Document:

Exhibit 4.6

Exhibit 4.6

VISIONCHINA MEDIA INC.
(FORMERLY KNOWN AS CDMTV HOLDING COMPANY)

AMENDED AND RESTATED 2006 SHARE INCENTIVE PLAN

ARTICLE 1

PURPOSE

The purpose of the CDMTV Holding Company 2006 Share Incentive Plan (the “Plan”) is to promote the success
and enhance the value of CDMTV Holding Company, a Cayman Islands company (the “Company”) by linking the
personal interests of the members of the Board, Employees and Consultants to those of Company shareholders and by
providing such individuals with an incentive for outstanding performance to generate superior returns to Company
shareholders. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract,
and retain the services of members of the Board, Employees and Consultants upon whose judgment, interest, and special
effort the successful conduct of the Company’s operation is largely dependent.

ARTICLE 2

DEFINITIONS AND CONSTRUCTION

Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the context
clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates.

2.1 “Applicable Laws” means the legal requirements relating to the Plan and the Awards under applicable
provisions of the corporate and securities laws of the Cayman Islands, the Code, the PRC tax laws, rules, regulations
and government orders, the rules of any applicable Share exchange or national market system, and the laws and the rules
of any jurisdiction applicable to Awards granted to residents therein.

2.2 “Award” means an Option, a Restricted Share award, or a Restricted Share Unit award granted to a
Participant pursuant to the Plan.

2.3 “Award Agreement” means any written agreement, contract, or other instrument or document evidencing an
Award, including through electronic medium.

2.4 “Board” means the Board of Directors of the Company.

2.5 “Change in Control” means and includes each of the following: (a) (i) the merger or consolidation of
the Company or a Subsidiary into or with one or more Persons, (ii) the merger or consolidation of one or more Persons
into or with the Company or a Subsidiary or (iii) a tender offer or other business combination if, in the case of (i),
(ii) or (iii), the shareholders of the Company prior to such merger or consolidation do not retain, directly or
indirectly, at least a majority of the voting power of the surviving Person or (b) the voluntary issuance, sale,
conveyance, exchange or transfer to another Person of (i) the voting Share Capital of the Company or a Subsidiary if,
after such sale, conveyance, exchange or transfer, the shareholders of the Company prior to such issuance, sale,
conveyance, exchange or transfer do not retain, directly or indirectly, at least a majority of the voting power of the
Company or (c) the voluntary sale, conveyance, exchange or transfer to another Person of all or substantially all of
the assets of the Company or (d) the Company’s shareholders approve a liquidation or dissolution of the Company.

 

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The Committee shall determine whether a Change in Control of the Company has occurred under the above definition,
and the date of the occurrence of such Change in Control and any incidental matters relating thereto.

2.6 “Code” means the Internal Revenue Code of 1986 of the United States, as amended.

2.7 “Committee” means the committee of the Board described in Article 10.

2.8 “Consultant” means any consultant or adviser if: (a) the consultant or adviser renders bona fide
services to the Company or a Subsidiary; (b) the services rendered by the consultant or adviser are not in connection
with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or
maintain a market for the Company’s securities; and (c) the consultant or adviser is a natural person who has
contracted directly with the Company or a Subsidiary to render such services.

2.9 “Disability” means that the Participant qualifies to receive long-term disability payments under the
Company’s long-term disability insurance program, as it may be amended from time to time, to which the Participant
provides services regardless of whether the Participant is covered by such policy.

2.10 “Effective Date” shall have the meaning set forth in Section 11.1.

2.11 “Employee” means any officer or other employee of the Company or any Subsidiary. A person shall not
cease to be an Employee in the case of (a) any leave of absence approved by the Company, or (b) transfers between
locations of the Company or between the Company, any Subsidiary or any successor. For purposes of Incentive Share
Options, no such leave may exceed 90 days, unless reemployment upon expiration of such leave is guaranteed by statute
or contract. Neither service as a director nor payment of a director’s fee by the Company shall be sufficient, by
itself, to constitute “employment” by the Company

2.12 “Exchange Act” means the Securities Exchange Act of 1934 of the United States, as amended.

2.13 “Fair Market Value” means, as of any date, the value of Shares determined as follows:

(a) If the Shares are listed on any recognized stock exchange or a national market system, including without
limitation, the Nasdaq Global Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value
shall be the closing sales price for such Shares (or the closing bid, if no sales were reported) as quoted on such
exchange or system for the last market trading day prior to the date of determination, as reported in The Wall Street
Journal or such other source as the Committee deems reliable;

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(b) If the Shares are regularly quoted by a recognized securities dealer but selling prices are not reported, its
Fair Market Value shall be the mean of the closing bid and asked prices for the Shares on the date prior to the date of
determination as reported in The Wall Street Journal or such other source as the Committee deems reliable; or

(c) In the absence of an established market for the Shares, the Fair Market Value thereof shall be determined in
good faith by the Committee.

2.14 “Incentive Share Option” means an Option that is intended to meet the requirements of Section 422 of
the Code or any successor provision thereto.

2.15 “Independent Director” means a member of the Board who is not an Employee of the Company.

2.16 “Non-Qualified Share Option” means an Option that is not intended to be an Incentive Share Option.

2.17 “Option” means a right granted to a Participant pursuant to Article 5 of the Plan to purchase a
specified number of Shares at a specified price during specified time periods. An Option may be either an Incentive
Share Option or a Non-Qualified Share Option.

2.18 “Participant” means a person who, as a member of the Board, Employee or Consultant, has been granted
an Award pursuant to the Plan.

2.19 “Plan” means this CDMTV Holding Company 2006 Share Incentive Plan, as amended from time to time.

2.20 “Person” means any individual, firm, corporation, partnership, trust, incorporated or unincorporated
association, joint venture, joint stock company, limited liability company, Governmental Authority or other entity of
any kind, and shall include any successor (by merger or otherwise) of such entity.

2.21 “PRC” means the People’s Republic of China

2.22 “Restricted Share” means a Share awarded to a Participant pursuant to Article 6 that is subject to
certain restrictions and may be subject to risk of forfeiture.

2.23 “Restricted Share Unit” means an Award granted pursuant to Section 7.1.

2.24 “Securities Act” means the Securities Act of 1933 of the United States, as amended.

2.25 “Share” means the ordinary share capital of the Company, par value US$0.0001 per share, and such
other securities of the Company that may be substituted for Shares pursuant to Article 10.

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2.26 “Share Capital” means, with respect to any Person, any and all shares, interests, participations,
rights in, or other equivalents (however designated and whether voting or non-voting) of, such Person’s share capital
(including, without limitation, ordinary shares and preferred shares) and any and all rights, warrants or options
exchangeable for or convertible into such share capital.

2.27 “Share Payment” means (a) a payment in the form of Shares, or (b) an option or other right to
purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion
of the compensation, granted pursuant to Article 8.

2.28 “Subsidiary” means any corporation or other entity of which a majority of the outstanding voting
shares or voting power is beneficially owned directly or indirectly by the Company.

ARTICLE 3

SHARES SUBJECT TO THE PLAN

3.1 Number of Shares.

(a) Subject to Section 3.1(b) and 3.2, the aggregate number of Shares which may be issued or transferred pursuant
to Awards under the Plan shall be 8,000,000 shares.

(b) To the extent that an Award terminates, expires, or lapses for any reason, any Shares subject to the Award
shall again be available for the grant of an Award pursuant to the Plan. Additionally, any Shares tendered or withheld
to satisfy the grant or exercise price or tax withholding obligation pursuant to any Award shall again be available for
the grant of an Award pursuant to the Plan. To the extent permitted by applicable law or any exchange rule, Shares
issued in assumption of, or in substitution for, any outstanding awards of any entity acquired in any form of
combination by the Company or any Subsidiary shall not be counted against Shares available for grant pursuant to this
Plan.

3.2 Shares Distributed. Any Shares distributed pursuant to an Award may consist, in whole or in part, of
authorized and unissued Shares, treasury or Shares purchased on the open market. Additionally, in the discretion of
the Committee, American Depository Shares in an amount equal to the number of Shares which otherwise would be
distributed pursuant to an Award may be distributed in lieu of Shares in settlement of any Award. If the number of
Shares represented by an American Depository Share is other than on a one-to-one basis, the limitations of Section 3.1
shall be adjusted to reflect the distribution of American Depository Shares in lieu of Shares.

ARTICLE 4

ELIGIBILITY AND PARTICIPATION

4.1 Eligibility. Persons eligible to participate in this Plan include Employees, Consultants and all
members of the Board, as determined by the Committee.

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4.2 Participation. Subject to the provisions of the Plan, the Committee may, from time to time, select
from among all eligible individuals, those to whom Awards shall be granted and shall determine the nature and amount of
each Award. No individual shall have any right to be granted an Award pursuant to this Plan.

4.3 Jurisdictions. In order to assure the viability of Awards granted to Participants employed in various
jurisdictions, the Committee may provide for such special terms as it may consider necessary or appropriate to
accommodate differences in local law, tax policy, or custom applicable in the jurisdiction in which the Participant
resides or is employed. Moreover, the Committee may approve such supplements to, or amendments, restatements, or
alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby
affecting the terms of the Plan as in effect for any other purpose; provided, however, that no such supplements,
amendments, restatements, or alternative versions shall increase the share limitations contained in Section 3.1 of the
Plan. Notwithstanding the foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted,
that would violate any Applicable Laws.

ARTICLE 5

OPTIONS

5.1 General. The Committee is authorized to grant Options to Participants on the following terms and
conditions:

(a) Exercise Price. The exercise price per Share subject to an Award shall be determined by the Committee
and set forth in the Award Agreement.

(b) Time and Conditions of Exercise. The Committee shall determine the time or times at which an Option
may be exercised in whole or in part, including exercise prior to vesting; provided that the term of any Option granted
under the Plan shall not exceed ten years, except as provided in Section 10.2. The Committee shall also determine any
conditions, if any, that must be satisfied before all or part of an Option may be exercised.

(c) Payment. The Committee shall determine the methods by which the exercise price of an Option may be
paid, the form of payment, including, without limitation (i) cash or check denominated in U.S. Dollars, (ii) Shares
held for such period of time as may be required by the Committee in order to avoid adverse financial accounting
consequences and having a Fair Market Value on the date of delivery equal to the aggregate exercise price of the Option
or exercised portion thereof, (iii) by delivery of a notice that the Participant has placed a market sell order with a
broker with respect to Shares then issuable upon exercise of the Option, and that the broker has been directed to pay a
sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price;
provided that payment of such proceeds is then made to the Company upon settlement of such sale, and the methods by
which Shares shall be delivered or deemed to be delivered to Participants (iv) other property acceptable to the
Committee with a Fair Market Value equal to the exercise price, or (v) any combination of the foregoing.
Notwithstanding any other provision of the Plan to the contrary, no Participant who is a member of the Board or an
“executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay
the exercise price of an Option in any method which would violate Section 13(k) of the Exchange Act.

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(d) Evidence of Grant. All Options shall be evidenced by an Award Agreement between the Company and the
Participant. The Award Agreement shall include such additional provisions as may be specified by the Committee.

5.2 Incentive Share Options. Incentive Share Options shall be granted only to Employees of the Company or
Subsidiary of the Company which is a corporation. Incentive Share Options may not be granted to Employees of a Related
Entity. The terms of any Incentive Share Options granted pursuant to the Plan, in addition to the requirements of
Section 5.1, must comply with the following additional provisions of this Section 5.2:

(a) Exercise Price. The exercise price per Share shall be set by the Committee; provided that subject to
Section 5.2(e) the exercise price for any Incentive Share Option shall not be less than 100% of the Fair Market Value
on the date of grant.

(b) Expiration. Subject to Section 5.2(e), an Incentive Share Option may not be exercised to any extent
by anyone after the first to occur of the following events:

(i) Ten years from the date it is granted, unless an earlier time is set in the Award Agreement;

(ii) Three months after the Participant’s termination of employment as an Employee; and

(iii) One year after the date of the Participant’s termination of employment or service on account of Disability
or death. Upon the Participant’s Disability or death, any Incentive Share Options exercisable at the Participant’s
Disability or death may be exercised by the Participant’s legal representative or representatives, by the person or
persons entitled to do so pursuant to the Participant’s last will and testament, or, if the Participant fails to make
testamentary disposition of such Incentive Share Option or dies intestate, by the person or persons entitled to receive
the Incentive Share Option pursuant to the applicable laws of descent and distribution.

(c) Individual Dollar Limitation. The aggregate Fair Market Value (determined as of the time the Award is
granted) of all Shares with respect to which Incentive Share Options are first exercisable by a Participant in any
calendar year may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any
successor provision. To the extent that Incentive Share Options are first exercisable by a Participant in excess of
such limitation, the excess shall be considered Non-Qualified Share Options.

(d) Ten Percent Owners. An Incentive Share Option shall be granted to any individual who, at the date of
grant, owns shares possessing more than ten percent of the total combined voting power of all classes of equity
securities of the Company only if such Award is granted at a price that is not less than 110% of Fair Market Value on
the date of grant and the Award is exercisable for no more than five years from the date of grant.

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(e) Notice of Disposition. The Participant shall give the Company prompt notice of any disposition of
Shares acquired by exercise of an Incentive Share Option within (i) two years from the date of grant of such Incentive
Share Option, or (ii) one year after the transfer of such Shares to the Participant.

(f) Right to Exercise. During a Participant’s lifetime, an Incentive Share Option may be exercised only
by the Participant.

ARTICLE 6

RESTRICTED SHARES

6.1 Grant of Restricted Shares. The Committee is authorized to make Awards of Restricted Shares to any
Participant selected by the Committee in such amounts and subject to such terms and conditions as determined by the
Committee. All Awards of Restricted Shares shall be evidenced by an Award Agreement.

6.2 Issuance and Restrictions. Restricted Shares shall be subject to such restrictions on
transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the
right to vote Restricted Shares or the right to receive dividends on the Restricted Share). These restrictions may
lapse separately or in combination at such times, pursuant to such circumstances, in such installments, or otherwise,
as the Committee determines at the time of the grant of the Award or thereafter.

6.3 Forfeiture. Except as otherwise determined by the Committee at the time of the grant of the Award or
thereafter, upon termination of employment or service during the applicable restriction period, Restricted Shares that
are at that time subject to restrictions shall be forfeited; provided, however, that the Committee may (a) provide in
any Restricted Share Award Agreement that restrictions or forfeiture conditions relating to Restricted Shares will be
waived in whole or in part in the event of terminations resulting from specified causes, and (b) in other cases waive
in whole or in part restrictions or forfeiture conditions relating to Restricted Shares.

6.4 Certificates for Restricted Shares. Restricted Shares granted pursuant to the Plan may be evidenced
in such manner as the Committee shall determine. If certificates representing Restricted Shares are registered in the
name of the Participant, certificates must bear an appropriate legend referring to the terms, conditions, and
restrictions applicable to such Restricted Shares, and the Company may, at its discretion, retain physical possession
of the certificate until such time as all applicable restrictions lapse.

ARTICLE 7

OTHER TYPES OF AWARDS

7.1 Restricted Share Units. The Committee is authorized to make Awards of Restricted Share Units to any
Participant selected by the Committee in such amounts and subject to such terms and conditions as determined by the
Committee. At the time of grant, the Committee shall specify the date or dates on which the Restricted Share Units
shall become fully vested and nonforfeitable, and may specify such conditions to vesting as it deems appropriate. At
the time of grant, the Committee shall specify the maturity date applicable to each grant of Restricted Share Units
which shall be no earlier than the vesting date or dates of the Award and may be determined at the election of the
grantee. On the maturity date, the Company shall transfer to the Participant one unrestricted, fully transferable
Share for each Restricted Share Unit scheduled to be paid out on such date and not previously forfeited. The Committee
shall specify the purchase price, if any, to be paid by the grantee to the Company for such Shares.

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7.2 Term. Except as otherwise provided herein, the term of any Award of Restricted Share Units shall be
set by the Committee in its discretion.

7.3 Exercise or Purchase Price. The Committee may establish the exercise or purchase price, if any, of
any Award of Restricted Share Units; provided, however, that such price shall not be less than the par value of a
Share, unless otherwise permitted by Applicable Law.

7.4 Exercise Upon Termination of Employment or Service. An Award of Restricted Share Units shall only be
exercisable or payable while the Participant is an Employee, Consultant or a member of the Board, as applicable;
provided, however, that the Committee in its sole and absolute discretion may provide that an Award of Restricted Share
Units may be exercised or paid subsequent to a termination of employment, or following a Change of Control of the
Company, or because of the Participant’s retirement, death or Disability, or otherwise.

7.5 Form of Payment. Payments with respect to any Awards granted under this Article 7 shall be made in
cash (denominated in U.S. Dollars,), in Shares or a combination of both, as determined by the Committee.

7.6 Award Agreement. All Awards under this Article 7 shall be subject to such additional terms and
conditions as determined by the Committee and shall be evidenced by an Award Agreement.

ARTICLE 8

PROVISIONS APPLICABLE TO AWARDS

8.1 Stand-Alone and Tandem Awards. Awards granted pursuant to the Plan may, in the discretion of the
Committee, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan.
Awards granted in addition to or in tandem with other Awards may be granted either at the same time as or at a
different time from the grant of such other Awards.

8.2 Award Agreement. Awards under the Plan shall be evidenced by Award Agreements that set forth the
terms, conditions and limitations for each Award which may include the term of an Award, the provisions applicable in
the event the Participant’s employment or service terminates, and the Company’s authority to unilaterally or
bilaterally amend, modify, suspend, cancel or rescind an Award.

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8.3 Limits on Transfer. No right or interest of a Participant in any Award may be pledged, encumbered, or
hypothecated to or in favor of any party other than the Company or a Subsidiary, or shall be subject to any lien,
obligation, or liability of such Participant to any other party other than the Company or a Subsidiary. Except as
otherwise provided by the Committee, no Award shall be alienated, assigned, transferred, sold, or otherwise disposed of
by a Participant other than by will or the laws of descent and distribution. The Committee by express provision in the
Award or an amendment thereto may permit an Award (other than an Incentive Share Option) to be transferred to,
exercised by and paid to certain persons or entities related to the Participant, including but not limited to members
of the Participant’s family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial
owners are members of the Participant’s family and/or charitable institutions, or to such other persons or entities as
may be expressly approved by the Committee, pursuant to such conditions and procedures as the Committee may establish.
Any permitted transfer shall be subject to the condition that the Committee receive evidence satisfactory to it that
the transfer is being made for estate and/or tax planning purposes (or to a “blind trust” in connection with the
Participant’s termination of employment or service with the Company or a Subsidiary to assume a position with a
governmental, charitable, educational or similar non-profit institution) and on a basis consistent with the Company’s
lawful issue of securities.

8.4 Beneficiaries. Notwithstanding Section 8.3, a Participant may, in the manner determined by the
Committee, designate a beneficiary to exercise the rights of the Participant and to receive any distribution with
respect to any Award upon the Participant’s death. A beneficiary, legal guardian, legal representative, or other
person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award
Agreement applicable to the Participant, except to the extent the Plan and Award Agreement otherwise provide, and to
any additional restrictions deemed necessary or appropriate by the Committee. If the Participant is married and
resides in a community property jurisdiction, a designation of a person other than the Participant’s spouse as his or
her beneficiary with respect to more than 50% of the Participant’s interest in the Award shall not be effective without
the prior written consent of the Participant’s spouse. If no beneficiary has been designated or survives the
Participant, payment shall be made to the person entitled thereto pursuant to the Participant’s will or the laws of
descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a
Participant at any time provided the change or revocation is filed with the Committee.

8.5 Share Certificates. Notwithstanding anything herein to the contrary, the Company shall not be
required to issue or deliver any certificates evidencing shares of Share pursuant to the exercise of any Award, unless
and until the Board has determined, with advice of counsel, that the issuance and delivery of such certificates is in
compliance with all Applicable Laws, regulations of governmental authorities and, if applicable, the requirements of
any exchange on which the Shares are listed or traded. All Share certificates delivered pursuant to the Plan are
subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with
federal, state, or foreign jurisdiction, securities or other laws, rules and regulations and the rules of any national
securities exchange or automated quotation system on which the Shares are listed, quoted, or traded. The Committee may
place legends on any Share certificate to reference restrictions applicable to the Share. In addition to the terms and
conditions provided herein, the Board may require that a Participant make such reasonable covenants, agreements, and
representations as the Board, in its discretion, deems advisable in order to comply with any such laws, regulations, or
requirements. The Committee shall have the right to require any Participant to comply with any timing or other
restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be
imposed in the discretion of the Committee.

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8.6 Paperless Administration. Subject to Applicable Laws, the Committee may make Awards, provide
applicable disclosure and procedures for exercise of Awards by an internet website or interactive voice response system
for the paperless administration of Awards.

8.7 Foreign Currency. A Participant may be required to provide evidence that any U.S. dollars used to pay
the exercise price of any Award were acquired and taken out of the jurisdiction in which the Participant resides in
accordance with Applicable Laws, including foreign exchange control laws and regulations.

ARTICLE 9

CHANGES IN CAPITAL STRUCTURE

9.1 Adjustments. In the event of any dividend, share split, combination or exchange of Shares,
amalgamation, arrangement or consolidation, spin-off, recapitalization or other distribution (other than normal cash
dividends) of Company assets to its shareholders, or any other change affecting the shares of Shares or the share price
of a Share, the Committee shall make such proportionate adjustments, if any, as the Committee in its discretion may
deem appropriate to reflect such change with respect to (a) the aggregate number and type of shares that may be issued
under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1); (b) the terms and
conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria
with respect thereto); and (c) the grant or exercise price per share for any outstanding Awards under the Plan.

9.2 Acceleration upon a Change of Control. Except as may otherwise be provided in any Award Agreement or
any other written agreement entered into by and between the Company and a Participant, if a Change of Control occurs
and a Participant is terminated without cause within one (1) year after such Change of Control, the Board may decide to
grant one (1) year acceleration to such terminated Participant. Other than the foregoing, there is no accelerated
vesting in any event. Upon, or in anticipation of, a Change of Control, the Committee may in its sole discretion
provide for (i) any and all Awards outstanding hereunder to terminate at a specific time in the future and shall give
each Participant the right to exercise such Awards during a period of time as the Committee shall determine, (ii)
either the purchase of any Award for an amount of cash equal to the amount that could have been attained upon the
exercise of such Award or realization of the Participant’s rights had such Award been currently exercisable or payable
or fully vested (and, for the avoidance of doubt, if as of such date the Committee determines in good faith that no
amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such
Award may be terminated by the Company without payment), (iii) the replacement of such Award with other rights or
property selected by the Committee in its sole discretion the assumption of or substitution of such Award by the
successor or surviving corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number
and kind of Shares and prices, or (iv) provide for payment of Awards in cash based on the value of Shares on the date
of the Change of Control plus reasonable interest on the Award through the date such Award would otherwise be vested or
have been paid in accordance with its original terms, if necessary to comply with Section 409A of the Code.

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9.3 Outstanding Awards – Other Changes. In the event of any other change in the capitalization of the
Company or corporate change other than a Change in Control if the Committee determines that action is appropriate in
order to prevent the dilution or enlargement of the benefits or potential benefits intended to be made available under
the Plan or with respect to any Award under the Plan, to facilitate such transactions or events or to give effect to
such changes in laws, regulations or principles, the Committee, in its sole discretion and on such terms and conditions
as it deems appropriate, either by amendment of the terms of any outstanding Awards or by action taken prior to the
occurrence of such transaction or event and either automatically or upon the Participant’s request, is hereby
authorized to take any one or more of the following actions:

(a) To provide for either (i) termination of any such Award in exchange for an amount of cash and/or other
property, if any, equal to the amount that would have been attained upon the exercise of such Award (and, for the
avoidance of doubt, if as of the date of the occurrence of the transaction or event described in this Section 9.3 the
Committee determines in good faith that no amount would have been attained upon the exercise of such Award, then such
Award may be terminated by the Company without payment) or (ii) the replacement of such Award with other rights or
property selected by the Committee in its sole discretion;

(b) To provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary
thereof, or shall be substituted for by similar options covering the shares of the successor or survivor corporation,
or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and exercise
prices; and

(c) To make adjustments in the number and type of Shares (or other securities or property) subject to outstanding
Awards and/or in the terms and conditions of the Awards (including the exercise price), and the criteria included in,
outstanding Awards and Awards which may be granted in the future;

(d) To provide that such Award shall be exercisable or fully vested with respect to all shares covered thereby,
notwithstanding anything to the contrary in the Plan or the applicable Award Agreement; and

(e) To provide that the Award cannot vest or be exercised after such event.

9.4 No Other Rights. Except as expressly provided in the Plan, no Participant shall have any rights by
reason of any subdivision or consolidation of Shares of any class, the payment of any dividend, any increase or
decrease in the number of shares of any class or any dissolution, liquidation, merger, or consolidation of the Company
or any other corporation. Except as expressly provided in the Plan or pursuant to action of the Committee under the
Plan, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall
affect, and no adjustment by reason thereof shall be made with respect to, the number of shares subject to an Award or
the grant or exercise price of any Award.

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ARTICLE 10

ADMINISTRATION

10.1 Committee. Unless and until the Board delegates administration of the Plan to a Committee as set
forth below, the Plan shall be administered by the full Board, and for such purposes the term “Committee” as used in
this Plan shall be deemed to refer to the Board. The Board, at its discretion or as otherwise necessary to comply with
the requirements of Rule 16b-3 promulgated under the Exchange Act or to the extent required by any other applicable
rule or regulation, shall delegate administration of the Plan to a committee. Notwithstanding the foregoing, the full
Board, acting by a majority of its members in office, shall conduct the general administration of the Plan with respect
to all Awards granted to Independent Directors and for purposes of such Awards the term “Committee” as used in this
Plan shall be deemed to refer to the Board. Appointment of Committee members shall be effective upon acceptance of
appointment. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan.
Committee members may resign at any time by delivering written notice to the Board. Vacancies in the Committee may
only be filled by the Board.

10.2 Action by the Committee. A majority of the Committee shall constitute a quorum. The acts of a
majority of the members present at any meeting at which a quorum is present, and acts approved in writing by a majority
of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is
entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or
other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any
executive compensation consultant or other professional retained by the Company to assist in the administration of the
Plan.

10.3 Authority of Committee. Subject to any specific designation in the Plan, the Committee has the
exclusive power, authority and discretion to:

(a) Designate Participants to receive Awards;

(b) Determine the type or types of Awards to be granted to each Participant;

(c) Determine the number of Awards to be granted and the number of Shares to which an Award will relate;

(d) Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to,
the exercise price, grant price, or purchase price, any restrictions or limitations on the Award, any schedule for
lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers
thereof, any provisions related to non-competition and recapture of gain on an Award, based in each case on such
considerations as the Committee in its sole discretion determines;

(e) Determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the
exercise price of an Award may be paid in, cash, Shares, other Awards, or other property, or an Award may be canceled,
forfeited, or surrendered;

12

 

12

 

(f) Prescribe the form of each Award Agreement, which need not be identical for each Participant;

(g) Decide all other matters that must be determined in connection with an Award;

(h) Establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the
Plan;

(i) Interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and

(j) Make all other decisions and determinations that may be required pursuant to the Plan or as the Committee
deems necessary or advisable to administer the Plan.

10.4 Decisions Binding. The Committee’s interpretation of the Plan, any Awards granted pursuant to the
Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final,
binding, and conclusive on all parties.

ARTICLE 11

EFFECTIVE AND EXPIRATION DATE

11.1 Effective Date. The Plan is effective as of the date the Plan is approved by the Company’s
shareholders (the “Effective Date”). The Plan will be deemed to be approved by the shareholders if it receives
the affirmative vote of the holders of a majority of the share capital of the Company present or represented and
entitled to vote at a meeting duly held in accordance with the applicable provisions of the Company’s Memorandum of
Association and Articles of Association. Notwithstanding the foregoing, the Effective Date shall not be later than the
first anniversary of the date on which the Board adopts the Plan (the “Board Adoption Date”). Between the Board
Adoption Date and the Effective Date, the Committee may grant Options to any persons pursuant to the terms of the Plan,
provided that none of such persons shall be allowed to exercise the Options prior to the Effective Date.

11.2 Expiration Date. The Plan will expire on, and no Award may be granted pursuant to the Plan after,
the tenth anniversary of the Effective Date. Any Awards that are outstanding on the tenth anniversary of the Effective
Date shall remain in force according to the terms of the Plan and the applicable Award Agreement.

ARTICLE 12

AMENDMENT, MODIFICATION, AND TERMINATION

12.1 Amendment, Modification, And Termination. With the approval of the Board, at any time and from time
to time, the Committee may terminate, amend or modify the Plan; provided, however, that (a) to the extent necessary and
desirable to comply with any applicable law, regulation, or stock exchange rule, the Company shall obtain shareholder
approval of any Plan amendment in such a manner and to such a degree as required, and (b) shareholder approval is
required for any amendment to the Plan that (i) increases the number of Shares available under the Plan (other than any
adjustment as provided by Article 9), (ii) permits the Committee to extend the exercise period for an Option beyond ten
years from the date of grant, or (iii) results in a material increase in benefits or a change in eligibility
requirements.

13

 

13

 

12.2 Awards Previously Granted. Except with respect to amendments made pursuant to Section 13.14, no
termination, amendment, or modification of the Plan shall adversely affect in any material way any Award previously
granted pursuant to the Plan without the prior written consent of the Participant.

ARTICLE 13

GENERAL PROVISIONS

13.1 No Rights to Awards. No Participant, employee, or other person shall have any claim to be granted
any Award pursuant to the Plan, and neither the Company nor the Committee is obligated to treat Participants,
employees, and other persons uniformly.

13.2 No Shareholders Rights. No Award gives the Participant any of the rights of a Shareholder of the
Company unless and until Shares are in fact issued to such person in connection with such Award.

13.3 Taxes. No Shares shall be delivered under the Plan to any Participant until such Participant has
made arrangements acceptable to the Committee for the satisfaction of any income and employment tax withholding
obligations under Applicable Laws, including without limitation the PRC tax laws, rules, regulations and government
orders or the U.S. Federal, state or local tax laws, as applicable. The Company or any Subsidiary shall have the
authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient
to satisfy federal, state, local and foreign taxes (including the Participant’s payroll tax obligations) required by
law to be withheld with respect to any taxable event concerning a Participant arising as a result of this Plan. The
Committee may in its discretion and in satisfaction of the foregoing requirement allow a Participant to elect to have
the Company withhold Shares otherwise issuable under an Award (or allow the return of Shares) having a Fair Market
Value equal to the sums required to be withheld. Notwithstanding any other provision of the Plan, the number of Shares
which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be
repurchased from the Participant of such Award after such Shares were acquired by the Participant from the Company) in
order to satisfy the Participant’s federal, state, local and foreign income and payroll tax liabilities with respect to
the issuance, vesting, exercise or payment of the Award shall, unless specifically approved by the Committee, be
limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the
aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and
foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income.

13.4 No Right to Employment or Services. Nothing in the Plan or any Award Agreement shall interfere with
or limit in any way the right of the Company to terminate any Participant’s employment or services at any time, nor
confer upon any Participant any right to continue in the employ or service of the Company.

14

 

14

 

13.5 Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation.
With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any
Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company
or any Subsidiary.

13.6 Indemnification. To the extent allowable pursuant to applicable law, each member of the Committee or
of the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may
be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action, suit, or
proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure
to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction of judgment in
such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own
expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf.
The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such
persons may be entitled pursuant to the Company’s Memorandum of Association and Articles of Association,, as a matter
of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

13.7 Relationship to other Benefits. No payment pursuant to the Plan shall be taken into account in
determining any benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or
other benefit plan of the Company or any Subsidiary except to the extent otherwise expressly provided in writing in
such other plan or an agreement thereunder.

13.8 Expenses. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries.

13.9 Titles and Headings. The titles and headings of the Sections in the Plan are for convenience of
reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall
control.

13.10 Fractional Shares. No fractional shares of Share shall be issued and the Committee shall determine,
in its discretion, whether cash shall be given in lieu of fractional shares or whether such fractional shares shall be
eliminated by rounding up or down as appropriate.

13.11 Government and Other Regulations. The obligation of the Company to make payment of awards in Share
or otherwise shall be subject to all Applicable Laws, rules, and regulations, and to such approvals by government
agencies as may be required. The Company shall be under no obligation to register any of the Shares paid pursuant to
the Plan under the Securities Act or any other similar law in any applicable jurisdiction. If the Shares paid pursuant
to the Plan may in certain circumstances be exempt from registration pursuant to the Securities Actor other Applicable
Laws the Company may restrict the transfer of such shares in such manner as it deems advisable to ensure the
availability of any such exemption.

15

 

15

 

13.12 Governing Law. The Plan and all Award Agreements shall be construed in accordance with and governed
by the laws of the Cayman Islands.

13.13 Section 409A. To the extent that the Committee determines that any Award granted under the Plan is
or may become subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the
terms and conditions required by Section 409A of the Code. To the extent applicable, the Plan and the Award Agreements
shall be interpreted in accordance with Section 409A of the Code and the U.S. Department of Treasury regulations and
other interpretative guidance issued thereunder, including without limitation any such regulation or other guidance
that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event
that following the Effective Date the Committee determines that any Award may be subject to Section 409A of the Code
and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the
Effective Date), the Committee may adopt such amendments to the Plan and the applicable Award agreement or adopt other
policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other
actions, that the Committee determines is necessary or appropriate to (a) exempt the Award from Section 409A of the
Code and /or preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with
the requirements of Section 409A of the Code and related U.S. Department of Treasury guidance.

13.14 Appendices. The Committee may approve such supplements, amendments or appendices to the Plan as it
may consider necessary or appropriate for purposes of compliance with Applicable Laws and such supplements, amendments
or appendices shall be considered a part of the Plan; provided, however, that no such supplements shall increase the
share limitations contained in Sections 3.1 of the Plan.

16

 

16Exhibit 4.2

Exhibit 4.2

Warrant

THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN
REGISTERED UNDER EITHER THE SECURITIES ACT OF 1933 (THE “ACT”) OR APPLICABLE STATE SECURITIES LAWS
(THE “STATE ACTS”) AND SHALL NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED, OR OTHERWISE TRANSFERRED
(WHETHER OR NOT FOR CONSIDERATION) BY THE HOLDER EXCEPT UPON THE ISSUANCE TO THE COMPANY OF A
FAVORABLE OPINION OF COUNSEL OR SUBMISSION TO THE COMPANY OF SUCH EVIDENCE AS MAY BE SATISFACTORY
TO COUNSEL TO THE COMPANY, IN EACH SUCH CASE, TO THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE IN
VIOLATION OF THE ACT AND THE STATE ACTS.

WARRANT TO PURCHASE 1,500,000 SHARES OF COMMON STOCK

CAPTERRA FINANCIAL GROUP, INC.

(a Colorado Corporation)

Not Transferable or Exercisable Except

Upon Conditions Herein Specified

Void after 5:00 O’Clock p.m.,

Mountain Standard Time, on October 30, 2012

CAPTERRA FINANCIAL GROUP, INC., a Colorado corporation (the “Company”) hereby certifies that
BOCO INVESTMENTS, LLC., a limited liability company organized under the laws of the State of
Colorado, its registered successors and permitted assigns registered on the books of the Company maintained for such purposes as the registered holder hereof (the “Holder”),
for value received, is entitled to purchase from the Company the number of fully paid and
non-assessable shares of Common Stock of the Company (the “Shares”), stated above at the purchase
price of $.25 per Share (the “Exercise Price”) (the number of Shares and Exercise Price being
subject to adjustment as hereinafter provided) upon the terms and conditions herein provided.

 

 

 

1. Exercise of Warrants.

(a) Subject to subsection (b) of this Section 1, upon presentation and surrender of this
Warrant Certificate, with the attached Purchase Form duly executed, at the principal office of the
Company at 1440 Blake Street, Suite 310, Denver, Colorado 80202, or at such other place as the
Company may designate by notice to the Holder hereof, together with a certified or bank cashier’s
check payable to the order of the Company in the amount of the Exercise Price times the number of
Shares being purchased, the Company shall deliver to the Holder hereof, as promptly as practicable,
certificates representing the Shares being purchased. This Warrant may be exercised in whole or in
part; and, in case of exercise hereof in part only, the Company, upon surrender hereof, will
deliver to the Holder a new Warrant Certificate or Warrant Certificates of like tenor entitling the
Holder to purchase the number of Shares as to which this Warrant has not been exercised.

(b) This Warrant may be exercised in whole or in part at any time prior to 5:00 o’clock P.M.,
Mountain Standard Time, on October 30, 2012.

2. Exchange and Transfer of Warrant. This Warrant (a) at any time prior to the exercise
hereof, upon presentation and surrender to the Company, may be exchanged, alone or with other
Warrants of like tenor registered in the name of the Holder, for another Warrant or other Warrants
of like tenor in the name of such Holder exercisable for the same aggregate number of Shares as the
Warrant or Warrants surrendered, and (b) may be sold, transferred, hypothecated or assigned, in
whole or in part.

3. Rights and Obligations of Warrant Holder.

(a) The Holder of this Warrant Certificate shall not, by virtue hereof, be entitled to any
rights of a stockholder in the Company, either at law or in equity; provided, however, in the event
that any certificate representing the Shares is issued to the Holder hereof upon exercise of this
Warrant, such Holder shall, for all purposes, be deemed to have become the holder of record of such
Shares on the date on which this Warrant Certificate, together with a duly executed Purchase Form,
was surrendered and payment of the Exercise Price was made, irrespective of the date of delivery of
such Share certificate. The rights of the Holder of this Warrant are limited to those expressed
herein and the Holder of this Warrant, by its acceptance hereof, consents to and agrees to be bound
by and to comply with all the provisions of this Warrant Certificate, including, without
limitation, all the obligations imposed upon the Holder hereof by Sections 2 and 5 hereof. In
addition, the Holder of this Warrant Certificate, by accepting the same, agrees that the Company
may deem and treat the person in whose name this Warrant Certificate is registered on the books of
the Company maintained for such purpose as the absolute, true and lawful owner for all purposes
whatsoever, notwithstanding any notation of ownership or other writing thereon, and the Company
shall not be affected by any notice to the contrary.

 

 

 

(b) No Holder of this Warrant Certificate, as such, shall be entitled to vote or receive
distributions or to be deemed the holder of Shares for any purpose, nor shall anything contained in
this Warrant Certificate be construed to confer upon any Holder of this Warrant Certificate, as
such, any of the rights of a stockholder of the Company or any right to vote, give or withhold consent to any action
by the Company, whether upon any recapitalization, issue of stock, reclassification of stock,
merger, conveyance or otherwise, receive notice of meetings or other action affecting stockholders
(except for notices provided for herein), receive distributions, subscription rights, or otherwise,
until this Warrant shall have been exercised and the Shares purchasable upon the exercise thereof
shall have become deliverable as provided herein; provided, however, that any such exercise on any
date when the stock transfer books of the Company shall be closed shall constitute the person or
persons in whose name or names the certificate or certificates for those Shares are to be issued as
the record holder or holders thereof for all purposes at the opening of business on the next
succeeding day on which such stock transfer books are open, and the Warrant surrendered shall not
be deemed to have been exercised, in whole or in part as the case may be, until the next succeeding
day on which stock transfer books are open for the purpose of determining entitlement to
distributions on the Company’s common stock.

4. Shares Underlying Warrants. The Company covenants and agrees that all Shares delivered upon
exercise of this Warrant shall, upon delivery and payment therefore, be duly and validly authorized
and issued, fully-paid and non-assessable, and free from all stamp taxes, liens, and charges with
respect to the purchase thereof. In addition, the Company agrees at all times to reserve and keep
available an authorized number of Shares sufficient to permit the exercise in full of this Warrant.

5. Disposition of Warrants or Shares.

(a) The holder of this Warrant Certificate and any transferee hereof or of the Shares issuable
upon the exercise of the Warrant Certificate, by their acceptance hereof, hereby understand and
agree that the Warrant, and the Shares issuable upon the exercise hereof, have not been registered
under either the Securities Act of 1933 (the “Act”) or applicable state securities laws (the “State
Acts”) and shall not be sold, pledged, hypothecated, donated, or otherwise transferred (whether or
not for consideration) except upon the issuance to the Company of a favorable opinion of counsel or
submission to the Company of such evidence as may be satisfactory to counsel to the Company, in
each such case, to the effect that any such transfer shall not be in violation of the Act and the
State Acts. It shall be a condition to the transfer of this Warrant that any transferee thereof
deliver to the Company its written agreement to accept and be bound by all of the terms and
conditions of this Warrant Certificate.

(b) The stock certificates of the Company that will evidence the shares of Common Stock with
respect to which this Warrant may be exercisable will be imprinted with conspicuous legend in
substantially the following form:

“The securities represented by this certificate have not been registered under
either the Securities Act of 1933 (the “Act”) or applicable state securities laws
(the “State Acts”) and shall not be sold, pledged, hypothecated, donated or
otherwise transferred (whether or not for consideration) by the holder except upon
the issuance to the Company of a favorable opinion of its counsel or submission to
the company of such other evidence as may be satisfactory to counsel of the Company,
in each such case, to the effect that any such transfer shall not be in violation of
the Act and the State Acts.”

The Company does not file, and does not in the foreseeable future contemplate filing, periodic
reports with the Securities and Exchange Commission (“SEC”) pursuant to the provisions of the
Securities Exchange Act of 1934, as amended. Except as provided in Section 8 of this Warrant, the
Company has not agreed to register any of the holder’s shares of Common Stock of the Company with
respect to which this Warrant may be exercisable for distribution in accordance with the provisions
of the Act or the State Acts and, the Company has not agreed to comply with any exemption from
registration under the Act or the State Acts for the resale of the holder’s shares of Common Stock
of the Company with respect to which this Warrant may be

 

 

 

exercised. Hence, it is the understanding of the holders of this Warrant that by virtue of the
provisions of certain rules respecting “restricted securities” promulgated by the SEC, the shares
of Common Stock of the Company with respect to which this Warrant may be exercisable may be
required to be held indefinitely, unless and until registered under the Act and the State Acts,
unless an exemption from such registration is available, in which case the holder may still be
limited as to the number of shares of Common Stock of the Company with respect to which this
Warrant may be exercised that may be sold.

6. Adjustments. The number of Shares purchasable upon the exercise of each Warrant is subject
to adjustment from time to time upon the occurrence of any of the events enumerated below.

(a) In case the Company shall: (i) pay a dividend in Shares, (ii) subdivide its outstanding
Shares into a greater number of Shares, (iii) combine its outstanding Shares into a smaller number
of Shares, or (iv) issue, by reclassification of its Shares, any shares of its capital stock, the
amount of Shares purchasable upon the exercise of each Warrant immediately prior thereto shall be
adjusted so that the Holder shall be entitled to receive upon exercise of the Warrant that number
of Shares which such Holder would have owned or would have been entitled to receive after the
happening of such event had such Holder exercised the Warrant immediately prior to the record date,
in the case of such dividend, or the effective date, in the case of any such subdivision,
combination or reclassification. An adjustment made pursuant to this subsection (a) shall be made
whenever any of such events shall occur, but shall become effective retroactively after such record
date or such effective date, as the case may be, as to Warrants exercised between such record date
or effective date and the date of happening of any such event.

(b) In case the Company shall issue rights or warrants to all holders of its Shares entitling
them to subscribe for or to purchase Shares at a price per Share which, when added to the amount of
consideration received or receivable by the Company for such rights or warrants, is less than the
Current Market Price (as hereinafter defined) per Share at the record date, the number of Shares
purchasable upon the exercise of this Warrant shall be adjusted so that thereafter, until further
adjusted, each Warrant shall entitle the Holder to purchase that number of Shares determined by
multiplying the number of Shares purchasable hereunder by a fraction, the numerator of which shall
be the number of additional Shares issuable upon the exercise of such rights or warrants, and the
denominator of which shall be the number of Shares which an amount equal to the sum of (i) the
aggregate exercise price of the total number of Shares issuable upon the exercise of such rights or
warrants, and (ii) the aggregate amount of consideration, if any, received, or receivable by the
Company for such rights or warrants, would purchase at such Current Market Price. Such adjustment
shall be made whenever such rights or warrants are issued, but shall also be effective
retroactively as to Warrants exercised between the record date for the determination of
stockholders entitled to receive such rights or warrants and the date such rights or warrants are
issued.

(c) For the purpose of any computation under subsection (b) above, the Current Market Price
per Share at any date shall be: (i) if the Shares are listed on any national securities exchange,
the average of the daily closing prices for the 15 consecutive business days commencing 20 business
days before the day in question (the “Trading Period”); (ii) if the Shares are not listed on any
national securities exchange but are quoted on the National Association of Securities Dealers, Inc.
Automated Quotation System (“NASDAQ”), the average of the high and low bids as reported by NASDAQ
for the Trading Period; and (iii) if the Shares are neither listed on any national securities
exchange nor quoted on NASDAQ, the higher of (x) the exercise price then in effect, or (y) the
tangible book value per Share as of the end of the Company’s immediately preceding fiscal year.

(d) No adjustment shall be required unless such adjustment would require an increase or
decrease of at least 1% in the number of Shares purchasable hereunder; provided, however, that any
adjustments which by reason of this subsection (d) are not required to be made shall be carried
forward and taken into account in any subsequent adjustment. All calculations under this Section 6 shall be
made to the nearest one-hundredth of a Share.

 

 

 

(e) No adjustment shall be made in any of the following cases:

(i) Upon the grant or exercise of stock options now or hereafter granted, or under any
employee stock option or stock purchase plan now or hereafter authorized, to the extent that the
aggregate of the number of Shares which may be purchased under such options and the number of
Shares issued under such employee stock purchase plan is less than or equal to 10% of the number of
Shares outstanding on January 1 of the year of the grant or exercise;

(ii) Shares issued upon the conversion of any of the Company’s convertible or exchangeable
securities;

(iii) Shares issued in connection with the acquisition by the Company or by any subsidiary of
the Company of 80% or more of the assets of another corporation or entity, and Shares issued in
connection with the acquisition by the Company or by any subsidiary of the Company of 80% or more
of the voting shares of another corporation (including Shares issued in connection with such
acquisition of voting shares of such other corporation subsequent to the acquisition of an
aggregate of 80% of such voting shares), Shares issued in a merger of the Company or a subsidiary
of the Company with another corporation in which the Company or the Company’s subsidiary is the
surviving corporation, and Shares issued upon the conversion of other securities issued in
connection with any such acquisition or in any such merger; and

(iv) Shares issued pursuant to this Warrant and pursuant to all stock options and warrants
outstanding on the date hereof.

(f) Notice to Warrant Holders of Adjustment. Whenever the number of Shares purchasable
hereunder is adjusted as herein provided, the Company shall cause to be mailed to the Holder in
accordance with the provisions of this Section 6 a notice (i) stating that the number of Shares
purchasable upon exercise of this Warrant have been adjusted, (ii) setting forth the adjusted
number of Shares purchasable upon the exercise of a Warrant, and (iii) showing in reasonable detail
the computations and the facts, including the amount of consideration received or deemed to have
been received by the Company, upon which such adjustments are based.

7. Fractional Shares. The Company shall not be required to issue any fraction of a Share upon
the exercise of Warrants. If more than one Warrant shall be surrendered for exercise at one time by
the same Holder, the number of full Shares which shall be issuable upon exercise thereof shall be
computed on the basis of the aggregate number of Shares with respect to which this Warrant is
exercised. If any fractional interest in a Share shall be deliverable upon the exercise of this
Warrant, the Company shall make an adjustment therefor in cash equal to such fraction multiplied by
the Current Market Price of the Shares on the business day next preceding the day of exercise.

8. Registration Rights. There shall be no registration rights in connection with the Common
shares underlying these warrants.

9. Loss or Destruction. Upon receipt of evidence satisfactory to the Company of the loss,
theft, destruction, or mutilation of this Warrant Certificate and, in the case of any such loss,
theft or destruction, upon delivery of an indemnity agreement or bond satisfactory in form,
substance and amount to the Company or, in the case of any such mutilation, upon surrender and
cancellation of this Warrant Certificate, the Company at its expense will execute and deliver, in
lieu thereof, a new Warrant Certificate of like tenor.

 

 

 

10. Survival. The various rights and obligations of the Holder hereof as set forth herein
shall survive the exercise of the Warrants represented hereby and the surrender of this Warrant
Certificate.

11. Notices. Whenever any notice, payment of any purchase price, or other communication is
required to be given or delivered under the terms of this Warrant, it shall be in writing and
delivered by hand delivery or United States registered or certified mail, return receipt requested,
postage prepaid, and will be deemed to have been given or delivered on the date such notice,
purchase price or other communication is so delivered or posted, as the case may be; and, if to the
Company, it will be addressed to the address specified in Section 1 hereof, and if to the Holder,
it will be addressed to the registered Holder at its, his or her address as it appears on the books
of the Company.

	 	 	 	 	 
	 	 	CAPTERRA FINANCIAL GROUP, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ James. W. Creamer, III
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Its:
	 	President
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Date:
	 	March 31, 2009
	 

	 	 	 	 

 

 

 

PURCHASE FORM

                    , 20__

TO: CAPTERRA FINANCIAL GROUP, INC.

The undersigned hereby irrevocably elects to exercise the attached Warrant Certificate to the
extent of                      shares of the Common Stock, of CAPTERRA FINANCIAL GROUP, INC. and hereby makes
payment of $                     in accordance with the provisions of Section 1 of the Warrant Certificate in
payment of the purchase price thereof.

	 	 	 	 	 
	Name:
	 	 	 	 
	 

	 	 

(Please typewrite or print in block letters)
	 	 
	 
	 	 	 	 
	Address:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 

	 	 	 	 	 
	 	 	BOCO INVESTMENTS, LLC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Its:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Date:

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