Document:

Home System Group: Exhibit 10.2 - Prepared by TNT Filings Inc.

 

  

HOME SYSTEM GROUP 

Oceanic Industry Park, Sha Gang Highway 

Gang Kou Town, Zhongshan City 

Guangdong, People's Republic of China, 528447 

June 29, 2007 

Zhongshan City Juxian Gas Oven Co., Ltd 

No.56 Tongan Rd. West 

Dongfeng Town, Zhongshan City, 

Guangdong, People's Republic of China, 528425 

Ladies and Gentlemen: 

Reference is made to the Share
Exchange Agreement ("Agreement"), dated April 20, 2007, among Home System
Group (the "Company"), its wholly-owned subsidiary Holy (HK) Limited,
HHK's wholly-owned subsidiary Oceanic Well Profit, Inc., Zhongshan City Juxian
Gas Oven Co., Ltd. ("Juxian"), and Juxian's shareholders (the "Shareholders"),
pursuant to which the Company became obligated to acquire 100% of Juxian from
the Shareholders for $14,000,000, $10,000,000 of which is payable in cash and
$4,000,000 of which is payable in shares of the Company's common stock (the "Shares"),
valued at $4.00 per share. Terms not defined herein shall have the meanings set
forth in the Agreement. 

Pursuant to Sections 9(e) and (f)
of the Agreement, either Juxian or the Company may terminate the Agreement if
the transactions contemplated by the Agreement do not close on or before June
30, 2007. However, because June 30, 2007 falls on a non-business day, Juxian and
the Company have agreed to amend Section 9 of the Agreement to postpone
the closing until July 2, 2007, the next business day following June 30, 2007.

In addition, Juxian and the
Shareholders acknowledge and agree that the Company is issuing the Shares in
reliance upon exemptions from the registration requirements of the U. S.
Securities Act of 1933 (the "Securities Act"), pursuant to Regulation S
thereunder, and that the representations and warranties of the Shareholders in
Section 2.29 of the Agreement do not adequately support the reliance.
Therefore, the Shareholders have agreed to amend Section 2.29 of the
Agreement to provide adequate Shareholder representations and warranties. 

Therefore, the Company, Juxian and the Shareholders
agree to amend the Agreement (the "Amendment") as hereinafter set forth:

1.     Section
9 - Each occurrence of the date "June 30, 2007" in Subsections (e) and (f)
of Section 19 of the Agreement is deleted in its entirety and substituted
in its place is the date "July 2, 2007". 

2.     Section 2.29 -
Section 2.29 of the Agreement is deleted in its entirety and
substituted in its place is the following: 

2.28     
SHAREHOLDER REPRESENTATIONS. Each of the Shareholders understands,
acknowledges and agrees that the offering and sale of the Acquisition Shares to
the Shareholders has not been registered under the Securities Act or under any
state securities laws or regulations and that the Acquisition Shares are being
offered and sold to it in reliance on an 

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exemption from the registration requirements of United States
federal and state securities laws under Regulation S promulgated under the
Securities Act and that Home System Group is relying upon the truth and accuracy
of the representations, warranties, agreements, acknowledgments and
understandings of each of the Shareholders set forth herein in order to
determine the applicability of such exemptions and the suitability of such
Shareholders to acquire the Acquisition Shares. In this regard, each of the
Shareholders represents and warrants as follows: 

(a) It is not a U.S. Person (as
defined below) and is not an affiliate (as defined in Rule 501(b) under the
Securities Act) of Zhongshan City Weihe Appliances Co., Ltd. A U.S. Person means
any one of the following: (1) any natural person resident in the United States
of America; (2) any partnership or corporation organized or incorporated under
the laws of the United States of America; (3) any estate of which any executor
or administrator is a U.S. person; (4) any trust of which any trustee is a U.S.
person; (5) any agency or branch of a foreign entity located in the United
States of America; (6) any non
discretionary account or similar
account (other than an estate or trust) held by a dealer or other fiduciary for
the benefit or account of a U.S. person; (7) any discretionary account or
similar account (other than an estate or trust) held by a dealer or other
fiduciary organized, incorporated or (if an individual) resident in the United
States of America; and (8) any partnership or corporation if: (a) organized or
incorporated under the laws of any foreign jurisdiction; and (b) formed by a
U.S. person principally for the purpose of investing in securities not
registered under the Securities Act, unless it is organized or incorporated, and
owned, by accredited investors (as defined in Rule 501(a) under the Securities
Act) who are not natural persons, estates or trusts. 

(b) At the time of the origination of
contact concerning this contract and the date of the execution and delivery of
this contract, each of the Shareholders was outside of the United States. 

(c) None of the Shareholders will, during
the period commencing on the date of issuance of the Acquisition Shares and
ending on the first anniversary of such date, or such shorter period as may be
permitted by Regulation S or other applicable securities law (the "Restricted
Period"), offer, sell, pledge or otherwise transfer the Acquisition Shares in
the United States, or to a U.S. Person for the account or for the benefit of a
U.S. Person, or otherwise in a manner that is not in compliance with Regulation
S. At no time shall a Shareholder offer or sell the Acquisition Shares unless
they are registered under the Securities Act or are exempt from the registration
requirements of the Securities Act and any applicable state or foreign
securities laws or regulations. 

(d) Each of the Shareholders will, after
expiration of the Restricted Period, offer, sell, pledge or otherwise transfer
the Acquisition Shares only pursuant to registration under the Securities Act or
an available exemption therein and, in accordance with all applicable state and
foreign securities laws. 

(e) No Shareholder has engaged in, and
prior to the expiration of the Restricted Period will not directly or indirectly
engage in, any short selling of or any hedging or similar transaction with
respect to the Acquisition Shares in the United States, including without
limitation, any put, call or other option transaction, option writing or equity
swap. 

(f) Neither a Shareholder nor or any
person acting on its behalf has engaged, nor will engage, in any directed
selling efforts to a U.S. Person with respect to the Acquisition Shares and the
Shareholder and any person acting on its behalf have complied and will comply
with the "offering restrictions" requirements of Regulation S under the
Securities Act. 

(g) The transactions contemplated by this
contract have not been prearranged with a buyer located in the United States or
with a U.S. Person, and are not part of a plan or scheme to evade the
registration requirements of the Securities Act. 

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(h) None of the Shareholders or any
person acting on their behalf has undertaken or carried out any activity for the
purpose of, or that could reasonably be expected to have the effect of,
conditioning the market in the United States, its territories or possessions,
for any of the Acquisition Shares. Each of the Shareholders agrees not to cause
any advertisement of the Acquisition Shares to be published in any newspaper or
periodical or posted in any public place and not to issue any circular relating
to the Acquisition Shares, except such advertisements that include the
statements required by Regulation S under the Securities Act, and only offshore
and not in the U.S. or its territories, and only in compliance with any local
applicable securities laws. 

Each of the Company, Juxian and the
Shareholders acknowledges and agrees that, except as specifically set forth in
this Amendment, all of the terms and conditions of the Agreement, including, but
not limited to, all the obligations of the Company, Juxian and the Shareholders,
shall remain unchanged and in full force in affect. 

[REMAINDER OF PAGE LEFT BLANK INTENTIONALLY] 

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If the foregoing provisions correctly
state our understanding with respect to the above matters, please indicate your
agreement by signing two copies of this letter in the space provided below and
returning one of the copies to us. 

  	Very truly yours,
	 
	HOME SYSTEM GROUP
	 
	By /s/ Weiqiu Li          
      
	     
      Weiqiu Li
	     
      Chief Executive Officer

Acknowledged this 29th day of June, 2006: 

ZHONGSHAN CITY JUXIAN GAS OVEN CO., LTD. 

By /s/ Zhenguang Huang           

      Zhenguang Huang 

      Chief Executive Officer 

SHAREHOLDERS: 

By /s/ Zhenbiao Huang              

      Zhenbiao Huang 

By /s/ Jingxian Huang                

      Jingxian Huang 

Letter Amendment to Juxian Share Exchange Agreementex41.htm

    Exhibit
      4.1

    

     

    CERTIFICATE
      OF DESIGNATION OF

    SERIES
      A CONVERTIBLE PREFERRED STOCK OF

    PATRIOT
      INVESTMENT CORPORATION

    

     

    SETTING
      FORTH THE PREFERENCES, RIGHTS,

    QUALIFICATIONS
      AND LIMITATIONS OF SUCH SERIES OF PREFERRED STOCK

    

    Patriot
      Investment Corporation, a Nevada corporation (the "Company"), does hereby
      certify that:

    

    Pursuant
      to the authority conferred upon the Board of Directors of the Company by the
      Articles of Incorporation of the Company, the Board of Directors of the Company
      on June 18, 2007 adopted the following resolution creating a series of preferred
      stock designated as Series A Voting Convertible Preferred Stock, and such
      resolution has not been modified and is in full force and effect on the date
      hereof:

    

    RESOLVED
      that, pursuant to the authority vested in the Board of Directors of the Company
      in accordance with the provisions of the Articles of Incorporation, a series
      of
      the class of authorized preferred stock, par value $0.001 per share, of the
      Company is hereby created and that the designation and number of shares thereof
      and the voting powers, preferences and relative, participating, optional and
      other special rights of the shares of such series, and the qualifications,
      limitations and restrictions thereof are as follows:

    

    
      	
              1.  

            	
              Designation
                and Rank. The series of Preferred Stock shall be designated the
                “Series A Convertible Preferred Stock” (“Series A Preferred”) and shall
                consist of 10,000,000 shares. The Series A Preferred and any other
                series
                of Preferred Stock authorized by the Board of Directors of the Company
                are
                hereinafter referred to as “Preferred Stock.” The Series A Preferred shall
                be senior to the common stock and all other shares of Preferred Stock
                that
                may be later authorized.

            

    

    

    
      	
              2.  

            	
              Dividend
                Rate and Rights. The holders of the Series A Preferred shall be
                entitled to receive dividends or other distributions only when, as,
                and if
                declared by the directors of the Corporation, and they shall not
                be
                entitled to receive dividends or other distributions with the holders
                of
                the Common Stock on an as converted basis. In particular, the Series
                A
                Preferred shall not be entitled to share or participate in the special
                cash distribution proposed to be paid by the Company to the holders
                of its
                common stock as of a record date between June 28, 2007 and July 15,
                2007
                in an amount not to exceed $0.01227 per
                share

            

    

    

    
      	
              3.  

            	
              Conversion
                into Common Stock.

            

    

    

    
      	
              (a)  

            	
              Right
                to Convert. Each share of Series A Preferred shall be convertible, at
                the option of the holder thereof, at any time after July 31, 2007
                (the
                “Conversion Date”) into 4.753 shares of fully paid and nonassessable
                shares of Common Stock (the “Conversion
                Ratio”).

            

    

    

    
      	
              (b)

            	
              Mechanics
                of Conversion. Before any holder shall be entitled to convert, he
                shall surrender the certificate or certificates representing the
                Series A
                Preferred to be converted, duly endorsed or accompanied by proper
                instruments of transfer, at the office of the Corporation or of any
                transfer agent, and shall give written notice to the Corporation
                at such
                office that he elects to convert the same. The Corporation shall,
                as soon
                as practicable thereafter, issue a certificate of certificates for
                the
                number of shares of Common Stock to which the holder shall be entitled.
                The Corporation shall, as soon as practicable after delivery of stock
                certificates, or such agreement and indemnification in the case of
                a lost,
                stolen or destroyed certificate, issue and deliver to such holder
                of
                Series A Preferred a certificate or certificates for the number of
                shares
                of Common Stock to which such holder is entitled as aforesaid and
                a check
                payable as the result of a conversion into fractional shares of Common
                Stock. Such conversion shall be deemed to have been made immediately
                prior
                to the close of business on the date of such surrender of the shares
                of
                Series A Preferred to be converted.

            

    

     

    
      
         

      

      
        -
          1
          -

        
          

        

      

      
         

      

    

     

    
      	
              (c)

            	
              Adjustments
                to Conversion Ratio. The number of shares of Common Stock into which
                each share of the Series A Preferred is convertible, and the number
                of
                votes to which the holder of a share of the Series A Preferred is
                entitled
                pursuant to Section 4, shall be subject to adjustment from time to
                time as
                follows:

            

    

    

    (1)           Dividends
      and Distributions. In case the Company shall at any time or
      from time to time declare a non-cash dividend, or make a distribution, on the
      outstanding shares of Common Stock in shares of Common Stock or subdivide or
      reclassify the outstanding shares of Common Stock into a larger number of shares
      or combine or reclassify the outstanding shares of Common Stock into a smaller
      number of shares of Common Stock, then, and in each such case:

    

    
      	
               

            	
              (i)

            	
              the
                number of shares of Common Stock into which each share of Series
                A
                Preferred is convertible shall be adjusted so that the holder of
                each
                share thereof shall be entitled to receive, upon the conversion thereof,
                the number of shares of Common Stock which the holder of a share
                of Series
                A Preferred would have been entitled to receive after the happening
                of any
                of the events described above had such share been converted immediately
                prior to the happening of such event or the record date therefor,
                whichever is earlier;

            

    

    

    
      	
               

            	
              (ii)

            	
              the
                number of votes to which a holder of a share of Series A Preferred
                is
                entitled pursuant to Section 5 shall be adjusted so that, after the
                happening of any of the events described above, such holder shall
                be
                entitled to a number of votes equal to (I) the number of votes to
                which
                such holder was entitled pursuant to Section 5 immediately
                prior to such happening multiplied by (II)
                a
                fraction, the numerator of which is the number of shares of Common
                Stock
                into which one share of Series A Preferred was convertible immediately
                after such happening and the denominator of which is
                the
                number of shares of Common Stock into which one share of Series A
                Preferred was convertible immediately prior to such happening;
                and

            

    

    

    
      	
               

            	
              (iii)

            	
              an
                adjustment made pursuant to this clause (i) shall become effective
                (I) in
                the case of any such dividend or distribution, (1) immediately after
                the
                close of business on the record date for the determination of holders
                of
                shares of Common Stock entitled to receive such dividend or distribution,
                for purposes of subclause (A), and (2) immediately after the close
                of
                business on the date of payment of such dividend or distribution,
                for
                purposes of subclause (B), or (II) in the case of any such subdivision,
                reclassification or combination, at the close of business on the
                day upon
                which such corporate action becomes effective, for purposes of both
                subclause (A) and subclause (B).

            

    

    

    
      	
               

            	
              (2)

            	
              Merger
                or Reorganization. In case at any time the Company shall be a party to
                any transaction (including, without limitation, a merger, consolidation,
                sale of all or substantially all of the Company's assets, liquidation
                or
                recapitalization of the Common Stock and excluding any transaction
                to
                which clause (i) or (ii) of this paragraph (a) applies) in which
                the
                previously outstanding Common Stock shall be changed into or, pursuant
                to
                the operation of law or the terms of the transaction to which the
                Company
                is a party, exchanged for different securities of the Company or
                common
                stock or other securities of another corporation or interests in
                a
                noncorporate entity or other property (including cash) or any combination
                of any of the foregoing, then, as a condition of the consummation
                of such
                transaction, lawful and adequate provision shall be made so that
                each
                holder of shares of Series A Preferred Stock shall be entitled, upon
                conversion, to an amount per share equal to (A) the aggregate amount
                of
                stock, securities. cash and/or any other property (payable in kind),
                as
                the case may be, into which or for which each share of Common Stock
                is
                changed or exchanged times (B) the number of shares of Common Stock
                into
                which a share of Series A Preferred is convertible immediately prior
                to
                the consummation of such
                transaction.

            

    

     

     

    
      
         

      

      
        -
          2
          -

        
          

        

      

      
         

      

    

     

    
      	
              (d)

            	
              No
                Impairment. The Corporation will not, by amendment of its Articles of
                Incorporation, amendment of this Certificate of Designation or through
                any
                reorganization, transfer of assets, consolidation, merger, dissolution,
                issue or sale of securities or any other voluntary action, avoid
                or seek
                to avoid the observance or performance of any of the terms to be
                observed
                or performed hereunder by the Corporation, but will at all times
                in good
                faith assist in the carrying out of all provisions of this Section
                3 and
                in the taking of all such action as may be necessary or appropriate
                in
                order to protect the Conversion Rights of the holders of the Series
                A
                Preferred against impairment.

            

    

    

    
      	
              (e)

            	
              Certificate
                as to Adjustments. Upon the occurrence of each adjustment or
                readjustment of the Conversion Ratio of the Series A preferred pursuant
                to
                this Section 3, the Corporation at its expense shall promptly compute
                such
                adjustment or readjustment in accordance with the terms hereof and
                furnish
                to each holder of Series A Preferred a certificate setting forth
                the
                adjustment or readjustment and the calculation on which such adjustment
                or
                readjustment is based. The Corporation shall, upon the written request
                at
                any time of any holder of Series A Preferred, furnish or cause to
                be
                furnished to such holder a like certificate setting forth (i) such
                adjustments and readjustments, (ii) the Conversion Ratio for the
                Series A
                Preferred at the time in effect and (iii) the number of shares of
                Common
                Stock and the amount, if any, of other property which at the time
                would be
                received upon the conversion of the Series A
                Preferred.

            

    

    

    
      	
              (f)

            	
              Notices
                of Record Date.  In the event of any taking by the
                Corporation of a record of the holders of any class of securities
                for the
                purpose of determining the holders thereof who are entitled to receive
                any
                dividend (other than the special cash distribution referred to in
                Section
                2 hereof or a cash dividend which is the same as the cash dividends
                paid
                in the previous quarter) or other distribution, the Corporation shall
                mail
                to each holder of Series A Preferred at least ten (10) days prior
                to the
                date specified herein, a notice specifying the date on which any
                such
                record is to be taken for the purpose of such dividend or
                distribution.

            

    

    

    
      	
              (g)

            	
              Common
                Stock Reserved.  Commencing on the Conversion Date, the
                Corporation shall reserve and keep available out of its authorized
                but
                unissued Common Stock such number of shares of Common Stock as shall
                from
                time to time be sufficient to effect conversion of the Series A Preferred.
                If, on the Conversion Date, the number of authorized shares of Common
                Stock remaining unissued shall not be sufficient to permit the conversion
                at such time of all then outstanding shares of the Series A Preferred,
                the
                Company shall use commercially reasonable efforts to increase the
                number
                of authorized shares of the Company’s Common Stock as necessary to permit
                the conversion of all then outstanding shares of Series A Preferred
                Stock
                and shall diligently pursue the completion of such
                process.

            

    

    

    
      	
              (h)

            	
              Waiver
                of Adjustment. Notwithstanding anything to the contrary set forth
                herein, the operation of, and any adjustment in the number of shares
                of
                Common Stock issuable upon conversion of the Series A Preferred pursuant
                to this Section 3, may be waived with respect to any specific share
                or
                shares of Series A Preferred, either prospectively or retroactively
                and
                either generally or in a particular instance, by a writing executed
                by the
                registered holder of such share or shares of Series A Preferred.
                Any such
                waiver shall bind all future holders of such share or shares of Series
                A
                Preferred for which such rights have been
                waived.

            

    

    

    4.           Voting
      Rights. In addition to any voting rights provided by law each outstanding
      share of Series A Preferred shall be entitled to 4.753 votes per share. The
      shares of Series A Preferred and the shares of Common Stock shall vote together
      as one class on all matters submitted to a vote of common stockholders of the
      Company.

    

    5.           Liquidation
      Preference. In the event of any liquidation, dissolution or winding up of
      the Corporation, whether voluntary or involuntary (a “Liquidation”), the assets
      of the Corporation available for distribution to its stockholders shall be
      distributed pro rata to the holders of the Preferred Stock and Common Stock
      (in
      case of the Preferred Stock, on an “as converted basis” into Common Stock) and
      the Preferred Stock shall not be entitled to any preference upon
      liquidation.

    
 

    
      
         

      

      
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          3
          -

        
          

        

      

      
         

      

    

     

     

     

    6.           Reissuance.
      No Share or shares of Series A Preferred acquired by the Corporation by reason
      of conversion or otherwise shall be reissued as Series A Preferred, and all
      such
      shares thereafter shall be returned to the status of undesignated and unissued
      shares of Preferred Stock of the Corporation.

     

     

    
 

    IN
      WITNESS WHEREOF, Patriot Investment Corporation, through its designated officer
      has caused this Certificate to be duly executed in its corporate name as of
      June
      18, 2007.

    

    

    
      	 	
              Patriot
                Investment Corporation

            
	 	
              A
                Nevada Corporation

            
	 	 
	
              By:

            	
              /s/
                Bradley Shepherd

            
	 	
              Bradley
                Shepherd, President

            

    

    

     

     

    
 

    
      
         

      

      
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