CONSORTIUM TERMINATION AGREEMENT Abax Global Capital (Hong Kong) Limited Two International Finance Centre Suite 6708, 8 Finance Street, Central Hong KongConsortium Termination Agreement • March 2nd, 2011 • Fushi Copperweld, Inc. • Drawing & insulating of nonferrous wire • Hong Kong
You and we are parties to a consortium agreement dated November 3, 2010 (the “Agreement”), pursuant to which you agreed to cooperate exclusively with Abax Global Capital (Hong Kong) Limited (“Abax”) to pursue a possible acquisition (the “Transaction”) of Fushi Copperweld, Inc. (“Fushi”). Pursuant to the Agreement, you and Abax submitted a preliminary non-binding proposal for the Transaction to the board of directors of Fushi (the “Board”) on November 3, 2010 (the “Proposal”). You have informed us that you now wish to terminate the Agreement at the request of the Special Committee of the Board.
