SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • January 8th, 2010 • China Information Security Technology, Inc. • Services-prepackaged software • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of January 7, 2010 between China Information Security Technology, Inc., a Nevada corporation (the “Company”), Jiang Huai Lin (the “Selling Stockholder”) and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
SHORT TERM COMMON STOCK PURCHASE WARRANT CHINA INFORMATION SECURITY TECHNOLOGY, INC.China Information Security Technology, Inc. • January 8th, 2010 • Services-prepackaged software
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 February __, 20101 (the “Termination Date”) but not thereafter, to subscribe for and purchase from China Information Security 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).
CONFIDENTIAL China Information Security Technology, Inc. 21st Floor, Everbright Bank Building, Zhuzilin, Futian District Shenzhen, Guangdong, 518040 People's Republic of China Attn: Jiang Huai Lin Chairman and Chief Executive Officer Dear Mr. Lin:China Information Security Technology, Inc. • January 8th, 2010 • Services-prepackaged software • New York
This letter (the “Agreement”) constitutes the agreement between Rodman & Renshaw, LLC (“Rodman” or the “Placement Agent”), China Information Security Technology, Inc. (the “Company”) and the Selling Stockholder (as defined below), 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 3,252,033 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), of which 1,652,033 Shares are being sold by the Company and 1,600,000 Shares are being sold by the selling stockholder under the Registration Statement (as defined below), at a price of $6.15 per Share for aggregate gross proceeds to the Company and the selling stockholder under the Registration Statement (the “Selling Stockholder”) of approximately $20,000,000 along with a short term 45-day common stock purchase w
