Document:

exh10-34.htm

Exhibit 10.34

Working Capital Loan Agreement

Party A: Zhucheng Ziyang Ceramic Co., Ltd.

Party B: Mingsheng Bank of China Weifang branch

Clause 1 Loan

	
  

	
1.

	
Type: Short term loan

	
  

	
2.

	
The use of loan:  Daily operations

	
  

	
3.

	
Loan  Amount: RMB 8,000,000

	
  

	
4.

	
Loan period: From September 15, 2010 to September 15, 2011.

	
  

	
5.

	
Interest rate:  Interest payable monthly at an annual rate of 6.372%.

	
  

	
6.

	
Interest Settlement: Interest is paid monthly at the 20th of every month. Borrower should pay the interest at every interest settlement day.

	
  

	
7.

	
If borrower doesn’t pay back the principal according to the deadline of agreement, the interest rate of default interest is 50% plus the original interest rate from the overdue date.

	
  

	
8.

	
If borrower doesn’t use the loan according to the agreement, the interest rate of default interest is 100% plus the original interest rate from the date of breach.

Clause 2 Guarantee

Guaranteed by a third party: Shandong Jiashibo Food Co., Ltd.

Guaranteed by related parties: Linbo Chi and Weihong Chen.

Clause 3 Statement and guarantee of borrower

	
  

	
1.

	
Borrower is legal person and get all the approval, permission, registration required for the sign of this agreement.

	
  

	
2.

	
Borrower has prepared all the internal authorization procedures required for this contract.

	
  

	
3.

	
Major disputes won’t exist when both parties sign the agreement.

	
  

	
4.

	
The items of the agreement are in accordance with Chinese regulations and the requirement of lender.

	
  

	
5.

	
Borrower doesn’t have any major liability which didn’t notify the lender.

	
  

	
6.

	
Borrower guarantee that all the information gave to lender is real, complete and valid.

	
  

	
7.

	
Guarantee to use the loan according to the agreement. No appropriation or use the loan to invest.

	
  

	
8.

	
Borrower will accept the survey and supervision of lender regarding to the use of loan and provide relevant files at any time.

	
  

	
9.

	
Cooperate with lender to know the production operation, financial activities, inventories, usage of loan of the borrower, and provide files and information such as financial statements on time.

	
  

	
10.

	
If circumstances which will have harmful influence on the repayment duty occur, borrower must notify lender in writing immediately.

	
  

	
11.

	
If borrower carries out merge, bankrupt or some other behaviors which may cause the change of credit and debt relationship, borrower must notify lender in advance in written. The borrower is not allowed to carry out above-mentioned behavior until the approval of lender and the settle down of debt.

	
  

	
12.

	
During the valid date of this agreement, if borrower changes location, name or management staff, borrower must notify sender in writing within seven days of change.

  

  

  

 

	
  

	
13.

	
If guarantor of this agreement lost the guarantee capability, or the value of guaranty decreases, borrower must provide lender with other guarantee measures upon approval of lender.

	
  

	
14.

	
If borrower needs to transfer the debt to third party, borrower must get the written approval of lender.

	
  

	
15.

	
Guarantee that it has good credit and operation.

Clause 4 The rights and obligations of lender

	
  

	
1.

	
Guarantee the agreement has obtained authorization.

	
  

	
2.

	
Give loan to borrower according to the agreement on schedule and in full amount

	
  

	
3.

	
Maintain confidentiality of the borrower’s information, such as financial statement and production management.

Clause 5 Responsibility of breach of contract

Below are the behaviors regarded as the breach of contract of borrower

	
  

	
1.

	
Due to the borrower or guarantor, guarantor doesn’t conduct the guarantee procedures of this agreement, or borrower doesn’t conduct withdraw procedures, if over 30 days of the withdraw day of the agreement, lender has rights to collect penalty or terminate the agreement.

	
  

	
2.

	
Borrower doesn’t pay back the amount according to the agreement

	
  

	
3.

	
Borrower provides fake financial statements, or refuses lender to supervise the usage of loans

	
  

	
4.

	
Borrower doesn’t fulfill the duty of agreement, or guarantor violates the duty of guarantee agreement.

	
  

	
5.

	
Borrower violates any item of clause 3

	
  

	
6.

	
Borrower doesn’t use the loan according to the agreement

	
  

	
7.

	
If some changes harmful to creditor’s rights occurred, or guarantor of this agreement lost the guarantee capability, or the value of guaranty decreases, borrower doesn’t provide new guarantee according to the requirement of lender.

	
  

	
8.

	
Significant changes of financial situations of borrower.

	
  

	
9.

	
Borrower evades the requirement of entrusted payment.

	
  

	
10.

	
The bank account of borrower is frozen by relevant authority, or borrower gets involved with lawsuit, may have harmful impact on the fulfillment of duty of borrower.

	
  

	
11.

	
Other significant changes occur, borrower can’t remedy within the required period of lender.

If the borrower breaches the agreement, lender has rights to stop providing loans or take back provided loans in advance.

If lender file lawsuit to protect creditor’s right due to the breach of contract of borrower, borrower must pay for the expenses of lawsuit, travel expenses and other expenses.

Party A: Zhucheng Ziyang Ceramic Co., Ltd.

Legal Representative Signature: /s/ Lingbo Chi

Party B: Mingsheng Bank of China Weifang branch

Legal Representative Signature: /s/ Jie Ma

September 15, 2010exh10-35.htm

Exhibit 10.35

Loan Agreement

Party A: Zhucheng Ziyang Ceramic Co., Ltd.

Party B: Zhucheng Dazhong Hospital

	
  

	
1.

	
Type: Short term loan

	
  

	
2.

	
Loan  Amount: RMB 20,000,000

	
  

	
3.

	
Loan period: 1 year. From October 29, 2010 to October 28, 2011.

	
  

	
4.

	
Usage: Normal operations.

	
  

	
5.

	
Interest rate:  1% monthly. Collect interest once every six month.

	
  

	
6.

	
Guarantee items: Pledged by property, plant and equipment

	
  

	
7.

	
If Party B can’t pay back at the due date, the interest will be doubled until appeal lawsuit.’

Party A: Zhucheng Ziyang Ceramic Co., Ltd.

Legal Represntative Signature: /s/ Lingbo Chi

Party B: Zhucheng Dazhong Hospital

Legal Represntative Signature: /s/ Peikai Zhao

Oct.29, 2010

  

  

  

Loan Agreement

Party A: Zhucheng Ziyang Ceramic Co., Ltd.

Party B: Zhucheng Dazhong Hospital

	
  

	
8.

	
Type: Short term loan

	
  

	
9.

	
Loan  Amount: RMB 20,000,000

	
  

	
10.

	
Loan period: 1 year. From October 31, 2011 to November 30, 2012.

	
  

	
11.

	
Usage: Normal operations.

	
  

	
12.

	
Interest rate:  1% monthly. Collect interest once every six month.

	
  

	
13.

	
Guarantee items: Pledged by property, plant and equipment

	
  

	
14.

	
If Party B can’t pay back at the due date, the interest will be doubled until appeal lawsuit.

Party A: Zhucheng Ziyang Ceramic Co., Ltd.

Legal Represntative Signature: /s/ Lingbo Chi

Party B: Zhucheng Dazhong Hospital

Legal Represntative Signature: /s/ Peikai Zhao

Oct.31, 2011exh10-36.htm

Exhibit 10.36

Guaranty and Pledge Agreement

Creditor: Agricultural Bank of China, Zhucheng Branch

Guarantor: Zhucheng Zi Yang Ceramics Co., Ltd.

In order to ensure the implementation of short-term loan contract between creditor and Zhucheng Chun Guang Electronics Co., Ltd, guarantor is willing to provide secured guarantees for the claims of creditors. According to P.R China contract law and related regulations, both parties agreed to enter into this pledge agreement.

1. The main bond secured is the normal short-term enterprise loan; the total amount is RMB 15 millions.

2. Guarantor will guarantee the claims of principles, interests, penalties, compounding interests, security deposit, arbitration fees and related legal fees,

3. Guarantor has the joint responsibility for debt. If there are multiple guarantors in this contract, each one will have the same joint pledge responsibility for creditor.

4. Guarantee period: 1) it’ll be 2 year since the date after loan is expired 2) For commercial draft, reduce of secured deposit and pledge agreement, it’ll be 2 years since creditor prepay the loan. 3) for the discontinued commercial bills, it’ll be 2 years since expiration date of commercial draft 4) if creditor extend the loan, guarantor will still conduct the guarantee 2 years after the expiration of extended loan 5) if creditor terminates loan contract in advance, guarantee period will be 2 years after termination date.

5. guarantor’s commitment : 1) guarantor has adhered to related law and regulations to get authorization. 2) guarantor has provided official and integrated financial statements, articles of association  and other related documents and information; and guarantor will be supervised and inspected by creditor. 3) if debtor breaches loan contract, guarantor is willing to perform obligations of grantee. 4) if guarantor doesn’t conduct any pledge obligation, creditor has right to withdraw principle from any bank accounts in Agricultural bank of China 5) under following situations, guarantor shall notify in written way:

A: guarantor changes its address, name, contact information and legal representative;

B: guarantor changes company structure, affiliation, management board and articles of association

C: guarantor experiences financial deficit, operational difficulties and any legal contingencies

D: guarantor suspends operation for rectification or bankrupts

E : guarantor is suspend its licenses or dismissed

F: Any other situations which will influence creditor adversely

6). Under following situations, guarantor shall notify creditor and get written permission from creditor 15 day earlier: A: guarantor change its capital structure or management system, including but not limited to: contract leasing, reform of shareholding structure, division, merger, joint ventures, transferring of assets, application for settlement or bankruptcy; B: guarantor pledges for the third party or itself by its assets

6. Performance of guaranteed obligations 1) under following situations, creditor has right to require guarantor to perform pledge in advance: A: debtor doesn’t pay back loan after expiration of loan contract B: debtor or guarantor are adjudged bankruptcy or arbitration; C: debtor or guarantor are suspended to dismiss or evocate D: debtor or guarantor die or disappear E:guarantor breaches obligations of pledge agreement F: Any other situations which will influence creditor adversely; 2) if the loan has been escorted by other collateral assets or the third guarantor, creditor still could ask guarantor to conduct guaranteed obligations to get all or partial loan. 3) if debtor give up collateral assets, guarantor agrees to continue to perform guaranteed obligations 4) if pledge obligation is not limited to loan in this contract, and guarantor are not able to pay back all the pledged debts, creditor has the right to decide pay sequence. 5) according to this contract, creditor shall perform set-off rights on guarantors. Setting – off sequence is decided by creditor.

7. Breach of Contract: 1) if creditor doesn’t conduct responsibilities in contract, creditor shall pay back related loss for guarantor. 2) Guarantor shall pay the penalty (% of loan ) to creditor if guarantor doesn’t get authorization right, provide financial information and related documents  and notify creditor on time ( term 5&6)

8. When creditor performs set-off and termination rights, guarantor shall oppose within 7 days since notification

9 Any disputes arising from this contract shall be solved by arbitration or litigation to related civil courts.

10 there are 3 copies of this contract, each party has one.

Signed by creditor   :/s/ Agricultural Bank of China, Zhucheng Branch

Signed by guarantor: /s/ Lingbo Chi

Oct 7, 2010

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