Exhibit
10.24


 


Strategic
Acquisition Agreement 


 


OF


 


[VIE
ENTITY]


 


AND


 


SHAANXI
TECHTEAM JINONG HUMIC ACID


 


PRODUCT
CO., LTD.


 




     


     


    

 


INDEX


 





	Chapater i Definition and interpretation	4
	 	 	 
	Article 1	Definition	4
	 	 	 
	Chapater ii Entrust and pledge shares	5
	 	 	 
	Article 2	Share entrust and pledge	5
	Article 3	Acquisition price	5
	Article 4	Pre-requisite conditions for the payment of the transfer price and closing	5
	Article 5	Payment	6
	Article 6	Tax payable	6
	 	 	 
	Chapater iii Representations and warranties of all parties	7
	 	 	 
	Article 7	Representations and warranties of all parties	7
	 	 	 
	Chapater iv Disclosures, representations and warranties of the targets 	7
	 	 	 
	Article 8	Disclosures, representations and warranties of the targets	7
	Article 9	General representations and warranties of targets	8
	Article 10	Ownership	8
	Article 11	Special representations and warranties of the targets	9
	 	 	 
	Chapater v Disclosures, representations and warranties of jinong	12
	 	 	 
	Article 12	Disclosures, representations and warranties of the jinong	12
	 	 	 
	Chapater vi Employees	12
	 	 	 
	Article 13	Employees	12
	 	 	 
	Chapater vii Confidentiality	13
	 	 	 
	Article 14	Confidentiality	13
	 	 	 
	Chapater viii Breach of agreement	14
	 	 	 
	Article 15	Liabilities for violation of representations or warranties	14
	Article 16	Liabilities for breach of agreement	14
	 	 	 
	Chapater ix Force majeure	15
	 	 	 
	Article 17	Force majeure	15
	 	 	 
	Chapater x Resolution disputes	15
	 	 	 
	Article 18	Arbitration	15
	Article 19	Validity of arbitral award	15
	Article 20	Continuation of rights and obligations	15










 






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	Chapater xi Applicable law	16
	 	 	 
	Article 21	Applicable law	16
	 	 	 
	Chapater xii Miscellaneous	16
	 	 	 
	Article 22	Non-waiver	16
	Article 23	Transfer	16
	Article 24	Amendment	16
	Article 25	Severability	17
	Article 26	Language	17
	Article 27	Effectiveness of text and appendixes	17
	Article 28	Notification	17
	Article 29	Entire agreement	17
	 	 	 
	Appendix i Vie agreements and convertible notes agreement	20







 






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Strategic
Merger and acquisition Agreement


 


This
Strategic Acquisition Agreement (hereinafter referred to as the “Agreement”) was made as of 30 June
2016 by and among the following Parties in Xi’an:


 


	(1)	Party A: Shaanxi TechTeam Jinong Humic Acid Product
Co., Ltd. (hereinafter referred to as “Jinong”),a company incorporated under PRC law, with its legal address
registered at 3/F, A Block, Industry Office Tower, A District, No.181 South Taibai Road, Xi’an City, Shaanxi province, PRC
and its legal representative is Guo Ming;




 


	(2)	Party
                                         B: [Shareholder]



 


	(3)	Party
                                         C: [Shareholder]



 


Party
B and Party C are hereinafter collectively referred to as “Targets”, and Targets and Jinong are hereinafter
collectively as “Parties” and individually referred to as a “Party”.


 


WHEREAS,


 


	(1)	Party
                                         B holds 94.9% equity interests of [VIE Entity]  (hereinafter referred to as “[VIE
                                         Entity]”) and Party C holds 5.1% equity interests of [VIE Entity]. Party B and
                                         Party C can exercise all of their full rights as the shareholders of [VIE Entity];



 


	(2)	Both
                                         Party B and Party C agree to entrust and pledge all (100%) equity interests they collectively
                                         hold of [VIE Entity] to the Jinong in accordance with terms and conditions as stipulated
                                         hereunder (hereinafter referred to as “Entrust and Pledge Shares”)
                                         ;



 


	(3)	The
                                         Jinong agrees to accept the transfer of all (100%) equity interests held by



 


Targets
of [VIE Entity] in accordance with the terms and conditions as stipulated hereunder.


 


Now,
THEREFORE, in principle of equality and mutual benefits, through friendly negotiation, Parties hereto agree to reach, in accordance
with Company Law of People’s Republic of China, Provisional Rules for Domestic Investment by Foreign-Invested
Enterprise and other applicable PRC laws and regulations, the following agreement.


 






    	 	3	 



     


    

 


Chapater
IDefinition and Interpretation


 


Article
1Definition


 


Unless
otherwise prescribed and stipulated, the following terms defined in this Agreement shall have the meanings set forth as follows:


 


“[VIE
Entity]” refers to [VIE Entity] , under registration number [Registration Number].


 


“PRC”
means, for purpose of the Agreement, People’s Republic of China, excluding Hong Kong, Taiwan and Macau.


 


“Claim”
means claims, actions, demands, proceedings judgments liabilities, damages amounts, costs and expenses (including legal costs
and disbursements) whatsoever and howsoever arising.


 


“Signing
Date” means the date on which this Agreement is signed.


 


“Encumbrance”
means any mortgage, assignment, lien, charge, pledge, title retention, right to acquire, security interest, option, pre-emptive
right, and any other restriction and conditions whatsoever including:


 


(i)  any
interest or right granted or reserved in or over or affecting the Entrust and Pledge Shares for Transfer; or


 


(ii)  the
interest or right created or otherwise arising in or over the Entrust and Pledge Shares for Transfer under a fiduciary transfer,
charge, lien, pledge, power of attorney or other form of encumbrance; or


 


(iii) any
security over the Entrust and Pledge Shares for Transfer for the payment of a debt or any other monetary obligation or the performance
of any other obligation.


 


“Material
Adverse Change” means (1) Any investigation (would likely cause [VIE Entity] subject to an administrative penalty) or
penalty on [VIE Entity] by governmental authorities; (2) Any law suit, arbitration or any other judicial proceedings involving
[VIE Entity]; (3) Any change would cause or reasonably may cause material adverse effect on the finance, business, assets, liabilities,
results of operation, or prospects of [VIE Entity] .


 


“RMB”
means the lawful currency of China.


 


“Third
Party” means any natural person, legal person, other organization or entity, other than Parties hereto.


 


“Business
Day” means any day on which all banks in Beijing are open for business.


 






    	 	4	 



     


    

 


Chapater
IIEntrust and pledge Shares


 


Article
2Share Entrust and Pledge


 


Pursuant
to the terms stipulated in this Agreement, the Targets hereby agree to transfer to Jinong and Jinong agrees to accept from Targets
the Entrust and Pledge Shares being one hundred percent (100%) of the equity interests of [VIE Entity] with all the rights and
obligations of and attaching to the Entrust and Pledge Shares for transfer including, but not limited to, general rights thereof,
all the rights to receive dividends and to receive or subscribe for shares (if any) declared, paid or issued by [VIE Entity] (if
any), and free of any Claim or Encumbrances.


 


Article
3Acquisition Price


 


	3.1	Targets
                                         and Jinong after consultations have finally determined that the Acquisition Price for
                                         the Entrust and Pledge Shares shall be RMB [●] and [●] convertible note (hereinafter
                                         referred to as “Acquisition Price”);



 


	3.2	Terms
                                         of Payment



 


	3.2.1	The Jinong shall pay RMB [●] and [●] convertible
note to the Targets after the Targets meet all pre-requisite conditions set forth in Appendix I (VIE Agreements) of this Agreement
and [VIE Entity] are free of any material adverse change from Signing Date to Settlement Date (as defined in Article 5.1).




 


Article
4Pre-requisite Conditions for the Payment of the Acquisition Price and Closing


 


	4.1	Under
                                         this Agreement, the pre-requisite conditions for the payment of the Acquisition Price
                                         are: (1) The Targets shall meet all pre-requisite conditions set out in Appendix I attached
                                         to the VIE Agreements and Convertible Notes Agreement , and (2) [VIE Entity] is free
                                         of any material adverse change from the Signing Date to Settlement Date (as defined in
                                         Article 5.1).



 


	4.2	The parties hereby confirm that the fulfillment of obligations
that Targets shall assume pursuant to Appendix I of this Agreement shall be subject to the written confirmation by the Jinong.
The pre-requisite conditions set forth in Appendix I attached to the Agreement shall not be deemed as having been satisfied until
the Targets obtain the written confirmation issued by the Jinong.




 






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	4.3	In the event that any of the conditions set forth in
Article 4.1 have not been satisfied or implemented, and Jinong has not indicated its waiver of the said conditions or any one
of them, in writing, Jinong shall not be obliged to pay the Transfer Price to Targets.




 


	4.4	The Targets and the Jinong hereby agree that the closing
date shall be the date on which [VIE Entity] completes the share transfer registration with the local Administration Bureau for
Industry and Commerce that the Jinong becomes the sole registered shareholder of [VIE Entity] (“Closing Date”).




 


Article
5Payment


 


	5.1	The Jinong shall pay RMB [●] and [●] convertible
note to the bank accounts designated by the Targets in three business days after the date when the Targets meet all the pre-requisite
conditions set forth in Appendix I. The settlement date shall be the date when the Jinong pays the Acquisition Price to the Targets
(“Settlement Date”).




 


	5.2	The Targets shall issue to Jinong the evidential document
of the payment received within five (5) business days.




 


	5.3	Within three(3) business days from the Closing Date,
the Targets shall hand over all materials to the Jinong or the representative designated by the Jinong, or the Targets shall require
relevant institutions or persons to transfer all materials of [VIE Entity] includes, but not limited to the official seal, financial
seal, Agreement seal, account information, all accounting voucher, account book (including but not limited to personal seal and
signature pre-submitted by [VIE Entity] to the bank changed to the personal seal and signature of the person designated by the
Jinong), all official documents, licenses, permissions and client information relating to the business of [VIE Entity], all Agreements
and agreements signed by [VIE Entity], staff information, technical data and other relevant materials, and to take any measures
to ensure the Jinong to control all assets and business operation of [VIE Entity].




 


Article
6Tax Payable


 


Any
taxes or fees arising out of and payable pursuant to the fulfillment of the terms of this Agreement by each of Targets and Jinong
shall be payable by the respective Party which is liable for the taxes or fees under the provisions of relevant laws and regulations
of China.


 






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Chapater
IIIRepresentations and Warranties of All
Parties


 


Article
7Representations and Warranties of All Parties


 


	7.1	Targets and Jinong confirm that from the Signing Date
this Agreement shall be a document having legal binding effect on all Parties.




 


	7.2	At the time of signing this Agreement, Targets and Jinong
state that the documents and information provided to any other Party or their agencies (including without limitation to the lawyers,
appraiser, financial consultants, etc.) prior to the Signing Date shall remain effective and confirm that where there are discrepancies
therein with the terms of this Agreement, this Agreement shall prevail.




 


	7.3	Targets and Jinong hereby agree that the Agreements
or documents pertaining to the share transfer entered into between all Parties prior to this Agreement shall lapse automatically
upon this Agreement coming into effect.




 


	7.4	Targets commitments: to ensure that have a minimum of
10% of annual compound growth rate within the three years after the closing date.




 


	7.5	All Parties to this Agreement agree to strive jointly
in coordinating the work pertaining to the transfer of the Entrust and Pledge Shares, including but not limited to registration
and filing of record, etc., and the expenses arising therefrom shall be borne by [VIE Entity].




  


Chapater
IVDisclosures, Representations and Warranties of the Targets


 


Article
8Disclosures, Representations and Warranties of the Targets


 


The
Targets hereby jointly represent and warrant to the Jinong that:


 


	8.1	All information and facts relating to [VIE Entity] that
are in the possession of the Targets or are known to any of the Targets which will have a substantive and adverse effect on the
Targets’ ability to fulfill any of its obligations in this Agreement or when disclosed to the Jinong shall have a substantive
effect on the willingness of the Jinong to sign and fulfill its obligations under this Agreement, have been disclosed to the Jinong
and the information provided by Targets to Jinong does not contain any representation that is untrue or misleading.




 


	8.2	No lawsuits, arbitrations, or other legal or administrative
proceedings or governmental investigations are on-going against Targets that will materially affect its ability to sign this Agreement
or fulfill its obligations under this Agreement.




 






    	 	7	 



     


    

 


	8.3	Regarding
                                         the documents and information provided by Targets to Jinong and/or Jinong’s agencies
                                         (including but not limited to the lawyers, appraiser, financial consultants, etc.) prior
                                         to the Signing Date, Targets hereby jointly undertake that:



 


		8.3.1	all
                                         copies made from original documents are true and complete and that such original
documents are authentic and complete;
	 	 	 
		8.3.2	all
                                         documents provided to Jinong and/or Jinong’s agencies as originals are authentic
and complete;
	 	 	 
		8.3.3	all
                                         signatures appearing on documents provided to Jinong and/or Jinong’s agencies
as originals or copies of originals (seal) are genuine;
	 	 	 
		8.3.4	Targets
                                         have drawn to the attention of Jinong and/or Jinong’s agencies all
matters that are material for Jinong to proceed with the transaction as contemplated in this Agreement.






 


	8.4	The Targets agree to sign Non-Competition Agreements
with [VIE Entity]; to ensure that the major management personnel and technical personnel of [VIE Entity] would sign Non-Competition
Agreements with [VIE Entity], which shall provide that: without the prior consent in writing by the Jinong, such persons shall
not be allowed to operate the business the same as or similar to the industry that [VIE Entity] and its clients or suppliers engage
in, or other industries that are in competition with [VIE Entity], or hold any equity interests of the entities mentioned hereinabove,
unless the business or equity holding is via [VIE Entity].




 


Article
9General Representations and Warranties of Targets


 


		9.1	Party
                                         B, Party C and Party D are PRC citizens with all civil abilities to enter into this Agreement
                                         and fulfill all of their obligations stipulated herein. Signing this Agreement and fulfilling
                                         all of their obligations stipulated herein by Party B, Party C and Party D shall not
                                         contravene or result in the violation of or constitute a failure to fulfill or an inability
                                         to fulfill any of the stipulations in any laws, regulations, stipulations, any authorization
                                         or approval from any government body or department or the stipulations of any Agreement
                                         or agreement that Party B, Party C or Party D is a party to or is bound by.



 


Article
10Ownership


 


	10.1	The Targets are the legal owners of the Entrust and
Pledge Shares and have full authority and right to transfer the Entrust and Pledge Shares to Jinong.




 






    	 	8	 



     


    

 


	10.2	The Targets hereby jointly undertake and warrant up
to and including the Settlement Date that the Entrust and Pledge Shares are not subject to any
Claims or Encumbrances (including but not limited to any form of option, acquisition right, mortgage, pledge, guarantee, lien
or any other form of Third Party rights).




 


		10.3	No
                                         lawsuits, arbitrations, or other legal or administrative proceedings or governmental investigations
are on-going against any of Targets that will materially affect its ability to sign this Agreement or fulfill its obligations
under this Agreement.






 


Article
11Special Representations and Warranties of the Targets


 


The
Targets hereby specially represent and warrant to the Jinong that:


 


	11.1	[VIE Entity] is the legal entities that have been duly
established in accordance with PRC laws and they are validly and legally in existence and also operating normally pursuant to
PRC laws and regulations. The registered capital of [VIE Entity] has been fully paid and is free of any false capital contribution,
overrated capital contribution and flight of capital contribution.




 


	11.2	The Targets hereby jointly ensure that [VIE Entity]
legally and effectively own the land use right, plants, machinery equipments and other assets currently used by them. The Targets
warrant that they will take any and all measures to ensure [VIE Entity] legally obtain the right to use all land and obtain the
ownership of all buildings with any right encumbrances, which shall not be subject to time and shall remain effective after the
Closing. The Targets shall assume the joint and several liabilities in case of any losses suffered by [VIE Entity] or the Jinong
or any administrative penalties imposed by the governmental authorities due to any causes mentioned hereinabove after the share
transfer under this Agreement and indemnify the Jinong for all losses arisen thereto.




 


	11.3	There has not been and is not any investigation, prosecutions,
disputes, claims or other proceedings (whether current, pending or threatened) in respect of [VIE Entity], nor [VIE Entity] has
been punished or Targets can foresee any punishment to be made by any administrative authorities of the PRC before the share transfer
under this Agreement except for those disclosed to the Jinong prior to Closing Date. The Targets have fully disclosed all information
of [VIE Entity] to the Jinong before the signing of this Agreement. The Targets hereby warrant that all tax, fees, charges, penalties
and expenses payable to or required to pay to any PRC governmental authorities have been fully paid. By the Signing Date of this
Agreement, there has been no default in the payment of such tax, fees, charges, penalties and expenses, or any payable cost and/or
expenses incurred by the correction of the default and/or inexpedient acts of [VIE Entity] required by any governmental authority.
The Targets shall assume the joint and several liabilities in case of any losses, damages or any penalties suffered by [VIE Entity]
or the Jinong due to any investigation, prosecutions, disputes, claims or other proceedings prior to the share transfer under
this Agreement and shall fully indemnify the Jinong all losses arisen thereto.




 






    	 	9	 



     


    

 


	11.4	The Targets warrant that [VIE Entity] has obtained all
approvals, permissions, consents and fillings necessary to the production and the business operation, carried out businesses as
stated in their business licenses, and executed Agreements and documents with legally binding effects. The Targets shall assume
the joint and several liabilities in case of any losses, damages or any penalties suffered by [VIE Entity] or the Jinong due to
any absence of the above-mentioned approvals, permissions, consents and fillings prior to the share transfer under this Agreement
and shall fully indemnify the Jinong all losses arisen thereto.




 


	11.5	The Targets hereby confirm and warrant that the production,
operation and business of [VIE Entity] are in full compliance with the relevant PRC laws and regulations. The Targets shall indemnify
and hold the Jinong and [VIE Entity] harmless against and from any losses or damages caused by any administrative penalties thereto
prior to the signing of the Agreement.




 


	11.6	The Targets shall assume jointly and severally liabilities
to the Jinong and [VIE Entity] and hold the Jinong harmless for any undisclosed debts and the outstanding interest payable hereto.




 


	11.7	The Targets hereby irrevocably confirm and warrant that
the Jinong shall have right to appoint the financial staffs to [VIE Entity] from the date of signing the Agreement and all fiscal
expenditure of [VIE Entity] shall be made upon the mutual consent in writing jointly by the financial staffs appointed by the
Jinong and the financial staffs of the Targets from the Signing Date to the Settlement Date. The financial staffs of the Targets
will withdraw from [VIE Entity] and hand over all financial materials to financial staffs appointed by the Jinong for their sole
control at the Settlement Date.




 


	11.8	The Targets hereby confirm and warrant that they will
ensure the normal operation and management of [VIE Entity] prior to the Settlement Date and the operation, business and conditions
of [VIE Entity] will be free of any material adverse change.




 


	11.9	The Targets hereby irrevocably represent and warrant
that [VIE Entity] has not made any equity investment on any other companies or entities by the Settlement Date. The Targets shall
assume the joint and several liabilities in case of any losses or damages suffered by [VIE Entity] or the Jinong in respect of
the undisclosed equity investment (if any) and shall fully indemnify the Jinong all losses arisen thereto.




 






    	 	10	 



     


    

 


	11.10	The Targets hereby irrevocably represent and warrant
that [VIE Entity] has not provided security (including but not limited to mortgage, pledge and guarantee) to any other companies,
enterprises, entities or any natural person except for those disclosed in the Appendix II attached hereto. The Targets shall assume
the joint and several liabilities in case of any losses or damages suffered by [VIE Entity] or the Jinong due to the undisclosed
security (if any) and shall indemnify the Jinong all losses arisen thereto.




 


	11.11	Prior to the signing of this Agreement, Targets have
entirely disclosed all information regarding the debts assumed by [VIE Entity]. As of the Settlement Date, such information remains
complete, authentic, accurate and true.




 


	11.12	The Targets hereby confirm and guarantee that [VIE Entity]
has paid up all taxes required by PRC laws and regulations prior to the Settlement Date. The Targets shall assume the joint and
several liabilities for any unpaid taxes of [VIE Entity] (if any) and hold harmless the Jinong against and from any loss and damages
arisen thereto.




 


	11.13	The Targets hereby confirm and guarantee that all production
lines of [VIE Entity] (no matter whether the project is completed or under construction) have obtained the necessary approvals
from and registrations with relevant PRC governmental authorities, including, but not limited to, environmental impact assessment
approval and the completion acceptance approval issued by local environmental protection authority, and the registration notice
of production line construction issued by local development and reform bureau. Party B, Party C and Party D shall be jointly and
severally liable to fully indemnify the Jinong in case of any administrative penalty suffered by [VIE Entity] arising from hereto
after the Share Transfer of this Agreement.




 


	11.14	The Targets irrevocably hereby confirm and guarantee
that the craftwork and technology [VIE Entity] adopt currently and the intellectual property owned by them before the Settlement
Date including, but not limited to trademarks and know-how are in full compliance with relevant PRC laws, regulations, standards
or criterion, and free of any infringement of the patent and know-how of Third Party. The Targets shall be jointly and severally
liable to fully indemnify the Jinong in case of any penalty, damages or losses suffered by [VIE Entity] arisen from such infringement
(if any).




 


	11.15	The Targets hereby irrevocably guarantee that [VIE Entity]
will register with the W Administrative Bureau after the closing date.




 






    	 	11	 



     


    

 


	11.16	The Jinong is entitled to require the Targets to undertake
the joint and several liabilities and indemnify and hold harmless the Jinong against and from any direct and indirect losses or
damages in case of any infringement of any representations and warranties stated hereinabove by the Targets, [VIE Entity], or
in case that the Targets fails to meet any or all pre-requisite conditions set forth.




 


Chapater
VDisclosures, Representations and Warranties of Jinong


 


Article
12Disclosures, Representations and Warranties of the Jinong


 


The
Jinong hereby represents and warrants to the Targets that:


 


	12.1	The Jinong is a legal entity that has been duly established
and it is validly and legally in existence and also operating normally in accordance with the PRC laws.




 


	12.2	The execution and performance of this Agreement by the
Jinong will not contravene or result in the violation of or constitute a failure to fulfill or an inability to fulfill any of
the stipulations of Jinong’s articles of association or its internal rules, any laws, regulations, stipulations, or any
authorizations or approvals from any government body or department or any Agreement or agreement that the Jinong is a party to
or is bound by.




 


	12.3	No lawsuits, arbitrations, or other legal or administrative
proceedings or governmental investigations are on-going against the Jinong that will materially affect its ability to sign this
Agreement or fulfill its obligations under this Agreement.




 


Chapater
VIEmployees


 


Article
13Employees


 


All
existing staff and workers of [VIE Entity] upon the completion of the share transfer under this Agreement shall be employed by
the Jinong. The terms and conditions of their employment including their remuneration for their employment shall be implemented
in accordance with the stipulations of the labor laws and regulations. Thereafter, Board of Directors of [VIE Entity] will determine
the staff numbers and working rules, etc., in consideration of business needs.


 






    	 	12	 



     


    

 


Chapater
VIIConfidentiality


 


Article
14Confidentiality


 


		14.1	All
                                         Parties agree unless otherwise provided for in another relevant confidentiality agreement
that with regard to the confidential and exclusive information that have been disclosed to or may be disclosed to the other Parties
by any Party to this Agreement pertaining to their respective businesses, or financial situations and other confidential matters,
all Parties to this Agreement which have received the aforesaid confidential information (including written information and non-written
information, hereinafter referred to as “Confidential Information”) shall:






 


	 	14.1.1	Keep the aforesaid Confidential Information confidential;




 


		14.1.2	Save
                                         for the disclosure of the Confidential Information by a Party to this Agreement to its
                                         employees solely for the performance of their duties and responsibilities, neither Party
                                         to this Agreement shall disclose the Confidential Information to any Third Party or any
                                         entity.



 


	14.2	The provisions of the aforesaid Article 14.1 shall not
apply to the following Confidential Information:




 


		14.2.1	which
                                         was available to the receiving Party from the written record before the disclosing Party
                                         disclosed the information to the receiving Party and the written record can prove that
                                         the confidential information was already known to the receiving Party;



 


		14.2.2	which
                                         has become public information by means not attributable to any breach by the receiving
                                         Party;



 


		14.2.3	which
                                         was obtained, by the receiving Party from a Third Party not subject to any confidentiality
                                         obligation affecting the said Confidential Information.



 


	14.3	As far as any natural person or legal entity which is
a Party to this Agreement is concerned, notwithstanding that it has ceased to be a Party to this Agreement because of the transfer
of its rights and obligations pursuant to the terms of this Agreement, the stipulations set forth in this Chapter VII shall remain
binding on it.




 






    	 	13	 



     


    

 


Chapater
VIIIBreach of Agreement


 


Article
15Liabilities for Violation of Representations or Warranties


 


	15.1	If any representation or warranty made by any Party
to this Agreement is found to be a material error, or if any fact that has or is likely to have a major or substantial effect
on the signing of this Agreement by any Party has been omitted, or if any representation or warranty is found to be misleading
or untrue in any material respect, the non-breaching Party shall be entitled to look to the Party (ies) in breach for full compensation
for any loss, damage, cost or expense (including any attorneys’ fee and litigation and arbitration fee) arising from the
erroneous, misleading or untrue representation or warranty of the Party (ies) in breach or arising from any other breach of any
representation and warranty given by the Party (ies) in breach.




 


	15.2	Each representation and warranty set forth in this Agreement
is to be construed independently.




 


	15.3	For the avoidance of doubt, the Targets hereby unconditionally
and irrevocably agree and confirm that they shall be jointly liable for any liability for any breach of representation or warranty.




 


Article
16Liabilities for Breach of Agreement


 


	16.1	In the event of a breach committed by any Party to this
Agreement, the said defaulting Party shall be liable to the other Party (ies) for any liabilities arising out of that defaulting
Party’s breach of Agreement in accordance with the provisions of this Agreement and the laws and regulations of PRC. In
case of breach of Agreement by all Parties hereto, a Party shall respectively assume liabilities for any loss or damage, or any
other liabilities, arising out of its breach of Agreement, against other Parties.




 


	16.2	In event that the Targets fail to meet any conditions
set forth in Appendix I or violates any representation, warranty or obligations under this Agreement, without account of the intention
or gross negligence of the Jinong, Targets shall pay RMB 100,000 to the Jinong, in addition to the compensation for any direct
or indirect loss arising therefrom.




 






    	 	14	 



     


    

 


Chapater
IXForce Majeure


 


Article
17Force Majeure


 


	17.1	The Force Majeure shall include earthquake, typhoon,
flood, fire, war, political unrest and such special incidents or events that are deemed to be Force Majeure occurrences under
the provisions of the relevant laws and regulations of PRC.




 


	17.2	In
                                         the event of the occurrence of a Force Majeure event, the obligations of the Party
                                         to this
Agreement affected by this Force Majeure event shall cease during the period of the Force Majeure event and any
term or period set forth in this Agreement and to which the affected party is subject shall automatically be extended by a period
equal to the term or period of the Force Majeure event, the period of extension shall be the same as the period of cessation
of the obligations by reason of the Force Majeure event, and the said Party shall not be liable for any liabilities arising
out of a breach of Agreement as provided for in this Agreement for the duration of the Force Majeure.






 


	17.3	The
                                         Party claiming the occurrence of a Force Majeure event shall promptly inform the other
Party (ies) in writing, and within seven (7) days thereafter, it shall provide sufficient evidence (issued by the notary organization)
of the occurrence and the continuity of the Force Majeure event. It shall also do its best to eliminate the adverse effect
of the Force Majeure event.






 


Chapater
XResolution of Disputes


 


Article
18Arbitration


 


Any
dispute arising out of this Agreement between the Parties to this Agreement shall firstly be resolved through friendly consultation.
In the event that sixty (60) days after the commencement of the friendly consultations, the dispute cannot be resolved through
such means, either Party may submit the dispute to the China International Economic and Trade Arbitration Commission in Beijing
for arbitration in accordance with its prevailing valid arbitration rules.


 


Article
19Validity of Arbitral Award


 


The
arbitration award shall be final and shall be binding on all Parties to this Agreement. All Parties to this Agreement agree to
be bound by the said award, and to act according to the terms of the said award.


 


Article
20Continuation of Rights and Obligations


 


After
a dispute has arisen and during its arbitration process, other than the disputed matter, all Parties to this Agreement shall continue
to exercise their other respective rights stipulated in this Agreement, and shall also continue to fulfill their other respective
obligations stipulated in this Agreement.


 






    	 	15	 



     


    

 


Chapater
XIApplicable Law


 


Article
21Applicable Law


 


The
laws and regulations of the PRC shall govern and be binding on the establishment, validity, interpretation and execution of this
Agreement. All disputes arising out of this Agreement shall be determined according to the laws of the PRC. In the event the laws
of the PRC do not make provision for a certain issue relating to this Agreement, reference shall be made to general international
business practice.


 


Chapater
XIIMiscellaneous


 


Article
22Non-Waiver


 


The
non-exercise or delay in the exercise of an entitlement stipulated in this Agreement by any Party to this Agreement shall not
be regarded as a waiver of the said entitlement. Any single exercise or partial exercise of an entitlement shall not rule out
any future re-exercise of the said entitlement.


 


Article
23Transfer


 


Unless
otherwise described and prescribed in this Agreement, neither Party to this Agreement shall transfer nor assign all or any part
of this Agreement or transfer or assign that Party’s entitlement or obligations as stipulated in this Agreement.


 


Article
24Amendment


 


	24.1	This
                                         Agreement has been executed for the benefit of all Parties to this Agreement and their
                                         respective lawful successor(s) and assignees, and shall have legal binding effect on
                                         them.



 


	24.2	This
                                         Agreement may not be amended verbally. Only a written document signed by all Parties
indicating their consent to such amendment shall be effective.






 






    	 	16	 



     


    

 


Article
25Severability


 


The
invalidity of any term in this Agreement shall not affect the validity of the other terms in this Agreement.


 


Article
26Language


 


This
Agreement is written in both the Chinese Language and the English Language. In case of any inconsistency, the Chinese language
shall prevail.


 


Article
27Effectiveness of Text and Appendixes


 


	27.1	The Agreement shall be effective from the execution
of Parties hereof. The Agreement shall be written in six (6) original sets in Chinese, with Parties hereto and relevant administration
for industry and commerce holding one (1) set respectively, and the remaining shall be kept by [VIE Entity] and the Jinong.




 


	27.2	The Appendix to this Agreement shall form an integral
part of this Agreement, and shall have the same effect as this Agreement.




 


Article
28Notification


 


	28.1	Unless otherwise specified and prescribed, any Party
issuing any notification or written communication to the other Party (ies) according to the provisions of this Agreement shall
have them written in the Chinese Language and shall send them as a letter by a courier service company, or by facsimile. Letters
sent by a courier service company, will require a confirmation to be given seven (7) business days after handing over the notification
or communication to the courier service company. Any notification or written communication sent in accordance with the stipulations
of this Agreement shall be deemed to be effective on the date of receipt. If they are sent by facsimile, the date of receipt shall
be deemed to be three (3) business days after transmission, subject to a facsimile confirmation report evidencing this.




 


	28.2	All notices or communications shall be sent to the following
addresses, unless and until any such address is changed by a written notice to the other Party:




 


Address
of Party A:3/F, A Block, Industry Office Tower, A District, No.181 Taibainan Road,


Xi’an City, Shaanxi province,
PRC


Tel:
029-88266368


Fax
Number: 029-88231590


To:
Guo Ming


 


Article
29Entire Agreement


 


This
Agreement constitutes the entire agreement of all Parties to this Agreement pertaining to the transaction agreed upon in this
Agreement, and shall replace all the previous discussions, negotiations and agreements among all Parties to this Agreement in
respect of the transaction of this Agreement.


 


(The
remainder of this page is intentionally left blank)


 






 




    	 	17	 



     


    

 


IN
WITNESS WHEREOF, the duly authorized representative of Party A, and Party B and Party C have signed this Agreement on the date
first above written.


 


Party
A: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. 


 


(Seal)


 





	Authorized
Representative(Signature): 	 	 


 


Party
B: [Shareholder]


 





	Signature:	 	 


 


Party
C: [Shareholder]


 





	Signature:	 	 


   




    	 	18	 



     


    

 


Appendix
I VIE Agreements and Convertible Notes Agreements