Document:

ex10_8.htm

    EXHIBIT
10.8

     

    DEMAND
NOTE

    January
17, 2007

     

    
      
        	RMB 1,658,275	
                 Hull,
      Massachusetts

              

      

       

    

    

    FOR VALUE RECEIVED, SinoHub, Inc. (the
“Maker”), promises to pay to Henry T. Cochran (the “Holder”) the principal sum
of One Million Six Hundred Fifty-Eight Thousand Two Hundred and Seventy-Five RMB
on January 16, 2008, together with interest at a rate of 7.69% per annum
compounded annually unless the Holder makes a demand for full or partial
repayment at an earlier date. The Holder may, at any time, demand repayment of
any amount of the principal remaining on this note and such payment will be made
by Maker within ten (10) days plus all interest due on said amount. All payments
by the Maker under this Note shall be in immediately available
funds.

    

    This Note shall become immediately due
and payable without notice or demand upon the occurrence at any time of any of
the following events of default (individually, “an Event of Default” and
collectively, “Events of Default”):

    

    
      	
               
      

            	
              (1)

            	
              default
      in the payment or performance of this or any other liability or obligation
      of the Maker to the Holder, including the payment when due of any
      principal, premium or interest under this
Note;

            

    

    

    
      	
               
      

            	
              (2)

            	
              the
      liquidation, termination of existence, dissolution, insolvency or business
      failure of the Maker, or the appointment of a receiver or custodian for
      the Maker or any part of its property;
or

            

    

    

    
      	
               
      

            	
              (3)

            	
              the
      institution by or against the Maker or any indorser or guarantor of this
      Note of any proceedings under the United States Bankruptcy Code or any
      other federal or state bankruptcy, reorganization, receivership,
      insolvency or other similar law affecting the rights of creditors
      generally or the making by the Maker or any indorser or guarantor of this
      Note of a composition or an assignment or trust mortgage for the benefit
      of creditors.

            

    

    

    Upon the
occurrence of an Event of Default, the Holder shall have then, or at any time
thereafter, all of the rights and remedies afforded by the Uniform Commercial
Code as from time to time in effect in the Commonwealth of Massachusetts or
afforded by other applicable law.

    

    Every
amount overdue under this Note shall bear interest from and after the date on
which such amount first became overdue at a rate of 10% per annum. Such interest
on overdue amounts under this Note shall be payable on demand and shall accrue
and be compounded monthly until the obligation of the Maker with respect to the
payment of such interest has been discharged (whether before or after
judgment).

    

    In no
event shall any interest charged, collected or reserved under this Note exceed
10% per annum and if any such payment is paid by the Maker, then such excess sum
shall be credited by the Holder as a payment of principal.

    

    All
payments by the Maker under this Note shall be made without setoff or
counterclaim and be free and clear and without any deduction or withholding for
any taxes or fees of any nature whatever, unless the obligation to make such
deduction or withholding is imposed by law. The Maker shall pay and save the
Holder harmless from all liabilities with respect to or resulting from any delay
or omission to make any such deduction or withholding required by
law.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Whenever
any amount is paid under this Note, all or part of the amount paid may be
applied to principal, premium or interest in such order and manner as shall be
determined by the Holder in its discretion.

    

    No
reference in this Note to any guaranty or other document shall impair the
obligation of the Maker, which is absolute and unconditional, to pay all amounts
under this Note strictly in accordance with the terms of this Note.

    

    The Maker
agrees to pay on demand all costs of collection, including reasonable attorneys’
fees, incurred by the Holder in enforcing the obligations of the Maker under
this Note.

    

    No delay
or omission on the part of the Holder in exercising any right under this Note
shall operate as a waiver of such right or of any other right of the Holder, nor
shall any delay, omission or waiver on any one occasion be deemed a bar to or
waiver of the same or any other right on any future occasion. The Maker and
every indorser or guarantor of this Note regardless of the time, order or place
of signing waives presentment, demand, protest and notices of every kind of
assents to any extension or postponement of the time of payment or any other
indulgence, to any substitution, exchange or release of collateral, and to the
addition or release of any other party or person primarily or secondarily
liable.

    

    This Note
may be prepaid in whole or in part at any time or from time to time without the
consent of the Holder. Any such prepayment shall be without premium or
penalty.

    

    The Maker
agrees that the funds provided by this Note shall be deposited in a bank account
in the People’s Republic of China and shall be used exclusively to support the
payment of VAT advances to the PRC Customs Office against goods in hand based on
duly executed service agreements and orders from bona fide customers of
SinoHub.

    

    None of
the terms or provisions of this Note may be excluded, modified or amended except
by a written instrument duly executed on behalf of the Holder expressly
referring to this Note and setting forth the provision so excluded, modified or
amended.

    

    All
rights and obligations hereunder shall be governed by the laws of the
Commonwealth of Massachusetts and this Note is executed as an instrument under
seal.

     

     

    
      
        	 	By:	/s/
      Lei Xia
	 	 	President
	 	 	SinoHub,
      Inc.ex10-94.htm

    Exhibit
10.94

     

    FIRST
AMENDMENT TO THE

    REGISTRATION
RIGHTS AGREEMENT

    

    This First Amendment to The
Registration Rights Agreement (this “Agreement”)
is made and entered into as of May 8, 2008, to be effective as of December 21,
2007 (the “Effective
Date”), by and between XA,
Inc., a Nevada corporation (“XA”)
and Sands
Brothers Venture Capital LLC, Sands
Brothers Venture Capital II LLC, Sands
Brothers Venture Capital IV LLC,  and Katie &
Adam Bridge Partners, L.P. (each a “Purchaser”
and collectively the “Purchasers”),
each individually a “Party”
and collectively the “Parties.”

    

    W I T N E S S E T H:

    

    WHEREAS, on or around June 22,
2007, the Purchasers entered into a Securities Purchase Agreement, pursuant to
which XA sold certain convertible promissory notes and warrants (the “Securities”)
to purchase shares of XA’s common stock to the Purchasers (the “Prior
Purchase Agreement”);

    

    WHEREAS, the Prior Purchase
Agreement included a Registration Rights Agreement which the Purchasers entered
into with XA to register the shares of common stock issuable to the Purchasers
in connection with the conversion of and/or exercise of the Securities (the
“Prior
Registration Rights Agreement”);

    

    WHEREAS, Sands Brothers
Venture Capital III LLC (“Sands
Brothers III”) entered into a Registration Rights Agreement with XA on or
around December 21, 2007 (the “Sands
Brothers III Rights Agreement”), which replaced and superseded the terms
of the Prior Registration Rights Agreement, to which Sands Brothers III was also
a party, and extended the filing and effectiveness deadlines of such Prior
Registration Rights Agreement;

    

    WHEREAS, a negotiated term and
provision of the Sands Brothers III December 2007 funding was the amendment of
the filing and effectiveness dates with the Purchasers of the terms and
conditions of the Prior Registration Rights Agreement;

    

    WHEREAS, the Purchases now
desire to enter into this Agreement with XA, pursuant to which such Purchasers
agree to be bound by the terms and conditions of the Sands Brother III Rights
Agreement; and

    

    NOW, THEREFORE, in
consideration for the promises and pledges contained below and other good and
valuable consideration, which consideration the Parties acknowledge receipt of,
and the premises and the mutual covenants, agreements, and considerations herein
contained, the Parties hereto agree as follows:

    

    
      	
              1.

            	
              Amendment To The Prior
      Registration Rights Agreement
Terms.

            

    

    

    The
Purchasers each individually agree that from the Effective Date of this
Agreement forward, the terms of the Prior Registration Rights Agreement to which
they are a party will have and XA will be bound to, substantially similar terms
(including filing dates and effectiveness dates) as the Sands Brothers III
Rights Agreement, as if each of the Purchasers was a party to such Sands
Brothers III Rights Agreement, and the terms and conditions of the Prior
Registration Rights Agreement shall be amended by and superseded by the terms of
the Sands Brothers III Rights Agreement (the “Amendment”).

    

    
      	
               
      

            	
              The
      Purchasers confirm that they received valid consideration from the
      Amendment.

            

    

    

    
      	
               
      

            	
              XA
      confirms that it will receive valid consideration from the
      Amendment.

            

    

     

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    
 

    
      	
              2.

            	
              Miscellaneous.

            

    

    

    
      	
               
      

            	
              (a)

            	
              Assignment.  All
      of the terms, provisions and conditions of this Agreement shall be binding
      upon and shall inure to the benefit of and be enforceable by the Parties
      hereto and their respective successors and permitted
    assigns.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Applicable
      Law.  This Agreement shall be construed in accordance
      with and governed by the laws of the State of New York, excluding any
      provision of this Agreement which would require the use of the laws of any
      other jurisdiction.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Entire Agreement,
      Amendments and Waivers.  This Agreement constitutes the
      entire agreement of the Parties hereto and expressly supersedes all prior
      and contemporaneous understandings and commitments, whether written or
      oral, with respect to the subject matter hereof.  No variations,
      modifications, changes or extensions of this Agreement or any other terms
      hereof shall be binding upon any Party hereto unless set forth in a
      document duly executed by such Party or an authorized agent or such
      Party.

            

    

    

    
      	
               
      

            	
              (d)

            	
              Waiver. No
      failure on the part of any Party to enforce any provisions of this
      Agreement will act as a waiver of the right to enforce that
      provision.

            

    

    

    
      	
               
      

            	
              (e)

            	
              Section
      Headings. Section headings are for convenience only and shall not
      define or limit the provisions of this
  Agreement.

            

    

    

    
      	
               
      

            	
              (f)

            	
              Effect of Facsimile
      and Photocopied Signatures. This Agreement may be executed in
      several counterparts, each of which is an original.  It shall
      not be necessary in making proof of this Agreement or any counterpart
      hereof to produce or account for any of the other
      counterparts.  A copy of this Agreement signed by one Party and
      faxed to another Party shall be deemed to have been executed and delivered
      by the signing Party as though an original.  A photocopy of this
      Agreement shall be effective as an original for all
    purposes.

            

    

    

    

    

    

    

    [Remainder
of page left intentionally blank.  Signature page
follows.]

            

     

     

     

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

     

     

    This
Agreement has been executed by the Parties on the date first written above, with
an Effective Date as provided above.

    

     

    XA, Inc.

    

    
 

    /s/
joseph wagner

    Joseph
Wagner

    Chief
Executive Officer

    

    

    

    
    

    

    
      
        	
                Purchasers:

              
	 
      	 
      
	
                Sands Brothers Venture
      Capital LLC

              	
                Sands Brothers Venture Capital II
      LLC

              
	 
      	 
      
	
                By:
      /s/ scott
      baily

              	
                By:
      /s/ scott
      baily

              
	
                Its:
      coo

              	
                Its:
      coo

              
	
                Printed
      Name: scott baily

              	
                Printed
      Name: scott baily

              
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
                Sands Brothers Venture
      Capital IV LLC

              	
                Katie & Adam
      Bridge Partners, L.P.

              
	 
      	 
      
	
                By:
      /s/ scott
      baily

              	
                By:
      /s/ scott
      baily

              
	
                Its:
      coo

              	
                Its:
      coo

              
	
                Printed
      Name: scott baily

              	
                Printed
      Name: scott baily

              
	 
      	 
      
	 
      	 
      

      

     

    

    

    
      
        
        

      

      
        -3-

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