Exhibit
10.19


 


Land
Compensation Agreement


 


	Party A:	Pingdingshan Weidong District East Worker Town Lvzhuang Village Committee
	 	 
	Party
B:	Pingdingshan Xulong Renewable Resources Co., Ltd.




  


In
accordance with the Land Law and related regulations of Henan Province, based on the principle of rightful use of land, Party
A and Party B entered into the following agreement through fair negotiation in relation to the requisition of a 56.11 mu (approximately
9.2 acres) land in Party A’s jurisdiction for the construction of Pingdingshan Xulong Renewable Resources Park.


 


		I.	The
                                         land to be requisitioned is located at Pingdingshan Weidong District East Worker Town
                                         Lvzhuang Village, south of the Twelve Mine drainage channel, north of Twelve Mine Road,
                                         west of a vacant lot in Lvzhuang Village, east of East Twelve Mine Road.



 


		II.	The
                                         land to be requisitioned is about 56.11 mu (approximately 9.2 acres) in area. The specific
                                         area of the land shall be determined by further measurement by the parties or land authorities.



 


		III.	The
                                         land will be requisitioned at the rate of RMB 260,000/mu, or RMB 14,588,600 in total,
                                         which amount covers the compensation for land acquisition, relocation fee, crop compensation,
                                         fixtures and all other fees and payments.



 


		IV.	Party
                                         A shall properly distribute the compensation for land acquisition, relocation fee and
                                         crop compensation to affected residents. Party B shall pay no additional fees under any
                                         circumstances.



 


		V.	Upon
                                         signing this agreement, Party B shall pay the requisition payment in one lump-sum payment
                                         once the land use right transfer is complete.



 


		VI.	Party
                                         A shall make all reasonable efforts in completing Party B’s land use right documentations
                                         and procedures.



 


		VII.	Upon
                                         signing this agreement, Party B shall advance RMB 1,600,000 in requisition payment to
                                         Party A. Party B may start using the land before the land use right documentation is
                                         complete.



 


		IX.	Party
                                         B shall use the land for construction and business operation. Party A shall help Party
                                         B coordinate with local residents and resolve disputes.



 


		X.	Party
                                         B shall give priority to Party A’s residents when hiring employees, given the candidates
                                         are equally qualified.



 


		XI.	This
                                         agreement is executed in four duplicates. Each party shall hold two duplicates.



  
 	Party
                           A:Pingdingshan Weidong District

East Worker Town Lvzhuang Village Committee







	 	Party B: Pingdingshan Xulong Renewable

Resources Co., Ltd.
	(Signature and Stamp)	 	(Signature and Stamp)
	 	 	 
	June 6, 2012