AMENDMENT NUMBER 1 TO THE MAKE GOOD ESCROW AGREEMENTThe Make Good Escrow Agreement • August 14th, 2009 • China Valves Technology, Inc • Miscellaneous fabricated metal products • New York
THIS AMENDMENT NUMBER 1 TO THE MAKE GOOD ESCROW AGREEMENT, dated as of August 14, 2009 (this “Amendment”), is entered into by and among China Valves Technology, Inc. (f/k/a Intercontinental Resources, Inc.), a Nevada corporation (the "Company"), Bin Li (the "Make Good Pledgor"), Brean Murray Carret & Co., LLC as Investor agent (“Investor Agent”), the undersigned, who constitute at least a majority in interest of the investors in the Company’s August 2008 private placement (the “Investors”) and Escrow, LLC, as escrow agent ("Escrow Agent"). Capitalized terms used herein but not otherwise defined herein shall have the respective meanings set forth in the Make Good Agreement (as defined below).
