Document:

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

 

    	 	1	 

     

    

 

	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

 

    	 	2	 

     

    

 

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.

 

    	 	5	 

     

    

 

	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.

 

    	 	6	 

     

    

 

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 AgreementsEX-4.1

 Exhibit 4.1 

Sempra Energy 

OFFICERS’ CERTIFICATE 

(Pursuant to Sections 201 and 301 of the Indenture) 

October 7, 2016 
 The undersigned,
Trevor I. Mihalik, Senior Vice President, Controller and Chief Accounting Officer, and Kathryn J. Collier, Vice President and Treasurer, respectively, of Sempra Energy, a California corporation (the “Company”), hereby
certify as follows: 
 The undersigned, having read the appropriate provisions of the Indenture dated as of February 23, 2000 (the
“Indenture”) between the Company and U.S. Bank National Association, as successor Trustee to U.S. Bank Trust National Association (the “Trustee”), including Sections 201, 301 and 303 thereof and the definitions
in such Indenture relating thereto, and certain other corporate documents and records, and having made such examination and investigation as, in the opinion of the undersigned, each considers necessary to enable the undersigned to express an
informed opinion as to whether or not the conditions set forth in the Indenture relating to the establishment of the terms of $500,000,000 aggregate principal amount of the Company’s 1.625% Notes due 2019 (the “Notes”) and the
form of certificate evidencing the Notes have been complied with, and whether the conditions in the Indenture relating to the authentication and delivery by the Trustee of the Notes have been complied with, certify that (1) the terms of the
Notes were established by the undersigned pursuant to authority delegated to them by resolutions duly adopted by the Board of Directors of the Company on September 9, 2008, November 10, 2009, September 13, 2011, February 20-21, 2014 and May 8-9, 2014 (collectively, the “Resolutions”) and such terms are as set forth in Annex I hereto, (2) the form
of certificate evidencing the Notes was established by the undersigned pursuant to authority delegated to them by the Resolutions and shall be in substantially the form attached as Annex II hereto, (3) true, complete and correct copies of
the Resolutions, which were duly adopted by the Board of Directors of the Company and are in full force and effect on the date hereof, are attached as exhibits to the Certificate of the Secretary of the Company of even date herewith, and
(4) the form and terms of the Notes have been established pursuant to Sections 201 and 301 of the Indenture and comply with the Indenture and, in the opinion of the undersigned, all conditions provided for in the Indenture (including,
without limitation, those set forth in Sections 201, 301 and 303 of the Indenture) relating to the establishment of the terms of the Notes and the form of certificate evidencing the Notes, and relating to the execution, authentication and
delivery of the Notes, have been complied with. 
 This certificate may be executed by the parties hereto in counterparts, each of which
when so executed shall be deemed to be an original, with the same effect as if the signatures thereto and hereto were on the same instrument, but all such counterparts shall together constitute but one and the same instrument. 

(Signature Page Follows) 

 IN WITNESS WHEREOF, we have hereunto set our hands as of the date first written above. 

 

	
	/s/ Trevor I. Mihalik
	 Trevor I. Mihalik
 Senior Vice President,
Controller and Chief Accounting Officer

	
	/s/ Kathryn J. Collier
	 Kathryn J. Collier
 Vice President and
Treasurer

 ANNEX I 

Capitalized terms used in this Annex I and not otherwise defined herein have the same definitions as in the Indenture referred to in the
Officers’ Certificate of which this Annex I constitutes a part. 
 (1) One series of debt securities is established hereby and shall be
known and designated as the “1.625% Notes due 2019” (hereinafter sometimes referred to as the “Securities,” the “Securities of such series” or the “Notes”). 

(2) The aggregate principal amount of the Securities of such series which may be authenticated and delivered under the Indenture is limited to
$500,000,000, except for Securities of such series authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the same series pursuant to Sections 304, 305, 306, 906 or 1106 of the
Indenture and except for any Securities of such series which, pursuant to Section 303 of the Indenture, are deemed never to have been authenticated and delivered under the Indenture. However, such series of Securities may be re-opened by the
Company for the issuance of additional Securities of the same series, so long as any such additional Securities of such series (i) have the same form and terms (other than offering price, the date of issuance and, if applicable, the date from
which interest thereon shall begin to accrue and the first interest payment date), and carry the same right to receive accrued and unpaid interest (if any), as the Securities of such series theretofore issued and (ii) shall form a single series
under the Indenture with the Securities of such series theretofore issued, and provided that such additional Securities of such series are fungible with the Securities of such series theretofore issued for United States Federal income tax purposes;
provided, however, that, notwithstanding the foregoing, such series may not be re-opened if the Company has effected defeasance with respect to the Securities of such series pursuant to Section 1302 of the Indenture or has effected satisfaction
and discharge with respect to the Securities of such series pursuant to Section 401 of the Indenture. 
 (3) The Securities of such
series are to be issued only as registered securities without coupons. The Securities of such series shall be issued in book-entry form and represented by one or more global Securities (the “Global Securities”) of such series, the
initial depositary (the “Depositary”) for the Global Securities of such series shall be The Depository Trust Company and the depositary arrangements shall be those employed by whoever shall be the Depositary with respect to the
Global Securities of such series from time to time. Notwithstanding the foregoing, certificated Securities of such series in definitive form may be issued in exchange for Global Securities of such series under the circumstances contemplated by
Section 305 of the Indenture. 
 (4) The Securities of such series shall be sold by the Company to the several underwriters (the
“Underwriters”) named in Schedule I to the Underwriting Agreement dated October 4, 2016 between the Company and Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mizuho
Securities USA Inc., as representatives of the Underwriters (the “Underwriting Agreement”), at a price equal to 99.448% of the principal amount of the Securities of such series and the initial price to the public of Securities of
such series shall be 99.898% of the principal amount of the Securities of such series (plus accrued and 

 
unpaid interest, if any), and underwriting discounts and commissions shall be 0.450% of the principal amount of the Securities of such series. 

(5) The Securities of such series shall not be repayable or redeemable at the option of the Holders prior to the Stated Maturity of the
principal of the Securities of such series (except as provided in Article V of the Indenture) and shall not be subject to a sinking fund or analogous provision. 

(6) The Borough of Manhattan, The City of New York is hereby designated as a Place of Payment for the Securities of such series. 

(7) The Company hereby appoints the Trustee, acting through its Corporate Trust Office in the Borough of Manhattan, The City of New York, as
the Company’s agent for the purposes specified in Section 1002 of the Indenture with respect to the Securities of such series; provided, however, subject to Section 1002 of the Indenture, the Company may at any time remove the Trustee
as its office or agency in the Borough of Manhattan, The City of New York designated for such purposes with respect to the Securities of such series and may from time to time designate one or more other offices or agencies for such purposes with
respect to the Securities of such series and may from time to time rescind such designation, so long as the Company shall at all times maintain an office or agency for such purposes with respect to the Securities of such series in the Borough of
Manhattan, The City of New York. 
 (8) The Securities of such series shall be issued in denominations of $2,000 and integral multiples of
$1,000 in excess thereof. 
 (9) The principal of, premium, if any, and interest on the Securities of such series shall be payable in U.S.
dollars. 
 (10) Section 1303 of the Indenture shall not apply to the Securities of such series. 

(11) The Securities of such series shall not be convertible into or exchangeable for other securities. 

(12) Anything in the Indenture or the Securities of such series to the contrary notwithstanding, payments of the principal of and premium, if
any, and interest on the Global Securities of such series shall be made by wire transfer to the Depositary or its nominee or to any successor depositary or nominee, whichever shall be the registered Holder of such Global Securities of such series
from time to time. 
 (13) To the extent that any provision of the Indenture or the Securities of such series provides for the payment of
interest on overdue principal of, or premium, if any, or interest on, the Securities of such series, then, to the extent permitted by law, interest on such overdue principal, premium, if any, and interest shall accrue at the rate of interest borne
by the Securities of such series. 
 (14) The Securities of such series shall have such other terms and provisions as are set forth in the
form of certificate evidencing the Securities of such series attached as Annex II to the 

 
Officers’ Certificate of which this Annex I constitutes a part, all of which terms and provisions are incorporated by reference in and made a part of this Annex I as if set forth
in full herein. 
 (15) As used in the Indenture with respect to the Securities of such series and in the certificate evidencing the
Securities of such series, all references to “premium” on the Securities of such series shall mean any amounts (other than accrued interest) payable upon the redemption of any Securities of such series in excess of 100% of the principal
amount of such Securities. 
 (16) Subsection (5) of Section 501 of the Indenture shall not be applicable to the Securities of
such series and, insofar as Section 501 of the Indenture is applicable to the Securities of such series, subsection (5) of Section 501 of the Indenture is hereby deleted in its entirety and replaced with the following text and any
references in the Indenture to subsection (5) of Section 501 thereof shall, insofar as it relates to the Securities of such series, be disregarded, mutatis mutandis: 

“(5) [omitted intentionally]; or”. 

 ANNEX II 

Form of Certificate Evidencing the 1.625% Notes due 2019 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN
THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE
CORPORATION OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 SEMPRA ENERGY 

1.625% Notes due 2019 
  

			
	No. 001	  	 $500,000,000

CUSIP No. 816851 AZ2
 ISIN No.
US816851 AZ24

 Sempra Energy, a corporation duly organized and existing under the laws of the State of California (herein
called the “Corporation,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of Five
Hundred Million Dollars ($500,000,000) on October 7, 2019 (the “Maturity Date”), and to pay interest thereon from October 7, 2016 or from the most recent date to which interest has been paid or duly provided for,
semi-annually in arrears on April 7 and October 7 in each year (each, an “Interest Payment Date”), commencing April 7, 2017, and on the Maturity Date at the rate of 1.625% per annum, until the principal hereof is paid
or made available for payment, provided that any principal hereof or (to the extent that the payment of such interest shall be legally enforceable) premium, if any, or interest hereon which is not paid when due shall bear interest at the rate
of 1.625% per annum from the respective dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. 

Interest on this Security shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest, which shall be the March 23 or September 23 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for
on any Interest Payment Date will forthwith cease to be payable to the Holder on such Regular Record Date by virtue of having been such Holder and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities)
is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such
Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange 

 
on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Corporation
maintained for that purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided,
however, that at the option of the Corporation payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer at such place and to such
account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto. Notwithstanding the foregoing, so long as the Holder of this
Security is the Depositary or its nominee, payment of the principal of (and premium, if any) and interest on this Security will be made by wire transfer of immediately available funds. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the Corporation has caused this instrument to be duly executed. 

 

			
	SEMPRA ENERGY
		
	By:	 	 

 
			
	Name:	 	Kathryn J. Collier
	Title:	 	Vice President and Treasurer

  

			
	Attest:
		
	By:	 	 

			
	Name:	 	Justin C. Bird
	Title:	 	Vice President – Compliance and Governance and Corporate Secretary

 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

  

			
	 U.S. BANK NATIONAL ASSOCIATION
  

As successor Trustee to
     U.S. Bank Trust
National Association

		
	By:	 	 
		 	Authorized Signatory

 Dated:
                    , 2016 

 (REVERSE OF SECURITY) 

This Security is one of a duly authorized issue of securities of the Corporation (herein called the “Securities”), issued and
to be issued in one or more series under an Indenture, dated as of February 23, 2000 (herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Corporation and U.S. Bank
National Association, as successor trustee to U.S. Bank Trust National Association (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a
statement of the respective rights, limitation of rights, duties and immunities thereunder of the Corporation, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered.
This Security is one of the series designated on the face hereof, initially limited (subject to exceptions provided in the Indenture) in aggregate principal amount to $500,000,000. 

All or a portion of the Securities of this series may be redeemed at the Corporation’s option at any time or from time to time at a
Redemption Price calculated as provided below. 
 The Redemption Price for the Securities of this series to be redeemed on any Redemption
Date will be equal to the greater of the following amounts: (a) 100% of the principal amount of the Securities being redeemed on that Redemption Date; or (b) the sum of the present values of the remaining scheduled payments of principal
and interest on the Securities being redeemed on that Redemption Date (not including any portion of any payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semi-annual basis at the Adjusted Treasury Rate (as
defined below) plus 15 basis points, as determined by the Independent Investment Banker (as defined below), plus, in each case, accrued and unpaid interest on the Securities to be redeemed to the Redemption Date. Notwithstanding the foregoing,
installments of interest on Securities of this series that are due and payable on any Interest Payment Date falling on or prior to a Redemption Date will be payable on that Interest Payment Date to the Holders of such Securities as of the close of
business on the Regular Record Date immediately preceding such Interest Payment Date, according to the terms of the Securities of this series and the Indenture. The Redemption Price will, if applicable, be calculated on the basis of a 360-day year
consisting of twelve 30-day months. 
 The Corporation will mail notice of any redemption at least 30 days but not more than
60 days before the Redemption Date to each Holder of the Securities of this series to be redeemed. Once notice of redemption is mailed, the Securities of this series called for redemption will become due and payable on the Redemption Date at
the applicable Redemption Price, plus accrued and unpaid interest to the Redemption Date, and will be paid upon surrender thereof for redemption. If the Corporation elects to redeem all or a portion of the Securities of this series, that redemption
will not be conditional upon receipt by the Paying Agent or the Trustee of monies sufficient to pay the Redemption Price. 
 Unless the
Corporation defaults in payment of the Redemption Price, on and after the Redemption Date interest will cease to accrue on the Securities of this series or portions thereof called for redemption. 

“Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent
yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Comparable Treasury Issue” means, with respect to any Redemption Date, the United States Treasury security selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the Securities of this series to be redeemed on such Redemption Date that would be utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities. 

“Comparable Treasury Price” means, with respect to any Redemption Date, (A) the average of the Reference Treasury Dealer
Quotations for such Redemption Date or (B) if only one Reference Treasury Dealer Quotation is received, such quotation. 

 “Independent Investment Banker” means, with respect to any Redemption Date, one
of the Reference Treasury Dealers appointed by the Corporation to act as the “Independent Investment Banker.” 

“Reference Treasury Dealers” mean, with respect to any Redemption Date, (A) Goldman, Sachs & Co., Merrill
Lynch, Pierce, Fenner & Smith Incorporated and Mizuho Securities USA Inc. (or their respective affiliates which are Primary Treasury Dealers (as defined below)), and their respective successors; provided, however, that if any
of the foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”), the Corporation will substitute therefor another Primary Treasury Dealer; and (B) any other
Primary Treasury Dealer(s) selected by the Corporation. 
 “Reference Treasury Dealer Quotation” means, with respect to
each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Corporation, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing
to the Corporation by such Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third Business Day preceding such Redemption Date. As used in the preceding sentence, “Business Day” means any day (other than a
Saturday or Sunday) on which banking institutions in The City of New York are not authorized or obligated by law or executive order to remain closed. 

In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor in an aggregate
principal amount equal to the unredeemed portion of the principal hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security upon compliance with certain
conditions set forth in the Indenture. 
 If an Event of Default with respect to the Securities of this series shall occur and be
continuing, the principal of and accrued and unpaid interest on the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

The indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Corporation and the rights of the Holders of the Securities of each series affected under the Indenture at any time by the Corporation and the Trustee with the consent of the Holders of a majority in principal amount of the Securities of each
series at the time Outstanding affected thereby. The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Securities of any series at the time Outstanding with respect to which a default under
the Indenture shall have occurred and be continuing, on behalf of the Holders of all Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences. The Indenture also permits the
Holders of not less than a majority in principal amount of the Securities of any series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Corporation with certain provisions of the
Indenture. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As provided in and subject to
the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder unless such Holder
shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding
shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee, such Holder or Holders shall have offered the Trustee reasonable indemnity against the costs, expenses and liabilities to be
incurred in compliance with such request, and the Trustee, for 60 days after its receipt of such notice, request and offer of indemnity, shall not have received from the Holders of a majority in principal amount of Securities of this series at
the time Outstanding a direction inconsistent with such request, and the Trustee shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any
suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

 No reference herein to the Indenture and no provision of this Security or of the Indenture shall
alter or impair the obligation of the Corporation, which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Corporation in any place where the principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Corporation and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this
series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of $2,000 and integral multiples of $1,000
in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different
authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of
transfer or exchange, but the Corporation may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Corporation, the Trustee and any agent of the Corporation or the
Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Corporation, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 This Security shall be governed by and construed in accordance with the laws of the State of New York, without regard to
conflict of law principles thereof. 
 All terms used in this Security which are defined in the Indenture and not defined herein shall have
the meanings assigned to them in the Indenture.

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