Document:

Longhai Steel, Inc.: Exhibit 10.12 - Filed by newsfilecorp.com

Exhibit 10.12 

Lease Agreement 

Party A: Xingtai Longhai Steel Group Co. Ltd. 
Party B:
Longhai Steel Inc. 

Party B will lease some portion of Party A’s property, plant
and equipment; therefore both parties, on a friendly, free and fair basis, agree
to the terms below: 

	1. 	
      Area of lease agreement: the land, property located 125
      meters start from the south wall of Longhai Group and 724 meters beginning
      from the east wall, with a total area of 90500 m2 and all wire
      making equipment contained therein.

	 	 
	2. 	
      Lease term: the agreement will be effective for a period
      of 5 years, renewable at Party B’s discretion.

	 	 
	3. 	
      Party B will have right to cease the agreement at any
      time with at least 30 days advance notice to Party A.

	 	 
	4. 	
      Lease fees and payment: the annual lease fee is
      RMB14,000,000, payable in two installments every six months. The payment
      will be RMB7,000,000 per payment. The fees shall be paid before the
      15th of each payment month, and the first payment should be
      made with 15 days of the effective date of this Lease Agreement.

	 	 
	5. 	
      The rights and obligations of the
  parties:

	 	a) 	
      Party B will have all rights to utilize the lease object,
      Party A cannot intervene in Party B’s operations, Party B will guarantee
      Party A’s the security and integrity of the assets.

	 	 	 
	 	b) 	
      If, due to Party B’s operational needs, Part A must
      modify or expand the facilities, Party B shall give at least 30 days
      advance notice to Party A. Party A shall be responsible for equipment
      modification fee. Party B shall be responsible for regular equipment
      maintenance fee.

	 	 	 
	 	c) 	
      Party B shall be responsible for tax associated with the
      land’s usage.

	 	 	 
	 	d) 	
      Party B should make all payments on time. If due to a
      shortage of cash flow, Party B needs to extend the payment, Party B shall
      notify Party A 10 days in advance. The extension shall not exceed 2
      months.

	 	 	 
	 	e) 	
      Party B’s water expenses Party A. Party B will pay other
      utilities directly based on its usage directly to the supplier.

	 	 	 
	 	f) 	
      Party A should provide free security and after support
      service to Party B to ensure Party B’s asset’s security and quality
      operation.

	 	 	 
	 	g) 	
      Party A should guarantee the gas supply for Party B. And
      Party B shall pay the expenses associated with the supply of
gas.

	 	 	 
	 	h) 	
      Party A shall issue an invoice to Party B one month from
      the day of the payment is to be received.

	6. 	
      Any other matters not expressly stated herein, both
      parties will, on and fair and free basis, execute supplemental
      agreements.

	 	 
	7. 	
      This agreement will be made in two copies, and each party
      shall hold one copy.

	 	 
	8. 	
      This agreement will become effective as soon as the
      facilities are operational and the company is listed on the NASDAQ stock
      exchange, which is anticipated to be no later than January 31,
  2011.

Party A (Seller): Xingtai Longhai Steel Group Co. Ltd. 

Party B (Purchaser): Longhai Steel Inc.Longhai Steel Inc.: Exhibit 10.13 - Filed by newsfilecorp.com

Exhibit 10.13  

Lock-Up Agreement 

[               
], 2010 

	By Facsimile
      (                       
      ) 	 	By
      Facsimile
      (                         
       ) 
	Longhai Steel Inc. 	 	Ladenburg Thalmann & Co. Inc. 
	No. 1 Jingguang Road 	 	4400 Biscayne Blvd 
	Neiqiu County, Xingtai City 	 	12th Floor 
	Hebei Province, China 054000 	 	Miami, FL 33137 
	Attn: Dr. Eberhard Kornotzki 	 	Attn: Nicholas Stergis 
	CFO 	 	Managing Director, Investment Banking
  

Re: Lock-Up Agreement 

Dear Mr. Kornotzki and Mr. Stergis: 

     The undersigned understands that
Ladenburg Thalmann & Co. Inc. (the “Underwriter”), proposes to enter into an
Underwriting Agreement with Longhai Steel Inc. (the “Company”), providing for
the public offering (the “Offering”), by the Underwriter of shares of common
stock, $0.0001 par value per share (the “Common Stock”). The undersigned is a
holder of Common Stock of the Company as of the date hereof and is an officer,
director or holder of 5% or more of the issued and outstanding shares of Common
Stock of the Company. 

     In consideration of the
Underwriter’s agreement to undertake the Offering of the Common Stock on a “firm
commitment” basis, and for other good and valuable consideration, the receipt of
which is hereby acknowledged, the undersigned agrees that the undersigned will
not register, offer, sell, contract to sell or grant any Common Stock or any
securities convertible into or exercisable or exchangeable for Common Stock or
any warrants to purchase Common Stock (including, without limitation, securities
of the Company which may be deemed to be beneficially owned by the undersigned
in accordance with the rules and regulations of the Securities and Exchange
Commission and securities which may be issued upon the exercise of a stock
option or warrant) for a period of one (1) year after the date of effectiveness
or commencement of sales of the public offering.

[Lock-Up Agreement Execution Page Follows] 

[Lock-Up Agreement Execution Page] 

     The undersigned understands that
the Company and the Underwriter will proceed with the Offering in reliance upon
this Lock-up Agreement. By executing below, the Company acknowledges and agrees
that it will take all steps necessary to ensure that the undersigned is not able
to effect a transfer in contravention of this Lock-Up Agreement, including,
without limitation, causing the Company’s transfer agent to note in its records
the foregoing limitations and instructing the transfer agent not to effect any
transfer in violation of this Lock-Up Agreement. 

	Very truly yours, 
	 
	  
	Name (Print): 	 
	 	 
	Name (Signature): 	 

Longhai Steel Inc. acknowledges and agrees to be bound by the
final paragraph of this letter agreement. 

Longhai Steel Inc. 

By:                                                                                     

Name: Dr. Eberhard Kornotzki 
Its: Chief Financial Officer 

Ladenburg Thalmann & Co. Inc. 

By:                                                                                     

Name: Nicholas Stergis 
Its: Managing Director, Investment BankingLonghai Steel Inc.: Exhibit 10.14 - Filed by newsfilecorp.com

Exhibit 10.14 

Lock–Up Agreement –
Pre–Offering
Non–Management Shareholders 

	Longhai Steel Inc. 	Ladenburg Thalmann & Co. Inc. 
	No. 1 Jingguang Road 	4400 Biscayne Blvd 
	Neiqiu County, Xingtai City 	12th Floor 
	Hebei Province, China 054000 	Miami, FL 33137 
	Attn: Dr. Eberhard Kornotzki 	Attn: Nicholas Stergis 
	Chief Financial Officer 	Managing Director, Investment Banking
  

Re: Lock–Up Agreement 

Dear Mr. Kornotzki and Mr. Stergis: 

     The undersigned understands that
Ladenburg Thalmann & Co. Inc. (the “Underwriter”), proposes to enter into an
Underwriting Agreement with Longhai Steel Inc. (the “Company”), providing for
the public offering (the “Offering”), by the Underwriter of units, each unit
consisting of two shares of common stock, $0.0001 par value per share (the
“Common Stock”), and one warrant to purchase one share of Common Stock (the
“Units”). The undersigned is a holder of shares of the Company’s Common Stock as
of the date hereof and is not an officer, director or holder of 5% or more of
the issued and outstanding shares of Common Stock. 

     In consideration of the
Underwriter’s agreement to undertake the Offering of the Units on a “firm
commitment” basis, and for other good and valuable consideration, the receipt of
which is hereby acknowledged, the undersigned agrees that the undersigned will
not register, offer, sell, contract to sell or grant (each such event a
“transfer”) any Common Stock or any securities convertible into or exercisable
or exchangeable for Common Stock or any warrants to purchase Common Stock
(including, without limitation, securities of the Company which may be deemed to
be beneficially owned by the undersigned in accordance with the rules and
regulations of the Securities and Exchange Commission and securities which may
be issued upon the exercise of a stock option or warrant) (collectively,
“Securities”) other than as stated below: 

     1. General Volume
Limitations. Except as permitted below, the undersigned will be permitted to
transfer Securities only on the following schedule: 

	Period 	Aggregate Number of Securities
      Transferrable 
	Within 90 days post–transaction 	No Securities held by
      undersigned 
	After 90 days post–transaction 	10% of Securities held by undersigned 
	After 180 days post–transaction 	10% of Securities held by
      undersigned 
	After 270 days post–transaction 	10% of Securities held by undersigned 
	After 360 days post–transaction 	All Securities held by undersigned 

If the closing price of the Company’s Common Stock exceeds the
Offering price of the Units for any twenty (20) trading days in a period of
thirty (30) consecutive trading days and the number of shares of
Common Stock traded multiplied by the volume weighted average price per share on
such twenty (20) days exceeds $500,000 USD per day, then the foregoing volume
limitations shall be released immediately and the undersigned will be permitted
to transfer its Securities without regard to volume, in accordance with any
applicable laws, regulations and other obligations. For purposes of this
paragraph, the volume and pricing information provided by Bloomberg shall be
deemed to be conclusive. 

     2. Exceptions to Volume
Limitations. Notwithstanding the volume limitations set forth in Section 1,
the undersigned will be permitted to transfer shares to any institutional
investor in a block trade, without limitation as to size conditional upon the
written permission of the Underwriter. 

     The undersigned understands that
the Company and the Underwriter will proceed with the Offering in reliance upon
this Lock–up Agreement. By executing below, the Company acknowledges and agrees
that it will take all steps necessary to ensure that the undersigned is not able
to effect a transfer in contravention of this Lock– up Agreement, including,
without limitation, causing the Company’s transfer agent to note in its records
the foregoing limitations and instructing the transfer agent not to effect any
transfer in violation of this Lock–up Agreement. 

Very truly yours, 

_________________________
Name
(Print): 
Name (Signature): 

Longhai Steel Inc. acknowledges and agrees to be bound by the
final paragraph of this letter agreement. 

Longhai Steel Inc. 

	By: 	 
	 
	Name: 	 
	 
	Its: 	 
	  
	  
	Ladenburg Thalmann & Co. Inc. 
	  
	By: 	 
	 
	Name: 	 
	 
	Its:

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