June 27, 2008 Mr. David Salanic Fir Tree, Inc. Dear Mr. Salanic:Warrant Agreement • July 3rd, 2008 • Chinacast Education Corp • Services-educational services
This letter agreement between Fir Tree Value Master Fund, L.P. and Fir Tree Capital Opportunity Master Fund, L.P. (collectively, the “Warrantholder”) and ChinaCast Education Corporation (the “Company”) sets forth the understanding between the parties in connection with the exercise by the Warrantholder of 3,007,200 warrants (the “Warrants”) currently held by the Warrantholder.
June 27, 2008 Mr. Jack Silver, Trustee Sherleigh Associates Inc. Profit Sharing Plan 80 Columbus Circle PH 76A New York, NY 10023 Dear Mr. Silver:Warrant Exercise Agreement • July 3rd, 2008 • Chinacast Education Corp • Services-educational services
This letter agreement between Sherleigh Associates Inc. Profit Sharing Plan (the “Warrantholder”) and ChinaCast Education Corporation (the “Company”) sets forth the understanding between the parties in connection with the exercise by the Warrantholder of 365,282 warrants (the “Warrants”) currently held by the Warrantholder.
