Document:

WARRANT

     

    NEITHER
      THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR
      THE
      SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
      LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED
      (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL,
      IN A
      GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT
      OR
      (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.
      NOTWITHSTANDING THE FOREGOING, SUBJECT TO COMPLIANCE WITH APPLICABLE SECURITIES
      LAWS, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
      ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES. ANY
      TRANSFEREE OF THIS WARRANT SHOULD CAREFULLY REVIEW THE TERMS OF THIS WARRANT,
      INCLUDING SECTION 6(d) HEREOF. 

     

    GOLDEN
      AUTUMN HOLDINGS INC.

     

    WARRANT
      TO PURCHASE COMMON STOCK

     

    Warrant
      No.: 

    Date
      of
      Issuance: August 31, 2007 ("Issuance
      Date")

     

    Golden
      Autumn Holdings Inc., a Nevada corporation (the "Company"),
      hereby certifies that, for good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, Strategic
      Alliance Fund II, LP the
      registered holder hereof or its permitted assigns (the "Holder"),
      is
      entitled, subject to the terms set forth below, to purchase from the Company,
      at
      the Exercise Price (as defined below) then in effect, upon surrender of this
      Warrant to Purchase Common Stock (including any Warrants to Purchase Common
      Stock issued in exchange, transfer or replacement hereof, the "Warrant"),
      at
      any time or times on or after December 1, 2007, but not after 11:59 P.M., New
      York time, on the Expiration Date (as defined below) fully paid nonassessable
      Shares (as defined below) (the
      "Warrant
      Shares").
      Except as otherwise defined herein, capitalized terms in this Warrant shall
      have
      the meanings set forth in Section 15. This Warrant is one of the Warrants to
      purchase Shares issued pursuant to that certain Securities Purchase Agreement,
      dated as of August 31, 2007 (the “Subscription
      Date”),
      by
      and among the Company and the buyers (the "Buyers")
      referred to therein (the “SPA”). The aggregate number of Shares which may be
      purchased upon exercise of this Warrant shall be equal to 30% of the quotient
      obtained by dividing (a) the original aggregate principal amount of the Senior
      Secured Convertible Promissory Note issued to the original Holder of this
      Warrant pursuant to the SPA (the “Note”), by (b) the conversion rate set forth
      in Section 3 of the Note.

    

    
      
        
        

      

      
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    1. EXERCISE
      OF WARRANT.

     

    (a)
      Mechanics
      of Exercise.
      Subject
      to the terms and conditions hereof (including, without limitation, the
      limitations set forth in Section 1(f)), this Warrant may be exercised by the
      Holder, in whole or in part, on any day on or after the date that the number
      of
      Shares which may be purchased upon exercise of this Warrant is first
      definitively determined, by (i) delivery of a written notice, in the form
      attached hereto as Exhibit
      A
      (the
      "Exercise
      Notice"),
      of
      the Holder's election to exercise this Warrant and (ii) (A) payment to the
      Company of an amount equal to the applicable Exercise Price multiplied by the
      number of Warrant Shares as to which this Warrant is being exercised (the
      "Aggregate
      Exercise Price")
      in
      cash or by wire transfer of immediately available funds or (B) by notifying
      the
      Company that this Warrant is being exercised pursuant to a Cashless Exercise
      (as
      defined in Section 1(d)). Execution and delivery of the Exercise Notice with
      respect to less than all of the Warrant Shares shall have the same effect as
      cancellation of the original Warrant and issuance of a new Warrant evidencing
      the right to purchase the remaining number of Warrant Shares. On or before
      the
      first Business Day following the date on which the Company has received each
      of
      the Exercise Notice and the Aggregate Exercise Price (or notice of a Cashless
      Exercise) (the "Exercise
      Delivery Documents"),
      the
      Company shall transmit by facsimile an acknowledgment of confirmation of receipt
      of the Exercise Delivery Documents to the Holder and the Company's transfer
      agent (the "Transfer
      Agent").
      On or
      before the third Business Day following the date on which the Company has
      received all of the Exercise Delivery Documents (the "Share
      Delivery Date"),
      the
      Company shall (X) if legends are not required to be placed on certificates
      for
      Shares pursuant to the SPA provided that the Transfer Agent is participating
      in
      The Depository Trust Company ("DTC")
      Fast
      Automated Securities Transfer Program, and provided, further, that the Holder
      is
      eligible to receive shares through DTC, credit such aggregate number of Shares
      to which the Holder is entitled pursuant to such exercise to the Holder's or
      its
      designee's balance account with DTC through its Deposit Withdrawal Agent
      Commission System, or (Y) if the Transfer Agent is not participating in the
      DTC
      Fast Automated Securities Transfer Program or the Holder is not eligible to
      receive shares through DTC, issue and dispatch by overnight courier to the
      address as specified in the Exercise Notice, a certificate, registered in the
      Company's share register in the name of the Holder or its designee, for the
      number of Shares to which the Holder is entitled pursuant to such exercise.
      The
      Holder undertakes that whenever the Company credits securities as set forth
      in
      clause (X) of the preceding sentence, upon receipt of notice from the Company
      that the applicable registration statement is not, or no longer is, effective
      in
      respect of the resale of such securities, the Holder will not transfer such
      securities (other than (I) in connection with a transfer, wherein the Holder
      provides the Company with an opinion of counsel, in a generally acceptable
      form,
      to the effect that such transfer may be made without registration under the
      applicable requirements of the 1933 Act, or (II) the Holder provides the Company
      with reasonable assurances that the transfer may be effected pursuant to Rule
      144 or Rule 144A) until the Company notifies the Holder that the applicable
      registration statement becomes effective (again). Upon delivery of the Exercise
      Delivery Documents or notification to the Company of a Cashless Exercise
      referred to in Section 1(d), the Holder shall be deemed for all corporate
      purposes to have become the holder of record of the Warrant Shares in respect
      of
      which this Warrant has been exercised, irrespective of the date such Warrant
      Shares are credited to the Holder's DTC account or the date of delivery of
      the
      certificates evidencing such Warrant Shares, as the case may be. If this Warrant
      is submitted in connection with any exercise pursuant to this Section 1(a)
      and
      the number of Warrant Shares represented by this Warrant submitted for exercise
      is greater than the number of Warrant Shares being acquired upon an exercise,
      then the Company shall as soon as practicable and in no event later than three
      (3) Business Days after any exercise (the "Warrant
      Delivery Date")
      and at
      its own expense, issue a new Warrant (in accordance with Section 6(d))
      representing the right to purchase the number of Warrant Shares purchasable
      immediately prior to such exercise under this Warrant, less the number of
      Warrant Shares in respect of which this Warrant is exercised. No fractional
      Shares are to be issued upon the exercise of this Warrant, but rather the number
      of Shares to be issued shall be rounded up to the nearest whole number. The
      Company shall pay any and all taxes, including without limitation, all
      documentary stamp, transfer or similar taxes, or other incidental expense that
      may be payable with respect to the issuance and delivery of Warrant Shares
      upon
      exercise of this Warrant.

     

    
      
        
        

      

      
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    (b)
      Exercise
      Price.
      For
      purposes of this Warrant, "Exercise
      Price"
      means
      the price per Share paid by investors in the Financing (as such term is defined
      in the SPA), as adjusted as provided herein, provided however in the event
      that
      the Financing has not taken place by November 30, 2007, the Exercise Price
      shall
      be $1.00 per Share, subject to adjustment as provide herein. 

     

    (c) Company's
      Failure to Timely Deliver Securities.
      If
      within three (3) Trading Days after the Company's receipt of the facsimile
      copy
      of Exercise Delivery Documents, the Company fails to (x) issue and deliver
      a
      certificate for that number of Shares to which the Holder is entitled and
      register such Shares on the Company's share register or to credit the Holder's
      balance account with DTC for the number of Shares to which the Holder is
      entitled upon such Holder's exercise of this Warrant or (y) issue and deliver
      to
      the Holder by the Warrant Delivery Date a new Warrant for the number of Shares
      to which such Holder is entitled pursuant to Section 2(a) hereof, and if on
      or
      after such Trading Day the Holder purchases (in an open market transaction
      or
      otherwise) Shares to deliver in satisfaction of a sale by the Holder of Shares
      issuable upon such exercise that the Holder anticipated receiving from the
      Company (a "Buy-In"),
      then
      the Company shall, within three (3) Business Days after the Holder's request
      and
      in the Holder's discretion, either (i) pay cash to the Holder in an amount
      equal
      to the Holder's total purchase price (including brokerage commissions, if any)
      for the Shares so purchased (the "Buy-In
      Price"),
      at
      which point the Company's obligation to deliver such certificate (and to issue
      such Shares) shall terminate, or (ii) promptly honor its obligation to deliver
      to the Holder a certificate or certificates representing such Shares or if
      legends are not required to be placed on certificates for Shares pursuant to
      the
      SPA provided that the Transfer Agent is participating in DTC Fast Automated
      Securities Transfer Program, upon the request of the Holder, credit such
      aggregate number of Warrant Shares to which the Holder is entitled pursuant
      to
      such exercise to the Holder's or its designee's balance account with DTC through
      its Deposit Withdrawal Agent Commission system and pay cash to the Holder in
      an
      amount equal to the excess (if any) of the Buy-In Price over the product of
      (A)
      such number of Shares, times (B) the Closing Bid Price on the date of
      exercise.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (d)
      Cashless
      Exercise.
       Notwithstanding
      anything contained herein to the contrary, if within 210 days of the Issuance
      Date a Registration Statement (as defined in the Registration Rights Agreement)
      covering the Warrant Shares that are the subject of the Exercise Notice (the
      "Unavailable
      Warrant Shares")
      is not
      available for the resale of such Unavailable Warrant Shares, the Holder may,
      in
      its sole discretion, exercise this Warrant in whole or in part and, in lieu
      of
      making the cash payment otherwise contemplated to be made to the Company upon
      such exercise in payment of the Aggregate Exercise Price, elect instead to
      receive upon such exercise the "Net Number" of Shares determined according
      to
      the following formula (a "Cashless
      Exercise"):

     

    Net
      Number = (A
      x
      B) - (A x C)

                         
      B

     

    For
      purposes of the foregoing formula:

     

    A=
      the
      total number of Shares in respect of which this Warrant is then being
      exercised.

     

    B=
      the
      Closing Sale Price of the Shares (as reported by Bloomberg) on the Trading
      Day
      immediately preceding the date of the Exercise Notice.

     

    C=
      the
      Exercise Price then in effect for the applicable Warrant Shares at the time
      of
      such exercise.

     

    (e)
      Disputes.
      In the
      case of a dispute as to the determination of the Exercise Price or the
      arithmetic calculation of the Warrant Shares, the Company shall promptly issue
      to the Holder the number of Warrant Shares that are not disputed and resolve
      such dispute in accordance with Section 12.

     

    2. ADJUSTMENT
      OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES.
      The
      Exercise Price and the number of Warrant Shares shall be adjusted from time
      to
      time as follows: 

     

    (a)
       If
      the
      Company shall issue any Additional Stock (as hereinafter defined) without
      consideration or for a consideration per share less than the Exercise Price
      in
      effect immediately prior to the issuance of such Additional Stock, the Exercise
      Price in effect immediately prior to each such issuance shall forthwith (except
      as otherwise provided in this Section 2) be adjusted to a price equal to the
      price paid per share for such Additional Stock.

     

    (i)
      No
      adjustment of the Exercise Price shall be made in an amount less than one cent
      per share, provided,
      however,
      that
      any adjustments that are not required to be made by reason of this sentence
      shall be carried forward and shall be either taken into account in any
      subsequent adjustment made prior to three (3) years from the date of the event
      giving rise to the adjustment being carried forward, or shall be made at the
      end
      of three (3) years from the date of the event giving rise to the adjustment
      being carried forward. 

     

    (ii) In
      the
      case of the issuance of Additional Stock for cash, the consideration shall
      be
      deemed to be the amount of cash paid therefor before deducting any reasonable
      discounts, commissions or other expenses allowed, paid or incurred by the
      Company for any underwriting or otherwise in connection with the issuance and
      sale thereof.

     

    
      
        
        

      

      
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    (iii) In
      the
      case of the issuance of the Additional Stock for a consideration in whole or
      in
      part other than cash, the consideration other than cash shall be deemed to
      be
      the fair value thereof as determined by the Board of Directors of the Company
      in
      good faith.

     

    (iv)
       “Additional
      Stock” shall mean any Shares issued by the Company after other
      than:

     

    (A) shares
      of
      Common Stock issued or deemed issued to employees, consultants, directors or
      officer, or pursuant to a stock option plan or restricted stock purchase plan
      approved by the stockholders and Board of Directors of the Company;
      or

     

    (B) Shares
      issued pursuant to the conversion or exercise of convertible or exercisable
      securities outstanding as of the date hereof; 

     

    (C)
       Any
      Shares issued pursuant to the Financing.

     

    (v)
      In
      the event the Company should at any time or from time to time fix a record
      date
      for the effectuation of a split or subdivision of the outstanding Shares or
      the
      determination of holders of Shares entitled to receive a dividend or other
      distribution payable in additional Shares or other securities or rights
      convertible into, or entitling the holder thereof to receive directly or
      indirectly, additional Shares (hereinafter referred to as “Common Stock
      Equivalents”) without payment of any consideration by such holder for the
      additional Shares or the Common Stock Equivalents (including the additional
      Shares of Common Stock issuable upon conversion or exercise thereof), then,
      as
      of such record date (or the date of such dividend distribution, split or
      subdivision if no record date is fixed), the Exercise Price shall be
      appropriately decreased so that the number of Shares issuable on exercise of
      this Warrant shall be increased in proportion to such increase in the aggregate
      number of Shares outstanding and those issuable with respect to such Common
      Stock Equivalents.

     

    (vi)
      If
      the number of Shares outstanding at any time is decreased by a combination
      of
      the outstanding Shares, then, following the record date of such combination,
      the
      Exercise Price shall be appropriately increased so that the number of Shares
      issuable on exercise of this Warrant shall be decreased in proportion to such
      decrease in outstanding Shares.

     

    (b) Recapitalizations.
      If at
      any time or from time to time there shall be a recapitalization of the Shares
      (other than a subdivision, combination or merger or sale of assets transaction
      provided for elsewhere in this Section 2) provision shall be made so that the
      holder of this Warrant shall thereafter be entitled to receive upon exercise
      of
      this Warrant the number of shares of stock or other securities or property
      of
      the Company or otherwise, to which a holder of the number of Shares deliverable
      upon exercise of this Warrant held by such holder would have been entitled
      on
      such recapitalization. 

     

    (c) No
      Impairment.
      The
      Company will not, by amendment of its Certificate of Incorporation or through
      any reorganization, recapitalization, transfer of assets, consolidation, merger,
      dissolution, issue or sale of securities or any other voluntary action, avoid
      or
      seek to avoid the observance or performance of any of the terms to be observed
      or performed hereunder by the Company, but will at all times in good faith
      assist in the carrying out of all the provisions of this Section 2 and in
      the taking of all such action as may be necessary or appropriate in order to
      protect the rights of the holders of Warrants against impairment.

     

    
      
        
        

      

      
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    (d) No
      Fractional Shares and Certificate as to Adjustments,

     

    (i) No
      fractional shares shall be issued upon the exercise of this Warrant. In lieu
      of
      any fractional shares to which the holder would otherwise be entitled, the
      Company shall pay cash equal to such fraction multiplied by the then fair market
      value of a Share as determined in good faith by the Board of Directors.

     

    (ii) Upon
      the
      occurrence of each adjustment or readjustment of the Exercise Price pursuant
      to
      this Section 2, the Company, at its expense, shall promptly compute such
      adjustment or readjustment in accordance with the terms hereof and prepare
      and
      furnish to each holder of Warrants a certificate setting forth such adjustment
      or readjustment and showing in detail the facts upon which such adjustment
      or
      readjustment is based. The Company shall, upon the written request at any time
      of any holder of a Warrants, furnish or cause to be furnished to such holder
      a
      like certificate setting forth (A) such adjustment and readjustment, (B) the
      Exercise Price at the time in effect, and (C) the number of Shares and the
      amount, if any, of other property that at the time would be received upon the
      exercise of this Warrant. 

     

    (e) If
      any
      action or transaction would require adjustment of the Exercise Price pursuant
      to
      more than one subsection of this Section 2, only one adjustment shall be made,
      and such adjustment shall be the amount of adjustment that results in the lowest
      Exercise Price.

     

    3. FUNDAMENTAL
      TRANSACTIONS.

     

    If,
      at
      any time while this Warrant is outstanding there is a Fundamental Transaction,
      then upon the subsequent exercise of this Warrant, the Holder shall have the
      right thereafter to receive, upon exercise of this Warrant, the same amount
      and
      kind of securities, cash or property as it would have been entitled to receive
      upon the occurrence of such Fundamental Transaction if it had been, immediately
      prior to such Fundamental Transaction, the holder of the number of Warrant
      Shares then issuable upon exercise in full of this Warrant (the "Alternate
      Consideration").
      For
      purposes of any such exercise, the determination of the Exercise Price shall
      be
      appropriately adjusted to apply to such Alternate Consideration based on the
      amount of Alternate Consideration issuable in respect of one Share in such
      Fundamental Transaction, and the Company shall apportion the Exercise Price
      among the Alternate Consideration in a reasonable manner reflecting the relative
      value of any different components of the Alternate Consideration. If holders
      of
      Shares are given any choice as to the securities, cash or property to be
      received in a Fundamental Transaction, then the Holder shall be given the same
      choice as to the Alternate Consideration it receives upon any exercise of this
      Warrant following such Fundamental Transaction. To the extent necessary to
      effectuate the foregoing provisions, any successor to the Company or surviving
      entity in such Fundamental Transaction shall issue to the Holder a new warrant
      consistent with the foregoing provisions and evidencing the Holder’s right to
      exercise such warrant into Alternate Consideration. The terms of any agreement
      pursuant to which a Fundamental Transaction is effected shall include terms
      requiring any such successor or surviving entity to comply with the provisions
      of this paragraph (b) and insuring that the Warrant (or any such replacement
      security) will be similarly adjusted upon any subsequent transaction analogous
      to a Fundamental Transaction.

     

    
      
        
        

      

      
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    4.
      WARRANT HOLDER NOT DEEMED A STOCKHOLDER.
      Except
      as otherwise specifically provided herein, the Holder, solely in such Person's
      capacity as a holder of this Warrant, shall not be entitled to vote or receive
      dividends or be deemed the holder of share capital of the Company for any
      purpose, nor shall anything contained in this Warrant be construed to confer
      upon the Holder, solely in such Person's capacity as the Holder of this Warrant,
      any of the rights of a stockholder of the Company or any right to vote, give
      or
      withhold consent to any corporate action (whether any reorganization, issue
      of
      stock, reclassification of stock, consolidation, merger, conveyance or
      otherwise), receive notice of meetings, receive dividends or subscription
      rights, or otherwise, prior to the issuance to the Holder of the Warrant Shares
      which such Person is then entitled to receive upon the due exercise of this
      Warrant. In addition, nothing contained in this Warrant shall be construed
      as
      imposing any liabilities on the Holder to purchase any securities (upon exercise
      of this Warrant or otherwise) or as a stockholder of the Company, whether such
      liabilities are asserted by the Company or by creditors of the Company.

     

    5.
      REISSUANCE
      OF WARRANTS.

     

    (a)
      Transfer
      of Warrant.
      

     

    (i)
      The
      Company shall maintain at its principal executive offices (or such other office
      or agency of the Company as it may designate by notice to the Holder), a
      register for this Warrant, in which the Company shall record the name and
      address of the person in whose name this Warrant has been issued, as well as
      the
      name and address of each transferee. The Company may treat the person in whose
      name any Warrant is registered on the register as the owner and Holder thereof
      for all purposes, notwithstanding any notice to the contrary, but in all events
      recognizing any transfers made in accordance with the terms of this
      Warrant.

     

    (ii)
      The
      Holder may assign or transfer some or all of its rights hereunder, subject
      to
      compliance with the 1933 Act and the provisions of Section 2 of the SPA
      without the consent of the Company. The Company is obligated to register the
      Warrant Shares for resale under the 1933 Act pursuant to the Registration Rights
      Agreement. If
      at the
      time of the surrender
      of this Warrant in connection with any transfer of this Warrant, the transfer
      of
      this Warrant shall not be registered pursuant to an effective registration statement
      under the Securities Act
      and
under
      applicable state securities or blue sky laws, the Company may require, as a
      condition of allowing such transfer, that (i) the Holder or transferee of this
      Warrant, as the case may be, furnish to the Company a written opinion of counsel
      (which opinion shall be in form, substance and scope customary for opinions
      of
      counsel in comparable transactions) to the effect that such transfer may be
      made
      without
      registration under
      the
      Securities Act and under applicable state securities or blue sky laws, and
      (ii)
      the Holder or transferee execute and deliver to the Company an investment letter
      in form and substance acceptable to the Company, and (iii) the transferee be
      an
“accredited
      investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7), or (a)(8)
      promulgated under the Securities Act or a “qualified institutional buyer” as
      defined in Rule 144A(a) promulgated under the Securities Act of 1933, as
      amended.

     

    
      
        
        

      

      
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    (b)
      Lost,
      Stolen or Mutilated Warrant.
      Upon
      receipt by the Company of evidence reasonably satisfactory to the Company of
      the
      loss, theft, destruction or mutilation of this Warrant, and, in the case of
      loss, theft or destruction, of any indemnification undertaking by the Holder
      to
      the Company in customary form and, in the case of mutilation, upon surrender
      and
      cancellation of this Warrant, the Company shall execute and deliver to the
      Holder a new Warrant representing the right to purchase the Warrant Shares
      then
      underlying this Warrant.

     

    (c)
      Exchangeable
      for Multiple Warrants.
      This
      Warrant is exchangeable, upon the surrender hereof by the Holder at the
      principal office of the Company, for a new Warrant or Warrants representing
      in
      the aggregate the right to purchase the number of Warrant Shares then underlying
      this Warrant, and each such new Warrant will represent the right to purchase
      such portion of such Warrant Shares as is designated by the Holder at the time
      of such surrender; provided,
      however,
      that no
      Warrants for fractional Shares shall be given.

     

    (d)
      Book
      Entry.
      Notwithstanding anything to the contrary set forth herein, upon exercise of
      this
      Warrant in accordance with the terms hereof, the Holder shall not be required
      to
      physically surrender this Warrant to the Company unless it is being exercised
      for all of the Warrant Shares represented by the Warrant. The Holder and the
      Company shall each maintain records showing the number of Warrant Shares
      exercised and issued and the dates of such exercises or shall use such other
      method, reasonably satisfactory to the other, so as not to require physical
      surrender of this Warrant upon each such exercise. In the event the Company
      disputes such records of the Holder, the terms and provisions of Section 11
      hereof shall apply. Notwithstanding the foregoing, if this Warrant is exercised
      as aforesaid, the Holder may not transfer this Warrant unless the holder first
      physically surrenders this Warrant to the Company, whereupon the Company will
      forthwith issue and deliver upon the order of the Holder a new Warrant of like
      tenor, registered as the Holder may request, representing in the aggregate
      the
      remaining number of Warrant Shares represented by this Warrant. The Holder
      and
      any assignee, by acceptance of this Warrant, acknowledge and agree that, by
      reason of the provisions of this paragraph, following exercises of any portion
      of this Warrant, the number of Warrant Shares represented by this Warrant may
      be
      less than the number stated on the face hereof. 

     

    7.
      NOTICES.
      Any
      notices, consents, waivers or other communications required or permitted to
      be
      given under the terms of this Warrant must be in writing and will be deemed
      to
      have been delivered: (i) upon receipt, when delivered personally; (ii) upon
      receipt, when sent by facsimile (provided confirmation of transmission is
      mechanically or electronically generated and kept on file by the sending party);
      or (iii) one (1) Business Day after deposit with a nationally recognized
      overnight delivery service, in each case properly addressed to the party to
      receive the same. The addresses and facsimile numbers for such communications
      shall be:

     

    If
      to the
      Company:

     

    Golden
      Autumn Holdings Inc.

    Attention:
      Mr. Charles Y. Fu, Vice Chairman & President

    15455
      Dallas Pkwy, 6th
      Floor
      Dallas, TX 75001

     Charles.Fu@GoldenAutumn.us

     

    
      
        
        

      

      
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    With
      a
      copy to:

    

    Gregory
      Sichenzia, Esq. 

    Sichenzia
      Ross Friedman Ference LLP

    61
      Broadway

    New
      York,
      New York 10006

    Fax
      (212)
      930-9725

    Email:
      gsichenzia@srff.com

     

    If
      to a
      Holder of this Warrant, to it at the address and facsimile number set forth
      on
      the Schedule of Buyers to the SPA with copies to such holder’s representatives
      as set forth on such Schedule of Buyers, or, in the case of the holder or any
      other Person named above, at such other address and/or facsimile number and/or
      to the attention of such other person as the recipient party has specified
      by
      written notice to the other party in accordance with this Section 6 at
      least five (5) Business Days prior to the effectiveness of such change. Written
      confirmation of receipt (A) given by the recipient of such notice, consent,
      waiver or other communication, (B) mechanically or electronically generated
      by
      the sender’s facsimile machine containing the time, date, recipient facsimile
      number and an image of the first page of such transmission or (C) provided
      by a nationally recognized overnight delivery service shall be rebuttable
      evidence of personal service, receipt by facsimile or deposit with a nationally
      recognized overnight delivery service in accordance with clause (i), (ii)
      or (iii) above, respectively.

     

    8.
      AMENDMENT AND WAIVER.
      Except
      as otherwise provided herein, the provisions of this Warrant may be amended
      and
      the Company may take any action herein prohibited, or omit to perform any act
      herein required to be performed by it, only if the Company has obtained the
      written consent of the Required Holders; provided that no such action may
      increase the exercise price of any Warrant or decrease the number of shares
      or
      class of stock obtainable upon exercise of any Warrant without the written
      consent of the Holder. No such amendment shall be effective to the extent that
      it applies to less than all of the holders of the Warrants then outstanding.
      No
      consideration shall be offered or paid to any Person to amend or consent to
      a
      waiver or modification of any provision of this Warrant unless the same
      consideration also is offered to all of the Holders of the Warrants.

     

    9.
      GOVERNING LAW; JURISDICTION.
      This
      Warrant shall be governed by and construed and enforced in accordance with,
      and
      all questions concerning the construction, validity, interpretation and
      performance of this Warrant shall be governed by, the internal laws of the
      State
      of New York, without giving effect to any choice of law or conflict of law
      provision or rule (whether of the State of New York or any other jurisdictions)
      that would cause the application of the laws of any jurisdictions other than
      the
      State of New York. Each party hereby irrevocably submits to the exclusive
      jurisdiction of the state and federal courts sitting in The City of New York,
      Borough of Manhattan, for the adjudication of any dispute hereunder or in
      connection herewith or with any transaction contemplated hereby or discussed
      herein, and hereby irrevocably waives, and agrees not to assert in any suit,
      action or proceeding, any claim that it is not personally subject to the
      jurisdiction of any such court, that such suit, action or proceeding is brought
      in an inconvenient forum or that the venue of such suit, action or proceeding
      is
      improper. Each party hereby irrevocably waives personal service of process
      and
      consents to process being served in any such suit, action or proceeding by
      mailing a copy thereof to such party at the address for such notices to it
      under
      this Warrant and agrees that such service shall constitute good and sufficient
      service of process and notice thereof. Nothing contained herein shall be deemed
      to limit in any way any right to serve process in any manner permitted by
      law.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    10.CONSTRUCTION;
      HEADINGS.
      This
      Warrant shall be deemed to be jointly drafted by the Company and all the Buyers
      and shall not be construed against any person as the drafter hereof. The
      headings of this Warrant are for convenience of reference and shall not form
      part of, or affect the interpretation of, this Warrant.

     

    11.SEVERABILITY.
      If any
      provision of this Warrant or the application thereof becomes or is declared
      by a
      court of competent jurisdiction to be illegal, void or unenforceable, the
      remainder of the terms of this Warrant will continue in full force and effect.
      

     

    12.
      DISPUTE RESOLUTION.
      In the
      case of a dispute as to the determination of the Exercise Price or the
      arithmetic calculation of the Warrant Shares, the Company shall submit the
      disputed determinations or arithmetic calculations via facsimile within two
      Business Days of receipt of the Exercise Notice giving rise to such dispute,
      as
      the case may be, to the Holder. If the Holder and the Company are unable to
      agree upon such determination or calculation of the Exercise Price or the
      Warrant Shares within three Business Days of such disputed determination or
      arithmetic calculation being submitted to the Holder, then the Company shall,
      promptly, and in any event within two (2) Business Days submit via facsimile
      (a)
      the disputed determination of the Exercise Price to an independent, reputable
      investment bank agreed to by the Company and the Holder or (b) the disputed
      arithmetic calculation of the Warrant Shares to the Company's independent,
      outside accountant. The Company shall cause at its expense the investment bank
      or the accountant, as the case may be, to perform the determinations or
      calculations and notify the Company and the Holder of the results no later
      than
      five (5) Business Days from the time it receives the disputed determinations
      or
      calculations. If such investment bank or accountant agrees with the Company’s
      determination or calculations (as the case may be), then the Holder shall
      reimburse the Company for the expense it incurred to cause the investment
      bank/accountant to perform such determination or calculation (the “Evaluation
      Expense”).
      If
      Exercise Price or the Warrant Shares as determined or calculated (as the case
      may be) by such investment bank or accountant (the “Third
      Party Determination”)
      falls
      in between the Exercise Price or Warrant Shares as determined or calculated
      (as
      the case may be) by the Company (the “Company
      Determination”)
      and
      the Exercise Price or the Warrant Shares as determined or calculated (as the
      case may be) by the Holder (the “Holder
      Determination”),
      then
      the Holder shall reimburse the Company for a fraction of the Evaluation Expense
      of which the denominator shall be the absolute difference between the Company
      Determination and the Holder Determination and of which the numerator shall
      be
      the absolute difference between the Holder Determination and the Third Party
      Determination.  If the Third Party Determination of the Exercise Price is
      greater than the Company Determination of the Exercise Price or the Third Party
      Determination of the number of Warrant Shares is less than the Company
      Determination of the Warrant Shares, then the Holder shall reimburse the Company
      for the entire Evaluation Expense. If the Third Party Determination of the
      Exercise Price is lower than the Holder Determination of the Exercise Price
      or
      the Third Party Determination of the number of Warrant Shares is greater than
      the Holder Determination of the number of Warrant Shares, then the Holder shall
      not reimburse the Company for any Evaluation Expense. Such investment bank's
      or
      accountant's determination or calculation, as the case may be, shall be binding
      upon all parties absent demonstrable error. 

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    13.
      REMEDIES, OTHER OBLIGATIONS, BREACHES AND INJUNCTIVE RELIEF.
      The
      remedies provided in this Warrant shall be cumulative and in addition to all
      other remedies available under this Warrant and the other Transaction Documents,
      at law or in equity (including a decree of specific performance and/or other
      injunctive relief), and nothing herein shall limit the right of the Holder
      to
      pursue actual damages for any failure by the Company to comply with the terms
      of
      this Warrant. The Company acknowledges that a breach by it of its obligations
      hereunder will cause irreparable harm to the Holder and that the remedy at
      law
      for any such breach may be inadequate. The Company therefore agrees that, in
      the
      event of any such breach or threatened breach, the holder of this Warrant shall
      be entitled, in addition to all other available remedies, to an injunction
      restraining any breach, without the necessity of showing economic loss and
      without any bond or other security being required. 

     

    14.
      NOTICE OF CERTAIN EVENTS.
      The
      Company will give written notice to the Holder of this Warrant at least ten
      (10)
      Business Days prior to the date on which the Company closes its books or takes
      a
      record (A) with respect to any dividend or distribution upon the Common Stock,
      (B) with respect to any pro rata subscription offer to Holders of Shares or
      (C)
      for determining rights to vote in respect of any Fundamental Transaction,
      dissolution or liquidation, provided that such information shall be made known
      to the public prior to or in conjunction with such notice being provided to
      such
      Holder to the extent it is material non-public information. The Company will
      also give written notice to the Holder of this Warrant at least ten (10)
      Business Days prior to the date on which any Fundamental Transaction,
      dissolution or liquidation will take place, provided that such information
      shall
      be made known to the public prior to or in conjunction with such notice being
      provided to such Holder to the extent it is material non-public
      information.

     

    15.CERTAIN
      DEFINITIONS. For purposes of this Warrant, the following terms shall have the
      following meanings: 

     

    (i)
      "Bloomberg"
      means
      Bloomberg Financial Markets.

     

    (ii) "Business
      Day"
      means
      any day other than Saturday, Sunday or other day on which commercial banks
      in
      The City of New York are authorized or required by law to remain
      closed.

     

    (iii) "Closing
      Bid Price"
      and
      "Closing
      Sale Price"
      means,
      for any security as of any date, the last closing bid price and last closing
      trade price, respectively, for such security on the Principal Market, as
      reported by Bloomberg, or, if the Principal Market begins to operate on an
      extended hours basis and does not designate the closing bid price or the closing
      trade price, as the case may be, then the last bid price or last trade price,
      respectively, of such security prior to 4:00:00 p.m., New York time, as reported
      by Bloomberg, or, if the Principal Market is not the principal securities
      exchange or trading market for such security, the last closing bid price or
      last
      trade price, respectively, of such security on the principal securities exchange
      or trading market where such security is listed or traded as reported by
      Bloomberg, or if the foregoing do not apply, the last closing bid price or
      last
      trade price, respectively, of such security in the over-the-counter market
      on
      the electronic bulletin board for such security as reported by Bloomberg, or,
      if
      no closing bid price or last trade price, respectively, is reported for such
      security by Bloomberg, the average of the bid prices, or the ask prices,
      respectively, of any market makers for such security as reported in the "pink
      sheets" by Pink Sheets LLC (formerly the National Quotation Bureau, Inc.).
      If
      the Closing Bid Price or the Closing Sale Price cannot be calculated for a
      security on a particular date on any of the foregoing bases, the Closing Bid
      Price or the Closing Sale Price, as the case may be, of such security on such
      date shall be the fair market value as mutually determined by the Company and
      the Holder. If the Company and the Holder are unable to agree upon the fair
      market value of such security, then such dispute shall be resolved pursuant
      to
      Section 12. All such determinations to be appropriately adjusted for any stock
      dividend, stock split, stock combination or other similar transaction during
      the
      applicable calculation period.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (iv)
      "Convertible
      Securities"
      means
      any stock or securities (other than Options) directly or indirectly convertible
      into or exercisable or exchangeable for Shares.

     

    (v) "Eligible
      Market"
      means
      the OTC Bulletin Board, The New York Stock Exchange, Inc., the American Stock
      Exchange, The NASDAQ Global Select Market, The NASDAQ Global Market or The
      NASDAQ Capital Market.

     

    (vi) "Expiration
      Date"
      means
      the date that is thirty-six months after the Issuance Date; provided that if
      such date falls on a day other than a Business Day or on which trading does
      not
      take place on the applicable Eligible Market (a "Holiday"),
      the
      next date that is not a Holiday.

     

    (vii) "Fundamental
      Transaction"
      means
      that the Company shall, directly or indirectly, in one or more related
      transactions effected after the Issuance Date, (i) consolidate or merge with
      or
      into (whether or not the Company is the surviving corporation) another Person,
      or (ii) sell, assign, transfer, convey or otherwise dispose of all or
      substantially all of the properties or assets of the Company to another Person,
      or (iii) be the subject of a purchase, tender or exchange offer by another
      Person that is accepted by the holders of more than 50% of the outstanding
      shares of Voting Shares (not including any shares of Voting Shares held by
      the
      Person or Persons making or party to, or associated or affiliated with the
      Persons making or party to, such purchase, tender or exchange offer), or (iv)
      consummate a stock purchase agreement or other business combination (including,
      without limitation, a reorganization, recapitalization, spin-off or scheme
      of
      arrangement) with another Person whereby such other Person acquires more than
      the 50% of the outstanding Shares (not including any Shares held by the other
      Person or other Persons making or party to, or associated or affiliated with
      the
      other Persons making or party to, such stock purchase agreement or other
      business combination), or (v) reclassify or change the outstanding Shares (other
      than a change in par value, or from par value to no par value, or from no par
      value to par value, or as a result of a subdivision or combination), or (vi)
      any
      "person" or "group" (as these terms are used for purposes of Sections 13(d)
      and
      14(d) of the Exchange Act) is or shall become the "beneficial owner" (as defined
      in Rule 13d-3 under the Exchange Act), directly or indirectly, of 50% of the
      aggregate ordinary voting power represented by issued and outstanding Shares.
      Notwithstanding anything to the contrary herein, the Financing or any shares
      issued in connection with the Financing shall not be considered a Fundamental
      Transaction. 

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (viii)
       "Options"
      means
      any rights, warrants or options to subscribe for or purchase Shares or
Convertible Securities.

     

    (ix) "Shares"
      means
      (i) the Company's Common Stock, par value $0.001 per share, and
      (ii) any share capital into which such Shares shall have been changed or
      any share capital resulting from a reclassification of such Shares.

     

    (x)
      "Parent
      Entity"
      of a
      Person means an entity that, directly or indirectly, controls the applicable
      Person and whose common stock or equivalent equity security is quoted or listed
      on an Eligible Market, or, if there is more than one such Person or Parent
      Entity, the Person or Parent Entity with the largest public market
      capitalization as of the date of consummation of the Fundamental
      Transaction.

     

    (xi) "Person"
      means
      an individual, a limited liability company, a partnership, a joint venture,
      a
      corporation, a trust, an unincorporated organization, any other entity and
      a
      government or any department or agency thereof.

     

    (xii) "Principal
      Market"
      means,
      from time to time, the Eligible Market upon which the Common Stock is admitted
      or listed and principally trades.

     

    (xiii) "Registration
      Rights Agreement"
      means
      that certain registration rights agreement by and among the Company and the
      Buyers.

     

    (xiv)
      "Required
      Holders"
      means
      the holders of the Warrants representing at least a majority of Shares issuable
      upon exercise of the Warrants then outstanding (without regard to any
      limitations on exercise thereof); provided, that any Warrant that is held by
      an
      Affiliate of the Company shall not be deemed to be outstanding for purposes
      of
      the determination of “Required Holders.”

     

    (xv)  “Subscription
      Date”
means
      August 31, 2007.

     

    (xvi)
      "Successor
      Entity"
      means
      the Person (or, if so elected by the Required Holders, the Parent Entity) formed
      by, resulting from or surviving any Fundamental Transaction or the Person (or,
      if so elected by the Required Holders, the Parent Entity) with which such
      Fundamental Transaction shall have been entered into.

     

    (xvii)
      "Trading
      Day"
      means
      any day on which trading the Shares is reported on the Eligible Market that
      is
      the principal securities exchange or securities market on which the Shares
      are
      then traded; provided that "Trading Day" shall not include any day on which
      the
      Shares are scheduled to trade on such exchange or market for less than 4.5
      hours
      or any day that the Shares are suspended from trading during the final hour
      of
      trading on such exchange or market (or if such exchange or market does not
      designate in advance the closing time of trading on such exchange or market,
      then during the hour ending at 4:00:00 p.m., New York Time).

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    (xviii)
      "Voting
      Shares"
      of a
      Person means capital stock of such Person of the class or classes pursuant
      to
      which the holders thereof have the general voting power to elect, or the general
      power to appoint, at least a majority of the board of directors, managers or
      trustees of such Person (irrespective of whether or not at the time capital
      stock of any other class or classes shall have or might have voting power by
      reason of the happening of any contingency).

     

    [Signature
      Page Follows]

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      Company has caused this Warrant to Purchase Shares to be duly executed as of
      the
      Issuance Date set out above.

     

    
      	 	
              GOLDEN
                AUTUMN HOLDINGS INC.

            
	 	 	 
	 	By:	/s/Charles
              Fu
	 	Name:
               Charles Fu
	
            	Title:   
              President

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    EXERCISE
      NOTICE

     

    TO
      BE EXECUTED BY THE REGISTERED HOLDER TO EXERCISE THIS

    WARRANT
      TO PURCHASE COMMON STOCK

    

    GOLDEN
      AUTUMN HOLDINGS INC.

    The
      undersigned holder hereby exercises the right to purchase _________________
      of
      the Shares of Golden Autumn Holdings Inc. (the “Shares”),
      a
      Nevada corporation (the "Company"),
      pursuant to the Warrant to Purchase Shares (Warrant No: ______________) (as
      adjusted by all the partial exercises thereof prior to the date hereof, the
      "Warrant".
      The
      total number of Shares issuable upon exercise of the Warrant, the “Warrant
      Shares”).
      Capitalized terms used herein and not otherwise defined shall have the
      respective meanings set forth in the Warrant.

    

    1.
      Form
      of Exercise Price. The Holder intends that payment of the Exercise Price shall
      be made as:

    

    ___________ a
      "Cash
      Exercise" in respect of ___________ Warrant Shares; and/or

    

    When
      available pursuant to the terms of the Warrant, ___________ a
      "Cashless Exercise" in respect of ___________ Warrant Shares. 

    

    2.
      Cash
      Exercise. In the event that the holder has elected a Cash Exercise in respect
      of
      some or all of the Warrant Shares to be issued pursuant hereto, the undersigned
      holder hereby exercises the right to purchase _________________ of the Shares
      ("Warrant
      Shares")
      of
      Golden Autumn Holdings Inc., a Nevada corporation (the "Company"),
      evidenced by the attached Warrant to Purchase Shares (the "Warrant").
      Capitalized terms used herein and not otherwise defined shall have the
      respective meanings set forth in the Warrant.

    

    3.
      Payment of Exercise Price. The holder shall pay the Aggregate Exercise Price
      in
      the sum of $___________________ to the Company in accordance with the terms
      of
      the Warrant.

    

    4.
      Delivery of Warrant Shares. The Company shall deliver to the holder __________
      Warrant Shares in accordance with the terms of the Warrant.

    

    Issue
      to:
      __________________________________________________

     

    Address:
      __________________________________________________

     

    Facsimile
      Number: __________________________________________

     

    Authorization:
      ______________________

     

    By:
      _______________________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Title:
      ______________________________

     

    Dated:
      _____________________________

     

    DTC
      Participant Number and Name (if electronic book entry transfer):
      ________________

     

    Account
      Number (if electronic book entry transfer):
      ______________________________

     

    The
      undersigned holder hereby acknowledges that the execution and delivery of this
      Exercise Notice with respect to less than all of Warrant Shares shall have
      the
      same effect as cancellation of the Warrant and issuance of a new warrant
      evidencing the right to purchase the remaining number of Warrant Shares.

     

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

    ACKNOWLEDGMENT

     

    The
      Company hereby acknowledges this Exercise Notice and hereby directs
      ________________________________ to issue the above indicated number of Shares
      in accordance with the Transfer Agent Instructions dated ____________________,
      2007 from the Company and acknowledged and agreed to by
      ______________________________ 

    

    
      	 	GOLDEN
              AUTUMN HOLDINGS INC.
	 	
            	
               

            
	 	
              By:

            	
               

            
	 	 	
                  Name:

            
	 	 	
                  Title:

            

    

     

    
      
        
        

      

      
        -
          3
          -REGISTRATION
      RIGHTS AGREEMENT

     

    REGISTRATION
      RIGHTS AGREEMENT
      (this
      "Agreement"),
      dated
      as of August 31, 2007, by and among Golden Autumn Holdings Inc., a Nevada
      corporation (the "Company"),
      and
      the undersigned Buyers (as defined below).

     

    WHEREAS:

     

    A. In
      connection with the Securities Purchase Agreement, dated as of August 31, 2007
      by and among the Company and each of the parties signatory thereto (the
      "SPA"),
      the
      Company has agreed, upon the terms and subject to the conditions set forth
      in
      the SPA, to issue and sell to the Buyers (i) senior secured convertible notes
      of
      the Company (the "Notes"),
      which
      will, among other things, be convertible into shares of Common Stock, par value
      $.001 per share, of the Company (the "Shares"
      and the
      Shares issuable upon conversion of the Notes, the "Conversion
      Shares")
      in
      accordance with the terms of the Notes, and (ii) warrants (the "Warrants"),
      which
      will be exercisable to purchase Shares (the Shares issuable upon exercise of
      the
      Warrants, the "Note
      Shares")
      in
      accordance with the terms of the Warrants. 

     

    B.
       In
      order
      to induce the Buyers to purchase the Notes and the Warrants pursuant to the
      SPA,
      the Company has agreed to provide certain registration rights under the
      Securities Act of 1933, as amended, and the rules and regulations thereunder,
      or
      any similar successor statute (collectively, the "1933
      Act"
      or the
“Securities
      Act”),
      and
      applicable state securities laws.

     

     

    NOW,
      THEREFORE,
      in
      consideration of the premises and the mutual covenants contained herein and
      other good and valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, the Company and each of the Buyers hereby agree as
      follows:

     

    1. Definitions.
      

     

    Capitalized
      terms used herein and not otherwise defined herein shall have the respective
      meanings set forth in the Securities Purchase Agreements, as applicable. As
      used
      in this Agreement, the following terms shall have the following
      meanings:

     

    a. "Business
      Day"
      means
      any day other than Saturday, Sunday or any other day on which commercial banks
      in the City of New York are authorized or required by law to remain
      closed.

     

    b. "Financing Closing
      Date"
      means
      the date of closing of a transaction in which the Company will issue equity
      securities of the Company for gross proceeds of not less than
      $5,100,000.

     

    c. "Effective
      Date"
      means
      the date a Registration Statement has been declared effective by the
      SEC.

     

    d. "Effectiveness
      Deadline"
      means,
      subject to Section 2(e) hereof with respect to Subsequent Registration
      Statements, the date that is the earliest of (i) 120 days after the earlier
      of
      the Filing Deadline or the date the Registration Statement was actually filed
      with the SEC or (ii) the
      date
      which is within three (3) Business Days after the date on which the SEC informs
      the Company (A) that the SEC will not review the Registration Statement or
      (B) that
      the
      Company may request the acceleration of the effectiveness of the Registration
      Statement and the Company makes such request; provided that,
      if the
      Effectiveness Deadline falls on a Saturday,
      Sunday or any other day which shall be a legal holiday or a day on which the
      SEC
      is authorized or required by law or other government actions to close, the
      Effectiveness Deadline shall be the following Business Day.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    e. "Eligible
      Market"
      means
      the OTC Bulletin Board, The New York Stock Exchange, Inc., the American Stock
      Exchange, The NASDAQ Global Select Market, The NASDAQ Global Market or The
      NASDAQ Capital Market.

     

    f. "Filing
      Deadline"
      means,
      subject to Section 2(e) hereof with respect to Subsequent Registration
      Statements, the date that is 90 days after the Financing Closing Date;
provided that,
      if the
      Filing Deadline falls on a Saturday,
      Sunday or any other day which shall be a legal holiday or a day on which the
      SEC
      is authorized or required by law or other government actions to close, the
      Filing Deadline shall be the following Business Day.

     

    g. "Buyer"
      means a
      Buyer or any permitted transferee or assignee thereof to whom a Buyer assigns
      its rights under this Agreement and who agrees to become bound by the provisions
      of this Agreement in accordance with Section 9 and any transferee or assignee
      thereof to whom a permitted transferee or assignee assigns its rights under
      this
      Agreement and who agrees to become bound by the provisions of this Agreement
      in
      accordance with Section 9.

     

    h. "Person"
      means
      an individual, a limited liability company, a partnership, a joint venture,
      a
      corporation, a trust, an unincorporated organization and a government or any
      department or agency thereof.

     

    i. "Principal
      Market"
      means,
      from time to time, the Eligible Market upon which the Shares are admitted or
      listed and principally trade.

     

    j. "register,"
      "registered,"
      and
      "registration"
      refer
      to a registration effected by preparing and filing one or more Registration
      Statements (as defined below) in compliance with the 1933 Act and pursuant
      to
      Rule 415 and the declaration or ordering of effectiveness of such Registration
      Statement(s) by the SEC.

     

    k. "Registrable
      Securities"
      means
      (i) the Warrant Shares, (ii) the Conversion Shares and (iii) any
      shares of capital stock of the Company issued or issuable in respect of the
      Warrant Shares or Conversion Shares as a result of any stock split, stock
      dividend, recapitalization, exchange, merger, consolidation or other
      reorganization or similar event or otherwise, without regard to any limitations
      on conversions of the Notes or exercises of the Warrants. 

     

    l. "Registration
      Statement"
      means a
      registration statement of the Company filed under the 1933 Act covering the
      Registrable Securities, including the initial Registration Statement and any
      Subsequent Registration Statements.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    m. "Required
      Holders"
      means
      the holders of at least a majority of the Registrable Securities);”

     

    n. "Required
      Registration Amount"
      for the
      Registration Statement means that number of Shares equal to 125% of the sum
      of
      (x) the aggregate of the maximum number of Conversion Shares issued and issuable
      pursuant to the Notes at the then applicable Conversion Price as of the Trading
      Day immediately preceding the applicable date of determination and (y) the
      number of Warrant Shares issued and issuable pursuant to the Warrants as of
      the
      Trading Day immediately preceding the date the Registration Statement is
      initially filed with the SEC, each subject to adjustment as provided in Sections
      2(c) and 2(d) (without regard to any limitations on conversion of the Notes
      or
      exercise of the Warrants).

     

    o. "Rule
      415"
      means
      Rule 415 promulgated under the 1933 Act or any successor rule providing for
      offering securities on a continuous or delayed basis.

     

    p. “Securities”
means
      collectively the Notes and the Warrants.

     

    q. "SEC"
      means
      the United States Securities and Exchange Commission.

     

    r. "Subsequent
      Registration Statement"
      shall
      mean, any registration statement of the Company which covers those Registrable
      Securities requested to be included therein pursuant to the provisions of
      Section 2(e) of this Agreement and all amendments and supplements to such
      registration statement, including post-effective amendments, in each case
      including the prospectus contained therein, all exhibits thereto and all
      material incorporated by reference (or deemed to be incorporated by reference)
      therein.

     

    s. "Trading
      Day"
      means
      any day on which the Share is traded on the Principal Market, or, if the
      Principal Market is not the principal trading market for the Shares, then on
      the
      Eligible Market which is the principal securities exchange or securities market
      on which the Shares are then traded; provided that "Trading Day" shall not
      include any day on which the Shares are scheduled to trade on such exchange
      or
      market for less than 4.5 hours or any day that the Shares are suspended from
      trading during the final hour of trading on such exchange or market (or if
      such
      exchange or market does not designate in advance the closing time of trading
      on
      such exchange or market, then during the hour ending at 4:00:00 p.m., New York
      Time).

     

    2. Registration.
      The
      Company shall prepare, and, as soon as practicable, but in no event later than
      the Filing Deadline, file with the SEC, a Registration Statement on Form SB-2
      covering the resale of all of the Registrable Securities. In the event that
      Form
      SB-2 is unavailable for such a registration, the Company shall (i) use such
      other form as is available for such a registration on another appropriate form
      reasonably acceptable to the Required Holders. The Registration Statement
      prepared pursuant hereto shall register for resale at least the number of Shares
      equal to the Required Registration Amount as of the Trading Day immediately
      preceding the date the Registration Statement is initially filed with the SEC.
      The Registration Statement shall contain (except if otherwise directed by the
      Required Holders) the "Selling
      Stockholders"
      and
      "Plan
      of Distribution"
      sections in substantially the form attached hereto as Exhibit
      B;
      provided,
      however,
      that
      each of the "Selling Stockholders" and "Plan of Distribution" sections shall
      be
      amended as necessary to comply with then applicable securities law and
      regulation. The Company shall use its best efforts to have the Registration
      Statement declared effective by the SEC as soon as practicable, but in no event
      later than the Effectiveness Deadline. By 9:30 a.m. on the second Business
      Day
      following the Effective Date, the Company shall file with the SEC in accordance
      with Rule 424 under the 1933 Act the final prospectus to be used in connection
      with sales pursuant to such Registration Statement.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    a. Allocation
      of Registrable Securities.
      The
      initial number of Registrable Securities included in any Registration Statement
      and any increase in the number of Registrable Securities included therein shall
      be allocated pro rata among the Buyers based on the number of Registrable
      Securities held by each Buyer at the time the Registration Statement covering
      such initial number of Registrable Securities or increase thereof is declared
      effective by the SEC. In the event that a Buyer sells or otherwise transfers
      any
      of such Buyer's Registrable Securities, each transferee shall be allocated
      a pro
      rata portion of the then remaining number of Registrable Securities included
      in
      such Registration Statement for such transferor. In no event shall the Company
      include in any Registration Statement without the prior written consent of
      the
      Required Holders any securities other than the Registrable Securities
      (provided,
      however,
      that
      such limit shall be increased to reflect the effect of any stock split and
      decreased to reflect the effect of any reverse stock split). 

     

    b. Mandated
      Reduction of Securities Registered.
      

     

    (a) If,
      for
      any reason, the SEC requires that the number of Registrable Securities to be
      registered for resale pursuant to any Registration Statement be reduced, such
      reduction shall be accomplished as follows:

     

    First,
      125% of the number of Shares issuable upon the exercise of Warrants included
      in
      such Registration Statement shall be reduced (such reduction allocated pro
      rata
      among the holders thereof) until the reduction required by the SEC is
      effected.

     

    Second,
      if the exclusion of the number of Shares pursuant to the paragraph immediately
      above in this Section 2(d) is insufficient to meet the reduction required by
      the
      SEC, then up to 125% of the Conversion Shares calculated based on the Conversion
      Price (as defined in the Notes) as of the date of such reduction shall be
      reduced (such reduction allocated pro rata among the holders thereof) until
      the
      reduction required by the SEC is effected. 

     

    (b) If,
      for
      any reason, the SEC requires that the number of Shares to be registered for
      resale pursuant to any Subsequent Registration Statement be reduced, such
      reduction shall be allocated pro rata among the Buyers whose Shares have been
      included in such Subsequent Registration Statement until the reduction required
      by the SEC is effected.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    c. Subsequent
      Registrations.
      In
      the
      event the SEC does not permit the Company to register all of the Registrable
      Securities in the initial Registration Statement, the Company shall use its
      best
      efforts to file subsequent Registration Statements (each, a “Subsequent
      Registration Statement”)
      to
      register the Registrable Securities that were not registered in the initial
      Registration Statement as promptly as possible and in a manner permitted by
      the
      SEC. For purposes of this Section 2(c), “Filing
      Deadline”
      means
      with respect to each Subsequent Registration Statement filed pursuant hereto,
      the
      later
      of (i) the date when 75% of the Registrable Securities that were included in
      the
      initial Registration Statement (or any subsequent Registration Statement) have
      been sold and (ii) six (6) months following the Effective Date of the initial
      Registration Statement or any Subsequent Registration Statement, as applicable,
      or such earlier date as permitted by the SEC; provided that,
      if the
      Filing Deadline falls on a Saturday, Sunday or any other day which shall be
      a
      legal holiday or a day on which the SEC is authorized or required by law or
      other government actions to close, the Filing Deadline shall be the following
      Business Day.
      For
      purposes of this Section 2(c), “Effectiveness
      Deadline”
means
      with respect to each Subsequent Registration Statement filed pursuant hereto,
      the earlier of (A) the ninetieth (90th)
      day
      following the filing date of such Registration Statement (or in the event such
      Registration Statement is reviewed by the SEC, the one hundred twentieth
      (120th)
      day
      following such filing date) or (B) the date which is within three (3) Business
      Days after the date on which the SEC informs the Company (i) that the SEC will
      not review such Registration Statement or (ii) that
      the
      Company may request the acceleration of the effectiveness of such Registration
      Statement and the Company makes such request; provided that,
      if the
      Effectiveness Deadline falls on a Saturday, Sunday or any other day which shall
      be a legal holiday or a day on which the SEC is authorized or required by law
      or
      other government actions to close, the Effectiveness Deadline shall be the
      following Business Day.

     

    d. Legal
      Counsel.
      Subject
      to Section 5 hereof, the Holders shall have the right to select one legal
      counsel to review and oversee for such Holders any registrations pursuant to
      this Section 2 ("Legal
      Counsel"),
      which
      shall be Guzov
      Ofsink, LLC or
      such
      other counsel as thereafter designated by the Required Holders. The Company
      and
      Legal Counsel shall reasonably cooperate with each other in performing the
      Company's obligations under this Agreement.

     

    e. Effect
      of Failure to File and Obtain and Maintain Effectiveness of Registration
      Statement.
      

     

    If
      any of
      the following occur:

     

    (i)
      a
      Registration Statement (including the initial Registration Statement and any
      Subsequent Registration Statements) covering all of the Registrable Securities
      required to be covered thereby and required to be filed by the Company pursuant
      to this Agreement is 

     

    (A)
      not
      filed with the SEC on or before the Filing Deadline (a "Filing
      Failure")
      or

     

    (B)
      not
      declared effective by the SEC on or before the Effectiveness Deadline (an
      "Effectiveness
      Failure")
      or

     

    (ii)
      on
      any day after the Effective Date sales of all of the Registrable Securities
      required to be included on such Registration Statement or Subsequent
      Registration Statement, as applicable, cannot be made (other than during an
      Allowable Grace Period (as defined in Section 3(r)) pursuant to such
      Registration Statement or Subsequent Registration Statement (including, without
      limitation, because of a failure to (a) keep such Registration Statement or
      Subsequent Registration Statement effective, (b) disclose such information
      as is
      necessary for sales to be made pursuant to such Registration Statement or
      Subsequent Registration Statement, as applicable, (c) register a sufficient
      number of Shares pursuant to Section 2(c), or (d) maintain the listing with
      an
      Eligible Market, as applicable of such Shares registered pursuant to this
      Agreement) (a "Maintenance
      Failure");

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    then,
      the
      Company shall pay to each holder of Registrable Securities required under this
      Agreement to be, or remain (as applicable), registered under such Registration
      Statement, or Subsequent Registration Statement, as applicable (the
“Subject
      Securities”),
      an
      amount in cash, 

     

    (A)
      equal
      to such Buyer’s pro rata share of one percent (1.0%) of the aggregate Purchase
      Price of the Securities purchased by the Buyers pursuant to the SPA for each
      thirty day period (prorated for periods lasting less than 30 days) during which
      such Filing Failure, Effectiveness Failure or Maintence Failure shall exist.
      Such payments shall be made on each of the following dates: 

     

    (i)
      within
      3
      business days prior to the end of each month (with
      payments calculated through the date of payment) after any Filing Failure during
      the period commencing on the date of such Filing Failure until the Filing
      Failure is cured; 

     

    (ii)
      within
      3
      business days prior to the end of each month
      (with
      payments calculated through the date of payment) after any Effectiveness Failure
      during the period commencing on the date of such Effectiveness Failure until
      the
      date on which such Effectiveness Failure is cured, and 

     

    (iii)
      within
      3
      business days prior to the end of each month
      (with
      payments calculated through the date of payment) after the occurrence of any
      Maintenance Failure during the period commencing on the date of such Maintenance
      Failure until the date on which such Maintenance Failure is cured. 

     

    The
      payments to which a holder shall be entitled pursuant to this Section 2(e)
      are
      referred to herein as "Registration
      Delay Payments."
      In the
      event the Company fails to make Registration Delay Payments in a timely manner,
      such Registration Delay Payments shall bear interest at the rate of one and
      one-half percent (1.5%) per month (prorated for partial months) until paid
      in
      full. 

     

    Notwithstanding
      anything herein or in the Securities Purchase Agreements to the contrary, in
      no
      event shall the aggregate amount of Registration Delay Payments payable to
      the
      Buyers exceed, in the aggregate, 6% of the aggregate purchase price of all
      of
      the Securities purchased by the Buyers pursuant to the SPA and the Company
      shall
      have no obligation to pay any such Registration Delay Payments to the Buyers
      during an Effectiveness Failure or Maintenance Failure for any delay
      substantially due to information required from the Buyers not being provided
      or
      being inaccurate or incomplete or in the event of delays in effectiveness
      primarily resulting from comments of the staff of the SEC relating to Rule
      415
      issues or if less than 100% of the Required Registration Amount are registered
      as a result of such comments. In the event that the Company is required to
      reduce the number of securities included in a registration statement because
      of
      Rule 415 issues, then such reduction shall be made pro rata among the Buyers
      and
      any other selling stockholder based on the entire amount of securities such
      persons otherwise would have been able to have had registered, but for such
      reduction.. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    3. Related
      Obligations.

     

    At
      such
      time as the Company is obligated to file a Registration Statement or Subsequent
      Registration Statement with the SEC pursuant to this Agreement, the Company
      will
      use its best efforts to effect the registration of the Registrable Securities
      in
      accordance with the intended method of disposition thereof and, pursuant
      thereto, the Company shall have the following obligations:

     

    a. The
      Company shall submit to the SEC, within two (2) Business Days after the Company
      learns that no review of a particular Registration Statement or Subsequent
      Registration Statement, as applicable, will be made by the staff of the SEC
      or
      that the staff of the SEC has no further comments on a particular Registration
      Statement or Subsequent Registration Statement, as the case may be, a request
      for acceleration of effectiveness of such Registration Statement or Subsequent
      Registration Statement, as applicable to a time and date not later than 48
      hours
      after the submission of such request. The Company shall keep each Registration
      Statement and Subsequent Registration Statement effective pursuant to Rule
      415
      at all times until the earliest of (i) the date as of which the Buyers may
      sell
      all of the Registrable Securities covered by such Registration Statement without
      restriction pursuant to Rule 144(k) (or successor thereto) promulgated
      under the 1933 Act, or (ii) the date on which the Buyers shall have sold all
      of
      the Registrable Securities covered by such Registration Statement or Subsequent
      Registration Statement, as applicable (the "Registration
      Period").
      Each
      Registration Statement and each Subsequent Registration Statement (including
      any
      amendments or supplements thereto and prospectuses contained therein) shall
      not
      contain any untrue statement of a material fact or omit to state a material
      fact
      required to be stated therein, or necessary to make the statements therein
      (in
      the case of prospectuses, in the light of the circumstances in which they were
      made) not misleading.

     

    b. The
      Company shall prepare and file with the SEC such amendments (including
      post-effective amendments) and supplements to a Registration Statement or
      Subsequent Registration Statement, as applicable, and the prospectus used in
      connection with such Registration Statement or Subsequent Registration
      Statement, as applicable, which prospectus is to be filed pursuant to Rule
      424
      promulgated under the 1933 Act, as may be necessary to keep such Registration
      Statement or Subsequent Registration Statement, as applicable, effective at
      all
      times during the applicable Registration Period, and, during such period, comply
      with the provisions of the 1933 Act in respect of the disposition of all
      Registrable Securities of the Company covered by such Registration Statement
      or
      Subsequent Registration Statement, as applicable, until such time as all of
      such
      Registrable Securities shall have been disposed of in accordance with the
      intended methods of disposition by the seller or sellers thereof as set forth
      in
      such Registration Statement. In the case of amendments and supplements to a
      Registration Statement which are required to be filed pursuant to this Agreement
      (including pursuant to this Section 3(b)) by reason of the Company filing a
      periodic report under the Securities Exchange Act of 1934, as amended (the
      "1934
      Act"),
      the
      Company shall have incorporated such report by reference into such Registration
      Statement, if applicable, or shall file such amendments or supplements with
      the
      SEC on the same day on which the 1934 Act report is filed which created the
      requirement for the Company to amend or supplement such Registration Statement
      or Subsequent Registration Statement, as applicable.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    c. The
      Company shall (A) permit Legal Counsel to review and comment upon (i) a
      Registration Statement or Subsequent Registration Statement, as applicable,
      at
      least five (5) Business Days prior to its filing with the SEC and (ii) all
      amendments and supplements to all Registration Statements or Subsequent
      Registration Statements, as applicable, (except for periodic reports filed
      under
      the 1934 Act) within a reasonable number of days prior to their filing with
      the
      SEC, and (B) not file any Registration Statement or Subsequent Registration
      Statement or amendment or supplement thereto in a form to which Legal Counsel
      reasonably objects. The Company shall not submit a request for acceleration
      of
      the effectiveness of a Registration Statement or Subsequent Registration
      Statement, as applicable, or any amendment or supplement thereto without prior
      consent of Legal Counsel, which consent shall not be unreasonably withheld.
      The
      Company shall furnish to Legal Counsel, without charge, (i) copies of any
      correspondence from the SEC or the staff of the SEC to the Company or its
      representatives relating to any Registration Statement or Subsequent
      Registration Statement, as applicable, (ii) promptly after the same is prepared
      and filed with the SEC, one copy of any Registration Statement or Subsequent
      Registration Statement and any amendment(s) thereto, including financial
      statements and schedules, all documents incorporated therein by reference,
      if
      requested by an Buyer and not available on the SEC’s Electronic Document
      Gathering and Retrieval System (“EDGAR”), and all exhibits and (iii) upon the
      effectiveness of any Registration Statement or Subsequent Registration
      Statement, as applicable, one copy of the prospectus included in such
      Registration Statement or Subsequent Registration Statement and all amendments
      and supplements thereto, if requested by an Buyer and not available on EDGAR.
      The Company shall reasonably cooperate with Legal Counsel in performing the
      Company's obligations pursuant to this Section 3.

     

    d. The
      Company shall furnish to such Buyer whose Registrable Securities are included
      in
      any Registration Statement or Subsequent Registration Statement, as applicable,
      without charge, the following, if not already made available on EDGAR: (i)
      promptly after the same is prepared and filed with the SEC, at least one copy
      of
      such Registration Statement or Subsequent Registration Statement and any
      amendment(s) thereto, including financial statements and schedules, all
      documents incorporated therein by reference, all exhibits and each preliminary
      prospectus, (ii) upon the effectiveness of any Registration Statement or
      Subsequent Registration Statement, as applicable, ten (10) copies of the
      prospectus included in such Registration Statement or Subsequent Registration
      Statement and all amendments and supplements thereto (or such other number
      of
      copies as such Buyer may reasonably request) and (iii) such other documents,
      including copies of any preliminary or final prospectus, as such Buyer may
      reasonably request from time to time in order to facilitate the disposition
      of
      the Registrable Securities owned by such Buyer.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    e. The
      Company shall use its best efforts to (i) register and qualify, unless an
      exemption from registration and qualification applies, the resale by Buyers
      of
      the Registrable Securities covered by a Registration Statement or Subsequent
      Registration Statement, as applicable, under such other securities or "blue
      sky"
      laws of all applicable jurisdictions in the United States, (ii) prepare and
      file
      in those jurisdictions, such amendments (including post-effective amendments)
      and supplements to such registrations and qualifications as may be necessary
      to
      maintain the effectiveness thereof during the applicable Registration Period,
      (iii) take such other actions as may be necessary to maintain such registrations
      and qualifications in effect at all times during the applicable Registration
      Period, and (iv) take all other actions reasonably necessary or advisable to
      qualify the Registrable Securities for sale in such jurisdictions; provided,
      however,
      that
      the Company shall not be required in connection therewith or as a condition
      thereto to (x) qualify to do business in any jurisdiction where it would not
      otherwise be required to qualify but for this Section 3(e), (y) subject itself
      to general taxation in any such jurisdiction, or (z) file a general consent
      to
      service of process in any such jurisdiction. The Company shall promptly notify
      Legal Counsel and each Buyer who holds Registrable Securities of the receipt
      by
      the Company of any notification in respect of the suspension of the registration
      or qualification of any of the Registrable Securities for sale under the
      securities or "blue sky" laws of any jurisdiction in the United States or its
      receipt of notice of the initiation or threatening of any proceeding for such
      purpose.

     

    f. The
      Company shall notify Legal Counsel and each Buyer in writing of the happening
      of
      any event, as promptly as practicable, and in any event within twenty-four
      (24)
      hours after becoming aware (provided that if the time of awareness is not a
      Trading Day, such twenty-four (24) hour period shall start at the beginning
      of
      the next Trading Day) of such event, as a result of which the prospectus
      included in a Registration Statement or Subsequent Registration Statement,
      as
      applicable, as then in effect, includes an untrue statement of a material fact
      or omission to state a material fact required to be stated therein or necessary
      to make the statements therein, in the light of the circumstances under which
      they were made, not misleading (provided that in no event shall such notice
      contain any material, nonpublic information), and, subject to Section 3(r),
      promptly prepare a supplement or amendment to such Registration Statement or
      Subsequent Registration Statement to correct such untrue statement or omission,
      and deliver ten (10) copies of such supplement or amendment to each investor
      and
      Legal Counsel (or such other number of copies as such Buyer or Legal Counsel
      may
      reasonably request). The Company shall also promptly notify Legal Counsel and
      each Buyer in writing (i) when a prospectus or any prospectus supplement or
      post-effective amendment has been filed, and when a Registration Statement
      or
      Subsequent Registration Statement or any post-effective amendment has become
      effective (notification of such effectiveness shall be delivered to Legal
      Counsel and each Buyer by facsimile within one Business Day of such
      effectiveness and by overnight mail), (ii) of any request by the SEC for
      amendments or supplements to a Registration Statement or Subsequent Registration
      Statement or related prospectus or related information, and (iii) of the
      Company's reasonable determination that a post-effective amendment to a
      Registration Statement or Subsequent Registration Statement, as applicable,
      would be appropriate.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    g. The
      Company shall use its best efforts to prevent the issuance of any stop order
      or
      other suspension of effectiveness of a Registration Statement or Subsequent
      Registration Statement, as applicable, or the suspension of the qualification
      of
      any of the Registrable Securities for sale in any jurisdiction and, if such
      an
      order or suspension is issued, to obtain the withdrawal of such order or
      suspension at the earliest possible moment and to notify Legal Counsel and
      each
      Buyer who holds Registrable Securities being sold of the issuance of such order
      and the resolution thereof or its receipt of notice of the initiation or threat
      of any proceeding for such purpose.

     

    h. 
      If any
      Buyer is required under applicable securities laws to be described in the
      Registration Statement as an underwriter, at the reasonable request of such
      Buyer, the Company shall furnish to such Buyer, on the date of the effectiveness
      of the Registration Statement and thereafter from time to time on such dates
      as
      an Buyer may reasonably request (i) a letter, dated such date, from the
      Company's independent certified public accountants in form and substance as
      is
      customarily given by independent certified public accountants to underwriters
      in
      an underwritten public offering, addressed to the Buyers, and (ii) an opinion,
      dated as of such date, of counsel representing the Company for purposes of
      such
      Registration Statement, in form, scope and substance as is customarily given
      in
      an underwritten public offering, addressed to the Buyers.

     

    i. Upon
      the
      written request of any Buyer in connection with any Buyer's due diligence
      requirements, if any, or if the Buyer is required under applicable securities
      laws to be described in the registration Statement as an underwriter, at the
      reasonable request of such Buyer, the Company shall make available for
      inspection by (i) such Buyer, (ii) Legal Counsel and (iii) one firm of
      accountants or other agents retained by all such Buyers (collectively, the
      "Inspectors"),
      all
      pertinent financial and other records, and pertinent corporate documents and
      properties of the Company (collectively, the "Records"),
      as
      shall be reasonably deemed necessary by each Inspector, and cause the Company's
      officers, directors and employees to supply all information which any Inspector
      may reasonably request; provided,
      however,
      that
      each Inspector shall agree in writing to hold in strict confidence and shall
      not
      make any disclosure (except to an Buyer) or use of any Record or other
      information which the Company determines in good faith to be confidential,
      and
      of which determination the Inspectors are so notified, unless (a) as determined
      by the Company and its legal counsel, the disclosure of such Records is
      necessary to avoid or correct a misstatement or omission in any Registration
      Statement or is otherwise required under the 1933 Act, (b) the release of such
      Records is ordered pursuant to a final, non-appealable subpoena or order from
      a
      court or government body of competent jurisdiction, or (c) the information
      in
      such Records has been made generally available to the public other than by
      disclosure in violation of this or any other agreement of which the Inspector
      has knowledge of the terms. Each Buyer agrees that it shall, upon learning
      that
      disclosure of such Records is sought in or by a court or governmental body
      of
      competent jurisdiction or through other means, give prompt notice to the Company
      and allow the Company, at its expense, to undertake appropriate action to
      prevent disclosure of, or to obtain a protective order for, the Records deemed
      confidential. Nothing herein (or in any other confidentiality agreement between
      the Company and any Buyer) shall be deemed to limit the Buyers' ability to
      sell
      Registrable Securities in a manner which is otherwise consistent with applicable
      laws and regulations.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    j. The
      Company shall hold in confidence and not make any disclosure of information
      concerning an Buyer provided to the Company unless (i) disclosure of such
      information is necessary to comply with federal or state securities laws, (ii)
      the disclosure of such information is necessary to avoid or correct a
      misstatement or omission in any Registration Statement or Subsequent
      Registration Statement, as applicable, (iii) the release of such information
      is
      ordered pursuant to a subpoena or other final, non-appealable order from a
      court
      or governmental body of competent jurisdiction or (iv) such information has
      been
      made generally available to the public other than by disclosure in violation
      of
      this Agreement or any other agreement. The Company agrees that it shall, upon
      learning that disclosure of such information concerning an Buyer is sought
      in or
      by a court or governmental body of competent jurisdiction or through other
      means, give prompt written notice to such Buyer and allow such Buyer, at the
      Buyer's expense, to undertake appropriate action to prevent disclosure of,
      or to
      obtain a protective order for, such information.

     

    k. The
      Company shall use its best efforts to cause all Registrable Securities covered
      by the Registration Statement to be listed on the OTC Bulletin Board or any
      other securities exchange, quotation system or market, if any, on which similar
      securities issued by the Company are then listed or traded as and when required
      pursuant to the Securities Purchase Agreements. The Company shall pay all fees
      and expenses in connection with satisfying its obligation under this Section
      3(k).

     

    l. The
      Company shall cooperate with the Buyers who hold Registrable Securities being
      offered and, to the extent applicable, facilitate the timely preparation and
      delivery of certificates representing the Registrable Securities to be offered
      pursuant to a Registration Statement and enable such certificates to be in
      such
      denominations or amounts, as the case may be, as the Buyers may reasonably
      request and registered in such names as the Buyers may request.

     

    m. If
      requested by an Buyer, the Company shall (i) as soon as practicable incorporate
      in a prospectus supplement or post-effective amendment such information as
      an
      Buyer reasonably requests to be included therein relating to the sale and
      distribution of Registrable Securities, including, without limitation,
      information in respect of the number of Registrable Securities being offered
      or
      sold, the purchase price being paid therefor and any other terms of the offering
      of the Registrable Securities to be sold in such offering; (ii) as soon as
      practicable make all required filings of such prospectus supplement or
      post-effective amendment after being notified of the matters to be incorporated
      in such prospectus supplement or post-effective amendment; and (iii) as soon
      as
      practicable, supplement or make amendments to any Registration Statement or
      Subsequent Registration Statement, as applicable, if reasonably requested by
      an
      Buyer holding any Registrable Securities.

     

    n. The
      Company shall use its best efforts to cause the Registrable Securities covered
      by a Registration Statement or Subsequent Registration Statement, as applicable,
      to be registered with or approved by such other governmental agencies or
      authorities as may be necessary to consummate the disposition of such
      Registrable Securities.

     

    o. The
      Company shall make generally available to its security holders as soon as
      practical, but not later than ninety (90) days after the close of the period
      covered thereby, an earnings statement (in form complying with, and in the
      manner provided by, the provisions of Rule 158 under the 1933 Act) covering a
      twelve-month period beginning not later than the first day of the Company's
      fiscal quarter next following the effective date of a Registration Statement
      or
      Subsequent Registration Statement, as applicable. 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    p. Reserved.

     

    q. Within
      two (2) Business Days after a Registration Statement or Subsequent Registration
      Statement, as applicable, which covers Registrable Securities is ordered
      effective by the SEC, the Company shall deliver, and shall cause legal counsel
      for the Company to deliver, to the transfer agent for such Registrable
      Securities (with copies to the Buyers whose Registrable Securities are included
      in such Registration Statement or Subsequent Registration Statement, as
      applicable) confirmation that such Registration Statement or Subsequent
      Registration Statement, as applicable, has been declared effective by the SEC
      in
      the form attached hereto as Exhibit
      A.

     

    r. Notwithstanding
      anything to the contrary herein, at any time after the Effective Date, the
      Company may delay the disclosure of material, non-public information concerning
      the Company the disclosure of which at the time is not, in the good faith
      opinion of the Board of Directors of the Company and its counsel, in the best
      interest of the Company and, in the opinion of counsel to the Company, otherwise
      required (a "Grace
      Period");
      provided that the Company shall promptly (i) notify the Buyers in writing of
      the
      existence of material, non-public information giving rise to a Grace Period
      in
      conformity with the provisions of this Section 3(r) (provided that in each
      notice the Company will not disclose the content of such material, non-public
      information to the Buyers) and the date on which the Grace Period will begin,
      and (ii) notify the Buyers in writing of the date on which the Grace Period
      ends; and, provided further, that no Grace Period shall exceed ten (10)
      consecutive days and during any three hundred sixty five (365) day period there
      shall be no more than three such Grace Periods and the first day of any Grace
      Period must be at least five (5) Trading Days after the last day of any prior
      Grace Period (each, an "Allowable
      Grace Period").
      For
      purposes of determining the length of a Grace Period above, the Grace Period
      shall begin on and include the date the Buyers receive the notice referred
      to in
      clause (i) and shall end on and include the later of the date the Buyers receive
      the notice referred to in clause (ii) and the date referred to in such notice.
      The provisions of Section 3(g) hereof shall not be applicable during the period
      of any Allowable Grace Period. Upon expiration of the Grace Period, the Company
      shall again be bound by the first sentence of Section 3(f) in respect of the
      information giving rise thereto unless such material, non-public information
      is
      no longer applicable. Subject to compliance with applicable securities laws,
      notwithstanding anything else contained herein to the contrary, the Company
      shall cause its transfer agent to deliver unlegended Shares to a transferee
      of
      an Buyer in accordance with the terms of the applicable Securities Purchase
      Agreement, and deliver a copy of the prospectus included as part of the
      applicable Registration Statement (unless an exemption from such prospectus
      delivery requirement exists), prior to the Buyer's receipt of the notice of
      a
      Grace Period and for which the Buyer has not yet settled. 

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    4. Obligations
      of the Buyers.

     

    a. At
      least
      five (5) Business Days prior to the first anticipated filing date of a
      Registration Statement or Subsequent Registration Statement, as applicable,
      the
      Company shall notify each Buyer in writing of the information the Company
      requires from each such Buyer if such Buyer elects to have any of such Buyer's
      Registrable Securities included in such Registration Statement or Subsequent
      Registration Statement, as applicable, to such Buyer pursuant to Section 2(e).
      It shall be a condition precedent to the obligations of the Company to complete
      the registration pursuant to this Agreement in respect of the Registrable
      Securities of a particular Buyer that such Buyer shall furnish to the Company
      such information regarding itself, the Registrable Securities held by it and
      the
      intended method of disposition of the Registrable Securities held by it as
      shall
      be reasonably required to effect the effectiveness of the registration of such
      Registrable Securities and shall execute such documents in connection with
      such
      registration as the Company may reasonably request. 

     

    b. Each
      Buyer, by such Buyer's acceptance of the Registrable Securities, agrees to
      cooperate with the Company as reasonably requested by the Company in connection
      with the preparation and filing of any Registration Statement hereunder, unless
      such Buyer has notified the Company in writing of such Buyer's election to
      exclude all of such Buyer's Registrable Securities from such Registration
      Statement.

     

    c. Each
      Buyer agrees that, upon receipt of any notice from the Company of the happening
      of any event of the kind described in Section 3(g) or the first sentence of
      3(f), such Buyer will immediately discontinue disposition of Registrable
      Securities pursuant to any Registration Statement(s) or Subsequent Registration
      Statement(s), as applicable, covering such Registrable Securities until such
      Buyer's receipt of copies of the supplemented or amended prospectus contemplated
      by Section 3(g) or the first sentence of 3(f) has been filed with the SEC or
      receipt of notice that no supplement or amendment is required. Subject to
      compliance with applicable securities laws, notwithstanding anything else to
      the
      contrary, the Company shall cause its transfer agent to deliver unlegended
      Shares to a transferee of an Buyer in accordance with the terms of the
      applicable Securities Purchase Agreement if requested by such Buyer prior to
      the
      Buyer's receipt of a notice from the Company of the happening of any event
      of
      the kind described in Section 3(g) or the first sentence of 3(f) and as to
      the
      sale of which the Buyer has not yet settled.

     

    5. Expenses
      of Registration.

     

    All
      reasonable expenses, other than underwriting discounts and commissions incurred
      in connection with registrations, filings or qualifications pursuant to Sections
      2 and 3, including, without limitation, all registration, listing and
      qualifications fees, printers and accounting fees, and fees and disbursements
      of
      counsel for the Company, shall be paid by the Company. The Company shall also
      reimburse the Buyers for the fees and disbursements of Legal Counsel in
      connection with registration, filing or qualification pursuant to Sections
      2 and
      3 of this Agreement which amount shall be limited to $5,000.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    6. Indemnification.

     

    In
      the
      event any Registrable Securities are included in a Registration Statement
or
      Subsequent
      Registration
      Statement, as applicable,
      under
      this Agreement:

     

    a. To
      the
      fullest extent permitted by law, the Company will, and hereby does, indemnify,
      hold harmless and defend each Buyer, the directors, officers, members, partners,
      employees, agents, representatives of, and each Person, if any, who controls
      any
      Buyer within the meaning of the 1933 Act or the 1934 Act (each, an "Indemnified
      Person"),
      against any losses, claims, damages, liabilities, judgments, fines, penalties,
      charges, costs, reasonable attorneys' fees, amounts paid in settlement or
      expenses, joint or several, incurred in investigating, preparing or defending
      any pending action, claim, suit, inquiry, proceeding, investigation or appeal
      taken from the foregoing by or before any court or governmental, administrative
      or other regulatory agency, body or the SEC (collectively, "Claims")
      to
      which an indemnified party is a party or to which any of them may become subject
      ("Indemnified
      Damages")
      insofar as such Claims arise out of or are based upon: (i) any untrue statement
      or alleged untrue statement of a material fact in a Registration Statement
      or
      Subsequent
      Registration
      Statement or
      any
      post-effective amendment thereto or in any filing made in connection with the
      qualification of the offering under the securities or other "blue sky" laws
      of
      any jurisdiction in which Registrable Securities are offered ("Blue
      Sky Filing"),
      or
      the omission or alleged omission to state a material fact required to be stated
      therein or necessary to make the statements therein not misleading, (ii) any
      untrue statement or alleged untrue statement of a material fact contained in
      any
      preliminary prospectus if used prior to the effective date of such Registration
      Statement
      or
Subsequent
      Registration
      Statement, as applicable,
      or
      contained in the final prospectus (as amended or supplemented, if the Company
      files any amendment thereof or supplement thereto with the SEC) or the omission
      or alleged omission to state therein any material fact necessary to make the
      statements made therein, in the light of the circumstances under which the
      statements therein were made, not misleading, or (iii) any violation or alleged
      violation by the Company of the 1933 Act, the 1934 Act, any other law,
      including, without limitation, any state securities law, or any rule or
      regulation thereunder relating to the offer or sale of the Registrable
      Securities pursuant to a Registration Statement or
      Subsequent
      Registration
      Statement, as applicable
      (the
      matters in the foregoing clauses (i) through (iii) being, collectively,
      "Violations").
      Subject to Section 6(c), the Company shall reimburse the Indemnified Persons,
      promptly as such expenses are incurred and are due and payable, for reasonable
      legal fees or other reasonable expenses incurred by them in connection with
      investigating or defending any such Claim. Notwithstanding anything to the
      contrary contained herein, the indemnification agreement contained in this
      Section 6(a): (i) shall not apply to a Claim by an Indemnified Person arising
      out of or based upon a Violation which occurs in reliance upon and in conformity
      with information furnished in writing to the Company by such Indemnified Person
      for such Indemnified Person expressly for use in connection with the preparation
      of the Registration Statement or
      Subsequent
      Registration
      Statement or
      any
      such amendment thereof or supplement thereto and (ii) shall not apply to amounts
      paid in settlement of any Claim if such settlement is effected without the
      prior
      written consent of the Company, which consent shall not be unreasonably withheld
      or delayed. Such indemnity shall remain in full force and effect regardless
      of
      any investigation made by or on behalf of the Indemnified Person and shall
      survive the transfer of the Registrable Securities by the Buyers pursuant to
      Section 9.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    b. In
      connection with any Registration Statement or
      Subsequent
      Registration
      Statement, as applicable,
      in
      which an Buyer is participating, each such Buyer agrees to severally and not
      jointly indemnify, hold harmless and defend, to the same extent and in the
      same
      manner as is set forth in Section 6(a), the Company, any Subsidiary of the
      Company, each of their respective directors, officers, members, partners,
      employees, agents, representatives,
      as
      applicable,
      and each
      Person, if any, who controls the Company within the meaning of the 1933 Act
      or
      the 1934 Act (each, an "Indemnified
      Party"),
      against any Claim or Indemnified Damages to which any of them may become
      subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim
      or
      Indemnified Damages arise out of or are based upon any Violation, in each case
      to the extent, and only to the extent, that such Violation occurs in reliance
      upon and in conformity with written information furnished to the Company by
      such
      Buyer expressly for use in connection with such Registration
      Statement
      or
Subsequent
      Registration
      Statement, as applicable;
      and,
      subject to Section 6(c), such Buyer will the Indemnified Parties, promptly
      as
      such expenses are incurred and are due and payable for any reasonable legal
      fees
      or other reasonable expenses incurred by them in connection with investigating
      or defending any such Claim; provided,
      however,
      that
      the indemnity agreement contained in this Section 6(b) and the agreement in
      respect of contribution contained in Section 7 shall not apply to amounts paid
      in settlement of any Claim if such settlement is effected without the prior
      written consent of such Buyer, which consent shall not be unreasonably withheld
      or delayed; provided,
      further,
      however,
      that
      the Buyer shall be liable under this Section 6(b) for only that amount of a
      Claim or Indemnified Damages as does not exceed the net proceeds to such Buyer
      as a result of the sale of Registrable Securities pursuant to such Registration
      Statement
      or
Subsequent
      Registration
      Statement, as applicable.
      Such
      indemnity shall remain in full force and effect regardless of any investigation
      made by or on behalf of such Indemnified Party and shall survive the transfer
      of
      the Registrable Securities by the Buyers pursuant to Section 9. 

     

    c. Promptly
      after receipt by an Indemnified Person or Indemnified Party under this Section
      6
      of notice of the commencement of any action or proceeding (including any
      governmental action or proceeding) involving a Claim, such Indemnified Person
      or
      Indemnified Party shall, if a Claim in respect thereof is to be made against
      any
      indemnifying party under this Section 6, deliver to the indemnifying party
      a
      written notice of the commencement thereof, and the indemnifying party shall
      have the right to participate in, and, to the extent the indemnifying party
      so
      desires, jointly with any other indemnifying party similarly noticed, to assume
      control of the defense thereof with counsel mutually satisfactory to the
      indemnifying party and the Indemnified Person or the Indemnified Party, as
      the
      case may be; provided,
      however,
      that an
      Indemnified Person or Indemnified Party, as the case may be, shall have the
      right to retain its own counsel with the fees and expenses of not more than
      one
      counsel for such Indemnified Person or Indemnified Party, as the case may be,
      to
      be paid by the indemnifying party, if, in the reasonable opinion of counsel
      retained by the indemnifying party, the representation by such counsel of the
      Indemnified Person or Indemnified Party, as the case may be, and the
      indemnifying party would be inappropriate due to actual or potential differing
      interests between such Indemnified Person or Indemnified Party, as the case
      may
      be, and any other party represented by such counsel in such proceeding. In
      the
      case of an Indemnified Person, legal counsel referred to in the immediately
      preceding sentence shall be selected by the Buyers holding at least a
      majority in
      interest of the Registrable Securities included in the Registration Statement
      or
      Subsequent
      Registration
      Statement, as applicable,
      to which
      the Claim relates. The Indemnified Party or Indemnified Person, as the case
      may
      be, shall cooperate fully with the indemnifying party in connection with any
      negotiation or defense of any such action or Claim by the indemnifying party
      and
      shall furnish to the indemnifying party all information reasonably available
      to
      the Indemnified Party or Indemnified Person, as the case may be, which relates
      to such action or Claim. The indemnifying party shall keep the Indemnified
      Party
      or Indemnified Person, as the case maybe, reasonably apprised at all times
      as to
      the status of the defense or any settlement negotiations in respect thereof.
      No
      indemnifying party shall be liable for any settlement of any action, claim
      or
      proceeding effected without its prior written consent; provided,
      however,
      that
      the indemnifying party shall not unreasonably withhold, delay or condition
      its
      consent. No indemnifying party shall, without the prior written consent of
      the
      Indemnified Party or Indemnified Person, as the case may be, consent to entry
      of
      any judgment or enter into any settlement or other compromise which does not
      include as an unconditional term thereof the giving by the claimant or plaintiff
      to such Indemnified Party or Indemnified Person, as the case may be, of a
      release from all liability in respect to such Claim or litigation, and such
      settlement shall not include any admission as to fault on the part of the
      Indemnified Party. Following indemnification as provided for hereunder, the
      indemnifying party shall be subrogated to all rights of the Indemnified Party
      or
      Indemnified Person, as the case may be, in respect of all third parties, firms
      or corporations relating to the matter for which indemnification has been made.
      The failure to deliver written notice to the indemnifying party within a
      reasonable time of the commencement of any such action shall not relieve such
      indemnifying party of any liability to the Indemnified Person or Indemnified
      Party, as the case may be, under this Section 6, except to the extent that
      the
      indemnifying party is materially prejudiced in its ability to defend such
      action.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    d. The
      indemnification required by this Section 6 shall be made by periodic payments
      of
      the amount thereof during the course of the investigation or defense, as and
      when bills are received or Indemnified Damages are incurred.

     

    e. The
      indemnity agreements contained herein shall be in addition to (i) any cause
      of
      action or similar right of the Indemnified Party or Indemnified Person against
      the indemnifying party or others, and (ii) any liabilities the indemnifying
      party may be subject to pursuant to the law.

     

    7. Contribution.

     

    To
      the
      extent any indemnification by an indemnifying party is prohibited or limited
      by
      law, the indemnifying party agrees to make the maximum contribution in respect
      of any amounts for which it would otherwise be liable under Section 6 to the
      fullest extent permitted by law; provided,
      however,
      that:
      (i) no Person involved in the sale of Registrable Securities, which Person
      is
      guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
      of
      the 1933 Act) in connection with such sale, shall be entitled to contribution
      from any Person involved in such sale of Registrable Securities who was not
      guilty of fraudulent misrepresentation; and (ii) contribution by any seller
      of
      Registrable Securities shall be limited in amount to the net amount of proceeds
      received by such seller from the sale of such Registrable Securities pursuant
      to
      such Registration Statement
      or
Subsequent
      Registration
      Statement, as applicable.
      

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    8. Reports
      Under the 1934 Act.
      

     

    With
      a
      view to making available to the Buyers the benefits of Rule 144 promulgated
      under the 1933 Act or any other similar rule or regulation of the SEC that
      may
      at any time permit the Buyers to sell securities of the Company to the public
      without registration ("Rule
      144"),
      the
      Company agrees to:

     

    a. make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144;

     

    b. file
      with
      the SEC in a timely manner all reports and other documents required of the
      Company under the 1933 Act and the 1934 Act so long as the Company remains
      subject to such requirements and the filing of such reports and other documents
      is required for the applicable provisions of Rule 144; and

     

    c. furnish
      to each Buyer so long as such Buyer owns Registrable Securities, promptly upon
      request, (i) a written statement by the Company, if true, that it has complied
      with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act
      and
      (ii) such other information as may be reasonably requested to permit the Buyers
      to sell such securities pursuant to Rule 144 without registration.

     

    9. Assignment
      of Registration Rights.
      

     

    The
      rights under this Agreement shall be automatically assignable by the Buyers
      to
      any transferee of all or any portion of such Buyer's Registrable Securities
      if:
      (i) the Buyer agrees in writing with the transferee or assignee to assign such
      rights and a copy of such agreement is furnished to the Company within a
      reasonable time after such assignment; (ii) the Company is, within a reasonable
      time after such transfer or assignment, furnished with written notice of (a)
      the
      name and address of such transferee or assignee and (b) the securities in
      respect of which such registration rights are being transferred or assigned;
      (iii) immediately following such transfer or assignment the further disposition
      of such securities by the transferee or assignee is restricted under the 1933
      Act or applicable state securities laws; (iv) at or before the time the Company
      receives the written notice contemplated by clause (ii) of this sentence, the
      transferee or assignee agrees in writing with the Company to be bound by all
      of
      the provisions contained herein; and (v) such transfer shall have been made
      in
      accordance with the applicable requirements of the applicable Securities
      Purchase Agreement.

     

    10. Amendment
      of Registration Rights.

     

    Provisions
      of this Agreement may be amended and the observance thereof may be waived
      (either generally or in a particular instance and either retroactively or
      prospectively), only with the written consent of the Company and the Required
      Holders. Any amendment or waiver effected in accordance with this Section 10
      shall be binding upon each Buyer and the Company. No such amendment shall be
      effective to the extent that it applies to less than all of the holders of
      the
      Registrable Securities. No consideration shall be offered or paid to any Person
      to amend or consent to a waiver or modification of any provision of any of
      this
      Agreement unless the same consideration also is offered to all of the parties
      to
      this Agreement.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    11. Miscellaneous.

     

    a. The
      provisions of this Agreement shall apply to the full extent set forth herein
      in
      respect of (i) the Shares, (ii) any and all shares of voting stock of
      the Company into which the Shares are converted, exchanged or substituted in
      any
      recapitalization or other capital reorganization by the Company and
      (iii) any and all equity securities of the Company or any successor or
      assign of the Company (whether by merger, consolidation, sale of assets or
      otherwise) which may be issued in respect of, in conversion of, in exchange
      for
      or in substitution of, Shares and shall be appropriately adjusted for any stock
      dividends, splits, reverse splits, combinations, recapitalizations and the
      like
      occurring after the date hereof. The Company shall not enter into an agreement
      in respect of a Fundamental Transaction (as defined in the Notes) which does
      not
      provide that the Successor Entity (as defined in the Notes), if any, shall
      assume the obligations set forth herein or enter into a new registration rights
      agreement with the Buyers on terms substantially the same as those remaining
      under this Agreement as a condition of any such transaction.

     

    b. A
      Person
      is deemed to be a holder of Registrable Securities whenever such Person owns
      or
      is deemed to own of record such Registrable Securities. If the Company receives
      conflicting instructions, notices or elections from two or more Persons in
      respect of the same Registrable Securities, the Company shall act upon the
      basis
      of instructions, notice or election received from the record owner of such
      Registrable Securities.

     

    c. Any
      notices, consents, waivers or other communications required or permitted to
      be
      given under the terms of this Agreement must be in writing and will be deemed
      to
      have been delivered: (i) upon receipt, when delivered personally provided same
      is on a Business Day and, if not, on the next Business Day; (ii) upon receipt,
      when sent by facsimile (provided confirmation of transmission is mechanically
      or
      electronically generated and kept on file by the sending party) provided same
      is
      on a Business Day and, if not, on the next Business Day; (iii) one (1) Business
      Day after deposit with an overnight courier service, in each case properly
      addressed to the party to receive the same; or (iv) if sent by certified mail,
      return receipt requested, when received or three (3) days after deposited in
      the
      mails, whichever occurs first. The addresses and facsimile numbers for such
      communications shall be:

     

    If
      to the
      Company: 

     

    If
      to the
      Company:

     

    Golden
      Autumn Holdings Inc.

    Attention:
      Mr. Charles Y. Fu Vice Chairman & President 15455 Dallas Pkwy, 6th
      Floor
      Dallas, TX 75001

    Email:
      Charles.Fu@GoldenAutumn.us

    

    With
      a
      copy to:

     

    Gregory
      Sichenzia, Esq. 

    Sichenzia
      Ross Friedman Ference LLP

    61
      Broadway

    New
      York,
      New York 10006

    Fax
      (212)
      930-9725

    Email:
      gsichenzia@srff.com

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    If
      to an
      Buyer, to its address and facsimile number set forth in the records of the
      Company or the Transfer Agent, as applicable, with copies to such Buyer’s
      representatives as set forth on the Schedule of Buyers, 

     

    or
      to
      such other address and/or facsimile number and/or to the attention of such
      other
      Person as the recipient party has specified by written notice given to each
      other party five (5) days prior to the effectiveness of such change. Written
      confirmation of receipt (A) given by the recipient of such notice, consent,
      waiver or other communication, (B) mechanically or electronically generated
      by
      the sender’s facsimile machine containing the time, date, recipient facsimile
      number and an image of the first page of such transmission or (C) provided
      by a
      courier or overnight courier service shall be rebuttable evidence of personal
      service, receipt by facsimile or receipt from a nationally recognized overnight
      delivery service in accordance with clause (i), (ii) or (iii) above,
      respectively.

     

    d. Failure
      of any party to exercise any right or remedy under this Agreement or otherwise,
      or delay by a party in exercising such right or remedy, shall not operate as
      a
      waiver thereof.

     

    e. All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be governed by the internal laws of the State of New
      York, without giving effect to any choice of law or conflict of law provision
      or
      rule (whether of the State of New York or any other jurisdictions) that would
      cause the application of the laws of any jurisdictions other than the State
      of
      New York. Each party hereby irrevocably submits to the exclusive jurisdiction
      of
      the state and federal courts sitting in The City of New York, Borough of
      Manhattan, for the adjudication of any dispute hereunder or in connection
      herewith or with any transaction contemplated hereby or discussed herein, and
      hereby irrevocably waives, and agrees not to assert in any suit, action or
      proceeding, any claim that it is not personally subject to the jurisdiction
      of
      any such court, that such suit, action or proceeding is brought in an
      inconvenient forum or that the venue of such suit, action or proceeding is
      improper. Each party hereby irrevocably waives personal service of process
      and
      consents to process being served in any such suit, action or proceeding by
      mailing a copy thereof to such party at the address for such notices to it
      under
      this Agreement and agrees that such service shall constitute good and sufficient
      service of process and notice thereof. . Nothing contained herein shall be
      deemed to limit in any way any right to serve process in any manner permitted
      by
      law. If any provision of this Agreement shall be invalid or unenforceable in
      any
      jurisdiction, such invalidity or unenforceability shall not affect the validity
      or enforceability of the remainder of this Agreement in that jurisdiction or
      the
      validity or enforceability of any provision of this Agreement in any other
      jurisdiction. EACH
      PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO
      REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN
      CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
      CONTEMPLATED HEREBY.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    f. This
      Agreement supersedes all other prior oral or written agreements between the
      Company, their affiliates and Persons acting on their behalf in respect of
      the
      matters discussed herein, and this Agreement, the Transaction Documents and
      the
      instruments referenced herein contain the entire understanding of the parties
      in
      respect of the matters covered herein and therein and, except as specifically
      set forth herein or therein, neither the Company nor any Buyer makes any
      representation, warranty, covenant or undertaking in respect of such matters.
      No
      provision of this Agreement may be amended other than by an instrument in
      writing signed by the Company, and the Required Holders, and any amendment
      to
      this Agreement made in conformity with the provisions of this Section 11(f)
      shall be binding on all Buyers and holders of Securities as applicable. No
      provision hereof may be waived other than by an instrument in writing signed
      by
      the party against whom enforcement is sought. No such amendment shall be
      effective to the extent that it applies to less than all of the holders of
      the
      applicable Securities then outstanding. No consideration shall be offered or
      paid to any Person to amend or consent to a waiver or modification of any
      provision of any of the Transaction Documents unless the same consideration
      also
      is offered to all of the parties to the Transaction Documents, holders of Notes
      or holders of the Warrants, as the case may be. The Company has not, directly
      or
      indirectly, made any agreements with any Buyers relating to the terms or
      conditions of the transactions contemplated by the Transaction Documents except
      as set forth in the Transaction Documents. Without limiting the foregoing,
      the
      Company confirms that, except as set forth in this Agreement and the applicable
      Transaction Documents, no Buyer has made any commitment or promise or has any
      other obligation to provide any financing to the Company or
      otherwise.

     

    g. Subject
      to the requirements of Section 9, this Agreement shall inure to the benefit
      of
      and be binding upon the permitted successors and assigns of each of the parties
      hereto.

     

    h. The
      headings in this Agreement are for convenience of reference only and shall
      not
      form a part of, or affect the interpretation of this Agreement.

     

    i. This
      Agreement may be executed in two or more identical counterparts, all of which
      shall be considered one and the same agreement and shall become effective when
      counterparts have been signed by each party and delivered to the other party;
      provided that a facsimile signature shall be considered due execution and shall
      be binding upon the signatory thereto with the same force and effect as if
      the
      signature were an original, not a facsimile signature.

     

    j. Each
      party shall do and perform, or cause to be done and performed, all such further
      acts and things, and shall execute and deliver all such other agreements,
      certificates, instruments and documents, as any other party may reasonably
      request in order to carry out the intent and accomplish the purposes of this
      Agreement and the consummation of the transactions contemplated
      hereby.

     

    k. All
      consents and other determinations required to be made by the Buyers pursuant
      to
      this Agreement shall be made, unless otherwise specified in this Agreement,
      by
      the Required Holders, determined as if all of the (i) Notes held by Buyers
      were
      converted into, and (ii) Warrants held by Buyers then outstanding were exercised
      for, Registrable Securities without regard to any limitation on conversion
      of
      the Notes or exercise of the Warrants. 

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    l. The
      language used in this Agreement will be deemed to be the language chosen by
      the
      parties to express their mutual intent and no rules of strict construction
      will
      be applied against any party.

     

    m. This
      Agreement is intended for the benefit of the parties hereto and their respective
      permitted successors and assigns, and is not for the benefit of, nor may any
      provision hereof be enforced by, any other Person except to the extent set
      forth
      in Section 6.

     

    n. The
      obligations of each Buyer hereunder are several and not joint with the
      obligations of any other Buyer, and no provision of this Agreement is intended
      to confer any obligations on any Buyer vis-à-vis any other Buyer. The Company
      acknowledges that nothing contained herein or the Securities Purchase Agreement,
      and no action taken by any Buyer pursuant hereto or thereto (including, but
      not
      limited to, the (i) inclusion of an Buyer in the Registration Statement and
      (ii)
      review by, and consent to, such Registration Statement by an Buyer) shall be
      deemed to constitute the Buyers as a partnership, an association, a joint
      venture or any other kind of entity, or create a presumption that the Buyers
      are
      in any way acting in concert or as a group in respect of such obligations or
      the
      transactions contemplated herein or therein. The Company acknowledges that
      each
      Buyer shall be entitled to independently protect and enforce its rights,
      including without limitation, the rights arising out of this Agreement or the
      Securities Purchase Agreements, and it shall not be necessary for any other
      Buyer to be joined as an additional party in any proceeding for such purpose.
      The Company acknowledges that for reasons of administrative convenience only,
      this Agreement, the Securities Purchase Agreements and the other transaction
      documents have been prepared by counsel for the Company and the Company
      acknowledges that it has elected to provide all Buyers with the same terms
      and
      transaction documents for the convenience of the Company and not because it
      was
      required or requested to do so by the Buyers.

     

    o. The
      Company’s obligations and agreements under this Agreement shall terminate on the
      earliest to occur of (i) the date as of which the Buyers may sell all of the
      Registrable Securities covered by such Registration Statement without
      restriction pursuant to Rule 144(k) (or successor thereto) promulgated
      under the 1933 Act, or (ii) the date on which the Buyers shall have sold all
      of
      the Registrable Securities after which time this Agreement shall no longer
      have
      any force or effect against the Company. 

     

    p. Notwithstanding
      anything herein to the contrary, the Company shall not grant any Person any
      registration rights or enter into any agreement providing for registration
      rights that are more favorable than those being granted hereunder or that shall
      be in conflict with or inconsistent with or otherwise adversely affect the
      rights of a Buyer in the Registrable Securities or such Buyer’s rights under
      this Agreement in any respect, including, without limitation, the priority
      of
      registration or the ability to transfer or otherwise dispose of the Registrable
      Securities, except that without the consent of any Buyer, the Company may enter
      into a registration rights agreement with investors purchasing securities in
      the
      Financing provided that in such event investors the rights of such investors
      under such agreement and the rights of the Buyers under this agreement shall
      be
      parri passu and as a result such securities may be included on any Registration
      Statement that includes the Registrable Securities. 

     

    *
      * * * *
      *

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      each
      Buyer and the Company have caused their respective signature page to this
      Registration Rights Agreement to be duly executed as of the date first written
      above.

    
      	 	 	 
	 	
              COMPANY:

            
	 	 
	 	
              GOLDEN
                AUTUMN HOLDINGS INC.

            
	 
 	 
 	 
 
	 	By:  	/s/Charles
              Fu
	 	
              

            
	 	Name:  
              Charles Fu
	 	
              Title:  
                  President

            

    

     

    [Signature
      Pages of Buyers Follow]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF,
      each
      Buyer and the Company have caused their respective signature page to this
      Registration Rights Agreement to be duly executed as of the date first written
      above.

    
      	
            	 	 
	 	
              
                BUYERS:

              

            
	 	 
	 	
              
                Strategic
                  Alliance Fund, L.P. 

              

            
	 
 	 
 	 
 
	 	By:  	/s/Daniel
              F. Carlson
	 	
              

            
	 	Name:  
              Daniel F. Carlson
	 	
              Title:    
                Manager

            

       

    

    
      	
            	 	 
	 	
              
                BUYERS:

              

            
	 	 
	 	
              
                
                  Strategic
                    Alliance Fund II. L.P. 

                

              

            
	 
 	 
 	 
 
	 	By:  	/s/Daniel
              F. Carlson
	 	
              

            
	 	Name:  
              Daniel F. Carlson
	 	
              Title:    
                Manager

            

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

SCHEDULE
      OF BUYERS

    

      
        	
                Buyer

              	 	
                Address,
                  Telephone Number and E-Mail

              	 	
                Buyer’s
                  Representative

              
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    FORM
      OF NOTICE OF EFFECTIVENESS

    OF
      REGISTRATION STATEMENT

     

    [Transfer
      Agent of Golden Autumn Holdings Inc.]

    

     

    Attention:
      [            
]

     

    Re:   
       Golden
      Autumn Holdings Inc.

     

    Ladies
      and Gentlemen:

     

     

    We
      have
      represented Golden Autumn Holdings Inc., a Nevada corporation (the "Company")
      in
      connection with that certain Securities Purchase Agreement (the "SPA")
      entered into by and among the Company and the buyers named therein
      (collectively, the "Holders")
      pursuant to which the Company issued to the Holders secured convertible notes
      (the "Notes")
      convertible into the Company's Common Stock, $0.001 par value per share
      ("Shares")
      and
      warrants exercisable for Shares (the "Warrants"),
      Pursuant to the SPA, the Company also has entered into a Registration Rights
      Agreement with the Holders (the "Registration
      Rights Agreement"),
      pursuant to which the Company agreed, among other things, to register the Shares
      issuable upon conversion of the Notes and the Shares issuable upon exercise
      of
      the Warrants, under the Securities Act of 1933, as amended (the "1933
      Act").
      In
      connection with the Company's obligations under the Registration Rights
      Agreement, on August 31, 2007, the Company filed a Registration Statement on
      Form __ (File No. 333-_____________) (the "Registration
      Statement")
      with
      the Securities and Exchange Commission (the "SEC")
      relating to the Registrable Securities which names each of the Holders as a
      selling stockholder thereunder.

     

    Please
      notify us immediately upon the request of any Holder to transfer Shares pursuant
      to the Registration Statement. We will then provide you a letter regarding
      the
      transferability of the Shares under the Registration Statement.

    
      
        	
              	 	 
	 	
                
                  
                    Very
                      truly yours,

                  

                

              
	 
 	 
 	 
 
	 	By:  	 
	 	
                

              

      

       

      CC: 
        [LIST
        NAMES OF HOLDERS]

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      B

    

    SELLING
      STOCKHOLDERS

     

    The
      Shares being offered by the selling stockholders are those previously issued
      to
      the selling stockholders and those issuable upon conversion of the convertible
      notes and upon exercise of the warrants. For additional information regarding
      the issuance of those number of Shares and warrants and convertible notes and
      warrants, see "__________________ .” We are registering the Shares in order to
      permit the selling stockholders to offer the shares for resale from time to
      time. Except for the ownership of the Shares, convertible notes and warrants
      issued pursuant to the Securities Purchase Agreements, the selling stockholders
      who acquired their securities pursuant to the Securities Purchase Agreements
      have not had any material relationship with us within the past three years.
      

     

    The
      table
      below lists the selling stockholders and other information regarding the
      beneficial ownership of the Shares by each of the selling stockholders. The
      second column lists the number of Shares beneficially owned by each selling
      stockholder, based on its ownership of the convertible notes and warrants,
      as of
      ________, 2007. In computing the number of shares beneficially owned by a
      selling stockholder and the percentage of ownership of that selling stockholder,
      the number of Shares underlying the convertible notes and the warrants held
      by
      that selling stockholder that are convertible or exercisable, as the case may
      be, within 60 days of [insert date] are included. Those shares, however, are
      not
      deemed outstanding for the purpose of computing the percentage ownership of
      any
      other selling stockholder. Each selling stockholder's percentage of ownership
      in
      the following table is based upon [______] Shares outstanding as of [insert
      date]. We will not receive any of the proceeds from the sale of our Shares
      by
      the selling stockholders. None of these selling stockholders are, or are
      affiliates of, a broker-dealer registered under the Exchange Act.

     

    The
      third
      column lists the number of Shares being offered by this prospectus by each
      selling stockholder.

     

    In
      accordance with the terms of registration rights agreements among the Company
      and the selling stockholders, this prospectus generally covers the resale of
      at
      least the number of Shares issued in the private placement of Shares and
      warrants and 125% of the sum of the number of Shares issued or issuable (x)
      upon
      conversion of the convertible notes, and (y) upon exercise of the warrants,
      determined as if the outstanding notes were converted and warrants were
      exercised in full, each as of the trading day immediately preceding the date
      the
      registration statement is initially filed with the SEC. Because
      the conversion price of the convertible notes may be adjusted and the exercise
      price of the warrants may be adjusted, the number of shares that will actually
      be issued may be more or less than the number of shares being offered by this
      prospectus. The fourth column assumes the sale of all of the shares offered
      by
      the selling stockholders pursuant to this prospectus.

     

    The
      selling stockholders may sell all, some or none of their shares in this
      offering. See "Plan of Distribution."

     

    
      
         

      

      
        B-1

        
          

        

      

      
         

      

    

     

    
      	
              Name
                of Selling Stockholder

            	 	
              Number of Shares Owned

              Prior to Offering

            	 	
              Maximum Number of Shares

              to be Sold Pursuant to this

              Prospectus

            	 	
              Number of Shares Owned

              After Offering

            	 
	 	 	 	 	 	 	 	 
	
               

            	 	 	 	 	 	
              0

            	 

    

     

    
      
        
        

      

      
        B-2

        
          

        

      

      
        
        

      

    

     

    PLAN
      OF DISTRIBUTION

     

    We
      are
      registering the number of Shares issued pursuant to the Securities Purchase
      Agreement and the number of Shares issuable upon conversion of the convertible
      notes and upon exercise of the warrants to permit the resale of these Shares
      by
      the holders of the convertible notes and warrants from time to time after the
      date of this prospectus. We will not receive any of the proceeds from the sale
      by the selling stockholders of the Shares. We will bear all fees and expenses
      incident to our obligation to register the Shares.

     

    The
      selling stockholders may sell all or a portion of the Shares beneficially owned
      by them and offered hereby from time to time directly or through one or more
      underwriters, broker-dealers or agents. If the Shares are sold through
      underwriters or broker-dealers, the selling stockholders will be responsible
      for
      underwriting discounts or commissions or agent's commissions. The Shares may
      be
      sold in one or more transactions at fixed prices, at prevailing market prices
      at
      the time of the sale, at varying prices determined at the time of sale, or
      at
      negotiated prices. These sales may be effected in transactions, which may
      involve crosses or block transactions, 

    

      
        	
                ·

              	
                on
                  any national securities exchange or quotation service on which
                  the
                  securities may be listed or quoted at the time of sale;

              
	 	 
	
                ·

              	
                in
                  the over-the-counter market;

              
	 	 
	
                ·

              	
                in
                  transactions otherwise than on these exchanges or systems or in
                  the
                  over-the-counter market;

              
	 	 
	
                ·

              	
                through
                  the writing of options, whether such options are listed on an options
                  exchange or otherwise;

              
	 	 
	
                ·

              	
                ordinary
                  brokerage transactions and transactions in which the broker-dealer
                  solicits purchasers;

              
	 	 
	
                ·

              	
                block
                  trades in which the broker-dealer will attempt to sell the shares
                  as agent
                  but may position and resell a portion of the block as principal
                  to
                  facilitate the transaction;

              
	 	 
	
                ·

              	
                purchases
                  by a broker-dealer as principal and resale by the broker-dealer
                  for its
                  account;

              
	 	 
	
                ·

              	
                an
                  exchange distribution in accordance with the rules of the applicable
                  exchange;

              
	 	 
	
                ·

              	
                privately
                  negotiated transactions;

              
	 	 
	
                ·

              	
                short
                  sales;

              
	 	 
	
                ·

              	
                sales
                  pursuant to Rule 144;

              

      

       

      
        
          
          

        

        
          B-3

          
            

          

        

        
          
          

        

      

       

      
        	
                ·

              	
                broker-dealers
                  may agree with the selling stockholders to sell a specified number
                  of such
                  shares at a stipulated price per share;

              
	 	 
	
                ·

              	
                a
                  combination of any such methods of sale; and

              
	 	 
	
                ·

              	
                any
                  other method permitted pursuant to applicable
                  law.

              

      

    

     

    If
      the
      selling stockholders effect such transactions by selling Shares to or through
      underwriters, broker-dealers or agents, such underwriters, broker-dealers or
      agents may receive commissions in the form of discounts, concessions or
      commissions from the selling stockholders or commissions from purchasers of
      the
      Shares for whom they may act as agent or to whom they may sell as principal
      (which discounts, concessions or commissions as to particular underwriters,
      broker-dealers or agents may be in excess of those customary in the types of
      transactions involved); provided that the commissions payable to, or discounts
      received by, any member of the National Securities Dealers Association, Inc.
      shall not exceed 8% of the sale of any Shares being registered pursuant to
      Rule
      415. In connection with sales of the Shares or otherwise, the selling
      stockholders may enter into hedging transactions with broker-dealers, which
      may
      in turn engage in short sales of the Shares in the course of hedging in
      positions they assume. The selling stockholders may also sell Shares short
      and
      deliver Shares covered by this prospectus to close out short positions and
      to
      return borrowed shares in connection with such short sales. The selling
      stockholders may also loan or pledge Shares to broker-dealers that in turn
      may
      sell such shares.

     

    The
      selling stockholders may pledge or grant a security interest in some or all
      of
      the convertible notes, warrants or the Shares owned by them and, if they default
      in the performance of their secured obligations, the pledgees or secured parties
      may offer and sell the Shares from time to time pursuant to this prospectus
      or
      any amendment to this prospectus under Rule 424(b)(3) or other applicable
      provision of the Securities Act of 1933, as amended, amending, if necessary,
      the
      list of selling stockholders to include the pledgee, transferee or other
      successors in interest as selling stockholders under this prospectus. The
      selling stockholders also may transfer and donate the Shares in other
      circumstances in which case the transferees, donees, pledgees or other
      successors in interest will be the selling beneficial owners for purposes of
      this prospectus.

     

    The
      selling stockholders and any broker-dealers or agents that are involved in
      selling the Shares may be deemed to be "underwriters" within the meaning of
      the
      Securities Act in connection with such sales. In such event, any commissions
      received by such broker dealers or agents and any profit on the resale of the
      shares purchased by them may be deemed to be underwriting commissions or
      discounts under the Securities Act. Each Selling Stockholder has informed the
      Company that it does not have any written or oral agreement or understanding,
      directly or indirectly, with any person to distribute the Shares. The maximum
      commission or discount to be received by any NASD member or independent
      broker/dealer will not be greater than eight percent (8.0%) for the sale of
      any
      securities registered pursuant to this registration statement. At the time
      a
      particular offering of the Shares is made, a prospectus supplement, if required,
      will be distributed which will set forth the aggregate amount of Shares being
      offered and the terms of the offering, including the name or names of any
      broker-dealers or agents, any discounts, commissions and other terms
      constituting compensation from the selling stockholders and any discounts,
      commissions or concessions allowed or reallowed or paid to
      broker-dealers.

     

    
      
        
        

      

      
        B-4

        
          

        

      

      
        
        

      

    

     

    Under
      the
      securities laws of some states, the Shares may be sold in such states only
      through registered or licensed brokers or dealers. In addition, in some states
      the may not be sold unless such shares have been registered or qualified for
      sale in such state or an exemption from registration or qualification is
      available and is complied with.

     

    There
      can
      be no assurance that any selling stockholder will sell any or all of the Shares
      registered pursuant to the registration statement, of which this prospectus
      forms a part.

     

    The
      selling stockholders and any other person participating in such distribution
      will be subject to applicable provisions of the Securities Exchange Act of
      1934,
      as amended, and the rules and regulations thereunder, including, without
      limitation, Regulation M of the Exchange Act, which may limit the timing of
      purchases and sales of any of the Shares by the selling stockholders and any
      other participating person. Regulation M may also restrict the ability of any
      person engaged in the distribution of the Shares to engage in market-making
      activities with respect to the Shares. All of the foregoing may affect the
      marketability of the Shares and the ability of any person or entity to engage
      in
      market-making activities in respect of the Shares.

     

    We
      will
      pay all expenses of the registration of the Shares pursuant to the registration
      rights agreements, including, without limitation, Securities and Exchange
      Commission filing fees and expenses of compliance with state securities or
      "blue
      sky" laws; provided,
      however,
      that a
      selling stockholder will pay all underwriting discounts and selling commissions,
      if any. We will indemnify the selling stockholders against liabilities,
      including some liabilities under the Securities Act, in accordance with the
      registration rights agreements, or the selling stockholders will be entitled
      to
      contribution. We may be indemnified by the selling stockholders against civil
      liabilities, including liabilities under the Securities Act, that may arise
      from
      any written information furnished to us by the selling stockholder specifically
      for use in this prospectus, in accordance with the related registration rights
      agreements, or we may be entitled to contribution.

     

    Once
      sold
      under the registration statement, of which this prospectus forms a part, the
      Shares will be freely tradable in the hands of persons other than our
      affiliates.

     

    
      
        
        

      

      
        B-5

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