LIMITED GUARANTEELimited Guarantee • April 3rd, 2014 • Sino Gas International Holdings, Inc. • Natural gas transmission • New York
LIMITED GUARANTEE, dated as of April 3, 2014 (this “Limited Guarantee”), by Mr. Yuchuan Liu (the “Chairman”), Morgan Stanley Private Equity Asia IV Holdings Limited (“MSPEA”) and Zhongyu Gas Holdings Limited (the “Investor”, and, together with the Chairman and MSPEA, the “Guarantors” and each, a “Guarantor”) in favor of Sino Gas International Holdings, Inc., a Utah corporation (the “Guaranteed Party”). Capitalized terms used but not defined in this Limited Guarantee shall have the meanings assigned to such terms in the Merger Agreement (as defined below).
