Document:

form10qsb093007a_ex4-1.htm

     

    
      

      

    

    Exhibit
      4.1     Form of Warrant for 2007 Rule 506 Private
      Placement

    

    

    

    

    CHDT
      CORPORATION

    (formerly,
      “CHINA DIRECT TRADING CORPORATION”)

    (“Company”
      or “Issuer”)

    STOCK
      PURCHASE WARRANT

    

    THE
      SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE BEEN ACQUIRED FOR INVESTMENT
      PURPOSES ONLY AND FOR THE INVESTOR’S OWN PERSONAL ACCOUNT AND NOT WITH VIEW TO,
      OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF.

    

    THE
      WARRANT AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES ACT AND MAY NOT
      BE
      SOLD OR TRANSFERRED OR OTHERWISE DISPOSED WITHOUT AN EFFECTIVE REGISTRATION
      STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
      ACT, QUALIFICATION FOR AN EXEMPTION FROM SAID ACTS. THIS INVESTMENT MAY BE
      SUBJECT TO ADDITIONAL STATE REQUIREMENTS AS SET FORTH
      BELOW.

     

    THE
      OFFERING OF THIS WARRANT BY THE COMPANY IS MADE IN RELIANCE UPON AN EXEMPTION
      FROM REGISTRATION AFFORDED UNDER FLORIDA STATUTES SECTION
      517.061(11)(a).

     

    PURCHASES
      BY A FLORIDA INVESTOR OF THE WARRANT ISSUED BY THE COMPANY ARE VOIDABLE AT
      THE
      OPTION OF THE PURCHASER WITHIN THREE (3) DAYS AFTER THE FIRST TENDER OF
      CONSIDERATION IS MADE BY THE PURCHASER OF THE WARRANT TO THE COMPANY OR ITS
      AGENT, OR WITHIN THREE (3) DAYS AFTER THE AVAILABILITY OF THE PRIVILEGE IS
      COMMUNICATED TO THE PURCHASER, WHICHEVER OCCURS LATER.  IF PURCHASER
      OF THE WARRANT SHOULD DETERMINE TO WITHDRAW HIS OR HER OR ITS ACCEPTANCE OF
      THE
      OFFER TO INVEST IN THE WARRANT UNDER SUCH CIRCUMSTANCES, THE PURCHASER OF THE
      WARRANT MAY DO SO WITHOUT ANY LIABILITY WHATSOEVER.

     

    RESTRICTED
      STOCK PURCHASE WARRANT

    To
      Purchase Shares of China Direct Trading Corporation

    

    April
      30, 2007

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

             THIS
      CERTIFIES that_________, located at __________________ (the "Holder")
      is entitled, upon the terms and subject to the conditions hereinafter set forth,
      at any time on or after the date first written above and on or prior to April
      30, 2017, but not thereafter, to subscribe for and purchase, from CHDT
      Corporation, a Florida corporation (the "Company”) that number of shares of the
      Company's Common Stock, $0.0001 par value per share (the "Shares") that equals
      THIRTY PERCENT (30%) of the number of Shares purchased by the Holder under
      the
      April 2007 Private Placement by the Company of its Shares to the Holder, which
      number of Shares is: ______________Shares.  The Shares covered by this
      Warrant may be purchased at a purchase price per share of  $0.017 (the
      "Exercise Price"). "Shares" shall mean the Common Stock, $0.0001 par value
      per
      share,  of the Company.

    

             1.
      Exercise of Warrant.

    

                      (a)
      The purchase rights represented by this Warrant are exercisable by the Holder,
      in whole or in part, at any time after 9:00 a.m., local Miami time, on April
      30,
      2007, the date of this Warrant, and before 4:30 p.m., local Miami time, on
      April
      30, 2017, by the surrender of this Warrant and the Notice of Exercise annexed
      hereto duly executed at the office of the Company, in Cooper City,
      Florida  (or such other office of the Company as it may designate by
      notice in writing to the Holder at the address of the Holder appearing on the
      books of the Company), and upon payment of the Exercise Price of the Shares
      thereby purchased (by cash or by check or bank draft payable to the order of
      the
      Company in an amount equal to the aggregate Exercise Price of the Shares thereby
      purchased); whereupon the Holder shall be entitled to receive a certificate
      for
      the number of Shares so purchased. The Company agrees that if at the time of
      the
      surrender of this Warrant and purchase of the Shares, the Holder shall be
      entitled to exercise this Warrant, the Shares so purchased shall be and be
      deemed to be issued to such holder as the record owner of such Shares as of
      the
      close of business on the date on which this Warrant shall have been exercised
      as
      aforesaid.

    

             (b)
      Certificates for Shares purchased hereunder shall be delivered to the Holder
      within FIFTEEN (15) business days after the date on which this Warrant shall
      have been exercised as aforesaid.  For purposes of this Warrant,
“business day” shall mean any weekday, Monday through Friday, that the banks
      located in Miami, Florida are open for business.

    

             (c)
      The Company covenants that all Shares which may be issued upon the exercise
      of
      rights represented by this Warrant will, upon exercise of the rights represented
      by this Warrant, be fully paid and non-assessable and free from all taxes,
      liens
      and charges in respect of the issue thereof (other than taxes in respect of
      any
      transfer occurring contemporaneously with such issue).  The Shares
      shall be “restricted securities” as defined in Rule 144 of the Securities Act of
      1933, as amended, and may not be freely transferred, sold, or disposed of,
      or
      pledged, hypothecated or encumbered without registration of the Shares under
      the
      Securities Act of 1933, as amended, and similar state securities laws, or by
      obtaining an exemption under federal and state securities laws from such a
      registration.

    

    2.
      No
      Fractional Shares or Scrip. No fractional shares or scrip representing
      fractional shares shall be issued upon the exercise of this Warrant. With
      respect to any fraction of a Share called for upon the exercise of this Warrant,
      an amount equal to such fraction multiplied by the then current price at which
      each Share may be purchased hereunder shall be paid in cash to the
      Holder.

    

             3.
      Charges, Taxes and Expenses. Issuance of certificates for Shares upon the
      exercise of this Warrant shall be made without charge to the holder hereof
      for
      any issue or transfer tax or other incidental expense in respect of the issuance
      of such certificate, all of which taxes and expenses shall be paid by the
      Company, and such certificates shall be issued in the name of the
      Holder.

    

             4.
      No Rights as Shareholders. This Warrant does not entitle the Holder to any
      voting rights or other rights as a shareholder of the Company prior to the
      exercise of the Warrant and purchase of the underlying Shares.

    

             5.
      Loss, Theft, Destruction or Mutilation of Warrant. Upon receipt by the Company
      of evidence reasonably satisfactory to it of the loss, theft, destruction or
      mutilation of this Warrant, and in case of loss, theft or destruction, of
      indemnity or security reasonably satisfactory to it, and upon reimbursement
      to
      the Company of all reasonable expenses incidental thereto, and upon surrender
      and cancellation of this Warrant, if mutilated, the Company will make and
      deliver a new Warrant of like tenor and dated as of such cancellation, in lieu
      of this Warrant.

    

    6.
      Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking
      of any action or the expiration of any right required or granted herein shall
      be
      a Saturday or a Sunday or shall be a legal holiday in Miami, Florida, then
      such
      action may be taken or such right may be exercised on the next succeeding
      business day not a legal holiday.

    

             7.
      Automatic Exercise and Dilution.

    

                      (a)
      Automatic Exercise on Merger, etc. If at any time the Company proposes (A)
      the
      acquisition of the Company by another entity by means of any transaction or
      series of related transactions (including, without limitation, any
      reorganization, merger, consolidation or stock issuance) that results in the
      transfer of fifty percent (50%) or more of the then outstanding voting power
      of
      the Company; or (B) a sale of all or substantially all of the assets of the
      Company, then the Company shall give the Holder ten (10) days notice of the
      proposed effective date of such a transaction. If, in the case of an acquisition
      of the Company by an entity that has its securities publicly traded on a
      national securities exchange, the Warrant has not been exercised by the
      effective date of the transaction, the Warrant shall be automatically exercised
      on any business day thereafter that is selected by the Holder and is within
      90
      days of such effective date of the transaction.

    

                      (b)
      Reclassification, etc. If the Company at any time shall, by subdivision,
      combination or reclassification of securities or otherwise, change any of the
      securities to which purchase rights under this Warrant exist  into the
      same or a different number of securities of any class or classes, this Warrant
      shall thereafter be to acquire such number and kind of securities as would
      have
      been issuable as the result of such change with respect to the securities which
      were subject to the purchase rights under this Warrant immediately prior to
      such
      subdivision, combination, reclassification or other change. If the Shares are
      subdivided or combined into a greater or smaller number of Shares, the Exercise
      Price under this Warrant shall be proportionately reduced in case of subdivision
      of shares or proportionately increased in the case of combination of shares,
      in
      both cases by the ratio which the total number of Shares to be outstanding
      immediately after such event bears to the total number of Shares outstanding
      immediately prior to such event.

    

                      (c)
      Cash Distributions. No adjustment on account of cash dividends or interest
      on
      the Shares or other securities purchasable hereunder will be made to the
      Exercise Price under this Warrant.

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

             8.
      Miscellaneous.

    

                      (a)
      Issue Date. The provisions of this Warrant shall be construed and shall be
      given
      effect in all respect as if it had been issued and delivered by the Company
      on
      April 30, 2007. This Warrant shall be binding upon any successors or assigns
      of
      the Company. This Warrant shall constitute a contract under the laws of the
      State of Florida and for all purposes shall be construed in accordance with
      and
      governed by the laws of said state.

    

                      (b)
      Restrictions. The Holder acknowledges that the Shares acquired upon the exercise
      of this Warrant have restrictions upon its their resale, transfer, pledging
      or
      encumbrance imposed by state and federal securities laws.

    

    (c)
      Waivers and Amendments. This Warrant and any provisions hereof may be changed,
      waived, discharged or terminated only by an instrument in writing signed by
      the
      party against which enforcement of the same is sought.

    

     (d)
      Assignment and Transferability. This Warrant may be assigned or transferred
      by
      the Holder only with the prior written approval of the Company; provided,
      however, that no such approval of the Company shall be necessary for an
      assignment or transfer by a Holder to a fund, partnership, limited liability
      company or other entity that is affiliated with such transferring Holder or
      to a
      successor in interest to the Holder; provided, however, that, the transferee
      agrees in writing to be subject to the terms hereof to the same extent as if
      he,
      she or it were an original Holder hereunder.

    

    (e)  Accredited
      Investor.  The Holder hereby represents to the Company that it, he or
      she is an “Accredited Investor” (as defined in Rule 501(a) under Regulation D,
      as promulgated under the Securities Act of 1933, as
      amended.   Further, the Holder represents to the Company that the
      Holder is acquiring this Stock Purchase Warrant and the Shares that are acquired
      upon the exercise of this Stock Purchase Warrant solely for the Holder’s
      investment account and not with any intent to resell or distribute said
      securities to others.

    

    (f)  Reasonable
      Time.  The Holder has had reasonable time for the Holder and its
      professional advisors to ask questions about the business, financial and
      business development of the Company and to review any and all financial
      statements of the Company prior to the acceptance of this Warrant by the
      Holder.

    

    (g)  Questionnaire.  The
      Holder has completed the investor questionnaire attached hereto as Exhibit
      One
      and hereby represents to the Company that all responses by the Holder are true
      and complete as of the date of said questionnaire.  Holder further
      agrees and acknowledges that the Holder understands that the Company will rely
      on the completed questionnaire submitted by the Holder to ensure compliance
      with
      applicable federal and state securities laws and regulations in respect of
      the
      issuance of this Warrant to the Holder.

    

    (h)  Additional
      Acts.   The parties agree that they will take all actions and
      execute all instruments and documents reasonably necessary for the issuance
      of
      this Warrant and the  issuance of any Shares to fully comply with
      applicable federal and state securities laws and regulations,

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, CHDT CORP. has caused this Stock Purchase Warrant to be
      executed by its officers thereunto duly authorized.

    

    Dated:
      ____________________, 2007

    CHDT
      CORP.

    350
      Jim
      Moran Blvd., Suite 120

    Deerfield
      Beach, Florida 33442

    954
      252
      3440

    

    By:
      _____________________________________________________

    Gerry
      McClinton, Chief Operating
      Officer.

    

    

    

    

    NOTICE
      OF
      EXERCISE

    

    TO:
      CHDT
      CORP:

    

    (1)
      The
      undersigned hereby elects to purchase _______________________ shares
      of

    Common
      Stock, $0.0001 par value per share, (the "Shares") of CHDT CORP?, a Florida
      corporation, pursuant to the terms of the attached Warrant, and tenders herewith
      payment of the purchase price in full, together with all applicable transfer
      taxes, if any.

    

             (2)
      Please issue a certificate or certificates representing the Shares

    in
      the
      name of the undersigned or in such other name as is specified
      below:

    

    ____________________________________________________________________

    (Print
      Name)

    

    ___________________________________________________________________

    

    ____________________________________________________________________

    

    _____________________________________________________________________

    

             (3)
      The undersigned confirms that the Shares are being acquired for the account
      of
      the undersigned for investment only and not with a view to, or for resale in
      connection with, the distribution thereof and that the undersigned has no
      present intention of distributing or selling the Shares.

    

    Name:
      _________________________________________

    

    

    ________________________________________________

                            (Signature)

    

    ___________________________________________________

                          (Print
      Full Legal Name)

    

    Social
      Security or EIN Number:____________________________________

    

    

    

    4form10qsb093007a_ex4-2.htm

    
      

      

    

    Exhibit
      4.2   Form of Subscription Agreement for 2007 Rule 506 Private
      Placement

    

    

    

    PART
      C:  SUBSCRIPTION AGREEMENT & INVESTOR
      QUESTIONNAIRE

    

    By
      signing this Subscription Agreement and Purchaser Questionnaire (the
“Subscription Agreement”), I, the undersigned subscriber, (hereinafter referred
      to as “I”, “me”, “Investor” or “Subscriber”) hereby unconditionally subscribe
      for the Shares of CHDT Corp., a Florida corporation, in the number set forth
      below:

    

    SUBSCRIPTION
      AGREEMENT

    Dated
      _________, 2007

    

    This
      Subscription Agreement (“Agreement” or “Subscription”) for Shares in the Company
      is being made in accordance with this Private Placement Memorandum of the
      Company, dated _________, 2007, and consisting of the foregoing summary of
      the
      Offering, this Subscription Agreement and the attached Information Statement
      with attached and incorporated by reference documents (collectively, the
“Private Placement Memorandum”). YOU MAY WITHDRAW YOUR SUBSCRIPTION AND
      INVESTMENT WITHIN  THREE (3) DAYS AFTER RECEIPT BY THE COMPANY – WITH
      OR WITHOUT REASON – AND YOU MAY DO SO WITHOUT ANY LIABILITY TO
      YOU.  AFTER THE THREE (3) DAYS PERIOD, THE COMPANY MAY RECEIVE THE
      FUNDS OF YOUR INVESTMENT IF ALL OTHER CONDITIONS OF THE OFFERING ARE
      MET.

    

    Acknowledgment
      and Agreement

    

    I,
      the
      undersigned subscriber (hereinafter referred to as “I”, “me”, “my”, “mine”, or
“Subscriber”)  hereby acknowledge and agree, for the specific benefit
      and reliance of the Company and its organizers, members, managers and
      controlling persons, as follows:

    

    The
      Shares have not been registered under the Securities Act of 1933, as amended
      (the “Act”) or any state, including New York State, securities
      laws.  The Shares have not been qualified or registered with the
      office of the Attorney General of New York State or any other state securities
      agency.  The Shares may not be transferred unless registered under the
      Act or qualified with the securities regulatory agency of any state, which
      has
      jurisdiction over any such transfer unless an exemption from such registration
      or qualification is available. Transfer of the Shares is further restricted
      by
      this Agreement. I shall hold harmless the Company and its officers, directors,
      employees, “affiliates” (as defined in SEC rules) and controlling persons
      against loss or liability arising from the disposition, in violation of this
      Agreement, of the Shares subscribed for by this Agreement.

    

    INVESTOR
      SUITABILITY: You must be an “accredited investor” as defined in Rule
      501(a) of Regulation D of the Securities Act of 1933, as amended, to subscribe
      for Shares under this Offering. An “accredited investor” is an investor who is
      able to check either box A, B or C under Section 2 below.

    

    An
      investment in the Shares of the Company involves significant risk, including
      those set forth in this Private Placement Memorandum;

     

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
 

    The
      “Shares” are “restricted securities” (as defined in Rule 144 of the Securities
      Act of 1933, as amended) and may not be sold, encumbered, pledged, transferred
      or otherwise disposed without registration of the Shares under the Securities
      Act of 1933, as amended, and applicable state securities laws, or qualification
      for an exemption under federal securities laws and applicable New York State
      securities laws, and without a legal opinion satisfactory to the Company and
      opining that the Shares may be sold, encumbered, pledged, transferred or
      otherwise disposed without registration of the Shares under the Securities
      Act
      of 1933, as amended, and applicable state securities laws.

    

    Legends
      shall be placed on any certificates, which evidence the restrictions
      under

    federal
      and state securities laws and rules on the sale, transfer, encumbering or other
      disposition of the Shares; I had the opportunity to ask questions of and receive
      answers from the Company and its organizers about the offering, as I deemed
      necessary, to evaluate the merits and risks of an investment in the
      Company.

    

    I,
      or my
      purchaser representative, if any, received answers to our questions to our
      full
      satisfaction and obtained such additional information as we
      requested.  I consulted with investment, accounting, legal, and/or tax
      advisors, as I deemed appropriate and necessary, to make a decision to invest
      in
      the Company.

    

    Neither
      the Company, nor any of its organizers, members, managers or controlling persons
      has made any representations or warranties, oral, written or otherwise,
      concerning the Company or the offering, other than those contained in the
      Private Placement Memorandum.  In subscribing for the Shares, I am not
      relying on any information, other than the results of my own or my purchaser
      representative’s independent review of the Private Placement Memorandum of the
      Company and the Private Placement Memorandum and the exhibits thereto, the
      Operating Agreement, and any other written information provided by the Company
      to me or my purchaser’s representative at either my request or the request of my
      purchaser’s representative.

    

    Section
      1. Subscription and Payment for Shares.

    

    I
      hereby
      subscribe for ___________________________ (_______) Shares, at
      ______________________________________________________________Dollars and
      ________ Cents ($_____________________) per Share.  I enclose full
      payment of __________________________ Dollars ($_________) for such Shares
      by
      check or wire transfer made payable to “Paul W. Richter, Attorney,  In
      Trust for CHDT PPM 4/2007.”

    

    You
      must
      subscribe for and purchase at least Twenty Five Thousand Dollars and No Cents
      ($25,000) of Shares based on a purchase price of $0.017 per Share. A subscriber
      may subscribe for the entire offering amount of Five Hundred Thousand Dollars
      and No Cents ($500,000) of Shares based on the same purchase
      price.   The purchase price for the Shares is $0.017 per Share
      (“purchase price”), which is discounted from the closing Bid price of the Shares
      on the Over-the-Counter Bulletin Board or “OTCBB”
of  $0.02.

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
 

    Section
      2.  Representations and Warranties Regarding Personal
      Information

    

    The
      information set forth below is being furnished to the Company in order for
      the
      Company to determine whether you are qualified to purchase the Shares in light
      of the requirements of Section 4(2) of the Securities Act of 1933, as amended,
      and Rule 506 of Regulation D under the Securities Act of 1933, as
      amended.  You and your personal or investment representative agree
      that you have the knowledge and experience in financial and business affairs
      such that you are capable of evaluating the merits and risks of the proposed
      investment of the Shares.  You and your personal or investment
      representative agree and understand that the Company will rely on your
      representations in this Agreement to determine and verify compliance of the
      Offering with Section 4(2) of the Securities Act of 1933, as amended, and Rule
      506 of Regulation D under the Securities Act of 1933, as amended.  New
      York State securities laws do not require the registration or exemption from
      registration of Rule 506 offerings of securities. ‘

    

    As
      an
      inducement to the Company to sell the Shares subscribed for in this Agreement
      to
      me, and for the reliance of the Company and its organizers, members, angers,
      and
      controlling persons, I hereby represent and warrant to the Company and its
      organizers, members, managers, and controlling persons, the facts set forth
      below:

    

    I
      am over
      twenty-one (21) years old and legally competent to execute this Subscription
      Agreement;

    

    I
      have
      received and carefully read a copy of the Private Placement Memorandum of the
      Company, dated June 18, 2007, and I understand the contents of said Private
      Placement Memorandum;

    

    My
      state
      of residence for the last three (3) years has been New York State
      or;

    

    My
      primary and official residence for New York State law purposes is residence
      address is:
      _____________________________________________________________________________;

    

    The
      state
      in which my spouse, if any, and I are registered to vote is New York
      State;

    

    My
      driver’s license, if I have one, is a New York State driver’s
      license;

    

    I
      do not
      intend to change my residence at this time;

    

    I
      am
      purchasing the Shares for my own account, for investment only, and not with
      a
      view to or for sale in connection with any distribution of the
      Shares;

    

    I
      understand the fundamental risks in investing in the Shares (e.g., the lack
      of
      liquidity, various conflicts of interest, and the tax consequences) as well
      as
      all of the risks described in the Private Placement Memorandum of the Company
      and the Private Placement Memorandum;

    

    I
      can
      bear the economic risk of the complete loss of this investment;

     

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
 

    I
      either
      have a preexisting personal or business relationship with the Company, or its
      organizers, members, managers, or controlling persons, or with an affiliate
      of
      the Company or such affiliates’ organizers, members, managers or controlling
      persons, or by reason of my business or financial experience or the business
      or
      financial experience of my professional advisors who are unaffiliated with
      and
      who are not compensated by the Company or the organizers, members, managers,
      controlling persons, affiliates or selling agents, directly or indirectly,
      can
      be reasonably assumed to have the capacity to protect my own interests in
      connection with the transaction;

    

    As
      of the
      date of this Subscription Agreement, I, directly or indirectly, have an interest
      in the following investments that are or will be in competition with the
      services offered by the Company:

    

    The
      investment I am making in the Shares does not exceed twenty percent (20%) of
      my
      net worth;

    

    My
      Social
      Security Number/EIN
      is:  ________________________________.

    

    My
      educational background is:
      _____________________________________  ______________________________________________________________________;

    

    My
      occupation is _______________________________________________________
      ;

    

    I
      have
      worked in this occupation for ____ years; If I have worked in this occupation
      for less than five (5) years, my prior occupation or profession
      was:_________________________;

    

    Please
      check one or more of the following boxes, as appropriate:

    

    A.
      [__] My individual annual gross
      income for each of the two (2) most recent calendar years was in excess of
      Two
      Hundred Thousand Dollars ($200,000) and I reasonably expect to receive an annual
      gross income in excess of Two Hundred Thousand Dollars ($200,000) in this
      current calendar year;

    

    B.  [__]
      My joint annual
      gross income together with my spouse for each of the two (2) most recent
      calendar years was in excess of Three Hundred Thousand Dollars ($300,000) and
      I
      reasonably expect to receive a joint annual gross income together with my spouse
      in excess of Three Hundred Thousand Dollars ($300,000) in this current calendar
      year;

    

    C.   [__]  I
      have a current net worth (either alone or jointly with my spouse) in excess
      of
      One Million Dollars ($1,000,000); or

    

    [__]  None
      of the
      above.

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
 

    Section
      3.  Indemnity:

    

    I
      agree
      to indemnify, defend and hold harmless the Company, and its organizers,
      officers, directors, “affiliates” (as defined by SEC rules), agents, attorneys
      and representatives from and against any and all losses, claims, demands,
      liabilities and expenses, including reasonable attorneys’ fees, paraprofessional
      fees, and related costs at all levels of trial and appeal, to which the Company,
      and its organizers, members, managers or controlling persons may become subject
      or incur, arising out of or based upon any untrue statement or misrepresentation
      or alleged untrue statement or misrepresentation contained in this Agreement,
      or
      the omission or alleged omission to state herein a fact required to be stated
      herein or necessary to make the statements herein not misleading.

    

    Section
      4.   Miscellaneous

    

    The
      laws
      of the State of  New York shall govern the validity of this
      Subscription Agreement, the construction of its terms, and the interpretation
      of
      the rights and duties of the parties hereto.

    

    This
      Subscription Agreement shall be binding upon the parties hereto and their
      respective heirs, executors, administrators, legal representatives, successors
      and assigns.

    

    If
      any
      action at law or in equity is brought to enforce or interpret the terms of
      this
      Subscription Agreement, the prevailing party shall be entitled to reasonable
      attorney’s, paraprofessional’s and accounting fees and costs, including at all
      levels of trial and appeal, in addition to any other relief to which such party
      may be entitled.

    

    This
      Agreement may not be assigned by either party hereto. This Agreement is subject
      to rejection by the Company without explanation and for any reason or without
      reason.

    

    I
      understand that this PPM was prepared by Company’s legal counsel, PW Richter,
      PLC, and that the legal counsel relied upon the Company and its management
      for
      the accuracy of all information contained herein. As such, I hereby hold PW
      Richter, Plc and its members and lawyers harmless from any and all claims,
      causes of action, judgments, damages, losses of any kind whatsoever and all
      other liabilities whatsoever that result from or are based upon my investment
      in
      the Shares, any statement or representation made in the PPM or otherwise by
      the
      Company.  PW Richter, Plc does not warrant or verify any information
      or representations in this PPM. I also understand and agree  that Paul
      Richter, a Member of PW Richter, plc, shall serve as the Escrow
      Agent.

     

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
 

    Certification

    

    I
      understand that the Company will rely on my responses to  the
      foregoing questions and you hereby represent to the Company that:

    

    (1)
      The answers to the above questions
      are complete and correct and may be relied upon by the Company in determining
      whether your subscription and purchase of Shares complies with Section 4(2)
      of
      the Securities Act of 1933, as amended, and Rule 506 of Regulation D under
      the
      Securities Act of 1933, as amended, and a similar exemption under Virginia
      securities laws and regulations;

    

    (2)   I
      will notify the
      Company of any material changes in any statement or response that I have made
      above or herein prior to the closing of the purchase of the Shares;
      and

    

    (3)   I
      have sufficient knowledge and experience in business and financial matters
      to
      evaluate the merits and risks of an investment in the Shares and I am without
      doubt able to bear the economic risk of the loss of my entire investment in
      the
      Shares, which loss shall not affect my ability to fully and timely pay those
      debts and obligations that essential to the maintenance and support of my
      residence and dependents.

    

    Executed
      at __________________________________________________,

     New
      York, this  _________day of  June 2007.

    

    FOR
      NATURAL PERSON:

    

    Signature:_________________________________________________

    

    ____________________________________

    Printed
      Full Legal Name

    

    

    FOR
      BUSINESS ASSOCIATION

    

    

    Name
      of
      Entity:________________________________________________

    

    By:
      _____________________________________________________________

    

    Name/Title:____________________________________________________

    

    

    SEAL

     

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    

    CERTIFICATE
      OF SPOUSE

    

    (To
      be completed if Subscriber is a married natural person)

    

    I
      certify
      that:

    

    1.           I
      am the spouse of the person who signed the foregoing Subscription Agreement
      (the
“Subscription Agreement”) relating to an investment in shares of CHDT Corp.,
      formerly “China Direct Trading Corporation”, a Florida corporation with its
      Common Stock quoted on the OTC Bulletin Board under the Symbol “CHDT.OB” (the
“Company”).

    

    2.           I
      have read and approve and agree to be bound by the provisions of that certain
      Private Placement Memorandum of the Company dated as of June 18, 2007, as well
      as all documents and exhibits attached thereto, including this Subscription
      Agreement.

    

    3.  I
      am
      aware that, by their provisions, the Private Placement Memorandum of the Company
      and all documents and exhibits attached thereto, including this Subscription
      Agreement, may apply to any community property interest, if any,  that
      I may have in the Company, and I agree to be bound by and accept those
      provisions of the Private Placement Memorandum and all documents and exhibits
      attached thereto, including this Subscription Agreement.

    

    

    

    Executed
      on _____ day of _________________________ 2007,  at
      ____________________

    ______________________________
      (City or County _________________________________

    in),_____________________________(State).

    

    Signature
      of
      Spouse:_____________________________

    

    Type
      or Print Name of
      Spouse:_____________________________

    

    

    

    7

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