Exhibit 10.15

    


    Loan
Agreement

    


    Agreement
Code: 44010120100000539

    


    Borrower
(full name): Foshan City SLP Special Materials Co., Ltd.

    Lender(full
name): Foshan Nanhai Shishan Branch of China Agriculture Bank Stock Co.,
Ltd.

    According
to relevant laws and regulations of PRC, through negotiated consensus, Borrow
and Lender entered into this Agreement.

    


    Article 1
Loan

    
      	
               
      

            	
              1.

            	
              Loan
      Classification: Short Term Working Fund
Loan

            


    

    


    
      	
               
      

            	
              2.

            	
              Loan
      Application: Purchase raw materials

            


    

    


    
      	
               
      

            	
              3.

            	
              Currency
      and Amount of Loan: RMB 20,000,000

            


    

    


    
      	
               
      

            	
              4.

            	
              (1)
      Loan Term:Time of
      Issue: 07/27/2010 — RMB
      20,000,000. Time of Repayment: 12/26/2010—RMB
      20,000,000

            


    

    (2) If
either of the amount of loan, time of issue and time of repayment is
inconsistent with Loan Note, the Loan Note shall be regarded as final standard.
Loan Note is considered a part of this Agreement and has the same legal effect
as this Agreement.

    (3) If
the loan under this Agreement is in the form of foreign currency, the principal
and interest of the loan shall be repaid by the same foreign
currency.

    


    
      
        	 	
                5. 

              	
                 Interest
      of the Loan

              


      

    

    
      RMB loan
interest shall be set according to the subsection(1)

    

    
      (1)
Floating
interest rate.

    

    Loan
Interest Rate will be increased for 20% based upon Interest Rate , as a result
of such floating interest rate an annual interest rate of 5.832% shall be
enforced. Interest rate standard for a loan less than 5 years(including 5-year)
shall be the same-period standard interest rate of RMB loan  adopted by the
People’s Bank of China; Interest rate standard for a loan more than 5 years
shall be the standard interest rate of RMB loan adopted by the People’s Bank of
China plus ______ percents.

    The
circle for adjusting Interest rate shall be 3 months. If the
People’s Bank of China adjusted its standard interest rate for RMB loan, the
lender shall use the modified standard interest rate of corresponding term and
category and the aforesaid computation method to set and enforce new loan
interest rate at the corresponding borrowing date of the first month of the
borrowing circle following the adjustment date of standard interest rate. Lender
is not obligated to notify borrower of such change. If the adjustment date of
standard interest rate is the same day as the issue date or the corresponding
borrowing date of the first month of such borrowing circle, the new enforceable
loan interest rate shall be set on the day of adjustment of standard interest
rate. If there is no corresponding borrowing day, the last day of such month
shall be considered corresponding borrowing day.


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    6. 
Settle Interests

     
The loan interest under this Agreement shall be settled monthly, the day for
settling interest shall be the 20th day of
each month. The borrower shall pay the interest on the day of settlement. If the
day for the final payment of principal amount does not correspond to the
interest settlement day, the unpaid interest shall be paid with the principal
amount (daily interest rate =monthly interest rate/30)

    


    Article 2
If the following conditions are not satisfied, the lender may choose to
not  providing the loan under this Agreement:

    


    
      	
              1.

            	
              Borrower
      shall set up a Basic Savings Account at the Lender’s
  place.

            


    

    
      	
              2.

            	
              Borrower
      shall supply related documents, materials and complete relevant procedure
      according to Lender’s request.

            


    

    
      	
              3.

            	
              If
      the loan under this Agreement is in the form of foreign currency, Borrower
      shall complete the approval, registration and all other legal procedures
      under this Agreement according to relevant
  regulations.

            


    

    
      	
              4.

            	
              If
      the loan is guaranteed by mortgage and pledge, all the legal procedures of
      registration and/or insurance has been completed according to Lender’s
      requests, and such guaranty and insurance keep their respective validity
      continuously. If the loan under this Agreement is guaranteed by guaranty,
      guaranty agreement has been signed and come into
  effect.

            


    

    


    Article
3. the rights and obligations of Lender

    
      	
               
      

            	
              1.

            	
              Lender
      is entitled to know the production management, financial operation, asset
      storage and the use of loan of Borrower. Lender may ask borrower to supply
      financial statements and other documents, material and
      information.

            


    

    
      	
               
      

            	
              2.

            	
              The
      Lender may stop issuing loan or ask for repayment of loan before the end
      of the loan period if borrower has gone through the situations which is
      sufficed to adversely affect borrower’s security, including but not
      limited to the conditions  enumerated in items 7,8 and 10 of article
      4.

            


    

    
      	
               
      

            	
              3.

            	
              Lender
      may choose to deduct from Borrower’s any bank accounts the principal loan,
      interest, penalty interest, compound interest and other fees incurred by
      borrower, while collecting those payments or collecting them in
      advance.

            


    

    
      	
               
      

            	
              4.

            	
              If
      the repayment by Borrower is not sufficient to satisfy the obligated
      amount under this agreement, Lender may choose to allocate such payment to
      pay off principal loan, interest, penalty interest, compound interest or
      fees.

            


    

    
      	
               
      

            	
              5.

            	
              Lender
      may publicly disclose Borrower’s breach of contract, if Borrower is not
      able to perform repayment
obligation.

            


    


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    
      	
               
      

            	
              6.

            	
              Lender
      shall issue each loan fully to Borrower at regular
    intervals.

            


    

    


    Article
4. the rights and obligations of Borrower

    
      	
               
      

            	
              1.

            	
              Borrower
      is entitled to get and use loan according to this
    Agreement.

            


    

    
      	
               
      

            	
              2.

            	
              Borrower
      is entitled to conduct account clearing and deposit related to the loan
      through the account provided for by article 2 of this
      Agreement.

            


    

    
      	
               
      

            	
              3.

            	
              If
      the loan under this Agreement is in the form of foreign currency, all the
      approval, registration and other legal proceedings related to this loan
      shall be resolved according to relevant
  regulations.

            


    

    
      	
               
      

            	
              4.

            	
              Borrower
      shall repay the principal and interest on time. If Borrower needs to
      extend the due date of the loan, he shall submit a written application
      form to Lender 15 days prior to the due date of the loan. Upon
      confirmation by Lender, an extension agreement shall be signed by both
      parties.

            


    

    
      	
               
      

            	
              5.

            	
              Borrower
      shall use the loan according to this Agreement, a misappropriation and
      diversion of the loan is not
permitted.

            


    

    
      	
               
      

            	
              6.

            	
              Borrower
      shall provide true, complete, valid financial statements or other relevant
      materials, information to Lender. Borrower shall positively assist Lender
      in the inspection of its production management, financial operation and
      the use of loan under this
Agreement.

            


    

    
      	
               
      

            	
              7.

            	
              Borrower
      shall give Lender prior written notice, if anything occurred which is
      sufficient to change the debtor-creditor relationship or affect the
      capability of repayment by Lender such as engaging in any contract
      arrangement, lease, shareholding restructure, alliance, combinations,
      mergers, separation, joint venture, asset transfer, applying for
      suspension of business, dissolution and bankruptcy. Borrower is not
      permitted to proceed with aforesaid action unless a written notice is
      given to Lender and after confirmation by Lender, an arrangement of
      repayment of loan on time or in advance is finally
    realized.

            


    

    
      	
               
      

            	
              8.

            	
              Borrower
      shall immediately notify Lender and conduct debt security measures that
      are confirmed by Lender, if anything other than the abovementioned
      activity occurred and which has a material adverse effect on the
      capability of Borrower to repay the loan, including suspension of
      production, shut down, cancellation of registration, cancellation of
      business license, legal representative or principal are engaged in illegal
      activity or involved in substantial litigation or arbitration, substantial
      hardship to production and operation, deteriorated financial
      conditions.

            


    

    
      
        	
                 
      

              	
                9.

              	
                If
      Borrower offers guaranty for the debt of other person or mortgages or
      pledges its principal assets to the third person, and its capability to
      repay the loan under this Agreement may thus be affected by such behavior,
      Borrower shall give  Lender written notice in advance and get its
      approval to proceed.

              
	 	      
                10.

              	      
                Borrower
      and investors shall not misappropriate capital, divert asset or conduct
      unauthorized transfer of their shares in order to escape from the
      obligation of repayment.

              
	 	      
                11.

              	      
                Borrower
      shall immediately notify Lender in a written form of any modification of
      its name, legal representative, residency, operation
      range.

              


      

    

     

      
        
           


        

        
           


          
            

          

        

        
           


        

      



    
      	
            	
              12.

            	
              Borrower
      shall provide other guarantee measures acknowledged by Lender, if either
      of the following matters happen: the guarantor of loan under this
      Agreement has gone through suspension of  its production, shut down,
      cancellation of registration, cancellation of business license, bankruptcy
      and operation loss, which rendered it unable to meet its guarantee
      obligation either partially or entirely; or the mortgage, pledge, pledged
      rights supposed to guarantee the loan obligation under this Agreement
      decreased in their value.

            


    

    
      	
            	
              13.

            	
              Borrower
      shall undertake to pay the fees originating from lawyer service,
      insurance, transportation, evaluation, registration, custodian,
      identification and notarization, which are related to this Agreement or
      the guaranty under this Agreement.

            


    

    


    Article
5. Repayment in Advance

    Borrower
shall get permission from Lender to repay the loan in advance. If Lender accepts
such repayment from Borrower, an interest will be calculated and imposed upon
the advanced payment according to the following method:

    
      	
               
      

            	
              1.

            	
              Have
      the enforceable interest indicated in this Agreement adjusted upward for
      0% according to actual loan period.

            


    

    


    Article
6. Liability of Breach of Agreement

    
      	
               
      

            	
              1.

            	
              Lender
      shall pay damages to Borrower based upon the amount involved in the breach
      and the delayed days in the payment, if Lender did not issue loan to
      Borrower according to the terms of this Agreement and Borrower is
      therefore suffered loss.   The method of calculating the total
      amount of damages is the same as the one used in calculating the interest
      of deferred repayment of loan at the same
  period.

            


    

    
      	
               
      

            	
              2.

            	
              If
      Borrower does not repay the principal of loan according to the deadline
      indicated in this Agreement, Lender shall impose a penalty interest upon
      Borrower until all the principal and interest are paid off. Such penalty
      interest shall be paid at a rate which is 50% higher than the enforceable
      loan interest rate indicated in this Agreement. During the time the
      repayment of loan is overdue, if the loan is in the form of RMB and the
      current standard interest rate for RMB loan is increased by People’s Bank
      of China, the penalty interest rate will be increased correspondingly
      since the same date of the aforesaid increased loan interest
      rate.

            


    

    
      	
               
      

            	
              3.

            	
              If
      Borrower does not use the loan in the way required by this Agreement,
      Lender shall impose a penalty interest upon Borrower with respect to the
      portion of the loan which is used other than ways indicated by this
      Agreement until all the principal and interest are paid off. Starting from
      the date of use violation, such penalty interest shall be paid at a rate
      which is 50% higher than the enforceable loan interest rate indicated in
      this Agreement. During this period, if the loan is in the form of RMB and
      the current standard interest rate for RMB loan is increased by People’s
      Bank of China, the penalty interest rate will be increased correspondingly
      since the same date of the aforesaid increased loan interest
      rate.

            


    

    
      	
               
      

            	
              4.

            	
              With
      respect to the unpaid interest which should have been paid, Lender shall
      impose a compound interest according to the regulations issued by People’s
      Bank of China.

            


    


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    
      	
               
      

            	
              5.

            	
              Borrower
      is in violation of its obligations under this Agreement, Lender is
      entitled to ask Borrower to correct its breaching behavior in a limited
      time frame, stop issuing loan, collect the issued loan before the
      repayment obligation is due, declare that other loans between Borrower and
      Lender become immediate due or conduct other asset safeguard
      measures.

            


    

    
      	
               
      

            	
              6.

            	
              If
      any guarantor under this Agreement is in violation of the obligations
      under the guarantee agreement, Lender is entitled to stop issue loan,
      collect the issued loan before the repayment obligation is due or other
      asset safeguard measures.

            


    

    
      	
               
      

            	
              7.

            	
              If
      Lender resorts to litigation or arbitration measures to realize credit
      because of breach by Borrower, Borrower shall be responsible for Lender
      expenditures incurred in hiring lawyer, travelling, and other fees used to
      realize credit.

            


    

    


    Article 7
Loan Guaranty

    The forms
of surety under this Agreement shall be mortgage and guaranty, surety agreement
shall be signed at other convenient time. If maximum amount surety is adopted,
the surety agreement codes shall be  44906200900004008,
44906200800001531.

    


    Article 8
Disputes Resolution

    If any
disputes occurred in the process of performance of this Agreement, both parties
shall negotiate to settle. Both parties shall also present the disputes to the
People’s Court where Lender resides.

    During
the time of litigation, the provisions not in dispute shall also be
enforced.

    


    Article 9
Miscellaneous

    


    Article
10 Effectiveness of this Agreement

    This
Agreement shall become effective since the date of signatures or seals by Lender
and Borrower.

    


    Article
11 Copies of Agreement

    This
Agreement is in duplicate, each party has one copy.

    


    Article
12 Reminder

    Lender
has suggested that Borrower should make a thorough, accurate understanding with
respect to the provisions of this Agreement. Lender has also explained to
Borrower regarding the contents of corresponding provisions of this Agreement
upon the requests of Borrower. Both parties have the same understanding with
respect to this Agreement.

    


    Borrower
(SEAL)

    Legal
Representative

    Or
Authorized Agent

    


    Lender
(SEAL)

    Responsible
or Authorized Agent

    


    Date:
07/27/2010

    


    Place: 
   Nanhai District