Dongying
Haihui Industry& Commerce Co., Ltd

      


    Equity
Transfer Agreement

     


    Party A
(transferor): Chen Yong ( Shareholder of Dongying Haihui Industry and Commerce
Co., Ltd)

    Party B
(transferee): Shandong Haiwang Chemical Stock Co.,Ltd

    


    According
to “company law” and the relevant provisions of articles of incorporation, both parties
reached the following agreement regarding equity transfer matters on a voluntary
and equal basis upon the approval of all shareholders.

       

    
      	
               
      

            	
              I.

            	
              Party
      A, upon the shareholders’ consent, will transfer his portion of
      shareholding with a par value of RMB 800,000(representing 40% shareholding
      rights) in Dongying Haihui Industry& Commerce Co., Ltd to Party B in
      accordance with Chinese laws.

            


    

    


    
      	
               
      

            	
              II.

            	
              The
      way of transfer: Party B should pay RMB 800,000 in cash one-time to Party
      A.

            


    

    


    
      	
            	
              III.

            	
              This
      agreement will comes into force when both parties sign and seal, the
      rights and obligations of Party A in Dongying Haihui Industry&
      Commerce Co., Ltd shall cease to be effective automatically, and
      creditors’ right and obligation subsequent to the transfer agreement
      should be assumed by Party B. Party B should conform to article of
      incorporation and the relevant
provisions.

            


    

    


    
      	
            	
              IV.

            	
              This
      agreement is quadruplicate, the transferor and the transferee each shall
      hold one copy, local State Administration of Industry and Commerce and the
      company shall hold one copy each for
reference.

            


    

    


    Party A
(signature):_____________________

    /s/ Chen
Yong

    


    Party B
(seal of the company): Shandong Haiwang Chemical
Stock Co., Ltd

    /s/ Yang
Chunbin

    


    November
6th,
2009.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

       

    Dongying
Haihui Industry& Commerce Co., Ltd

     

    Equity
Transfer Agreement

     


    Party A
(transferor): Gao Jian ( Shareholder of Dongying Haihui Industry and Commerce
Co., Ltd)

    Party B
(transferee): Shandong Haiwang Chemical Stock Co.,Ltd

    


    According
to “company law” and the relevant provisions of articles of incorporation, both parties
reached the following agreement regarding equity transfer matters on a voluntary
and equal basis upon the approval of all shareholders.

       

    
      	
               
      

            	
              V.

            	
              Party
      A, upon the shareholders’ consent, will transfer his portion of
      shareholding with a par value of RMB 1,200,000(representing 60%
      shareholding rights) in Dongying Haihui Industry& Commerce Co., Ltd to
      Party B in accordance with Chinese
laws.

            


    

    


    
      	
            	
              VI.

            	
              The
      way of transfer: Party B should pay RMB 1,200,000 in cash one-time to
      Party A.

            


    

    


    
      	
            	
              VII.

            	
              This
      agreement will comes into force when both parties sign and seal, the
      rights and obligations of Party A in Dongying Haihui Industry&
      Commerce Co., Ltd shall cease to be effective automatically, and
      creditors’ right and obligation subsequent to the transfer agreement
      should be assumed by Party B. Party B should conform to article of
      incorporation and the relevant
provisions.

            


    

    


    
      	
            	
              VIII.

            	
              This
      agreement is quadruplicate, the transferor and the transferee each shall
      hold one copy, local State Administration of Industry and Commerce and the
      company shall hold one copy each for
reference.

            


    

    


    Party A
(signature):_____________________

    /s/ Gao
Jian

    


    Party B
(seal of the company): Shandong Haiwang Chemical
Stock Co., Ltd

    /s/ Yang
Chunbin

    


    November
6th,
2009.