PLEDGE AND CONVERSION RIGHT AGREEMENTPledge and Conversion Right Agreement • October 21st, 2008 • China Wind Systems, Inc • Special industry machinery (no metalworking machinery) • New York
AGREEMENT made this 17th day of October, 2008, by and between Jianhua WU, whose address is c/o China Wind Systems, Inc., No. 9 Yanyu Middle Road, Qianzhou Village, Huishan District, Wuxi City, Jiangsu Province, People’s Republic of China (“WU”), and Eos Holdings LLC, whose address is 2650 Highvale Drive, Las Vegas, NV 89134 (“Eos”).
Re: Subscription AgreementChina Wind Systems, Inc • October 21st, 2008 • Special industry machinery (no metalworking machinery) • New York
The undersigned (the “Subscriber”) hereby subscribes for the number of Shares (the “Shares”) of common stock, par value $.001 per share (“Common Stock”), of China Wind Systems, Inc., a Delaware corporation (the “Company”), as are set forth on the signature page of this Agreement, at a purchase price of $0.60 per share. The total purchase price for the Shares is set forth on the signature page of this Agreement.
Re: Purchase AgreementChina Wind Systems, Inc • October 21st, 2008 • Special industry machinery (no metalworking machinery) • New York
The undersigned (the “Purchaser”) hereby agrees to purchase from China Wind Systems, Inc. (the “Company”), and the Company agrees to sell to Purchaser the Company’s 17.4% promissory note (the “Note”) in the principal amount of $575,000 for a purchase price (the “Purchase Price”) of $575,000.
