Document:

Fifth Season International Inc.: Exhibit 10.32 - Filed by newsfilecorp.com

Sale Contract, dated June 10, 2010, between Zhejiang Jinghua
Industry Co., Ltd. and the 
Fifth Season (Zhejiang) Trade Co., Ltd.

Contract No.: 2010060005 
Signature Site: Hangzhou

Purchaser (Party A): Zhejiang Jinghua Industry Co., Ltd. 

Seller (Party B): The Fifth Season (Zhejiang) Trade Co., Ltd.
  

  Pursuant to the provisions of the Contract Law of PRC, relevant
laws and administrative regulations, and the principal of equality,
voluntariness and honesty, both parties enter into this agreement regarding the
purchase of LED lights series and electricity-saving lamps. 

1. Name, Quantity and Price 

	No. 	Name of Product 	Unit 	Quantity 	Unit Price 
(RMB) 	Total Value 
(RMB) 
	1 	LED line lamp 	set 	750 	2632 	1,974,000 
	2 	LED underground set lamp 		750 	3290 	2,467,500 
	3 	LED point light 	set 	250 	545.5 	136,375 
	4 	LED fence lamp 	meter 	2500 	2452 	6,130,000 
	5 	400w floodlight 	set 	500 	676.5 	338,250 
	6 	Energy saving lamp (80w) 	set 	10000 	112.7 	1,127,000 
	Total value 	12,173,125 

2. Payment Method and Deadline: 30% down payment and the rest
shall be paid on delivery. 
3. Delivery Time: before August 30, 2010 
4.
Delivery Ways: Party B shall deliver the goods to the warehouse appointed by
Party A. 
5. Packing Material Supply and Recycling: Party B provides carton
packing and is not responsible for recycling 
6. Packing Standard: common
cartons for packing 
7. Transportation: by truck 
8. Fees: Party B is
liable for packing and transportation fees. 
9. Company for Goods Collecting:
Zhejiang Jinghua Industry Co., Ltd. 
10. After-sale Services: Party B shall
be liable for technique support and product quality. Party B shall also offer
one year guarantee for product quality. Party B shall offer maintenance with
charge of basic cost for other issues caused except for product quality. 
11.
Liability for Breach 
1) In case that Party A fails to deliver the goods or
Party B rejects the goods without payment, the foregoing default party shall pay
the liquidated damages of 30% of the total payment of the goods. 
2) As to
overdue delivery/collection or deferred payment, the foregoing default party
shall pay the liquidated damages of 0.5‰ of the due payment per day. 

12.This agreement has been entered into in compliance with laws
and neither party shall not alter or rescind this agreement without consensus.
The alteration or rescission can only be accepted upon consensus. 
13. This
agreement has four counterparts and each party has two counterparts. 
14. Any
disputes related to this agreement can be brought to Hangzhou People’s Court if
both parties cannot reach consensus. 

(This page is for signature only and has no text.) 
Party A
(Buyer): Zhejiang Jinghua Industry Co., Ltd. 
By: /sealed/ Zhejiang
Jinghua Industry Co., Ltd. 
Phone: 0571-28036511 
Date: June 10, 2010

Party B (Seller): The Fifth Season (Zhejiang) Trade Co., Ltd 
By:
/sealed/ The Fifth Season (Zhejiang) Trade Co., Ltd 
Phone: 0571-22917990

Date: June 10, 2010Fifth Season International Inc.: Exhibit 10.33 - Filed by newsfilecorp.com

Sale Contract, dated February 5, 2010, between Zhejiang
Jinghua Industry Co., Ltd. and the 
Fifth Season (Zhejiang) Trade Co.,
Ltd.

Contract No.: 20100205001 
Signature Site: Hangzhou

Purchaser (Party A): Zhejiang Jinghua Industry Co., Ltd. 

Seller (Party B): The Fifth Season (Zhejiang) Trade Co., Ltd.

Pursuant to the provisions of the Contract Law of PRC, relevant laws and
administrative regulations, and the principal of equality, voluntariness and
honesty, both parties enter into this agreement regarding the purchase of LED
lights series and electricity-saving lamps. 

1. Name, Quantity and Price 

	No. 	Name of Product 	Unit 	Quantity 	Unit Price 
(RMB) 	Total Value 
(RMB) 
	1 	48w LED lamp 	set 	1500 	3500 	5,250,000 
	2 	18w LED lamp 	set 	2000 	1750 	3,500,000 
	3 	LED projector light 	set 	480 	2450 	1,176,000 
	4 	48w LED underground lamp 	set 	1500 	3500 	5,250,000 
	Total value 	15,176,000 

2. Payment Method and Deadline: 30% down payment and the rest
shall be paid on delivery. 
3. Delivery Time: before March 31, 2010 
4.
Delivery Ways: Party B shall deliver the goods to the warehouse appointed by
Party A. 
5. Packing Material Supply and Recycling: Party B provides carton
packing and is not responsible for recycling
6. Packing Standard: common
cartons for packing 
7. Transportation: by truck 
8. Fees: Party B is
liable for packing and transportation fees. 
9. Company for Goods Collecting:
Zhejiang Jinghua Industry Co., Ltd. 
10. After-sale Services: Party B shall
be liable for technique support and product quality. Party B shall also offer
one year guarantee for product quality. Party B shall offer maintenance with
charge of basic cost for other issues caused except for product quality. 
11.
Liability for Breach 
1) In case that Party A fails to deliver the goods or
Party B rejects the goods without payment, the foregoing default party shall pay
the liquidated damages of 30% of the total payment of the goods. 
2) As to
overdue delivery/collection or deferred payment, the foregoing default party
shall pay the liquidated damages of 0.5‰ of the due payment per day. 
12.This
agreement has been entered into in compliance with laws and neither party shall
not alter or rescind this agreement without consensus. The alteration or
rescission can only be 

accepted upon consensus. 
13. This agreement has four
counterparts and each party has two counterparts. 
14. Any disputes related
to this agreement can be brought to Hangzhou People’s Court if both parties
cannot reach consensus. 

(This page is for signature only and has no text.) 
Party A
(Buyer): Zhejiang Jinghua Industry Co., Ltd. 
By: /sealed/ Zhejiang
Jinghua Industry Co., Ltd.
Date: February 5, 2010 
Party B (Seller):
The Fifth Season (Zhejiang) Trade Co., Ltd 
By: /sealed/ The Fifth Season
(Zhejiang) Trade Co., Ltd
Date: February 5, 2010Silvan Industries, Inc.: Exhibit 10.27 - Filed by newsfilecorp.com

 

 

Financial Advisory Agreement

Contract No: 2010-005 

 

 

 

February 2, 2010

 

 

1 / 9

	Party A: Qianxinan Aosen
      Forestry Company, Ltd 
	Address:  Hexing Villege, Dingxiao Economic
      Development Zone, Qianxinan State 
	Legal Representative:  Yulu Bai 
	Phone: 0859-3528295 
	Fax: 0859-3528295 
	Zip Code: 562409 
	  
	  
	Party B:  Asia Regal Finance
      Capital Group Co., Ltd and 

Shenzhen Junwei Investment and Development Co., Ltd 

Address: Room 4002, Rongchao Landmark, 4028 Jintian Rd, Futian
District,Shenzhen, P.R. China

	Legal Representative:  Wu Jian 
	Phone: 0755-8323-2722 
	Fax: 0755-8323-2733 
	Zip Code: 518000 

In order to help Party A establish a complying legal person
managerial structure, to improve operating mechanism, to enhance company quality
by financial mechanisms such as mergers and acquisitions, so as to achieve
restructuring, financing, and listing on the U.S. OTCBB market, and eventually
list on the NASDAQ stock market or other senior international stock market,
Party A and Party B hereby agree to have Party B provide coordination and
advisory services during the stock listing and issuing process. Based on the
consensus through mutual consultation, Party A and Party B hereby sign this
agreement. 

	I. 	
      Goal of the Advisory Services

	 	 	 
		1. 	
      Provided financial training to popularize the security
      and legal information to the company directors, supervisor and senior
      management staff, in particular to develop deep and complete
      understandings on business ethics, legal obligations of the securities
      market, and basic knowledge of company establishment and operations to
      these personnel; to train these personnel to properly learn about their
      responsibilities and rights, to lay a solid foundation for the company to
      comply with the international capital markets norms;

	 	 	 
		2. 	
      To ensure the company strictly comply with policies and
      laws set by the U.S. SEC; standardize the company restructuring and
      operation; establish effective ownership regulatory systems; realize the
      property rights of the legal person and the investors rights and
      obligations; establish the standardized organizational and operative
      mechanism so as to promote the company to transfer its business mechanism
      and to assist the company to set up the standardized organizational
      structure and interior operating mechanism; At the same time to establish
      an information disclosure system in compliance with publicly listed
      company requirements.

	 	 	 
		3. 	
      Party B shall be responsible of coordinating the entire
      project, and to assist Party A on selecting and organizing a professional
      team (”listing team”) that includes Chinese and foreign attorneys,
      accountants, auditors, appraiser and securities traders, etc, to ensure
      extensive and close cooperation between the company and the listing team
      to achieve company’s restructuring and
reverse merger process according to plan.

 

2 / 9

	
 	
 
	
II.  		
Content of the Advisory Services  	
	
 	
 	
 
	
 	
1. 		
To examine the legality and validity of the company’s establishment and previous evolution;

	
	 	 	 
	
 	
2. 		
To provide company director, supervisors, senior management staff and shareholders holding 5% or more of the company shares (including 5% shareholders) with trainings on related laws and regulations;

	
	 	 	 
	
 	
3. 		
Establish and complete basic mechanism including shareholder meetings, board of directors, board of supervisors, etc. in compliance with modern enterprise management requirement, and assist to formulate charters related to legal
representative management mechanism.

	
	 	 	 
	
 	
4. 		
To establish a complete information disclosure system in compliance with requirements of a publicly listed company;

	
	 	 	 
	
 	
5. 		
To standardize the relationships between company and controlling shareholders or other related parties;

	
	 	 	 
	
 	
6. 		
To examine if Party A has properly disposed the ownership legality of trademarks, patents, land rights, building rights, etc. pursuant to regulations;

	
	 	 	 
	
 	
7. 		
To assist Party A to establish and complete explicit business development plans and objectives, to design practical use of raised capital and other project investment plans;

	
	 	 	 
	
 	
8. 		
Comprehensively assess if Party A satisfies requirements of reverse merger; assist Party A in organizing a listing team, engaging the restructuring, acquisition, declaration and approval work. To draft the project schedule that
projects to complete the reverse merger within 6 months;

	
	 	 	 
	
 	
9. 		
If Party A arranges other tasks during the terms of advisory agreement, Party B shall assist Party A to the extent of its capabilities.

	
	 	 	 
	III. 	
Obligation and commitment of Party A

	
	 	 	 
	
 	
1. 		
To entrust Party B to handle all related or necessary work on assets restructuring, financial coordination and capital operations, and to provide Party B with necessary convenient working conditions;

	
	 	 	 
	
 	
2. 		
Party A shall set up a project team, which members including the company principles, and appoint specific staff members in charge of specific tasks according to the project work plan and schedule requirements, and to arrange staff
to be trained for these work;

	
	 	 	 
	
 	
3. 		
Party A shall provide Party B with the true, accurate and complete documents, from which Party B shall draft the above-mentioned capital operations related documents and materials, based on the requirements of working plans; and
also for Party B to provide better focused advisory services accordingly. Party A shall be responsible of the truthfulness, accuracy, completeness and legality of the materials and information provided;

	
	 	 	 
	
 	
4. 		
Party A shall provide party B and its team the company’s basic profile and financial report of the previous two years within 10 days after the signing of this agreement;

	
	 	 	 
	
 	
5. 		
Party A shall accept and implement Party B’s suggestions based on SEC regulations;

	
	 	 	 
	
 	
6. 		
Party A shall inform Party B in advance of important events such as amendments of article of incorporation, information disclosure, preparation of annual financial reports or interim financial reports, allocation of profit,
ownership changes, holding shareholder’s, board, and supervisors’ meeting and so on, in order to ensure good cooperation between both parties;

	
	 	 	 
	
 	
7. 		
Party B and its project team staff hold the rights to review the memos of shareholders, board, and supervisors’ meeting, as well as memos of general manager meetings; Party B and its project team staff hold the right to attend selected meetings mentioned above. Party A shall be responsible for the truthfulness, accuracy,
completeness and legality of the materials and information provided;

	

3 / 9

	
 	
8. 		
Party A shall provide Party B team members proper working conditions, and accept the reasonable suggestions regarding company restructuring and reverse merger from Party B and its listing team members;

	
	 	 	 
	IV. 	
Obligation and commitment of Party B

	
	 	 	 
	
 	
1. 		
Party B shall provide Party A the financial advisory services on assets restructuring, financial coordinating, capital operation and so on;

	
	 	 	 
	
 	
2. 		
Party B shall provide the coordinating and advisory services on asset restructuring, finance coordinating and overseas listing during the entire process prior to Party A’s listing; Party B shall draft the related proposals
and help the project team to issue all the Chinese or English documents needed on the listing process; Party B shall provide suggestions and proposals on the above mentioned documents if any issues occur;

	
	 	 	 
	
 	
3. 		
Party B shall coordinate the project team to provide the consultation and suggestions on the issues of the company’s financial auditing, asset valuation, land rights valuation and legacy financial issues; Party B shall
provide consulting services on various reports and proposals from project teams and as well as from other involved parties;

	
	 	 	 
	
 	
4. 		
Party B shall establish or control an offshore (the “offshore company”) company, which shall not carry any debts and law suits related to debt and economic disputes; otherwise Party B shall be responsible for all
expenses and losses on this offshore company ; The majority shareholder of the offshore company shall be an overseas citizen entrusted by Party A;

	
	 	 	 
	
 	
5. 		
Party B shall seek and determine a publicly listed company (the “shell company”), which shall not carry any debts and law suits related to debt and economic disputes, otherwise Party B shall be responsible for all
expenses and losses on this shell company;

	
	 	 	 
	
 	
6. 		
Party B shall evaluate and initiate share exchange with the listed shell company, and the list shell company shall be a US company listed on the OTCBB;

	
	 	 	 
	
 	
7. 		
Party B shall assist Party A to raise capital in compliance with the law;

	
	 	 	 
	
 	
8. 		
Party B shall help Party A to draft a proper and efficient listing proposal to list overseas, and help Party A to prepare the reverse merger material;

	
	 	 	 
	
 	
9. 		
Party B shall conduct all round reviews and appraisals on Party A in order to meet all the requirements of the reverse merger, including Party A’s current incorporated form, organizational structure, and to understand Party
A’s equity, assets, and finance situation.

	
	 	 	 
	
 	
10. 		
Party B shall provide Party A the restructuring proposal and procedures of putting it in to practice, based on the complete understanding of Party A’s current assets and finance situation, meanwhile guaranteeing Party
A’s business nature; Party B shall design proper taxation coordinating proposal to realize the maximum interest of the shareholders;

	
	 	 	 
	
 	
11. 		
Party B shall coordinate and organize the project team to ensure that all personnel are competent in qualification and experience. If person employed by Party B causes any material mistake with Party A’s listing documents and
leads to Party A’s loss, and Party A hold the right to not pay for the professional service fees, Party B shall be responsible for the entire loss. Party B shall be responsible to the loss which the project team may cause to Party A due to
operating mistakes;

	
	 	 	 
	
 	
12. 		
Party B shall collect and analyze the related documents and materials of company’s restructuring;
Party B shall conduct the initial feasibility evaluation on Party A and its subsidiaries’ business restructuring, financial costs, capital raising amount and so on; Party B shall provide the detailed and practical plan of debt restructuring,
shareholder restructuring, and listing, to specify all the particular work that Party A needs to consummate based on Party A’s status. All plans must be discussed and agreed by both Parties;   13. Party B shall provide suggestions on the
related problems (including legal obstacles, policy obstacles and financial issues) in the process of Party A’s capital operations, to ensure Party A’s assets, finance, management, and organizational structure to become more reasonable,
and to ensure a smooth operation;  14. Party B shall be fully responsible of selecting international investment banks and other financial institutions, and providing the service of sourcing for the shell company, trading, marketing campaign,
stabilizing the share price, capital raising and so on; Party B shall act as a part of the project team along with the chosen investment bank to help Party A in the event of setting up a complete company structure, completing the shareholders
restructuring, assets exchange, share issuance for capital raising and so on; The operating details will be stipulated on the agreement signed between Party A and other financial institutions as a indispensable supplement of this agreement; 

	

4 / 9

 

	
 	
15. 		
Party B shall unconditionally help Party A to complete the employee stock incentive plan;

	
	 	 	 
	
 	
16. 		
The investment bank chosen by Party B shall act as principle party with specific works during the Party A’s entire reverse merger and listing process, including and not limit to capital raising activities such as drafting the
prospectus, designing the offering proposal, preparing the application material to the government agencies, coordinating the relationship with government agencies, obtaining the approval from the SEC, coordinating with the investor relations
company, and underwriting Party A’s new issued stocks;

	
	 	 	 
	
 	
17. 		
Party B shall appoint certain staff and organize the team to conduct the above mentioned work; Party B shall first obtain Party A’s consent in a written form for plan changes;

	

	 	 
	 	 
	V. 	
 Related costs and investing/financing plan 

	

Party B, as the advisor and coordinator of this listing project, shall receive fees totaling USD 800,000 from Party A and certain number of stocks of the OTCBB listed company.  The agreed fees include but are not limited to: Party B’s advisory
fees, the shell company’s share transfer fees, attorney fees, audit fees, appraisal fees, SEC filing fees and promotional fees (not including travel, lodging and other similar expenses occurred during Party A’s audit process and overseas
road shows.  Party A is responsible for such expenses). After Party A completes reverse merger on OTCBB listing, as defined as the filing time of the super 8K document to the SEC, all the fees are responsible by the public company with Party A
acting as the controlling shareholder.  Detailed arrangements are below: 

	
 	
1. 		
Based on Party A’s actual situation, both parties agree that the total number of shares of the OTCBB company that Party A achieved listing with shall be 20,000,000 shares;

	
	 	 	 
	
 	
2. 		
After Party B helps Party A to complete listing on U.S OTCBB, Party A agrees that Party B and other related parties to hold 18% stock of the listed company, or 3,600,000 shares. This portion of share accounts for the strategic
advisory shares paid by Party A to Party B. These shares are to be owned by the Party B and former shareholders of the OTCBB shell company. Party B has the rights to determine the allocation of these shares, including the arrangements of public
relations and advisors, with no restriction from Party A. Party A shall unconditionally assist the parties appointed by Party B to complete various legal proceedings;

	

5 / 9

	
 	
3. 		
In view of Party B is committed to pay the USD 800,000 in advance for listing related expenses, Party A commits to providing 10% of the OTCBB listed company’s shares held by Party A’s future shareholders to the
designated organizations or individuals appointed by Party B with a signed agreement as guarantee. By the time Party B raises an accumulated amount equal to or more than USD 5,000,000 for Party A, Party A shall pay Party B $800,000 based on the
terms of the pre-paid expenses, and both sides are released of the responsibility of the guarantee.

	
	 	 	 
	
 	
4. 		
In view of the Party B bearing the full cost of $800,000 occurred during the listing process for Party A, the Party A could elect to pay back Party B the listing costs with shares of the OTCBB listed company owned by the major
shareholders. The share price shall be the same as the issuance price of the first round of financing after Party A’s listing.

	
	 	 	 
	
 	
5. 		
If Party A requests a $5,000,000 private placement prior to listing, Party B agrees to assist Party A
on this effort.  Party A agrees that the share price of the private placement shall be determined on the basis of the audited net profit of 2009 or projected net profit of 2010. 

	

	
 	
 	
 
	
 	
6. 		
If the Party B assists Party A to complete the private placement prior to listing, or complete capital raise with additional share issuance after listing, Party A shall pay 3% of the total proceeds to Party B within 3 days of
receiving the capital as a reward to the staff participating in the raise and the road shows.

	
	 	 	 
	
 	
7. 		
Within 5 years from Party A listing on OTCBB, Party B shall serve as the financial advisor to Party A and its related companies, with the same fees. Party A shall issue 100,000 shares at $0.10 per share to Party B prior to
December 31 of every year as financial advisory fees in order to maintain Party B’s regular advisory services to Party A.

	
	 	 	 
	
 	
8. 		
After Party A’s listing, Party A shall authorize Party B to assist Party A on one merger or acquisition with a company outside of the current project scope. Party B shall receive a certain portion of the transaction total as
advisory compensation (in stock and/or in cash). The specific portion and pricing is to be determined then. Party B could receive the advisory compensation directly from Party A, or with Party A’s consent, from the acquisition target or merger
counterparty;

	
	 	 	 
	
 	
9. 		
The above-mentioned shares held by the company founding shareholders are required to a one year lock-up period after completion of OTCBB reverse merger according to SEC regulations.

	
	 	 	 
	VI. 	
Reverse merger and financing plan

	
	 	 	 
	
 	
1. 		
Under the premise of full cooperation of Party A, Party B commits to completing Party A’s reverse merger on or before July 31, 2010 (subject to the date when super 8-K is filed with the SEC)

	
	 	 	 
	
 	
2. 		
As the same time the shell company controlled by Party A completes the US OTCBB listing, Party B shall plan Party A’s financing based on Party A’s actual requirements. Both Parties agree to complete Party A’s first
round of financing (subject to the date of which investors sign the investment framework agreement) 6 months from Party A’s official listing on OTCBB (on or before December 31, 2010). Party B shall assist Party A to raise USD 20,000,000 to USD
50,000,000.

	
	 	 	 
	
 	
3. 		
Both parties agree that if Party A pays in RMB, the exchange rate shall be determined by the median exchange rate of the date of payment.

	

6 / 9

	 	 
	
VII. 	
Confidentiality

	

	
 	
 	
 
	
 	
1. 		
Party A agrees that all information provided to Party B is only applicable to the listing project described in this agreement.

	
	 	 	 	 
	
 	
2. 		
Both Parties shall treat the material provided by the other party as confidential (“confidential information”) (except the disclosed material), the recipient shall not apply the provided information besides the use of
this agreement, and shall not disclose or reveal to any third party. If this agreement terminates, both parties shall return the confidential material to the other party, and guaranty in written form that all the other unreturned confidential
material has been destroyed;

	
	 	 	 	 
	
 	
3. 		
In case related authorities, governmental department or court required Party B to provide confidential material related to Party A, this clause becomes ineffective;

	
	 	 	 	 
	
VIII. 	Guarantee
	 	 	 	 
	
 	
1. 		
Party A agrees Party B holds 5% of the shares of the new established Hong Kong holding company in order to reduce Party B’s risk in this project. Party B shall waive the right as the above mentioned company shareholder before
Party A lists on the overseas markets, meanwhile reserve the right of signing all the documents as a shareholder, Party B shall unconditional waive the rights after Party A lists on OTCBB;

	
	 	 	 	 
	
 	
2. 		
Party A and Party B (Party B indicates Party B as self or a party entrusted by Party B) hereby agree, that Party A guaranties that Party B and its related companies (related companies indicates Party B’s subsidiaries, or
companies of which Party B has equity, or the controlled company’s subsidiaries) and their directors or employees (“guarantied person”), if Party B, as one party or individually, directly or indirectly incurs any losses, claims,
costs, deficits, litigations, trials, requirements, liabilities and expenses (“claims”) due to this agreement or the provided services, Party A unconditionally guaranties its compensation on this regard, and ensure the guarantied person
free of loss in any jurisdiction. However, Party B shall be responsible for all the loss if Party B causes Party A any material damages due to serious mistakes or deliberately breaching of the agreement;

	
	 	 	 	 
	
IX. 	
Termination

	
	 	 	 	 
	 		
The term of this agreement lasts 5 years. This agreement can be terminated in advance, under
mutual consent in written form of both Parties, otherwise it is consider of breach of the agreement, unless it is prescribed in other items of this agreement; 

	

	 	 
	
X. 	
Breach Responsibilities

	

	
 	
 	
 
	
 	
1. 		
If Party A breaches relevant provisions of Article V of this Agreement, it shall be deemed that Party A takes the initiative to terminate this Agreement and Party B is entitled to terminate this Agreement, Party A shall be
responsible for all the consequences, including the refund of Party B’s investment, and compensate all of Party B’s economic losses in this project;

	
	 	 	 
	
 	
2. 		
If Party A in material breach of the Articles of this agreement or not accept Party B’s reasonable suggestion of amendments, Party B has the rights, with no responsibilities or obligations, to terminate this agreement with a
written notice at any time. If Party B breaches this agreement, Party A could terminate this agreement with a written notice at any time.

	
	 	 	 
	
 	
3. 		
Party B shall be the sole financial advisor for Party A and its related company within 2 years since the date of Party A listed on OTCBB; Party A authorizes Party B full rights to appoint other intermediary advisory institutions. Otherwise
      it is deemed that Party A breaches the agreement and needs to pay Party B
      USD 1,000,000 as compensation; 

	

7 / 9

	 	4. 	Either party which intents to terminate the
      agreement shall advise the other party 15 days in advance to negotiate,
      and shall provide a proper explanation in written form; 
	 	5. 	This agreement is signed under the premise that
      Party A does not have any cooperation or investment agreement with any
      other institutions; Party A shall be responsible for the third party’s
      compensation if any third party seems any compensation or interests from
      Party B after signing this agreement; 
	 	6. 	Party A shall not unilateral terminate the
      agreement after signing, as Party B pays all the expenses in advance and
      takes all the risks before listing; If Party A insists in termination
      unilaterally, Party A shall pay Party B USD 1,000,000 as compensation of
      Party B’s economic loss, except for the losses incurred due to Party B
      violating the agreement; 
	 	  	  
	XI. 	Laws and arbitration 
	 	 	 
	 	1. 	This agreement is governed by the laws of the
      PRC, and in accordance with PRC legal interpretation; 
	 	 	 
	 	2. 	Both Parties shall friendly negotiate on any
      disputes arising from or relates to this agreement. In the case of such
      negotiation fails, either party may sue to the court where accuser
      locates; 
	 	  	  
	XII. 	Force Majeure 

During the term of this agreement, if one party or parties can
not implement certain or all articles of this agreement due to force majeure,
the party or parties shall be free of responsibility; The party or parties shall
inform the other party by written form or other forms prescribed by laws within
14 days after occurrence of force majeure, and provide supportive proof; In the
dissipation of the effect of force majeure, the party or parties shall continue
to perform this Agreement. 

	XIII. 
 	Supplementary Provisions

	 	 	
       
	 	1. 	
      This agreement signed by both parties and enters into
      effect since the signing date;

	 	 	 
	 	2. 	
      The supplement agreement, annex, description and
      interpretation of this agreement have the same legal effect as this
      agreement;

	 	 	 
	 	3. 	
      The amendment and supplement of this agreement also its
      annex shall reach the consensus under mutual negotiation between both
      parties and be signed in a written form;

	 	 	 
	 	4. 	
      The agreement is in duplicates, each one holds by Party A
      and Party B, with the same effect;

Party A: Qianxinan Aosen Forestry Company, Ltd 

Signed: /s/ Yulu Bai 

Legal Representative (authorized representative) 

Date: Feb 2nd, 2010

8 / 9

Shenzhen, China

Party B: Asia Regal Finance Capital Group Co., Ltd and
Shenzhen Junwei Investment and

Development Co., Ltd 

Stamped: 

Signed: /s/ Yu Liu 

Legal Representative (authorized representative):

Date: Feb 2nd, 2010 

Shenzhen, China 

 

 

 

9 / 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00197-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00197-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00197-of-00352.parquet"}]]