Document:

AGREEMENT

         THIS AGREEMENT ("Agreement") made the 15th day of July, 2009,
between CORNERSTONE BANK, a New Jersey chartered commercial bank (the "Bank"),
and __________________, an individual (the "Executive") (hereinafter,
collectively referred to as the "Parties").

                                   WITNESSETH:

         WHEREAS, the Bank desires to retain/continue the services of Executive
as ___________________________; and

         WHEREAS, Bank and Executive desire to enter into this Agreement to set
forth and define the terms and conditions of the employment relationship between
the Bank and Executive.

         NOW THEREFORE, in consideration of the mutual covenants and agreements
contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties, intending to be
legally bound, agree as follows:

                                   AGREEMENT:

1. EMPLOYMENT. The Executive is hereby employed as ______________________, (the
"Position") on the terms and conditions set forth in this Agreement.

2. DUTIES OF EXECUTIVE. The Executive shall perform and discharge well and
faithfully the duties set forth in the Bank's current written job description
for the Position, as it may be modified or supplemented from time to time by the
Chief Executive Officer of the Bank and/or the Bank's Board of Directors. The
Executive shall devote his/her full time, attention and energies to the business
of the Bank. During the Employment Period (as defined below), Executive will not
engage in any work, trade or business for his own account or for or on behalf of
any other person, firm or corporation other than the Bank, as an employee,
consultant, agent or otherwise. Executive may engage in non-competitive
charitable activities for reasonable periods of time each month so long as such
activities do not interfere with Executive's responsibilities under this
Agreement and so long as prior to engaging in any such activities, Executive
notifies the Bank's Senior Vice President of Human Resources of the Executive's
intention to engage in such activities, providing information about the charity
involved and Executive's proposed role, and thereafter Executive has been
notified by the Bank that he or she may engage in such activities.

3. TERM OF EMPLOYMENT. The Executive's employment under this Agreement shall be
for a period (the "Employment Period") commencing on ____________ and ending on
___________________, unless sooner terminated in accordance with this Section 5
hereof or one of the following provisions or unless the term hereof is extended
upon the occurrence of a Change in Control (as defined herein) pursuant to the
terms of Section 6 hereof.

<PAGE>

   (a) The Executive's employment under this Agreement may be terminated at any
time during the Employment Period for "Cause" (as herein defined), by action of
the Board of Directors of the Bank. As used in this Agreement, "Cause" means any
of the following events:

           (i) Violation of any law, rule or regulation (other than traffic
violations or similar minor offenses) that reflects adversely on the reputation
of the Company, any felony conviction, any violation of law involving fraud,
dishonesty or moral turpitude, or which would otherwise, in the reasonable
discretion of the Bank's Board of Directors, reflect negatively on the
reputation of the Bank, or any violation of any written agreement or order with
or issued by any regulatory authority having jurisdiction over the Bank.

           (ii) Executive's failure to adequately perform his duties and
responsibilities to the Bank, which performance deficiencies continue thirty
(30) days after the Bank shall have provided to the Executive written notice
setting forth the nature of the performance deficiencies, all as reasonably
determined by the Board of Directors.

           (iii) Any misconduct by the Executive, whether or not constituting
criminal activity, which involves fraud, embezzlement or material dishonesty
with respect to the Bank, its business or customers.

           (iv) Abuse of alcohol or other controlled substances which prevent
or interfere with Executive's personal interactions with employees, customers or
the public or Executive's performance of his duties under this Agreement.

           (v) Ineligibility to serve as an officer of director of a bank or a
publicly-held corporation under any Federal or state law or regulation or order
of the Securities and Exchange Commission or any bank regulatory agency having
jurisdiction over the Bank or the Executive.

           (vi) Any material breach of this Agreement.

If the Executive's employment is terminated under the provisions of this Section
3(a), then all rights of the Executive under Section 4 hereof shall cease as of
the effective date of such termination.

   (b) The Executive's employment under this Agreement may be terminated at any
time during the Employment Period without "Cause" (as defined in Section 3(a)
hereof), by action of the Board of Directors of the Bank, upon giving notice of
such termination to the Executive at least thirty (30) days prior to the date
upon which such termination shall take effect. If the Executive's employment is
terminated under the provisions of this Section 3(b), then the Executive shall
be entitled to receive the compensation and benefits set forth in Section 6 or
Section 7 hereof, whichever shall be applicable.

   (c) If the Executive dies, the Executive's employment under this Agreement
shall be deemed terminated as of the date of the Executive's death, and
notwithstanding any other language to the contrary in this Agreement, all rights
of the Executive under Section 4 hereof shall cease as of the date of such
termination and any benefits payable to the Executive shall be determined in
accordance with the retirement and insurance programs of the Bank then in
effect.

                                       2
<PAGE>

  (d) If the Executive is incapacitated by accident, sickness, or otherwise so
as to render the Executive mentally or physically incapable of performing the
services required of the Executive under Section 2 of this Agreement for a
continuous period of ninety (90) consecutive calendar days or for 120 calendar
days (whether or not consecutive) in any twelve (12) month period, then, upon
the expiration of such period or at any time thereafter, by action of the Board
of Directors of the Bank, the Executive's employment under this Agreement may be
terminated immediately upon giving the Executive notice to that effect. If the
Executive's employment is terminated under the provisions of this Section 3(d),
then all rights of the Executive under Section 4 hereof shall cease as of the
last business day of the week in which such termination occurs and any benefits
payable to the Executive shall be determined in accordance with the retirement
and insurance programs of the Bank then in effect.

   (e) The Executive may resign for "Good Reason" (as herein defined). As used
in this Agreement, "Good Reason" means any of the following:

           (i) Any demotion of the Executive to a position of lesser
responsibility or authority than the Position, except for termination of the
Executive's employment pursuant to the provisions of Section 3(a), (c) or (d)
hereof;

           (ii) Any assignment to the Executive of duties materially
inconsistent with the Position;

           (iii) Any reassignment of the Executive which necessitates or
requires the Executive to relocate the Executive's principal residence.
Executive will be considered to be required to relocate if the Executive's
assigned location (currently, the Bank's headquarters located at 6000 Midlantic
Drive, Mt. Laurel, NJ 08054) is moved and the executive's daily commute to or
from Executive's principal residence as of the date of this Agreement (
__________________________ ) would be increased by more than twenty (20) miles
one way (regardless of where Executive actually resides from and after the date
hereof);

           (iv) Any reduction in the Executive's annual base salary in effect on
the date hereof or as the same may be increased from time to time, except
insofar as such reduction, on a percentage basis (not to exceed ten (10%)
percent), is applied equally to all other Executive Vice Presidents of the Bank;

           (v) Following a "Change in Control," any failure of the Bank to
provide the Executive with benefits at least as favorable as those enjoyed by
the Executive under any of the retirement, life insurance, medical, health and
accident, disability or other employee plans of the Bank in which the Executive
participated at the time of the Change in Control, or the taking of any action
that would materially reduce any of such benefits in effect at the time of the
Change in Control;

           (vi) Any material failure to obtain a satisfactory agreement from any
successor to assume and agree to perform this Agreement, as contemplated in
Section 15 hereof; or

                                       3
<PAGE>

           (vii) Any breach of a material provision of this Agreement on the
part of the Bank.

   (f) Provided that the Executive has given the Bank written notice of any
event constituting Good Reason and such event remains uncured for thirty (30)
days after such notice, Executive may, at the option of the Executive, resign
from employment with the Bank under this Agreement by delivering notice in
writing (the "Notice of Termination") to the Bank (or its successor), and the
provisions of either Section 6 or Section 7 hereof shall thereupon apply.
Section 6 shall apply where "Good Reason" resulted from or occurred
contemporaneous with or after a Change in Control as defined by Section 5
hereof. Section 7 shall apply in all other instances where "Good Reason" exists.
Should Executive resign for any reason other than those defined above as Good
Reason, it shall be considered a voluntary resignation and all rights of
Executive to any compensation hereunder shall cease as of the date of such
voluntary resignation, and Executive shall only be entitled to be paid any
compensation earned up to the date of such termination.

4. EMPLOYMENT PERIOD COMPENSATION.

   (a) BASE SALARY. For services performed by the Executive under this
Agreement, the Bank shall pay (or cause to be paid to) the Executive a base
salary, during the Employment Period, of $____________________, with adjustments
thereafter as determined by the Board of Directors of the Bank, consistent with
this Agreement.

   (b) BONUS. The Board of Directors of the Bank, at its complete discretion,
may award Executive bonuses during the term of this Agreement. Nothing herein
shall require the award of any bonus to Executive.

   (c) OTHER BENEFITS. Benefits, including insurance, vacation, retirement, and
other fringe benefits, shall be the standard benefits of the Bank as they shall
exist from time-to-time. Executive's eligibility for and the terms of his
participation in such benefit plans is governed by the terms and conditions of
those plans, and by the policies of the Bank. Interpretation and application of
a plan to particular circumstances will be made by the Bank and/or the plan's
administrator and is within the Bank's and/or administrator's sole and absolute
discretion.

   (d) STOCK-BASED COMPENSATION. Executive shall be eligible to participate in
any Stock-Based Compensation plan adopted by the Board of Directors and made
applicable to all other Employees of the Bank. Said participation shall be
governed by and subject to the terms of the plan. The Board shall have the right
to determine the level of Executive's participation in any such plan.

5. CHANGE IN CONTROL.

  (a) As used in this Agreement, "Change in Control" means a change of control
of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), as enacted and in force on the date
hereof, whether or not Cornerstone Financial Corporation (the "Company"), the
parent holding company of the Bank, is then subject to such reporting
requirement; provided, however, that, without limitation, such a Change in
Control shall be deemed to have occurred if:

                                       4
<PAGE>

           (i) Any "person" (including a group acting in concert, as the term
"person" is defined in Section 13(d) of the Exchange Act, as enacted and in
force on the date hereof) becomes the beneficial owner" (as that term is defined
in Rule 13d-3, as enacted and in force on the date hereof, under the Exchange
Act) of securities of the Company representing thirty-five ( 35%) percent or
more of the combined voting power of the Company's then outstanding voting
securities;

           (ii) There occurs a merger, consolidation or other business
combination or reorganization to which the Company is a party, whether or not
approved in advance by the Board of Directors of the Company in which (A) the
members of the Board of Directors of the Company immediately preceding the
consummation of such transaction do not constitute a majority of the members of
the Board of Directors of the resulting corporation and of any parent
corporation thereof immediately after the consummation of such transaction, and
(B) the shareholders of the Company immediately before such transaction do not
hold fifty-one (51%) percent or more of the voting power of securities of the
resulting corporation;

           (iii) There occurs a sale, exchange, transfer, or other disposition
of substantially all of the assets of the Company, on a consolidated basis, to
another entity, whether or not approved in advance by the Board of Directors of
the Company, and thereafter the shareholders of the Company immediately before
such transaction do not hold fifty-one (51%) percent or more of the voting power
of securities of the acquiring entity;

           (iv) A plan of liquidation or dissolution of the Company, other than
pursuant to bankruptcy or insolvency, is adopted; or

           (v) During a period of two (2) consecutive years, individuals who at
the beginning of such period constitute the Board of Directors of the Company
cease to constitute a majority of such Board (unless the election or nomination
of each new director was approved by a vote of at least fifty-one (51%) of
directors who were directors at the beginning of such period).

6. RIGHTS IN EVENT OF TERMINATION OF EMPLOYMENT AFTER CHANGE IN CONTROL.

   (a) In the event that during the eighteen (18) month period following a
Change in Control (i) Executive resigns from employment hereunder for Good
Reason or (ii) Executive's employment is terminated without Cause or other than
as set forth in Sections 3(c) and (d), Executive shall be absolutely entitled to
receive the amounts and benefits set forth in this Section. Notwithstanding the
provisions of Section 3 hereof, following a Change in Control, this Agreement
shall be deemed to have a term of eighteen (18) months from the consummation of
such Change in Control.

   (b) Provided that Executive executes a release of the Bank, the Company, and
their respective subsidiaries, directors, employees and agents in the form
reasonably acceptable to Bank (the "Release"), for a period of eighteen (18)
months from the date of termination of employment, Executive shall be paid
Executive's base salary at termination (or, where greater, Executive's base
salary prior to any reduction thereof resulting in Good Reason for resignation),
said amounts to be paid in equal monthly installments, beginning on the later of
thirty (30) days following (i) the date of termination of employment, or (ii)
the receipt by the Bank of the approval of payment of such amounts by any
applicable regulatory agency, to the extent such approval is legally required at
that time, or (iii) the execution by Executive of the Release.

                                       5
<PAGE>

   (c) Provided Executive executes the Release, for a period of eighteen (18)
months from the date of termination of employment, Executive shall receive a
continuation of the medical insurance benefits in effect with respect to
Executive at the time of his termination, or, if the Bank cannot provide such
benefits because Executive is no longer an employee, a dollar amount which after
any applicable taxes paid by the Executive net of deductions is equal to the
cost to Executive of obtaining such benefits (or substantially similar
benefits).

   (d) If the payments and benefits pursuant to this Section 6, either alone or
together with other payments and benefits which Executive has the right to
receive from the Bank, would constitute a "parachute payment" under Section 280G
of the Internal Revenue Code (the "Code"), the payments and benefits pursuant to
this Section 6 shall be reduced or revised, in the manner determined by
Executive, by the amount, if any, which is the minimum necessary to result in no
portion of the payments and benefits under this Section 6 or any other payment
or benefit plan or agreement between executive and the Bank or its affiliates
being non-deductible to the Bank (or its successor) pursuant to Section 280G of
the Code and subject to the excise tax imposed under Section 4999 of the Code.
The determination of any reduction in the payments and benefits to be made
pursuant to this Section 6 shall be based upon the opinion of the Company's
independent public accountants and paid for by the Company.

   (e) Notwithstanding any other provision of this Section, no cash payments
shall be made to Executive pursuant to this Section unless and until he has
experienced a "separation from service" with the Bank and its affiliates, within
the meaning of Code Section 409A. In addition, if the Executive was a "specified
employee" within the meaning of Code Section 409A on the December 31 preceding
the separation from service, such cash payments shall be suspended for a period
of six (6) months from the date of such separation from service, but only to the
extent that such cash payment(s) is not exempt from Code Section 409A (e.g.
under the short term deferral, two (2) times or non-taxable exemptions). Any
cash payments so suspended shall be made in a single lump sum as soon as
practicable following the expiration of such six-month period. For purposes of
this and all other non-qualified deferred compensation plans of the Bank, the
specified employee effective date shall be January 1 of each year.

   (f) Benefits paid pursuant to Section 6(f), to the extent of payments made
from the date of termination of Executive's employment through March 15th of the
calendar year following such termination, are intended to constitute separate
payments for purposes of Treas. Reg. Section 1.409A-2(b)(2) and thus payable
pursuant to the "short term deferral" rule set forth in Treas. Reg. Section
1.409A-1(b)(4); to the extent such payments are made following said March 15th,
they are intended to constitute separate payments for purposes of Treas. Reg.
Section 1.409A-2(b)(2) made upon an involuntary seperation from service and
payable pursuant to Treas. Reg. Section 1.409A-1(b)(9)(iii), to the maximum
extent permitted by said provision.

                                       6
<PAGE>

7. RIGHTS IN EVENT OF TERMINATION OF EMPLOYMENT WITHOUT CAUSE OR EXECUTIVE'S
RESIGNATION FOR GOOD REASON, IN ABSENCE OF CHANGE IN CONTROL.

   (a) In the event that Executive's employment is terminated by the Bank during
the Employment Period without Cause or other than as set forth in Sections 3(c)
and (d), or Executive resigns for Good Reason, in either event prior to the
occurrence of a Change in Control, Executive shall be entitled to receive the
amounts and benefits set forth in this Section.

   (b) Provided Executive executes the Release, for a period of time equal to
the time from the date of termination of employment to end of Employment Period,
BUT IN NO EVENT greater than twelve (12) months nor less than three (3) months,
from the date of termination of employment (the "Severance Period"), Executive
shall be paid his base salary at termination (or, where greater, his base salary
prior to any reduction thereof resulting in Good Reason for resignation), said
amounts to be paid in equal monthly installments, beginning on the later of (i)
thirty (30) days following the date of termination of employment or (ii) the
receipt by the Bank of the approval of payment of such amounts by any applicable
regulatory agency, to the extent such approval is legally required at that time,
or (iii) Executive's execution of the Release.

   (c) Provided Executive executes the Release, for the duration of the
Severance Period, Executive shall receive a continuation of the medical
insurance benefits in effect with respect to Executive at the time of his
termination, or, if the Bank cannot provide such benefits because Executive is
no longer an employee, a dollar amount which after any applicable taxes is equal
to the cost to Executive of obtaining such benefits (or substantially similar
benefits).

   (d) Executive shall not be required to mitigate the amount of any payment
provided for in this Section by seeking employment or otherwise.

   (e) Notwithstanding any other provision of this Section, no cash payments
shall be made to Executive pursuant to this Section unless and until he has
experienced a "separation from service" with the Bank and its affiliates, within
the meaning of Code Section 409A. In addition, if the Executive was a "specified
employee" within the meaning of Code Section 409A on the December 31 preceding
the separation from service, such cash payments shall be suspended for a period
of six (6) months from the date of such separation from service, but only to the
extent that such cash payment(s) is not exempt from Code Section 409A (e.g.
under the short term deferral, two (2) times or non-taxable exemptions). Any
cash payments so suspended shall be made in a single lump sum as soon as
practicable following the expiration of such six (6) month period. For purposes
of this and all other non-qualified deferred compensation plans of the Bank, the
specified employee effective date shall be January 1 of each year.

   (f) Benefits paid pursuant to Section 7(e), to the extent of payments made
from the date of termination of Executive's employment through March 15th of the
calendar year following such termination, are intended to constitute separate
payments for purposes of Treas. Reg. Section 1.409A-2(b)(2) and thus payable
pursuant to the "short term deferral" rule set forth in Treas. Reg. Section
1.409A-1(b)(4); to the extent such payments are made following said March 15th,
they are intended to constitute separate payments for purposes of Treas. Reg.
Section 1.409A-2(b)(2) made upon an involuntary separation from service and
payable pursuant to Treas. Reg. Section 1.409A-1(b)(9)(iii), to the maximum
extent permitted by said provision.

                                       7
<PAGE>

8. POST EMPLOYMENT COVENANTS.

   (a) TRADE SECRETS AND CONFIDENTIAL INFORMATION. During the course of
Executive's employment with the Bank, certain business records and information
which the parties hereto acknowledge as Trade Secrets and Confidential
Information shall be made available by the Bank to Executive.

           (i) These Trade Secrets, which are not readily able to be compiled
from any publicly available source, include, but are not limited to the
following:

                    (A) Customer lists (including address, phone number and
                    contact person); mailing lists; customer information;
                    referral sources; advertising, solicitation, communications,
                    public relations, and marketing
                    plans/strategies/systems/techniques; banking products,
                    pricing and discounting formulas, financial information and
                    forecasts, schedules, lists, forms or calculations;
                    invoices; and customer preferences or history.

                    (B) Computer programs, and software; product design
                    concepts, details and specifications; logos and trademarks;
                    website, networking, and Internet forms and procedures;
                    business or technical processes, systems, methods, machines,
                    inventions or discoveries; policy & procedure manuals;
                    training manuals; forms; methods or procedures of operation;
                    financing, research and/or development strategies and
                    technologies; and all written or oral confidential or
                    proprietary information of the Bank, whether originated,
                    used, implemented, modified, developed, or disseminated by
                    the Bank in the course of its business operations.

           (ii) The Bank's confidential information includes, but is not limited
to, the information set forth in subsections (i) and (ii) above.

           (iii) During the term of this Agreement and thereafter, Executive
shall (i) keep confidential, and not disclose to any party, nor use or copy for
executive's own behalf, or for the benefit of any person or entity other than
the Bank the Bank's Confidential Information and Trade Secrets, and (ii) refrain
from using any Confidential Information or Trade Secrets of the Bank except in
furtherance of the Bank's business and in a manner expressly permitted by the
Bank in writing.

   (b) EMPLOYEE SOLICITATION. The Executive agrees that during the term of his
employment with the Bank and for the one (1) year period following the
termination thereof (for whatever reason) he shall not, whether directly or
indirectly, in any way for his own account or for the account of any other
person, venture, firm, business, corporation or enterprise, offer employment
to any employee of the Bank or attempt to induce or entice any regular or
temporary employee of the Bank to leave the employ of the Bank.

                                       8
<PAGE>

   (c) CUSTOMER SOLICITATION. Executive agrees, that in the event Executive's
employment terminates, regardless of the reason for said termination or the
party instituting the termination, Executive will not, directly or indirectly,
individually, or as partner or as agent, independent contractor, employee or
stockholder of any corporation, or for any business entity of any nature, for a
period of one (1) year from the termination of employment, regardless of the
reason for employment termination call upon, solicit, or be solicited, or
otherwise contact, service, sell to or perform any work for any Customer or
prospective Customer with which the Bank had a business relationship or
attempted to establish a business relationship during the twelve (12) months
prior to Executive's termination, nor during such period shall Executive solicit
customers or employees of the Bank or any of its affiliates to cease doing
business, in whole or in part, with the Bank, or any of its affiliates. The term
"Customer" as used in this subparagraph includes any person or entity conducting
banking business with the Bank, and includes branches, plants, divisions,
headquarters, sales offices, research centers, campuses or any other locations
of the customer, its parent, affiliates or subsidiaries and individuals employed
by the Customer subsequently engaged in business enterprises elsewhere.

   (d) Executive agrees, that in the event Executive's employment terminates,
regardless of the reason for said termination or the party instituting the
termination, Executive will not, directly or indirectly, individually, or as
partner or as agent, independent contractor, employee or stockholder of any
corporation, or for any business entity of any nature, for the period set forth
below (the "Covenant Period"), directly or indirectly own, manage, operate,
control, be employed by, participate in, render services to, or be connected in
any manner with the ownership, management, operation or control of another
insured depository institution that offers products or services similar or
equivalent to those offered by the Bank in the geographic area in which the Bank
is conducting such business at the date of termination of Executive's
employment. Executive acknowledges that it shall be a violation of this
subparagraph for Executive to conduct any business referred to herein within the
area referred to above, including but not limited to advertising or soliciting
or otherwise servicing in any way Customers within said area, even though
Executive, or its affiliated business, may be located outside said area.
Executive acknowledges the geographic scope of the Bank's business as presently
comprising all of the eight (8) southern counties of New Jersey, inclusive of
Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean, and Salem
Counties and acknowledges that in light of his duties for the Bank, the
geographic scope of this Agreement is reasonable. In the event Executive's
termination of employment happens on or after the occurrence of a Change in
Control, the Covenant Period shall be one (1) year from the date of termination,
and otherwise the Covenant Period shall be sixty (60) days. The Executive
acknowledges that these restrictions will not render him unable to find or
undertake gainful employment appropriate to his skills and experience.

   (e) SEVERABILITY. The parties acknowledge that subsections (a), (b), (c) and
(d) above are severable, and the invalidity or unenforceability of any
subparagraph or portion thereof will not impair the enforceability of the
remaining subparagraphs or portions.

   (f) RESORT TO COURTS.

                                       9
<PAGE>

           (i) In the event the Bank is obligated to resort to the courts for
the enforcement of any of the covenants contained in this agreement, Executive
agrees that the term of said covenants shall continue and the period of
post-employment restrictions referred to above shall be extended by a period of
time equal to that period beginning when any violation of said covenant
commenced and ending when the activities constituting such violation shall have
finally been terminated in good faith, or when there has been a final
adjudication by the trial court as to the enforcement of the covenant(s),
whichever is earlier.

           (ii) Executive also agrees that, in the event of his breach of this
Section 8, Employer shall be entitled to reimbursement of the full amount of the
Severance set forth in Sections 6 and/or 7 of this Agreement which has been paid
to Executive as of the date of the discovery of such breach and, further, the
Employer shall have no further obligation to pay him any remaining portion of
said Severance, if any. Notwithstanding such breach, the covenants contained in
Sections 6 and/or 7 and the remaining promises and covenants, including the
release in Section 2 of this Agreement shall remain in full force and effect.

           (iii) Executive agrees that the Employer may also recover from him,
in the event of a breach of any provision of Section 8, monetary relief in the
amount of all damages, costs, and expenses, including attorneys' fees incurred
as a result of the breach and/or in the enforcement of Section 8. Nothing
contained herein shall be construed as prohibiting the Employer from pursuing
any other remedies available for such breach or threatened breach.

   (g) MODIFICATION. Executive further agrees that if any portion of the
covenants set forth in this Agreement or the application thereof, is construed
to be invalid or unenforceable, the remainder of the covenant or covenants shall
then be given full force and effect without regard to the invalid or
unenforceable portions thereof, whether because of the area covered, the
duration thereof, or the scope thereof. Executive further agrees that the court
making such determination shall have the power to reduce the area and/or
duration, and/or limit the scope thereof and the covenant(s) as thereafter
reformed shall be enforceable in its reduced form and binding upon Executive.

9. INTELLECTUAL PROPERTY. Executive agrees to disclose and assign, and does
hereby assign, full and absolute right, title and interest to the Bank of any
and all ideas, designs, inventions, discoveries, banking products, and
improvements made by Executive for the Bank or otherwise related in any way to
his duties, of any kind or nature whatsoever, at any time during his employment
with the Bank (together with any and all works of authorship described in the
following sentence, referred to as "Intellectual Property"). Executive further
agrees that any work of authorship made by Executive for the Bank, or otherwise
related in any way to his duties, shall be deemed a "work made for hire" and the
Bank shall be the sole author of such work and the owner of all of the rights
comprised in the copyright of such work. To the extent the Bank is not
considered to be the sole author of any such work notwithstanding this
provision, the Executive hereby assigns full and absolute right, title and
interest in and to such works to the Bank and agrees to take all necessary and
or prudent steps to assist the Bank in perfecting its interests and rights
thereto.

                                       10
<PAGE>

10. NOTICES. Any notice required or permitted to be given under this Agreement
shall be deemed properly given if in writing and if mailed by registered or
certified mail, postage prepaid with return receipt requested, if to the
Executive to the last principal residence of the Executive shown on the payroll
records of the Bank, and in the case of notices to the Bank, to Cornerstone
Bank, 6000 Midlantic Drive, Mount Laurel, New Jersey 08054 Attn:
_______________.

11. WAIVER. No provision of this Agreement may be modified, waived, or
discharged unless such waiver, modification, or discharge is agreed to in
writing and signed by the Executive and an executive officer of the Bank
specifically designated by the Board of Directors of the Bank. No waiver by any
party hereto at any time of any breach by any other party hereto of, or
compliance with, any condition or provision of this Agreement to be performed by
such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time.

12. CONSTRUCTION OF TERMS. The language of all parts of this Agreement shall in
all cases be construed as a whole, according to its fair meaning, and not
strictly for or against any of the Parties, notwithstanding any statutory or
common law provisions which would suggest otherwise.

13. ASSIGNMENT. This Agreement shall not be assignable by either party hereto,
except by the Bank to any successor in interest to the business of the Bank.

14. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the
parties relating to the subject matter of this Agreement and supersedes any
prior agreement of the parties.

15. SUCCESSORS, BINDING AGREEMENT.

   (a) The Bank will require any successor (whether direct or indirect, by
purchase, merger, consolidation, or otherwise) to all or substantially all of
the business and/or assets of the Bank to expressly assume and agree to perform
this Agreement in the same manner and to the same extent that the Bank would be
required to perform it if no such succession had taken place. Failure by the
Bank to obtain such assumption and agreement prior to the effectiveness of any
such succession shall constitute a breach of this Agreement and the provisions
of Section 6 hereof shall apply. As used in this Agreement, "the Bank" shall
mean the Bank as hereinbefore defined and any successor to the respective
business and/or assets of the Bank as aforesaid which assumes and agrees to
perform this Agreement by operation of law, or otherwise.

   (b) This Agreement shall inure to the benefit of and be enforceable by the
Executive's personal or legal representatives, executors, administrators, heirs,
distributees, devisees, and legatees, but only to the extent of benefits
actually and specifically conferred by this Agreement to Executive under the
applicable circumstances.

16. TERMINATION. Any termination of the Executive's employment under this
Agreement or of this Agreement shall not affect the provisions of Sections 6, 7,
8 or 9 hereof which shall survive any such termination and remain in full force
and effect in accordance with their respective terms.

                                       11
<PAGE>

17. COOPERATION COVENANT. Both during and after the Employment Period, the
Executive shall cooperate fully with the Bank and with any legal counsel, expert
or consultant it may retain to assist it in connection with any judicial
proceeding, arbitration, administrative proceeding, governmental investigation
or inquiry or internal audit in which the Bank or any affiliate thereof,
including the Bank, may be or become involved, including full disclosure of all
relevant information and truthfully testifying on the Bank's behalf (or, at the
request of the Bank, on behalf of such affiliate of the Bank, including the
Bank) in connection with any such proceeding or investigation.

18. REPRESENTATION OF EXECUTIVE. As an inducement to entering into this
Agreement, the Executive represents to the Bank that his execution of and
performance under this Agreement will not constitute a violation by him of any
written or other contract, understanding, arrangement, duties or other
obligation pertaining to his performance of personal services, solicitation of
employees or customers, or other conduct on his part contemplated by this
Agreement.

19. VALIDITY. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

20. APPLICABLE LAW. This Agreement shall be governed by and construed in
accordance with the domestic laws (but not the law of conflict of laws) of the
State of New Jersey.

21. HEADINGS. The headings of the Sections of this Agreement are for convenience
only and shall not control or affect the meaning or construction or limit the
scope or intent of any of the provisions of this Agreement.

22. EFFECTIVE DATE; TERMINATION OF PRIOR AGREEMENT. This Agreement shall become
effective immediately, upon the execution and delivery of this Agreement by the
parties hereto. Upon the execution and delivery of this Agreement by the parties
hereto, any prior agreement relating to the subject matter hereof shall be
automatically terminated and be of no further force or effect.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                                     CORNERSTONE BANK

                                                     By: /s/
                                                         ----------------------

                                                     Date: _______________

                                                     EXECUTIVE

                                                     --------------------------

                                                     Date: --------------------

                                       12Unassociated Document

    Exhibit
10.1

    Contract
No.: 4403402912009110028

    China
Development Bank Co., Ltd.

    RMB
Capital

    Loan
Contract

    

    Loan
Type: short-term loans for construction project

    Project
Name: Operating Fund Loan Project of Shenzhen Diguang Electronics Co.,
Ltd.

    Borrower:
Shenzhen Diguang Electronics Co., Ltd.

    Lender:
China Development Bank Co., Ltd.

     

    Borrower:
Shenzhen Diguang Electronics Co., Ltd.

    Address:
23/F, Galaxy Century Building A, No.3069 Caitian Road, Futian District,
Shenzhen, China

    Legal
Representative: Song Yi

    Postal
Code: 518000

    Att: Ge
Mingbai

    Tel:
0755-26505997

    Fax:
0755-26634369

     

    Lender:
China Development Bank Co., Ltd.

    Add:
No.29 Fu Cheng Men Wai Dajie, Xicheng District, Beijing, China

    Legal
Representative: Chen Yuan

    Postal
Code: 100037

    
      Operation
Branch: China Development Bank Co., Ltd., Shenzhen Branch

    

    Branch
Address: 12-15/F,Citic Building,No.1093
Shennanzhonglu,Shenzhen,China

    Branch
Manager: Yu Xiaoping

    Postal
Code: 518031

    Attn:
Deng Yonghong

    Tel:
0755-25987775

    Fax:
0755-25982820

    

    The
Borrower agrees to borrow RMB loans from the Lender, and the Lender agrees to
offer loans to the Borrower. In accordance with the relevant national laws and
regulations, the Lender and the Borrower, following equality, voluntary
participation, fairness and the principle of good faith, entered into this
contract through consultation.

     

    Article
1 Definition

     

    Unless
expressly provided in this contract, the following terms in this contract are
defined as follows:

     

    (1) “Loan
Amount” refers to the amount that the Lender agrees to lend to the
Borrower.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (2)
“Withdrawal” means the Borrower withdraws the loans under this contract, once or
in several installments, and the performance of the Lender to transfer the loan
fund into the Borrower's Deposit Account under this contract.

    

    (3)
“Withdrawal Date” means the date when the Lender transfers the loan to the
Borrower’s Deposit Account under this contract.

    

    (4)
“Principal Payment Date” means the date when the Borrower repays the principal
of the loans.

    

    (5)
“Extension” means the performance of the Lender and Borrower to extend term of
the loan provided in this contract after mutual consultation.

    

    (6) “Loan
Account” means the account that is opened for the Borrower through the Lender’s
Operating Branch, which is used to record the distribution and return of
principal and interest accounts, etc.

    

    (7)
“Deposit Account” refers to the account that is opened for the Borrower by the
Lender’s Operating Branch or the settlement operating branch, through which the
Borrower should handle the loan-to-deposit and settlement business.

    

    (8)
“Funds Payment” means according to the Borrower’s request, the Lender pays the
funds of the loans into the Deposit Account, which is opened by the Borrower in
the Lender’s Operating Branch or settlement operation branch.

    

    (9)
“Lender’s Operating Branch” means the Lender’s branch organization that is in
charge of the execution of this contract and the post-loan management and other
related matters, etc. The above-mentioned performance under this contract made
by the Lender through the Lender’s Operating Branch is regarded as the
performance made by the Lender.

    

    (10)
“Grace Period” means the period which only interest is payable on the loan and
there is no need to make the repayment of the principal by the Borrower under
this contract.

    

    (11)
“Business Days” means the Lender’s business Days, beyond the national legal
holidays and public holidays.

    

    (12)
“Overdue Loans “mean the loans that are not returned within the redemption date
as stipulated in this contract, except for the prepayment.

    

    (13)
“Appropriation of Loan” refers to the loan that is not used according to the
purpose of the loan as stipulated under this contract.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Article
2 Loan Amount  

     

    The Loan
Amount under this contract is RMB 30 million (Capital: RMB thirty million
only.)

    

    Article
3 Purpose of the Loan

    

    The loan
under this contract shall be used for operating fund turnover.

    

    The
Borrower shall not appropriate the loans under this contract. The loans under
this contract shall not be used in the fields banned by the state and shall not
be used for security trading, future bargain and real estate business and other
scopes prohibited by the Lender.

    

    The
Borrower is required to pay the penalty of interest under this contract if the
loans are appropriated.

    

    Article
4 Loan Period

     

    The loan
period starts from the Withdrawal Date, to the day before the anniversary date
of the above mentioned date, for one year in total.

    

    Article
5 Interest Rate of the Loans

    

    (1) The
fixed interest rate applied to the loan under this contract is the Yearly RMB
benchmark interest rates available on the effective date of this contract from
the People’s Bank of China. The interest rate of the loans will not be adjusted
within the loan term under this contract.

    

    (2)The
overdue interest and appropriated loans under this contract will be charged, at
the penalty interest rate, from the first date of the Overdue Loan or
Appropriation of Loan, until the Overdue Loan is returned or the appropriation
is corrected. The calculation of the standard interest penalty is as
follows:

    

    (i) The
penalty interest rate of the Overdue Loan under this contract = the loans
interest rate implemented under this contract X 150%

    

    (ii). The
penalty interest rate of the Appropriation of Loan under this contract = the
loans interest rate implemented under this contract X 200%

    

    (iii). If
the loans are overdue and appropriated, the higher penalty interest will
apply.

     

    Article
6 Calculation of Interest and Its Expiry

     

    The
interest rate for the loan under this contract will be calculated starting from
the date when the Lender transfers the fund to the Borrower’s Deposit Account
opened by the Borrower in the Lender’s Operating Branch.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    The
expiry date of interest under this contract is March 20, June 20, September 20,
and December 20 every year. The interest payment date under this contract is the
first date after the interest expiry date. If the interest payment date is the
official holiday or public holiday; the interest payment date shall be postponed
to the Lender’s first Business Day after the official holiday or public holiday.
The last interest payment date is the repayment date of the last installment
under this contract. The interest shall be repaid along with the
principals.

    

    The
Borrower shall transfer the interest payable to its Deposit Account opened in
the Lender’s Operating Branch, 10 days before the interest payment date. The
interest in the above mentioned account shall be collected directly by the
Lender in the Lender’s Operating Branch. The Borrower shall bear all the related
expenditure incurred, in the event that it cannot transfer the interest to its
Deposit Account opened in the Lender’s Operating Branch.

    

    If the
Borrower cannot repay the interest of periodical payment, the compound interest
shall be charged by the Lender. As regards the interest charged on the Overdue
Loan and Appropriation of Loans, if it cannot be repaid on time, compound
interest will be charged at a relevant penalty interest rate.

    

    Article
7 Terms of Withdrawal

    

    The
Lender is entitled to refuse the Borrower’s Withdrawal application, in the event
that the Borrower fails to meet all the following conditions.

     

    
      
        	
                (1)

              	
                The
      loans contract remains in force, and the Borrower does not breach the
      conduct stipulated in this
contract.

              

      

    

     

    
      
        	
                (2)

              	
                The
      mortgage contract of No.5000298519 industrial land under the Borrower’s
      name, No.Zongdi A608-0133, which is located at Dongchang Road, Gongming
      Street, Baoan District, Shenzhen, has been signed and effective.
      The mortgage registration procedure has been
  completed.

              

      

    

     

    
      
        	
                (3)

              	
                The
      mortgage contract of the 16 suits of real estate under the Borrower’s
      name, which is located at 23/F, Galaxy Century Building A, No.3069,
      Caitian Road, has been signed and effective. The mortgage registration
      procedure has been completed.

              

      

    

     

    
      
        	
                (4)

              	
                The
      individual joint liabilities contract of guarantee signed by Mr. Song Yi
      and Mr. Song Hong.

              

      

    

     

    
      
        	
                (5)

              	
                The
      Borrower opens an account in the Lender’s Operating Branch according to
      the requirements of this
contract.

              

      

    

     

    
      	
              (6) 

            	
              The
      Borrower’s asset credibility will not be adverse to the
      Lender.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Article 8 Fund Withdrawal Plans and
Procedures

     

    The
Borrower is required to withdraw the loan funds of this contract according to
the following plans:

     

    Withdraw
the loan amount of RMB 30 million in June 2009.

    

    The
Borrower is required to submit the Withdraw Notification (see the format in
Annex 1) to the Lender’s Operating Branch 5 days before the agreed Withdrawal
Date, as well as the format and content complied with the Loan Certificate as
required by the Lender.

    

    If the
Borrower cannot withdraw the loan in accordance with the agreed date and amount
due to a special circumstance, the Borrower is required to submit a written
application to the Lender 5 days before the Withdrawal Date, and sign an
agreement for the change of Withdrawal plan with the Lender’s approval upon
inspection.

    

    If the
Borrower cannot withdraw the loan according to the agreed date and amount of the
Withdrawal plan agreement or the change agreement of Withdrawal plan, the Lender
is entitled to cancel portion of the loan, or to transfer the fund to the
Borrower’s Deposit Account in the Lender’s Operating Branch according to the
agreed date and amount, while the interest will be charged as agreed under this
contract.

    

    Article
9 Repayment Plans and Procedures

    

    The
Borrower is required to repay the principal loan to the Lender in accordance
with the following plans:

    

    The total
loan principals of RMB 30 million are repaid in full on the due date of the
loan.

    

    The
Borrower is required to transfer the total payable principal to its Deposit
Account opened in the Lender’s Operating Branch 5 days before the Principal
Payment Date agreed under this contract. The Lender collects the amount directly
in the above mentioned account.

    

    In case
that the Principal Payment Date under this contract is on a statutory holiday or
public holiday, the Borrower may repay the loan on the last Business day before
the statutory holiday or public holiday, the Lender shall not collect the
interest accrued in the actual Principal Payment Date to the Principal Payment
Date agreed under this contract; the Borrower may also pay the loan first
Business Day after the statutory holiday or public holiday, the interests
accrued in the agreed Principal Payment Date to actual Principal Payment Date
will be additionally charged by the Lender, at the interest rate under this
contract. Provided the loans are not repaid in full on the first Business Day
after the statutory holiday and public holiday, it will be deemed to be an
Overdue Loan, while the penalty interest will be charged at the interest rate of
the Overdue Loan from the Principal Payment Date agreed under this
contact.

    

    In the
event that the Borrower cannot repay the principal of the loans as the agreed
repayment plan under special circumstances, within the loans time limit under
the contract, the Borrower may apply for the adjustment to the repayment plan to
the Lender. The Borrower is required to submit the written application to the
Lender 90 days before the agreed Principal Payment Date, and upon the review and
approval to be made by the Lender, a modified agreement on the repayment plan
shall be signed.

     

    In the
event that the Borrower cannot repay the principal of the loans as the agreed
loan time limit of the contract under special circumstance, the payment
Extension may be applied to the Lender by the Borrower. The Borrower is required
to submit the written application to the Lender 90 days before the Principal
Payment Date of the last loan installment agreed in this contract, the Extension
agreement shall be signed upon the review and approval to be made by the
Lender.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    In case
that the Borrower cannot repay the principal of the due loans according to the
agreement under this contract, the penalty interest will be charged at the
penalty interest rate for the Overdue Loan as agreed in this
contract.

    

    Article
10 Sequence of Repayment

    

    In the
event that the funds repaid to the Lender is less than the total amount of the
debt due under this contract, the payment shall be arranged in accordance with
the following orders:

    

    
      	
              (1)

            	
              Payments
      for the payable expenses, compensations, damages and penalties in
      accordance with the law or the stipulations of this
    contract;

            

    

    

    
      	
              (2)

            	
              Payments
      for the payable penalty interest and compound
  interest;

            

    

    

    
      	
              (3)

            	
              Payments
      for the payable interest;

            

    

    

    
      	
              (4)

            	
              Payment
      for the amount of payable
principal.

            

    

    

    In case
that the repayment by the Borrower is not sufficient to pay off all the debt in
the same order, the outstanding debt shall be paid off according to the sequence
when the debt accrues.

    

    Article
11 Repayment of Loans in Advance

    

    
      	
              (1)

            	
              The
      Borrower may repay a partial of or full of loans under this contract ahead
      of schedule, but the Lender must be notified 10 Business Days in advance
      with the consent of the Lender.

            

    

    

    
      	
              (2)

            	
              The
      Borrower shall not request to withdraw the loans which are repaid in
      advance.

            

    

    

    
      	
              (3)

            	
              The
      amount repaid in advance will be first used to pay the final maturing
      loans, the repayment will be made in a reverse
  order.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	
              (4)

            	
              Regarding
      the advanced repaid loans under this contract, the interest rate of the
      loans will be still implemented in accordance with Article V of this
      contract.

            

    

    

    
      	
              (5)

            	
              On
      the occasion that the Borrower makes the pre-repayment of the principals
      of the loans, the interest of the mentioned early paid principals should
      be settled up to the repayment date (including this
  day).

            

    

    

    Article
12 Account Management

    

    The
Borrower should open a Loan Account and Deposit Account in the Lender’s
Operating Branch before June 30 2009, for the Lender to release loans, to make
the settlement and to reclaim the principal and interest of loans.

    

    The
Borrower shall settle 100% of the Loan Amount under this contract through the
Lender’s Operating Branch.

    

    Article
13 The Borrower's Statement and Guarantee.

     

    
      	
              (1)

            	
              The
      Borrower is a legal entity established in accordance with the law,
      possesses its assets and operates its business in accordance with the law,
      with a valid business license.

            

    

    

    
      	
              (2)

            	
              The
      Borrower’s internal authorization procedures are completed, which are
      required for the signing of this contract. This contract is signed by the
      validly authorized representative, and is legally binding to the Borrower
      upon the effectiveness of this
contract.

            

    

    

    
      	
              (3)

            	
              The
      Borrower shall engage an accounting firm for auditing, which is recognized
      by the Lender, within the loans period. The financial report provided to
      the Lender shall be prepared by the prevailing and valid laws, regulations
      and applicable accounting standards (accounting system), which shall
      factually and accurately reflect the Borrower’s financial situation in the
      reporting year.

            

    

    

    
      	
              (4)

            	
              The
      Borrower does not conceal any matter that may affect the Lender’s judgment
      for the Borrower’s financial situation and solvency ability which may have
      occurred or is under occurring.

            

    

    

    
      	
              (5)

            	
              The
      Borrower confirms that the approval and sanction of the related
      examination departments has been given to the loans project under this
      contract and all the documents for examination and approval are real and
      legitimate; the technical solution of this loans program and the content
      and scale of construction are reasonable and feasible; the Borrower does
      not arbitrarily reduce, enlarge and go beyond the scale and standard of
      the construction.

            

    

    

    
      	
              (6)

            	
              All
      the information provided to the Lender is real, accurate, and complete,
      and its copies are coincided with the original
  versions.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              (7)

            	
              The
      above statements and guarantee remain in force within the valid period of
      this contract.

            

    

    

    Article
14 Funds Payment

    

    According
to the monthly fund requirement, the Borrower shall notify the Lender’s
Operating Branch on the demand for the next month’s Funds Payment in writing, 5
working days before the end of the month.

    

    In the
event that the Borrower requires to withdraw and use the loans, the “The
“Payment Notice” (see format in Appendix 2) and the “Evidence of Funds Payment”
shall be submitted to the Lender’s Operating Branch 5 Business Days in advance.
After being examined and approved by the Lender’s Operating Branch, the Borrower
is required to submit the proof of payment sealed by the reservation of legal
seal to the Lender’s Operating Branch, before 10:00 a.m. on the Funds Payment
date, and the formality of the Funds Payment will be transacted by the Lender’s
Operating Branch on the same day. The Lender may suspend and refuse the payment,
in case that the proofs of payment are regarded as discrepancy with the
requirements upon examination.

    

    The
proofs of the Funds Payment to be submitted by the Borrower included but not
limited to the engineering or business contract, invoices, proof of payment and
the other documents to be provided to and required by the Lender.

    

    Article
15 Inspection for Status of Fund Use

    

    After
making the Funds Payment, the Lender is entitled to inspect the usage of the
loans under this contract, either by means of the way on-the-spot or off-site.
As the Lender’s request, the Borrower shall submit the performance reports of
the usage of the loan funds and the relative usage proof of the funds, to the
Lender’s Operating Branch. The Lender may inspect the usage situation at the
site, and the Borrower shall cooperate actively and provide the relevant
materials as per the Lender’s request. The contents inspected by the Lender
include:

    

    
      	
              (1)

            	
              To
      see if the usages of the loans are changed; if the loans are flowed into
      the security trading, future trading, and real estate business, venture
      investment and other areas, which are clearly prohibited by the
      state;

            

    

    

    
      	
              (2)

            	
              The
      Borrower's business performance;

            

    

     

    
      	
              (3)

            	
              The
      Borrower’s liability status, including whether there is any violation of
      the agreement under this contract such as transferring the assets,
      providing security and debt financing
etc;

            

    

    

    
      	
              (4)

            	
              The
      other situation that the Lender thinks it is needed to
    check.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    In the
event that the Lender finds the loan is interfered by the Borrower’s misusage of
the loans, the Lender may request the Borrower to correct in the fixed time
limit.

    

    Article
16 Information Disclosure

    

    
      	
              (1)

            	
              The
      Borrower shall submit a complete set of financial reports of last year to
      the Lender by March 31 every year, including the balance sheet, profit and
      loss statement, cash flow statement and audit report, which is audited by
      the accounting firm recognized by the Lender, and also submit a complete
      set of financial reports of last quarter within 10 days at the beginning
      of each quarter and submit a complete set of financial reports of the
      first half year by September 10 every
year.

            

    

    

    
      	
              (2)

            	
              If
      the registered capital, business scope, operating period, company type of
      the company are modified or the equity transfer is made, the Borrower
      shall notify the Lender in writing 30 days in advance, and report the
      relevant information to the Lender for
record.

            

    

    

    
      	
              (3)

            	
              In
      the event that the company name and address is changed, or the Chapters of
      the Company are amended, or the legal representative or the financial
      officers are significantly changed or the financial respects have material
      changes, the Borrower shall inform the Lender in writing within 3 days
      after it happens, and report the relevant information to the Lender for
      record.

            

    

    

    
      	
              (4)

            	
              The
      Borrower shall disclose the relationship of the related parties, the
      transactions of the related parties and the outside guarantee timely,
      accurately and completely.

            

    

    

    
      	
              (5)

            	
              In
      the event that the Borrower’s liability/asset ratio is increased by 5% or
      above in other ways at the recent end of the month, the Borrower is
      required to inform the Lender about the situation
  timely.

            

    

    

    
      	
              (6)

            	
              If
      the Borrower intends to increase the value of the long-term lease assets,
      which accounts for over 10% of its total assets in the most recent month,
      the Borrow shall inform the Lender
timely.

            

    

    

    On the
occasion that the short-term debt guarantee accounts for 10% of the Borrower’s
net assets in the most recent month, the Borrower shall inform the Lender
timely.

    

    Article
17 Loan Project Supervision

     

    The
Lender may visit the Borrower and the loans Project periodically, and the
Borrower shall cooperate with the Lender to keep abreast of the status of the
loan project in the following ways:

    

    
      	
              (1)

            	
              Listening
      to the Borrower’s presentation for the status of the loan
      project.

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	
              (2)

            	
              Review
      the financial information of the Borrower or the loans project such as the
      financial reports, accounting documents, as well as the other relevant
      information.

            

    

    

    
      	
              (3)

            	
              Entering
      the site of the construction project for identifying, investigating and
      verifying the status of the loans project including its tender, project
      quality and the image progress of the
project.

            

    

    

    
      	
              (4)

            	
              Verifying
      the Borrower’s financial and capital position, and ask the employees for
      information and comments.

            

    

    

    Article
18 Borrower’s Rights and Obligations

     

    
      	
              (1)

            	
              The
      Borrower is entitled to use the loans according to the agreements under
      this contract.

            

    

    

    
      	
              (2)

            	
              The
      Borrower is entitled to repay the loans in advances according to the
      agreement under this contract.

            

    

    

    
      	
              (3)

            	
              The
      Borrower shall withdraw the loans according to the Withdrawal plan agreed
      in this contract.

            

    

    

    
      	
              (4)

            	
              The
      Borrower shall use the loans funds for the usage agreed under this
      contract.

            

    

    

    
      	
              (5)

            	
              The
      Borrower shall repay the principals and interests in accordance with the
      stipulations under this contract.

            

    

    

    
      	
              (6)

            	
              In
      the event that the Borrower transfers its operating assets that are
      involved with over 10% of the total assets in the financial statement in
      the most recent year, the Borrower is required to get the Lender’s written
      approval beforehand.

            

    

    

    
      	
              (7)

            	
              In
      the event that the Borrower’s Assets Liabilities Ratio exceeds 70%
      resulted from the new liabilities after the signing of this contract, the
      Borrower is required to get the Lender’s written approval
      beforehand.

            

    

    

    
      	
              (8)

            	
              In
      the event that any change happens in the structure and ownership resulted
      from the Borrower’s merger and separation, the Borrower shall notify the
      Lender about the relevant changes 30 Business Days in advance and get the
      Lender’s written approval. The above mentioned solutions of changes shall
      not prejudice the Lender’s legitimate rights and interests under this
      contract.

            

    

    

    
      	
              (9)

            	
              In
      the event that the guarantor’s ability of guarantee and the value of the
      mortgage are reduced, that may affect the security of the loans, the
      Lender shall complement the guarantee with the time limited by the Lender.
      An effective guarantee contract shall be signed by the guarantor and
      Lender in accordance with the law.

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	
              (10)

            	
              In
      the event that the Borrower provides the guarantee to a third party with
      an accumulate amount over RMB 30 million or 10% of the net assets in its
      most recent year or month, the Borrower is required to get the Lender’s
      written approval before submitting to a vote of its policy-making
      institute.

            

    

    

    
      	
              (11)

            	
              On
      the occasion of an off-balance-sheet financing, the Borrower shall get the
      Lender’s written approval beforehand if the relevant terms involve the
      Borrower’s on-balance-sheet assets or relevant rights and
      interest.

            

    

    

    
      	
              (12)

            	
              The
      Borrower shall take the priority of using its operating revenue to repay
      the principals and interests under this
  contract.

            

    

    

    
      	
              (13)

            	
              The
      Borrower shall get the Lender’s written approval beforehand in the event
      of reorganization.

            

    

    

    
      	
              (14)

            	
              On
      the event that there are some material related transactions from the
      Borrower with the other affiliated enterprises, including long-term
      occupation of capitals, transactions in non-fair price and transfer of
      assets and profits etc, which affect the safety of the Lender’s loans, the
      Borrower shall get the Lender’s written approval
    beforehand.

            

    

    

    
      	
              (15)

            	
              The
      Borrower shall submit the various reports and statements as per the
      stipulations of this contract and the Lender’s
  requests.

            

    

    

    
      	
              (16)

            	
              The
      Borrower is not allowed to sign any agreements or documents, which may
      harm the interests of the Lender, or engage in any matter that may harm
      the interest of the Lender.

            

    

    

    
      	
              (17)

            	
              The
      Borrower shall cooperate with the Lender in the credit evaluation work for
      the Borrower, and provide the relevant information as per the Lender’s
      request.

            

    

    

    
      	
              (18)

            	
              The
      Borrower shall accept the Lender’s inspection for the using status of
      funds according to the stipulations under this
  contract.

            

    

    

    
      	
              (19)

            	
              The
      Borrower shall pay the Lender for all the expenses incurred from the
      exercise of the creditor’s right, including but not limited to the lawyer
      costs.

            

    

    

    Article
19 Lender’s Rights and Obligations

    

    
      	
              (1)

            	
              The
      Lender is entitled to recover the principals and interests of the loans
      according to the stipulations under this
  contract.

            

    

    

    
      	
              (2)

            	
              The
      Lender is entitled to annually review the Borrower’s credit and the
      quality of the loans project within the issuance period of this contract,
      in order to decide whether to continue to issue the loans to the Borrower.
      The loans will be issued if it is eligible and the loan will be revoked
      for these that are not qualified.

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      	
              (3)

            	
              The
      Lender is entitled to decide whether to announce the result of the credit
      rating for the Borrower.

            

    

    

    
      	
              (4)

            	
              The
      Lender is entitled to collect the credit information of the enterprise and
      make dynamic evaluation and
monitoring.

            

    

    

    
      	
              (5)

            	
              In
      case that the guarantee ability of the guarantor under this contract is
      reduced and that may affect the safety of the loans, the Lender is
      entitled to recover the total loans in
advance.

            

    

    

    
      	
              (6)

            	
              The
      Lender is entitled to request the Lender to provide a variety of reports,
      statements and information briefings in accordance with this
      contract.

            

    

    

    
      	
              (7)

            	
              The
      Lender is entitled to supervise the Borrower and the loans project, as
      well as the Borrower’s account opened in the Lender’s Operating Branch. It
      shall be defined as the Lender’s right for no exercising, or partially
      exercising or retaining the exercise of the right of supervision, which
      shall not be defined as the Lender’s obligation and shall not compose any
      of the Lender’s obligations for the Borrower under this contract, and the
      Borrower is not entitled to investigate and affix any responsibility of
      the Lender.

            

    

    

    
      	
              (8)

            	
              The
      Lender is entitled to appoint an agent to provide settlement service for
      the Borrower.

            

    

    

    
      	
              (9)

            	
              The
      Borrower shall implement the provisions of the interest rate and interests
      of the People’s Bank of China.

            

    

    

    
      	
              (10)

            	
              In
      the event that the interest rate of the loans is adjusted by the Lender
      according to the stipulations in this contract, the Lender shall notify
      the Borrower timely.

            

    

    

     

    Article
20 Guarantee

     

    This
contract is guaranteed in the following form:

     

    
      	
              (1)

            	
              Song
      Yi and Song Hong (guarantors) will provide the guarantee of their personal
      joint liability.

            

    

     

    
      	
              (2)

            	
              The
      mortgagor (Shenzhen Diguang Electronics Co., Ltd.) provides the pledge
      guarantee with the use right of the industrial land (Land No.: A608-0133 /
      Real Estate No.: Shenfangdi No.: 5000298519), which is legally owned and
      eligible for pledge with the location at Dongchang Road, Gongming Street,
      Baoan District.

            

    

     

    
      	
              (3)

            	
              The
      mortgagor (Shenzhen Diguang Electronics Co., Ltd.) provides the pledge
      guarantee with the 16 suites of real estate, which is legally owned and
      eligible for pledge with the location at 23F, A Bldg, Galaxy Century
      Building, No.: 3069 Caitian Road, Futian District, Shenzhen, the Real
      Estate Nos. are as follows:

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    Shen Fang
Di No.3000469325; Shen Fang Di No.3000469324; Shen Fang Di No.3000469318; Shen
Fang Di No.3000469319; Shen Fang Di No.3000469321; Shen Fang Di No.3000469322;
Shen Fang Di No.3000469311; Shen Fang Di No.3000469312; Shen Fang Di
No.3000469313; Shen Fang Di No.3000469314; Shen Fang Di No.3000469315; Shen Fang
Di No.3000469305; Shen Fang Di No.3000469307; Shen Fang Di No.3000469308; Shen
Fang Di No.3000469309; Shen Fang Di No.3000469304

     

    The
guarantee and the mortgagor should duly and legally sign the effective pledge
contract with the Lender.

     

    Article
21 Borrowers breach Incident and Breach Responsibility

    

    (1) The
following incidents are regarded as the Borrower’s breach
incidents:

    

    (i) The
Borrower violates Article III of this contract, appropriation of
loans;

    

    (ii) The
Borrower, in breach of Article VI of and Article IX of the contract, cannot
repay full amount of interest and principal on time;

    

    (iiI) The
Borrower does not deposit the relevant fund into the fixed account as stipulated
in Article XII of the contract or does not use the fund in the account as
stipulated in this contract and furthermore, does not accept the account
supervision from the Lender’s Operating Branch.

    

    (iv)The
Borrower, in breach of Article XIII of the contract, makes any statement or
guarantee, which is false or misleading;

    

    (v) The
Borrower, in breach of Article XIV of the contract, does not repay the funds as
stipulated;

    

    (vi) The
Borrower, in breach of Article XV of and Article XVII of this contract, does not
accept the inspection and investigation on the fund use and project status of
the Borrower to be made from the Lender’s Operating Branch.

    

    (vii) The
Borrower, in breach of Article XCI of this contract, releases the untrue or
untimely information.

    

    (viii)
The Borrower, in breach of Article XVIII of this contract, does not fulfill the
obligations.

    

    (ix)The
Borrower violates the guarantee stipulations in Article XX of this
contract.

    

    (x) The
Borrower becomes insolvent and enters bankruptcy or liquidation
proceedings.

    

    (xi) The
Borrower becomes involved in material litigation and arbitration of
disputes

    

    (xii) The
Borrower is in breach of the stipulations under other financing contract and
business contract.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    (xiii)Borrower
is in breach of the other stipulations of this contract.

    

    (2) In
the event that any of the above-mentioned breach of contract is conducted by the
Borrower, the Lender has the right to require the Borrower to make the
rectification in a given period of time. If the Borrower cannot meet the
requirements as scheduled, the Lender has the right to take one or more of the
following measures:

    

    (i)
Termination of the loan.

    

    (ii) To
declare that the amount of the loan is due in advance, and meanwhile to require
the Borrower to repay the issued loan principal and interest in a limited time,
and the Lender has the right to deduct the repayment fund from the account
opened by the Borrower directly until the Borrower has liquidated all the
liabilities under this contract (In the signing of this contract, the Borrower
has authorized the Lender to exercise the right to directly deduct the
above-mentioned repayment fund).

    

    (iii) To
require the Borrower to pay liquidated damages, which is paid at 0.5% of the
Loan Amount at the time when the Borrower’s default happens. If the liquidated
damages are not enough to compensate the economic losses caused to the Lender,
the Lender has the right to claim compensation from the Borrower.

    

    (iv) To
unilaterally terminate the contract;

    

    (v) To
realize the eligible guarantee right and interest of the Lender under the pledge
contract.

    

    (vi)To
take any other measure that is stipulated in this contract or is allowed with
the national laws and regulations.

    

    (3) Due
to litigation resulted from the Borrower’s breach, the Borrower should undertake
the lawyer fees to be paid by the Lender because of this
litigation.

    

    Article
23 Lender’s breach Incident and Breach Responsibility

    

    (1) In
the event that the Lender does not provide the loans to the Borrower as
stipulated in the contract, or does not compute the interest as per the relevant
interest rate from the People’s Bank of China or the stipulations in this
contract, the Borrower has the right to require the Lender to make the
rectification in the limited time. If the loss is caused to the Lender, the
Lender has the right to claim the loss compensation from the
Borrower.

    

    (2) In
the even that the Lender in breach is involved in the legal proceedings, the
Lender should undertake the lawyer fees made by the Borrower due to this
litigation.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

    Article
24 Modification and Termination of the Contract

    

    (1)
Unless otherwise stipulated in this contract, neither party cannot unilaterally
change or terminate the contract once it is effective. Modification or
alternation of the contract must be unanimously agreed with the writing
agreement to be reached.

    

    (2) In
the event that there are some changes in the national laws, regulations or
policies, which causes the clauses of this contract in whole or in part not to
be in compliance with the requirements of the national laws, regulations or
policies, the Borrower and the Lender should make the timely consultation and
amend the relevant provisions as soon as possible.

    

    (3) If
the Borrower or the Lender is unable to perform the conditions stipulated in the
contract due to Force Majeure, they should promptly notify the other party and
take effective measure to prevent the loss of damages from being enlarged. The
party who suffered from the loss in For Majeure should provide to the other
party the details of the force majeure and the proof documents of the force
majure occurrence issued from the relevant government departments within 10 days
after the incident.  The Borrower and the Lender should make timely
consultation for solutions.

    

    Article
25  Integrity of Contract and Independence of Contract
Clauses

    

    The
various writing supplements, amendments or modifications of this contract are
composed of part of this contract.

    

    The
clauses of this contract are independent and any invalid, illegal or
unenforceable clause of this contract will not affect the effectiveness of the
other clauses of this contract.

    

    Article
26: Confidentiality

    

    Without
the permission of the Borrower and the Lender, either of the parties is not
allowed to disclose the contents of the contract to the third party unless it is
otherwise regulated in the laws and statues or is otherwise mandated from the
administrative organization or is otherwise stipulated by the two parties. The
confidential obligations of the two parties in this contract cannot be dismissed
due to the termination of the contract.

    

    Article 27: Settlement of
Disputes

    

    If the
disputes occur in the process of fulfilling this contract by the Lender and the
Borrower, the disputes should be settled through consultation by the two
parties. If no agreement can be reached, the disputes will be settled through
litigation in the People's Court where the Lender’s Operating Branch is
located.

     

    Article
28: Others

    

    (1) For
the matters uncovered in the contract, the borrower and the Lender will make the
settlement through consultation or make the implementation in accordance with
the relevant national laws and regulations.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    

    (2) There
are seven original copies of this contract, each for the borrower and guarantor,
four for the Lender. There are three copies of counterparts of this contract,
one for the borrower and two for the Lender.

    

    (3) The
borrower has the right to supervise if the Lender’ staff comply with the “Staff
Code of Conduct of Shenzhen Branch of China Development Bank”

    

    Article
29: Contract Effectiveness

    

    The
contract will come into force upon the date of the signatures and seals made by
both the Lender and Borrower.

    

    Annex:

    

    1.Notice
of Withdrawal

    

    2.
Payment Notice

    

    The
Borrower (official or contractual Seal):

     

    Legal
Representative / Authorized Agent (signature):

    

    Date.
Month. Year

    

    

    

    The Bank
Name and Account of the Borrower

    

    Lender
(Contractual Seal):

    Legal
Representative / Authorized Agent (signature):

    Date:

    Signing
Venue: China Development Bank Co., Ltd. Shenzhen Branch

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    Annex
1

    

    Notice
of Withdrawal

     

    Shenzhen
Branch, China Development Bank Co., Ltd.:

     

    In
accordance with the provisions of the “Loan Contract”, which was signed in
June___, 2009 (the project number of 4403402912009110028 "Loan Contract"), the
company has reached all the withdraw prerequisite with the withdraw conditions
and qualifications available in any other aspect.

    

    The
Company hereby notifies your bank that according to the loan arrangement, the
Company plans to withdraw the loan amount (RMB) _________  in
________, with the total amount in RMB___________ only (__________), which is
mainly used for____________________________, and it is hereby to have this
notification. .

    

    

    The
Company hereby confirmed that,

    

    1.  It
is reaffirmed with today’s facts and environment that the statements and
guarantee made in the “Loan Contract” is still true, correct and
complete.

    

    2.  So
far, neither any incident of default of the Borrower has happened, which is
stipulated in the “Loan Contract”, nor any incident of the default of the
Borrower stipulated in the “Loan Contract”, which has not been corrected or
abandoned for chasing by the Lender’s Operating Branch, has
happened.

    

    3. The
contents of this notice reflects the real intentions of the company, its
issuance has been legally authorized by the company.

    

    The terms
set forth and defined in the “Loan Contract” have the same meanings in this
notice.

    

    

    

    Shenzhen
Diguang Electronics Co., Ltd. (seal)

    Signature
of Authorized Representative:

    Date    Month    Year

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    Annex
2

    

    Notice
of Payment

    

    

    To Branch
Shenzhen, China Development Bank Co., Ltd.:

    

    

    In
accordance with the provisions of the “Loan Contract”, which was signed in
June___, 2009 (the project number of 4403402912009110028 "Loan Contract"), the
company has reached all the withdraw prerequisite with the withdraw conditions
and qualifications available in any other aspect.

    

    The
Company hereby notifies your bank that according to the loan arrangement, the
Company plans to draw the loan amount (RMB) _______ in ____________________ only
(__________), which is mainly used for____________________________, and it is
hereby to have this notification together with the business contract or
documentary evidence for the fund use. Please go through the Funds Payment
formalities.

    

       Please
make this payment to the settlement account (Company Name) at (Bank Name)_The
account number is_______________.

    The
Company hereby confirmed that,

    

    1.  It
is reaffirmed with today’s facts and environment that the statements and
guarantee made in the “Loan Contract” is still true, correct and
complete.

    

    2.  So
far, neither any incident of default of the Borrower has happened, which is
stipulated in the “Loan Contract”, nor any incident of the default of the
Borrower stipulated in the “Loan Contract”, which has not been corrected or
abandoned for chasing by the Lender’s Operating Branch, has
happened.

    

    3. The
contents of this notice reflects the real intentions of the company, its
issuance has been legally authorized by the company.

    

    The terms
set forth and defined in the “Loan Contract” have the same meanings in this
notice.

    

    

    Shenzhen
Diguang Electronics Co., Ltd. (seal)

    Signature
of Authorized Representative:

    Date    Month    Year

    
 

    
      
        
        

      

      
        18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]