Document:

CONFIDENTIAL
      INFORMATION OMITTED AND FILED SEPARATELY
      WITH
        THE SECURITIES AND EXCHANGE
        COMMISSION

      ASTERISKS
        (*****) DENOTE SUCH
        OMISSION

      Exhibit
        10.14

    

    Contract
      No: Original

    

    High-Voltage
      Power Supply & Demand Contract

     

    

    Printed
      in Electric Power Industry Ministry of P. R. China

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

      CONFIDENTIAL
        INFORMATION OMITTED AND FILED
        SEPARATELY

      WITH
        THE SECURITIES AND EXCHANGE
        COMMISSION

      ASTERISKS
        (*****) DENOTE SUCH
        OMISSION

    

     

    
      	
              Power
                Supplier: Electric Industry 
                Bureau
                  of Luoshan County

              

            	 	
              Power
                User: Henan Jinding Chemical Industry Co., Ltd.

            
	 	 	 
	
              Legal
                Address: No 3 of Xinheng Rord

            	 	
              Legal
                Address: Liu Li Peng of West Town

            
	 	 	 
	
              Legal
                Representative: Cui Xinzhu

            	 	
              Legal
                Representative: Zhou Dianchang

            
	 	 	 
	
              Authorized
                Procurator: Hao Yaodong

            	 	
              Authorized
                Procurator: Li Donlai

            
	 	 	 
	
              Phone:
                2131898

            	 	
              Phone:
                2168158

            
	 	 	 
	
              Fax:

            	 	
              Fax:

            
	 	 	 
	
              Post
                Code:

            	 	
              Post
                Code:

            
	 	 	 
	
              Bank
                of Deposit:

            	 	
              Bank
                of Deposit:

            
	 	 	 
	
              Account
                No:

            	 	
              Account
                No:

            
	 	 	 
	
              Taxation
                No:

            	 	
              Taxation
                No:

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

      CONFIDENTIAL
        INFORMATION OMITTED AND FILED
        SEPARATELY

      WITH
        THE SECURITIES AND EXCHANGE
        COMMISSION

      ASTERISKS
        (*****) DENOTE SUCH
        OMISSION

    

    In
      order
      to clarify rights and obligation in power supply and use of both power supply
      enterprise (thereinafter called as the Supplier) and power using unit
      (thereinafter called as the User), and supply and use electric power safely,
      economically, reasonably and orderly, this contract is concluded by agreement
      of
      both the Supplier and the User, according to the regulations of Electric
      Power Law of the People Republic of China,
      Electric
      Power Supply & Use Regulations
      and
Power
      Supply Business Rules,
      so as
      for both parties to keep faith and perform strictly.

    

    I.
      User address, electric consumption property and capacity

    

    
      
        	1.	
                User
                  address: Liu
                  Li Peng of West Town

              

      

    

     

    
      
        	2.	
                Electric
                  consuming property

              

      

    

     

    
      	(
              1
              )  	
              Industry
                classification: chemical
                industry

            

    

     

    
      	(
              2
              )  	
              Power
                classification: large
                industry

            

    

     

    
      	( 3 )  	
              Load
                property: important
                load (important
                load/common load)

            

    

     

    
      	( 4 )  	
              Production
                shift: three
                shifts,
                weekly day off          
                

            

    

    

    
      	3.	
              Electric
                consumption

            

    

     

    According
      to the application of the User, the Supplier confirms there is one power
      receiving point with the User. Total capacity of power receiving equipment
      is
30950
      KVA.
      Safety capacity          
      KVA,
      generating power capacity provided by the User KW.
      Where:

     

    There
      are
9
      receiving transformers in the power receiving point in Henan
      Jinding Chemical
      Industry Co., Ltd. total
      30950
KVA,
      (for
      multiple transformers)running
      mode is in
      parallel.

     

             Receiving
      high voltage motors in the power receiving point,       
      sets,
      total       
      KW
      (regarding
      as KVA),
      running
      mode is        
      

     

            Receiving
      transformers in the power receiving point,         
      sets,
      total
      KVA
      (for
      multiple transformers),
      running
      mode is        
      

     

            Receiving
      high voltage motors in the power receiving point,       
      sets,
      total       
      KW
      (running
      mode is KVA),
      running
      mode is       
      

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
          CONFIDENTIAL
            INFORMATION OMITTED AND FILED
            SEPARATELY

          WITH
            THE SECURITIES AND EXCHANGE
            COMMISSION

          ASTERISKS
            (*****) DENOTE SUCH
            OMISSION

        

      

    

     

    II.
      Power supply mode

    

    
      	1.	
              The
                Supplier supplies the User with three-phase AC 50HZ power supply,
                adopting
                single
                (single/double/multiple)power
                source, with
                single
                (single/double/multiple)circuit
                supply to User.

            

    

    

    
      	2.	
              Main
                power supply

            

    

     

    
      	(  1  )  	
              The
                Supplier supplies the power receiving point of Henan
                Jinding Chemical
                Industry Co. Ltd. with
                power of 35 KV voltage from Luoshan
                110 thousand
                distributing substation, through special line of aerial
                cable (aerial
                cable /line cable)
                sent
                by the switch of Luohua
                35.
                Power supply capacity is 30950
                KVA (KW).

            

    

    

    
      	(  2  )  	
                    
                KV
                voltage, from     
                line     
                branch
                (public/common)
                through      
                bar,
                is
                supplied to User        
                power
                receiving point. Power supply capacity is       
                KVA
                (KW).

            

    

    

    
      	(  3  )  	
              The
                Supplier supplies        
                KV
                voltage busbar from       
                power
                plant, through the switch       
                of
                outlet, to       
                power
                receiving point with direct distribution. Power supply capacity
                is       
                KVA(KW).

            

    

    

    3.
      Standby
      electric power

    

    (1)
      The
      Supplier supplies      
      KV voltage
      from      
      distributing
      substation, through special line of       
      (aerial
      cable /line cable)
      sent
      by
      the switch of outlet      
      to
      the
      power receiving point of      
      ,
      as
      production standby power of the User. Power supply capacity is       
      KVA
      (KW).

     

    (2)
      The
      Supplier supplies     
      KV
      voltage, from         
      line       
      branch
      (public/common)
      through     
      bar,
      to
      the User        
      power
      receiving point, as production standby power of the User. Power supply capacity
      is       
      KVA
      (KW).

    

    4.
      Safety
      power supply

    

    (
      1
      )
      The
      Supplier supplies     
      KV
            
      (special
      /
      public/common)line
      as
      safety power supply of the User. Safety electric quantity is      
      KVA,
      minimum safety electric power is         
      KW.

    

    (
      2
      )
      The
      User
      takes the following electricity or non-electricity measures to prevent accident
      power cut of power grid from influencing safety;

    

    a.Generator
      provided by the User      
      KW,
      installed
      in      
      place,
      or
      adopting UPS VA, installed
      in the place of       
      .

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
          CONFIDENTIAL
            INFORMATION OMITTED AND FILED
            SEPARATELY

          WITH
            THE SECURITIES AND EXCHANGE
            COMMISSION

          ASTERISKS
            (*****) DENOTE SUCH
            OMISSION

        

      

    

     

    b.
      Non-electricity safety measures are           
      .

    

    5.
      Without approval of the Supplier, the User must not transfer power supply to
      the
      third party. Entrusted by the Supplier, the User agrees that its          
      distributing
      substation (line)
      transfers
      power supply to the unit of      
      .
      Electric capacity transferred           
      KVA,
      electric
      power transferred         
      KW.
      For
      the matters concerning power supply transferred, an additional contract about
      power supply transfer shall be signed by the Supplier, the transferring party
      and the transferred party.

    

    6.
      For
      specific power supply connection mode, see attached figure Schematic
      of Power Supply Connection & Property Right Division.

    

    III.
      Power supply quality

    

    
      	1.  	
              In
                normal condition of power system, the Supplier supplies power to
                the User
                according to electric energy quality standard regulated in Power
                Supply Business Rules.

            

    

    

    
      	2.  	
              Power
                factor and interference and influence produced by harmonic source
                load,
                impulse load, fluctuation load and dissymmetry load in using with
                the User
                shall comply with national codes. Otherwise, the Supplier shall not
                guarantee the regulated electric energy
                quality.

            

    

    

    
      	3.  	
              In
                normal condition of power system, the Supplier shall supply power
                continuously. However, in order to make sure public safety of electric
                power system and maintain normal power supply order, the Supplier
                may cut
                power off according to law and prior notification, and the User shall
                cooperate.

            

    

    

    IV.
      Power consuming measurement

    

    
      	1.  	
              According
                to the national regulations, the Supplier installs power consuming
                measuring devices at all power receiving points of the User. The
                records
                of power measuring devices are the basis of electricity charge calculation
                for the User.

            

    

    

    
      	2.  	
              Power
                consuming measurement is taken: with
                high voltage(measured
                at high voltage / measured at low voltage).

            

    

    

    
      	3.  	
              Power
                consuming measuring devices are separately installed
                at:

            

    

    a.
      the
      high-voltage house, Luoshan 110 thousand distributing substation

    b.                                                                                                                          &am
p;#1
      60;         

    c.                                                                                                                          &am
p;#1
      60;         

    d.                                                                                                                          &am
p;#1
      60;        

    e.                                                                                                                          &am
p;#1
      60;        

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
          CONFIDENTIAL
            INFORMATION OMITTED AND FILED
            SEPARATELY

          WITH
            THE SECURITIES AND EXCHANGE
            COMMISSION

          ASTERISKS
            (*****) DENOTE SUCH
            OMISSION

        

      

    

     

    
      	4.  	
              Main
                parameters of consumption measuring device are in following
                table:

            

    

    

    
      	
              Name
                of measuring device 

            	 	
              Specification

            	 	
              Precision

            	 	
              Magnifying
                power

            
	 	 	 	 	 	 	 
	
              3-phase
                3-line active electric energy meter 

            	 	
              SD864
                1.5(6)A 100V

            	 	
              1.0

            	 	 
	 	 	 	 	 	 	 
	
              Current
                transformer

            	 	 	 	 	 	 
	 	 	 	 	 	 	 
	
              Voltage
                transformer

            	 	
              35000/100

            	 	 	 	 
	 	 	 	 	 	 	 
	
              3-phase
                3-line reactive electric energy meter

            	 	
              DX
                864 1.5(6)A 100V

            	 	
              1.0

            	 	 
	 	 	 	 	 	 	
              1:210000

            

    

    

    5.
      When
      the
      installing location of electricity-using gauging device doesn’t correspond to
      the place of equity demarcation, the owner of equity should be responsible
      for
      the losses of circuit and electric transformer. The circuit loss monthly
(increase/decrease),
      the iron loss of electric transformer (increase/decrease),
      the copper loss of electric transformer (increase/decrease),
      the
      quality of loss electricity is apportioned into all types of qualities of
      electricity using, and then calculate the electric charge separately.

    

    6.
      When
      the electricity user doesn’t use electricity by classification according to the
      electricity charge, the quantity of electricity             
      that
      the
      supplier couldn’t measured by installing the electric meter, make an appointment
      that calculate the electricity according to              
       kilowatt-hour
      monthly,
      or
      according to           
       percentage
      of the quantity monthly. With the changing of electricity using composing ratio
      and total amount, the electricity supplier should check and ratify it once
      yearly at least, and the user should accept.

    

    V.
      Reactive compensation and power factor

    

    1.
      The
      total capacity of reactive compensation device set by use is            
      kilovar,
      including: condenser
                  
      kilovar,
      compensator         
      kilovar.

    

    2.
      The
      power factor of electricity user should achieve 0.95
      in
      electricity using peak period.

    

    3.
      The
      supplier installs the reverse wattles electric energy meter (or duplexing
      wattles meter) in                                 
      place
      of
      user. The user should install and switch reactive compensation device according
      to the reactive compensation’s balance principle in situ. The wattles amount
      that user sends to supplier is regarded as the wattles amount absorbing
      supplier, calculating the monthly average power factor. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
          CONFIDENTIAL
            INFORMATION OMITTED AND FILED
            SEPARATELY

          WITH
            THE SECURITIES AND EXCHANGE
            COMMISSION

          ASTERISKS
            (*****) DENOTE SUCH
            OMISSION

        

      

    

     

    VI.
      Electricity price and clearing form of charge

    

    (1).
      Valuating according basis and fashion

    

    1)
      The
      supplier balances the electricity charge and relative fares with electricity
      amount from the user periodically according to the current electricity price
      that sanctified by price department in charge with management power, the record
      of electricity using gauging device and loss amount. In the effective period
      of
      contract, if the rate of electricity price and other charging items adjust,
      perform according to stipulation of price adjusting document.

    

    2)
      The
      user’s electricity charge balance performs two-part
      price
      system and the method of power factor adjusting electricity price.

    

    The
      basic
      electricity charge is calculated by transformer
      capacity(transformer
      capacity/maximum demand). The transformer capacity is 30950
      kilovolt-ampere.

    

    (2).
      Clearing form of electricity charge

    

    1)
      The
      supplier should read meters according to standard date, collect electricity
      charge from user on schedule.

    

    2)
      The
      user should pay off the total electricity charge within the time limit that
      the
      supplier defines. The paying manner is:

    

    a.
      The
      user pays the electricity to the supplier directly, ***** times
      in
      a month, that is, *****.

    

    b.
      The
      electricity supplier entrust the                           
          bank
      to                    
           (allocate/collect)
      electricity charge to the user,              
      times
      monthly (allocate/collect),
      that is           
      date,
      allocate            
       %;
                 
      date,
      allocate
      %;
      date,
      allocate
      %;
      date,
      allocate
      %;
      date,
      allocate
      %;
      and
      on            
      date
      settle all the electricity charge.

    

    c.
      Transfer-cheque-settlement
      and acceptance bill settlement.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
          CONFIDENTIAL
            INFORMATION OMITTED AND FILED
            SEPARATELY

          WITH
            THE SECURITIES AND EXCHANGE
            COMMISSION

          ASTERISKS
            (*****) DENOTE SUCH
            OMISSION

        

      

    

     

    (3)
      The
      electricity user shouldn’t refuse to pay for electricity charge by any manner
      and excuse. When the user has demurrals of electricity amount or charge, they
      should pay off the charge first of all, and then negotiate settlement. If
      negotiation fails, it could request the electricity administration department
      to
      conciliate, if conciliation also fails, both sides could choose apply for
      arbitrage or conduct prosecution.

    

    (4)
      According to the demand, the electricity supplier and user could sign other
      electric charge settlement agreement.

    

    VII.
      Dispatching and communication 

    

    (1)
      Both
      the electricity supplier and user should perform the relevant stipulations
      of
“Administrative Rules of Power Network Dispatching”. Both the two sides appoint,
      the user’s electric
      equipments
      are
      dispatched by the supplier, and about the specific dispatching matters, the
      electricity supplier and user will sign electricity dispatching
      agreement.

    

    (2)
      The
      two sides appoint to keep communication by following manner.

    The
      electricity supplier adopts:
      telephone 

    The
      electricity user adopts:
      telephone 

    

    VIII.
      The maintenance and management responsibility of electricity supplying
      facilities

    

    (1)
      According to the negotiation and confirmation of both the electricity supplier
      and user, the responsibility boundary point of electricity facilities’
operation, maintenance and management is set in *****.
      The
      broadcast point belongs to electricity part. The electricity supplying
      facilities in side of boundary point electrical source belong to the electricity
      supplier and the supplier is responsible for their operation, maintenance and
      management. The electricity supplying facilities in side of boundary point
      electrical load belong to the electricity user and the user is responsible
      for
      their operation, maintenance and management.

    

    (2)
      The
      electricity master switch and protective device of user should be set and sealed
      by the electricity supplier. The electricity user shouldn’t change them without
      authorization. 

    

    (3)
      The
      electricity supplying facilities separately controlled by the supplier or user
      shouldn’t be operated or changed without the other’s agreement, expect that
      there’s other agreement. If meeting emergency conditions (endangering the
      electricity network and electricity using safety, or maybe causing personal
      injury or equipment destroyed) and there must be operation of the facilities,
      they should inform the other part within 24 hours afterwards.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
          CONFIDENTIAL
            INFORMATION OMITTED AND FILED
            SEPARATELY

          WITH
            THE SECURITIES AND EXCHANGE
            COMMISSION

          ASTERISKS
            (*****) DENOTE SUCH
            OMISSION

        

      

    

     

    (4)
      The
      electricity gauging device and power load administration device in the accepting
      device of user are managed by the supplier. The user is responsible for
      protecting and overseeing the normal running, if there’s abnormity, the user
      should inform the supplier in time.

    

    (5)
      The
      legal liability upon electricity supplying facilities is allocated in the
      benchmark of the running, maintenance and management responsibility boundary
      point of electricity supplying facilities. The user and supplier of electricity
      should well complete their separate running, maintenance and management work
      of
      electricity facilities, and take on their corresponding responsibility according
      to law.

    

    IX.
      Appointed events

    

    (1)
      According to the stipulation of country, the electricity supplier should install
      power load management device in the user’s place. The user of electricity should
      accept.

    

    (2)
      To
      guarantee the safety of electricity supplying and using, the supplier will
      examine the using conditions of user periodically or not, and the user should
      accept. When the examiners perform the task of checking electricity, they should
      show their “electricity-using checking certificate”, the user should accompany
      and accept examination.

    

    (3)
      The
      electricity user should perform safety examination seasonally and preventive
      experiments of electric equipment on schedule, treating instantly when finding
      problems. When important device and personal injury occur, they should report
      to
      the electricity using checking department of the supplier. The electricity
      supplier should engage in the analysis of accident and help the user to make
      countermeasures. 

    

    (4)
      The
      electricians that work on the electricity accepting device of user must hold
      the
“electrician entering network and working certificate” issued by electric power
      administration department and only those with certificate are allowed to work.
      

    

    (5)
      When
      the electricity user alters or expands the equipment and protective control
      device, they should conduct the procedure in the supplier place, and can’t
      perform until the supplier audits and agrees. 

    

    (6)
      The
      user’s electric generating set provided by himself should report to the supplier
      for record, and for those demand for parallel in running, they can’t parallel in
      running until the supplier and the user sign the agreement. 

    

    (7)                                                                                               
       

     

    
      (8)                                                                                             
         

       

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
          CONFIDENTIAL
            INFORMATION OMITTED AND FILED
            SEPARATELY

          WITH
            THE SECURITIES AND EXCHANGE
            COMMISSION

          ASTERISKS
            (*****) DENOTE SUCH
            OMISSION

        

      

    

     

    

    X.
      Responsibility of breach of contract

    

    (1)
      Responsibility of breach of electricity supplier

    

    1)
      The
      electric power running accidents of supplier which cause damage to the user
      should take on compensation responsibility according to the No.95 stipulation
      of
“electricity supplying formulation”.

    

    However,
      if there’s one of the following conditions, the supplier doesn’t take on
      compensation responsibility.

    

    
      	a.  	
              The
                switch trip because power running accidents successfully coincide
                through
                auto coincidence device.

            

    

    

    
      	b.  	
              Those
                with current source provided by themselves and non-electricity security
                measures

            

    

    

    
      	c.  	
              Only
                one of the electricity sources cuts and other sources can still satisfy
                the security demand.

            

    

    2)
      If the
      supplier doesn’t inform the user of power cut beforehand according to the
      stipulated procedure, and causes loss to the user, the supplier should take
      on
      compensation responsibility according to Item 1 of No.95 stipulation of
“electricity supplying formulation”.

    

    3)
      If the
      supplier’s responsibility causes the power quality to exceed the criteria, and
      makes loss to the user, the supplier should take on compensation responsibility
      according to No.96 and 97 stipulations of “electricity supplying formulation”.

    

    (2)
      Default responsibility of electricity using 

    

    1)
      Electricity users have liabilities to pay compensations for the external power
      failure caused by the electricity users according to the regulation No. 95
      of
“Operating Rules of Power Supply”. But they do not have liabilities to pay
      compensations for the accident expanding part caused by power supplier.

    

    2)
      Electricity users may cause the electric energy not conforming to standards.
      The
      damage to users caused by this will be responsible by themselves; these users
      should be the responsible for the compensation of the damage to power supplier
      and other electricity users.

    

    3)
      Electricity users should be responsible for the default of overdue fines if
      they
      did not pay the entire electricity fees on time. The overdue fine starts from
      the day of overdue to the day of payment. The overdue fine should be calculated
      according to the following regulations: 

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
          CONFIDENTIAL
            INFORMATION OMITTED AND FILED
            SEPARATELY

          WITH
            THE SECURITIES AND EXCHANGE
            COMMISSION

          ASTERISKS
            (*****) DENOTE SUCH
            OMISSION

        

      

    

    
 

    a.
      calculated in two per thousand of the total defaulting fees per day to the
      defaulting part of current year; 

    

    b.
      calculated in three per thousand of the total defaulting fees per day to the
      defaulting part of over years.

    

    If
      the
      electricity users still do not pay the entire fees after urged by power
      supplier, power supplier can shut down part or whole power supply according
      to
      procedures stipulated by laws and can still charge the defaulting overdue
      fines.

    

    (3)
      Other
      default responsibilities should be treated according to related clause of the
      “Operating
      Rules of Power Supply”.

    

    XI.
      Ways of solving disputes

    

    The
      dispute caused by performing this contract between power supplier and
      electricity user should be compromise settled according to the principles of
      this contract. If the compromising can not be reached, the two sides should
      submit it to the power management department together for administrative
      reconciliation. If the reconciliation still not works, both sides can apply
      for
      arbitration or lodge a complaint. 

    

    XII.
      Power supply time

    

    Signed
      by
      this contract, power supplier can supply electricity to electricity user
      according to this contract after checked by power supplier of the newly built
      and reconstructed power receiving equipment of electricity user.

    

    XIII
      The effectiveness of this contact and unmentioned matters

    

    
      	(1).  	
              The
                unmentioned matters of this contract should be transacted according
                to
                regulations of related laws and rules of ”Power Supply and Use Clauses”,
                “Operating Rules of Power Supply”, and others. If national laws and
                policies are adjusted and amended, related clause of this contract
                should
                be amended and supplemented according to
                regulations.

            

    

    

    
      	(2).  	
              The
                effective date of this contract is from July 26th,
                2005
                to
                July 26th,
                2007.
                After the due date of this contract, if there is no dissidence from
                both
                the supplier and the user, this contract will continue to be effective
                after validated by both sides.

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
          CONFIDENTIAL
            INFORMATION OMITTED AND FILED
            SEPARATELY

          WITH
            THE SECURITIES AND EXCHANGE
            COMMISSION

          ASTERISKS
            (*****) DENOTE SUCH
            OMISSION

        

      

    

     

    
      	(3).  	
              In
                the effective date of this contract, if either side wants to amend,
                modify, or terminate the contract, this should be transacted according
                to
                clause No. 94 in the “Operating Rules of Power Supply”. This contract will
                remain effective before sign the written agreement for amend, modify,
                or
                terminate the contract.

            

    

    

    
      	(4).  	
              This
                contract will be effective after signed by power supplier and electricity
                user, and after stamped with the special seal and cachet (or special
                equipment seal of contract) for power supply and use.
                

            

    

    

    
      	(5).  	
              This
                contract original is in duplicate, one with power supplier and the
                other
                with electricity user. The copies are in            ,
                power supplier and electricity user hold            
                .
                They are with the same effectiveness.

            

    

    

    
      	(6).  	
              The
                appendix of this contract include:

            

    

    

    
      	d.  	
              The
                original contract is nullified, (the contract signed on May, 5th
                ,2004)

            

    

    
      	e.  	
              _______________________________________________

            

    

    
      	f.  	
              _______________________________________________

            

    

    
      	g.  	
              _______________________________________________

            

    

     

    The
      above
      appendixes are undivided parts of this contract.

     

    
      	Power
              supplier: (stamp)	 	
              Electricity
                user: (stamp)

            
	
              /s/
                Electricity Industry Bureau of Luoshan County 

            	 	/s/
              Henan Jinding Chemical Industry Co., Ltd. 
	 	 	 
	Contractor: (stamp)	 	
              Contractor:
                (stamp)

            
	 	 	 
	
              Signing
                date: July, 26th,
                2005 

            	 	Signing date: July, 26th,
              2005

    

     

    Attached
      drawing

    Schematic
      drawing of electricity supply wiring and property right dividing

    *****

     

    
      
        
        

      

      
        12EXHIBIT
      10.15

    
 

    Employment
      Contract

    

    Party
      A:
      Henan
      Jinding Chemical Industry Co., Ltd.

    

    Party
      B: Wang
      Xiangfu

    

    To
      establish a labor relationship and define the rights and obligations of the
      two
      parties, Party A and Party B conclude this Contract based on voluntariness,
      consultation and consistency, in accordance with the Labor
      Law of the People’s Republic of China,
      as well
      as related regulations.

    

    Article
      1
      Term of
      the Labor Contract

    

    
      	1.	
              The
                term of this Contract is 5year
                from May
                1, 2006
                to
                April 30, 2011.

            

    

     

    
      	2.	
              This
                Contract can be renewed by the two parties through consultation one
                month
                prior to the expiration.

            

    

     

    
      	3.	
              Where
                either party considers it unnecessary to renew the employment contract
                after the expiration of this Contract, such party shall notify in
                writing
                the other party one month prior to the expiration of this
                Contract.

            

    

     

    
      	4.	
              Where
                Party B resigns prior to the expiration of this Contract, a penalty
                of
                RMB200,000 shall be imposed on it.

            

    

     

    Article
      2
      Contents
      of Work

    

    
      	1.	
              Through
                examination, Party A agrees to employ Party B as one of its employees
                for
                the need of work. Party B agrees to work for Party A as the Deputy
                General Manager.

            

    

     

    
      	2.	
              Party
                A may, according to its need for work as well as Party B’s operations,
                capability of work and performance, adjust Party B’s working
                post.

            

    

     

    Article
      3
      Social
      Insurance and Benefits

    

    
      	1.	
              Paragraph
                3 of Article 5 under this Contract shall be executed with regard
                to social
                insurance.

            

    

     

    
      	2.	
              Party
                B enjoys the benefits prescribed by Party
                A.

            

    

     

    
      	3.	
              Party
                A shall, based on work situations, arrange Party B to rest where
                Party B
                is required to work on festivals or
                holidays.

            

    

     

    
      	4.	
              The
                legal festivals or holidays, as well as leave for wedding or for
                arranging
                funeral, shall be deemed as paid leave of
                period.

            

    

     

    Article
      4
      Labor
      Protection and Labor Conditions

    

    
      	1.	
              Party
                A shall provide Party B with the working environment and labor protection
                conditions stipulated by the state in respect of labor security and
                health.

            

    

     

    
      	2.	
              Party
                A may arrange Party B to take part in necessary business training
                according to its need for work.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Article
      5
      Work
      Hours and Remuneration

    

    
      	1.	
              Party
                B works 8 hours each day. Where Party B is required to work over
                time, the
                working hours can be appropriately
                extended.

            

    

     

    
      	2.	
              Party
                A determines the annual salary payment standard for Party B in accordance
                with regulations of its wage management system. The annual salary
                for the
                period of probation is RMB50,000
                and
                the annual salary after the probation is RMB80,000
                .

            

    

     

    
      	3.	
              Party
                A shall release the salary to Party B through rigorous assessment
                based on
                Party B’s current duty and post.

            

    

     

    
      	4.	
              Party
                A can, according to its business conditions as well as Party B’s skills
                and working efficiency, adjust the level of wage to Party B based
                on
                relevant provisions of Party A.

            

    

     

    
      	5.	
              Where
                Party A assigns Party B to work at its subordinate company for the
                need of
                work, Party B can enjoy relevant subsidies at such company of Party
                A in
                accordance with Party A’s related
                provisions.

            

    

     

    Article
      6
      Labor
      Discipline

    

    
      	1.	
              Party
                B shall comply with the laws, rules and regulations of the
                state.

            

    

     

    
      	2.	
              Party
                B shall comply with the rules and regulations and labor disciplines
                prescribed by Party A and voluntarily obey the administration and
                education of Party A.

            

    

     

    
      	3.	
              In
                case that Party B breaks the rules and regulations and labor disciplines
                of Party A, Party A will impose relevant punishment on Party B according
                to related provisions.

            

    

     

    Article
      7 Conditions
      for Cancellation and Termination of the Labor Contract

    

    
      	1.  	
              The
                Labor contract can be cancelled by Party A and Party B through unanimous
                consultation.

            

    

     

    
      	2.  	
              In
                the event of any of the following circumstances, Party A may cancel
                the
                Labor contract:

            

    

     

    
      	1)  	
              It’s
                proved that Party B fails to be qualified for employment conditions
                in the
                period of probation;

            

    

     

    
      	2)  	
              Party
                B materially breaks labor disciplines or Party A’s rules and
                regulations;

            

    

     

    
      	3)  	
              Party
                B neglects its duty or engages in malpractice materially, which results
                in
                substantial damages to interests of Party A;
                and

            

    

     

    
      	4)  	
              Party
                B is investigated with regard to criminal liabilities according to
                law.

            

    

     

    
      	3.  	
              In
                the event of any of the following circumstances, Party A may cancel
                the
                Labor contract, but shall notify Party B in writing 30 (thirty) days
                in
                advance:

            

    

     

    
      	1)  	
              Party
                B is ill, or injured at work, and after treatment, is unable to undertake
                the original work or work separately arranged by Party
                A;

            

    

     

    
      	2)  	
              Party
                B is unqualified for its work, and remains unqualified through training
                or
                adjustment in its work post; and

            

    

     

    
      	3)  	
              Material
                changes to the objective conditions on which the Labor contract is
                based
                occur, causing that the original Labor contract cannot be performed,
                and
                an agreement cannot be achieved by the parties concerned with regard
                to
                alteration in the Labor contract.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	4.  	
              Party
                B shall, in the event of requirement for cancellation of the Labor
                contract, notify Party A in writing 30 (thirty) days in
                advance.

            

    

     

    
      	5.  	
              In
                the event of any of the following circumstances, Party B can cancel
                the
                Labor contract by giving notice to Party A at any
                time:

            

    

     

    
      	1)  	
              Within
                the period of probation;

            

    

     

    
      	2)  	
              Party
                A forces Party B by means of violence, threat, or illegal limitation
                of
                personal freedom; and

            

    

     

    
      	3)  	
              Party
                A fails to pay the labor remuneration or provide the labor conditions
                in
                accordance with stipulated under the Employment
                Contract.

            

    

     

    
      	6.  	
              This
                Contract shall terminate at the expiration of it. Where there’s need of
                work, the labor contract can be renewed by Party A and Party B through
                unanimous consultation.

            

    

     

    Article
      8
      Liabilities for Breach of Contract

    

    Once
      established, this Contract must be strictly performed by the two parties. In
      the
      event of any breach of the contract, liabilities shall be ascertained in
      accordance with relevant provisions, and when an economic loss is incurred
      to
      the other party, the breaching party shall make compensation based on the
      consequences as well as the severity of such breach liabilities.

     

    Article
      9
      Settlement of Labor Dispute

    

    Any
      labor
      dispute arising out of the performance of this Contract can be submitted to
      a
      labor dispute arbitration committee having jurisdiction for arbitration. The
      party that requires arbitration shall, within 60 (sixty) days as of the date
      when such labor dispute occurs, submit a written application to the labor
      dispute arbitration committee.

    

    Article
      10
      Matters
      not detailed in this Contract shall be executed in accordance with the
      applicable laws, rules and regulations, and policies of the state.

     

    Article
      11
      This
      Contract is in duplicate with each party holding one copy.

     

    Article
      12 Other
      issues that are considered necessary by both parties.

     

    With
      the
      seals and signatures on behalf of: 

     

    
      	Party A:	 	Party B: 
	 	 	 
	/s/ Henan Jinding Chemical Industry
              Co.,
              Ltd.	 	
              /s/
                Wang Xiangfu

            

    

     

    Dated
      on
      April 27, 2006

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]