Document:

Unassociated Document

    
      Exhibit
10.84

    

    

    
      
        
          
            
              	
                      SHANGHAI PUDONG DEVELOPMENT BANK

                    	  	
                      MAXIMUM GUARANTEE AGREEMENT

                    

            

          

        

      

    

    

    NO.
2B7601200728083001

    

    SHANGHAI
PUDONG DEVELOPMENT BANK

    

    Maximum
Guarantee Agreement

    
      
         

      

      
        Page
1

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    Maximum
Guarantee Agreement

    

    Guarantor:
Henan Shuncheng Group
Coal Coke Co Ltd.

    Creditor:
Zhengzhou Branch,
Shanghai Pudong Development Bank

    

    Whereas:

    The
Guarantor voluntarily assumes the guarantee liability for all the loan under
AGREEMENT (as specified in Article 7), in order to ensure the comprehensive and
timely performance of the obligations by the debtor under AGREEMENT and the
exercise of the Creditor’s rights.

    

    The
parties have reached a consensus through friendly consultation to conclude the
Agreement. The Parties will commit in accordance to the terms and conditions
stipulate hereunder.

     

    
      Article
1     Guarantee
Creditor’s right(s)

    

     

    The
details of the guaranteed Creditor’s right(s) are provided in Article 7 of this
Agreement.

     

    
      Article
2     Guarantee
Liability

    

     

    
      	
              2.1

            	
              Scope
      of Guarantee

            

    

     

    The
Guarantee covers Creditor’s right of the agreement, interests (the interests
mentioned hereinafter including interest, default interest, compound interest),
liquidated damages, compensation, charges, all expenses incurred in the signing
and performance of this Agreement and the expenses attributable to the exercise
of guarantee rights and the Creditor’s rights (including but not limited to
litigation fee, taxes, attorney fee, travel expenses, management fee and charge
for auction or disposition of property) and the additional security deposit
required by the Creditor but has not added to the guarantee amount.

     

    
      	
              2.2

            	
              Mode
      of Guarantee

            

    

     

    The
Guarantee mode hereof is Guarantee with joint and several
liabilities;

    The
Guarantor confirms in case that the debtor fails to repay the debt in accordance
with the AGREEMENT, the Creditor is entitled to ask the Guarantor to assume the
guarantee liability in the scope defined in the Agreement, no matter whether the
Creditor has other security rights on the debt under the AGREEMENT (including
but not limited to security, mortgage and pledge), with no need to ask the other
Guarantors to assume the guarantee liability first.

    
      
         

      

      
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2

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    The
Guarantor hereby undertakes to waive the defense that claims for advance
enforcement of the guarantee in rem provided by the debtor.

     

    
      	
              2.3

            	
              Guarantee
      Period

            

    

     

    Guarantee
Period for each debt shall be calculated respectively and is from the maturity
date of each debt to two years after the maturity date in the
AGREEMENT.

    The
Guarantor shall assume separately the guarantee liability of repayment
installments of each debt under the AGREEMENT during the term of the AGREEMENT.
The Guarantee period for any one debt shall be two years as from the expiry of
last installment loan in case of the repayment in installments for the
debt.

    The
announcement of early maturity date of principal creditor’s right is all or part
of the creditor’s right within the period of creditor’s right, and the expiry
date of all or part of creditor’s right is the early maturity date announced,
and expires at the  same time during the period of creditor’s
right.

    The
maturity date of all debts or part of the debts shall be the early maturity date
in case of the announcement of early maturity.

    The
Guarantee Period shall be two years as of the expiry date provided in the
extension agreement if an extension agreement is reached between the Debtor and
the Creditor. The Guarantor’s joint and several liabilities for the debts shall
remain in force in the extended period without the Guarantor’s prior
content.

     

    
      	
              2.4

            	
              Alteration
      of AGREEMENT

            

    

     

    Any
extension and any deferred repayment permission the Creditor gives to the Debtor
and the amendments, alterations or replacements of any terms and conditions of
the AGREEMENT made by the Creditor and the Guarantor shall not have any effect
on the rights and interests of the Creditor under this Agreement and shall not
cause any diminishment of the guarantee liability based on the Guarantor’s
deemed consent in the case.

     

    The issue
of L/C, Letter of Guarantee or Standby L/C by the Creditor, or any amendment of
the L/C, Letter of Guarantee or Standby L/C made by the Creditor and the
Guarantor shall not cause any diminishment of the guarantee liability with no
need to obtain the consent of the Guarantor or prior notify the Guarantor based
on the Guarantor’s deemed consent in the case.

     

    
      Article
3     Statements
& Commitments

    

     

    The
Guarantor states and undertakes as follows to the Creditor:

     

    
      
         

      

      
        Page
3

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    
      	
              3.1

            	
              the
      Guarantor shall be a independent legal subject that has complete civil
      capacity to perform the obligations of the Agreement under the name of
      itself and assume the civil responsibility
  independently;

            

    

     

    
      	
              3.2

            	
              The
      Guarantee has the authority to sign the Agreement, and the Guarantor has
      already obtained all the authorization and approval required by the
      Agreement; The terms and conditions of this Agreement are reached on a
      basis of the Guarantor’s real intent and free will and shall have legal
      binding force on the Guarantor.

            

    

     

    
      	
              3.3

            	
              the
      Guarantor hereby undertakes that there is no any infringement of the laws
      (the laws hereof includes laws, regulations, rules, local laws and
      regulations, judicial interpretation), Articles of Association, relevant
      documents of the bodies with power, judgments or decisions made and any
      conflict with other Agreements or agreements the Guarantor has already
      signed or any other obligations the Guarantor has already taken during the
      execution and performance of this
Agreement.

            

    

     

    
      	
              3.4

            	
              the
      Guarantor shall promise all financial statements (if any) complies with
      the laws and regulations of PRC (excluding Hong Kong, Macau SAR and Taiwan
      Region) and could gives a real, complete and unprejudiced explanation of
      the financial conditions of the Guarantor and all documents and materials
      submitted to Party A are accurate, real, complete, valid without any
      concealment.

            

    

     

    
      	
              3.5

            	
              the
      Guarantor shall vow to go through the filling, registration or other
      procedures required by the validity and legal performance of the Agreement
      and pay relevant expenses;

            

    

     

    
      	
              3.6

            	
              there
      occurs no big adverse change of the operational and financial situation
      since the latest audited financial
statement;

            

    

     

    
      	
              3.7

            	
              the
      Guarantor has disclosed all the facts or information it knows or should
      know which is important for the Creditor to decide whether to offer the
      loan under the AGREEMENT;

            

    

     

    
      	
              3.8

            	
              the
      Guarantor hereby confirms any arrear of wage, medical care, disability
      benefits and compensatory payment has not happened or will not happen in
      the execution date and during the performance of this
      Agreement;

            

    

     

    
      	
              3.9

            	
              the
      Guarantor undertakes there is no situation or event that has or may have
      material negative effect on the performance capability of the
      Guarantor.

            

    

     

    
      Article
4     Other
Provisions

    

     

    
      	
              4.1

            	
              the
      Commitments of the Guarantor

            

    

     

    
      
         

      

      
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4

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    
      	  	
              4.1.1

            	
              The
      Guarantor shall not take the following actions without the written content
      of the Creditor:

            

    

     

    
      	
               
      

            	
              4.1.1.1

            	
              dispose
      the whole or majority of the significant assets in ways of sale, donation,
      rent, transfer, mortgage, pledge or other
  measures;

            

    

     

    
      	
               
      

            	
              4.1.1.2

            	
              change materially the operative
      mechanism or property organization form, including but not limited to
      the contractual operation, leasing, consortium, corporation system
      reform, shareholding reform, share transfer, merger (or acquisition),
      joint venture with foreign investment (or cooperation), division,
      establishment of subsidiaries, transfer of property and decrease of
      registered capital;

            

    

     

    
      
        	  	
                4.1.1.3

              	
                change
      the business scope or major businesses and to alter the Articles of
      Association;

              

      

    

     

    
      	
               
      

            	
              4.1.1.4

            	
              providing
      the guarantee to the third parties, which has huge negative effect on the
      Guarantor’s financial situation and its capability to perform the
      obligations under the Agreement;

            

    

     

    
      	
               
      

            	
              4.1.1.5

            	
              apply
      for reorganization, bankruptcy and dismissal of the
    company;

            

    

     

    
      	
               
      

            	
              4.1.1.6

            	
              Sign
      the contracts/agreements that have huge adverse effect on the Guarantor’s
      ability to perform the obligations under the Agreement or assume relevant
      obligations that have same effect.

            

    

     

    
      	
            	
              4.1.2

            	
              the
      Guarantor undertakes to promptly notify the Creditor of the event on the
      day of the event and send the originals of relevant notice (stamped by
      Non-natural person or signed by natural person) to the Creditor in 5
      business days after the day of the event in case of the following
      circumstances:

            

    

     

    
      	
               
      

            	
              4.1.2.1

            	
              the
      events that denies the authenticity and accuracy of the statements and
      commitments the Guarantor makes in this Agreement
  happen;

            

    

     

    
      	
               
      

            	
              4.1.2.2

            	
              the
      Guarantor or its controlling shareholder, actual controller or the related
      parties being involved in litigation or arbitration, or its asset being
      distrained upon, sealed-up, frozen or enforced or being imposed by other
      measures that have same effect, or its legal representative, director,
      supervisor and senior management staffs being involved in litigation,
      arbitration or other enforcement
measures.

            

    

     

    
      
         

      

      
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5

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    
      	
               
      

            	
              4.1.2.3

            	
              the
      change of the legal representative or its authorized representatives,
      responsible person, major financial responsible person, communication
      address, company name and work place of the Guarantor, or the change of
      the Guarantor’s domicile, habitual residence, change of working unit, or
      long-term departure of the residence place, or any adverse change in the
      Guarantor’s income level;

            

    

     

    
      	
               
      

            	
              4.1.2.4

            	
              the
      reorganization and bankruptcy applied by other debtors or the revocation
      made by the governing authority.

            

    

     

    
      	
            	
              4.1.3

            	
              the
      Guarantor undertakes to submit relevant financial materials or income
      certification as required by the Creditor at any
  time;

            

    

     

    
      	
            	
              4.1.4

            	
              the
      Guarantor undertakes to assume the joint and several liabilities to
      complement the security deposit in case that the debtor fails to make up
      the deficiency of the security deposit (including early making-up) as
      required by the Creditor in issuing L/C, Letter of Guarantee or Standby
      L/C business. The making-up of the deficiency of the security deposit
      shall not constitute the exemption of the guarantee liability the
      Guarantor shall undertake in accordance with the Agreement. Any losses
      (including interest losses) arising out of the performance of the
      obligation to complement the security deposit under the Agreement shall be
      borne by the Guarantor itself.

            

    

     

    
      	
            	
              4.1.5

            	
              the
      Guarantor hereby vows to suspend the exercise of recourse right or
      relevant rights arising from the performance of the Agreement before the
      debtor pays off all debts under the
AGREEMENT;

            

    

     

    
      	
            	
              4.1.6

            	
              The Guarantor
      shall continue to assume the joint and several liabilities for the early
      repayment or the sustained debts in case of the revocation of the
      individual repayment if the debtor repays the debt in whole or in part
      early or repays individually to the
Creditor.

            

    

     

    
      	
              4.2

            	
              Deduction
      Provisions

            

    

     

    
      	
            	
              4.2.1

            	
              The
      authorized Creditor should directly deduct the same amount of money from
      any account the Guarantor opens in Shanghai Pudong Development
      Bank to clear off the overdue debt or deficient security deposit in
      case of the overdue debt or that the security deposit shall be made up by
      the Guarantor.

            

    

     

    
      
         

      

      
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6

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    
      	
            	
              4.2.2

            	
              Unless
      the authorities of the country have particular regulations, the
      deducted money should clear off all debts in the following orders: first
      the money should be used to pay off the overdue expenses charged for the
      Guarantor and debtor; then the money should be used to pay off the
      interests of the overdue bills; the remaining money should be used to pay
      off the principals of the overdue bills; if there are several overdue
      claims, it is the Creditor’s right to decide the priority of the
      pay-off.

            

    

     

    
      	
            	
              4.2.3

            	
              In
      case of any discrepancy between the currency of the accounts deducted and
      the currency of money which needs to be paid, the Creditor will be
      responsible for conversion with an exchange rate determined by it and the
      Guarantor shall bear the exchange rate
risk.

            

    

     

    
      	
              4.3

            	
              Certification
      of debt

            

    

     

    It has
been acknowledged by the parties that the accounting documents issued and
recorded in compliance with its business rules in its Book of Accounts will be
the effective evidence of the debt of the Creditor.

    

    
      	
              4.4

            	
              Notification
      & Service

            

    

     

    
      	
            	
              4.4.1

            	
              The
      notice from one party to the other party shall be sent to the address
      specified at the signature page of this Agreement, or other address
      changed by the other party against written notice. If the notice is
      delivered to the address mentioned hereinabove, the service shall be
      deemed completed in the following date: the seventh bank business day as
      from the date when the notice is sent by registered mail to the major
      business place (for the corporation and its branches and subsidiaries or
      other organization) or the domicile (for natural person) in case of
      special mail service; the date signed by the recipient upon receipt in
      case of special service; the transmission date in case of facsimile or
      Email. However, the service of all notice, requirement or other
      communication sent to the Creditor shall be deemed completed upon the
      actual receipt of the Creditor. The notices sent to the Creditor in the
      form of facsimile or Email shall be confirmed by the originals (sealed by
      Non- natural person or signed by natural person) that could be delivered
      face-to-face and sent by mail to the Creditor
  afterwards.

            

    

     

    
      	
            	
              4.4.2

            	
              the
      Guarantor hereby agrees that the service of any court summons and notices
      during any litigation hereof shall be deemed completed upon their arrival
      at the domicile stated at the end of the Agreement. Any adjustment to the
      address hereinabove shall not be valid for the Creditor without prior
      written notification.

            

    

     

    
      
         

      

      
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7

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    
      	
              4.5

            	
              Validity,
      Amendment and Termination

            

    

     

    
      	
            	
              4.5.1

            	
              This Agreement
      shall be effective from the date of sealing by the Guarantor and the
      Creditor and the signing or sealing by their legal representative/
      responsible person or authorized representative (signature only for
      natural person Guarantor) to the date when the guaranteed debts under the
      Agreement are paid off.

            

    

     

    
      	
            	
              4.5.2

            	
              The
      Agreement is independent of principal AGREEMENT in the validity.
      In other words, the total or partial invalidity of AGREEMENT shall not
      affect the effectiveness of this Agreement and the obligation of the
      Guarantor;

            

    

     

    
      	
            	
              4.5.3

            	
              the
      Agreement shall not be changed unilaterally or terminated early by either
      party after the Agreement becomes effective; A written agreement
      shall be reached between the parties hereto after negotiation in case that
      the Agreement shall be amended and terminated
  early.

            

    

     

    
      Article
5     Breach
of Agreement & Settlement of Breaches

    

     

    
      	
              5.1

            	
              Breach
      of Agreement

            

    

     

    The
Guarantor shall be in breach of Agreement in one of the following
circumstances:

     

    
      	
            	
              5.1.1

            	
              Any
      statement, explanation, guarantee made by the Guarantor during the term of
      the Agreement or other relevant notice, authorization, approval, content,
      certificate or other documents made by the Guarantor in compliance with or
      related to the Guarantor are incorrect or misleading, or have been proven
      incorrect or misleading, or have been proven invalid, revoked or legally
      unbinding;

            

    

     

    
      	  	
              5.1.2

            	
              Any
      infringement of one of the provisions of Article 4 of this
      Agreement;

            

    

     

    
      	  	
              5.1.3

            	
              when
      the Guarantor’s business is suspended, terminated, shut-down,
      restructured, reorganized, taken-over or mandated, dissolved, revoked or
      cancelled or bankrupted;

            

    

     

    
      	  	
              5.1.4

            	
              Death
      or declaration of death of the Guarantor in case the Guarantor is natural
      person;

            

    

     

    
      	  	
              5.1.5

            	
              the
      change and transfer of the asset or attempted transfer of the asset by
      virtue of fake marital relations by the
  Guarantor;

            

    

     

    
      	  	
              5.1.6

            	
              Deteriorating
      financial situation, serious difficulties in production and business
      operations or some circumstances that may affect the Guarantor’s
      operational situation and financial condition or performance
      capability.

            

    

     

    
      
         

      

      
        Page
8

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    
      	
            	
              5.1.7

            	
              the
      Guarantor or its controlling shareholder, actual controller or the related
      parties being involved in litigation or arbitration, or its asset being
      distrained upon, sealed-up, frozen or enforced or being imposed by other
      measures that have same effect, or its legal representative, director,
      supervisor and senior management staffs being involved in litigation,
      arbitration or other enforcement
measures.

            

    

     

    
      	  	
              5.1.8

            	
              Any
      infringement of this Agreement that could hinder the smooth performance of
      this Agreement or other behavior of the Guarantor that may lead to the
      damage of legitimate interest of the
Creditor.

            

    

     

    
      	
              5.2

            	
              Settlement
      of Breaches

            

    

     

    The
Creditor is entitled to announce the early maturity of principal creditor’s
right or creditor’s right under the AGREEMENT or ask the Guarantor to assume the
guarantee liability or make up the deficiency of security deposit and pay the
liquidated damage (the calculation of the liquidated damage is specified in
Article 7) in case of any one of the above-mentioned breaches of Agreement. The
Guarantor shall reimburse all losses suffered by the Creditor if the liquidated
damage fails to pay the loss of the Creditor.

    

    
      Article
6     Other
Provisions

    

     

    
      	
              6.1

            	
              Applicable
      Law

            

    

     

    The
Agreement is governed and construed by laws of the People’s Republic of China
(excluding Hong Kong, Macau SAR and Taiwan Region).

    

    
      	
              6.2

            	
              Settlement
      of Disputes

            

    

     

    All
disputes and argues arising from the performance of this Agreement shall be
solved through negotiation by the parties; if negotiation fails, both parties
agree to adopt the jurisdiction of the People’s Court of the domicile of
the Creditor;

    During
the settlement of dispute, other provisions in the Agreement that may not be
affected shall be performed continuously.

     

    
      	
              6.3

            	
              Miscellaneous

            

    

     

    
      	
            	
              (1)

            	
              Any
      matters not provided herein shall be added in Article 7 or supplemented
      subject to written agreement entered into between the parties. The
      appendixes to the Agreement (please see Article 7 of this Agreement) shall
      form integral parts of the Agreement and shall have the same binding force
      as the Agreement itself.

            

    

     

    
      
         

      

      
        Page
9

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    
      	
            	
              (2)

            	
              Words
      and expressions in this Agreement shall have the same meanings
      respectively assigned to them in the AGREEMENT hereafter referred to,
      unless otherwise provided.

            

    

     

    
      Article
7     Special
Clauses

    

     

    
      	
              7.1

            	
              The AGREEMENT
      guaranteed by this Agreement (in correspondence with WHEREAS
      clauses)

            

    

     

    
      	
               
      

            	
              (1)

            	
              The
      AGREEMENT covers a series of Agreements signed between 21st June, 2007 and 20th June 2010. The
      Creditor of this Agreement is Zhengzhou Branch,
      Shanghai Pudong Development Bank stated in the
      AGREEMENT;

            

    

    
      	
               
      

            	
              (2)

            	
              The
      debtor under the AGREEMENT is Henan Liyuan Coke Co., Ltd. Domicile:
      Tongye Town,
      Anyang.

            

    

    

    
      	
              7.2

            	
              The
      Primary Creditor’s right (in correspondence with Article 1 of this
      Agreement)

            

    

     

    The
Primary Creditor’s right guaranteed by this Agreement: a kind of or kinds
of credit including but not limited to all varieties of loan and all possible
debts arising from intermediary business provided to the debtor continuously
between 21st June 2007 and 20th June 2010
(hereinabove referred to as “period of debts”. The total amount of the
above-mentioned debts during the period of debts shall not exceed RMB THIRTY THREE MILLION FIVE HUNDRED
THOUSAND
CHINESE YUAN ONLY (or other currencies with equivalent value). The amount
of the debts shall be converted according to the exchange rate determined by the
Creditor itself in case that the currency of the debt is foreign
currency.

    
      	
              7.3

            	
              Settlement
      of Breaches (in correspondence with Clause 2, Article
  5)

            

    

     

    Liquidated
damage: accounting for 5% of the total
amount of the debts.

    
      	
              7.4

            	
              The
      appendixes of this Agreement includes: (in correspondence with Para.1,
      Clause 3, Article 6)

            

    

     

    (1)

    (2)

    (3)

    (4)

    (5)

    
      	
              7.5

            	
              Other
      provisions (in correspondence with Item 1, Clause 3, Article
      6)

            

    

     

    
      
         

      

      
        Page
10

        
          

        

      

      
         

      

    

     

    
      	
              SHANGHAI PUDONG DEVELOPMENT BANK

            	  	
              MAXIMUM GUARANTEE AGREEMENT

            

    

     

    
      	
              7.6

            	
              The
      Agreement shall be in   
      originals, respectively held by the Guarantor, the Debtor,
      and    , and the originals have same legal
      effect.

            

    

     

    (No text
in the signature page)

    

    In
witness hereof the parties hereto have accurate and correct understanding of
legal definition of rights, obligations and limitation or exemption of liability
and have conducted detailed description and negotiation of all clauses, free of
any doubt, to execute this Agreement on 21st  June,
2007.

    

    Guarantor
(Common Seal) Henan Shuncheng Group Coal Coke Co., Ltd

    Legal
Representative/Authorized Representative: /s Wang Xinshun

    (Signature/Seal)

    

    Creditor
(Common Seal) Shanghai Pudong Development Bank

    Legal
Representative/Authorized Representative:

    (Signature/Seal)
[illegible]

    

    (Applicable
to the corporation mentioned hereinabove)

     

    
      
         

      

      
        Page
11Unassociated Document

    Exhibit
10.85

    

    Guarantee
Agreement

        

    ZHZL (10)
02ZL009-BZ003

    

    This
Guarantee Agreement (the "Agreement") is entered into by and
between:

    

    The
Creditor (the Lessor): AVIC 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

    

    The
Debtor (the Lessee): Anshan Minshan Nonferrous Metal Co., Ltd.

    Registered
Address: Hedamin Villiage, Matoujian Town, Long’an District, Anyang
City.

    Legal
Address: Hedamin Villiage, Matoujian Town, Long’an District, Anyang
City.

    Legal
Representative: He Qiuan

    Telephone
and Fax: 0372-2727888

    

    The
Guarantor: 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.

    Postcode:
455000

    Telephone
and Fax: 0372-3206721

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    WHEREAS,

    

    
      	
              (1)

            	
              AVIC
      International Leasing Co., Ltd (the “Creditor”) and Anshan Minshan
      Nonferrous Metal Co., Ltd.(the “Debtor”) entered into a Financial Leasing
      Agreement (the "Leasing Agreement") with the reference number of
      ZHZL(10)02ZL009 on 31 March 2010, according to which the Creditor (the
      Lessor) agreed to provide the Debtor (the Lessee) with the financing
      leasing service in accordance with the
Lease.

            

    

    

    
      	
              (2)

            	
              The
      Guarantor agrees to provide, and the Creditor (the Lessor) agrees to
      accept the guarantee provided by the Guarantor 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
      Guarantor guarantees that the Debtor (the Lessee) will duly perform all of
      its obligations under the Lease, the mode of guarantee provided by the
      Guarantor 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 Guarantor

            

    

    

    
      	
              2.1

            	
              The
      scope of guarantee of the Guarantor 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 all the proportion of payable amount
      increased at times according to the
Lease);

            

    

    
      	
               
      

            	
              2)

            	
              Guarantee
      money, 0-period rent, management fee and purchase price for the end
      period;

            

    

    
      	
               
      

            	
              3)

            	
              Delay
      of performance penalty;

            

    

    
      	
               
      

            	
              4)

            	
              Compensation
      for damages;

            

    

    
      	
               
      

            	
              5)

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

            

    

    
      	
               
      

            	
              6)

            	
              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, became invalid or cannot be executed for any
      reason.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              2.2

            	
              With
      regard to the guarantee provided under this Agreement, the Guarantor has
      fully read and understood the Lease Agreement  and all the
      obligations and liabilities of the Debtor (the Lessee) under the Lease
      Agreement.

            

    

    

    2.3 The
Guarantor, Henan Shuncheng Group Coal Coke Co. Ltd., shall be liable for
guarantee liability no more than TWENTY-FIVE MILLION ONE HUNDRED AND SIXTEEN
THOUSAND ONE HUANDRED AND TWENTY POINT ONE THREE YUAN (RMB
25,116,120.13)

    

    
      	
              3.

            	
              Performance
      of Guarantee Liability

            

    

    

    If the
Debtor (the Lessee) fails to perform any debt according to the Lease, the
Guarantor shall perform the debt with unlimited joint liability.  If
such debt is not monetary debt and it cannot be performed by the Guarantor, the
Guarantor shall compensate all the damages of the Lessor arising from 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 Agreement, 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 Guarantor for the performance of the
guarantee liabilities of the Guarantor under this Agreement.  Within
(5) days after the receipt of such performance notice, the Guarantor shall
fulfill the guarantee liabilities to the Creditor (the Lessor) based on such
performance notice.  If the Guarantor delays to fulfill the guarantee
liabilities, 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.

    

    
      	
              4.

            	
              Representations
      and Warranties of the Guarantor

            

    

    

    The
Guarantor hereby represents and warrants that:

    
      	
              1)

            	
              The
      Guarantor, Henan Shuncheng Group Coal Coke Co. Ltd., is duly registered as
      a enterprise legal person and exists in good standing in the People’s
      Republic of China (business license of legal person is                                  ).

            

    

    
      	
              2)

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

            

    

    
      	
              3)

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

            

    

    
      	
              4)

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

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              5)

            	
              The
      Guarantor 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 Agreement. Where the debts under the Lease
Agreement become mature due to any events as stipulated by laws, regulations or
this Lease Agreement, the term of guarantee under this Agreement shall be two
years commencing from the first date following such maturity date.

    

    
      	
              6.

            	
              Effectiveness
      of Guarantee

            

    

    

    
      	
              6.1

            	
              This
      guarantee is an unconditional 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
Guarantor;

            

    

    
      	
               
      

            	
              3)

            	
              Any
      changes to the Lease Agreement conducted by the Creditor (Lessor) and the
      Debtor (the Lessee).

            

    

    
      	
               
      

            	
              4)

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

            

    

    

    
      	
              6.2

            	
              If
      the Lease Agreement became invalid or be terminated due to the fault of
      the Debtor (the Lessee), the Guarantor shall assume compensation
      liabilities for all the losses of the Creditor (the
    Lessor).

            

    

    

    
      	
              7.

            	
              Assignment

            

    

    

    
      	
              7.1

            	
              Without
      written consent of the Creditor (the Lessor), the Guarantor 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
      Guarantor.  The Guarantor 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
      Guarantor agree to promptly notice the Creditor (the Lessor) any of the
      following cases:

            

    

    
      	
               
      

            	
              1)

            	
              Change
      of business scope of the Guarantor;

            

    

    
      	
               
      

            	
              2)

            	
              Close
      down of the Guarantor;

            

    

    
      	
               
      

            	
              3)

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

            

    

    
      	
               
      

            	
              4)

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

            

    

    
      	
               
      

            	
              5)

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

            

    

    
      	
               
      

            	
              6)

            	
              The
      Guarantor is under any litigation, arbitration or administrative
      procedures instituted by other party, of which if the final decision is
      adverse, the capacity of the Guarantor 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).

    

    
      	
              10.

            	
              Miscellaneous

            

    

    

    
      	
              10.1

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

            

    

    

    
      	
              10.2

            	
              This
      Agreement shall be effective in satisfying the following
      conditions:

            

    

    

    
      	
               
      

            	
              (i)

            	
              Each
      legal representative or authorized agent  sign and stamp, and
      complete relevant notarization
procedures.

            

    

    

    
      	
               
      

            	
              (ii)

            	
              After
      the creditor receives the consent of shareholders’ Board/Directors’ Board
      which agrees with the Guarantee resolution of this
      Agreement.  This Agreement is executed in eight original copies,
      of which Chinese version prevails.  Creditor (lessor) and
      guarantor hold two sets respectively, the rest to be kept in the debtor’s
      (lessee) place.  Each of them are equally
  valid.

            

    

    

    
      	
              10.3

            	
              This
      Agreement constitute 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
      Guarantor 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 Guarantor fails to perform any of the obligations under this Agreement
      or the Lease, the Creditor (the Lessor) may submit such information to any
      credit information institution or credit rating institution without any
      consent of the Guarantor or any notice to the Guarantor 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 / Guarantor 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
      Guarantor 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 International Leasing Co., Ltd.

    

    (Stamp)

    

    (Signature):  /s/
Zhao Changwei

    Title:

    Date:

    

    The
Debtor (the Lessee): Anshan Minshan Nonferrous Metal Co., Ltd.

    

    (Stamp)

    

    (Signature):
[illegible]

    Title:

    Date: [],
2010

    

    The
Guarantor: Henan Shuncheng Group Coal Coke Co. Ltd..

    

    (Stamp)

    

    (Signature):  /s/
Wang Feng

    Title:

    Date: [],
2010

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