EXHIBIT 10.9

                               SECURITY AGREEMENT

1.    DATE: March 23, 2004

2.    BORROWER: Touchstone Resource USA, Inc.

3.    BORROWER'S MAILING ADDRESS (INCLUDING COUNTY):

      111 Presidential Boulevard
      Suite 165
      Bala Cynwyd, PA 19004

4.    SECURED PARTY AND MAILING ADDRESS (INCLUDING COUNTY):

      Trident Growth Fund, LP
      700 Gemini
      Houston, TX  77058

5.    CLASSIFICATION OF COLLATERAL: Accounts, cash, contract rights, property,
      equipment, general intangibles, inventory, instruments, deposit accounts,
      chattel paper, leases, mineral rights and all other assets.

6.    COLLATERAL (INCLUDING ALL ACCESSIONS): Accounts, cash, contract rights,
      property, equipment, general intangibles (including all trademarks),
      inventory, instruments, deposit accounts, chattel paper, leases, mineral
      rights and all other assets.

      a)    All attachments, accessions accessories, tools, parts supplies,
            increases, and additions to and all replacements of and
            substitutions for any property described above.

      b)    All products and produce of any of the property described in this
            Collateral section.

      c)    All accounts, contracts rights, general intangibles, instruments,
            rents, monies, payments, and all other rights, arising out of a
            sale, lease, or other disposition of any of the property described
            in this Collateral section.

      d)    All proceeds (including insurance proceeds) from the sale,
            destruction, loss, or other deposition of any of the property
            described in this Collateral section.

7.    OBLIGATION: Secured Promissory Note ("Notes"), and all other indebtedness,
      liabilities and obligations of the Borrower to the Secured Party now owing
      or hereinafter incurred.



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      a)    DATE: March 23, 2004

      b)    AMOUNT: $2,100,000

      c)    MAKER: The Borrower

      d)    PAYEE: The Secured Party

      e)    FINAL MATURITY DATE: As therein provided

      f)    TERMS OF PAYMENT (OPTIONAL): As therein provided

     Borrower grants to Secured Party a security  interest in the Collateral and
     all its proceeds to secure payment and performance of Borrower's Obligation
     and all renewals and extensions of any of the Obligation.

8.    BORROWER'S WARRANTIES:

      a)    Ownership. Borrower owns the Collateral and has the authority to
            grant this security interest.

      b)    Financial Statements. All information about Borrower's financial
            condition provided to Secured Party was accurate when submitted, as
            will be any information subsequently provided.

9.    BORROWER'S COVENANTS:

      a)    Protection of Collateral. Borrower will defend the Collateral
            against all claims and demands adverse to Secured Party's interest
            in it and will keep it free from all liens except those for taxes
            not yet due and from all security interests except this one. The
            Collateral will remain in Borrower's possession or control at all
            times, except as otherwise provided in this agreement. Borrower will
            maintain the Collateral in good condition and protect it against
            misuse, abuse, waste and deterioration except for ordinary wear and
            tear resulting from its intended use.

      b)    Insurance. Borrower, in the ordinary course of business, will insure
            the Collateral in accord with Secured Party's reasonable
            requirements.

      c)    Secured Party's Costs. Borrower will pay all expenses incurred by
            Secured Party in obtaining, preserving, perfecting, defending and
            enforcing this security interest or the Collateral and in collecting
            or enforcing the Obligation. Expenses for which Borrower is liable
            include, but are not limited to, taxes, assessments, reasonable
            attorney's fees, and other legal expenses. These expenses will bear
            interest from the dates of payments at the highest rate stated in
            notes that are part of the Obligation, and Borrower will pay Secured
            Party this interest on demand at a time and place reasonably
            specified by Secured Party. These expenses and interest will be part
            of the Obligation and will be recovered as such in all respects.

      d)    Additional Documents. Borrower will sign any papers that Secured
            Party considers necessary to obtain, maintain, and perfect this
            security interest or to comply with any relevant law.


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      e)    Notice of Changes. Borrower will immediately notify Secured Party of
            any material change in the Collateral other than in the ordinary
            course of business; change in Borrower's name, address, or location;
            change in any matter warranted or represented in this agreement;
            change that may affect this security interest; and any Event of
            Default.

      f)    Use and Removal of Collateral. Borrower will use the Collateral
            primarily according to the stated classification unless Secured
            Party consents otherwise in writing. Borrower will not allow the
            Collateral to become an accession to any goods, to be commingled
            with other goods, or to become a fixture, accession, or part of a
            product or mass with other goods except as expressly provided in
            this agreement or in the ordinary course of business.

      g)    Sale. Borrower will not sell, transfer, or encumber any of the
            Collateral without the prior written consent of Secured Party other
            than in the ordinary course of business except the Borrower may
            sell, transfer or encumber Collateral secured by Permitted Liens up
            the value of the secured indebtedness.

      h)    Borrower agrees, with regard to the Collateral and proceeds, from
            time to time when reasonably requested by Secured Party, to prepare
            and deliver a schedule of all Collateral and proceeds subject to
            this agreement and to assign in writing and deliver to secured party
            all accounts, contracts, leases and other chattel paper,
            instruments, documents and other evidences thereof.

      i)    Borrower agrees with regard to the Collateral and proceeds in the
            event Secured Party elects to receive payments of rights to payment
            or proceeds hereunder, to pay all reasonable expenses incurred by
            Secured Party in connection therewith, including reasonable expenses
            of accounting, correspondence, collection efforts, reporting,
            filing, recording, record keeping and expenses incidental thereto.

10.   RIGHTS AND REMEDIES OF SECURED PARTY:

      a)    Generally. Secured Party may exercise the following rights and
            remedies after the occurrence and continuance of an Event of
            Default:

            i.    take control of any proceeds of the Collateral;

            ii.   release any Collateral in Secured Party's possession to any
                  Borrower, temporarily or otherwise;

            iii.  take control of any funds generated by the Collateral, such as
                  refunds from and proceeds of insurance, and reduce any part of
                  the Obligation accordingly or permit Borrower to use such
                  funds to repair or replace damaged or destroyed Collateral
                  covered by insurance; and


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            iv.   demand, collect, convert, redeem, settle, compromise, receipt
                  for, realize on, adjust, sue for, and foreclose on the
                  Collateral as Secured Party desires.

            v.    exercise any of the other remedies available to the Secured
                  Party under the Loan Agreement.

      b)    Insurance. If Borrower fails to maintain insurance as required by
            this agreement or otherwise by Secured Party, then after written
            notice to Borrower, Secured Party may purchase single-interest
            insurance coverage up to the replacement value of the Collateral
            that is insurable that will protect only Secured Party. If Secured
            Party purchases this insurance, its premiums will become part of the
            Obligation.

11.   EVENTS OF DEFAULT: Each of the following events is an Event of Default if
      not cured within twenty days after notice from Secured Party of the
      occurrence of such default:

      a)    if Borrower defaults in timely payment or performance of any
            obligation, covenant, or liability in any written agreement between
            Borrower and Secured Party or in any other transaction secured by
            this agreement;

      b)    if any warranty, covenant or representation made to Secured Party by
            or on behalf of Borrower proves to have been false in any material
            respect when made;

      c)    if a receiver is appointed for Borrower or any of the Collateral;

      d)    if any financing statement regarding the Collateral but not related
            to this security interest and not favoring Secured Party is filed
            other than financing statements for the purpose of noticing
            Permitted Liens;

      e)    if any lien, other than Permitted Liens, attaches to any of the
            Collateral;

      f)    if any material amount of the Collateral is lost, stolen, damaged,
            or destroyed, unless it is promptly replaced with Collateral of like
            quality or restored to its former condition.

      g)    Secured party, in good faith, believes that any or all of the
            Collateral and/or proceeds to be in danger of misuse, dissipation,
            commingling, loss, theft, damage or destruction, or otherwise in
            jeopardy or unsatisfactory in character or value.

      h)    A Default shall occur and be continuing under the Notes.

12.   REMEDIES OF SECURED PARTY ON DEFAULT:

      During the existence of any Event of Default and subject to any applicable
      cure periods, Secured Party may declare the unpaid principal and earned
      interest of the Obligation immediately due in whole or part, enforce the
      Obligation, and exercise any rights and remedies granted by the Uniform
      Commercial Code or by this agreement, including the following:


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      a)    require Borrower to deliver to Secured Party all books and records
            relating to the Collateral;

      b)    require Borrower to assemble the Collateral and make it available to
            Secured Party at a place reasonably convenient to both parties;

      c)    take possession of any of the Collateral and for this purpose enter
            any premises where it is located if this can be done without breach
            of the peace;

      d)    sell, lease, or otherwise dispose of any of the Collateral in accord
            with the rights, remedies, and duties of a secured party under
            chapters 2 and 9 of the Texas Uniform Commercial Code after notice
            as required by those chapters; unless the Collateral threatens to
            decline speedily in value, is perishable, or would typically be sold
            on a recognized market, Secured Party will give Borrower reasonable
            notice of any public sale of the Collateral or of a time after which
            it may be otherwise disposed of without further notice to Borrower;
            in this event, notice will be deemed reasonable if it is mailed,
            postage prepaid, to Borrower at the address specified in this
            agreement at least ten days before any public sale or ten days
            before the time when the Collateral may be otherwise disposed of
            without further notice to Borrower; in this event, notice will be
            deemed reasonable if it is mailed, postage prepaid, to Borrower at
            the address specified in this agreement at least ten days before any
            private sale or ten days before any public sale or ten days before
            time when the Collateral may be otherwise disposed of without
            further notice to Borrower;

      e)    surrender any insurance policies covering the Collateral and receive
            the unearned premium;

      f)    apply any proceeds from disposition of the Collateral after default
            in the manner specified in chapter 9 of the Uniform Commercial Code,
            including payment of Secured Party's reasonable attorney's fees and
            court expenses; and

      g)    if disposition of the Collateral leaves the Obligation unsatisfied,
            collect the deficiency from Borrower.

13.   GENERAL PROVISIONS

      a)    Parties Bound. Secured Party's rights under this agreement shall
            inure to the benefit of its successors and assigns. Assignment of
            any part of the Obligation and delivery by Secured Party of any part
            of the Collateral will fully discharge Secured Party from
            responsibility for that part of the Collateral. If Borrower is more
            than one, all their representations, warranties, and agreements are
            joint and several. Borrower's obligations under this agreement shall
            bind Borrower's personal representatives, successors, and assigns.

      b)    Waiver. Neither delay in exercise nor partial exercise of any
            Secured Party's remedies or rights shall waive further exercise of
            those remedies or rights. Secured Party's failure to exercise
            remedies or rights does not waive subsequent exercise of those
            remedies or rights. Secured Party's waiver of any default does not


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            waive further default. Secured Party's waiver of any right in this
            agreement or of any default is binding only if it is in writing.
            Secured Party may remedy any default without waiving it.

      c)    Reimbursement. If Borrower fails to perform any of Borrower's
            obligations, Secured Party may perform those obligations and be
            reimbursed by Borrower on demand at the place where the note is
            payable for any sums so paid, including attorney's fees and other
            legal expenses, plus interest on those sums from the dates of
            payment at the rate stated in the note for matured, unpaid amounts.
            The sum to be reimbursed shall be secured by this security
            agreement.

      d)    Interest Rate. Interest included in the Obligation shall not exceed
            the maximum amount of non-usurious interest that may be contracted
            for, taken, reserved, charged, or received under law; any interest
            in excess of that maximum amount shall be credited to the principal
            of the obligation or, if that has been paid, refunded. On any
            acceleration or required or permitted prepayment of the Obligation,
            any such excess shall be canceled automatically as of the
            acceleration or prepayment or, if already paid, credited on the
            principal amount of the Obligation or, if the principal amount has
            been paid, refunded.

      e)    Modifications. No provisions of this agreement shall be modified or
            limited except by written agreement.

      f)    Severability. The unenforceability of any provision of this
            agreement will not effect the enforceability or validity of any
            other provision.

      g)    After-Acquired Consumer Goods. This security interest shall attach
            to after-acquired consumer goods only to the extent permitted by
            law.

      h)    Applicable Law. This agreement will be construed according to Texas
            laws.

      i)    Place of Performance. This agreement is to be performed in the
            county of Secured Party's mailing address. In this case, the
            agreement will be performed in Dallas county, Texas.

      j)    Financing Statement. A carbon, photographic, or other reproduction
            of this agreement or any financing statement covering the Collateral
            is sufficient as a financing statement. Borrower authorizes Secured
            Party to file any financing statements Secured Party deems necessary
            to perfect the interests granted herein.

      k)    Presumption of Truth and Validity. If the Collateral is sold after
            default, recitals in the bill of sale or transfer will be prima
            facie evidence of their truth, and all prerequisites to the sale
            specified by this agreement and by the Texas Uniform Commercial Code
            will be presumed satisfied.


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      l)    Singular and Plural. When the context requires, singular nouns and
            pronouns include the plural.

      m)    Cumulative Remedies. Foreclosure of this security interest by suit
            does not limit Secured Party's remedies, including the right to sell
            the Collateral under the terms of this agreement. All remedies of
            Secured Party may be exercised at the same or different times, and
            no remedy shall be a defense to any other. Secured Party's rights
            and remedies include all those granted by law or otherwise, in
            addition to those specified in this agreement.

      n)    Agency. Borrower's appointment of Secured Party as Borrower's agent
            is coupled with an interest and will survive any disability of
            Borrower.


Secured Party:
TRIDENT GROWTH FUND, LP

/s/ Scott Cook

Borrower:
TOUCHSTONE RESOURCES USA, INC.

/s/ Stephen P. Harrington
STEPHEN P. HARRINGTON
PRESIDENT




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