Translation
of NPCC Project Investment Contract

    


    Party A:
Zibo Hi-Tech Industry Development Zone Administration Committee

    Party B:
Faith Bloom Limited

    


    
      	
              I.

            	
              Party
      B shall invest to build NPCC project (“the project”) within the
      administrative area of Zibo Hi-Tech Development Zone. The construction and
      operation of this project is welcomed by Party
  A.

            


    

    
      	
              II.

            	
              Party
      B plans to build a NPCC project with planned production capacity of 1
      million tons per year. Phase I is 60,000 tons per year, and is planned to
      put into production in August 2009.

            


    

    
      	
              III.

            	
              The
      registered capital for the project company is $56 million (paid in
      installment).

            


    

    
      	
              IV.

            	
              The
      following conditions must be guaranteed before the starting of this
      project:

            


    

    
      	
               
      

            	
              1.

            	
              Party
      A have irrevocably granted Party with 350 Mu industrial land for Party B
      to build Phase I of its project;

            


    

    
      	
               
      

            	
              2.

            	
              Party
      A ensures that there are qualified limestone quarry with reserves no less
      than 150 million.

            


    

    
      	
               
      

            	
              3.

            	
              Party
      A ensures that Party B is able to obtain the exploration rights on the
      qualified limestone quarry within twelve months after signing this
      contract through the way of granting or transfer at the lowest
      cost.

            


    

    In case
Party A fails to satisfy Party B the above mentioned one or more premises, Party
B reserves the right to cancel this investment contract and do not bear any
obligation.

    
      	
              V.

            	
              Land
      location, area and use life

            


    

    The land
for Phase I is located at the New Material Manufacturing Base of Zibo Hi-Tech
Industrial Park, with a total area of 350 Mu and the transferring life is 50
years. Other reserved industry land is 2500 Mu located to the west of Weihu Road
and south to Jiqing Highway.

    The land
granted for Employees’ apartment is 80 Mu, with a transferring period of 70
years.

    
      	
              VI.

            	
              Utilities

            


    

    
      	
               
      

            	
              1.

            	
              Party
      A should provide all the utilities, such as the power, water, gas and
      steam supply, rain and drainage outlet, communication, cables and internet
      network.

            


    

    
      	
               
      

            	
              2.

            	
              Coordinate
      to meet Party B’s requirement for railway
  transportation.

            


    

    
      	
               
      

            	
              3.

            	
              Party
      A shall meet Party A’s demand for industrial water and electricity at a
      price of ¥3.385 per
      ton and ¥0.5435 per
      Kwh.

            


    

    VII Scale
of Construction

    The scale
of this project is 1 million MT per year. Party B shall plan, design and apply
for additional land based on the project progressing.

    VII Cost
of land and payment terms

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    Party B
shall obtain the land through the tenders, auction and publication process. The
land transfer cost will be according to the actual auction price.

    Party B
should follow the following procedures to make the payment:

    
      	
              1.

            	
              Regarding
      the 350 Mu industrial land for Phase I, Party B should follow the national
      regulations on tenders, auction and publication and pay for the certain
      deposit first. After obtaining the land using right, Party B shall sign
      the land transfer contract and pay off all the premiums based on the land
      transfer contract.

            


    

    
      	
              2.

            	
              Regarding
      the reserved 2500 Mu industrial land (Party B must achieve the national
      regulations on the investment intensity; if the policies on state owned
      land using changes, the two parties shall renegotiate on the time and
      location), Party B will also follow the tenders, auction and publication
      process based on the progressing of Phase I. Payment terms is same as
      above.

            


    

    
      	
              3.

            	
              Regarding
      the 80 Mu land for employee apartment, the payment and transfer process is
      same as above. The two parties shall discuss specific land transfer plan
      separately.

            


    

    


    
      	
              VII.

            	
              Delivery
      of certificate and land

            


    

    After
Party B signed the land transfer contract and paid off all the premiums, Party A
shall assist Party B to obtain the State Owned Land Using Right Certificate on
behalf of the project company in 60 days since the paying off of the land
premiums.

    Party A
should deliver the project land granted by the Landing Using Right Certificate
immediately after obtaining the above certificate.

    


    Dated:
June 19, 2008

    


    /s/Authorized
Representative                                                                           


    Party A:
Zibo Hi-Tech Industry Development Zone Administration Committee

    


    


    /s/ Authorized
Representative                                                                           


    Party B:
Faith Bloom Limited