Document:

Exhibit
10.27

    

    THE
SECURITIES REPRESENTED HEREBY MAY NOT BE TRANSFERRED UNLESS (I) SUCH SECURITIES
HAVE BEEN REGISTERED FOR SALE PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), OR (II) THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL
REASONABLY SATISFACTORY TO IT THAT SUCH TRANSFER MAY LAWFULLY BE MADE WITHOUT
REGISTRATION UNDER THE SECURITIES ACT OR QUALIFICATION UNDER APPLICABLE STATE
SECURITIES LAWS.

    

    SUBJECT
TO THE PROVISIONS HEREOF, THIS WARRANT SHALL BE VOID AFTER 5:00 P.M. EASTERN
TIME ON JUNE 28, 2013 (THE “EXPIRATION DATE”).

    

    No.
              2           

     

    BIRCH
BRANCH, INC.

    

    WARRANT
TO PURCHASE [__________]1 SHARES OF

    COMMON
STOCK, NO PAR VALUE PER SHARE

    

    FOR VALUE
RECEIVED, SCM CAPITAL, LLC, a Connecticut limited liability company
(“Warrantholder”), is entitled to purchase, subject to the provisions of this
Warrant, from Birch Branch, Inc., a Colorado corporation (“Company”), at any
time on or prior to 5:00 P.M., Eastern time, on the Expiration Date (as
defined above), at an exercise price per share equal to $4.50 (the exercise
price in effect being herein called the “Warrant Price”), [__________] shares
(“Warrant Shares”) of the Company’s Common Stock, no par value per share
(“Common Stock”).  The number of Warrant Shares purchasable upon
exercise of this Warrant and the Warrant Price shall be subject to adjustment
from time to time as described herein.  This Warrant is being issued
pursuant to a Letter of Intent, dated as of April 8, 2010 (the “Letter of
Intent”), between Shun Cheng Holdings HongKong Limited, a company organized
under the laws of Hong Kong and a wholly-owned subsidiary of the Company, and
the Warrantholder.  Capitalized terms used herein have the respective
meanings ascribed thereto in the Letter of Intent unless otherwise defined
herein.

     

    Section
1.        Registration.  The
Company shall maintain books for the transfer and registration of the
Warrant.  Upon the initial issuance of this Warrant, the Company shall
issue and register the Warrant in the name of the
Warrantholder.

    

      
        

      

    
      1 6% of
the number of shares of Common Stock issued and outstanding, on a fully diluted
basis, immediately following the closing of the Private Financing less
1,922,833.

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    Section
2.        Transfers.  As
provided herein, this Warrant may be transferred only pursuant to a registration
statement filed under the Securities Act of 1933, as amended
(the “Securities Act”), or an exemption from such
registration.  Subject to such restrictions, the Company shall
transfer this Warrant from time to time upon the books to be maintained by the
Company for that purpose, upon surrender hereof for transfer, properly endorsed
or accompanied by appropriate instructions for transfer and such other documents
as may be reasonably required by the Company, including, if required by the
Company, an opinion of its counsel to the effect that such transfer is exempt
from the registration requirements of the Securities Act, to establish that such
transfer is being made in accordance with the terms hereof, and a new Warrant
shall be issued to the transferee and the surrendered Warrant shall be canceled
by the Company.

     

    Section
3.        Exercise of
Warrant.

     

    (a)    
   General.  Subject
to the provisions hereof, the Warrantholder may exercise this Warrant, in whole
or in part, prior to its expiration upon surrender of the Warrant, together with
delivery of a duly executed Warrant exercise form, in the form attached hereto
as “Appendix A”
(the “Warrant Exercise Form”), and payment by cash, certified check or wire
transfer of funds (or, in certain circumstances, by cashless exercise as
provided in Section 3(c) below) of the
aggregate Warrant Price for that number of Warrant Shares then being purchased,
to the Company during normal business hours on any business day at the Company’s
principal executive offices (or such other office or agency of the Company as it
may designate by notice to the Warrantholder).  The Warrant Shares so
purchased shall be deemed to be issued to the Warrantholder or the
Warrantholder’s designee, as the record owner of such shares, as of the close of
business on the date on which this Warrant shall have been surrendered (or the
date evidence of loss, theft or destruction thereof and security or indemnity
satisfactory to the Company has been provided to the Company), the Warrant Price
shall have been paid and the completed Warrant Exercise Form (or, in the case of
a cashless exercise, the form attached hereto as “Appendix B” (the “Net
Issue Election Notice”)) shall have been delivered.  Certificates for
the Warrant Shares so purchased shall be delivered to the Warrantholder within a
reasonable time, not exceeding three (3) business days, after this Warrant shall
have been so exercised.  The certificates so delivered shall be in
such denominations as may be requested by the Warrantholder and shall be
registered in the name of the Warrantholder or such other name as shall be
designated by the Warrantholder, as specified in the Warrant Exercise
Form.  If this Warrant shall have been exercised only in part, then,
unless this Warrant has expired, the Company shall, at its expense, at the time
of delivery of such certificates, deliver to the Warrantholder a new Warrant
representing the right to purchase the number of shares with respect to which
this Warrant shall not then have been exercised.  As used herein,
“business day” means a day, other than a Saturday or Sunday, on which banks in
New York City are open for the general transaction of business.

     

    (b)         Conversion
Limitation.  Notwithstanding anything in this Warrant to the
contrary, in no event shall this Warrant be exercisable to the extent that the
issuance of the shares of Common Stock upon the exercise thereof, after taking
into account the shares of Common Stock then owned by the Warrantholder and its
affiliates, would result in the beneficial ownership by the Warrantholder and
its affiliates of more than 4.99% of the outstanding shares of Common Stock of
the Company.  For purposes of the immediately preceding sentence,
beneficial ownership shall be determined in accordance with Section 13(d) of the
Securities Exchange Act of 1934, as amended, and Regulation 13D-G
thereunder.  Notwithstanding anything to the contrary contained
herein, the limitation on exercise of this Warrant may be waived by written
agreement between the Warrantholder and the Company; provided, however, such waiver
may not be effective less than sixty-one (61) days from the date
thereof.

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    (c)         Cashless
Exercise.  Notwithstanding any other provision contained herein
to the contrary, from and after the one year anniversary of the Effective Date,
if the Warrant Shares may not be freely sold to the public due to the failure of
the Company to have effected the registration of the Warrant Shares or to have a
current prospectus available for delivery or otherwise, and if an exemption for
such sale is not otherwise available pursuant to Rule 144 promulgated under the
Securities Act, the Warrantholder may elect to receive, without the payment by
the Warrantholder of the aggregate Warrant Price in respect of the shares of
Common Stock to be acquired, shares of Common Stock of equal value to the value
of this Warrant, or any specified portion hereof, by the surrender of this
Warrant (or such portion of this Warrant being so exercised) together with a Net
Issue Election Notice, duly executed, to the Company.  Thereupon, the
Company shall issue to the Warrantholder such number of fully paid, validly
issued and nonassessable shares of Common Stock as is computed using the
following formula:

     

    X = Y (A -
B)

           A

    

    where

    

      
X =     the number of shares of Common Stock to which
the Warrantholder is entitled upon such cashless exercise;

    

      
Y =     the total number of shares of Common Stock
covered by this Warrant for which the Warrantholder has surrendered purchase
rights at such time for cashless exercise (including both shares to be issued to
the Warrantholder and shares as to which the purchase rights are to be canceled
as payment therefor);

    

      
A =     the “Market Price” (as defined below) of one
share of Common Stock as at the date the net issue election is made;
and

    

      
B =      the Warrant Price in effect under this
Warrant at the time the net issue election is made.

    

    (d)         Condition to
Exercise.  Notwithstanding any other provision contained herein
to the contrary, this Warrant shall not be exercisable until the closing of the
private financing referred to in the Letter of Intent (the “Private Financing”)
resulting in gross proceeds of $25 million or more.  In the event the
Private Financing is not closed on or prior to August 31, 2010, this Warrant
shall be subject to forfeiture at the sole option of the Company.

     

    Section
4.        Compliance with the
Securities Act.  The Company may cause the legend set forth on
the first page of this Warrant to be set forth on each additional warrant issued
to the Warrantholder, and a similar legend on any security issued or issuable
upon exercise of this Warrant, unless counsel for the Company is of the opinion
as to any such security that such legend is unnecessary.

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    Section
5.        Payment of
Taxes.  The Company will pay any documentary stamp taxes
attributable to the initial issuance of Warrant Shares issuable upon the
exercise of the Warrant; provided, however, that the Company shall not be
required to pay any tax or taxes which may be payable in respect of any transfer
involved in the issuance or delivery of any certificates for Warrant Shares in a
name other than that of the Warrantholder in respect of which such shares are
issued, and in such case, the Company shall not be required to issue or deliver
any certificate for Warrant Shares or any Warrant until the person requesting
the same has paid to the Company the amount of such tax or has established to
the Company’s reasonable satisfaction that such tax has been
paid.  The Warrantholder shall be responsible for income taxes due
under federal, state or other law, if any such tax is due.

     

    Section
6.        Mutilated or Missing
Warrants.  In case this Warrant shall be mutilated, lost,
stolen, or destroyed, the Company shall issue in exchange and substitution of
and upon surrender and cancellation of the mutilated Warrant, or in lieu of and
substitution for the Warrant lost, stolen or destroyed, a new Warrant of like
tenor and for the purchase of a like number of Warrant Shares, but only upon
receipt of evidence reasonably satisfactory to the Company of such loss, theft
or destruction of the Warrant, and with respect to a lost, stolen or destroyed
Warrant, reasonable indemnity or bond with respect thereto, if requested by the
Company.

     

    Section
7.        Reservation of Common
Stock.  The Company shall at all times reserve and keep
available out of its authorized but unissued shares of Common Stock, solely for
the purpose of providing for the exercise of this Warrant, such number of shares
of Common Stock as shall from time to time equal the number of shares sufficient
to permit the exercise of this Warrant in accordance with its
terms.  The Company agrees that all Warrant Shares issued upon due
exercise of this Warrant shall be, at the time of delivery of the certificates
for such Warrant Shares, duly authorized, validly issued, fully paid and
non-assessable shares of Common Stock of the Company.

     

    Section
8.       Adjustments.  The
Warrant Price and number of Warrant Shares subject to this Warrant shall be
subject to adjustment from time to time as set forth hereinafter.

     

    (a)         If
the Company shall, at any time or from time to time while this Warrant is
outstanding, pay a dividend or make a distribution on its Common Stock in shares
of Common Stock, subdivide its outstanding shares of Common Stock into a greater
number of shares or combine its outstanding shares of Common Stock into a
smaller number of shares or issue by reclassification of its outstanding shares
of Common Stock any shares of its capital stock (including any such
reclassification in connection with a consolidation or merger in which the
Company is the continuing corporation), then (i) the Warrant Price in effect
immediately prior to the date on which such change shall become effective shall
be adjusted by multiplying such Warrant Price by a fraction, the numerator of
which shall be the number of shares of Common Stock outstanding immediately
prior to such change and the denominator of which shall be the number of shares
of Common Stock outstanding immediately after giving effect to such change and
(ii) the number of Warrant Shares purchasable upon exercise of this Warrant
shall be adjusted by multiplying the number of Warrant Shares purchasable upon
exercise of this Warrant immediately prior to the date on which such change
shall become effective by a fraction, the numerator of which shall be the
Warrant Price in effect immediately prior to the date on which such change shall
become effective and the denominator of which shall be the Warrant Price in
effect immediately after giving effect to such change, calculated in accordance
with clause (i) above.  Such adjustments shall be made successively
whenever any event listed above shall occur.

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    (b)         If
any capital reorganization or reclassification of the capital stock of the
Company, consolidation or merger of the Company with another corporation in
which the Company is not the survivor, or sale, transfer or other disposition of
all or substantially all of the Company’s assets to another corporation shall be
effected, then, as a condition of such reorganization, reclassification,
consolidation, merger, sale, transfer or other disposition, lawful and adequate
provision shall be made whereby the Warrantholder shall thereafter have the
right to purchase and receive upon the basis and upon the terms and conditions
herein specified and in lieu of the Warrant Shares immediately theretofore
issuable upon exercise of this Warrant, such shares of stock, securities or
assets as would have been issuable or payable with respect to or in exchange for
a number of Warrant Shares equal to the number of Warrant Shares immediately
theretofore issuable upon exercise of the Warrant, had such reorganization,
reclassification, consolidation, merger, sale, transfer or other disposition not
taken place, and in any such case appropriate provision shall be made with
respect to the rights and interests of the Warrantholder to the end that the
provisions hereof (including, without limitation, provision for adjustment of
the Warrant Price) shall thereafter be applicable, as nearly equivalent as may
be practicable in relation to any shares of stock, securities or assets
thereafter deliverable upon the exercise hereof.  The Company shall
not effect any such consolidation, merger, sale, transfer or other disposition
unless prior to or simultaneously with the consummation thereof the successor
corporation (if other than the Company) resulting from such consolidation or
merger, or the corporation purchasing or otherwise acquiring such assets or
other appropriate corporation or entity shall assume all obligations under this
Warrant, including the obligation to deliver to the Warrantholder, at the last
address of the Warrantholder appearing on the books of the Company, such shares
of stock, securities or assets as, in accordance with the foregoing provisions,
the Warrantholder may be entitled to purchase.  The provisions of this
paragraph (b) shall similarly apply to successive reorganizations,
reclassifications, consolidations, mergers, sales, transfers or other
dispositions.

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    (c)     
   If the Company shall fix a payment date for the making of a
distribution to all holders of Common Stock (including any such distribution
made in connection with a consolidation or merger in which the Company is the
continuing corporation) of evidences of indebtedness or assets (other than cash
dividends or cash distributions payable out of consolidated earnings or earned
surplus or dividends or distributions referred to in Section 8(a)), or
subscription rights or warrants, the Warrant Price to be in effect after such
payment date shall be determined by multiplying the Warrant Price in effect
immediately prior to such payment date by a fraction, the numerator of which
shall be the total number of shares of Common Stock outstanding multiplied by
the Market Price (as defined below) per share of Common Stock immediately prior
to such payment date, less the fair market value (as determined by the Company’s
Board of Directors in good faith) of said assets or evidences of indebtedness so
distributed, or of such subscription rights or warrants, and the denominator of
which shall be the total number of shares of Common Stock outstanding multiplied
by such Market Price per share of Common Stock immediately prior to such payment
date.  “Market Price” as of a particular date (the “Valuation Date”)
shall mean the following: (a) if the Common Stock is then listed on a national
stock exchange, the closing sale price of one share of Common Stock on such
exchange on the last trading day prior to the Valuation Date; (b) if the Common
Stock is then quoted on the Financial Industry Regulatory Authority, Inc.’s OTC
Bulletin Board (the “Bulletin Board”) or such similar quotation system or
association, the closing sale price of one share of Common Stock on the Bulletin
Board or such other quotation system or association on the last trading day
prior to the Valuation Date or, if no such closing sale price is available, the
average of the high bid and the low ask price quoted thereon on the last trading
day prior to the Valuation Date; or (c) if the Common Stock is not then listed
on a national stock exchange or quoted on the Bulletin Board or such other
quotation system or association, the fair market value of one share of Common
Stock as of the Valuation Date, as determined in good faith by the Board of
Directors of the Company and the Warrantholder.  If the Common Stock
is not then listed on a national securities exchange, the Bulletin Board or such
other quotation system or association, the Board of Directors of the Company
shall respond promptly, in writing, to an inquiry by the Warrantholder prior to
the exercise hereunder as to the fair market value of a share of Common Stock as
determined by the Board of Directors of the Company.  In the event
that the Board of Directors of the Company and the Warrantholder are unable to
agree upon the fair market value in respect of subpart (c) of this paragraph,
the Company and the Warrantholder shall jointly select an appraiser, who is
experienced in such matters.  The decision of such appraiser shall be
final and conclusive, and the cost of such appraiser shall be borne equally by
the Company and the Warrantholder.  Such adjustment shall be made
successively whenever such a payment date is fixed.

     

    (d)         An
adjustment to the Warrant Price shall become effective immediately after the
payment date in the case of each dividend or distribution and immediately after
the effective date of each other event which requires an
adjustment.

     

    (e)         In
the event that, as a result of an adjustment made pursuant to this
Section 8, the Warrantholder shall become entitled to receive any shares of
capital stock of the Company other than shares of Common Stock, the number of
such other shares so receivable upon exercise of this Warrant shall be subject
thereafter to adjustment from time to time in a manner and on terms as nearly
equivalent as practicable to the provisions with respect to the Warrant Shares
contained in this Warrant.

     

    (f)          To
the extent permitted by applicable law and the listing requirements of any stock
market or exchange on which the Common Stock is then listed, the Company from
time to time may decrease the Warrant Price by any amount for any period of time
if such period of time is at least twenty (20) days, the decrease is irrevocable
during such period of time and the Board shall have made a determination that
such decrease would be in the best interests of the Company, which determination
shall be conclusive.  Whenever the Warrant Price is decreased pursuant
to the preceding sentence, the Company shall provide written notice thereof to
the Warrantholder at least five (5) days prior to the date the decreased Warrant
Price takes effect, and such notice shall state the decreased Warrant Price and
the period during which it will be in effect.

     

    Section
9.        Fractional
Interest.  The Company shall not be required to issue fractions
of Warrant Shares upon the exercise of this Warrant.  If any
fractional share of Common Stock would, except for the provisions of the first
sentence of this Section 9, be deliverable upon such exercise, the Company, in
lieu of delivering such fractional share, shall pay to the Warrantholder an
amount in cash equal to the Market Price of such fractional share of Common
Stock on the date of exercise.

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

     

    Section
10.      Benefits.  Nothing
in this Warrant shall be construed to give any person, firm or corporation
(other than the Company and the Warrantholder) any legal or equitable right,
remedy or claim, it being agreed that this Warrant shall be for the sole and
exclusive benefit of the Company and the Warrantholder.

     

    Section
11.      Notices to
Warrantholder.  Upon the happening of any event requiring an
adjustment of the Warrant Price, the Company shall promptly give written notice
thereof to the Warrantholder at the address appearing in the records of the
Company, stating the adjusted Warrant Price and the adjusted number of Warrant
Shares resulting from such event and setting forth in reasonable detail the
method of calculation and the facts upon which such calculation is
based.  Failure to give such notice to the Warrantholder or any defect
therein shall not affect the legality or validity of the subject
adjustment.

     

    Section
12.      Identity of Transfer
Agent.  The Transfer Agent for the Common Stock is Corporate
Stock Transfer, Inc., located at 3200 Cherry Creek Dr. South, Suite 430, Denver,
CO  80209.  Upon the appointment of any subsequent transfer
agent for the Common Stock or other shares of the Company’s capital stock
issuable upon the exercise of the rights of purchase represented by the Warrant,
the Company will mail to the Warrantholder a statement setting forth the name
and address of such transfer agent.

     

    Section
13.      Notices.  Unless
otherwise provided, any notice required or permitted under this Warrant shall be
given in writing and shall be deemed effectively given as hereinafter described
(i) if given by personal delivery, then such notice shall be deemed given upon
such delivery, (ii) if given by telex or facsimile, then such notice shall be
deemed given upon receipt of confirmation of complete transmittal, (iii) if
given by mail, then such notice shall be deemed given upon the earlier of (A)
receipt of such notice by the recipient or (B) three days after such notice is
deposited in first class mail, postage prepaid, and (iv) if given by an
internationally recognized overnight air courier, then such notice shall be
deemed given one business day after delivery to such courier.  All
notices shall be addressed as follows: if to the Warrantholder, at its address
as set forth in the Company’s books and records and, if to the Company, at the
address as follows, or at such other address as the Warrantholder or the Company
may designate by ten days’ advance written notice to the other:

     

    
      
        
          
            
              	 
      	
                      If
      to the Company:

                    
	 
      	 
      
	 
      	
                      Birch
      Branch, Inc.

                    
	 
      	
                      c/o
      Henan Shuncheng Group Coal Coke Co., Ltd.

                    
	 
      	
                      Henan
      Province, Anyang County, Cai Cun Road Intersection

                    
	 
      	
                      Henan
      Shuncheng Group Coal Coke Co., Ltd. (New Building)

                    
	 
      	
                      China
      455141

                    
	 
      	
                      Attn:  Chief
      Executive Officer

                    
	 
      	
                      Fax:  ______________________

                    

            

          

        

      

    

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

     

    
      
        
          
            	 
      	
                    With
      a copy to:

                  
	 
      	 
      
	 
      	
                    Blank
      Rome LLP

                  
	 
      	
                    The
      Chrysler Building

                  
	 
      	
                    405
      Lexington Ave.

                  
	 
      	
                    New
      York, NY 10174

                  
	 
      	
                    Attn:
      Jeffrey A. Rinde, Esq.

                  
	 
      	
                    Fax:
      (212) 885-5001

                  

          

        

      

    

    

    Section
14.      Registration
Rights.

     

    (a)         If
at any time prior to the second anniversary of the Effective Date, the Company
proposes to prepare and file with the Securities and Exchange Commission
(the “SEC”) a registration statement covering equity securities of the
Company, other than in connection with a merger, acquisition or pursuant to a
registration statement on Form S-4 or Form S-8 or any successor form (for
purposes of this Section 14, collectively, a “Piggyback Registration
Statement”), the Company will give written notice of its intention to do so by
registered or certified mail (“Notice”), at least 10 days prior to the filing of
each such Piggyback Registration Statement, to the
Warrantholder.  Upon the written request of the Warrantholder, made
within five (5) days after receipt of the Notice, that the Company include any
of the Registrable Shares (as hereinafter defined) in the Piggyback Registration
Statement, the Company shall include the Registrable Shares which it has been so
requested to register on such Piggyback Registration Statement (“Piggyback
Registration”), at the Company’s sole cost and expense and at no cost or expense
to the Warrantholder (other than any underwriting or other commissions,
discounts or fees of any counsel or advisor to the Warrantholder which shall be
payable by the Warrantholder); provided, however, that if the Piggyback
Registration is in connection with an underwritten public offering and the
Company’s underwriter or managing underwriter of the underwriting group, if any,
for such offering advises the Company that the inclusion of all or a portion of
the Registrable Shares requested to be registered, when added to the securities
being registered by the Company or the selling stockholder(s), if any, will
exceed the maximum amount of the Company’s securities which can be marketed (i)
at a price reasonably related to their then current market value, or (ii)
without otherwise having a material adverse effect on the entire offering, then
the Company may, subject to the allocation priority set forth in the next
paragraph, exclude from such offering all or a portion of the Registrable Shares
which it has been requested to register.  Without limiting the
generality of the foregoing, such underwriter or managing underwriter may
condition its consent to the inclusion of all or a portion of the Registrable
Shares requested to be registered upon the participation by the Warrantholder in
the underwritten public offering on the terms and conditions
thereof.

     

    (b)         If
securities are proposed to be offered for sale pursuant to such Piggyback
Registration Statement by other security holders of the Company and the total
number of the Registrable Shares to be offered by the Warrantholder and such
other selling security holders is required to be reduced pursuant to a request
from the underwriter or managing underwriter (which request shall be made only
for the reasons and in the manner set forth above), the aggregate number of
Registrable Shares to be offered by the Warrantholder pursuant to such Piggyback
Registration Statement shall equal the number which bears the same ratio to the
maximum number of securities that the underwriter or managing underwriter
believes may be included for all the selling security holders (including the
Warrantholder), after all securities requested by selling securityholders
exercising demand registration rights (the “Demand Holders”) to be included in
such Piggyback Registration Statement are so included, as the original number of
securities proposed to be sold by the Warrantholder bear to the total original
number of securities proposed to be offered by the Warrantholder and the other
selling securityholders (other than the Demand Holders).

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

     

    (c)         Notwithstanding
the preceding provisions of this Section 14, the Company shall have the right at
any time after it shall have given written notice pursuant to this
Section 14 (irrespective of whether any written request for inclusion of
such securities shall have already been made) to elect not to file any proposed
Piggyback Registration Statement filed pursuant to this Section 14, or to
withdraw the same after the filing but prior to the effective date
thereof.

     

    (d)         The
obligations of the Company hereunder with respect to the Registrable Shares are
expressly conditioned on the Warrantholder’s furnishing to the Company such
appropriate information concerning the Warrantholder in a timely manner, the
Registrable Shares and the terms of the Warrantholder’s offering of such shares
as the Company may request.

     

    (e)         The
term “Registrable Shares” shall mean each of the Warrant Shares purchasable by
the Warrantholder upon exercise of this Warrant and any securities issued or
issuable with respect to such Warrant Shares, once issued to the Warrantholder,
by way of stock dividend or stock split or in connection with a combination of
shares, recapitalization, merger, consolidation or other reorganization or
otherwise.  Once issued, any such securities shall cease to be
Registrable Shares registerable hereunder upon the earlier of (i) the sale of
such securities pursuant to an effective registration statement under the
Securities Act, (ii) the distribution thereof to the public pursuant to Rule 144
(or any successor provision) under the Securities Act, (iii) a transfer pursuant
to which new certificates for them not bearing a legend restricting further
transfer shall have been delivered by the Company and subsequent disposition of
them shall not require registration or qualification of them under the
Securities Act or any similar state law then in force, (iv) this Warrant or the
Warrant Shares, once issued to the Warrantholder, shall have ceased to be
outstanding, or (v) any and all legends restricting transfer thereof may been
removed in accordance with the provisions of Rule 144(k) (or any successor
provision) under the Securities Act.  Notwithstanding anything herein
to the contrary, the Company shall not be required to include any Registrable
Shares in a registration statement if such Registrable Shares are included in a
Piggyback Registration Statement that is effective under the Securities
Act.

     

    Section
15.      Amendment;
Waiver.  Except as otherwise set forth herein, any term of this
Warrant may be amended or waived only upon the written consent of the Company
and the Warrantholder.

     

    Section
16.      Successors.  All
the covenants and provisions hereof by or for the benefit of the Warrantholder
shall bind and inure to the benefit of its respective successors and assigns
hereunder.

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    Section
17.      Governing Law; Consent to
Jurisdiction; Waiver of Jury Trial.  This Warrant shall be
governed by, and construed in accordance with, the internal laws of the State of
Colorado, without reference to the choice of law provisions
thereof.  The Company and, by accepting this Warrant, the
Warrantholder, each irrevocably submits to the exclusive jurisdiction of the
state or federal courts located in the City of Denver in the State of Colorado
for the purpose of any suit, action, proceeding or judgment relating to or
arising out of this Warrant and the transactions contemplated
hereby.  Service of process in connection with any such suit, action
or proceeding may be served on each party hereto anywhere in the world by the
same methods as are specified for the giving of notices under this
Warrant.  The Company and, by accepting this Warrant, the
Warrantholder, each irrevocably consents to the jurisdiction of any such court
in any such suit, action or proceeding and to the laying of venue in such
court.  The Company and, by accepting this Warrant, the Warrantholder,
each irrevocably waives any objection to the laying of venue of any such suit,
action or proceeding brought in such courts and irrevocably waives any claim
that any such suit, action or proceeding brought in any such court has been
brought in an inconvenient forum. EACH OF THE COMPANY AND, BY ITS
ACCEPTANCE HEREOF, THE WARRANTHOLDER HEREBY WAIVES ANY RIGHT TO REQUEST A TRIAL
BY JURY IN ANY LITIGATION WITH RESPECT TO THIS WARRANT AND REPRESENTS THAT
COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

     

    Section
18.      No Rights as
Stockholder.  Prior to the exercise of this Warrant, the
Warrantholder shall not have or exercise any rights as a stockholder of the
Company by virtue of its ownership of this Warrant.

     

    Section
19.      Amendment;
Waiver.  Any term of this Warrant may be amended or waived upon
the written consent of the Company and the Warrantholder.

     

    Section
20.      Section
Headings.  The section headings in this Warrant are for the
convenience of the Company and the Warrantholder and in no way alter, modify,
amend, limit or restrict the provisions hereof.

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the Company has caused this Warrant to be duly executed, as of
the 28th day of June, 2010.

    

    
      
        
          
            	 
      	
                    BIRCH
      BRANCH, INC.

                  
	 
      	 
      
	 
      	
                    By:

                  	
                    /s/ Wang Feng

                  
	 
      	 
      	
                     
      Name:  Wang Feng

                  
	 
      	 
      	
                     
      Title:  Chief Executive
Officer

                  

          

        

      

    

     

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

    APPENDIX
A

    BIRCH
BRANCH, INC.

    WARRANT
EXERCISE FORM

    

    To: Birch
Branch, Inc.:

    

    The undersigned hereby irrevocably
elects to exercise the right of purchase represented by the within Warrant
(“Warrant”) for, and to purchase thereunder by the payment of the Warrant Price
and surrender of the Warrant, _______________ shares of Common Stock (“Warrant
Shares”) provided for therein, and requests that certificates for the Warrant
Shares be issued as follows:

    
      
        	
                _______________________________

              	 
      
	
                Name

              	 
      
	
                ________________________________

              	 
      
	
                Address

              	 
      
	
                ________________________________

              	 
      
	
                Federal
      Tax ID or Social Security No.

              	 
      

      

    

    

    
      
        	
                and
      delivered by:

              	
                certified
      mail to the above address, or

              
	 
      	
                electronically
      (provide DWAC

              
	 
      	
                Instructions:___________________),
      or

              
	 
      	
                other
      (specify):__________________________________________).

              

      

    

    

    and, if
the number of Warrant Shares shall not be all the Warrant Shares purchasable
upon exercise of the Warrant, that a new Warrant for the balance of the Warrant
Shares purchasable upon exercise of this Warrant be registered in the name of
the undersigned Warrantholder or the undersigned’s assignee as below indicated
and delivered to the address stated below.

    

    
      
        
          
            
              	
                      Dated:
      ___________________, ____

                    	
                         

                    
	 
      	
                      Name

                    	
                         

                    
	
                      Note:  The
      signature must correspond with

                    	
                         

                    
	
                      the
      name of the Warrantholder as written

                    	
                      Signature

                    
	
                      on
      the first page of the Warrant in every

                    	
                      By:

                    	
                         

                    
	
                      particular,
      without alteration or enlargement

                    	
                      Title:

                    	
                         

                    
	
                      or
      any change whatsoever, unless the Warrant

                    	
                         

                    
	
                      has
      been assigned.

                    	
                         

                    
	 
      	
                      Address

                    
	 
      	
                         

                    
	 
      	
                      Federal
      Identification or

                    
	 
      	
                      Social
      Security No.

                    
	 
      	 
      
	 
      	
                      Assignee:

                    
	 
      	
                         

                    
	 
      	
                         

                    
	 
      	
                         

                    

            

          

        

      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    APPENDIX
B

    BIRCH
BRANCH, INC.

    NET ISSUE
ELECTION NOTICE

    

    To: Birch
Branch, Inc.

    Date:[_________________________]

    

    The
undersigned hereby elects under Section 3(c) of this
Warrant to surrender the right to purchase [____________] shares of Common Stock
pursuant to this Warrant and hereby requests the issuance of [_____________]
shares of Common Stock.  The certificate(s) for the shares issuable
upon such net issue election shall be issued as follows:

    

    
      
        
          	
                     

                	 
      
	
                  Name

                	 
      
	
                     

                	 
      
	
                  Address

                	 
      
	
                     

                	 
      
	
                     

                	 
      
	
                  Federal
      Tax ID or Social Security No.

                	 
      

        

      

    

    

    
      
        
          
            
              
                
                  	
                          Dated:
      ___________________, ____

                        	
                             

                        
	 
      	
                          Name

                        	
                             

                        
	
                          Note:  The
      signature must correspond with

                        	
                             

                        
	
                          the
      name of the Warrantholder as written

                        	
                          Signature

                        
	
                          on
      the first page of the Warrant in every

                        	
                          By:

                        	
                             

                        
	
                          particular,
      without alteration or enlargement

                        	
                          Title:

                        	
                             

                        
	
                          or
      any change whatsoever, unless the Warrant

                        	
                             

                        
	
                          has
      been assigned.

                        	
                             

                        
	 
      	
                          Address

                        
	 
      	
                             

                        
	 
      	
                          Federal
      Identification or

                        
	 
      	
                          Social
      Security No.

                        
	 
      	 
      
	 
      	
                          Assignee:Unassociated Document

    
      
         

        Exhibit
10.28

             

        Comprehensive Credit
Line Contract

      

       

      Contract
No.:13108109Z022

       

      The
Parties are:

       

      
        The
Credit Guarantor (Party A): Anyang Branch, Guangdong Development Bank Co.,
Ltd.,

      

       

      Address:
west section Renmin Avenue, Anyang
City,           Postcode:
455000,

       

      Legal
Representative: Shen
Xueqing,             Title:
President

       

      Telephone:
0372-3672778,                              Fax:
0372-5937949;

       

      The
Credit Guarantee (Party B): Henan Shuncheng Group Coal Coke Co.,
Ltd.,

       

      Address:
Tongye town, Anyang
County,                                Postcode:
455141,

       

      Legal
Representative: Wang
Xinshun,            Title:
Chairman of Board,

       

      Business
License No.: 410522110001012

       

      Telephone:
0372-5606593,                              Fax:
0372-5606593;

       

      Opening
Bank: basic account Zhongzhou Branch of China Construction Bank

       

      Account
No.: ;

       

      Common
Account: (1) ___________, Account No.: ______________

       

      Common
Account: (2) ___________, Account No.: ______________

       

      Common
Account: (3) ___________, Account No.: ______________

       

      Signed in
Anyang City

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      On the
basis of free will, equality, mutual benefit and good faith and through
negotiations with the parties, Party A agrees to provide this general credit
limit to Party B.  For the purpose of specifying the rights and
obligations of both parties, the parties hereby enter into this Contract for
mutual compliance.

       

      Part
I   Basic Provisions for Credit

       

      Article
1   Definition

       

      In this
Agreement unless otherwise stipulated in the context, the following terms shall
have the meaning as follows:

       

      
        	
                1.

              	
                "General
      Credit", the credit granted by Party A to Party B includes one or more of
      the following services: loan, issuing bank acceptance draft, discount of
      commercial draft, trade financing, letter of guarantee, capital service
      and other credit service (The trade financing service includes issuing
      international letter of credit, issuing domestic letter of credit, import
      bill advance, delivery against bank guarantee, packing credit, export bill
      advance, buyer bill advance under domestic letter of credit, seller bill
      advance under domestic letter of credit, negotiation of domestic bill of
      credit and other domestic and international trade financing
      services.  The letter of guarantee service includes issuing
      letter of guarantee / standby letter of credit and other international and
      domestic letter of guarantee
service).

              

      

       

      
        	
                2.

              	
                "General
      Credit Limit", the maximum limit of credit balance granted by Party A to
      Party B under this Contract.

              

      

       

      
        	
                3.

              	
                "Exposure
      Maximum Limit", the margin that the maximum limit of credit balance
      granted by Party A to Party B minus the balance of guarantee money under
      this Contract.

              

      

       

      
        	
                4.

              	
                "Limit
      Period", the actual term of the credit under this
  Contract.

              

      

       

      
        	
                Article
      2 

              	
                Amount
      and Type of General Credit Limit

              

      

       

      
        	
                1.

              	
                The
      General Credit Limit under this Contract is stipulated in Article 13
      hereunder.

              

      

       

      
        	
                2.

              	
                The
      detailed types of credit limit, relevant amount and other related
      provisions are stipulated in article 22
  hereunder.

              

      

       

      
        	
                3.

              	
                Party
      A agrees that if the balance of used limit of Party B does not exceed the
      maximum limit, Party B may use the limit without going through the
      security procedures case by case.

              

      

       

      
        	
                4.

              	
                The
      General Credit Limit granted by Party A does not constitute any obligation
      of Party A to provide the full credit limit.  The actual issued
      amount is subject to the record in the "loan note" or other certificate of
      indebtedness.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                Article
      3 

              	
                Period
      of General Credit Limit

              

      

       

      
        	
                1.

              	
                The
      period of General Credit Limit under this Contract is stipulated in
      Article 14 hereunder.

              

      

       

      
        	
                2.

              	
                The
      credit within the credit limit and the period of the limit does not need
      to be paid off before the expiration date of the credit
      limit.  The actual starting date and repayment date for each
      credit are subject to the record in the loan note or other certificate of
      indebtedness.

              

      

       

      
        	
                Article
      4 

              	
                Conditions
      for Using the Limit

              

      

       

      Subject
to the satisfaction of all the following conditions by Party B, Party B may
apply to use the credit limit:

       

      
        	
                1.

              	
                The
      balance is still available;

              

      

       

      
        	
                2.

              	
                The
      purpose and period comply with relevant provisions in this
      Contract;

              

      

       

      
        	
                3.

              	
                Application
      documents, materials and notes has been provided and meet the requirements
      according to the management rules for relevant services of Party
      A;

              

      

       

      
        	
                4.

              	
                Party
      B has performed all of its obligations under this
  Contract;

              

      

       

      
        	
                5.

              	
                Other
      conditions required by Party A;

              

      

       

      
        	
                Article
      5 

              	
                Interest
      Rate

              

      

       

      
        	
                1.

              	
                The
      interest rate for the credit loan under this Contract is stipulated in
      Article 15 hereunder.

              

      

       

      
        	
                2.

              	
                If
      the interest rate in Article 15 is different with the agreed interest rate
      for each specific type of credit, the agreed interest rate for each
      specific type of credit shall
prevail.

              

      

       

      
        	
                Article
      6 

              	
                Other
      Rates

              

      

       

      The
expenses for bank acceptance draft, bank letter of guarantee, international
trade financing which shall be charged by Party A, the bill discount rate, and
the interest rate and exchange rate for loan and bill advance service in import
and export shall be agreed by the parties with actual business.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Part
II   Guarantee Provisions

       

      
        	
                Article
      7 

              	
                Guarantee

              

      

       

      
        	
                1.

              	
                The
      guarantor provides guarantee for the performance of the debt by Party B
      provided in this Contract to ensure Party A’s realization of its
      creditor’s right.  The details for the guarantee are stipulated
      in Article 16 hereunder.

              

      

       

      
        	
                2.

              	
                If
      there is any change or to be any change to the guarantee under this
      Contract that are deemed by Party A as a disadvantage for its creditor’s
      right, Party A is entitled to require the guarantor to stop its
      actions.  If the value of guaranteed asset reduces, subject to a
      notice given by Party A, the guarantor must resume the value or make up
      the difference by providing a new guarantee.  If the guarantor
      does not resume the guarantee nor provide a new guarantee, Party A is
      entitled to request Party B to repay the debt in
  advance.

              

      

       

      Part
III   Representations, Warranties, and Authorization of Party B
Provisions

             

      Article
8

       

      
        	
                1.

              	
                Party
      B represents as follows:

              

      

       

      
        	
              	
                (1)

              	
                Party
      B is duly registered and legally existing, it has the fully civil capacity
      for rights and actions to enter into and perform this
      Contract;

              

      

       

      
        	
              	
                (2)

              	
                The
      execution and performance of this Contract is based on the true will of
      Party B, it has duly obtained legal and valid authorization according to
      its articles of association and other internal management
      documents.  The execution and performance of this Contract will
      not contravene any binding agreement, contract and other legal documents
      to Party B.  Party B has already obtained or will obtain all
      relevant approval, license, record, and registration required to enter
      into and perform this Contract;

              

      

       

      
        	
              	
                (3)

              	
                All
      the documents, financial statements, vouchers and other materials are
      true, complete, accurate and valid;

              

      

       

      
        	
              	
                (4)

              	
                The
      background of the transactions for which Party B applies to Party A for
      relevant services are true, legal and are not used for money laundering or
      other illegal purpose.

              

      

       

      
        	
              	
                (5)

              	
                Party
      B does not keep back from Party A with any events which may affect the
      financial status and performance capability of Party A and the
      guarantor.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                2.

              	
                Party
      B warrants as follows:

              

      

       

      
        	
                
                

              	
                (1)

              	
                It
      will report to Party A its financial statement (including, but not limited
      to annual reports, quarterly reports, and monthly reports) and other
      relevant materials, periodically and timely as required by Party
      A.

              

      

       

      
        	
              	
                (2)

              	
                It
      will provide all documents and materials related to the loan to Party A,
      actively cooperate and assist Party A with checking, investigating and
      supervising the execution of this Contract, use of credit capital and all
      operational and capital financing activities of Party B, and provide Party
      A with the true situation.  Party B undertakes that it will
      cooperate with Party A on the loan management work based on the loan
      management measures issued by China Bank Regulatory Commission (and other
      statutory finance regulatory organization), and it will provide the
      Creditor with the true situation of the payment and moving of the
      loan.

              

      

       

      
        	
              	
                (3)

              	
                If
      Party B has entered into or will enter into any counter-guarantee
      agreement or similar agreements with the guarantor of this Contract
      regarding the guarantee obligation, such agreement will not damage any
      right of Party A under this
Contract.

              

      

       

      
        	
              	
                (4)

              	
                Party
      B shall obtain the prior consent of Party A if any situation that may
      affect the financial status and performance capability of Party B and the
      guarantor occurs, including, but not limited to spin-off, merger
      (acquisition), joint corporation, joint venture, cooperation, contracting,
      restructuring, reform, pre IPO in any manner, or changing the mode of
      business operation, reducing registered capital, major asset or equity
      transfer, accepting big loan, equity or debt financing directly through
      direct financing market, or establishing new material debt on the mortgage
      property.

              

      

       

      
        	
              	
                (5)

              	
                Party
      B shall promptly inform Party A in writing if any situation that may
      affect the financial status and performance capability of Party B and the
      guarantor comes out, including, but not limited to the seizure of the
      guarantee, close down, stopping business, dissolution, revocation,
      bankruptcy (applied by Party B or others), getting involved in major
      litigation or arbitration, or the person in charge is suspected of being
      involved in illegal acts and crimes, or the difficulty in operation and
      the badness of financing status, or any event of default of Party B in
      other contracts;

              

      

       

      
        	
              	
                (6)

              	
                Party
      B ensures that the its operation and relevant activities comply with
      relevant regulations, including but not limited to industry policy,
      financial and tax policy, market access, environmental protection
      assessment, saving energy and reducing emissions, energy use and pollution
      control, resource utilization, land and city layout, labor
      safety.  If Party B contravenes the regulations or the risk
      comes out, Party B agrees that Party A is entitled to take measures
      including but not limited to stopping issuing new loan, collecting loan in
      advance, depositing mortgaged or pledged assets, or requesting Party B to
      increase the responsible insurance related to energy use or
      pollution.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
              	
                (7)

              	
                The
      repayment by Party B to Party A has priority over the loans provided by
      the shareholders of Party B, and has no less priority than similar debts
      owed to other creditor.

              

      

       

      
        	
              	
                (8)

              	
                If
      the net profit after tax in relevant fiscal year is zero or below, or the
      profit after tax is not enough to make up the accumulated losses in the
      previous fiscal years, or the benefit before tax is not used to repay the
      payable principal, interest and expenses of Party B in a certain fiscal
      year, or the benefit before tax is not enough to pay the payable
      principal, interest and expenses in the following period, Party B shall
      not distribute any bonus or dividends to its
  shareholders;

              

      

       

      
        	
              	
                (9)

              	
                Party
      B will not dispose its asset by reducing its repayment capacity, and Party
      B undertakes that the total amount and each single amount of its external
      guarantee will not exceed the limit as prescribed in the its articles of
      association.

              

      

       

      
        	
              	
                (10)

              	
                Party
      B warrants to repay the principal and interest on time, bear all the
      expenses related to the execution, performance and dispute resolution
      under this Contract, including but not limited to notarial fees,
      evaluation fees, attorney fees, and the litigation fee, enforcement fee,
      and attorney agency fees for Party A to get the debt
  paid.

              

      

       

      
        	
                3.

              	
                Authorization
      of Party B

              

      

       

      
        	
              	
                (1)

              	
                Party
      B authorizes Party A to submit the credit information of Party B in the
      loan period to the Credit Reference Centre of the People's Bank of China
      (or other statutory finance regulatory organization) and inquire the
      credit information at any time with such organization and use the credit
      information of Party B.

              

      

       

      
        	
              	
                (2)

              	
                For
      the payable principal, interest, default interest, compound interest,
      penalty and all other incidental expenses under this Contract, Party B
      authorizes Party A to transfer and deduct such money from any bank account
      of Party B opened with Party A and other affiliates of Party A without
      prior consent of Party B.  In case the currency of the account
      is different with the currency used in certain credit services under this
      Contract while Party A directly transfer and deduct the money according to
      this Contract, if the currency used in certain credit service is foreign
      currency, such amount shall be converted and calculated according to the
      currency selling rate published by Party A on that date; if the currency
      used in certain credit service is Renminbi, such amount shall be converted
      and calculated according to the currency buying rate displayed by Party A
      on that date.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Part
IV   Default Responsibility Provisions

       

      
        	
                Article
      9 

              	
                Default
      and Disposal

              

      

       

      
        	
                1.

              	
                Anticipatory
      breach and disposal

              

      

       

      If Party
A has reliable evidence to prove that Party B has one of the following
situations before issuing the credit under this Contract, Party A can suspend
performing its obligations:

       

      
        	
              	
                (1)

              	
                The
      condition of business of Party B is seriously
  worsen;

              

      

       

      
        	
              	
                (2)

              	
                Party
      B transfer its asset or withdraw its capital in order to evade
      debt;

              

      

       

      
        	
              	
                (3)

              	
                Party
      B loses its business reputation;

              

      

       

      
        	
              	
                (4)

              	
                Other
      situations that Party B loses or may lose its capacity to fulfill its
      obligation on the debt.

              

      

       

      If Party
B fails to resume its performance capacity and fails provide proper guarantee
accepted by Party A within 30 days after Party A suspend its performance, Party
A is entitled to terminate this Contract.

       

      
        	
                2.

              	
                Event
      of default and disposal

              

      

       

      
        	
              	
                (1)

              	
                Any
      of following conditions constitutes or is deemed as an event of default of
      Party B under this Contract:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Party
      B does not fulfill the debt payment and repayment obligations agreed in
      this Contract to Party A;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Party
      B uses the principal not for the agreed purpose in this
      Contract;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                Any
      representation of Party B in this Contract is fraudulent, or Party B
      contravenes its undertaking in this
Contract;

              

      

       

      
        	
                 
      

              	
                (d)

              	
                The
      occurrence of the situation provided in Article 8, section 2 herein which
      may affect the financial status and performance capability of Party A and
      the guarantor as deemed by Party A, and Party B fails to provide new
      guarantee or change the guarantor;

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          
 

      

      
        	
                 
      

              	
                (e)

              	
                Party
      B contravenes other provisions related to the rights and obligations of
      the parties in this Contract;

              

      

       

      
        	
                 
      

              	
                (f)

              	
                Any
      event of default under other contracts between Party B and Party A or any
      other affiliates of Guangdong Development Bank Co., Ltd.
      occurs;

              

      

       

      
        	
                 
      

              	
                (g)

              	
                The
      guarantor contravenes the provisions under guarantee contract, or any
      event of default under other contracts with Party A or any other
      affiliates of Guangdong Development Bank Co., Ltd.
  occurs;

              

      

       

      
        	
                 
      

              	
                (h)

              	
                Party
      B close down its business, or any dissolution, revocation, or bankruptcy
      of Party B.

              

      

       

      
        	
              	
                (2)

              	
                If
      any event of default provided in the above section occurs, Party B is
      entitled to take the following measures, separately or together as the
      case may be:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Request
      Party B or the guarantor to correct their default actions within a
      definite time limit;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Partly
      or fully reduce, suspend, or stop the credit limit of Party
    B;

              

      

       

      
        	
                 
      

              	
                (c)

              	
                Partly
      or fully suspend, or stop accepting the disbursement application of Party
      B under this Contract or other contracts between Party A and Party B,
      partly of fully suspend or stop issuing the un-issued loans or conducting
      the unfinished trade financing;

              

      

       

      
        	
                 
      

              	
                (d)

              	
                Declare
      part or full of the outstanding principal, interest and other amount of
      the loan / trade financing amount under this Contract and other contracts
      between Party A and Party B becoming due and payable
      immediately.

              

      

       

      
        	
                 
      

              	
                (e)

              	
                Terminate
      or cancel this Contract, partly or fully terminate or cancel other
      contracts between Party A and Party
B;

              

      

       

      
        	
                 
      

              	
                (f)

              	
                Request
      Party B to compensate all the damages imposed to Party A caused by the
      default of Party B;

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (g)

              	
                Only
      with prior or afterwards notice, transfer and deduct the money in the
      accounts of Party B opened with Party A and other affiliates of Guangdong
      Development Bank Co., Ltd. to repay part or the entire debt owed by Party
      B to Party A under this Contract.  The undue amount in such
      accounts will be deemed to be due in advance.  In case the
      currency in such accounts is different with the currency used in certain
      credit services under this Contract, if the currency used in certain
      credit service is foreign currency, such amount shall be converted and
      calculated according to the currency selling rate published by Party A on
      the date Party A transferring the money; if the currency used in certain
      credit service is RMB, such amount shall be converted and calculated
      according to the currency buying rate published by Party A on the date
      Party A transferring the money.

              

      

       

      
        	
                 
      

              	
                (h)

              	
                Execute
      the security interest;

              

      

       

      
        	
                 
      

              	
                (i)

              	
                Request
      the guarantor to assume the guarantee
liability;

              

      

       

      
        	
                 
      

              	
                (j)

              	
                Adopt
      a stricter management measure or method; list the affiliated parties of
      Party B as key supervising targets; list Party B in the blacklist and
      submit it to regulatory authorities and credit reference
      authorities;

              

      

       

      
        	
                 
      

              	
                (k)

              	
                Other
      measures that Party A deems necessary and
  possible;

              

      

       

      
        	
                3.

              	
                If
      the national credit loan policy changes after the execution of this
      Contract which makes Party A fail to perform this Contract, such failure
      will not be deemed as a default of Party
A.

              

      

       

      Part
V   Other Agreed Provisions

       

      
        	
                Article
      10 

              	
                Effectiveness,
      Amendment, Cancellation and Termination of this
  Contract

              

      

       

      
        	
                1.

              	
                This
      contract comes into effect on the date it is duly signed and stamped by
      the parties (on the completion date of registration of mortgage / pledge
      if necessary), and expires on the date all the principal, interest,
      compound interest, default interest, and other incidental expenses under
      this Contract are fully repaid.

              

      

       

      
        	
                2.

              	
                If
      Party B requires extending the period of loan, Party B shall submit a
      written application to Party A within 20 days before the expiration date
      of the loan under this Contract.  Subject to the approval of
      Party A (in the case of guarantor, the written consent of guarantor for
      providing guarantee shall be obtained; property registration of mortgage /
      pledge shall be completed if necessary), and after the parties enter into
      an extending agreement, the period of loan under this Contract will be
      duly extended; this loan agreement shall be performed continuously before
      the parties enter into such extending
agreement.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                3.

              	
                If
      any provision or any part of a provision of this Contract is confirmed to
      be invalid, such provision or such part of the provision shall not affect
      the validity of this Contract, the remaining provisions of this Contract
      or the remaining part of such
provision.

              

      

       

      
        	
                4.

              	
                After
      the contract comes into effect, unless otherwise stipulated in this
      Contract, this Contract shall not be amended or terminated in advance by
      any of the parties.  If this Contract shall be amended or
      terminated, the parties shall reach consensus through consultation and
      enter into a written agreement.  This contract shall remain in
      force before such written agreement is entered
  into.

              

      

       

      
        	
                Article
      11 

              	
                Notarization

              

      

       

      If any of
the parties requires for notarization, this Contract shall be notarized by
notary public office approved by relevant authorities of the country, the
expenses for notarization shall be assumed by Party B.

       

      Party A
and Party B agree and confirm that if this Contract is notarized by notary
public office as an enforceable document of creditor’s right, and if party B
fails to repay on time the principal, interest, and other expenses owed to Party
A under this Contract, or Party B violets its obligations under this Contract,
Party A is entitled to apply to court of jurisdiction to enforce this Contract,
Party B agrees to accept the enforcement unconditionally and duly waive its
right of defense.

       

      
        	
                Article
      12 

              	
                Special
      Reminder by Party A

              

      

       

      Party A
has duly reminded Party B the provisions exempting and limiting of liability of
Party A, and has fully explained relevant provisions as required by Party B,
both Party A and Party B has the same understanding on all the articles of this
Contract.

       

      Part
VI   Specific Filled Provisions

       

      
        	
                Article
      13 

              	
                Credit
      Limit

              

      

       

      
        	
                1.

              	
                Party
      A will provide the credit limit to Party B according to the SECOND method
      as follows:

              

      

       

      
        	
              	
                (1)

              	
                The
      maximum limit of the credit limit (including guarantee money) is / (in capital)
      in /   currency.

              

      

       

      
        	
              	
                (2)

              	
                The
      exposure maximum limit of the credit limit (excluding guarantee money) is
      Sixty Million
      Only (in capital) in RMB.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                2.

              	
                Party
      B can use other currencies in specific services.  If Party B
      uses other currency, it shall be converted and calculated into the
      currency provided in this Contract based on the mean price published by
      Party A on that date.

              

      

       

      
        	
                3.

              	
                Within
      the period of the General Credit Limit, Party A agrees to take the FIRST
      method as follows to the General Credit Limit that has been repaid by
      Party B.  The unused General Credit Limit will be cancelled
      automatically after the expiration of the using
  period.

              

      

       

      
        	
              	
                (1)

              	
                It
      can be used circularly.  Within the agreed General Credit Limit,
      Party A will renew relevant limit for Party B for the General Credit Limit
      that has been repaid by Party B during such period of General Credit
      Limit, Party B can use the limit again during the period of General Credit
      Limit.

              

      

       

      
        	
              	
                (2)

              	
                It
      cannot be used circularly.  Within the agreed General Credit
      Limit, Party A will not renew relevant limit for Party B for the General
      Credit Limit that has been repaid by Party B during such period of General
      Credit Limit, Party B cannot use the limit again during the period of
      General Credit Limit.

              

      

       

      
        	
                Article
      14 

              	
                Period
      of Credit Limit

              

      

       

      The term
for this General Credit Limit is / years and / months, commencing
on /, to / .

       

      
        	
                Article
      15 

              	
                Interest
      Rate and Calculation Method for
Loan

              

      

       

      
        	
                1.

              	
                Interest
      rate for loan.

              

      

       

      RMB
loan

       

      
        	
              	
                (1)

              	
                Through
      negotiations, Party A and Party B chose the FIRST interest rate for loan
      as follows:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Fixed
      interest rate.  The interest rate shall be the benchmark lending
      rate issued by People's Bank of China for relevant amount of loan on the
      actual disbursing date □plus / □minus /
      %.  The interest rate in the period of contract will not
      change.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Floating
      interest rate.  The interest rate for first period shall be the
      benchmark lending rate issued by People's Bank of China for relevant
      amount of loan on the actual disbursing date □plus / □minus / %. The
      floating method is as follows /
    :

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                A.

              	
                If
      the official interest rate is adjusted during the period of loan, the
      interest rate of RMB loan under this Contract shall be adjusted according
      to the benchmark lending rate issued by People's Bank of China for same
      period and similar amount and based on the floating method agreed in the
      interest rate for the first period on that date / the
      following months / the following quarter / the
      following year, as the applicable rate for the next floating
      period.

              

      

       

      
        	
                 
      

              	
                B.

              	
                The
      interest rate shall be adjusted every / month(s)
      from the value date of the loan.  The adjusting date shall be
      the corresponding date of the value date in the adjusting
      month.  If no corresponding date is applied in such month, the
      last date of that month shall be the adjusting date.  After the
      expiration of each floating period, the new interest rate shall be the
      benchmark lending rate issued by People's Bank of China for same period
      and similar amount / (floating
      scope).  The actual adjusted interest rate shall be informed by
      Party A to Party B as the applicable interest rate of the following
      floating period.

              

      

       

      
        	
                 
      

              	
                C.

              	
                Other
      :
  ______________________/___________________________

              

      

      ____________________________________________________________________________________________________________________________________________________________________

      
        ____________________________________________________________________________________________________________________________________________________________________

      

      _________________________________________________

       

      
        	
              	
                (2)

              	
                Calculation
      of interest rate.

              

      

       

      The
interest rate shall be calculated from the value date on the basis of actual
loan amount and actual days lapsed.

       

      The
formula of the interest calculation is: interest = principal × actual days
lapsed × daily interest rate.

       

      The
conversion formula is: daily interest rate = annual interest rate / basic
days.  The basic days shall be 360 days a year.

       

      
        □Foreign
Loan

      

       

      Through
negotiations, Party A and Party B chose the FIRST interest rate for loan as
follows:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (a) Fixed
interest rate: the agreed annual interest is
/   %, and shall remain the same within the validity
period hereof.

       

      (b) Fixed
interest rate: the agreed annual interest is the market benchmark interest
applicable for one month from the value date □Plus  / % □Minus  / %. The
agreed annual interest shall remain the same within the validity period
hereof.

       

      (c)
Floating interest rate: the agreed annual interest is the market benchmark
interest applicable for one month from the value date □Plus /   %
□Minus
/   %; however, the agreed annual interest shall be
adjusted per   /
months; Party A shall inform the new interest rate to Party B in a
written form.

       

      The
Interest Adjustment Date shall be the corresponding date in the current month to
the date on which the interest rate is initially determined. In case there is no
corresponding date in the current month, then the last date of the current month
shall be considered as the Interest Adjustment Date.

       

      The
Market Benchmark Interest Rate shall be the rate (Libor or Hibor) published by
Reuters on the value date hereof or the Interest Adjustment Date.

       

      (2)
Calculation of interest

       

      The
interest rate shall be calculated from the value date on the basis of actual
loan amount and actual days lapsed.  Floating interest loan is
calculated by separate periods in floating period of the loan
period.

       

      The
formula of the interest calculation is: interest = principal × actual days
lapsed × daily interest rate.

       

      The
conversion formula is: daily interest rate = annual interest rate / basic
days.  Calculation of basic number of days replies upon international
common practice.

       

      
        	
                2.

              	
                Interest
      Settlement Method

              

      

       

      
        	
              	
                (1)

              	
                Party
      B shall pay the interest with the SECOND method as
  follows:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Pay
      the principal and all interest in a lump sum on the expiration
      date;

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Pay
      the interest by month, the 20th
      day of each month is the interest settlement date, and the 21st
      day of each month is the interest payment
date.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (c)

              	
                Pay
      the interest by quarter, the 20th
      day of the last month of each quarter is the interest settlement date, and
      the 21st
      day of the last month of each quarter is the interest payment
      date.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                Others
      _______________________/________________________

              

      

       

      
        	
              	
                (2)

              	
                If
      the last repayment date for principal is not the interest payment date,
      such last repayment date shall be the interest payment date, and Party B
      shall pay off all the payable interest.  If the loan expires,
      all the principal and interest shall be paid off together.  In
      case the expiration date is official holiday or sabbatical day, if the
      loan is repaid on the last business day before the official holiday or
      sabbatical day, the interest rate shall be paid based on the interest rate
      provided in the contract, but the corresponding interest for the days
      between the payment date and expiration date shall be deducted on the
      basis of the interest rate provided in the contract; if the loan is repaid
      on the following business day after the official holiday or sabbatical
      day, the corresponding interest for the days between the payment date and
      expiration date shall be added on the basis of the interest rate provided
      in the contract; if the loan is not repaid on the following business day
      after the official holiday or sabbatical day, the interest for overdue
      loan shall be calculated and collected from that
  day.

              

      

       

      
        	
                3.

              	
                Default
      interest and compound interest

              

      

       

      
        	
              	
                (1)

              	
                If
      Party B does not repay the loan according to agreed period, Party A may
      calculate and collect the interest from the expiration date to the date
      that the principal and interest are paid off, on the basis of the default
      interest rate for overdue loan.  The default interest rate for
      overdue loan is the interest rate for loan as provided in section 1 of
      this Article 15 plus 50%.

              

      

       

      
        	
              	
                (2)

              	
                If
      Party B does not use the loan for the agreed purpose, for the
      appropriation part, Party A may calculate and collect the interest from
      the appropriation date to the date that the principal and interest are
      paid off, on the basis of the default interest rate for
      appropriation.

              

      

       

      The
default interest rate for appropriation is the interest rate as provided in
section 1of this Article 15 plus 100%.

       

      
        	
              	
                (3)

              	
                For
      overdue and appropriated loan, the interest rate is equal to the default
      interest rate for appropriation.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
              	
                (4)

              	
                For
      the interest that Party B fails to pay on time, with the interest
      settlement method provided in section 2 of this Article 15, the interest
      rate for compound interest during the period of loan shall be the interest
      provided in section 1 of this article; the interest rate for compound
      interest for the overdue period shall be the default interest rate
      provided in this section.

              

      

       

      
        	
              	
                (5)

              	
                In
      case of the interest rate adjustment provided in the contact, the default
      interest and compound interest shall be calculated and collected from the
      adjustment day based on each
period.

              

      

       

      
        	
                4.

              	
                Others

              

      

       

      During
the term of this Contract, if the government controls or intervenes in the
interest rate for loan, the method to determine the benchmark interest rate, the
method to calculate or settle the interest, and etc., and as a result the
interest rate or settlement method must be adjusted, Party A may amend the
provisions of this Contract according to the latest regulations of the
government without the prior consent of Party B.

       

      
        	
                Article
      16 

              	
                Guarantee
      Methods and Guarantee Contract

              

      

       

      The
guarantee provided for the loan under this Contract is: the maximum amount
guarantee / guarantee for certain service / other guarantee.  The
guarantors assume the guarantee liability under this Contract and the guarantee
contracts.

       

      
        □Under
maximum amount guarantee, Party A and the guarantees enter into the following
maximum amount guarantee contracts:

      

       

      
        	
                1.

              	
                The
      guarantor Anyang Chengchen Coking Co., Ltd. and Party A entered into a
      Maximum Amount Guarantee Contract on July 6, 2009, with the reference No.
      13108109Z022-01.

              

      

       

      
        	
                2.

              	
                The
      guarantor Hunan Anyang Hubo Cement Co., Ltd. and Party A entered into a
      Maximum Amount Guarantee Contract on July 6, 2009, with the reference No.
      13108109Z022-02.

              

      

       

      
        	
                3.

              	
                The
      guarantor Henan Shuncheng Group Coal Coke Co., Ltd. and Party A entered
      into a Maximum Amount Mortgage Contract on July 6, 2009, with the
      reference No. 13108109Z022-03.

              

      

       

      
        	
                4.

              	
                The
      guarantor Wang Xinming and Party A entered into a Maximum Guarantee
      Contract on July 6, 2009, with the reference No.
      13108109Z022-04.

              

      

       

      
        	
                5.

              	
                The
      guarantor Wang Xinshun and Party A entered into a Maximum Amount Guarantee
      Contract on July 6, 2009, with the reference No.
      13108109Z022-05.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                6.

              	
                The
      guarantor Cheng Junsheng and Party A entered into a Maximum Guarantee
      Contract on July 6, 2009, with the reference No.
      13108109Z022-06.

              

      

       

      
        □Guarantee
for certain service

      

       

      
        	
                1.

              	
                Party
      B provides guarantee money for the bank acceptance draft limit as provided
      in Article 22 in this Contract.  The guarantee money shall be
      paid by the SECOND method as
follows:

              

      

       

      
        	
              	
                (1)

              	
                Party
      B authorizes Party A to transfer the proportion of guarantee money from
      any bank account of Party B as performance bond on letter of credit (RMB
      or equivalent foreign currency) as agreed in the provisions of specific
      types of credit, such guarantee money shall be deposited into a guarantee
      money account, the information of guarantee money account
    is:

              

      

       

      Opening
Bank:                                       /                                      

       

      Account
Name:                                      /                                      

       

      Account
No:                                          /                                      

       

      
        	
              	
                (2)

              	
                Party
      B shall deposit the guarantee money into its guarantee money account
      opened with Party A as agreed in the provisions of specific types of
      credit, the information of guarantee money account
  is:

              

      

       

      Opening
Bank: Anyang Branch of Guangdong Development Bank Co., Ltd.,

       

      Account
Name: Henan Shuncheng Group Coal Coke Co., Ltd.

       

      Account
No:      

       

      
        	
                2.

              	
                Party
      B provides export tax refund pledge for the     /   
      as provided in article 22 in this Contract.  The special account
      of Party B for export tax refund must be opened in Party A and Party B
      undertakes that such account is the sole account specially opened for RMB
      export tax refund confirmed and stamped by the local tax authority of the
      exporting enterprise, with the bank account     /   .  Party
      B agrees that Party A is entrusted to manage such account from the
      disbursement date of loan to the day when the loan is paid
      off.  Party B undertakes that the tax refund is a guarantee for
      the repayment of the loan.  Party B warrants the export tax
      refund special account will not be changed before all the loans under this
      Contract are fully repaid.  Party B shall not transfer the money
      in such account without the consent of Party A.  Party A has
      priority to get paid from the tax refund in the pledged
      account.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                3.

              	
                The
      guarantor      /      
      and Party A entered into a/an      /    
      (name of guarantee contract) on    /   ,
        /   ,
      with the reference No.    /   ,
      providing guarantee for    /    
      (type of specific credit) as provided in article 22 in this
      Contract.

              

      

       

      
        	
                4.

              	
                The
      guarantor      /      
      and Party A entered into a/an      /    
      (name of guarantee contract) on    /   ,
        /   ,
      with the reference No.    /   ,
      providing guarantee for    /    
      (type of specific credit) as provided in article 22 in this
      Contract.

              

      

       

      
        	
                5.

              	
                The
      guarantor      /      
      and Party A entered into a/an      /    
      (name of guarantee contract) on    /   ,
        /   ,
      with the reference No.    /   ,
      providing guarantee for    /    
      (type of specific credit) as provided in article 22 in this
      Contract.

              

      

      
         

        □
(Other guarantee method)                                       /                                      

             

      

      Article
17      □Renewal of Credit Limit (this article is
optional, write √ in □ if it is applicable, write × in □ if it is not
applicable)

         

      
        	
                1.

              	
                The
      "Renewal of Credit Limit" means, no matter whether the original credit
      contract is different with this Contract on interest rate and other
      respects or not, the unsettled credit exposure of Party A under the General Credit Limit
      Contract with the contract No. 13108108Z038
      (the original credit contract) will take the same limit of the credit
      limit exposure under this Contract and will be guaranteed by the guarantee
      contract under this Contract and it will not cause any waiving or reducing
      the right under original contract.  Party A will only issue the
      credit based on the remained limit after deducting the used limit under
      original contract.

              

      

       

      
        	
                2.

              	
                Party
      A is entitled to decide whether to renew the credit limit and the amount
      and period for credit limit renewal under this
  Contract.

              

      

       

      
        Article 18    
□
Disclosure of the Internal Affiliated Transaction of the Group of Party B (this
article is optional, write √ in □ if it is applicable, write × in □ if it is not
applicable)

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Party B
is a group client belongs to Party A according to Credit Service Risk Guidelines
for Group Client of Commercial Bank.  Party B shall promptly report
Party A with any affiliated transaction over 10% of its net asset, including the
affiliate relationship of the parties, transaction project, the natural of
transaction, amount of transaction or relevant proportion, and the pricing
policy (including the transactions that are not involved with any amount or with
a token amount only).

       

      If any of
the following situations occurs with Party B, Party A is entitled to decide by
its own to stop paying the unused loan of Party B and collect part or all
principal and interests in advance: discount for cash or pledge receivable note,
receivable payment or other creditor's rights without true transaction
background to bank, in order to obtain the capital or credit of bank; major
merger, acquisition, restructuring which may affect the safety of the loan as
deemed by Party A; conduct affiliate transaction to evade the creditor's right
of bank; other situations provided in article 18 of the Guidelines.

       

      
        	
                Article
      19 

              	
                Applicable
      Law and Dispute Resolution

              

      

       

      
        	
                1.

              	
                This
      Contract shall be governed by the laws of People’s Republic of
      China.

              

      

       

      
        	
                2.

              	
                Any
      dispute arising from the performance of this Contract shall first be
      settled through negotiations.  If the parties cannot reach a
      settlement through negotiations, the FIRST method of the following shall
      be used to solve the dispute:

              

      

       

      
        	
              	
                (1)

              	
                submits
      the dispute or applies enforcement to local court where Party A
      domiciles;

              

      

       

      
        	
              	
                (2)

              	
                Submit
      the dispute or apply enforcement to court of
  jurisdiction;

              

      

       

      
        	
              	
                (3)

              	
                Arbitration.  Submitting
      the dispute to China International Economic and Trade Arbitration
      Commission and settle in accordance with financial dispute arbitration
      rule.

              

      

       

      
        	
              	
                (4)

              	
                Other:                                      /                                      .

              

      

       

      In the
course of dispute resolution, if the dispute does not affect the performance of
remained articles in this Contract, the remained articles shall be performed
continuously.

       

      Article
20     Supplementary Articles

       

      
        	
                 
      

              	
                1.

              	
                The
      following annexes and other annexes as confirmed by both parties
      constitute an integral part of this Contract and have the same legal
      effect with this Contract:

              

      

       

      
        	
                 
      

              	
                (1)

              	
                Disbursement
      Application (form);

              

      

       

      
        	
                 
      

              	
                (2)

              	
                Loan
      note or other certificate of
indebtedness;

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (3)

              	
                Guarantee
      contract, notice of repayment;

              

      

       

      
        	
                 
      

              	
                (4)

              	
                                                     /                                      .

              

      

       

      
        	
                 
      

              	
                2.

              	
                Party
      B confirms that the address below shall be used by Party A to send
      notices, letters and other materials to Party
B:

              

      

       

      Address:
Tongye Town, Anyang County; Post code: 455131

       

      Attention:
Wang Xinshun;

       

      Telephone:
0372-5606593

       

      If such
address changes after the confirmation by Party B, Party B shall inform in
written form such change to Party A within 5 days after the change; otherwise
Party A will send the notices, letters and other materials to the confirmed
address above, which shall be deemed as if it has been delivered.  Any
notice, request or other communications, including but not limited to telex,
telegraph, fax or other materials, once it is sent out shall be deemed as if it
has been delivered.

       

      
        	
                 
      

              	
                3.

              	
                If
      for relevant business need, Party A needs to entrust Guangdong Development
      Bank Co., Ltd. or other organization to perform its rights and obligations
      under this Contract, or allocate the loan service to Guangdong Development
      Bank Co., Ltd. or other organization for management, Party B hereby
      approves as described above.  Guangdong Development Bank Co.,
      Ltd. or other organization which is entrusted by Party A or carries on the
      loan service under this Contract is entitled to perform all the rights and
      obligation under this Contract, bring to court, submit to arbitration, or
      apply for enforcement in its own name for any dispute under this
      Contract.

              

      

       

      
        	
                 
      

              	
                4.

              	
                The
      transactor of Party A under this Contract is : Sun Jianyi, telephone: 0372
      – 3672778

              

      

       

      The
transactor of Party B under this Contract is: Yu Hailin, telephone: 0372 –
5606593.

       

      
        	
                 
      

              	
                5.

              	
                This
      contract is in duplicates, Party A keeps one, and Party B keeps one, the
      relevant registration authority keeps   /  .  Each
      one shall have the same legal
effect.

              

      

       

      
        	
                Article
      21 

              	
                Other
      Terms

              

      

       

                                                                                                                 /                                                                                                        

       

                                                                                                                 /                                                                                                        

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

                                                                                                                 /                                                                                                        

       

                                                                                                                 /                                                                                                        

       

      Article
22     Specific Credit Type and Specific
Provisions (note: it shall be filled based on truth, the articles which are not
applicable shall be deleted and the revised content shall be listed as
annex)

       

      The
credit types under this Contract are as follows:

       

      
        
          
            
              
                
                  
                    
                      	
                              No.

                            	 	
                              Item

                            	 	 
      	
                              No.

                            	 	
                              Item

                            	 	 
      
	 
      	 	
                              Liquid
      capital loan limit

                            	 	
                               ̈

                            	 
      	 	
                              Import
      bill advance limit

                            	 	
                               ̈

                            
	 
      	 	
                              Bank
      acceptance draft limit

                            	 	
                               ̈

                            	 
      	 	
                              Packing
      credit limit

                            	 	
                               ̈

                            
	 
      	 	
                              Discount
      of commercial draft limit

                            	 	
                               ̈

                            	 
      	 	
                              Export
      tax refund limit

                            	 	
                               ̈

                            
	 
      	 	
                              Over
      draft of legal person limit

                            	 	
                               ̈

                            	 
      	 	
                              Bill
      advance limit under export credit insurance

                            	 	
                               ̈

                            
	 
      	 	
                              Issuing
      letter of guarantee limit

                            	 	
                               ̈

                            	 
      	 	
                              Export
      factoring financing limit

                            	 	
                               ̈

                            
	 
      	 	
                              Opening
      letter of credit for import limit

                            	 	
                               ̈

                            	 
      	 	
                              Bill
      purchased limit

                            	 	
                               ̈

                            
	 
      	 	
                              Disbursement
      Guarantee limit

                            	 	
                               ̈

                            	 
      	 	
                              Domestic
      factoring financing limit

                            	 	
                               ̈

                            

                    

                  

                

              

            

          

        

      

       

      The above
limit □ can be adjusted with each other □ cannot be adjusted with each
other

       

      (√)
Liquid Capital Loan Limit

       

      
        	
                1.

              	
                The
      maximum limit of liquid capital loan limit is RMB Sixty Million
      Yuan.  Such limit □can / □ cannot be used
      circularly.

              

      

       

      
        	
                2.

              	
                The
      loan period for specific liquid capital loan is in accordance with the
      actual starting date and expiration date recorded in loan note or other
      certificate of indebtedness, the period for each liquid capital loan shall
      not exceed 12 months.

              

      

       

      
        	
                3.

              	
                Purpose
      of loan: Operation circulating
capital.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                4.

              	
                Within
      the maximum limit of liquid capital loan amount provided in this part,
      relevant business need, Party B can apply to use the credit limit
      reasonably.  Upon the "loan note", other certificate of
      indebtedness, and "application for usage of credit limit" issued by Party
      B, Party A shall first check whether the credit limit applied by Party B
      comply the provisions in this Contract, then transfer the capital under
      such credit limit into the balance account of Party
  B.

              

      

       

      (√) Bank
Acceptance Draft Limit

       

      
        	
                1.

              	
                The
      maximum limit of liquid capital loan limit is the FIRST type as
      follows:

              

      

       

      
        	
              	
                (1)

              	
                The
      maximum limit (including guarantee money) is RMB One Hundred and Twenty
      Million Yuan.

              

      

       

      
        	
              	
                (2)

              	
                The
      Exposure Maximum Limit for credit limit is _/__ (currency) ___/___
      (amount, in capital)

              

      

       

      Such
limit □can / □ cannot be used circularly.

       

      
        	
                2.

              	
                The
      period for each bank acceptance draft shall not exceed six months; the
      actual period shall be in accordance with the period provided in "bank
      acceptance draft ".

              

      

       

      
        	
                3.

              	
                The
      bank acceptance draft shall be used only for real trading of Party B;
      otherwise it shall be considered as an appropriation or dishonestly
      acquisition of the credit from Party A.  Party B shall fully
      compensate Party A with its damages caused by the appropriation or
      dishonestly acquisition of the credit of Party A by Party B or the
      improper purpose.

              

      

       

      
        	
                4.

              	
                Within
      the maximum limit of bank acceptance draft of this section, Party B shall
      submit Party A with written application, list including the information of
      full name of the payee, opening bank and account number of the payee,
      amount of draft, issuing date of draft, expiration date of draft and
      specific purpose, and relevant merchandise transaction contract for each
      application for acceptance.

              

      

       

      
        	
                5.

              	
                Party
      B shall submit and deposit guarantee money equal to 50% of the amount in
      draft before acceptance.  Party A will charge 0.05% of the
      amount in draft in one lump sum as handling
fee.

              

      

       

      
        	
                6.

              	
                Not
      matter whether the parties of the transactions related to drafts have any
      dispute or may have any dispute, Party B must deposit the amount of such
      draft and the handling fee in full into the "drawer account number"
      provided in such draft or other account accepted by Party A; and to place
      in as the capital of entrusting Party A to pay the amount, otherwise it
      will be deemed as a default of Party
B;

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                7.

              	
                If
      Party B fails to deposit the amount in full and on time, as a result Party
      A paid the capital, the payment of Party A shall be converted into overdue
      loans owed by Party B to Party A, Party A may charge an interest with the
      daily interest rate of 0.05% and a compound interest for the overdue
      interest on daily basis, and Party A is entitled to transfer such amount
      from the bank account of Party B to repay such loans and
      interests.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Signature
/ Stamp of the parties:

       

      Party A
(Stamp)

       

      Legal
Representative (Responsible Person)

       

      or
Entrusted Agent

       

      July 6,
2009               /s/ Shen
Xueqing

       

      Party B
(stamp)

       

      Legal
Representative (Responsible Person)

       

      or
Entrusted Agent

       

      July 6,
2009              /s/ Wang
Xinshun

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]