Document:

VANGUARD HEALTH SYSTEMS, INC.

EXHIBIT 10.71

	

 

	
SOLICITATION AMENDMENT

  Solicitation Number: RFP YH09-0001

   Amendment Number One

   Solicitation Due Date: March 28, 2008, 3:00 PM (MST)

 

	
  Arizona Health Care Cost Containment

   System (AHCCCS)

   701 East Jefferson

   Phoenix, Arizona 85034

  Solicitation Contact Person:

   Michael Veit, Contracts and Purchasing

   Administrator

   E-mail: Michael.Veit@azahcccs.gov

A signed copy of this amendment must be returned with the proposal and received by AHCCCSA on or prior to the Solicitation due date and time.  This solicitation is amended as follows:

	
1.

	
 

	
AMENDSection C. DEFINITIONS to reflect correct reference for WWHP as follows: “(See AMPM Chapter 300, Section 320).”

	
 

	
 

	
 

	
2.

	
 

	
AMENDSection D. ¶16 STAFF REQUIREMENTS AND SUPPORT SERVICES to include a new second sentence in subparagraph 2 “All staff or functions designated with an asterisk must be located
within the State of Arizona at all times throughout the term of the Contract.”

	
 

	
 

	
 

	
3.

		
REPLACESection D. ¶16 STAFF REQUIREMENTS AND SUPPORT SERVICES third sentence of subparagraph 3 with the following: “The Contractor must obtain approval from AHCCCS prior to moving
any functions not designated with an asterisk outside the State of Arizona after Contract initiation.”

	
 

	
 

	
 

	
4.

	
 

	
ADDSection D. ¶38 CLAIM PAYMENT/HEALTH INFORMATION SYSTEM subparagraph 6 below second bullet of subparagraph 5 which will read “The findings of the audits described above must be
documented and any deficiencies noted in the resulting reports must be met with corrective action.”

	
 

	
 

	
 

	
5.

	
 

	
AMENDSection D. ¶38 CLAIMS PAYMENT/HEALTH INFORMATION SYSTEM subparagraph 15 to read as follows: “...with 50,000 or more members shall ensure that for each form type
(Dental/Professional/Institutional), 95% of all clean claims are adjudicated within 30 days of receipt of the clean claim and 99% are adjudicated within 60 days of receipt of the clean claim. Unless a subcontract specifies otherwise, a Contractor with fewer than
50,000 members shall ensure that for each form type (Dental/Professional/Institutional), 90% of all clean claims are adjudicated within 30 days of receipt of the clean claim and 99% are adjudicated within 60 days...”

	
 

	
 

	
 

	
6.

		
AMENDSection E. ¶8 INDEMNIFICATION final two sentences will now read as follows: “...shall be responsible for its own negligence and/or willful misconduct. Each party to this
contract is responsible for its own negligence and/or willful misconduct.”

	
 

	
 

	
 

	
7.

		
AMENDSection E. ¶19 TEMPORARY MANAGEMENT/OPERATION OF A CONTRACTION AND TERMINATION subparagraph 3, final sentence will  now read as follows: “...proceeding in which the
Contractor may be a third party; such powers shall only apply with respect to activities occurring after AHCCCS undertakes direct operation of the Contractor in connection with this Section.”

	
 

	
 

	
 

	
8.

		
AMENDSection G. REPRESENTATIONS AND CERTIFICATIONS OF OFFEROR “Offeror General Information” pagination reference to read as follows: “(Page 1 of 1)”

	
 

	
 

	
 

	
9.

		
REPLACESection I. INSTRUCTIONS TO OFFERORS with Attachment A of this Solicitation Amendment (#1) within the ACUTE CARE RFP YH09-0001.

	
 

	
 

	
 

	
10.

		
REPLACESection I. ¶ 6 AMENDMENTS TO RFP second sentence with the following: “Receipt of solicitation amendments must be acknowledged by signing and returning the signature pages
of each amendment with the proposal submission to the Solicitation Contact Person listed in Section A.”

	
 

	
 

	
	
11.

	
 

	
REPLACESection I. ¶14 CONTENTS OF OFEEROR’S PROPOSAL subparagraph 5, second sentence beginning “For example...” with the following sentence: “For example,
“Network” would begin with the page number following the last page number in “General Matters”.”

	
 

	
 

	
 

	
12.

		
AMENDSection I . ¶14 CONTENTS OF OFFEROR’S PROPOSAL Submission Requirement #28 to read as follows: “Describe existing or planned relationships with Medicare plans (MA, MAPDP
or PDP) that will allow for coordination of care between Medicare and Medicaid services.” No changes made to references.

	
 

	
 

	
 

	
13.

	
 

	
ADDSection I. ¶14 CONTENTS OF OFFEROR’S PROPOSAL to Submission Requirement #43 the following parenthetical notation after the concluding sentence of paragraph 1: “(not to
exceed 10 pages total)”

	
 

	
 

	
 

	
14.

		
ADDSection I. ¶CONTENTS OF OFFEROR’S PROPOSAL to Submission Requirement #45 the following parenthetical notation after the concluding sentence of paragraph 1: “(no page
limit)”; and the following third bullet point: “Provide (in parentheses next to title) the physical location of each functional area.”

	
 

	
 

	
 

	
15.

	
 

	
ADDSection I. ¶14 CONTENTS OF OFFEROR’S PROPOSAL to Submission Requirement #47 the following parenthetical notation after the concluding sentence of paragraph 1: “(narrative
response limited to 3 pages; tables may exceed this limit).”

	
 

	
 

	
 

	
16.

		
ADDSection I. ¶14 CONTENTS OF OFFEROR’S PROPOSAL to Submission Requirement #50 the following parenthetical notation after the concluding sentence of paragraph 1: “(narrative
response limited to 3 pages; tables may exceed this limit).”

	
 

	
 

	
 

	
17.

		
REMOVEAttachment B. MINIMUM NETWORK STANDARDS under District 2 of Hospitals in Tucson Metropolitan Area the following hospital requirement: El Dorado Hospital.

	
 

	
 

	
 

	
18.

		
REPLACEAttachment E. INSTRUCTIONS FOR PREPARING CAPITATION PROPOSAL Paragraph 2, Sentence 2, with the following: “In the event that the Web Tool bid submission differs from the bid
submission included with Section B of the RFP, the hard copy submission will prevail.”

	
 

	
 

	
 

	
19.

	
 

	
REPLACEAttachment J. OFFEROR’S CHECKLIST with Attachment B of this Solicitation Amendment (#1) within the ACUTE CARE RFP YH009-0001.  Amended to include acknowledgement of
Solicitation Amendments under I. General Matters; and to include a listing of GSAs bid under VI. Other.

	
 

	
 

	
 

	
20.

		
INCORPORATEthe Questions and Responses, Attachment C to this Solicitation Amendment (#1), as part of the ACUTE CARE RFP YH009-0001.

	
Offeror hereby acknowledges receipt and

 understanding of this Solicitation Amendment.

	
 

	
This Solicitation Amendment is hereby executed this 29th day

 of February, 2008, in Phoenix, Arizona.

	

 /s/ Nancy Novick                                    3/17/08

 NANCY NOVICK, CEO

 VHS Phoenix Health Plan, LLC

	
       

	
Michael Veit

 Contracts and Purchasing Administrator

	

 

	
SOLICITATION AMENDMENT

  Solicitation Number: RFP YH09-0001

   Amendment Number Two

   Solicitation Due Date: March 28, 2008, 3:00 PM (MST)

 

	
  Arizona Health Care Cost Containment

   System (AHCCCS)

   701 East Jefferson

   Phoenix, Arizona 85034

  Solicitation Contact Person:

   Michael Veit, Contracts and Purchasing

   Administrator

   E-mail: Michael.Veit@azahcccs.gov

A signed copy of this amendment must be returned with the proposal and received by AHCCCSA on or prior to the Solicitation due date and time.  This solicitation is amended as follows:

	
1.

	
 

	
AMENDSection D. ¶1, TERM OF CONTRACT AND OPTION TO RENEW item “f.” in the listing to read as follows:

“Cooperation with any open reconciliation activities including, but not limited to, PPC, MED Prospective or SSDI-TMC until release has been granted by AHCCCS.”

	
 

	
 

	
 

	
2.

	
 

	
ADDSection D. ¶53, COMPENSATION below the subparagraph titled “Reconciliation of PPC Costs to Reimbursement” the following subparagraph:

“Reconciliation of Prospective MED costs to Reimbursement: AHCCCS will reconcile the Contractor’s prospective MED medical cost expenses to
prospective MED net capitation paid to the Contractor for dates of service during the contract year being reconciled. This reconciliation will limit the Contractor’s profits and losses to 3%. Any losses in excess of 3% will be reimbursed to the Contractor, and
likewise, profits in excess of 3% will be recouped. Encounter data will be used to determine medical expenses. Refer to the Prospective MED Reconciliation Policy included in the ACOM for further details.

For all Contractors, the PPC TWG population, both MED and non-MED, will be reconciled with the PPC reconciliation referred to above.”

	
 

	
 

	
 

	
3.

		
REPLACESection I. INSTRUCTIONS TO OFFEROR’S with Attachment A of this Soliciation Amendment (#2) with the ACUTE CARE RFP YH09-0001.

	
 

	
 

	
 

	
4.

	
 

	
REPLACESection I. ¶14, CONTENTS OF OFFEROR’S PROPOSAL Subsection III. CAPITATION, Subparagraph 2 with the following:

“Prior Period Coverage (PPC), MED Prospective, Delivery Supplement, SOBRA Family Planning, SSDI-TMC and State

Only Transplant rates will be set by the AHCCCS actuaries and not bid by the Contractor, See Section D, Paragraph 53,

Compensation, for information regarding risk sharing for the PPC time period, MED Prospective members and the SSDITMC

members. All other risk groups will be subject to competitive bidding.”

	
 

	
 

	
 

	
5.

	
 

	
AMENDAttachment E. INSTRUCTIONS FOR PREPARING CAPTITATION PROPOSAL the listing of risk groups to exclude MED as follows:

1. TANF <1

 2. TANF 1-13

 3. TANF 14-44 Female

 4. TANF 14-44 Male

 5. TANF 45+

 6. SSI with Medicare

 7. SSI without Medicare

 8. AHCCCS Care (Non-MED)

	
 

	
 

	
 

	
6.

		
AMENDSection E. CONTRACT CLAUSES Paragraph 26, Disputes, first sentence of subparagraph two to read “Except as provided by 9 A.A.C. Chapter 22, Article 6,
the exclusive manner...” formerly read “Except as provided by 9 A.A.C. Chapter 28, Article 6, the exclusive manner...”

	
 

	
 

	
 

	
7.

	
 

	
REPLACEAttachment A. MINIMUM SUBCONTRACT PROVISIONS with Attachment B of this Solicitation Amendment (#2) within the ACUTE CARE RFP YH09-0001.

	
 

	
 

	
 

	
8.

		
REPLACEAttachment A. MINIMUM SUBCONTRACT PROVISIONS Paragraph 8, Confidentiality Requirement, with the following: “The Subcontractor shall safeguard
confidential information in accordance with federal and state laws and regulations, including but not limited to, 42 CFR Part 431, Subpart F, ARS §36-107, 36-2903, 41-1959 and 46-135, AHCCCS Rules, the Health Insurance Portability and Accountability Act (Public
Law 107-191, 110 Statutes 1936), and 45 CFR Parts 160 and 164.”

	
 

	
 

	
 

	
9.

		
REPLACEAttachment A. MINIMUM SUBCONTRACT PROVISIONS Paragraph 10, Contract Claims and Disputes, with the following: “Contract claims and disputes arising
under A.R.S Title 36, Chapter 29 shall be adjudicated in accordance with AHCCCS Rules and A.R.S. §36-2903.01.”

	
 

	
 

	
 

	
10.

	
 

	
AMENDAttachment C. of Amendment #1 QUESTIONS AND RESPONSES, AHCCCS Response to Question Number 15, Sentence four to read “8.5%” where it formerly
read “9%” as follows:

“Administrative trends are included at 8.5% of gross medical costs and 2% of gross medical for risk contingency.”

	
 

	
 

	
 

	
11.

		
ADDAttachment C. of Amendment #1 QUESTIONS AND RESPONSES, AHCCCS Response to Question Number 15, the following paragraph to the end of the Response:

“Based on continued analysis as part of the capitation rate range development and the resulting change in the base capitation rates since the last RFP rebase, AHCCCS has determined that a lower Administrative percentage
is appropriate and will utilize 8.5% as the administrative percentage. Any policies, RFP amendments or other documentation that refer to a 9% Administrative percentage will be changed to read 8.5%. However, the Administrative Cost Percentage for the Financial
Viability Standards referred to in Section D, Paragraph 50, will remain at 10%.”

	
 

	
 

	
	
12.

	
 

	
INCORPORATEthe Questions and Responses, Attachment C to this Solicitation Amendment (#2), as part of the ACUTE CARE RFP YH09-0001.

	
Offeror hereby acknowledges receipt and

 understanding of this Solicitation Amendment.

	
 

	
This Solicitation Amendment is hereby executed this 14th day

 of March, 2008, in Phoenix, Arizona.

	

 /s/ Nancy Novick                                    3/17/08

 NANCY NOVICK, CEO

 VHS Phoenix Health Plan, LLC

	
       

	
Michael Veit

 Contracts and Purchasing Administrator

	

 

	
SOLICITATION AMENDMENT

  Solicitation Number: RFP YH09-0001

   Amendment Number Three

   Solicitation Due Date: March 28, 2008, 3:00 PM (MST)

 

	
  Arizona Health Care Cost Containment

   System (AHCCCS)

   701 East Jefferson

   Phoenix, Arizona 85034

  Solicitation Contact Person:

   Michael Veit, Contracts and Purchasing

   Administrator

   E-mail: Michael.Veit@azahcccs.gov

A signed copy of this amendment must be returned with the proposal and received by AHCCCSA on or prior to the Solicitation due date and time.  This solicitation is amended as follows:

	
1.

	
 

	
ADDSection I. ¶6, AMENDMENTS TO RFP after the last sentence of the paragraph the following language:

“Receipt of solicitation amendment #3, which will contain the response to submission requirements 12 (Capitation), 72 (Organization), and 73 (Organization), should be acknowledged by signing and returning the signature
page on April 18thwith the response to these requirements and a copy of Attachment J(2) of this document “Checklist for April 18thSubmission”.”

	
 

	
 

	
 

	
2.

	
 

	
ADD Section I. ¶11, RFP MILESTONE DATES an asterisk next to the words “Proposals Due By 3:00PM MST” in the table of milestone dates and a paragraph of notation below the table of
milestone dates stating the following:

“*The due date for Submission Requirements numbered 12 (Capitation), 72 (Organization) and 73 (Organization), will be April 18th at 3:00 PM MST. No late submissions will be
accepted. Any submission of responses to these requirements that is received as part of the March 28th submission will be treated as confidential and not scored. Offerors may reclaim these submissions from the Contract Solicitation Person listed in Section
A.

Offerors are encouraged to continue to check the Open RFPs section of the AHCCCS website for additional information.”

	
 

	
 

	
 

	
3.

		
ADDAttachment J(2) CHECKLIST FOR APRIL 18th SUBMISSION to the document from Attachment A of this Solicitation
Amendment (#3) within the ACUTE CARE RFP YH09-0001.

	
Offeror hereby acknowledges receipt and

 understanding of this Solicitation Amendment.

	
 

	
This Solicitation Amendment is hereby executed this 26th day

 of March, 2008, in Phoenix, Arizona.

	

 /s/ Nancy Novick                                    4/16/08

 NANCY NOVICK, CEO

 VHS Phoenix Health Plan, LLC

	
       

	
Michael Veit

 Contracts and Purchasing Administrator

	

 

	
SOLICITATION AMENDMENT

  Solicitation Number: RFP YH09-0001

   Amendment Number Four

   Solicitation Due Date: March 28, 2008, 3:00 PM (MST)

 

	
  Arizona Health Care Cost Containment

   System (AHCCCS)

   701 East Jefferson

   Phoenix, Arizona 85034

  Solicitation Contact Person:

   Michael Veit, Contracts and Purchasing

   Administrator

   E-mail: Michael.Veit@azahcccs.gov

A signed copy of this amendment must be returned with the proposal and received by AHCCCSA on or prior to the Solicitation due date and time.

Amendment #3 to the RFP extending the Capitation Bid and Related Finance Submissions resulted from changes made to the Reinsurance Offsets and further clarifications/changes to the proposed risk adjustment that will be applied
to the capitation rates.

New reinsurance offsets will be posted to the Bidder’s Library, Section N, Reinsurance Offsets, no later than April 2, 2008. The Bid Submission Tool will be updated by the AHCCCS Information Systems Division to
accommodate the revised reinsurance offsets shortly thereafter.

See also Section F – Bid Submission Information in the Bidder’s Library for further information regarding the Capitation Bid Submission.

Questions regarding the information in Amendment #4 ONLY will be accepted in the format previously communicated through this document and previous amendments and are due to AHCCCS by noon Monday, April 7th. Answers will be posted on the RFP Website by Thursday, April 10th. Any questions deemed by AHCCCS to be unrelated to Amendment #4 will be disregarded.

This solicitation is amended as follows:

	
1.

	
 

	
REPLACESection D. ¶53, COMPENSATION subparagraph 5 after list 2 with the following language:

“AHCCCS will be utilizing a national episodic/diagnostic risk adjustment model that will be applied to all Contractor specific capitation rates for all non-reconciled risk groups. Further methodology details will be
shared with the Contractor prior to implementation.

Given anticipated membership changes that may be occurring due to the enhanced auto-assignment discussed in Section I Paragraph 9, Award of Contract, AHCCCS anticipates applying these risk factors by April 1, 2009
retroactively to the October 1, 2008, awarded capitation rates. For CYE 09, AHCCCS will apply approximately 80% of the capitation rate risk adjustment factor. Effective October 1, 2009, the full impact of the model will be applied.”

	
 

	
 

	
 

	
2.

	
 

	
ADDSection I. ¶11, RFP MILESTONE DATES two rows below “Proposals Due By 3:00PM MST” in the table of milestone dates that states the
following:

Reponses to Submission Requirements 12, 72, and 73 by 3:00 P.M. MST*               April 18, 2008

Contracts
Awarded                                                                                  
No later than May 23, 2008

	
 

	
 

	
 

	
3.

		
ADDSection I. ¶14, CONTENTS OF OFFEROR’S PROPOSAL under section III. Capitation, Question 12, following the sentence reading “The Offeror should
assume that all AHCCCS-covered medical services are included in the capitation rates.” the following language:

“Bidders are to bid rates by GSA and risk category reflecting the expected average monthly cost of an enrollee who has average demographic and health status using the data provided by AHCCCS in the Bidder’s
Library. Bidders should not take into account their own unique membership demographic or diagnosis experience, but can factor in the anticipated impact of the Contractor’s unique medical management and/or unit cost experience.”

The sentence beginning “The Offeror must prepare and submit its capitation proposal...” now begins a separate paragraph in this section.

	
Offeror hereby acknowledges receipt and

 understanding of this Solicitation Amendment.

	
 

	
This Solicitation Amendment is hereby executed this 28th day

 of March, 2008, in Phoenix, Arizona.

	

 /s/ Nancy Novick                                    4/16/08

 NANCY NOVICK, CEO

 VHS Phoenix Health Plan, LLC

	
       

	
Michael Veit

 Contracts and Purchasing Administrator

	

 

	
SOLICITATION AMENDMENT

  Solicitation Number: RFP YH09-0001

   Amendment Number Five

   Solicitation Due Date: March 28, 2008, 3:00 PM (MST)

 

 Submission Due Date for Items Related to Amendments

  Three, Four and Five:

  April 18, 2008, 3:00 PM (MST)

	
  Arizona Health Care Cost Containment

   System (AHCCCS)

   701 East Jefferson

   Phoenix, Arizona 85034

  Solicitation Contact Person:

   Michael Veit, Contracts and Purchasing

   Administrator

   E-mail: Michael.Veit@azahcccs.gov

A signed copy of this amendment must be received by AHCCCSA, concurrent with the submission of submission requirements 12, 72, and 73, on or prior to April 18, 2008.

All submissions with regard to this amendment should follow the format and content requirements of Section I of this document.

This solicitation is amended as follows:

	
1.

	
 

	
REPLACESection I. INSTRUCTIONS TO OFFERORS with Attachment A of this Solicitation Amendment (#5) within the ACUTE CARE RFP YH09-0001.

	
 

	
 

	
 

	
2.

	
 

	
AMENDSection I. ¶6, AMENDMENTS TO RFP third sentence of the first subparagraph to read as follows: “Receipt of solicitation amendments #3, #4, and #5,
with regard to the response to submission requirements 12 (Capitation), 72 (Organization), and 73 (Organization), should be acknowledged by signing and returning the signature pages on April 18th with the response to these
requirements and a copy of Attachment J(2) of this document “Checklist for April 18thSubmission”.

	
 

	
 

	
 

	
3.

		
REPLACEAttachment J(2), CHECKLIST FOR APRIL 18th SUBMISSION with Attachment B of this Solicitation Amendment (#5)
within the ACUTE CARE RFP YH09-0001.

	
 

	
 

	
 

	
4.

	
 

	
INCORPORATEthe Questions and Responses, Attachment C to this Solicitation Amendment (#5), as part of the ACUTE CARE RFP YH09-0001.

	
Offeror hereby acknowledges receipt and

 understanding of this Solicitation Amendment.

	
 

	
This Solicitation Amendment is hereby executed this 10th day

 of April, 2008, in Phoenix, Arizona.

	

 /s/ Nancy Novick                                    4/16/08

 NANCY NOVICK, CEO

 VHS Phoenix Health Plan, LLC

	
       

	
Michael Veit

 Contracts and Purchasing AdministratorQuickLinks
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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. 

        [(c)  The
undersigned agrees that he will not attempt to terminate the Warrant Purchase Plan without the prior written consent of the
Representative.](4) 

	(4)
	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:(5) 

	(5)
	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. 

2

 

        (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 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 [or warrants purchased pursuant to the Warrant Purchase Plan](6) purchased
by the undersigned, directly or indirectly, until the date that is 90 days after the consummation of an Initial Business Combination. 

	(6)
	Applicable
only to Robin Lee. 

        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 

3

 

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].](7) 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 any time, subject to any other contractual rights the undersigned may have.](8) [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](9) [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](10). 

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

	(8)
	Applicable
only to officers and directors.

	(9)
	Applicable
only to officers, directors, and special advisors.

	(10)
	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]](11), and hereby consents to being named in the registration statement relating to
the IPO as a[n] [officer][director][stockholder] of the Company. 

	(11)
	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 

4

 

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.](12) 

	(12)
	Applicable
only to Robin Lee. 

        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 [and "Warrant Purchase Plan" shall mean that certain 10b5-1 Purchase Plan by and between Lazard Capital Markets LLC and the undersigned, pursuant to
which the undersigned has agreed to purchase up to $1,000,000 (net of broker commissions) of the Company's warrants in the public market in the event certain conditions are met](13). 

	(13)
	Applicable
only to Robin Lee. 

        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

6

QuickLinks

Exhibit 10.1

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