TRUST AGREEMENT THIS AGREEMENT is made effective as of the 31st day of December, 2007.Trust Agreement • January 14th, 2008 • China Energy CORP • Bituminous coal & lignite mining • Nevada
inter alia, CEC issued common shares of CEC to the Shareholders, in exchange for which the Shareholders agreed to retain and represent their registered ownership in trust for CEC;
SHARE TRUST AGREEMENTShare Trust Agreement • January 14th, 2008 • China Energy CORP • Bituminous coal & lignite mining • Nevada
the open market, with $0.20 from each share accruing to Control Group A, and the balance less brokerage commissions less other expenses relating directly to the sale, are to be remitted to Pacific Projects Inc (herein referred to as “PPI”), a company nominated by CEC, to be used exclusively for a specific purpose as stated in the Trust Agreement, dated Dec. 31, 2007, signed between PPI and all the registered Shareholders of Inner Mongolia Tehong Coal and Power Group Co., Ltd and Inner Mongolia Zhunger Heat Power Co., Ltd.
