Document:

Exhibit
10.1

     

    A04

     

    Contract
of Maximum Amount of Claim

     

    No.
A04000010070700005

    

    Party
A: Bank of Nanjing Co., Ltd.

    Party
B: Golden Way Nanjing Garment Co., Ltd.

    

    In order
to ensure Party A has its claim paid by Party B to the maximum amount, and to
clarify the domain of credit of the guaranty of maximum amount, Party A and
Party B have entered into the Contract for common observance and joint
performance, according to governing laws, regulations and rules, and through
negotiation and agreement.

    

    Article
1  Definitions and Explanations

    

    
      	
              1.1

            	
              Maximum
      Amount of Claim referred to in the Contract is the maximum amount of the
      claims (including but not limited to such on-or-off balance sheet
      businesses as a loan, a commitment of loan, an acceptance, a discount
      cash, a bond buy-back, a business financing, a factor, a letter of credit,
      a letter of guarantee, an overdraft, an inter-bank lending, a guaranty,
      etc.) that will be determinated in succession during a given term (i.e.
      Claim-determinating Term). It is the summation of the balances of a credit
      Party A grants Party B during a given term, including the following two
      portions of undue balances of claim and due but unpaid balances of
      claim:

            

    

    
      	
            	
              (1)

            	
              Undue
      balance is the summation of all the claim balances to be paid but not paid
      because the term of debt-paying has not
expired;

            

    

    
      	
            	
              (2)

            	
              Due
      but unpaid balance is the summation of all the claim balances not paid by
      Party B despite of the expiration of the debt-paying
  term.

            

    

    The
above-mentioned Maximum Amount of Claim does not include a full amount pledge
provided by a deposit certificate, national debt, guarantee deposit, Golden Plum
Blossom financing product, or a full amount irrevocable guaranty of joint and
several liability provided by a financial organization recognized by Party A, or
a full amount policy-based credit insurance provided by China Export &
Credit Insurance Corporation, or the credit amount guaranteed by other measures
which are capable of risk compensation to the full amount and are recognized by
Party A.

    
      	
              1.2

            	
              Claim-determinating
      Term in the Contract is the period of time when claims occur. The claim of
      a guaranty of maximum amount is determinated when this Term
      expires.

            

    

    

    Article
2  The Maximum Amount of Claim and the Claim-determinating
Term

    

    The
Maximum Amount of Claim under the Contract is RMB50,000,000.00, said Fifty
Million RMB Yuan. The Claim-determinating Term is from July 6, 2010 to July 6,
2012.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    During
the above-mentioned period of Term, the summation of the credit balances granted
to Party B by Party A shall not exceed the Maximum Amount of Claim. When some
claims are repaid, Party B may apply for the re-use of the repaid
portion.

    

    Article
3  The Occurrence of Claim

    

    The
above-mentioned Maximum Amount of Claim does not mean a public granting of
credit by Party A to Party B, and does not constitute any commitment of Party A
for Party B.

    During
the Claim-determinating Term and within the Maximum Amount of Claim, Party B
applies for specific businesses amount by amount based on its fund shortage, and
only can use the capital after Party A has audited, ratified, and agreed to its
usage. The beginning date of such a business shall be within the
Claim-determinating Term, but the ending date of such a business shall or shall
not be within this Term depending on the specific business contracts, agreements
or the applications related to the business. These specific business contracts,
agreements or the applications related to the business are all the legal part of
the Contract.

    

    Article
4  The Guaranty of Maximum Amount

    

    
      
        	
                4.1

              	
                To
      ensure that Party B makes the repayment of the claims occurred in
      succession during the Claim-determinating Term, one or more forms of
      guaranty are provided to Party A by the following
  sureties:

              

      

    

    
      	
            	
              (1)

            	
              Jiangsu
      Ever-Glory International Group Corporation provides the guaranties of
      suretyship of maximum amount, and concludes with Party A related Contracts
      of Suretyship of Maximum Amount at the time when the Contract takes
      effect.

            

    

    
      	
            	
              (2)

            	
              Golden
      Way Nanjing Garment Co., Ltd. provides a pledge guarantee of maximum
      amount, and concludes with Party A a related Contract of Pledge of Maximum
      Amount at the time when the Contract takes
  effect.

            

    

    
      	
            	
              (3)

            	
              /
      provides the pledge of rights guarantee of maximum amount, and concludes
      with Party A a related Contract of Pledge of Rights of Maximum Amount at
      the time when the Contract takes
effect.

            

    

    
      	
              4.2

            	
              For
      any change to the guaranty under the Contract which went against the claim
      of Party A, Party B, by notification of Party A, shall provide further
      guaranty recognized by Party A as
required.

            

    

    

    Article
5  Remedy for Breach of the Contract

    

    In case
of any violation by Party B of laws, regulations, rules, etc. or any
stipulations of the Contract, Party A is entitled to execute one or more of the
following rights:

    
      	
              (1)

            	
              to
      demand Party B rectify its violation within a definite
    time;

            

    

    
      	
              (2)

            	
              to
      demand Party B provide further guaranty recognized by Party
    A;

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              (3)

            	
              to
      demand Party B takes the default liability, and compensate all loss
      sustained by the Party A and bear all charges and
      expenditures made by the Party A (including but not limited to a
      retaining fee, any legal cost, arbitration charge, appraisal charge,
      damage provention, enforcement cost, notarization
      fee, assessment fee, auction
  cost) ;

            

    

    
      	
              (4)

            	
              to
      execute other rights provided by laws, rules, regulations, or stipulations
      of the Contract.

            

    

    

    Article
6  Applicable Laws and Settlement of Disputes

    

    
      	
              6.1

            	
              The
      Contract is concluded in accordance with the laws of People’s Republic of
      China, which are applicable to the
Contract.

            

    

    
      	
              6.2

            	
              Any
      dispute occurred in the course of the execution of the Contract shall be
      settled through negotiations. In case of no settlement is reached, Type 1
      shall be chosen from the following settling
  manners:

            

    

    (Type 1)
Bring a lawsuit to the People’s Court at the locality of Party A.

    
      
        	
                (Type 2)

              	
                Apply
      to / Arbitration Commission for arbitration (the locality is / ) with the
      arbitration rules active and effective at the time the application is
      made. The arbitration decision is final and binding on both
      parties.

              

      

    

    In the
course of lawsuit or arbitration, terms and conditions under the Contract which
are not involved in the dispute shall still be executed or
fulfilled.

    

    Article
7  Effectiveness, Alteration and Termination of the
Contract

    

    
      	
              7.1

            	
              The
      Contract shall enter into effect on the day when it is signed by or sealed
      with the name stamp of the legal representative, principle, or authorized
      representative of Party A and sealed with the Corporate Seal or Special
      Contract Seal of Party A, and signed by or sealed with the name stamp of
      the legal representative or authorized representative of Party B and
      sealed with the Corporate Seal or Special Contract Seal of Party
      B

            

    

    
      	
              7.2

            	
              After
      the Contract enters into effect, neither Party A nor Party B shall
      arbitrarily alter or terminate it unless further stipulated by the
      Contract; in the case of needy alteration or termination, a written
      agreement should be reached by both parties through negotiation. All terms
      and conditions of the Contract remain effective before such written
      agreement is reached.

            

    

    

    Article
8  Other Stipulations

    

    /

    

    Article
9  Supplementary Provisions

    

    
      	
              9.1

            	
              The
      Contract is made in three copies, one is held by Party B, and one is held
      by Party A, and each copy has the equal legal
  force.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              9.2

            	
              Any
      matters not covered by the Contract shall be handled in compliance with
      relevant national laws, regulations and
rules.

            

    

    

    Article
10  Declaration Provisions

    

    
      	
              10.1

            	
              In
      signing and exercising the Contract, both parties have been approved by
      law or have been given the approval by the competent decision-maker
      stipulated in their respective articles of corporation or by government
      supervision department, and obtained the necessary, sufficient and legal
      authorization.

            

    

    
      	
              10.2

            	
              In
      signing the Contract, the parties expressed their true intentions, the
      signatures and seals were genuine, the signing representatives are
      authorized, and the Contract has legally binding on both
      parties.

            

    

    
      	
              10.3

            	
              Party
      B has the right to own its whole property, and all the documentation it
      produced to Party A is true, legal and effective, and contains neither
      mistake nor omission of facts which disagrees with the
    truth.

            

    

    
      	
              10.4

            	
              Party
      B has read all the content of the Contract. As requested by Party B, Party
      A has made relevant explanation on the terms and conditions of the
      Contract. Party B has got a full knowledge and understanding of the
      significations and legal consequences of the stipulations of the
      Contract.

            

    

    
      	
              16.5

            	
              Party
      A is a legally established bank, and is qualified to operate the business
      under the Contract.

            

    

    

    
      	
              Party
      A:

            	
              Party
      B:

            
	
              Bank
      of Nanjing Co., ltd.

            	
              Golden
      Way Nanjing Garment Co., Ltd.

            
	
              (Seal)

            	
              (Seal)

            
	 
      	 
      
	
              Legal
      Representative

            	
              Legal
      Representative

            
	
              (Principle
      or Authorized Agent):

            	
              (or
      Authorized Agent):

            
	
              (Signature)

            	
              (Signature)

            
	
              Lin
      Fuzhi (name seal)

            	
              Sun
      Jiajun (name seal)

            
	 
      	 
      
	
              Address:

            	
              Address:

            
	
              Post
      Code:

            	
              Post
      Code:

            
	
              Contact
      No.:

            	
              Contact
      No.:

            
	
              Date
      of Signing: 2010/8/2

            	
              Date
      of Signing: 2010/8/2Exhibit
10.2

    Ec1

    Contract
of Guaranty of Maximum Amount

    No.
Ec1000010070700002

    

    Creditor
(Party A): Bank of Nanjing Co., Ltd.

    Surety
(Party B): Jiangsu Ever-Glory International Group Corporation

    

    In order
to ensure the performance of the Contract of Maximum Amount of Claim numbered
A04 000010070700005, which was concluded between Party A and Golden Way Nanjing
Garment Co., Ltd. (hereinafter called the Debtor), and all specific business
contracts, agreements, and applications under this contract (hereinafter called
the Principal Contract), Party B is willing to provide the Debtor with a
guaranty of guaranty of joint and several liability of maximum amount. In order
to clarify their liabilities and keep to their credibility, Party A and Party B
have entered into the Contract for common observance and joint performance,
according to governing laws, regulations and rules, and through negotiation and
agreement.

    

    Article
1  Statement and Assurance of Party B

    

    
      	
              1.1

            	
              Party
      B has the principal qualification of a surety, and is capable to provide
      with a guaranty of suertyship, according to the laws of People’s Republic
      of China.

            

    

    
      	
              1.2

            	
              Party
      B is fully capable to undertake the guaranty liability, and such liability
      may not be alleviated or exempted due to any instruction received,
      financial situation changes, or any agreement reached with any
      body.

            

    

    
      	
              1.3

            	
              Party
      B has a full knowledge of the usage of the debt of the debtor under the
      Principal Contract, and Party B provides the debtor a guaranty of guaranty
      absolutely out of his own will while all of his declaration of will under
      the Contract is true.

            

    

    
      	
              1.4

            	
              If
      being a natural person, Party B confirms and assures that before providing
      the guaranty of guaranty under the Contract, he has made proper
      arrangement on the bare necessities of life for himself and his family
      dependents; Party A requires that Party B’s assumption of the guaranty
      liability shall not have any impact on the normal lives of Party B and his
      family members.

            

    

    

    Article
2  The Principal Claim

    

    
      	
              2.1

            	
              The
      Principal Claim secured under the Contract is the full value of the
      Principal Claim, namely RMB50,000,000.00, said Fifty Million RMB Yuan,
      formed by specific granting of credit (including but not limited to such
      on-or-off balance sheet businesses as a loan, a commitment of loan, an
      acceptance, a discount cash, a bond buy-back, a business financing, a
      factor, a letter of credit, a letter of guarantee, an overdraft, an
      inter-bank lending, a guaranty, etc.) conducted by Party A for the Debtor
      from July 6, 2010 to July 6, 2012, on the basis of the Principal
      Contract.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              2.2

            	
              Party
      B provides a guaranty of maximum amount for the above-mentioned Principal
      Claim, irrespective of the times and the amount of each time, or whether
      the expiry date of the time limit for the debtor to perform his obligation
      overtop the foregoing time limit.

            

    

    

    Article
3  Mode of Guaranty

    

    Party B
provides a guaranty of joint and several liabilities. Where the debtor either
wholly or partly defaults when the time limit for his performance of the
obligation of a single debt under the Principal Contract expires, Party A has
the right to directly demand Party B to perform his obligation of
guaranty.

    

    Article
4  The Scope of the Guaranty

    

    The scope
of the guaranty of maximum amount provided by Party B includes the Principal
Claim and the interest thereof (including compound interest and default
interest, similarly hereinafter), default fine, compensation for damage and
expenses of Party A for enforcing the claim (including but not limited to legal
cost, arbitration fee, property preservation charge, travel expense, notarial
fee, execution fee, attorney fee, eligibility fee, auctioneers fee, etc., and
the same below).

    Party B
confirms and accepts out of his will, that when the Debtor fails to perform his
liability stipulated in the Principal Contract, Party A has the right to
directly demand Party B to undertake his guaranty liability within the scope of
his guaranty, whether or not the claim of Party A under the Principal Contract
is benefited with other guaranty (including but not limited to a guaranty with
real rights).

    

    Article
5  Term of the Guaranty

    

    The term
of the guaranty is the period of two years from the expiry date of the
performance term of the liability caused by each time’s usage by the Debtor of
the line of credit under the Principal Contract.

    Where an
extension agreement was reached between Party A and the Debtor of the
performance term of each debt under the Principal Contract, the term of the
guaranty is the period of two years from the expiry date of the performance term
of a certain debt reappointed by the extension agreement; where Party A
withdraws its creditor’s rights or terminates this agreement ahead of time
according to laws, regulations, rules or stipulations in the Principal Contract,
the term of the guaranty is the period of two years from the advanced expiry
date of the Principal Liability or termination date of the Principal
Contract.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Article
6  Conclusion and Alteration of the Principal Contract
Guaranteed

    

    Particulars
related to specific amount, term, interest, usage, etc. of the Principal Claim,
shall be stipulated by Party A and the Debtor in the Principal
Contract.

    Party B
confirms that, except for the increase of line of credit and the extension of
term of guaranty, the conclusion of the Principal Contract or the alteration of
the Principal Contract through agreement by Party A and the Debtor, are deemed
as being agreed in advance by Party B, and need not to be notified to Party B,
while the guaranty liability on the part of Party B shall not be
alleviated.

    Where
Party A and the Debtor alter the interest rates in the light of stipulations of
the Principal Contract, such alteration shall also be deemed as being agreed in
advance by Party B, and needs not to be notified to Party B, while Party B is
still obliged to undertake the guaranty liability.

    

    Article
7  Independent Effectiveness of the Contract

    

    The
effectiveness of the Contract is independent of the Principal Contract, complete
or incomplete invalidity of the Principal Contract or its likely revocation or
termination has no impact on the Contract’s effectiveness. Where it is confirmed
that the Principal Contract was invalid or that it was revoked or it was
terminated, Party B undertakes further guaranty of joint and several liabilities
for the Debtor’s debts coming into being because he surrendered properties or
compensated losses.

    Party B’s
guaranty liability under the Contract shall not change to any extent because of
merger, separation, changes of shareholdings, the lapse of capacity of civil
acts, disappearance, death or the declaration of disappearance or death of the
Debtor, or any other causes.

    

    Article
8  Advanced Enforcement of Guaranty Liability

    

    Where
Party A declares an advanced expiration of the liability under the Principal
Contract according to laws, regulations, rules etc. or stipulations in the
Principal Contract, Party A has the right to immediately demand Party B to
perform the liability of the guaranty.

    

    Article
9  Rights and Obligations of Party B

    

    
      	
              9.1

            	
              Party
      B has the obligation to supervise the guarantee’s performance of all the
      obligations under the Principal
Contract.

            

    

    
      	
              9.2

            	
              Party
      B shall actively cooperate with Party A and consciously subject itself to
      Party A’s inspection and supervision over its business operation and
      financial activities, and provide Party A every month, as required by
      Party A, documentation and information concerning its financing and
      accounting status and its production and operation situations, including
      but not limited to the provision within 10 working days in the first month
      of every quarter of the Balance Sheet, Income Sheet (Statement of Income
      and Expenditure for any public institution), and the provision at the end
      of each year of a Statement of Cash Flow, etc., and a timely provision of
      financial statement audited by any auditing body recognized by Party A,
      and at the same time ensure the facticity, legality, integrality, validity
      of the documentations provided.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              9.3

            	
              Where
      the liability under the Principal Contract is in a foreign currency, Party
      B shall undertake the guaranty liability in the currency agreed in the
      Principal Contract. If Party B does it in any other exchangeable currency
      or RMB, it shall secure the agreement of Party A, and perform the guaranty
      liability by converting such currency into the one agreed in the Principal
      Contract at the foreign exchange rate quoted at Bank of Nanjing Co., Ltd.
      on the day when the guaranty liability is
  performed.

            

    

    
      	
              9.4

            	
              Party
      B shall fulfill the following obligation of
  notifications:

            

    

    

    
      	
              9.4.1

            	
              Party
      B shall notify Party A in writing within 3 days of the occurring of the
      following events or of the founding of possibility of such occurrence on
      the side of Party B:

            

    

    
      	
              9.4.1.1

            	
              Party
      B meets with grave financial losses, which affects or possibly affects its
      repaying ability;

            

    

    
      	
              9.4.1.2

            	
              Party
      B involves or will involve in major lawsuits, arbitrations or other legal
      disputes;

            

    

    
      	
              9.4.1.3

            	
              Any
      change in Party B’s name, legal representative (responsible officer),
      address, telephone numbers, etc.;

            

    

    
      	
              9.4.1.4

            	
              Other
      events occurred on the side of Party B which affect or may affect its
      repaying ability.

            

    

    

    
      	
              9.4.2

            	
              Party
      B shall notify Party A in writing 30 days before the occurring or a
      possible occurrence of following events on the side of Party
      B:

            

    

    
      	
              9.4.2.1

            	
              Separation,
      transformation, merger, termination, joint venture, etc. on the side of
      Party B;

            

    

    
      	
              9.4.2.2 

            	
              Changes
      in the business scope or of the registered capital of Party
    B;

            

    

    
      	
              9.4.2.3 

            	
              Changes
      in the top-five investors or
shareholders.

            

    

    In case
of any occurrence of the above-mentioned events, which impacts or possibly
impacts Party B in terms of its undertaking of the guaranty liability, Party B
shall, as required by Party A, further provide other guaranty recognized by
Party A.

    

    
      	
              9.5

            	
              In
      case of being a natural person, Party B shall notify Party A in writing
      within 3 days after the occurrence or a possible occurrence of the
      following events, in addition to observing all the stipulations under the
      Contract:

            

    

    
      	
              9.5.1

            	
              Major
      casualty occurred to Party B himself or his family or its income has
      changed greatly, in which case the economic conditions worsens and impact
      or possibly impact his capability of
guaranty;

            

    

    
      	
              9.5.2 

            	
              Party
      B changed his occupation;

            

    

    
      	
              9.5.3

            	
              Party
      B meets with such events as unemployment, divorce, or serious
      diseases;

            

    

    
      	
              9.5.4

            	
              Party
      B meets with other events which cause Party B to lose or possibly lose his
      capability of guaranty, or impact his undertaking guaranty
      liability.

            

    

    In case
of any occurrence of the above-mentioned events, which impacts or possibly
impacts Party B in terms of its undertaking guaranty liability, Party B shall,
as required by Party A, further provide other guaranty recognized by Party
A.

    
      	
              9.6

            	
              Party
      B shall not refuse to fulfill the obligations under the Contract on the
      excuse of any dispute with a third
party.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9.7 Party
B enjoys the rights and assumes the responsibilities in accordance with the
laws, regulations, rules, etc. and the terms and conditions of the
Contract.

    

    Article
10  Rights and Obligations of Party A

    

    
      	
              10.1

            	
              Party
      A has the right to directly demand Party B to undertake the guaranty
      liability for the unsatisfied claim of Party A under the
      Contract.

            

    

    
      	
              10.2

            	
              Party
      A has the right to supervise the status of fund, properties, economy, etc.
      of Party B, and has the right to demand Party B to present related
      documentation as it is.

            

    

    
      	
              10.3

            	
              In
      terms of all the receivables from Party B within the scope of the
      guaranty, Party A has the right to deduct its receivables directly from
      any account opened by Party B at the side of Party A (including but not
      limited to current account, savings account, national debt account, etc.),
      and Party B bears by itself any interest, handling charge, loss from
      exchange rate fluctuation, etc. caused by the
  deduction.

            

    

    
      	
              10.4

            	
              Upon
      performance by Party B of his guaranty liability, Party A may provide
      Party B, as required by Party B, relevant evidence of such
      performance.

            

    

    
      	
              10.5

            	
              Party
      A enjoys the rights and takes the responsibilities in accordance with the
      laws, regulations, rules, etc. and the terms and conditions of the
      Contract.

            

    

    

    Article
11  Default Liability

    

    If the
Party B violates any law, rule, regulation or any term stipulated in this
contract, the Party A has the right to demand the Party B rectify such
violation within a limited period of time, further provide
relevant guarantee, compensate the loss sustained by the Party A and bear
all charges and expenditures made by the Party A (including but
not limited to a retaining fee, any legal cost, arbitration charge,
appraisal charge, damage provention, enforcement cost, notarization
fee, assessment fee, auction cost) for the purpose of realizing a
guaranty; and the Party A also has the right to take back the
creditor's rights under the terms of the Main Contract, and demand the Party B
to assume the responsibility of guarnaty in an immediate way.

    

    Article
12  Applicable Laws and Settlement of Disputes

    

    
      	
              12.1

            	
              The
      Contract is concluded in accordance to the laws of People’s Republic of
      China, which are applicable to the
Contract.

            

    

    
      	
              12.2

            	
              Any
      dispute occurred in the course of the execution of the Contract shall be
      settled through negotiations. In case of no settlement is reached, Type 1
      shall be chosen from the following settling
  manners:

            

    

    (Type 1)
Bring a lawsuit to the People’s Court at the locality of Party A.

    
      	
              (Type 2)

            	
              Apply
      to / Arbitration Commission for arbitration (the locality is / ) with the
      arbitration rules active and effective at the time the application is
      made. The arbitration decision is final and binding on both
      parties.

            

    

    In the
course of lawsuit or arbitration, terms and conditions under the Contract which
are not involved in the dispute shall still be performed or
fulfilled.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Article
13  Effectiveness, Alteration and Termination of the
Contract

    

    
      	
              13.1

            	
              Where
      Party B is a legal person or any organization, the Contract shall enter
      into effect on the day when it is signed by or sealed with the name stamp
      of the legal representative, principle, or accredited representative of
      Party A and sealed with the Corporate Seal or Special Contract Seal of
      Party A, and signed by or sealed with the name stamp of the legal
      representative or accredited representative of Party B and sealed with the
      Corporate Seal or Special Contract Seal of Party B; where Party B is a
      natural person, the Contract shall enter into effect on the day when
      signed by or sealed with the name stamp of the legal representative,
      principle, or accredited representative of Party A and sealed with the
      Corporate Seal or Special Contract Seal of Party A, and signed by Party B
      or his accredited representative.

            

    

    
      	
              13.2

            	
              After
      the Contract enters into effect, neither Party A nor Party B shall
      arbitrarily alter or terminate it unless further stipulated by the
      Contract; in the case of needy alteration or termination, a written
      agreement should be reached by both parties through negotiation. All terms
      and conditions of the Contract remain effective before such written
      agreement is reached.

            

    

    

    Article
14  Other Stipulations

    

    
      	
              14.1

            	
              Party
      B has fully acknowledged the risk of exchange rate fluctuation. If the
      Principal Contract adopts floating interest rate, Party B undertakes, out
      of his will, the guaranty liability increased because of such
      fluctuations.

            

    

    
      	
              14.2

            	
              All
      attachment to the Contract, and all the legal documents related to the
      execution of the Contract are the component part of the Contract, and have
      equal legal force as the Contract.

            

    

    14.3
/

    

    Article
15  Supplementary Provisions

    

    
      	
              15.1

            	
              The
      Contract is made in two copies, one is held by Party B, and one is held by
      Party A, and each copy has the equal legal
  force.

            

    

    
      	
              15.2

            	
              Any
      matters not covered by the Contract shall be handled in compliance with
      relevant national laws, regulations and
rules.

            

    

    

    Article
16  Declaration Provisions

    

    
      	
              16.1

            	
              In
      signing and exercising the Contract, both parties have been approved by
      law or have been given the approval by the competent decision-maker
      stipulated in their respective articles of corporation or by government
      supervision department, and obtained the necessary, sufficient and legal
      authorization.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              16.2

            	
              In
      signing the Contract, the parties expressed their true intentions, the
      signatures and seals were genuine, the signing representatives are
      authorized, and the Contract has legally binding on both
      parties.

            

    

    
      	
              16.3

            	
              Party
      B has the right to own its whole property, and all the documentation it
      produced to Party A is true, legal and effective, and contains neither
      mistake nor omission of facts which disagrees with the
    truth.

            

    

    
      	
              16.4

            	
              Party
      B has read all the content of the Contract. As requested by Party B, Party
      A has made relevant explanation on the terms and conditions of the
      Contract. Party B has got a full knowledge and understanding of the
      significations and legal consequences of the stipulations of the
      Contract.

            

    

    
      	
              16.5

            	
              Party
      A is a legally established bank, and is qualified to operate the business
      under the Contract.

            

    

    

    
      
        
          
            	 
      	 
      	
                    Party B

                  
	
                    Party A

                  	 
      	
                    Legal Person or other 

                    Organization

                  	 
      	
                    Natural Person

                    (Void)

                  
	 
      	 
      	 
      	 
      	 
      
	
                    Bank of Nanjing Co.,
      Ltd. (Seal)

                  	 
      	
                    Jiangsu
      Ever-Glory International Group Corporation
      (Seal)

                  	 
      	
                    Signature:

                    (or Authorized Agent):

                  
	 
      	 
      	 
      	 
      	 
      
	
                    Legal
      Representative (Principle or Authorized
      Agent):

                  	 
      	
                    Legal
      Representative  or Authorized Agent):

                  	 
      	
                    Kind
      of Identity Document:

                  
	
                    (Signature)

                  	 
      	
                    (Name
      Seal)

                  	 
      	
                    No.
      of Identity Document:

                  
	
                    Lin
      Fuzhi (name seal)

                  	 
      	
                    Wei
      Ruqin (name seal)

                  	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                    Address:

                  	 
      	
                    Address:

                  	 
      	
                    Address:

                  
	
                    Post
      Code:

                  	 
      	
                    Post
      Code:

                  	 
      	
                    Post
      Code:

                  
	
                    Contact
      No.:

                  	 
      	
                    Contact
      No.:

                  	 
      	
                    Contact
      No.:

                  
	
                    Date
      of Signing: 2010/8/2

                  	 
      	
                    Date
      of Signing: 2010/8/2

                  	 
      	
                    Date
      of Signing:

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