Document:

Unassociated Document

    

    Exhibit
10.57

    

    Agreement
No.: YHZL (09) 02ZL024-BZ002

     

    Guarantee
Agreement

    

    among

    

    AVIC I
International Leasing Co., Ltd.

    

    The
Creditor

    

    Henan
Shuncheng Group Coal Coke Co., Ltd.

    

    the
Debtor

    

    and

    

    Anyang
County Bailianpo Coal Co. Ltd.

    

    the
Guarantor

    

    Date:
November 3rd,
2009

    

    In
Shanghai, PRC

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Guarantee
Agreement

    

    This
Guarantee Agreement (the "Agreement") is entered into on November 3rd, 2009
in Shanghai by and between:

    

    The
Creditor (the Lessor): AVIC I International Leasing Co., Ltd.

    Legal
Representative: Zhang Yu'an

    Legal
Address: 23 Floor, 212 Jiangning Road, Jing'an District, Shanghai
City.

    Telephone:
021-52895388

    Fax:
021-52895389

    Postcode:
200041

    

    The
Debtor (the Lessee): Henan Shuncheng Group Coal Coke Co., Ltd.

    Legal
Representative: Wang Xinshun

    Registered
Address: South Industry Road, Tongye Town, Anyang County, Henan
Province.

    Legal
Address: South Industry Road, Tongye Town, Anyang County, Henan
Province.

    Telephone
and Fax: 0372-3206721

    Postcode:
455000

    

    The
Guarantor: Anyang County Bailianpo Coal Co., Ltd

    Legal
Representative: Cheung Tsun Sheng

    Registered
Address: North Tongye Town, Anyang County

    Residential
location: North Tongye Town, Anyang County

    Telephone:

    Postcode:
455000

    

    WHEREAS,

    

    
      	
              (1)

            	
              The
      Creditor (the Lessor) and the Debtor (the Lessee) entered into a Financial
      Leasing Agreement (the "Leasing Agreement") with the reference number of
      YHZL(09)02ZL024 on November 3rd,
      2009, according to the leasing list attached under such Leasing Agreement
      (the Leasing Agreement and the leasing list are collectively referred as
      the "Lease"), the Creditor (the Lessor) agreed to provide the Debtor (the
      Lessee) with the financing leasing service in accordance with the
      Lease.

            

    

    

    
      	
              (2)

            	
              The
      Guarantors agree to provide, and the Creditor (the Lessor / the Trustor)
      agrees to accept the guarantee provided by the Guarantors under the terms
      and conditions hereunder:

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    With
regard to the aforesaid guarantee, the parties reach the terms as
follows:

    

    
      	
              1.

            	
              Mode
      of Guarantee

            

    

    

    
      	
              1.1

            	
              The
      Guarantors guarantee that the Debtor (the Lessee) will duly perform all of
      its obligations under the Lease, the mode of guarantee provided by the
      Guarantors is unlimited joint liability
  guarantee.

            

    

    
      	
              1.2

            	
              The
      Creditor (the Lessor) is entitled to request any Guarantor to perform all
      the guarantee liabilities, without any prior claim to the Debtor (the
      Lessee) by any means, including but not limited to notice, claim on site,
      or lodge or come into any legal
procedure.

            

    

    

    
      	
              2.

            	
              Scope
      of Liability of the Guarantors

            

    

    

    
      	
              2.1

            	
              The
      scope of guarantee of the Guarantors is all the debts owed by the Debtor
      (the Lessee) to the Creditor (the Lessor) under the Lease, including but
      not limited to the following:

            

    

    
      	
               
      

            	
              1)

            	
              All
      payable lease amounts (including but not limited to all the rent,
      guarantee money, lease management fee for each period, good price in name,
      insurance fee and all the proportion of payable amount increased at times
      according to the Lease) with the total amount of RMB Seventy-three
      Million One Hundred and Thirty-four Thousand Five Hundred and Ten Yuan and
      Fifty-Seven Cents (¥73,134,510.57).

            

    

    
      	
               
      

            	
              2)

            	
              Delay
      of performance penalty;

            

    

    
      	
               
      

            	
              3)

            	
              Compensation
      for damages;

            

    

    
      	
               
      

            	
              4)

            	
              Expenses
      of the Creditor (the Lessor) for ensuring or enforcing its rights and
      interests;

            

    

    
      	
               
      

            	
              5)

            	
              The
      payment or other obligation of any nature that shall be assumed by the
      Debtor (the Lessee) to the Creditor (the Lessor) if the Lease is
      terminated in advance (except the repayment in advance as provided in the
      Lease), became invalid or cannot be executed for any
    reason.

            

    

    

    
      	
              2.2

            	
              With
      regard to the guarantee provided under this Agreement, the Guarantors has
      fully read and understood the Lease, the Lease Agreement (with the
      reference number of YHZL(09)02ZL024) and all the obligations and
      liabilities of the Debtor (the Lessee) under the Lease and the Lease
      Agreement (with the reference number of
  YHZL(09)02ZL024).

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              3.

            	
              Performance
      of Guarantee Liability

            

    

    

    If the
Debtor (the Lessee) fails to perform any debt according to the Lease, the
Guarantors shall perform the debt with unlimited joint liability.  If
such debt is not monetary debt and it cannot be performed by the Guarantors, the
Guarantors shall compensate all the damages of the Lessor subject to such
failure of performance.  If the Debtor (the Lessee) fails to pay the
rents or other payable amounts to the Creditor (the Lessor) according to the
schedule, amount and currency provided in the Lease, the Creditor (the Lessor)
is entitled to directly request any Guarantor to pay off such
amount  to the Creditor (the Lessor) immediately.  The
Creditor (the Lessor) only needs to send out a performance notice to the
Guarantors for the performance of the guarantee liabilities of the Guarantors
under this Agreement.  Within (3) days after the receipt of such
performance notice, the Guarantors shall fulfill the guarantee liabilities to
the Creditor (the Lessor) based on such performance notice.  If the
Guarantors delay to fulfill the guarantee liabilities, the Guarantors shall pay
the delay of performance penalty to the Creditor (the Lessor).  The
delay of performance penalty shall be calculated on the basis of the delayed
amount and the delayed days between the agreed payment day and the actual
payment day, with 0.1% of the delayed amount for each delayed day.

    

    
      	
              4.

            	
              Representations
      and Warranties of the Guarantors

            

    

    

    The
Guarantors hereby represents and warrants that:

    
      	
              1)

            	
              The
      Guarantor Anyang County Bailianpo Coal Co Ltd is a legally registered and
      valid enterprise in People’s Republic of China, its registered license
      number is 4105221000020;

            

    

    
      	
              2)

            	
              The
      Guarantors have the right to enter into and perform this Guarantee
      Agreement, this Agreement shall constitute the legal, valid and
      enforceable obligations of the
Guarantors;

            

    

    
      	
              3)

            	
              The
      execution and performance of this Guarantee Agreement will not violate the
      articles of association of the Guarantors, laws, regulations and other
      binding agreements or documents to the
  Guarantors.

            

    

    
      	
              4)

            	
              If
      any defect of the qualification or the approval procedures for the
      guarantee causes any damage to the Creditors (the Lessor), such damage
      shall be fully compensated by the
Guarantors.

            

    

    
      	
              5)

            	
              The
      Guarantors will not claim any right of recourse to the Debtor (the Lessee)
      for the performance of guarantee obligation before the Debtor (the Lessee)
      pays off all the debt.

            

    

    

    
      	
              5.

            	
              Term
      of Guarantee

            

    

    

    The term
of guarantee under this Agreement shall commence on the effective date of the
Leasing Agreement until two years after the expiration date of the performance
period of the debts under the Lease.

    

    
      	
              6.

            	
              Effectiveness
      of Guarantee

            

    

    

    
      	
              6.1

            	
              This
      guarantee is an unconditional and irrevocable guarantee, the effectiveness
      of the guarantee will not be affected by any of the following
      issues:

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              1)

            	
              The
      change of name, address, articles of associations, legal representative,
      business scope, nature of enterprise and other related changes of the
      parties in this Agreement;

            

    

    
      	
               
      

            	
              2)

            	
              Any
      merger, spin-off, shut down, revocation, dissolution, or bankruptcy of the
      Debtor (the Lessee) and the
Guarantors;

            

    

    
      	
               
      

            	
              3)

            	
              Any
      changes of the Lease conducted by the Creditor (Lessor) and the Debtor
      (the Lessee) which will not increase any liabilities under this
      Agreement.

            

    

    
      	
               
      

            	
              4)

            	
              The
      Creditor (Lessor) obtains other guarantee from the Debtor (the Lessee) or
      other parties.

            

    

    

    
      	
              6.2

            	
              If
      the Lease or the transfer Agreement became invalid or be terminated which
      is caused by the fault of the Debtor (the Lessee), the Guarantors will
      assume the compensation liabilities for all the losses of the Creditor
      (the Lessor).

            

    

    

    
      	
              7.

            	
              Assignment

            

    

    

    
      	
              7.1

            	
              Without
      written consent of the Creditor (the Lessor), the Guarantors shall not
      assign this Agreement or any of their rights or obligations under this
      Agreement to any party.

            

    

    

    
      	
              7.2

            	
              The
      Creditor (the Lessor) may assign the Lease or its creditor's right under
      the Lease to any third party without any consent of the
      Guarantors.  The Guarantors shall assume the joint guarantee
      liability to the assignee according to the terms under this
      Agreement.

            

    

    

    
      	
              8.

            	
              Correspondence

            

    

    

    
      	
              8.1

            	
              Any
      notices or other communications shall be sent to the addresses of relevant
      parties as of the addresses first hereinabove set
  forth.

            

    

    

    
      	
              8.2

            	
              The
      Guarantors agree to promptly notice the Creditor (the Lessor) any of the
      following cases:

            

    

    
      	
               
      

            	
              1)

            	
              Change
      of business scope of the
Guarantors;

            

    

    
      	
               
      

            	
              2)

            	
              Close
      down of the Guarantors;

            

    

    
      	
               
      

            	
              3)

            	
              The
      property of the Guarantors are preserved or enforced, and such status is
      not relieved within 7 days;

            

    

    
      	
               
      

            	
              4)

            	
              The
      Guarantors transfer all of their assets or all of its material
      assets;

            

    

    
      	
               
      

            	
              5)

            	
              The
      equity interest or the controller of the Guarantors changes
      materially;

            

    

    
      	
               
      

            	
              6)

            	
              The
      Guarantors is under any litigation, arbitration or administrative
      procedures instituted by other party, of which if the final decision is
      adverse, the capacity of the Guarantors to perform this Agreement will be
      materially affected.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              9.

            	
              Governing
      Law

            

    

    

    This
Agreement shall be governed by and construed according to the laws of
PRC.  Any dispute related to this Agreement shall be first settled by
friendly negotiation between the parties.  If a settlement cannot be
reached, it shall be submitted to the court of jurisdiction in the legal address
of the Creditor (the Lessor) (Jingan District, Shanghai City).

    

    
      	
              10.

            	
              Miscellaneous

            

    

    

    
      	
              10.1

            	
              This
      Agreement is valid to the parties and the successors and assignees of the
      parties.

            

    

    

    
      	
              10.2

            	
              The
      Agreement will be effective after satisfying the following
      conditions:

            

    

    

    
      	
               
      

            	
              (1)

            	
              signing
      and stamping, and completing notarization procedures by legal
      representative or authorized agents of all
  parties.

            

    

    
      	
               
      

            	
              (2)

            	
              The
      creditor has received resolution of board of directors of the guarantor
      consenting this Agreement.

            

    

    

    This
Agreement shall be executed in six original copies; all of which together
constitute one of the same instrument.  Each original copy is equally
valid.

    

    
      	
              10.3

            	
              This
      Agreement constitutes the full and entire agreement between the parties
      with regard to the subject matters hereof and thereof and supersede all
      previous oral and written agreements, Agreements, understandings and
      communications of the Parties in respect of the subject matter of this
      Agreement.

            

    

    

    
      	
              10.4

            	
              This
      Agreement may be amended only by written documents entered into by the
      parties.

            

    

    

    
      	
              10.5

            	
              The
      Guarantors agree to provide their audited annual final reports to the
      Creditor (the Lessor) within 10 days after the issuance of each audited
      annual final reports in each fiscal year according to the requirement of
      the Creditor (the Lessor).

            

    

    

    
      	
              10.6

            	
              If
      the Guarantors fail to perform any of the obligations under this Agreement
      of the Lease, the Creditor (the Lessor) may submit such information to any
      credit information institution or credit rating institution without any
      consent of the Guarantors or any notice to the Guarantors by any
      means.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              10.7

            	
              This
      Agreement shall be conducted with enforceable
      notarization.  After enforceable notarization is conducted to
      this Agreement by the parties, if the Creditor / Guarantors fail to
      perform or fail to fully perform the obligations under this Agreement, the
      Creditor is entitled to apply the enforcement certificate with the notary
      public office and apply for enforcement with court of jurisdiction
      according to the notarial deed and the enforcement certificate; the
      Guarantors agree to accept such enforcement.  The expenses for
      the notarization will be assumed by the Debtor and paid to the Creditor on
      the date this Agreement is entered
into.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (Signature
Page)

    

    IN
WITNESS WHEREOF the parties have signed this Agreement as of the date first
hereinabove set forth.

    

    The
Creditor (the Lessor): AVIC I International Leasing Co., Ltd.
(Stamp)

    [Stamp of
AVIC I International Leasing Co., Ltd. sealed here]

    (Signature):  /s/
Zhao Changwei

    Title:

    Date:

    

    The
Debtor (the Lessee): Henan Shuncheng Group Coal Coke Co., Ltd.
(Stamp)

    [Stamp of
Henan Shuncheng Group Coal Coke Co., Ltd.. sealed here]

    (Signature):  /s/
Wang Xinshun

    Title:

    Date:
November 3rd,
2009

    

    The
Guarantor: Anyang County Bailianpo Coal Co. Ltd.

    

    (Signature):__________________
[Signature] [illegible]

    Date:
November 3rd,
2009Unassociated Document

    Exhibit
10.58

    

    Agreement
No.: YHZL (09) 02ZL024-ZY001

    

    Equity
Pledge Agreement

    

    between

    

    AVIC I
International Leasing Co., Ltd.

    

    (the
Pledgee)

    

    and

    

    Henan
Shuncheng Group Coal Coke Co., Ltd.

    

    (the
Pledgor)

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Equity
Pledge Agreement

    

    This
Equity Pledge Agreement (the "Agreement") is entered into on November 3rd, 2009
in Shanghai by and between:

    

    The
Pledgee (the Lessor): AVIC I International Leasing Co., Ltd.

    Legal
Representative: Zhang Yu'an

    Legal
Address: 23 Floor CATIC Tower, 212 Jiangning Road, Jing'an District, Shanghai
City.

    Telephone:
021-52895388

    Fax:
021-52895389

    Postcode:
200041

    

    The
Pledgor (the Lessee): Henan Shuncheng Group Coal Coke Co., Ltd.

    Legal
Representative: Wang Xinshun

    Registered
Address: Tongye Town North, Anyang County, Anyang City, Henan
Province.

    Legal
Address: Tongye Town North, Anyang County, Anyang City, Henan
Province.

    Telephone
and Fax: 0372-3206736

       0372-3206721

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    WHEREAS:

    

    
      	
              (1)

            	
              The
      Pledgor holds 9.27% of the equity in Anyang Commercial Bank Co. Ltd..
      and

            

    

    
      	
              (2)

            	
              No
      prohibition rule for equity transfer is specified in the articles of
      association of Anyang Commercial Bank Co.
Ltd..

            

    

    

    AVIC I
International Leasing Co., Ltd. (the Pledgee / Lessor), a company registered and
organized under the laws of PRC, with its current business address at 23rd Floor,
212 Jiangning Road, Jing'an District, Shanghai City.; and

    

    Henan
Shuncheng Group Coal Coke Co., Ltd. (Lessee), a company registered and organized
under the laws of PRC, with its current business address at Tongye Town North,
Anyang County, Anyang City, Henan Province.

    

    AVIC I
International Leasing Co., Ltd. (the Pledgee / Lessor) and Henan Shuncheng Group
Coal Coke Co., Ltd. (the Lessee) entered into a Financial Leasing Agreement (the
"Leasing Agreement", together with the leasing list under the Leasing Agreement
are collectively referred as the "Lease") with the reference number of YHZL (09)
02ZL024 on November 3rd, 2009,
the Pledgee (the Lessor) agreed to provide Henan Shuncheng Group Coal Coke Co.,
Ltd. (the Lessee) with the financing leasing service in accordance with the
Lease.

    

    In order
to ensure the performance of the Lease between the Pledgee (the Lessor) and
Henan Shuncheng Group Coal Coke Co., Ltd. (the Lessee), the Pledgor pledges all
of its equity in Anyang Commercial Bank Co. Ltd. for all the debts owed by Henan
Shuncheng Group Coal Coke Co., Ltd. (the Lessee) to the Pledgee (the
Lessor).

    

    In order
to perform the provisions in the Financial Leasing Agreement (with the reference
number of YHZL (09) 02ZL024) between the Pledgee and Henan Shuncheng Group Coal
Coke Co., Ltd. (the Lessee), through negotiation, the Pledgee (the Lessor) and
the Pledgor enter into this Agreement under the following terms.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        	
                1.

              	
                Definition

              

      

    

    

    Unless
otherwise stipulated in this Agreement, the following terms shall have the
meaning as follows:

    

    
      	
              1.1

            	
              Right
      of Pledge: means all the contents listed in Article 2 of this
      Agreement.

            

    

    

    
      	
              1.2

            	
              Pledged
      Equity: means the 9.27% of the equity in Anyang Commercial Bank Co. Ltd.
      that the Pledgor legally holds, which is 9.27% of all the equity in Anyang
      Commercial Bank Co. Ltd..

            

    

    

    
      	
              1.3

            	
              Period
      of Pledge: means the period provided in Article 4.1 of this
      Agreement.

            

    

    

    
      	
              1.4

            	
              Financing
      Leasing Agreement: means the Financial Leasing Agreement entered into by
      and between Henan Shuncheng Group Coal Coke Co., Ltd. (the Lessee) and the
      Pledgee (the Lessor) on _____, 2009 (with the reference number of YHZL
      (09) 02ZL024).

            

    

    

    
      	
              1.5

            	
              Event
      of Default: means any cases listed in Article 8 of this
      Agreement.

            

    

    

    
      	
              1.6

            	
              Notice
      of Default: means the notice that declaring the Event of Default sent by
      the Pledgee (the Lessor) in accordance with this
  Agreement.

            

    

    

    
      	
              2.

            	
              Pledge

            

    

    

    
      	
              2.1

            	
              The
      Pledgor pledges the 9.27% of the equity in Anyang Commercial Bank Co. Ltd.
      that it legally holds to the Pledgee (the Lessor), as a pledge guarantee
      for all the debts owed by Henan Shuncheng Group Coal Coke Co., Ltd. (the
      Lessee) to the Pledgee (the
Lessor).

            

    

    

    
      	
              2.2

            	
              The
      Right of Pledge means the Pledgee have the priority to get paid out of
      proceeds from sale, auction, and disposal of such
  Equity.

            

    

    

    
      	
              3.

            	
              Scope
      of Pledge Guarantee

            

    

    

    The scope
of pledge guarantee of the Pledgee is all creditor's right of the Pledgee (as
the Lessor) under the Lease, including but not limited to the
following:

    
      	
               
      

            	
              1)

            	
              All
      payable lease amounts (including but not limited to all the rent, lease
      management fee for each period, good price in name, insurance fee and all
      the proportion of payable amount increased at times according to the
      Lease) with the total amount of RMB Seventy-three
      Million One Hundred and Thirty-four Thousand Five Hundred and Ten Yuan and
      Fifty-seven Cent (¥73,134,510.57).

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              2)

            	
              Delay
      of performance penalty;

            

    

    
      	
               
      

            	
              3)

            	
              Compensation
      for damages;

            

    

    
      	
               
      

            	
              4)

            	
              Expenses
      of the Pledgee (the Lessor) for ensuring or enforcing its rights and
      interests;

            

    

    
      	
               
      

            	
              5)

            	
              The
      payment or other obligation of any nature that shall be assumed by Henan
      Shuncheng Group Coal Coke Co., Ltd. (the Lessee) to the Pledgee (the
      Lessor) if the Lease is terminated in advance (except the repayment in
      advance as provided in the Lease), became invalid or cannot be executed
      for any reason.

            

    

    

    
      	
              4.

            	
              Period
      of Pledge

            

    

    

    
      	
              4.1

            	
              The
      Period of Pledge under this Agreement shall commence on the effective date
      of the Leasing Agreement until two years after the expiration date of the
      performance period of the debts under the
Lease.

            

    

    

    
      	
              4.2

            	
              During
      the Period of Pledge, if Henan Shuncheng Group Coal Coke Co., Ltd. (the
      Lessee) fails to perform according to the provisions in the Financing
      Leasing Agreement, the Pledgee is entitled to dispose the Right of Pledge
      according to this Agreement and relevant PRC laws and
      regulations.

            

    

    

    
      	
              5.

            	
              Keeping
      of Certificate for Right of Pledge

            

    

    

    
      	
              5.1

            	
              During
      the Period of Pledge provided in this Agreement, the Pledgor shall sign or
      cause Anyang Commercial Bank Co. Ltd. to sign the capital contribution
      certificate and list of shareholders, and delivers such duly signed
      documents to the Pledgee.  The Pledgee will keep such documents
      during the Period of Pledge provided in this
  Agreement.

            

    

    

    
      	
              6.

            	
              Representations
      and Warranties of the Pledgor

            

    

    

    
      	
              6.1

            	
              The
      Pledgor is the legal owner of the Pledged Equity.  No
      prohibition rule for equity transfer is specified in the articles of
      association of Anyang Commercial Bank Co. Ltd., and such articles of
      association will not be amended by the board of shareholders of Anyang
      Commercial Bank Co. Ltd. to prohibit equity
  transfer.

            

    

    

    
      	
              6.2

            	
              The
      Pledgor is obligated to assist in conducting necessary registration issues
      for the equity pledge.

            

    

    

    
      	
              6.3

            	
              Whenever
      the Pledgee executes its right as the pledgee according to this Pledge
      Agreement, it will not be interposed by any other
  party.

            

    

    

    
      	
              6.4

            	
              The
      Pledgee is entitled to dispose and transfer the Right of Pledge according
      to this Agreement.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              6.5

            	
              Except
      the Pledgee, the Pledgor has not set any other pledge or encumbrance for
      any third party in the Pledge.

            

    

    

    
      	
              7.

            	
              Covenants
      of the Pledgor

            

    

    

    
      	
              7.1

            	
              During
      the valid period of this Agreement, the Pledgor covenants to the Pledgee
      that it will:

            

    

    
      	
              7.1.1

            	
              The
      Pledgor will not transfer the equity or set or allow any pledge or any
      other guarantee that may affect the right and interest of the Pledgee
      without prior written consent of the
Pledgee;

            

    

    
      	
              7.1.2

            	
              The
      Pledgor will comply with all the laws and regulations related to pledge of
      rights.  If the Pledgor receives any notice, instruction or
      advice regarding the Right of Pledge from relevant competent authority, it
      shall bring forth such notice, instruction or advice to the Pledgee within
      5 working days and comply such notice, instruction or advice or make
      comments or representations to such notice, instruction or advice
      according to the reasonable request or with consent of the
      Pledgee.

            

    

    
      	
              7.1.3

            	
              The
      Pledgor will promptly inform the Pledgee any event or notice it received
      that may affect the equity interest or any right on such equity interest
      or the performance of obligation by the Pledgor under this Agreement or
      change any warranties or obligations of the Pledgor under this
      Agreement.

            

    

    

    
      	
              7.2

            	
              The
      Pledgor agrees that the exercise of the right of Pledgee on the pledge
      under this Agreement shall not be interrupted or disturbed through legal
      proceedings by the Pledgor, the successor or the trustee of the Pledgor,
      or any other party.

            

    

    

    
      	
              7.3

            	
              The
      Pledgor covenants to the Pledgee that with regards to the pledge for all
      the debts owed by Henan Shuncheng Group Coal  Coke Co., Ltd.
      (the Lessee) to the Pledgee (the Lessor) under the Lease, the Pledgor will
      honestly sign and cause all other interested parties to sign all the
      entitlement certificate, deed required by the Pledgee, and / or perform
      and cause all other interested parties to perform the actions required by
      the Pledgee, and provide convenience for the
      exercise of the right and authorization of the Pledgee under this
      Agreement, sign all relevant documents for the change of certificate of
      equity interest with the Pledgee or the person (natural person / legal
      person) designated by the Pledgee, and provide the Pledgee with all
      relevant notice, order, or decision as deemed necessary by the Pledgee
      within reasonable period.

            

    

    

    
      	
              7.4

            	
              The
      Pledgor covenants to the Pledgee that the Pledgor will comply all of its
      covenants, undertakings, agreements, representations and conditions for
      the interest of the Pledgee.  If the Pledgor fails to perform or
      fully perform its covenants, undertakings, agreements, representations or
      conditions, it shall compensate all the losses of the Pledgee caused by
      such failure.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              7.5

            	
              If
      the Right of Pledge is not settled or became invalid for any of the
      following reasons, the Pledgor shall provide a joint liability guarantee
      for the debt owed by the Pledgor to the Lessor under the
      Lease:

            

    

    
      	
            	
              (1)

            	
              The
      Pledgor does not set up the Right of Pledge according to this
      Agreement;

            

    

    
      	
            	
              (2)

            	
              Any
      of the representation, warranty, or covenant of the Pledgor is
      unreal;

            

    

    
      	
            	
              (3)

            	
              Other
      reasons caused by the Pledgor.

            

    

    

    
      	
              7.6

            	
              The
      Pledgor irrevocably agrees that it waives all of its preferential right to
      purchase the equity from the other shareholders of Anyang Commercial Bank
      Co. Ltd. if such equity is pledged to the Pledgee and the Pledgee
      exercises its right of pledge.

            

    

    

    
      	
              8.

            	
              Event
      of Default

            

    

    

    
      	
              8.1

            	
              Any
      of the following events shall be deemed as an Event of
      Default:

            

    

    
      	
              8.1.1

            	
              Henan
      Shuncheng Group Coal Coke Co., Ltd. (the Lessee) fails to pay the Pledgee
      (the Lessor) all payable lease amount and other payable amounts under the
      Lease on time and in full;

            

    

    
      	
              8.1.2

            	
              Any
      of the representations or warranties of the Pledgor in Article 6 of this
      Agreement is materially misleading or inaccurate, and / or the Pledgor
      violates its representations and warranties in Article 6 of this
      Agreement;

            

    

    
      	
              8.1.3

            	
              The
      Pledgor violates its covenants in Article 7 of this
    Agreement;

            

    

    
      	
              8.1.4

            	
              The
      Pledgor violates any article in this
Agreement;

            

    

    
      	
              8.1.5

            	
              The
      Pledgor gives up the Pledged Equity or transfer the Pledged Equity without
      written consent of the Pledgee;

            

    

    
      	
              8.1.6

            	
              Any
      of the loans, guarantees, compensations, undertakings or other repayment
      liabilities are (1) requested to be repaid or performed in advance caused
      by breach of Agreement; or (2) became due but cannot be repaid or
      performed on time, which the Pledgee deems the capacity of the Pledgor to
      perform its obligation under this Agreement has been
    affected;

            

    

    
      	
              8.1.7

            	
              The
      Pledgor fails to repay its general debts or other
  debts;

            

    

    
      	
              8.1.8

            	
              If
      any of the necessary consent, permission, approval, or authorization of
      the government that are required to make this Agreement enforceable,
      legal, or valid, is revoked, suspended, materially amended or became
      invalid;

            

    

    
      	
              8.1.9

            	
              If
      any of the consent, permission, approval, or authorization of the
      government that are required to make this Agreement enforceable, legal, or
      valid, is revoked, suspended, materially amended or became
      invalid;

            

    

    
      	
              8.1.10

            	
              Any
      adverse changes to the property of the Pledgor, which the Pledgee deems
      the capacity of the Pledgor to perform its obligation under this Agreement
      has been affected;

            

    

    
      	
              8.1.11

            	
              The
      successor or representative of Henan Shuncheng Group Coal & Coke Co.,
      Ltd. (the Lessee) refuses to perform or only performs part of the payment
      liabilities to the Pledgee (the Lessor) under the Financial Leasing
      Agreement (with the reference number of YHZL (09)
  02ZL024);

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              8.1.12

            	
              Other
      cases that make the Pledgee unable to perform its Right of Pledge
      according to laws and regulations.

            

    

    

    
      	
              8.2

            	
              If
      the Pledgor acknowledges or discovers the occurrence any events in Section
      8.1 of this Article or any other events which may leads the above events,
      it shall promptly notice the Pledgee in written
  form.

            

    

    

    
      	
              8.3

            	
              The
      Pledgee may send out a Notice of Default to the Pledgor in writing at any
      time after the occurrence of the Event of Default, requesting the Pledgor
      to repay all the outstanding payable leasing amounts and other payable
      amounts under the Financial Leasing Agreement or dispose the Right of
      Pledge according to Article 9 of this Agreement.  The pledgor
      shall assume the guarantee liability to the Pledgee within 5 business days
      after receiving such Notice of Default.  If the Pledgor delays
      its performance of guarantee liability, the guarantor shall pay the delay
      of performance penalty to the creditor (the Lessor).  The delay
      of performance penalty shall be calculated on the basis of the delayed
      amount and the delayed days between the agreed payment day and the actual
      payment day, with 0.1% of the delayed amount for each delayed
      day.

            

    

    

    
      	
              9.

            	
              Exercise
      of Right of Pledge

            

    

    

    
      	
              9.1

            	
              The
      Pledgor shall not transfer the Pledged Equity unless all the payable
      leasing amounts and other payable amounts under the Financial Leasing
      Agreement are fully paid off and the written consent of the Pledgee is
      obtained;

            

    

    

    
      	
              9.2

            	
              The
      Pledgee shall send out a notice to the Pledgor when the Pledgee exercise
      the Right of Pledge;

            

    

    

    
      	
              9.3

            	
              The
      Pledgee is entitled to convert all or part of the Pledged Equity into
      money, or have the priority to get paid out of proceeds from sale or
      auction of such Pledged Equity, until all the payable leasing amounts and
      other payable amounts under the Financial Leasing Agreement are fully paid
      off.

            

    

    

    
      	
              9.4

            	
              The
      Pledgor shall not settle any barrier if the Pledgee disposes its Right of
      Pledge according to this Agreement, and shall provide necessary assistance
      to help the Pledgee exercising its Right of
  Pledge.

            

    

    

    
      	
              10.

            	
              Assignment

            

    

    

    
      	
              10.1

            	
              Without
      prior consent of the Pledgee, the Pledgor shall not assign any of its
      rights or obligations under this Agreement to any
  party.

            

    

    

    
      	
              10.2

            	
              This
      Agreement is binding to the Pledgor and its
  successor.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              10.3

            	
              The
      Pledgee may assign any or all of its right or obligations under the Lease
      to any third party (natural person / legal person) at any time, in this
      situation, the assignee shall enjoy and assume all of the rights and
      obligations of the Pledgee under this Agreement, as if it is a Party of
      this Agreement.  If the Pledgee assigns the rights and
      obligations under the Financial Leasing Agreement, the Pledgor shall sign
      related agreement and / or documents as may be required by the
      Pledgee.

            

    

    

    
      	
              11.

            	
              Termination

            

    

    

    This
Agreement will be terminated if all payable leasing amounts and other payable
amounts under the Financial Leasing Agreement are fully paid off and Henan
Shuncheng Group Coal Coke Co., Ltd. (the Lessee) does not assume any obligation
under the Financial Leasing Agreement.

    

    
      	
              12.

            	
              Handling
      Fee and Other Expenses

            

    

    

    
      	
              12.1

            	
              All
      the relevant fees and actual expenses related to this Agreement, including
      but not limited to legal fees, raw materials fees, stamp tax and any other
      tax and expenses shall be assumed by the Pledgor.  If the
      Pledgee shall pay relevant fees and tax according to law, the Pledgor
      shall compensate the Pledgee for all the fees and tax the Pledgee has
      already paid.

            

    

    

    
      	
              12.2

            	
              If
      the Pledgor fails to pay any payable tax or fees according to this
      Agreement or for other reasons, the Pledgee claims such tax or fees by any
      means or manner, the Pledgor shall assume all expenses (including but not
      limited to any tax, handling fee, litigation fee, attorney fee, and
      insurance fee for disposing the Right of Pledge) caused by such
      failure.

            

    

    

    
      	
              13.

            	
              Force
      Majeure

            

    

    

    
      	
              13.1

            	
              Force
      Majeure of this Agreement includes but not limited to earthquake, flood,
      war or act or government and any other unforeseen events and the result of
      such events cannot be reasonably
prevented.

            

    

    

    
      	
              13.2

            	
              If
      any party of this Agreement fails to perform or fully perform this
      Agreement due to force majeure, such party shall inform the other party in
      writing within 5 days after the occurrence of force majeure and provide
      the details of such event and the certificate documents issued by relevant
      competent authorities, departments or notary public office regarding the
      impossibility of performance of part or all of this Agreement within 15
      days after occurrence of force
majeure.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              13.3

            	
              If
      any party fails to perform or fully perform this Agreement due to force
      majeure, such party shall not assume any liability of default, however,
      such party shall adopt all necessary and proper measures to reduce the
      loss that may be imposed to the other
party.

            

    

    

    
      	
              13.4

            	
              If
      any force majeure occurs, based on the influence of the force majeure to
      the performance of this Agreement, the parties shall negotiate to amend or
      terminate this Agreement.

            

    

    

    
      	
              14.

            	
              Governing
      Law

            

    

    

    This
Agreement shall be governed by and construed according to the laws of
PRC.  Any dispute related to this Agreement shall be first settled by
friendly negotiation between the parties.  If a settlement cannot be
reached, it shall be submitted to the court of jurisdiction in the legal address
of the Pledgee (the Lessor) (Jingan District, Shanghai City).

    

    
      	
              15.

            	
              Correspondence

            

    

    

    All the
notices under this Agreement shall be sent to the following addresses by
messenger, fax or registered mail unless the addresses are changed through
written notice.  If the notice is sent by registered mail, the
acceptance date on the receipt of the registered mail shall be the delivery
date; if by messenger or fax, the sending date shall be the delivery
date.  If the notice is sent by fax, the original notice shall be sent
to the following address through registered mail or messenger promptly
after faxing.

    

    The
Pledgee (the Lessor): AVIC I International Leasing Co., Ltd.

    Attention:
Chen Zhongwei

    Legal
Address: 23 Floor CATIC Tower, 212 Jiangning Road, Jing'an District, Shanghai
City.

    Telephone:
021-52895393/13564227728

    Fax:
021-52895389

    Postcode:
200041

    

    The
Pledgor (the Lessee): Henan Shuncheng Group Coal  Coke Co.,
Ltd.

    Registered
Address: Tongye Town North, Anyang County, Anyang City, Henan
Province.

    Legal
Address: Tongye Town North, Anyang County, Anyang City, Henan
Province.

    Legal
Representative: Wang Xinshun

    Telephone
and Fax: 0372-3206736

       0372-3206721

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              16.

            	
              Annexes

            

    

    

    The
annexes of this Agreement are an integral part of this
Agreement.

    

    
      	
              17.

            	
              Severability

            

    

    

    If any
provision of this Agreement becomes invalid or unenforceable under the due to
any inconsistency with applicable laws, such provisions will only be invalid or
unenforceable under the jurisdiction of such laws, and it will not affect the
legal effect of other provisions of this agreement.

    

    
      	
              18.

            	
              Effectiveness

            

    

    

    
      	
              18.1

            	
              This
      Agreement and any amendments, supplements or changes to this Agreement
      shall be made in writing and signed and stamped by each party and it will
      come into effect after relevant registration procedures are completed with
      Anyang Administrative Bureau for Industry and
  Commerce.

            

    

    

    
      	
              18.2

            	
              This
      Agreement shall come into effect when all the following conditions are
      fully satisfied:

            

    

    
      	
               
      

            	
               
      (1)

            	
              This
      Agreement is signed by the legal representatives or authorized
      representatives of the parties and stamped by the parties, and relevant
      notarial acts is completed;

            

    

    
      	
               
      

            	
               
      (2)

            	
              The
      Pledgee receives the original board resolution by the board of directors /
      shareholder of the Pledgor which approves the guarantee under this
      Agreement.

            

    

    This
Agreement shall be executed in ten original copies in Chinese, Each original
copy is equally valid.

    

    
      	
              18.3

            	
              This
      Agreement shall be conducted with enforceable
      notarization.  After enforceable notarization is conducted to
      this Agreement by the parties, if Henan Shuncheng Group Coal Coke Co.,
      Ltd. (the Lessee) / the Pledgor fails to perform or fully perform its
      obligations under Agreement, the Pledgee (the Lessor) is entitled to apply
      the enforcement certificate with the notary public office and apply for
      enforcement with court of jurisdiction according to the notarial deed and
      the enforcement certificate; the Pledgor agrees to accept such
      enforcement.  The expenses for the notarization will be assumed
      by the Pledgor and paid to the Pledgee (the Lessor) on the date this
      Agreement is entered into.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (This
page is intentionally left blank)

    

    IN
WITNESS WHEREOF the parties have signed this Agreement as of the date first
hereinabove set forth.

    

    The
parties has read all the provisions of this Agreement without any objection and
accurately understood all the legal relationship, relevant rights and
obligations and the legal meaning of the liability provisions.

    

    The
Pledgee: AVIC I International Leasing Co., Ltd. (Stamp)

    [Stamp of
AVIC I International Leasing Co., Ltd. sealed here]

    

    (Signature)]:  /s/
Zhao Changwei

    

    The
Pledgor: Henan Shuncheng Group Coal Coke Co., Ltd. (Stamp)

    [Stamp of
Henan Shuncheng Group Coal Coke Co., Ltd. sealed here]

    

    (Signature):  /s/
Wang Xinshun

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Annex
I

    

    Capital
Contribution Certificate of Anyang Commercial Bank Co. Ltd.

    

    Henan
Shuncheng Group Coal Coke Co., Ltd. has contributed RMB 15 million Yuan, holds
9.27% of the equity in Anyang Commercial Bank Co. Ltd., of which all the 9.27%
of the equity in Anyang Commercial Bank Co. Ltd. has been pledged to AVIC I
International Leasing Co., Ltd..

    

    Anyang
Commercial Bank Co. Ltd. (Stamp)

    

    Signature
of Legal Representative: ___________

    

    November
3rd,
2009             
 
                               

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Annex
II

    

    Stock
Ledger of Anyang Commercial Bank Co. Ltd.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    Name
      of Shareholder

                                  	 	
                                    ID
      Number

                                  	 	
                                    Contribution
      

                                    Amount
      (ten 

                                    thousand
      Yuan)

                                  	 	 	
                                    Proportion
      of 

                                    Share

                                  	 	
                                    Status
      of 

                                    Pledge

                                  
	
                                    Henan
      Shuncheng 

                                    Group
      Coal Coke Co., Ltd.

                                  	 	 
      	 	 	1500	 	 	 	9.27	%	
                                    Has
      been pledged to AVIC I International Leasing Co., Ltd.

                                  
	
                                    ......

                                  	 	 
      	 	 	 	 	 	 	 	 	 
      
	
                                    ......

                                  	 	 
      	 	 	 	 	 	 	 	 	 
      
	
                                    Total

                                  	 	 
      	 	 	 	 	 	 	100	%	 
      

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    (Sample,
the stock ledger issued by Anyang Commercial Bank Co. Ltd. shall
prevail)

    

    Anyang
Commercial Bank Co. Ltd. (Stamp)

    

    Signature
of Legal Representative: ___________

    

    November
3rd,
2009

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