Share Transfer Agreement

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

Party A: /s/ Zhao Ming
Date: September 13th, 2007

Party B: /s/ Shanxi Putai Resources Group Co., Ltd.
Date: September 13th, 2007