Document:

Exhibit
      10.1

    

    FORM
      OF SUBSCRIPTION AGREEMENT

    

    SUBSCRIPTION
      AGREEMENT (this
      “Agreement”
or
      “Subscription
      Agreement”)
      dated
      as of __________________, 2008 between CHINA INDUSTRIAL WASTE MANAGEMENT, INC.,
      a Nevada corporation having its principal offices at No. 1 Huaihe West Road.
      E-T-D Zone, Dalian, China, 116600 (the “Company”)
      and
      the SUBSCRIBER (“Subscriber”)
      whose
      name and address are set forth on the Signature Page to this
      Agreement.

    

    WHEREAS,
      on the
      terms and subject to the conditions hereinafter set forth, the Company is
      offering (the “Offering”)
      up to
      55 units (the “Units”)
      to a
      limited number of individuals or entities who qualify as “accredited investors”
as defined in Rule 501 of Regulation D (“Regulation
      D”)
      promulgated under the Securities Act of 1933, as amended (the “Securities
      Act”)
      or
      non-US Persons as defined in Rule 902 of Regulation S promulgated under the
      Securities Act (collectively, the “Investors”),
      at a
      price per unit equal to $60,000 (the “Unit
      Price”).
      Each
      Unit consists of (a) 20,000 shares (collectively, the “Shares”)
      of
      common stock of the Company, par value $0.001 per share (the “Common
      Stock”),
      (b)
      one class A warrant (collectively, the “Class
      A Warrants”)
      to
      purchase 10,000 shares of Common Stock until September 30, 2011, at an exercise
      price of $3.50 per share, subject to adjustment and (c) one class B warrant
      (collectively, the “Class
      B Warrants”)
      to
      purchase 10,000 shares of Common Stock until September 30, 2011, at an exercise
      price of $4.50 per share. The Class A Warrants and Class B Warrants are
      collectively referred to as the “Warrants”
and
      the
      shares of Common Stock issuable upon exercise of the Warrants are collectively
      referred to as the “Warrant
      Shares.”
The
      Units, Shares, Warrants and Warrant Shares are sometimes hereinafter referred
      to
      as the “Securities.”
      

     

    The
      Company is offering the Units through Newbridge Securities Corporation, as
      placement agent (the “Placement
      Agent”),
      on an
“all-or-none” basis with respect to 34 Units ($2,040,000) and, thereafter, on a
“best efforts” basis until all of the Units are sold ($3,300,000) or the
      Offering period terminates, whichever occurs first. The Company reserves the
      right to increase the size of the Offering by an additional 11 Units without
      notice to subscribers or investors. The Offering of Units is more fully
      described in the Company’s Confidential Term Sheet dated August 22, 2008 (the
“Term
      Sheet”).
      

     

    WHEREAS,
      Subscriber (who, together with all other subscribers to Units in the Offering,
      are collectively referred to as “Subscribers”)
      desires to acquire the aggregate number of Units set forth on the signature
      page
      hereof. 

    

    NOW,
      THEREFORE,
      for and
      in consideration of the premises and the mutual covenants hereinafter set forth,
      the parties hereto do hereby agree as follows:

    

    Section
      1. Subscription
      for Units.
      On the
      terms and subject to the conditions hereinafter set forth, Subscriber hereby
      subscribes for and agrees to purchase from the Company, that number of Units
      as
      is set forth on the signature page hereof, for the purchase price indicated
      (the
“Purchase Price”). The Purchase Price is payable by check made payable to “US
      Bank National Association/China Industrial Waste Management, Inc.”
contemporaneously with the execution and delivery of this Subscription Agreement
      to the Company or by wire transfer to the following coordinates:

    

    
      	
              RBK:

            	
              U.S.
                Bank National Association

            
	
              ABA:

            	
              091000022

            
	
              BNF:

            	
              U.S.
                Bank Trust N.A.

            
	
              A/C:

            	
              180121167365

            
	
              Attn:

            	
              TFM
                - Scott Kjar

            
	
              Ref:

            	
              China
                Industrial Waste Management, Inc. Escrow Account
                #128403000

            

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    Promptly
      following a closing at which all or part of Subscriber’s subscription is
      accepted, a stock certificate and certificates evidencing the Class A Warrants
      and Class B Warrants will be delivered by the Company to
      Subscriber.

    

    Section
      2.  Representations,
      Warranties and Covenants of Subscriber.
      Subscriber hereby represents, warrants and covenants to the Company
      that:

    

    2.1 Subscriber
      recognizes that the purchase of the Securities involves a high degree of risk
      in
      that (i) an investment in the Company is highly speculative and only
      investors who can afford the loss of their entire investment should consider
      investing in the Securities; (iii) an investor may not be able to readily
      liquidate its investment; (iv) transferability of the Securities is
      limited; and (v) Subscriber could sustain the loss of its entire
      investment.

    

    2.2 Subscriber
      is an “accredited investor” as such term is defined in Rule 501(a) of
      Regulation D promulgated under the Securities Act of 1933, as amended (the
“Securities Act”) or a non US-Person as such term is defined in Rule 902 of
      Regulation S promulgated under the Securities Act, and Subscriber is able to
      bear the economic risk of an investment in the Securities. In addition,
      Subscriber has such knowledge and experience in business and financial matters,
      including prior investments in non-listed and non-registered securities, as
      is
      necessary in order to evaluate the merits and risks of its investment in the
      Units.

    

    2.3 Subscriber
      has received and has carefully read and considered the Term Sheet, including,
      without limitation, the information set forth under “Risk Factors” and the
      sections of the Term Sheet describing the terms of the Offering. In evaluating
      the suitability of an investment in the Company, Subscriber has not relied
      upon
      any representations or other information (whether oral or written) received
      from
      the Company, its officers, directors, agents, employees or representatives,
      except information set forth in this Agreement, the Term Sheet or information
      that is obtained from the Company in order to verify such information.
      Subscriber has been afforded the opportunity to ask questions of and receive
      answers from management of the Company concerning the terms and conditions
      of
      the Offering and to obtain such additional information as Subscriber deemed
      necessary in order to evaluate its investment in the Units.

     

    2.4 Subscriber
      understands that its purchase of the Securities may have tax consequences and
      that Subscriber must retain its own professional advisors to evaluate the tax
      and other consequences of an investment in the Securities. Subscriber has
      independently evaluated the merits of its decision to purchase Shares pursuant
      to the Transaction Documents, and Subscriber confirms that it has been afforded
      the opportunity to consult with Subscriber’s business, tax and/or legal counsel
      in making such decision and has availed itself of that opportunity to the extent
      deemed advisable by Subscriber.

    

    2.5 Subscriber
      acknowledges that the Offering has not been reviewed, endorsed or approved
      by
      the United States Securities and Exchange Commission (the “SEC”) and that the
      Units are being offered without registration under the Securities Act in
      reliance upon the exemption from registration afforded by Section 4(2) of the
      Securities Act and Rule 506 of Regulation D promulgated thereunder or Regulation
      S under the Securities Act, and without registration under any state securities
      laws. Subscriber understands that a legend may be affixed to each certificate
      evidencing any of the Securities to the effect that the Securities have not
      been
      registered under the Securities Act or any applicable state securities laws
      and
      setting forth or referring to the restrictions on transferability and sale
      thereof.

    
      
        
        

      

      
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    2.6 Subscriber
      is purchasing the Units for its own account for investment purposes only and
      not
      with a view to or for sale in connection with, or for purposes of, any
“distribution” thereof within the meaning of Section 2(11) of the Securities
      Act. 

    

    2.7 Subscriber
      understands that the Company reserves the right to reject or limit any
      subscription in its sole discretion and, subject to any minimum offering
      requirements, to hold one or more closings of the Offering at any time.
      Subscriber further understands that the Company shall not have any obligation
      to
      sell any Units in any jurisdiction in which the sale of Units would constitute
      a
      violation of the securities, “blue sky” or other similar laws of such
      jurisdiction. 

    

    2.8 Subscriber’s
      address set forth on the signature page hereto is its principal residence if
      Subscriber is an individual or its principal business address if Subscriber
      is a
      corporation or other entity.

    

    2.9 Subscriber
      is not subscribing for the Units as a result of any advertisement, article,
      notice or other communication published in any newspaper, magazine or similar
      media or broadcast over television or radio, or presented at any seminar or
      general meeting. 

    

    2.10 
      Subscriber has all requisite legal and other power and authority to execute
      and
      deliver this Subscription Agreement and to carry out and perform Subscriber’s
      obligations hereunder. This Subscription Agreement constitutes a valid and
      legally binding obligation of Subscriber, enforceable in accordance with its
      terms, subject to laws of general application relating to bankruptcy, insolvency
      and the relief of debtors and rules of law governing specific performance,
      injunctive relief or other general principals of equity, whether such
      enforcement is considered in a proceeding in equity or law. The funds provided
      for this investment are either separate property of Subscriber, community
      property over which Subscriber has the right of control or are otherwise funds
      as to which Subscriber has the sole right of management.

    

    2.11
       There
      are
      no actions, suits, proceedings or investigations pending against Subscriber
      or
      Subscriber’s assets (nor, to Subscriber’s knowledge, is there any threat
      thereof) which would impair Subscriber’s ability to enter into and fully perform
      Subscriber’s commitments and obligations under this Subscription Agreement or
      the transactions contemplated hereby.

    

    2.12 The
      execution, delivery and performance of this Subscription Agreement by Subscriber
      will not result in any violation of, or conflict with, or constitute a default
      under, any of Subscriber’s articles of incorporation or by-laws, if applicable,
      or any agreement to which Subscriber is a party or by which it is bound, nor
      result in the creation of any mortgage, pledge, lien, encumbrance or charge
      against any of the assets or properties of Subscriber or on the
      Securities.

    

    2.13 No
      consent from any other person is required in order for Subscriber to execute
      this Agreement and perform its obligations hereunder, or such consent has been
      obtained and a copy has been provided to the Company.

    

    2.14 Subscriber
      understands that the Company intends to pay compensation in connection with
      the
      sale of the Units to the extent described in the Term Sheet.

    

    2.15 Subscriber
      has (i) not distributed or reproduced the Term Sheet, in whole or in part,
      at
      any time, without the prior written consent of the Company, and (ii) kept
      confidential the existence of the Offering, the Term Sheet and the information
      contained therein or made available in connection with any further investigation
      of the Company.

    
      
        
        

      

      
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    2.16 Subscriber
      does not have any agreement or understanding with the Company with respect
      to
      the transactions contemplated by the Transaction Documents other than as
      specified in the Transaction Documents.

     

    2.17 Subscriber’s
      representations and warranties contained in this Subscription Agreement and
      the
      Confidential Purchaser Questionnaire accompanying this Subscription Agreement
      do
      not contain any untrue statement of a material fact. Subscriber understands
      that
      the Company is relying upon the truth and accuracy of the representations,
      warranties and agreements of Subscriber set forth herein in making its
      determination that the Offering and sale of the Units is exempt from
      registration under the Securities Act and state securities laws.

    

    Section
      3. Representations
      and Warranties of the Company.
      The
      Company represents and warrants to Subscriber that:

    

    3.1 The
      Company is a corporation duly organized, existing and in good standing under
      the
      laws of the State of Nevada and has the power and authority to conduct the
      business which it conducts and proposes to conduct. Each “subsidiary” as defined
      in Rule 1-02(x) of the Regulation S-X promulgated by the Commission under the
      Exchange Act (“Subsidiary”)
      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
      properties and assets and to carry on its business as currently conducted.
      Neither the Company nor any Subsidiary is in violation of any of the provisions
      of its respective certificate or articles of incorporation, bylaws or other
      organizational or charter documents. The Company and each Subsidiary are duly
      qualified to conduct its respective businesses and are 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, would not, individually or in the aggregate, reasonably be
      expected to result in a material and adverse effect on (i) the legality,
      validity or enforceability of any Transaction Document (defined below), (ii)
      the
      results of operations, assets, prospects, business or condition (financial
      or
      otherwise) of the Company and the Subsidiaries, taken as a whole, or (iii)
      the
      Company’s ability to perform on a timely basis its obligations under any
      Transaction Document (“Material
      Adverse Effect”).
      

     

    3.2 The
      Company’s execution, delivery and performance of this Agreement, the Warrants,
      the Bank Escrow Agreement and any other agreements executed and delivered by
      the
      Company pursuant to this Agreement or in connection herewith (collectively
      “Transaction
      Documents”)
      have
      been duly authorized, executed and delivered by the Company and are valid and
      binding agreements enforceable in accordance with their terms, subject to
      bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and
      similar laws of general applicability relating to or affecting creditors' rights
      generally and to general principles of equity. The Company has full corporate
      power and authority necessary to enter into and deliver the Transaction
      Documents and to perform its obligations thereunder. 

    

    3.3 No
      consent, approval, authorization or order of any court, governmental agency
      or
      body or arbitrator having jurisdiction over the Company, or any other person
      is
      required for the execution by the Company of the Transaction Documents and
      compliance and performance by the Company of its obligations under the
      Transaction Documents, including, without limitation, the issuance and sale
      of
      the Securities.

     

    3.4 Assuming
      the representations and warranties of Subscriber in this Agreement are true
      and
      correct, neither the issuance and sale of the Securities nor the performance
      of
      the Company’s obligations under this Agreement and the other Transaction
      Documents will:

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (i) violate,
      conflict with, result in a breach of, or constitute a default (or an event
      which
      with the giving of notice or the lapse of time or both would be reasonably
      likely to constitute a default in any material respect) of a material nature
      under (A) the certificate of incorporation, charter or bylaws of the Company,
      (B) to the Company's knowledge, any decree, judgment, order, law, treaty, rule,
      regulation or determination applicable to the Company of any court, governmental
      agency or body, or arbitrator having jurisdiction over the Company or over
      the
      properties or assets of the Company or any of its Affiliates, or (C) the terms
      of any bond, debenture, note or any other evidence of indebtedness, or any
      agreement, stock option or other similar plan, indenture, lease, mortgage,
      deed
      of trust or other instrument to which the Company is a party, by which the
      Company is bound, or to which any of the properties of the Company is subject;
      except the violation, conflict, breach, or default of which would not reasonably
      be expected to have a Material Adverse Effect;
      or

    (ii) result
      in
      the creation or imposition of any lien, charge or encumbrance upon the
      Securities or any of the assets of the Company.

    

    3.5 The
      Securities have been duly authorized and, when issued in accordance with the
      term of this Agreement and upon payment of the agreed upon consideration
      therefore:

    

    (i) will
      be,
      free and clear of any security interests, liens, claims or other encumbrances,
      subject to restrictions upon transfer under the Securities Act and any
      applicable state securities laws;

    

    (ii) will
      be,
      duly and validly issued, fully paid and non-assessable;

    

    (iii) will
      not
      have been issued or sold in violation of any preemptive or other similar rights
      of the holders of any securities of the Company;

    

    (iv) will
      not
      subject the holders thereof to personal liability by reason of being such
      holders; and

    

    (v) will
      not
      result in a violation of Section 5 under the Securities Act.

    

    The
      Company has reserved from its duly authorized capital stock the shares of Common
      Stock issuable pursuant to this Agreement and the Warrants in order to issue
      the
      Shares and Warrant Shares.

     

    3.6 The
      Company will not issue any stop transfer order or other order impeding the
      sale,
      resale or delivery of any of the Securities, except as may be required by any
      applicable federal or state securities laws and unless contemporaneous notice
      of
      such instruction is given to Subscriber.

    

    3.7 The
      Company has not engaged in any form of general solicitation or general
      advertising (within the meaning of Regulation D under the Securities Act) or
      directed selling efforts (within the meaning of Regulation S under the
      Securities Act) in connection with the offer or sale of the
      Securities.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    3.8 The
      Company files annual, quarterly and current reports pursuant to the Securities
      Exchange Act of 1934, as amended (the “Exchange Act”) and has filed all reports
      required to be filed by it under the Exchange Act. As of their respective dates,
      such reports complied in all material respects with the requirements of the
      Exchange Act and the rules and regulations of the Commission promulgated
      thereunder except to the extent that the Company filed amendments to such
      reports in which event, the SEC Reports, as amended (the “SEC Reports”),
      complied in all material respects with the requirements of the Exchange Act
      and
      the rules and regulations of the Commission promulgated thereunder. The
      financial statements of the Company 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, year-end audit adjustments. The SEC
      Reports do not misrepresent a material fact, omit to state a material fact
      or
      omit to state any fact necessary to make the statements therein, under the
      light
      in which they were made, not misleading. 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.

     

    3.9 Since
      the
      date of the latest audited financial statements included within the SEC Reports,
      except as specifically disclosed in the SEC Reports, (i) there has been no
      event, occurrence or development that has had or that would reasonably be
      expected to result in a Material Adverse Effect, (ii) neither the Company nor
      any Subsidiary has incurred any liabilities (direct, indirect, 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 financial
      statements pursuant to GAAP or required to be disclosed in filings made with
      the
      Commission, (iii) the Company has not altered its method of accounting or the
      identity of its auditors, (iv) the Company has not 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) the Company has not issued any equity securities to any Company
      or Subsidiary 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.

     

    3.10 Additional
      Representations.

     

    (a) Litigation.
      There
      is no action, suit or legal proceeding (“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. Neither the Company nor any Subsidiary, 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
      the
      Company or any current or former director or officer of the Company (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.

     

    (b) Compliance.
      Neither
      the Company nor any Subsidiary (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 the Company or any Subsidiary under),
      nor has the Company or any Subsidiary 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 material 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 would not,
      individually or in the aggregate, reasonably be expected to result in a Material
      Adverse Effect. 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 would
      not
      reasonably be expected to result in a Material Adverse Effect.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (c) Regulatory
      Permits.
      The
      Company and the Subsidiaries possess all certificates, authorizations and
      permits issued by the appropriate United States and PRC 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 neither the Company nor
      any
      Subsidiary has received any notice of proceedings relating to the revocation
      or
      modification of any such permits.

     

    (d) Title
      to Assets.
      The
      Company and the Subsidiaries 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, charges, encumbrances
      or
      security interests (“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 the Company and the Subsidiaries. Any
      real property and facilities held under lease by the Company and the
      Subsidiaries are held by them under valid, subsisting and enforceable leases
      of
      which the Company and the Subsidiaries are in compliance, except as would not,
      individually or in the aggregate, reasonably be expected to result in a Material
      Adverse Effect.

     

    (e) Transactions
      With Affiliates and Employees.
      Except
      as set forth in the SEC Reports, none of the officers or directors of the
      Company and, to the knowledge of the Company, none of the employees of the
      Company is presently a party to any transaction with the Company or any
      Subsidiary (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 officer,
      director or such employee or, to the knowledge of the Company, any entity in
      which any officer, director, or any such employee has a substantial interest
      or
      is an officer, director, trustee or partner.

     

    (f) Internal
      Accounting Controls.
      Except
      as otherwise disclosed in the SEC Reports, (i) the Company and the Subsidiaries
      maintain a system of internal accounting controls sufficient to provide
      reasonable assurance that (A) transactions are executed in accordance with
      management’s general or specific authorizations, (B) transactions are recorded
      as necessary to permit preparation of financial statements in conformity with
      GAAP and to maintain asset accountability, (C) access to assets is permitted
      only in accordance with management’s general or specific authorization, and (D)
      the recorded accountability for assets is compared with the existing assets
      at
      reasonable intervals and appropriate action is taken with respect to any
      differences, (ii) the Company has established disclosure controls and procedures
      (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company
      and
      designed such disclosure controls and procedures to ensure that material
      information relating to the Company, including its Subsidiaries, is made known
      to the certifying officers by others within those entities, particularly during
      the period in which the Company’s Form 10-K or 10-Q, as the case may be, is
      being prepared, (iii) the Company’s certifying officers have evaluated the
      effectiveness of the Company’s controls and procedures in accordance with Item
      307 of Regulation S-K under the Exchange Act for the Company’s most recently
      ended fiscal quarter or fiscal year-end (such date, the “Evaluation
      Date”),
      (iv)
      the Company presented in its most recently filed Form 10-K or Form 10-Q the
      conclusions of the certifying officers about the effectiveness of the disclosure
      controls and procedures based on their evaluations as of the Evaluation Date,
      and (v) since the Evaluation Date, there have been no significant changes in
      the
      Company’s internal controls (as would be required to be disclosed under Item
      308(c) of Regulation S-K under the Exchange Act) or, to the Company’s knowledge,
      in other factors that could significantly affect the Company’s internal
      controls.

     

    
      
        
        

      

      
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    (g) Solvency.
      Based
      on the financial condition of the Company as of the Closing Date (and assuming
      that the Closing shall have occurred), (i) the Company’s fair saleable value of
      its assets exceeds the amount that will be required to be paid on or in respect
      of the Company’s existing debts and other liabilities (including known
      contingent liabilities) as they mature, (ii) the Company’s assets do not
      constitute unreasonably small capital to carry on its 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 the Company, and projected capital requirements and
      capital availability thereof, and (iii) the current cash flow of the Company,
      together with the proceeds the Company would receive, were it to liquidate
      all
      of its 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 Company does not intend to incur debts beyond
      its
      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).

     

    (h) Certain
      Fees.
      Except
      for the Placement Agent, no brokerage or finder’s fees or commissions are or
      will be payable by the Company 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.

     

    (i) Certain
      Registration Matters.
      Except
      as contemplated by the Transaction Documents, the Company has not granted or
      agreed to grant to any person 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.

     

    (j) Listing
      and Maintenance Requirements.
      Except
      as specified in the SEC Reports, the Company has not, in the two years preceding
      the date hereof, received notice from any market on which the Company’s
      securities are listed (each, a “Trading Market”) to the effect that the Company
      is not in compliance with the listing or maintenance requirements thereof.
      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.
      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 shareholders of
      the
      Company thereunder is required for the Company to issue and deliver to the
      Investors the Shares contemplated by Transaction Documents.

     

    (k) 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.

     

    
      
        
        

      

      
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    (l) Application
      of Takeover Protections.
      Assuming that Investor has not heretofore acquired beneficial ownership of
      any
      securities of the Company that would trigger the application of 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 Articles of Incorporation (or similar charter documents) or the laws
      of its state of incorporation (each, a “Control Provision”), the Company has
      taken all necessary action, if any, in order to render inapplicable any such
      Control Provision that is or could become applicable to the Subscriber as a
      result of the Subscriber 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 Subscriber’s ownership
      of the Shares.

     

    (m) No
      Additional Agreements.
      The
      Company does not have 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.

     

    (n) 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.

     

    (o) Foreign
      Corrupt Practices Act.
      Neither
      the Company nor any Subsidiary, nor to the knowledge of the Company, any agent
      or other person acting on behalf of any of the Company or any Subsidiary, 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
      Subsidiary (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.

     

    (p) Money
      Laundering Laws.
      The
      operations of each of the Company and any Subsidiary 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 the Company and/or any Subsidiary
      with respect to the Money Laundering Laws is pending or, to the best knowledge
      of the Company, threatened.

     

    (q) Additional
      PRC Representations and Warranties.
      

     

    (i) All
      material consents, approvals, authorizations or licenses requisite under PRC
      law
      for the due and proper establishment and operation of the Company
      and the Subsidiaries
      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 the Company and the Subsidiaries and their operations including,
      without limitation, the registration with the Ministry of Commerce, the State
      Administration of Industry and Commerce, the State Administration for 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.

     

    
      
        
        

      

      
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    (iii) The
      Company and the Subsidiaries have 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 rights of, or commitments
      made by the Company or any Subsidiary to sell any of their respective equity
      interests.

     

    (iv) Neither
      the Company nor any Subsidiary is in receipt of any letter or notice from any
      relevant PRC governmental authority notifying it of the revocation, or otherwise
      questioning the validity, 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 need for compliance or
      remedial actions in respect of the activities carried out by the Company or
      such
      Subsidiary, except such revocation as does not, and would not, individually
      or
      in the aggregate, have a Material Adverse Effect.

     

    (v) The
      Company and the Subsidiaries have conducted their respective business activities
      within their permitted scope of business or have otherwise operated their
      respective businesses 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 part of the Company or any Subsidiaries’ business which
      is subject to periodic renewal, neither the Company nor such Subsidiary has
      any
      knowledge of any grounds on which such requisite renewals will not be granted
      by
      the relevant PRC governmental authorities.

     

    (vi) With
      regard to employment and staff or labor, the Company and the Subsidiaries have
      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.

     

    (r) The
      Company confirms that neither it nor any person acting on its behalf has
      provided Subscriber or its respective agents or counsel with any information
      that the Company 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 Subscriber will rely on the foregoing representations and covenants in
      effecting transactions in securities of the Company. All disclosure provided
      to
      Subscriber regarding the Company, the Subsidiaries or their respective
      businesses and the transactions contemplated hereby, furnished by or on behalf
      of the Company (including the Company’s representations and warranties set forth
      in this Agreement and any business plan or investor presentation provided by
      the
      Company or any Person acting on the Company's behalf) 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.

     

    
      
        
        

      

      
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    Section
      4. Additional
      Agreements.

    

    4.1 Registration
      Rights.
      

     

    (a) Registration.
      Within
      60 days following the final closing of the Offering, the Company shall file
      a
      registration statement under the Securities Act, on a form of registration
      statement the Company is permitted to use for such purposes (such registration
      statement and any other registration statement filed by the Company pursuant
      to
      Section 4.1 of this Subscription Agreement being referred to as the
“Registration
      Statement”),
      covering resale of not less than all of the Shares included in the Units
      subscribed to by Subscriber hereunder (the “Registrable
      Securities”).
      The
      Registration Statement shall be prepared in accordance with applicable rules
      and
      regulations of the SEC at the time the Registration Statement is filed
      (“Applicable
      Rules”).
      Notwithstanding the foregoing, in the event that Applicable Rules do not permit
      registration of all of the Registrable Securities and all of the registrable
      securities of the other Investors in the Offering, the Company shall include
      each Investor’s (including Subscriber’s) pro-rata portion of registrable
      securities in the filing. In the event Applicable Rules do not permit the
      Company to include all Investors’ registrable securities in the Registration
      Statement to the extent required by this Agreement, the Company shall file
      such
      amendments to the Registration Statement, and/or such other and further
      registration statements, as and when permitted by Applicable Rules, such that
      all of the Registrable Securities are covered by an effective registration
      statement. The registration right provided in this paragraph shall not apply
      to
      the extent of Registrable Securities that may be sold pursuant to Rule 144,
      without regard to volume limitations. 

     

    (b)
      In
      connection with the Registration Statement, the Company will: 

     

    (i) prepare
      and file the Registration Statement with the Commission and use its commercially
      reasonable best efforts to cause such registration statement to become effective
      as soon as practicable and remain effective for the period required hereby,
      and
      notify Subscriber, on or before expiration of the second business day after
      the
      Company receives notice, that the registration statement has been declared
      effective; 

     

    (ii) prepare
      and file with the Commission such amendments and supplements to such
      Registration Statement and the prospectus used in connection therewith as may
      be
      necessary to keep such Registration Statement effective until such registration
      statement has been effective for the period required hereby; 

     

    (iii) if
      applicable, list the Registrable Securities covered by such registration
      statement with any securities exchange on which the Common Stock of the Company
      is then listed; and

     

    (iv) notify
      Subscriber of the Company’s becoming aware that a prospectus relating thereto is
      required to be delivered under the Securities Act, of the happening of any
      event
      of which the Company has knowledge as a result of which the prospectus contained
      in such registration statement, as then in effect, includes an untrue statement
      of a material fact or omits to state a material fact required to be stated
      therein or necessary to make the statements therein not misleading in light
      of
      the circumstances then existing or which becomes subject to a Commission, state
      or other governmental order suspending the effectiveness of the registration
      statement covering any of the Registrable Securities. 

     

    (c) In
      connection with the Registration Statement, Subscriber will furnish to the
      Company in writing such information and representation letters with respect
      to
      itself and the proposed distribution by it as reasonably shall be necessary
      in
      order to assure compliance with federal and applicable state securities laws.
      The Company’s obligation to register Subscriber’s Registrable Securities is
      subject to Subscriber providing the Company with such information as it may
      reasonably request therefore.

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (d) All
      expenses incurred by the Company in complying with its obligation to file the
      Registration Statement, including, without limitation, all registration and
      filing fees, printing expenses (if required), fees and disbursements of counsel
      and independent public accountants for the Company, fees and expenses (including
      reasonable counsel fees) incurred in connection with complying with state
      securities or “blue sky” laws, fees of the National Association of Securities
      Dealers, Inc., transfer taxes, and fees of transfer agents and registrars,
      are
      called “Registration
      Expenses.”
All
      selling commissions applicable to the sale of Registrable Securities are called
      "Selling
      Expenses."
      The
      Company will pay all Registration Expenses in connection with the Registration
      Statement and Subscriber shall be responsible for Selling Expenses attributable
      to the sale of its Registrable Securities.

     

    (e)(i) In
      the
      event of a registration of any Registrable Securities, the Company will, to
      the
      extent permitted by law, indemnify and hold harmless Subscriber, each officer
      of
      Subscriber, each director of Subscriber, and each other person, if any, who
      controls Subscriber within the meaning of the Securities Act, against any
      losses, claims, damages or liabilities, joint or several, to which Subscriber
      may become subject under the Securities Act or otherwise, insofar as such
      losses, claims, damages or liabilities (or actions in respect thereof) arise
      out
      of or are based upon any untrue statement or alleged untrue statement of any
      material fact contained in any registration statement under which Subscriber’s
      Registrable Securities were registered under the Securities Act, any preliminary
      prospectus or final prospectus contained therein, or any amendment or supplement
      thereof, or arise out of or are based upon the omission or alleged omission
      to
      state therein a material fact required to be stated therein or necessary to
      make
      the statements therein not misleading in light of the circumstances when made,
      and will subject to the other provisions hereof reimburse Subscriber for any
      legal or other expenses reasonably incurred by it in connection with
      investigating or defending any such loss, claim, damage, liability or action;
      provided, however, that the Company shall not be liable to Subscriber (i) to
      the
      extent that any such damages arise out of or are based upon an untrue statement
      or omission made in any preliminary prospectus if (A) Subscriber failed to
      send
      or deliver a copy of the final prospectus with or prior to the delivery of
      written confirmation of the sale by Subscriber to the person asserting the
      claim
      from which such damages arise, and (B) the final prospectus would have corrected
      such untrue statement or alleged untrue statement or such omission or alleged
      omission, or (ii) to the extent that any such loss, claim, damage or liability
      arises out of or is based upon an untrue statement or alleged untrue statement
      or omission or alleged omission so made in conformity with information furnished
      by Subscriber in the Offering in writing specifically for use in such
      registration statement or prospectus. 

     

    (ii) In
      the
      event of a registration of any of the Registrable Securities under the
      Securities Act pursuant hereto, Subscriber will, to the extent permitted by
      law,
      indemnify and hold harmless the Company, and each person, if any, who controls
      the Company within the meaning of the Securities Act, each officer of the
      Company who signs the registration statement and each director of the Company,
      against all losses, damages or liabilities, joint or several, to which the
      Company or such officer, director or controlling person may become subject
      under
      the Securities Act or otherwise, insofar as such losses, damages or liabilities
      arise out of or are based upon any untrue statement or alleged untrue statement
      of any material fact contained in the registration statement under which such
      Registrable Securities were registered under the Securities Act pursuant hereto,
      any preliminary prospectus or final prospectus contained therein, or any
      amendment or supplement thereof, or arise out of or are based upon the omission
      or alleged omission to state therein a material fact required to be stated
      therein or necessary to make the statements therein not misleading, and will
      reimburse the Company and each such officer, director and controlling person
      for
      any legal or other expenses reasonably incurred by them in connection with
      investigating or defending any such loss, damage, liability or action,
provided,
      however,
      that
      Subscriber will be liable hereunder in any such case if and only to the extent
      that any such loss, damage or liability arises out of or is based solely upon
      an
      untrue statement or alleged untrue statement or omission or alleged omission
      made in reliance upon and in conformity with information pertaining to
      Subscriber, furnished in writing to the Company by Subscriber specifically
      for
      use in such registration statement or prospectus.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (iii) Promptly
      after receipt by an indemnified party hereunder of notice of the commencement
      of
      any action, such indemnified party shall, if a claim in respect thereof is
      to be
      made against the indemnifying party hereunder, notify the indemnifying party
      in
      writing thereof, but the omission so to notify the indemnifying party shall
      not
      relieve it from any liability which it may have to such indemnified party other
      than under this Section and shall only relieve it from any liability which
      it
      may have to such indemnified party under this Section, except and only if and
      to
      the extent the indemnifying party is prejudiced by such omission. In case any
      such action shall be brought against any indemnified party and it shall notify
      the indemnifying party of the commencement thereof, the indemnifying party
      shall
      be entitled to participate in and, to the extent it shall wish, to assume and
      undertake the defense thereof with counsel reasonably satisfactory to such
      indemnified party, and, after notice from the indemnifying party to such
      indemnified party of its election so to assume and undertake the defense
      thereof, the indemnifying party shall not be liable to such indemnified party
      under this Section for any legal expenses subsequently incurred by such
      indemnified party in connection with the defense thereof other than reasonable
      costs of investigation and of liaison with counsel so selected, provided,
      however, that, if the defendants in any such action include both the indemnified
      party and the indemnifying party and the indemnified party shall have reasonably
      concluded that there may be reasonable defenses available to it which are
      different from or additional to those available to the indemnifying party or
      if
      the interests of the indemnified party reasonably may be deemed to conflict
      with
      the interests of the indemnifying party, the indemnified parties, as a group,
      shall have the right to select one separate counsel and to assume such legal
      defenses and otherwise to participate in the defense of such action, with the
      reasonable expenses and fees of such separate counsel and other expenses related
      to such participation to be reimbursed by the indemnifying party as
      incurred.

     

    (f) In
      the
      event the Company fails to file the Registration Statement within the period
      specified in Section 4.1(a) above, or once filed, in the event the Company
      fails
      to diligently pursue registration of Subscriber’s Registrable Securities, all to
      the extent required hereby, then the Company shall pay to Subscriber liquidated
      damages in an amount equal to 1% of the amount of Subscriber’s investment in the
      Units, for each full month in which such Registration Statement is not filed
      or
      diligently pursued; provided that the amount of liquidated damages payable
      under
      this Section 4(f) shall in no event exceed 10% of the amount of Subscriber’s
      investment.

     

    4.2 Performance
      Escrow.
      At the
      final closing of the Offering, the Placement Agent and certain affiliates of
      the
      Company will enter into the Performance Escrow Agreement, substantially on
      the
      terms and conditions set forth in the form of Performance Escrow Agreement
      attached as an exhibit to the Term Sheet. Subscriber understands that the
      disbursement of shares under the Performance Escrow Agreement will be made
      in
      accordance with the written instructions of the Placement Agent and Subscriber
      will have no control over the disbursement of such shares. Subscriber hereby
      indemnifies and holds harmless the Placement Agent and the Escrow Agent from
      and
      against any and all claims, suits, proceedings and damages arising by reason
      of
      the transactions contemplated by the Performance Escrow Agreement, except as
      against a person who is found by a court of competent jurisdiction to have
      acted
      with gross negligence or willful misconduct. 

    
      
        
        

      

      
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    4.3 Participation
      Right.
      For
      a
      period of one year following the effective date of the Registration Statement,
      Subscriber is hereby granted the right to participate in each future
      capital-raising transaction commenced by the Company prior to the expiration
      of
      such one-year period (on the same terms and conditions as are offered to third
      party participants in such transaction), to the extent of the dollar amount
      of
Subscriber’s
      investment in the Offering.
      The
      Company shall provide Subscriber with not less than ten days’ prior written
      notice of Subscriber’s right to participate in a capital-raising transaction
      covered by this provision, and Subscriber shall have ten days from its receipt
      or deemed receipt of such notice to notify the Company, in writing, whether
      it
      desires to participate. In the event Subscriber fails to respond to the
      Company’s notice within such ten day period, Subscriber shall be deemed not to
      have exercised its participation right. In the event Subscriber provides timely
      written notice to the Company of its election to participate in a
      capital-raising transaction covered by this provision, Subscriber shall tender
      its payment and any required documentation to the Company within five days
      following Subscriber’s written notice of participation to the Company. In the
      event Subscriber fails to make such payment on a timely basis or provide such
      documents, Subscriber’s right of participation shall terminate and shall
      thereafter be of no further force or effect.

    

    4.4 Public
      Relations Firm.
      Within
      45 days following the final closing of the Offering, the Company agrees to
      engage a reputable public relations firm to provide the Company with investor
      relations services. To the extent described in the Term Sheet and the Bank
      Escrow Agreement the form of which is attached as an exhibit to the Term Sheet,
      the Company has agreed to deposit $250,000 from the proceeds of the Offering
      into escrow until such time as the Company has engaged a reputable public
      relations firm. The undersigned understands that under the Bank Escrow
      Agreement, the funds will be disbursed in accordance with the joint written
      instructions of the Company and the Placement Agent and Subscriber will have
      no
      control over the disbursement of such funds. Subscriber hereby indemnifies
      and
      holds harmless the Company, the Placement Agent and the Escrow Agent from and
      against any and all claims, suits, proceedings and damages arising by reason
      of
      the transactions contemplated by the Bank Escrow Agreement, except as against
      a
      person who is found by a court of competent jurisdiction to have acted with
      gross negligence or willful misconduct.

    

    4.5 Lock-Up
      Agreements.
      Each of
      the Company’s executive officers and each of its directors has entered into an
      agreement with the Placement Agent, the form of which is attached as an exhibit
      to the Term Sheet, under which each such executive officer and director has
      agreed, without the prior written consent of the Placement Agent, not to offer,
      pledge, sell, contract to sell, sell any option or contract to purchase,
      purchase any option or contract to sell, sell stock short, grant any option,
      right or warrant to purchase, lend or otherwise transfer or dispose of any
      shares of Common Stock or enter into any swap or other arrangement that
      transfers any economic consequences of ownership of Common Stock, commencing
      on
      the date of the Term Sheet and, subject to the occurrence of a closing of the
      Offering, continuing for a period of one year following the effective date
      of
      the Registration Statement.

    

    4.6 Independent
      Board of Directors.
      The
      Company agrees that within 120 days following the final closing of the Offering,
      it will establish a board of directors a majority of whose members are
“independent” within the meaning of Rule 4200(a)(15) of the Nasdaq Marketplace
      Rules. To the extent described in the Term Sheet and the Bank Escrow Agreement
      the form of which is attached as an exhibit to the Term Sheet, the Company
      has
      agreed to deposit $650,000 from the proceeds of the Offering into escrow until
      such time as the Company has satisfied this requirement to the satisfaction
      of
      the Company and the Placement Agent. The undersigned understands that under
      the
      Bank Escrow Agreement, the funds will be disbursed to the Company in accordance
      with the joint written instructions of the Company and the Placement Agent
      and
      Subscriber will have no control over the disbursement of such funds. Subscriber
      hereby indemnifies and holds harmless the Company, the Placement Agent and
      the
      Escrow Agent from and against any and all claims, suits, proceedings and damages
      arising by reason of the transactions contemplated by the Bank Escrow Agreement,
      except as against a person who is found by a court of competent jurisdiction
      to
      have acted with gross negligence or willful misconduct.

    
      
        
        

      

      
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    4.7 Unlegended
      Shares. Certificates evidencing Shares shall not contain any legend: (i)
      following a sale or transfer of such Shares pursuant to an effective
      registration statement (including a Registration Statement), or (ii) following
      a
      sale or transfer of such Shares pursuant to Rule 144 (assuming the transferee
      is
      not an Affiliate of the Company), or (iii) while such Shares are eligible for
      sale without volume limitations pursuant to Rule 144. If Subscriber sells or
      transfers Shares either (x) pursuant to Rule 144 or (y) pursuant to a
      registration statement the Company or the Company’s transfer agent shall deliver
      or cause to be delivered to such Subscriber a certificate representing such
      Shares that is free from all restrictive or other legends by the third trading
      day following the date of such transfer or sale.

     

    4.8 Furnishing
      of Information.
      As long
      as Subscriber owns the Shares, 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 Subscriber owns Shares, if the Company is not
      required to file reports pursuant to such laws, it will prepare and furnish
      to
      Subscriber and make publicly available in accordance with Rule 144(c) such
      information as is required for Subscriber to sell the Shares under Rule 144.
      The
      Company further covenants that it will take such further action as Subscriber
      may reasonably request, all to the extent required from time to time to enable
      Subscriber to sell the Shares without registration under the Securities Act
      within the limitation of the exemptions provided by Rule 144.

     

    4.9 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 in the Offering, 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 securities
      to
      the Investors.

     

    4.10 Subsequent
      Registrations.
      Prior
      to the effective date of the Registration Statement, 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.

     

    4.11 Indemnification
      of Subscriber.
      In
      addition to the indemnity provided herein, the Company will indemnify and hold
      Subscriber and its 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 (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 the Company 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) incurred
      in connection therewith, as such expenses are incurred. Except as otherwise
      set
      forth herein, the mechanics and procedures with respect to the rights and
      obligations under this Section shall be the same as those set forth
      above.

     

    4.12 Use
      of
      Proceeds.
      The
      Company will use the net proceeds from the sale of the Shares hereunder
      substantially as set forth in the Term Sheet.

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    4.13 Accounting
      Advisor.
      The
      Company agrees that within 90 days following the final closing of the Offering,
      it will engage
      a
      consultant familiar with generally accepted accounting principles in the United
      States and rules and regulations of the Securities and Exchange Commission,,
      to
      monitor the Company’s financial reporting and address and assist the Company in
      the presentation of financial reports and delivery of financial and related
      information.
      To the
      extent described in the Term Sheet and the Bank Escrow Agreement the form of
      which is attached as an exhibit to the Term Sheet, the Company has agreed to
      deposit $100,000 from the proceeds of the Offering into escrow until such time
      as the Company has satisfied this requirement to the satisfaction of the Company
      and the Placement Agent. The undersigned understands that under the Bank Escrow
      Agreement, the funds will be disbursed to the Company in accordance with the
      joint written instructions of the Company and the Placement Agent and Subscriber
      will have no control over the disbursement of such funds. Subscriber hereby
      indemnifies and holds harmless the Company, the Placement Agent and the Escrow
      Agent from and against any and all claims, suits, proceedings and damages
      arising by reason of the transactions contemplated by the Bank Escrow Agreement,
      except as against a person who is found by a court of competent jurisdiction
      to
      have acted with gross negligence or willful misconduct.

     

    Section
      5. Miscellaneous.

    

    5.1 Any
      notice or other communication required, permitted or provided for hereunder
      (each, a “Notice”) shall be effective as between the parties only if given in
      writing and sent by (a) personal delivery, (b) registered or certified mail
      (return receipt requested); or (c) internationally recognized express delivery
      service, to the Company at No. 1 Huaihe West Road. E-T-D Zone, Dalian, China
      116600, and to the Subscriber at his address indicated on the signature page
      of
      this Subscription Agreement. Notice shall be deemed to have been duly given
      and
      received (i) if personally delivered, on the date of such delivery, (ii) if
      mailed, on the date set forth on the return receipt, or (iii) if delivered
      by
      express delivery, on the date of such delivery (as evidenced by the receipt
      provided to the express delivery service). If Notice cannot be delivered because
      of a changed address of which no Notice was given, or the refusal to accept
      delivery, the Notice shall be deemed received on the date it is sent (as
      evidenced by the affidavit of the sender). 

    

    5.2 This
      Subscription Agreement shall be binding upon and inure to the benefit of the
      parties hereto and to their respective heirs, legal representatives, successors
      and assigns. This Subscription Agreement sets forth the entire agreement and
      understanding between the parties as to the subject matter hereof and merges
      and
      supersedes all prior discussions, agreements and understandings of any and
      every
      nature among them.

    

    5.3 Notwithstanding
      the place where this Subscription Agreement may be executed by any of the
      parties hereto, the Company and Subscriber hereby: (a) agree that all questions
      concerning the construction, validity, enforcement and interpretation of this
      Subscription Agreement shall be governed by and construed and enforced in
      accordance with the internal laws of the State of Nevada, without regard to
      the
      principles of conflicts of law thereof, and (b) all legal proceedings concerning
      the interpretation, enforcement and defense of this Subscription Agreement
      shall
      be commenced in the Courts of the State of Florida or the courts of the United
      States of America, in each case located in the County of Broward, and appellate
      courts from any thereof (the “Courts”), (c) irrevocably submit to the exclusive
      jurisdiction of the Courts for the adjudication of any dispute hereunder
      (including with respect to the enforcement of this Subscription Agreement);
      (d)
      irrevocably waive and agree not to assert in any suit, action or proceeding,
      any
      claim that it is not personally subject to the jurisdiction of any of such
      Courts, or that such suit, action or proceeding is improper; (e) irrevocably
      waive personal service of process and consents to process being served in any
      such suit, action or proceeding by mailing a copy thereof via registered or
      certified mail or overnight delivery (with evidence of delivery) to the other
      at
      the address in effect for notices to it under this Subscription 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); and (f) irrevocably
      waive, 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
      Subscription Agreement or the transactions contemplated hereby.

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    5.4 This
      Subscription Agreement may be executed in counterparts, and may be executed
      by
      facsimile or electronic signature with the same force and effect as if executed
      by original signature. Upon the execution and delivery of this Subscription
      Agreement by the Subscriber, this Subscription Agreement shall become a binding
      obligation of the Subscriber with respect to the purchase of Units as herein
      provided.

    

    5.5 If
      any
      provision of this Subscription Agreement is declared by a court of competent
      jurisdiction to be in any way invalid, illegal or unenforceable, the balance
      of
      this Subscription Agreement shall remain in effect, and if any provision is
      inapplicable to any person or circumstance, it shall nevertheless remain
      applicable to all other persons and circumstances.

    

    5.6 No
      term
      or provision contained herein may be modified, amended or waived except by
      written agreement or consent signed by the party or parties to be bound thereby.
      It is agreed that a waiver by either party of a breach of any provision of
      this
      Subscription Agreement shall not operate, or be construed, as a waiver of any
      subsequent breach by that same party.

    

    5.7 The
      parties agree to execute and deliver all such further documents, agreements
      and
      instruments and take such other and further action as may be necessary or
      appropriate to carry out the purposes and intent of this Subscription
      Agreement.

    

    5.8 
      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. The Company 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. If Subscriber is a corporation, limited
      liability company, partnership, trust or two or more individuals purchasing
      jointly, Subscriber shall follow the specific instructions for the Certificate
      of Corporate, Limited Liability Company, Partnership, Trust and Joint Purchases
      at Page hereof.

     

    5.9. Subscriber
      acknowledges that the subscription made hereby is not binding upon the Company
      until the Company accepts it. The Company has the right to accept or reject
      this
      subscription in whole or in part in its sole and absolute discretion. If this
      subscription is rejected in whole, the Company shall return the Purchase Price
      to Subscriber, without interest, and the Company and Subscriber shall have
      no
      further obligation to each other by reason of this Subscription Agreement or
      the
      subscription made hereby. In the event of a partial rejection of this
      subscription, a proportionate amount of the Purchase Price will be returned
      to
      Subscriber, without interest.

      

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    

    SIGNATURE
      PAGE FOR INDIVIDUAL INVESTOR

    

    

    IN
      WITNESS WHEREOF, this Subscription Agreement has been executed by Subscriber
      and
      by the Company on the respective dates set forth below.

     

    

      
        	 	 	 	 	 
	
                Signature
                  

              	 	 	
                Signature
                  (If Units Purchased Jointly)

              
	 	 	 	 	 
	
                Name
                  

              	 	 	Name	 
	 	
                Please
                  Print

              	 	
                 

              	
                Please
                  Print

              
	 	 	 	 	 
	
                Address
                  

              	 	 	
                Address

              	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	
                Telephone
                  # 

              	 	 	
                Telephone
                  #

              	 
	 	 	 	 	 
	
                Fax
                  #

              	 	 	
                Fax
                  #

              	 
	 	 	 	 	 
	
                Email:

              	 	 	
                Email:

              	 
	 	 	 	 	 
	
                Social
                  Security # 

              	 	 	
                Social
                  Security # 

              	 
	 	 	 	 	 
	
                Date:
                  

              	 	 	
                Date:
                  

              	 

      

       

      
        	Number
                of Units Subscribed For: 	 	 	 	 
	 	 	 	 	 

      

       

      
        	Purchase
                Price:	 	(at
                $60,000 per unit)	 	 

      

    

    

    Form
      of
      joint ownership of Units (if applicable):   o
      JTTEN    
o
      JTWROS      o
      JTTIC

     

    
      	Exact
              Name in Which Securities are to be Registered:	 

    

    
Subscription
      Accepted:

     

    CHINA
      INDUSTRIAL WASTE MANAGEMENT, INC.

    

      
        	
                By:
                  

              	 	 	 
	 	 	 	 
	 	
                Name: 

              	 	 
	 	 	 	 
	 	 	 	 
	 	
                Title: 

              	 	 
	 	 	 	 
	 	 	 	 
	
                Date:
                  

              	 	 	 

      

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    

      SIGNATURE
        PAGE FOR PARTNERSHIP, CORPORATION, 

      LIMITED
        LIABILITY COMPANY OR TRUST

      

      IN
        WITNESS WHEREOF, the undersigned has executed this Subscription Agreement
        on the
        date set forth below. 

      

      
        	 	 	 	 	 
	
                Name
                  of partnership, corporation, limited liability company or
                  trust

              	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	
                By:
                  

              	 	 	
                Federal
                  Tax ID Number

              	 
	 	 	 	 	 
	
                Name:
                  

              	 	 	 	 
	 	 	 	 	 
	
                Title:
                  

              	 	 	
                State
                  of Organization

              	 
	 	 	 	 	 
	
                Address:

              	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	
                Telephone:

              	 	 	 	 
	 	 	 	 	 
	
                Fax:

              	 	 	 	 
	 	 	 	 	 
	
                Email:

              	 	 	 	 
	 	 	 	 	 
	
                Date:
                  

              	 	 	 	 

      

       

        
          	Number
                  of Units Subscribed For: 	 	 	 	 
	 	 	 	 	 

        

         

        
          	Purchase
                  Price:	 	(at
                  $60,000 per unit)	 	 

        

         

          
            	Exact
                    Name in Which Securities are to be Registered:	 

          

           

        

      

      Subscription
        Accepted:

       

      CHINA
        INDUSTRIAL WASTE MANAGEMENT, INC.

      
        

          
            	
                    By:
                      

                  	 	 	 
	 	 	 	 
	 	
                    Name: 

                  	 	 
	 	 	 	 
	 	 	 	 
	 	
                    Title: 

                  	 	 
	 	 	 	 
	 	 	 	 
	
                    Date:
                      

                  	 	 	 

          

        

         

      

    

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    SPECIAL
      SUBSCRIPTION INSTRUCTIONS FOR CORPORATE, PARTNERSHIP, LIMITED LIABILITY COMPANY,
      TRUST AND JOINT PURCHASERS

    

    If
      Subscriber is a corporation, partnership, limited liability company, trust,
      or
      other entity or joint purchaser, the following additional instructions must
      be
      followed. INFORMATION ADDITIONAL TO THAT REQUESTED BELOW MAY ALSO BE REQUIRED
      BY
      THE COMPANY IN SOME CASES.

     

    1. Certificate.
      Subscriber must date and sign the Certificate below, and, if requested by the
      Company, Subscriber may also be required to provide a copy of (a) the
      corporation’s articles of incorporation, bylaws and authorizing resolution, (b)
      the partnership agreement, (c) the limited liability company’s certificate of
      formation or articles of organization, as applicable, and limited liability
      company agreement, operating agreement or similar agreement governing the rights
      and obligations of the members of the limited liability company, or (d) the
      trust agreement, as applicable.

     

    2. Subscription
      Agreement.

     

    (a) Corporations.
      An
      authorized officer of the corporation must date, sign, and complete the
      Subscription Agreement with information concerning the corporation. The officer
      should print the name of the corporation above his signature, and print his
      name
      and office below his signature.

     

    (b) Partnerships.
      An
      authorized partner must date, sign, and complete the Subscription Agreement
      with
      information concerning the partnership. The partner should print the name of
      the
      partnership above his signature, and print his name and the words “general
      partner” below his signature.

     

    (c) Limited
      Liability Companies.
      An
      authorized member or manager must date, sign, and complete the Subscription
      Agreement with information concerning the limited liability company. The member
      or manager should print the name of the limited liability company above his
      signature, and print his name and the word “member” or “manager” below his
      signature.

     

    (d) Trusts.
      In the
      case of a trust, the authorized trustee should date, sign, and complete the
      Subscription Agreement with information concerning the trust. The trustee should
      print the name of the trust above his signature, and print his name and the
      word
“trustee” below his signature. In addition, an authorized trustee should also
      provide information requested in the Subscription Agreement as it pertains
      to
      him as an individual.

     

    (e) Joint
      Ownership.
      In all
      cases, each individual must date, sign, and complete the Subscription Agreement.
      Joint investors must state if they are purchasing the Shares as joint tenants
      with the right of survivorship, tenants in common, or community property, and
      each must execute the Subscription Agreement signature page.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    CERTIFICATE
      FOR CORPORATE, PARTNERSHIP,

    LIMITED
      LIABILITY COMPANY, TRUST, AND JOINT SUBSCRIBERS

     

    If
      Subscriber is a corporation, partnership, limited liability company, trust,
      joint purchaser, or other entity, an authorized officer, partner, member,
      manager or trustee must complete, date and sign this Certificate.

     

     

    CERTIFICATE

     

    I
      hereby
      certify that:

     

    1. Subscriber
      has been duly formed is validly and existing and has full power and authority
      to
      purchase the Units and make an investment in China Industrial Waste Management,
      Inc.

     

    2. The
      Subscription Agreement has been duly and validly authorized, executed, and
      delivered by Subscriber and constitutes the valid, binding, and enforceable
      obligation of Subscriber.

    

      
        	
                Date:
                  

              	 	 	 
	 	 	 	
                Name
                  of corporation, partnership, limited liabilitycompany,
                  trust or joint purchases (please print)

              
	 	 	 	 
	 	 	 	 
	 	 	 	
                Signature
                  and title of authorized officer, partner, member, manager, trustee,
                  or
                  joint purchaser

              

  

        
          
            
            

          

          
            21

            
              

            

          

          
            
            

          

        

    

    ACCREDITED
      INVESTOR PROSPECTIVE PARTICIPANT QUESTIONNAIRE

    

    _______________________

    

    

    **ALL
      INFORMATION WILL BE HELD IN STRICTEST CONFIDENCE**

    

    INSTRUCTIONS
      TO THE PROSPECTIVE INVESTOR:
      This
      Questionnaire is being sent to each prospective participant that has indicated
      an interest in purchasing Units of China Industrial Waste Management, Inc.
      (the
“Company”). The purpose of this Questionnaire is to assure the Company that each
      prospective subscriber to its Units (“Subscriber”) will meet the standards
      imposed by Regulation D, promulgated under the Securities Act of 1933, as
      amended, the National Securities Markets Improvement Act of 1966, similar
      exemptions provided by the applicable state securities laws and regulations
      promulgated there under (the “Securities Laws”), since the Units will not be
      registered. Each subscriber must complete the following
      Questionnaire.

    

    The
      information provided will be used to determine whether the prospective
      purchaser’s Subscription Agreement to purchase Units will be accepted by the
      Company in light of the requirements of Securities Laws. In subscribing for
      Units and furnishing the information requested in this Questionnaire, the
      Subscriber understands that the Company will rely on the information provided
      herein for purposes of such determinations. The Subscriber understands that
      a
      false representation may constitute a violation of law and that any person
      who
      suffers damage as a result of a false representation may have a claim against
      the Subscriber for damages.

    

    The
      information provided herein by Subscribers will be kept confidential. However,
      by signing this Questionnaire, the Subscriber agrees that the Company may
      present the completed document to such parties as it deems appropriate if called
      upon to establish the availability under any Securities Laws. 

    

    In
      accordance with the foregoing, the following representations are hereby made
      and
      the following information is furnished by the undersigned
      subscriber.

    

    PART
      A. GENERAL INFORMATION

     

    
      
        	
                NAME(S)
                  OF PROSPECTIVE SUBSCRIBER: 

              	 
	 	 
	 	 
	 	 
	
                Social
                  Security Number or Tax I.D. No.:

              	 

      

       

    

    PART
      B. INVESTOR INFORMATION

    

    
      	 	
              1.

            	
              If
                the prospective Participant is an
                individual:

            

    

    

    
      	 	
              (a)

            	
              Do
                you have an individual net worth, or joint net worth with your spouse
                (including home, automobiles and furnishings) in excess of
                $1,000,000?

            

    

    

    Yes o
      No o

     

    
      	
            	(b)	
              (i) Did
                you have individual income in excess of $200,000 in each of the two
                most
                recent years or joint income with your spouse in excess of $300,000
                for
                each of those years?

            

    

     

    Yes o
      No o

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    

    (ii) Do
      you
      anticipate for this tax year having individual income in excess of $200,000,
      or
      joint income with your spouse in excess of $300,000?

     

    Yes o
      No o

    

    
      	 	
              2.

            	
              If
                the prospective Participant is a corporation, partnership, limited
                liability company, trust or other
                entity:

            

    

    

    
      	 	
              (a)

            	
              Is
                the entity an accredited investor within the meaning of Regulation
                D of
                the Securities Act?

            

    

     

    
      Yes o
        No o

       

    

    
      	 	
              (b)

            	
              Does
                the entity, by reason of its own, or of its management’s business or
                financial experience, have the capacity to protect its own interests
                in
                connection with an investment in the
                Units?

            

    

    
      
 

      Yes o
        No o

    

    
 

    
      	 	
              (c)

            	
              Does
                the entity have substantial experience in evaluating and investing
                in
                private placement transactions of securities in entities similar
                to the
                Company so that it is capable of evaluating the merits and risks
                of its
                investment in the Units?

            

    

     

    
      Yes o
        No o

    

    
 

    
      	 	
              3.

            	
              Have
                you purchased the Units for investment purposes and not with a view
                toward
                resale or distribution, and will, prior to any sale or attempted
                sale of
                any of the Units, comply with all requirements of the state and federal
                securities acts?

            

    

    
      

      Yes o
        No o

    

    

    
      	 	
              4.

            	
              Do
                you understand that Units cannot be readily sold because there will
                be no
                public market for them, that the Units are not suitable for any investor
                unless he or she has available personal liquid assets to provide
                for
                financial contingencies and that a condition to any sale would be
                the
                registration of such interests or the availability of an exception
                to such
                registration requirements?

            

    

    
      

      Yes o
        No o

    

    

    
      	 	
              5.

            	
              Is
                your principal investment objective to secure an economic profit,
                determined without regard to any tax benefits which you may
                receive?

            

    

    
       

      Yes o
        No o

       

    

    
      	 	
              6.

            	
              Do
                you understand that the Units encompass substantial
                risks?

            

    

    
      

      Yes o
        No o

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

       

    

    
      	 	
              7.

            	
              Do
                you acknowledge that no independent due diligence has been undertaken
                except for that performed by yourself and your purchaser representative,
                if applicable?

            

    

    
      

      Yes o
        No o

    

     

    
      	 	
              8.

            	
              Do
                you understand that no attorney-client relationship has arisen in
                connection with this offering between any prospective Subscriber
                and
                counsel to the Company or between any prospective Subscriber and
                counsel
                to any other Investor?

            

    

    
      

      Yes o
        No o

    

     

    
      	
            	9.	
              (a)
                Do you plan to use a “Purchaser Representative” to assist you in analyzing
                this investment?

            

    

    
      

      Yes o
        No o

    

     

    If
“Yes”,
      please provide Purchaser Representative’s name and address:

     

    
      
        

      

       

      
        
 

    

    b) 
      If “No”,
      do you have such knowledge and experience in financial and business
      matters that you are capable of evaluating the merits and risks of this
      investment?

    
      

      Yes o
        No o

    

     

     

    I
      REPRESENT THAT THE ABOVE INFORMATION IS CORRECT. I HEREBY AUTHORIZE THE COMPANY
      TO VERIFY SUCH INFORMATION WITH MY ATTORNEY, BANKER, ACCOUNTANT OR OTHER
      ADVISORS(S).

     

    
      
        	
                Date:
                  

              	 	 	 
	 	 	 	
                Subscriber’s
                  Signature

              
	 	 	 	 
	 	 	 	 
	 	 	 	
                Subscriber’s
                  Signature

              

  

        
          
            
            

          

          
            24

            
              

            

          

          
            
            

          

        

    

    REPRESENTATIONS
      AND CERTIFICATE FOR NON “US PERSONS”

    

    Each
      prospective participant that has indicated an interest in purchasing Units
      of
      China Industrial Waste Management, Inc. (the “Company”) and
      who is a
      non “U.S. Persons” as that term is defined in Rule 902 of Regulation S of the
      Securities Act, must execute the following Certificate. 

    

    The
      undersigned Subscriber hereby Certifies as follows:

    

    
      	
            	(1)	
              Subscriber
                is not a U.S. person. As used herein, "U.S. person" means:

            

    

    

    
      	 	
              (a)

            	
              Any
                natural person resident in the United
                States;

            

    

    
      	 	
              (b)

            	
              Any
                partnership or corporation organized or incorporated under the laws
                of the
                United States;

            

    

    
      	 	
              (c)

            	
              Any
                estate of which any executor or administrator is a U.S.
                person;

            

    

    
      	 	
              (d)

            	
              Any
                trust of which any trustee is a U.S.
                person;

            

    

    
      	 	
              (e)

            	
              Any
                agency or branch of a foreign entity located in the United
                States;

            

    

    
      	 	
              (f)

            	
              Any
                non-discretionary account or similar account (other than an estate
                or
                trust) held by a dealer or other fiduciary for the benefit or account
                of a
                U.S. person;

            

    

    
      	 	
              (g)

            	
              Any
                discretionary account or similar account (other than an estate or
                trust)
                held by a dealer or other fiduciary organized, incorporated, or (if
                an
                individual) resident in the United States;
                and

            

    

    
      	 	
              (h)

            	
              Any
                partnership or corporation if (I) organized
                or incorporated under the laws of any foreign jurisdiction; and (II)
                formed
                by a U.S. person principally for the purpose of investing in securities
                not registered under the Act, unless it is organized or incorporated,
                and
                owned, by accredited investors (as defined in Rule
                501(a))
                who are not natural persons, estates or
                trusts.

            

    

    

    However,
      the following are not "U.S. persons":

    

    
      	
            	(i)	
              Any
                discretionary account or similar account (other than an estate or
                trust)
                held for the benefit or account of a non-U.S. person by a dealer
                or other
                professional fiduciary organized, incorporated, or (if an individual)
                resident in the United States;

            

    

    
      	
            	(ii)	
              Any
                estate of which any professional fiduciary acting as executor or
                administrator is a U.S. person if an executor or administrator of
                the
                estate who is not a U.S. person has sole or shared investment discretion
                with respect to the assets of the estate; and the estate is governed
                by
                foreign law;

            

    

    
      	
            	(iii)	
              Any
                trust of which any professional fiduciary acting as trustee is a
                U.S.
                person, if a trustee who is not a U.S. person has sole or shared
                investment discretion with respect to the trust assets, and no beneficiary
                of the trust (and no settlor if the trust is revocable) is a U.S.
                person;

            

    

    
      	
            	(iv)	
              An
                employee benefit plan established and administered in accordance
                with the
                law of a country other than the United States and customary practices
                and
                documentation of such country;

            

    

    
      	
            	(v)	
              Any
                agency or branch of a U.S. person located outside the United States
                if the
                agency or branch operates for valid business reasons, and the agency
                or
                branch is engaged in the business of insurance or banking and is
                subject
                to substantive insurance or banking regulation, respectively, in
                the
                jurisdiction where located; and

            

    

    
      	
            	(vi)	
              The
                International Monetary Fund, the International Bank for Reconstruction
                and
                Development, the Inter-American Development Bank, the Asian Development
                Bank, the African Development Bank, the United Nations, and their
                agencies, affiliates and pension plans, and any other similar
                international organizations, their agencies, affiliates and pension
                plans.

            

    

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    (2) At
      the
      time Subscriber executed and delivered this Agreement, Subscriber was outside
      the United States and Subscriber’s permanent residence is outside of the United
      States as of the date of the execution and delivery of this Agreement.

    

    (3) Subscriber
      is acquiring the Units for its own account and not on behalf of any U.S. person,
      and the sale has not been pre-arranged with a purchaser in the United States.
      

     

    (4) Subscriber
      represents and warrants and hereby agrees that all offers and sales of the
      Units
      prior to the expiration of the restricted period shall only be made in
      compliance with the safe harbor contained in Regulation S, pursuant to
      registration of the Securities under the Securities Act or pursuant to an
      exemption from registration, and all offers and sales after the restricted
      period shall be made only pursuant to such a registration or to such exemption
      from registration. 

    

    (5) The
      Units
      have not been registered under the Securities Act and may not be offered or
      sold
      in the United States or to or for the account or benefit of a U.S. person (other
      than distributors as defined in Regulation S) during the restricted period
      unless the Units are registered under the Securities Act or an exemption from
      the registration requirements is available. The certificate(s) evidencing the
      shares of Common Stock will contain a legend to such effect.

    

    I
      REPRESENT THAT THE ABOVE INFORMATION IS CORRECT. I HEREBY AUTHORIZE THE COMPANY
      TO VERIFY SUCH INFORMATION WITH MY ATTORNEY, BANKER, ACCOUNTANT OR OTHER
      ADVISORS(S).

    

    
      
        
          	
                  Date:
                    

                	 	 	
                  Subscriber’s
                    Signature

                	 

   

          
            
              
              

            

            
              26Exhibit
        10.2

      

      THIS
        WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
        NOT
        BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933
        SECURITIES ACT”) OR ANY STATE SECURITIES LAWS. THIS WARRANT MAY NOT BE EXERCISED
        IN THE UNITED STATES (AS DEFINED IN REGULATION S UNDER THE 1933 SECURITIES
        ACT),
        NOR MAY THIS WARRANT OR THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS
        WARRANT
        BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED, UNLESS THE WARRANT
        AND
        THE COMMON SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER
        THE
        1933 SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR UNLESS AN
        EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE AND THE CORPORATION RECEIVES
        AN
        OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO IT TO SUCH EFFECT.
        

      

      
        	 	
                Right
                  to Purchase ____ Common Shares of China Industrial Waste Management,
                  Inc.
                  (subject to adjustment as provided
                  herein)

              

      

      

      FORM
        OF CLASS [A] [B] COMMON STOCK PURCHASE WARRANT

      
        	
                No. CIWT
                  - [A] [B]

              	 	
                Date:
                  ____________, 2008

              

      

       

      CHINA
        INDUSTRIAL WASTE MANAGEMENT, INC.,
        a
        corporation organized under the laws of the State of Nevada (the “Company”),
        hereby certifies that, for value received, ____________, or
        its
        permitted assigns (the “Holder”),
        is
        entitled, subject to the terms set forth below, to purchase from the Company
        at
        any time commencing on the issue date of this Warrant (the “Issue Date”) until
        5:00 p.m., Florida time on September 30, 2011 (the “Expiration
        Date”),
        ________________ (_______) fully paid and non-assessable Common Shares of
        the
        Company, at a per share purchase price of US$[3.50][4.50]. The purchase price
        per share, as adjusted from time to time as herein provided, is referred
        to
        herein as the “Purchase
        Price.”
The
        number and character of such Common Shares and the Purchase Price are subject
        to
        adjustment as provided herein. The Company may reduce the Purchase Price
        or
        extend the Expiration Date without the consent of the Holder. This Warrant
        is
        issued pursuant to that certain Subscription Agreement dated ________, 2008
        (the
“Subscription
        Agreement”),
        by
        and between the Company and the initial Holder of this Warrant, and is subject
        to the terms and conditions of such Agreement.

      

      As
        used
        herein the following terms, unless the context otherwise requires, have the
        following respective meanings: 

       

      (a) The
        term
“Company”
shall
        include China Industrial Waste Management, Inc. and any corporation which
        shall
        succeed or assume the obligations of China Industrial Waste Management, Inc.
        hereunder. 

       

      (b) The
        term
“Common
        Shares”
        includes (a) the Company’s Common Shares, $.001 par value per share, as
        authorized on the date of the Advisory Agreement, and (b) any other securities
        into which or for which any of the securities described in (a) may be
        converted or exchanged pursuant to a plan of recapitalization, reorganization,
        merger, sale of assets or otherwise.

       

      (c) The
        term
“Other
        Securities”
refers
        to any stock (other than Common Shares) and other securities of the Company
        or
        any other person (corporate or otherwise) which the holder of the Warrant
        at any
        time shall be entitled to receive, or shall have received, on the exercise
        of
        the Warrant, in lieu of or in addition to Common Shares, or which at any
        time
        shall be issuable or shall have been issued in exchange for or in replacement
        of
        Common Shares or Other Securities pursuant to Section 5 herein or otherwise.
        

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (d) The
        term
“Warrant
        Shares”
shall
        mean the Common Shares issuable upon exercise of this Warrant.

       

      1. Exercise
        of Warrant.

       

      1.1. Number
        of Shares Issuable upon Exercise.
        From
        and after the Issue Date through and including the Expiration Date, the Holder
        hereof shall be entitled to receive, upon exercise of this Warrant in whole
        in
        accordance with the terms of subsection 1.2 or upon exercise of this
        Warrant in part in accordance with subsection 1.3, Common Shares of the
        Company, subject to adjustment pursuant to Section 4.

       

      1.2. Full
        Exercise.
        This
        Warrant may be exercised in full by the Holder hereof by delivery of an original
        or facsimile copy of the form of subscription attached as Exhibit A hereto
        (the “Subscription
        Form”)
        duly
        executed by such Holder and surrender of the original Warrant within four
        (4)
        days of exercise, to the Company at its principal office or at the office
        of its
        Warrant Agent (as provided hereinafter), accompanied by payment, in cash,
        wire
        transfer or by certified or official bank check payable to the order of the
        Company, in the amount obtained by multiplying the number of Common Shares
        for
        which this Warrant is then exercisable by the Purchase Price then in effect.
        

       

      1.3. Partial
        Exercise.
        This
        Warrant may be exercised in part (but not for a fractional share) by surrender
        of this Warrant in the manner and at the place provided in subsection 1.2
        except that the amount payable by the Holder on such partial exercise shall
        be
        the amount obtained by multiplying (a) the number of whole shares
        designated by the Holder in the Subscription Form by (b) the Purchase Price
        then in effect. On any such partial exercise, the Company, at its expense,
        will
        forthwith issue and deliver to or upon the order of the Holder hereof a new
        Warrant of like tenor, in the name of the Holder hereof or as such Holder
        (upon
        payment by such Holder of any applicable transfer taxes) may request, the
        whole
        number of Common Shares for which such Warrant may still be
        exercised.

       

      1.4. Fair
        Market Value.
        Fair
        Market Value of a Common Share as of a particular date (the “Determination
        Date”)
        shall
        mean: 

       

      (a) If
        the
        Company’s Common Shares are traded on a national stock exchange, then the
        closing or last sale price reported for the last business day immediately
        preceding the Determination Date;

       

      (b) If
        the
        Company’s Common Shares are not traded on a national stock exchange, but are
        traded in the over-the-counter market, then the average of the closing bid
        and
        ask prices reported for the last business day immediately preceding the
        Determination Date;

       

      (c) Except
        as
        provided in clause (d) below, if the Company’s Common Shares are not
        publicly traded, then as the Holder and the Company agree, or in the absence
        of
        such an agreement, by arbitration in accordance with the rules then standing
        of
        the American Arbitration Association, before a single arbitrator to be chosen
        from a panel of persons qualified by education and training to pass on the
        matter to be decided; or

       

      (d) If
        the
        Determination Date is the date of a liquidation, dissolution or winding up,
        or
        any event deemed to be a liquidation, dissolution or winding up pursuant
        to the
        Company’s charter, then all amounts to be payable per share to holders of the
        Common Shares pursuant to the charter in the event of such liquidation,
        dissolution or winding up, plus all other amounts to be payable per share
        in
        respect of the Common Shares in liquidation under the charter, assuming for
        the
        purposes of this clause (d) that all of the shares of Common Shares then
        issuable upon exercise of all of the Warrants are outstanding at the
        Determination Date.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      1.5. Company
        Acknowledgment.
        The
        Company will, at the time of the exercise of the Warrant, upon the request
        of
        the Holder hereof acknowledge in writing its continuing obligation to afford
        to
        such Holder any rights to which such Holder shall continue to be entitled
        after
        such exercise in accordance with the provisions of this Warrant. If the Holder
        shall fail to make any such request, such failure shall not affect the
        continuing obligation of the Company to afford to such Holder any such
        rights.

       

      1.6. Delivery
        of Stock Certificates, etc. on Exercise.
        The
        Company agrees that the Common Shares purchased upon exercise of this Warrant
        shall be deemed to be issued to the Holder hereof as the record owner of
        such
        shares as of the close of business on the date on which this Warrant shall
        have
        been surrendered and payment made for such shares as aforesaid. As soon as
        practicable after the exercise of this Warrant in full or in part, and in
        any
        event within five (5) business days thereafter, the Company at its expense
        (including the payment by it of any applicable issue taxes) will cause to
        be
        issued in the name of and delivered to the Holder hereof, or as such Holder
        (upon payment by such Holder of any applicable transfer taxes) may direct
        in
        compliance with applicable securities laws, a certificate or certificates
        for
        the number of duly and validly issued, fully paid and non-assessable Common
        Shares (or Other Securities) to which such Holder shall be entitled on such
        exercise, plus, in lieu of any fractional share to which such Holder would
        otherwise be entitled, cash equal to such fraction multiplied by the then
        Fair
        Market Value of one full Common Share, together with any other stock or other
        securities and property (including cash, where applicable) to which such
        Holder
        is entitled upon such exercise pursuant to Section 1 or otherwise.

       

      2. Cashless
        Exercise.

       

      (a) Except
        as
        described below, if a Registration Statement (as defined in the Subscription
        Agreement) (“Registration
        Statement”)
        is
        effective and the Holder may sell its shares of Common Stock upon exercise
        hereof pursuant to the Registration Statement, or if, in the opinion of counsel
        to the Company the Warrant Shares may be sold without registration under
        the
        1933 Securities Act and without restrictive legend, this Warrant may be
        exercisable in whole or in part for cash only as set forth in Section 1 above.
        If no such Registration Statement is available at the time of exercise, or
        if
        the Warrant Shares may not be sold without registration under the 1933
        Securities Act and without restrictive legend then payment upon exercise
        may be
        made at the option of the Holder either in (i) cash, wire transfer or by
        certified or official bank check payable to the order of the Company equal
        to
        the applicable aggregate Purchase Price, (ii) by cashless exercise in accordance
        with Section (b) below or (iii) by a combination of any of the
        foregoing methods, for the number of Common Shares specified in such form
        (as
        such exercise number shall be adjusted to reflect any adjustment in the total
        number of Common Shares issuable to the holder per the terms of this Warrant)
        and the holder shall thereupon be entitled to receive the number of duly
        authorized, validly issued, fully-paid and non-assessable Common Shares (or
        Other Securities) determined as provided herein.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      (b) If
        the
        Fair Market Value of one share of Common Share is greater than the Purchase
        Price (at the date of calculation as set forth below), in lieu of exercising
        this Warrant for cash, the holder may elect to receive shares equal to the
        value
        (as determined below) of this Warrant (or the portion thereof being cancelled)
        by surrender of this Warrant at the principal office of the Company together
        with the properly endorsed Subscription Form in which event the Company shall
        issue to the holder a number of Common Shares computed using the following
        formula: 

      

      
        	 	
                X=Y
                  (A-B)

              	 
	 	
                A

              	 

      

       

      
        	
                Where

              	
                X=

              	
                the
                  number of Common Shares to be issued to the holder

              
	 	 	 
	 	
                Y=

              	
                the
                  number of Common Shares purchasable under the Warrant or, if only
                  a
                  portion of the Warrant is being exercised, the portion of the Warrant
                  being exercised (at the date of such calculation)

              
	 	 	 
	 	
                A=

              	
                the
                  Fair Market Value of one Common Share (at the date of such
                  calculation)

              
	 	 	 
	 	
                B=

              	
                Purchase
                  Price (as adjusted to the date of such
                  calculation)

              

      

       

      (c) For
        purposes of Rule 144 promulgated under the 1933 Securities Act, it is intended,
        understood and acknowledged that the Warrant Shares issued in a cashless
        exercise transaction shall be deemed to have been acquired by the Holder,
        and
        the holding period for the Warrant Shares shall be deemed to have commenced,
        on
        the date this Warrant was originally issued pursuant to the Subscription
        Agreement.

       

      3. Adjustment
        for Reorganization, Consolidation, Merger, etc.

       

      3.1. Reorganization,
        Consolidation, Merger, etc.
        In case
        at any time or from time to time, the Company shall (a) effect a
        reorganization, (b) consolidate with or merge into any other person or
        (c) transfer all or substantially all of its properties or assets to any
        other person under any plan or arrangement contemplating the dissolution
        of the
        Company, then, in each such case, as a condition to the consummation of such
        a
        transaction, proper and adequate provision shall be made by the Company whereby
        the Holder of this Warrant, on the exercise hereof as provided in
        Section 1, at any time after the consummation of such reorganization,
        consolidation or merger or the effective date of such dissolution, as the
        case
        may be, shall receive, in lieu of the Common Shares (or Other Securities)
        issuable on such exercise prior to such consummation or such effective date,
        the
        stock and other securities and property (including cash) to which such Holder
        would have been entitled upon such consummation or in connection with such
        dissolution, as the case may be, if such Holder had so exercised this Warrant,
        immediately prior thereto, all subject to further adjustment thereafter as
        provided in Section 4.

       

      3.2. Dissolution.
        In the
        event of any dissolution of the Company following the transfer of all or
        substantially all of its properties or assets, the Company, prior to such
        dissolution, shall at its expense deliver or cause to be delivered the stock
        and
        other securities and property (including cash, where applicable) receivable
        in
        accordance with Section 3.1 by the Holder of the Warrants upon their exercise
        after the effective date of such dissolution pursuant to this Section 3.

       

      3.3. Continuation
        of Terms.
        Upon
        any reorganization, consolidation, merger or transfer (and any dissolution
        following any transfer) referred to in this Section 3, this Warrant shall
        continue in full force and effect and the terms hereof shall be applicable
        to
        the Other Securities and property receivable on the exercise of this Warrant
        after the consummation of such reorganization, consolidation or merger or
        the
        effective date of dissolution following any such transfer, as the case may
        be,
        and shall be binding upon the issuer of any Other Securities, including,
        in the
        case of any such transfer, the person acquiring all or substantially all
        of the
        properties or assets of the Company, whether or not such person shall have
        expressly assumed the terms of this Warrant as provided in Section 4. In
        the event this Warrant does not continue in full force and effect after the
        consummation of the transaction described in this Section 3, then only in
        such event will the Company’s securities and property (including cash, where
        applicable) receivable by the Holder of the Warrants be delivered to the
        Trustee
        as contemplated by Section 3.2.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      4. Extraordinary
        Events Regarding Common Stock.
        In the
        event that the Company shall (a) issue additional Common Shares as a
        dividend or other distribution on outstanding Common Shares, (b) subdivide
        its outstanding Common Shares, or (c) combine its outstanding Common Shares
        into a smaller number of Common Shares, then, in each such event, the Purchase
        Price shall, simultaneously with the happening of such event, be adjusted
        by
        multiplying the then Purchase Price by a fraction, the numerator of which
        shall
        be the number of Common Shares outstanding immediately prior to such event
        and
        the denominator of which shall be the number of Common Shares outstanding
        immediately after such event, and the product so obtained shall thereafter
        be
        the Purchase Price then in effect. The Purchase Price, as so adjusted, shall
        be
        readjusted in the same manner upon the happening of any successive event
        or
        events described herein in this Section 4. The number of Common Shares that
        the Holder of this Warrant shall thereafter, on the exercise hereof as provided
        in Section 1, be entitled to receive shall be adjusted to a number
        determined by multiplying the number of Common Shares that would otherwise
        (but
        for the provisions of this Section 4) be issuable on such exercise by a
        fraction of which (a) the numerator is the Purchase Price that would
        otherwise (but for the provisions of this Section 4) be in effect, and
        (b) the denominator is the Purchase Price in effect on the date of such
        exercise.

       

      5. Certificate
        as to Adjustments.
        In each
        case of any adjustment or readjustment in the Common Shares (or Other
        Securities) issuable on the exercise of the Warrants, the Company at its
        expense
        will promptly cause its Chief Financial Officer or other appropriate designee
        to
        compute such adjustment or readjustment in accordance with the terms of the
        Warrant and prepare a certificate setting forth such adjustment or readjustment
        and showing in detail the facts upon which such adjustment or readjustment
        is
        based, including a statement of (a) the consideration received or
        receivable by the Company for any additional Common Shares (or Other Securities)
        issued or sold or deemed to have been issued or sold, (b) the number of
        Common Shares (or Other Securities) outstanding or deemed to be outstanding,
        and
        (c) the Purchase Price and the number of Common Shares to be received upon
        exercise of this Warrant, in effect immediately prior to such adjustment
        or
        readjustment and as adjusted or readjusted as provided in this Warrant. The
        Company will forthwith mail a copy of each such certificate to the Holder
        of the
        Warrant and any Warrant Agent of the Company (appointed pursuant to
        Section 11 hereof).

       

      6. Reservation
        of Stock, etc. Issuable on Exercise of Warrant; Financial
        Statements.
        The
        Company will at all times reserve and keep available, solely for issuance
        and
        delivery on the exercise of the Warrants, all Common Shares (or Other
        Securities) from time to time issuable on the exercise of the Warrant. This
        Warrant entitles the Holder hereof to receive copies of all financial and
        other
        information distributed or required to be distributed to the holders of the
        Company’s Common Shares. 

       

      7. Assignment;
        Exchange of Warrant.
        Subject
        to compliance with applicable securities laws, this Warrant, and the rights
        evidenced hereby, may be transferred by any registered holder hereof (a
“Transferor”).
        On
        the surrender for exchange of this Warrant, with the Transferor’s endorsement in
        the form of Exhibit B attached hereto (the “Transferor Endorsement Form”)
        and together with an opinion of counsel reasonably satisfactory to the Company
        that the transfer of this Warrant will be in compliance with applicable
        securities laws, the Company at its expense, twice, only, but with payment
        by
        the Transferor of any applicable transfer taxes, will issue and deliver to
        or on
        the order of the Transferor thereof a new Warrant or Warrants of like tenor,
        in
        the name of the Transferor and/or the transferee(s) specified in such Transferor
        Endorsement Form (each a “Transferee”), calling in the aggregate on the face or
        faces thereof for the number of Common Shares called for on the face or faces
        of
        the Warrant so surrendered by the Transferor. No such transfers shall result
        in
        a public distribution of the Warrant.

       

      8. Replacement
        of Warrant.
        On
        receipt of evidence reasonably satisfactory to the Company of the loss, theft,
        destruction or mutilation of this Warrant and, in the case of any such loss,
        theft or destruction of this Warrant, on delivery of an indemnity agreement
        or
        security reasonably satisfactory in form and amount to the Company or, in
        the
        case of any such mutilation, on surrender and cancellation of this Warrant,
        the
        Company at its expense, twice only, will execute and deliver, in lieu thereof,
        a
        new Warrant of like tenor.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      9. Registration
        Rights.
        The
        Holder of this Warrant has not been granted registration rights relating
        to this
        Warrant or the Warrant Shares. Unless and until resold pursuant to a
        registration statement, the Warrant Shares shall bear a legend describing
        the
        restrictions on transferability of the Warrant Shares under the 1933 Securities
        Act.

       

      10. Warrant
        Agent.
        The
        Company may, by written notice to the Holder of the Warrant, appoint an agent
        (a
“Warrant
        Agent”)
        for
        the purpose of issuing Common Shares (or Other Securities) on the exercise
        of
        this Warrant pursuant to Section 1, exchanging this Warrant pursuant to
        Section 7, and replacing this Warrant pursuant to Section 8, or any of
        the foregoing, and thereafter any such issuance, exchange or replacement,
        as the
        case may be, shall be made at such office by such Warrant Agent. 

       

      11. Transfer
        on the Company’s Books.
        Until
        this Warrant is transferred on the books of the Company, the Company may
        treat
        the registered holder hereof as the absolute owner hereof for all purposes,
        notwithstanding any notice to the contrary. 

       

      12. Notices.
        All
        notices, demands, requests, consents, approvals, and other communications
        required or permitted hereunder shall be in writing and, unless otherwise
        specified herein, shall be (i) personally served, (ii) deposited in the mail,
        registered or certified, return receipt requested, postage prepaid, (iii)
        delivered by reputable air courier service with charges prepaid, or (iv)
        transmitted by hand delivery, telegram, or facsimile, addressed as set forth
        below or to such other address as such party shall have specified most recently
        by written notice. Any notice or other communication required or permitted
        to be
        given hereunder shall be deemed effective (a) upon hand delivery or delivery
        by
        facsimile, with accurate confirmation generated by the transmitting facsimile
        machine, at the address or number designated below (if delivered on a business
        day during normal business hours where such notice is to be received), or
        the
        first business day following such delivery (if delivered other than on a
        business day during normal business hours where such notice is to be received)
        or (b) on the second business day following the date of mailing by express
        courier service, fully prepaid, addressed to such address, or upon actual
        receipt of such mailing, whichever shall first occur or
        (c)
        three business days after deposited in the mail if delivered pursuant to
        subsection (ii) above.
        The
        addresses for such communications shall be: (i) if to the Company to: No.
        1
        Huaihe West Road, E-T-D-Zone, Suite 314, Dalian F4 116600, facsimile number
        86-411-82595169; and (ii) if to the Holder, to the address and facsimile
        set
        forth in the Subscription Agreement. The Company and the Holder may change
        their
        respective addresses for notices by like notice to the other party.

      

      14. Miscellaneous.
        This
        Warrant and any term hereof may be changed, waived, discharged or terminated
        only by an instrument in writing signed by the party against which enforcement
        of such change, waiver, discharge or termination is sought. This Warrant
        shall
        be construed and enforced in accordance with and governed by the laws of
        Nevada
        without regard to the conflicts of laws provisions thereof. The headings
        in this
        Warrant are for purposes of reference only, and shall not limit or otherwise
        affect any of the terms hereof. The invalidity or unenforceability of any
        provision hereof shall in no way affect the validity or enforceability of
        any
        other provision. 

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the Company has executed this Warrant as of the date first
        written above. 

       

      
        	 	
                CHINA
                  INDUSTRIAL WASTE MANAGEMENT, INC.

              
	 	 	 
	 	 	 
	 	
                By:

              	 
	 	 	 
	 	
                Name:

              	
                Dong
                  Jinqing

              
	 	 	 
	 	
                Title:

              	
                Chief
                  Executive Officer

              
	 	 	 
	 	 	 
	Witness:	 	 
	 	 	 
	 	 	 

      

      

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      Exhibit A

      FORM
        OF
        SUBSCRIPTION

      (to
        be
        signed only on exercise of Warrant)

      TO:
        CHINA
        INDUSTRIAL WASTE MANAGEMENT, INC. 

      The
        undersigned, pursuant to the provisions set forth in the attached Warrant,
        hereby irrevocably elects to purchase (check applicable box):

       

       

      
        	o	
                ________
                  Common Shares covered by such Warrant;
                  and/or

              

      

      
        	 	 

        	
                o

              	
                ________
                  Common Shares covered by such Warrant pursuant to the cashless
                  exercise
                  procedure set forth in
                  Section 2.

              

      

      

      The
        undersigned herewith makes payment of the full purchase price for such shares
        at
        the price per share provided for in such Warrant, which is $___________.
        Such
        payment takes the form of (check applicable box or boxes):

      

      
        	o	
                $__________
                  in lawful money of the United States;
                  and/or

              

      

      
        	 	 

        	
                o

              	
                the
                  cancellation of the Warrant to the extent necessary, in accordance
                  with
                  the formula set forth in Section 2, to exercise this Warrant with
                  respect to the maximum number of Common Shares purchasable pursuant
                  to the
                  cashless exercise procedure set forth in
                  Section 2.

              

      

      

      The
        undersigned requests that the certificates for such shares be issued in the
        name
        of, and delivered to _____________________________________________________
        whose
        address is _________________
        __________________________________________________________________________________________________________________________________________________________________________

      

      The
        undersigned represents and warrants that the representations and warranties
        in
        Section 4 of the Subscription Agreement (as defined in this Warrant) are
        true
        and accurate with respect to the undersigned on the date hereof.

      

      The
        undersigned represents and warrants that all offers and sales by the undersigned
        of the securities issuable upon exercise of the within Warrant shall be made
        pursuant to registration of the Common Shares under the Securities Act of
        1933,
        as amended (the “Securities Act”), or pursuant to an exemption from registration
        under the Securities Act.

       

       

      
        
          	
                  Dated:

                	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	
                  (Signature
                    must conform to name of holder as specified
                    on the fact of the Warrant.)

                
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	(Address)

 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      
 

      Exhibit B

      

      FORM
        OF
        TRANSFEROR ENDORSEMENT

      (To
        be
        signed only on transfer of Warrant)

       

      For
        value
        received, the undersigned hereby sells, assigns, and transfers unto the
        person(s) named below under the heading “Transferees” the right represented by
        the within Warrant to purchase the percentage and number of Common Shares
        of
        CHINA INDUSTRIAL WASTE MANAGEMENT, INC. to which the within Warrant relates
        specified under the headings “Percentage Transferred” and “Number Transferred,”
respectively, opposite the name(s) of such person(s) and appoints each such
        person Attorney to transfer its respective right on the books of CHINA
        INDUSTRIAL WASTE MANAGEMENT, INC. with full power of substitution in the
        premises.

       

      
        	
                Transferees

              	
                Percentage
                  Transferred

              	
                Number
                  Transferred

              
	 	 	 
	 	 	 
	 	 	 

      

      

      

      
        	Dated:
                ______________, ___________	 	 
	 	 	(Signature
                must conform
                to name of holder as specified on the face of the warrant)
	 	 	 
	Signed in
                the presence
                of:	 	 
	 	 	 
	 	 	 
	
                (Name)

              	 	 
	 	 	 
	 	 	
                (address)

              
	 	 	 
	 	 	 
	 	 	 
	ACCEPTED
                AND
                AGREED:	 	 
	[TRANSFEREE]	 	 
	 	 	
                (address)

              
	 	 	 
	
                (Name)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]