Document:

Unassociated Document

    EXHIBIT
      4.4

    SPECIMEN
      WARRANT CERTIFICATE

    

    
      	
              NUMBER

            	
               

            	
              WARRANTS
                

            
	
              __________-

            	
               

            	 

    

     (SEE
      REVERSE SIDE FOR LEGEND)

    (THIS
      WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO 5:00 P.M.

    NEW
      YORK
      CITY TIME, __________, 2012

     

    CHINA
      FUNDAMENTAL ACQUISITION CORP.

     

    
      	
               

            	
               

            	
              CUSIP
                G2156W 209

            

    

     WARRANT

     

    THIS
      CERTIFIES THAT, for value received

     

    is
      the
      registered holder of a Warrant or Warrants expiring ________, 2013 (the
“Warrant”) to purchase one fully paid and non-assessable ordinary share, par
      value $.001 per share (“Shares”), of CHINA FUNDAMENTAL ACQUISITION CORP., a
      Cayman Islands corporation (the “Company”), for each Warrant evidenced by this
      Warrant Certificate. The Warrant entitles the holder thereof to purchase from
      the Company, commencing on the later of (i) the Company’s completion of a
      business combination with one or more target businesses or (ii) one (1) year
      from the date of the prospectus covering the Warrants, such number of Shares
      of
      the Company at the price of $6.00 per share, upon surrender of this Warrant
      Certificate and payment of the Warrant Price in cash or on a net-share basis
      at
      the office or agency of the Warrant Agent, Continental Stock Transfer &
Trust Company (such payment to be made by check made payable to the Warrant
      Agent), but only subject to the conditions set forth herein and in the Warrant
      Agreement between the Company and Continental Stock Transfer & Trust Company
      dated ______, 2008. The Company shall not be obligated to deliver any securities
      pursuant to the exercise of a Warrant and shall have no obligation to settle
      a
      Warrant exercise unless the exercise of the Warrants is exempt from the
      registration requirements of the Securities Act of 1933, as amended (the “Act”)
      and such securities are qualified for sale or exempt from qualification under
      applicable securities laws of the states or other jurisdictions in which the
      Registered Holder resides. In the event that a registration statement with
      respect to the Shares underlying a Warrant is not effective under the Act,
      the
      holder of such Warrant shall not be entitled to exercise such Warrant and such
      Warrant may have no value and expire worthless. In no event will the Company
      be
      required to net cash settle this warrant. The Warrant Agreement provides that
      upon the occurrence of certain events the Warrant Price and the number of
      Warrant Shares purchasable hereunder, set forth on the face hereof, may, subject
      to certain conditions, be adjusted. The term Warrant Price as used in this
      Warrant Certificate refers to the price per Share at which Shares may be
      purchased at the time the Warrant is exercised.

     

    THIS
      WARRANT MAY NOT BE TRANSFERRED BY THE HOLDER HEREOF PRIOR TO THE COMPANY
      ENTERING INTO A BUSINESS COMBINATION, EXCEPT FOR TRANSFERS TO PERMITTED
      TRANSFEREES, AS DEFINED IN THE ESCROW AGREEMENT DATED AS OF ___________,
      2008.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    No
      fraction of a Share will be issued upon any exercise of a Warrant. If, upon
      exercise of a Warrant, a holder would be entitled to receive a fractional
      interest in a Share, the Company will, upon exercise, round up to the nearest
      whole number the number of Shares to be issued to the warrant
      holder.

    

    Upon
      any
      exercise of the Warrant for less than the total number of full Shares provided
      for herein, there shall be issued to the registered holder hereof or his
      assignee a new Warrant Certificate covering the number of Shares for which
      the
      Warrant has not been exercised.

     

    Warrant
      Certificates, when surrendered at the office or agency of the Warrant Agent
      by
      the registered holder hereof in person or by attorney duly authorized in
      writing, may be exchanged in the manner and subject to the limitations provided
      in the Warrant Agreement, but without payment of any service charge, for another
      Warrant Certificate or Warrant Certificates of like tenor and evidencing in
      the
      aggregate a like number of Warrants.

     

    Upon
      due
      presentment for registration of transfer of the Warrant Certificate at the
      office or agency of the Warrant Agent, a new Warrant Certificate or Warrant
      Certificates of like tenor and evidencing in the aggregate a like number of
      Warrants shall be issued to the transferee in exchange for this Warrant
      Certificate, subject to the limitations provided in the Warrant Agreement,
      without charge except for any applicable tax or other governmental
      charge.

     

    The
      Company and the Warrant Agent may deem and treat the registered holder as the
      absolute owner of this Warrant Certificate (notwithstanding any notation of
      ownership or other writing hereon made by anyone), for the purpose of any
      exercise hereof, of any distribution to the registered holder, and for all
      other
      purposes, and neither the Company nor the Warrant Agent shall be affected by
      any
      notice to the contrary.

     

    This
      Warrant does not entitle the registered holder to any of the rights of a
      stockholder of the Company.

     

    
      	
              By

            	
               

            	
               

            	 	
               

            
	
               

            	
               

            	
              Secretary

            	
               

            	
              Chief
                Executive Officer

            

    

     

    SUBSCRIPTION
      FORM

    To
      Be
      Executed by the Registered Holder in Order to Exercise Warrants

     

    The
      undersigned Registered Holder irrevocably elects to exercise ______________
      Warrants represented by this Warrant Certificate, and to purchase the ordinary
      shares issuable upon the exercise of such Warrants, and requests that
      Certificates for such shares shall be issued in the name of

    
      	
               

            
	
              (PLEASE
                TYPE OR PRINT NAME AND ADDRESS)

            
	
               

            
	
               

            
	
               

            
	
              (SOCIAL
                SECURITY OR TAX IDENTIFICATION
                NUMBER)

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
              and
                be delivered to

            	
               

            	
               

            
	
               

            	
               

            	
              (PLEASE
                PRINT OR TYPE NAME AND ADDRESS)

            
	 

    

    and,
      if
      such number of Warrants shall not be all the Warrants evidenced by this Warrant
      Certificate, that a new Warrant Certificate for the balance of such Warrants
      be
      registered in the name of, and delivered to, the Registered Holder at the
      address stated below:

     

    
      	
              Dated:

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
              (SIGNATURE)

            
	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
              (ADDRESS)

            
	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
              (TAX
                IDENTIFICATION NUMBER)

            

    

     

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

    To
      Be
      Executed by the Registered Holder in Order to Assign Warrants

     

    For
      Value
      Received, ______________________ hereby sell, assign, and transfer
      unto

     

    
      	
               

            
	
              (PLEASE
                TYPE OR PRINT NAME AND ADDRESS)

            
	
               

            
	
               

            
	
               

            
	
              (SOCIAL
                SECURITY OR TAX IDENTIFICATION
                NUMBER)

            

    

     

    
      	
              and
                be delivered to

            	
               

            	
               

            
	
               

            	
               

            	
              (PLEASE
                PRINT OR TYPE NAME AND ADDRESS)

            

    

     

    
      	
               

            	
               

            	
              of
                the Warrants represented by this Warrant Certificate, and
                hereby

            

    

    

    
      	
              irrevocably
                constitute and appoint 

            	
               

            	
               

            
	
              Attorney
                to transfer this Warrant Certificate on the books of the Company,
                with
                full power of substitution in the
                premises.

            

    

     

    
      	
              Dated:

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
              (SIGNATURE)

            

    

     

    THE
      SIGNATURE TO THE ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE
      NAME
      WRITTEN UPON THE FACE OF THIS WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT
      ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED
      BY AN
      ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN
      ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
      GUARANTEE MEDALLION PROGRAM, PURSUANT TO SEC RULE 17Ad-15.)

    

    
      
        
        

      

      
        4Unassociated Document

    EXHIBIT
      4.5

     

     

    WARRANT
      AGREEMENT

     

    This
      Warrant Agreement, dated as
      of                   ,
      2008 (the “Agreement”) by and between China Fundamental Acquisition
      Corporation., a corporation organized under the laws of the Cayman Islands
      (the
“Company”), with offices at Room 2301, World-Wide House, 19 Des Voeux Road,
      Central, Hong Kong, and Continental Stock Transfer & Trust Company, a New
      York corporation (the “Warrant Agent”), with offices at 17 Battery Place, New
      York, New York 10004.

     

    WHEREAS,
      the Company is engaged in a public offering (the “Public Offering”) of 3,750,000
      Units (“Units”) of the Company, each Unit consisting of one ordinary Share, par
      value $0.001 per share (the “Ordinary Share”) and one warrant to purchase one
      Ordinary Share (the “Warrant”) and, in connection therewith, has determined to
      issue and deliver up to 3,750,000 Warrants (the “Public Warrants”) to the public
      investors;

    

    WHEREAS,
      in connection with the Company’s formation, the Company has issued 1,078,125
      Ordinary Shares and 1,078,125 Warrants to certain initial shareholders (the
      “Existing Shareholder Warrants”); 

     

    WHEREAS,
      the Company has heretofore engaged in a private offering (the “Private
      Offering”) of 1,944,444 warrants (the “Private Placement Warrants”) of the
      Company to various investors;

     

    WHEREAS,
      in connection with the Public Offering, the Company has determined to sell
      and
      deliver to Chardan Capital Markets, LLC (“Chardan”) and Maxim Group LLC, as
      underwriters (the “Underwriters”), options to purchase in the
      aggregate 225,000 Units of the Company, which Units contain 225,000
      Warrants (the “Underwriter Warrants”); 

     

    WHEREAS,
      the Company has filed with the Securities and Exchange Commission (the “SEC”) a
      Registration Statement, No.
      333-                   
on Form F-1 for the registration, under the Securities Act of 1933, as amended
      (the “Act”) of, among other securities, the Public Warrants and the Ordinary
      Shares issuable upon exercise of the Public Warrants and the Underwriter
      Warrants and the Ordinary Shares issuable upon exercise of the Underwriter
      Warrants; 

     

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

     

    WHEREAS,
      the Company desires to provide for the form and provisions of the Warrants,
      the
      terms upon which they shall be issued and exercised, and the respective rights,
      limitation of rights, and immunities of the Company, the Warrant Agent, and
      the
      holders of the Public Warrants, the Existing Shareholder Warrants, the Private
      Placement Warrants and the Underwriter Warrants (each, the “Warrant”;
      collectively, the “Warrants”); and

     

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

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    2.    Warrants.

     

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

     

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

     

    2.3 Registration.

     

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

     

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

     

    2.4 Detachability
      of Public Warrants.
      The
      Public Warrants and Ordinary Shares comprising the Units will begin separate
      trading on the 90th
      day
      after the date hereof unless Chardan informs the Company of its decision to
      allow earlier trading, subject to the Company’s having filed the Current Report
      on Form 6-K and having issued a press release announcing when such separate
      trading will begin, but in no event will Chardan allow separate trading of
      the
      Public Warrants and Ordinary Shares comprising the Units until the Company
      files
      with the SEC a Current Report on Form 6-K which includes an audited balance
      sheet reflecting the receipt by the Company of the gross proceeds of the Public
      Offering including the proceeds received by the Company from the exercise of
      the
      Underwriters’ Over-allotment Option, if the over-allotment option is exercised
      prior to the filing of the Form 6-K.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2.5 Private
      Placement Warrants.
      The
      Private Placement Warrants may not be transferred until the consummation of
      the
      Business Combination (as defined in the Registration Statement). 

     

    3.    Terms
      and Exercise of Warrants

     

    3.1 Warrant
      Price.
      Each
      Warrant shall, when countersigned by the Warrant Agent, entitle the registered
      holder thereof, subject to the provisions of such Warrant and of this Warrant
      Agreement, to purchase from the Company the number of Ordinary Shares, at the
      price of $5.00 per Ordinary Share, subject to the adjustments provided in
      Section 4 hereof and in the last sentence of this Section 3.1. The term “Warrant
      Price” as used in this Warrant Agreement refers to the price per share at which
      Ordinary Shares may be purchased at the time a Warrant is exercised. The Company
      in its sole discretion may lower the Warrant Price at any time prior to the
      Expiration Date; provided, that any such reduction shall be identical in
      percentage terms among all of the Warrants.

     

    3.2 Duration
      of Warrants.
      A
      Warrant may be exercised only during the period (“Exercise Period”) commencing
      on the later of (a) the consummation by the Company of a stock exchange, asset
      acquisition or other similar business combination (“Business Combination”) (as
      described more fully in the Company’s Registration Statement), or (b)
      _____________, 2009, and terminating at 5:00 p.m., New York City time on the
      earlier to occur of (i) ____________, 2012 or (ii) the date fixed for redemption
      of the Warrants as provided in Section 6 of this Agreement (“Expiration Date”).
      Except with respect to the right to receive the Redemption Price (as set forth
      in Section 6 hereunder), each Warrant not exercised on or before the Expiration
      Date shall become void, and all rights thereunder and all rights in respect
      thereof under this Agreement shall cease at the close of business on the
      Expiration Date. The Company in its sole discretion may extend the duration
      of
      the Warrants by delaying the Expiration Date; provided, however, that the
      Company will provide notice to Registered Holders of the Warrants of such
      extension of not less than 20 days.

     

    3.3 Exercise
      of Warrants.

     

    3.3.1 Payment.
      Subject
      to the provisions of the Warrant and this Warrant Agreement, a Warrant, when
      countersigned by the Warrant Agent, may be exercised by the registered holder
      thereof by surrendering it, at the office of the Warrant Agent, or at the office
      of its successor as Warrant Agent, in the Borough of Manhattan, City and State
      of New York, with the subscription form, as set forth in the Warrant, duly
      executed, and by paying in full, in lawful money of the United States, in cash,
      good certified check or good bank draft payable to the order of the Company
      (or
      as otherwise agreed to by the Company), the Warrant Price for each full Ordinary
      Share as to which the Warrant is exercised and any and all applicable taxes
      due
      in connection with the exercise of the Warrant, the exchange of the Warrant
      for
      the Ordinary Share, and the issuance of the Ordinary Share.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    3.3.2 Issuance
      of Certificates.
      As soon
      as practicable after the exercise of any Warrant and the clearance of the funds
      in payment of the Warrant Price, the Company shall issue to the registered
      holder of such Warrant a certificate or certificates for the number of full
      Ordinary Shares to which he is entitled, registered in such name or names as
      may
      be directed by him, her or it, and if such Warrant shall not have been exercised
      in full, a new countersigned Warrant for the number of shares as to which such
      Warrant shall not have been exercised. Subject to Section 7.4 and
      notwithstanding the foregoing, the Company shall not be obligated to deliver
      any
      securities pursuant to the exercise of a Warrant unless (a) a registration
      statement under the Act with respect to the Ordinary Shares issuable upon
      exercise of such Warrants is effective and a current prospectus relating to
      the
      Ordinary Shares issuable upon exercise of the Warrants is available for delivery
      to the Warrant holders or (b) in the opinion of counsel to the Company, the
      exercise of the Warrants is exempt from the registration requirements of the
      Act
      and such securities are qualified for sale or exempt from qualification under
      applicable securities laws of the states or other jurisdictions in which the
      Registered Holder resides. Warrants may not be exercised by, or securities
      issued to, any Registered Holder in any state in which such exercise or issuance
      would be unlawful. In the event a registration statement under the Act with
      respect to the Ordinary Shares underlying the Warrants is not effective or
      a
      prospectus is not available, or because such exercise would be unlawful with
      respect to a Registered Holder in
      any
      state, the Registered Holder shall not be entitled to exercise such Warrants
      and
      such Warrants may have no value and expire worthless. In no event will the
      Company be obligated to pay such Registered Holder any cash consideration upon
      exercise (unless pursuant to Section 4.5) or otherwise “net cash settle” the
      Warrant. In the event that a Registration Statement is not effective for the
      exercised Warrants, the purchaser of a Unit containing such Warrants, will
      have
      paid the full purchase price for the Unit solely for the Ordinary Shares
      included in such Unit.

     

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

     

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

     

    4.    Adjustments.

     

    4.1 Stock
      Dividends - Split-Ups.
      If
      after the date hereof, and subject to the provisions of Section 4.6 below,
      the
      number of outstanding Ordinary Shares is increased by a stock dividend payable
      in Ordinary Shares, or by a split-up of Ordinary Shares, or other similar event,
      then, on the effective date of such stock dividend, split-up or similar event,
      the number of Ordinary Shares issuable on exercise of each Warrant shall be
      increased in proportion to such increase in outstanding Ordinary
      Shares.

     

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

     

    4.3 Adjustments
      in Exercise Price.
      Whenever the number of Ordinary Shares purchasable upon the exercise of the
      Warrants is adjusted, as provided in Section 4.1 and 4.2 above, the Warrant
      Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price
      immediately prior to such adjustment by a fraction (x) the numerator of
      which shall be the number of Ordinary Shares purchasable upon the exercise
      of
      the Warrants immediately prior to such adjustment, and (y) the denominator
      of
      which shall be the number of Ordinary Shares so purchasable immediately
      thereafter.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    4.4 Extraordinary
      Dividends.
      If the
      Company, at any time during the Exercise Period, shall pay a dividend in cash,
      securities or other assets to the holders of Ordinary Shares (or other shares
      of
      the Company’s capital stock into which the Warrants are convertible), other than
      (w) as described in Sections 4.1, 4.2 or 4.5, (x) regular quarterly or other
      periodic dividends, (y) in connection with the conversion rights of the holders
      of Ordinary Shares upon consummation of the Company’s Initial Business
      Combination (as such term is used in the Company’s Amended and Restated
      Certificate of Incorporation) or (z) in connection with the Company’s
      liquidation and the distribution of its assets upon its failure to consummate
      a
      Business Combination (any such non-excluded event being referred to herein
      as an
“Extraordinary Dividend”), then the Warrant Price shall be decreased, effective
      immediately after the effective date of such Extraordinary Dividend, by the
      amount of cash and/or the fair market value (as determined by the Company’s
      Board of Directors, in good faith) of any securities or other assets paid on
      each Ordinary Share in respect of such Extraordinary Dividend.

     

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

     

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

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

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

     

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

    

    4.9 Notice
      of Certain Transactions.
      In the
      event that the Company shall propose to (a) offer the holders of its Ordinary
      Shares rights to subscribe for or to purchase any securities convertible into
      Ordinary Shares or shares of stock of any class or any other securities, rights
      or options, (b) issue any rights, options or warrants entitling the holders
      of
      Ordinary Shares to subscribe for Ordinary Shares or (c) make a tender offer,
      redemption offer or exchange offer with respect to the Ordinary Shares, the
      Company shall send to the Warrant holders a notice of such proposed action
      or
      offer. Such notice shall be mailed to the Registered Holders at their addresses
      as they appear in the Warrant Register, which shall specify the record date
      for
      the purposes of such dividend, distribution or rights, or the date such issuance
      or event is to take place and the date of participation therein by the holders
      of Ordinary Shares, if any such date is to be fixed, and shall briefly indicate
      the effect of such action on the Ordinary Shares and on the number and kind
      of
      any other shares of stock and on other property, if any, and the number of
      Ordinary Shares and other property, if any, issuable upon exercise of each
      Warrant and the Warrant Price after giving effect to any adjustment pursuant
      to
      this Article 4 which would be required as a result of such action. Such notice
      shall be given as promptly as practicable after the Board has determined to
      take
      any such action and (x) in the case of any action covered by clause (a) or
      (b)
      above at least 10 days prior to the record date for determining the holders
      of
      the Ordinary Shares for purposes of such action or (y) in the case of any other
      such action at least 20 days prior to the date of the taking of such proposed
      action or the date of participation therein by the holders of Ordinary Shares,
      whichever shall be the earlier.

    

    4.10 Other
      Events.
      If any
      event occurs as to which the foregoing provisions of this Article 4 are not
      strictly applicable or, if strictly applicable, would not, in the good faith
      judgment of the Company's board of directors (the "Board"), fairly and
      adequately protect the purchase rights of the registered holders of the Warrants
      in accordance with the essential intent and principles of such provisions,
      then
      the Board shall make such adjustments in the application of such provisions,
      in
      accordance with such essential intent and principles, as shall be reasonably
      necessary, in the good faith opinion of the Board, to protect such purchase
      rights as aforesaid.

    

    5.    Transfer
      and Exchange of Warrants.

     

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

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

    

    5.6 Placement
      Warrants.
      Notwithstanding anything herein to the contrary, the Warrant Agent shall not
      register for transfer any Placement Warrants until after the Initial Business
      Combination, except for transfers (a) to an entity’s beneficiaries upon its
      liquidation, (b) to relatives and trusts for estate planning purposes, (c)
      pursuant to the laws of descent and distribution upon death, (d) pursuant to
      a
      qualified domestic relations order, (e) to officers, directors and employees
      of
      the Company and persons affiliated with the Company’s founders or (f) by private
      sales with respect to up to 33% of the Ordinary Shares held by the holders
      of
      the Placement Warrants made at or prior to the consummation of a Business
      Combination at prices no greater than the price at which the shares were
      originally purchased; provided, however, that the permissive transfers set
      forth
      above may be implemented only upon the respective transferee’s written agreement
      with the Company to be bound by the terms and conditions of such transfer
      restrictions.

     

    6.    Redemption.

     

    6.1 Redemption.
      Subject
      to Section 6.4 hereof, not less than all of the outstanding Warrants may be
      redeemed, at the option of the Company, at any time after they become
      exercisable and there is an effective Registration Statement covering the
      Ordinary Shares issuable upon exercise of the Warrants current and available
      and
      prior to their expiration, at the office of the Warrant Agent, upon the notice
      referred to in Section 6.2., at the price of $.01 per Warrant (“Redemption
      Price”), provided that the last sales price of the Ordinary Shares has been at
      least $10.00 per share, on each of twenty (20) trading days within any thirty
      (30) trading day period ending on the third business day prior to the date
      on
      which notice of redemption is given. No Placement Warrants shall be redeemable
      so long as such Placement Warrant is held in the name of the original person
      or
      entity to which the Company issued such Placement Warrant. Notwithstanding
      anything to the contrary contained herein, the Company shall not call the
      Warrants for redemption unless there is an effective registration statement
      under the Act relating to the Ordinary Shares issuable upon exercise of the
      Warrants current and available throughout the “30-day redemption period” and a
      prospectus is available.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    6.2 Date
      Fixed for, and Notice of, Redemption.
      In the
      event the Company shall elect to redeem all of the Warrants, the Company shall
      fix a date for the redemption. Notice of redemption shall be mailed by first
      class mail, postage prepaid, by the Company not less than 30 days prior to
      the
      date fixed for redemption to the registered holders of the Warrants to be
      redeemed at their last addresses as they shall appear on the registration books.
      Any notice mailed in the manner herein provided shall be conclusively presumed
      to have been duly given whether or not the registered holder received such
      notice.

     

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

     

    6.4 Outstanding
      Warrants Only.
      The
      Company understands that the redemption rights provided for by this Section
      6
      apply only to outstanding Warrants. To the extent a person holds rights to
      purchase Warrants, such purchase rights shall not be extinguished by redemption.
      However, once such purchase rights are exercised, the Company may redeem the
      Warrants issued upon such exercise provided that the criteria for redemption
      is
      met. The provisions of this Section 6.4 may not be modified, amended or deleted
      without the prior written consent of Chardan.

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    7.4 Registration
      of Ordinary Shares.
      The
      Company agrees that prior to the commencement of the Exercise Period, it shall
      file with the Securities and Exchange Commission a post-effective amendment
      to
      the Registration Statement, or a new registration statement, for the
      registration, under the Act of the Ordinary Shares issuable upon exercise of
      the
      Warrants, and it shall take such action as is necessary to qualify for sale,
      in
      those states in which the Warrants were initially offered by the Company, the
      Ordinary Shares issuable upon exercise of the Warrants. In either case, the
      Company will use its best efforts to cause the same to become effective and
      to
      maintain the effectiveness of such registration statement until the expiration
      of the Warrants in accordance with the provisions of this Agreement. The
      Warrants shall not be exercisable and the Company shall not be obligated to
      issue Ordinary Shares unless, at the time a holder seeks to exercise warrants,
      a
      prospectus related to the Ordinary Shares issuable upon exercise of the Warrants
      is current and the Ordinary Shares has been registered or qualified or deemed
      to
      be exempt under the laws of the state of residence of the holder of the
      Warrants. In addition, the Company agrees to use its reasonable efforts to
      register such securities under the blue sky laws of the states of residence
      of
      exercising warrant holders, if permitted by the blue sky laws of such
      jurisdictions, in the event that an exemption is not available. In no event
      will
      the Registered Holder of a Warrant be entitled to receive a net-cash settlement
      in lieu of physical settlement in Ordinary Shares, regardless of whether the
      Company complies with this Section 7.4. The provisions of this Section 7.4
      may
      not be modified, amended or deleted without the prior written consent of
      Chardan.

     

    8.    Concerning
      the Warrant Agent and Other Matters.

     

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

     

    8.2
      Resignation
      or Consolidation of Warrant Agent.

     

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

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    8.3 Fees
      and Expenses of Warrant Agent.

     

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

     

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

     

    8.4 Liability
      of Warrant Agent.

     

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

     

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

     

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

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

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

    

    8.6 Waiver.
      The
      Warrant Agent hereby waives any and all right, title, interest or claim of
      any
      kind (“Claim”) in or to any distribution of the Trust Account (as defined in
      that certain Investment Management Trust Agreement, dated as of the date hereof,
      by and between the Company and the Warrant Agent as trustee thereunder), and
      hereby agrees not to seek recourse, reimbursement, payment or satisfaction
      for
      any Claim against the Trust Account for any reason whatsoever.

     

    9.    Miscellaneous
      Provisions.

     

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

     

    9.2 Notices.
      Any
      notice, statement or demand authorized by this Warrant Agreement to be given
      or
      made by the Warrant Agent or by the holder of any Warrant to or on the Company
      shall be sufficiently given when so delivered if by hand or overnight delivery
      or if sent by certified mail or private courier service within five days after
      deposit of such notice, postage prepaid, addressed (until another address is
      filed in writing by the Company with the Warrant Agent), as
      follows:

     

    China
      Fundamental Acquisition Corporation

    Room
      2301, World-Wide House

    19
      Des
      Voeux Road

    Central,
      Hong Kong

    Attn:
      Chun Yi Hao, Chief Executive Officer

    Fax:
      852-2169-6390

     

    Any
      notice, statement or demand authorized by this Agreement to be given or made
      by
      the holder of any Warrant or by the Company to or on the Warrant Agent shall
      be
      sufficiently given when so delivered if by hand or overnight delivery or if
      sent
      by certified mail or private courier service within five days after deposit
      of
      such notice, postage prepaid, addressed (until another address is filed in
      writing by the Warrant Agent with the Company), as follows:

     

    Continental
      Stock Transfer & Trust Company

    17
      Battery Place

    New
      York,
      New York 10004 

    Attn:
      Steven Nelson

    Fax:
      1-212-616-7620

     

    with
      a
      copy in each case to:

     

    Skadden,
      Arps, Slate, Meagher & Flom LLP

    Izumi
      Garden Tower 21st
      Floor

    1-6-1
      Roppongi

    Minato-ku,
      Tokyo 106-6021, Japan

    Attn:
      Robert G. Wray, Esq.

    Fax:
      81-3-3568-2626 

     

    Chardan
      Capital Markets, LLC

    17
      State
      Street, Suite 1600

    New
      York,
      New York 10019

    Attn:
      Kerry Propper

    Fax:
      1-646-465-9039

    

    and

    

    Loeb
      & Loeb LLP

    345
      Park
      Avenue 

    New
      York,
      New York 10154

    Attn:
      Mitchell S. Nussbaum, Esq. 

    Fax:
      1-212-407-4990 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

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

     

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

     

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

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

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

     

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

    

    9.8 Amendments.

    

    9.8.1 This
      Agreement and any Warrant certificate may be amended by the parties hereto
      by
      executing a supplemental warrant agreement (a “Supplemental Agreement”), without
      the consent of any of the Warrant holders, for the purpose of (i) curing any
      ambiguity, or curing, correcting or supplementing any defective provision
      contained herein, or making any other provisions with respect to matters or
      questions arising under this agreement that is not inconsistent with the
      provisions of this agreement or the Warrant certificates, (ii) evidencing the
      succession of another corporation to the Company and the assumption by any
      such
      successor of the covenants of the Company contained in this agreement and the
      Warrants, (iii) evidencing and providing for the acceptance of appointment
      by a
      successor Warrant Agent with respect to the Warrants, (iv) adding to the
      covenants of the Company for the benefit of the Holders or surrendering any
      right or power conferred upon the Company under this Agreement, or (viii)
      amending this agreement and the Warrants in any manner that the Company may
      deem
      to be necessary or desirable and that will not adversely affect the interests
      of
      the Warrant holders in any material respect.

    

    9.8.2 The
      Company and the Warrant Agent may amend this Warrant Agreement and the Warrants
      by executing a Supplemental Agreement with the consent of the Holders of not
      fewer than a majority of the unexercised Warrants affected by such amendment,
      for the purpose of adding any provisions to or changing in any manner or
      eliminating any of the provisions of this Agreement or of modifying in any
      manner the rights of the Holders under this Warrant Agreement; provided,
      however, that, without the consent of each of the Warrant holders affected
      thereby, no such amendment may be made that (i) changes the Warrants so as
      to
      reduce the number of Shares purchasable upon exercise of the Warrants or so
      as
      to increase the Exercise Price (other than as provided
      by Section 4), (ii) shortens the period of time during which the Warrants may
      be
      exercised, (iii) otherwise adversely affects the exercise rights of the Holders
      in any material respect, or (iv) reduces the number of unexercised Warrants
      the
      holders of which must consent for amendment of this agreement or the Warrants.
      Notwithstanding anything contained herein to the contrary, Section 9 may be
      amended only by the parties hereto with the consent of Chardan.

    

    9.8.3 The
      parties hereto acknowledge that Chardan shall be an intended third party
      beneficiary of this Section 9.8.

    

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

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

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

     

    
      	 	 	 
	 	
              CHINA
                FUNDAMENTAL ACQUISITION CORPORATION

            
	 
 	 
 	 
 
	 	By:  	 
	 	Name:	 
	 	Title:	 

    

     

    
      
        	 	 	 
	 	
                
                  Continental
                    Stock Transfer & Trust Company

                

              
	 
 	 
 	 
 
	 	By:  	 
	 	Name:	 
	 	Title:	 

      

    

    
 

    
      
        
        

      

      
        14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]