Document:

Exhibit
      10.53

     

    

    Contract

     

    

    Party
      A :
KIWA
      BIO-TECH PRODUCTS GROUP LTD

     

    Party
      B :
UPB
      INTERNATIONAL SOURCING LIMITED

     

    Whereas
      Party A entered into Urea Purchase Contract (Contract No.: (SELLER/SHENGKUI051/08/2006/UREA)
      with
      Shengkui
      Technologies, Inc. (“Shengkui”) on July 31, 2006 and Urea Sales Contract
      (Contract No.: SELLER/KIWA0085/07/2006/UREA)
      with
      China HuaYang Roneo Corporation (“Hua
      Yang”)
      on
      July
      28, 2006, both parties agreed to enter into this contract in connection with
      issuance of letter of credit (“L/C”) under such urea trade contracts.

     

    I.
      According to the Urea Purchase Contract, Party A, as the purchaser, should
      issue
      a revolving L/C with $38,500,000 credit line in total for the seller, Shengkui.
      Party A hereby commissions Party B to issue this L/C to Shengkui on behalf
      of
      Party A. Party B agreed to issue such L/C.

     

    II.
      Party
      A hereby promises to deliver directly transferable, non-revolving L/C from
      Hua
      Yang to Party B as a guarantee; or to endorse Hua Yang’s L/C to Party B; or to
      dictate Hua Yang to issue or endorse L/C with Party B as
      beneficiary.

     

    III.
      Party A also promises, that 2% of the total credit line of L/C issued by Party
      B
      will be paid as Party B’s commission, of which 50% will be paid within a month
      after this contract to be signed, the balance will be paid upon the close of
      the
      first shipment. The commission will be paid to Party B’s bank accounts
      designated by Party B.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IV.
      As
      Party B promises, L/C shall be issued according to Party A’s Urea Purchase
      Contract, which can be accepted by Seller, and shall be effective within the
      effective period of Urea Purchase Contract. Party B also promises that, within
      5
      working days after Party B negotiates L/C issued or endorsed by Hua Yang under
      each shipment, it will remit Party A the price difference between negotiated
      amount under LC from HUAYANG and the amount paid to Shengkui under LC issued
      to
      Shengkui. Party A shall have the right to charge interest at the rate of 1%
      per
      day times the number of overdue days.

     

    V.
      This
      contract shall become effective upon its execution, and have binding force
      to
      both parties.

    

     

    Party
      A :
KIWA
      BIO-TECH PRODUCTS GROUP LTD

    Signature
      :

    Title
      :

    Date
      :
August
      8,
      2006

    

    Party
      B :
UPB
      INTERNATIONAL SOURCING LIMITED

    Signature
      :

    Title
      :

    Date:
      August
      8,
      2006Exhibit
      10.54

     

    Supplementary
      Agreement

     

    Party
      A :
KIWA
      BIO-TECH PRODUCTS GROUP LTD

     

    Party
      B :
UPB
      INTERNATIONAL SOURCING LIMITED

     

    Whereas
      the contract in connection with issuance of L/C dated on August 8, 2006, Party
      B
      should issue revolving L/C with the term of one year, and whereas Party B’s
      opening bank agrees to issue L/C with the term of 90 days, and to reissue a
      substitute L/C with same amount when the former one expires, both parties come
      to terms of this supplementary agreement through negotiation:

     

    I.
      Party
      A agrees to modify the way of issuing L/C, that is, to alter the original
      revolving L/C with the term of one year to L/C with the term of 90 days, L/C
      with same amount can be reissued when the time expires, until the Urea Purchase
      Contract expires.

     

    II.
      As
      Party B promises, after the modification of the way of issuing L/C, it shall
      guarantee that in the effective period of Urea Purchase Agreement, effective
      L/C
      is continuous and available anytime, and cannot affect Party A’s normal
      trade.

     

    III.
      If
      Party B’s L/C influences Party A’s trade or causes Party A to be claimed for
      compensation by the third party, Party B should pay for the loss of Party A,
      but
      the compensation is in the limit of the commission. 

     

    IV.
      This
      supplementary agreement shall become effective upon execution.

     

    

    Party
      A :
KIWA
      BIO-TECH PRODUCTS GROUP LTD

    Signature
      :

    Title
      :

    Date
      :

    Party
      B :
UPB
      INTERNATIONAL SOURCING LIMITED

    Signature
      :

    Title
      :

    Date
      :Exhibit
      10.55

     

    SHORT
      TERM LOAN AGREEMENT

    

    Borrower:
      Kiwa
      Bio-Tech Products (Shandong) Co. Ltd. 

    Lender:
      China
      Star Investment Management Co. Ltd.

    

    Pursuant
      to the laws and regulations of the People's Republic of China, Borrower and
      Lender enter into and consent to be bound by this Short Term Loan Agreement
      (the
“Loan Agreement”) as of October 23, 2006.

    

    ARTICLE
      1 The Loan.

    Lender
      agrees to provide the following loan to borrower (the "Loan"):

    
      	(1)	
              Loan
                Amount: RMB4,000,000 (RMB four
                million).

            

    

    
      	(2)	
              Loan
                Period: three months since the date of draw
                down.

            

    

    

    ARTICLE
      2 Interest rate and payment.

    
      	(1)	
              This
                Loan shall bear interest at a rate of 5% per annum (the "Loan Interest
                Rate"). 

            

    

    
      	(2)	
              Interest
                on the Loan Amount for the entire loan period shall be accrued and
                paid in
                full as of the date of draw down.

            

    

    

    ARTICLE
      3 Loan Extension.

    Borrower
      shall repay the Principal according to schedule. If, as a result of certain
      special circumstances, Borrower cannot repay the Principal on the due date
      and
      is in need of an extension, then Borrower must submit a written application
      to
      Lender fifteen days prior to the due date for extension thereof. Upon Lender's
      consent, Lender and Borrower shall enter an extension agreement. 

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    ARTICLE
      4 Events of Default.

    Lender
      shall have the right to charge interest on any overdue repayment at the rate
      of
      0.03% per day times the number of overdue days when Borrower does not repay
      the
      principal of the funds borrowed according to the specified schedule in this
      Loan
      Agreement.

    

    ARTICLE
      5 Execution.

    
      	(1)	
              This
                Loan Agreement shall become effective upon its execution by the parties
                hereto or upon each party fixing its seal onto this Loan
                Agreement.

            

    

    
      	(2)	
              There
                are two copies of this Loan Agreement, one copy for each of the two
                parties to the contract. All copies shall be of the same force and
                effect.

            

    

    

    

    
      	Borrower:	Kiwa Bio-Tech Products (Shandong) Co.
              Ltd.	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Signature:	/s/ Lianjun
              Luo	 	 	 
	 	
              
Chief
              Financial Officer	 	 	
            
	Date:	October 23, 2006	 	 	 

    

     

     

    
      	Lender:	China Star Investment Management Co.
              Ltd.	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Signature:	/s/ Wei
              Li
              	 	 	 
	 	
              
Chairman
              of Board 	 	 	
            
	 	 	 	 	 

    

    

    
      
         

      

        2Exhibit
      10.12

    

    CRIMSON
      BAYOU PARTICIPATION AGREEMENT

    

    THIS
      PARTICIPATION AGREEMENT ("Agreement") is made and entered into this 30 day
      of
      November, 2005, but shall be effective as of October 1, 2005 (the "Effective
      Date"), by and between RANGE PRODUCTION I, L. P., a Texas limited partnership,
      by and through its General Partner, Range Production Company, a Delaware
      corporation, whose address is 16801 Greenspoint Park Drive, Suite 200, Houston,
      Texas 77060-2320 ("Range") and IGNIS PETROLEUM CORPORATION, a Nevada
      corporation, whose address is 100 Crescent Court, 7th Floor, Dallas, Texas
      75201
      ("Ignis"). Range and Ignis may be referred to herein collectively as the
      "Parties" or individually as a “Party”. 

    

    WITNESSETH

    

    WHEREAS,
      Range owns rights to certain geophysical data and oil and gas leasehold
      interests, and agreements to acquire leasehold interests, within that certain
      geographical area known as the Crimson Bayou Prospect located in Iberville
      Parish, Louisiana, being the colored area bounded by a red dashed outline as
      depicted on Exhibit "A" (the "Contract Area") attached hereto and made a part
      hereof for all purposes, and Range has developed a plan to explore and develop
      the Contract Area for oil and gas production; and, 

    

    WHEREAS,
      Ignis desires to earn an interest in and to the oil and gas leases (the
      "Leases") owned, controlled or currently being acquired by Range in the Contract
      Area, by participating in the cost, risk, expense and liability of drilling
      a
      test well thereon subject to the terms, provisions and conditions hereinafter
      set forth; 

    

    NOW,
      THEREFORE, in consideration of the Initial Cash Consideration to be paid as
      set
      forth in Paragraph V below, and of the mutual covenants, obligations, promises,
      and benefits set forth below, (collectively, the "Consideration"), the receipt
      and sufficiency of which are hereby acknowledged, Range and Ignis mutually
      agree
      as follows: 

    

    I.

    Existing
      Leasehold Interests

    

    Range
      represents that it owns, controls or is currently completing acquisition of
      the
      Leases which cover and affect not less than 1,011.550 gross mineral acres within
      the Contract Area, as more particularly described on Exhibit "B" attached
      hereto. Range further represents that with respect to the Leases: 

    

    
      	 	
              1)
                

            	
              each
                Lease is valid and subsisting under its terms and any and all delay
                or
                drilling deferment rentals required to maintain such Lease has been
                timely
                and properly paid; 

            

    

    

    
      	 	
              2)
                

            	
              each
                Lease is burdened with the landowners' royalty as provided in the
                Lease,
                and with an overriding royalty interest in favor of SOLEX Corporation
                or
                its successors or assigns equal to three and one-half percent of
                eight-eighths (3.5% of 8/8ths) (the "SOLEX ORRI"), thus delivering
                a net
                revenue interest of 71.5% to the 100% working interest. Range has
                not
                created any other burdens that will affect the Leases and agrees
                to
                defend, keep, save and hold Ignis harmless against any claim of interest
                arising, or to arise, by, through or under Range, but not otherwise;
                

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              3)
                

            	
              the
                Leases are not subject to any pre-existing marketing agreements.
                

            

    

     

    II.

    Contract
      Area Operations

    

    Concurrently
      herewith, the Parties have made and entered into that certain Joint Operating
      Agreement attached hereto as Exhibit "C" (the "JOA"), which names Range
      Production Company as Operator and which JOA shall govern all operations to
      be
      conducted by the Parties and all rights and duties of all owners of interest
      in
      the Leases and all wells to be drilled and facilities to be established within
      the Contract Area. In the event of any conflict between this Agreement and
      the
      JOA, this Agreement shall be the controlling document as to all matters or
      conflicts except as to matters covered only in the JOA. The JOA shall include
      an
      Insurance Exhibit providing for Ignis, at its option, to elect to be named
      as an
      additional insured under Operator's Extra Expense Insurance, Physical Damage
      Coverage and Excess Liability Umbrella Coverage at amounts set forth on said
      Insurance Exhibit.

    

    III.

    Acquisition
      of Additional Interest

    

    The
      acquisition of any additional interest of whatsoever kind, including, without
      limitation, any fee interest, oil, gas and mineral lease, lease option, royalty
      or overriding royalty acquired by the Parties within the Contract Area and
      not
      included on Exhibit "A" hereto, shall be handled in accordance with the terms
      of
      the Area of Mutual Interest provision set out in Paragraph VII. hereof. Each
      such acquisition shall be subject to the SOLEX ORRI. The interests of the
      Parties in and to any such acquisition shall be as set out in Exhibit "A" of
      the
      JOA. 

    

    IV.

    Initial
      Test Well

    

    Ignis
      shall participate for twenty-five percent (25%) of 8/8ths working interest
      in
      the drilling of the initial test well to be drilled within the Contract Area
      at
      a surface location described as X = 1,975,952.00 and Y = 547,652.00 and a bottom
      hole location described as X = 1,976,134.66 and Y = 546,818.43 (the "Test
      Well"). The Test Well will be drilled to an objective depth of 12,800' TVD
      RKB
      or a depth sufficient to test various shallow Miocene Sands (7000' Sand, aka
      Amphistegina B; 8100' Sand; 'D" Sand, aka Marginulina A/Siphonina davisi; "D-2"
      Sand; "E" Sand; "E-2" Sand) as well as the deeper Oligocene Cibicides hazzardi
      Sand ("Test Well"). It is understood and agreed by the Parties that the
      abnormally pressured Cibicides hazzardi section will only be tested in the
      event
      the Test Well first finds commercial production in one or more of the shallow,
      normally pressured objectives. The Authority For Expenditure ("AFE") for the
      Test Well is attached as Exhibit "D" hereto. At production casing point, Ignis
      shall have, pursuant to the terms of the JOA, an election to participate or
      not
      participate in any proposed completion attempt. Ignis shall pay twenty-five
      percent (25%) of the dry hole expenses and completion costs, subject to such
      casing point election. In the event that the Test Well is not spudded on or
      before March 31, 2006, subject to reasonable delays due to acquisition of all
      necessary permits, rig availability, weather and other force
      majeure
      events,
      then Ignis shall have the option to withdraw its commitment to participate
      under
      this Agreement without any penalty other than forfeiture of all rights under
      the
      Agreement and failure to earn an interest hereunder. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    V.

    Consideration,
      Assignment and Interests of the Parties Before and After
      Payout

    

    Within
      five (5) business days following the signing of this Agreement, Ignis shall
      pay
      to Range the sum of Ninety-One Thousand Five Hundred Forty Dollars ($91,540.00),
      being the "Initial Cash Consideration" to reimburse Range for Ignis's
      twenty-five percent (25%) share of Range's lease bonus, rentals and geological
      and geophysical costs already expended up to the Effective Date of the
      Agreement. Ignis shall thereafter share in any costs expended on the Test Well
      and associated appurtenances in accordance with and as prescribed in the JOA.
      The Initial Cash Consideration shall be paid by certified check or wire transfer
      to Range Resources Corporation, Bank One, Texas, Account No. 074001-5433, ABA
      No. 111000614. 

    

    By
      participating in the drilling and completion of the Test Well, Ignis shall
      earn
      from Range a recordable Assignment of Oil, Gas and Mineral Leases
      ("Assignment”), in the form of Exhibit "E" attached hereto and made a part
      hereof for all purposes, conveying to Ignis an undivided twenty-five percent
      (25%) of 8/8ths working interest in the Leases. In the Assigrunent, Range shall
      reserve a twenty percent (20%) back-in working interest, to be effective at
      payout of the Test Well, as defined below, or as of the commencement of drilling
      of any subsequent well or construction of any facilities required to prepare
      and
      bring production from such well or wells to market. As a result of Range's
      reversionary interest, the interests of the Parties as set out in the JOA shall
      be as follows: 

    

      
        	
                BEFORE
                  PAYOUT OF TEST WELL:

              	 	 	
                Range

              	 	 	
                75%
                  WI 

              	 
	
                 

              	 	 	
                Ignis 

              	 	 	
                25%
                  WI 

              	 
	 	 	 	 	 	 	 	 
	
                AFTER
                  PAYOUT OF TEST WELL OR AS 

              	 	 	 	 	 	 	 
	
                OF
                  COMMENCEMENT OF OPERATIONS 

              	 	 	 	 	 	 	 
	
                FOR
                  ANY SUBSEQUENT WELL OR FACILITY: 

              	 	 	
                Range

              	 	 	
                80%
                  WI 

              	 
	
                 

              	 	 	
                Ignis 

              	 	 	
                20%
                  WI 

              	 

      

    

     

    "Payout"
      of the Test Well shall be defined as occurring at such time as the Parties
      have
      recovered from the sale of production of oil, gas and other minerals from said
      well, a sum of money equal to the total cost incurred by the Parties in house
      rentals, lease bonus, G&G, drilling, completing, equipping and operating
      such well. Range agrees to furnish Ignis with a complete payout statement at
      quarterly intervals detailing costs and expenses incurred and production sold
      from said well and indicating the balance to payout as of said date.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    VI.

    Marketing
      of Production

    

    In
      the
      event the Test Well is completed as a well capable of producing oil and/or
      gas
      in commercial quantities, at Ignis's option Range, or its successors and
      assigns, shall market Ignis's share of production from the Leases on a ratable
      take basis under the same terms and conditions under which Range markets its
      own
      share of production, without any marketing fee imposed unilaterally by Range;
      however, Range shall have no liability or obligation with respect to any
      marketing fee or similar cost or expense that might be imposed by an
      unaffiliated third party acting beyond Range's control. In the event Range
      is
      marketing for Ignis, Range will pay Ignis's share of royalties, overriding
      royalties, severance tax payments and other payments burdening Ignis's interest,
      on behalf of Ignis and out of Ignis's share of production. 

    

    VII.

    Area
      of Mutual Interest

    

    The
      Parties hereby create an Area of Mutual Interest ("AMI”) consisting of the
      Contract Area as depicted on Exhibit "A" hereto. The term of the AMI shall
      extend for the term of the JOA plus six months, unless sooner terminated by
      the
      Parties. During the term of the if any Party ("Acquiring Party") acquires an
      oil
      and gas interest ("Acquired Interest") within the AMI, including, without
      limitation, any fee interest, oil, gas and mineral lease, lease option, royalty
      or overriding royalty or interest acquired by lease extension or renewal, or
      via
      farmin, dry hole or acreage contribution or any contract affecting the lands
      lying within the Contract Area, the Acquiring Party shall promptly notify the
      other Party ("Offeree") in writing of such acquisition. The notice shall include
      a complete description of the interest acquired, including the nature of such
      interest, the term, cost of acquisition and any burdens affecting the interest,
      and shall be accompanied by copies of the instrument(s) by which such Acquired
      Interest was obtained. The Offeree shall have the right to acquire its
      proportionate share (as shown on Exhibit "A" of the JOA) of such Acquired
      Interest, by responding in writing within thirty (30) days following receipt
      of
      the notice and advising the Acquiring Party of its election. If a well is then
      drilling within the AMI or at a location outside the AMI of which the result
      could be expected to materially affect the value of the Acquired Interest,
      the
      notice shall include such information and the Offeree shall in such event have
      a
      period of forty-eight (48) hours after receipt of said notice within which
      to
      elect to acquire its proportionate interest 

    in
      the
      Acquired Interest. The failure of the Offeree to respond in writing within
      said
      thirty (30) day or forty-eight (48) hour election period shall be deemed an
      election by such Offeree not to acquire its proportionate share of the Acquired
      Interest. In the event the Offeree elects to acquire its share of the Acquired
      Interest, the Acquired Interest shall be owned and the acquisition cost thereof
      shall be borne by the Parties in the proportions shown on Exhibit "A" to the
      JOA. Should the Offeree decline to acquire its share of the Acquired Interest,
      that interest shall be retained and owned by the Acquiring Party, provided,
      however, that if there is more than one offeree, and one or more offerees
      decline to acquire their share of the Acquired Interest, such interest shall
      first be made avaialbe to the Offerees who elected to acquire part of the
      Acquired Interest on a proportionate basis, and the remainder, if any, shall
      be
      retained by the Acquiring Party. Any assignment made by the Acquiring Party
      to
      the Offeree shall be made free and clear of any burdens placed thereon by the
      Acquiring Party, other than the SOLEX ORRI as stated in Paragraph III., above,
      but without warranty of title, either express or implied. The assignment shall
      be made and accepted subject to, and the assignee shall expressly assume its
      share of, all of the obligations of the Acquiring Party. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    The
      provisions of this AMI shall not apply to acquisitions as a result of merger,
      consolidation, reorganization or an acquisition from a parent, subsidiary or
      affiliated corporation, nor shall it apply to sales and acquisitions between
      partners in a partnership or joint venture. 

    

    VIII.

    General

    

    A.
      Entire
      Agreement.
      All
      terms, conditions and provisions of this Agreement shall extend to and be
      binding upon the Parties hereto, their respective heirs, legal representatives,
      successors and assigns. This Agreement together with the JOA and other exhibits
      incorporated herein constitutes the entire agreement of the Parties with respect
      to the subject matter of this Agreement and supersedes all prior agreements
      and
      understandings, oral and written, between the Parties with respect to the
      subject matter of this Agreement. This Agreement may be modified and amended
      only by written instrument executed by the Parties hereto. 

    

    B.
      Waivers.
      The
      failure at any time of any Party to require performance by any other Party
      of
      any responsibility or obligation required by this Agreement shall in no way
      affect a Party's right to require such performance at any time thereafter,
      nor
      shall the waiver by a Party of a breach of any provision of this Agreement
      by
      any other Party constitute a waiver of any other breach of the same or any
      other
      provision nor constitute a waiver of the responsibility or obligation
      itself.

    

    C.
      Relationship
      of the Parties.
      It is
      not the purpose or intention of this Agreement to create, and this Agreement
      shall never be construed as creating, a joint venture, mining partnership,
      or
      other relationship whereby any Party shall be held liable for the acts, either
      a
      omission or commission, of any other Party hereto.

    

    D.
      Laws,
      Rules and Regulations.
      The
      Parties agree to comply with all laws, rules, and regulations, which are now
      or
      may become applicable to the operations covered by this Agreement or arising
      out
      of the performance of such operations. If any Party hereto, itself innocent
      of
      any violation, is required to pay any fine or penalty resulting from the failure
      of its partner(s) to comply with such laws, rules, or regulations, the party
      or
      parties failing to comply shall immediately reimburse the innocent payor for
      any
      such payment. In the event that any provision of this Agreement is inconsistent
      with or contrary to any applicable law, rule or regulation, said provision
      shall
      be deemed to be modified to the extent required to comply with said law, rule,
      or regulation, and this Agreement, as so modified, shall remain in full force
      and effect. 

    

    E.
      Choice
      of Law.
      THE
      LAWS OF THE STATE OF LOUISIANA SHALL GOVERN THE INTERPRETATION OF THIS AGREEMENT
      AND ALSO THE RESOLUTION OP ALL CONTRACTUAL ISSUES ARISING HEREUNDER TO THE
      EXCLUSION OF ANY CONFLICTS OF LAW RULES WHICH WOULD REFER THE MATTER TO THE
      LAWS
      OF ANOTHER JURISDICTION. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    F.
      Counterpart
      Execution.
      This
      Agreement may be executed by both Parties signing an original or a counterpart
      thereof. If this Agreement is executed in counterparts, all counterparts taken
      together shall have the same effect as if both Parties had signed one and the
      same instrument. 

    

    IN
      WITNESS WHEREOF, the Parties have executed this Agreement as of the date first
      written above, but effective as of the Effective Date hereof. 

    
      	 	 	 	 
	
              RANGE
                PRODUCTION I, L.P., 

              
By
                Range Production Company, 

              Its
                General Partner 

            	 
	 	 
	By:	/s/
              STEVEN M
              CURRAN	 
 	 
 
	 	
              Steven
                M. Curran

              Vice
                President - Gulf Coast Business Unit

            	 	 
	 	 	 	 
	 	 	 	 
	IGNIS PETROLEUM CORPORATION
              	 	 
	 	 	 	 
	 	 	 	 
	By:
              	/s/
              MICHAEL P. PIAZZA	 	 
	 	Title: President & CEO

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