Document:

Exhibit
10.14

 

Property
Lease Agreement

 

Party
A (Leaser): 陕西荔北绿健生物制品厂 (Shaanxi Libei Lvjian Biological
Products Co., Ltd.)

 

Party
B (Lessee): 西安应化生物技术有限公司 (Xi’an App-Chem
Bio (Tech) Co., Ltd.)

 

Individually
a Party and collectively the Parties.

Subject
to the principle of mutual benefit and common development, after fairly and friendly negotiation, the Parties reach the following
agreements as to the lease of the following plants, equipment, facilities and site by Party B from Party A:

 

Article
1 Subject and term

Article
1.1 The subject of this lease agreement (Agreement) is all the solid assets of Shaanxi Libei Lvjian Biological Products Co., Ltd.
(a subsidiary of state-owned company Shaanxi Libei Company Corporation located at the north of Xuzhuang Town, Dali County, Weinan
City, Shaanxi Province) registered at relevant regulatory authorities (Site), including all lands, plants, equipment, facilities
and buildings, as well as attachments of them (see the attached asset list of this Agreement).

Article
1.2 The term (Term) of this Agreement is ten (10) years from September 29, 2012 to September 20, 2022.

 

Article
2 Rent and the date and method of payment

Article
2.1 The rent under Agreement is RMB 15,000.00 (say RMB fifteen thousand only) per month (Rent), and shall be payable before the
fifth day (if such date falls into a holiday, the next business day) of each month after the execution of Agreement.

Article
2.1.1 The Rent includes social insurance contributions of pension, unemployment benefit, work damage, medical insurance and catastrophic
medical insurance of the 21 employees of Party A, as well as Party A’s routine costs and expenses of operation and management
related to traffic, office, communication and others.

Article
2.1.2 During the period of this Agreement, Party B shall adjust the standard of the above-mentioned social insurance contributions
as required by Party B’s regulatory authority subject to relevant revised national regulations (if any) from time to time.

Article
2.1.3 During the period of this Agreement, where the above-mentioned social insurance contributions of any employee of Party A
becomes not necessary anymore due to company structure reform of Party A, the amount of Rent of the same year shall not be impacted
in any way.

Article
2.2 Party A shall issue Party B formal plain invoice or VAT invoice (VAT rate of 3%) within five business days after the arrival
of Rent paid by Party B (if such date falls into a holiday, the next business day). Otherwise, Party B shall be entitled to deduct
3% from the Rent as VAT payment.

 

Article
3 Rights and obligations of Party A

Article
3.1 Party A undertakes that it has full ownership over the Subject under this Agreement, and there is no security right over the
Subject. Otherwise, Party A shall assume all liabilities of property rights security and all losses suffered by Party B thereby.

Article
3.2 In order to ensure the normal operation of all facilities including generator, power and transformation pump, all plants,
equipment, facilities and sites to be leased under Agreement shall be cleaned and checked by Party A before Party B’s entering
into the Site for its acceptance and subsequent take-over.

 

    	 

    	 

    

 

Article
3.3 Party A shall assist Party B to coordinate all internal and external relations to ensure the normal operation of Party B,
with relevant expenses and fees on Party B’s account. The external organizations include the higher-lever management department
of Party A, and governmental agencies such as industry and commerce, taxation, safety and security, environment protection, and
fire fighting departments.

Article
3.4 Party A shall assist Party B to coordinate, supply, arrange and manage employees of Party A. And shall ensure that all its
existing 21 employees are ready to work by the effective date of this Agreement, otherwise, any liabilities and consequences shall
be bored by Party A.

Article
3.5 Party A shall provide Party B necessary places such as office, employee dormitory, dining hall, raw material and product storage.
And any damaged or inadequate buildings shall be repaired or added by Party B at its costs.

Article
3.6 Party A shall provide Party B formal invoice issued by water and electricity administration departments (the Parties agree
that a VAT rate of 17% shall be applied to electricity fees invoice). The calculation of water and electricity fees shall be based
on the relevant regulation and tariff of the state and Party A’s competent relevant regulatory department. Party A shall
coordinate with the water resource administrative department of Luohui Canal to ensure the industrial water supply to Party B,
with fees payable by Party B according to the rate and standard of Luohui Canal station.

Article
3.7 Party A shall provide Party B regulations and policies about production and management, fire fighting and other aspects. Party
A’s safety production commission shall be entitled to check and supervise Party B’s production and state-owned assets
occupied by Party B from time to time.

 

Article
4 Rights and obligations of Party B

Article
4.1 Party B shall run the Site independently and responsible for its profits and losses during the period of this Agreement.

Article
4.2 Party B shall pay the wages of Party A’s employees, rent, electricity fees, water charge and any other fees and expenses
payable by it promptly. Otherwise, any liabilities for breach of contract and fees and expenses shall be born by Party B.

Article
4.3 All positions of Party B at the Site shall give priority to Party A’s existing employees under the principle of competing
for employment at Party B’s discretion. In the event Party A’s employee refuses to participate in the competition,
or refuses to abide by Party B’s regulation, any results and consequences shall be born by the individual.

Article
4.4 During the Term of this Agreement, Party B shall be responsible for the inspection, maintenance and part replace of Party
A’s existing equipment and facilities. And any costs and expenses incurred thereby shall be born by Party B. After the expiration
of the Term, Party B shall ensure that Party A’s equipment is intact and can run normally and that Party A’s facilities
and sites are complete and tidy, except there is other agreement between the Parties during the Term.

Article
4.5 During the Term of this contract, Party B shall strictly respect Party A’s systems of safety production, fire fighting
management, as well as the safety production systems of itself subject to relevant documents provided by Party A when signing
this Agreement. And Party B shall be responsible for any production accidents incurred on the Site.

 

    	 

    	 

    

 

Article
4.6 Party B may add and improve relevant equipment and facilities based on the current situation of Party A when it is necessary
during production, but it shall not build any building without the formal approval of competent government agencies.

Article
4.7 Party B shall keep clean and tidy of all workshop and plant areas during the Term, with raw material, auxiliary materials
and remnants are be stored properly.

 

Article
5 Party B’s using of the existing employees of Party A

Article
5.1 Party A may arrange no more than 21 of its existing employees to compete for jobs available at Party B, and Party B will give
priority to such individuals based on their capabilities and skills.

Article
5.2 Party B must provide necessary training and production process guidance to the above-mentioned employees, including leaning
and training at the site and other places. For those individuals who don’t respect Party B’s reasonable direction
and arrangement, Party B shall be entitled to make a decision on and punish them subject to relevant regulations without assuming
any obligations.

Article
5.3 Wages of Party A’s employees shall be collectively paid by Party B to Party A, together with a wage list for Party A’s
payment on behalf of it. Party A will deduct from such wages social insurance contribution, water and electricity fees and others
according to rules and regulations of the labor relation, trade union, water and electricity commissions of its higher-level regulatory
organization.

Article
5.4 Party B shall pay high attention to the safety of Party A’s employees by covering employment injury insurance for them
and providing them all necessary labor protection equipment.

Article
5.5 In the event Party A’s employee breaches Party B’s disciplines and rules at the Site, refuses to abide by the
regulation, willingly disrupts the production and operation, Party B shall be entitled to resign them immediately at any time
and send a written notice to Party A. Any losses and damages caused thereby shall be settled subject to Party B’s regulations.

 

Article
6 Property maintenance

Article
6.1 Party B shall take good care of Party A’s equipment and facilities. All pressure containers and pressure vessels shall
be covered by property insurance.

Article
6.2 Once taken over, Party B shall take care and maintain the properties leased from time to time at its own costs.

 

Article
7 Confidential

Business
and technical secrets are the valuable asset of Party B, and any unauthorized disclosure may cause great losses and damages to
Party B.And keeping confidential of all such secrets is an obligation of each employee.

Article
7.1 Before beginning to provide service to Party B, Party A’s employee shall sign a non-disclosure agreement with Party
A. While Party B shall educate Party A’s employee about the importance of keeping confidential of the secret of Party B
to ensure that Party A’s employee respects Party B’s relevant rules and regulations. An employee who breaches such
rules and regulations or relevant national laws and regulations shall bear responsibilities accordingly.

Article
7.2 During any routine check and inspection, Party A’s higher-level management department shall not be permitted to: i)
take video, picture, voice record or any other record at the Site; ii) bring any third party into the Site; iii) disclose Party
B’s production or technology information to any third party; and iv) bring any articles dangerous in the Site without Party
B’s consent in advance.

 

    	 

    	 

    

 

Article
7.3 In the event Party B intends not to renew the Agreement at expiration, it shall complete the following works within 45 days
after the expiration of the Agreement:

(1) Pay
any amounts payable to Party A under Agreement;

(2) Ensure
that Party A’s equipment can operate normally, and that Party A’s facilities and sites are complete. For equipment
and facilities exceed the useful life or should be written off under China’s financial depreciation and equipment management
of the industry, and for wore and torn equipment and facilities, the Parties shall confirm by necessary procedures and Party B
shall bear no responsibilities for them. For ground treated, water tank added by Party B, and for other equipment and facilities
of Party B that can not be removed or moved, Party B will charge no fees for and leave them to Party A;

(3) On
the expiration of Agreement or within the last month before Party B leaving the Site, the rent and the wages of employees of Party
A for the then-current month shall be calculated based on a whole month, no matter how many days will the staff, equipment, facilities
stay at the Site;

(4) On
completion of the above works, Party B may remove the remaining raw materials, auxiliary materials, finished product and packages,
as well as equipment added by it;

(5) In
the event Party A can not operate normally due to Party B’s failure to conduct the above-mentioned works, any consequences
and results caused thereby shall be born by Party B.

 

Article
9 Liabilities for breach of agreement

Article
9.1 During the Term of the Agreement, should any Party failed to perform any of its obligations under the Agreement, it shall
compensate any and all direct and indirect losses and damages suffered by the other Party thereby.

Article
9.2 During the Term of the Agreement, should the Agreement can not be performed by any Party due to force major event caused by
a natural disaster such as earthquake, it shall not be deemed as a breach.

 

Article
10 Disputes

Disputes
arising under this Agreement shall be settled by friend negotiation by and between the Parties. If in vain, it shall be brought
to the competent people’s court having jurisdiction at the defendant’s place.

 

Article
11 Miscellaneous

 

Article
11.1 Party B has formulated and provided as an attachment of this Agreement the relevant management rules and systems based on
its production situation.

 

Article
11.2 Any issues not covered under this Agreement shall be settled by the Parties through friend negotiation in written form as
an attachment of this original Agreement.

 

Article
11.3 This Agreement shall come into force upon signature and seal of both Parties.

 

Article
11.4 This Agreement is of five copies with each Party holds two copies and Party A’s higher-level management department
holds one copy for record.

 

Party
A: 陕西荔北绿健生物制品厂

Stamp:

Legal
representative: (signature)

Dated:
28 September 2012

 

Party
B: Xi’an App-Chem Bio (Tech) Co., Ltd

Stamp:

Legal
representative: (signature)

Dated:
28 September 2012Exhibit
10.14

 

BON
NATURAL LIFE LIMITED

 

CODE
OF BUSINESS CONDUCT AND ETHICS

 

Bon
Natural Life Limited (the “Company”) has adopted the following Code of Business Conduct and Ethics (this “Code”)
for directors, executive officers and employees of the Company. This Code is intended to focus the directors, executive officers
and employees on areas of ethical risk, provide guidance to directors, executive officers and employees to help them recognize
and deal with ethical issues, provide mechanisms to report unethical conduct, and help foster a culture of honesty and accountability.
Each director, executive officer and employee must comply with the letter and spirit of this Code.

 

No
code or policy can anticipate every situation that may arise. Accordingly, this Code is intended to serve as a source of guiding
principles for directors, executive officers and employees. Directors, executive officers and employees are encouraged to bring
questions about particular circumstances that may implicate one or more of the provisions of this Code to the attention of the
Chairman of the Audit Committee, who may consult with inside or outside legal counsel as appropriate.

 

1.
Maintain Fiduciary Duties.

 

Directors
and executive officers must be loyal to the Company and must act at all times in the best interest of the Company and its shareholders
and subordinate self-interest to the corporate and shareholder good. Directors and executive officers should never use their position
to make a personal profit. Directors and executive officers must perform their duties in good faith, with sound business judgment
and with the cafe of a prudent person.

 

2.
Conflict of Interest.

 

A
“conflict of’ interest” occurs when the private interest of’ a director, executive officer or employee
interferes in any way, or appears to interfere, with the interests of the Company as a whole. Conflicts of interest also arise
when a director, executive officer or employee, or a member of his or her family, receives improper personal benefits as a result
of his or her position as a director, executive officer or employee of the Company. Loans to, or guarantees of the obligations
of a director, executive officer or employee, of a member of his or her family, may create conflicts of interest.

 

Directors
and executive officers must avoid conflicts of interest with the Company. Any situation that involves, or may reasonably be expected
to involve, a conflict of interest with the Company must be disclosed immediately to the Chairman of the Board.

 

This
Code does not attempt to describe all possible conflicts of interest which could develop. Some of the more common conflicts from
which directors and executive offices must refrain, however, are set out below.

 

	 	●	Relationship
    of Company with third-parties. Directors, executive officers and employees may not engage in any conduct or activities that
    are inconsistent with the Company’s best interests or that disrupt or impair the Company’s relationship with any
    person or entity with which the Company has or proposes to enter into a business or contractual relationship.

 

    	 

     

    

 

	 	●	Compensation
    from non-Company sources. Directors, executive officers and employees may not accept compensation, in any form, for services
    performed for the Company from any source other than the Company.
	 	 	 
	 	●	Gifts.
    Directors, executive officers and employees and members of their families may not offer, give or receive gifts from persons
    or entities who deal with the Company in those cases where any such gift is being made in order to influence the actions of
    a director as member of the Board or the actions of an executive officer as an officer of the Company, or where acceptance
    of the gifts would create the appearance of a conflict of interest.

 

3.
Corporate Opportunities.

 

Directors,
executive officers and employees owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises.
Directors, executive officers and employees are prohibited from: (a) taking for themselves personally opportunities that are discovered
through the use of corporate property, information or the director’s or executive officer’s position; (b) using the
Company’s property, information, or position for personal gain, or (c) competing with the Company, directly or indirectly,
for business opportunities, provided, however, if the Company’s disinterested directors determine that the Company will
not pursue an opportunity that relates to the Company’s business, a director, executive officer or employee may do so.

 

4.
Confidentiality.

 

Directors,
executive officers and employees must maintain the confidentiality of information entrusted to them by the Company or its customers,
and any other confidential information about the Company that comes to them, from whatever source, in their capacity as a director,
executive officer or employee, except when disclosure is authorized or required by laws or regulations. Confidential information
includes all non-public information that might be of use to competitors, or harmful to the Company or its customers, if disclosed.

 

5.
Protection and Proper Use of Company Assets.

 

Directors,
executive officers and employees must protect the Company’s assets and ensure their efficient use. Theft, loss, misuse,
carelessness and waste of’ assets have a direct impact on the Company’s profitability. Directors, executive officers
and employees must not use Company time, employees, supplies, equipment, tools, buildings or other assets for personal benefit
without prior authorization from the Chairman of the Corporate Governance/Nominating Committee or as part of a compensation or
expense reimbursement program available to all directors or executive officers.

 

6.
Fair Dealing.

 

Directors,
executive officers and employees shall deal fairly and directors and executive officers shall oversee fair dealing by employees
and officers with the Company’s directors, officers, employees, customers, suppliers and competitors. None should take unfair
advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of’ material facts
or any other unfair dealing practices.

 

    	 

     

    

 

7.
Compliance with Laws, Rules and Regulations.

 

Directors
and executive officers shall comply, and oversee compliance by employees, officers and other directors, with all laws, rules and
regulations applicable to the Company, including insider-trading laws. Transactions in Company securities are governed by Company
Policy entitled “Insider Trading Policy.”

 

8.
Accuracy of Records.

 

The
integrity, reliability and accuracy in all material respects of the Company’s books, records and financial statements is
fundamental to the Company’s continued and future business success. No director, executive officer or employee may cause
the Company to enter into a transaction with the intent to document or record it in a deceptive or unlawful manner. In addition,
no director, executive officer, or employee may create any false or artificial documentation or book entry for any transaction
entered into by the Company. Similarly, executive officers and employees who have responsibility for accounting and financial
reporting matters have a responsibility to accurately record all funds, assets and transactions on the Company’s books and
records.

 

9.
Quality of Public Disclosures.

 

The
Company is committed to providing its shareholders with information about its financial condition and results of operations as
required by the securities laws of’ the United States. It is the Company’s policy that the reports and
documents it files with or submits to the Securities and Exchange Commission, and its earnings releases and similar public communications
made by the Company, include fair, timely and understandable disclosure. Executive officers and employees who are responsible
for these filings and disclosures, including the Company’s principal executive, financial and accounting officers, must
use reasonable judgment and perform their responsibilities honestly, ethically and objectively in order to ensure that this disclosure
policy is fulfilled. The Company’s senior management are primarily responsible for monitoring the Company’s public
disclosure.

 

10.
Waivers and Amendments of the Code of Business Conduct and Ethics. 

 

No
waiver of any provisions of the Code for the benefit of a director or an executive officer (which includes without limitation,
for purposes of this Code, the Company’s principal executive, financial and accounting officers) shall be effective unless
(i) approved by the Board of Directors, and (ii) if applicable, such a waiver is promptly disclosed to the Company’s shareholders
in accordance with applicable United States securities laws and/or the rules and regulations of the exchange or system on which
the Company’s shares are traded or quoted, as the case may be.

 

Any
waivers of this Code for the other employees may be made by the Board of Directors, or, if permitted, a committee thereof.

 

All
amendments to this Code must be approved by the Board of Directors or a committee thereof and, if applicable, must be promptly
disclosed to the Company’s shareholders in accordance with applicable United States securities laws and/or the rules and
regulations of the exchange or system on which the Company’s shares are traded or quoted, as the case may be.

 

    	 

     

    

 

11.
Encouraging the Reporting of any Illegal or Unethical Behavior. 

 

Directors
and executive officers should promote ethical behavior and take steps to ensure the Company (a) encourages employees to talk to
supervisors, managers and other appropriate personnel when in doubt about the best course of action in a particular situation;
(b) encourages employees to report violations of laws, rules or regulations to appropriate personnel; and (c) informs employees
that the Company will not permit retaliation for reports made in good faith.

 

Any
executive officer or employee who in good faith reports a suspected violation under this Code by the Company, or its agents acting
on behalf of the Company, or who in good faith raises issues or concerns regarding the Company’s business or operations,
may not be fired, demoted, reprimanded or otherwise harmed for, or because of, the reporting of the suspected violation, issues
or concerns, regardless of whether the suspected violation involves the executive officer or employee, the executive officer’s
or employee’s supervisor or senior management of the Company.

 

In
addition, any executive officer or employee who in good faith reports a suspected violation under this Code which the executive
officer or employee reasonably believes constitutes a violation of a federal statute by the Company, or its agents acting on behalf
of the Company, to a federal regulatory or law enforcement agency, may not be reprimanded, discharged, demoted, suspended, threatened,
harassed or in any manner discriminated against in the terms and conditions of the executive officer’s or employee’s
employment for, or because of, the reporting of the suspected violation, regardless of whether the suspected violation involves
the executive officer or employee, the executive officer’s or employee’s supervisor or senior management of the Company.

 

12.
Communication of Code.

 

All
directors, executive officers and employees will be supplied with a copy of this Code upon beginning service at the Company. Updates
of this Code will be provided from time to time. A copy of this Code is also available to all directors, executive officers and
employees by requesting one from the Company.

 

13.
Failure to Comply; Compliance Procedures.

 

A
failure by any director or executive officer to comply with the laws or regulations governing the Company’s business, this
Code or any other Company policy or requirement may result in disciplinary action, and, if warranted, legal proceedings.

 

Directors
and executive officers should communicate any suspected violations of this Code promptly to the Chairman of the Audit Committee,
or if no Audit Committee has been appointed, to the Board of Directors.

 

Violations
will be investigated by the Board or by a person or persons designated by the Board and appropriate action will be taken in the
event of any violations of this Code.

 

    	 

     

    

 

ACKNOWLEDGEMENT

 

I
acknowledge that I have reviewed and understand Bon Natural Life Limited’s Code of Business Conduct and Ethics (the “Code”)
and agree to abide by the provisions of the Code.

 

	 	 
	Signature	 
	 	 
	 	 
	Name
    (Printed or typed)	 
	 	 
	 	 
	Position	 
	 	 
	 	 
	Date

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