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Exhibit 10.1    
    

[Form
of Letter Agreement among the Company, the Representative and

each officer, director and initial stockholder of the Company] 

                        ,
2008 

China
Mining Resources Holdings Limited

c/o SSC Mandarin Group

Room 4710, 47th Floor, The Center, 99 Queen's Road

Central, Hong Kong 

	Re:
	Initial Public Offering

Ladies
and Gentlemen: 

        This
letter is being delivered to you in accordance with the Underwriting Agreement (the "Underwriting Agreement") entered into by and between China Mining Resources Holdings Limited, a
Delaware corporation (the "Company"), and Lazard Capital Markets LLC (the "Representative"), as representative of the underwriters named in Schedule I thereto (the "Underwriters"),
relating to an underwritten initial public offering (the "IPO") of the Company's units (the "Units"), each consisting of one share of the Company's common stock, par value $0.0001 per share (the
"Common Stock"), and one warrant to purchase one share of Common Stock (each a "Warrant" and collectively, the "Warrants"). Certain capitalized terms used herein are defined in paragraph 15
hereof. 

        In
order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer upon
the undersigned [officer][Director][initial stockholder] of the Company, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows: 

        1.     If
the Company seeks approval of its stockholders of an Initial Business Combination or an Extended Period, the undersigned will vote any Initial Shares owned directly or
indirectly by [him][her][it] in accordance with the majority of the shares of Common Stock voted by the Public Stockholders;
provided that the foregoing shall not apply to any IPO Shares acquired by the undersigned. The undersigned will vote any IPO Shares acquired by the undersigned in favor of an Initial Business
Combination or an Extended Period and, in connection with a vote to approve a proposed Initial Business Combination, in favor of an amendment to the Company's amended and restated certificate of
incorporation providing for the Company's perpetual existence. 

        2.     [In
the event that the Company fails to consummate an Initial Business Combination within 24 months (or, if applicable, before the expiration of the
Extended Period) from the effective date (the "Effective Date") of the registration statement relating to the IPO, the undersigned will (without undertaking any obligation to incur any cost or expense
[except as contemplated in Paragraph 13 hereof(1)]) take all reasonable actions within
[his][her][its] power to (a) cause the Trust Account to be liquidated and distributed to the holders of IPO Shares as
soon as reasonably practicable and (b) cause the Company to liquidate as soon as reasonably practicable. The undersigned agrees that in connection with any cessation of the corporate existence
of the Company, he or she will take all reasonable steps to cause the Company to adopt a plan of dissolution and distribution in accordance with Section 281(b) of the Delaware General
Corporation Law or any successor provision thereto.](2) 

	(1)
	Bracketed
language to be included only in the letters containing paragraph 13.

	(2)
	Applicable
only to officers and directors. 

        3.     [(a)]
The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distributions of the Trust Account, or to
any other amounts distributed in connection with a liquidating distribution of the Company, with respect to [his][her][its]
Initial Shares (any "Claim"), and hereby waives any Claim the undersigned may have in the future as a result of, or arising out of, any 

 

contracts
or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever; provided that the foregoing
shall not apply to any IPO Shares acquired by the undersigned. 

        (b)   [The
undersigned agrees to indemnify and hold harmless the Company against any and all losses, liabilities, claims, damages and expenses whatsoever
(including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim
whatsoever) to which the Company may become subject, but only if, and to the extent (i) the claims reduce the amounts in the Trust Account available for payment to holders of the IPO Shares in
the event of a liquidation of the Trust Account and (ii) the claims are made by (A) a vendor for services rendered, or products sold, to the Company, (B) by a third party with
which the Company enters into a contractual relationship following consummation of the IPO, or (C) by a prospective target business arising out of any negotiations, contracts or agreements with
the Company, provided that such indemnity shall not apply to any amounts claimed owed to a third party who executed a valid and enforceable waiver of
any right, title, interest or claim of any kind in or to the Trust Account, it being understood and agreed that for this purposes a waiver in substantially the form specified in Section 4(aa)
of the Underwriting Agreement shall be deemed to be a "valid and enforceable waiver."](3) 

	(3)
	Applicable
only to Robin Lee. 

        4.     (a)
In order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees with the Company as follows:(4) 

	(4)
	Applicable
only to officers and directors. 

          (i)  The
undersigned hereby confirms to the Company that [he] [she] is not currently an officer or director of any blank
check company. 

         (ii)  The
undersigned hereby agrees with the Company that, until the Company consummates its initial business combination, [he]
[she] will not become an officer, director or employee of any company (including any blank check company) the purpose of which is to engage in a business combination in the
China mineral mining industry; 

        (iii)  The
undersigned hereby agrees with the Company that, subject to any pre-existing fiduciary obligations the undersigned may have,
[he] [she] will present to the Company for consideration, prior to presentation to any other entity, any business opportunity with a value in excess of
$30,000,000 in the Chinese mineral mining industry (an "Applicable Opportunity"). 

        (iv)  The
undersigned hereby confirms to the Company that [he] [she] has no pre-existing fiduciary obligations,
whether directly to [him] [her] current business or indirectly to clients of their current businesses, or otherwise, that would conflict with
[his] [her] obligation to present an Applicable Opportunity to the Company 

         (v)  The
undersigned hereby agrees with the Company that, to the extent [he] [she] is able to control the entities to which
[he] [she] currently owes fiduciary obligations, [he] [she] will cause such entities not to enter into
agreements or otherwise accept new engagements that would obligate [him] [her] to present Applicable Opportunities to any third party. 

        (b)   The
Company hereby acknowledges and agrees that the agreements set forth in this paragraph 4(a) will not prevent the undersigned from providing assistance to
[his] [her] employers in connection with the consummation of an acquisition of a pre-identified target, it being understood that, without
duplication, the undersigned would not be prevented from providing services to [his] [her] employer if a client of the employer seeks assistance with
the consummation of an acquisition of a 

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target
acquisition opportunity if such target was first identified by the client, including any such opportunity in the China mineral mining industry. 

        (c)   The
undersigned agrees that [he] [she] will notify the Company in the event [he]
[she] is aware of an Applicable Opportunity which [he] [she] believes [he] [she]
is required for any reason to present to a third party prior to presentation to the Company, other than any opportunity described in paragraph 4(b) above (an "Opportunity Conflict"). 

        (d)   In
the event of any Opportunity Conflict, the undersigned agrees the Company's full board of directors (including, if applicable, the undersigned) will review the facts
and circumstances regarding such Opportunity Conflict with the undersigned. If the Opportunity Conflict exists due to a contractual or fiduciary obligation that existed prior to the time the
undersigned became associated with the Company, such opportunity may be presented to the third party. However, if our board of directors, excluding the undersigned, determines in its reasonable
good-faith discretion that such conflict arises from a relationship that arose after the undersigned became associated with the Company, then the undersigned agrees that the Applicable
Opportunity will be first presented to the Company. 

        5.     The
undersigned understands that, in accordance with the terms of the Company's Amended and Restated Certificate of Incorporation, the Company will not enter into an
Initial Business Combination with any entity that is affiliated with any of the Initial Stockholders, unless the Company obtains an opinion from an independent investment banking firm that the Initial
Business Combination is fair to the Company's stockholders from a financial perspective. For purposes hereof, a party shall be deemed to be "affiliated with" another party if the first party controls,
is controlled by, or is under common control with, the other party; and "control" for this purpose shall mean the beneficial ownership, or the ability to direct the vote, of more than 50% of the
equity interests of a party. 

        6.     Neither
the undersigned, nor any member of the family of the undersigned, nor any affiliate of the undersigned, will be entitled to receive, and no such person will
accept, any finder's fee, consulting fee or other compensation for any services rendered prior to or in connection with the consummation of an Initial Business Combination; provided, however, that the
foregoing shall not prohibit (i) the repayment of the loan of funds to the Company (including the non-interest bearing loan of up to $277,000 in the aggregate made to the Company by
SSC Mandarin Group in November 2007) to cover expenses relating to the IPO, (ii) the $10,000 per month fees payable to SSC Mandarin Group to cover rent, overhead and administrative support
services associated with office space for the Company, or (iii) reimbursement of any out-of-pocket expenses incurred in connection with identifying, investigating,
negotiating and consummating an Initial Business Combination. 

        7.     The
undersigned will, pursuant to and subject to the terms of that certain Securities Escrow Agreement to be entered into by and among the Company, the Initial
Stockholders and [Continental Stock Transfer & Trust Company], as escrow agent, escrow all Initial Shares held by the undersigned, directly or indirectly, until the date
that is one year after the consummation of an Initial Business Combination, and any Insider Warrants purchased by the undersigned, directly or indirectly, until the date that is 90 days after
the consummation of an Initial Business Combination. 

        8.     [The
undersigned agrees, subject to the Company's fulfillment of its obligation set forth in the next following sentence, to serve as [Chairman of
the Board of Directors] [Director, President and Chief Executive Officer][Director and Treasurer] [Director and
Secretary][Director][Special Advisor] until the earlier of the consummation by the Company of an Initial Business Combination or the
liquidation of the Company; provided, however, that the undersigned shall not be required, as a result of such agreement, to devote any specified number of hours per week or month in the performance
of any particular duties of such office[s].](5) The Company shall maintain a directors and officers liability insurance policy in force and effect beginning prior
to the consummation of the public offering contemplated by the Company. [The undersigned acknowledges that the foregoing does not limit in any way the right of the Company to terminate the
undersigned's employment or service as a director at 

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any
time, subject to any other contractual rights the undersigned may have.](6) [The undersigned's biographical information furnished to the Company and the Representative and
attached hereto as Exhibit A is true and accurate in all respects [and][,] does not omit any
material information with respect to the undersigned's background](7) [and contains all of the information required to be disclosed pursuant to Item 401 of
Regulation S-K, promulgated under the Securities Act of 1933, as amended](8). 

	(5)
	Applicable
only to officers, directors and special advisors.

	(6)
	Applicable
only to officers and directors.

	(7)
	Applicable
only to officers, directors, and special advisors.

	(8)
	Applicable
only to officers and directors. 

        9.     The
undersigned's FINRA questionnaire furnished to the Company and the Underwriters and attached hereto as  Exhibit B is true and accurate in all respects. The undersigned represents and warrants that:

        (a)   the
undersigned is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to
desist or refrain from, any act or practice relating to the offering of securities in any jurisdiction; 

        (b)   the
undersigned has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or
handling of funds of another person, or (iii) pertaining to any dealings in any securities; and the undersigned is not currently a defendant in any such criminal proceeding; and 

        (c)   the
undersigned has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license
or registration denied, suspended or revoked. 

        10.   The
undersigned has full right and power, without violating any agreement by which he is bound, to enter into this letter agreement [and to serve as
[Chairman of the Board of Directors] [Director, President and Chief Executive Officer][Director and
Treasurer][Director and Secretary][Director]](9), and hereby consents to being named in the registration statement relating to
the IPO as a[n] [officer][director][stockholder] of the Company. 

	(9)
	Applicable
only to officers and directors. 

        11.   The
undersigned hereby waives his right to exercise conversion rights with respect to any shares of the Company's Common Stock owned or to be owned by the undersigned,
directly or indirectly, and agrees that [he][she][it] will not seek conversion with respect to such shares in connection with
any vote to approve an Initial Business Combination or an Extended Period. 

        12.   The
undersigned agrees that, prior to the consummation of the Initial Business Combination, he will not propose any amendment to Article [Sixth]
of the Company's Amended and Restated Certificate of Incorporation or support, endorse or recommend any proposal that stockholders amend such Article. 

        13.   [In
the event that the Company does not consummate an Initial Business Combination and must liquidate and its remaining net assets are insufficient to
complete such liquidation, the undersigned agrees to advance such funds as are necessary to complete such liquidation and agrees not to seek repayment for such expenses, up to an aggregate of
$15,000.](10) 

	(10)
	Applicable
only to Robin Lee. 

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        14.   This
letter agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law
principles that would result in the application of the substantive laws of another jurisdiction. 

        15.   As
used herein, (i) "Initial Business Combination" shall mean the acquisition by the Company, through a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or other similar business combination or contractual arrangement, of one or more businesses or assets, in connection with which the Company will require that a majority of the
shares of Common Stock voted by the Public Stockholders are voted in favor of such acquisition and stockholders owning less than 40% of the IPO Shares exercise their conversion rights on a cumulative
basis; (ii) "Initial Shares" shall mean the 2,500,000 shares of Common Stock acquired by the initial Stockholders prior to the IPO; (iii) "Initial Stockholders" refers to each of the
persons who purchased Initial Shares; (iv) "Insider Warrants" shall mean the 2,400,000 warrants being purchased in a private placement simultaneously with the consummation of the IPO;
(v) "IPO Shares" shall mean the shares of Common Stock underlying the Units issued in the Company's IPO; (vi) "Public Stockholders" shall mean purchasers of Common Stock in the IPO or in
the secondary market, including any of the Company's officers or directors or their affiliates, including the undersigned, to the extent that they purchase or acquire Common Stock in the IPO or the
secondary market; (vii) "Trust Account" shall mean the trust account established under the Investment Management Trust Agreement, dated as of
[                                    ], by and
between the Company and [Continental Stock Transfer & Trust Company] and (viii) "Extended Period" shall mean any additional period of time beyond the
24-month anniversary of the closing of the IPO that may be approved by the stockholders of the Company in accordance with Article 6(D) of the Company's Amended and Restated
Certificate of Incorporation. 

        16.   This
letter agreement shall terminate on the earlier of (i) one year after the Company's consummation of an Initial Business Combination and (ii) the
liquidation of the Company. 

[Signature
page follows] 

5

 

	 	 	[Name of Signatory]
	

 	
 	

By:	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	 
	 	 	 	 	Title:	 	 
	

 	
 	

Accepted and Agreed:
	

 	
 	

CHINA MINING RESOURCES HOLDINGS LIMITED
	

 	
 	

By:	
 	

 
	 	 	 	 	

	 	 	 	 	Name:	 	Robin Lee
	 	 	 	 	Title:	 	Chairman and Chief Executive Officer

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QuickLinks

Exhibit 10.1Exhibit 10.2

 

INVESTMENT
MANAGEMENT TRUST AGREEMENT

 

This INVESTMENT MANAGEMENT TRUST AGREEMENT (the “Agreement”) is made as of [              .      ,
2008] by and between China Mining Resources Holdings Limited, a Delaware
corporation (the “Company”), and Continental Stock Transfer &
Trust Company, a New York corporation (the “Trustee”).

 

RECITALS:

 

WHEREAS, the Company’s Registration Statement on Form S-1,
No. 333-148051 (“Registration Statement”), for its initial public offering
(“IPO”) of its units, each comprised of one share of common stock, par value
$0.0001 per share, and one warrant to purchase one share of common stock, has
been declared effective as of the date hereof by the Securities and Exchange
Commission;

 

WHEREAS, Lazard Capital Markets LLC is acting as the
representative (the “Representative”) of the underwriters in the IPO (the “Underwriters”)
pursuant to an underwriting agreement dated on or about the date hereof between
the Company and the Underwriters (the “Underwriting Agreement”);

 

WHEREAS, as described in the Company’s Registration
Statement, and in accordance with the Company’s Amended and Restated
Certificate of Incorporation, the Company is herewith delivering to the Trustee
an amount equal to the sum of (i) $76,002,000 of the net proceeds of the
IPO, including $2,400,000 in deferred underwriting compensation (or $87,522,000
of the net proceeds, including $2,760,000 in deferred underwriting
compensation, if the over-allotment option is exercised in full) and (ii) $2,400,000 of
the proceeds from the Company’s issuance and sale in a private placement of
2,400,000 warrants (as described in the Registration Statement), for a total of
$78,402,000 (or $89,922,000 if the underwriters’ over-allotment option is
exercised in full), to be deposited and held in a trust account for the benefit
of the Company and the holders of the Company’s common stock, par value $0.0001
per share, issued in the IPO as hereinafter provided (the amount to be
delivered to the Trustee is referred to herein as the “Property,” the
stockholders for whose benefit the Trustee shall hold the Property are referred
to herein as the “Public Stockholders,” and the Public Stockholders are
referred to together with the Company as the “Beneficiaries”);

 

WHEREAS, pursuant to the Underwriting Agreement, a
portion of the Property equal to $2,400,000 (or $2,760,000 if the Underwriters’
over-allotment option is exercised in full or a pro rata portion thereof
pursuant to the terms of the Underwriting Agreement if the Underwriter’s over-allotment
option is exercised in part, but not in full, prior to the time of its
expiration) is attributable to deferred underwriting discounts and commissions
(the “Deferred Discount”) that will become payable by the Company to the
Underwriters upon the consummation of an initial business combination with a
target business or target businesses as described in the Registration Statement
(a “Business 

 

 

Combination”),
which shall be reduced pro rata pursuant to the Underwriting Ageement by the
exercise by Public Stockholders of any conversion rights in connection with an
Extension (as defined in Section 5(g) hereof) or a Business
Combination; and

 

WHEREAS, the Company desires to enter into this
Agreement to set forth the terms and conditions pursuant to which the Trustee
shall hold the Property;

 

NOW, THEREFORE, in consideration of the premises
herein contained and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

 

Section 1. Appointment of Trustee; Deposit
of Property. The Trustee has established a segregated trust account
(Account Number                 )
(the “Trust Account”) at a branch of JPMorgan Chase Bank, N.A.  The Company is herewith causing the Property
to be delivered to the Trustee in connection with the closing of the IPO, and
the Trustee hereby acknowledges receipt thereof, and the Company hereby
instructs to hold the Property in the Trust Account in accordance with this
Agreement.

 

Section 2. Investment by Trustee. In a
timely manner, upon the written instruction of the Company, the Trustee shall
invest and reinvest the Property only in United States “government securities”
within the meaning of Section 2(a)(16) of the Investment Company Act of
1940, as amended (the “Investment Company Act”), having a maturity of 180 days
or less, or in money market funds selected by the Company meeting the
conditions of paragraphs (c)(2), (c)(3) and (c)(4) of Rule 2a-7
promulgated under the Investment Company Act, as determined by the Company; provided,
however, that the Trustee shall not invest any of the Property in any
mutual fund that invests in mortgages or mortgage-backed securities (other than
prime mortgages and mortgage-backed securities). The Trustee shall collect and
receive in trust, when due, all principal and income arising from the Property,
which shall become part of the Property, as such term is used herein.

 

Section 3. Distribution and Release of
Property.  The Trustee shall commence
liquidation of the Trust Account only after receipt of and only in accordance
with the terms of a letter (a “Liquidation Letter”), in a form
substantially similar to that attached hereto as either Exhibit A,
or Exhibit B or Exhibit E, signed on behalf of the
Company by its Chief Executive Officer or Chief Financial Officer, and complete
the liquidation or (as applicable) partial liquidation of the Trust Account and
distribute the Property in the Trust Account only as directed in the
Liquidation Letter and the other documents referred to therein, provided, however,
that in the event that a Liquidation Letter has not been received by the
Trustee by the Last Date (as defined in Section 5(g) below), the
Trust Account shall be liquidated in accordance with the procedures set forth
in the Liquidation Letter attached as Exhibit B hereto and
distributed to the Public Stockholders of record as of the Last Date. In all
cases, the Trustee shall provide the Representative with a copy of any
Liquidation Letters and/or any other correspondence that it receives with
respect to any proposed withdrawal from the Trust Account promptly after it
receives same. The Trustee shall commence partial liquidation of the Trust
Account only after receipt of and in accordance with the terms of an Extension
Notification Letter (as defined in Section 5(g) below) and complete
the partial liquidation of the Trust Account and distribute the applicable
Property in the Trust Account as directed in the Extension Notification Letter
and the other 

 

2

 

documents
referred to therein.  In all cases, the
Trustee shall provide the Representative with a copy of any Extension
Notification Letters and/or any other correspondence that it receives with
respect to any proposed withdrawal from the Trust Account promptly after it
receives same. The Trustee shall also disburse such funds from the Trust
Account from time to time, upon written request from the Company, (a) as
may be necessary to pay in a timely manner any taxes incurred as a result of
interest or other income earned on the Property upon receipt and only in
accordance with the terms of a letter (a “Tax Disbursement Letter”), in
a form substantially similar to that attached hereto as Exhibit C,
signed on behalf of the Company by its Chief Executive Officer or Chief
Financial Officer, and complete the disbursement of funds from the Trust
Account and distribute such funds only as directed in the Tax Disbursement and
the other documents referred to therein, and (b) in the amount requested by
the Company to be used for working capital requirements upon receipt and only
in accordance with the terms of a letter (an “Interest Withdrawal Letter”)
in a form substantially similar to that attached hereto as Exhibit D,
signed on behalf of the Company by its Chief Executive Officer or Chief
Financial Officer, and complete the disbursement of funds from the Trust
Account and distribute such funds only as directed in the Interest Withdrawal
Letter and the other documents referred to therein; provided, however,
that the aggregate amount of all such distributions pursuant to this clause (b) shall
not exceed the lesser of (x) the aggregate amount of interest and any
other income actually received or paid on amounts in the Trust Account less an
amount equal to any disbursements that have or are estimated to be (assuming an
income tax rate of 40%) made pursuant to clause (b) of this section and (y) $2,000,000.

 

Section 4.  Agreements and
Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a)               Hold the
Property in the Trust Account in trust in accordance with the terms of this
Agreement;

 

(b)               Manage,
supervise and administer the Trust Account in accordance with the terms and
conditions set forth herein;

 

(c)               As promptly as
practicable, notify the Company and the Representative of all communications
received by it with respect to any Property requiring action by the Company;

 

(d)               As promptly as
practicable, supply any necessary information or documents as may be reasonably
requested by the Company in connection with the Company’s preparation of the
tax returns for the Trust Account;

 

(e)               Participate, at
the Company’s cost and expense, in any plan or proceeding for protecting or
enforcing any right or interest arising from the Property if, as and when instructed
by the Company to do so;

 

(f)                Render to the
Company, the Representative and to such other person as the Company may
instruct, monthly written 

 

3

 

statements
of the activities of and amounts in the Trust Account reflecting all receipts
and disbursements of the Trust Account;

 

(g)               Distribute the
Deferred Discount to the Representative on behalf of the Underwriters upon
receipt of written notice from the Company;

 

(h)               Distribute the
funds as directed in any Tax Disbursement Letter or Interest Withdrawal Letter
and any other documents referred to therein;

 

(i)                Commence (i) liquidation
of the Trust Account in accordance with a Liquidation Letter and (ii) partial
liquidation in accordance with an Extension Notification Letter;

 

(j)                The limited
distributions referred to in Section 3 for tax obligations of the Company
and Section 4(h) above shall be made only from interest collected on
the Property. No distributions from the Trust Account shall be permitted except
in accordance with Sections 3, 4(g), 4(h), 4(i) and 4(k) hereof; and

 

(k)               Distribute,
upon receipt of an Extension Notification Letter (as defined below), to Public
Stockholders who exercised their conversion rights in connection with an
Extension an amount equal to the pro rata share of the Property relating to the
shares for which such Public Stockholders have exercised conversion rights in
connection with a vote of stockholders for an Extension.

 

Section 5.  Agreements and Covenants of the Company.
The Company hereby agrees and covenants to:

 

(a)               Give all instructions and
requests to the Trustee hereunder in writing, signed by the Company’s Chief
Executive Officer or Chief Financial Officer;

 

(b)               Hold the Trustee harmless
and indemnify the Trustee from and against, any and all costs, expenses,
disbursements and advances, including reasonable counsel fees and
disbursements, or loss or damage suffered by the Trustee in connection with any
action, suit or other proceeding brought against the Trustee involving any
claim or demand, or in connection with any claim or demand, that in any way
arises out of or relates to this Agreement, the services of the Trustee
hereunder, the Property or any income earned from investment of the Property,
except for costs, expenses, disbursements, advances, losses and damages
resulting from the Trustee’s gross negligence or willful misconduct (as
determined by 

 

4

 

a
final non-appealable order of a court of competent jurisdiction). Promptly
after the receipt by the Trustee of notice of demand or claim or the
commencement of any action, suit or proceeding with respect to which the
Trustee intends to seek indemnification under this paragraph, it shall notify
the Company in writing thereof (hereinafter referred to as the “Indemnified
Claim”); provided, however, that any failure or
delay of the Trustee in giving such notice shall not relieve the Company of any
of its obligations hereunder except to the extent the Company is actually prejudiced
thereby, but only to the extent of such prejudice. The Company shall assume and
manage the defense of the Trustee, provided that the Trustee consents to the
Company’s selection of counsel, such consent not to be unreasonably withheld or
delayed. Notwithstanding the foregoing, the Trustee shall have the right to
employ separate counsel in any such action or proceeding and participate in the
investigation and defense thereof, and the Company shall pay the reasonable
fees and expenses of such separate counsel if the Trustee is advised that (i) an
actual conflict of interest exists by reason of common representation or (ii) there
are legal defenses available to the Trustee that are different from or are in
addition to those available to the Company or if all parties commonly
represented do not agree as to the action (or inaction) of counsel.

 

(c)                                              Pay the Trustee
(i) an initial acceptance fee of $          
and (ii) a transaction processing fee of $          
for each disbursement made pursuant to Section 3 hereof. The Company shall
pay such acceptance fee to the Trustee on the date hereof and the transaction
processing fees shall be deducted by the Trustee from the disbursements made to
the Company pursuant to Section 3 hereof. The Trustee shall refund to the
Company the annual fee (on a pro rata basis) with respect to any period after
the liquidation of the Trust Account. The fees set forth in this Section 5(c) shall
be in addition to, and shall not include, any fee referred to in Section 6(a) hereof
(it being expressly understood that the Property, other than portions of the
disbursements made pursuant to Section 4(h) hereof, shall not be used
to make any payments to the Trustee under this paragraph);

 

(d)                                             Reimburse the
Trustee upon request for all reasonable costs, expenses, disbursements, and
advances incurred or made by the Trustee in implementing or enforcing any of
the provisions of this Agreement (including without limitation any fees,
expenses and disbursements of its counsel), except any such cost, expense,
disbursement, or advance as may arise from the Trustee’s gross negligence or
willful misconduct (as determined by a final non-

 

5

 

appealable
order of a court of competent jurisdiction) (it being expressly understood that
the Property, other than portions of the disbursements made pursuant to Section 4(h) hereof,
shall not be used to make any payments to the Trustee under this paragraph);

 

(e)               In connection with any vote
of the Company’s stockholders regarding an initial Business Combination or an
Extension, provide to the Trustee an affidavit or certificate of a firm
regularly engaged in the business of soliciting proxies and/or tabulating
stockholder votes (which firm may be the Trustee) verifying the vote of the
Company’s stockholders regarding such initial Business Combination or
Extension;

 

(f)                Within five (5) business
days after the consummation of the IPO, provide the Trustee with a notice in
writing (with a copy to the Representative) indicating the date that is
24-months after the date of the final prospectus for the IPO (such date, the “Initial
Last Date”);

 

(g)               Within five (5) business
days after the vote of the Company’s stockholders regarding an Extension (as
described in subsection (e) above) provide the Trustee with a letter (an “Extension
Notification Letter”) (with a copy to the Representative) in a form
substantially similar to that attached hereto as Exhibit E, signed
on behalf of the Company by its Chief Executive Officer or Chief Financial
Officer, providing (i) that the Initial Last Date has been extended (an “Extension”)
to a date that is not more than twelve (12) months after the Initial Last Date
(such date, the “Extended Last Date”; as used herein the term “Last
Date” shall mean the Initial Last Date unless and until there is an
Extension, in which case it shall thereafter mean the Extended Last Date), and (ii) instructions
for the distribution of funds to Public Stockholders who exercised their
conversion option in connection with the Extension; and

 

(h)               Within five (5) business
days after the Underwriters’ over-allotment option (or any unexercised portion
thereof) expires or is exercised in full, provide the Trustee with a notice in
writing (with a copy to the Representative) of the total amount of the Deferred
Discount to be released to the Representative upon consummation of a Business
Combination, which shall in no event be less than $2,400,000, reduced pro rata
pursuant to the Underwriting Agreement by the exercise by Public Stockholders
of any conversion rights in connection with an Extension and/or a Business
Combination.

 

Section 6. Limitations of Liability. The Trustee shall have
no responsibility or liability to:

 

6

 

(a)               Institute any action, suit
or other proceeding for the collection of any principal or income arising from,
or institute, appear in or defend any action, suit or other proceeding of any
kind with respect to, any of the Property unless and until it shall have received
instructions from the Company given as provided herein to do so and the Company
shall have advanced to it funds sufficient to pay any reasonable fees of the
Trustee and costs, expenses, disbursements and advances incident thereto;

 

(b)               Change the investment of any
Property, other than in accordance with written instructions of the Company;

 

(c)               Refund any depreciation or
decline in principal of any Property invested in accordance with Section 2
hereof;

 

(d)               Assume that the authority of
any person designated by the Company to give instructions hereunder shall not
be continuing unless provided otherwise in such designation, or unless the
Company shall have delivered a written revocation of such authority to the
Trustee;

 

(e)               Verify the correctness of the
information set forth in the Registration Statement or to confirm or assure
that any acquisition made by the Company or any other action taken by it is as
contemplated by the Registration Statement or the Liquidation Letter; or

 

(f)                Pay any taxes on behalf of
the Trust Account; provided, that the foregoing shall not limit the
obligation of the Trustee to disburse proceeds for the payment of taxes in
accordance with a Tax Disbursement Letter from the Company.

 

Section 7. Further Rights and Duties of the Trustee.

 

(a) The Trustee shall not be liable or
responsible hereunder to anyone for any action taken or omitted by it, or any
action suffered by it to be taken or omitted, in good faith, except for its own
gross negligence or willful misconduct (as determined by a final non-appealable
order of a court of competent jurisdiction).

 

(b) The Trustee shall be obligated to perform
only such duties as are expressly set forth in this Agreement. No implied
covenants or obligations shall be inferred from this Agreement against the
Trustee, nor shall the Trustee be bound by the provisions of any agreement
between or among the Company, the Public Stockholders or any other person or
entity beyond the specific terms hereof.

 

(c) The Trustee may rely conclusively and shall
be protected in acting upon any order, judgment, instruction, notice, demand,
certificate, opinion or advice of counsel (including counsel chosen by or who
may be an employee of the Trustee or one of its affiliates), statement,
instrument, report or other paper or document (not only as to its due execution
and the validity and effectiveness of its provisions, but also as to the truth
and acceptability of any information therein contained) which is believed by
the Trustee, in 

 

7

 

good
faith, to be genuine and to be signed or presented by the proper person or
persons. The Trustee shall not be bound by any notice or demand, or any waiver,
modification, termination or rescission of this Agreement or any of the terms
hereof, unless evidenced by a written instrument delivered to the Trustee
signed on behalf of the Company by its Chief Executive Officer or Chief
Financial Officer.

 

(d) At any time the Trustee may request in
writing an instruction in writing from the Company, and may at its own option
include in such request the course of action it proposes to take and the date
on which it proposes to act, regarding any matter arising in connection with
its duties and obligations hereunder. The Trustee shall not be liable or
responsible for acting without the Company’s consent in accordance with such a
proposal on or after the date specified therein; provided, that the specified date shall be at least five (5) business
days after the Company receives the Trustee’s request for instructions and its
proposed course of action; and provided, further, that, prior to
so acting, the Trustee has not received from the Company the written
instructions so requested and the Trustee’s actions are not inconsistent with
the terms of this Agreement.

 

(e) In the event of ambiguity in the provisions
governing the Property or uncertainty on the part of the Trustee as to how to
proceed, such that the Trustee, in its sole and absolute judgment, deems it
necessary for its protection so to do, the Trustee may refrain from taking any
action other than: (i) to retain custody of the Property deposited
hereunder until it shall have received written instructions, which in the
judgment of the Trustee clarify the ambiguity, or (ii) to deposit the
Property with a court of competent jurisdiction and thereupon to have no
further duties or responsibilities in connection therewith.

 

(f) In no event shall the Trustee be liable or
responsible for special, punitive, incidental, indirect, or consequential loss
or damage of any kind whatsoever (including, but not limited to, loss of
profits) irrespective of whether the Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of action.

 

(g) In no event shall the Trustee be liable or
responsible for any failure or delay in the performance of its obligations
under this Agreement arising out of or caused by, directly or indirectly,
forces beyond its reasonable control, including without limitation strikes,
work stoppages, accidents, acts of war or terrorism, civil or military
disturbances, nuclear or natural catastrophes or acts of God, and widespread
interruptions, loss or malfunctions of utilities, communications or computer
(software or hardware) services.

 

(h) The recitals contained herein shall be
taken as the statements of the Company, and the Trustee assumes no liability or
responsibility for their correctness.

 

(i) The Trustee shall not have any liability
for or be under any responsibility in respect of the validity of this Agreement
or the execution and delivery hereof (except the due execution hereof by the
Trustee); nor shall it be liable or responsible for any breach by the Company
of any covenant or condition contained in this Agreement or in any other
agreement (including without limitation the Company’s failure to provide the
Trustee with any written instructions or notices required to be provided by the
Company to the Trustee under this Agreement) or for determining the
applicability of or whether the Company has 

 

8

 

complied
with any federal or state “blue sky” or securities laws or any other applicable
laws, all of which shall be the Company’s responsibility.

 

(j) The Company will from time to time perform,
execute, acknowledge and deliver or cause to be performed, executed,
acknowledged and delivered all such further and other acts, instruments and
assurances as may reasonably be required by the Trustee for the carrying out or
performing by the Trustee of the provisions of this Agreement.

 

(k) No provision of this Agreement shall
require the Trustee to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties or in the exercise
of its rights hereunder.

 

Section 8. Resignation or Removal of Trustee.

 

(a) The Trustee may resign by giving written
notice to the Company. Such resignation shall take effect upon delivery of the
Property, and all documentation relating thereto in possession of the Trustee
or its affiliates, to a successor Trustee designated in writing by the Company,
and the Trustee shall thereupon be discharged from all obligations under this
Agreement, and shall have no further duties or responsibilities in connection
herewith.

 

(b) In the event the Trustee fails to perform
its obligations under this Agreement, the Company may remove the Trustee upon
written notice to the Trustee. Such removal shall take effect upon delivery of
the Property, and all documentation relating thereto in possession of the
Trustee or its affiliates, to a successor Trustee designated in writing by the
Company, and the Trustee shall thereupon be discharged from all obligations
under this Agreement, and shall have no further duties or responsibilities in
connection herewith. The Trustee shall deliver the Property, and all
documentation relating thereto in possession of the Trustee or its affiliates,
without unreasonable delay after receiving the Company’s designation of a
successor Trustee.

 

(c) If after 30 days from the date of delivery
of its written notice of intent to resign or of the Company’s notice of removal
the Trustee has not received a written designation of a successor Trustee, the
Trustee’s sole responsibility shall be in its sole discretion either to retain
custody of the Property without any obligation to invest or reinvest any such
Property until it receives such designation, or to apply to a court of
competent jurisdiction for appointment of a successor Trustee and after such
appointment to have no further duties or responsibilities in connection
herewith.

 

(d) The Company shall, at its own expense,
promptly notify each of the Public Stockholders of the resignation or removal
of the Trustee and of the designation of a successor Trustee.

 

Section 9. Termination of Agreement.

 

(a) This Agreement shall terminate at such time
that the Trustee has completed the liquidation of the Trust Account in
accordance with this Agreement, and distributed the Property in accordance with
the provisions of the Liquidation Letter.

 

9

 

(b) Sections 5(b), 5(c) and 5(d), Section 6(a) and
Sections 7(a), 7(f), 7(g), 7(h), 7(i), 7(j) and 7(m) shall survive
the termination of this Agreement or any resignation or removal of the Trustee.

 

Section 10. Miscellaneous.

 

(a) The Company and the Trustee each
acknowledge that the Trustee will follow the security procedures set forth
below with respect to funds transferred from the Trust Account. Upon receipt of
written instructions, the Trustee will confirm such instructions with an
Authorized Individual at an Authorized Telephone Number listed on the attached Exhibit F.
The Company and the Trustee will each restrict access to confidential
information relating to such security procedures to authorized persons. Each party
must notify the other party immediately if it has reason to believe
unauthorized persons may have obtained access to such information, or of any
change in its authorized personnel. In executing funds transfers, the Trustee
will rely upon account numbers or other identifying numbers of a recipient,
recipient’s bank or intermediary bank, rather than names.

 

(b) This Agreement shall be governed by and
construed in accordance with the laws of the State of New York applicable to
contracts formed and to be performed entirely within the State of New York,
without regard to the conflict of law provisions thereof to the extent such
provisions would require or permit the application of the laws of another
jurisdiction. It may be executed in several counterparts, each one of which
shall constitute an original, and together shall constitute but one instrument.

 

(c) This Agreement contains the entire
agreement and understanding of the parties hereto with respect to the subject
matter hereof. This Agreement or any provision hereof may only be changed,
waived, amended or modified by a writing signed by each of the parties hereto; provided, that this Agreement may
not be materially changed, waived, amended or modified without the consent of
each of the Public Stockholders adversely affected thereby; provided  further, that this Agreement may not be amended in such
a manner as to adversely affect the right of the Underwriters to receive the
Deferred Discount without the written consent of the Representative. As to any
claim, cross-claim or counterclaim in any way relating to this Agreement, each
party waives the right to trial by jury. For purposes of this Agreement, the
Trustee may rely on a list of Public Stockholders provided to it by the Company
from time to time as to the identities of the Public Stockholders.

 

(d) The parties hereto consent to the exclusive
jurisdiction and venue of any state or federal court located in the City of New
York for purposes of resolving any disputes hereunder.

 

(e) Any notice, consent or request to be given
in connection with any of the terms or provisions of this Agreement shall be in
writing and shall be sent by overnight delivery or similar private courier
service, by first-class, certified mail (return receipt requested) postage
prepaid, by hand delivery or by facsimile transmission:

 

if to the Trustee, to:

 

10

 

Continental Stock Transfer & Trust Company

17 Battery Place

8th Floor

New York, NY 10004

Attn: Frank Di Paolo and Steven Nelson

Fax: (212) 616-7620

 

if to the Company, to:

 

China Mining Resources
Holding Limited

c/o SSC Mandarin Group

Room 4710, 47th
Floor, The Center

99 Queen Road

Central, Hong Kong

Fax:

 

in either case with a copy
to:

 

Lazard Capital Markets LLC 

30 Rockefeller Plaza

New York, NY 10020

Attn: Winston Kitchingham

Fax: (212)641)-2636

 

Troutman Sanders LLP

405 Lexington Avenue

The Chrysler Building

New York, NY 10174

Attn: Timothy I. Kahler, Esq.

 

Akin Gump Strauss Hauer & Feld, LLP

690 Madison Avenue 

New York, NY 10022

Attn: Bruce S. Mendelson, Esq.

 

(f) This Agreement may not be assigned by any
party hereto without the prior written consent of the other and the
Representative, which consent shall not be unreasonably withheld or delayed, provided, however, that consent is not required for an
assignment to an affiliate of the Trustee. Any purported assignment without
such consent shall be null and void.

 

(g) Each of the Trustee and the Company hereby
represents that it has the full right and power and has been duly authorized to
enter into this Agreement and to perform its respective obligations as
contemplated hereunder.

 

11

 

(h) Each of the Trustee and the Company hereby
represents that it has the full right and power and it has been duly authorized
to enter into this Agreement and to perform its respective obligations as
contemplated hereunder.

 

(i) The Trustee hereby consents to the
inclusion of Continental Stock Transfer & Trust Company in the
Registration Statement and other materials relating to the IPO.

 

(j) The Trustee has no right, title, interest,
or claim of any kind (“Claim”) in or to any monies or Property in the
Trust Account, and hereby waives any Claim in or to any monies or Property in
the Trust Account it may have in the future, and hereby agrees not to seek
recourse, reimbursement, payment or satisfaction for any Claim against the
Trust Account for any reason whatsoever.

 

[Signatures follow on next page.]

 

12

 

IN WITNESS WHEREOF, the parties have duly
executed this Agreement as of the date first written above.

 

	
   

  	
  CONTINENTAL
  STOCK TRANSFER &

  TRUST COMPANY, as Trustee

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CHINA
  MINING RESOURCES HOLDINGS

  LIMITED

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:
  Robin Lee

  
	
   

  	
   

  	
  Title:
  Chief Executive Officer

  

 

13

 

EXHIBIT A

 

[Company Letterhead]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

17
Battery Place

8th
Floor

New
York, NY 10004

Attn:
Steven Nelson

 

	
   

  	
  Re:

  	
  Trust
  Account No.

  
	
   

  	
   

  	
  Liquidation
  Letter

  

 

Ladies
and Gentlemen:

 

Pursuant to the Investment Management Trust
Agreement between China Mining Resources Holdings Limited (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”),
dated as of [                   
     , 2008] (“Trust Agreement”), this is to
advise you that the Company has entered into an agreement (“Business
Agreement”) with                        
(“Target Business”) to consummate a business combination with the Target
Business (“Business Combination”) on or about [insert date]. The Company
shall notify you at least two business days in advance of the actual date of
the consummation of the Business Combination (“Consummation Date”).
Capitalized terms used and not defined herein shall have their respective
meanings set forth in the Trust Agreement.

 

In accordance with the terms of the Trust Agreement,
we hereby authorize you to commence liquidation of the Trust Account to the
effect that, on the Consummation Date, all of funds held in the Trust Account
will be immediately available for transfer to the account or accounts that the
Company shall direct on the Consummation Date.

 

Not later than two business days prior to the
Consummation Date, the Company shall deliver to you written instructions with
respect to the transfer of the funds held in the Trust Account, including such
instructions as may be necessary to ensure compliance with any applicable law
relating to the treatment of the proceeds of the IPO, including without
limitation any law which requires notice to any governmental entity with
respect to the release of the Property from the Trust Account (“Instruction
Letter”), which shall include instructions for the distribution of funds to
Public Stockholders who exercised their conversion option in connection with a
Business Combination and for the distribution of the Deferred Discount to the
Representative on behalf of the Underwriters. You are hereby directed and
authorized to transfer the funds held in the Trust Account on the Consummation
Date upon your receipt of the Instruction Letter, in accordance with the 

 

 

terms
of the Instruction Letter. In the event that certain deposits or investments
held in the Trust Account may not be liquidated by the Consummation Date
without penalty, you will notify the Company of the same and the Company shall
direct you as to whether such funds should remain in the Trust Account and be
distributed after the Consummation Date to the Company. Upon the distribution
of all the funds in the Trust Account pursuant to the terms hereof, the Trust
Agreement shall be terminated and the Trust Account closed.

 

In the event that (a) on or before the
Consummation Date, we have notified you that the Business Combination has not
been or will not be consummated on the Consummation Date described in the
notice thereof and (b) we have not notified you on or before the original
Consummation Date of a new Consummation Date, then the funds held in the Trust
Account shall be reinvested as provided in the Trust Agreement on the business
day immediately following the Consummation Date as set forth in the notice. In
the event that (a) on or before the Consummation Date, we have notified
you that the Business Combination has not been or will not be consummated on
the Consummation Date described in the notice thereof and (b) we have
notified you on or before the original Consummation Date of a new Consummation
Date, then you shall continue to liquidate the Trust Account to the effect
that, on the new Consummation Date, all of the funds held in the Trust Account
will be immediately available for transfer to the account or accounts that the
Company shall direct on the new Consummation Date.

 

	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  
	
   

  	
  CHINA
  MINING RESOURCES HOLDINGS

  LIMITED

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

EXHIBIT B

 

[Company Letterhead]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

17
Battery Place

8th
Floor

New
York, NY 10004

Attn:
Steven Nelson

 

	
   

  	
  Re:

  	
  Trust
  Account No.

  
	
   

  	
   

  	
  Liquidation
  Letter

  

 

Ladies
and Gentlemen:

 

Pursuant to the Investment Management Trust
Agreement between China Mining Resources Holdings Limited (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”),
dated as of [              
       , 2008] (“Trust Agreement”),
this is to advise you that the Company has been unable to consummate an initial
Business Combination (as defined in the Trust Agreement) with a target business
within the time frame specified in the Company’s Amended and Restated
Certificate of Incorporation, as described in the Company’s prospectus relating
to its initial public offering, and the Company is proceeding to dissolve and
liquidate the Trust Account. Capitalized terms used and not defined herein
shall have their respective meanings set forth in the Trust Agreement. Attached
hereto is a copy of the minutes of the meeting of the Board of Directors of the
Company relating thereto, certified by the Secretary of the Company as true and
correct and in full force and effect.

 

In accordance with the terms of the Trust Agreement,
we hereby authorize you to commence liquidation of the Trust Account as
promptly as practicable to the Public Stockholders of record as of the Last
Date. Not more than five (5) business days following the Last Date, the
Company will deliver to you a list of Public Stockholders of record as of the
Last Date. You will notify the Company in writing as to when all of the funds
in the Trust Account will be available for immediate transfer (“Transfer
Date”). You shall commence distribution of such funds in accordance with
the terms of the Trust Agreement and you shall oversee the distribution of the
funds. Upon the payment of all the funds in the Trust Account, the Trust
Agreement shall be terminated and the Trust Account closed.

 

	
   

  	
  CHINA
  MINING RESOURCES HOLDINGS

  LIMITED

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

EXHIBIT C

 

[Company Letterhead]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

17
Battery Place

8th
Floor

New
York, NY 10004

Attn:
Steven Nelson

 

	
  Re:

  	
  Trust
  Account No.

  
	
   

  	
  Tax
  Disbursement Letter

  

 

Ladies
and Gentlemen:

 

Pursuant to the Investment Management Trust
Agreement between China Mining Resources Holdings Limited (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”),
dated as of [            
     , 2008] (“Trust Agreement”), this is to
advise you that the Trust Account (as defined in the Trust Agreement) has
incurred a total of $                          
in taxes (the “Tax Payments”) for the period from            
      , 200    to           
     , 200     (the “Tax Period”)
as a result of interest and other income earned on the Property (as defined in
the Trust Agreement) during the Tax Period.

 

In accordance with the terms of the Trust Agreement,
we hereby authorize you to distribute from the Trust Account proceeds from the
Property equal to the aggregate Tax Payments on such dates, in such amounts and
to such payees as indicated on the Schedule of Tax Payments attached hereto as Schedule 1.

 

 

	
   

  	
  CHINA
  MINING RESOURCES HOLDINGS

  LIMITED

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

SCHEDULE 1

 

SCHEDULE OF TAX
PAYMENTS

 

	
  [Payee]

  	
   

  
	
   

  	
   

  
	
  Payment Date:

  	
   

  
	
  Amount:

  	
   

  
	
  Address:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  [Payee]

  	
   

  
	
   

  	
   

  
	
  Payment Date:

  	
   

  
	
  Amount:

  	
   

  
	
  Address:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  [Payee]

  	
   

  
	
   

  	
   

  
	
  Payment Date:

  	
   

  
	
  Amount:

  	
   

  
	
  Address:

  	
   

  

 

 

EXHIBIT D

 

[Company Letterhead]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

17
Battery Place

8th
Floor

New
York, NY 10004

Attn:
Steven Nelson

 

	
  Re:

  	
  Trust
  Account No.

  
	
   

  	
  Interest
  Withdrawal Letter

  

 

Ladies
and Gentlemen:

 

Pursuant to the Investment Management Trust
Agreement between China Mining Resources Holdings Limited (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”),
dated as of [              
     , 2008] (“Trust Agreement”), this is to
advise you that the Company hereby requests that you deliver to the Company
$          of the interest, net of
the taxes payable on such interest, earned on the Property as of the date
hereof, which does not exceed, in the aggregate with all such prior
disbursements pursuant to Section 3, if any, the maximum amount set forth
in Section 3(b). The Company needs such funds to cover its expenses
relating to investigating and selecting a target business and other working
capital requirements. In accordance with the terms of the Trust Agreement, you
are hereby directed and authorized to transfer (via wire transfer) such funds
promptly upon your receipt of this letter to the Company’s operating account
at:

 

[WIRE
INSTRUCTION INFORMATION]

 

	
   

  	
  CHINA
  MINING RESOURCES HOLDINGS

  LIMITED

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

EXHIBIT E

 

[Company Letterhead]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

17
Battery Place

8th
Floor

New
York, NY 10004

Attn:
Steven Nelson

 

	
   

  	
  Re:

  	
  Trust
  Account No.

  
	
   

  	
   

  	
  Extension
  Notification Letter

  

 

Ladies
and Gentlemen:

 

Pursuant to the Investment Management Trust
Agreement between China Mining Resources Holdings Limited (“Company”)
and Continental Stock Transfer & Trust Company (“Trustee”),
dated as of [                ,
2008] (“Trust Agreement”), this is to advise you that the Initial Last
Date has been extended (an “Extension”) to a date that is not more than
twelve (12) months after the Initial Last Date (such date, the “Extended
Last Date”). Capitalized terms used and not defined herein shall have their
respective meanings set forth in the Trust Agreement.

 

The Company shall deliver to you written
instructions with respect to the transfer of the funds held in the Trust
Account, including such instructions as may be necessary to ensure compliance
with any applicable law relating to the treatment of the proceeds of the IPO,
including without limitation any law which requires notice to any governmental
entity with respect to the release of the Property from the Trust Account (“Instruction
Letter”), which shall include instructions for the distribution to Public
Stockholders who exercised their conversion option in connection with the
Extension an amount equal to the pro rata share of the Property relating to the
shares for which such Public Stockholders have exercised conversion rights in
connection with a vote of stockholders for an Extension and the date of such
distribution (the “Payment Date”).

 

In accordance with the terms of the Trust Agreement,
we hereby authorize you to commence partial liquidation of the Trust Account up
to 40% of the assets remaining in the Trust Account (the “Liquidation Amount”)
to the effect that, on the Payment Date, such liquidated funds will be
immediately available for transfer to the account or accounts that the Company
shall direct on the Payment Date.

 

You are hereby directed and authorized to transfer
the funds held in the Trust Account upon your receipt of the Instruction
Letter, in accordance with the terms of the Instruction Letter.  In the event that certain deposits or
investments held in the Trust Account may not be liquidated by the Payment Date
without penalty, you will notify the Company of the same and the Company shall
direct you as to whether such funds should 

 

 

remain
in the Trust Account and be distributed after the Payment Date to the
Company.  In the event that on or before
the Payment Date, we have notified you that the Liquidation Amount described in
this notice shall be reduced (such amount of reduction, the “Excess
Liquidation Amount”), then the Excess Liquidation Amount held in the Trust
Account shall be reinvested as provided in the Trust Agreement on the business
day immediately following the Payment Date.

 

 

	
   

  	
  Very
  truly yours,

  
	
   

  	
   

  
	
   

  	
  CHINA
  MINING RESOURCES HOLDINGS

  LIMITED

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

EXHIBIT F

 

	
  AUTHORIZED INDIVIDUAL(S)

  	
   

  	
  AUTHORIZED

  
	
  FOR TELEPHONE CALL BACK

  	
   

  	
  TELEPHONE NUMBER(S)

  

 

	
  Company:

  
	
  China
  Mining Resources Holdings Limited

  
	
  Suite 3015,
  30F

  
	
  One
  International Finance Center

  
	
  1
  Harbor View Street

  
	
  Central,
  Hong Kong

  
	
  Attn:
  Robin Lee, CEO

  
	
   

  
	
   

  
	
  [Issuer]

  
	
  [Address]

  
	
   

  
	
   

  
	
  Attention:

  
	
  Attention:

  
	
   

  
	
   

  
	
  Trustee:

  
	
  Continental
  Stock Transfer & Trust Company

  
	
  17
  Battery Place

  
	
  8th
  Floor

  
	
  New
  York, NY 10004

  
	
  Attn:
  Steven Nelson, President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]