EXHIBIT
10.4

     

    Ceiling
amount security and loan contract

     

    NXGDJZ [
] No.

     

    Lender:        
Wuhan Xianfeng Rural Credit Cooperative

     

    Borrower     
Wuhan Fanya Peptide Material Research Ltd

     

    Mortgager:   Wuhan
Tallyho Biological Product Ltd

     

    Upon
reaching a consensus, the lender, the borrower and the mortgager hereby enter
into this contract for common observance according to relevant laws and
codes.

     

    
      	
              Article
      1

            	
              According
      to the needs of the borrower and the possibility of the lender, the lender
      shall loan the borrower the principal amount with a ceiling amount no more
      than 5,000,000 CNY from 2008-01-25 to 2013-01-25 and no security for every
      sum of loan will be conducted within the term and the ceiling
      amount.

            


    

     

    
      	
              Article
      2

            	
              During
      the foregoing term, the expiry date of every sum of loan may not exceed
      the expiry date as specified in Article 1. The amount, the application,
      the term and the interest of every sum shall be subject to corresponding
      receipt for such sum. The receipt forms a part of this contract and has
      equitable legal force.

            


    

     

    
      	
              Article
      3

            	
              Security

            


    

     

    
      	
               
      

            	
              1)

            	
              The
      mortgager is willing to mortgage the properties with value of 7,367,000
      CNY upon appraisal (the details are given in “list of collateral”), of
      which he can dispose, to provide collateral to the borrower. If the
      borrower fails to repay the loan on schedule as agreed in the contract,
      the mortgagee is entitled to evaluate, auction, sell off or otherwise
      dispose of the collateral and acquire repayment from received amount with
      preference according to laws of
China.

            


    

     

    
      	
               
      

            	
              2)

            	
              The
      scope of security includes the principal, the interest and the expenses to
      implement creditor’s right.

            


    

     

    
      	
               
      

            	
              3)

            	
              The
      force of the security involves the accessory things, accessory rights and
      the fruits incurred thereby.

            


    

     

    
      	
               
      

            	
              4)

            	
              The
      security term shall start from the date of mortgage and end when all the
      liabilities within the security scope are paid
  off.

            


    

     

    
      	
               
      

            	
              5)

            	
              The
      properties of collateral as listed in the List of Collateral are placed in
      custody of the mortgager, used, maintained and preserved by the mortgager.
      The certificate for property ownership is delivered to the mortgagee for
      custody.

            


    

     

    
      
         


      

      
         


        
          

        

      

      
         


      

    

     

    
      	
               
      

            	
              6)

            	
              The
      collateral hereunder may not be listed into the scope of bankruptcy. When
      the principal & the interest of the loan and relevant expenses are
      paid by the cost of the collateral, the remaining part of the cost may be
      listed into the scope of
bankruptcy.

            


    

     

    Article
4  Undertaking of the borrower:

     

    
      	
               
      

            	
              1)

            	
              Repay
      the principal and the interest of the loan on
  schedule.

            


    

     

    
      	
               
      

            	
              2)

            	
              Use
      the load according to the agreed
application.

            


    

     

    
      	
               
      

            	
              3)

            	
              Provide
      the lender with true balance sheets, income statements, information on all
      deposit banks, accounts and balance of deposit etc
  monthly.

            


    

     

    
      	
               
      

            	
              4)

            	
              Accept
      check and supervision by the lender on its use of loan, relevant
      production, operation and financial
activities;

            


    

     

    
      	
               
      

            	
              5)

            	
              Notify
      the lender timely for any change of legal representative, domicile of
      legal entity or business location and registered
  capital.

            


    

     

    
      	
               
      

            	
              6)

            	
              Notify
      the lender in advance, identify the liabilities and determine measures of
      repayment in case of management system, such as contracting, leasing,
      merge (acquisition), split, shareholding reform, external
      investments.

            


    

     

    Article
5  Undertaking of the mortgager:

     

    
      
        	
              	
                1)

              	
                The
      mortgager enjoys the right to dispose the collateral listed herein. If the
      leased properties are mortgaged, the mortgagee shall be informed in
      written form.

              


      

    

     

    
      
        	
              	
                2)

              	
                Ensure
      the safety, intactness of the collateral within the security term and bear
      the expenses for maintenance and preservation of the
      collateral.

              


      

    

     

    
      
        	
              	
                3)

              	
                Cover
      for the collateral with property insurance. During the security term, the
      lender shall be the first beneficiary; the insurance policy shall be kept
      by the lender. The mortgager shall renew the insurance upon expiry of the
      said insurance. For any loss incurred within the insurance coverage during
      the term of insurance, the mortgage shall settle the claim with the said
      insurance and repay corresponding principal and interest of the loan. If
      it not sufficient to repay the principal and the interest of the loan, the
      mortgage shall make up for it or provide security
    separately.

              


      

    

     

    
      
        	
              	
                4)

              	
                If
      the value of the collateral reduces during the security term due to
      damage, loss or other causes, the mortgager shall recover the value of the
      collateral or provide security with value equitable to the reduced
      value.

              


      

    

     

    
      
         


      

      
         


        
          

        

      

      
         


      

    


    
      	
               
      

            	
              5)

            	
              The
      transfer of the collateral with compensation by the mortgager during the
      security period shall be subject to approval by the mortgagee. The payment
      from such transfer shall be used to pay off the debt to the mortgagee in
      advance or be withdrawn upon agreement with the
  mortgagee.

            


    

     

    
      	
               
      

            	
              6)

            	
              Accept
      check and supervision by the lender on the
  collateral.

            


    

     

    Article
6  Undertaking of the lender:

     

    
      	
               
      

            	
              1)

            	
              Provide
      the borrower with the loan of specified amount on
  schedule.

            


    

     

    
      	
               
      

            	
              2)

            	
              Preserve
      the certificate for property ownership. Return the certificate immediately
      after principal and interest of the loan are paid
  off.

            


    

     

    
      	
               
      

            	
              3)

            	
              Not
      charge from the borrower for items other than those provided
      herein.

            


    

     

    
      	
               
      

            	
              4)

            	
              Keep
      the documents provided by the borrower
  confidential.

            


    

     

    
      	
              Article
      7

            	
              If
      the borrower can not repay the loan on schedule due to special causes, the
      borrower may apply for grace 30 days before expiry date of the loan upon
      fulfillment of relevant collateral security procedures. The repayment term
      may be extended upon approval by the lender and signing of grace
      agreement, however, the interest rate for the loan shall be determined
      according to accumulated term
level.

            


    

     

    Article
8  Liability for breach:

     

    
      	
               
      

            	
              1)

            	
              Breach
      of the borrower:

            


    

     

    
      	
               
      

            	
              (1)

            	
              If
      the borrower fails repay the principal of the loan on schedule and fails
      to acquire approval for a grace, additional interest at a rate of three in
      one thousand of daily interest rate shall be charged since the expiry
      date.

            


    

     

    
      	
               
      

            	
              (2)

            	
              If
      the borrower fails to repay the interest of the loan, compound interest
      shall be charged according to relevant
  provisions.

            


    

     

    
      	
               
      

            	
              (3)

            	
              If
      the borrow does not use the loan as specified, for the embezzled loan,
      additional interest at a rate of five in one thousand of daily interest
      rate shall be charged during the embezzlement
  period.

            


    

     

    
      	
               
      

            	
              (4)

            	
              If
      the borrower violates the provisions in clause 3) through to clause 6) in
      Article 3 herein, the lender is entitled to discontinue providing of the
      loan not provided hereunder, reclaim the load not
  due.

            


    

     

    
      	
               
      

            	
              2)

            	
              Breach
      of the lender

            


    

     

    
      	
               
      

            	
              (1)

            	
              If
      the lender can not provide loan the borrower with the specified loan of
      specified amount on schedule, the lender shall reimburse penalties at a
      rate of three in ten thousand of daily interest rate for the amount of
      breach and delay.

            


    

     

    
      
         


      

      
         


        
          

        

      

      
         


      

    

     

    
      	
               
      

            	
              (2)

            	
              If
      the certificate for property ownership is lost, the lender shall register
      in relevant authority at the expense of the lender until such certificate
      is made up.

            


    

     

    
      	
               
      

            	
              (3)

            	
              If
      the lender violates clause 3) in Article 6 herein, the borrower is
      entitled to reject. If the lender violates clause 4) in Article 6 herein,
      the borrower is entitled to complaint to the People's Bank of
      China.

            


    

     

    
      	
               
      

            	
              3)

            	
              Breach
      of the mortgager

            


    

     

    If the
mortgager violates any provisions in Article 5, the lender can not realize the
right for the collateral and suffers loss accordingly; the mortgager shall be
liable for compensation.

     

    
      	
              Article
      9

            	
              When
      the lender recovers the loan upon expiry, or recover the loan in advance
      according to Article 8, it may directly deduct from the deposit account of
      the borrower.

            


    

     

    
      	
              Article
      10

            	
              The
      registration shall be handled by the borrower or the mortgager. All
      appraisal, evaluation and registration necessary for the mortgage shall be
      at the expense of the borrower.

            


    

     

    
      	
              Article 11

            	
              Others
      to be agreed

            


    

     

    
      	
              Article
      12

            	
              Any
      dispute arising from the contract shall be governed by local people’s
      court of the lender.

            


    

     

    
      	
              Article
      13

            	
              For
      matters not exhausted herein, relevant national laws, codes and provisions
      of banks on security and loan shall be
followed.

            


    

     

    
      	
              Article
      14

            	
              The
      contract shall become effective upon stamping by the parties as of the
      date of mortgaging according to
laws.

            


    

     

    
      	
              Article
      15

            	
              The
      contract shall be executed in three counterparts; the borrower, the lender
      and the mortgager each hold one
counterpart.

            


    

     

    
      
         


      

      
         


        
          

        

      

      
         


      

    

    


    
      	
              Borrower

            	 
      	 
      
	 
      	 
      	 
      
	
              Borrower:
      Wuhan Fanya Peptide Material Research Ltd

            	 
      	
              (seal)

            
	 
      	 
      	 
      
	
              Domicile:
      No. 20, Yucailu, Shamao Street, Hannan District

            	 
      	 
      
	 
      	 
      	 
      
	
              Legal
      representative (authorized agent): Hu Lirong

            	 
      	
              (seal)

            
	 
      	 
      	 
      
	
              Deposit
      bank and account number:

            	 
      	 
      
	
              Wuhan
      Xianfeng Rural Credit Cooperative 200583728710024

            	 
      	 
      
	 
      	 
      	 
      
	
              Lender

            	 
      	 
      
	 
      	 
      	 
      
	
              Lender:
      Wuhan Xianfeng Rural Credit Cooperative

            	 
      	
              (seal)

            
	 
      	 
      	 
      
	
              Legal
      representative:  Wang Hongling

            	 
      	
              (seal)

            
	 
      	 
      	 
      
	
              Handled
      by:

            	 
      	
              (seal)

            
	 
      	 
      	 
      
	
              Mortgager

            	 
      	 
      
	 
      	 
      	 
      
	
              Mortgager:  Wuhan
      Tallyho Biological Product Ltd

            	 
      	
              (seal)

            
	 
      	 
      	 
      
	
              Domicile:  Hannan
      Economic Development Zone, Wuhan

            	 
      	 
      
	 
      	 
      	 
      
	
              Legal
      representative: (authorized agent): Chen Dongliang

            	 
      	
              (seal)

            
	 
      	 
      	 
      
	
              Deposit
      bank and account number:

            	 
      	 
      
	
              Wuhan
      Xianfeng Rural Credit Cooperative 200583408610015

            	 
      	 
      


    

     

    
      Signing
on:

    

     

    
      Signing
at:

    

     

    
      Appendix
of the contract:

    

     

    
      	
              1.

            	
              List
      of collateral

            


    

     

    
      2.