Document:

SUBSCRIPTION AGREEMENT

A Benbow Holding Inc.

a Nevada Corporation

 

 

 

The undersigned (sometimes referred to herein
as “Subscriber”) hereby subscribes to purchase the number of shares of Common Stock (the “Shares”) of A
Benbow Holding Inc., a Nevada Corporation (the “Company”) indicated below.  The undersigned understands that,
if accepted, its subscription is irrevocable, but that it may be rejected for any reason in the sole discretion of the Company.

 

In consideration for the acceptance by
the Company of this Subscription Agreement, the Subscriber hereby agrees, represents and warrants as follows:

 

1.           Acceptance
or Rejection of Subscription.  The Company shall have the right to accept or reject this subscription in whole or
in part.  If rejected, the Subscriber's check and Subscription Documents (as defined below) shall be promptly returned
to the Subscriber.  If accepted, the Subscriber's check will be forwarded directly to the Company, and Subscriber's Investor
Questionnaire and Subscription Agreement (collectively referred to herein as the "Subscription Documents") will be retained
by the Company.

 

2.           Closing.  If
the Company has not received and accepted subscriptions and the closing date is not extended in the sole discretion of the Company
for up to an additional ninety (90) days (the "Closing Date"), the Offering will terminate and any unaccepted investments
in the possession of the Company, along with all Subscription Documents, shall be promptly returned to the Subscriber.

 

3.           Agreement
to Indemnify.  The Subscriber hereby agrees to indemnify and hold harmless the Company and all of its directors,
officers, agents and employees from any and all damages, losses, costs and expenses (including reasonable attorneys' fees) which
they may incur (i) by reason of the Subscriber's failure to fulfill any of the terms and conditions of this Agreement, (ii) by
reason of the Subscriber's breach of any of the Subscriber's representations, warranties or agreements contained herein or in the
Investor Questionnaire, and (iii) with respect to any and all claims made by or involving any person, other than the Subscriber,
claiming any interest, right, title, power or authority regarding the Subscriber's purchase of Shares.  The Subscriber
further agrees and acknowledges that this indemnification agreement shall survive any sale or transfer, or attempted sale or transfer,
of any portion of the Subscriber's Shares or upon the Subscriber's death.

 

4.           Representations,
Warranties and Covenants.  The Subscriber hereby represents, warrants, and covenants that:

(i)           Subscriber
acknowledges that the Shares have not been registered with the Securities and Exchange Commission pursuant to the Securities Act
of 1933, as amended (the “Securities Act”), nor have the Shares been registered or qualified for sale under the laws
of any other jurisdiction (either within or outside of the United States).

(ii)         Subscriber
is acquiring the Shares for Subscriber’s own account and not for the account of others and for investment purposes only.

(iii)          All
subsequent offers and sales of the Shares by Subscriber shall be made in compliance with the Securities Act, pursuant to registration
under the Securities Act or pursuant to an exemption from such registration.

(iv)         Subscriber
understands that the Shares are being offered and sold to it in reliance on specific exemptions from the registration requirements
of U.S. federal and state securities laws and that the Company is relying upon the truth and accuracy of the representations, warranties,
agreements acknowledgments and understandings of Subscriber set forth in the Subscription Agreement and Investor Questionnaire
in order to determine the applicability of such exemptions and the suitability of Subscriber to acquire the Shares.

(v)        Subscriber
has adequate net worth and means of providing for his or her current needs and personal contingencies to sustain a complete loss
of his or her investment in the Shares and has no need for liquidity in this investment.

(vi)       The Company has
made available to Subscriber, its counsel and advisors, if any, the opportunity to ask questions of, and receive answers from,
the Company and its representatives concerning the terms and conditions of an investment in the Shares, and has given it access
to any requested information, documents, financial statements, books and records relative to the Company and an investment in the
Shares.

 

    	 

    	 	

    
 

(vii)          If
the Subscriber is a corporation, it is duly organized, validly existing and in good standing under the laws of the jurisdiction
of its incorporation, and if the Subscriber is a partnership or other organization, it is duly organized, validly existing and
in good standing under the laws of its jurisdiction of organization.

(viii)           (a)
If the Subscriber is a corporation, the execution, delivery and performance of this Agreement has been duly authorized by all necessary
corporate action; (b) if the Subscriber is a partnership or other organization, all governing documents necessary to enter into
this Agreement and to consummate the transactions contemplated hereby, and all necessary consents and approvals required by the
partnership agreement or other governing documents have been obtained; and (c) for both corporations and partnerships, this Agreement
constitutes a legal, valid and binding obligation of the Subscriber, enforceable against the Subscriber in accordance with its
terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
and similar laws affecting creditors' rights generally.

(ix)          Subscriber
is aware that investing in the Shares is speculative and involves a high degree of risk and that any right to transfer Shares in
the Company is limited and restricted by law and this Subscription Agreement.

(x)         Subscriber
has evaluated the risks of investing in the Shares and has substantial experience in making investment decisions of this type or
is relying on his advisors or Purchase Representative, if applicable, in making this investment decision.

(xi)        Subscriber
understands that the shares subject to this Subscription Agreement will be registered under a Registration Statement on Form S-1,
filed with the Securities and Exchange Commission, however, until such Registration Statement has been declared effective by the
Securities and Exchange Commission, a legend will be placed on any certificate representing the Shares substantially as follows:

 

THIS SECURITY HAS NOT BEEN REGISTERED
OR QUALIFIED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES OR BLUE SKY LAWS OF ANY STATE AND MAY BE OFFERED AND SOLD ONLY
IF REGISTERED AND QUALIFIED PURSUANT TO THE RELEVANT PROVISIONS OF UNITED STATES FEDERAL AND STATE SECURITIES OR BLUE SKY LAWS
OR IF AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION IS APPLICABLE.

 

The foregoing representations, warranties, and covenants and
all other information which the Subscriber has provided to the Company concerning the Subscriber and the Subscriber's financial
condition (or concerning the entity or organization which the subscriber represents and its financial condition) are true and accurate
as of the date hereof.

 

5.           Subscription
Agreement Binding on Heirs, Successors and Assigns.  This Subscription Agreement shall be binding upon the Subscriber's
heirs, successor’s estate, legal representatives and assigns, and shall be construed in accordance with the laws of the State
of Nevada.

 

6.           Execution
Authorized.  If this Subscription Agreement and the other relevant Subscription Documents are executed on behalf
of a corporation, partnership, trust or other entity, the Subscriber has been duly authorized and empowered legally to represent
such entity and to execute this Subscription Agreement and such Subscription Documents and all other instruments in connection
with the purchase of the Shares, and the Subscriber's signature is binding upon such entity.

 

7.           Legal
Representation/Conflict of Interest.  The Subscriber, by executing this Subscription Agreement acknowledges, represents
and agrees that (a) the Company has retained legal counsel to represent it in connection with the preparation of this Subscription
Agreement. (b) such legal counsel has prepared such documents with a view to the interests of the Company only and has not undertaken
to represent the interest of the Subscriber and that no attorney-client relationship or fiduciary duty exists between such legal
counsel and the Subscriber, notwithstanding that the Subscriber's investment may pay, directly or indirectly, for such legal services;
(c) the Subscriber has been advised to have such legal documents reviewed by the Subscriber's own independent attorney and/or other
advisors; and (d) the services performed by such legal counsel have been limited to the preparation of such documentation at the
request and direction of the Company and such legal counsel has not undertaken to conduct any investigation whatsoever concerning
the facts, risks or circumstances concerning or relating to the investment and/or the background or financial qualifications of
the Company.

 

    	 

    	 	

    
 

8.           Governing
Law and Venue.  This Agreement shall be construed in accordance with, and governed by, the laws of the State of Nevada
with venue proper in Nevada.

 

9.           Definition
of Terms.  The terms used herein, if not otherwise defined herein, shall have the meanings attributed to such terms
in the Agreement.  All pronouns and any variations thereof used herein shall be deemed to refer to the masculine, feminine,
neuter, singular or plural as the identity of the person or persons herein may require.

 

10.           Number
of Shares.  The undersigned hereby subscribes for Units as follows:

7,000,000 @ $ 0.01 per share = $ 70,000

 

All checks should be made payable to:  “A
Benbow Holding Inc.”

 

11.          Taxpayer
Identification Number Certification.

 

	45-2960145	 	 
	Social Security or Tax I.D. No.	 	Social Security or Tax I.D. No.

 

I declare that the number shown in this Subscription Agreement
is my correct taxpayer identification number and/or social security number (or I am waiting for a number to be issued to me), that
I have read and understood the foregoing documents, and that I desire to purchase the shares herein under the terms set forth in
this Subscription Agreement.

 

	Signature     /s/ Chen Li Hsing                                          	 	Signature ________________________________
	Date          July 11, 2012                                                      	 	Date ____________________________________

 

TYPE OF OWNERSHIP (Check one)

 

	 ̈ INDIVIDUAL  OWNERSHIP
  (One signature
    required)	 	      ̈  COMMUNITY PROPERTY
 (one signature required if interest held in one name, i.e., managing spouse; two signatures required if interest held in both names)
	 	 	 
	 ̈  JOINT TENANTS WITH RIGHT OF SURVIVORSHIP
  (both or all parties must sign) 	 	     x  CORPORATION
 (Please include certified Corporate Resolution authorizing signature)
	 	 	 
	 ̈ PARTNERSHIP
 (Please include a copy of the Statement of Partnership
    Agreement authorizing signature)	 	        ̈  TRUST
 (Please include a copy of the Trust Agreement)

 

 

	SAN LOTUS HOLDING INC.	 
	[Please print above the exact name(s) in which the Shares is to be held]	 

 

    	 

    	 	

    
 

 

IN WITNESS WHEREOF, the undersigned has executed this
Subscription Agreement this 11th day of July, 2012.

 

	
        SAN LOTUS HOLDING INC.

         

        By: /s/ Chen Li Hsing
	 	 
	
        Chen Li Hsing

        President

        San Lotus Holding Inc.

         
	 	Subscriber #2 Signature
	Subscriber #1 Print or Type Name and	 	Subscriber #2 Print or Type Name and
	 	 	 
	Title (if applicable)	 	Title (if applicable)
	 	 	 
	 	 	 
	775 325 6021	 	 
	Telephone Number	 	Telephone Number
	 	 	 
	4790 Caughlin Parkway Suite 387	 	 
	Street Address	 	Street Address
	 	 	 
	Reno, NV 89519	 	 
	City  

State 

Zip	 	City  

State  

Zip

 

	 	SUBSCRIPTION ACCEPTED:
	 	A Benbow Holding Inc.
	 	 	 
	 	By:	 /s/ Yu Chien Yang
	 	 	Authorized Officer
	 	Dated:	  July 11, 2012Exhibit 10.1

 

	 	IN THE CIRCUIT COURT OF THE 11TH JUDICIAL CIRCUIT, IN AND FOR MIAMI-DADE COUNTY, FLORIDA
	 	 
	 	GENERAL JURISDICTION DIVISION
	 	 
	 	CASE NO.  12-28576 CA 10

 

SOCIUS CG II, LTD., a Bermuda

exempted company,

 

Plaintiff,

v.

 

ADVAXIS, INC.,

a Delaware corporation,

 

Defendant.

_________________________________________/

 

 

AGREED ORDER GRANTING JOINT EXPEDITED

MOTION FOR ORDER APPROVING SETTLEMENT
OF CLAIM

 

THIS CAUSE came
before the Court for hearing on July 24, 2012, on the Joint Expedited Motion for Order Approving Stipulation for Settlement of
Claim (the “Motion”) filed by Plaintiff, Socius CG II, Ltd. (“Socius”), and Defendant, Advaxis, Inc. (“Advaxis”).
The Court, having reviewed the Motion and other pertinent portions of the record, noting the Stipulation for Settlement of Claim
reflecting the agreement of the parties (the “Stipulation”), having heard argument of counsel, and being otherwise
duly advised in the premises, it is hereby

 

ORDERED AND ADJUDGED
that the Motion is GRANTED as follows:

 

1.          The
Court approves the Stipulation and finds that terms and conditions of the issuance to Socius of (i) eleven million one hundred
eleven thousand (11,111,000) shares of common stock of Advaxis (“Common Stock”) and (ii) a number of shares of Common
Stock equal to half of Socius’ claim divided by a price determined as set forth in the Stipulation in exchange for the settlement
of Socius’s claim against Advaxis in the amount of $2,888,860, which consists of (a) past due
invoices in the aggregate amount of $1,841,853 which Socius purchased from Numoda Corporation, pursuant to a July 13, 2012 Claim
Purchase Agreement, (b) late charges and interest thereon in the aggregate amount of $309,751 which Advaxis owes to Socius pursuant
to a July 23, 2012 Forbearance Agreement, (c) a risk premium fee equal to twenty-five percent (25%) of the original claim which
Advaxis has agreed in the Stipulation that it owes to Socius in consideration for Socius’ agreement to enter into the settlement
and accept shares of Advaxis’ common stock rather than cash for the original claim, (d) broker transaction fees in the aggregate
amount of $236,792 which Advaxis has agreed in the Stipulation that it owes Socius in order to reimburse Socius for the costs of
liquidating the shares of Advaxis’ common stock received pursuant to the settlement and (e) costs associated with the settlement,
including without limitation legal fees, in the aggregate amount of $40,000, are fair, reasonable and adequate.

 

    	 

    	 	

    
 

2.          Accordingly,
the Common Stock shall constitute exempted securities under Section 3(a)(10) of the Securities Act of 1933.

 

3.          The
parties shall fully comply with all terms and conditions of the Stipulation, which are incorporated herein by this reference.

 

4.          This
action is therefore DISMISSED WITH PREJUDICE. The Court retains jurisdiction for purposes of enforcing the Stipulation.

 

DONE
AND ORDERED in Chambers at Miami, Miami-Dade County, Florida, this 24th day of July, 2012.

 

	 	 	/s/ Peter R. Lopez	 
	 	 	CIRCUIT COURT JUDGE	 

Copies furnished to:

Adam Leichtling, Esq.

Mark A. Salky, Esq.

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