Document:

EXHIBIT
      4.8

     

    WARRANT
      AGREEMENT

     

    Agreement
      made as of __________, 2006 between Stoneleigh Partners Acquisition Corp.,
      a
      Delaware corporation, with offices at c/o PLM International, Inc., 555 Fifth
      Avenue, New York, New York 10017 (“Company”), and Continental Stock Transfer
& Trust Company, a New York corporation, with offices at 17 Battery Place,
      New York, New York 10004 (“Warrant Agent”).

     

    WHEREAS,
      the Company has heretofore sold and delivered to its initial security holders,
      including its officers and directors (collectively, “Insiders”), an aggregate of
      (i) 11,700,000 Class W Warrants (“Class W Warrants”) and (ii) 11,700,000 Class Z
      Warrants (“Class Z Warrants”), each such Warrant evidencing the right of the
      holder thereof to purchase one share of the Company’s common stock, par value
      $0.0001 per share (“Common Stock”), for $5.00, subject to adjustment as
      described herein (the Class W Warrants and the Class Z Warrants sold to the
      Insiders being hereinafter referred to, collectively, as “Insiders’ Warrants”);
      and

     

    WHEREAS,
      the Company is engaged in a public offering (“Public Offering”) of Units
      (“Units”) and, in connection therewith, has determined to issue and deliver up
      to (i) 42,895,000 Class W Warrants and 16,962,500 Class Z Warrants
      (collectively, “Public Warrants”) to the public investors, and
      (ii) 1,865,000 Class W Warrants and 737,500 Class Z Warrants to
      HCFP/Brenner Securities LLC (“Brenner”) or its designees (“Representative’s
      Warrants” and, collectively with the Insiders’ Warrants and the Public Warrants,
      the “Warrants”); and

     

    WHEREAS,
      the Company has filed with the Securities and Exchange Commission a Registration
      Statement, No. 333-133235 on Form S-1 (“Registration Statement”) for the
      registration, under the Securities Act of 1933, as amended (“Act”) of, among
      other securities, the Warrants and the Common Stock issuable upon exercise
      of
      the Warrants; and

     

    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;
      and

     

    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 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.

     

    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
      respective forms of Exhibits A and B hereto, the provisions of which are
      incorporated herein and shall be signed by, or bear the facsimile signature
      of,
      the Chairman of the Board or President and Treasurer, Secretary or Assistant
      Secretary 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 Warrants.
      The
      securities comprising the Units will not be separately transferable until 90
      days after the date hereof unless Brenner informs the Company of its decision
      to
      allow earlier separate trading, but in no event will Brenner allow separate
      trading of the securities comprising the Units until the Company files a Current
      Report on Form 8-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 Underwriter’s
      over-allotment option, if the over-allotment option is exercised prior to the
      filing of the Form 8-K.

     

    
      
        
        

      

      
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    2.5 Warrant
      Attributes.
      The
      Insiders’ Warrants, the Public Warrants and the Representative’s Warrants shall
      have the same terms except with respect to the Warrant Price and Exercise Period
      as set forth below in Sections 3.1 and 3.2.

     

    3. Terms
      and Exercise of Warrants.

     

    3.1 Warrant
      Price.
      Each
      Insiders’ Warrant and Public Warrant shall, when countersigned by the Warrant
      Agent, entitle the registered holder thereof, subject to the provisions of
      such
      Insiders’ Warrant and Public Warrant, as applicable, and of this Warrant
      Agreement, to purchase from the Company the number of shares of Common Stock
      stated therein, at the price of $5.00 per whole share, subject to the
      adjustments provided in Section 4 hereof and in the last sentence of this
      Section 3.1. Each Representative’s Warrant shall, when countersigned by the
      Warrant Agent, entitle the registered holder thereof, subject to the provisions
      of such Representative’s Warrant and of this Warrant Agreement, to purchase from
      the Company the number of shares of Common Stock stated therein, at the price
      of
      $____ per whole share, subject to the adjustments provided in Section 4
      hereof. The
      term
“Warrant Price” as used in this Warrant Agreement refers to the price per share
      at which Common Stock 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. 

     

    3.2 Duration
      of Warrants.
      

     

    3.2.1 A
      Class W
      Warrant or Class Z Warrant may be exercised only during the period (“Exercise
      Period”) commencing on the later of the consummation by the Company of a merger,
      capital stock exchange, asset acquisition or other similar business combination
      (“Business Combination”) (as described more fully in the Company’s Registration
      Statement) and _______________ 2007. Each Insiders’ Warrant and Public Warrant
      shall terminate at 5:00 p.m., New York City time, on the earlier to occur of
      (i)
      _________ 2011 if a Class W Warrant or ____________ 2013 if a Class Z Warrant,
      as applicable, or (ii) the date fixed for redemption of the Warrants as provided
      in Section 6 of this Agreement (“Expiration Date”). Each Representative’s
      Warrant shall terminate at 5:00 p.m., New York City time, on the earlier to
      occur of (i) ____________ 2011 or (ii) the date fixed for redemption of the
      Warrants as provided in Section 6 of this Agreement.

     

    3.2.2 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.

     

    3.3 Exercise
      of Warrants.

     

    3.3.1 Payment.
      Subject
      to the provisions of the Warrant and this Warrant Agreement, including Section
      3.3.2, 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 share of Common Stock 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 Common Stock, and the issuance
      of
      the Common Stock.

     

    
      
        
        

      

      
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    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
      shares of Common Stock 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. Notwithstanding the foregoing,
      the Company shall not be obligated to deliver any securities pursuant to the
      exercise of a Public Warrants or a Representative’s Warrant and shall have no
      obligation to settle the Warrant exercise unless a registration statement under
      the Act with respect to the Common Stock is effective subject to the Company
      satisfying its obligations under Section 7.4 to use its best efforts. In the
      event that a Registration Statement with respect to the Common Stock underlying
      a Public Warrant or a Representative’s warrant is not effective under the Act,
      the holder of such Public Warrants or Representative 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 the
      Warrant exercise. Public Warrants and Representative’s Warrants may not be
      exercised by, or securities issued to, any registered holder in any state in
      which such exercise would be unlawful. The shares of Common Stock issuable
      upon
      exercise of Insiders’ Warrants shall be unregistered shares. In the event that a
      registration statement is not effective for the exercised Public warrants and
      Representative’s Warrants, the purchaser of a unit containing such Warrant, will
      have paid the full purchase price for the unit solely for the shares
      included in such unit.

     

    3.3.3 Valid
      Issuance.
      All
      shares of Common Stock 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 shares of Common Stock 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.

     

    3.3.5 Warrant
      Solicitation and Warrant Solicitation Fee.
      

     

    (a) The
      Company has engaged Brenner, on a non-exclusive basis, as its agent for the
      solicitation of the exercise of the Warrants. The Company, at its cost, will
      (i)
      assist Brenner with respect to such solicitation, if requested by Brenner,
      and
      (ii) provide Brenner, and direct the Company’s transfer agent and the Warrant
      Agent to deliver to Brenner, lists of the record and, to the extent known,
      beneficial owners of the Company’s Warrants. The Company hereby instructs the
      Warrant Agent to cooperate with Brenner in every respect in connection with
      Brenner’s solicitation activities, including, but not limited to, providing to
      Brenner, at the Company’s cost, a list of record and beneficial holders of the
      Warrants and circulating a prospectus or offering circular disclosing the
      compensation arrangements referenced in Section 3.3.5(b) below to holders of
      the
      Warrants at the time of exercise of the Warrants. In addition to the conditions
      set forth in Section 3.3.5(b), Brenner shall accept payment of the warrant
      solicitation fee provided in Section 3.3.5(b) only if it has provided bona
      fide services to the Company in connection with the exercise of the Warrants
      and
      only to the extent that an investor who exercises his Warrants specifically
      designates, in writing, that Brenner solicited his exercise. In addition to
      soliciting, either orally or in writing, the exercise of Warrants by a Warrant
      holder, such services may also include disseminating information, either orally
      or in writing, to Warrant holders about the Company or the market for the
      Company’s securities, or assisting in the processing of the exercise of
      Warrants.

     

    
      
        
        

      

      
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    (b) In
      each
      instance in which a Warrant is exercised, the Warrant Agent shall promptly
      give
      written notice of such exercise to the Company and Brenner (“Warrant Agent’s
      Exercise Notice”). If, upon the exercise of any Warrant more than one year from
      the effective date of the Registration Statement, (i) the market price of
      the Company’s Common Stock is greater than the Warrant Price, (ii) disclosure of
      compensation arrangements between the Company and Brenner with respect to the
      solicitation of the exercise of the Warrants was made both at the time of the
      Public Offering and at the time of exercise (by delivery of the Prospectus
      or as
      otherwise required by applicable law, rule or regulation), (iii) the holder
      of
      the Warrant confirms in writing that the exercise of the Warrant was solicited
      by Brenner, (iv) the Warrant was not held in a discretionary account, and (v)
      the solicitation of the exercise of the Warrant was not in violation of
      Regulation M (as such rule or any successor rule may be in effect as of such
      time of exercise) promulgated under the Securities Exchange Act of 1934, as
      amended, then the Warrant Agent, simultaneously with the distribution of the
      Common Stock underlying the Warrants so exercised in accordance with the
      instructions from the Company following receipt of the proceeds to the Company
      received upon exercise of such Warrant(s), shall, on behalf of the Company,
      pay
      a fee of 5% of the Warrant Price to Brenner, provided that Brenner delivers
      to
      the Warrant Agent within ten (10) business days from the date on which Brenner
      has received the Warrant Agent’s Exercise Notice, a certificate that the
      conditions set forth in the preceding clauses (iii), (iv) and (v) have been
      satisfied. Notwithstanding the foregoing, no fee will be paid to Brenner with
      respect to the exercise by the Underwriters or their affiliates or the Company’s
      officers or directors of Warrants purchased by it or them upon exercise of
      the
      Representative’s Warrants and still held by any of the Underwriters or them for
      its or their own account. Brenner and the Company may at any time during
      business hours, examine the records of the Warrant Agent, including its ledger
      of original Warrant certificates returned to the Warrant Agent upon exercise
      of
      Warrants. 

     

    (c) The
      provisions of this Section 3.3.5. may not be modified, amended or deleted
      without the prior written consent of Brenner.

     

    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 shares of Common Stock is increased by a stock dividend
      payable in shares of Common Stock, or by a split-up of shares of Common Stock,
      or other similar event, then, on the effective date of such stock dividend,
      split-up or similar event, the number of shares of Common Stock issuable on
      exercise of each Warrant shall be increased in proportion to such increase
      in
      outstanding shares of Common Stock.

     

    
      
        
        

      

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

     

    4.3 Adjustments
      in Exercise Price.
      Whenever the number of shares of Common Stock 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 shares of Common Stock purchasable upon the exercise
      of
      the Warrants immediately prior to such adjustment, and (y) the denominator
      of
      which shall be the number of shares of Common Stock so purchasable immediately
      thereafter.

     

    4.4 Replacement
      of Securities upon Reorganization, etc.
      In case
      of any reclassification or reorganization of the outstanding shares of Common
      Stock (other than a change covered by Section 4.1 or 4.2 hereof or that
      solely affects the par value of such shares of Common Stock), or in the case
      of
      any merger or consolidation of the Company with or into another corporation
      (other than a consolidation or merger in which the Company is the continuing
      corporation and that does not result in any reclassification or reorganization
      of the outstanding shares of Common Stock), 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 shares of Common Stock 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, merger 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 shares
      of
      Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be
      made pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The
      provisions of this Section 4.4 shall similarly apply to successive
      reclassifications, reorganizations, mergers or consolidations, sales or other
      transfers.

     

    4.5 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 or 4.4, 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.

     

    
      
        
        

      

      
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    4.6 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 shares of
      Common Stock to be issued to the Warrant holder.

     

    4.7 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.

     

    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.

     

    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.

     

    
      
        
        

      

      
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    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. 

     

    6. Redemption.

     

    6.1 Redemption.
      Subject
      to Section 6.4 hereof, the Class W Warrants and/or Class Z Warrants may be
      redeemed, at the option of the Company and with Brenner’s consent, in whole or
      in part, at any time after they become exercisable 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 $.05 per Warrant (“Redemption Price”),
      provided that (i) the last sales price of the Common Stock has been at least
      $7.50 per share (subject to adjustment in accordance with Section 4 hereof),
      in
      the case of the Class W Warrants, and $8.75 per share (subject to adjustment
      in
      accordance with Section 4 hereof), in the case of the Class Z Warrants, as
      applicable, on any 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 (the "Measurement Period") and (ii) the Warrants and the
      shares of Common Stock underlying the Warrants are covered by a registration
      statement that is effective under the Act on each day commencing on the first
      day of the Measurement Period and ending on the date fixed for redemption.
      In
      the event of a redemption for less than all of the Class W Warrants and/or
      Class
      Z Warrants, warrants shall be redeemed pro rata, with respect to each of the
      Class W Warrants and Class Z Warrants. The provisions of this Section 6.1
      may not be modified, amended or deleted without the prior written consent of
      Brenner. In determining whether to grant consent to any redemption, Brenner
      will
      assess the relative strengths of the securities markets and small capitalization
      companies, in general, and the trading pattern of, and demand for the Company’s
      securities in particular.

     

    6.2 Date
      Fixed for, and Notice of, Redemption.
      In the
      event the Company shall elect to redeem all of the Class W and/or Class Z
      Warrants, as applicable, 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 Class W or Class Z Warrants, as applicable, 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
      Class W or Class Z Warrants, as applicable, 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 holders of such Warrants shall have no further rights except to receive,
      upon surrender of the Warrants, the Redemption Price.

     

    6.4 Exclusion
      of Certain Warrants.
      

     

    (a) 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(a) may not be modified, amended or
      deleted without the prior written consent of Brenner.

     

    
      
        
        

      

      
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    (b) The
      Insider Warrants may not be redeemed by the Company so long as such Insider
      Warrants are held by the Insiders. However, once an Insider transfers his
      Insider Warrants, such Insider Warrants shall then be redeemable by the Company
      pursuant to Section 6 hereof.

     

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

     

    7.4 Registration
      of Common Stock.
      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, and it shall use its best efforts to take
      such
      action as is necessary to qualify for sale, in those states in which the Public
      Warrants and Representative’s Warrants were initially offered by the Company,
      the Common Stock issuable upon exercise of the Public Warrants and
      Representative’s 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 Public Warrants and
      Representative’s Warrants in accordance with the provisions of this Agreement.
      The provisions of this Section 7.4 may not be modified, amended or deleted
      without the prior written consent of Brenner.

     

    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 shares of Common Stock 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.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    8.2 Resignation,
      Consolidation, or Merger 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.

     

    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
      Common Stock 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.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    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 President or Chairman of the Board
      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
      shares of Common Stock to be issued pursuant to this Agreement or any Warrant
      or
      as to whether any shares of Common Stock will when issued be valid and fully
      paid and nonassessable. 

     

    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 Common
      Stock through the exercise of Warrants.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    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:

     

    Stoneleigh
      Partners Acquisition Corp.

    555
      Fifth
      Avenue

    New
      York,
      New York 10017

    Attn: Chief
      Executive Officer

    

    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: Corporate
      Trust Department

    

    with
      a
      copy in each case to:

    

    

    Blank
      Rome LLP

    The
      Chrysler Building

    405
      Lexington Avenue

    New
      York,
      New York 10174

    Attn:
      Robert L. Mittman, Esq.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

    and

    

    Graubard
      Miller

    The
      Chrysler Building

    405
      Lexington Avenue

    New
      York,
      New York 10174

    Attn: David
      Alan Miller, Esq.

    

    and

    

    HCFP/Brenner
      Securities LLC

    888
      Seventh Avenue, 17th
      Floor

    New
      York,
      New York 10106

    Attn: Avi
      Lipsker

    

    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 inconvenience 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 here-to and the registered
      holders of the Warrants and, for the purposes of Sections 3.3.5, 6.1, 6.4,
      7.4 and 9.2 hereof, Brenner, any right, remedy, or claim under or by reason
      of
      this Warrant Agreement or of any covenant, condition, stipulation, promise,
      or
      agreement hereof. Brenner shall be deemed to be a third-party beneficiary of
      this Agreement with respect to Sections 3.3.5, 6.1, 6.4, 7.4 and 9.2 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 Brenner with respect to the Sections 3.3.5, 6.1, 6.4, 7.4 and 9.2
      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.

     

    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.

     

    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.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

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

     

    
      	
              ATTEST:

               

              ________________________________________

            	
              STONELEIGH
                PARTNERS ACQUISITION CORP.

               

               

              By:________________________________________

              Name:

              Title:

            
	 	 
	
              ATTEST:

               

              ________________________________________

            	
              CONTINENTAL
                STOCK TRANSFER

                &
                TRUST COMPANY

               

              By:________________________________________

              Name:

              Title:

            
	 	 

    

     

     

    
      
        
        

      

      14EXHIBIT
      10.1

    

    

    SUBSCRIPTION
      AGREEMENT

    

    SUBSCRIPTION
      AGREEMENT (“Subscription Agreement”) made as of this 17th day of October, 2006,
      by and among SRKP 1, INC., a Delaware corporation (the “Company”); Full Art
      International, Ltd., a company incorporated in Hong Kong and upon the Closing
      Date (as defined below) a wholly-owned subsidiary of the Company (“KGE”); and
      the undersigned (the “Subscriber”).

    

    WHEREAS,
      the Company, KGE, and the shareholders of KGE are parties to a certain Share
      Exchange Agreement dated as of August 21, 2006 (the “Exchange Agreement”),
      pursuant to which KGE will become a wholly-owned subsidiary of the Company
      and
      100% of the outstanding securities of KGE will be exchanged for securities
      in
      the Company (the “Share Exchange”). Immediately after the effective time of the
      Share Exchange (the “Closing Date”), the Company will assume the business and
      operations of KGE. 

    

    WHEREAS,
      as a condition to the closing of the Share Exchange, the Company intends to
      obtain subscriptions for the purchase and sale, in a private placement
      transaction (the “Offering”) pursuant to Regulation D promulgated under the
      Securities Act of 1933, as amended (the “Act”), of shares of common stock (the
“Shares”) of the Company, par value $0.001 per share (“Common Stock”) on the
      terms and conditions hereinafter set forth, and the Subscriber desires to
      acquire that number of Shares set forth on the signature page
      hereof.

    

    NOW,
      THEREFORE, for and in consideration of the promises and the mutual covenants
      hereinafter set forth, the parties hereto do hereby agree as
      follows:

    

    1. Subscription
      Procedure

     

    1.1 Subject
      to the terms and conditions hereinafter set forth, the Subscriber hereby
      subscribes for and agrees to purchase from the Company such number of Shares
      as
      is set forth upon the signature page hereof at a price of $1.60 per Share (the
      “Purchase Price”). The Company agrees to sell such Shares to the Subscriber for
      the Purchase Price.

     

    1.2 The
      subscription period will begin as of August 21, 2006 and will terminate (if
      the
      Closing Date has not earlier occurred) at 5:00 PM Eastern Standard Time on
      October 30, 2006, unless extended by the Company, KGE and the Placement Agent
      (as defined below) for up to an additional 90 days (the “Termination Date”). The
      Shares will be offered on a “best efforts” basis as more particularly set forth
      in a Confidential Private Placement Memorandum and any supplements thereto
      (the
“Offering Memorandum”) which shall supersede in its entirety that Executive
      Summary dated September 7, 2006. The final Offering Memorandum will be provided
      to Subscribers in the Offering no later than two days prior to the Termination
      Date. The consummation of the Offering is subject to the satisfaction of a
      number of conditions to be further described in the Offering Memorandum, one
      or
      more of which conditions may not occur.

     

    1.3 Placement
      of Shares will be made by WestPark Capital, Inc. (the “Placement Agent”), which
      will receive certain compensation therefore as will be more fully described
      in
      the Offering Memorandum.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    1.4 The
      Purchase Price will be placed in escrow pursuant to an escrow agreement (the
      “Escrow Agreement”) by and among the Placement Agent, the Company and David
      Kagel, Esq. as escrow agent, and shall be paid over to the Company at the
      closing of the purchase of the Shares in the Offering (the “Closing”) to occur
      on the Closing Date.

     

    1.5 The
      certificates for the Common Stock bearing the name of the Subscriber will be
      delivered by the Company no later than thirty (30) days following the Closing
      Date. The Subscriber hereby authorizes and directs the Company to deliver the
      securities to be issued to such Subscriber pursuant to this Subscription
      Agreement to the residential or business address indicated in the Investor
      Questionnaire, as attached.

     

    1.6 The
      Purchase Price for the Shares purchased hereunder shall be paid by certified
      check, payable to Law Offices of David L. Kagel, a Professional Corporation,
      as
      escrow agent, or by wire transfer to Law Offices of David L. Kagel pursuant
      to
      the following instructions:

     

    Law
      Offices of David L. Kagel, a Professional Corporation 

    Subscription
      Escrow Account #2

    Wells
      Fargo Bank

    1801
      Avenue of the Stars

    Los
      Angeles, CA 90067

    Account
      #
      5763556098

    ABA
      #
      121000248

    

    1.7 The
      Company and/or KGE may, in their sole discretion, reject any subscription,
      in
      whole or in part, or terminate or withdraw the Offering in its entirety at
      any
      time prior to a closing in relation thereto. Neither the Company nor the
      Placement Agent shall be required to allocate among investors on a pro rata
      basis in the event of an over-subscription.

     

    2. Representations
      and Covenants of Subscriber

     

    2.1 The
      Subscriber recognizes that the purchase of Shares involves a high degree of
      risk
      in that (i) the Company will need additional capital to operate its business
      but
      has no assurance of additional necessary capital; (ii) an investment in the
      Company is highly speculative and only investors who can afford the loss of
      their entire investment should consider investing in the Company and the Shares;
      (iii) an investor may not be able to liquidate his or her investment; (iv)
      transferability of the securities comprising the Shares is extremely limited;
      (v) an investor could sustain the loss of his or her entire investment; and
      (vi)
      the Company is and will be subject to numerous other risks and uncertainties,
      including without limitation, significant and material risks relating to the
      Company’s business and the business and operations of KGE, and the industries,
      markets and geographic regions in which the Company will compete, as well as
      risks associated with the Offering, the Share Exchange and the other
      transactions contemplated herein, in the Offering Memorandum and in the Exchange
      Agreement, all as more fully set forth herein and in the Offering Memorandum.
      For the avoidance of doubt, all references to the Company in this Section 2.1
      include the Company’s business and operations after it acquires the business and
      operations of KGE through the Share Exchange. 

     

    2.2 The
      Subscriber represents that he or she is an “accredited investor” as such term is
      defined in Rule 501 of Regulation D promulgated under the Act, as indicated
      by
      his or her responses to the Investor Questionnaire, the form of which is
      attached hereto as Exhibit
      A,
      and
      that he or she is able to bear the economic risk of an investment in the Shares.
      The Subscriber must complete the applicable Investor Questionnaire to enable
      the
      Company and KGE to access the Subscriber’s eligibility for the
      Offering.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    2.3 The
      Subscriber acknowledges that he or she has prior investment experience,
      including without limitation, investment in non-listed and non-registered
      securities, or he or she has employed the services of an investment advisor,
      attorney or accountant to read all of the documents furnished or made available
      by the Company or KGE both to him and to all other prospective investors in
      the
      Shares and to evaluate the merits and risks of such an investment on his or
      her
      behalf, and that he or she recognizes the highly speculative nature of this
      investment. 

     

    2.4 The
      Subscriber acknowledges receipt and careful review of the Offering Memorandum,
      this Subscription Agreement, and the attachments hereto and thereto
      (collectively, the “Offering Documents”) and hereby represents that he or she
      has been furnished or given access by the Company or KGE during the course
      of
      this Offering with or to all information regarding the Company and KGE and
      their
      respective financial conditions and results of operations which he or she had
      requested or desired to know; that all documents which could be reasonably
      provided have been made available for his or her inspection and review; that
      he
      or she has been afforded the opportunity to ask questions of and receive answers
      from duly authorized representatives of the Company and KGE concerning the
      terms
      and conditions of the Offering, and any additional information which he or
      she
      had requested. The Subscriber further represents and acknowledges that the
      Subscriber has not seen or received any advertisement or general solicitation
      with respect to the sale of any of the securities of the Company, including,
      without limitation, the Shares.

     

    2.5 The
      Subscriber acknowledges that this Offering of Shares may involve tax
      consequences, and that the contents of the Offering Documents do not contain
      tax
      advice or information. The Subscriber acknowledges that he or she must retain
      his or her own professional advisors to evaluate the tax and other consequences
      of an investment in the Shares.

     

    2.6 The
      Subscriber acknowledges that this Offering of Shares has not been reviewed
      or
      approved by the United States Securities and Exchange Commission (“SEC”) because
      the Offering is intended to be a nonpublic offering pursuant to Section 4(2)
      of
      the Act. The Subscriber represents that the Shares are being purchased for
      his
      or her own account, for investment and not for distribution or resale to others.
      The Subscriber agrees that he or she will not sell or otherwise transfer any
      of
      the securities comprising the Shares unless they are registered under the Act
      or
      unless an exemption from such registration is available and, upon the Company’s
      request, the Company receives an opinion of counsel reasonably satisfactory
      to
      the Company confirming that an exemption from such registration is available
      for
      such sale or transfer.

     

    2.7 The
      Subscriber understands that the Shares have not been registered under the Act
      by
      reason of a claimed exemption under the provisions of the Act which depends,
      in
      part, upon his investment intention. The Subscriber realizes that, in the view
      of the SEC, a purchase now with the intention to distribute would represent
      a
      purchase with an intention inconsistent with his or her representation to the
      Company, and the SEC might regard such a distribution as a deferred sale to
      which such exemption is not available.

     

    2.8 The
      Subscriber understands that Rule 144 (the “Rule”) promulgated under the Act
      requires, among other conditions, a one year holding period prior to the resale
      (in limited amounts) of securities acquired in a non-public offering, such
      as
      the Offering, without having to satisfy the registration requirements under
      the
      Act. Except as specifically set forth in Section 4.1, the Subscriber understands
      that the Company makes no representation or warranty regarding its fulfillment
      in the future of any reporting requirements under the Securities Exchange Act
      of
      1934, as amended (the “Exchange Act”), or its dissemination to the public of any
      current financial or other information concerning the Company, as is required
      by
      Rule 144 as one of the conditions of its availability. The Subscriber consents
      that the Company may, if it desires, permit the transfer of the Shares out
      of
      his or her name only when his or her request for transfer is accompanied by
      an
      opinion of counsel reasonably satisfactory to the Company that neither the
      sale
      nor the proposed transfer results in a violation of the Act, any applicable
      state “blue sky” laws or any applicable securities laws of any other country,
      province or jurisdiction (collectively, “Securities Laws”). The Subscriber
      agrees to hold the Company, KGE and their respective directors, officers and
      controlling persons and their respective heirs, representatives, successors
      and
      assigns harmless and to indemnify them against all liabilities, costs and
      expenses incurred by them as a result of any misrepresentation made by him
      contained herein or in the Investor Questionnaire or any sale or distribution
      by
      the undersigned Subscriber in violation of any Securities Laws.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    2.9 The
      Subscriber consents to the placement of one or more legends on any certificate
      or other document evidencing his or her Shares and the Common Stock included
      in
      the Shares stating that they have not been registered under the Act and are
      subject to the terms of this Subscription Agreement, and setting forth or
      referring to the restrictions on the transferability and sale
      thereof.

     

    2.10 The
      Subscriber understands that the Company and KGE will review this Subscription
      Agreement and the Investor Questionnaire and, if the Subscriber is a natural
      person, the Company and KGE are hereby given authority by the undersigned to
      call his or her bank or place of employment. The Subscriber further authorizes
      the Company and KGE to review the financial standing of the Subscriber; and
      the
      Subscriber agrees that the Company and KGE reserve the unrestricted right to
      reject or limit any subscription and to close the offer at any
      time.

     

    2.11 The
      Subscriber hereby represents that the address of Subscriber furnished by him
      at
      the end of this Subscription Agreement and in the Investor Questionnaire is
      the
      undersigned’s principal residence if he or she is an individual or its principal
      business address if it is a corporation or other entity.

     

    2.12 The
      Subscriber acknowledges that if the Subscriber is a Registered Representative
      of
      a National Association of Securities Dealers, Inc. (“NASD”) member firm, he or
      she must give such firm the notice required by the NASD Conduct Rules, or any
      applicable successor rules of the NASD, receipt of which must be acknowledged
      by
      such firm on the signature page hereof. The Subscriber shall also notify the
      Company if the Subscriber or any affiliate of Subscriber is a registered
      broker-dealer with the SEC, in which case the Subscriber represents that the
      Subscriber is purchasing the Shares in the ordinary course of business and,
      at
      the time of purchase of the Shares, has no agreements or understandings,
      directly or indirectly, with any person to distribute the Shares or any portion
      thereof.

     

    2.13 The
      Subscriber hereby represents that, except as set forth in the Offering
      Documents, no representations or warranties have been made to the Subscriber
      by
      either the Company or KGE or their agents, employees or affiliates and in
      entering into this transaction, the Subscriber is not relying on any
      information, other than that contained in the Offering Documents and the results
      of independent investigation by the Subscriber.

     

    
      
        
        

      

      
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    2.14 The
      Subscriber agrees that he or she will purchase securities in the Offering only
      if his or her intent at such time is to make such purchase for investment
      purposes and not with a view toward resale.

     

    2.15 If
      the
      undersigned Subscriber is a partnership, corporation, trust or other entity,
      such partnership, corporation, trust or other entity further represents and
      warrants that: (i) it was not formed for the purpose of investing in the
      Company; (ii) it is authorized and otherwise duly qualified to purchase and
      hold
      the Shares; and (iii) that this Subscription Agreement has been duly and validly
      authorized, executed and delivered and constitutes the legal, binding and
      enforceable obligation of the undersigned.

     

    2.16 If
      the
      Subscriber is not a United States person, such Subscriber hereby represents
      that
      it has satisfied itself as to the full observance of the laws of its
      jurisdiction in connection with any invitation to subscribe for the Shares
      or
      any use of this Subscription Agreement, including (i) the legal requirements
      within its jurisdiction for the purchase of the Shares, (ii) any foreign
      exchange restrictions applicable to such purchase, (iii) any governmental or
      other consents that may need to be obtained, and (iv) the income tax and other
      tax consequences, if any, that may be relevant to the purchase, holding,
      redemption, sale or transfer of the Shares. Such Subscriber’s subscription and
      payment for, and his or her continued beneficial ownership of the Shares, will
      not violate any applicable securities or other laws of the Subscriber’s
      jurisdiction. 

     

    2.17 The
      undersigned hereby covenants and agrees that neither it nor any of its
      affiliates has or will have an open position (e.g., short sale) in the Common
      Stock prior to the Registration Statement (as defined below) being declared
      effective by the SEC with the intent of covering such open position with Common
      Stock being registered in the Registration Statement. The undersigned hereby
      acknowledges and understands that the SEC has taken the position that such
      an
      open position would constitute a violation of Section 5 of the Act.

     

    2.18 The
      Subscriber acknowledges that (i) the Offering Memorandum contains material,
      non-public information concerning the Company within the meaning of Regulation
      FD promulgated by the SEC, and (ii) the Subscriber is obtaining such material,
      non-public information solely for the purpose of considering whether to purchase
      the Shares pursuant to a private placement that is exempt from registration
      under the Act. In accordance with Regulation FD and other applicable provisions
      of the Securities Laws, the Subscriber agrees to keep such information
      confidential and not to disclose it to any other person or entity except the
      Subscriber’s legal counsel, other advisors and other representatives who have
      agreed (i) to keep such information confidential, (ii) to use such information
      only for the purpose set forth above, and (iii) to comply with applicable
      securities laws with respect to such information. In addition, the Subscriber
      further acknowledges that the Subscriber and such legal counsel, other advisors
      and other representatives are prohibited from trading in the Company’s
      securities while in possession of material, non-public information and agrees
      to
      refrain from purchasing or selling securities of the Company until such
      material, non-public information has been publicly disseminated by the Company.
      The Subscriber agrees to indemnify and hold harmless the Company, KGE and their
      respective officers, directors, employees and affiliates and each other person,
      if any, who controls any of the foregoing, against any loss, liability, claim,
      damage and expense whatsoever (including, but not limited to, any and all
      expenses whatsoever reasonably incurred in investigating, preparing or defending
      against any litigation commenced or threatened or any claim whatsoever) arising
      out of or based upon any false representation or warranty by the Subscriber,
      or
      the Subscriber’s breach of, or failure to comply with, any covenant or agreement
      made by the Subscriber herein or in any other document furnished by the
      Subscriber to the Company, KGE or their respective officers, directors,
      employees or affiliates or each other person, if any, who controls any of the
      foregoing in connection with this transaction.

     

    
      
        
        

      

      
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    2.19 The
      Subscriber understands and acknowledges that (i) the Shares are being
      offered and sold to Subscriber without registration under the Act in a private
      placement that is exempt from the registration provisions of the Act under
      Section 4(2) of the Act and (ii) the availability of such exemption depends
      in part on, and that the Company will rely upon the accuracy and truthfulness
      of, the foregoing representations, and such Subscriber hereby consents to such
      reliance.

     

    3. Representations
      by the Company and KGE

     

    Except
      as
      set forth in the reports filed by the Company pursuant to the Securities
      Exchange Act of 1934, as amended (the “SEC Reports”), each of the Company and,
      as applicable, KGE severally represent and warrant to the Subscriber that:
      

    

    3.1 Organization
      and Authority.
      The
      Company and KGE, and each of their respective subsidiaries, (i) is a corporation
      and company, respectively, validly existing and in good standing under the
      laws
      of the jurisdiction of its incorporation and formation, respectively, (ii)
      has
      all requisite corporate power and company power, respectively, and authority
      to
      own, lease and operate its properties and to carry on its business as presently
      conducted, and (iii) has all requisite corporate power and company power,
      respectively, and authority to execute, deliver and perform their obligations
      under this Subscription Agreement and the Offering Documents being executed
      and
      delivered by it in connection herewith, and to consummate the transactions
      contemplated hereby and thereby.

     

    3.2 Qualifications.
      The
      Company and KGE, and each of their respective subsidiaries, is duly qualified
      to
      do business as a foreign corporation and foreign company, respectively, and
      is
      in good standing in all jurisdictions where such qualification is necessary
      and
      where failure so to qualify could have a material adverse effect on the
      business, properties, operations, condition (financial or other), results of
      operations or prospects of the Company and its subsidiaries (after the effective
      time of the Share Exchange), taken as a whole.

     

    3.3 Capitalization
      of the Company.
      Immediately after the effective time of the Share Exchange (but before the
      closing of this Offering), the authorized capital stock the capitalization
      of
      the Company will consist of 100,000,000 shares of Common Stock, $0.001 par
      value
      per share and 10,000,000 shares of “blank check” Preferred Stock, par value
      $0.001 per share. Of the authorized capital stock of the Company, immediately
      after the effective time of the Share Exchange (taking into account the
      cancellation of 3,025,000 shares of the Company’s outstanding Common Stock, but
      before the closing of this Offering), there will be outstanding 2,375,000 shares
      of Common Stock, no warrants to purchase shares of Common Stock (excluding
      warrants to be issued to the Placement Agent as described in the Offering
      Documents), and no options to purchase shares of Common Stock. Except as
      disclosed in the SEC Reports or the Offering Documents, there are no additional
      outstanding options, warrants, script rights to subscribe to, calls or
      commitments of any character whatsoever relating to, or securities, rights
      or
      obligations convertible into or exchangeable for, or giving any person any
      right
      to subscribe for or acquire from the Company, any shares of Common Stock, or
      contracts, commitments, understandings or arrangements by which the Company
      or
      any subsidiary is or may become bound to issue additional shares of Common
      Stock, or securities or rights convertible or exchangeable into shares of Common
      Stock. Except as described in the Offering Documents, the issuance and sale
      of
      the Shares will not obligate the Company to issue shares of Common Stock or
      other securities to any person (other than the Subscribers) and will not result
      in a right of any holder of Company securities to adjust the exercise,
      conversion, exchange or reset price under such securities. The shares of the
      Company’s capital stock outstanding immediately after the effective time of the
      Share Exchange (but before the closing of the Offering) are or will be duly
      authorized and validly issued and are or will be fully paid and nonassessable.
      None of the outstanding shares of Common Stock or options, warrants, or rights
      or other securities entitling the holders to acquire Common Stock has been
      issued in violation of the preemptive rights of any security holder of the
      Company. No holder of any of the Company’s securities has any rights, “demand,”
“piggy-back” or otherwise, to have such securities registered by reason of the
      intention to file, filing or effectiveness of the Registration Statement (as
      defined below), except as contemplated by the Exchange Agreement. The Shares
      to
      be issued to the Subscriber have been duly authorized, and when issued and
      paid
      for in accordance with this Subscription Agreement, the Common Stock will be
      duly and validly issued, fully paid and non-assessable will be duly and validly
      issued, fully paid and non-assessable.

     

    
      
        
        

      

      
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    3.4 Authorization.
      The
      Offering Documents have been duly and validly authorized by the Company and
      KGE.
      This Subscription Agreement, assuming due execution and delivery by the
      Subscriber, when the Subscription Agreement is executed and delivered by the
      Company, will be, valid and binding obligations of the Company, enforceable
      in
      accordance with their respective terms, except as the enforceability hereof
      and
      thereof may be limited by bankruptcy, insolvency, reorganization, moratorium
      or
      other similar laws now or hereafter in effect relating to or affecting
      creditors’ rights generally and general principles of equity, regardless of
      whether enforcement is considered in a proceeding in equity or at
      law.

     

    3.5 Non-Contravention.
      The
      execution and delivery of the Offering Documents by the Company and KGE, the
      issuance of the Shares as contemplated by the Offering Documents and the
      completion by the Company and KGE of the other transactions contemplated by
      the
      Offering Documents do not and will not, with or without the giving of notice
      or
      the lapse of time, or both, (i) result in any violation of any provision of
      the
      articles of incorporation or by-laws or similar instruments of the Company
      or
      KGE or their respective subsidiaries, (ii) conflict with or result in a breach
      by the Company or KGE or their respective subsidiaries of any of the terms
      or
      provisions of, or constitute a default under, or result in the modification
      of,
      or result in the creation or imposition of any lien, security interest, charge
      or encumbrance upon any of the properties or assets of the Company or KGE or
      their respective subsidiaries, pursuant to any agreements, instruments or
      documents filed as exhibits to the SEC Reports or any indenture, mortgage,
      deed
      of trust or other agreement or instrument to which KGE or any of its
      subsidiaries is a party or by which KGE or any of its subsidiaries or any of
      its
      properties or assets are bound or affected, in any such case which would have
      a
      material adverse effect on the business, properties, operations, condition
      (financial or other), results of operations or prospects of the Company and
      KGE
      and their respective subsidiaries, taken as a whole, or the validity or
      enforceability of, or the ability of the Company or KGE to perform their
      obligations under, the Offering Documents, (iii) violate or contravene any
      applicable law, rule or regulation or any applicable decree, judgment or order
      of any court, United States federal or state regulatory body, administrative
      agency or other governmental body having jurisdiction over KGE or any of its
      subsidiaries or any of its respective properties or assets that would have
      a
      material adverse effect on the business, properties, operations, condition
      (financial or other), results of operations or prospects of the Company and
      its
      subsidiaries (after the effective time of the Share Exchange), taken as a whole,
      or the validity or enforceability of, or the ability of the Company or KGE
      to
      perform its obligations under, the Offering Documents, or (iv) have any material
      adverse effect on any permit, certification, registration, approval, consent,
      license or franchise necessary for the Company or its subsidiaries (after the
      effective time of the Share Exchange) to own or lease and operate any of its
      properties and to conduct any of its business or the ability of the Company
      or
      its subsidiaries to make use thereof.

     

    
      
        
        

      

      
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    3.6 Information
      Provided.
      The
      Company hereby represents and warrants to the Subscriber that the information
      set forth in the Offering Memorandum, the SEC Reports and any other document
      provided by the Company (or the Company’s authorized representatives) to the
      Subscriber in connection with the transactions contemplated by this Subscription
      Agreement, does not contain any untrue statement of a material fact or omit
      to
      state any material fact necessary in order to make the statements therein,
      in
      the light of the circumstances under which they are made, not misleading, it
      being understood that for purposes of this Section 3.6, any statement contained
      in such information shall be deemed to be modified or superseded for purposes
      of
      this Section 3.6 to the extent that a statement in any document included in
      such
      information which was prepared and furnished to the Subscriber on a later date
      or filed with the SEC on a later date modifies or replaces such statement,
      whether or not such later prepared and furnished or filed statement so states.
      KGE hereby represents and warrants to the Subscriber that the information set
      forth in the Offering Memorandum and any other document provided by KGE (or
      KGE’s authorized representatives) to the Subscriber in connection with the
      transactions contemplated by this Subscription Agreement, does not contain
      any
      untrue statement of a material fact or omit to state any material fact necessary
      in order to make the statements therein, in the light of the circumstances
      under
      which they are made, not misleading.

     

    3.7 Absence
      of Certain Proceedings.
      Except
      as disclosed in the SEC Reports, neither the Company nor KGE is aware of any
      action, suit, proceeding, inquiry or investigation before or by any court,
      public board or body, or governmental agency pending or threatened against
      or
      affecting the Company or KGE or any of their respective subsidiaries, in any
      such case wherein an unfavorable decision, ruling or finding would have a
      material adverse effect on the business, properties, operations, condition
      (financial or other), results of operations or prospects of the Company or
      KGE,
      or the transactions contemplated by the Offering Documents or which could
      adversely affect the validity or enforceability of, or the authority or ability
      of the Company or KGE to perform its obligations under, the Offering Documents;
      and to the Company’s and KGE’s knowledge there is not pending or contemplated
      any, and there has been no, investigation by the SEC involving the Company
      or
      KGE or any of their current or former directors or officers.

     

    3.8 Compliance
      with Law.
      Neither
      the Company nor KGE nor any of their respective subsidiaries is in violation
      of
      or has any liability under any statute, law, rule, regulation, ordinance,
      decision or order of any governmental agency or body or any court, domestic
      or
      foreign, except where such violation or liability would not individually or
      in
      the aggregate have a material adverse effect on the business, properties,
      operations, condition (financial or other), results of operations or prospects
      of the Company and its subsidiaries (after the effective time of the Share
      Exchange), taken as a whole; and to the knowledge of the Company and KGE there
      is no pending investigation that would reasonably be expected to lead to such
      a
      claim.

     

    
      
        
        

      

      
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    3.9 Tax
      Matters.
      The
      Company and KGE and each of their respective subsidiaries has filed all federal,
      state and local income and franchise tax returns required to be filed and has
      paid all taxes shown by such returns to be due, and no tax deficiency has been
      determined adversely to the Company or KGE or any of their respective
      subsidiaries which has had (nor does the Company or KGE or any of their
      respective subsidiaries have any knowledge of any tax deficiency which, if
      determined adversely to the Company or KGE or any of their respective
      subsidiaries, might have) a material adverse effect on the business, properties,
      operations, condition (financial or other), results of operations, or prospects
      of the Company or any of its subsidiaries (after the effective time of the
      Share
      Exchange), taken as a whole.

     

    4. Registration
      Rights

     

    4.1 Registration
      Requirement.
      Subject
      to the terms and limitations hereof, the Company shall file a registration
      statement on Form SB-2 or other appropriate registration document under the
      Act
      (the “Registration Statement”) for resale of the Shares, all shares held by the
      shareholders of the Company immediately prior to the Close, and those shares
      held by certain designees of the shareholder of KGE (the “Registrable
      Securities”) and shall use its reasonable best efforts to maintain the
      Registration Statement effective for a period of twenty-four (24) months at
      the
      Company’s expense (the “Effectiveness Period”). The Company shall file such
      Registration Statement no later than thirty (30) days after the Closing Date
      (the “Registration Filing Date”), and shall use reasonable best efforts to cause
      such Registration Statement to become effective within one hundred and fifty
      (150) days after the Closing Date, or one hundred eighty (180) days after the
      Closing Date if the Registration Statement is subject to a full review by the
      SEC. Subject to the conditions and limitations hereof, including the limitations
      set forth in Section 4.2, the Company’s failure to satisfy the obligations
      specified in the immediately preceding sentence shall require the Company to
      make a cash payment, as liquidated damages, to the Subscriber of 0.0333% of
      the
      Purchase Price of the Shares sold to the Subscriber under this Subscription
      Agreement for each business day of such failure. For the avoidance of doubt,
      any
      right to receive such cash payment shall be Subscriber’s sole and exclusive
      remedy for the failure of the Company to satisfy the obligations under this
      Section 4.1. 

     

    4.2 Limitation
      to Registration Requirement.
      Notwithstanding the foregoing, the Company shall not be obligated to effect
      any
      registration of the Registrable Securities or take any other action pursuant
      to
      this Section 4: (i) in any particular jurisdiction in which the Company would
      be
      required to execute a general consent to service of process in effecting such
      registration, qualification or compliance unless the Company is already subject
      to service in such jurisdiction and except as may be required by the Act, or
      (ii) during any period in which the Company suspends the rights of a subscriber
      after giving the Subscriber written notification of a Potential Material Event
      (defined below) pursuant to Section 4.6 hereof. 

     

    4.3 Expenses
      of Registration.
      Except
      as otherwise expressly set forth, the Company shall bear all expenses incurred
      by the Company in compliance with the registration obligation of the Company,
      including, without limitation, all registration and filing fees, printing
      expenses, fees and disbursements of counsel for the Company incurred in
      connection with any registration, qualification or compliance pursuant to this
      Subscription Agreement and all underwriting discounts, selling commissions
      and
      expense allowances applicable to the sale of any securities by the Company
      for
      its own account in any registration. All underwriting discounts, selling
      commissions and expense allowances applicable to the sale by Subscriber of
      Registrable Securities and all fees and disbursements of counsel for the
      Subscriber shall be borne by the Subscriber.

     

    
      
        
        

      

      
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    4.4 Indemnification.

     

    (a) To
      the
      extent permitted by law the Company will indemnify each Subscriber, each of
      its
      officers, directors, agents, employees and partners, and each person controlling
      such Subscriber, with respect to each registration, qualification or compliance
      effected pursuant to this Agreement, and each underwriter, if any, and each
      person who controls any underwriter, and their respective counsel against all
      claims, losses, damages and liabilities (or actions, proceedings or settlements
      in respect thereof) arising out of or based on (i) any untrue statement (or
      alleged untrue statement) of a material fact contained in any prospectus,
      offering circular or other document prepared by the Company (including any
      related registration statement, notification or the like) incident to any such
      registration, qualification or compliance, or (ii) any omission (or alleged
      omission) to state therein a material fact required to be stated therein or
      necessary to make the statements therein not misleading, or any violation by
      the
      Company of the Act or any rule or regulation thereunder applicable to the
      Company and relating to action or inaction required of the Company in connection
      with any such registration, qualification or compliance, and subject to the
      provisions of Section 4.4(c) below, will reimburse each such Subscriber, each
      of
      its officers, directors, agents, employees and partners, and each person
      controlling such Subscriber, each such underwriter and each person who controls
      any such underwriter, for any legal and any other expenses as they are
      reasonably incurred in connection with investigating and defending any such
      claim, loss, damage, liability or action, provided that the Company will not
      be
      liable in any such case to the extent that any such claim, loss, damage,
      liability or expense arises out of or is based on any untrue statement (or
      alleged untrue statement) or omission (or alleged omissions) based upon written
      information furnished to the Company by (or on behalf of) such Subscriber or
      underwriter, or if the person asserting any such loss, claim, damage or
      liability (or action or proceeding in respect thereof did not receive a copy
      of
      an amended preliminary prospectus or the final prospectus (or the final
      prospectus as amended and supplemented) at or before the written confirmation
      of
      the sale of such Registrable Securities to such person because of the failure
      of
      the Subscriber or underwriter to so provide such amended preliminary or final
      prospectus (or the final prospectus as amended and supplemented); provided,
      however, that the indemnity agreement contained in this subsection shall not
      apply to amounts paid in settlement of any such loss, claim, damage, liability
      or action if such settlement is effected without the consent of the Company
      (which consent shall not be unreasonably withheld), nor shall the Company be
      liable in any such case for any such loss, claim, damage, liability or action
      to
      the extent that it arises out of or is based upon a violation which occurs
      in
      reliance upon and in conformity with written information furnished expressly
      for
      use in connection with such registration by the Subscriber, any such partner,
      officer, director, employee, agent or controlling person of such Subscriber,
      or
      any such underwriter or any person who controls any such underwriter; provided,
      however, that the obligations of the Company hereunder shall be limited to
      an
      amount equal to the portion of net proceeds represented by the Registrable
      Securities pursuant to this Subscription Agreement.

     

    
      
        
        

      

      
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    (b) To
      the
      extent permitted by law, each Subscriber whose Registrable Securities are
      included in any registration, qualification or compliance effected pursuant
      to
      this Subscription Agreement will indemnify the Company, and its directors,
      officers, agents, employees and each underwriter, if any, of the Company’s
      securities covered by such a registration statement, each person who controls
      the Company or such underwriter within the meaning of the Act and the rules
      and
      regulations thereunder, each other such Subscriber and each of their officers,
      directors, partners, agents and employees, and each person controlling such
      Subscriber, and their respective counsel against all claims, losses, damages
      and
      liabilities (or actions in respect thereof) arising out of or based on any
      untrue statement (or alleged untrue statement) of a material fact contained
      in
      any such registration statement, prospectus, offering circular or other
      document, or any omission (or alleged omission) to state therein a material
      fact
      required to be stated therein or necessary to make the statements therein not
      misleading, and will reimburse the Company and such Subscribers, directors,
      officers, partners, persons, underwriters or control persons for any legal
      or
      any other expenses as they are reasonably incurred in connection with
      investigating or defending any such claim, loss, damage, liability or action,
      in
      each case to the extent, but only to the extent, that such untrue statement
      (or
      alleged untrue statement) or omission (or alleged omission) is made in such
      registration statement, prospectus, offering circular or other document in
      reliance upon and in conformity with written information furnished to the
      Company by such Subscriber; provided,
      however,
      that
      the obligations of any Subscriber hereunder shall be limited to an amount equal
      to the net proceeds to such Subscriber from Registrable Securities sold under
      such registration statement, prospectus, offering circular or other document
      as
      contemplated herein; provided, further, that the indemnity agreement contained
      in this subsection shall not apply to amounts paid in settlement of any such
      loss, claim, damage, liability or action if such settlement is effected without
      the consent of the Subscriber, which consent shall not be unreasonably withheld
      or delayed.

     

    (a) Each
      party entitled to indemnification under this Section (the “Indemnified Party”)
      shall give notice to the party required to provide indemnification (the
“Indemnifying Party”) promptly after such Indemnified Party has actual knowledge
      of any claim as to which indemnity may be sought, and shall permit the
      Indemnifying Party to assume the defense of any such claim or any litigation
      resulting therefrom, provided that counsel for the Indemnifying Party, who
      shall
      conduct the defense of such claim or any litigation resulting therefrom, shall
      be approved by the Indemnified Party (whose approval shall not unreasonably
      be
      withheld), and the Indemnified Party may participate in such defense at such
      party’s expense; and provided further that if any Indemnified Party reasonably
      concludes that there may be one or more legal defenses available to it that
      are
      not available to the Indemnifying Party, or that such claim or litigation
      involves or could have an effect on matters beyond the scope of this Agreement,
      then the Indemnified Party may retain its own counsel at the expense of the
      Indemnifying Party; and provided further that the failure of any Indemnified
      Party to give notice as provided herein shall not relieve the Indemnifying
      Party
      of its obligations under this Agreement unless and only to the extent that
      such
      failure to give notice results in material prejudice to the Indemnifying Party.
      No Indemnifying Party, in the defense of any such claim or litigation, shall,
      except with the consent of each Indemnified Party, consent to entry of any
      judgment or enter into any settlement which does not include as an unconditional
      term thereof the giving by the claimant or plaintiff to such Indemnified Party
      of a release from all liability in respect to such claim or litigation. Each
      Indemnified Party shall furnish such information regarding itself or the claim
      in question as an Indemnifying Party may reasonably request in writing and
      as
      shall be reasonably required in connection with defense of such claim and
      litigation resulting therefrom.

     

    
      
        
        

      

      
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    (b) If
      the
      indemnification provided for in this Section is held by a court of competent
      jurisdiction to be unavailable to an Indemnified Party with respect to any
      loss,
      liability, claim, damage or expense referred to herein, then the Indemnifying
      Party, in lieu of indemnifying such Indemnified Party hereunder, shall
      contribute to the amount paid or payable by such Indemnified Party as a result
      of such loss, liability, claim, damage or expense in such proportion as is
      appropriate to reflect the relative fault of the Indemnifying Party on the
      one
      hand and of the Indemnified Party on the other in connection with the statements
      or omissions which resulted in such loss, liability, claim, damage or expense
      as
      well as any other relevant equitable considerations. The relative fault of
      the
      Indemnifying Party and of the Indemnified Party shall be determined by reference
      to, among other things, whether the untrue or alleged untrue statement of a
      material fact or the omission to state a material fact relates to information
      supplied by the Indemnifying Party or by the Indemnified Party and the parties’
relative intent, knowledge, access to information and opportunity to correct
      or
      prevent such statement or omission.

     

    4.5 Transfer
      or Assignment of Registration Rights.
      The
      Registrable Securities, and any related benefits to the Subscriber hereunder
      may
      be transferred or assigned by the Subscriber to a permitted transferee or
      assignee, provided that the Company is given written notice of such transfer
      or
      assignment, stating the name and address of said transferee or assignee and
      identifying the Registrable Securities with respect to which such registration
      rights are being transferred or assigned; provided further that the transferee
      or assignee of such Registrable Securities shall be deemed to have assumed
      the
      obligations of the Subscriber under this Subscription Agreement by the
      acceptance of such assignment and shall, upon request from the Company, evidence
      such assumption by delivery to the Company of a written agreement assuming
      such
      obligations of the Subscriber.

     

    4.6 Registration
      Procedures.
      In the
      case of the registration effected by the Company pursuant to this Subscription
      Agreement, the Company will keep the Subscriber advised in writing as to the
      initiation of each registration and as to the completion thereof. The Company
      will:

     

    (a) Prepare
      and file with the SEC such amendments and supplements to such registration
      statement and the prospectus used in connection with such registration statement
      as may be necessary to comply with the provisions of the Act with respect to
      the
      disposition of securities covered by such registration statement;

     

    (b) Respond
      as promptly as reasonably practicable to any comments received from the SEC
      with
      respect to a registration statement or any amendment thereto.

     

    (c) Notify
      the Subscriber as promptly as reasonably practicable and (if requested by any
      such person) confirm such notice in writing no later than one trading day
      following the day (A) when a prospectus or any prospectus supplement or
      post-effective amendment to a registration statement is proposed to be filed
      and
      (B) with respect to a registration statement or any post-effective amendment,
      when the same has become effective; 

     

    (d) Furnish
      such number of prospectuses and other documents incident thereto, including
      supplements and amendments, as the Subscriber may reasonably request;

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    (e) Furnish
      to the Subscriber, upon request, a copy of all documents filed with and all
      correspondence from or to the SEC in connection with any such registration
      statement other than non-substantive cover letters and the like;

     

    (f) Use
      its
      reasonable best efforts to avoid the issuance of, or, if issued, obtain the
      withdrawal of (i) any order suspending the effectiveness of a registration
      statement, or (ii) any suspension of the qualification (or exemption from
      qualification) of any of the Registrable Securities for sale in any
      jurisdiction, at the earliest practicable moment; and

     

    (g) Use
      its
      reasonable best efforts to comply with all applicable rules and regulations
      of
      the SEC.

     

    Notwithstanding
      the foregoing, if at any time or from time to time after the date hereof, the
      Company notifies the Subscriber in writing of the existence of an event or
      circumstance that is not disclosed in the Registration Statement and that may
      have a material effect on the Company or its business (a “Potential Material
      Event”), the Subscriber shall not offer or sell any Registrable Securities, or
      engage in any other transaction involving or relating to the Registrable
      Securities, from the time of the giving of notice with respect to a Potential
      Material Event until the Company notifies the Subscriber that such Potential
      Material Event either has been added to the Registration Statement by amendment
      or supplement or no longer constitutes a Potential Material Event; provided,
      that
      the Company may not so suspend the right of Subscriber for more than 120 days
      in
      the aggregate. 

     

    4.7 Statement
      of Beneficial Ownership.
      The
      Company may require the Subscriber to furnish to the Company a certified
      statement as to the number of shares of Common Stock beneficially owned by
      such
      Subscriber and the controlling person thereof and any other such information
      regarding the Subscriber, the Registrable Securities held by the Subscriber
      and
      the intended method of disposition of such securities as shall be reasonably
      required with respect to the registration of the Subscriber’s Registrable
      Securities. The Subscriber hereby understands and agrees that the Company may,
      in its sole discretion, exclude the Subscriber’s shares of Common Stock from the
      Registration Statement in the event that the Subscriber fails to provide such
      information requested by the Company within the time period reasonably specified
      by the Company or is required to do so by law or the SEC.

     

    4.8 Compliance.
      Subscriber covenants and agrees that such Subscriber will comply with the
      prospectus delivery requirements of the Act as applicable to such Subscriber
      in
      connection with sales of Registrable Securities pursuant to the registration
      statement required hereunder.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    4.9 Piggy-Back
      Registrations.
      If at
      any time during the Effectiveness Period there is not an effective registration
      statement covering all of the Registrable Securities and the Company shall
      determine to prepare and file with the SEC a registration statement relating
      to
      an offering for its own account or the account of others under the Act of any
      of
      its Common Stock, other than an offering of securities issued pursuant to a
      Strategic Issuance (as defined below) and other than a Form S-4 or Form S-8
      registration statement (each as promulgated under the Act or their then
      equivalents relating to equity securities to be issued solely in connection
      with
      any business combination transaction, acquisition of any entity or business
      or
      equity securities issuable in connection with stock option or other employee
      benefit plans), then the Company shall send to the Subscriber (together with
      any
      other holders of its Common Stock possessing “piggyback registration rights”
comparable to those granted to the Subscriber hereunder (“Rightsholders”))
      written notice of such determination and, if within fifteen (15) days after
      receipt of such notice, the Subscriber shall so request in writing, the Company
      shall include in such registration statement all or any part of such Registrable
      Securities such Subscriber requests to be registered; provided that the Company
      shall not be required to register any Registrable Securities pursuant to this
      Section that are eligible for resale pursuant to Rule 144(k) promulgated under
      the Act; and provided further that the Company may, without the consent of
      the
      Subscriber, withdraw such registration statement before its becoming effective
      if the Company or other stockholders have elected to abandon the proposal to
      register the securities proposed to be registered thereunder. If the
      registration statement is being filed for an underwritten public offering,
      the
      Subscriber must timely execute and deliver the usual and customary agreement
      among the Company, such Subscriber and the underwriters relating to the
      registration including a lock-up agreement if requested by the underwriters
      with
      respect to any shares of Common Stock not included in the registration, on
      terms
      no less favorable than those agreed to by the Company, its directors and its
      officers. If the registration statement is being filed for an underwritten
      offer
      and sale by the Company of securities for its own account and the managing
      underwriters advise the Company in writing that in their opinion the offering
      contemplated by the registration statement cannot be successfully completed
      if
      the Company were to also register the Registrable Shares of the Subscriber
      requested to be included in such registration statement, then the Company will
      include in the registration: (i) first, any securities the Company proposes
      to
      sell, (ii) second, any securities of any person whose securities are being
      registered as a result of the exercise of a demand registration right, and
      (iii)
      third, that portion of the aggregate number of shares being requested for
      inclusion in the registration statement by (X) the Subscriber and (Y) all other
      Rightsholders, which in the opinion of such managing underwriters can
      successfully be sold, such number of shares to be taken pro
      rata
      from the
      Rightsholders on the basis of the total number of shares being requested for
      inclusion in the registration statement by each Rightsholder. “Strategic
      Issuance” shall mean an issuance of securities: (i) in connection with a
“corporate partnering” transaction or a “strategic alliance” (as determined by
      the Board of Directors of the Company in good faith); (ii) in connection with
      any financing transaction in respect of which the Company is a borrower; or
      (iii) to a vendor, lessor, lender, or customer of the Company, or a research,
      manufacturing or other commercial collaborator of the Company, in a transaction
      approved by the Board of Directors, provided in any case, that such issuance
      is
      not being made primarily for the purpose of avoiding compliance with this
      Subscription Agreement.

     

    5. Miscellaneous

     

    5.1 Any
      notice or other communication given hereunder shall be deemed sufficient if
      in
      writing and sent by registered or certified mail, return receipt requested,
      addressed to the Company, at 105
      Baishi Road, Jiuzhou Avenue
      Zhuhai,
      P.R.C., Attention: Mr. Ken Luo Yi with
      a copy to
      (which
      shall not constitute notice) Kirkpatrick & Lockhart Nicholson Graham LLP,
      10100 Santa Monica Blvd., Seventh Floor, Los Angeles, California 90067,
      Attention: Thomas J. Poletti, Esq., and to the Subscriber at his address
      indicated on the signature page of this Subscription Agreement. Notices shall
      be
      deemed to have been given three (3) business days after the date of mailing,
      except notices of change of address, which shall be deemed to have been given
      when received.

     

    5.2 This
      Subscription Agreement may be amended through a written instrument signed by
      the
      Subscriber, KGE and the Company; provided, however, that the terms of Section
      4
      of this Subscription Agreement may be amended without the consent or approval
      of
      the Subscriber so long as such amendment applies in the same fashion to the
      subscription agreements of all of the other subscribers for Shares in the
      Offering and at least holders of a majority of the Shares sold in the Offering
      have given their approval of such amendment, which approval shall be binding
      on
      all holders of Shares. 

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    5.3 This
      Subscription Agreement shall be binding upon and inure to the benefit of the
      parties hereto and to their respective heirs, legal representatives, successors
      and assigns. This Subscription Agreement sets forth the entire agreement and
      understanding between the parties as to the subject matter hereof and merges
      and
      supersedes all prior discussions, agreements and understandings of any and
      every
      nature among them.

     

    5.4 Notwithstanding
      the place where this Subscription Agreement may be executed by any of the
      parties hereto, the parties expressly agree that all the terms and provisions
      hereof shall be construed in accordance with and governed by the laws of the
      State of Delaware. 

     

    5.5 This
      Subscription Agreement may be executed in counterparts. It shall not be binding
      upon the Company and KGE unless and until it is accepted by the Company and
      KGE.
      Upon the execution and delivery of this Subscription Agreement by the
      Subscriber, this Subscription Agreement shall become a binding obligation of
      the
      Subscriber with respect to the purchase of Shares as herein provided; subject,
      however, to the right hereby reserved to the Company to enter into the same
      agreements with other subscribers and to add and/or to delete other persons
      as
      subscribers. This Agreement may be executed and delivered by
      facsimile.

     

    5.6 The
      holding of any provision of this Subscription Agreement to be invalid or
      unenforceable by a court of competent jurisdiction shall not affect any other
      provision of this Subscription Agreement, which shall remain in full force
      and
      effect.

     

    5.7 It
      is
      agreed that a waiver by either party of a breach of any provision of this
      Subscription Agreement shall not operate, or be construed, as a waiver of any
      subsequent breach by that same party.

     

    5.8 The
      parties agree to execute and deliver all such further documents, agreements
      and
      instruments and take such other and further action as may be necessary or
      appropriate to carry out the purposes and intent of this Subscription
      Agreement.

     

    5.9 The
      Company agrees not to disclose the names, addresses or any other information
      about the Subscribers, except as required by law, provided that the Company
      may
      provide information relating to the Subscriber as required in any registration
      statement under the Act that may be filed by the Company pursuant to the
      requirements of this Subscription Agreement. 

     

    5.10 The
      obligation of the Subscriber hereunder is several and not joint with the
      obligations of any other subscribers for the purchase of Shares in the Offering
      (the “Other Subscribers”), and the Subscriber shall not be responsible in any
      way for the performance of the obligations of any Other Subscribers. Nothing
      contained herein or in any other agreement or document delivered at the Closing,
      and no action taken by the Subscriber pursuant hereto, shall be deemed to
      constitute the Subscriber and the Other Subscribers as a partnership, an
      association, a joint venture or any other kind of entity, or create a
      presumption that the Subscriber and the Other Subscribers are in any way acting
      in concert with respect to such obligations or the transactions contemplated
      by
      this Subscription Agreement. The Subscriber shall be entitled to protect and
      enforce the Subscriber’s rights, including without limitation the rights arising
      out of this Subscription Agreement, and it shall not be necessary for any Other
      Subscriber to be joined as an additional party in any proceeding for such
      purpose. The language used in this Agreement will be deemed to be the language
      chosen by the parties to express their mutual intent, and no rules of strict
      construction will be applied against any party. The Subscriber is not acting
      as
      part of a “group” (as that term is used in Section 13(d) of the 1934 Act) in
      negotiating and entering into this Subscription Agreement or purchasing the
      Shares or acquiring, disposing of or voting any of the underlying shares of
      Common Stock. The Company hereby confirms that it understands and agrees that
      the Subscriber is not acting as part of any such group.

     

     

     

    [SIGNATURE
      PAGE FOLLOWS]

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Subscription Agreement as of
      the
      day and year first written above.

    

    
      	 	 	 	 
	 	 	 	 
	
              
Full
              Legal Name of Subscriber (Please print)	 	 	
              
Full
              Legal Name of Co-Subscriber (if applicable)
	 	 	 	 

    
      

      
        	 	 	 	 
	 	 	 	 
	
                
Signature
                of (or on behalf of) Subscriber	 	 	
                
Signature
                of or on behalf of Co-Subscriber (if applicable)
	Name:	 	 	 
	Title: 	 	 	 

      
        
          	 	 	 	 
	 	 	 	 
	
                  
Address
                  of Subscriber	 	 	
                  
Address
                  of Co-Subscriber (if applicable)
	
                	 	 	 
	 	 	 	 

          
            
              	 	 	 	 
	 	 	 	 
	
                      
Social
                      Security or Taxpayer	 	 	
                      
Social
                      Security or Taxpayer Identification
	Identification Number of Subscriber	 	 	Number
                      of
                      Co-Subscriber (if applicable)
	 	 	 	 

            

          

        

      

    

     

    

      
        
          	 	 	 	 
	 	 	 	 
	
                  
Number
                  of Shares Subscribed For	 	 	
                
	 	 	 	 
	 	 	 	 

        

      

       

    

    

      
        
          	Subscription Agreed to and
                  Accepted 	 	 	 
	 	 	 	 
	
                  SRKP
                    1, INC. 

                	 	 	FULL
                  ART
                  INTERNATIONAL, LTD. 
	 	 	 	 
	By: 	 	 	By: 
	
                  
                    

                  
 	 	 	
                  
                    

                  
 
	Name:	 	 	Name:
	
                  
                    
  

                	 	 	
                  
                    
  

                
	Title: 	 	 	Title: 
	
                  
                    
  

                	 	 	
                  
                    
  

                

        

      

       

    

    

    
      
        
        

      

      
        16

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