Termination Agreement
EXHIBIT 10.14
Party A: Penglai XinGuan Investment Ltd.
Party B: Jinhai Mine Underground Engineering Limited
After friendly negotiation, Party A and Party B have concluded that it would be in their mutual best interests to terminate the Construction Project Agreement concerning the mining project at Dazhaojia mining area, effective from November 1, 2010. Accordingly, both parties shall be relieved from any and all rights and obligations arising out of or relating to the Construction Project Agreement.
This Agreement is in duplicate, of which one copy for each party.
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PARTY A:
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Penglai XinGuan Investment Limited
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Name of Authorized agent: Wenge Liu (signed and sealed)
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/s/ Wenge Liu
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PARTY B:
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Jinhai Mine Underground Engineering Limited
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Name of authorized agent: Xxxx Xxxx (signed and sealed)
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/s/ Xxxx Xxxx
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Date
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September 30, 2010
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