Document:

Podium
      Technology Limited

     

    NOTE
      AND WARRANT PURCHASE AGREEMENT

     

    May
      30, 2008

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

     

    
      	 	 	 	
              Page

            
	
              1.

            	
              Definitions

            	
              1

            
	
              2.

            	
              Terms
                of the Secured Notes

            	
              3

            
	 	
              2.1

            	
              Issuance
                of Secured Notes

            	
              3

            
	 	
              2.2

            	
              Corporate
                Transaction or Reverse Merger Withdrawal

            	
              3

            
	 	 	 
	
              3.

            	
              Warrants

            	
              3

            
	 	 	 
	
              4.

            	
              Closing
                Mechanics

            	
              3

            
	 	 	 
	
              5.

            	
              Representations
                and Warranties of the Company

            	
              3

            
	 	
              5.1

            	
              Organization,
                Good Standing and Qualification

            	
              4

            
	 	
              5.2

            	
              Authorization

            	
              4

            
	 	
              5.3

            	
              Compliance
                with Other Instruments

            	
              4

            
	 	
              5.4

            	
              Valid
                Issuance of Stock

            	
              4

            
	 	 	 
	
              6.

            	Representations
              and Warranties of the Lenders	
              4

            
	 	
              6.1

            	
              Authorization

            	
              4

            
	 	
              6.2

            	
              Purchase
                Entirely for Own Account

            	
              4

            
	 	
              6.3

            	
              Disclosure
                of Information

            	
              5

            
	 	
              6.4

            	
              Investment
                Experience

            	
              5

            
	 	
              6.5

            	
              Accredited
                Investor

            	
              5

            
	 	
              6.6

            	
              Restricted
                Securities

            	
              5

            
	 	
              6.7

            	
              Further
                Limitations on Disposition

            	
              5

            
	 	
              6.8

            	
              Legends

            	
              5

            
	 	 	 
	
              7.

            	
              State
                Commissioners of Corporations

            	
              6

            
	 	 	 
	
              8.

            	
              Defaults
                and Remedies

            	
              6

            
	 	
              8.1

            	
              Events
                of Default

            	
              6

            
	 	
              8.2

            	
              Remedies

            	
              7

            
	 	 	 	 
	
              9.

            	Miscellaneous	
              7

            
	 	
              9.1

            	
              Successors
                and Assigns

            	
              7

            
	 	
              9.2

            	
              Governing
                Law

            	
              7

            
	 	
              9.3

            	
              Counterparts

            	
              7

            
	 	
              9.4

            	
              Titles
                and Subtitles

            	
              7

            
	 	
              9.5

            	
              Notices

            	
              8

            
	 	
              9.6

            	
              Finder’s
                Fee

            	
              8

            
	 	
              9.7

            	
              Expenses

            	
              8

            
	 	
              9.8

            	
              Entire
                Agreement; Amendments and Waivers

            	
              8

            
	 	
              9.9

            	
              Effect
                of Amendment or Waiver

            	
              9

            
	 	
              9.10

            	
              Severability

            	
              9

            
	 	
              9.11

            	
              Stock
                Purchase Agreement

            	
              9

            

    

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

    

    
      	 	
              9.12

            	
              Exculpation
                Among Lenders

            	
              9

            
	 	
              9.13

            	
              Acknowledgement

            	
              9

            
	 	
              9.14

            	
              Indemnity;
                Costs, Expenses and Attorneys’ Fees

            	
              9

            
	 	
              9.15

            	
              Further
                Assurance

            	
              10

            

    

     

    
      	EXHIBIT
              A SECURED PROMISSORY NOTE 	 
	EXHIBIT
              B WARRANT TO PURCHASE SHARES OF EQUITY SECURITIES 	 

    

     

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

    NOTE
      AND WARRANT PURCHASE AGREEMENT

     

    THIS
      NOTE AND WARRANT PURCHASE AGREEMENT
      (“Agreement”) is made as of May 30, 2008, by and among Podium Technology
      Limited, a British Virgin Islands corporation (the “Company”), and the lenders
      (each individually a “Lender,” and collectively the “Lenders”) named on the
      Schedule of Lenders attached hereto (the “Schedule of Lenders”). Capitalized
      terms not otherwise defined in this Agreement shall have the meanings ascribed
      to them in Section 1 below.

     

    WHEREAS,
      each of
      the Lenders intends to provide certain Consideration to the Company as described
      for each Lender on the Schedule of Lenders; 

     

    WHEREAS,
      the
      parties wish to provide for the sale and issuance of such Notes and Warrants
      in
      return for the provision by the Lenders of the Consideration to the Company;
      and

     

    WHEREAS,
      the
      parties intend for the Company to issue in return for the Consideration one
      or
      more Notes and Warrants to purchase shares of the Company’s Equity
      Securities.

     

    NOW,
      THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS:

     

    1. Definitions.

     

    (a) “Consideration”
shall
      mean the amount of money paid by each Lender pursuant to this Agreement as
      shown
      on the Schedule of Lenders.

     

    (b) “Conversion
      Shares”
shall,
      for purposes of determining the type of Equity Securities issuable upon exercise
      of the Warrants, mean shares of Common Stock.

     

    (c) “Corporate
      Transaction”
shall
      mean (A) the closing of the sale, transfer or other disposition of all or
      substantially all of this Company’s assets, (B) the consummation of the
      merger or consolidation of this Company with or into another entity (except
      a
      merger or consolidation in which the holders of capital stock of this Company
      immediately prior to such merger or consolidation continue to hold at least
      50%
      of the voting power of the capital stock of this Company or the surviving or
      acquiring entity), (C) the closing of the transfer (whether by merger,
      consolidation or otherwise), in one transaction or a series of related
      transactions, to a person or group of affiliated persons (other than an
      underwriter of this Company’s securities), of this Company’s securities if,
      after such closing, such person or group of affiliated persons would hold 50%
      or
      more of the outstanding voting stock of this Company (or the surviving or
      acquiring entity) or (D) a liquidation, dissolution or winding up of this
      Company; provided, however, that a transaction shall not constitute a
      Liquidation Event if its sole purpose is to change the state of this Company’s
      incorporation or to create a holding company that will be owned in substantially
      the same proportions by the persons who held this Company’s securities
      immediately prior to such transaction; provided, however a Corporate Transaction
      shall not include the issuance of Equity Securities in the Next Equity
      Financing.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (d) “Equity
      Purchase Price”
shall
      mean the price paid per share for Equity Securities by the investors in the
      Next
      Equity Financing.

     

    (e) “Equity
      Securities”
shall
      mean the Company’s Common Stock or Preferred Stock or any securities conferring
      the right to purchase the Company’s Common Stock or Preferred Stock or
      securities convertible into, or exchangeable for (with or without additional
      consideration), the Company’s Common Stock or Preferred Stock, except any
      security granted, issued and/or sold by the Company to any director, officer,
      employee or consultant of the Company in such capacity for the primary purpose
      of soliciting or retaining their services.

     

    (f) “Majority
      Note Holders”
shall
      mean the holders of a majority in interest of the aggregate principal amount
      of
      Notes.

     

    (g) “Maturity
      Date”
shall
      mean December 31, 2008.

     

    (h) “Next
      Equity Financing”
shall
      mean the next sale (or series of related sales) by the Company of its Equity
      Securities following the date of this Agreement from which the Company receives
      gross proceeds of not less than US$3,000,000 and
      further
      to which the Company completes a Reverse Merger;

     

    (i) “Notes”
shall
      mean the one or more promissory notes issued to each Lender pursuant to Section
      2.1 below, the form of which is attached hereto as Exhibit
      A.

     

    (j) “Period”
shall
      mean 30 consecutive days, without regard to actual calendar months.

     

    (k) “Purchase
      Price of the Warrants” shall
      mean the price paid by the Lenders to receive each Warrant, which amount shall
      be .01% percent
      of the principal amount of each Note. 

     

    (l) “Reverse
      Merger”
shall
      mean either a (i) merger of the Company into a Shell, (ii) merger of the Company
      with a subsidiary of a Shell whereby the Company is the surviving entity and
      the
      shell Exchanges newly issued shares for the outstanding shares of the Company
      or
      (iii) share exchange where shareholders of the Company exchange their shares
      for
      shares of the Shell.

     

    (m) “Reverse
      Merger Withdrawal”
shall
      mean notice by the Company to the Lender or the Lender having a reasonable
      basis
      to believe that the Company does not intend to effect the Reverse Merger which
      shall include, but not be limited to, the Company entering into or agreeing
      to
      enter into an alternative financing transaction or Corporate Transaction other
      than the Reverse Merger.

     

    (n) “Shell”
shall
      mean a company reporting under Section 13 or 15 of the Securities Exchange
      Act
      of 1934, as amended, or that has a class of securities registered under Section
      12 of the Securities Act of 1933, as amended, and that has no or nominal
      operations or has identified itself as a shell in its periodic reports as filed
      with the Securities and Exchange Commission.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (o) “Warrants”
shall
      mean one or more warrants issued pursuant to Section 3 below.

     

    (p) “Warrant
      Coverage Amount”
shall
      mean, with respect to any particular Warrant issued to a Lender, fifty percent
      (50%) of the principal amount of the Note issued to such Lender in conjunction
      with such Warrant.

     

    2. Terms
      of the Secured Notes.

     

    2.1 Issuance
      of Secured Notes.
      In
      return for the Consideration paid by each Lender, the Company shall sell and
      issue to such Lender one or more secured Notes. Each Note shall have a principal
      balance equal to that portion of the Consideration, less the Purchase Price
      of
      the Warrant, paid by such Lender for the Note, as set forth in the Schedule
      of
      Lenders. Each Note shall be secured by the assets of the Company as described
      in
      such Notes and any related security agreement.

     

    Corporate
      Transaction or Reverse Merger Withdrawal.
      In the
      event of a Corporate Transaction or Reverse Merger withdrawal prior to full
      payment of a Note or all outstanding principal and unpaid accrued interest
      due
      on such Note shall be due and payable in full prior to the closing of the
      Corporate Transaction or Reverse Merger Withdrawal.

     

    3. Warrants.
      Upon
      the Closing (as defined in Section 4.1 below), and in return for the
      Company’s receipt of the Purchase Price of Warrant and the principal of the
      Notes, each Lender shall receive a warrant to purchase Conversion Shares in
      the
      form attached hereto as Exhibit B
      (the
“Warrant”). Each Warrant shall be exercisable for that number of Conversion
      Shares determined
      by dividing the Warrant Coverage Amount by the Conversion Price. The exercise
      price for the Conversion Shares purchasable upon exercise of the Warrants shall
      be the Conversion Price applicable to such shares.

     

    4. Closing
      Mechanics.

     

    The
      closing (the “Closing”) of the purchase of the Notes and issuance of the
      Warrants in return for the Consideration paid by each Lender shall take place
      at
      the offices of the Kirkpatrick & Lockhart Preston Gates Ellis LLP, at 10100
      Santa Monica Blvd., Seventh Floor, Los Angeles, CA 90037 p.m., on May 30, 2008,
      or at such other time and place as the Company and Lenders purchasing a majority
      in interest of the aggregate principal amount of the Notes to be sold at the
      Closing agree upon orally or in writing. At the Closing, each Lender shall
      deliver the Consideration to the Company and the Company shall deliver to each
      Lender one or more executed Notes and Warrants in return for the respective
      Consideration provided to the Company.

     

    5. Representations
      and Warranties of the Company.
      In
      connection with the transactions provided for herein, the Company hereby
      represents and warrants to the Lenders that:

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    5.1 Organization,
      Good Standing and Qualification.
      The
      Company is a corporation duly organized, validly existing, and in good standing
      under the laws of the British Virgin Islands and has all requisite corporate
      power and authority to carry on its business as now conducted. The Company
      is
      duly qualified to transact business and is in good standing in each jurisdiction
      in which the failure to so qualify would have a material adverse effect on
      its
      business or properties.

     

    5.2 Authorization.
      Except
      for the authorization and issuance of the shares issuable in connection with
      the
      Next Equity Financing, all corporate action has been taken on the part of the
      Company, its officers, directors and stockholders necessary for the
      authorization, execution and delivery of this Agreement, the Notes and the
      Warrants. Except as may be limited by applicable bankruptcy, insolvency,
      reorganization, or similar laws relating to or affecting the enforcement of
      creditors’ rights, the Company has taken all corporate action required to make
      all of the obligations of the Company reflected in the provisions of this
      Agreement, the Notes and the Warrants, the valid and enforceable obligations
      they purport to be. The issuance of the Notes, will not be subject to the
      preemptive rights of any stockholder of the Company. The
      Company has authorized sufficient shares of its capital stock to
      allow
      for exercise of the Warrant as described herein.

     

    5.3  Compliance
      with Other Instruments.
      Neither
      the authorization, execution and delivery of this Agreement, nor the issuance
      and delivery of the Notes and the Warrants, will constitute or result in a
      material default or violation of any law or regulation applicable to the Company
      or any material term or provision of the Company’s current Certificate of
      Incorporation or bylaws or any material agreement or instrument by which it
      is
      bound or to which its properties or assets are subject. 

     

    5.4 Valid
      Issuance of Stock.
      The
      Conversion Shares to be issued, sold and delivered in accordance with the terms
      of the Warrants will be duly authorized and validly issued, fully paid and
      nonassessable and, based in part upon the representations and warranties of
      the
      Lenders in this Agreement, will be issued in compliance with all applicable
      federal and state securities laws.

     

    6. Representations
      and Warranties of the Lenders.
      In
      connection with the transactions provided for herein, each Lender hereby
      represents and warrants to the Company that:

     

    6.1 Authorization.
      This
      Agreement constitutes such Lender’s valid and legally binding obligation,
      enforceable in accordance with its terms, except as may be limited by
      (i) applicable bankruptcy, insolvency, reorganization, or similar laws
      relating to or affecting the enforcement of creditors’ rights and (ii) laws
      relating to the availability of specific performance, injunctive relief or
      other
      equitable remedies. Each Lender represents that it has full power and authority
      to enter into this Agreement.

     

    6.2 Purchase
      Entirely for Own Account.
      Each
      Lender acknowledges that this Agreement is made with Lender in reliance upon
      such Lender’s representation to the Company that the Notes, the Warrants, the
      Conversion Shares, and any Common Stock issuable upon conversion of the
      Conversion Shares (collectively, the “Securities”) will be acquired for
      investment for Lender’s own account, not as a nominee or agent, and not with a
      view to the resale or distribution of any part thereof, and that such Lender
      has
      no present intention of selling, granting any participation in, or otherwise
      distributing the same. By executing this Agreement, each Lender further
      represents that such Lender does not have any contract, undertaking, agreement
      or arrangement with any person to sell, transfer or grant participations to
      such
      person or to any third person, with respect to the Securities.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    6.3 Disclosure
      of Information.
      Each
      Lender acknowledges that it has received all the information it considers
      necessary or appropriate for deciding whether to acquire the Notes and the
      Warrants. Each Lender further represents that it has had an opportunity to
      ask
      questions and receive answers from the Company regarding the terms and
      conditions of the offering of the Notes and the Warrants.

     

    6.4 Investment
      Experience.
      Each
      Lender is an investor in securities of companies in the development stage and
      acknowledges that it is able to fend for itself, can bear the economic risk
      of
      its investment and has such knowledge and experience in financial or business
      matters that it is capable of evaluating the merits and risks of the investment
      in the Securities. If other than an individual, each Lender also represents
      it
      has not been organized solely for the purpose of acquiring the
      Securities.

     

    6.5 Accredited
      Investor.
      Each
      Lender is an “accredited investor” within the meaning of Rule 501 of Regulation
      D of the Securities and Exchange Commission (the “SEC”), as presently in
      effect.

     

    6.6 Restricted
      Securities.
      Each
      Lender understands that the Notes and the Warrants are characterized as
“restricted securities” under the federal securities laws inasmuch as they are
      being acquired from the Company in a transaction not involving a public offering
      and that under such laws and applicable regulations such securities may be
      resold without registration under the Act only in certain limited circumstances.
      Each Lender represents that it is familiar with SEC Rule 144, as presently
      in
      effect, and understands the resale limitations imposed thereby and by the
      Act.

     

    6.7 Further
      Limitations on Disposition.
      Without
      in any way limiting the representations and warranties set forth above, each
      Lender further agrees not to make any disposition of all or any portion of
      the
      Notes and Warrants unless and until the transferee has agreed in writing for
      the
      benefit of the Company to be bound by this Section 6 and:

     

    (a) There
      is
      then in effect a registration statement under the Act covering such proposed
      disposition and such disposition is made in accordance with such registration
      statement; or

     

    (b) (i)
      Lender has notified the Company of the proposed disposition and has furnished
      the Company with a detailed statement of the circumstances surrounding the
      proposed disposition and (ii) if
      reasonably requested by the Company, Lender shall have furnished the Company
      with an opinion of counsel, reasonably satisfactory to the Company, that such
      disposition will not require registration of such shares under the Act. It
      is
      agreed that the Company will not require opinions of counsel for transactions
      made pursuant to Rule 144 except in extraordinary circumstances.

     

    6.8 Legends.
      It is
      understood that the Securities may bear the following legend: 

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    “THESE
      SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR
      OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL
      SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT
      OR
      UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.”

     

    7. State
      Commissioners of Corporations.
      THE
      SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN
      QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA
      AND
      THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE
      CONSIDERATION FOR SUCH SECURITIES PRIOR TO SUCH QUALIFICATION IS UNLAWFUL,
      UNLESS THE SALE OF SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTION 25100,
      25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES
      TO
      THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED,
      UNLESS THE SALE IS SO EXEMPT.

     

    8. Defaults
      and Remedies.

     

    8.1 Events
      of Default.
      The
      following events shall be considered Events of Default with respect to each
      Note:

     

    (a) The
      Company shall default in the payment of any part of the principal or unpaid
      accrued interest on the Note on the Maturity Date or at a date fixed by
      acceleration or otherwise;

     

    (b) The
      Company shall make an assignment for the benefit of creditors, or shall admit
      in
      writing its inability to pay its debts as they become due, or shall file a
      voluntary petition for bankruptcy, or shall file any petition or answer seeking
      for itself any reorganization, arrangement, composition, readjustment,
      dissolution or similar relief under any present or future statute, law or
      regulation, or shall file any answer admitting the material allegations of
      a
      petition filed against the Company in any such proceeding, or shall seek or
      consent to or acquiesce in the appointment of any trustee, receiver or
      liquidator of the Company, or of all or any substantial part of the properties
      of the Company, or the Company or its respective directors or majority
      stockholders shall take any action looking to the dissolution or liquidation
      of
      the Company; 

     

    (c) Within
      thirty (30) days after the commencement of any proceeding against the
      Company seeking any bankruptcy reorganization, arrangement, composition,
      readjustment, liquidation, dissolution or similar relief under any present
      or
      future statute, law or regulation, such proceeding shall not have been
      dismissed, or within thirty (30) days after the appointment without the
      consent or acquiescence of the Company of any trustee, receiver or liquidator
      of
      the Company or of all or any substantial part of the properties of the Company,
      such appointment shall not have been vacated;

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (d) Within
      thirty (30) days after the Company becomes involved in litigation that threatens
      to materially and adversely affect the Company’s business, operations, assets,
      results of operations or prospects if the Company’s involvement has not
      terminated by such date in a manner that does not and could not reasonably
      be
      expected to materially and adversely affect the Company’s business, operations,
      assets, results of operations or prospects;

     

    (e) Any
      default or defined event of default that has not otherwise been cured or
      forgiven shall occur under any agreement to which the Company or any of its
      subsidiaries is a party that evidences Indebtedness of $25,000 or more;

     

    (f) Reverse
      Merger Withdrawal or Corporate Transaction; or

     

    (g) The
      Company shall fail to observe or perform any other obligation to be observed
      or
      performed by it under this Agreement, the Notes, the Warrants or the Security
      Agreement within 30 days after written notice from the Majority Noteholders
      to
      perform or observe the obligation.

     

    8.2 Remedies.
      Upon
      the occurrence of an Event of Default under Section 8.1 hereof, at the
      option and upon the declaration of the holder of a Note, the entire unpaid
      principal and accrued and unpaid interest on such Note shall, without
      presentment, demand, protest, or notice of any kind, all of which are hereby
      expressly waived, be forthwith due and payable, and such holder may, immediately
      and without expiration of any period of grace, enforce payment of all amounts
      due and owing under such Note and exercise any and all other remedies granted
      to
      it at law, in equity or otherwise.

     

    9. Miscellaneous.

     

    9.1 Successors
      and Assigns.
      Except
      as otherwise provided herein, the terms and conditions of this Agreement shall
      inure to the benefit of and be binding upon the respective successors and
      assigns of the parties, provided, however, that the Company may not assign
      its
      obligations under this Agreement without the written consent of the Majority
      Note Holders. Nothing in this Agreement, express or implied, is intended to
      confer upon any party other than the parties hereto or their respective
      successors and assigns any rights, remedies, obligations or liabilities under
      or
      by reason of this Agreement, except as expressly provided in this
      Agreement.

     

    9.2 Governing
      Law.
      This
      Agreement, the Notes and
      the
      Warrants shall be governed by and construed under the laws of the State of
      California as applied to agreements among California residents, made and to
      be
      performed entirely within the State of California.

     

    9.3 Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument.

     

    9.4 Titles
      and Subtitles.
      The
      titles and subtitles used in this Agreement are used for convenience only and
      are not to be considered in construing or interpreting this
      Agreement.

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    9.5 Notices.
      All
      notices and other communications given or made pursuant hereto shall be in
      writing and shall be deemed effectively given: (i) upon personal delivery to
      the
      party to be notified, (ii) when sent by confirmed electronic mail or facsimile
      if sent during normal business hours of the recipient, if not so confirmed,
      then
      on the next business day, (iii) five (5) days after having been sent by
      registered or certified mail, return receipt requested, postage prepaid or
      (iv)
      one (1) day after deposit with a nationally recognized overnight courier,
      specifying next day delivery, with written verification of receipt. All
      communications shall be sent to the respective parties at the following
      addresses (or at such other addresses as shall be specified by notice given
      in
      accordance with this Section 9.5):

     

    If
      to the
      Company:

    

    Podium
      Technology Limited

    OMC
      Chambers

    P.O.
      Box
      3152

    Road
      Town
      Tortola, British Virgin Islands

    Attention:
      Chief Executive Officer

    

    If
      to
      Lenders:

    

    At
      the
      respective addresses shown on the signature pages hereto.

    

    9.6 Finder’s
      Fee.
      Each
      party represents that it neither is nor will be obligated for any finder’s fee
      or commission in connection with this transaction. Lender agrees to indemnify
      and to hold harmless the Company from any liability for any commission or
      compensation in the nature of a finder’s fee (and the costs and expenses of
      defending against such liability or asserted liability) for which Lender or
      any
      of its officers, partners, employees or representatives is responsible. The
      Company agrees to indemnify and hold harmless Lender from any liability for
      any
      commission or compensation in the nature of a finder’s fee (and the costs and
      expenses of defending against such liability or asserted liability) for which
      the Company or any of its officers, employees or representatives is
      responsible.

     

    9.7 Expenses.
      If any
      action at law or in equity is necessary to enforce or interpret the terms of
      this Agreement, the prevailing party shall be entitled to reasonable attorneys’
fees, costs and necessary disbursements in addition to any other relief to
      which
      such party may be entitled. The Company shall pay all costs and expenses that
      it
      incurs with respect to the negotiation, execution, delivery and performance
      of
      this Agreement. At the Closing, the Company shall reimburse the reasonable
      fees
      and expenses of special counsel for the Lenders, not to exceed
      $5,000.

     

    9.8 Entire
      Agreement; Amendments and Waivers.
      This
      Agreement, the Notes and the Warrants and the other documents delivered pursuant
      hereto constitute the full and entire understanding and agreement between the
      parties with regard to the subjects hereof and thereof. The Company’s agreements
      with each of the Lenders are separate agreements, and the sales of the Notes
      and
      Warrants to each of the Lenders are separate sales. Nonetheless, any term of
      this Agreement, the Notes or the Warrants may be amended and the observance
      of
      any term of this Agreement, the Notes or the Warrants may be waived (either
      generally or in a particular instance and either retroactively or
      prospectively), with the written consent of the Company and the Majority Note
      Holders. Any waiver or amendment effected in accordance with this Section shall
      be binding upon each party to this Agreement and any holder of any Note or
      Warrant purchased under this Agreement at the time outstanding and each future
      holder of all such Notes or Warrants.

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    9.9 Effect
      of Amendment or Waiver.
      Each
      Lender acknowledges that by the operation of Section 9.8 hereof, the
      Majority Note Holders will have the right and power to diminish or eliminate
      all
      rights of such Lender under this Agreement and each Note and Warrant issued
      to
      such Lender.

     

    9.10 Severability.
      If one
      or more provisions of this Agreement are held to be unenforceable under
      applicable law, such provision shall be excluded from this Agreement and the
      balance of the Agreement shall be interpreted as if such provision were so
      excluded and shall be enforceable in accordance with its terms.

     

    9.11 Stock
      Purchase Agreement.
      Each
      Lender understands and agrees that the exercise of the Warrants for Conversion
      Shares may require such Lender’s execution of certain agreements in the form
      agreed to by investors in the Next Equity Financing (in form reasonably
      agreeable to the Lender) relating to the purchase and sale of such securities
      as
      well as registration, co-sale, rights of first refusal, rights of first offer
      and voting rights, if any, relating to such securities.

     

    9.12 Exculpation
      Among Lenders.
      Each
      Lender acknowledges that it is not relying upon any person, firm, corporation
      or
      stockholder, other than the Company and its officers and directors in their
      capacities as such, in making its investment or decision to invest in the
      Company. Each Lender agrees that no other Lender nor the respective controlling
      persons, officers, directors, partners, agents, stockholders or employees of
      any
      other Lender shall be liable for any action heretofore or hereafter taken or
      omitted to be taken by any of them in connection with the purchase and sale
      of
      the Securities.

     

    9.13 Acknowledgement.
      In
      order to avoid doubt, it is acknowledged that each Lender shall be entitled
      to
      the benefit of all adjustments in the number of shares of Common Stock of the
      Company issuable upon conversion of the Preferred Stock of the Company or as
      a
      result of any splits, recapitalizations, combinations or other similar
      transaction affecting the Common Stock or Preferred Stock underlying the
      Conversion Shares that occur prior to the conversion of the Notes or exercise
      of
      the Warrants.

     

    9.14  Indemnity;
      Costs, Expenses and Attorneys’ Fees.
      The
      Company shall indemnify and hold each Lender harmless from any loss, cost,
      liability and legal or other expense, including attorneys’ fees of such Lender’s
      counsel, which a Lender may directly or indirectly suffer or incur by reason
      of
      the failure of the Company to perform any of its obligations under this
      Agreement, any Note, any Warrant, any agreement executed in connection herewith
      or therewith, any grant of or exercise of remedies with respect to any
      collateral at any time securing any obligations evidenced by this Agreement
      or
      the Notes, or any Lender’s execution or performance of this Agreement or any
      agreement executed in connection herewith, or acceptance or exercise of any
      Warrant.

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    9.15 Further
      Assurance.
      From
      time to time, the Company shall execute and deliver to the Lenders such
      additional documents and shall provide such additional information to the
      Lenders as any Lender may reasonably require to carry out the terms of this
      Agreement and the Notes and any agreements executed in connection herewith
      or
      therewith, or to be informed of the financial and business conditions and
      prospects of the Company.

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the date first
      above written.

     

    
      	
              Podium
                Technology Limited

            
	 	 
	
              By:

            	
              /s/
                Wong Kwok Fu

            
	
              Name:    

            	Wong
              Kwok Fu
	
              Title:
                

            	Chief
              Executive Officer

    

    

    SIGNATURE
      PAGE TO

    NOTE
      AND WARRANT PURCHASE AGREEMENT

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        	
                LENDERS:

              
	 	 
	
                Trillion
                  Growth China LP

              
	 	 
	
                By:

              	
                /s/
                  Corey Mitchell

              
	
                Name:
                    

              	
                Corey
                  Mitchell

              
	
                Title:
                  

              	
                President

              
	 	 
	
                10th
                  Floor, Bankers Hall West Tower

              
	
                888-3rd
                  Street S.W., Calgary, AB

              
	
                T2P
                  5C5 Canada

              
	 	 
	
                By:

              	
                 

              
	
                Name:
                  

              	 
	
                Title:
                  

              	 

      

    

     

    
      SIGNATURE
        PAGE TO

      NOTE
        AND WARRANT PURCHASE AGREEMENT

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              LENDERS:

            
	 	 
	
              MidSouth
                Investor Fund LP

            
	 	 
	
              By:

            	
              /s/
                Lyman O. Heidtke

            
	
              Name:
                  

            	
              Lyman
                O. Heidtke

            
	
              Title:
                

            	
              General
                Partner

            
	 	 
	
              By:

            	
               

            
	
              Name:
                

            	 
	
              Title:
                

            	 

    

    

    
      SIGNATURE
        PAGE TO

      NOTE
        AND WARRANT PURCHASE AGREEMENT

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      OF LENDERS 

    

    
      	
              Lender

            	 	
              Total

              Consideration

            	 	
              Principal Balance

              of Promissory Note

            	 	
              Purchase Price

              of Warrant

            	 
	
              Trillion Growth China LP

            	 	
              $

            	
              300,000.00

            	 	
              $

            	
              300,000.00

            	 	
              $

            	
              300,000.00

            	 
	
              Midsouth
                Investor Fund LP

            	 	
              $

            	
              300,000.00

            	 	
              $

            	
              300,000.00

            	 	
              $

            	
              300,000.00

            	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	
              TOTAL

            	
               

            	
              $ 

            	
               

            	
              
              

            	
              
                $

              

            	
               

            	 	
              $THIS
      NOTE
      AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED
      FOR
      SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT
      REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH
      ACT.

    

    SECURED
      PROMISSORY NOTE

    

    
      	
              No.
                N-__

            	
              Date
                of Issuance

            
	
              US
                $300,000.00

            	
              May
                30, 2008

            

    

    

    FOR
      VALUE
      RECEIVED, Podium Technology Limited, a British Virgin Islands corporation (the
      “Company”), hereby promises to pay _____________________ (the “Lender”), the
      principal sum of Three Hundred Thousand United States Dollars (US$300,000),
      together with interest thereon from the date of this Secured Promissory Note
      (this “Note”). Interest shall accrue at a rate of twelve percent (12%) per
      annum, compounded annually. This Note is issued further to that certain Note
      and
      Warrant Purchase Agreement dated May 30, 2008 by and among the Company, Lender
      and certain other investors (the “Purchase Agreement”). The principal and
      accrued interest shall be due and payable by the Company on or before December
      31, 2008 (the “Maturity Date”) or earlier upon an Event of Default as that term
      is define din Section 8.1 of the Purchased Agreement. Capitalized terms used
      but
      not defined herein shall have the meanings given to them in the Purchase
      Agreement.

     

    In
      the
      event of a Reverse Merger Withdrawal or if the Reverse Merger does not close
      on
      or before the Maturity date, the Company shall also pay to Lender a penalty
      payment in an amount equal to twenty percent (20%) of the principal amount
      of
      this Note. Upon the occurrence of an Event of Default, interest shall accrue
      on
      the remaining balance of unpaid principal and interest at the rate set forth
      herein plus five percent (5%).

     

    This
      Note
      is one of a series of Notes issued pursuant to the Purchase Agreement, and
      capitalized terms not defined herein shall have the meaning set forth in the
      Purchase Agreement.

     

    1. Payment.
      All
      payments shall be made in lawful money of the United States of America at the
      principal office of the Company, or at such other place as the holder hereof
      may
      from time to time designate in writing to the Company. Payment shall be credited
      first to Costs (as defined below), if any, then to accrued interest due and
      payable and any remainder applied to principal. Prepayment of principal,
      together with accrued interest, may not be made without the Lender’s consent.
      The Company hereby waives demand, notice, presentment, protest and notice of
      dishonor.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2. Security. This
      Note
      is secured under that certain Security Agreement (the “Security Agreement”)
      between the Company and the Lender of even date herewith, attached hereto as
      Exhibit
      A.
      Reference is hereby made to the Security Agreement for a description of the
      nature and extent of the security for this Note and the rights with respect
      to
      such security of the holder of this Note.

     

    3. Usury.
      It is
      the intention of the parties hereto to strictly comply with all applicable
      usury
      laws. Accordingly, notwithstanding any provisions to the contrary in this Note,
      or in any of the documents securing payment hereof or otherwise relating hereto,
      in no event shall this Note or such documents be construed to contract for,
      charge, or permit a receipt of interest in excess of the maximum amount
      permitted by applicable law. If any such excess interest is contracted for,
      charged, or received under this Note or under the terms of any of the documents
      securing payment hereof or otherwise relating hereto, or in the event the
      maturity of the indebtedness evidenced by this Note is accelerated in whole
      or
      in part, or in the event that all or part of the principal or interest of this
      Note shall be prepaid, so that under any of such circumstances the amount of
      interest contracted for, charged, or received under this Note or under any
      of
      the instruments securing payment hereof shall exceed the maximum rate of
      interest permitted by law, then, in such event (i) neither the Company nor
      its
      successors or assigns, or any other party liable for the payment hereof shall
      be
      obligated to pay the amount of such interest to the extent that it is in the
      excess of the maximum permitted by law; and (ii) any such excess shall be deemed
      a mistake and canceled automatically, and, if theretofore paid, shall, at the
      option of the holder of this Note, be refunded to the Company or applied as
      a
      credit against the then unpaid principal amount hereof, and (iii) the effective
      rate of interest shall be automatically reduced to the maximum contract rate
      allowed under such laws as now or hereafter construed by the court of
      appropriate jurisdiction, and, to the extent permitted by law, determination
      of
      the rate of interest shall be made by amortizing, prorating, allocating, and
      spreading in equal parts during the period of the fully stated term of the
      loan
      evidenced hereby all interest at any time contracted for, charged, or received
      from the Company in connection with the loan evidenced by this
      Note.

     

    4. Amendments
      and Waivers; Resolutions of Dispute; Notice.
      The
      amendment or waiver of any term of this Note, the resolution of any controversy
      or claim arising out of or relating to this Note and the provision of notice
      shall be conducted pursuant to the terms of the Purchase Agreement.

     

    5. Successors
      and Assigns.
      This
      Note applies to, inures to the benefit of, and binds the successors and assigns
      of the parties hereto; provided, however, that the Company may not assign its
      obligations under this Note without the written consent of the Majority Note
      Holders. Any transfer of this Note may be effected only pursuant to the Purchase
      Agreement and by surrender of this Note to the Company and reissuance of a
      new
      note to the transferee. The Lender and any subsequent holder of this Note
      receives this Note subject to the foregoing terms and conditions, and agrees
      to
      comply with the foregoing terms and conditions for the benefit of the Company
      and any other Lenders.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    6. Officers
      and Directors Not Liable.
      In no
      event shall any officer or director of the Company be liable for any amounts
      due
      and payable pursuant to this Note.

     

    7. Expenses.
      The
      Company hereby agrees, subject only to any limitation imposed by applicable
      law,
      to pay all expenses, including reasonable attorneys’ fees and legal expenses,
      incurred by the holder of this Note (“Costs”) in endeavoring to collect any
      amounts payable hereunder which are not paid when due, whether by declaration
      or
      otherwise. The Company agrees that any delay on the part of the holder in
      exercising any rights hereunder will not operate as a waiver of such rights.
      The
      holder of this Note shall not by any act, delay, omission or otherwise be deemed
      to have waived any of its rights or remedies, and no waiver of any kind shall
      be
      valid unless in writing and signed by the party or parties waiving such rights
      or remedies.

     

    8. Governing
      Law.
      This
      Note shall be governed by and construed under the laws of the State of
      California as applied to other instruments made by California residents to
      be
      performed entirely within the State of California. Notwithstanding any provision
      of this Note to the contrary, this Note shall be (to the extent necessary to
      satisfy the requirements of Section 22062(b)(3)(D) of the California Financial
      Code) subject to the implied covenant of good faith and fair dealing arising
      under Section 1655 of the California Civil Code. 

     

    9. Approval.
      The
      Company hereby represents that its board of directors, in the exercise of its
      fiduciary duty, has approved the Company’s execution of this Note based upon a
      reasonable belief that the principal provided hereunder is appropriate for
      the
      Company after reasonable inquiry concerning the Company’s financing objectives
      and financial situation. In addition, the Company hereby represents that it
      intends to use the principal of this Note primarily for the operations of its
      business, and not for any personal, family or household purpose.

     

    10. Waiver.
      THE
      COMPANY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES THE RIGHT IT
      MAY
      HAVE TO A TRIAL BY JURY OF, UNDER OR IN CONNECTION WITH THIS NOTE, OR THE
      SECURITY AGREEMENT OR ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION
      HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER
      VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY RELATING HERETO OR THERETO. THIS
      PROVISION IS A MATERIAL INDUCEMENT FOR LENDER ACCEPTING THIS NOTE.

     

    
      	
              Podium
                Technology Limited

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	
              Chief
                Executive Officer

            

    

     

    
      
         

      

      
        3

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