Document:

Point Acquisition Corporation - Exhibit 10.11 - Prepared By TNT Filings
Inc.

Exhibit 10.11 

LOAN AGREEMENT 

(English Translation) 

Contract No.41101200500002647 

Borrower (full name): Henan Gengsheng Refractories Co., Ltd 

Lender (full name): Agricultural Bank of China, Gongyi Sub-branch 

Pursuant to the laws and regulations of the People's Republic
of China ("PRC"), and on the basis of mutual consent reached through
negotiations, Borrower and Lender enter into the following Loan Agreement. 

Article 1 The Loan 

1. Type of loan: Short-term Working Capital Loan 

2. Purpose of Loan: Purchase Raw Materials 

3. Loan Amount (full-form characters): RMB Five Million 

4. Loan and Repayment Term: One Year 

(1) The following table sets forth
the loan and repayment terms. 

	
    Loan	
    Repayment
	
    Year	
    Month	
    Date	
    Amount	
    Year	
    Month	
    Date	
    Amount
	
    2006	
    December	
    30	
    RMB 5,000,000	
    2007	
    December	
    29	
    RMB 5,000,000
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 

(If there is not enough space in the following table, an additional sheet may
be attached to the Loan Agreement and shall constitute an integral part of the
Agreement.) 

(2) If the Loan
Amount, Borrowing Date, and Repayment Date herein are inconsistent with the Loan
Amount, Borrowing Date, and Repayment Date specified in the borrowing voucher
(the "Borrowing Voucher"); the Borrowing Voucher shall prevail. The Borrowing
Voucher shall be an integral part of this Loan Agreement and have the same legal
force and effect. 

(3) If the loan is in foreign
currency under this contract, the Borrower shall repay the principal and
interest in the original currency in time. 

5. Loan Interest Rate 

The RMB loan interest rate shall be calculated pursuant to the method
designated in the following (1). 

(1) Floating Interest Rate 

1

The Loan interest rate upward (upward/down) floats 20% on the
interest rate basis. The executed annual interest rate is 7.344%. The interest
rate basis for the loan under 5-year (including 5-year) is the prime rate for
the same period RMB loan released by the People’s Bank of China. The interest
rate basis for the loan above 5-year is as the prime rate for the RMB loan
released by the People’s Bank of China plus / (in Words) %. 

The interest is adjusted in One-month cycle. If the prime
rate for RMB loan of the People’s Bank of China adjusts, the Borrower determines
new interest rate according to the prime rate of corresponding time period after
adjustment and the calculation method mentioned above from the corresponding
date of the loan of the first month in the next cycle after the adjustment of
prime rate. If the adjustment date of the prime rate is the same as the
provision day of the loan or the corresponding date of the loan of the first
month in the same cycle, the new executed interest rate for the loan is
determined from the adjustment date of the prime rate. If there is no
corresponding loan date, the last day of that month is regarded as the
corresponding date of the loan. 

(2) Fixed Interest Rate 

The Loan interest rate / (upward/down) floats _ on the
interest rate basis. The executed annual interest rate is__. The interest rate
basis for the loan under 5-year (including 5-year) is as the basis interest rate
for the same period RMB loan published by the People’s Bank of China. The
interest rate basis for the loan above 5-year is as the basis interest rate for
the RMB loan published by the People’s Bank of China plus / (in Words) %. 

The interest rate for foreign currency loan is determined as
method described in / : 

(1) / (in Words)
months / (LIBOR/HIBOR) + interest rate of loan which is consist from interest
rate spread of / % and floated by / months. LIBOR/HIBOR is the London/Hong Kong
Interbank Offered Rate for the corresponding time period as published by Reuters
two working days before the interest rate calculation day. 

(2) The executed
annual interest rate is / till the expiration day of the loan. 

(3) Other method /
.. 

6. Interest Payment 

Interest on the Loan Amount shall accrue on the 20th day of
each month ( Month/ Last month of the Quarter) and shall be paid monthly
(Monthly/Quarterly) (the "Accrual Date"). The Borrower should pay the interest
on every Accrual Date. If there is no Accrual Date for the last repayment date
of the principal, the unpaid interest should be settled with the principal ( the
daily interest rate = monthly interest rate / 30). 

Article 2 Conditions to obligations of the Lender 

1. Borrower shall open a general deposit account with Lender.

2

2. Borrower shall provide any relevant documents and materials that Lender
may request and has completed all the relevant procedures. 

3. If the loan contemplated by this contract is foreign currency one, the
Borrower has completed all related approval, registration and other legal
procedures as required by regulations. 

4. If the Loan Amount is secured by collateral, Borrower
shall have perfected and/or applied for and obtained insurance or performed
other such legal procedures as requested by Lender and shall maintain the
effectiveness of such security and insurance. If the loan under this contract is
under guarantee, the guarantee contract shall be signed and effective. 

Article 3 Rights & Obligations of Lender 

1. Lender shall have the right to know the Borrower's
production operations, financial affairs, commodity stock and the use of loan
funds and to request that Borrower provide, in a timely manner, to Lender all
documents, materials and information such as the financial statement of
Borrower. 

2. The Lender may stop providing the loan or ask for
repayment of outstanding loan in the event of occurrence of any adverse
behaviors or situations which include but not limited to the ones listed in
Sections 7, 8, and 9 of Article 4 in this Contract. 

3. When Lender collects, upon or prior to the due dates, the
principal, interest, penalty interest, compound interest and other fees as
stipulated per this agreement from Borrower, Lender shall have the right to
directly transfer funds from Borrower's any account with Lender. 

4. If the money repaid by the Borrower is not enough to pay
off all the due amount under this contract, the Lender could choose to use this
amount of money to repay the principal, interest, penalty interest, compound
interest and other fees. 

5. If the Borrower fails to fulfill the obligation of the repayment, the
Lender can publicly disclose the default behavior of the Borrower. 

6. Subject to Borrower compliance with the terms and conditions of this Loan
Agreement, Lender shall release to Borrower the Loan Amount defined in this
agreement. 

Article 4 Rights & Obligations of Borrower 

1. Borrower has the right to acquire and use the funds borrowed under this
Loan Agreement in accordance with the Loan Agreement. 

2. Borrower shall meet the requirements designated in Article 2. 

3. If the loan in this contract is in a foreign currency, Borrower shall
complete all the approval, registration and other legal procedures related to
this loan as decided in the regulations. 

3

4. Borrower shall repay the principal and pay accrued
interest according to schedule. If Borrower is in need of an extension, then
Borrower must submit a written application to Lender fifteen days prior to such
due dates for extension thereof. Upon Lender's consent, Lender and Borrower
shall enter an extension agreement. 

5. Borrower shall use the funds borrowed under this Loan Agreement only for
the purposes specified herein and for no other purpose. 

6. Borrower shall, on a monthly basis, provide accurate,
complete and effective financial statements and other related materials and
information to Lender and shall actively cooperate with Lender for Lender's
review of Borrower's operations, financing activities and use of funds borrowed
under this Loan Agreement. 

7. Unless Borrower provides notice in writing to Lender in
advance and obtains Lender's consent, and unless Borrower performs its repayment
obligations or its prepayment obligations, Borrower shall not, before paying off
the principal and interest, engage in sub-contracting, leasing, equity
restructuring, pooling, consolidating, merging, splitting, joint investment,
capital transferring, filing for restructuring, filing for dissolution, filing
for bankruptcy, and any other actions which may affect the debtor-creditor
relationship under this Loan Agreement or affect the realization of Lender's
rights. 

8. Borrower shall notify Lender in writing of such events (in
addition to the above-described events) as the disruption of production, going
out of business, invalidation of the registration, revocation of the business
license, legal representative(s) or officer(s) of the company engaging in
illegal activities or being involved in significant litigation, serious
production or operation problems, and deteriorating financial position, which
may materially affect its ability to perform its obligations under this Loan
Agreement. At the same time, Borrower shall take methods to save the loan from
damage as approved by the Lender. 

9. During the term of this Loan Agreement, Borrower shall give an advance
notice and obtain 

Lender's consent when Borrower makes assurances to, or provides its main
assets as collateral for a third party and when by so doing Borrower may affect
its repayment ability. 

10. Borrower and its investors shall not take out the capital, transfer the
assets or transfer the equity of Borrower in an attempt to avoid debt
obligations to Lender. 

11. If, during the Loan Term, Borrower changes its name, legal
representative, legal address, business scope, etc., Borrower shall give an
advance written notice to Lender. 

12. Borrower shall provide other guaranties to Lender under
the following circumstances: the guarantor under this Loan Agreement loses
partial or total ability to provide guarantees relating to this loan because of
production disruption, going out of business, cancellation of the registration,
revocation of the business license, going into bankruptcy, or business losses;
or the value of the collateral or hypothecated assets or rights under this Loan
Agreement has decreased. 

4

13. Borrower shall bear the expenses of attorney services,
insurance, transportation, evaluation, registration, safekeeping, appraisal, and
notarization, relevant to this Loan Agreement or relevant to the guaranty under
this Loan Agreement. 

Article 5 Prepayment 

Borrower makes prepayment after getting the approval from the
Lender. If the Lender agrees the prepayment by the Borrower, the interest rate
for the part of the prepayment in the loan should be calculated as following
method 1 . 

1. Calculates and collects the interest rate according to loan term and
executed interest rate defined in this agreement. 

2. Calculates and collects the interest rate as upward floating % on the
basis of the promised interest rate in this contract according to the actual
loan term. 

Article 6 Events of Default 

1. Provided Borrower complies with the terms and conditions
of the Loan Agreement, Lender shall pay to Borrower a penalty if Lender fails to
deliver a full amount of the underlying loan promptly, thereby causing Borrower
to suffer losses. The penalty shall be calculated on the basis of the default
amount and the number of overdue days. The calculation method of the default
amount shall be the same as for overdue loan interest. 

2. Lender shall have the right to charge interest on any
overdue repayment at the rate which upward floats 50% (Full form characters) on
the basis of the executed interest rate for loan under this contract from the
date when the overdue repayment begins until the principal and interest rate
have been fully paid off by the Borrower. During the overdue period, the default
interest rate for the RMB loan should be correspondingly upward adjusted from
the adjustment date if the prime rate for the same-period RMB loan of the
People’s Bank of China is adjusted upward. 

3. If Borrower does not use the funds according to the purpose specified in
this Loan Agreement, Lender shall have the right to collect penalty interest on
the abused amount of the loan at the rate which is upward floated 100% (Full
form characters) on the basis of the executed interest rate as promised in this
contract from the abused date until the principal and interest rate have been
fully paid off. During this period, the default interest rate shall be
correspondingly adjusted upward from the adjustment date if the prime rate for
the same-period RMB loan of the People’s Bank of China is adjusted upward. 

4. Compound interest is to be calculated and collected on any
due unpaid interest according to the rules set by the People's Bank of China.
Due unpaid interest includes the one during the loan period (including the
abused default interest) and the one accrued from the overdue repayment
(including the overdue default interest and abused default interest). The due
unpaid interest during the loan period is calculated in compound interest on the
basis of the executed interest rate for the promised loan in the loan period.
After the expiration day of the loan, it is calculated in compound interest on
the basis of the interest rate for the overdue repayment. The due unpaid
interest rate for the overdue loan is calculated in compound interest on the
basis of interest rate for the overdue loan. 

5

5. If the Borrower breaches this contract, Lender shall have
the right to ask the Borrower to correct the problems within a time period and
stop providing the loan, demand the repayment of the principal and interest of
the funds outstanding under this Loan Contract and announce that all the loans
under other contracts signed by and between the Borrower and Lender are due
immediately. 

6. If any guarantor for the borrowed funds under this Loan
Agreement breaches its duties under the Guarantee Agreement, Lender shall have
the right to stop providing funds under this Loan Agreement and demand repayment
of the outstanding principal and interest of the funds under this Loan Agreement
and to announce that all the loans under other contracts signed by and between
the Borrower and Lender are due immediately. 

7. If Borrower defaults under this Loan Agreement, Borrower
agrees to pay all legal, travel and other expenses that Lender incurs in the
course of pursuing litigation or arbitration to enforce its financial claims.

Article 7 Guarantee 

The loan specified hereof shall be guaranteed through a
Guarantee Contract. A separate Guarantee Contract shall be made and signed. If
the maximum amount guarantee method is used, the Guarantee Contract No is / .

Article 8 Dispute Settlement 

Disputes arising out the performance of this Loan Agreement
shall be settled through negotiation between the two parties or following method
1 . 

1. Litigation. Any litigation between the parties hereto
arising out of the performance of this Loan Agreement shall be within the
jurisdiction of the civil courts where the Lender resides. 

2. Arbitration. Arbitration is submitted to / (Name of the
arbitration organization) and executed by the arbitration rules. During the
period of litigation and arbitration, other clauses which are not involved in
should be executed as usual. 

Article 9 Other Items 

None 

Article 10 Execution 

This Loan Agreement shall become effective upon signature by
the Borrower and Lender or the affixing of the official seals of both parties.

6

Article 11 Copies of This Agreement 

There are 4 copies of this Loan Agreement, one copy for each of the two
parties to the contract and one copy to each Guarantor. All copies shall be of
the same force and effect. 

Article 12 Statement 

Lender has asked Borrower to fully and correctly understand
the terms and conditions of this Loan Agreement and has answered all of
Borrower's questions regarding the terms and conditions of this Loan Agreement.
The signatories to this agreement have the same understanding of this Loan
Agreement. 

Borrower: Henan Gengsheng Refractories Co., Ltd 

(Corporate Seal) 

Legal representative: /s/Shunqing ZHANG 

Lender: Agricultural Bank of China, Gongyi Sub-branch 

(Corporate Seal) 

Date: December 30, 2006 

7Point Acquisition Corporation - Exhibit 10.12 - Prepared By TNT Filings
Inc.

Exhibit 10.12 

Land Lease Agreement 

(English Translation) 

Party A: Henan Gengsheng Refractories Co., Ltd. 

Party B: Yangli Village Council, Dayugou Town, Gongyi City 

Party C: People’s Government of Dayugou Town of Gongyi City 

(collectively, the "Parties") 

Through negotiation, the Parties hereby enter into the
following agreement with regard to land use which is designed in a way of lease
first and then expropriation for land of 56 Chinese acres located in Xihewan of
Yangli Village to Henan Gengsheng Refractories Co., Ltd. 

1.
   Under the precondition of
lease first and then expropriation, Party A shall lease from Party B land
located in Xihewan as the planned construction land for the new project of Party
A. The gross area is 56 Chinese acres. The east, south, west and north boarder
of the land is: East is the mutually-used wall with Jinglong Coal Mine; South is
Dust Gable; West is boundary of farmland of Baimiao; North is the canal. The
land survey from Dayugou Town government is adopted for reference. 

2.
   Rent. The total amount is
Fifty-six Thousand RMB (56,000RMB) which is calculated on the basis of one
thousand RMB (1,000RMB) for every Chinese acre per year. It is calculated from
the date that this agreement is executed. 

3.
   Payment of rent. Pay in full
before December 31 each year. 

4.
   Before the expropriation of
the land, the lease and rent payment shall follow the methods provided under
Article 2 and 3. Following the expropriation, the related land expropriation
procedures should be conducted. This agreement shall become invalid
automatically from the date that all the land expropriation procedures are
completed. 

5.
   During the land lease term,
Party B has the covenant not to conduct any activities that may affect adversely
the company plan, advice, manufacturing, management, traffic and daily life.
Party B shall bear the economic losses in connection with the disputes. Party A
may deduct that amount from the rent. 

6.
   If the program project stops
unfinished due to unexpected reasons, Party A has the obligation to restore the
original acreage of the cultivated land for Party B. 

7.
   Party C has the obligation to
coordinate and testify in connection with the agreement. 

8.
   This agreement is available
in 6 copies, with two copies held by each of Party A
Party B and Party C. 

9.
   This agreement shall become
effective upon execution and the affixing of the official seal of each of the
parties. 

Date: February 9, 2006 

Party A: Henan Gengsheng Refractories Co., Ltd 

(Corporate Seal) 

Party B: Yangli Village Council, Dayugou Town 

(Official Seal) 

Party C: People’s Government of Dayugou Town of Gongyi City 

(Official Seal)

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