Document:

EXHIBIT 10.40

 Exhibit 10.40 
 Personal Loan Contract 
 HUA XIA BANK Co., Ltd 

Contract Number: FZ1191111090013 
  Party
A (Borrower): Fujian Province Baisha Fire Control Industrial Trading Co., Ltd 
  Type of Document and Number: ID 35050019540215007

 Address: #175 Linxia,Jiuhu town,Longhai City Fujian Province 
 Zip code: 36300 
 Home number: 0595-86278820 

Work location: Baisha Fire Control Worktrade Co., Ltd 
 Office number: 0595-86278875 
 HP number: 13906990888 

Party B (Lender): Hua Xia Bank Fuzhou Branch 
 Address: No 92 East Road Fuzhou 
 Zip code: 350001 

Legal responsibility/Responsible person: Daosheng Lin 
 Contact number: 0591-87666608 
 Fax number: 0591-87626587 

This Contract is entered compliance with the National law. The Party A has applies to the Party B for loan, Party B has reviews and agree with and after
reaching agreement through negotiations, hereby enter into this contract. 

 Article 1 
 Loan Category and Purpose of Loan 
 1.1 According to party A application, the Party
B agrees to provide following types of loan: 
 x personal vehicle loan 

x educations loan 
 x small amount consumption loan 
 x individual business loan 
 þ owner of private
company loan 
 x others
                                        
                                         
                                         
                       

1.2 The Party A shall use the loan to supplement liquidity of company, misappropriation or diversion shall not be allowed. 

Article 2 

Amount, Term and Interest of Loan 
 2.1 Loan amount( capitalized) RMB NINE MILLION AND FIVE HUNDRED THOUSDAND ONLY (¥9,500,000.00) 
 2.2 Term of loan is one year from Dec 28, 2009 to Dec 28, 2010. The actual term of loan is based on loan certificate. 
 2.3 Annual interest rate of this loan contract is 4.779%, started from the day loan obtains. 
 2.4 Before contract become effective, in case of change of interest by the People’s Bank of China, the new interest rate adjustment based on following contract 2.5. Upon contract become
effective, in case of change of interest by the People’s Bank of China, the new interest rate adjustment, according to following: 
 x the contract interest remain the same 
 þ the
adjustment of contract interest can be used from first period of interest paid in next year 
 x
the contract interest be adjusted annually, and can be used from first period of interests paid in next year. 
 x
                                         
                                         
                                         
                                         
         
 2.5 According 2.4, the interest rate of the loan shall float 10% based on the
benchmark rate down (up/down). 
 2.6 The penalties interest rate of loan contract will automatic make a properly adjustment when
interest rate have a changed, and can be used with loan interest rate of contract at same time. 
 2.7 Do adjustment based on above
rules, the Party B does not required agreement from Party A. 

  
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 Article 3 
 Loans 
 3.1 The Party A shall not cancel the authorized that total amounts of loan
will be deposited into following account in one time: Account name: Zhuge Zhuang , Bank: Hua Xia Bank Fuzhou Branch and Account number: 6226312310016278. 
 Article 4 
 Repayment of Loan 

4.1 The methods of repayment of loan are: 

x Payment in one time including principle and interests. Party A pays all of principle and interest in one
time at             year              month
             day. 
 x
The Party A pays the same amounts of principle and interest to the Party B for every periods, but the first and last period payment is calculated in the actual days. Calculation formula is: 

Pay amounts per period=         principle*interest rate*(1+interest rate)n

                      
                                      (1+interest
rate)n -1 

                         
                           p “n” means number of
periods 
 Equal principle and interest payment method, the day of principle and interest payment 

x Principle and interest of loan shall be settled month, the settle date should be the
twentieth day of every month, the day of last period of payment is the natural day of contact. 
 x Principle and interest of loan shall be settled three months, the settle date should be the twentieth day of three months, the day of last period of payment is the natural day of contact. 

x Equal principle payment method, loan interest payment by Party A will continually
decrease, as Party A pay the equal amount for every period, but the first and last period, payment amount is calculated by actual days. 

Payment per period=     principle     + principle- amount been paid)* int rate 

                         
             total periods 
 Equal principle payment method, the day of
principle and interest payment 
 x Principle and interest of loan shall be
settled month , the settle date should be the twentieth day of every month, the day of last period of payment is the mature day of contact. 
 x Principle and interest of loan t shall be settled three months , the settle date should be the twentieth day of three months, the day of last period of
payment is the mature day of contact. 
 þ Return principle at maturely day of
loan contract and pay interest for every period. The Party A shall return the principle at Dec 28, 2010. The interest is: 
 x Interest of loan shall be settled month, the settle date should be the twentieth day of every month. At the maturely day of loan, pay principle and interest in one time. 

  
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 þ Interest of loan shall be settled quarter,
the settle date should be the twentieth day of every quarter. At the maturely day of loan, pay principle and interest in one time. 
 x Others
                                        
                                         
                                         
                                         
      
 4.2 Adopting payment principle and interest at difference periods, the Party A shall based on above
formulation to make clear, the time, accuracy amount payment to Party B. 
 4.3 Prior to the repayment, the Party A shall deposit enough
principle and interest of loan to the indicate account, account number 6226312310016278, which are collected by Party B. 
 4.4 If Party
A did not pay principle and interest of loan on time, Party B is entitled to collect amounts from any account (including fixed deposit accounts) that was opened by Party A in Huaxiao bank. The amount collected by Party B, according to « Saving
management regulation » be considered as early withdraw from accounts, so the interest of deposit may be changed based on regulation, and any lost occurs only responded by Party A. 
 4.5 The Party A shall notify the Party B in writing within 5 days and agreed by Party B in writing, if the Party B plans payment at early maturity of the loan. Early payment amount calculated based
on information from original contract. The remains amount will be performed under new agreement. The Party A shall pay all interest of loan as he or she pay all principles to the Party B early payment of the loan. 

Article 5 

Guarantee of loan 

5.1 The guaranty type for the loan under this contract is: 
 x guarantor ____________ signed « personal guarantee contract » with Party B 
 x mortgagor ____________ signed « personal mortgage contract » with Party B 
 þ pledgor Zhuge Zhuang signed « personal pledge contract » with Party B 
 x Others
                                        
                                         
                                         
                   
 5.2 If the
creditor’s right of loan is belonging to the highest guaranty, should use one of following: 

x guarantor ____________ signed « personal the highest guarantee contract » with Party B

 x mortgagor ____________ signed « personal the highest mortgage contract » with
Party B 
 x pledgor ____________ signed « personal the highest pledge contract »
with Party B 
 x others
                                         
                                         
                                         
                      

  
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 Article 6 
 Right and Obligation of the Party A and Party B 
 6.1 The Party A shall provides
necessary documents and material as requested by Party B, and ensure the true, accurate, legal and effective of the documents and materials. 

6.2 The Party A shall use the loan as is prescribed in this contract, misappropriation or diversion shall not be allowed. 

6.3 The Party A shall repay the loan and interest on schedule 
 6.4 The Party A shall bear the cost on related expenses under this contract including legal services, insurance, evaluation, registration, and appraisal. 

6.5 The Party A shall provide personal occupation, income, expense, liability, guarantee and economic dispute with others as required by Party B.

 6.6 If loan contract with individual business and others who uses loan as operation purpose, the Party A shall coordinate with Party B
such as be surveyed at before to enter into loan contract, reviewed during the loan contract and inspected after loan contract, and provide following information as required, but not only limited: 

6.6.1 License, tax registration certificate; and relates qualification certificates issued by health or policy authorities. 

6.6.2 Industry and commerce administration costs, tax payment records; sales contract or invoices that can prove the scope of operations.

 6.6.3 Operation results and income situations 
 6.6.4 Occur lawsuit, arbitrations, administrative penalty and debt dispute with others 

6.6.5 situations of loan used under this contract. 
 6.7 The Party A shall inform the Party B in written within three days, when there is any other circumstances that may have significant adverse impact on the repay obligations under this contract,
for example, business outage, cancellation of registration, revocation of business license, illegal activities of the legal representative or main responsible person, serious difficulties in production and management, deteriorating financial
situation. 
 6.8 The Party A shall not use this loan to buy vehicle or any personal durable consumer goods to engage in illegal
activities. 
 6.9 The Party A assures that not occurring refuse to perform the obligations just because of dispute with other parties.

 6.10 The Party A shall notify the Party B in writing within seven days when change of location, correspondence address or business
scope and other matters 
 6.11 The Party B has right to know occupations, income situations, debts and provide guarantee and dispute
with others of Party A. 
 6.12 The Party A’s credit information (including, name, sex, ID, occupation, work, educations, status,
income and asset situation and other information that can reflect credit of Party A) and relates loan situation (including, loan amount, loan term, time, guaranty situation, loan used and return situation) can be recorded by Party B into controlling
department of bank, the people’s bank of China or other financial management institutions. 

  
 5 

 6.13 The Party B is entitled to release loan to the borrower according to the items in this contract.

 6.14 The Party B shall keeps confidentiality of occupation, income, expense, debts, guaranty and dispute with others that provide by
Party A. Except for should disclosed by law. 
 Article 7 

Breach of Contract 

7.1 Both Party A and Party B shall perform the obligations under loan contract, after contract become effective. Any party who do not perform the
obligations should to undertake responsibility of breach of contract. 
 7.2 The Party A fail to repay the loan on schedule, the Party B
is entitled penalty interest from the past due date, the penalty interest calculated as following: 

þ interest rate shall float up 50% on the agreed loan interest under this contract as a penalty interest.

 x penalty interest is ___%. 
 7.3 According 7.2 above penalty interest, the Party A should pay compound interest to the Party B until all of loan has been paid, if Party A fail payment on time. 

7.4 The Party A fail to use loan as is prescribed in this contract the, Party B is entitled penalty interest from the past due date. Interest rate
shall float up 50% on the agreed loan interest under this contract as a penalty interest. 
 7.5 The Party A fails to repay the loan on
time or use the loan as is prescribed in this contract. In these situations, overdue interest, penalty interest and compound interest are calculated and collected for monthly. 
 7.6 If the Party A breach the loan contract, it shall undertake the expense of pressing for repayment, legal costs (arbitration costs), preservation cost, proclamation cost, enforcement cost,
lawyer’s fee, appraisal fee, travel expense and other expenses paid by the Party B for realization of the Creditor’s right. 
 Article 8 
 Early Maturity of the Loan 

Should any of the following circumstances occurs, the Party B shall have the right to withhold the loan to be granted to the Party A under this Contract,
declare early maturity of the loan for the Borrower under this Contract and have a right to dispose pledge property or demand the guarantor to response the relevant obligations: 
 8.1.1 The Party A overdue any one of loan repayment under the loan contract. 
 8.1.2
The Party A be announced that disappear, lose the ability of civil conduct, prison and there is no inheritors after died or the inheritor refuse to perform the obligations of repayment. 
 8.13 The Party A’s or guarantor’s financial condition have a serious changed or involves any lawsuit, arbitration, administrative penalty that Party B believe would adverse influence the
ability to perform the obligations. 

  
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 8.1.4 Individual business and others who uses loan as operation purpose occur business outage,
revocation of business license, serious difficulties in production and management which would adverse impact on the repay obligations under this contract. 
 8.1.5 The Party A changes the purpose of loan by himself or herself. 
 8.1.6 The
Party A uses this loan to buy vehicle or any personal durable consumer goods to engage in illegal activities. 
 8.1.7 The purpose of
Party A’s loan is used to study, however, the party A quit school during studies, fired by school, or student pass is cancelled or could not finish studies because of some reasons. 
 8.18 The right of pledge that used by Party A or guarantor under loan of contract would be removed, sold, donated, transferred, or repeat pledged. 

8.19 The Party provides some false materials and concealing important facts, which maybe or has caused loss of loan. 

8.1.10 The Party A refuses or blocks the supervision and inspection of loan used circumstances by Party B. 

8.1.11 The Party A does not provide any new guaranty to Party B as the value of pledge property is decreased. 

8.1.12 The Party A or guarantor of this loan contract fails to perform the obligations and promises during the contract period, which would
influences the realization of the creditor’s right by Party B. 
 8.1.13 Guarantor of this loan contract breach other loan contract
or fails to perform the obligations and promises in the other loan contract, which could influences the realization of the Creditor’s right by Party B. 
 8.1.14 The Party A breach any one agreement in the loan contract, which Party B believes that could adverse influence the safety of the loan. 

Article 9 

The Contract Become Effective 
 9.1 The contract shall go into effect after signed by Party A and Party B. If guaranty provided in this contract, the party B have not obligations to release a loan to Party A until all of
guaranties procedures has been finished. 
 Article 10 

Agreement on Deduction 

10.1 Both parties shall not change or deducts contract by individually as the contract has became effective. Both parties shall make agreement in
writing, if the loan contract needs to change. 
 10.2 After the contract has became effective, the Party B can transfer partly or
completely of creditor’s right to the third party without any agrees from Party A, however, this transfer be invalid if Party A has not received notice from Party B. 
 10.3 After the contract has became effective, the Party A wish to transfer partly or completely of creditor’s right to the third party, it should submit notice in writing of the
guarantor’s agreement and agree continually to be a guarantor in the loan contract and receive consents in writing from Party B. 

  
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 10.4 The Party A shall notify the Party B in writing within fifteen days before maturely of the loan
contract, if the Party A wishes to extend loan contract. The extend loan contract signed between two parties after Party B reviewed and agreed extent loan contract. Whiles, Party A should pay all principles and interest based on the loan contract to
Party B who does not agrees extend loan contract with Party A. 
 Article 11 

Dispute Settlement 

11.1 Should any disputes happen in the process of performing the contract, all parties shall resolve them through consultations, the disputes
shall be subject to the following: 
 þ Lawsuit: submit to the People’s Court of the
location of the lender 
 x Arbitration: submit to _____________ (Full name of the arbitration
committee) following its arbitration principles. 
 Article 12 

Supplementary Provisions 

12.1 If Party A and Party B signs the contract « personal the highest loan contract » , account number: ____________,.

 12.2 During the valid period of the contract, the Party A’s name, address, contact methods has changed but has not notify to the
Party B. Hence, any materials and documents which sent by Party B based on information in the contract to Party A would be considered as has been delivered. 
 12.3 Others Agreement between Two Parties 

______________________________________________________________________________________________ 
 ______________________________________________________________________________________________ 

______________________________________________________________________________________________ 
 12.4 In the contract, adopt  ̈, ü in the  ̈ means
applicable, and × in the  ̈ means not applicable. 
 12.5 The contract bears two
copies, each of the Party A, the Party B shall hold one copy and be equally authentic. 
 12.6 Some relevant attachments as part of this
contract and be equally authentic. 
 12.7 Party B has ask Party A to fully and correctly understand the terms and conditions of this
loan agreement and has answered all of Party A’s questions regarding this loan agreement. Party A and Party B has no obligation to all the particulars 
 (There is no text in this page below) 

  
 8 

  

	
	 Party A (Signature)        /s/ Zhuge Zhuang

(or Attorney in fact)

	
	Date: 2009 Year 12 Month 28 Day
	
	

	
	
	Party B (Seal): /s/ Yanqin Wu
	
	 Responsible or authorized representative
     (or Attorney in fact)

	
	Date: 2009 Year 12 Month 28 Day

  
 9EXHIBIT 10.41

 Exhibit 10.41 
 Guaranteed Loan Contract 
 Contract Number: 90707120101892009071 

 Borrower: Fujian Province Baisha Fire Control Industrial Trading Co., Ltd 
  Lender: Nan’an Rural Cooperative Bank Meilin Branch 
 Surety: Huicheng Metal Co.,
Ltd. Fujian 
 This Contract is made in line with the National law, after reaching agreement through negotiations, hereby enter into this
contract. 
 Article one 
 Lender to the borrower issuing uniform the following loans 
  

	1.	Loan Amount:RMB(Capital) ¥3,000,000.00 

  

	2.	Purpose of Loan: Material Purchasing 

  

	3.	Life of loan : From 12 (mm) 30 (dd) 2009 (yy) To 8 (mm) 29 (dd) 2010 (yy) 

 (1) Refer to below diagram for life of loan and repayment. Annex with more information is regarded as part of this contract. 

 

																			
	 Loan
	 	  	 Repayment
	 
	 Year
	  	 Month
	  	 Day
	  	Amount	 	  	 Year
	  	 Month
	  	 Day
	  	Amount	 
	 2009
	  	12	  	30	  	¥	 3,000,000.00	  	  	2010	  	8	  	29	  	¥	 3,000,000.00	  

 Should there be any inconsistency in
the amount of loan, advance and payment due date between this contract and loan voucher, the loan voucher shall prevail. A certificate of indebtedness or a loan voucher is an integral part of this Contract, bearing the equal legal effect with this
contract. 
 4. Interest calculation and payment 
 (1) The interest rate of loan is monthly (monthly/year) rate, article ‚. 
 � Fixed interest rate. The rate is             . 

 ‚ Floating interest rate. It is floating (floating / down)
80% on the basis of the benchmark interest rate. In case of adjustment of benchmark interest rate, interest rate adjustment date is determined by the (3) way: (1) The new implementation date of the official benchmark rate after the benchmark
interest rate adjusted by the People’s Bank of China,. (2) The interest rate is adjusted every              months. Interest rate adjustment date is the corresponding date of
the value date of the month. If there is no corresponding date of the month, places the interest rate adjustment date on the last day of the month. (3) Other ways: adjusted quarterly 
 (2) Settle interest every quarter (year/quarter/month). The interest settlement date is the last month of per year(quarter)/the twentieth day of every month. 

(3) If the borrower repay in advanced and don’t change the interest rate, the lender is entitled to calculate and collect interest according to the
contract. 
 Article two 
 Rights and Obligations of the borrower 
  

	1.	The borrower is entitled to obtain and use the loan according to this contract. Without the approve of the lender, the borrower is not allowed to change the loan usage.

  

	2.	The borrower perform the obligation under the contract. 

  

	3.	The borrower ensure the financial statements true, complete and effective and supply the financial statements every quarter (month/quarter). The borrower supply the
bank, account number and other relevant information in accordance with the lender. 

  

	4.	The borrower must accept the lender’s inspection and supervision about his production, operation, financial activities, the use of loans, etc.

  

	5.	The borrower and the investor can not transfer assets maliciously, withdraw funds and transfer shares unauthorized to avoid the contract debt. 

 

	6.	The borrower should notify the lender in advance when it provides security for its other debts or others and the guarantee shall not affect the realization of the
creditor claims; without the written consent of the lender, the borrower can not provide security for other debt by the assets formed by the loan. 

  

	7.	The borrower must notify the lender in written form 30days in advance when it implements contracting, leasing, joint venture, joint-stock reform, merger, division,
transfer of assets, foreign investment and changing its business management or property organization by other reasons. The borrower must be approved by the lender and implement the measures of debt and repayment. Otherwise, the borrower isn’t
allowed to perform those acts. 

  

	8.	In addition to the above listed events, the borrower should inform the lender in written form 30 days in advance and implement the debt security measures approved by
the lender when there is any other circumstances that may have seriously adverse impact on the operation or contractual obligations performance. Such as business outage, cancellation of registration, revocation of business license, illegal
activities of the legal representative or main responsible person, significant litigation or arbitration involving, serious difficulties in production and management, deteriorating financial situation. 

 

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

  
 2 

  

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

 Article Three 
 Rights and Obligations of the lender 
  

	1.	The lender shall be entitled to ask the borrower for the production, operation, financial statements and other documents and inspect and supervise the production,
operation, financial activities, use of the loan, etc. 

  

	2.	The lender is entitled to ask the bank to transfer money from the borrower’s account to its own account directly for the payment under the contract. (This provides
the lender as the borrower’s authorization, without further authorization signed.) 

  

	3.	The lender lends the money according to the contract timely and fully. It is exceptional for non-lender reasons. 

 

	4.	The lender should keep the business secret of the borrower’s production and operation related at the request of the borrower and the surety. But It is not
including the lender’s internal use and state regulations. 

 Article Four 

After being allowed, the borrower can repay principal in advance. The borrower should apply in written form to the lender in advance for extention. If
the lender agrees with extension, the two sides should sign a renewal agreement. 
 Article Five 

Guarantee Commitments 
  

	1.	The surety is willing to provide security claims for the creditor’s rights arising between the lender and the borrower according to Article One of this contract.

  

	2.	The guarantee is jointly and severally obligation. If there are more than one surety under the contract, every surety assumes jointly and severally obligation.

  

	3.	The guarantee period is two years starting from the expiration of the debt performance; If the loan is extended, the surety continues to assume jointly and severally
obligation and the guarantee period is two years starting from the expiration of the debt performance after extension. In the event of laws and regulations or the contract matters, causing the debt under this contract was announced in advance due
the lender, the guarantee period is two years starting from the contract deadline that the lender announced. 

  

	4.	The guarantee range covers the principal, interest, penalty interest, liquidated damages, all the costs of realize claims and other accrued expenses (including but not
limited to legal fees, arbitration fees, property preservation fees, legal fees, travel expenses, the implementation of fees, assessment fees, auction fees) 

  
 3 

  

	5.	Lending terms of the contract some or all invalid, does not affect the validity of guarantee claims, the surety remains assuming the jointly and severally obligation of
debt caused by the property return or compensation. 

  

	6.	Whatever the borrower uses the loan to do, the surety is willing to assume jointly and severally liable for all debts guaranteed. The surety is obligated to supervise
the use of the borrower’s loan. 

  

	7.	The borrower ensure the financial statements true, complete and effective and supply the financial statements every quarter (month/quarter). The borrower supply the
bank, account number and other relevant information in accordance with the lender. 

  

	8.	The borrower must accept the lender’s inspection and supervision about his production, operation, financial activities, etc. 

 

	9.	The surety and the investor can not transfer assets maliciously, withdraw funds and transfer shares unauthorized to avoid the guarantee obligation.

  

	10.	The borrower should notify the lender in advance when it provides security for its other debts or others. If the new guarantee probably affects the guarantee obligation
under the contract, the borrower must be allowed by the lender through written form. 

  

	11.	The surety must notify the lender in written form 30days in advance when it implements of contracting, leasing, joint venture, joint-stock reform, merger, division,
transfer of assets, foreign investment and changing its business management or property organization by other reasons. The surety must be approved by the lender. Otherwise, the surety is forbidden to do the acts. 

 

	12.	In addition to the above listed events, the surety should inform the lender in written form 30 days in advance and implement the guarantee measures approved by the
lender when there is any other circumstances that may have seriously adverse impact on the guarantee obligations performance. Such as business outage, cancellation of registration, revocation of business license, illegal activities of the legal
representative or main responsible person, significant litigation or arbitration involving, serious difficulties in production and management, deteriorating financial situation, etc. 

 

	13.	If the lender transfer the claims, the surety remains assuming jointly and severally obligation in the guarantee period. 

 

	14.	The lender is entitled to ask the bank to transfer money from the surety’s account to its own account directly for the payment of implementing the guarantee
obligation. (This provides the lender as the surety’s authorization, without further authorization signed.) 

Article Six 

Guarantee Accountability 
  

	1.	One of the following circumstances occurring, the lender is entitled to ask the surety to fulfill guarantee obligation. If the payment is insufficient to pay off the
debt under this contract, the lender has the right to pay the money for repayment of principal, interest, penalty interest or related costs: 

  

	(1)	The debt performance of this contract expires, but the lender is not paid. The meaning of the expiration of the contract includes that the debt performance period
expires and the lender announced the debt under the contract expires in advance according to the event of laws and regulations or the contract matters. 

  
 4 

  

	(2)	The borrower, the surety is accepted the bankruptcy application by the people’s court 

 

	(3)	The borrower, the surety is withdrawn a business license, ordered to shut down or have other reasons for dissolution 

 

	(4)	The borrower, the surety dies or is declared missing or dead 

  

	(5)	The borrower, the surety breach the contract 

  

	(6)	Other serious situations affect the creditor 

  

	2.	The surety’s obligation won’t be remit when the borrower implements contracting, leasing, joint venture, joint-stock reform, merger, division, name and
principal change, changing its business management or property organization by other reasons. 

 Article Seven

 Liabilities for breach of contract 
 After the this contract entering into force, either party breach of contract should bear the corresponding legal responsibility and compensate the other party’s economic loss. 

 

	1.	Borrower Defaults 

  

	(1)	If the borrower doesn’t use the loan under the contract, the lender calculates the contract interest rate adding ____% from the date of default or in accordance
with daily interest rates/monthly interest rates/AIR. (If the People’s Bank adjusts the interest rate policy, its provisions.) 

 After the loan extended, if the borrower fails to use the loan under the contract, the lender adds % based on the rate after extension. 

 

	(2)	loans overdue 

 If the loans
overdue, calculates the contract interest rate based on the overdue penalty interest rate, adding 40% from the date of loans overdue, or in accordance with daily interest rates/monthly interest rates/AIR. (If the People’s Bank adjusts the
interest rate policy, its provisions.) 
 After the loan period extended, adds 40% based on the interest rate after extension
from the date of loan overdue. 
  

	(3)	The borrower fails to pay interest periodically, the part of loan unpaid interest calculates interest according to the overdue loan penalty rate.

  

	2.	When the borrower and the surety default, the lender has the right to request the deadline for correction; stop issuing loans this contract has not yet, collect the
loans still outstanding; the lender has the right to do credit sanctions, inform the relevant departments , units and the financial industry, announced the implementation of collection through the media to the people who avoids the lender for breach
of contract supervision. 

  

	3.	The borrower and the surety perform the obligations under t the contract, but the lender can not be scheduled, to provide full bandwidth to the borrower, In this case
,the borrower and guarantor can charge          of extreme based on daily interest rate according to the amount and extension of the number of days of default on interest rates imposed the extreme
penalty of 

  
 5 

 Article Eight 
 Other Terms 
 1. The lender is entitled to supply the borrower, the surety’s credit
information to the Chinese People’s Bank personal credit information database, enterprise credit information databases and the credit database established by credit department, And the lender is entitled to inquire the credit information of the
borrower and surety from the credit database or the relevant units, departments and individual. The information can be used limited according to the report issued by the People’s Bank of China “personal credit information database Interim
Measures,” “corporate credit information database based on Interim Measures”. 
 2. The borrower and the surety should notify the
lender in written form 10 days in advance when they apply to change name, legal representative, charter, address, business dull, registered capital and other matters. 
 3. The borrower and the surety should notify the lender in written form within 10 days after changing the contact side Otherwise, the lender contacting at the original notice shall be deemed the borrower,
the surety has been notified. 
 4.________________________________________________________________________________________________ 

__________________________________________________________________________________________________ 

__________________________________________________________________________________________________ 

__________________________________________________________________________________________________ 

Article Nine 
 Dispute Settlement 
 If there is a dispute in the performance of the contract, the parties
negotiated settlement can be a way to solve the dispute, you can solve the dispute as article one 
 1. The litigation. A lender domicile shall
have jurisdiction 
 2. The arbitration. Submitted __________________________ (the name of arbitration body) according to their rules of
arbitration. 
 In litigation or arbitration, the terms of the contract does not involve the dispute still has to be fulfilled. 

Article Ten 
 The
contract shall go into effect after signed or sealed by the borrower, the lender, the surety. 
 Article Eleven

 The contract bears three copies, each of the Borrower, the Lender the surety shall hold one copy. 

  
 6 

 Article Twelve 
 Terms statement 
  

	1.	The borrower and the surety is clearly aware of the lender’s business scope, authorization privileges. 

 

	2.	The borrower and the surety have read all the terms of this contract. the lender has given a detailed description of the terms of the contract. The borrower and the
surety understand fully the meaning of the terms of the contract and the corresponding legal consequences 

  

	3.	If the loans under the contract for the old borrowing, the surety has known and voluntarily guaranteed. 

 

	4.	The borrower and the surety has the right to sign the contract. 

 5. 

			
	 Borrower
  

Legal representative
 /s/ Zhuang Daqi

Authorized agent
	  	 Lender
 /s/ Nan’an Rural
Cooperative Bank Meilin Branch
 Legal representative
  

Authorized agent

		
	 Surety (signature)
  

Legal representative
  
 Authorized agent
	  	 Surety (signature)
  

Legal representative
  
 Authorized agent

		
	 Surety (signature)
  

Legal representative
  
 Authorized agent
	  	 Surety (signature)
  

Legal representative
  
 Authorized agent

  Date: 2009 Year 12
Month 30 Day 
 Location: Meilin Branch 

  
 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}]]