Document:

f8k082708ex10ix_ea3chinavlve.htm

     

     

    Exhibit
10.9

     

    MANUFACTURING
AND SUPPLY AGREEMENT

     

    This
MANUFACTURING AND SUPPLY AGREEMENT (“Agreement”)
is made as of August 26, 2008, between and among:

     

    
      	
               
      

            	
              (i)

            	
              He
      Nan Kai Feng High Pressure Valve Co., Ltd., a limited liability company
      organized under the laws of the People’s Republic of China (“PRC”)
      (“Party
      A” or “Buyer”);
      and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              Kai
      Feng High Pressure Valve Steel Casting Limited Liabilities Company, a
      limited liability company organized under the laws of the PRC (“Party
      B” or “Seller”).

            

    

     

    Each of
the foregoing is referred to as a “Party” and
together as the “Parties”.

     

    AGREEMENT

     

    Based on
full understanding and trust, after friendly discussion between Party A and
Party B, both Party A and Party B have reached the following
agreement:

     

    
      	
              1.  

            	
              Long term
      cooperation.   Pursuant
      to the terms of this Agreement, the Parties agree to establish a long term
      cooperation between them relating to the manufacturing and sale of certain
      high-quality cast products (as more fully described in Appendix A, the
      “Products”)
      by Party B to Party A, and the purchase of those Products from Party B by
      Party A.

            

    

     

    
      	
              2.  

            	
              Purchase
      and Sale of Products.   Party
      B will manufacture and sell the Products to Party A, and Party A will
      purchase Products from Party B, according to the terms and conditions set
      out in this Agreement.

            

    

     

    
      	
              3.  

            	
              Specifications.   Party
      B will manufacture the Products strictly in compliance with specifications
      provided from time to time by Party A (the “Specifications”).
      The Specifications may include quality standards, design, tolerance
      requirements, and any other matters relevant to the design and manufacture
      of items similar to the Products. The final determination as to whether
      the Products manufactured by Party B meet the Specifications will be made
      in all cases by Party A.

            

    

     

    
      	
              4.  

            	
              Molds,
      Casts, Dies, Etc.  From time to time Party A may provide
      to Party B molds, casts, dies and other supplies and equipment for use in
      the manufacture of the Products (the “Party A
      Materials”). Party B will ensure that all Party A Materials are
      used only in accordance with the Specifications and/or any other
      instructions that may be provided by Party A, and only for the purpose of
      manufacturing Products for sale to Party A. Under no circumstances will
      Party B use any Party A Materials for any other purpose, including the
      manufacture of any products or other items for sale to or use by any third
      party. Party B will maintain the Party A Materials in reasonable condition
      and except for consumable supplies, return such Materials to Party A upon
      request in good condition, ordinary wear and tear
  excepted.

            

    

     

    
      	
              5.  

            	
              Orders.   From
      time to time Party A will place orders for Products (“Orders”)
      with Party B. All Products will be manufactured and delivered in
      compliance with the terms contained in the Orders or as otherwise
      instructed by Party A.

            

    

     

    
      	
              6.  

            	
              Price.   The
      Parties will agree on the price for the Products on a case-by-case basis.
      In all cases (a) the prices for the Products will be set consistent with,
      or under, prevailing market prices in the PRC for similar products; and
      (b) Party B will sell the Products to Party A at prices, and on terms and
      conditions, no less favorable than offered by Party B to any third party
      for similar products.

            

    

     

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	
              7.  

            	
              Payment.   Party
      A will only pay Party B for Product after delivery and acceptance by Party
      A. No prepayments for Products (i.e., payments for Products before
      delivery of the Products) will be made. No payment will be made for
      Products which do not meet the Specifications applicable to them;
      non-conforming Products will be returned by Party A to Party B at Party
      B’s cost and expense.

            

    

     

    
      	
              8.  

            	
              Production
      Capacity.   During the Term of this Agreement (as
      defined below), Party B will maintain, it its sole cost and expense,
      sufficient manufacturing plant and capacity, and sufficient trained
      personnel, to satisfy Orders for Products placed by Party A. Party B is
      solely responsible for any third party or other financing that may be
      necessary to maintain its plant, equipment and personnel in order to meet
      its obligations under this Agreement. Party A will have no obligation to
      provide any financing, credit or other financial support to Party B except
      insofar as it is required to pay for Products under this Agreement. Party
      B’s capacity will be available to fulfill Party A’s Orders before Party B
      may take any orders from third
parties.

            

    

     

    
      	
              9.  

            	
              Non-Competition.   Party
      B will not manufacture or sell to any third party any Products, or any
      products or other items which are substantially the same as the Products
      or are based on the Specifications provided by Party
  A.

            

    

     

    
      	
              10.  

            	
              Non-Exclusivity;
      No Minimum or Maximum Orders.   Party A may purchase
      products similar or identical to the Products from any third party at any
      time. Party A is under no obligation to place any Orders, or to purchase
      any minimum amount of Products from Party B. There is no maximum volume of
      Products which may be Ordered by Party A from Party B.
  

            

    

     

    
      	
              11.  

            	
              Confidential
      Information.  Notwithstanding any other provision of this
      Agreement, the Parties agree to maintain in confidence, and not to
      disclose to any third party, either during the Term of this Agreement and
      during a period of five (5) years after the termination of this Agreement,
      any and all Confidential Information furnished by a Party (the “Disclosing
      Party” to the other Party (the “Receiving
      Party”). “Confidential
      Information” means and includes the Specifications and any
      information of any nature except for information (i) which at the time of
      disclosure is, or subsequently becomes, part of the public domain through
      no fault of the Receiving Party, (ii) which at the time of disclosure, is
      already known to the Receiving Party and the Receiving Party can prove
      such prior knowledge, or (iii) which is subsequently disclosed on a
      non-confidential basis to the Receiving Party by a third party whose
      receipt and disclosure does not constitute a violation of any
      confidentiality obligation to the Disclosing Party. Confidential
      Information may include, but will not be limited to, processes,
      compilations of information, records, specifications, cost and pricing
      information, customer lists, catalogs, booklets, technical advertising and
      selling data, samples, and the fact of the Disclosing Party’s intent to
      manufacture, market, sell or distribute any new product, and except for
      information which is public or general industry knowledge, all information
      furnished by the Disclosing Party to the Receiving Party will be
      considered to be Confidential Information, whether or not specifically so
      designated. The Receiving Party will take all reasonable steps to protect
      the Confidential Information from unauthorized disclosure, including, but
      not limited to, informing its employees in writing of the confidential
      nature of the information and binding those employees to maintain the
      confidentiality of the information to the same extent as provided herein.
      The Receiving Party further agrees not to use any Confidential Information
      in any way, directly or indirectly, except as required in the course of
      the performance of the terms of this Agreement and approved in writing and
      in advance by the Disclosing Party.

            

    

     

    
      	
              12.  

            	
              Term.   This
      Agreement will be effective as of the date first set forth above (the
      “Effective
      Date”) and for a period of five years unless extended, or earlier
      terminated, in accordance with this Section 12. The period during which
      this Agreement is effective is referred to as the “Term.”

            

    

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	
              (a)  

            	
              Automatic
      Renewal.  Unless written notice is delivered by Party A
      to Party B at least sixty (60) calendar days before the end of the Term,
      as it may have been extended, the Term will be automatically extended for
      a further period of one (1) year. This automatic extension will continue
      to apply at the end of each extended period until this Agreement is
      terminated in accordance with this Section
12.

            

    

     

    
      	
              (b)  

            	
              Termination.   This
      agreement may be terminated by Party A at any time upon sixty (60)
      calendar days’ written notice to Party A, or by Party B at any time upon
      one hundred eighty (180) calendar days’ written notice to Party A after
      the ten years anniversary of the execution of the
    Agreement.

            

    

     

    
      	
              (c)  

            	
              Breach or
      Insolvency.   Any
      Party may terminate this Agreement immediately (a) upon the material
      breach by any other Party of that Party’s obligations hereunder and the
      failure of such Party to cure such breach within thirty (30) working days
      after written notice from the non-breaching Part(ies); or (b) upon the
      filing of a voluntary or involuntary petition in bankruptcy by another
      Party or of which such other Party is the subject, or the insolvency of
      the other, or the commencement of any proceedings placing the other in
      receivership, or of any assignment by the other for the benefit of
      creditors.

            

    

     

    
      	
              (d)  

            	
              Consequences
      of Termination.   Upon any effective date of any
      termination of this Agreement, (i) all Party A Materials and all copies of
      any Specifications will be returned to Party A; and (ii) all Product not
      purchased by Party A will be destroyed and not sold or transferred to any
      other party.

            

    

     

    
      	
              (e)  

            	
              Survival.   The
      provisions of Section 4, Section 9, Section 11 and Section 13 will survive
      any termination of this Agreement. Any amounts owing from any Party to any
      other Party on the effective date of any termination under the terms of
      this Agreement will continue to be due and owing despite such
      termination.

            

    

     

    
      	
              13.  

            	
              Miscellaneous.

            

    

     

    
      	
              (a)  

            	
              Dispute
      Resolution.   In the event of any dispute between
      them relating to the subject matter of this Agreement, the Parties will
      attempt in good faith to resolve any issues between them by friendly
      discussion and negotiation.

            

    

     

    
      	
              (b)  

            	
              No
      Partnership.  This Agreement does not establish either
      Party as an agent, partner, joint venturer, employee, servant, or legal
      representative of the other for any purpose whatsoever, and neither has
      the right to bind the other in any
way.

            

    

     

    
      	
              (c)  

            	
              Further
      Assurances.   Each Party will execute and/or cause
      to be delivered to each other Party such instruments and other documents,
      and will take such other actions, as such other Party may reasonably
      request (prior to, at or after the Closing) for the purpose of carrying
      out or evidencing any of the transactions contemplated by this
      Agreement.

            

    

     

    
      	
              (d)  

            	
              Fees and
      Expenses.   Each Party will bear its own expenses,
      costs and fees, including any legal fees, incurred in connection with the
      negotiation, execution and performance of its obligations under the
      Transactional Agreements.

            

    

     

    
      	
              (e)  

            	
              Notices.   Any
      notice or other communication required or permitted to be delivered to any
      Party will be in writing and will be deemed properly delivered, given and
      received upon dispatch by hand, registered mail, courier or express
      delivery service with receipt confirmed by signature of the addressee, to
      the address set forth beneath the name of such Party below (or to such
      other address as such Party may specify in a written notice given to the
      other Parties):

            

    

     

     

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
              If
      to Party A:

               

            	
              No.
      93 West Xinsong Road, Shunhe District, Kaifeng, Henan

               

            
	
                    With
      Copies to:

               

            	 
      
	
              If
      to Party B:

               

            	
              No.
      93 West Xinsong Road, Shunhe District, Kaifeng, Henan

               

            
	
                     With
      Copies to:

            	 
      

    

     

    
      	
              (f)  

            	
              Governing
      Law and Language.   This Agreement, including all
      matters of construction, validity and performance, will in all respects be
      governed by, and construed in accordance with, the laws of the People’s
      Republic of China (without giving effect to principles relating to
      conflict of laws).  This Agreement is written in the Chinese
      language, which will govern any interpretation of this
      Agreement.

            

    

     

    
      	
              (g)  

            	
              Interpretation.  Each
      Party acknowledges that it has participated in the drafting of this
      Agreement, and any applicable rule of construction to the effect that
      ambiguities are to be resolved against the drafting party may not be
      applied in connection with the construction or interpretation of this
      Agreement.

            

    

     

    
      	
              (h)  

            	
              Successors
      and Assigns; Parties in Interest.   Except as
      otherwise expressly provided herein, the provisions of this Agreement
      shall inure to the benefit of, and be binding upon, the successors,
      permitted assigns, heirs, executors and administrators of the
      Parties.

            

    

     

    
      	
              (i)  

            	
              Assignments,
      Successors, and No Third-Party Rights.   No Party
      may assign any of its rights or delegate any of its obligations under this
      Agreement without the written consent of any other Party purported to be
      bound thereby.

            

    

     

    
      	
              (j)  

            	
              Amendments.   This
      Agreement may not be amended, modified, altered or supplemented other than
      in a writing duly executed and delivered on behalf of all
      Parties.

            

    

     

    
      	
              (k)  

            	
              Waiver.   No failure or
      delay by any Party to exercise any right, power or remedy under this
      Agreement will operate as a waiver of any such right, power or
      remedy.

            

    

     

    
      	
              (l)  

            	
              Entire
      Agreement.   The Agreement set forth the entire
      understanding of the Parties relating to the subject matter thereof and
      supersedes all prior agreements and understandings, written or oral, among
      or between any of the Parties relating to the subject matter
      hereof.

            

    

     

    
      	
              (m)  

            	
              Counterparts.
      This Agreement may be executed in any number of counterparts. When each
      Party has signed and delivered to all other Parties at least one such
      counterpart, each of the counterparts will constitute one and the same
      instrument.

            

    

     

    [Remainder
of Page Intentionally Left Blank]

     

    

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the Parties have executed or caused to be executed and
delivered this Manufacturing and Supply Agreement as of the date first above
written.

     

    
      	
              “Party
      A”

              He
      Nan Kai Feng High Pressure Valve Co., Ltd.

               

              [SEAL]

               

              By:      _____________________________

              Print:

              Its
      Legal Representative

               

              Address:

              _____________________________

              _____________________________

              _____________________________

               

               

            	
              “Party
      B”

              Kai
      Feng High Pressure Valve Steel Casting Limited liabilities
      company

               

              [SEAL]

               

              By:      _____________________________

              Print:

              Its
      Legal Representative

               

              Address:

              _____________________________

              _____________________________

              _____________________________

               

               

            

    

    

     

    5EXHIBIT 10.1

SHARES FOR DEBT
AGREEMENT

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of  August 20, 2008, by and between NEWPORT
GOLD, INC., a Nevada corporation (the "Company"),
and  Lenore Neeb whose address is #908
Jumeriah Tower, Najda Street, Abu Dhabi, UAE ("Neeb"),
with reference to the following facts: 

RECITALS

WHEREAS, though an assignment agreement dated for
reference August 20, 2008, Derek Bartlett assigned U.S. $47,750 of the debt
owed to him by the Company to Neeb (“Bartlett Debt”);
and 

WHEREAS, though an assignment agreement dated for
reference August 20, 2008, Frank Hunnisett assigned U.S. $2,250 of the debt
owed to him by the Company to Neeb (together with the Bartlett Debt the "Debt Amount"); and

WHEREAS, the Company has agreed to issue to Neeb and Neeb
has agreed to accept 1,000,000 restricted shares of the Company's common stock
as complete settlement of the Debt Amount; 

NOW THEREFORE, in consideration of the mutual
covenants and promises contained herein, and for valuable consideration, the
receipt and sufficiency of which are hereby mutually acknowledged, the parties
to this Agreement (collectively "parties"
and individually a "party")
agree as follows: 

AGREEMENT

1.    
The Company agrees to issue to Neeb
and Neeb agrees to accept, 1,000,000 restricted shares of the Company's common
stock (the "Shares") as complete payment
and settlement of the Debt Amount and any and all other amounts due or accrued
to Neeb for the debt acquired from Derek Bartlett in the assignment agreement
dated August 20, 2008. 

2.    
Upon issuance of the Shares, Neeb's
hereby, for Neeb and all past and present agents, executors, administrators,
trustees, partners, representatives, controlled entities and affiliates,
successors and assigns, forever discharges and releases the Company and each of
its past and present employees, agents, representatives, controlled entities
and affiliates, successors and assigns from any and all claims, damages,
actions, judgments, obligations, attorneys' fees, indemnities, subrogations,
duties, demands, controversies and liabilities of every nature at law or in
equity, liquidated, or unliquidated, known or unknown, matured or unmatured,
foreseeable or unforeseeable, which Neeb's had or may have arising out of the
Debt Amount. 

3.    
This Agreement shall in all
respects be interpreted, enforced and governed under the laws of the State of Nevada.
The language and all parts of this Agreement shall be in all cases construed as
a whole according to its very meaning and not strictly for or against any
individual party. 

4.    
Solely for establishing that the
issuance of the Shares to Neeb, Neeb's is exempt from the registration
requirements of Section 5 of the Securities Act of 1933
(as amended, the "Securities Act")
and comparable provisions of state blue-sky laws, Neeb's represents and
warrants to Newport as follows:  

(a)    Neeb is a “non-U.S. person” as that term is defined in Regulation
S of the Securities Act, as set forth in Schedule A hereto. The transfer and
deemed sale of the Shares is to be completed in an offshore transaction, as
defined in Rule 902(h) of Regulation S of the Securities Act, as now in effect
and Neeb shall submit to Newport such further assurances of such status as may
be reasonably requested by Newport.

1

(b)  
Neeb is not acquiring the Shares
for the account or benefit of a U.S. person.

(c)  
Neeb was not in the United States
at the time the offer to purchase the Shares was received or at the time this
Agreement was executed.

(d)  
Neeb understands and agrees to
resell the Shares only in accordance with the provisions of Regulation S,
pursuant to registration under the Securities Act or pursuant to an exemption
from registration under the Securities Act.

(e)  
Neeb acknowledges that Newport and
its transfer agent are required to refuse to register any sale of the Shares
unless the transfer is in accordance with the provisions of Regulation S,
pursuant to registration under the Securities Act or pursuant to an exemption
from registration under the Securities Act. 

(f)   
Neeb agrees not to engage in
hedging transactions with regards to the securities purchased unless in compliance
with the Securities Act. 

(g)  
Neeb's understands and agrees that
the certificate evidencing the Shares shall be endorsed with the legend in
substantially the form set forth below:  

"THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
"1933 ACT") OR OTHER APPLICABLE SECURITIES LAWS. THESE SECURITIES
HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE
AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) IN
ACCORDANCE WITH THE PROVISIONS OF REGULATIONS S, RULE 901 THROUGH RULE 905, AND
PRELIMINARY NOTES UNDER THE 1933 ACT OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM
THE REGISTRATION REQUIREMENTS OF THE 1933 ACT OR (3) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT
BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT."

        (h)  
In addition to the foregoing, Neeb's
hereby makes all of the investment representations set forth on Exhibit A
attached hereto, which are incorporated by reference herein. 

5.    
This Agreement memorializes and
constitutes the entire agreement and understanding among the parties regarding
the subject matter hereof, and supersedes all prior negotiations, proposed
agreements and agreements, whether written or unwritten. The parties
acknowledge that no other party, nor any agent or attorney of any other party,
has made any promises, representations, or warranties whatsoever, expressly or
impliedly, which are not expressly contained in this Agreement, and the parties
further acknowledge that they have not executed this Agreement in reliance upon
any collateral promise, representation, warranty, or in reliance upon any
belief as to any fact, or matter, not expressly recited in this Agreement. 

6.    
The parties shall hereafter
execute all documents and do all that is necessary, convenient or desirable in
the reasonable opinion of the other party to effect the provisions of this
Agreement. 

2

7.    
For the convenience of the parties
to this Agreement, this document may be executed by facsimile signatures and in
counterparts which shall together constitute the agreement of the parties as
one and the same instrument. It is the intent of the parties that a copy of
this Agreement signed by any party shall be fully enforceable against that
party. 

8.    
Should any provision of this
Agreement be declared or determined by any court to be illegal or invalid, the
validity of the remaining parts, terms or provisions shall not be affected
thereby and, in lieu of such illegal or invalid provision, there shall be added
a provision as similar in terms and amount to such illegal or invalid provision
as may be possible and, if such illegal or invalid provision cannot be so
modified, then it shall be deemed not to be a part of this Agreement.  

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

NEWPORT GOLD, INC.

 

By:_________________________________

                Derek
Bartlett. CEO

___________________________________

Lenore Neeb

3

SCHEDULE A

DEFINITION OF U.S.
PERSON

A “U.S. Person” is defined by Regulation S
of the Act to be any person who is:

(a)     any natural person resident in the
United States;   

(b)     any partnership or corporation
organized or incorporated under the laws of the United States;     

(c)     any estate of which any executor
or administrator is a U.S. person;      

(d)     any trust of which any trustee is
a U.S. person;     

(e)     any agency or branch of a foreign
entity located in the United States;      

(f)      any non-discretionary account or
similar account (other than an estate or trust) held by a dealer or other
fiduciary organized, incorporate, or (if an individual) resident in the United
States; and

(g)     any partnership or corporation if:

                      i.            organized or incorporated under
the laws of any foreign jurisdiction; and

                     ii.            formed by a U.S. person
principally for the purpose of investing in securities not registered under the
Act, unless it is organized or incorporated, and owned, by accredited
Subscribers [as defined in Section 230.501(a) of the Act] who are not natural
persons, estates or trusts.

4

EXHIBIT A

INVESTMENT
REPRESENTATION STATEMENT

In connection with the purchase of Shares, I, the
undersigned, represent to the Company as follows: 

1.     The Company
May Rely on These Representations. I understand that the Company's
sale of the shares to me has not been registered under the Securities
Act of 1933, as amended, (“Securities
Act”) because the Company believes, relying in part on my
representations in this document, that an exemption from such registration
requirement is available for such sale. I understand that the availability of
this exemption depends upon the representations I am making to the Company in
this document being true and correct.

2.     I am
Purchasing for Investment. I am purchasing the shares solely for
investment purposes, and not for further distribution. My entire legal and
beneficial ownership interest in the shares is being purchased and shall be
held solely for my account, except to the extent I intend to hold the shares
jointly with my spouse. I am not a party to, and do not presently intend to
enter into, any contract or other arrangement with any other person or entity
involving the resale, transfer, grant of participation with respect to or other
distribution of any of the shares. My investment intent is not limited to my
present intention to hold the shares for the minimum capital gains period
specified under any applicable tax law, for a deferred sale, for a specified
increase or decrease in the market price of the shares, or for any other fixed
period in the future.

3.     I Can
Protect My Own Interests. I can properly evaluate the merits and
risks of an investment in the shares and can protect my own interests in this
regard, whether by reason of my own business and financial expertise, the
business and financial expertise of certain professional advisors unaffiliated
with the Company with whom I have consulted, or my preexisting business or
personal relationship with the Company or any of its officers, directors or
controlling persons.

4.     I am
Informed About the Company. I am sufficiently aware of the Company's
business affairs and financial condition to reach an informed and knowledgeable
decision to acquire the shares. I have had opportunity to discuss the plans,
operations and financial condition of the Company with its officers, directors
or controlling persons, and have received all information I deem appropriate
for assessing the risk of an investment in the shares.

5.      I Recognize
My Economic Risk. I realize that the purchase of the shares involves
a high degree of risk, and that the Company's future prospects are uncertain. I
am able to hold the shares indefinitely if required, and am able to bear the
loss of my entire investment in the shares.

6.      I am
Familiar with Regulation S. 
I am familiar with Regulation S and understands that the Shares:

(a)    have not been registered under the Act, 

(b)   will be issued in reliance on
Regulation S and, therefore, cannot be sold or transferred except in compliance
with Regulation S unless they are subsequently registered under the Act or another
exemption from such registration is available, and 

(c)   are subject to resale restrictions as set
forth in Section 2.9 of this Agreement and the Investor may not be able to
liquidate its investment in the event of an emergency or pledge the Shares as
collateral security for loans. In this connection, the Investor represents that
it is familiar with Regulation S as currently in effect, and understands the
resale limitations imposed thereby and by Section 4 of the Shares for Debt
Agreement. I acknowledge and understand that the Company's reliance upon such
exemptions under Regulation S is predicated in part on my representations
contained herein. 

1

I confirm I am:

(d)    not a U.S. person (as that term is
used in Regulation S), 

(e)    not located in the U.S., 

(f)     acquiring the Shares in an
offshore transaction, 

(g)    not acquiring the Shares for the
account or benefit of any U.S. person, 

(h)    not offering or have agreed to sell, and
will not offer or sell the Shares (including by any short sale, put or sale of
a call) in the United States or to or for the account or benefit of any U.S.
person; and

(i)     not interested in and will not
engage in a hedging transactions with regards to the Shares unless in
compliance with the Securities Act.

7.     I am
Familiar With Rule 144. I am familiar with Rule 144 adopted under
the Securities Act, which in some circumstances permits limited public resales
of "restricted securities" like the shares acquired from an issuer in
a non-public offering. I understand that my ability to sell the shares under
Rule 144 in the future is uncertain, and will depend upon, among other things:
(i) the availability of certain current public information about the Company;
(ii) the resale occurring more than one year after my purchase and full payment
(within the meaning of Rule 144) for the shares; and (iii) if I am an affiliate
of the Company, or a non-affiliate who has held the shares less than two years
after my purchase and full payment:

(a)     the sale being made through a
broker in an unsolicited "broker's transaction" or in transactions
directly with a market maker, as said term is defined under the Securities
Exchange Act of 1934, as amended, 

(b)     the amount of shares being sold
during any three month period not exceeding the specified limitations stated in
Rule 144, and 

(c)     timely filing of a notice of
proposed sale on Form 144, if applicable.

8.     I Know Rule
144 May Never be Available. I understand that the requirements of
Rule 144 may never be met, and that the shares may never be saleable. I further
understand that at the time I wish to sell the shares, there may be no public
market for the Company's stock upon which to make such a sale, or the current
public information requirements of Rule 144 may not be satisfied, either of
which would preclude me from selling the shares under Rule 144 even if the
one-year minimum holding period had been satisfied.

9.     I Know I am
Subject to Further Restrictions on Resale. I understand that in the
event Rule 144 is not available to me, any future proposed sale of any of the
shares by me will not be possible without prior registration under the
Securities Act, compliance with some other registration exemption (which may or
may not be available), or each of the following:

(a)     my written notice to the Company
containing detailed information regarding the proposed sale, 

(b)     my providing an opinion of my
counsel to the effect that such sale will not require registration, and 

(c)     the Company notifying me in
writing that its counsel concurs in such opinion. I understand that neither the
Company nor its counsel is obligated to provide me with any such opinion. I
understand that although Rule 144 is not exclusive, the Staff of the SEC has
stated that persons proposing to sell private placement securities other than
in a registered offering or pursuant to Rule 144 will have a substantial burden
of proof in establishing that an exemption from registration is available for
such offers or sales, and that such persons and their respective brokers who
participate in such transactions do so at their own risk.

10.    I Know I May
Have Tax Liability Due to the Uncertain Value of the Shares. I
understand that the Board of Directors believes its valuation of the shares
represents a fair appraisal of their worth, but that it remains 

2

        possible that, with the benefit of
hindsight, the Internal Revenue Service may successfully assert that the value
of the shares on the date of my purchase is substantially greater than the
Board's appraisal. I understand that any additional value ascribed to the
shares by such an IRS determination may constitute ordinary income to me as of
the purchase date, and that any additional taxes and interest due as a result
will be my sole responsibility payable only by me, and that the Company need
not and will not reimburse me for that tax liability. 

11.    Agreement.
By signing below, I acknowledge my agreement with each of the statements
contained in this Investment Representation Statement as of the date first set
forth above, and my intent for the Company to rely on such statements in
issuing the shares to me. 

Dated for reference as of: August 20, 2008

 

___________________________________ 

Lenore Neeb

3

EXHIBIT B

R E L E A S E

KNOW ALL MEN BY THESE PRESENTS that in
consideration of the total payment of 1,000,000
shares  of Common Stock (the
“Shares”) in the capital stock of Newport Gold, Inc.
(“Newport”) Lenore Neeb (the “Releasor”)
(the receipt of all which is hereby acknowledged), the Releasor DOES HEREBY
REMISE RELEASE AND FOREVER DISCHARGE Newport
and any of its successors and assigns, directors, officers, employees, or
agents (collectively, the “Releasees”) of and from any
and all manner of actions, causes of actions, suits, debts, contracts, claims,
demands, damages and obligations to pay anything (including without
limitations, money, expense allowances, sales commissions, shares of warrants)
of any nature of kind whatsoever which any of the Releasors have or at any time
hereafter can, shall or may have, for or by reason of, or arising out of any
cause, matter or thing whatsoever occurring or existing up to and inclusive of
the date of these presents and in particular, but DO HEREBY REMISE, RELEASE AND
FOREVER DISCHARGE the Releasees of and from any claims and demands of any
nature of kind whatsoever which any of the Releasors now have or at any time
hereafter can, shall or may have, for or by reason of, or arising out of any
agreements, whether written or verbal, between any of the Releasors and
Releasees in respect of the debt of $50,000
owed by Newport to the Releasor as evidenced by Schedule “A” to
this Release.

AND IT IS UNDERSTOOD AND AGREED that the
Releasors will neither jointly or separately make any claim or claims or take
any proceedings against any person, corporation, partnership or partly might
result in a claim for contribution or indemnity from any of the Releases and if
any of the Releasors make such a claim or take such proceedings then each of
the Releasors jointly and separately covenants and agrees to save harmless and
indemnify each of the Releases of any from any and all liabilities, damages,
interest, costs (including legal fees and disbursements as between legal
counsel and own client), expenses and compensation of whatsoever kind in
respect of any such claim for contribution and indemnify or otherwise.

IT IS FURTHER UNDERSTOOD AND AGREED that
this is a compromise settlement of a disputed claim and that the consideration
for this Release shall not be deemed to be or be construed as an admission of
liability by the Releasees to the undersigned.

The Releasors have consulted with and been
advised by their legal counsel before entering into the settlement herein
contained and the board of directors thereof have duly considered and
authorized the execution of this Release by way of resolutions attached hereto
and warrants that the signatory hereto is of full capacity and has the
authority to execute and deliver this Release, and that the Releasors have not
been influenced to any extent whatsoever in making this Release by any
representations or statements regarding the said loss or damaged or regarding
any other matters made by any of the parties who will be released or by any
person or persons representing the parties who will be released.  Further,
the Releasors understand and agree that no representations, warranties or
covenants are being made as to (1) the past, present or future value of the
Shares, or the business or as to the future viability of China Granite.
According, the Releasors waive their right to make any claim against the
Releases.

IN WITNESS WHEREOF the Releasors have duly
executed this Release effective as of August 20, 2008. 

Per: Authorized Signatory

Print Name: Lenore Neeb 

1

EXHIBIT C

ACKNOWLEDGEMENT OF DEBT HOLDER

TO: Newport
Gold, Inc. (“Newport”)

The undersigned, Lenore Neeb, (“Debt Holder”)
hereby acknowledge that:

	this
     Acknowledgement is given in connection with the Shares for Debt Conversion
     Agreement with between Newport and Debt Holder, whereby the Debt Holder is
     to receive 1,000,000 shares of common stock of Newport as full
     satisfaction of $50,000 (the “Debt”)
     owed to the Debtholder by Newport.
	the
     debt of $50,000 owed is a bona fide, accrued debt of Newport;
	the
     undersigned  has been informed
     and fully understand that by accepting shares of Newport in satisfaction
     of the Debt the Debtholder will become a shareholder of Newport and may
     receive less proceeds in the event of dissolution or liquidation of the
     assets of Newport than it would receive by remaining a creditor of
     Newport;
	Debtholder
     has been informed and fully understand it will receive restricted
     securities issued in reliance on applicable exemptions to the securities
     laws in United States and as a consequence:

	Debtholder will not have certain protections, rights
      and remedies provided under the securities laws to purchasers of shares
      distributed by way of prospectus, including statutory rights of
      rescission and damages;
	Debtholder may not receive information that would
      otherwise be required to be provided to it under applicable securities
      laws;
	Newport is relieved of certain obligations that would
      otherwise apply under securities laws; and
	resale of the securities received is restricted for a
      certain period of time;

 	Debtholder
     has been informed and fully understand that it may seek independent legal,
     accounting or financial advice as to the merits of accepting securities in
     satisfaction of the debt.

DATED for reference this 20th day of August,
2008.

	

  	
   	
  LENORE NEEB

  

  

  

  

  

  
	
  Witness: __________________________

  	
   	
  Signature of Debt Holder

  
	
                
  Print Name

  	

   	

  
	
   

  	

   	

  
	
  Print Address

  	

   	

  
	
   

  	

   	

  

1

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