Document:

EQUITY
      INTEREST PLEDGE AGREEMENT

    

    THIS
      EQUITY
      INTEREST PLEDGE
      AGREEMENT (“Agreement”)
      is
      entered into by and between the following parties on March 31, 2008 

    

    Pledgee:
      Beijing Huate Xingye Keji Co., Ltd. (“Party A”)

    Registered
      address: Room 5107, Shenchang Building, 51 Zhichun Road, Haidian District,
      Beijing

    

    Pledgor:
      Dalian
      Winland Group Co., Ltd.
      (“Party B”)

    Address:
      No. C2 Floor 23, No.4 Shanghai Road, Zhongshan District, Dalian

    

    (each
      a
“Party”
and
      collectively the “Parties”)

    

    WHEREAS:

    

    
      	
              1.

            	
              The
                Pledgee is a wholly
                foreign-owned enterprise duly established and valid existing under
                the PRC
                laws. The Pledgee and [Dalian
                Winland International Shipping Agency Co., Ltd.]
                owned by the Pledgor entered into Exclusive Technical Consulting
                and
                Service Agreement on [March 31, 2008] (the “Service
                Agreement”).

            

    

    

    
      	
              2.

            	
              The
                Pledgor, a local company incorporated under the laws of the People’s
                Republic of China (the “PRC”),
                who holds 51% equity interest of [DALIAN WINLAND INTERNATIONAL SHIPPING
                AGENCY CO., LTD.], which is a
                limited liability company duly established and valid existing
                in
                Beijing under the laws of PRC.

            

    

    

    
      	
              3.

            	
              Pursuant
                to the Service Agreement, [DALIAN WINLAND INTERNATIONAL SHIPPING
                AGENCY
                CO., LTD.] shall make certain payments to the Pledgee in consideration
                of
                the services and consultant provided by the Pledgee thereunder. In
                order
                to ensure that the Pledgee collects technical fee from [DALIAN WINLAND
                INTERNATIONAL SHIPPING AGENCY CO., LTD.], the Pledgor is willing
                to pledge
                all its equity interest in [DALIAN WINLAND INTERNATIONAL SHIPPING
                AGENCY
                CO., LTD.] to the Pledgee as a security for the Pledgee to collect
                the
                technical consulting and service fees under the Service
                Agreement.

            

    

    

    NOW
      THEREFORE, through
      mutual negotiations, the Parties hereto agree as follows:

     

    
      	
              Article
                1

            	
              Definitions

            

    

    

    Unless
      it
      is otherwise stipulated, for the purpose of this Agreement, the following terms
      shall have the following meanings:

    

    
      	
              1.1

            	
              Pledge
                means the full meaning assigned to that term in Article 2 of this
                Agreement.

            

    

    

    
      	
              1.2

            	
              Equity
                Interest means the 51% equity interest (the “Equity
                Interest”)
                in [DALIAN WINLAND INTERNATIONAL SHIPPING AGENCY CO., LTD.] legally
                held
                by the Pledgor and all the other equity interest which might be further
                held by the Pledgor;

            

    

    

    
      	
              1.3

            	
              Rate
                of Pledge means the ratio between the value of the pledge under this
                Agreement and the technical consulting fees under the Service Agreement.
                

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
              1.4

            	
              Term
                of Pledge means the period provided for under Article 3.2
                hereunder.

            

    

    

    
      	
              1.5

            	
              Service
                Agreement means the Exclusive Technical Consulting and Service Agreement
                entered into by and between [DALIAN WINLAND INTERNATIONAL SHIPPING
                AGENCY
                CO., LTD.] and the Pledgee. 

            

    

    

    
      	
              1.6

            	
              Event
                of Default means any event in accordance with Article 7
                hereunder.

            

    

    

    
      	
              1.7

            	
              Notice
                of Default means the notice of default issued by the Pledgee in accordance
                with this Agreement.

            

    

     

    
      
        
          	Article
                  2	
                  Pledge

                

        

      

    

    

    
      	
              2.1

            	
              Party
                B agrees to pledge all its Equity Interest in [DALIAN WINLAND
                INTERNATIONAL SHIPPING AGENCY CO., LTD.] to the Pledgee as a guarantee
                for
                the technical consulting service fee payable to the Pledgee under
                the
                Service Agreement.

            

    

    

    
      	
              2.2

            	
              Pledge
                under this Agreement refers to the rights owned by the Pledgee who
                shall
                be entitled to have priority in receiving payment or proceeds from
                the
                auction or sale of the equity interest pledged by the Pledgor to
                the
                Pledgee. 

            

    

    

    
      
        
          
            	Article
                    3	
                    Rate
                      of Pledge and Term of
                      Pledge

                  

          

        

      

    

    

    
      	
              3.1

            	
              The
                Rate of Pledge: 100%

            

    

    

    The
      Rate
      of Pledge shall be 100% under this Agreement.

    

    
      	
              3.2

            	
              The
                Term of Pledge

            

    

     

    
      	
            	3.1.1	
              The
                Pledge of the Equity Interest under this Agreement shall take effect
                as of
                the date that the Pledge of the Equity Interest is recorded in the
                register of shareholders of [DALIAN WINLAND INTERNATIONAL SHIPPING
                AGENCY
                CO., LTD.].

            

    

    

    
      	
            	3.1.2	
              During
                the Term of Pledge, the Pledgee shall be entitled to foreclose on
                the
                Pledge in accordance with this Agreement in the event that [DALIAN
                WINLAND
                INTERNATIONAL SHIPPING AGENCY CO., LTD.] fails to pay exclusive technical
                consulting and service fees in accordance with Service
                Agreement.

            

    

    

    
      
        
          	Article
                  4	
                  Physical
                    Possession of
                    Documents

                

        

      

    

    

    
      	
              4.1

            	
              During
                the Term of Pledge, the Pledgee shall be entitled to possess the
                contribution certificate of the Equity Interest (the “Contribution
                Certificate”)
                and the register of shareholders of [DALIAN WINLAND INTERNATIONAL
                SHIPPING
                AGENCY CO., LTD.]. The Pledgor shall delivery the Contribution Certificate
                and the register of shareholders hereunder to the Pledgee within
                one week
                after the signature date of this
                Agreement.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
              4.2

            	
              The
                Pledgee shall be entitled to collect the dividends from the Equity
                Interest.

            

    

    

    
      
        
          	Article
                  5	
                  Representations
                    and Warranties of Party
                    B

                

        

      

    

    

    
      	
              5.1

            	
              Party
                B is the legal owner of the Equity
                Interest.

            

    

    

    
      	
              5.2

            	
              Except
                as otherwise provided hereunder, the Pledgee shall not be interfered
                with
                by any parties at any time when the Pledgee exercising its rights
                in
                accordance with this Agreement. 

            

    

    

    
      	
              5.3

            	
              Except
                as otherwise provided hereunder, the Pledgee shall be entitled to
                exercise, dispose of or assign the Pledge in accordance with this
                Agreement. 

            

    

    

    
      	
              5.4

            	
              The
                Pledgor shall not pledge or encumber the Equity Interest to any other
                person except for the Pledgee.

            

    

    

    
      
        
          	Article
                  6	
                  Covenant
                    of the Pledgor

                

        

      

    

    

    
      	
              6.1

            	
              During
                the effective term of this Agreement, the Pledgor covenants to the
                Pledgee
                that the Pledgor shall: 

            

    

    

    
      	 	
              6.1.1

            	
              Except
                for the transfer of the Equity Interest by the Pledgor, Recon Technology,
                Co., Limited and [DALIAN
                WINLAND INTERNATIONAL SHIPPING AGENCY CO., LTD.]
                as
                subject to the Exclusive Equity Interest Purchase Agreement entered
                into
                by and among the Pledgor and Recon Technology, Co., Limited to transfer
                the Equity Interest to the Pledgor or the specified person consigned
                by
                the Pledgor (“Specified
                Person”),
                not transfer or assign the Equity Interest, create or permit to be
                created
                any pledges which may have an adverse affect on the rights or benefits
                of
                the Pledgee without prior written consent from the Pledgee.
                

            

    

    

    
      	 	
              6.1.2

            	
              Comply
                with and implement laws and regulation with respect to the right
                of
                pledge, present to the Pledgee the notices, orders or suggestions
                with
                respect to the Pledge issued or made by the competent authority after
                receiving such notices, orders or suggestions and comply with such
                notices, orders or suggestions, or object to the foregoing matters
                at the
                reasonable request of the Pledgee or with the written consent from
                the
                Pledgee.

            

    

    

    
      	 	
              6.1.3

            	
              Timely
                notify the Pledgee of any events or any received notices which may
                affect
                the Pledgor’s Equity Interest or any part of its right, and any events or
                any received notices which may change any of the Pledgor’s convenants and
                obligations under this Agreement or which may affect the Pledgor’s
                performance of its obligation under this
                Agreement.

            

    

    

    
      	
              6.2

            	
              The
                Pledgor agrees that the Pledgee’s right to exercise the Pledge obtained
                from this Agreement shall not be suspended or hampered through legal
                procedure by the Pledgor or any successors of the Pledgor or any
                person
                authorized by the Pledgor or any person authorized by the
                Pledgor..

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              6.3

            	
              The
                Pledgor warrants to the Pledgee that in order to protect or perfect
                the
                security over the payment of the technical consulting and service
                fees
                under the Service Agreement, the Pledgor shall execute in good faith
                and
                cause other parties who have interest in the Pledge to execute all
                the
                title certificates, contracts, and/or perform and cause other parties
                who
                have interests to take action as required by the Pledgee and provide
                access to exercise the rights and authorization vested in the Pledgee
                under this Agreement, and execute all the documents with respect
                to the
                changes or certificate of the Equity Interest with the Pledgee or
                the
                person (natural person or legal entity) designated by the Pledgee,
                and
                provide all the notices, orders and decisions regarded as necessary
                by the
                Pledgee to the Pledgee within the reasonable time.
                

            

    

    

    
      	
              6.4

            	
              The
                Pledgor warrants to the Pledgee that the Pledgor will comply with
                and
                perform all the guarantees, covenants, agreements, representations
                and
                conditions for the benefits of the Pledgee. The Pledgor shall compensate
                all the losses suffered by the Pledgee in the event that the Pledgor
                does
                not perform or fully perform his guarantees, covenants, agreements,
                representations and conditions.

            

    

    

    
      
        
          	Article
                  7	
                  Events
                    of Default

                

        

      

    

    

    
      	
              7.1

            	
              The
                events listed below shall be deemed as an event of
                default:

            

    

    

    
      	 	
              7.1.1

            	
              [DALIAN
                WINLAND INTERNATIONAL SHIPPING AGENCY CO., LTD.] fails to make full
                payments of the exclusive technical consulting and service fees as
                scheduled under the Service Agreement.

            

    

    

    
      	 	
              7.1.2

            	
              The
                Pledgor makes any material misleading or fraudulent representations
                or
                warranties under Article 5 herein, and/or the Pledgor is in violation
                of
                any warranties under Article 5
                herein.

            

    

    

    
      	 	
              7.1.3

            	
              The
                Pledgor violates the covenants under Article 6
                herein.

            

    

     

    
      	 	
              7.1.4

            	
              The
                Pledgor violates any terms or conditions herein.
                

            

    

    

    
      	 	
              7.1.5

            	
              The
                Pledgor waives the pledged Equity Interest or transfers or assigns
                the
                pledged Equity Interest without prior written consent of the Pledgee,
                except as provided in Article 6.1.1 in this Agreement.
                

            

    

    

    
      	 	
              7.1.6

            	
              Any
                external loan, security, compensation, covenants or other compensation
                liabilities of the Pledgor’s (1) are required to be repaid or performed
                prior to the scheduled date; or (2) are due but cannot be repaid
                or
                performed as scheduled and thereby cause the Pledgee to deem that
                the
                Pledgor’s capacity to perform the obligations herein is
                effected.

            

    

    

    
      	 	
              7.1.7

            	
              The
                Pledgor is incapable of repaying its general debt or other
                debt.

            

    

    

    
      	 	
              7.1.8

            	
              This
                Agreement becomes illegal for the reason of the promulgation of the
                related laws or the Pledgor’s incapability of continuing to perform the
                obligations herein.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	 	
              7.1.9

            	
              Any
                approval, permits or authorization from the competent authority of
                the
                government needed to perform this Agreement or validate this Agreement
                are
                withdrawn, suspended, invalidated or materially revised.
                

            

    

    

    
      	 	
              7.1.10

            	
              The
                property of the Pledgor adversely changed and causes the Pledgee
                to deem
                that the capability of the Pledgor to perform the obligations herein
                under
                this Agreement is effected.

            

    

    

    
      	 	
              7.1.11

            	
              The
                successors or assignees of [DALIAN WINLAND INTERNATIONAL SHIPPING
                AGENCY
                CO., LTD.] are only entitled to perform a portion of or refuse to
                perform
                the payment liability under Service
                Agreement.

            

    

    

    
      	 	
              7.1.12

            	
              Other
                circumstances whereby the Pledgee is incapable of exercising the
                right to
                foreclose on the Pledge in accordance with the related
                laws.

            

    

     

    
      	
              7.2

            	
              Party
                B should immediately notice Party A in writing if the Pledgor is
                aware of
                or finds that any event under Article 7.1 herein or any events that
                may
                result in the foregoing events have occurred or are occurring.
                

            

    

    

    
      	
              7.3

            	
              Unless
                the Event of Default under Article 7.1 herein has been remedied to
                the
                Pledgee’s satisfaction, the Pledgee, at any time when the Event of Default
                occurs or thereafter, may give a written notice of default to the
                Pledgor
                and require the Pledgor to immediately make full payments of the
                outstanding service fees under the Service Agreement and other payables
                or
                foreclose on the Pledge in accordance with Article 8 herein.
                

            

    

    

    
      
        
          	Article
                  8	
                  Exercise
                    of the Right of the
                    Pledge

                

        

      

    

    

    
      	
              8.1

            	
              The
                Pledgor shall not transfer or assign the Equity Interest without
                prior
                written approval from the Pledgee prior to the full repayment of
                the
                consulting and service fees under the Service
                Agreement.

            

    

    

    
      	
              8.2

            	
              The
                Pledgee shall give the Notice of Default to the Pledgor when the
                Pledgee
                exercises the right of pledge.

            

    

     

    
      	
              8.3

            	
              Subject
                to Article 7.3, the Pledgee may exercise the right to foreclose on
                the
                Pledge at any time when the Pledgee gives the Notice of Default pursuant
                to Article 7.3

            

    

    

    
      	
              8.4

            	
              The
                Pledgee is entitled to have priority in receiving payment or proceeds
                from
                the auction or sale of whole or part of the Equity Interest pledged
                herein
                in accordance with applicable law until the outstanding technical
                consulting and service fees and all other payables under the Service
                Agreement are repaid. 

            

    

    

    
      	
              8.5

            	
              The
                Pledgor shall not hinder the Pledgee from foreclosing on the Pledge
                in
                accordance with this Agreement and shall give necessary assistance
                so that
                the Pledgee may effectively realize the value of the Pledge.
                

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      
        
          	Article
                  9	
                  Transfer
                    or Assignment

                

        

      

    

    

    
      	
              9.1

            	
              The
                Pledgor shall not donate or transfer his rights or obligations herein
                without the prior written consent from the Pledgee.
                

            

    

    

    
      	
              9.2

            	
              This
                Agreement shall be binding upon and inure to the benefit of the successors
                of the Pledgor and be effective to the Pledgee and his each successor
                and
                assignee. 

            

    

    

    
      	
              9.3

            	
              The
                Pledgee may transfer or assign his all or any rights and obligations
                under
                the Service Agreement to any person (natural person or legal entity)
                at
                any time. In this case, the assignee shall enjoy and undertake the
                same
                rights and obligations herein of the Pledgee as if the assignee is
                a party
                hereto. When the Pledgee transfers or assigns the rights and obligations
                under the Service Agreement, at the request of the Pledgee, the Pledgor
                shall execute the relevant agreements and/or documents with respect
                to
                such transfer or assignment.

            

    

    

    
      	
              9.4

            	
              Due
                to the Pledgee’s change resulting from the transfer or assignment, the new
                parties to the pledge shall re-execute a pledge
                contract.

            

    

    

    
      
        
          	Article
                  10	
                  Termination

                

        

      

    

    

    
      	
              10.1

            	
              This
                Agreement shall not be terminated until the consulting and service
                fees
                under the Service Agreement are paid in full and [DALIAN WINLAND
                INTERNATIONAL SHIPPING AGENCY CO., LTD.] shall no longer undertake
                any
                obligations under the Service Agreement.

            

    

    

    
      
        
          	Article
                  11	
                  Formalities
                    Fees and Other
                    Expenses

                

        

      

    

    

    
      	
              11.1

            	
              The
                Pledgor shall be responsible for all the fees and actual expenditures
                in
                relation to this Agreement, including but not limited to legal fees,
                cost
                of production, stamp tax and any other taxes and charges. If the
                Pledgee
                pays the relevant taxes in accordance with the laws, the Pledgor
                shall
                fully indemnity such taxes paid by the
                Pledge.

            

    

    

    
      	
              11.2

            	
              The
                Pledgor shall be responsible for all the fees (including but not
                limited
                to any taxes, formalities fees, management fees, litigation fees,
                attorney’s fees, and various insurance premiums in connection with
                disposition of the Pledge) incurred by the Pledgor for the reason
                that the
                Pledgor fails to pay any payable taxes, fees or charges in accordance
                with
                this Agreement, or the Pledgee has recourse to any forgoing taxes,
                charges
                or fees by any means for other reasons.

            

    

    

    
      
        
          	Article
                  12	
                  Force
                    Majeure

                

        

      

    

    

    
      	12.1	
              If
                the fulfillment of this Agreement is delayed or blocked due to the
                Force
                Majeure Event, the party affected by such a Force Majeure Event shall
                free
                from any obligation to the extent of delay or holdback. Force Majeure
                Event (“Event”) means any event which is out of control of each party, and
                which is unavoidable or insurmountable even the party affected by
                such
                event has paid reasonable attention to it. The Event shall include,
                but
                not limited to, government actions, nature disaster, fire, explosion,
                typhoons, floods, earthquakes, tide, lightning or war. However, any
                lack
                of credit, assets or financing shall not be deemed as Event. The
                party
                claiming the occurrence of Event shall provide the other party with
                the
                steps of fulfilling the obligations of this Agreement. 

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	12.2	
              The
                Party affected by such an Event shall free from any obligation under
                this
                Agreement based on the conditions that the Party affected by such
                an Event
                have made reasonable endeavors to perform the Agreement and request
                the
                exemption from the other party. The both Parties agree to do their
                best to
                recover performance of this Agreement if the reason for exemption
                has been
                corrected or remedied.

            

    

    

    
      
        
          	Article
                  13	
                  Dispute
                    Settlement

                

        

      

    

    

    
      	
              13.1

            	
              This
                Agreement shall be governed by and construed in all respects in accordance
                with the PRC laws.

            

    

    

    
      	
              13.2

            	
              The
                Parties shall strive to settle any dispute arising from the interpretation
                or performance, or in connection with this Agreement through friendly
                consultation. In case no settlement can be reached through consultation,
                each Party can submit such matter to China International Economic
                and
                Trade Arbitration Committee for arbitration according to the current
                effective arbitration rules of its. The arbitration shall be held
                in
                Beijing. The arbitration proceedings shall be conducted in Chinese.
                The
                arbitration award shall be final and binding upon the Parties. The
                arbitration award may be submitted to the applicable People’s Court for
                enforcement. 

            

    

    

    
      
        
          	Article
                  14	
                  Notices

                

        

      

    

    

    
      	
              14.1

            	
              Any
                notice to which is given by the both Parties hereto for the purpose
                of
                performing the rights and obligations hereunder shall be in writing.
                Where
                such notice is delivered personally, the time of notice is the time
                when
                such notice actually reaches the addressee; where such notice is
                transmitted by telex or facsimile, the notice time is the time when
                such
                notice is transmitted. If such notice does not reach the addressee
                on
                business date or reaches the addressee after the business time, the
                next
                business day following such day is the date of notice. The delivery
                place
                is the address first written above of the Parties hereto or the address
                advised in writing including facsimile and telex from time to time.
                

            

    

     

    
      
        
          	Article
                  15	
                  Appendix

                

        

      

    

    

    
      	
              15.1

            	
              The
                Appendix of this Agreement as attached hereto is the part of this
                Agreement.

            

    

    

    
      
        
          	Article
                  16	
                  Effectiveness

                

        

      

    

    

    
      	
              16.1

            	
              This
                Agreement and any amendments, supplements and modifications of this
                Agreement shall be in writing, and come into effect upon being executed
                by
                the Parties thereto.

            

    

    

    
      	
              16.2

            	
              This
                Agreement is executed both in Chinese and English with two copies
                for each
                language. The Chinese version will prevail in the event of any
                inconsistency between the English and any Chinese translations thereof.
                

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    [THIS
      SPACE IS INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    This
      page
      is the signing page of this Equity Interest Pledge Agreement. 

    

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

    

    Party
      A: /s/ Beijing Huate Xingye Keji Co., Ltd.

    Legal
      Representative: Du
      Guangwen

    

    Party
      B: /s/ Dalian
      Winland Group Co., Ltd.

    Signature:
      Li
      Honglin

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    APPENDIX

    

    
      	
              1.

            	
              The
                register of the shareholders of Dalian
                Winland International Shipping Agency Co.,
                Ltd.

            

    

    

    
      	
              2.

            	
              The
                Contribution Certificate of Dalian
                Winland International Shipping Agency Co.,
                Ltd.

            

    

    

    
      	3.	
              The
                Exclusive Technical Consulting and Service
                Agreement.

            

    

     

    
      
        
        

      

      
        10EQUITY
        INTEREST PLEDGE AGREEMENT

      

      THIS
        EQUITY
        INTEREST PLEDGE
        AGREEMENT (“Agreement”)
        is
        entered into by and between the following parties on March 31, 2008

      

      Pledgee:
        Beijing Huate Xingye Keji Co., Ltd. (“Party A”)

      Registered
        address: Room 5107, Shenchang Building, 51 Zhichun Road, Haidian District,
        Beijing

      

      Pledgor:
        Dalian
        Winland Shipping Co., Ltd. (“Party
        B”)

      Address:
        No. 4 Shanghai Road, Zhongshan District, Dalian

       

      WHEREAS:

      

      
        	
                1.

              	
                The
                  Pledgee is a wholly
                  foreign-owned enterprise duly established and valid existing under
                  the PRC
                  laws. The Pledgee and [Dalian
                  Winland International Shipping Agency Co., Ltd.]
                  owned by the Pledgor entered into Exclusive Technical Consulting
                  and
                  Service Agreement on [March 31, 2008] (the “Service
                  Agreement”).

              

      

      

      
        	
                2.

              	
                The
                  Pledgor, a local company incorporated under the laws of the People’s
                  Republic of China (the “PRC”),
                  who holds 41.5% equity interest of [DALIAN WINLAND INTERNATIONAL
                  SHIPPING
                  AGENCY CO., LTD.], which is a
                  limited liability company duly established and valid existing
                  in
                  Beijing under the laws of PRC.

              

      

      

      
        	
                3.

              	
                Pursuant
                  to the Service Agreement, [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.] shall make certain payments to the Pledgee in consideration
                  of
                  the services and consultant provided by the Pledgee thereunder.
                  In order
                  to ensure that the Pledgee collects technical fee from [DALIAN
                  WINLAND
                  INTERNATIONAL SHIPPING AGENCY CO., LTD.], the Pledgor is willing
                  to pledge
                  all its equity interest in [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.] to the Pledgee as a security for the Pledgee to collect
                  the
                  technical consulting and service fees under the Service
                  Agreement.

              

      

      

      NOW
        THEREFORE, through
        mutual negotiations, the Parties hereto agree as follows:

       

      
        
          Article
            1 Definitions

        

      

      

      Unless
        it
        is otherwise stipulated, for the purpose of this Agreement, the following
        terms
        shall have the following meanings:

      

      
        	
                1.1

              	
                Pledge
                  means the full meaning assigned to that term in Article 2 of this
                  Agreement.

              

      

      

      
        	
                1.2

              	
                Equity
                  Interest means the 41.5% equity interest (the “Equity
                  Interest”)
                  in [DALIAN WINLAND INTERNATIONAL SHIPPING AGENCY CO., LTD.] legally
                  held
                  by the Pledgor and all the other equity interest which might be
                  further
                  held by the Pledgor;

              

      

      

      
        	
                1.3

              	
                Rate
                  of Pledge means the ratio between the value of the pledge under
                  this
                  Agreement and the technical consulting fees under the Service Agreement.
                  

              

      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      
        	
                1.4

              	
                Term
                  of Pledge means the period provided for under Article 3.2
                  hereunder.

              

      

      

      
        	
                1.5

              	
                Service
                  Agreement means the Exclusive Technical Consulting and Service
                  Agreement
                  entered into by and between [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.] and the Pledgee. 

              

      

      

      
        	
                1.6

              	
                Event
                  of Default means any event in accordance with Article 7
                  hereunder.

              

      

      

      
        	
                1.7

              	
                Notice
                  of Default means the notice of default issued by the Pledgee in
                  accordance
                  with this Agreement.

              

      

       

      
        
          Article
            2 Pledge

        

      

      

      
        	
                2.1

              	
                Party
                  B agrees to pledge all its Equity Interest in [DALIAN WINLAND
                  INTERNATIONAL SHIPPING AGENCY CO., LTD.] to the Pledgee as a guarantee
                  for
                  the technical consulting service fee payable to the Pledgee under
                  the
                  Service Agreement.

              

      

      

      
        	
                2.2

              	
                Pledge
                  under this Agreement refers to the rights owned by the Pledgee
                  who shall
                  be entitled to have priority in receiving payment or proceeds from
                  the
                  auction or sale of the equity interest pledged by the Pledgor to
                  the
                  Pledgee. 

              

      

      

      
        
          Article
            3 Rate
            of Pledge and Term of Pledge

        

      

      

      
        
          
            	3.1	
                    The
                      Rate of Pledge: 100%

                  

          

        

      

      

      The
        Rate
        of Pledge shall be 100% under this Agreement.

      

      
        
          
            	3.2	
                    The
                      Term of Pledge

                  

          

        

      

      

      
        	
              	3.1.1	
                The
                  Pledge of the Equity Interest under this Agreement shall take effect
                  as of
                  the date that the Pledge of the Equity Interest is recorded in
                  the
                  register of shareholders of [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.].

              

      

      

      
        	
              	3.1.2	
                During
                  the Term of Pledge, the Pledgee shall be entitled to foreclose
                  on the
                  Pledge in accordance with this Agreement in the event that [DALIAN
                  WINLAND
                  INTERNATIONAL SHIPPING AGENCY CO., LTD.] fails to pay exclusive
                  technical
                  consulting and service fees in accordance with Service
                  Agreement.

              

      

      

      
        
          Article
            4 Physical
            Possession of Documents

        

      

      

      
        
          
            	4.1	
                    During
                      the Term of Pledge, the Pledgee shall be entitled to possess
                      the
                      contribution certificate of the Equity Interest (the “Contribution
                      Certificate”)
                      and the register of shareholders of [DALIAN WINLAND INTERNATIONAL
                      SHIPPING
                      AGENCY CO., LTD.]. The Pledgor shall delivery the Contribution
                      Certificate
                      and the register of shareholders hereunder to the Pledgee within
                      one week
                      after the signature date of this
                      Agreement.

                  

          

        

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        
          
            	4.2	
                    The
                      Pledgee shall be entitled to collect the dividends from the
                      Equity
                      Interest.

                  

          

        

      

      

      
        
          Article
            5 Representations
            and Warranties of Party B

        

      

      

      
        
          
            	5.1	
                    Party
                      B is the legal owner of the Equity
                      Interest.

                  

          

        

      

      

      
        
          
            	5.2	
                    Except
                      as otherwise provided hereunder, the Pledgee shall not be interfered
                      with
                      by any parties at any time when the Pledgee exercising its
                      rights in
                      accordance with this Agreement.

                  

          

        

      

      

      
        
          
            	5.3	
                    Except
                      as otherwise provided hereunder, the Pledgee shall be entitled
                      to
                      exercise, dispose of or assign the Pledge in accordance with
                      this
                      Agreement. 

                  

          

        

      

      

      
        
          
            	5.4	
                    The
                      Pledgor shall not pledge or encumber the Equity Interest to
                      any other
                      person except for the
                      Pledgee.

                  

          

        

      

      

      
        
          Article
            6 Covenant
            of the Pledgor

        

      

      

      
        
          
            	6.1	
                    During
                      the effective term of this Agreement, the Pledgor covenants
                      to the Pledgee
                      that the Pledgor shall:

                  

          

        

      

      

      
        
          
            	
                  	6.1.1	
                    Except
                      for the transfer of the Equity Interest by the Pledgor, Recon
                      Technology,
                      Co., Limited and [DALIAN
                      WINLAND INTERNATIONAL SHIPPING AGENCY CO., LTD.]
                      as
                      subject to the Exclusive Equity Interest Purchase Agreement
                      entered into
                      by and among the Pledgor and Recon Technology, Co., Limited
                      to transfer
                      the Equity Interest to the Pledgor or the specified person
                      consigned by
                      the Pledgor (“Specified
                      Person”),
                      not transfer or assign the Equity Interest, create or permit
                      to be created
                      any pledges which may have an adverse affect on the rights
                      or benefits of
                      the Pledgee without prior written consent from the Pledgee.
                      

                  

          

        

      

      

      
        
          
            	
                  	6.1.2	
                    Comply
                      with and implement laws and regulation with respect to the
                      right of
                      pledge, present to the Pledgee the notices, orders or suggestions
                      with
                      respect to the Pledge issued or made by the competent authority
                      after
                      receiving such notices, orders or suggestions and comply with
                      such
                      notices, orders or suggestions, or object to the foregoing
                      matters at the
                      reasonable request of the Pledgee or with the written consent
                      from the
                      Pledgee.

                  

          

        

      

      

      
        
          
            	
                  	6.1.3	
                    Timely
                      notify the Pledgee of any events or any received notices which
                      may affect
                      the Pledgor’s Equity Interest or any part of its right, and any events
                      or
                      any received notices which may change any of the Pledgor’s convenants and
                      obligations under this Agreement or which may affect the Pledgor’s
                      performance of its obligation under this
                      Agreement.

                  

          

        

      

      

      
        
          
            	6.2	
                    The
                      Pledgor agrees that the Pledgee’s right to exercise the Pledge obtained
                      from this Agreement shall not be suspended or hampered through
                      legal
                      procedure by the Pledgor or any successors of the Pledgor or
                      any person
                      authorized by the Pledgor or any person authorized by the
                      Pledgor..

                  

          

        

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      
        
          
            	6.3	
                    The
                      Pledgor warrants to the Pledgee that in order to protect or
                      perfect the
                      security over the payment of the technical consulting and service
                      fees
                      under the Service Agreement, the Pledgor shall execute in good
                      faith and
                      cause other parties who have interest in the Pledge to execute
                      all the
                      title certificates, contracts, and/or perform and cause other
                      parties who
                      have interests to take action as required by the Pledgee and
                      provide
                      access to exercise the rights and authorization vested in the
                      Pledgee
                      under this Agreement, and execute all the documents with respect
                      to the
                      changes or certificate of the Equity Interest with the Pledgee
                      or the
                      person (natural person or legal entity) designated by the Pledgee,
                      and
                      provide all the notices, orders and decisions regarded as necessary
                      by the
                      Pledgee to the Pledgee within the reasonable time.
                      

                  

          

        

      

      

      
        
          
            	6.4	
                    The
                      Pledgor warrants to the Pledgee that the Pledgor will comply
                      with and
                      perform all the guarantees, covenants, agreements, representations
                      and
                      conditions for the benefits of the Pledgee. The Pledgor shall
                      compensate
                      all the losses suffered by the Pledgee in the event that the
                      Pledgor does
                      not perform or fully perform his guarantees, covenants, agreements,
                      representations and
                      conditions.

                  

          

        

      

      

      
        
          Article
            7 Events
            of Default

        

      

      

      
        
          
            	7.1	
                    The
                      events listed below shall be deemed as an event of
                      default:

                  

          

        

      

      

      
        	 	
                7.1.1

              	
                [DALIAN
                  WINLAND INTERNATIONAL SHIPPING AGENCY CO., LTD.] fails to make
                  full
                  payments of the exclusive technical consulting and service fees
                  as
                  scheduled under the Service Agreement.

              

      

      

      
        	 	
                7.1.2

              	
                The
                  Pledgor makes any material misleading or fraudulent representations
                  or
                  warranties under Article 5 herein, and/or the Pledgor is in violation
                  of
                  any warranties under Article 5
                  herein.

              

      

      

      
        	 	
                7.1.3

              	
                The
                  Pledgor violates the covenants under Article 6
                  herein.

              

      

       

      
        	 	
                7.1.4

              	
                The
                  Pledgor violates any terms or conditions herein.
                  

              

      

      

      
        	 	
                7.1.5

              	
                The
                  Pledgor waives the pledged Equity Interest or transfers or assigns
                  the
                  pledged Equity Interest without prior written consent of the Pledgee,
                  except as provided in Article 6.1.1 in this Agreement.
                  

              

      

      

      
        	 	
                7.1.6

              	
                Any
                  external loan, security, compensation, covenants or other compensation
                  liabilities of the Pledgor’s (1) are required to be repaid or performed
                  prior to the scheduled date; or (2) are due but cannot be repaid
                  or
                  performed as scheduled and thereby cause the Pledgee to deem that
                  the
                  Pledgor’s capacity to perform the obligations herein is
                  effected.

              

      

      

      
        	 	
                7.1.7

              	
                The
                  Pledgor is incapable of repaying its general debt or other
                  debt.

              

      

      

      
        	 	
                7.1.8

              	
                This
                  Agreement becomes illegal for the reason of the promulgation of
                  the
                  related laws or the Pledgor’s incapability of continuing to perform the
                  obligations herein.

              

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      
        	 	
                7.1.9

              	
                Any
                  approval, permits or authorization from the competent authority
                  of the
                  government needed to perform this Agreement or validate this Agreement
                  are
                  withdrawn, suspended, invalidated or materially revised.
                  

              

      

      

      
        	 	
                7.1.10

              	
                The
                  property of the Pledgor adversely changed and causes the Pledgee
                  to deem
                  that the capability of the Pledgor to perform the obligations herein
                  under
                  this Agreement is effected.

              

      

      

      
        	 	
                7.1.11

              	
                The
                  successors or assignees of [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.] are only entitled to perform a portion of or refuse
                  to perform
                  the payment liability under Service
                  Agreement.

              

      

      

      
        	 	
                7.1.12

              	
                Other
                  circumstances whereby the Pledgee is incapable of exercising the
                  right to
                  foreclose on the Pledge in accordance with the related
                  laws.

              

      

       

      
        
          
            	7.2	
                    Party
                      B should immediately notice Party A in writing if the Pledgor
                      is aware of
                      or finds that any event under Article 7.1 herein or any events
                      that may
                      result in the foregoing events have occurred or are occurring.
                      

                  

          

        

      

      

      
        
          
            	7.3	
                    Unless
                      the Event of Default under Article 7.1 herein has been remedied
                      to the
                      Pledgee’s satisfaction, the Pledgee, at any time when the Event of
                      Default
                      occurs or thereafter, may give a written notice of default
                      to the Pledgor
                      and require the Pledgor to immediately make full payments of
                      the
                      outstanding service fees under the Service Agreement and other
                      payables or
                      foreclose on the Pledge in accordance with Article 8 herein.
                      

                  

          

        

      

      

      
        
          Article
            8 Exercise
            of the Right of the Pledge

        

      

      

      
        	
                8.1

              	
                The
                  Pledgor shall not transfer or assign the Equity Interest without
                  prior
                  written approval from the Pledgee prior to the full repayment of
                  the
                  consulting and service fees under the Service
                  Agreement.

              

      

      

      
        	
                8.2

              	
                The
                  Pledgee shall give the Notice of Default to the Pledgor when the
                  Pledgee
                  exercises the right of pledge.

              

      

       

      
        	
                8.3

              	
                Subject
                  to Article 7.3, the Pledgee may exercise the right to foreclose
                  on the
                  Pledge at any time when the Pledgee gives the Notice of Default
                  pursuant
                  to Article 7.3

              

      

      

      
        	
                8.4

              	
                The
                  Pledgee is entitled to have priority in receiving payment or proceeds
                  from
                  the auction or sale of whole or part of the Equity Interest pledged
                  herein
                  in accordance with applicable law until the outstanding technical
                  consulting and service fees and all other payables under the Service
                  Agreement are repaid. 

              

      

      

      
        	
                8.5

              	
                The
                  Pledgor shall not hinder the Pledgee from foreclosing on the Pledge
                  in
                  accordance with this Agreement and shall give necessary assistance
                  so that
                  the Pledgee may effectively realize the value of the Pledge.
                  

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      
        
          Article
            9 Transfer
            or Assignment

        

      

      

      
        	
                9.1

              	
                The
                  Pledgor shall not donate or transfer his rights or obligations
                  herein
                  without the prior written consent from the Pledgee.
                  

              

      

      

      
        	
                9.2

              	
                This
                  Agreement shall be binding upon and inure to the benefit of the
                  successors
                  of the Pledgor and be effective to the Pledgee and his each successor
                  and
                  assignee. 

              

      

      

      
        	
                9.3

              	
                The
                  Pledgee may transfer or assign his all or any rights and obligations
                  under
                  the Service Agreement to any person (natural person or legal entity)
                  at
                  any time. In this case, the assignee shall enjoy and undertake
                  the same
                  rights and obligations herein of the Pledgee as if the assignee
                  is a party
                  hereto. When the Pledgee transfers or assigns the rights and obligations
                  under the Service Agreement, at the request of the Pledgee, the
                  Pledgor
                  shall execute the relevant agreements and/or documents with respect
                  to
                  such transfer or assignment.

              

      

      

      
        	
                9.4

              	
                Due
                  to the Pledgee’s change resulting from the transfer or assignment, the new
                  parties to the pledge shall re-execute a pledge
                  contract.

              

      

      

      
        
          Article
            10 Termination

        

      

      

      
        
          
            	10.1	
                    This
                      Agreement shall not be terminated until the consulting and
                      service fees
                      under the Service Agreement are paid in full and [DALIAN WINLAND
                      INTERNATIONAL SHIPPING AGENCY CO., LTD.] shall no longer undertake
                      any
                      obligations under the Service Agreement.

                  

          

        

      

      

      
        
          Article
            11 Formalities
            Fees and Other Expenses

        

      

      

      
        
          
            	11.1	
                    The
                      Pledgor shall be responsible for all the fees and actual expenditures
                      in
                      relation to this Agreement, including but not limited to legal
                      fees, cost
                      of production, stamp tax and any other taxes and charges. If
                      the Pledgee
                      pays the relevant taxes in accordance with the laws, the Pledgor
                      shall
                      fully indemnity such taxes paid by the
                      Pledge.

                  

          

        

      

      

      
        
          
            	11.2	
                    The
                      Pledgor shall be responsible for all the fees (including but
                      not limited
                      to any taxes, formalities fees, management fees, litigation
                      fees,
                      attorney’s fees, and various insurance premiums in connection with
                      disposition of the Pledge) incurred by the Pledgor for the
                      reason that the
                      Pledgor fails to pay any payable taxes, fees or charges in
                      accordance with
                      this Agreement, or the Pledgee has recourse to any forgoing
                      taxes, charges
                      or fees by any means for other reasons.

                  

          

        

      

      

      
        
          Article
            12 Force
            Majeure

        

      

      

      
        	12.1	
                If
                  the fulfillment of this Agreement is delayed or blocked due to
                  the Force
                  Majeure Event, the party affected by such a Force Majeure Event
                  shall free
                  from any obligation to the extent of delay or holdback. Force Majeure
                  Event (“Event”) means any event which is out of control of each party, and
                  which is unavoidable or insurmountable even the party affected
                  by such
                  event has paid reasonable attention to it. The Event shall include,
                  but
                  not limited to, government actions, nature disaster, fire, explosion,
                  typhoons, floods, earthquakes, tide, lightning or war. However,
                  any lack
                  of credit, assets or financing shall not be deemed as Event. The
                  party
                  claiming the occurrence of Event shall provide the other party
                  with the
                  steps of fulfilling the obligations of this Agreement. 

              

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      
        	12.2	
                The
                  Party affected by such an Event shall free from any obligation
                  under this
                  Agreement based on the conditions that the Party affected by such
                  an Event
                  have made reasonable endeavors to perform the Agreement and request
                  the
                  exemption from the other party. The both Parties agree to do their
                  best to
                  recover performance of this Agreement if the reason for exemption
                  has been
                  corrected or remedied.

              

      

      

      
        
          Article
            13 Dispute
            Settlement

        

      

      

      
        
          
            	13.1	
                    This
                      Agreement shall be governed by and construed in all respects
                      in accordance
                      with the PRC laws.

                  

          

        

      

      

      
        
          
            	13.2	
                    The
                      Parties shall strive to settle any dispute arising from the
                      interpretation
                      or performance, or in connection with this Agreement through
                      friendly
                      consultation. In case no settlement can be reached through
                      consultation,
                      each Party can submit such matter to China International Economic
                      and
                      Trade Arbitration Committee for arbitration according to the
                      current
                      effective arbitration rules of its. The arbitration shall be
                      held in
                      Beijing. The arbitration proceedings shall be conducted in
                      Chinese. The
                      arbitration award shall be final and binding upon the Parties.
                      The
                      arbitration award may be submitted to the applicable People’s Court for
                      enforcement. 

                  

          

        

      

      

      
        
          Article
            14 Notices

        

      

      

      
        
          
            	14.1	
                    Any
                      notice to which is given by the both Parties hereto for the
                      purpose of
                      performing the rights and obligations hereunder shall be in
                      writing. Where
                      such notice is delivered personally, the time of notice is
                      the time when
                      such notice actually reaches the addressee; where such notice
                      is
                      transmitted by telex or facsimile, the notice time is the time
                      when such
                      notice is transmitted. If such notice does not reach the addressee
                      on
                      business date or reaches the addressee after the business time,
                      the next
                      business day following such day is the date of notice. The
                      delivery place
                      is the address first written above of the Parties hereto or
                      the address
                      advised in writing including facsimile and telex from time
                      to time.
                      

                  

          

        

      

       

      
        
          Article
            15 Appendix

        

      

      

      
        
          
            	15.1	
                    The
                      Appendix of this Agreement as attached hereto is the part of
                      this
                      Agreement.

                  

          

        

      

      

      
        
          Article
            16 Effectiveness

        

      

      

      
        
          
            	16.1	
                    This
                      Agreement and any amendments, supplements and modifications
                      of this
                      Agreement shall be in writing, and come into effect upon being
                      executed by
                      the Parties thereto.

                  

          

        

      

      

      
        
          
            	16.2	
                    This
                      Agreement is executed both in Chinese and English with two
                      copies for each
                      language. The Chinese version will prevail in the event of
                      any
                      inconsistency between the English and any Chinese translations
                      thereof.
                      

                  

          

        

      

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      [THIS
        SPACE IS INTENTIONALLY LEFT BLANK]

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      This
        page
        is the signing page of this Equity Interest Pledge Agreement. 

      

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

       

      Party
        A: /s/ Beijing Huate Xingye Keji Co., Ltd.

      Legal
        Representative: Du
        Guangwen

       

      Party
        B: /s/ Dalian
        Winland Shipping Co., Ltd.

      Signature:
        Li
        Honglin

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      APPENDIX

      

      
        	
                1.

              	
                The
                  register of the shareholders of Dalian
                  Winland International Shipping Agency Co.,
                  Ltd.

              

      

      

      
        	
                2.

              	
                The
                  Contribution Certificate of Dalian
                  Winland International Shipping Agency Co.,
                  Ltd.

              

      

      

      
        	3.	
                The
                  Exclusive Technical Consulting and Service
                  Agreement.

              

      

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      EQUITY
        INTEREST PLEDGE AGREEMENT

      

      THIS
        EQUITY
        INTEREST PLEDGE
        AGREEMENT (“Agreement”)
        is
        entered into by and between the following parties on March 31, 2008 

      

      Pledgee:
        Beijing Huate Xingye Keji Co., Ltd. (“Party A”)

      Registered
        address: [Room 5107, Shenchang Building, 51 Zhichun Road, Haidian District,
        Beijing]

      

      Pledgor: Dalian
        Winland Group Co., Ltd.
        (“Party B”)

      Address:[No.
        C2 Floor 23, No.4 Shanghai Road, Zhongshan District, Dalian]

      

      (each
        a
“Party”
and
        collectively the “Parties”)

      

      WHEREAS:

      

      
        	
                4.

              	
                The
                  Pledgee is a wholly
                  foreign-owned enterprise duly established and valid existing under
                  the PRC
                  laws. The Pledgee and [Dalian
                  Winland International Shipping Agency Co., Ltd.]
                  owned by the Pledgor entered into Exclusive Technical Consulting
                  and
                  Service Agreement on [March 31, 2008] (the “Service
                  Agreement”).

              

      

      

      
        	
                5.

              	
                The
                  Pledgor, a local citizen of the People’s Republic of China (the
                  “PRC”),
                  who holds 51% equity interest of [DALIAN WINLAND INTERNATIONAL
                  SHIPPING
                  AGENCY CO., LTD.], which is a
                  limited liability company duly established and valid existing
                  in
                  Beijing under the laws of PRC.

              

      

      

      
        	
                6.

              	
                Pursuant
                  to the Service Agreement, [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.] shall make certain payments to the Pledgee in consideration
                  of
                  the services and consultant provided by the Pledgee thereunder.
                  In order
                  to ensure that the Pledgee collects technical fee from [DALIAN
                  WINLAND
                  INTERNATIONAL SHIPPING AGENCY CO., LTD.], the Pledgor is willing
                  to pledge
                  all its equity interest in [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.] to the Pledgee as a security for the Pledgee to collect
                  the
                  technical consulting and service fees under the Service
                  Agreement.

              

      

      

      NOW
        THEREFORE, through
        mutual negotiations, the Parties hereto agree as follows:

       

      
        	
                Article
                  17

              	
                Definitions

              

      

      

      Unless
        it
        is otherwise stipulated, for the purpose of this Agreement, the following
        terms
        shall have the following meanings:

      

      
        	
                1.8

              	
                Pledge
                  means the full meaning assigned to that term in Article 2 of this
                  Agreement.

              

      

      

      
        	
                1.9

              	
                Equity
                  Interest means the 51% equity interest (the “Equity
                  Interest”)
                  in [DALIAN WINLAND INTERNATIONAL SHIPPING AGENCY CO., LTD.] legally
                  held
                  by the Pledgor and all the other equity interest which might be
                  further
                  held by the Pledgor;

              

      

      

      
        	
                1.10

              	
                Rate
                  of Pledge means the ratio between the value of the pledge under
                  this
                  Agreement and the technical consulting fees under the Service Agreement.
                  

              

      

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

      
        	
                1.11

              	
                Term
                  of Pledge means the period provided for under Article 3.2
                  hereunder.

              

      

      

      
        	
                1.12

              	
                Service
                  Agreement means the Exclusive Technical Consulting and Service
                  Agreement
                  entered into by and between [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.] and the Pledgee. 

              

      

      

      
        	
                1.13

              	
                Event
                  of Default means any event in accordance with Article 7
                  hereunder.

              

      

      

      
        	
                1.14

              	
                Notice
                  of Default means the notice of default issued by the Pledgee in
                  accordance
                  with this Agreement.

              

      

       

      
        
          Article
            18 Pledge

        

      

      

      
        	
                2.3

              	
                Party
                  B agrees to pledge all its Equity Interest in [DALIAN WINLAND
                  INTERNATIONAL SHIPPING AGENCY CO., LTD.] to the Pledgee as a guarantee
                  for
                  the technical consulting service fee payable to the Pledgee under
                  the
                  Service Agreement.

              

      

      

      
        	
                2.4

              	
                Pledge
                  under this Agreement refers to the rights owned by the Pledgee
                  who shall
                  be entitled to have priority in receiving payment or proceeds from
                  the
                  auction or sale of the equity interest pledged by the Pledgor to
                  the
                  Pledgee. 

              

      

      

      
        
          Article
            19 Rate
            of Pledge and Term of Pledge

        

      

      

      
        
          
            	3.3	
                    The
                      Rate of Pledge: 100%

                  

          

        

      

      

      The
        Rate
        of Pledge shall be 100% under this Agreement.

      

      
        
          
            	3.4	
                    The
                      Term of Pledge

                  

          

        

      

      

      
        	
              	3.1.1	
                The
                  Pledge of the Equity Interest under this Agreement shall take effect
                  as of
                  the date that the Pledge of the Equity Interest is recorded in
                  the
                  register of shareholders of [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.].

              

      

      

      
        	
              	3.1.2	
                During
                  the Term of Pledge, the Pledgee shall be entitled to foreclose
                  on the
                  Pledge in accordance with this Agreement in the event that [DALIAN
                  WINLAND
                  INTERNATIONAL SHIPPING AGENCY CO., LTD.] fails to pay exclusive
                  technical
                  consulting and service fees in accordance with Service
                  Agreement.

              

      

      

      
        
          Article
            20 Physical
            Possession of Documents

        

      

      

      
        
          
            	4.3	
                    During
                      the Term of Pledge, the Pledgee shall be entitled to possess
                      the
                      contribution certificate of the Equity Interest (the “Contribution
                      Certificate”)
                      and the register of shareholders of [DALIAN WINLAND INTERNATIONAL
                      SHIPPING
                      AGENCY CO., LTD.]. The Pledgor shall delivery the Contribution
                      Certificate
                      and the register of shareholders hereunder to the Pledgee within
                      one week
                      after the signature date of this
                      Agreement.

                  

          

        

      

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      
        
          
            	4.4	
                    The
                      Pledgee shall be entitled to collect the dividends from the
                      Equity
                      Interest.

                  

          

        

      

      

      
        
          Article
            21 Representations
            and Warranties of Party B

        

      

      

      
        
          
            	5.5	
                    Party
                      B is the legal owner of the Equity
                      Interest.

                  

          

        

      

      

      
        
          
            	5.6	
                    Except
                      as otherwise provided hereunder, the Pledgee shall not be interfered
                      with
                      by any parties at any time when the Pledgee exercising its
                      rights in
                      accordance with this Agreement.

                  

          

        

      

      

      
        
          
            	5.7	
                    Except
                      as otherwise provided hereunder, the Pledgee shall be entitled
                      to
                      exercise, dispose of or assign the Pledge in accordance with
                      this
                      Agreement. 

                  

          

        

      

      

      
        
          
            	5.8	
                    The
                      Pledgor shall not pledge or encumber the Equity Interest to
                      any other
                      person except for the
                      Pledgee.

                  

          

        

      

      

      
        
          Article
            22 Covenant
            of the Pledgor

        

      

      

      
        
          
            	6.5	
                    During
                      the effective term of this Agreement, the Pledgor covenants
                      to the Pledgee
                      that the Pledgor shall:

                  

          

        

      

      

      
        	 	
                6.1.4

              	
                Except
                  for the transfer of the Equity Interest by the Pledgor, Recon Technology,
                  Co., Limited and [DALIAN
                  WINLAND INTERNATIONAL SHIPPING AGENCY CO., LTD.]
                  as
                  subject to the Exclusive Equity Interest Purchase Agreement entered
                  into
                  by and among the Pledgor and Recon Technology, Co., Limited to
                  transfer
                  the Equity Interest to the Pledgor or the specified person consigned
                  by
                  the Pledgor (“Specified
                  Person”),
                  not transfer or assign the Equity Interest, create or permit to
                  be created
                  any pledges which may have an adverse affect on the rights or benefits
                  of
                  the Pledgee without prior written consent from the Pledgee.
                  

              

      

      

      
        	 	
                6.1.5

              	
                Comply
                  with and implement laws and regulation with respect to the right
                  of
                  pledge, present to the Pledgee the notices, orders or suggestions
                  with
                  respect to the Pledge issued or made by the competent authority
                  after
                  receiving such notices, orders or suggestions and comply with such
                  notices, orders or suggestions, or object to the foregoing matters
                  at the
                  reasonable request of the Pledgee or with the written consent from
                  the
                  Pledgee.

              

      

      

      
        	 	
                6.1.6

              	
                Timely
                  notify the Pledgee of any events or any received notices which
                  may affect
                  the Pledgor’s Equity Interest or any part of its right, and any events or
                  any received notices which may change any of the Pledgor’s convenants and
                  obligations under this Agreement or which may affect the Pledgor’s
                  performance of its obligation under this
                  Agreement.

              

      

      

      
        
          
            	6.6	
                    The
                      Pledgor agrees that the Pledgee’s right to exercise the Pledge obtained
                      from this Agreement shall not be suspended or hampered through
                      legal
                      procedure by the Pledgor or any successors of the Pledgor or
                      any person
                      authorized by the Pledgor or any person authorized by the
                      Pledgor..

                  

          

        

      

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

      
        
          
            	6.7	
                    The
                      Pledgor warrants to the Pledgee that in order to protect or
                      perfect the
                      security over the payment of the technical consulting and service
                      fees
                      under the Service Agreement, the Pledgor shall execute in good
                      faith and
                      cause other parties who have interest in the Pledge to execute
                      all the
                      title certificates, contracts, and/or perform and cause other
                      parties who
                      have interests to take action as required by the Pledgee and
                      provide
                      access to exercise the rights and authorization vested in the
                      Pledgee
                      under this Agreement, and execute all the documents with respect
                      to the
                      changes or certificate of the Equity Interest with the Pledgee
                      or the
                      person (natural person or legal entity) designated by the Pledgee,
                      and
                      provide all the notices, orders and decisions regarded as necessary
                      by the
                      Pledgee to the Pledgee within the reasonable time.
                      

                  

          

        

      

      

      
        
          
            	6.8	
                    The
                      Pledgor warrants to the Pledgee that the Pledgor will comply
                      with and
                      perform all the guarantees, covenants, agreements, representations
                      and
                      conditions for the benefits of the Pledgee. The Pledgor shall
                      compensate
                      all the losses suffered by the Pledgee in the event that the
                      Pledgor does
                      not perform or fully perform his guarantees, covenants, agreements,
                      representations and
                      conditions.

                  

          

        

      

      

      
        
          Article
            23 Events
            of Default

        

      

      

      
        
          
            	7.4	
                    The
                      events listed below shall be deemed as an event of
                      default:

                  

          

        

      

      

      
        	 	
                7.1.13

              	
                [DALIAN
                  WINLAND INTERNATIONAL SHIPPING AGENCY CO., LTD.] fails to make
                  full
                  payments of the exclusive technical consulting and service fees
                  as
                  scheduled under the Service Agreement.

              

      

      

      
        	 	
                7.1.14

              	
                The
                  Pledgor makes any material misleading or fraudulent representations
                  or
                  warranties under Article 5 herein, and/or the Pledgor is in violation
                  of
                  any warranties under Article 5
                  herein.

              

      

      

      
        	 	
                7.1.15

              	
                The
                  Pledgor violates the covenants under Article 6
                  herein.

              

      

       

      
        	 	
                7.1.16

              	
                The
                  Pledgor violates any terms or conditions herein.
                  

              

      

      

      
        	 	
                7.1.17

              	
                The
                  Pledgor waives the pledged Equity Interest or transfers or assigns
                  the
                  pledged Equity Interest without prior written consent of the Pledgee,
                  except as provided in Article 6.1.1 in this Agreement.
                  

              

      

      

      
        	 	
                7.1.18

              	
                Any
                  external loan, security, compensation, covenants or other compensation
                  liabilities of the Pledgor’s (1) are required to be repaid or performed
                  prior to the scheduled date; or (2) are due but cannot be repaid
                  or
                  performed as scheduled and thereby cause the Pledgee to deem that
                  the
                  Pledgor’s capacity to perform the obligations herein is
                  effected.

              

      

      

      
        	 	
                7.1.19

              	
                The
                  Pledgor is incapable of repaying its general debt or other
                  debt.

              

      

      

      
        	 	
                7.1.20

              	
                This
                  Agreement becomes illegal for the reason of the promulgation of
                  the
                  related laws or the Pledgor’s incapability of continuing to perform the
                  obligations herein.

              

      

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

       

      
        	 	
                7.1.21

              	
                Any
                  approval, permits or authorization from the competent authority
                  of the
                  government needed to perform this Agreement or validate this Agreement
                  are
                  withdrawn, suspended, invalidated or materially revised.
                  

              

      

      

      
        	 	
                7.1.22

              	
                The
                  property of the Pledgor adversely changed and causes the Pledgee
                  to deem
                  that the capability of the Pledgor to perform the obligations herein
                  under
                  this Agreement is effected.

              

      

      

      
        	 	
                7.1.23

              	
                The
                  successors or assignees of [DALIAN WINLAND INTERNATIONAL SHIPPING
                  AGENCY
                  CO., LTD.] are only entitled to perform a portion of or refuse
                  to perform
                  the payment liability under Service
                  Agreement.

              

      

      

      
        	 	
                7.1.24

              	
                Other
                  circumstances whereby the Pledgee is incapable of exercising the
                  right to
                  foreclose on the Pledge in accordance with the related
                  laws.

              

      

       

      
        
          
            	7.5	
                    Party
                      B should immediately notice Party A in writing if the Pledgor
                      is aware of
                      or finds that any event under Article 7.1 herein or any events
                      that may
                      result in the foregoing events have occurred or are occurring.
                      

                  

          

        

      

      

      
        
          
            	7.6	
                    Unless
                      the Event of Default under Article 7.1 herein has been remedied
                      to the
                      Pledgee’s satisfaction, the Pledgee, at any time when the Event of
                      Default
                      occurs or thereafter, may give a written notice of default
                      to the Pledgor
                      and require the Pledgor to immediately make full payments of
                      the
                      outstanding service fees under the Service Agreement and other
                      payables or
                      foreclose on the Pledge in accordance with Article 8 herein.
                      

                  

          

        

      

      

      
        
          Article
            24 Exercise
            of the Right of the Pledge

        

      

      

      
        	
                8.6

              	
                The
                  Pledgor shall not transfer or assign the Equity Interest without
                  prior
                  written approval from the Pledgee prior to the full repayment of
                  the
                  consulting and service fees under the Service
                  Agreement.

              

      

      

      
        	
                8.7

              	
                The
                  Pledgee shall give the Notice of Default to the Pledgor when the
                  Pledgee
                  exercises the right of pledge.

              

      

       

      
        	
                8.8

              	
                Subject
                  to Article 7.3, the Pledgee may exercise the right to foreclose
                  on the
                  Pledge at any time when the Pledgee gives the Notice of Default
                  pursuant
                  to Article 7.3

              

      

      

      
        	
                8.9

              	
                The
                  Pledgee is entitled to have priority in receiving payment or proceeds
                  from
                  the auction or sale of whole or part of the Equity Interest pledged
                  herein
                  in accordance with applicable law until the outstanding technical
                  consulting and service fees and all other payables under the Service
                  Agreement are repaid. 

              

      

      

      
        	
                8.10

              	
                The
                  Pledgor shall not hinder the Pledgee from foreclosing on the Pledge
                  in
                  accordance with this Agreement and shall give necessary assistance
                  so that
                  the Pledgee may effectively realize the value of the Pledge.
                  

              

      

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

       

      Article
        25 Transfer
        or Assignment

      

      
        	
                9.5

              	
                The
                  Pledgor shall not donate or transfer his rights or obligations
                  herein
                  without the prior written consent from the Pledgee.
                  

              

      

      

      
        	
                9.6

              	
                This
                  Agreement shall be binding upon and inure to the benefit of the
                  successors
                  of the Pledgor and be effective to the Pledgee and his each successor
                  and
                  assignee. 

              

      

      

      
        	
                9.7

              	
                The
                  Pledgee may transfer or assign his all or any rights and obligations
                  under
                  the Service Agreement to any person (natural person or legal entity)
                  at
                  any time. In this case, the assignee shall enjoy and undertake
                  the same
                  rights and obligations herein of the Pledgee as if the assignee
                  is a party
                  hereto. When the Pledgee transfers or assigns the rights and obligations
                  under the Service Agreement, at the request of the Pledgee, the
                  Pledgor
                  shall execute the relevant agreements and/or documents with respect
                  to
                  such transfer or assignment.

              

      

      

      
        	
                9.8

              	
                Due
                  to the Pledgee’s change resulting from the transfer or assignment, the new
                  parties to the pledge shall re-execute a pledge
                  contract.

              

      

      

      
        
          Article
            26 Termination

        

      

      

      
        
          
            	10.2	
                    This
                      Agreement shall not be terminated until the consulting and
                      service fees
                      under the Service Agreement are paid in full and [DALIAN WINLAND
                      INTERNATIONAL SHIPPING AGENCY CO., LTD.] shall no longer undertake
                      any
                      obligations under the Service Agreement.

                  

          

        

      

      

      
        
          Article
            27 Formalities
            Fees and Other Expenses

        

      

      

      
        
          
            	11.3	
                    The
                      Pledgor shall be responsible for all the fees and actual expenditures
                      in
                      relation to this Agreement, including but not limited to legal
                      fees, cost
                      of production, stamp tax and any other taxes and charges. If
                      the Pledgee
                      pays the relevant taxes in accordance with the laws, the Pledgor
                      shall
                      fully indemnity such taxes paid by the
                      Pledge.

                  

          

        

      

      

      
        
          
            	11.4	
                    The
                      Pledgor shall be responsible for all the fees (including but
                      not limited
                      to any taxes, formalities fees, management fees, litigation
                      fees,
                      attorney’s fees, and various insurance premiums in connection with
                      disposition of the Pledge) incurred by the Pledgor for the
                      reason that the
                      Pledgor fails to pay any payable taxes, fees or charges in
                      accordance with
                      this Agreement, or the Pledgee has recourse to any forgoing
                      taxes, charges
                      or fees by any means for other reasons.

                  

          

        

      

      

      
        
          Article
            28 Force
            Majeure

        

      

      

      
        	12.3	
                If
                  the fulfillment of this Agreement is delayed or blocked due to
                  the Force
                  Majeure Event, the party affected by such a Force Majeure Event
                  shall free
                  from any obligation to the extent of delay or holdback. Force Majeure
                  Event (“Event”) means any event which is out of control of each party, and
                  which is unavoidable or insurmountable even the party affected
                  by such
                  event has paid reasonable attention to it. The Event shall include,
                  but
                  not limited to, government actions, nature disaster, fire, explosion,
                  typhoons, floods, earthquakes, tide, lightning or war. However,
                  any lack
                  of credit, assets or financing shall not be deemed as Event. The
                  party
                  claiming the occurrence of Event shall provide the other party
                  with the
                  steps of fulfilling the obligations of this Agreement. 

              

      

       

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

       

      
        	12.4	
                The
                  Party affected by such an Event shall free from any obligation
                  under this
                  Agreement based on the conditions that the Party affected by such
                  an Event
                  have made reasonable endeavors to perform the Agreement and request
                  the
                  exemption from the other party. The both Parties agree to do their
                  best to
                  recover performance of this Agreement if the reason for exemption
                  has been
                  corrected or remedied.

              

      

      

      
        
          Article
            29 Dispute
            Settlement

        

      

      

      
        
          
            	13.3	
                    This
                      Agreement shall be governed by and construed in all respects
                      in accordance
                      with the PRC laws.

                  

          

        

      

      

      
        
          
            	13.4	
                    The
                      Parties shall strive to settle any dispute arising from the
                      interpretation
                      or performance, or in connection with this Agreement through
                      friendly
                      consultation. In case no settlement can be reached through
                      consultation,
                      each Party can submit such matter to China International Economic
                      and
                      Trade Arbitration Committee for arbitration according to the
                      current
                      effective arbitration rules of its. The arbitration shall be
                      held in
                      Beijing. The arbitration proceedings shall be conducted in
                      Chinese. The
                      arbitration award shall be final and binding upon the Parties.
                      The
                      arbitration award may be submitted to the applicable People’s Court for
                      enforcement. 

                  

          

        

      

      

      
        
          Article
            30 Notices

        

      

      

      
        
          
            	14.2	
                    Any
                      notice to which is given by the both Parties hereto for the
                      purpose of
                      performing the rights and obligations hereunder shall be in
                      writing. Where
                      such notice is delivered personally, the time of notice is
                      the time when
                      such notice actually reaches the addressee; where such notice
                      is
                      transmitted by telex or facsimile, the notice time is the time
                      when such
                      notice is transmitted. If such notice does not reach the addressee
                      on
                      business date or reaches the addressee after the business time,
                      the next
                      business day following such day is the date of notice. The
                      delivery place
                      is the address first written above of the Parties hereto or
                      the address
                      advised in writing including facsimile and telex from time
                      to time.
                      

                  

          

        

      

       

      Article
        31 Appendix

      

      
        
          
            	15.2	
                    The
                      Appendix of this Agreement as attached hereto is the part of
                      this
                      Agreement.

                  

          

        

      

      

      
        
          Article
            32 Effectiveness

        

      

      

      
        
          
            	16.3	
                    This
                      Agreement and any amendments, supplements and modifications
                      of this
                      Agreement shall be in writing, and come into effect upon being
                      executed by
                      the Parties thereto.

                  

          

        

      

      

      
        
          
            	16.4	
                    This
                      Agreement is executed both in Chinese and English with two
                      copies for each
                      language. The Chinese version will prevail in the event of
                      any
                      inconsistency between the English and any Chinese translations
                      thereof.
                      

                  

          

        

      

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

       

      [THIS
        SPACE IS INTENTIONALLY LEFT BLANK]

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

      This
        page
        is the signing page of this Equity Interest Pledge Agreement. 

      

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

       

      Party
        A: /s/ Beijing Huate Xingye Keji Co., Ltd.

      Legal
        Representative: Du
        Guangwen

       

      Party
        B: /s/ Dalian
        Winland Group Co., Ltd.

      Signature:
        Li
        Honglin

       

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

      APPENDIX

      

      
        	
                4.

              	
                The
                  register of the shareholders of Dalian
                  Winland International Shipping Agency Co.,
                  Ltd.

              

      

      

      
        	
                5.

              	
                The
                  Contribution Certificate of Dalian
                  Winland International Shipping Agency Co.,
                  Ltd.

              

      

      

      
        	6.	
                The
                  Exclusive Technical Consulting and Service
                  Agreement.

              

      

    

     

    
      
        
        

      

      
        20

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