Document:

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Loan Agreement

[Unofficial Translation]

Contract No.   2010 No.1

Loanee: Zhaoyuan Shuangji Co., Ltd. (“Party A”)

Domicile: No. 221 Linglong Rd, City of Zhaoyuan

Legal Representative: Wenji Song

Account Bank:

Account No.:

Telephone:  0535-8213217     Post Code: 265400

Fax: 0535-8231341

Loaner: Jiping Wen (“Party B”)

Domicile: Development Zone, City of Zhaoyuan

Account Bank:

Account No.:

Telephone: 0535-8361018     Post Code: 265400

Fax: 0535-8361005

Contract Place: Hengzhang Wenjia Village, Development Zone, City of Zhaoyuan, Shandong Province

Contract Date: June 21st, 2010

Party A enters into this Loan Agreement with Party B due to a need of capital for a cement factory construction project. In compliance with relevant laws and regulations, upon the consent of both parties, this Agreement sets forth the rights and obligations of both parties.

I. Use of the Loan: 

The loan Party A acquired from Party B cannot be used for any purpose other than acquiring land, building infrastructure and purchasing equipments for the new cement factory. 

II. Amount: RMB 25,000,000

III. Term: Ten years. 

Upon the execution of this Agreement, Party B shall release the loan according to Party A’s Plan of Use. Interest is calculated from January 1st, 2011 to December 31st, 2020.

IV. Interest Rate, Interest Amount, Payment Term and Payment Method

1. Interest rate: 10%

2. Term of interest payment: the interest is paid every year by two installments due on June 30th and December 31st. 

3. Payment method: Interest is paid in cash or check. Party B shall provide receipt after receiving the payment from Party A.

V. Guaranty of Performance

1. Upon the prerequisite of Party B releasing the full amount of the loan, Party A guarantees to complete the construction of the new factory in four months from the execution date of this Agreement.

2. If Party A is not able to make full interest payment to Party B in two consecutive years, Party A must pay an overdue fine (10% of the interest) to Party B. 

VI. Liabilities for Breach of This Agreement

This agreement becomes effective and legally binding to both parties upon the execution by both parties. Neither party can terminate this Agreement unless for the event of force majeure. Otherwise, the breaching party bears the loss caused to the other party. 

VII. Any amendment and supplement to this Agreement shall be made y both parties in writing. The amendment and supplement duly executed by each party shall be deemed an integral part of this Agreement and shall have the same legal effect as this Agreement. 

VIII. Any dispute arising from the performance of this Agreement shall be resolved through negotiation by both parties. Where negotiation fails, any party is entitled to launch a lawsuit to the People’s Court of Zhaoyuan City. 

IX. This Agreement becomes effective upon the execution by representatives of both parties.

X. This Agreement shall be made in three counterparts. Each party keeps one counterpart and the third one is kept with the Notary. 

XI. Upon the execution of this Agreement, Party A shall provide Party B an approved shareholders’ resolution from shareholders who are entitled to more than two-thirds of voting rights. The resolution should be enclosed as attachment of this Agreement. 

Representative of Loanee: 

/s/ Wenji Song

Name: Wenji Song 

Representative of Loaner: 

/s/ Jiping Wen

Name: Jiping Wenex10-1.htm

Exhibit 10.1

Net Profits Ten Inc.

5348 Vegas Drive, Suite 141Las Vegas, NV 89108.

Phone Number: 209-694-4885

 

Agreement

This is a legal and binding contract

 

BETWEEN:

 Net Profits Ten Inc. (Hereinafter referred to as NPT)

AND:

 

The Programmer                      (Hereinafter referred to as the PR)

 

Name: Yu Heng Zhou

Address: 110-225 Mowat St. New Westminster

Social insurance number: 740707468

(NPT and the PR are hereinafter collectively referred to as the “Parties”)

PREAMBLE

 

WHEREAS IM wishes to enter into this agreement with the PR on the payments for the finished program (the software) known as "Mill Yearbook” which is owned by Net Profits Ten Inc and, to have the registration management website finished and working.

 

WHEREAS the PR wishes to enter into this agreement after having been informed of NPT’s policies and conditions with regard to the software and the website.

 

WHEREAS the Parties wish to evidence their agreement in writing.

 

WHEREAS the Parties have the capacity and powers to enter into and perform the undertakings set forth in this Agreement.

THE PARTIES AGREE AS FOLLOWS:

 

1.00 PREAMBLE

 

The preamble hereto shall form an integral part hereof.

2.00 OBJECT

 

2.01 Position Title

 

NPT hereby enters this agreement with the PR to work on and complete the program called "Mill Yearbook" Creator and the registration management website for which the PR will receive payments (see 3.01 payments).

2.02 PR’s Main Duties and Responsibilities

 

The PR’s main duties and responsibilities shall be as follows:

 

See appendix 1 for details...

 

2.03 NPT Main Duties and Responsibilities

 

The NPT’s main duties and responsibilities shall be as follows:

 

See appendix 2 for details...

  

-1-

  

Net Profits Ten Inc.

5348 Vegas Drive, Suite 141Las Vegas, NV 89108.

Phone Number: 209-694-4885

 

3.00 CONSIDERATION

 

3.01 Payment

 

	
1.

	
NPT shall pay the PR $3,500 Monday June 14, 2010. This is the payment for all the work PR has done for NPT as of June 14, 2010.

 

	
2.

	
NPT shall pay the PR $4,500 for the work described in Appendix 1. The time for this payment must be no later than December 1, 2010.

PR commitment:

 

Provide to NPT the software working and ready for sale on visual basic 6 and the registration management website ready to launch on Asp.NET and SQL Server2000 not later than December 1, 2010.

 

In the case that PR does not have the software and website ready on time, NPT retains the right to not pay the additional $4,500 until the software is ready and tested.

	
/s/ Gilad David

	
/s/ Yu Heng Zhou

	
Net Profits Ten Inc.

	
Yu Heng Zhou

 

 

Dated 14,6,2010

  

-2-

  

Net Profits Ten Inc.

5348 Vegas Drive, Suite 141Las Vegas, NV 89108.

Phone Number: 209-694-4885

 

Appendix 1:

	
1.

	
Fix all incorrect performances in the software built using VB6. The software will function correctly in all aspects of operations. However based on the limitation of Visual Basic 6, some special effects may not be enabled.

 

	
2.

	
Add “About” window into the software which will show registration statue and some other information.

 

	
3.

	
PR is responsible for bugs regarding the parts of the software and website developed by PR.

 

	
4.

	
Realize the details of designing for military registration as follows:

 

	
  

	
a)

	
User can download demo version software from website.

 

	
  

	
b)

	
Demo version software will be limited on some functions and/or with using time limit, (example: not able to burn CD from demo software) before user registration and activation.

 

	
  

	
c)

	
Users will be asked to input their military information when they using the limited function in demo version software. After user input, the software will guide them to the registration website. At this time, the website will receive user’s information automatically and put it into customers list. The website will explain how to purchase, register, get registration key, and unlock those locked functions.

 

	
  

	
d)

	
After user purchased the software, NPT can change this user’s status via website, and server will send registration key to this user in email.

 

	
  

	
e)

	
User can active the software using this registration key. Demo version software will become standard version and no function limit after activation.

 

	
  

	
f)

	
The registration management system on the website includes: web pages for downloads, admin login, customer list, customer information edit, customer information automatic receiver, payment record, customer login, and registration key generator.

Appendix 2:

	
1.

	
NPT shall obtain the Copyright of the development platform.

 

	
2.

	
NPT may discuss with PR about additional functions or modification of the current functions (as described in Appendix 1) regarding the software and website. However PR may refuse additional work or demand more payment upon the additional work.

 

	
3.

	
NPT must provide all concerning text, web layout design, and pictures.

 

	
4.

	
NPT shall outsource the part of the software developed based on AutoPlay Media Studio.

 

	
5.

	
NPT shall provide appropriate Server which will support ASP.Net 2.0 and SQL sever 2000 for the registration management website.

 

	
6.

	
NPT is responsible for the maintenance and customer support for the software and website.

  

-3-ex10-43.htm

Exhibit 10.43

 

 

AGREEMENT OF SETTLEMENT AND RELEASE

         THIS AGREEMENT OF SETTLEMENT AND RELEASE (hereinafter, the "Agreement") dated June 24, 2010, is  made  and  entered  into  by  and  between  GENERAL ENVIRONMENTAL MANAGEMENT, INC., a Nevada corporation ("GEM"), GEM ENVIRONMENTAL MANAGEMENT, INC., a Nevada corporation ("Purchaser"), CALIFORNIA LIVING WATERS, INCORPORATED (“CLW”), SANTA CLARA WASTE WATER COMPANY ("SCWW"), UNITED STATES ENVIRONMENTAL RESPONSE, LLC, a California limited liability company (“USER”), DOUGLAS B. EDWARDS, an individual currently residing in California (“DBE”), FORNEY FAMILY UNITRUST, a California trust (“FFU”), NUESTROS SUENOS, S.A., a Guatemalan Sociedad Anonima (“NSSA”), GARY S. EDWARDS, an individual currently residing in California (“GSE”), and CHARLES MUNDY, an individual currently residing in California (“CM”), and UNITED STATES ENVIRONMENTAL RESPONSE, LLC, a California limited liability company ("Receiving Agent").  GEM, Purchaser, CLW, SCWW, USER, DBE, FFU, NSSA, GSE, CM, and Receiving Agent are sometimes collectively referred to herein as the "Parties".

RECITALS

          This Agreement is made with reference to the following facts:

         A.  On or about  November 6, 2009, the Parties entered into a Stock Purchase Agreement ("SPA") pursuant to which USER sold to Purchaser, all of the issued and outstanding shares of CLW (the “CLW Shares") in exchange for:

 

 (i) six promissory notes (individually a "Note" and collectively, the "Notes") in the aggregate principal amount of $9,003,000, as set forth below in Section (a) through (f) of this Section A(i), delivered to USER as principal and as "Agent" as such term is defined in Notes One through Five, and (ii) Warrants (the "Warrants") to purchase 425,000 shares of GEM common stock in the form of the Warrants.  The Notes were issued as follows:

 

(a) a $2,000,000 promissory note payable to the order of USER.

(b) a $1,700,000 promissory note payable to the order of  FFU (“Note One”)

(c) a $1,100,000 promissory note payable to the order of NSSA (“Note Two”).

(d) a $425,000 promissory note payable to the order of CM (“Note Three”). .

(e) a $1,600,000 promissory note payable to the order of GSE (“Note Four”).

(f) a $2,178,000 promissory note payable to the order of DBE (“Note Five”).

 

  

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B. As security of the payment of the Notes, the Parties entered into a Security Agreement dated November 6, 2009, pursuant to which Purchaser pledged the CLW Shares as security for the payment of the Notes and GEM entered into certain obligations.

C. On March 1, 2010 Purchaser paid $250,000 to USER.

 

D. On April 23, 2010, the Security Agreement was amended by an Amended Security Agreement (the "Amended Security Agreement").

E. Purchaser is in default on the payment of the Notes and GEM is in default under, inter alia, various obligations under the Amended Security Agreement.

F. On June 14, 2010, pursuant to the Amended Security Agreement, Purchaser and GEM were informed that on the morning of June 14, 2010, had sold the CLW Shares .

 

G. The Parties wish to settle their current and future claims and disputes and issue mutual general releases.

Certain Definitions.

"CLW Parties" means, jointly and severally, CLW, SCWW, USER, DBE, FFU, NSSA, GSE, CM, and Receiving Agent, and each of their respective predecessors and successors in interest, if any, and each of the foregoing’s respective past, present and future agents, managers, officers, directors, tax representatives, shareholders, employees, attorneys, accountants, assigns, subsidiaries, parent companies, affiliates, and  representatives.

“GEM Parties” means, jointly and severally, GEM and GEMEM, and each of their respective predecessors and successors in interest, if any, and each of the foregoing’s respective past, present and future agents, managers, officers, directors, tax representatives, shareholders, employees, attorneys, accountants, assigns, subsidiaries, parent companies, affiliates, and  representatives.

 

AGREEMENT AND RELEASE

         For and in  consideration  of the mutual promises,  covenants,  and releases set forth herein,  and other good, valuable and sufficient consideration,  the Parties hereto agree as follows:

         1. No Admission of Liability. This Agreement does not constitute an admission by any Party of liability or responsibility to any other.

         2. Avoidance of Litigation and Arbitration.  Each Party acknowledges that its acknowledgements, promises,  covenants, and releases set forth herein is in consideration of this Agreement and is given for the purpose of avoiding the costs and expenses of legal proceedings and may be relied upon by, and inure to the benefit of, the CLW Parties and the GEM Parties.

 

  

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         3. Certain Other Consideration:

           

a.  Release By GEM  Parties.  The GEM Parties signatory hereto for themselves, and for each of their predecessors,  successors, past and present  assigns, officers,  directors, and other agents, do hereby release and absolutely discharge, and indemnifies and covenants not to sue,  the CLW Parties from and against any and all claims, debts,  liabilities,  demands,  obligations, promises,  acts,  omissions, agreements, instruments, accounts,  accountings,  reckonings,  costs,  and expenses  (including,  but not limited to, attorneys' fees and costs),  damages, liens,  judgments,  actions  and  causes of  action,  of every  kind and  nature whatsoever,  at law or in equity,  known or unknown,  suspected or  unsuspected, which the GEM Parties ever had, or now has, or may hereafter have (whether arising out of existing or future acts or omissions by any of the CLW Parties) against the CLW  Parties,  which  arose, are arising or will hereafter arise out of,  or are in  connection  with,  the SPA, the Security Agreement, the Notes, the Amended Security Agreement and any ancillary agreements thereto with the exception of the GEM Parties' rights and obligations under this Agreement, and with the further exception of the Employment Agreement between GEM and DBE, which Employment Agreement is terminated pursuant to a separate Release Agreement of even date between GEM and DBE.

              b.  Release  By  CLW Parties. The CLW Parties signatory hereto for themselves, and for each of their predecessors,  successors, past and present  assigns, officers,  directors, and other agents, do hereby release and absolutely discharge, and indemnifies and covenants not to sue,  the CLW Parties from and against any and all claims, debts,  liabilities,  demands,  obligations, promises,  acts,  omissions, agreements, instruments, accounts,  accountings,  reckonings,  costs,  and expenses  (including,  but not limited to, attorneys' fees and costs),  damages, liens,  judgments,  actions  and  causes of  action,  of every  kind and  nature whatsoever,  at law or in equity,  known or unknown,  suspected or  unsuspected, that the CLW Parties ever had, or now has, or may hereafter have (whether arising out of existing or future acts or omissions by any of the GEM Parties) against the GEM  Parties,  which  arose, are arising or will hereafter arise out of,  or are in  connection  with,  the SPA, the Security Agreement, the Notes, the Amended Security Agreement and any ancillary agreements thereto with the exception of the CLW Parties' rights and obligations under this Agreement, and with the further exception of the Employment Agreement between GEM and DBE, which Employment Agreement is terminated pursuant to a separate Release Agreement of even date between GEM and DBE.

              c. Express Waiver Re Civ. Code 1542.  Subject to the scope of the  foregoing,  the Parties  expressly understand and agree that this Agreement fully releases and resolves the matters released and discharged in Paragraphs 3a and 3b,  including  those which may be unknown,  unanticipated  and/or  unsuspected, and hereby expressly waive all benefits under California Civil Code Section 1542,  as well as under any other  statutes or common law  principles of similar effect, to the extent that such benefits may contravene the release set forth in this  Paragraph.  The Parties  hereby  acknowledge  that  they  have  read  and understood Section 1542, which provides as follows:

 

  

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              A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING  THE  RELEASE,  WHICH  IF  KNOWN  BY HIM  MUST  HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

 

              d) Return of Warrants.  DBE shall return 284,750 of the Warrants to GEM and GSE shall return of the 140,250  Warrants to GEM and the Warrants shall be cancelled.

         4. Representations and Warranties. The Parties represent and warrant to and agree with each other as follows:

              a. Each Party has received, or has had full opportunity and time to have received, independent legal advice from attorneys of its choice with respect to the  advisability of entering into this Agreement and of giving any release by such Agreement.

 

             b. In connection with the execution of this Agreement or the making of the settlement provided for herein, no Party to this Agreement has relied upon any statement, representation or promise of any other Party not expressly contained herein.

              c. This Agreement contains the entire agreement of the Parties hereto.  There are no agreements or understandings between the Parties hereto relating to the matters and releases referred to in this Agreement other than as set forth in this Agreement.

              d.  All  Parties  hereto  and  their   counsel, if any, have  made  such investigation of the facts  pertaining to the releases  contained herein as they deem necessary.

              e. The terms of this Agreement are contractual and are the result of negotiation among the Parties.  Each Party has cooperated in the drafting and preparation of this Agreement. This Agreement is the final written expression and the complete and exclusive statement of all of the agreements, conditions, promises, representations and covenants between the Parties with respect to the subject matter of this  Agreement. This Agreement replaces and supersedes all prior, former or  contemporaneous  agreements,  negotiations,  understandings, representations, discussions or warranties between and among the Parties, their respective representatives, and any other person or entity, with respect to the subject matter of this Agreement. In any construction to be  made of this Agreement, the same shall not be construed against any Party, and the canon of contractual interpretation set forth in California Civil Code Section 1654 shall not be applied.

 

  

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              f. This Agreement has been carefully read by each of the Parties and the contents  thereof are known and understood by each of the Parties.  This Agreement is signed freely by each Party executing it.

 

         5. Modifications.  This Agreement may not be amended, canceled, revoked or  otherwise  modified  except by written  agreement  subscribed  by all of the Parties to be charged with such modification.

         6. Severability.  In the event any provision of this Agreement shall be held to be void, voidable or unenforceable, the remaining provisions shall remain in full force and effect.

 

         7. Governing Law and Arbitration. This Agreement shall be construed in accordance with, and be governed by, the laws of the State of California.  Arbitration of Disputes

 

(a) Arbitrable Disputes:  The Parties agree to resolve any claims we may have with each other (except, if any Party  so elects, any dispute for which injunctive relief is a principal remedy) through final and binding arbitration in accordance with this section.

 

(b) The Arbitration:  The arbitration shall be in accordance with the then-current arbitration rules and procedures governing arbitrations administered by the Judicial Arbitration and Mediation Service (JAMS), except as provided in this section.  The arbitrator shall determine his or her decision ex aequo et bono with reference to this Agreement and the broad intended scope hereof. Arbitration shall take place in Los Angeles County before an experienced business arbitrator licensed to practice law in that California.  The arbitrator may not modify or change this Release in any way.  The Parties and any other party who agrees to arbitrate an Arbitrable Dispute under this section agree to submit to personal jurisdiction in California and in any jurisdiction necessary for the enforcement of any arbitration award.

 

(c) Selection of the Arbitrator:  The arbitrator shall be selected as follows:  JAMS shall give each Party a list of 11 arbitrators drawn from its panel of employment dispute arbitrators.  Each Party may strike all names on the list it deems unacceptable.  If only one common name remains on the lists of both parties, that individual shall be designated as the Arbitrator.  If more than one common name remains on the lists of both parties, the Parties shall strike names alternately from the list of common names until only one remains.  The Party who did not initiate the claim shall strike first.  If no common name exists on the lists of both parties, JAMS shall furnish an additional list and the process shall be repeated.  If no arbitrator has been selected after two lists have been distributed, then the Parties shall strike alternately from a third list, with the party initiating the claim striking first, until only one name remains.  That person shall be designated as the arbitrator.  Striking decisions must be made and communicated to the other Party and JAMS within 10 calendar days after the date of the transmittal communication relaying the arbitrators remaining for selection.  In the event a Party does not make a timely strike, the other party may select the arbitrator from the names remaining.

 

  

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(d) Attorneys Fees and Expenses:  Each Party shall pay the fees of his or her attorneys, the expenses of his or her witnesses, and any other expenses that party incurs in connection with the arbitration, but all costs of the arbitration itself, including the fees of the arbitrator, the cost of any record or transcript of the arbitration, administrative fees, and other fees and costs shall be paid in equal shares by the plaintiffs and defendants.  At my written request and on a showing of substantial hardship, the Company shall advance all or a portion of my share of those arbitration costs to the extent they would exceed the out-of-pocket costs I would have incurred in a lawsuit.  The party losing the arbitration shall reimburse the party who prevailed for all attorneys’ fees and expenses the prevailing party paid pursuant to this subsection (d), except to the extent prohibited by a statute under which the dispute has been brought.

 

(e) Exclusive Remedy:  Arbitration in this manner shall be the exclusive remedy for any claim that must be arbitrated pursuant to this section.  Should I or the Company attempt to resolve such a claim by any method other than arbitration pursuant to this section, the responding party will be entitled to recover from the initiating party all damages, expenses, and attorneys’ fees incurred as a result of that breach.

 

         8. Warranty of Authority.  Each Party whose signature is affixed hereto in a representative capacity  represents and warrants that he or she is authorized to execute this Agreement on behalf of and to bind the entity on whose behalf his or her signature is affixed. In the event that there is a breach of any representation or warranty of authority to execute this Agreement, the Parties shall indemnify and hold harmless one another from any and all loss or damage, including  reasonable  attorneys'  fees,  incurred  as result of the breach of such representation and warranty.

         9. Counterparts.  This  Agreement  may be  executed  in  one or  more counterparts,  each of which when executed and  delivered  shall be an original, and all of which when executed  shall  constitute  one and the same  instrument. Facsimile  signatures on this  Agreement,  or any counterpart of this Agreement, shall have the same force and effect as original signatures.

 

       10.  Attorneys'  Fees.  All Parties hereto agree to pay their own costs and  attorneys'  fees  except  that,  in the  event  any  action,  suit or other proceeding is  instituted  to remedy,  prevent or obtain relief from a breach of this  Agreement,  arising out of a breach of this  Agreement,  involving  claims within the scope of the releases contained in this Agreement, or pertaining to a declaration of rights under this Agreement,  the prevailing  Party shall recover its reasonable attorneys' fees incurred in each and every such action,  suit or other proceeding, including any and all appeals or petitions therefrom.

 

  

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       11. Further Instruments.  The Parties shall execute and deliver further instruments, documents or papers and shall perform all acts necessary or proper to carry out and effectuate the terms of this Agreement as may be required by the terms of this  Agreement or as may be reasonably requested for a material, substantial purpose by any Party to this Agreement.

         IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the date first set forth above.

 

GEM ENVIRONMENTAL MANAGEMENT, INC.

 

By:_________________________

      Timothy J. Koziol, CEO

 

 

GENERAL ENVIRONMENTAL MANAGEMENT, INC.

 

By:_________________________

      Timothy J. Koziol, CEO

 

 

CALIFORNIA LIVING WATERS INCORPORATED

 

By:____________________________________  

 

 

UNITED STATES ENVIRONMENTAL RESPONSE, LLC, as Receiving Agent

By its Manager, PETRO FLOW, LLC, a California limited liability company

 

By: ____________________________________  

      Douglas B. Edwards, Manager

 

UNITED STATES ENVIRONMENTAL RESPONSE, LLC

By its Manager, PETRO FLOW, LLC, a California limited liability company

 

By____________________________________  

     Douglas B. Edwards, Manager

 

  

7

  

 

FORNEY FAMILY UNITRUST

By its Trustee, INGRAM MANAGEMENT, LLC., an Ohio limited liability company

 

By____________________________________  

     Libby Greenawalt, Manager

 

 

NUESTROS SUENOS, S.A., a Guatemalan sociedad anonima

 

By____________________________________         

     David Arthur McDonnell, authorized signatory

 

____________________________________  

Douglas B. Edwards

 

____________________________________  

Gary S. Edwards

 

____________________________________  

Charles Mundy

 

 

8

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