DUE FROM RELATED COMPANY
of December 31, 2011 and 2010, the Company had outstanding loan to a related company of $101,138 and $0, respectively. The loan
is made to Guang Dong Xin Sheng Environmental Protection Company Limited (GDXS), in which Mr. Pu, the Chairman of
the Board, has equity interests. All amounts are payable on demand, do not bear interest, and are made in good faith.