Document:

Unassociated Document

    EXHIBIT
      4.6

    

    THE
      SALE
      AND ISSUANCE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER
      THE SECURITIES LAW OF ANY STATE OR OTHER JURISDICTION. THESE SECURITIES HAVE
      BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH,
      THE
      DISTRIBUTION THEREOF. THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED, OR
      TRANSFERRED UNLESS (I) A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT
      AS TO
      THESE SECURITIES AND SUCH OFFER, SALE, PLEDGE, OR TRANSFER IS IN COMPLIANCE
      WITH
      APPLICABLE SECURITIES LAW OF ANY STATE OR OTHER JURISDICTION OR (II) THERE
      IS AN
      OPINION OF COUNSEL OR OTHER EVIDENCE, IN EITHER CASE, SATISFACTORY TO THE
      CORPORATION, THAT AN EXEMPTION THEREFROM IS AVAILABLE AND THAT SUCH OFFER,
      SALE,
      PLEDGE, OR TRANSFER IS IN COMPLIANCE WITH APPLICABLE SECURITIES LAW OF ANY
      STATE
      OR OTHER JURISDICTION. THE
      RECEIPT OF THIS WARRANT MAY RESULT IN TAXABLE INCOME TO YOU.  YOU SHOULD
      CONSULT YOUR ACCOUNTANT OR OTHER TAX ADVISOR REGARDING THE SPECIFIC TAX EFFECTS
      TO YOU OF THE RECEIPT OF THIS WARRANT 

    

    

    WARRANT
      TO PURCHASE COMMON STOCK

    of

    TRAVEL
      HUNT HOLDINGS, INC.

    

    

    This
      certifies that, for value received, FOUNTAINHEAD CAPITAL MANAGEMENT LIMITED
      ("Holder”) is entitled, subject to the terms set forth below, to purchase from
      TRAVEL HUNT HOLDINGS, INC.,
      a
      Delaware corporation (the “Company”), a number of shares of
      the
      Common Stock of the Company, par value $0.001 per share (the “Common Stock”)
      equal to one and 7/10 percent (1.7%) of the issued and outstanding Common Stock
      of the Company as of immediately after the closing of the Company’s next
      equity financing round in which the Company receives proceeds of at least
      $8,000,000 million (the “PIPE”),
      upon
      surrender hereof, at the principal office of the Company referred to below,
      with
      the Notice of Exercise form attached hereto duly executed, and simultaneous
      payment therefor in lawful money of the United States or otherwise as
      hereinafter provided, at the Exercise Price as set forth in Section 2 below;
      provided, however, if the PIPE has not been consummated on or before September
      30, 2008 (the “Outside Date”), then this Warrant shall become exercisable by the
      Holder for a total of 2,975,000 shares of Common Stock. The number, character
      and Exercise Price of such shares of Common Stock are subject to adjustment
      as
      provided below. If securities that are convertible, exchangeable or exercisable
      for Common Stock are issued in the PIPE, and such securities can be converted,
      exchanged or exercised for Common Stock without the payment of any additional
      consideration or for the payment of only nominal consideration, then the
      underlying shares of Common Stock issuable upon such conversion, exchange or
      exercise shall be deemed to be outstanding for purposes of calculating the
      number of shares issuable to the Holder hereunder. The term “Warrant”
      as used herein shall include this Warrant and any warrants delivered in
      substitution or exchange therefor as provided herein.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1. Term
      of Warrant.
      Subject
      to the terms and conditions set forth herein, this Warrant shall be exercisable,
      in whole or in part, during the term commencing on the earlier of the date
      that
      the PIPE is consummated or the Outside Date and ending at 5:00 p.m., Eastern
      Daylight Time, on fifth
      anniversary of the date hereof and
      shall
      be void thereafter.

    

    2. Exercise
      Price.
      The
      Exercise Price at which this Warrant may be exercised shall be equal
      to
      150% of the purchase price per share paid by the investors in the
      PIPE,
      as
      adjusted from time to time pursuant to Section 11 hereof (the “Exercise Price”).
      Notwithstanding the foregoing, (i) if securities other than the shares of Common
      Stock are issued in the PIPE, then the Exercise Price shall be deemed to be
      150%
      of the price attributable to a share of Common Stock at the valuation
      attributable to the Company in the PIPE on “post-money” basis, and (ii) if the
      PIPE is not consummated on or before the Outside Date, then the exercise price
      per share of Common Stock shall be 150% of the price attributable to a share
      of
      Common Stock at a $15,000,000 valuation.

    

    3. Exercise
      of Warrant.
      

    

    (a) The
      purchase rights represented by this Warrant are exercisable by the Holder in
      whole or in part, but not for more than the number of shares which may then
      constitute the maximum number purchasable (such number being subject to
      adjustment as provided in Section 11 below), at any time, or from time to time,
      during the term hereof as described in Section 1 above, by the surrender of
      this
      Warrant and the Notice of Exercise annexed hereto duly completed and executed
      on
      behalf of the Holder, at the office of the Company (or such other office or
      agency of the Company as it may designate by notice in writing to the Holder
      at
      the address of the Holder appearing on the books of the Company), upon payment
      in cash or by check acceptable to the Company of the purchase price of the
      shares of Common Stock to be purchased. 

     

    (b) This
      Warrant shall be deemed to have been exercised immediately prior to the close
      of
      business on the date of its surrender for exercise as provided above, and the
      person entitled to receive the shares of Common Stock issuable upon such
      exercise shall be treated for all purposes as the holder of record of such
      shares as of the close of business on such date. As promptly as practicable
      on
      or after such date and in any event within ten (10) days thereafter, the Company
      at its expense shall issue and deliver to the person or persons entitled to
      receive the same a certificate or certificates for the number of shares of
      Common Stock issuable upon such exercise. In the event that this Warrant is
      exercised in part, the Company at its expense will execute and deliver a new
      Warrant of like tenor exercisable for the number of shares for which this
      Warrant may then be exercised.

    

    4. Fractional
      Shares or Scrip.
      Fractional shares or scrip representing fractional shares may be issued upon
      the
      exercise of this Warrant.

    

    5. Replacement
      of Warrant.
      On
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Warrant and, in the case of loss, theft or
      destruction, on delivery of an indemnity agreement reasonably satisfactory
      in
      form and substance
      to the Company or, in the case of mutilation, on surrender and cancellation
      of
      this Warrant, the Company at its expense shall execute and deliver, in lieu
      of
      this Warrant, a new warrant of like tenor and amount.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    6. Rights
      of Stockholders.
      This
      Warrant shall not entitle its Holder to any of the rights of a stockholder
      of
      the Company.

    

    7. Restrictions
      on Transfer.
      The
      Holder of this Warrant by acceptance hereof agrees that this Warrant may not
      be
      transferred in whole or in part until the sooner of the consummation of the
      PIPE
      or the Outside Date and may only be transferred thereafter in compliance with
      all applicable federal and state securities laws.

    

    8. Reservation
      of Stock.
      The
      Company covenants that during the term this Warrant is exercisable, the Company
      will reserve from its authorized and unissued Common Stock a sufficient number
      of shares to provide for the issuance of Common Stock upon the exercise of
      this
      Warrant and, from time to time, will take all steps necessary to amend its
      certificate of incorporation as amended (the “Certificate”) to provide
      sufficient reserves of shares of Common Stock issuable upon exercise of the
      Warrant. The Company further covenants that all shares that may be issued upon
      the exercise of rights represented by this Warrant and payment of the Exercise
      Price, all as set forth herein, will be free from all taxes, liens and charges
      in respect of the issue thereof (other than taxes in respect of any transfer
      occurring contemporaneously or otherwise specified herein). The Company agrees
      that its issuance of this Warrant shall constitute full authority to its
      officers who are charged with the duty of executing stock certificates to
      execute and issue the necessary certificates for shares of Common Stock upon
      the
      exercise of this Warrant. Notwithstanding the foregoing, the Holder acknowledges
      that as of the date hereof, the Company does not have sufficient authorized
      Common Stock to reserve for issuance upon the exercise hereof. The Company
      shall
      amend its certificate of incorporation to increase the number of authorized
      shares as soon as practicable, but in any event within ninety (90) days, so
      that
      there shall be sufficient authorized shares to make the reservation required
      by
      this Section 8. Notwithstanding any other provision hereof to the contrary,
      the
      Holder shall not be entitled to exercise this Warrant unless and until the
      Company has sufficient authorized shares of Common Stock. 

    

    9. Notices.

    

    (a) Whenever
      the Exercise Price or number of shares of Common Stock purchasable hereunder
      shall be adjusted pursuant to Section 11 hereof, the Company shall issue a
      certificate signed by its Chief Financial Officer setting forth, in reasonable
      detail, the event requiring the adjustment, the amount of the adjustment, the
      method by which such adjustment was calculated, and the Exercise Price and
      number of shares purchasable hereunder after giving effect to such adjustment,
      and shall cause a copy of such certificate to be mailed (by first-class mail,
      postage prepaid) to the Holder of this Warrant.

    

    (b) In
      case:

    

    (i) the
      Company shall take a record of the holders of its Common Stock (or other
      stock or securities at the time receivable upon the exercise of this Warrant)
      for the purpose of entitling them to receive any dividend or other distribution,
      or any right to subscribe for or purchase any shares of stock of any class
      or
      any other securities, or to receive any other right, or

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (ii) of
      any
      capital reorganization of the Company, any reclassification of the capital
      stock
      of the Company, any consolidation or merger of the Company with or into another
      corporation, or any conveyance of at least 51% of the assets of the Company
      to
      another corporation, or

    

    (iii) of
      any
      voluntary dissolution, liquidation or winding-up of the Company,

    

    then,
      and
      in each such case, the Company will mail or cause to be mailed to the Holder
      or
      Holders a notice specifying, as the case may be, (A) the date on which a record
      is to be taken for the purpose of such dividend, distribution or right, and
      stating the amount and character of such dividend, distribution or right, or
      (B)
      the date on which such reorganization, reclassification, consolidation, merger,
      conveyance, dissolution, liquidation or winding-up is to take place, and the
      time, if any is to be fixed, as of which the holders of record of Common Stock
      (or such stock or securities at the time receivable upon the exercise of this
      Warrant) shall be entitled to exchange their shares of Common Stock (or such
      other stock or securities) for securities or other property deliverable upon
      such reorganization, reclassification, consolidation, merger, conveyance,
      dissolution, liquidation or winding-up. Such notice shall be mailed at least
      15
      days prior to the date therein specified.

    

    (c) All
      such
      notices, advices and communications shall be deemed to have been received (i)
      in
      the case of personal delivery, on the date of such delivery and (ii) in the
      case
      of mailing, on the third business day following the date of such
      mailing.

    

    10. Amendments.

    

    (a) Any
      term
      of this Warrant may be amended with the written consent of the Company and
      the
      Holder. 

    

    (b) No
      waivers of, or exceptions to, any term, condition or provision of this Warrant,
      in any one or more instances, shall be deemed to be, or construed as, a further
      or continuing waiver of any such term, condition or provision.

    

    11. Adjustments.
      The
      Exercise Price and the number of shares purchasable hereunder are subject to
      adjustment from time to time as follows:

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    (a) Merger,
      Sales of Assets, etc.
      If at
      any time while this Warrant, or any portion thereof, is outstanding and
      unexpired there shall be (i) a reorganization (other than a combination,
      reclassification, exchange or subdivision of shares otherwise provided for
      herein), (ii) a merger or consolidation of the Company with or into another
      corporation in which the Company is not the surviving entity, or a reverse
      triangular merger in which the Company is the surviving entity but the shares
      of
      the Company’s capital stock outstanding immediately prior to the merger are
      converted by virtue of the merger into other property, whether in the form
      of
      securities, cash, or otherwise,
      or (iii) a sale or transfer of the Company’s properties and assets as, or
      substantially as, an entirety to any other person, then, as a part of such
      reorganization, merger, consolidation, sale or transfer, lawful provision shall
      be made so that the holder of this Warrant shall thereafter be entitled to
      receive upon exercise of this Warrant, during the period specified herein and
      upon payment of the Exercise Price then in effect, the number of shares of
      stock
      or other securities or property of the successor corporation resulting from
      such
      reorganization, merger, consolidation, sale or transfer that a holder of the
      shares deliverable upon exercise of this Warrant would have been entitled to
      receive in such reorganization, consolidation, merger, sale or transfer if
      this
      Warrant had been exercised immediately before such reorganization, merger,
      consolidation, sale or transfer, all subject to further adjustment as provided
      in this Section 11. The foregoing provisions of this Section 11(a) shall
      similarly apply to successive reorganizations, consolidations, mergers, sales
      and transfers and to the stock or securities of any other corporation that
      are
      at the time receivable upon the exercise of this Warrant. If the per-share
      consideration payable to the holder hereof for shares in connection with any
      such transaction is in a form other than cash or marketable securities, then
      the
      value of such consideration shall be determined in good faith by the Company’s
      Board of Directors. In all events, appropriate adjustment (as determined in
      good
      faith by the Company’s Board of Directors) shall be made in the application of
      the provisions of this Warrant with respect to the rights and interests of
      the
      Holder after the transaction, to the end that the provisions of this Warrant
      shall be applicable after that event, as near as reasonably may be, in relation
      to any shares or other property deliverable after that event upon exercise
      of
      this Warrant.

    

    (b) Reclassification,
      etc.
      If the
      Company, at any time while this Warrant, or any portion hereof, remains
      outstanding and unexpired by reclassification of securities or otherwise, shall
      change any of the securities as to which purchase rights under this Warrant
      exist into the same or a different number of securities of any other class
      or
      classes, this Warrant shall thereafter represent the right to acquire such
      number and kind of securities as would have been issuable as the result of
      such
      change with respect to the securities that were subject to the purchase rights
      under this Warrant immediately prior to such reclassification or other change
      and the Exercise Price therefor shall be appropriately adjusted, all subject
      to
      further adjustment as provided in this Section 11. 

    

    (c) Split,
      Subdivision or Combination of Shares.
      If the
      Company at any time while this Warrant, or any portion hereof, remains
      outstanding and unexpired shall split, subdivide or combine the securities
      as to
      which purchase rights under this Warrant exist, into a different number of
      securities of the same class, (i) the number of shares of Common Stock or other
      securities issuable upon the exercise of this Warrant shall be proportionately
      increased in the case of a split or subdivision or proportionately decreased
      in
      the case of a combination and (ii) the Exercise Price for such securities shall
      be proportionately decreased in the case of a split or subdivision or
      proportionately increased in the case of a combination.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (d) Adjustments
      for Dividends in Stock or Other Securities or Property.
      If
      while this Warrant, or any portion hereof, remains outstanding and unexpired
      the
      holders of the securities as to which purchase rights under this Warrant exist
      at the time shall have received, or, on or after the record date fixed for
      the
      determination of eligible stockholders, shall have become entitled to receive,
      without payment therefor, other or additional stock or other securities or
      property (other than cash) of the Company by way of dividend, then and in each
      case, this Warrant shall represent the
      right
      to acquire, in addition to the number of shares of the security receivable
      upon
      exercise of this Warrant, and without payment of any additional consideration
      therefor, the amount of such other or additional stock or other securities
      or
      property (other than cash) of the Company that such holder would hold on the
      date of such exercise had it been the holder of record of the security
      receivable upon exercise of this Warrant on the date hereof and had thereafter,
      during the period from the date hereof to and including the date of such
      exercise, retained such shares and/or all other additional stock available
      by it
      as aforesaid during such period, giving effect to all adjustments called for
      during such period by the provisions of this Section 11.

    

    (e) Subsequent
      Equity Sales.
      If the
      Company at any time during the twenty-four (24) month period following the
      issuance of this Warrant and ending on the date that the PIPE is consummated,
      shall sell or grant any option to purchase or sell or grant any right to reprice
      its securities, or otherwise dispose of or issue (or announce any offer, sale,
      grant or any option to purchase or other disposition) any Common Stock or Common
      Stock Equivalents entitling any person to acquire shares of Common Stock, at
      an
      effective price per share less than the then Exercise Price (such lower price,
      the “Base Share Price” and such issuances collectively, a “Dilutive Issuance”)
      (if the holder of the Common Stock or Common Stock Equivalents so issued shall
      at any time, whether by operation of purchase price adjustments, reset
      provisions, floating conversion, exercise or exchange prices or otherwise,
      or
      due to warrants, options or rights per share which are issued in connection
      with
      such issuance, be entitled to receive shares of Common Stock at an effective
      price per share which is less than the Exercise Price, such issuance shall
      be
      deemed to have occurred for less than the Exercise Price on such date of the
      Dilutive Issuance), then the Exercise Price shall be reduced and only reduced
      to
      equal 150% of the Base Share Price. Such adjustment shall be made whenever
      such
      Common Stock or Common Stock Equivalents are issued. Notwithstanding the
      foregoing, no adjustments shall be made, paid or issued under this Section
      3(b)
      in respect of an Exempt Issuance. For purposes of this Section, “Common Stock
      Equivalents” means any securities of the Company which would entitle the holder
      thereof to acquire at any time Common Stock, including, without limitation,
      any
      debt, preferred stock, rights, options, warrants or other instrument that is
      at
      any time convertible into or exercisable or exchangeable for, or otherwise
      entitles the holder thereof to receive, Common Stock; and “Exempt Issuance”
means the issuance of (a) shares of Common Stock or options to employees,
      officers or directors of the Company pursuant to any stock or option plan duly
      adopted by a majority of the non-employee members of the Board of Directors
      of
      the Company or a majority of the members of a committee of non-employee
      directors established for such purpose, (b) securities upon the exercise or
      exchange of any securities issued in connection with this Warrant or any other
      transactions involving the initial holder hereof and/or securities exercisable
      or exchangeable for or convertible into shares of Common Stock issued and
      outstanding on the date hereof, provided that such securities have not been
      amended since the date of this Agreement to increase the number of such
      securities or to decrease the exercise, exchange or conversion price of any
      such
      securities, and (c) securities issued pursuant to acquisitions or strategic
      transactions approved by a majority of the disinterested directors, provided
      any
      such issuance shall only be to a person which is, itself or through its
      subsidiaries, an operating company in a business synergistic with the business
      of the Company and in which the Company receives benefits in addition to the
      investment of funds, but shall not include a transaction in which the Company
      is
      issuing securities primarily for the purpose of raising capital or to an entity
      whose primary business is investing in securities..

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    (f) Certificate
      as to Adjustments.
      Upon
      the occurrence of each adjustment or readjustment pursuant to this Section
      11,
      the Company at its expense shall promptly compute such adjustment or
      readjustment in accordance with the terms hereof and furnish to each Holder
      of
      this Warrant a certificate setting forth such adjustment or readjustment and
      showing in detail the facts upon which such adjustment or readjustment is based.
      The Company shall, upon the written request, at any time, of any such Holder,
      furnish or cause to be furnished to such Holder a like certificate setting
      forth: (i) such adjustments and readjustments; (ii) the Exercise Price at the
      time in effect; and (iii) the number of shares and the amount, if any, of other
      property that at the time would be received upon the exercise of the
      Warrant.

    

    (g) No
      Impairment.
      The
      Company will not, by any voluntary action, avoid or seek to avoid the observance
      or performance of any of the terms to be observed or performed hereunder by
      the
      Company, but will at all times in good faith assist in the carrying out of
      all
      the provisions of this Section 11 and in the taking of all such action as may
      be
      necessary or appropriate in order to protect the rights of the Holder of this
      Warrant against impairment.

    

    12. Miscellaneous.

    

    (a) Governing
      Law.
      This
      Warrant shall be governed by and construed according to the laws of the State
      of
      Delaware without regard to its conflicts of law principles.

    

    (b) References.
      Unless
      the context otherwise requires, any reference to a “Section” refers to a section
      of this Warrant. Any reference to “this Section” refers to the whole number
      section in which such reference is contained.

     

    
 

    [signature
      page follows]

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, Travel Hunt Holdings, Inc., has caused this Warrant to be
      executed by its officers thereunto duly authorized as of March 28,
      2008.

    
 

    
      
        	
                TRAVEL
                  HUNT HOLDINGS, INC.

              
	 
	
                By:

              	
                /s/
                  Jaiji Shang

              
	
                Name:

              	
                Jaiji
                  Shang

              
	
                Title:

              	
                President
                  and CEO

              

      

     

    
      [Signature
        Page to Fountainhead Warrant]

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

      NOTICE
        OF EXERCISE

       

    

    

    TO: TRAVEL
      HUNT HOLDINGS, INC.

    

    (1) The
      undersigned hereby (A) elects to purchase _____ shares of Common Stock of Travel
      Hunt Holdings, Inc., pursuant to the provisions of Section 3(a) of the attached
      Warrant, and tenders herewith payment of the purchase price for such shares
      in
      full.

    

    (2) In
      exercising this Warrant, the undersigned hereby confirms and acknowledges that
      the shares of Common Stock are being acquired solely for the account of the
      undersigned and not as a nominee for any other party, and for investment, and
      that the undersigned will not offer, sell or otherwise dispose of any such
      shares of Common Stock except under circumstances that will not result in a
      violation of the Securities Act of 1933, as amended, or any applicable state
      securities laws.

    

    (3) Please
      issue a certificate or certificates representing said shares of Common Stock
      in
      the name of the undersigned or in such other name as is specified
      below:

     

    
      
        	
                      
                  

              
	
                (Name)

              
	 
	
                    
                  

              
	
                (Name)

              

      

       

    

    (4) Please
      issue a new Warrant for the unexercised portion of the attached Warrant in
      the
      name of the undersigned or in such other name as is specified
      below:

    
      	
               

            	 	     

	
               

            	 	(Name) 
	 	 	 
	 	 	 
	
               

            	
            	 	
                  
                

            
	
              (Date)

            	 	
              (Signature)

            

    

     

     

     

    

    [Signature
      Page to Fountainhead
      Warrant]Unassociated Document

    EXHIBIT
      4.7

    

    THE
      SALE
      AND ISSUANCE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER
      THE SECURITIES LAW OF ANY STATE OR OTHER JURISDICTION. THESE SECURITIES HAVE
      BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH,
      THE
      DISTRIBUTION THEREOF. THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED, OR
      TRANSFERRED UNLESS (I) A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT
      AS TO
      THESE SECURITIES AND SUCH OFFER, SALE, PLEDGE, OR TRANSFER IS IN COMPLIANCE
      WITH
      APPLICABLE SECURITIES LAW OF ANY STATE OR OTHER JURISDICTION OR (II) THERE
      IS AN
      OPINION OF COUNSEL OR OTHER EVIDENCE, IN EITHER CASE, SATISFACTORY TO THE
      CORPORATION, THAT AN EXEMPTION THEREFROM IS AVAILABLE AND THAT SUCH OFFER,
      SALE,
      PLEDGE, OR TRANSFER IS IN COMPLIANCE WITH APPLICABLE SECURITIES LAW OF ANY
      STATE
      OR OTHER JURISDICTION. THE
      RECEIPT OF THIS WARRANT MAY RESULT IN TAXABLE INCOME TO YOU.  YOU SHOULD
      CONSULT YOUR ACCOUNTANT OR OTHER TAX ADVISOR REGARDING THE SPECIFIC TAX EFFECTS
      TO YOU OF THE RECEIPT OF THIS WARRANT 

    

    

    WARRANT
      TO PURCHASE COMMON STOCK

    of

    TRAVEL
      HUNT HOLDINGS, INC.

    

    

    This
      certifies that, for value received, LA PERGOLA INVESTMENTS LIMITED (“Holder”) is
      entitled, subject to the terms set forth below, to purchase from TRAVEL HUNT
      HOLDINGS, INC., a Delaware corporation (the “Company”), a number of
      shares of
      the
      Common Stock of the Company, par value $0.001 per share (the “Common Stock”)
      equal to 3/10 percent (0.3%) of the issued and outstanding Common Stock of
      the
      Company as of immediately after the closing of the Company’s next
      equity financing round in which the Company receives proceeds of at least
      $8,000,000 million (the “PIPE”),
      upon
      surrender hereof, at the principal office of the Company referred to below,
      with
      the Notice of Exercise form attached hereto duly executed, and simultaneous
      payment therefor in lawful money of the United States or otherwise as
      hereinafter provided, at the Exercise Price as set forth in Section 2 below;
      provided, however, if the PIPE has not been consummated on or before September
      30, 2008 (the “Outside Date”), then this Warrant shall become exercisable by the
      Holder for a total of 525,000 shares of Common Stock. The number, character
      and
      Exercise Price of such shares of Common Stock are subject to adjustment as
      provided below. If securities that are convertible, exchangeable or exercisable
      for Common Stock are issued in the PIPE, and such securities can be converted,
      exchanged or exercised for Common Stock without the payment of any additional
      consideration or for the payment of only nominal consideration, then the
      underlying shares of Common Stock issuable upon such conversion, exchange or
      exercise shall be deemed to be outstanding for purposes of calculating the
      number of shares issuable to the Holder hereunder. The term “Warrant” as used
herein
      shall include this Warrant and any warrants delivered in substitution or
      exchange therefor as provided herein.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1. Term
      of Warrant.
      Subject
      to the terms and conditions set forth herein, this Warrant shall be exercisable,
      in whole or in part, during the term commencing on the earlier of the date
      that
      the PIPE is consummated or the Outside Date and ending at 5:00 p.m., Eastern
      Daylight Time, on fifth
      anniversary of the date hereof and
      shall
      be void thereafter.

    

    2. Exercise
      Price.
      The
      Exercise Price at which this Warrant may be exercised shall be equal
      to
      150% of the purchase price per share paid by the investors in the
      PIPE,
      as
      adjusted from time to time pursuant to Section 11 hereof (the “Exercise Price”).
      Notwithstanding the foregoing, (i) if securities other than the shares of Common
      Stock are issued in the PIPE, then the Exercise Price shall be deemed to be
      150%
      of the price attributable to a share of Common Stock at the valuation
      attributable to the Company in the PIPE on “post-money” basis, and (ii) if the
      PIPE is not consummated on or before the Outside Date, then the exercise price
      per share of Common Stock shall be 150% of the price attributable to a share
      of
      Common Stock at a $15,000,000 valuation. 

    

    3. Exercise
      of Warrant.
      

    

    (a) The
      purchase rights represented by this Warrant are exercisable by the Holder in
      whole or in part, but not for more than the number of shares which may then
      constitute the maximum number purchasable (such number being subject to
      adjustment as provided in Section 11 below), at any time, or from time to time,
      during the term hereof as described in Section 1 above, by the surrender of
      this
      Warrant and the Notice of Exercise annexed hereto duly completed and executed
      on
      behalf of the Holder, at the office of the Company (or such other office or
      agency of the Company as it may designate by notice in writing to the Holder
      at
      the address of the Holder appearing on the books of the Company), upon payment
      in cash or by check acceptable to the Company of the purchase price of the
      shares of Common Stock to be purchased.

     

    (b) This
      Warrant shall be deemed to have been exercised immediately prior to the close
      of
      business on the date of its surrender for exercise as provided above, and the
      person entitled to receive the shares of Common Stock issuable upon such
      exercise shall be treated for all purposes as the holder of record of such
      shares as of the close of business on such date. As promptly as practicable
      on
      or after such date and in any event within ten (10) days thereafter, the Company
      at its expense shall issue and deliver to the person or persons entitled to
      receive the same a certificate or certificates for the number of shares of
      Common Stock issuable upon such exercise. In the event that this Warrant is
      exercised in part, the Company at its expense will execute and deliver a new
      Warrant of like tenor exercisable for the number of shares for which this
      Warrant may then be exercised.

    

    4. Fractional
      Shares or Scrip.
      Fractional shares or scrip representing fractional shares may be issued upon
      the
      exercise of this Warrant.

    

    5. Replacement
      of Warrant.
      On
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Warrant and, in the case of loss, theft or
      destruction, on delivery of an indemnity agreement reasonably satisfactory
      in
      form and substance
      to the Company or, in the case of mutilation, on surrender and cancellation
      of
      this Warrant, the Company at its expense shall execute and deliver, in lieu
      of
      this Warrant, a new warrant of like tenor and amount.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    6. Rights
      of Stockholders.
      This
      Warrant shall not entitle its Holder to any of the rights of a stockholder
      of
      the Company.

    

    7. Restrictions
      on Transfer.
      The
      Holder of this Warrant by acceptance hereof agrees that this Warrant may not
      be
      transferred in whole or in part until the sooner of the consummation of the
      PIPE
      or the Outside Date and may only be transferred thereafter in compliance with
      all applicable federal and state securities laws.

    

    8. Reservation
      of Stock.
      The
      Company covenants that during the term this Warrant is exercisable, the Company
      will reserve from its authorized and unissued Common Stock a sufficient number
      of shares to provide for the issuance of Common Stock upon the exercise of
      this
      Warrant and, from time to time, will take all steps necessary to amend its
      certificate of incorporation as amended (the “Certificate”) to provide
      sufficient reserves of shares of Common Stock issuable upon exercise of the
      Warrant. The Company further covenants that all shares that may be issued upon
      the exercise of rights represented by this Warrant and payment of the Exercise
      Price, all as set forth herein, will be free from all taxes, liens and charges
      in respect of the issue thereof (other than taxes in respect of any transfer
      occurring contemporaneously or otherwise specified herein). The Company agrees
      that its issuance of this Warrant shall constitute full authority to its
      officers who are charged with the duty of executing stock certificates to
      execute and issue the necessary certificates for shares of Common Stock upon
      the
      exercise of this Warrant. Notwithstanding the foregoing, the Holder acknowledges
      that as of the date hereof, the Company does not have sufficient authorized
      Common Stock to reserve for issuance upon the exercise hereof. The Company
      shall
      amend its certificate of incorporation to increase the number of authorized
      shares as soon as practicable, but in any event within ninety (90) days, so
      that
      there shall be sufficient authorized shares to make the reservation required
      by
      this Section 8. Notwithstanding any other provision hereof to the contrary,
      the
      Holder shall not be entitled to exercise this Warrant unless and until the
      Company has sufficient authorized shares of Common Stock. 

    

    9. Notices.

    

    (a) Whenever
      the Exercise Price or number of shares of Common Stock purchasable hereunder
      shall be adjusted pursuant to Section 11 hereof, the Company shall issue a
      certificate signed by its Chief Financial Officer setting forth, in reasonable
      detail, the event requiring the adjustment, the amount of the adjustment, the
      method by which such adjustment was calculated, and the Exercise Price and
      number of shares purchasable hereunder after giving effect to such adjustment,
      and shall cause a copy of such certificate to be mailed (by first-class mail,
      postage prepaid) to the Holder of this Warrant.

    

    (b) In
      case:

    

    (i) the
      Company shall take a record of the holders of its Common Stock (or other
      stock or securities at the time receivable upon the exercise of this Warrant)
      for the purpose of entitling them to receive any dividend or other distribution,
      or any right to subscribe for or purchase any shares of stock of any class
      or
      any other securities, or to receive any other right, or

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (ii) of
      any
      capital reorganization of the Company, any reclassification of the capital
      stock
      of the Company, any consolidation or merger of the Company with or into another
      corporation, or any conveyance of at least 51% of the assets of the Company
      to
      another corporation, or

    

    (iii) of
      any
      voluntary dissolution, liquidation or winding-up of the Company,

    

    then,
      and
      in each such case, the Company will mail or cause to be mailed to the Holder
      or
      Holders a notice specifying, as the case may be, (A) the date on which a record
      is to be taken for the purpose of such dividend, distribution or right, and
      stating the amount and character of such dividend, distribution or right, or
      (B)
      the date on which such reorganization, reclassification, consolidation, merger,
      conveyance, dissolution, liquidation or winding-up is to take place, and the
      time, if any is to be fixed, as of which the holders of record of Common Stock
      (or such stock or securities at the time receivable upon the exercise of this
      Warrant) shall be entitled to exchange their shares of Common Stock (or such
      other stock or securities) for securities or other property deliverable upon
      such reorganization, reclassification, consolidation, merger, conveyance,
      dissolution, liquidation or winding-up. Such notice shall be mailed at least
      15
      days prior to the date therein specified.

    

    (c) All
      such
      notices, advices and communications shall be deemed to have been received (i)
      in
      the case of personal delivery, on the date of such delivery and (ii) in the
      case
      of mailing, on the third business day following the date of such
      mailing.

    

    10. Amendments.

    

    (a) Any
      term
      of this Warrant may be amended with the written consent of the Company and
      the
      Holder. 

    

    (b) No
      waivers of, or exceptions to, any term, condition or provision of this Warrant,
      in any one or more instances, shall be deemed to be, or construed as, a further
      or continuing waiver of any such term, condition or provision.

    

    11. Adjustments.
      The
      Exercise Price and the number of shares purchasable hereunder are subject to
      adjustment from time to time as follows:

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    (a) Merger,
      Sales of Assets, etc.
      If at
      any time while this Warrant, or any portion thereof, is outstanding and
      unexpired there shall be (i) a reorganization (other than a combination,
      reclassification, exchange or subdivision of shares otherwise provided for
      herein), (ii) a merger or consolidation of the Company with or into another
      corporation in which the Company is not the surviving entity, or a reverse
      triangular merger in which the Company is the surviving entity but the shares
      of
      the Company’s capital stock outstanding immediately prior to the merger are
      converted by virtue of the merger into other property, whether in the form
      of
      securities, cash, or otherwise,
      or (iii) a sale or transfer of the Company’s properties and assets as, or
      substantially as, an entirety to any other person, then, as a part of such
      reorganization, merger, consolidation, sale or transfer, lawful provision shall
      be made so that the holder of this Warrant shall thereafter be entitled to
      receive upon exercise of this Warrant, during the period specified herein and
      upon payment of the Exercise Price then in effect, the number of shares of
      stock
      or other securities or property of the successor corporation resulting from
      such
      reorganization, merger, consolidation, sale or transfer that a holder of the
      shares deliverable upon exercise of this Warrant would have been entitled to
      receive in such reorganization, consolidation, merger, sale or transfer if
      this
      Warrant had been exercised immediately before such reorganization, merger,
      consolidation, sale or transfer, all subject to further adjustment as provided
      in this Section 11. The foregoing provisions of this Section 11(a) shall
      similarly apply to successive reorganizations, consolidations, mergers, sales
      and transfers and to the stock or securities of any other corporation that
      are
      at the time receivable upon the exercise of this Warrant. If the per-share
      consideration payable to the holder hereof for shares in connection with any
      such transaction is in a form other than cash or marketable securities, then
      the
      value of such consideration shall be determined in good faith by the Company’s
      Board of Directors. In all events, appropriate adjustment (as determined in
      good
      faith by the Company’s Board of Directors) shall be made in the application of
      the provisions of this Warrant with respect to the rights and interests of
      the
      Holder after the transaction, to the end that the provisions of this Warrant
      shall be applicable after that event, as near as reasonably may be, in relation
      to any shares or other property deliverable after that event upon exercise
      of
      this Warrant.

    

    (b) Reclassification,
      etc.
      If the
      Company, at any time while this Warrant, or any portion hereof, remains
      outstanding and unexpired by reclassification of securities or otherwise, shall
      change any of the securities as to which purchase rights under this Warrant
      exist into the same or a different number of securities of any other class
      or
      classes, this Warrant shall thereafter represent the right to acquire such
      number and kind of securities as would have been issuable as the result of
      such
      change with respect to the securities that were subject to the purchase rights
      under this Warrant immediately prior to such reclassification or other change
      and the Exercise Price therefor shall be appropriately adjusted, all subject
      to
      further adjustment as provided in this Section 11. 

    

    (c) Split,
      Subdivision or Combination of Shares.
      If the
      Company at any time while this Warrant, or any portion hereof, remains
      outstanding and unexpired shall split, subdivide or combine the securities
      as to
      which purchase rights under this Warrant exist, into a different number of
      securities of the same class, (i) the number of shares of Common Stock or other
      securities issuable upon the exercise of this Warrant shall be proportionately
      increased in the case of a split or subdivision or proportionately decreased
      in
      the case of a combination and (ii) the Exercise Price for such securities shall
      be proportionately decreased in the case of a split or subdivision or
      proportionately increased in the case of a combination.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (d) Adjustments
      for Dividends in Stock or Other Securities or Property.
      If
      while this Warrant, or any portion hereof, remains outstanding and unexpired
      the
      holders of the securities as to which purchase rights under this Warrant exist
      at the time shall have received, or, on or after the record date fixed for
      the
      determination of eligible stockholders, shall have become entitled to receive,
      without payment therefor, other or additional stock or other securities or
      property (other than cash) of the Company by way of dividend, then and in each
      case, this Warrant shall represent the
      right
      to acquire, in addition to the number of shares of the security receivable
      upon
      exercise of this Warrant, and without payment of any additional consideration
      therefor, the amount of such other or additional stock or other securities
      or
      property (other than cash) of the Company that such holder would hold on the
      date of such exercise had it been the holder of record of the security
      receivable upon exercise of this Warrant on the date hereof and had thereafter,
      during the period from the date hereof to and including the date of such
      exercise, retained such shares and/or all other additional stock available
      by it
      as aforesaid during such period, giving effect to all adjustments called for
      during such period by the provisions of this Section 11.

    

    (e) Subsequent
      Equity Sales.
      If the
      Company at any time during the twenty-four (24) month period following the
      issuance of this Warrant and ending on the date that the PIPE is consummated,
      shall sell or grant any option to purchase or sell or grant any right to reprice
      its securities, or otherwise dispose of or issue (or announce any offer, sale,
      grant or any option to purchase or other disposition) any Common Stock or Common
      Stock Equivalents entitling any person to acquire shares of Common Stock, at
      an
      effective price per share less than the then Exercise Price (such lower price,
      the “Base Share Price” and such issuances collectively, a “Dilutive Issuance”)
      (if the holder of the Common Stock or Common Stock Equivalents so issued shall
      at any time, whether by operation of purchase price adjustments, reset
      provisions, floating conversion, exercise or exchange prices or otherwise,
      or
      due to warrants, options or rights per share which are issued in connection
      with
      such issuance, be entitled to receive shares of Common Stock at an effective
      price per share which is less than the Exercise Price, such issuance shall
      be
      deemed to have occurred for less than the Exercise Price on such date of the
      Dilutive Issuance), then the Exercise Price shall be reduced and only reduced
      to
      equal 150% of the Base Share Price. Such adjustment shall be made whenever
      such
      Common Stock or Common Stock Equivalents are issued. Notwithstanding the
      foregoing, no adjustments shall be made, paid or issued under this Section
      3(b)
      in respect of an Exempt Issuance. For purposes of this Section, “Common Stock
      Equivalents” means any securities of the Company which would entitle the holder
      thereof to acquire at any time Common Stock, including, without limitation,
      any
      debt, preferred stock, rights, options, warrants or other instrument that is
      at
      any time convertible into or exercisable or exchangeable for, or otherwise
      entitles the holder thereof to receive, Common Stock; and “Exempt Issuance”
means the issuance of (a) shares of Common Stock or options to employees,
      officers or directors of the Company pursuant to any stock or option plan duly
      adopted by a majority of the non-employee members of the Board of Directors
      of
      the Company or a majority of the members of a committee of non-employee
      directors established for such purpose, (b) securities upon the exercise or
      exchange of any securities issued in connection with this Warrant or any other
      transactions involving the initial holder hereof and/or securities exercisable
      or exchangeable for or convertible into shares of Common Stock issued and
      outstanding on the date hereof, provided that such securities have not been
      amended since the date of this Agreement to increase the number of such
      securities or to decrease the exercise, exchange or conversion price of any
      such
      securities, and (c) securities issued pursuant to acquisitions or strategic
      transactions approved by a majority of the disinterested directors, provided
      any
      such issuance shall only be to a person which is, itself or through its
      subsidiaries, an operating company in a business synergistic with the business
      of the Company and in which the Company receives benefits in addition to the
      investment of funds, but shall not include a transaction in which the Company
      is
      issuing securities primarily for the purpose of raising capital or to an entity
      whose primary business is investing in securities.

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    (f) Certificate
      as to Adjustments.
      Upon
      the occurrence of each adjustment or readjustment pursuant to this Section
      11,
      the Company at its expense shall promptly compute such adjustment or
      readjustment in accordance with the terms hereof and furnish to each Holder
      of
      this Warrant a certificate setting forth such adjustment or readjustment and
      showing in detail the facts upon which such adjustment or readjustment is based.
      The Company shall, upon the written request, at any time, of any such Holder,
      furnish or cause to be furnished to such Holder a like certificate setting
      forth: (i) such adjustments and readjustments; (ii) the Exercise Price at the
      time in effect; and (iii) the number of shares and the amount, if any, of other
      property that at the time would be received upon the exercise of the
      Warrant.

    

    (g) No
      Impairment.
      The
      Company will not, by any voluntary action, avoid or seek to avoid the observance
      or performance of any of the terms to be observed or performed hereunder by
      the
      Company, but will at all times in good faith assist in the carrying out of
      all
      the provisions of this Section 11 and in the taking of all such action as may
      be
      necessary or appropriate in order to protect the rights of the Holder of this
      Warrant against impairment.

    

    12. Miscellaneous.

    

    (a) Governing
      Law.
      This
      Warrant shall be governed by and construed according to the laws of the State
      of
      Delaware without regard to its conflicts of law principles.

    

    (b) References.
      Unless
      the context otherwise requires, any reference to a “Section” refers to a section
      of this Warrant. Any reference to “this Section” refers to the whole number
      section in which such reference is contained.

     

    
 

    [signature
      page follows]

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, Travel Hunt Holdings, Inc., has caused this Warrant to be
      executed by its officers thereunto duly authorized as of March 28,
      2008.

    

    
       

      
        	
                TRAVEL
                  HUNT HOLDINGS, INC.

              
	 	 
	
                By:

              	
                /s/
                  Jaiji Shang

              
	 Name:
                Jaiji Shang
	 Title:
                President and CEO

      

      
 

       

       

       

      
        [Signature
          Page to La Pergola Warrant]

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        
NOTICE
        OF EXERCISE

    

    

    TO: TRAVEL
      HUNT HOLDINGS, INC.

    

    (1) The
      undersigned hereby (A) elects to purchase _____ shares of Common Stock of Travel
      Hunt Holdings, Inc., pursuant to the provisions of Section 3(a) of the attached
      Warrant, and tenders herewith payment of the purchase price for such shares
      in
      full.

    

    (2) In
      exercising this Warrant, the undersigned hereby confirms and acknowledges that
      the shares of Common Stock are being acquired solely for the account of the
      undersigned and not as a nominee for any other party, and for investment, and
      that the undersigned will not offer, sell or otherwise dispose of any such
      shares of Common Stock except under circumstances that will not result in a
      violation of the Securities Act of 1933, as amended, or any applicable state
      securities laws.

    

    (3) Please
      issue a certificate or certificates representing said shares of Common Stock
      in
      the name of the undersigned or in such other name as is specified
      below:

    
       

      
        	 

	
                (Name)

              
	 
	 

	
                (Name)

              

      

       

    

    (4) Please
      issue a new Warrant for the unexercised portion of the attached Warrant in
      the
      name of the undersigned or in such other name as is specified
      below:

    

    
       

      
        	 	 	 

	
                 

              	 	(Name)
	 	 	 
	 
	 	 

	
                (Date)

              	 	
                (Signature)

              

      

       

       

       

      [Signature
        Page to La Pergola Warrant]

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