Document:

EXHIBIT
      B

    

    NON-COMPETITION
      AGREEMENT

    RELATED
      TO THE SALE OF GOODWILL

     

    _____________________

     

    This
      Non-Competition Agreement Related to the Sale of Goodwill (this
      “Agreement”) is entered into as of January 28, 2008, by and among Jacksonville
      Bancorp, Inc., a Florida corporation (“JBI”), and the undersigned, an individual
      residing in the State of Florida (“Seller”).

     

    RECITALS

     

    Whereas,
      in
      contemplation of the merger of Heritage Bancshares, Inc., a Florida corporation
      (“HBI”), with and into JBI pursuant to the terms of that certain Agreement and
      Plan of Merger by and between JBI and HBI dated as of January 28, 2008 (the
      “Merger Agreement”), Seller and JBI desire to enter into this Agreement
      effective as of the “Closing” (as defined in the Merger Agreement);

     

    Whereas,
      pursuant to the Merger Agreement, Seller will sell all of Seller’s “HBI Common
      Stock” (as defined in the Merger Agreement) for the consideration to be paid to
      HBI stockholders in connection with the Merger; 

     

    Whereas,
      pursuant to the Merger Agreement, JBI shall cause Seller’s HBI Common Stock to
      be purchased for the consideration to be paid to HBI stockholders in connection
      with the Merger;

     

    Whereas,
      Seller
      recognizes that the goodwill of HBI is a material asset that JBI is acquiring
      under the Merger Agreement, and that JBI is paying additional consideration
      under the Merger Agreement in recognition of the goodwill of HBI; and

     

    Whereas,
      in
      consideration of JBI’s payment of consideration under the Merger Agreement in
      recognition of the value of the goodwill of HBI, Seller has agreed to be bound
      by the restrictive covenants set forth in this Agreement to ensure that JBI
      derives the benefit of the goodwill of HBI that JBI is purchasing pursuant
      to
      the Merger Agreement. 

     

    Now,
      Therefore,
      in
      consideration of the promises and covenants herein and for other good and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, JBI and the Seller agree as follows:

     

    AGREEMENT

     

    1. Seller
      Acknowledges the Sale of Goodwill.
      Seller
      acknowledges that the promises and restrictive covenants that Seller is
      providing in this Agreement are reasonable and necessary for the protection
      of
      HBI to be acquired by JBI pursuant to the Merger Agreement and JBI’s legitimate
      interests in the transactions contemplated by the Merger Agreement. Seller
      acknowledges that, in connection with the consummation of the transactions
      contemplated by the Merger Agreement, all of Seller’s equity interests in HBI
      will be purchased or otherwise acquired by JBI. Seller further acknowledges
      that
      Seller is selling all of Seller’s equity interests in HBI in connection with the
      transactions contemplated by the Merger Agreement and that the goodwill of
      HBI
      was a material consideration in JBI’s decision to enter into the transactions
      contemplated by the Merger Agreement. Seller acknowledges that if Seller were
      to
      engage in a “Competitive Business” (as defined below) subsequent to the
      consummation of the transactions contemplated by the Merger Agreement, such
      competition would materially and adversely affect the value of HBI acquired
      by
      JBI in the transactions contemplated by the Merger Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2. Restrictive
      Covenants Related to Non-Competition.
      

     

    Seller
      agrees as follows:

     

    (a) Non-Competition.
      Effective as of the Effective Time and until the second anniversary of the
      Effective Time (such period, the “Restricted Period”), Seller will not, directly
      or indirectly:

     

    (i) engage
      in, enter the employ, or have any interest in, directly or indirectly (either
      as
      executive, partner, director, officer, consultant, principal, agent or
      employee), any other bank or financial institution or any entity which either
      accepts deposits or makes loans (whether presently existing or subsequently
      established), or that is in the process of organizing a bank planning to do
      business, in Clay County, Florida and/or any county that is contiguous to Clay
      County, Florida (a “Competitive Business”);

     

    (ii) enter
      the
      employ of, or render any service to, any “Person” (as defined in the Merger
      Agreement), or any division or controlled or controlling affiliate of any
      Person, who or which is a Competitive Business; or

     

    (iii) acquire
      a
      financial interest in, or otherwise become actively involved with, any
      Competitive Business, directly or indirectly, as an individual, partner,
      stockholder, officer, director, principal, agent, employee, trustee or
      consultant.

     

    Notwithstanding
      the foregoing, nothing contained in this Section 2(a) shall prohibit Seller
      from
      (i) investing, as a passive investor, in any bank or other financial institution
      engaged, directly or indirectly, in a Competitive Business, provided that
      Seller’s beneficial ownership of any class of such company’s securities does not
      exceed five percent (5%) of the outstanding securities of such class and (ii)
      rendering professional legal advisory services to a Competitive Business in
      such
      Seller’s capacity as an attorney.

     

    (b) Non-Solicitation
      of Customers.
      During
      the Restricted Period, Seller will not, whether on Seller’s own behalf or on
      behalf of or in conjunction with any person, directly or indirectly solicit
      or
      assist in soliciting the business of or any investment from any client,
      prospective client, investor or customer of HBI, to the extent such business
      or
      investment being so solicited could be considered a Competitive Business
      (collectively, the “Customers”).

     

    Notwithstanding
      the foregoing, Seller shall not be prohibited from providing professional
      services of any kind, to any person who may be a Customer, if Seller’s
      relationship with such person arose or arises out of activities undertaken
      by
      Seller outside the scope of Seller’s service with HBI and Seller does not
      otherwise interfere with such person’s relationship with HBI as a Customer of
      HBI.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (c) Non-Interference
      with Business Relationships.
      During
      the Restricted Period, Seller will not interfere with, or attempt to interfere
      with, business relationships (whether formed before, on or after the date of
      this Agreement) between HBI, on the one hand, and any of its
      Customers.

     

    (d) Non-Solicitation
      of Employees.
      During
      the Restricted Period, Seller will not, whether on Seller’s own behalf or on
      behalf of or in conjunction with any person, directly or
      indirectly:

     

    (i) solicit
      or encourage any employee of HBI to leave the employment of HBI; or

     

    (ii) hire
      any
      such employee who was employed by HBI as of the Closing or who left the
      employment of HBI coincident with, or within one-year prior to or after, the
      Closing.

     

    3. Injunctive
      Relief.
      The
      remedy at law for any breach of Section 2 of this Agreement is and will be
      inadequate, and in the event of a breach or threatened breach by Seller of
      any
      of the above provisions of this Agreement, JBI and successors, without proving
      actual damages, shall be entitled to an injunction restraining Seller from
      violating the provisions of Section 2 of this Agreement. Nothing herein
      contained shall be construed as prohibiting JBI or its successors from pursuing
      any other remedies available to it or them for such breach or threatened breach,
      including without limitation the recovery of monetary damages from
      Seller.

     

    4. General
      Provisions.

     

    (a) Successors
      and Assigns.
      This
      Agreement shall bind and shall inure to the benefit of JBI and any and all
      of
      its successors and assigns, whether by merger, consolidation, transfer of
      substantially all assets or similar transaction. 

     

    (b) Reasonable
      Covenants.
      It is
      expressly understood and agreed that although Seller and JBI consider the
      restrictions contained in Section 2 of this Agreement to be reasonable, if
      a final judicial determination is made by a court of competent jurisdiction
      that
      the time or territory or any other restriction contained in this Agreement
      is an
      unenforceable restriction against Seller, the provisions of this Agreement
      shall
      not be rendered void but shall be deemed amended to apply as to such maximum
      time and territory and to such maximum extent as such court may judicially
      determine or indicate to be enforceable (provided that in no event shall any
      such amendment broaden the time period or scope of any restriction herein).
      Alternatively, if any court of competent jurisdiction finds that any restriction
      contained in this Agreement is unenforceable, and such restriction cannot be
      amended so as to make it enforceable, such finding shall not affect the
      enforceability of any of the other restrictions contained herein.

     

    (c) Certain
      Definitions.
      Capitalized terms used but not defined herein shall have the meanings ascribed
      to such terms in the Merger Agreement. The term “Heritage Bancshares, Inc.”
shall be deemed to refer to any successor entity thereto.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (d) Waiver
      of Breach.
      The
      waiver by JBI of a breach of any provision of this Agreement by Seller shall
      not
      operate or be construed as a waiver of any subsequent breach by
      Seller.

     

    (e) Amendment.
      Any
      amendment or modification of this Agreement will be effective only if it is
      in
      writing, signed by the party to be charged.

     

    (f) Governing
      Law.
      The
      validity of this Agreement and the interpretation and performance of all of
      its
      terms shall be governed exclusively by the laws of the State of Florida
      regardless of the forum.

     

    (g) Prevailing
      Party.
      In the
      event of any Action arising out of or resulting from this Agreement, the
      prevailing party shall be entitled to recover its costs and expenses (including
      reasonable attorneys’ fees and expenses) incurred in connection
      therewith.

     

    (h) Counterparts.
      This
      Agreement may be executed on separate counterparts, any one of which need not
      contain signatures of more than one party, but all of which taken together
      shall
      constitute one and the same agreement.

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement on the date
      first above written.

     

    

      
        	
                JACKSONVILLE
                  BANCORP, INC.

              
	 
	By:                                                                                       
                 
	
                        
                  Gilbert J. Pomar, III

              
	
                        
                  President and Chief Executive Officer

              
	 
	
                SELLER

              
	 
	                                                                       
                 

      

    

     

    
      
        
        

      

      
        4NUMBER  

            	
               

            	
              (SEE
                REVERSE SIDE FOR LEGEND)

            	
               

            	
              WARRANTS

            
	
               

            	
               

            	
               

            	
               

            	
               

            
	
              [SYMBOL]

            	
               

            	
              THIS
                WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO

              5:00
                P.M. EASTERN TIME,
                           ,
                2011

              OR
                UPON EARLIER REDEMPTION

            	
               

            	
               

            

    

     

    China
      Resources Ltd.

    CUSIP
      16942Y 11 0

    

    WARRANT

     

    THIS
      CERTIFIES THAT, for value received

     

    is
      the
      registered holder of a Warrant or Warrants expiring at 5:00 p.m., Eastern Time,
      [_______] 2012 [four
      years from the date of the prospectus],
      or
      upon earlier redemption (the “Warrant”), to purchase one fully paid and
      non-assessable share of Common Stock, par value $0.0001 per share (“Shares”), of
      China Resources Ltd., a Delaware corporation (the “Company”), for each Warrant
      evidenced by this Warrant Certificate.  The Warrant entitles the holder
      thereof to purchase from the Company, commencing on the later of (i) [_______],
      2009 [one
      year from the date of the prospectus]
      and
      (ii) the completion by the Company of an acquisition through merger, capital
      stock exchange, asset acquisition, stock purchase or other similar business
      combination, or a combination of any of the foregoing, of one or more operating
      businesses that has its principal operations in the People’s Republic of China,
      that is its initial business combination and which meets the size, timing and
      other criteria outlined in the Company's registration statement on Form S-1
      initially filed with the Securities and Exchange Commission on September 6,
      2007
      (File No.333-145901), as amended (“Business Combination”), such number of Shares
      of the Company at the price of $7.00 per share, upon surrender of this Warrant
      Certificate accompanied by the annexed duly executed subscription form and
      payment of the Warrant Price (as hereinafter defined) at the office or agency
      of
      American Stock Transfer & Trust Company (the “Warrant Agent”), 59 Maiden
      Lane, New York, New York 10038 (such payment to be made by check made payable
      to
      the Warrant Agent), but only subject to the conditions set forth herein and
      in
      the Warrant Agreement between the Company and American Stock Transfer &
Trust Company (the “Warrant Agreement”).  The Warrant Agreement provides
      that upon the occurrence of certain events the Warrant Price and the number
      of
      Warrant Shares purchasable hereunder, may, subject to certain conditions, be
      adjusted.  The term Warrant Price as used in this Warrant Certificate
      refers to the price per Share at which Shares may be purchased at the time
      the
      Warrant is exercised.

     

    No
      fraction of a Share will be issued upon any exercise of a Warrant.  If the
      holder of a Warrant would be entitled to receive a fraction of a Share upon
      any
      exercise of a Warrant, the Company shall, upon such exercise, round up to the
      nearest whole number the number of Shares to be issued to such
      holder.

     

    Upon
      any
      exercise of the Warrant for less than the total number of full Shares provided
      for herein, there shall be issued to the registered holder hereof or his
      assignee a new Warrant Certificate covering the number of Shares for which
      the
      Warrant has not been exercised.

    

    Under
      no
      circumstances will the Company be required to net cash settle the exercise
      of
      the Warrant.

     

    Warrant
      Certificates, when surrendered at the office or agency of the Warrant Agent
      by
      the registered holder hereof in person or by attorney duly authorized in
      writing, may be exchanged in the manner and subject to the limitations provided
      in the Warrant Agreement, but without payment of any service charge, for another
      Warrant Certificate or Warrant Certificates of like tenor and evidencing in
      the
      aggregate a like number of Warrants.

     

    Upon
      due
      presentment for registration of transfer of the Warrant Certificate at the
      office or agency of the Warrant Agent, a new Warrant Certificate or Warrant
      Certificates of like tenor and evidencing in the aggregate a like number of
      Warrants shall be issued to the transferee in exchange for this Warrant
      Certificate, subject to the limitations provided in the Warrant Agreement,
      without charge except for any applicable tax or other governmental
      charge.

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
      Company and the Warrant Agent may deem and treat the registered holder as the
      absolute owner of this Warrant Certificate (notwithstanding any notation of
      ownership or other writing hereon made by anyone), for the purpose of any
      exercise hereof, of any distribution to the registered holder, and for all
      other
      purposes, and neither the Company nor the Warrant Agent shall be affected by
      any
      notice to the contrary.

     

    This
      Warrant does not entitle the registered holder to any of the rights of a
      stockholder of the Company.

     

    The
      Company reserves the right to redeem all (but not part) of the then outstanding
      Warrants, with a notice of redemption in writing to the holders of record of
      the
      Warrants then outstanding, giving 30 days' notice of such redemption at any
      time
      after such Warrants become exercisable if the last sale price of the Shares
      has
      been at least $14.25 per share on each of 20 trading days within a 30 trading
      day period ending on the third business day prior to the date on which notice
      of
      such redemption is given. The redemption price of the Warrants is to be $.01
      per
      Warrant. Any Warrant either not exercised or tendered back to the Company by
      the
      end of the date specified in the notice of redemption shall be cancelled on
      the
      books of the Company and have no further value except for the $.01 redemption
      price. 

    

    
      	
              By:

            	
              China
                Resources Ltd.

            	
               

            
	
               

            	
              CORPORATE

            	
               

            
	
               

            	
               

            	
              THE
                STATE OF DELAWARE

            	
               

            	
               

            
	
                
                President

            	
              SEAL

            	
              Secretary

            
	
               

            	
              2007

            	
               

            

    

     

    COUNTERSIGNED:

    

    American
      Stock Transfer & Trust Company,

    as
      Warrant Agent

     

    _________________________________

    Authorized
      Officer

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    SUBSCRIPTION
      FORM

    

    To
      Be
      Executed by the Registered Holder in Order to Exercise Warrants

     

    The
      undersigned Registered Holder irrevocably elects to exercise
                        Warrants
      represented by this Warrant Certificate, and to purchase the shares of Common
      Stock issuable upon the exercise of such Warrants, and requests that
      Certificates for such shares shall be issued in the name of

     

    
      	
               

            
	
              (PLEASE
                TYPE OR PRINT NAME AND ADDRESS)

            
	
               

            
	
               

            
	
              (SOCIAL
                SECURITY OR TAX IDENTIFICATION NUMBER)

            
	
               

            
	
              and
                be delivered to

            
	
              (PLEASE
                PRINT OR TYPE NAME AND ADDRESS)

            

    

    

     

    and,
      if
      such number of Warrants shall not be all the Warrants evidenced by this Warrant
      Certificate, that a new Warrant Certificate for the balance of such Warrants
      be
      registered in the name of, and delivered to, the Registered Holder at the
      address stated below:

    

    IMPORTANT:
      PLEASE COMPLETE THE FOLLOWING:

    

    1.
      THE
      EXERCISE OF THE WARRANTS BEING EXERCISED HEREBY WAS SOLICITED BY MAXIM GROUP
      LLC. o

    2.
      THE
      EXERCISE OF THE WARRANTS BEING EXERCISED HEREBY WAS SOLICITED BY
      ___________________. o

    3.
      IF THE
      EXERCISE OF THE WARRANTS BEING EXERCISED HEREBY WAS NOT SOLICITED, PLEASE CHECK
      

    THE
      BOX
o

     

    
      	
              Dated:

            	
               

            	
               

            	
               

            
	
               

            	
              (SIGNATURE)

            
	
               

            	
               

            
	
               

            	
              (ADDRESS)

            
	
               

            	
               

            
	
               

            	
               

            
	
               

            	
              (TAX
                IDENTIFICATION NUMBER)

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ASSIGNMENT

    To
      Be
      Executed by the Registered Holder in Order to Assign Warrants

     

    For
      Value
      Received,
                                     
hereby sells, assigns, and transfers unto

     

    
      	
               

            
	
              (PLEASE
                TYPE OR PRINT NAME AND ADDRESS)

            
	
               

            
	
               

            
	
              (SOCIAL
                SECURITY OR TAX IDENTIFICATION
                NUMBER)

            

    

     

                                                
      of the Warrants represented by this Warrant Certificate, and hereby irrevocably
      constitutes and appoints
                                                        
Attorney to transfer this Warrant Certificate on the books of the Company,
      with
      full power of substitution in the premises.

     

    
      	
              Dated:

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
              (SIGNATURE)

            

    

     

    THE
      SIGNATURE TO THE ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE
      NAMEWRITTEN UPON THE FACE OF THIS WARRANT CERTIFICATE IN EVERY PARTICULAR,
      WITHOUT ALTERATIONOR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE
      GUARANTEED BY A COMMERCIAL BANKOR TRUST COMPANY OR A MEMBER FIRM OF THE AMERICAN
      STOCK EXCHANGE OR THE NEW YORK STOCKEXCHANGE.

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