Document:

Exhibit
      10.1

     

     

    AMERICAN
      MEDICAL ALERT CORP.

    2005
      STOCK INCENTIVE PLAN 

     

    STOCK
      PURCHASE AGREEMENT

     

    STOCK
      PURCHASE AGREEMENT, dated as of December 31, 2007, by and between American
      Medical Alert Corp., a New York corporation (the "Company"),
      and
      Frederic Siegel, having an address at _____________________
      (the "Holder").

     

     

    W
      I T N E S S E T H: 

     

    WHEREAS,
      the Company has adopted the 2005 Stock Incentive Plan (the "Plan");

     

    WHEREAS,
      the Company regards Holder as a valuable contributor to the Company and has
      determined that it would be in the interest of the Company and the shareholders
      of the Company to grant the shares provided for in this Agreement to Holder
      in
      consideration of the services he has or will perform for the
      Company;

     

    WHEREAS,
      pursuant to the Plan, the Administrator has determined that the Holder is
      entitled to a grant of shares, subject to the terms of the Plan and this
      Agreement (the defined terms in such Plan shall, except as otherwise provided
      herein, also be applicable to such terms as utilized herein); and

     

    WHEREAS,
      each party hereto desires to enter into this Agreement.

     

    NOW,
      THEREFORE, in consideration of the mutual covenants and promises contained
      herein, and for other valuable consideration, the receipt and sufficiency of
      which is hereby acknowledged, the parties hereto agree as follows:

     

    1. Award
      of Restricted Shares.
      (a)
      Subject to the restrictions, terms and conditions of this Agreement, the Company
      hereby awards to the Holder Twenty Two Thousand (22,000) shares of Common Stock
      (the "Restricted
      Shares")
      in
      consideration of services actually rendered and to be rendered to the Company
      by
      Holder. Such Restricted Shares shall be subject to the Repurchase Right with
      respect to Unvested Shares (as hereinafter defined) as set forth in Section
      4
      herein. The Company and Holder acknowledge and agree that the value of the
      services actually rendered to the Company prior to the date hereof by the Holder
      as consideration for the issuance of the Restricted Shares exceeds
      $220.00.

     

    (b) The
      Restricted Shares, when issued pursuant to the provisions hereof, shall
      constitute issued and outstanding shares of Common Stock for all corporate
      purposes. Subject to the restrictions set forth herein, the Holder will have
      the
      right to exercise all rights, powers and privileges of a holder of Common Stock
      with respect to the Restricted Shares, including the right to vote, receive
      stock or cash dividends (but subject to the Repurchase Right with respect to
      Unvested Shares), participate in stock splits or other recapitalizations and
      exchange such shares in a merger, consolidation or other reorganization. The
      term "Restricted Shares," in addition to the shares received pursuant to this
      Agreement, also refers to all securities received in replacement of the
      Restricted Shares, as a stock dividend or as a result of any stock split,
      recapitalization, merger, reorganization, exchange or the like, and all new,
      substituted or additional securities or other properties to Holder is entitled
      by reason of Holder’s ownership of the Restricted Shares. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c) The
      Company shall hold the certificates representing any Restricted Shares which
      are
      subject to the Repurchase Right (as defined below) in escrow, provided that
      any
      Restricted Shares held in escrow shall be released from escrow and delivered
      to
      Holder as and when such shares are no longer subject to the Repurchase Right.
      In
      addition, Holder shall execute an assignment, in the form attached hereto as
      Exhibit
      A,
      with
      respect to the Restricted Shares.

     

    2. Legends.
      

     

    (a) The
      Shares (as hereinafter defined) shall be represented by a stock certificate
      or
      certificates registered in the name of the Holder. 

     

    (b) From
      and
      after the date of original issuance, stock certificates representing the
      Restricted Shares shall bear a legend in substantially the following form:
      

     

    "THE
      SHARES REPRESENTED BY THIS CERTIFICATE ARE UNVESTED AND ARE SUBJECT TO CERTAIN
      REPURCHASE RIGHTS GRANTED TO AMERICAN MEDICAL ALERT CORP. (“COMPANY”) AND,
      ACCORDINGLY, MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED, OR IN ANY
      MANNER DISPOSED OF EXCEPT IN CONFORMITY WITH THE TERMS OF THE STOCK PURCHASE
      AGREEMENT, DATED DECEMBER 31, 2007, BETWEEN THE COMPANY AND THE REGISTERED
      HOLDER OF THE SHARES (OR THE PREDECESSOR IN INTEREST TO THE SHARES). A COPY
      OF
      THE STOCK PURCHASE AGREEMENT IS MAINTAINED AT THE COMPANY'S PRINCIPAL CORPORATE
      OFFICES."

    

    3. Transfer
      Restrictions.

     

    (a) Restriction
      on Transfer.
      Except
      for any Permitted Transfer, Holder shall not transfer, assign, encumber or
      otherwise dispose of any of the Restricted Shares which are subject to the
      Repurchase Right.

     

    (b) Transferee
      Objections.
      Each
      Person (other than the Company) to whom the Restricted Shares are transferred
      by
      means of a Permitted Transfer must, as a condition precedent to the validity
      of
      such transfer, acknowledge in writing to the Company that such Person is bound
      by the provisions of this Agreement and that the transferred shares are subject
      to the Repurchase Right.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    4. Repurchase
      Right.
      

     

    (a) Grant.
      The
      Company is hereby granted the right (the "Repurchase
      Right"),
      exercisable at any time during the ninety (90)-day period following the date
      Holder ceases for any reason to remain in Service, to repurchase at the Per
      Share Purchase Price all or any portion of the Restricted Shares in which,
      at
      the time of his cessation of Service, Holder is not vested in accordance with
      the Vesting Schedule (such shares to be hereinafter referred to as the
      "Unvested
      Shares").

    (b) Exercise
      of the Repurchase Right.
      The
      Repurchase Right shall be exercisable by written notice delivered to each Owner
      of the Unvested Shares prior to the expiration of the ninety (90)-day exercise
      period. The notice shall indicate the number of Unvested Shares to be
      repurchased and the date on which the repurchase is to be effected, such date
      to
      be not more than thirty (30) days after the date of such notice. In order to
      effect any such repurchase, the Company shall pay to Owner, in cash or cash
      equivalents, an amount equal to the Per Share Purchase Price multiplied by
      the
      number of Unvested Shares which are to be repurchased from Owner.

     

    (c) Termination
      of the Repurchase Right.
      The
      Repurchase Right shall terminate with respect to any Unvested Shares for which
      it is not timely exercised under Paragraph 4(b). In addition, the Repurchase
      Right shall terminate and cease to be exercisable with respect to any and all
      Restricted Shares in which Holder vests in accordance with the Vesting
      Schedule.

     

    (d) Recapitalization.
      Any
      new, substituted or additional securities or other property (including cash)
      paid as a dividend or otherwise) which is by reason of any Recapitalization
      distributed with respect to or in exchange for the Restricted Shares shall
      be
      immediately subject to the Repurchase Right, but only to the extent the
      Restricted Shares are at the time covered by such right. Appropriate adjustments
      to reflect such distribution shall be made to the number and/or class of
      Restricted Shares subject to this Agreement and to the Per Share Purchase Price
      to be paid upon the exercise of the Repurchase Right in order to reflect the
      effect of any such Recapitalization upon the Company's capital structure;
provided,
      however,
      that
      the aggregate of the Per Share Purchase Price applicable to all Unvested Shares
      shall remain the same. Any securities or other property (including cash)
      distributed with respect to the Restricted Shares as a dividend or otherwise
      which are subject to the Repurchase Right shall be held in escrow.

     

    (e) Special
      Tax Election.
      The
      grant of the Restricted Shares may result in adverse tax consequences which
      may
      be avoided or mitigated by filing an election under Code Section 83(b). Such
      election must be filed within thirty (30) days after the date of this Agreement.
      The form for making the Code Section 83(b) election is set forth in Exhibit
      B
      hereto.
      HOLDER SHOULD CONSULT WITH HIS OR HER TAX ADVISOR TO DETERMINE THE TAX
      CONSEQUENCES OF ACQUIRING THE RESTRICTED SHARES AND THE ADVANTAGES AND
      DISADVANTAGES OF FILING THE CODE SECTION 83(B) ELECTION. HOLDER ACKNOWLEDGES
      THAT IT IS HOLDER'S SOLE RESPONSIBILITY, AND NOT THE COMPANY'S RESPONSIBILITY,
      TO FILE A TIMELY ELECTION UNDER CODE SECTION 83(B), EVEN IF HOLDER REQUESTS
      THAT
      THE COMPANY OR ITS REPRESENTATIVES FILE AN ELECTION UNDER CODE SECTION 83(B)
      ON
      HOLDER’S BEHALF.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    5. Additional
      Stock Grants.
      In
      addition to the grant of the Restricted Shares, and subject to the terms of
      the
      Employment Agreement and this Agreement, the Company shall grant Holder the
      following shares of Common Stock (together with the Restricted Shares, the
      "Shares"):
      

     

    (a) Up
      to
      12,000 shares over the Employment Period (as defined in the Employment
      Agreement) based on the Company's Health and Safety Monitoring Systems
      (“HSMS”)
      segment’s earnings before deduction of interest and taxes ("EBIT"),
      as
      determined based on the Company's audited financial statements for the
      applicable fiscal year, meeting or exceeding the following targets:

    

    
      	
              For
                2007 - 2010

            	 
	 	 
	
              HSMS
                EBIT as a percentage of HSMS 

            	 
	
              revenues
                for the applicable fiscal year

            	
               #
                of Shares

            
	 	 
	
                  5.0
                -
                5.99%

            	
              500
                shares

            
	
                  6.0
                -
                6.99%

            	
              1,000
                shares

            
	
                  7.0
                -
                7.99%

            	
              1,500
                shares

            
	
                  8.0
                -
                8.99%

            	
              2,000
                shares

            
	
                  9.0
                -
                9.99%

            	
              2,500
                shares

            
	
                  10.0%
                -
                or more

            	
              3,000
                shares; and

            

    

     

    
      It
        is
        agreed and understood that the above performance targets were arrived at
        based
        on the Company’s method of calculating EBIT by segment for the fiscal year ended
        December 31, 2005 (the “2005
        Methodology”).
        In
        the event the Company uses a method of calculating EBIT by segment in the
        future
        which is different than the 2005 Methodology, the Company shall have the
        option
        to either (i) use the 2005 Methodology for the purposes hereof, in which
        case,
        the above performance targets shall be used, or (ii) use an EBIT by segment
        calculation consistent with its year end financial statements, in which case,
        the above performance targets shall be appropriately adjusted in a manner
        which
        would not cause either a benefit to the Employee or detract from Employee’s
        rights hereunder, in comparison to the use of the 2005
        Methodology.

    

    

    (b) Up
      to
      34,000 shares over the Employment Period based on the Company's EBIT, as
      determined based on the Company's audited financial statements for the
      applicable fiscal year, meeting or exceeding the following targets:

     

    
      
        	
                For
                  2007 - 2010

              	 
	 	 
	
                    EBIT
                  growth over prior fiscal year

              	
                 #
                  of Shares

              
	 	 
	
                    15.0
                  -
                  17.49%

              	
                3,000
                  shares

              
	
                    17.5
                  -
                  19.99%

              	
                4,000
                  shares

              
	
                    20.0
                  -
                  22.49%

              	
                5,250
                  shares

              
	
                    22.5
                  -
                  24.99%

              	
                6,500
                  shares

              
	
                    25.0%
                  -
                  or more

              	
                8,500
                  shares

              

      

       

    

    (c) To
      the
      extent that the number of shares of Common Stock earned by Holder pursuant
      to
      subparagraphs 5(a) and 5(b) above exceeds a total of 37,500 shares of Common
      Stock, the grant of such shares of Common Stock shall be subject to obtaining
      shareholder approval. If such shareholder approval is not obtained prior
      to the
      time any such shares are earned by Holder, then Holder shall not be entitled
      to
      and shall not be granted any such shares. Any shares to be issued under
      subparagraphs 5(a) or 5(b) above shall be issued on April 15 of the year
      following the fiscal year for which the shares were earned.

     

    (d) All
      shares to be issued pursuant to this Section 5 shall be issued out of the Plan,
      except that to the extent that the shares to be issued under subparagraphs
      5(a)
      and 5(b) above exceed 37,500 shares of Common Stock, such shares to be issued
      in
      excess of 37,500 shares of Common Stock shall be issued as a separate individual
      grant to Employee and not out of the Plan. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    6. Securities
      Law Compliance.

     

    (a) Registration
      of Securities. The Shares, to the extent issued out of the Plan, have been
      registered under the Act and are being issued to Holder pursuant to a Form
      S-8
      registration statement.

     

    (b) Restrictions
      on Disposition of Restricted Shares. Holder shall make no disposition of the
      Restricted Shares (other than a Permitted Transfer) unless and until there
      is
      compliance with all of the following requirements:

     

    (i)
      Holder shall have provided the Company with a written summary of the terms
      and
      conditions of the proposed disposition of the Restricted Shares;
      and

    

    (ii)
      Holder shall have complied with all requirements of this Agreement applicable
      to
      the disposition of the Restricted Shares.

    

    (c) In
      addition, Holder shall make no disposition of the Shares unless Holder shall
      have provided the Company with written assurances, in form and substance
      satisfactory to the Company, that (a) the proposed disposition does not require
      registration of the Shares under the 1933 Act or (b) all appropriate action
      necessary for compliance with the registration requirements of the 1933 Act
      (including a Form S-3 reoffer prospectus, as applicable) or any exemption from
      registration available under the 1933 Act (including Rule 144) has been
      taken.

     

    (d) The
      Company shall not be required (i) to transfer on its books any Shares which
      have
      been sold or transferred in violation of the provisions of this Agreement or
      (ii) to treat as the owner of the Shares, or otherwise to accord voting,
      dividend or liquidation rights to, any transferee to whom the Shares have been
      transferred in contravention of this Agreement.

     

    7. No
      Right to Employment.
      Nothing
      in this Agreement shall be construed to give the Holder any right to be awarded
      any additional awards of shares or options under the Plan, or to confer on
      the
      Holder any right to continue in the employ of the Company or to be evidence
      of
      any agreement or understanding, express or implied, that the Company or any
      of
      its Subsidiaries or Parent will employ the Holder in any particular position
      or
      at any particular rate of remuneration, or for any particular period of time
      or
      to interfere in any way with or otherwise restrict in any way the rights of
      the
      Company or of the Holder, other as set forth in the Employment Agreement.

     

    8. Amounts
      Not Salary or Bonus.
      The
      Holder agrees that the award of the Shares hereunder is special incentive
      compensation and that it will not be taken into account as "salary" or
      "compensation" or "bonus" in determining the amount of any payment under any
      pension, retirement, profit-sharing, savings or stock ownership plan of the
      Company, its Parent or any of its Subsidiaries, unless expressly provided
      pursuant to the terms of such plan. 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    9. Forfeiture
      for Violation of Employment Agreement.
      In the
      event that Holder violates any of his Confidentiality or Non-Competition
      obligations arising under the Employment Agreement or other agreement with
      the
      Company, then all profits or gains realized by Holder as a result of the sale
      of
      any of the Shares shall be forfeited and returned to the Company.

     

    10. Amendments.
      Except
      as otherwise provided in the Plan, this Agreement may only be amended or
      modified by written agreement of the Company and the Holder. 

     

    11. Successor
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the Company and
      its
      successors and assigns, and shall be binding upon and inure to the benefit
      of
      the Holder and his legatees, distributees and Legal Representatives. The Company
      may assign the Repurchase Right to any Person selected by the Board, including
      (without limitation) one or more shareholders of the Company.

     

    12. Governing
      Law.
      The
      validity, interpretation, construction and performance of this Agreement shall
      be governed by the laws of the State of New York, other than those laws which
      would defer to the substantive laws of another jurisdiction. 

     

    13. Shares
      Award Subject to Plan.
      By
      entering into this Agreement, the Holder agrees and acknowledges that the Holder
      has received and read a copy of the Plan. The Shares are subject to the Plan.
      The terms and provisions of the Plan as it may be amended from time to time
      are
      hereby incorporated herein by reference. Capitalized terms used herein and
      not
      otherwise defined herein shall have the meaning provided for such terms in
      the
      Plan. In the event of a conflict between any term or provision contained herein
      and a term or provision of the Plan, the applicable terms and provisions of
      the
      Plan will govern and prevail. 

     

    14. Signature
      in Counterparts.
      This
      Agreement may be signed in one or more counterparts and delivered by facsimile,
      each of which shall be an original, with the same effect as if the signatures
      thereto and hereto were upon the same instrument. 

     

    15. Definitions.
      As used
      herein, the following definitions shall apply: 

     

    (a) "Agreement"
      shall
      mean this Stock Purchase Agreement.

     

    (b) "Board"
      shall
      mean the Company's Board of Directors.

     

    (c) "Change
      in Control"
      shall
      have the same meaning as defined in the Employment Agreement.

     

    (d) "Code"
      shall
      mean the Internal Revenue Code of 1986, as amended.

     

    (e) "Common
      Stock"
      shall
      mean the Company's common stock, $.01 par value per share, as well as all
      securities received in replacement of the Company's common stock, as a stock
      dividend, or as a result of any stock split, recapitalization, merger,
      reorganization, exchange or the like, and all new, substituted or additional
      securities or other properties that a holder of common stock is entitled to
      by
      reason of the holder's ownership of the common stock.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    (f) "1933
      Act"
      shall
      mean the Securities Act of 1933, as amended.

     

    (g) "Employment
      Agreement"
      shall
      mean that certain Employment Agreement, dated as of May 24, 2007, between the
      Company and Holder.

     

    (h) "Owner"
      shall
      mean Holder and all subsequent holders of the Restricted Shares who derive
      their
      chain of ownership through a Permitted Transfer from Holder.

     

    (i) "Permitted
      Transfer"
      shall
      mean (i) a gratuitous transfer of the Restricted Shares to any “family member”
as such term is defined in Section 1(a)(5) of the General Instructions to Form
      S-8 under the 1933 Act, provided, and provided only, that Holder obtains the
      Company's prior written consent to such transfer, or (ii) a transfer of title
      to
      the Restricted Shares effected pursuant to Holder's will or the laws of descent
      and distribution following Holder's death.

     

    (j) "Person"
      shall
      mean an individual, a partnership, a corporation, a trust, a joint venture,
      a
      limited liability company, an unincorporated organization, a government or
      any
      department or agency thereof or any other entity.

     

    (k) "Per
      Share Purchase Price"
      shall
      mean $.01.

     

    (l) 
      "Recapitalization"
      shall
      mean any stock split, stock dividend, recapitalization, combination of shares,
      merger, consolidation, exchange of shares or other change affecting the
      Company's outstanding Common Stock as a class.

     

    (m) "SEC"
      shall
      mean the Securities and Exchange Commission.

     

    (n) "Service"
      shall
      mean Holder's provision of services to the Company (or a Parent or Subsidiary
      of
      the Company) pursuant to the Employment Agreement.

     

    (o) "Vesting
      Schedule"
      shall
      mean the vesting schedule specified in Section 4(b) in the Employment Agreement,
      pursuant to which Holder is to vest in the Restricted Shares in annual
      installments over the period of Service, subject to accelerated vesting under
      certain circumstances in connection with a Change in Control. 

     

    16. Notices.
      Any
      notice required to be given under this Agreement shall be in writing and shall
      be deemed effective upon personal delivery or upon delivery through the U.
      S.
      mail, registered or certified, postage prepaid and properly addressed to the
      party entitled to such notice at the address indicated below such party's
      signature line on this Agreement or at such other address as such party may
      designate by ten (10) days' advance written notice under this paragraph to
      all
      other parties to this Agreement.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    17. No
      Waiver.
      The
      failure of the Company in any instance to exercise the Repurchase Right shall
      not constitute a waiver of any other repurchase rights that may subsequently
      arise under the provisions of this Agreement or any other agreement between
      the
      Company and Holder. No waiver of any breach or condition of this Agreement
      shall
      be deemed to be a waiver of any other or subsequent breach or condition, whether
      of like or different nature.

     

    18. Cancellation
      of Unvested Shares.
      If the
      Company shall make available, at the time and place and in the amount and form
      provided in this Agreement, the consideration for the Unvested Shares to be
      repurchased in accordance with the provisions of this Agreement, then from
      and
      after such time the person from whom such shares are repurchased shall no longer
      have any rights as a holder of such shares (other than the right to receive
      payment of such consideration in accordance with this Agreement). Such shares
      shall be deemed purchased in accordance with the applicable provisions hereof,
      and the Company shall be deemed the owner and holder of such shares, whether
      or
      not the certificates evidencing such shares have been delivered as required
      by
      this Agreement.

     

    19. Holder
      Undertaking.
      Holder
      hereby agrees to take whatever additional action and execute whatever additional
      documents the Company may deem necessary or advisable in order to carry out
      or
      effect one or more of the obligations or restrictions imposed on either Holder
      or the Restricted Shares pursuant to the provisions of this
      Agreement.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company has caused this Agreement to be duly executed
      by
      its agent thereunto duly authorized, and the Holder has hereunto set his hand,
      all as of the date first above written. 

     

    

    
      	 	
              AMERICAN
                MEDICAL ALERT CORP. 

               

              By:
                /s/
                Jack Rhian           

              Name:
                Jack Rhian

              Title:
                President and Chief Executive Officer

            
	 	 
	 	
              HOLDER

               

              /s/
                Frederic Siegel           

              Frederic
                Siegel

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    ASSIGNMENT
      SEPARATE FROM CERTIFICATE

    

    FOR
      VALUE
      RECEIVED ___________________ hereby sell(s), assign(s)and transfer(s) unto
      American Medical Alert Corp. (the "Company"), _________________ (__________)
      shares of the Common Stock of the Company standing in his or her name on the
      books of the Company represented by Certificate No. ___________________ herewith
      and do(es) hereby irrevocably constitute and appoint ________________ Attorney
      to transfer the said stock on the books of the Company with full power of
      substitution in the premises.

    

    

    Date:
      _________________________

    

    

    

    

    Signature:
      _________________________

    

    

    INSTRUCTION:
      Please do not fill in any blanks other than the signature line.

    Please
      sign exactly as you would like your name to appear on the issued
      stock

    certificate.
      The purpose of this assignment is to enable the Company to exercise

    the
      Repurchase Right without requiring additional signatures on the part
      of

    Employee.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

    

    SECTION
      83(B) ELECTION

    

    This
      statement is being made under Section 83(b) of the Internal Revenue Code,
      pursuant to Treas. Reg. Section 1.83-2.

    

    (1) 
      The
      taxpayer who performed the services is:

    Name:

    Address:

    Taxpayer
      Ident. No.:

    

    (2) 
      The
      property with respect to which the election is being made is ____________ shares
      of the common stock of American Medical Alert Corp., (the
      "Company")

    

    (3) The
      property was issued on [_____ __], 2007.

     

    (4) The
      taxable year in which the election is being made is the calendar year
      2007.

    

    (5) The
      property is subject to a repurchase right pursuant to which the issuer has
      the
      right to acquire the property at the original purchase price if taxpayer's
      employment with the issuer is terminated under certain
      circumstances.

    

    (6) The
      fair
      market value at the time of transfer (determined without regard to any
      restriction other than a restriction which by its terms will never lapse) is
      [$
      ] per share.

    

    (7) The
      amount paid for such property is [$ ] per share.

    

    (8) A
      copy of
      this statement was furnished to the Company.

    

    (9) 
      This
      statement is executed [____ __], 200_.

    
 

     

    
 

    
      	------------------------------ 	------------------------------------------
	Spouse (if any)	Taxpayer

    

     

    THIS
      ELECTION MUST BE FILED WITH THE INTERNAL REVENUE SERVICE CENTER WITH WHICH
      TAXPAYER FILES HIS OR HER FEDERAL INCOME TAX RETURNS AND MUST BE MADE WITHIN
      THIRTY (30) DAYS AFTER THE EXECUTION DATE OF THE STOCK PURCHASE AGREEMENT.
      THIS
      FILING SHOULD BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED.
      TAXPAYER MUST RETAIN TWO (2) COPIES OF THE COMPLETED FORM FOR FILING WITH HIS
      OR
      HER FEDERAL AND STATE TAX RETURNS FOR THE CURRENT TAX YEAR AND AN ADDITIONAL
      COPY FOR HIS OR HER RECORDS.

    
      
        
        

      

      
        11Unassociated Document

    EXHIBIT
      D

    

    REGISTRATION
      RIGHTS AGREEMENT

     

    This
      Registration Rights Agreement (this "Agreement")
      is made
      and entered into as of December 31, 2007, by and among Energroup Holdings
      Corporation, a Nevada corporation (the "Company"),
      and
      the investors signatory hereto (each a "Investor"
      and
      collectively, the "Investors").

     

    This
      Agreement is made in connection with the Securities Purchase Agreement, dated
      as
      of the date hereof among the Company and the Investors (the "Purchase
      Agreement").

     

    The
      Company and the Investors hereby agree as follows: 

     

    1. Definitions.
      Capitalized terms used and not otherwise defined herein that are defined in
      the
      Purchase Agreement will have the respective meanings given such terms in the
      Purchase Agreement. As used in this Agreement, the following terms have the
      respective meanings set forth in this Section 1:

     

    “2008
      Delivery Date”
      means
      the date on which the 2008 Make Good Shares are required to be delivered to
      the
      Investors by the Make Good Pledgors pursuant to the Make Good Escrow
      Agreement.

     

    “2009
      Delivery Date”
      means
      the date on which the 2009 Make Good Shares are required to be delivered to
      the
      Investors by the Make Good Pledgors pursuant to the Make Good Escrow
      Agreement.

     

    “Advice”
      has
      the
      meaning set forth in Section 6(d).

     

    "Commission
      Comments" means
      written comments pertaining
      solely to Rule 415 which
      are
      received by the Company from the Commission to a filed Registration Statement,
      a
      copy of which shall have been provided by the Company to the Holders, which
      either (i) requires the Company to limit the number of Registrable Securities
      which may be included therein to a number which is less than the number sought
      to be included thereon as filed with the Commission or (ii) requires the Company
      to either exclude Registrable Securities held by specified Holders or deem
      such
      Holders to be underwriters with respect to Registrable Securities they seek
      to
      include in such Registration Statement.

     

    “Cut
      Back Shares”
has
      the
      meaning set forth in Section 2(b).

     

    "Effective
      Date"
      means,
      as to a Registration Statement, the date on which such Registration Statement
      is
      first declared effective by the Commission.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Effectiveness
      Date”
      means
      (a) with respect to the initial Registration Statement required to be filed
      pursuant to Section 2(a), the earlier of: (i) the 135th
      day
      following the Closing Date and (ii) the fifth Trading Day following the date
      on
      which the Company is notified by the Commission that the initial Registration
      Statement will not be reviewed or is no longer subject to further review and
      comments; (b) with respect to any additional Registration Statements required
      to
      be filed pursuant to Section 2(a), the earlier of: (i) the 90th
      day
      following the applicable Filing Date for such additional Registration
      Statement(s) and (ii) the fifth Trading Day following the date on which the
      Company is notified by the Commission that the such additional Registration
      Statement(s) will not be reviewed or is no longer subject to further review;
      (c)
      with respect to any additional Registration Statements required to be filed
      solely due to SEC Restrictions, the earlier of: (i) the 90th
      day
      following the applicable Restriction Termination Date and (ii) the fifth Trading
      Day following the date on which the Company is notified by the Commission that
      such Registration Statement will not be reviewed or is no longer subject to
      further review and comments; (d) with respect to a Registration Statement
      required to be filed under Section 2(c), the earlier of: (i) the 60th
      day
      following the date on which the Company becomes eligible to utilize Form S-3
      to
      register the resale of Common Stock; provided,
      that,
      if the Commission reviews and has written comments to such filed Registration
      Statement that would require the filing of a pre-effective amendment thereto
      with the Commission, then the Effectiveness Date under this clause (d)(i) shall
      be the 90th
      day
      following the date on which the Company becomes eligible to utilize Form S-3
      to
      register the resale of Common Stock, and (ii) the fifth Trading Day following
      the date on which the Company is notified by the Commission that the
      Registration Statement will not be reviewed or is no longer subject to further
      review and comments; (e) with respect to a Registration Statement required
      to be
      filed under Section 2(d), the earlier of: (i) the 90th
      day
      following the 2008 Delivery Date; provided,
      that,
      if the Commission reviews and has written comments to such filed Registration
      Statement that would require the filing of a pre-effective amendment thereto
      with the Commission, then the Effectiveness Date under this clause (e)(i) shall
      be the 120th
      day
      following the 2008 Delivery Date, and (ii) the fifth Trading Day following
      the
      date on which the Company is notified by the Commission that the Registration
      Statement will not be reviewed or is no longer subject to further review and
      comments and (f) with respect to a Registration Statement required to be filed
      under Section 2(e), the earlier of: (i) the 90th
      day
      following the 2009 Delivery Date; provided,
      that,
      if the Commission reviews and has written comments to such filed Registration
      Statement that would require the filing of a pre-effective amendment thereto
      with the Commission, then the Effectiveness Date under this clause (f)(i) shall
      be the 120th
      day
      following the 2009 Delivery Date, and (ii) the fifth Trading Day following
      the
      date on which the Company is notified by the Commission that the Registration
      Statement will not be reviewed or is no longer subject to further review and
      comments.

     

    "Effectiveness
      Period"
      means,
      as to any Registration Statement required to be filed pursuant to this
      Agreement, the period commencing on the Effective Date of such Registration
      Statement and ending on the earliest to occur of (a) the second anniversary
      of
      such Effective Date, (b) such time as all of the Registrable Securities covered
      by such Registration Statement have been publicly sold by the Holders of the
      Registrable Securities included therein, or (c) such time as all of the
      Registrable Securities covered by such Registration Statement may be sold by
      the
      Holders without volume restrictions pursuant to Rule 144, in each case as
      determined by the counsel to the Company pursuant to a written opinion letter
      to
      such effect, addressed and acceptable to the Company's transfer agent and the
      affected Holders.

     

    "Exchange
      Act"
      means
      the Securities Exchange Act of 1934, as amended.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    "Filing
      Date"
      means
      (a) with respect to the initial Registration Statement required to be filed
      pursuant to Section 2(a), the 45th
      day
      following the Closing Date; (b) with respect to any additional Registration
      Statements required to be filed pursuant to Section 2(a), the 15th
      day
      following the Effective Date for the last Registration Statement filed pursuant
      to this Agreement under Section 2(a); (c) with respect to any additional
      Registration Statements required to be filed due to SEC Restrictions, the
      15th
      day
      following the applicable Restriction Termination Date; (d) with respect to
      a
      Registration Statement required to be filed under Section 2(c), the
      30th
      day
      following the date on which the Company becomes eligible to utilize Form S-3
      to
      register the resale of Common Stock, (e) with respect to the Registration
      Statement required to be filed under Section 2(d), the 45th
      day
      following the 2008 Delivery Date (provided that if the Company is then eligible
      to utilize Form S-3 to register the resale of Common Stock, the Filing Date
      under this clause (e) shall be 30 days following the 2008 Delivery
      Date) and
      (f) with
      respect to the Registration Statement required to be filed under Section 2(f),
      the 45th
      day
      following the 2009 Delivery Date (provided that if the Company is then eligible
      to utilize Form S-3 to register the resale of Common Stock, the Filing Date
      under this clause (f) shall be 30 days following the 2009 Delivery
      Date).

     

    "Holder"
      or
"Holders"
      means
      the holder or holders, as the case may be, from time to time of Registrable
      Securities.

     

    “Indemnified
      Party”
      has the
      meaning set forth in Section 5(c).

     

    “Indemnifying
      Party”
      has the
      meaning set forth in Section 5(c).

     

    “Losses”
      has the
      meaning set forth in Section 5(a).

     

    “New
      York Courts”
      means
      the state and federal courts sitting in the City of New York, Borough of
      Manhattan.

     

    "Proceeding"
      means an
      action, claim, suit, investigation or proceeding (including, without limitation,
      an investigation or partial proceeding, such as a deposition), whether commenced
      or threatened.

     

    “Prospectus”
      means
      the prospectus included in a Registration Statement (including, without
      limitation, a prospectus that includes any information previously omitted from
      a
      prospectus filed as part of an effective registration statement in reliance
      upon
      Rule 430A promulgated under the Securities Act), as amended or supplemented
      by
      any prospectus supplement, with respect to the terms of the offering of any
      portion of the Registrable Securities covered by a Registration Statement,
      and
      all other amendments and supplements to the Prospectus, including post-effective
      amendments, and all material incorporated by reference or deemed to be
      incorporated by reference in such Prospectus.

     

    “Registrable
      Securities”
      means:
      (i) the Shares, (ii) the 2008 Make Good Shares, as applicable, (iii) the 2009
      Make Good Shares, as applicable and (iv) any securities issued or issuable
      upon
      any stock split, dividend or other distribution, recapitalization or similar
      event, or any price adjustment as a result of such stock splits, reverse stock
      splits or similar events with respect to any of the securities referenced in
      (i), (ii), or (iii) above.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    "Registration
      Statement"
      means
      the initial registration statement required to be filed in accordance with
      Section 2(a) and any additional registration statements required to be filed
      under this Agreement, including in each case the Prospectus, amendments and
      supplements to such registration statements or Prospectus, including pre- and
      post-effective amendments, all exhibits thereto, and all material incorporated
      by reference or deemed to be incorporated by reference therein.

     

    “Restriction
      Termination Date”
has
      the
      meaning set forth in Section 2(b).

     

    "Rule
      144"
      means
      Rule 144 promulgated by the Commission pursuant to the Securities Act, as such
      Rule may be amended from time to time, or any similar rule or regulation
      hereafter adopted by the Commission having substantially the same effect as
      such
      Rule.

     

    "Rule
      415"
      means
      Rule 415 promulgated by the Commission pursuant to the Securities Act, as such
      Rule may be amended from time to time, or any similar rule or regulation
      hereafter adopted by the Commission having substantially the same effect as
      such
      Rule.

     

    "Rule
      424"
      means
      Rule 424 promulgated by the Commission pursuant to the Securities Act, as such
      Rule may be amended from time to time, or any similar rule or regulation
      hereafter adopted by the Commission having substantially the same effect as
      such
      Rule.

     

    “SEC
      Restrictions”
has
      the
      meaning set forth in Section 2(b).

     

    "Securities
      Act"
      means
      the Securities Act of 1933, as amended.

     

    "Shares"
      means
      the shares of Common Stock issued or issuable to the Investors pursuant to
      the
      Purchase Agreement.

     

    2. Registration.

     

    (a) On
      or
      prior to the applicable Filing Date, the Company shall prepare and file with
      the
      Commission a Registration Statement covering the resale of all Registrable
      Securities (other than in the case of the initial Registration Statement to
      be
      filed under this Section 2(a), the 2008 Make Good Shares and the 2009 Make
      Good
      Shares) not already covered by an existing and effective Registration Statement
      for an offering to be made on a continuous basis pursuant to Rule 415. Each
      Registration Statement required to be filed under this Agreement shall be filed
      on Form S-1 (or on such other form appropriate for such purpose) and contain
      (except if otherwise required pursuant to written comments received from the
      Commission upon a review of such Registration Statement, other than as to the
      characterization of any Holder as an underwriter, which shall not occur without
      such Holder’s written consent) the "Plan of Distribution" attached hereto as
Annex
      A.
      The
      Company shall cause each Registration Statement required to be filed under
      this
      Agreement to be declared effective under the Securities Act as
      soon as
      possible but, in any event, no later than its Effectiveness Date, and shall
      use
      its reasonable best efforts to keep each such Registration Statement
      continuously effective during its entire Effectiveness Period. By 5:00 p.m.
      (New
      York City time) on the Business Day immediately following the Effective Date
      of
      each Registration Statement, the Company shall file with the Commission in
      accordance with Rule 424 under the Securities Act the final prospectus to be
      used in connection with sales pursuant to such Registration Statement (whether
      or not such filing is technically required under such Rule). If for any reason
      other than due solely to SEC Restrictions, a Registration Statement is effective
      but not all outstanding Registrable Securities are registered for resale
      pursuant thereto, then the Company shall prepare and file by the applicable
      Filing Date an additional Registration Statement to register the resale of
      all
      such unregistered Registrable Securities for an offering to be made on a
      continuous basis pursuant to Rule 415. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (b) Notwithstanding
      anything to the contrary contained in this Section 2, if the Company receives
      Commission Comments, and following discussions with and responses to the
      Commission in which the Company uses its reasonable best efforts and time to
      cause as many Registrable Securities (other
      than the 2008
      Make
      Good Shares and 2009
      Make
      Good Shares, unless the 2008
      Delivery
      Date or 2009
      Delivery
      Date, as the case may be, shall have occurred) for
      as
      many Holders as possible to be included in the Registration Statement filed
      pursuant to Section 2(a) without characterizing any Holder as an underwriter
      (and in such regard uses its reasonable best efforts to cause the Commission
      to
      permit the affected Holders or their respective counsel to participate in
      Commission conversations on such issue together with Company Counsel, and timely
      conveys relevant information concerning such issue with the affected Holders
      or
      their respective counsel), the Company is unable to cause the inclusion of
      all
      Registrable Securities, then the Company may, following not less than three
      (3)
      Trading Days prior written notice to the Holders (i) remove from the
      Registration Statement such Registrable Securities (the “Cut
      Back Shares”)
      and/or
      (ii) agree to such restrictions and limitations on the registration and resale
      of the Registrable Securities, in each case as the Commission may require in
      order for the Commission to allow such Registration Statement to become
      effective; provided,
      that in
      no event may the Company name any Holder as an underwriter without such Holder’s
      prior written consent (collectively, the “SEC
      Restrictions”).
      Unless the SEC Restrictions otherwise require, any cut-back imposed pursuant
      to
      this Section 2(b) shall be allocated first (i) among any securities of the
      Company to be included in such Registration Statement pursuant to Section 6(b)
      and second (ii) among the Registrable Securities of the Holders on a pro
      rata basis. No liquidated damages under Section 2(f) shall accrue on or as
      to
      any Cut Back Shares, and the required Effectiveness Date for such Registration
      Statement will be tolled, until such time as the Company is able to effect
      the
      registration of the Cut Back Shares in accordance with any SEC Restrictions
      (such date, the “Restriction
      Termination Date”).
      From
      and after the Restriction Termination Date, all provisions of this Section
      2
      (including, without limitation, the liquidated damages provisions, subject
      to
      tolling as provided above) shall again be applicable to the Cut Back Shares
      (which, for avoidance of doubt, retain their character as “Registrable
      Securities”) so that the Company will be required to file with and cause to be
      declared effective by the Commission such additional Registration Statements
      in
      the time frames set forth herein as necessary to ultimately cause to be covered
      by effective Registration Statements all Registrable Securities (if such
      Registrable Securities cannot at such time be resold by the Holders thereof
      without volume limitations pursuant to Rule 144).

     

    (c) Promptly
      following any date on which the Company becomes eligible to use a registration
      statement on Form S-3 to register Registrable Securities for resale, the Company
      shall file a Registration Statement on Form S-3 covering all such Registrable
      Securities (or a post-effective amendment on Form S-3 to the then effective
      Registration Statement) and shall cause such Registration Statement to be filed
      by the Filing Date for such Registration Statement and declared effective under
      the Securities Act as soon as possible thereafter, but in any event prior to
      the
      Effectiveness Date therefor. Such
      Registration Statement shall contain (except if otherwise required pursuant
      to
      written comments received from the Commission upon a review of such Registration
      Statement, other than as to the characterization of any Holder as an
      underwriter, which shall not occur without such Holder’s consent) the “Plan of
      Distribution” attached hereto as Annex
      A.
      The
      Company shall use its reasonable best efforts to keep such Registration
      Statement continuously effective under the Securities Act during the entire
      Effectiveness Period. By 5:00 p.m. (New York City time) on the Business Day
      immediately following the Effective Date of such Registration Statement, the
      Company shall file with the Commission in accordance with Rule 424 under the
      Securities Act the final prospectus to be used in connection with sales pursuant
      to such Registration Statement (whether or not such filing is technically
      required under such Rule). 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (d) On
      or
      prior to the Filing Date, the Company shall prepare and file with the Commission
      a Registration Statement covering the resale of the 2008 Make Good Shares on
      Form S-3 if the Company is then eligible to utilize such Form (or on such other
      form appropriate for such purpose) and shall cause such Registration Statement
      to be filed by the Filing Date for such Registration Statement and declared
      effective under the Securities Act as soon as possible thereafter, but in any
      event prior to the Effectiveness Date therefor. Such Registration Statement
      shall contain (except if otherwise required pursuant to written comments
      received from the Commission upon a review of such Registration Statement,
      other
      than as to the characterization of any Holder as an underwriter, which shall
      not
      occur without such Holder’s consent) the “Plan of Distribution” attached hereto
      as Annex
      A.
      The
      Company shall use its reasonable best efforts to keep such Registration
      Statement continuously effective under the Securities Act during the entire
      Effectiveness Period which is applicable to it. By 5:00 p.m. (New York City
      time) on the Business Day immediately following the Effective Date of such
      Registration Statement, the Company shall file with the Commission in accordance
      with Rule 424 under the Securities Act the final prospectus to be used in
      connection with sales pursuant to such Registration Statement (whether or not
      such filing is technically required under such Rule). 

     

    (e) On
      or
      prior to the Filing Date, the Company shall prepare and file with the Commission
      a Registration Statement covering the resale of the 2009 Make Good Shares on
      Form S-3 if the Company is then eligible to utilize such Form (or on such other
      form appropriate for such purpose) and shall cause such Registration Statement
      to be filed by the Filing Date for such Registration Statement and declared
      effective under the Securities Act as soon as possible thereafter, but in any
      event prior to the Effectiveness Date therefor. Such Registration Statement
      shall contain (except if otherwise required pursuant to written comments
      received from the Commission upon a review of such Registration Statement,
      other
      than as to the characterization of any Holder as an underwriter, which shall
      not
      occur without such Holder’s consent) the “Plan of Distribution” attached hereto
      as Annex
      A.
      The
      Company shall use its reasonable best efforts to keep such Registration
      Statement continuously effective under the Securities Act during the entire
      Effectiveness Period which is applicable to it. By 5:00 p.m. (New York City
      time) on the Business Day immediately following the Effective Date of such
      Registration Statement, the Company shall file with the Commission in accordance
      with Rule 424 under the Securities Act the final prospectus to be used in
      connection with sales pursuant to such Registration Statement (whether or not
      such filing is technically required under such Rule).

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    (f) If:
      (i) a
      Registration Statement is not filed on or prior to its Filing Date covering
      the
      Registrable Securities required under this Agreement to
      be
      included therein (if the Company files a Registration Statement without
      affording the Holders the opportunity to review and comment on the same as
      required by Section 3(a) hereof, the Company shall not be deemed to have
      satisfied this clause (i)), or (ii) a Registration Statement is not declared
      effective by the Commission on or prior to its required Effectiveness Date
      or if
      by the Business Day immediately following the Effective Date, the Company shall
      not have filed a “final” prospectus for the Registration Statement with the
      Commission under Rule 424(b) in accordance with the terms hereof (whether or
      not
      such a prospectus is technically required by such Rule), or (iii) after its
      Effective Date, without regard for the reason thereunder or efforts therefor,
      such Registration Statement ceases for any reason to be effective and available
      to the Holders as to all Registrable Securities to which it is required to
      cover
      at any time prior to the expiration of its Effectiveness Period for more than
      an
      aggregate of 30 Trading Days (which need not be consecutive) (any such failure
      or breach being referred to as an "Event,"
      and for
      purposes of clauses (i) or (ii) the date on which such Event occurs, or for
      purposes of clause (iii) the date which such 30 Trading Day-period is exceeded,
      being referred to as "Event
      Date"),
      then
      in addition to any other rights the Holders may have hereunder or under
      applicable law, on each such Event Date and on each monthly anniversary of
      each
      such Event Date (if the applicable Event shall not have been cured by such
      date)
      until the applicable Event is cured, the Company shall pay to each Holder an
      amount in cash, as partial liquidated damages and not as a penalty, equal to
      1.0% of the aggregate Investment Amount paid by such Holder for Shares pursuant
      to the Purchase Agreement. The
      parties agree that in no event will the Company be liable for liquidated damages
      under this Agreement in excess of 1.0% of the aggregate Investment Amount of
      the
      Holders in any 30-day period and the maximum aggregate liquidated damages
      payable to a Holder under this Agreement shall be ten percent (10%) of the
      aggregate Investment Amount paid by such Holder pursuant to the Purchase
      Agreement.
      The
      partial liquidated damages pursuant to the terms hereof shall apply on a daily
      pro-rata basis for any portion of a month prior to the cure of an Event (except
      in the case of the first Event Date), and shall cease to accrue (unless earlier
      cured) upon the expiration of the Effectiveness Period.

     

    (g) Each
      Holder agrees to furnish to the Company a completed Questionnaire in the form
      attached to this Agreement as Annex
      B
      (a
“Selling
      Holder Questionnaire”).
      The
      Company shall not be required to include the Registrable Securities of a Holder
      in a Registration Statement and shall not be required to pay any liquidated
      or
      other damages under Section 2(f) to any Holder who fails to furnish to the
      Company a fully completed Selling Holder Questionnaire at least two Trading
      Days
      prior to the Filing Date (subject to the requirements set forth in Section
      3(a)).

     

    3. Registration
      Procedures.

     

    In
      connection with the Company's registration obligations hereunder, the Company
      shall:

     

    (a) Not
      less
      than four Trading Days prior to the filing of a Registration Statement or any
      related Prospectus or any amendment or supplement thereto, the Company shall
      furnish to each Holder copies of the “Selling Stockholders” section of such
      document, the “Plan of Distribution” and any risk factor contained in such
      document that addresses specifically this transaction or the Selling
      Stockholders, as proposed to be filed, which documents will be subject to the
      review of such Holder. The Company shall not file a Registration Statement,
      any
      Prospectus or any amendments or supplements thereto in which the “Selling
      Stockholder” section thereof differs from the disclosure received from a Holder
      in its Selling Holder Questionnaire (as amended or supplemented). The Company
      shall not file a Registration Statement, any Prospectus or any amendments or
      supplements thereto in which it (i) characterizes any Holder as an
      underwriter, (ii) excludes a particular Holder due to such Holder refusing
      to be named as an underwriter, or (iii) reduces the number of Registrable
      Securities being registered on behalf of a Holder except pursuant to, in the
      case of subsection (iii), the Commission Comments, without, in each case, such
      Holder’s express written authorization.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (b) (i)
      Prepare and file with the Commission such amendments, including post-effective
      amendments, to each Registration Statement and the Prospectus used in connection
      therewith as may be necessary to keep such Registration Statement continuously
      effective as to the applicable Registrable Securities for its Effectiveness
      Period and prepare and file with the Commission such additional Registration
      Statements in order to register for resale under the Securities Act all of
      the
      Registrable Securities; (ii) cause the related Prospectus to be amended or
      supplemented by any required Prospectus supplement, and as so supplemented
      or
      amended to be filed pursuant to Rule 424; (iii) respond as promptly as
      reasonably possible to any comments received from the Commission with respect
      to
      each Registration Statement or any amendment thereto and, as promptly as
      reasonably possible provide the Holders true and complete copies of all
      correspondence from and to the Commission relating to such Registration
      Statement that would not result in the disclosure to the Holders of material
      and
      non-public information concerning the Company; and (iv) comply in all material
      respects with the provisions of the Securities Act and the Exchange Act with
      respect to the Registration Statement(s) and the disposition of all Registrable
      Securities covered by each Registration Statement.

     

    (c) Notify
      the Holders as promptly as reasonably possible (and, in the case of (i)(A)
      below, not less than three Trading Days prior to such filing and, in the case
      of
      (v) below, not less than three Trading Days prior to the financial statements
      in
      any Registration Statement becoming ineligible for inclusion therein) and (if
      requested by any such Person) confirm such notice in writing no later than
      one
      Trading Day following the day (i)(A) when a Prospectus or any Prospectus
      supplement or post-effective amendment to a Registration Statement is proposed
      to be filed; (B) when the Commission notifies the Company whether there will
      be
      a "review" of such Registration Statement and whenever the Commission comments
      in writing on such Registration Statement (the Company shall provide true and
      complete copies thereof and all written responses thereto to each of the Holders
      that pertain to the Holders as a Selling Stockholder or to the Plan of
      Distribution, but not information which the Company believes would constitute
      material and non-public information); and (C) with respect to each Registration
      Statement or any post-effective amendment, when the same has become effective;
      (ii) of any request by the Commission or any other Federal or state governmental
      authority for amendments or supplements to a Registration Statement or
      Prospectus or for additional information; (iii) of the issuance by the
      Commission of any stop order suspending the effectiveness of a Registration
      Statement covering any or all of the Registrable Securities or the initiation
      of
      any Proceedings for that purpose; (iv) of the receipt by the Company of any
      notification with respect to the suspension of the qualification or exemption
      from qualification of any of the Registrable Securities for sale in any
      jurisdiction, or the initiation or threatening of any Proceeding for such
      purpose; and (v) of the occurrence of any event or passage of time that makes
      the financial statements included in a Registration Statement ineligible for
      inclusion therein or any statement made in such Registration Statement or
      Prospectus or any document incorporated or deemed to be incorporated therein
      by
      reference untrue in any material respect or that requires any revisions to
      such
      Registration Statement, Prospectus or other documents so that, in the case
      of
      such Registration Statement or the Prospectus, as the case may be, it will
      not
      contain any untrue statement of a material fact or omit to state any material
      fact required to be stated therein or necessary to make the statements therein,
      in light of the circumstances under which they were made, not
      misleading.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (d) 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.

     

    (e) Furnish
      to each Holder, without charge, at least one conformed copy of each Registration
      Statement and each amendment thereto and all exhibits to the extent requested
      by
      such Person (including those previously furnished) promptly after the filing
      of
      such documents with the Commission.

     

    (f) Promptly
      deliver to each Holder, without charge, as many copies of each Prospectus or
      Prospectuses (including each form of prospectus) and each amendment or
      supplement thereto as such Persons may reasonably request. The Company hereby
      consents to the use of such Prospectus and each amendment or supplement thereto
      by each of the selling Holders in connection with the offering and sale of
      the
      Registrable Securities covered by such Prospectus and any amendment or
      supplement thereto.

     

    (g) Prior
      to
      any public offering of Registrable Securities, register or qualify such
      Registrable Securities for offer and sale under the securities or Blue Sky
      laws
      of all jurisdictions within the United States as any Holder may request, to
      keep
      each such registration or qualification (or exemption therefrom) effective
      during the Effectiveness Period and to do any and all other acts or things
      necessary or advisable to enable the disposition in such jurisdictions of the
      Registrable Securities covered by the Registration Statement(s).

     

    (h) Cooperate
      with the Holders to facilitate the timely preparation and delivery of
      certificates representing Registrable Securities to be delivered to a transferee
      pursuant to the Registration Statement(s), which certificates shall be free,
      to
      the extent permitted by the Purchase Agreement, of all restrictive legends,
      and
      to enable such Registrable Securities to be in such denominations and registered
      in such names as any such Holders may request.

     

    (i) Upon
      the
      occurrence of any event contemplated by Section 3(c)(v), as promptly as
      reasonably possible, prepare a supplement or amendment, including a
      post-effective amendment, to the affected Registration Statements or a
      supplement to the related Prospectus or any document incorporated or deemed
      to
      be incorporated therein by reference, and file any other required document
      so
      that, as thereafter delivered, no Registration Statement nor any Prospectus
      will
      contain an untrue statement of a material fact or omit to state a material
      fact
      required to be stated therein or necessary to make the statements therein,
      in
      light of the circumstances under which they were made, not
      misleading.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    4. Registration
      Expenses.
      All
      fees and expenses incident to the performance of or compliance with this
      Agreement by the Company shall be borne by the Company whether or not any
      Registrable Securities are sold pursuant to a Registration Statement. The fees
      and expenses referred to in the foregoing sentence shall include, without
      limitation, (i) all registration and filing fees (including, without limitation,
      fees and expenses (A) with respect to filings required to be made with any
      Trading Market on which the Common Stock is then listed for trading, and (B)
      in
      compliance with applicable state securities or Blue Sky laws), (ii) printing
      expenses (including, without limitation, expenses of printing certificates
      for
      Registrable Securities and of printing prospectuses if the printing of
      prospectuses is reasonably requested by the holders of a majority of the
      Registrable Securities included in the Registration Statement), (iii) messenger,
      telephone and delivery expenses, (iv) fees and disbursements of counsel for
      the
      Company, (v) Securities Act liability insurance, if the Company so desires
      such
      insurance, and (vi) fees and expenses of all other Persons retained by the
      Company in connection with the consummation of the transactions contemplated
      by
      this Agreement. In addition, the Company shall be responsible for all of its
      internal expenses incurred in connection with the consummation of the
      transactions contemplated by this Agreement (including, without limitation,
      all
      salaries and expenses of its officers and employees performing legal or
      accounting duties), the expense of any annual audit and the fees and expenses
      incurred in connection with the listing of the Registrable Securities on any
      securities exchange as required hereunder.

     

    5. Indemnification.

     

    (a) Indemnification
      by the Company.
      The
      Company shall, notwithstanding any termination of this Agreement, indemnify
      and
      hold harmless each Holder, the officers, directors, agents, investment advisors,
      partners, members and employees of each of them, each Person who controls any
      such Holder (within the meaning of Section 15 of the Securities Act or Section
      20 of the Exchange Act) and the officers, directors, agents and employees of
      each such controlling Person, to the fullest extent permitted by applicable
      law,
      from and against any and all losses, claims, damages, liabilities, costs
      (including, without limitation, reasonable costs of preparation and reasonable
      attorneys' fees) and expenses (collectively, "Losses"),
      as
      incurred, arising out of or relating to any untrue or alleged untrue statement
      of a material fact contained in any Registration Statement, any Prospectus
      or
      any form of prospectus or in any amendment or supplement thereto or in any
      preliminary prospectus, or arising out of or relating to any omission or alleged
      omission of a material fact required to be stated therein or necessary to make
      the statements therein (in the case of any Prospectus or form of prospectus
      or
      supplement thereto, in light of the circumstances under which they were made)
      not misleading, except to the extent, but only to the extent, that (1) such
      untrue statements or omissions are based solely upon information regarding
      such
      Holder furnished in writing to the Company by such Holder expressly for use
      therein, or to the extent that such information relates to such Holder or such
      Holder's proposed method of distribution of Registrable Securities and was
      reviewed and expressly approved in writing by such Holder expressly for use
      in
      the Registration Statement, such Prospectus or such form of Prospectus or in
      any
      amendment or supplement thereto (it being understood that the Holder has
      approved Annex A hereto for this purpose) or (2) in the case of an occurrence
      of
      an event of the type specified in Section 3(c)(ii)-(v), the use by such Holder
      of an outdated or defective Prospectus after the Company has notified such
      Holder in writing that the Prospectus is outdated or defective and prior to
      the
      receipt by such Holder of an Advice or an amended or supplemented Prospectus,
      but only if and to the extent that following the receipt of the Advice or the
      amended or supplemented Prospectus the misstatement or omission giving rise
      to
      such Loss would have been corrected. The Company shall notify the Holders
      promptly of the institution, threat or assertion of any Proceeding of which
      the
      Company is aware in connection with the transactions contemplated by this
      Agreement.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (b) Indemnification
      by Holders.
      Each
      Holder shall, severally and not jointly, indemnify and hold harmless the
      Company, its directors, officers, agents and employees, each Person who controls
      the Company (within the meaning of Section 15 of the Securities Act and Section
      20 of the Exchange Act), and the directors, officers, agents or employees of
      such controlling Persons, to the fullest extent permitted by applicable law,
      from and against all Losses, as incurred, arising solely out of or based solely
      upon: (x) such Holder's failure to comply with the prospectus delivery
      requirements of the Securities Act or (y) any untrue statement of a material
      fact contained in any Registration Statement, any Prospectus, or any form of
      prospectus, or in any amendment or supplement thereto, or arising solely out
      of
      or based solely upon any omission of a material fact required to be stated
      therein or necessary to make the statements therein not misleading to the
      extent, but only to the extent that, (1) such untrue statements or omissions
      are
      based solely upon information regarding such Holder furnished in writing to
      the
      Company by such Holder expressly for use therein, or to the extent that such
      information relates to such Holder or such Holder's proposed method of
      distribution of Registrable Securities and was reviewed and expressly approved
      in writing by such Holder expressly for use in the Registration Statement (it
      being understood that the Holder has approved Annex A hereto for this purpose),
      such Prospectus or such form of Prospectus or in any amendment or supplement
      thereto or (2) in the case of an occurrence of an event of the type specified
      in
      Section 3(c)(ii)-(v), the use by such Holder of an outdated or defective
      Prospectus after the Company has notified such Holder in writing that the
      Prospectus is outdated or defective and prior to the receipt by such Holder
      of
      an Advice or an amended or supplemented Prospectus, but only if and to the
      extent that following the receipt of the Advice or the amended or supplemented
      Prospectus the misstatement or omission giving rise to such Loss would have
      been
      corrected. In no event shall the liability of any selling Holder hereunder
      be
      greater in amount than the dollar amount of the net proceeds received by such
      Holder upon the sale of the Registrable Securities giving rise to such
      indemnification obligation.

     

    (c) Conduct
      of Indemnification Proceedings.
      If any
      Proceeding shall be brought or asserted against any Person entitled to indemnity
      hereunder (an "Indemnified
      Party"),
      such
      Indemnified Party shall promptly notify the Person from whom indemnity is sought
      (the "Indemnifying
      Party")
      in
      writing, and the Indemnifying Party shall assume the defense thereof, including
      the employment of counsel reasonably satisfactory to the Indemnified Party
      and
      the payment of all fees and expenses incurred in connection with defense
      thereof; provided, that the failure of any Indemnified Party to give such notice
      shall not relieve the Indemnifying Party of its obligations or liabilities
      pursuant to this Agreement, except (and only) to the extent that it shall be
      finally determined by a court of competent jurisdiction (which determination
      is
      not subject to appeal or further review) that such failure shall have
      proximately and materially adversely prejudiced the Indemnifying
      Party.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    An
      Indemnified Party shall have the right to employ separate counsel in any such
      Proceeding and to participate in the defense thereof, but the fees and expenses
      of such counsel shall be at the expense of such Indemnified Party or Parties
      unless: (1) the Indemnifying Party has agreed in writing to pay such fees and
      expenses; (2) the Indemnifying Party shall have failed promptly to assume the
      defense of such Proceeding and to employ counsel reasonably satisfactory to
      such
      Indemnified Party in any such Proceeding; or (3) the named parties to any such
      Proceeding (including any impleaded parties) include both such Indemnified
      Party
      and the Indemnifying Party, and such Indemnified Party shall have been advised
      by counsel that a conflict of interest is likely to exist if the same counsel
      were to represent such Indemnified Party and the Indemnifying Party (in which
      case, if such Indemnified Party notifies the Indemnifying Party in writing
      that
      it elects to employ separate counsel at the expense of the Indemnifying Party,
      the Indemnifying Party shall not have the right to assume the defense thereof
      and such counsel shall be at the expense of the Indemnifying Party). The
      Indemnifying Party shall not be liable for any settlement of any such Proceeding
      effected without its written consent, which consent shall not be unreasonably
      withheld. No Indemnifying Party shall, without the prior written consent of
      the
      Indemnified Party, effect any settlement of any pending Proceeding in respect
      of
      which any Indemnified Party is a party, unless such settlement includes an
      unconditional release of such Indemnified Party from all liability on claims
      that are the subject matter of such Proceeding.

     

    All
      fees
      and expenses of the Indemnified Party (including reasonable fees and expenses
      to
      the extent incurred in connection with investigating or preparing to defend
      such
      Proceeding in a manner not inconsistent with this Section) shall be paid to
      the
      Indemnified Party, as incurred, within ten Trading Days of written notice
      thereof to the Indemnifying Party (regardless of whether it is ultimately
      determined that an Indemnified Party is not entitled to indemnification
      hereunder; provided, that the Indemnifying Party may require such Indemnified
      Party to undertake to reimburse all such fees and expenses to the extent it
      is
      finally judicially determined that such Indemnified Party is not entitled to
      indemnification hereunder).

     

    (d) Contribution.
      If a
      claim for indemnification under Section 5(a) or 5(b) is unavailable to an
      Indemnified Party (by reason of public policy or otherwise), then each
      Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall
      contribute to the amount paid or payable by such Indemnified Party as a result
      of such Losses, in such proportion as is appropriate to reflect the relative
      fault of the Indemnifying Party and Indemnified Party in connection with the
      actions, statements or omissions that resulted in such Losses as well as any
      other relevant equitable considerations. The relative fault of such Indemnifying
      Party and Indemnified Party shall be determined by reference to, among other
      things, whether any action in question, including any untrue or alleged untrue
      statement of a material fact or omission or alleged omission of a material
      fact,
      has been taken or made by, or relates to information supplied by, such
      Indemnifying Party or Indemnified Party, and the parties' relative intent,
      knowledge, access to information and opportunity to correct or prevent such
      action, statement or omission. The amount paid or payable by a party as a result
      of any Losses shall be deemed to include, subject to the limitations set forth
      in Section 5(c), any reasonable attorneys' or other reasonable fees or expenses
      incurred by such party in connection with any Proceeding to the extent such
      party would have been indemnified for such fees or expenses if the
      indemnification provided for in this Section was available to such party in
      accordance with its terms.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    The
      parties hereto agree that it would not be just and equitable if contribution
      pursuant to this Section 5(d) were determined by pro rata allocation or by
      any
      other method of allocation that does not take into account the equitable
      considerations referred to in the immediately preceding paragraph.
      Notwithstanding the provisions of this Section 5(d), no Holder shall be required
      to contribute, in the aggregate, any amount in excess of the amount by which
      the
      proceeds actually received by such Holder from the sale of the Registrable
      Securities subject to the Proceeding exceeds the amount of any damages that
      such
      Holder has otherwise been required to pay by reason of such untrue or alleged
      untrue statement or omission or alleged omission.

     

    The
      indemnity and contribution agreements contained in this Section are in addition
      to any liability that the Indemnifying Parties may have to the Indemnified
      Parties.

     

    6. Miscellaneous.

     

    (a) Remedies.
      In the
      event of a breach by the Company or by a Holder, of any of their obligations
      under this Agreement, each Holder or the Company, as the case may be, in
      addition to being entitled to exercise all rights granted by law and under
      this
      Agreement, including recovery of damages, will be entitled to specific
      performance of its rights under this Agreement. The Company and each Holder
      agree that monetary damages would not provide adequate compensation for any
      losses incurred by reason of a breach by it of any of the provisions of this
      Agreement and hereby further agrees that, in the event of any action for
      specific performance in respect of such breach, it shall waive the defense
      that
      a remedy at law would be adequate.

     

    (b) No
      Piggyback on Registrations.
      Except
      as set forth on Schedule
      3.1(v)
      to the
      Purchase Agreement, neither the Company nor any of its security holders (other
      than the Holders in such capacity pursuant hereto) may include securities of
      the
      Company in a Registration Statement other than the Registrable Securities,
      and
      the Company shall not during the Effectiveness Period enter into any agreement
      providing any such right to any of its security holders.

     

    (c) Compliance.
      Each
      Holder covenants and agrees that it will comply with the prospectus delivery
      requirements of the Securities Act as applicable to it in connection with sales
      of Registrable Securities pursuant to the Registration Statement.

     

    (d) Discontinued
      Disposition.
      Each
      Holder agrees by its acquisition of such Registrable Securities that, upon
      receipt of a notice from the Company of the occurrence of any event of the
      kind
      described in Section 3(c), such Holder will forthwith discontinue disposition
      of
      such Registrable Securities under the Registration Statement until such Holder's
      receipt of the copies of the supplemented Prospectus and/or amended Registration
      Statement or until it is advised in writing (the "Advice")
      by the
      Company that the use of the applicable Prospectus may be resumed, and, in either
      case, has received copies of any additional or supplemental filings that are
      incorporated or deemed to be incorporated by reference in such Prospectus or
      Registration Statement. The Company may provide appropriate stop orders to
      enforce the provisions of this paragraph.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    (e) 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 Commission a registration statement
      relating to an offering for its own account or the account of others under
      the
      Securities Act of any of its equity securities, other than on Form S-4 or Form
      S-8 (each as promulgated under the Securities Act) or their then equivalents
      relating to equity securities to be issued solely in connection with any
      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 each Holder written notice of such determination and, if within
      fifteen calendar days after receipt of such notice, any such Holder shall so
      request in writing, the Company shall include in such registration statement
      all
      or any part of such Registrable Securities such holder requests to be
      registered, subject to customary underwriter cutbacks applicable to all holders
      of registration rights.

     

    (f) Amendments
      and Waivers.
      The
      provisions of this Agreement, including the provisions of this Section 6(f),
      may
      not be amended, modified or supplemented, and waivers or consents to departures
      from the provisions hereof may not be given, unless the same shall be in writing
      and signed by the Company and the Holders of no less than a majority in interest
      of the then outstanding Registrable Securities. Notwithstanding the foregoing,
      a
      waiver or consent to depart from the provisions hereof with respect to a matter
      that relates exclusively to the rights of certain Holders and that does not
      directly or indirectly affect the rights of other Holders may be given by
      Holders of at least a majority of the Registrable Securities to which such
      waiver or consent relates; provided,
      further
      that no amendment or waiver to any provision of this Agreement relating to
      naming any Holder or requiring the naming of any Holder as an underwriter may
      be
      effected in any manner without such Holder’s prior written consent. Section 2(a)
      may not be amended or waived except by written consent of each Holder affected
      by such amendment or waiver. 

     

    (g) Notices.
      Any and
      all notices or other communications or deliveries required or permitted to
      be
      provided hereunder shall be in writing and shall be deemed given and effective
      on the earliest of (a) the date of transmission, if such notice or communication
      is delivered via facsimile (provided the sender receives a machine-generated
      confirmation of successful transmission) at the facsimile number specified
      in
      this Section prior to 6:30 p.m. (New York City time) on a Trading Day, (b)
      the
      next Trading Day after the date of transmission, if such notice or communication
      is delivered via facsimile at the facsimile number specified in this Section
      on
      a day that is not a Trading Day or later than 6:30 p.m. (New York City time)
      on
      any Trading Day, (c) the Trading Day following the date of mailing, if sent
      by
      U.S. nationally recognized overnight courier service, or (d) upon actual receipt
      by the party to whom such notice is required to be given. The address for such
      notices and communications shall be as follows:

     

    
      	
              If
                to the Company:

            	
              Energroup
                Holdings Corp.

            
	 	
              No.
                9, Xin Yi Street, Ganjingzi District

            
	 	
              Dalian
                City, Liaoning Province

            
	 	
              PRC
                116039

            
	 	
              Facsimile:
                +86 411 867 166 90

            
	 	
              Attn.:
                President

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    
      	
              With
                a copy to:

            	
              Richardson
                & Patel, LLP

            
	 	
              Murdock
                Plaza

            
	 	
              10900
                Wilshire Boulevard, Suite 500

            
	 	
              Los
                Angeles, California 90024

            
	 	
              Facsimile:
                (310) 208-1154

            
	 	
              Attn.:
                Kevin K. Leung, Esq.

            
	 	 
	
              If
                to a Investor: 

            	
              To
                the address set forth under such Investor's name on the signature
                pages
                hereto.

            
	 	 
	If
              to any other Person who is then the registered Holder:
	 	 
	 	
              To
                the address of such Holder as it appears in the stock transfer
                books of the Company 

            

    

     

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

     

    (h) Successors
      and Assigns.
      This
      Agreement shall inure to the benefit of and be binding upon the successors
      and
      permitted assigns of each of the parties and shall inure to the benefit of
      each
      Holder. The Company may not assign its rights or obligations hereunder without
      the prior written consent of each Holder. Each Holder may assign their
      respective rights hereunder in the manner and to the Persons as permitted under
      the Purchase Agreement.

     

    (i) Execution
      and Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and, all of which taken together
      shall constitute one and the same Agreement. In the event that any signature
      is
      delivered by facsimile transmission, such signature shall create a valid binding
      obligation of the party executing (or on whose behalf such signature is
      executed) the same with the same force and effect as if such facsimile signature
      were the original thereof.

     

    (j) Governing
      Law.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be governed by and construed and enforced in accordance
      with the internal laws of the State of New York, without regard to the
      principles of conflicts of law thereof. Each party agrees that all Proceedings
      concerning the interpretations, enforcement and defense of the transactions
      contemplated by this Agreement (whether brought against a party hereto or its
      respective Affiliates, employees or agents) will be commenced in the New York
      Courts. Each party hereto hereby irrevocably submits to the exclusive
      jurisdiction of the New York Courts for the adjudication of any dispute
      hereunder or in connection herewith or with any transaction contemplated hereby
      or discussed herein, and hereby irrevocably waives, and agrees not to assert
      in
      any Proceeding, any claim that it is not personally subject to the jurisdiction
      of any New York Court, or that such Proceeding has been commenced in an improper
      or inconvenient forum. Each party hereto hereby irrevocably waives personal
      service of process and consents to process being served in any such Proceeding
      by mailing a copy thereof via registered or certified mail or overnight delivery
      (with evidence of delivery) to such party at the address in effect for notices
      to it under this Agreement and agrees that such service shall constitute good
      and sufficient service of process and notice thereof. Nothing contained herein
      shall be deemed to limit in any way any right to serve process in any manner
      permitted by law. Each party hereto hereby irrevocably waives, to the fullest
      extent permitted by applicable law, any and all right to trial by jury in any
      Proceeding arising out of or relating to this Agreement or the transactions
      contemplated hereby. If either party shall commence a Proceeding to enforce
      any
      provisions of this Agreement, then the prevailing party in such Proceeding
      shall
      be reimbursed by the other party for its attorney’s fees and other costs and
      expenses incurred with the investigation, preparation and prosecution of such
      Proceeding.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    (k) Cumulative
      Remedies.
      The
      remedies provided herein are cumulative and not exclusive of any remedies
      provided by law.

     

    (l) Severability.
      If any
      term, provision, covenant or restriction of this Agreement is held by a court
      of
      competent jurisdiction to be invalid, illegal, void or unenforceable, the
      remainder of the terms, provisions, covenants and restrictions set forth herein
      shall remain in full force and effect and shall in no way be affected, impaired
      or invalidated, and the parties hereto shall use their reasonable efforts to
      find and employ an alternative means to achieve the same or substantially the
      same result as that contemplated by such term, provision, covenant or
      restriction. It is hereby stipulated and declared to be the intention of the
      parties that they would have executed the remaining terms, provisions, covenants
      and restrictions without including any of such that may be hereafter declared
      invalid, illegal, void or unenforceable.

     

    (m) Headings.
      The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

     

    (n) Independent
      Nature of Investors' Obligations and Rights.
      The
      obligations of each Investor under this Agreement are several and not joint
      with
      the obligations of each other Investor, and no Investor shall be responsible
      in
      any way for the performance of the obligations of any other Investor under
      this
      Agreement. Nothing contained herein or in any Transaction Document, and no
      action taken by any Investor pursuant thereto, shall be deemed to constitute
      the
      Investors as a partnership, an association, a joint venture or any other kind
      of
      entity, or create a presumption that the Investors are in any way acting in
      concert or as a group with respect to such obligations or the transactions
      contemplated by this Agreement or any other Transaction Document. Each Investor
      acknowledges that no other Investor will be acting as agent of such Investor
      in
      enforcing its rights under this Agreement. Each Investor shall be entitled
      to
      independently protect and enforce its rights, including without limitation
      the
      rights arising out of this Agreement, and it shall not be necessary for any
      other Investor to be joined as an additional party in any Proceeding for such
      purpose. The Company acknowledges that each of the Investors has been provided
      with the same Registration Rights Agreement for the purpose of closing a
      transaction with multiple Investors and not because it was required or requested
      to do so by any Investor.

     

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        16

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Registration Rights Agreement
      as
      of the date first written above.

     

    
      	
              ENERGROUP
                HOLDINGS CORPORATION

            
	 	 
	 	 
	
              By:

            	 	
            
	 	
              Name:

            
	 	
              Title:

            

    

     

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      OF PAGE INTENTIONALLY LEFT BLANK

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      PAGES OF INVESTORS TO FOLLOW]

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed this Registration Rights Agreement
      as
      of the date first written above.

     

    

    
      	
              NAME
                OF INVESTING ENTITY

            
	 
	 	 
	
              By:
                

            	 
	 	
              Name:

            
	 	
              Title:

            

    

    

    
      	
              ADDRESS
                FOR NOTICE

            	 

    

     

    
      	
              c/o:
                

            	 

    

     

    
      	
              Street:

            	 

    

     

    
      	
              City/State/Zip:

            	 

    

     

    
      	
              Attention:

            	 

    

     

    
      	
              Tel:

            	 

    

     

    
      	
              Fax:

            	 

    

     

    
      	
              Email:

            	 

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    Annex
      A

     

    Plan
      of
      Distribution

     

    The
      Selling Stockholders and any of their pledgees, donees, transferees, assignees
      and successors-in-interest may, from time to time, sell any or all of their
      shares of Common Stock on any stock exchange, market or trading facility on
      which the shares are traded or quoted or in private transactions. These sales
      may be at fixed or negotiated prices. The Selling Stockholders may use any
      one
      or more of the following methods when selling shares:

     

    
      	
              ·

            	
              ordinary
                brokerage transactions and transactions in which the broker-dealer
                solicits Investors;

            

    

     

    
      	
              ·

            	
              block
                trades in which the broker-dealer will attempt to sell the shares
                as agent
                but may position and resell a portion of the block as principal to
                facilitate the transaction;

            

    

     

    
      	
              ·

            	
              purchases
                by a broker-dealer as principal and resale by the broker-dealer for
                its
                account;

            

    

     

    
      	
              ·

            	
              an
                exchange distribution in accordance with the rules of the applicable
                exchange;

            

    

     

    
      	
              ·

            	
              privately
                negotiated transactions;

            

    

     

    
      	
              ·

            	
              to
                cover short sales made after the date that this Registration Statement
                is
                declared effective by the Commission;

            

    

     

    
      	
              ·

            	
              broker-dealers
                may agree with the Selling Stockholders to sell a specified number
                of such
                shares at a stipulated price per
                share;

            

    

     

    
      	
              ·

            	
              a
                combination of any such methods of sale;
                and

            

    

     

    
      	
              ·

            	
              any
                other method permitted pursuant to applicable
                law.

            

    

     

    The
      Selling Stockholders may also sell shares under Rule 144 under the Securities
      Act, if available, rather than under this prospectus.

     

    Broker-dealers
      engaged by the Selling Stockholders may arrange for other brokers-dealers to
      participate in sales. Broker-dealers may receive commissions or discounts from
      the Selling Stockholders (or, if any broker-dealer acts as agent for the
      purchaser of shares, from the purchaser) in amounts to be negotiated. The
      Selling Stockholders do not expect these commissions and discounts to exceed
      what is customary in the types of transactions involved.

     

    The
      Selling Stockholders may from time to time pledge or grant a security interest
      in some or all of the Shares owned by them and, if they default in the
      performance of their secured obligations, the pledgees or secured parties may
      offer and sell shares of Common Stock from time to time under this prospectus,
      or under an amendment to this prospectus under Rule 424(b)(3) or other
      applicable provision of the Securities Act of 1933 amending the list of selling
      stockholders to include the pledgee, transferee or other successors in interest
      as selling stockholders under this prospectus.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    Upon
      the
      Company being notified in writing by a Selling Stockholder that any material
      arrangement has been entered into with a broker-dealer for the sale of Common
      Stock through a block trade, special offering, exchange distribution or
      secondary distribution or a purchase by a broker or dealer, a supplement to
      this
      prospectus will be filed, if required, pursuant to Rule 424(b) under the
      Securities Act, disclosing (i) the name of each such Selling Stockholder and
      of
      the participating broker-dealer(s), (ii) the number of shares involved, (iii)
      the price at which such the shares of Common Stock were sold, (iv)the
      commissions paid or discounts or concessions allowed to such broker-dealer(s),
      where applicable, (v) that such broker-dealer(s) did not conduct any
      investigation to verify the information set out or incorporated by reference
      in
      this prospectus, and (vi) other facts material to the transaction. In addition,
      upon the Company being notified in writing by a Selling Stockholder that a
      donee
      or pledgee intends to sell more than 500 shares of Common Stock, a supplement
      to
      this prospectus will be filed if then required in accordance with applicable
      securities law.

     

    The
      Selling Stockholders also may transfer the shares of Common Stock in other
      circumstances, in which case the transferees, pledgees or other successors
      in
      interest will be the selling beneficial owners for purposes of this
      prospectus.

     

    The
      Selling Stockholders and any broker-dealers or agents that are involved in
      selling the shares may be deemed to be "underwriters" within the meaning of
      the
      Securities Act in connection with such sales. In such event, any commissions
      received by such broker-dealers or agents and any profit on the resale of the
      shares purchased by them may be deemed to be underwriting commissions or
      discounts under the Securities Act. Discounts, concessions, commissions and
      similar selling expenses, if any, that can be attributed to the sale of
      Securities will be paid by the Selling Stockholder and/or the purchasers. Each
      Selling Stockholder has represented and warranted to the Company that it
      acquired the securities subject to this Registration Statement in the ordinary
      course of such Selling Stockholder’s business and, at the time of its purchase
      of such securities such Selling Stockholder had no agreements or understandings,
      directly or indirectly, with any person to distribute any such securities.
      

     

    The
      Company has advised each Selling Stockholder that it may not use shares
      registered on this Registration Statement to cover short sales of Common Stock
      made prior to the date on which this Registration Statement shall have been
      declared effective by the Commission. If a Selling Stockholder uses this
      prospectus for any sale of the Common Stock, it will be subject to the
      prospectus delivery requirements of the Securities Act. The Selling Stockholders
      will be responsible to comply with the applicable provisions of the Securities
      Act and Exchange Act, and the rules and regulations thereunder promulgated,
      including, without limitation, Regulation M, as applicable to such Selling
      Stockholders in connection with resales of their respective shares under this
      Registration Statement.

     

    The
      Company is required to pay all fees and expenses incident to the registration
      of
      the shares, but the Company will not receive any proceeds from the sale of
      the
      Common Stock. The Company has agreed to indemnify the Selling Stockholders
      against certain losses, claims, damages and liabilities, including liabilities
      under the Securities Act. 

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    Annex
      B

     

    ENERGROUP
      HOLDINGS CORPORATION

     

    Selling
      Securityholder Notice and Questionnaire

     

    The
      undersigned beneficial owner of common stock (the “Common
      Stock”),
      of
      Energroup Holdings Corporation, a Nevada corporation (the “Company”),
      understands that the Company has filed or intends to file with the Securities
      and Exchange Commission (the “Commission”)
      a
      Registration Statement for the registration and resale of the Registrable
      Securities, in accordance with the terms of the Registration Rights Agreement,
      dated as of December 31, 2007 (the “Registration
      Rights Agreement”),
      among
      the Company and the Investors named therein. A copy of the Registration Rights
      Agreement is available from the Company upon request at the address set forth
      below. All capitalized terms used and not otherwise defined herein shall have
      the meanings ascribed thereto in the Registration Rights Agreement.

     

    The
      undersigned hereby provides the following information to the Company and
      represents and warrants that such information is accurate:

     

    QUESTIONNAIRE

     

    1. Name.

     

    
      	 	(a)	Full
              Legal Name of Selling Securityholder
	 	 	 
	 	 	 
	 	(b)	Full
              Legal Name of Registered Holder (if not the same as (a) above) through
              which Registrable Securities Listed in Item 3 below are held:
	 	 	 
	 	 	 
	 	(c)	Full
              Legal Name of Natural Control Person (which means a natural person
              who
              directly or indirectly alone or with others has power to vote or dispose
              of the securities covered by the questionnaire):
	 	 	 

    

    
    

     

    2.
      Address for Notices to Selling Securityholder:

     

    
      	 
	 
	 
	
              Telephone:

            	 

    

    
      	
              Fax:

            	 

    

    
      	
              Contact Person:

            	 

    

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    3.
      Beneficial Ownership of Registrable Securities:

     

    
      	 	Type
              and Principal Amount of Registrable Securities beneficially
              owned:
	 	 
	 	 
	 	 

    

     

    4.
      Broker-Dealer Status:

     

    
      	 	
              (a)

            	
              Are
                you a broker-dealer?

            

    

     

    Yes
o    No
o

     

    
      	 	
              Note:

            	
              If
                yes, the Commission’s staff has indicated that you should be identified as
                an underwriter in the Registration
                Statement.

            

    

     

    
      	 	
              (b)

            	
              Are
                you an affiliate of a
                broker-dealer?

            

    

     

    Yes
o    No
o

     

    
      	 	
              (c)

            	
              If
                you are an affiliate of a broker-dealer, do you certify that you
                bought
                the Registrable Securities in the ordinary course of business, and
                at the
                time of the purchase of the Registrable Securities to be resold,
                you had
                no agreements or understandings, directly or indirectly, with any
                person
                to distribute the Registrable
                Securities?

            

    

     

    Yes
o    No
o

     

    
      	 	
              Note:

            	
              If
                no, the Commission’s staff has indicated that you should be identified as
                an underwriter in the Registration
                Statement.

            

    

     

    5.
      Beneficial Ownership of Other Securities of the Company Owned by the Selling
      Securityholder.

     

    Except
      as set forth below in this Item 5, the undersigned is not the beneficial or
      registered owner of any securities of the Company other than the Registrable
      Securities listed above in Item 3.

     

    
      	 	Type
              and Amount of Other Securities beneficially owned by the Selling
              Securityholder:
	 	 
	 	 
	 	 

    

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    6.
      Relationships with the Company:

     

    Except
      as set forth below, neither the undersigned nor any of its affiliates, officers,
      directors or principal equity holders (owners of 5% of more of the equity
      securities of the undersigned) has held any position or office or has had any
      other material relationship with the Company (or its predecessors or affiliates)
      during the past three years.

     

    
      	 	State
              any exceptions here:
	 	 
	 	 

    

     

    7.
      The
      Company has advised each Selling Stockholder that it may not use shares
      registered on the Registration Statement to cover short sales of Common Stock
      made prior to the date on which the Registration Statement is declared effective
      by the Commission, in accordance with 1997 Securities and Exchange Commission
      Manual of Publicly Available Telephone Interpretations Section A.65. If a
      Selling Stockholder uses the prospectus for any sale of the Common Stock, it
      will be subject to the prospectus delivery requirements of the Securities Act.
      The Selling Stockholders will be responsible to comply with the applicable
      provisions of the Securities Act and Exchange Act, and the rules and regulations
      thereunder promulgated, including, without limitation, Regulation M, as
      applicable to such Selling Stockholders in connection with resales of their
      respective shares under the Registration Statement.

     

    The
      undersigned agrees to promptly notify the Company of any inaccuracies or changes
      in the information provided herein that may occur subsequent to the date hereof
      and prior to the Effective Date for the Registration Statement.

     

    By
      signing below, the undersigned consents to the disclosure of the information
      contained herein in its answers to Items 1 through 6 and the inclusion of such
      information in the Registration Statement and the related prospectus. The
      undersigned understands that such information will be relied upon by the Company
      in connection with the preparation or amendment of the Registration Statement
      and the related prospectus.

     

    IN
      WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice
      and Questionnaire to be executed and delivered either in person or by its duly
      authorized agent.

     

    
      	
              Dated:
                

            	 	 	
              Beneficial Owner:
                

            	 

    

    

    
      	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    PLEASE
      FAX A COPY OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE, AND RETURN
      THE ORIGINAL BY OVERNIGHT MAIL, TO:

    

    [     ]

    

    
      
        
        

      

      
        24

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