Document:

Exhibit
10.5

    PUT
AND CALL OPTION AGREEMENT

    

    DATE:    29
June 2010

    

    
      	
              (1)

            	
              Grafton
      Resource Investments Ltd

              c/o
      dms Corporate Services Ltd

              P O
      Box 1344, DMS House

              20
      Genesis Close

              Grand
      Cayman, KY 1-1108 Cayman Islands

            

    

    

    
      
        
          
            
              	
                      (2)

                    	
                      Universal
      Gold Holdings (Cayman) Ltd.

                      c/o
      Maples Corporate Finance Services Ltd

                      PO
      Box 309, Ugland House

                      Grand
      Cayman, KY1-11 04 Cayman
Islands

                    

            

          

        

      

    

    

    BACKGROUND

    

    
      	
              A.

            	
              Grafton
      Resource Investments Ltd, (Grafton) holds
      approximately 7,160,000 "B" Ordinary Shares (Existing Shares)
      (representing 15.34% of the issued shares) in Kolar (an English company No
      3404980) and has indicated to Kolar its intention to participate in a
      current placing being implemented by Kolar by signing an application
      letter in the form annexed hereto to subscribe for a Convertible Loan Note
      (CLN) to be issued
      by Kolar at a subscription price of £680,000 on the terms of the Document
      issued by Kolar and dated 17th June 2010 as annexed hereto (Placing
      Document).

            

    

    

    
      	
              B.

            	
              The
      CLN carries the right for the holder to convert the CLN into a further
      2,720,000 "B" Ordinary Shares (approximately 8% of the issued shares,
      following the subscription) being a conversion price of £0.25 per share
      and also carry warrants to subscribe for an equivalent number of further
      "B" Ordinary Shares at a subscription price of £0.30 during an 18 month
      period.

            

    

    

    
      	
              C.

            	
              Grafton
      have agreed to complete the subscription for the CLN as the agent of UGMC,
      utilising the funds to be provided by UGMC for this
    purpose.

            

    

    

    AGREED
TERMS:

    

    In
consideration for the mutual undertakings and commitments given by each party to
the other hereunder it is hereby agreed between Grafton and UGMC as
follows:

    

    
      	
              1. 

            	
              SUBSCRIPTION

            

    

    

    
      	
              a.

            	
              UGMC
      will procure that the sum of £680,000 required by way of subscription
      monies for the CLN is made available for the purposes of such subscription
      by no later than 30th June
2010.

            

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
      	
              b.

            	
              Grafton
      will to the extent necessary obtain the consent of Kolar to complete the
      exercise of the subscription rights for the CLN (and thereafter if
      requested by UGMC the conversion rights for CLN into New Kolar Shares) as
      agent for UGCM in accordance with the Placing Document and will request
      the issue of the CLN by Kolar in the name of
  UGMC.

            

    

    

    
      	
              2. 

            	
              CALL
      OPTION

            

    

    

    
      	
              a)

            	
              Grafton
      hereby grants to UGMC a 90 day call option (Call Option) to acquire
      Grafton's entire shareholding in Kolar (both the Existing Shares and (if
      and to the extent that Grafton may, having subscribed as agent under the
      terms of the Placing Document, have any rights or interest therein) the
      CLN and the New Kolar Shares subscribed for using the UGMC subscription
      monies).

            

    

    

    
      	
              b)

            	
              UGMC
      acknowledges that 90 days shall be sufficient time for it to conduct due
      diligence in relation to Kolar and to decide whether or not it wishes to
      exercise its option.

            

    

    

    
      	
              c)

            	
              the
      90 day Call Option period shall commence on the first business day
      following payment of the CLN.

            

    

    

    
      	
              d)

            	
              the
      exercise price under the Call Option will be satisfied by the payment
      within 30 days of the exercise of the Call Option by UGMC of US$6 million
      (the "Cash Consideration") plus the legally binding commitment for UGMC to
      issue to Grafton new shares in UGMC having an aggregate value at US$6
      million (the "Shares Consideration"), such shares to be issued at the same
      price as shares in UGMC ranking pari passu therewith are issued to
      subscribers in the next placing of shares by UGMC, which UGMC have
      represented can be issued to Grafton without any shareholder or other
      consent(s) being required and is expected to take place no later than 30
      November 2010; and if no such placing by UGMC has taken place by 30
      November 2010 the Shares Consideration shall be satisfied by the issue of
      new UGMC shares at the weighted average share price over 180
      days.

            

    

    

    
      	
              3. 

            	
              PUT
      OPTION

            

    

    

    
      	
              a.

            	
              Grafton
      hereby also grants to UGCM a 90 day put option (Put Option) exercisable
      only during and no later than the end of the Call Option period referred
      to in paragraph 2 (c) above to require Grafton to acquire from UGMC its
      entire rights and interest in the CLN (and any New Kolar Shares into which
      the CLN may at such date have been converted) for an aggregate price of
      £680,000 such purchase to be completed within 30 days after the exercise
      of the Put Option

            

    

    

    
      	
              b.

            	
              The
      price payable by Grafton to UGMC under the Put Option shall be satisfied
      by Grafton in cash (in Stirling or US Dollars at the prevailing spot
      conversion rate) as Grafton shall
decide

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    
      	
              4. 

            	
              FAILURE
      TO EXERCISE

            

    

    

    In the
event UGMC does not exercise either its Call Option or its Put Option within the
option period, both such options will lapse and in such circumstances Grafton
shall retain the Existing Shares in Kolar and UGMC shall retain the CLN and/or
New Kolar Shares as the case may be.

    

    
      	
              5. 

            	
              GOVERNING
      LAW

            

    

    

    This
agreement shall be governed by English law and Grafton and UGMC agree to the
non-excusive jurisdiction of the English courts.

    

    
      	
              6. 

            	
              CONFIDENTIALITY

            

    

    

    
      	
              a.

            	
              The
      parties undertake to each other to keep confidential the existence of this
      agreement and to use the information available to it in relation to Kolar
      only for the purposes contemplated by this agreement, SAVE THAT either
      party may disclose any information that it is otherwise required to keep
      confidential under this clause 6:

            

    

    

    
      	
              i.

            	
              to
      such of its professional advisers, consultants and employees or officers
      as are reasonably necessary to advise on this agreement, or to facilitate
      the exercise of the Option, provided that the disclosing party procures
      that the people to whom the information is disclosed keep it confidential
      as if they were that party; or

            

    

    

    
      	
              ii.

            	
              with
      the written consent of the other party;
or

            

    

    

    
      	
              iii.

            	
              to
      the extent that the disclosure is required by law or by an regulatory
      body, tax authority or securities
exchange,

            

    

    

    but shall
use reasonable endeavours to consult the other party and to take into account
any reasonable requests it may have in relation to the disclosure before making
it.

    

    
      	
              7. 

            	
              FURTHER
      ASSURANCE

            

    

    

    At all
times after the date of this agreement the parties shall, at their own expense,
execute all such documents and do all such acts and things as may reasonably be
required for the purpose of giving full effect to this agreement.

    

    
      	
              8. 

            	
              ASSIGNMENT

            

    

    

    All
rights under this agreement are personal to the parties and may not be assigned
by either party without the prior written consent of the other
party.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      	
              9. 

            	
              WHOLE
      AGREEMENT

            

    

    

    This
agreement, and any documents referred to in it, constitute the whole agreement
between the parties and supersede any previous arrangement, understanding or
agreement between them relating to the subject matter they cover.

    

    
      	
              10. 

            	
              VARIATION
      AND WAIVER

            

    

    

    
      	
              a.

            	
              A
      variation of this agreement shall be in writing and signed by or on behalf
      of each party.

            

    

    

    
      	
              b.

            	
              Any
      waiver of any right under this agreement is only effective if it is in
      writing and signed by the waiving or consenting party and it applies only
      in the circumstances for which it is given, and shall not prevent the
      party who has given the waiver from subsequently relying on the provision
      it has waived.

            

    

    

    
      	
              c.

            	
              Except
      as expressly stated, no failure to exercise or delay in exercising any
      right or remedy provided under this agreement or by law constitutes a
      waiver of such right or remedy or shall prevent any future exercise in
      whole or in part thereof.

            

    

    

    
      	
              d.

            	
              No
      single or partial exercise of any right or remedy under this agreement
      shall preclude or restrict the further exercise of any such right or
      remedy.

            

    

    

    
      	
              e.

            	
              Unless
      specifically provided otherwise, rights arising under this agreement are
      cumulative and do not exclude rights provided by
  law.

            

    

    

    
      	
              11. 

            	
              COSTS

            

    

    

    Each
party shall bear its own legal, accountancy and other costs, charges and
expenses connected with the negotiation, preparation and implementation of this
agreement and any other agreement incidental to or referred to in this
agreement.

    

    
      	
              12. 

            	
              NOTICES

            

    

    

    
      	
              a.

            	
              A
      notice given under this agreement shall be in writing and shall be sent
      for the attention of the person, and to the address given above or to such
      other address, fax number or person as the relevant party may notify to
      the other party) and shall be delivered personally or sent by fax or sent
      by pre-paid first­- class post or recorded
  delivery.

            

    

    

    
      	
              b.

            	
              A
      notice is deemed to have been
received:

            

    

    

    
      	
               
      

            	
              i.

            	
              if
      delivered personally, at the time of delivery;
  or

            

    

    

    
      	
               
      

            	
              ii.

            	
              in
      the case of fax, at the time of transmission;
or

            

    

    

    
      	
               
      

            	
              iii.

            	
              in
      the case of pre-paid first class post or recorded delivery, 48 hours from
      the date of posting;

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    AND if
deemed receipt under the previous paragraphs of this clause 12.b is not within
business hours (meaning 9.00 am to 5.30 pm Monday to Friday on a day that is not
a Business Day), when business next starts in the place of receipt. To prove
service, it is sufficient to prove that the notice was transmitted by fax to the
fax number of the party or, in the case of post, that the envelope containing
the notice was properly addressed and posted.

    

    
      	
              13. 

            	
              SEVERANCE

            

    

    

    
      	
              a.

            	
              If
      any provision of this agreement (or part of a provision) is found by any
      court or administrative body of competent jurisdiction to be invalid,
      unenforceable or illegal, the other provisions shall remain in
      force.

            

    

    

    
      	
              b.

            	
              If
      any invalid, unenforceable or illegal provision would be valid,
      enforceable or legal if some part of it were deleted, the provision shall
      apply with whatever modification is necessary to give effect to the
      commercial intention of the
parties.

            

    

    

    
      	
              14. 

            	
              THIRD
      PARTY RIGHTS

            

    

    

    No term
of this agreement shall be enforceable by a third party (being any person other
than the parties and their permitted successors and assignees).

    

    
      	
              15. 

            	
              COUNTERPARTS

            

    

    

    This
agreement may be executed in any number of counterparts, each of which is an
original and which together have the same effect as if each party had signed the
same document.

    

    
      
        	
                SIGNED
      by )

              	 
      
	
                For
      and on behalf of Grafton)

              	 
      
	
                Resource
      Investments Ltd in)

              	
                /s/
      David Hutchins

              
	
                the
      presence of: )

              	 
      
	 
      	 
      
	
                /s/
      Ruby Gorrin

              	 
      
	 
      	 
      
	
                SIGNED
      by )

              	 
      
	
                For
      and on behalf of )

              	 
      
	
                Universal
      Gold Holdings (Cayman) Ltd)

              	

                /s/
      D. Cather

              
	
                In
      the presence of: )

              	 
	 
      	 
      
	
                /s/
      C. Niven

              	 
      

      

    

     

    
      
         

      

      
        5Exhibit
4.1

    

    NEITHER
THIS WARRANT NOR THE SECURITIES INTO WHICH THIS WARRANT IS EXERCISABLE HAVE BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES HAVE BEEN ACQUIRED FOR
INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
SECURITIES ACT, OR APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL,
IN A FORM ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER THE
SECURITIES ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO
RULE 144 UNDER THE SECURITIES ACT.

    

    CHINA
BROADBAND, INC.

    

    COMMON
STOCK PURCHASE WARRANT

    

    
      	
              Initial
      Holder: [                     ]

            	
              Original Issue
      Date: ____________, 2010

            
	 
      	
              No. of Shares Subject to
      Warrant:
      [            ]

            
	 
      	
              Exercise Price Per
      Share: $0.05

            
	 
      	
              Expiration
      Time: 5:00 p.m., New York City time, on ________,
      2015

            

    

    

    China Broadband, Inc., a Nevada
corporation (the “Company”), hereby certifies that,
for value received, the Initial Holder shown above, or its permitted registered
assigns (the “Holder”),
is entitled to purchase from the Company up to the number of shares of its
common stock, par value $0.001 per share (the “Common Stock”), shown
above (each such share, a “Warrant Share” and all such
shares, the “Warrant
Shares”) at the exercise price shown above (as may be adjusted from time
to time as provided herein, the “Exercise Price”), at any time
and from time to time on or original issue date indicated above (the “Original Issue Date”) and
through and including the expiration time shown above (the “Expiration Time”), and subject
to the following terms and conditions:

     

    This
Warrant is being issued pursuant to a Securities Purchase Agreement, dated May
20, 2010 (the “SPA”), by
and between the Company, the Holder and the other parties
thereto. 

     

    1.
            Definitions.  In
addition to the terms defined elsewhere in this Warrant, capitalized terms that
are not otherwise defined herein have the meanings given to such terms in the
SPA.

     

    2.            
List of Warrant
Holders.  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 Holder (which shall include the Holder or, as the case may
be, any registered assignee to which this Warrant is permissibly assigned
hereunder from time to time).  The Company may deem and treat the
registered Holder of this Warrant as the absolute owner hereof for the purpose
of any exercise hereof or any distribution to the Holder, and for all other
purposes, absent actual notice to the contrary.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    3.
            List of Transfers;
Restrictions on Transfer. The Company shall register any transfer of all
or 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 its address specified herein. 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 Holder.  The acceptance of the
New Warrant by the transferee thereof shall be deemed the acceptance by such
transferee of all of the rights and obligations in respect of the New Warrant
that the Holder has in respect of this Warrant.

     

    4.
            Exercise and Duration of
Warrant.

    

    (a)
         All or any part of this Warrant
shall be exercisable by the registered Holder in any manner permitted by
Section 10 of this Warrant at any time and from time to time on or after
the Original Issue Date and through and including the Expiration Time. Subject
to Section 11 hereof, at the Expiration Time, the portion of this Warrant not
exercised prior thereto shall be and become void and of no value and this
Warrant shall be terminated and shall no longer be outstanding.

     

    (b)         
The Holder may exercise this Warrant by delivering to the Company: (i) an
exercise notice, in the form attached hereto (the “Exercise Notice”), completed
and duly signed, and (ii) payment by wire transfer of immediately available
funds to an account designated by the Company of the Exercise Price for the
number of Warrant Shares as to which this Warrant is being exercised.  The
date such items are delivered to the Company (as determined in accordance with
the notice provisions hereof) is an “Exercise Date.”  The
Holder shall be required to deliver the original Warrant, or any New Warrant
that may have been previously issued, in order to effect an exercise
hereunder.  Execution and delivery of the Exercise Notice shall have
the same effect as cancellation of the original Warrant, or any New Warrant that
may have been previously issued, and issuance of a New Warrant evidencing the
right to purchase the remaining number of Warrant Shares.

     

    (c)          
The Company will not close its stockholder books or records in any manner which
prevents the timely exercise of this Warrant pursuant to the terms
hereof.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    5.
           Delivery of Warrant
Shares.

    

    (a)         
Upon exercise of this Warrant, the Company shall promptly (but in no event later
than three (3) Trading Days after the Exercise Date) issue or cause to be issued
and cause to be delivered to or upon the written order of the Holder and in such
name or names as the Holder may designate, a certificate for the Warrant Shares
issuable upon such exercise, free of restrictive legends.  “Trading Day” shall mean a date
on which the Company’s Common Stock trades on its principal trading market.
 The Holder, or any Person permissibly so designated by the Holder to
receive Warrant Shares, shall be deemed to have become the holder of record of
such Warrant Shares as of the Exercise Date.  The Company shall, upon the
written request of the Holder, use its best efforts to deliver, or cause to
be delivered, Warrant Shares hereunder electronically through the Depository
Trust and Clearing Corporation (“DTCC”) or another established
clearing corporation performing similar functions, if available; provided, that, the Company
may, but will not be required to, change its transfer agent if its current
transfer agent cannot deliver Warrant Shares electronically through DTCC or
another established clearing corporation performing similar functions, if
available.  If as of the time of exercise the Warrant Shares constitute
restricted or control securities, the Holder, by exercising, agrees not to
resell them except in compliance with all applicable securities
laws.

     

    (b)        
To the extent permitted by law, the Company’s obligations to issue and deliver
Warrant Shares in accordance with the terms hereof are absolute and
unconditional, irrespective of any action or inaction by the Holder to enforce
the same, any waiver or consent with respect to any provision hereof, the
recovery of any judgment against any Person or any action to enforce the same,
or any setoff, counterclaim, recoupment, limitation or termination, or any
breach or alleged breach by the Holder or any other Person of any obligation to
the Company or any violation or alleged violation of law by the Holder or any
other Person, and irrespective of any other circumstance that might otherwise
limit such obligation of the Company to the Holder in connection with the
issuance of Warrant Shares.  Nothing herein shall limit a Holder’s
right to pursue any other remedies available to it hereunder, at law or in
equity including, without limitation, a decree of specific performance and/or
injunctive relief with respect to the Company’s failure to timely deliver
certificates representing shares of Common Stock upon exercise of the Warrant as
required pursuant to the terms hereof.

     

    (c)   
      If the Company fails to cause its transfer agent
to transmit to the Holder a certificate or the certificates (or, if
electronically, a book-entry position) representing the Warrant Shares pursuant
to the terms hereof by applicable delivery date, then the Holder will have the
right to rescind such exercise.

    

    6.
            Charges, Taxes and
Expenses. Issuance and delivery of certificates (or, if electronically, a
book-entry position) representing the Warrant Shares shall be made without
charge to the Holder for any issue or transfer tax, withholding tax, transfer
agent fee or other incidental tax or expense in respect of the issuance of such
certificates, all of which taxes and expenses shall be paid by the
Company; provided,
however, that
the Company shall not be required to pay any tax that may be payable in respect
of any transfer involved in the registration of any certificates for Warrant
Shares or the Warrants in a name other than that of the Holder. The Holder shall
be responsible for all other tax liability that may arise as a result of holding
or transferring this Warrant or receiving Warrant Shares upon exercise
hereof.

     

    7.
            Replacement of
Warrant.  If this Warrant is mutilated, lost, stolen or destroyed,
the Company shall issue or cause to be issued in exchange and substitution for
and upon cancellation hereof, or in lieu of and substitution for this Warrant, a
New Warrant, but only upon receipt of evidence reasonably satisfactory to the
Company of such loss, theft or destruction and customary and reasonable
indemnity, if requested. Applicants for a New Warrant under such circumstances
shall also comply with such other reasonable regulations and procedures and
pay such other reasonable third-party costs as the Company may prescribe. If a
New Warrant is requested as a result of a mutilation of this Warrant, then the
Holder shall deliver such mutilated Warrant to the Company as a condition
precedent to the Company’s obligation to issue the New Warrant.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    8.
            Reservation of Warrant
Shares.  The Company covenants that it will at all times reserve and
keep available out of the aggregate of its authorized but unissued and otherwise
unreserved Common Stock, solely for the purpose of enabling it to issue Warrant
Shares upon exercise of this Warrant as herein provided, the number of Warrant
Shares that are then issuable and deliverable upon the exercise of this entire
Warrant, free from preemptive rights or any other contingent purchase
rights of persons other than the Holder (taking into account the adjustments and
restrictions of Section 9). The Company covenants that all Warrant Shares so
issuable and deliverable shall, upon issuance and the payment of the applicable
Exercise Price in accordance with the terms hereof, be duly and validly
authorized, issued and fully paid and nonassessable.

     

    9.
            Certain Adjustments to
Exercise Price.  The Exercise Price and number of Warrant
Shares issuable upon exercise of this Warrant are subject to adjustment from
time to time as set forth in this Section 9.

    

    (a) 
        Adjustments for Stock Splits
and Combinations and Stock Dividends.  If the Company
shall at any time or from time to time after the date hereof, effect a stock
split or combination of the outstanding Common Stock or pay a stock dividend in
shares of Common Stock, then the Exercise Price shall be proportionately
adjusted.  Any adjustments under this Section 9(a) shall be effective
at the close of business on the date the stock split or combination becomes
effective or the date of payment of the stock dividend, as
applicable.

     

    (b
)         Merger Sale,
Reclassification, etc. In case of any: (i)
consolidation or merger (including a merger in which the Company is the
surviving entity), (ii) sale or other disposition of all or substantially all of
the Company’s assets or distribution of property to shareholders (other than
distributions payable out of earnings or retained earnings), or
reclassification, change or conversion of the outstanding securities of the
Company or of any reorganization of the Company (or any other corporation the
stock or securities of which are at the time receivable upon the exercise of
this Warrant) or any similar corporate reorganization on or after the date
hereof, then and in each such case the Holder of this Warrant, upon the exercise
hereof at any time thereafter shall be entitled to receive, in lieu of the stock
or other securities and property receivable upon the exercise hereof prior to
such consolidation, merger, sale or other disposition, reclassification, change,
conversion or reorganization, the stock or other securities or property to which
such Holder would have been entitled upon such consummation if such Holder had
exercised this Warrant immediately prior thereto.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    10.
          Right of
Redemption.  In the event that (i) the closing price of the
Common Stock as reported by the applicable Trading Market shall equal or exceed
$0.125 (subject to adjustment for any stock splits, combinations or similar
events with respect to the Common Stock after the Original Issue Date) per share
for twenty (20) consecutive Trading Days and (ii) there is an effective
registration statement covering the Warrant Shares on file with the SEC (or all
of the Warrant Shares may be sold pursuant to Rule 144 of the Securities Act
without restriction), the Company shall, upon thirty (30) days’ written notice
to the Holder (during which time the Holder may exercise all or any portion of
this Warrant), be entitled to redeem all, but not less than all, of the
then outstanding Warrants for an amount, with respect to each Warrant, equal to
the product of the number of Warrant Shares issuable upon exercise of such
outstanding Warrant and $0.001 per Warrant Share (the “Redemption
Price”).  The Holder agrees to return the redeemed Warrants to
the Company, or to provide evidence of the mutilation, loss, theft or
destruction of the Warrant, including any requested indemnity, in accordance
with Section 7 hereof, upon notice
of such redemption and payment of the Redemption Price.  Payment of
the Redemption Price shall be made by the Company in the form of a certified
check or through any other means acceptable to the Holder within two (2) Trading
Days of the Company’s receipt of the Warrant or evidence of the mutilation,
loss, theft or destruction of the Warrant, including any requested indemnity, in
accordance with Section 7
hereof.

     

    11.  
        No Fractional Shares.
 No fractional Warrant Shares will be issued in connection with any
exercise of this Warrant. In lieu of any fractional shares that would otherwise
be issuable, the Company shall pay cash equal to the product of such fraction
multiplied by the closing price of the Company’s Common Stock as reported by the
applicable Trading Market on the Exercise Date.

     

    12.         
 Notices.
 Any and all notices or other communications or deliveries hereunder
(including, without limitation, any Exercise Notice) shall be delivered in
accordance with the procedures set forth in Section 10.2 of the
SPA.

     

    13.
          Warrant Agent. The
Company shall serve as warrant agent under this Warrant. Upon thirty (30) days’
notice to the Holder, the Company may appoint a new warrant agent.  Any
corporation into which the Company or any new warrant agent may be merged or any
corporation resulting from any consolidation to which the Company or any new
warrant agent shall be a party or any corporation to which the Company or any
new warrant agent transfers substantially all of its corporate trust or
shareholders services business shall be a successor warrant agent under this
Warrant without any further act. Any such successor warrant agent shall promptly
cause notice of its succession as warrant agent to be mailed (by first class
mail, postage prepaid) to the Holder at the Holder’s last address as shown on
the Warrant Register.

     

    14.
          Miscellaneous.

    

    (a)         
This Warrant shall be binding on and inure to the benefit of the parties hereto
and their respective successors and assigns. Subject to the preceding sentence,
nothing in this Warrant shall be construed to give to any Person other than the
Company and the Holder any legal or equitable right, remedy or cause of action
under this Warrant.  This Warrant may be amended only in writing signed by
the Company and the Holder, or their successors and assigns.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    (b)         
Each party agrees that all legal proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Warrant
(whether brought against a party hereto or its respective affiliates, directors,
officers, shareholders, employees or agents) shall be commenced exclusively in
the state and federal courts sitting in the City of New York.  Each
party hereto hereby irrevocably submits to the exclusive jurisdiction of the
state and federal courts sitting in the City of New York, New York for the
adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein (including with respect to
the enforcement of this Warrant, and hereby irrevocably waives, and agrees not
to assert in any suit, action or proceeding, any claim that it is not personally
subject to the jurisdiction of any such court, that such suit, action or
proceeding is improper.  Each party hereto hereby irrevocably waives
personal service of process and consents to process being served in any such
suit, action or 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 Note 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 (INCLUDING ITS AFFILIATES, AGENTS, OFFICERS, DIRECTORS AND EMPLOYEES)
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATING TO THIS WARRANT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

     

    (c)          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.

     

    (d)          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 reasonable
substitute therefore, and upon so agreeing, shall incorporate such substitute
provision in this Warrant.

     

    (e)          Prior
to exercise of this Warrant, the Holder hereof shall not, by reason of by being
a Holder, be entitled to any rights of a stockholder with respect to the Warrant
Shares.

     

    (f)
          No provision hereof, in
the absence of any affirmative action by Holder to exercise this Warrant to
purchase Warrant Shares, and no enumeration herein of the rights or privileges
of Holder, shall give rise to any liability of Holder for the purchase price of
any Common Stock or as a stockholder of the Company, whether such liability is
asserted by the Company or by creditors of the Company.

    

    [Signature
Page Follows]

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

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

    

    
      
        	 
      	
                CHINA
      BROADBAND, INC.

              
	 
      	 
      
	 
      	
                By: 

              	
                  

              
	 
      	 
      	
                Name:

              
	 
      	 
      	
                Title:

              

      

    

    

    Signature
Page

    Warrant

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    CHINA
BROADBAND, INC.

    

    EXERCISE
NOTICE

    

    Ladies
and Gentlemen:

    

    (1)          
The undersigned hereby elects to exercise its Warrant with respect to
______________ shares of Common Stock.  Capitalized terms used herein
and not otherwise defined herein have the respective meanings set forth in the
Warrant.

    

    (2)          
The holder hereby tenders the sum of $ ______________ to the Company in
accordance with the terms of the Warrant.

    

    (3)          
Pursuant to this Exercise Notice, the Company shall deliver to the Holder the
number of Warrant Shares determined in accordance with the terms of the Warrant
and, in lieu of any fractional shares, cash.

    

    
      
        	
                Dated: 

              	 
      	 
      	
                HOLDER:

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                Print
      name

              
	 
      	 
      	 
      
	 
      	 
      	
                By:

              	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                Title: 

              	 
      

      

    

    

    Signature
Page

    Warrant

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    CHINA
BROADBAND, INC.

    

    FORM
OF ASSIGNMENT

    To be
completed and signed only upon transfer of Warrant

    

    FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto _________________ the right
represented by the within Warrant to purchase _________________ shares of Common
Stock to which the within Warrant relates and appoints __________________
attorney to transfer said right on the books of the Company with full power of
substitution in the premises.

    

    
      
        	
                Dated: 

              	 
      	 
      	
                TRANSFEROR:

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                Print
      name

              
	 
      	 
      	 
      
	 
      	 
      	
                By:

              	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                Title:

              	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                TRANSFEREE:

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                Print
      name

              
	 
      	 
      	 
      
	 
      	 
      	
                By:

              	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                Title: 

              	 
      
	
                WITNESS:

              	 
      	 
      	 
      
	 
      	 
      	
                Address
      of Transferee:

              
	 
      	 
      	 
      	 
      
	
                Print
      name

              	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      

      

    

    

    Signature
Page

    Warrant

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]