Document:

Exhibit
      10.10

     

    Reference
      No.: P/S2254/00344/06

    Date:
      22
      November 2006

    

    Shenzhen
      Ritar Power Co., Ltd.

    Building
      9, Second Industrial Zone, Fuqiao, Qiaotou Village, Fuyong Town, Bao’an
      District, Shenzhen

    

    To
      whom
      it may concern:

    Supplement
      to Credit Facility Agreement: Shenzhen Ritar Power Co., Ltd.
      (“Borrower”)

    

    We
      (Shenzhen Branch of DBS Bank (Hong Kong) Co., Ltd., hereinafter referred to
      as
“Bank”) are pleased to inform your company that in accordance with the Letter of
      Credit Facilities and its Supplementary Arrangement (Ref. P/S2254/00005/06
      and
      P/S2254/00193/06A) which were issued by us on 6 March 2006 and 29 May 2006
      respectively and have been signed and accepted by your company (hereinafter
      collectively referred to as “Original Letter”), we hereby confirm that except
      for the following amendment and supplement, the terms and conditions of the
      Original Letter shall remain valid until further notice:

    

    Supplements
      to the Original Letter:

     

    
      	(1)	
              The
                following clauses shall be added under item “Facilities” of the Original
                Letter:

            

    

     

    
      	
            	4.	
              Negotiation
                of discrepancy documentary letter of credit (with recourse): USD
                125,000
                or other currency equivalent (exchanged at the rate determined by
                the
                Bank) (Non-Commitment Credit Limit)

            

    

     

    Negotiation
      of the documentary letter of credit or draft (with recourse) which has been
      accepted by the Bank but with discrepancy. Notwithstanding anything stated
      in
      this Letter, the Bank is entitled to refuse to negotiate any documentary letter
      of credit or draft at the absolute discretion of the Bank.

     

    Interest
      Rate

     

    Standard
      draft interest rate as publicized by the Bank. Changeable at absolute discretion
      of the Bank.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	5.	
              Fixed
                Term Loan: RMB 2,500.000 yuan (Non-Commitment Credit Limit)
                

            

    

     

    Purpose:
      working capital

    

    Payment
      of principal: 

     

    The
      term
      of the loan is 2 years. The principal shall be paid in 24 installments each
      month, with the amount of the each installment as determined by the Bank (the
      last installment shall be equivalent to the remaining balance of unpaid
      principal and interest). 

     

    Payment
      of Interest:

     

    The
      interest is payable one month after the date of advance of the loan, and shall
      be paid at the same date for each following month. The abovementioned each
      month
      (including the first date but excluding the last date) shall be referred to
      as
      one interest period. The date of advance of the loan or the first date of each
      interest period shall be referred to as interest determination date. The
      interest rate for each interest period shall be 50% of the interest rate for
      the
      loans of similar nature publicized by People’s Bank of China which is applicable
      at the interest determination date.

    

    
      	(2)	
              The
                following clauses of (h) to (j) shall be added under item “Conditions
                Precedent” of the Original Letter:

            

    

     

    
      	
            	(h)	
              The
                original of the Real Property Certificate (No. Shen Fang Di Zi 3000237275)
                of 8B, Building 1, Anboijing Park, Jingtian, Shennan Road which is
                owned
                by Hu Jiada and Peng Hengying shall be kept in the
                Bank;

            

    

     

    
      	
            	(i)	
              The
                Letter of Undertakings (according to the template provided by the
                Bank)
                duly signed by Hu Jiada 

            

    

     

    
      	
            	(j)	
              The
                Letter of Undertakings (according to the template provided by the
                Bank)
                duly signed by Hu Jiada and Peng
                Hengying.

            

    

    

    
      	(3)	
              The
                following clause of “Penalty Interest for
                Appropriation”

            

    

     

    Penalty
      Interest for Appropriation: Without prejudice to other rights of the Bank under
      this Letter, in case that the Borrower uses the loan for purpose other than
      stated in this Letter, the Borrower is liable to pay the penalty interest at
      50%
      of the annual interest rate agreed in this Letter for the period from the date
      of appropriation to the date of repayment of the loan. The Borrower is also
      liable to pay the compound interest for any overdue penalty interest. In case
      that the penalty interest rate under this Letter is not applicable or should
      be
      adjusted due to adjustment by People’s Bank of China of the penalty interest
      rate, the Bank is entitled to adjust the penalty interest rate accordingly
      provided that the Bank shall inform the Borrower in advance.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Amendment
      to the Original Letter:

     

    
      	(1)	
              The
                item “Overdue Interest” of the Original Letter shall be amended as
                follows:

            

    

     

    Overdue
      Interest: For loan in foreign currency, the Borrower is liable to pay the
      overdue interest for any amount unpaid on due date at the Bank’s then prevailing
      overdue interest rate for foreign currency, or is liable to pay over-limit
      interest rate for any amount exceeding the agreed credit limit at the Bank’s
      then prevailing over-limit interest rate for foreign currency. The overdue
      interest or over-limit interest may be compounded monthly or at such other
      intervals as determined by the Bank. In case of any overdue payment of the
      Borrower, the Bank is entitled to increase the interest rate on the entire
      amount outstanding in foreign currency under this Letter, without prejudice
      to
      other rights of the Bank.

     

    For
      loan
      in RMB, the Borrower is liable to pay the overdue interest for any amount unpaid
      on due date at maximal overdue interest rate publicized and adjusted from time
      to time by People’s Bank of China (currently at 50% of the bank loan annual
      interest rate), or at 50% of the annual loan interest agreed in this Letter
      in
      the absence of the aforementioned overdue interest rate publicized by People’s
      Bank of China. The overdue interest may be compounded and is payable monthly.
      In
      case that the overdue interest rate under this Letter is not applicable or
      should be adjusted due to adjustment by People’s Bank of China of the overdue
      interest rate, the Bank is entitled to adjust the overdue interest rate
      accordingly.

    

    
      	(2)	
              The
                clause (e) under item “Undertakings” of the Original Letter shall be
                deleted. 

            

    

     

    Review
      fee: RMB 25,000 yuan

    Stamp
      Duty: to be born entirely by Borrower (including the part payable by the
      Bank)

    

    The
      banking facilities stated in this Letter is the restatement, elaboration,
      amendment and/or supplement of the original banking facilities. This Letter
      shall supersede the previous letter of bank facilities issued by the Bank on
      16
      June 2006 with reference No. P/S2254/00193/06.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    The
      terms
      and conditions of the Original Letter shall remain valid except for the
      amendment and supplement under this Letter.

    

    Please
      signify your understanding and acceptance of this offer by signing and returning
      to us the duplicate copy of this Letter for the attention of Ms. Jenny Ji or
      Mr.
      Paul Hu.

    

    We
      enclose a set of documents which should be completed and returned to us. If
      you
      have any queries, please contact Ms. Jenny Ji or Mr. Paul Wu at telephone number
      (755) 82691004 or 82691005.

    

    We
      are
      pleased to be of your services.

    

    Signed
      for and on behalf of 

    DBS
      Bank
      (Hong Kong) Limited Shenzhen Branch

    (Corporate
      Seal)

     

    Signed
      and accepted by:

     

    Shenzhen
      Ritar Power Co., Ltd.

    (Corporate
      Seal) 

    Authorized
      Representative: 

    
      	 	 	 	 	 
	 By:	/s/Jiada
              Hu	 	 	
            
	 	
              
Jiada
              Hu	 	 	
            
	 	
            	 	 	
            

    

     

    The
      Guarantors agree to accept the terms of this Letter and agree with the
      abovementioned amendments and supplements. The Guaranty Agreement signed by
      the
      Guarantors on 25 November 2006 shall remain valid. The Guarantors hereby confirm
      that notwithstanding the Guaranty Agreement, the Guarantors agree with any
      assignment made by the Bank in accordance with item “Assignment” of this Letter
      provided that the Bank shall inform the Guarantors in advance in writing. Any
      reference to the Bank in the Guaranty Agreement shall include any successor
      or
      assignee to the Bank.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 	 	 
	 Guarantor:	/s/Jiada
              Hu	 	 	 
	 	
              
Jiada
              Hu	 	 	
            
	 	
            	 	 	 

    

     

    
      	 	 	 	 	 
	 Guarantor:	/s/Henying
              Peng	 	 	 
	 	
              
Henying
              Peng 	 	 	
            
	 	
            	 	 	
            

    

     

    
      
        
        

      

      
        5Exhibit
      10.11

     

    FINANCIAL
      ADVISORY AGREEMENT

     

    THIS
      FINANCIAL ADVISORY AGREEMENT (“Agreement”) is made and entered into on the
      5th
      of
      September 2006, by and between HFG International, Limited, a Hong Kong
      corporation (“HFG”), and Shenzhen Ritar Power Co., Ltd, a company organized
      under the laws of The People’s Republic of China (the “Company”).

     

    W
      I T N E
      S S E T H:

     

    WHEREAS,
      the Company desires to engage HFG to provide certain financial advisory and
      consulting services as specifically enumerated below commencing as of the date
      hereof related to the Financing, the Restructuring, the Going Public Transaction
      and the Post-Transaction Period (each as hereinafter defined), and HFG is
      willing to be so engaged;

     

    NOW,
      THEREFORE, for and in consideration of the covenants set forth herein and the
      mutual benefits to be gained by the parties hereto, and other good and valuable
      consideration, the receipt and adequacy of which are now and forever
      acknowledged and confessed, the parties hereto hereby agree and intend to be
      legally bound as follows:

     

    1. Retention.
      As of
      the date hereof, the Company hereby retains and HFG hereby agrees to be retained
      as the Company’s exclusive
      financial advisor during the term of this Agreement. The Company acknowledges
      that HFG shall have the right to engage third parties to assist it in its
      efforts to satisfy its obligations hereunder. In its capacity as a financial
      advisor to the Company, HFG will:

     

    
      	 	
              A.

            	
              Restructuring,
                Going Public Transaction and
                Financing.

            

    

     

    (i) consult
      on the implementation of a restructuring plan (the “Restructuring”) resulting in
      an organizational structure that will allow the Company to complete the Going
      Public Transaction;

     

    assist
      the Company in evaluating the manner of effecting a going public transaction
      (a
“Going Public Transaction”) with a public shell corporation domiciled in the
      United States of America and quoted on the “OTC BB” (“Pubco”) resulting in HFG,
      its affiliates and the minority shareholders of the public shell corporation
      retaining control of 9% of all the issued and outstanding stock of Pubco
      following consummation of both the Financing and the Going Public Transaction.
      The Company acknowledges that it has presented HFG with financial projections
      for the 12 month “trailing” period ending September 30, 2006 (the “2005/2006
      Projections”) indicating that the Company will report net income, with actual
      reported net income for this period being referred to herein as (“2005/2006
      ARNI”), of at least $3.5 million USD (the “2005/2006 Projected NI”). If the
      Company fails to satisfy the 2005/2006 Projected NI, to be reported to HFG
      on or
      before November 15, 2006, HFG shall have the right, upon delivery of written
      notice to the Company to be delivered in 5 days after the Company reports
      2005/2006ARNI to HFG, to terminate this Agreement and the Financing Agreement
      attached hereto as Exhibit “A” or renegotiate their respective terms. If it is
      HFG’s desire to renegotiate the terms of the Going Public and Financing
      Transactions, such negotiations will terminate 15 days after the date the notice
      requesting a renegotiation is delivered to the Company, and in the event that
      new terms are not agreed upon within said 15 day period this Agreement shall
      be
      deemed terminated, unless the 15 day period is extended by the Company and
      HFG;
      and

     

    
      
        FINANCIAL
          ADVISORY AGREEMENT

      

      
        Page
          1

        
          

        

      

      
        
        

      

       

    

    (ii) assist
      the Company in a capital raising transaction (a “Financing”) as permitted by
      applicable law and in accordance with the terms of that certain Financing
      Agreement (the “Financing Agreement”) attached hereto as Exhibit
“A”.

     

    
      	 	
              B.

            	
              Post
                Transaction Period

            

    

     

    Upon
      consummation of the Going Public Transaction, HFG agrees to:

     

    (i) coordinate
      and supervise a training program for the purpose of facilitating new
      management’s operation of the public company;

     

    (ii) if
      necessary, consult on the preparation of an information statement to be filed
      with the SEC to change Pubco’s name and to in turn assist in obtaining a new
      CUSIP number and stock symbol for Pubco;

     

    (iii) consult
      on the development and implementation of Pubco’s investor relations efforts,
      which shall include (a) a program for communicating with brokerage
      professionals, investment bankers and market makers; (b) a complete investor
      relations strategy to be implemented in English and Chinese; and (c) the
      preparation and dissemination of press releases (the Company agrees that all
      costs and expenses charged by investor relations and press relations firms
      introduced by HFG and engaged by Pubco will be the sole responsibility of
      Pubco);

     

    (iv) provide
      assistance and guidance in the preparation and assembly of application materials
      for the listing of Pubco’s common stock on a national exchange or quotation
      medium that may include, but shall not necessarily be limited to, the American
      Stock Exchange or the NASDAQ Stock Market;

     

    (v) act
      as
      Pubco’s exclusive advisor on all financing efforts for a period of 24 months
      following the closing of the Going Public Transaction; and

     

    (vi) provide
      Pubco with such additional financial advisory services as may be reasonably
      requested, to the extent HFG has the expertise or legal right to render such
      services.

     

    2. Authorization.
      Subject
      to the terms and conditions of this Agreement, the Company hereby appoints
      HFG
      to act on a best efforts basis as its consultant during the Authorization Period
      (as hereinafter defined). HFG hereby accepts such appoint, with it being
      expressly acknowledged that HFG is acting in the capacity of independent
      contractor and not as an agent of either the Company, affiliates of the Company
      resulting from the Restructuring, or Pubco.

    
       

      
        
          FINANCIAL
            ADVISORY AGREEMENT

        

        
          Page
            2

          
            

          

        

        
          
          

        

         

      

    

    In
      addition, except in the event of an act constituting either willful misconduct
      or gross negligence on the part of HFG, the Company agrees that it will not
      hold
      HFG responsible in the event that either the Restructuring, the Financing or
      the
      Going Public Transaction is not consummated, nor shall it hold HFG liable for
      any damages suffered by the Company as a result of the Company’s inability to
      consummate either the Restructuring, the Financing or the Going Public
      Transaction. However, in the event HFG commits an act constituting either
      willful misconduct or gross negligence which makes it impossible to complete
      either the Financing or the Going Public Transaction, HFG shall indemnify the
      Company against all costs, including legal, accounting and other fees and
      expenses, arising from the Company’s efforts to complete the Financing and the
      Going Public Transaction. It is expressly acknowledged by the Company that
      HFG
      shall not render legal or accounting advice in connection with the services
      to
      be provided herein. HFG shall have the right to recommend the legal and
      accounting professionals for the transactions contemplated herein.

     

    3. Authorization
      Period.
      Except
      as otherwise provided for herein, HFG’s engagement hereunder shall become
      effective on the date hereof (the “Effective Date”) and will automatically
      terminate (the “Termination Date”) on the first to occur of either of the
      following: (a) either party exercises their right of termination under
Section
      5.
      hereof,
      (b) the Company’s breach of its covenants herein or (c) Pubco’s listing on a
      national stock exchange or a quotation medium. This Agreement may be extended
      beyond the Termination Date if both parties mutually agree in writing. Except
      as
      to certain obligations of the Company under Section 4.
      hereof,
      this Agreement shall also terminate immediately upon the mutual decision of
      the
      parties not to move forward with the Restructuring, the Financing or the Going
      Public Transaction.

     

    4. Fees
      and Expenses.
      Immediately upon the commencement of HFG’s due diligence investigation of the
      Company, the Company shall deliver to HFG via wire transferred funds the
      non-refundable amount of US $15,000. Upon completion of the Company’s business
      plan, the Company shall deliver to HFG via wire transferred funds the
      non-refundable amount of US$15,000. Simultaneous with the closing of the Going
      Public Transaction, the Company shall pay to HFG a fee of US $450,000 (the
      “Fee”), via wire transferred funds. 

     

    In
      addition, the Company shall reimburse HFG for all documented travel and lodging
      expenses incurred by HFG personnel during the term of this Agreement.
      Reimbursement is to be made within 10 days of receipt of a written request
      for
      reimbursement submitted to the Company. 

     

    5. Due
      Diligence and Auditabilty.
      HFG
      shall have the right to perform a due diligence investigation of the Company
      that demonstrates to HFG’s sole satisfaction that the Company is a suitable
      candidate for the Going Public Transaction, which due diligence investigation
      shall include consultation with the Company’s independent audit firm regarding
      the auditablity of the Company in accordance with US GAAP. HFG shall have the
      right to terminate this Agreement in the event it determines that there exists
      a
      material and non-curable due diligence matter. The Company shall also have
      the
      right to perform a due diligence investigation of the public
      company.

    
       

      
        
          FINANCIAL
            ADVISORY AGREEMENT

        

        
          Page
            3

          
            

          

        

        
          
          

        

         

      

    

    6. Representations
      and Covenants.
      The
      Company covenants and agrees that it will ensure that simultaneous with the
      closing of the Going Public Transaction, Pubco will file a registration
      statement on appropriate form with the SEC to register the HFG’s or its
      affiliates' holdings in Pubco (the “HFG Shares”) under Section 5 of the
      Securities Act of 1933 (the “Act”) for purposes of resale. The registration
      statement shall remain current until such time as the HFG Shares may be eligible
      for resale under Rule 144(k) of the Act.

     

    7. Indemnification.
      The
      parties hereto shall indemnify each other to the extent provided for in this
      paragraph. Except as a result of an act of gross negligence or willful
      misconduct on the part of a party hereto, no party shall be liable to another
      party, or its officers, directors, employees, shareholders or affiliates, for
      any damages sustained as a result of an act or omission taken or made under
      this
      Agreement. In those cases where gross negligence or willful misconduct of a
      party is alleged and proven, the non-damaged party agrees to defend, indemnify
      and hold the damaged party harmless from and against any and all reasonable
      costs, expenses and liabilities suffered or sustained as a result of the act
      of
      gross negligence or willful misconduct

     

    8. Governing
      Law.
      This
      Agreement shall be governed by the laws of the Peoples Republic of China and
      any
      dispute arising hereunder shall be submitted for binding arbitration to the
      China Foreign Trade Commission Arbitration Committee in Shanghai. 

     

    It
      is
      understood that this Agreement will be prepared and executed in both the English
      and Chinese languages, with both versions having legal efficacy. If a dispute
      arises as to the interpretation of a particular provision of this Agreement
      because of differences between the Chinese and English languages, the dispute
      shall be resolved in accordance with the provisions of the preceding paragraph
      of this Section 8.

     

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the day and
      year
      first above written.

     

    HFG:

     

    HFG
      International, Limited

     

    

     

    By: 
      /s/ Timothy P.
      Halter                                               

    Timothy
      P. Halter,

    Its: Chairman
      and CEO

     

    
       

      
        
          FINANCIAL
            ADVISORY AGREEMENT

        

        
          Page
            4

          
            

          

        

        
          
          

        

         

      

    

    The
      Company:

     

    Shenzhen
      Ritar Power Co., Ltd

     

    

     

    By:
      /s/ Hu
      Jiada                                     

    Name:Hu
      Jiada

    Its: Chairman

    
       

       

       

       

      
        
          FINANCIAL
            ADVISORY AGREEMENT

        

        
          Page
            5

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