EX-4.8
from S-1/A
3 pages
September 19, 2007 (1) Each Warrant Is Exercisable Into One Duoyuan Common Stock (Adjusted for Post Reverse-Split) at an Strike Price of $5.76 Per Share, Which Is 150% of the $3.84 (Adjust for Post Reserve-Split) Pipe Price; (2) After Our Stock Starts Trading in Late 2007, if the Duoyuan Common Stock Were to Trade at 10x Market Consensus on Fiscal Year 2008 Reported US Gaap After Tax Net Earnings, Namely $9.56 (10 X $0.95) Per Share (Adjusted for Post Reverse-Split). (3) the Warrants Would Have an Intrinsic Value of at Least $3,015,000, Which Is 150% of Cash Penalty Amount. See Attached Table for Details
12/34/56
EX-4.8
from S-1/A
2 pages
September 19, 2007 (1) Each Warrant Is Exercisable Into One Duoyuan Common Stock (Adjusted for Post Reverse-Split) at an Strike Price of $5.76 Per Share, Which Is 150% of the $3.84 (Adjust for Post Reserve-Split) Pipe Price; (2) After Our Stock Starts Trading in Late 2007, if the Duoyuan Common Stock Were to Trade at 10x Market Consensus on Fiscal Year 2008 Reported US Gaap After Tax Net Earnings, Namely $9.56 (10 X $0.95) Per Share (Adjusted for Post Reverse-Split). (3) the Warrants Would Have an Intrinsic Value of at Least $3,015,000, Which Is 150% of Cash Penalty Amount. See Attached Table for Details
12/34/56