Document:

House
      Sales Contract

    

    Party
      A (Bargainor): Zhao Xiaoxi

    

    Party
      B (Bargainee): Shaanxi Jialong Hi-Tech Industrial Co., Ltd

    

    According
      to the Contract
      Law of the People's Republic of China,
      The
      laws of the People’s Republic of China on Urban Real Estate Administration and
      other relevant laws and rules,
      the
      bargainor and bargainee have hereby concluded the agreement for sale of the
      housing as follows on the basis of equality, free will and mutual
      consultation:

    

    Clause
      One: Basic Information About the House

    The
      house
      locates at Room 2308, 23/F, Suit B, Building 1 of Huajing Square, No.20 Fenghui
      South Road, High-Tech Development Zone, Xi’an City, Shaanxi Province with the
      construction area of 149.33m2
      (Refer
      to
      the attached House Floor Plan).

    

    Clause
      Two: Contract Price

    The
      purchasing price of the house shall be RMB776,
      516.00Yuan (In words: RMB Seven Hundred and Seventy-six Thousand Five Hundred
      and Sixteen Yuan Only). 

    

    Clause
      Three: Mode and Term of the Payment 

    Mode
      of
      Payment: Party B shall pay in full the total house price on
      April
      10th,
      2007.
Party
      A
      shall issue a receipt to Party B after collecting all the payment.

    

    Clause
      Four: Party B’s Responsibility of Violating the Contract by Overdue
      Payment

    If
      Party
      B fails to pay the house price on time, as per day delay, Party B shall pay
      0.1% of
      the
      total house price as violating fine to Party A.

    

    Clause
      Five: Delivery the House 

    Party
      A
      shall empty and deliver the house to Party B prior to April
      6th,
      2007
and
      hand
      on the house property certificate and relevant payment certification document
      to
      Party B; meanwhile, Party B shall issue a delivery proof. 

    

    Clause
      Six: Party A’s Responsibility of Violating the Contract by Overdue House
      Delivery 

    If
      Party
      A fails to deliver the house on the contracted time, as per day delay, Party
      A
      shall pay 0.3% of the total house price as violating fine to Party B. If it
      is 3
      months overdue, Party B has the right to terminate the contract; at
      the
      same time, Party A shall refund all the house price collected from Party B
      and
      shall pay a certain compensation fund with the amount of the paid house price
      to
      Party B. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Clause
      Seven: Party A’s Warranty 

    Party
      A
      shall pledge that the subject house has a clear property right, no other rights
      settled or other disputes. After bought by Party B, if there are some property
      right disputes on the house, and it influences Party B performing its
      obligations and rights, Party A shall be responsible and deal with it and make
      compensation to Party B’s any losses. 

    

    Clause
      Eight:
      Issues
      related to the House Property Right Transfer Registration 

    1.
      Party
      A and Party B shall have finished the procedures of the House Property Right
      Transfer ahead of January 28th,
      2008.
      If it
      fails to transact the house property right transfer procedures caused by Party
      B’s reason, Party B shall bear all responsibilities. While transacting the house
      property right transfer registration, Party A shall present a written
      application of transferring the house property right to Party B. If it needs
      Party A’s assistance to deal with this issue, whensoever, Party A shall give
      certain assistance. If there is any delaying caused by Party A and it affects
      the house property right transfer registration, Party A shall bear all caused
      losses. 

    

    2.
      Before
      signing this contract, if there are some unpaid taxes of the house, Party A
      shall pay all the fees. Party B shall bear all the house transfer registration
      fees, contract tax, valuation fees, and stamp duty produced in the course of
      transacting the House Property Right Transfer procedures.

    

    Clause
      Nine: Disputes Settlement

    Any
      disputes come out during the execution of this contract; Party A and Party
      B
      should negotiate to solve the dispute. If it cannot be settled by negotiation,
      it shall be submitted to the People’s Court in accordance with the laws.

    

    Clause
      Ten: Other uncovered Matter 

    For
      any
      other matter uncovered in the contract, it is for both parties’ signing a
      complementary agreement upon engagement, which enjoys the same legal force.
      

    

    Clause
      Eleven: The contract is made in Four copies, all of which holding the same
      act
      of law. Each party holds one copy respectively. It shall be submitted one copy
      to the housing property administration and taxation authorizations respectively.
      

    

    Clause
      Twelve: The contract becomes effective from the date of signing of the two
      parties.

    

    

    Party
      A(sealed
      and signed): Zhao Xiaoxi 

    Signature
      of the Representative: 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    Party
      B
      (sealed
      and signed): Shaanxi Jialong Hi-Tech Industrial Co., Ltd 

    Signature
      of the Representative: Zhang Jianjun 

    

    April
      2nd,
      2007

    

    

    

    

     

    Sales
      Contract of
      Commercial Housing        Contract No.:

     

    Appendix
      One: House Floor Plan (omitted)     Room Number:
12308Sales
      Contract of
      Commercial Housing

    

    
      	
              Bargainor

            	
              Bargainee

            	
              Original

            

    

    

     

    (Contract
      Serial No.: Ke Li Real Estate-MS(2007)-241)

     

    

    
      	
              Formulated
                by

            	
              Ministry
                of Construction of the People’s Republic of
                China

            
	
              State
                Administration for Industry and Commerce,
                P.R.C.

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

      Directions
        to the Sales Contract for Commercial Housing

       

      
        	
                1.

              	
                The
                  text of contract is of a model contract wording that can also be
                  applied
                  as a use text in signing contract. Before signing a contract, the
                  bargainee should read with care the contents of the contract, and
                  for any
                  different understanding upon the contract terms and professional
                  words
                  related, it is advised to consult your local competent department
                  of real
                  estate development. 

              

      

      
        	
                2.

              	
                The
                  commercial housing referred in the contract is the housing that
                  is
                  developed, constructed and sold by an enterprise engaged in business
                  of
                  real estate development. 

              

      

      
        	
                3.

              	
                With
                  a view to the principle of voluntaries of the two parties, it is
                  provided
                  herein blank lines after the relative terms of the contract for
                  of-own-accord engagement or supplementary engagement of both parties.
                  The
                  two parties can modify, supplement, abridge or cut down the description
                  of
                  terms of the contract. At signing contract and its becoming effective,
                  the
                  unmodified printing wording of the text is considered as descriptive
                  content mutually accepted by both parties.

              

      

      
        	
                4.

              	
                For
                  the content to be selective and be filled in, it takes preference
                  for
                  finishing manually. 

              

      

      
        	
                5.

              	
                For
                  the selective content marked as【        
                   】,
                  the part of blank line and other content needed for adding or deleting,
                  it
                  is determined through consultation. The selective content in
                  bracket【        
                   】is
                  to be fixed by ticking the mark “√”;
                  At the cases no specific matter takes place or none of engagement
                  made
                  between both parties, it should be ticked the mark “×” for deletion.
                  

              

      

      
        	
                6.

              	
                Before
                  signing contract, the bargainor should present bargainee the necessarily
                  related certificates and supporting documents that are provided
                  by the
                  bargainor accordingly. 

              

      

      
        	
                7.

              	
                For
                  the contract terms herein, it is responsible to be explained by
                  the
                  Ministry of Construction and the State Administration for Industry
&
                  Commerce of the People’s Republic of China.

              

      

       

       

      
        
          
          

        

        
          -1-

          
            

          

        

        
          
          

        

      

    

     

    Sales
      Contract for Commercial Housing

    
      (Contract
        S/N:
        )

      

      The
        Two Parties of the Contract: 

      
        	
                Bargainor: Shaanxi
                  Ke Li Real Estate Development Co., Ltd

              
	
                 Registered
                  Address: No.88
                  Western Section of 2nd
                  South Ring Rd, Xi’an

              
	
                 Registration
                  Number of Business License: 6100001004939

              
	
                 Competence
                  Certificate No.:(1997)Z1030

              
	
                 Legal
                  Representative: Chang
                  Xuhong

              	
                Tel:
                  029-88252828

              
	
                 Zip
                  Code: 710065
                  

              
	
                 Principal’s
                  Representative: Jiang
                  Yong

              	
                Add:
                  No.88
                  Western Section of 2nd
                  South Ring Rd, Xi’an

              
	
                 Zip
                  Code: 710065
                  

              	
                Tel:
                  029-88252828
                  

              
	
                Agency
                  Entrusted:  ________________________________________

              
	
                Registered
                  Address:  ___________________________________

              
	
                  
                   Registration
                  Number of Business License:  __________________________________________

              
	
                Legal
                  Representative:  ______________________________

              	
                Tel:
                   ____________________________

              
	
                Zip
                  Code:  __________________________________

              
	
                Bargainee: Shaanxi
                  Jialong Hi-Tech Industrial Co., Ltd 

              
	
                 【Oneself】【Legal Representative】Name:
                  Zhang
                  Jianjun
                  Nationality: China
                  

              
	
                 【ID
                  Card】【Passport】【Registration
                  No. of the License】 6101036312200283  

              
	
                Address:
                  Building
                  B Hua Jing Commercial Plaza South Feng Hui Road, Xi’an, Shaanxi
                  

              
	
                Zip
                  Code:  _____________

              	
                Tel:
                  __________________;

              
	
                 【Principal’s
                  Representative】【                    
                  】Name: 
                  _____________ 
                  Nationality: ____________________

              
	
                  
                  Address:  ________________________

              
	
                   Zip
                  Code:  ________________________

              	
                Tel:
                  ____________________________  

              

      

       

      According
        to the Contract
        Law of the People’s Republic of China, Law of Urban Management of Real Estate of
        the People’s Republic of China
        and
        along other stipulations of law and regulations of the state related with,
        upon
        the basis of equality, free will and consensus reached, the bargainor and
        bargainee have hereby concluded the agreement for sale of commercial housing
        as
        follows:

       

      Item
        1 Basis of Project Construction 

       

      The
        bargainor, by the means of transfer
        ,
        obtains
        the land-use right for the land plot numbering YT-3-2-1
        that
        locates at Yong
        Song Road, Xi’an The
        【Number
        of
        Transfer Contract of Land-use Right】【Approval
        No. of Appropriation of Land-use Right】【Approval
        No. of Transfer of Appropriated Land-use Right】GF-92-1001
        

      

      The
        land
        area of the plot is
        3329.1 m2 ,
        programmed purpose as dwelling
        the age
        limit from
        2001/06/07 to
        2065/10/22 (Y/M/D).
        

      The
        bargainor, at being approved, constructs commercial housing on the land plot
        mentioned above with the 【Present
        Name】【Temporary
        Name】
        Millennium Star Mansion.
        The
        programming license of construction engineering is 221
        ,
        the
        number of license for construction is (2001)
        0346 .
        

      _____________________________________________________________________________________________________

      _____________________________________________________________________________________________________

       

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      

       

      
        Item
          2
          Basis for Sale of the Commercial Housing

         

        The
          commercial housing purchased by the bargainee is【ready
          house】【sell-in-advance
          commercial house】.
          The
          approval authority for the sell-in-advance commercial housing is ,
          along
          the license for being on advance sale of commercial housing numbering
          __________________.
          

        ________________________________________________________________________________

        ________________________________________________________________________________.
          

         

        Item
          3 Fundamental State of the Commercial House Purchased 

         

        The
          commercial house that purchased by the bargainee (hereinafter the commercial
          house, housing flat-sheet of which refers to the attachment 1 of the contract,
          with numbering of the house subject to the No. 1 attachment) is belonging
          to the
          project stated in the item 1 that specifically as: 

         

        【Building】
          No.1
【Block】__ 【Unit】1
          【Floor】25
          House
          numbering 12501,
          12502, 12503, 12504, 12505, 12506, 12507, 12508, 12509, 12510, 12511
.
          Note:
          The mansion does not have the elevators of 13th,
          14th
          floor;
          and the elevator in this floor is the 27th
          floor.

         

        The
          purpose of the commercial house is commercial
          dwelling. It
          is of
frame
          structure and
          of
3.5m
          of
          story
          height. The total stories of the building above ground is 29
          F
,
          and
          story underground
          3
          F
.

         

        The
          balcony is【Enclosure
          form】【Non-enclosure
          form】.

         

        The
          building area of the commercial housing by【engagement
          of contract】【registration
          of property right】is
          2051.01
          M2
          aggregately, amongst which, the interior floor space is 1444.08 M2
          and, the
          building area of common part & public apportionment of housing 606.93
          M2
          (the
          particulars for composition of building area of the related common part
          and
          public housing apportionment refers to the No. 2 attachment.) 

        ________________________________________________________________________________

        ________________________________________________________________________________

        ________________________________________________________________________________

        ________________________________________________________________________________

         

        
          Item
            4 Modes of Pricing and Purchase Price 

           

          The
            two
            parties of the bargainor and bargainee agree to calculate for purchase
            price of
            the commercial house as per the 1st
            mode
            designated as below: 

           

          i 
            Calculate on the basis of building area, the unit price of the commercial
            house
            is Ұ 5985
            per M2 (in the currency of Renminbi ), for an total amount of
RMB TWELVE MILLION TWO HUNDRED AND SEVENTY FIVE
            THOUSAND TWO HUNDRED AND
            NINTY FIVE YUAN ONLY (RMB12,275,295.00Yuan) 

           

          ii
             Calculated on the basis of the interior building area of each house,
            the
            unit price of the commercial house
            is                                   per
            M2 (in the currency
            of                       
), for an total amount
            of                                                  

        

         

        iii Calculate
          on the basis of flat (unit), the totaling price of purchase of the commercial
          house in the currency of                                      
          is                                                                                                             .
          

        
           

          
            
              
              

            

            
              -3-

              
                

              

            

            
              
              

            

          

           

          iv  Remark:
            (1) The fees for getting through of the communication and network shall
            be paid
            to subscribe by bargainee since its move in; (2)When transacting the
            house
            property certificate, bargainee shall pay the contractual tax and have
            the
            governmental legal documents; and bargainee shall bear all the
            expenses.                                                                                 

                                                                                                                                                   
            

        

         

        
          Item
            5 The Area Confirmation and Settlement of Area Difference 

           

          In
            accordance with the mode of pricing chosen by both parties, this item
            hereby
            stipulates to conduct area confirmation and settlement of area difference
            in
            terms of the【building
            area】【interior
            building area】(all
“the
            area” for short under this item). 

           

          For
            parties choose the mode of pricing by flat, it is not applicable with
            the item
            stated hereby. 

           

          For
            difference between the engagement area of contract and the registration
            area of
            property right, it is subject to the registration area of property right
            eventually. 

           

          After
            delivery of the commercial housing, for any difference arisen between
            the
            registration area of property right and engagement area of contract,
            both
            parties are willing to settle by 

                                    method
            as
            a solution: the 

          i
            Self
            engagement of mutual parties: 

           

          (a)
            ________________________________________________________________; 

          (b)
            ________________________________________________________________; 

          (c)
            ________________________________________________________________; 

          (d)
            _________________________________________________________________. 

           

          ii
            Both
            parties agree to dispose of as per the following principles: 

           

          (a)
            The
            absolute value of error ratio of the area being within 3% (containing
            3%), it is
            to settle payment of housing according to facts; 

          (b)
            The
            absolute value of error ratio of the area being beyond 3%, the bargainee
            is
            entitled to withdraw housing. 

          For
            withdrawal of housing claimed by bargainee, the bargainor is to repay
            bargainee
            the sum paid in within 30 days after bargainee’s claim, along paying interest
            rate at                 
            .
            

           

          
            For
              non-withdrawal of housing, at registration area of property right larger
              than
              engagement area of contract, the sum for the part with error ratio
              of the area
              within 3% (containing 3%) is to be made up by the bargainee, and, the
              sum
              exceeding 3% is to be born by the bargainor whereas the property right
              belonging
              to the bargarnee; At registration area of property right smaller than
              the
              engagement area of contract, the sum for the part with absolute value
              of error
              ratio of the area with 3% (containing 3%) is to be returned to the
              bargainee by
              the bargainor, and, the sum exceeding the 3% is to be returned to the
              bargainee
              by the bargainor doubling the initial figure. 

            

            Error
              ratio of the area = [(registration area of property right - engagement
              area of
              contract)÷engagement area of contract] × 100% 

            

            For
              difference of the area arisen from architectural change and both parties
              not
              planning to cancel contract, the two parties should sign a complementary
              agreement accordingly. 

          

        

        
           

        

        
          
            
            

          

          
            -4-

            
              

            

          

          
            
            

          

        

      

    

     

    
      Item
        6 Type of Payment and Deadline 

       

      The
        bargainee pays on time as per the
        1st means
        mentioned as below: 

       

      i
        Single
        Payment 

       

      Bargainee
        shall pay the deposit of RMB50,000.00Yuan only, and shall pay in full the
        total
        house price with the amount of RMB12,275,295.00Yuan; Note: the deposit shall
        be
        used as part of the house
        price.                                                        
 

       

      ii
        Installment 

      ____________________________________________________________________.

       

      iii
        Any
        Other Means

      
        ____________________________________________________________________

      

      ____________________________________________________________________.

       

      Item
        7 Bargainee’s Liability for Breach of Contract at Overdue
        Payment

       

      If
        the
        bargainee failed to effect payment as per the time designated in the contract,
        it is to dispose of by  mode
        as
        below: 

       

      Handwriting:
        If
        Bargainee fails to pay off the house price before July 20, 2007, the contract
        will be automatically terminated. The paid deposit from Party A shall be
        deemed
        as the violating fee (In word: RMB Fifty Thousand Yuan Only) and shall not
        be
        refunded by Party B.

       

      i
        Handle
        separately depending on actual overdue time (for not being accumulated)

       

      (a)
        For
        overdue time within  days,
        starting from the 2nd
        day of
        the payable deadline stipulated up to actual date of paying full amount of
        the
        account payable, the bargainee pays to the bargainor by the day a penalty
        amounting  of
        the
        overdue account payable, then the contract proceeds; 

       

      (b)
        For
        overdue time exceeding  days,
        the
        bargainor has got a right to cancel the contract. At cancellation of contract
        by
        the bargainor, the bargainee pays to the bargainor a penalty calculated
        by of
        the
        accumulated account payable. Under occasion the bargainee prefer to continue
        contract performance herein, upon acceptance of the bargainor the contract
        can
        proceed with, whereas starting from the 2nd
        day of
        the payable deadline stipulated up to actual date of paying full amount of
        the
        account payable, the bargainee pays to the bargainor by the day a penalty
        amounting  of
        the
        overdue account payable [the rate hereof should not be lower than that of
        in (a)
        above]. 

       

      The
        overdue account payable refers to the gap between the matured account payable
        and actual account effected; for installment payment, it is determined by
        gap of
        the installment account payable and actual account paid up of the same
        installment correspondently. 

      ii
        __________________________________________________________________

      ___________________________________________________________________.

    

     

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    
       

      Item
        8 Time of Delivery 

       

      The
        bargainor, should before the date of within
        10days after bargainee paid off he house
        price ,
        in
        conformity with the relative stipulations of the state and the local people’s
        government, deliver to the bargainee the commercial house for use conforming
        to
        the engagement of the contract as well as possessing the
        1st condition
        listed hereunder: 

       

      i
        The
        said commercial house proves of quality construction at acceptance check.
        

       

      ii
        The
        said commercial house proves of quality construction at overall acceptance
        check. 

       

      iii
        The
        said commercial house proves of quality construction at the divided
        comprehensive acceptance check. 

       

      iv
        The
        said commercial house has obtained the approval document for delivery of
        use of
        commercial residential building related to. 

       

      v _________________________________________________________________.
        

       

      Under
        special circumstances given below, except for cancellation of contract or
        renewal of contract, the bargainee can postpone according to actual condition:
        

       

      (a)
        Encountered with force majeure, and the bargainor inform the bargainee of
        it
        within  days
        from
        its occurrence; 

       

      (b)
        _________________________________________________________________ 

       

      (c)
        _________________________________________________________________ .

      _____________________________________________________________________

    

    
      

      Item
        9  Bargainor’s
        Liability for Breach of Contract at Overdue Delivery of Housing

       

      Expert
        for the special circumstances stated in Item 8 of the contract, it is to
        dispose
        of as per 1st mode
        below at the bargainor’s failing to deliver the commercial house by the deadline
        as designated: 

       

      i
        Handle
        separately depending on actual overdue time (for not being accumulated)

       

      (a)
        For
        overdue time not exceeding 30
        days,
        starting from the 2nd
        day of
        the final deadline of housing delivery stipulated in Item 8 up to actual
        date of
        delivery, the bargainor pays to the bargainee by the day a penalty amounting
        0.5%
        of
        the
        already paid account of housing, then the contract proceeds; 

       

      (b)
        For
        overdue delivery of housing exceeding 30
        days,
        the
        bargainee has got a right to cancel the contract. At cancellation of contract
        by
        the bargainee, the bargainor should refund all the account paid within
30
        days
        after arrival of bargainee’s notice of contract cancellation and along pays to
        the bargainee a penalty calculated by ___8%_____of
        the
        accumulated account paid. Under occasion the bargainee prefer to continue
        contract performance herein, the contract can proceed with, whereas starting
        from the 2nd
        day of
        the final deadline of delivery stipulated in Item 8 up to the actual date
        of
        delivery, the bargainor pays to the bargainee by the day a penalty amounting
        _0.1%_of
        the
        already paid account of housing [the rate hereof should not be lower than
        that
        of in (a) of Item 9]. 

       

      ii
        _________________________________________________________________ .

    

    
       

      
        Item
          10 Engagement of Programming Change and Design Change 

         

        For
          the
          programming change checked by programming department and design change
          accepted
          by designing organization that leads to an influence to the quality or
          function
          of the commercial house purchased by the bargainee, the bargainor should
          advise
          the counterpart within 10 days after consent or approval of related department
          in written notice: 

      

       

      
        
          
          

        

        
          -6-

          
            

          

        

        
          
          

        

      

    

     

     

    i  
      The structure form, flat type, space size and the orientation related to the
      commercial house; 

     

    ii  
      _____________________________________________________________________________________________. 

     

    iii 
      _____________________________________________________________________________________________. 

     

    The
      bargainee has got a right to reply in written whether withdraw the house or
      not
      within 15 days after receipt of the notice. If the bargainee did not make a
      written reply within 15 days after receipt of the notice, it’s thus treated as
      acceptance of the change. If the bargainor failed to inform the bargainee in
      a
      time limit designated, the bargainee has right to claim withdrawal.

     

    For
      housing withdrawal of bargainee, the bargainor should refund to the bargainee
      the fund paid within  days
      at
      the bargainee’s claim, along paying interest rate at  .
      For
      non-withdrawal from bargainee, it is proposed to sign further supplementary
      agreement with the bargainor accordingly. 

    
       

        
          

        

        ____________________________________________________________________________________________________. 

      

    

     

    Item
      11 The Transfer 

     

    After
      reaching the standard of use delivery of the commercial housing, the bargainor
      should inform the counterpart in written form for fulfilling procedure of
      delivery. At the accepting & transferring of the two parties, the bargainor
      should present the supporting documents stated in Item 8, and sign the delivery
      receipt issued. For the commercial house purchased belonging to dwelling house,
      the bargainor is further demanded to provide Quality Warranty of Residence
      and
      Description of Residence. If the bargainor failed to present the certifying
      documents or for incompleteness of the documents, the bargainee has a right
      to
      decline the transfer and responsibility of postponing delivery is to be borne
      by
      the bargainor. 

     

    For
      reason of the bargainee for deferred delivery of housing, the two parties agree
      to deal with in the following way: 

     

    Bargainee
      shall bear all the property management fee of the house since the house has
      the
      delivery conditions. 

     

    Item
      12
      The
      bargainor guarantees the commercial house sold is of non-involvement of disputes
      of property-right or liabilities. For the cause of the bargainor failing to
      conduct registration of property-right or causing dispute of liability with
      regards to the commercial house, it is to be borne entirely by the bargainor.
      

     

      
        

      

    

     

      
        

      

    

     

    Item
      13 Bargainee’s Liability for Breach of the Contract Regarding Guarantee to the
      Standards of Decoration and Installation

    

    The
      standards of decoration and of installation for the commercial house delivered
      by the bargainor should be in line with the standards that mutually engaged
      (refers to the attachment 3).
      If the
      standards being not in keeping with the standards engaged, the bargainee has
      the
      right to ask the bargainor handle by  mode
      as
      below: 

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    i  
      The bargainor compensates for double the price-difference of decoration and
      installation. 

     

    ii  
      _____________________________________________________________________________________________ 

     

    iii 
      _____________________________________________________________________________________________. 

     

    Item
      14 Bargainor’s Guarantee for Normal Operation of the Infrastructure and Public
      Supporting Construction

     

    The
      bargainor promises hereby the following infrastructure and public supporting
      construction that linked directly to normal use of the commercial house will
      reach the required conditions of application at the following dates:

     

    i  
      Water,
      Electricity, Small-sized commercial-used Central Air-conditioner, To be used
      on
      the contracted delivery date; 

     

    ii 
      Elevator,
      Communication, Network, Cable TV, To be used on the contracted delivery date
      ;

     

    iii 
      _____________________________________________________________________________________________; 

     

    iv 
      _____________________________________________________________________________________________;

     

    v  
      _____________________________________________________________________________________________. 

     

    If
      any
      failure occurred for reaching the use condition within the deadline guaranteed,
      the two parties are to deal with upon consensus in the way(s) below:

     

    i  
       _____________________________________________________________________________________________

     

    ii  
      _____________________________________________________________________________________________

     

    iii 
      _____________________________________________________________________________________________. 

     

    Item
      15 Engagement Regarding Registration of Property Right 

     

    The
      bargainor should submit for file the available data being required for
      registration of titlehood within 180
      days
      after delivery of the commercial house at the registration dept of property
      right. If for the cause of the bargainor, the bargainee failed to obtain the
      title certificate of real estate within fixed limit, both parties are to settle
      upon consensus through
      2nd
mode
      as
      below: 

     

    i  
      The bargainee claims for housing withdrawal, and the bargainor refunds the
      paid
      fund of housing within  days
      from
      the bargainee’s claim, along compensating losses of the bargainee by
 
      % of the
      housing fund paid. 

     

    ii 
      The bargainee claims no withdrawal of housing, and, the bargainor pays to the
      counterpart a penalty by 1%
      of
      the
      funds of housing paid up. 

     

    iii
_____________________________________________________________________________________________

     

    Item
      16 Guarantee of Maintenance 

     

    For
      the
      commercial house purchased by the bargainee being commercial dwelling house,
      the
      Quality Warranty of Residence is hence taken as the attachment of the contract.
      From the date of delivery of the commercial dwelling house, the bargainor
      undertakes maintenance as engaged in Quality Warranty of Residence.

     

    For
      the
      commercial house purchased being not commercial dwelling house, the two parties
      should make engagement in details for the maintenance scope, term and
      obligations in the form of appendix to the contract. 

     

    For
      quality problem arisen within the scope and term of maintenance, the bargainor
      is obliged to fulfill his obligations. For damage arisen by force majeure or
      other reason beyond bargainor, the bargainor is free of obligation whereas
      should be assistant in maintenance, with expenses thus occurred being borne
      by
      the purchaser (bargainee). 

     

    
      
        

      

      
        
          ____________________________________________________________________________________________________. 

        

      

    

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    Item
      17 The Two parities may engage for the following matters:

     

    i   The
      right to use the roof covering of the building the commercial house belonging
      to: Bargainor
      ;
      

     

    ii 
      The right to use the wall face of the building the commercial house belonging
      to: Bargainor
      ;
      

     

    iii
      The
      right to entitle the building the commercial house belonging to: Bargainor
      ;
      

     

    iv
      The
      right to entitle the residential quarters that the commercial house belonging
      to: Bargainor
      ;
      

     

    v 
      _____________________________________________________________________________________________;
      

     

    vi 
      _____________________________________________________________________________________________. 

     

    Item
      18
      The
      house purchased by the baigainee is only for commercial
      residential use,
      and
      the bargainee is not allowed to change without authorization the original agent
      architecture, load-bearing structure and the purpose of the commercial house
      during use of housing. Except for other stipulation of the contract and
      attachments, in use of the house the bargainee is entitled to share with other
      obligee the public architectural part and facilities linking to the commercial
      house, and the meanwhile undertakes obligation as per the occupied area, the
      apportioned area of public part & common premises. 

     

    The
      bargainor is not allowed to change without authorization the quality of use
      of
      the public part and of the facilities linking to the commercial house.

     

      
        

      

    

    ____________________________________________________________________________________________________. 

     

    Item
      19
      For any
      dispute occurred in process of performance of the contract, it is settled via
      consultation of both parties. If compromise settlement failed, it is to be
      settled as per the
      2nd mode
      as
      follows: 

     

    i
       Submit to  Arbitration
      Commission for settlement. 

     

    ii
      Sue at
      people’s court according to the law. 

     

    Item
      20
      For any
      other matter uncovered in the contract, it is for both parties’ signing a
      complementary agreement upon engagement (see the attachment 4). 

     

    Item
      21
      The
      attachments have the same force of law as the contract. And in the contract
      and
      its attachments, the words filled in at the blank lines have the same legal
      effect as the printing words. 

     

    Item
      22
      The
      contract, along the attachments, is of 21pages
      totally. It is made in ...4..copies,
      all of which holding the same act of law. The holding state of the contract
      is
      as: 

     

    The
      Bargainor: 1
      copy;
      The
      Bargainee: 1
      copy;
      Xi’an
      City House Property
      Right and Registry Management Center, One copy
      and
Xi’an
      City Real Estate Transaction Management Center, One copy respectively.
      

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    Item
      23
      The
      contract becomes effective from the date of signing of the two parties.

     

    Item
      24
      For the
      commercial house sell-in-advance, within 30 days from the date of entry into
      force of the contract, the bargainor is required to apply for registration
      file
      at the Xi’an
      City State-Owned Land & Resources and Housing Administration Bureau
.
      

     

    
      	
              The
                Bargainor (sealed and signed): 

              Shaanxi
                Ke Li Real Estate Development Co., Ltd

            	
              The
                Bargainee (sealed and signed): 

              Shaanxi
                Jialong High-Tech Industrial Co., Ltd

            
	 	 
	
              Legal
                Representative: (signed)

              Jiang
                Yong 

            	
              Legal
                Representative(signed): 

              Zhang
                Jianjun

            
	
              Principal’s
                Representative (sealed): 

            	
              Principal’s
                Representative (with signature): 

            
	 	 
	
              Date:
                June
                24th,
                2001

              Place:
                Xi’an

            	
              Date:
                June
                24th,
                2001

              Place:
                Xi’an

            

    

     

    Registered
      Authority (sealed): 

    

    Date:

     

    
      
        
        

      

      
        -10-

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