Document:

Unassociated Document

     

    EQUITY
      TRANSFER AGREEMENT 

    

    THIS
      EQUITY TRANSFER AGREEMENT (the “Agreement”)
      is
      dated as of March 12, 2008 by and between First Growth Investors, Inc., a
      corporation formed under the laws of the State of Nevada, U.S.A. (“First
      Growth”),
      and
      Mr. Kunio Yamamoto, a citizen of Japan (“Yamamoto”).

    

    RECITALS

    

    WHEREAS,
      Yamamoto owns 100% of the issued and outstanding shares of Bright Stand
      International Limited, an exempted company formed under the laws of the British
      Virgin Islands (“Bright
      Stand”).

    

    WHEREAS,
      Bright Stand owns two subsidiaries, a 100% equity ownership in Weifang Yuhe
      Poultry Co., Ltd. and a 43.75% equity ownership in Weifang Taihong Feed Co.
      Ltd., both companies organized in the People’s Republic of China (the
“PRC”).
      The
      remaining 56.25% equity ownership of Weifang Taihong Feed Co. Ltd. is owned
      by
      Weifang Yuhe Poultry Co., Ltd.

    

    WHEREAS,
      First Growth is a Nevada corporation which as of the date hereof is a SEC
      reporting company trading on OTCBB under the symbol FGIV and has no business
      operations.

    

    WHEREAS,
      First Growth desires to acquire all of the issued and outstanding shares of
      Bright Stand (the “Bright
      Stand Interest”),
      and
      Yamamoto desires to transfer the Bright Stand Interest for 126,857,134 new
      shares of common stock in First Growth, which shall have a total outstanding
      142,857,134 shares as of the Closing Date.

    

    AGREEMENT

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements contained
      herein and in reliance upon the representations and warranties hereinafter
      set
      forth, the parties agree as follows:

    

    I.
      TRANSFER OF THE BRIGHT STAND INTEREST AND CONSIDERATION

    

    1.01.
      Bright
      Stand Interest Being Transferred.
      Subject
      to the terms and conditions of this Agreement, on the Closing Date, Yamamoto
      shall assign, transfer and deliver to First
      Growth
      the
      Bright Stand Interest, free and clear of all mortgages, liens, pledges, security
      interests, restrictions, encumbrances or adverse claims of any
      nature.

    

    1.02. Consideration.
      Subject
      to the terms and conditions of this Agreement, and in consideration of the
      assignment and delivery of the Bright Stand Interest to First
      Growth,
      First
      Growth
      shall on
      the Closing Date issue and deliver to Yamamoto and/or his designee(s), and
      Yamamoto and/or his designee(s) shall purchase, acquire and accept from
First
      Growth,
      126,857,134 shares of the common stock of First Growth (the “Consideration”)
      which
      shall equal 88.8% of the issued and outstanding shares of First Growth on a
      fully diluted basis. 

     

    
      
        
        

      

      
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    1.03.
       Time
      and Place of Closing.
      The
      closing of the transaction contemplated by this Agreement (the “Closing”)
      shall
      take place at the offices of Heller Ehrman upon the execution of this Agreement
      (the “Closing
      Date”).
      

    

    1.04. Method
      of Closing.
      The
      method of closing shall require the parties to satisfy the conditions specified
      in Section 5 of this Agreement. 

    

    II.
      REPRESENTATIONS AND WARRANTIES OF YAMAMOTO

    

    Yamamoto
      represents and warrants to First Growth as follows as of the Closing
      Date:

    

    2.01.
       Organization.
      Bright
      Stand is a BVI company owned by Yamamoto. Bright Stand is duly organized and
      validly existing under the laws of the BVI. Bright Stand’s two subsidiaries,
      Weifang Taihong Feed Co. Ltd. and Weifang Yuhe Poultry Co., Ltd, are PRC
      companies duly organized, and validly existing under the laws of the
      PRC.

    

    2.02. Ownership.
      The
      Bright Stand Interest is owned legally and beneficially by Yamamoto. Upon
      delivery of any certificate or certificates duly assigned, representing the
      same
      as herein contemplated and/or upon registering of First Growth as the new owner
      of the Bright Stand Interest in the share register of Bright Stand, First Growth
      will receive good title to such Bright Stand Interest, free and clear of all
      liens, security interests, pledges, equities and claims of any kind, voting
      trusts, shareholder agreements and other encumbrances. Except for the Bright
      Stand Interest, no shares of capital stock or other voting securities of Bright
      Stand are issued, reserved for issuance or outstanding. All outstanding shares
      of the capital stock of Bright Stand are duly authorized, validly issued, fully
      paid and non-assessable and not subject to or issued in violation of any
      purchase option, call option, right of first refusal, preemptive right,
      subscription right or any similar right under any provision of the applicable
      corporate laws of the BVI, Bright Stand’s charter documents or any contract to
      which it is a party or otherwise bound. There are no bonds, debentures, notes
      or
      other indebtedness of Bright Stand or any of its subsidiaries having the right
      to vote (or convertible into, or exchangeable for, securities having the right
      to vote) on any matters on which holders of Bright Stand common stock or the
      common stock of any of its subsidiaries may vote. Except as set forth above,
      as
      of the date of this Agreement, there are no options, warrants, rights,
      convertible or exchangeable securities, “phantom” stock rights, stock
      appreciation rights, stock-based performance units, commitments, contracts,
      arrangements or undertakings of any kind to which Bright Stand or any of its
      subsidiaries is a party or by which any of them is bound (i) obligating Bright
      Stand or any of its subsidiaries to issue, deliver or sell, or cause to be
      issued, delivered or sold, additional shares of capital stock or other equity
      interests in, or any security convertible or exercisable for or exchangeable
      into any capital stock of or other equity interest in, Bright Stand or any
      of
      its subsidiaries, (ii) obligating Bright Stand or any of its subsidiaries to
      issue, grant, extend or enter into any such option, warrant, call, right,
      security, commitment, contract, arrangement or undertaking, or (iii) giving
      any
      person the right to receive any economic benefit or right similar to or derived
      from the economic benefits and rights occurring to holders of the capital stock
      of Bright Stand or of any of its subsidiaries.

     

    
      
        
        

      

      
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    2.03. Financial
      Statements and Business Information.
      To the
      best of Yamamoto’s knowledge, all financial information and business information
      provided by Yamamoto regarding the business of Bright Stand and its subsidiaries
      is materially accurate and not materially misleading.

    

    2.04. Litigation.
      There
      is no litigation, proceeding or investigation pending or threatened against
      Bright Stand or its subsidiaries materially affecting any of their respective
      properties or assets, or any of their officers, directors, or stockholders
      or
      consultants that might result, either in any case or in the aggregate, in any
      material adverse effect in the business, operations, affairs or condition of
      Bright Stand or its subsidiaries or any of their respective properties or
      assets, or that might call into question the validity of this Agreement, or
      any
      action taken or to be taken pursuant hereto. For purposes of this Agreement,
      “material
      adverse effect”
      means
      any of (i) a material and adverse effect on the legality, validity or
      enforceability of this Agreement, (ii) a material and adverse effect on the
      results of operations, assets, properties, prospects, business or condition
      (financial or otherwise) of the Company and its subsidiaries, taken as a whole,
      or (iii) a material and adverse impairment to the Company’s ability to perform
      on a timely basis its material obligations under this Agreement.

    

    2.05. Title
      to Assets.
      Bright
      Stand and its subsidiaries have good and marketable title to all of their assets
      and properties now carried on their books. 

    

    2.06. No
      Conflicts; Consents.
      The
      execution and delivery by Yamamoto of this Agreement does not, and the
      consummation of the transactions and compliance with the terms hereof will
      not,
      conflict with, or result in any violation of or default (with or without notice
      or lapse of time, or both) under, or give rise to a right of termination,
      cancellation or acceleration of any obligation or to loss of a material benefit
      under, or result in the creation of any lien upon any of the properties or
      assets of Bright Stand or any of its subsidiaries under, any provision of (i)
      Bright Stand’s constituent instruments or the comparable charter or
      organizational documents of any of its subsidiaries, (ii) any material contract,
      lease, license, indenture, note, bond, agreement, permit, concession, franchise
      or other instrument to which Bright Stand or any of its subsidiaries is a party
      or by which any of their respective properties or assets is bound, or (iii)
      any
      material judgment, order or decree or material law applicable to Bright Stand
      or
      any of its subsidiaries or their respective properties or assets, other than,
      in
      the case of clauses (ii) and (iii) above, any such items that, individually
      or
      in the aggregate, have not had and would not reasonably be expected to have
      a
      material adverse effect. Except for required filings with the Securities and
      Exchange Commission (the “SEC”)
      and
      applicable “Blue Sky” or state securities commissions, no material consent,
      approval, license, permit, order or authorization of, or registration,
      declaration or filing with, or permit from, any governmental entity is required
      to be obtained or made by or with respect to Bright Stand or any subsidiary
      in
      connection with the execution, delivery and performance of this
      Agreement.

    

    2.07. Authority;
      Validity.
      Yamamoto has full power and authority to enter into this Agreement and to carry
      out the transactions contemplated herein. This Agreement constitutes the valid
      and binding obligations of Yamamoto, enforceable in accordance with its
      terms.

    

    2.08. Restricted
      Securities.
      Yamamoto understands that the Consideration is characterized as “restricted
      securities” under the Securities Act inasmuch as this Agreement contemplates
      that, if acquired by Yamamoto pursuant hereto, the Consideration would be
      acquired in a transaction not involving a public offering. Yamamoto further
      acknowledges that such Consideration may not be resold without registration
      under the Securities Act or the existence of an exemption therefrom. Yamamoto
      represents that it is familiar with Rule 144 promulgated under the Securities
      Act, as presently in effect, and understands the resale limitations imposed
      thereby and by the Securities Act.

     

    
      
        
        

      

      
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    2.09.
      Accredited
      Investor.
      Yamamoto is an “accredited investor” within the meaning of Rule 501 under
      the Securities Act.

    

    2.10.
      The
      Subsidiaries: Equity Interests.

    

    
      	 	
              (a)

            	
              All
                outstanding shares of capital stock or equity investments of each
                subsidiary of Bright Stand have been validly issued and are fully
                paid and
                non-assessable and as of the date of this Agreement are owned by
                Bright
                Stand free and clear of all liens.

            

    

    

    
      	 	
              (b)

            	
              Except
                for its interests in the subsidiaries, Bright Stand does not as of
                the
                date of this Agreement own, directly or indirectly, any capital stock,
                membership interest, partnership interest, joint venture interest
                or other
                equity interest in any person or
                entity.

            

    

    

    2.11.
      Taxes.

    

    (a) Bright
      Stand and each subsidiary has timely filed, or has caused to be timely filed
      on
      its behalf, all Tax Returns required to be filed by it, and all such Tax Returns
      are true, complete and accurate, except to the extent any failure to file or
      any
      inaccuracies in any filed Tax Returns, individually or in the aggregate, have
      not had and would not reasonably be expected to have a material adverse effect.
      All Taxes shown to be due on such Tax Returns, or otherwise owed, have been
      timely paid, except to the extent that any failure to pay, individually or
      in
      the aggregate, has not had and would not reasonably be expected to have a
      material adverse effect. There are no unpaid taxes in any material amount
      claimed to be due by the taxing authority of any jurisdiction, and the officers
      of Bright Stand know of no basis for any such claim.

    

    (b) Bright
      Stand’s financial statements reflect an adequate reserve for all Taxes payable
      by Bright Stand and its subsidiaries (in addition to any reserve for deferred
      Taxes to reflect timing differences between book and Tax items) for all Taxable
      periods and portions thereof through the date of such financial statements.
      No
      deficiency with respect to any Taxes has been proposed, asserted or assessed
      against Bright Stand or any subsidiary, and no requests for waivers of the
      time
      to assess any such Taxes are pending, except to the extent any such deficiency
      or request for waiver, individually or in the aggregate, has not had and would
      not reasonably be expected to have a material adverse effect.

    

    (c) For
      purposes of this Agreement:

    

    “Taxes”
      includes all forms of taxation, whenever created or imposed, and whether of
      the
      British Virgin Islands or the PRC, and whether imposed by a local, municipal,
      governmental, state, foreign, federal or other governmental entity, or in
      connection with any agreement with respect to Taxes, including all interest,
      penalties and additions imposed with respect to such amounts.

     

    
      
        
        

      

      
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    “Tax
      Return”
means
      all federal, state, local, provincial and foreign Tax returns, declarations,
      statements, reports, schedules, forms and information returns and any amended
      Tax return relating to Taxes.

    

    2.12. Compliance
      With Applicable Laws.
      Bright
      Stand and its subsidiaries are in compliance with all applicable laws, except
      for instances of noncompliance that, individually and in the aggregate, have
      not
      had and would not reasonably be expected to have a material adverse effect
      on
      their operations. Neither Bright Stand nor any subsidiary has received any
      written communication from a governmental entity that alleges that they are
      not
      in compliance in any material respect with any applicable law.

    

    2.13. Contracts.
      Neither
      Bright Stand nor any of its subsidiaries is in violation of or in default under
      (nor does there exist any condition which upon the passage of time or the giving
      of notice would cause such a violation of or default under) any contract to
      which it is a party or by which it or any of its properties or assets is bound,
      except for violations or defaults that would not, individually or in the
      aggregate, reasonably be expected to result in a material adverse
      effect.

    

    2.14. Financial
      Statements.
      As of
      the Closing, the consolidated financial statements of Bright Stand will have
      been prepared in accordance with generally accepted accounting principles
      applied on a consistent basis throughout the periods indicated, and will fairly
      present in all material respects the financial condition and operating results
      of Bright Stand and its subsidiaries, as of the dates, and for the periods,
      indicated therein. Bright Stand will not have any material liabilities or
      obligations, contingent or otherwise, other than (i) liabilities incurred
      in the ordinary course of business subsequent to September 30, 2007, and
      (ii) obligations under contracts and commitments incurred in the ordinary
      course of business and not required under generally accepted accounting
      principles to be reflected in the financial statements, which, in both cases,
      individually and in the aggregate would not be reasonably expected to result
      in
      a material adverse effect.

    

    2.15 Absence
      Of Certain Changes Or Events.
      Except
      as disclosed in its financial statements, from September 30, 2007 to the date
      of
      this Agreement, Bright Stand and its subsidiaries have conducted their business
      in the ordinary course, and during such period there has not been:

    

    
      	 	
              (a)

            	
              Any
                change in the assets, liabilities, financial condition or operating
                results of Bright Stand or any of its subsidiaries, except changes
                in the
                ordinary course of business that have not caused, in the aggregate,
                a
                material adverse effect;

            

    

    

    
      	 	
              (b)

            	
              Any
                damage, destruction or loss, whether or not covered by insurance,
                that
                would have a material adverse
                effect;

            

    

    

    
      	 	
              (c)

            	
              Any
                waiver or compromise by Bright Stand or any subsidiary of a valuable
                right
                or of a material debt owed to it;

            

    

     

    
      
         

      

      
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              (d)

            	
              Any
                satisfaction or discharge of any lien, claim, or encumbrance or payment
                of
                any obligation by Bright Stand or any of its subsidiaries, except
                in the
                ordinary course of business;

            

    

    

    
      	 	
              (e)

            	
              Any
                material change to a material contract by which Bright Stand or any
                of its
                subsidiaries or any of its respective assets is bound or
                subject;

            

    

    

    
      	 	
              (f)

            	
              Any
                mortgage, pledge, transfer of a security interest in, or lien, created
                by
                Bright Stand or any of its subsidiaries, with respect to any of its
                material properties or assets, except liens for taxes not yet due
                or
                payable and liens that arise in the ordinary course of business and
                do not
                materially impair Bright Stand’s or such subsidiary’s ownership or use of
                such property or assets;

            

    

    

    
      	 	
              (g)

            	
              Any
                loans or guarantees made by Bright Stand or any of its subsidiaries
                to or
                for the benefit of its employees, officers or directors, or any members
                of
                their immediate families, other than travel advances and other advances
                made in the ordinary course of its
                business;

            

    

    

    
      	 	
              (h)

            	
              Any
                alteration of Bright Stand’s method of accounting or the identity of its
                auditors; or 

            

    

    

    
      	 	
              (i)

            	
              Any
                declaration or payment of dividend or distribution of cash or other
                property to Yamamoto or any purchase, redemption or agreements to
                purchase
                or redeem any shares of Bright
                Stand.

            

    

    

    2.16. Compliance
      With PRC Anti-Corruption Laws.
      Neither
      Bright Stand, nor any of its subsidiaries, nor, to Yamamoto’s knowledge, any
      director, officer, agent, employee or other person acting on behalf of Bright
      Stand or any of its subsidiaries has, in the course of its actions for, or
      on
      behalf of, Bright Stand (i) used any corporate funds for any unlawful
      contribution, gift, entertainment or other unlawful expenses relating to
      political activity; (ii) made any direct or indirect unlawful payment to any
      foreign or domestic government official or employee from corporate funds; (iii)
      violated or is in violation of any applicable PRC laws; or (iv) made any
      unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful
      payment to any foreign or domestic government official or employee.

    

    III.
      REPRESENTATIONS AND WARRANTIES OF FIRST GROWTH

    

    First
      Growth hereby represents and warrants to Yamamoto as follows as of the date
      hereof and as of the Closing Date:

    

    3.01. Organization.

    

    3.01(a)
      First Growth is a corporation duly organized, validly existing, and in good
      standing under the laws of Nevada, has the corporate power and authority to
      carry on its business as presently conducted; and is qualified to do business
      in
      all jurisdictions where the failure to be so qualified would have a material
      adverse effect on the business of First Growth.

    

    3.01(b)
      First Growth does not own, directly or indirectly, any capital stock, equity
      or
      interest in any corporation, firm, partnership, joint venture or other
      entity.

     

    
      
        
        

      

      
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    3.01(c)
      The copies of the Articles of Incorporation of First Growth, as certified by
      the
      Nevada Secretary of State, and the Bylaws of First Growth currently on file
      are
      complete and correct copies of the Articles of Incorporation and Bylaws of
      First
      Growth as amended and in effect on the date hereof. 

    

    3.02. Capitalization
      of First Growth.
      The
      authorized capital stock of First Growth immediately prior to giving effect
      to
      the transactions contemplated hereby consists of 500,000,000 authorized shares
      of common stock, with a par value of US$0.001, of which 16,000,000 shares of
      common stock are issued and outstanding. At the Closing, 126,857,134 shares
      will
      be issued to Yamamoto and/or its designees and/or assigns, representing the
      Consideration for First Growth’s acquisition of the Bright Stand Interest. All
      issued and outstanding shares are duly authorized, validly issued, fully paid
      and non-assessable, and at the Closing the Consideration will be duly
      authorized, validly issued, fully paid and non-assessable. Except for the above
      described shares and the Consideration to be issued to Yamamoto, there are
      no
      outstanding shares of capital stock or other securities or other equity
      interests of First Growth or rights of any kind to acquire such stock, other
      securities or other equity interests. No current officer, director, affiliate
      or
      person known to First Growth to be the record or beneficial owner in excess
      of
      5% of First Growth’s common stock or any person known to be an associate of any
      of the foregoing is a party adverse to First Growth, or has a material interest
      adverse to First Growth in any material pending legal proceeding. 

    

    3.03. Authority;
      Validity.
      First
      Growth has full power and authority to enter into this Agreement and to carry
      out the transactions contemplated herein. The execution and delivery of this
      Agreement, the consummation of the transactions contemplated hereby, and the
      issuance of First Growth shares in accordance with the terms hereof to Yamamoto,
      have been duly authorized and approved by the Board of Directors of First Growth
      and no other corporate proceedings on the part of First Growth are necessary
      to
      authorize this Agreement, the transactions contemplated hereby and the issuance
      of the Consideration in accordance with the terms hereof. The Agreement
      constitutes the valid and binding obligations of First Growth, enforceable
      in
      accordance with its terms.

    

    3.04. Liabilities.
      First
      Growth is not subject to any material undisclosed liability or obligation of
      any
      nature, whether absolute, accrued, contingent, or otherwise and whether due
      or
      to become due. As of the Closing, First Growth shall have no liabilities,
      contingent or otherwise representing in the aggregate greater than $5,000.
      The
      business of First Growth has been and is presently being conducted in accordance
      with all applicable U.S. federal, state and local governmental laws, rules,
      regulations and ordinances. First Growth has all franchises, permits, licenses,
      consents and the regulatory authorizations and approvals required by government
      necessary for the conduct of its business as now being conducted by
      it.

    

    3.05. Litigation.
      There
      is no claim, dispute, action, litigation, proceeding or investigation pending
      or
      to the knowledge of First Growth, threatened against First Growth affecting
      any
      of its properties or assets, or, to the knowledge of First Growth, against
      any
      officer, director, or stockholder of First Growth that might result, either
      in
      any case or in the aggregate, in any material adverse change in the business,
      operations, affairs or condition of First Growth or any of its properties or
      assets, or that might call into question the validity of this Agreement, or
      any
      action taken or to be taken pursuant hereto.

     

    
      
        
        

      

      
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    3.06. Title
      to Assets.
      First
      Growth has good and marketable title to all of its assets and properties now
      carried on its books including those reflected in the balance sheet contained
      in
      First Growth’s financial statements, free and clear of all liens, claims,
      charges, security interests or other encumbrances, except as described in the
      balance sheet included in First Growth’s financial statements or on any exhibits
      attached hereto.

    

    3.07. Contracts
      and Undertakings.
      First
      Growth has no contracts, agreements, leases, licenses, arrangements, commitments
      and other undertakings (collectively “Contracts”)
      to
      which First Growth or any such subsidiary is a party or by which it or its
      property is bound that have not been disclosed in writing to Yamamoto. First
      Growth is not in material default, or alleged to be in material default, under
      any Contract and, to the knowledge of First Growth, no other party to any
      Contract to which First Growth is a party is in default thereunder nor, to
      the
      knowledge of First Growth, does there exist any condition or event which, after
      notice or lapse of time or both, would constitute a default by any party to
      any
      such Contract. 

    

    3.08. No
      Conflict.
      The
      execution and delivery of this Agreement and the consummation of the
      transactions contemplated hereby will not conflict with or result in a breach
      of
      any term or provision of, or constitute a default under, the Certificate of
      Incorporation or Bylaws of First Growth, or any agreement, contract or
      instrument to which First Growth is a party or by which it or any of its assets
      are bound.

    

    3.09. Accuracy.
      Neither
      this Agreement nor any other agreement, document, certificate or written or
      oral
      statement furnished to Yamamoto by or on behalf of First Growth in connection
      with the transactions contemplated hereby, contains any untrue statement of
      a
      material fact or when taken as a whole omits to state a material fact necessary
      in order to make the statements contained herein or therein not
      misleading.

    

    3.10. Financial
      Statements.
      The
      financial statements of First Growth (the “Financial Statements”) set forth in
      its public filings (a) were prepared in accordance with the books and records
      of
      First Growth; (b) were prepared in accordance with U.S. generally accepted
      accounting principles consistently applied; and (c) are accurate and fairly
      present First Growth’s financial condition and the results of its operations as
      of the relevant dates thereof and for the periods covered thereby. 

    

    3.11. Compliance
      with Law.
      First
      Growth has in all material respects complied with and it is now in all material
      respects in compliance with, all federal and state laws applicable to First
      Growth, including without limitation federal and state securities
      laws.

    

    3.12. Reporting
      Company Status. First
      Growth files reports with the SEC pursuant to Section 15(d) of the Exchange
      Act.
      First Growth has complied in all material respects with the filing requirements
      under Section 15(d) of the Exchange Act and the applicable rules and regulations
      of the SEC promulgated thereunder.

    

    3.13. SEC
      Documents, Financial Statements.
      First
      Growth has filed all reports, schedules, forms and statements required to be
      filed by it with the SEC pursuant to the reporting requirements of the Exchange
      Act (the “SEC Documents”). As of their respective dates, none of the SEC
      Documents contained any untrue statement of a material fact or omitted to state
      a material fact required to be stated therein or necessary in order to make
      the
      statements therein, in light of the circumstances under which they were made,
      not misleading. The financial statements of First Growth included in the SEC
      Documents were prepared in accordance with U.S. generally accepted accounting
      principles, consistently applied, during the periods involved, except (i) as
      may
      be otherwise indicated in such financial statements or the notes thereto, or
      (ii) in the case of unaudited interim statements, to the extent they may not
      include footnotes or may be condensed or summary statements, and fairly present
      in all material respects the financial position of First Growth and results
      of
      their operations and cash flows for the periods covered thereby, subject, in
      the
      case of unaudited statements, to normal year-end audit adjustments.

     

    
      
        
        

      

      
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    3.14. Taxes.
      All
      applicable tax returns required to be filed by First Growth have been prepared
      and filed in compliance with all applicable laws and were true, correct and
      complete in all material respects when filed, or if not yet filed have been
      granted extensions of the filing dates which extensions have not expired, and
      all taxes, assessments, fees and other governmental charges upon First Growth
      or
      upon any of its properties, income or franchises, required to be paid by First
      Growth have been paid, or adequate reserves therefor have been set up if any
      of
      such taxes are being contested in good faith; or if any of such tax returns
      have
      not been filed or if any such taxes have not been paid or so reserved for,
      the
      failure to so file or to pay would not in the aggregate have a material adverse
      effect. All amounts required to be withheld by First Growth from employees
      for
      income, social security and other payroll taxes have been collected and withheld
      and have either been paid to the appropriate agency, set aside in accounts
      for
      such purpose or accrued and reserved upon the books and records of First Growth
      or the appropriate subsidiary. There were no tax liens on any of First Growth’s
      assets that arose in connection with the failure, or alleged failure, to pay
      any
      taxes except for liens for taxes not yet due and payable. No taxing authority
      is
      asserting or threatening to assert against First Growth any deficiency or claim
      for additional taxes and no tax return of Company is currently under audit
      by
      any tax authority. The provision for taxes on First Growth balance sheet
      adequately reflects all tax liabilities in accordance with U.S. generally
      accepted accounting principles.

    

    3.15.
      Due Diligence. First
      Growth has had the opportunity to perform all due diligence investigations
      of
      Bright Stand and its subsidiaries and their business as First Growth has deemed
      necessary or appropriate and to ask all questions of the officers and directors
      of Bright Stand that First Growth wished to ask, and First Growth has received
      satisfactory answers to all of its questions regarding Bright Stand and its
      subsidiaries and has reviewed sufficient information to allow it to make the
      satisfactory evaluation on the merits and risks of the transactions contemplated
      by this Agreement.

    

    3.16.
      Investment Purpose. First
      Growth is acquiring the Bright Stand Interest to be transferred to it under
      this
      Agreement for investment and not with a view to the sale or distribution
      thereof. There are no other agreements purporting to restrict the issuance
      or
      transfer of the Consideration nor any voting agreements, voting trusts or other
      arrangements restricting or affecting the voting of the Consideration. The
      issuing procedures for the Consideration shall be in full compliance with all
      US
      federal and state laws and SEC rules and regulations.

    

    3.17.
      Material Adverse Effect. Since
      September 30, 2007, First Growth has not experienced or suffered any material
      adverse effect. First Growth has not incurred any liabilities, obligations,
      claims or losses as of the date of this Agreement, whether liquidated or
      unliquidated, secured or unsecured, absolute, accrued, contingent or otherwise.
      As of the date of this Agreement, no event or circumstance has occurred or
      to
      the knowledge of First Growth exists with respect to First Growth or its
      business, properties, operations or financial condition, which has not been
      disclosed to Yamamoto in writing or has not otherwise been disclosed in First
      Growth’s public filings made with the SEC.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    3.18.
      Broker. First
      Growth has not employed any broker or finder or incurred any liability for
      any
      brokerage or investment banking fees, commissions, finders’ structuring fees,
      financial advisory fees or other similar fees in connection with this
      Agreement.

     

    3.19.
      Related Party Transactions. There
      are
      no loans, leases, agreements, contracts, royalty agreements, management
      contracts or arrangements or other continuing transactions between (a) First
      Growth and (b) any officer, employee, consultant or director of First Growth,
      or
      any person owning at least 5% of the outstanding capital stock of First Growth
      or any member of the immediate family of such officer, employee, consultant,
      director or stockholder or any corporation or other entity controlled by such
      officer, employee, consultant, director or stockholder, or a member of the
      immediate family of such officer, employee, consultant, director or stockholder,
      which, in each case, has not been disclosed in writing to Yamamoto.

    

    3.20
      SEC Enforcement Actions. First
      Growth has not
      been
      the subject of any enforcement or other
      actions which
      have questioned its compliance with applicable
      rules, including
      without limitation SEC
      rules
      and regulations,
      and the
      trading rules (OTCBB,
      as
      applicable).
      First
      Growth has received no notice that its common stock is not eligible for
      quotation.

    

    IV.
      SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS

    

    All
      representations, warranties and covenants of First Growth and Yamamoto contained
      herein shall survive the consummation of the transactions contemplated herein
      and remain in full force and effect for a period of two years.

    

    V.
      CONDITIONS TO CLOSING

    

    5.01. Conditions
      to Obligation of Yamamoto.
      The
      obligations of Yamamoto under this Agreement shall be subject to each of the
      following conditions:

    

    (a)
      Representations
      and Warranties of First Growth to be True.
      The
      representations and warranties of First Growth herein contained shall be true
      in
      all material respects at the Closing with the same effect as though made at
      such
      time. First Growth shall have performed in all material respects all obligations
      and complied in all material respects, to its actual knowledge, with all
      covenants and conditions required by this Agreement to be performed or complied
      with by it at or prior to the Closing. 

    

    (b)
      No
      Legal Proceedings.
      No
      injunction or restraining order shall be in effect prohibiting this Agreement,
      and no action or proceeding shall have been instituted and, at what would
      otherwise have been the Closing, remain pending before the court to restrain
      or
      prohibit the transactions contemplated by this Agreement.

    

    (c)
      Statutory
      Requirements.
      All
      statutory requirements for the valid consummation by First Growth of the
      transactions contemplated by this Agreement shall have been fulfilled. All
      authorizations, consents and approvals of all governments and other persons
      required to be obtained in order to permit consummation by First Growth of
      the
      transactions contemplated by this Agreement shall have been obtained, including
      without limitation board of directors and shareholder approvals required by
      Nevada State statutes, as applicable.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

    (d)
      Director
      Resignation.
      Prior to
      the Closing, all of the directors and officers of First Growth shall have
      submitted their contingent resignations to Heller Ehrman, to be held in escrow
      and to become effective at the Closing. All resignations shall contain a
      statement that each of the directors and officers release any all claims, for
      salaries, benefits or otherwise, against First Growth. Before the resignations
      take effect, if required by Yamamoto, the directors shall cause such persons
      nominated by Yamamoto to become new directors of First Growth. 

    

    (e)
       PIPE
      Closing.
      Roth
      Capital Partners LLC, as placement agent, shall have raised at least
      US$18,000,000 of gross proceeds, for which the relevant parties have entered
      into binding agreements, to acquire shares of First Growth, the closing of
      which
      financing will be held simultaneously with the Closing. 

    

    (f)
       Trading.
      First
      Growth’s common stock shall be currently quoted for trading on the OTCBB and
      First Growth shall have received no notice that its common shares are not
      eligible for quotation.

    

    (g) Delivery
      of Documents. First
      Growth will have delivered to Yamamoto the documents in form and substance
      reasonably satisfactory to counsel to Yamamoto, to the following requirements
      that:

    

    (i)
       First
      Growth is a corporation duly organized, validly existing, and in good standing
      in the State of Nevada and is legally qualified to take the necessary corporate
      action to carry out this Agreement. 

    

    (ii)
       Both
      First Growth’s authorized capital stock and the issued and outstanding shares
      before and after the Closing are set forth in Schedule
      1
      and
Schedule
      2,
      and
      supported by the relevant certificate of incorporation and a statement for
      the
      issued and outstanding shares from the transfer agent regarding the issued
      and
      outstanding shares. 

    

    (iii)
       The
      board
      of directors and shareholders (if required) of First Growth have authorized
      the
      execution, delivery and performance of this Agreement and the related
      transactions. First Growth shall deliver all its corporate books, records and
      all property to Heller Ehrman at the Closing.

    

    (iv)
       Any
      further document as may be reasonably requested by counsel to Yamamoto in order
      to substantiate any of the representations or warranties of First Growth set
      forth herein. 

     

    (v)
       A
      statement that the business and operations of First Growth will have suffered
      no
      material adverse effect.

    

    (h)  Legal
      Opinion. First
      Growth will have delivered a legal opinion from Nevada lawyers in form and
      substance to the satisfaction of counsel to Yamamoto with respect to certain
      matters requested by such counsel, including without limitation due
      authorization and validity. 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    5.02.
      Conditions
      to Obligations of First Growth.
      The
      obligation of First Growth under this Agreement shall be subject to the
      following conditions:

    

    (a)
      Representations
      and Warranties of Yamamoto to be True. The
      representations and warranties of Yamamoto herein contained shall be true in
      all
      material respects as of the Closing, and shall have the same effect as though
      made at the Closing; and Yamamoto shall have performed in all material respects
      all obligations and complied in all material respects, with all covenants and
      conditions required by this Agreement to be performed or complied with by it
      prior to the Closing.

    

    (b)
      No
      Legal Proceedings. No
      injunction or restraining order shall be in effect, and no action or proceeding
      shall have been instituted and, at what would otherwise have been the Closing,
      remain pending before the court to restrain or prohibit the transactions
      contemplated by this Agreement.

    

    (c)
      Statutory
      Requirements.
      All
      statutory requirements for the valid consummation by Yamamoto of the
      transactions contemplated by this Agreement shall have been fulfilled. All
      authorizations, consents and approvals of all governments and other persons
      required to be obtained in order to permit consummation by Yamamoto of the
      transactions contemplated by this Agreement shall have been obtained, including
      without limitation Bright Stand’s board of directors approval and relevant
      governmental approval. 

    

    VI.
      MISCELLANEOUS

    

    6.01.
      Expenses.
      Except
      as otherwise provided herein, each party shall bear its own expenses incurred
      in
      connection with the negotiation and preparation of this Agreement and the
      consummation and performance of the transactions contemplated herein. Without
      limitation, such expenses shall include the fees and expenses of all attorneys,
      brokers, investment bankers, accountants, agents and finders and other
      professionals incurred in connection herewith, acting on behalf of such party.
      The parties shall indemnify each other against any claims, costs, losses,
      expenses or liabilities arising from any claim or commissions, finder's fees
      or
      other compensation in connection with the contemplated transactions which my
      be
      asserted by any person based on any agreement or arrangement for payment by
      the
      other party.

    

    6.02.
      Notices.
      All
      notices, requests and other communications thereunder shall be in writing and
      shall be delivered by courier or other means of personal service, including
      by
      means of a nationally recognized courier service or professional messenger
      service, or sent to telex or telecopy or mailed first class, postage prepaid,
      by
      certified mail, return receipt requested, or by Federal Express or other
      reputable overnight delivery service, in all cases, addressed to:

     

    
      	 	 	 
	 	
              To
                Yamamoto:

            
	 	 
	 	
              c/o
                Weifang Yuhe Poultry Co. Ltd.

            
	 	
              301
                Hailong Street

            
	 	
              Hanting
                District, Weifang,

            
	 	
              Shandong
                Province, 261110

            
	 	
              The
                People’s Republic of China

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    
       

      
        	 	 	 
	 	To First
                Growth:
	 	 
	 	
                Richard
                  Crimmins, President

              
	 	12890 Hilltop Road
	 	
                Argyle,
                  Texas 76226

              
	 	
                Richard
                  Crimmins, President

              

      

    

    

    All
      notices, requests and other communications shall be deemed given on the date
      of
      actual receipt or delivery as evidenced by written receipt, acknowledgment
      or
      other evidence of actual receipt or delivery to the address. In case of service
      by telecopy, a copy of such notice shall be personally delivered or sent by
      registered or certified mail, in the manner set forth above, within three (3)
      business days thereafter. Either party hereto may from time to time by notice
      in
      writing served as set forth above designate a different address or a different
      or additional person to which all such notices or communications thereafter
      are
      to be given.

    

    6.03.
      Parties
      in Interest.
      Except
      as otherwise expressly provided herein, all the terms and provisions of this
      Agreement shall be binding upon, shall inure to the benefit of and shall be
      enforceable by the respective heirs, beneficiaries, personal and legal
      representatives, successors and assigns of the parties hereto.

    

    6.04.
      Entire
      Agreement; Amendments.
      This
      Agreement contains the entire understanding of the parties with respect to
      its
      subject matter. There are no restrictions, agreements, promises, warranties,
      covenants or undertakings other than those expressly set forth herein or
      therein. This Agreement supersedes all prior agreements and understandings
      between the parties with respect to its subject matter. This Agreement may
      be
      amended only by a written instrument duly executed by the parties or their
      respective successors or assigns.

    

    6.05.
      Counterparts.
      This
      Agreement may be executed in several counterparts, each of which shall be deemed
      an original but all of which together shall constitute one and the same
      instrument.

    

    6.06.
      Resale
      Registration.
      Within
      90 days of the Closing Date, First Growth, as the surviving company owning
      Bright Stand and its subsidiaries, will file a registration statement on Form
      S-1 or such other form as appropriate for the public resale of the shares issued
      in the PIPE offering referred to Section 5.01(e) above and included in the
      registration rights agreement entered into between First Growth and each
      investor in the PIPE offering shares held by Halter Financial Investments,
      L.P.
      and Halter Financial Group, L.P. First Growth agrees to use its best efforts
      to
      have the registration statement declared effective within 180 days of filing
      or
      5 days of the date that it is informed by the SEC staff that (i) the SEC will
      not review the registration statement or (ii) First Growth may request the
      acceleration of the effectiveness of the registration statement and First Growth
      makes such request.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    6.07.
      Termination
      This
      Agreement may be terminated upon the following occurrence: (i) by mutual consent
      of the parties in writing; (ii) by either Yamamoto or First Growth if there
      has
      been a material misrepresentation or material breach of any warranty or covenant
      by any party that is not cured by the breaching party within 30 days following
      notice of such breach or such later date as agreed by the parties; or (iii)
      by
      Yamamoto if the PIPE offering does not occur by or before March 31, 2008; or
      (iv) either Yamamoto or First Growth if the Closing does not occur by or before
      March 31, 2008. Following any such termination, Yamamoto and First Growth shall
      be free to negotiate with other reverse merger candidates and/or conduct other
      fund raising as it/they deem appropriate and all parties hereby acknowledge
      and
      agree that they have no claims against the other parties for such activities.
      

    

    6.08.
      Governing
      Law; Submission to Jurisdiction.
      This
      Agreement shall be subject to New York law and jurisdiction. Any dispute,
      controversy or claim arising from, out of or in connection with this Agreement
      may be resolved by any suit, action or proceeding (“Proceedings”)
      in
      the
      courts in the State of New York. The parties irrevocably submit to the
      non-exclusive jurisdiction of such courts in connection therewith and waive
      any
      objection which it may have in relation to the venue of the Proceedings or
      any
      claim that such Proceedings have been brought in an inconvenient forum. First
      Growth hereby waives personal service of process upon it and consents that
      any
      such service of process may be made by certified or registered mail, return
      receipt requested, directed to First Growth at its address last specified for
      notices hereunder, and service so made shall be deemed completed five (5) days
      after the same shall have been so mailed. Subject as set out above, the
      submission to such non-exclusive jurisdiction shall not, and shall not be
      construed so as to, limit the right of any party to take Proceedings against
      any
      of the other parties in whatsoever jurisdictions shall to it seem fit nor shall
      the taking of the Proceedings in any one or more jurisdiction preclude the
      taking of the Proceedings in any other jurisdiction, whether concurrently or
      not.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, this
      Agreement has been duly executed and delivered by the parties hereto as the
      date
      first above written.

    
      	 	 	 
	 	
              First
                Growth Investors, Inc.

            
	 
 	 
 	 
 
	
            	By:  	/s/ Richard
              Crimmins
	 	
              
Name:
              Richard Crimmins
	 	Title:
              President

    

    
      	 	 	 
	 	Kunio Yamamoto
	 
 	 
 	 
 
	
            	By:  	/s/ Yamamoto
              Kunio
	 	
              

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    Schedule
      1: Capitalization of First Growth Prior to the Closing
      Date

     

    See
      Attached Certified Stockholders List

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    Schedule
      2: Capitalization of First Growth After the Closing
      Date

     

    
      	
              First

            	 	
              Last

            	 	
              Company

            	 	
              Certificate
                

            	 	
              No
                of Shares

            
	 	 	 	 	 	 	 	 	 
	
              Total
                Shareholders

            	 	 	 	 	 	 	 	 

    

     

    
      
        
        

      

      
        17Unassociated Document

    

    SECURITIES
      PURCHASE AGREEMENT

     

    This
      Securities Purchase Agreement (this “Agreement”)
      is
      dated as of March 12, 2008, by and among
      First Growth Investors, Inc., a Nevada corporation,
      and all
      predecessors thereof (collectively, the “Company”),
      Bright
      Stand International Limited, an International business company incorporated
      in
      the British Virgin Islands (“BVI”),
      Weifang YuHe Poultry Co., Ltd., a wholly foreign-owned enterprise organized
      under the laws of the People’s Republic of China (“WFOE”),
      the
      selling stockholder identified on the signature page hereto (the “Selling
      Stockholder”)
      and the
      investors listed on the Schedule of Investors attached hereto as Appendix
      A
      (each,
      an “Investor”
      and
      collectively, the “Investors”).
      

     

    WHEREAS,
      on March 12, 2008, the Company entered into an Equity Transfer Agreement, which
      has been reviewed by the Investors and will be filed with the Company’s Current
      Report on Form 8-K under the Exchange Act (the “Exchange
      Agreement”)
      as an
      exhibit, with BVI and Kunio Yamamoto, a Japanese individual and sole former
      shareholder of BVI, pursuant to which the Company will, subject to the terms
      and
      conditions thereof, acquire all of the equity interest of BV I and, indirectly,
      all of BVI’s subsidiaries, in exchange for at least 100% of the total
      outstanding shares Common Stock on a fully diluted basis as of the time of
      the
      closing of the exchange under the Exchange Agreement and immediately prior
      to
      the Closing under this Agreement (the “Exchange”).

     

    WHEREAS,
      subject to the terms and conditions set forth in this Agreement and pursuant
      to
      exemptions from registration under the Securities Act (as defined below), the
      Company desires to issue and sell to each Investor and the Selling Stockholder
      desires to sell to each Investor, and each Investor, severally and not jointly,
      desires to purchase from the Company and the Selling Stockholder, shares of
      the
      Company’s Common Stock, as more fully described in this Agreement.

     

    NOW,
      THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement,
      and for other good and valuable consideration the receipt and adequacy of which
      are hereby acknowledged, the Company, the Selling Stockholder and the Investors
      agree as follows:

     

    ARTICLE
      1.

    DEFINITIONS

     

    1.1.  Definitions

     

    .
      In
      addition to the terms defined elsewhere in this Agreement, for all purposes
      of
      this Agreement, the following terms shall have the meanings indicated in this
      Section 1.1:

     

    “2008
      Annual
      Report”
      means
      the
      Annual Report of the Company for the fiscal year ending December 31, 2008,
      as
      filed with the Commission on Form 10-K (or such other form appropriate for
      such
      purpose as promulgated by the Commission).

     

    “2008
      Guaranteed
      ATNI” has
      the
      meaning set forth in Section 4.11.

     

    “2008
      Make Good Shares” has
      the
      meaning set forth in Section 4.11.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “2009
      Annual
      Report”
      means
      the
      Annual Report of the Company for the fiscal year ending December 31, 2009,
      as
      filed with the Commission on Form 10-K (or such other form appropriate for
      such
      purpose as promulgated by the Commission).

     

    “2009
      Guaranteed
      ATNI” has
      the
      meaning set forth in Section 4.11.

     

    “2009
      Guaranteed
      EPS” has
      the
      meaning set forth in Section 4.11.

     

    “2009
      Make Good Shares” has
      the
      meaning set forth in Section 4.11. 

     

    “Action”
      as to
      any Person, means any action, suit, inquiry, notice of violation, proceeding
      (including any partial proceeding such as a deposition) or investigation pending
      or threatened in writing against or affecting such Person, any of such Person’s
      Subsidiaries or any of such Person’s or such Subsidiaries’ respective
      properties, before or by any court, arbitrator, governmental or administrative
      agency, regulatory authority (federal, state, county, local or foreign), stock
      market, stock exchange or trading facility.

     

    “Affiliate”
      means
      any Person that, directly or indirectly through one or more intermediaries,
      controls or is controlled by or is under common control with a Person, as such
      terms are used in and construed under Rule 144.

     

    “After
      Tax Net Income”
      shall
      have the meaning set forth in Section 4.11.

     

    "Available
      Undersubscription Amount"
      has the
      meaning set forth in Section 4.16.

     

    "Basic
      Amount"
      has the
      meaning set forth in Section 4.16.

     

    “Business
      Day”
      means
      any day except Saturday, Sunday and any day which is a federal legal holiday
      or
      a day on which banking institutions in the State of New York or State of Utah
      are authorized or required by law or other governmental action to
      close.

     

    “Buy-In”
      has
      the
      meaning set forth in Section 4.1(c).

     

    “BVI”
      has the
      meaning set forth in the recitals to this Agreement.

     

    “Closing”
      means
      the closing of the purchase and sale of the Shares
      pursuant
      to Article II.

     

    “Closing
      Date”
      means
      the Business Day on which all of the conditions set forth in Sections 5.1 and
      5.2 hereof are satisfied, or such other date as the parties may
      agree.

     

    "Closing
      Escrow Agreement"
      means
      the Closing Escrow Agreement, dated as of the date hereof, among the Company,
      the Investors and the escrow agent (the “Escrow
      Agent”)
      identified therein, in the form of Exhibit
      A
      hereto,
      as may be amended from time to time pursuant to Section 6.4 of this
      Agreement.

     

    “Commission”
      means
      the Securities and Exchange Commission.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    “Common
      Stock”
      means
      the common stock of the Company, par value $0.001 per share, and any securities
      into which such common stock may hereafter be reclassified or for which it
      may
      be exchanged as a class.

     

    “Company”
      has
      the
      meaning set forth in the recitals to this Agreement.

     

    “Company
      Entities”
      means
      the Company, BVI, WFOE and all existing Subsidiaries of any such entities and
      any other entities which hereafter become Subsidiaries of any such
      entities.

     

    “Common
      Stock Equivalents”
      means
      any securities of the Company or any Subsidiary which entitle the holder thereof
      to acquire Common Stock at any time, including, without limitation, any debt,
      preferred stock, rights, options, warrants or other instrument that is at any
      time convertible into or exchangeable for, or otherwise entitles the holder
      thereof to receive, Common Stock or other securities that entitle the holder
      to
      receive, directly or indirectly, Common Stock.

     

    “Company
      U.S. Counsel”
      means
      Heller Ehrman LLP.

     

    “Company
      Deliverables”
      has the
      meaning set forth in Section 2.2(a).

     

    “Disclosure
      Materials”
      has the
      meaning set forth in Section 3.1(h).

     

    “Earnings
      Per Share” shall
      have the meaning set forth in Section 4.11.

     

    “Effective
      Date”
      means
      the date that the Registration Statement required by Section 2(a) of the
      Registration Rights Agreement is first declared effective by the
      Commission.

     

    “Evaluation
      Date” has
      the
      meaning set forth in Section 3.1(s).

     

    “Exchange”
      has the
      meaning set forth in the recitals to this Agreement.

     

    “Exchange
      Act”
      means
      the Securities Exchange Act of 1934, as amended.

     

    “Exchange
      Agreement”
      has the
      meaning set forth in the recitals to this Agreement.

     

    “Existing
      Company Entities”
      means
      the Company, BVI, WFOE and their respective Subsidiaries.

     

    “GAAP”
      means
      U.S. generally accepted accounting principles.

     

    “Holdback
      Escrow Agreement” means
      the
      Holdback Escrow Agreement, dated as of the date hereof, by
      and
      among
      the Company, the Investors and Escrow Agent, in the form of Exhibit
      E
      hereto.

     

    “Intellectual
      Property Rights”
      has the
      meaning set forth in Section 3.1(p).

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “Intellectual
      Property Rights Licensing Agreements” has
      the
      meaning set forth in Section 3.1(p).

     

    “Investment
      Amount”
      means,
      with respect to each Investor, the Investment Amount indicated on such
      Investor’s signature page to this Agreement, which is also reflected on the
      Schedule of Investors attached hereto as Appendix
      A.

     

    “Investor
      Deliverables”
      has the
      meaning set forth in Section 2.2(b).

     

    “Investor
      Party”
      has the
      meaning set forth in Section 4.7.

     

    “Lien”
      means
      any lien, charge, encumbrance, security interest, right of first refusal, right
      of participation or other restrictions of any kind.

     

    Lockup
      Agreement”
      means
      the Lockup Agreement, dated as of the date hereof, by and between the Company
      and each person listed as a signatory thereto, in the form attached as
Exhibit
      C
      hereto.

     

    “Losses”
      has the
      meaning set forth in Section 4.7.

     

    “Make
      Good Escrow Agreement” means
      the
      Make Good Escrow Agreement, dated as of the date hereof, among the Company,
      Roth
      Capital Partners, LLC, the escrow agent identified therein (the “Make
      Good Escrow Agent”),
      the
      Make Good Pledgor and the Investors, in the form of Exhibit
      D
      hereto,
      as may be amended from time to time pursuant to Section 6.4 of this
      Agreement.

     

    “Make
      Good Pledgor” means
      Mr.
      Kunio Yamamoto. 

     

    “Material
      Adverse Effect”
      means
      any of (i) a material and adverse effect on the legality, validity or
      enforceability of any Transaction Document, (ii) a material and adverse effect
      on the results of operations, assets, properties, prospects, business or
      condition (financial or otherwise) of the Company and the Subsidiaries, taken
      as
      a whole, or (iii) a material and adverse impairment to the Company’s ability to
      perform on a timely basis its material obligations under any Transaction
      Document, or the Exchange Agreement.

     

    “Money
      Laundering Laws”
has
      the
      meaning set forth in Section 3.1(gg).

     

    “New
      York Courts”
      means
      the state and federal courts sitting in the City of New York, Borough of
      Manhattan.

     

    “Notice”
      has
      the
      meaning set forth in Section 4.13.

     

    "Notice
      of Acceptance"
      has the
      meaning set forth in Section 4.16.

     

    "Offer"
      has the
      meaning set forth in Section 4.16.

     

    "Offer
      Notice"
      has the
      meaning set forth in Section 4.16.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    "Offer
      Period"
      has the
      meaning set forth in Section 4.16.

     

    "Offered
      Securities"
      has the
      meaning set forth in Section 4.16.

     

    “OFAC”
      has the
      meaning set forth in Section 3.1(ee).

     

    “Outside
      Date”
      means
      the fifteenth calendar day (if such calendar day is a Trading Day and if not,
      then the first Trading Day following such fifteenth calendar day) following
      the
      date of this Agreement.

     

    “Per
      Share Purchase Price”
      equals
      $0.21.

     

    “Person”
      means an
      individual or corporation, partnership, trust, incorporated or unincorporated
      association, joint venture, limited liability company, joint stock company,
      government (or an agency or subdivision thereof) or other entity of any
      kind.

     

    “PRC”
means,
      for the purpose of this Agreement, the People’s Republic of China, not including
      Taiwan, Hong Kong and Macau.

     

    “Proceeding”
      means an
      action, claim, suit, investigation or proceeding (including, without limitation,
      an investigation or partial proceeding, such as a deposition), whether commenced
      or, to the knowledge of the Company, threatened.

     

    “Questionnaire”
      has the
      meaning set forth in Section 5.2(d).

     

    "Refused
      Securities"
      has the
      meaning set forth in Section 4.16.

     

    “Registration
      Rights Agreement”
      means
      the Registration Rights Agreement, dated as of the date hereof, among the
      Company and the Investors, in the form of Exhibit
      B
      hereto.

     

    “Registration
      Statement”
      means a
      registration statement meeting the requirements set forth in the Registration
      Rights Agreement and covering the resale by the Investors of the
      Shares.

     

    “Rule
      144”
      means
      Rule 144 promulgated by the Commission pursuant to the Securities Act, as such
      Rule may be amended from time to time, or any similar rule or regulation
      hereafter adopted by the Commission having substantially the same effect as
      such
      Rule.

     

    “SEC
      Reports”
      has the
      meaning set forth in Section 3.1(h).

     

    “Securities”
      means
      Shares, Selling Stockholder Shares and Make Good Shares, if ever Make Good
      Shares are due to be delivered pursuant to the Transaction
      Documents.

     

    “Securities
      Act”
      means
      the Securities Act of 1933, as amended.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    “Selling
      Stockholder Shares” means
      the
      shares of Common Stock being offered and sold by the Selling Stockholder to
      the
      Investors hereunder in such number as is set forth below the Selling
      Stockholder’s signature to this Agreement.

     

    “Share
      Delivery Date”
      has the
      meaning set forth in Section 4.1(c).

     

    “Shares”
      means
      the shares of Common Stock being issued and sold to the Investors by the Company
      hereunder.

     

    “Short
      Sales”
      include,
      without limitation, all “short sales” as defined in Rule 200 promulgated under
      Regulation SHO under the Exchange Act and all types of direct and indirect
      stock
      pledges, forward sale contracts, options, puts, calls, swaps and similar
      arrangements (including on a total return basis), and sales and other
      transactions through non-US broker dealers or foreign regulated
      brokers.

     

    "Subsequent
      Placement"
      has the
      meaning set forth in Section 4.16.

     

    “Subsequent
      Placement Agreement” has
      the
      meaning set forth in Section 4.16.

     

    “Subsidiary”
      of any
      Person means any “subsidiary” as defined in Rule 1-02(x) of the Regulation S-X
      promulgated by the Commission under the Exchange Act of such Person.
      Notwithstanding anything to the contrary set forth in any Transaction Document,
      BVI, WFOE and their respective subsidiaries are each considered a Subsidiary
      of
      the Company.

     

    “Trading
      Day”
      means
      (i) a day on which the Common Stock is traded on a Trading Market or (ii) if
      the
      Common Stock is not quoted on any Trading Market, a day on which the Common
      Stock is quoted in the over-the-counter market as reported by the Pink Sheets
      LLC (or any similar organization or agency succeeding to its functions of
      reporting prices); provided, that in the event that the Common Stock is not
      listed or quoted as set forth in (i) or (ii) hereof, then Trading Day shall
      mean
      a Business Day.

     

    “Trading
      Market”
      means
      whichever of the New York Stock Exchange, the American Stock Exchange, the
      NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market
      or OTC Bulletin Board on which the Common Stock is listed or quoted for trading
      on the date in question.

     

    “Transaction
      Documents”
      means
      this Agreement, the Registration Rights Agreement, the Closing Escrow Agreement,
      the Make Good Escrow Agreement, the Holdback Escrow Agreement, the Lockup
      Agreement and any other documents or agreements executed in connection with
      the
      transactions contemplated hereunder.

     

    “Transfer
      Agent”
      means
      Interwest Transfer Company, Inc., the current transfer agent of the Company
      with
      a mailing address of 1981 East Murray Holladay Road, Suite 100, P.O. Box 17136,
      Salt Lake City, Utah 84117 and a facsimile number of (801)277-3147, and any
      successor transfer agent of the Company.

    

    "Trigger
      Date"
      has the
      meaning set forth in Section 4.16.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    "Undersubscription
      Amount"
      has the
      meaning set forth in Section 4.16.

    

    “WFOE”
      has the
      meaning set forth in the recitals to this Agreement.

     

    ARTICLE
      2.

    PURCHASE
      AND SALE

     

    2.1.  Closing.
      

     

    (a)  Subject
      to the terms and conditions set forth in this Agreement, at the Closing: (i)
      the
      Company shall issue and sell to each Investor, and each Investor shall,
      severally and not jointly, purchase from the Company Shares in such number
      as
      equals the quotient (rounded down to the nearest whole share) obtained by
      dividing (1) 85.71% of such Investor’s Investment Amount by (2) the Per Share
      Purchase Price; and (ii) the Selling Stockholder shall sell to each Investor,
      and each Investor shall, severally and not jointly, purchase from the Selling
      Stockholder, Selling Stockholder Shares in such number as equals the quotient
      (rounded down to the nearest whole share) obtained by dividing (1) 14.29% of
      such Investor’s Investment Amount by (2) the Per Share Purchase Price. The
      Closing shall take place at the offices of Winston & Strawn LLP, counsel to
      Roth Capital Partners, LLC, located at 200 Park Avenue, New York, NY 10166
      or at
      such other location as the parties may agree.

     

    (b)  The
      Company and the Selling Stockholder will cooperate with one another, and will
      cause the Selling Stockholder Shares to be issued to the Investors at Closing
      as
      part of a single stock certificate from the Company to each Investor that will
      include all Shares and Selling Stockholder Shares being acquired by such
      Investor under this Agreement. In furtherance thereof, the Selling Stockholder
      hereby (i) instructs the Company to retain and cause to be delivered to the
      Investors at Closing in accordance with Section 2.2 such number of shares of
      Common Stock otherwise deliverable to the Selling Stockholder under the Exchange
      Agreement as equals the total number of Selling Stockholder Shares subject
      to
      sale to Investors hereunder, and (ii) agrees to deliver to the Company such
      documents (including legal opinions) as the Company may require to effect the
      transfer of such shares to the name of the Investors at the Closing, including
      executed stock powers.

     

    2.2.  Closing
      Deliveries.
      (a)
      At the
      Closing, the Company shall deliver or cause to be delivered to each Investor
      the
      following (the “Company
      Deliverables”):

     

    (i)  a
      single
      certificate representing that number of aggregate Shares and Selling Stockholder
      Shares to be issued and sold at Closing to such Investor, determined under
      Section 2.1(a), registered in the name of such Investor;

     

    (ii)  the
      legal
      opinion of Company U.S. Counsel, in agreed form, addressed to the Investors;
      and

     

    (iii)  the
      legal
      opinion of special PRC counsel to WFOE and the Company, in agreed form,
      addressed to the Investors.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (b)  By
      the
      Closing, each Investor shall deliver or cause to be delivered the agreements
      specified in Section 5.2(d), each duly signed by such Investor (collectively,
      the “Investor
      Deliverables”).
      

     

    (c)  Within
      two Trading Days following the date of this Agreement, each Investor shall
      deliver to the Escrow Agent for deposit and disbursement in accordance with
      the
      Closing Escrow Agreement, its Investment Amount, in United States dollars and
      in
      immediately available funds, by wire transfer to an account designated in
      writing by the Company for such purpose.

     

    ARTICLE
      3.

    REPRESENTATIONS
      AND WARRANTIES

     

    3.1.  Representations
      and Warranties of the Company.
      The
      Company, BVI and WFOE hereby jointly and severally make the following
      representations and warranties to each Investor:

     

    (a)  Subsidiaries.
      None of
      the Existing Company Entities have any direct or indirect Subsidiaries other
      than as disclosed in the SEC Reports. Except as disclosed in the SEC Reports,
      (i) the Company owns, directly or indirectly, all of the capital stock of each
      other Existing Company Entity, and each other Existing Company Entity alone
      or
      together with other Existing Company Entities owns, directly or indirectly,
      all
      of the capital stock of its respective Subsidiaries, in each case free and
      clear
      of any and all Liens, and (ii) all the issued and outstanding shares of capital
      stock of each Existing Company Entity and each Subsidiary are validly issued
      and
      are fully paid, non-assessable and free of preemptive and similar rights.

     

    (b)  Organization
      and Qualification.
      Each
      Existing Company Entity is duly incorporated or otherwise organized, validly
      existing and in good standing under the laws of the jurisdiction of its
      incorporation or organization (as applicable), with the requisite power and
      authority to own and use its respective properties and assets and to carry
      on
      its respective business as currently conducted and as specified in the Exchange
      Agreement and Current Report on Form 8-K to be filed in accordance with Section
      4.5 herein. No Existing Company Entity is in violation of any of the provisions
      of its respective certificate or articles of incorporation, bylaws or other
      organizational or charter documents. Each Existing Company Entity is duly
      qualified to conduct its respective businesses and is in good standing as a
      foreign corporation or other entity in each jurisdiction in which the nature
      of
      the business conducted or property owned by it makes such qualification
      necessary, except where the failure to be so qualified or in good standing,
      as
      the case may be, could not, individually or in the aggregate, have or reasonably
      be expected to result in a Material Adverse Effect.

     

    (c)  Authorization;
      Enforcement.
      Each
      Existing Company Entity which is or is to become party to any Transaction
      Document and the Exchange Agreement has the requisite corporate and other power
      and authority to enter into and to consummate the transactions contemplated
      by
      each such Transaction Document and the Exchange Agreement to which it is a
      party
      and otherwise to carry out its obligations thereunder. The execution and
      delivery of the Transaction Documents, by each Existing Company Entity to be
      party thereto and the consummation by each of them of the transactions
      contemplated thereby have been duly authorized by all necessary action on the
      part of such Existing Company Entity, and no further action is required by
      any
      of them in connection with such authorization. Each Transaction Document and
      the
      Exchange Agreement has been (or upon delivery will have been) duly executed
      by
      the Company, each other Existing Company Entity required to execute the same
      and
      each Subsidiary (to the extent any of them is a party thereto) and, when
      delivered in accordance with the terms hereof, will constitute the valid and
      binding obligation of the Company, such Existing Company Entity and such
      Subsidiary, enforceable against the Company, the Existing Company Entity and
      the
      Subsidiary, as the case may be, each in accordance with its terms, except as
      such enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization, moratorium, liquidation or similar laws relating to, or
      affecting generally the enforcement of, creditors’ rights and remedies or by
      other equitable principles of general application. The execution and delivery
      of
      the Exchange Agreement by each party thereto and the consummation by each of
      them of the transactions contemplated thereby have been duly authorized by
      all
      necessary action on the part of each such party thereto, and no further action
      is required by any of them in connection with such authorization. The Exchange
      Agreement has
      been
      duly executed by each party thereto and will constitute the valid and binding
      obligation of each party thereto enforceable against each party thereto in
      accordance with its terms, except as such enforceability may be limited by
      applicable bankruptcy, insolvency, reorganization, moratorium, liquidation
      or
      similar laws relating to, or affecting generally the enforcement of, creditors’
rights and remedies or by other equitable principles of general
      application.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (d)  No
      Conflicts.
      The
      execution, delivery and performance of the Transaction Documents by the Company,
      and each other Existing Company Entity and Subsidiary (to the extent a party
      thereto) and the consummation by the Company, and such other Existing Company
      Entities and Subsidiaries, of the transactions contemplated thereby and the
      sale
      of the Selling Stockholder Shares hereunder do not and will not (i) conflict
      with or violate any provision of the Company’s, such Existing Company Entity’s
      or any Subsidiary’s certificate or articles of incorporation, bylaws or other
      organizational or charter documents, or (ii) conflict with, or constitute a
      default (or an event that with notice or lapse of time or both would become
      a
      default) under, or give to others any rights of termination, amendment,
      acceleration or cancellation (with or without notice, lapse of time or both)
      of,
      any agreement, credit facility, debt or other instrument (evidencing an Existing
      Company Entity or Subsidiary debt or otherwise) or other understanding to which
      any Existing Company Entity or any Subsidiary is a party or by which any
      property or asset of the Company or any Subsidiary is bound or affected, or
      (iii) result in a violation of any law, rule, regulation, order, judgment,
      injunction, decree or other restriction of any United States or PRC court or
      governmental authority to which the Company or a Subsidiary is subject
      (including federal and state securities laws and regulations), or by which
      any
      property or asset of the Company or a Subsidiary is bound or affected; except
      in
      the case of each of clauses (ii) and (iii), such as could not, individually
      or
      in the aggregate, have or reasonably be expected to result in a Material Adverse
      Effect. 

     

    (e)  Filings,
      Consents and Approvals.
      No
      Existing Company Entity is required to obtain any consent, waiver, authorization
      or order of, give any notice to, or make any filing or registration with, any
      United States or PRC court or other federal, state, local or other governmental
      authority or other Person in connection with the execution, delivery and
      performance by the Company and each Subsidiary to the extent such Subsidiary
      is
      a party thereto of the Transaction Documents or by reason of the sale of the
      Selling Stockholder Shares hereunder, other than (i) the filing with the
      Commission of one or more Registration Statements in accordance with the
      requirements of the Registration Rights Agreement, (ii) filings required by
      state securities laws, (iii) the filing of a Notice of Sale of Securities on
      Form D with the Commission under Regulation D of the Securities Act, (iv) the
      filings required in accordance with Section 4.5, (v) filings, consents and
      approvals required by the rules and regulations of the applicable Trading
      Market, (vi) those that have been made or obtained prior to the date of this
      Agreement, (vii) registrations, notices or filings required to be made in order
      to comply with the currency and exchange control requirements imposed by the
      Chinese government and/or Chinese law, if any, and (vii) other post closing
      securities filings or notifications required to be made under federal or state
      securities laws. To the knowledge of the Company, the Selling Stockholder is
      not
      required to obtain any consent, waiver, authorization or order of, give any
      notice to, or make any filing or registration with, any United State or People’s
      Republic of China court or other federal, state, local or other governmental
      authority or any other Person in connection with the execution, delivery and
      performance by him of the Transaction Documents or by reason of the sale of
      the
      Selling Stockholder Shares hereunder.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (f)  Issuance
      of the Shares.
      The
      Shares have been duly authorized and, when issued and paid for in accordance
      with the Transaction Documents, will be duly and validly issued, fully paid
      and
      nonassessable, free and clear of all Liens. As of the Closing, the Company
      has
      reserved from its duly authorized capital stock the shares of Common Stock
      issuable pursuant to this Agreement in order to issue the Shares. When issued,
      the Selling Stockholder Shares were duly authorized and were validly issued,
      fully paid and nonassessable. The Selling Stockholder is the sole record owner
      of the Selling Stockholder Shares to be sold hereunder.

     

    (g)  Capitalization.
      The
      number of shares and type of all authorized, issued and outstanding capital
      stock of the Company, and all shares of Common Stock reserved for issuance
      under
      the Company’s various option and incentive plans, is specified in Schedule
      3.1(g).
      All of
      the outstanding shares of the Common Stock and any other outstanding security
      of
      the Company have been duly and validly authorized and validly issued, fully
      paid
      and nonassessable and were issued in accordance with the registration or
      qualification provisions of the Securities Act, or pursuant to valid exemptions
      therefrom. Except as specified in Schedule
      3.1(g),
      no
      securities of any Existing Company Entity are entitled to preemptive or similar
      rights, and no Person has any right of first refusal, preemptive right, right
      of
      participation, or any similar right to participate in the transactions
      contemplated by the Transaction Documents. Except as specified in Schedule
      3.1(g),
      there
      are no outstanding options, warrants, scrip rights to subscribe to, calls or
      commitments of any character whatsoever relating to, or securities, rights
      or
      obligations convertible into or exchangeable for, or giving any Person any
      right
      to subscribe for or acquire, any shares of Common Stock, or contracts,
      commitments, understandings or arrangements by which the Company or any
      Subsidiary is or may become bound to issue additional shares of Common Stock,
      or
      securities or rights convertible or exchangeable into shares of Common Stock.
      The issue and sale of the Shares and the Selling Stockholder Shares hereunder
      will not, immediately or with the passage of time, obligate the Company or
      any
      Subsidiary to issue shares of Common Stock or other securities to any Person
      (other than the Investors) and will not result in a right of any holder of
      Company or Subsidiary securities to adjust the exercise, conversion, exchange
      or
      reset price under such securities. Except as set forth in Schedule
      3.1(g),
      no
      Existing Company Entity has issued any capital stock in a private placement
      transaction, including, without limitation, in a transaction commonly referred
      to in the PRC as a “1 1⁄2 transaction.”

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (h)  SEC
      Reports; Financial Statements.
      The
      Company has filed all reports required to be filed by it under the Securities
      Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof,
      for the twelve months preceding the date hereof (or such shorter period as
      the
      Company was required by law to file such reports), including, for this purpose,
      the draft of the current report on Form 8-K that will be filed by the Company
      to
      disclose the transactions contemplated by the Exchange Agreement (the foregoing
      materials being collectively referred to herein as the “SEC
      Reports”
      and,
      together with the Schedules to this Agreement (if any), the “Disclosure
      Materials”)
      on a
      timely basis or has timely filed a valid extension of such time of filing and
      has filed any such SEC Reports prior to the expiration of any such extension.
      As
      of their respective dates, to the knowledge of the Company, the SEC Reports
      complied in all material respects with the requirements of the Securities Act
      and the Exchange Act and the rules and regulations of the Commission promulgated
      thereunder, and none of the SEC Reports, when filed, contained any untrue
      statement of a material fact or omitted to state a material fact required to
      be
      stated therein or necessary in order to make the statements therein, in light
      of
      the circumstances under which they were made, not misleading. The financial
      statements of the Company and each Subsidiary included in the SEC Reports comply
      in all material respects with applicable accounting requirements and the rules
      and regulations of the Commission with respect thereto as in effect at the
      time
      of filing. Such financial statements have been prepared in accordance with
      GAAP
      applied on a consistent basis during the periods involved, except as may be
      otherwise specified in such financial statements or the notes thereto, and
      fairly present in all material respects the financial position of the Company
      and its consolidated Subsidiaries as of and for the dates thereof and the
      results of operations and cash flows for the periods then ended, subject, in
      the
      case of unaudited statements, to normal, immaterial, year-end audit
      adjustments.

     

    (i)  Press
      Releases.
      To the
      knowledge of the Company, the press releases disseminated by the Company during
      the twelve months preceding the date of this Agreement taken as a whole do
      not
      contain any untrue statement of a material fact or omit to state a material
      fact
      required to be stated therein or necessary in order to make the statements
      therein, in light of the circumstances under which they were made and when
      made,
      not misleading.

     

    (j)  Material
      Changes.
      Aside
      from the transactions contemplated by this Agreement and the Exchange Agreement,
      except as specifically disclosed in the SEC Reports, since September 30, 2007
      (i) there has been no event, occurrence or development that has had or that
      could reasonably be expected to result in a Material Adverse Effect, (ii) no
      Existing Company Entity has incurred any liabilities (contingent or otherwise)
      other than (A) trade payables, accrued expenses and other liabilities incurred
      in the ordinary course of business consistent with past practice and (B)
      liabilities not required to be reflected in the Company’s or its Subsidiaries’
financial statements pursuant to GAAP or required to be disclosed in filings
      made with the Commission, (iii) other than the GAAP conforming adjustments
      the
      Existing Company Entities have made in connection with their assumption of
      public company status in connection with the Exchange Agreement, no Existing
      Company Entity has altered its method of accounting or the identity of its
      auditors, (iv) no Existing Company Entity has declared or made any dividend
      or
      distribution of cash or other property to its stockholders or purchased,
      redeemed or made any agreements to purchase or redeem any shares of its capital
      stock, and (v) no Existing Company Entity has issued any equity securities
      to
      any officer, director or Affiliate, except pursuant to existing Company stock
      option plans. The Company does not have pending before the Commission any
      request for confidential treatment of information.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (k)  Litigation.
      There
      is no Action which (i) adversely affects or challenges the legality, validity
      or
      enforceability of any of the Transaction Documents or the Shares or (ii) except
      as specifically disclosed in the SEC Reports, could, if there were an
      unfavorable decision, individually or in the aggregate, have or reasonably
      be
      expected to result in a Material Adverse Effect. No Existing Company Entity,
      nor
      any director or officer thereof (in his or her capacity as such), is or has
      been
      the subject of any Action involving a claim of violation of or liability under
      federal or state securities laws or a claim of breach of fiduciary duty, except
      as specifically disclosed in the SEC Reports. There has not been, and to the
      knowledge of the Company, there is not pending any investigation by the
      Commission involving any Existing Company Entity or any of their respective
      current or former directors or officers (in his or her capacity as such). The
      Commission has not issued any stop order or other order suspending the
      effectiveness of any registration statement filed by the Company or any
      Subsidiary under the Exchange Act or the Securities Act.

     

    (l)  Labor
      Relations.
      No
      material labor dispute exists or, to the knowledge of the Company, is imminent
      with respect to any of the employees of any Existing Company Entity.

     

    (m)  Indebtedness;
      Compliance.
      Except
      as disclosed on Schedule
      3.1(m),
      no
      Existing Company Entity is a party to any indenture, debt, capital lease
      obligations, mortgage, loan or credit agreement by which it or any of its
      properties is bound. No Existing Company Entity (i) is in default under or
      in
      violation of (and no event has occurred that has not been waived that, with
      notice or lapse of time or both, would result in a default by such Existing
      Company Entity under), nor has any Existing Company Entity received notice
      of a
      claim that it is in default under or that it is in violation of, any indenture,
      loan or credit agreement or any other agreement or instrument to which it is
      a
      party or by which it or
      any of
      its properties is bound (whether
      or not such default or violation has been waived), (ii) is in violation of
      any
      order of any court, arbitrator or governmental body, or (iii) is or has been
      in
      violation of any statute, rule or regulation of any governmental authority,
      including, without limitation all foreign, federal, state and local laws
      relating to taxes, environmental protection, occupational health and safety,
      product quality and safety and employment and labor matters, except in each
      case
      as could not, individually or in the aggregate, have or reasonably be expected
      to result in a Material Adverse Effect. The Exchange Agreement complies with
      all
      applicable laws, rules and regulations of the United States and the PRC. The
      Company is in compliance with all effective requirements of the Sarbanes-Oxley
      Act of 2002, as amended, and the rules and regulations thereunder that are
      applicable to it, except where such noncompliance could not have or reasonably
      be expected to result in a Material Adverse Effect.

     

    (n)  Regulatory
      Permits.
      The
      Existing Company Entities possess all certificates, authorizations and permits
      issued by the appropriate federal, state, local or foreign regulatory
      authorities necessary to conduct their respective businesses as described in
      the
      SEC Reports, except where the failure to possess such permits could not,
      individually or in the aggregate, have or reasonably be expected to result
      in a
      Material Adverse Effect, and no Existing Company Entity has received any notice
      of proceedings relating to the revocation or modification of any such
      permits.

     

    
      
        
        

      

      
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    (o)  Title
      to Assets.
      The
      Existing Company Entities have valid land use rights for all real property
      that
      is material to their respective businesses and good and marketable title in
      all
      personal property owned by them that is material to their respective businesses,
      in each case free and clear of all Liens, except for Liens as do not materially
      affect the value of such property and do not materially interfere with the
      use
      made and proposed to be made of such property by such Existing Company Entity.
      Any real property and facilities held under lease by any Existing Company Entity
      are held by them under valid, subsisting and enforceable leases of which such
      Existing Company Entity is in compliance, except as could not, individually
      or
      in the aggregate, have or reasonably be expected to result in a Material Adverse
      Effect.

     

    (p)  Patents
      and Trademarks.
      Schedule
      3.1(p)
      has
      disclosed patents, patent applications, trademarks, trademark applications,
      service marks, trade names, copyrights, licenses and other similar rights that
      the Existing Company Entities own or have the rights to use (collectively,
      the
“Intellectual
      Property Rights”).
      The
      Intellectual Property Rights constitute all of the patents, patent applications,
      trademarks, trademark applications, service marks, trade names, copyrights,
      licenses and other similar rights that are necessary and material to the
      business of the Existing Company Entities in connection with their respective
      businesses as described in the SEC
      Reports.
      No
      Existing Company Entity has received a written notice that the Intellectual
      Property Rights used by any of them violates or infringes upon the rights of
      any
      Person. Except as otherwise disclosed in the Schedule
      3.1(p),
      to the
      knowledge of the Existing Company Entities, all such Intellectual Property
      Rights are enforceable and there is no existing infringement by another Person
      of any of the Intellectual Property Rights. To the knowledge of the Existing
      Company Entities, no former or current employee, no former or current
      consultant, and no third-party joint developer of any Existing Company Entity
      has any Intellectual Property Rights that are necessary and material to the
      business of the Existing Company Entities made, developed, conceived, created
      or
      written by the aforesaid employee, consultant or third-party joint developer
      during the period of his or her retention by, or joint venture with, such
      Existing Company Entity which has been asserted against any Existing Company
      Entity. The
      Intellectual Property Rights and the owner thereof or agreement through which
      they are licensed to any of the Existing Company Entity are set forth on
Schedule
      3.1(p).
      By the
      Closing, the WFOE shall have entered into agreements by which it is granted
      irrevocable, exclusive, licenses on all Intellectual Property Rights that are
      necessary and material to its business and that are registered to or owned
      by
      any Person other than the WFOE or its predecessor. Such agreements together
      with
      the licensing agreements disclosed on Schedule
      3.1(p)
      are
      collectively the “Intellectual
      Property Rights Licensing Agreements.”
The
      Existing Company Entities will take such action as may be required, including
      making and maintaining the filings set forth on Schedule
      3.1(p)
      and
      shall cause any such transfers of Intellectual Property Rights to the
      WFOE to be granted as is required in order for the WFOE to become the
      registered owner (in its current name) of all such Intellectual Property Rights
      (including, without limitation, the entering into of any Intellectual Property
      Right Licensing Agreements as may be necessary).  

     

    
      
        
        

      

      
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    (q)  Insurance.
      Each
      Existing Company Entity is insured by insurers of recognized financial
      responsibility against such losses and risks and in such amounts as are prudent
      and customary in the businesses it is engaged and in the country in which the
      Existing Company Entities operate. The Company has no reason to believe that
      it
      or any Existing Company Entity will not be able to renew its existing respective
      insurance coverage as and when such coverage expires or to obtain similar
      coverage from similar insurers as may be necessary to continue its business
      on
      terms consistent with market for the Company’s and such other Existing Company
      Entity’s respective lines of business.

     

    (r)  Transactions
      With Affiliates and Employees; Customers.
      Except
      as set forth in the SEC Reports, none of the officers, directors or 5%
      or
      more shareholders
      of any
      Existing Company Entity, and, to the knowledge of the Company, none of the
      employees of any Existing Company Entity, is presently a party to any
      transaction with any Existing Company Entity (other than for services as
      employees, officers and directors), including any contract, agreement or other
      arrangement providing for the furnishing of services to or by, providing for
      rental of real or personal property to or from, or otherwise requiring payments
      to or from any such Person or, to the knowledge of the Company, any entity
      in
      which any officer, director, or such employee or 5% or more shareholder has
      a
      substantial interest or is an officer, director, trustee or partner. None of
      the
      Existing Company Entities owes any money or other compensation to any of their
      respective officers or directors or shareholders, except to extent of ordinary
      course compensation arrangements specified in the SEC Reports. No material
      customer of any Existing Company Entity has indicated their intention to
      diminish their relationship with such Existing Company Entity and no Existing
      Company Entity has any knowledge from which it could reasonably conclude that
      any such customer relationship may be adversely affected.

     

    (s)  Internal
      Accounting Controls.
      The
      Existing Company Entities maintain a system of internal accounting controls
      sufficient to provide reasonable assurance that (i) transactions are executed
      in
      accordance with management’s general or specific authorizations, (ii)
      transactions are recorded as necessary to permit preparation of financial
      statements in conformity with GAAP and to maintain asset accountability, (iii)
      access to assets is permitted only in accordance with management’s general or
      specific authorization, and (iv) the recorded accountability for assets is
      compared with the existing assets at reasonable intervals and appropriate action
      is taken with respect to any differences. The Company is establishing disclosure
      controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
      15d-15(e)) for the Company Entities and designed such disclosure controls and
      procedures to ensure that material information relating to the Company Entities
      is made known to the certifying officers by others within those entities,
      particularly during the period in which the Company’s Form 10-KSB or 10-QSB, as
      the case may be, is being prepared. The Company’s certifying officers have
      evaluated the effectiveness of the Company’s controls and procedures in
      accordance with Item 307 of Regulation S-B under the Exchange Act for the
      Company’s most recently ended fiscal quarter or fiscal year-end (such date, the
“Evaluation
      Date”).
      The
      Company presented in its most recently filed Form 10-KSB or Form 10-QSB the
      conclusions of the certifying officers about the effectiveness of the disclosure
      controls and procedures based on their evaluations as of the Evaluation Date.
      

     

    
      
        
        

      

      
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    (t)  Solvency.
      Based
      on the financial condition of the Company, including the Existing Company
      Entities, as of the Closing Date (and assuming that the Closing shall have
      occurred), (i) each Existing Company Entity’s assets do not constitute
      unreasonably small capital to carry on their respective business for the current
      fiscal year as now conducted and as proposed to be conducted including its
      capital needs taking into account the particular capital requirements of the
      business conducted by such Existing Company Entity, and projected capital
      requirements and capital availability thereof and (ii) the current cash flow
      of
      such Existing Company Entity, together with the proceeds such Existing Company
      Entities would receive, were they to liquidate all of their respective assets,
      after taking into account all anticipated uses of the cash, would be sufficient
      to pay all amounts on or in respect of its debt when such amounts are required
      to be paid. The Existing Company Entities do not intend to incur debts beyond
      their respective ability to pay such debts as they mature (taking into account
      the timing and amounts of cash to be payable on or in respect of its
      debt).

     

    (u)  Certain
      Fees.
      Except
      as described in Schedule
      3.1(u),
      no
      brokerage or finder’s fees or commissions are or will be payable by any Existing
      Company Entity to any broker, financial advisor or consultant, finder, placement
      agent, investment banker, bank or other Person with respect to the transactions
      contemplated by this Agreement. The Investors shall have no obligation with
      respect to any fees or with respect to any claims (other than such fees or
      commissions owed by an Investor pursuant to written agreements executed by
      such
      Investor which fees or commissions shall be the sole responsibility of such
      Investor) made by or on behalf of other Persons for fees of a type contemplated
      in this Section that may be due in connection with the transactions contemplated
      by this Agreement.

     

    (v)  Certain
      Registration Matters.
      Assuming the accuracy of the Investors’ representations and warranties set forth
      in Sections 3.3(b)-(e), no registration under the Securities Act is required
      for
      the offer and sale of the Shares by the Company and the Selling Stockholder
      Shares (as applicable) to the Investors under the Transaction Documents. The
      Company is eligible to register its Common Stock for resale by the Investors
      under Form S-1 promulgated under the Securities Act. Except as specified in
      Schedule
      3.1(v),
      no
      Existing Company Entity has granted or agreed to grant to any Person other
      than
      the Investors pursuant to the Registration Rights Agreement any rights
      (including “piggy-back” registration rights) to have any securities of the
      Company registered with the Commission or any other governmental authority
      that
      have not been satisfied.

     

    (w)  Listing
      and Maintenance Requirements.
      The
      Company is, and has no reason to believe that it will not in the foreseeable
      future continue to be, in compliance with the listing and maintenance
      requirements for continued listing of the Common Stock on the Trading Market
      on
      which the Common Stock is currently listed or quoted. The issuance and sale
      of
      the Shares under the Transaction Documents does not contravene the rules and
      regulations of the Trading Market on which the Common Stock is currently listed
      or quoted, and no approval of the stockholders of the Company thereunder is
      required for the Company to issue and deliver to the Investors the Shares as
      contemplated by the Transaction Documents.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    (x)  Investment
      Company.
      The
      Company is not, and is not an Affiliate of, and immediately following the
      Closing will not have become, an “investment company” within the meaning of the
      Investment Company Act of 1940, as amended.

     

    (y)  Application
      of Takeover Protections.
      The
      Company has taken all necessary action, if any, in order to render inapplicable
      any control share acquisition, business combination, poison pill (including
      any
      distribution under a rights agreement) or other similar anti-takeover provision
      under the Company’s Certificate of Incorporation (or similar charter documents)
      or the laws of its state of incorporation that is or could become applicable
      to
      the Investors as a result of the Investors and the Company fulfilling their
      obligations or exercising their rights under the Transaction Documents,
      including, without limitation, the Company’s issuance of the Shares and the
      Investors’ ownership of the Shares. 

     

    (z)  No
      Additional Agreements.
      No
      Existing Company Entity has any agreement or understanding with any Investor
      with respect to the transactions contemplated by the Transaction Documents
      other
      than as specified in the Transaction Documents.

     

    (aa)  Consultation
      with Auditors.
      The
      Company has consulted its independent auditors concerning the accounting
      treatment of the transactions contemplated by the Transaction Documents, and
      in
      connection therewith has furnished such auditors complete copies of the
      Transaction Documents.

     

    (bb)  Make
      Good Shares.
      Make
      Good Pledgor is the sole record and beneficial owner of the 2008 Make Good
      Shares and 2009 Make Good Shares, and holds such shares free and clear of all
      Liens.

     

    (cc)  Foreign
      Corrupt Practices Act.
      No
      Existing Company Entity, nor to the knowledge of the Company, any agent or
      other
      person acting on behalf of any Existing Company Entity, has, directly or
      indirectly, (i) used any funds, or will use any proceeds from the sale of the
      Shares, for unlawful contributions, gifts, entertainment or other unlawful
      expenses related to foreign or domestic political activity, (ii) made any
      unlawful payment to foreign or domestic government officials or employees or
      to
      any foreign or domestic political parties or campaigns from corporate funds,
      (iii) failed to disclose fully any contribution made by the Company or any
      such
      Existing Company Entity (or made by any Person acting on their behalf of which
      the Company is aware) which is in violation of law, or (iv) has violated in
      any
      material respect any provision of the Foreign Corrupt Practices Act of 1977,
      as
      amended, and the rules and regulations thereunder.

     

    (dd)  PFIC.
      No
      Existing Company Entity is or intends to become a “passive foreign investment
      company” within the meaning of Section 1297 of the U.S. Internal Revenue Code of
      1986, as amended.

     

    (ee)  OFAC.
      No
      Existing Company Entity nor, to the knowledge of the Company, any director,
      officer, agent, employee, Affiliate or Person acting on behalf of any Existing
      Company Entity, is currently subject to any U.S. sanctions administered by
      the
      Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”);
      and
      the Company will not directly or indirectly use the proceeds of the sale of
      the
      Shares, or lend, contribute or otherwise make available such proceeds to any
      Subsidiary, joint venture partner or other Person or entity, towards any sales
      or operations in Cuba, Iran, Syria, Sudan, Myanmar or any other country
      sanctioned by OFAC or for the purpose of financing the activities of any Person
      currently subject to any U.S. sanctions administered by OFAC.

     

    
      
        
        

      

      
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    (ff)  Money
      Laundering Laws.
      The
      operations of each Existing Company Entity are and have been conducted at all
      times in compliance with the money laundering statutes of applicable
      jurisdictions, the rules and regulations thereunder and any related or similar
      rules, regulations or guidelines, issued, administered or enforced by any
      applicable governmental agency (collectively, the “Money
      Laundering Laws”)
      and no
      action, suit or proceeding by or before any court or governmental agency,
      authority or body or any arbitrator involving any Existing Company Entity with
      respect to the Money Laundering Laws is pending or, to the best knowledge of
      the
      Company, threatened.

     

    (gg)  Other
      Representations and Warranties Relating to WFOE.
      

     

    (i)  All
      material consents, approvals, authorizations or licenses requisite under PRC
      law
      for the due and proper establishment and operation of WFOE have been duly
      obtained from the relevant PRC governmental authorities and are in full force
      and effect. 

     

    (ii)  All
      filings and registrations with the PRC governmental authorities required in
      respect of WFOE and its capital structure and operations including, without
      limitation, the registration with the Ministry of Commerce, the State
      Administration of Industry and or their respective local divisions of Commerce,
      the State Administration of Foreign Exchange, tax bureau and customs authorities
      have been duly completed in accordance with the relevant PRC rules and
      regulations, except where, the failure to complete such filings and
      registrations does not, and would not, individually or in the aggregate, have
      a
      Material Adverse Effect.

     

    (iii)  WFOE
      has
      complied with all relevant PRC laws and regulations regarding the contribution
      and payment of its registered share capital, the payment schedule of which
      has
      been approved by the relevant PRC governmental authorities. There are no
      outstanding commitments made by the Company or any Subsidiary to sell any equity
      interest in WFOE.

     

    (iv)  WFOE
      has
      not received any letter or notice from any relevant PRC governmental authority
      notifying it of revocation of any licenses or qualifications issued to it or
      any
      subsidy granted to it by any PRC governmental authority for non-compliance
      with
      the terms thereof or with applicable PRC laws, or the lack of compliance or
      remedial actions in respect of the activities carried out by WFOE, except such
      revocation as does not, and would not, individually or in the aggregate, have
      a
      Material Adverse Effect.

     

    (v)  WFOE
      has
      conducted its business activities within the permitted scope of business or
      has
      otherwise operated its business in compliance with all relevant legal
      requirements and with all requisite licenses and approvals granted by competent
      PRC governmental authorities other than such non-compliance that do not, and
      would not, individually or in the aggregate, have a Material Adverse Effect.
      As
      to licenses, approvals and government grants and concessions requisite or
      material for the conduct of any material part of WFOE’s business which is
      subject to periodic renewal, the Company has no knowledge of any reasons related
      to the WFOE for which such requisite renewals will not be granted by the
      relevant PRC governmental authorities.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    (vi)  With
      regard to employment and staff or labor, WFOE has complied with all applicable
      PRC laws and regulations in all material respects, including without limitation,
      laws and regulations pertaining to welfare funds, social benefits, medical
      benefits, insurance, retirement benefits, pensions or the like, other than
      such
      non-compliance that do not, and would not, individually or in the aggregate,
      have a Material Adverse Effect.

     

    (hh)  Company
      Policies.
      To the
      knowledge of the Company, the sale of the Selling Stockholder Shares by the
      Selling Stockholder in the manner described in this Agreement does not violate
      any policies or procedures established by the Company.

     

    (ii)  Accountants.
      There
      are no disagreements of any kind presently existing, or reasonably anticipated
      by the Company to arise, between the accountants formerly or presently employed
      by the Company, that would, individually or in the aggregate, have or reasonably
      be expected to result in, a Material Adverse Effect. 

     

    (jj)  Disclosure.
      Neither
      any Company Entity nor any Person acting on its behalf has provided any Investor
      or its respective agents or counsel with any information that any Company Entity
      believes constitutes material, non-public information concerning the Company,
      the Subsidiaries or their respective businesses, except insofar as the existence
      and terms of the proposed transactions contemplated hereunder may constitute
      such information. The Company understands and confirms that the Investors will
      rely on the foregoing representations and covenants in effecting transactions
      in
      securities of the Company. To the knowledge of the Company, the representations
      and warranties of the Selling Stockholder are true and correct in all material
      respects. All disclosure provided to the Investors regarding the Company
      Entities and their respective businesses and the transactions contemplated
      hereby, furnished by or on behalf of the Company Entities (including their
      respective representations and warranties set forth in this Agreement and the
      disclosure set forth in any diligence report or business plan provided by any
      Company Entity or any Person acting on such Company Entity’s behalf, if any) are
      true and correct and do not contain any untrue statement of a material fact
      or
      omit to state any material fact necessary in order to make the statements made
      therein, in light of the circumstances under which they were made, not
      misleading.

     

    3.2.  Representations
      and Warranties of the Selling Stockholder.
      The
      Selling Stockholder hereby makes the following representations and warranties
      to
      each Investor:

     

    (a)  Enforcement.
      This
      Agreement has been duly executed and delivered by the Selling Stockholder and
      constitutes the valid and binding obligation of the Selling Stockholder,
      enforceable against him in accordance with its terms except as such
      enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization, moratorium, liquidation or similar laws relating to, or
      affecting generally the enforcement of, creditors’ rights and remedies or by
      other equitable principles of general application.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    (b)  No
      Consents.
      No
      consent, approval, authorization or order of, or any filing or declaration
      with,
      any United State or People’s Republic of China court or governmental agency or
      body or other Person is required in connection with the consummation by the
      Selling Stockholder of the transactions on its part contemplated by the
      Transaction Documents, except (i) filings as may be required under Sections
      13(d) and 16(a) of the Exchange Act, and (ii) those that have been made or
      obtained prior to the date of this Agreement.

     

    (c)  No
      Conflicts.
      The
      execution, delivery and performance by the Selling Stockholder of the
      Transaction Documents to which it is a party and the consummation of the
      transactions contemplated thereby do not and will not result in a breach or
      violation of, or constitute a default under (with or without notice or lapse
      of
      time), any stockholders agreement, voting trust agreement, pledge, registration
      rights agreement or other agreement or instrument to which the Selling
      Stockholder or any of his properties are bound or affected, and will not violate
      or conflict with any judgment, decree or order of any United States or People’s
      Republic of China court or other governmental agency or any law, rule or
      regulation applicable to the Selling Stockholder, in each case such as could
      not
      have or result in a Material Adverse Effect.

     

    (d)  Certain
      Registration Matters.
      Assuming the accuracy of the Investors’ representations and warranties set forth
      in Sections 3.3(b)-(d) and in the Investors’ Questionnaires, no registration
      under the Securities Act is required for the purchase and sale of the Selling
      Stockholder Shares to the Investors hereunder.

     

    (e)  Good
      and Marketable Title.
      The
      Selling Stockholder is the sole lawful record and sole beneficial owner of
      all
      of the Selling Stockholder Shares to be sold by it hereunder. The Selling
      Stockholder has good and marketable title to the Selling Stockholder Shares
      to
      be sold by it hereunder, free and clear of any Liens, except for restrictions
      on
      subsequent transfer imposed by United States securities laws. Upon consummation
      of the Closing, the Investors will have good and marketable title to the Selling
      Stockholder Shares purchased by them, free and clear of all Liens created by
      or
      through the Selling Stockholder.

     

    (f)  Certain
      Fees.
      Except
      as described in Schedule
      3.2(f),
      no
      brokerage or finder's fees or commissions are or will be payable by the Selling
      Stockholder to any broker, financial advisor or consultant, finder, placement
      agent, investment banker, bank or other Person with respect to the transactions
      contemplated by this Agreement. The Investors shall have no obligation with
      respect to any fees or with respect to any claims (other than such fees or
      commissions owed by an Investor pursuant to written agreements executed by
      such
      Investor which fees or commissions shall be the sole responsibility of such
      Investor) made by or on behalf of other Persons for fees of a type contemplated
      in this Section that may be due in connection with the transactions contemplated
      by this Agreement. 

     

    (g)  No
      Additional Agreements.
      The
      Selling Stockholder does not have any agreement or understanding with any
      Investor or with the Company with respect to the transactions contemplated
      by
      the Transaction Documents other than as specified in the Transaction
      Documents.

     

    (h)  Company
      Policies.
      The
      sale of the Selling Stockholder Shares by the Selling Stockholder does not
      violate any policies or procedures established by the Company.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    3.3.  Representations
      and Warranties of the Investors

     

    .
      Each
      Investor hereby, for itself and for no other Investor, represents and warrants
      to the Company and the Selling Stockholder as follows:

     

    (a)  Organization;
      Authority.
      Such
      Investor is an entity duly organized, validly existing and in good standing
      under the laws of the jurisdiction of its organization with the requisite
      corporate or partnership power and authority to enter into and to consummate
      the
      transactions contemplated by the Transaction Documents to which it is a party
      or
      a signatory and otherwise to carry out its obligations thereunder. The
      execution, delivery and performance by such Investor of the transactions
      contemplated by this Agreement has been duly authorized by all necessary
      corporate or, if such Investor is not a corporation, such partnership, limited
      liability company or other applicable like action, on the part of such Investor.
      Each Transaction Document executed by such Investor has been duly executed
      by
      such Investor, and when delivered by such Investor in accordance with the terms
      hereof, will constitute the valid and legally binding obligation of such
      Investor, enforceable against it in accordance with its terms, except as such
      enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization, moratorium, liquidation or similar laws relating to, or
      affecting generally the enforcement of, creditors’ rights and remedies or by
      other equitable principles of general application.

     

    (b)  Investment
      Intent.
      Such
      Investor is acquiring the Shares as principal for its own account for investment
      purposes and not with a view to or for distributing or reselling such Shares
      or
      any part thereof, without prejudice, however, to such Investor’s right at all
      times to sell or otherwise dispose of all or any part of such Shares in
      compliance with applicable federal and state securities laws. Subject to the
      immediately preceding sentence, nothing contained herein shall be deemed a
      representation or warranty by such Investor to hold the Shares for any period
      of
      time. Such Investor is acquiring the Shares hereunder in the ordinary course
      of
      its business. Such Investor does not have any agreement or understanding,
      directly or indirectly, with any Person to distribute any of the
      Shares.

     

    (c)  Investor
      Status.
      At the
      time such Investor was offered the Shares, it was, and at the date hereof it
      is,
      an “accredited investor” as defined in Rule 501(a) under the Securities Act.
      Such Investor is not a registered broker-dealer under Section 15 of the Exchange
      Act. Such Investor has such experience in business and financial matters that
      it
      is capable of evaluating the merits and risks of an investment in the Shares.
      Such Investor acknowledges that an investment in the Shares is speculative
      and
      involves a high degree of risk.

     

    (d)  General
      Solicitation.
      Such
      Investor is not purchasing the Shares as a result of any advertisement, article,
      notice, meeting, or other communication regarding the Shares published in any
      newspaper, magazine or similar media or broadcast over television or radio
      or
      presented at any seminar or any other general solicitation or general
      advertisement.

     

    (e)  Access
      to Information.
      Such
      Investor acknowledges that it has reviewed the Disclosure Materials and has
      been
      afforded (i) the opportunity to ask such questions as it has deemed necessary
      of, and to receive answers from, representatives of the Company concerning
      the
      terms and conditions of the offering of the Shares and the merits and risks
      of
      investing in the Shares; (ii) access to information about the Company and the
      Subsidiaries and their respective financial condition, results of operations,
      business, properties, management and prospects sufficient to enable it to
      evaluate its investment; and (iii) the opportunity to obtain such additional
      information that the Company possesses or can acquire without unreasonable
      effort or expense that is necessary to make an informed investment decision
      with
      respect to the investment. Neither such inquiries nor any other investigation
      conducted by or on behalf of such Investor or its representatives or counsel
      shall modify, amend or affect such Investor’s right to rely on the truth,
      accuracy and completeness of the Disclosure Materials and the Existing Company
      Entities’ representations and warranties contained in the Transaction
      Documents.

     

    
      
        
        

      

      
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    (f)  Certain
      Trading Activities.
      Such
      Investor has not directly or indirectly, nor has any Person acting on behalf
      of
      or pursuant to any understanding with such Investor, engaged in any transactions
      in the securities of the Company (including, without limitations, any Short
      Sales involving the Company’s securities) since the earlier to occur of (1) the
      time that such Investor was first contacted by the Company or Roth Capital
      Partners, LLC regarding an investment in the Company and (2) the 30th
      day
      prior to the date of this Agreement. Such Investor covenants that neither it
      nor
      any Person acting on its behalf or pursuant to any understanding with it will
      engage in any transactions in the securities of the Company (including Short
      Sales) prior to the time that the transactions contemplated by this Agreement
      are publicly disclosed.

     

    (g)  Independent
      Investment Decision.
      Such
      Investor has independently evaluated the merits of its decision to purchase
      the
      Shares pursuant to the Transaction Documents, and such Investor confirms that
      it
      has not relied on the advice of any other Investor’s business and/or legal
      counsel in making such decision. Such Investor has not relied on the business
      or
      legal advice of Roth Capital Partners, LLC or any of its agents, counsel or
      Affiliates in making its investment decision hereunder, and confirms that none
      of such Persons has made any representations or warranties to such Investor
      in
      connection with the transactions contemplated by the Transaction
      Documents.

     

    (h)  Rule 144.
      Such
      Investor understands that the Securities must be held indefinitely unless such
      Securities are registered under the Securities Act or an exemption from
      registration is available. Such Investor acknowledges that it is familiar with
      Rule 144 and that such Investor has been advised that Rule 144 permits
      resales only under certain circumstances. Such Investor understands that to
      the
      extent that Rule 144 is not available, such Investor will be unable to sell
      any Securities without either registration under the Securities Act or the
      existence of another exemption from such registration requirement.

     

    (i)  General.
      Such
      Investor understands that the Securities are being offered and sold in reliance
      on a transactional exemption from the registration requirements of federal
      and
      state securities laws and the Company is relying upon the truth and accuracy
      of
      the representations, warranties, agreements, acknowledgments and understandings
      of such Investor set forth herein in order to determine the applicability of
      such exemptions and the suitability of such Investor to acquire the Securities.
      Such Investor understands that no United States federal or state agency or
      any
      government or governmental agency has passed upon or made any recommendation
      or
      endorsement of the Securities.

     

    
      
        
        

      

      
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    The
      Existing Company Entities acknowledge and agree that no Investor has made or
      makes any representations or warranties with respect to the transactions
      contemplated hereby other than those specifically set forth in this Section
      3.3.

     

    ARTICLE
      4.

    OTHER
      AGREEMENTS OF THE PARTIES

     

    4.1.  Transferability;
      Certificate.
      (a)
      Securities
      may only be disposed of in compliance with state and federal securities laws.
      In
      connection with any transfer of the Securities other than pursuant to an
      effective registration statement, to the Company, to an Affiliate of an Investor
      or in connection with a pledge as contemplated in Section 4.1(b), the Company
      may require the transferor thereof to provide to the Company an opinion of
      counsel selected by the transferor, the form and substance of which opinion
      shall be reasonably satisfactory to the Company, to the effect that such
      transfer does not require registration of such transferred Securities under
      the
      Securities Act.

     

    (b)  Certificates
      evidencing Securities (as defined in Section 4.1(c)) will contain the following
      legend, until such time as they are not required under Section
      4.1(c):

     

    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED WITH THE
      SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE
      IN
      RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933,
      AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR
      SOLD
      EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
      ACT
      OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
      TO,
      THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
      APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL
      TO
      THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY
      ACCEPTABLE TO THE COMPANY. THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH
      A
      BONA FIDE MARGIN ACCOUNT SECURED BY SUCH SECURITIES.

     

    The
      Company acknowledges and agrees that an Investor may from time to time pledge,
      and/or grant a security interest in some or all of the Securities pursuant
      to a
      bona fide margin agreement in connection with a bona fide margin account and,
      if
      required under the terms of such agreement or account, such Investor may
      transfer pledged or secured Securities to the pledgees or secured parties.
      Such
      a pledge or transfer would not be subject to approval or consent of the Company
      and no legal opinion of legal counsel to the pledgee, secured party or pledgor
      shall be required in connection with the pledge, but such legal opinion may
      be
      required in connection with a subsequent transfer following default by the
      Investor transferee of the pledge. No notice shall be required of such pledge.
      At the appropriate Investor’s expense, the Company will execute and deliver such
      reasonable documentation as a pledgee or secured party of Securities may
      reasonably request in connection with a pledge or transfer thereof including
      the
      preparation and filing of any required prospectus supplement under Rule
      424(b)(3) of the Securities Act or other applicable provision of the Securities
      Act to appropriately amend the list of selling stockholders thereunder. Except
      as otherwise provided in Section 4.1(c), any Securities subject to a pledge
      or
      security interest as contemplated by this Section 4.1(b) shall continue to
      bear
      the legend set forth in this Section 4.1(b) and be subject to the restrictions
      on transfer set forth in Section 4.1(a).

     

    
      
        
        

      

      
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    (c)  Certificates
      evidencing Securities shall not contain any legend (including the legend set
      forth in Section 4.1(b)): (i) while a registration statement (including the
      Registration Statement) covering such Securities is then effective, or (ii)
      following a sale or transfer of such Securities pursuant to Rule 144 (assuming
      the transferee is not an Affiliate of the Company), or (iii) while such
      Securities are eligible for sale by the selling Investor without volume
      restrictions under Rule 144. The Company agrees that following the Effective
      Date or such other time as legends are no longer required to be set forth on
      certificates representing Securities under this Section 4.1(c), it will, no
      longer than three Trading Days following the delivery by an Investor to the
      Company or the Transfer Agent of a certificate representing such Securities
      containing a restrictive legend, deliver or instruct the Transfer Agent to
      deliver to such Investor, Securities which are free of all restrictive and
      other
      legends. If the Company is then eligible, certificates for Securities subject
      to
      legend removal hereunder shall be transmitted by the Transfer Agent to an
      Investor by crediting the prime brokerage account of such Investor with the
      Depository Trust Company System as directed by such Investor. If an Investor
      shall make a sale or transfer of Securities either (x) pursuant to Rule 144
      or
      (y) pursuant to a registration statement and in each case shall have delivered
      to the Company or the Company’s transfer agent the certificate representing the
      applicable Securities containing a restrictive legend which are the subject
      of
      such sale or transfer and a representation letter in customary form (the
      date
      of such sale or transfer and Securities delivery being the “Share
      Delivery Date”)
      and (1)
      the Company shall fail to deliver or cause to be delivered to such Investor
      a
      certificate representing such Securities that is free from all restrictive
      or
      other legends by the third Trading Day following the Share Delivery Date and
      (2)
      following such third Trading Day after the Share Delivery Date and prior to
      the
      time such Securities are received free from restrictive legends, the Investor,
      or any third party on behalf of such Investor, purchases (in an open market
      transaction or otherwise) shares of Common Stock to deliver in satisfaction
      of a
      sale by the Investor of such Securities (a "Buy-In"),
      then,
      in addition to any other rights available to the Investor under the Transaction
      Documents and applicable law, the Company shall pay in cash to the Investor
      (for
      costs incurred either directly by such Investor or on behalf of a third party)
      the amount by which the total purchase price paid for Common Stock as a result
      of the Buy-In (including brokerage commissions, if any) exceed the proceeds
      received by such Investor as a result of the sale to which such Buy-In relates.
      The Investor shall provide the Company written notice indicating the amounts
      payable to the Investor in respect of the Buy-In. The Company may not make
      any
      notation on its records or give instructions to any transfer agent of the
      Company that enlarge the restrictions on transfer set forth in this
      Section.

     

    
      
        
        

      

      
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    4.2.  Furnishing
      of Information.
      As long
      as any Investor owns any Securities and cannot sell the Securities without
      volume limitation without the timely filing of all such reports, the Company
      covenants to timely file (or obtain extensions in respect thereof and file
      within the applicable grace period) all reports required to be filed by the
      Company after the date hereof pursuant to the Exchange Act. As long as any
      Investor owns Securities, if the Company is not required to file reports
      pursuant to such laws, it will prepare and furnish to the Investors and make
      publicly available in accordance with Rule 144(c) such information as is
      required for the Investors to sell the Securities under Rule 144. The Company
      further covenants that it will take such further action as any holder of
      Securities may reasonably request, all to the extent required from time to
      time
      to enable such Person to sell the Securities without registration under the
      Securities Act within the limitation of the exemptions provided by Rule
      144.

     

    4.3.  Integration.
      The
      Company shall not, and shall use its best efforts to ensure that no Affiliate
      of
      the Company shall, sell, offer for sale or solicit offers to buy or otherwise
      negotiate in respect of any security (as defined in Section 2 of the Securities
      Act) that would be integrated with the offer or sale of the Shares in a manner
      that would require the registration under the Securities Act of the sale of
      the
      Shares to the Investors, or that would be integrated with the offer or sale
      of
      the Shares for purposes of the rules and regulations of any Trading Market
      in a
      manner that would require stockholder approval of the sale of the Shares to
      the
      Investors.

     

    4.4.  Subsequent
      Registrations.
      The
      Company may not file any registration statement (other than on Form S-8) with
      the Commission with respect to any securities of the Company prior to the time
      that all Shares are registered pursuant to one or more effective Registration
      Statement(s), and the prospectuses forming a portion of such Registration
      Statement(s) is available for the resale of all Shares.

     

    4.5.  Securities
      Laws Disclosure; Publicity.
      By 5:00
      p.m. (New York time) on the Trading Day following the Closing Date, the Company
      shall issue a press release, disclosing the transactions contemplated by the
      Transaction Documents (including, without limitation, details with respect
      to
      the make good provision and thresholds (i.e. After Tax Net Income and Earnings
      Per Share) contained in Section 4.11 herein as well as the revenue benchmarks
      for the Company for each of the fiscal years ending December 31, 2008 and
      December 31, 2009 related to the Make Good Shares) and the Closing. By 5:00
      p.m.
      (New York time) on the fourth Trading Day following the Closing
      Date,
      the
      Company will file a Current Report on Form 8-K, disclosing the material terms
      of
      the Transaction Documents, including details with respect to the make good
      provision and thresholds (i.e. After Tax Net Income and Earnings Per Share)
      contained in Section 4.11 herein (and attach as exhibits thereto this Agreement,
      the Registration Rights Agreement, the Make Good Escrow Agreement, the Holdback
      Escrow Agreement and the Lockup Agreement) and the Closing. The Company
      covenants that following such disclosure, the Investors shall no longer be
      in
      possession of any material, non-public information with respect to any of the
      Existing Company Entities as a result of the transactions contemplated by the
      Exchange Agreement and the Transaction Documents. In addition, the Company
      will
      make such other filings and notices in the manner and time required by the
      Commission and the Trading Market on which the Common Stock is listed.
      Notwithstanding the foregoing, the Company shall not publicly disclose the
      name
      of any Investor, or include the name of any Investor in any filing with the
      Commission (other than the Registration Statement and any exhibits to filings
      made in respect of this transaction in accordance with periodic filing
      requirements under the Exchange Act) or any regulatory agency or Trading Market,
      without the prior written consent of such Investor, except to the extent such
      disclosure is required by law or Trading Market regulations.

     

    
      
        
        

      

      
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    4.6.  Limitation
      on Issuance of Future Priced Securities.
      During
      the twelve months following the Closing Date, the Company shall not issue any
      “Future Priced Securities” as such term is described by NASD
      IM-4350-1.

     

    4.7.  Indemnification
      of Investors

     

    (a)  
 In
      addition to the indemnity provided in the Registration Rights Agreement, the
      Company Entities and the Selling Stockholder will jointly and severally
      indemnify and hold the Investors and their directors, officers, shareholders,
      partners, employees and agents (each, an “Investor
      Party”)
      harmless from any and all losses, liabilities, obligations, claims,
      contingencies, damages, costs and expenses, including all judgments, amounts
      paid in settlements, court costs and reasonable attorneys’ fees and costs of
      investigation in respect thereof that lead to an allegation of indemnity
      hereunder (collectively, “Losses”)
      that
      any such Investor Party may suffer or incur as a result of or relating to any
      misrepresentation, breach or inaccuracy of any representation, warranty,
      covenant or agreement made by any of the Company Entities in any Transaction
      Document. In addition to the indemnity contained herein, the Company will
      reimburse each Investor Party for its reasonable legal and other expenses
      (including the cost of any investigation, preparation and travel in connection
      therewith if an allegation for indemnity hereunder follows) incurred in
      connection therewith, as such expenses are incurred. 

     

    (b)  Except
      as
      otherwise set forth herein, the mechanics and procedures with respect to the
      rights and obligations under this Section 4.7 shall be the same as those set
      forth in Section 5 of the Registration Rights Agreement.

     

    4.8.  Non-Public
      Information.
      Each of
      the Company and the Selling Stockholder covenants and agrees that neither it,
      any Company Entity nor any other Person acting on its or their behalf will
      provide any Investor or its agents or counsel with any information that the
      Company believes constitutes material non-public information, unless prior
      thereto such Investor shall have executed a written agreement regarding the
      confidentiality and use of such information. Each of the Company and the Selling
      Stockholder understands and confirms that each Investor shall be relying on
      the
      foregoing representations in effecting transactions in securities of the
      Company.

     

    4.9.  Listing
      of Shares.
      The
      Company agrees, (i) if the Company applies to have the Common Stock traded
      on
      any other Trading Market, it will include in such application the Shares, and
      will take such other action as is necessary or desirable to cause the Shares
      to
      be listed on such other Trading Market as promptly as possible, and (ii) the
      Company will take all action reasonably necessary to continue the listing and
      trading of its Common Stock on a Trading Market and will comply in all material
      respects with the Company’s reporting, filing and other obligations under the
      bylaws or rules of the Trading Market.

     

    
      
        
        

      

      
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    4.10.  Use
      of
      Proceeds.
      The
      Company will use the net proceeds from the sale of the Shares hereunder for
      working capital purposes and not for the satisfaction of any portion of the
      Company’s debt (other than payment of trade payables and accrued expenses in the
      ordinary course of the Company’s business and consistent with prior practices),
      or to redeem any Common Stock or Common Stock Equivalents.

     

    4.11.  Make
      Good Shares.
      

     

    (a)  The
      Make
      Good Pledgor
      agrees
      that in
      the
      event that the After Tax Net Income (as defined below) reported in the 2008
      Annual Report is less than $9,000,000 (the “2008
      Guaranteed ATNI”),
      all
      of the 2008 Make Good Shares (as defined below) shall be transferred
      in
      accordance with the Make Good Escrow Agreement to the Investors on a pro-rata
      basis (determined by dividing each Investor’s Investment Amount by the aggregate
      of all Investment Amounts delivered to the Company by the Investors hereunder)
      for no consideration other than their respective Investment Amounts paid to
      the
      Company at Closing. The “2008
      Make Good Shares”
      means
the
      24,705,889 shares of Common Stock (as
      equitably adjusted for any stock splits, stock combinations, stock dividends
      or
      similar transactions)
      required
      to be deposited with the Make Good Escrow Agent pursuant to the Make Good Escrow
      Agreement. In
      the
      event that either (i) the Earnings Per Share (as defined below) reported in the
      2009 Annual Report is less than $0.740 on a fully diluted basis (as equitably
      adjusted for any stock splits, stock combinations, stock dividends or similar
      transactions) (the “2009
      Guaranteed EPS”)
      or
      (ii) the After Tax Net Income reported in the 2009 Annual Report is less than
      95% of $13,000,000 (the “2009
      Guaranteed ATNI”),
      the
      2009 Make Good Shares (as defined below) shall be transferred in accordance
      with
      the Make Good Escrow Agreement to the Investors on a pro rata basis (determined
      by dividing each Investor’s Investment Amount by the aggregate of all Investment
      Amounts delivered to the Company by the Investors hereunder) for no
      consideration other than payment of their respective Investment Amount paid
      to
      the Company at Closing. The “2009
      Make Good Shares”
      means
      the 24,705,874 shares of Common Stock (as equitably adjusted for any stock
      splits, stock combinations, stock dividends or similar transactions) required
      to
      be deposited with the Make Good Escrow Agent pursuant to the Make Good Escrow
      Agreement. In the event that the After Tax Net Income reported in the 2008
      Annual Report is equal to or greater than the 2008 Guaranteed ATNI, no transfer
      of the 2008 Make Good Shares shall be required by the Make Good Pledgor to
      the
      Investors and such 2008 Make Good Shares shall be returned to the Make Good
      Pledgor in accordance with the Make Good Escrow Agreement. In
      the
      event that (i) the Earnings Per Share reported in the 2009
      Annual Report is
      equal to
      or greater than the 2009 Guaranteed EPS and (ii) the After Tax Net Income
      reported in the 2009 Annual Report is equal to or greater than the 2009
      Guaranteed ATNI,
      no
      transfer of the 2009 Make Good Shares shall be required by the Make Good Pledgor
      to the Investors and such 2009 Make Good Shares shall be returned to the Make
      Good Pledgor in accordance with the Make Good Escrow Agreement.
      Any such
      transfer or return of the 2008 Make Good Shares or the 2009 Make Good Shares
      shall be made to the Investors or the Make Good Pledgor, as applicable, within
      10 Business Days after the date which the 2008 Annual Report or 2009 Annual
      Report, as applicable, is filed with
      the
      Commission. Notwithstanding
      the foregoing or anything else to the contrary herein, for purposes of
      determining whether or not the 2008 Guaranteed ATNI, 2009 Guaranteed EPS and
      2009 Guaranteed ATNI have been met, the following items shall not be deemed
      to
      be an expense, charge, or any other deduction from revenues even though GAAP
      may
      require contrary treatment or the Annual Report for the respective fiscal years
      filed with the Commission by the Company may report otherwise:

     

    (i)  the
      release of any of the 2008 Make Good Shares and/or 2009 Make Good Shares to
      the
      Make Good Pledgor as a result of the operation of this Section 4.11 (for
      additional clarity, the Company may disregard any compensation charge or expense
      required to be recognized by the Company under GAAP resulting from the release
      of the 2008 Make Good Shares or 2009 Make Good Shares (as relevant) to Make
      Good
      Pledgor if and to the extent such charge or expense is specified in the
      Company's audited financial statements for the relevant year, as filed with
      the
      Commission); and 

     

    
      
        
        

      

      
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    (ii)  any
      penalty or liquidated damage the Company has accrued or may accrue in the future
      (A) for failing to comply with the terms of Section 4.14(d) of this Agreement
      or
      (B) pursuant to Section 2(f) of the Registration Rights Agreement.

     

    No
      other
      exclusions shall be made for any non-recurring expenses of the Company in
      determining whether any of the 2008 Guaranteed ATNI, 2009 Guaranteed EPS, or
      2009 Guaranteed ATNI have been achieved. For
      purposes of determining whether any of the 2008
      Guaranteed ATNI, 2009 Guaranteed EPS, or 2009 Guaranteed ATNI
      have
      been achieved, the Company may not include any non-operating income including,
      but not limited to, government grants, research grants, proceeds from asset
      sales, etc. in the calculation of the 2008
      Guaranteed ATNI, 2009 Guaranteed EPS, or 2009 Guaranteed ATNI,
      as
      applicable. If
      prior
      to the second anniversary of the filing of either of the 2008 Annual Report
      or
      the 2009 Annual Report (as relevant), the Company or their auditors report
      or
      recognize that the financial statements contained in such report are subject
      to
      amendment or restatement such that the Company would recognize or report
      adjusted After Tax Net Income of less than either of the 2008 Guaranteed ATNI
      or
      2009 Guaranteed ATNI (as relevant) or Earnings Per Share of less than the 2009
      Guaranteed EPS, as applicable, then notwithstanding any prior return
of
      2008
      Make Good Shares or 2009 Make Good Shares
      to the
      Make Good Pledgor, the Make Good Pledgor will, within 10 Business Days following
      the earlier of the filing of such amendment or restatement or recognition,
      deliver the relevant 2008 Make Good Shares or 2009 Make Good Shares to the
      Investors.  “After
      Tax Net Income”
shall
      mean the Company’s operating income after taxes for the fiscal year ending
      December 31, 2008 or December 31, 2009 (as relevant) in each case determined
      in
      accordance with GAAP as reported in the 2008 Annual Report or 2009 Annual Report
      (as relevant). “Earnings
      Per Share”
shall
      mean the Company’s After Tax Net Income (for the relevant fiscal year) divided
      by the weighted average number of shares of Common Stock of the Company
      outstanding during
      the calculation period, calculated on a fully diluted basis. 

    

    (b)  In
      connection with the foregoing,
      the Make
      Good Pledgor
      agrees
      that within three Trading Days following the Closing, the
      Make
      Good Pledgor will
      deposit all 2008 Make Good Shares and 2009 Make Good Shares into escrow in
      accordance with the Make Good Escrow Agreement along with stock powers executed
      in blank (or such other signed instrument of transfer acceptable to the
      Company’s transfer agent), and the handling and disposition of the 2008 Make
      Good Shares and 2009 Make Good Shares shall be governed by this Section 4.11
      and
      the Make Good Escrow Agreement. The
      Company shall notify the Investors as soon as the 2008 Make Good Shares and
      2009
      Make Good Shares have been deposited with the Make Good Escrow Agent.
The
      Make
      Good Pledgor
      understands and agrees that the Investors’ right to receive 2008 Make Good
      Shares and 2009 Make Good Shares pursuant to this Section 4.11 and the Make
      Good
      Escrow Agreement shall continue to run to the benefit of each Investor even
      if
      such Investor shall have transferred or sold all or any portion of its Shares,
      and that each Investor shall have the right to assign its rights to receive
      all
      or any such shares of Common Stock to other Persons in conjunction with
      negotiated sales or transfers of any of its Shares. The Make
      Good
      Pledgor represents and warrants that it has carefully considered and understands
      its obligations and rights under this Section
      4.11 and
      the Make Good Escrow Agreement, and in furtherance thereof (x) has consulted
      with its legal and other advisors with respect thereto and (y) hereby forever
      waives and agrees that it may not assert any equitable defenses in any
      Proceeding involving either of the 2008 Make Good Shares and/or 2009 Make Good
      Shares. 

     

    
      
        
        

      

      
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    (c)  The
      Company covenants and agrees that upon any transfer of 2008 Make Good Shares
      or
      2009 Make Good Shares to the Investors in accordance with the Make Good Escrow
      Agreement, the Company shall promptly instruct its Transfer Agent to reissue
      such 2008 Make Good Shares or 2009 Make Good Shares in the applicable Investor’s
      name and deliver the same as directed by such Investor.

     

    (d)  If
      any
      term or provision of this Section 4.11 contradicts or conflicts with any term
      or
      provision of the Make Good Escrow Agreement, the terms of the Make Good Escrow
      Agreement shall control. 

     

    4.12.  [RESERVED]
      

     

    4.13.  Further
      Assurances. The Company will, and will cause all of the Company Entities and
      their management to, use their best efforts to satisfy all of the closing
      conditions under Section 5.1, and will not take any action which could frustrate
      or delay the satisfaction of such conditions. In addition, either prior to
      or
      following the Closing, each Company Entity signatory hereto will, and will
      cause
      each other Company Entity and its management to, perform, or cause to be done
      and performed, all such further acts and things, and shall execute and deliver
      all such other agreements, certificates, instruments and documents, as any
      other
      party may reasonably request in order to carry out the intent and accomplish
      the
      purposes of this Agreement and the consummation of the transactions contemplated
      hereby.

     

    4.14.  Closing
      Escrow Holdback. The Company and Investors agree that, from the aggregate
      Investment Amounts to be delivered into escrow pursuant to the Closing Escrow
      Agreement, at the Closing $1,750,000 (“Total
      Holdback Amount”)
      shall
      be deposited into escrow and administered in accordance with the Holdback Escrow
      Agreement in order to incentivize the Company to satisfy the following
      conditions:

     

    (a)  Independent
      Board of Directors.
      The
      Company covenants and agrees that no later than 180 days following the Closing
      Date, the Board of Directors of the Company shall be comprised of a minimum
      of
      five members (at least two of whom shall be fluent English speakers who
possess
      experience such that he or she can fulfill his or her fiduciary obligations
      and
      other responsibilities as a director of
      a
      United States publicly listed company), and a majority of which shall be
“independent directors” as such term is defined in NASDAQ Marketplace Rule
      4200(a)(15). Subject to the provisions of this Section 4.14(a), the
      Company agrees that $750,000 (the “Board
      Holdback Escrow Amount”)
      of
      the
      Total Holdback Amount delivered to the Escrow Agent
      pursuant
      to the Closing Escrow Agreement shall remain in escrow post Closing pursuant
      to
      and subject to the provisions of the Holdback Escrow Agreement until such time
      as the Company complies with the obligations set forth in this Section
      4.14(a).

     

    
      
        
        

      

      
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    (b)  Chief
      Financial Officer.
      The
      Company covenants and agrees that no later than 180 days following the Closing
      Date, the Company will hire a full-time chief financial officer who has
      experience as the chief financial officer of a United States public reporting
      company and who is (i) a certified public accountant, (ii) fluent in English,
      and (iii) familiar with (x) GAAP and (y) auditing procedures and compliance
      for
      United States public companies (such a chief financial officer being referred
      to
      as a “Qualified
      CFO”).
      The
      Company shall enter into an employment agreement with the Qualified CFO for
      a
      term of no less than two years. Should the Qualified CFO be dismissed at any
      time prior to the later to occur of the second anniversary of (x) his or her
      employment agreement or (y) the Closing Date, then the Company shall replace
      the
      Qualified CFO with a chief financial officer who fits the criteria set forth
      herein as soon as practicable. By
      9:00
      a.m. (New York time) on the second Trading Day following the hiring of such
      Qualified CFO, the Company will file a Current Report on Form 8-K disclosing
      the
      information required by Item 5.02 of Form 8-K. Subject to the provisions of
      this
      Section 4.14(b), the Company
      agrees that $750,000 (the “CFO
      Holdback Escrow Amount”)
      of
      the
      Total Holdback Amount
      delivered to the Escrow Agent
      pursuant
      to the Closing Escrow Agreement shall remain in escrow post Closing pursuant
      to
      and subject to the provisions of the Holdback Escrow Agreement until such time
      as the Company complies with the obligations set forth in this Section
      4.14(b).

     

    (c)  Investor
      Relations Firm.
      The
      Company covenants and agrees that no later than sixty (60) days following the
      Closing Date, the Company shall have hired either of CCG Elite, Hayden
      Communications, or Integrated Corporate Relations as its investor relations
      firm. Subject to the provisions of this Section 4.14(c), the
      Company agrees that $250,000 (the
      “IR
      Holdback Amount”)
      of the
      Total Holdback Amount delivered
      to the Escrow Agent
      pursuant
      to the Closing Escrow Agreement shall remain in escrow post Closing pursuant
      to
      and subject to the provisions of the Holdback Escrow Agreement, it being
      understood that such IR Holdback Amount will be used by the Company to pay
      such
      firm. The Company may change such investor relations firm upon the prior written
      consent of Pinnacle China Fund, L.P. unless the new investor relations firm
      being hired by the Company is one of CCG
      Elite, Hayden Communications, or Integrated Corporate Relations, in which such
      case no consent will be required.

     

    (d)  Liquidated
      Damages for Failure to Appoint Independent Board and Qualified
      CFO.
      The
      Holdback Escrow Agreement provides for specified partial liquidated damages
      (which the parties agree are not a penalty) should the Company fail for any
      or
      no reason to timely satisfy its obligations under Sections 4.14(a) or 4.14(b).
      If
      any
      term or provision of this Section 4.14 as to the Board Holdback Escrow Amount,
      CFO Holdback Escrow Amount, IR Holdback Amount and/or partial liquidated damages
      is in contradiction of or conflicts with any term or provision of the Holdback
      Escrow Agreement relating thereto, the terms of the Holdback Escrow Agreement
      shall control.

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

     

    4.15.  Audit
      Firm.
      The
      Company covenants and agrees that no later than sixty (60) days following the
      Closing Date, the Company shall have hired Child, Van Wagoner & Bradshaw,
      PLLC as the Company's independent public auditor.

     

    4.16.  Right
      of First Refusal. 

     

    (a)  From
      the
      date hereof until the earlier of (A) the one year anniversary of the Effective
      Date (plus one additional day for each Trading Day following the Effective
      Date
      of any Registration Statement during which either (1) the Registration
      Statement is not effective or (2) the prospectus forming a portion of the
      Registration Statement is not available for the resale of all Registrable
      Securities (as defined in the Registration Rights Agreement)) or (B) July 31,
      2009 (the "Trigger
      Date"),
      the
      Company will not, directly or indirectly, offer, sell, grant any option to
      purchase, or otherwise dispose of (or announce any offer, sale, grant or any
      option to purchase or other disposition of) any of its or its Subsidiaries'
      equity or equity equivalent securities, including, without limitation, any
      debt,
      preferred stock or other instrument or security that is, at any time during
      its
      life and under any circumstances, convertible into or exchangeable or
      exercisable for shares of Common Stock or Common Stock Equivalents (any such
      offer, sale, grant, disposition or announcement being referred to as a
      "Subsequent
      Placement")
      unless
      the Company shall have first complied with this Section 4.16. If the Company
      desires to engage in a Subsequent Placement it shall deliver to each of the
      Investors a written notice to such effect specifying the general terms of the
      offering the Company desires to make (including, without limitation, all
      information relating to price, structure and amount of such offering) and for
      a
      period of at least twenty Business Days after the giving of such notice the
      Company agrees to negotiate in good faith with any Investors responding to
      such
      notice the terms of a sale of the Company’s securities to such responding
      Investors.

     

    (b)  In
      the
      event that the Company shall receive an offer regarding the purchase of the
      Company’s securities or a Subsequent Placement contemplated in the last sentence
      of Section 4.16(a) shall not have closed by the 45th
      Business
      Day following the delivery to the Investors of the written notice for such
      Subsequent Placement, and in either event prior to any Subsequent Placement,
      the
      Company shall deliver to each Investor hereunder a written notice
      (the "Offer
      Notice")
      of any
      proposed or intended issuance or sale or exchange (the "Offer")
      of the
      securities being offered (the "Offered
      Securities")
      in a
      Subsequent Placement, which Offer Notice shall (v) identify and describe the
      Offered Securities, (w) include the final form of documents and agreements
      governing the Subsequent Placement, (x) specify the price and other terms
      upon which the Offered Securities are to be issued, sold or exchanged, and
      the
      number or amount of the Offered Securities to be issued, sold or exchanged,
      (y) identify the persons or entities (if known) to which or with which the
      Offered Securities are to be offered, issued, sold or exchanged and (z) offer
      to
      issue and sell to or exchange with such Investors all of the Offered Securities,
      under the same terms and conditions, allocated among such Investors (a) based
      on
      such Investor's pro rata portion of the total Investment Amount hereunder (the
      "Basic
      Amount"),
      and
      (b) with respect to each Investor that elects to purchase its Basic Amount,
      any
      additional portion of the Offered Securities attributable to the Basic Amounts
      of other Investors as such Investor shall indicate it will purchase or acquire
      should the other Investors subscribe for less than their Basic Amounts (the
      "Undersubscription
      Amount"),
      which
      process shall be repeated until the Investors shall have an opportunity to
      subscribe for any remaining Undersubscription Amount.

     

    
      
        
        

      

      
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    (c)  To
      accept
      an Offer, in whole or in part, such Investor must deliver a written notice
      to
      the Company prior to the end of the fifth Business Day after such Investor's
      receipt of the Offer Notice (the "Offer
      Period"),
      setting forth the portion of such Investor's Basic Amount that such Investor
      elects to purchase and, if such Investor shall elect to purchase all of its
      Basic Amount, the Undersubscription Amount, if any, that such Investor elects
      to
      purchase (in either case, the "Notice
      of Acceptance").
      If
      the Basic Amounts subscribed for by all Investors are less than the total of
      all
      of the Basic Amounts, then each Investor who has set forth an Undersubscription
      Amount in its Notice of Acceptance shall be entitled to purchase, in addition
      to
      the Basic Amounts subscribed for, the Undersubscription Amount it has subscribed
      for; provided,
      however,
      that if
      the Undersubscription Amounts subscribed for exceed the difference between
      the
      total of all the Basic Amounts and the Basic Amounts subscribed for (the
      "Available
      Undersubscription Amount"),
      each
      Investor who has subscribed for any Undersubscription Amount shall be entitled
      to purchase only that portion of the Available Undersubscription Amount as
      the
      Basic Amount of such Investor bears to the total Basic Amounts of all Investors
      that have subscribed for Undersubscription Amounts, subject to rounding by
      the
      Company to the extent its deems reasonably necessary.

     

    (d)  The
      Company shall have twenty Business Days from the expiration of the Offer Period
      above to (i) offer, issue, sell or exchange all or any part of such Offered
      Securities as to which a Notice of Acceptance has not been given by the
      Investors (the "Refused
      Securities"),
      but
      only upon terms and conditions (including, without limitation, unit prices
      and
      interest rates) that are not more favorable to the acquiring person or persons
      or less favorable to the Company than those set forth in the Offer Notice and
      (ii) to publicly announce (a) the execution of such Subsequent Placement
      Agreement (as defined below), and (b) either (x) the consummation of the
      transactions contemplated by such Subsequent Placement Agreement or (y) the
      termination of such Subsequent Placement Agreement, which shall be filed with
      the Commission on a Current Report on Form 8-K with such Subsequent Placement
      Agreement and any documents contemplated therein filed as exhibits thereto.
      If
      no disclosure has been made by the Company by the end of the twenty Business
      Day
      period referred to in this subsection (d), the Subsequent Placement shall be
      deemed to have been abandoned and the Investors shall no longer be deemed to
      be
      in possession of any non-public information with respect to the
      Company.

     

    (e)  In
      the
      event the Company shall propose to sell less than all the Refused Securities
      (any such sale to be in the manner and on the terms specified in this Section
      4.16), then each Investor may, at its sole option and in its sole discretion,
      reduce the number or amount of the Offered Securities specified in its Notice
      of
      Acceptance to an amount that shall be not less than the number or amount of
      the
      Offered Securities that such Investor elected to purchase pursuant to Section
      4.16(c) above multiplied by a fraction, (i) the numerator of which shall be
      the
      number or amount of Offered Securities the Company actually proposes to issue,
      sell or exchange (including Offered Securities to be issued or sold to Investors
      pursuant to Section 4.16(c) above prior to such reduction) and (ii) the
      denominator of which shall be the original amount of the Offered Securities.
      In
      the event that any Investor so elects to reduce the number or amount of Offered
      Securities specified in its Notice of Acceptance, the Company may not issue,
      sell or exchange more than the reduced number or amount of the Offered
      Securities unless and until such securities have again been offered to the
      Investors in accordance with Section 4.16(b) above.

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

     

    (f)  Upon
      the
      closing of the issuance, sale or exchange of all or less than all of the Refused
      Securities, the Investors shall acquire from the Company, and the Company shall
      issue to the Investors, the number or amount of Offered Securities specified
      in
      the Notices of Acceptance, as reduced pursuant to Section 4.16(e) above if
      the
      Investors have so elected, upon the terms and conditions specified in the Offer.
      The purchase by the Investors of any Offered Securities is subject in all cases
      to the preparation, execution and delivery by the Company and the Investors
      of a
      purchase agreement relating to such Offered Securities reasonably satisfactory
      in form and substance to the Investors and their respective counsel (such
      agreement, the “Subsequent
      Placement Agreement”).

     

    (g)  Any
      Offered Securities not acquired by the Investors or other persons in accordance
      with Section 4.16(f) above may not be issued, sold or exchanged until they
      are
      again offered to the Investors under the procedures specified in this
      Agreement.

     

    (h)  In
      exchange for the Company’s willingness to agree to these procedures, each
      Investor hereby irrevocably agrees that it will hold in strict confidence any
      and all Offer Notices, the information contained therein, and the fact that
      the
      Company is contemplating a Subsequent Placement, until such time as the Company
      is obligated to make the disclosures required by Section 4.16(d), or unless
      it
      notifies the Company in writing that it no longer desires to receive Offer
      Notices. 

     

    (i)  The
      rights contained in this Section shall not apply to the issuance and sale by
      the
      Company of (i) shares of Common Stock or Common Stock Equivalents to employees,
      officers, directors, or consultants of the Company, as compensation for their
      services to the Company or any of its direct or indirect Subsidiaries
pursuant
      to arrangements approved by the Board of Directors of the Company,
      (ii)
      shares of Common Stock or Common Stock Equivalents issued as consideration
      for
      the acquisition of another company or business in which the shareholders of
      the
      Company do not have an ownership interest, and where the primary purpose is
      not
      to raise capital for the Company or any Subsidiary, which acquisition has been
      approved by the Board of Directors of the Company, or (iii) up to an aggregate
      of $250,000 worth of shares of Common Stock or Common Stock Equivalents measured
      in terms of market value at the time of the issuance of such Common Stock or
      Common Stock Equivalents issued to non-Affiliates in connection with services
      rendered to the Company pursuant to arrangements approved by the Board of
      Directors of the Company.

     

    ARTICLE
      5.

    CONDITIONS
      PRECEDENT TO CLOSING

     

    5.1.  Conditions
      Precedent to the Obligations of the Investors to Purchase Shares.
      The
      obligation of each Investor to acquire Shares at the Closing is subject to
      the
      satisfaction or waiver by such Investor, at or before the Closing, of each
      of
      the following conditions:

     

    (a)  Representations
      and Warranties.
      The
      representations and warranties of the Existing Company Entities and the Selling
      Stockholder contained herein shall be true and correct in all material respects
      as of the date when made and as of the Closing as though made on and as of
      such
      date;

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

     

    (b)  Performance.
      The
      Existing Company Entities, Selling Stockholder and the Make Good Pledgor shall
      have performed, satisfied and complied in all material respects with all
      covenants, agreements and conditions required by the Transaction Documents
      to be
      performed, satisfied or complied with by it at or prior to the
      Closing;

     

    (c)  No
      Injunction.
      No
      statute, rule, regulation, executive order, decree, ruling or injunction shall
      have been enacted, entered, promulgated or endorsed by any court or governmental
      authority of competent jurisdiction that prohibits the consummation of any
      of
      the transactions contemplated by the Transaction Documents;

     

    (d)  Adverse
      Changes.
      Since
      the date of execution of this Agreement, no event or series of events shall
      have
      occurred that reasonably could have or result in a Material Adverse Effect
      or a
      material adverse change with respect to the Company or the
      Subsidiaries;

     

    (e)  WFOE
      Intellectual Property Rights.
      The
      WFOE shall provide to the Investors evidence acceptable to the Investors that
      all Intellectual Property Rights are either (i) validly owned by the WFOE,
      or
      (ii) (a) if owned by any Person other than the WFOE or its predecessor, subject
      to valid and binding Intellectual Property Right Licensing Agreements which
      may
      not be terminated for any reason until any such Intellectual Property Right
      covered thereby is validly owned by the WFOE, or (b) if owned by the predecessor
      of the WFOE, the application for the change of the registered owner information
      from that of the WFOE’s predecessor to the WFOE’s current name, address and
      other related updates which is or may be required by relevant PRC authorities
      in
      charge of such Intellectual Property is submitted by the WFOE to the relevant
      PRC authority on or before the Closing. 

     

    (f)  PRC
      and BVI Opinions.
      The
      Company shall have delivered to the Investors, and the Investors shall be able
      to rely upon, the legal opinions that the Company shall have received from
      its
      legal counsel in the PRC (which, among other things, shall confirm the legality
      under applicable PRC law of the restructuring being effected with BVI in
      connection with the Exchange) and in the British Virgin Islands;

     

    (g)  Closing
      Officer’s Certificate.
      At the
      Closing, the Company shall have delivered to each Investor an officer’s
      certificate to the effect that each of the conditions specified in Sections
      5.1(a) - 5.1(e) is satisfied in all respects;

     

    (h)  Company
      Agreements.
      The
      Company shall have delivered: 

     

    (i)  This
      Agreement, duly executed by the Company, BVI and WFOE; 

     

    (ii)  The
      Closing Escrow Agreement, duly executed by the Company and the Escrow
      Agent;

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

     

    (iii)  The
      Make
      Good Escrow Agreement, duly executed by all parties thereto (other than the
      Investors); 

     

    (iv)  The
      Registration Rights Agreement, duly executed by the Company; and

     

    (v)  Lockup
      Agreements, duly executed by the Company and each officer of the Company and
      each member of the Board of Directors of the Company. 

     

    (i)  Company
      Deliverables.
      The
      Company shall have delivered the Company Deliverables in accordance with Section
      2.2(a); and

     

    (j)  Termination.
      This
      Agreement shall not have been terminated as to such Investor in accordance
      with
      Section 6.5.

     

    5.2.  Conditions
      Precedent to the Obligations of the Company and the Selling Stockholder to
      Sell
      Securities.
      The
      obligation of the Company and the Selling Stockholder to sell Securities at
      the
      Closing is subject to the satisfaction or waiver by the Company, at or before
      the Closing, of each of the following conditions:

     

    (a)  Representations
      and Warranties.
      The
      representations and warranties of each Investor contained herein shall be true
      and correct in all material respects as of the date when made and as of the
      Closing Date as though made on and as of such date;

     

    (b)  Performance.
      Each
      Investor shall have performed, satisfied and complied in all material respects
      with all covenants, agreements and conditions required by the Transaction
      Documents to be performed, satisfied or complied with by such Investor at or
      prior to the Closing;

     

    (c)  No
      Injunction.
      No
      statute, rule, regulation, executive order, decree, ruling or injunction shall
      have been enacted, entered, promulgated or endorsed by any court or governmental
      authority of competent jurisdiction that prohibits the consummation of any
      of
      the transactions contemplated by the Transaction Documents;

     

    (d)  Investor
      Deliverables.
      Each
      Investor shall have delivered the Registration Rights Agreement, the Closing
      Escrow Agreement and the Make Good Escrow Agreement, each duly executed by
      such
      Investor and a completed Questionnaire (as such term is defined in the
      Registration Rights Agreement) in the form attached as Annex B hereto;
      and

     

    (e) Termination.
      This
      Agreement shall not have been terminated as to such Investor in accordance
      with
      Section 6.5.

     

    ARTICLE
      6.

    MISCELLANEOUS

     

    6.1.  Fees
      and Expenses.
      Each
      party shall pay the fees and expenses of its advisers, counsel, accountants
      and
      other experts, if any, and all other expenses incurred by such party incident
      to
      the negotiation, preparation, execution, delivery and performance of the
      Transaction Documents. Notwithstanding the foregoing, the Company shall pay
      the
      reasonable fees and expenses, including attorney's fees and expenses, up to
      a
      maximum of $15,000 in the aggregate, incurred by Black River Asset Management
      LLC in connection with the transactions contemplated by the Transaction
      Documents. The Company shall pay all stamp and other taxes and duties levied
      in
      connection with the sale of the Shares.

     

    
      
        
        

      

      
        34

        
          

        

      

      
        
        

      

    

     

    6.2.  Entire
      Agreement.
      The
      Transaction Documents, together with the Exhibits and Schedules thereto, contain
      the entire understanding of the parties with respect to the subject matter
      hereof and supersede all prior agreements, understandings, discussions and
      representations, oral or written, with respect to such matters, which the
      parties acknowledge have been merged into such documents, exhibits and
      schedules.

     

    6.3.  Notices.
      Any and
      all notices or other communications or deliveries required or permitted to
      be
      provided hereunder shall be in writing and shall be deemed given and effective
      on the earliest of (a) the date of transmission, if such notice or communication
      is delivered via (i) facsimile (provided the sender receives a machine-generated
      confirmation of successful transmission) at the facsimile number specified
      in
      this Section or (ii) electronic mail (i.e., Email) prior to 6:30 p.m. (New
      York
      City time) on a Trading Day, (b) the next Trading Day after the date of
      transmission, if such notice or communication is delivered via (i) facsimile
      at
      the facsimile number specified in this Section or (ii) electronic mail (i.e.,
      Email) on a day that is not a Trading Day or later than 6:30 p.m. (New York
      City
      time) on any Trading Day, or (c) the Trading Day following the date of mailing,
      if sent by U.S. nationally recognized overnight courier service, or (d) upon
      actual receipt by the party to whom such notice is required to be given, if
      sent
      by any means other than facsimile or Email transmission. The address for such
      notices and communications shall be as follows:

     

    
      	
            	
              If
                to the Company:

            	
              First
                Growth Investors, Inc.

            

      	 	 	301 Hailong Street

      	 	 	Hanting District, Weifang, Shandong
              Province

      	 	 	People's Republic of China
              261101

      	 	 	Facsimile:
              86-536-7363788

      	 	 	Attn.: President

      	 	 	Email:
              zhangjinhua1688@126.com

      	 	 	 

      	 	With a copy to:	Heller Ehrman LLP

      	 	 	35th Floor

      	 	 	One Exchange Square

      	 	 	8 Connaught Place

      	 	 	Central, Hong Kong 

      	 	 	Facsimile: +852 2292
              2200

      	 	 	Email:Simon.Luk@hellerehrman.com

      	 	 	Attn.: Simon Luk,
              Esq.

    

    

    If
      to the
      Selling Stockholder: To
      the
      address set forth on its signature page hereof;

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

     

    If
      to an
      Investor:  To
      the
      address set forth under such Investor’s name on the  signature
      pages hereof;

     

    or
      such
      other address as may be designated in writing hereafter, in the same manner,
      by
      such Person.

     

    6.4.  Amendments;
      Waivers; No Additional Consideration.
      No
      provision of this Agreement may be waived or amended except in a written
      instrument signed by the Company and the Investors holding a majority of the
      Securities at the time of the waiver or amendment and, prior to Closing, the
      Selling Stockholder. In addition, Sections 3.2, 4.7(b) and Article VI may not
      be
      waived or amended except in a written instrument signed by the Investors holding
      a majority of the Securities, the Company and the Selling Stockholder. No waiver
      of any default with respect to any provision, condition or requirement of this
      Agreement shall be deemed to be a continuing waiver in the future or a waiver
      of
      any subsequent default or a waiver of any other provision, condition or
      requirement hereof, nor shall any delay or omission of either party to exercise
      any right hereunder in any manner impair the exercise of any such right. No
      consideration shall be offered or paid to any Investor to amend or consent
      to a
      waiver or modification of any provision of any Transaction Document unless
      the
      same consideration is also offered to all Investors who then hold Shares.

     

    6.5.  Termination.
      This
      Agreement may be terminated prior to Closing:

     

    (a)  by
      written agreement of the Investors and the Company, a copy of which shall be
      provided to the Escrow Agent; and

     

    (b)  by
      the
      Company, the Selling Stockholder, or an Investor (as to itself but no other
      Investor) upon written notice to the other, with a copy to the Escrow Agent,
      if
      the Closing shall not have taken place by 6:30 p.m. Eastern time on the Outside
      Date; provided, that the right to terminate this Agreement under this
      Section 6.5(b) shall not be available to any Person whose failure to comply
      with its obligations under this Agreement has been the cause of or resulted
      in
      the failure of the Closing to occur on or before such time.

     

    In
      the
      event of a termination pursuant to Section 6.5(a) or 6.5(b), each Investor
      shall
      have the right to a return of up to its entire Investment Amount deposited
      with
      the Escrow Agent pursuant to Section 2.2(b)(i), without interest or deduction.
      The Company covenants and agrees to cooperate with such Investor in obtaining
      the return of its Investment Amount, and shall not communicate any instructions
      to the contrary to the Escrow Agent.

     

    In
      the
      event of a termination pursuant to this Section, the Company shall promptly
      notify all non-terminating Investors. Upon a termination in accordance with
      this
      Section 6.5, the Company, terminating Selling Stockholder and the terminating
      Investor(s) shall not have any further obligation or liability (including as
      arising from such termination) to the other and no Investor will have any
      liability to any other Investor under the Transaction Documents as a result
      therefrom.

     

    6.6.  Construction.
      The
      headings herein are for convenience only, do not constitute a part of this
      Agreement and shall not be deemed to limit or affect any of the provisions
      hereof. The language used in this Agreement will be deemed to be the language
      chosen by the parties to express their mutual intent, and no rules of strict
      construction will be applied against any party. This Agreement shall be
      construed as if drafted jointly by the parties, and no presumption or burden
      of
      proof shall arise favoring or disfavoring any party by virtue of the authorship
      of any provisions of this Agreement or any of the Transaction
      Documents.

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

    6.7.  Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the parties and
      their successors and permitted assigns. Neither the Company nor the Selling
      Stockholder may assign this Agreement or any rights or obligations hereunder
      without the prior written consent of the Investors. Any Investor may assign
      any
      or all of its rights under this Agreement to any Person to whom such Investor
      assigns or transfers any Shares, provided such transferee agrees in writing
      to
      be bound, with respect to the transferred Shares, by the provisions hereof
      that
      apply to the “Investors.”

     

    6.8.  No
      Third-Party Beneficiaries.
      This
      Agreement is intended for the benefit of the parties hereto and their respective
      successors and permitted assigns and is not for the benefit of, nor may any
      provision hereof be enforced by, any other Person, except as otherwise set
      forth
      in Section 4.7 (as to each Investor Party).

     

    6.9.  Governing
      Law.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be governed by and construed and enforced in accordance
      with the internal laws of the State of New York, without regard to the
      principles of conflicts of law thereof. Each party agrees that all Proceedings
      concerning the interpretations, enforcement and defense of the transactions
      contemplated by this Agreement and any other Transaction Documents (whether
      brought against a party hereto or its respective Affiliates, employees or
      agents) shall be commenced exclusively in the New York Courts. Each party hereto
      hereby irrevocably submits to the exclusive jurisdiction of the New York Courts
      for the adjudication of any dispute hereunder or in connection herewith or
      with
      any transaction contemplated hereby or discussed herein (including with respect
      to the enforcement of the any of the Transaction Documents), and hereby
      irrevocably waives, and agrees not to assert in any Proceeding, any claim that
      it is not personally subject to the jurisdiction of any such New York Court,
      or
      that such Proceeding has been commenced in an improper or inconvenient forum.
      Each party hereto hereby irrevocably waives personal service of process and
      consents to process being served in any such Proceeding by mailing a copy
      thereof via registered or certified mail or overnight delivery (with evidence
      of
      delivery) to such party at the address in effect for notices to it under this
      Agreement and agrees that such service shall constitute good and sufficient
      service of process and notice thereof. Nothing contained herein shall be deemed
      to limit in any way any right to serve process in any manner permitted by law.
      Each party hereto hereby irrevocably waives, to the fullest extent permitted
      by
      applicable law, any and all right to trial by jury in any legal proceeding
      arising out of or relating to this Agreement or the transactions contemplated
      hereby. If either party shall commence a Proceeding to enforce any provisions
      of
      a Transaction Document, then the prevailing party in such Proceeding shall
      be
      reimbursed by the other party for its reasonable attorneys’ fees and other costs
      and expenses incurred with the investigation, preparation and prosecution of
      such Proceeding.

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

     

    6.10.  Survival.
      The
      representations, warranties, agreements and covenants contained herein shall
      survive the Closing and the delivery of the Shares.

     

    6.11.  Execution.
      This
      Agreement may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart. In the event that any signature is delivered by facsimile
      transmission, such signature shall create a valid and binding obligation of
      the
      party executing (or on whose behalf such signature is executed) with the same
      force and effect as if such facsimile signature page were an original
      thereof.

     

    6.12.  Severability.
      If any
      provision of this Agreement is held to be invalid or unenforceable in any
      respect, the validity and enforceability of the remaining terms and provisions
      of this Agreement shall not in any way be affected or impaired thereby and
      the
      parties will attempt to agree upon a valid and enforceable provision that is
      a
      reasonable substitute therefor, and upon so agreeing, shall incorporate such
      substitute provision in this Agreement.

     

    6.13.  Rescission
      and Withdrawal Right.
      Notwithstanding anything to the contrary contained in (and without limiting
      any
      similar provisions of) the Transaction Documents, whenever any Investor
      exercises a right, election, demand or option under a Transaction Document
      and
      the Company does not timely perform its related obligations within the periods
      therein provided, then such Investor may rescind or withdraw, in its sole
      discretion from time to time upon written notice to the Company, any relevant
      notice, demand or election in whole or in part without prejudice to its future
      actions and rights.

     

    6.14.  Replacement
      of Shares.
      If any
      certificate or instrument evidencing any Shares is mutilated, lost, stolen
      or
      destroyed, the Company shall issue or cause to be issued in exchange and
      substitution for and upon cancellation thereof, or in lieu of and substitution
      therefor, a new certificate or instrument, but only upon receipt of evidence
      reasonably satisfactory to the Company of such loss, theft or destruction and
      customary and reasonable indemnity, if requested. The applicants for a new
      certificate or instrument under such circumstances shall also pay any reasonable
      third-party costs associated with the issuance of such replacement Shares.
      If a
      replacement certificate or instrument evidencing any Shares is requested due
      to
      a mutilation thereof, the Company may require delivery of such mutilated
      certificate or instrument as a condition precedent to any issuance of a
      replacement.

     

    6.15.  Remedies.
      In
      addition to being entitled to exercise all rights provided herein or granted
      by
      law, including recovery of damages, each of the Investors, the Company and
      the
      Selling Stockholder will be entitled to specific performance under the
      Transaction Documents. The parties agree that monetary damages may not be
      adequate compensation for any loss incurred by reason of any breach of
      obligations described in the foregoing sentence and hereby agrees to waive
      in
      any action for specific performance of any such obligation the defense that
      a
      remedy at law would be adequate.

     

    6.16.  Payment
      Set Aside.
      To the
      extent that the Company or any Selling Stockholder makes a payment or payments
      to any Investor pursuant to any Transaction Document or an Investor enforces
      or
      exercises its rights thereunder, and such payment or payments or the proceeds
      of
      such enforcement or exercise or any part thereof are subsequently invalidated,
      declared to be fraudulent or preferential, set aside, recovered from, disgorged
      by or are required to be refunded, repaid or otherwise restored to the Company
      or such Selling Stockholder, a trustee, receiver or any other person under
      any
      law (including, without limitation, any bankruptcy law, state or federal law,
      common law or equitable cause of action), then to the extent of any such
      restoration the obligation or part thereof originally intended to be satisfied
      shall be revived and continued in full force and effect as if such payment
      had
      not been made or such enforcement or setoff had not occurred.

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

     

    6.17.  Independent
      Nature of Investors’ Obligations and Rights.
      The
      obligations of each Investor under any Transaction Document are several and
      not
      joint with the obligations of any other Investor, and no Investor shall be
      responsible in any way for the performance of the obligations of any other
      Investor under any Transaction Document. The decision of each Investor to
      purchase Shares pursuant to the Transaction Documents has been made by such
      Investor independently of any other Investor. Nothing contained herein or in
      any
      Transaction Document, and no action taken by any Investor pursuant thereto,
      shall be deemed to constitute the Investors as a partnership, an association,
      a
      joint venture or any other kind of entity, or create a presumption that the
      Investors are in any way acting in concert or as a group with respect to such
      obligations or the transactions contemplated by the Transaction Documents.
      Each
      Investor acknowledges that no other Investor has acted as agent for such
      Investor in connection with making its investment hereunder and that no Investor
      will be acting as agent of such Investor in connection with monitoring its
      investment in the Shares or enforcing its rights under the Transaction
      Documents. Each Investor shall be entitled to independently protect and enforce
      its rights, including without limitation the rights arising out of this
      Agreement or out of the other Transaction Documents, and it shall not be
      necessary for any other Investor to be joined as an additional party in any
      proceeding for such purpose. Each of the Company and the Selling Stockholder
      acknowledges that each of the Investors has been provided with the same
      Transaction Documents for the purpose of closing a transaction with multiple
      Investors and not because it was required or requested to do so by any
      Investor.

     

    6.18.  Limitation
      of Liability.
      Notwithstanding anything herein to the contrary, each of the Company and the
      Selling Stockholder acknowledges and agrees that the liability of an Investor
      arising directly or indirectly, under any Transaction Document of any and every
      nature whatsoever shall be satisfied solely out of the assets of such Investor,
      and that no trustee, officer, other investment vehicle or any other Affiliate
      of
      such Investor or any investor, shareholder or holder of shares of beneficial
      interest of such a Investor shall be personally liable for any liabilities
      of
      such Investor.

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK

    SIGNATURE
      PAGES FOLLOW]

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Securities Purchase
      Agreement to be duly executed by their respective authorized signatories as
      of
      the date first indicated above.

    
      	 	 	 
	 	FIRST
              GROWTH INVESTORS, INC.
	 
 	 
 	 
 
	
            	By:  	/s/
              Gao
              Zhentao
	 	
              
Name:
              Gao Zhentao
	 	Title:
              Director

    

    
      	 	 	 
	 	BRIGHT STAND INTERNATIONAL
              LIMITED
	 
 	 
 	 
 
	
            	By:  	/s/ Yamamoto
              Kunio
	 	
              
                

              

              Name: Mr. Kunio Yamamoto

              Title: Director

            

    

    
      	 	 	 
	 	WEIFANG YUHE POULTRY CO., LTD. 
	 
 	 
 	 
 
	
            	By:  	/s/ Han
              Chengxiang
	 	
              
                

              

              Name: Mr. Han Chengxiang

              Title: Legal
                Representative

            

      	 	 	 
	 	Only as to Sections 4.11 and 4.13
              herein:
	 
 	 
 	 
 
	
            	By:  	/s/
              Yamamoto Kunio
	 	
              
Mr.
              Kunio Yamamoto

    

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK

    SIGNATURE
      PAGE FOR SELLING STOCKHOLDER FOLLOWS]

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

    

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

    
      	 	 	 
	 	
              NAME
                OF SELLING STOCKHOLDER

            
	 
 	 
 	 
 
	
            	By:  	/s/ Yamamoto
              Kunio
	 	
              
                

              

              Name: Yamamoto
                Kunio

              Title:
                

            
	 	 
	 	Investment Amount:
              ____________________________
	 	 
	 	Tax ID No.:
              ____________________________

    

    
      	 	 	 
	 	 ADDRESS FOR
              NOTICE
	 	 
	 	 c/o: First
              Growth Investors, Inc. 
	 	 
	 	 Street: 301
              Hailong Street, Hanting District 
	 	 
	 	 City/State/Zip: Weifang,
              Shandong Province, People’s Republic of China 
	 	 
	 	 Attention: Yamamoto
              Kunio 
	 	 
	 	 Tel: 86
              536 736 3688 
	 	 
	 	 Fax: 86
              536 3788 
	 	 
	
               

            	 Email:
              ____________________________

    

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK 

    SIGNATURE
      PAGES FOR INVESTORS FOLLOW]

     

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Securities Purchase
      Agreement to be duly executed by their respective authorized signatories as
      of
      the date first indicated above.

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
              Dehua
                Qian

            
	 
 	 
 	 
 
	
            	By:  	/s/Dehua
              Qian
	 	
              
                

              

              Name: Dehua
                Qian

              Title: 

            

    

    
      
        	 	  
	
              	 Investment Amount: $
                30,000
	 	 
	 	 Tax ID No.:75-2945750
	 	 
	 	 ADDRESS FOR
                NOTICE
	 	 
	 	
                 c/o:
                  ____________________________

              
	 	 
	 	 Street: Rm.301
                No.121 Block, Jiaxin Garden, Huanghua Rd
	 	 
	 	 City/State/Zip: Shanghai
                201103 P.R. CHINA
	 	 
	 	 Attention: Dehua
                Qian
	 	 
	 	 Tel: 86-21-64027004
	 	 
	 	 Fax: 86-21-61457459
	 	 
	 	
                 DELIVERY
                  INSTRUCTIONS

                (if
                  different from above)

              
	 	 
	 	
                 c/o:
                  ____________________________

              
	 	 
	 	
                 Street:
                  ____________________________

              
	 	 
	 	 City/State/Zip:
                ____________________________
	 	 
	 	 Attention:
                ____________________________
	 	 
	 	 Tel:
                ____________________________

      

       

    

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

       

    

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	Westpark Capital, L. P.
	 
 	 
 	 
 
	
            	By:  	/s/ Patrick
              J. Brosnahan 
	 	
              
                

              

              Name: Patrick
                J. Brosnahan

              Title: General
                Partner

            

    

     

    
      	 	 Investment Amount: $
              116,875
	 	 
	 	 Tax ID No.:
              ____________________________
	 	 
	 	 ADDRESS FOR
              NOTICE
	 	 
	 	 c/o: Westpark
              Capital, L.P.
	 	 
	 	 Street: 4965
              Preston Park Blvd, Suite 220
	 	 
	 	 City/State/Zip: Plano,
              TX 75093
	 	 
	 	 Attention: Patrick
              J. Brosnahan
	 	 
	 	 Tel: 972-985-2127
	 	 
	 	 Fax: 972-985-2161
	 	 
	 	
               DELIVERY
                INSTRUCTIONS

               (if
                different from above)

            
	 	 
	 	 c/o:
              ____________________________
	 	 
	 	 Street:
              ____________________________
	 	 
	 	 City/State/Zip:
              ____________________________
	 	 
	 	 Attention:
              ____________________________
	 	 
	 	 Tel:
              ____________________________

    

     

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

    

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	Liping Gu
	 
 	 
 	 
 
	
            	By:  	/s/ Liping
              Gu
	 	
              
                

              

              Name: Liping
                Gu

              Title: 

            

    

     

    
      	 	 Investment Amount: $
              100,000.00
	 	 
	 	 Tax ID No.:
              ____________________________
	 	 
	 	 ADDRESS FOR
              NOTICE
	 	 
	 	 c/o: 16F,
              East Tower of Julong Plaza
	 	 
	 	 Street: No.
              9, Hangda
	 	 
	 	 City/State/Zip: Hang
              Zhou, P.R.C. 310007
	 	 
	 	 Attention: Gu
              Liping
	 	 
	 	 Tel: 0086-571-87858321
	 	 
	 	 Fax: 0086-571-87858327
	 	 
	 	
               DELIVERY
                INSTRUCTIONS

               (if
                different from above)

            
	 	 
	 	 c/o:
              ____________________________
	 	 
	 	 Street:
              ____________________________
	 	 
	 	 City/State/Zip:
              ____________________________
	 	 
	 	 Attention:
              ____________________________
	 	 
	 	 Tel:
              ____________________________

    

     

    
      
        
        

      

      
        44

        
          

        

      

      
        
        

      

    

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
              Ruoling
                Wang

            
	 
 	 
 	 
 
	
            	By:  	 /s/ Ruoling
              Wang 
	 	
              
                

              

              Name: Ruoling
                Wang

              Title: 

            

    

     

    
      	 	 Investment Amount: $
              100,000.00
	 	 
	 	 Tax ID No.:
              ____________________________
	 	 
	 	 ADDRESS FOR
              NOTICE
	 	 
	 	 c/o:
              ____________________________
	 	 
	 	 Street: Rm 1701, 21 Building, 669 Baiyu
              Rd
	 	 
	 	 City/State/Zip: Shanghai,
              200063 PRC
	 	 
	 	 Attention: Ruoling
              Wang
	 	 
	 	 Tel: 86-21-52364346
	 	 
	 	 Fax: 86-21-61457459
	 	 
	 	
               DELIVERY
                INSTRUCTIONS

               (if
                different from above)

            
	 	 
	 	 c/o:
              ____________________________
	 	 
	 	 Street:
              ____________________________
	 	 
	 	 City/State/Zip:
              ____________________________
	 	 
	 	 Attention:
              ____________________________
	 	 
	 	 Tel:
              ____________________________

    

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

       

    

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
              
                Wu
                  Mijia

              

            
	 
 	 
 	 
 
	
            	By:  	 /s/ Wu
              Mijia 
	 	
              
                

              

              Name: Wu
                Mijia

              Title:

            

    

     

    
      	 	 Investment Amount: $
              50,000.00
	 	 
	 	 Tax ID No.:
              ____________________________
	 	 
	 	 ADDRESS FOR
              NOTICE
	 	 
	 	 c/o:
              ____________________________
	 	 
	 	 Street: 3-52-402
              Jinhui Garden, Hongsong Road
	 	 
	 	 City/State/Zip: Shanghai,
              201103 PR China
	 	 
	 	 Attention: Wu
              Mijia
	 	 
	 	 Tel: 86-21-64021506
	 	 
	 	 Fax: 86-21-64021506
	 	 
	 	
               DELIVERY
                INSTRUCTIONS

               (if
                different from above)

            
	 	 
	 	 c/o:
              ____________________________
	 	 
	 	 Street:
              ____________________________
	 	 
	 	 City/State/Zip:
              ____________________________
	 	 
	 	 Attention:
              ____________________________
	 	 
	 	 Tel:
              ____________________________

    

     

    
      
        
        

      

      
        46

        
          

        

      

      
        
        

      

    

     

    
      
        	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                
                  
                    Ancora
                      Greater China Fund, LP

                  

                

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  John
                  Micklitsch 

              
	 	
                
                  

                

                
                  Name: John
                    Micklitsch 
                    Title: Managing
                      Partner

                  

                

              

      

       

      
        	 	 Investment Amount: $
                100,000.00
	 	 
	 	
                 Tax
                  ID No.:
                  06-1819912

              
	 	 
	 	 ADDRESS FOR
                NOTICE
	 	 
	 	
                 c/o:  Ancora
                  Greater China Fund, LP, One Chagrin Highlands, 2000 Auburn Dr
                  #300

              
	 	 
	 	 Street: 3-52-402
                Jinhui Garden, Hongsong Road
	 	 
	 	
                 City/State/Zip:
                  Cleveland, OH 44122

              
	 	 
	 	
                 Attention:
                  John
                  P. Micklitsch

              
	 	 
	 	
                 Tel:
                  216-593-5074

              
	 	 
	 	
                 Fax:
                  216-825-4001

              
	 	 
	 	
                 DELIVERY
                  INSTRUCTIONS

                 (if
                  different from above)

              
	 	 
	 	 c/o:
                ____________________________
	 	 
	 	 Street:
                ____________________________
	 	 
	 	 City/State/Zip:
                ____________________________
	 	 
	 	 Attention:
                ____________________________
	 	 
	 	 Tel:
                ____________________________

      

    

     

    
      
        
          
          

        

        
          47

          
            

          

        

         

      

    

     

    
      
        
          	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                  
                    
                      
                        Atlas
                          Allocation Fund, L.P.

                      

                    

                  

                
	 
 	 
 	 
 
	
                	By:  	
                  
                    /s/
                      Robet
                      H Alpert 

                  

                
	 	
                  
                    

                  

                  
                    
                      Name: Robet
                        H Alpert

                      
                        Title: President

                      

                    

                  

                

        

         

        
          	 	
                   Investment
                    Amount: $
                    111,250.00

                
	 	 
	 	
                  
                     Tax
                      ID No.:
                      20-4276550

                  

                
	 	 
	 	 ADDRESS FOR
                  NOTICE
	 	 
	 	
                  
                     c/o:
                      Altas Capital

                  

                
	 	 
	 	
                   Street:
                    100
                    Crescent Court, Suite 880

                
	 	 
	 	
                  
                     City/State/Zip:
                      Dallas, TX 75201

                  

                
	 	 
	 	
                  
                     Attention:
                      Caryn
                      Peeples

                  

                
	 	 
	 	
                  
                     Tel:
                      214-999-4082

                  

                
	 	 
	  	
                  
                     Fax:
                      214-999-4095

                  

                
	 	 
	 	
                   DELIVERY
                    INSTRUCTIONS

                   (if
                    different from above)

                
	 	 
	 	
                   c/o:
                    Banc
                    of America Securities Inc.

                
	 	 
	 	
                   Street:
                    901
                    Main Street, Suite 6616

                
	 	 
	 	
                   City/State/Zip:
                    Dallas,
                    TX 75202

                
	 	 
	 	
                   Attention:
                    Erick
                    Johnson

                
	 	 
	 	
                   Tel:
                    214-209-9906

                

        

      

       

    

    
      
        
          
          

        

        
          48

          
            

          

        

         

      

    

     

    
      
        
          
            	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                    
                      
                        
                          
                            Howard
                              H. Lu

                          

                        

                      

                    

                  
	 
 	 
 	 
 
	
                  	By:  	
                    
                      
                        /s/
                          Howard
                          H. Lu 

                      

                    

                  
	 	
                    
                      

                    

                    
                      
                        
                          Name: Howard
                            H. Lu

                          Title:

                        

                      

                    

                  

          

           

          
            	 	
                    
                       Investment
                        Amount: $
                        20,000.00

                    

                  
	 	 
	 	
                    
                      
                         Tax
                          ID No.:
                          ###-##-####

                      

                    

                  
	 	 
	 	 ADDRESS FOR
                    NOTICE
	 	 
	 	
                    
                      
                         c/o:
                          Howard H. Lu

                      

                    

                  
	 	 
	 	
                    
                       Street:
                        1224
                        East Green Street, Suite 200

                    

                  
	 	 
	 	
                    
                      
                         City/State/Zip:
                          Pasadena, CA 91106

                      

                    

                  
	 	 
	 	
                    
                      
                         Attention:
                          Howard
                          H. Lu

                      

                    

                  
	 	 
	 	
                    
                      
                         Tel:
                          626-390-3600

                      

                    

                  
	 	 
	 	
                    
                      
                         Fax:
                          626-796-8990

                      

                    

                  
	 	 
	 	
                     DELIVERY
                      INSTRUCTIONS

                     (if
                      different from above)

                  
	 	 
	 	
                     c/o:
                      ____________________________

                  
	 	 
	 	
                     Street: ____________________________

                  
	 	 
	 	
                     City/State/Zip:
                      ____________________________

                  
	 	 
	 	
                     Attention:
                      ____________________________

                  
	 	 
	 	
                     Tel:
                      ____________________________

                  

          

        

      

    

     

    
      
        
          
          

        

        
          49

          
            

          

        

        
          
          

        

      

    

     

    
      
        
          
            
              	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                      
                        
                          
                            
                              
                                Investment
                                  Hunter, LLC

                              

                            

                          

                        

                      

                    
	 
 	 
 	 
 
	
                    	By:  	
                      
                        
                          
                            /s/
                              Gary
                              Evans

                          

                        

                      

                    
	 	
                      
                        

                      

                      
                        
                          
                            
                              Name: Gary
                                Evans

                              Title: Manager

                            

                          

                        

                      

                    

            

             

            
              	 	
                      
                        
                           Investment
                            Amount: $
                            1,500,000.00

                        

                      

                    
	 	 
	 	
                      
                        
                          
                             Tax
                              ID No.:
                              20-3222532

                          

                        

                      

                    
	 	 
	 	 ADDRESS FOR
                      NOTICE
	 	 
	 	
                      
                        
                          
                             c/o:
                              Investment Hunter, LLC

                          

                        

                      

                    
	 	 
	 	
                      
                        
                           Street:
                            P.O.
                            Box 540308

                        

                      

                    
	 	 
	 	
                      
                        
                          
                             City/State/Zip:
                              Dallas, TX 75354-0308

                          

                        

                      

                    
	 	 
	 	
                      
                        
                          
                             Attention:
                              Gary
                              Evans

                          

                        

                      

                    
	 	 
	 	
                      
                        
                          
                             Tel:
                              214-533-6565

                          

                        

                      

                    
	 	 
	 	
                      
                        
                          
                             Fax:
                              2972-745-6736

                          

                        

                      

                    
	 	 
	 	
                       DELIVERY
                        INSTRUCTIONS

                       (if
                        different from above)

                    
	 	 
	 	
                       c/o:
                        ____________________________

                    
	 	 
	 	
                       Street:
                        ____________________________

                    
	 	 
	 	
                       City/State/Zip:
                        ____________________________

                    
	 	 
	 	
                       Attention:
                        ____________________________

                    
	 	 
	 	
                       Tel:
                        ____________________________

                    

            

          

        

      

    

     

    
      
        
          
          

        

        
          50

          
            

          

        

         

      

    

     

    
      
        
          
            
              
                	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                        
                          
                            
                              
                                
                                  
                                    BLACK
                                      RIVER COMMODITY SELECT FUND
                                      LTD.

                                  

                                

                              

                            

                          

                        

                      
	 
 	 
 	 
 
	
                      	By:  	
                        
                          
                            
                              
                                /s/
                                  Guilherme
                                  Schmidt 

                              

                            

                          

                        

                      
	 	
                        
                          

                        

                        
                          
                            
                              
                                
                                  Name: Guilherme
                                    Schmidt

                                  Title: Principal

                                

                              

                            

                          

                        

                      

              

               

              
                	 	
                        
                          
                            
                               Investment
                                Amount: $
                                3,000,000.00

                            

                          

                        

                      
	 	 
	 	
                        
                          
                            
                              
                                 Tax
                                  ID No.:
                                  33-1136854

                              

                            

                          

                        

                      
	 	 
	 	 ADDRESS FOR
                        NOTICE
	 	 
	 	
                        
                          
                            
                              
                                 c/o:
                                  Black River Asset Management
                                  LLC

                              

                            

                          

                        

                      
	 	 
	 	
                        
                          
                            
                               Street:
                                12700
                                Whitewater Drive

                            

                          

                        

                      
	 	 
	 	
                        
                          
                            
                              
                                 City/State/Zip:
                                  Minnetonka, MN 55343

                              

                            

                          

                        

                      
	 	 
	 	
                        
                          
                            
                              
                                 Attention:
                                  Sarah
                                  Kolar

                              

                            

                          

                        

                      
	 	 
	 	
                        
                          
                            
                              
                                 Tel:
                                  952-984-3249

                              

                            

                          

                        

                      
	 	 
	 	
                        
                          
                            
                              
                                 Fax:
                                  952-249-4236

                              

                            

                          

                        

                      
	 	 
	 	
                         DELIVERY
                          INSTRUCTIONS

                         (if
                          different from above)

                      
	 	 
	 	
                         c/o:
                          ____________________________

                      
	 	 
	 	
                         Street: ____________________________

                      
	 	 
	 	
                         City/State/Zip:
                          ____________________________

                      
	 	 
	 	
                         Attention:
                          ____________________________

                      
	 	 
	 	
                         Tel:
                          ____________________________

                      

              

            

          

        

      

    

     

    
      
        
          
          

        

        
          51

          
            

          

        

         

      

    

     

    
      
        
          
            
              
                
                  	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                          
                            
                              
                                
                                  
                                    
                                      
                                        BLACK
                                          RIVER SMALL CAPITALIZATION FUND
                                          LTD.

                                      

                                    

                                  

                                

                              

                            

                          

                        
	 
 	 
 	 
 
	
                        	By:  	
                          
                            
                              
                                
                                  
                                    /s/
                                      Guilherme
                                      Schmidt

                                  

                                

                              

                            

                          

                        
	 	
                          
                            

                          

                          Name: Guilherme
                            Schmidt

                          Title: Principal

                        

                

                 

                
                  	 	
                          
                            
                              
                                
                                   Investment
                                    Amount: $
                                    4,000,000.00

                                

                              

                            

                          

                        
	 	 
	 	
                          
                            
                              
                                
                                  
                                     Tax
                                      ID No.:
                                      98-0471638

                                  

                                

                              

                            

                          

                        
	 	 
	 	 ADDRESS FOR
                          NOTICE
	 	 
	 	
                          
                            
                              
                                
                                  
                                     c/o:
                                      Black River Asset Management
                                      LLC

                                  

                                

                              

                            

                          

                        
	 	 
	 	
                          
                            
                              
                                
                                   Street:
                                    12700
                                    Whitewater Drive

                                

                              

                            

                          

                        
	 	 
	 	
                          
                            
                              
                                
                                  
                                     City/State/Zip:
                                      Minnetonka, MN 55343

                                  

                                

                              

                            

                          

                        
	 	 
	 	
                          
                            
                              
                                
                                  
                                     Attention:
                                      Sarah
                                      Kolar

                                  

                                

                              

                            

                          

                        
	 	
                           

                        
	 	
                          
                            
                              
                                
                                  
                                     Tel:
                                      952-984-3249

                                  

                                

                              

                            

                          

                        
	 	 
	 	
                          
                            
                              
                                
                                  
                                     Fax:
                                      952-249-4236

                                  

                                

                              

                            

                          

                        
	 	 
	 	
                           DELIVERY
                            INSTRUCTIONS

                           (if
                            different from above)

                        
	 	 
	 	
                           c/o:
                            ____________________________

                        
	 	 
	 	
                           Street:
                            ____________________________

                        
	 	 
	 	
                           City/State/Zip:
                            ____________________________

                        
	 	 
	 	
                           Attention:
                            ____________________________

                        
	 	 
	 	
                           Tel:
                            ____________________________

                        

                

              

            

          

        

      

    

     

    
      
        
          
          

        

        
          52

          
            

          

        

         

      

    

     

    
      
        
          
            
              
                 

                
                  
                    	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            Chestnut
                                              Ridge Partners,
                                              LP

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          
	 
 	 
 	 
 
	
                          	By:  	
                            
                              
                                
                                  
                                    
                                      
                                        /s/
                                          Kenneth
                                          Holz 

                                      

                                    

                                  

                                

                              

                            

                          
	 	
                            
                              

                            

                            
                              Name: Kenneth
                                Holz 
                                Title: CFO

                              

                            

                          

                  

                   

                  
                    	 	
                            
                              
                                
                                  
                                    
                                       Investment
                                        Amount: $
                                        111,250.00

                                    

                                  

                                

                              

                            

                          
	 	 
	 	
                            
                              
                                
                                  
                                    
                                      
                                         Tax
                                          ID No.:
                                          03-0404154

                                      

                                    

                                  

                                

                              

                            

                          
	 	 
	 	 ADDRESS FOR
                            NOTICE
	 	 
	 	
                            
                              
                                
                                  
                                    
                                      
                                         c/o: ____________________________

                                      

                                    

                                  

                                

                              

                            

                          
	 	 
	 	
                            
                              
                                
                                  
                                    
                                       Street:
                                        50
                                        Tice Boulevard

                                    

                                  

                                

                              

                            

                          
	 	
                             

                          
	 	
                            
                              
                                
                                  
                                    
                                      
                                         City/State/Zip:
                                          Woodcliff Lake, NJ
                                          07677

                                      

                                    

                                  

                                

                              

                            

                          
	 	 
	 	
                            
                              
                                
                                  
                                    
                                      
                                         Attention:
                                          Kenneth
                                          Holz

                                      

                                    

                                  

                                

                              

                            

                          
	 	
                             

                          
	 	
                            
                              
                                
                                  
                                    
                                      
                                         Tel:
                                          201-802-9494

                                      

                                    

                                  

                                

                              

                            

                          
	 	
                             

                          
	 	
                            
                              
                                
                                  
                                    
                                      
                                         Fax:
                                          201-802-9450

                                      

                                    

                                  

                                

                              

                            

                          
	 	 
	 	
                             DELIVERY
                              INSTRUCTIONS

                             (if
                              different from above)

                          
	 	
                             

                          
	  	
                            
                               c/o: Goldman
                                Sachs & Co

                            

                          
	 	 
	 	
                            
                               Street:
                                1
                                New York Plaza, 44th Floor

                            

                          
	 	 
	 	
                            
                               City/State/Zip:
                                New York, NY 10004

                            

                          
	 	 
	 	
                            
                               Attention:
                                Simba
                                Mhungu

                            

                          
	 	 
	 	
                            
                               Tel:
                                212-902-8059

                            

                          

                  

                

              

            

          

        

      

       

    

    
      
        
          
          

        

        
          53

          
            

          

        

         

      

    

     

    
      
        
          
            
              
                
                  
                    
                      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                Hua-Mei
                                                  21st
                                                  Century Partners,
                                                  LP

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            
	 
 	 
 	 
 
	
                            	By:  	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            /s/
                                              Leigh
                                              S. Curry 

                                          

                                        

                                      

                                    

                                  

                                

                              

                            
	 	
                              
                                

                              

                              
                                
                                  Name: Leigh
                                    S. Curry

                                  
                                    Title: Managing
                                      director

                                  

                                

                              

                            

                    

                     

                    
                      	 	
                              
                                
                                  
                                    
                                      
                                        
                                           Investment
                                            Amount: $
                                            200,000.00

                                        

                                      

                                    

                                  

                                

                              

                            
	 	 
	 	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                             Tax
                                              ID No.:
                                              20-8026466

                                          

                                        

                                      

                                    

                                  

                                

                              

                            
	 	 
	 	 ADDRESS FOR
                              NOTICE
	 	 
	 	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                             c/o:
                                              Guerrilla Capital
                                              Management

                                          

                                        

                                      

                                    

                                  

                                

                              

                            
	 	 
	 	
                              
                                
                                  
                                    
                                      
                                        
                                           Street:
                                            237
                                            Park Ave 9th Fl

                                        

                                      

                                    

                                  

                                

                              

                            
	 	
                               

                            
	 	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                             City/State/Zip:
                                              New York, NY
                                              10017

                                          

                                        

                                      

                                    

                                  

                                

                              

                            
	 	 
	 	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                             Attention:
                                              Peter
                                              Siris

                                          

                                        

                                      

                                    

                                  

                                

                              

                            
	 	
                               

                            
	 	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                             Tel:
                                              212-692-7692

                                          

                                        

                                      

                                    

                                  

                                

                              

                            
	 	
                               

                            
	 	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                             Fax:
                                              212-692-7689

                                          

                                        

                                      

                                    

                                  

                                

                              

                            
	 	 
	 	
                               DELIVERY
                                INSTRUCTIONS

                               (if
                                different from above)

                            
	 	
                               

                            
	 	
                              
                                 c/o: ____________________________

                              

                            
	 	 
	 	
                              
                                 Street:
                                  ____________________________

                              

                            
	 	 
	 	
                              
                                 City/State/Zip:
                                  ____________________________

                              

                            
	 	 
	 	
                              
                                 Attention:
                                  ____________________________

                              

                            
	 	 
	 	
                              
                                 Tel:
                                  ____________________________

                              

                            

                    

                  

                

              

            

          

        

      

    

    

    
      
        
          
          

        

        
          54

          
            

          

        

         

      

    

     

    
      
        
          
            
              
                
                  
                     

                    
                      
                        	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    Southwell
                                                      Partners,
                                                      L.P.

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 
 	 
 	 
 
	
                              	By:  	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                /s/
                                                  Wilson
                                                  S. Jaegli 

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 	
                                
                                  

                                

                                
                                  
                                    
                                      Name: Wilson
                                        S. Jaegli 
                                        Title: Managing
                                          Director

                                      

                                    

                                  

                                

                              

                      

                       

                      
                        	  	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                               Investment
                                                Amount: $
                                                116,875.00

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 	 
	 	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                 Tax
                                                  ID No.:
                                                  75-2345339

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 	 
	 	 ADDRESS FOR
                                NOTICE
	 	 
	 	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                 c/o: ____________________________

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 	 
	 	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              Street:
                                                1901
                                                North Akard
                                                St.

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 	
                                 

                              
	 	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                City/State/Zip:
                                                  Dallas, TX
                                                  75201

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 	 
	 	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                Attention:
                                                  Wilson
                                                  S.
                                                  Jaegli

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 	
                                 

                              
	 	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                Tel:
                                                  214-922-9696

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 	
                                 

                              
	 	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                Fax:
                                                  214-922-9699

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              
	 	 
	 	
                                 DELIVERY
                                  INSTRUCTIONS

                                 (if
                                  different from above)

                              
	 	
                                 

                              
	 	
                                
                                  
                                    c/o:.Banc
                                      of American Securities

                                  

                                

                              
	 	 
	 	
                                
                                  
                                    Street:
                                      901
                                      Main Street, Suite 6616

                                  

                                

                              
	 	 
	 	
                                
                                  
                                    City/State/Zip:
                                      Dallas,
                                      TX 75202

                                  

                                

                              
	 	
                                 

                              
	 	
                                
                                  
                                    Attention:
                                      Brett
                                      Speer

                                  

                                

                              
	 	 
	 	
                                
                                  
                                    Tel:
                                      214-209-9973

                                  

                                

                              

                      

                    

                  

                

              

            

          

        

      

       

    

    
      
        
          
          

        

        
          55

          
            

          

        

         

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	 	 	 
	 	NAME OF
                                  INVESTOR
	 	 
	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        Kevin
                                                          B Halter
                                                          Jr.

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 
 	 
 	 
 
	
                                	By:  	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    /s/
                                                      Kevin
                                                      B Halter Jr.  

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	
                                  
                                    

                                  

                                  
                                    
                                      
                                        
                                          Name: Kevin
                                            B Halter Jr. 

                                          
                                            Title: 

                                          

                                        

                                      

                                    

                                  

                                

                        

                         

                        
                          	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  Investment
                                                    Amount: $
                                                    100,000.00

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	 
	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    Tax
                                                      ID No.:
                                                      ###-##-####

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	 
	 	 ADDRESS
                                  FOR
                                  NOTICE
	 	 
	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      c/o:
                                                        Kevin B
                                                        Halter

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	 
	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  Street:
                                                    2591
                                                    Dallas Parkway
                                                    #102

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	
                                   

                                
	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    City/State/Zip:
                                                      Frisco, TX
                                                      75034

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	 
	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    Attention:
                                                      Kevin
                                                      B Halter
                                                      Jr.

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	
                                   

                                
	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    Tel:
                                                      972-963-0001

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	
                                   

                                
	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    Fax:
                                                      469-633-0069

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	 
	 	
                                   DELIVERY
                                    INSTRUCTIONS

                                   (if
                                    different from above)

                                
	 	
                                   

                                
	 	
                                  
                                    
                                      c/o:.
                                        ____________________________

                                    

                                  

                                
	 	 
	 	
                                  
                                    
                                      Street:
                                        ____________________________

                                    

                                  

                                
	 	 
	 	
                                  
                                    
                                      City/State/Zip:
                                        ____________________________

                                    

                                  

                                
	 	
                                   

                                
	 	
                                  
                                    
                                      Attention:
                                        ____________________________

                                    

                                  

                                
	 	 
	 	
                                  
                                    
                                      Tel:
                                        ____________________________

                                    

                                  

                                

                        

                      

                    

                  

                

              

            

          

        

         

      

    

    
      
        
          
          

        

        
          56

          
            

          

        

         

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	 	 	 
	 	NAME OF
                                  INVESTOR
	 	 
	 	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          Octagon
                                                            Capital
                                                            Partners

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 
 	 
 	 
 
	
                                	By:  	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      /s/
                                                        Steven
                                                        Hart 

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	
                                  
                                    

                                  

                                  
                                    
                                      
                                        
                                          
                                            Name: Steven
                                              Hart 
                                              Title: General
                                                Partner

                                            

                                          

                                        

                                      

                                    

                                  

                                

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        	 	
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  Investment
                                    Amount: $
                                    31,250.00

                                

                              

                            

                          

                        

                      

                    

                  

                

              
	 	 
	 	
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    Tax
                                      ID No.:
                                      20-2027228

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              
	 	 
	 	 ADDRESS FOR
                NOTICE
	 	 
	 	
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      c/o:
                                        Steven
                                        Hart

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              
	 	 
	 	
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  Street:
                                    155
                                    West 68th Street,
                                    #27E

                                

                              

                            

                          

                        

                      

                    

                  

                

              
	 	
                 

              
	 	
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    City/State/Zip:
                                      New York, NY
                                      10023

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              
	 	 
	 	
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    Attention:
                                      Steven
                                      Hart

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              
	 	
                 

              
	 	
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    Tel:
                                      917-658-7878

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              
	 	
                 

              
	 	
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    Fax:
                                      212-692-7689

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              
	 	 
	 	
                 DELIVERY
                  INSTRUCTIONS

                 (if
                  different from above)

              
	 	
                 

              
	 	
                
                  
                    c/o:.
                      ____________________________

                  

                

              
	 	 
	 	
                
                  
                    Street:
                      ____________________________

                  

                

              
	 	 
	 	
                
                  
                    City/State/Zip:
                      ____________________________

                  

                

              
	 	
                 

              
	 	
                
                  
                    Attention:
                      ____________________________

                  

                

              
	 	 
	 	
                
                  
                    Tel:
                      ____________________________

                  

                

              

      

    

     

    
      
        
          
          

        

        
          57

          
            

          

        

         

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	 	 	 
	 	NAME
                                    OF INVESTOR
	 	 
	 	
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              Guerrilla
                                                                Partners
                                                                LP

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  
	 
 	 
 	 
 
	
                                  	By:  	
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          /s/
                                                            Leigh
                                                            S.
                                                            Curry

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  
	 	
                                    
                                      

                                    

                                    
                                      
                                        
                                          
                                            
                                              
                                                Name: Leigh
                                                  S. Curry

                                                
                                                  Title: Managing
                                                    director

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
          	 	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      Investment
                                        Amount: $
                                        200,000.00

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                
	 	 
	 	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        Tax
                                          ID No.:
                                          20-8026466

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                
	 	 
	 	 ADDRESS FOR
                  NOTICE
	 	 
	 	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          c/o:
                                            Guerrilla Capital
                                            Management

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                
	 	 
	 	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      Street:
                                        237
                                        Park Ave 9th
                                        Fl

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                
	 	
                   

                
	 	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        City/State/Zip:
                                          New York, NY
                                          10017

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                
	 	 
	 	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        Attention:
                                          Peter
                                          Siris

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                
	 	
                   

                
	 	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        Tel:
                                          212-692-7692

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                
	 	
                   

                
	 	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        Fax:
                                          212-692-7689

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                
	 	 
	 	
                   DELIVERY
                    INSTRUCTIONS

                   (if
                    different from above)

                
	 	
                   

                
	 	
                  
                    
                      c/o:.
                        ____________________________

                    

                  

                
	 	 
	 	
                  
                    
                      Street:
                        ____________________________

                    

                  

                
	 	 
	 	
                  
                    
                      City/State/Zip:
                        ____________________________

                    

                  

                
	 	
                   

                
	 	
                  
                    
                      Attention:
                        ____________________________

                    

                  

                
	 	 
	 	
                  
                    
                      Tel:
                        ____________________________

                    

                  

                

        

      

    

    

    
      
        
          
          

        

        
          58

          
            

          

        

         

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	 	 	 
	 	NAME
                                      OF INVESTOR
	 	 
	 	
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  Pinnacle
                                                                    China Fund
                                                                    L.P.

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    
	 
 	 
 	 
 
	
                                    	By:  	
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              /s/
                                                                Barry
                                                                M.
                                                                Kitt

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    
	 	
                                      
                                        

                                      

                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    Name: Leigh
                                                      S. Curry 
                                                      Title: Managing
                                                        director

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
            	 	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          Investment
                                            Amount: $
                                            3,750,000

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	 	 
	 	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            Tax
                                              ID No.:
                                              20-3358646

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	 	 
	 	 ADDRESS FOR
                    NOTICE
	 	 
	 	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              c/o:
                                                Pinnacle China Fund
                                                L.P.

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	 	 
	 	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          Street:
                                            4965
                                            Preston Park Blvd, Suite 240,
                                            

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	 	
                     

                  
	 	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            City/State/Zip:
                                              Plano, TX
                                              75093

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	 	 
	 	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            Attention:
                                              Barry
                                              M.
                                              Kitt

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	 	
                     

                  
	 	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            Tel:
                                              972-985-2121

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	 	
                     

                  
	 	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            Fax:
                                              972-985-2122

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	 	 
	 	
                     DELIVERY
                      INSTRUCTIONS

                     (if
                      different from above)

                  
	 	
                     

                  
	 	
                    
                      
                        
                          c/o:.
                            Banc of American Securities

                        

                      

                    

                  
	 	 
	 	
                    
                      
                        
                          Street:
                            901 Main Street, Suite 6616

                        

                      

                    

                  
	 	 
	 	
                    
                      
                        
                          City/State/Zip:
                            Dallas,
                            TX 75202

                        

                      

                    

                  
	 	
                     

                  
	 	
                    
                      
                        
                          Attention:
                            Brett
                            Speer

                        

                      

                    

                  
	 	 
	 	
                    
                      
                        
                          Tel:
                            214-209-9973

                        

                      

                    

                  

          

        

      

       

    

    
      
        
          
          

        

        
          59

          
            

          

        

        
          
          

        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 	 	 
	 	NAME
                                        OF INVESTOR
	 	 
	 	
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      The
                                                                        Pinnacle
                                                                        Fund,
                                                                        L.P.

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      
	 
 	 
 	 
 
	
                                      	By:  	
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  /s/
                                                                    Leigh
                                                                    S. Curry 

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      
	 	
                                        
                                          

                                        

                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        Name: Leigh
                                                          S. Curry

                                                        
                                                          Title: Managing
                                                            director

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

           

          
            
              	 	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              Investment
                                                Amount: $
                                                3,750,000.00

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    
	 	 
	 	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                Tax
                                                  ID No.:
                                                  20-8026466

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    
	 	 
	 	 ADDRESS FOR
                      NOTICE
	 	 
	 	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  c/o:
                                                    The Pinnacle Fund
                                                    L.P.

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    
	 	 
	 	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              Street:
                                                4965
                                                Preston Park Blvd, Suite 240,
                                                

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    
	 	
                       

                    
	 	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                City/State/Zip:
                                                  Plano, TX
                                                  75093

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    
	 	 
	 	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                Attention:
                                                  Barry
                                                  M.
                                                  Kitt

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    
	 	
                       

                    
	 	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                Tel:
                                                  972-985-2121

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    
	 	
                       

                    
	 	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                Fax:
                                                  972-985-2122

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    
	 	 
	 	
                       DELIVERY
                        INSTRUCTIONS

                       (if
                        different from above)

                    
	 	
                       

                    
	 	
                      
                        
                          
                            
                              c/o:.Banc
                                of American Securities

                            

                          

                        

                      

                    
	 	 
	 	
                      
                        
                          
                            
                              Street:
                                901 Main Street, Suite 6616

                            

                          

                        

                      

                    
	 	 
	 	
                      
                        
                          
                            
                              City/State/Zip:
                                Dallas,
                                TX 75202

                            

                          

                        

                      

                    
	 	
                       

                    
	 	
                      
                        
                          
                            
                              Attention:
                                Brett
                                Speer

                            

                          

                        

                      

                    
	 	 
	 	
                      
                        
                          
                            
                              Tel:
                                214-209-9973

                            

                          

                        

                      

                    

            

          

        

         

      

    

    
      
        
          
          

        

        
          60

          
            

          

        

         

      

    

     

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	Straus Partners, LP
	 
 	 
 	 
 
	
            	By:  	/s/ Andrew
              Marks 
	 	
              
Name: Andrew
              Marks
	 	Title: CFO

    

    
      	 	 	 
	 	Investment Amount: $
              67,500.00
	 	 
	 	 
	 	
              Tax
                ID No.:
                13-3976076

            
	 	 
	 	ADDRESS FOR
              NOTICE
	 	 
	 	c/o:
              Straus Asset Management
	 	 
	 	Street: 320
              Park Avenue, 10th Floor
	 	 
	 	City/State/Zip:
              New York, NY 10022
	 	 
	 	Attention: Andrew
              Marks
	 	 
	 	Tel: 212-415-7274
	 	 
	 	Fax:
              212-415-7256
	 	 
	 	
              DELIVERY INSTRUCTIONS

              (if
                different from above)

            
	 	 
	 	
              c/o:.
                _____________________________

            
	 	 
	 	
              Street:
                _____________________________

            
	 	 
	 	
              City/State/Zip:
                __________________________

            
	 	 
	 	
              Attention:
                _____________________________

            
	 	 
	 	
              Tel:
                ___________________________________

            

    

     

    
      
        
        

      

      
        61

        
          

        

      

      
        
        

      

    

     

    
      
        	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	
                Straus-GEPT
                  Partners, LP

              
	 
 	 
 	 
 
	
              	By:  	/s/ Andrew
                Marks 
	 	
                
Name: Andrew
                Marks
	 	Title: CFO

        
          	 	 	 
	 	Investment Amount: $
                  45,000.00
	 	 
	 	Tax ID No.:
                  13-4054804
	 	 
	 	
                  ADDRESS
                    FOR NOTICE

                
	 	 
	 	c/o:
                  Straus Asset Management
	 	 
	 	Street: 320
                  Park Avenue, 10th Floor
	 	 
	 	City/State/Zip:
                  New York, NY 10022
	 	 
	 	Attention: Andrew
                  Marks
	 	 
	 	Tel: 212-415-7274
	 	 
	 	Fax:
                  212-415-7256
	 	 
	 	
                  DELIVERY
                    INSTRUCTIONS

                  (if
                    different from above)

                
	 	 
	 	
                  c/o:.
                    ____________________________________

                
	 	 
	 	Street:
                  ___________________________________
	 	 
	 	City/State/Zip:
                  _____________________________
	 	 
	 	Attention:
                  ________________________________
	 	 
	 	Tel:
                  ______________________________________
	 	 

        

      

    

     

    
      
        
        

      

      
        62

        
          

        

      

      
        
        

      

       

    

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	Ardsley Partners Fund II, LP
	 	 
	
            	By:  	/s/ Steve
              Napoli
	 	
              
Name: Steve
              Napoli
	 	Title: Partner

    

     

    
      	 	 	 
	 	Investment Amount: $
              1,478,125.00
	 	 
	 	Tax ID No.:
              13-3476175
	 	 
	 	ADDRESS FOR
              NOTICE
	 	 
	 	c/o:
              Ardsley Partners
	 	 
	 	Street: 262
              Harbor Dr., 4th
              Floor
	 	 
	 	City/State/Zip:
              Stamford, CT 06902
	 	 
	 	Attention: Steve
              Napoli
	 	 
	 	Tel: 203-355-0700
	 	 
	 	Fax:
              203-355-0715
	 	 
	 	
              DELIVERY
                INSTRUCTIONS

              (if
                different from above)

            
	 	 
	 	
              c/o:.
                ________________________________

            
	 	 
	 	Street:
              _______________________________
	 	 
	 	City/State/Zip:
              _________________________
	 	 
	 	Attention:
              _____________________________
	 	 
	 	Tel:
              ___________________________________

    

     

    
      
        
        

      

      
        63

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	Marion Lynton 
	 
 	 
 	 
 
	
            	By:  	/s/ Steve
              Napoli 
	 	
              
Name: Steve
              Napoli
	 	
              Title: 

            

    

    
       

      
        	 	 	 
	 	Investment Amount: $
                37,500.00
	 	 
	 	
                Tax
                  ID No.:
                  ###-##-####

              
	 	 
	 	ADDRESS FOR
                NOTICE
	 	 
	 	c/o:
                Ardsley Partners
	 	 
	 	
                Street:
                  262
                  Harbor Dr., 4th
                  Floor

              
	 	 
	 	
                City/State/Zip:
                  Stamford, CT 06902

              
	 	 
	 	
                Attention:
                  Steve
                  Napoli

              
	 	 
	 	
                Tel:
                  203-355-0700

              
	 	 
	 	
                Fax:
                  203-355-0715

              
	 	 
	 	
                DELIVERY
                  INSTRUCTIONS

                (if
                  different from above)

              
	 	 
	 	c/o:.
                _________________________________
	 	 
	 	Street:
                ________________________________
	 	 
	 	
                City/State/Zip:
                  __________________________

              
	 	 
	 	Attention:
                _______________________________

      

    

     

    
      
        
        

      

      
        64

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	Ardsley Offshore Fund, LP
	 
 	 
 	 
 
	
            	By:  	/s/ Steve
              Napoli 
	 	
              
Name: Steve
              Napoli
	 	Title: Agent/Advisor

    

     

    
      	 	 	 
	 	Investment Amount: $
              1,478,125.00
	 	 
	 	Tax ID No.:
              13-3476175
	 	 
	 	ADDRESS FOR
              NOTICE
	 	 
	 	
              c/o:
                Ardsley Partners

            
	 	 
	 	Street: 262
              Harbor Dr., 4th
              Floor
	 	 
	 	City/State/Zip:
              Stamford, CT 06902
	 	 
	 	Attention: Steve
              Napoli
	 	 
	 	Tel: 203-355-0700
	 	 
	 	Fax:
              203-355-0715
	 	 
	 	
              DELIVERY INSTRUCTIONS

              
                (if
                  different from above)

              

            
	 	 
	 	
              c/o:.
                _____________________________________

            
	 	 
	 	Street:
              ___________________________________
	 	 
	 	City/State/Zip:
              _____________________________
	 	 
	 	Attention:
              _________________________________
	 	 
	 	Tel:
              ______________________________________

    

     

    
      
        
        

      

      
        65

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	NAME OF INVESTOR
	 	 
	 	Ardsley Partners Institutional Fund,
              LP
	 
 	 
 	 
 
	
            	By:  	/s/ Steve
              Napoli 
	 	
              

              Name: Steve
                Napoli

            
	 	Title: Partner

    

     

    
      	 	 	 
	 	Investment Amount: $
              953,125.00
	 	 
	 	Tax ID No.:
              06-1399855
	 	 
	 	ADDRESS FOR
              NOTICE
	 	 
	 	
              c/o:
                Ardsley Partners

            
	 	 
	 	Street: 262
              Harbor Dr., 4th
              Floor
	 	 
	 	City/State/Zip:
              Stamford, CT 06902
	 	 
	 	Attention: Steve
              Napoli
	 	 
	 	Tel: 203-355-0700
	 	 
	 	Fax:
              203-355-0715
	 	 
	 	
              DELIVERY INSTRUCTIONS

              (if
                different from above)

            
	 	 
	 	c/o:.
              _________________________________________
	 	 
	 	Street:
              ________________________________________
	 	 
	 	City/State/Zip:
              __________________________________
	 	 
	 	Attention:
              _____________________________________
	 	 
	 	Tel:
              __________________________________________

    

     

    
      
        
        

      

      
        66

        
          

        

      

      
        
        

      

    

     

    APPENDIX
      A

     

    SCHEDULE
      OF INVESTORS

     

    
      
        
        

      

      
        67

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

     

    FORM
      OF
      CLOSING ESCROW AGREEMENT

     

    
      
        
        

      

      
        68

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B

     

    FORM
      OF
      REGISTRATION RIGHTS AGREEMENT

     

    
      
        
        

      

      
        69

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C

     

    FORM
      OF
      LOCKUP AGREEMENT

     

    
      
        
        

      

      
        70

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      D

     

    FORM
      OF
      MAKE GOOD ESCROW AGREEMENT

     

    
      
        
        

      

      
        71

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      E

     

    FORM
      OF
      HOLDBACK ESCROW AGREEMENT

     

    
      
        
        

      

      
        72

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]