes, but is
                not
                limited to, strike, embargo, acts of government, riots, war, whether
                declared or not declared, mobilization and requisition, fires,
                floods�D

            
	
               

            
	
              6.2 
                    

            	
              Should
                any party be directly prevented from performing this contract
                or be delayed in performing this contract by any event of force
                majeure, the affected Party may suspend but the suspending period
                shall be
                equal to how long the unforeseeable event last. The party delayed
                by such
                event shall notify the other party without delay within two
                days
                in written thereafter, provide detailed information regarding the
                events
                of force majeure and sufficient proof thereof, explaining the reason
                for
                its inability to perform or the delay in the performance of this
                contract.
                The party place such notice shall minimize the influence and potential
                losses caused by the event to best of its
                ability.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        	6.3	
                Shall
                  disputation arising from the occurrence of event herein or impact
                  on
                  performance of this agreement caused by event between the parties,
                  the
                  party who applies for suspension is obliged to the burden of
                  proof.

              

      

      
        	 	 

      

      
        	6.4	
                In
                  accordance with influence of Force Majeure, the party could not
                  perform
                  this agreement may exempt partially or fully from liability by
                  virtue of
                  Force Majeure. The party will not be free of liability in case
                  the event
                  occurs after the postponement.

              

      

      
         

        7.
          Breach 

      

      
        	 	 

      

      
        	7.1	
                Shall
                  any party herein in breach of acknowledgements, warrants and
                  other obligations, it shall bear the liability and make indemnities
                  to the
                  other party if there are losses caused by it. The indemnities includes,
                  but not limited to all expenses of proceedings
                  and solicitors.

              

      

      
        	 	 

      

      
        	7.2	
                If
                  transferor in breach of any obligation, acknowledgements and warrants
                  of
                  the agreement, it shall pay the penalty ( % of total transfer price)
                  to
                  transferee. If transferor can not transfer subject-matter of contract
                  to
                  transferee, it shall refund all payment make to transferor and
                  render
                  indemnities all direct and indirect losses to transferee, which
                  includes,
                  but not limited to all expenses of proceedings and solicitors for
                  this)

              

      

      
        	 	 

      

      
        	7.3	
                If
                  transferee in breach of any obligation, acknowledgements and warrants
                  of
                  the agreement, it shall pay the penalty ( % of total transfer price)
                  to
                  transferor. Transferee renders indemnities all direct and indirect
                  losses
                  to transferee, which includes, but not limited to all expenses
                  of
                  proceedings and solicitors for
                  this)

              

      

      
        	 	 

      

      
        	7.4	
                Shall
                  transferee unilaterally terminate this agreement after effective
                  date
                  illegally, transferor maintains the right to require penalty (%
                  of total
                  transfer price). Shall transferor unilaterally terminate this agreement
                  after effective date illegally, transferee maintains the right
                  to require
                  penalty (% of total transfer
                  price).

              

      

      
        	 	 

      

      
        	7.5 	
                Transferee
                  remains the right to terminate this agreement if the transferor
                  did not
                  assist transferee complete all legal procedures includes, but not
                  limited
                  to registration of modification within days after this agreement
                  come into
                  force. Transferor should refund
                  all fund paid by transferee and render indemnities of all direct
                  or
                  indirect losses arising from this includes, but not limited to
                  all
                  expenses of proceedings and solicitors for this.
                  

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        8.
          Miscellaneous 

      

       

      
        	8.1	
                Amendment
                  of Agreement 

              

      

       

      
        Amendment
          of this agreement requires consent in written of both parties shall. Contents
          experience modifications and added to together consist of this agreement.
          

      

       

        
          	8.2	
                  Partition
                    ability 

                

        

      

        

    

    If
      any
      provision of this agreement is held to be invalid by court or arbitration of
      competent jurisdiction, it will not affect the enforceability of other
      provisions hereof. 

     

    
      	8.3	
              Integrity
                of the agreement 

            

    

     

    This
      agreement consists of all statement and conventions and consequently, it will
      take place of all verbal or written statements, warrants, understandings and
      conventions made before sign of this agreement covers identical contents herein.
      Both parties acknowledge any statement or guarantees that not explicitly
      expressed in this agreement will not compose a base of this agreement and
      therefore can not be legislative authority for determination of rights and
      obligations of the parties hereto and interpretation of agreement provisions
      and
      conditions. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	8.4	
              Disputation
                Resolution 

            

    

     

    The
      parties hereto shall, first of all, settle any dispute arising from or in
      connection with the agreement by friendly negotiations. Should such negotiations
      fail, such dispute may be referred to the People’s Court having jurisdiction on
      such dispute for settlement. 

     

    
      	8.5	
              Appendices
                

            

    

     

    The
      following documents are attached to this agreement and should have the
      same
      legal binding force with the agreement. 

     

    
      	8.6	
              Miscellaneous
                

            

    

     

    This
      agreement shall be held in copies of the same form having equal legal binding
      force and each party shall preserve two copies. One copy shall be filed to
      regulatory authority. 

     

    
      	
              Signatory
                Parties:  

            	
               

            	
               
                

            
	 	 	 
	
              Transferor: 
                

            	
               

            	
              Transferee: 
                

            
	
              Legal
                Representative:  

            	
               

            	
              Legal
                Representative:  

            
	
              (or
                authorized representative)  

            	
               

            	
              (or
                authorized representative)  

            

    

    

    Date:
      July 10 2007Unassociated Document

    

      Equity
        Transfer Agreement

       

      This
        agreement is entered into by and between Dalian Dongtai Investement Co.,
        Ltd.
        (hereinafter referred to as “transferor” )and Dalian Dongtai Industrial Waste
        Treatment Co., Ltd. (hereinafter referred to as “transferor” ) on
        Auguest 6th, 2007 in
        Dalian, P.R.C. 

       

      Party
        A
        (transferor): Dalian Dongtai Investement Co., Ltd. 

       

      Party
        B
        (transferee): Dalian Dongtai Industrial Waste Treatment Co., Ltd.

       

      Whereas

       

      
        	1.	
                Dalian
                  Zhuorui Resource Recycling Co., Ltd. (hereinafter referred to as
“Dalian
                  Zhuorui”) is a company incorporated under the People’s Republic of China
                  and having its registered office at Dalian Huayuankou Industrial
                  Park,
                  Dalain. Its registered number is Z.G.S.Q.F.Z.2102832101495.The
                  registered
                  capital of Dalian Zhuorui is ¥10,000,000.

              

      

       

      
        	2.	
                The
                  transferor is a legal shareholder of Dalian Zhuorui on the date
                  which the
                  agreement undersigned and it invested ¥10,000,000
                  in Dalian Zhuorui which accounted for 100% of its registered
                  capital.

              

      

       

      
        	3.	
                Upon
                  friendly negotiation between transferor and transferee, both parties
                  agrees that the transferor transfer 70% of the share it holds to
                  transferee by entering into this agreement on equal and voluntary
                  basis.
                  

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Definitions:
        

       

      As
        used
        in this agreement, the following terms shall have the meanings set
        forth
        below unless otherwise specified therein: 

       

      
        	1.	
                Equity:
                  All rights for shareholder by virtue of rendering registered capital
                  and
                  therefore become a shareholder of a company under the laws of P.R.
                  China
                  includes, but not limited to rights on beneficial interest, material
                  decision-making and chosen of administrative
                  representatives.

              

      

       

      
        	2.	
                Effective
                  Date:The
                  date on which this agreement become valid legally and binding to
                  both
                  parties.

              

      

       

      
        	3.	
                Execution
                  Date: The date on which this agreement is undersigned by legal
                  representatives of each party and
                  sealed.

              

      

       

      
        	4.	
                Registered
                  Capital: The total investment registered with regulatory
                  authority.

              

      

       

      
        	5.	
                Subject-matter
                  of contract: 70% shares of Dalian Zhuorui held by
                  transferor.

              

      

       

      
        	6.	
                Laws
                  and regulations: Laws and regulations had been issued before the
                  effective
                  date of this agreement by central government of P.R.C. and/or individual
                  divisions of central government includes, but not limited to Company
                  Law
                  of P.R. China and Contract Law of
                  P.R.China.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      NOW,
        THEREFORE, THE PARTIES HAVE AGREED AS FOLLOWS: 

       

      1.
        Transfer of interest 

       

      
        	1.1	
                Subject
                  -matter of contract 

              

      

       

      Transferor
        will transfer 70% shares of Dalian Zhuorui held by it to transferee.
        

       

      
        	1.2	
                Base
                  day 

              

      

       

      The
        base
        day is set as of
        July
        31th,
        2007

       

      
        	1.3	
                Deadline:
                  

              

      

       

      Transferee
        should pay transferor in full within
        three
days
        upon
        the effective date herein whereas transferor should issue and deliver receipt
        to
        transferor within
        five
days
        upon
        full payment made by the contra-party and the equity transfer has been approved.
        

       

      2.
        Acknowledgements and warranties 

       

      
        	2.1	
                Transferor
                  acknowledges and warrants that

              

      

       

      
        	2.1.1	
                The
                  transferor is the sole legal owner of the subject-matter of contract
                  and
                  is qualified to disposal of the subject-matter of
                  contract.

              

      

       

      
        	2.1.2	
                The
                  transferor has never signed legal documents in any form or disposed
                  full
                  or part of subject-matter of contract herein in any form permitted
                  by Law
                  of P.R.China, which includes, but not limited to impawn, transfer,
                  trust,
                  release full or part of rights arising
                  from subject-matter of contract.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	2.1.3	
                Transferor
                  shall not undersign legal document with third party in any form
                  or
                  disposed full or part of subject-matter of contract herein in any
                  form
                  permitted by Law of P.R.China, which includes, but not limited
                  to impawn,
                  transfer, trust, release full or part of rights arising from
                  subject-matter of contract after the signing of the agreement
                  herein.

              

      

       

      
        	2.1.4	
                Transferor
                  warrants that the subject-matter of contract is in accordance with
                  regulatory laws for transferring on and after the sign of the agreement
                  herein and no restrictions by virtue of transferor or any other
                  third
                  party will hinder share transfer, which includes, but not limited
                  to
                  frozen measures applicable to subject-matter of contract herein
                  conducted
                  by judicial body.

              

      

       

      
        	2.1.5	
                Transferor
                  warrants offering active assistance to transferee upon signing
                  of this
                  agreement includes, but not limited to modification of company
                  bylaw,
                  reconstruction of Board of Directors, filing amendment documents
                  with
                  relating authorities.

              

      

       

      
        	2.1.6	
                Transferor
                  warrants offering full set of documents and information of Dalian
                  Zhuorui
                  includes, but not limited to financial positions, operating conditions,
                  project development.

              

      

       

      
        	2.1.7	
                Transferor
                  warrants all licenses, approvals and authorizations that are necessary
                  to
                  operation of Dalian Zhuorui prior to transfer between
                  transferor and transferee are still valid and there is no potential
                  risks
                  relating to all invalidity of these documents preceding the
                  transfer.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	2.1.8	
                Transferor
                  warrants there are no existing or contingent liabilities other
                  than those
                  explicitly indicated.

              

      

       

      
        	2.1.9	
                Transferor
                  warrants bearing all litigations or arbitrations arising from affairs
                  occur prior to the closing date.

              

      

       

      
        	2.2	
                Transferee
                  acknowledges and warrants

              

      

       

      
        	2.2.1	
                Transferee
                  is in consistence with regulatory laws as to accept subject-matter
                  of
                  contract prior to transfer and therefore there is no restriction
                  by virtue
                  of transferee will hinder the share
                  transfer.

              

      

       

      
        
          	2.2.2	
                  Transferee
                    has sufficient fund to purchase subject-matter of contract
                    and it will make the payment to transferor at transfer price
                    as
                    stated in
                    the agreement. 

                

        

      

       

      3
        Rights
        and Obligations

       

      
        
          	3.1	
                  From
                    the effective date of this agreement, transferor will lose 70%
                    of Dalian
                    Zhuorui shares and will no longer have rights and/or obligations
                    on this
                    part of ownership. Transferee will have benefits on new proportion
                    of
                    Dalian Zhuorui share and corresponding obligations under relating
                    laws of
                    P.R.China and bylaws
                    of Dalian Zhuorui.

                

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	3.2	
                Within
                  thirty
                  days
                  upon sign of this agreement, transferor and transferee should convene
                  Board Meeting and shareholders Meeting to inspect and approve
                  modifications made to company
                  bylaws.

              

      

       

      
        	3.3	
                Within
                  thrity
                  days
                  upon sign of this agreement, transferor and transferee should jointly
                  perform reorganization of board of directors and complete all legal
                  documents as to share transfer.

              

      

       

      
        	3.4	
                Dalian
                  Zhuorui shall register with Industrial and Commercial Administration
                  Bureau relating to this share transfer under item 3.3
                  herein
                  in accordance with regulatory laws on
                  time.

              

      

       

      
        4.
          Confidential
          Information

      

       

      
        
          	4.1	
                  This
                    transfer agreement is strictly confidential between the parties
                    and
                    neither
                    of them shall disclose information obtained through the agreement
                    includes
                    but not limited to operating conditions, financial positions,
                    trade
                    secret, know how of transferor, transferee and Dalian Zhuorui
                    to other
                    party, except where and to the extent it is necessary under explicitly
                    stated by regulatory laws or relating authority.
                    

                

        

         

      

      
        	
                4.2

              	
                Transferor
                  and transferee shall make the transfer transaction publicly available
                  in
                  unified form to ensure none of the parties experience damage in
                  goodwill.
                  The parties shall at all times treat as confidential and not disclose
                  to any third party without the prior consent of the other neither
                  in
                  oral
                  or written manner. 

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        5.
          Validation of
          Agreement 

      

       

      
        	5.1	
                The
                  effective date shall be the day on which all following documents
                  are
                  finished: 

              

      

       

      
        	5.1.1	
                This
                  agreement will come into force on the date stated at the beginning
                  of this
                  agreement upon signature.

              

      

       

      
        	5.1.2	
                Transferor
                  shall fulfill all responsibilities to transferee prior to the effective
                  date as indicated herein.

              

      

       

      
        	5.1.3	
                Transferee
                  shall fulfill all responsibilities to transferor prior to the effective
                  date as indicated herein.

              

      

       

      6. Force
        Majeure

       

      
        	6.1	
                Force
                  majeure means any foreseeable events (hereinafter referred to as
“event”
                  or “events”) beyond the parties' control which prevent the performance of
                  any obligation under this contract. Force majeure includes, but
                  is not
                  limited to, strike, embargo, acts of government, riots, war, whether
                  declared or not declared, mobilization and requisition, fires,
                  floods.

              

      

       

      
        	6.2	
                Should
                  any party be directly prevented from performing this contract or
                  be
                  delayed in performing this contract by any event of force
                  majeure, the affected Party may suspend but the
                  suspending period
                  shall be equal to how long the unforeseeable event last. The party
                  delayed
                  by such event shall notify the other party without delay within
                  thirty
                  days
                  in written thereafter, provide detailed information regarding the
                  events
                  of force majeure and sufficient proof thereof, explaining the reason
                  for
                  its inability to perform or the delay in the performance of this
                  contract.
                  The party place such notice shall minimize the influence and potential
                  losses caused by the event to best of its
                  ability.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	6.3	
                Shall
                  disputation arising from the occurrence of event herein or impact
                  on
                  performance of this agreement caused by event between the parties,
                  the
                  party who applies for suspension is obliged to the burden of
                  proof.

              

      

       

      
        	6.4	
                In
                  accordance with influence of Force Majeure, the party could not
                  perform
                  this agreement may exempt partially or fully from liability by
                  virtue of
                  Force Majeure. The party will not be free of liability in case
                  the event
                  occurs after the postponement.

              

      

       

      7.
        Breach

       

      
        	7.1	
                Shall
                  any party herein in breach of acknowledgements, warrants and
                  other obligations, it shall bear the liability and make indemnities
                  to the
                  other party if there are losses caused by it. The indemnities includes,
                  but not limited to all expenses of proceedings and solicitors.
                  

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	7.2	
                If
                  transferor in breach of any obligation, acknowledgements and warrants
                  of
                  the agreement, it shall pay the penalty (20% of total transfer
                  price) to
                  transferee. If transferor can not transfer subject-matter of contract
                  to
                  transferee, it shall refund all payment make to transferor and
                  render
                  indemnities all direct and indirect losses to transferee, which
                  includes,
                  but not limited to all expenses of proceedings and solicitors for
                  this)

              

      

       

      
        	7.3	
                If
                  transferee in breach of any obligation, acknowledgements and warrants
                  of
                  the agreement, it shall pay the penalty (20% of total transfer
                  price) to
                  transferor. Transferee renders indemnities all direct and indirect
                  losses
                  to transferee, which includes, but not limited to all expenses
                  of
                  proceedings and solicitors for
                  this)

              

      

       

      
        	7.4	
                Shall
                  transferee unilaterally terminate this agreement after effective
                  date
                  illegally, transferor maintains the right to require penalty (20%
                  of total
                  transfer price). Shall transferor unilaterally terminate this agreement
                  after effective date illegally, transferee maintains the right
                  to require
                  penalty (20% of total transfer
                  price).

              

      

       

      
        
          	7.5	
                  Transferee
                    remains the right to terminate this agreement if the transferor
                    did not
                    assist transferee complete all legal procedures includes, but
                    not limited
                    to registration of modification within days after this agreement
                    come into
                    force. Transferor should refund
                    all fund paid by transferee and render indemnities of all direct
                    or
                    indirect losses arising from this includes, but not limited to
                    all
                    expenses of proceedings and solicitors for this.
                    

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

      

      8. Miscellaneous

       

      
        	8.1	
                Amendment
                  of Agreement

              

      

       

      Amendment
        of this agreement requires consent in written of both parties shall. Contents
        experience modifications and added to together consist of this agreement.
        

       

      
        	8.2	
                Partition
                  ability 

              

      

       

      If
        any
        provision of this agreement is held to be invalid by court or arbitration
        of
        competent jurisdiction, it will not affect the enforceability of other
        provisions hereof. 

       

      
        	8.3	
                Integrity
                  of the agreement 

              

      

       

      This
        agreement consists of all statement and conventions and consequently, it
        will
        take place of all verbal or written statements, warrants, understandings
        and
        conventions made before sign of this agreement covers identical contents
        herein.
        Both parties acknowledge any statement or guarantees that not explicitly
        expressed in this agreement will not compose a base of this agreement and
        therefore can not be legislative authority for determination of rights and
        obligations of the parties hereto and interpretation of agreement provisions
        and
        conditions. 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	8.4	
                Disputation
                  Resolution 

              

      

       

      The
        parties hereto shall, first of all, settle any dispute arising from or in
        connection with the agreement by friendly negotiations. Should such negotiations
        fail, such dispute may be referred to the People’s Court having jurisdiction on
        such dispute for settlement. 

       

      
        	8.5	
                Appendices
                  

              

      

       

      The
        following documents are attached to this agreement and should have the
        same
        legal binding force with the agreement. 

       

      
        	8.6	
                Miscellaneous
                  

              

      

       

      This
        agreement shall be held in six copies of the same form having equal legal
        binding force and each party shall preserve two copies. One copy shall be
        kept
        for filing and one copy shall be filed to regulatory authority. 

      

        
          	
                  Signatory
                    Parties:

                	 
	 	 
	
                  Transferor:

                	
                  Transferee:

                
	
                  Legal
                    Representative:

                	
                  Legal
                    Representative:

                
	
                  (or
                    authorized representative)

                	
                  (or
                    authorized representative)

                

        

         

        
          Date:
            August 6th,
            2007

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