Document:

Unassociated Document

  

    Exhibit
10.15

    

    Premises
Lease Contract

    

    This
Premises Lease Contract (“Contract”) is entered into by
and between:

    

    Lessor (“Party A”):
Shishi Feiying Plastic Co., Ltd.

    

    And

    

    Lessee (“Party B”):
Quanzhou Sancai Garment Co., Ltd

    

    This
Contract is made and entered into by and between Party A and Party B with
respect to the leasing of the premises hereunder in accordance with the Contract Law of the People’s
Republic of China, the Law of the People's Republic of
China on Administration of the Urban Real Estate and other relevant laws
and regulations under the principles of equal footing, free will and mutual
consultations.

    

    Article
1  Lease of Premises

    

    Party A
leases to Party B the 2-4th floors
of west section of apartment building A, located in Jiulongshan Development
Zone, Hanjiang, Shishi, covering an area of 2,354.67 m2 (69
rooms) and plant building C, located at the same as above, covering an area of
5,169.93 m2, for
purposes of garment-making plants, offices and dormitories of the
employees.

    

    Article
2  Terms of Lease:

    

    The term
of lease shall be from March 1st, 2010
to February 28th,
2013.

    

    Article
3  Rentals, Deposits, Relevant Expenses and Payment
Method:

    

    
      	
              1.

            	
              The
      rentals shall be RMB 5.5 Yuan/m2
      (excluding taxes) calculated based on actual rental
  area;

            

    

    

    
      	
              2.

            	
              A
      deposit of 20,000 Yuan shall be paid by Party B to Party A upon the
      signing of this Contract and shall be refunded after the termination of
      this Contract and Party A’s acceptance of the premises and auxiliary
      facilities;

            

    

    

    
      	
              3.

            	
              Declaration
      of taxes and expenses such as housing property tax etc incurred during the
      term of lease shall be made by Party B in accordance with taxation
      regulations. If Party B fails to make tax declarations in time, all
      economic consequences and legal liabilities shall be assumed by Party B
      and are not related to Party A; the land use tax shall be borne by Party
      A.

            

    

    

    
      	
              4.

            	
              The
      rental shall be paid every four months during the contract period. The
      rental for the first four months shall be paid on the day on which this
      Contract is signed and rental for the next four months shall be paid 30
      days prior to the expiration of the first four months, and the rest shall
      be done in the same manner.

            

    

    

    
      	
              5.

            	
              The
      lessee shall pay a wage of 1,500.00 Yuan to the security guard and share a
      public distribution of 450 kwh to the
lessor.

            

    

      

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              6.

            	
              A
      transformer for the plant shall be provided by Party A. Water and
      electricity fees shall be charged based on the actual consumptions, with
      the water for the dormitory being 2.20 Yuan/ton, water for the plant being
      3.50 Yuan/ton and the electricity based on actual consumption and
      electrical loss/same as the textile mill. The meters shall be read on the
      16th
      day of each month and the relevant fees shall be paid to the financial
      department of Party A before 25th
      day of every month and Party A shall issue an ordinary receipt to Party
      B.

            

    

    

    Article
4  Repair and Maintenance Obligations:

    

    If the
plant building and auxiliary facilities need examinations and repairs by Party A
during the term of lease, Party B shall show cooperation with this regard. If
the plant building suffers natural damages, the repair and maintenance fees
shall be borne by Party A; if not, the fees shall be borne by Party
B.

    

    Article
5  Alterations:

    

    
      	
              1.

            	
              If
      the ownership of the premises is transferred to a third party by Party A,
      this Contract shall remain effective to the new owner of the premises and
      Party B. If the third party fails to perform this Contract, Party A shall
      pay a compensation of 500,000 Yuan to Party
B.

            

    

    

    
      	
              2.

            	
              If
      Party A wants to put the house for sale, Party B shall be informed the 3
      months in advance. In the event of all things being equal, Party B has the
      preferential right to purchase the
premises.

            

    

    

    Article
6  Liabilities for Breach of Contract:

    

    
      	
              1.

            	
              If
      Party A fails to deliver the premises to Party B for use in time, a
      penalty of 200.00 Yuan/day per building shall be paid by Party
      A;

            

    

    

    
      	
              2.

            	
              If
      Party A fails to do the repair and maintenance to the premises upon expiry
      of 30 days after receiving Party B’s written notice, Party A shall pay to
      Party B 200.00 Yuan per building as the liquidated
  damages;

            

    

    

    
      	
              3.

            	
              If
      Party B delays in paying the rental for more than 7 days, Party A has the
      right to cut off the electricity and water supply or even terminate this
      Contract unilaterally and take all possible actions to recover all rentals
      and charge an overdue fine at 0.3% of daily rentals on a daily
      basis.

            

    

    

    
      	
              4.

            	
              If
      Party B transfer the premises to a third party for use without Party A’s
      prior consent or makes use of the premises to engage in any illegal
      activities, Party B shall pay to Party A  RMB 20,000 Yuan as the
      liquidated damages and bear all legal responsibilities and economic losses
      arising therefrom.

            

    

    

    
      	
              5.

            	
              If
      Party B alters the structure of the premises without Party A’s prior
      consent, Party A has the right to request Party B to restore the premises
      and claim compensation from Party
B.

            

    

    

    Article
7  Exceptions from Liability:

    

    If the
premises are damaged and Party B suffers losses as a result of the Force
Majeure, neither Party A nor Party B shall take any
responsibilities.

      

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
        

      Article
8  Dispute Resolutions:
   

    Any
dispute arising from or in the performance of this Contract shall be settled
through amicable negotiation between the parties; if such negotiation fails, any
of the parties may bring a lawsuit to the People’s Court at the location of the
premises.

    

    Article
9  Other agreed Issues:

    

    
      	
              1.

            	
              Social
      and legal responsibilities and obligations shall be assumed by Party B
      itself in its production and operation process, and Party A shall bear no
      part of the aforementioned responsibilities and
    obligations.

            

    

    

    
      	
              2.

            	
              The
      transformer and the switchboard provided by Party A for the convenience of
      Party B shall be maintained and repaired by Party A, and Party B shall not
      be responsible for any costs and repair fees etc arising therefrom during
      the contract period; the expense for annual inspection of the lift shall
      be borne by Party B during the term of
lease.

            

    

    

    
      	
              3.

            	
              If
      Party B fails to find another appropriate plant building upon expiration
      of the lease term, Party A may consider extending the contract period for
      the convenience of Party B.

            

    

    

    
      	
              4.

            	
              If
      Party B fails to perform this Contract subject to the specified time limit
      and terminates this Contract earlier, the deposit shall not be refunded to
      Party B and Party B shall pay to Party A a compensation equaling 3 months
      of rentals.

            

    

    

    
      	
              5.

            	
              At
      least 45 days prior to the expiration of the lease period, the parties
      shall notify each other in writing if they intend to terminate this
      Contract or renew the lease.

            

    

    

    
      	
              6.

            	
              If
      Party A is aware that the premises and auxiliary facilities are damaged in
      the course of acceptance upon the termination of the contract, Party B
      shall be responsible for the repairs and compensate for the
      damages;

            

    

    

    
      	
              7.

            	
              Each
      party shall not hire employees who quit from the other party. Once found,
      the employee shall be dismissed by the party
  concerned.

            

    

    

    This Contract comprising of two pages
shall be made out in duplicate, each of which shall have the same force and
effect, and each party shall hold one copy respectively. This Contract shall
come into effect after it is signed by the parties.

    

    
      
        	
                Lessor:
      Shishi Feiying Plastic Co., Ltd   

              	
                Lessee:
      Quanzhou Sancai Garment Co., Ltd

              
	
                Address:
      Longshan Development Area,
Hanjiang    

              	
                Address:

              
	
                Legal
      Representative: Wu
      Licong               

              	
                Legal
      Representative: Ding Ruixia

              
	
                Tel:
      0595-88680828                        

              	
                Tel:

              
	
                Signing
      Place: Feiying
      Company           

              	
                Signing
      Place: Feiying Company

              
	
                Signing
      Date: January 17,
      2010          

              	
                Signing
      Date: January 17, 2010Unassociated Document

    
      Exhibit
10.16

      

    

    
      
        
          	
                  SHANGHAI PUDONG DEVELOPMENT
    BANK

                	
                  Short-term
      Loan
      Agreement             

                
	 
      	 
      

        

      

    

    
      

    

    Short-term
Loan Agreement

    
      	
              To
      SPD Bank Fuzhou Branch

            	
              No.:
      43012010280030

            

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        Name
      of Client

                                      	
                                        Shishi
      Feiying Plastic Co., Ltd.

                                      	
                                        Application
      Date:

                                      	
                                        February
      02, 2010

                                      
	
                                        Address:

                                      	
                                        Longshan
      Development Area,

                                        Hanjiang
      Town, Shishi City

                                      	
                                        Client
      Contact:

                                      	 
      
	
                                        Tel:

                                      	 
      	
                                        Contact
      Person of Financing Bank (to 

                                      	
                                        Wang
      Weinan

                                      
	

                                        Fax:

                                      	 	 be
      filled out by the financing bank)	 

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    We hereby
makes irrevocable application to you for working capital loans to be provided by
you pursuant to the following provisions of this Agreement:

    
      
        

      

    

    I.
Paramount Clauses 

    
      

    

    
      	
              x

            	
              This
      Agreement is concluded as an auxiliary financing document of the Financing
      Facility Agreement (hereinafter called “Financing Facility Agreement”)
      numbered                  and
      shall be incorporated into the Financing Facility Agreement as part of the
      latter (select this item and indicate the number of the Financing Facility
      Agreement if the client previously signs the Financing Facility Agreement
      with the financing bank);

            

    

    
      	
               ̈

            	
              This
      Agreement is an independent credit instrument by and between the client
      and the financing bank (select this item if the client has not signed the
      Financing Facility Agreement with the financing
  bank);

            

    

    
      	
              x

            	
              All
      guarantors are aware of the purpose of the loan under this Agreement,
      i.e., refinancing. Name of the previous
      agreement:             Signing
      Date:            Agreement
      No.:

            

    

    (this
item must be selected if the loan is for refinancing)

    
      
        

      

    II.
Description of Loan

    (If the
client and the financing bank have agreed on the loan interest rate and the
penalty rate in the previous Financing Facility Agreement, it is not necessary
required to fill out the following corresponding blanks)

     

      
        

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  	
                                                                          Currency

                                                                        	
                                                                          Amount
      (In

                                                                          words)

                                                                        	
                                                                          Drawing
      Date

                                                                        	
                                                                          Mature
      Date

                                                                          (or
      Duration)

                                                                        	
                                                                          Interest
      Rate

                                                                        	
                                                                          Overdue

                                                                          Interest

                                                                        	
                                                                          Misappropriation

                                                                          Penalty

                                                                          Rate

                                                                        
	
                                                                          RMB

                                                                        	
                                                                          Thirty
      Million Yuan Only

                                                                        	
                                                                          February
      02, 2010

                                                                        	
                                                                          February
      02, 2011

                                                                        	
                                                                          Prime
      rate of 12 month loan ( ̈
      Up x
      Down) [10]%, i.e. the
      interest rate comes to 5.841% when
      this Agreement is signed

                                                                        	
                                                                          8.7615%

                                                                        	
                                                                          11.682%

                                                                        
	
                                                                          Foreign
      Currency

                                                                        	 
      	 
      	 
      	
                                                                           ̈_month
      Libor+____

                                                                          x Others                      
      

                                                                        	 
      	 
      
	
                                                                          Use
      of Loan

                                                                        	
                                                                          Working
      capitals for Production

                                                                        
	
                                                                          Interest

                                                                          Rate

                                                                          Adjustment
      Method

                                                                        	
                                                                          RMB

                                                                        	
                                                                          If
      the prime rate is adjusted by the People’s Bank of China prior to the
      granting of the loan under this Agreement, the prime rate at the time of
      the granting of the loan shall be applied to the prime rate of the
      People’s Bank of China on the day when the loan is granted; if the prime
      rate is adjusted by the People’s Bank of China during the loan period
      after the loan has been granted,

                                                                          x
      Adjust on a monthly basis with the 21st
      day of each month as the interest rate adjustment date;

                                                                          x
      Adjust on a quarterly basis with the 21st
      day of the final month of each quarter as the interest rate adjustment
      date;

                                                                           ̈
      Interest rate not adjusted;

                                                                          x
      Others_______________

                                                                        
	 
      	
                                                                          Foreign
      Currency

                                                                        	
                                                                          Since
      the date on which the loan is granted, the interest rate shall be adjusted
      every ___ months based on the latest foreign currency interest rate of the
      corresponding date.

                                                                        
	
                                                                          Mode
      of Interests Settlement

                                                                        	
                                                                          þ Settle the
      interest accruals on a monthly basis with the 20th
      day of each month as the interests settlement date;

                                                                          x
      Settle the interest accruals on a quarterly basis with the 20th
      day of the final month of each quarter as the interests settlement
      date;

                                                                          x
      To collect the interest accruals in a lump sum when the loan becomes
      mature, together with the collection of the principals.

                                                                        
	
                                                                          Liquidated
      damages for earlier repayment of loan

                                                                        	
                                                                          Equivalent
      to    /   %
      of the total amount that has been repaid in
  advance.

                                                                        

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      
 

    

    
      
        
          
            
              	
                      SHANGHAI PUDONG DEVELOPMENT
    BANK

                    	
                      Short-term
      Loan
      Agreement             

                    

            

          

        

      

    

    

    Description:

    
      	
              1)

            	
              Where
      the interest accruals are settled on a monthly or quarterly basis, the
      final interest accruals shall be paid together with the
      principals.

            

    

    
      	
              2)

            	
              The
      actual drawing date and the mature date shall be subject to the dates as
      recorded on the IOUs (borrowing vouchers). If the mature date is not
      recorded on the IOUs, the mature date shall be deemed to be the actual
      drawing date plus the loan duration. The IOUs (borrowing vouchers) shall
      be integral to this Agreement.

            

    

    3.
Description for Guarantees

    (If the client and the financing bank
have agreed on the guarantees in the previous Financing Facility Agreement, it
is not necessary required to fill out the following corresponding
blanks)

    

    
      
        
          
            
              
                
                  	
                          Guarantor

                        	
                          Shishi Lixiang Foods

                          Co., Ltd

                          Hong Jianghan

                          Wu Licong

                        	
                          Mode
      of Guarantee

                        	
                          x
      Mortgage,

                          Security
      Contract No.:

                          x
      Pledge,

                          Security
      Contract No.:

                           ̈
      Guarantee,

                          Security
      Contract No.:

                          284301201028003001

                          284301201028003002

                          284301201028003003

                        

                

              

            

          

        

      

    

    

    4.
General Terms and Conditions

     

    The
client hereby confirms that it has read and agreed on the following general
terms and conditions under this Agreement:

    
      	
              1.

            	
              After
      this Agreement has been signed by the financing bank, the financing bank
      is entitled to cancel any loan promises that have been given based on the
      signing of this Agreement, unless otherwise the loan applied for by the
      client has been granted to the client according to this
      Agreement.

            

    

    
      	
              2.

            	
              Mode
      of, Repayment and Calculation and Payment of Interests Accruals: Unless
      otherwise provided in this Agreement, the principals shall be repaid in a
      lump sum at the maturity of the loan under this Agreement with 360 days as
      the base number for the interest accruals which shall be calculated based
      on the actual drawing amount and the occupying days from the date on which
      the loan is granted by the financing bank and shall be settled in the
      manner as agreed by and between the client and the financing
      bank.

            

    

    
      	
              3.

            	
              Submission
      of Documents: The client warrants to submit the following documents to the
      financing bank and satisfy the following conditions; however, the
      financing bank shall not be responsible for the authenticity of the
      documents:

            

    

    
      	
            	
              (1)

            	
              Copies
      of latest articles of incorporation and business
  license;

            

    

    
      	
            	
              (2)

            	
              Decisions
      of the board of directors authorizing the client to sign this Agreement
      and relevant auxiliary financing documents (if the powers of the legal
      representative in signing a contract are restricted by the articles of
      incorporation);

            

    

    
      	
            	
              (3)

            	
              Power
      of attorney to, and the signature sample of, the authorizing
      representative;

            

    

    
      	
            	
              (4)

            	
              This
      Agreement validly and legally signed by the
  client;

            

    

    
      	
            	
              (5)

            	
              The
      date designated by the client shall be the business day of the financing
      bank;

            

    

    
      	
            	
              (6)

            	
              If
      the loan under this Agreement is guaranteed, the guarantee documents have
      been signed and the guarantee rights have been granted before the drawing
      of the loan;

            

    

    
      	
            	
              (7)

            	
              Borrowing
      vouchers affixed with the valid signature and seal of the
      client;

            

    

    
      	
            	
              (8)

            	
              Other
      documents and/or conditions as required by the financing
    bank.

            

    

    
      	
              4.

            	
              If
      the designated drawing date or date of repayment is not the business day
      of the financing bank, the designated drawing date or date of repayment
      shall be extended to the next business day of the financing bank. The
      interest accruals for the extended repayment period shall be calculated
      and paid.

            

    

    
      	
              5.

            	
              Advance
      Repayment and Earlier Maturity: Unless otherwise the financing bank
      notifies the client of the earlier maturity of the loan, the client shall
      get the written approval of the financing bank for advance repayment and
      the financing bank is entitled to request the client to pay the liquidated
      damages for the advance repayment pursuant to this Agreement. Any form of
      advance repayment shall be deemed as the earlier maturity of the loan. The
      financing bank shall be entitled to notify the client at any time without
      any reasons of the earlier maturity of the loan under this Agreement and
      the client shall repay the loan immediately upon receipt of any such
      notification.

            

    

    
      	
              6.

            	
              Taxes:
      Unless the client is required to pay relevant taxes for the repayment of
      the loan according to law, the client shall make full repayment due under
      this Agreement without any deduction. If relevant taxes shall be withheld
      pursuant to laws, the client shall pay extra fees to the financing bank so
      that the payment received by the financing bank is equal to the amount
      receivable by the financing bank without any
  deduction.

            

    

    
      	
              7.

            	
              Representations
      and Warranties: The following representations and warranties made by the
      client shall be deemed to be made by the client repeatedly every time when
      the financing bank grants finances to the client in accordance with this
      Agreement.

            

    

    
      	
            	
              (1)

            	
              The
      client, a company incorporated pursuant to Chinese laws (for the purpose
      of this Agreement, excluding laws of Hong Kong, Macau SAR and Taiwan, the
      same below), has the power to sign this Agreement and any documents
      relating to this Agreement, and has taken any necessary corporation
      actions to make this Agreement and any documents relating this Agreement
      become valid, effective and
enforceable;

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      
        	
                SHANGHAI PUDONG DEVELOPMENT
    BANK

              	
                Short-term
      Loan
      Agreement             

              

      

    

     

    
      	
            	
              (2)

            	
              In
      the process of signing this Agreement and performing the obligations under
      this Agreement, the client does not or will neither violate any other
      contract or documents, article of incorporation, any applicable laws,
      regulations or administrative order and relevant documents, court decision
      and ruling of authoritative agent nor contradict any other obligations or
      work the client has to undertake; the client shall apply for, obtain,
      abide by and keep valid all approvals, authorizations, registrations and
      permits provided by the applicable law; if requested by the financing
      bank, the client shall present appropriate supporting documents
      immediately.

            

    

    
      	
            	
              (3)

            	
              The
      client shall make sure that all financial statements (if any) comply with
      relevant provisions of Chinese laws and the completed form reflect the
      client’s real financial conditions in a sound and fair manner; all
      documents, files and information etc concerning the client itself and the
      guarantor provided in the process of signing and execution of this
      Agreement are true, valid, accurate and complete and free of any
      concealment or omission;

            

    

    
      	
            	
              (4)

            	
              The
      client shall strictly abide by the laws and regulations in its business
      operations when carrying out all business activities within the range as
      provided in the business license or ratified by applicable laws and go
      through annual inspection formalities in a timely
  manner;

            

    

    
      	
            	
              (5)

            	
              Other
      conditions or events which the client warrants will not cause or probably
      cause material adverse impacts to the performance capability of the
      client.

            

    

    
      	
              8.

            	
              Undertakings:
      The client makes the undertakings as
follows:

            

    

    
      	
            	
              (1)

            	
              The
      client shall repay the principals and interest accruals of the financing
      funds as well as reasonable expenses, and warrant to strictly abide by and
      perform all the obligations under this
  Agreement;

            

    

    
      	
            	
              (2)

            	
              The
      client shall, within five business days since the day the client is aware
      of its involvement in economic, civil, administrative or similar arbitral
      proceedings which may cause material adverse impacts to the client or
      within five days since the day the client is aware that its material
      assets have been involved in any enforcement, seizure, attachment,
      freezing, lien and supervision procedures, send written notifications to
      the financing bank, specifying the impacts incurred and the remedial
      measures which have been taken or planned to be
  taken;

            

    

    
      	
            	
              (3)

            	
              The
      borrower undertakes not to give priorities to other loans by breaching
      normal repaying procedures, and that the borrower does not and will not
      sign any contracts or agreements that make the loans under this Agreement
      subordinated.

            

    

    
      	
            	
              (4)

            	
              Since
      the day on which this Agreement is signed and before all obligations under
      this Agreement are paid off, without the written consent of the financing
      bank, the client will not:

            

    

    
      	
               
      

            	
              (a)

            	
              conduct
      liquidation, reorganization, bankruptcy, merger (being acquired),
      division, restructuring, dissolution, capital reduction or similar legal
      proceedings;

            

    

    
      	
               
      

            	
              (b)

            	
              dispose
      any of its materials assets by sale, lease, granting, transfer or any
      other means other than as required for the daily business
      operations;

            

    

    
      	
               
      

            	
              (c)

            	
              make
      any changes in shareholding
structure;

            

    

    
      	
               
      

            	
              (d)

            	
              provide
      to a third party guarantees that may cause material adverse impacts to the
      client’s financial conditions or its capability of performing the
      obligations under this Agreement;

            

    

    
      	
               
      

            	
              (e)

            	
              Sign
      contracts/agreements that may cause material adverse impacts to the
      capability of the client in performing the obligations under this
      Agreement or undertake any other obligations that may cause the same
      effect as above-mentioned.

            

    

    
      	
            	
              (5)

            	
              In
      the event that the guarantees hereunder confront specific situations or
      specific changes, the client shall provide other form of guarantees as
      required and recognized by the financing bank. These specific situations
      or specific changes include but are not limited to shut-down,
      out-of-business, dissolution, winding-up of business for rectification,
      withdrawal or cancellation of business license, application by the client
      itself or by others for reorganization, bankruptcy, significant changes in
      business operations or financial conditions, involvement in material suits
      or arbitral cases, involvement of legal representative, directors,
      supervisors and major management personnel in legal cases, depreciation or
      probable depreciation of collaterals or preservation of collaterals
      through remedy of attachment of property, breach of guarantee contracts
      and request of rescinding the guarantee contracts
  etc;

            

    

    
      	
            	
              (6)

            	
              As
      requested by the financing bank, the client shall obtain enforceable
      notarial certifications from the Notary Public as designated by the
      financing bank and the client shall bear relevant expenses and voluntarily
      accept the enforcement;

            

    

    
      	
            	
              (7)

            	
              The
      client shall immediately inform the financing bank of any issues that may
      have impact on the client’s capability in performing the obligations under
      this Agreement and any documents pertaining to this
    Agreement.

            

    

    
      	
              9.

            	
              Marketization
      of Interest Rate: If the People’s Bank of China initiates RMB loan
      interest rate marketization policy after the loan under this Agreement has
      been granted, the borrower shall make immediate negotiations with the
      lender to determine the interest rate execution
  standard.

            

    

    
      	
              10.

            	
              Costs
      and Expenses: When requested by the financing bank, the client shall
      immediately compensate for the expenses arising from the amendment,
      signing, enforcement, notarization and registration of any documents
      relating to this Agreement handled by the financing bank. The client shall
      pay the stamp taxes and other taxes for this Agreement and any documents
      pertaining to this Agreement, unless otherwise the laws provide that the
      taxes shall be paid by the financing
bank.

            

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      
        	
                SHANGHAI PUDONG DEVELOPMENT
    BANK

              	
                Short-term
      Loan
      Agreement             

              

      

    

     

    
      	
              11.

            	
              Penalties:
      The client hereby confirms that the financing bank has the right to charge
      the penalties based on the following
standards:

            

    

    
      	
            	
              (1)

            	
              For
      the outstanding principal due payable under this Agreement (the term “due”
      in this Agreement shall include the situation of earlier maturity as
      declared by the financing bank), the default interests calculated based on
      the overdue interest rate as agreed in this Agreement for the number of
      actual days since the first overdue date shall be paid until the client
      has paid off all the principal and interests
  thereon;

            

    

    
      	
            	
              (2)

            	
              Where
      the client has not used the loans in the way as agreed, the financing bank
      has the right to charge the penalties based on the amount of loan used in
      a default manner at the misappropriation interest rate for the number of
      days overdue since the first overdue date until the client has paid off
      all the principal and interest;

            

    

    
      	
            	
              (3)

            	
              For
      the outstanding interests (including normal interests, default interests
      and misappropriation interests) due and payable under this Agreement (the
      term “due” in this Agreement shall include the situation of earlier
      maturity as declared by the financing bank), the compound default
      interests calculated based on the overdue interest rate as agreed in this
      Agreement for the number of actual days since the first overdue date shall
      be paid until the client has paid off all the principal and
      interests;

            

    

    
      	
              12.

            	
              Authorized
      Repayment and Offsetting: The client hereby authorizes the financing bank
      to repay on behalf of the client the outstanding debt due and payable to
      the financing bank with the sum (notwithstanding the type of currency) in
      any accounts of the client opened with the bank, no matter whether the
      debt is payable under this Agreement. This authorization is irrevocable.
      If the exchange rate conversion is involved, the conversion shall be made
      at the exchange rate as determined by the financing bank itself and the
      exchange rate risk shall be assumed by the
  client.

            

    

    
      	
              13.

            	
              Certification
      of Obligations: The financing bank shall retain on its accounting books a
      set of accounting statements and documents relating to business activities
      involved in this Agreement based on its consistent working practices. The
      client accepts and acknowledges that the recordings pertaining to the
      accounting statements and documents shall be deemed as the valid evidences
      for its obligations hereunder.

            

    

    
      	
              14.

            	
              Transfer:
      The client shall not transfer any rights or obligations under this
      Agreement. The financing bank may transfer at any time the rights or
      obligations under this Agreement to any third party and disclose to the
      third party any information concerning this Agreement, including any
      information provided to the financing bank by the client and its guarantor
      for the purpose of this Agreement.

            

    

    
      	
              15.

            	
              Information
      Disclosure: The client agrees that, in addition to the disclosure
      permitted by Article 14 hereof, any information pertaining to this
      Agreement may be disclosed by the financing bank to its head quarter,
      affiliates, associates and personnel employed by these institutions.
      Meanwhile, the disclosure by the financing bank in accordance with the
      requirements of the laws and regulations, the supervision and regulation
      department, government agent or judicial authority shall also be deemed as
      the permitted disclosure.

            

    

    
      	
              16.

            	
              Breach:
      The client shall be deemed to have breached this Agreement if the client
      has breached any of the statements and guarantees under this Agreement or
      these statements and guarantees are verified to be wrong, unreal or
      incomplete or misleading or have been breached, and/or the client has
      violated or has not performed any of the undertakings under this Agreement
      and/or the client has breached any of the provisions under this Agreement,
      and/or the client has done something that may effect the security of the
      loan granted by the financing bank, and/or the guarantor has violated the
      provisions of any guarantee documents etc. In any of the above cases, the
      financing bank is entitled to declare the earlier maturity of the loan and
      request the client to compensate for all losses including the attorney
      fees to the financing bank.

            

    

    
      	
              17.

            	
              Special
      Covenants of Group Client: If the client under this Agreement is a group
      client, the client hereby accepts and acknowledges that: (i) The client
      shall make timely reporting of the related transactions involving 10% of
      net asset of the actual accredited party, including: a association
      relationship of all parties to the transaction; b transaction items and
      properties; c
      transaction amount and corresponding proportion; d pricing strategy
      (including transactions with no value at all or only with symbolic value);
      (ii) where the followings happen to the actual accredited party, the
      client is deemed to have violated this Agreement and the financing bank
      has the right to cancel unilaterally the unused credit line and withdraw
      part or all of the used credit line or request the client to bring the
      margins to 100%: a
      to provide false materials or conceal material financial facts; b to alter arbitrarily
      the original purpose of the credit line, misappropriate the credit line or
      to conduct illegal transactions with the bank credit line; c to obtain funds or
      credit line from the bank through discount or charge with the notes and
      the accounts receivable with no actual trade backgrounds, taking advantage
      of the false contracts signed with the related parties; d refuse to accept the
      supervision and inspection of the use of credit funds and relevant
      business & financial activities; e significant merger,
      acquisition and restructuring etc that may effect the security of the
      credit granting; f
      to intentionally evade repayment of bank loans through related
      transactions.

            

    

    
      
        	
                18.

              	
                Other
      agreed Clauses

              
	 	 
	 	 

      

    

    
      	
              19.

            	
              Governing
      Laws and Jurisdictions: This Agreement shall be governed by the laws of
      the People’s Republic of China (for the purpose of this Agreement, the
      laws of Hong Kong, Macau SAR and Taiwan are excluded) and shall be
      construed in accordance with the laws thereof. Any dispute in relation to
      this Agreement shall be instituted to the People’s Court where the
      financing bank is located.

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      
        	
                SHANGHAI PUDONG DEVELOPMENT
    BANK

              	
                Short-term
      Loan
      Agreement             

              

      

    

     

    
      	
              20.

            	
              Place
      for service of process: The client confirms that for any lawsuit
      prosecuted under this Agreement, the judicial documents such as court
      summons and notifications issued in the prosecution process shall be
      deemed to have been delivered to the destination when they have been
      delivered to the address as is indicated at the beginning of this
      Agreement. Any changes to the above-mentioned address shall not become
      valid for the financing bank without any prior
    notifications.

            

    

    
      	
              21.

            	
              Severability
      of Clauses: Any invalid, illegal or unenforceable clauses under this
      Agreement shall not affect the validity, legitimacy and enforceability of
      other clauses under this Agreement.

            

    

    
      	
              22.

            	
              Any
      grace or deferred action taken by the financing bank against any of the
      client’s breaches or other behaviors during the effective term of this
      Agreement shall not impair, affect or restrict all rights and interests
      that the financing bank shall enjoy as a creditor pursuant to laws and
      this Agreement, and shall neither be deemed to be the financing bank’s
      acknowledgement of the behaviors of the client violating this Agreement,
      nor be deemed to be the waiver of the right to take actions against the
      client’s present or future non-performance of this
    Agreement.

            

    

    
      	
              23.

            	
              Consistency
      with Financing Facility Agreement: Where the Financing Facility Agreement
      (if any, including valid modifications to it from time to time) is
      inconsistent with this Agreement, this Agreement shall
      prevail.

            

    

    
      	
              24.

            	
              Signing;
      This Agreement shall be made in quadruplicate, with the client holding one
      copy and the financing bank three copies respectively, and each copy shall
      have the same force and effect with other copies. This Agreement shall
      come into effect as of the date when it is signed, or affixed with common
      seals, by the legal representatives/responsible officers or authorized
      agents of the parties hereto.

            

    

     

    Signing
Section

    The
parties confirm that (i) they have described and discussed all terms of this
Agreement in detail at the time of execution of this Agreement, (ii) they have
no doubts in all terms hereof, and (iii) they have accurately understood the
legal meanings of the terms in relation to rights, obligations, limitations of
liabilities or exemptions, of the parties hereto.

    

    
      
        	
                Client
      (common seal): Shishi Feiying Plastic Co., Ltd.

              	 	
                Financing
      Bank (common seal): SPD Bank Fuzhou Branch

              
	 
      	 	 
      
	 
      	 	
                Signed
      or sealed by Responsible Officer or Authorized Agent:

              
	
                Signed
      or sealed by Legal Representative or

              	 	 
      
	 
      	 	
                Huang
      Guangze

              
	
                Authorized
      Agent: Wu Licong

              	 	 
      

      

    

    

    Signed on
July 2, 2010

    
      
         

      

      
        5

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