Document:

STOCK ESCROW AGREEMENT

     STOCK ESCROW AGREEMENT, dated as of ___________ ___, 2004 ("Agreement") by
and among CHINA MINERAL ACQUISITION CORPORATION, a Delaware corporation
("Company"), DR. SIMON MU, DR. BING ZHAO, MR. DANIEL KUNZ, MR. CUI GUISHENG and
MR. MA XIAO (collectively "Initial Stockholders") and CONTINENTAL STOCK TRANSFER
& TRUST COMPANY, a New York corporation ("Escrow Agent").

     WHEREAS, the Company has entered into an Underwriting Agreement, dated
_______ __, 2004 ("Underwriting Agreement") with Broadband Capital Management
LLC ("Broadband") acting as representative of the several underwriters
(collectively, the "Underwriters"), pursuant to which, among other matters, the
Underwriters have agreed to purchase 4,000,000 units ("Units") of the Company.
Each Unit consists of one share of the Company's Common Stock, par value $.0001
per share, and two Warrants, each Warrant to purchase one share of Common Stock,
all as more fully described in the Company's definitive Prospectus, dated
________ __, 2004 ("Prospectus") comprising part of the Company's Registration
Statement on Form S-1 (File No. 333-________) under the Securities Act of 1933,
as amended ("Registration Statement"), declared effective on ________ __, 2004
("Effective Date").

     WHEREAS, the Initial Stockholders have agreed as a condition of the sale of
the Units to deposit their shares of Common Stock of the Company, as set forth
opposite their respective names in Exhibit A attached hereto (collectively
"Escrow Shares"), in escrow as hereinafter provided.

     WHEREAS, the Company and the Initial Stockholders desire that the Escrow
Agent accept the Escrow Shares, in escrow, to be held and disbursed as
hereinafter provided.

     IT IS AGREED:

     1. Appointment of Escrow Agent. The Company and the Initial Stockholders
hereby appoint the Escrow Agent to act in accordance with and subject to the
terms of this Agreement and the Escrow Agent hereby accepts such appointment and
agrees to act in accordance with and subject to such terms.

     2. Deposit of Escrow Shares. On or before the Effective Date, each of the
Initial Stockholders shall deliver to the Escrow Agent certificates representing
his or her respective Escrow Shares, to be held and disbursed subject to the
terms and conditions of this Agreement. Each Initial Stockholder acknowledges
that the certificate representing his or her Escrow Shares is legended to
reflect the deposit of such Escrow Shares under this Agreement.

     3. Disbursement of the Escrow Shares. The Escrow Agent shall hold the
Escrow Shares until the third anniversary of the Effective Date ("Escrow
Period"), on

which date it shall, upon written instructions from each Initial
Stockholder, disburse each of the Initial Stockholder's Escrow Shares to such
Initial Stockholder; provided, however, that if the Escrow Agent is notified by
the Company pursuant to Section 6.7 hereof that the Company is being liquidated
at any time during the Escrow Period, then the Escrow Agent shall promptly
destroy the certificates representing the Escrow Shares; provided further, that
if, after the Company consummates a Business Combination (as such term is
defined in the Registration Statement), it subsequently consummates a
liquidation, merger, stock exchange or other similar transaction which results
in all of its stockholders having the right to exchange their shares of Common
Stock for cash, securities or other property, then the Escrow Agent will, upon
consummation of such transaction, release the Escrow Shares to the Initial
Stockholders so that they can similarly participate. The Escrow Agent shall have
no further duties hereunder after the disbursement or destruction of the Escrow
Shares in accordance with this Section 3.

     4. Rights of Initial Stockholders in Escrow Shares.

          4.1. Voting Rights as a Stockholder. Subject to the terms of the
Insider Letter described in Section 4.4 hereof and except as herein provided,
the Initial Stockholders shall retain all of their rights as stockholders of the
Company during the Escrow Period, including, without limitation, the right to
vote such shares.

          4.2. Dividends and Other Distributions in Respect of the Escrow
Shares. During the Escrow Period, all dividends payable in cash with respect to
the Escrow Shares shall be paid to the Initial Stockholders, but all dividends
payable in stock or other non-cash property ("Non-Cash Dividends") shall be
delivered to the Escrow Agent to hold in accordance with the terms hereof. As
used herein, the term "Escrow Shares" shall be deemed to include the Non-Cash
Dividends distributed thereon, if any.

          4.3. Restrictions on Transfer. During the Escrow Period, no sale,
transfer or other disposition may be made of any or all of the Escrow Shares
except (i) by gift to a member of Initial Stockholder's immediate family or to a
trust, the beneficiary of which is an Initial Stockholder or a member of an
Initial Stockholder's immediate family, (ii) by virtue of the laws of descent
and distribution upon death of any Initial Stockholder, or (iii) pursuant to a
qualified domestic relations order; provided, however, that such permissive
transfers may be implemented only upon the respective transferee's written
agreement to be bound by the terms and conditions of this Agreement and of the
Insider Letter signed by the Initial Stockholder transferring the Escrow Shares.
During the Escrow Period, the Initial Stockholders shall not pledge or grant a
security interest in the Escrow Shares or grant a security interest in their
rights under this Agreement.

          4.4. Insider Letters. Each of the Initial Stockholders has executed a
letter agreement with Broadband and the Company, dated as indicated on Exhibit A
hereto, and which is filed as an exhibit to the Registration Statement ("Insider
Letter"), respecting the rights and obligations of such Initial Stockholder in
certain events, including but not limited to the liquidation of the Company.

                                       2

     5. Concerning the Escrow Agent.

          5.1. Good Faith Reliance. The Escrow Agent shall not be liable for any
action taken or omitted by it in good faith and in the exercise of its own best
judgment, and may rely conclusively and shall be protected in acting upon any
order, notice, demand, certificate, opinion or advice of counsel (including
counsel chosen by the Escrow Agent), 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 Escrow Agent to be
genuine and to be signed or presented by the proper person or persons. The
Escrow Agent shall not be bound by any notice or demand, or any waiver,
modification, termination or rescission of this Agreement unless evidenced by a
writing delivered to the Escrow Agent signed by the proper party or parties and,
if the duties or rights of the Escrow Agent are affected, unless it shall have
given its prior written consent thereto.

          5.2. Indemnification. The Escrow Agent shall be indemnified and held
harmless by the Company from and against any expenses, including counsel fees
and disbursements, or loss suffered by the Escrow Agent in connection with any
action, suit or other proceeding involving any claim which in any way, directly
or indirectly, arises out of or relates to this Agreement, the services of the
Escrow Agent hereunder, or the Escrow Shares held by it hereunder, other than
expenses or losses arising from the gross negligence or willful misconduct of
the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of
any demand or claim or the commencement of any action, suit or proceeding, the
Escrow Agent shall notify the other parties hereto in writing. In the event of
the receipt of such notice, the Escrow Agent, in its sole discretion, may
commence an action in the nature of interpleader in an appropriate court to
determine ownership or disposition of the Escrow Shares or it may deposit the
Escrow Shares with the clerk of any appropriate court or it may retain the
Escrow Shares pending receipt of a final, non appealable order of a court having
jurisdiction over all of the parties hereto directing to whom and under what
circumstances the Escrow Shares are to be disbursed and delivered.

          5.3. Compensation. The Escrow Agent shall be entitled to reasonable
compensation from the Company for all services rendered by it hereunder. The
Escrow Agent shall also be entitled to reimbursement from the Company for all
expenses paid or incurred by it in the administration of its duties hereunder
including, but not limited to, all counsel, advisors' and agents' fees and
disbursements and all taxes or other governmental charges.

          5.4. Further Assurances. From time to time on and after the date
hereof, the Company and the Initial Stockholders shall deliver or cause to be
delivered to the Escrow Agent such further documents and instruments and shall
do or cause to be done such further acts as the Escrow Agent shall reasonably
request to carry out more effectively the provisions and purposes of this
Agreement, to evidence compliance herewith or to assure itself that it is
protected in acting hereunder.

                                       3

          5.5. Resignation. The Escrow Agent may resign at any time and be
discharged from its duties as escrow agent hereunder by its giving the other
parties hereto written notice and such resignation shall become effective as
hereinafter provided. Such resignation shall become effective at such time that
the Escrow Agent shall turn over to a successor escrow agent appointed by the
Company, the Escrow Shares held hereunder. If no new escrow agent is so
appointed within the 60 day period following the giving of such notice of
resignation, the Escrow Agent may deposit the Escrow Shares with any court it
deems appropriate.

          5.6. Discharge of Escrow Agent. The Escrow Agent shall resign and be
discharged from its duties as escrow agent hereunder if so requested in writing
at any time by the other parties hereto, jointly, provided, however, that such
resignation shall become effective only upon acceptance of appointment by a
successor escrow agent as provided in Section 5.5.

          5.7. Liability. Notwithstanding anything herein to the contrary, the
Escrow Agent shall not be relieved from liability hereunder for its own gross
negligence or its own willful misconduct.

     6. Miscellaneous.

          6.1. Governing Law. This Agreement shall for all purposes be deemed to
be made under and shall be construed in accordance with the laws of the State of
New York. Each of the parties hereby agrees that any action, proceeding or claim
against it arising out of or relating in any way to this Agreement shall be
brought and enforced in the courts of the State of New York or the United States
District Court for the Southern District of New York, and irrevocably submits to
such jurisdiction, which jurisdiction shall be exclusive. Each of the parties
hereby waives any objection to such exclusive jurisdiction and that such courts
represent an inconvenience forum.

          6.2. Third Party Beneficiaries. Each of the Initial Stockholders
hereby acknowledges that the Underwriters are third party beneficiaries of this
Agreement and this Agreement may not be modified or changed without the prior
written consent of Broadband.

          6.3. Entire Agreement. This Agreement contains the entire agreement of
the parties hereto with respect to the subject matter hereof and, except as
expressly provided herein, may not be changed or modified except by an
instrument in writing signed by the party to the charged.

          6.4. Headings. The headings contained in this Agreement are
forreference purposes only and shall not affect in any way the meaning or
interpretation thereof.

          6.5. Binding Effect. This Agreement shall be binding upon and inure to
the benefit of the respective parties hereto and their legal representatives,
successors and assigns.

                                       4

          6.6. Notices. Any notice or other communication required or which may
be given hereunder shall be in writing and either be delivered personally or be
mailed, certified or registered mail, or by private national courier service,
return receipt requested, postage prepaid, and shall be deemed given when so
delivered personally or, if mailed, two days after the date of mailing, as
follows:

          If to the Company, to:

                    China Mineral Acquisition Corporation
                    c/o Loeb & Loeb LLP
                    345 Park Avenue
                    New York, New York 10154
                    Attn:   Dr. Simon Mu, Chief Executive Officer
                            and President
                    Attn:   Mitchell S. Nussbaum, Esq.

          If to a Stockholder, to his address set forth in Exhibit A.

          and if to the Escrow Agent, to:

                    Continental Stock Transfer & Trust Company
                    17 Battery Place
                    New York, New York 10004
                    Attn:   Chairman

          A copy of any notice sent hereunder shall be sent to:

                    Littman Krooks LLP
                    655 Third Avenue
                    New York, New York 10017
                    Attn:   Mitchell C. Littman, Esq.

          and:

                    Broadband Capital Management LLC
                    805 Third Avenue New York,
                    New York 10022
                    Attn:   Michael Rapp, Chairman

          and:

                    Loeb & Loeb LLP
                    345 Park Avenue
                    New York, New York 10154
                    Attn:   Mitchell S. Nussbaum, Esq.

                                       5

          The parties may change the persons and addresses to which the notices
or other communications are to be sent by giving written notice to any such
change in the manner provided herein for giving notice.

          6.7. Liquidation of Company. The Company shall give the Escrow Agent
written notification of the liquidation and dissolution of the Company in the
event that the Company fails to consummate a Business Combination within the
time period(s) specified in the Prospectus.

                                       6

          WITNESS the execution of this Agreement as of the date first above
written.

               CHINA MINERAL ACQUISITION CORPORATION

               By:  ________________________________
                    Dr. Simon Mu, Chief Executive
                    Officer and President

               INITIAL STOCKHOLDERS:

               ________________________________
               DR. SIMON MU

               ________________________________
               DR. BING ZHAO

               ________________________________
               MR. DANIEL KUNZ

               ________________________________
               MR. CUI GUISHENG

               ________________________________
               MR. MA XIAO

               CONTINENTAL STOCK TRANSFER
               & TRUST COMPANY

               By:________________________________
                    Name:  Steven G. Nelson
                    Title: Chairman

                                       7

                                    EXHIBIT A

Name and Address of                         Number                Stock                    Date of
Initial Stockholder                        of Shares         Certificate Number         Insider Letter
-------------------                        ---------         ------------------         --------------

Dr. Simon Mu                                250,000                                   _______ ___, 2004
62 Jackson Drive
Cresskill, New Jersey 07626

Dr. Bing Zhao                               250,000                                   _______ ___, 2004
Flat 18B, Tower One
23 Old Peak Road
Hong Kong, PRC

Mr. Daniel Kunz                             250,000                                   _______ ___, 2004
2007 Warm Springs Avenue
Boise, Idaho 83712

Mr. Cui Guisheng                            125,000                                   _______ ___, 2004
Room 29B, Shunan Building
Cathy Plaza
Hong Kong, PRC

Mr. Ma Xiao                                 125,000                                    _______ ___,2004
Room B-2008, Zhongshen Garden
Caitan Road
Futian District, Shenzhen, PRC

                                       8PROMISSORY NOTE

$11,668

                                                            As of April 22, 2004
                                                              New York, New York

     China Mineral Acquisition  Corporation (the "Maker") promises to pay to the
order of Simon Mu (the "Payee") the principal sum of Eleven Thousand Six Hundred
Sixty Eight  Dollars  ($11,668) in lawful money of the United States of America,
together  with  interest on the unpaid  principal  balance of this Note,  on the
terms and conditions  described  below.

     1.  Principal.  The  principal  balance  of this Note  shall be  repayable,
together with all accrued interest, on the earlier of (i) April 22, 2005 or (ii)
the  date  on  which  Maker  consummates  an  initial  public  offering  of  its
securities.

     2. Interest.  Interest shall accrue on the unpaid principal balance of this
Note at an annual  rate  equal to 4.0%  until the  principal  amount of, and all
accrued  interest  on, this Note has been paid in full.  Interest for any period
shall be computed on the basis of the actual  number of days  elapsed and a year
of 360  days.  The  interest  rate  provided  in this  Note  shall  apply to the
indebtedness  evidenced hereby before,  on, and after the date or dates on which
the Payee enters judgment on this Note.

     3. Application of Payments.  All payments shall be applied first to payment
in full of any costs  incurred in the collection of any sum due under this Note,
including (without limitation)  reasonable  attorneys' fees, then to the payment
in full of any late  charges,  then to the  payment in full of  accrued,  unpaid
interest and finally to the  reduction of the unpaid  principal  balance of this
Note.

     4. Events of Default. The following shall constitute Events of Default:

          (a)  Failure to Make  Required  Payments.  Failure by Maker to pay the
principal  of or accrued  interest on this Note within  five (5)  business  days
following the date when due.

          (b)  Voluntary  Bankruptcy,  Etc.  The  commencement  by  Maker  of  a
voluntary  case  under  the  Federal  Bankruptcy  Code,  as now  constituted  or
hereafter  amended,  or  any  other  applicable  federal  or  state  bankruptcy,
insolvency, reorganization,  rehabilitation or other similar law, or the consent
by it to the  appointment  of or taking  possession  by a receiver,  liquidator,
assignee, trustee, custodian,  sequestrator (or other similar official) of Maker
or for  any  substantial  part  of its  property,  or  the  making  by it of any
assignment  for the benefit of creditors,  or the failure of Maker  generally to
pay its debts as such debts  become  due, or the taking of  corporate  action by
Maker in furtherance of any of the foregoing.

          (c)  Involuntary  Bankruptcy,  Etc. The entry of a decree or order for
relief by a court having  jurisdiction in the premises in respect of Maker in an
involuntary  case  under  the  Federal  Bankruptcy  Code,  as now  or  hereafter
constituted, or any other applicable federal or state bankruptcy,  insolvency or
other similar law, or appointing a receiver,  liquidator,  assignee,

custodian,  trustee,  sequestrator  (or  similar  official)  of Maker or for any
substantial  part of its property,  or ordering the winding-up or liquidation of
its affairs,  and the  continuance  of any such decree or order  unstayed and in
effect for a period of 60 consecutive days.

     5.  Remedies.

          (a) Upon the  occurrence  of an Event of Default  specified in Section
4(a),  Payee may, by written  notice to Maker,  declare  this Note to be due and
payable,  whereupon  the  principal  amount of this Note,  together with accrued
interest  thereon  and  all  other  amounts  payable  thereunder,  shall  become
immediately due and payable without presentment, demand, protest or other notice
of any kind, all of which are hereby expressly waived, anything contained herein
or in the documents  evidencing  the same to the contrary  notwithstanding.

          (b) Upon the  occurrence of an Event of Default  specified in Sections
4(b) and 4(c), the unpaid principal balance of, all accrued, unpaid interest on,
and all other sums  payable  with regard to, this Note shall  automatically  and
immediately become due and payable,  in all cases without any action on the part
of Payee.

     6. Waivers.  Maker and all endorsers and  guarantors  of, and sureties for,
this Note waive presentment for payment,  demand,  notice of dishonor,  protest,
and  notice of  protest  with  regard to this  Note,  all  errors,  defects  and
imperfections  in any  proceedings  instituted  by Payee under the terms of this
Note,  and all  benefits  that might accrue to Maker by virtue of any present or
future  laws  exempting  any  property,  real or  personal,  or any  part of the
proceeds arising from any sale of any such property,  from  attachment,  levy or
sale under  execution,  or providing for any stay of execution,  exemption  from
civil process, or extension of time for payment;  and Maker agrees that any real
estate that may be levied upon pursuant to a judgment obtained by virtue hereof,
on any writ of execution issued hereon,  may be sold upon any such writ in whole
or in part in any order  desired by Payee.

     7. Unconditional  Liability.  Maker hereby waives all notices in connection
with the delivery,  acceptance,  performance,  default,  or  enforcement  of the
payment of this Note,  and agrees  that its  liability  shall be  unconditional,
without regard to the liability of any other party, and shall not be affected in
any manner by any indulgence, extension of time, renewal, waiver or modification
granted or consented  to by Payee,  and  consents to any and all  extensions  of
time,  renewals,  waivers,  or  modifications  that may be granted by Payee with
respect  to the  payment  or other  provisions  of this  Note,  and  agree  that
additional makers, endorsers,  guarantors, or sureties may become parties hereto
without notice to them or affecting their liability  hereunder.

     8. Notices.  Any notice called for hereunder shall be deemed properly given
if (i)  sent by  certified  mail,  return  receipt  requested,  (ii)  personally
delivered,  (iii) dispatched by any form of private or governmental express mail
or delivery service providing receipted delivery, or (iv) sent by telefacsimile,
to the  following  addresses  or to such  other  address  as  either  party  may
designate by notice in accordance with this Section:

                                       2

            If to Maker:

                    China Mineral Acquisition Corporation
                    c/o Loeb & Loeb LLP
                    345 Park Avenue
                    New York, New York 10154
                    Attn.: ____________________
                    Attn:  ____________________
                    Facsimile No: (212) 407-4990

            If to Payee:

                    Dr. Simon Mu
                    ____________________
                    ____________________
                    ____________________

Notice  shall be  deemed  given on the  earlier  of (i)  actual  receipt  by the
receiving   party,   (ii)  the  date  shown  on  a  telefacsimile   transmission
confirmation, (iii) the date reflected on a signed delivery receipt, or (iv) two
(2) Business  Days  following  tender of delivery or dispatch by express mail or
delivery service.

     9. Construction.  Notwithstanding the place where this Note may be executed
by the  Maker,  all the  terms  and  provisions  hereof  shall be  construed  in
accordance  with and  governed  by the  internal  laws of the State of New York,
regardless of the laws that might otherwise govern under  applicable  principles
of conflicts  of law.

     10. Severability.  Any provision contained in this Note which is prohibited
or  unenforceable  in  any  jurisdiction  shall,  as to  such  jurisdiction,  be
ineffective  to the  extent  of such  prohibition  or  unenforceability  without
invalidating  the  remaining  provisions  hereof,  and any such  prohibition  or
unenforceability   in  any   jurisdiction   shall  not   invalidate   or  render
unenforceable such provision in any other jurisdiction.

                                       3

     IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused
this Note to be duly executed by its Chief  Financial  Officer and Secretary the
day and year first above written.

                                        CHINA MINERAL ACQUISITION
                                        CORPORATION

                                        By:  ___________________________
                                             Name:
                                             Title:

                                       4

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