Document:

Business Development Solutions, Inc.: Exhibit 10.3 - Prepared by TNT
Filings Inc.

  

Exhibit 10.3

 
AMENDED AND RESTATED INTELLECTUAL PROPERTY ASSIGNMENT

AND LICENSE AGREEMENT

 

This Amended and Restated Intellectual Property Assignment and License Agreement (this “Agreement”) is entered into on this 1st day of August, 2009 by and among Suzhou EZTripMart Business Services Co., Ltd., a wholly foreign-owned enterprise established in the People’s Republic of China (“China” or “PRC) with its registered office at Suite 201, 1 Venture House, Modern Industrial Square Phase II, 333 Xing Pu Road, Suzhou Industrial Park, Suzhou, China (“EZT” or “Grantor”); and Shanghai EZTripMart Travel Agency Co., Ltd., a limited liability company incorporated in the PRC with its registered office at 13/F, 200 Taicang Road, Shanghai, China (“Company” or “Grantee”) (Each of EZT and Company is herein referred to as a “Party” and collective as the “Parties”).

 

RECITALS

 

1.

EZT engages, among other things, in the business of research and development of computer software and hardware technologies and the provision of related consulting services as well as the provision of management consulting services as set forth in more detail in its business license, and is the owner of the certain Trademarks (defined below).

 

2.

Company engages, among other things, in the business of travel products and services as set forth in more detail in its business license, including the operation of websites (the “Websites”) for providing travel products and services (the “Business”), and holds a travel agency license and a Value-Added Telecommunication Services License (collectively, “Licenses”).

 

3.

EZT wishes to assign or license (as the case may be) to Company certain Software, Trademarks and Domain Names to be used in Company’s operation of the Business in accordance with, and subject to, the terms and conditions hereof, and the Company desires to acquire such assignment or license from EZT.

 

NOW THEREFORE, in consideration of the covenants and agreements contained herein, the Parties hereby agree as follows:

 

1.

CERTAIN DEFINITIONS

 

The following capitalized terms shall have the following meanings for the purposes of this Agreement:

 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly owns a Controlling interest in, or exercises Control over, such Person, or in or over which such Person directly or indirectly owns a Controlling interest or exercises Control, or that is otherwise directly or indirectly under common ownership or Control with such Person.

 

“Agreement” has the meaning given to such term in the preamble.

 

“Assigned Marks” has the meaning given to such term in Section 2(a).

 

“Business” has the meaning given to such term in Recital 2.

 

“CIETAC” has the meaning given to such term in Section 7(b).

 

 

“Company” has the meaning given to such term in the preamble.
 

 

“Control” having the power to direct or appoint the management of a company and “Controlled” or “Controlling” shall have correlative meanings.

 

“Dispute” has the meaning given to such term in Section 7.

 

“Dispute Notice” has the meaning given to such term in Section 7(a).

 

“Domain Names” means the domain names specifically set forth in Schedule 3 hereto.

 

“Documentation” means the documentation for the Software supplied by EZT to assist Company in the use of such Software.

 

“Force Majeure” means any event that is beyond the Party’s reasonable control and cannot be prevented with reasonable care, including, but not limited to, acts of governments, acts of nature, fire, explosion, typhoon, flood, earthquake, lightning, war, epidemic, strikes or riot.  However, any shortage of credit, capital or finance shall not be regarded as an event of Force Majeure.

 

“Governmental Authority” means any domestic or foreign court or other governmental or regulatory authority, agency or other body with jurisdiction over any of the assets or properties of any of the Parties.

 

“Grantee” has the meaning given to such term in the preamble.

 

“Grantor” or “EZT” has the meaning given to such term in the preamble.

 

“IPRs” has the meaning given to such term in Section 5(a).

 

“Licenses” has the meaning given to such term in Recital 2.

 

“Licensed Marks” means those Trademarks other than the Assigned Marks.

 

“Losses” has the meaning given to such term in Section 6(a).

 

“Party” or “Parties” has the meaning given to such term in the preamble.

 

“Person” means an individual, corporation, joint venture, partnership, enterprise, trust, unincorporated association, limited liability company, government or any department or agency thereof, or any other entity.

 

“PRC” or “China” has the meaning given to such term in the preamble.  For the purpose of this Agreement, it shall not include the Hong Kong Special Administrative Region of the PRC, the Macau Special Administrative Region of the PRC and Taiwan.

 

“Software” means the executable code version of EZT’s software supporting the Websites, as more specifically set for in Schedule 1 hereto.

 

“Trademarks” means (a) all applications to register registrations and renewals of all trademarks, service marks, logos, designs and Chinese character equivalents; and (b) all unregistered brandnames, trademarks, service marks, certification marks, trade dress, logos, designs, assumed names, Chinese character equivalents for the aforesaid and other indications of origin, including domain names, which items (a) and (b) are owned or controlled by EZT or an Affiliate, and which are set forth on Schedule 2-1 hereto.

 

2

 

 

“Websites” has the meaning given to such term in Recital 2.

 

2.

ASSIGNMENT

 

(a)

Subject to the terms and conditions set forth in this Agreement and any applicable PRC law, Grantor hereby assigns to Grantee, without a grant fee, all applications to register, registrations and renewals of the Trademarks (including the Chinese character equivalents) as set forth on Schedule 2-2 and the Domain Names as set forth on Schedule 3 hereto (the “Assigned Marks”).  Within ten (10) days of the execution of this Agreement, the Parties shall jointly apply to the competent PRC authorities to obtain approval and registration of the assignment of the Assigned Marks from Grantor to Grantee.  Upon the termination of this Agreement, the Assigned Marks shall be reverted and assigned to Grantor without a grant fee.

 

(b)

Grantee hereby grants back to Grantor an exclusive (except as to Grantee), royalty-free, transferrable, irrevocable, worldwide license to use the Assigned Marks in Grantor’s business, with the right to sublicense, to the extent not contrary to applicable PRC laws and Grantee’s ownership of the Assigned Marks during the term of this Agreement, and shall apply to the relevant Governmental Authorities to obtain necessary approval, registration or recordal of such license (if applicable).

 

(c)

Grantee acknowledges that the registration of the Assigned Marks in the PRC is presently pending.  Grantee shall take commercially reasonable steps to secure protection of and enforce the Assigned Marks to the fullest extent, including, but not limited to, filing and prosecuting applications of Assigned Marks in respect of the relevant services and/or goods, maintaining the Assigned Marks by filing timely renewals, applying for recordal of Grantor as licensee of the Assigned Marks where necessary and taking all appropriate actions including legal proceedings against any infringement, passing-off or unauthorized use of the Assigned Marks in the PRC.  Grantee shall keep Grantor timely and fully advised of all actions undertaken pursuant to this clause.

 

3.

LICENSE

 

(a)

Subject to the terms and conditions set forth in this Agreement and any applicable PRC law, Grantor hereby grants to Grantee, for a monthly royalty of the greater of (i) 5% of revenue of Grantee or (ii) RMB10,000, payable within 15 days after the last day of  each calendar month, a non-exclusive, non-transferable, revocable, limited license to use in China (i) the Licensed Marks and (ii) the Software and Documentation solely for the purposes of carrying out the Business, which permitted use includes the right of Grantee to use the Licensed Mark in its registered business name or tradenames.

 

(b)

Conditions of Use.

 

(i)

Grantee shall cause the products and services related to the Business to be labeled, sold and offered under the Licensed Marks  and the Licensed Marks displayed and used in accordance with all applicable laws and regulations of the PRC and in accordance with Grantor’s policies and directions and shall otherwise conform to the same quality level heretofore maintained by Grantor and standard trademark indicia prescribed by Grantor or otherwise required by law such as use of the symbols ®, TM and SM.

 

3

 

 

(ii)

Grantee agrees that it (i) shall not use, offer or permit the use of the Licensed Marks in any manner that would tend to injure, demean or dilute the reputation or the value of Grantor or Grantor’s brand, any shareholders or the Affiliates of Grantor, or the Licensed Marks and the goodwill associated therewith; (ii) shall not act in a manner which is, or enter into any oral or written agreement with terms which are, not in compliance with the requirements of this Agreement or the legal requirements of any territory in which Grantee is licensed hereby to use the Licensed Marks; and (iii) shall not adopt or use any variation of the Licensed Marks or any mark or word in any language likely to be similar or confusingly similar to the Licensed Marks.
 

 

(iii)

Grantee shall not modify, disassemble, reverse compile, or otherwise reverse engineer any Software. Grantee shall not translate or make derivative work of any Software or Documentation without Grantor’s prior written consent.  Any and all derivative works shall be owned exclusively by Grantor and subject to the terms and conditions of this Agreement.  Grantee may not copy the Software, except for (i) such copies or portions thereof as may be generated as part of the normal operation of such Software, (ii) archival copies of such Software as may be reasonably necessary to support Grantee’s use thereof, and (iii) for disaster recovery purposes.  Grantee may make copies of the Documentation as Grantee reasonably determines to be necessary to support Grantee’s service providers and customers who access the Software.  Grantee may not otherwise copy or reproduce any of the Documentation.  Any such copy of the Software and the Documentation shall be the property of Grantor and subject to the terms and conditions of this Agreement.

 

(c)

Assignment and Transfer.  Unless express prior written consent is given to such assignment by Grantor (which consent may be withheld by Grantor in its sole discretion), Grantee’s rights and obligations set forth in this Agreement pertaining to the Licensed Marks, Software and Documentation may not be assigned or further sublicensed to any Person by Grantee, whether by operation of law or otherwise, and any assignment or sublicense made or granted contrary to this provision shall be void ab initio.  For purposes of this Section 3(c), a transfer of any direct or indirect ownership interest in Grantee shall be deemed a prohibited assignment.  Grantor retains, and shall have, the right to assign its interest in the Licensed Marks, Software and Documentation as it determines in its sole discretion.

 

4.

TERMS AND TERMINATION

 

(a)

Term.

This Agreement shall take effect on the date of execution of this Agreement and shall continue unless terminated pursuant to Section 4(b).
 

 

(b)

Termination.

This Agreement may be terminated:

 

(i)

by Grantor giving notice to Grantee if Grantee has committed a material breach of this Agreement, provided that: (i) if such breach is capable of remedy, it has not been so remedied within 30 days following receipt of notice of breach, or, (ii) if such breach is not capable of remedy, this Agreement shall terminate 5 days following receipt of such notice of breach;
 

 

(ii)

by election of Grantor upon a 30-day prior written notice to Grantee;

 

(iii)

automatically if either Party becomes bankrupt or insolvent or is the subject of proceedings or arrangements for liquidation or dissolution or ceases to carry on its business or admits in writing its inability to pay its debts generally as they come due; or

 

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(iv)

by the Parties’ mutual agreement.

 

(c)

Effect of Termination.

Any Party electing properly to terminate this Agreement pursuant to this Section 4 shall have no liability to the other Party for indemnity, compensation or damages arising solely from the exercise of such right.  Upon termination of this Agreement for whatever cause:
 

 

(i)

Grantee shall forthwith discontinue all use of any or all of the Licensed Marks, Assigned Marks and Software;

 

(ii)

Grantee shall immediately cease to hold itself out as an owner of any of the Assigned Marks or a licensee of any of the Licensed Marks or Software, or to otherwise howsoever imply to third parties any misleading or untrue commercial connection with Grantor;

 

(iii)

Grantee shall forthwith sign all documents and take all steps necessary for the removal or cancellation of Grantee as registered user or licensee (if applicable) of the Licensed Marks and Software (if applicable) in relevant Governmental Authorities;

 

(iv)

Grantee shall forthwith sign all documents and take all steps necessary for the assignment of the Assigned Marks to Grantor. In furtherance of the foregoing, Grantee hereby irrevocably designate and appoint Grantor and its duly authorized officers and agents as Grantee’s agent and attorney-in-fact, to act for and in Grantee’s behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the application for the assignment of the Assigned Marks to Grantor with the same legal force and effect as if originally executed by Grantee.
 

 

(d)

Survival.

The rights and obligations under Sections 1, 5, 6, 7, 10 and 11 shall survive the expiration or termination of this Agreement.  

 

5.

INTELLECTUAL PROPERTY

 

(a)

As between the Parties, unless otherwise agreed to by the Parties in writing (such as, the assignment of the Assigned Marks under Section 2(a)), Grantor is the sole and exclusive, legal and beneficial proprietor of all rights, title and interests in and to any and all intellectual property rights (the “IPRs”) subsisting in the Trademarks (subject to Section 2(a)) and Software or arising from the use thereof, including, but not limited to, all good will associated therewith, whether developed by, or in connection with, or related to the use of the Trademarks (subject to Section 2(a)) and Software. Subject to Section 2(a) above, Grantee shall not, whether during or after the term of this Agreement, in any way contest, directly or indirectly, or in any way impair, invalidate or jeopardize Grantor’s IPRs, or aid or encourage others to do so (including without limitation filing any application for any right to or interest in the Licensed Marks or any trademarks or service marks that are similar or confusingly similar to the Licensed Marks and contesting the ownership or the validity of the Licensed Marks or any registration of the Licensed Marks in any jurisdiction).  

 

(b)

Grantee acknowledges that the registration by Grantor of the Licensed Marks in the PRC is presently pending.  Grantee shall comply with all applicable laws and obtain all necessary and appropriate consents, permits and authorizations from Governmental Authorities pertaining to the use of the Licensed Marks and shall take all actions required to effectuate such compliance, including with respect to obtaining any filing of trademark license for the Licensed Marks.
 

 

5

 

 

(c)

If Grantor decides to file, in its name as owner, any new application for any trademark, or enforces any IPR of Grantor, Grantee agrees to waive, and to cause its Affiliates to waive, any conflicts with such IPRs and shall render such assistance as is reasonably required in carrying out such filing or enforcement.

 

(d)

The Parties shall notify each other promptly of any infringement or alleged infringement by a third party of any Trademark, Software or Domain Name, or of any misuse, misappropriation, confusion as to source or origin, passing off, dilution, or cybersquatting by a third party of any Trademark, Software or Domain Name, or of any tortious action by a third party which relates to or affects any of the rights or obligations set forth in this Agreement.  In the event of any such action, Grantor shall have the right, but not the obligation, at its own expense and with the right to all recoveries, to take appropriate legal measures to quiet such action as it deems necessary and sufficient.  Grantor shall determine and/or undertake all matters relating to enforcement of the Licensed Marks and Software.  Grantor will commence and prosecute with the assistance of Grantee any action which Grantor, in its sole discretion, determines is appropriate and necessary to protect the Licensed Marks and Software.  Grantor and Grantee may consult together as to the best course to pursue in connection with the above or other and make all commercially reasonable efforts to cooperate with each other in respect of any legal action relating to the Trademarks, Software or Domain Names.

 

6.

INDEMNITY; FURTHER REMEDIES

(a)

Indemnity.   Grantee shall indemnify, defend and hold harmless Grantor from all actions, claims, liabilities and expenses, including reasonable attorney’s fees and disbursements (collectively, “Losses”), arising out of or in connection with (i) Grantee’s use of the Trademarks, Software and Domain Names, (ii) the use, sale, promotion, advertising and distribution of any products or services that feature the Trademarks or utilize Software or Domain Name and any other data, documentation or materials that feature the Trademarks or utilize the Software or Domain Name provided or developed by Grantee, its Affiliates, their respective employees or agents pursuant to this Agreement or (iii) any breach of its representations, warranties or covenants in this Agreement, except that the indemnity contained herein shall not have effect where the claim arises by reason of (i) any breach of this Agreement by Grantor and (ii) any invalidity of or defect in the right of Grantor to the Trademarks, Software and Domain Names not caused by an act or default of Grantee.

(b)

Further Remedies/Injunctive Relief.  Grantee acknowledges that use of the Trademarks, Software and Domain Names in contravention of this Agreement may cause irreparable damage to Grantor, the Trademarks, Software and Domain Names, and the goodwill associated therewith.  Grantee further acknowledges that damages may not be an adequate remedy at law for any such use of the Trademarks, Software and Domain Names in contravention of this Agreement, and agrees that in the event Grantee (i) is in material breach of this Agreement, (ii) has been notified by Grantor of the existence of such breach and (iii) has failed to cure such breach within 15 days of such notice if such breach can be cured (or, if such breach cannot be cured within such 15 day period, such Grantee has not commenced such cure in good faith or has not proceeded expeditiously therewith), then Grantor shall be entitled to equitable relief by way of temporary and permanent injunctions, specific performance and such other relief as any court with jurisdiction may deem just and proper.

 

(c)

Other Actions.  Notwithstanding the provisions of this Section 6, Grantor and Grantee shall have the right to bring an action for damages in respect of any dispute arising under this Agreement.

 

6

 

 

7.

SETTLEMENT OF DISPUTES

 

This Agreement shall be governed by procedures other than litigation for settling all claims and disputes (a “Dispute”), under the method set forth in this Section 7.

 

(a)

If any Dispute arises out of or in connection with this Agreement or the performance, breach, termination or invalidity thereof, any Party shall be entitled to serve a notice of Dispute (a “Dispute Notice”) upon the other Party. The Parties agree, following service of a Dispute Notice, to use their reasonable endeavors to negotiate in food faith to settle such Dispute.

 

(b)

If the Parties have not settled any such Dispute within 21 days of service of a Dispute Notice then the Dispute shall be settled by arbitration before China International Economic and Trade Arbitration Centre (“CIETAC”) in accordance with the Rules of Arbitration of CIETAC in force at the date of commencement of the arbitration.

 

(c)

In any arbitration pursuant to Section 7(b):

 

(i)

the place of arbitration shall be Shanghai, China;

 

(ii)

the language to be used in the arbitral proceedings shall be both English and Chinese languages;
 

 

(iii)

the appointing authority shall be CIETAC; and

 

(iv)

3 arbitrators shall be appointed to form an arbitration tribunal to resolve a dispute, one each by the claimant and the respondent, and one (the chairman of the arbitration tribunal) by the chairman of the appointing authority.

 

(d)

When 3 arbitrators have been appointed in any arbitration pursuant to Section 7(c), the award shall be given by a majority decision. If there is no majority, the award shall be made by the chairman of the arbitral tribunal alone.

 

(e)

Any award given by an arbitral tribunal appointed pursuant to Section 7(c) shall be final and binding. By agreeing to arbitration, the Parties waive irrevocably their right to any form of appeal, review or recourse to any court or other judicial authority.  The losing Party shall be responsible for the fees of CIETAC, the fees of the arbitrators, fees and expenses of the arbitration proceedings and all costs and expenses in relation to the enforcement of any arbitral award, including reasonable attorneys’ fees and expenses.

 

8.

FORCE MAJEURE

 

The Party claiming Force Majeure shall notify the other Party without delay.  If either of the Parties is delayed in or prevented from performing its obligations under this Agreement by an event of Force Majeure, only within the scope of such delay or prevention, neither Party shall be responsible for any damage, increased costs or loss which the other Party may sustain by reason of such a failure or delay of performance, and such failure or delay shall not be deemed a breach of this Agreement.  The Party claiming Force Majeure shall take appropriate means to minimize or remove the effects of Force Majeure, and attempt to resume performance of the obligations delayed or prevented by the event of Force Majeure.  After the event of Force Majeure is removed, both Parties agree to resume performance of this Agreement with their best efforts.  

 

7

 

 

9.

NO AGENCY; THIRD PARTY BENEFICIARIES

 

Nothing in this Agreement shall be construed to constitute either Party to be the agent, partner, legal representative, attorney or employee of the other for any purpose whatsoever.  Neither Party shall have the power or authority to bind the other except as specifically set out in this Agreement.  Each Party intends that this Agreement shall not benefit, or create any right or cause of action in or on behalf of, any Person other than the Parties hereto.

 

10.

APPLICABLE LAW

 

The validity, interpretation and implementation of this Agreement shall be governed by the laws of the PRC.  

 

11.

NOTICES

 

Notices or other communications required to be given by any Party to the other Party pursuant to this Agreement shall be in writing and delivered or sent by personal delivery, by facsimile, by registered mail or by internationally recognized courier, fees prepaid, to the fax number or address of the relevant Party set forth below or to such other address or fax number as may from time to time be designated by such Party to the other Party.

 

If to Grantor:

Address:

20/F, 200 Taicang Road

Luwan District

Shanghai 200020, China

Attn:

Mr. Eric Chui

Fax:

86-21 6336-7084

 

If to Grantee:

 

Address:

15/F, 200 Taicang Road

Luwan District

Shanghai 200020, China

Attn:

Ms. Coco Hu

Fax:

86-21 6336-2955

 

Any such notice or communication shall be deemed to have been given if by personal delivery, upon receipt by the addressee; if by facsimile transmission, upon confirmation that the communication was successfully sent to the applicable number; if by registered mail, 7 business days after post; if by courier, 3 business days after delivery to such courier.

 

12.

SUCCESSORS; ASSIGNMENT

 

This Agreement shall be binding upon the Parties hereto and, subject to the provisions of this Agreement, their respective successors and permitted assigns.

 

13.

SEVERABILITY

 

Any provision of this Agreement which is invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions hereof in such jurisdiction or rendering that or any other provision of this Agreement invalid, illegal or unenforceable in any other jurisdiction.  

 

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14.

ENTIRE AGREEMENT; AMENDMENT AND SUPPLEMENT

 

This Agreement, together with any schedules and exhibits (if any) attached hereto, constitutes the entire understanding of the Parties with respect to the subject hereof, and supersedes all prior oral or written agreements between the Parties.  Any amendment and supplement of this Agreement shall come into force only after a written agreement is signed by both Parties.  The amendment and supplement shall become part of this Agreement and shall have the same legal effect as this Agreement.  

 

15.

HEADINGS

 

The headings in this Agreement are inserted for the convenience of reference only and shall not be taken into consideration in the interpretation or construction of this Agreement.

 

16.

COUNTERPARTS

 

This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one instrument.

 

[signatures appear on the following page]

 

 

9

 

 
IN WITNESS HEREOF, the Parties have caused their respective authorized representatives to execute this Intellectual Property Assignment and License Agreement as of the date first above written.

 

	
  
  Grantor:

	
  
  Grantee:

	
  
  SUZHOU EZTRIPMART BUSINESS SERVICES CO., LTD.

 

 

By:

/s/ Shu Keung Chui

  
   

Name:

Shu Keung Chui

  
   

Legal Representative
 

	
  
  SHANGHAI EZTRIPMART TRAVEL AGENCY CO., LTD.  

 

 

By:

/s/ Deng Ying

  
   

Name:

Deng Ying

  
   

Legal Representative

	
  
  (Company Seal)

	
  
  (Company Seal)

 

10

 

 
Schedule 1

 

SOFTWARE

 

	
  
  Registration Code

	 	
  
  Description

	 	 	 
	
  
  2009SR06623

	 	
  
  “Zuwin” Travel Agency Marketplace and related Documentation

	 	 	
   
	 	 	
  
  “EZTripMart” B2B and B2C Travel Booking and Management System and related Documentation

	 	 	
   
	 	 	
  
  “Junli.net” Air Ticket Information System and related Documentation
   

	 	 	
   
	 	 	
“503” Air-ticketing Management System, related call center software and functional support modules, and related Documentation

 

 

11

 

 
Schedule 2-1

 

TRADEMARKS

 

Trademarks (cover all classifications under which it is registered):

 

EZTripMart (& Design)

 

驿洲(及图形)

 

Zuwin (& Design)

 

足印(及图形)

 

Junli (& Design)

 

军利(及图形)

 12

 
Schedule 2-2

 

ASSIGNED TRADEMARKS

 

 

The combined design of “EZTripMart.com” and “驿洲旅行网”
 (cover only Classes 35, 39 and 43)

 

足印 (& Design)  (cover only Classes 35 and 39)

 

军利 (& Design)  (cover only Class 35)

13

 
Schedule 3

 

DOMAIN NAMES

 

www.eztripmart.com

 

www.zuwin.cn

 

www.junli.net  

 14Sino Green Land Corporation: Exhibit 4.1 - Prepared By TNT Filings
   Inc.

  

Exhibit 4.1

NEITHER THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE
OF THIS WARRANT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”) OR ANY STATE SECURITIES LAWS, AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER
APPLICABLE STATE SECURITIES LAWS OR THE COMPANY SHALL HAVE RECEIVED AN OPINION
OF COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY THAT REGISTRATION OF SUCH
SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APLICABLE STATE
SECURITIES LAWS IS NOT REQUIRED. 

WARRANT TO PURCHASE 

SHARES OF COMMON STOCK 

OF SINO GREEN LAND CORPORATION 

	Warrant No. W-09-__ 	
    Original Issue Date: August 3, 2009 
    

     Sino Green Land Corporation, a
Nevada corporation (the “Company”), hereby certifies that, for value
received, [_____________] or its registered successors, transferees or assigns
(the “Holder”), is entitled to subscribe for and purchase from the
Company during the period beginning on the date hereof until the Expiration Date
(as hereinafter defined), up to ____________________(__________) shares (subject
to adjustment as hereinafter provided) of common stock, par value $0.001 per
share, of the Company (the “Common Stock”), at a per share exercise price
equal to the Exercise Price (as hereinafter defined) then in effect, subject,
however, to the provisions and upon the terms and conditions hereinafter set
forth.

     This warrant (this
“Warrant”) is being issued pursuant to a Common Stock and Warrant
Purchase Agreement, dated as of August 3, 2009, among the Company and the Holder
(the “Purchase Agreement”). Capitalized terms used herein but not defined
shall have the meaning given to such terms in the Purchase Agreement. 

     1. Warrant Shares. At any
time and from time to time, during the period beginning on the date hereof until
the two year anniversary of the date hereof (the “Expiration Date”), the
Holder shall be entitled to purchase up to [_______] shares of Common Stock at
an exercise price of $[0.11/0.15] per share (subject to adjustment as
hereinafter provided) (the “Exercise Price”). The shares of Common Stock
deliverable upon such exercise are hereinafter sometimes referred to as the
“Warrant Shares”. 

     2. Registration of
Warrant. The Company shall register this Warrant upon records to be
maintained by the Company for that purpose (the “Warrant Register”), in
the name of the Holder hereof from time to time. The Company may deem and treat
the registered Holder of this Warrant as the absolute owner hereof for the
purpose of any exercise hereof or any distribution to the Holder, and for all
other purposes, absent actual notice to the contrary. 

     3. Registration of
Transfers. The Company shall register the transfer of any portion of this
Warrant in the Warrant Register, upon surrender of this Warrant, with the Form
of Assignment attached hereto duly completed and signed, to the Company at its
address specified herein. Upon any such registration or transfer, a new Warrant
to purchase Common Stock, in substantially the form of this Warrant (any such
new Warrant, a “New Warrant”), evidencing the portion of this Warrant so transferred shall be issued to
the transferee and a New Warrant evidencing the remaining portion of this
Warrant not so transferred, if any, shall be issued to the transferring Holder.
The acceptance of the New Warrant by the transferee thereof shall be deemed the
acceptance by such transferee of all of the rights and obligations of a holder
of a Warrant. 

     4. Exercise and Delivery of Warrant Shares. 

          (a) The Holder may exercise this
Warrant, in whole or in part, by the surrender of this Warrant (with the
Exercise Form attached hereto as Exhibit A completed and duly executed)at
the principal office of the Company, and by the payment to the Company of an
amount of consideration therefore equal to the Exercise Price in effect on the
date of such exercise multiplied by the number of Warrant Shares with respect to
which this Warrant is then being exercised, payable in cash or by wire transfer
to an account designated by the Company. The Company shall issue and deliver to
the Holder a certificate for the Warrant Shares issuable upon such exercise
within a reasonable time thereafter.

          (b) The Company shall, upon
request of the Holder (provided that a registration statement covering the
resale of the Warrant Shares is then in effect), issue and deliver such
certificate to the Depository Trust Company (“DTC”) account on the
Holder’s behalf via the Deposit Withdrawal Agent Commission System
(“DWAC”), and the Holder hereof shall be deemed for all purposes to be
the holder of the shares of Warrant Shares so purchased as of the date of such
exercise. Notwithstanding the foregoing to the contrary, the Company or its
transfer agent shall only be obligated to issue and deliver the shares to the
DTC on a holder’s behalf via DWAC if such exercise is in connection with a sale
and the Company and its transfer agent are participating in DTC through the DWAC
system. The Holder shall deliver this original Warrant, or an indemnification
undertaking with respect to such Warrant in the case of its loss, theft or
destruction, at such time that this Warrant is fully exercised. With respect to
partial exercises of this Warrant, the Company shall keep written records for
the Holder of the number of shares of Warrant Shares exercised as of each date
of exercise. 

     5. Charges, Taxes and
Expenses. Issuance and delivery of Warrant Shares upon exercise of this
Warrant shall be made without charge to the Holder for any issue or transfer
tax, withholding tax, transfer agent fee or other incidental tax or expense in
respect of the issuance of such certificates, all of which taxes and expenses
shall be paid by the Company; provided, however, that the Company shall not be
required to pay any tax which may be payable in respect of any transfer involved
in the registration of any certificates for Warrant Shares or Warrants in a name
other than that of the Holder. The Holder shall be responsible for all other tax
liability that may arise as a result of holding or transferring this Warrant or
receiving Warrant Shares upon exercise hereof. 

     6. Replacement of Warrant.
If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue
or cause to be issued in exchange and substitution for and upon cancellation
hereof, or in lieu of and substitution for this Warrant, a New Warrant, but only
upon receipt of evidence reasonably satisfactory to the Company of such loss,
theft or destruction and customary and reasonable indemnity. Applicants for a
New Warrant under such circumstances shall also comply with such other
reasonable regulations and procedures and pay such other reasonable third-party
costs as the Company may prescribe. If a New Warrant is requested as a result of a mutilation of this Warrant, then the Holder shall
deliver such mutilated Warrant to the Company as a condition precedent to the
Company’s obligation to issue the New Warrant. 

     7. Reservation of Warrant
Shares. The Company covenants that during the term that this Warrant is
exercisable, the Company will at all times reserve and keep available out of the
aggregate of its authorized but unissued and otherwise unreserved securities,
solely for the purpose of enabling it to issue Warrant Shares upon exercise of
this Warrant as herein provided, the number of Warrant Shares which are then
issuable and deliverable upon the exercise of this entire Warrant (taking into
account the adjustments and restrictions set forth herein). The Company
covenants that all Warrant Shares so issuable and deliverable shall, upon
issuance and the payment of the applicable Exercise Price in accordance with the
terms hereof, be validly issued, fully paid and nonassessable. 

     8. Certain Adjustments.
The Exercise Price and number of Warrant Shares issuable upon exercise of this
Warrant shall be subject to adjustment from time to time as set forth in this
Section 8. 

          (a) Stock Dividends and
Splits. If, at any time while this Warrant is outstanding, (i) a stock
dividend is paid on the Common Stock or distribution is otherwise made on any
class of capital stock that is payable in Common Stock, (ii) there is a
subdivision of the outstanding shares of Common Stock into a larger number of
shares, or (iii) there is a combination of outstanding shares of Common Stock
into a smaller number of shares, then in each such case the Exercise Price shall
be multiplied by a fraction of which the numerator shall be the number of shares
of Common Stock outstanding immediately before such event and of which the
denominator shall be the number of shares of Common Stock outstanding
immediately after such event. Any adjustment made pursuant to clause (i) of this
paragraph shall become effective immediately after the record date for the
determination of stockholders entitled to receive such dividend or distribution,
and any adjustment pursuant to clause (ii) or (iii) of this paragraph shall
become effective immediately after the effective date of such subdivision or
combination. 

          (b) Fundamental
Transactions. If, at any time while this Warrant is outstanding there is a
Fundamental Transaction (as hereinafter defined), then, and as a condition to
each such Fundamental Transaction, proper and adequate provision shall be made
so that, upon the basis and the terms and in the manner provided in this
Warrant, the Holder of this Warrant shall be entitled upon the exercise hereof
at any time after the consummation of such Fundamental Transaction, to the
extent this Warrant is not exercised prior to such Fundamental Transaction, to
receive at the Warrant Price in effect at the time immediately prior to the
consummation of such Fundamental Transaction in lieu of the Common Stock
issuable upon such exercise of this Warrant prior to such Fundamental
Transaction the same amount and kind of securities, cash or property to which
the Holder would have been entitled upon the consummation of such Fundamental
Transaction if the Holder had exercised the rights represented by this Warrant
immediately prior thereto (the “Alternate Consideration”). 

     A “Fundamental
Transaction” shall occur in the event that the Company shall do any of the
following after the date hereof: (a) consolidate or merge with or into any other
Person and the Company shall not be the continuing or surviving corporation of
such consolidation or merger (except pursuant to a migratory merger for purposes
of reincorporation to another jurisdiction), or (b) permit any other Person to
consolidate with or merge into the Company and the Company shall be the
continuing or surviving Person but, in connection with such consolidation or merger, any capital stock of the Company
shall be changed into or exchanged for securities of any other Person or cash or
any other property, or (c) transfer all or substantially all of its properties
or assets to any other Person, or (d) effect a capital reorganization or
reclassification of its capital stock. 

          (c) Calculations. All
calculations under this Section 8 shall be made to the nearest cent or
the nearest 1/100th of a share, as applicable. 

          (d) Notice of Adjustments.
Upon the occurrence of each adjustment pursuant to this Section 8, the
Company at its expense will promptly compute such adjustment in accordance with
the terms of this Warrant and prepare a certificate setting forth such
adjustment, including a statement of the adjusted Exercise Price and adjusted
number or type of Warrant Shares or other securities issuable upon exercise of
this Warrant (as applicable), describing the transactions giving rise to such
adjustments and showing in detail the facts upon which such adjustment is based.
Upon written request, the Company will promptly deliver a copy of each such
certificate to the Holder and to the Company's transfer agent. 

          (e) Notice of Corporate
Events. Upon the (i) declaration of a dividend or any other distribution of
cash, securities or other property in respect of the Securities, (ii)
authorization or approval of any agreement contemplating or soliciting
stockholder approval for any Fundamental Transaction or (iii) authorization of a
voluntary dissolution, liquidation or winding up of the affairs of the Company,
then the Company shall deliver to the Holder a notice describing the material
terms and conditions of such transaction (but only to the extent such disclosure
would not result in the dissemination of material, non-public information to the
Holder) at least 10 calendar days prior to the applicable record or effective
date on which a Person would need to hold common stock in order to participate
in or vote with respect to such transaction, and the Company will take all steps
reasonably necessary in order to insure that the Holder is given the practical
opportunity to exercise this Warrant prior to such time so as to participate in
or vote with respect to such transaction; provided, however, that the failure to
deliver such notice or any defect therein shall not affect the validity of the
corporate action required to be described in such notice. 

     9. Limitations on
Exercise. Notwithstanding anything to the contrary contained herein, the
number of Warrant Shares that may be acquired by the Holder upon any exercise of
this Warrant (or otherwise in respect hereof) shall be limited to the extent
necessary to ensure that, following such exercise (or other issuance), the total
number of shares of Common Stock then beneficially owned by such Holder and its
Affiliates and any other Persons whose beneficial ownership of Common Stock
would be aggregated with the Holder's for purposes of Section 13(d) of the
Exchange Act, does not exceed 4.99% of the total number of issued and
outstanding shares of Common Stock (including for such purpose the shares of
Common Stock issuable upon such exercise). For such purposes, beneficial
ownership shall be determined in accordance with Section 13(d) of the Exchange
Act and the rules and regulations promulgated thereunder; provided,
however, that upon the Holder providing the Company with sixty-one (61)
days notice (pursuant to Section 11 hereof) (the “Waiver Notice”)
that the Holder would like to waive this Section 9 with regard to any or
all shares of Common Stock issuable upon exercise of this Warrant, this
Section 9 will be of no force or effect with regard to all or a portion
of the Warrant referenced in the Waiver Notice; provided, further,
that during the sixty-one (61) day period prior to the Expiration Date, the
Holder may waive this Section 9 by providing a Waiver Notice at any time
during such sixty-one (61) day period. 

     10. No Fractional Shares.
No fractional shares of Warrant Shares will be issued in connection with any
exercise of this Warrant but in lieu of such fractional shares, the Company
shall round the number of shares to be issued upon exercise up to the nearest
whole number of shares. 

     11. Notices. Any notice,
demand, request, waiver or other communication required or permitted to be given
hereunder shall be in writing and shall be effective (a) upon hand delivery, by
telecopy or facsimile (or other electronic transmission) at the address or
number designated below (if delivered on a Business Day during normal business
hours where such notice is to be received), or the first Business Day following
such delivery (if delivered other than on a Business Day during normal business
hours where such notice is to be received) or (b) on the second Business Day
following the date of mailing by express courier service, fully prepaid,
addressed to such address, or upon actual receipt of such mailing, whichever
shall first occur. The addresses for such communications shall be: 

  
	If to the Company: 	Sino Green Land Corporation 
	  	6F No. 947 Qiao Xing Road 
	  	Shi Qiao Town Pan Yu District 
	  	Guangzhou, China 511400 
	  	Attention: Anson Yiu Ming Fong 
	  	Facsimile: +86-20-8489-0227

	 	 
	If to the Holder, to: 	[_________]

  

or such other address as may be designated in writing
hereafter, in the same manner, by such Person. 

     12. Holder Not Deemed
Stockholder. The Holder of this Warrant shall not, as such, be entitled to
vote or to receive dividends or be deemed the holder of Common Stock that may at
any time be issuable upon exercise of this Warrant for any purpose whatsoever,
nor shall anything contained herein be construed to confer upon the Holder of
this Warrant, as such, any of the rights of a stockholder of the Company or any
right to vote for the election of directors or upon any matter submitted to
stockholders at any meeting thereof, or to give or withhold consent to any
corporate action (whether upon any recapitalization, issue or reclassification
of stock, change of par value or change of stock to no par value, consolidation,
merger or conveyance or otherwise), or to receive notice of meetings, or to
receive dividends or subscription rights, until the Holder shall have exercised
this Warrant in accordance with the provisions hereof. 

     13. Restrictive Legend.
Each Warrant Share, when issued, shall include a legend in substantially the
following form: 

  
THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
OR ANY STATE SECURITIES LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE
BEING OFFERED PURSUANT TO REGULATION S (“REGULATION S”) PROMULGATED UNDER THE SECURITIES ACT. ACCORDINGLY, THE SECURITIES REPRESENTED BY THIS
CERTIFICATE MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS (A)
REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES LAWS,
(B) THE ISSUER SHALL HAVE RECEIVED AN OPINION OF COUNEL THAT REGISTRATION OF
SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE
STATE SECURITIES LAWS IS NOT REQUIRED OR (C) SOLD OUTSIDE THE UNITED STATES IN
ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT AND IN
COMPLIANCE WITH APPLICABLE LOCAL LAWS AND REGULATIONS.

  

14. Miscellaneous. 

          (a) This Warrant shall be binding
on and inure to the benefit of the parties hereto and their respective
successors and assigns. Subject to the preceding sentence, nothing in this
Warrant shall be construed to give to any Person other than the Company and the
Holder any legal or equitable right, remedy or cause of action under this
Warrant. This Warrant may be amended only in writing signed by the Company and
the Holder.

          (b) This Warrant shall be
governed by and construed in accordance with the internal laws of the State of
New York, without giving effect to any of the conflicts of law principles which
would result in the application of the substantive law of another jurisdiction.
This Warrant shall not be interpreted or construed with any presumption against
the party causing this Agreement to be drafted. 

          (c) The headings herein are for
convenience only, do not constitute a part of this Warrant and shall not be
deemed to limit or affect any of the provisions hereof. 

          (d) In case any one or more of
the provisions of this Warrant shall be invalid or unenforceable in any respect,
the validity and enforceability of the remaining terms and provisions of this
Warrant shall not in any way be affected or impaired thereby and the parties
will attempt in good faith to agree upon a valid and enforceable provision which
shall be a commercially reasonable substitute therefor, and upon so agreeing,
shall incorporate such substitute provision in this Warrant. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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

	SINO GREEN LAND CORPORATION 
	  
	  
	By: _________________________
	         Name: Anson Yiu Ming Fong
    
	         Title: Chairman
  

Exhibit A 

EXERCISE NOTICE 

SINO GREEN LAND CORPORATION 

WARRANT DATED AUGUST 3, 2009 

The undersigned Holder hereby irrevocably elects to purchase
_____________shares of common stock pursuant to the above referenced Warrant.
Capitalized terms used herein and not otherwise defined have the respective
meanings set forth in the Warrant. 

	(1) 	
      The undersigned Holder hereby exercises its right to
      purchase _________________Warrant Shares pursuant to the
Warrant.

	 	 
	(2) 	
      The holder shall pay the sum of $____________to the
      Company in accordance with the terms of the Warrant.

	 	 
	(3) 	
      Pursuant to this Exercise Notice, the Company shall
      deliver to the holder _______________Warrant Shares in accordance with the
      terms of the Warrant.

	 	 
	(4) 	
      The undersigned makes the representations set forth on
      Appendix A attached to this Exercise Notice.

	 	 
	(5) 	
      By its delivery of this Exercise Notice, the undersigned
      represents and warrants to the Company that in giving effect to the
      exercise evidenced hereby the Holder will not beneficially own in excess
      of the number of shares of Common Stock (determined in accordance with
      Section 13(d) of the Securities Exchange Act of 1934) permitted to be
      owned under Section 10 of the Warrant to which this notice
  relates.

	Dated: ____________,	Name of Holder: 
	  	  
	  	(Print) 
	  	  
	  	By: 
	  	Name: 
	  	Title: 
	  	  
	  	(Signature must conform in all respects to
  
	  	name of holder as specified on the face of the
    
	  	Warrant) 

Annex A 

THIS REPRESENTATION LETTER MUST BE COMPLETED, SIGNED AND
RETURNED TO COMPANY ALONG WITH THE PURCHASE FORM BEFORE THE SHARES ISSUABLE UPON
EXERCISE OF THE WARRANT WILL BE ISSUED. 

Date: _____________

Sino Green Land Corporation 
6F No. 947 Qiao Xing Road

Shi Qiao Town Pan Yu District 
Guangzhou, China 511400 
Attention:
Anson Yiu Ming Fong 

     The undersigned,
_______________(“Purchaser”), intends to acquire _______shares of common
stock, par value $0.001 per share (the “Shares”) of Sino Green Land
Corporation (the “Company”) from the Company pursuant to the exercise of
a certain Warrant to purchase Shares held by Purchaser dated August 3, 2009. The
Shares will be issued to Purchaser in a transaction not involving a public
offering and pursuant to an exemption from registration under the Securities Act
of 1933, as amended, and the rules and regulations promulgated thereunder (the
“Act”) and applicable state securities laws. In connection with such
purchase and in order to comply with the exemptions from registration relied
upon by the Company, Purchaser represents, warrants and agrees as follows: 

     1. The Purchaser (a) either
individually, or together with a purchaser representative, is knowledgeable,
sophisticated and experienced in making, and is qualified to make, decisions
with respect to investments in shares representing an investment decision like
that involved in the purchase of the Shares, including investments in securities
issued by the Company and comparable entities, and has requested, received,
reviewed and considered all information it deems relevant in making an informed
decision to purchase the Shares; (b) is acquiring the Shares in the ordinary
course of its business and for its own account for investment only and with no
present intention or view toward the public sale or distribution thereof, and no
arrangement or understanding exists with any other persons regarding the public
sale or distribution of any Shares; (c) will not, directly or indirectly, except
in compliance with the Act, the rules and regulations promulgated thereunder and
such other securities or blue sky laws as may be applicable, offer, sell,
pledge, transfer or otherwise dispose of (or solicit any offers to buy, purchase
or otherwise acquire or take a pledge of) any of the Shares or engage in any
Short Sale (as defined below); and (d) has, in connection with its decision to
purchase the Shares, relied solely upon its own independent investigation of the
Company and the representations and warranties of the Company contained herein.

     2. The Purchaser is acquiring the
Shares in an offshore transaction in accordance with Rule 903 of Regulation S
promulgated under the Act (“Regulation S”) and the Purchaser is not a
“U.S. Person” as that term is defined under Rule 902(o)(1) of Regulation S.
Without limiting the foregoing, the Purchaser acknowledges that no offer to the
Purchaser to purchase the Shares has been made to the Purchaser in the United
States and at the times of the offer to the
Purchaser to purchase the Shares and of the execution of this Agreement, the Purchaser was domiciled and resided outside of the United States. 

     3. Neither the Purchaser, nor any person acting on its behalf or any behalf of any such affiliate, has engaged or will engage in any activity undertaken for the purpose of, or that reasonably could be expected to have
the effect of, conditioning the markets in the United States for the Shares, including but not limited to effecting any sale or short sale of the Company’s securities through the Purchaser or any of its affiliates prior to the expiration of any
restricted period contained in Regulation S (any such activity being defined herein as a “Directed Selling Effort”).

     4. The Purchaser agrees that all offers and sales of the Shares from the date hereof and through the expiration of the any restricted period set forth in Rule 903 of Regulation S (as the same may be amended from time to
time hereafter) shall not be made to U.S. Persons or for the account or benefit of U.S. Persons and shall otherwise be made in compliance with the provisions of Regulation S and any other applicable provisions of the Act. 

     5. The Purchaser and its representatives have not conducted any Directed Selling Effort as that term is used and defined in Rule 902 of Regulation S and will not engage in any such Directed Selling Effort within the
United States through the expiration of any restricted period set forth in Rule 903 of Regulation S. In addition, the Purchaser is purchasing the Shares for its own account and not with a view towards, or for resale in connection with, the public
sale or distribution thereof, except pursuant to sales registered or exempted under the Act and the Purchaser does not have a present arrangement to effect any distribution of the Shares to or through any person or entity. 

     6. The Purchaser understands that the Shares are being offered and sold to it in reliance upon specific exemptions from the registration requirements of Act, the rules and regulations and state securities laws, and that
the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of the Purchaser set forth herein in order to determine the availability
of such exemptions and the eligibility of the Purchaser to acquire the Shares. 

     7. The Purchaser understands that its investment in the Shares involves a significant degree of risk and that the market price of the Shares has been and continues to be volatile, that no representation is being made as
to the future value of the Common Stock and that the Purchaser has carefully read and considered the matters set forth in public filings made by the Company with the Securities and Exchange Commission (“SEC”).  The Purchaser has the
knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Shares and has the ability to bear the economic risks of an investment in the Shares.  The Purchaser has had a
reasonable opportunity review the Company’s public filings with the SEC, to ask questions of the Company and its representatives; and the Company has answered all inquiries that the Purchaser or the Purchaser’s representatives have put to
it, and all such inquiries have been answered to the full satisfaction of the Purchaser. 

     8. The Shares may only be
disposed of in compliance with state and federal securities laws. In connection
with any transfer of Shares other than pursuant to an effective registration
statement, pursuant to Rule 144, pursuant to Rule 144 (if customary
documentation is provided satisfactory to legal counsel to the Company), the
Company may require the transferor thereof to provide to the Company an opinion
of counsel selected by the transferor, the form and substance of which opinion
shall be reasonably satisfactory to the Company, to the effect that such
transfer does not require registration of such transferred Shares under the Act.

     9. The Purchaser is not aware of,
is in no way relying on, and did not become aware of the offering of the Shares
through or as a result of, any form of general solicitation or general
advertising including, without limitation, any article, notice, advertisement or
other communication published in any newspaper, magazine or similar media or
broadcast over television or radio, in connection with the offering and sale of
the Shares and is not subscribing for Shares and did not become aware of the
offering of the Shares hereunder through or as a result of any seminar or
meeting to which the Purchaser was invited by, or any solicitation of a
subscription by, a person not previously known to the Purchaser in connection
with investments in securities generally. 

     The Purchaser has carefully read
this letter and has discussed its requirements and other applicable limitations
upon Purchaser’s resale of the Shares with Purchaser’s counsel. 

___________________

By: ________________
Name: ______________
Title:
_______________

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