Document:

Exhibit
      10.14

    Mortgage
      Agreement

    Parties:
      

    Jinzhou
      Halla Electronic Equipment Co., Ltd. (the “Mortgagor”)

    Jinzhou
      Commercial Bank (Linghe Branch) (the “Mortgagee”)

    1.  Mortgage
      Property

     

    1.1
      Mortgagor agrees to secure the loan with the properties listed in the appendix.
      

     

    1.2
      Mortgagor represents and warrants that it has full authority and power to
      dispose the property, clear and free of any encumbrance. 

     

    2.  Underlying
      Loan

     

    2.1
      The
      loan secured by the mortgage is the revolving loan in a maximum amount of
      RMB40,000,000 from September 28, 2005 to September 22, 2008. 

     

    2.2
      At
      any time during the term of the loan, Mortgagor can request loans from Mortgagee
      on conditions that the outstanding balance of the loan does not exceed
      RMB40,000,000. 

     

    3.  Enforceability
      of the Agreement: this agreement is an independent from the loan agreement.
      The
      invalidity of the loan agreement shall not affect the enforceability of this
      agreement

     

    4.  Duration
      of the Mortgage

     

    4.1
      Duration of the Mortgage is two years, commencing after the Statute of
      Limitation regarding the underlying loan runs. 

     

    5.  Amendment
      of the Agreement for the Underlying Loan

     

    5.1
      Mortgagee can adjust the interest rate of the underlying loan according to
      the
      change of the interest rate promulgated by the People’s Bank of China.

     

    6.  Possession
      of the Properties

     

    6.1
      During the term of mortgage, the Properties shall be under Mortgagor’s
      possession. Mortgagor shall be responsible for the maintenance and repairs
      of
      the properties.

     

    7.  Insurance
      for the Properties

     

    7.1
      Mortgagor shall purchase property insurance for the mortgage properties, subject
      to Mortgagee’s approval. 

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    7.2
      Mortgagor shall manifest in the insurance agreement that Mortgagee is entitled
      to first priority lien regarding the properties.

     

    8.  Damages
      caused by the third party

     

    8.1
      Any
      damages payment incurred by loss caused by a third party shall be allocated
      to
      the account assigned by Mortgagee.

     

    9.  Disposition
      of the Property

     

    9.1
      Mortgagor shall not dispose the Property during the term of the mortgage without
      Mortgagee’s written consent. 

     

    9.2
      Mortgagee can opt for the following regarding the proceeds derived from the
      disposition of the properties approved by Mortgagee.

     

    	i.  	
            Pay
              or prepay the loan and accrued interest

          

    
       

      	ii.
               	
              Treat
                the proceeds as deposit and secure the loan by the
                deposit certificate

            

    

     

    10.  Foreclosure

     

    10.1
      In
      the event of any of the following, the Mortgagee is entitled to foreclose the
      properties

     

    
      	i.  	
              Mortgagor
                defaults in payment of the unpaid principal
                or accrued interest when due.

            

       

    

    	ii.  	
            Mortgagee
              unreasonably dispose the properties and cause diminishment of their
              value.
              

          

     

    10.2
      Morgagee is entitled to the following remedies

     

    	i.  	
            Foreclosure

          

     

    	ii.  	
            Auction
              sale of the properties

          

     

    	iii.  	
            Initiate
              a law suit in court

          

     

    11.  Remedies
      for breaches of contract

     

    11.1
      Morgagee is entitled to the following at the time of breaches on the part of
      Mortgagor

     

    	i.  	
            Require
              the Mortgagor to remedy its breaches

          

     

    	ii.  	
            Require
              the Mortgagor to provide additional
              mortgage

          

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    	iii.  	
            Require
              for damages paid by Mortgagor

          

     

    12.  Record
      and Remove the Mortgage: Parties shall record the lien within 15 days.

     

     

    Jinzhou
      Halla Electronic Equipment Co., Ltd.

    Seal

    /s/
      Yuncong
      Ma

    /s/
      Qingjie
      Zhao

    Seal

    

    Jinzhou
      Commercial Bank (Linghe Branch)

    Seal

    

    

    Appendix
      

    The
      List of the Mortgage Property

    

    28th,
      September, 2005 

    
      	
              Mortgagor

            	
              Jinzhou
                Halla electrical equipment Co.Ltd.

            	
              Nature
                of business 

            	
              Invested
                by foreigner

            
	
              Account
                Number

            	
              402016547501018

            	
              The
                phone 

            	
              3880053

            
	
              The
                sums of the loans

            	
              10.000.000

            	
              The
                term of the loans

            	
              28th,September,2005
                to 27th,September,2008

            
	
              The
                name of the pledge

            	
              unit

            	
              amount

            	
              address

            	
              The
                value of the property

            	
              Record
                number of the properties

            
	
               The
                land

            	
              Square
                meters

            	
              42169

            	 	
              3500

            	
              000106

            	 
	
              The
                house property 

            	
              Square

              meters

            	
              9712

            	 	
              2525

            	
              0007854

            
	 	
              Square

              meters

            	
              823.7

            	 	
              164

            	
              000196908

            
	 	
              Square

              meters

            	
              2714.4

            	 	
              705

            	
              000234108

            
	 	
              Square

              meters

            	
              1275

            	 	
              255

            	
              00181316

            
	 	 	 	 	 	 
	 	 	 	 	 	 
	
              total

            	 	 	 	 	 

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
               

               

               

              Jinzhou
                Halla electrical equipment Co. Ltd.

              /s/
                Qingjie
                Zhao

              /s/
                Yuncong
                Ma

               

               

              Jinzhou
                Commercial Bank (Linghe Branch)(Linghe Branch)

              Seal

               

               

            

    

    

    
      
         

      

      
        4Exhibit
      10.15

    

    LEASE
      AGREEMENT

    

    Date:
      November 8, 2005

    

    Lessor:                
      Beijing
      International Technological Cooperation Center Wang
      Jing
      Tower Company (“Party A”)

    

    Lessee:                
      Jinzhou Halla Electrical Equipment Co., Ltd. ("Party B")

    

    Management:
       
      Beijing
      Wangjing Zhucheng Real Property Management Company. (“Party C”)

    

    1.  Based
      on
      the laws and regulations of People's Republic of China, the Parties enter
into
      this
      Lease Agreement in order to specify the rights and obligations of the
Lessor
      and the Lessee.

     

    2.  Party
      A
      agrees to lease the properties and the facilities therein, located at 8085
      and
      8086
      #8A to Party B for the usage of office space (the "Property"). The total
area
      of
      the properties is 169 square meters. Any alteration to the building shall be
      approved
      by Party A before it is made.

     

    3.  Lease
      Term

     

    	a.  	
            The
              term of the lease is 24 months, commencing from November 15, 2005 and
              ending on November 14, 2007.

          

     

    	b.  	
            Extension
              of the term shall be requested no later than 45 days before the expiration
              of the lease and shall be approved by all the parties to this agreement.
              The extension agreement shall be executed at least 15 days before the
              expiration of the lease.

          

     

    4.  Rental
      Payment

     

    	a.  	
            The
              rental payment is RMB17,000 per month. The management fee collected
              by
              Party C shall be determined in separated
              agreements.

          

     

    5.  Deposit

     

    	a.  	
            Party
              A shall pay to Party B the sum of RMB51,000 as deposit within 3 days
              after
              the execution of the agreement. 

          

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    	b.  	
            The
              deposit is solely for security purpose and shall not be deemed as any
              other payment of any kind and cannot be assigned or be used as a lien
              to
              secure debts owed by Party B to any third parties during the lease
              term.   

          

     

    	c.  	
            Party
              A can use the deposit to cover damages caused by breaches of this
              agreement on the part of Party B. Party A shall return the deposit,
              not
              including interests accrued, to Party B only after Party B has fulfilled
              all of Party B’s obligations hereunder. 

          

     

    	d.  	
            When
              Party A uses part or full amount of the deposit for the use set forth
              in
              5c, Party B shall make payment of the equal amount to Party A for deposit
              purpose, within 3 days after Party A delivers written notice to Party
              B.
              

          

     

    6.  Other
      Fees

     

    	a.  	
            The
              following fee shall be paid by Party B to Party C, based on the usage
              of
              utilities.

          

     

    Water:
      Cold water: RMB5.6/ton; Warm water: RMB 9.5/ton

     

    Electricity:
      RMB 0.95/unit

     

    Other
      fees agreed by the parties.

     

    7.  Deposit
      Payment Arrangement

     

    	a.  	
            Party
              B shall pay the deposit 5 days before the commencement of the lease
              in
              cash or through wire transfer. 

          

     

    	b.  	
            If
              Party B defaults in payment when due, Party B shall pay a late fee
              in the
              amount of 5% of the defaulted payment each day, not exceeding 30
              days.

          

     

    8.  Party
      A
      may adjust the amount of payment based on changes of governmental regulations
      regardingutilities
      fees. 

     

    9.  Necessary
      Documentation 

     

    10.  Alteration
      or Decoration of the Property

     

    	a.  	
            Any
              alteration to the Property shall be approved by Party A 15 days before
              it
              is made.

          

     

    	b.  	
            Any
              alteration to the Property made by Party B is at its own cost.
              

          

     

    	c.  	
            The
              Property need not be restored to its original state at the expiration
              of
              the lease term. 

          

     

    11.  Repairs

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    	a.  	
            Party
              A is responsible for maintaining the Property in a safe condition.
              Any
              damage to the Property caused by Party B’s misuse or negligence shall be
              borne by Party B.

          

     

    	b.  	
            Party
              A shall be responsible for reasonable wear and tear arising from the
              use
              thereof under this lease. 

          

     

    12.  Public
      Area: public area includes hallway, restroom, elevator, entrance door, hall
      and
      other area shared by public.

     

    13.  Right
      of
      Entry: Party A, Party C and relevant government officials can enter into the
      Property if it is for the purpose of security, fire and other necessary
      situations.

     

    14.  Remedies
      for Breaches of the Agreement

     

    	a.  	
            If
              Party A and Party C fail to deliver the Property to Party B at the
              commencement of the lease, Party A shall pay 0.05% of the total rental
              price to Party B each day when such delay continues.
              

          

     

    	b.  	
            Party
              A is responsible for any damages, loss or injury caused by its failure
              to
              maintain the Property pursuant to this agreement.
              

          

     

    	c.  	
            Except
              as set forth in 15a, in the case of early termination of the lease
              by
              Party A, Party A shall pay to Party B the sum equal to the sum of security
              deposit. 

          

     

    	d.  	
            In
              the event Party B fails to make a payment when due, Party B shall on
              a
              daily basis, pay to Party C in the amount of 5% of the defaulted
              payment.

          

     

    	e.  	
            If
              Party B fails to restore the Property to its original state after it
              makes
              alterations to the Property without Party A’s written consent, Party B is
              responsible for any loss and damages borne by other parties, and is
              subject to a late charge at the amount of two month’s rent.
              

          

     

    	f.  	
            If
              Party B terminates the lease before its expiration, the deposit will
              not
              be refunded. 

          

     

    15.  Force
      majeure: this
      agreement will be terminated automatically if caused by forces beyond the
      control of the parties.

     

    16.  Termination
      of the agreement

     

    	a.  	
            Except
              as set for in 15a, any party cannot modify or terminate the agreement
              without other parties’ written consent. 

          

     

    	b.  	
            Any
              event of default on the part of Party B for longer than 30 days may
              result
              in termination of the lease by Party A or Party C.
              

          

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    Beijing
      International Technological Cooperation Center Wangjing
      Tower Company

     

    Seal

     

     

    Jinzhou
      Halla Electrical Equipment Co., Ltd

     

    Seal

     

     

    Beijing
      Wangjing Zhucheng Real Property Management Co., Ltd. 

     

    Seal
      

     

    
      
         

      

      
        4

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