Warrant Purchase Agreement between Broadband Capital Management LLC and Dr. Simon Mu, Dr. Bing Zhao, and Mr. Daniel Kunz regarding China Mineral Acquisition Corporation

Summary

This agreement is between Broadband Capital Management LLC and Dr. Simon Mu, Dr. Bing Zhao, and Mr. Daniel Kunz. It requires Broadband to purchase up to a specified number of warrants for each individual, at market prices not exceeding $0.65 per warrant, within twenty trading days after the warrants become separately tradeable following China Mineral Acquisition Corporation's IPO. The individuals may designate affiliates to make the purchases, but remain responsible for payment if the designees do not pay. No fees or commissions will be charged for these purchases.

EX-10.11 23 file020.htm WARRANT PURCHASE AGREEMENT

___________ _, 2004 Broadband Capital Management LLC 805 Third Avenue 15th Floor New York, New York 10022 Re: China Mineral Acquisition Corporation Gentlemen: This letter will confirm the agreement of the undersigned to each purchase warrants ("Warrants") of China Mineral Acquisition Corporation ("Company") included in the units ("Units") being sold in the Company's initial public offering ("IPO") upon the terms and conditions set forth herein. Each Unit is comprised of one share of Common Stock and two Warrants. The shares of Common Stock and Warrants will not be separately tradeable until 90 days after the effective date of the Company's IPO unless Broadband Capital Management LLC ("Broadband") informs the Company of its decision to allow earlier separate trading. Dr. Simon Mu agrees that this letter agreement constitutes an irrevocable order for Broadband to purchase for his account within the twenty trading-day period commencing on the date separate trading of the Warrants commences ("Separation Date") up to 334,000 Warrants at market prices not to exceed $0.65 per Warrant ("Mu Maximum Warrant Purchase"). Each of Dr. Bing Zhao and Mr. Daniel Kunz agrees that this letter agreement constitutes an irrevocable order for Broadband to purchase for each of Dr. Bing Zhao's and Mr. Daniel Kunz's account within the twenty trading-day period commencing on the Separation Date up to 333,000 Warrants at market prices not to exceed $0.65 per warrant ("Zhao and Kunz Maximum Warrant Purchase" and together with the Mu Maximum Warrant Purchase, the "Maximum Warrant Purchase"). Broadband (or such other broker dealer(s) as Broadband may assign the order to) agrees to fill such order in such amounts and at such times as it may determine, in its sole discretion, during the twenty trading-day period commencing on the Separation Date. Broadband further agrees that it will not charge the undersigned any fees and/or commissions with respect to such purchase obligation. Each of the undersigned may notify Broadband that all or part of his respective Maximum Warrant Purchase will be made by an affiliate of the undersigned (or another person or entity introduced to Broadband by the undersigned (a "Designee")) who (or which) has an account at Broadband and, in such event, Broadband will make such purchase on behalf of said affiliate or Designee; provided, however, that each of the undersigned hereby agrees to make payment of the purchase price of such purchase in the event that the affiliate or Designee fails to make such payment. Very truly yours, ----------------------- Dr. Simon Mu ----------------------- Dr. Bing Zhao ----------------------- Mr. Daniel Kunz