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

Exhibit 10.10

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

Main contents:

• Contract No.: ▇▇▇▇ ▇▇▇ Jiao Yin Zi No. 2011076

• 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