Document:

Exbibit
10.3

      

    Patent
Transfer Agreement

     

    Transferor: Zhang Liwen holds
the three patents of base fabric of collagenous fiber restored leather and its
processing method (application No.: 200410097268.8, application has been
accepted), a kind of liquid opening and scutching machine (patent for invention
No.: 200610035347.5, patent has been approved) and a kind of punlace fabric and
its processing method (application No.: 200710003092.9, application has been
accepted).

     

    Transferee: Lizhan Resources
Recycling Technology Development Company Limited

     

    The third party: Eminent
Benefit Holdings Limited

     

    Based on
the principle of equality, through free consultation, the Parties hereby agree
as follows:

     

    1. The
Parties agree to reprice the three patents to be assigned to Zhejiang Hongzhan
New Materials Co., Ltd. for no consideration which were referred to in the
Shares Transfer Agreement of Zhejiang Hongzhan New Materials Co., Ltd. among
Lizhan Resourses Recycling Technology Development Company Limited, Eminent
Benefit Holdings Limited and Zhang Liwen on February 8, 2010 at US$650,000 which
shall be purchased by Lizhan Resources Recycling Technology Development Company
Limited and then transferred to Zhejiang Hongzhan New Materials Co.,
Ltd.

     

    2. The
patent transfer price (US$650,000) shall be directly paid by Lizhan Resources
Recycling Technology Development Company Limited to Eminent Benefit Holdings
Limited which is held by Zhangliwen.

     

    3. The
above patent transfer price(US$650,000) shall be deemed as Zhangliwen’s capital
increment to Eminent Benefit Holdings Limited and shall be dealt with by Eminent
Benefit Holdings Limited on its own.

     

    4. This
agreement shall immediately become effective after being signed and sealed by
the transferor, transferee and the third party.

     

    
      
         

      

      
        - 1 -

        
          

        

      

      
         

      

    

      

    
      	
              Transferor:
      Zhangliwen

            	
              Transferee:
      Lizhan Resources Recycling

            
	 
      	 
      
	 
      	
              Technology
      Development Company Limited

            
	
              (Signature):

            	 
      
	 
      	
              (Seal):

            
	
              Date:
      February 10, 2010

            	 
      
	 
      	
              Legal
      representative:

            
	 
      	 
      
	 
      	
              Date:
      February 10, 2010

            
	 
      	 
      
	
              The
      third party: Eminent Benefit Holdings Limited

            	 
      
	 
      	 
      
	
              (Seal):

            	 
      
	 
      	 
      
	
              Legal
      representative:

            	 
      
	 
      	 
      
	
              Date:
      February 10, 2010

            	 
      

    

     

    
      
         

      

      
        - 2 -Exhibit
10.4

     

    Equipment
Assigning Agreement

     

    Party A:
Culp Fabrics (Shanghai) Co., Ltd.

     

    Party B:
Lizhan Textile (Zhejiang) Co., Ltd.

     

    Through
consultation, Party A and Party B has made the following agreement on assigning
of the long term use right of the tufted fabric production equipment and
affiliated equipment (hereinafter referred to as “equipment assigned”) listed in
the annex herein:

     

    1. For
the list of the equipment assigned please see the annex. There are 14 sets in
total. The original value of each set is RMB 1.85 million, i.e. RMB 26 million
in total. The estimated service life is 20 years. On the signing date of this
contract, the above equipment has been used one year in the United States and is
in good condition upon assignment.

     

    2. Party
A assigns the use right of the above equipment to Party B without consideration.
During the service life of the equipment, Party B may use the equipment for
free. Party A will teach Party B the technique of tufted fabric production using
the equipment and will assign a technician to give Party B direction until Party
B can produce independently.

     

    3. As
compensation, the sales right of the products (tufted fabric) in the United
States produced in the first two years since Party B’s commencing the use the
above equipment shall solely belong to Party A. Without the approval of Party A,
Party B shall not sell the product to any third party within the territory of
the United States.

     

    4. After
the assignment, the repair and maintenance costs of the equipment during the
course of its use shall be borne by Party B.

     

    5. The
product price of the related product sold by Party B to Party A shall be set by
Party A at its sole discretion according to the production costs and the
circumstances of the market competition. Party A shall not intefere with the
pricing of Party B.

     

    6. This
agreement has two originals. Each party shall hold one original. Both parites
shall abide by and shall not breach the agreement. In case of any disputes, they
shall be settled by Party A and Party B through consulation.

     

    
      
        
          
            
              	
                      Signature
      on behalf of Party A:

                    	 
      
	 	 
	
                      Culp
      Fabrics (Shanghai) Co., Ltd. (seal)

                    	 
      
	 	 
	
                      June
      26, 2008

                    	 
      
	 
      	 
      
	
                      Signature
      on behalf of Party B:

                    	 
      
	 	 
	
                      Lizhan
      Textile (Zhejiang) Co., Ltd. (seal)

                    	 
      
	 	 
	
                      June
      26, 2008Exhibit
10.5

     

    
      Labor
Contract of Lizhan (Cayman) Environment Corporation

        
          

        

      

    

     

    Labor
Contract of Lizhan (Cayman) Environment Corporation

     

    Party A (employer): Lizhan
(Cayman) Environment Corporation

     

    Legal
representative: Liu Jianfeng

     

    Party B (employee): Liu Jianfeng Sex:
male Date of
birth: April 28,
1963 Nationality: Han ID card No.:
432627196304283014

     

    According
to the Labor Law of the People’s Republic of China and relevant laws, policies
and regulations, after equal and free negotiations, Party A and Party B agree to
sign and execute this contract.

     

    I.
Term of the Contract

     

    
      
        	
                1.

              	
                This
      contract is a fixed term contract with a four year term from September 1,
      2009 to August 31, 2013.

              

      

    

     

    
      	
              2.

            	
              During
      the term of the contract the probation period shall
      be   month,
    from     .

            

    

     

    II.
Contents of Work

     

    
      	
              1.

            	
              Party
      B agrees to work as chairman of the board
      and chief executive officer according to the work arrangement of
      Party A. Party A may adjust Party B’s position (type of work) according to
      the need of the work. Party B shall obey the arrangement of Party
      A.

            

    

     

    
      	
              2.

            	
              Party
      B must endeavor to fulfill the various work contents for such position
      (type of work) according to requirements of the production task and
      responsibility system of such position (type of
  work).

            

    

     

    III.
Labor Protection and Working Condition

     

    
      	
              1.

            	
              Party
      A shall provide necessary production and working condition for Party B.
      Party A shall strictly abide by the State’s regulations on working
      protection, the protection of female workers and juvenile, adopt labor
      protection measures and safeguard the safe production and the health of
      the employees.

            

    

     

    
      	
              2.

            	
              Party
      A shall follow the State’s working hour system. If overtime work is
      needed, it shall make overtime payment to Party B according
      regulations.

            

    

     

    
      	
              3.

            	
              Party
      B must strictly follow various safe operating procedures during the course
      of the work.

            

    

     

    
      	
              4.

            	
              During
      its employment with Party A, Party B shall not disclose Party A’s secrets
      and shall not use the work convenience to participate in activities of
      other company of the same production or technique in any form to hurt
      Party A’s interests.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      Labor
Contract of Lizhan (Cayman) Environment Corporation

        
          

        

      

    

     

    IV.
Work Compensation

     

    
      	
              1.

            	
              The
      compensation shall be determined based on the workload. There shall be the
      same compensation for the same work. Party A shall Pay Party B salary on
      the payday each month in cash. According to the position set in this
      contract, the monthly salary shall be C: A. salary based on items; B.
      salary based on time; C. salary based on level of position; D. sales
      commission.

            

    

     

    
      	
              2.

            	
              For
      the probation period, Party B’s monthly salary shall be RMB  or
      paid based on the position’s.

            

    

     

    
      	
              3.

            	
              Party
      A shall not retain or delay the salary for no reason. The salary paid by
      Party A to Party B shall be no lower than the minimum wage standard set by
      the government.

            

    

     

    
      	
              4.

            	
              The
      salary based on level of position may be adjusted as required by the
      management of the company.

            

    

     

    
      	
              5.

            	
              In
      case of adjustment of position, the salary shall be based on level of
      position after the adjustment.

            

    

     

    V.
Rules

     

    
      
        	
                1.

              	
                Party
      A shall make the rules of the unit and inform Party B in an effective and
      timely manner.

              

      

    

     

    
      
        	
                2.

              	
                Party
      B shall obey the work management of Party A, and shall strictly follow the
      rules made by Party A according to law. Party B must abide by the laws and
      disciplines, obey the management and teaching of Party A and follow the
      various rules made by Party A according to
law.

              

      

    

     

    VI.
Conditions for Termination, Alteration and Cancelation of the Labor
Contract

     

    
      	
              1.

            	
              The
      alteration, cancelation and termination of this labor contract by Party A
      and Party B shall conform to the Labor Law of the People’s Republic of
      China and relevant laws and
regulations.

            

    

     

    
      	
              2.

            	
              Upon
      cancellation or termination of this contract, Party A shall issue Party B
      the certificate for cancellation or termination of labor contract, and
      handle the transfer of social security relation within the time period
      prescribed by regulations.

            

    

     

    
      	
              3.

            	
              Party
      B shall handle the work handover procedure according the agreement of both
      parties in a timely manner.

            

    

     

    VII.
Liabilities for Breach of the Labor Contract

     

    
      	
              1.

            	
              In
      case of any party’s breach of this contract causing economic losses to
      another party, it shall pay the damages according to it consequences and
      the liabilities.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      Labor
Contract of Lizhan (Cayman) Environment Corporation

        
          

        

      

    

     

    
      	
              2.

            	
              After
      the training of professional technique and knowledge which are paid by
      Party A, if Party B has not completed its service period, Party A shall
      charge Party B the damages according to the actual training fee. The
      amount shall reduce a 30% for one full year work from the training date
      and no damages shall be paid if three full years has
    passed.

            

    

     

    VIII.
Collateral Clause

     

    
      	
              1.

            	
              This
      contract shall become effective from the signing date. In case of any
      matter not mentioned or in case of any dispute, both parties shall resolve
      it through consultation according to relevant State
      regulations.

            

    

     

    
      	
              2.

            	
              This
      contract shall have two originals which shall have the same validity.
      Party A and Party B shall each hold one
  original.

            

    

     

    Party A:
(seal)                             Party B
(signature):

     

    Lizhan
(Cayman) Environment Corporation

     

    Date:                                     Date:

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