Exhibit 10.9


 


Translation


 


LOAN
CONTRACT (in RMB) 

Contract No. XD-2014-SHUOJIE-001


 


The Borrower:
Jinshang International Financial Leasing Co., Ltd.


Business
license number: 110000450099763


Legal representative:
MU Renhui


	Address:	2 Xizhimen Nanda Street, B8-18G, Xicheng District, Beijing City,
    PR. China.










	Bank:	Bank of China, Zhenhua Street Branch, Shuozhou City







	Tel:	010-82255118
	Fax:	010-82255118-802




 


	The Lender:	Bank of China, Shuozhou Branch







	Legal representative/Officer-in-charge:	HAN Yuhui







	Address:	19 Kaifanan Road, Shuozhou City, Shanxi Province. PR. China.







	Tel:	0349-8855880
	Fax:	0349-8855883




 


Through
fair consultation, it is agreed between the Borrower and the Lender that pursuant to the contract which was entered into between
the Borrower and Tong Coal Zheneng Majialiang Coal Industry Company Limited (Contract number: JS201414-RZ-001, the financial leasing
agreement), the Lender shall grant the loan to the Borrower as follows:


 


	1.	Currency and amount of the Loan







	 	Currency:	Renminbi
	 	Amount:	Renminbi 500,000,000.00 Yuan
	 	 	Five
hundred Million Renminbi Yuan.




 


	2.	Loan period




 


	 	Loan Period:	The Loan period of each drawdown of the Loan shall not exceed 5 years as
from the date of the first drawdown.







The
Borrower shall make drawdowns according to the agreed schedule and if the Borrower makes the drawdowns on the date later than
the agreed schedule, the Borrower shall still be obliged to repay the Loan on schedule.


 


	3.	Loan usage




 





	 	Loan
usage:	The Loan usage is for the Borrower to buy the sold leased back asset from Tong Coal Zheneng Majialiang Coal Industry Company Limited.





Without
the Lender’s consent in writing, the Borrower shall not change the Loan usage, including but not limited to, for investments
in stock and other securities, real estates, projects prohibited by any laws and rules, policy forbidden and disapproved projects
and projects which are not supported by bank loans.


 






    	 



    	 



    







 


	4.	Loan interest rate and interest rate determination




 


	 	1)	Loan interest rate




 


The
Loan interest rate is determined with reference to the announced lending rates of the People’s Bank of China for 1-5 years.


 


The
Loan interest rate shall be adjusted once annually as from the second year of the Loan period.


 


Adjustments
of Loan interest rates shall depend on whether there are changes of the announced lending rates of the People’s Bank of
China for 1-5 years. Loan interest rate may be adjusted on the day of the anniversary of the first drawdown of the Loan. There
shall be no adjustment to the Loan interest rate if there is no change of the announced lending rates of the People’s Bank
of China for 1-5 years and if as at the date for adjustment, there are changes of the announced lending rate of the People’s
Bank of China for 1-5 years, the Loan interest rate shall be adjusted according to the changes of the lending rates during the
corresponding period. If the date for adjustment falls on a bank’s non-business day, the Loan interest rate shall be adjusted
on the business day immediately prior to the bank’s non-business day. If the announced lending rates of the People’s
Bank of China are no longer suitable for determination of the Loan interest rates, the Borrower and Lender may, by friendly consultation
agree upon a mechanism for the determination of the Loan interest rates failing which the Borrower may elect to early repayment
of the Loan and if the Borrower does not elect an early repayment of the Loan, the Loan interest rates shall be determined by
the Lender.


 





	 	2)	Interest Computation


 


Interest
will be charged as from the date of the actual drawdown of the Loan and calculated on basis of the drawdown amount and the number
of actual days of the borrowed amount.


 


The
formula of interest computation: Interest = borrowed amount x actual number of days of the borrowing interest rate per day.


 


The
interest rate per day is calculated on 360 days per year basis and the formula is: Interest Rate per day = Interest rate per annum
/ 360


 


	 	3)	Interest settlement method




 


The
Borrower shall settle interest payments every three months and on the 21st day of March, June, September and December of the year.
If the interest settlement day falls on a statutory holiday or a public rest-day, the interest settlement shall be made on the
working day immediately prior to the statutory
holiday or the public rest-day.


 






    	 



    	 



    

 


According
to Clause 7 hereof, if the Loan repayment day does not fall on the interest settlement day, the Loan repayment day shall also
be the interest settlement day on which day, the Borrower shall re-pay the Loan and pay the accrued outstanding interest.


 





	 	4)	Penalty


 


		(1)	If
                                         Borrower fails to re-pay the Loan and interest thereon on schedule, the Borrower shall
                                         pay an overdue penalty interest on the overdue amount as from the overdue day to the
                                         day of settlement of the Loan and the overdue interest. Overdue penalty interest shall
                                         be 30% in addition to the Loan interest rate stipulated in Clause 1 hereof.



 


		(2)	If
                                         the Borrower uses the Loan not according to the agreed usage, the Borrower shall pay
                                         an embezzled penalty interest on the embezzled part of the Loan from the day of embezzlement
                                         to the day of the full settlement of the outstanding Loan and interests.



 


Embezzled
penalty interest shall be 50% in addition to the Loan interest rate stipulated in Clause 1 hereof.


 


		(3)	For
                                         the overdue and embezzled Loan amount, the Borrower shall pay the interest thereon according
                                         to the embezzled penalty interest rate.



 


		(4)	If
                                         Borrower fails to pay interest on time according to Sub-Clause 3 of this Clause, the
                                         Borrower shall pay the overdue interest which shall be a compound interest rate on the
                                         Loan interest rate stipulated in Clause 1 hereof. If the Loan is overdue, borrower shall
                                         pay a compound penalty interest pursuant to this Clause.



 


		(5)	In
                                         the circumstance that the agreed composite interest rate is adjusted, the penalty interest
                                         and compound interest rates shall be adjusted accordingly as from the date of the composite
                                         interest rate being adjusted and shall be computed on periodical basis.



 


	5.	Conditions precedent of drawdowns




 


The
Borrower May make drawdowns of the Loan upon the following conditions being satisfied:


 


		(1)	This
                                         Contract and attachments when signed shall become effective.



 


		(2)	The
                                         financial leasing contract between the Borrower and Tong Coal Mine Group Zheneng Majiangliang
                                         Coal Company Limited had been executed and the certified true copies thereof had been
                                         provided to the Lender.



 






    	 



    	 



    




 


		(3)	The
                                         financial leasing income transfer agreement between the Borrower, Tong Coal Mine Group
                                         Zheneng Majiangliang Coal Company Limited and the Lender had been executed and became
                                         effective.



 


		(4)	The
                                         financial supervision agreement between the Borrower, Tong Coal Mine Group Zheneng Majiangliang
                                         Coal Company Limited and the Lender had been executed and became effective.



 


		(5)	The
                                         Borrower has provided to the Lender with photocopies of the business license and identification
                                         proof of the authorized representative of the Borrower.



 


		(6)	The
                                         Borrower and Tong Coal Mine Group Zheneng Majiangliang Coal Company Limited have successfully
                                         opened the requisite bank accounts for the purpose of this Contract with the People’s
                                         Bank of China at its Shouzhou Zhenghua Jie Branch.



 


		(7)	The
                                         Borrower has provided the board resolutions or consent of the authorized division of
                                         the Borrower approving the entering into and carrying out of this Contract and the specimen
                                         signatures and documentary proofs of the usage of the Loan which shall be provided within
                                         10 days of the drawdown.



 


		(8)	The
                                         Borrower shall submit a written drawdown notice two bank working days before the drawdown.



 


		(9)	The
                                         execution of this Contract shall be witnessed and verifications of the above mentioned
                                         documents shall be signified by the responsible person of the Bank of China at its Shuozhou
                                         Branch.



 


		(10)	Issues
                                         as required by law and agreed by the parties.



 


The
Lender reserves the right to reject a drawdown application of the Borrower on the above conditions being not satisfied other than
that the Lender approves the drawdown notice.


 


	6.	Drawdown schedule and method




 


Upon
the Borrower having satisfied the conditions under Clause 5 of the Contract, the Borrower may make drawdown of the Loan according
to the following drawdown schedule and method:


 


		1)	Within
                                         one month from March 25, 2015, the Borrower shall complete a drawdown of the Loan which
                                         notice shall be made in writing and the Loan shall not be used without the consent of
                                         the Lender and the total drawdown amount shall not exceed the Loan amount stipulated
                                         in Clause 1 hereof.



 


		2)	The
                                         Lender shall have the right to reject the Borrower’s drawdown application on lapse
                                         of time for drawdown as mentioned above.



 






    	 



    	 



    

 


	7.	Repayment schedule




 





		1)	The borrower shall repay the Loan on the following
                                                                                                                                                                                                                repayment schedule except
the Borrower and the Lender agree otherwise:


 





	 	REPAYMENT DATE	 	REPAYMENT AMOUNT

(IN RENMINBI)	 
	 	September 21, 2015	 	 	12,500,000.00	 
	 	March 21, 2016	 	 	12,500,000.00	 
	 	September 21, 2016	 	 	12,500,000.00	 
	 	March 21, 2017	 	 	12,500,000.00	 
	 	September 21, 2017	 	 	12,500,000.00	 
	 	March 21, 2018	 	 	12,500,000.00	 
	 	September 21, 2018	 	 	12,500,000.00	 
	 	March 21, 2019	 	 	12,500,000.00	 
	 	September 21, 2019	 	 	200,000,000.00	 
	 	March 21, 2020	 	 	200,000,000.00	 





 


If
the Borrower intends to make changes to the repayment schedule, the Borrower shall make application to the Lender in writing at
least 15 bank working days before the scheduled repayment day and the Lender and the Borrower shall agree to the changes of the
repayment plan in writing.


 


		2)	Except
                                         as agreed otherwise, if the Loan amount and interest accrued thereon remain in arrear,
                                         the Lender shall have the right to determine the preference order of repayment. In the
                                         case that more than one repayment being overdue, the Lender shall have the right to determine
                                         the preference order of repayments and in the case that there are more than one Loan
                                         contract between the Lender and the Borrower, the Lender shall have the right to determine
                                         the preference order of contracts execution.



 


		3)	Except
                                         as agreed otherwise, the Borrower may make early prepayment of the Loan by giving a written
                                         notice to the Lender 7 working days before the making the repayment and approval shall
                                         obtained from the Lender. The Borrower shall compansate the Lender at 0.5% on the early
                                         repaid amount. The early prepaid amount shall be applied in reverse order to repay the
                                         last repayment amount of the Loan. The Borrower shall not make a fresh drawdown on the
                                         early repaid amount.



 


		4)	On
                                         the repayment date, the Lender shall have the right to collect each repayment and interest
                                         from the special bank account of the Borrower as follows:



 


Account
name:   Jinshang International Financial Leasing Company Limited.

Account number:   147983002569


Bank
name:   the Bank of China, Shuozhou Branch


 






    	 



    	 



    

 


	8.	Representation and Warranties




 


	 	1)	The Borrower represents and warrants as follows:




 


		(1)	The
                                         Borrower is legally registered and existing and the Borrower has the entire civil capacity
                                         to sign and execute this Contract.



 


		(2)	The
                                         Borrower has genuine intention to sign and perform this Contract and has obtained lawful
                                         and effective authority for the execution of the Contract pursuant to its charter and
                                         internal regulatory documents. This Contract shall have binding effect and will not breach
                                         other contracts, agreements and other legal documents which the Borrower has entered
                                         into. The Borrower has obtained or will obtain the required approval, permits, filing
                                         or registration relating to this Contract.



 


		(3)	The
                                         Borrower agrees to provide to the Lender all documents, receipts (including but not limited
                                         to purchase orders and project invoices), seal, name list of related persons, specimen
                                         signatures, financial statements, certificates and other documents and warrants that
                                         they are true, complete, accurate and effective.



 


		(4)	The
                                         Borrower warrants that it is not involved in any anti-social activities and warrants
                                         that the trade background presented in its application to the Lender for the Loan is
                                         true and lawful and the Loan is not used in any money laundry activities.



 


		(5)	The
                                         Borrower did not conceal any information that may adversely affect the financial condition
                                         and the capacity in the performance of the contracts of the Borrower and guarantor.



 


		(6)	The
                                         Borrower warrants that the Loan usage complies with the national industrial policies,
                                         land policies, environmental protection laws, rules and regulations, and control and
                                         relative policies. The borrower warrants that the invested project shall comply with
                                         the requirement of lawful management, approval and filing. The invested project satisfied
                                         the national requirements about capital funding system.



 


	 	2)	The Borrower warrants to commit as follows:




 


		(1)	The
                                         Lender shall supervise the usage of the Loan by the Borrower and the Borrower shall ensure
                                         that Tong Coal Mine Group Zheneng Majiangliang Coal Company Limited shall accept the
                                         Lender’s supervision on the uage of the Loan.



 


		(2)	At
                                                                                                                                                                                                                   the request of the Lender, the Borrower shall and shall ensure Tong Coal Mine Group Zheneng Coal Company Limited
                                                                                                                                                                                                                   periodically and timely provide to the Lender financial statements (including but not limited to annual reports, quarterly
                                                                                                                                                                                                                   reports and monthly reports) and other related documents.



 






    	 



    	 



    

 


		(3)	If
                                         the Borrower has signed or will sign the counter guarantee agreement or similar agreement
                                         with the guarantor in respect of this Contract, such agreement shall not damage any Lender’s
                                         rights under this Contract.



 


		(4)	The
                                         Borrower shall allow Lender’s credit checking and supervision and afford sufficient
                                         support and co-operation.



 


		(5)	The
                                         Borrower shall be obliged to notify the Lender if events occur affecting the financial
                                         condition or contractual capability of the Borrower or Tong Coal Mine Group Zheneng Majiangliang
                                         Coal Company Limited, including but not limited to changes in the mode of operation such
                                         as split, mergers, joint venture, joint operation, joint venture with foreigner investors,
                                         sub-contracting, re-organization, restructuring and flotation plan of going public, and
                                         reduction of registered capital, transfers of major assets and shareholdings, bearing
                                         significant liabilities or incurring significant charges in collaterals, and guaranteed
                                         assets being seized, discharged, and dismissed and being petitioned for liquidation,
                                         or being involved in material litigation or arbitration, or being difficulty to continue
                                         operation or financial condition becoming worse. In the case of the occurrence of the
                                         following events of default, the Borrower or Tong Coal Mine Group Zheneng Majiangliang
                                         Coal Company Limited shall timely notify the Lender, such as taking of any of the above
                                         actions which may adversely affect the repayment capability of the Borrower (at the absolute
                                         determination of the Lender) and shall obtain consent from the Lender prior to taking
                                         the above actions.



 


		(6)	Repayment
                                         of the Loan to the Lender ranks higher preference than repayments to its shareholders
                                         and shall not rank lower preference than Borrower’s repayments of other loans of
                                         the same nature.



 


		(7)	In
                                         the event that if the after tax net profit for the current financial year is zero or
                                         negative or the after tax net profit is insufficient to offset accumulated loss of previous
                                         financial years, or before tax profit is insufficient to repay the scheduled repayment,
                                         and pay interests and expenses for the current financial year, or before tax profit is
                                         insufficient to repay the next due scheduled repayment, interests and expenses, the Borrower
                                         shall not distribute dividends or bonus to its shareholders.
	 	 	 
	 	(8)	The borrower warrants that by entering into a
                                                                                                                             financial leasing contract with Tong Coal Mine Group Zheneng Majiangliang Coal Company Limited,
                                                                                                                             the credit risk shall be assigned to Tong Coal Mine Group Zheneng Majiangliang Coal Company Limited.



 





		(9)	Any other issues to be warranted by the Borrower.


 






    	 



    	 



    

 


		9.	The
                                         Borrower’s disclosure on related party transactions in the Borrower’s group



 


For
persons becoming customers of the Borrower under the Commercial Bank Group Customer Credit Business Risk Management Guide, the
Borrower shall report details to the Lender of the related party transactions amounting over 10% of the asset value, which details
include the relationship of the parties in the transaction, the project and nature of the transaction, amount of transaction and
the corresponding proportion, price fixing policy (inclusive of transaction without consideration or without a notional consideration).


 


In
the case of occurrence of any of the events described below, the Lender may suspend the remaining scheduled drawdowns and demand
early repayment of the principal Loan and interest thereon:


 


The
Borrower uses faked contracts with related parties and creates invoices and receivables to obtain funds or loans from banks as
discounts or collaterals with non-existing transaction background.


 


In
the occurrence of a major merger and material acquisition which, in the opinion of the Lender, will affect the security of the
Loan.


 


The
Borrower deliberately evades the Bank’s claims. Other events mentioned in Clause 18 of the Guide.


 


		10.	Events
                                         of default and handling



 


The
following events shall constitute or be deemed to constitute as events of default:


 


		1)	The
                                         Borrower fails to perform its obligation to repay to or settle with the Lender of the
                                         amounts due under this Contract.



 


		2)	The
                                         Borrower fails to use the Loan for the agreed usage under this Contract.



 


		3)	The
                                         representation made by the Borrower in this Contract is found untrue and the Borrower
                                         is in breach of its warranties hereunder.
	 	 	 
	 	4)	In the occurrence of the event mentioned in Item 5
                                                                                                                            of Sub-Clause 2 of Clause 8,
the Lender may deem the financial condition and performance capability of the Borrower or the Guarantor being adversely affected
and the Borrower fails to provide a new guarantee or fails to arrange for substitution of the guarantor.



 






    	 



    	 



    

 


		5)	The
                                         Borrower is in breach of its rights and obligations in other agreed terms of this Contract.



 


		6)	The
                                         Borrower has committed an event of default in other contracts with other organization
                                         of the Lender of the Bank of China.



 


		7)	The
                                         Guarantor has defaulted in the Contract or in other organization of the Lender of the
                                         Bank of China.



 


		8)	The
                                         Borrower ceases operation, is dissolved or becomes bankrupt.



 


In
the occurrence of the above events, the Lender may, depending on specific circumstances, shall have the right to take the following
measures, separately or simultaneously:


 


		1)	The
                                         Lender may demand the Borrower or the Guarantor to remedy the breach within a period
                                         of time.



 


		2)	The
                                         Lender may, entirely or partly, reduce or terminate the credit line.



 


		3)	The
                                         Lender may, entirely or partly, decline or suspend applications for drawdown of the Borrower
                                         under this Contract or other contracts between the Borrower and the Lender and the Lender
                                         may, entirely or partly, suspend or decline the release of payments or the loan application
                                         processing.



 


		4)	The
                                         Lender may declare that the Loan and accrued interest thereon under this Contract and
                                         loans and accrued interest thereof, entirely or partly, under other contracts between
                                         the Borrower and the Lender, entirely or partly, shall be due immediately.



 


		5)	The
                                         Lender may, entirely or partly, determine this Contract or other contracts between the
                                         Borrower and the Lender.



 


		6)	The
                                         Lender may demand the Borrower to compensate it with the loss that the Lender may suffer
                                         as a result of the breach of this Contract by the Borrower.



 


		7)	The
                                         Lender may withhold the money in the bank accounts of the Borrower in other branches
                                         of the Bank of China for the repayment of the entire or part of the debts owed by the
                                         Borrower in this contract and the undue deposits with the accounts shall be deemed as
                                         due and if the currency denoted in this Contract
is different to the currency of the money with other accounts, the exchange rate to be adopted shall be the appropriate rate applicable
to the Lender.



 






    	 



    	 



    

 


	 	8)	The Lender may enforce the Contract by exercising the collateral.
	 	 	 
	 	9)	The Lender may demand the guarantor to perform the guarantee.
	 	 	 
	 	10)	The Lender may take any other measures as it deems fit.




 


	11.	Reservation of right




 


Any
party to this Contract not having exercised part or all its rights under this Contract or not having demanded the other party
to perform or honor part or all its obligations and responsibilities shall not be deemed to abandon its right to enforce the performance
of obligations by the other party or a waiver of obligations and responsibilities.


 


Any
party to this Contract having tolerated not to or extended or delayed to exercise his rights under this Contract shall not affect
its rights under this Contract, laws and rules and shall not be deemed to abandon its rights.


 


	12.	Changes, modification and termination




 


Parties
may, by mutual negotiation, agree unanimously in writing to change or modify this Contract and any change or modification shall
form an integral part of this Contract.


 


The
rights and responsibility shall not be terminated before its expiry other than by laws and rules or as mutually agreed by the
parties.


 


The
invalidity of any clause of this Contract shall not invalidate the remaining clauses of this Contract other than by laws and rules
or as mutually agreed by the parties.


 


	13.	Applicable laws and Dispute Resolution




 


The
laws of the People's Republic of China shall apply to this Contract.


 


After
this Contract becomes effective, disputes relating to the entering into and execution of this Contract and matters in relation
thereto, shall be resolved by negotiation failing which, any of the parties may raise litigation against the other before the
People’s Court located in the place where the Lender is situate.


 


During
the period of time in resolving the dispute which if not being affected, the remaining parts of the Contract shall continue enforceable.


 






    	 



    	 



    

 


	14.	Other costs




 


Save
and except under the law or as agreed by the parties, the Borrower shall bear all costs related to the entering into and performing
this Contract and disputes resolution (including but not limited to fees).


 


	15.	Exhibits




 


The
following exhibits as agreed by the parties hereto shall form an integral part of this Contract and shall have the same binding
effect of this Contract:


 


	 	1)	Drawdown notice;
	 	 	 
	 	2)	Interest payment notice
	 	 	 
	 	3)	Repayment notice




 


	16. 	Other terms




 


		1)	Without
                                         the written consent of the Lender, the Borrower shall not assign the rights and obligations
                                         hereunder to third parties.



 


		2)	The
                                         Borrower recognizes that the Lender, for their needs in business, may authorize other
                                         branches of the Bank of China to enforce its rights and perform its obligations under
                                         this Contract or assign the Contract to other branches of the Bank Of China for the performance
                                         of this Contract or other banks. Other branches of the Bank of China or other banks which
                                         have accepted the assignment of this Contract shall have the right to exercise the rights
                                         of this Contract, to raise lawsuits before court and put the disputes for arbitration
                                         and apply execution thereof.



 


		3)	On
                                         basis of not affecting the enforceability of this Contract, the lawful successors and
                                         assignees of the respective parties shall be legally bound.



 


		4)	Save
                                         and except as agreed by the parties, the parties hereby agree that residential addresses
                                         of the parties shall be their respective communication and contact addresses and agree
                                         to notify the other party in writing should there be changes.



 


		5)	This
                                         Contract is entered into for the interest of the respective party’s benefit. Under
                                         the respective laws, rules and regulations, other parties shall be the related parties
                                         of the Lender and both parties shall not take advantages of such relationship which may
                                         affect the fairness of this Contract.



 


		6)	The
                                         headline and business name in this Contract are just for the convenience sake and shall
                                         not be taken for the interpretation of the texts and the rights and obligations of the
                                         parties.



 






    	 



    	 



    

 


	17. 	Contract validation




 


This Contract shall be validated upon its being signed
and sealed by the person having the authority to sign or the
authorized person. This Contract shall be valid until the Borrower has repaid the full amount of the Loan and the
interest accrued thereon.


 


This
Contract shall be executed in duplicates each of which shall have the same legal effect and each of the Lender and the Borrower
shall retain a copy thereof.


 





	 	Borrower:	Lender:
	 	Jinshang International Financial. Leasing Co., Ltd	Bank of China, Shuozhou Branch




 


	 	Authorized signature: (signed and sealed)	Authorize signature: (signed and sealed)
	 	 	 
	 	Date
: March 25, 2015	Date: March 25, 2015




 






    	 



    	 



    

 


Drawdown
Notice


 


	To:	Bank of China, ShuoZhou Branch




 


Pursuant
to the Loan Contract entered into between you and us (Contract No. XD-2014-SHUOJIE-001), we hereby submit our Drawdown Notice
as follows:


 


	 	1.	We apply to drawdown the Loan per Mode No. (1) as below:




 


		(1)	One-time
                                         drawdown.
		(2)	Number
                                             -     drawdown within the drawdown period.



 


	 	Amount of drawdown:   (Currency)   	Renminbi
	 	 	RMB
500,000,000
	 	 	Renminbi
Five Hundred Million Yuan



 


	 	2.	Please make payment of the Loan to our bank account as follows:







Name
of the account: Jinshang International Financial Leasing CO., LTD

Account Number: 147983002569


Bank
Name: Bank of China, ShuoZhou Branch


 


Time
of payment: within one month from March 25, 2015

Amount: Renminbi 500,000,000 Yuan


 


	 	3.	We confirm that:




 


		(1)	The
                                         Loan shall be used for the agreed usage per the Loan Contract.



 


		(2)	From
                                         the date of this Drawdown Notice up to the date of drawdown, the representations, warranties
                                         and guarantee in the Loan Contract remain true, accurate, complete and effective.



 


		(3)	Up
                                         to the date of this Drawdown Notice, there is no material adverse change in our business
                                         operation and financial condition.



 


	 	4.	Up to the date of this Drawdown Notice, there is no event existing as an
event of default mentioned in the Loan Contract or expected event of default and we further confirm that there shall be no event
of default as at the date of drawdown.




 


	 	5.	This withdrawal notice is irrevocable. We warrant that all conditions precedent
to the drawdown have been satisfied under the Loan Contract and the drawdown amount of the Loan paid into our bank account shall
constitute as the liability of us to you.




 


Applicant
(sealed):    Jinshang International Financial Leasing Co. Ltd

Authorized signatory:  (signed by Mr. Mu Renhui)


Date:  March 25, 2015


 






    	 



    	 



    

 


Notice
of Interest Payment


 


	To:	Company




 


Pursuant
to the Loan Contract entered into between you and us dated ________, 2015 (Contract No. XD-2014-SHUOJIE-001), we
hereby give you notice to repay the Loan and pay the interest accrued thereof as follows:


 


Interest
Payment Period: ___ Month __ Date, ___ Year to __ Month __Date, __ Year


Interest
Rate:__% 

Amount of interest:

Interest Payment Date:


 


Lender:
Bank of China, ShuoZhou Branch


 


Date:
_________,
2015                     


 






    	 



    	 



    

 


Payment
Notice


 


	To:	Company




 


Pursuant
to the Loan Contract entered into between you and us dated ________, 2015 (Contract No. XD-2014-SHUOJIE-001), we
hereby give you notice to repay the Loan as follows:


 


Amount
of principal Loan: Renminbi ______

Account information:


Date
of repayment:


 


Lender:
Bank of China, ShuoZhou Branch


 


Date:_________,
2015