| 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. |
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| 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. |
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| III. | The      registered capital for the project company is $56 million (paid in      installment). |
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| IV. | The      following conditions must be guaranteed before the starting of this      project: |
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|   | 1. | Party      A have irrevocably granted Party with 350 Mu industrial land for Party B      to build Phase I of its project; |
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|   | 2. | Party      A ensures that there are qualified limestone quarry with reserves no less      than 150 million. |
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|   | 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. |
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| V. | Land      location, area and use life |
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| VI. | Utilities |
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|   | 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. |
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|   | 2. | Coordinate      to meet Party B’s requirement for railway  transportation. |
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|   | 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. |
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| 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. |
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| 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. |
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| 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. |
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| VII. | Delivery      of certificate and land |
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