Xxxxx Xxxxxxx, Xx. Name: Xxxxx Xx Title: Chairman Dated: February 2nd, 2016 This Warrant Agreement ("Class A Warrant Agreement") dated as of February 2, 2016, by and between KinerjaPay Corp., f/k/a Solarflex Corp. Delaware corporation with an address at J1. Xxxxxxxxx, Xx. 0X, Xxxxx Xxxxxxxxx 00000 (the "Company"), and XXXXXX, a resident of Indonesia and having an address located at J1. Xxxxx Xx. 00 Xxxxx Xxxxxxxxx "Warrant Holder"), is bei ng executed and delivered for good and valuable consideration, the receipt of which is hereby acknowledged by the Company, in connection with the Warrant Holder's execution and delivery of the Company's Reg S Subscription Agreement dated February 2, 2016 (the "Reg S Subscription Agreement"). Pursuant to this Class A Warrant Agreement, the Company hereby grants and issues to the Warrant Holder, a "Person" who is not a "U.S. Person" as those terms are defined in Section 1 below, a Class A Warrant (the "Class A Warrant") exercisable to purchase one (1) share of the Company's common stock (the "Warrant Shares") for each Unit subscribed for in the Reg S Subscription Agreement, at an exercise price of US$1.00 per Warrant Share. The CI ass A Warrant is exercisable during the period of twenty-four (24) months from the date of the Class A Warrant Agreement. The Company and the Warrant Holder are sometimes referred to collectively, as the "Parties" and individually, as a "Party." In consideration of the mutual terms, conditions, representations, warranties and agreements herein set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto hereby agree as follows:
Xxxxx Xxxxxxx, Xx. Xxx Xxxxxx and Xx. Xxx Xxxx Lung, the non-executive Directors are Xx. Xxx Xxxxxx and Xx. Xx Xxxxxxx, and the independent non-executive Directors are Xx. Xxxx Xxxx Xxxx, Xxxxx, Xx. Xx Xxxxxxxxxx and Xx. Xxxx Wei Xxxx, Xxxxxx.
Xxxxx Xxxxxxx, Xx. Xxx Xxxxxx and Xx. Xxx Xxxx, and four independent non-executive Directors, being Xx. Xxxx Xxx Xxxx Xxxxx, Xx. Xxxx Tit Xxxxxx, Mr. Fan Xxxxxxx Xxxxx Xxx and Xx. Xxxx Xxx Xxxx Xxxxxxx.
Xxxxx Xxxxxxx, Xx. Xxx 0000; Xxxxxxx, Xxxxxxxx 00000-0000; 312/263-0456; 800/000-0000; FAX: 312/000-0000; Internet: xxx.xxxxxxxxxxxxxxxxxxxxxxxxxxx.xxx
Xxxxx Xxxxxxx, Xx. Xxxx Xxxxx and Xx. Xxxxx Xxxxxxx as executive Directors, Xx. Xxxxx Xxxxxxx and Xx. Xxxx Xxxxx as non-executive directors and Xx. Xxxxxx Xxxx Wing Xxx, Xx. Xxxx Xxxxxx and Xx. Xxx Xxxxxxx as independent non-executive Directors.
Xxxxx Xxxxxxx, Xx. Xxxxxx Xxxxxx Xx. Xxxx Xxxxx The persons named above shall be asked to serve as single arbitrators in rotation according to the order in which they are listed. If an arbitrator is not available, the next person on the list shall be selected, and so on, until one of those on the list is available. For the next arbitration thereafter, the person who appears on the list immediately after the arbitrator last selected shall be the next in sequence of selection. However, by mutual consent in writing, the Parties to the grievance may select a listed arbitrator out of turn or select an arbitrator not on the list. No person may be appointed as an arbitrator or a member of a Board of Arbitration which would involve a conflict of interest because of personal involvement in the subject matter of the particular dispute. If none of the persons named above can or will act and if the Parties to the grievance cannot then agree on another arbitrator, the Parties shall ask Xx. Xxxx Xxxxx, or failing him the next arbitrator from the list above, to appoint an arbitrator.
Xxxxx Xxxxxxx, Xx. Xxxxxx X Xxxxxx
Xxxxx Xxxxxxx, Xx. Xxx Xxxxxxx (Mr. Xxxxx Xxx as his alternate) and Ms. Xxx Xxxxxxxx as non-executive directors, and Xx. Xxx Xxxxxxx, Xx. Xxx Xxxxxx, Xx. Xxxx Xxxxx and Xx. Xx Xxxxx as independent non-executive directors.
