Document:

EXHIBIT
10.1

     

    Loan
Contract

     

    No.:
Ba1 1101 080819 00042

    

    Lender
(Party A): International Business Department, Bank of Nanjing Co.,
Ltd.

    Borrower:
(Party B): Goldenway Nanjing Garment Co., Ltd.

    

    Whereas
Party B applies to Party A for, and Party A agrees to provide, the loan stated
below and in order to clarify the rights and liabilities of the two parties, and
to protect the legal rights and interests of both of them, Party A and Party B
have duly concluded the Contract for common observance, according to governing
laws and regulations, and through negotiation and agreement.

    

    Article
1  Amount of the Loan

    RMB39,600,000.00,
said Thirty-nine Million and Six Hundred Thousand RMB Yuan.

    

    Article
2  Usage of the Loan

    working
capital.

    

    Article
3  Term of the Loan

    Commencing
on August 19, 2008 and ending on February 18, 2009.

    The
actual term of the loan is subject to the one stipulated in the note which is a
constituent part of the Contract, and is equally binding.

    

    Article
4  Loan Interest, Default Interest and their Accrual and
Settlement

    

    4-1 Loan
Interest

    The
interest rate is monthly, and is calculated according to the method described in
Category 1 listed below:

     

    (Category
1) A fixed rate of 6.0225‰ remaining
unchanged within the Term of the Loan

     

    (Category
2) A floating rate adjusted upward or downward from the benchmark interest rate
(i.e. the loan interest rate of the same class published and put into force by
People’s Bank of China) by / % to /
‰; in case of
a PBC benchmark interest rate adjusted during the Term of the Loan, this
floating rate is to be adjusted from this benchmark by the upward or downward
margin agreed in this item, on next month’s corresponding day of the publishing
date. And this floating rate is subject to any other regulations stipulated by
People’s Bank of China.

    

    4-2
Default Interests

    (1) In
case of Party B’s failure in using the loan in compliance with the Contract, a
default interest is set by adding 100% to the loan interest of the
Contract.

    (2) In
case of the loan exceeding the term of loan of the Contract, a default interests
is set by adding 50% to the loan of interest of the Contract.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    (3) In
case of exceeding the term of loan or failure in using the loan in compliance
with the Contract, the interests are to be settled on default interest rates,
from the date of exceeding or the date of the said failure, until both the
principal and interests are repaid. For any interest not paid on time, a
compound interest is set by a default interest rate.

    

    4-3
Accrual of Interests

    The
interest of the loan is calculated from the date when the loan is provided.
Under the Contract the interest of the loan is calculated daily by a daily rate
= the monthly rate/30. In case Party B fails to pay the interest on time, a
compound interest rate is set from the next day of this failure.

    

    4-4
Settlement of Interests

    (1) For
the loan with a fixed interest rate, the interest is calculated with the rate
agreed upon. For the loan with a floating interest rate, an interest is
calculated within each floating term with a rate set within the term; while
multiple times of floatation were there for one calculation, one interest is
calculated within each floating term, and all the interests calculated are added
to a summation.

    (2) The
interest of the loan under the Contract is settled in a quarterly manner, and
the settling date is set on the 20th day of the last month of the
quarter.

    

    Article
5  Guarantee of the Loan

    

    5-1 For
the principal and interests (including compound interest and default interest,
and same in the following text) of the loan under the Contract, and any
penalties, damages, and relevant expenses (including but not limited to legal
cost, arbitration fee, property preservation charge, travel expense, execution
fee, notarial fee, attorney fee, eligibility fee, auctioneers fee, etc., and
same in the following text) for Party A to realize its creditor’s rights, one or
more types of following guaranties are provided by the guarantor
below:

    (1)
Jiangsu Ever-Glory International Enterprises Group Co., Ltd., acting as a
guarantor, provides a guaranty with joint liability guarantee, and concludes and
signs a guaranty contract with Party A.

    (2)
(Void) acting as a mortgagor, provides an underlying security with properties
legally owned by or at the disposal of itself, and concludes and signs a
relevant mortgage contract with Party A.

    (3)
(Void) acting as pledgor, provides a pledge of rights with rights legally owned
by or at the disposal of itself, and concludes and signs a relevant contract of
pledge of right.

    

    5-2 In
case of any changes in the guaranty or pledge under the Contract to the
disadvantage of the creditor’s rights of Party A, Party B shall provide a
guaranty or pledge recognized by Party A as required.

    

    Article
6  Provision and Expense of the Loan

    

    6-1 Only
when the following prerequisites are met simultaneously has Party A the
liability to provide the loan:

    (1) The
Contract becomes effective;

    (2) Party
B has completed the relevant formalities in approval, registration, document
delivery and others for the loan under the Contract in accordance with the
governing laws and regulations;

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    (3) When
the Contract is attached with a guaranty, the guaranty contract, agreement or
other guaranty means in conformity with Party A’s requirements, has taken
effect;

    (4) Other
pre-conditions set by both parties. (Void)

    

    6-2 Party
B’s Expending Plan of the Loan

    (Void)

    

    Article
7  Repayment of the Loan

    

    7-1
Unless agreed by Party A in writing, any repayment made by Party B under the
Contract, shall adhere to the principle of paying interest first and principal
after.

    

    7-2 Party
B shall pay due interest to Party A by the settling date. The first repaying day
falls on the first settling date after the loan was provided. Upon the last time
of repayment, all remaining interests shall be paid with the
principal.

    

    7-3 Party
B shall repay the principal according to a plan of Type 1 below:

    (Type 1)
Repayment of principal at once when due;

    (Type 2)
Repaying by installments, according to the plan below:

    (Void)

    

    7-4 Party
B shall deposit enough fund in an account opened by Party A before each repaying
date agreed upon under the Contract, to let it be transferred for the repaying,
or have a fund transferred from some other account for the repaying before the
repaying date.

    

    7-5 In
case of Party B fails to come to time as stipulated in the above item, Party A
is entitled to deduct its receivables directly from any settlement 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.

    

    Article
8  Repayment of the Principal in Advance

    

    8-1 If
wishing to repay the principal in advance, Party B needs to apply in writing
with Party A five days beforehand, and is able to repay the principal partly or
wholly only if Party A agrees. When the principal is repaid by Party B in
advance, the interests shall be calculated in the light of amount of the
principal repaid, number of days when the loan is used, and the loan interest
rate set by Article 4 of the Contract, and the interests shall be settled at
once with the repayment of the principal.

    

    8-2 In
the case of repayment of the principal in advance, Party B shall pay Party A a
compensation, the amount of the compensation = amount of repaid principal ×
number of days in advance × __ %.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    8-3 After
the principal was repaid partly, the remaining loan is still subject to the loan
interest set by the Contract.

    

    Article
9  Early Termination of the Loan

    When any
of the following situations happens, Party A is entitled to proclaim an early
termination of the loan, and demand Party B to repay the debt wholly at
once:

    

    9-1 Party
B has not wholly repaid the principal and interests according to terms and
conditions stipulated in the Contract;

    

    9-2 The
guarantor of pledgor under the Contract has violated laws, regulations, rules,
etc. or any stipulations of the guaranty or pledge contract, or these contracts
or other guarantee means have not gone into effect, or are of no effect, or have
been revoked, or the guarantor or pledgor or their mortgage or pledge have
changed in nature against the interest of creditor’s rights of Party A and Party
B has failed to provide other guaranty of pledge required by Party A, or the
guarantor or pledgor refuse to assume the obligation;

    

    9-3 Party
B caused or involved in major lawsuit or arbitration;

    

    9-4 Party
B encounters great operational or financial difficulties;

    

    9-5 Party
B produces fake documents or conceals important operational or financial
facts;

    

    9-6 Party
B changes the usage of the loan without authorization of Party A, or
misappropriates the loan, or engages in illegal and rule-violating
transactions;

    

    9-7 Party
B makes use of sham contracts with related parties, lodging note receivables or
accounts receivables without actual trading facts, to discount or impawn at the
banks, and to elicit capital or credit from the banks;

    

    9-8 Party
B refuses monitoring and inspection by Party A on its usage of the loan fund and
relevant operational or financial activities;

    

    9-9
Shareholding system reform, combination, merger, separation, joint-venture,
close-down application for rectification, dissolution application, bankruptcy
petition, etc. occurred on the side of Party B, which sufficiently affect the
security of creditor’s rights of Party A;

    

    9-10
Undesirable loan repaying was recorded of Party B, or other violations of the
Contract;

    

    9-11
Party B’s intentional evasion of repayment of the loan through connected
transactions;

    

    9-12
Party B’s violation of laws, regulations, rules or other obligations stipulated
in the Contract, which jeopardize the realization of the creditor’s rights of
Party A under the Contract.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    Article
10  Rights and Obligations of Party B

    

    10-1
Party B has the right to require Party A to release the loan in accordance to
the Contract.

    

    10-2
Party B shall use the loan in compliance with the purpose stipulated in the
Contract, and repay in full amount the principal and interest of the loan on
schedule according to the Contract.

    

    10-3
Party B shall not repay the loan ahead of time without Party A’s
consent.

    

    10-4
Party B shall actively cooperate with Party A and consciously subject itself to
Party A’s inspection and supervision over its use of the credit capital and its
business operation as well as financial activities, and provide Party A every
month, as required by Party A, documentation and information concerning its
financing and accounting status as well as 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 B, and at
the same time ensure the facticity, legality, integrality, validity of the
documentations provided.

    

    10-5
Party B shall pay the fees or expenses under the Contract for attorney service,
evaluation, registration, insurance, notarization, safekeeping, appraisal, etc.
in full amount and in a timely manner.

    

    10-6
Party B shall fulfill the following obligation of notifications:

    
      
        	
                (1) 
      

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

              

      

    

    
      	
               1) 
      

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

            

    

    
      	
               2) 
      

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

            

    

    
      
        	
                3) 
      

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

              

      

    

    
      	
               4) 
      

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

            

    

    
      
        	
                (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:

              

      

    

    
      	
               1) 
      

            	
              Separation,
      transformation, merger, termination, joint venture,
  etc.;

            

    

    
      	
               2) 
      

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

            

    

    
      	
               3) 
      

            	
              Changes
      in the top-five investors or
shareholders.

            

    

    
      
        	
                (3) 
      

              	
                In
      case of any occurrence of the above-mentioned events, Party B shall
      properly fulfill its repaying obligation under the Contract, and repay in
      full amount the principal and interest of the loan on schedule according
      to Article 7 of the Contract. Otherwise, Party A shall be entitled to
      proclaim an early expiration of the loan in accordance to Article 9 of the
      Contract.

              

      

    

    

    10-7
Party B shall not refuse to fulfill the obligations under the Contract on the
excuse of any dispute with a third party.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    10-8
Party B 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  Rights and Obligations of Party A

    

    11-1
Party A shall provide the loan according to the Contract, unless the provision
is delayed because of the reason not of Party A.

    

    11-2
Party A has the right to recover the principal and interest of the loan in full
amount.

    

    11-3
Party A has the right to inspect and supervise the production, operation and
financial situation of Party B, and is entitled to obtain the documentation of
Party B’s operation plan, statistics, finance and accounting.

    

    11-4
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
12  Default

    In case
of Party B’s violation of any laws, regulations, rules, etc. or any stipulations
of the Contract, Party A is entitled to exercise one or more rights listed
below:

    

    12-1 To
demand Party B to rectify its violation within a definite time;

    

    12-2 To
demand Party B to provide further guaranty recognized by Party A;

    

    12-3 To
stop providing the loan and/or proclaim an early expiration of the
loan;

    

    12-4 To
calculate and collect interest or compound interest in the light of Article 4 of
the Contract;

    

    12-5 To
exercise other viable rights as stipulated by laws, regulations, rules and the
terms and conditions with the Contract.

    

    Article
13  Applicable Laws and Settlement of Disputes

    

    13-1 The
Contract is concluded in accordance to the Laws of the People’s Republic of
China, which are applicable to the Contract.

    

    13-2
Where any dispute occurs in the course of the execution of the Contract, both
parties shall settle them through friendly negotiations. In case no settlement
is reached, they shall choose Type 1 from the following settling
manners:

    (Type 1)
Bring a lawsuit to the local people’s court at the locality of Party
A.

    (Type 2)
Apply to the (Void) arbitration commission for arbitration (the locality is
(void) ) by the commission with the arbitration rules active and effective at
the time the application is made.

    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.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    Article
14  Effectiveness, Amendment and Termination of the
Contract

    

    14-1 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 or 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.

    

    14-2
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 Amendment or determination, 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.

    

    14-3 In
case of Party B’s intention to extend the Term of the Loan, Party B should apply
to Party A in writing 10 days before the expiration of the loan, and it depends
on Party A’s decision after examination whether an extension is granted. If an
extension is agreed by Party A after examination, relevant agreements on
extension and repayment should be concluded.

    

    Article
15  Other Stipulations

    

    15-1 All
attachment to the Contract, and all legal documents related to the exercise of
the Contract are the component part of the Contract, and have equal legal force
as the Contract.

    

    15-2

    (Void)

    

    Article
16  Supplementary Provisions

    

    16-1 The
Contract is made in two copies, one is held by Party B, and one is held by Party
A. If the Contract is being guaranteed, (void) shall be held by the registrar.
All copies have equal force adaffect.

    

    16-2 Any
matters not covered by the Contract shall be handled by relevant national laws,
regulations and rules.

    

    Article
17  Declaration Provisions

    

    17-1 In
signing and exercising the Contract, both parties have been given the approval
of such authorities as competent decision-maker or supervision department, and
obtained the necessary, sufficient and legal authorization.

    

    17-2  In
signing the Contract, both 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.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    17-3  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 no mistake or omission of
facts disagreeing with the truth.

    

    17-4  Party
B has read all the content of the Contract. On request by Party B, Party A has
made 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.

    

    17-5  Party
A is a legally established bank, and is qualified to operate the business under
the Contract.

    

    
      
        	
                Party
      A (Seal):

              	 
      	
                Party
      B (Seal):

              
	 
      	 
      	 
      
	
                Legal
      Representative (Principal) (Name Seal):

              	 
      	
                Legal
      Representative (Principal) (Name Seal):

              
	
                (Or
      Authorized Agent)

              	 
      	
                (Or
      Authorized Agent)

              
	
                /s/  Ling DAI

              	 
      	 
      	
                /s/     Jiajun
      Sun

              	 
      
	
                International
      Business Department,

              	 
      	 
      
	
                Bank
      of Nanjing Co., Ltd. (seal)

              	 
      	
                Goldenway
      Nanjing Garment Co., Ltd. (seal)

              
	
                Address:

              	 
      	
                Address:

              
	
                Post
      Code:

              	 
      	
                Post
      Code:

              
	
                Tel.:

              	 
      	
                Tel.:

              
	
                On
      the Date of : August 19, 2008

              	 
      	
                On
      the Date of: August 18, 2008

              

      

    

     

    
      
         

      

      
        8EXHIBIT
10.2

       

      Mortgage
Contract

       

      No.
Ec1 1101 087031 00055

      

      Mortgagee
(Party A): International Business Department, Bank of Nanjing Co.,
Ltd.

      Mortgagor
(Party B): Goldenway Nanjing Garment Co., Ltd

      

      In order
to ensure the performance of the Contract of Maximum Amount of Loan numbered
A04110108073100053, which was concluded between Party A and Goldenway 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 mortgage 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  Representation and Warranties of Party B

      

      Party B
is the absolute, effective and legal owner, or someone who has the right to
dispose of , the mortgaged property, and there is no dispute about the ownership
or the right of disposition of the mortgaged property.

      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 mortgage absolutely out
of his own will.

      All the
declaration of intention by Party B under the Contract is true, and Party B has
made a sufficient and reasonable written explanation on the flaws of the
mortgaged property, and the explanation has been recognized and signed for by
Party A.

      The
mortgaged property under the Contract may be used to provide a guaranty of
mortgage in conformity with legal provisions, and has neither been subject to a
close-down, seizure, supervision or any other legal enforcement measures, nor
been publicly listed as within the scope of acquisition or removal and
rebuilding.

      Where all
or a part of the mortgaged property under the Contract is Party B assures to
notify the lessee of the mortgage arrangement, and notify Party A in writing of
the situation about the leasing, in which case a written document should have
been recognized and signed for by Party A.

      If being
a natural person, Party B confirms and assures that before the guaranty of
mortgage under the Contract was provided, he has made proper arrangement on the
bare necessities of life for himself and his family dependents, and the
disposition of the mortgaged property under the Contract by Party A in
satisfying his claim 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 a
specific granting of credit (including but not limited to a on-or-off balance
sheet business such as a loan, a commitment of loan, an acceptance, a discount,
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 31, 2008 to July 31, 2010, on the basis of the
Principal Contract.

      

      2-2 Party
B provides a guaranty of mortgage 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 a single
obligation overtop the foregoing time limit.

      

      Article
3  The Mortgaged Property

      

      The
particulars of the mortgaged property are seen in the attached List of Mortgaged
Property. Party B provides a guaranty of mortgage of maximum amount with the
property listed in the List of Mortgaged Property. It has been confirmed by both
Party A and Party B that the value assumption on the mortgaged property in the
List, neither is the basis on which the mortgaged property is evaluated when it
is disposed by Party A according to the stipulations of the Contract, nor makes
up a limit to any extent against Party A in enforcing the mortgage.

      

      Article
4  The Scope of the Guaranty of Mortgage

      

      The scope
of the guaranty of mortgage of maximum amount provided by Party B includes the
Principal Claim and the interest thereof (including compound interest and
default interest, and same in the following text), default fine, compensation
for damage and expenses 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 same in the following text).

      Party B
confirms and accepts out of his will, that when the Debtor fails to perform his
liability as 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  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 suretyship liability on the part of Party B shall not be
alleviated.

      Where the
interest rates are altered in the light of stipulations of the Principal
Contract during the time when the mortgage right exists, 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 suretyship
liability.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      Article
6  Independence 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 has
no impact on the Contract’s effectiveness. Where it is confirmed that the
Principal Contract was invalid or that it was revoked, Party B undertakes
further suretyship of joint and several liability for the Debtor’s debts coming
into being because he surrendered properties or compensated losses.

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

      

      Article
7  Possession of the Mortgaged Property and Its Document of
Title

      

      During
the period of the existence of the mortgage right, the mortgaged property is
possessed by Party B. Party B shall take good care of the mortgaged property and
take responsibilities to repair and maintain the mortgaged property to keep it
in good condition, and shall be ready to accept Party A’s inspection at any
moment.

      During
the period of existence of the mortgage right, if any situation occurred causing
any damage or loss to, or any decrease in the value of, the mortgaged property,
Party B shall notify Party A of which instantly, and either restore the original
value of the mortgaged property or provided further security recognized by Party
A within 10 days. All the expenses for the restoration of the original value of
the mortgaged property or the provision of the appended security are for the
account of Party B.

      During
the period of the existence of the mortgage right, other ownership certificates
of the mortgaged property are possessed by Party A.

      

      Article
8  Registration of Mortgaged Property

      

      The
mortgaged property under the Contract shall be registered, while Party B shall
actively cooperate with Party A to have the mortgaged property registered with
the government department responsible for the registration, supported by the
Contract and other relevant documents, within 3 days after the date of the
conclusion of the Contract.

      

      Article
9  Insurance of the Mortgaged Property

      

      During
the period of the existence of the mortgage right, Party B shall effect a
property insurance for the mortgaged property according to laws and in
compliance with the type, insured amount, and coverage of insurance assigned by
Party A. The insurance period shall not fall short of the term of the credit
granted plus 6 months starting from the expiration date of this term, and the
insured amount shall not be lower than the principal claim. Party B shall not
revoke or cut short the insurance on any excuse during the insurance period. If
Party B fails to effect the insurance as assigned by Party A, and in case of an
interruption, revocation or expiration of the insurance, Party A has the right
to complete the insurance formalities instead, while all expenses occurred
wherefrom shall be for Party B’s account and be additionally included in the
Scope of the Guaranty of Mortgage. The original insurance policy is held by
Party A, and it shall be stated in the insurance policy that Party A is the
first beneficiary of the insurance of the mortgaged property, and Party A has
the right to satisfy his claim directly with the insurance indemnity or satisfy
all of his claims under the Principal Contract beforehand.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      Article
10  Third Party Damage

      

      If the
conduct of a third party causes a decrease in the value of the mortgaged
property, the indemnification of the loss shall be deposited in a bank account
assigned by Party A. Party B agrees that Party A has the right to select
whatever mode listed below to manage this indemnification of the loss, and Party
B shall cooperate with Party A with the formalities:

      
        	
                (1)

              	
                Discharge
      or discharge ahead of time all or a part of the debt under the Principal
      Contract.

              

      

      
        	
                (2)

              	
                Transfer
      it into a fixed deposit, and use the deposit receipt to provide a guaranty
      of pledge on the debt under the Principal Contract, while conclude a
      relevant pledge contract with Party
A.

              

      

      
        	
                (3)

              	
                Transfer
      it into a security to provide a guaranty of pledge on the debt under the
      Principal Contract, and conclude a relevant pledge contract with Party
      A.

              

      

      
        	
                (4)

              	
                Use
      it to renovate the mortgaged property by written agreement of Party A to
      restore the value of the mortgaged
property.

              

      

      
        	
                (5)

              	
                After
      providing further guaranty in conformity of the requirement of Party A,
      Party B may dispose the indemnification at his
  will.

              

      

      If the
conduct of a third party causes the value of the mortgaged property to become
insufficient to discharge all the debt under the Principal Contract, Party B
shall provide a further guaranty recognized by Party A, while the remaining
value of the mortgaged property is still used for the guaranty of the
claim.

      

      Article
11  The Disposal of the Mortgaged Property

      

      Without a
written consent of Party A, Party B shall not denote, transfer, swap, repeatedly
mortgage, move the mortgaged property under the Contract, or dispose of it in
any other manners, and any such disposal is invalid.

      Where
Party B disposes of the mortgaged property under the Contract with a written
consent of Party A, the proceeds obtained by the disposal shall be deposited in
an account assigned by Party A. Party B agrees that Party A has the right to
select whatever mode listed below to manage the proceeds, and Party B shall
cooperate with Party A with the formalities:

      
        	
                (1)

              	
                Discharge
      or discharge ahead of time all or a part of the debt under the Principal
      Contract.

              

      

      
        	
                (2)

              	
                Transfer
      it into a fixed deposit, and use the deposit receipt to provide a guaranty
      of pledge on the debt under the Principal Contract, while conclude a
      relevant pledge contract with Party
A.

              

      

      
        	
                (3)

              	
                Transfer
      it into a security to provide a guaranty of pledge on the debt under the
      Principal Contract, and conclude a relevant pledge contract with Party
      A.

              

      

      
        	
                (4)

              	
                After
      providing further guaranty in conformity of the requirement of Party A,
      Party B may dispose the indemnification at his
  will.

              

      

      Under the
situations of requisition of removal and relocation, the proceeds obtained by
the disposal shall be managed according to foregoing terms.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      Article
12  Advanced Enforcement of the Right of Creditor

      

      Where
Party A proclaims an early maturity of the liability of the debtor under the
Principal Contract according to laws, regulations, rules etc. or the
stipulations of the Principal Contract, Party A has the right to dispose of the
mortgaged property according to laws, and has the priority to satisfy his claim
with the proceeds obtained from the disposal.

      

      Article
13  Rights and Obligations of Party B

      

      13-1
Where the mortgage right suffers or may suffer an infringement by a third party,
Party B is obliged to notify Party A and to take necessary measures to avoid
such infringement.

      

      13-2
Where the liability under the Principal Contract is in a foreign currency, Party
B shall undertake the suretyship 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 suretyship
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 suretyship liability is performed.

      

      13-3
Party B shall pay the fees or expenses under the Contract for evaluation,
notarization, insurance, registration, transference, appraisal, safekeeping,
lawsuit, arbitration, enforcement, auction, attorney service etc. in full amount
and in a timely manner.

      

      13-4
Where a decrease of value, a destruction or a loss happens to the mortgaged
property, or its physical form changes, or its ownership is disputed, Party B
shall notify Party A in writing within 3 days after the above-mentioned
occurrence or possible occurrence, and shall provide Party A further guaranty
recognized by Party A.

      

      13-5
Party B shall not refuse to fulfill the obligations under the Contract on the
excuse of any dispute with a third party.

      

      13-6
Party B enjoys the rights and takes the responsibilities in accordance with the
laws, regulations, rules, etc. and the terms and conditions of the
Contract.

      

      Article
14  Rights ad Obligations of Party A

      

      14-1
Party A has the right to directly demand Party B to undertake the mortgage
guaranty liability under the Contract for the unsatisfied claim of Party
A.

      

      14-2 Upon
enforcement of Party A of his mortgage right, as required by Party B, Party A
may provide Party B the relevant evidence of Party B’s performance of his
guaranty liability, with the exception of Party B being the debtor
himself.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      14-3
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
15  Default Liability

      

      In case
of Party B’s violation of any laws, regulations, rules, etc. or any stipulations
of the Contract, Party A has the right to demand Party B to rectify its
violation within a definite time, to further provide relevant guaranty, to
compensate for the loss, or whatever.

      

      Article
16  Applicable Laws and Settlement of Disputes

      

      16-1 The
Contract is concluded in accordance to the Laws of the People’s Republic of
China, which are applicable to the Contract.

      

      16-2
Where any dispute occurs in the course of the execution of the Contract, both
parties shall settle them through negotiations. In case no settlement is
reached, they shall choose Type 1 from the following settling
manners:

      (Type 1)
Bring a lawsuit to the local people’s court at the locality of Party
A.

       

      (Type 2)
Apply to the /
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
17  Effectiveness, Alteration and Termination of the
Contract

      

      17-1
Party A and Party B negotiated and confirm by their own will that the Contract
enters into effect when satisfying the following conditions at the same
time:

      
        
          	
                  (1)

                	
                  Where
      Party B is a legal person or any organization, the Contract shall be
      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 be 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.

                

        

      

      
        
          	
                  (2)

                	
                  The
      registration has been completed of the mortgaged property listed in the
      List of the Mortgaged
Property.

                

        

      

      

      17-2
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 determination, 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
18  Other Stipulations

      

      18-1
Party B has fully acknowledged the risk of exchange rate fluctuation, and if the
Principal Contract adopts floating interest rate, Party B undertakes, out of his
will, the guaranty liability increased because of such fluctuation.

      

      18-2
Failing to perform his obligation under the Contract, Party B is willing to be
subject to force implement.

      

      18-3 All
attachment to the Contract, and all legal documents related to the exercise of
the Contract are the component part of the Contract, and have equal legal force
as the Contract.

      

      18-4
(Void)

      

      Article
19  Supplementary Provisions

      

      19-1 The
Contract is made in three copies, one is held by Party B, one is held by Party
A, and one is held by the registration department of the mortgaged property,
while each copy has the equal legal force.

      

      19-2 Any
matters not covered by the Contract shall be handled in compliance with relevant
national laws, regulations and rules.

      

      Article
20  Declaration Provisions

      

      20-1 In
signing and exercising the Contract, both parties have been given the approval
of such authorities as competent decision-maker or supervision department, and
obtained the necessary, sufficient and legal authorization.

      

      20-2 In
signing the Contract, 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.

      

      20-3
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 no mistake or
omission of facts disagreeing with the truth.

      

      20-4
Party B has read all the content of the Contract. On request by Party B, Party A
has made 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.

      20-5
Party A is a legally established bank, and is qualified to operate the business
under the Contract.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      Attachment:
List of Mortgaged Property

      

      
        	
                Building Property Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Plot No.

              	
                21206143019

              	
                Mortgaged 

                Area

              	
                2049.74m2

              	
                Ownership

                Certificate No.

              	
                江宁房权证东山字

                 

                 

                第J00032215号

              
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right 

                Certificate No.

              	  
	
                Appraised Value

              	  
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	
                21206143019

              	
                Mortgaged 

                Area

              	
                6669.14m2

              	
                Ownership

                Certificate No.

              	
                江宁房权证东山字

                 

                 

                第J00032216号

              
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right 

                Certificate No.

              	  
	
                Appraised Value

              	  
	
                Land Use Right Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	
                21206143019

              	
                Map No.

              	  	
                Mortgaged

                Area

              	
                11244213m2

              
	
                Use Right 

                Certificate No.

              	
                宁江国用(2006)

                第06340号

              	
                Use Right

                Type

              	
                Sold

              	
                Appraised

                Value

              	  
	
                Location

              	  
	
                Land No.

              	  	
                Map No.

              	  	
                Mortgaged

                Area

              	  
	
                Use Right 

                Certificate No.

              	  	
                Use Right

                Type

              	  	
                Appraised

                Value

              	  
	
                Others

              
	
                Name

              	  	
                Locative

              	  
	
                Number or Area

              	  	
                Term of Usage

              	  
	
                Appraised Value

              	  	
                Ownership Certificate No.

              	 
      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	
                Building
      Property Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Plot No.

              	
                21206143019

              	
                Mortgaged 

                Area

              	
                2049.74m2

              	
                Ownership

                Certificate No.

              	
                江宁房权证东山字

                 

                 

                第J00032217号

              
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right 

                Certificate No.

              	  
	
                Appraised Value

              	  
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	
                21206143019

              	
                Mortgaged 

                Area

              	
                2474.12m2

              	
                Ownership

                Certificate No.

              	
                江宁房权证东山字

                 

                 

                第J00032218号

              
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right 

                Certificate No.

              	  
	
                Appraised Value

              	  
	
                Land Use Right Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	  	
                Map No.

              	  	
                Mortgaged

                Area

              	  
	
                Use Right 

                Certificate No.

              	  	
                Use Right

                Type

              	  	
                Appraised

                Value

              	  
	
                Location

              	  
	
                Land No.

              	  	
                Map No.

              	  	
                Mortgaged

                Area

              	  
	
                Use Right 

                Certificate No.

              	  	
                Use Right

                Type

              	  	
                Appraised

                Value

              	  
	
                Others

              
	
                Name

              	  	
                Locative

              	  
	
                Number or Area

              	  	
                Term of Usage

              	  
	
                Appraised Value

              	  	
                Ownership Certificate No.

              	 
      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	
                Building Property Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Plot No.

              	
                21206143019

              	
                Mortgaged 

                Area

              	
                6669.14m2

              	
                Ownership

                Certificate No.

              	
                江宁房权证东山字

                 

                 

                第J00032219号

              
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right 

                Certificate No.

              	  
	
                Appraised Value

              	  
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	
                21206143019

              	
                Mortgaged 

                Area

              	
                865.32m2

              	
                Ownership

                Certificate No.

              	
                江宁房权证东山字

                 

                 

                第J00032220号

              
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right 

                Certificate No.

              	  
	
                Appraised Value

              	  
	
                Land Use Right Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	  	
                Map No.

              	  	
                Mortgaged

                Area

              	  
	
                Use Right 

                Certificate No.

              	  	
                Use Right

                Type

              	  	
                Appraised

                Value

              	  
	
                Location

              	  
	
                Land No.

              	  	
                Map No.

              	  	
                Mortgaged

                Area

              	  
	
                Use Right 

                Certificate No.

              	  	
                Use Right

                Type

              	  	
                Appraised

                Value

              	  
	
                Others

              
	
                Name

              	  	
                Locative

              	  
	
                Number or Area

              	  	
                Term of Usage

              	  
	
                Appraised Value

              	  	
                Ownership Certificate No.

              	 
      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	
                Building
      Property Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Plot No.

              	
                21206143019

              	
                Mortgaged 

                Area

              	
                2232.36m2

              	
                Ownership

                Certificate No.

              	
                江宁房权证东山字

                 

                 

                第JN00036329号

              
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right 

                Certificate No.

              	  
	
                Appraised Value

              	  
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	
                21206143019

              	
                Mortgaged 

                Area

              	
                2023.24m2

              	
                Ownership

                Certificate No.

              	
                江宁房权证东山字

                 

                 

                第JN00036332号

              
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right 

                Certificate No.

              	  
	
                Appraised Value

              	  
	
                Land Use Right Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	  	
                Map No.

              	  	
                Mortgaged

                Area

              	  
	
                Use Right 

                Certificate No.

              	  	
                Use Right

                Type

              	  	
                Appraised

                Value

              	  
	
                Location

              	  
	
                Land No.

              	  	
                Map No.

              	  	
                Mortgaged

                Area

              	  
	
                Use Right 

                Certificate No.

              	  	
                Use Right

                Type

              	  	
                Appraised

                Value

              	  
	
                Others

              
	
                Name

              	  	
                Locative

              	  
	
                Nember or Area

              	  	
                Term of Usage

              	  
	
                Appraised Value

              	  	
                Ownership Certificate No.

              	 
      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	
                Building Property Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Plot No.

              	
                21206143019

              	
                Mortgaged 

                Area

              	
                2600.14m2

              	
                Ownership

                Certificate No.

              	
                江宁房权证东山字

                 

                 

                第JN00036335号

              
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right

                 Certificate No.

              	  
	
                Appraised Value

              	  
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	  	
                Mortgaged 

                Area

              	  	
                Ownership

                Certificate No.

              	  
	
                Usage

              	  	
                In Set

                or Not

              	
                  O In Set

                  O Not in Set

              	
                Land Use Right 

                Certificate No.

              	  
	
                Appraised Value

              	  
	
                Land Use Right Mortgage

              
	
                Location

              	
                509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing, China

              
	
                Land No.

              	  	
                Map No.

              	  	
                Mortgaged

                Area

              	  
	
                Use Right 

                Certificate No.

              	  	
                Use Right

                Type

              	  	
                Appraised

                Value

              	  
	
                Location

              	  
	
                Land No.

              	  	
                Map No.

              	  	
                Mortgaged

                Area

              	  
	
                Use Right 

                Certificate No.

              	  	
                Use Right

                Type

              	  	
                Appraised

                Value

              	  
	
                Others

              
	
                Name

              	  	
                Locative

              	  
	
                Number or Area

              	  	
                Term of Usage

              	  
	
                Appraised Value

              	  	
                Ownership Certificate No.

              	 
      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        
          
            
              
                	
                        Party
      A

                      	
                        Party
      B

                      
	
                        Legal
      Person or other

                        Organization

                      	
                        Natural
      Person

                        (not
      applicable)

                      
	 
      	 
      	 
      
	
                        Seal
      of Bank of Nanjing

                      	
                        Seal
      of Goldenway Nanjing

                      	
                        Signature:

                      
	
                        Co.,
      Ltd.

                      	
                        Garment
      Co., Ltd

                      	
                        (Or
      Authorized Agent):

                      
	 
      	 
      	 
      
	
                        Legal
      Representative

                      	
                        Legal
      Representative:

                      	
                        Kind
      of Identity Document:

                      
	
                        (Principle)
      Name Seal:

                      	
                        (Principle)
      Name Seal:

                      	
                        No.
      of Identity Document:

                      
	
                        (Or
      Authorized Agent):

                      	
                        (Or
      Authorized Agent):

                      	 
      
	
                        /s/ Lin Fuzhi

                      	
                        /s/ Sun Jiajun

                      	 
      
	
                        Address:

                      	
                        Address:

                      	
                        Address:

                      
	
                        Post
      Code:

                      	
                        Post
      Code:

                      	
                        Post
      Code:

                      
	
                        Contact
      No.:

                      	
                        Contact
      No.:

                      	
                        Contact
      No.:

                      
	
                        Date
      of Signing: 2008/07/31

                      	
                        Date
      of Signing: 2008/07/31

                      	
                        Date
      of Signing:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]