RECON TECHNOLOGY, LTD WARRANT AGREEMENTWarrant Agreement • November 12th, 2008 • Recon Technology, LTD • Oil & gas field services, nec • Virginia
Recon Technology, Ltd, a Cayman Islands exempted company (the “Company”), agrees to issue and sell to you a warrant (the “Warrant”) to purchase the number of ordinary shares of the Company set forth herein, subject to the terms and conditions contained herein.
RECON TECHNOLOGY, LTD (a Cayman Islands exempted company) Minimum Offering: Ordinary Shares Maximum Offering: Ordinary Shares ($ per share) PLACEMENT AGREEMENTRecon Technology, LTD • November 12th, 2008 • Oil & gas field services, nec • Virginia
The undersigned, Recon Technology, Ltd, a Cayman Islands exempted (the “Company”), hereby confirms its agreement with you as follows:
ESCROW AGREEMENTEscrow Agreement • November 12th, 2008 • Recon Technology, LTD • Oil & gas field services, nec • Virginia
This Escrow Agreement is made and entered into as of the day of , , by and among ANDERSON & STRUDWICK, INCORPORATED, a Virginia corporation (the “Placement Agent”), RECON TECHNOLOGY, LTD a Cayman Islands exempted company (the “Company”) and SUNTRUST BANK, N.A. (the “Escrow Agent”).
LOCK-UP AGREEMENTLock-Up Agreement • November 12th, 2008 • Recon Technology, LTD • Oil & gas field services, nec
The undersigned understands that Anderson & Strudwick, Incorporated (the “Placement Agent”), proposes to enter into a Placement Agreement with Recon Technology, Ltd (the “Company”), providing for the public offering (the “Offering”), by the Placement Agent of a minimum of ordinary shares and a maximum of ordinary shares (the “Shares”).
Summary of Translation of the Sales Contract, by and between the West Site Department of Bazhou, Zhongyuan Petroleum Exploration Bureau Project Construction Corporation (“BUYER”) and Jining ENI Energy Technology Co., Ltd. (“SELLER”)Recon Technology, LTD • November 12th, 2008 • Oil & gas field services, nec
On May 14, 2008, the Seller executed a Sales Contract with the Buyer whereby the Seller agreed to sell and the Buyer agreed to buy a quantity of valves for the price of RMB 1,577,842.50. The Seller delivered the valves in two installments, first on July 12, 2008 and second on August 10, 2008. The Seller has received payment in the amount of RMB 300,000, leaving an outstanding balance of RMB 1,277,842.50.
