Document:

Unassociated Document

     

    Confidential
      - Without Prejudice

    For
      Settlement 

    Purposes
      Only

    

    AMENDMENT
      TO 

    EMPLOYMENT
      AGREEMENT

     

     

    This
      Amendment (this “Amendment”)
      to the
      Employment Agreement (the “Agreement”),
      dated
      as of February 24, 2007, between China Broadband, Ltd., a Cayman Islands company
      (the “Company”),
      a
      subsidiary of China Broadband, Inc. (“Broadband”),
      and
      Yue Pu (the “Executive”)
      is
      made on January 11, 2008. 

    

    WHEREAS, the
      Company and the Executive entered into the Agreement to provide for the
      rendering of certain services to the Company by the Executive; and

    

    WHEREAS,
      the
      Company and the Executive wish to amend the Agreement in accordance with Section
      10(f) of the Agreement. 

    

    NOW,
      THEREFORE,
      for good and valuable consideration, the receipt and sufficiency of which hereby
      are acknowledged, the parties hereby agree as follows:

    

      
        	 	
                1.

              	
                All
                  capitalized terms used herein and not otherwise defined shall have
                  the
                  meanings ascribed thereto in the
                  Agreement.

              

      

       

      
        	
                 

              	
                2.

              	
                Section
                  3(a) shall be amended and restated in its entirety to read as follows:
                  

              

      

    

    
       

    

    (a)
      Service
      with Company.
      During
      the term of the Executive's employment, the Executive shall serve in the
      position of Vice Chairman and principal financial officer of the Company and
      Parent, and Executive shall have the authority, duties and responsibilities
      generally associated with such position and as may be determined by the Chairman
      (“Chairman”)
      or the
      Board of Directors (the “Board”)
      of the
      Company or its Parent from time to time subject to the provisions of this
      Agreement, as amended, and subject to the control and direction of the Board,
      managing operational activities relating to the operations of the Company and
      Parent in the PRC, and planning operational policies, objectives and
      initiatives, as well as furthering the Company’s short - and long-term financial
      and operational goals. Specifically, Executive shall continue to be involved
      with the preparation, and filing of financial statements and periodic reports
      and the execution of officer certifications to be filed pursuant to the
      Securities Exchange Act of 1934, as amended until a replacement Principal
      Financial Officer is hired. The Executive will report to the Board.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Section
      3(b)(i) of the Agreement is amended and restated in its entirety to read as
       follows: 

     

    Subject
      to the provisions hereof, the Executive agrees to serve the Company and Parent
      faithfully and to the best of his ability and to devote so much of his time
      to
      the affairs of the Company and Parent as, in the reasonable judgment of the
      Board, the conduct of the business of the Company and Parent shall reasonably
      require, and the Executive shall not be obligated to do or perform any act
      or
      thing in connection with the business of the Company or Parent not expressly
      set
      forth herein. 

    

      
        	 	
                3.

              	
                Section
                  6 of the Agreement is hereby amended and restated in its entirety
                  to read
                  as follows:

              

      

    

     

    Nothing
      herein contained shall be deemed to preclude the Executive from engaging,
      directly or indirectly, in any Permitted Activities. For purposes hereof, (a)
      “Permitted
      Activities”
      include:
      (i) serving as an officer, director and/or board committee member or being
      a securityholder of China Cablecom, Ltd. and Cablecom Holdings/Jaguar (as
      defined below) (and any successor), and the respective affiliates thereof,
      pursuant to an employment agreement or otherwise and all activities undertaken
      in connection with the Cablecom Business (as defined below);
      (ii) management of his personal and family investments; (iii) engaging
      in Other Permitted Investments (as defined below); (iv) serving as a
      director, board or other committee member or trustee or in any other advisory
      capacity to any companies or other entities if such activities do not materially
      interfere with his services to the Company; (v) serving on industry boards
      or committees and trade associations in a non-employee capacity; and
      (vi) performing civic, community, public service, charitable, religious or
      philanthropic functions, (b) “Other
      Permitted Investments”
shall
      include: (x) investments in securities of publicly traded entities; and (y)
      passive investments in businesses not competitive with the Business of the
      Company described below, it being acknowledged that a “passive
      investment”
shall
      be deemed to mean an investment in a business that does not require or result
      in
      the participation of the Executive in the management or operations of such
      business, except during times other than regular business hours and which do
      not
      materially interfere with his services to the Company, and (c) “Cablecom
      Holdings/Jaguar”
      shall
      mean China Cablecom Holdings, Ltd. and Jaguar Acquisition Corporation (such
      entities are described in the Registration Statement on Form S-4, as the same
      may from time to time be amended, of China Cablecom Holdings, Ltd. filed with
      the Securities and Exchange Commission), the business of which shall include
      acting as a joint venture provider of cable television services in the People’s
      Republic of China and related activities, but which does not include the
      provision of Stand-Alone Broadband Services (as defined below)(collectively,
      the
“Cablecom
      Business”).
      It is
      contemplated that the Executive shall, until such time as the Company and Parent
      have hired a Chief Financial Officer (A) remain an executive of the Company
      and
      specifically, continue to have all responsibilities of a principal financial
      and
      principal accounting officer, amended, and (B) take commercially reasonable
      efforts to further assure that such other activities with China Cablecom, Ltd.,
      Cablecom Holdings/Jaguar (and any successor) will not materially interfere
      with
      his above-referenced obligations to the Company. Notwithstanding the foregoing,
      Executive will not divulge any confidential information or opportunities of
      the
      Company. At such time as the Company and Parent have hired a Chief Financial
      Officer and Principal Financial Officer, Executive’s work requirements shall be
      appropriately reduced further except that he shall remain Vice Chairman and
      Director of the Company and Parent during the term of his employment with the
      Company. The “Business”
of
      the
      Company, for purposes of the scope or nature of activities to be performed
      by
      the Executive under this Agreement, shall relate to stand alone, independent
      broadband services, including electronic program/television program-type
      publications (collectively, “Stand
      Alone Broadband Services”).
      

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

      
        	 	
                4.

              	
                A
                  new Section 10 shall be added to the Agreement as
                  follows:

              

      

    

    
       

    

    Any
      controversy or claim arising out of, in conjunction with or relating to this
      Agreement (other than an action for injunctive relief) shall be resolved by
      arbitration, to be held in the County of New York, State of New York, in
      accordance with the Commercial Rules of the American Arbitration Association
      then in effect; judgment upon the award rendered by the arbitrator shall be
      final and binding upon the parties and judgment on the award may be entered
      and
      enforced in any federal or state court of competent jurisdiction located in
      the
      County of New York, State of New York. The parties to this Agreement hereby
      irrevocably consent to personal jurisdiction in the federal and state courts
      located in the County of New York, State of New York for that purpose. The
      arbitration award shall include attorneys’ fees and costs to the prevailing
      party. 

    

      
        	 	
                5.

              	
                Section
                  10 of the Agreement shall become Section
                  11.

              

      

       

      
        	 	
                6.

              	
                Except
                  as modified by this Amendment, the Agreement shall continue unmodified
                  and
                  in full force and effect and each party hereto ratifies, approves
                  and
                  confirms the Agreement, as modified by this Amendment, in all
                  respects.

              

      

       

      
        	 	
                7.

              	
                This
                  Amendment may be executed in separate counterparts, each of which
                  will be
                  an original and all of which taken together shall constitute one
                  and the
                  same agreement, and any party hereto may execute this Amendment
                  by signing
                  any such counterpart.

              

      

    

     

    * * *

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed this Amendment as of the date first
      set forth above.

     

     

    
      	 	
              CHINA
                BROADBAND, LTD.

               

               

              
                By:
                  /s/ Clive Ng          

                Name:
                  Clive Ng

                Title:
                  Chairman

                 

                 

                 

                
                  Yue
                    Pu                

                  Yue
                    Pu

                

              

            

    

    

     

    
      
        
        

      

      
        4Unassociated Document

    

      FUNDS
        ESCROW AGREEMENT

      

      This
        Agreement is dated as of the ____ day of December, 2007 among China Broadband,
        Inc., a Nevada corporation (the "Company"), the Subscribers identified on
        Schedule A hereto (each a “Subscriber” and collectively “Subscribers”), and
        Grushko & Mittman, P.C. (the "Escrow Agent"):

       

      WITNESSETH:

       

      WHEREAS,
        the Company and Subscribers have entered into a Subscription Agreement calling
        for the sale by the Company to the Subscriber of promissory notes (“Notes”) and
        Warrants for an aggregate purchase price of up to $5,000,000 in the amounts
        set
        forth on Schedule A hereto; and

       

      WHEREAS,
        the parties hereto require the Company to deliver the Notes and Warrants
        against
        payment therefor, with such Notes, Warrants and the Escrowed Funds to be
        delivered to the Escrow Agent, along with the other documents, instruments
        and
        payments hereinafter described, to be held in escrow and released by the
        Escrow
        Agent in accordance with the terms and conditions of this Agreement;
        and

       

      WHEREAS,
        the Escrow Agent is willing to serve as escrow agent pursuant to the terms
        and
        conditions of this Agreement;

       

      NOW
        THEREFORE, the parties agree as follows:

       

      ARTICLE
        I

       

      INTERPRETATION

       

      1.1. Definitions.
        Capitalized terms used and not otherwise defined herein that are defined
        in the
        Subscription Agreement shall have the meanings given to such terms in the
        Subscription Agreement. Whenever used in this Agreement, the following terms
        shall have the following respective meanings:

       

      § "Agreement"
        means this Agreement and all amendments made hereto and thereto by written
        agreement between the parties;

      

      § “Broker”
        shall have the meaning set forth in Section 8(a) of the Subscription
        Agreement;

      

      § “Broker’s
        Warrants” shall have the meaning set forth in Section 8(a) to the Subscription
        Agreement;

       

      § “Closing
        Date” shall have the meaning set forth in Section 1 of the Subscription
        Agreement;

       

      § “Due
        Diligence Fee” shall have the meaning set forth in Section 8(a) of the
        Subscription Agreement;

       

      § "Escrowed
        Payment" means an aggregate cash payment of up to $5,000,000 which is the
        Purchase Price;

       

      § “Legal
        Fees” shall have the meaning set forth in Section 8(b) of the Subscription
        Agreement;

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      § “Legal
        Opinion” means the original signed legal opinion referred to in Section 6 of the
        Subscription Agreement;

       

      § “Notes”
        shall have the meaning set forth in the Subscription Agreement;

       

      § “Purchase
        Price” shall mean up to $5,000,000;

       

      § "Subscription
        Agreement" means the Subscription Agreement (and the exhibits and schedules
        thereto) entered into or to be entered into by the Company and Subscribers
        in
        reference to the sale and purchase of the Notes and Warrants;

       

      § “Warrants”
        shall mean the Class A Warrants described in Section 3 of the Subscription
        Agreement;

       

      § Collectively,
        Broker’s Warrants, Due Diligence Fee, Legal Opinion, Notes, the Company’s
        executed Subscription Agreement, and Warrants are referred to as "Company
        Documents"; and

       

      § Collectively,
        the Escrowed Payment and the Subscriber executed Subscription Agreement are
        referred to as "Subscriber Documents".

       

      1.2. Entire
        Agreement.
        This
        Agreement along with the Company Documents and the Subscriber Documents
        constitute the entire agreement between the parties hereto pertaining to
        the
        Company Documents and Subscriber Documents and supersedes all prior agreements,
        understandings, negotiations and discussions, whether oral or written, of
        the
        parties. There are no warranties, representations and other agreements made
        by
        the parties in connection with the subject matter hereof except as specifically
        set forth in this Agreement, the Company Documents and the Subscriber
        Documents.

       

      1.3. Extended
        Meanings.
        In this
        Agreement words importing the singular number include the plural and vice
        versa;
        words importing the masculine gender include the feminine and neuter genders.
        The word "person" includes an individual, body corporate, partnership, trustee
        or trust or unincorporated association, executor, administrator or legal
        representative.

       

      1.4. Waivers
        and Amendments.
        This
        Agreement may be amended, modified, superseded, cancelled, renewed or extended,
        and the terms and conditions hereof may be waived, only by a written instrument
        signed by all parties, or, in the case of a waiver, by the party waiving
        compliance. Except as expressly stated herein, no delay on the part of any
        party
        in exercising any right, power or privilege hereunder shall operate as a
        waiver
        thereof, nor shall any waiver on the part of any party of any right, power
        or
        privilege hereunder preclude any other or future exercise of any other right,
        power or privilege hereunder.

       

      1.5. Headings.
        The
        division of this Agreement into articles, sections, subsections and paragraphs
        and the insertion of headings are for convenience of reference only and shall
        not affect the construction or interpretation of this Agreement.

       

      1.6. Law
        Governing this Agreement.
        This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of New York without regard to conflicts
        of laws
        principles that would result in the application of the substantive laws of
        another jurisdiction. Any action brought by either party against the other
        concerning the transactions contemplated by this Agreement shall be brought
        only
        in the state courts of New York or in the federal courts located in the state
        of
        New York. Both parties and the individuals executing this Agreement and other
        agreements on behalf of the Company agree to submit to the jurisdiction of
        such
        courts and waive trial by jury. The prevailing party (which shall be the
        party
        which receives an award most closely resembling the remedy or action sought)
        shall be entitled to recover from the other party its reasonable attorney's
        fees
        and costs. In the event that any provision of this Agreement or any other
        agreement delivered in connection herewith is invalid or unenforceable under
        any
        applicable statute or rule of law, then such provision shall be deemed
        inoperative to the extent that it may conflict therewith and shall be deemed
        modified to conform with such statute or rule of law. Any such provision
        which
        may prove invalid or unenforceable under any law shall not affect the validity
        or enforceability of any other provision of any agreement.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      1.7. Specific
        Enforcement, Consent to Jurisdiction.
        The
        Company and Subscriber acknowledge and agree that irreparable damage would
        occur
        in the event that any of the provisions of this Agreement were not performed
        in
        accordance with their specific terms or were otherwise breached. It is
        accordingly agreed that the parties shall be entitled to an injuction or
        injunctions to prevent or cure breaches of the provisions of this Agreement
        and
        to enforce specifically the terms and provisions hereof or thereof, this
        being
        in addition to any other remedy to which any of them may be entitled by law
        or
        equity. Subject to Section 1.6 hereof, each of the Company and Subscriber
        hereby
        waives, and agrees not to assert in any such suit, action or proceeding,
        any
        claim that it is not personally subject to the jurisdiction of such court,
        that
        the suit, action or proceeding is brought in an inconvenient forum or that
        the
        venue of the suit, action or proceeding is improper. Nothing in this Section
        shall affect or limit any right to serve process in any other manner permitted
        by law.

       

      ARTICLE
        II

       

      DELIVERIES
        TO THE ESCROW AGENT

       

      2.1. Company
        Deliveries.
        On or
        before the Closing Date, the Company shall deliver the Company Documents
        to the
        Escrow Agent.

       

      2.2. Subscriber
        Deliveries.
        On or
        before the Closing Date, each Subscriber shall deliver to the Escrow Agent
        such
        Subscriber’s portion of the Purchase Price and the executed Subscription
        Agreement. The Escrowed Payment will be delivered pursuant to the following
        wire
        transfer instructions:

       

      Citibank,
        N.A.

      1155
        6th
        Avenue

      New
        York,
        NY 10036, USA

      ABA
        Number: 0210-00089

      For
        Credit to: Grushko & Mittman, IOLA Trust Account

      Account
        Number: 45208884

       

      2.3. Intention
        to Create Escrow Over Company Documents and Subscriber Documents.
        The
        Subscriber and Company intend that the Company Documents and Subscriber
        Documents shall be held in escrow by the Escrow Agent pursuant to this Agreement
        for their benefit as set forth herein.

       

      2.4. Escrow
        Agent to Deliver Company Documents and Subscriber Documents.
        The
        Escrow Agent shall hold and release the Company Documents and Subscriber
        Documents only in accordance with the terms and conditions of this
        Agreement.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      ARTICLE
        III

       

      RELEASE
        OF COMPANY DOCUMENTS AND SUBSCRIBER DOCUMENTS

       

      3.1. Release
        of Escrow.
        Subject
        to the provisions of Section 4.2, the Escrow Agent shall release the Company
        Documents and Subscriber Documents as follows:

       

      (a) On
        the
        Closing Date, the Escrow Agent will simultaneously release the Company Documents
        to the Subscriber and release the Subscriber Documents to the Company except
        that (i) the Broker’s Warrants and Due Diligence Fee will be released to the
        Broker; and (ii) Legal Fees will be released to Grushko & Mittman,
        P.C.

       

      (b) All
        funds
        to be delivered to the Company shall be delivered pursuant to the wire
        instructions to be provided in writing by the Company to the Escrow Agent.
        

       

      (c) Notwithstanding
        the above, upon receipt by the Escrow Agent of joint written instructions
        ("Joint Instructions") signed by the Company and the Subscriber, it shall
        deliver the Company Documents and Subscriber Documents in accordance with
        the
        terms of the Joint Instructions.

       

      (d) Notwithstanding
        the above, upon receipt by the Escrow Agent of a final and non-appealable
        judgment, order, decree or award of a court of competent jurisdiction (a
        "Court
        Order"), the Escrow Agent shall deliver the Company Documents and Subscriber
        Documents in accordance with the Court Order. Any Court Order shall be
        accompanied by an opinion of counsel for the party presenting the Court Order
        to
        the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent)
        to
        the effect that the court issuing the Court Order has competent jurisdiction
        and
        that the Court Order is final and non-appealable.

       

      3.2. Acknowledgement
        of Company and Subscriber; Disputes.
        The
        Company and the Subscriber acknowledge that the only terms and conditions
        upon
        which the Company Documents and Subscriber Documents are to be released are
        set
        forth in Sections 3 and 4 of this Agreement. The Company and the Subscriber
        reaffirm their agreement to abide by the terms and conditions of this Agreement
        with respect to the release of the Company Documents and Subscriber Documents.
        Any dispute with respect to the release of the Company Documents and Subscriber
        Documents shall be resolved pursuant to Section 4.2 or by agreement between
        the
        Company and Subscriber.

       

      ARTICLE
        IV

       

      CONCERNING
        THE ESCROW AGENT

       

      4.1. Duties
        and Responsibilities of the Escrow Agent.
        The
        Escrow Agent's duties and responsibilities shall be subject to the following
        terms and conditions:

       

      (a) The
        Subscriber and Company acknowledge and agree that the Escrow Agent (i) shall
        not
        be responsible for or bound by, and shall not be required to inquire into
        whether either the Subscriber or Company is entitled to receipt of the Company
        Documents and Subscriber Documents pursuant to, any other agreement or
        otherwise; (ii) shall be obligated only for the performance of such duties
        as
        are specifically assumed by the Escrow Agent pursuant to this Agreement;
        (iii)
        may rely on and shall be protected in acting or refraining from acting upon
        any
        written notice, instruction, instrument, statement, request or document
        furnished to it hereunder and believed by the Escrow Agent in good faith
        to be
        genuine and to have been signed or presented by the proper person or party,
        without being required to determine the authenticity or correctness of any
        fact
        stated therein or the propriety or validity or the service thereof; (iv)
        may
        assume that any person believed by the Escrow Agent in good faith to be
        authorized to give notice or make any statement or execute any document in
        connection with the provisions hereof is so authorized; (v) shall not be
        under
        any duty to give the property held by Escrow Agent hereunder any greater
        degree
        of care than Escrow Agent gives its own similar property; and (vi) may consult
        counsel satisfactory to Escrow Agent, the opinion of such counsel to be full
        and
        complete authorization and protection in respect of any action taken, suffered
        or omitted by Escrow Agent hereunder in good faith and in accordance with
        the
        opinion of such counsel.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      (b) The
        Subscriber and Company acknowledge that the Escrow Agent is acting solely
        as a
        stakeholder at their request and that the Escrow Agent shall not be liable
        for
        any action taken by Escrow Agent in good faith and believed by Escrow Agent
        to
        be authorized or within the rights or powers conferred upon Escrow Agent
        by this
        Agreement. The Subscriber and Company, jointly and severally, agree to indemnify
        and hold harmless the Escrow Agent and any of Escrow Agent's partners,
        employees, agents and representatives for any action taken or omitted to
        be
        taken by Escrow Agent or any of them hereunder, including the fees of outside
        counsel and other costs and expenses of defending itself against any claim
        or
        liability under this Agreement, except in the case of gross negligence or
        willful misconduct on Escrow Agent's part committed in its capacity as Escrow
        Agent under this Agreement. The Escrow Agent shall owe a duty only to the
        Subscriber and Company under this Agreement and to no other person.

       

      (c) The
        Subscriber and Company jointly and severally agree to reimburse the Escrow
        Agent
        for outside counsel fees, to the extent authorized hereunder and incurred
        in
        connection with the performance of its duties and responsibilities
        hereunder.

       

      (d) The
        Escrow Agent may at any time resign as Escrow Agent hereunder by giving five
        (5)
        days prior written notice of resignation to the Subscriber and the Company.
        Prior to the effective date of the resignation as specified in such notice,
        the
        Subscriber and Company will issue to the Escrow Agent a Joint Instruction
        authorizing delivery of the Company Documents and Subscriber Documents to
        a
        substitute Escrow Agent selected by the Subscriber and Company. If no successor
        Escrow Agent is named by the Subscriber and Company, the Escrow Agent may
        apply
        to a court of competent jurisdiction in the State of New York for appointment
        of
        a successor Escrow Agent, and to deposit the Company Documents and Subscriber
        Documents with the clerk of any such court.

       

      (e) The
        Escrow Agent does not have and will not have any interest in the Company
        Documents and Subscriber Documents, but is serving only as escrow agent,
        having
        only possession thereof. The Escrow Agent shall not be liable for any loss
        resulting from the making or retention of any investment in accordance with
        this
        Escrow Agreement.

       

      (f) This
        Agreement sets forth exclusively the duties of the Escrow Agent with respect
        to
        any and all matters pertinent thereto and no implied duties or obligations
        shall
        be read into this Agreement.

       

      (g) The
        Escrow Agent shall be permitted to act as counsel for the Subscriber in any
        dispute as to the disposition of the Company Documents and Subscriber Documents,
        in any other dispute between the Subscriber and Company, whether or not the
        Escrow Agent is then holding the Company Documents and Subscriber Documents
        and
        continues to act as the Escrow Agent hereunder.

       

      (h) The
        provisions of this Section 4.1 shall survive the resignation of the Escrow
        Agent
        or the termination of this Agreement.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      4.2. Dispute
        Resolution: Judgments.
        Resolution of disputes arising under this Agreement shall be subject to the
        following terms and conditions:

       

      (a) If
        any
        dispute shall arise with respect to the delivery, ownership, right of possession
        or disposition of the Company Documents and Subscriber Documents, or if the
        Escrow Agent shall in good faith be uncertain as to its duties or rights
        hereunder, the Escrow Agent shall be authorized, without liability to anyone,
        to
        (i) refrain from taking any action other than to continue to hold the Company
        Documents and Subscriber Documents pending receipt of a Joint Instruction
        from
        the Subscriber and Company, or (ii) deposit the Company Documents and Subscriber
        Documents with any court of competent jurisdiction in the State of New York,
        in
        which event the Escrow Agent shall give written notice thereof to the Subscriber
        and the Company and shall thereupon be relieved and discharged from all further
        obligations pursuant to this Agreement. The Escrow Agent may, but shall be
        under
        no duty to, institute or defend any legal proceedings which relate to the
        Company Documents and Subscriber Documents. The Escrow Agent shall have the
        right to retain counsel if it becomes involved in any disagreement, dispute
        or
        litigation on account of this Agreement or otherwise determines that it is
        necessary to consult counsel.

       

      (b) The
        Escrow Agent is hereby expressly authorized to comply with and obey any Court
        Order. In case the Escrow Agent obeys or complies with a Court Order, the
        Escrow
        Agent shall not be liable to the Subscriber and Company or to any other person,
        firm, corporation or entity by reason of such compliance.

       

      ARTICLE
        V

       

      GENERAL
        MATTERS

       

      5.1. Termination.
        This
        escrow shall terminate upon the release of all of the Company Documents and
        Subscriber Documents or at any time upon the agreement in writing of the
        Subscriber and Company.

       

      5.2. Notices.
        All
        notices, demands, requests, consents, approvals, and other communications
        required or permitted hereunder shall be in writing and, unless otherwise
        specified herein, shall be (i) personally served, (ii) deposited in the mail,
        registered or certified, return receipt requested, postage prepaid, (iii)
        delivered by reputable air courier service with charges prepaid, or (iv)
        transmitted by hand delivery, telegram, or facsimile, addressed as set forth
        below or to such other address as such party shall have specified most recently
        by written notice. Any notice or other communication required or permitted
        to be
        given hereunder shall be deemed effective (a) upon hand delivery or delivery
        by
        facsimile, with accurate confirmation generated by the transmitting facsimile
        machine, at the address or number designated below (if delivered on a business
        day during normal business hours where such notice is to be received), or
        the
        first business day following such delivery (if delivered other than on a
        business day during normal business hours where such notice is to be received)
        or (b) on the second business day following the date of mailing by express
        courier service, fully prepaid, addressed to such address, or upon actual
        receipt of such mailing, whichever shall first occur. The addresses for such
        communications shall be: 

       

      (a)
        If
        to the
        Company, to:

      

      China
        Broadband, Inc.

      1900
        Ninth Street, 3rd
        Floor

      Boulder,
        CO 80302

      Attn:
        Clive Ng, President

      Fax:
        (303)
        449-7799

      

      With
        a
        copy by facsimile only to:

      

      Hodgson
        Russ LLP

      1540
        Broadway, 24th
        Floor

      New
        York,
        NY 10036

      Attn:
        Ronniel Levy, Esq.

      Fax:
        (646) 943-7078

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      

      (b) If
        to the
        Subscribers, to: the addresses and fax numbers listed on Schedule A
        hereto

      

      (c) If
        to the
        Broker, to:

      

      Chardan
        Capital Markets, LLC

      17
        State
        Street, Suite 1610

      New
        York,
        NY 10004

      Attn:
        Kerry Propper, CEO

      Fax:
        (646) 465-9039

      

      (d) If
        to the
        Escrow Agent, to:

       

      Grushko
        & Mittman, P.C.

      551
        Fifth
        Avenue, Suite 1601

      New
        York,
        New York 10176

      Fax:
        212-697-3575

       

      or
        to
        such other address as any of them shall give to the others by notice made
        pursuant to this Section 5.2.

       

      5.3. Interest.
        The
        Escrowed Payment shall not be held in an interest bearing account nor will
        interest be payable in connection therewith. In the event the Escrowed Payment
        is deposited in an interest bearing account, each Subscriber shall be entitled
        to receive its pro rata
        portion
        of any accrued interest thereon, but only if the Escrow Agent receives from
        such
        Subscriber the Subscriber’s United States taxpayer identification number and
        other requested information and forms.

       

      5.4. Assignment;
        Binding Agreement.
        Neither
        this Agreement nor any right or obligation hereunder shall be assignable
        by any
        party without the prior written consent of the other parties hereto. This
        Agreement shall enure to the benefit of and be binding upon the parties hereto
        and their respective legal representatives, successors and assigns.

       

      5.5. Invalidity.
        In the
        event that any one or more of the provisions contained herein, or the
        application thereof in any circumstance, is held invalid, illegal, or
        unenforceable in any respect for any reason, the validity, legality and
        enforceability of any such provision in every other respect and of the remaining
        provisions contained herein shall not be in any way impaired thereby, it
        being
        intended that all of the rights and privileges of the parties hereto shall
        be
        enforceable to the fullest extent permitted by law.

       

      5.6. Counterparts/Execution.
        This
        Agreement may be executed in any number of counterparts and by different
        signatories hereto on separate counterparts, each of which, when so executed,
        shall be deemed an original, but all such counterparts shall constitute but
        one
        and the same instrument. This Agreement may be executed by facsimile
        transmission and delivered by facsimile transmission.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      5.7. Agreement.
        Each of
        the undersigned states that he has read the foregoing Funds Escrow Agreement
        and
        understands and agrees to it.

       

      
        	 	
                CHINA
                  BROADBAND, INC.

                the
                  “Company”

                

                 

                By:
                  /s/ Clive Ng__________________________

                Clive
                  Ng, President

              

      

      

      “SUBSCRIBERS”

      

        
          	
                  ________________________________________

                	
                  ______________________________________

                
	
                  PLATINUM
                    PARTNERS VALUE

                	
                  GLOBIS
                    CAPITAL PARTNERS, LP

                
	
                  ARBITRAGE
                    FUND, L.P.

                	 
	 	 
	
                  _______________________________________

                	
                  _______________________________________

                
	
                  GLOBIS
                    OVERSEAS FUND, LTD.

                	
                  GLOBIS
                    ASIA LLC

                
	 	 
	
                  _______________________________________

                	
                  _______________________________________

                
	
                  MARCIA
                    KREINBERG

                	
                  OLIVEIRA
                    CAPITAL, LLC

                
	 	 
	
                  ________________________________________

                	
                  _______________________________________

                
	
                  NICOLE
                    KUBIN

                	
                  SHAI
                    STERN

                
	 	 
	
                  ________________________________________

                	
                  _______________________________________

                
	
                  CRAIG
                    SAMUELS

                	
                  CHARDAN
                    CAPITAL MARKETS, LLC

                

        

      

      
        	 	
                ESCROW
                  AGENT:

                

                

                ______________________________________

                GRUSHKO
                  & MITTMAN, P.C.

              

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      SCHEDULE
        A TO FUNDS ESCROW AGREEMENT

       

      

        
          	
                  SUBSCRIBER

                	
                  ESCROWED
                    PAYMENT AND NOTE PRINCIPAL AMOUNT

                	
                  CLASS
                    A WARRANTS

                
	
                  PLATINUM
                    PARTNERS VALUE ARBITRAGE FUND, L.P.

                  152
                    West 57th
                    Street, 54th
                    Floor

                  New
                    York, NY 10019

                	
                  $1,500,000.00

                	
                  2,000,000

                
	
                  GLOBIS
                    CAPITAL PARTNERS, LP

                  60
                    Broad Street, 38th
                    Floor

                  New
                    York, NY 10004

                	
                  $325,000.00

                	
                  433,333

                
	
                  GLOBIS
                    OVERSEAS FUND, LTD.

                  60
                    Broad Street, 38th
                    Floor

                  New
                    York, NY 10004

                	
                  $100,000.00

                	
                  133,333

                
	
                  GLOBIS
                    ASIA LLC

                  1239
                    Veeder Drive

                  Hewlett,
                    New York 11557

                	
                  $125,000.00

                	
                  166,667

                
	
                  MARCIA
                    KREINBERG

                   

                   

                	
                  $50,000.00

                	
                  66,667

                
	
                  OLIVEIRA
                    CAPITAL, LLC

                  18
                    Fieldstone Court

                  New
                    City, NY 10956

                  Fax:
                    (845) 709-6065

                	
                  $2,000,000.00

                	
                  2,666,667

                
	
                  NICOLE
                    KUBIN

                  1155
                    Park Avenue

                  New
                    York, NY 10128

                	
                  $250,000.00

                	
                  333,333

                
	
                  SHAI
                    STERN

                  454
                    N. Fuller Aveue

                  Los
                    Angeles, CA 90036

                	
                  $100,000.00

                	
                  133,333

                
	
                  CRAIG
                    SAMUELS

                  13990
                    Rancho Dorado Bend

                  San
                    Diego, CA 92130

                	
                  $400,000.00

                	
                  533,333

                
	
                  CHARDAN
                    CAPITAL MARKETS, LLC

                  17
                    State Street, Suite 1610

                  New
                    York, NY 10004

                  Fax:
                    (646) 465-9039

                	
                  $121,250

                	
                  161,667

                
	
                  TOTALS

                	
                  $4,971,250.00

                	
                  6,628,333

                

        

      

      

      
        
          
          

        

        
          9

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