Document:

FORM
OF CONVERTIBLE NOTE

    

    THIS
NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE AND THE
COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED FOR
SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

    

    
      	
              Principal
      Amount: $10,000,000.00

            	
              Issue
      Date: August ___, 2010

            

    

    

    3%
CONVERTIBLE NOTE

    

    FOR VALUE
RECEIVED, Jintai Mining Group, Inc., a Delaware corporation (“Jintai Delaware”)
and Huanjiang Jintai Mining Co., Limited, a limited liability Companies formed
in the People’s Republic of China (“PRC”) (“Huanjiang Jintai”) (collectively the
“Borrowers”), jointly and severally promise to pay to ____________ (the
“Holder”), without demand, the sum of Ten Million Dollars ($10,000,000), with
interest thereon as set forth below, on or before August ___, 2011 (the
“Maturity Date”), if not paid sooner.

    

    This
convertible note (the “Note”) has been entered into pursuant to the terms of a
Subscription Agreement between the Borrowers and the Holder, of even date
herewith (the “Subscription Agreement”), and shall be governed by the terms of
such Subscription Agreement. Unless otherwise separately defined herein, all
capitalized terms used in this Note shall have the same meaning as is set forth
in the Subscription Agreement. The following terms shall apply to this
Note:

    

    ARTICLE
I

    

    GENERAL
PROVISIONS

    

    1.1.         Interest Rate.
Interest payable on this Note shall accrue at the rate of three percent (3%) per
annum and shall be payable on the Maturity Date. Interest will be payable in
cash or, provided an Event of Default, or an event which with the passage of
time or giving of notice could become an Event of Default, has not occurred, at
the election of the Holder, by the delivery of registered shares of Jintai
Delaware’s common stock, par value $0.0001 (the “Common Stock”). The conversion
of accrued interest due on this Note into Common Stock shall be calculated in
accordance with Article II hereof.

    

    1.2.         Payment Grace Period.
The Borrowers shall have a twelve (12) business day grace period to pay any
monetary amounts due under this Note, after which grace period and during the
pendency of an Event of Default (as defined in Article III), a default interest
rate of twelve percent (12%) per annum shall apply to the amounts owed
hereunder.

    

    1.3.         Conversion
Privileges. The conversion rights of the Holder as set forth in Article
II of this Note shall remain in full force and effect immediately from the date
hereof and until the Note is paid in full, regardless of the occurrence of an
Event of Default. The principal amount of the Note and the unpaid interest shall
be payable in full on the Maturity Date, unless previously paid or converted
into Common Stock in accordance with Article II hereof.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    1.4.         Application of
Payments. Payments received by Holder from Borrowers shall be applied
first to outstanding liquidated and other damages, if any, then to accrued but
unpaid interest, and thereafter, to principal.

    

    1.5.         Optional Redemption by
Borrowers. At any time after the date of issuance of this Note, the
Borrowers may deliver a notice to the Holder (an “Optional Redemption Notice”
and the date such notice is deemed delivered hereunder, the “Optional Redemption
Notice Date”) of its irrevocable election to redeem, without penalty, all of the
then outstanding principal amount and interest due on this Note for cash in an
amount equal to 125% of the then outstanding principal and accrued and unpaid
interest hereunder (“Optional Redemption Amount”), on the 30th day
following the Optional Redemption Notice Date (such date, the “Optional
Redemption Date” and such redemption, the “Optional Redemption”). The Optional
Redemption Amount may not be paid prior to the Optional Redemption Date. The
Optional Redemption Amount shall payable in full on the Optional Redemption
Date. The Borrowers covenant that Jintai Delaware will honor all Notices of
Conversion tendered from the time of delivery of the Optional Redemption Notice
through the date all amounts owing thereon are due and paid in
full.

    

    ARTICLE
II

    

    CONVERSION
RIGHTS

    

    The
entire principal amount under this Note and the accrued but unpaid interest
thereon shall convert, or may be converted by the Holder, into shares of Jintai
Delaware’s Common Stock as set forth below.

    

    2.1          Automatic Conversion into
Jintai Delaware’s Common Stock.  In the event that Jintai
Delaware conducts an initial public offering (“IPO”) of its shares of Common
Stock, the outstanding principal amount under this Note, and the accrued and
unpaid interest thereon, as of the date of such IPO shall automatically be
converted into fully paid and non-assessable shares of Common Stock, at the
Conversion Price (as defined in Section 2.2(b) hereof) set forth in Section
2.2(c) below.

    

    2.2          Voluntary Conversion into
Jintai Delaware’s Common Stock.

    

    (a)           The
Holder shall have the right from and after the Issue Date of the issuance of
this Note and then at any time until this Note is fully paid, to convert any
outstanding and unpaid principal amount of this Note, at the election of the
Holder (the date of giving of such notice of conversion being a “Conversion
Date”) into fully paid and non-assessable shares of Common Stock, or any shares
of capital stock of Jintai Delaware into which such Common Stock shall hereafter
be changed or reclassified, at the Conversion Price (as defined in Section
2.2(b) hereof) determined as provided herein. Upon delivery to the Borrowers of
a completed Notice of Conversion, a form of which is annexed as Exhibit A
hereto, Borrowers shall issue and deliver to the Holder within three (3)
business days after the Conversion Date (such third day being the “Delivery
Date”) such number of shares of Common Stock for the portion of the Note
converted in accordance with the foregoing. The number of shares of Common Stock
to be issued upon each conversion of this Note shall be determined by dividing
that portion of the principal and interest of the Note to be converted, by the
Conversion Price.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (b)          Subject
to adjustment as provided for in Section 2.2(c) hereof, the conversion price per
share of Common Stock shall be the offering price for the Common Stock in the
IPO, provided however that in the event that the IPO is not conducted by Jintai
Delaware within ninety (90) days from the date hereof, the Holder may opt to
convert the unpaid principal of the Notes, and all accrued and unpaid interest
thereon, pursuant to Section 2.2(a) above at a Conversion Price of four dollars
($4.00) per share (the “Conversion Price”).

    

    (c)           The
Conversion Price and the number and kind of shares or other securities to be
issued upon conversion of this Note, shall be subject to adjustment from time to
time upon the happening of certain events while this conversion right remains
outstanding, as follows:

    

    (i.)           Merger, Sale of Assets,
etc. If the Borrowers at any time shall consolidate with or merge into or
sell or convey all or substantially all its assets to any other corporation,
this Note, as to the unpaid principal portion thereof and accrued interest
thereon, shall thereafter be deemed to evidence the right to purchase such
number and kind of shares or other securities and property as would have been
issuable or distributable on account of such consolidation, merger, sale or
conveyance, upon or with respect to the securities subject to the conversion or
purchase right, immediately prior to such consolidation, merger, sale or
conveyance. The foregoing provision shall similarly apply to successive
transactions of a similar nature by any such successor or purchaser. Without
limiting the generality of the foregoing, the anti-dilution provisions of this
Section shall apply to such securities of such successor or purchaser or
surviving entity of the surviving corporation after any such consolidation,
merger, sale or conveyance; or

     

    (ii.)          Stock Splits, Combinations
and Dividends. If the shares of Common Stock are subdivided or combined
into a greater or smaller number of shares of Common Stock, or if a dividend is
paid on the Common Stock in shares of Common Stock, the Conversion Price shall
be proportionately reduced in case of subdivision of shares or stock dividend or
proportionately increased in the case of combination of shares, in each such
case by the ratio which the total number of shares of Common Stock outstanding
immediately after such event bears to the total number of shares of Common Stock
outstanding immediately prior to such event.

    

    (d)          Whenever
the Conversion Price is adjusted pursuant to Section 2.2(c) above, Jintai
Delaware shall promptly provide notice to the Holder setting forth the
Conversion Price after such adjustment and setting forth a statement of the
facts requiring such adjustment.

    

    (e)           Jintai
Delaware will reserve from its authorized and unissued shares of Common Stock,
the number of shares of Common Stock during the time periods and in the amounts
described in the Subscription Agreement. Jintai Delaware represents that upon
issuance, such shares of Common Stock will be duly and validly issued, fully
paid, and non-assessable.  Jintai Delaware agrees that its issuance of
this Note shall constitute full authority to its officers, agents, and transfer
agents who are charged with the duty of executing and issuing stock
certificates, to execute and issue the necessary certificates for shares of
Jintai Delaware’s Common Stock upon the conversion of this Note.

    

    2.3          No Fractional Shares.
No fractional shares of Common Stock shall be issued upon conversion of this
Note, but an adjustment in cash will be made, in respect of any fraction of a
share (which will be valued based on the Conversion Price) which would otherwise
be issuable upon the surrender of this Note for conversion, and a check in the
amount of the value of such fractional share shall be delivered to the
Holder.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    2.4          Method of Conversion.
This Note may be converted by the Holder in whole or in part, as described
above. Upon partial conversion of this Note, a new Note containing the same date
and provisions of this Note shall, at the request of the Holder, be issued by
the Borrowers to the Holder for the principal balance of this Note and interest
which shall not have been converted or paid.

    

    ARTICLE
III

    

    EVENT
OF DEFAULT

    

    The
occurrence of any of the following events of default (“Event of Default”) shall,
at the option of the Holder hereof, make all sums of principal and accrued
interest then unpaid hereon immediately due and payable, upon demand, without
presentment or grace period, all of which hereby are expressly waived, except as
set forth below:

    

    3.1          Failure to Pay Principal or
Interest. The Borrowers fail to pay any amount when due, and such failure
continues for a period of twelve (12) business days after the due date. The
twelve (12) day period described in this Section 3.1 is the same twelve (12)
business day period described in Section 1.1 hereof.

    

    3.2          Breach of Covenant.
The Borrowers breaches any material covenant or other material term or condition
of the Subscription Agreement, or any other material term or condition of this
Note, in any material respect, and such breach continues for a period of twelve
(12) business days.

    

    3.3          Breach of Representations
and Warranties. Any material representation or warranty of the Borrowers
made herein, in any Transaction Document, or in any agreement, statement or
certificate given in writing pursuant hereto, or in connection herewith or
therewith, shall be false or misleading in any material respect as of the date
made and as of the Closing Date.

    

    3.4          Receiver or Trustee.
The Borrowers shall make an assignment for the benefit of creditors, or apply
for or consent to the appointment of a receiver or trustee for it or for a
substantial part of its property or business, or such a receiver or trustee
shall otherwise be appointed without the consent of the Borrowers, if such
receiver or trustee is not dismissed within forty-five (45) days from
appointment.

    

    3.5          Judgments. Any money
judgment, writ or similar final process amounting to more than $1,000,000 shall
be entered or filed against the Borrowers or any of its property or other
assets, and shall remain unpaid, unvacated, unbonded or unstayed for a period of
forty-five (45) days therefrom.

    

    3.6          Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other
proceedings for relief under any bankruptcy law, or the issuance of any notice
in relation to such event, shall be instituted by or against the Borrowers and
the same is not dismissed within forty-five (45) days of
initiation.

    

    3.7          Failure to Deliver Common
Stock or Replacement Note. Jintai Delaware’s failure to deliver the
Common Stock to the Holder pursuant to and in the form required by this Note,
or, if required, a replacement Convertible Note, more than ten (10) business
days after the required delivery date of such Common Stock or replacement
Convertible Note.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    3.8          Reservation Default.
The failure by the Borrowers to have reserved for issuance upon conversion of
the Note the number of shares of Common Stock as required to enable the Holder
to convert the Note into Common Stock, as set forth herein, and such failure
continues uncured for a period of 10 business days.

    

    ARTICLE
IV

    

    MISCELLANEOUS

    

    4.1          Failure or Indulgence Not
Waiver. No failure or delay on the part of the Holder hereof in the
exercise of any power, right or privilege hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such power, right or
privilege preclude other or further exercise thereof. All rights and remedies
existing hereunder are cumulative to, and not exclusive of, any other rights or
remedies otherwise available to the Holder.

    

    4.2          Notices. All notices,
demands, requests, consents, approvals, and other communications required or
permitted hereunder shall be in writing and, unless otherwise specified herein,
shall be (a) personally served, (b) deposited in the mail, registered or
certified, return receipt requested, postage prepaid, (c) delivered by a
reputable overnight courier service with charges prepaid, or (d) transmitted by
telegram or facsimile, addressed as set forth below, or to such other address as
such party shall have specified by written notice. Any notice or other
communication required or permitted to be given hereunder shall be deemed
effective (i) upon hand delivery or delivery by telegram or facsimile, with
accurate confirmation generated by the transmitting facsimile machine, at the
address or number designated below (if delivered on a business day during normal
business hours where such notice is to be received), or the first business day
following such delivery (if delivered other than on a business day during normal
business hours where such notice is to be received), (ii) on the first business
day following the date deposited with an overnight courier service with charges
prepaid, or (iii) on the third business day following the date of mailing
pursuant to subpart (b) above, or upon actual receipt of such mailing, whichever
shall first occur. The addresses for such communications shall be:

    

    
      
        
          
            
              
                	
                        To
      Companies:

                      	 	
                        Jintai
      Mining Group, Inc.,

                      
	 
      	 	
                        No.
      48 Qiaodong Road, Sien Town,

                      
	 
      	 	
                        Huanjiang
      County Hechi City,

                      
	 
      	 	
                        Guangxi
      Province, China

                      
	 
      	 	
                        Attn:
      Kuizhong Cai

                      
	 
      	 	
                        Fax:
      (86 0778) 220-5911.

                      
	 
      	 	 
      
	 
      	 	
                        Huanjiang
      Jintai Mining Co., Limited

                      
	 
      	 	
                        No.
      48 Qiaodong Road, Sien Town,

                      
	 
      	 	
                        Huanjiang
      County Hechi City,

                      
	 
      	 	
                        Guangxi
      Province, China

                      
	 
      	 	
                        Attn:
      Kuizhong Cai

                      
	 
      	 	
                        Fax:
      (86 0778) 220-5911.

                      
	 
      	 	 
      
	
                        With
      a copy by fax to:

                      	 	
                        Gersten
      Savage LLP

                      
	 
      	 	
                        600
      Lexington Avenue, 9th Fl.

                      
	 
      	 	
                        New
      York, NY 10022

                      
	 	 	

                        Attn:
      Arthur  Marcus, Esq. 

                      
	 	 	

                        Phone:
      (212) 752-9700 

                      
	 	 	

                        Fax:
      (212)
980-5192

                      

              

            

          

        

      

    

    
      
         

      

      
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                                  To
      Subscribers:

                                	 	 
      
	 
      	 	 
      
	 
      	 	 
      
	 
      	 	
                                  Phone:

                                	 
      
	 
      	 	
                                  Fax:

                                	 
      

                        

                      

                    

                  

                

              

            

          

        

      

    

                   

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                With
      a copy by fax to:

                              	 	 
      
	 
      	 	 
      
	 
      	 	 
      
	 
      	 	
                                Phone:

                              	 
      
	 
      	 	
                                Fax:

                              	 
      

                      

                    

                  

                

              

            

          

        

      

    

    

    4.3          Amendment Provision.
The term “Note” and all reference thereto, as used throughout this instrument,
shall mean this instrument as originally executed, or if later amended or
supplemented, then as so amended or supplemented.

    

    4.4          Assignability. This
Note shall be binding upon the Borrowers and its successors and assigns, and
shall inure to the benefit of the Holder and its successors and assigns. This
Note shall not be divided by the Holder except in increments of not less than
$1,000,000 in principal amount and, in any event, the Holder shall immediately
provide the Borrowers written notice of an assignment of any of the rights under
this Note.

    

    4.5          Cost of Collection.
If default is made in the payment of this Note, Borrowers shall pay the Holder
hereof all reasonable costs of collection, including reasonable attorneys'
fees.

    

    4.6          Governing Law. This
Note shall be governed by, and construed in accordance with, the laws of the
State of New York. Any action brought by either party against the other
concerning the transactions contemplated by this Agreement shall be brought only
in the state or Federal courts located in the State and County of New York. All
parties agree to submit to the jurisdiction of such courts. The prevailing party
shall be entitled to recover from the other party its reasonable attorney’s fees
and costs. In the event that any provision of this Note is held invalid or
unenforceable under any applicable statute or rule of law, then such provision
shall be deemed inoperative to the extent that it may conflict therewith and
shall be deemed modified to conform with such statute or rule of law. Any such
provision which may prove invalid or unenforceable under any law shall not
affect the validity or unenforceability of any other provision of this Note.
Nothing contained herein shall be deemed or operate to preclude the Holder from
bringing suit or taking other legal action against the Borrowers in any other
jurisdiction to collect on the Borrowers's obligations to Holder, to realize on
any collateral or any other security for such obligations, or to enforce a
judgment or other decision in favor of the Holder. This Note shall be deemed an
unconditional obligation of Borrowers for the payment of money and, without
limitation to any other remedies of Holder, may be enforced against Borrowers by
summary proceeding pursuant to New York Civil Procedure Law and Rules Section
3213, or any similar rule or statute in the jurisdiction where enforcement is
sought. For purposes of such rule or statute, any other document or agreement to
which Holder and Borrowers are parties or which the Borrowers deliver to the
Holder, which may be convenient or necessary to determine Holder’s rights
hereunder, or Borrowers’ obligations to Holder are deemed a part of this Note,
whether or not such other document or agreement was delivered together herewith
or was executed apart from this Note.

    
      
         

      

      
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    4.7          Maximum Payments.
Nothing contained herein shall be deemed to establish or require the payment of
a rate of interest or other charges in excess of the maximum rate permitted by
applicable law. In the event that the rate of interest required to be paid or
other charges hereunder exceed the maximum rate permitted by applicable law, any
payments in excess of such maximum rate shall be credited against amounts owed
by the Borrowers to the Holder.

    

    4.8          Shareholder Status.
The Holder shall not have rights as a shareholder of Jinta Delaware with respect
to unconverted portions of this Note. However, the Holder will have all the
rights of a shareholder of the Borrowers with respect to the shares of Common
Stock to be received by Holder after delivery by the Holder of a Conversion
Notice to the Borrowers.

    

    [THIS
SPACE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, each of
the Borrowers has caused this Note to be signed in their names by an authorized
officer as of the ____ day of August, 2010.

    

    
      
        
          
            
              
                
                  
                    	
                            JINTAI
      MINING GROUP, INC.

                          
	 
      
	
                            Date:

                          
	 
      
	
                            By:

                          	 
      
	 
      
	
                            Name:

                          	 
      
	 
      
	
                            Title:

                          	 
      
	 
      
	
                            HUANJIANG
      JINTAI MINING CO.LTD

                          
	 
      
	
                            Date:

                          
	 
      
	
                            By:

                          	 
      
	 
      
	
                            Name:

                          	 
	 
      
	
                            Title:

                          	 
      

                  

                

              

            

          

        

      

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    EXHIBIT A TO CONVERTIBLE
NOTE

    

    NOTICE OF
CONVERSION

    

    (To be
executed by the Registered Holder in order to voluntarily convert the
Note)

    

    The
undersigned hereby elects to convert the principal amount of the Convertible
Note (the “Note”) issued by Jintai Mining Group, Inc. on August  ___,
2010, and the accrued but unpaid interest thereon, into shares of Common Stock
of Jintai Mining Group, Inc. according to the conditions set forth in such Note,
as of the date written below.

    

    
      
        
          
            
              
                
                  
                    	
                            Date of Conversion:

                          	  	 
	  	  	 
	
                            Amount to be Converted:

                          	  	 
	  	  	 
	
                            Shares To Be Delivered:

                          	  	 

                  

                

              

            

          

        

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    Signature:

                                  	  	 
	  	  	 
	
                                    Print Name:

                                  	  	 
	  	  	 
	
                                    Address:

                                  	 	 
	  	 
      	 
	 
      	 
      	 

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        9SUBSCRIPTION
AGREEMENT

     

    This
Subscription Agreement (the “Agreement”) made as of this ___ day of _________,
2010 by and among Jintai Mining Group, Inc., a Delaware corporation (“Jintai
Delaware) and Huanjiang Jintai Mining Co., Limited, a limited liability company
incorporated under the laws of the People’s Republic of China, on the one hand
(“Huanjiang Jintai” and together with Jintai Delaware, the “Issuers”), and Mr.
Dongsheng Yang and Mr. Haibin Zhong, both individuals and residents of the
People’s Republic of China on the other hand (individually a “Subscriber” and
together the “Subscribers”).

    

    WHEREAS, the Issuers are
offering, on a joint and several basis, 3% convertible promissory notes in the
aggregate amount of twenty million dollars ($20,000,000) (the “Notes”), together
with warrants to purchase up to eight hundred thousand (800,000) shares of
common stock of Jintai Delaware (the “Warrants” and together with the Notes, the
“Securities”); and

    

    WHEREAS, each of the
Subscribers desire to purchase Notes and Warrants from the Issuers, in such
amounts as set forth herein.

    

    NOW, THEREFORE, for and in
consideration of the premises and the mutual covenants hereinafter set forth,
the parties hereby agree as follows:

    

    1.           Purchase and Sale of
Notes.  On the Closing Date, and subject to the terms and
conditions of this Agreement, each Subscriber shall purchase, and the Issuers
shall sell to each Subscriber, a Note in the principal amount designated
opposite such Subscriber’s name on the signature page hereto.  The
Notes issued to each of the Subscribers shall be in the form set forth in Exhibit A hereof and shall be
convertible into shares of Jintai Delaware’s common stock, par value $0.0001
(the “Common Stock”), in accordance with the terms set forth in the
Note.  All shares of Common Stock issued or issuable to the
Subscribers upon the conversion of the Note shall be referred to as the
“Shares.”

    

    For
purposes hereof, the “Closing Date” shall be on August ___, 2010, or such other
date as may be agreed upon by the parties hereto.

    

    2.           Issuance of
Warrants.  On the Closing Date, and upon the issuance of the
Notes to the Subscribers, Jintai Delaware shall issue and deliver to each of the
Subscribers Warrants to purchase such number of shares of Common Stock as is set
forth opposite such Subscriber’s name on the signature page
hereto.  The Warrants to be issued to the Subscribers shall be in the
form set forth in Exhibit
B hereof.  The shares of Common stock issued or issuable to the
Subscribers upon the exercise of the Warrants shall be referred to as the
“Warrant Shares.”

    

    3.           Subscriber’s Representations
and Warranties.  Each Subscriber hereby represents and warrants
to, and agrees with the Issuers only as to such Subscriber that:

    

    (a)           Authorization and
Power.  Each Subscriber has the requisite power and authority
to enter into and perform this Agreement and to purchase the Notes and Warrants
being sold to him hereunder. This Agreement constitutes, or shall constitute
when executed and delivered, a valid and binding obligation of the Subscriber,
enforceable against the Subscriber in accordance with the terms
thereof.  The Subscriber has the authority and is duly and legally
qualified to purchase and own the Securities. The Subscriber is able to bear the
risk of his investment for an indefinite period of time and is able to afford a
complete loss thereof.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    (b)          No Violation. The
execution, delivery and performance of this Agreement and the consummation by
such Subscriber of the transactions contemplated hereby or relating hereto do
not and will not result in a violation of any law, rule, or regulation, or any
order, judgment, or decree of any court or governmental agency applicable to
such Subscriber or their respective properties. Such Subscriber is not required
to obtain any consent, authorization, or order of, or make any filing or
registration with, any court or governmental agency in order for him to execute,
deliver, or perform any of its obligations under this Agreement, or to purchase
the Securities in accordance with the terms hereof.

    

    (c)           Information on
Issuers. The Subscriber has received in writing such information
concerning the operations, financial condition and other matters relating to the
Issuers as the Subscriber has requested in writing (the “Written Information”),
and considered all factors the Subscriber deems material in deciding on the
advisability of investing in the Securities.

    

    (d)           Information on
Subscriber. The Subscriber is, and will be at the time of the execution
of this Agreement and the conversion of the Notes and exercise of the Warrants,
a “Non-US Person”, as such term is defined in Regulation S promulgated by the
Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933,
as amended (the “1933 Act”).

    

    (e)           Purchase of Notes and
Warrants. On the Closing Date, the Subscribers will purchase the Notes
and Warrants as principal for their own accounts, for investment purposes only
and not with a view toward, or for resale in connection with, the public sale or
any distribution thereof.

    

    (f)           Note Legend. The
Subscribers are aware and agree that the Note shall bear the following
legend:

    

    “THIS
NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE AND THE
COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED FOR
SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO THE ISSUERS THAT SUCH REGISTRATION IS NOT
REQUIRED.”

    

    (g)           Warrants Legend. The
Subscribers are aware and agree that the Warrants shall bear the following or
similar legend:

    

    “THIS
WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT AND
THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO THIS WARRANT UNDER SAID ACT OR ANY APPLICABLE STATE
SECURITIES LAW OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUERS
THAT SUCH REGISTRATION IS NOT REQUIRED.”

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (h)           Communication of
Offer. The offer to sell the Securities was directly communicated to the
Subscriber by the Issuers. At no time was the Subscriber presented with or
solicited by any leaflet, newspaper or magazine article, radio or television
advertisement, or any other form of general advertising or solicited or invited
to attend a promotional meeting, otherwise than in connection and concurrently
with such communicated offer.

    

    (i)           Restricted
Securities. Subscribers understand that the Securities have not been
registered under the 1933 Act or any state or federal securities law and the
Subscribers will not sell, offer to sell, assign, pledge, hypothecate or
otherwise transfer any of the Securities unless pursuant to an effective
registration statement under the 1933 Act, or unless an exemption from
registration is available. Notwithstanding anything to the contrary contained in
this Agreement, such Subscriber may transfer (without restriction and without
the need for an opinion of counsel) the Securities to its Affiliates (as defined
below) provided that each such Affiliate is an “accredited investor” under
Regulation D, and provided such Affiliate agrees to be bound by the terms and
conditions of this Agreement. For the purposes of this Agreement, an “Affiliate”
of any person or entity means any other person or entity directly or indirectly
controlling, controlled by or under direct or indirect common control with such
person or entity. For purposes of this definition, “control” means the power to
direct the management and policies of such person or firm, directly or
indirectly, whether through the ownership of voting securities, by contract or
otherwise.

    

    (j)           No Governmental
Review. Each Subscriber understands that no United States federal or
state agency, or any other governmental or state agency has passed on or made
recommendations or endorsement of the Securities or the suitability of the
investment in the Securities, nor have such authorities passed upon or endorsed
the merits of the offering of the Securities.

    

    (k)           Correctness of
Representations. Each Subscriber represents as to such Subscriber that
the foregoing representations and warranties are true and correct as of the date
hereof and, unless a Subscriber otherwise notifies the Issuers prior to the
Closing Date, shall be true and correct as of the Closing Date.

    

    4.        
   Issuers Representations and
Warranties. The Issuers represent and warrant to, and agree with each
Subscriber only as to such Issuer that:

    

    (a)           Due Incorporation.
Each of the Issuers are a corporation or other entity duly incorporated or
organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or organization, and has the requisite
corporate power to own its properties and to carry on its business as presently
conducted. The Issuer is duly qualified as a foreign corporation to do business
and is in good standing in each jurisdiction where the nature of the business
conducted or property owned by it makes such qualification necessary, other than
those jurisdictions in which the failure to so qualify would not have a Material
Adverse Effect. For purposes of this Agreement, a “Material Adverse Effect” shall
mean a material adverse effect on the financial condition, results of
operations, properties, or business of the Issuer.

    

    (b)           Outstanding Stock.
All issued and outstanding shares of capital stock of the Issuers have been duly
authorized, validly issued and are fully paid and non-assessable.

    

    (c)           Authority;
Enforceability. This Agreement, the Notes, the Warrants and any other
agreements delivered together with this Agreement or in connection herewith
(collectively “Transaction Documents”) have been duly authorized, executed and
delivered by the Issuers and are valid and binding agreements of the Issuers,
enforceable in accordance with their terms, subject to bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights generally. Each of the
Issuer has full corporate power and authority necessary to enter into and
deliver the Transaction Documents and to perform its obligations
thereunder.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (d)          Consents. No consent,
approval, authorization or order of any court, governmental agency or body or
arbitrator having jurisdiction over the Issuers is required for the execution by
the Issuers of the Transaction Documents and compliance and performance by the
Issuers of their respective obligations under the Transaction Documents,
including, without limitation, the issuance and sale of the Securities. The
Transaction Documents and the Issuers’ performance of their obligations
thereunder have been approved by the Issuers’ directors.

    

    (e)          No Violation or
Conflict. Assuming the representations and warranties of the Subscribers
in Section 4 are true and correct, neither the issuance and sale of the
Securities nor the performance of the Issuers’ obligations under this Agreement
will:

    

    (i)           violate,
conflict with, result in a breach of, or constitute a default (or an event which
with the giving of notice or the lapse of time or both would be reasonably
likely to constitute a default) under (A) the articles or certificate of
incorporation, charter or bylaws of the Issuers; (B) to the Issuers’ knowledge,
any decree, judgment, order, law, treaty, rule, regulation or determination
applicable to the Issuers, of any court, governmental agency or body having
jurisdiction over the Issuers or over the properties or assets of the Issuers;
or (C) the terms of any bond, debenture, note, or any other evidence of
indebtedness, or any agreement, stock option or other similar plan, indenture,
lease, mortgage, deed of trust, or other instrument to which the Issuers are a
party, by which the Issuers are bound, or to which any of the properties of the
Issuers are subject; except where such violation, conflict, breach, or default
would not result in a Material Adverse Effect; or

    

    (ii)           result
in the creation or imposition of any lien, charge or encumbrance upon the
Securities or any of the assets of the Issuers except as described
herein.

    

    (f)           The Securities. Upon
the issuance of the Securities, the same:

    

    (i)        
   are, or will be, free and clear of any security interests,
liens, claims or other encumbrances, subject to restrictions upon transfer under
the 1933 Act and any applicable state securities laws;

    

    (ii)           have
been, or will be, duly and validly authorized, fully paid and non-assessable,
and on the date of issuance of the Shares and the Warrant Shares, the same shall
be duly and validly issued, fully paid and non-assessable and, if registered
pursuant to the 1933 Act and resold pursuant to an effective registration
statement, will be free trading and unrestricted;

    

    (iii)          will
not have been issued or sold in violation of any preemptive or other similar
rights of the holders of any securities of the Issuers; and

    

    (iv)         will
not subject the holders thereof to personal liability by reason of being holders
thereof.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (g)          Litigation. There is
no pending or, to the best knowledge of the Issuers, threatened action, suit,
proceeding, or investigation before any court, governmental agency or body that
would affect the execution by the Issuers or the performance by the Issuers of
their obligations under the Transaction Documents. Except as disclosed in
Schedule 4(g), there are no pending or, to the best knowledge of the Issuers,
basis for or threatened action, suit, proceeding or investigation before any
court, governmental agency or body which litigation if adversely determined
would have a Material Adverse Effect.

    

    (h)          No General
Solicitation. The Issuers, nor to their knowledge, any person acting on
its or their behalf, have not engaged in any form of general solicitation or
general advertising (within the meaning of Regulation D under the 1933 Act) in
connection with the offer or sale of the Securities.

    

    (i)       
    Capitalization. The
authorized and outstanding capital stock of the Issuers as of the date of this
Agreement and the Closing Date (not including the Securities) are set forth on
Schedule 4(i). Except as set forth on Schedule 4(i), there are no options,
warrants, or rights to subscribe to, securities, rights, or obligations
convertible into or exchangeable for, or giving any right to subscribe for, any
shares of capital stock of the Issuers.

    

    (j)      
     Foreign Corrupt
Practices. Neither the Issuers, nor to the knowledge of the Issuers, any
agent or other person acting on their behalf, has (i) directly or indirectly,
used any funds for unlawful contributions, gifts, entertainment, or other
unlawful expenses related to foreign or domestic political activity, (ii) made
any unlawful payment to foreign or domestic government officials or employees,
or to any foreign or domestic political parties or campaigns from corporate
funds, (iii) failed to disclose fully any contribution made by the Issuers (or
made by any person acting on their behalf of which the Issuers are aware) which
is in violation of law, or (iv) violated in any material respect any provision
of the Foreign Corrupt Practices Act of 1977, as amended.

    

    5.           Regulation S Offering/Legal
Opinion.  The offer and issuance of the Securities to the
Subscribers is being made pursuant to an exemption from the registration
provisions of the 1933 Act afforded by Section 4(2) of the 1933 Act and/or
Regulation S promulgated thereunder. On the Closing Date, the Issuers will
provide an opinion reasonably acceptable to Subscriber from the Issuers’ legal
counsel opining on the availability of an exemption from registration under the
1933 Act as it relates to the offer and issuance of the Securities and other
matters reasonably requested by Subscribers.

    

    6.           Broker/Due Diligence/Legal
Fees.

    

    (a)           Broker. The Issuers
on the one hand, and each Subscriber (for himself only) on the other hand, agree
to indemnify the other against, and hold the other harmless from, any and all
liabilities to any persons claiming brokerage commissions or finder’s fees on
account of services purported to have been rendered on behalf of the
indemnifying party in connection with this Agreement or the transactions
contemplated hereby, or in connection with any investment in the Issuers at any
time, whether or not such investment was consummated or arising out of such
party’s actions. The Issuers represent that there are no parties entitled to
receive fees, commissions, or similar payments in connection with the offering,
except as identified on Schedule 6(a) hereof who will receive the amount of
compensation described in Schedule 6(a). The Issuers are solely responsible for
payment to the broker(s) identified on Schedule 6(a).

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (b)          Subscriber’s Legal
Fees. The Issuers shall pay to Gersten Savage LLP, a fee of $10,000
(“Subscriber’s Legal
Fees”) (of which $5,000 has been paid) as reimbursement for services
rendered to the Subscribers in connection with this Agreement and the purchase
and sale of the Notes and Warrants. Gersten Savage LLP will be reimbursed at
Closing for all lien searches, filing fees, and printing and shipping costs for
the closing statements to be delivered to Subscribers.

    

    7.       
    Covenants of the
Issuers.  The Issuers covenant and agree with the Subscribers
as follows:

    

    (a)           Listing.  Jintai
Delaware will use commercially reasonable efforts to list its Common Stock on
NYSE Amex Equities via an Initial Public Offering (“IPO”) within one hundred and
twenty (120) days from the Closing Date.

     

    (b)          Registration.  Jintai
Delaware shall include the Shares and the Warrant Shares in the registration
statement to be filed by it with the SEC for the IPO, in order that such Shares
and Warrant Shares shall be registered.

    

    (c)          Use of Proceeds. The
proceeds of the offering will be used by the Issuers as described on Schedule
7(c).  The proceeds of the Notes may not and will not be used for
accrued and unpaid officer or director salaries, payment of financing-related
debt, redemption of outstanding notes or equity instruments of the Issuers, or
non-trade obligations of the Issuers. For so long as any Notes are outstanding,
without the prior consent of the holders of 50.1% of the amount of the Notes
then outstanding, the Issuers will not prepay any financing related debt
obligations, nor redeem any equity instruments of the Issuers, if the Issuers
have at such time or would have as a result of such prepayment or redemption,
cash or cash equivalents of less than an amount equal to (i) USD $1,500,000
plus, (ii) the total principal amount then outstanding under the
Notes.

    

    (d)          Reservation. Prior to
the Closing Date, and at all times thereafter, the Issuers shall have reserved
from its authorized but unissued Common Stock, such number of Common Stock equal
to 120% of the amount of Common Stock necessary to allow each of the Subscribers
to convert all such outstanding Notes, along with interest thereon, and exercise
their Warrants.

    

    (e)          Books and Records.
From the date of this Agreement and until such time as the Notes are
outstanding, the Issuers will keep true records and books of account in which
full, true and correct entries will be made of all transactions in relation to
their business and affairs, in accordance with generally accepted accounting
principles.

    

    (f)           Governmental
Authorities. From the date of this Agreement and until such time as the
Notes are outstanding, the Issuers shall duly observe and conform, in all
material respects, to all valid requirements of governmental authorities
relating to the conduct of the Issuers’ business or to their properties or
assets.

    

    (g)          Licenses and Permits.
From the date of this Agreement and until such time as the Notes are
outstanding, the Issuers shall maintain in full force and effect their corporate
existence, business license, mining license, exploration license, environment
permits, rights and franchises and all licenses and other rights reasonably
deemed to be necessary to the conduct of their business, unless it is sold for
value.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    8.           Covenants of the Issuers and
Subscriber Regarding Indemnification.

    

    (a)          The
Issuers agree to indemnify, hold harmless, reimburse and defend the Subscribers
against any claim, cost, expense, liability, obligation, loss, or damage
(including reasonable legal fees) of any nature, incurred by or imposed upon the
Subscriber or any such person which results, arises out of, or is based upon (i)
any material misrepresentation by Issuers contained in this Agreement or in any
Exhibits or Schedules attached hereto; or (ii) after any applicable notice
and/or cure periods, any breach or default in performance by the Issuers of any
covenant or undertaking to be performed by the Issuers hereunder.

    

    (b)          Each
Subscriber agrees to indemnify, hold harmless, reimburse and defend the Issuers
and each of the Issuers’  officers, directors, agents, affiliates and
control persons against any claim, cost, expense, liability, obligation, loss,
or damage (including reasonable legal fees) of any nature, incurred by or
imposed upon the Issuers or any such person which results, arises out of, or is
based upon (i) any material misrepresentation by such Subscriber in this
Agreement or in any Exhibits or Schedules attached hereto; or (ii) after any
applicable notice and/or cure periods, any breach or default in performance by
such Subscriber of any covenant or undertaking to be performed by such
Subscriber hereunder.

    

    9.           Conditions to the
Subscribers’ Obligations at Closing.  The obligation of each of
the Subscribers to purchase the Notes on the Closing Date is subject to the
fulfillment, on or before such Closing Date, of each of the following
conditions, unless otherwise waived:

    

    (a)          Representations and
Warranties.  The representations and warranties of the Issuers
contained in Section 4 hereof shall be true and correct in all respects as of
the Closing Date.

    

    (b)          Qualifications.  All
authorizations, approvals or permits, if any, of any governmental authority or
regulatory body of the United States that are required in connection with the
lawful issuance and sale of the Securities pursuant to this Agreement shall be
obtained and effective as of such Closing Date.

    

    (c)          Board of
Directors.  As of the Closing Date, the Board of Directors of
Jintai Delaware shall have at least two English speaking directors whose
credentials are satisfactory to the Subscribers.

     

    (d)          Chief Operating
Officer.  As of the Closing Date, Jintai Delaware should have
an English speaking Chief Operating Officer with public company management
experience.  The Chief Operating Officer must work full time for
Jintai Delaware and serve as a director thereof.  The Chief Operating
Officer must be paid an annual salary approved by the Subscribers.

    

    (e)          Compliance
Certificate.  An authorized officer of the Company shall
deliver to the Subscribers at the Closing a certificate certifying that the
conditions specified in this Section 9 have been fulfilled.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    10.         Miscellaneous.

    

    (a)          Notices. All notices,
demands, requests, consents, approvals, and other communications required or
permitted hereunder shall be in writing and, unless otherwise specified herein,
shall be (i) personally served, (ii) deposited in the mail, registered or
certified, return receipt requested, postage prepaid, (iii) delivered by
reputable air courier service with charges prepaid, or (iv) transmitted by
telegram, or facsimile, addressed as set forth below or to such other address as
such party shall have specified by written notice. Any notice or other
communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate
confirmation generated by the transmitting facsimile machine, at the address or
number designated below (if delivered on a business day during normal business
hours where such notice is to be received), or the first business day following
such delivery (if delivered other than on a business day during normal business
hours where such notice is to be received), or (b) on the second business day
following the date of mailing by express courier service, fully prepaid,
addressed to such address, or upon actual receipt of such mailing, whichever
shall first occur. The addresses for such communications shall be:

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              To
      Issuers:

                                            	
                                              Jintai
      Mining Group, Inc.,

                                            
	 
      	
                                              No.
      48 Qiaodong Road, Sien Town,

                                            
	 
      	
                                              Huanjiang
      County Hechi City,

                                            
	 
      	
                                              Guangxi
      Province, China

                                            
	 
      	
                                              Attn:
      Kuizhong Cai

                                            
	 
      	
                                              Fax:
      (86 0778) 220-5911.

                                            
	 
      	 
      
	 
      	
                                              Huanjiang
      Jintai Mining Co., Limited

                                            
	 
      	
                                              No.
      48 Qiaodong Road, Sien Town,

                                            
	 
      	
                                              Huanjiang
      County Hechi City,

                                            
	 
      	
                                              Guangxi
      Province, China

                                            
	 
      	
                                              Attn:
      Kuizhong Cai

                                            
	 
      	
                                              Fax:
      (86 0778) 220-5911

                                            
	 
      	 
      
	
                                              With
      a copy by fax to:

                                            	
                                              Gersten
      Savage LLP

                                            
	 
      	
                                              600
      Lexington Avenue, 9th Floor

                                            
	 
      	
                                              New
      York, NY 10022

                                            
	 
      	
                                              Attn:
      Arthur Marcus, Esq.

                                            
	 
      	
                                              Phone:
      (212) 752-9700

                                            
	 
      	
                                              Fax:
      (212) 980-5192

                                            
	 
      	 
      
	
                                              To
      Subscribers:

                                            	
                                              To
      the addresses and fax numbers set

                                            
	 
      	
                                              forth
      on the signature pages hereto.

                                            
	 
      	 
      
	
                                              With
      a copy by fax to:

                                            	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                              Phone:

                                            	 
      	 
      
	 
      	
                                              Fax:

                                            	 
      	 
      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    (b)          Entire Agreement;
Assignment. This Agreement represents the entire agreement between the
parties hereto with respect to the subject matter hereof, and may be amended
only by a writing executed by all parties. Neither the Issuers nor the
Subscribers have relied on any representations not contained or referred to in
this Agreement and in the documents delivered herewith.

    

    (c)           Counterparts/Execution.
This Agreement may be executed in any number of counterparts, each of which,
when so executed, shall be deemed an original, but all such counterparts shall
constitute but one and the same instrument. This Agreement may be executed by
facsimile signature and delivered by facsimile transmission.

    

    (d)          Law Governing this
Agreement. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York without regard to principles
of conflicts of laws. Any action brought by either party against the other
concerning the transactions contemplated by this Agreement shall be brought only
in the state courts of New York, or in the federal courts located in the state
and county of New York. The parties to this Agreement hereby irrevocably waive
any objection to jurisdiction and venue of any action instituted hereunder, and
shall not assert any defense based on lack of jurisdiction or venue or based
upon forum non
conveniens. The parties
executing this Agreement and other agreements referred to herein or delivered in
connection herewith on behalf of the Issuers agree to submit to the in personam
jurisdiction of such courts and hereby irrevocably waive trial by jury.
The prevailing party shall be entitled to recover from the other party its
reasonable attorney’s fees and costs. In the event that any provision of this
Agreement or any other agreement delivered in connection herewith is invalid or
unenforceable under any applicable statute or rule of law, then such provision
shall be deemed inoperative to the extent that it may conflict therewith, and
shall be deemed modified to conform with such statute or rule of law. Any such
provision which may prove invalid or unenforceable under any law shall not
effect the validity or enforceability of any other provision of any
agreement.

    

    (e)           Specific Enforcement.
The Issuers and Subscriber acknowledge and agree that irreparable damage would
occur in the event that any of the provisions of this Agreement were not
performed in accordance with their specific terms or were otherwise breached. It
is accordingly agreed that the parties shall be entitled to seek an injunction
or injunctions to prevent or cure breaches of the provisions of this Agreement,
and to enforce specifically the terms and provisions hereof, this being in
addition to any other remedy to which any of the parties may be entitled by law
or equity.

    

    (f)           Calendar Days. All
references to “days” in the Transaction Documents shall mean calendar days
unless otherwise stated. The term “business days” shall mean days that the New
York Stock Exchange is open for trading for three or more hours. Time periods
shall be determined as if the relevant action, calculation or time period were
occurring in New York, New York.

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    ISSUERS’ SIGNATURE PAGE TO
SUBSCRIPTION AGREEMENT

    

    IN
WITNESS WHEREOF, the undersigned have caused this Subscription Agreement to be
duly executed by their respective authorized signatories as of the date first
indicated above.

    

    
      
        
          
            
              
                	
                        JINTAI
      MINING GROUP, INC.

                      	 
	
                        a
      Delaware corporation

                      	 
	 
      	 
      	 
	
                        By:

                      	 
      	 
	 
      	
                        Kuizhong
      Cai

                      	 
	
                        Title:
      President and Chairman of the Board

                      	 
	
                        Date:
      [     ]

                      	 
	 
      	 
      	 
	
                        HUANJIANG
      JINTAI MINING CO. LTD

                      	 
	
                        a
      Delaware corporation

                      	 
	 
      	 
      	 
	
                        By:

                      	 
      	 
	 
      	
                        Kuizhong
      Cai

                      	 
	
                        Title:
      [         ]

                      	 
	
                        Date:
      [     ]

                      	 

              

            

          

        

      

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    SUBSCRIBER SIGNATURE
PAGE

    

    IN
WITNESS WHEREOF, the undersigned have caused this Subscription Agreement to be
duly executed by their respective authorized signatories as of the date first
indicated above.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    Name
      of Purchaser:

                                  	
                                    Dongsheng
      Yang

                                  
	 	 
	
                                    Signature of
      Purchaser:

                                  	 
      
	 	 
	
                                    Facsimile
      Number of Subscriber:

                                  	 
      
	 	 
	
                                    Address
      for Notice of Subscriber:

                                  	 
      

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    Address
for Delivery of Securities for Subscriber (if not same as above):

     

    
      
        

      

    
      
        
          
            
              
                	
                        Amount
      of Notes:

                      	 	$	10,000,000	 
	
                        Number
      of Warrants:

                      	 	 	400,000	 

              

            

          

        

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    Name
      of Purchaser:

                                  	
                                    Haibin
      Zhong

                                  
	 	 
	
                                    Signature of
      Purchaser:

                                  	 
      
	 	 
	
                                    Facsimile
      Number of Subscriber:

                                  	 
      
	 	 
	
                                    Address
      for Notice of Subscriber:

                                  	 
      

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    Address
for Delivery of Securities for Subscriber (if not same as above):

     

      
        

      

    

     

    
      
        	
                Amount
      of Notes:

              	 	$	10,000,000	 
	
                Number
      of Warrants:

              	 	 	400,000	 

      

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

    

     

    EXHIBIT
A

    

    Form
of Note

    

    [To be
inserted]

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    EXHIBIT
B

    

    Form
of Warrant

    

    [To be
inserted]

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    Schedule
4(g)

    Litigation

    

    None.

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    Schedule
4(i)

    

    Capitalization

    

    Jintai
Delaware is authorized to issue 100,000,000 shares of common stock, par value
$0.0001 and 1,000,000 shares of blank check preferred stock, par value $0.0001.
As of August ___, 2010, there are 32,000,000 shares of common stock issued and
outstanding and there are no options or warrants to

    

    [Capitalization of Huanjiang
Jintai to be provided]

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    Schedule
6(a)

    

    Compensation
to broker

    

    The
Issuers will pay, on the Closing Date, a commission of USD $300,000, plus
USD$[  ] in
reimbursement of expenses, to Maxim Group, Inc.

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    Schedule
7(c)

    

    Use of
Proceeds

    

    The total
net proceeds received by the Issuers resulting from the issuance of the
Securities shall be used for the following purposes:

    

    
      	 	
              A.

            	
              the
      expansion and improvement of Huanjiang Jintai’s Shangchao Zinc-lead Mine
      (“Ore Mine”) through the construction of up to four (4) transportation
      channels or tunnels into the Ore Mine and the improvement of its current
      ventilation, drainage and slagging shaft and safety
    condition;

            

    

    
      	 	
              B.

            	
              the
      construction of a new concentrator to process the increased amount of ores
      produced upon expansion and improvement of the Ore
  Mine;

            

    

    
      	 	
              C.

            	
              completion
      of the upgrade and expansion of Jintai Duchuan Smelter and its zinc oxide
      production line; and

            

    

    
      	 	
              D.

            	
              the
      beginning of the exploration of the three properties over which Huanjiang
      Jintai has exploration
licenses.

            

    

    
      
         

      

      
        17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]