Document:

ex101.htm

Exhibit 10.1

 

Consulting Agreement

 

This consulting agreement (the “Agreement”), entered into on September 15, 2010 and effective as of the Effective Date (as defined in Section 1), is made by and between China Bilingual Technology & Education Group, Inc., a Nevada corporation (together with any successor thereto, the “Company”), and Michael Toups, an independent provider of services (the “Contractor”).

 

RECITALS

 

A.           The Company desires to assure itself of the services of the Contractor, as an independent contractor, by engaging the Contractor to perform services under the terms hereof.

 

B.           The Contractor desires to provide services to the Company, as an independent contractor, on the terms herein provided.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreements set forth below the parties hereto agree as follows:

 

1.Certain Definitions.

 

	
  

	
(a) “Board” shall mean the Board of Directors of the Company.

	
  

	
 

	
  

	
(b) “Company” shall, except as otherwise provided in Section 6(f), have the meaning set forth in the preamble hereto.

	
  

	
 

	
  

	
(c) “Contractor” shall have the meaning set forth in the preamble hereto.

	
  

	
 

	
  

	
(d) “Date of Termination” shall mean the date indicated in the Notice of Termination or the date specified by the Company pursuant to Section 4(b), whichever is earlier.

	
  

	
 

	
  

	
(e) “Effective Date” shall mean September 15, 2010, the date Contractor’s consulting with the Company will be deemed to commence hereunder, and in accordance with the Agreement.

	
  

	
 

	
  

	
(f) “Notice of Termination” shall have the meaning set forth in Section 4(b).

	
  

	
 

	
  

	
 (g) “Term” shall have the meaning set forth in Section 2(b).

	
  

	
 

	
  

	
(h) “SEC” shall mean the United States Securities and Exchange Commission.

	
  

	
 

 

  

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2.Consulting.

 

	
  

	
(a) In General.  The Company shall engage the Contractor and the Contractor shall perform services on behalf of the Company upon the other terms and conditions herein provided.

	
  

	
 

	
  

	
(b) Term of Agreement.  The initial term under this Agreement (the “Initial Term”) shall be for the period beginning on the Effective Date and ending on the twelve month anniversary thereof, unless earlier terminated as provided in Section 4.

	
  

	
 

	
  

	
(c) Position and Duties.  During the Term, the Contractor shall provide services to the Company as defined in Exhibit A to the Agreement.  The Contractor will be subject to direction of the Board; shall report directly to the Board; and agrees to observe and comply with the Company’s rules and policies as adopted by the Company from time to time.

 

3.Compensation and Related Matters.

 

	
  

	
(a) Cash.  The Contractor will agree to provide services to the Company on a monthly basis as outlined in Exhibit A.  The Contractor will receive a monthly retainer for $6,000 USD in exchange for services provided to the Company each month within the term of the Agreement, $3,000 USD payable by the first day of each month and $3,000 USD payable by the last day of each month.

	
  

	
 

	
  

	
 (b) Stock Award.  On the date first written above, the Company and the Contractor agreed that the Contractor should receive a stock award of $72,000 USD in shares of the Company’s common stock (the “Stock Award”).  Such shares of common stock are issued as compensation for services to be rendered by the Contractor over the Term of the Agreement.

	
  

	
 

	
  

	
(c) Vesting. The Stock Award will be vested and issued in according to the following timeline:

 

	
1.)  

	
$18,000 USD in shares of the Company's common stock shall vest and be issued on the first day of the following calendar quarter for services rendered during the prior quarter,  beginning January 1, 2011.  The Company agrees to remove the restricted legend from the certificates at the request of the Consultant after the required 144 holding period.

 

	
  

	
 (e) Expenses.  The Company shall reimburse the Contractor for all reasonable travel and other business expenses incurred by him in the performance of his duties to the Company in accordance with the Company’s applicable expense reimbursement policies and procedures, but in no case shall reimbursement payment be later than 10 days from presentment of receipts related to Company activities.  The travel needs to be approved by the Company in advance.

	
  

	 	
(f) D&O Insurance.  The Company shall maintain adequate D&O coverage for the corporation, as well as the directors and officers individually (A-side coverage) at all times as instructed by the board of directors.

 

  

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4.Termination.

 

	
  

	
(a) The Contractor’s consulting hereunder will be reviewed by the Company at the end of each quarterly SEC reporting period, upon which the Company will have the right to terminate this Agreement any day during the first 7 days following the end of a quarterly reporting period.  The Contractor may terminate this Agreement only upon prior approval from the Company.

	
  

	
 

	
  

	
(b) Notice of Termination.  Any termination of the Agreement by the Company or by the Contractor under this Section 4 shall be effective at least 30 days following the date of such notice (a “Notice of Termination”).  However, the termination of the Agreement by the Company under this Section 4 shall be effective at least 30 days following the date of such notice, for purposes of determining the pro-rata portion of the Stock Award to be earned by the Contractor.

	
  

	
 

	
  

	
(c) Termination due to Death or Disability.  If the Agreement is terminated by reason of the Contractor's death or Disability, then the Contractor or, as applicable, his estate or other legal representative, shall be entitled to receive the amounts described in Section 4(b), if the Contractor, or his legal representative, executes and does not thereafter revoke, a General Release in a form acceptable to the Company.

 

5.Governing Law.  This Agreement shall be governed, construed, interpreted and enforced in accordance with the substantive laws of the State of Florida.

 

6.Entire Agreement.  The terms of this Agreement are intended by the parties to be the final expression of their agreement with respect to the Consulting of the Contractor by the Company and may not be contradicted by evidence of any prior or contemporaneous agreement.  This Agreement (together with any other agreements and instruments contemplated hereby or referred to herein) shall supersede all undertakings or agreements, whether written or oral, previously entered into by the Contractor and the Company or any predecessor thereto or affiliate thereof with respect to the Consulting of the Contractor by the Company.  The parties further intend that this Agreement shall constitute the complete and exclusive statement of its terms and that no extrinsic evidence whatsoever may be introduced in any judicial, administrative, or other legal proceeding to vary the terms of this Agreement.

 

7.Construction.  This Agreement shall be deemed drafted equally by both the parties. Its language shall be construed as a whole and according to its fair meaning.  Any presumption or principle that the language is to be construed against any party shall not apply.  The headings in this Agreement are only for convenience and are not intended to affect construction or interpretation.  Any references to paragraphs, subparagraphs, sections or subsections are to those parts of this Agreement, unless the context clearly indicates to the contrary.

 

8.Survival.  The expiration or termination of the Term shall not impair the rights or obligations of any party hereto, which shall have accrued prior to such expiration or termination and shall remain in force for a period of five years after termination.

 

9.Stock Certificate.  The common stock certificate to be issued in accordance with Section 3 shall be delivered as follows:

	
  

	
(a) A stock certificate for $18,000 USD in shares of the Company's common stock shall be delivered in the following name and at the following address on the first day of the following calendar quarter beginning January 1, 2011 as follows:

 

Michael P. Toups

8 Hibiscus Road

Belleair, FL 33756

IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above written.

 

	  	
CHINA BILINGUAL TECHNOLOGY & EDUCATION GROUP, INC.

 

 

 

/s/ Ren Zhiqing

____________________________________

By:     Ren Zhiqing

Title:  Chief Executive Officer

 

 

	  	  
	  	
CONTRACTOR:

 

 

/s/ Michael Toups

____________________________________

By:    Michael Toups

 

	  	  
	  	  

 

  

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Exhibit A

1) Position and Duties

The Contractor shall in general have duties described below, including without limitation, the responsibility to:

	
  

	
(a) Serve as the Company's Chief Financial Officer and accept all customary duties of a Chief Financial Officer of a public company who shares of common stock are traded on the United States Over-the-Counter Bulletin Board, Nasdaq or NYSE-Amex.

	
  

	
 

	
  

	
(b) Keep a complete and accurate accounting of receipts and disbursements in the corporate accounting records.  The Company agrees to maintain an experienced controller to manage the accounting department and day-to-day transactions, as well as adequate professionals directed by the Contractor to support his duties defined herein.

	
  

	
(c) Render a complete financial report at the annual meeting of the shareholders if so requested;

	
  

	
 

	
  

	
(d) Be responsible to act as the main depository of the Company's accounting, finance and corporate records.  Provide such records as requested in a timely manner.

	
  

	
 

	
  

	
(e) Provide consulting services with regard to fundraising, private placements, general securities law matters (but with a full understanding that any actions on behalf of the Company or communications with the Company do not constitute legal advice or a suggestion that the Contractor can be relied upon for sound legal advice), business plan development, filings with the SEC on Form 10-K and Form 10-Q.

	
  

	
 

	
  

	
(f) Attendance with all shareholder or meetings of the Board as requested by the Company

	
  

	
 

4ex41.htm

Exhibit 4.1

 

NEITHER THE SECURITIES REPRESENTED BY THIS WARRANT NOR THE UNDERLYING SHARES OF COMMON STOCK HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR ANY STATE SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE 1933 ACT, OR (2) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE 1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS AND THE COMPANY SHALL HAVE RECEIVED AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY AS TO SUCH EXEMPTION.

---------------------------------------

CHINA SHUANGJI CEMENT LTD

COMMON STOCK PURCHASE WARRANT

 

	Number of Shares:  	Holder:
	 	 
	Issue Date: 	November 2, 2010 
	 	 
	Expiration Date:	November 1, 2015
	 	 
	Exercise Price per Share:  	$0.418

                                    

THIS COMMON STOCK PURCHASE WARRANT is issued by CHINA SHUANGJI CEMENT LTD, a Delaware corporation (the “Company”) pursuant to a Securities Purchase Agreement dated November 2, 2010, by and between the Company and __________________.

The Company hereby certifies that, for value received, _______________, or its registered assigns (the “Warrant Holder”), is entitled, subject to the terms set forth below, to purchase from the Company up to ___________ (____) shares  (as adjusted from time to time as provided in Section 6 of this Warrant, the “Warrant Shares”) of common stock, $.0001 par value (the “Common Stock”), of the Company at a price of forty-one and eight-tenths cents ($0.418) per Warrant Share (as adjusted from time to time as provided in Section 6, the “Exercise Price”), at any time and from time to time from and after the date thereof and through and including 5:00 p.m. New York City time on November 1, 2015 (the “Expiration Date”), and subject to the following terms and conditions:

 

1. Registration of Warrant.  The Company shall register this Warrant upon records to be maintained by the Company for that purpose (the “Warrant Register”), in the name of the record Warrant Holder hereof from time to time.  The Company may deem and treat the registered Warrant Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Warrant Holder, and for all other purposes, and the Company shall not be affected by notice to the contrary.

 

  

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2. Investment Representation.  The Warrant Holder by accepting this Warrant represents that the Warrant Holder is acquiring this Warrant for its own account or the account of an affiliate that is an accredited investor which has been identified to and approved by (such approval not to be unreasonably withheld or delayed) for investment purposes and not with the view to any offering or distribution and that the Warrant Holder will not sell or otherwise dispose of this Warrant or the underlying Warrant Shares in violation of applicable securities laws.  The Warrant Holder acknowledges that the certificates representing any Warrant Shares will bear a legend indicating that they have not been registered under the 1933 Act, and may not be sold by the Warrant Holder except pursuant to an effective registration statement or pursuant to an exemption from registration requirements of the 1933 Act and in accordance with federal and state securities laws.  If this Warrant was acquired by the Warrant Holder pursuant to the exemption from the registration requirements of the 1933 Act afforded by Regulation D thereunder, the Warrant Holder acknowledges and covenants that this Warrant may not be exercised by or on behalf of a Person in whole or in part unless the Holder is an “accredited investor” as defined in Regulation D under the 1933 Act.  “Person” means an individual, partnership, firm, limited liability company, trust, joint venture, association, corporation, or any other legal entity.

 

3. Validity of Warrant and Issue of Shares.  The Company represents and warrants that this Warrant has been duly authorized and validly issued and warrants and agrees that all of Common Stock that may be issued upon the exercise of the rights represented by this Warrant will, when issued upon such exercise, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issue thereof other than those incurred by the Holder.  The Company further warrants and agrees that during the Exercise Period, the Company will at all times have authorized and reserved a sufficient number of Common Stock to provide for the exercise of the rights represented by this Warrant.

 

4. Registration of Transfers and Exchange of Warrants.

 

a. Subject to compliance with the federal and state securities laws and Article 4(b) of this Warrant, the Company shall register the transfer of any portion of this Warrant in the Warrant Register, upon surrender of this Warrant with the Form of Assignment attached hereto duly completed and signed, to the Company at the office specified in or pursuant to Section 12.  Upon any such registration or transfer, a new warrant to purchase Common Stock, in substantially the form of this Warrant (any such new warrant, a “New Warrant”), evidencing the portion of this Warrant so transferred shall be issued to the transferee and a New Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall be issued to the transferring Warrant Holder.  The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance of such transferee of all of the rights and obligations of a Warrant Holder of a Warrant.

 

b. The Warrant Holder may assign the Warrant, in whole or in part, to any successor, officer, manager, or member of the Warrant Holder (or officer, manager or member of any such successor or member). The assignor may exchange its Warrant, upon the surrender its Warrant to the office of the Company specified in or pursuant to Section 12 for one or more New Warrants, evidencing in the aggregate the right to purchase the number of Warrant Shares which may then be purchased hereunder.  Any such New Warrant will be dated the date of such exchange.

 

5. Exercise of Warrants.

 

a. Upon surrender of this Warrant with the Form of Election to Purchase attached hereto duly completed and signed to the Company, at its address set forth in Section 12, and upon payment and delivery of the Exercise Price per Warrant Share multiplied by the number of Warrant Shares that the Warrant Holder intends to purchase hereunder, in lawful money of the United States of America, by wire transfer or by certified or official bank check or checks, to the Company, all as specified by the Warrant Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than 7 business days after the Date of Exercise (as defined herein)) issue or cause to be issued  and cause to be delivered to or upon the written order of the Warrant Holder and in such name or names as the Warrant Holder may designate (subject to the restrictions on transfer described in the legend set forth on the face of this Warrant), a certificate for the Warrant Shares issuable upon such exercise, with such restrictive legend as required by the 1933 Act.  Any person so designated by the Warrant Holder to receive Warrant Shares shall be deemed to have become holder of record of such Warrant Shares as of the Date of Exercise of this Warrant.

 

b. A “Date of Exercise” means the date on which the Company shall have received (i) this Warrant (or any New Warrant, as applicable), with the Form of Election to Purchase attached hereto (or attached to such New Warrant) appropriately completed and duly signed, and (ii) payment of the Exercise Price for the number of Warrant Shares so indicated by the Warrant Holder to be purchased.

 

c. This Warrant shall be exercisable at any time and from time to time during the Exercise Period for such number of Warrant Shares as is indicated in the attached Form of Election to Purchase.  If less than all of the Warrant Shares which may be purchased under this Warrant are exercised at any time, the Company shall issue or cause to be issued, at its expense, a New Warrant evidencing the right to purchase the remaining number of Warrant Shares for which no exercise has been evidenced by this Warrant.

 

  

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6. Adjustment of Exercise Price and Number of Shares.  The character of the shares of stock or other securities at the time issuable upon exercise of this Warrant and the Exercise Price therefore, are subject to adjustment upon the occurrence any of the following events which shall have occurred or which shall occur at any time on or after Issue Date of this Warrant, and all such adjustments shall be cumulative:

 

a. Adjustment for Stock Splits, Stock Dividends, Recapitalizations, Etc.  The Exercise Price of this Warrant and the number of shares of Common Stock or other securities at the time issuable upon exercise of this Warrant shall be appropriately adjusted to reflect any stock dividend, stock split, stock distribution, combination of shares, reverse split, reclassification, recapitalization or other similar event affecting the number of outstanding shares of stock or securities.

 

b. Adjustment for Reorganization, Consolidation, Merger, Etc.  In case of any consolidation or merger of the Company with or into any other corporation, entity or person, or any other corporate reorganization, in which the Company shall not be the continuing or surviving entity of such consolidation, merger or reorganization (any such transaction being hereinafter referred to as a “Reorganization”), then, in each case, the holder of this Warrant, on exercise hereof at any time after the consummation or effective date of such Reorganization (the “Effective Date”), shall receive, in lieu of the shares of stock or other securities at any time issuable upon the exercise of the Warrant issuable on such exercise prior to the Effective Date, the stock and other securities and property (including cash) to which such holder would have been entitled upon the Effective Date if such holder had exercised this Warrant immediately prior thereto (all subject to further adjustment as provided in this Warrant).

 

c. Certificate as to Adjustments.  In case of any adjustment or readjustment in the price or kind of securities issuable on the exercise of this Warrant, the Company will promptly give written notice thereof to the holder of this Warrant in the form of a certificate, certified and confirmed by the Board of Directors of the Company, setting forth such adjustment or readjustment and showing in reasonable detail the facts upon which such adjustment or readjustment is based.

 

7. Fractional Shares.  The Company shall not be required to issue or cause to be issued fractional Warrant Shares on the exercise of this Warrant.  The number of full Warrant Shares that shall be issuable upon the exercise of this Warrant shall be computed on the basis of the aggregate number of Warrants Shares purchasable on exercise of this Warrant so presented.  If any fraction of a Warrant Share would, except for the provisions of this Section 7, be issuable on the exercise of this Warrant, the Company shall, at its option, (i) pay an amount in cash equal to the Exercise Price multiplied by such fraction or (ii) round the number of Warrant Shares issuable, up to the next whole number.

 

8. Piggy-Back Registration Rights. If at any time within one year from the Issue Date, when there is not an effective registration statement providing for the resale of the common shares underlying the Warrant, and the Company has determined 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 1933 Act of any of its equity securities, the Company shall send to each Warrant Holder a written notice of such determination and, if within thirty (30) days after receipt of such notice, or within such shorter period of time as may be specified by the Company in such written notice as may be necessary for the Company to comply with its obligations with respect to the timing of the filing of such registration statement, any such holder shall so request in writing, (which request shall specify the number of common shares underlying or converted from the Warrant intended to be disposed of by the Warrant Holder), the Company will cause the registration under the 1933 Act of all common shares underlying or converted from the Warrant which the Company has been so requested to register by the Warrant Holder, to the extent requisite to permit the disposition of the common shares underlying or converted from the Warrant so to be registered (the “Registration Shares”); provided that if at any time after giving written notice of its intention to register any securities and prior to the effective date of the registration statement filed in connection with such registration, the Company shall determine for any reason not to register or to delay registration of such securities, the Company may, at its election, give written notice of such determination to such Warrant Holder and, thereupon, (i) in the case of a determination not to register, shall be relieved of its obligation to register any Registration Shares pursuant to this Section 8 in connection with such registration, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registration Shares being registered pursuant to this Section 8 for the same period as the delay in registering such other securities. Notwithstanding the above, in the event that the Company is unable to register for resale under Rule 415 of Regulation C under the 1933 Act all of the Registration Shares on the registration statement that it has agreed to file pursuant to the first sentence of this Section 8 due to limits imposed by the Commission’s interpretation of Rule 415 of Regulation C under the 1933 Act, then the Company shall be obligated to include in such registration statement only such limited portion of the Registration Shares as the Commission shall permit. Any exclusion of Registration Shares shall be made pro rata among the Warrant Holder and other persons or entities entitled to register securities under such registration statement, provided that such reduction shall not represent a greater fraction of the number of Registration Shares intended to be offered by the Warrant Holder than the fraction of similar reductions imposed on such other persons or entities (other than the Company).

 

9. Sale or Merger of the Company.  Upon a Merger Transaction, the restriction contained in Section 6 shall immediately be released and the Warrant Holder will have the right to exercise this Warrant concurrently with such Merger Transaction.  For purposes of this Warrant, the term “Merger Transaction” shall mean a consolidation or merger of the Company into another company or entity in which the Company is not the surviving entity or the sale of all or substantially all of the assets of the Company to another company or entity not controlled by the then existing stockholders of the Company.

 

  

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10. Notice of Intent to Sell or Merge the Company.  The Company will give Warrant Holder ten (10) business days notice before any Merger Transaction.

 

11. Issuance of Substitute Warrant. In the event of a merger, consolidation, recapitalization or reorganization of the Company or a reclassification of Company shares of stock, which results in an adjustment to the number of shares subject to this Warrant and/or the Exercise Price hereunder, the Company agrees to issue to the Warrant Holder a substitute Warrant reflecting the adjusted number of shares and/or Exercise Price upon the surrender of this Warrant to the Company.  However, in the event that the Company does not issue a substitute warrant, the number and class of Warrant Shares or other securities and the Exercise Price shall be adjusted as provided in this Warrant, and this Warrant shall relate the adjusted number of Warrant Shares and Exercise Price.

 

12. Notice.  All notices and other communications hereunder shall be in writing and shall be deemed to have been given (i) on the date they are delivered if delivered in person; (ii) on the date initially received if delivered by facsimile transmission followed by registered or certified mail confirmation; (iii) on the date delivered by an overnight courier service; or (iv) on the date of delivery after it is mailed by registered or certified mail, return receipt requested with postage and other fees prepaid as follows:

 

If to the Company:

 

	
  

	
China Shuangji Cement Ltd

221 Linglong Road

Zhaoyuan City, Shandong Province, PRC 256400

	
  

	
Attention: Mr. Wenji Song

	
  

	
Email: sjcompany@yahoo.cn

	
  

	
Yuechi175002@163.com

Tel. No.: (86) 535-8213217

 

With a copy to:

 

Sichenzia Ross Friedman Ference LLP

61 Broadway, 32 Floor

New York, New York 10006

Attention: Gregory Sichenzia, Esq.

E-mail: gsichenzia@srff.com

Fax: (212) 930-9700

 

If to the Warrant Holder:

at the address or telecopier number and to the attention of the person shown on the Company’s warrant register.

	
13.  

	
Miscellaneous.

 

a. This Warrant shall be binding on and inure to the benefit of the parties hereto and their respective successors and permitted assigns.  This Warrant may be amended only by a writing signed by the Company and the Warrant Holder.

 

b. Nothing in this Warrant shall be construed to give to any person or corporation other than the Company and the Warrant Holder any legal or equitable right, remedy or cause of action under this Warrant; this Warrant shall be for the sole and exclusive benefit of the Company and the Warrant Holder.

 

c. This Warrant shall be governed by, 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.

 

d. The headings herein are for convenience only, do not constitute a part of this Warrant and shall not be deemed to limit or affect any of the provisions hereof.

 

e. In case any one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and the parties will attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonably substitute therefore, and upon so agreeing, shall incorporate such substitute provision in this Warrant.

 

f. The Warrant Holder shall not, by virtue hereof, be entitled to any voting or other rights of a stockholder of the Company, either at law or equity, and the rights of the Warrant Holder are limited to those expressed in this Warrant.

 

IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by the authorized officer as of the date first above stated.

 

	 	CHINA SHUANGJI CEMENT LTD	 
	 	 	 	 
	
Date: ______________

	
By: 

	/s/ 	 
	 	 	Name: Wenji Song	 
	 	 	Title: President	 
	 	 	 	 

  

 

  

4

  

 

ASSIGNMENT

 

FOR VALUE RECEIVED, _________________ hereby sells, assigns and transfers unto __________________ the within Warrant and all rights evidenced thereby and does irrevocably constitute and appoint _____________, attorney, to transfer the said Warrant on the books of the within named corporation.

 

	 	 	 
	 	 	 	 
	
Dated: __________________

	Singature  	  	 
	 	 	 	 
	 	Address	 	 
	 	 	 	 

 

PARTIAL ASSIGNMENT

 

FOR VALUE RECEIVED, _________________ hereby sells, assigns and transfers unto __________________ the right to purchase _________ shares of Warrant Stock evidenced by the within Warrant together with all rights therein, and does irrevocably constitute and appoint ___________________, attorney, to transfer that part of the said Warrant on the books of the within named corporation.

 

	 	 	 
	 	 	 	 
	
Dated: __________________

	Singature  	  	 
	 	 	 	 
	 	Address	 	 
	 	 	  	 

 

 

FOR USE BY THE ISSUER ONLY:

 

This Warrant No. ______ canceled (or transferred or exchanged) this _____ day of ___________, _____, shares of Common Stock issued therefor in the name of ____________________, Warrant No. _____ issued for ____ shares of Common Stock in the name of ___________________.

 

  

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FORM OF ELECTION TO PURCHASE

(To be executed by the Warrant Holder to exercise the right to purchase shares of

Common Stock under the foregoing Warrant)

To:  China Shuangji Cement Ltd:

In accordance with the COMMON STOCK WARRANT enclosed with this Form of Election to Purchase, the undersigned hereby irrevocably elects to purchase ______________ shares of Common Stock (“Common Stock”), $.0001 par value, of China Shuangji Cement Ltd and encloses the warrant and $____ for each Warrant Share being purchased or an aggregate of $________________ in cash or certified or official bank check or checks, which sum represents the aggregate Exercise Price (as defined in the Warrant) together with any applicable taxes payable by the undersigned pursuant to the Warrant.

The undersigned requests that certificates for the shares of Common Stock issuable upon this exercise be issued in the name of:

 

	 	 	 
	 	 	 
	 	 	 
	 	(Please print name and address)	 
	 	 	 
	 	 	 
	 	(Please insert Social Security or Tax Identification Number)	 

 

If the number of shares of Common Stock issuable upon this exercise shall not be all of the shares of Common Stock which the undersigned is entitled to purchase in accordance with the enclosed Warrant, the undersigned requests that a New Warrant (as defined in the Warrant) evidencing the right to purchase the shares of Common Stock not issuable pursuant to the exercise evidenced hereby be issued in the name of and delivered to:

	 	 	 
	 	 	 
	 	 	 
	 	(Please print name and address)	 

                                                                           

	 	Name of Warrant Holder:	 
	 	 	 	 
	
Dated:____________________

	(Print) 	 	 
	 	(By:)  	 	 
	 	(Name:) 	 	 
	 	(Title:) 	 	 

(Signature must conform in all respects to name of Warrant Holder as specified on the face of the Warrant)

 

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