Document:

CONSULTING
AGREEMENT

    

    This
Consulting Agreement (this “Agreement”) is made and entered into as of this 13th
day of December, 2010 by and between I-Web Media, Inc., a Delaware corporation
dba Heartland Bridge Capital (the “Company”) and RWIP, LLC, an Oregon limited
liability company (the “Consultant”).

    

    RECITALS

    

    WHEREAS, the Company wishes to engage
the consulting services of Consultant as set forth in Section 1 below;
and

    

    WHEREAS, Consultant wishes to provide
the Company with consulting services on the terms and conditions set forth
herein.

    

    NOW,
THEREFORE, in consideration of the mutual promises herein contained, the parties
hereto hereby agree as follows:

    

    1.           CONSULTING
SERVICES

    

    The
Company hereby authorizes, appoints and engages the Consultant to perform the
services set forth in Exhibit A (the
“Services”), in accordance with the terms and conditions set forth in this
Agreement.

    

    2.           TERM
OF AGREEMENT

    

    This
Agreement shall be in full force and effect as of the date hereof through and
including that period which ends one (1) year after the date of this
Agreement.  The Company and the Consultant shall each have the right
to terminate this Agreement in the event of the bankruptcy, insolvency, or
assignment for the benefit of creditors of the other party, in the event the
other party fails to comply with the terms of this Agreement, or on thirty (30)
days written notice.

    

    
      3.          
COMPENSATION
TO CONSULTANT

    

    

    The
Company shall pay Consultant upon reaching the benchmarks set forth on, and in
accordance with, Exhibit
A.

    

    
      	
              4.

            	
              REPRESENTATIONS
      AND WARRANTIES OF CONSULTANT

            

    

    

    
      Consultant
represents and warrants to and agrees with the Company that:

    

    

    
      	
               
      

            	
              a.

            	
              This
      Agreement has been duly authorized, executed, and delivered by
      Consultant.  This Agreement constitutes the valid, legal, and
      binding obligation of Consultant, enforceable in accordance with its
      terms, except as rights to indemnity hereunder may be limited by
      applicable federal or state securities laws, and except as such
      enforceability may be limited by bankruptcy, insolvency, reorganization,
      or similar laws affecting creditor's rights generally;
  and

            

    

    
      
         

      

      
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              b.

            	
              The
      consummation of the transactions contemplated hereby will not result in
      any breach of the terms or conditions of, or constitute a default under,
      any agreement or other instrument to which Consultant is a party, or
      violate any order, applicable to Consultant, of any court or federal or
      state regulatory body or administrative agency having jurisdiction over
      Consultant or over any of its
property.

            

    

    

    
      	
              5.

            	
              REPRESENTATIONS
      AND WARRANTIES OF THE COMPANY.

            

    

    

    The
Company hereby represents, warrants, covenants to, and agrees with Consultant
that:

    

    
      	
               
      

            	
              a.

            	
              This
      Agreement has been duly authorized and executed by the
      Company.  This Agreement constitutes the valid, legal, and
      binding obligation of the Company, enforceable in accordance with its
      terms, except as rights to indemnity hereunder may be limited by
      applicable federal or state securities laws, except in each case as such
      enforceability may be limited by bankruptcy, insolvency, reorganization or
      similar laws affecting creditor's rights
  generally.

            

    

    

    
      	
               
      

            	
              b.

            	
              The
      consummation of the transactions contemplated hereby will not result in
      any breach of the terms or conditions of, or constitute a default under,
      any agreement or other instrument to which the Company is a party, or
      violate any order, applicable to the Company, of any court or federal or
      state regulatory body or administrative agency having jurisdiction over
      the Company or over any of its
property.

            

    

    

    
      	
               
      

            	
              c.

            	
              There
      is not now pending or, to the knowledge of the Company, threatened, any
      undisclosed action, suit or proceeding to which the Company is a party
      before or by any court or governmental agency or body which might result
      in a material adverse change in the financial condition of the
      Company.  The performance of this Agreement and the consummation
      of the transactions contemplated hereby will not result in a breach of the
      terms or conditions of, or constitute a default under, any statute,
      indenture, mortgage or other material Agreement or instrument to which the
      Company is a party, or violate any order, applicable to the Company, or
      governmental agency having jurisdiction over the Company or over any of
      its property.

            

    

    
      
         

      

      
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    6.           The
parties hereto agree that the Company shall be responsible for any and all costs
and expenses reasonably incurred by Consultant in performing his duties
hereunder, including but not limited to legal fees, printing costs, fees paid to
third-party professionals, etc.  No expense to be reimbursed by the
Company in excess of $1,000 shall be incurred by Consultant without the prior
written approval of the Company.  The parties agree that certain
outside vendors will employed to support critical benchmarks in Exhibit A. All
outside vendor contracts will be approved in advance by the company and will be
contracted directly with the help of the consultant.

    

    7.           INDEPENDENT
CONTRACTOR

    

    Both the
Company and the Consultant agree that the Consultant will act as an independent
contractor in the performance of his duties under this Agreement. Nothing
contained in this Agreement shall be construed to imply that Consultant, or any
employee, agent or other authorized representative of Consultant, is a partner,
joint venturer, agent, officer or employee of the Company.  Neither
party hereto shall have any authority to bind the other in any respect vis a vis
any third party, it being intended that each shall remain an independent
contractor and responsible only for its own actions.  Consultant shall
have no claim or action against the Company based on an employment relationship
between the Company and Consultant, and Consultant shall be responsible for any
and all taxes owed for any compensation paid to Consultant by the Company under
this Agreement.

    

    8.           WORK
PRODUCT

    

    Any works, ideas, discoveries,
inventions, patents, products, copyrights, trademarks, intellectual property, or
other information (collectively, the “Work Product”) developed in whole or in
part by Consultant, or its permitted assignees, in connection with the Services
shall be the exclusive property of the Company and held in the name of the
Company.  Upon request, Consultant shall sign all documents necessary
to confirm or perfect the exclusive ownership of the Company to the Work
Product.

    

    9.           NOTICES

    

    Any
notice, request, demand, or other communication given pursuant to the terms of
this Agreement shall be hand delivered, sent via facsimile, or sent via
overnight courier, and shall be deemed given upon delivery, correctly addressed
to the addresses of the parties indicated below or at such other address as such
party shall in writing have advised the other party.

    

    If to the
Company:

    

    James F.
Groelinger

    Chief
Executive Officer

    I-Web
Media, Inc.

    1
International Boulevard, Suite 400

    Mahwah,
NJ  07495

    E-mail:
jgroelinger@hbcapital.com

    Fax:  (518)
252-3917

    
      
         

      

      
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              With
      a copy to:

            	
              Craig
      V. Butler, Esq.

            

    

    The Lebrecht Group, APLC

    9900 Research Drive

    Irvine,
CA  92628

    Fax: (949) 635-1244

    

    If to
Consultant:

    

    RWIP,
LLC

    __________________________

    __________________________

    Attn.

    Fax:

    

    10.         ASSIGNMENT

    

    The
Consultant acknowledges that the services to be rendered by RWIP are unique and
personal.  Accordingly, the Consultant may not assign any of his
rights or delegate any of their duties or obligations under this Agreement,
except to the principals of RWIP or to entities controlled by the principals of
RWIP, without the express written consent of the Company.  The rights
and obligations of the Company under this Agreement shall inure to the benefit
of and shall be binding upon the successors and assigns of the
Company.

    

    11.         CHOICE
OF LAW AND VENUE

    

    This
Agreement is executed pursuant to and shall be interpreted and governed for all
purposes under the laws of the State of Texas.  Any cause of action
brought to enforce any provision of this Agreement shall be brought in the
appropriate court in Fort Bend County, Texas.  If any provision of
this Agreement is declared void, such provision shall be deemed severed from
this Agreement, which shall otherwise remain in full force and
effect.  This Agreement shall supersede any previous agreements,
written or oral, expressed or implied, between the parties relating to the
subject matter hereof.

    

    12.         DISPUTE
RESOLUTION

    

    In the event of any controversy,
dispute, or claim arising out of or related to this Agreement or the breach
thereof, the Company and Consultant agree to meet and confer in good faith to
attempt to resolve the controversy, dispute, or claim without an adversary
proceeding.  If the controversy, dispute, or claim is not resolved to the
mutual satisfaction of the Company and Consultant within ten (10) business days
of notice of the controversy, dispute, or claim, the Company and Consultant
agree to waive their rights, if any, to a jury trial, and to submit the
controversy, dispute, or claim to a retired judge or justice for binding
arbitration in accordance with the Commercial Arbitration Rules of the American
Arbitration Association.  The Company and Consultant agree that the
only proper venue for the submission of claims shall be the Fort Bend County,
Texas.  Judgment on the award rendered by the arbitrator(s) may be entered
in any court having jurisdiction thereof.  Any dispute resolution
proceedings contemplated by this provision shall be as confidential and private
as permitted by law.

    
      
         

      

      
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    13.         NONDISCLOSURE

    

    Consultant
acknowledges that the list of the Company’s customers, manufacturing contacts,
financial documents, and other proprietary information, as may be specified by
the Company, as it may exist from time to time are valuable, special and unique
assets of the Company’s business.  “Confidential Information” means
data, information, technology, samples and specimens relating solely to the
Products, The Consultant will not, during or after the term of this Agreement,
disclose such information, as specified by the Company, or any part thereof, to
any person, firm, corporation, association, or other entity for any reason or
purpose whatsoever.  This obligation of confidence does not apply to
information, which is known to the Consultant prior to its receipt from the
Company, information that is or becomes available to the public through no act
or omission of the Consultant, information received from a third party, or
information that is independently developed by the Consultant.  In the
event of a breach or threatened breach by the Consultant of the provisions of
this paragraph, the Company shall be entitled to an injunction restraining the
Consultant from disclosing, in whole or in part, this information, or from
rendering any service to any person, firm, corporation, association, or other
entity to whom such information, in whole or in part, has been disclosed or is
threatened to be disclosed.  Nothing herein shall be construed as
prohibiting the Company form pursuing any other remedies available to the
Company for such breach or threatened breach, including the recovery of damages
from the Consultant.

    

    14.         ENTIRE
AGREEMENT

    

    Except as
provided herein, this Agreement, including exhibits, contains the entire
agreement of the parties, and supersedes all existing negotiations,
representations, or agreements and all other oral, written, or other
communications between them concerning the subject matter of this Agreement.
There are no representations, agreements, arrangements, or understandings, oral
or written, between and among the parties hereto relating to the subject matter
of this Agreement that are not fully expressed herein.

    

    15.         SEVERABILITY

    

    If any
provision of this Agreement is unenforceable, invalid, or violates applicable
law, such provision, or unenforceable portion of such provision, shall be deemed
stricken and shall not affect the enforceability of any other provisions of this
Agreement.

    
      
         

      

      
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    16.         CAPTIONS

    

    The
captions in this Agreement are inserted only as a matter of convenience and for
reference and shall not be deemed to define, limit, enlarge, or describe the
scope of this Agreement or the relationship of the parties, and shall not affect
this Agreement or the construction of any provisions herein.

    

    17.         COUNTERPARTS

    

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

    

    18.         MODIFICATION

    

    No
change, modification, addition, or amendment to this Agreement shall be valid
unless in writing and signed by all parties hereto.

    

    19.         ATTORNEYS
FEES

    

    Except as
otherwise provided herein, if a dispute should arise between the parties
including, but not limited to arbitration, the prevailing party shall be
reimbursed by the non-prevailing party for all reasonable expenses incurred in
resolving such dispute, including reasonable attorneys' fees.

    

    [remainder
of page intentionally left blank; signature page to follow]

    
      
         

      

      
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    IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first written above.

    

    
      
        
          
            
              
                	
                        “Company”

                      	 
      	
                        “Consultant”

                      	 
	 
      	 
      	 
      	 
	
                        I-Web
      Media, Inc.

                      	 
      	
                        RWIP,
      LLC

                      	 
	
                        a
      Delaware corporation

                      	 
      	
                        an
      Oregon limited liability company

                      	 
	 
      	 
      	 
      	 
	 
      	
                        /s/ James F. Groelinger

                      	 
      	 
      	
                        /s/ Amanda Matthews

                      	 
	
                        By:

                      	
                        James
      F. Groelinger

                      	 
      	
                        By:

                      	
                        Amanda
      Matthews

                      	 
	
                        Its:

                      	
                        Chief
      Executive Officer

                      	 
      	
                        President
      of Fandeck, Inc., the General

                        Partner
      of Rivercoach Partners, LP, the

                        Managing
      Member of RWIP LLC

                      	 

              

            

          

        

      

    

    
      
         

      

      
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    Exhibit
A

    

    Services

    

    
      
        
          
            
              	
                      Date (1)

                    	 	
                      Payment

                    	 	
                      Tasks Completed (1)

                    
	 
      	 	 
      	 	 
      
	
                      December
      13, 2010

                    	 	
                      $2,500

                    	 	
                      Upfront
      Payment

                    
	
                      January
      15, 2011

                      February
      15, 2011- May 14, 2011

                    	 	
                      $$27,500

                      $10,000/mo

                    	 	
                      -Retainer

                       Outline
      design criteria

                      -
      Integrate Concept Test data into design criteria

                      -
      Design clinical prototype

                      -
      Evaluate manufacturing design

                      -
      Make clinical prototypes

                      -
      Write clinical test protocol, choose site, and obtain IRB
      approval

                      -
      Design concept research to project trial rates

                    
	 
      	 	 
      	 	 
      
	
                      May
      15, 2011 – June 14, 2011

                    	 	
                      $10,000/mo.

                    	 	
                      -
      Determine number of tampon uses now and growth rates in U.S. and worldwide
      market

                      -
      Determine best distribution model for consumer penetration

                      -
      Estimate early and later adopter trial numbers

                      -
      Trial rates are then adjusted for awareness and availability

                      -
      Repeat rates need to be estimated and then tested

                      -
      Decay rate can then be estimated and applied

                      -
      Volume rates and pricing can then be developed

                    
	
                      June
      15, 2011 – September 14, 2011

                    	 	
                      $10,000/mo.

                    	 	
                      -
      Each potential worldwide development and distribution partner will be
      studied

                      -
      After review a plan will be designed to present materials and begin
      partnership
process

                    

            

          

        

      

    

    
      
         

      

      
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                  -
      Most partners will require NDA’s in place and therefore will need our
      patent to be published in order to begin contact

                
	
                  September
      15, 2011 – December 15, 2011

                	 	
                  $10,000/mo.

                	 	
                  -
      Outline 510k plan

                  -
      Write and submit 510k

                

        

      

    

    

    (1)  Dates
are estimated.

    
      
         

      

      
        Page 9 of
9EXHIBIT
4.4

     

    FORM
OF WARRANT AGREEMENT

    

    This
Warrant Agreement (the “Agreement”) made as of _____,
2010, between SMG Indium Resources Ltd., a Delaware corporation, with offices at
41 University Drive, Suite 400, Newton, Pennsylvania 18940 (the “Company”), and Continental
Stock Transfer & Trust Company, a New York corporation, with offices at 17
Battery Place, New York, New York 10004 (the “Warrant Agent”).

    

    WHEREAS,
the Company has undertaken a public offering (the “Public Offering”) of units of
the Company (the “Units”), each Unit consisting
of one share of common stock, par value $.001 per share, of the Company (the
“Common Stock”) and one
warrant exercisable for one share of Common Stock, and in connection therewith,
has determined to issue and deliver (i) 10,000,000 Warrants (the “Public Warrants”) to the
public investors and (ii) 500,000 Warrants to Sunrise Securities Corp. and
Rodman & Renshaw, LLC (the “Representatives”) or its
designees (the “Representatives’ Warrants”
and, together with the Public Warrants, the “Warrants”), in each case
subject to adjustments as described herein;

    

    WHEREAS,
the Company has filed, with the Securities and Exchange Commission (the “Commission”), a registration
statement, No. 333-165930, on Form S-1 (the “Registration Statement”) for
the registration, under the Securities Act of 1933, as amended (the “Act”), of, among other
securities, the Public Warrants and the Representative’s Warrants and the Common
Stock issuable upon exercise of the Public Warrants and the Representative’s
Warrants;

    

    WHEREAS,
the Company desires the Warrant Agent to act on behalf of the Company, and the
Warrant Agent is willing to so act, in connection with the issuance,
registration, transfer, exchange, redemption, exercise and cancellation of the
Warrants;

    

    WHEREAS,
the Company desires to provide for the form and provisions of the Warrants, the
terms upon which they shall be issued and exercised, and the respective rights,
limitation of rights and immunities of the Company, the Warrant Agent and the
holders of the Warrants; and

    

    WHEREAS,
all acts and things have been done and performed which are necessary to make the
Warrants, when executed on behalf of the Company and countersigned by or on
behalf of the Warrant Agent, as provided herein, the legally valid and binding
obligations of the Company, and to authorize the execution and delivery of this
Agreement.

    

    NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the
parties hereto agree as follows:

    

    1. Appointment of Warrant
Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the
Warrant Agent hereby accepts such appointment and agrees to perform the same in
accordance with the terms and conditions set forth in this
Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    2. Warrants.

    

    2.1 Form of Public
Warrant. Each Warrant shall be issued in registered form only, shall be
in substantially the form of Warrant attached hereto as Exhibit A, the
provisions of which are incorporated herein, and shall be signed by, or bear the
facsimile signature of, (i) the Chairman of the Board, the Chief Executive
Officer or the President, and (ii) the Treasurer, Secretary or Assistant
Secretary of the Company, and shall bear a facsimile of the Company’s seal. In
the event the person whose facsimile signature has been placed upon any Warrant
shall have ceased to serve in the capacity in which such person signed the
Warrant before such Warrant is issued, it may be issued with the same effect as
if he or she had not ceased to be such at the date of issuance.

    

    2.2 Form of Representatives’
Warrant. The Representatives’ Warrants will be issued in the same form as
the Public Warrants, except that each of the Representatives’ Warrants, (i) is
exercisable at a price equal to 110% of the exercise price of the Public
Warrants, (ii) subject to certain limited exceptions described below, will not
be transferable or salable for a period of one year after the date of the final
prospectus included in the Registration Statement, (ii) will be exercisable on a
cashless basis in accordance with Section 3.1(b) hereof, (iv) will not be
redeemable by the Company, and (v) may be exercised for unregistered shares so
long as a registration statement relating to the Common Stock issuable upon
exercise of the warrants is not effective and current.

    

    2.3 Effect of
Countersignature. Unless and until countersigned by the Warrant Agent
pursuant to this Warrant Agreement, a Warrant shall be invalid and of no effect
and may not be exercised by the holder thereof.

    

    2.4 Registration.

    

    2.4.1
Warrant
Register. The Warrant Agent shall maintain books (“Warrant Register”), for the
registration of the original issuance and registration of transfers of the
Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall
issue and register the Warrants in the names of the respective holders thereof
in such denominations and otherwise in accordance with instructions delivered to
the Warrant Agent by the Company.

    

    2.4.2
Registered
Holder. Prior to due presentment for registration of transfer of any
Warrant, the Company and the Warrant Agent may deem and treat the person in
whose name such Warrant shall be registered upon the Warrant Register (“Registered Holder”), as the
absolute owner of such Warrant and of each Warrant represented thereby
(notwithstanding any notation of ownership or other writing on the warrant
certificate made by anyone other than the Company or the Warrant Agent), for the
purpose of any exercise thereof, and for all other purposes, and neither the
Company nor the Warrant Agent shall be affected by any notice to the
contrary.

    

    2.5 Detachability of
Warrants. The securities comprising the Units may trade separately
beginning on the 90th day
after the effective date of the registration statement unless the
Representatives determines that an earlier date is acceptable, but in no event
will the Representatives permit separate trading of the common stock and
warrants until the business day following the earlier to occur of (i) the
expiration or termination of the underwriters’ over-allotment option or (ii) its
exercise in full (the “Detachment
Date”).

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    3. Terms and Exercise of
Warrants.

    

    3.1 Warrant Price. Each
Public Warrant shall, when countersigned by the Warrant Agent, entitle the
registered holder thereof, subject to the provisions of such Public Warrant and
of this Agreement, to purchase from the Company the number of shares of Common
Stock stated therein, at the price of $5.75 per whole share, subject to the
adjustments provided in Section 4 hereof and in the last sentence of this
Section 3.1. Each Representative’s Warrant shall, when countersigned by the
Warrant Agent, entitle the registered holder thereof, subject to the provisions
of such Representative’s Warrant and of this Agreement, to purchase from the
Company the number of shares of Common Stock stated therein, at the price of
$5.50 per whole share, subject to the adjustments provided in Section 4 hereof
and in the last sentence of this Section 3.1. The term “Warrant Price” as used in this
Agreement refers to the price per share at which Common Stock may be purchased
at the time a Warrant is exercised. The Company, in its sole discretion, may
lower the Warrant Price at any time prior to the Expiration Date (as defined
below); provided, however, that any change in the Warrant Price must apply
equally to all of the Warrants, and provided further that any amendment to the
term of the Representative’s Warrants shall be subject to any limitations and
conditions that may be imposed by FINRA Corporate Finance Rule 2710, and
provided further that any reduction in Warrant Price shall remain in effect for
at least twenty (20) business days.

     

    3.2 Duration of Warrants.
Except as set forth in this Section 3.2, a Warrant may be exercised only during
the period (“Exercise
Period”) commencing immediately upon the effectiveness of the
Registration Statement, and terminating at 5:00 p.m., New York City time, on the
earlier to occur of (i) _______, 2015 and (ii) the date fixed for redemption of
the Warrants as provided in Section 6 of this Agreement (“Expiration Date”). Except with
respect to the right to receive the Redemption Price (as set forth in Section 6
hereunder), each Warrant not exercised on or before the Expiration Date shall
become void, and all rights thereunder and all rights in respect thereof under
this Agreement shall cease at the close of business on the Expiration Date. The
Company, in its sole discretion, may extend the duration of the Warrants by
delaying the Expiration Date; provided, however, that any such extension of the
duration of the Warrants shall apply equally to all of the Warrants, except that
any amendment to the terms of the Representative’s Warrants shall be subject to
any limitations and conditions that may be imposed by FINRA Corporate Finance
Rule 2710. Should the Company wish to extend the Expiration Date of the
Warrants, the Company shall provide at least twenty (20) days advance notice to
the NASDAQ Stock Market, LLC (or the principal trading market for the Warrants)
of such extension.

     

     Notwithstanding
the foregoing, a Warrant can expire unexercised regardless of whether a
registration statement is current under the Act with respect to the Common Stock
issuable upon exercise of the Warrants.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    3.3 Exercise of
Warrants.

    

    3.3.1
Payment.
Subject to the provisions of the Warrant and this Warrant Agreement, a Warrant,
when countersigned by the Warrant Agent, may be exercised by the registered
holder thereof by surrendering it, at the office of the Warrant Agent, or at the
office of its successor as Warrant Agent, in the Borough of Manhattan, City and
State of New York, with the subscription form, as set forth in the Warrant, duly
executed, and by paying in full, the Warrant Price for each whole share of
Common Stock as to which the Warrant is exercised and any and all applicable
taxes due in connection with the exercise of the Warrant, the exchange of the
Warrant for the Common Stock, and the issuance of the Common Stock, as
follows:

    

     (a)
good certified check or good bank draft payable to the order of the Company (or
as otherwise agreed to by the Company); or

    

     (b)
with respect to any Representatives’ Warrants, by surrendering such
Representatives’ Warrants for that number of shares of Common Stock equal to the
quotient obtained by dividing (x) the product of the number of shares of Common
Stock underlying the Representatives’ Warrants, multiplied by the difference
between the Warrant Price and the Fair Market Value (as defined below) by (y)
the Fair Market Value. Solely for purposes of this Section 3.3.1(b), the “Fair
Market Value” shall mean the average reported last sale price of the Common
Stock for the five trading days ending on the trading day prior to the date on
which the Representatives’ Warrants are exercised.

    

    3.3.2
Issuance of
Certificates. As soon as practicable after the exercise of any Warrant
and the clearance of the funds in payment of the Warrant Price, the Company
shall issue to the registered holder of such Warrant a certificate or
certificates representing the number of full shares of Common Stock to which he,
she or it is entitled, registered in such name or names as may be directed by
him, her or it, and, if such Warrant shall not have been exercised in full, a
new countersigned Warrant for the number of shares as to which such Warrant
shall not have been exercised.

    

    3.3.3
Valid Issuance.
All shares of Common Stock issued upon the proper exercise of a Warrant in
conformity with this Agreement shall be validly issued, fully paid and
nonassessable.

    

    3.3.4
Date of
Issuance. Each person or entity in whose name any such certificate for
shares of Common Stock is issued shall, for all purposes, be deemed to have
become the holder of record of such shares on the date on which the Warrant was
surrendered and payment of the Warrant Price was made, irrespective of the date
of delivery of such certificate, except that, if the date of such surrender and
payment is a date when the stock transfer books of the Company are closed, such
person shall be deemed to have become the holder of such shares at the close of
business on the next succeeding date on which the stock transfer books are
open.

    

    4. Adjustments.

    

    4.1 Stock Dividends -
Split-Ups. If, at any time during the Exercise Period, and subject to the
provisions of Section 4.6 below, the number of outstanding shares of Common
Stock is increased by a stock dividend payable in shares of Common Stock, or by
a split-up of shares of Common Stock, or other similar event, then, on the
effective date of such stock dividend, split-up or similar event, the number of
shares of Common Stock issuable on exercise of each Warrant shall be increased
in proportion to such increase in outstanding shares of Common
Stock.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    4.2 Extraordinary
Dividends. If the Company, at any time during the Exercise Period, shall
pay a dividend or make a distribution in cash, securities or other assets to the
holders of Common Stock (or other shares of the Company’s capital stock into
which the Warrants are convertible), other than (i) as described in Sections
4.1, 4.3 or 4.5, (ii) regular quarterly or other periodic dividends, (iii) in
connection with the Company’s liquidation and the distribution of its assets
(any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then
the Warrant Price shall be decreased, effective immediately after the effective
date of such Extraordinary Dividend, by the amount of cash and/or the fair
market value (as determined by the Company’s Board of Directors, in good faith)
of any securities or other assets paid on each share of Common Stock in respect
of such Extraordinary Dividend.

    

    4.3 Aggregation of
Shares. If after the date hereof, and subject to the provisions of
Section 4.6, the number of outstanding shares of Common Stock is decreased by a
consolidation, combination, reverse stock split or reclassification of shares of
Common Stock or other similar event, then, on the effective date of such
consolidation, combination, reverse stock split, reclassification or similar
event, the number of shares of Common Stock issuable on exercise of each Warrant
shall be decreased in proportion to such decrease in outstanding shares of
Common Stock.

    

    4.4 Adjustments in Exercise
Price. Whenever the number of shares of Common Stock purchasable upon the
exercise of the Warrants is adjusted, as provided in Sections 4.1, 4.2 and 4.3
above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying
such Warrant Price, immediately prior to such adjustment, by a fraction, (i) the
numerator of which shall be the number of shares of Common Stock purchasable
upon the exercise of the Warrants immediately prior to such adjustment, and (ii)
the denominator of which shall be the number of shares of Common Stock so
purchasable immediately thereafter.

    

    4.5 Replacement of Securities
upon Reorganization, etc. In case of any reclassification or
reorganization of the outstanding shares of Common Stock (other than a change
covered by Sections 4.1, 4.2 or 4.3 hereof or one that solely affects the par
value of such shares of Common Stock), or, in the case of any merger or
consolidation of the Company with or into another corporation (other than a
consolidation or merger in which the Company is the continuing corporation and
that does not result in any reclassification or reorganization of the
outstanding shares of Common Stock), or, in the case of any sale or conveyance
to another corporation or entity of the assets or other property of the Company
as an entirety or substantially as an entirety, in connection with which the
Company is dissolved, the Warrant holders shall thereafter have the right to
purchase and receive, upon the basis and upon the terms and conditions specified
in the Warrants and in lieu of the shares of Common Stock of the Company
immediately theretofore purchasable and receivable upon the exercise of the
rights represented thereby, the kind and amount of shares of stock or other
securities or property (including cash) receivable upon such reclassification,
reorganization, merger or consolidation, or upon a dissolution following any
such sale or transfer, that the Warrant holder would have received if such
Warrant holder had exercised his, her or its Warrant(s) immediately prior to
such event; and if any reclassification also results in a change in shares of
Common Stock covered by Sections 4.1, 4.2 or 4.3, then such adjustment shall be
made pursuant to Sections 4.1, 4.2, 4.3, 4.4 and this Section 4.5. The
provisions of this Section 4.5 shall similarly apply to successive
reclassifications, reorganizations, mergers or consolidations, sales or other
transfers.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    4.6 Notices of Changes in
Warrant. Upon every adjustment of the Warrant Price or the number of
shares issuable upon exercise of a Warrant, the Company shall give written
notice thereof to the Warrant Agent, which notice shall state the Warrant Price
resulting from such adjustment and the increase or decrease, if any, in the
number of shares purchasable at such price upon the exercise of a Warrant,
setting forth in reasonable detail the method of calculation and the facts upon
which such calculation is based. Upon the occurrence of any event specified in
Sections 4.1, 4.2, 4.3, 4.4 or 4.5 the Company shall give written notice to each
Warrant holder, at the last address set forth for such holder in the Warrant
Register, of the record date or the effective date of the event. Failure to give
such notice, or any defect therein, shall not affect the legality or validity of
such event.

    

    4.7 No Fractional Shares.
Notwithstanding any provision contained in this Agreement to the contrary, the
Company shall not issue fractional shares upon exercise of Warrants. If, by
reason of any adjustment made pursuant to this Section 4, the holder of any
Warrant would be entitled, upon the exercise of such Warrant, to receive a
fractional interest in a share, the Company shall, upon such exercise, round up
to the nearest whole number the number of the shares of Common Stock to be
issued to the Warrant holder.

    

    4.8 Form of Warrant. The
form of Warrant need not be changed because of any adjustment pursuant to this
Section 4, and Warrants issued after such adjustment may state the same Warrant
Price and the same number of shares as is stated in the Warrants initially
issued pursuant to this Agreement. However, the Company may, at any time, in its
sole discretion, make any change in the form of Warrant that the Company may
deem appropriate and that does not affect the substance thereof, and any Warrant
thereafter issued or countersigned, whether in exchange or substitution for an
outstanding Warrant or otherwise, may be in the form as so changed.

    

    5. Transfer and Exchange of
Warrants.

    

    5.1 Transfer of Warrants.
Prior to the Detachment Date, the Public Warrants may be transferred or
exchanged only together with the Unit in which such Warrant is included, and
only for the purpose of effecting, or in conjunction with, a transfer or
exchange of such Unit. Furthermore, each transfer of a Public Unit on the
register relating to such Units shall operate also to transfer the Warrants
included in such Unit. From and after the Detachment Date this Section 5.1 will
have no further force and effect.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    5.2 Registration of
Transfer. The Warrant Agent shall register the transfer, from time to
time, of any outstanding Warrant into the Warrant Register, upon surrender of
such Warrant for transfer, properly endorsed with signatures properly guaranteed
and accompanied by appropriate instructions for transfer. Upon any such
transfer, a new Warrant representing an equal aggregate number of Warrants shall
be issued and the old Warrant shall be cancelled by the Warrant Agent. The
Warrants so cancelled shall be delivered by the Warrant Agent to the Company
from time to time upon the Company’s request.

    

    5.3 Procedure for Surrender of
Warrants. Warrants may be surrendered to the Warrant Agent, together with
a written request for exchange or transfer, and, thereupon, the Warrant Agent
shall issue in exchange therefor one or more new Warrants as requested by the
registered holder of the Warrants so surrendered, representing an equal
aggregate number of Warrants; provided, however, that in the event a Warrant
surrendered for transfer bears a restrictive legend, the Warrant Agent shall not
cancel such Warrant and shall issue new Warrants in exchange therefor until the
Warrant Agent has received an opinion of counsel for the Company stating that
such transfer may be made and indicating whether the new Warrants must also bear
a restrictive legend.

    

    5.3 Fractional Warrants.
The Warrant Agent shall not be required to effect any registration of transfer
or exchange which will result in the issuance of a warrant certificate for a
fraction of a warrant.

    

    5.4 Service Charges. No
service charge shall be made for any exchange or registration of transfer of
Warrants.

    

    5.5 Warrant Execution and
Countersignature. The Warrant Agent is hereby authorized to countersign
and to deliver, in accordance with the terms of this Agreement, the Warrants
required to be issued pursuant to the provisions of this Section 5, and the
Company, whenever required by the Warrant Agent, will supply the Warrant Agent
with Warrants duly executed on behalf of the Company for such
purpose.

    

    6. Redemption.

    

    6.1 Redemption. Subject
to Section 6.4 hereof, not less than all of the outstanding Warrants may be
redeemed, at the option of the Company, at any time after they become
exercisable and prior to their expiration, at the office of the Warrant Agent,
upon the notice referred to in Section 6.2 hereof, at a redemption price of $.01
per Warrant (the “Redemption
Price”), provided that (i) the last sales price of the Common Stock has
been equal to or greater than $8.00 per share (the “Trigger Price”) for any twenty
(20) trading days within a thirty (30) trading day period ending on the third
business day prior to the date on which notice of redemption is given and (ii)
the Public Warrants and the shares of Common Stock underlying such Warrants are
covered by an effective registration statement and a current prospectus from the
beginning of the measurement period through the date fixed for redemption. The
provisions of this Section 6.1 may not be modified, amended or deleted without
the prior written consent of the Representatives.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    6.2 Date Fixed for, and Notice
of, Redemption. In the event the Company shall elect to redeem all of the
Warrants, the Company shall fix a date for the redemption (the “Redemption Date”), which shall
be prior to the expiration of the Warrants. Notice of redemption shall be mailed
by first class mail, postage prepaid, by the Company not less than thirty (30)
days prior to the date fixed for redemption to the registered holders of the
Warrants to be redeemed at their last addresses as they shall appear on the
Warrant Register. Any notice mailed in the manner herein provided shall be
conclusively presumed to have been duly given on the date sent, whether or not
the registered holder received such notice. In the event of any adjustment to
the Warrant Price or the number of shares of Common Stock issuable on exercise
of each Warrant as provided in Section 4, a proportional adjustment shall be
made to the Trigger Price.

    

    6.3 Exercise After Notice of
Redemption. The Warrants may be exercised in accordance with Section 3 of
this Warrant Agreement at any time after notice of redemption shall have been
given by the Company pursuant to Section 6.2 hereof and prior to the time and
date fixed for redemption. On and after the redemption date, the record holder
of the Warrants shall have no further rights except to receive, upon surrender
of the Warrants, the Redemption Price.

    

    6.4 No Other Rights to Cash
Payment. Except for a redemption in accordance with this Section 6, no
holder of any Warrant shall be entitled to any cash payment whatsoever from the
Company in connection with the ownership, exercise or surrender of any Warrant
under this Agreement, regardless of whether a registration statement is current
under the Act with respect to the Common Stock issuable upon exercise of the
Warrants.

    

    7. Other Provisions Relating to
Rights of Holders of Warrants.

    

    7.1 No Rights as
Stockholder. A Warrant does not entitle the registered holder thereof to
any of the rights of a stockholder of the Company, including, without
limitation, the right to receive dividends, or other distributions, exercise any
preemptive rights to vote or to consent or to receive notice as stockholders in
respect of the meetings of stockholders or the election of directors of the
Company or any other matter.

    

    7.2 Lost, Stolen, Mutilated, or
Destroyed Warrants. If any Warrant is lost, stolen, mutilated or
destroyed, the Company and the Warrant Agent may, on such terms as to indemnity
or otherwise as they may in their discretion impose (which terms shall, in the
case of a mutilated Warrant, include the surrender thereof), issue a new Warrant
of like denomination, tenor and date as the Warrant so lost, stolen, mutilated
or destroyed. Any such new Warrant shall constitute a substitute contractual
obligation of the Company, whether or not the allegedly lost, stolen, mutilated
or destroyed Warrant shall be at any time enforceable by anyone.

    

    7.3 Reservation of Common
Stock. The Company shall at all times reserve and keep available a number
of its authorized but unissued shares of Common Stock that will be sufficient to
permit the exercise in full of all outstanding Warrants issued pursuant to this
Agreement.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    7.4 Registration of Common
Stock. The Company agrees that, prior to the commencement of the Exercise
Period, it shall file with the Commission a post-effective amendment to the
Registration Statement, or a new registration statement, for the registration
under the Act of, and it shall take such action as is necessary to qualify for
sale in those states in which the Public Warrants and the Representative’s
Warrants were initially offered by the Company, the Common Stock issuable upon
exercise of the Public Warrants and the Representative’s Warrants. In either
case, the Company will use its best efforts to cause the same to become
effective on or prior to the commencement of the Exercise Period, to maintain
the effectiveness of such registration statement and to ensure that a current
prospectus is on file with the Commission until the expiration or redemption of
the Warrants in accordance with the provisions of this Agreement; provided,
however, that the Company shall not be obligated to deliver shares of Common
Stock issuable upon exercise of the Public Warrants, and shall not have
penalties nor be liable to the Warrant holder for failure to deliver shares, if
a registration statement is not effective or a current prospectus is not on file
with the Commission at the time of exercise of the Public Warrant by a holder.
In addition, the Company agrees to use its reasonable efforts to register such
securities under the blue sky laws of the states of residence of the exercising
warrant holders to the extent an exemption is not available. The provisions of
this Section 7.4 may not be modified, amended or deleted without the prior
written consent of the Representative.

    

    7.5 Delivery of Prospectus or
Notice. Upon the exercise of any Warrant, if the Company requests, the
Warrant Agent shall deliver to the holder of such Warrant, prior to or
concurrently with the delivery of the shares of Common Stock issuable upon such
exercise, in accordance with the Company’s request, either (i) a prospectus
relating to the shares of Common Stock deliverable upon exercise of the Warrants
and complying in all material respects with the Act or (ii) the notice referred
to in Rule 173 under the Act.

    

    7.6 Limitation on Monetary
Damages. In no event shall the registered holder of a Public Warrant be
entitled to receive monetary damages for failure to settle any Warrant exercise
if the Common Stock issuable upon exercise of the Public Warrants has not been
registered with the Securities and Exchange Commission pursuant to an effective
registration statement or if a current prospectus is not available for delivery
by the Warrant Agent, provided the Company has fulfilled its obligations under
Section 7.4 to use its best efforts to effect the registration under the Act of
the Common Stock issuable upon exercise of the Warrants.

    

    8. Concerning the Warrant Agent
and Other Matters.

    

    8.1 Payment of Taxes. The
Company will, from time to time, promptly pay all taxes and charges that may be
imposed upon the Company or the Warrant Agent in respect of the issuance or
delivery of shares of Common Stock upon the exercise of Warrants, but the
Company shall not be obligated to pay any transfer taxes in respect of the
Warrants or such shares.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    8.2 Resignation, Consolidation,
or Merger of Warrant Agent.

    

    8.2.1
Appointment of
Successor Warrant Agent. The Warrant Agent, or any successor to it
hereafter appointed, may resign its duties and be discharged from all further
duties and liabilities hereunder after giving sixty (60) days’ notice in writing
to the Company. If the office of the Warrant Agent becomes vacant by resignation
or incapacity to act or otherwise, the Company shall appoint, in writing, a
successor Warrant Agent in place of the Warrant Agent. If the Company shall fail
to make such appointment within a period of thirty (30) days after it has been
notified in writing of such resignation or incapacity by the Warrant Agent or by
the holder of the Warrant (who shall, with such notice, submit his, her or its
Warrant for inspection by the Company), then the holder of any Warrant may apply
to the Supreme Court of the State of New York for the County of New York for the
appointment of a successor Warrant Agent. Any successor Warrant Agent, whether
appointed by the Company or by such court, shall be a corporation organized and
existing under the laws of the State of New York, in good standing and have its
principal office in the Borough of Manhattan, City and State of New York, and be
authorized under such laws to exercise corporate trust powers and subject to
supervision or examination by federal or state authorities. After appointment,
any successor Warrant Agent shall be vested with all the authority, powers,
rights, immunities, duties and obligations of its predecessor Warrant Agent with
like effect as if originally named as Warrant Agent hereunder, without any
further act or deed; but, if for any reason it becomes necessary or appropriate,
the predecessor Warrant Agent shall execute and deliver, at the expense of the
Company, an instrument transferring to such successor Warrant Agent all the
authority, powers, and rights of such predecessor Warrant Agent hereunder; and,
upon request of any successor Warrant Agent, the Company shall make, execute,
acknowledge, and deliver any and all instruments in writing for more fully and
effectually vesting in and confirming to such successor Warrant Agent all such
authority, powers, rights, immunities, duties and obligations.

    

    8.2.2
Notice of Successor
Warrant Agent. In the event a successor Warrant Agent shall be appointed,
the Company shall give notice thereof to the predecessor Warrant Agent and the
transfer agent for the Common Stock not later than the effective date of any
such appointment.

    

    8.2.3
Merger or
Consolidation of Warrant Agent. Any corporation into which the Warrant
Agent may be merged or with which it may be consolidated or any corporation
resulting from any merger or consolidation to which the Warrant Agent shall be a
party shall be the successor Warrant Agent under this Agreement without any
further act on the part of the Company or the Warrant Agent.

    

    8.3 Fees and Expenses of Warrant
Agent.

    

    8.3.1
Remuneration.
The Company agrees to pay the Warrant Agent reasonable remuneration for its
services as Warrant Agent hereunder as set forth on Exhibit B hereto and
will reimburse the Warrant Agent upon demand for all expenditures that the
Warrant Agent may reasonably incur in the execution of its duties
hereunder.

    

    8.3.2
Further
Assurances. The Company agrees to perform, execute, acknowledge and
deliver, or cause to be performed, executed, acknowledged and delivered, all
such further and other acts, instruments and assurances as may reasonably be
required by the Warrant Agent for the carrying out or performing of the
provisions of this Agreement.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

    8.4 Liability of Warrant
Agent.

    

    8.4.1
Reliance on Company
Statement. Whenever, in the performance of its duties under this Warrant
Agreement, the Warrant Agent shall deem it necessary or desirable that any fact
or matter be proved or established by the Company prior to taking or suffering
any action hereunder, such fact or matter (unless other evidence in respect
thereof be herein specifically prescribed) may be deemed to be conclusively
proved and established by a statement signed by the Chief Executive Officer,
Chairman of the Board of Directors or President of the Company and delivered to
the Warrant Agent. The Warrant Agent may rely upon such statement for any action
taken or suffered in good faith by it pursuant to the provisions of this
Agreement.

    

    8.4.2
Indemnity. The
Warrant Agent shall be liable hereunder only for its own gross negligence,
willful misconduct or bad faith. The Company agrees to indemnify the Warrant
Agent and save it harmless against any and all liabilities, including judgments,
costs and reasonable counsel fees, for anything done or omitted by the Warrant
Agent in the execution of this Warrant Agreement, except as a result of the
Warrant Agent’s gross negligence, willful misconduct or bad faith.

    

    8.4.3
Exclusions. The
Warrant Agent shall have no responsibility with respect to the validity of this
Warrant Agreement or with respect to the validity or execution of any Warrant
(except its countersignature thereof); nor shall it be responsible for any
breach by the Company of any covenant or condition contained in this Agreement
or in any Warrant; nor shall it be responsible to make any adjustments required
under the provisions of Section 4 hereof or responsible for the manner, method
or amount of any such adjustment or the ascertaining of the existence of facts
that would require any such adjustment; nor shall it, by any act hereunder, be
deemed to make any representation or warranty as to the authorization or
reservation of any shares of Common Stock to be issued pursuant to this
Agreement or any Warrant or as to whether any shares of Common Stock will when
issued be valid and fully paid and nonassessable.

    

    8.5 Acceptance of Agency.
The Warrant Agent hereby accepts the agency established by this Warrant
Agreement and agrees to perform the same upon the terms and conditions herein
set forth and, among other things, shall account promptly to the Company with
respect to Warrants exercised and concurrently account for, and pay to the
Company, all moneys received by the Warrant Agent for the purchase of shares of
the Company’s Common Stock through the exercise of Warrants.

    

    9. Miscellaneous
Provisions.

    

    9.1 Successors. All the
covenants and provisions of this Warrant Agreement by or for the benefit of the
Company or the Warrant Agent shall bind and inure to the benefit of their
respective successors and assigns.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    9.2 Notices. Any notice,
consent or request to be given in connection with any of the terms or provisions
of this Agreement shall be in writing and shall be sent express mail or similar
overnight courier service, by certified mail (return receipt requested), by hand
delivery or by facsimile transmission:

    

    If to the
Company, to:

     

    
      	 	 	
              SMG
      Indium Resources Ltd.

            
	 	 	
              41
      University Drive, Suite 400

            
	 	 	
              Newtown,
      Pennsylvania 18940

            
	 	 	
              Attn:
      Ailon Z. Grushkin

            

    

     

     If
to the Warrant Agent, to:

     

    
      	 	 	
              Continental
      Stock Transfer & Trust Company

            
	 	 	
              

                17
      Battery Place

              

            
	 	 	
              

                New
      York, New York 10004

              

            
	 	 	
              

                Attn:
      Compliance Department

              

            
	 	 
	 	

              with
      a copy in each case (which shall not constitute notice)
  to:

            

    

     

    
      	 	 	
              

                Ellenoff
      Grossman & Schole LLP

              

            
	 	 	
              

                150
      East 42nd
      Street

              

            
	 	 	
              

                New
      York, New York 10017

              

            
	 	 	
              

                Attn:
      Barry I. Grossman, Esq.

              

            
	 	 	 
	 	

              and

            	 
	 	 	 
	 	 	

              Mintz
      Levin Cohn Ferris Glovsky & Popeo, P.C.

            
	 	 	

              666
      Third Avenue

            
	 	 	

              New
      York, New York 10017

            
	 	 	

              Attn:
      Kenneth R. Koch, Esq.

            
	 	 	 
	 	

              and

            	 
	 	 	 
	 	 	

              Sunrise
      Securities Corp.

            
	 	 	

              600
      Lexington Avenue, 4th
      Floor

            
	 	 	

              New
      York, New York 10022

            
	 	 	

              Attn:
      Nathan Low

            
	 	 	 
	 	

              and

            	 
	 	 	 
	 	 	
              Rodman & Renshaw, LLC

              1251
      Avenue of the Americas, 20th
      Floor

              New
      York, New York 10020

            
	 	 	
              Attn:
      Ramnarain
      Jaigobind

            

    

    

    
      
        
        

      

      
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    Any
notice, sent pursuant to this Agreement shall be effective, if delivered by
hand, upon receipt thereof by the party to whom it is addressed, if sent by
overnight courier, on the next business day of the delivery to the courier, and
if sent by registered or certified mail on the third day after registration or
certification thereof.

    

    9.3 Applicable Law. The
validity, interpretation, and performance of this Agreement and of the Warrants
shall be governed in all respects by the laws of the State of New York, without
giving effect to the conflict of laws principles thereof. The Company and the
Warrant Agent each hereby agrees that any action, proceeding or claim against it
arising out of or relating in any way to this Agreement shall be brought and
enforced in the courts of the State of New York or the United States District
Court for the Southern District of New York, and irrevocably submits to such
jurisdiction, which jurisdiction shall be exclusive. The Company and the Warrant
Agent each hereby waives any objection to such exclusive jurisdiction and that
such courts represent an inconvenient forum. Any such process or summons to be
served upon the Company or the Warrant Agent may be served by transmitting a
copy thereof by registered or certified mail, return receipt requested, postage
prepaid, addressed to it at the address set forth in Section 9.2 hereof. Such
mailing shall be deemed personal service and shall be legal and binding upon the
Company or the Warrant Agent in any action, proceeding or claim.

    

    9.4 Persons Having Rights under
this Warrant Agreement. Nothing in this Agreement expressed and nothing
that may be implied from any of the provisions hereof is intended, or shall be
construed, to confer upon, or give to, any person or corporation, other than the
parties hereto and the registered holders of the Warrants and, for the purposes
of Sections 6.1, 6.4, 7.4, 9.2 and 9.8 hereof, the Representatives, any right,
remedy or claim under or by reason of this Agreement or of any covenant,
condition, stipulation, promise or agreement hereof. the Representative shall be
deemed to be a third-party beneficiary of this Agreement with respect to
Sections 6.1, 6.4, 7.4, 9.2 and 9.8 hereof. All covenants, conditions,
stipulations, promises and agreements contained in this Warrant Agreement shall
be for the sole and exclusive benefit of the parties hereto (and the
Representative, with respect to the Sections 6.1, 6.4, 7.4, 9.2 and 9.8 hereof)
and their successors and assigns and of the registered holders of the
Warrants.

    

    9.5 Examination of the
Agreement. A copy of this Agreement shall be available at all reasonable
times at the office of the Warrant Agent in the Borough of Manhattan, City and
State of New York, for inspection by the registered holder of any Warrant. The
Warrant Agent may require any such holder to submit his, her or its Warrant for
inspection.

    

    9.6 Counterparts; Facsimile
Signatures. This Agreement may be executed in any number of counterparts,
and each of such counterparts shall, for all purposes, be deemed to be an
original, and all such counterparts shall together constitute one and the same
instrument. Facsimile signatures shall constitute original signatures for all
purposes of this Warrant Agreement. Facsimile signatures shall constitute
original signatures for all purposes of this Agreement.

    

    9.7 Effect of Headings.
The section headings herein are for convenience only and are not part of this
Warrant Agreement and shall not affect the interpretation thereof.

     

    
      
        
        

      

      
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    9.8 Amendments. This
Agreement may be amended by the parties hereto without the consent of any
registered holder for the purpose of curing any ambiguity, or of curing,
correcting or supplementing any defective provision contained herein or adding
or changing any other provisions with respect to matters or questions arising
under this Warrant Agreement as the parties may deem necessary or desirable and
that the parties deem shall not adversely affect the interest of the registered
holders. All other modifications or amendments, including any amendment to
increase the Warrant Price or shorten the Exercise Period, shall require the
written consent of each of the Representative and the registered holders of a
majority of the then outstanding Warrants. Notwithstanding the foregoing, the
Company may lower the Warrant Price or extend the duration of the Exercise
Period in accordance with Sections 3.1 and 3.2, respectively, without such
consent.

    

    9.9 Severability. This
Agreement shall be deemed severable, and the invalidity or unenforceability of
any term or provision hereof shall not affect the validity or enforceability of
this Agreement or of any other term or provision hereof. Furthermore, in lieu of
any such invalid or unenforceable term or provision, the parties hereto intend
that there shall be added as a part of this Agreement a provision as similar in
terms to such invalid or unenforceable provision as may be possible and be valid
and enforceable.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as
of the day and year first above written.

    

    
      	
              Attest

               

               

              ___________________________

            	
              SMG
      INDIUM RESOURCES LTD.

               

               

              By:
      _____________________________

              Name:
      Ailon Z. Grushkin

              Title:
      President

            
	 
      	 
      
	
              Attest

               

               

              ___________________________

            	
              CONTINENTAL
      STOCK TRANSFER & TRUST COMPANY

               

               

              By:
      _____________________________

              Name:

              Title:

            

    

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    EXHIBIT
A

    

    Form of Public
Warrant

     

     

     

     

    
 

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    EXHIBIT
B

    

    Warrant Agent
Fees

    

    

    

    

    
      
        
        

      

      
        17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]