Document:

Unassociated Document

    China
Rural Credit Cooperatives

    

     Loan
Agreement

    

    Ref#:
Nongxindijiezi (2002) 1

    

    Lender:
Ji’An City Qingshi Credit Cooperatives

    

    Borrower:
JI’An City Linyuan Grape Planting Co. Ltd.

    

    Mortgagor:
Ji’An City Linyuan Grape Planting Co., Ltd.

    

    Mutually
agreed by Lender, Borrower and Mortgagor, this loan agreement was drafted in
accordance with State related lending laws.

    

    The
lender agrees to issue a loan to the borrower under the following
terms:

    

    
      	
               
      

            	
              1.

            	
              Type
      of Loan: Short Term Agriculture
Loan

            

    

    

    
      	
               
      

            	
              2.

            	
              Loan
      Purpose: Planting

            

    

    

    
      	
               
      

            	
              3.

            	
              Loan
      Amount: 2,000,000 RMB

            

    

    

    
      	
               
      

            	
              4.

            	
              Loan
      Period:  From February 4, 2002 to February 4, 2003

                                      Repayment
      date is February 4, 2003

            

    

    

    
      	
               
      

            	
              5.

            	
              Interest
      Rate: 6.325% annually

            

    

    

    
      	
               
      

            	
              6.

            	
              Payment
      Terms: Pay interest when the company is generating
  profit

            

    

    

    
      	
               
      

            	
              II.

            	
              Borrower
      agrees to use his disposable property (appraisal value 4,000,000 RMB) as a
      collateral which provides a guarantee to the
  Lender.

            

    

    

    When
Borrower could not pay back the loan, Lender has the right to pledge, sale or
dispose the collaterals and pay off the loan amount from the
proceeds.

    

    The
collateral coverage includes principal, interest and administrative
fee.

    

    The
collateral period is established from the day of the pledge until all the loan
amount has been paid off.

    

    Mortgagor:  Tonghua
Yuanlin Grape Planting Co. Ltd.

    Legal
Representative: Qiu Ping

    Address:
Qingshi Town, Ji’An City

    Agent:
Qiu, Ping

    Address:
Dongchang District, Tonghua City

    Phone
Number: 0431-88630861

    Zip Code:
13400

    Date:
February 4, 2002

    

    Mortgagee:
Ji’An Qingshi Credit Cooperatives

    Legal
Representative: Cui Yulin

    Address:  Qingshi
Town, Ji’An City

    Agent:
Sun Xiaohong

    Address:
Qingshi Town, Ji’An City

    Phone
Number: 13756093256

    Zip Code:
134000

    Date:  February
4, 2002Unassociated Document

    Agreements

    

    Party A:
Meihekou City Hengyide Warehouse Logistics Co., Ltd.

    

    Party B:
Ganzhi Ginseng Products Co Ltd & China Ginseng Holding Inc

    

    As per
negotiation between Party A and B in relation to the premise located in the
address of a PRC company named in Tonghua Diyuan Grape Wine Co., Ltd., it is
agreed as follow:

    

    1) Party
A and B shall go to the PRC auction company Jilin Mingshi Auction Co. Ltd.
together to apply for the change of the purchaser’s name from Party A to Party
B. The application fee is borne by Party B.

    

    2) All
details/content of the location, land area and facilities that to be acquired
originally by Party A are remain unchanged. The consideration of RMB 9,000,000
and the agency commission that to be originally paid by Party A are remain
unchanged and shall be paid by Party B to Party A.

    

    3)
Payment method: This agreement is become effective upon date of signing, Party B
shall pay Party A of RMB 500,000 before 20 March 2010, the remaining balance
shall be repaid in full before end of June 2010.

    

    4) The
consideration of RMB 9,000,000 is calculated with the bank’s lending rate, and
shall be paid by Party B to Party A.

    

    5) Party
A is agreed to waive the rental expenses incurred by Party B for using the
premise for the period from Jan to Feb 2010.

    

    6) If the
remaining balance is not settled within June 2010, Party A has the right to
repossess the premise and confiscate the deposit paid to Party A. And Party B is
liable to compensate Party A for an amount equivalent to 6 month’s rental
expenses for using the premise.

    

    7) Both
parties shall obey the terms set out in this agreement. This agreement comes
into force promptly after the representatives of both parties sign and put on
the seal.

    

    8) This
agreement is made in 2 copies, both parties hold one.

    

    Meihekou
Hengyide Warehouse Logistics Co., Ltd. (with company seal)

    Legal
Representative: (signature)

    

    Jilin
Ganzhi Ginseng Products Co., Ltd (with company seal)

    Legal
Representative: Zhang Yuxiang

    

    China
Ginseng Holdings Inc. (with company seal)

    Legal
Representative: Liu ChangzhenUnassociated Document

     

    
      Exhibit
10.1

      November
4, 2010

       

       

      Dear
Kevan:

      

      This
letter sets forth the amendments to the terms of your employment that were set
forth in your offer letter from the Company, dated April 20, 2010, and signed by
you on April 20, 2010 (the “Offer Letter”).  Capitalized terms not
otherwise defined herein shall have the meanings specified in the Offer
Letter.

      

      The first
sentence of the second paragraph of the Offer Letter shall be deleted and
replaced with the following sentence:

      

      “If you
are terminated for reasons other than cause during a time period other than a
“Change of Control Period,” as that term is defined below, then you will receive
a severance payment equivalent to six (6) weeks of base salary and you will
continue to receive your medical and dental benefits coverage for six (6) weeks
following the date of your termination, subject to your timely payment of your
portion of the premiums, contributions and other payments required under the
terms of such plans as they are in effect from time to time.

      

      The
fourth paragraph of the Offer Letter shall be deleted and replaced with the
following:

      

      “You are
eligible to receive bonus compensation each year under a plan to be determined
by the Company in its sole discretion which shall be established each year on or
before February 14.  For the 2010 performance year ending on December
31, 2010, your bonus payment will be an amount equal to 10% of the amount of the
Company’s Free Cash Flow, for the fourth quarter of 2010, up to a maximum bonus
payment of $30,000, less applicable withholdings and deductions, provided you
remain an employee in good standing with Company as of the date bonus payments
are made by the Company.  For purposes of this letter, “free cash
flow” is defined as the Company’s net income plus depreciation and amortization,
less the Company’s capital expenses, and shall exclude bonuses payable to the
CFO and CEO of Clark Holdings.   Any bonus payments shall be made
as soon as practical following the end of the bonus period, but in no event
later than 45 days following the end of such period”

      

      The
following paragraph should be added to the Offer Letter after the second
paragraph of the Offer Letter:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      “If you
are terminated by the Company for reasons other than “cause” during a “Change of
Control Period,” or if the acquiring, merged, or consolidated entity (a
“Surviving Entity”) following such “change of control” does not secure an
executed employment agreement with you, then you will receive “Change of Control
Severance” equivalent to nine months of your base salary and nine months of
medical and dental benefits coverage consistent with your current coverage. This
Offer Letter, as amended, may not be assigned without your written consent and
for purposes of determining whether Change of Control Severance is due, would
not be considered an executed employment agreement with any Surviving Entity.
Change of Control Severance shall be paid in a lump-sum at closing of the Change
of Control transaction, however any Change of Control Severance due before
closing may be paid over time in accordance with the Company’s payroll practices
and policies.  The Change of Control Severance will be conditional
upon your first executing and not revoking a valid reciprocal waiver and release
of all claims.  “Change of Control Period” shall mean the time period
commencing on the date the Company enters into a binding written purchase
agreement to effectuate a “change of control” (as opposed to a letter of intent)
and ending on the date such “change of control” occurs.  The terms of
this paragraph shall survive any “change of control” event until all amounts due
you under this agreement are paid in full.”

      

      The first
sentence of the sixth paragraph of the Offer Letter shall be deleted and
replaced with the following:

      “Subject
to the approval of the Company’s Compensation Committee, the Company will grant
you one restricted stock unit (“RSU”) for each share of the Company’s common
stock you purchase before December 31, 2010, up to a maximum of 100,000 shares
of the Company’s common stock.”

      

      The
following sentence should be added to the eighth paragraph of the Offer
Letter:

      “You are
eligible for four (4) weeks of paid vacation each year.”

      

      All other
provisions of the Offer Letter Agreement shall continue to apply.

      

      Sincerely,

      CLARK
HOLDINGS INC.

      

      /s/
Gregory E. Burns

      

      [Gregory
E. Burns]

      [President
& CEO]

      

      

      I agree
to the amended terms of employment set forth above

       

       

      
        
          	
                  /s/
      Kevan D. Bloomgren                

                	
                  11/4/2010    

                
	
                  Signature

                	
                  Date

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