Loan Agreement between Shandong Xiangrui and China Everbright Bank, Qingdao Jiaozhou Branch, dated April 16, 2012, for a RMB 20 million loan

Contract No.: Guan Yin Jiao Yin Zi No.  ###-###-####

Loan Amount (RMB): RMB 20,000,000 Yuan

Purpose of the Loan: payment to vendor

Contract Term: 6 months, from April 16, 2012 to October 16, 2012

Interest Rate:

The processing fee is 0.05%;

Shandong Xiangrui is required to deposit 50% of the loan amount as restricted cash

No interest during the 6 month loan period

Penalty interest rate for delayed repayment: 0.05% per day

Guarantee

Ruixing Group provided a guarantee for this loan

Shandong Xiangrui used its land use rights as collateral for this loan, the collateral agreement # 2011076