NOVATIONAGREEMENT

 (1)

China Global Mining Resources Limited, a corporation duly established in British Virgin Island, with BVI Company Number 1386052 ("Assignor" );

(2)

China Global Mining Resources (BVI) Limited, a corporation duly established in British Virgin Island, with BVI Company Number 1513743  ("Assignee");

(3)

Mr. Lu Benzhao of No. 204, Block 17, Liyuan Village, Huashan District, Maanshan Municipality, Anhui Province (ID No.                                      ) ("Consultant");

(1)

China Global Mining Resources Limited (中国环球矿业资源有限公司)，一家依法成立于英属维尔京群岛的公司，BVI公司号码：1386052（“转让方”）；

(2)

China Global Mining Resources (BVI) Limited(中国环球矿业资源(BVI)有限公司)，一家依法成立于英属维尔京群岛的公司，BVI公司号码：1513743，（“受让方”）；

(3)

鲁本昭先生，现居住于安徽省马鞍山市花山区梨苑村17栋204号，身份证号码为  （“顾问”）；

(A)

The Assignor and Consultant have entered into a Consulting Agreement dated 11 August, 2008, and entered into an amendment agreement to this Consulting Agreement on Jan 13th, 2009 (collectively the "Consulting Agreement").

 

转让方和顾问于2008年8月11日签订了咨询服务协议，并于2009年1月13日签订了该咨询服务协议的修订协议（合称“咨询服务协议”）。

(B)

The Assignor now desires to transfer to the Assignee and the Assignee desires to assume from the Assignor all its rights and obligations under the Consulting Agreement.

 

转让方愿意将其在咨询服务协议下所有的权利和义务转让给受让方, 而受让方愿意从转让方受让全部该等权利和义务。

1.1

The Assignor shall transfer to the Assignee and the Assignee shall assume from the Assignor all of the Assignor's rights and obligations under the Consulting Agreement as amended from time to time ("Novation").

 

转让方愿意将其在咨询服务协议下以及不时修订后的所有的权利和义务转让给受让方, 而受让方愿意从转让方受让全部该等权利和义务（“转让”）。

1.2

With immediate effect, the Assignee shall replace the Assignor as purchaser under the Consulting Agreement and shall enjoy all the Assignor's rights, interests and benefits and assume all the Assignor's obligations in accordance with the Consulting Agreement. For the avoidance of doubt and without limiting the forgoing, the Consultant acknowledges that the Assignee shall be entitled to all rights to make a  claim under any warranty or indemnity given by the Consultant (whether at the date of the Equity Transfer Agreements in respect of the acquisitions of Maanshan Xiaonanshan Mining Co., Ltd. and Nanjing Sudan Mining Co., Ltd. dated 11 August 2008 or at the closing of those Equity Transfers Agreements} and under the guarantee given by the Consultant in Clause 3.4 of the Consulting Agreement.

 

 

 

5.1

The Parties shall comply with any and all applicable laws, rules and regulations of the governmental authorities of both the Peoples Republic of China and Hong Kong concerned for performing the said services in this Agreement.

5.2

The Parties shall not issue any press releases or make any other similar publications with respect to this Agreement without first consulting with, and obtaining the prior written approval of the other Party.

5.3

Consultant agrees to indemnify the Assignee for any violation by Consultant of the requirements under section 18.1 in performing services pursuant to this Agreement.

 

 

This Agreement shall become effective and binding on the Parties upon execution by the Parties.

 

本协议经各方授权代表签署后生效并对各方具有约束力。