Document:

KBS International Holdings Inc.: Exhibit 10.4 - Filed by newsfilecorp.com

Exhibit 10.4

COMMON STOCK PURCHASE AGREEMENT 

THIS COMMON STOCK PURCHASE AGREEMENT (this “Agreement”)
is made and entered into as of March 11, 2011 by and among Bay Peak 1
Opportunity Corp., a Nevada corporation (the “Company”), and the persons
and entities (each, a “Purchaser” and collectively, the
“Purchasers”) listed on the Schedule of Purchasers attached as Exhibit A
(the “Schedule of Purchasers”). 

NOW, THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS:

ARTICLE I 
AUTHORIZATION AND SALE OF COMMON
STOCK 

1.1 Authorization of Common Stock.
The Company will, prior to the Initial Closing (as defined below), authorize the sale and issuance of shares of up to a
maximum of $10,000,000 (the “Maximum Financing Amount”) of Common
Stock of the Company, par value $0.0001 per share, (the “Common Stock”)
having the rights, privileges, preferences, and restrictions set forth in the
Company's Articles of Incorporation, as then in effect (the “Articles of
Incorporation”). 

1.2 Sale of the Shares. On the terms and subject to the
conditions set forth herein, each Purchaser agrees to purchase and the Company
agrees to sell and issue the number of shares of Common Stock determined in
accordance with the following formula (as such number may be adjusted from time
to time), provided that such number of shares shall be rounded to the nearest
whole share: 

		Number of Shares 	= 	(A) (i) the amount of money invested by an
      individual Purchaser divided by (ii)(I) $45,000,000 plus
      (II) the aggregate amount of proceeds raised by the Company pursuant
      to this Agreement (including any proceeds raised in Closings subsequent to
      the Initial Closing) multiplied by (B) 19,993,300

1.3 Closings.

(a) The purchase, sale, and issuance of the shares to be
issued pursuant to this Agreement (the “Shares”) shall take place at one
or more closings remotely via the exchange of documents and signatures (each
such exchange, a “Closing”). The initial Closing (the “Initial
Closing”) shall take place on such date as the Company and Purchasers
representing the Shares to be purchased in the Initial Closing shall mutually
agree; provided, however, that the Company shall not be obligated to complete
the Initial Closing until the Purchasers agree to invest a minimum of $5,000,000
in the Initial Closing. 

(b) If less than the Maximum Financing Amount is raised at the
Initial Closing, then, subject to the terms and conditions of this Agreement,
the Company may sell and issue at one or more subsequent closings (each, a
“Subsequent Closing”) held prior to March 31, 2011 up to the remaining
balance of the Maximum Financing Amount. Any such sale and issuance in a
Subsequent Closing shall be on the same terms and conditions as those contained
herein, without the need for an amendment to this Agreement except to add such
person's or entity's name to the Schedule of Purchasers and to make any
adjustment to the number of shares of Common Stock due to each Purchaser as a
result of any changes in the aggregate amount of proceeds raised pursuant to
this Agreement. Each Subsequent Closing shall take place within 5 calendar days
of a written request for a Subsequent Closing from David Steele, Christopher
Jensen or Cory Roberts as representatives for the prospective Purchasers. 

(c) Immediately after each Closing, the Schedule of Purchasers will be revised to list the Purchasers purchasing Shares hereunder and adjust the number of Shares issued to each Purchaser in accordance with the formula set forth in Section 1.2. 

1.4 Delivery.

(a) At each Closing, the Company shall make a book entry notation in the Company’s books and records in such Purchaser's name representing the number of shares of Common Stock that such Purchaser is purchasing in such Closing against payment
of the purchase price therefor by check payable to the Company or wire transfer in accordance with the Company's instructions. 

(b) Notwithstanding the forgoing, each Purchaser hereby acknowledges that the number of Shares that a Purchaser purchases in a Closing as determined in accordance with Section 1.2 may be adjusted downward as a result of Subsequent Closings after
such Closing. Each Purchaser hereby authorizes the Company as its attorney in fact to take all such actions necessary to adjust the number of shares of Common Stock held in such Purchaser’s name in the books and records of the Company to
comply with the terms of this Agreement. 

ARTICLE II 

REPRESENTATIONS AND WARRANTIES

OF THE COMPANY 

The Company hereby represents and warrants to the Purchasers with respect to the transactions contemplated hereby that as of the Initial Closing:

2.1 Organization, Good Standing, and Qualification. The Company is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada. The Company has the requisite corporate power and authority to
carry on its business as presently conducted, to execute, deliver, and perform its obligations under this Agreement, and to issue and sell the Shares.

2.2 Authorization. All corporate action on the part of the Company and its directors, officers, and stockholders necessary for the authorization, execution, and delivery of this Agreement by the Company, the authorization, sale, issuance, and
delivery of the shares of Common Stock issued pursuant to this Agreement, and the performance of all of the Company's obligations under this Agreement has been taken or will be taken prior to the Initial Closing. This Agreement, when executed and
delivered by the Company, shall constitute a valid and binding obligation of the Company, enforceable in accordance with its terms, except (i) as limited by laws of general application relating to bankruptcy, insolvency, and the relief of debtors,
and (ii) as limited by rules of law governing specific performance, injunctive relief, or other equitable remedies, and by general principles of equity. 

2.3 Capitalization 

(a) Immediately prior to the Initial Closing, the authorized capital stock of the Company will consist of 100,000,000 shares of Common Stock and 10,000,000 of Preferred Stock, par value $0.0001. The Common Stock and Preferred Stock shall have
the rights, preferences, privileges, and restrictions set forth in the Company's Articles of Incorporation. 

(b) All issued and outstanding shares of the Company's Common Stock (i) have been duly authorized and validly issued, fully paid, and nonassessable, and (ii) were issued in compliance with all applicable state and federal laws concerning the
issuance of securities. 

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(c) The Shares, when issued and delivered and paid for in compliance with the provisions of this Agreement, will be validly issued, fully paid, and nonassessable. The Shares will be free of any liens or encumbrances, other than any liens or
encumbrances created by or imposed upon the Purchasers; provided, however, that the Shares are subject to restrictions on transfer under U.S. federal and/or state securities laws.

2.4 Compliance with Other Instruments. The Company is not in violation of any material term of its Articles of Incorporation or Bylaws, each as amended to date, or, to the Company's knowledge, in any material respect of any term or provision
of any material mortgage, indebtedness, indenture, contract, agreement, instrument, judgment, order, or decree to which it is party or by which it is bound. The Company is not in material violation of any federal or state statute, rule, or
regulation applicable to the Company. The execution and delivery of this Agreement by the Company, the performance by the Company of its obligations pursuant to this Agreement, and the issuance of the Shares will not result in any violation of, or
conflict with, or constitute a default under, the Company's Articles of Incorporation or Bylaws, each as amended to date, or any of its agreements, nor result in the creation of any material mortgage, pledge, lien, encumbrance, or charge upon any of
the properties or assets of the Company. 

2.5 Litigation. There are no actions, suits, proceedings, or investigations pending against the Company or its properties (nor has the Company received notice of any threat thereof) before any court or governmental agency. The Company is not
aware of any basis for any such action, suit, or proceeding. Neither the Company nor, to the Company's knowledge, any of its officers or directors are a party or subject to the provisions of any order, writ, injunction, judgment, or decree of any
court or government agency or instrumentality. There is no action, suit, proceeding, or investigation by the Company pending or which the Company intends to initiate. 

2.6 Offering. Subject to the accuracy of each Purchaser's representations and warranties in Article III, the offer, sale, and issuance of the Shares to be issued in conformity with the terms of this Agreement constitute transactions exempt
from the registration requirements of Section 5 of the Securities Act (as defined below) and from the registration or qualification requirements of applicable state securities laws, and neither the Company nor any authorized agent acting on its
behalf will take any action hereafter that would cause the loss of such exemption. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES

OF THE PURCHASERS 

Each Purchaser hereby, severally and not jointly, represents and warrants to the Company, with respect to the transactions contemplated hereby, that as of the respective Closing: 

3.1 Experience; Risk. The Purchaser has such knowledge and experience in financial and business matters that it is capable of evaluating the merits of and risks associated with purchasing the Shares and of protecting its interests in
connection herewith. The Purchaser has the ability to bear the economic risk of an investment in the Shares, including complete loss of the investment value of the Shares. 

3.2 Investment. The Purchaser is acquiring the Shares for investment for its own account, not as a nominee or agent, and not with a view to, or for resale in connection with, any distribution thereof, and has no present intention of selling,
granting any participation in, or otherwise distributing the same. Purchaser understands that the Shares to be purchased hereunder have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), by
reason of a specific exemption from the registration and prospectus delivery requirements of the Securities Act, which exemption depends upon, among other things, the bona fide nature of the investment intent and the accuracy of Purchaser's
representations as set forth herein. 

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3.3 Investment Experience. The Purchaser, or its purchaser representative, within the meaning of Regulation D, Rule 501(h) (its “Purchaser Representative”), promulgated by the Securities and Exchange Commission (the
“SEC”), has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company and acknowledges that the Purchaser or its Purchaser Representative, can protect
its own interests. 

3.4 Access to Data. The Purchaser has had an opportunity to ask questions of, and receive answers from, the officers of the Company concerning this Agreement and the transactions contemplated by this Agreement, as well as the Company's
business, management, and financial affairs, which questions were answered to its satisfaction. The Purchaser believes that it has received all the information the Purchaser considers necessary or appropriate for deciding whether to purchase the
Shares. The Purchaser understands that such discussions, as well as any information issued by the Company, were intended to describe certain aspects of the Company's business and prospects, but were not necessarily a thorough or exhaustive
description. The Purchaser acknowledges that any business plans prepared by the Company have been, and continue to be, subject to change and that any projections included in such business plans or otherwise are necessarily speculative in nature, and
it can be expected that some or all of the assumptions underlying the projections will not materialize or will vary significantly from actual results. The Purchaser also acknowledges that it is relying solely on its own counsel and not on any
statements or representations of the Company or its agents for legal advice with respect to this investment or the transactions contemplated by the Agreement. 

3.5 Accredited Purchaser. The Purchaser is an “accredited investor” within the meaning of Regulation D, Rule 501(a), promulgated by the SEC under the Securities Act and shall submit to the Company such further assurances of
such status as may be reasonably requested by the Company. 

3.6 Residency. The residency of the Purchaser (or, in the case of a partnership or corporation, such entity's principal place of business) is correctly set forth on the Schedule of Purchasers. 

3.7 Restricted Securities; Rule 144. The Purchaser understands that the Shares are characterized as “restricted securities” under the Securities Act because such shares are being acquired from the Company in a transaction not
involving a public offering, and that under the Securities Act and the rules and regulations promulgated thereunder the Shares may be resold without registration under the Securities Act only in certain limited circumstances. The Purchaser
understands and hereby acknowledges that the Shares must be held indefinitely unless subsequently registered under the Securities Act or an exemption from such registration is otherwise available. The Purchaser is aware of the provisions of Rule 144
promulgated under the Securities Act, which permit limited resales of shares purchased in a transaction not involving a public offering, subject to the satisfaction of certain conditions. 

3.8 No Public Market. The Purchaser understands that no public market now exists for any security issued by the Company and that there is no assurance that a public market will ever exist for the Shares. 

3.9 Legends. It is understood that each certificate representing the Shares and any securities issued in respect thereof or exchange therefor, shall bear a legend in substantially the following form (in addition to any legend required under
applicable state securities laws): 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD, OR OTHERWISE TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR,
IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE, OR
TRANSFER, PLEDGE, OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT. 

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3.10 Authorization.

(a) The Purchaser has all requisite power and authority to execute and deliver this Agreement, to purchase the Shares hereunder, and to carry out and perform its obligations under the terms of this Agreement. All action on the part of the Purchaser
necessary for the authorization, execution, delivery, and performance of this Agreement, and the performance of all of the Purchaser's obligations under this Agreement, has been taken or will be taken prior to the Closing. 

(b) This Agreement, when executed and delivered by the Purchaser, will constitute valid and legally binding obligations of the Purchaser, enforceable in accordance with its terms except: (i) as limited by applicable bankruptcy, insolvency,
reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies,
or by general principles of equity. 

(c) No consent, approval, authorization, order, filing, registration, or qualification of or with any court, governmental authority, or third person is required to be obtained by the Purchaser in connection with the execution and delivery of this
Agreement by the Purchaser or the performance of the Purchaser's obligations hereunder or thereunder. 

3.11 Brokers or Finders. The Purchaser has not engaged any brokers, finders, or agents, and neither the Company nor any other Purchaser has, nor will, incur, directly or indirectly, as a result of any action taken by the Purchaser, any
liability for brokerage or finders' fees, agents' commissions, or any similar charges in connection with this Agreement. 

3.12 Tax Advisors. The Purchaser has reviewed with its own tax advisors the U.S. federal, state, local, and foreign tax consequences of this investment and the transactions contemplated by this Agreement. With respect to such matters, the
Purchaser relies solely on such advisors and not on any statements or representations of the Company or any of its agents, written or oral. The Purchaser understands that it (and not the Company) shall be responsible for its own tax liability that
may arise as a result of this investment or the transactions contemplated by this Agreement. 

ARTICLE IV 

CONDITIONS TO PURCHASERS' OBLIGATIONS TO CLOSE 

Each Purchaser's obligation to purchase the Shares at a Closing is subject to the fulfillment on or before the Closing of each of the following conditions, unless waived in writing by the applicable Purchaser purchasing the Shares in such Closing:

4.1 Representations and Warranties. Except as set forth in or modified by a Schedule of Exceptions delivered to a Purchaser at Closing, the representations and warranties made by the Company in Article II shall be true and correct as of the
date of the Initial Closing. 

4.2 Covenants. The Company shall have performed or complied with all covenants, agreements, and conditions contained in this Agreement to be performed or complied with by the Company on or prior to the Closing. 

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4.3 Blue Sky. The Company shall have obtained all necessary Blue Sky or foreign law permits and qualifications, or have the availability of exemptions therefrom, required by any state or foreign entity for the offer and sale of the Shares.

4.4 Proceedings and Documents. All corporate and other proceedings required to carry out the transactions contemplated by this Agreement, and all instruments and other documents relating to such transactions, shall be reasonably satisfactory
in form and substance to the Purchasers, and the Purchasers shall have been furnished with such instruments and documents as it shall have reasonably requested. 

4.5 Consents and Waivers. The Company shall have obtained any and all consents and waivers necessary or appropriate for the performance by the Company of its obligations pursuant to this Agreement. 

ARTICLE V 

CONDITIONS TO COMPANY'S OBLIGATION TO CLOSE 

The Company's obligation to sell and issue the Shares at each Closing is subject to the fulfillment on or before such Closing of the following conditions, unless waived in writing by the Company: 

5.1 Representations and Warranties. The representations and warranties made by the Purchasers in such Closing in Article III shall be true and correct when made and shall be true and correct as of the date of such Closing. 

5.2 Covenants. The Purchasers shall have performed or complied with all covenants, agreements, and conditions contained in this Agreement to be performed or complied with by the Purchasers on or prior to the date of such Closing. 

5.3 Compliance with Securities Laws. The Company shall be satisfied that the offer and sale of the Shares shall be qualified or exempt from registration or qualification under all applicable federal, state, and foreign securities laws
(including receipt by the Company of all necessary blue sky law permits and qualifications required by any state, if any). 

ARTICLE VI 

MISCELLANEOUS 

6.1 Governing Law. This Agreement shall be governed in all respects by the laws of the State of Nevada without regard to the conflicts of law principles of any jurisdiction. All disputes arising out of this Agreement shall be subject to the
exclusive jurisdiction and venue of the Nevada Business Courts (or, if there is exclusive federal jurisdiction, the U.S. District Court for the District of Nevada), and the parties consent to the personal and exclusive jurisdiction and venue of such
courts. 

6.2 Successors and Assigns. Except as otherwise provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors, and administrators of the parties hereto. 

6.3 Entire Agreement; Amendment. This Agreement constitutes the full and entire understanding and agreement among the parties with respect to the subject matter hereof. Except as expressly provided herein, neither this Agreement nor any term
hereof may be amended, waived, discharged, or terminated other than by a written instrument referencing this Agreement and signed by the Company and the Purchasers holding a majority of the Shares issued pursuant to this Agreement (excluding any of
such shares that have been sold to the public or pursuant to Rule 144); provided, however, that Purchasers purchasing shares in a Closing after the Initial Closing shall, upon execution and delivery of a signature page to this
Agreement, become parties
to, and be bound by, this Agreement without any amendment of this Agreement pursuant to this paragraph or any consent or approval of any other Purchaser. Any such amendment, waiver, discharge, or termination effected in accordance with this
paragraph shall be binding upon each holder of any securities purchased under this Agreement at the time outstanding and each future holder of all such securities. 

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6.4 Notice. Subject to the limitations set forth in Nevada Revised Statute § 78.370(8), each Purchaser hereby consents to the delivery of any notice to stockholders given by the Company under the Nevada Revised Statutes or the Company's
Articles of Incorporation or Bylaws by (i) facsimile telecommunication to the facsimile number for such Purchaser set forth in the Company's records, (ii) electronic mail to the electronic mail address for such Purchaser set forth in the Company's
records, (iii) posting on an electronic network together with separate notice to such Purchaser of such specific posting, or (iv) any other form of electronic transmission (as defined in the Nevada Revised Statutes) directed to such Purchaser or
other security holder. This consent may be revoked by such Purchaser by written notice to the Company and may be deemed revoked in the circumstances specified in Nevada Revised Statute § 78.370(8) . 

6.5 CORPORATE SECURITIES LAWS. THE SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT, OR UNDER ANY STATE SECURITIES LAWS, AND IS SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND
RESALE AND MAY NOT BE TRANSFERRED, SOLD, OFFERED FOR SALE, PLEDGED, OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THESE SECURITIES UNDER THE SECURITIES ACT OR AS APPLICABLE STATE SECURITIES LAWS OR AN OPINION
OF COUNSEL SATISFACTORY TO THE COMPANY THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS. 

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

6.7 Telecopy Execution and Delivery. A facsimile, telecopy, or other reproduction of this Agreement may be executed by one or more parties hereto and delivered by such party by facsimile or any similar electronic transmission device
pursuant to which the signature of or on behalf of such party can be seen. Such execution and delivery shall be considered valid, binding, and effective for all purposes. At the request of any party hereto, all parties hereto agree to execute and
deliver an original of this Agreement as well as any facsimile, telecopy, or other reproduction hereof. 

[Signature Pages Follow] 

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IN WITNESS WHEREOF, the undersigned have executed this
Agreement to be effective as of the date first above written. 

	 	BAY PEAK 1 OPPORTUNITY CORP. 	 
	 	a Nevada corporation 	 
	 	  	 
	 	By: 	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Title: 	 

 

[SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT] 

IN WITNESS WHEREOF, the undersigned have executed this
Agreement to be effective as of the date first above written. 

	 	PURCHASER 	 
	 	 	 
	 	Print Purchaser Name 	 
	 	 	 
	 	By: 	 
	 	 	 
	 	Name: 	 
	 	 	 
	 	Title: 	 
	 	 	 
	 	Date: 	 
	 	 	 
	 	  	 
	 	Address: 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Email Address: 	 
	 	 	 

[SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT] 

EXHIBIT A 

SCHEDULE OF PURCHASERS 

FINAL CLOSING 

	Purchaser 	Number of
      
Common Shares 	Aggregate
      
Purchase Price 
	China – Ground Floor Holdings, L.P. 	222,860 	$571,884.15 
	China – Ground Floor Holdings VI, L.P. 	77,019 	$197,640.00 
	China Canadian Opportunity, L.P. 	1,312,459 	$3,367,914.11 
	China Canadian Opportunity VI, L.P. 	762,667 	$1,957,088.58 
	PV KBS Holdings, L.P. 	82,011 	$210,450.00 
	  	  	  
	           
                         
                         
                         
                         
                         
                         
         Total 	2,457,016 	$6,304,976.84KBS International Holdings Inc.: Exhibit 10.5 - Filed by newsfilecorp.com

Exhibit 10.5

EXECUTION COPY 

ESCROW AGREEMENT 

THIS ESCROW AGREEMENT (the “Agreement”) is made
and entered into as of March 11, 2011, by and among Bay Peak 1 Opportunity
Corp., a Nevada corporation ( “Bay Peak”), David Steele (the
“Investor Representative”), and Deutsche Bank National Trust
Company, a national banking association (the “Escrow Agent”).
Capitalized terms not otherwise defined herein shall have the meaning ascribed
to them in the Make Good Side Letter (as defined below).

WHEREAS, Cheung So Wa and Chan Sun Kueng (each a “Company
Shareholder” and together the “Company Shareholders”), Bay
Peak and the investors listed on Schedule A thereto have entered into an
Investor Make Good Side Letter dated even date herewith (the “Make Good
Side Letter”) to which the Escrow Agent is not a party. 

WHEREAS, pursuant to the Make Good Side Letter, on behalf of
the Company Shareholders Bay Peak has agreed to deposit 4,000,000 shares of Bay
Peak common stock issued to the Company Shareholders pursuant to the Share
Exchange Agreement, dated March 11, 2011, made by and among Bay Peak, Cory
Roberts, David Steele and Christopher E. Jensen, the Company Shareholders, and
Hongri International Holdings Limited, a British Virgin Islands company (the
“Share Exchange Agreement”) into an escrow account (the
“Escrow Account”) with the Escrow Agent in the proportions set
forth in Schedule A hereto to be held and distributed by the Escrow Agent
on the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the mutual promises
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows: 

ARTICLE I 
ESTABLISHMENT OF ESCROW 

1.1 On behalf of the Company Shareholders, Bay Peak
hereby deposits with the Escrow Agent, and the Escrow Agent hereby acknowledges
receipt of, an aggregate of 4,000,000 shares of Bay Peak common stock held in
the name of the Company Shareholders on the books and records of Bay Peak in the
respective amounts set forth on Schedule A hereto (the “Escrowed
Shares”), which shall serve as the Escrowed Shares for purposes of
Section 1(f) of the Make Good Side Letter and as the source of payment for the
2010 Make Good Shares and 2011 Make Good Shares (the “Make Good
Shares”), if any, as required by Section 1(a) and Section 1(b) of the
Make Good Side Letter. The Escrow Shares shall be held in the Escrow Account
until release in accordance with ARTICLE II.

1.2 During the term of this Agreement, the Escrow Agent
shall have the exclusive authority, as attorney-in-fact for the Company
Shareholders, to transfer the Escrowed Shares in accordance with the terms and
conditions of this Agreement. For so long as the Escrowed Shares are held by the
Escrow Agent, the Company Shareholders shall not be permitted to transfer, sell,
assign, pledge, convey in trust, give or otherwise dispose of any of the
Escrowed Shares, whether voluntarily or by operation of law, directly or
indirectly. Bay Peak shall be entitled to rely on this Section 1.2 and may take
any action necessary to carry out the terms of this Agreement, including halting
the transfer of any of the Escrowed Shares in violation of this Agreement. 

1.3 The Company Shareholders shall deliver to the Escrow
Agent two (2) Assignments Separate From Certificate in the form attached hereto
as Exhibit A (the “Assignment Certificates”), executed in
blank, which shall be sufficient to allow the Escrow Agent to give effect to a
transfer of the Escrowed Shares to the Financing Investors, or their designees,
in accordance with ARTICLE II. The Company Shareholders agree to deliver any
additional Assignment Certificates, or alternative forms of
transfer agreements, as reasonably requested by the Escrow Agent to effect the transactions contemplated hereby.

ARTICLE II

DISBURSEMENTS FROM THE ESCROW ACCOUNT 

2.1 Upon receipt of (a) joint written instructions from the Investor Representative and Bay Peak as to the disposition of the Escrowed Shares, (b) written evidence of Actual 2010 Net Income or Actual 2011 Net Income from the Company
Accountant (or the Independent Auditor, as the case may be) indicating Make Good Shares are due to the Financing Investors pursuant to Section 1(a) or Section 1(b) of the Make Good Side Letter, (c) an order of arbitrator pursuant to Section 7.3, or
(d) an order of a court having jurisdiction over the matter that is final and not subject to further court proceedings or appeal, the Escrow Agent shall distribute the Escrow Shares in accordance with such provisions, instructions, evidence, or
order.  The Escrow Agent shall be entitled to receive and may conclusively rely upon an opinion of counsel to the presenting party to the effect that an order delivered to it pursuant to clause (d) of the prior sentence is final and not subject to
further court proceedings or appeal and from a court having jurisdiction over the matter.

2.2 If Make Good Shares are due to Financing Investors pursuant to Section 1(a) or Section 1(b) of the Make Good Side Letter, the Investor Representative shall calculate the number of Make Good Shares to be distributed to such Financing
Investors in accordance with Section 1(a) or Section 1(b) of the Make Good Side Letter.  The Investor Representative shall deliver to the Escrow Agent appropriate instructions regarding the distribution of the Make Good Shares, and the Escrow Agent
shall be entitled to rely on those instructions and shall, by delivering the Assignment Certificates, direct Bay Peak to transfer such Make Good Shares to the appropriate Financing Investors as instructed by the Investor Representative. 

2.3 After (i) the Actual 2011 Net Income amount has been delivered to the Escrow Agent in accordance with the terms of Section 1 of the Make Good Letter, and (ii) all required disbursements from the Escrow Account have been made, any Escrowed
Shares remaining in the Escrow Account shall be distributed to the Company Shareholders in accordance with their respective pro-rata interests in the Escrow Account (which shall be proportionate the number of Escrowed Shares contributed by each
Company Shareholder as set forth on Schedule A).

ARTICLE III 

DUTIES OF ESCROW AGENT 

3.1 The Escrow Agent shall perform such duties and obligations as are set forth herein in accordance with the terms and provisions of this Agreement.

3.2 The Escrow Agent shall (i) safeguard and treat the Escrow Account as a trust fund in accordance with the provisions of this Agreement, and shall hold the Escrow Account separate and apart from any other accounts of any other person and
(ii) hold and dispose of the securities and other property held in the Escrowed Account only in accordance with the terms and provisions of this Agreement.

3.3 Any (i) shares of Bay Peak common stock or other equity securities issued or distributed by Bay Peak (including shares issued upon a stock split) in respect of the Escrowed Shares, (ii) any dividends or other distributions made on account
of the Escrowed Shares, and (iii) any interest or other income accrued on account of any such distributions on such Escrowed Shares, (collectively “Distributions”) shall be added to the Escrow Account and become a part
thereof. Any Distributions shall be considered part of the Escrowed Shares and the Escrow Agent shall distribute any such Distributions attributable to the Escrowed Shares in connection with the transfer or disbursement of any Escrowed Shares. 

2 

3.4 To the extent that there is cash in the Escrow Account, the Escrow Agent may invest any such cash in its discretion in (a) marketable obligations of, or fully and directly guaranteed by, the United States, which obligations have a
maturity of not more than 90 days; or (b) money market funds registered under the Investment Company Act of 1940, as amended from time to time (the “1940 Act”), the portfolios of which are limited to Government Securities
(as defined in the 1940 Act). 

3.5 The Escrow Agent shall not be responsible to By Peak or the Investor Representative or any other person or entity for any loss or liability arising in respect of any directed investment except to the extent that such loss or liability
arose from the Escrow Agent's gross negligence or willful misconduct. 

3.6 Each Company Shareholder shall have voting rights with respect to the Escrowed Shares unless and until such shares have been transferred to another party pursuant to this Agreement.

ARTICLE IV 

COMPENSATION; EXPENSES 

4.1 As compensation for its services to be rendered under this Agreement, the Escrow Agent shall receive a fee and shall be reimbursed upon request for all expenses, disbursements and advances incurred or made by it in connection with the
carrying out of its duties under this Agreement as set forth in Exhibit B hereto (the "Fee Schedule"). Bay Peak and the Investor Representative hereby agree to the terms set forth in the Fee Schedule and agree that each shall
pay half of the fees and expenses of the Escrow Agent. 

ARTICLE V

EXCULPATION AND INDEMNIFICATION 

5.1 The obligations and duties of the Escrow Agent are confined to those specifically set forth in this Agreement.

5.2 The Escrow Agent shall not be personally liable for any act that it may do or omit to do hereunder in good faith and in the exercise of its own best judgment. Any act done or omitted to be done by the Escrow Agent pursuant to the advice
of its attorneys shall be deemed conclusively to have been performed or omitted in good faith by the Escrow Agent. 

5.3 In the event the Escrow Agent is notified of any dispute, disagreement or legal action between Bay Peak and the Investor Representative and any third party relating to or arising in connection with the escrow, the Escrowed Shares, or the
performance of the Escrow Agent's duties under this Agreement, the Escrow Agent will not be required to determine the controversy or to take any action regarding it. The Escrow Agent may hold all documents and funds and may wait for settlement of
any such controversy by final appropriate legal proceedings or other means as, in the Escrow Agent's discretion, it may require.  In such event, the Escrow Agent will not be liable for interest or damage. Furthermore, the Escrow Agent may, at its
option, file an action of interpleader requiring the parties to answer and litigate any claims and rights among themselves.  The Escrow Agent is authorized, at its option, to deposit with the clerk of the Court all documents and funds held in
escrow, except all costs, expenses, charges, and reasonable attorneys' fees incurred by the Escrow Agent due to the interpleader action and which Bay Peak and the Investor Representative agree to pay one-half each. Upon initiating such action, the
Escrow Agent shall be fully released and discharged of and from all obligations and liability imposed by the terms of this Agreement. 

5.4 Bay Peak and the Investor Representative hereby agree, jointly and severally, to indemnify and hold the Escrow Agent, and its directors, officers, employees, and agents, harmless from and against all costs, damages, judgments, attorneys'
fees for outside counsel, expenses, obligations and
liabilities of every kind and nature which the Escrow Agent, and its directors, officers, employees, and agents, may incur, sustain, or be required to pay in connection with or arising out of this Agreement, unless the aforementioned results from
the Escrow Agent's gross negligence or willful misconduct, and to pay the Escrow Agent on demand the amount of all such costs, damages, judgments, attorneys' fees, expenses, obligations, and liabilities. The costs and expenses of enforcing this
right of indemnification also shall be paid one-half each by Bay Peak and the Investor Representative. The foregoing indemnities in this paragraph shall survive the resignation or substitution of the Escrow Agent or the termination of this
Agreement. 

3 

ARTICLE VI 

RESIGNATION OF ESCROW AGENT 

6.1 The Escrow Agent may resign at any time upon giving at least sixty (60) days prior written notice to Bay Peak and the Investor Representative; provided, however, that no such resignation shall become effective until the appointment of a
successor escrow agent which shall be accomplished as follows: Bay Peak and the Investor Representative shall use their best efforts to select a successor escrow agent within sixty (60) days after receiving such notice. If Bay Peak and the Investor
Representative fail to appoint a successor escrow agent within such time, the Escrow Agent shall have the right to appoint a successor escrow agent. The successor escrow agent shall execute and deliver an instrument accepting such appointment and it
shall, without further acts, be vested with all the estates, properties, rights, powers, and duties of the predecessor escrow agent as if originally named as escrow agent. Upon delivery of such instrument, the Escrow Agent shall be discharged from
any further duties and liability under this Agreement.

ARTICLE VII 

MISCELLANEOUS 

7.1 Termination. This Agreement shall automatically terminate if and when all amounts in the Escrow Account (including all the securities deposited into the Escrow Account) shall have been distributed by the Escrow Agent in accordance
with the terms of this Agreement; provided, however, that the rights and obligations of the parties hereto shall survive the termination hereof. 

7.2 Further Instruments. In the event that the Escrow Agent reasonably requires other further instruments in connection with its performance of its duties and obligations hereunder, Bay Peak and the Investment Representative shall use
their commercially reasonably best efforts to join in furnishing such instruments.

7.3 Arbitration. The parties hereto agree that any dispute or controversy arising out of, in relation to, or in connection with this Agreement, or the making, interpretation, construction, performance or breach thereof, shall be
finally settled by binding arbitration in the State of Nevada under the then current rules of the American Arbitration Association by one (1) arbitrator appointed in accordance with such rules.  The arbitrator may grant injunctive or other relief in
such dispute or controversy.  The decision of the arbitrator, shall be final, conclusive and binding on the parties to the arbitration.  The Escrow Agent shall be entitled to rely on any arbitrator’s decision.  Judgment may be entered on the
arbitrator's decision in any court of competent jurisdiction.  The parties agree that, any provision of applicable law notwithstanding, they will not request and the arbitrator shall have no authority to award, punitive or exemplary damages against
any party. The costs of the arbitration, including administrative and arbitrator's fees, shall be shared equally between Bay Peak and the Investor Representative. Each party shall bear the cost of its own attorneys' fees and expert witness fees.

7.4 Notice. All notices required by this Agreement shall be in writing and shall be deemed to have been received (a) immediately if sent by facsimile transmission or email (with a confirming copy sent the same Business Day by
registered or certified mail), or by hand delivery (with signed return receipt), or (b) the next Business Day if sent by nationally
recognized overnight courier, in any case to the respective addresses as
follows: 

4 

	To Investor 	  	With a copy 	  
	Representative 	  	to: 	  
	: 	David Steele 	  	Adam Hornung 
	  	3111 Del Rio Drive 	  	Scudder Law Firm, P.C., L.L.O. 
	  	North Vancouver, BC V7N 4C3 	  	411 S. 13th Street, Suite 200
    
	  	Telephone: 604-980-8407 	  	Lincoln, NE 68508 
	  	Fax: 	  	Telephone: 402-435-3223 
	  	Email: steeledave@shaw.ca 	  	Fax: 402-435-4239 
				Email: ahornung@scudderlaw.com 
	  	  	  	  
	To Bay Peak: 	  	With a copy 	  
	  	Bay Peak 1 Opportunity Corp. 	to: 	Thomas Shoesmith 
		169 Bolsa Avenue 		Pillsbury Winthrop Shaw Pittman LLP
  
	  	Mill Valley, CA 94941 	  	2475 Hanover Street 
	  	Telephone: 480-320-4734 	  	Palo Alto, CA 
	  	Fax: 	  	Telephone: 650-233-4553 
	  	Email: 	  	Fax: 650-233-4545 
				Email: thomas.shoesmith@pillsburylaw.
      com 
	  	  	  	  
	To the Escrow 	  	  	  
	Agent: 	Deutsche Bank National Trust Company 		
	  	101 California Street, 47th
      Floor 	  	  
	  	San Francisco, CA 94111 	  	  
	  	Attention: Raafat A Sarkis 	  	  
	  	Telephone: 415-617-2801 	  	  
	  	Fax: 415-617-2801 	  	  
	  	Email: raafat.sarkis@db.com 	  	  

7.5 Governing Law. This Agreement shall be
governed by and construed in accordance with the laws of the State of Nevada
without regard to its choice of law provisions. 

7.6 Tax Reporting Information. For purposes of
income tax reporting, the Escrow Agent will allocate any such interest or other
income paid on the Escrow Funds to the party to whom the Escrow Funds are
released. The party to whom any such interest or other income is so allocated
shall treat and report such interest or other income as income to it on all tax
returns filed by such party. Each of Bay Peak and the Investor Representative
agrees to complete, sign and return a Form W-9 and any other forms and documents
that the Escrow Agent may reasonably request (collectively, “Tax Reporting
Documentation”) to the Escrow Agent within 30 days after the date
hereof. The parties hereto understand that, if such Tax Reporting Documentation
is not so furnished to the Escrow Agent, the Escrow Agent shall be required by
the Internal Revenue Code of 1986, as amended, to withhold a portion of any
payment made by the Escrow Agent pursuant to this Agreement, and to immediately
remit such withholding to the Internal Revenue Service. The sole tax reporting
obligations of the Escrow Agent shall be (a) to file Form 1099 INT with the
Internal Revenue Service with respect to any interest income
earned on the Escrow Funds by the party receiving such interest income and to provide a copy thereof to Bay Peak and the Investor Representative or (b) to file Form 1099B and 1099INT with the Internal Revenue Service with respect to
amounts paid to the party receiving such interest income and to provide copies thereof to Bay Peak and the Investor Representative. 

5 

7.7 Automatic Succession. Any entity into which the Escrow Agent may be merged or with which it may be consolidated, or any entity to whom the Escrow Agent may transfer a substantial amount of its escrow business, shall be the
successor to the Escrow Agent without the execution or filing of any paper or any further act on the part of any of the parties, anything herein to the contrary notwithstanding. 

7.8 Amendment and Modification. Bay Peak and the Investor Representative and the Escrow Agent may amend, modify, and/or supplement this Agreement as they may mutually agree in writing. 

7.9 Severability. The parties agree that if any provision of this Agreement shall under any circumstances be deemed invalid or inoperative this Agreement shall be construed with the invalid or inoperative provisions deleted and the
rights and obligations of the parties shall be construed and enforced accordingly. 

7.10 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one instrument.

7.11 Telecopy Execution and Delivery.  A facsimile, telecopy or other reproduction of this Agreement may be executed by one or more parties hereto and delivered by such party by facsimile or any similar electronic transmission device
pursuant to which the signature of or on behalf of such party can be seen. Such execution and delivery shall be considered valid, binding and effective for all purposes. At the request of any party hereto, all parties hereto agree to execute and
deliver an original of this Agreement as well as any facsimile, telecopy or other reproduction hereof.

6 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day and year first above written. 

INVESTOR REPRESENTATIVE: 

By: /s/ David Steele                             

Name: David Steele                            
     

Title:                                                     

7

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day and year first above written. 

BAY PEAK 1 OPPORTUNITY CORP. : 

By: /s/ Christopher Jensen                    
    

Name: Christopher Jensen                       

Title: Secretary                                          

8 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day and year first above written. 

ESCROW AGENT: 

DEUTSCHE BANK NATIONAL TRUST COMPANY 

By: /s/ Raafat A. Sarkis                                             

Name: Raafat A. Sarkis                    
                    

Title: Vice President                             

By: /s/ Loyce G. Harrison                     

Name: Loyce G. Harrison                    
    

Title: Vice President                                                    

9 

Schedule A 

ESCROWED SHARES 

	Name of Company Shareholder 	Number of Escrowed Shares
      Deposited 
	Cheung So Wa 	1,200,000 
	Chan Sun Kueng 	2,800,000 
	Total 	4,000,000 

EXHIBIT A 

Assignment Separate from Certificate 

For value received, the undersigned hereby assigns and
transfers the fully paid and non-assessable shares of Common Stock, par value
$0.0001 per share of Bay Peak 1 Opportunity Corp., a Nevada corporation (the
“Company”), standing in the name of the undersigned on the books and records of
the Company to the individuals noted in the table below the number of shares set
across from such individual’s name.

The undersigned does hereby irrevocably constitute and appoint
Deutsche Bank National Trust Company (or its assigns) as its attorney-in-fact to
transfer said stock on the books and records of the Company with full power of
substitution in the premises. 

	Name of
      Transferee 	Number of Shares Transferred 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

Dated:___________________

[Company Shareholder] 

________________________________ 

	Deutsche Bank National Trust Company 
	Trust & Securities Services 
	 

Exhibit B 
Bay Peak 1 Opportunity Corp./ David
Steele Stock 
Escrow Agreement

Our fees to serve as Escrow agent are calculated as follows:

	Acceptance fee: 	Waived 
	This one time charge is payable at the time of
      the closing and includes the review and execution of the agreements and
      all documents submitted in support thereof and establishment of accounts.
    

	Escrow Agent Administrative Fee 	$2,500 

This annual fee covers escrow agent duties and responsibilities
related to account administration and servicing for the life of the account,
which may include maintenance of accounts on various systems, custody and
securities servicing, vault services, paying agent duties, reporting, etc. This
fee is payable in advance and shall not be prorated. 

Miscellaneous Fees

The fees for performing extraordinary or other services not
contemplated at the time of the execution of the transaction or not specifically
covered elsewhere in this schedule will be commensurate with the service to be
provided and will be charged in DBNTC’s sole discretion. These extraordinary
services may include, but are not limited to: proxy dissemination/tabulation,
customized reporting and/or procedures, required tax reporting (1099/1042),
electronic account access, etc. Counsel, accountants, special agents and others
will be charged at the actual amount of fees and expenses billed. 

	Office Information 	  
	Office Name and Address: 	Deutsche Bank National Trust 
	Company 	  
	  	101 California Street, 47th floor
  
	  	San Francisco, CA 94111 
	  	  
	Administrator Contact Person 	Raafat Sarkis, Vice President 
	Telephone Number: 	(415) 617-2801 
	Fax Number: 	(415) 617-4280 
	E-mail: 	raafat.sarkis@db.com
      

	March 4, 2011 
	               
                         
                         
                         
                         
                         
                         
                         
                         
         Private and Confidential 

	Deutsche Bank National Trust Company 
	Trust & Securities Services 

A. Review Period: 

	
This proposal is subject to satisfactory documentation review of the transaction as well as our own internal credit, conflict and approval process for both new transactions and new clients.
	
All documentation will be subject to California law, unless otherwise specified in the governing documents.
	
We reserve the right to consult legal counsel during documentation review. In the event legal charges are incurred, these charges are your sole responsibility.
	
If this transaction should fail to close for reasons beyond our control, we reserve the right to charge our acceptance fee plus reimbursement for legal fees and costs associated with due diligence on the transaction.

B. Disclosures: 

	
We reserve the right to review our fee arrangement should circumstances warrant.
	
You are responsible for extraordinary expenses and fees for the performance of services not contemplated at the time of the execution of the documents or not specifically covered in the agreement or fee schedule. Such extraordinary fees and expenses
include, but are not limited to, those arising from Bondholder meetings, activities relating to default and workout situations, travel and travel-related expenses, and amendments and releases.
	
Unless otherwise instructed, we will place orders in accordance with your written investment instructions to buy/sell money market mutual funds (“MMF”) shares with the MMF provider(s) or their agents.
	
Unless otherwise instructed, we will place orders in accordance with your written investment instructions to buy/sell deposits, securities and other financial instruments with Deutsche Bank Securities, Inc. (DBSI), our affiliated registered
broker-dealer.
	
If you choose to invest in a proprietary MMF, we and/or our affiliates may earn investment management fees and other fees associated with these MMFs, as disclosed in the relevant MMF’s prospectus, in addition to the charges quoted above. Also,
we have entered into agreements with certain MMFs, including proprietary MMFs, or their agents, to provide shareholder services to those MMFs. We are paid a fee by the MMFs for providing these shareholder services that, calculated on an annual
basis, does not exceed 80 basis points per annum of the average daily balance of the amount of your investment in these MMFs. Qualified Funds are those MMFs that pay incentive payments to us and, in some cases, are part of our automated internal
trade order entry system. We also make available other MMFs that are not Qualified Funds. Please note, however, that the transaction charges described above apply to each transaction in these MMFs. We may receive other compensation from the advisers
to or other affiliates of the MMFs.
	
If you choose to use other services provided by any of our affiliates, we may be allocated a portion of the fees earned.
	
We will provide periodic account statements describing transactions executed for your account(s). Confirmations of trades will be available upon your request at no additional charge.
	
Shares of MMFs are not deposits or obligations of, or guaranteed by, us or any of our affiliates, and are not insured by the Federal Deposit Insurance Corporation or any other agency of the U.S. Government. Investments in the MMFs involve the
possible loss of principal. Please read the prospectus carefully before investing.

	March 4, 2011 
	               
                         
                         
                         
                         
                         
                         
                         
                         
         Private and Confidential 

	Deutsche Bank National Trust Company 
	Trust & Securities Services 
	 

	
For multi-currency financing arrangements, we may also place orders to buy/sell currencies with any of our affiliates. These transactions (for which normal and customary spreads may be earned) will be executed by such affiliates on a principal basis
solely for your account(s) and without recourse to us or any such affiliates.

C. Important Information about Procedures for Opening a New Account 

To help fight the funding of terrorism and money laundering activities, Deutsche Bank obtains, verifies, and records information that identifies individuals or entities that establish a relationship or open an account with DB. What this means: We
will ask for the name, address, tax identification number and other information that will allow us to identify the individual or entity who is establishing the relationship or opening the account. We may also ask for formation documents such as
articles of incorporation, an offering memorandum, or other identifying documents to be provided. 

..

	March 4, 2011 
	               
                         
                         
                         
                         
                         
                         
                         
                         
         Private and Confidential

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