Document:

Exhibit 10.5

                      INVESTMENT MANAGEMENT TRUST AGREEMENT

      This Agreement is made as of ____, 2007, by and between China Resources
Ltd. (the "Company") and American Stock Transfer & Trust Company (the
"Trustee").

      WHEREAS, the Company's Registration Statement on Form S-1, No. 333-_____
(the "Registration Statement"), for its initial public offering of securities
("IPO") has been declared effective as of the date hereof by the Securities and
Exchange Commission (the "Effective Date");

      WHEREAS, Maxim Group LLC ("Maxim" or the "Representative") is acting as
the representative of the underwriters in the IPO (the "Underwriters");

      WHEREAS, the Company has agreed to sell an aggregate of 2,600,000 warrants
to purchase 2,600,000 shares of the Company's common stock, par value $.0001 per
share, for a purchase price of $1.00 per warrant in a private placement that
will occur no less than two days prior to the effective date of the IPO (the
"Placement");

      WHEREAS, as described in the Registration Statement, and in accordance
with the Company's Certificate of Incorporation, an aggregate of $39,200,000
($44,840,000 if the Underwriters' over-allotment option is exercised in full),
which is comprised of (i) the net proceeds of the IPO (except as provided in the
Registration Statement); (ii) the $2,600,000 received by the Company in exchange
for its securities pursuant to the Placement; and (iii) an additional $800,000
($920,000, if the Underwriters' over-allotment option is exercised in full) of
the proceeds of the IPO, representing the deferred portion of the underwriting
compensation referred to in the Registration Statement (the "Contingent
Discount") which the Representative has agreed to deposit in the Trust Account
(as defined below), will be delivered to the Trustee to be deposited and held in
the Trust Account for the benefit of the Company, and the holders of the
Company's common stock, par value $.0001 per share (the "Common Stock"),
included in the units (the "IPO Shares") of the Company's securities issued in
the IPO (the "Units") and the Representative and, in the event the securities
offered in the IPO are registered in Colorado, pursuant to Section 11-51-302(6)
of the Colorado Revised Statutes (the "CRS"), a copy of which is attached hereto
and made a part hereof. The amount to be delivered to the Trustee and all
interest or dividend income received with respect thereto will be referred to
herein as the "Property," the stockholders for whose benefit the Trustee shall
hold the Property will be referred to as the "Public Stockholders," and the
Public Stockholders, the Representatives and the Company will be referred to
together as the "Beneficiaries;" and

      WHEREAS, the Company and the Trustee desire to enter into this Agreement
to set forth the terms and conditions pursuant to which the Trustee shall hold
the Property; and

      NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
and agreements herein contained, the parties hereto agree as follows:

<PAGE>

      1. Agreements and Covenants of Trustee. The Trustee hereby agrees and
covenants to:

            (a) hold the Property in trust for the Beneficiaries in accordance
with the terms of this Agreement, including, without limitation, with respect to
the Public Stockholders, the terms of Section 11-51-302(6) of the CRS, in a
segregated trust account established by the Trustee at a branch of Merrill
Lynch, Pierce Fenner & Smith Incorporated. and in a segregated account at a
brokerage institution selected by the Trustee (collectively, the "Trust
Account");

            (b) manage, supervise and administer the Trust Account subject to
the terms and conditions set forth herein;

            (c) in a timely manner, upon the instruction of the Company, to
invest and reinvest the Property in "government securities," within the meaning
of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the "1940
Act"), having a maturity of 180 days or less or in any open ended investment
company registered under the 1940 Act selected by the Company that holds itself
out as a money market fund meeting the conditions of paragraphs (c)(2), (c)(3)
and (c)(4) under Rule 2a-7 promulgated under the 1940 Act as determined by the
Company;

            (d) collect and receive, when due, all principal and income arising
from the Property, which shall become part of the "Property," as such term is
used herein;

            (e) notify within two business days the Company of all
communications received by it with respect to any Property requiring action by
the Company;

            (f) supply any necessary information or documents as may be
requested by the Company in connection with the Company's preparation of the tax
returns for the Trust Account or the Company;

            (g) participate in any plan or proceeding for protecting or
enforcing any right or interest arising from the Property if, as and when
instructed by the Company and/or the Representatives to do so;

            (h) render to the Company and to the Representative, and to such
other persons as the Company may instruct, monthly written statements of the
activities of and amounts in the Trust Account reflecting all receipts and
disbursements of the Trust Account; and

            (i) commence liquidation of the Trust Account upon receipt of the
Officers' Certificate signed by the Chief Executive Officer and Chief Financial
Officer in accordance with the terms of a letter (the "Termination Letter"), in
a form substantially similar to that attached hereto as Exhibit A or Exhibit B,
signed on behalf of the Company by its Chief Executive Officer and Chief
Financial Officer, and complete the liquidation of the Trust Account and
distribute the Property in the Trust Account only as directed in the Termination
Letter and the other documents referred to therein as part of the Company's plan
of dissolution and liquidation approved by the Company's stockholders. The
Trustee understands and agrees that, except as provided in Section 1(j) and
Section 2 hereof, disbursements from the Trust Account shall be made only
pursuant to a duly executed Termination Letter, together with the other
documents referenced herein, including, without limitation, an independently
certified oath and report of inspector of election in respect of the stock vote

                                       2
<PAGE>

in favor of the Business Combination (as hereinafter defined). In all cases, the
Company shall provide the Representative with a copy of any Termination Letter,
Officers' Certificates and/or any other correspondence that it issues with
respect to any proposed withdrawal from the Trust Account promptly after it
issues same. As used in this Agreement, the term "Business Combination" means
the acquisition by the Company, through merger, capital stock exchange, asset
acquisition, stock purchase or other similar business combination with, one or
more operating business service providers, as more fully described in the
prospectus forming a part of the Registration Statement; and

            (j) as of the date 18 months from the date of this Agreement (the
"LOI Termination Date") (or 24 months from the date hereof, in the event the
Company has executed a Letter of Intent (defined below) prior to the LOI
Termination Date but failed to consummate a Business Combination ("Second
Termination Date")), commence liquidation of the Trust Account. The Trustee,
upon consultation with the Company and the Representative, shall deliver a
notice to Public Stockholders of record as of the LOI Termination Date or Second
Termination Date, whichever the case may be, by U.S. mail or via the Depository
Trust Company ("DTC"), within five days of the LOI Termination Date or Second
Termination Date, to notify the Public Stockholders of such event and take such
other actions as it may deem necessary to inform the Beneficiaries. Following
the requisite approval of the Company's stockholders, the Trustee shall deliver
to each Public Stockholder its ratable share of the Property against
satisfactory evidence of delivery of the stock certificates by the Public
Stockholders to the Company through DTC, its Deposit Withdraw Agent Commission
(DWAC) system or as otherwise presented to the Trustee. Notwithstanding the
foregoing, if the Trustee receives a bona fide, executed letter of intent,
agreement in principle or engagement letter (a "Letter of Intent") for a
Business Combination prior to the LOI Termination Date accompanied by an
Officers' Certificate as described in Section 3(e) hereof, then the Trustee
shall forego or suspend any liquidation of the Trust Account until the earlier
of a Business Combination or the Second Termination Date.

      2. Limited Distributions of Income on Property.

            (a) If there is any income tax obligation relating to the income
from the Property in the Trust Account, then, at the written instruction of the
Company, the Trustee shall disburse to the Company by wire transfer, out of the
Property in the Trust Account, the amount indicated by the Company as required
to pay income [and franchise]taxes.

      Upon one or more written requests from the Company, the Trustee shall
distribute to the Company interest or dividends earned on the Property in the
Trust Account, net of taxes payable, up to a maximum of $1,000,000; provided;
however, that in the event the over-allotment option is exercised in full, the
Company shall be prohibited from receiving distributions of income earned on the
amount deposited in the Trust Account until after the first $240,000 of income
is earned on the amount deposited in the Trust Account (net of taxes payable),
which amount shall be added to the amount deposited in the Trust Account
resulting in an amount of $10.00 for each share represented by certificates held
by Public Stockholders.

            (b) . The distributions requested by the Company may be for any
amount, provided that (i) in the aggregate, all distributions under this Section
2(b) may not exceed $1,000,000, and (ii) such distributions may only be made if
and to the extent that income has been earned and collected on the amount
initially deposited into the Trust Account.

                                       3
<PAGE>

            (c) Upon receipt by the Trustee of a written instruction from the
Company for distributions from the Trust Account in connection with a plan of
dissolution and distribution, accompanied by an Officers' Certificate signed by
the Chief Executive Officer and Chief Financial Officer of the Company
certifying as true, accurate and complete (i) a statement of the amount of
actual expenses incurred or, where known with reasonable certainty, imminently
to be incurred by the Company in connection with its dissolution and
distribution, including any fees and expenses incurred or imminently to be
incurred by the Company in connection with seeking stockholder approval of the
Company's plan of dissolution and distribution, (ii) any amounts due to pay
creditors or required to reserve for payment to creditors, and (iii) the sum of
(i) and (ii), the Trustee shall distribute to the Company an amount, as directed
by the Company in the instruction letter, up to the sum of (i) and (ii) as
indicated in the instruction letter.

            (d) Except as provided in Sections 1(i), 1(j), 2(a), 2(b), and 2(c)
above, no other distributions from the Trust Account shall be permitted.

            (e) It is acknowledged and agreed by the parties hereto that with
respect to all requests for distributions to or on behalf of the Company
pursuant to this Section 2, paragraphs (a), (b) and (c), the Trustee's only
responsibility is to follow the instructions of the Company.

      3. Agreements and Covenants of the Company. The Company hereby agrees and
covenants:

            (a) to provide all instructions to the Trustee hereunder in writing,
signed by the Company's Chief Executive Officer and Chief Financial Officer,
with a copy to the Representatives. In addition, except with respect to its
duties under paragraph 1(i) and 1(j) above, the Trustee shall be entitled to
rely on, and shall be protected in relying on, any verbal or telephonic advice
or instruction which it, in good faith, believes to be given by any one of the
persons authorized above to give written instructions, provided that the Company
and/or the Representatives shall promptly confirm such instructions in writing;

            (b) to hold the Trustee harmless and indemnify the Trustee from and
against any and all expenses, including reasonable counsel fees and
disbursements, or loss suffered by the Trustee in connection with any action,
suit or other proceeding brought against the Trustee involving any claim, or in
connection with any claim or demand which in any way arises out of or relates to
this Agreement, the services of the Trustee hereunder, or the Property or any
income earned from investment of the Property, except for expenses and losses
resulting from the Trustee's gross negligence or willful misconduct. Promptly
after the receipt by the Trustee of notice of demand or claim or the
commencement of any action, suit or proceeding, pursuant to which the Trustee
intends to seek indemnification under this paragraph, it shall notify the
Company in writing of such claim (hereinafter referred to as the "Indemnified
Claim"). The Trustee shall have the right to conduct and manage the defense
against such Indemnified Claim. The Company may participate in such action with
its own counsel;

                                       4
<PAGE>

            (c) to pay the Trustee an initial acceptance fee and an annual fee
as set forth on Schedule A at the consummation of the IPO and thereafter on the
anniversary of the Effective Date. In addition, the Company shall pay the
Trustee a transaction processing fee for each disbursement made pursuant to
Sections (a), (b) or (c) as set forth on Schedule A hereto and that said
transaction processing fee may be added to the amounts requested by the Company
and deducted from the disbursement made to or on behalf of the Company pursuant
to Sections 2(b), (b) and (c). The Trustee shall refund to the Company the fee
(on a pro rata basis) with respect to any period after the liquidation of the
Trust Fund. The Company shall not be responsible for any other fees or charges
of the Trustee, except as may be provided in Section 3(b) hereof (it being
expressly understood that the Property shall not be used to make any payments to
the Trustee under such section);

            (d) that, in the event that the Company completes a Business
Combination and the Trust Account is liquidated in accordance with Section 1(i)
hereof, the Trustee or another independent party designated by the
Representatives shall act as the inspector of election to certify the results of
the stockholder vote;

            (e) that the Officers' Certificate referenced in Sections 1(i) and
(j) hereof shall require the Chief Executive Officer and Chief Financial Officer
of the Company to each certify the following (wherever applicable): (1) prior to
the LOI Termination Date, the Company has entered into a bona fide Letter of
Intent with a target business; and/or (2) prior to the LOI Termination Date, the
Company has entered into a Business Combination with a target business, the
terms of which are consistent with the requirements set forth in the
Registration Statement; and/or (3) prior to the Second Termination Date, the
Company has entered into a Business Combination with a target business, the
terms of which are consistent with the requirements set forth in the
Registration Statement; and (4) the Board of Directors (the "Board"), has
approved (where applicable): (i) the Business Combination; and/or (ii) the
Letter of Intent;

            (f) in connection with any vote of the Company's stockholders
regarding a Business Combination, to provide to the Trustee an affidavit or
certificate of a firm regularly engaged in the business of soliciting proxies
and tabulating stockholder votes (which firm may be the Trustee) verifying the
vote of the Company's stockholders regarding such Business Combination;

            (g) in connection with any vote of the Company's stockholders
regarding a dissolution and liquidation, to provide to the Trustee an affidavit
or certificate of a firm regularly engaged in the business of tabulating
stockholder votes (which firm may be the Trustee) verifying the vote of the
Company's stockholders regarding such dissolution and liquidation; and

            (h) within five business days after the Underwriters' over-allotment
option (or any unexercised portion thereof) expires or is exercised in full, to
provide the Trustee notice in writing (with a copy to the Representative) of the
total amount of the Contingent Discount, which shall in no event be less than
$800,000 less any amounts returned to stockholders of the Company who have
elected to convert their shares into a cash payment per share of $10.00 from the
Trust Account in connection with a Business Combination.

                                       5
<PAGE>

      4. Limitations of Liability. The Trustee shall have no responsibility or
liability to:

            (a) take any action with respect to the Property, other than as
directed in Section 1 hereof, and the Trustee shall have no liability to any
party except for liability arising out of its own gross negligence or willful
misconduct;

            (b) institute any proceeding for the collection of any principal and
income arising from, or institute, appear in or defend any proceeding of any
kind with respect to, any of the Property, unless and until it shall have
received written instructions from the Company given as provided herein to do so
and the Company shall have advanced or guaranteed to it funds sufficient to pay
any expenses incident thereto;

            (c) change the investment of any Property, other than in compliance
with Section 1(c);

            (d) refund any depreciation in principal of any Property;

            (e) assume that the authority of any person designated by the
Company and/or the Representatives to give written instructions hereunder shall
not be continuing unless provided otherwise in such designation, or unless the
Company and/or the Representatives shall have delivered a written revocation of
such authority to the Trustee;

            (f) the other parties hereto or to anyone else for any action taken
or omitted by it, or any action suffered by it to be taken or omitted, in good
faith and in the exercise of its own best judgment, except for its gross
negligence or willful misconduct. The Trustee may rely conclusively on, and
shall be protected in acting upon, any order, notice, demand, certificate,
opinion or advice of counsel (including counsel chosen by the Trustee),
statement, instrument, report or other paper or document (not only as to its due
execution and the validity and effectiveness of its provisions, but also as to
the truth and acceptability of any information therein contained) which is
believed by the Trustee, in good faith, to be genuine and to be signed or
presented by the proper person or persons. The Trustee shall not be bound by any
notice or demand, or any waiver, modification, termination or rescission of this
Agreement or any of the terms hereof, unless evidenced by a written instrument
delivered to the Trustee signed by the proper party or parties and, if the
duties or rights of the Trustee are affected, unless it shall give its prior
written consent thereto;

            (g) verify the correctness of the information set forth in the
Registration Statement or to confirm or assure that any acquisition made by the
Company or any other action taken by it is as contemplated by the Registration
Statement, unless an officer of the Trustee has actual knowledge thereof,
written notice of such event is sent to the Trustee or as otherwise required
under Section 1(i) hereof; and

            (h) pay any taxes on behalf of the Trust Account (it being expressly
understood that the Trustee's sole obligation with respect to taxes shall be to
disburse funds to the Company with respect thereto as provided for by Section
2(a) hereof).

      5. Certain Rights Of Trustee.

            (a) Before the Trustee acts or refrains from acting, it may require
an Officers' Certificate or opinion of counsel or both. The Trustee shall not be

                                       6
<PAGE>

liable for any action it takes or omits to take in good faith in reliance on
such Officers' Certificate or opinion of counsel. The Trustee may consult with
counsel and the advice of such counsel or any opinion of counsel shall be full
and complete authorization and protection from liability in respect of any
action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon.

            (b) The Trustee may act through its attorneys and agents and shall
not be responsible for the misconduct or negligence of any agent appointed with
due care.

            (c) The Trustee shall not be liable for any action it takes or omits
to take in good faith that it believes to be authorized or within the rights or
powers conferred upon it by this Agreement.

            (d) The Trustee shall not be responsible for and makes no
representation as to the validity or adequacy of this Agreement, and it shall
not be accountable for the Company's use of the proceeds from the Trust Account.
Notwithstanding the effective date of this Agreement or anything to the contrary
contained in this Agreement, the Trustee shall have no liability or
responsibility for any act or event relating to this Agreement or the
transactions related thereto which occurs prior to the date of this Agreement,
and shall have no contractual obligations to the Beneficiaries until the date of
this Agreement.

      6. No Right of Set-Off. The Trustee waives any right of set-off or any
right, title, interest or claim of any kind that the Trustee may have against
the Property held in the Trust Account. In the event that the Trustee has a
claim against the Company under this Agreement, including, without limitation,
under Section 3(b), the Trustee will pursue such claim solely against the
Company and not against the Property held in the Trust Account.

      7. Termination. This Agreement shall terminate as follows:

            (a) if the Trustee gives written notice to the Company that it
desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee during which time the Trustee shall
continue to act in accordance with the terms of this Agreement. At such time
that the Company notifies the Trustee that a successor trustee has been
appointed by the Company and has agreed to become subject to the terms of this
Agreement, the Trustee shall transfer the management of the Trust Account to the
successor trustee, including, but not limited, the transfer of copies of the
reports and statements relating to the Trust Account, whereupon this Agreement
shall terminate; provided, however, that, in the event the Company does not
locate a successor trustee within 90 days of receipt of the resignation notice
from the Trustee, the Trustee may submit an application to have the Property
deposited with the United States District Court for the Southern District of New
York and, upon such deposit, the Trustee shall be immune from any liability
whatsoever that arises due to any actions or omissions to act by any party after
such deposit;

            (b) at such time that the Trustee has completed the liquidation of
the Trust Account in accordance with the provisions of Section 1(i) hereof, and
distributed the Property in accordance with the provisions of the Termination
Letter, this Agreement shall terminate except with respect to Section 3(b)
hereof; or

                                       7
<PAGE>

            (c) on such date after ______, 2009 (or ______, 2009, in the event
that the Company has executed a Letter of Intent prior to the Second Termination
Date) when the Trustee deposits the Property with the United States District
Court for the Southern District of New York in the event that, prior to such
date, the Trustee has not received a Termination Letter from the Company
pursuant to Section 1(i) or (j) hereof.

      8. Miscellaneous.

            (a) The Company and the Trustee each acknowledge that the Trustee
will follow the security procedures set forth below with respect to funds
transferred from the Trust Account. Upon receipt of written instructions, the
Trustee will confirm such instructions with an "Authorized Individual" at an
"Authorized Telephone Number" listed on the attached Exhibit C. The Company and
the Trustee will each restrict access to confidential information relating to
such security procedures to authorized persons. Each party must notify the other
party immediately if it has reason to believe unauthorized persons may have
obtained access to such information or of any change in its authorized
personnel. In executing funds transfers, the Trustee will rely upon account
numbers or other identifying numbers of a beneficiary, beneficiary's bank or
intermediary bank, rather than names. The Trustee shall not be liable for any
loss, liability or expense resulting from any error in an account number or
other identifying number, provided it has accurately transmitted the numbers
provided.

            (b) This Agreement shall be governed by and construed and enforced
in accordance with the laws of the State of New York, without giving effect to
conflict of laws. It may be executed in several counterparts, each one of which
shall constitute an original, and together shall constitute one instrument.
Facsimile signatures shall constitute original signatures for all purposes of
this Agreement.

            (c) This Agreement contains the entire agreement and understanding
of the parties hereto with respect to the subject matter hereof. This Agreement
or any provision hereof may only be changed, amended or modified by a writing
signed by each of the parties hereto; provided, however, that no such change,
amendment or modification (other than to correct a typographical error or
similar technical error) may be made to Sections 1(i), 1(j), 2(a), 2(b) or 2(c)
hereof without the consent the Public Stockholders holding 95% of the Company's
issued and outstanding Common Stock, it being the specific intention of the
parties hereto that each Public Stockholder is and shall be a third-party
beneficiary of this Section 8(c) with the same right and power to enforce this
Section 8(c), the "consent of the Public Stockholders holding 95% of the
Company's issued and outstanding Common Stock" shall mean receipt by the Trustee
of a certificate from an entity certifying that (i) such entity regularly
engages in the business of serving as inspector of elections for companies whose
securities are publicly traded, and (ii) either (a) Public Stockholders of
record holding 95% of the Company's issued and outstanding Common Stock as of a
record date established in accordance with Section 213(a) of the Delaware
General Corporation Law, as amended (the "DGCL"), have voted in favor of such
amendment or modification, or (b) Public Stockholders of record holding 95% of
the Company's issued and outstanding Common Stock as of a record date
established in accordance with Section 213(b) of the DGCL has delivered to such
entity a signed writing approving such amendment or modification. The
Representative, who, along with the other Underwriters, the parties specifically
agree, are and shall be third party beneficiaries for purposes of this
Agreement; and provided further, any amendment to Section 1(j) shall require the
consent of all of the Public Stockholders. As to any claim, cross-claim or
counterclaim in any way relating to this Agreement, each party waives the right
to trial by jury.

                                       8
<PAGE>

            (d) The parties hereto consent to the jurisdiction and venue of any
state or federal court located in the State and County of New York for purposes
of resolving any disputes hereunder. The parties hereto irrevocably submit to
such jurisdiction, which jurisdiction shall be exclusive, and hereby waive any
objection to such exclusive jurisdiction and that such courts represent an
inconvenient forum.

            (e) Any notice, consent or request to be given in connection with
any of the terms or provisions of this Agreement shall be in writing and shall
be sent by express mail or similar private courier service, by certified mail
(return receipt requested), by hand delivery or by facsimile transmission:

                    if to the Trustee, to:

                    American Stock Transfer & Trust Company
                    59 Maiden Lane
                    New York, New York 10038
                    Attn: Herb Lemmer, Vice President
                    Fax No.: (718) 331-1852

                    if to the Company, to:

                    China Resources Ltd.
                    Shen Zhen China Jia Yue Trading Co., Ltd., Room 921,
                    Block A, Golden Central Tower,
                    Jintian Road
                    Futian District, Shenzhen, P.R. China
                    Attn: Chief Executive Officer
                    Fax No 86- 755-23993698

                    in either case with a copy to:

                    Maxim Group LLC
                    405 Lexington Avenue
                    New York, New York 10174
                    Attn: Clifford A. Teller, Director of Investment Banking
                    Fax No.: (212) 895-3783

                                       9
<PAGE>

                    and

                    Eaton & VanWinkle LLP
                    Three Park Avenue, 16th floor
                    New York, New York 10016
                    Attn: Vincent McGill Esq.
                    Fax No.: (212) 779-9928

                    and

                    Ellenoff Grossman & Schole LLP
                    370 Lexington Avenue
                    New York, New York 10017
                    Attn: Douglas S. Ellenoff, Esq.
                    Fax No.: (212) 370-7889

            (f) This Agreement may not be assigned by the Trustee without the
prior written consent of the Company and the Representatives.

            (g) Each of the Trustee and the Company hereby represents that it
has the full right and power and has been duly authorized to enter into this
Agreement and to perform its respective obligations as contemplated hereunder.
The Trustee acknowledges and agrees that it shall not make any claims or proceed
against the Trust Account, including by way of set-off, and shall not be
entitled to any funds in the Trust Account under any circumstance.

   (Remainder of document intentionally left blank. Signature page to follow.)

                                       10
<PAGE>

      IN WITNESS WHEREOF, the parties have duly executed this Investment
Management Trust Agreement as of the date first written above.

                                            AMERICAN STOCK TRANSFER & TRUST
                                            COMPANY, as Trustee

                                            By: ________________________________
                                                Name:
                                                Title:

                                            CHINA RESOURCES LTD.

                                            By: ________________________________
                                                Name:  Fuzu Zeng
                                                Title: Chief Executive Officer

                                       11
<PAGE>

                                    EXHIBIT A

                             [Letterhead of Company]

[Insert date]

American Stock Transfer & Trust Company
59 Maiden Lane
New York, New York 10038

Attn: [______________]

      Re:   Trust Account No. _________ / Brokerage Account No. [ ]
            Termination Letter

Gentlemen:

      Pursuant to Section 1(i) of the Investment Management Trust Agreement
between China Resources Ltd. (the "Company") and American Stock Transfer &
Trust Company (the "Trustee"), dated as of _____, 2007 (the "Trust Agreement"),
this is to advise you that the Company has entered into an agreement (the
"Business Agreement") with [___________] ("Target Business") to complete a
business combination with Target Business (the "Business Combination") on or
about [insert date]. The Company shall notify you at least 48 hours in advance
of the actual date of the consummation of the Business Combination (the
"Consummation Date") and shall provide you with an Officers' Certificate in
accordance with Sections 1(i) and 2(c) of the Trust Agreement. Capitalized terms
used herein and not otherwise define shall have the meaning ascribed to them in
the Trust Agreement.

      In accordance with paragraph [___] of [___] of the Certificate of
Incorporation of the Company, the Business Combination has been approved by the
stockholders of the Company and by the Public Stockholders holding a majority of
the IPO Shares, and Public Stockholders holding less than 35% of the IPO Shares
have voted against the Business Combination and given notice of exercise of
their conversion rights described in paragraph [___] of Article [___] of the
Certificate of Incorporation of the Company. Pursuant to Section 3(f) of the
Trust Agreement, we are providing you with [ an affidavit ] [ a certificate ] of
___________, which verifies the vote of the Company's stockholders in connection
with the Business Combination.

      In accordance with the terms of the Trust Agreement, we hereby authorize
you to commence liquidation of the Trust Account to the effect that, on the
Consummation Date, all of funds held in the Trust Account will be immediately
available for transfer to the account or accounts that the Company and the
Representative shall direct in writing on the Consummation Date.

                                       12
<PAGE>

      On the Consummation Date, (i) counsel for the Company shall deliver to you
written notification that (a) all of the conditions to closing of the Business
Combination have been satisfied and the closing date for such Business
Combination has been scheduled pursuant to the terms of the Business Agreement,
and (b) the provisions of Section 11-51-302(6) and Rule 51-3.4 of the CRS have
been met, to the extent applicable; (ii) the Company shall deliver along with
the oath and report of inspector of election certified by an independent
inspector which may be the Trustee or as otherwise appointed by the
Representatives (collectively, the "Report"); and (iii) the Company and the
Representatives shall deliver to you joint written instructions with respect to
the transfer of the funds, including the Contingent Discount, held in the Trust
Account ("Instructions"). You are hereby directed and authorized to transfer the
funds held in the Trust Account immediately upon your receipt of the counsel's
letter, the Report, evidence of delivery of the Stock Certificates, the
Officers' Certificate and the Instructions in accordance with the terms of the
Instructions. We hereby agree and acknowledge that the Property in the Trust
Account shall be distributed in accordance with the terms of the Instructions.
In the event that certain deposits held in the Trust Account may not be
liquidated by the Consummation Date without penalty, you will notify the Company
and the Representatives of the same and, if the amount set forth in sub-clause
(1) shall not have been paid in full, the Representatives and the Company shall
issue joint written instructions directing you as to whether such funds should
remain in the Trust Account and be distributed after the Consummation Date to
the Company and/or the Representatives. Upon the distribution of all the funds
in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be
terminated.

      In the event that the Business Combination is not consummated on the
Consummation Date described in the notice thereof and we have not notified you
on or before the original Consummation Date of a new Consummation Date, then
upon the receipt of written instructions, the funds held in the Trust Account
shall be reinvested as provided in the Trust Agreement on the business day
immediately following the Consummation Date, as set forth in the notice.

                                   Very truly yours,

                                   CHINA RESOURCES LTD.

                                   By: _________________________________________
                                       Fuzu Zeng, Chief Executive Officer

                                   By: _________________________________________
                                       Gerald Nugawela, Chief Financial Officer

                                       13
<PAGE>

                                    EXHIBIT B

                             [Letterhead of Company]

[Insert date]

American Stock Transfer & Trust Company
59 Maiden Lane
New York, New York 10038

Attn: [______________]

            Re:   Trust Account No. ____ / Brokerage Account No. [ ]
                  Termination Letter

Gentlemen:

      Pursuant to Section 1(i) of the Investment Management Trust Agreement
between China Resources Ltd. (the "Company') and American Stock Transfer & Trust
Company (the `Trustee"), dated as of _____, 2007 (the `Trust Agreement"), this
is to advise you that the Board of Directors and stockholders of the Company
have voted to dissolve the Company and liquidate the Trust Account (as defined
in the Trust Agreement). Attached hereto is a copy of the minutes of the meeting
of the Board of Directors of the Company relating thereto, certified by the
Secretary of the Company as true and correct and in full force and effect.

      In accordance with the terms of the Trust Agreement, we hereby (a) certify
to you that the provisions of Section 11-51-302(6) and Rule 51-3.4 of the
Colorado Revised Statutes have been met, and (b) authorize you to commence
liquidation of the Trust Account as a part of the Company's plan of dissolution
and distribution. In connection with this liquidation, you are hereby authorized
to establish a record date for the purposes of determining the stockholders of
record entitled to receive their per share portion of the Trust Account. The
record date shall be within ten (10) days of the liquidation date, or as soon as
thereafter as is practicable. You will notify the Company and the paying agent
appointed by the Company _______________ ("Designated Paying Agent") in writing
as to when all of the funds in the Trust Account will be available for immediate
transfer ("Transfer Date"). The Designated Paying Agent shall thereafter notify
you as to the account or accounts of the Designated Paying Agent that the funds
in the Trust Account should be transferred to on the Transfer Date so that the
Designated Paying Agent may commence distribution of such funds in accordance
with terms of the Trust Agreement and the Company's Certificate of
Incorporation,

                                       14
<PAGE>

as amended. Upon the payment of all the funds in the Trust Account, the Trust
Agreement shall be terminated and the Trust Account closed.

                                    Very truly yours,

                                    CHINA RESOURCES LTD.

                                    By: ________________________________________
                                        Fuzu Zeng, Chief Executive Officer

                                    By: ________________________________________
                                        Gerald Nugawela, Chief Financial Officer

                                       15
<PAGE>

                                    EXHIBIT C

AUTHORIZED INDIVIDUAL(S)                                  AUTHORIZED
FOR TELEPHONE CALL BACK                                   TELEPHONE NUMBER(S)
-----------------------                                   -------------------

Company:

China Resources Ltd.
Shen Zhen China Jia Yue Trading Co., Ltd., Room 921,
Block A, Golden Central Tower, Jintian Road, Futian
District, Shenzhen,
 P.R. China
Attn: Fuzu Zeng, Chief Executive Officer

Trustee:

American Stock Transfer & Trust Company
59 Maiden Lane
New York, New York 10038
Attn: Herb Lemmer, Vice President

Underwriters:

Maxim Group LLC
405 Lexington Avenue
New York, New York 10174
Attn:  Clifford A. Teller, Director of Investment Banking

                                       16Exhibit 10.6

                           SECURITIES ESCROW AGREEMENT

      THIS SECURITIES ESCROW AGREEMENT, dated as of ____ __, 2007 (this
"Agreement"), by and among CHINA RESOURCES LTD., a Delaware corporation (the
"Company"), the undersigned parties listed under Initial Stockholders on the
signature page hereto (collectively, the "Initial Stockholders") and AMERICAN
STOCK TRANSFER & TRUST COMPANY, a New York corporation (the "Escrow Agent").

      WHEREAS, the Company has entered into an Underwriting Agreement, dated
____, 2007 ("Underwriting Agreement"), with Maxim Group LLC ("Maxim" or the
"Representative") acting as representative of the several underwriters
(collectively, the "Underwriters"), pursuant to which, among other matters, the
Underwriters have agreed to purchase up to 4,600,000 units (the "Units") of the
Company's securities. Each Unit consists of one share of the Company's common
stock, par value $0.0001 per share, and one Warrant, each Warrant to purchase
one share of Common Stock, all as more fully described in the Company's final
Prospectus, dated ______, 2007 (the "Prospectus"), comprising part of the
Company's Registration Statement on Form S-1 (File No. 333-_____) under the
Securities Act of 1933, as amended (the "Registration Statement"), declared
effective on _____, 2007 (the "Effective Date");

      WHEREAS, the Initial Stockholders have agreed as a condition of the sale
of the Units to deposit those securities of the Company owned by them which are
set forth opposite their respective names on Exhibit A attached hereto
(collectively, the "Escrow Securities"), in escrow with the Escrow Agent as
hereinafter provided; and

      WHEREAS, the Company and the Initial Stockholders desire that the Escrow
Agent accept the Escrow Securities, in escrow, to be held and disbursed as
hereinafter provided.

      NOW, THEREFORE, in consideration of the premises and the mutual covenants,
representations and warranties contained herein and intending to be legally
bound hereby, the parties hereto agree as follows:

      1. Appointment of Escrow Agent. The Company and the Initial Stockholders
hereby appoint the Escrow Agent to act in accordance with and subject to the
terms of this Agreement, and the Escrow Agent hereby accepts such appointment
and agrees to act in accordance with and subject to such terms.

      2. Deposit of Escrow Securities. On or before the Effective Date, each of
the Initial Stockholders shall deliver to the Escrow Agent certificates
representing his or her respective Escrow Securities, to be held and disbursed
subject to the terms and conditions of this Agreement. Each Initial Stockholder
acknowledges that the certificate representing his or her Escrow Securities is
legended to reflect the deposit of such Escrow Securities under this Agreement.

<PAGE>

      3. Disbursement of the Escrow Securities.

      3.1 Except as set forth herein and in Section 3.2 below, the Escrow Agent
shall hold the Escrow Securities until the earlier of (a) the first anniversary
of the consummation of a Business Combination (as such term is defined in the
Certificate of Incorporation of the Company) by the Company and (b) the third
anniversary of the Effective Date (the "Escrow Period"), on which date it shall,
upon written instructions from each Initial Stockholder, disburse each of the
Initial Stockholder's Escrow Securities to such Initial Stockholder; provided,
however, that if the Escrow Agent is notified by the Company pursuant to Section
6.7 hereof that the Company is being liquidated at any time during the Escrow
Period, then the Escrow Agent shall promptly destroy the certificates
representing the Escrow Securities. and; provided further, that if, after the
Company consummates a business combination (as such term is defined in the
Prospectus), it (or the surviving entity) subsequently consummates a
liquidation, merger, stock exchange or other similar transaction which results
in all of the stockholders of such entity having the right to exchange their
shares of Common Stock for cash, securities or other property, then the Escrow
Agent will, upon receipt of a certificate, executed by the Chief Executive
Officer or Chief Financial Officer of the Company, in form reasonably acceptable
to the Escrow Agent, that such transaction is then being consummated, release
the Escrow Securities to the Initial Stockholders upon consummation of the
transaction so that they can similarly participate. The Escrow Agent shall have
no further duties hereunder after the disbursement or destruction of the Escrow
Securities in accordance with this Section 3.

      3.2 Upon written instructions from the Company advising that a Business
Combination has been consummated and that one or more of the public stockholders
has determined to exercise the right to redeem their shares for cash described
in the Registration Statement, the Escrow Agent will release and deliver to the
Company for cancellation on a pro rata basis certificates representing that
number of escrow shares of Common Stock (not to exceed 100,000 in the aggregate)
which is equal to the quotient obtained by dividing (i) the total number of
shares redeemed by (ii) 16.10. By way of illustration, for each 16 shares
redeemed, one share of Common Stock will be surrendered for cancellation. Such
instructions set forth both the number of shares the Company is redeeming and
the number of shares of Common Stock to be delivered to the Company for
cancellation.

      4. Rights of Initial Stockholders in Escrow Securities.

      4.1 Voting Rights as a Stockholder. Subject to the terms of the Insider
Letter described in Section 4.4 hereof, and except as herein provided, the
Initial Stockholders shall retain all of their rights as stockholders of the
Company during the Escrow Period, including, without limitation, the right to
vote their Escrow Securities.

      4.2 Dividends and Other Distributions in Respect of the Escrow Securities.
During the Escrow Period, all dividends payable in cash with respect to the
Escrow Securities shall be paid to the Initial Stockholders, but all dividends
payable in stock or other non-cash property (the "Non-Cash Dividends") shall be
delivered to the Escrow Agent to hold in accordance with the terms hereof. As
used herein, the term "Escrow Securities" shall be deemed to include the
Non-Cash Dividends distributed thereon, if any.

                                       2
<PAGE>

      4.3 Restrictions on Transfer . Except as set forth in Section 3.2, during
the Escrow Period, no sale, transfer or other disposition may be made of any or
all of the Escrow Securities except, with respect to (a) an entity that is an
Initial Stockholder, to any person or entity controlling, controlled by, or
under common control with, such Initial Stockholder, and (b) with respect to an
Initial Stockholder who is an individual, (i) to an entity controlled by such
Initial Stockholder or to a member of Initial Stockholder's immediate family or
to a trust, the beneficiary of which is an Initial Stockholder or a person
related to an Initial Stockholder's by blood, marriage or adoption, or (ii) by
virtue of the laws of descent and distribution upon death of any Initial
Stockholder; provided, however, that such permissive transfers may be
implemented only upon the respective transferee's written agreement to be bound
by the terms and conditions of this Agreement and of the Insider Letter signed
by the Initial Stockholder transferring the Escrow Securities. During the Escrow
Period, no Initial Stockholder shall pledge or grant a security interest in his,
her or its Escrow Securities or grant a security interest in his, her or its
rights under this Agreement.

      4.4 Insider Letters. Each of the Initial Stockholders has executed a
letter agreement with the Representatives and the Company, dated as indicated on
Exhibit A hereto, and which is filed as an exhibit to the Registration Statement
("Insider Letter"), respecting the rights and obligations of such Initial
Stockholder in certain events, including, but not limited to, the liquidation of
the Company.

      5. Concerning the Escrow Agent.

      5.1 Good Faith Reliance. The Escrow Agent shall not be liable for any
action taken or omitted by it in good faith and in the exercise of its own best
judgment, and may rely conclusively and shall be protected in acting upon any
order, notice, demand, certificate, opinion or advice of counsel (including
counsel chosen by the Escrow Agent), statement, instrument, report or other
paper or document (not only as to its due execution and the validity and
effectiveness of its provisions, but also as to the truth and acceptability of
any information therein contained) which is believed by the Escrow Agent to be
genuine and to be signed or presented by the proper person or persons. The
Escrow Agent shall not be bound by any notice or demand, or any waiver,
modification, termination or rescission of this Agreement unless evidenced by a
writing delivered to the Escrow Agent signed by the proper party or parties and,
if the duties or rights of the Escrow Agent are affected, unless it shall have
given its prior written consent thereto.

      5.2 Indemnification. The Escrow Agent shall be indemnified and held
harmless by the Company from and against any expenses, including counsel fees
and disbursements, or loss suffered by the Escrow Agent in connection with any
action, suit or other proceeding involving any claim which in any way, directly
or indirectly, arises out of or relates to this Agreement, the services of the
Escrow Agent hereunder, or the Escrow Securities held by it hereunder, other
than expenses or losses arising from the gross negligence or willful misconduct
of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of
any demand or claim or the commencement of any action, suit or proceeding, the
Escrow Agent shall notify the other parties hereto in writing. In the event of
the receipt of such notice, the Escrow Agent, in its sole discretion, may
commence an action in the nature of interpleader in an appropriate court to
determine ownership or disposition of the Escrow Securities or it may deposit
the Escrow Securities with the clerk of any appropriate court or it may retain
the Escrow Securities pending receipt of a final, non-appealable order of a
court having jurisdiction over all of the parties hereto directing to whom and
under what circumstances the Escrow Securities are to be disbursed and
delivered. The provisions of this Section 5.2 shall survive in the event the
Escrow Agent resigns or is discharged pursuant to Sections 5.5 or 5.6 below.

                                       3
<PAGE>

      5.3 Compensation. The Escrow Agent shall be entitled to reasonable
compensation from the Company for all services rendered by it hereunder. The
Escrow Agent shall also be entitled to reimbursement from the Company for all
expenses paid or incurred by it in the administration of its duties hereunder
including, but not limited to, all legal counsel and agents' fees and
disbursements and all taxes or other governmental charges.

      5.4 Further Assurances. From time to time, on and after the date hereof,
the Company and the Initial Stockholders shall deliver, or cause to be
delivered, to the Escrow Agent such further documents and instruments and shall
do or cause to be done such further acts as the Escrow Agent shall reasonably
request to carry out more effectively the provisions and purposes of this
Agreement, to evidence compliance herewith or to assure itself that it is
protected in acting hereunder.

      5.5 Resignation. The Escrow Agent may resign at any time and be discharged
from its duties as escrow agent hereunder by its giving the other parties hereto
written notice and such resignation shall become effective as hereinafter
provided. Such resignation shall become effective at such time that the Escrow
Agent shall turn over to a successor escrow agent appointed by the Company, the
Escrow Securities held hereunder. If no new escrow agent is so appointed within
the sixty (60) day period following the giving of such notice of resignation,
the Escrow Agent may deposit the Escrow Securities with any court it reasonably
deems appropriate.

      5.6 Discharge of Escrow Agent. The Escrow Agent shall resign and be
discharged from its duties as escrow agent hereunder if so requested in writing
at any time by the Company and a majority of the Initial Stockholders, jointly;
provided, however, that such resignation shall become effective only upon
acceptance of appointment by a successor escrow agent as provided in Section
5.5.

      5.7 Liability. Notwithstanding anything herein to the contrary, the Escrow
Agent shall not be relieved from liability hereunder for its own gross
negligence or its own willful misconduct.

      6. Miscellaneous.

      6.1 Governing Law. This Agreement shall for all purposes be deemed to be
made under and shall be construed in accordance with the laws of the New York.

      6.2 Third Party Beneficiaries. Each of the Initial Stockholders hereby
acknowledges that the Underwriters are third-party beneficiaries of this
Agreement and this Agreement may not be modified or changed without the prior
written consent of the Representatives.

      6.3 Entire Agreement. This Agreement contains the entire agreement of the
parties hereto with respect to the subject matter hereof and, except as
expressly provided herein, may not be changed or modified except by an
instrument in writing signed by the party to be charged and by the
Representatives.

                                       4
<PAGE>

      6.4 Headings. The headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation
thereof.

      6.5 Binding Effect. This Agreement shall be binding upon and inure to the
benefit of the respective parties hereto and their legal representatives,
successors and assigns.

      6.6 Notices. Any notice or other communication required or which may be
given hereunder shall be in writing and either be delivered personally or be
mailed, certified or registered mail, or by private national courier service,
return receipt requested, postage prepaid, and shall be deemed given when so
delivered personally or, if mailed, two days after the date of mailing, as
follows:

      If to the Company, to:

      China Resources Ltd.
      Room 921, Block A, Golden Central Tower, Jintian Road
      Futian District, Shenzhen, P.R. China
      Attn: Chief Executive Officer

      If to a Stockholder, to his or her address set forth in Exhibit A;

      And if to the Escrow Agent, to:

               American Stock Transfer & Trust Company
               59 Maiden Lane
               New York, New York 10038
               Attn: Herb Lemmer, Vice President

      A copy of any notice sent hereunder shall be sent to:

               Maxim Group, LLC
               405 Lexington Avenue
               New York, New York 10174
               Attn: Clifford A. Teller, Director of Investment Banking
      and:

               Ellenoff Grossman & Schole LLP
               370 Lexington Avenue
               New York, New York 10017
               Attn: Douglas S. Ellenoff, Esq

      and:

               Eaton & Van Winkle LLP
               Three Park Avenue , 16th floor
               New York, New York 10016
               Attn: Vincent McGill, Esq.

                                       5
<PAGE>

      The parties may change the persons and addresses to which the notices or
other communications are to be sent by giving written notice to any such change
in the manner provided herein for giving notice.

      6.7 Liquidation of Company. The Company shall give the Escrow Agent
written notification of the liquidation and dissolution of the Company in the
event that the Company fails to consummate a Business Combination within the
time period(s) specified in the Prospectus.

      6.8 Counterparts. This Agreement may be executed in several counterparts,
each one of which may be delivered by facsimile transmission and each of which
shall constitute an original, and together shall constitute but one instrument.

    (Remainder of page intentionally left blank. Signature pages to follow.)

                                       6
<PAGE>

      IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first written above.

                                             CHINA RESOURCES LTD.

                                             By: _______________________________
                                             Name:  Fuzu Zeng
                                             Title: Chief Executive Officer

                  Signature Page To Securities Escrow Agreement

                                       7
<PAGE>

                                             INITIAL STOCKHOLDERS:

                                             __________________________________
                                             Name: Fuzu Zeng

                                             __________________________________
                                             Brian Baiping Shen

                                             __________________________________
                                             Gerald Nugawela

                                             __________________________________
                                             Frederick Smithline

                                             __________________________________
                                             Glenn Richmond

Signature Page To Securities Escrow Agreement
American Stock Transfer & Trust Company

By:_________________________________
   Name:  __________________________
   Title: __________________________

                  Signature Page To Securities Escrow Agreement

                                       8
<PAGE>

                                    EXHIBIT A

<TABLE>
<CAPTION>
                                                                                        Date of Insider
Name and Address                           Shares (#)           Share Cert. No.            Letter
------------------------------------       ----------           ---------------         ---------------
<S>                                           <C>               <C>                     <C>
Fuzu Zeng
Shen Zhen China Jia Yue Trading Co.,
Ltd., Room 921, Block A, Golden
Central Tower, Jintian Road, Futian
District, Shenzhen, P.R. China.                                                         _______,  2007
                   )                          500,000

Brian Baiping Shen
Shen Zhen China Jia Yue Trading Co.,                                                    ________  2007
Ltd., Room 921, Block A, Golden
Central Tower, Jintian Road, Futian
District, Shenzhen, P.R. China.               200,000

Gerald Nugawela
PO Box 107 Floreat Park
Western Australia 6014                        100,000                                   _______,  2007
Frederick Smithline
Three Park Avenue, 16th Floor
New York, New York 10016                       75,000
                                                                                        _______,  2007
Glenn Richmond
c/o Guiying Guo
900 Third Avenue, 23rd floor                                                            _______,  2007
New York, NY 10022                            125,000
</TABLE>

                                       9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]