Share Transfer Agreement between Zhao Ming and Shanxi Putai Resources Group Co., Ltd. regarding Shanxi Puda Coal Group Co. Ltd.

Summary

This agreement is between Zhao Ming and Shanxi Putai Resources Group Co., Ltd. Zhao Ming agrees to transfer 72% of his 80% ownership in Shanxi Puda Coal Group Co. Ltd. to Shanxi Putai Resources Group for RMB 16,200,000. The payment is due within three months, and the transfer will be finalized once government approval is received. The agreement is effective upon signing by both parties and will be recorded with the relevant authorities.

EX-10.1 2 v088100_ex10-1.htm

Share Transfer Agreement

Transferor: Zhao Ming (hereinafter Party A)

Transferee: Shanxi Putai Resources Group Co., Ltd. (hereinafter Party B)

WHEREAS, Party A and Party B have been discussing certain arrangements

that Party A transfers its stock ownership in Shanxi Puda Coal Group Co. Ltd. (“Shanxi Coal”) to Party B , the parties hereto agree as follows:

Now Party A agrees to transfer 72% among its total 80% stock ownership in Shanxi Coal, to Party B at a purchase price of RMB 16,200,000. Party B will pay the purchase price within three months of the execution of this agreement. The closing of the transfer will occur on the date a government approval or confirmation with respect to the transfer is received.

2.	This agreement is in triplicate. Each party has one copy, and one copy shall be recorded at the Administration of Industries and Commerce.

3.	This agreement becomes effective once both parties have signed it.

Party A: /s/ Zhao Ming

Date: September 13^th, 2007

Party B: /s/ Shanxi Putai Resources Group Co., Ltd.

Date: September 13^th, 2007