Document:

Exhibit
10.5

    (English
Translation)

    

    Registration
Notice of Cancelling Equity Pledge

     

    (Daxin
Industry and Commerce) Cancelling Equity Pledge Registration NO.: [2010]
8

     

    Dalian Union-Chuangye
Bonding Co. Ltd:

     

    According
to application, our bureau processes the registration for cancelling equity
pledge on September 10th, 2010.
The original equity registration is below:

     

    Equity
registration NO.: 210231100041Z

     

    Company
who own Equity Rights: Dalian Heavy Mining Equipment Manufacturing, Co.
Ltd

     

    Amount of
Equity: 3,600,000 RMB

     

    People
who pay for Equity: Peili Wang

     

    People
who own Equity: Dalian Union-Chuangye Bonding Co. Ltd

     

    Seal by
Dalian Industry and Commerce Bureau

     

    September
10th,
2010Exhibit 10.6

    (English
Translation)

    

    Investment
Agreement

    

    Party
A:  Management Committee of Laobian Industrial Park

    

    Party
B:   Dalian Heavy Mining Equipment Manufacturing Co.,
Ltd.

    

    After
friendly negotiation, Party A and Party B hereby enter into the following
agreement in regard with the investment and construction of  “ZDF
Vacuum Composite Steel Mode” project:

    

    ONE                      Investor

    

    The
project is invested by Dalian Heavy Mining Equipment Manufacturing Co,
Ltd.

    

    TWO                    Place
of Project

    

    The
project is to be located in the Steel Industrial Part of the Laobian Industrial
Park.

    

    THREE                 Area,
Nature and Conditions of the Land for Project

    

    The
proposed project land is 66,667 square meters (100 acres), including 40,000
square meters (60 acres) ready for the fist stage development, 26,667 square
meters (40 acres) for reserve (to be developed). The nature of the land is
industrial. The term of use is 50 yeas.

    

    The
condition of the land is that it shall be ready for use with “five utilities and
one leveling” (water, power, transportation, communication, post office and the
land shall be leveled.)

    

    FOUR                   Price
of Land

    

    The
expropriation is to be activated upon the Industrial Land Use Permit, at the
price of ¥75/m2, all of which shall be contributed to the Science Supporting
Fund and to be returned to the Corporation.

    

    FIVE                     Period
of Investment and Construction

    

    The total
investment is RMB one hundred million, including fixed-asset investment RMB 80
million, liquidity RMB 20 million. The first investment is RMB 50 million, and
the second investment is RMB 50 million.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    After the
completion of the project, the annual outcome of Vacuum Composite Steel Mode
shall be 500, 000 tons.

    

    This
project is set for two stages, the first starting from 09/2010 to 07/2011; the
second starting from 04/2012.

    

    SIX.                      Liabilities
of Party A and B

    

    1.           Immediate
after the contract Party A shall convey the land for Party B’s use and plan; 30
days subsequent to the contract the land shall be equipped with the basic
facilities, including temporary water, power supply, and be ready for
constructive use.

    

    2.           Party
A shall assist Party B in the registration processing of in the Industrial and
Commercial Administration Bureau and the Revenue.

    

    3.           Party
A agrees Party B is to start construction pending the registration.

    

    4.           Party
A shall assist Party B in the submission of necessary documents to the
Environment Protection and Fire Departments in the processing of construction
permit.

    

    5.           Party
B shall process the construction in accordance with the schedule set forth by
the Article FIVE.

    

    SEVEN                 Preferential
Incentives

    

    Party B shall be eligible for any
preferential incentives announced by the State, province, city, Liaoning Coastal
Economy Lane (proposed and submitted to the provincial government and to be
applied after approval) and also for the Liaobian investment preferential
incentives regarding the fees and charges of land use, administration and
institution.

    

    “Zero” land use fee.  Since
it is high-tech project in association with Minmetals Steel, the investor shall
be allowed to start early construction in advance and wait until the application
for land use permit is submitted, at which time the investor shall pay in terms
of Article FOUR in this agreement, the full amount of which shall be redeemed to
the investor from the Science Development Fund as soon as it is in receipt of
land use permit as the science development fund.

    

    “Zero” charge. The following 9 itemized
administrative and institutional charges will be paid by the government: (1)
Fencing fee ; (2) Property Survey fee ; (3) Assessment fee (4) Design and
Planning fee (5) Material Testing fee(6) Brick  Alternation fund (7)
Anti-fire accessories fee (8) Civil Air Defense Construction Permit fee; (9)
Excessive Noise and Sewage Fine.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    EIGHT                  Liability

    

    1.           Any
non-performance due to the fault of Party A,  which causes the late
supply of land or failure to implement preferential incentives, resulting in
Party B’s incapability of constructing and producing as agreed upon this
agreement, Party B shall be have right to terminate this contract and is entitle
to direct economic damage incurred therefrom.

    

    2.           Any
non-performance due to the fault of Party B which prevents the construction from
starting as scheduled shall give right to Party A to terminate the agreement and
be entitle to an unconditional return of its investment.

    

    NINE                    Miscellaneous

    

    1.           if
there is any change to the State macro policy, this agreement shall comply
accordingly.

    

    2.           Any
issue not decided during the execution of this agreement shall be friendlily
negotiated and determined by a supplemental agreement between the parties. Such
agreement is deemed to have the same legal effect as this
agreement.

    

    3.           This
agreement has four original copies, two held by each party and effective once
signed and stamped.

    

    
      	
              Seal
      of Part A

            	
              Seal
      of Party B

            
	
              Corporate
      Representative

            	
              Corporate
      Representative

            
	
              /s/ Xu, Yong

            	
              /s/ Wang,
    Lixin

            
	
              Seal
      in red

            	
              Seal
      in red

            
	
              Management
      Committee of Laobian Industrial Park

            	
              Dalian
      Heavy Mining Equipment Manufacturing Co., Ltd.

            
	 
      	 
      
	 
      	
              2010
      Year    Month     Day

            

    

     

    
      
         

      

      
        3Exhibit
10.7

    (English
Translation)

    

    AGREEMENT

    

    Zhuanghe Port Industrial Zone
Management Committee (hereafter Party A) and Dalian Heavy Mining Equipment
Manufacturing Co. Ltd (hereafter Party B ), under the principle of Equal and
Reciprocal Benefit, have undergone friendly negotiation regarding Party B ‘s
plan to build a plant in the jurisdiction of Party A and hereby enter the
following agreement for both party to perform :

    

    Article
One                           Scope
and Scale of Business

    

    
      1.  
  Party B
agrees to invest in the jurisdiction of Party A. The project requires a land in
the area of 132 acres
(actual area depends on the result of official survey). The price for the use of
land shall follow the State policy.  Party A shall provide full
redemption to Party B in a form of “levy first , redeem later”. The redemption
is intended to fund the Infrastructure of company. The term for use of land is
50 years.

    

    

    2.     The
business scope of company is researching, developing, designing, manufacturing,
assembling and testing of metallurgy machinery and large sets of
equipment.

    

    3.     Amount
of Investment: the total investment of RMB 130 million shall be completed within
three years,  50 million of which shall be completed in 2010 for
constructing the main workshops, office building and partial purchase of
equipments; 30 million of which shall be completed in 2011 for equipments; 50
million of which shall be completed in 2012 for workshops, assembly sites and
equipments purchase

    

    Article
Two                           Project
Schedule

     

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      
 
Before
the end of November 2009, Party B shall complete the environmental assessment,
the construction permit application and the other necessary early procedures to
start construction.  Any delay to the issuance of construction permit
caused by Party A shall give an extension to the project
accordingly.

    

    Article
Three                            Duties
of Party A

    

    
      
        	
                1.

              	
                Party
      A shall locate the actual place where Party B is to
  invest.

              

      

    

    

    
      	
              2.

            	
              Party
      A shall send its employee to assist Party B to obtain permits, make
      changes to the registration and acquire business licenses and so on as in
      the other procedures.

            

    

    

    
      	
              3.

            	
              Upon
      the receipt of payment for use of land, Party A shall assist Party B in
      the processing of expropriation license, project application and other
      necessary documents for constructing
project.

            

    

    

    4.           Party
A guarantees Party B the preferential incentives regarding loan discount,
financing aid, tax and the others from the Liaoning Province Coastal Economy
Lane Focused Developing Area, Dalian City Government and Zhuanghe City
Government. If any preferential incentives announced later on by the State and
each level of governments, Party A guarantees Party B shall acquire the priority
of such.

    5.     Party
A shall actively recommend Party B to the middle to small sized credit guarantee
corporations within the jurisdiction of the Liaoning Province, Dalian City and
Zhuanghe City for financing guarantee.

    

    
      6.    
Any
corporate income tax and VAT of Party B levied to the local Revenue shall be
returned in full for three
years starting from 2009, and thereafter in 50% for another three years starting
from 2012, which is
intended for the development of company.

    

    

    
      7.   
 Any
township property tax levied to the local Revenue within two years after 2009
shall be funded back to
Party B in full.

    

    

    8.     Any
income tax levied from the individual employee of Party B to the local Revenue
shall be returned in 50% for five years after 2009. In particular, any
individual employee who purchases a property of value exceed RMB 200 thousand
shall enjoy 100% of tax return.

    

    
      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

    

     

    9.     Pursuant
to Party B’s project schedule, Party A shall provide basic facilities, including
paving roads outside the red line around the plant zone, water, sewage,
electricity and one time electrical capacity upgrade, communication (telephone,
broad band and cable TV). Party A shall also be responsible for resident
relocation and site preparation.

    

    10.   Any
issue regarding to the environmental protection, safe production permit and fire
department, as long as Party B satisfies the requirement of relevant authorities
in its proposal and construction, Party A is to provide assistance in the
processing of license application.

    

    
      11.  
Any
administrative charge assumed to Party B shall be paid by Party A for three
years after 2009.

    

    

    12.   Party
A shall return in full the Land Transfer Fee for RMB 30 thousand/acre to Party B
in one time payment within 3 months after the end of the public land
bidding/auctioning/listing.

    

    Article
Four                            Duties
of Party B

    

    1.     Pursuant
to Party A’s requirement, Party B shall furnish all the necessary documents and
submit the payment for relevant license application.

    

    2.     Pursuant
to the business proposal and project schedule, Party B shall distribute the
investment fund in place and on time.

    

    3.     Party
B shall legally operate the business and pay the tax prescribed by the authority
of jurisdiction to which it locates.

    

    4.     Any
drainage and sewage shall meet the State environmental standard.

    

    5.     Any
safety measures and producing activities shall satisfy the State’s safe
production requirement.

    

    6.     If
the conditions for construction are met, Party B shall activate the project
before November of 2009 pursuant to the proposed construction schedule and then
start producing, otherwise, depending on the actual process, Party A shall
reduce or even cancel the promisedpreferential incentives.

     

    
      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

    

    

    
      7.    
The land
is intended for industrial use.  Party B shall not change its intended
use after obtaining the Land Use
License; otherwise, Party A shall be able to repossess the land
unconditionally.

    

    8.     Party
B agrees to start construction as scheduled. If the land is left for undeveloped
for more than two years without any construction ever on, Party A shall be able
to repossess the land unconditionally.

    

    9.     Party
B shall timely transmit the Land Transfer Fee in one time payment to the
designated account of Party A.

    

    Article
Five           Breach of
Contract

    

    1.     Either
Party A or Party B is committed to perform its duty.  If either party
breaches contract, resulting in the damage to the other, the breaching party
shall be held liable for all the damage.

    

    2.     If
Party B does not transfer the Land Use Fee on time, Party B shall be able to
revoke Party B’s right to the use of land.

    

    3.     If
Party B fails to obtain Land Use License on time due to the cause of Party A,
Party A shall return the Land Use Fee to Party B.

    

    4.     If
Party B fails to comply with the investment schedule as agreed by this contract,
Party A shall have right to reduce or even cancel the promised preferential
incentives depending on the actual processing.

    

    5.     Unless
advanced negotiation, neither Party A nor B shall disclose any information
pertaining to this contract. Any disclosure by one party resulting in the damage
to the other, the disclosing party shall be liable for any damage
incurred.

    

    Article
Six                     Disclaimer

    

    
      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

    

     

    For any
Force Majored such as Act of God, which results in the
impossibility/impracticability of performance to this contract, neither party
shall be held liable in law.

    

    Article
Seven               Resolution
of Dispute

    

    
      Any
dispute arising between the parties shall be resolved through negotiation, if
failed, shall be submitted to the
joint supervising authority for settlement or resorted to the People’s
court.

    

    

    Article
Eight        Miscellaneous

    

    1.     Any
issue not exhausted shall be negotiated and reduced to a supplemental agreement
between and by the parties.  The supplemental agreement shall have the
same effect as this contract.

    

    2.     If
any adjustment to the State macro policy occurs, the relevant provision in this
contract shall apply accordingly.

    

    Article
Nine                    Effectiveness

    

    This
contract has two original copies, each held by one party to this contract, and
shall take effect immediately after it is signed by both
parties.
 

    Party A:
Zhuanghe Lingang Industrial Zone Managing Committee

    Party B:
Dalian Heavy Mining Equipment Manufacture Co. Ltd

    

    (Seal)                                                                (Seal)

    

    Seal in Circle: Zhuanghe
Lingang Industrial Zone Managing Committee

    Seal in Circle: Dalian Heavy
Mining Equipment Manufacture Co. Ltd

    

    /s/ Zhi
Quian
Sha                                                      /s/
Lixin Wang

    

    Authorized
Agent: Sha, Zhi
Qiang                      Authorized
Agent: Wang,
Lixin

    

    September 17, 2009

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