Document:

Unassociated Document

     

    Exhibit
      4.1

    

     

    PROMISSORY
      NOTE

    

    
      	$20,000.00	
              April
                23,
                2008

            

    

    

    FOR
      VALUE
      RECEIVED, and intending to be legally bound, Frezer, Inc. (the “Maker”), hereby
      unconditionally and irrevocably promises to pay to the order of Vero Management,
      LLC (the “Payee”), in lawful money of the United States of America, the sum of
      twenty thousand dollars ($20,000.00) on such date that the Payee, by delivery
      of
      written notice to the Maker, demands payment of all obligations hereunder,
      without
      presentment for payment, diligence, grace, exhibition of this Promissory Note,
      protest, further demand or notice of any kind, all of which are hereby expressly
      waived
      (the
“Maturity Date”). 

    

    Interest
      shall accrue on the outstanding principal balance of this Promissory Note on
      the
      basis of a 360-day year daily from the date the Maker receives the funds from
      the Payee until paid in full at the rate of five percent (5.0%) per annum,
      and
      shall be due and payable at the Maturity Date, or the prepayment date, if any,
      whichever is earlier. This
      Promissory Note may be prepaid in whole or in part at any time or from time
      to
      time prior to the Maturity Date.

     

    For
      purposes of this Promissory Note, an "Event of Default" shall occur if the
      Maker
      shall: (i) fail to pay the entire principal amount of this Promissory Note
      when
      due and payable, (ii) admit in writing its inability to pay any of its monetary
      obligations under this Promissory Note, (iii) make a general assignment of
      its
      assets for the benefit of creditors, or (iv) allow any proceeding to be
      instituted by or against it seeking relief from or by creditors, including,
      without limitation, any bankruptcy proceedings.

    

    In
      the
      event that an Event of Default has occurred, the Payee or any other holder
      of
      this Promissory Note may, by notice to the Maker, declare this entire Promissory
      Note to be forthwith immediately due and payable, without presentment, demand,
      protest or further notice of any kind, all of which are hereby expressly waived
      by the Maker. In the event that an Event of Default consisting of a voluntary
      or
      involuntary bankruptcy filing has occurred, then this entire Promissory Note
      shall automatically become due and payable without any notice or other action
      by
      Payee. Commencing five days after the occurrence of any Event of Default, the
      interest rate on this Note shall accrue at the rate of 18% per
      annum.

    

    The
      nonexercise or delay by the Payee or any other holder of this Promissory Note
      of
      any of its rights hereunder in any particular instance shall not constitute
      a
      waiver thereof in that or any subsequent instance. No waiver of any right shall
      be effective unless in writing signed by the Payee, and no waiver on one or
      more
      occasions shall be conclusive as a bar to or waiver of any right on any other
      occasion.

    

    Should
      any part of the indebtedness evidenced hereby be collected by law or through
      an
      attorney-at-law, the Payee or any other holder of this Promissory Note shall,
      if
      permitted by applicable law, be entitled to collect from the Maker all
      reasonable costs of collection, including, without limitation, attorneys’
fees.

     

    All
      notices and other communications must be in writing to the address of the party
      set forth in the first paragraph hereof and shall be deemed to have been
      received when delivered personally (which shall include via an overnight courier
      service) or, if mailed, three (3) business days after having been mailed by
      registered or certified mail, return receipt requested, postage prepaid. The
      parties may designate by notice to each other any new address for the purpose
      of
      this Promissory Note. 

     

    Maker
      hereby forever waives presentment, demand, presentment for payment, protest,
      notice of protest, and notice of dishonor of this Promissory Note and all other
      demands and notices in connection with the delivery, acceptance, performance
      and
      enforcement of this Promissory Note.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    This
      Promissory Note shall be binding upon the successors and assigns of the Maker,
      and shall be binding upon, and inure to the benefit of, the successors, heirs,
      legatees and assigns of the Payee.

    

    This
      Promissory Note shall be governed by and construed in accordance with the
      internal laws of the State of Nevada. All disputes between the Maker and the
      Payee relating in any way to this Promissory Note shall be resolved only by
      state and federal courts located in Nevada, and the courts to which an appeal
      therefrom may be taken.

    

    IN
      WITNESS WHEREOF, the undersigned Maker has executed this Promissory Note as
      of
      April 23, 2008.

     

    
      	 	MAKER:
	 	 
	 	FREZER, INC. 
	 	 
	 	By:/s/
              Kevin R. Keating 
	 	
              Name:
                Kevin R. Keating

            
	 	
              Title:
                PresidentUnassociated Document

    EXHIBIT
      4.1

     

    SPECIMEN
      UNIT CERTIFICATE

     

    
      	
              NUMBER

            	
               

            	
              UNITS

            
	
              U-___________

            	
               

            	
               

            

    

    

    SEE
      REVERSE FOR

    CERTAIN

    DEFINITIONS

    

    CHINA
      FUNDAMENTAL ACQUISITION CORPORATION

     

    CUSIP
      G2156W 209

     

    UNITS
      CONSISTING OF ONE ORDINARY SHARE AND ONE WARRANT

    TO
      PURCHASE ONE ORDINARY SHARE

    

    

    
      	
              THIS
                CERTIFIES THAT

            	 	 
	
              is
                the owner of

            	
               

            	
               Units.

            

    

    

    

    Each
      Unit
      (“Unit”) consists of one (1) ordinary share, par value $0.001 per share
      (“Ordinary Share”), of CHINA FUNDAMENTAL ACQUISITION CORPORATION, a Cayman
      Islands corporation (the “Company”), and one warrant (the “Warrant”). Each
      Warrant entitles the holder to purchase one (1) Ordinary Share for $5.00 per
      share (subject to adjustment). Each Warrant will become exercisable on the
      later
      of (i) the Company’s completion of an initial business combination with one or
      more target business or (ii) one (1) year from the date of the prospectus
      covering the Warrants and will expire unless exercised before 5:00 p.m., New
      York City Time, on ____________, 2012, or earlier upon redemption (the
“Expiration Date”). The Ordinary Shares and Warrants comprising the Units
      represented by this certificate may trade separately on the 45th day after
      the
      date of the prospectus unless the representative of the underwriters determines
      that an earlier date is acceptable; provided, however, in no event will the
      representative allow separate trading of the ordinary share and warrants until
      the Company files an audited balance sheet with the Securities and Exchange
      Commission reflecting the Company’s receipt of the gross proceeds of the
      offering and issues a press release when such separate trading will begin.
      The
      terms of the Warrants are governed by a Warrant Agreement, dated as of _______,
      2008, between the Company and Continental Stock Transfer & Trust Company, as
      Warrant Agent, and are subject to the terms and provisions contained therein,
      all of which terms and provisions the holder of this certificate consents to
      by
      acceptance hereof. Copies of the Warrant Agreement are on file at the office
      of
      the Warrant Agent at 17 Battery Place, New York, New York 10004, and are
      available to any Warrant holder on written request and without cost. This
      certificate is not valid unless countersigned by the Transfer Agent and
      Registrar of the Company.

     

    Witness
      the facsimile seal of the Company and the facsimile signature of its duly
      authorized officer.

     

    
      	
               By

            	
               

            	 	
               

            	 
	 	 	
              Chief
                Executive Officer

            	 	
               

            

    

    

    

    CHINA
      FUNDAMENTAL ACQUISITION CORPORATION

    CORPORATE

    SEAL

    [2007]

    CAYMAN
      ISLANDS

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    CHINA
      FUNDAMENTAL ACQUISITION CORPORATION

     

    The
      Company will furnish without charge to each stockholder who so requests, a
      statement of the powers, designations, preferences and relative, participating,
      optional or other special rights of each class of stock or series thereof of
      the
      Company and the qualifications, limitations, or restrictions of such preferences
      and/or rights.

     

    The
      following abbreviations, when used in the inscription on the face of this
      certificate, shall be construed as though they were written out in full
      according to applicable laws or regulations:

     

    TEN
      COM -
      as tenants in common

     

    TEN
      ENT -
      as tenants by the entireties

     

    JT
      TEN -
      as joint tenants with right of survivorship and not as tenants in
      common

     

    
      	
              UNIF
                GIFT MIN ACT

            	 	 	
              Custodian

            	 
	 	 	
              (Cust)

            	 	
              (Minor)

            
	 	 	
              under
                Uniform Gifts to Minors 

            
	 	 	
              Act

            	 	 
	 	 	 	
              (State)

            	 

    

     

    Additional
      Abbreviations may also be used though not in the above list.

     

    For
      value
      received, ___________________________ hereby sell, assign and transfer
      unto

     

     

    
      	
              PLEASE
                INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF
                ASSIGNEE

            	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    

    (PLEASE
      PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

     

    
      	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	
              Units

            

    

    represented
      by the within Certificate, and do hereby irrevocably constitute and appoint
      

    
      	 	 	 	 	
              Attorney
                

            

    

    to
      transfer the said Units on the books of the within named Company will full
      power
      of substitution in the premises. 

    

    
      	
              Dated

            	 	 

    

     

     

    
      	 
	
              NOTICE:
                The signature to this assignment must correspond with the name as
                written
                upon the face of the certificate in every particular, without alteration
                or enlargement or any change whatever.

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    Signature(s)
      Guaranteed: 

     

    THE
      SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
      STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP
      IN
      AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE
      17Ad-15). 

     

     

     

     

     

     

    
      
        
        

      

      
        3

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