EXHIBIT 10.1

 
SHARE EXCHANGE AGREEMENT
 
by and among

WINNER STATE INVESTMENTS LIMITED

FANG CHEN, YANG MIAO AND YING ZHANG

FAITH WINNER INVESTMENTS LIMITED

and

VICTORY DIVIDE MINING COMPANY

 
dated as of October 3, 2007

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SHARE EXCHANGE AGREEMENT

SHARE EXCHANGE AGREEMENT, dated as of October 3, 2007 (this “Agreement”) by and
among Winner State Investments Limited, a British Virgin Islands company
(“Winner State”), Fang Chen (“Fang”), an individual, Yang Miao (“Yang”), an
individual, Ying Zhang (“Ying”), an individual, Faith Winner Investments
Limited, a British Virgin Islands company (“Faith Winner”), and Victory Divide
Mining Company, a Nevada corporation (“VICTORY DIVIDE”).
 
WHEREAS, Winner State and Fang, Yang and Ying (collectively, the “INDIVIDUALS”)
own 100% of the issued and outstanding capital stock of Faith Winner, such
capital stock being hereinafter referred to as the “Faith Winner Shares”; and
 WHEREAS, (i) Winner State , the INDIVIDUALS and Faith Winner believe it is in
their respective best interests for Winner State and the INDIVIDUALS to exchange
the Faith Winner Shares for 18,500,000 shares (the “VICTORY DIVIDE Shares” or
the “Purchase Price” as used in Section 7.1 hereof) of original issue common
stock, par value $.001 per share, of VICTORY DIVIDE (“Common Stock”), and (ii)
VICTORY DIVIDE believes it is in VICTORY DIVIDE’s best interest to acquire the
Faith Winner Shares in exchange for the VICTORY DIVIDE Shares, all upon the
terms and subject to the conditions set forth in this Agreement (the “Share
Exchange”); and
 
WHEREAS, it is the intention of the parties that: (i) VICTORY DIVIDE shall
acquire 100% of the Faith Winner Shares in exchange solely for the amount of
VICTORY DIVIDE Shares set forth herein; (ii) said exchange of shares shall
qualify as a tax-free reorganization under Section 368(a)(1)(B) of the Internal
Revenue Code of 1986, as amended (the “Code”); and (iii) said exchange shall
qualify as a transaction in securities exempt from registration or qualification
under the Securities Act of 1933, as amended and in effect on the date of this
Agreement (the “Securities Act”); and
 
WHEREAS, immediately following the consummation of the Share Exchange, and
pursuant to a Securities Purchase Agreement to be dated as of the Closing
Date (as hereinafter defined) by and among VICTORY DIVIDE and Vision Opportunity
Master Fund, Ltd, and certain other investors (collectively, the “Investors”)
substantially in the form set forth as Exhibit A hereto (the “Securities
Purchase Agreement”), VICTORY DIVIDE intends to enter into a private placement
with accredited investors whereby, in consideration of up to $21,500,000 in
gross private placement proceeds, VICTORY DIVIDE will issue to the Investors up
to 10 million shares of Series A Convertible Preferred Stock of VICTORY DIVIDE
and attached warrants to purchase Common Stock of VICTORY DIVIDE (the “Private
Placement”) upon the terms and conditions set forth in the relevant Private
Placement transaction documents; and
 
WHEREAS, immediately prior to the Share Exchange, not more than 487,500 shares
of Common Stock shall be issued and outstanding; and
 
WHEREAS, the parties hereto agree that the capitalization table (the “Cap
Table”) upon which the transactions contemplated by this Agreement and the
Private Placement are based is set forth as Exhibit B hereto; and
 
 NOW, THEREFORE, in consideration of the mutual terms, conditions and other
agreements set forth herein, the parties hereto agree as follows:
 
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ARTICLE I
EXCHANGE OF SHARES FOR COMMON STOCK
 
Section 1.1 Agreement to Exchange Faith Winner Shares for VICTORY DIVIDE Shares.
On the Closing Date (as hereinafter defined) and upon the terms and subject to
the conditions set forth in this Agreement, Winner State and the INDIVIDUALS
shall assign, transfer, convey and deliver the Faith Winner Shares to VICTORY
DIVIDE, and in consideration and exchange therefor VICTORY DIVIDE shall assign,
transfer, convey and deliver the VICTORY DIVIDE Shares to Winner State and the
INDIVIDUALS as set forth in the Cap Table.

Section 1.2 Capitalization at the Closing. On the Closing Date, immediately
before the consummation of the Share Exchange, VICTORY DIVIDE shall have as
authorized capital stock a total of 10,000,000,000 shares of Common Stock, par
value $.001 per share, of which not more than 487,500 shares of Common Stock
shall be issued and outstanding , and 50,000,000 shares of preferred stock, par
value $.001 per share, of which no shares shall be issued and outstanding, but
10,000,000 shares shall have been designated as Series A Convertible Preferred
Stock (“Series A Stock”) and 10,000,000shares shall have been designated as
Series B Convertible Preferred Stock (“Series B Stock”).

Section 1.3 Closing and Actions at Closing.
 
a. The closing of the Share Exchange (the "Closing") shall take place at 5:00
p.m. E.D.T. on the day the conditions to closing set forth in Articles V and VI
have been satisfied or waived, or at such other time and date as the parties
hereto shall agree in writing (the "Closing Date"), at the offices of Guzov
Ofsink, LLC, 600 Madison Avenue, 14th Floor, New York, New York 10022.
 
b. At the Closing: (i) Winner State and the INDIVIDUALS shall deliver to VICTORY
DIVIDE the stock certificates representing one hundred percent (100%) of the
Faith Winner Shares, duly endorsed in blank for transfer or accompanied by
appropriate stock powers duly executed in blank; and (ii) in full consideration
and exchange for the Faith Winner Shares, VICTORY DIVIDE shall issue and deliver
to Winner State and the INDIVIDUALS one or more stock certificates representing
all of the VICTORY DIVIDE Shares.
 
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ARTICLE II

REPRESENTATIONS AND WARRANTIES OF VICTORY DIVIDE

VICTORY DIVIDE hereby represents, warrants and agrees that the statements in the
following subsections of this Section 2 are all true and complete as of the date
hereof, and will, except as contemplated by this Agreement, be true and complete
as of the Closing Date as if first made on such date:

Section 2.1 Corporate Organization

a. VICTORY DIVIDE is a corporation duly organized, validly existing and in good
standing under the laws of Nevada, and has all requisite corporate power and
authority to own its properties and assets and to conduct its business as now
conducted and is duly qualified to do business and is in good standing in each
jurisdiction in which the nature of the business conducted by VICTORY DIVIDE or
the ownership or leasing of its properties makes such qualification and being in
good standing necessary, except where the failure to be so qualified and in good
standing will not have a material adverse effect on the business, operations,
properties, assets, condition or results of operation of VICTORY DIVIDE (a
"VICTORY DIVIDE Material Adverse Effect");

b. Copies of the Articles of Incorporation and By-laws of VICTORY DIVIDE, with
all amendments thereto to the date hereof, have been furnished to Winner State,
the INDIVIDUALS and Faith Winner, and such copies are accurate and complete as
of the date hereof. The minute books of VICTORY DIVIDE are current as required
by law, contain the minutes of all meetings of the Board of Directors and
shareholders of VICTORY DIVIDE from its date of incorporation to the date of
this Agreement, and adequately reflect all material actions taken by the Board
of Directors and shareholders of VICTORY DIVIDE.
 
Section 2.2 Capitalization of VICTORY DIVIDE.

a. On the Closing Date, immediately before the consummation of the Share
Exchange, the entire authorized capital stock of VICTORY DIVIDE shall consist of
10,000,000,000 shares of Common Stock, par value $.001 per share, of which not
more than 487,500 shares of Common Stock shall be issued and outstanding, and
50,000,000 shares of “blank check” preferred stock, par value $.001 per share,
of which no shares shall be issued and outstanding.
 
b. The 200 for 1 reverse stock split of VICTORY DIVIDE’s Common Stock described
in the Schedule 14C Information Statement filed with the Securities and Exchange
Commission (the “SEC”) on March 19, 2007 and the 1 for 100 forward stock split
of VICTORY DIVIDE’s Common Stock on September 14, 2007 were validly authorized
by VICTORY DIVIDE’s board of directors and/or shareholders as required under the
laws of the State of Nevada and complied with all applicable Nevada and federal
laws. To the actual knowledge of VICTORY DIVIDE, there are presently no claims
from VICTORY DIVIDE shareholders in relation to the said reverse and forward
stock splits.
 
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c. The issuance of the VICTORY DIVIDE Shares will be in accordance with the
provisions of this Agreement. On the Closing Date all of the issued and
outstanding shares of Common Stock and all of the VICTORY DIVIDE Shares to be
issued pursuant to this Agreement will have been duly authorized and, when
issued, will be validly issued, fully paid and non-assessable, will have been
issued in compliance with all applicable securities laws, and will have been
issued free of preemptive rights of any security holder. Except as set forth on
Schedule 2.2, as of the date of this Agreement there are, and as of the Closing
Date there will be, no outstanding or authorized options, warrants, agreements,
commitments, conversion rights, preemptive rights or other rights to subscribe
for, purchase or otherwise acquire or to become outstanding any shares of
VICTORY DIVIDE’s capital stock, nor are there or will there be any outstanding
or authorized stock appreciation, phantom stock, profit participation or similar
rights with respect to VICTORY DIVIDE or any Common Stock, or any voting trusts,
proxies or other agreements or understandings with respect to the voting of
VICTORY DIVIDE’s capital stock.

Section 2.3 Subsidiaries and Equity Investments. Except as set forth on
Schedule 2.3 VICTORY DIVIDE does not directly or indirectly own any capital
stock or other securities of, or any beneficial ownership interest in, or hold
any equity or similar interest, or have any investment in any corporation,
limited liability company, partnership, limited partnership, joint venture or
other company, person or other entity, including without limitation any
Subsidiary of VICTORY DIVIDE. For purposes of this Agreement, a “Subsidiary” of
a company means any entity in which, at the date of this Agreement, such company
or any of its Subsidiaries directly or indirectly owns any of the capital stock,
equity or similar interests or voting power of such entity. For each entity
listed thereon, Schedule 2.3 sets forth its jurisdiction of organization and the
percentage of the outstanding capital stock or other equity interests of such
entity that is held by VICTORY DIVIDE. Each entity listed on Schedule 2.3 is
duly organized and validly existing and, except as set forth on Schedule 2.3, is
in good standing under the laws of the jurisdiction of its formation; has the
requisite power and authority to own its properties and to carry on its business
as now being conducted; and, if applicable, is duly qualified as a foreign
entity to do business and, to the extent legally applicable, is in good standing
in every jurisdiction in which its ownership of property or the nature of the
business conducted by it makes such qualification necessary, except to the
extent that the failure to be so qualified or be in good standing would not have
a material adverse effect
 
Section 2.4 Authorization and Validity of Agreements. VICTORY DIVIDE has all
corporate power and authority to execute and deliver this Agreement, to perform
its obligations hereunder and to consummate the transactions contemplated
hereby. This Agreement constitutes the valid and legally binding obligation of
VICTORY DIVIDE, and is enforceable in accordance with its terms. VICTORY DIVIDE
does not need to give any notice to, make any filings with, or obtain any
authorization, consent or approval of any government or governmental agency or
other person in order for it to consummate the transactions contemplated by this
Agreement, other than filings that may be required or permitted under states
securities laws, the Securities Act of 1933, as amended (the “Securities Act”)
and/or the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
resulting from the issuance of the VICTORY DIVIDE Shares. The execution and
delivery of this Agreement by VICTORY DIVIDE, and the consummation by VICTORY
DIVIDE of the transactions contemplated hereby, have been duly authorized by all
necessary corporate action of VICTORY DIVIDE, and no other corporate proceedings
on the part of VICTORY DIVIDE are necessary to authorize this Agreement or to
consummate the transactions contemplated hereby.
 
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Section 2.5 No Conflict or Violation. Neither the execution and delivery of this
Agreement by VICTORY DIVIDE, nor the consummation by VICTORY DIVIDE of the
transactions contemplated hereby will: (i) violate any constitution, statute,
regulation, rule, injunction, judgment, order, decree, ruling, charge or other
restriction of any government, governmental agency, court, administrative panel
or other tribunal to which VICTORY DIVIDE is subject, or any provision of
VICTORY DIVIDE’s Articles of Incorporation, as amended, or By-laws, as amended;
(ii) conflict with, result in a breach of, constitute a default under, result in
the acceleration of, create in any party the right to accelerate, terminate,
modify or cancel, or require any notice under any agreement, contract, lease,
license, instrument or other arrangement to which Faith Winner is a party or by
which it is bound, or to which any of its assets is subject; or (iii) result in
or require the creation or imposition of any encumbrance of any nature upon or
with respect to any of VICTORY DIVIDE’s assets, including without limitation the
VICTORY DIVIDE Shares.

Section 2.6 Material Agreements. VICTORY DIVIDE is not a party to or bound by
any contracts, including, but not limited to, any:

a.
employment, advisory or consulting contract other than a consulting agreement
with Glenn A. Little dated September __, 2007;
   
b.
plan providing for employee benefits of any nature;
   
c.
lease with respect to any property or equipment;
   
d.
contract, agreement, understanding or commitment for any future expenditure in
excess of $1,000 in the aggregate;
   
e.
contract or commitment pursuant to which it has assumed, guaranteed, endorsed,
or otherwise become liable for any obligation of any other person, entity or
organization;
   
f.
agreement with any person relating to the dividend, purchase or sale of
securities, that has not been settled by the delivery or payment of securities
when due, and which remains unsettled upon the date of this Agreement.

 Section 2.7 No Disagreements with Accountants and Lawyers. There are no
disagreements of any kind presently existing, or anticipated by VICTORY DIVIDE
to arise, between VICTORY DIVIDE and any accountants and/or lawyers formerly or
presently employed by VICTORY DIVIDE. VICTORY DIVIDE is current with respect to
fees owed to its accountants and lawyers.
 
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Section 2.8 Disclosure. This Agreement and any certificate attached hereto or
delivered in accordance with the terms hereby by or on behalf of VICTORY DIVIDE
in connection with the transactions contemplated by this Agreement, when taken
together, do not contain any untrue statement of a material fact or omit any
material fact necessary in order to make the statements contained herein and/or
therein not misleading.

Section 2.9  Litigation; Compliance with Laws. There is no action, suit,
proceeding or investigation pending or, to the best knowledge of VICTORY DIVIDE,
currently threatened against VICTORY DIVIDE or any Subsidiary that may affect
the validity of this Agreement or the right of VICTORY DIVIDE to enter into this
Agreement or to consummate the transactions contemplated hereby. There is no
action, suit, proceeding or investigation pending or, to the best knowledge of
VICTORY DIVIDE, currently threatened against VICTORY DIVIDE or any Subsidiary,
before any court or by or before any governmental body or any arbitration board
or tribunal, nor is there any judgment, decree, injunction or order of any
court, governmental department, commission, agency, instrumentality or
arbitrator against VICTORY DIVIDE or any of its Subsidiaries. Neither VICTORY
DIVIDE nor any Subsidiary is a party or subject to the provisions of any order,
writ, injunction, judgment or decree of any court or government agency or
instrumentality. There is no action, suit, proceeding or investigation by
VICTORY DIVIDE or any Subsidiary currently pending or which VICTORY DIVIDE or
any Subsidiary intends to initiate. VICTORY DIVIDE has been and is in compliance
with, and has not received any notice of any violation of any, law, ordinance,
regulation or rule of any kind whatsoever, including without limitation the
Securities Act, the Exchange Act, the rules and regulations of the SEC, or the
securities laws and rules and regulations of any state. VICTORY DIVIDE is not an
“investment company” as such term is defined by the Investment Company Act of
1940, as amended. When any reference to the “knowledge” or “best knowledge” of
VICTORY DIVIDE is made in this Agreement, such terms shall mean the knowledge
that would be gained from diligent and due inquiry into the matters referenced.

Section 2.10 Financial Statements; SEC Filings.

a. VICTORY DIVIDE’s financial statements contained in its periodic reports filed
with the Securities and Exchange Commission, (the “Financial Statements”) have
been prepared in accordance with generally accepted accounting principles
applicable in the United States of America (“U.S. GAAP”) applied on a consistent
basis throughout the periods indicated and with each other, except that those of
the Financial Statements that are not audited do not contain all footnotes
required by U.S. GAAP. The Financial Statements fairly present the financial
condition and operating results of VICTORY DIVIDE as of the dates, and for the
periods, indicated therein, subject to normal year-end audit adjustments. Except
as set forth in the Financial Statements, VICTORY DIVIDE has no material
liabilities (contingent or otherwise). VICTORY DIVIDE is not a guarantor or
indemnitor of any indebtedness of any other person, firm or corporation. VICTORY
DIVIDE maintains and will continue to maintain until the Closing a standard
system of accounting established and administered in accordance with U.S. GAAP.
 
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b.
(i) VICTORY DIVIDE has made all filings with the SEC that it has been required
to make under the Securities Act and the Exchange Act (such filings, inclusive
of all reports and VICTORY DIVIDE’s registration statement on Form 10-SB filed
with the SEC on July 12, 2006 (the “Form 10-SB”), are hereinafter referred to as
the “Public Reports”). Each of the Public Reports has complied with the
Securities Act and the Exchange Act, and the Sarbanes/Oxley Act of 2002 (the
“Sarbanes/Oxley Act”) and/or regulations promulgated thereunder, as the case may
be, in all material respects. None of the Public Reports, as of their respective
dates, contained any untrue statement of a material fact or omitted to state a
material fact necessary to make the statements made therein not misleading. The
Form 10-SB, at the time it became effective, did not contain any untrue
statement of material fact or omit to state a material fact necessary to make
the statements made therein not misleading. The financial statements, including
the notes thereto, included in the Public Reports have been prepared in
accordance with U.S. GAAP applied on a consistent basis throughout the periods
covered thereby and present fairly the financial condition of VICTORY DIVIDE as
of such dates and the results of operations of VICTORY DIVIDE for such periods;
provided, however, that the financial statements for all interim periods are
subject to normal year-end adjustments and lack certain footnotes and other
presentation items otherwise required by GAAP. To the knowledge of VICTORY
DIVIDE, there is no event, fact or circumstance that would cause any
certification signed by any officer of VICTORY DIVIDE in connection with any
Public Report pursuant to the Sarbanes/Oxley Act to be untrue, inaccurate or
incorrect in any respect. The Common Stock of VICTORY DIVIDE covered by the Form
10-SB is validly, properly and effectively registered under the Exchange Act in
accordance with all applicable federal securities laws and trades on the OTC
Bulletin Board. There is no revocation order, suspension order, injunction or
other proceeding or law affecting the effectiveness of VICTORY DIVIDE’s Exchange
Act registration or the trading of its Common Stock. The consummation of the
transactions contemplated by this Agreement do not conflict with and will not
result in any violation of any NASD or OTC Bulletin Board trading requirement or
standard applicable to VICTORY DIVIDE or its Common Stock.

(ii) Since the date of the filing of its quarterly report on Form 10-QSB for the
quarter ended June 30, 2007, except as specifically disclosed in the Public
Reports and except as set forth on Schedule 2.10: (A) therehas been no event,
occurrence or development that has resulted in or could result in a Material
Adverse Effect (for purposes of this Section 2.10, a “Material Adverse Effect”
means any event, occurrence, fact, condition, change or effect that is
materially adverse to the business, assets, condition (financial or otherwise),
operating results or prospects of VICTORY DIVIDE); (B) VICTORY DIVIDE has not
incurred any liabilities, contingent or otherwise, other than professional fees,
which are accurately disclosed in the Public Reports; (C) VICTORY DIVIDE has not
declared or made any dividend or distribution of cash or property to its
shareholders, purchased, redeemed or made any agreements to purchase or redeem
any shares of its capital stock, or issued any equity securities; or (D) VICTORY
DIVIDE has not made any loan, advance or capital contribution to or investment
in any person or entity.
 
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Section 2.11 Books and Financial Records. All the accounts, books, registers,
ledgers, Board minutes and financial and other material records of whatsoever
kind of each of VICTORY DIVIDE and any Subsidiary of VICTORY DIVIDE have been
fully, properly and accurately kept and completed; there are no material
inaccuracies or discrepancies of any kind contained or reflected therein; and
they give and reflect a true and fair view of the financial, contractual and
legal position of VICTORY DIVIDE and each such Subsidiary.

Section 2.12 Employee Benefit Plans. VICTORY DIVIDE does not have any “Employee
Benefit Plan” as defined in the U.S. Employee Retirement Income Security Act of
1974 or similar plans under any applicable laws.

Section 2.13 Tax Returns, Payments and Elections. Each of VICTORY DIVIDE and its
Subsidiaries has timely filed all Tax (as defined below) returns, statements,
reports, declarations and other forms and documents (including, without
limitation, estimated tax returns and reports and material information returns
and reports) (“Tax Returns”) required pursuant to applicable law to be filed
with any Tax Authority (as defined below). All such Tax Returns are accurate,
complete and correct in all material respects, and each of VICTORY DIVIDE and
its Subsidiaries has timely paid all Taxes due. Each of VICTORY DIVIDE and its
Subsidiaries has withheld or collected from each payment made to each of its
employees the amount of all Taxes (including, but not limited to, United States
income taxes and other foreign taxes) required to be withheld or collected
therefrom, and has paid the same to the proper Tax Authority. For purposes of
this Agreement, the following terms have the following meanings: “Tax” (and,
with correlative meaning, “Taxes” and “Taxable”) means any and all taxes
including, without limitation, (x) any net income, alternative or add-on minimum
tax, gross income, gross receipts, sales, use, ad valorem, transfer, franchise,
profits, value added, net worth, license, withholding, payroll, employment,
excise, severance, stamp, occupation, premium, property, environmental or
windfall profit tax, custom, duty or other tax, governmental fee or other like
assessment or charge of any kind whatsoever, together with any interest or any
penalty, addition to tax or additional amount imposed by any United States,
local or foreign governmental authority or regulatory body responsible for the
imposition of any such tax (domestic or foreign) (a “Tax Authority”), (y) any
liability for the payment of any amounts of the type described in (x) as a
result of being a member of an affiliated, consolidated, combined or unitary
group for any taxable period or as the result of being a transferee or successor
thereof, and (z) any liability for the payment of any amounts of the type
described in (x) or (y) as a result of any express or implied obligation to
indemnify any other person.

Section 2.14 Absence of Liabilities. As of the Closing Date, VICTORY DIVIDE will
have no liabilities of any kind whatsoever. VICTORY DIVIDE is not a guarantor of
any indebtedness of any other person, entity or corporation.
 
Section 2.15  No Broker Fees. No brokers, finders or financial advisory fees or
commissions will be payable by VICTORY DIVIDE with respect to the transactions
contemplated by this Agreement.
 
Section 2.16 Survival. Each of the representations and warranties set forth in
this Article II shall be deemed represented and made by VICTORY DIVIDE at the
Closing as if made at such time and shall survive the Closing for a period
terminating on the second anniversary of the date of this Agreement.

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ARTICLE III

REPRESENTATIONS AND WARRANTIES OF WINNER STATE, THE INDIVIDUALS AND FAITH WINNER

 Unless otherwise provided below, Winner State, the INDIVIDUALS and Faith Winner
hereby jointly and severally represent, warrant and agree that the statements in
the following subsections of this Section 3 are all true and complete as of the
date hereof, and will, except as contemplated by this Agreement, be true and
complete as of the Closing Date as if first made on such date:

Section 3.1 Corporate Organization.  Faith Winner is organized as a business
company under the laws of the British Virgin Islands; is duly organized, validly
existing and in good standing under the laws of the British Virgin Islands; and
has the requisite power and authority to own, lease and operate its assets and
properties and to carry on its business as it is now being or currently planned
to be conducted. Faith Winner is in possession of all franchises, grants,
authorizations, licenses, permits, easements, consents, certificates, approvals
and orders (“Approvals”) necessary to own, lease and operate the properties it
purports to own, operate or lease and to carry on its business as it is now
being conducted and will be conducted through WFOE and Yanglin (as defined and
described in Schedule 3.3(a)), and to consummate the transactions contemplated
under this Agreement, except where the failure to have such Approvals could not,
individually or in the aggregate, reasonably be expected to have a material
adverse effect on the business, operations, properties, assets, condition or
results of operation of Faith Winner. Faith Winner has complete and correct
copies of its articles of organization and bylaws or similar governing,
organization or charter documents (collectively referred to herein as "Charter
Documents"). Faith Winner is not in violation of any of the provisions of its
Charter Documents. The minute books or the equivalent of Faith Winner contain
true, complete and accurate records of all meetings and consents in lieu of
meetings of its board of directors (and any committees thereof), similar
governing bodies and stockholders ("Corporate Records"), since the time of its
organization until the date hereof. The stock ledgers and other ownership
records of the shares of each of Faith Winner’s capital stock (the “Share
Records”) are true, complete and accurate records of the ownership of the shares
of such capital stock as of the date thereof and contain all issuances and
transfers of such shares since the time of Faith Winner’s organization.
 
Section 3.2 Capitalization of Faith Winner; Title to the Faith Winner Shares. On
the Closing Date, immediately before the transactions to be consummated pursuant
to this Agreement, Faith Winner shall have authorized capital consisting of
50,000 shares, par value US $1.00 per share, 50,000 shares of which,
constituting all of the Faith Winner Shares, will be issued and outstanding. All
of the Faith Winner Shares are owned of record by Winner State and the
INDIVIDUALS. The Faith Winner Shares are the sole outstanding shares of capital
stock of Faith Winner and the INDIVIDUALS, and there are no outstanding options,
warrants, agreements, commitments, conversion rights, preemptive rights or other
rights to subscribe for, purchase or otherwise acquire any shares of capital
stock or any un-issued or treasury shares of capital stock of Faith Winner.
 
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Section 3.3  Subsidiaries and Equity Investments.

a. Each Subsidiary and affiliated company of Faith Winner and Yanglin is set
forth on Schedule 3. 3(a).

b. Except as set forth on Schedule 3.3(a), Faith Winner does not, directly or
indirectly own any capital stock or other securities of, or any beneficial
ownership interest in, or hold any equity or similar interest, or have any
investment in any corporation, limited liability company, partnership, limited
partnership, joint venture or other company, person or other entity. For each
entity listed thereon, Schedule 3.3(a) sets forth its jurisdiction of
organization and the percentage of the outstanding capital stock or other equity
interests of such entity that is held by Faith Winner. Each entity listed on
Schedule 3.3(a) is duly organized and validly existing and, except as set forth
on Schedule 3.3(a), is in good standing under the laws of the jurisdiction of
its formation; has the requisite power and authority to own its properties and
to carry on its business as now being conducted; and, if applicable, is duly
qualified as a foreign entity to do business and, to the extent legally
applicable, is in good standing in every jurisdiction in which its ownership of
property or the nature of the business conducted by it makes such qualification
necessary, except to the extent that the failure to be so qualified or be in
good standing would not have a material adverse effect.

c. The contractual agreements entered into between WFOE and Yanglin (as
described in Schedule 3.3(a)) which essentially gives WFOE control over
Yanglin’s business and management as if Yanglin were a wholly-owned subsidiary
of WFOE were validly entered into by the parties and in compliance with relevant
PRC laws and regulations and all necessary approvals in connection with such
contractual agreements have been obtained, except for those that do not or will
not have a material adverse effect on the business of Yanglin.
 
Section 3.4 Authorization and Validity of Agreements. Faith Winner has all
corporate power and authority to execute and deliver this Agreement, to perform
its obligations hereunder and to consummate the transactions contemplated
hereby. Winner State and the INDIVIDUALS warrants and represents that it has
full power and authority to execute and deliver this Agreement, to perform its
obligations hereunder and to consummate the transactions contemplated hereby.
This Agreement constitutes the valid and legally binding obligation of VICTORY
DIVIDE, of Winner State and of the INDIVIDUALS, and is enforceable in accordance
with its terms. Neither Faith Winner, Winner State nor the INDIVIDUALS need give
any notice to, make any filings with, or obtain any authorization, consent or
approval of any government or governmental agency or other person in order for
it to consummate the transactions contemplated by this Agreement, other than
filings that may be required or permitted under states securities laws, the
Securities Act and/or the Exchange Act resulting from the transfer and exchange
of the Faith Winner Shares. The execution and delivery of this Agreement by
Faith Winner and by Winner State and the INDIVIDUALS, and the consummation by
Faith Winner and by Winner State and the INDIVIDUALS of the transactions
contemplated hereby, have been duly authorized by all necessary corporate action
of Faith Winner, and no other corporate proceedings on the part of Faith Winner
or other actions on the part of Winner State and the INDIVIDUALS are necessary
to authorize this Agreement or to consummate the transactions contemplated
hereby.

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Section 3.5 No Conflict or Violation. Neither the execution and delivery of this
Agreement by Faith Winner, by Winner State and by the INDIVIDUALS, nor the
consummation by Faith Winner and/or Winner State and/or INDIVIDUALS of the
transactions contemplated hereby will: (i) violate any constitution, statute,
regulation, rule, injunction, judgment, order, decree, ruling, charge or other
restriction of any government, governmental agency, court, administrative panel
or other tribunal to which Faith Winner and/or Winner State and/or INDIVIDUALS
is subject, or any provision of Faith Winner’s Charter Documents; (ii) conflict
with, result in a breach of, constitute a default under, result in the
acceleration of, create in any party the right to accelerate, terminate, modify
or cancel, or require any notice under any agreement, contract, lease, license,
instrument or other arrangement to which Faith Winner and/or the INDIVIDUALS
is/are a party or by which it/they is/are bound, or to which any of
its/their/his assets is subject; or (iii) result in or require the creation or
imposition of any encumbrance of any nature upon or with respect to any of Faith
Winner’s or any of the INVIDUALS’ assets, including without limitation the Faith
Winner Shares.

Section 3.6  Investment Representations.

(a) The VICTORY DIVIDE Shares will be acquired hereunder solely for the account
of Winner State and the INDIVIDUALS, for investment, and not with a view to the
resale or distribution thereof. Winner State understands and is able to bear any
economic risks associated with acquiring the VICTORY DIVIDE Shares. Winner State
and the INDIVIDUALS have had full access to all the information it considers
necessary or appropriate to make an informed investment decision with respect to
the VICTORY DIVIDE Shares.

(b) No offer to enter into this Agreement has been made by VICTORY DIVIDE to
Winner State and/or the INDIVIDUALS in the United States. None of Winner State
or any of its affiliates or any person acting on its behalf or on behalf of any
such affiliate, has engaged or will engage in any activity undertaken for the
purpose of, or that reasonably could be expected to have the effect of,
conditioning the markets in the United States for the VICTORY DIVIDE Shares,
including, but not limited to, effecting any sale or short sale of securities
through Winner State or any of its affiliate, prior to the expiration of any
restricted period contained in Regulation S promulgated under the Securities Act
(any such activity being defined herein as a “Directed Selling Effort”). To the
best knowledge of Winner State and the INDIVIDUALS this Agreement and the
transactions contemplated herein are not part of a plan or scheme to evade the
registration provisions of the Securities Act, and the VICTORY DIVIDE Shares are
being acquired for investment purposes by Winner State and the INDIVIDUALS.
Winner State and the INDIVIDUALS agree that all offers and sales of the VICTORY
DIVIDE Shares from the date hereof and through the expiration of the any
restricted period set forth in Rule 903 of Regulation S (as the same may be
amended from time to time hereafter) shall not be made to U.S. Persons (within
the meaning of Regulation S) or for the account or benefit of U.S. Persons and
shall otherwise be made in compliance with the provisions of Regulation S and
any other applicable provisions of the Securities Act. Neither Winner State, its
representative nor the INDIVIDUALS has conducted any Directed Selling Effort as
that term is used and defined in Rule 902 of Regulation S and neither Winner
State nor any of its representative will engage in any such Directed Selling
Effort within the United States through the expiration of any restricted period
set forth in Rule 903 of Regulation S.
 
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Section 3.7  Brokers’ Fees. Neither Winner State, the INDIVIDUALS nor Faith
Winner has any liability to pay any fees or commissions or other consideration
to any broker, finder, or agent with respect to the transactions contemplated by
this Agreement, other than to that listed under Schedule 3.7.

Section 3.8  Disclosure. This Agreement, the schedules hereto and any
certificate attached hereto or delivered in accordance with the terms hereof by
or on behalf of Winner State, the INDIVIDUALS or Faith Winner in connection with
the transactions contemplated by this Agreement, when taken together, do not
contain any untrue statement of a material fact or omit any material fact
necessary in order to make the statements contained herein and/or therein not
misleading.

Section 3.9 Survival. Each of the representations and warranties set forth in
this Article III shall be deemed represented and made by Winner State, the
INDIVIDUALS and/or Faith Winner, as the case may be, at the Closing as if made
at such time and shall survive the Closing for a period terminating on the
second anniversary of the date of this Agreement.

ARTICLE IV

COVENANTS

Section 4.1 Certain Changes and Conduct of Business.

a. From and after the date of this Agreement and until the Closing Date, VICTORY
DIVIDE shall conduct its business solely in the ordinary course consistent with
past practices and, in a manner consistent with all representations, warranties
or covenants of VICTORY DIVIDE contained herein, and without the prior written
consent of Winner State (which may be withheld for any reason or no reason),
will not, except as required or permitted pursuant to the terms hereof and the
Private Placement:

 
i.
make any material change in the conduct of its businesses and/or operations or
enter into any transaction other than in the ordinary course of business
consistent with past practices;

 
ii.
except as provided in Section 4.6 hereof, make any change in its Charter
Documents; issue any additional shares of capital stock or equity securities or
grant any option, warrant or right to acquire any capital stock or equity
securities or issue any security convertible into or exchangeable for its
capital stock or alter in any material term of any of its outstanding securities
or make any change in its outstanding shares of capital stock or its
capitalization, whether by reason of a reclassification, recapitalization, stock
split or combination, exchange or readjustment of shares, stock dividend or
otherwise;

 
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iii
except as provided in Section 4.6 hereof:

A.
incur, assume or guarantee any indebtedness for borrowed money, issue any notes,
bonds, debentures or other corporate securities or grant any option, warrant or
right to purchase any thereof, except pursuant to transactions in the ordinary
course of business consistent with past practices; or

 
B.
issue any securities convertible or exchangeable for debt or equity securities
of VICTORY DIVIDE;

iv
make any sale, assignment, transfer, abandonment or other conveyance of any of
its assets or any part thereof, except pursuant to transactions in the ordinary
course of business consistent with past practice;

v.
subject any of its assets, or any part thereof, to any lien or suffer such to be
imposed other than such liens as may arise in the ordinary course of business
consistent with past practices by operation of law which will not have an
VICTORY DIVIDE Material Adverse Effect;

vi.
acquire any assets, raw materials or properties, or enter into any other
transaction, other than in the ordinary course of business consistent with past
practices;

vii.
enter into any new (or amend any existing) employee benefit plan, program or
arrangement or any new (or amend any existing) employment, severance or
consulting agreement, grant any general increase in the compensation of officers
or employees (including any such increase pursuant to any bonus, pension,
profit-sharing or other plan or commitment) or grant any increase in the
compensation payable or to become payable to any employee, except in accordance
with pre-existing contractual provisions or consistent with past practices;

viii.
make or commit to make any material capital expenditures;

 
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ix.
pay, loan or advance any amount to, or sell, transfer or lease any properties or
assets to, or enter into any agreement or arrangement with, any of its
affiliates;

x.
guarantee any indebtedness for borrowed money or any other obligation of any
other person;

xi.
fail to keep in full force and effect insurance comparable in amount and scope
to coverage maintained by it (or on behalf of it) on the date hereof;

xii.
take any other action that would cause any of the representations and warranties
made by it in this Agreement not to remain true and correct in all material
aspect;

xiii.
make any material loan, advance or capital contribution to or investment in any
person;

xiv.
make any material change in any method of accounting or accounting principle,
method, estimate or practice;

xv.
settle, release or forgive any claim or litigation or waive any right;

xvi.
commit itself to do any of the foregoing.

b.From and after the date of this Agreement, Faith Winner will, and Winner State
will cause Faith Winner to:

i.
continue to maintain, in all material respects, its properties in accordance
with present practices in a condition suitable for its current use;

ii.
file, when due or required, federal, state, foreign and other tax returns and
other reports required to be filed and pay when due all taxes, assessments, fees
and other charges lawfully levied or assessed against it, unless the validity
thereof is contested in good faith and by appropriate proceedings diligently
conducted;

iii.
continue to conduct its business in the ordinary course consistent with past
practices;

iv.
keep its books of account, records and files in the ordinary course and in
accordance with existing practices; and

 
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v.
continue to maintain existing business relationships with suppliers.

c. From and after the date of this Agreement, Winner State will not sell,
transfer, convey, assign or otherwise dispose of, or contract or otherwise agree
to sell, transfer, convey, assign or otherwise dispose of any of the Faith
Winner Shares except as provided by this Agreement.

Section 4.2 Access to Properties and Records. Winner State and Faith Winner
shall afford to VICTORY DIVIDE’s accountants, counsel and authorized
representatives, and VICTORY DIVIDE shall afford to Winner State's and Faith
Winner’s accountants, counsel and authorized representatives, full access during
normal business hours throughout the period prior to the Closing Date (or the
earlier termination of this Agreement) to all of such parties’ properties,
books, contracts, commitments and records and, during such period, shall furnish
promptly to the requesting party all other information concerning the other
party's business, properties and personnel as the requesting party may
reasonably request, provided that no investigation or receipt of information
pursuant to this Section 5.2 shall affect any representation or warranty of or
the conditions to the obligations of any party.

Section 4.3 Negotiations. From and after the date hereof until the earlier of
the Closing or the termination of this Agreement, no party to this Agreement,
nor any of its officers or directors (subject to such director's fiduciary
duties), nor anyone acting on behalf of any party or other persons shall,
directly or indirectly, encourage, solicit, engage in discussions or
negotiations with, or provide any information to, any person, firm, or other
entity or group concerning any merger, sale of substantial assets, purchase or
sale of shares of capital stock or similar transaction involving any party
except for the Private Placement. A party shall promptly communicate to any
other party any inquiries or communications concerning any such transaction
which they may receive or of which they may become aware.

Section 4.4 Consents and Approvals. The parties shall: (i) use their reasonable
commercial efforts to obtain all necessary consents, waivers, authorizations and
approvals of all governmental and regulatory authorities, domestic and foreign,
and of all other persons, firms or corporations required in connection with the
execution, delivery and performance by them of this Agreement; and (ii)
diligently assist and cooperate with each party in preparing and filing all
documents required to be submitted by a party to any governmental or regulatory
authority, domestic or foreign, in connection with such transactions and in
obtaining any governmental consents, waivers, authorizations or approvals which
may be required to be obtained connection in with such transactions.

Section 4.5 Public Announcement. Unless otherwise required by applicable law,
the parties hereto shall consult with each other before issuing any press
release or otherwise making any public statements with respect to this Agreement
and shall not issue any such press release or make any such public statement
prior to such consultation.

Section 4.6 Permitted Stock Issuances. From and after the date of this Agreement
until the Closing Date, neither VICTORY DIVIDE, Winner State, nor Faith Winner
shall issue any additional shares of its capital stock, except that VICTORY
DIVIDE may on the Closing Date issue the VICTORY DIVIDE Shares as hereinbefore
provided; and in connection with the Private Placement issue up to an aggregate
of 10,000,000 shares of Series A Stock and attached warrants to accredited
investors pursuant to the terms of the Securities Purchase Agreement.

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ARTICLE V

CONDITIONS TO OBLIGATIONS OF WINNER STATE AND FAITH WINNER

The obligations of Winner State, the INDIVIDUALS and Faith Winner to consummate
the transactions contemplated by this Agreement are subject to the fulfillment,
at or before the Closing Date, of the following conditions, any one or more of
which may be waived by Winner State, the INDIVIDUALS and Faith Winner in Winner
State’s sole discretion:

Section 5.1 Representations and Warranties of VICTORY DIVIDE. All
representations and warranties made by VICTORY DIVIDE in this Agreement shall be
true and correct on and as of the Closing Date as if again made by VICTORY
DIVIDE on and as of such date.

Section 5.2 Agreements and Covenants. VICTORY DIVIDE shall have performed and
complied in all material respects to all agreements and covenants required by
this Agreement to be performed or complied with by it on or prior to the Closing
Date.

Section 5.3 Consents and Approvals. All consents, waivers, authorizations and
approvals of any governmental or regulatory authority, domestic or foreign, and
of any other person, firm or corporation, required in connection with the
execution, delivery and performance of this Agreement shall be in full force and
effect on the Closing Date.

Section 5.4 No Violation of Orders. No preliminary or permanent injunction or
other order issued by any court or governmental or regulatory authority,
domestic or foreign, nor any statute, rule, regulation, decree or executive
order promulgated or enacted by any government or governmental or regulatory
authority, which declares this Agreement invalid in any respect or prevents the
consummation of the transactions contemplated hereby, or which materially and
adversely affects the assets, properties, operations, prospects, net income or
financial condition of VICTORY DIVIDE shall be in effect; and no action or
proceeding before any court or governmental or regulatory authority, domestic or
foreign, shall have been instituted or threatened by any government or
governmental or regulatory authority, domestic or foreign, or by any other
person, or entity which seeks to prevent or delay the consummation of the
transactions contemplated by this Agreement or which challenges the validity or
enforceability of this Agreement.

Section 5.5 Other Closing Documents. Winner State and Faith Winner shall have
received such certificates, instruments and documents in confirmation of the
representations and warranties of VICTORY DIVIDE, VICTORY DIVIDE’s performance
of its obligations hereunder, and/or in furtherance of the transactions
contemplated by this Agreement as Winner State, Faith Winner and/or their
respective counsel may reasonably request.
 
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Section 5.6 Consummation of Private Placement. The Private Placement and the
financing contemplated thereby and by the Securities Purchase Agreement shall
have closed.

ARTICLE VI
 
CONDITIONS TO OBLIGATIONS OF VICTORY DIVIDE

The obligations of VICTORY DIVIDE to consummate the transactions contemplated by
this Agreement are subject to the fulfillment, at or before the Closing Date, of
the following conditions, any one or more of which may be waived by VICTORY
DIVIDE in its sole discretion:

Section 6.1 Representations and Warranties of Winner State and Faith Winner. All
representations and warranties made by Winner State and Faith Winner in this
Agreement shall be true and correct on and as of the Closing Date as if again
made by Winner State and Faith Winner, as applicable, on and as of such date.

Section 6.2 Agreements and Covenants. Each of Winner State and Faith Winner
shall have performed and complied in all material respects to all agreements and
covenants required by this Agreement to be performed or complied with by each of
them on or prior to the Closing Date.

Section 6.3 Consents and Approvals. All consents, waivers, authorizations and
approvals of any governmental or regulatory authority, domestic or foreign, and
of any other person, firm or corporation, required in connection with the
execution, delivery and performance of this Agreement, shall have been duly
obtained and shall be in full force and effect on the Closing Date.

Section 6.4 No Violation of Orders. No preliminary or permanent injunction or
other order issued by any court or other governmental or regulatory authority,
domestic or foreign, nor any statute, rule, regulation, decree or executive
order promulgated or enacted by any government or governmental or regulatory
authority, domestic or foreign, that declares this Agreement invalid or
unenforceable in any respect or which prevents the consummation of the
transactions contemplated hereby, or which materially and adversely affects the
assets, properties, operations, prospects, net income or financial condition of
Faith Winner, taken as a whole, shall be in effect; and no action or proceeding
before any court or government or regulatory authority, domestic or foreign,
shall have been instituted or threatened by any government or governmental or
regulatory authority, domestic or foreign, or by any other person, or entity
which seeks to prevent or delay the consummation of the transactions
contemplated by this Agreement or which challenges the validity or
enforceability of this Agreement.

Section 6.5 Other Closing Documents. VICTORY DIVIDE shall have received such
certificates, instruments and documents in confirmation of the representations
and warranties of Winner State and/or Faith Winner, as applicable, the
performance of Winner State’s and Faith Winner’s obligations hereunder and/or in
furtherance of the transactions contemplated by this Agreement as VICTORY DIVIDE
or its counsel may reasonably request.
 
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Section 6.6 Consummation of Private Placement. The Private Placement and the
financing contemplated thereby and by the Securities Purchase Agreement shall
have closed.

Section 6.7 Yanglin has entered into the employment contracts, confidentiality,
and non-competition agreements and non-compete undertaking letters with its
management as set forth in Schedule 6.7 hereto.

ARTICLE VII

POST-CLOSING AGREEMENTS

Section 7.1 Purchase Price Adjustment. The parties agree that the total Purchase
Price shall be adjusted based on the financial performance of VICTORY DIVIDE on
a consolidated basis for the fiscal year ended December 31, 2008 following the
Closing as follows (as used in this Agreement, “Net Income” means Net Income as
defined in accordance with US GAAP and reported by VICTORY DIVIDE in its audited
financial statements for the fiscal year ending December 31, 2008 (the “2008
Financial Statements”) plus any amounts that may have been recorded as charges
or liabilities on the 2008 Financial Statements due to the application of EITF
No. 00-19 that are associated with (A) any outstanding Warrants of the Company,
(B) any issuance under a performance based stock incentive plan that was in
existence on the Closing Date or (C) the transactions contemplated under the
Securities Escrow Agreement dated the date hereof by and among the Company,
Winner State, Vision Opportunity Master Fund, Ltd. and Loeb & Loeb, as escrow
agent and Section 7.1 of this Agreement): 
 

 
a.
If (i) the 2008 Net Income is equal to or greater than $14,100,000, (ii)
Earnings Per Share is equal to or greater than $0.47, such “Earnings Per Share”
to be calculated by dividing Net Income, by the aggregate number of shares of
then outstanding Common Stock plus the number of shares of Series A Stock
outstanding, (iii) cash from operations reported by the Company in accordance
with US GAAP in the 2008 Financial Statements is greater than $12,100,000 and
(iv) cash from operations on a per share basis (calculated in the same manner as
Earnings Per Share) exceeds $0.40; then 4,000,000 shares of Common Stock shall
be issued to Winner State or its designees by the Company as an adjustment to
the Purchase Price.

 
b.
All share numbers set forth in clause a above shall be proportionately adjusted
in the event that VICTORY DIVIDE consummates a stock split or combination or
other recapitalization.

 
c.
VICTORY DIVIDE shall reserve shares of Common Stock to be issued pursuant to
this Section 7.1 for issuance hereunder.

 
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Section 7.2 Consistency in Reporting. Each party hereto agrees that if the
characterization of any transaction contemplated in this agreement or any
ancillary or collateral transaction is challenged, each party hereto will
testify, affirm and ratify that the characterization contemplated in such
agreement was the characterization intended by the party; provided, however,
that nothing herein shall be construed as giving rise to any obligation if the
reporting position is determined to be incorrect by final decision of a court of
competent jurisdiction.

Section 7.3 Related Party Transactions. Except as set forth below, VICTORY
DIVIDE agrees that upon consummation of the transactions contemplated by this
Agreement, it shall not, and shall not permit its subsidiaries and its
affiliates, whether directly and indirectly owned, including, without
limitation, Faith Winner Investments Limited, Faith Winner (Jixian) Agriculture
Development Company and Heilongjiang Yanglin Soybean Group Co., Ltd. to enter
into any “related party” transaction unless it has procured the unanimous
approval of its board of directors. For the purposes of this Section 7.3, a
“related party” transaction shall mean a transaction meeting the disclosure
criteria set forth in Item 404 of Regulation S-K. In the event a related party
transaction involves a director or directors as a party or an affiliate of a
party such that the director(s) abstain from voting on a transaction, the
unanimous approval requirement of this Section 7.3 shall be met by approval of
all non-abstaining directors.
 
ARTICLE VIII
 
TERMINATION AND ABANDONMENT

Section 8.1 Methods of Termination. This Agreement may be terminated and the
transactions contemplated hereby may be abandoned at any time before the
Closing:

a. By the mutual written consent of Winner State, Faith Winner and VICTORY
DIVIDE ;

b. By VICTORY DIVIDE, upon a material breach on the part of Winner State or
Faith Winner of any representation, warranty, covenant or agreement set forth in
this Agreement, or if any representation or warranty of Winner State or Faith
Winner shall become untrue, in either case such that any of the conditions set
forth in Article VII hereof would not be satisfied (a "Winner State /Faith
Winner Breach"), and such breach, if capable of cure, has not been cured within
ten (10) days after receipt by Winner State and Faith Winner of a written notice
from VICTORY DIVIDE setting forth in detail the nature of such Winner
State/Faith Winner Breach;

c. By Winner State and Faith Winner, upon a material breach on the part of
VICTORY DIVIDE of any representation, warranty, covenant or agreement set forth
in this Agreement, or, if any representation or warranty of VICTORY DIVIDE shall
become untrue, in either case such that any of the conditions set forth in
Article VI hereof would not be satisfied (a "VICTORY DIVIDE Breach"), and such
breach, if capable of cure, has not been cured within ten (10) days after
receipt by VICTORY DIVIDE of a written notice from Winner State and Faith Winner
setting forth in detail the nature of such VICTORY DIVIDE Breach;
 
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d. By either VICTORY DIVIDE or Winner State and Faith Winner, if the Closing
shall not have consummated before ninety (90) days after the date hereof;
provided, however, that this Agreement may be extended by written notice of
either Winner State and Faith Winner or VICTORY DIVIDE if the Closing shall not
have been consummated as a result of Faith Winner or VICTORY DIVIDE having
failed to receive all required regulatory approvals or consents with respect to
this transaction or as the result of the entering of an order as described in
this Agreement; and further provided, however, that the right to terminate this
Agreement under this Section 8.1(d) shall not be available to any party whose
failure to fulfill any obligations under this Agreement has been the cause of,
or resulted in, the failure of the Closing to occur on or before this date; or

e. By either Winner State and Faith Winner or VICTORY DIVIDE if a court of
competent jurisdiction or governmental, regulatory or administrative agency or
commission shall have issued an order, decree or ruling or taken any other
action (which order, decree or ruling the parties hereto shall use its best
efforts to lift), which permanently restrains, enjoins or otherwise prohibits
the transactions contemplated by this Agreement.

Section 8.2 Procedure Upon Termination. In the event of termination and
abandonment of this Agreement pursuant to Section 8.1, written notice thereof
shall forthwith be given by the terminating parties to the other parties and
this Agreement shall terminate and the transactions contemplated hereby shall be
abandoned, without further action. If this Agreement is terminated as provided
herein, no party to this Agreement shall have any liability or further
obligation to any other party to this Agreement; provided, however, that no
termination of this Agreement pursuant to this Article VIII shall relieve any
party of liability for a breach of any provision of this Agreement occurring
before such termination.

ARTICLE IX

MISCELLANEOUS PROVISIONS

Section 9.1 Survival of Provisions. The respective representations, warranties,
covenants and agreements of each of the parties to this Agreement (except
covenants and agreements which are expressly required to be performed and are
performed in full on or before the Closing Date) shall survive the Closing Date
and the consummation of the transactions contemplated by this Agreement, subject
to Sections 2.14 and 3.9. In the event of a breach of any of such
representations, warranties or covenants, the party to whom such
representations, warranties or covenants have been made shall have all rights
and remedies for such breach available to it under the provisions of this
Agreement or otherwise, whether at law or in equity, regardless of any
disclosure to, or investigation made by or on behalf of such party on or before
the Closing Date.
 
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Section 9.2 Publicity. No party shall cause the publication of any press release
or other announcement with respect to this Agreement or the transactions
contemplated hereby without the consent of the other parties, unless a press
release or announcement is required by law. If any such announcement or other
disclosure is required by law, the disclosing party agrees to give the
non-disclosing parties prior notice and an opportunity to comment on the
proposed disclosure.

Section 9.3 Successors and Assigns. This Agreement shall inure to the benefit
of, and be binding upon, the parties hereto and their respective successors and
assigns; provided, however, that no party shall assign or delegate any of the
obligations created under this Agreement without the prior written consent of
the other parties.

Section 9.4 Fees and Expenses. Except as otherwise expressly provided in this
Agreement, all legal and other fees, costs and expenses incurred in connection
with this Agreement and the transactions contemplated hereby shall be paid by
the party incurring such fees, costs or expenses.

Section 9.5 Notices. All notices and other communications given or made pursuant
hereto shall be in writing and shall be deemed to have been given or made if in
writing and delivered personally or sent by registered or certified mail
(postage prepaid, return receipt requested) to the parties at the following
addresses:

If to Winner State or Faith Winner, to:

PO Box 957, Offshore Incorporations Center,
Road Town, Tortola, British Virgin Islands

with copies to: 

Guzov Ofsink, LLC
600 Madison Avenue, 14th Floor
New York, New York 10022
Attention: Darren Ofsink
Tel. No.: (212) 371-8008, ext. 127
Fax No.: (212) 688-7273

If to VICTORY DIVIDE, to:
 
Victory Divide Mining Company
211 West Wall Street
Midland, Texas 79701
Attention: Glenn A. Little
Tel. No.: (432) 682-1761
Fax No.: (432) 682 2560
with copies to: 
 
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Steven L. Siskind, Esq.
645 Fifth Avenue, Suite 403
New York, New York 10022
Tel. No.: (212) 750-2002
Fax No.: (212) 838-7982

or to such other persons or at such other addresses as shall be furnished by any
party by like notice to the others, and such notice or communication shall be
deemed to have been given or made as of the date so delivered or mailed. No
change in any of such addresses shall be effective insofar as notices under this
Section 9.5 are concerned unless such changed address is located in the United
States of America and notice of such change shall have been given to such other
party hereto as provided in this Section 9.5

Section 9.6 Entire Agreement. This Agreement, together with the exhibits hereto,
represents the entire agreement and understanding of the parties with reference
to the transactions set forth herein and no representations or warranties have
been made in connection with this Agreement other than those expressly set forth
herein or in the exhibits, certificates and other documents delivered in
accordance herewith. This Agreement supersedes all prior negotiations,
discussions, correspondence, communications, understandings and agreements
between the parties relating to the subject matter of this Agreement and all
prior drafts of this Agreement, all of which are merged into this Agreement. No
prior drafts of this Agreement and no words or phrases from any such prior
drafts shall be admissible into evidence in any action or suit involving this
Agreement.

Section 9.7 Severability. This Agreement shall be deemed severable, and the
invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Agreement or of any other term or
provision hereof. Furthermore, in lieu of any such invalid or unenforceable term
or provision, the parties hereto intend that there shall be added as a part of
this Agreement a provision as similar in terms to such invalid or unenforceable
provision as may be possible so as to be valid and enforceable.

Section 9.8 Titles and Headings. The Article and Section headings contained in
this Agreement are solely for convenience of reference and shall not affect the
meaning or interpretation of this Agreement or of any term or provision hereof.

Section 9.9 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original and all of which
together shall be considered one and the same agreement.

Section 9.10 Convenience of Forum; Consent to Jurisdiction. The parties to this
Agreement, acting for themselves and for their respective successors and
assigns, without regard to domicile, citizenship or residence, hereby expressly
and irrevocably elect as the sole judicial forum for the adjudication of any
matters arising under or in connection with this Agreement, and consent and
subject themselves to the jurisdiction of, the courts of the State of New York
located in County of New York, and/or the United States District Court for the
Southern District of New York, in respect of any matter arising under this
Agreement. Service of process, notices and demands of such courts may be made
upon any party to this Agreement by personal service at any place where it may
be found or giving notice to such party as provided in Section 9.5.
 
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Section 9.11 Enforcement of the Agreement. The parties hereto agree that
irreparable damage would occur if any of the provisions of this Agreement were
not performed in accordance with their specific terms or were otherwise
breached. It is accordingly agreed that the parties shall be entitled to an
injunction or injunctions to prevent breaches of this Agreement and to enforce
specifically the terms and provisions hereto, this being in addition to any
other remedy to which they are entitled at law or in equity.

Section 9.12 Governing Law. This Agreement shall be governed by and interpreted
and enforced in accordance with the laws of the State of New York without giving
effect to the choice of law provisions thereof.

Section 9.13 Amendments and Waivers. No amendment of any provision of this
Agreement shall be valid unless the same shall be in writing and signed by all
of the parties hereto. No waiver by any party of any default, misrepresentation,
or breach of warranty or covenant hereunder, whether intentional or not, shall
be deemed to extend to any prior or subsequent default, misrepresentation, or
breach of warranty or covenant hereunder or affect in any way any rights arising
by virtue of any prior or subsequent such occurrence.
 
24

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.

WINNER STATE INVESTMENTS LIMITED

By:
Shulin Liu
   
[Name; Title]
       
 
Chief Executive Officer
       
/s/ Fang Chen
  Fang Chen        
/s/ Yang Miao
  Yang Miao        
/s/ Ying Zhang
  Ying Zhang  

 
FAITH WINNER INVESTMENTS LIMITED

By:
Shulin Liu
   
[Name; Title]
       
 
Chief Executive Officer
 

VICTORY DIVIDE MINING COMPANY

By:
Glenn A. Little
         
[Name; Title]
 
 
Chief Executive Officer
 

25

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EXHIBIT A

Securities Purchase Agreement
 
Please refer to Exhibit 10.2 of the Form 8-K

 
26

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EXHIBIT B

Capitalization Table
 
Yanglin Capitalization Table  
                                                                           
Post Deal Shares in Victory Divide Mining Company  
                                                                               
 Amount Invested
 
Common
Stock
 
Series A Preferred
 
Series B Preferred potentially issuable if
Series J
Exercised
 
Series A Warrants
 
Series B Warrants
 
Winner State International Limited
         
18,200,000
                         
 Beneficial Ownership
                                     
Shulin Liu
         
9,100,000
                         
Huanqin Ding
         
9,100,000
                                                                 
Investors
 
$
21,500,000.00
   
525,000
   
10,000,000
   
7,801,268
   
10,000,000
   
5,000,000
 
Vision Opportunity Master Fund, Ltd.
 
$
8,000,000.00
   
525,000
   
3,720,930
   
3,382,664
   
3,720,930
   
1,860,465
 
Sansar Capital Special Opportunity Master Fund, LP (Cayman Master)
 
$
5,950,000.00
         
2,767,442
   
2,515,856
   
2,767,442
   
1,383,721
 
Vicis Capital Master Fund
 
$
4,500,000.00
         
2,093,023
   
1,902,748
   
2,093,023
   
1,046,512
 
Precept Capital Master Fund, GP
 
$
500,000.00
         
232,558
         
232,558
   
116,279
 
Penn Footwear
 
$
250,000.00
         
116,279
         
116,279
   
58,140
 
Crescent International Ltd.
 
$
300,000.00
         
139,535
         
139,535
   
69,767
 
Benefit Grand Investments Limited
 
$
500,000.00
         
232,558
         
232,558
   
116,279
 
Golden Bridge Asset Management
 
$
1,000,000.00
         
465,116
         
465,116
   
232,558
 
Leland C Ackerley
 
$
250,000.00
         
116,279
         
116,279
   
58,140
 
Newberg Road Partners, LP
 
$
250,000.00
         
116,279
         
116,279
   
58,140
 
Kuhns Brothers Securities, Inc.
         
487,500
                         
Public Shareholders//Glenn Little
         
487,500
                         
Mass Harmony Assets
         
300,000
                                                                 
Totals
 
$
21,500,000
   
20,000,000
   
10,000,000
   
7,801,268
   
10,000,000
   
5,000,000
 

 

Yanglin Capitalization Table  
                                                                               
                   
Post Deal Shares in Victory Divide Mining Company  
                                                                               
               
 Setries J Warrants
 
Series C Warrants
 
Series D Warrants
 
Series E Warrants
 
Series F Warrants
 
% of Outstanding Common
 
% of Outstanding Assuming Preferred is Converted
 
% Fully Diluted
 
Winner State International Limited
                                 
91.00
%
 
60.67
%
 
24.66
%
 Beneficial Ownership
                                                 
Shulin Liu
                                                 
Huanqin Ding
                                                                               
                     
Investors
   
7,801,268
   
7,801,268
   
3,900,634
   
0
   
0
   
2.63
%
 
35.08
%
 
71.58
%
Vision Opportunity Master Fund, Ltd.
   
3,382,664
   
3,382,664
   
1,691,332
               
2.63
%
 
14.15
%
 
29.36
%
Sansar Capital Special Opportunity Master Fund, LP (Cayman Master)
   
2,515,856
   
2,515,856
   
1,257,928
               
0.00
%
 
9.22
%
 
21.31
%
Vicis Capital Master Fund
   
1,902,748
   
1,902,748
   
951,374
               
0.00
%
 
6.98
%
 
16.11
%
Precept Capital Master Fund, GP
                                 
0.00
%
 
0.78
%
 
0.79
%
Penn Footwear
                                 
0.00
%
 
0.39
%
 
0.39
%
Crescent International Ltd.
                                 
0.00
%
 
0.47
%
 
0.47
%
Benefit Grand Investments Limited
                                 
0.00
%
 
0.78
%
 
0.79
%
Golden Bridge Asset Management
                                 
0.00
%
 
1.55
%
 
1.58
%
Leland C Ackerley
                                 
0.00
%
 
0.39
%
 
0.39
%
Newberg Road Partners, LP
                                 
0.00
%
 
0.39
%
 
0.39
%
Kuhns Brothers Securities, Inc.
                     
1,000,000
         
2.44
%
 
1.63
%
 
2.02
%
Public Shareholders//Glenn Little
                                 
2.44
%
 
1.63
%
 
0.66
%
Mass Harmony Assets
                           
500,000
   
1.50
%
 
1.00
%
 
1.08
%
                                                   
Totals
   
7,801,268
   
7,801,268
   
3,900,634
   
1,000,000
   
500,000
   
100.00
%
 
100.00
%
 
100.00
%

 
Legend
     
Series A Convertible Preferred Stock - Convertible into common at the option of
the holder 1:1. Price per share
 
$
2.15
 
Series A Warrants - five year term with an exercise price of
 
$
2.75
 
Series B Warrants - five year term with an exercise price of
 
$
3.50
 
Series J Warrants - 18 month term with an exercise price of
 
$
2.37
 
Series C Warrants - five year term with an exercise price of
 
$
3.03
 
Series D Warrants - five year term with an exercise price of
 
$
3.85
 
Series E Warrants - only for the placement agent - five year term with an
exercise price of
 
$
2.58
 
Series F Warrants - only for Mass Harmony Assets, the financial cousulting firm
- five year term with an exercise price of
 
$
3.01
           
Total Common Outstanding Post-Reverse and Post-Finacing
   
20,000,000
 
Total Series A Preferred Stock to be sold
   
10,000,000
 
Fully Diluted Calculation Assumes the Conversion of all preferred and exercise
of all warrant for outstanding shares of
   
73,804,440
 

27

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Schedule 2.2

Outstanding Options, Warrants, Rights, etc. to Acquire VICTORY DIVIDE Capital
Stock

None.

28

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Schedule 2.3

Subsidiaries and Equity Interests of VICTORY DIVIDE

None.

29

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Schedule 2.10 

VICTORY DIVIDE Dividends, Distributions, Redemptions, etc.

None.

30

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Schedule 3.3(a)

Subsidiaries and Equity Interests of Faith Winner

Faith Winner owns all the equity interest of Faith Winner (Jixian) Agriculture
Development Company Limited (“WFOE”), a company incorporated under the laws of
the People’s Republic of China (“PRC”). WFOE has entered into a series of
contractual agreements with Heilongjiang Yanglin Soybean Group Co., Ltd
(“Yanglin”), a company incorporated under the laws of the PRC, which essentially
gives WFOE control over Yanglin’s business and management as if Yanglin were a
wholly-owned subsidiary of WFOE.

Sun Wu Lian Kai Soybean Processing Co., Ltd, has never been and is not a
subsidiary or affiliated company of Yanglin.
 
31

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Schedule 3.3(b)

Subsidiaries and Equity Interests of Faith Winner

Refer to Schedule 3.3(a).

32

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Schedule 3.7

Yanglin and Mass Harmony Asset Management Limited (“MHA”) dated November 2,
2006, Yanglin is to pay MHA an aggregate of RMB300,000 (approximately
US$39,891), half of which is payable within five business days upon the
execution of the MHA Agreement, and the balance is due within five business days
after the closing of a reverse merger.

MHA is also to receive 1% of the issued and outstanding common stock of VICTORY
DIVIDE post-private placement (including the underlying common stock of the
Series A Preferred Stock) and warrants to purchase Common Stock valued at 5% of
the dollar amount of private placement at an exercise price of 140% of the
Series A Preferred Stock price. i.e. 500,000 warrants.

The services MHA shall render, pursuant to the MHA Agreement includes initial
due diligence on Yanglin, preparing Yanglin’s business plan and assisting in the
corporate restructuring and financial documentation.

On December 12, 2006, Yanglin entered into an engagement agreement with Kuhns
Brothers, Inc. (“Kuhns Agreement”). Pursuant to the Kuhns Agreement, Kuhns
Brothers, Inc. will be providing the following services:

1.
Financial Advisory Services;
2.
Merger and Acquisition Services; and
3.
Strategic Planning Services.

With respect to the Financial Advisory Services, Kuhns Brothers, Inc. will be
paid the following:

a.
a non-refundable signing fee of $50,000,
b.
a non-refundable documentation fee of $35,000 payable upon the delivery of an
executive summary and investor powerpoint presentation;
c.
a shell purchase fee of $120,000 payable upon the successful purchase of a
public shell; and
d.
a financing fee equal to the following percentages of the total financing value
- (i)10 % of any public equity offering and warrants to purchase the amount of
common stock (with attached warrants) equal to 10% if such public equity
offering and (ii) 10% of the value of warrants or subscription rights when
exercised.

With respect to Merger and Acquisition Services, Kuhns Brothers, Inc. will be
paid a fee of not less than 5% the equity of the “clean” shell company. For any
other form of merger and acquisition, a fee equal to the “Lehman Formula” based
on $5 million increments will be paid in the form of either cash or equity value
of the organization being acquired.

With respect to the Strategic Planning Services, Kuhns Brothers, Inc. will be
paid a non-refundable monthly retainer of $10,000 per month, payable in arrears,
prior to closing of the financing and commencing from the closing of the
financing, a monthly retainer of $10,000 a month, payable on the first of each
month for 24 months.

The Kuhns Agreement also contemplates paying Kuhns Brothers, Inc. an amount
equal to 1% of the total offering amount with respect to the reasonable expenses
to be incurred by Kuhns Brothers, Inc. in relation to the financing and an
initial retainer of $10,000 to Shipman & Goodwin, Kuhn Brothers, Inc.’s
placement counsel.

33

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Section 6.7

Employment Contracts, Confidentiality, and Non-competition agreements and
Non-compete Undertaking Letters
 
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