Summary of Contract of Principle Secured Loan Agreement

Lender: Nanjing City Commercial Bank

Borrower: Goldenway Nanjing Garments Co., ltd.

Amount: Authorized amount up to $6.41 million

Maturity: within 24 months

Interest: 0.4875% per month

Security: Secured by land and the completed constructions of new facilities

Executed: August 15, 2006