Document:

IP
        Licensing Agreement 

      
        

      

    

    

    IP
      Licensing Agreement

    

    

    

    By
      and
      between

    

    

    Daqing
      Sunway Technology Company Limited

    

    

    

    And

    

    

    

    Sunway
      World Through Technology (Daqing) Co. Ltd.
      

    

    

    

    

    May
      30,
      2007

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    IP
      Licensing Agreement 

    
      

    

    IP
      Licensing Agreement

    

    

    This
      IP
      Licensing Agreement (“this Agreement”) is made and entered into by and between
      the following parties on the date of May 30th,
      2007 in
      Heilongjiang Daqing.

     

    Sunway
      World Through Technology (Daqing) Co., Ltd. (“the Licensor”) is a foreign
      invested company whose legal address is Jianshe Road, North Software Park,
      High
      and New Technology Industry Development Zone, Daqing City.

     

    Daqing
      Sunway Technology Company Limited (“the Licensee”) is a foreign invested company
      whose legal address is Jianshe Road, Software Park, High and New Technology
      Industry Development Zone, Daqing City.

     

    (The
      Licensor and the licensee shall be “the Parties” together, or “the Party” or
“each Party” under this agreement)

     

    Whereas:

     

    
      	
              (1)

            	
              The
                Licensor mainly engages in Computer software development, medical
                appliance development and
                production.

            

    

     

    
      	
              (2)

            	
              The
                Licensee mainly engages in Computer software development, data processing,
                data base service, computer equipment maintenance; computer outer
                equipment, apparatus, meters, the production and sale of the electronic
                products, and communicational equipment (not including the transmission
                equipment). household appliance; Petroleum chemical technical service,
                computer and the series products, computer software, computer outer
                equipment, apparatus, electronic equipment export and import business,
                production of the medical
                instrument.

            

    

     

    
      	
              (3)

            	
              The
                Licensor agrees to exclusively grant the Licensor to use its patents,
                trademarks, software and other related IP (collectively called“ IP”), and
                the Licensee agrees to pay the relative royalty fee according to
                this
                Agreement. 

            

    

     

    The
      Parties agree the followings: 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      IP
        Licensing Agreement 

      
        

      

    

     

    1 THE
      DEFINITION

     

    Except
      provided otherwise, the terms under this Agreement mean:

     

    “This
      Agreement” refers to this IP Licensing Agreement and its Appendix
      1;

     

    “Signing
      Date” refers to the date on which this Agreement is signed;

     

    “Technology”
      refers to the IP mentioned Article 2 and Appendix hereof;

     

    “License
      Term” refers to the term as defined in Article 2.5;

     

    “License
      Fee” refers to the fee paid by the Licensee as provided in Article
      3;

     

    “RMB”
      refers to legal currency in P.R.China;

     

    “Business
      day” refers to any day except Saturday, Sunday and other days authorized
to
      the
      banks to close;

     

    
      	
              2

            	
              THE
                MAIN CLAUSES OF THIS AGREEMENT

            

    

     

    2.1
      The
      Licensor agrees to exclusively grant the Licensee to utilize IP in its related
      production and sale operation within the business scope during the term agreed
      in this Agreement hereunder. More details of the IP please refer to Appendix
      One.

     

    2.2
      The
      Licensor shall provided the IP rights and the technical support, and related
      guide and inspection as required by the Licenseeôand
      conduct training and supervision to the technical and research stuff of the
      Licensee .

     

    2.3
      The
      term of the license is 5
      years
      from the date of execution of this Agreement.

     

    
      	
              3

            	
              CONSIDERATION

            

    

     

    The
      Licensee shall pay the license fee to the Licensor in the following manners
      agreed by the Parties:

     

    
      	
              3.1

            	
              The
                Licensee shall pay the Licensor the license fee equal to 5% of annual
                revenue before December 31st
                of
                each year.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      IP
        Licensing Agreement 

      
        

      

       

    

    
      	
              3.2

            	
              PAYMENT
                METHORD

            

    

     

    The
      License fee shall be paid to the Licensor through Bank of Communications
      (Licensor’s bank) and China Industry and Commercial Bank (Licensee’s
      bank).

     

    
      	
              4

            	
              DELIVERY
                OF TECHNOLOGY MATERIALS

            

    

     

    4.1
      The
      Licensor shall timely deliver the technology materials within
      10
days
      as
      of the date of execution of this Agreement.

     

    4.2
      The
      Licensee shall, within 3 working days upon receipt of tendered materials, make
      confirmation of such receipt and give notice to the Licensor.

     

    
      	
              5

            	
              MODIFIVATION
                AND AMENDMENT OF TECHNOLOGYL
                MATERIALS

            

    

     

    5.1
      In
      order to satisfy its design standard, material requirement, technological
      facilities, and other manufacturing conditions, the Licensee shall be entitled
      to make modification and amendment on the technology materials on the condition
      of maintaining the original basic design, and notify the Licensor of the
      modification and amendment.

     

    5.2
      Each
      Party shall, within the valid term of this Agreement, freely provide the
      improved and developed Technology to the other party, and the IP right of the
      improved and developed Technology shall be granted to the party making such
      improvement and development, and may not be assigned to any third party without
      the written agreement by the other party.

     

    
      	
              6

            	
              WARRANTIES,
                REPRESENTATION AND UNDERTAKINGS

            

    

     

    6.1
      WARRANTIES, REPRESENTATIONS AND UNDERTAKING BY THE LISENSOR

     

    6.1.1
      The
      Licensor is the legal enterprise which is duly incorporated and valid existing;
      for the purpose of execution and implementation of this Agreement, it has
      obtained all required authorization and entitled to do so.

     

    6.1.2
      Pursuant to the provisions hereof, the Licensor shall provided and delivered
      to
      the Licensee with the related IP and technical information, and warrant that
      it
      has the right to license such IP.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    IP
      Licensing Agreement 

    
      

    

    
6.1.3
      The
      Licensor guarantees that it has not entered into any contracts or agreements
      conflicting with this Agreement before the Signing Date and within the term
      hereof, and shall not assign the rights and obligation to any third party under
      this Agreement.

     

    6.1.5
      For
      the purpose of implementation of this Agreement, the Licensor promise that
      it
      shall take all necessary actions, steps and make all documents to execute all
      the terms in this Agreement.

     

    6.2
      WARRANTIES, REPRESENTATIONS AND UNDERTAKING BY THE LISENSEE

     

    6.2.1
      The
      Licensee is the legal enterprise which is duly incorporated and valid existing;
      for the purpose of execution and implementation of this Agreement, it has
      obtained all required authorization and entitled to do so.

     

    6.2.2
      The
      Licensee warrants paying license fee to the Licensor in accordance with the
      provisions hereunder.

     

    6.2.3
      The
      Licensor guarantees that it has not entered into any contracts or agreements
      conflicting with this Agreement within the term hereof, and shall not assign
      the
      rights and obligation to any third party under this Agreement.

     

    6.2.4
      Any
      warrants, representation and undertakings made by the Licensee do not contain
      inaccurate statement related to major events, or omit the major events which
      could cause misunderstanding of the statements.

     

    6.2.5
      The
      Licensee undertakes that it may in no event assign or make disclosure any IP
      hereunder in any form to a third party without written agreement by the Licensor
      within the term hereof.

     

    6.2.6
      For
      the purpose of implementation of this Agreement, the Licensor promise that
      it
      shall take all necessary actions, steps and make all documents to execute all
      the terms in this Agreement.

     

    7.
       CONFIDENTIALITY
      

     

    7.1
      Any
      information, documents, data and all other materials (herein “confidential
      information”) arising out of the negotiation, signing, and implement of this
      Agreement, shall be kept in strict confidence by the Parties within 3 years
      after the termination of this Agreement. Unless compelled to disclose in
      judicial or administrative process, or by other requirements of laws, any third
      party, except for those enjoying the rights to know the confidential
      information, shall neither be informed about or use the above confidential
      information, nor use the confidential information for the purpose not related
      to
      complete this Agreement.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      IP
        Licensing Agreement 

      
        

      

       

    

    7.2
      The
      above confidentiality obligations of the Parties shall be independently
      effective and survive the date of on which this Agreement
      terminates.

     

    
      	
              8

            	
              FORCE
                MAJEURE

            

    

     

    8.1
      “Force Majeure” refers that any event, condition, situation or the combination
      of event, condition and situation, which is outside the direct or indirect
      reasonable controlling scope of the influenced party, and is limited by
      inevitable event, condition or situation that the influenced party could not
      reasonable anticipate, or avoid, prevent or inevitable postpone either’s perform
      under the terms of this Agreement. Neither party shall be liable to the other
      for any delay or failure to perform its obligation under this Agreement, if
      such
      failure or delay is due to force majeure. However, one party shall notify the
      other party in writing as soon as practical of any delay due to force majeure.
      After the force majeure ceases, each party shall continue to perform under
      this
      Agreement.

     

    
      	
              9

            	
              LIABILITIES
                FOR BREACH OF THIS AGREEMENT

            

    

     

    9.1
      After
      the effective date of this Agreement, if either party is in default,
      nonperforming, or partly performing terms of this Agreement, or is in default
      of
      any warranties, representations and undertakings of this Agreement, it may
      constitute default. The non-breaching party can allow the breaching party to
      remedy in a reasonable time period. If the breaching party does not remedy
      within the reasonable time period, the non-breaching party shall hold the
      breaching party liable for all the damages resulted from the breaching party’s
      default. All the economic loss, including attorney fees, litigation and
      arbitration costs incurred by the default, shall be paid by the breaching party.
      The breaching party shall also be responsible to participate the relevant
      litigation. The economic loss shall not exceed the amount that breaching party
      could anticipate or should anticipate as of the date of this
      Agreement.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
      IP
        Licensing Agreement 

      
        

      

       

    

    
      	
              10

            	
              EFFECTIVE
                DATE

            

    

     

    10.1
      This
      agreement is effective from the Signing Date (If it is signed by a designated
      person, a letter of the power of attorney is necessary) and shall remain
      effective until it is terminated pursuant to Section 12.

     

    
      	
              11

            	
              GOVERNING
                LAW AND DISPUTE RESOLUTION

            

    

     

    11.1
      The
      effectiveness, interpretation, implementation and dispute-resolution related
      to
      this Agreement shall be governed under the laws of the People’s Republic of
      China.

     

    11.2
      Any
      dispute arising out of this Agreement, including but not limited to execution,
      enforcement, implementation, interpretation, default, modification, and
      termination, shall be resolved by both parties through mutual negotiation.
      If
      both parties could not reach an agreement within 30 days since the dispute
      is
      brought forward, either Party may submit the dispute to Beijing Arbitration
      Commission for arbitration under its applicable rules. The
      arbitration award should be final and binding upon both parties, if the losing
      party refuses to enforce the arbitration award, the winning party may seek
      enforcement of arbitration award in a PRC court with jurisdiction over the
      dispute; and the winning party shall have the right to ask the losing party
      to
      pay for all professional service (including but not limited to legal counsel
      service, arbitration fees, enforcement fees) costs in the course of arbitration
      and other related costs.

     

    11.3
      During the process of dispute-resolution, both parties shall continue to perform
      other terms under this Agreement, except for provision of dispute
      resolution.

     

    
      	
              12

            	
              MODIFICATION,
                CANCELLATION, TERMINATION

            

    

     

    12.1
      The
      modification of this Agreement shall not be effective without written agreement
      through negotiation. If the Parties could not reach an agreement, this Agreement
      remains effective.

     

    12.2
      Licensor may terminate this Agreement with upon 30 days written notice to
      Licensee.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    
      IP
        Licensing Agreement 

      
        

      

       

    

    
      	
              12

            	
              GENERAL

            

    

     

    13.1
      Any
      statement, stipulation and promise made by one party to the other, which are
      the
      foundation and precondition to the Agreement, shall be complete and genuine.
      After the effective date, if either party discovers the fact does not comply
      with the other party’s representation and warranties, the discovering party
      shall disclose immediately the above fact to the other. All the losses, costs,
      expenses, or obligations shall be compensated if it is resulted by either
      party’s default of its representation and warranties.

     

    13.2
      Any
      representation, warranties and undertakings shall be separate and independent
      under this Agreement, which also shall not be limited by any provisions, except
      provided otherwise.

     

    13.3
      If
      any provisions of this Agreement shall be construed to be illegal, invalid,
      or
      unenforceable according the laws of China, they shall not affect the legality,
      validity and enforceability of the other provisions of this Agreement. If any
      provision is deemed to be illegal, invalid, or unenforceable, both parties
      shall
      modify this agreement through negotiation, and shall apply to both parties’
original intend as close as possible.

     

    13.4
      This
      Agreement constitutes the entire agreement between the Parties relating to
      this
      licensing, which together with the Appendix 1 represents both parties’ genuine
      expression. This Agreement supersedes all prior or contemporaneous discussions,
      or presentations and proposals, written or oral, with respect to subject matters
      discussed herein. 

     

    13.5
      Except as otherwise provided by the laws, either party’s failure or postpone to
      exercise rights under this Agreement does not constitute the waiver of the
      rights. Exercise rights solely or partly does not constitute the prevention
      from
      exercising other rights, or privileges.

     

    13.6
      All
      headings used in this Agreement are intended for convenience of reference only.
      They will not affect the construction or interpretation of the
      Agreement.

     

    13.7
      Except otherwise provided in this Agreement, the mentioned article, clause
      and
      appendix refer to the article, clause and appendix of this
      Agreement.

     

    13.8
      Any
      notice hereunder shall be delivered upon personal delivery, fax, and registered
      air mail to such address as indicated at the first page of the Agreement, unless
      otherwise being given written notice of another modified address from one party
      to the other party. All notices shall be deemed to have been given or delivered
      upon (1) registered mail, 5 business days after deposit in the mail; (2)by
      personal delivery or fax, 2 business days after transmission. If the notice
      is
      delivered by fax, it should be confirmed by original through registered air
      mail
      or personal delivery. 

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    IP
      Licensing Agreement 

    
      

    

     

    13.9
      The
      parties may sign additional agreement regarding to related matters of this
      Consignment. Additional agreement and this Agreement have the same
      effectiveness.

     

    13.10
      All
      the appendix of this Agreement is the integral part of this Agreement, which
      has
      the same effectiveness with this Agreement.

     

    13.11
      This Agreement is written in both English and Chinese. If the two versions
      conflict, the Chinese version shall prevail.

    

    

    IN
      WITNESS THEREFORE,
      the
      parties hereof have caused this Agreement to be executed by their duly
      authorized representatives as of the date first written above.

     

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
      IP
        Licensing Agreement 

      
        

      

    [Signature
      Page Only]

     

    For
      and
      on behalf of 

    

    

    Sunway
      World Through Technology (Daqing) Co. Ltd. (Seal)

    

    

    Legal
      Representative (or Authorized Representative) Signature 

    

    

    

    

    Daqing
      Sunway Technology Company Limited (Seal)

    

    

    

    Legal
      Representative (or Authorized Representative) Signature 

    

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
      IP
        Licensing Agreement 

      
        

      

       

    

    APPENDIX
      1: IP LIST

    

    

    
      	
              1.

            	
              Licensed
                Patents Listæ

            

    

    
      	
              序号

            	
              Certificate
                No.

            	
              Authorized
                Institution

            	
              Name
                of Patent

            	
              Patent
                No.

            	
              Application
                date

            	
              Valid
                Term(Year)

            
	
              1

            	
              523933

            	
              SIPC
                

            	
              气动管澭物流传灭眻置

            	
              ZL
                01 2 71975 7

            	
              20011202

            	
              10

            
	
              2

            	
              532336

            	
              SIPC
                

            	
              管澭朲向炔换器

            	
              ZL
                02 2 09902 6

            	
              20020122

            	
              10

            
	
              3

            	
              534389

            	
              SIPC

            	
              一种管澭换向器

            	
              ZL
                02 2 09901 8

            	
              20020122

            	
              10

            
	
              4

            	
              556112

            	
              SIPC

            	
              气动管澭物流传灭收发站箱

            	
              ZL
                02 2 73509 7

            	
              20020523

            	
              10

            
	
              5

            	
              275295

            	
              SIPC

            	
              气动管澭物流传灭收发站箱

            	
              ZL
                02 3 52960 1

            	
              20020523

            	
              10

            
	
              6

            	
              567890

            	
              SIPC

            	
              气动管澭物流传灭气濿子

            	
              ZL
                02 2 73510 0

            	
              20020523

            	
              10

            
	
              7

            	
              655292

            	
              SIPC

            	
              平移切换式气动管澭物流传灭收发站箱

            	
              ZL
                03 2 60602 8

            	
              20030924

            	
              10

            
	
              8

            	
              719650

            	
              SIPC

            	
              物流传灭系统縖斏动炘澭炚

            	
              ZL
                2004 2 0070058 5

            	
              20040728

            	
              10

            
	
              9

            	
              719482

            	
              SIPC

            	
              物流传灭系统炚用炘澭

            	
              ZL
                2004 2 0070057 0

            	
              20040728

            	
              10

            
	
              10

            	
              732675

            	
              SIPC

            	
              平移切换式气动管澭物流传灭收发站

            	
              ZL
                2004 2 0063538 9

            	
              20041011

            	
              10

            
	
              11

            	
              743362

            	
              SIPC

            	
              物流管澭爑由眻置

            	
              ZL
                2004 2 0063537 4

            	
              20041011

            	
              10

            
	
              12

            	
              738892

            	
              SIPC

            	
              一种管澭朲向炔换器

            	
              ZL
                2004 2 0063535 5

            	
              20041011

            	
              10

            
	
              13

            	
              739042

            	
              SIPC

            	
              一种管澭换向器

            	
              ZL
                2004 2 0063536 X

            	
              20041011

            	
              10

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    
      IP
        Licensing Agreement 

      
        

      

    

     

    
      	
              2.

            	
              Licensed
                Software List

            

    

    
      	
              No.

            	
              Certificate
                No.

            	
              Software
                Name

            	
              Authorized
                Institution

            	
              Certificate
                Issued Date

            	
              Valid
                Term (Year)

            
	
              ï

            	
              Hei
                DGY-2003 0005

            	
              Sunway
                Logistics Controlling SoftwareÊ1.0

            	
              Heilongjiang
                Software Industry Commission

            	
              20030310

            	
              5

            

    

    

    
      	
              3.

            	
              Licensed
                Trademark List

            

    

    
      	
              No.

            	
              Trademark
                No.

            	
              Authorized
                Institution

            	
              Classification

            	
              Valid
                Term

            
	
              1

            	
              1102674

            	
              CTMO

            	
              No.9th 

            	
              From
                September 14th,
                1997to September 13th,
                2007

            
	
              2

            	
              3205734

            	
              CTMO

            	
              No.10th 

            	
              From
                December 24th,
                2003 to December 13th,
                2013

            

    

    

    Note:

    “CTMO”
      refers to Trademark Office, State Administration of Industry and
      Commerce

    “SIPC”
      refers to State Intellectual Property Office of the People’s Republic of
      China

    

     

    
      
        
        

      

      
        12Consigned
      Management Agreement

    

     

    by
      and between

     

    

     

    Daqing
      Sunway Technology Company Limited

     

    

     

    and

     

    

     

    Sunway
      World Through Technology (Daqing) Co., Ltd.

     

    

     

     

    March
      30, 2007

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

      Consigned
        Management Agreement

      
        
          

        

      

    

     

    This
      Agreement is entered into on March 30, 2007 in Daqing between the following
      Parties:

     

    
      	
              (1)

            	
              Daqing
                Sunway Technology Company Limited (hereafter called “Party A”) is a
                limited liability company duly registered in Daqing, China, whose
                legal
                address is: Jianshe Road, North Software Park, High and Advanced
                Technology Industry Development Zone, Daqing City,
                and

            

    

     

    
      	
              (2)

            	
              Sunway
                World Through Technology (Daqing) Co., Ltd. (hereafter “Party B”), a
                wholly
                foreign owned enterprise (“WFOE”) duly registered in Daqing,
                China, whose legal address is:
                Jianshe Road, North Software Park, High and Advanced Technology Industry
                Development Zone, Daqing City. 

            

    

     

    (Party
      A
      and Party B are referred to collectively in this agreement as “Parties” or “both
      Parties”, and individually as “a Party”)

     

    WHEREAS:

     

    
      	
              (1)

            	
              Party
                A’s major business are as follows:
                the computer software development, data processing, data base service,
                computer equipment maintenance; the production and sale of computer
                and
                its outer equipment, apparatus, meters, the electronic products,
                and
                communicational equipment (not including the transmission equipment);
                household appliance; Petroleum chemical technical service, computer
                and
                the related products, computer software, computer outer equipment,
                apparatus, electronic equipment export and import business, manufacture
                of
                the medical appliance;

            

      	 	 

      	(2)	Party B’s major business is: the development of computer
              software, the development and manufacture of medical appliance and
              medical
              supplemental equipment.
              

    

     

    
      	
              (3)

            	
              Party
                B has advanced skills and abilities of business management, human
                resources and financial management. Party A shall consign Party B
                to
                manage all its business, including without limitation, production,
                sale,
                marketing, financial, administrative and human resources.
                

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    Consigned
      Management Agreement

    
      
        

      

    

     

    THEREFORE,
      the
      Parties hereby agree as follows: 

     

    I
      CONTENTS
      OF BUSINESS MANAGEMENT SERVICE

     

    A
      Contents

     

    1
      The
      object of the technique service 

     

    (1)
      Through the business operation and production technique to ensure Party A’s
      business is safe, stable and economic. The productive management level will
      continuously be improved. 

     

    2
      The
      contents of the technical service: 

     

    (1)
      Standardize productive operation management system;

     

    (2)
      The
      management of safe production;

     

    (3)
      The
      management to save energy and lower the cost;

     

    (4)
      The
      management of technology supervision;

     

    (5)
      Engineering construction management;

     

    (6)
      The
      construction of information system;

     

    (7)
      Environmental protection;

     

    (8)
      The
      management work of goods transportation; 

     

    3 
      Forms of
      technique service: technique consultancy, training, site service.

     

    B
      Rights and Obligations of both Parties 

     

    (a)
      Rights and Obligations of Party A

     

    1
      Rights
      of Party A

     

    (1)
      Party
      A
      has the right to require Party B to provide technique service for Party B’s
      management, supervision, examination and direction etc., upon the safe
      production according to the stipulation of the agreement;

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
      Consigned
        Management Agreement

      
        
          

        

      

       

    

    (2)
      Party
      A
      has the right to require Party B to promptly provide the technical and
      environmental protection service hereunder. 

     

    2
      Obligations of Party A

     

    (1)
      Party
      A shall pay Party B for the service fee pursuant to the provision of this
      agreement;

     

    (2)
      Party
      A shall promptly and accurately notify Party B on the situation of production
      and operation, issues on the safety and technologies, and the substantial
      accident.

     

    (3)
      Party
      A shall execute the proposed requirements and measures by Party B for its safe
      production, science and technologies, and environmental protection in according
      to the contents of this agreement, and facilitate the work of Party
      B;

     

    (4)
      Party
      A shall provide the data and materials related to the productive accidents,
      to
      Party A on its requirements;

     

    (5)
      Party
      A shall provide various conveniences to Party B for its access to the working
      site.

     

    (b)
      Rights and Obligations of Party B 

     

    1
      Rights
      of Party B

     

    (1)
      Party
      B has the right to require Party A to facilitate to accomplish any tasks under
      this agreement;

     

    (2)
      Party
      B has the right to make proposals on the existed issues during the process
      of
      implementations this agreement by Party A.

     

    2
      Obligations of Party B

     

    (1)
      Technical supervision management work;

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
      Consigned
        Management Agreement

      
        
          

        

      

       

    

    (i)
      Assist the state and corresponding governmental department to direct the
      technical supervision work; employ the senior experts to evaluate the technical
      supervision work, and to propose the renovation opinions, list the renovation
      measures, and continuously improve the technical supervision management
      level.

     

    (ii)
      Facilitate to organization of conducting the professional trainings on the
      employees at regular internals and by installments;

     

    (iii)
      Conduct the centralized management on the technical supervision according to
      the
      state and industrial standards; organize the experts to examine, evaluate,
      submit the examination report, propose the reform suggestion and facilitate
      the
      implementation.

     

    (iv)
      Participate to analyze professional substantial issues; facilitate to propose
      the anti-accident measures; facilitate to make the fixed-term technical
      supervision evaluation report with the related experts; instruct to set up
      the
      standard laboratory, produce the standards, conduct the technical consultancy
      and analysis on the unusual problems of the equipment and the systems, and
      give
      the disposal opinions.

     

    (v)
      Facilitate to organize the annual meeting of the technical supervision,
      summarize the technical supervision work, and submit working tasks and
      directions on the technical supervision.

     

    (2)
      Standardize the production, operation, and management system

     

    (3)
      Manage the spreading work of the management evaluation;

     

    (4)
      Environmental protection work;

     

    (5)
      Logistics work.

     

    II
      HUMAN
      RESOURCES MANAGEMENT SERVICE

     

    A
      Contents

     

    1
      Cooperate with the government agency of State Ministry of Labor and Social
      Security, Administration of Finance to adjust the growth mechanism of the
      aggregate sum of the salaries, implement the salary growth mechanism, direct
      to
      perfect the salary system of the employees; 

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    2
      Facilitate to perfect the organizational structure to improve the effects of
      the
      management;

     

    3
      Provide
      the training service to the senior management persons;

     

    4
      Make
      the proposal on the examination and allocation of payment to the senior
      management persons;

     

    5
      Coordinate the matters on the graduates reception plan with the governmental
      agency, the appraisal of the professional techniques occupational status, the
      political appraisal of the persons who will go abroad on the represent of the
      Party A;

     

    6
      Facilitate to build the working effectiveness system of the employees and
      perfect the salary incentive system, provide the consultancy service on the
      management of the employee working effectiveness and the salary incentive
      system. 

     

    7
      Provide
      the legal information on the labor and human resources, policy consultancy,
      labor disputes, and legal support consultancy service.

     

    8
      Facilitate to construct the “Four Group of Talents” work;

     

    9
      Facilitate to appraise the expert qualification of Professional Technique
      Leader, etc.;

     

    10
      Instruct to perfect, maintain and manage the 【 】
      system;
      Provide the insurance to improve the enterprise effectiveness through the modern
      means to stipulate the basic management work of human resources and the
      construction of system;

     

    11
      Direct
      the employees training service on the production techniques and operation
      management technique;

     

    12
      Facilitate to plan the career management of the employee occupation, build
      the
      occupation development path. 

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    Consigned
      Management Agreement

    
      
        

      

    

     

    B
      Rights and Obligations of the Parties on Human
      Resources

     

    1
      Rights
      and Duties of Party A

     

    (1) 
      In
      charge of the routine work of labor and human resources, facilitate Party B
      to
      work; 

     

    (2) 
      Provide
      the application materials for the qualification of the occupation status and
      the
      expert qualification as the professional technique candidates, etc. , arrange
      the Party B to conduct the enterprise and employees work effectiveness appraisal
      consultancy, and other related work;

     

    (3) 
      Stipulate the labor contract management work;

     

    (4) 
      Dispatch
      personnel to participate the corresponding meetings, trainings, technique
      exchange activities which are organized by Party B;

     

    (5) 
      In
      pursuant to the opinion of Party B, set up the annual objects and break-downs,
      make the standards for the achievements appraisal; 

     

    2
      Rights
      and Obligations of Party B

     

    Provide
      the consultancy service of the adjustment, restructure of the organization;
      supervise, appraise the effects of the operation;

     

    (1) Provide
      the consultant to the optimization and integration of the organization, and
      supervise and evaluate the operation results. 

     

    (2) Provide
      the performance management, facilitate the Party A to implement the performance
      examination management system, and build the employee performance examination
      system, facilitate to implement the office performance classification salary
      system; provide consultancy service;

     

    (3) Provide
      training service, organize the senior management persons to participate the
      training of operation management; organize the technical experts and the
      technical leader to participate technique development training, organize the
      newly accepted graduates to be trained collectively, supervise and instruct
      technical master to participate technique training, such like office technique
      and moot operation, etc. 

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    
      Consigned
        Management Agreement

      
        
          

        

      

       

    

    (4) Facilitate
      to stipulate the labor contract management for Party A, reinforce the employment
      management, provide the related labor and human resources legal information,
      policy consultancy, labor disputes and legal support consultancy
      service;

     

    (5) Provide
      professional technique leader, develop technique experts, appraise the
      occupational status, and recommend management, etc. consultancy
      service;

     

    (6) Facilitate
      to build the development access for the employees, promote the career
      development of employees, and build the development plan for the employees.
      

    

     

    III
      FIANANCE
      MANAGEMENT SERVICE

     

    
      	
              A.

            	
              Contents

            

    

     

    1
      Financial Management

     

    (1)
      Conduct the business instruction to the implementation of the deep development
      of the budget management; realize the “Budget enters the working group”
plan;

     

    (2)
      Facilitate the money operation, adjust the structure of the credit loan,
      accelerate the turn over of the money, and effectively control the finance
      risks;

     

    (3)
      Provide the financial consultancy service; 

     

    (4)
      Arrange the internal and outside audit service;

     

    (5)
      Pursuant to the requirement of the class-evaluation system, provide the optional
      management plan and consultancy service on the financial
      management;

     

    (6)
      Provide the working cost management consultancy service.

     

    B
      Rights
      and Obligations of Both Parties

     

    1
      Rights
      and Obligations of Party A

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
      Consigned
        Management Agreement

      
        
          

        

      

       

    

    (1)
      In
      charge of the daily operation management work, arrange Party A to provide
      operation management direct/consultancy work;

     

    (2)
      Strictly implement the internal control system, execute the budget management
      system and control procedure, enjoy the basic data of the budget
      production;

     

    (3)
      Facilitate Party B to conduct every audit and examination work;

     

    (4)
      Dispatch personnel to participate the corresponding meetings, trainings,
      technique exchange activities which are organized by Party B;

     

    (5)
      Facilitate to conduct the class evaluation work;

     

    2
      Rights
      and Obligations of Party B

     

    (1)
      Provide marketing service, facilitate to make the annual marketing target and
      implement the plan;

     

    (2)
      Provide market research, product price settling;

     

    (3)
      Provide performance appraisal service; in pursuant to the international
      enterprise performance appraisal standard; facilitate Party A to Promote the
      performance diagnose appraisal system work; operate the operation cost appraisal
      system; and instruct the economic analysis and performance appraisal
      work;

     

    (4)
      Provide information construction and consultancy service, facilitate to build
      and provide systematical statistics information data base; facilitate to
      implement equipment management system and the second development; facilitate
      to
      implement enterprise resources update plan;

     

    (5)
      Organize and facilitate Party A to participate the meeting of
      trade;

     

    (6)
      Provide the asset insurance service, including facilitate Party A to harmonize
      the relationship with the insurance company after the accident occurs, provide
      the site service in according to the site situation, conduct the risks
      investigation, the compensate issues after the accident, periodically provide
      the professional knowledge training for the employees of the insurer, facilitate
      to buy the insurance;

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    
      Consigned
        Management Agreement

      
        
          

        

      

       

    

    (7)
      Provide the related finance and the guarantee management issues;

     

    (8)
      Provide the special audit service;

     

    (9)
      Perfect the finance appraisal service, facilitate Party A to wholly promote
      the
      financial management system. 

    

     

    IV
      PAYMENT
      

     

    Party
      A
      shall pay the consigned management fee, equal to 3%
      of its
      annual revenue before December 31st
      of each
      year.

    

     

    V
      COVENANT

     

    The
      Parties agree that they shall warrants as follows within the term hereof unless
      this Agreement is terminated or canceled in accordance with the provisions
      hereunder.

     

    1
      Party A
      shall not enter into any consigned management agreement with any third party
      or
      accept management services from any third party without consent of Party
      Bå

     

    2
      Without
      Party B’s prior written consent, Party A shall not supplement or amend its
      articles of association or rules of the company in any manner, nor shall it
      increase or decrease its registered capital or change its shareholding structure
      in any manner;

     

    3
      Party A
      shall prudently and effectively maintain its business operations according
      to
      good financial and business standards;

     

    4
      Without
      Party B’s prior written consent, Party A shall not transfer, mortgage or
      otherwise dispose of the lawful rights and interests to and in its assets or
      incomes, nor shall it encumber its assets and income in any way that would
      affect Party B’s rights and interest hereunder;

     

    5
      Party A
      shall not incur or succeed to any debts, nor shall it provide guarantee for
      or
      permit the existence of any debts, except those that are incurred during its
      normal business operation or agreed to or confirmed by Party B in
      advance;

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    Consigned
      Management Agreement

    
      
        

      

    

     

    6
      Without
      Party B’s prior written consent, Party A shall not enter into any material
      contract (exceeding RMB5,000,000 in value), unless it is necessary for the
      company’s normal business operation;

     

    7
      Without
      Party B’s prior written consent, Party A shall not provide any loans or
      guarantee to any third party;

     

    8
      At
      Party B’s request, it shall provide Party B with all information regarding Party
      B’s business operation and financial condition;

     

    9
      Without
      Party B’s prior written consent, Party A shall not acquire or consolidate with
      any third party, nor shall they invest in any third party;

     

    10
      Party
      A shall promptly notify Party B of any pending or threatened lawsuit,
      arbitration or administrative dispute which involve Party B’s assets, business
      or incomes; and

     

    11
      Without Party B’s prior written consent, Party A shall not commit any act or
      omission that would materially affect Party B’s assets, business or
      liabilities;

     

    12
      Party
      B shall warrant that it has full capacity and resources to provide the services
      as stipulated in Clause I hereunder.

     

     

    VI
      OTHER
      PROVISIONS

     

    1
      All
      taxes and costs or expenses incurred in connection with this agreement, shall
      be
      paid by Party B at its own expenses.

     

    B
      Confidentiality

     

    1
      Any
      information, document, data and material (collectively the “confidential
      information”) obtained in the negotiation, execution, and performance of this
      Agreement, shall be kept in strict confidence by both Parties. Unless otherwise
      provided by laws, regulations and other compelled administrative rules, the
      confidential information shall not be disclosed to any third party without
      obligation of confidentiality, nor
      shall
      the confidential information be used for purposes other than that of this
      Agreement.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    Consigned
      Management Agreement

    
      
        

      

    

     

    2
      The
      obligation of confidentiality shall survive of the termination and expiration
      of
      this Agreement.

     

    C
      Force
      Majeure

     

    1
“Force
      Majeure” refers to any event, condition, situation or the combination of events,
      conditions and situations, which is outside the direct or indirect reasonable
      control of affected Party, and cannot be reasonably anticipated or avoided
      by
      the affected Party, and which prevents or inevitable postpones either Party’s
      performance under this Agreement. Neither Party shall be liable to the other
      for
      any delay or failure to perform its obligation under this Agreement, if such
      failure or delay is due to force majeure. However, the affected Party shall
      promptly notify the other Party in writing of any delay or failure to perform
      due to force majeure. After the force majeure disappears, each Party shall
      continue to perform under this Agreement.

     

    D
      Liability
      of Breach

     

    1
      After
      this Agreement becomes effective, it shall constitute a breach of this
      agreement, if either Party is in non-performance, or incomplete performance
      of
      this Agreement, or is otherwise in default of any of this Agreement. The
      non-breaching Party shall give the breaching Party reasonable time to cure
      any
      default. If the breaching Party does not cure the default within the reasonable
      time, the non-breaching Party shall hold the breaching Party liable for all
      the
      damages resulting from breaching Party’s default. The breaching Party is liable
      for all damages, including economic loss. The breaching Party shall also be
      responsible for the other Party’s attorney fees, litigation and arbitration
      costs incurred as a result of the default. However, the damages shall not exceed
      an amount that can be reasonably foreseen by the breaching Party at the
      execution of this Agreement. 

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    
      Consigned
        Management Agreement

      
        
          

        

      

       

    

    E
      Effective
      Date

     

    1
      This
      agreement is effective on the date of its execution (If it is signed by an
      authorized representative, a power of attorney shall be provided).

     

    F
      Governing
      Law and Dispute Resolution

     

    1
      The
      validity, interpretation, performance and dispute resolution with respect to
      this Agreement, shall be governed by laws of the People Republic of
      China.

     

    2
      Any
      dispute arising from this Agreement including without limitation constitution,
      binding effects, implementation, interpretation, liabilities for breach,
      modification and termination hereof shall be resolved by both Parties through
      consultation If the Parties can not reach an agreement in 30 days after the
      dispute arises, either Party may submit the
      dispute to Beijing Arbitration Commission for arbitration under its applicable
      rules. The arbitration award should be final and binding upon both parties,
      if
      the losing party refuses to enforce the arbitration award, the winning party
      may
      seek enforcement of arbitration award in a PRC court with jurisdiction over
      the
      dispute; and the winning party shall have the right to ask the losing party
      to
      pay for all professional service (including but not limited to legal counsel
      service, arbitration fees, enforcement fees) costs in the course of arbitration
      and other related costs.

     

    3
      During
      the course of dispute resolution, the Parties shall continue to perform other
      terms hereunder .

     

    G
      EffectivenessôModification,
      Cancellation and Termination

     

    1
      The
      Parties shall submit application for approval following the execution of this
      Agreement, and the date on which the approvals from both Parties are granted
      shall be the Effective Date. The Parties shall make the best efforts to obtain
      such approvals within 30 days and give notice to each other by telegram, and
      then make confirmation through letter. Should the Agreement not become effective
      within 6 months as of the date of execution hereof, it shall not bind upon
      both
      Parties; the term for obtaining the approvals may be extended upon the mutual
      consent.

     

    2
      The
      Agreement shall take effect on the Effective Date and shall terminated upon
      (1)
      the Parties’ mutual consent in writing; (2) the acquisition of all equity
      interest, or all(or substantially all ) assets of Party A by Party B or its
      affiliates in accordance with related purchase agreements.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    Consigned
      Management Agreement

    
      
        

      

    

     

    3
      At any
      time 2 months prior to the expiration of this Agreement, each Party may require
      the other Party to conduct negotiation to renew this Agreement and to have
      a
      meeting on the extension of the term hereof. The parties will sign the special
      extension clause.

     

    4
      The
      modification of this Agreement may be conducted through consultation by both
      Parties and become effective through the written agreement, otherwise, the
      Agreement shall be still in effect if the Parties cannot reach an agreement
      on
      the modification.

     

    H
      Miscellaneous

     

    1
      Any
      representation, warranty and undertaking made by one Party to the other Party
      shall be complete and genuine, the other Party shall rely on such
      representation, warranty and undertaking on the execution hereof and treated
      them as the condition precedent. After the effective date, if either Party
      discovers the representation is not complied with facts, it shall disclose
      such
      incompliance immediately to the other Party. Each Party warrants to the other
      Party that all the losses, costs, expenses, or obligations resulted by its
      default of any representation and warranty shall be compensated at its own
      expense. 

     

    2
      Any
      statement, warranty and undertaking shall be separate and independent under
      this
      Agreement, which shall not be limited by any provisions, unless provided
      otherwise.

     

    3
      If any
      provisions of this Agreement is construed as illegal, invalid, or unenforceable
      according to the P.R.C laws, they shall not affect the legality, validity and
      enforcement of other provisions hereof. If any provision is deemed to be
      illegal, invalid, or unenforceable, both Parties shall modify this agreement
      through bona fide negotiation, in the acceptable manner and to the finest extent
      to realize original intentions of the Parties.

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    4
      This
      Agreement constitutes the entire document between the Parties relating to this
      contents hereunder, which together with the appendix, represents both Parties’
genuine intents. This Agreement supersedes all written or oral intentions,
      representations and understandings etc. with respect to subject matters
      hereunder before the execution of this Agreement. 

     

    5
      Unless
      otherwise provided by the laws, either Party’s failure or delay of exercise of
      any right under this Agreement does not constitute a waiver of any right.
      Exercising any right solely or partly shall not preclude the exercise of any
      other right, power or privilege.

     

    6
      All
      headings used in this Agreement are for convenience of reference only, shall
      not
      affect the construction or interpretation hereof.

     

    7
      Except
      otherwise provided under this Agreement, the mentioned article, clause and
      appendix refer to the article, clause and appendix hereunder.

     

    8
      Any
      notice required to be given or delivered to either Party under the terms of
      this
      Agreement shall be in writing and addressed to such Party by personal delivery,
      fax, registered air mail at the address indicated on the first page of this
      Agreement or such other address provided by the Party in writing. All notices
      shall be deemed to have been given or delivered upon by personal delivery,
      fax
      and registered mail. It shall be deemed to be delivered upon: (1) registered
      air
      mail: 5 business days after deposit in the mail; (2) personal delivery: 2
      business days after transmission. If the notice is delivered by fax, it should
      be confirmed by original through registered air mail or personal delivery.
      

     

    9
      Both
      Parties may sign additional Agreement on matters related to this Agreement.
      Such
      supplemental Agreement has the same effect as this Agreement.

     

    10
      All
      appendix of this Agreement shall be an integral part hereof and shall have
      the
      same effect.

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    
      Consigned
        Management Agreement

      
        
          

        

      

       

    

    11
      This
      Agreement is written in both English and Chinese. If the two versions conflict
      in any way, the Chinese version shall prevail. The Agreement is prepared in
      two
      duplicates, each held by one Party. Both Parties may sign the duplicates of
      this
      Agreement.

     

     

     

    

     

     

    

     

     

    [Signature
      Page Only]

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    
      Consigned
        Management Agreement

      
        
          

        

      

       

    

    IN
      WITNESS WHEREOF, the Parties hereto have caused their duly authorized
      representatives to execute this Agreement.

    

     

     

    For
      and
      on behalf of

     

    Party
      A Daqing Sunway Technology Company Limited

     

    

     

      
        

      

    

    Legal
      Representative øor
      his
      authorized representative÷:

     

    

     

    Party
      B Sunway World Through Technology (Daqing) Co., Ltd.

     

    

     

      
        

      

    

    Legal
      Representative øor
      his
      authorized representative÷:

    
      
         

      

      
        17

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