Exhibit 10.16


 


Loan Agreement


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd. (hereinafter referred to as Party A)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd. (hereinafter referred to as Party B)


 


In order to support the
project construction of Party B, Party A and Party B, with the consent of Khorchin government, reach and observe together the following
agreement on the basis of fairness, voluntariness and negotiation.


 


I. Party B borrows from
Party A a loan of RMB two million (¥2,000,000.00) for the purpose of project construction.


 


II. Time limit of the loan:
from the date of payment to September 30, 2009. Upon the expiration of the time limit, Party B guarantees to repay the loan in
a lump sum.


 


III. Party B is obliged
to repay to Party A the loan in accordance with this Agreement. If Party B fails to repay as scheduled, Party A will charge Party
B interests according to the current lending overdue interest rate of bank.


 


IV. In order to guarantee
that such loan will be recovered normally, Party A agrees to mortgage with the construction-in-progress of Party B (no encumbrance).
See the construction-in-progress investment breakdown for details. If Party B fails to pay the loan as scheduled, Party B agrees
that Party A may dispose of such construction-in-progress as is listed in the breakdown.


 


V. The place of execution
of this Agreement is Tongliao Khorchin. Any matter uncovered herein may be agreed by both parties otherwise.


 


VI. This Agreement is in
three originals, one for Party A, Party B and Khorchin Bureau of Finance respectively. This Agreement will come into force as of
date of execution.


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd.


Party A’s Representative:


Tongliao Khorchin State-owned Assets Operation
Co., Ltd. (Seal)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd.


Party B’s Representative:


Tongliao Tongyu Aluminum Industry Joint-stock
Co., Ltd. (Seal)


 


May 12, 2009




 






    	 



    	 



    
   


Loan Agreement


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd. (hereinafter referred to as Party A)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd. (hereinafter referred to as Party B)


 


In order to support the
project construction of Party B, Party A and Party B, with the consent of Khorchin government, reach and observe together the following
agreement on the basis of fairness, voluntariness and negotiation.


 


I. Party B borrows from
Party A a loan of RMB two million (¥2,000,000.00) for the
purpose of project construction.


 


II. Time limit of the loan:
from the date of payment to September 30, 2009. Upon the expiration of the time limit, Party B guarantees to repay the loan in
a lump sum.


 


III. Party B is obliged
to repay to Party A the loan in accordance with this Agreement. If Party B fails to repay as scheduled, Party A will charge Party
B interests according to the current lending overdue interest rate of bank.


 


IV. In order to guarantee
that such loan will be recovered normally, Party A agrees to mortgage with the construction-in-progress of Party B (no encumbrance).
See the construction-in-progress investment breakdown for details. If Party B fails to pay the loan as scheduled, Party B agrees
that Party A may dispose of such construction-in-progress as is listed in the breakdown.


 


V. The place of execution
of this Agreement is Tongliao Khorchin. Any matter uncovered herein may be agreed by both parties otherwise.


 


VI. This Agreement is in
three originals, one for Party A, Party B and Khorchin Bureau of Finance respectively. This Agreement will come into force as of
date of execution.


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd.


Party A’s Representative:


Tongliao Khorchin State-owned Assets Operation
Co., Ltd. (Seal)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd.


Party B’s Representative:


Tongliao Tongyu Aluminum Industry Joint-stock
Co., Ltd. (Seal)


 


May 15, 2009




 






    	 



    	 



    
   


Loan Agreement


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd. (hereinafter referred to as Party A)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd. (hereinafter referred to as Party B)


 


In order to support the
production and development of Party B, Party A and Party B, with the consent of Khorchin government, reach and observe together
the following agreement on the basis of fairness, voluntariness and negotiation.


 


I. Party B borrows from
Party A a loan of RMB two million (¥2,000,000.00) for the purpose of production.


 


II. Time limit of the loan:
from the date of payment to September 30, 2009. Upon the expiration of the time limit, Party B guarantees to repay the loan in
a lump sum.


 


III. Party B is obliged
to repay to Party A the loan in accordance with this Agreement. If Party B fails to repay as scheduled, Party A will charge Party
B interests according to the current lending overdue interest rate of bank.


 


IV. In order to guarantee
that such loan will be recovered normally, Party A agrees to mortgage with the construction-in-progress of Party B (no encumbrance).
See the construction-in-progress breakdown for details. If Party B fails to pay the loan as scheduled, Party B agrees that Party
A may dispose of such construction-in-progress.


 


V. The place of execution
of this Agreement is Tongliao Khorchin. Any matter uncovered herein may be agreed by both parties otherwise.


 


VI. This Agreement is in
three originals, one for Party A, Party B and Khorchin Bureau of Finance respectively. This Agreement will come into force as of
date of execution.


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd.


Party A’s Representative:


Tongliao Khorchin State-owned Assets Operation
Co., Ltd. (Seal)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd.


Party B’s Representative:


Tongliao Tongyu Aluminum Industry Joint-stock
Co., Ltd. (Seal)


 


May 19, 2009


 








    	 



    	 



    
   


Loan Agreement


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd. (hereinafter referred to as Party A)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd. (hereinafter referred to as Party B)


 


In order to support the
production and development of Party B, Party A and Party B, with the consent of Khorchin government, reach and observe together
the following agreement on the basis of fairness, voluntariness and negotiation.


 


I. Party B borrows from
Party A a loan of RMB two million (¥2,000,000.00) for the purpose of production.


 


II. Time limit of the loan:
from the date of payment to September 30, 2009. Upon the expiration of the time limit, Party B guarantees to repay the loan in
a lump sum.


 


III. Party B is obliged
to repay to Party A the loan in accordance with this Agreement. If Party B fails to repay as scheduled, Party A will charge Party
B interests according to the current lending overdue interest rate of bank.


 


IV. In order to guarantee
that such loan will be recovered normally, Party A agrees to mortgage with the construction-in-progress of Party B (no encumbrance).
See the construction-in-progress breakdown for details. If Party B fails to pay the loan as scheduled, Party B agrees that Party
A may dispose of such construction-in-progress.


 


V. The place of execution
of this Agreement is Tongliao Khorchin. Any matter uncovered herein may be agreed by both parties otherwise.


 


VI. This Agreement is in
three originals, one for Party A, Party B and Khorchin Bureau of Finance respectively. This Agreement will come into force as of
date of execution.


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd.


Party A’s Representative:


Tongliao Khorchin State-owned Assets Operation
Co., Ltd. (Seal)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd.


Party B’s Representative:


Tongliao Tongyu Aluminum Industry Joint-stock
Co., Ltd. (Seal)


 


May 21, 2009


 








    	 



    	 



    
   


Loan Agreement


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd. (hereinafter referred to as Party A)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd. (hereinafter referred to as Party B)


 


In order to support the
production and development of Party B, Party A and Party B, with the consent of Khorchin government, reach and observe together
the following agreement on the basis of fairness, voluntariness and negotiation.


 


I. Party B borrows from
Party A a loan of RMB eight million (¥8,000,000.00) for
the purpose of production.


 


II. Time limit of the loan:
from the date of payment to June 02, 2010. Upon the expiration of the time limit, Party B guarantees to repay the loan in a lump
sum.


 


III. Party B is obliged
to repay to Party A the loan in accordance with this Agreement. If Party B fails to repay as scheduled, Party A will charge Party
B interests according to the current lending overdue interest rate of bank.


 


IV. In order to guarantee
that such loan will be recovered normally, Party A agrees to mortgage with the construction-in-progress of Party B (no encumbrance).
See the construction-in-progress breakdown for details. If Party B fails to pay the loan as scheduled, Party B agrees that Party
A may dispose of such construction-in-progress.


 


V. The place of execution
of this Agreement is Tongliao Khorchin. Any matter uncovered herein may be agreed by both parties otherwise.


 


VI. This Agreement is in
three originals, one for Party A, Party B and Khorchin Bureau of Finance respectively. This Agreement will come into force as of
date of execution.


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd.


Party A’s Representative:


Tongliao Khorchin State-owned Assets Operation
Co., Ltd. (Seal)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd.


Party B’s Representative:


Tongliao Tongyu Aluminum Industry Joint-stock
Co., Ltd. (Seal)


 


June 03, 2009




 






    	 



    	 



    
   


Loan Agreement


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd. (hereinafter referred to as Party A)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd. (hereinafter referred to as Party B)


 


In order to support the
production and development of Party B, Party A and Party B, with the consent of Khorchin government, reach and observe together
the following agreement on the basis of fairness, voluntariness and negotiation.


 


I. Party B borrows from
Party A a loan of RMB five million (¥5,000,000.00) for the
purpose of production.


 


II. Time limit of the loan:
from the date of payment to August 02, 2010. Upon the expiration of the time limit, Party B guarantees to repay the loan in a lump
sum.


 


III. Party B is obliged
to repay to Party A the loan in accordance with this Agreement. If Party B fails to repay as scheduled, Party A will charge Party
B interests according to the current lending overdue interest rate of bank.


 


IV. In order to guarantee
that such loan will be recovered normally, Party A agrees to mortgage with the construction-in-progress of Party B (no encumbrance).
See the construction-in-progress breakdown for details. If Party B fails to pay the loan as scheduled, Party B agrees that Party
A may dispose of such construction-in-progress.


 


V. The place of execution
of this Agreement is Tongliao Khorchin. Any matter uncovered herein may be agreed by both parties otherwise.


 


VI. This Agreement is in
three originals, one for Party A, Party B and Khorchin Bureau of Finance respectively. This Agreement will come into force as of
date of execution.


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd.


Party A’s Representative:


Tongliao Khorchin State-owned Assets Operation
Co., Ltd. (Seal)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd.


Party B’s Representative:


Tongliao Tongyu Aluminum Industry Joint-stock
Co., Ltd. (Seal)


 


August 03, 2009




 






    	 



    	 



    
   


Loan Agreement


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd. (hereinafter referred to as Party A)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd. (hereinafter referred to as Party B)


 


In order to support the
production and development of Party B, Party A and Party B, with the consent of Khorchin government, reach and observe together
the following agreement on the basis of fairness, voluntariness and negotiation.


 


I. Party B borrows from
Party A a loan of RMB one million five hundred thousand (¥1,500,000.00) for the purpose of production.


 


II. Time limit of the loan:
from the date of payment to October 31, 2009. Upon the expiration of the time limit, Party B guarantees to repay the loan in a
lump sum.


 


III. Because such loan takes
up the employee identification replacement funds of other enterprise transformation, Party B must repay it when it becomes due
and payable, or all consequences must be borne by Party B.


 


IV. The place of execution
of this Agreement is Tongliao Khorchin.


 


V. This Agreement is in
three originals, one for Party A, Party B and Khorchin Bureau of Finance respectively. This Agreement will come into force as of
date of execution.


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd.


Party A’s Representative:


Tongliao Khorchin State-owned Assets Operation
Co., Ltd. (Seal)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd.


Party B’s Representative:


Tongliao Tongyu Aluminum Industry Joint-stock
Co., Ltd. (Seal)


 


September 29, 2009


 








    	 



    	 



    
   


Loan Agreement


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd. (hereinafter referred to as Party A)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd. (hereinafter referred to as Party B)


 


In order to support the
production and development of Party B, Party A and Party B, with the consent of Khorchin government, reach and observe together
the following agreement on the basis of fairness, voluntariness and negotiation.


 


I. Party B borrows from
Party A a loan of RMB one million (¥1,000,000.00) for the purpose of project construction.


 


II. Time limit of the loan:
from the date of payment to December 20, 2010. Upon the expiration of the time limit, Party B guarantees to repay the loan in a
lump sum.


 


III. Party B is obliged
to repay to Party A the loan in accordance with this Agreement. If Party B fails to repay as scheduled, Party A will, as of the
date of borrowing, charge Party B interests according to the current lending overdue interest rate of bank.


 


IV. In order to guarantee
that such loan will be recovered normally, Party A agrees to mortgage with the construction-in-progress of Party B (no encumbrance).
See the construction-in-progress investment breakdown for details. If Party B fails to pay the loan as scheduled, Party B agrees
that Party A may dispose of such construction-in-progress as is listed in the breakdown.


 


V. The place of execution
of this Agreement is Tongliao Khorchin. Any matter uncovered herein may be agreed by both parties otherwise.


 


VI. This Agreement is in
three originals, one for Party A, Party B and Khorchin Bureau of Finance respectively. This Agreement will come into force as of
date of execution.


 


Party A: Tongliao Khorchin State-owned Assets
Operation Co., Ltd.


Party A’s Representative:


Tongliao Khorchin State-owned Assets Operation
Co., Ltd. (Seal)


 


Party B: Tongliao Tongyu Aluminum Industry
Joint-stock Co., Ltd.


Party B’s Representative:


Tongliao Tongyu Aluminum Industry Joint-stock
Co., Ltd. (Seal)


 


June 22, 2010