EX-99.2
3
v088414_ex99-2.htm
Equity
Transfer
Agreement
Party
A:
Shaanxi Longmen Iron and Steel Group Co., Ltd. (Long Steel Group)
Party
B:
Shaanxi Longmen Iron and Steel Co., Ltd.
With
regard to the issue of transferring equity ownership of Party A in Longmen
Iron
and Steel Group Co., Ltd. Hualong Fire Retardant Materials Co., Ltd. ("Hualong
Co."), the following agreement has been reached between two parties:
(1)
Based
upon the negotiation between two parties, and the approval from the
Shareholders' Meeting of Hualong Co., Party A agreed to transfer its equity
ownership of 2,700,000 RMB in Hualong Co. to Party B. Party B therefore becomes
the shareholder of Hualong Co.
(2)
Party
B agrees to, beginning July 1, 2007, bear all relevant rights and liabilities
in
related to this equity transfer, and shall bear relevant liabilities and
obligations as a shareholder pursuant to the Articles of Incorporation of
Hualong Co.
(3)
This
agreement is in three copies. Party A and Party B will each keep one copy,
and
one copy will be filed with the government.
(4)
This
agreement will become effective as of the date below.
Party
A:
Shaanxi Longmen Iron and Steel Group Co., Ltd. /s/
Party
B:
Shaanxi Longmen Iron and Steel Co., Ltd. /s/
September
24,
2007

EX - 99 . 2 3 v088414 _ ex99 - 2 . htm Equity Transfer Agreement Party A : Shaanxi Longmen Iron and Steel Group Co . , Ltd . ( Long Steel Group ) Party B : Shaanxi Longmen Iron and Steel Co . , Ltd . With regard to the issue of transferring equity ownership of Party A in Longmen Iron and Steel Group Co . , Ltd . Hualong Fire Retardant Materials Co . , Ltd . ( " Hualong Co . " ) , the following agreement has been reached between two parties : ( 1 ) Based upon the negotiation between two parties , and the approval from the Shareholders ' Meeting of Hualong Co . , Party A agreed to transfer its equity ownership of 2,700,000 RMB in Hualong Co . to Party B . Party B therefore becomes the shareholder of Hualong Co . ( 2 ) Party B agrees to , beginning July 1 , 2007 , bear all relevant rights and liabilities in related to this equity transfer , and shall bear relevant liabilities and obligations as a shareholder pursuant to the Articles of Incorporation of Hualong Co . ( 3 ) This agreement is in three copies . Party A and Party B will each keep one copy , and one copy will be filed with the government . ( 4 ) This agreement will become effective as of the date below . Party A : Shaanxi Longmen Iron and Steel Group Co . , Ltd . / s / Party B : Shaanxi Longmen Iron and Steel Co . , Ltd . / s / September 24 , 2007