Document:

Loan
      Contract

     

    Contract
      Serial Number: 35101200700003647

     

    The
      Borrower (Full Name) : Huabao Mingxiang Foods Co., Ltd.

     

    The
      Lender (Full
      Name) :
      Shishi
      Subbranch, Agricultural Bank of China

     

    This
      Contract is made and entered into by and between the Parties hereto through
      negotiation in accordance with relevant laws and regulations of
      China.

     

    Article
      1  Loan
      details

     

    1. Type
      of
      Loan: short-term working capital loan

     

    2. Use
      of
      Loan: for working capital

     

    3. Currency
      and
      Amount of Loan (In words) : RMB
      Three
      Million Yuan

     

    4. Life
      of
      Loan: 

     

    
      	
            	(1)	
              Loan
                period is shown in the following
                table.

            

    

     

    
      	
              Drawdown

            	 	
              Maturity

            
	
              Date

            	 	
              Total Amount

            	 	
              Date

            	 	
              Total Amount

            
	
              
                April
                  29,

                2007

              

            	 	
              RMB3,000,000

            	 	
              April
                28,

              2008

            	 	
              RMB3,000,000

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

     

    (The
      additional schedules of this table constitute an integral part of this
      Contract.)

     

    
      	
            	(2)	
              Where
                there is any difference between the amounts of loan, the drawdown
                date and
                maturity date recorded in this Contract and the same in the loan
                voucher,
                the latter shall prevail. Said Loan voucher shall constitute an integral
                part of this Contract. Where
                the loan hereunder is made in foreign currency, the Borrower shall
                repay
                the principal and interest of said loan in original currency at the
                time
                as agreed.

            

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    5.        Floating
      interest rate

     

    The
      lending rate shall increase by 30%
      on the
      basis of the benchmark interest rate, i.e. effective annual interest rate is
      8.307%.
      The
      benchmark interest rate for a five-year loan or below shall be that of the
      loan
      at the same term declared by the People's Bank of China, and the benchmark
      interest rate for a loan above five-year shall be that of the loan at the same
      term declared by the People's Bank of China plus N/A
      (in
      words) percentage points.

     

    One
      cycle
      of interest rate adjustment shall last for three
      (in
      words) months. Where the benchmark interest rate of the money borrowed is
      adjusted by the People's Bank of China, the Lender shall, from the corresponding
      date of first month of the next circle after benchmark interest rate adjustment,
      adopt the new interest rate determined according to the adjusted benchmark
      interest rate for different term of loan and aforesaid calculating method,
      and
      the Lender may not notify the Borrower. Where the benchmark interest rate
      adjustment date is the same date as the disbursement date of the loan or the
      corresponding date of loan of the first month of said circle, the new interest
      rate shall be determined from the adjustment date of the benchmark interest
      rate. Where there is no corresponding date of loan, the last day of said month
      shall be deemed as the corresponding date of loan.

     

    6.        Settlement
      of interest

     

    The
      interest of the loan hereunder shall be settled on quarterly
      basis,
      and the interest settlement date shall be the 20th day of the last month in
      each
      quarter. The Borrower shall pay the interest on each interest settlement date.
      Where the last repayment date of the principal does not fall on an interest
      payment date, the unpaid interest shall be settled on the principal repayment
      date (interest rate per day = interest rate per month/30).

     

    
      	Article
              2	
              The
                Lender shall have the right to refuse to provide the loan hereunder
                until
                the following conditions are
                satisfied

            

    

     

    
      	
              1.

            	
              The
                Borrower has opened a basic account in the Lender's
                office.

            

    

     

    
      	
              2.

            	
              The
                Borrower has provided relevant documents and data required by the
                Lender
                and has gone through relevant procedures as
                required.

            

    

     

    
      	
              3.

            	
              For
                loan made in foreign currency, the Borrower has gone through relevant
                procedures for approval and registration and other procedures required
                by
                law in accordance with relevant
                provisions.

            

    

     

    
      	
              4.

            	
              Where
                there is a mortgage or pledge attached to the loan hereunder, the
                Borrower
                has gone through relevant legal procedures for registration and/or
                insurance as required by the Lender, and such mortgage or pledge
                or
                insurance shall be effective continuously. Where there is a guarantee
                attached to the loan hereunder, the contract of guaranty thereof
                has been
                executed and come into effect.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Article
      3  Rights
      and obligations of the Lender

     

    
      	1.	
              The
                Lender shall have the right to get to know information of the Borrower
                such as production operations, financing activities, goods and materials
                stock and use of loan. It shall also have the right to require the
                Borrower to provide documents such as its financial statements, other
                data
                and information on time. 

            

    

     

    
      	2.	
              Where
                the Borrower is under any of the following circumstances specified
                in Item
                7, Item 8 and Item 10 of Article 4 hereof (including but not limited
                to)
                which are enough to influence the security of loan, the Lender may
                stop to
                provide loan or take the loan back prior to the time limit as agreed.
                

            

    

     

    
      	3.	
              When
                taking back or taking back the principal, interest, default interest,
                compound interest of the loan and other expense payable from the
                Borrower
                prior to the time limit as agreed, the Lender may transfer said amount
                of
                money from any accounts of the Borrower.

            

    

     

    
      	4.	
              Where
                the money repaid by the Borrower is not enough for the repayment
                of the
                amount payable hereunder, the Lender may choose to repay the principal,
                interest, default interest, compound interest of said loan or other
                expenses with said amount of money.

            

    

     

    
      	5.	
              Where
                the Borrower fails to fulfill its repayment obligations, the Lender
                may
                openly disclose the Borrower's breach of the Contract.
                

            

    

     

    
      	6.	
              The
                Lender shall provide loan to the Borrower in full amount at the time
                as
                agreed herein.

            

    

     

    Article
      4  Rights
      and obligations of the Borrower

     

    
      	1.	
              The
                Borrower shall have the right to acquire and use the loan as agreed
                herein.

            

    

     

    
      	
              2.

            	
              The
                Borrower shall deal with the settlement and deposit affairs relevant
                to
                the loan hereunder through the account agreed in the Article 2 hereof.
                

            

    

     

    
      	
              3.

            	
              Where
                the loan hereunder is made in foreign currency, the Borrower shall
                go
                through relevant procedures for approval and registration and other
                procedures required by law in accordance with relevant provisions.
                

            

    

     

    
      	
              4.

            	
              The
                Borrower shall repay the principal and interest of the money borrowed
                at
                the time as agreed. Where the Borrower needs to renew this Contract,
                it
                shall submit a written application thereof to the Lender 15 days
                before
                the maturity date of the loan, and an extension contract thereof
                shall be
                concluded with the Lender upon the Lender's
                consent.

            

    

     

    
      	5.	
              The
                loan shall be used in the way as agreed herein, and shall not be
                illegally
                occupied or misappropriated. 

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	6.	
              The
                Borrower shall provide true, integrate and valid financial statements
                or
                other related data and information to the Lender on a monthly basis
                and
                shall actively cooperate with the Lender in examining its production
                operations, financing activities and its use of the loan hereunder.
                

            

    

     

    
      	7.	
              Before
                taking such activities as contracting, leasing, joint-stock system
                reform,
                merger, split-up, establishing, joint ventures, asset assignment,
                applying
                for suspension of business or rectification, voluntary dissolution,
                voluntary bankruptcy and other activities which are enough to cause
                changes to the creditor's rights and liabilities herein or which
                are
                enough to influence the realization of the Lender's creditor's rights,
                the
                Borrower shall not carry out the foregoing activities unless it notifies
                the Lender in written form in advance and concurrently makes certain
                of
                its performance of debt or fulfills its repayment obligations in
                advance.

            

    

     

    
      	8.	
              Save
                as provided in the above item 7 of this Article, where the Borrower
                is
                under any such other circumstances which will exert great detrimental
                effects on its fulfillment obligations of repayment hereunder as
                suspension of business, discontinuation of business, cancellation
                of
                registration, cancellation of business license, or where its legal
                representative or major principals are involved in illegal activities,
                the
                Borrower is involved in material lawsuits or arbitrations, or grave
                difficulties arise in its production operations, or deterioration
                happens
                in its financial condition, the Borrower shall forthwith send the
                Lender a
                written notice thereof and shall made certain of the protective measures
                of creditor's rights accepted by the Lender.

            

    

     

    
      	9.	
              Where
                the Borrower provides a warranty for other person's liabilities or
                provides a mortgage or pledge to a third party with its principal
                properties which may influence its repayment capacity hereunder,
                the
                Borrower shall send the Lender a written notice thereof and shall
                obtain
                consent thereof from the Lender. 

            

    

     

    
      	10.	
              The
                Borrower and its investors shall not, without approval, withdraw
                their
                capital, transfer their assets, or assign their shares to evade their
                liabilities to the Lender.

            

    

     

    
      	11.	
              Where
                there is any change to the name, legal representative, address or
                the
                scope of business of the Borrower, the Borrower shall send a written
                notice thereof to the Lender in time.

            

    

     

    
      	12.	
              Where
                the assuror hereunder is under any of the following circumstances
                such as
                suspension of business, discontinuation of business, cancellation
                of
                registration, cancellation of business license, bankruptcy and poor
                operation, or the assuror loses part or all its corresponding warranty
                capacity relating to this Contract, or the property mortgaged, the
                property pledged for the loan hereunder, or the value of the rights
                pledged decrease, the Borrower shall provide other warranty measures
                in
                time accepted by the Lender. 

            

    

     

    
      	13.	
              The
                Borrower shall assume such expenses for lawyer's service, insurance,
                transportation, evaluation, registration, custody, appraisal and
                notarization fees relevant to this Contract and the warrant
                hereunder.

            

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Article
      5 Repayment
      before the maturity date

     

    Where
      the
      Borrower intends to repay the loan before the maturity date, it shall obtain
      consent from the Lender thereof. Where the Lender agrees the Borrower to repay
      the loan in advance, the interest of the loan repaid in advance shall be
      calculated in accordance with item
      2
      below:

     

    
      	
              1.

            	
              The
                interest thereof shall be calculated based on the term of loan and
                interest rate as agreed herein.

            

    

     

    
      	
              2.

            	
              The
                interest thereof shall be calculated on the basis of the interest
                rate as
                agreed herein.

            

    

     

    Article
      6 Liability for breach of contract

     

    
      	
              1.

            	
              Where
                the Lender fails to provide loan to the Borrower in full at the time
                agreed herein, thus causing losses to the Borrower, the Lender shall
                pay
                penalty for breach of contract to the Borrower on the basis of the
                total
                amount thereof and the number of days postponed, and the penalty
                shall be
                calculated in the same way as that of the interest of the overdue
                loan at
                the same term.

            

    

     

    
      	
              2.

            	
              Where
                the Borrower fails to repay the principal of the loan at the time
                as
                agreed herein, the Lender may charge a penalty interest for the overdue
                loan from the overdue date to the repayment date of all the principal
                and
                interest of the loan. And the penalty interest rate thereof shall
                increase
                by thirty
                percent
                (in words) on the basis of the interest rate as agreed herein. During
                the
                overdue period, where the loan is made in the currency of RMB and
                where
                the People's Bank of China increases the benchmark interest rate
                of RMB of
                the same term, the said penalty interest rate shall increase accordingly
                from the adjustment date of said benchmark interest
                rate.

            

    

     

    
      	
              3.

            	
              Where
                the Lender fails to use the loan as agreed, the Lender may charge
                a
                penalty interest for the part of loan of improper use from the date
                thereof to the repayment date of all the principal and interest of
                the
                loan. And the penalty interest rate thereof shall increase by fifty
                percent
                (in words) on the basis of the interest rate as agreed herein. During
                said
                overdue period, where the loan is made in the currency of RMB and
                where
                the People's Bank of China increases the benchmark interest rate
                of RMB of
                the same term, the said penalty interest rate shall increase
                correspondingly from the adjustment date of said benchmark interest
                rate.

            

    

     

    
      	
              4.

            	
              The
                Lender may collect a compound interest on the accrued interest in
                accordance with the provisions of the People's Bank of China. Said
                accrued
                interest shall consist of the accrued interest occurring during the
                term
                of loan (including the default interest for improper use) and the
                accrued
                interest occurring after overdue loan (including the default interest
                for
                overdue loan and the default interest for improper use).The Lender
                may,
                within the term of loan, charge a compound interest on the accrued
                interest occurring in the same term on the basis of interest rate
                as
                agreed. A compound interest shall be calculated on the basis of interest
                rate of overdue loan from the maturity date. And the compound interest
                for
                the accrued interest of overdue loan shall be counted on the basis
                of the
                interest rate thereof.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
              5.

            	
              Where
                the Borrower fails to fulfill its obligations hereunder, the Lender
                shall
                have the rights to require the Borrower to rectify such breach, stop
                to
                provide the loan agreed and take back the loan provided in advance,
                and it
                shall also have the right to declare that the loan under other loan
                contracts concluded between the Borrower and the Lender is due or
                adopt
                other protective measures of
                assets.

            

    

     

    
      	
              6.

            	
              Where
                any guarantor of the loan hereunder fails to fulfill its obligations
                herein, the Lender shall have the rights to stop to provide said
                loan to
                the Borrower, take back the loan provided or adopt other protective
                measures of assets.

            

    

     

    
      	
              7.

            	
              Where
                the Lender realizes its creditor's rights through lawsuit or arbitration
                due to breach of Contract by the Borrower, the Borrower shall be
                responsible to pay for all retainer fee, traveling expense and other
                expenses in realizing its creditor's rights which are paid by the
                Lender.
                

            

    

     

    Article
      7  Warranty

     

    The
      Parties hereto take guarantee as the warranty type herein, and a guarantee
      contract thereof shall be concluded otherwise. Where a maximum amount guarantee
      contract is adopted, the number of said contract shall be NO. 35905200900000003
      and
      35906200600004434.

     

    Article
      8  Settlement
      of disputes

     

    Where
      there are any disputes arising from the performance hereof, the Parties hereto
      may settle the dispute through negotiation, and they also may settle said
      disputes through the way provided in item
      1
      below.

     

    
      	
              1.

            	
              Lawsuit:
                The lawsuit shall be under jurisdiction of the people's court in
                the place
                where the Lender is located.

            

    

     

    
      	
              2.

            	
              Arbitration:
                The dispute may be submitted to _________ (full
                name of the arbitration authority) in accordance with its arbitration
                rules for arbitration.

            

    

     

    During
      the term of said lawsuit or arbitration, the Parties hereto shall continuously
      carry out the clauses hereof not involved in said disputes.

     

    Article
      9  Other
      provisions

     

      __________________________________________________________________________________________________________________

       

      __________________________________________________________________________________________________________________

       

      __________________________________________________________________________________________________________________

       

      __________________________________________________________________________________________________________________

       

      __________________________________________________________________________________________________________________

       

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    Article
      10  Validity
      of this Contract

     

    This
      Contract shall come into effect as of the date of signature or seal of this
      Contract by the Parties hereto. .

     

    Article
      11  Copies
      of this Contract

     

    This
      Contract is made in three
      copies
      with equal effect. Each Party hereto shall hold one of them, and each warrantor
      shall hold one of them.

     

    Article
      12  Prompts

     

    The
      Lender has reminded the Borrower of making all-round and correct understanding
      of the printed clauses of this Contract and has explained relevant clauses
      hereof upon the request of the Borrower. Both Parties hereto agree with the
      meaning of all the definitions and terms herein.

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              The
                Borrower (signature
                and seal)

               

              Huabao
                Mingxiang Foods Co., Ltd.

               

              Legal
                Representative or Authorized Agent 

               

              Liu
                Pengfei

            	
              The
                Lender (signature
                and seal)

               

              Shishi
                Subbranch, Agricultural Bank of China

               

              Principal
                or Authorized Agent

               

              Wu
                Weimin

               

            
	 	
               

              Date:
                April
                29, 2007

               

              Place:
                Shishi
                Subbranch, Agricultural Bank of
                China

            

    

     

    
      
        
        

      

      
        8Loan
      Contract

     

    Contract
      Serial Number: 35101200700004589

     

    The
      Borrower (Full Name) : Huabao Mingxiang Foods Co., Ltd.

     

    The
      Lender (Full
      Name) :
      Shishi
      Subbranch, Agricultural Bank of China

     

    This
      Contract is made and entered into by and between the Parties hereto through
      negotiation in accordance with relevant laws and regulations of
      China.

     

    Article
      1  Loan
      details

     

    1. Type
      of
      Loan: short-term working capital loan

     

    2. Use
      of
      Loan: for working capital

     

    3. Currency
      and
      Amount of Loan (In words) : RMB
      Three
Point
      Ninety-Nine
      Million Yuan

     

    4. Life
      of
      Loan: 

     

    
      	
            	(1)	
              Loan
                period is shown in the following
                table.

            

    

     

    
      	
              Drawdown

            	 	
              Maturity

            
	
              Date

            	 	
              Total Amount

            	 	
              Date

            	 	
              Total Amount

            
	
              
                June
                  3,

                2007

              

            	 	
              
                RMB3,990,000
                  

              

            	 	
              
                June
                  2,

                2008

              

            	 	
              
                RMB3,990,000

              

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

     

    (The
      additional schedules of this table constitute an integral part of this
      Contract.)

     

    
      	
            	(2)	
              Where
                there is any difference between the amounts of loan, the drawdown
                date and
                maturity date recorded in this Contract and the same in the loan
                voucher,
                the latter shall prevail. Said Loan voucher shall constitute an integral
                part of this Contract. Where
                the loan hereunder is made in foreign currency, the Borrower shall
                repay
                the principal and interest of said loan in original currency at the
                time
                as agreed.

            

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    5.        Floating
      interest rate

     

    The
      lending rate shall increase by 30%
      on the
      basis of the benchmark interest rate, i.e. effective annual interest rate is
      8.541%.
      The
      benchmark interest rate for a five-year loan or below shall be that of the
      loan
      at the same term declared by the People's Bank of China, and the benchmark
      interest rate for a loan above five-year shall be that of the loan at the same
      term declared by the People's Bank of China plus N/A
      (in
      words) percentage points.

     

    One
      cycle
      of interest rate adjustment shall last for three
      (in
      words) months. Where the benchmark interest rate of the money borrowed is
      adjusted by the People's Bank of China, the Lender shall, from the corresponding
      date of first month of the next circle after benchmark interest rate adjustment,
      adopt the new interest rate determined according to the adjusted benchmark
      interest rate for different term of loan and aforesaid calculating method,
      and
      the Lender may not notify the Borrower. Where the benchmark interest rate
      adjustment date is the same date as the disbursement date of the loan or the
      corresponding date of loan of the first month of said circle, the new interest
      rate shall be determined from the adjustment date of the benchmark interest
      rate. Where there is no corresponding date of loan, the last day of said month
      shall be deemed as the corresponding date of loan.

     

    6.        Settlement
      of interest

     

    The
      interest of the loan hereunder shall be settled on quarterly
      basis,
      and the interest settlement date shall be the 20th day of the last month in
      each
      quarter. The Borrower shall pay the interest on each interest settlement date.
      Where the last repayment date of the principal does not fall on an interest
      payment date, the unpaid interest shall be settled on the principal repayment
      date (interest rate per day = interest rate per month/30).

     

    
      	Article
              2	
              The
                Lender shall have the right to refuse to provide the loan hereunder
                until
                the following conditions are
                satisfied

            

    

     

    
      	
              1.

            	
              The
                Borrower has opened a basic account in the Lender's
                office.

            

    

     

    
      	
              2.

            	
              The
                Borrower has provided relevant documents and data required by the
                Lender
                and has gone through relevant procedures as
                required.

            

    

     

    
      	
              3.

            	
              For
                loan made in foreign currency, the Borrower has gone through relevant
                procedures for approval and registration and other procedures required
                by
                law in accordance with relevant
                provisions.

            

    

     

    
      	
              4.

            	
              Where
                there is a mortgage or pledge attached to the loan hereunder, the
                Borrower
                has gone through relevant legal procedures for registration and/or
                insurance as required by the Lender, and such mortgage or pledge
                or
                insurance shall be effective continuously. Where there is a guarantee
                attached to the loan hereunder, the contract of guaranty thereof
                has been
                executed and come into effect.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Article
      3  Rights
      and obligations of the Lender

     

    
      	1.	
              The
                Lender shall have the right to get to know information of the Borrower
                such as production operations, financing activities, goods and materials
                stock and use of loan. It shall also have the right to require the
                Borrower to provide documents such as its financial statements, other
                data
                and information on time. 

            

    

     

    
      	2.	
              Where
                the Borrower is under any of the following circumstances specified
                in Item
                7, Item 8 and Item 10 of Article 4 hereof (including but not limited
                to)
                which are enough to influence the security of loan, the Lender may
                stop to
                provide loan or take the loan back prior to the time limit as agreed.
                

            

    

     

    
      	3.	
              When
                taking back or taking back the principal, interest, default interest,
                compound interest of the loan and other expense payable from the
                Borrower
                prior to the time limit as agreed, the Lender may transfer said amount
                of
                money from any accounts of the Borrower.

            

    

     

    
      	4.	
              Where
                the money repaid by the Borrower is not enough for the repayment
                of the
                amount payable hereunder, the Lender may choose to repay the principal,
                interest, default interest, compound interest of said loan or other
                expenses with said amount of money.

            

    

     

    
      	5.	
              Where
                the Borrower fails to fulfill its repayment obligations, the Lender
                may
                openly disclose the Borrower's breach of the Contract.
                

            

    

     

    
      	6.	
              The
                Lender shall provide loan to the Borrower in full amount at the time
                as
                agreed herein.

            

    

     

    Article
      4  Rights
      and obligations of the Borrower

     

    
      	1.	
              The
                Borrower shall have the right to acquire and use the loan as agreed
                herein.

            

    

     

    
      	
              2.

            	
              The
                Borrower shall deal with the settlement and deposit affairs relevant
                to
                the loan hereunder through the account agreed in the Article 2 hereof.
                

            

    

     

    
      	
              3.

            	
              Where
                the loan hereunder is made in foreign currency, the Borrower shall
                go
                through relevant procedures for approval and registration and other
                procedures required by law in accordance with relevant provisions.
                

            

    

     

    
      	
              4.

            	
              The
                Borrower shall repay the principal and interest of the money borrowed
                at
                the time as agreed. Where the Borrower needs to renew this Contract,
                it
                shall submit a written application thereof to the Lender 15 days
                before
                the maturity date of the loan, and an extension contract thereof
                shall be
                concluded with the Lender upon the Lender's
                consent.

            

    

     

    
      	5.	
              The
                loan shall be used in the way as agreed herein, and shall not be
                illegally
                occupied or misappropriated. 

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	6.	
              The
                Borrower shall provide true, integrate and valid financial statements
                or
                other related data and information to the Lender on a monthly basis
                and
                shall actively cooperate with the Lender in examining its production
                operations, financing activities and its use of the loan hereunder.
                

            

    

     

    
      	7.	
              Before
                taking such activities as contracting, leasing, joint-stock system
                reform,
                merger, split-up, establishing, joint ventures, asset assignment,
                applying
                for suspension of business or rectification, voluntary dissolution,
                voluntary bankruptcy and other activities which are enough to cause
                changes to the creditor's rights and liabilities herein or which
                are
                enough to influence the realization of the Lender's creditor's rights,
                the
                Borrower shall not carry out the foregoing activities unless it notifies
                the Lender in written form in advance and concurrently makes certain
                of
                its performance of debt or fulfills its repayment obligations in
                advance.

            

    

     

    
      	8.	
              Save
                as provided in the above item 7 of this Article, where the Borrower
                is
                under any such other circumstances which will exert great detrimental
                effects on its fulfillment obligations of repayment hereunder as
                suspension of business, discontinuation of business, cancellation
                of
                registration, cancellation of business license, or where its legal
                representative or major principals are involved in illegal activities,
                the
                Borrower is involved in material lawsuits or arbitrations, or grave
                difficulties arise in its production operations, or deterioration
                happens
                in its financial condition, the Borrower shall forthwith send the
                Lender a
                written notice thereof and shall made certain of the protective measures
                of creditor's rights accepted by the Lender.

            

    

     

    
      	9.	
              Where
                the Borrower provides a warranty for other person's liabilities or
                provides a mortgage or pledge to a third party with its principal
                properties which may influence its repayment capacity hereunder,
                the
                Borrower shall send the Lender a written notice thereof and shall
                obtain
                consent thereof from the Lender. 

            

    

     

    
      	10.	
              The
                Borrower and its investors shall not, without approval, withdraw
                their
                capital, transfer their assets, or assign their shares to evade their
                liabilities to the Lender.

            

    

     

    
      	11.	
              Where
                there is any change to the name, legal representative, address or
                the
                scope of business of the Borrower, the Borrower shall send a written
                notice thereof to the Lender in time.

            

    

     

    
      	12.	
              Where
                the assuror hereunder is under any of the following circumstances
                such as
                suspension of business, discontinuation of business, cancellation
                of
                registration, cancellation of business license, bankruptcy and poor
                operation, or the assuror loses part or all its corresponding warranty
                capacity relating to this Contract, or the property mortgaged, the
                property pledged for the loan hereunder, or the value of the rights
                pledged decrease, the Borrower shall provide other warranty measures
                in
                time accepted by the Lender. 

            

    

     

    
      	13.	
              The
                Borrower shall assume such expenses for lawyer's service, insurance,
                transportation, evaluation, registration, custody, appraisal and
                notarization fees relevant to this Contract and the warrant
                hereunder.

            

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Article
      5 Repayment
      before the maturity date

     

    Where
      the
      Borrower intends to repay the loan before the maturity date, it shall obtain
      consent from the Lender thereof. Where the Lender agrees the Borrower to repay
      the loan in advance, the interest of the loan repaid in advance shall be
      calculated in accordance with item
      2
      below:

     

    
      	
              1.

            	
              The
                interest thereof shall be calculated based on the term of loan and
                interest rate as agreed herein.

            

    

     

    
      	
              2.

            	
              The
                interest thereof shall be calculated on the basis of the interest
                rate as
                agreed herein.

            

    

     

    Article
      6 Liability for breach of contract

     

    
      	
              1.

            	
              Where
                the Lender fails to provide loan to the Borrower in full at the time
                agreed herein, thus causing losses to the Borrower, the Lender shall
                pay
                penalty for breach of contract to the Borrower on the basis of the
                total
                amount thereof and the number of days postponed, and the penalty
                shall be
                calculated in the same way as that of the interest of the overdue
                loan at
                the same term.

            

    

     

    
      	
              2.

            	
              Where
                the Borrower fails to repay the principal of the loan at the time
                as
                agreed herein, the Lender may charge a penalty interest for the overdue
                loan from the overdue date to the repayment date of all the principal
                and
                interest of the loan. And the penalty interest rate thereof shall
                increase
                by thirty
                percent
                (in words) on the basis of the interest rate as agreed herein. During
                the
                overdue period, where the loan is made in the currency of RMB and
                where
                the People's Bank of China increases the benchmark interest rate
                of RMB of
                the same term, the said penalty interest rate shall increase accordingly
                from the adjustment date of said benchmark interest
                rate.

            

    

     

    
      	
              3.

            	
              Where
                the Lender fails to use the loan as agreed, the Lender may charge
                a
                penalty interest for the part of loan of improper use from the date
                thereof to the repayment date of all the principal and interest of
                the
                loan. And the penalty interest rate thereof shall increase by fifty
                percent
                (in words) on the basis of the interest rate as agreed herein. During
                said
                overdue period, where the loan is made in the currency of RMB and
                where
                the People's Bank of China increases the benchmark interest rate
                of RMB of
                the same term, the said penalty interest rate shall increase
                correspondingly from the adjustment date of said benchmark interest
                rate.

            

    

     

    
      	
              4.

            	
              The
                Lender may collect a compound interest on the accrued interest in
                accordance with the provisions of the People's Bank of China. Said
                accrued
                interest shall consist of the accrued interest occurring during the
                term
                of loan (including the default interest for improper use) and the
                accrued
                interest occurring after overdue loan (including the default interest
                for
                overdue loan and the default interest for improper use).The Lender
                may,
                within the term of loan, charge a compound interest on the accrued
                interest occurring in the same term on the basis of interest rate
                as
                agreed. A compound interest shall be calculated on the basis of interest
                rate of overdue loan from the maturity date. And the compound interest
                for
                the accrued interest of overdue loan shall be counted on the basis
                of the
                interest rate thereof.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
              5.

            	
              Where
                the Borrower fails to fulfill its obligations hereunder, the Lender
                shall
                have the rights to require the Borrower to rectify such breach, stop
                to
                provide the loan agreed and take back the loan provided in advance,
                and it
                shall also have the right to declare that the loan under other loan
                contracts concluded between the Borrower and the Lender is due or
                adopt
                other protective measures of
                assets.

            

    

     

    
      	
              6.

            	
              Where
                any guarantor of the loan hereunder fails to fulfill its obligations
                herein, the Lender shall have the rights to stop to provide said
                loan to
                the Borrower, take back the loan provided or adopt other protective
                measures of assets.

            

    

     

    
      	
              7.

            	
              Where
                the Lender realizes its creditor's rights through lawsuit or arbitration
                due to breach of Contract by the Borrower, the Borrower shall be
                responsible to pay for all retainer fee, traveling expense and other
                expenses in realizing its creditor's rights which are paid by the
                Lender.
                

            

    

     

    Article
      7  Warranty

     

    The
      Parties hereto take guarantee as the warranty type herein, and a guarantee
      contract thereof shall be concluded otherwise. Where a maximum amount guarantee
      contract is adopted, the number of said contract shall be NO. 35905200900000003
      and
      3590620060006207.

     

    Article
      8  Settlement
      of disputes

     

    Where
      there are any disputes arising from the performance hereof, the Parties hereto
      may settle the dispute through negotiation, and they also may settle said
      disputes through the way provided in item
      1
      below.

     

    
      	
              1.

            	
              Lawsuit:
                The lawsuit shall be under jurisdiction of the people's court in
                the place
                where the Lender is located.

            

    

     

    
      	
              2.

            	
              Arbitration:
                The dispute may be submitted to _________ (full
                name of the arbitration authority) in accordance with its arbitration
                rules for arbitration.

            

    

     

    During
      the term of said lawsuit or arbitration, the Parties hereto shall continuously
      carry out the clauses hereof not involved in said disputes.

     

    Article
      9  Other
      provisions

     

      __________________________________________________________________________________________________________________

       

      __________________________________________________________________________________________________________________

       

      __________________________________________________________________________________________________________________

       

      __________________________________________________________________________________________________________________

       

      __________________________________________________________________________________________________________________

       

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    Article
      10  Validity
      of this Contract

     

    This
      Contract shall come into effect as of the date of signature or seal of this
      Contract by the Parties hereto. .

     

    Article
      11  Copies
      of this Contract

     

    This
      Contract is made in three
      copies
      with equal effect. Each Party hereto shall hold one of them, and each warrantor
      shall hold one of them.

     

    Article
      12  Prompts

     

    The
      Lender has reminded the Borrower of making all-round and correct understanding
      of the printed clauses of this Contract and has explained relevant clauses
      hereof upon the request of the Borrower. Both Parties hereto agree with the
      meaning of all the definitions and terms herein.

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              The
                Borrower (signature
                and seal)

               

              Huabao
                Mingxiang Foods Co., Ltd.

               

              Legal
                Representative or Authorized Agent 

               

              Liu
                Pengfei

            	
              The
                Lender (signature
                and seal)

               

              Shishi
                Subbranch, Agricultural Bank of China

               

              Principal
                or Authorized Agent

               

              Wu
                Weimin

               

            
	 	
               

              Date:
                June
                3, 2007

               

              Place:
                Shishi
                Subbranch, Agricultural Bank of
                China

            

    

     

    
      
        
        

      

      
        8

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