Exhibit 10.2

 
WARRANT AMENDMENT
 
This WARRANT AMENDMENT (this “Amendment”) is dated as of December 22, 2009 by
and among Lihua International, Inc., a Delaware corporation (the “Company”), and
the holders signatory hereto (each a “Holder”, collectively, the “Holders”).
 
RECITALS
 
WHEREAS, the Company has issued a Series B Warrant to Purchase Shares of Common
Stock of the Company (the “Series B Warrant”) to each of the Holders; and
 
WHEREAS, pursuant to Sections 4(d) and (e) of the Series B Warrant, in the event
the Company issues any additional shares of Common Stock or Common Stock
Equivalents (as defined in the Series B Warrant) at a price per share less than
the exercise price of the Series B Warrant, such exercise price shall be reduced
to such lesser price concurrently with the issue or sale; and
 
WHEREAS, the Company has requested that the Holders amend the Series B Warrant
to delete Section 4(d), (e) and (f) thereof; and
 
WHEREAS, pursuant to Section 11 of the Series B Warrant, no provision of the
Series B Warrant may be amended without the written consent of all of the
Holders; and
 
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:
 
6.           Amendment. Pursuant to Section 11 of the Series B Warrant, the
Holders hereby amend the Series B Warrant, as of the date hereof, by deleting
Sections 4(d), (e) and (f) in their entirety.
 
7.           Effect on Transaction Documents.  Except as set forth above, the
Series B Warrant shall remain in full force and effect and is hereby ratified
and confirmed.
 
8.           Governing Law; Jurisdiction. This Amendment shall be governed by
and construed in accordance with the laws of the State of New York applicable to
contracts made and to be performed in the State of New York.
 
9.           Counterparts. This Amendment may be executed in two or more
counterparts, all of which shall be considered one and the same agreement and
shall become effective when counterparts have been signed by each party and
delivered to the other party.
 
10.         Severability. If any provision of this Amendment shall be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability shall not
affect the validity or enforceability of the remainder of this Amendment or the
validity or enforceability of this Amendment in any other jurisdiction.
 
[SIGNATURE PAGES OF COMPANY TO FOLLOW]
 
 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 

         
LIHUA INTERNATIONAL, INC.
               
By:
/s/ Zhu Jian Hua
   
Name:
Zhu Jian Hua
   
Title:
Chief Executive Officer
 

 

 

 
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
 
 
[SIGNATURE PAGES OF HOLDERS TO FOLLOW]
 
 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 

         
Philip Wagenheim
                   
By:
/s/ Philip Wagenheim
   
 
Philip Wagenheim
         

 
 
 
 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 

         
Michael Rapp
                   
By:
/s/ Michael Rapp
     
Michael Rapp
 

 
 
 
 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 
 
       
Clifford Chapman
                   
By:
/s/ Clifford Chapman
     
Clifford Chapman
 

 
 
 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 

         
Charles W. Allen
                   
By:
/s/ Charles W. Allen
     
Charles W. Allen
 

 
 
 
 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 

 
Ari Raskas
                   
By:
/s/ Arizz Raskas
     
Ari Raskas
 

 
 
 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 
 

 
Jeff Appel
                   
By:
/s/ Jeff Appel
     
Jeff Appel
 

 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 
 

 
Corby T. Hocker
                   
By:
/s/ Corby T. Hocker
     
Corby T. Hocker
 

 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 
 

 
David Prince
                   
By:
/s/ David Prince
     
David Prince
 

 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 
 

 
Xue Fu Zhen
                   
By:
/s/ Xue Fu Zhen
     
Xue Fu Zhen
 

 
 

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first written above.
 

         
PENUMBRA WORLDWIDE, LTD.
                   
By:
/s/ Samuel May
           
Name: Samuel May
           
Title: Director
 

 
 

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