Document:

Highland Ridge, Inc. - Exhibit 10.7 - Filed by newsfilecorp.com

Exhibit 10.7

 

Crediting Agreement 

 

 

 

 

 

 

China Merchants Bank Co., Ltd 

Crediting Agreement 

Agreement No.: He Si Zhi Shou Zi [2009] No. 91090909 

The Accrediting Party: China Merchants Bank Hefei Sipailou
Branch (hereinafter referred to as “Party A”) 

Responsible Person: Fang Hong 

 

The Credit Applicant: Anhui TEC Tower Co., Ltd (hereinafter
referred to as “Party B”) 

Legal Representative / Responsible Person: Lu Chun 

As applied by Party B, Party A hereby agrees to provide a line
of credit for Party B to use. This Agreement is reached by and between both
parties through full consultation according relevant laws and regulations as
below. 

Article 1 Line of credit 

1.1 Party A provides a line of credit say RMB ten million
only (including other equivalent currencies based on the exchange rate
quotation released by Party A at the time of actual occurrence of specific
business, hereinafter inclusive), which includes (mark with a “X”) 

X Revolving line of credit say RMB ten million only;

[ ] One-time line of credit say RMB only. 

The revolving line of credit herein refers to the line of
credit (maximum amount) of the total of the balances of credited principal
provided by Party A to Party B available for continuous and revolving use during
the term of credit, such as loan, trade financing, note discounting, acceptance
of commercial bill, letter of guarantee, corporation overdraft, domestic
factoring, _________, _________and etc. 

One-time line of credit herein refers to the condition where
Party B applies to Party A for operation of various crediting business one by
one during the term of credit and the accumulated amount of all crediting
business shall not exceed the one-time line of credit specified in this
Agreement. Party B is not allowed use the one-time line of credit in a revolving
manner, but can only operate the crediting business applied before the total
amount of relevant business exceeds the one-time line of credit specified in
this article. 

“Trade financing” herein refers to establishment of a letter of
credit, import bill advance, delivery against bank guarantee, bill purchased
under collection, packing credit, bill purchased, outward bills purchased under
collection, import / export remittance financing, short-term guarantee
financing, import factoring, export factoring (except for two-factor system
without recourse and double factoring without recourse in the system of Party A,
hereinafter inclusive), _________, _________etc. 

1.2 If Party A handles an import factoring or domestic
factoring without recourse with Party B as the drawee, the creditor’s rights on
accounts receivable transferred from Party A to Party B in this business will occupy the line of credit hereinabove; if Party B
applies to Party A for a domestic factoring with recourse or an export factoring
business, the basic purchase amount (or the basic acquisition amount) provided
by Party A for Party B will occupy the line of credit hereinabove. 

1.3 If Party A, after issue a letter of credit, entrusts other
branches of China Merchants Banks to provide the letter of credit for the
beneficiary according to requirements of internal procedures, the establishment
of letter of credit and import bill advance and delivery against bank guarantee
derived therefrom will also occupy the line of credit hereinabove. 

1.4 The line of credit hereinabove shall not include the
guaranty money or the credited amount corresponding to the deposit certificate
for pledge provided by Party B or a third party for a single business under this
Agreement, hereinafter inclusive. 

[  ] 1.5 In case any balance of any specific business
under the crediting agreement He Si Zhi Shou Zi [2009] No. 91090909
signed by and between both parties previously is not paid off, the balance
will be automatically transferred under this Agreement and directly occupy the
line of credit hereunder after this Agreement is put into effective (mark with a
“X” in the [ ] if applicable). 

[  ] 1.6 In case any balance of any specific business
under the crediting agreement __________________________
___________________________(fill in the contract number / date of signing and
the contract name), the balance will be automatically transferred under this
Agreement and directly occupy the line of credit hereunder after this Agreement
is put into effective (mark with a “X” in the [  ] below if applicable).

 

Article 3 Use of line of credit 

3.1 Type and scope of credit line 

The line of credit hereinabove is (mark with a “X” in the
following two options): 

() 3.1.1 A comprehensive credit line including the following
business types (filling in according to facts, the specific amount allowed):

	 	 ,	
	 	 	 
	 	 ,	

Meanwhile, during the term of credit, for the above-listed
amount (mark with a “X” in the following two options): 

[ ] Party B is not allowed to transfer for use; 

[ ] Party B is allowed to transfer, but the amount of transfer
must be applied in advance for Party A to decide at its own discretion. Transfer
herein refers to transfer between the specific business types listed above and
transfer of the line of credit for the listed business types to other ones
herein exclusive as applied by Party B according to requirements of
business operation. 

(X) 3.1.2 Single credit line on working capital loan.

3.2 Party B is only allowed to use the revolving line of credit
in a revolving manner but not the one-time credit line during the term of
credit, must apply for use of the credit line case by case to Party A for
approval one by one. Each loan, the amount, term and purpose of other credit
lines shall be specified in the business application submitted by Party B and
accepted Party A or in other specific business contracts (including receipts for
loan) and agreements signed by and between both parties additionally. 

For domestic factoring without recourse, the Notice on Transfer
of Creditor’s Rights on Accounts Receivable issued by Party A to Party B shall
be taken as the “specific business contract” binding on both parties after the
Notice is confirmed by Party B in the manner recognized by Party A. 

3.3 The term of use for each loan or other credits within the
line of credit shall be determined according to business requirements of Party B
and business guidelines of Party A, and the expiry date of a specific business
can be later than the expiry date of the term of credit. 

Article 4 Interest and expenses 

The interest rate on loans and financing within the line of
credit and charges / expenses on relevant business types shall be calculated and
collected as specified in various contracts. 

Article 5 Guarantee clauses 

5.1 The third party Anhui Sea-Converge Guarantee Co.,
Ltd shall be the guarantor with joint liability on all liabilities / debts
owed by Party B to Party A. The guarantor shall issue irrevocable letters of
guarantee on the specific business types hereinabove to Party A case by case,
and the responsibilities on guarantee born by the guarantor to Party A shall be
specified or determined in the specific letters of guarantee. And / or 

5.2 All liabilities or debts owed by Party B to Party A
hereunder shall be mortgaged or pledged by_________ and all properties of
_________or those properties the party has the right to dispose, for which, both
parties shall sign a guarantee contract otherwise. 

If the guarantor fails to sign on a guarantee contract or
document or handle guarantee formalities as stipulated in this article, Party A
shall have the right to stop or suspend credit giving to Party B. 

Article 6 Rights and obligations of Party B 

6.1 Party B shall have the following rights: 

6.1.1 To require Party A to grant loans or other credits within
the line of credit as stipulated herein; 

6.1.2 To use the line of credit as agreed herein; 

6.1.3 To require Party A to keep confidentiality of information
on production, business operation, properties and accounts provided by Party B,
unless otherwise specified in laws or required by regulatory authorities; 

6.1.4 To transfer liabilities to a third party with approval of
Party A. 

6.2 Party B shall bear the following obligations: 

6.2.1 To provide Party A with documents and materials
(including but not limited to authentic financial statements, annual financial
reports, important decisions on and changes in production, business operation
and management on a periodical basis as required by Party A), information on
opening banks, accounts and outstanding of deposits of Party B faithfully as
required by Party A, and coordinate with Party A in investigation, examination
and inspection; 

6.2.2 To accept inspection and supervision of Party A on the
use of credit funds, production, business operation and financial activities;

6.2.3 To use loans and / or other credits as agreed and / or
committed in the Agreement and various contracts; 

6.2.4 To repay loans, advances, principal and interest on other
credited liabilities in full on a timely basis as agreed in the Agreement and
various contracts; 

6.2.5 To transfer part of or all of liabilities hereunder to a
third party with written approval of Party A; 

6.2.6 To notify Party A immediately and actively coordinate
with Party A in implementation of safeguard measures for safe repayment of
loans, advances, principal and interest on other credited liabilities and all
relevant expenses under this Agreement in case of any one of the following
circumstances on the side of Party B: 

6.2.6.1 Heavy financial losses, assets losses or other
financial crisis; 

6.2.6.2 Provision of loan or loan guarantee or use of
self-owned assets (rights) for mortgage (pledge) for a third party; 

6.2.6.3 Merger (acquisition), separation, reorganization, joint
venture operation (cooperation), title of property (equity) transfer,
shareholding reform or other major changes; 

6.2.6.4 Cessation of business, suspension or cancellation of
registration, application or applied for bankruptcy and dissolution etc.; 

6.2.6.5 Major crisis in business operation or finance of
controlling shareholders or other companies affiliated to Party B that may
impact normal business operation of the parties; 

6.2.6.6 Important affiliated transactions with controlling
shareholders or other companies affiliated to Party B that may affect normal
business operation of the parties; 

6.2.6.7 Any legal, arbitral, criminal or administrative
penalties or punishments that may cause serious and adverse effects on business
operation or financial status of Party B; 

6.2.6.8 Other major events or issues that may affect its
financial solvency. 

6.2.7 Not to be slothful in management, press for creditor’s
rights due, or dispose main properties for free or by other improper means. 

Article 7 Rights and obligations of Party A 

7.1 Party A shall have the following rights: 

7.1.1 To require Party B to repay loans advances, principal and
interest on other credited liabilities hereunder in full on a timely basis; 

7.1.2 To require Party B to provide documents and materials
related to the line of credit hereinabove; 

7.1.3 To investigate into production, business operation and
financial activities of Party B; 

7.1.4 To monitor and supervise over use of loans and / or other
credits as stipulated in this Agreement and other specific contracts; 

7.1.5 To entrust other branches of China Merchants Bank in the
location of the beneficiary to provide the letter of credit to the beneficiary
according to requirements of internal procedures after accepting the application
of Party B for establishment of the credit letter; 

7.1.6 To transfer and withdraw directly from the accounts of
Party B for liquidation of liabilities or debts under this Agreement and other
specific contracts; 

7.1.7 To transfer creditor’s rights on Party B, notify Party B
on the transfer by the means deemed by its own party as appropriate, including
but not limited to facsimile, mailing, special person service and announcement
on public medias, and to urge for collection; 

7.1.8 Other rights specified herein. 

7.2 Party A shall bear the following obligations: 

7.2.1 To issue loans and provide other credits to Party B
within the line of credit as specified in this Agreement and other specific
contracts; 

7.2.2 To keep confidentiality of information on assets,
financial status, production and business operation of Party B, unless otherwise
specified in laws or required by regulatory authorities. 

Article 8 Commitments of Party B 

8.1 Party B is an entity lawfully established according to laws
of the People’s Republic of China and legally exists with corporate capacity and
full civil capacity for signing and performance of the Agreement; 

8.2 Signing and performance of the Agreement have been fully
authorized by the board of directors or any other competent organizations; 

8.3 All documents, materials and vouchers on Party B, the
guarantor, the mortgager (pledger), mortgage (pledge) provided by Party B are
true, accurate, complete and effective without major incompliance with facts or
omission of any important facts or events; 

8.4 Party B will abide by and act in strict with the specific
contracts, and the letter of guarantee on establishment of credit line, trust
receipts and other relevant documents signed and issued by its own party to
Party A; 

8.5 There is no legal, arbitral, criminal or administrative
penalty that may cause serious and adverse effects on Party B and important
assets of Party B when the Agreement is signed, and this kind of penalties will not happen during performance of the
Agreement. Party B shall notify Party A immediately in case of the penalty; 

8.6 Party will conduct business activities within the scope
specified in the business license or limited by laws in strict accordance with
relevant laws and regulations, and handle registration and annual inspection
procedures or formalities on a timely basis; 

8.7 Party B will not abandon any creditor’s rights due or
dispose its main properties or assets for free or by any improper means to
maintain or improve current level of business management and ensure value and
rise in value of current assets; 

8.8 Without approval of Party A, Party B is not allowed to pay
off or liquidate other long-term liabilities in advance, and _________,
_________; 

8.9 Party B is not involved in any other major events or issues
that may affect performance of obligations hereunder when the Agreement is
signed. 

Article 9 Other expenses 

Party B shall bear all expenses on credit investigation,
inspection and arbitration related to this Agreement and other costs / expenses
on legal proceedings, business travel, publication / announcement and delivery
paid by Party A for realization of creditor’s rights when Party B fails to repay
liabilities / debts hereunder as scheduled, and shall authorize Party A to
deduct or withdraw directly from the bank accounts in Party A opened by Party B.
In case of deficiency, Party B guarantees and promises to repay in full after
receiving the notice from Party A. 

Article 10 Events of default and settlement 

10.1 Any one of the following circumstances on the side of
Party B will result in events of default: 

10.1.1 Provides false information to Party A or hides important
facts, or refuses to coordinate with Party A in investigation, examination and
inspection against stipulations in clause 6.2.1 hereinabove; 

10.1.2 Refuses to accept or evade supervision of Party A on the
use of credit funds, production, business operation and financial activities of
its own party against stipulations in clause 6.2.2 hereinabove; 

10.1.3 Fails to use the loans and / or credits as specified in
this Agreement and other specific contracts against stipulations in clause 6.2.3
hereinabove; 

10.1.4 Fails to repay loans, advances, principal and interest
on other credited liabilities in full and timely as agreed herein and / or
specified in various specific contracts against stipulations in clause 6.2.4
hereinabove; 

10.1.5 Transfers liabilities hereunder to a third party without
approval of Party A against stipulations in clause 6.2.5 hereinabove, or be
slothful in management, presses for creditor’s rights due or dispose important
assets owned by its own party for free or by any other improper means against
stipulations in clause 6.2.7 hereinabove; 

10.1.6 Fails to notify Party A in case of any one of
circumstances hereinabove, or refuses to
coordinate when Party A requires for adding of safeguard measures for liabilities hereunder after being informed of the circumstances, or other misconducts deemed by Party A as adverse to safe recovery of the principal and interest on credits
against stipulations in clause 6.2.6 hereinabove; 

10.1.7 Fails to correct immediately as required by Party A against stipulations in clauses 8.1, 8.2, 8.3, 8.4, 8.5, 8.6, 8.7, 8.8 and 8.9 hereinabove; 

10.1.8 Other circumstances deemed by Party A as possible to damage legal rights and benefits of its own. 

10.2 In case of any one of the following circumstances on the side of the Guarantor, events of default will be determined if the Guarantor and Party B fails to coordinate, and Party A, in consideration that the guarantee capacity of the Guarantor
may be damaged or affected, will require the guarantor to eliminate adverse effects or impacts caused thereby or require Party B to add and replace conditions on guarantee: 

10.2.1 Appearance of any one of the circumstances similar to those specified in clause 6.2.6 hereinabove; 

10.2.2 Hides the actual capacity for bearing of guarantee responsibilities or liabilities or fails to obtain authorization of competent organizations when issuing the irrevocable letter of guarantee; 

10.2.3 Fails to handle annual inspection and registration formalities timely; 

10.2.4 Be slothful in management, presses for creditor’s rights due or dispose important assets owned by its own party for free or by any other improper means. 

10.3 In case of any one of the following circumstances on the side of the mortgager (or pledger), events of default will be determined if the mortgager (or pledger) and Party B fails to coordinate, and Party A, in consideration that invalidation or
deficiency in the mortgage (or pledge) may be caused, will require the mortgager (or pledger) to eliminate adverse effects caused thereby or require Party B to add and replace conditions on guarantee: 

10.3.1 Lack of ownership or the right to dispose the mortgage (or pledge), or disputes on the ownership; 

10.3.2 Mortgage (or pledge) is put out to lease, sealed up, detained, supervised, or legal rights of priority exist (including but not limited to priority on payment for construction work), and / or these conditions or circumstances are hided; 

10.3.3 The mortgager (or pledger) uses the mortgaged (or pledged) for transfer, leasing, re-mortgage (or re-pledge) or disposes by any other improper means without written approval of Party A, or fails to use the income from disposal on the
mortgaged (or pledged) for repayment or liquidation of liabilities / debts owed by Party B to Party A though written approval on the disposal is obtained from Party A; 

10.3.4 The mortgager (or pledger) fails to keep, maintain or repair the mortgaged (or pledged) well or any behaviors of the mortgager (or pledger) have damaged the mortgage (or pledge)
directly, and the value of the mortgage (or pledge) is damaged or decreased obviously as a result; or the mortgager (or pledger) refuses to buy insurance for the mortgage (or pledge) as required by Party A during the term of mortgage (or pledge). 

10.4 In case of any one of the events of default specified in 10.1, 10.2 and 10.3, Party A shall have the right to take any one or all of the following measures: 

10.4.1 To reduce or deduct the line of credit hereunder, or suspend use of the remainder line of credit; 

10.4.2 To collect the loan principal and relevant expenses issued or paid within the line of credit ahead of schedule; 

10.4.3 For bill of exchange accepted by Party A or letter of credit, letter of guarantee and letter of guarantee on delivery established by Party A (or entrusted by Party A for establishment), Party A shall have the right to require Party B to add
the amount of guarantee whether advance payment is made by Party A or not, or to transfer of deposits in other accounts opened in Party A by Party B into the guarantee account for liquidation of the guarantee hereunder to be paid by Party A in
advance, or transfer of relevant accounts to a third party for deposit or withdrawal as the guarantee for payments in advance by Party A in the future; 

10.4.4 For creditor’s rights on accounts receivable not paid off by Party B and transferred from Party B under domestic factoring and export factoring with the right of recourse, Party A shall have the right to require Party B to perform the
obligation of buy-back immediately; for creditor’s rights on accounts receivable transferred from Party B under domestic factoring and export factoring without the right of recourse, Party A shall have the right to perform recourse against
Party B immediately. 

10.4.5 To deduct or withdraw directly from the settlement account and / or other accounts of Party B for liquidation of all liabilities under this Agreement and other specific contracts; 

10.4.6 To perform the right of recourse as specified in Article 13 herein. 

Article 11 Modification and termination of the Agreement 

This Agreement can be modified or terminated after a consensus is reached or a special written agreement is signed by and between both parties through consultation. This Agreement shall remain valid and effective before the written agreement is
signed. Neither party is allowed to modify, revise or terminate this Agreement without approval of the other party. 

Article 12 Miscellaneous 

12.1 Any grace, preference or moratorium on execution or performance of legal rights or benefits of Party A hereunder provided by Party A for any breaches of contract or delay in performance on the side of Party B during the valid term of the
Agreement shall not affect, damage or limit any legal rights and benefits enjoyed by Party A as the creditor according to laws, regulations and this Agreement, nor be taken as permission and recognition of Party A on any breaches to terms and
conditions herein, nor be understood as abandoning of current or future rights of Party A to take actions or measures against breaches. 

12.2 In case any or all parts of the Agreement become illegal or invalid for any reasons, Party B shall bear the responsibility for repayment of all liabilities or debts hereunder owed to Party A. In this case, Party A shall have the right to
terminate this Agreement and claim against Party B for liquidation of all liabilities hereunder immediately. 

12.3 Notices and requirements of Party A and Party B related to this Agreement shall be sent in written form. 

Contact Add. of Party A: 

Contact Add. of Party B: 

The notices and requirements shall be deemed to be received on the date of signing for acknowledgement in case sent by a special person (or on the date of rejection if the receiving party refuses to accept), or deemed to be received on the seventh
day after the registered mail is forwarded in case sent by registered mail, or be received at the time when being received by the facsimile system of the receiving party in case sent by facsimile.  

For notices and requirements on transfer of creditor’s rights or claims against Party B for collection that are announced on public medias, it shall be deemed as having been received or delivered on the date of announcement. 

In case of changes in the contact address of either party, the other party shall be informed on a timely basis, or else the default party shall bear all possible loses caused thereby at its own account. 

12.4 Both parties hereby agree that Party B is only required to stamp the reserved seal on business applications for trade financing according to the Letter of Authorization on the Reserved Seal provided by Party A. Legal effect of the reserved seal
is recognized by both parties. 

12.5 All written supplementary agreements on matters not covered herein and on changes or modifications in terms and conditions herein reached through consultation, and various specific contracts hereunder shall be taken as appendixes to this
Agreement and constitute an integral part of this Agreement. 

12.6 The guarantor has fully consulted with the bank on all terms and conditions in the letter of guarantee, the bank has reminded the guarantor to pay special attention to the clauses and provisions on exemption of or limitation on responsibilities
of the bank, rights owned by the bank independently, adding of responsibilities of the guarantor or limitation on rights of the guarantor, and the guarantor has understood the clauses and provisions fully and accurately. The bank has given
explanation on the provisions as required by the guarantor. Understanding of the guarantor on all terms and conditions in the letter of guarantee is in full accordance with that of the bank. 

Article 13 Laws applicable and settlement of disputes 

13.1 Formation and explanation of this Agreement and settlement of disputes arisen during performance shall be subject to the laws of the People’s Republic of China. Rights and benefits of both parties are protected by laws of the People’s
Republic of China. 

13.2 In case of disputes during performance of the Agreement, both parties shall seek for settlement through consultation. In case consultation fails,
either party can (mark a “X” in the following three options): 

[ ] 13.2.1 Apply to the people’s court in the location of Party
A; 

[ ] 13.2.2 Apply to the arbitration commission
__________________for arbitration; 

[ ] 13.2.3 Apply to (mark a “X” in the following two options):

[ ] China International Economic and Trade Arbitration
Commission (CIETAC) 

[ ] CIETAC ______________________ Branch 

For settlement according to the rules for arbitration of
financial disputes. 

13.3 After this Agreement and various specific contracts are
empowered with the validity for enforceability through notarization handled by
both parties, Party A is entitled to apply directly to the people’s court with
jurisdiction for enforcement of liabilities under this Agreement and the
specific contracts owed by Party B. 

14 Validation of the Agreement 

This Agreement shall become valid and effective after being
signed (sealed) by legal representatives / responsible persons or authorized
agents of both parties or stamped with official seal / special seal for contract
of both parties, as of the expiry date of the term of credit or the date when
the Agreement is terminated.Highland Ridge, Inc. - Exhibit 10.8 - Filed by newsfilecorp.com

Exhibit 10.8

No. 

 

 

Labor Contract 

(full time) 
 

Party A: Anhui Tec Tower Ltd. 
Party B: Chun Lu 

 

 

Made by Department of Labour and Social Security of Anhui
Province 

Contract Notes 

1. Employers and workers should guarantee to provide real and
effective information related to signing and fulfilment of the labour contract
(‘contract’ hereinafter) to the other party. 

2. If the term of the contract is more than three months while
less than one year, the probation period shall not exceed one month; if the
contract is for more than one year while less than three years, the probation
period shall not exceed two months; if the contract is of fixed-term and more
than three years, or of no fixed term, the probation period shall not exceed six
months. 

If the term of the contract is to complete a certain task or
less than three months, there shall not stipulate a probation period. 

The probation period is included in the contract period. If the
contract only stipulates a probation period, there should no probation period
and the stipulated time is the term of the contract. 

The salary of the employee in probation period shall not be
less than the lowest level of the same job post or not less than 80 percent of
the agreed contract salary, which shall not be less than the local minimum wage.

3. When the employee proposes or agrees to renew or enter into
a contract, if one of the following circumstances exists, a non-fixed term
contract should be entered into by the employer and employee, except for the
employee proposes a fixed term contract: 
(a) The employee has continuously
worked for employer for no less than ten years; 
(b) When the employer
implements the labor contract system for the first time or the re-establishment
of state-owned enterprise leads to restructure labor contracts, the employee has
continuously worked for employer for no less than ten years and has less than
ten years left over from the mandatory retirement age. 
(c)The employee has
consecutively signed fixed-term contract twice with employer, and he does not
have the same situatuons of Article 39 and the 1st and 2nd
item of Article 40, Labor Contract Law, he would renew the contract. 

4. Except for agreed period of service and competitive
restrictions, the employer shall not contract liquidated damages borne by
employee. 

	Party
      A(Employer)             
      Name: Anhui Tec Tower Ltd. 	  
	             
                         
                   Address: Anhui Jinde
      New Bridge Industrial Park 
	             
                         
                   Labor and employment
      registration certificate No.:________ 
	             
                         
                   Legal representative
      (People in charge): Chun Lu 
	                                               Tel.:0563-8023488
    
	Party
      B(Employee):            
      Name Chun Lu Gender Male 
	                                               Date
      of Birth March ,1974 Highest Degree Bachelor 
	             
                         
                   Registered permanent
      residence Fuyang, Zhejiang 
	                                               ID
      Card No. 330123197403015038 
	             
                         
                   Current residential
      address: Anhui Tec Tower Ltd. 
	                                               Mailing
      Address: Rm 2004, Guihua Rd No.34, Fuchun Street, Fuyang City,
  
	                                               Zhejiang
      Province 
	                                               Tel.:
      ________________

This Contract is signed on a basis of equality, voluntariness,
consensus and good faith by and between both parties in accordance to the Labor
Law of the People's Republic of China and the Labor Contract Law of the People's
Republic of China and other regulations. 

I Term of Contract 

1) Choose 1 as the way to give contract term 

1 Fixed term: The term of this contract shall commence on
1st January, 2010, and shall continue until
31st December, 2015. Among which, probation
period from dd mm yy to dd mm yy. 

2. Non fixed term: The term of this contract shall commence on
dd mm yy. Among which, probation period from dd mm yy to dd mm
yy. 

3. To complete a certain task as contract term, commencing on
dd mm yy until the completion of tasks only. The completion is marked by
_______. 

II Job description and workplace 

2) Party B agrees to hold the position of _CEO___ located in
_Jinde____ according to Party A’s requirement. 

3) Party B shall timely finish the quantity of work defined by
Party A and reach the required standards. 

III Working hours and vacations 

4) Party B’s position is in _3__ working schedule system 

1. Standard work schedule system: Party B’s daily working time
is not more than eight hours, not more than 40 hours per week. 

2. Integrated work schedule system: In the cycle of caculating
intergrated working time, the average daily working hours and average weekly
working hours do not exceed the statutory standard working hours. 

3. Irregular working system 

The jobs implementing integrated work schedule system or
irregular working system shall be subject to approval of labor administrative
department. 

5) Due to work requirements, Party A can extend working hours
after consultation with union and Party B, generally not more than 1 hour a day;
If there is a need for special reasons to extend the working hours, in the
condition of keeping Party B in good health, the extended working hours per day
shall not exceed 3 hours, and not more than 36 hours per month. 

6) Party A shall ensure that Party B enjoy all the rights of
holidays and vacations under the State regulations during the contract period.

III Labor remuneration 

7) In accordance with national, provincial relevant
regulations, and its own economic benefit and production and management
features, Party A can establish its own salary distribution system. Party A
shall determine Party B’s salary level according to the distribution system,
Party B’s postion and skill level ,and Party B’s performance. 

8) Party B’s salary during probation period is RMB ______per
month. 

When Party B’s probation expires, Party A shall determine Party
B’s salary in accordance with its own salary distribution system through the way
of ____: 1. Hourly rate. Party B’s salary is RMB _____/ month, with performance
pay (bonuses) and other kind of things paid according to Party A’s salary
distribution system and Party B’s contribution. 

2. Piece rate. Party A shall establish a scientific and
rational labor standards, each piece is priced at RMB ______. 

3. Other ways      
Confidential         RMB 21,600 annual
salary

9) Party A shall pay Party B’s labor remuneration monthly in
monetary form, the monthly pay day is ____. 

10) Within the period of this contract, Party B's salary
adjustment shall be determined in accordance with the salary distribution system
and employer’s collective contract. 

11) If Party A arrage Party B to extend the working hours, or
to work on off days or statutory holidays, Party A should rearrange Party B’s
rest time or pay the overtime wages according to the relevant law. 

VI Social insurance and welfare benefits 

12) In the duration of contract, both parties must participate
in social insurance in accordance with the relevant national and provincial
provisions, and pay social insurance premiums in full and on time, in which the
part which should be paid by Party B under the law shall be withhleld and
remitted by Party A from the payment of Party B’s salary. 

13) If Party B suffers from occupational diseases or injuries
at work, his remuneration and benefits shall be determined according to
national, provincial relevant regulations. 

14) If Party B is ill or injuriies out of work, his
remuneration and benefits shall be determined according to national, provincial
and employer’s collective contract relevant regulations. 

15)If Party B dies related with work, or dies related with
illness or non-work reasons, his remuneration and benefits shall be determined
according to national, provincial relevant regulations. 

16) Party B’s other benefits shall be determined according to
national, provincial and employer’s collective contract relevant regulations.

V Labor protection, working conditions and occupational hazards

17) Party A shall faithfully fulfill the obligation of
disclosure to the Party B as to potential occupational hazards of the job, and
Party B shall perform labor safety and health education to prevent accidents in
the labor process and to reduce occupational hazards. 

18) Party A should strictly implement national and provincial
regulations of labor safety, labor protection, occupational health and other regulations,
and provide Party B with safe and healthy labor conditions and necessary labor
protection supplies which comply with national requirements to protect the
safety and health of Party B. 

19) Party B must be in strict compliance with safety operating
procedures in the process of work. Party B have the right to refuse the
directives against regulations and forced risk-taking operations from the
management staff of Party A. 

20) Party B should provide protection to Party A according to
the special protection regualtions of the state on women and minor workers.
Party A shall carry out regular occupational health examinations on Party B
arranged in contact with occupational hazard operations by Party A. 

VI Fulfilment and changes of the contract 

21) Both parties should fully implement their respective
obligations in accordance with this contract and law. 

22) Upon Party A and Party B’s mutual agreement, the agreed
part in this contract can be changed in written form. 

VII Discharge and termination of the contract 

23) The termination of this contract between Party A and Party
B and the financial compensation payments shall be implemented in accordance
with reugulations of Labor Contract Law and other relevant provisions. 

24) Party A shall issue Party B the evidence of termination of
the contract when both parties terminate the contract, and Party A also have to
handle the transfer of Party B’s archive and social insurance relationship
within 15 days. 

Party B shall handle work handover according to agreed
arrangement by both parties. If Party A needs to pay economic compensation to
Party B in accordance with the relevant provisions of the contract, Party A
should handle the payment during work handover. VIII Disputes 25) If a dispute
arises when Party A and Party B carry out this contract, both parties should try
to settle it through consultations; If the agreement can not be reached, they
can apply for mediation, arbitration or litigation. 

IX Others 

26) Other agreed items 

If no other agreement or new agreement, this labor Contract
shall go into effect automatically. 

27) During the contract period, Party B should promptly informs
Party A of its changes of residential address, contact telephone number, mailing
address and so on. 

28) The unaddressed matters relating to this contract shall be
handled in accordance with national, provincial and other relevant regulations.
During the contract period, if part of this contract disagrees with the
national, provincial new requirements, the related matters should be handled
according to the new provisions. 

29) The contract is in duplicate, Party A and Party B each have
one copy. 

30) The contract is the basis to establish a labor relation and
deal with labor disputes, which should be kept properly by both parties. 

	Part A  /s/ Anhui Tec Tower Ltd.	Party B /s/ Chun Lu(Signature)
    
	Anhui Tec Tower Ltd.	Chun Ku
	Legal or authorized Representative 	  
	(Signature and Seal) 	  
		
	Date: 1st January, 2010	Date: 1st January,
  2010
	/s/ Chun Lu	 
	      Chun Lu	 

 

Labor Contract Change Section 

 

 

 

 

The previous signed contract between Party A and Party B has
expired on dd mm yy. Both parties will renew the contract with mutual
consent. 

1.Fixed term: The term of this contract shall commence on dd
mm yy, and shall continue until dd mm yy. 

2.Non fixed term: The term of this contract shall commence on
dd mm yy. 

3.To complete a certain task as contract term, commencing on
dd mm yy until the completion of tasks only. The completion is marked by _______. 

Other agreed items between both parties: _______

	Part A(Seal) 	Party B (Signature) 
	  	  
	Legal or authorized Representative 	  
	(Signature and Seal) 	  
	Date: dd mm yy 	Date: dd mm yy

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