Equity      Transfer Agreement

| Whereas                               |
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| 1.                     | Dalian                Dongtai Xiajiahe Waste Water Recycling Co., Ltd. (hereinafter referred                to                as “Dongtai Water”) is a company incorporated under the People’s Republic                of China and having its registered office at Xiajiahe Village, Gezhenpu,                Ganjingzi District, Dalain. Its registered number is                D.G.S.Q.F.Z.2102001108052.The registered capital of Dongtai Water                is ¥14,000,000. |
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| 2.                     | The                transferor is a legal sharehold of Dongtai Water on the date which                the                agreement undersigned and it invested å11,480,000 in Dongtai Water which                accounted for 82% of its registered capital. |
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| 3.                     | Upon                friendly negotiation between transferor and transferee, both parties                agrees that the transferor transfer 62% of the share it holds to                transferee by entering into this agreement on equal and voluntarybasis. |
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| 1.                     | Equity:                All rights for shareholder by virtue of rendering registered capital                and                therefore become a shareholder of a company under the laws of P.R.                China                includes, but not limited to rights on beneficial interest, material                decision-making and chosen of administrative                representatives. |
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| 2.                     | Effective                Date F                The date on which this agreement become valid legally and binding                to both                parties.                                                                                                                                                                                                                                 |
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| 3.                     | Execution                Date: The date on which this agreement is undersigned by legal                representatives of each party and sealed.                                                                                                                                                                                                                                                      |
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| 4.                     | Registered                Capital: The total investment registered with regulatory                authority.                                                                                                                                                                                                                                                                                          |
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| 5.                     | Subject-matter                of contract: 62% shares of Dongtai Water held by                transferor.                                                                                                                                                                                                                                                                                             |
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| 6.                     | Laws                and regulations: Laws and regulations had been issued before the                effective                date of this agreement by central government of P.R.C. and/or individual                divisions of central government includes, but not limited to Company                Law                of P.R. China and Contract Law of                P.R.China.               |

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NOW,      THEREFORE, THE PARTIES HAVE AGREED AS FOLLOWS: 

| 1. | Transfer                of interest |
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| 1.1 | Subject                -matter of contract |
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| 1.2 | Base                day |
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| 1.3 | Transfer                price: ¥86,800,000 |
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| 1.4 | Deadline: |
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| 2.1.1                     | The                transferor is the sole legal owner of the subject-matter of contract                and is qualified to disposal of the subject-matter of contract. |
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| 2.1.2                     | The                transferor has never signed legal documents in any form or disposed                full                or part of subject-matter of contract herein in any form permitted                by Law                of P.R.China, which includes, but not limited                to impawn, transfer, trust, release full or part of rights arising                from                subject-matter of contract. |
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| 2.1.3                     | Transferor                shall not undersign legal document with third party in any form or                disposed full or part of subject-matter of contract herein in any                form                permitted by Law of P.R.China, which includes, but not limited to                impawn,                transfer, trust, release full or part of rights arising from                subject-matter of contract after the signing of the agreement                herein.             |
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| 2.1.4                     | Transferor                warrants that the subject-matter of contract is in accordance with                regulatory laws for transferring on and after the sign of the agreement                herein and no restrictions by virtue of transferor or any other third                party will hinder share transfer, which includes, but not limited                to                frozen measures applicable to subject-matter of contract herein conducted                by judicial body. |
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| 2.1.5                     | Transferor                warrants offering active assistance to transferee upon signing of                this                agreement includes, but not limited to modification of company bylaw,                reconstruction of Board of Directors, filing amendment documents                with                relating authorities.                                                                                                                                                         |
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| 2.1.6                     | Transferor                warrants offering full set of documents and information of Dongtai                Waster                includes, but not limited to financial positions, operating conditions,                project development.                                                                                                                                                                                                                                                         |
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| 2.1.7                     | Transferor                warrants all licenses, approvals and authorizations that are                necessary to operation of Dongtai Water prior to transfer between                transferor and transferee are still valid and there is no potential                risks                relating to all invalidity of these documents preceding the                transfer.                                                                                                                   |

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| 2.1.8                     | Transferor                warrants there are no existing or contingent liabilities other than                those                explicitly indicated.                                                                                                               |
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| 2.1.9                     | Transferor                warrants bearing all litigations or arbitrations arising from affairs                occur prior to the closing date.                                                                                                                       |
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| 2.2                       | Transferee                acknowledges and warrants                                                                                                                                                                                                                   |
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| 2.2.1                     | Transferee                is in consistence with regulatory laws as to accept subject-matter                of contract prior to transfer and therefore there is no restriction                by                virtue of transferee will hinder the share transfer. |

| 2.2.2 | Transferee                has sufficient fund to purchase subject-matter of contract and it                will                make the payment to transferor at transfer price as stated in the                agreement. |
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| 3.1 | From                    the effective date of this agreement, transferor will lose 62%                    of Dongtai                    Water shares and will no longer have rights and/or obligations                    on this                    part of ownership. Transferee will have benefits on new proportion                    of                    Dongtai Water share and corresponding                    obligations under relating laws of P.R.China and bylaws of Dongtai                    Water. |
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| 3.2 | Within                    three days upon sign of this agreement, transferor and transferee                    should                    convene Board Meeting and shareholders Meeting to inspect and                    approve                    modifications made to company                    bylaws. |
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| 3.3 | Within                    thrity                    days                    upon sign of this agreement, transferor and  transferee                    should jointly perform reorganization of board of  directors                    and complete all legal documents as to share transfer.  |
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| 3.4 | Dongtai                    Water shall register with Industrial and Commercial Administration                    Bureau                    relating to this share transfer under item 3.3  herein                    in accordance with regulatory laws on                    time. |
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| 4.1 | This                    transfer agreement is strictly confidential between the parties                    and neither                    of them shall disclose information obtained through the agreement                    includes                    but not limited to operating conditions, financial positions,                    trade                    secret, know how of transferor, transferee and Dongtai Water                    to other                    party, except where and to the extent it is necessary under explicitly                    stated by regulatory laws or relating authority. |
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| 4.2 | Transferor                and transferee shall make the transfer transaction publicly available                in unified form to ensure none of the parties experience damage in                goodwill. The parties shall at all times treat as confidential and                not                disclose to any third party without the prior consent of the other                neither                in oral or written manner. |
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| 5.1                       | The                effective date shall be the day on which all following documents                are                finished: |
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| 5.1.1                     | This                agreement will come into force on the date stated at the beginning                of this                agreement upon signature. |

| 5.1.2                     | Transferor                shall fulfill all responsibilities to transferee prior to the effective                date as indicated herein. |
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| 5.1.3                     | Transferee                shall fulfill all responsibilities to transferor prior to the effective                date as indicated herein. |

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| 6.1                     | Force                majeure means any foreseeable events (hereinafter referred to as“event”                or “events”) beyond the parties' control which prevent the performance of                any obligation under this contract. Force majeure includes, but is                not                limited to, strike, embargo, acts of government, riots, war, whether                declared or not declared, mobilization and requisition, fires,                floodsD |
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| 6.2                     | Should                any party be directly prevented from performing this contract                or be delayed in performing this contract by any event of force                majeure, the affected Party may suspend but the suspending period                shall be                equal to how long the unforeseeable event last. The party delayed                by such                event shall notify the other party without delay within two                days                in written thereafter, provide detailed information regarding the                events                of force majeure and sufficient proof thereof, explaining the reason                for                its inability to perform or the delay in the performance of this                contract.                The party place such notice shall minimize the influence and potential                losses caused by the event to best of its                ability. |

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| 6.3 | Shall                  disputation arising from the occurrence of event herein or impact                  on                  performance of this agreement caused by event between the parties,                  the                  party who applies for suspension is obliged to the burden of                  proof. |
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| 6.4 | In                  accordance with influence of Force Majeure, the party could not                  perform                  this agreement may exempt partially or fully from liability by                  virtue of                  Force Majeure. The party will not be free of liability in case                  the event                  occurs after the postponement. |
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| 7.1 | Shall                  any party herein in breach of acknowledgements, warrants and                  other obligations, it shall bear the liability and make indemnities                  to the                  other party if there are losses caused by it. The indemnities includes,                  but not limited to all expenses of proceedings                  and solicitors. |
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| 7.2 | If                  transferor in breach of any obligation, acknowledgements and warrants                  of                  the agreement, it shall pay the penalty ( % of total transfer price)                  to                  transferee. If transferor can not transfer subject-matter of contract                  to                  transferee, it shall refund all payment make to transferor and                  render                  indemnities all direct and indirect losses to transferee, which                  includes,                  but not limited to all expenses of proceedings and solicitors for                  this) |
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| 7.3 | If                  transferee in breach of any obligation, acknowledgements and warrants                  of                  the agreement, it shall pay the penalty ( % of total transfer price)                  to                  transferor. Transferee renders indemnities all direct and indirect                  losses                  to transferee, which includes, but not limited to all expenses                  of                  proceedings and solicitors for                  this) |
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| 7.4 | Shall                  transferee unilaterally terminate this agreement after effective                  date                  illegally, transferor maintains the right to require penalty (%                  of total                  transfer price). Shall transferor unilaterally terminate this agreement                  after effective date illegally, transferee maintains the right                  to require                  penalty (% of total transfer                  price). |
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| 7.5  | Transferee                  remains the right to terminate this agreement if the transferor                  did not                  assist transferee complete all legal procedures includes, but not                  limited                  to registration of modification within days after this agreement                  come into                  force. Transferor should refund                  all fund paid by transferee and render indemnities of all direct                  or                  indirect losses arising from this includes, but not limited to                  all                  expenses of proceedings and solicitors for this. |
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| 8.1 | Amendment                  of Agreement |
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| 8.2 | Partition                    ability |
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| 8.3 | Integrity                of the agreement |
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| 8.4 | Disputation                Resolution |
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| 8.5 | Appendices |
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| 8.6 | Miscellaneous |
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| Signatory                Parties:              |   |                                                |
|-----------------------------------------------------|--------|-----------------------------------------------------|
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| Transferor:                                    |   | Transferee:                                    |
| Legal                Representative:           |   | Legal                Representative:           |
| (or                authorized representative)  |   | (or                authorized representative)  |

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