Document:

Unassociated Document

    
      Exhibit
10.7

    

     

    Contract
of Guaranty of Maximum Amount

     

                                              No.:
ZGEBZHT [2009]No. 000008

     

    Party A
(surety): Xu Jianping, Gui
Zhaohui                                                                                                                                 

    

    Party B
(creditor): Guangzhou
Rural Credit Cooperatives Sanyuanli
Branch     

    

    
      Party B
will successively occur several sums of creditor’s rights with the debtor Guangzhou Dongfang Hospital
(hereinafter referred to as the “principal contract debtor”) based on the
principal contract in the period agreed herein in accordance of The Contract Law of the PRC, the
Guaranty Law of the PRC and other laws and regulations, and Party A
desires to provide guaranty of mortgage on the said creditor’s rights
(hereinafter referred to as “principal claims”) within the maximum amount of
creditor’s claim. Therefore, after consultation, the parties hereby agree to
enter into this Contract

    

    

    Article
1 The principal claim of the suretyship guaranty

     

    1.1 The
forms of the principal contracts hereunder are as follows:

     

    Several
borrowing contracts, acceptance agreements, L/C issuing contracts, letter of
guarantee (or shipping guarantee) and other financing documents entered into
successively by and between Party B and  debtor of the principal
contract in the period during which the principal claims occur agreed in Article
1.4 herein are the principal contracts hereof.

     

    1.2 The
business kind of the principal claims guaranteed by Party A is the same as the
agreement in the principal contracts.

     

    1.3 The
maximum amount of the principal claim hereunder is: currency RMB, principal (in
words) fifteen million
yuan only (of which the foreign currency is to be translated according to
the foreign currency ask price published by Party B) and its interest, overdue
interest, penalty for interest, compound interest, default fine, compensation
for damage, expenses for enforcing the creditor’s rights
(including without limitation expenses for litigation, arbitration,
preservation, declaration, assessment, appraisal, auction, travel, telephone,
lawyer, etc.).

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      1.4 The
occurrence period of the principal claim secured hereunder is from 2009 YY     MM__DD
to 2014 YY     MM     DD,
and the agreement in this article has the following meanings:

    

     

    (1) If
the business kind agreed in the principal contract is borrowing business, then
the dispensing date for every sum of borrowing shall not exceed the expiry date
of such period;

     

    (2) If
the business kind agreed in the principal contract is draft acceptance/issuing
L/C/ issuing L/G (or shipping guarantee), then the date of raft
acceptance/issuing L/C/ issuing L/G (or shipping guarantee) of Party B shall not
exceed the expiry date of such period;

     

    (3) The
expiry date of each sum of creditor’s rights shall be
subject to the date agreed in specific business contract and shall not be
limited by whether such period expires.

    

    Article
2 Determination of creditor’s rights of the
suretyship guaranty and ways of guaranty

     

    2.1 The
creditor’s
right secured hereunder will be determined in any of the following
circumstances:

     

    (1) The
occurrence period of the principal claim provided in Article 1.4 herein
expires;

     

    (2) The
creditor of principal contract declares all the debts under the principal
contract are due in advance according to provisions of laws or agreement of the
principal contract;

     

    (3) Other
circumstances for determination of the creditor’s right secured provided by
laws.

     

    2.2 The
determination of the creditors’right secured hereunder occurs the following
effects:

     

    (1) The
creditor’s rights under the principal contract unpaid when the creditor’s rights
secured are determined are within the scope of the creditor’s rights of
guaranty, whether the time limit for enforcement of such creditor’s rights
expires or there are additional conditions;

     

    (2) When
the creditor’s right secured is determined, all amounts other than the principal
agreed in Article 1.3 herein are within the scope of the creditor’s rights of
guaranty, whether they have occurred when determined;

     

    2.3 The
way of guaranty of Party A is suretyship of joint and several liability. If the
debtor of the principal contract fails to perform the repayment obligation in
the period from the date of the determination of the creditor’s right of
guaranty to full repayment of the creditor’s right of
guaranty, Party B shall be entitled to directly recourse against Party A, and
Party A shall repay corresponding debt to Party B immediately.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    2.4 Where
there exist other guaranties (including without
limitation property guaranty provided by debtor of the principal contract to
Party B)under
the principal contract except the ways of guaranty agreed herein, Party B shall
be entitled to priority hereunder and require Party A to bear the joint and
several liability,and the guaranty
responsibility borne by Party A to Party B shall not be affected by other
guaranties, and that Party B creditor’s rights to other guarantors or conducts
litigation/arbitration/enforcement activities shall not be the precondition that
Party A bears such guaranty responsibility. In case Party B waives or changes
the guaranty of its property provided for any reason or changes the priority of
the guaranty, which causes its priority of compensation under the guaranty of
the said property losses or decreases, Party A agrees that its guaranty
responsibility hereunder does not waive or decrease accordingly.

     

    Article
3 Term of guaranty

     

    3.1 The
term of guaranty during which Party A bears the guaranty responsibility is two
years, the date beginning of which shall be determined in the following
ways:

     

    (1) Where
the date of expiry of performance of any debt is earlier than or same with the
date of determination of creditor’s right of
guaranty, the date beginning for the term of guaranty during which Party A bears
guaranty responsibility to such debt is the date of determination of the
creditor’s
right of guaranty;

     

    (2) Where
the date of expiry of performance of any debt is later than the date of
determination of creditor’s right of
guaranty, the date beginning for the term of guaranty during which Party A bears
guaranty responsibility to such debt is the date of expiry for the performance
of such debt;

     

    3.2 The
“date of expiry for the performance of the debt” stipulated in proceeding
paragraph includes the date of expiry of each debt in the event that the debtor
repays the debt in installments; also includes the date when the debtor declares
the debt is due in advance according to the agreement in the principal
contract.

     

    3.3 If
the business under the principal contract is L/C, acceptance draft, letter of
guarantee, shipping guarantee, etc, the date of making advances shall be deemed
as the date of expiry for the performance of such debt; where advances is made
in batches, the term of guaranty shall be calculated from the date of each
advance separately.

     

    Article
4 Rights and obligations of Party A

     

    4.1 Party
A warrants that it is a natural person having full capability for civil conduct
or a legal entity incorporated according to law and exists effectively, having
the qualification as a surety and repayment capability on behalf of others as
provided for in law, voluntary to bear and perform the guaranty responsibility
with assets owned by it or it has the right to dispose.

     

    4.2 Party
A warrants that the signing of this contract has been approved by the higher
competent authority of Party A or authorities such as the board of directors,
shareholders, general meeting, and obtains all necessary
authorizations.

     

    4.3 Party
A warrants that it signing and performing this Contract do not violate any
regulation or agreement binding upon Party A and its assets, and guaranty
agreements and other agreements signed by it with others and content of any
other documents, agreements and undertakings binding upon Party
A.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    4.4 If
the principal contract hereunder is an agreement of banker’s acceptance, Party A
warrants that the dispute in any bill or non-bull between the debtor of the
principal contract and holder of acceptance draft, endorser other interested
parties shall not affect Party A bears the guaranty responsibility to Party B
according to this Contract.

     

    4.5 Party
A warrants that it shall provide such financial statements as the balance sheet,
income statement and cash flow statement at demand of Party B during the term of
validity of this Contract, and accept the examination and supervision of its
operation and financial position by Party B.

     

    4.6  During
the effective term of this Contract, Party A shall notify Party B in writing and
fulfill all the guaranty responsibilities hereunder thirty days before change of
the operation ways, self system or legal positions, including without limitation
contract, lease, custody, asset restructuring, debt restructuring, shareholding
reform, joint operation, consolidation (or merger), division, compensated
transfer of property right, joint venture (or cooperation), decrease of
registered capital, or application for suspending operation for reorganization,
application for dissolution (or cancellation), application for restructuring,
reconciliation or bankrupt.

     

    4.7 Party
A shall, during the term of validity of this Contract, notify Party B within
three days after the change of its operation ways, self system and legal status
including without limitation   it is declared suspending
operation for reorganization, shut down, dissolved (or cancelled), applied for
restructuring or bankrupt and occurrence of the circumstances endangering its
own normal operation or loss the guaranty capability.

     

    4.8 If
Party A changes its domicile, name or legal representative, it shall notify
Party B in writing within seven days after change.

     

    4.9 Party
A shall still bear the guaranty responsibility on a voluntary basis when the
borrowings under the principal contract are used for paying old
debt.

     

    4.10 All
documents and materials provided by Party A related to mortgage are true,
accurate, legitimate and valid.

    

    Article
5 Rights and obligations of Party B

     

    5.1 Party
B has the right of requiring Party A to provide the financial reports, financial
statements and other data reflecting its situation in operation and
credit.

     

    5.2 In
the event Party A fails to perform the obligations hereunder, Party B shall be
entitled to directly deduct the money payable from Party A from the account
Party A opens with the business department of Guangzhou Rural Credit
Cooperatives. In case of discrepancy between the current in the account and that
of the principal creditor’s right when Party
B transfer from Party A’s account, the money shall be converted at the offer
price of the foreign exchange published by Party B on the day of
transfer.

     

    5.3 Party
B need not notify Party A separately when concluding specific business contract
(or agreement) with debtor of principal contract.

    

    Article
6 Effectiveness, change and cancellation of contract

     

    6.1 This
Contract will come into effect after it is signed by the parties hereto. The
effectiveness of this Contract shall be independent to that of the principal
contract, and shall not invalid with the principal contract. If the principal
contract is regarded as invalid, Party A shall be jointly and severally liable
to the debt caused by return of property or compensation loss of the principal
debtor.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    6.2 After
this Contract comes into effect, neither party shall change or cancel this
Contract without authorization.

     

    6.3 If
the kind of the principal creditor’s right hereunder is advance fund issued by
L/C, Party A confirms that when the applicant and Party B agree to change the
L/C, if the amount thereunder after it is amended (such amount does not include
the interest, default fine, compensation and other related costs) does not
exceed the maximum amount of creditor’s right secured hereunder, no matter how
the amount and other terms of the L/C change, the above-said change shall be
deemed to have obtained Party A’s prior consent, therefore, this Contract
continues to be effective and Party A shall continue to be  jointly
and severally liable.

    

    Article
7 Liability for breach of contract

     

    After
this Contract comes into effect, both Party A and Party B shall perform the
obligations hereunder, either party who does not perform or fully perform its
obligations hereunder shall bear corresponding liability for breach of contract
and compensate for losses thus caused.

    

    Article
8 Notarization clause

     

    Party A
and Party B agree and confirm that if this Contract is notarized by the notary
authority to be a creditor’s right document having enforcement effect and the
debtor of the principal contract fails to pay off the principal and the interest
thereof and other expenses payable owed to Party B on schedule or otherwise
breaches the contract, Party B shall be entitled to directly apply to the
people’s court having jurisdiction for enforcement. Party A agrees to accept the
enforcement by the people’s court unconditionally and waive of the right of
defense.

    

    Article
9 Settlement of disputes

     

    9.1 Any
dispute between Party A and Party B arising from this Contract shall be settled
through negotiation; in case no settlement can be reached, the parties may
settle in the way of A
below:

     

    A. Appeal
to the people’s court of domicile of Party B;

     

    B. Apply
to Guangzhou Arbitration Committee for arbitration.

     

    9.2 If
the above way of settling the dispute chosen by both parties is different to one
chosen in the principal contract, the way of settling the dispute chosen in the
principal shall prevail.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    Article
10 Supplementary provisions

     

    10.1 In
the term of validity of this Contract, if Party A’s name of legal person, legal
representative and domicile change while Party A fails to notify Party B in
writing, all documents sent by Party B according to the information of name,
legal representative and domicile before change shall be deemed as
served.

     

    10.2 If
the principal contracts hereunder secured change (including without limitation
the amount, term, interest rate, purpose, etc.), whether Party A has known or
not, it still shall bear the guaranty responsibility.

     

    10.3
Party A shall bear all related costs for registration, insurance, notarization,
verification, appraisal, assessment, auction, transportation hereunder and under
its principal contracts. If such costs shall be paid by Party B on Party A’s
behalf, Party B shall be entitled to directly deduct from Party A’s
account.

     

    10.4 This
Contract is made out in quadruplicate, Party
A holding one
copy, Party B holding one copy, which are
equally authentic.

    

    Article
11 Other agreements

     

    Other
matters agreed by both parties:

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                           
      

                                                      
	
                                                            
  

                                                      

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    Party A:
Xu
Jianping                                                                                        
  (seal)

    

    Legal
representative/person in charge

    (or
agent)                                                              
                                          
 (signature)

    

    /s/ Xu
Jianping

    

        2009        YY    9   MM    30     DD

    

    Party A:
Gui
Zhaohui                                                                           
            
 (seal)

    

    Legal
representative/person in charge  Xu Jianping

    (or
agent)                                                                                                  
        (signature)

    

    /s/ Gui
Zhaohui

    

        2009         YY    9    MM    30     DD

    

    Party B:
Guangzhou Rural Credit Cooperatives Sanyuanli
Branch               
   (seal)

    

    Legal
representative/person in charge  Cao Yantao

    (or
agent)                                                                                                     
     (signature)

    

    /s/ Cao
Yantao

    

        2009       YY    9    MM    30     DD

    
      
         

      

      
        7Unassociated Document

    
      
        Exhibit
10.8

      

       

      Contract
of Mortgage of Maximum Amount

       

      No.:
ZGEDYHT [2009]No. 000010

       

      
        
          	
                  Party
      A (mortgager):

                	
                  Guangzhou Dongfang
  Hospital

                
	 
      	 
      
	
                  Party
      B (creditor):

                	
                  Guangzhou Rural Credit Cooperatives Sanyuanli
  Branch

                

        

      

      

      
        Party B
will successively occur several sums of creditor’s creditor’s rights with the
debtor Guangzhou Dongfang Hospital (hereinafter referred to as the “principal
contract debtor”) based on the principal contract in the period stipulated
herein in accordance of The Guaranty Law of the PRC, the Property Law of the PRC
and other laws and regulations, and Party A desires to provide guaranty of
mortgage on the said creditor’s creditor’s rights (hereinafter referred to as
“principal claims”) to the extent of the maximum amount of creditor’s creditor’s
right. Therefore, after consultation, the parties hereby agree to enter into
this Contract

      

      

      Article
1 The kind, maximum amount of creditor’s right and occurrence period of
creditor’s right of the principal claim guaranteed

       

      1.1 The
forms of the principal contracts hereunder are chosen as follows:

       

      Several
borrowing contracts, acceptance agreements, L/C issuing contracts, letter of
guarantee (or shipping guarantee) and other financing documents entered into
successively by and between Party B and  debtor of the principal
contract in the period during which the principal claims occur stipulated in
Article 1.4 herein are the principal contracts hereof.

       

      1.2 The
business kind of the principal claims guaranteed by Party A is the same as the
agreement in the principal contracts.

       

      1.3 The
maximum amount of the principal claim hereunder is: currency RMB, principal (in
words) fifteen million
yuan only (of which the foreign currency is to be translated according to
the foreign currency ask price published by Party B) and its interest, overdue
interest, penalty for interest, compound interest, default fine, compensation
for damage, expenses for enforcing the right of mortgage and creditor’s right
(including without limitation expenses for litigation, arbitration,
preservation, declaration, assessment, appraisal, auction, travel, telephone,
lawyer, etc.) and other expenses payable of the debtor of the principal
contract.

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      1.4 The
occurrence period of the principal claim secured hereunder is from 2009 YY MM______DD
to 2014
YY____MM ____DD, and the agreement in this article has the following
meanings:

       

      (1) If
the business kind stipulated in the principal contract is borrowing business,
then the dispensing date for every sum of borrowing shall not exceed the expiry
date of such period;

       

      (2) If
the business kind stipulated in the principal contract is draft
acceptance/issuing L/C/ issuing L/G (or shipping guarantee), then the date of
raft acceptance/issuing L/C/ issuing L/G (or shipping guarantee) of Party B
shall not exceed the expiry date of such period;

       

      (3) The
expiry date of each sum of creditor’s right shall be subject to the date
stipulated in specific business contract and shall not be limited by whether
such period expires.

      

      Article
2 Mortgaged property

       

      2.1 For
information concerning the quantity, quality, condition and location, etc. of
the mortgaged property provided by Party A, see Appendix hereto: List of
Mortgaged Property.

       

      2.2 The
total assessment value of the mortgaged property provided by Party A on the date
of signing of this Contract is RMB (in words) sixty million and three
hundred forty thousand yuan only. This assessment value does not serve as
the assessment basis for disposal of the mortgaged property for Party B
according to agreement herein, nor does it constitute any limitation on Party B
to exercise the right of mortgage.

       

      2.3 If
Party B deems necessary, Party A shall submit to Party B for keeping the
certificates of all property right or right to use of the mortgaged property and
other valid certification documents and corresponding
materials.

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      Article
3 Possession and management of mortgaged property

       

      3.1 The
mortgaged property hereunder is possessed and managed by Party A, who is liable
for proper management and reasonable use of the mortgaged property. Party B has
the right of supervising and reviewing the situation of management and use of
the same.

       

      3.2
During the mortgage, without prior written permission of Party B, Party A shall
not present, transfer, lease or remortgage the mortgaged property or in any
other ways. In the event Party A transfer, lease or dispose in other ways the
mortgaged property upon written permission of Party B, and the price gotten
shall be used for paying off the creditor’s right secured in advance or
drawing.

       

      3.3
During the mortgage, in the event the mortgaged property is lost, destroyed,
expropriated or requisitioned or possessed by the third party due to affixation,
mix or processing, Party A shall take effective measures timely to prevent the
loss from expanding, meanwhile, immediately notify Party B in writing. Party B
has the right to be compensated first in respect to the insurance premium,
compensation, etc.; in the case the performance period of the creditor’s right
secured does not expire, Party B has the right to require the debt to be paid
off in advance or to preserve.

       

      3.4
During the mortgage, in the case the value of the mortgaged property decreases,
Party B has the right to ask Party A to recover the value of the mortgaged
property or provide the guarantee equivalent to the decreased valued approved by
Party B.

      

      Article
4 Insurance of the mortgaged property

       

      4.1 Party
A shall cover the insurance for the mortgaged property at the demand of Party B,
and appointed Party B as the payee of priority for compensation (the first
beneficiary) of such insurance; in case the insurance was covered earlier, the
change procedure for property insurance with Party B as the first beneficiary
shall be handled.

       

      4.2 The
insurance premium shall be borne by Party A, who shall pay it timely and in full
amount and perform other obligations under the insurance contract (including the
insurance polity or other insurance certificates, the same below). During the
mortgage, in case Party A fails to pay the insurance premium or go through the
insurance (renewal) procedure as stipulated, Party B shall be entitled to pay or
go through the insurance (renewal) procedure on behalf of Party A, with the
relevant expenses borne by Party A. Party A agrees Party B directly transfer the
said expenses from the account opened by Party A with Party B.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      4.3
During the mortgage, without the written consent of Party B, Party A shall not
unilaterally or by negotiation with the insurer change, rescind, suspend or
terminate the insurance contract, or waive of the creditor’s right for insurance
premium or right to creditor’s right for compensation to the third
party.

       

      4.4
During the mortgage, in case the mortgaged property occurs insurance accident,
Party A shall notify the insurer and Party B immediately, and be liable for the
creditor’s right matters. In the case Party A fails to notify immediately or
creditor’s right, which causes loss of Party B, it shall be liable for the
compensation.

       

      4.5
During the period of existence of the right of mortgage, the original of the
insurance polity shall be kept by Party B.

      

      Article
5 Floating mortgage

       

      5.1 In
the event Party A mortgages its existing and future production equipment, raw
material, semi-finished product or finished product, the mortgaged property
shall be determined upon occurrence of any of the following
circumstances:

       

      (1) Party
B’s creditor’s right fails to enforce when the time limit for the performance of
the obligation expires;

       

      (2) Party
A is declared bankrupt or canceled;

       

      (3) The
circumstance that Party B enforces the mortgage occurs provided in Article
7;

       

      (4) Other
circumstances that severely impact enforcement of Party B’s creditor’s
right.

       

      5.2 Where
Party A provides guaranty of mortgage with the above-said properties to Party B,
other agreements herein shall apply to except agreement in this
article.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      Article
6 Mortgage registration

       

      Where the
properties stipulated herein are mortgaged, the parties hereto shall handle the
mortgage registration timely with the legal registration authority.

      

      Article
7 Determination of creditor’s rights secured and enforcement of
mortgage

       

      7.1 The
creditor’s rights secured hereunder will be determined in any of the following
circumstances:

       

      (1) The
occurrence period of the principal claim provided in Article 1.4 herein
expires;

       

      (2) The
creditor of principal contract declares all the debts under the principal
contract are due in advance according to provisions of laws or agreement of the
principal contract;

       

      (3) Other
circumstances for determination of the creditor’s rights secured provided by
laws.

       

      7.2 The
determination of the creditor’s right secured hereunder occurs the following
effects:

       

      (1) The
creditor’s rights under the principal contract unpaid when the creditor’s rights
secured are determined are within the scope of the creditor’s rights of guaranty
of mortgage, whether the time limit for enforcement of such creditor’s rights
expires or there are additional conditions;

       

      (2) When
the creditor’s right secured is determined, all amounts other than the principal
stipulated in Article 1.3 herein are within the scope of the creditor’s rights
of guaranty of mortgage, whether they have occurred when
determined;

       

      7.3 In
the period between the date of determination of the creditor’s right secured and
full payment of the creditor’s right secured, if the circumstance occurs under
which the creditor of the principal contract fails to perform its obligation of
paying debt, Party B shall be entitled to dispose the mortgaged property
hereunder.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      7.4 Where
there exist other guaranties (including without
limitation property guaranty provided by debtor of the principal contract to
Party B)under
the principal contract except the ways of guaranty stipulated herein, Party B
shall be entitled to priority of mortgage hereunder,and the guaranty
responsibility borne by Party A to Party B shall not be affected by other
guaranties, and that Party B creditor’s rights to other guarantors or conducts
litigation/arbitration/enforcement activities shall not be the precondition that
Party A bears such guaranty responsibility. In case Party B waives or changes
the guaranty of its property provided for any reason or changes the priority of
the guaranty, which causes its priority of compensation under the guaranty of
the said property losses or decreases, Party A agrees that its guaranty
responsibility hereunder does not waive or decrease accordingly.

       

      7.5 When
Party B exercises the right of mortgage, it shall be entitled to convert the
property into money to offset the debts or auction or sell or ask the people’s
court to auction or sell the mortgaged property, and have priority in satisfying
his creditor’s right from the proceeds thereof.

      

      Article
8 Rights and obligations of Party A

       

      8.1 Party
A warrants that it is a natural person having full capability for civil conduct
or a legal entity incorporated according to law and exists effectively, having
the qualification as a guarantor as provided in law, and the signing of this
contract has been approved by the higher competent authority of Party A or
authorities such as the board of directors, shareholders, general meeting, and
obtains all necessary authorizations.

       

      8.2 Party
A warrants that it has the ownership and right of disposal according to law of
the mortgaged property hereunder; if the mortgaged property is co-owned, the
consent of the co-owners has been obtained.

       

      8.3 Party
A warrants that there exist no circumstances that the mortgaged property is
disputed, sealed up, detained or placed under surveillance, nor the mortgaged
property is leased, or although leased, it has notified Party B in
writing.

       

      8.4 If
the principal contract hereunder is an agreement of banker’s acceptance, Party A
warrants that the dispute in any bill or non-bull between the debtor of the
principal contract and holder of acceptance draft, endorser other interested
parties shall not affect Party A bears the guaranty responsibility to Party B
according to this Contract.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      8.5 If
the mortgaged property hereunder is released after mortgaged, Party A warrants
it will notify the mortgage matter to the lessee, and inform relevant situation
of lease to Party B in writing.

       

      8.6 Party
A shall not present, transfer, remortgage or dispose in any other ways the
mortgaged property without written consent of Party B before termination of this
Contract.

       

      8.7
During the mortgage, if any conduct of Party A is enough to make the value of
mortgaged property decrease, Party B shall be entitled to require Party A to
stop its conduct. When the value of mortgaged property decreases, Party B shall
be entitled to require Party A to recover the value of mortgaged property or
provide a new guaranty approved by Party B.

       

      8.8 When
the mortgaged property is or is likely infringed from any third party, Party A
shall be liable for taking measures to avoid such infringement.

       

      8.9
During the mortgage, the newly added value due to innovation or adding
attachments to the mortgaged property by Party A shall be an integral part of
this mortgaged property to jointly guaranty the enforcement of the creditor’s
right.

       

      8.10
During the effective term of this Contract, Party A shall notify Party B in
writing and fulfill all the guaranty responsibilities hereunder thirty days
before change of the operation ways, self system or legal positions, including
without limitation contract, lease, custody, asset restructuring, debt
restructuring, shareholding reform, joint operation, consolidation (or merger),
division, compensated transfer of property right, joint venture (or
cooperation), decrease of registered capital, or application for suspending
operation for reorganization, application for dissolution (or cancellation),
application for restructuring, reconciliation or bankrupt.

       

      8.11
Party A shall, during the term of validity of this Contract, notify Party B
within three days after the change of its operation ways, self system and legal
status including without limitation   it is declared suspending
operation for reorganization, shut down, dissolved (or cancelled), applied for
restructuring or bankrupt and occurrence of the circumstances endangering its
own normal operation or loss the guaranty capability.

       

      8.12 If
Party A changes its domicile, name or legal representative, it shall notify
Party B in writing within seven days after change.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      8.13
During the term of validity of this Contract, if the mortgaged property is
sealed up or detained, Party A shall notify Party B immediately.

       

      8.14
Party A shall still bear the guaranty responsibility on a voluntary basis when
the borrowings under the principal contract are used for paying old
debt.

       

      8.15 All
documents and materials provided by Party A related to mortgage are true,
accurate, legitimate and valid.

      

      Article
9 Rights and obligations of Party B

       

      9.1 Party
B need not notify Party A when concluding specific business contract (or
agreement) with debtor of principal contract.

       

      9.2 Party
B has the right of timely requiring Party A to provide materials concerning
situation of the mortgaged property and checking the situation of the mortgaged
property.

       

      9.3 If
there exist dispute in the mortgaged property or it is sealed up, detained,
placed under surveillance or leased without permission, Party B shall be
entitled to dispose the mortgaged property according to this
Contract.

       

      9.4 After
all the creditor’s rights within the scope of the guaranty of mortgage in this
Contract are paid off as schedule, Party B shall assist Party A in handling the
registration for cancellation of mortgage. If Party B keeps the certificates of
property right or right of use of the mortgaged property or effective
certification documents, it shall return them to Party A.

      

      Article
10 Effectiveness, change and cancellation of contract

       

      10.1 This
Contract will come into effect after it is signed by the parties
hereto.

       

      10.2
After this Contract comes into effect, neither party shall transfer, change or
cancel this Contract without authorization.

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      10.3 If
the kind of the principal claim hereunder is advance fund issued by L/C, Party A
confirms that when the applicant and Party B agree to change the L/C, if the
amount thereunder after it is amended (such amount does not include the
interest, default fine, compensation and other related costs) does not exceed
the maximum amount of creditor’s right secured hereunder, no matter how the
amount and other terms of the L/C change, the above-said change shall be deemed
to have obtained Party A’s prior consent, therefore, this Contract continues to
be effective and Party A shall continue to be liable.

      

      Article
11 Liability for breach of contract

       

      11.1
After this Contract comes into effect, both Party A and Party B shall perform
the obligations hereunder, either party who does not perform or fully perform
its obligations hereunder shall bear corresponding liability for breach of
contract and compensate for losses thus caused.

       

      11.2
After this Contract comes into effect, if Party A rejects to assist Party B in
handling the procedure for mortgage registration hereunder which causes the
principal contract fails to be performed, Party B shall be entitled to collect
five in ten thousand of the principal of the principal claim to be secured as
the default fine, but except that Party A fails to handle registration with the
legal registration authority due to objective cause.

       

      Article
12 Notarization clause

       

      Party A
and Party B agree and confirm that if this Contract is handled enforcement
notarization by the notary authority and the debtor of the principal contract
fails to pay off the principal and the interest thereof and other expenses
payable owed to Party B on schedule or otherwise breaches the contract, Party B
shall be entitled to directly apply to the people’s court having jurisdiction
for auction or sale of the mortgaged property with the proceeds from the auction
or sale used to pay Party B’s creditor’s right. Party A agrees to accept the
enforcement by the people’s court unconditionally and waive of the right of
defense.

      

      Article
13 Settlement of disputes

       

      13.1 Any
dispute between Party A and Party B arising from this Contract shall be settled
through negotiation; in case no settlement can be reached, the parties may
settle in the way of A
below:

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      A. Appeal
to the people’s court of domicile of Party B;

       

      B. Apply
to Guangzhou Arbitration Committee for arbitration.

       

      13.2 If
the above way of settling the dispute chosen by both parties is different to one
chosen in the principal contract, the way of settling the dispute chosen in the
principal shall prevail.

      

      Article
14 Supplementary provisions

       

      14.1 In
the term of validity of this Contract, if Party A’s name of legal person, legal
representative and domicile change while Party A fails to notify Party B in
writing, all documents sent by Party B according to the information of name,
legal representative and domicile before change shall be deemed as
served.

       

      14.2
Party A shall bear all related costs for registration, insurance, notarization,
verification, appraisal, assessment, auction, transportation hereunder and under
its principal contracts. If such costs shall be paid by Party B on Party A’s
behalf, Party B shall be entitled to directly deduct from Party A’s
account.

       

      14.3 The
mortgagor agrees to serve as the surety of the principal claim, and when the
mortgaged property is insufficient to pay off the principal claim hereunder,
Party A agrees to be jointly and severally liable to Party B.

       

      14.4 If
the principal contracts hereunder secured change (including without limitation
the amount, term, interest rate, purpose,etc.), whether Party A has known or
not, it still shall bear the mortgage responsibility with all the mortgaged
property stipulated herein.

       

      14.5 This
Contract is made out in quadruplicate, Party A holding one copy, Party B holding
one copy, which are equally authentic.

       

      14.6 The
relevant appendix hereunder is the integral part hereof and equally
authentic.

      

      Article
15 Other agreements

       

      Other
matters agreed by both parties:

      

      
        	
                /

              

      

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      

      
        
          
            	
                    /

                  
	 
	
                    /

                  

          

        

      

      

      Appendix: List of mortgaged
property

      

      Party A:
Guangzhou Dongfang Hospital        
     (seal)

      

      Legal
representative/person in charge      Xu
Jianping

      (or
agent)         (signature)

      

      /s/ Xu
Jianping

      

           
2009     YY     
  9       MM   
  30     DD

      

      Party B:
Guangzhou Rural Credit Cooperatives Sanyuanli
Branch         
    (seal)

      

      Legal
representative/person in charge:     Cao Yantao

      (or
agent)         (signature)

      

      /s/ Cao
Yantao

      

          
 2009       YY    
 9      MM    
30      DD

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      Appendix

      List of
Mortgaged Property

       

      (The
corresponding number is Contract of Mortgage of Maximum Amount ZGEDYHT[2009]
No.000010)

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          Number

                                        	 	
                                          Name of mortgaged

                                          property

                                        	 	
                                          Name and number of

                                          ownership

                                          certification

                                          document(invoice,

                                          certificate, approval

                                          document, contract,

                                          etc.)

                                        	 	
                                          Location

                                        	 	
                                          Situation of use of

                                          mortgaged property

                                        	 	
                                          Assessment value

                                          (unit: ten thousand

                                          yuan)

                                        	 	
                                          Construction area

                                        
	
                                          1

                                        	 	
                                          Non-residential

                                          house

                                        	 	
                                          Yue
      Fang Di Zheng

                                          Zi
      No.C7130710

                                        	 	
                                          No.
      8 Shi’an South

                                          Road,
      Shijing Street,

                                          Baiyun
      District

                                        	 	
                                          Self-use

                                        	 	
                                          6034

                                        	 	
                                          14595.35
      m2

                                        
	
                                          2

                                        	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	
                                          3

                                        	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	
                                          4

                                        	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	
                                          5

                                        	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	
                                          6

                                        	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      

      This list of mortgaged property is true
certified by the mortgager (and co-owner) and mortgagee。

      

      Mortgager
(and co-owner): Guangzhou Dongfang
Hospital          Mortgagee(creditor): Guangzhou Rural Credit
Cooperatives Sanyuanli
Branch       

       

      Authorized
signer: Xu
Jianping                       Person
in charge (agent): Cao
Yantao                                               

       

      /s/ Xu
Jianping                                              /s/  Cao
Yantao

      
        
           

        

        
          12

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