Document:

EX-10.3

 Exhibit 10.3 

Execution Version 

LIMITED WAIVER AND AMENDMENT 

THIS LIMITED WAIVER AND AMENDMENT (this “Waiver”) is made and entered into effective as of September 30, 2019 (the
“Waiver Effective Date”) by and among Bristow Group Inc. (the “Company”), a Delaware corporation and the ultimate parent of each of the Debtors (as defined in the Backstop Commitment Agreement (as defined herein)),
on behalf of itself and each of the other Debtors, on the one hand, and each of the Commitment Parties (as defined in the Backstop Commitment Agreement) set forth on the signature pages to this Waiver, on the other hand. 

WITNESSETH 

WHEREAS, reference is made to that certain Backstop Commitment Agreement, dated as of July 24, 2019, by and among the Company, on behalf
of itself and each of the other Debtors, on the one hand, and each Commitment Party (as defined therein), on the other hand (as amended, the “Backstop Commitment Agreement”); 

WHEREAS, Section 6.5 (Financial Information) of the Backstop Commitment Agreement requires the Company, during the Pre-Closing Period, to deliver to the counsel and financial advisors to each Ad Hoc Group, and to each Commitment Party that so requests, all Financial Reports required to be delivered to the DIP Agent under the DIP
Credit Agreement; 
 WHEREAS, the deadline for compliance with the requirement to deliver the Financial Reports to the DIP Agent under the
DIP Credit Agreement has been extended to (i) October 31, 2019 for the financial statements relating to the fiscal year ended March 31, 2019 (the “Annual Financials”) and (ii) December 31, 2019 for the
financial statements relating to each of the fiscal quarters ended June 30, 2019 and September 30, 2019 (the “Quarterly Financials”); 

WHEREAS, Section 10.7 (Waivers and Amendments) of the Backstop Commitment Agreement provides that certain terms and conditions of the
Backstop Commitment Agreement, including the terms and conditions of Section 6.5 of the Backstop Commitment Agreement, may be waived by a written instrument executed by the Requisite Commitment Parties and may be amended by a written instrument
signed by the Company and the Requisite Commitment Parties; 
 WHEREAS, the Commitment Parties set forth on the signature pages to this
Waiver constitute the Requisite Commitment Parties; and 
 WHEREAS, the Company is requesting that the Requisite Commitment Parties, on
behalf of the Commitment Parties, amend the requirements of Section 6.5 of the Backstop Commitment Agreement with respect to the delivery of the Annual Financials for the fiscal year ended March 31, 2019 and the Quarterly Financials for
the fiscal quarters ended June 30, 2019 and September 30, 2019 such that the deadline under the Backstop Commitment Agreement for delivery of such Annual Financials shall be October 31, 2019 and the deadline under the Backstop
Commitment Agreement for delivery of such Quarterly Financials shall be December 31, 2019 (or, in each case, such earlier date as such Financial Reports are provided to the DIP Agent under the DIP Credit Agreement); 

 NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of which
are acknowledged, the parties hereto agree as follows: 
 1. Defined Terms. Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to such terms in the Backstop Commitment Agreement. 
 2. Amendment and
Consent. 
 (a) The Requisite Commitment Parties, on behalf of the Commitment Parties, hereby irrevocably amend the deadline
under the Backstop Commitment Agreement with respect to the delivery of the Annual Financials for the financial statements relating to the fiscal year ended March 31, 2019 and the Quarterly Financials for the fiscal quarters ended June 30,
2019 and September 30, 2019 and agree that the deadline for the Company to deliver the Financial Reports pursuant to Section 6.5 of the Backstop Commitment Agreement shall be (i) October 31, 2019 for such Annual Financials (or
such earlier date as such Financial Reports are provided to the DIP Agent under the DIP Credit Agreement) and (ii) December 31, 2019 for such Quarterly Financials (or such earlier date as such Financial Reports are provided to the DIP
Agent under the DIP Credit Agreement). 
 (b) The amendment set forth in this Section 2 shall take effect as of
the Waiver Effective Date. 
 3. Effect of Waiver. Except as set forth expressly herein, all terms of the Backstop
Commitment Agreement shall be and remain in full force and effect and shall constitute the legal, valid, binding and enforceable obligations of the parties to the Backstop Commitment Agreement. The execution, delivery and effectiveness of this
Waiver shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Party under the Backstop Commitment Agreement, nor constitute a waiver of any other provision of the Backstop Commitment Agreement,
except as expressly provided herein. 
 4. Miscellaneous. The provisions of Article X of the Backstop Commitment
Agreement, as applicable, are incorporated herein to this Waiver, mutatis mutandis, by reference as if fully set forth herein. 

[Signature Pages Follow] 

  
 2Exhibit 10.1

 

 

 

 

SHARE EXCHANGE AGREEMENT

 

WELL
BENEFIT INTERNATIONAL LIMITED 

FOR
THE EXCHANGE OF

CAPITAL
STOCK

 

OF

 

Global
Seed Corporation

 

 

DATED OCTOBER 1, 2019

 

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SHARE EXCHANGE AGREEMENT

 

This SHARE EXCHANGE
AGREEMENT, dated October 1, 2019 (the “Agreement”) by and among Well Benefit International Limited,
a British Virgin Islands Company (“Well Benefit”), Global Seed Corporation, a Texas corporation (“GLBD”)
and the shareholders of Well Benefit, whose names are set forth on Exhibit A attached hereto (“Well Benefit Shareholders”).

WHEREAS,
Well Benefit Shareholders own 100% of the issued and outstanding ordinary shares of Well Benefit (the "Well Benefit Shares");

WHEREAS,
Well Benefit Shareholders believe it is in their best interests to exchange the Well Benefit Shares for shares of common stock
of GLBD, par value $.0001 per share (“GLBD Shares”), and GLBD believes it is in its best interests to acquire
the Well Benefit Shares in exchange for GLBD Shares, upon the terms and subject to the conditions set forth in this Agreement;
and

WHEREAS, it is the
intention of the parties that: (i) GLBD shall acquire 100% of the Well Benefit Shares in exchange solely for the amount of GLBD
Shares set forth herein; (ii) said exchange of shares shall qualify as a tax-free reorganization under Section 368(a)(1)(B) of
the Internal Revenue Code of 1986, as amended (the “Code”); and (iii) said exchange shall qualify as a transaction
in securities exempt from registration or qualification under the Securities Act of 1933, as amended and in effect on the date
of this Agreement (the “Securities Act”).

 

NOW, THEREFORE,
in consideration of the mutual terms, conditions and other agreements set forth herein, the parties hereto hereby agree as follows:

 ARTICLE
I

EXCHANGE OF SHARES FOR COMMON STOCK

Section 1.1Agreement
to Exchange Well Benefit Shares for GLBD Shares. On the Closing Date (as hereinafter defined) and subject to the terms and
conditions set forth in this Agreement, Well Benefit Shareholders shall sell, assign, transfer, convey and deliver the Well Benefit
Shares (representing 100% of the issued and outstanding Well Benefit Shares), to GLBD, and GLBD shall accept the Well Benefit Shares
from the Well Benefit Shareholders in exchange for the issuance to the Well Benefit Shareholders of the number of GLBD Shares set
forth opposite the names of the Well Benefit Shareholders on Exhibit A hereto.

 

Section 1.2Capitalization.
On the Closing Date, immediately before the transactions to be consummated pursuant to this Agreement, GLBD shall have authorized
(a) 8,999,886,999 shares of common stock, par value $.0001 per share, of which 5,000,000 shares shall be issued and outstanding,
all of which are duly authorized, validly issued and fully paid; and (b) 9,989,886,988 shares of preferred stock, $.0001 par value,
of which no shares are issued or outstanding.

 

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Section 1.3Closing.
The closing of the exchange to be made pursuant to this Agreement (the "Closing") shall take place at 10:00 a.m.
E.T. on the day when the conditions to closing set forth in Articles V and VI have been satisfied or waived, or at such other time
and date as the parties hereto shall agree in writing but no later than October 30, 2019 (the "Closing Date"),
at the offices of Pryor Cashman LLP, 7 Times Square, 40th Floor, New York, New York 10036, or at such other places as
the parties hereto shall mutually agree. At the Closing, Well Benefit Shareholders shall (i) deliver to GLBD the stock certificates
representing 100% of the Well Benefit Shares, duly endorsed in blank for transfer or accompanied by appropriate stock powers duly
executed in blank. In full consideration and exchange for the Well Benefit Shares and payment, GLBD shall issue and exchange with
Well Benefit Shareholders 252,874,025 GLBD Shares.

1.4        Tax
Treatment. The exchange described herein is intended to comply with Section 368(a)(1)(B) of the Code, and all applicable regulations
thereunder. In order to ensure compliance with said provisions, the parties agree to take whatever steps may be necessary, including,
but not limited to, the amendment of this Agreement.

 

ARTICLE II

 

REPRESENTATIONS AND WARRANTIES OF GLBD

 

GLBD hereby, jointly and
severally, represents, warrants and agrees as follows:

 

Section 2.1Corporate
Organization

 

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

 

b.       Copies
of the Articles of Incorporation and By-laws of GLBD, with all amendments thereto to the date hereof, have been furnished to Well
Benefit and the Well Benefit Shareholders, and such copies are accurate and complete as of the date hereof. The minute books of
GLBD are current as required by law, contain the minutes of all meetings of the Board of Directors and shareholders of GLBD from
its date of incorporation to the date of this Agreement, and adequately reflect all material actions taken by the Board of Directors
and shareholders of GLBD.

 

Section 2.2 Capitalization
of GLBD. The authorized capital stock of GLBD consists of (a) 8,999,886,999 shares of common stock, par value $.0001 per share,
of which 5,000,000 shares are issued and outstanding, all of which are duly authorized, validly issued and fully paid; and (b)
9,989,886,988 shares of blank check preferred stock, $.0001 par value, of which no shares are issued or outstanding. The parties
agree that they have been informed of the issuances of these GLBD Shares, and that all such issuances of GLBD Shares pursuant to
this Agreement will be in accordance with the provisions of this Agreement. All of the GLBD Shares to be issued pursuant to this
Agreement have been duly authorized and will be validly issued, fully paid and non-assessable and no personal liability will attach
to the ownership thereof and in each instance, have been issued in accordance with the registration requirements of applicable
securities laws or an exemption therefrom. As of the date of this Agreement there are no outstanding options, warrants, agreements,
commitments, conversion rights, preemptive rights or other rights to subscribe for, purchase or otherwise acquire any shares of
capital stock or any un-issued or treasury shares of capital stock of GLBD.

 

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Section 2.3Subsidiaries
and Equity Investments. GLBD has no subsidiaries or equity interest in any corporation, partnership or joint venture.

 

Section 2.4Authorization
and Validity of Agreements. GLBD has all corporate power and authority to execute and deliver this Agreement, to perform its
obligations hereunder and to consummate the transactions contemplated hereby and upon the execution and delivery by Well Benefit
and the Well Benefit Shareholders and the performance of their obligations herein, will constitute, a legal, valid and binding
obligation of GLBD. The execution and delivery of this Agreement by GLBD and the consummation by GLBD of the transactions contemplated
hereby have been duly authorized by all necessary corporate action of GLBD, and no other corporate proceedings on the part of GLBD
are necessary to authorize this Agreement or to consummate the transactions contemplated hereby.

 

Section 2.5No
Conflict or Violation. The execution, delivery and performance of this Agreement by GLBD do not and will not violate or conflict
with any provision of its Articles of Incorporation or By-laws, and does not and will not violate any provision of law, or any
order, judgment or decree of any court or other governmental or regulatory authority, nor violate or result in a breach of or constitute
(with due notice or lapse of time or both) a default under, or give to any other entity any right of termination, amendment, acceleration
or cancellation of, any contract, lease, loan agreement, mortgage, security agreement, trust indenture or other agreement or instrument
to which GLBD is a party or by which it is bound or to which any of their respective properties or assets is subject, nor will
it result in the creation or imposition of any lien, charge or encumbrance of any kind whatsoever upon any of the properties or
assets of GLBD, nor will it result in the cancellation, modification, revocation or suspension of any of the licenses, franchises,
permits to which GLBD is bound.

 

Section 2.6Consents
and Approvals. No consent, waiver, authorization or approval of any governmental or regulatory authority, domestic or foreign,
or of any other person, firm or corporation, is required in connection with the execution and delivery of this Agreement by GLBD
or the performance by GLBD of its obligations hereunder.

 

Section 2.7Absence
of Certain Changes or Events. Since its inception:

 

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a.               
As of the date of this Agreement, GLBD does not know or have reason to know of any event, condition, circumstance or prospective
development which threatens or may threaten to have a material adverse effect on the assets, properties, operations, prospects,
net income or financial condition of GLBD;

 

b.              
there has not been any declaration, setting aside or payment of dividends or distributions with respect to shares of capital
stock of GLBD; and

 

c.               
there has not been an increase in the compensation payable or to become payable to any director or officer of GLBD.

 

Section 2.8Disclosure.
This Agreement and any certificate attached hereto or delivered in accordance with the terms hereby by or on behalf of GLBD in
connection with the transactions contemplated by this Agreement, when taken together, do not contain any untrue statement of a
material fact or omit any material fact necessary in order to make the statements contained herein and/or therein not misleading.

 

Section 2.9Litigation.
There is no action, suit, proceeding or investigation pending or threatened against GLBD that may affect the validity of this Agreement
or the right of GLBD to enter into this Agreement or to consummate the transactions contemplated hereby.

 

Section 2.10Securities
Laws. GLBD has complied in all respects with applicable federal and state securities laws, rules and regulations, including
the Sarbanes Oxley Act of 2002, as such laws, rules and regulations apply to GLBD and its securities; and (b) all shares of capital
stock of GLBD have been issued in accordance with applicable federal and state securities laws, rules and regulations. There are
no stop orders in effect with respect to any of GLBD’s securities.

 

Section 2.11Tax
Returns, Payments and Elections. GLBD has timely filed all tax returns, statements, reports, declarations and other forms and
documents and has, to date, paid all taxes due.

 

Section 2.12’34
Act Reports. None of GLBD’s filings with the SEC, contains any untrue statement of a material face or omits to state
a material fact necessary to make the statements therein not misleading, in light of the circumstances in which they were made.

 

 

Section 2.13Survival.
Each of the representations and warranties set forth in this Article II shall be deemed represented and made by GLBD at the Closing
as if made at such time and shall survive the Closing for a period terminating on the second anniversary of the date of this Agreement.

 

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ARTICLE III

 

REPRESENTATIONS AND WARRANTIES OF WELL BENEFIT
AND WELL BENEFIT SHAREHOLDERS

 

Well Benefit and each of
Well Benefit Shareholders, severally, represent, warrant and agree as follows:

 

Section 3.1Corporate
Organization.

 

a.Well
Benefit is a British Virgin Islands company formed in 2018 with no prior business activities. It is duly organized, validly existing
and in good standing under the laws of the British Virgin Islands and has all requisite corporate power and authority to own its
properties and assets and to conduct its business as now conducted and is duly qualified to do business, is in good standing in
each jurisdiction wherein the nature of the business conducted by Well Benefit or the ownership or leasing of its properties makes
such qualification and being in good standing necessary, except where the failure to be so qualified and in good standing will
not have a material adverse effect on the business, operations, properties, assets, condition or results of operation of Well Benefit
(a "Well Benefit Material Adverse Effect"). As of the date of this Agreement, Well Benefit owns all of the issued
and outstanding equity or voting interests in Dongguan Zhenghao Industrial Investment Company Limited (“Zhenghao”).
Zhenghao is duly organized, validly existing and in good standing under the laws of the Peoples’ Republic of China (“PRC”)
and has all requisite corporate power and authority to own its properties and assets and to conduct its business as now conducted
and is duly qualified to do business, is in good standing in each jurisdiction wherein the nature of the business conducted by
Zhenghao or the ownership or leasing of its properties makes such qualification and being in good standing necessary, except where
the failure to be so qualified and in good standing will not have a material adverse effect on the business, operations, properties,
assets, condition or results of operation of Zhenghao (a "Zhenghao Material Adverse Effect").

 

b.Copies
of the Certificate of Incorporation and By-laws of Well Benefit and Zhenghao, with all amendments thereto to the date hereof, have
been furnished to GLBD, and such copies are accurate and complete as of the date hereof. The minute books of Well Benefit are current
as required by law, contain the minutes of all meetings of the Board of Directors and shareholders of Well Benefit, and adequately
reflect all material actions taken by the Board of Directors, shareholders of Well Benefit.

 

Section 3.2Capitalization
of Well Benefit; Title to the Well Benefit Shares. On the Closing Date, immediately before the transactions to be consummated
pursuant to this Agreement, Well Benefit shall have authorized 50,000 Well Benefit Shares, of which 50,000 Well Benefit Shares
will be issued and outstanding. The Well Benefit Shares are the sole outstanding shares of capital stock of Well Benefit, and there
are no outstanding options, warrants, agreements, commitments, conversion rights, preemptive rights or other rights to subscribe
for, purchase or otherwise acquire any shares of capital stock or other equity or voting interest or any unissued or treasury shares
of capital stock of Well Benefit. As of the date hereof and on the Closing Date, each Well Benefit Shareholder owns and will own
the Well Benefit Shares free and clear of any liens, claims or encumbrances and has and will have the right to transfer the Well
Benefit Shares without consent of any other person or entity.

 

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Section 3.3Subsidiaries
and Equity Investments; Assets. As of the date hereof and on the Closing Date, Well Benefit owns all of the equity or voting
interests in Zhenghao. Except for those set forth on Schedule 3.3 A, Well Benefit does not and will not directly or indirectly,
own any other shares of capital stock or any other equity interest in any entity or any right to acquire any shares or other equity
interest in any entity and Well Benefit does not and will not have any assets or liabilities. As of the date hereof and on Closing
Date, Zhenghao does not and will not directly or indirectly, own any shares of capital stock or any other equity interest in any
entity or any right to acquire any shares or other equity interest in any entity, except as set forth on Schedule 3.3 B.
As of the date hereof and on the Closing Date, there are and will be no outstanding options, warrants, agreements, commitments,
conversion rights, preemptive rights or other rights to subscribe for, purchase or otherwise acquire any shares of capital stock
or other equity or voting interest in Zhenghao.

 

Section 3.4Authorization
and Validity of Agreements. Well Benefit has all corporate power and authority to execute and deliver this Agreement, to perform
its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement
by Well Benefit and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate
action and no other corporate proceedings on the part of Well Benefit are necessary to authorize this Agreement or to consummate
the transactions contemplated hereby. The Well Benefit Shareholders have approved this Agreement on behalf of Well Benefit and
no other stockholder approvals are required to consummate the transactions contemplated hereby. Each Well Benefit Shareholder is
competent to execute this Agreement, and has the power to execute and perform this Agreement. No other proceedings on the part
of Well Benefit or any Well Benefit Shareholder are necessary to authorize this Agreement or to consummate the transactions contemplated
hereby.

 

Section 3.5No Conflict or Violation.
The execution, delivery and performance of this Agreement by Well Benefit or any Well Benefit Shareholder does not and will not
violate or conflict with any provision of the constituent documents of Well Benefit, and does not and will not violate any provision
of law, or any order, judgment or decree of any court or other governmental or regulatory authority, nor violate, result in a
breach of or constitute (with due notice or lapse of time or both) a default under or give to any other entity any right of termination,
amendment, acceleration or cancellation of any contract, lease, loan agreement, mortgage, security agreement, trust indenture
or other agreement or instrument to which Well Benefit or any Well Benefit Shareholder is a party or by which it is bound or to
which any of its respective properties or assets is subject, nor result in the creation or imposition of any lien, charge or encumbrance
of any kind whatsoever upon any of the properties or assets of Well Benefit or any Well Benefit Shareholder, nor result in the
cancellation, modification, revocation or suspension of any of the licenses, franchises, permits to which Well Benefit or any
Well Benefit Shareholder is bound.

 

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Section 3.6Investment Representations.

 

a        The
GLBD Shares will be acquired hereunder solely for the account of the Well Benefit Shareholders, for investment, and not with a
view to the resale or distribution thereof. Each Well Benefit Shareholder understands and is able to bear any economic risks associated
with such investment in the GLBD Shares. Each Well Benefit Shareholder has had full access to all the information such shareholder
considers necessary or appropriate to make an informed investment decision with respect to the GLBD Shares to be acquired under
this Agreement. Each Well Benefit Shareholder further has had an opportunity to ask questions and receive answers from GLBD’s
directors regarding GLBD and to obtain additional information (to the extent GLBD’s directors possessed such information
or could acquire it without unreasonable effort or expense) necessary to verify any information furnished to such shareholder or
to which such shareholder had access. Each Well Benefit Shareholder is at the time of the offer and execution of this Agreement,
either domiciled and resident outside the United States (a “Non-U.S. Shareholder”) and or is an “accredited
investor” (as such term is defined in Rule 501(a) of Regulation D promulgated by the Securities and Exchange Commission under
the Securities Act).

b       No
Non-U.S. Shareholder, nor any affiliate of any Non-U.S. Shareholder, nor any person acting on behalf of any Non-U.S. Shareholder
or any behalf of any such affiliate, has engaged or will engage in any activity undertaken for the purpose of, or that reasonably
could be expected to have the effect of, conditioning the markets in the United States for the GLBD Shares, including, but not
limited to, effecting any sale or short sale of securities through any Non-U.S. Shareholder or any of affiliate of any Non-U.S.
Shareholder prior to the expiration of any restricted period contained in Regulation S promulgated under the Securities Act (any
such activity being defined herein as a “Directed Selling Effort”). To the best knowledge of the Non-U.S. Shareholders,
this Agreement and the transactions contemplated herein are not part of a plan or scheme to evade the registration provisions of
the Securities Act, and the GLBD Shares are being acquired for investment purposes by the Non-U.S. Shareholders. The Non-U.S. Shareholder
agrees that all offers and sales of GLBD Shares from the date hereof and through the expiration of the any restricted period set
forth in Rule 903 of Regulation S (as the same may be amended from time to time hereafter) shall not be made to U.S. Persons or
for the account or benefit of U.S. Persons and shall otherwise be made in compliance with the provisions of Regulation S and any
other applicable provisions of the Securities Act. Neither any Non-U.S. Shareholder nor the representatives of any Non-U.S. Shareholder
have conducted any Directed Selling Effort as that term is used and defined in Rule 902 of Regulation S and no Non-U.S. Shareholder
nor any representative of any Non-U.S. Shareholder will engage in any such Directed Selling Effort within the United States through
the expiration of any restricted period set forth in Rule 903 of Regulation S. A Regulation S Certification by the Well Benefit
Shareholders is attached hereto as Exhibit B.

 

Section 3.7Brokers’
Fees. No Well Benefit Shareholder has any liability to pay any fees or commissions or other consideration to any broker, finder,
or agent with respect to the transactions contemplated by this Agreement.

 

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

 

Section 3.9Survival.
Each of the representations and warranties set forth in this Article III shall be deemed represented and made by Well Benefit and
the Well Benefit Shareholders at the Closing as if made at such time and shall survive the Closing for a period terminating on
the second anniversary of the date of this Agreement.

 

 

ARTICLE IV

 

COVENANTS

 

Section 4.1Certain
Changes and Conduct of Business.

 

a.From
and after the date of this Agreement and until the Closing Date, GLBD shall conduct its business solely in the ordinary course
consistent with past practices and, in a manner consistent with all representations, warranties or covenants of GLBD, and without
the prior written consent of Well Benefit will not, except as required or permitted pursuant to the terms hereof:

 

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

 

		ii.	make any change in its Articles of Incorporation or By-laws; issue any additional shares of capital
stock or equity securities or grant any option, warrant or right to acquire any capital stock or equity securities or issue any
security convertible into or exchangeable for its capital stock or alter in any material term of any of its outstanding securities
or make any change in its outstanding shares of capital stock or its capitalization, whether by reason of a reclassification, recapitalization,
stock split or combination, exchange or readjustment of shares, stock dividend or otherwise;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

		xvi.	commit itself to do any of the foregoing.

 

b.       From and after
the date of this Agreement, Well Benefit will and Well Benefit will cause Zhenghao to:

 

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

 

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

 

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

 

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

 

		v.	continue to maintain existing business relationships with suppliers.

 

c.       From
and after the date of this Agreement, Well Benefit will not and will ensure that Zhenghao does not:

 

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

 

		ii.	make any change in its Business License, Bylaws or other governing documents; issue any additional
shares of capital stock or equity securities or grant any option, warrant or right to acquire any capital stock or equity securities
or issue any security convertible into or exchangeable for its capital stock or alter in any material term of any of its outstanding
securities or make any change in its outstanding shares of capital stock or its capitalization, whether by reason of a reclassification,
recapitalization, stock split or combination, exchange or readjustment of shares, stock dividend or otherwise;

 

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

 

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		B.	issue any securities convertible or exchangeable for debt or equity securities of Well Benefit
or Zhenghao;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    12 

     

    

 

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

 

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

 

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

 

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

 

		xvi.	commit itself to do any of the foregoing.

  

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

 

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

 

Section 4.4Consents
and Approvals. The parties shall:

 

		i.	use their reasonable commercial efforts to obtain all necessary consents, waivers, authorizations
and approvals of all governmental and regulatory authorities, domestic and foreign, and of all other persons, firms or corporations
required in connection with the execution, delivery and performance by them of this Agreement; and

 

    13 

     

    

 

		ii.	diligently assist and cooperate with each party in preparing and filing all documents required
to be submitted by a party to any governmental or regulatory authority, domestic or foreign, in connection with such transactions
and in obtaining any governmental consents, waivers, authorizations or approvals which may be required to be obtained connection
in with such transactions.

 

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

 

Section 4.6Stock
Issuance. From and after the date of this Agreement until the Closing Date, none of GLBD, Well Benefit nor Zhenghao shall issue
any additional shares of its capital stock.

 

Section 4.7Notwithstanding
anything to the contrary contained herein, it is herewith understood and agreed that both Well Benefit and GLBD may enter into
and conclude agreements and/or financing transactions as same relate to and/or are contemplated by any separate written agreements
either: (a) annexed hereto as exhibits; or (b) entered into by GLBD with Well Benefit executed by both parties subsequent to the
date hereof. These Agreements shall become, immediately upon execution, part of this Agreement and subject to all warranties, representations
and conditions contained herein.

 

 

ARTICLE V

 

CONDITIONS TO OBLIGATIONS OF WELL BENEFIT
AND WELL BENEFIT SHAREHOLDERS

 

The obligations of Well
Benefit and the Well Benefit Shareholders to consummate the transactions contemplated by this Agreement are subject to the fulfillment,
at or before the Closing Date, of the following conditions, any one or more of which may be waived by both Well Benefit and the
Well Benefit Shareholders in their sole discretion:

 

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

 

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

 

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

 

    14 

     

    

 

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

 

Section 5.5Other
Closing Documents. Well Benefit shall have received such other certificates, instruments and documents in confirmation of the
representations and warranties of GLBD or in furtherance of the transactions contemplated by this Agreement as Well Benefit or
its counsel may reasonably request.

 

 

ARTICLE VI

CONDITIONS TO OBLIGATIONS OF GLBD

 

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

 

Section 6.1Representations
and Warranties of Well Benefit and Well Benefit Shareholders. All representations and warranties made by Well Benefit and Well
Benefit Shareholders in this Agreement shall be true and correct on and as of the Closing Date as if again made by them on and
as of such date.

 

Section 6.2Agreements
and Covenants. Well Benefit and Well Benefit Shareholders shall have performed and complied in all material respects to all
agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing Date.

 

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

 

    15 

     

    

 

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

 

Section 6.5.Other
Closing Documents. GLBD shall have received such other certificates, instruments and documents in confirmation of the representations
and warranties of Well Benefit or in furtherance of the transactions contemplated by this Agreement as GLBD or its counsel may
reasonably request.

 

 

ARTICLE VII

 

TERMINATION AND ABANDONMENT

 

SECTION 7.1Methods
of Termination. This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time before
the Closing:

 

a.              By
the mutual written consent of Well Benefit, Well Benefit Shareholders, and GLBD;

 

b.              
By GLBD, upon a material breach of any representation, warranty, covenant or agreement on the part of Well Benefit or Well
Benefit Shareholders set forth in this Agreement, or if any representation or warranty of Well Benefit or the Well Benefit Shareholders
shall become untrue, in either case such that any of the conditions set forth in Article VI hereof would not be satisfied (a "Well
Benefit Breach"), and such breach shall, if capable of cure, has not been cured within ten (10) days after receipt by
the party in breach of a notice from the non-breaching party setting forth in detail the nature of such breach;

 

c.               
By Well Benefit, upon a material breach of any representation, warranty, covenant or agreement on the part of GLBD set forth
in this Agreement, or, if any representation or warranty of GLBD shall become untrue, in either case such that any of the conditions
set forth in Article V hereof would not be satisfied (a "GLBD Breach"), and such breach shall, if capable of cure,
not have been cured within ten (10) days after receipt by the party in breach of a written notice from the non-breaching party
setting forth in detail the nature of such breach.;

 

    16 

     

    

 

d.              
By either GLBD or Well Benefit, if the Closing shall not have consummated before ninety (90) days after the date hereof;
provided, however, that this Agreement may be extended by written notice of either Well Benefit or GLBD, if the Closing shall not
have been consummated as a result of GLBD or Well Benefit having failed to receive all required regulatory approvals or consents
with respect to this transaction or as the result of the entering of an order as described in this Agreement; and further provided,
however, that the right to terminate this Agreement under this Section 7.1(d) shall not be available to any party whose failure
to fulfill any obligations under this Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or
before this date.

 

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

 

Section 7.2Procedure
Upon Termination. In the event of termination and abandonment of this Agreement by Well Benefit or GLBD pursuant to Section
7.1, written notice thereof shall forthwith be given to the other parties and this Agreement shall terminate and the transactions
contemplated hereby shall be abandoned, without further action. If this Agreement is terminated as provided herein, no party to
this Agreement shall have any liability or further obligation to any other party to this Agreement; provided, however, that no
termination of this Agreement pursuant to this Article VII shall relieve any party of liability for a breach of any provision of
this Agreement occurring before such termination.

  

ARTICLE VIII

 

POST-CLOSING AGREEMENTS

 

Section 8.1Consistency
in Reporting. Each party hereto agrees that if the characterization of any transaction contemplated in this agreement or any
ancillary or collateral transaction is challenged, each party hereto will testify, affirm and ratify that the characterization
contemplated in such agreement was the characterization intended by the party; provided, however, that nothing herein shall be
construed as giving rise to any obligation if the reporting position is determined to be incorrect by final decision of a court
of competent jurisdiction.

 

    17 

     

    

 

ARTICLE IX

 

MISCELLANEOUS PROVISIONS

 

Section 9.1Survival
of Provisions. The respective representations, warranties, covenants and agreements of each of the parties to this Agreement
(except covenants and agreements which are expressly required to be performed and are performed in full on or before the Closing
Date) shall survive the Closing Date and the consummation of the transactions contemplated by this Agreement, subject to Sections
2.14, 3.9 and 9.1. In the event of a breach of any of such representations, warranties or covenants, the party to whom such representations,
warranties or covenants have been made shall have all rights and remedies for such breach available to it under the provisions
of this Agreement or otherwise, whether at law or in equity, regardless of any disclosure to, or investigation made by or on behalf
of such party on or before the Closing Date.

 

Section 9.2Publicity.
No party shall cause the publication of any press release or other announcement with respect to this Agreement or the transactions
contemplated hereby without the consent of the other parties, unless a press release or announcement is required by law. If any
such announcement or other disclosure is required by law, the disclosing party agrees to give the non-disclosing parties prior
notice and an opportunity to comment on the proposed disclosure.

 

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

 

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

 

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

 

If to Well Benefit or the
Well Benefit Shareholders, to:

 

3906-3907, Vanke ITC Center

Changan, Dongguan, China 523845

Attn: Mr. Leung Kwok Hei

 

 

If to GLBD, to:

 

3906-3907, Vanke ITC Center

Changan, Dongguan, China 523845

Attn: Mr.
Chan Hiu

 

    18 

     

    

 

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

 

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

 

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

 

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

 

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

 

Section 9.10Convenience
of Forum; Consent to Jurisdiction. The parties to this Agreement, acting for themselves and for their respective successors
and assigns, without regard to domicile, citizenship or residence, hereby expressly and irrevocably elect as the sole judicial
forum for the adjudication of any matters arising under or in connection with this Agreement, and consent and subject themselves
to the jurisdiction of, the courts of the State of New York located in County of New York, and/or the United States District Court
for the Southern District of New York, in respect of any matter arising under this Agreement. Service of process, notices and demands
of such courts may be made upon any party to this Agreement by personal service at any place where it may be found or giving notice
to such party as provided in Section 9.5.

 

    19 

     

    

 

Section 9.11Enforcement
of the Agreement. The parties hereto agree that irreparable damage would occur if any of the provisions of this Agreement were
not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall
be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions
hereto, this being in addition to any other remedy to which they are entitled at law or in equity.

 

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

 

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

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

  

	WELL BENEFIT INTERNATIONAL LIMITED
	 	 	 
	By: 	/s/ Leung Kwok
    Hei	
	 	Leung Kwok Hei 	 
	 	 	 
	Title: Sole Director	 
	 	 	 
	 	 	 
	GLOBAL SEED CORPORATION	 
	 	 	 
	By:	/s/ Leung Kwok
    Hei	 
	 	Leung Kwok Hei	 
	 	 	 
	Title: Chief Executive Officer	 

  

 

    20 

     

    

 

WELL BENEFIT SHAREHOLDERS:

 

	By:	/s/ Chan, Chun Ngan	 
	 	CHAN, CHUN NGAN	 
	 	 	 
	 	 	 
	By:	/s/ Lam, Heung Yeung Horace 	 
	 	Lam, Heung Yeung Horace	 
	 	 	 
	 	 	 
	By:	/s/ Leung, Siu Hung	 
	 	Leung, Siu Hung 	 
	 	 	 
	 	 	 
	By:	/s/ Leung, Kwok Hei	 
	 	Leung, Kwok Hei 	 
	 	 	 
	 	 	 
	By:	/s/ Chan, Hiu	 
	 	Chan, Hiu	 
	 	 	 
	 	 	 
	By:	/s/ Chan, Ching Ha      	 
	 	Chan, Ching Ha	 
	 	 	 
	 	 	 
	By:	/s/ Leung, Yuen Dick  	 
	 	Leung, Yuen Dick	 
	 	 	 
	 	 	 
	By:	/s/ Tse, Wing Ho Jeremy  	 
	 	Tse, Wing Ho Jeremy	 
	 	 	 
	 	 	 
	By	/s/ Man, Hing Kwok	 
	 	Man, Hing Kwok	 

  

 

    21 

     

    

 

	Ultimate Choice Developments Limited
	 	 	 
	 	/s/Chi, Siu On 	 
	 	By: Chi, Siu On	 
	 	Title: Director	 
	 	 	 
	 	Well Kept Global Limited	 
	 	 	 
	 	/s/ Chan, Chun Yee Sanny 	 
	 	By: Chan, Chun Yee Sanny	 
	 	Title: Director	 
	 	 	 
	 	 	 
	Global Mega Limited	 
	 	 	 
	 	 /s/ Chiang Venant	 
	 	By: Chiang Venant	 
	 	Title: Director	 
	 	 	 
	 	 	 
	Honour Fortune Holdings Limited
	 	 	 
	 	 /s/ Chan, Kam Wun	 
	 	By: Chan, Kam Wun 	 
	 	Title: Director	 
	 	 	 
	 	 	 
	Team Fu International Co., Limited
	 	 	 
	 	 /s/ Tong, Siu Kei Tony	 
	 	By: Tong, Siu Kei Tony	 
	 	Title: Director	 
	 	 	 
	 	 	 
	Ascent Rich Global Limited
	 	 	 
	 	/s/ Ho Chun Pong      	 
	 	By: Ho Chun Pong	 
	 	Title: Director	 

 

    22 

     

    

 

Schedule 3.3 A

 

Subsidiaries of Well Benefit International Limited

 

	·	Agility International Holding LTD
	·	Shangshang (Guangzhou)  Industrial Investment Company Limited
	·	Dongguan Zhenghao Industrial Investment Company Limited
	·	Dongguan Ka Su Le Food Company Limited
	·	Shenzhen Ka Su Le Food Company Limited

 

    23 

     

    

 

 

Schedule 3.3 B

 

Subsidiaries of Dongguan Zhenghao Industrial Investment Company
Limited

 

	·	Dongguan Ka Su Le Food Company Limited
	·	Shenzhen Ka Su Le Food Company Limited

 

    24 

     

    

EXHIBIT A

 

 

	
        Name of Well Benefit Shareholders

         
	Number of Well Benefit Shares Being Exchanged	Number of GLBD Shares to be Received
	Chan, Chun Ngan	18,040	91,239,300
	Lam, Heung Yeung Horace	7,350	37,170,000
	Leung, Siu Hung	3,145	15,900,000
	Leung, Kwok Hei	2,150	10,880,000
	Chan, Hiu	1,995	10,090,000
	Chan, Ching Ha	2,275	11,500,000
	Leung, Yuen Dick	3,165	16,000,000
	Team Fu International Co., Limited 	3,440	17,400,000
	Tse, Wing Ho Jeremy	315	1,585,000
	Man, Hing Kwok	305	1,550,000
	Ascent Rich Global Limited 	2,335	11,800,000
	Ultimate Choice Developments Limited	1,860	9,406,725
	Well Kept Global Limited	1,050	5,303,000
	Global Mega Limited	205	1,050,000
	Honour Fortune Holdings Limited	2,370	12,000,000
	Total	50,000	252,874,025

 

    25 

     

    

 

EXHIBIT B

 

REGULATION S CERTIFICATION

 

This Regulation S Certification
(“Certification”) is being delivered in connection with the offering (the “Offering”) contemplated
under the Share Exchange Agreement (the “Agreement”) by and among Global Seed Corporation, a Texas corporation
(“GLBD”), Well Benefit International Limited, a British Virgin Islands corporation (“Well Benefit”)
and the shareholders of Well Benefit, whose names are set forth below, pursuant to which the GLBD is going to issue an aggregated
of 252,874,025 shares of the its common stock, par value $0.0001 per share (the “Securities”), and may be relied
upon GLBD, its transfer agent and its counsel in connection with the Offering and the issuance of Securities contemplated by the
Offering.  The undersigned (“Subscribers”) hereby certifies that the following statements are true,
correct, and complete as of the date of this Certification.  Capitalized terms used and not defined herein shall have
the meanings assigned to them in the Agreement.

 

1.  Subscribers
are familiar with Regulation S (“Regulation S”) promulgated by the U.S. Securities and Exchange Commission (the
“SEC”) under the U.S. Securities Act of 1933, as amended (the “Securities Act”).

 

2.  Subscribers
are not “U.S. Person,” as defined in Regulation S and as set forth in the Agreement. At the time the Securities
were offered to the Subscribers, the Subscribers were outside the United States, and the Subscribers are outside of the United
States as of the date of execution and delivery of this Agreement. Neither Subscribers nor anyone acting on Subscribers’
behalf has prearranged the resale of any of the Securities with a “U.S. Person” or other purchaser in the United States.

 

3.   Each
of the Subscribers understands and acknowledges that (A) the Securities have not been registered under the Securities Act, are
being sold in reliance upon an exemption from registration afforded by Regulation S; and that such Securities have not been registered
with any state securities commission or authority; (B) pursuant to the requirements of Regulation S, the Securities may not be
transferred, sold or otherwise exchanged unless in compliance with the provisions of Regulation S and/or pursuant to registration
under the Securities Act, or pursuant to another available exemption thereunder; (C) the Company is under no obligation to register
the Securities under the Securities Act or any state securities law, or to take any action to make any exemption from any such
registration provisions available; and (D) the Company will refuse to register any transfer of Securities not made in accordance
with the provisions of Regulation S, and/or pursuant to registration under the Securities Act of pursuant to another available
exemption thereunder.

 

4.  Neither Subscriber
is a Distributor nor is receiving the Securities with the intent of distributing the Securities on behalf of the Company or any
Distributor or any of their affiliates. The Subscriber is receiving the Securities for its own account (and/or for the account
of other non-U.S. Persons who are outside of the United States) and not for the account or benefit of any U.S. Person and no other
person has any interest in or participation in the Securities or any right, option, security interest, pledge or other interest
in or to the Securities.

 

    26 

     

    

 

5.  The offer
leading to the issuance of the Securities was made in an “offshore transaction” as defined in Regulation S.  For
purposes of Regulation S, each of the Subscribers understands that an “offshore transaction” as defined under Regulation
S is any offer or sale not made to a person in the United States and either (A) at the time the buy order is originated, the purchaser
is outside the United States, or the seller or any person acting on his/her behalf reasonably believes that the purchaser is outside
the United States; or (B) for purposes of (1) Rule 903 of Regulation S, the transaction is executed in, or on or through a physical
trading floor of an established foreign exchange that is located outside the United States or (2) Rule 904 of Regulation S, the
transaction is executed in, on or through the facilities of a designated offshore securities market, and neither the seller nor
any person acting on its behalf knows that the transaction has been prearranged with a buyer in the U.S.

 

6.  Neither Subscribers,
nor any affiliate or any person or entity acting on Subscribers’ behalf, has made or is aware of any “directed selling
efforts” in the United States, which is defined in Regulation S to be any activity undertaken for the purpose of, or that
could reasonably be expected to have the effect of, conditioning the market in the United States for any of the Securities.

 

7.  Each of the
Subscribers understands that the Company is the issuer of the Securities which are the subject of the Offering, and that, for purpose
of Regulation S, a “Distributor” is any underwriter, dealer or other person who participates, pursuant to a contractual
arrangement, in the distribution of securities offered or sold in reliance on Regulation S and that an “affiliate”
is any partner, officer, director or any person directly or indirectly controlling, controlled by or under common control with
any person in question.  

 

8. Neither the Subscribers
nor any entity controlled by the Subscribers has a short position in the Securities nor will have a short position in the Securities
at any time prior to the expiration of the distribution compliance period, as set forth under Regulation S Rule 903(b)(3)(iii)(A)
(“Distribution Compliance Period”).

 

Resale Restrictions

 

9.  Each of the
Subscribers is purchasing the Securities for his or her own account and risk and not for the account or benefit of a U.S. Person
(as defined in Regulation S).  Subscriber understands, acknowledges and agrees that he/she must bear the economic risk
of an investment in the Securities for an indefinite period of time and that prior to any such offer or sale, the Company may require,
as a condition to effecting a transfer of the Securities, an opinion of counsel, acceptable to the Company, as to the registration
or exemption therefrom under the Securities Act and any state securities acts, if applicable.

 

10.  Subscriber
will, during and after the expiration of the Distribution Compliance Period, offer, sell, pledge or otherwise transfer the Securities
only in accordance with Regulation S, or pursuant to an available exemption under the Securities Act.  The issuance of
the Securities pursuant to the Agreement has neither been pre-arranged with a purchaser who is in the U.S. or who is a U.S. Person,
nor is it part of a plan or scheme to evade the registration provisions of the United States federal securities laws.  During
such Distribution Compliance Period, Subscribers will not engage in hedging transactions with regard to the common stock of the
Company, unless in compliance with the Securities Act.

 

    27 

     

    

 

11. Until the Securities
have been registered with the SEC, the Subscribers shall notify the Company about any proposed resale to a U.S. Person which notice
must be received by the Company at least five (5) business days prior to such resale.

 

12. Prior to reselling
any of the Securities during the Distribution Compliance Period, the transferor will send a notice to the potential purchaser that
such potential purchaser may be subject to the restrictions of Regulation S during the Distribution Compliance Period.

 

Legends

 

13.  Subscribers
acknowledge that substantially the following legend may appear on any certificates that may be issued in respect of the Securities:

 

THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE BEEN OFFERED AND SOLD IN AN “OFFSHORE TRANSACTION” IN RELIANCE UPON REGULATION S AS PROMULGATED
BY THE SECURITIES AND EXCHANGE COMMISSION.  ACCORDINGLY, THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT BE TRANSFERRED OTHER THAN IN ACCORDANCE
WITH REGULATION S, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER
THE SECURITIES ACT, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY.  THE SECURITIES
REPRESENTED BY THIS CERTIFICATE CANNOT BE THE SUBJECT OF HEDGING TRANSACTIONS UNLESS SUCH TRANSACTIONS ARE CONDUCTED IN COMPLIANCE
WITH THE SECURITIES ACT.

 

 

IN WITNESS WHEREOF, the undersigned has executed
this Regulation S Certification as of the date set forth below.

 

WELL BENEFIT SHAREHOLDERS: 

	By:	/s/ Chan, Chun Ngan	 
	 	CHAN, CHUN NGAN	 
	 	 	 

 

 

    28 

     

    

 

	By:	 /s/ Lam, Heung Yeung Horace	 
	 	Lam,
    Heung Yeung Horace	 
	 	 	 
	 	 	 
	By:	 /s/ Leung, Siu
    Hung	 
	 	Leung,
    Siu Hung	 
	 	 	 
	 	 	 
	By:	 /s/ Leung, Kwok
    Hei	 
	 	 	 
	 	 	 
	By:	 /s/ Chan, Hiu	 
	 	Chan,
    Hiu	 
	 	 	 
	 	 	 
	By:	 /s/
    Chan, Ching Ha 	 
	 	Chan,
    Ching Ha	 
	 	 	 
	 	 	 
	By:	/s/ Leung, Yuen
    Dick	 
	 	Leung,
    Yuen Dick	 
	 	 	 
	 	 	 
	By:	/s/
    Tse, Wing Ho Jeremy	 
	 	Tse,
    Wing Ho Jeremy	 
	 	 	 
	 	 	 
	By:	/s/
    Man, Hing Kwok	 
	 	Man,
    Hing Kwok	 

  

    29 

     

    

 

 

	Ultimate Choice Developments Limited
	 	 	 
	 	/s/ Chi, Siu On 	 
	 	By: Chi, Siu On	 
	 	Title: Director	 
	 	 	 
	 	 	 
	Well Kept Global Limited	 
	 	 	 
	 	/s/ Chan, Chun Yee Sanny 	 
	 	By: Chan, Chun Yee Sanny	 
	 	Title: Director	 
	 	 	 
	 	 	 
	Global Mega Limited	 
	 	 	 
	 	/s/ Chiang Venant	 
	 	By: Chiang Venant	 
	 	Title: Director	 
	 	 	 
	 	 	 
	Honour Fortune Holdings Limited
	 	 	 
	 	/s/ Chan, Kam Wun	 
	 	By: Chan, Kam Wun 	 
	 	Title: Director	 
	 	 	 
	 	 	 
	Team Fu International Co., Limited
	 	 	 
	 	/s/ Tong, Siu Kei Tony	
	 	By: Tong, Siu Kei Tony	 
	 	Title: Director	 
	 	 	 
	 	 	 
	Ascent Rich Global Limited	 
	 	 	 
	 	/s/ Ho Chun Pong      	 
	 	By: Ho Chun Pong	 
	 	Title: Director	 

 

 

 

    30

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