Document:

ex10_1.htm

    
      

    

    Exhibit
10.1

    
      General
Release Agreement

      

      1.         Ending of Employment and
Employment Agreement.  My employment with Rosetta Resources
Inc. or an Affiliate (“Rosetta”) permanently ended, and the Employment Agreement
between myself and Rosetta dated September 6, 2007 terminated, effective on
February 21, 2008 (the “Employment Termination Date”).  I acknowledge
and agree that Paragraphs 8, 9, 10, 13, 22, and 23 of the Employment Agreement
survive its termination.

      

      2.         Consideration.  In
consideration of my promises and undertakings set out in this Agreement and
contingent upon my acceptance and non-revocation of this General Release
Agreement, Rosetta or an Affiliate shall pay or provide to me the compensation
and benefits pursuant to Section 7(e)(ii) of the Employment Agreement (the
“Termination Benefits”).  Provided I have not timely revoked my
acceptance of this General Release Agreement, the Termination Benefits described
will be paid to me according to the timing described in Section 7(e)(iii)(A) and
7(e)(iii)(B).  I acknowledge and understand that no contributions from
me or Rosetta will be made to any retirement or savings plan with respect to the
Termination Benefits

      

      3.        General
Release.  In consideration of the Termination Benefits, I
voluntarily, completely, and unconditionally release, waive, and forever
discharge to the maximum extent permitted by law the Released Parties (defined
below) from any and all claims, demands, liabilities, and causes of action of
whatever kind or character, whether vicarious, derivative, or direct, and
whether known or unknown (individually a “Claim” and collectively the “Claims”),
that I now may have or ever have had against the Released
Parties.  The Claims released and waived include but are not limited
to:

       

      (a)           Any
and all Claims growing out of, resulting from, or connected in any way with my
employment or the ending of my employment with, or the employment practices of,
the Released Parties;

       

      (b)           Any
and all Claims growing out of, resulting from, or connected in any way with the
Employment Agreement;

       

      (c)           Any
and all Claims based on any federal, state, or local statutory or common law or
constitutional provision that applies or is asserted to apply, directly or
indirectly, to the employment relationship or employment practices, such as
Claims based on contract or in tort and Claims under the Civil Rights Acts of
1866, 1871, 1964, and 1991; the Americans with Disabilities Act; the Age
Discrimination in Employment Act; the Fair Labor Standards Act; the Equal Pay
Act; the Family and Medical Leave Act; the Employee Retirement Income Security
Act; the Fair Credit Reporting Act; the Worker Adjustment and Retraining
Notification Act; the Sarbanes-Oxley Act; Chapters 21 and 61 of the Texas Labor
Code; any other federal, state, or local statute, rule, order, or ordinance; and
any amendments to the statutes just named or identified; and

       

      (d)           Any
and all Claims based on any other act, conduct, or omission of any of the
Released Parties.

      

      I
acknowledge and agree that by this General Release, I forever waive any right to
recover, and will not request or accept, anything of value from any of the
Released Parties, other than the Termination Benefits, as compensation or
damages growing out of, resulting from, or connected in any way with my
employment or the ending of my employment with, or the employment practices of,
the Released Parties, the expiration or termination of the Employment Agreement,
or with any other act, conduct, or omission of any of the Released Parties,
whether sought directly by me or by any administrative agency or other public
authority, individual, or group of individuals on my behalf.

      
        
           

        

        
          1

          
            

          

        

        
          Page
2 of 3  

        

      

      I further
acknowledge and agree that this General Release does not waive any Claims that
may arise after the date I sign this Agreement, and does not affect any earned,
vested benefits (other than any entitlement to severance or separation pay, if
any) that I may have under the applicable provisions of any benefit plan of
Rosetta or an Affiliate in which I am participating at the time of the
Employment Termination Date.

      

      The
“Released Parties” are (i) Rosetta Resources, Inc.; (ii) any Affiliate of
Rosetta Resources, Inc.; (iii) any predecessor, successor, or assign of the
entities named or described in (i)-(ii); and (iv) any current or former officer,
director, partner, shareholder, owner, member, manager, joint venturer, trustee,
fiduciary, agent, employee, associate, representative, administrator, employee
benefit plan sponsored or maintained by, insurer, or attorney of the entities
and persons named or described in (i)-(iii).

      

      4.         Return of
Property.  I represent that I have returned to Rosetta all
Confidential Information (in whatever form or medium and all copies thereof) and
all other property of Rosetta.

      

      5.        Time for Acceptance;
Revocation; Effective Date.  I may accept this Agreement at any
time before the expiration of 21 days after the Employment Termination Date by
signing and returning it to Gerald Maxwell, 717 Texas, Suite 2800, Houston,
Texas, 77002.  I acknowledge that (a) I may revoke my acceptance of
this Agreement by so notifying Rosetta in writing in accordance with Paragraph
16 of the Employment Agreement within 7 days after I sign and return this
Agreement, (b) if I timely revoke my acceptance, I will not be eligible for and
will not receive the Termination Benefits, and (c) if I do not timely revoke my
acceptance, this Agreement will become effective and enforceable on the 8th day
after I sign and return this Agreement.

      

      6.        Miscellaneous.

       

      (a)           I
acknowledge that I have read this Agreement; that I have been advised to consult
and have had the opportunity to consult an attorney before signing this
Agreement; that I have had sufficient time to consider and fully understand the
meaning and effect of my signing this Agreement; that my execution of this
Agreement is knowing and voluntary; and that I am not relying on any written or
oral statement or promise other than what is set out in this
Agreement.

       

      (b)           This
Agreement shall be governed by the laws of the State of Texas except for its
laws with respect to conflict of laws.  The exclusive forum for any
lawsuit arising from or related to this Agreement shall be a state or federal
court in Harris County, Texas.  This provision does not prevent
Rosetta from removing to an appropriate federal court any action brought in
state court.  I
HEREBY CONSENT TO, AND WAIVE ANY OBJECTIONS TO, REMOVAL TO FEDERAL COURT BY
ROSETTA OF ANY ACTION BROUGHT AGAINST IT BY ME.

      
        
           

        

        
          
          

          
            

          

        

        
          Page 3
of 3  

        

      

       

      (c)           IN THE EVENT THAT ANY DISPUTE ARISING
FROM OR RELATED TO THIS AGREEMENT OR EXECUTIVE’S EMPLOYMENT WITH EMPLOYER
RESULTS IN A LAWSUIT, BOTH I AND ROSETTA  MUTUALLY WAIVE ANY RIGHT
THEY MAY OTHERWISE HAVE FOR A JURY TO DECIDE THE ISSUES IN THE LAWSUIT,
REGARDLESS OF THE PARTY OR PARTIES ASSERTING CLAIMS IN THE LAWSUIT OR THE NATURE
OF SUCH CLAIMS.  ROSETTA AND I IRREVOCABLY AGREE THAT ALL ISSUES IN
SUCH A LAWSUIT SHALL BE DECIDED BY A JUDGE RATHER THAN A
JURY.

       

      (d)           Any
capitalized terms not defined in this Agreement shall have the meaning assigned
to such terms in the Employment Agreement.

      

      AGREED:

      

      
        	 
      	 
      	 	
                Rosetta
      Resources, Inc. or an Affiliate

              
	 
      	 
      	 	 
      
	 
      	 
      	 	
                By:  Randy
      L. Limbacher

              
	 	 	 	 
	 
      	 
      	 	
                Title:  President
      & Chief Executive Officer

              
	 
      	 
      	 	 
      
	 
      	 
      	 	 
      
	
                By:

              	
                /s/ John M. Thibeaux

              	 	
                By:

              	
                /s/ Randy L. Limbacher

              	 
	 
      	 
      	 	 
      
	 
      	
                John
      M. Thibeaux

              	 	 
      	
                Signature

              
	 
      	 
      	 	 
      
	 
      	
                February 21, 2008

              	 	 
      	
                February 22, 2008

              	 
	 
      	
                Date
      Signed

              	 	 
      	
                Date
      SignedSTOCK
      PURCHASE AGREEMENT

     

    This
      STOCK
      PURCHASE AGREEMENT
      (this
      "Agreement")
      is
      made and entered into as of February
      19, 2008,
      by and
      between
      Yuxin
      Zhou (ID: 440202196911110669) ("Purchaser")
      and
      KIWA BIO-TECH PRODUCTS GROUP CORPORATION (the"Company"),
      a
      company incorporated under the laws of the State of Delaware in the United
      States of America whose registered office is at 415 W. Foothill Blvd, Suite#
      206, Claremont CA 91711, USA.

     

    WITNESSETH

     

    WHEREAS,
      the Company desires to sell to Purchaser and Purchaser desires to purchase
      from
      the Company a total of 5,000,000 newly issued, restricted shares (the
      "Shares")
      of the
      Common Stock of the Company, par value $0.001 per share, upon the terms,
      provisions and conditions and for the consideration hereinafter set
      forth;

     

    NOW,
      THEREFORE, for and in consideration of the premises and mutual covenants and
      agreements contained herein and other good and valuable consideration, the
      receipt and sufficiency of which are hereby acknowledged, the parties hereto
      do
      hereby represent, warrant, covenant, and agree as follows:

     

    Section
      1. Issuance and Sale of Shares

     

    Based
      upon the representations, warranties, and covenants and subject to the terms,
      provisions, and conditions contained in this Agreement, the Company agrees
      to
      sell and deliver the Shares to Purchaser, free and clear of all liens, pledges,
      encumbrances, and adverse claims, and Purchaser agrees to purchase the Shares
      from the Company for the consideration hereinafter set forth.

     

    Section
      2. Purchase Price

     

    The
      total
      purchase price to be paid to the Company by Purchaser for the Shares is
US$650,000
      (US$0.13
      per Share)
      (the
      "Purchase
      Price").

     

    Section
      3. The Closing

     

    Upon
      execution of this Agreement, Purchaser shall deliver to the Company 30% of
      total
      Purchase Price in 10 days from the effective date of this Agreement, and the
      balance shall be paid to the Company in 20 days from the effective date of
      this
      Agreement;
      and in
      30 days after full payment, the Company shall deliver to Purchaser a certificate
      evidencing the Shares issued in the name of Purchaser.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

     

    Section
      4. Risk factors

     

    The
      Purchaser agrees that investment in the Common Stock of the Company involves
      a
      high degree of risk and should be regarded as speculative. The
      Purchaser further represents and agrees that it can afford a loss of its entire
      investment.
      In
      addition to the other information contained in this document, the Purchaser
      has
      considered carefully the following factors.

     

    
      	 	
              a)

            	
              Limited
                Operating History.
                The Company has only a limited operating history from which Purchaser
                can
                evaluate its business and prospects for future success. The Company
                has
                recognized only very limited revenues to date. The Company currently
                believes it will need capital in the amounts reflected in the business
                plan prepared in December 2005 to achieve the projections contained
                herein. To the extent the proceeds of this sale of Shares are less
                than
                that amount, the Company intends to raise further funds by equity
                investment.

            

    

     

    
      	 	
              b)

            	
              No
                Assurance of Profitable Operations.
                The Business Plan of the Company projects income and expenses based
                upon
                the best estimates of management. Due to the unique and innovative
                nature
                of the business the projections of both income and expenses contained
                in
                the Business Plan involve a high degree of estimation with no similar
                business experiences to review.

            

    

     

    
      	 	
              c)

            	
              Arbitrary
                Offering Price.
                The Company has arbitrarily determined the Purchase Price per share.
                Among
                the factors considered were estimates made by the principals as to
                the
                future prospects of the Company and its operations, expenses and
                potential
                revenues. Such estimates were prepared by the principals based on
                their
                experience in the industry and current market conditions. There can
                be no
                assurances the projections prepared by the principals for the Company
                will
                be achieved. 

            

    

     

    
      	 	
              d)

            	
              Lack
                of Transferability, Marketability and Liquidity of the
                Shares.
                The Common Stock is currently quoted for trading on OTC Bulletin
                Board,
                but trading volume is low and liquidity is limit. Consequently, the
                Purchaser should be prepared to remain a shareholder of the Company
                for
                long time. The Shares have not been registered under the Securities
                Act of
                1933, as amended (the “Act”),
                and are being offered in reliance on certain exemptions contained
                in the
                Act. The Shares may not be sold in the public market except pursuant
                to an
                effective registration statement or an exemption from registration
                under
                the Act. 

            

    

     

    
      	 	
              e)

            	
              Minimal
                Capital.
                The Company will use the net proceeds of the sale of the Shares to
                fund
                its corporate expenses, fixed assets investment as well as research
                and
                development, for developing, manufacturing and distributing its products
                and services and for organizational operations. Net proceeds from
                the sale
                of the Shares will also be used for general working capital. There
                can be
                no assurances such funding will be sufficient. If the amount of funding
                is
                not sufficient to obtain profitable business operations and the Company
                is
                liquidated, there will very likely not be any assets in the Company
                for
                payment to the shareholders.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	 	
              f)

            	
              Dependence
                on Key Personnel.
                The Company’s development of its concept and business is dependent on its
                management team and the loss of any one of these persons could have
                a
                material adverse effect on the
                Company.

            

    

     

    
      	 	
              g)

            	
              Unreliability
                of Projections.
                Projections contained in the Business Plan were prepared from management’s
                reasonable estimates of possible product and service revenue, and
                expense
                projections as well as the consequent possible financial returns
                the
                Company could receive if such revenue and expenses were achieved.
                Such
                estimates were based on management’s experience with the industry and
                business practices. The Purchaser should have had the opportunity
                to
                review with the representatives of the Company, the various critical
                assumptions made by the Company and the various estimates that were
                made
                in preparing the projections. The projections were not prepared with
                a
                view toward compliance with the Association of Independent Certified
                Public Accountants guidelines for projections. The assumptions and
                estimates are uncertain and the actual results of the Company will
                vary
                from the projected results and could vary
                substantially.

            

    

     

    Section
      5. Representations and Warranties of Purchaser

     

    In
      connection with the transactions contemplated hereby, Purchaser hereby
      represents and warrants to the Company that:

     

    
      	 	
              a)

            	
              Purchaser
                understands that the Common Stock of the Company is quoted on the
                OTC
                Bulletin Board of the NASD, and that the Shares have not been registered
                under the Act. At the present trading of the Company’s stock is subject to
                Rules 15g-2 through 15g-6 promulgated under Section 15(g) of the
                Act.

            

    

     

    
      	 	
              b)

            	
              Purchaser
                has such knowledge and experience in financial and business matters
                that
                it is capable of seeking out and evaluating the information relevant
                to
                evaluating the Company, the proposed activities thereof, and the
                merits
                and risks of the prospective investment, and to make an informed
                investment decision in connection
                therewith.

            

    

     

    
      	 	
              c)

            	
              Purchaser
                has reviewed all SEC filings and has had an opportunity to discuss
                with
                the Company.

            

    

     

    
      	 	
              d)

            	
              Purchaser
                will hold the Shares subject to all of the applicable provisions
                of the
                Act, and Purchaser will not at any time make any sale, transfer,
                or other
                disposition of the Shares in contravention of the Act. Purchaser’s overall
                commitment to investments which are not readily marketable is not
                disproportionate to Purchaser’s net worth; Purchaser’s investment in the
                Company will not cause such overall commitment to become excessive;
                and
                Purchaser can afford to bear the loss of Purchaser’s entire investment in
                the Company.

            

    

     

    
      	
               

               

            	
              e)

            	
              Purchaser
                understands that all information which Purchaser has provided to
                the
                Company concerning Purchaser, Purchaser’s financial position and knowledge
                of financial and business matters is correct and complete as of the
                date
                set forth below and, if there should be any material change in such
                information prior to the acceptance of this subscription, Purchaser
                shall
                promptly notify the Company
                thereof.

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

     

    
      	 	
              f)

            	
              If
                Purchaser is a United States person or entity, Purchaser represents
                that
                Purchaser satisfies any suitability or other applicable requirements
                of
                Purchaser’s state of residence and/or state in which the Common Stock are
                purchased.

            

    

     

    
      	 	
              g)

            	
              If
                Purchaser is not a United States person or entity, such Purchaser
                hereby
                represents that he, she or it has satisfied himself, herself or itself
                as
                to the full observance of the laws of his, her or its jurisdiction
                in
                connection with any invitation to subscribe for the Common Stock
                or any
                use of this Agreement, including (i) the legal requirements within
                his, her or its jurisdiction for the purchase of the Common Stock,
                (ii) any foreign exchange restrictions applicable to such purchase,
                (iii) any governmental or other consents that may need to be
                obtained, and (iv) the income tax and other tax consequences, if any,
                that may be relevant to the purchase, holding, redemption, sale or
                transfer of the Common Stock. Such Purchaser’s subscription and payment
                for, and his, her or its continued beneficial ownership of the Common
                Stock, will not violate any applicable securities or other laws of
                his,
                her or its jurisdiction.

            

    

     

    
      	 	
              h)

            	
              If
                an individual, Purchaser is over 21 years of age. If Purchaser is
                acting
                in a representative capacity for a corporation, partnership or other
                business entity, such entity is validly existing and in good standing
                under the laws of the jurisdiction of its organization, has all requisite
                power and authority to subscribe and perform its obligations hereunder,
                has taken all action necessary to purchase the Common Stock pursuant
                to
                this Agreement, and was not organized for the purpose of acquiring
                the
                Common Stock.

            

    

     

    
      	 	
              i)

            	
              Purchaser
                agrees that Purchaser will not attempt to sell, transfer, assign,
                pledge
                or otherwise dispose of all or any portion of the Common Stock unless
                they
                are registered under the Act or unless in the opinion of counsel
                satisfactory to the Company an exemption from such registration is
                available. Purchaser understands that the Common Stock have not been
                registered under the Act by reason of a claimed exemption under the
                provisions of the Act which depends, in part, upon Purchaser’s investment
                intention.

            

    

     

    
      	 	
              j)

            	
              Purchaser
                understands that no securities administrator of any state or any
                other
                jurisdiction has made any finding or determination relating to the
                fairness of this investment and that no securities administrator
                of any
                state or any other jurisdiction has recommended or endorsed, or will
                recommend or endorse, the offering of the Common
                Stock.

            

    

     

    
      	 	
              k)

            	
              Purchaser
                has relied solely upon the advice of Purchaser’s own tax and legal
                advisors with respect to the tax and other legal aspects of the
                investment.

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	 	
              l)

            	
              Purchaser
                warrants that Purchaser is an “accredited investor” within the meaning of
                Rule 501(a) of Regulation D promulgated by the Securities and Exchange
                Commission under the Act and,

            

    

     

    
      	 	
              m)

            	
              The
                sale of the Shares to Purchaser is being made without any public
                solicitation or advertisements.

            

    

     

    Section
      6. Representations and Warranties of the Company 

     

    In
      connection with the transactions contemplated hereby, the Company hereby
      represents and warrants to Purchaser as follows:

     

    6.1.
      Organization, Standing and Power.

     

    The
      Company is duly organized, validly existing and in good standing under the
      laws
      of the jurisdiction (the State of Delaware in the United States of America)
      in
      which it is incorporated and has the requisite corporate power and authority
      to
      carry on its business as now being conducted. The Company is duly qualified
      or
      licensed to do business and is in good standing in each jurisdiction in which
      the nature of its business or
      the
      ownership or leasing of its properties makes such qualification or licensing
      necessary, other than in such jurisdictions where the failure to be so qualified
      or licensed (individually or in the aggregate) would not have a Company Material
      Adverse Effect. For purposes of this Agreement, the term "Company Material
      Adverse Effect" means any material adverse effect with respect to the Company,
      taken as a whole, or any change or effect that adversely, or is reasonably
      expected to adversely, affect the ability of the Company to maintain its current
      business operations or to consummate the transactions contemplated by this
      Agreement in any material respect.

     

    6.2.
      Validity of Transaction.

     

    This
      Agreement and, as applicable, each other agreement contemplated hereby are
      valid
      and legally binding obligations of the Company, enforceable in accordance with
      their respective terms against the Company, except as limited by bankruptcy,
      insolvency and similar laws affecting creditors generally, and by general
      principles of equity. At the time that the Shares are sold, assigned,
      transferred and conveyed to Purchaser pursuant to this Agreement, the Shares
      will be duly authorized, validly issued, fully paid and non-assessable.

     

    The
      execution, delivery and performance of this Agreement have been duly authorized
      by the Company and will not violate any applicable federal or state law, any
      order of any court or government agency or the articles or certificate of
      incorporation of the Company.

     

    6.3.
      Capital Structure.

     

    The
      authorized stock of the Company consists of 200,000,000 shares of common stock,
      par value $0.001 per share and 20,000,000 shares of preferred stock, par value
      $0.001 per share.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    On
      the
      Closing Date hereof, the Company has 81,520,000 shares of Common Stock
      outstanding, and there is no preferred stock outstanding. No share of
Company
      Common Stock
      is held
      by the Company in its treasury. No bonds debentures, notes or other indebtedness
      of the Company having the right to vote. There are no outstanding stock
      appreciation rights or similar derivative securities or rights of the
      Company.

     

    In
      addition, there are warrant to purchaser approximately 18,640,000 shares of
      warrants in relation to consultant services and several loansoutstanding. Under
      the Company’s 2004 Stock Incentive Plan 1,410,107 shares of Company Common Stock
      are reserved for issuance and 1,637,900 shares granted.

     

    6.4.
      Authority: Non-contravention.

     

    The
      Company has the requisite corporate power and authority to enter into this
      Agreement and to consummate the transactions contemplated by this Agreement.
      The
      execution and delivery of this Agreement by the Company and the consummation
      by
      the Company of the transactions contemplated hereby have been duly authorized
      by
      all necessary corporate action on the part of the Company.

     

    6.5
      No
      Undisclosed Material Liabilities.

     

    Except
      as
      otherwise set forth in the Company's periodic reports as filed with SEC pursuant
      to the requirements of the Act, the Company has no Liabilities. "Liability"
      means, as to any person, all debts, liabilities and obligations, direct,
      indirect, absolute or contingent of such person, whether accrued, vested or
      otherwise, whether known or unknown and whether or not actually reflected,
      or
      required in accordance with GAAP to be reflected, in such person's balance
      sheet.

     

    6.6.
      Litigation, etc.

     

    As
      of the
      date hereof, (a) there is no suit, claim, action or proceeding (at law or in
      equity) pending or, to the knowledge of the Company, threatened against the
      Company (including, without limitation, any product liability claims) before
      any
      court or governmental or regulatory authority or body, and (b) the Company
      is
      not subject to any outstanding order, writ, judgment, injunction, order, decree
      or arbitration order that, in any such case described in clauses (a) and (b),
      (i) could reasonably be expected to have, individually or in the aggregate,
      a
      Company Material Adverse Effect or (ii) involves an allegation of criminal
      misconduct or a violation of the Racketeer and Influenced Corrupt Practices
      Act,
      as amended. As of the date hereof, there are no suits, actions, claims or
      proceedings pending or, to the Company's knowledge, threatened, seeking to
      prevent, hinder, modify or challenge the transactions contemplated by this
      Agreement.

     

    Section
      7. Survival of Representations and Warranties

     

    All
      representations, warranties, covenants, and agreements contained herein shall
      not be discharged or dissolved upon, but shall survive the closing.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

     

    Section
      8. Registration Rights

     

    The
      Purchaser will be entitled to the piggy-back registration rights set forth
      in
Exhibit
      A.
      

     

    Section
      9. Entirety and Modification

     

    This
      Agreement constitutes the entire agreement between the parties hereto with
      respect to the subject matter hereof and supersedes any and all prior agreements
      and understandings, whether oral or written, between the parties hereto relating
      to such subject matter. No modification, alteration, amendment, or supplement
      to
      this Agreement shall be valid or effective unless the same is in writing and
      signed by all parties hereto.

     

    Section
      10. Successors and Assigns

     

    This
      Agreement shall be binding upon and inure to the benefit of the respective
      parties hereto, their successors and permitted assigns, heirs, and personal
      representatives.

     

    Section
      11. Governing Law.

     

    This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of Delaware.

     

    In
      relation to any legal action or proceedings arising out of or in connection
      with
      this Agreement (“Proceedings”),
      each party irrevocably submits to the jurisdiction of the courts of the state
      of
      Delaware and waives any objection to Proceedings in any such court on the
      grounds of venue or on the grounds that the Proceedings have been brought in
      an
      inconvenient forum.

     

    IN
      WITNESS WHEREOF, the parties hereto have duly executed this agreement as of
      the
      date first written above.

     

    PURCHASER:

     

    BY:____________________

    Name:

    Title:

     

    The
      Company:

     

    BY:____________________

    Name:
      Li
      Wei

    Title:
      Chairman and CEO

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    EXHIBIT
      A

     

    1. REGISTRATION
      RIGHTS.

     

    1.1
      Definitions.
      For
      purposes of this Section 1:

     

    
      	 	
              a)

            	
              Registration.
                The terms “register,”
                “registered,”
                and “registration”
                refer to a registration effected by preparing and filing a registration
                statement in compliance with the Securities Act of 1933, as amended,
                (the
                “Securities
                Act”),
                and the declaration or ordering of effectiveness of such registration
                statement.

            

    

     

    
      	 	
              b)

            	
              Registrable
                Securities.
                The term “Registrable
                Securities”
                means: (1) the shares Common Stock of the Company issued to Purchaser
                pursuant to this Agreement and (2) any shares of Common Stock of the
                Company issued as (or issuable upon the conversion or exercise of
                any
                warrant, right or other security which is issued as) a dividend or
                other
                distribution with respect to, or in exchange for or in replacement
                of, any
                shares of Common Stock described in clause (1) of this subsection
                (b).
                Notwithstanding the foregoing, “Registrable Securities” shall exclude any
                Registrable Securities sold by a person in a transaction in which
                rights
                under this Section 1
                are not assigned in accordance with this Agreement or any Registrable
                Securities sold in a public offering, whether sold pursuant to
                Rule 144 promulgated under the Securities Act, or in a registered
                offering, or otherwise or securities which can be sold in accordance
                with
                Rule 144(k) promulgated under the Securities
                Act.

            

    

     

    
      	 	
              c)

            	
              Registrable
                Securities Then Outstanding.
                The number of shares of “Registrable
                Securities then outstanding”
                shall mean the number of shares of Common Stock of the Company that
                are
                Registrable Securities and are then issued and
                outstanding.

            

    

     

    
      	 	
              d)

            	
              Holder.
                For purposes of this Section 1,
                the term “Holder”
                means any person owning of record Registrable Securities or any permitted
                assignee of record of such Registrable Securities to whom rights
                under
                this Section 1
                have been duly assigned in accordance with this
                Agreement.

            

    

     

    
      	 	
              e)

            	
              SEC.
                The term “SEC”
                or “Commission”
                means the U.S. Securities and Exchange
                Commission.

            

    

     

    1.2
      Piggyback
      Registrations.
      The
      Company shall notify all Holders of Registrable Securities in writing at least
      thirty (30) days prior to filing any registration statement under the Securities
      Act for purposes of effecting a public offering of securities of the Company
      (including, but not limited to, registration statements relating to secondary
      offerings of securities of the Company, but excluding
      registration statements relating to any employee benefit plan or a corporate
      reorganization) and will afford each such Holder an opportunity to include
      in
      such registration statement all or any part of the Registrable Securities then
      held by such Holder. Each Holder desiring to include in any such registration
      statement all or any part of the Registrable Securities held by such Holder
      shall within fifteen (15) days after receipt of the above-described notice
      from
      the Company, so notify the Company in writing, and in such notice shall inform
      the Company of the number of Registrable Securities such Holder wishes to
      include in such registration statement. If a Holder decides not to include
      all
      of its Registrable Securities in any registration statement thereafter filed
      by
      the Company, such Holder shall nevertheless continue to have the right to
      include any Registrable Securities in any subsequent registration statement
      or
      registration statements as may be filed by the Company with respect to offerings
      of its securities, all upon the terms and conditions set forth
      herein.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

     

    
      	 	
              a)

            	
              Underwriting.
                If a registration statement under which the Company gives notice
                under
                this Section 1.2
                is
                for an underwritten offering, then the Company shall so advise the
                Holders
                of Registrable Securities. In such event, the right of any such Holder’s
                Registrable Securities to be included in a registration pursuant
                to this
                Section 1.2
                shall be conditioned upon such Holder’s participation in such underwriting
                and the inclusion of such Holder’s Registrable Securities in the
                underwriting to the extent provided herein. All Holders proposing
                to
                distribute their Registrable Securities through such underwriting
                shall
                enter into an underwriting agreement in customary form with the managing
                underwriter or underwriters selected for such underwriting (including
                a
                market stand-off agreement of up to 180 days if required by such
                underwriters). Notwithstanding any other provision of this Exhibit
                A, if
                the managing underwriter(s) determine(s) in good faith that marketing
                factors require a limitation of the number of shares to be underwritten,
                then the Company shall include in such offering (i) first, all the
                securities the Company proposes to register for its own account,
                and (ii)
                second, Holder’s Registrable Securities and other shares of Common Stock
                of the Company requested to be included by other investors having
                written
                registration rights agreements with the Company respecting such shares
                (“Other
                Registrable Securities”),
                with Holder and each such investor proposing to sell such shares
                participating in such registration on a pro
                rata
                basis, such participation to be based upon the number of shares of
                Registrable Securities and Other Registrable Securities then held
                by the
                Holder and each such investor, respectively; provided,
                however,
                that the right of the underwriters to exclude shares (including
                Registrable Securities) from the registration and underwriting as
                described above shall be restricted so that all shares that are not
                Registrable Securities or Other Registrable Securities and are held
                by any
                other person, including, without limitation, any person who is an
                employee
                or officer of the Company (or any subsidiary of the Company) shall
                first
                be excluded from such registration and underwriting before any Registrable
                Securities and Other Registrable Securities are so excluded. If any
                Holder
                disapproves of the terms of any such underwriting, such Holder may
                elect
                to withdraw therefrom by written notice to the Company and the
                underwriter(s), delivered at least ten (10) business days prior to
                the
                effective date of the registration statement. Any Registrable Securities
                excluded or withdrawn from such underwriting shall be excluded and
                withdrawn from the registration. For any Holder that is a partnership,
                the
                Holder and the partners and retired partners of such Holder, or the
                estates and family members of any such partners and retired partners
                and
                any trusts for the benefit of any of the foregoing persons, and for
                any
                Holder that is a corporation, the Holder and all corporations that
                are
                affiliates of such Holder, shall be deemed to be a single “Holder,” and
                any pro
                rata
                reduction with respect to such “Holder” shall be based upon the aggregate
                amount of shares carrying registration rights owned by all entities
                and
                individuals included in such “Holder,” as defined in this
                sentence.

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

     

    
      	 	
              b)

            	
              Expenses.
                All expenses incurred in connection with a registration pursuant
                to this
                Section 1.2
                (excluding underwriters’ and brokers’ discounts and commissions relating
                to shares sold by the Holders and legal fees of counsel for the Holders),
                including, without limitation all federal and “blue sky” registration,
                filing and qualification fees, printers’ and accounting fees, and fees and
                disbursements of counsel for the Company, shall be borne by the
                Company.

            

    

     

    1.3
      Obligations
      of the Company.
      Whenever required to effect the registration of any Registrable Securities
      under
      this Agreement the Company shall, as expeditiously as reasonably
      possible:

     

    
      	
              a)

            	
              Registration
                Statement.
                Prepare and file with the SEC a registration statement with respect
                to
                such Registrable Securities and use its commercially reasonable efforts
                to
                cause such registration statement to become effective, provided,
                however,
                that the Company shall not be required to keep any such registration
                statement effective for more than ninety (90)
                days.

            

    

     

    
      	
              b)

            	
              Amendments
                and Supplements.
                Prepare and file with the SEC such amendments and supplements to
                such
                registration statement and the prospectus used in connection with
                such
                registration statement as may be necessary to comply with the provisions
                of the Securities Act with respect to the disposition of all securities
                covered by such registration
                statement.

            

    

     

    
      	
              c)

            	
              Prospectuses.
                Furnish to the Holders such number of copies of a prospectus, including
                a
                preliminary prospectus, in conformity with the requirements of the
                Securities Act, and such other documents as they may reasonably request
                in
                order to facilitate the disposition of the Registrable Securities
                owned by
                them that are included in such
                registration.

            

    

     

    
      	
              d)

            	
              Blue
                Sky.
                Use its commercially reasonable efforts to register and qualify the
                securities covered by such registration statement under such other
                securities or Blue Sky laws of such states as shall be reasonably
                requested by the Holders, provided that the Company shall not be
                required
                in connection therewith or as a condition thereto to qualify to do
                business or to file a general consent to service of process in any
                such
                states or jurisdictions.

            

    

     

    
      	
              e)

            	
              Underwriting.
                In the event of any underwritten public offering, enter into and
                perform
                its obligations under an underwriting agreement in usual and customary
                form, with the managing underwriter(s) of such offering. Each Holder
                participating in such underwriting shall also enter into and perform
                its
                obligations under such an
                agreement.

            

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

     

    
      	
              f)

            	
              Notification.
                Notify each Holder of Registrable Securities covered by such registration
                statement at any time when a prospectus relating thereto is required
                to be
                delivered under the Securities Act of the happening of any event
                as a
                result of which the prospectus included in such registration statement,
                as
                then in effect, includes an untrue statement of a material fact or
                omits
                to state a material fact required to be stated therein or necessary
                to
                make the statements therein not misleading in the light of the
                circumstances then existing.

            

    

     

    
      	
              g)

            	
              Opinion
                and Comfort Letter.
                Furnish, at the request of any Holder requesting registration of
                Registrable Securities, on the date that such Registrable Securities
                are
                delivered to the underwriters for sale, if such securities are being
                sold
                through underwriters, (i) an opinion, dated as of such date, of the
                counsel representing the Company for the purposes of such registration,
                in
                form and substance as is customarily given to underwriters in an
                underwritten public offering and reasonably satisfactory to a majority
                in
                interest of the Holders requesting registration, addressed to the
                underwriters, if any, and to the Holders requesting registration
                of
                Registrable Securities and (ii) a “comfort” letter dated as of such date,
                from the independent certified public accountants of the Company,
                in form
                and substance as is customarily given by independent certified public
                accountants to underwriters in an underwritten public offering and
                reasonably satisfactory to a majority in interest of the Holders
                requesting registration, addressed to the underwriters, if any, and
                to the
                Holders requesting registration of Registrable Securities provided
                however, that the Company’s obligation to obtain a “comfort” letter shall
                be limited to commercially reasonable efforts. If such securities
                are not
                being sold through underwriters, then the Company shall furnish,
                at the
                request and at the sole expense of any Holder requesting registration
                of
                Registrable Securities, on the date that the registration statement
                with
                respect to such securities becomes effective, an opinion, dated as
                of such
                date, of the counsel representing the Company for the purposes of
                such
                registration, in form and substance as is customarily given to
                underwriters in an underwritten public offering and reasonably
                satisfactory to a majority in interest of the Holders requesting
                registration, addressed to the underwriters, if any, and to the Holders
                requesting registration of Registrable
                Securities.

            

    

     

    1.4
      Furnish
      Information.
      It
      shall be a condition precedent to the obligations of the Company to take any
      action pursuant to Sections
      1.2
      that the
      selling Holders shall furnish to the Company such information regarding
      themselves, the Registrable Securities held by them, and the intended method
      of
      disposition of such securities as shall be required to timely effect the
      Registration of their Registrable Securities.

     

    1.5
      Indemnification.
      In the
      event any Registrable Securities are included in a registration statement under
      Sections
      1.2:

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

     

    
      	 	
              a)

            	
              By
                the Company.
                To the extent permitted by law; the Company will indemnify and hold
                harmless each Holder, the partners, officers and directors of each
                Holder,
                any underwriter (as determined in the Securities Act) for such Holder
                and
                each person, if any, who controls such Holder or underwriter within
                the
                meaning of the Securities Act or the Securities Exchange Act of 1934,
                as
                amended, (the “1934
                Act”),
                against any losses, claims, damages, or Liabilities (joint or several)
                to
                which they may become subject under the Securities Act, the 1934
                Act or
                other federal or state law, insofar as such losses, claims,
                damages, or liabilities (or actions in respect thereof) arise out
                of or
                are based upon any of the following statements, omissions or violations
                (collectively a “Violation”):

            

    

     

    
      	 	
              (i)

            	
              any
                untrue statement or alleged untrue statement of a material fact contained
                in such registration statement, including any preliminary prospectus
                or
                final prospectus contained therein or any amendments or supplements
                thereto;

            

    

     

    
      	 	
              (ii)

            	
              the
                omission or alleged omission to state therein a material fact required
                to
                be stated therein, or necessary to make the statements therein not
                misleading, or

            

    

     

    
      	 	
              (iii)

            	
              any
                violation or alleged violation by the Company of the Securities Act,
                the
                1934 Act, any federal or state securities law or any rule or regulation
                promulgated under the Securities Act, the 1934 Act or any federal
                or state
                securities law in connection with the offering covered by such
                registration statement;

            

    

     

    and
      the
      Company will reimburse each such Holder, partner, officer or director,
      underwriter or controlling person for any legal or other expenses reasonably
      incurred by them, as incurred, in connection with investigating or defending
      any
      such loss, claim, damage, liability or action; provided, however,
      that
      the indemnity agreement contained in this subsection 1.5(a) shall not apply
      to
      amounts paid in settlement of any such loss, claim, damage, liability or action
      if such settlement is effected without the consent of the Company (which consent
      shall not be unreasonably withheld), nor shall the Company be liable in any
      such
      case for any such loss, claim, damage, liability or action to the extent that
      it
      arises out of or is based upon a Violation which occurs in reliance upon and
      in
      conformity with written information furnished expressly for use in connection
      with such registration by such Holder, partner, officer, director, underwriter
      or controlling person of such Holder.

    
       

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

       

      
        	 	b) 	
                
                  By
                    Selling Holders.
                    To the extent permitted by law, each selling Holder will indemnify
                    and
                    hold harmless the Company, each of its directors, each of its
                    officers who
                    have signed the registration statement, each person, if any,
                    who controls
                    the Company within the meaning of the Securities Act, any underwriter
                    and
                    any other Holder selling securities under such registration statement
                    or
                    any of such other Holder’s partners, directors or officers or any person
                    who controls such Holder within the meaning of the Securities
                    Act or the
                    1934 Act, against any losses, claims, damages or liabilities
                    (joint or
                    several) to which the Company or any such director, officer,
                    controlling
                    person, underwriter or other such Holder, partner or director,
                    officer or
                    controlling person of such other Holder may become subject under
                    the
                    Securities Act, the 1934 Act or other federal or state law, insofar
                    as
                    such losses, claims, damages or liabilities (or actions in respect
                    thereto) arise out of or are based upon any Violation, in each
                    case to the
                    extent (and only to the extent) that such Violation occurs in
                    reliance
                    upon and in conformity with written information furnished by
                    such Holder
                    expressly for use in connection with such registration; and each
                    such
                    Holder will reimburse any legal or other expenses reasonably
                    incurred by
                    the Company or any such director, officer, controlling person,
                    underwriter
                    or other Holder, partner, officer, director or controlling person
                    of such
                    other Holder in connection with investigating or defending any
                    such loss,
                    claim, damage, liability or action: provided,
                    however,
                    that the indemnity agreement contained in this Section
                    1.5(b)
                    shall not apply to amounts paid in settlement of any such loss,
                    claim,
                    damage, liability or action if such settlement is effected without
                    the
                    consent of the Holder, which consent shall not be unreasonably
                    withheld;
                    and provided,
                    further,
                    that the total amounts payable in indemnity by a Holder under
                    this
                    Section 1.5(b)
                    in
                    respect of any Violation shall not exceed the net proceeds received
                    by
                    such Holder in the registered offering out of which such Violation
                    arises.

                

              

      

      
        
           

          
            	 	c)	
                    
                      Notice.
                        Promptly after receipt by an indemnified party under this
Section 1.5
                        of
                        notice of the commencement of any action (including any governmental
                        action), such indemnified party will, if a claim in respect
                        thereof is to
                        be made against any indemnifying party under this Section 1.5,
                        deliver to the indemnifying party a written notice of the
                        commencement
                        thereof and the indemnifying party shall have the right to
                        participate in,
                        and, to the extent the indemnifying party so desires, jointly
                        with any
                        other indemnifying party similarly noticed, to assume the
                        defense thereof
                        with counsel mutually satisfactory to the parties; provided,
                        however,
                        that an indemnified party shall have the right to retain
                        its own counsel,
                        with the fees and expenses to be paid by the indemnifying
                        party, if
                        representation of such indemnified party by the counsel retained
                        by the
                        indemnifying party would be inappropriate due to actual or
                        potential
                        conflict of interests between such indemnified party and
                        any other party
                        represented by such counsel in such proceeding. The failure
                        to deliver
                        written notice to the indemnifying party within a reasonable
                        time of the
                        commencement of any such action shall relieve such indemnifying
                        party of
                        liability to the indemnified party under this Section 1.5
                        to
                        the extent the indemnifying party is prejudiced as a result
                        thereof, but
                        the omission so to deliver written notice to the indemnified
                        party will
                        not relieve it of any liability that it may have to any indemnified
                        party
                        otherwise than under this Section 1.5.

                    

                  

          

          
            
               

              
                
                   

                

                
                  13

                  
                    

                  

                

                
                   

                

              

               

               

              
                	 	d)	
                        
                          Defect
                            Eliminated in Final
                            Prospectus.
                            The foregoing indemnity agreements of the Company and
                            Holders are subject
                            to the condition that, insofar as they relate to any
                            Violation made in a
                            preliminary prospectus but eliminated or remedied in
                            the amended
                            prospectus on file with the SEC at the time the registration
                            statement in
                            question becomes effective or the amended prospectus
                            filed with the SEC
                            pursuant to SEC Rule 424(b) (the “Final
                            Prospectus”),
                            such indemnity agreement shall not inure to the benefit
                            of any person if a
                            copy of the Final Prospectus was timely furnished to
                            the indemnified party
                            and was not furnished to the person asserting the loss,
                            liability, claim
                            or damage at or prior to the time such action is required
                            by the
                            Securities
                            Act.

                        

                      

              

            

          

        

      

    

     

    
      	 	
              e)

            	
              Contribution.
                In order to provide for just and equitable contribution to joint
                liability
                under the Securities Act in any case in which either (i) any Holder
                exercising rights under this Agreement, or any controlling person
                of any
                such Holder, makes a claim for indemnification pursuant to this
                Section 1.5
                but it is judicially determined (by the entry of a final judgment
                or
                decree by a court of competent jurisdiction and the expiration of
                time to
                appeal or the denial of the last right of appeal) that such
                indemnification may not be enforced in such case notwithstanding
                the fact
                that this Section 1.5
                provides for indemnification in such case, or (ii) contribution under
                the Securities Act may be required on the part of any such selling
                Holder
                or any such controlling person in circumstances for which indemnification
                is provided under this Section 1.5;
                then, and in each such case, the Company and such Holder will contribute
                to the aggregate losses, claims, damages or liabilities to which
                they may
                be subject (after contribution from others) in such proportion so
                that
                such Holder is responsible for the portion represented by the percentage
                that the public offering price of its Registrable Securities offered
                by
                and sold under the registration statement bears to the public offering
                price of all securities offered by and sold under such registration
                statement, and the Company and other selling Holders are responsible
                for
                the remaining portion; provided,
                however,
                that, in any such case: (A) no such Holder will be required to contribute
                any amount in excess of the public offering price of all such Registrable
                Securities offered and sold by such Holder pursuant to such registration
                statement; and (B) no person or entity guilty of fraudulent
                misrepresentation (within the meaning of Section 11(f) of the
                Securities Act) will be entitled to contribution from any person
                or entity
                who was not guilty of such fraudulent
                misrepresentation.

            

    

    
      
         

        
          	 	f)	
                  
                    Survival.
                      The obligations of the Company and Holders under this Section 1.5
                      shall survive until the fifth anniversary of the completion
                      of any
                      offering of Registrable Securities in a registration statement,
                      regardless
                      of the expiration of any statutes of limitation or extensions
                      of such
                      statutes.

                  

                

        

         

        
          
             

          

          
            14

            
              

            

          

          
             

          

        

      

      

      1.6
        Transfer
        of Registration Rights.
        The
        rights of a Holder hereunder may be transferred or assigned in connection
        with a
        transfer of Registrable Securities to (i) any affiliate of a Holder, (ii)
        any
        subsidiary, parent, partner, retired partner, limited partner, shareholder
        or
        member of a Holder or (iii) any family member or trust for the benefit of
        any
        Holder, or (iv) any transferee who is acquiring at least 25% shares of
        Registrable Securities held by the Holder prior to the transfer. Notwithstanding
        the foregoing, such rights may only be transferred or assigned provided that
        all
        of the following additional conditions are satisfied: (a) such transfer or
        assignment is effected in accordance with applicable securities laws; (b)
        such
        transferee or assignee agrees in writing to become subject to the terms of
        this
        Agreement; and (c) the Company is given written notice by such Holder of
        such
        transfer or assignment, stating the name and address of the transferee or
        assignee and identifying the Registrable Securities with respect to which
        such
        rights are being transferred or assigned.  

                

        1.7
        Termination of the Company’s Obligations. The Company’s registration obligations
        under this Exhibit A shall terminate four years after the date of this Agreement
        or, if sooner when, in the opinion of counsel to the Company, all Registrable
        Securities held by a Holder may then be sold under Rule 144 in one transaction
        without exceeding the volume limitations thereunder.

       

      
        
           

        

        
          15

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