Common use of Warrants, Representations and Covenants of the Transferor Clause in Contracts

Warrants, Representations and Covenants of the Transferor. 5.1 In addition to the information disclosed in this Agreement, the Transferor shall warrant, represent and covenant to the Transferee under terms and conditions stipulated in Exhibit IV, which also constitute the base for the Transferee to accept such shares for transfer. 5.2 The Transferor covenants that the Transferee’s profits after tax in 2007 audited by US Auditors shall reach three levels: RMB6,000,000, RMB8,000,000 and RMB10,000,000. If profits after tax reach RMB6,000,000, the Transferee shall release shares pledge of the Transferor equivalent to RMB5,000,000; if Link Billion and HiEasy reach profits after tax of RMB8,000,000, the Transferee shall release shares pledge of the Transferor equivalent to RMB7,000,000; and if Link Billion and HiEasy reach profits after tax of RMB10,000,000, the Transferee shall release shares pledge of the Transferor equivalent to RMB10,000,000. The Transferor also covenants that the Transferor’s profits after tax in 2008 which are audited by US Auditors shall reach three levels: RMB11,000,000, RMB13,000,000, and RMB15,000,000. If Link Billion and HiEasy reach profits after tax of RMB11,000,000, the Transferee shall release shares pledge of the Transferor equivalent to RMB7,500,000; if Link Billion and HiEasy reach profits after tax of RMB13,000,000, the Transferee shall release shares pledge of the Transferor equivalent to RMB10,000,000; and if Link Billion and HiEasy reach profits after tax of RMB15,000,000, the Transferee shall release shares pledge of the Transferor equivalent to RMB15,000,000.

Warrants, Representations and Covenants of the Transferor. 5.1 In addition to the information disclosed in this Agreement, the Transferor shall warrantwarrants, represent represents and covenant covenants to the Transferee under terms and conditions stipulated in Exhibit IV, which also constitute the base for the Transferee to accept such shares the Shares for transferTransfer. 5.2 The Transferor covenants to the Transferee that the Transferee’s profits after tax in 2007 audited by US Auditors shall reach three levels: RMB6,000,000RMB20,000,000, RMB8,000,000 RMB22,500,000 and RMB10,000,000RMB25,000,000. If profits after tax reach RMB6,000,000RMB20,000,000, the Transferee shall release pledged shares pledge of equivalent to USD1,100,000 to the Transferor equivalent to RMB5,000,000or its designee; if Link Billion and HiEasy reach Minking reaches profits after tax of RMB8,000,000RMB22,500,000, the Transferee shall release pledged shares pledge of equivalent to USD2,200,000 to the Transferor equivalent to RMB7,000,000or its designee; and if Link Billion and HiEasy reach Minking reaches profits after tax of RMB10,000,000RMB25,000,000, the Transferee shall release pledge shares pledge of equivalent to USD3,213,368 to the Transferor equivalent to RMB10,000,000or its designee. The Transferor also covenants to the Transferee that the TransferorMinking’s profits after tax in 2008 which are audited by US Auditors shall reach three levels: RMB11,000,000RMB30,000,000, RMB13,000,000RMB32,500,000, and RMB15,000,000RMB35,000,000. If Link Billion and HiEasy reach Minking reaches profits after tax of RMB11,000,000RMB30,000,000, the Transferee shall release pledged shares pledge of equivalent to USD1,100,000 to the Transferor equivalent to RMB7,500,000or its designee; if Link Billion and HiEasy reach Minking reaches profits after tax of RMB13,000,000RMB32,500,000, the Transferee shall release pledged shares pledge of equivalent to USD22,000,000 to the Transferor equivalent to RMB10,000,000or its designee; and if Link Billion and HiEasy reach Minking reaches profits after tax of RMB15,000,000RMB35,000,000, the Transferee shall release pledged shares pledge of equivalent to USD3,213,367 to the Transferor equivalent to RMB15,000,000or its designee.