Exhibit 10.1


 


Fifth Supplemental Agreement to Loan
Agreement


 


Agreement Number: BR2011021-013


 


	Party A (Creditor):	Bairui Trust Co., Ltd.
	Legal Representative:	Baojun MA
	Address:	ZhongyuanGuangfa Development Financial Building, No. 10 Business Waihuan Road, Zhengdong New District, Zhengzhou
	Contact Address:	ZhongyuanGuangfa Development Financial Building, No. 10 Business Waihuan Road, Zhengdong New District, Zhengzhou
	Telephone:	0371-69177223         Fax:           0371-69177300
	 	 
	Party B (Debtor):	Henan Pingdingshan Hongli Coking and Coal Co., Ltd.
	Legal Representative:	Jianhua LV
	Address:	The intersection between Kuanggong Road and Tiyu Road ,Xinhua District, Pingdingshan
	Contact Address:	The intersection between Kuanggong Road and Tiyu Road ,Xinhua District, Pingdingshan
	Telephone:	0375-2912016           Fax:           0375-2920035
	 	 
	Party C (Guarantor):	Pingdingshan Hongyuan Energy Science and Technology Development, Co., Ltd.
	Legal Representative:	Jianhua LV
	Address:	West Renmin Road, Chengguan Town, Baofeng County, Pingdingshan, Henan Province, People’s Republic of China
	Contact Address:	West Renmin Road, Chengguan Town, Baofeng County, Pingdingshan, Henan Province, People’s Republic of China
	Telephone:	0375-2912016           Fax:          0375-2920035
	 	 
	Party D (Guarantor):	Jianhua LV
	Identification Number:	410403196711232014
	Address:	Kaiyuan South Road East Yard No. 2, Building No. 3, No.134, Zhanhe District, Pingdingshan, Henan Province
	Contact address:	Kaiyuan South Road East Yard No. 2, Building No. 3, No.134, Zhanhe District, Pingdingshan, Henan Province
	Telephone:	13903750608             Fax:          0375-2920035


 


In view of:


 


	 	1.	Pursuant to request from Pingdingshan Rural Agricultural Trust Cooperative (hereinafter “Trustee”), Party A established Barui Baoying No. 117 Capital Trust (Hongli Coke), and disbursed funds from such trust to Party B in the form of loans.


 


	 	2.	Party A, Party B, Party C and Party D entered into the following agreements: Loan Agreement (Agreement Number: BR2011021-002, the “Loan Agreement”) on April 2, 2011; Supplemental Agreement to Loan Agreement (Agreement Number: BR2011021-005, the “First Supplemental Agreement”) on November 30, 2011; Second Supplemental Agreement to Loan Agreement (Agreement Number: BR2011021-008, the “Second Supplemental Agreement”) on April 23, 2013; Third Supplemental Agreement to Loan Agreement (Agreement Number: BR2011021-011, the “Third Supplemental Agreement”) on April 2, 2014; and Fourth Supplemental Agreement to Loan Agreement (Agreement Number: BR2011021-012, the “Fourth Supplemental Agreement”) on April 3, 2014. The Agreement set the terms that Party A will disburse trust loan to Party B, while Party C and Party D will be the guarantors of the loan. The Loan Agreement, the First Supplemental Agreement, the Second Supplemental Agreement, the Third Supplemental Agreement, and the Fourth Supplemental Agreement are collectively referred to as the “Original Agreement.”


 






    	 



    	 



    

 


	 	3.	As agreed by Trustee, Party B has applied with Party A for payment extension, which extension Party A is processing in accordance with the application.


 


Now, Party A, Party B, Party C and Party
D, after negotiations, mutually enter into this agreement to amend the terms of the Original Agreement.


 


	 	1.	The Amended Terms


 


	 	a.	The parties hereby agree that the loan principal of RMB 78,000,000.00 originally due on April 2, 2015 is now due on April 2, 2016.


 


	 	b.	The applicable interest rate for the loan principal outstanding commencing as of the date hereof shall be 11.88% per year.


  


	 	c.	The interest rate (based on 11.88% per year) is calculated on a daily basis (based on 365 days per year) from the actual date that Party A issues a loan. Interest payment is settled on the 20th day of the final month of each calendar quarter. Principal is due on the last interest payment date, with all outstanding interest due along with the principal. If settlement date falls on legal or public holiday, then settlement date shall be the first working day thereafter. Interest payment shall be made into an account designated by Party A.


 


	 	2.	Notice and Delivery


 


Any notice or response relating
to this agreement shall be by personal delivery, certified mail, express mail or facsimile. The following shall constitute delivery:


 


	 	a.	If by personal delivery, the date such delivery is signed for by the intended recipient;


 


	 	b.	If by certified mail, on the fifth working day after mailing date;


 


	 	c.	If by express mail, on the third working day after mailing date;


 


	 	d.	If by facsimile, on the date of transmission.


 


All notices under this agreement
shall be made in accordance with the contact information set forth at the beginning of this agreement. Each of Debtor and Guarantors
must notify Creditor in writing at least 15 days in advance of any change to its contact information, and shall be solely responsible
for any legal liabilities resulting from ineffective notice due to noncompliance with this provision.


 


	 	3.	Others


 


	 	a.	This agreement shall supplement the Loan Agreement, and this agreement shall govern if there is any inconsistency with the Loan Agreement, the First Supplemental Agreement, the Second Supplemental Agreement, the Third Supplemental Agreement or the Fourth Supplemental Agreement, provided that any terms not covered by this agreement shall be governed by the Loan Agreement, the First Supplemental Agreement, the Second Supplemental Agreement, the Third Supplemental Agreement, and the Fourth Supplemental Agreement.


 


	 	b.	This agreement shall become effective after its signing by the legal representatives or other authorized representatives of Parties A, B, C and D (or their seals).


 


	 	c.	This agreement shall be made in six copies, with Parties A and B each holding two, and Parties C and D each holding one, all having the same legal effect.


 






    	 



    	 



    

 


Signature Page of Agreement BR2011021-013


 


	Party A (Creditor):	Bairui Trust Co., Ltd. [seal]
	 	 
	Legal representative or	 
	Authorized Representative:	 /s/ Baojun MA
	 	 
	Party B (Debtor):	Pingdingshan Hongli Coal and Coking Co., Ltd. [seal]
	 	 
	Legal representative or	 
	Authorized Representative:	/s/  Jianhua LV
	 	 
	Party C (Guarantor):	Pingdingshan Hongyuan Energy Science and Technology Development Co., Ltd. [seal]
	 	 
	Legal representative	 
	or Authorized Representative:	/s/ Jianhua LV
	 	 
	Party D (Guarantor):	/s/ Jianhua LV


 


The agreement is entered into in Zhengdong New District,
Zhengzhou, Henan Province, on April 3, 2015