JUNIOR SECURITY AGREEMENTJunior Security Agreement • February 29th, 2008 • World of Tea • Miscellaneous food preparations & kindred products • New York
This JUNIOR SECURITY AGREEMENT, dated as of December 5, 2007 (this “Agreement”), is between BroadWebAsia Inc., corporation incorporated under the laws of the British Virgin Islands (the “Company” or the “Debtor”), and Europlay Capital Advisors, LLC (the “Secured Party”), the holder of the Company’s Junior Secured Note, issued on December 5, 2007 in the original principal amount of $600,000 (the “Note”), and its endorsees, transferees and assigns.
SHARE PURCHASE WARRANT BROADWEBASIA, INC.Security Agreement • February 29th, 2008 • World of Tea • Miscellaneous food preparations & kindred products
THIS SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Europlay Capital Advisors, LLC (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the fifth anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from BroadWebAsia, Inc. (the “Company”) Shares (the “Warrant Shares”), par value $0.00004 per share, of the Company (such Shares called herein the “Common Stock”). The purchase price of one Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
