Document:

Unassociated Document

    
      Exhibit
10.55

      

    

    
      
        
          	
                  SHANGHAI PUDONG DEVELOPMENT
      BANK

                	
                  MAXIMUM
      GUARANTEE AGREEMENT

                

        

      

    

    

    NO.
ZB760110092812600[_]

    

    SHANGHAI
PUDONG DEVELOPMENT BANK

     

    Form
of Maximum Amount Guarantee Agreement

    
      
         

      

      
        Page
1

        
          

        

      

      
         

      

    

    
      

    

    
      
        
          	
                  SHANGHAI PUDONG DEVELOPMENT
      BANK

                	
                  MAXIMUM
      GUARANTEE AGREEMENT

                

        

      

    

    

    Form
of Maximum Amount Guarantee Agreement

    

    Guarantor:

    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 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 term
“maturity” and “expiry” stated in this Agreement includes the situation when the
Creditor announces the early maturity.

    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
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:

     

    
      	
              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;

            

    

    
      
         

      

      
        Page
3

        
          

        

      

      
         

      

    

    
      

    

    
      
        
          	
                  SHANGHAI PUDONG DEVELOPMENT
      BANK

                	
                  MAXIMUM
      GUARANTEE AGREEMENT

                

        

      

    

     

    
      	
              3.2

            	
              The
      Guarantor 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 senior governing
authority.

            

    

     

    
      	
            	
              4.1.3

            	
              the
      Guarantor undertakes to submit relevant financial materials or income
      certification as required by the Creditor during the signature and
      execution of the AGREEMENT;

            

    

     

    
      	
            	
              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 repaid, 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.

            

    

    
      
         

      

      
        Page
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;

            

    

    
      
         

      

      
        Page
8

        
          

        

      

      
         

      

    

    
      

    

    
      
        
          	
                  SHANGHAI PUDONG DEVELOPMENT
      BANK

                	
                  MAXIMUM
      GUARANTEE AGREEMENT

                

        

      

    

     

    
      	
            	
              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.

            

    

     

    
      	
            	
              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 the 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.

    
      
         

      

      
        Page
9

        
          

        

      

      
         

      

    

    
      
        

      

      
        
          
            	
                    SHANGHAI PUDONG DEVELOPMENT
      BANK

                  	
                    MAXIMUM
      GUARANTEE
AGREEMENT

                  

          

        

      

    

     

    
      	
              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.

            

    

     

    
      	
            	
              (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 26th June, 2009 and
      25th June, 2011.
      The Creditor of this Agreement is Zhengzhou Branch,
      Shanghai Pudong Development Bank stated in the
      AGREEMENT;

            

    

    
      	
               
      

            	
              (2)

            	
              The
      debtor under the AGREEMENT is Henan
      Shuncheng Group Coal Coke Co., Ltd. Domicile:
      Nangongye
      Rd.,
      Tongye Town, Anyang.

            

    

    

    
      	
              7.2

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

            

    

     

    The
Principal 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 26th June, 2009 and
25th June, 2011
(hereinabove referred to as “period of debts”. The total amount of the
above-mentioned debts during the period of debts shall not exceed RMB SIXTY-SEVEN MILLION
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 five percentage 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)

    
      
         

      

      
        Page
10

        
          

        

      

      
         

      

    

    
      
        

      

      
        
          
            	
                    SHANGHAI PUDONG DEVELOPMENT
      BANK

                  	
                    MAXIMUM
      GUARANTEE AGREEMENT

                  

          

          
          

        

      

    

    
      	
              7.5

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

            

    

    

    
      	
              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 Guarantor confirms that during the signature of the
Agreement, 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 26th June, 2009 between
the Guarantor and the Creditor.

    

    Guarantor
(Common Seal)

    Legal
Representative/Authorized Representative:

    (Signature/Seal)

    

    Creditor
(Common Seal)

    Legal
Representative/Authorized Representative:

    (Signature/Seal)

    

    Guarantor
(signature)

    
      
         

      

      
        Page
11

        
          

        

      

      
         

      

    

    
      
        

      

      
        
          
            	
                    SHANGHAI PUDONG DEVELOPMENT
      BANK

                  	
                    MAXIMUM
      GUARANTEE
AGREEMENT

                  

          

        

      

    

    

    Agreement
of Spouse which shares the common assets (applicable to Guarantor as natural
person):

    

    Appendix:

    

    Regarding the agreement in
execution of the common assets

    

    To:
Shanghai Pudong Development Bank

    

                        (ID
no:                     ),
as the legal spouse of
                   ,
has signed and executed the maximum amount guarantee (no: ZB7601200092812600[_])
and now gives the following commitments:-

    

    I am
familiar with the signature of guarantee agreement signed by                  .
I agree with the signature and execution of the guarantee agreement, and agree
with the terms of the guarantee agreement. When the Guarantor complies with
Guarantee Agreement so as  to bare the guarantee liabilities, the
creditors have the right to penalize the properties of the common
assets.

    

    Date: 26
June 2009

    

                           

    

    Attachment:

    
      	
               
      

            	
              1.

            	
              Copy
      of ID certificate

            

    

    
      	
               
      

            	
              2.

            	
              Copy
      of marriage certificate

            

    

    
      
         

      

      
        Page
12Unassociated Document

    

      Exhibit
10.56

      

      Agreement
No.: YHZL (09) 02ZL024-BZ001

       

      Guarantee
Agreement

      

      among

      

      AVIC I
International Leasing Co., Ltd.

      

      The
Creditor

      

      Henan
Shuncheng Group Coal Coke Co., Ltd.

      

      the
Debtor

      

      and

      

      Wang
Xinshun, Wu Fengyun, Wang Xinming. Liang Chun'e, Cheng Junsheng, Wu
Lingling

      

      the
Guarantors
 

      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: Wang Xinshun

      ID No.:
410522196102260639

      Address:
No. 5, Entrance 4, Building 8, Yard 19, Friendship Road, Beiguan District,
Anyang City, Henan Province.

      Telephone:
0372-2586009

      Postcode:
455000

      

      The
Guarantor: Wu Fengyun

      ID No.:
410502196106152023

      Address:
No. 5, Entrance 4, Building 8, Yard 19, Friendship Road, Beiguan District,
Anyang City, Henan Province.

      Telephone:
0372-2586009

      Postcode:
455000

      

      The
Guarantor: Wang Xinming

      

      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 Cent (¥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 (5) 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.

      

      The other
agreements regarding guarantee liabilities between guarantors of this agreement
does not affect the above-mentioned rights of the creidtors.

      

      
        	
                4.

              	
                Representations
      and Warranties of the Guarantors

              

      

      

      The
Guarantors hereby represents and warrants that:

      
        	
                1)

              	
                The
      Guarantors Wang Xinshun, Wu Fengyun, Wang Xinming. Liang Chun'e, Cheng
      Junsheng, and Wu Lingling are PRC citizens with PRC nationality and full
      civil capacity for action.

              

      

      
        	
                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).

              

      

      
        	
                 
      

              	
                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

              	
                This
      Agreement shall come into effect when it is signed or stamped by the
      parties.  This Agreement shall be executed in ten 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: Wang Xinshun

      

      (Signature):  /s/
Wang Xinshun

      Date:
November 3rd,
2009

      

      The
Guarantor: Wu Fengyun

      

      (Signature):  /s/
Wang Feng

      Date:
November 3rd,
2009

      

      The
Guarantor: Wang Xinming

      

      (Signature):  /s/
Wang Feng

      Date:
November 3rd,
2009

      

      The
Guarantor: Liang Chun'e

      

      (Signature):  /s/
Wang Feng

      Date:
November 3rd,
2009

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      The
Guarantor: Cheng Junsheng

      

      (Signature):  /s/
Wang Feng

      Date:
November 3rd,
2009

       

      The
Guarantor: Wu Lingling

      

      (Signature):  /s/
Wang Feng

      Date:
November 3rd,
2009

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]