English Summary of Maximum Amount Guarantee Agreement

English Summary of Maximum Amount Guarantee Agreement

Contract No.: (2009) China Citic Bank Jinan Branch YinBaozi 25000200900005

The Guarantor: Qingdao Free Trading Zone Sentaida International Trade Co., Ltd (“F.T.Z. Sentaida”)

The Creditor: China Citic Bank Jinan Branch (“the Bank”)

The Debtor: Shandong Huitong Tire Co., Ltd

1.

The maximum principal amount of the Debtor’s indebtedness guaranteed by the Guarantor is RMB20,000,000. The term of the Underlying Contract is from March 13, 2009 to March 13, 2010.

2.

Within the maximum guaranteed amount and the time defined above all loan agreements signed by and between the Debtor and the Bank are deemed to be a part of the Underlying Contract.

3.

The Guarantor has the joint guarantee liability for the Debtor’s indebtedness under the Underlying Contract. When the Debtor is in default of its repayment obligation , the Bank has the absolute right to require the Guarantor to assume the repayment obligation no matter whether the Bank has any other guarantee to the indebtedness (including but not limited to guarantee letter, collateral, pledge, stand by letter of credit).

4.

The term of the guarantee is two years starting from the due date of the indebtedness.

5.

Any interest, compound interest and interest penalties relating to the principal and any expenses relating to implementation of the Bank’s rights (including, but not limited to lawyer fee, travel expense, evaluation fee, auction fee, fee of transfer of ownership, and enforcement fee etc.) are all guaranteed by the Guarantor.

6.

The Guarantor hereby represents as follows:

(

1)

The Guarantor is duly organized and validly existing and legally qualified to sign and to execute this Agreement;

(

2)

The Agreement reflects the genuineness of assent of the Guarantor; and the Guarantor understand the agreement completely;

(

3)

All documents, materials and certificates provided by the Guarantor are true, complete and accurate. Except as disclosed to the Bank, there is no undisclosed material indebtedness, material breach of contracts, material litigation or material arbitration of the Guarantor that may adversely affect the enforcement of the Agreement.

7.

The Guarantor’s rights and obligations:

(

1)

Provide all true and valid documents to the Bank with respect to its legal identity;

(

2)

During the term of this Agreement, the Guarantor shall provide written notice to the Bank within 7 days after the Guarantor changes its domicile, name, telephone, facsimile, address or its legal representative;

(

3)

When the Debtor is in default of its repayment obligation, the Bank has the absolute right to require the Guarantor to assume the repayment obligation;

(

4)

The Guarantor should provide to the Bank its financial statements and other relevant documents periodically or upon the request from the Bank;

(5)

During the term of this Agreement, the Guarantor should give written notice 30 days in advance if any of the following events occurs: common stock transferring, reorganization , acquisition, change of business scope, disposition of significant amount of assets, change of registered capital, entry into material lease agreement, and the establishment of a joint venture.

(6)

If any of following events occurred during the term of the Agreement that will adversely impact the Guarantor’s financial condition or its ability to fulfill this Agreement, the Bank shall be informed within three days after the event occurred. Those events include but not limited to dis