SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • December 4th, 2009 • China Power Equipment, Inc. • Electrical industrial apparatus • New York
SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of November30, 2009, by and among China Power Equipment, Inc., a Maryland corporation, with headquarters located at 6th Floor, Fei Jing International, No. 15 Gaoxin 6 Road, Hi-tech Industrial Development Zone Xi’an, Shaanxi, China 710075 (the “Company”), and the Buyers listed on the Schedule of Buyers attached hereto (individually, a “Buyer” and collectively, the “Buyers”). The Company and the Buyers shall collectively be referred to as the “Parties” and individually, a “Party”.
November 30, 2009Make Good Escrow Agreement • December 4th, 2009 • China Power Equipment, Inc. • Electrical industrial apparatus • New York
This Agreement will set forth the terms pursuant to which China Power Equipment, Inc., a Maryland corporation (the “Company”), will deposit into escrow with you (the “Escrow Agent”) 2,080,000 shares of common stock, par value $0.001 per share, of the Company (the “Common Stock”), which are the shares defined as the Make Good Shares in that certain securities purchase agreement (the “Purchase Agreement”), dated November 30, 2009 among the Company, Barron Partners L.P. (“Barron Partners”) and the other investors named therein. Barron Partners and the Company shall be collectively called “Interested Parties”.
