Document:

Exhibit
      10.1

     

     

    Asset
      Exchange Agreement

     

    

    Party
      A:
      Shanxi Puda Coal Group Co.

    Registered
      Address: No. 426, Xuefu Street, Taiyuan, Shanxi Province

    Legal
      Representative: Zhao Ming

    

    Party
      B:
      Lingshi County Jinliao Coal & Chemical Co., Ltd.

    Registered
      Address: Liangdu Industrial Park of Lingshi County

    Legal
      Representative: Zhang Laiyi

    

    

    

    WHEREAS,
      the annual production of the coal washing plant owned by Party A is 400,000
      metric tons, and the annual production of the coal washing plant owned by Party
      B is 1.2 million metric tons; and 

    

    WHEREAS,
      Party A wishes to expand its production capacity. 

    

    NOW
      THEREFOR, Party A and Party B (collectively, “Parties”) hereto agree
      upon such exchange (the “Asset Exchange”) of all assets of the coal washing
      plant owned by Party A plus additional cash for all assets of the coal washing
      plant owned by Party B.

    

    
      	
            	1.	
              The
                board of directors of Shanxi Puda Coal Group Co. has made a resolution
                approving the Asset Exchange of all assets of its 400,000-MT coal
                washing
                plant, evaluated at RMB 11.50 million, plus RMB 45.50 million in
                cash, for
                all assets of Chongjie Coal Washing Plant, owned by Lingshi Jinliao
                Coal
                & Chemical Co., Ltd., evaluated at RMB 57 million.
                

            

    

    

    
      	
            	2.	
              The
                board of directors of Lingshi Jinliao Coal & Chemical Co., Ltd. has
                made a resolution approving the Asset Exchange of all assets of Chongjie
                Coal Washing Plant, evaluated at RMB 57 million, for all assets of
                the
                coal washing plant owned by Shanxi Puda Coal Group Co. plus additional
                cash with a total value of RMB 57
                million.

            

    

    

    Through
      friendly consultation, both Parties agree to the following terms of the Asset
      Exchange (the “Agreement”):

    

    
      	 	
              I.

            	
              Description
                of the Asset Exchange

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    Shanxi
      Puda Coal Group Co. exchanges all assets of its coal washing plant, located
      in
      Shachuan Village, Liulin County, Shanxi Province (“Plant A”), plus additional
      cash, with a total value of RMB 57 million, for all assets of Chongjie Coal
      Washing Plant, owned by Lingshi Jinliao Coal & Chemical Co., Ltd., located
      at Yi Zhuang Villagers’ Group, Tai Village, Liang Du Township, Lingshi County
      (“Plant B”).

    

    
      	 	
              II.

            	
              Considerations
                of the Asset Exchange 

            

    

    

    
      	 	
              a.

            	
              Assets
                Exchanged from Party A to Party B:

            

    

    

    All
      assets of Plant A, which is owned by Party A, with a book value of RMB 11.5
      million (the schedule of assets is attached to this Agreement).

    

    
      	 	
              b.

            	
              Assets
                Exchanged from Party B to Party A:

            

    

    

    All
      assets of Plant B, which is owned by Party B, with a book value of RMB 57
      million (the schedule of assets is attached to this Agreement). 

    

    
      	 	
              c.

            	
              Pricing
                and Evaluation of the Asset
                Exchange

            

    

    

    Pricing
      of the exchanged assets is based on book value as prepared and maintained by
      both Parties. Assets of Plant A are evaluated at RMB 11.5 million. Assets of
      Plant B are evaluated at RMB 57 million.

    

    
      	 	
              d.

            	
              Additional
                Cash

            

    

    

    Both
      Parties agree that the price differential of RMB 45.5 million in this Asset
      Exchange will be paid in Additional Cash by Shanxi Puda Coal Group Co. to Party
      B.

    

    
      	 	
              III.

            	
              Rights
                and Obligations of Both Parties

            

    

    

    
      	 	
              a.

            	
              Rights
                and Obligations of Party A:

            

    

    

    
      	 	
              i.

            	
              Party
                A warrants that it owns Plant A, which is free from any lien, mortgage
                or
                any other encumbrance which may affect this Asset
                Exchange;

            

    

    
      	 	
              ii.

            	
              Upon
                the completion of this Asset Exchange, Party A shall assist Party
                B in
                completing necessary transfer procedures, and shall provide documentation
                as may be required in a timely
                manner.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	 	
              b.

            	
              Rights
                and Obligations of Party B:

            

    

     

    
      	 	
              i.

            	
              Party
                B warrants that it owns Plant B, which is free from any lien or any
                other
                encumbrance right which may affect this Asset
                Exchange;

            

    

    
      	 	
              ii.

            	
              Upon
                the completion of this Asset Exchange, Party B shall assist Party
                A in
                completing necessary transfer procedures, and shall provide documentation
                as may be required in a timely
                manner.

            

    

    

    
      	 	
              IV.

            	
              Performance
                and Payment

            

    

    

    
      	 	
              a.

            	
              Within
                ten days after the execution of this Agreement, both Parties shall
                designate representatives to take necessary procedures to complete
                the
                asset transfers.

            

    

    
      	 	
              b.

            	
              Party
                A shall remit the Additional Cash, in the amount of RMB 45.50 million,
                to
                party B within three days of the completion of such asset transfers.
                

            

    

    

    
      	 	
              V.

            	
              Liabilities
                of Breach 

            

    

    

    In
      the
      event of delayed performance after the execution of this Agreement, the delaying
      Party shall pay to the non-delaying Party a daily damage, in the amount of
      0.5%
      of the total value unperformed.

    

    
      	 	
              VI.

            	
              Miscellaneous
                

            

    

    

    
      	 	
              a.

            	
              This
                Agreement shall be executed in six copies, three to be kept by each
                Party.
                The Agreement shall become effective when signed and sealed by both
                Parties.

            

    

    
      	 	
              b.

            	
              This
                Agreement shall be deemed executed at the location of Party A. In
                the
                event of dispute not resolved through consultation, the moving Party
                may
                submit the dispute to the People’s Court sitting at the location of
                execution of this Agreement.

            

    

    
      	 	
              c.

            	
              Upon
                the completion of this Asset Exchange, the business licenses of both
                Parties shall remain valid and in effect. Each Party shall be responsible
                for updating its business address as it may become
                necessary.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Party
      A:
      Shanxi Puda Coal Group Co. (Seal)

    

    Legal
      Representative: /s/ Zhao Ming

    

    Signed:
      June 6, 2007

    

    

    Party
      B:
      Lingshi Jinliao Coal & Chemical Co., Ltd. (Seal) 

    

    Legal
      Representative: /s/ Zhang Laiyi

    

    Signed:
      June 6, 2007

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Asset
        list--Puda Liulin Dongqiang Coal Washing
        Plant

    

    

      
        	
                Name

              	 	
                Quantity

              	 	
                Book
                  Value('000 RMB)

              	 
	
                Office
                  Building

              	 	 	
                1

              	 	 	
                1,246

              	 
	
                Plant

              	 	 	
                1

              	 	 	
                2,287

              	 
	
                Coal
                  Washing Machine

              	 	 	
                2

              	 	 	
                2,000

              	 
	
                Pump

              	 	 	
                4

              	 	 	
                120

              	 
	
                Belt
                  Conveyor

              	 	 	
                4

              	 	 	
                220

              	 
	
                Compressor

              	 	 	
                3

              	 	 	
                630

              	 
	
                Forklift

              	 	 	
                4

              	 	 	
                1,200

              	 
	
                Bulldozer

              	 	 	
                2

              	 	 	
                218

              	 
	
                Floatation
                  Machine

              	 	 	
                1

              	 	 	
                324

              	 
	
                Testing
                  Equipment

              	 	 	
                1

              	 	 	
                92

              	 
	
                Electrical
                  Pump

              	 	 	
                2

              	 	 	
                436

              	 
	
                Car
                  and Truck

              	 	 	
                6

              	 	 	
                2,100

              	 
	
                Computer

              	 	 	
                6

              	 	 	
                64

              	 
	
                Copier

              	 	 	
                3

              	 	 	
                19

              	 
	
                Projector

              	 	 	
                2

              	 	 	
                17

              	 
	
                Printer

              	 	 	
                2

              	 	 	
                4

              	 
	
                Central
                  Air Conditioner

              	 	 	
                1

              	 	 	
                524

              	 
	
                Total

              	 	 	 	 	 	
                11,501

              	 

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        Asset
          List--Lingshi Jinliao Coal Washing
          Plant

      

    

    
      

        
          	
                  Name

                	 	
                  Quantity

                	 	
                  Book
                    Value('000 RMB)

                	 
	
                  Land
                    use right&Plant

                	 	 	 	 	 	
                  3,957

                	 
	
                  Compressor

                	 	 	
                  1

                	 	 	
                  740

                	 
	
                  Pump

                	 	 	
                  7

                	 	 	
                  635

                	 
	
                  Centrifugal
                    Dewatering Machine

                	 	 	
                  2

                	 	 	
                  1,142

                	 
	
                  Sift

                	 	 	
                  3

                	 	 	
                  5,253

                	 
	
                  Desliming
                    Screen

                	 	 	
                  1

                	 	 	
                  523

                	 
	
                  Magnet
                    Beneficating Machine

                	 	 	
                  1

                	 	 	
                  1,934

                	 
	
                  Scraper

                	 	 	
                  1

                	 	 	
                  720

                	 
	
                  Filter
                    Press

                	 	 	
                  3

                	 	 	
                  3,485

                	 
	
                  Floating
                    Beneficating Machine

                	 	 	
                  2

                	 	 	
                  5,996

                	 
	
                  Monitoring
                    Equipment

                	 	 	
                  3

                	 	 	
                  4,295

                	 
	
                  Thickening
                    Machine

                	 	 	
                  1

                	 	 	
                  3,830

                	 
	
                  Furnace
                    

                	 	 	
                  1

                	 	 	
                  157

                	 
	
                  Crusher

                	 	 	
                  3

                	 	 	
                  1,977

                	 
	
                  Belt
                    conveyor

                	 	 	
                  5

                	 	 	
                  4,275

                	 
	
                  Adaptor

                	 	 	
                  6

                	 	 	
                  1,192

                	 
	
                  Scale

                	 	 	
                  3

                	 	 	
                  858

                	 
	
                  Bulldover

                	 	 	
                  2

                	 	 	
                  760

                	 
	
                  Loader

                	 	 	
                  2

                	 	 	
                  1,216

                	 
	
                  Oil
                    Tank

                	 	 	
                  1

                	 	 	
                  69

                	 
	
                  Jigging
                    Machine

                	 	 	
                  2

                	 	 	
                  1,198

                	 
	
                  Cyclone

                	 	 	
                  2

                	 	 	
                  2,050

                	 
	
                  Fuel
                    Dispenser

                	 	 	
                  2

                	 	 	
                  27

                	 
	
                  High
                    Voltage Equipment

                	 	 	
                  2

                	 	 	
                  1,926

                	 
	
                  Power
                    Generator

                	 	 	
                  1

                	 	 	
                  2,650

                	 
	
                  Coal
                    Feeder

                	 	 	
                  2

                	 	 	
                  1,037

                	 
	
                  Processor

                	 	 	
                  1

                	 	 	
                  560

                	 
	
                  Desliming
                    Cone

                	 	 	
                  2

                	 	 	
                  1,364

                	 
	
                  Coal
                    Middlings Dewatering Machine

                	 	 	
                  1

                	 	 	
                  405

                	 
	
                  Digger

                	 	 	
                  1

                	 	 	
                  948

                	 
	
                  Filter

                	 	 	
                  1

                	 	 	
                  669

                	 
	
                  Shale
                    Tank

                	 	 	
                  3

                	 	 	
                  897

                	 
	
                  Testing
                    Equipment

                	 	 	
                  1

                	 	 	
                  161

                	 
	
                  Oil
                    Cone

                	 	 	
                  1

                	 	 	
                  47

                	 
	
                  Roots
                    Blower

                	 	 	
                  1

                	 	 	
                  57

                	 
	
                  Total

                	 	 	 	 	 	
                  57,010NUMBER

              U-__________

               

            	 	
              UNITS

            
	
               SEE
                REVERSE FOR 

            	 
	
              CERTAIN
                DEFINITIONS

            	
              IXI
                MOBILE, INC.

            
	 	 
	 	 
	 	
               CUSIP
                466026 20
                0

            

    

     

    UNITS
      CONSISTING OF ONE SHARE OF COMMON STOCK AND TWO WARRANTS EACH TO PURCHASE ONE
      SHARE OF COMMON STOCK

    

    THIS
      CERTIFIES THAT
      ______________________________________________________________________________

    

    is
      the
      owner of
      ________________________________________________________________________________
      Units.

    

    Each
      Unit
      (“Unit”) consists of one (1) share of common stock, par value $.0001 per share
      (“Common Stock”), of IXI Mobile, Inc., a Delaware corporation (the “Company”),
      and two warrants (the “Warrants”). Each Warrant entitles the holder to purchase
      one (1) share of Common Stock for $5.00 per share (subject to adjustment).
      Each
      Warrant will become exercisable on July 12, 2006, and will expire unless
      exercised before 5:00 p.m., New York City Time, on July 11, 2009, or earlier
      upon redemption (the “Expiration Date”). The terms of the Warrants are governed
      by a Warrant Agreement, dated as of July 12, 2005, between the Company and
      Continental 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 17 Battery Place, New York, New York 10004, 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.

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

     

    
      	
               By

               

               

               

              
                

              

              President

            	 	
               

            	 	
               

               

               

              
                
Secretary

            
	
            	 	 	 	 

    

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IXI
      Mobile, Inc.

     

    The
      Company will furnish without charge to each stockholder who so requests, a
      statement of the powers, designations, preferences and relative, participating,
      optional or other special rights of each class of stock 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 of 

              	
                under
                  Uniform Gifts to Minors

              
	 	 	
                survivorship
                  and not as tenants in common

              	
                Act
                  ______________

              
	 	 	 	
                 (State)

              

      

    

    
    

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

     

    For
      value received, ___________________________ hereby sell, assign and transfer
      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).

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