Document:

clad_ex101.htm

EXHIBIT 10.1

 

SHARE CANCELLATION AGREEMENT

THIS SHARE CANCELLATION AGREEMENT (the “Agreement”) is effective as of July 23, 2012 (the “Effective Date”)

BETWEEN:

 

China Liaoning Dingxu Ecological Agriculture Development, Inc., a Nevada corporation,  (the "Company") and Chin Yung Kong, a current shareholder of the Company (the “Shareholder”).

 

THIS AGREEMENT WITNESSES THAT in consideration of the premises and mutual covenants contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound hereby, agree as follows:

 

1. CANCELLATION OF SHARES

 

	
1.1

	
The Shareholder hereby agrees to cancel Twenty Million (20,000,000) shares of the Company’s common stock and deliver a certificate representing such shares to the Company for cancellation and return to treasury (the “Surrendered Shares”).

 

2. CONSIDERATION

 

	
2.1

	
The Shareholder recognizes and acknowledges that the cancellation of the Surrendered Shares will improve the overall share structure of the Company, which will in long term benefit the Company,  and the consideration for cancelling the Surrendered Shares will be the increase in the value of the Remaining Shares as the result of the improved overall share structure of the Company.

 

3. REPRESENTATIONS

	
3.1

	
The Shareholder represents and warrants to the Company that:

	  	
a.

	
he is the owner of the Surrendered Shares;

	  	
b.

	
he has good and marketable title to the Surrendered Shares; and

	  	
c.

	
the Surrendered Shares are free and clear of all liens, security interests, pledges, encumbrances or liabilities of any kind whatsoever.

 

  

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4. MISCELLANEOUS

	
4.1

	
Time.  Time is expressly declared to be of the essence in this Agreement.

	
4.2

	
Presumption.  This Agreement or any section thereof shall not be construed against any party due to the fact that said Agreement or any section thereof was drafted by said party.

	
4.3

	
Titles and Captions.  All article, section and paragraph titles or captions contained in this Agreement are for convenience only and shall not be deemed part of the context nor affect the interpretation of this Agreement.

	
4.4

	
Further Action.  The parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary or appropriate to achieve the purposes of this Agreement.

	
4.5

	
Good Faith, Cooperation and Due Diligence.  The parties hereto covenant, warrant and represent to each other good faith, complete cooperation, due diligence and honesty in fact in the performance of all obligations of the parties pursuant to this Agreement.  All promises and covenants are mutual and dependent.

 

	
4.6  

	
Assignment.  This Agreement may not be assigned by either party hereto without the written consent of the other, but shall be binding upon the successors of the parties.

	
4.7  

	
Notices.  All notices required or permitted to be given under this Agreement shall be given in writing and shall be delivered, either personally or by express delivery service, to the party to be notified.  Notice to each party shall be deemed to have been duly given upon delivery, personally or by courier, addressed to the attention of the officer at the address set forth heretofore, or to such other officer or addresses or by such other means as either party may designate, upon at least five days written notice, to the other party.

	
4.8  

	
Entire agreement.  This Agreement contains the entire understanding and agreement among the parties. There are no other agreements, conditions or representations, oral or written, express or implied, with regard thereto. This Agreement may be amended only in writing signed by all parties.

	
4.9  

	
Waiver.  A delay or failure by any party to exercise a right under this Agreement, or a partial or single exercise of that right, shall not constitute a waiver of that or any other right.

	
4.10  

	
Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement.  In the event that the document is signed by one party and faxed to another the parties agree that a faxed signature shall be binding upon the parties to this Agreement as though the signature was an original.

	
4.11  

	
Successors.  The provisions of this Agreement shall be binding upon all parties, their successors and assigns.

	
4.12  

	
Jurisdiction.  The parties hereby attorn to the jurisdiction of the State of New York for all matters arising from this Agreement.

 

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

 

	THE COMPANY	 	 	THE SHAREHOLDER	 
	 	 	 	 	 
	
/s/ Chin Yung Kong

	 	 	
/s/ Chin Yung Kong

	 
	

Chin Yung Kong, President, CEO

	 	 	

Chin Yung Kong

	 
	

China Liaoning Dingxu Ecological Agriculture Development, Inc.

	 	 	
 

	 

 

2clad_ex102.htm

EXHIBIT 10.2

 

SHARE TRANSFER AGREEMENT

This SHARE TRANSFER AGREEMENT (this “Agreement”) is made and entered into this July 23, 2012, by and among the Transferors and the Transferees whose information is set forth in the attached Schedule A.

RECITALS:

WHEREAS, Transferors are shareholders of the shares of common stock of China Liaoning Dingxu Ecological Agriculture Development, Inc. (“CLAD”), a Nevada corporation, and

WHEREAS, Transferors decide to transfer all their shares of common stock of CLAD to Transferees for the consideration described herein;

AGREEMENT:

NOW, THEREFORE, in consideration of the premises and the agreements set forth herein, Transferors and Transferees agree as follows:

ARTICLE I

SHARE TRANSFER

Section 1.01.  The Share Transfer.  Subject to the terms and conditions of this Agreement, Transferors agree to assign, transfer and deliver to Transferees 6,000,000 shares of common stock of CLAD (the “CLAD Shares”) pursuant to the attached Schedule A.

Section 1.02.  Execution and Closing.  The Share Transfer as defined in Section 1.01 of this Agreement shall take place at such other time and place as Transferors and Transferees mutually agree upon, orally or in writing (which time and place is designated as the “Closing”).  Transferors shall deliver to Transferees certificate or certificates representing the CLAD Shares.

  

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ARTICLE II

REPRESENTATIONS AND WARRANTIES

Section 2.01.  Representations and Warranties of Transferee.  Each Transferee represents and warrants to each Transferor as follows:

(a)           Each Transferee has all power and authority to execute, deliver and perform this Agreement.

(b)           This Agreement is the valid and binding obligation of each Transferee, enforceable against each Transferee in accordance with its terms.

(c)           The CLAD Shares will be acquired for investment for the account of each Transferee. In connection therewith, each Transferee confirms that he or she is neither a U.S Person, as such term is defined in Rule 902(k) of Regulation S, nor located within the United States, and that the transaction will be between non-U.S. Persons, and take place outside of the United States.  Each Transferee further confirms that he or she is not acquiring the securities for the account or benefit of any U.S. person.

(d)           Each Transferee has never been contacted concerning the acquired CLAD Shares or the matters set forth in this Agreement by means of any advertisement or other general solicitation.

(e)           Each Transferee understands that (i) the CLAD Shares have not been registered under either the Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any state by reason of specific exemptions there from and that such securities may be resold in the United States without registration under the Securities Act only in certain limited circumstances.

(f)           Each Transferee has access to information relating to CLAD as Each Transferee deem necessary to make an informed decision in connection with the CLAD Shares, and except as provided in Section 2.02 below, Each Transferor is making no representations and warranties concerning the CLAD Shares or the business of CLAD

(g)           Each Transferee understands that Regulation S promulgated under the Securities Act, is available only for offers and sales of securities outside the United States, and will comply with Regulation S.

(h)           Legends.  Each Transferee acknowledges that the CLAD Shares he or she acquired are Restricted Stock that have not been registered and will bear the restrictive legend.

(i)           Each Transferee acknowledges that he or she is aware of the respective obligations under the Securities Exchange Act of 1934 (the “1934 Act”), including, but not limited to those filing obligations that are triggered as a result of the consummation of the sale of the CLAD Shares pursuant to Sections 13 and 16 of the 1934 Act, together with filings required to be made by CLAD, under the control of Each Transferee, if applicable.

Section 2.02.   Representations and Warranties of Each Transferor.  Each Transferor represents and warrants to each Transferee as follows:

(a)           Each Transferor has all power and authority to execute, deliver and perform this Agreement.

(b)           This Agreement is the valid and binding obligation of each Transferor, enforceable against each Transferors in accordance with its terms.

(c)           Each Transferor is the record and beneficial owner of the CLAD Shares acquired by Each Transferee and the CLAD Shares exchanged pursuant to this agreement have not been assigned, pledged, sold, transferred or otherwise conveyed.

 

  

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ARTICLE III

 

MISCELLANEOUS

Section 3.01.   Governing Law; Successors and Assigns.  This Agreement shall be governed and construed in accordance with the law of the State of New York and applicable federal law and shall be binding upon the heirs, personal representatives, executors, administrators, successors and assigns of the parties

Section 3.02.  Entire Agreement.  This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes and replaces any prior agreement or understanding between Each Transferee and Each Transferor with respect to the transfer of the CLAD Shares between Each Transferor and Each Transferee.

Section 3.03.  Headings.  The headings of the Sections of this Agreement are for convenience and shall not by themselves determine the interpretation of this Agreement.

Section 3.04.  Counterparts.  This Agreement may be executed in any number of counterpart copies, all of which copies shall constitute one and the same instrument.

 

 

  

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

 

TRANSFERORS

By

	/s/ Chin Yung Kong	  
	
Chin Yung Kong

TRANSFEREES

	 /s/ Yong Huang	  
	
Yong Huang

 

	/s/ Wenju Lv	  
	
Wenju Lv

	/s/ Geng Chen	  
	
Geng Chen

 

  

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Schedule A

	
Transferors

	
Total Number of Shares Transferred Out

	
Transferees

	
Total Number of

 Shares Acquired

	
Purchase Price

USD Per Share

	
Chin Yung Kong

	
6,000,000

	
Yong Huang

	
2,000,000

	  
	
Wenju Lv

	
2,000,000

	  
	
Geng Chen

	
2,000,000

	  

 

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