Document:

Unassociated Document

     

    Exhibit
10.1

     

     

    
    

     

    
      	Gulf
      Resources, Inc.       
              David
      Wong, VP of Finance 

              E-mail:
      davidw@gulfresourcesinc.cn
      

              gfre.2008@yahoo.com    

            	CCG Investor
      Relations
      
              Mr. Crocker Coulson, President

              Phone: +1-646-213-1915

              E-mail: crocker.coulson@ccgir.com   

            
	 	 
	Helen Xu
      
              E-mail: xuhy@gulfresourcesinc.cn
      

              beishengrong@163.com
      

              Website:
      http://www.gulfresourcesinc.cn/    

            	Ms. Linda Salo,
      Financial Writer
      
              Phone: +1-646-922-0894

              E-mail: linda.salo@ccgir.com

              Website: http://www.ccgirasia.com/     

            

    

     

    Gulf
Resources Appoints David Wong  as

    
      Vice
President of Finance

       

      New York & Shandong Province,
July 31, 2009 - Gulf Resources, Inc. (OTC BB: GFRE) (“Gulf Resources” or
the “Company”), a leading manufacturer of bromine, crude salt and specialty
chemical products in China, today announced that the Company appointed Mr. David
Wong to serve as Vice President of Finance, effective August 1, 2009. His
responsibilities will include corporate consolidated financial reporting with
U.S GAAP compliance and reconciliation, financial planning and analysis, and
strategic communication with the investment community.  Mr. Wong will
be the Company’s primary investor relations contact and will also be involved in
business development.

      

      Mr. Wong
has rich experience in corporate risk control and financial planning and
analysis. Since January 2007, he served as finance manager of the Asia Pacific
headquarters of a NYSE-listed, Fortune 500 diversified global manufacturing and
technology company, where he was primarily responsible for Sarbannes
Oxley  compliance, system audits and risk management, internal
controls over risks as well as consolidated financial reporting. Prior to that,
he was regional finance manager of the South China Manufacturing division of the
same Fortune 500 company, where he was tasked with strengthening the internal
control system, applying corporate accounting principles and practices,
financial forecasting and budgeting. From June 2000 to December 2004, Mr. Wong
served as finance senior supervisor and finance assistant manager of the South
China Manufacturing division of a NASDAQ-listed electronics manufacturing
services provider based in Singapore.  He graduated from Hunan
University with a major in International Accounting and he holds the following
certifications: Certified Management Accountant (USA), Certified Production
& Inventory Management (USA), and China Certified Accountant. Mr. Wong is
fluent in both Mandarin and English.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       “We
are pleased to welcome David to our team as we seek to strengthen our financial
reporting, disclosure and planning,” said Xiaobin Liu, Chief Executive Officer
of Gulf Resources. “Not only are we are benefiting from his extensive experience
in financial planning and analysis, internal risk assessment and disclosure at
positions with leading multinational companies, but also from his outstanding
bilingual communication skills that will further enhance Gulf Resources’
transparency in the capital markets.”

      

      About
Gulf Resources, Inc.

      

      Gulf
Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City
Haoyuan Chemical Company Limited (“SCHC”) and Shouguang Yuxin Chemical Industry
Co., Limited (“SYCI”). The Company believes that it is one of the largest
producers of bromine in China. Elemental Bromine is used to manufacture a wide
variety of compounds utilized in industry and agriculture. Through SYCI, the
Company manufactures chemical products utilized in a variety of applications,
including oil & gas field explorations and as papermaking chemical agents.
For more information about the Company, please visit www.gulfresourcesinc.cn.

      

      Forward-Looking
Statements

      

      Certain
statements in this news release contain forward-looking information about Gulf
Resources and its subsidiaries business and products within the meaning of Rule
175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange
Act of 1934, and are subject to the safe harbor created by those rules. The
actual results may differ materially depending on a number of risk factors
including, but not limited to, the general economic and business conditions in
the PRC, future product development and production capabilities, shipments to
end customers, market acceptance of new and existing products, additional
competition from existing and new competitors for bromine and other oilfield and
power production chemicals, changes in technology, the ability to make future
bromine asset purchases, and various other factors beyond its control. All
forward-looking statements are expressly qualified in their entirety by this
Cautionary Statement and the risks factors detailed in the Company's reports
filed with the Securities and Exchange Commission. Gulf Resources undertakes no
duty to revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.

      

      

      ###EXHIBIT 4.1 

FORM OF WARRANT 

THIS WARRANT HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY
STATE SECURITIES LAWS, AND HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW
TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR
DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED
THERETO OR AN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO THE COMPANY, THAT
SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT. 

	Warrant No.:EMP-100(R) 	
      Number of Shares:100,000
  

Date of Issuance: March 9, 2000

GERON CORPORATION

COMMON STOCK WARRANT AGREEMENT 

Geron Corporation (the “Company”), for
value received, hereby certifies that Eve M. Patton or her registered assigns
(in accordance with Section 3 below) (the “Registered Holder”), is entitled,
subject to the terms set forth below, to purchase from the Company, at any time
after the date hereof and on or before the Expiration Date (as defined in
Section 6 below), up to 100,000 shares of Common Stock of the Company, as
adjusted from time to time pursuant to the terms of this Common Stock Warrant
Agreement (“Warrant”), at a purchase price of $12.50 per share. The shares
purchasable upon exercise of this Warrant are hereinafter referred to as the
“Warrant Stock.” The exercise price per share of Warrant Stock is hereinafter
referred to as the “Purchase Price.” In connection with the issuance of this
Warrant, the Common Stock Warrant Agreement, Warrant No. EMP-100 has been
canceled.

     1. EXERCISE. 

        (a)
MANNER OF EXERCISE. This Warrant may be exercised by the Registered Holder, in whole or in
part, provided that in no event shall partial exercise be for less than 20,000
Warrant Shares, by surrendering this Warrant, with the purchase form appended
hereto as Exhibit A duly executed by such Registered Holder or by such Registered
Holder’s duly authorized attorney-in-fact, at the principal office of the
Company, or at such other office or agency as the Company may designate,
accompanied by payment in full by cash, check or wire transfer of the Purchase
Price payable in respect of the number of shares of Warrant Stock purchased upon
such exercise. 

        (b) EFFECTIVE TIME OF EXERCISE. The exercise of this Warrant
shall be deemed to have been effected immediately prior to the close of business
on the day on which this Warrant shall have been surrendered to the Company,
with payment of the applicable Purchase Price, as provided in Section 1(a)
above. At such time, the person or persons in whose name or names any
certificates for Warrant Stock shall be issuable upon such exercise as provided
in Section 1(c) below shall be deemed to have become the holder or holders of
record of the Warrant Stock represented by such certificates. 

        (c) DELIVERY TO REGISTERED
HOLDER.
As soon as practicable after the exercise
of this Warrant, and in any event within ten (10) business days thereafter, the
Company at its expense will cause to be issued in the name of, and delivered to,
the Registered Holder, or as such Registered Holder (upon payment by such
Registered Holder of any applicable transfer taxes) may direct, a certificate or
certificates for the number of shares of Warrant Stock to which such Registered
Holder shall be entitled. 

     2. CERTAIN ADJUSTMENTS. 

        (a) MERGERS AND
CONSOLIDATIONS. If at any time there shall be a
merger or consolidation of the Company with another corporation, then, as a part
of such merger or consolidation, lawful provision shall be made so that the
Registered Holder shall thereafter be entitled to receive upon exercise of this
Warrant during the period specified in this Warrant and upon payment of the
Purchase Price, the number of shares of stock or other securities or property of
the Company or the successor corporation resulting from such merger or
consolidation, to which a holder of the Common Stock deliverable upon exercise
of this Warrant would have been entitled under the provisions of the agreement
in such merger or consolidation if this Warrant had been exercised immediately
before that merger or consolidation. In any such case, appropriate adjustment
(as determined in good faith by the Company’s Board of Directors) shall be made
in the application of the provisions of this Warrant with respect to the rights
and interests of the Registered Holder after the merger or consolidation to the
end that the provisions of this Warrant (including adjustment of the Purchase
Price then in effect and the number of shares of Warrant Stock) shall be
applicable after that event, as near as reasonably may be, in relation to any
shares or other property deliverable after that event upon exercise of this
Warrant. 

        (b) SPLITS, SUBDIVISIONS AND
DIVIDENDS. In the event the Company should
at any time or from time to time fix a record date for the effectuation of a
split or subdivision of the outstanding shares of Common Stock or the
determination of the holders of Common Stock entitled to receive a dividend or
other distribution payable in additional shares of Common Stock or other
securities or rights convertible into, or entitling the holder thereof to
receive directly or indirectly, additional shares of Common Stock (hereinafter
referred to as the “Common Stock Equivalents”) without payment of any
consideration by such holder for the additional shares of Common Stock or Common
Stock Equivalents (including the additional shares of Common Stock issuable upon
conversion or exercise thereof), then, as of such record date (or the date of
such distribution, split or subdivision if no record date is fixed), the per
share Purchase Price shall be appropriately decreased and the number of shares
of Warrant Stock shall be appropriately increased in proportion to such increase
(or potential increase) of outstanding shares.

        (c) COMBINATION OF
SHARES. If the number of shares of
Common Stock outstanding at any time after the date hereof is decreased by a
combination of the outstanding shares of Common Stock, the per share Purchase
Price shall be appropriately increased and the number of shares of Warrant Stock
shall be appropriately decreased in proportion to such decrease in outstanding
shares. 

        (d) ADJUSTMENT
CERTIFICATE. When any adjustment is required to be made in the securities issuable
upon exercise of this Warrant, the Company shall mail to the Registered Holder a
certificate setting forth a statement of the facts requiring such adjustment.
Such certificate shall also set forth the kind and amount of stock or other
securities or property into which this Warrant shall be exercisable following
the occurrence of any of the events specified in this Section 2. 

     3. TRANSFER
RESTRICTIONS;
REPRESENTATIONS.

        (a) The Registered Holder acknowledges that this Warrant and
the Warrant Stock have not been registered under the Securities Act, and agrees
not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose
of this Warrant or any Warrant Stock issued upon its exercise in the absence of
an opinion of counsel, reasonably satisfactory to the Company, that registration
and qualification are not required. Subject to the foregoing, the Company hereby
consents to transfer by the Registered Holder to (i) Noel Thomas Patton, (ii)
the immediate family members (i.e. parents, siblings or children, thereof) of
the Registered Holder or Noel Thomas Patton, or (iii) entities controlled by the
Registered Holder or Noel Thomas Patton or their immediate family members,
provided that the transferee certifies to the Company that it is an “accredited
investor” as defined in Rule 501 under the Securities Act and agrees to be bound
by the terms of this Warrant. It is understood and agreed that this provision
does not apply to, or limit the sale, pledge, distribution, offers for sale,
transfer or other disposition of Warrant Stock after any exercise thereof
pursuant to Section 1 hereof.

        (b) The Registered Holder hereby further represents and
warrants to the Company with respect to the issuance of the Warrant and the
purchase of the Warrant Stock as follows: 

             (i) PURCHASE ENTIRELY FOR OWN ACCOUNT. This Warrant is issued to the Registered Holder in reliance
upon such Registered Holder’s representation to the Company, which by such
Registered Holder’s execution of this Warrant such Registered Holder hereby
confirms, that the Warrant and the Warrant Stock will be acquired for investment
for such Registered Holder’s own account, not as a nominee or agent, and not
with a view to the resale or distribution of any part thereof, and that such
Registered Holder has no present intention of selling, granting any
participation in, or otherwise distributing the same. 

             (ii)
KNOWLEDGE AND EXPERIENCE;
ABILITY TO
BEAR ECONOMIC RISKS.
The Registered Holder has such knowledge
and experience in financial and business matters that it is capable of
evaluating the merits and risks of the investment contemplated by this Warrant
and such party is able to bear the economic risk of its investment in the
Company (including a complete loss of its investment). The Registered Holder is
and will continue to be an “accredited investor” as defined by Rule 501 of the
Securities Act. 

             (iii) RESALE. The Registered Holder understands that the Warrant being
issued hereunder and the Warrant Stock to be purchased hereunder are
characterized as “restricted securities” under the federal securities laws
inasmuch as they are being acquired from the Company in a transaction not
involving a public offering and that under such laws and applicable regulations,
such securities may be resold without registration under the Securities Act only
in certain circumstances. In this regard, the Registered Holder represents that
she is familiar with Rule 144 under the Securities Act, and understands the
resale limitations imposed thereby and by the Securities Act. 

             (iv) LEGENDS. The Registered Holder acknowledges that all stock certificates
representing shares of stock issued to the Registered Holder upon exercise of
this Warrant may, if such Warrant Stock is not registered under the Securities
Act, have affixed thereto a legend substantially in the following form:

                  (x) “THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
SECURITIES LAWS. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED
OR OTHERWISE TRANSFERRED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT
TO THE SECURITIES UNDER SUCH SECURITIES ACT OR AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS
SOLD PURSUANT TO AN EXEMPTION TO SUCH SECURITIES ACT.” 

                  (y) Any legend required by the laws of any state in which the
securities will be issued. 

        (c) Subject to the provisions of Section 3(a) hereof, this
Warrant and all rights hereunder are transferable in whole or in part upon
surrender of the Warrant with a properly executed assignment (in the form of
Exhibit B hereto) at the principal office of the Company, provided that in no
event shall such transfer be for less than 20,000 Warrant Shares. 

        (d) The Company will maintain a register containing the names
and addresses of the Registered Holders of this Warrant. Any Registered Holder
may change such Registered Holder’s address as shown on the warrant register by
written notice to the Company requesting such change. 

        (e) The Company hereby represents and warrants to the
Registered Holder as follows: 

             (i) The Company is a corporation validly existing and in good
standing under the laws of the State of Delaware. 

             (ii) The Company has requisite corporate right, power and
authority (including the due authorization by all necessary corporate action) to
enter into this Warrant and to perform its obligations hereunder without the
need for the consent of any other person; and this Warrant has been duly
authorized, executed and delivered and constitutes legal, valid and binding
obligations of the Company enforceable against it in accordance with the terms
hereof. The execution, delivery and performance of this Warrant by the Company
do not contravene or violate any laws, rules or regulations applicable to it.

             (iii) The Company has taken such corporate action as is
necessary or appropriate to enable it to perform its obligations hereunder,
including, but not limited to, the issuance, sale and delivery of the Warrant.

             (iv) The Warrant Stock, when issued and paid for in compliance
with the provisions of this Warrant, will be validly issued, fully paid and
non-assessable. 

     4.
NO
IMPAIRMENT.
The Company will not, by amendment of its
charter or through reorganization, consolidation, merger, dissolution, sale of
assets or any other voluntary action, avoid or seek to avoid the observance or
performance of any of the terms of this Warrant, but will assist in the carrying
out of all such terms and in the taking of all such action as may be necessary
or appropriate in order to fulfill its obligations hereunder.

     5. TERMINATION.
This Warrant (and the right to purchase
securities upon exercise hereof) shall terminate on March 9, 2012 (the
“Expiration Date”). 

     6. NOTICES OF CERTAIN TRANSACTIONS. In the event that:

        (a) the Company shall take a record of the holders of its
Common Stock (or other stock or securities at the time deliverable upon the
exercise of this Warrant) for the purpose of entitling or enabling them to
receive any dividend or other distribution, or any right to subscribe for,
purchase or otherwise acquire any shares of stock of any class or any other
securities or property, or to receive any other right; or 

        (b) the Company shall effect any consolidation or merger of
the Company with or into another corporation (other than a consolidation or
merger in which the Company is the surviving entity), or any transfer of all or
substantially all of the assets of the Company, or 

        (c) the Company voluntarily or involuntarily dissolves,
liquidates or winds-up its business or affairs, 

then, and in each such case, the
Company will mail or cause to be mailed to the Registered Holder of this Warrant
a notice specifying, as the case may be, (i) the date on which a record is to be
taken for the purpose of such dividend, distribution or right, and stating the
amount and character of such dividend, distribution or right, and (ii) the
effective date on which such reorganization, reclassification, consolidation,
merger, transfer, dissolution, liquidation or winding-up is expected to take
place, and the record date for determining shareholders entitled to vote
thereon. Such notice shall be mailed at least ten (10) calendar days prior to
the record date or effective date for the event specified in such notice.

     7.
RESERVATION OF
STOCK. The Company shall at all times reserve and keep available,
solely for the issuance and delivery upon the exercise of this Warrant, such
shares of Warrant Stock or other stock or securities, as from time to time shall
be issuable upon the exercise of this Warrant. 

     8.
EXCHANGE OF WARRANTS.
Upon the surrender by the Registered Holder
of any Warrant, properly endorsed, to the Company at the principal office of the
Company, the Company will, subject to the provisions of Section 3(a) hereof,
issue and deliver to permitted individuals under Section 2.1(g) of that certain
Securities Purchase Agreement, dated as of even date herewith, by and between
the Company and the Registered Holder, at the Company’s expense, a new warrant
in a form substantially similar to this Warrant, in the name of such Registered
Holder or as such Registered Holder (upon payment by such Registered Holder of
any applicable transfer taxes) may direct, calling in the aggregate on the face
thereof for the number of shares of Common Stock called for on the face of the
Warrant so surrendered. 

     9.
REPLACEMENT OF WARRANTS. Upon receipt of evidence
reasonably satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant and, in the case of loss, theft or destruction, upon
delivery of an indemnity agreement, with surety if reasonably required, in an
amount reasonably satisfactory to the Company, or, in the case of mutilation,
upon surrender and cancellation of this Warrant, the Company will issue, in lieu
thereof, a new warrant in a form substantially similar to this Warrant.

     10.
MAILING OF
NOTICES. Any notice required or permitted by this Warrant shall be in
writing and shall be deemed sufficient upon receipt, when delivered personally
or by a nationally-recognized delivery service (such as Federal Express or UPS)
or confirmed facsimile, or forty-eight (48) hours after being deposited in the
U.S. mail as certified or registered mail with postage prepaid, if such notice
is addressed to the party to be notified at such party’s address or facsimile
number as set forth on the warrant register or as subsequently modified by
written notice. 

     11.
NO
RIGHTS
AS
STOCKHOLDER.
Until the exercise of this Warrant, the
Registered Holder of this Warrant shall not have or exercise any rights by
virtue hereof as a stockholder of the Company (including without limitation the
right to notification of stockholder meetings or the right to receive any notice
or other communication concerning the business or affairs of the Company).

     12.
AMENDMENT OR
WAIVER. Any term of this
Warrant may be amended or waived only by an instrument in writing signed by the
party against which enforcement of the amendment or waiver is sought.

     13.
HEADINGS. The headings in this Warrant are
for purposes of reference only and shall not limit or otherwise affect the
meaning of any provision of this Warrant. 

     14.
SUCCESSORS AND
ASSIGNS.
The terms and provisions of this Warrant
shall inure to the benefit of, and be binding upon, the Company and the
Registered Holder and their respective permitted successors and assigns (in the
case of the Registered Holder, in accordance with Section 3(a) hereof).

     16.
GOVERNING LAW. This Warrant shall be governed, construed and interpreted in
accordance with the laws of the State of California, without giving effect to
principles of conflicts of law thereof. 

	 	GERON
      CORPORATION  
		  
		  
		By: 
    	      	/s/ Thomas B. Okarma  	 
		  		Name:
      Thomas B. Okarma  
		  		Title:
      Chief Executive Officer  
		  
		  
		Dated:
      April 13, 2009  

EXHIBIT A 

PURCHASE FORM 

To: GERON CORPORATION 

Date:
___________________

     The undersigned, pursuant to the
provisions set forth in the attached Warrant, hereby irrevocably elects to
purchase ___________ shares of the Common Stock covered by such Warrant and
herewith makes payment of $___________, representing the full purchase price for
such shares at the price per share provided for in such Warrant. 

     The
undersigned hereby affirms and acknowledges the investment representations and
warranties made in the Warrant are true and correct as of the date hereof, and
accepts such shares subject to the restrictions of the Warrant, copies of which
are available from the Secretary of the Company. 

Signature:
_______________________________________

Name: 

Title: 

Address: 

EXHIBIT B 

ASSIGNMENT FORM 

FOR VALUE RECEIVED, _____________________ hereby sells,
assigns and transfers all of the rights of the undersigned under the attached
Warrant with respect to the number of shares of Common Stock covered thereby set
forth below, unto: 

	NAME OF
      ASSIGNEE  	ADDRESS  	No. OF
      SHARES  

Signature:
_______________________________________

Witness:
________________________________________

Dated:
_____________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}]]