Document:

Echo Automotive, Inc.: Exhibit 10.8 - Filed by newsfilecorp.com

24 January 2012

Letter of Intent

This letters serves as a Letter of Intent between
ControlledCarbon, LLC (“CC”) and Kellington Group Bhd. (“KE”) with regards to
the Echo Drive product for the purpose of conducting a controlled pilot program
of the product within the territory of Taiwan during the Calendar year of
2012.

It is intended that a formal binding agreement will be drafted
out lining the terms of such arrangement no later than February 15th,
2012.

It is intended that CC will supply and assist in the install of
Echo Drive Pilot kits and KE will provide a letter-of-credit in the amount of
$1.5 million USD for delivery and performance of these kits. A schedule and
additional criteria of the draws will be outlined in this binding agreement.
This letter serves as formal engagement for both parties for the purpose of
finalizing vehicle pilo tprogram.

In addition, until the date of February15th, 2012,
or later if extended by both parties in writing, CC will not engage with any
other party regarding distribution rights for Echo Drive in Taiwan or
Malaysia.

	Offering Party 	Accepting Party 
	 	  
	ControlledCarbon,LLC 	Kellington Engineering 
	 	  
	Name: 	Name: 
	 	  
	/s/____________________________________ 	/s/_____________________________________ 
	 	  
	Title: 	Title: 
	 	  
	____________________________________ 	____________________________________ 
	 	  
	Date: 	Date: 
	 	  
	_____________________ 	_____________________ 
	 	  
	Signature: 	Signature: 
	 	  
	____________________________________ 	____________________________________Echo Automotive, Inc.: Exhibit 10.9 - Filed by newsfilecorp.com

	
      THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES
      ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY
      NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS
      PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT
      TO REGISTRATION OR EXEMPTION THEREFROM AND THE ISSUER OF THESE
      SECURITIES HAS BEEN PROVIDED WITH AN OPINION OF LEGAL COUNSEL TO
      THE HOLDER IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER OF
      THESE SECURITIES TO THE EFFECT THAT SUCH OFFER, SALE, TRANSFER,
      PLEDGE OR HYPOTHECATION IS EXEMPT FROM REGISTRATION UNDER SUCH
      LAWS. 

	Date of Issuance: _________, 2012 	Number of Shares________________ 
	Warrant No. ____	(subject to adjustment) 

	 
	CANTERBURY RESOURCES, INC. 
	A NEVADA CORPORATION 
	 

Warrant 

          Canterbury
Resources, Inc., a Nevada corporation (the “Company”), for value
received, hereby certifies that _______________________ (the “Initial
Holder”), or its registered assigns (the Initial Holder or such registered
assigns shall be referred to as the “Registered Holder”), is entitled,
subject to the terms set forth below, to purchase from the Company at any time
on or after the Exercise Date and on or before the Expiration Date, up to
___________ shares (the “Warrant Shares”) of the Company’s common stock,
$0.001 par value per share (“Common Stock”), at a purchase price of $0.75
per share (the “Purchase Price”). The number of shares of Warrant Shares
and the Purchase Price may be adjusted from time to time pursuant to the
provisions of this Warrant. As used herein, “Exercise Date” means any
date after the date hereof and prior to the Expiration Date on which the
Registered Holder elects by written notice to the Company to exercise this
Warrant. 

          This
Warrant is issued pursuant to that Securities Purchase Agreement, dated as of
_______, 2012, by and among the Company and the Initial Holder.

          1.     
Exercise. 

                    (a)     
Manner of Exercise. This Warrant may be exercised by the Registered
Holder, in whole or in part, by surrendering this Warrant, with the
purchase/exercise form appended hereto as Exhibit A duly executed by such
Registered Holder or by such Registered Holder’s duly authorized attorney, at
the principal office of the Company, or at such other office or agency as the
Company may designate in writing, accompanied by payment in full of the Purchase
Price payable in respect of the number of shares of Warrant Shares purchased
upon such exercise. The Purchase Price may be paid by cash, check, or wire
transfer. 

                    (b)     
Effective Time of Exercise. Each exercise of this Warrant shall be deemed
to have been effected immediately prior to the close of business on the day on
which this Warrant shall have been surrendered to the Company as provided in
Section 1(a) above. At such time, the person or persons in whose name or names
any certificates for Warrant Shares shall be issuable upon such exercise as
provided in Section 1(c) below shall be deemed to have become the holder or
holders of record of the Warrant Shares represented by such certificates. 

                    (c)     
Delivery to Holder. As soon as practicable after the exercise of this
Warrant, in whole or in part, and in any event within ten (10) days thereafter,
the Company at its expense will cause to be issued in the name of, and delivered
to, the Registered Holder, or as such Holder (upon payment by such Holder of any
applicable transfer taxes) may direct: 

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                              (i)      a
certificate or certificates for the number of shares of Warrant Shares to which
such Registered Holder shall be entitled, and 

                              (ii)     
in case such exercise is in part only, a new warrant or warrants (dated the date
hereof) of like tenor, calling in the aggregate on the face or faces thereof for
the number of shares of Warrant Shares equal (without giving effect to any
adjustment therein) to the number of such shares called for on the face of this
Warrant minus the number of such shares purchased by the Registered Holder upon
such exercise as provided in Section 1(a) above. 

          2.     
Adjustments. 

                    (a)     
Stock Splits and Dividends. If outstanding shares of the Company’s Common
Stock shall be subdivided into a greater number of shares or a dividend in
Common Stock shall be paid in respect of Common Stock, then the Purchase Price
in effect immediately prior to such subdivision or at the record date of such
dividend shall simultaneously with the effectiveness of such subdivision or
immediately after the record date of such dividend be proportionately reduced.
If outstanding shares of Common Stock shall be combined into a smaller number of
shares, then the Purchase Price in effect immediately prior to such combination
shall, simultaneously with the effectiveness of such combination, be
proportionately increased. When any adjustment is required to be made in the
Purchase Price, the number of shares of Warrant Shares purchasable upon the
exercise of this Warrant shall be changed to the number determined by dividing
(i) an amount equal to the number of shares issuable upon the exercise of this
Warrant immediately prior to such adjustment, multiplied by the Purchase Price
in effect immediately prior to such adjustment, by (ii) the Purchase Price in
effect immediately after such adjustment. 

                    (b)      Reclassification,
Etc. In case of any reclassification or change of the outstanding securities
of the Company or of any reorganization of the Company (or any other corporation
the stock or securities of which are at the time receivable upon the exercise of
this Warrant) or any similar corporate reorganization on or after the date
hereof, then and in each such case the Registered Holder, upon the exercise
hereof at any time after the consummation of such reclassification, change,
reorganization, merger or conveyance, shall be entitled to receive, in lieu of
the stock or other securities and property receivable upon the exercise hereof
prior to such consummation, the stock or other securities or property to which
such holder would have been entitled upon such consummation if such holder had
exercised this Warrant immediately prior thereto, all subject to further
adjustment as provided in this Section 2; and in each such case, the terms of
this Section 2 shall be applicable to the shares of stock or other securities
properly receivable upon the exercise of this Warrant after such consummation.

                    (c)     
Adjustment Certificate. When any adjustment is required to be made in the
Warrant Shares or the Purchase Price pursuant to this Section 2, the Company
shall promptly mail to the Registered Holder a certificate setting forth (i) a
brief statement of the facts requiring such adjustment, (ii) the Purchase Price
after such adjustment and (iii) the kind and amount of stock or other securities
or property into which this Warrant shall be exercisable after such adjustment.

          3.     
Transfers.

                    (a)      Unregistered
Security. This Warrant and the Warrant Shares have not been registered under
the Securities Act of 1933, as amended (the “Securities Act”), and may
not be sold, pledged, distributed, offered for sale, transferred or otherwise
disposed of in the absence of (i) an effective registration statement under the
Act as to this Warrant or such Warrant Shares and registration or qualification
of this Warrant or such Warrant Shares under any applicable U.S. federal or
state securities law then in effect, or (ii) an opinion of counsel, reasonably
satisfactory to the Company, that such registration or qualification is not
required. Each certificate or other instrument for Warrant Shares issued upon
the exercise of this Warrant shall bear a legend substantially to the foregoing
effect. 

                    (b)      Transferability.
Subject to the provisions of Section 3(a) hereof, this Warrant and all rights
hereunder are transferable, in whole or in part, upon surrender of the Warrant
with a properly executed assignment (in the form of Exhibit B hereto) at
the principal office of the Company. 

2

                    (c)     
Warrant Register. The Company will maintain a register containing the
names and addresses of the Registered Holders of this Warrant. Until any
transfer of this Warrant is made in the warrant register, the Company may treat
the Registered Holder as the absolute owner hereof for all purposes;
provided, however, that if this Warrant is properly assigned in
blank, the Company may (but shall not be required to) treat the bearer hereof as
the absolute owner hereof for all purposes, notwithstanding any notice to the
contrary. Any Registered Holder may change such Registered Holder’s address as
shown on the warrant register by written notice to the Company requesting such
change. 

          4.      No
Impairment. The Company will not, by amendment of its charter or through
reorganization, consolidation, merger, dissolution, sale of assets or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the terms of this Warrant, but will (subject to Section 11 below) at all times
in good faith assist in the carrying out of all such terms and in the taking of
all such action as may be necessary or appropriate in order to protect the
rights of the Registered Holder against impairment. 

          5.      Termination.
This Warrant (and the right to purchase securities upon exercise hereof) shall
terminate eighteen (18) months from the date of issuance of this Warrant (the
“Expiration Date”). 

          6.     
Notices of Certain Transactions. In the event: 

                    (a)     
the Company shall take a record of the holders of its Common Stock (or other
stock or securities at the time deliverable upon the exercise of this Warrant)
for the purpose of entitling or enabling them to receive any dividend or other
distribution, or to receive any right to subscribe for or purchase any shares of
stock of any class or any other securities, or to receive any other right, to
subscribe for or purchase any shares of stock of any class or any other
securities, or to receive any other right, or 

                    (b)     
of any capital reorganization of the Company, any reclassification of the
capital stock of the Company, or any consolidation or merger of the Company with
or into another corporation, or 

                    (c)      of
the voluntary or involuntary dissolution, liquidation or winding-up of the
Company, 

then, and in each such case, the Company will mail or cause to
be mailed to the Registered Holder a notice specifying, as the case may be, (i)
the date on which a record is to be taken for the purpose of such dividend,
distribution or right, and stating the amount and character of such dividend,
distribution or right, or (ii) the effective date on which such
reclassification, reorganization, consolidation, merger, dissolution,
liquidation or winding-up is to take place, and the time, if any is to be fixed,
as of which the holders of record of Warrant Shares shall be entitled to
exchange their shares of Warrant Shares (or such other stock or securities) for
securities or other property deliverable upon such reclassification,
reorganization, consolidation, merger, dissolution, liquidation or winding-up.
Such notice shall be mailed at least ten (10) days prior to the record date or
effective date for the event specified in such notice. 

          7.      Reservation
of Stock. The Company will at all times reserve and keep available out of
its authorized but unissued stock, solely for the issuance and delivery upon the
exercise of this Warrant and other similar Warrants, such number of its duly
authorized shares of Common Stock as from time to time shall be issuable upon
the exercise of this Warrant and other similar Warrants. All of the shares of
Common Stock issuable upon exercise of this Warrant and other similar Warrants,
when issued and delivered in accordance with the terms hereof and thereof, will
be duly authorized, validly issued, fully paid and non-assessable, subject to no
lien or other encumbrance other than restrictions on transfer arising under
applicable securities laws and restrictions imposed by Section 3 hereof. 

          8.      Exchange
of Warrants. Upon the surrender by the Registered Holder of any Warrant or
Warrants, properly endorsed, to the Company at the principal office of the
Company, the Company will, subject to the provisions of Section 3 hereof, issue
and deliver to or upon the order of such Holder, at the Company’s expense, a new
Warrant or Warrants of like tenor, in the name of such Registered Holder or as
such Registered Holder (upon payment by such Registered Holder of any applicable
transfer taxes) may direct, calling in the aggregate on the face or faces thereof for the number of shares of Common Stock
called for on the face or faces of the Warrant or Warrants so surrendered. 

3

          9.      Replacement
of Warrants. Upon receipt 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) upon delivery of an indemnity agreement (with
surety if reasonably required) in an amount reasonably satisfactory to the
Company, or (in the case of mutilation) upon surrender and cancellation of this
Warrant, the Company will issue, in lieu thereof, a new Warrant of like tenor.

          10.     
Notices. Any notice required or permitted by this Warrant shall be in
writing and shall be deemed sufficient upon receipt, when delivered personally
or by courier, overnight delivery service or confirmed facsimile, or forty-eight
(48) hours after being deposited in the regular mail as certified or registered
mail (airmail if sent internationally) with postage prepaid, addressed (a) if to
the Registered Holder, to the address of the Registered Holder most recently
furnished in writing to the Company and (b) if to the Company, to the address
set forth below or subsequently modified by written notice to the Registered
Holder. 

          11.      No
Rights as Stockholder. Until the exercise of this Warrant, the Registered
Holder shall not have or exercise any rights by virtue hereof as a stockholder
of the Company. 

          12.      Representations
of Registered Holder. By acceptance of this Warrant, the Registered Holder
hereby represents and acknowledges to the Company that: 

                    (a)     
this Warrant and the Warrant Shares are “restricted securities” as such
term is used in the rules and regulations under the Securities Act and that such
securities have not been and will not be registered under the Securities Act or
any state securities law, and that such securities must be held indefinitely
unless registration is effected or transfer can be made pursuant to appropriate
exemptions; 

                    (b)     
the Registered Holder has read, and fully understands, the terms of this Warrant
set forth on its face and the attachments hereto, including the restrictions on
transfer contained herein; 

                    (c)     
the Registered Holder is purchasing for investment for its own account and not
with a view to or for sale in connection with any distribution of this Warrant
and the Warrant Shares and it has no intention of selling such securities in a
public distribution in violation of the federal securities laws or any
applicable state securities laws; provided that nothing contained herein will
prevent the Registered Holder from transferring such securities in compliance
with the terms of this Warrant and the applicable federal and state securities
laws; and 

                    (d)     
the Company may affix one or more legends, including a legend in substantially
the following form (in addition to any other legend(s), if any, required by
applicable state corporate and/or securities laws) to certificates representing
Warrant Shares: 

  
    
      “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN
        REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
        OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES ARE SUBJECT
        TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE OFFERED,
        SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS PERMITTED UNDER THE
        ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO REGISTRATION OR EXEMPTION
        THEREFROM AND THE ISSUER OF THESE SECURITIES HAS BEEN PROVIDED WITH AN
        OPINION OF LEGAL COUNSEL TO THE HOLDER IN FORM AND SUBSTANCE SATISFACTORY
        TO THE ISSUER OF THESE SECURITIES TO THE EFFECT THAT SUCH OFFER, SALE,
        TRANSFER, PLEDGE OR HYPOTHECATION IS EXEMPT FROM REGISTRATION UNDER SUCH LAWS.” 

    

  

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          13.     
No Fractional Shares. No fractional shares will be issued in connection
with any exercise hereunder. In lieu of any fractional shares which would
otherwise be issuable, the Company shall pay cash equal to the product of such
fraction multiplied by the fair market value of one such share on the date of
exercise, as determined in good faith by the Company’s Board of Directors. 

          14.      Amendment
or Waiver. Any term of this Warrant may be amended or waived upon written
consent of the Company and the Registered Holder. 

          15.      Headings.
The headings in this Warrant are for purposes of reference only and shall not
limit or otherwise affect the meaning of any provision of this Warrant. 

          16.      Governing
Law. This Warrant shall be governed, construed and interpreted in accordance
with the laws of the State of Nevada, without giving effect to principles of
conflicts of law.

[Remainder of Page Intentionally Left Blank] 

5

          IN
WITNESS WHEREOF, the Company has caused this Warrant to be duly executed and
delivered by its authorized officer as of the date first above written. 

		CANTERBURY RESOURCES, INC., a Nevada
      corporation 
	 	 
	 	 
	 	 
	 	Signed:
      ____________________________________________
	 	 
	 	By:
      _______________________________________________
	 	 
	 	Title:
      ______________________________________________
	 	 
	 	Address:          
      69 Stanley Point Road 
	 	                           
      Devonport, Auckland 
	 	                           
      New Zealand 0624 
	 	 
	 	Phone
      No.:          (69) 9 445-6338
    

[SIGNATURE PAGE TO CANTERBURY RESOURCES, INC. WARRANT]

EXHIBIT A 

PURCHASE/EXERCISE FORM 

	To:      CANTERBURY RESOURCES,
      INC. 	Dated:_________________ 

          The
undersigned, pursuant to the provisions set forth in the attached Warrant No.
___ hereby irrevocably elects to purchase _____shares of the Common Stock
covered by such Warrant and herewith makes payment of $_________, representing
the full purchase price for such shares at the price per share provided for in
such Warrant. 

          The
undersigned acknowledges that it has reviewed the representations and warranties
contained in Section 12 of the Warrant and by its signature below hereby makes
such representations and warranties to the Company as of the date hereof.

          The
undersigned further acknowledges that it has reviewed that certain Securities
Purchase Agreement, dated as of ________, 2012, among the Company and certain
holders of the Company’s securities (as amended from time to time) and agrees to
be bound by such provisions.

Signature:
_______________________________________________

Name (print):
_____________________________________________

Title (if applic.)
___________________________________________

Company (if applic.):
_______________________________________

EXHIBIT B 

ASSIGNMENT FORM 

          FOR
VALUE RECEIVED, _________________________________________ hereby sells, assigns
and transfers all of the rights of the undersigned under the attached Warrant
with respect to the number of shares of Common Stock covered thereby set forth
below, to: 

	Name of Assignee
    	 	Address/Fax Number 	 	No. of Shares 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

	Dated: ______________________________________________	Signature:
      ______________________________________________
	 	 
	 	                  
      ______________________________________________
	 	 
	  	Witness:   ______________________________________________

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