Document:

Exhibit 10.1

 

 

Form
of Amendment No. 1 to 

Securities
Purchase Agreement

 

This AMENDMENT NO. 1,
dated as of March 23, 2012 (this “Amendment”), to the SECURITIES PURCHASE AGREEMENT (the “Securities
Purchase Agreement”), dated as of March 21, 2012, by and among China Shen Zhou Mining & Resources, Inc., a Nevada
corporation with headquarters located at No. 166 Fushi Road, Zeyang Tower, Shijingshan District, Beijing, China 100043, 86-010-8890-6927
(the ”Company”), and each of the investors listed on the Schedule of Buyers attached thereto (individually,
a “Buyer” and collectively, the “Buyers”). Unless otherwise defined herein or the context
otherwise requires, capitalized terms used herein and defined in the Securities Purchase Agreement shall be used herein as therein
defined.

 

A.The Company and
the Buyers entered into the Securities Purchase Agreement pursuant to which the Buyers agreed to purchase certain Preferred Shares
and Warrants of the Company, upon the terms and subject to the conditions set forth therein.

 

B.As of time this
Amendment is being executed, the Initial Closing has not yet occurred.

 

C.The Company and
the Buyers now desire to amend the Securities Purchase Agreement as provided herein.

 

NOW, THEREFORE, in consideration
of the promises and the mutual representations, warranties, covenants and agreements set forth in this Amendment and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1.
            AMENDMENTS

 

(a)          
Form of Certificate of Designations. “Exhibit A” of the Securities Purchase Agreement is hereby amended
and restated in the form of Exhibit A attached hereto.

 

(b)         
Initial Closing. Section 1(b)(i) is hereby amended and restated as follows:

 

(i)Initial Closing.
The date and time of the Initial Closing (the “Initial Closing Date”) shall be 3:00 p.m., New York time, on
the March 23, 2011 (as defined in the Warrants) (or such other date as is mutually agreed to by the Company and each Buyer).

 

(c)Securities
Purchase Agreement. The definition of “Agreement” as defined in the Securities Purchase Agreement, is hereby amended
to include this Amendment. The definition of “Securities Purchase Agreement”, as defined by each other Transaction
Document, is hereby amended to include this Amendment.

 

    	

    	 

    
 

2.
            REPRESENTATIONS
AND WARRANTIES

 

(a)          
Buyer Bring Down. Each Buyer hereby makes the representations and warranties as to itself only as set forth in Section
2 of the Securities Purchase Agreement (as amended hereby) as if such representations and warranties were made as of the date hereof
and set forth in their entirety in this Amendment.

 

(b)         
Company Bring Down. The Company hereby makes the representations and warranties to the Buyers as set forth in Section
3 of the Securities Purchase Agreement (as amended hereby) as if such representations and warranties were made as of the date hereof
and set forth in their entirety in this Amendment.

 

3.
            CERTAIN
COVENANTS

 

(a)          
Disclosure of Transactions and Other Material Information. The Company shall, on or before
9:30 a.m. (but in no event prior to 9:15 a.m.), New York time, on the first Trading Day after the date of this Agreement,
file a Current Report on Form 8-K describing all the material terms of the transactions contemplated by this Amendment in
the form required by the 1934 Act and attaching this Amendment (including all attachments, the “8-K Filing”).
From and after the 8-K Filing, the Company shall have disclosed all material, non-public information (if any) delivered to any
of the Buyers by the Company or any of its Subsidiaries, or any of their respective officers, directors, employees or agents in
connection with the transactions contemplated by this Amendment and the Transaction Documents.

 

4.
            MISCELLANEOUS

 

(a)          
Effective Time. Upon the execution hereof by the Company and the Buyers, this Amendment shall become effective as
of the date first written above.

 

(b)         
General. The provisions of Section 8 of the Securities Purchase Agreement are hereby incorporated by reference herein,
mutatis mutandis.

 

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

  

(d)         
Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer under any Transaction Document
are several and not joint with the obligations of any other Buyer, and no Buyer shall be responsible in any way for the performance
of the obligations of any other Buyer under any Transaction Document. Nothing contained herein or in any other Transaction Document,
and no action taken by any Buyer pursuant hereto or thereto, shall be deemed to constitute the Buyers as a partnership, an association,
a joint venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert or as a group
with respect to such obligations or the transactions contemplated by the Transaction Documents. Each Buyer confirms that it has
independently participated in the negotiation of the transaction contemplated hereby with the advice of its own counsel and advisors.
Each Buyer shall be entitled to independently protect and enforce its rights, including, without limitation, the rights arising
out of this Amendment or out of any other Transaction Documents, and it shall not be necessary for any other Buyer to be joined
as an additional party in any proceeding for such purpose.

 

[The remainder of the
page is intentionally left blank]

 

 

    	2

    	 

    
 

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

 

 

 

	 	COMPANY: 
	 	 
	 	China Shen Zhou Mining & Resources, Inc.
	 	 
	 	 
	 	By: 	
	 	 	Name: Xiaojing Yu
Title:
        Chief Executive Officer

 

    	SIGNATURE
                                                                                                                                                                      PAGE
                                                                                                                                                                      TO
                                                                                                                                                                      AMENDMENT
                                                                                                                                                                      NO.
                                                                                                                                                                      1
                                                                                                                                                                      TO
                                                                                                                                                                      SECURITIES
                                                                                                                                                                      PURCHASE
                                                                                                                                                                      AGREEMENT

    	 

    
 

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

 

  

 

	 	BUYER:
	 	 
	 	 
	 	 
	 	By: 	
	 	 	Name:
Title:

 
    	SIGNATURE PAGE TO AMENDMENT NO. 1 TO SECURITIES PURCHASE AGREEMENT____________ __, 2012

 

Pacific Monument Acquisition Corporation

800 Third Avenue

New York, New York 10022

 

Morgan Joseph
TriArtisan LLC

600 Fifth Avenue,
19th Floor

New York, New
York 10020

 

		Re:	Initial Public Offering

 

Gentlemen:

 

This letter is being delivered to you in accordance
with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Pacific Monument
Acquisition Corporation, a Delaware corporation (the “Company”), and Morgan Joseph TriArtisan LLC, as
Representative (the “Representative”) of the several underwriters named in Schedule I thereto (the “Underwriters”),
relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”),
each comprised of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”),
and one warrant, each warrant exercisable for one share of Common Stock (each, a “Warrant”). Certain
capitalized terms used herein are defined in paragraph __ hereof.

 

In order to induce the Company and the
Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such
IPO will confer upon the undersigned as a stockholder of the Company, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

1.     If the Company solicits
approval of its stockholders of a Business Combination, the undersigned will vote all shares beneficially owned by him, her or
it, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

    	 

    	 

    

 

2.     In
the event that the Company fails to consummate a Business Combination within 18 months from the closing of the IPO the undersigned will, as promptly as possible, (i) cause the Trust Fund to be
liquidated and distributed to the holders of IPO Shares within ten (10) business days and (ii) cause the Company to liquidate
as soon as reasonably practicable. The undersigned hereby waives any and all right, title, interest or claim of any kind in
or to any distribution of the Trust Fund and any remaining net assets of the Company as a result of such liquidation with
respect to his Insider Shares (“Claim”) and hereby waives any Claim the undersigned may have in the
future as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the
Trust Fund for any reason whatsoever. [In the event of the liquidation of the Trust Fund, the undersigned agrees to jointly
and severally indemnify and hold harmless the Company against any and all loss, liability, claims, damage and expense
whatsoever (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating,
preparing or defending against any litigation, whether pending or threatened, or any claim whatsoever) which the Company may
become subject as a result of any claim by any vendor or other person who is owed money by the Company for services rendered
or products sold or contracted for, or a prospective target business with which the Company has discussed entering into a
Business Combination, but only to the extent necessary to ensure that such loss, liability, claim, damage or expense does not
reduce the amount of funds in the Trust Fund below $[10.15/$10.10] per share; provided that such indemnity shall not apply if
such vendor or prospective target business executes an agreement waiving any claims against the Trust Fund, even if such
waiver is deemed to be unenforceable, and except as to any claims under the Company’s indemnity of the underwriters
pursuant to the Underwriting Agreement.]1 The undersigned acknowledges and agrees that there will be no
distribution from the Trust Fund with respect to any warrants, all rights of which will terminate on the Company’s
liquidation.

 

[3.    In order to
minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to present to the
Company for its consideration, prior to presentation to any other person or entity, any suitable opportunity to acquire a target
business, until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject
to any pre-existing fiduciary and contractual obligations the undersigned might have.]2

 

4.     The undersigned
acknowledges and agrees that prior to entering into a Business Combination with a target business that is affiliated with any Insiders
of the Company or their affiliates, including any company that is a portfolio company of, or otherwise affiliated with, or has
received financial investment from, an entity with which any Insider or their affiliates is affiliated with, such transaction must
be approved by a majority of the Company’s disinterested directors and the Company must obtain an opinion from an independent
investment banking firm that such Business Combination is fair to the Company’s unaffiliated stockholders from a financial
point of view.

  

 

1 To be included for indemnifying party letters only.

2 To be included only in director/officer letters only.

  

    	2

    	 

    

  

5.     Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive
and will not accept any compensation or other cash payment prior to, or for services rendered in order to effectuate, the consummation
of the Business Combination[; provided that the Company shall be allowed to repay a non-interest bearing loan in an aggregate
amount of $37,500 made to the Company by [Monument Capital Group SPAC I LLC][Pacific Capital Partners & Associates Limited]
to cover the IPO expenses; provided further that the Company shall be allowed to pay $2,750 per month to [Monument
Capital Group SPAC I LLC][Pacific Capital Partners & Associates Limited] for office space and related services]3.
Notwithstanding the foregoing, the undersigned and any affiliate of the undersigned shall be entitled to reimbursement from the
Company for their out-of-pocket expenses incurred in connection with identifying, investigating and consummating a Business Combination.

 

6.     Neither the undersigned,
any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive or accept a finder’s
fee or any other compensation in the event the undersigned, any member of the family of the undersigned or any affiliate of the
undersigned originates a Business Combination.

 

7.     The undersigned will
escrow all of his Insider Shares subject to the terms of an Escrow Agreement which the Company will enter into with the undersigned and an escrow agent acceptable
to the Company.

 

8.     The undersigned
agrees that until the Company consummates a Business Combination, the undersigned’s Insider Warrants will be subject to the
transfer restrictions described in the Subscription Agreement relating to the undersigned’s Insider Warrants.

 

[9.    The undersigned
agrees to be the _________ of the Company until the earlier of the consummation by the Company of a Business Combination
or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company and the
Representative is true and accurate in all material respects, does not omit any material information with respect to the undersigned’s
biography and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under
the Securities Act of 1933. The undersigned’s FINRA Questionnaire previously furnished to the Company and the Representative
is true and accurate in all material respects. The undersigned represents and warrants that:

 

 

3 The entire section is not to be included in Seaport
Group LLC or Armory Master Fund Ltd’s insider letters.

  

    	3

    	 

    

 

(a)        he is not
subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to desist
or refrain from any act or practice relating to the offering of securities in any jurisdiction;

 

(b)        he has never
been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling
of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such
criminal proceeding; and

 

(c)        he has never
been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities
license or registration denied, suspended or revoked.

 

10.     The undersigned
has full right and power, without violating any agreement by which he is bound, to enter into this letter agreement [and to serve
as _________ of the Company.]4

 

11.     The undersigned
hereby waives his right to exercise conversion rights with respect to any shares of the Company’s Common Stock owned or to
be owned by the undersigned, directly or indirectly, whether purchased by the undersigned prior to the IPO, in the IPO or in the
aftermarket, and waives his right to sell any such securities to the Company in connection with any tender offer commenced by the
Company or otherwise prior to the consummation of a Business Combination, and agrees that he will not seek conversion with respect
to, or tender or otherwise sell, such shares in connection with any vote to approve a Business Combination or tender offer or repurchase
program with respect thereto; provided, however, that if the undersigned should acquire any shares of the Company’s Common
Stock in the IPO or in the aftermarket, the undersigned shall be entitled to redemption rights with respect to such shares upon
the liquidation of the Company if the Company fails to consummate a Business Combination within 18 months from the closing of the
IPO. 

 

12.     [The undersigned
agrees not to participate in the formation of, or become an officer or director of, any similarly structured blank check company
focusing on completing an initial Business Combination with a target business in the security and defense industry until the Company
has entered into a definitive agreement for its initial Business Combination or has failed to complete an initial Business Combination
within the required time period.]5

 

 

4 To be included in director/officer letters only.

5 To be included in director/officer letters only.
 

    	4

    	 

    

 

13.      The undersigned
hereby agrees to not propose, or vote in favor of, an amendment to Article Sixth of the Company’s Amended and Restated Certificate
of Incorporation that would affect the substance or timing of the Company’s obligations to redeem or convert the shares of
Common Stock purchased in the IPO or in the aftermarket prior to the consummation of a Business Combination.

 

[14.     In the event
that the Company does not consummate a Business Combination and must liquidate and its remaining net assets are insufficient to
complete such liquidation, the undersigned agrees to advance such funds necessary to complete such liquidation and agrees not
to seek repayment for such expenses.]6

 

15.      This letter
agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The
undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this letter
agreement (a “Proceeding”) shall be brought and enforced in the courts of the State of New York of the
United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive, (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum
and (iii) irrevocably agrees to appoint Graubard Miller as agent for the service of process in the State of New York to receive,
for the undersigned and on his behalf, service of process in any Proceeding. If for any reason such agent is unable to act as such,
the undersigned will promptly notify the Company and Representative and appoint a substitute agent acceptable to each of the Company
and Representative within 30 days and nothing in this letter will affect the right of either party to serve process in any other
manner permitted by law.

 

16.     As used herein, (i)
a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders”
shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; (iii) “Insider Shares”
shall mean all of the shares of Common Stock of the Company acquired by an Insider prior to the IPO; (iv) “IPO Shares”
shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Insider Warrants” shall
mean the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; and (vi) “Trust
Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

  

 

6 To be included for indemnifying party letters only.

  

    	5

    	 

    

  

17.     The undersigned acknowledges
and understands that the Underwriters and the Company will rely upon the agreements, representations and warranties set forth herein
in proceeding with the IPO. Nothing contained herein shall be deemed to render the Underwriters a representative of, or a fiduciary
with respect to, the Company, its stockholders or any creditor or vendor of the Company with respect to the subject matter hereof.

 

	 	 
	 	Print Name of Insider
	 	 
	 	 
	 	Signature

 

    	6

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