SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • December 29th, 2009 • China Valves Technology, Inc • Miscellaneous fabricated metal products • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of December 27, 2009, between China Valves Technology, Inc., a Nevada corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
CONFIDENTIAL China Valves Technology, Inc. Attn: Mr. Siping Fang, Chairman and C.E.O. Dear Mr. Fang:China Valves Technology, Inc • December 29th, 2009 • Miscellaneous fabricated metal products • New York
This letter (the “Agreement”) constitutes the agreement between Rodman & Renshaw, LLC (“Rodman” or the “Placement Agent”) and China Valves Technology, Inc. (the “Company”), that Rodman shall serve as the exclusive placement agent for the Company, on a reasonable best efforts basis, in connection with the proposed placement (the “Placement”) of registered securities (the “Securities”) of the Company, including 333,334 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock” at a price of $9.00 per Share for aggregate gross proceeds to the Company of approximately $3,000,000 along with a short term 30-day common stock purchase warrants (“Warrants”) to purchase up to, in the aggregate, an additional $450,000 of Common Stock at a price of $9.00. The terms of such Placement and the Securities shall be mutually agreed upon by the Company and the purchasers (each, a “Purchaser” and collectively, the “Purchasers”) and nothing herein constitutes that R
SHORT TERM COMMON STOCK PURCHASE WARRANT CHINA VALVES TECHNOLOGY, INC.China Valves Technology, Inc • December 29th, 2009 • Miscellaneous fabricated metal products
THIS SHORT TERM COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________(the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on January __, 2010 (the “Termination Date”) but not thereafter, to subscribe for and purchase from China Valves Technology, Inc., a Nevada corporation (the “Company”), up to ______shares (the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
