Document:

EXHIBIT 10.14

                                 PROMISSORY NOTE

$42,000                                                     Dated:  May 18, 2006

          ChinaGrowth  North  Acquisition  Corporation (the "Maker") promises to
pay to the order of Guorun Group  Limited (the  "Payee")  the  principal  sum of
Forty-Two  Thousand  Dollars and  zero cents  ($42,000)  in lawful  money of the
United States of America, on the terms and conditions described below.

     1. PRINCIPAL.  The principal balance of this Note shall be repayable on the
date on which Maker consummates an initial public offering of its securities.

     2. INTEREST.  No interest shall accrue on the unpaid  principal  balance of
this Note.

     3. APPLICATION OF PAYMENTS.  All payments shall be applied first to payment
in full of any costs  incurred in the collection of any sum due under this Note,
including (without limitation)  reasonable  attorney's fees, then to the payment
in full of any late charges and finally to the reduction of the unpaid principal
balance of this Note.

     4. EVENTS OF DEFAULT. The following shall constitute Events of Default:

       (a)  Failure  to Make  Required  Payments.  Failure  by  Maker to pay the
principal of this Note within five (5)  business  days  following  the date when
due.

       (b) Voluntary  Bankruptcy,  Etc. The commencement by Maker of a voluntary
case under the Federal Bankruptcy Code, as now constituted or hereafter amended,
or any other applicable federal or state bankruptcy, insolvency, reorganization,
rehabilitation  or other similar law, or the consent by it to the appointment of
or taking possession by a receiver,  liquidator,  assignee,  trustee, custodian,
sequestrator (or other similar official) of Maker or for any substantial part of
its  property,  or the  making  by it of  any  assignment  for  the  benefit  of
creditors,  or the  failure  of Maker  generally  to pay its debts as such debts
become due, or the taking of corporate  action by Maker in furtherance of any of
the foregoing.

       (c)  Involuntary  Bankruptcy,  Etc.  The  entry of a decree  or order for
relief by a court having  jurisdiction in the premises in respect of Maker in an
involuntary  case  under  the  Federal  Bankruptcy  Code,  as now  or  hereafter
constituted, or any other applicable federal or state bankruptcy,  insolvency or
other similar law, or appointing a receiver,  liquidator,  assignee,  custodian,
trustee, sequestrator (or similar official) of Maker or for any substantial part
of its property,  or ordering the winding-up or liquidation of its affairs,  and
the  continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days.

     5. REMEDIES.

       (a) Upon the occurrence of an Event of Default specified in Section 4(a),
Payee may, by written notice to Maker,  declare this Note to be due and payable,
whereupon  the  principal

<PAGE>

amount of this Note,  and all other  amounts  payable  thereunder,  shall become
immediately due and payable without presentment, demand, protest or other notice
of any kind, all of which are hereby expressly waived, anything contained herein
or in the documents evidencing the same to the contrary notwithstanding.

       (b) Upon the occurrence of an Event of Default specified in Sections 4(b)
and 4(c),  the unpaid  principal  balance  of, and all other sums  payable  with
regard to, this Note shall automatically and immediately become due and payable,
in all cases without any action on the part of Payee.

     6. WAIVERS.  Maker and all endorsers and  guarantors  of, and sureties for,
this Note waive presentment for payment,  demand,  notice of dishonor,  protest,
and  notice of  protest  with  regard  to the  Note,  all  errors,  defects  and
imperfections  in any  proceedings  instituted  by Payee under the terms of this
Note,  and all  benefits  that might accrue to Maker by virtue of any present or
future  laws  exempting  any  property,  real or  personal,  or any  part of the
proceeds arising from any sale of any such property,  from  attachment,  levy or
sale under  execution,  or providing for any stay of execution,  exemption  from
civil process, or extension of time for payment;  and Maker agrees that any real
estate that may be levied upon pursuant to a judgment obtained by virtue hereof,
on any writ of execution issued hereon,  may be sold upon any such writ in whole
or in part in any order desired by Payee.

     7. UNCONDITIONAL  LIABILITY.  Maker hereby waives all notices in connection
with the delivery,  acceptance,  performance,  default,  or  enforcement  of the
payment of this Note,  and agrees  that its  liability  shall be  unconditional,
without regard to the liability of any other party, and shall not be affected in
any manner by any indulgence, extension of time, renewal, waiver or modification
granted or consented  to by Payee,  and  consents to any and all  extensions  of
time,  renewals,  waivers,  or  modifications  that may be granted by Payee with
respect  to the  payment  or other  provisions  of this  Note,  and  agree  that
additional makers, endorsers,  guarantors, or sureties may become parties hereto
without notice to them or affecting their liability hereunder.

     8. NOTICES.  Any notice called for hereunder shall be deemed properly given
if (i)  sent by  certified  mail,  return  receipt  requested,  (ii)  personally
delivered,  (iii) dispatched by any form of private or governmental express mail
or delivery service  providing  receipted  delivery or (iv) sent by facsimile or
(v) to the  following  addresses  or to such other  address as either  party may
designate by notice in accordance with this Section:

        If to Maker:

                ChinaGrowth North Acquisition Corporation
                1818 Canggong Road, Fengxian
                Shanghai Chemical Industry Park
                Shanghai, China 201417
                Attn.:  Chief Executive Officer

<PAGE>

        If to Payee:

                Guorun Group Limited
                c/o ChinaGrowth North Acquisition Corporation
                1818 Canggong Road, Fengxian
                Shanghai Chemical Industry Park
                Shanghai, China 201417

              Notice shall be deemed given on the earlier of (i) actual  receipt
by the  receiving  party,  (ii)  the  date  shown  on a  facsimile  transmission
confirmation, (iii) the date reflected on a signed delivery receipt, or (iv) two
(2) Business  Days  following  tender of delivery or dispatch by express mail or
delivery service.

     9.  CONSTRUCTION.  THIS NOTE SHALL BE CONSTRUED  AND ENFORCED IN ACCORDANCE
WITH THE  DOMESTIC,  INTERNAL  LAW, BUT NOT THE LAW OF CONFLICT OF LAWS,  OF THE
STATE OF NEW YORK.

     10. SEVERABILITY.  Any provision contained in this Note which is prohibited
or  unenforceable  in  any  jurisdiction  shall,  as to  such  jurisdiction,  be
ineffective  to the  extent  of such  prohibition  or  unenforceability  without
invalidating  the  remaining  provisions  hereof,  and any such  prohibition  or
unenforceability   in  any   jurisdiction   shall  not   invalidate   or  render
unenforceable such provision in any other jurisdiction.

<PAGE>

     IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused
this Note to be duly  executed by its Chief  Executive  Officer the day and year
first above written.

                                               CHINAGROWTH NORTH ACQUISITION
                                               CORPORATION

                                               By: /s/ Jin Shi
                                                   _____________________________
                                               Name:  Jin Shi
                                               Title: Chief Executive OfficerEXHIBIT 4.1

                            SPECIMEN UNIT CERTIFICATE

  NUMBER                                                                   UNITS

U-__________

SEE REVERSE FOR CERTAIN    CHINAGROWTH SOUTH ACQUISITION CORPORATION
      DEFINITIONS

                                                                 CUSIP G21116101

  UNITS CONSISTING OF ONE ORDINARY SHARE AND ONE WARRANT EACH TO PURCHASE ONE
                                 ORDINARY SHARE

THIS CERTIFIES THAT _____________________________________________________

is the owner of _________________________________________________________ Units.

Each Unit  ("Unit")  consists of one (1) ordinary  share,  par value US$.001 per
share  ("Ordinary  Share"),  of ChinaGrowth  South  Acquisition  Corporation,  a
company  incorporated under the laws of the Cayman Islands (the "Company"),  and
one warrant ( "Warrant").  Each Warrant  entitles the holder to purchase one (1)
Ordinary Share for US$6.00 per share (subject to adjustment).  Each Warrant will
become  exercisable  on the later of (i) the  Company's  completion of a capital
stock exchange,  asset acquisition or other similar business combination or (ii)
___________,  2008 [ONE YEAR FROM DATE OF  PROSPECTUS],  and will expire  unless
exercised  before 5:00 p.m.,  New York City Time,  on  ____________,  2011 [FOUR
YEARS FROM DATE OF  PROSPECTUS] , or earlier upon  redemption  (the  "Expiration
Date").  The Ordinary  Shares and Warrants  comprising the Units  represented by
this certificate are not transferable  separately prior to __________,  2006 [90
DAYS FROM DATE OF PROSPECTUS],  subject to earlier  separation in the discretion
of Morgan  Joseph & Co. Inc. The terms of the Warrants are governed by a Warrant
Agreement,  dated as of _______,  2007,  between the Company and American  Stock
Transfer & Trust  Company,  as Warrant  Agent,  and are subject to the terms and
provisions  contained  therein,  all of which terms and provisions the holder of
this  certificate  consents  to by  acceptance  hereof.  Copies  of the  Warrant
Agreement  are on file at the  office of the  Warrant  Agent at 59 Maiden  Lane,
Plaza Level,  New York, New York 10038,  and are available to any Warrant holder
on written request and without cost.

         This  certificate  is not valid  unless  countersigned  by the Transfer
         Agent and Registrar of the Company.

         Neither this certificate nor any of the Unit(s) evidenced hereby itself
         entitles the [registered]  holder to any of the rights of a shareholder
         of the Company.

         Witness the facsimile seal of the Company and the facsimile  signatures
         of its duly authorized officers.

Dated: [      ]

By

                                [GRAPHIC OMITTED]
______________________________                     _____________________________
         Chairman of the Board                     Secretary

<PAGE>

                    CHINAGROWTH SOUTH ACQUISITION CORPORATION

         The Company  will furnish  without  charge to each  shareholder  who so
requests,  a statement of the powers,  designations,  preferences  and relative,
participating,  optional  or other  special  rights  of each  class of shares or
series  thereof  of  the  Company  and  the  qualifications,   limitations,   or
restrictions of such preferences and/or rights.

         The following  abbreviations,  when used in the inscription on the face
of this certificate,  shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM -  as tenants in common          UNIF GIFT MIN ACT - ____ Custodian ____
TEN ENT -  as tenants by the entireties                      (Cust)      (Minor)
JT TEN -   as joint tenants with right       under Uniform Gifts to Minors
           of survivorship and not           Act ______________
           as tenants in common                     (State)

Additional Abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED, ___________________________ HEREBY SELLS, ASSIGNS AND
TRANSFERS UNTO

PLEASE INSERT SOCIAL SECURITY OR OTHER
   IDENTIFYING NUMBER OF ASSIGNEE

_______________________________________

________________________________________________________________________________
  (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

________________________________________________________________________________

________________________________________________________________________________

__________________________________________________________________________ UNITS

REPRESENTED BY THE WITHIN CERTIFICATE, AND DO HEREBY IRREVOCABLY CONSTITUTE AND
APPOINT

_______________________________________________________________________ ATTORNEY
TO TRANSFER  THE SAID UNITS ON THE BOOKS OF THE WITHIN  NAMED  COMPANY WILL FULL
POWER OF SUBSTITUTION IN THE PREMISES.

DATED ________________________

                           _____________________________________________________
                           NOTICE:  The signature to this assignment must
                                    correspond with the name as written upon the
                                    face of the certificate in every particular,
                                    without alteration or enlargement or any
                                    change whatever.

Signature(s) Guaranteed:

_____________________________________________________________
THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN
ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO
S.E.C. RULE 17Ad-15).

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR
DESTROYED, THE COMPANY WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE
ISSUANCE OF A REPLACEMENT CERTIFICATE

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