AMENDMENT NO. 1 TO LAUREATE RESOURCES & STEEL INDUSTRIES INC. COMMON STOCK PURCHASE WARRANT “A-1”
AMENDMENT
NO. 1 TO
LAUREATE
RESOURCES & STEEL INDUSTRIES INC.
COMMON
STOCK PURCHASE WARRANT “A-1”
THIS
AMENDMENT NO. 1 TO THE COMMON STOCK PURCHASE WARRANT “A-1” (this “Amendment”) is
made as of May 22, 2008, by and between LAUREATE
RESOURCES & STEEL INDUSTRIES INC.
(the
“Company”)
and
ARIMATHEA
LIMITED,
or its
registered assigns (the “Warrant
Holder”).
The
parties hereto herby agree, for value received, to amend that certain Common
Stock Purchase Warrant “A-1,” issued as of May 10, 2008 (the “Warrant”),
as
set forth below. Capitalized terms not expressly defined herein shall have
the
meanings ascribed to them in the Warrant.
WHEREAS,
the Company’s Board of Directors has determined that it is in the best interests
of the Company and its shareholders to amend the original warrant number A-1
granted to the Warrant Holder;
NOW,
THEREFORE:
1. Exhibit
A
to the Warrant shall be deleted in its entirety and replaced with the
following:
EXHIBIT
A
This
Warrant shall vest and become exercisable upon its execution by the parties
hereto.
2. All
other
terms and conditions of the Warrant shall be and remain in full force and effect
as therein written, except as expressly waived or modified by this
Amendment.
3. This
Amendment may be executed in multiple counterparts, each of which shall
constitute an original, but all of which together shall constitute but one
instrument.
5. In
the
event of any conflict or inconsistency between the provisions of this Amendment
and the provisions of the Warrant, the provisions of this Amendment shall govern
and control to the extent of such conflict or inconsistency.
IN
WITNESS WHEREOF, the Company has caused this Amendment to be duly executed
by
the authorized officer as of the date first above stated and agreed by the
Warrant Holder.
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LAUREATE
RESOURCES & STEEL INDUSTRIES INC.,
a Nevada corporation
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By:
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/s/
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Name:
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Title:
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Corporate
Secretary
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WARRANT
HOLDER: ARIMATHEA
LIMITED
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By:
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_________________________
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Name:
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Title:
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