Exhibit 10.11


 


Loan Extension Contract 


 


Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd


Legal Representative: Chen Jun


 


Party B(Borrower): Heilongjiang TYALS Co.,
Ltd


Legal Representative: Wang Yuhu


 


Whereas, the Loan Contract signed by
the two parties below dated April 13, 2009 has expired; Party B has applied for extending the term of the Contract and Party A
agrees to extend the Contract after reviewing such application;


 


Now therefore, the two parties, based
on the principle of equality and consultations, agree as follows:


 


Article 1     The amount relating to such extension
is RMB 8 million.


 


Article 2     The term extended shall be one
(1) year, from April 13, 2010 to April 13, 2011.


 


Article 3     Party A will collect a sum of
management cost with regard to the amount regarding the extension in accordance with the loan management measures of Party A. Such
management cost is 3% of the amount regarding extension, i.e., RMB 240,000 in total. Party B shall pay the management cost in a
lump sum within three (3) days of the execution of the Loan Contract.


 


Article 4     Where the extended term expires,
Party B shall repay the loan; otherwise the term will no longer be extended.


 


Article 5     Special agreement


Party B agrees to use its newly- built plant
with an area of 1,500 square meters as a pledge for the extending the term of the loan. Party B shall provide Party A with the
related certificates and pledge registration formalities in respect of the pledged plant in accordance with the stipulations of
the pledge Contract. In case of breach of the agreement, Party A is entitled to take possession of Party B’s plant.


 


Article 6    Events of default


Any of the following circumstances will constitute
an event of default as referred to in this Article:


		1.	The Borrower appropriated the loan;



		2.	The loan is used for any other purpose rather than that as agreed by the two parties;



		3.	The Borrower fell into arrears with principal;



 



    	 



    	 



    

 


		4.	The Borrower committed any act against laws;



		5.	The legal representative of the Borrower contravened criminal law and will be subject to criminal
sanction.



 


Article 7    In case of breach of the agreement
by Party B, Party A is entitled to take the following actions:


To declare the principal of the loan under
the Contract to be due in advance and require the Borrower to immediately repay such principal or take any other remedies as provided
for by laws and regulations.


 


Article 8    Liabilities for breach


In the event that the Borrower fails to repay
the principal of the loan in full and/or on time or there is any event of default, Party A may require Party B to pay a sum of
penalty at the rate of 0.5% on a daily basis and recover all the losses, which include but without limitation to penalty, legal
cost, attorney’s fees, etc.


 


Article 9    Other provisions


		1.	Any dispute arising out of the Contract shall be subject to the jurisdiction of the People’s
Court of Sa Er Tu District, Daqing.



		2.	The Pledge Contract referred to herein and the documents and data confirmed by the two parties
shall constitute an integral part of the Contract.



		3.	The Contract shall be executed in duplicate and each party shall hold one copy respectively.



 


Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd


(Seal)


Legal Representative:


(Signature/seal)


 


Party B(Borrower): Heilongjiang TYALS Co.,
Ltd


(Seal)


Legal Representative:


(Signature/seal)


 


Date of signature: April 15, 2010


Place of signature: Daqing Industrial and Commercial
Investment Co., Ltd


 



    	 



    	 



    

 


Loan Contract


 


Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd


Legal Representative: Shi Rongyao


 


Party B (Borrower): Heilongjiang TYALS Co.,
Ltd


Legal Representative: Wang Yuhu


 


To provide support for Party B’s aluminum
veneer PVDF coating manufacturing project and the listing of Party B, the two parties reach the following agreement with regard
to the matters concerning Party A’s provision of loan to Party B based on the principle of friendly consultation, equality
and free will with the reference to the instructions dated April 2, 2009 of Xia Lihua and Ren Guisheng, mayor and deputy major
in charge of this industry of Daqing.


 


Article 1     Party A agrees to provide a sum
of monetary fund with the amount of RMB 8 million to Party B.


 


Article 2     The term of the loan shall be
one (1) year, from April 13, 2009 to April 12, 2010.


 


Article 3     The loan shall only be used for
the aluminum veneer PVDF coating manufacturing project for purchasing equipment and constructing plant and shall not be used for
any other purpose.


 


Article 4     Party A shall inspect the application
of the loan from time to time. Based on Party B’s requirements for funds, Party B shall provide Party A with the equipment
purchase contract for Party A to confirm the authenticity and validity of the contract and the conformity between the subject matter
and its contract price. Party B shall not make any payment without Party A’s confirmation. The payer name and the amount
must be in line with those set forth in the Contract. Where the equipment is delivered, Party A and Party B shall jointly examine
and accept such equipment. With regard to the construction of plan, Party B shall provide Party A with the construction and budget
contract of the bid-winner. The application of funds shall not exceed the budget. If the funds actually used exceed the budget
at the time of project settlement, the exceeded part shall be solely borne by Party B. In case of surplus funds, such funds can
be used as working capital.


 


Article 5     In order to ensure the safety
of Party A’s funds, the plant, as soon as it is recognized as assets, shall be pledged to Party A together with the equipment
purchased for the project.


 


Article 6     Party B promises to be able to
being listed in 2009 and the first sum of funds it will raise by listing shall be used to repay Party A.


 



    	 



    	 



    

 


Article 7     Party A has the right to require
Party B to provide the information regarding the progression of the project based on the requirements of funds management. Party
B shall provide Party A with its financial statements on a quarterly basis and shall provide active assistance in this regard.


 


Article 8     Where the loan term expires, Party
B shall pay Party A the principal under the Contract in full and on time.


 


Article 9     Events of default


Any of the following circumstances will constitute
an event of default as referred to in this Article:


		1.	The Borrower appropriated the loan;



		2.	The loan is used for any other purpose rather than that as agreed by the two parties;



		3.	Party B refuses to cooperate with Party A in funds inspection;



		4.	Party B fails to use the funds as required in Article 4 of the Contract;



		5.	The Borrower fell into arrears with principal;



		6.	The Borrower committed any act against laws;



		7.	The legal representative of the Borrower contravened criminal law and will be subject to criminal
sanction.



 


In case of breach of the agreement by Party
B, Party A is entitled to take the following actions:


To declare the principal of the loan under
the Contract to be due in advance and require the Borrower to immediately repay such principal or take any other remedies as provided
for by laws and regulations.


 


Article 10     Liability for breach


In the event that the Borrower fails to repay
the principal of the loan in full and/or on time or there is any event of default, Party A may require Party B to pay a sum of
penalty at the rate of 0.5% on a daily basis and recover all the losses, which include but without limitation to penalty, legal
cost, attorney’s fees, etc.


 


Article 11     Other provisions


		1.	The invalidity of partial provisions of the Contract will not affect the validity of the remainder
of the Contract.



		2.	Any dispute arising out of the Contract shall be subject to the jurisdiction of the People’s
Court of Sa Er Tu District, Daqing.



		3.	The Loan Note referred to herein and the documents and data confirmed by the two parties shall
constitute an integral part of the Contract.



		4.	The Contract shall be executed in sextuplicate and each copy has the same legal force.



 



    	 



    	 



    

 


Article 12     Miscellaneous


__________________________________________________________________________________________________________________________________________


__________________________________________________________________________________________________________________________________________


__________________________________________________________________________________________________________________________________________


 


Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd


(Seal)


Legal Representative:


(Signature/seal)


 


Party B (Borrower): Heilongjiang TYALS Co.,
Ltd


(Seal)


Legal Representative:


(Signature/seal)


 


Date of signature: April 13, 2009


 



    	 



    	 



    

 







Loan Extension Contract


 


Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd


Legal Representative: Chen Jun


 


Party B(Borrower): Heilongjiang TYALS Co.,
Ltd


Legal Representative: Wang Yuhu


 


Whereas, the Loan Extension Contract
signed by the two parties dated April 15, 2010 has expired; Party B has applied for extending the term of the Contract and Party
A agrees to extend the Contract after reviewing such application;


 


Now therefore, the two parties, based
on the principle of equality and consultations, agree as follows:


 


Article 1     The amount relating to such
extension is RMB 8 million.


 


Article 2     The term extended shall be
one (1) year, from April 13, 2011 to April 13, 2012.


 


Article 3     Party A will collect a sum
of management cost with regard to the amount for term extension in accordance with the loan management measures of Party A. Such
management cost is 3% of the amount regarding extension, i.e., RMB 240,000 in total. Party B shall pay the management cost in a
lump sum within three (3) days of the execution of the Loan Contract.


 


Article 4     Where the extended term expires,
Party B shall repay the loan; otherwise the term will no longer be extended.


 


Article 5     Special agreement


Party B agrees to use its newly- built plant
with an area of 1,500 square meters as a pledge for the extending the term of the loan. Party B shall provide Party A with the
related certificates and pledge registration formalities in respect of the pledged plant in accordance with the stipulations of
the pledge Contract. In case of breach of the agreement, Party A is entitled to take possession of Party B’s plant.


 


Article 6     Events of default


Any of the following circumstances will constitute
an event of default as referred to in this Article:


		1.	The Borrower appropriated the loan;



		2.	The loan is used for any other purpose rather than that as agreed by the two parties;



		3.	The Borrower fell into arrears with principal;



		4.	The Borrower committed any act against laws;



 



    	 



    	 



    

 


		5.	The legal representative of the Borrower contravened criminal law and will be subject to criminal
sanction.



 


Article 7     In case of breach of the agreement
by Party B, Party A is entitled to take the following actions:


To declare the principal of the loan under
the Contract to be due in advance and require the Borrower to immediately repay such principal or take any other remedies as provided
for by laws and regulations.


 


Article 8     Liabilities for breach


In the event that the Borrower fails to repay
the principal of the loan in full and/or on time or there is any event of default, Party A may require Party B to pay a sum of
penalty at the rate of 0.5% on a daily basis and recover all the losses, which include but without limitation to penalty, legal
cost, attorney’s fees, etc.


 


Article 9     Other provisions


		1.	Any dispute arising out of the Contract shall be subject to the jurisdiction of the People’s
Court of Sa Er Tu District, Daqing.



		2.	The Pledge Contract referred to herein and the documents and data confirmed by the two parties
shall constitute an integral part of the Contract.



		3.	The Contract shall be executed in duplicate and each party shall hold one copy respectively.



 


Party A (Lender): Daqing Industrial and Commercial
Investment Co., Ltd


(Seal)


Legal Representative:


(Signature/seal)


 


Party B (Borrower): Heilongjiang TYALS Co.,
Ltd


(Seal)


Legal Representative:


(Signature/seal)