Document:

Exhibit 10.10

 

租赁协议
Lease Agreement

 

甲方:常州市浒庄稻麦秸秆专业合作社

乙方:杭州野之缘农业开发有限公司

Party
A: Changzhou Hu Zhuang Professional Cooperation Co., Ltd

Party
B: Hangzhou Yezhiyuan Agricultural Development Co., Ltd.

 

今有乙方租用甲方仓库七间,共计贰佰贰拾肆平方米,租金每间每月叁佰元整,七间共计年租金为贰万伍仟贰佰元整,租用时间壹年整,2015年3月15日—2016年3月14日止,交纳款清。

 

Party
B rents seven warehouses, a total of 224 square meters. Rent is 30,000 yuan per warehouse per month and the total annual rent
for the seven warehouses is 25,200 RMB. Rental term is one year starting from March 15, 2015 and lasting until March 14, 2016.
The total amount of rent has been paid.

 

	 	 	甲方:陈秋伟

Party
A: Chen Qiuwei

乙方:谢敏剑(代)

Party
B: Xie MinjianExhibit 10.11

 

鑫水植物桖合作协议

 

Exclusive Distribution Agreement

 

甲方:潍坊寿蔬生物科技有限公司

乙方:杭州野之源农业开发有限公司

Party A: Weifang Shou Vegetable Biotechnology
Co. Ltd.

Party B: Hangzhou Yezhiyuan Agricultural Development
Limited Company

 

为了加快世界珍稀植物樱桃李产业化发展,使樱桃李深加工产品尽快进入市场,
同时维护甲、乙双方的共同利益及长久的友好合作关系稳步发展,经甲乙双方协商同意,甲方授权乙方全权负责樱桃李深加工产品—鑫水植物桖的销售,双方依据《中华人民共和国合同法》及其相关法律法规,在平等互利的基础上遵循诚实守信的原则,协商达成如下协议:

In order to facilitate
cherry plum industrialization and let deep processed products of cherry plum enter the market, while maintaining the common interests
of the two parties of this agreement and facilitate the development of the parties’ long term cooperation, Party A authorizes
Party B to be the exclusive agent of Xinshui Zhiwuxu, a deep processed product of Cherry Plum. Both parties reach the agreement
according to the contract law of the People's Republic of China and related laws and regulations, on the basis of equality and
mutual benefit and based on the principal of honesty and trustworthiness.

 

有关代理事项

Related agency matters

 

1、甲方授权乙方在本合同书有效期内(自2014年9月1日至2019年8月31日止)的5年内享有鑫水植物桖在中国区域内的独家经销权。

Party A authorized
Party B a five-year regional exclusive distribution rights of Xin shui Zhiwuxu in the contract period (from September 2014 to
August 31, 2019).

乙方同意在本合同签订时,首批订购规格为20ml包装的鑫水植物桖40万瓶。到2015年8月底前(第一个协议年度)平均每月销量不低于6万瓶,第二个协议年度每月销量不低于7.5万瓶,自第三个协议年度开始,乙方应保持逐年不低于10%销售增长比率。自第二个协议年度如果如果每月平均销量低于5万瓶,甲方有权取消乙方的独家经销权并有权处理库存的鑫水植物桖产品。

Party B agreed
to order 400,000 bottles of 20ml Xinshui Zhiwuxu before the end of August 2015 (the first year of the agreement) and reach a monthly
average sales of no less than 60,000. In the second year of the agreement, average monthly sales should be no less than 75,000
bottles. Since the third year of the agreement, Party B shall keep at least a 10% annual increase in the consecutive years. Party
A has the right to cancel Party B's exclusive distribution rights and has the right to dispose of the inventory of Xin shui Zhiwuxu
if Party B cannot meet the monthly sale of 50,000 bottles per month since the second year.

 

2、供货价格:规格20ml每瓶供货价为4.5元。以上价格为不含税价格。

Price: 4.5 yuan
per bottle for 20ml Xinshui Zhiwuxu, excluding tax.

乙方需向甲方交纳200万元作为市场保证金。甲乙双方合作满两年,乙方无任何违规行为并完成协议量,此市场保证金可抵做货款,如乙方未为完成协议量且未对甲方形象造成影响,双方解除协议,甲方将如数退回市场保证金。

Party B agrees
to deposit 2 million yuan as the guarantee. After two years of cooperation between the parties, the deposit can be used as prepaid
expenses if Party B is in compliance with this contract. Party A shall refund the deposit if both parties agreed to terminate
the contract.

 

    

     

    

 

3、乙方根据市场需求提前25天向甲方下达订单并交纳货款的50%作为预付款。甲方收到预付款后按计划组织生产,25个工作日内生产完毕通知乙方将全额余款汇至甲方账户后甲方安排发货

Party B needs to
place an order with Party A and prepay 50% of the purchase price 25 days before the delivery. Party A shall arrange for production
after receiving the order and the prepayment and finish production within 25 business days. After the delivery, Party B need to
pay the other 50% of the purchase price within one week.

 

双方权利义务

The Rights and
Obligations of Both Parties

 

1、乙方可自主确立销售网络,价格体系,奖励体系等。直接为用户提供技术指导。

Party B can establish
sales network, retail price, incentive plan etc. and provide technical support to customers independently.

 

2、甲方为乙方提供市场宣传所需素材及有关的技术指导。

Party A will provide
materials and relevant technical guidance that are necessary for marketing.

 

3、乙方应积极维护甲方知识产权,产品声誉,对侵犯甲方合法权益的行为进行积极举报或打击。

Party B should
actively safeguard Party A's intellectual property rights, product reputation and take actions to report and fight again any activities
that are infringing Party A’s legitimate interests.

甲方为乙方提供指导性讲课内容与方案,但不干涉乙方自主制定的营销策略.

Party A shall provide
coaching guidance and coaching materials without interfering with market strategies set up by Party B.

信息透露限制:甲乙双方同意就得到的对方的信息承担保密义务,直至信息所有方宣布解密或者秘密信息实际上已公开,信息包括:产品资源,配方,技术秘密、产品计划、销售计划、促销计划、产品价格、客户清单、财务信息等。未经信息所有者书面授权许可。任何一方不得向任何第三方泄密。由此造成的损失,全部由泄密方承担。

information disclosure
restrictions: both parties agreed to keep confidential, until the information of all parties open to the public, the information
include: product resources, formula, technology secret, products plan, sales plan, promotion plan, product price, customer lists,
financial information etc. without the written permission of the owner. Any party shall not disclose to any third party.

甲方提供的产品应符合企业质量标准要求,保证产品质量合格。乙方严禁销售过期产品。因甲方产品质量问题而造成的市场退货由甲方承担,因储存不当等原因造成的市场退货由乙方自行承担。

The products supplied
by Party A shall comply with the quality standard and guarantee the quality of the products. Party B shall not sell expired products.
Party A will be responsible for product returns due to the quality deficiency and Party B should be responsible for product returns
due to storage issues.

 

    	 	2	 

     

    

 

4、甲方负责发货至乙方制定区域,费用由乙方承担。

Party A shall be
responsible for shipment to Party B’s designed address and the cost borne by the Party B.

 

5、在市场原材料价格变化而导致产品调价时,甲方承诺在第一时间通知乙方。

Party A promises
to notify Party B immediately when the raw material price fluctuates causes adjustments of product price.

 

6、合同期满,甲乙双方互享有下一个合同期续签优先权,并在对方发出通知规定时限内完成签约。

After the expiration
of the contract, both parties mutual enjoy a right of first refusal to renew the contract and shall complete renewal within the
period set forth the other Party’s notice.

 

付款与交货

Payment and Delivery

 

1、乙方将货款存入甲方指定账号

交通银行:6222601050000314056
李传梅

Party A designated
account:

Bank of communications:
Li Chuanmei; 622260105000031405

 

2、本合同之交易币种为人民币。

The contract currency
is RMB.

 

3、乙方汇出货款前须和甲方电话联系,汇出款额要立即告知甲方登记,并保存好银行汇出单据,以免给双方造成不必要的损失。

Before making the
payment, Party B shall notify Party A by phone and also immediately notify Party B upon wiring the payment. Party B shall also
keep wire documents issued by the bank to avoid unnecessary damages to both parties.

 

违约责任与处理

Liability for
Breach of Contract and Remedies

 

1、乙方违约,甲方将视情况酌情处理,严重损害甲方利益及形象、知识产权等行为,必要时甲方将追究相应经济损失。

Upon Party B’s
breach of contract, Party A shall act based on the circumstance. For activities damaging Party A’s interests, image, and
intellectual property, Party A reserves the right to sue Party B to seek economic losses.

 

甲方违约,乙方可采取相应的法律手段追究责任或在合同无法履行时协商解除合同。

Upon Party A’s
breach, Party B may also take appropriate legal means to hold Party A liable or terminate the contract when the Parties cannot
perform the contract.

 

    	 	3	 

     

    

 

本合同自甲乙双方签字盖章之日起,仅视为达成合作意向,自甲方收到独家代理市场保证金和首批订单预付货款起(以银行票据为准)本合同正式生效。

From the date of
execution by the Parties, the contract shall constitute the parties’ letter of intent only. The contract shall become officially
effective only when Party A receives exclusive agent deposit and the payment for the initial invoice (based on bank documents.)

 

其他

Miscellaneous

 

1、双方本着竭诚合作的态度履行本合同的约定,未尽事宜双方友好协商解决。

The two parties
shall perform under this agreement with an attitude of sincere cooperation and unsolved issues should be resolved through friendly
negotiation.

 

2、合同的修改或补充,均须经双方同意后以书面协议形式修改或补充。

The contract shall
be modified or supplemented in writing upon both parties’ consents.

 

3、本合同签订之日起,双方于2013年元月8号所签订的《战略合作协议》同时宣布作废

The Strategic Cooperation
Agreement entered into by both parties on January 8, 2013 is simultaneously announced to be invalid from the execution date of
this contract.

 

本合同一式两份:甲乙双方各持一份

This contract has
two copies and each party holds one copy.

 

	甲方:潍坊寿蔬生物科技有限公司	 	乙方:杭州野之缘农业开发有限公司
	法人代表	 	法人代表
	合同签订日期	 	合同签订日期
	 	 	 
	Party A: Weifang Shou Vegetable Biotechnology Co. Ltd.	 	Party B: Hangzhou Yezhiyuan Agricultural Development Co. Ltd.
	Legal Representative:	 	Legal Representative
	Date of Execution:	 	Date of Execution:

 

 

 

4Unassociated Document

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

 

THIS EMPLOYMENT AGREEMENT, entered into April 18, 2016, by and between Virtual Piggy, Inc., a Delaware corporation (the “Company”) and John Coyne (the “Employee”).

 

WITNESSETH:

 

WHEREAS, the Company wishes to employ the Employee as President, Chief Executive Officer and Chairman of the Board of the Company and the Employee is willing to serve the Company in such capacity.

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, the parties hereto agree as follows:

 

	
Section 1.

	
Employment

 

The Company will employ the Employee, and the Employee will perform services for the Company and its subsidiaries, on the terms and conditions set forth in this Agreement.

 

	
Section 2.

	
Duties

 

The Employee will serve the Company as its President, Chief Executive Officer and Chairman of the Board.  The Employee will have such duties and responsibilities as are assigned to him by the Board of Directors of the Company commensurate with the Employee’s position, including responsibility for all strategic and operational matters relating to the Company and its subsidiaries, subject to the direction of the Board of Directors.  The Employee will perform his duties hereunder faithfully and to the best of his abilities and in furtherance of the business of the Company and its subsidiaries, and will devote his full business time, energy, attention and skill to the business of the Company and its subsidiaries and to the promotion of its interests, except as otherwise agreed by the Company.

 

	
Section 3.

	
Term

 

This Agreement shall have an initial term of two years, beginning as of the Employee’s first day of work, April 18, 2016 (the “Effective Date”).  It shall renew for successive one-year periods unless either party gives notice of an intent to not renew this Agreement at least 60 days prior to the renewal date.  Notwithstanding the foregoing Section 3, this Agreement and the Employee’s employment hereunder shall be “at will” and is terminable at any time by either party, without further economic obligation beyond the termination date except as required by law.

 

  

  

  

 

	
Section 4.

	
Salary

 

The Employee will receive as compensation for his duties and obligations to the Company pursuant to this Agreement during its effectiveness a base salary at the annual rate of (i) Two Hundred Forty Thousand Dollars ($240,000) during the first year after the Effective Date, (ii) Two Hundred Sixty Four Thousand ($264,000) during the second year after the Effective Date, and (iii) Two Hundred and Ninety Thousand Dollars ($290,000) during the third year after the Effective Date and thereafter, payable in substantially equal installments in accordance with the Company’s standard payroll practices.  It is agreed between the parties that the Company will review the base annual salary annually and, in light of such review, may (but will not be obligated to), in the discretion of the Board of Directors of the Company or any Compensation Committee thereof, increase such applicable annual base salary taking into account any change in the Employee’s responsibilities, increases in the cost of living, performance by the Employee, and other pertinent factors.  In order to secure the payment thereof, the Company shall, within 60 days, place into escrow an amount sufficient to fund the Employee’s base salary payments during the first year after the Effective Date.

 

	
Section 5.

	
Bonus

 

The Employee will be eligible for an annual bonus in the form of cash or Company common stock as determined at the sole discretion of the Board of Directors of the Company or any Compensation Committee thereof.

 

Annual bonuses payable hereunder shall be calculated after the close of the end of the calendar year, and thereafter paid in a single lump sum by no later than the 15th day of the third month following the end of the calendar year in which the right to the bonus is no longer subject to a substantial risk of forfeiture (as defined for purposes of Internal Revenue Code Section 409A, including Treasury Regulations Section 1.409A-1(d)).

 

	
Section 6.

	
Equity Compensation

 

(a)           Options.  As of the Effective Date or promptly thereafter following approval of the Board of Directors of the Company, the Employee will be granted non-statutory stock options to acquire 3,000,000 shares of the common stock of the Company at an exercise price of $0.90 per share (or if greater, the fair market value of such stock on the grant date).  The options will vest in three equal annual installments over a three (3) year period that begins on the Effective Date (i.e. on the first, second and third anniversaries of the Effective Date) provided the Employee is then still employed by the Company.  The grant of options will be memorialized in, and the options subject to, a separate option agreement to be entered into between the Employee and Company in accordance with the existing equity incentive plans of the Company. Additionally Mr. Coyne will receive a half of a point in options at $.90 for every $100 Million over the sale price of $300 Million for the company.

 

(b)           Restricted Stock.  As of the Effective Date or promptly thereafter following approval of the Board of Directors of the Company, the Employee will be granted 500,000 shares of the common stock of the Company, subject to certain restrictions.  The restricted shares will vest in the following manner:  (i) 250,000 shares shall vest immediately upon grant and (ii) 250,000 shares shall vest on the first anniversary of the Effective Date provided the Employee is then still employed by the Company.  The grant of the restricted shares will be memorialized in, and the restricted shares subject to, a separate restricted stock award agreement to be entered into between the Employee and Company in accordance with the existing equity incentive plans of the Company. All shares accelerate with a sale of the company.

 

  

2

  

 

	
Section 7.

	
Employee Benefits

 

Subject to any applicable probationary or similar periods, during the period of his employment with the Company, the Employee will be entitled to participate in all employee benefit programs of the Company applicable to senior officers of the Company, as such programs may be in effect from time to time.  Subject to any applicable probationary or similar periods, during his period of employment with the Company, the Employee will also be entitled to participate in all retirement programs of the Company for which current employees are eligible, as such programs may be in effect from time to time (including the Company’s 401(k) plan).

 

	
Section 8.

	
Business Expenses

 

All reasonable travel and other out-of-pocket expenses incidental to the rendering of services by the Employee hereunder will be paid by the Company, and, if expenses are paid in the first instance by the Employee, the Company will reimburse his therefor upon presentation of proper invoices, subject in each case to compliance with the Company’s reimbursement policies and procedures.  All reimbursements will be paid in the same taxable year in which the expense is incurred, provided that expenses incurred toward the end of the calendar year that cannot administratively be reimbursed before the year end shall be reimbursed by no later than March 15th of the calendar year following the calendar year in which the expense was incurred.

 

	
Section 9.

	
Vacations and Sick Leave

 

The Employee will be entitled to holidays, reasonable vacation and reasonable sick leave each year, in accordance with policies of the Company, as determined by the Board of Directors, provided, however, that the Employee will be entitled to a minimum of four (4) weeks’ vacation per year.

 

	
Section 10.

	
Confidential Information

 

The Employee agrees to keep secret and retain in the strictest confidence all confidential matters which relate to the Company or any affiliate of the Company, including, without limitation, customer lists, client lists, trade secrets, pricing policies and other business affairs of the Company and any affiliate of the Company learned by his from the Company or any such affiliate or otherwise before or after the date of this Agreement, and not to disclose any such confidential matter to anyone outside the Company, or any of its affiliates, whether during or after her period of service with the Company, except as may be required in the course of a legal or governmental proceeding.  Upon request by the Company, the Employee agrees to deliver promptly to the Company upon termination of his services for the Company, or at any time thereafter as the Company may request, all Company or affiliate memoranda, notes, records, reports, manuals, drawings, designs, computer files in any media and other documents (and all copies thereof) relating to the Company’s or any affiliate’s business and all property of the Company or any affiliate associated therewith, which she may then possess or have under his control.

 

  

3

  

 

	
Section 11.

	
Successors and Assigns

 

This Agreement will be binding upon and inure to the benefit of the Employee, his heirs, executors, administrators and beneficiaries, and the Company and its successors and assigns.

 

	
Section 12.

	
Governing Law

 

This Agreement will be governed by and construed and enforced in accordance with the laws of the State of Pennsylvania, without reference to rules relating to conflicts of law.

 

	
Section 13.

	
Entire Agreement

 

This Agreement constitutes the full and complete understanding and agreement of the parties and supersedes all prior understandings and agreements as to employment of the Employee.  This Agreement cannot be amended, changed, modified or terminated without the written consent of the parties hereto.

 

	
Section 14.

	
Waiver of Breach

 

The waiver of either party of a breach of any term of this Agreement will not operate nor be construed as a waiver of any subsequent breach thereof.

 

	
Section 15.

	
Notices

 

Any notice, report, request or other communication given under this Agreement will be written and will be effective upon delivery when delivered personally, by overnight courier or by fax.  Unless otherwise notified by any of the parties, notices will be sent to the parties as follows: (i) if to the Employee, at the address set forth in the Company’s records; and (ii) if to the Company, to Virtual Piggy, Inc., 1618 South Broad Street, Philadelphia PA 19145, Attention: Board of Directors.

 

	
Section 16.

	
Severability

 

If any one or more of the provisions contained in this Agreement will be invalid, illegal or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions contained herein will not in any way be affected or impaired thereby.

 

	
Section 17.

	
Counterparts

 

This Agreement may be executed in counterparts, each of which will be deemed to be an original but all of which together will constitute one and the same instrument.  Delivery of signatures by facsimile or electronic image shall be valid for all purposes hereunder.

 

	
Section 18.

	
Internal Revenue Code Section 409A Compliance.

 

(a)         The parties hereto recognize that certain provisions of this Agreement may be affected by Section 409A of the Internal Revenue Code and guidance issued thereunder, and agree to amend this Agreement, or take such other action as may be necessary or advisable, to comply with Section 409A.

 

  

4

  

 

(b)         Notwithstanding anything herein to the contrary, it is expressly understood that at any time the Company (or any successor or related employer treated as the service recipient for purposes of Internal Revenue Code Section 409A) is publicly traded on an established securities market (as defined for purposes of Internal Revenue Code Section 409A), if a payment or provision of an amount or benefit constituting a deferral of compensation is to be made pursuant to the terms of this Agreement to the Employee on account of a Separation from Service at a time when the Employee is a Specified Employee (as defined for purposes of Internal Revenue Code Section 409A(a)(2)(B)(i)), such deferred compensation shall not be paid to the Employee prior to the date that is six (6) months after the Separation from Service or as otherwise permitted under Treasury Regulations Section 1.409A-3(i)(2).

 

(c)         For purposes of this Agreement, the following definitions shall apply:

 

	
  

	
(i)

	
“Separation from Service” means, generally, a termination of employment with the Company (or any successor or related employer treated as the service recipient for purposes of Internal Revenue Code Section 409A), and shall have the same meaning as such term has for purposes of Internal Revenue Code Section 409A (including Treasury Regulation Section 1.409A-1(h)).

 

	
  

	
(ii)

	
“Involuntary Separation from Service” means a Separation from Service due to the independent exercise of the unilateral authority of the Company (or any successor or related employer treated as the service recipient for purposes of Internal Revenue Code Section 409A) to terminate the Employee’s employment, other than due to the Employee’s implicit or explicit request, where the Employee was willing and able to continue employment with the Company.  Notwithstanding the foregoing, a termination for Good Reason may constitute an Involuntary Separation from Service.  Involuntary Separation from Service shall have the same meaning as such term has for purposes of Internal Revenue Code Section 409A (including Treasury Regulation Section 1.409A-1(n)).

 

[signature page follows]

 

  

5

  

 

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

 

	
The Company:

	 
	
VIRTUAL PIGGY, INC.

 

 

 

By: ____________________________________

Name: Ernie Cimadamore

Title: Secretary

	  
	 
	 
	
Employee:

	 
	 
	
_______________________________________

	
John Coyne

 

6

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