Document:

ex4_2.htm

EXHIBIT 4.2

PRIVATE SUBSCRIPTION LETTER

	
To:

	
Dragon Bright Mintai Botanical Technology Company Limited

	  	
(formerly Team Profit Asia Limited & Kinlong Mintai Agricultural Technology (H.K.)Limited)

	  	
(the “Company”)

	  	  
	
 

	
14th Floor, Teda Building

	  	
87 Wing Lok Street

	  	
Hong Kong

Date:

Dear Sirs:

Re: Application for Shares in the Company

I/We am/are the addressee of copy number [     ] of the Private Subscription Memorandum issued by the Company (“Private Subscription Memorandum”) on January 18, 2011.

Terms used in this Private Subscription Letter have the same meaning as those terms in the Private Subscription Memorandum.

I/We hereby apply to subscribe in cash for [          ] ordinary shares of HK$0.001 in the Company (“Shares”) at a subscription price of HK$0.40 per Share (“Subscription Price”) pursuant to the Private Subscription Memorandum and subject to the terms and conditions contained therein. I/We confirm that this Private Subscription Letter is an absolute, binding and irrevocable commitment on my/our part and my/our commitment is not subject to any right of rescission for breach of warranty, any event of force majeure or by reason of changes in market conditions or political event. Any right to terminate or rescind my/our commitment under this
Private Subscription Letter by operation of law or otherwise is excluded to the fullest extent permitted by law.

I/We understand that my/our application is subject to acceptance by the Company and the Company has the absolute discretion in deciding whether to accept my/our application and if so, the number of Shares (not exceeding the number for Shares applied for) to be allocated to me/us (“Allocated Shares”).

I/We undertake and agree to accept the allotment of the Shares applied for, or any lesser number of Shares allocated to me/us by the Company on this application. I acknowledge that my/our obligation to subscribe for the Shares is unconditional.

I/We further acknowledge that we have funds legitimately located in Hong Kong and undertake to pay the subscription money of HK$[    ] representing the aggregate of the Subscription Price for the Allocated Shares (“Subscription Money”) allocated to me/us by February 17, 2011 in the form of a certified check, bank draft or wired funds into the following account and in accordance with the Closing Instructions (which have been given to me/us):

HSBC

Account name:  Chan & Chan

Account number: 400-158101-001

Swift code: HSBCHKHHHKH

Reference: Dragon Bright PP

 

I/we irrevocably and unconditionally authorise the Company to complete, on my/ our behalf, any application for Shares and all other necessary application forms/transfer documents required in connection with the subscription of the Allocated Shares and for the registration of the Allocated Shares in my/our name. In the event that I/we fail to pay the Subscription Money by February 17, 2011, the Company shall be entitled to forfeit the Allocated Shares and the Company shall have the right to allot such number of Shares to other parties as it wishes.  In such event, all obligations and liabilities on the part of the Company arising in connection with this Private Subscription Letter shall cease and
determine, but without prejudice to any claim which the Company may have against me/us arising out of my/our failure to comply with my/our obligations under this Private Subscription Letter. I/We agree to indemnify and keep indemnified the Company in respect of any damages and losses which it may suffer as a result of me/us not paying the Subscription Money in time.

 

  

Page 1

  

 

I/We hereby confirm that:

	
  

	
1.

	
I/We have read the Private Subscription Memorandum in full;

	
  

	
2.

	
I/We understand all terms, conditions and restrictions set out in the Private Subscription Memorandum and agree to be bound by them;

	
  

	
3.

	
I/We have made my/our decision to subscribe for Shares, having regard to my/our own investment experience, circumstance and objectives and having sought independent professional advice as I/we consider necessary;

	
  

	
4.

	
My/our decision to apply for subscription of Shares is based solely on information contained in the Private Subscription Memorandum and that I/we have not relied on any other information in respect of the Company or the Group that may come into in my/our possession;

	
  

	
5.

	
I/we confirm that  I am/we are fully aware that Messrs. Chan & Chan, Solicitors (“Chan & Chan”) has been engaged by the Company as legal adviser for the closing procedure relating to its private subscription for Shares (the “Subscription”);

	
  

	
6.

	
I/we confirm that I am/we are fully aware that “Chan & Chan” has not been engaged for the drafting, preparing and reviewing of the Private Subscription Memorandum, Private Subscription Letter and Business Summary (the “Subscription Information”) nor performing nor verifying the due diligence on any information and documents in relation to Subscription Information provided by the Company to us/me in connection with the Subscription;

	
  

	
7.

	
I/we confirm I/we have relied on my/our own judgment and due diligence for my/our investment decision for the subscription of the shares in connection with the Subscription.

	
  

	
8.

	
I/we confirm that I am/we are fully aware that “Chan & Chan” has been engaged to act solely for the Company and has not been engaged to act for us/me;

	
  

	
9.

	
I/we confirm that I/we have been advised by the Company to seek independent legal and/or financial advice for the Subscription;

	
  

	
10.

	
I/we confirm that the board of directors of the Company has confirmed that any information and documents in relation to Subscription Information provided to me/us are true, accurate and not misleading and there are no other facts the omission of which would make any information contained therein misleading;

	
  

	
11.

	
I/we confirm that I/we have not placed any reliance on representation made by “Chan & Chan” in relation to our/my investment decision for the subscription of the shares of the Company in connection with the Subscription, therefore I/we shall not hold “Chan & Chan” liable to any damages and/or losses I/we may suffer, which may arise under any circumstances in connection with the Subscription;

	
  

	
12.

	
I am/We are not, and am/are not subscribing the Shares for the account or benefit of, a U.S. Person (as defined in Regulations of the U.S. Securities Act of 1993);

	
  

	
13.

	
None of the Company or its affiliates, nor any of its directors, officers, agents, employees or professional advisers will be liable for any information or omission in the Private Subscription Memorandum;

	
  

	
14.

	
I/We will on demand indemnify and keep indemnified the Company, its affiliates, and its directors, officers, agents and employees for losses or liabilities incurred by any of them arising out of or in connection with any breach of the terms of this Private Subscription Letter or any obligations hereunder;

  

Page 2

  

	
  

	
15.

	
My/Our application for Shares will not contravene or result in a contravention of any securities law or regulation of any jurisdiction or any other laws of any jurisdiction to which I am/we are subject or which may otherwise be applicable to me/us in connection with my/our application for Shares;

	
  

	
16.

	
I/We had at all material times and still have full power and authority to enter into this letter to subscribe for the Shares for my/our own account or for the account of one or more persons for whom I/we exercise investment discretion and this Private Subscription Letter constitutes a valid and legally binding obligation and is enforceable on me/us in accordance with its terms;

 

	
  

	
17.

	
I/We have completed and executed the attached accredited investor form and the same shall form an integrated part of this Private Subscription Letter.

 

	
  

	
18.

	
All information set out in this Private Subscription Letter relating to me/us and all representations and warranties made by me/us in the attached Investor Identification/Category Form (Hong Kong) is true, accurate and complete in all respects and that the Company is relying on such information, representations and warranties provided or made by me/us in allotting the Shares to me/us;

	
  

	
19.

	
I/We will comply strictly with the terms of this Private Subscription Letter and the attached Investor Identification/Category Form (Hong Kong);

	
  

	
20.

	
I/We will not disclose this Private Subscription Letter to any third party without the Company’s prior written consent.

	
  

	
21.

	
I/We acknowledge and understand that I/we am/are advised to exercise caution in relation to the offering.  I/We understand that I/we have been recommended to obtain independent professional advice in relation to my/our intended Subscription.

For the purpose of the Company’s records, I/we set out the following details:

 

	Full name in English:   	 

 

	Passport #/HK ID #/Business Registration #:  	 

 

	Address: 	 

 

	Occupation:   	 

 

Yours faithfully

	
If Applicant is an individual

	  	
If Applicant is not an individual

	
  

 

 

 

	  	  
	
Signature of individual

 

 

	  	
Authorized signatory

	
Name of Applicant (please print)

 

	  	
Name of authorized signatory (please print)

 

 

	  	  	
Official capacity of authorized signatory (please print)

  

Page 3

  

 

INVESTOR IDENTIFICATION / CATEGORY FORM (HONG KONG)

In connection with the execution of the Private Subscription Letter to which this Form is attached, the undersigned (the “Applicant”) represents and warrants to Dragon Bright Mintai Botanical Technology Company Limited (formerly Team Profit Asia Limited & Kinlong Mintai Agricultural Technology (H.K.) Limited) that the Applicant satisfies one or more of the categories indicated below(Note) (please place an “X” on the
appropriate lines):

 

	                   	
Category 1

	
Professional investors as defined in Section 1 of Part 1 of Schedule 1 to the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong SAR), including but not limited to, authorized financial institutions, authorized insurance companies and banks which are not authorized financial institutions but are regulated under the law of any place outside Hong Kong SAR.

 

	                  	
Category 2

	
High net worth individuals under Professional investors as defined in Section 3 of the Securities and Futures (Professional Investors) Rules (Chapter 571D of the laws of Hong Kong SAR), including but not limited to, any trust corporation having been entrusted under the trust or trusts of which it acts as a trustee with total assets of not less than $40 million or its equivalent in any foreign currency, any individual, either alone or with any of his associates on a joint account, having a portfolio of not less than $8 million or its equivalent in any foreign currency, any corporation or partnership having a portfolio of not less than $8 million or its
equivalent in any foreign currency or total assets of not less than $40 million or its equivalent in any foreign currency..

 

	                  	
Category 3

	
Any corporation the sole business of which is to hold investments and which is wholly owned by an individual who, either alone or with any of his associates on a joint account, falls within Category 2.

 

	                    	
Category 4

	
Qualifying persons which include bona fide current and former directors, employees, consultants of Dragon Bright Mintai Botanical Technology Company Limited (formerly Team Profit Asia Limited & Kinlong Mintai Agricultural Technology (H.K.) Limited) and their respective dependents.

	
Note:

	
If you are in doubt as to whether you are qualified to fall within the categories indicated above, you are advised to consult your professional advisors.

The statements made in this Form are true and accurate as of the date of signing and will be true and accurate as of the Closing Date (as defined in the Private Subscription Memorandum). If any such representations and warranties shall cease to be true and accurate at any time prior to Closing (as defined in the Private Subscription Memorandum), the Applicant will promptly notify Dragon Bright Mintai Botanical Technology Company Limited (formerly Team Profit Asia Limited & Kinlong Mintai Agricultural Technology (H.K.) Limited).

Dated:

	
If Applicant is an individual

	  	
If Applicant is not an individual

	
  

 

 

 

	  	  
	
Signature of individual

 

 

	  	
Authorized signatory

	
Name of Applicant (please print)

 

	  	
Name of authorized signatory (please print)

 

 

	  	  	
Official capacity of authorized signatory (please print)

 

Page 4ex4_3.htm

EXHIBIT 4.3

 

	 Dated	 	11 MAR 2011	 

 

 

 

 

(1)   Shareholders as listed on Schedule One                                   

 

(2)   Dragon Bright Mintai Botanical Technology Company Limited

 

(3)   Dragon Bright Mintai Botanical Technology (Cayman) Limited

 

	 

 

 

SHARE SWAP AGREEMENT

 

	 

 

  

  

  

 

	
THIS AGREEMENT is made this

	 	11 MAR 2011	 

 

BETWEEN:

 

	
(1)

	
Shareholders  as
 listed  on  Schedule
 One  hereof  (individual as  “Shareholder”  and collectively as
“Shareholders”);

 

	
(2)

	
Dragon   Bright   Mintai   Botanical   Technology   Company   Limited,   a   company incorporated in Hong Kong, whose registered office is situated at 14/F., Teda Building, 87 Wing Lok Street, Hong Kong
(“Dragon Bright HK”); and

 

	
(3)

	
Dragon   Bright   Mintai   Botanical   Technology   (Cayman)   Limited,   a  company incorporated in Cayman Islands, whose registered office is
situated at Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands (“Dragon Bright
Cayman”).

 

WHEREAS:

 

	
(A)

	
Each of the Shareholders beneficially owns the number of shares in the capital of Dragon Bright HK opposite his/her name as listed on Schedule One hereof .

 

	
(B)

	
The existing group structure is as shown on Schedule Two.

 

	
(C)

	

As part of the re-organization for the purpose of quoting the shares of Dragon Bright Cayman on OTCBB of the United States of America, the parties hereof have agreed to enter  into  this  Share  Swap  Agreement  in  the  manner  set  out  hereinafter.  The reorganisation shall  involve  the  Shareholders  of Dragon  Bright  HK as transferor and Dragon  Bright  Cayman
as  transferee  for  the  transfer  of  the  entire  issued  capital  of 521,450,000 shares in Dragon Bright HK  to Dragon Bright Cayman in return in 1 to 1 exchange ratio for Dragon Bright Cayman to  allot and issue 521,450,000 new shares (including the 1 shares issued to HO, Lai Lai Anita), credited as fully paid at par, to the Shareholders as a consideration for the transfer of their entire interests in Dragon Bright HK and its subsidiaries and associates.

 

After  the  reorganization  hereof,  Dragon  Bright  Cayman  shall  become  the  holding company of the group and the group structure shall be as shown on Schedule Three.

 

 

THIS IS HEREBY AGREED THAT:-

 

	
(1)

	

Under and subject to the terms of this Agreement, the Shareholders shall transfer all their shares in the share capital in Dragon Bright HK to Dragon Bright Cayman, free form all liens, charges, security interest, encumbrances and adverse claims and with all the rights  now  or  hereinafter  attached  or  accrued  thereto  as  from  the  date  of  signing  of  this
Agreement.

 

  

  

  

 

	
(2)

	

The consideration from Dragon Bright Cayman to the Shareholders shall be satisfied by the issue of the equal respective number of shares that each Shareholder owns in Dragon Bright HK, at par of the share capital of Dragon Bright Cayman credited as fully paid (including the 1 share issued to HO, Lai Lai Anita).

 

 

COMPLETION

 

	
(3)

	

Completion shall take place upon signing of this Agreement:

 

	
(i)

	

Each Shareholder shall deliver his respective duly executed instrument of transfer and contract note in respect of his shares in Dragon Bright HK, in favour of Dragon Bright Cayman together with the original of the relevant share certificate.

 

	
(ii)

	

Each Shareholder shall deliver a duly signed application for allotment of his respective shares in Dragon Bright Cayman.

 

	
(iii)

	

Certified true copy of respective board minute of Dragon Bright HK, Dragon Bright Cayman, and those Shareholders which are corporate shareholders, approving the transaction of this Agreement.

 

FULL EFFECT

 

All the provisions of this Agreement shall so far as they are capable of being performed or observed continue in full force and effect notwithstanding Completion except in respect of those matters then already performed.

 

FURTHER ASSURANCE

 

Notwithstanding Completion, each of the parties hereto shall sign or execute any document or do any deed, act or things as may reasonably be requested by the other parties hereto to give full force and effect to the terms of this Agreement and the transactions contemplated hereunder.

 

COUNTERPARTS

 

This Agreement may be executed in any number of counterparts by the parties hereto on separate counterparts, each of which when executed shall constitute an original and all of which when taken together shall constitute one and the same document.

  

  

  

 

COSTS, EXPENSES AND OTHERS

Each party shall bear its own legal and professional fees, costs and expenses incurred in connection with this Agreement and any documents to be executed hereunder.

 

ENTIRE AGREEMENT

 

This Agreement sets forth the entire agreement and understanding between the parties or any of them in relation to the transactions contemplated by this Agreement and supersedes and cancels in all respects all previous agreements, letters of intent, correspondence, understandings, agreements and undertakings (if any) between the parties hereto with respect to the subject matter hereof, whether such be written or oral.

 

GOVERNING LAW

 

This Agreement is governed by and shall be construed in accordance with the laws of Hong Kong and the parties hereto hereby submit to the non-exclusive jurisdiction of the courts of Hong Kong.

 

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

 

	
SIGNED by

	
)

	  
	
For and on behalf of

	
)

	
/S/ HO Lai Lai Anita

	
HO Lai Lai Anita

	
)

	  
	
in the presence of: /S/ Cherie SE

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
LI Xuchang

	
)

	
/S/ LI Xuchang

	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by CHAN Keung

	
)

	  
	
CHINA AGRI-TECH HOLDINGS LIMITED

	
)

	
/S/ CHINA AGRI-TECH HOLDINGS

	
in the presence of: /S/ Randy CHUNG

	
)

	
         LIMITED

 

  

  

  

 

	
SIGNED by CHUA Antonio

	
)

	  
	
For and on behalf of

	
)

	
/S/ MILLION MAX LIMITED

	
MILLION MAX LIMITED

	
)

	  
	
in the presence of: -

	
)

	  
	
SIGNED by

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
ANG Chi Hung Philip

	
)

	
/S/ ANG Chi Hung Philip

	
in the presence of: /S/ Randy CHUNG

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
ANG Stanley

	
)

	
/S/ ANG Stanley

	
in the presence of: /S/ Vivi Lee

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
CHANG Cho Po

	
)

	
/S/ CHANG Cho Po

	
in the presence of: /S/ Cherie SE

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
JIAO Dongsheng

	
)

	
/S/ JIAO DongSheng

	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
Keneth C GOYENA

	
)

	
/S/ Keneth C GOYENA

	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	 	  
	  	 	  
	
SIGNED by

	
)

	  
	
LEE Yick Kam

	
)

	
/S/ LEE Yick Kam

	
in the presence of: /S/ PUN Chi Hong

	
)

	  

 

  

  

  

 

	
SIGNED by

	
)

	  
	
For and on behalf of

	
)

	
/S/ ZHONG Cheng

	
ZHONG Cheng

	
)

	  
	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
HWANG Yau Man

	
)

	
/S/ HWANG Yau Man

	
in the presence of: /S/ Vivi LEE

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
HWANG Kennen

	
)

	
/S/ HWANG Kennen

	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
KOU Shaun

	
)

	
/S/ KOU Shaun

	
in the presence of: /S/ Cherie SE

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
MA Cho Lik

	
)

	
 /S/ MA Cho Lik

	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
CHIN Wai Chi

	
)

	
/S/ CHIN Wai Chi

	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
TSOI Chi Chuen Cheney

	
)

	
/S/ TSOI Chi Chuen Cheney

	
in the presence of: /S/ Randy CHUNG

	
)

	  

 

  

  

  

 

	
SIGNED by

	
)

	  
	
POON Kin Heung

	
)

	
/S/ POON Kin Heung

	
in the presence of: /S/ Vivi LEE

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
TSANG Wai Chun Marianna

	
)

	
/S/ TSANG Wai Chun Marianna

	
in the presence of: /S/ Miki Tsang

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
LAM Wing Ho Neves

	
)

	
/S/ LAM Wing Ho Neves

	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
HON Sheung

	
)

	
/S/ HON Sheung

	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by

	
)

	  
	
TSOI Chi Hung

	
)

	
/S/ TSOI Chi Hung

	
in the presence of: /S/ PUN Chi Hong

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by MAK Stella So Man

	
)

	  
	
WEALTH VANTAGE INTERNATIONAL

	
)

	
/S/ WEALTH VANTAGE

	
LIMITED

	
)

	
         INTERNATIONAL LIMITED

	
in the presence of: /S/ Randy CHUNG

	
)

	  
	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
SIGNED by HO Lai Lai Anita

	
)

	  
	
For and on behalf of

	
)

	
/S/ DRAGON BRIGHT MINTAI

	
Dragon Bright Mintai Botanical Technology

	
)

	
         BOTANICAL TECHNOLOGY

	
Company Limited

	
)

	
         COMPANY LIMITED

	
in the presence of: /S/ PUN Chi Hong

	 	 

 

  

  

  

 

	
SIGNED by HO Lai Lai Anita

	
)

	  
	
For and on behalf of

	
)

	
/S/ DRAGON BRIGHT MINTAI

	
Dragon Bright Mintai Botanical Technology

	
)

	
         BOTANICAL TECHNOLOGY

	
(Cayman) Limited

	
)

	
         (CAYMAN) LIMITED

	
in the presence of: /S/ Cherie SE

	
)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]