Document:

exhibit_10-1.htm

Exhibit 10.1 - Agreement of Assets Replacement Attachment

(Conformed Signatures)

Place of Signing: Lanzhou China

 

	
Party A: 

	
Gansu YaSheng Salt Industrial Group Co., Ltd.

 

	
Address: 

	
No. 105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

 

	
Legal Representative: 

	
Ye Dong

 

	
Party B: 

	
Gansu Asia-America Trade Co., Ltd. (also translated as “Gansu Yasheng America Trade Co., Ltd.”)

 

	
Address: 

	
No. 105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

 

	
Legal Representative: 

	
Haiyun Zhuang

 

	
Party C: 

	
Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd

 

	
Address: 

	
No. 65 Jiefang Rd, Jinta County, Gansu Province

 

	
Legal Representative: 

	
Zhiguo Ren

 

Considering that: YaSheng Group is a US company registered at 805 Veterans Blvd., Suite 228, Redwood City, CA 94063, which reports to The U.S. Securities and Exchange Commission (SEC) in accordance to the Securities Exchange Act of 1934 Article 13 or 15(d). It is a Party A's holding subsidiary.  Party B is YaSheng Group's wholly owned subsidiary operating in China, Party C is Party A's wholly owned subsidiary.

 

Considering that: In 2010, Party B signed a series of entrusted management with the following seven entities:

 

Gansu Tiaoshan Agricultural Industrial Commercial Group Co., Ltd.

 

Gansu Hongtai Agricultural Technology Co., Ltd.

 

Gansu Xiaheqing Industrial Co., Ltd.

 

Gansu Jinta Hengsheng Agricultural Development Co., Ltd.

 

Gansu Jinta Xingsheng Industrial Co., Ltd.

 

Gansu Jinta Yongsheng Agricultural Development Company

 

Gansu Jinta Yuantai Commercial Trading Co., Ltd

 

Under the lead of Party A, all parties have agreed to the replacement of assets: Party B and C have agreed to a single unified swap transaction whereby Party B shall assign, convey and transfer to Party C all its rights and obligations arising from and in connection with seven long-term management rights (the “Management Rights”)  and that Party C shall, in exchange for the receipt of such Management Rights, assign, convey and transfer to Party B all its rights and obligations arising from and in connection with five agricultural lease management rights (the “Lease Management Rights”).  The exchange of the Management Rights and the Lease Management Rights is hereafter referred to as the “Swap”.  The Swap is undertaken to optimize the group's internal structure and to bring it to a significant leap in its business.

 

 

  

1

  

 

Hence, all parties agree to the following:

 

1.           Party B agrees to transfer all of Party B’s rights and obligations under the Management Rights and transfers all of B’s rights and obligations under the Management Rights to Party C.  Details of the Agreement for the Alteration of Parties Pertaining to the Entrusted Management Protocol can be found in attachment #1.

 

2.           Party C agrees to accept the assignment of rights and obligations under the Management Rights and, as consideration for and in exchange for the receipt of those Management Rights, Party C agrees to transfer all of Party C’s rights and obligations under the Lease Management Rights to Party B.

 

3.           Pursuant to the Swap, therefore, Party B will have the management right of the assets of the waxberry plantation, broccoli plantation, honey orange plantation and bamboo plantation, etc.

 

4.           Pursuant to the Swap, Party B will be swapping out the assets and liabilities as reflected in its most recent balance sheet filed on form 10K with the U.S. securities and exchange Commission to Party C, and receiving as part of the Swap, the assets and liabilities of Party C, as reflected on the balance sheet dated Dec 31, 2014 set forth in the information statement under heading ''assets swapped in" mailed to its shareholders on December 9, 2015.

 

5.           Independent asset appraisal agencies have been hired to undergo asset appraisal against inflow and outflow assets before the replacement.  All parties consent to the result of appraisal and agree that the Management Rights and the Lease Management Rights are approximately of equivalent value.

 

6.           The accounted replacement of assets are agreed and authorized by the respective boards of directors of Party C and Party B.

 

7.           Effectiveness of the replacement

 

A.          The base day of the appraisal is 12/31/2014.

 

B.          Starting from the effective day as described below in Section 13, the assets shall be transferred to the prescribed party unless stated otherwise in other agreements. The assets, liabilities and business consequences shall be held against the new party.

 

8.           Promises and commitments

 

A.          All parties promise that all obligations regarding the assets that are the subject of the Swap will have been realized as of the effective day. Furthermore, all parties shall manage their assets to be replaced, liabilities and business in due manner starting from the base day.

 

B.          All parties promise that the assets to be exchanged of each party will not have new significant liabilities except for those disclosed in financial statements and those small amount of liabilities in the course of normal business after the base day.

 

 

  

2

  

 

C.          All parties  promise that, as of the effective  day, the assets to be exchanged will not carry pledges, guaranties,  liens or security  interests of any fashion (except for those disclosed in financial statements).

 

D.          According to Article 1 of the Guiding Catalog of Foreign Invested Industries (2015 edition), the agricultural assets to be transferred to Party B are organic agricultural produce and fruits, which belong to the industries open to foreign investment without restrictions or prohibitions. Party A and C will make sure the assets to be exchanged are in line with national and industrial standards and specifications.

 

9.           Responsibilities for the breach of agreement

 

A.          All parties shall be held accountable for the loss of others provided that the prescribed assets to be exchanged are not placed in full amount, and a penalty of 10% of the net value of the assets to be exchanged will be charged.

 

B.          The exchange of assets being unable to be approved, registered or filed by the government will be deemed force majeure so that there is no legal accountability against each other.

 

10.         Agreement Termination:

 

A.          On occasion of significant change at any time up to the effectiveness date as set forth in Section 13, this agreement may be terminated with the consent of all parties through mutual consultation.

 

B.           On occasion of force majeure at any time up to the effectiveness date as set forth in Section 13, this agreement may be terminated.

 

11.         Dispute settlement

 

On occasion of dispute over matters concerning the acceptance and execution of this agreement, all parties should resort to friendly consultation.  However, if consultation fails, any party may file a law suit to the local court that has the jurisdiction over the place of signing.·

 

12.         Pending issues

 

All parties may sign supplementary agreements over pending issues.

 

13.         Effectiveness

 

This Agreement takes effect upon the signing or stamping by all parties and the receipt by Party B of all five Lease Management Rights and the receipt by Party C of all seven Management Rights that are included as part of the Swap.

 

14.         This Agreement is signed in six copies. Each party shall keep two copies. Each copy carries equal legal validity.

 

15.         The attachments are part of the agreement and cannot be used apart. They carry equal legal validity with this agreement.

 

16.         It is agreed that

 

Notwithstanding anything to the contrary in this Agreement, the transfer of the seven Management Rights and the related balance sheet to Party C shall not be effective before 21 days after mailing of the information statement describing the Swap to the shareholders of YaSheng Group.

 

The end of agreement main body followed by signature page

 

  

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Part A: Gansu YaSheng Salt Chemical Industrial Group Co., Ltd

/s/Ye Dong 

Ye Dong

Date: December 29, 2015

Party B: Gansu Asia-America Trade Co., Ltd.

/s/Haiyun Zhuang

Haiyun Zhuang

Date: December 29, 2015

Party C: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd

 

/s/Zhiguo Ren

 Zhiguo Ren

Date: December 29, 2015

Attachments:

I. AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO THE ENTRUSTED MANAGEMENT PROTOCOL

2. AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO THE AGREEMENT OF CIRCULATION OF LAND

 

 

  

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Exhibit 10.1 - Attachment #1 (Conformed Signatures)

 

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO

THE ENTRUSTED MANAGEMENT PROTOCOL

	
Party A:

	
Gansu Asia-America Trade Co., Ltd. (also translated as Gansu Yasheng America Trade Co., Ltd.)

 

	
Address: 

	
No. 105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

 

	
Legal Representative: 

	
Haiyun Zhuang

 

 

	
Party B: 

	
Gansu Hongtai Agricultural Technology Co., Ltd.

 

	
Address: 

	
Luotuochengxitan, Zhangye City, Gansu Province

 

	
Legal Representative: 

	
Binnian Wan

 

 

	
Party C: 

	
Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

	
Address: 

	
No. 65, Jiefang Road, Jinta County, Gansu Province

 

	
Legal Representative: 

	
Zhiguo Ren

 

 

1.           Based on the fact that:  (A) Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd.; (B) Party A and C have agreed to a single unified swap transaction whereby Party A shall assign, convey and transfer to Party C all its rights and obligations arising from and in connection with seven long-term management rights and that Party C shall, in exchange for the receipt of such management rights, assign, convey and transfer to Party A all its rights and obligations arising from and in connection with five agricultural lease management rights (the “Swap”); and (C) Party A and B entered into the Entrusted Management Protocol on 12/28/2010 (the “Management Agreement”) and the Management Agreement is one of the seven long-term management rights held by Party A that is to be assigned, conveyed and transferred to Party C as part of the Swap.  Now, as a component part of the Swap, Party A, B and C have agreed to alter the parties pertaining to the Management Agreement.  Details are as follows:

 

A.           Party A and B agree to terminate the Management Agreement.

 

B.           All parties agree to transfer Party A’s rights and obligations to Party C.

 

C.           Party B and C agree to sign a new Entrusted Management Protocol.

 

D.           Party B promises that the original rights and obligations will remain unchanged.

 

E.           Party C is entitled to Party A’ obligations in the Management Agreement.

 

F.           This Agreement is signed in six copies.  Each party shall keep two copies.

 

G.           This Agreement takes effect upon the signing or stamping by all parties and the receipt by Party A of all five replacement agricultural lease management rights that are included as part of the Swap .

 

 

The end of agreement main body followed by signature page

 

  

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Part A: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

Haiyun Zhuang

Date: December 29, 2015

Party B: Gansu Hongtai Agricultural Technology Co., Ltd.

/s/Binnian Wan

Binnian Wan

Date: December 29, 2015

Party C: Gansu YaSheng Agro-Industrial and Commerce (Group) Co., Ltd

 

/s/Zhiguo Ren

 Zhiguo Ren

Date: December 29, 2015

  

6

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO

THE ENTRUSTED MANAGEMENT PROTOCOL

	
Party A:

	
Gansu Asia-America Trade Co., Ltd. (also translated as Gansu Yasheng America Trade Co., Ltd.)

 

	
Address: 

	
No. 105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

 

	
Legal Representative: 

	
Haiyun Zhuang

 

 

	
Party B: 

	
Gansu Xiaheqing Industrial Co., Ltd.

 

	
Address: 

	
No. 2, Aviation Road, Xiaheqing District, Jiuquan City, Gansu Province

 

	
Legal Representative: 

	
Luqing Chen

 

 

	
Party C: 

	
Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

	
Address: 

	
No. 65, Jiefang Road, Jinta County, Gansu Province

 

	
Legal Representative: 

	
Zhiguo Ren

 

 

1.           Based on the fact that:  (A) Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd.; (B) Party A and C have agreed to a single unified swap transaction whereby Party A shall assign, convey and transfer to Party C all its rights and obligations arising from and in connection with seven long-term management rights and that Party C shall, in exchange for the receipt of such management rights, assign, convey and transfer to Party A all its rights and obligations arising from and in connection with five agricultural lease management rights (the “Swap”); and (C) Party A and B entered into the Entrusted Management Protocol on 12/28/2010 (the “Management Agreement”) and the Management Agreement is one of the seven long-term management rights held by Party A that is to be assigned, conveyed and transferred to Party C as part of the Swap.  Now, as a component part of the Swap, Party A, B and C have agreed to alter the parties pertaining to the Management Agreement.  Details are as follows:

 

A.           Party A and B agree to terminate the Management Agreement.

 

B.           All parties agree to transfer Party A’s rights and obligations to Party C.

 

C.           Party B and C agree to sign a new Entrusted Management Protocol.

 

D.           Party B promises that the original rights and obligations will remain unchanged.

 

E.           Party C is entitled to Party A’ obligations in the Management Agreement.

 

F.           This Agreement is signed in six copies.  Each party shall keep two copies.

 

G.           This Agreement takes effect upon the signing or stamping by all parties and the receipt by Party A of all five replacement agricultural lease management rights that are included as part of the Swap.

 

 

The end of agreement main body followed by signature page

 

  

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Part A: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

 Haiyun Zhuang

Date: December 29, 2015

Party B: Gansu Xiaheqing Industrial Co., Ltd.

/s/Luqing Chen

 Luqing Chen

Date: December 29, 2015

Party C: Gansu YaSheng Agro-Industrial and Commerce (Group) Co., Ltd

/s/Zhiguo Ren

 Zhiguo Ren

Date: December 29, 2015

  

8

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO

THE ENTRUSTED MANAGEMENT PROTOCOL

	
Party A:

	
Gansu Asia-America Trade Co., Ltd. (also translated as Gansu Yasheng America Trade Co., Ltd.)

 

	
Address: 

	
No. 105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

 

	
Legal Representative: 

	
Haiyun Zhuang

 

 

	
Party B: 

	
Gansu Jinta Hengsheng Agricultural Development Co., Ltd.

 

	
Address: 

	
Jinta Town, Jiuquan City, Gansu Province

 

	
Legal Representative: 

	
Youping Chen

 

 

	
Party C: 

	
Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

	
Address: 

	
No. 65, Jiefang Road, Jinta County, Gansu Province

 

	
Legal Representative: 

	
Zhiguo Ren

 

 

1.           Based on the fact that:  (A) Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd.; (B) Party A and C have agreed to a single unified swap transaction whereby Party A shall assign, convey and transfer to Party C all its rights and obligations arising from and in connection with seven long-term management rights and that Party C shall, in exchange for the receipt of such management rights, assign, convey and transfer to Party A all its rights and obligations arising from and in connection with five agricultural lease management rights (the “Swap”); and (C) Party A and B entered into the Entrusted Management Protocol on 12/28/2010 (the “Management Agreement”) and the Management Agreement is one of the seven long-term management rights held by Party A that is to be assigned, conveyed and transferred to Party C as part of the Swap.  Now, as a component part of the Swap, Party A, B and C have agreed to alter the parties pertaining to the Management Agreement.  Details are as follows:

 

A.           Party A and B agree to terminate the Management Agreement.

 

B.           All parties agree to transfer Party A’s rights and obligations to Party C.

 

C.           Party B and C agree to sign a new Entrusted Management Protocol.

 

D.           Party B promises that the original rights and obligations will remain unchanged.

 

E.           Party C is entitled to Party A’ obligations in the Management Agreement.

 

F.           This Agreement is signed in six copies.  Each party shall keep two copies.

 

G.           This Agreement takes effect upon the signing or stamping by all parties and the receipt by Party A of all five replacement agricultural lease management rights that are included as part of the Swap .

 

 

The end of agreement main body followed by signature page

 

  

9

  

Part A: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

 Haiyun Zhuang

Date: December 29, 2015

Party B: Gansu Jinta Hengsheng Agricultural Development Co., Ltd.

/s/Youping Chen

 Youping Chen

Date: December 29, 2015

Party C: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd

/s/Zhiguo Ren

 Zhiguo Ren

Date: December 29, 2015

  

10

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO

THE ENTRUSTED MANAGEMENT PROTOCOL

	
Party A:

	
Gansu Asia-America Trade Co., Ltd. (also translated as Gansu Yasheng America Trade Co., Ltd.)

 

	
Address: 

	
No. 105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

 

	
Legal Representative: 

	
Haiyun Zhuang

 

 

	
Party B: 

	
Gansu Jinta Xingsheng Industrial Co., Ltd.

 

	
Address: 

	
Jinta Town, Jiuquan City, Gansu Province

 

	
Legal Representative: 

	
Hanchun Xu

 

 

	
Party C: 

	
Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

	
Address: 

	
No. 65, Jiefang Road, Jinta County, Gansu Province

 

	
Legal Representative: 

	
Zhiguo Ren

 

 

1.           Based on the fact that:  (A) Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd.; (B) Party A and C have agreed to a single unified swap transaction whereby Party A shall assign, convey and transfer to Party C all its rights and obligations arising from and in connection with seven long-term management rights and that Party C shall, in exchange for the receipt of such management rights, assign, convey and transfer to Party A all its rights and obligations arising from and in connection with five agricultural lease management rights (the “Swap”); and (C) Party A and B entered into the Entrusted Management Protocol on 12/28/2010 (the “Management Agreement”) and the Management Agreement is one of the seven long-term management rights held by Party A that is to be assigned, conveyed and transferred to Party C as part of the Swap.  Now, as a component part of the Swap, Party A, B and C have agreed to alter the parties pertaining to the Management Agreement.  Details are as follows:

 

A.           Party A and B agree to terminate the Management Agreement.

 

B.           All parties agree to transfer Party A’s rights and obligations to Party C.

 

C.           Party B and C agree to sign a new Entrusted Management Protocol.

 

D.           Party B promises that the original rights and obligations will remain unchanged.

 

E.           Party C is entitled to Party A’ obligations in the Management Agreement.

 

F.           This Agreement is signed in six copies.  Each party shall keep two copies.

 

G.           This Agreement takes effect upon the signing or stamping by all parties and the receipt by Party A of all five replacement agricultural lease management rights that are included as part of the Swap .

 

 

The end of agreement main body followed by signature page

 

  

11

  

Part A: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

 Haiyun Zhuang

Date: December 29, 2015

Party B: Gansu Jinta Xingsheng Industrial Co., Ltd.

/s/Hanchun Xu

 Hanchun Xu

Date: December 29, 2015

Party C: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd

/s/Zhiguo Ren

 Zhiguo Ren

Date: December 29, 2015

  

12

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO

THE ENTRUSTED MANAGEMENT PROTOCOL

	
Party A:

	
Gansu Asia-America Trade Co., Ltd. (also translated as Gansu Yasheng America Trade Co., Ltd.)

 

	
Address: 

	
No. 105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

 

	
Legal Representative: 

	
Haiyun Zhuang

 

 

	
Party B: 

	
Gansu Jinta Yongsheng Agricultural Development Company

 

	
Address: 

	
Shengdian, Jinta County, Jinta City, Gansu Province

 

	
Legal Representative: 

	
Yongcheng He

 

 

	
Party C: 

	
Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

	
Address: 

	
No. 65, Jiefang Road, Jinta County, Gansu Province

 

	
Legal Representative: 

	
Zhiguo Ren

 

 

1.           Based on the fact that:  (A) Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd.; (B) Party A and C have agreed to a single unified swap transaction whereby Party A shall assign, convey and transfer to Party C all its rights and obligations arising from and in connection with seven long-term management rights and that Party C shall, in exchange for the receipt of such management rights, assign, convey and transfer to Party A all its rights and obligations arising from and in connection with five agricultural lease management rights (the “Swap”); and (C) Party A and B entered into the Entrusted Management Protocol on 12/28/2010 (the “Management Agreement”) and the Management Agreement is one of the seven long-term management rights held by Party A that is to be assigned, conveyed and transferred to Party C as part of the Swap.  Now, as a component part of the Swap, Party A, B and C have agreed to alter the parties pertaining to the Management Agreement.  Details are as follows:

 

A.           Party A and B agree to terminate the Management Agreement.

 

B.           All parties agree to transfer Party A’s rights and obligations to Party C.

 

C.           Party B and C agree to sign a new Entrusted Management Protocol.

 

D.           Party B promises that the original rights and obligations will remain unchanged.

 

E.           Party C is entitled to Party A’ obligations in the Management Agreement.

 

F.           This Agreement is signed in six copies.  Each party shall keep two copies.

 

G.           This Agreement takes effect upon the signing or stamping by all parties and the receipt by Party A of all five replacement agricultural lease management rights that are included as part of the Swap.

 

 

The end of agreement main body followed by signature page

 

  

13

  

Part A: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

 Haiyun Zhuang

Date: December 29, 2015

Party B: Gansu Jinta Yongsheng Agricultural Development Company

/s/Yongcheng He

 Yongcheng He

Date: December 29, 2015

Party C: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd

/s/Zhiguo Ren

 Zhiguo Ren

Date: December 29, 2015

  

14

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO

THE ENTRUSTED MANAGEMENT PROTOCOL

 

	
Party A:

	
Gansu Asia-America Trade Co., Ltd. (also translated as Gansu Yasheng America Trade Co., Ltd.)

 

	
Address: 

	
No. 105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

 

	
Legal Representative: 

	
Haiyun Zhuang

 

 

	
Party B: 

	
Gansu Jinta Yuantai Commercial Trading Co., Ltd

 

	
Address: 

	
Shengdian, Jinta County, Jinta City, Gansu Province

 

	
Legal Representative: 

	
Jianping Guo

 

 

	
Party C: 

	
Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

	
Address: 

	
No.65, Jiefang Road, Jinta County, Gansu Province

 

	
Legal Representative: 

	
Zhiguo Ren

 

 

1.           Based on the fact that:  (A) Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd.; (B) Party A and C have agreed to a single unified swap transaction whereby Party A shall assign, convey and transfer to Party C all its rights and obligations arising from and in connection with seven long-term management rights and that Party C shall, in exchange for the receipt of such management rights, assign, convey and transfer to Party A all its rights and obligations arising from and in connection with five agricultural lease management rights (the “Swap”); and (C) Party A and B entered into the Entrusted Management Protocol on 12/28/2010 (the “Management Agreement”) and the Management Agreement is one of the seven long-term management rights held by Party A that is to be assigned, conveyed and transferred to Party C as part of the Swap.  Now, as a component part of the Swap, Party A, B and C have agreed to alter the parties pertaining to the Management Agreement.  Details are as follows:

 

A.           Party A and B agree to terminate the Management Agreement.

 

B.           All parties agree to transfer Party A’s rights and obligations to Party C.

 

C.           Party B and C agree to sign a new Entrusted Management Protocol.

 

D.           Party B promises that the original rights and obligations will remain unchanged.

 

E.           Party C is entitled to Party A’ obligations in the Management Agreement.

 

F.           This Agreement is signed in six copies.  Each party shall keep two copies.

 

G.           This Agreement takes effect upon the signing or stamping by all parties and the receipt by Party A of all five replacement agricultural lease management rights that are included as part of the Swap .

 

 

The end of agreement main body followed by signature page

 

  

15

  

Part A: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

 Haiyun Zhuang

Date: December 29, 2015

Party B: Gansu Jinta Yuantai Commercial Trading Co., Ltd

/s/Jianping Guo

 Jianping Guo

Date: December 29, 2015

Party C: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd

/s/Zhiguo Ren

Zhiguo Ren

Date: December 29, 2015

  

16

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO THE AGREEMENT OF CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT FOR THE 9200 mu TANGERINE PLANTATION

Party A: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

Address: Jiefang Rd, Jinta County, Gansu Province

Legal Representative: Zhiguo Ren

 

Party B: The Linhai City Tengfei Fruit & Vegetable Professional Cooperative

Address: Chengwai Village Tao Zhu County Linhai City

Legal Representative: Xiongwei Huang

 

Party C: Gansu Asia-America Trade Co., Ltd

Address: No.105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

Legal Representative: Haiyun Zhuang

 

Based on the fact that: Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd, and Party A and B entered into the Agreement of Circulation of Land Contracted Management Right over the Linhai City Tengfei Fruit & Vegetable Professional Cooperative Tangerine Plantation on 12/21/2009. Now, Party A, B and C have agreed to alter the parties pertaining to the agreement. Details are as follows:

 

1.     Party A and B agree to terminate the Agreement of Circulation of Land Contracted Management Right over the Linhai City Tengfei Fruit & Vegetable Professional Cooperative Tangerine Plantation signed into effect on 12/21/2009.

 

2.     All parties agree to alter the subcontractor in the agreement and transfer Party A’s rights and obligations to Party C: Gansu Asia-America Trade Co., Ltd.

 

3.     Party B and C agree to sign a new Agreement of Circulation of Land Contracted Management Right over the Linhai City Tengfei Fruit & Vegetable Professional Cooperative Tangerine Plantation.

 

4.     Party B promises that the original rights and obligations will remain unchanged.

 

5.     Party C is entitled to Party A’s obligations in the agreement.  The balance from the transaction of the circulation of land contracted management right has been paid in full amount as of the signing of this agreement.

 

6.     This Agreement is signed in six copies. Each party shall keep two copies. This Agreement takes effect from the day of signing or stamping by all parties.

 

 

Party A: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

/s/Zhiguo Ren

Zhiguo Ren

Date: 09/22/2015

Party B: The Linhai City Tengfei Fruit & Vegetable Professional Cooperative

 

/s/Xiongwei Huang

Xiongwei Huang

Date: 09/22/2015

Party C: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

Haiyun Zhuang

Date: 09/22/2015

  

17

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO THE AGREEMENT OF CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT FOR 16000 THE TANGERINE PLANTATION

 

 

Party A: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

Address: Jiefang Rd, Jinta County, Gansu Province

Legal Representative: Zhiguo Ren

 

PartyB: The Linhai City Sitian Fruit & Vegetable Professional Cooperative

Address: Chengwai Village Tao Zhu County Linhai City

Legal Representative: Yuanqiu Huang

 

Party C: Gansu Asia-America Trade Co., Ltd

Address: No.105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

Legal Representative: Haiyun Zhuang

 

Based on the fact that: Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd, and Party A and B entered into the Agreement of Circulation of Rural Land Contracted Management Right on 12/26/2009. Now, Party A, B and C have agreed to alter the parties pertaining to the agreement. Details are as follows:

 

1.           Party A and  B agree to terminate the Agreement of Circulation of Rural Land Contracted Management Right signed into effect on 12/26/2009.

 

2.           All parties agree to alter the subcontractor in the agreement and transfer Party A’s rights and obligations to Party C: Gansu Asia-America Trade Co., Ltd.

 

3.           Party B and C agree to sign a new Agreement of Circulation of Rural Land Contracted Management Right.

 

4.           Party B promises that the original rights and obligations will remain unchanged.

 

5.           Party C is entitled to Party A’s obligations in the agreement. The balance from the transaction of the circulation of land contracted management right has been paid in full amount as of the signing of this agreement.

 

6.           This Agreement is signed in six copies. Each party shall keep two copies. This Agreement takes effect from the day of signing or stamping by all parties.

 

Party A: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

/s/Zhiguo Ren

Zhiguo Ren

Date: 09/22/2015

Party B: The Linhai City Sitian Fruit & Vegetable Professional Cooperative

 

/s/Yuanqiu Huang

Yuanqiu Huang

 

Date: 09/22/2015

Party C: Gansu Asia-America Trade Co., Ltd

 

/s/Haiyun Zhuang

Haiyun Zhuang

Date: 09/22/2015

  

18

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO THE AGREEMENT OF CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT FOR 24,000 BROCCOLI PLANTATION

Party A: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

Address: Jiefang Rd, Jinta County, Gansu Province

Legal Representative: Zhiguo Ren

 

PartyB: The Linhai City Sitian Fruit & Vegetable Professional Cooperative

Address: Chengwai Village Tao Zhu County Linhai City

Legal Representative: Yuanqiu Huang

 

Party C: Gansu Asia-America Trade Co., Ltd

Address: No.105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

Legal Representative: Haiyun Zhuang

 

Based on the fact that: Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd, and Party A and B entered into the Agreement of Circulation of Rural Land Contracted Management Right on 12/29/2009. Now, Party A, B and C have agreed to alter the parties pertaining to the agreement. Details are as follows:

 

1.           Party A and B agree to terminate the Agreement of Circulation of Rural Land Contracted Management Right signed into effect on 12/29/2009.

 

2.           All parties agree to alter the subcontractor in the agreement and transfer Party A’s rights and obligations to Party C: Gansu Asia-America Trade Co., Ltd.

 

3.           Party B and C agree to sign a new Agreement of Circulation of Rural Land Contracted Management Right.

 

4.           Party B promises that the original rights and obligations will remain unchanged.

 

5.           Party C is entitled to Party A’s obligations in the agreement. The balance from the transaction of the circulation of land contracted management right has been paid in full amount as of the signing of this agreement. 

 

6.           This Agreement is signed in six copies. Each party shall keep two copies. This Agreement takes effect from the day of signing or stamping by all parties.

 

Party A: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

/s/Zhiguo Ren

Zhiguo Ren

Date: 09/22/2015

Party B:  The Linhai City Sitian Fruit & Vegetable Professional Cooperative

 

/s/Yuanqiu Huang

Yuanqiu Huang

Date: 09/22/2015

Party C: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

Haiyun Zhuang

Date: 09/22/2015

  

19

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO THE AGREEMENT OF CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT FOR THE 18,000 mu BAMBOO FARMING

Party A: Gansu YaSheng Agro-Industrial and Commerce (Group) Co., Ltd.

Address: Jiefang Rd, Jinta County, Gansu Province

Legal Representative:  Zhiguo Ren

 

Party B: The Taizhou City Huang Yan Hou Ao Asparagus & Bamboo Professional Cooperative

Address: Hou Ao Village Huang Yan District Taizhou City

Legal Representative: Zhaoshou Huang

 

Party C:  Gansu Asia-America Trade  Co.,  Ltd

Address: No.105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

Legal Representative: Haiyun Zhuang

 

Based on the fact that: Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd, and Party A and B entered into the Agreement of Circulation of Rural Land Contracted Management Right on 12/23/2009. Now, Party A, B  and C  have agreed to alter the parties pertaining to the agreement. Details are as follows:

 

1.           Party A and B agree to terminate the Agreement of Circulation of Rural Land Contracted Management Right signed into effect on 12/23/2009.

 

2.           All parties agree to alter the subcontractor in the agreement and  transfer Party A’s rights and obligations to Party C: Gansu Asia-America Trade Co., Ltd.

 

3.           Party B and C agree to sign a new Agreement of Circulation of Rural Land Contracted Management Right.

 

4.           Party B promises that the original rights and obligations will remain unchanged.

 

5.           Party C is entitled to Party A’s obligations in the agreement. The balance from the transaction of the circulation of land contracted management right has been paid in full amount as of the signing of this agreement.

 

6.           This Agreement is signed in six copies. Each party shall keep two copies. This Agreement takes effect from the day of signing or stamping by all parties.

 

 

Party A: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

/s/Zhiguo Ren

Zhiguo Ren

Date: 09/22/2015

Party B: The Taizhou City Huang Yan Hou Ao Asparagus & Bamboo Professional Cooperative

 

/s/Zhaoshou Huang

Zhaoshou Huang

Date: 09/22/2015

Party C: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

Haiyun Zhuang

 

Date: 09/22/2015

  

20

  

AGREEMENT FOR THE ALTERATION OF PARTIES PERTAINING TO THE AGREEMENT OF CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT FOR 9057 mu PLUM FARMING

Party A: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd

Address: Jiefang Rd, Jinta County, Gansu Province

Legal Representative: Zhiguo Ren

 

Party B: The Xianju County Xiajing Golden Plum Farming & Breeding Professional Cooperative of Zhejiang Province

Address: Wangzhaoling Village, Guangdu Township, Xianju County

Legal Representative: Liufu Zhang

 

Party C: Gansu Asia-America Trade Co., Ltd.

Address: No.105 Qin An Rd, Chengguan District, Lanzhou City, Gansu Province

Legal Representative: Haiyun Zhuang

 

1.     Based on the fact that: Party A and C are companies under Gansu YaSheng Salt Chemical Industrial Group Co., Ltd, and Party A and B entered into the Agreement of Circulation of Rural Land Contracted Management Right on 12/19/2009. Now, Party A, B and C have agreed to alter the parties pertaining to the agreement. Details are as follows:

 

A.     Party A and B agree to terminate the Agreement of Circulation of Rural Land Contracted Management Right signed into effect on 12/19/2009.

 

B.     All parties agree to alter the subcontractor in the agreement and transfer Party A’s rights and obligations to Party C: Gansu Asia-America Trade Co., Ltd.

 

C.     Party B and C agree to sign a new Agreement of Circulation of Rural Land Contracted Management Right.

 

D.     Party B promises that the original rights and obligations will remain unchanged.

 

E.     Party C is entitled to Party A’s obligations in the agreement. The balance from the transaction of the circulation of land contracted management right has been paid in full amount as of the signing of this agreement.

 

F.     This Agreement is signed in six copies. Each party shall keep two copies. This Agreement takes effect from the day of signing or stamping by all parties.

 

Party A: Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

/s/Zhiguo Ren

Zhiguo Ren

Date: 09/22/2015

Party B: The Xianju County Xiajing Golden Plum Farming & Breeding Professional Cooperative of Zhejiang Province

 

/s/Liufu Zhang

Liufu Zhang

Date: 09/22/2015

Party C: Gansu Asia-America Trade Co., Ltd

/s/Haiyun Zhuang

Haiyun Zhuang

Date: 09/22/2015

21exhibit_10-2.htm

  Exhibit 10.2 (Conformed Signatures)

  AGREEMENT FOR THE CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT OF THE LINHAI CITY TENGFEI FRUIT & VEGETABLE PROFESSIONAL COOPERATIVE

Party A: The Linhai City Tengfei Fruit & Vegetable Professional Cooperative

 

Party B: Gansu Asia-America Trade Co., Ltd.

 

In order to safeguard the lawful rights and interests of both parties, on the basis of The Contract Law of the People’s Republic of China, The Law of the People’s Republic of China on Land Contract in Rural Areas, The Measures for the Administration of Circulation of Rural Land Contracted Management Right and all other related laws and regulations, and according to The Contract for the Reclamation of Undeveloped Rural Mountain Areas signed between Party A and the village committee of Chengwai Village Taozhu County Linhai City, both parties agree to conclude this Agreement through mutual consultation and consent. It is each party’s responsibility to observe this Agreement.

 

 

Article 1: The Ways of Settlement, Use of Land, Term of Validity and Delivery Specifications Regarding Land Lease

The Conditions of the Land for Lease: Party A shall transfer the land contracted management right over the tangerine plantation with an area of 9200 mu (614 hectares), located in Chengwai Village Taozhu County Linhai City, to Party B for planting economic forestry like fruits. The plantation starts from Taozhu County in the East, Shangjiang Village in the West, and stops at Jiansi Village in the North and Donggua (wax gourd) Mountain in the South.

Use of Land: For the purpose of planting and operating economic forestry like fruits.

Term of Validity: Start from the date of complete assets replacement and official announcement to 12/31/2039 (the length of this term shall not go beyond the remaining contractual life of the land’s contracted management).

Delivery Specifications: The tangerine plantation will be delivered to Party B as is, on the day of lease.

 

 

  

1

  

Article 2: Rights and Obligations for Both Parties

For Party A:

 

1. Monitor and supervise the use of land during Party B’s contracted management, ensuring that the land is legitimately and appropriately used in line with this Agreement.

2. Collect leasing fees receivable from Party B according to this Agreement. Within the term of this Agreement, Party A should not raise the contract cost by any means.

3. Assure the independent operation of Party B, not committing acts that will infringe upon Party B’s lawful rights and interests.

4. Execute all-round cooperation with Party B and provide comprehensive support to them on the development and application of cutting-edge agricultural technologies.

5. Ensure the uninterruptible supply of water and electricity as per this Agreement.

6. Party A must not re-lease the land to a third party after this Agreement takes effect.

For Party B:

1. Lawfully act the land-contracted management right under the land use and term of contract agreed and specified in this Agreement. Within the term of this Agreement, Party B has the right to execute the following to its land contracted management right: leasing, selling shares, subcontracting, etc.

2. Party B is entitled to the profits made from the contracted management of the land and the ownership of any expanded land and purchased asset consistent with this Agreement.

3. Party B may build production and living facilities with functions in line with this Agreement on the contracted land.

4. Enjoy the right to access community facilities.

5. Party B must not use its land contracted management right to commit non-agricultural for-profit activities.

 

  

2

  

 

6. Party B must develop the contracted land in view of environmental protection and land conservation.

7. Party B is entitled to the national preferential policies and incentives for agricultural enterprises.

 

 

Article 3: The Amount of Leasing Fees and Payment Methods

The original party A has paid in full for the land leasing fees under the agreement of leasing land contracted management right which signed with Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

Article 4: Liabilities for Breach of Agreement

 

1. Party B shall pay the full amount of leasing fees to Party A as per Article 3 of this Agreement. Provided that Party B doesn’t pay off the full amount of leasing fees within 3 months after the payment due date, Party B will be deemed to breach the agreement. Under this condition, Party A has the right to withdraw the land contracted management right from Party B within the term of this Agreement.

2. Party B must not use the land for non-agricultural purposes. Under the condition of Party B causing permanent damages to the land as a result of irrational land development and use, Party A has the right to withdraw the land-contracted management right from Party B after relevant  national  authorities  confirm  the  situation.  Consequently, Party B is also liable for land recovery. For the part of land which is unable to recover, Party B shall pay an indemnity to Party A. Party A will not return the amount of leasing fees already paid by Party B.

3. Party A shall hand over the land contracted management right to Party B within the time frame provided in this Agreement. If this will not be fulfilled within 3 months after the due date for land delivery, Party A will be deemed to breach the agreement. Therefore, Party B has the right to dissolve the agreement. Party A will also be liable for any actual loss Party B suffers.

4. In the instance of breach of agreement where Party A interferes with and causes interruption to Party B’s production and operation to the extent that normal production and operational activities are hindered, Party B has the right to dissolve the agreement and claim for refund of the amount of leasing fees already paid to Party A. Party A will also be liable for any actual loss Party B suffers.

 

  

3

  

 

Article 5: Agreement Alteration, Dissolution and Termination

1.  The  validity  of  this  Agreement  shall  not  be  subjective  to  the changes to any party. Nor shall it be altered or dissolved due to merging or demerging of any collective economic organization. This Agreement shall never be terminated at the will of any party, except for instances where this Agreement cannot be executed because the land is devastated by force majeure like natural disasters.

2. As a result of mutual consultation and consent, both parties may sign supplementary agreements to make corrections and supplementations to this Agreement. Wherever supplementary agreements disaccord with this Agreement, the former shall prevail.

 

3. Upon the expiration of this Agreement, Party A has the right to reclaim the contracted management right of the land. Party B should clean up all ground facilities and installations on the contracted land as per Party A’s request. Party A is entitled to take possession of these facilities and installations at its own request. If Party B intends to continue with the contracted management of the land, it will still need consult with Party A and sign new agreements all over again but with special priorities given on equal conditions.

4. The part of the leasing term which exceeds the national regulated term for household contracted management of land shall be deemed invalid.

5. Within the term of this Agreement, it will be deemed agreement termination if the land is demanded and requisitioned by the government and related agricultural infrastructures. The actual loss of Party B will be identified through mutual consultation. In this instance, neither party will be liable for the breach of agreement.

 

 

Article 6: Ways to Settle Contractual Disputes

1.  In  a  matter  of  dispute,  both  parties  should  resort  to  mutual consultations as the way of settlement. If the dispute cannot be settled, either party can file a lawsuit to Party B’s local courts that have the jurisdiction over the matter.

2. Over the period of litigation, this leasing agreement shall continue to be in execution.

 

Article 7: This Agreement is signed in three copies. Each party shall keep one copy and the original contract issuer shall file one copy. The validity of the agreement start from the date of both parties signing or stamping, completion of assets replacement and official announcement.

 

Article 8: Party A acknowledges receipt in full payment of the leasing fees set forth in article 3 above.

Signature page to follow

  

4

  

Party A: The Linhai City Tengfei Fruit & Vegetable Professional Cooperative

/s/Xiongwei Huang

 Xiongwei Huang

Date: 09/22/2015

Party B: Gansu Asia-America Trade Co., Ltd.

/s/Haiyun Zhuang

 Haiyun Zhuang

Date: 09/22/2015

  

5

  

  AGREEMENT FOR THE CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT OF THE LINHAI CITY SITIAN FRUIT & VEGETABLE PROFESSIONAL COOPERATIVE

Party A: The Linhai City Sitian Fruit & Vegetable Professional Cooperative

 

 

Party B: Gansu Asia-America Trade Co., Ltd.

 

In order to safeguard the lawful rights and interests of both parties, on the basis of The Contract Law of the People’s Republic of China, The Law of the People’s Republic of China on Land Contract in Rural Areas, The Measures for the Administration of Circulation of Rural Land Contracted Management Right and all other related laws and regulations, and according to The Contract for the Reclamation of Undeveloped Rural Mountain Areas signed between Party A and the village committee of Chengwai Village Taozhu County Linhai City, both parties agree to conclude this Agreement through mutual consultation and consent. It is each party’s responsibility to observe this Agreement.

 

Article 1: The Ways of Settlement, Use of Land, Term of Validity and Delivery Specifications Regarding Land Lease

 

The Conditions of the Land for Lease: Party A shall transfer the land contracted management right over the tangerine plantation with an area of 16000 mu (1067 hectares), located in Chengwai Village Taozhu County Linhai City, to Party B for planting economic forestry like tangerines. The plantation starts from Taozhu County in the East, Dongtou Village in the West, and stops at Jiansi Village in the North and Wukeng Village in the South.

 

Use of Land: For the purpose of planting and operating economic forestry like tangerines.

Term of Validity: Start from the date of complete assets replacement and official announcement to 12/31/2039 (the length of this term shall not go beyond the remaining contractual life of the land’s contracted management).

Delivery Specifications: The tangerine plantation will be delivered to Party B as is, on the day of lease.

 

 

  

6

  

 

Article 2: Rights and Obligations for Both Parties

 

For Party A:

 

1. Monitor and supervise the use of land during Party B’s contracted management, ensuring that the land is legitimately and appropriately used in line with this Agreement.

2. Collect leasing fees receivable from Party B according to this Agreement. Within the term of this Agreement, Party A should not raise the contract cost by any means.

3. Assure the independent operation of Party B, not committing acts that will infringe upon Party B’s lawful rights and interests.

4. Execute all-round cooperation with Party B and provide comprehensive support to them on the development and application of cutting-edge agricultural technologies.

5. Ensure the uninterruptible supply of water and electricity as per this Agreement.

6. Party A must not re-lease the land to a third party after this Agreement takes effect.

For Party B:

1. Lawfully act the land-contracted management right under the land use and term of contract agreed and specified in this Agreement. Within the term of this Agreement, Party B has the right to execute the following to its land contracted management right: leasing, selling shares, subcontracting, etc.

2. Party B is entitled to the profits made from the contracted management of the land and the ownership of any expanded land and purchased asset consistent with this Agreement.

3. Party B may build production and living facilities with functions in line with this Agreement on the contracted land.

4. Enjoy the right to access community facilities.

5. Party B must not use its land contracted management right to commit non-agricultural for-profit activities.

6. Party B must develop the contracted land in view of environmental protection and land conservation.

7. Party B is entitled to the national preferential policies and incentives for agricultural enterprises.

 

 

  

7

  

 

Article 3: The Amount of Leasing Fees and Payment Methods

The original party A has paid in full for the land leasing fees under the agreement of leasing land contracted management right which signed with Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

 

Article 4: Liabilities for Breach of Agreement

 

1. Party B shall pay the full amount of leasing fees to Party A as per Article 3 of this Agreement. Provided that Party B doesn’t pay off the full amount of leasing fees within 3 months after the payment due date, Party B will be deemed to breach the agreement. Under this condition, Party A has the right to withdraw the land contracted management right from Party B within the term of this Agreement.

2. Party B must not use the land for non-agricultural purposes. Under the condition of Party B causing permanent damages to the land as a result of irrational land development and use, Party A has the right to withdraw the land-contracted management right from Party B after relevant  national  authorities  confirm  the  situation.  Consequently, Party B is also liable for land recovery. For the part of land which is unable to recover, Party B shall pay an indemnity to Party A. Party A will not return the amount of leasing fees already paid by Party B.

3. Party A shall hand over the land contracted management right to Party B within the time frame provided in this Agreement. If this will not be fulfilled within 3 months after the due date for land delivery, Party A will be deemed to breach the agreement. Therefore, Party B has the right to dissolve the agreement. Party A will also be liable for any actual loss Party B suffers.

4. In the instance of breach of agreement where Party A interferes with and causes interruption to Party B’s production and operation to the extent that normal production and operational activities are hindered, Party B has the right to dissolve the agreement and claim for refund of the amount of leasing fees already paid to Party A. Party A will also be liable for any actual loss Party B suffers.

 

Article 5: Agreement Alteration, Dissolution and Termination

1.  The  validity  of  this  Agreement  shall  not  be  subjective  to  the changes to any party. Nor shall it be altered or dissolved due to merging or demerging of any collective economic organization. This Agreement shall never be terminated at the will of any party, except for instances where this Agreement cannot be executed because the land is devastated by force majeure like natural disasters.

 

  

8

  

 

2. As a result of mutual consultation and consent, both parties may sign supplementary agreements to make corrections and supplementations to this Agreement. Wherever supplementary agreements disaccord with this Agreement, the former shall prevail.

3. Upon the expiration of this Agreement, Party A has the right to reclaim the contracted management right of the land. Party B should clean up all ground facilities and installations on the contracted land as per Party A’s request. Party A is entitled to take possession of these facilities and installations at its own request. If Party B intends to continue with the contracted management of the land, it will still need consult with Party A and sign new agreements all over again but with special priorities given on equal conditions.

4. The part of the leasing term which exceeds the national regulated term for household contracted management of land shall be deemed invalid.

5. Within the term of this Agreement, it will be deemed agreement termination if the land is demanded and requisitioned by the government and related agricultural infrastructures. The actual loss of Party B will be identified through mutual consultation. In this instance, neither party will be liable for the breach of agreement.

Article 6: Ways to Settle Contractual Disputes

1.  In  a  matter  of  dispute,  both  parties  should  resort  to  mutual consultations as the way of settlement. If the dispute cannot be settled, either party can file a lawsuit to Party B’s local courts that have the jurisdiction over the matter.

2. Over the period of litigation, this leasing agreement shall continue to be in execution.

 

Article 7: This Agreement is signed in three copies. Each party shall keep one copy and the original contract issuer shall file one copy. The validity of the agreement start from the date of both parties signing or stamping, completion of assets replacement and official announcement.

 

Article 8: Party A acknowledges receipt in full payment of the leasing fees set forth in article 3 above.

Signature page to follow

  

9

  

Party A: The Linhai City Sitian Fruit & Vegetable Professional Cooperative

/s/Yuanqiu Huang

Yuanqiu Huang

Date: 09/22/2015

Party B: Gansu Asia-America Trade Co., Ltd.

/s/Haiyun Zhuang

Haiyun Zhuang

Date: 09/22/2015

  

10

  

  AGREEMENT FOR THE CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT OF THE LINHAI CITY SITIAN FRUIT & VEGETABLE PROFESSIONAL COOPERATIVE

Party A: The Linhai City Sitian Fruit & Vegetable Professional Cooperative

 

 

Party B: Gansu Asia-America Trade Co., Ltd.

 

In order to safeguard the lawful rights and interests of both parties, on the basis of The Contract Law of the People’s Republic of China, The Law of the People’s Republic of China on Land Contract in Rural Areas, The Measures for the Administration of Circulation of Rural Land Contracted Management Right and all other related laws and regulations, and according to The Contract for the Reclamation of Undeveloped Rural Mountain Areas signed between Party A and the village committees (Tao Zhu County) of Chengwai Village, Chengli Village and Fu Rong Village, both  parties  agree  to  conclude  this  Agreement  through  mutual consultation and consent. It is each party’s responsibility to observe this Agreement.

  

Article 1: The Ways of Settlement, Use of Land, Term of Validity and Delivery Specifications Regarding Land Lease

The Conditions of the Land for Lease: Party A shall transfer the land contracted management right over the broccoli plantation with an area of 24000 mu (1600 hectares), located throughout villages of Tao Zhu County (Fu Rong Village: 9500 mu (634 hectares), Chengli Village: 9200 mu (614 hectares), Chengwai Village: 5300 mu (354 hectares)), to Party B for planting vegetables like broccoli. The broccoli plantation starts from Haiti in the East, Qian Tang Village in the West, and stops at Hou Tang Village in the North, Xiang Zhuang Village in the South.

Use of Land: For the purpose of planting vegetables like broccoli.

Term of Validity: Start from the date of complete assets replacement and official announcement to 12/31/2039 (the length of this term shall not go beyond the remaining contractual life of the land’s contracted management).

Delivery Specifications: The broccoli plantation will be delivered to Party B as is, on the day of lease.

 

  

11

  

 

Article 2: Rights and Obligations for Both Parties

For Party A:

 

1. Monitor and supervise the use of land during Party B’s contracted management, ensuring that the land is legitimately and appropriately used in line with this Agreement.

2. Collect leasing fees receivable from Party B according to this Agreement. Within the term of this Agreement, Party A should not raise the contract cost by any means.

3. Assure the independent operation of Party B, not committing acts that will infringe upon Party B’s lawful rights and interests.

4. Execute all-round cooperation with Party B and provide comprehensive support to them on the development and application of cutting-edge agricultural technologies.

5. Ensure the uninterruptible supply of water and electricity as per this Agreement.

6. Party A must not re-lease the land to a third party after this Agreement takes effect.

For Party B:

1. Lawfully act the land-contracted management right under the land use and term of contract agreed and specified in this Agreement. Within the term of this Agreement, Party B has the right to execute the following to its land contracted management right: leasing, selling shares, subcontracting, etc.

2. Party B is entitled to the profits made from the contracted management of the land and the ownership of any expanded land and purchased asset consistent with this Agreement.

3. Party B may build production and living facilities with functions in line with this Agreement on the contracted land.

4. Enjoy the right to access community facilities.

5. Party B must not use its land contracted management right to commit non-agricultural for-profit activities.

6. Party B must develop the contracted land in view of environmental protection and land conservation.

7. Party B is entitled to the national preferential policies and incentives for agricultural enterprises.

 

  

12

  

 

Article 3: The Amount of Leasing Fees and Payment Methods

The original party A has paid in full for the land leasing fees under the agreement of leasing land contracted management right which signed with Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

Article 4: Liabilities for Breach of Agreement

 

1. Party B shall pay the full amount of leasing fees to Party A as per Article 3 of this Agreement. Provided that Party B doesn’t pay off the full amount of leasing fees within 3 months after the payment due date, Party B will be deemed to breach the agreement. Under this condition, Party A has the right to withdraw the land contracted management right from Party B within the term of this Agreement.

2. Party B must not use the land for non-agricultural purposes. Under the condition of Party B causing permanent damages to the land as a result of irrational land development and use, Party A has the right to withdraw the land-contracted management right from Party B after relevant  national  authorities  confirm  the  situation.  Consequently, Party B is also liable for land recovery. For the part of land which is unable to recover, Party B shall pay an indemnity to Party A. Party A will not return the amount of leasing fees already paid by Party B.

3. Party A shall hand over the land contracted management right to Party B within the time frame provided in this Agreement. If this will not be fulfilled within 3 months after the due date for land delivery, Party A will be deemed to breach the agreement. Therefore, Party B has the right to dissolve the agreement. Party A will also be liable for any actual loss Party B suffers.

4. In the instance of breach of agreement where Party A interferes with and causes interruption to Party B’s production and operation to the extent that normal production and operational activities are hindered, Party B has the right to dissolve the agreement and claim for refund of the amount of leasing fees already paid to Party A. Party A will also be liable for any actual loss Party B suffers.

 

Article 5: Agreement Alteration, Dissolution and Termination

1.  The  validity  of  this  Agreement  shall  not  be  subjective  to  the changes to any party. Nor shall it be altered or dissolved due to merging or demerging of any collective economic organization. This Agreement shall never be terminated at the will of any party, except for instances where this Agreement cannot be executed because the land is devastated by force majeure like natural disasters.

 

  

13

  

 

2. As a result of mutual consultation and consent, both parties may sign supplementary agreements to make corrections and supplementations to this Agreement. Wherever supplementary agreements disaccord with this Agreement, the former shall prevail.

3. Upon the expiration of this Agreement, Party A has the right to reclaim the contracted management right of the land. Party B should clean up all ground facilities and installations on the contracted land as per Party A’s request. Party A is entitled to take possession of these facilities and installations at its own request. If Party B intends to continue with the contracted management of the land, it will still need consult with Party A and sign new agreements all over again but with special priorities given on equal conditions.

4. The part of the leasing term which exceeds the national regulated term for household contracted management of land shall be deemed invalid.

5. Within the term of this Agreement, it will be deemed agreement termination if the land is demanded and requisitioned by the government and related agricultural infrastructures. The actual loss of Party B will be identified through mutual consultation. In this instance, neither party will be liable for the breach of agreement.

Article 6: Ways to Settle Contractual Disputes

1.  In  a  matter  of  dispute,  both  parties  should  resort  to  mutual consultations as the way of settlement. If the dispute cannot be settled, either party can file a lawsuit to Party B’s local courts that have the jurisdiction over the matter.

2. Over the period of litigation, this leasing agreement shall continue to be in execution.

 

Article 7: This Agreement is signed in three copies. Each party shall keep one copy and the original contract issuer shall file one copy. The validity of the agreement start from the date of both parties signing or stamping, completion of assets replacement and official announcement.

 

Article 8: Party A acknowledges receipt in full payment of the leasing fees set forth in article 3 above.

Signature page to follow

  

14

  

Party A: The Linhai City Sitian Fruit & Vegetable Professional Cooperative

/s/Yuanqiu Huang

Yuanqiu Huang

Date: 09/22/2015

Party B: Gansu Asia-America Trade Co., Ltd.

/s/Haiyun Zhuang

Haiyun Zhuang

Date: 09/22/2015

  

15

  

AGREEMENT FOR THE CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT OF THE THE TAIZHOU CITY HUANG YAN HOU AO ASPARAGUS & BAMBOO PROFESSIONAL COOPERATIVE

Party A: The Taizhou City Huang Yan Hou Ao Asparagus & Bamboo Professional Cooperative

 

 

Party B: Gansu Asia-America Trade Co., Ltd.

In order to safeguard the lawful rights and interests of both parties, on the basis of The Contract Law of the People’s Republic of China, The Law of the People’s Republic of China on Land Contract in Rural Areas, The Measures for the Administration of Circulation of Rural Land Contracted Management Right and all other related laws and regulations, and according to The Agreement For The Circulation Of Rural Land Contracted Management Right signed between Party A and village committees (Yu Tou County) of Hou Ao Village, Qian Ao Village, Liang Shu Shan Village and Zhou Jia Liao Village, both parties agree to conclude this Agreement through mutual consultation and consent. It is each party’s responsibility to observe this Agreement.

 

 

Article 1: The Ways of Settlement, Use of Land, Term of Validity and Delivery Specifications Regarding Land Lease

The Conditions of the Land for Lease: Party A shall transfer the land contracted management right over the moso bamboo hill with an area of 18000 mu (1200 hectares), located throughout Hou Ao Village, Qian Ao Village, Liang Shu Shan Village and Zhou Jia Liao Village of Yu Tou County Huang Yan District Tan Zhou City, to Party B for operation. 5000 mu (334 hectares) of the land is in Hou Ao Village, starting from Qian Ao Village in the East, Xian Ju Village in the West, and stopping at Zhou Jia Liao Village in the North, Bai Shi Village in the South. 5500 mu (367 hectares) is in Qian Ao Village, starting from Qian Ao Village in the East, Qian Keng Tou Village in the West, and stopping at Liang Shu Shan Village in the North, Zi Lin Shan Village in the South. 3000 mu (200 hectares) is in Liang Shu Shan Village, starting from Qian Ao Village in the East, Liang Shan Village in the West, and stopping at Liang Shu Shan Village in the North, Qian Ao Village in the South. 4500 mu (300 hectares) is in Zhou Jia Liao Village, starting from Yang Keng Village in the East, Huang Ku Zhu in the West, and stopping at Shan Tou in the North, Hou Ao Village in the South.

 

 

  

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Use of Land: For the purpose of planting and operating economic forestry like moso bamboos. 

Term of Validity: Start from the date of complete assets replacement and official announcement to 12/31/2039 (the length of this term shall not go beyond the remaining contractual life of the land’s contracted management).

Delivery Specifications: The bamboo plantation will be delivered to Party B as is, on the day of lease.

 

 

Article 2: Rights and Obligations for Both Parties

For Party A:

 

1. Monitor and supervise the use of land during Party B’s contracted management, ensuring that the land is legitimately and appropriately used in line with this Agreement.

2. Collect leasing fees receivable from Party B according to this Agreement. Within the term of this Agreement, Party A should not raise the contract cost by any means.

3. Assure the independent operation of Party B, not committing acts that will infringe upon Party B’s lawful rights and interests.

4. Execute all-round cooperation with Party B and provide comprehensive support to them on the development and application of cutting-edge agricultural technologies.

5. Ensure the uninterruptible supply of water and electricity as per this Agreement.

6. Party A must not re-lease the land to a third party after this Agreement takes effect.

For Party B:

1. Lawfully act the land-contracted management right under the land use and term of contract agreed and specified in this Agreement. Within the term of this Agreement, Party B has the right to execute the following to its land contracted management right: leasing, selling shares, subcontracting, etc.

2. Party B is entitled to the profits made from the contracted management of the land and the ownership of any expanded land and purchased asset consistent with this Agreement.

 

  

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3. Party B may build production and living facilities with functions in line with this Agreement on the contracted land.

4. Enjoy the right to access community facilities.

5. Party B must not use its land contracted management right to commit non-agricultural for-profit activities.

6. Party B must develop the contracted land in view of environmental protection and land conservation.

 

7. Party B is entitled to the national preferential policies and incentives for agricultural enterprises.

 

 

Article 3: The Amount of Leasing Fees and Payment Methods

The original party A has paid in full for the land leasing fees under the agreement of leasing land contracted management right which signed with Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

Article 4: Liabilities for Breach of Agreement

 

1. Party B shall pay the full amount of leasing fees to Party A as per Article 3 of this Agreement. Provided that Party B doesn’t pay off the full amount of leasing fees within 3 months after the payment due date, Party B will be deemed to breach the agreement. Under this condition, Party A has the right to withdraw the land contracted management right from Party B within the term of this Agreement.

2. Party B must not use the land for non-agricultural purposes. Under the condition of Party B causing permanent damages to the land as a result of irrational land development and use, Party A has the right to withdraw the land-contracted management right from Party B after relevant  national  authorities  confirm  the  situation.  Consequently, Party B is also liable for land recovery. For the part of land which is unable to recover, Party B shall pay an indemnity to Party A. Party A will not return the amount of leasing fees already paid by Party B.

3. Party A shall hand over the land contracted management right to Party B within the time frame provided in this Agreement. If this will not be fulfilled within 3 months after the due date for land delivery, Party A will be deemed to breach the agreement. Therefore, Party B has the right to dissolve the agreement. Party A will also be liable for any actual loss Party B suffers.

 

  

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4. In the instance of breach of agreement where Party A interferes with and causes interruption to Party B’s production and operation to the extent that normal production and operational activities are hindered, Party B has the right to dissolve the agreement and claim for refund of the amount of leasing fees already paid to Party A. Party A will also be liable for any actual loss Party B suffers.

 

Article 5: Agreement Alteration, Dissolution and Termination

1.  The  validity  of  this  Agreement  shall  not  be  subjective  to  the changes to any party. Nor shall it be altered or dissolved due to merging or demerging of any collective economic organization. This Agreement shall never be terminated at the will of any party, except for instances where this Agreement cannot be executed because the land is devastated by force majeure like natural disasters.

 

2. As a result of mutual consultation and consent, both parties may sign supplementary agreements to make corrections and supplementations to this Agreement. Wherever supplementary agreements disaccord with this Agreement, the former shall prevail.

 

3. Upon the expiration of this Agreement, Party A has the right to reclaim the contracted management right of the land. Party B should clean up all ground facilities and installations on the contracted land as per Party A’s request. Party A is entitled to take possession of these facilities and installations at its own request. If Party B intends to continue with the contracted management of the land, it will still need consult with Party A and sign new agreements all over again but with special priorities given on equal conditions.

4. The part of the leasing term which exceeds the national regulated term for household contracted management of land shall be deemed invalid.

5. Within the term of this Agreement, it will be deemed agreement termination if the land is demanded and requisitioned by the government and related agricultural infrastructures. The actual loss of Party B will be identified through mutual consultation. In this instance, neither party will be liable for the breach of agreement.

Article 6: Ways to Settle Contractual Disputes

1.  In  a  matter  of  dispute,  both  parties  should  resort  to  mutual consultations as the way of settlement. If the dispute cannot be settled, either party can file a lawsuit to Party B’s local courts that have the jurisdiction over the matter.

2. Over the period of litigation, this leasing agreement shall continue to be in execution.

 

Article 7: This Agreement is signed in three copies. Each party shall keep one copy and the original contract issuer shall file one copy. The validity of the agreement start from the date of both parties signing or stamping, completion of assets replacement and official announcement.

 

Article 8: Party A acknowledges receipt in full payment of the leasing fees set forth in article 3 above.

Signature page to follow

  

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Party A: The Taizhou City Huang Yan Hou Ao Asparagus & Bamboo Professional Cooperative

/s/Zhaoshou Huang

Zhaoshou Huang

Date: 09/22/2015

Party B: Gansu Asia-America Trade Co., Ltd.

/s/Haiyun Zhuang

Haiyun Zhuang

Date: 09/22/2015

  

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  AGREEMENT FOR THE CIRCULATION OF LAND CONTRACTED MANAGEMENT RIGHT OF THE XIANJU COUNTY XIAJING GOLDEN PLUM FARMING & BREEDING  PROFESSIONAL COOPERATIVE

Party A: The Xianju County Xiajing Golden Plum Farming & Breeding Professional Cooperative

 

 

Party B: Gansu Asia-America Trade Co., Ltd.

 

 

In order to safeguard the lawful rights and interests of both parties, on the basis of The Contract Law of the People’s Republic of China, The Law of the People’s Republic of China on Land Contract in Rural Areas, The Measures for the Administration of Circulation of Rural Land Contracted Management Right and all other related laws and regulations, and according to The Agreement For The Circulation of Rural Land Contracted Management Right signed between Party A and the village committee of Dalei Village Guangdu Township Xianju County, both parties agree to conclude this Agreement through mutual consultation and consent. It is each party’s responsibility to observe this Agreement.

 

 

Article 1: The Ways of Settlement, Use of Land, Term of Validity and Delivery Specifications Regarding Land Lease

The Conditions of the Land for Lease: Party A shall transfer the land contracted management right over the waxberry plantation with an area of 9057 mu (603.8 hectares), located in Dalei Village Guangdu Township Xianju  County,  to  Party  B  for  planting  fruits  like  waxberries.  This plantation starts from Xikeng Village in the East, Yaotou Village in the West, and stops at Tang’ao Village in the North and Houliao Village in the South.

Use of Land: For the purpose of planting fruits like waxberries.

Term of Validity: Start from the date of complete assets replacement and official announcement to 12/31/2039 (the length of this term shall not go beyond the remaining contractual life of the land’s contracted management).

Delivery Specifications: The waxberries plantation will be delivered to Party B as is, on the day of lease.

 

 

  

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Article 2: Rights and Obligations for Both Parties

 

For Party A:

 

1. Monitor and supervise the use of land during Party B’s contracted management, ensuring that the land is legitimately and appropriately used in line with this Agreement.

2. Collect leasing fees receivable from Party B according to this Agreement. Within the term of this Agreement, Party A should not raise the contract cost by any means.

3. Assure the independent operation of Party B, not committing acts that will infringe upon Party B’s lawful rights and interests.

4. Execute all-round cooperation with Party B and provide comprehensive support to them on the development and application of cutting-edge agricultural technologies.

5. Ensure the uninterruptible supply of water and electricity as per this Agreement.

6. Party A must not re-lease the land to a third party after this Agreement takes effect.

For Party B:

1. Lawfully act the land-contracted management right under the land use and term of contract agreed and specified in this Agreement. Within the term of this Agreement, Party B has the right to execute the following to its land contracted management right: leasing, selling shares, subcontracting, etc.

2. Party B is entitled to the profits made from the contracted management of the land and the ownership of any expanded land and purchased asset consistent with this Agreement.

3. Party B may build production and living facilities with functions in line with this Agreement on the contracted land.

4. Enjoy the right to access community facilities.

5. Party B must not use its land contracted management right to commit non-agricultural for-profit activities.

6. Party B must develop the contracted land in view of environmental protection and land conservation.

7. Party B is entitled to the national preferential policies and incentives for agricultural enterprises.

 

 

  

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Article 3: The Amount of Leasing Fees and Payment Methods

The original party A has paid in full for the land leasing fees under the agreement of leasing land contracted management right which signed with Gansu YaSheng Agro-Industrial and Commerce Group Co., Ltd.

 

Article 4: Liabilities for Breach of Agreement

 

1. Party B shall pay the full amount of leasing fees to Party A as per Article 3 of this Agreement. Provided that Party B doesn’t pay off the full amount of leasing fees within 3 months after the payment due date, Party B will be deemed to breach the agreement. Under this condition, Party A has the right to withdraw the land contracted management right from Party B within the term of this Agreement.

2. Party B must not use the land for non-agricultural purposes. Under the condition of Party B causing permanent damages to the land as a result of irrational land development and use, Party A has the right to withdraw the land-contracted management right from Party B after relevant  national  authorities  confirm  the  situation.  Consequently, Party B is also liable for land recovery. For the part of land which is unable to recover, Party B shall pay an indemnity to Party A. Party A will not return the amount of leasing fees already paid by Party B.

3. Party A shall hand over the land contracted management right to Party B within the time frame provided in this Agreement. If this will not be fulfilled within 3 months after the due date for land delivery, Party A will be deemed to breach the agreement. Therefore, Party B has the right to dissolve the agreement. Party A will also be liable for any actual loss Party B suffers.

4. In the instance of breach of agreement where Party A interferes with and causes interruption to Party B’s production and operation to the extent that normal production and operational activities are hindered, Party B has the right to dissolve the agreement and claim for refund of the amount of leasing fees already paid to Party A. Party A will also be liable for any actual loss Party B suffers.

 

Article 5: Agreement Alteration, Dissolution and Termination

1.  The  validity  of  this  Agreement  shall  not  be  subjective  to  the changes to any party. Nor shall it be altered or dissolved due to merging or demerging of any collective economic organization. This Agreement shall never be terminated at the will of any party, except for instances where this Agreement cannot be executed because the land is devastated by force majeure like natural disasters.

 

  

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2. As a result of mutual consultation and consent, both parties may sign supplementary agreements to make corrections and supplementations to this Agreement. Wherever supplementary agreements disaccord with this Agreement, the former shall prevail.

 

3. Upon the expiration of this Agreement, Party A has the right to reclaim the contracted management right of the land. Party B should clean up all ground facilities and installations on the contracted land as per Party A’s request. Party A is entitled to take possession of these facilities and installations at its own request. If Party B intends to continue with the contracted management of the land, it will still need consult with Party A and sign new agreements all over again but with special priorities given on equal conditions.

4. The part of the leasing term which exceeds the national regulated term for household contracted management of land shall be deemed invalid.

5. Within the term of this Agreement, it will be deemed agreement termination if the land is demanded and requisitioned by the government and related agricultural infrastructures. The actual loss of Party B will be identified through mutual consultation. In this instance, neither party will be liable for the breach of agreement.

Article 6: Ways to Settle Contractual Disputes

1.  In  a  matter  of  dispute,  both  parties  should  resort  to  mutual consultations as the way of settlement. If the dispute cannot be settled, either party can file a lawsuit to Party B’s local courts that have the jurisdiction over the matter.

2. Over the period of litigation, this leasing agreement shall continue to be in execution.

 

Article 7: This Agreement is signed in three copies. Each party shall keep one copy and the original contract issuer shall file one copy. The validity of the agreement start from the date of both parties signing or stamping, completion of assets replacement and official announcement.

 

Article 8: Party A acknowledges receipt in full payment of the leasing fees set forth in article 3 above.

Signature page to follow

  

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Party A: The Xianju County Xiajing Golden Plum Farming & Breeding Professional Cooperative

/s/Liufu Zhang

Liufu Zhang

Date: 09/22/2015

Party B: Gansu Asia-America Trade Co., Ltd.

/s/Haiyun Zhuang

Haiyun Zhuang

Date: 09/22/2015

 

 

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