0001144204-07-027207 Sample Contracts

OPERATING AND SERVICES AGREEMENT (English Translation)
Operating and Services Agreement • May 18th, 2007 • Beicang Iron & Steel Inc • Steel works, blast furnaces & rolling & finishing mills • Beijing

This Operating and Services Agreement (hereinafter the “Agreement”) is entered into by the following parties as of January 5, 2006:

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Loan Agreement (English Translation)
Loan Agreement • May 18th, 2007 • Beicang Iron & Steel Inc • Steel works, blast furnaces & rolling & finishing mills

This agreement (“Agreement”) is entered into in Taiyuan on January 5, 2006 by the above parties (“Parties”) pursuant to all applicable laws and regulations and upon the mutual consent of the Parties to adhere to the herein terms.

Option Agreement (English Translation)
Option Agreement • May 18th, 2007 • Beicang Iron & Steel Inc • Steel works, blast furnaces & rolling & finishing mills

Junsheng Wang, a citizen of the People’s Republic of China (“PRC”), Identification Card No.: 142226600516171(hereinafter “Party A” or “Shareholder”).

Option Agreement (English Translation)
Option Agreement • May 18th, 2007 • Beicang Iron & Steel Inc • Steel works, blast furnaces & rolling & finishing mills

Shanxi Bestlink Management Consulting Co., Ltd., a legal person under the laws of the PRC, with its legal address 8/F, Beicang Building, Jianshe North Road No76, Taiyuan, Shanxi Province, PRC, its facsimile number as 0351-4656787, and its legal representative as Beicang Hou (hereinafter “Party B” or “Option Holder”).

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