EX-10.2
from 8-K
10 pages
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 1,000,000 Shares (The “Shares”) of the Company’s Common Stock, Par Value $0.001 Per Share (The “Common Stock” at a Price of $10.00 Per Share for Aggregate Gross Proceeds to the Company of Approximately $10,000,000 Along With Short Term Six Month Common Stock Purchase Warrants (“Warrants”) to Purchase Up To, in the Aggregate, an Additional 250,000 Shares of Common Stock at an Exercise Price of $10.00 Per Share. 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 Rodman Would Have the Power or Authority to Bind the Company or Any Purchaser or an Obligation for the Company to Issue Any Securities or Complete the Placement. This Agreement and the Documents Executed and Delivered by the Company and the Purchasers in Connection With the Placement Shall Be Collectively Referred to Herein as the “Transaction Documents.” the Date of the Closing of the Placement Shall Be Referred to Herein as the “Closing Date.” the Company Expressly Acknowledges and Agrees That the Execution of This Agreement Does Not Constitute a Commitment by Rodman to Purchase the Securities and Does Not Ensure the Successful Placement of the Securities or Any Portion Thereof or the Success of Rodman With Respect to Securing Any Other Financing on Behalf of the Company. Section 1. Compensation and Other Fees. as Compensation for the Services Provided by Rodman Hereunder, the Company Agrees to Pay to Rodman
12/34/56