Document:

suwn-10_1.htm

     

    
      

      

    

    

      ACQUISITION
AGREEMENT

      

      THIS
ACQUISITION AGREEMENT (the "Agreement") is made and entered as of March 25,
2009, by and among Qufu Natural Green Engineering Co., Ltd., a limited liability
company organized under the laws of the Peoples Republic of China (“Buyer”),
Qufu Shengren Pharmaceutical Co., Ltd., a limited liability company organized
under the laws of the Peoples Republic of China (“Qufu Shengren”), and the
shareholders of Qufu Shengren listed on the signature page to this Agreement
(the “Shareholders”).

      

      RECITALS

      

      A. Qufu
Shengren is a limited liability company organized under the laws of the Peoples
Republic of China.

      

      B. The
Shareholders own an interest in Qufu Shengren in an amount listed next to their
name on the signature page to this Agreement and collectively own and hold a
100% interest in Qufu Shengren (the “Qufu Shengren Interest”).

      

      C.  Buyer
desires to acquire the Qufu Shengren Interest and the Shareholders desire to
sell to Buyer their interest in Qufu Shengren for a total price of $3,097,242,
which represents 100% of the value of the net tangible assets of Qufu Shengren
as of December 30, 2008 as determined by an independent asset appraiser in
accordance with government-issued assets appraisal principles in
China.  Buyer will acquire such Qufu Shengren Interest in exchange for
cash at Closing (the “Cash Consideration”), as hereinafter defined and in
accordance with the terms and conditions set forth in this
Agreement.

      

      D.  Qufu
Shengren is doing business in China and related territories with the following
address:

      

      6
Shengwang Ave

      Qufu,
Shandong, China

      Tel:
(86537) 442-4999

      Fax:
(86537) 441-3350

      

      NOW,
THEREFORE, in consideration of the mutual covenants, agreements, representations
and warranties contained in this Agreement, the parties hereto agree as
follows:

      

      1. CONSIDERATION

      

      Subject
to the terms and conditions of this Agreement, Buyer shall acquire the Qufu
Shengren Interest for a total consideration of $3,097,242 in cash, which amount
represents 100% of the value of the net tangible assets of Qufu Shengren as of
December 30, 2008 as determined by an independent asset appraiser in accordance
with government-issued assets appraisal principles in China, payable in cash at
Closing (the “Purchase Price”).  The purchase price shall be paid to
the Shareholders in proportion to their ownership interest in Qufu Shengren as
set forth on the signature page to this Agreement.

      

      2. CLOSING

      

      a.  The
closing shall take place not later than April 30, 2009 (the
“Closing”).  The parties agree that, subject to the Closing, the
acquisition of the Qufu Shengren shall be effective as of March 25,
2009.

      

      b. Procedure at the
Closing.  At the Closing, the parties agree to take the
following steps in the order listed below (provided, however, that upon their
completion all of these steps shall be deemed to have occurred
simultaneously):

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      (i)  Buyer and/or an
affiliate of Buyer as determined by Buyer shall deliver the Purchase Price to
Qufu Shengren; and

      

      (ii)  The
Shareholders will transfer their 100% interest in Qufu Shengren to Buyer by
delivery of the Qufu Shengren Interest and execution of such documentation as
may be reasonably requested by Buyer.

      

      3. REPRESENTATIONS AND
WARRANTIES OF QUFU SHENGREN AND THE SHAREHOLDERS

      

      Qufu
Shengren and the Shareholders hereby represent and warrant as
follows:

      

      a. Organization and Good
Standing and Ownership of Qufu Shengren.  Qufu Shengren is duly
organized, validly existing and in good standing under the laws of the Peoples
Republic of China, and is entitled to own or lease its properties and to carry
on its business in the places where such properties are now owned, leased or
operated and as such business is now conducted.  Qufu Shengren is duly
licensed or qualified and in good standing as a Chinese company of limited
liabilities where the character of the properties owned by it or the nature of
the business transacted by it make such licenses or qualifications
necessary.  There are no outstanding subscriptions, rights, options,
warrants or other agreements obligating either Qufu Shengren to issue, sell or
transfer any ownership interest in Qufu Shengren or an ownership of the assets
of Qufu Shengren.  The Shareholders have no relationship with Buyer
and its parent company Sunwin International Neutraceuticals, Inc., a Nevada
corporation or its executive officers or directors.

      

      a. Asset Appraisal Report,
Books and Records.  Qufu Shengren has delivered to Buyer the
assets appraisal report and schedules of fixed assets of Qufu Shengren as of
December 30, 2008 as determined by an independent asset appraiser in accordance
with government-issued assets appraisal principles in China (the "Qufu Shengren
Asset Appraisal ").  The Qufu Shengren Asset Appraisal is true and
accurate and fairly represents the value of the assets of Qufu Shengren as of
December 30, 2008, and has been prepared in accordance with government-issued
assets appraisal principles in China.  Since December 30, 2008 there
have been no material changes in the assets of Qufu Shengren.

      

      b. Taxes.  Qufu
Shengren has prepared and filed all appropriate tax returns for all periods
prior to and through the date hereof for which any such returns have been
required to be filed by it and has paid all taxes shown to be due by said
returns or on any assessments received by it or has made adequate provision in
its financial statements for the payment thereof.

      

      c. Compliance with
Laws.  Qufu Shengren has complied with all applicable laws,
ordinances, regulations, inspections, orders, judgments, injunctions, awards or
decrees applicable to it or its business which, if not complied with, would
materially and adversely affect the business of Qufu Shengren.  Qufu
Shengren shall obtain the necessary approvals from the respective regulatory
authority and shall provide such valid license to Buyer.

      

      d. Authority to Execute and
Perform Agreements.  Qufu Shengren and the Shareholders have
the full legal right and power and all authority and approval required to enter
into, execute and deliver this Agreement and to perform fully their obligations
hereunder.  This Agreement has been duly executed and delivered and is
the valid and binding obligation of , enforceable in accordance with its terms,
except as may be limited by bankruptcy, moratorium, insolvency or other similar
laws generally affecting the enforcement of creditors' rights.  The
execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby and the performance by this Agreement, in
accordance with its respective terms and conditions will not:

      
        
           

        

        
          - 2
-

          
            

          

        

        
           

        

      

      

      i. require
the approval or consent of any governmental or regulatory body, or the approval
or consent of any other person;

       

      ii. conflict
with or result in any breach or violation of any of the terms and conditions of,
or constitute (or with any notice or lapse of time or both would constitute) a
default under, any order, judgment or decree applicable to Qufu Shengren or the
Shareholders, or any instrument, contract or other agreement to
which  is a party or by or to which  is bound or subject;
or

       

      iii. result in
the creation of any lien or other encumbrance on the assets or properties of
Qufu Shengren or the Shareholders.

       

      e. Actions and
Proceedings.  There is no outstanding order, judgment,
injunction, award or decree of any court, governmental or regulatory body or
arbitration tribunal against or involving Qufu Shengren.

      

      f. Tangible
Assets.  Qufu Shengren has full title and interest in all
machinery, equipment, furniture, leasehold improvements, fixtures, vehicles,
structures, owned or leased by Qufu Shengren, any related capitalized items or
other tangible property material to the business of Qufu Shengren and as set
forth in the Qufu Shengren Asset Appraisal and as set forth on Schedule A
attached hereto (the "Qufu Shengren Assets").  Qufu Shengren holds all
rights, title and interest in all the Qufu Shengren Assets owned by it or
acquired by it after the date of the Qufu Shengren Asset Appraisal, free and
clear of all liens, pledges, mortgages, security interests, conditional sales
contracts or any other encumbrances.

      

      g. Liabilities.  Qufu
Shengren does not have any direct or indirect indebtedness, liability, claim,
loss, damage, deficiency, obligation or responsibility, known or unknown, fixed
or unfixed, liquidated or unliquidated, secured or unsecured, accrued or
absolute, contingent or otherwise, including, without limitation, any liability
on account of taxes, any other governmental charge or lawsuit (all of the
foregoing collectively defined to as "Qufu Shengren Liabilities"), which were
not fully, fairly and adequately reflected on the Qufu Shengren unaudited
balance sheet as of December 30, 2008.  Since December 30, 2008 there
have been no material changes in liabilities, outside of the ordinary course of
business.

      

      h. Full
Disclosure.  No representation or warranty by Qufu Shengren or
the Shareholders in this Agreement or in any document or schedule to be
delivered by them pursuant hereto, and no written statement, certificate or
instrument furnished or to be furnished to Buyer pursuant hereto or in
connection with the negotiation, execution or performance of this Agreement,
contains or will contain any untrue statement of a material fact or omits or
will omit to state any fact necessary to make any statement herein or therein
not materially misleading or necessary to a complete and correct presentation of
all material aspects of the business of Qufu Shengren.

      

      4. The
Shareholders hereby represent and warrant that the Shareholders collectively are
the beneficial owners of record of the Qufu Shengren Interest, which ownership
interest is free and clear of all rights, claims, liens and encumbrances, and
has not been sold, pledged, assigned or otherwise transferred except pursuant to
this Agreement.  The total registered and authorized capital of Qufu
Shengren is $3,700,000, which has been contributed by and is solely owned by the
Shareholders.

      

      
        
           

        

        
          - 3
-

          
            

          

        

        
           

        

      

      5. REPRESENTATIONS AND
WARRANTIES OF BUYER

      

      Buyer
hereby represents and warrants to Qufu Shengren and the Shareholders as
follows:

      

      b. Organization and Good
Standing.   Buyer is a limited liability company duly
organized, validly existing and in good standing under the laws of the Peoples
Republic of China and is entitled to own or lease its properties and to carry on
its business as and in the places where such properties are now owned, leased,
or operated and such business is now conducted and has full corporate power and
authority to perform the transactions and agreements contemplated by this
Agreement.

      

      c. Authorization; Binding
Obligation: Consents; Interested Parties.  The execution,
delivery and performance of this Agreement have been authorized by all necessary
corporate, shareholder and legal action on the part of Buyer.  This
Agreement has been duly executed and delivered by Buyer and is the legal, valid
and binding obligation of Buyer enforceable against it in accordance with its
terms.

      

      d. No
Breach.  The execution, delivery and performance of this
Agreement and the consummation of the transactions contemplated hereby will
not:

      

      i. violate
any provision of the Articles of Incorporation or By-Laws of Buyer;

       

      ii. violate,
conflict with or result in the breach of any of the terms of, result in a
material modification of, otherwise give any other contracting party the right
to terminate, or constitute (or with notice or lapse of time or both constitute)
a default under, any contract or other agreement to which Buyer is a party or by
or to which it or any of its assets or properties may be bound or
subject;

       

      iii. violate
any order, judgment, injunction, award or decree of any court, arbitrator or
governmental or regulatory body against, or binding upon, Buyer or upon the
properties or business of; or

       

      iv. violate
any statute, law or regulation of any jurisdiction applicable to the
transactions contemplated herein which could have a material adverse effect on
the business or operations of Buyer.

       

      e. Authority to Execute and
Perform Agreements.  Buyer has the full legal right and power
and all authority and approval required to enter into, execute and deliver this
Agreement and to perform fully its obligations hereunder.  This
Agreement has been duly executed and delivered and is the valid and binding
obligation of , enforceable in accordance with its terms, except as may be
limited by bankruptcy, moratorium, insolvency or other similar laws generally
affecting the enforcement of creditors' rights.  The execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby and the performance by this Agreement, in accordance with its respective
terms and conditions will not:

      

      i. require
the approval or consent of any governmental or regulatory body, the members or
owners of Buyer, or the approval or consent of any other person;

       

      ii. conflict
with or result in any breach or violation of any of the terms and conditions of,
or constitute (or with any notice or lapse of time or both would constitute) a
default under, any order, judgment or decree applicable to Buyer, or any
instrument, contract or other agreement to which  is a party or by or
to which  is bound or subject; or

       

      iii. result in
the creation of any lien or other encumbrance on the assets or properties of
Buyer.

       

      
        
           

        

        
          - 4
-

          
            

          

        

        
           

        

      

      

       

      f. Full
Disclosure.  No representation or warranty in this Agreement or
in any document or schedule to be delivered by it pursuant hereto, and no
written statement, certificate or instrument furnished or to be furnished to
Qufu Shengren or Shandong pursuant hereto or in connection with the execution or
performance of this Agreement contains or will contain any untrue statement of a
material fact or omits or will omit to state any fact necessary to make any
statement herein or therein not materially misleading or necessary to a complete
and correct presentation of all material aspects of the business of
Buyer.

      

      g. Representations and
Warranties at Closing.  The representations and warranties
contained in this Section 4 shall be true and complete at the Closing with the
same force and effect as through such representations and warranties had been
made on and as of the Closing Date.

      

      6. MUTUAL COVENANTS OF ALL
PARTIES

      

      a. Corporate Examinations and
Investigations.  Prior to the Closing, the parties acknowledge
that they have been entitled, through their employees and representatives, to
make such investigation of the assets, properties, business and operations,
books, records and financial condition of the other as they each may reasonably
require.  No investigation by a party hereto shall, however, diminish
or waive in any way any of the representations, warranties, covenants or
agreements of the other party under this Agreement.

      

      b. Expenses.  Each
party hereto agrees to pay its own costs and expenses incurred in negotiating
this Agreement and consummating the transactions described herein.

      

      c. Further
Assurances.  The parties shall execute such documents and other
papers and take such further actions as may be reasonably required or desirable
to carry out the provisions hereof and the transactions contemplated
hereby.  Each such party shall use its best efforts to fulfill or
obtain the fulfillment of the conditions to the satisfaction of each party to
conduct the execution of this Agreement on or before the Closing including,
without limitation, the execution and delivery of any documents or other papers,
the execution and delivery of which are necessary or appropriate to the
Closing.

      

      7. INDEMNIFICATION

      

      a. Obligation of Buyer to
Indemnify.  Subject to the limitations on the survival of
representations and warranties contained in Section 3 confirm par number, Buyer
hereby agrees to indemnify, defend and hold harmless Qufu Shengren and the
Shareholders from and against any losses, liabilities, damages, deficiencies,
costs or expenses (including interest, penalties and reasonable attorneys' fees
and disbursements (a "Loss") based upon, arising out of or otherwise due to any
inaccuracy in or any breach of any representation, warranty, covenant or
agreement of  contained in this Agreement or in any document or other
writing delivered pursuant to this Agreement.

      

      
        
           

        

        
          - 5
-

          
            

          

        

        
           

        

      

      b. Obligation of Qufu Shengren
and the Shareholders to Indemnify.  Subject to the limitations
on the survival of representations and warranties contained in Section 4, Qufu
Shengren and the Shareholders agree to indemnify, defend and hold harmless Buyer
from and against any Indemnified Liabilities.  For this purpose,
“Indemnified Liabilities” shall mean all suits, proceedings, claims, expenses,
losses, costs, liabilities, judgments, deficiencies, assessments, actions,
investigations, penalties, fines, settlements, interest and damages (including
reasonable attorneys’ fees and expenses), whether suit is instituted or not and,
if instituted, whether at any trial or appellate level, and whether raised by
the parties hereto or a third party, incurred or suffered by Buyer, its
officers, directors, employees, agents and affiliates or any of them arising
from, in connection with or as a result of (a) any false or inaccurate
representation or warranty made by or on behalf of Qufu Shengren or Shandong in
or pursuant to this Agreement; or (b) any default or breach in performance of
any of the covenants or agreements made by Qufu Shengren or Shandong in or
pursuant to this Agreement.

       

      8. MISCELLANEOUS

      

      a. Waivers.  The
waiver of a breach of this Agreement or the failure of any party hereto to
exercise any right under this Agreement shall in no event constitute a waiver as
to any future breach whether similar or dissimilar in nature or as to the
exercise of any further right under this Agreement.

      

      b. Amendment.  This
Agreement may be amended or modified only by an instrument of equal formality
signed by the parties or the duly authorized representatives of the respective
parties.

      

      c. Assignment.  This
Agreement is not assignable except by operation of law.

      

      d. Notices.  Until
otherwise specified in writing, the mailing addresses of both parties of this
Agreement shall be as follows:

      

      
        	
                Buyer:

                6
      Shengwang Ave

                Qufu,
      Shangdong, China

                 

                 

              	
                Qufu
      Shengren and the Shareholders:

                6
      Shengwang Ave

                Qufu,
      Shangdong, China

                Tel:
      (86537) 442-4999

                Fax:
      (86537) 441-3350

              

      

      

      Any
notice, request, information or other document to be given hereunder to any of
the parties by any other party shall be in writing and shall be either hand
delivered, delivered by facsimile, mailed by overnight delivery service or by
registered or certified mail (postage prepaid), return receipt requested, at the
address indicated above or at such other address that shall have been furnished
in writing to the addressor.

      

      e. Governing
Law.  This Agreement shall be construed, and the legal
relations between the parties determined, in accordance with the laws of the
Peoples Republic of China, thereby precluding any choice of law rules which may
direct the application of the laws of any other jurisdiction.

      

      f. Entire
Agreement.  This Agreement executed in connection with the
consummation of the transactions contemplated herein comprises the entire
agreement among the parties with respect to the acquisition of the Qufu Shengren
Interest and supersedes all prior agreements, written or oral, with respect
thereto.

      

      g. Headings.  The
headings in this Agreement are for reference purposes only and shall not in any
way affect the meaning or interpretation of this Agreement.

      
        
           

        

        
          - 6
-

          
            

          

        

        
           

        

      

      

      h. Severability of
Provisions.  The invalidity or unenforceability of any term,
phrase, clause, paragraph, restriction, covenant, agreement or other provision
of this Agreement shall in no way affect the validity or enforcement of any
other provision or any part thereof.

      

      i. Counterparts.  This
Agreement may be executed in any number of counterparts, each of which when so
executed, shall constitute an original copy hereof, but all of which together
shall consider but one and the same document.

      

      
        
           

        

        
          - 7
-

          
            

          

        

        
           

        

      

      IN WITNESS WHEREOF, the
parties have executed this Agreement on the date first above
written.

      

        
          
            
              	
                      Qufu
      Natural Green Engineering Co., Ltd.

                       

                       

                      By:                                                              

                      /s/ Chengxiang Yan, General
      Manager

                      Chengxiang
      Yan, General Manager

                    	
                         Qufu
      Shengren Pharmaceutical Co., Ltd.

                       

                       

                      By:                                                              

                      /s/ Xiangsheng Kong, General
      Manager

                      Xiangsheng
      Kong, General Manager

                    

            

          

        

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          	
                                                  Shareholder
      Name

                                                	 
      	
                                                  Ownership
      %

                                                
	
                                                   

                                                   

                                                    

                                                  /s/ Lingrong Kong

                                                  Lingrong
      Kong

                                                	 
      	
                                                   

                                                   

                                                  20%

                                                
	
                                                   

                                                   

                                                   

                                                  /s/ Qianfu Yan

                                                  Qianfu
      Yan

                                                	 
      	
                                                   

                                                   

                                                  20%

                                                
	
                                                   

                                                   

                                                   

                                                  /s/ Yuqing Jia

                                                  Yuqing
      Jia

                                                	 
      	
                                                   

                                                   

                                                  20%

                                                
	
                                                   

                                                   

                                                   

                                                  /s/ Chang’e Liu

                                                  Chang’e
      Liu

                                                	 
      	
                                                   

                                                   

                                                  16%

                                                
	
                                                   

                                                   

                                                   

                                                  /s/ Wenyang Li

                                                  Wenyang
      Li

                                                	 
      	
                                                   

                                                   

                                                  8%

                                                
	
                                                   

                                                   

                                                   

                                                  /s/ Xiangsheng Kong

                                                  Xiangsheng
      Kong

                                                	 
      	
                                                   

                                                   

                                                  8%

                                                
	
                                                   

                                                   

                                                   

                                                  /s/ Xiangzhu Kong

                                                  Xiangzhu
      Kong

                                                	 
      	
                                                   

                                                   

                                                  8%

                                                

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

        

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
 

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          - 8
-suwn-10_2.htm

     

    
      

      

    

    

      STOCK
SALE AND PURCHASE AGREEMENT

      

      THIS
STOCK SALE AND PURCHASE AGREEMENT (the "Agreement") is made and entered as of
25th day of March 2009 by and among Sunwin International Neutraceuticals, Inc.,
a Nevada corporation, (the “Company”) and the shareholders of Qufu Shengren
Pharmaceutical, Co., Ltd., a limited liability company organized under the laws
of the Peoples Republic of China, including Lingrong Kong, Qianfu Yan, Yuqing
Jia, Chang’e Liu, Wenyang Li, Xiangsheng Kong, and Xiangzhu Kong (collectively
the “Buyers”).

      

      RECITALS

      

      A. Sunwin
International Neutraceuticals, Inc. is a Nevada corporation.

      

      B. The
Buyers sold their 100% interest in Qufu Shengren Pharmaceutical Co., Ltd., a
Chinese limited liability Company (“Qufu Shengren”) to the Company’s wholly
owned subsidiary, Qufu Natural Green Engineering Co., Ltd., a Chinese limited
liability company, (“Qufu Natural Green”) for a price equal to $3,097,242 in
cash based upon, in part, the Company’s agreement to sell, and the Buyers’
agreement to buy a total of 21,434,201 shares (the “Shares”) of the
Company’s  common stock, $0.001par value (the “Common Stock”) at a
price of $.145 per share for an aggregate price of $3,097,242, payable at the
Exchange and subject to the terms and conditions of this Agreement (the “Qufu
Shengren Sale”);

      

      In order
to complete the Company’s plan to acquire a 100% interest in Qufu Shengren as
part of the Qufu Shengren Sale, the Company shall sell to the Buyers a total of
21,434,201 shares of the Company’s Common Stock at a price of $.145 per share
for an aggregate price of $3,097,242, payable at the Exchange and subject to the
terms and conditions of this Agreement; and

      

      C. The offer
and sale of the Shares shall qualify as a transaction in securities exempt from
registration or qualification under the Securities Act of 1933, as amended, (the
"Act").

      

      NOW,
THEREFORE, in consideration of the mutual covenants, agreements, representations
and warranties contained in this Agreement, the parties hereto agree as
follows:

      

      1. CONSIDERATION

      

      Subject
to the terms and conditions of this Agreement, the Buyers shall acquire a total
of 21,434,201 shares of the Company’s Common Stock at a price of $.145 per share
for a total consideration of $3,097,242 in cash payable at the Exchange (the
“Purchase Price”).  The per share purchase price is equal to the
average of the closing price of the Company’s Common Stock as listed on the OTC
Bulletin Board during the five trading days prior to March 25, 2009, less
15%.  The Purchase Prices is equal to 100% of the value of the net
tangible assets of Qufu Shengren as of December 30, 2008 as determined by an
independent asset appraiser in accordance with government-issued assets
appraisal principles in China.

      

      2. EXCHANGE

      

      a.  The
exchange of the stock for cash shall take place not later than April 30, 2009
(the “Exchange”).

      

      b. Procedure at the
Exchange.  At the Exchange, the parties agree to take the
following steps in the order listed below (provided, however, that upon their
completion all of these steps shall be deemed to have occurred
simultaneously):

      
        
          
             

          

           

        

        
          
          

          
            

          

        

        
           

        

      

      

      (i)  the
Company shall deliver the Shares to the Buyers; and

      

      (ii)  the
Buyers will pay the Purchase Price to the Company and execute such documentation
as may be reasonably requested by the Company.

      

      3. REPRESENTATIONS AND
WARRANTIES OF THE COMPANY

      

      The
Company hereby represents and warrants as follows:

      

      a. Organization and Good
Standing and Ownership of Company.  The Company is duly
organized, validly existing and in good standing under the laws of the state of
Nevada, and is entitled to own or lease its properties and to carry on its
business in the places where such properties are now owned, leased or operated
and as such business is now conducted.  The Company is duly licensed
or qualified and in good standing as a Nevada corporation where the character of
the properties owned by it or the nature of the business transacted by it make
such licenses or qualifications necessary.  Laiwang Zhang is the
President and Chairman of the Board of Directors of the Company which owns Qufu
Natural Green.

      

      b. Capitalization of the
Company.  The authorized capital of the Company consists of
1,000,000 shares of preferred stock, $.001 par value, none of which are issued
or outstanding and 200,000,0000 shares of common stock, $.001 par value, of
which 127,679,916 shares are outstanding as of the date
hereof.  Additionally, the Company has issued and outstanding
9,199,090 warrants to purchase 9,199,090 shares of common stock with an exercise
price of $0.15 per share and 26,666,666 five-year warrants to purchase
26,666,666 shares of common stock with an exercise price of $0.35 per
share.

      

      c. Common
Stock.  The shares of the Company’s Common Stock to be issued
to the Buyers have been duly authorized by all necessary corporate and
stockholder actions and, and when so issued in accordance with the terms of this
Agreement, will be validly issued, fully paid and non-assessable.

      

      d. Information on the
Company.  The Buyers have been furnished with or has had access
at the EDGAR Website of the Securities and Exchange Commission (the
“Commission”) to the Company’s 10-KSB (and any amendments thereto) for the
fiscal year ended April 30, 2008 and all periodic and current reports filed with
the Commission thereafter (the “Reports”).  In addition, the Buyers
have received in writing from the Company such other information concerning its
operations, financial condition and other matters as the Buyers have requested
in writing (such other information is collectively, the “Other Written
Information”).

      

      e. No
Breach.  The execution, delivery and performance of this
Agreement and the consummation of the transactions contemplated hereby will
not:

      

      (i) violate
any provision of the Articles of Incorporation or By-Laws or similar doctrines
of the Company;

       

      (i) violate,
conflict with or result in the breach of any of the terms of, result in a
material modification of, otherwise give any other contracting party the right
to terminate, or constitute (or with notice or lapse of time or both constitute)
a default under, any contract or other agreement to which the Company is a party
or by or to which it or any of its assets or properties may be bound or
subject;

       

      (ii) violate
any order, judgment, injunction, award or decree of any court, arbitrator or
governmental or regulatory body against, or binding upon, the Company, or upon
the properties or business of the Company; or

       

      
        
          
            
 

          

           

        

        
          - 2
-

          
            

          

        

        
           

        

      

      

       

      (iii) violate
any statute, law or regulation of any jurisdiction applicable to the
transactions contemplated herein which could have a materially adverse effect on
the business or operations of the Company.

       

      f. Authority to Execute and
Perform Agreements.  The Company has the full legal right and
power and all authority and approval required to enter into, execute and deliver
this Agreement and to perform fully its obligations hereunder.  This
Agreement has been duly executed and delivered and is the valid and binding
obligation of, enforceable in accordance with its terms, except as may be
limited by bankruptcy, moratorium, insolvency or other similar laws generally
affecting the enforcement of creditors' rights.  The execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby and the performance by this Agreement, in accordance with its respective
terms and conditions will not:

      

      (i) require
the approval or consent of any governmental or regulatory body, the shareholder
of the Company, or the approval or consent of any other person;

       

      (ii) conflict
with or result in any breach or violation of any of the terms and conditions of,
or constitute (or with any notice or lapse of time or both would constitute) a
default under, any order, judgment or decree applicable to the Company, or any
instrument, contract or other agreement to which  is a party or by or
to which  is bound or subject; or

       

      (iii) result in
the creation of any lien or other encumbrance on the assets or properties of the
Company.

       

      g. Full
Disclosure.  No representation or warranty by the Company in
this Agreement or in any document or schedule to be delivered by them pursuant
hereto, and no written statement, certificate or instrument furnished or to be
furnished to the Company pursuant hereto or in connection with the negotiation,
execution or performance of this Agreement, contains or will contain any untrue
statement of a material fact or omits or will omit to state any fact necessary
to make any statement herein or therein not materially misleading or necessary
to a complete and correct presentation of all material aspects of the business
of the Company.

      

      4. REPRESENTATIONS AND
WARRANTIES OF BUYERS

      

      The
Buyers hereby represent and warrant to the Company as follows:

      

      a. Authorization. The
Buyers have the requisite power and authority to enter into and perform this
Agreement and to purchase the Shares. This Agreement has been duly authorized,
executed and delivered by the Buyers and constitutes, or shall constitute when
executed and delivered, a valid and binding obligation of the Buyers enforceable
against the Buyers in accordance with the terms thereof.

       

      
        
          
            
 

          

           

        

        
          - 3
-

          
            

          

        

        
           

        

      

      

       

      b. No Conflicts. The
execution, delivery and performance of this Agreement and the consummation by
the Buyers of the transactions contemplated hereby or relating hereto do not and
will not conflict with, or constitute a default (or an event which with notice
or lapse of time or both would become a default) under, or give to others any
rights of termination, amendment, acceleration or cancellation of any agreement,
indenture or instrument or obligation to which the Buyers is a party or by which
its properties or assets are bound, or result in a violation of any law, rule,
or regulation, or any order, judgment or decree of any court or governmental
agency applicable to such Buyers or its properties (except for such conflicts,
defaults and violations as would not, individually or in the aggregate, have a
material adverse effect on the Buyers). The Buyers is not required to obtain any
consent, authorization or order of, or make any filing or registration with, any
court or governmental agency in order for it to execute, deliver or perform any
of its obligations under this Agreement or to purchase the Shares in accordance
with the terms hereof, provided that for purposes of the representation made in
this sentence, the Buyers is assuming and relying upon the accuracy of the
relevant representations and agreements of the Company herein.

       

      c. Information on
Buyers. The Buyers (i) are, and will be on the date of the Exchange, an
“accredited investor”, as such term is defined in Regulation D promulgated by
the Commission under the 1933 Act, (ii) is experienced in investments and
business matters, (iii) have made investments of a speculative nature and has
purchased securities of United States publicly-owned companies in private
placements in the past and, (iv) alone or with their representatives, have such
knowledge and experience in financial, tax and other business matters as to
enable the Buyers to utilize the information made available by the Company to
evaluate the merits and risks of and to make an informed investment decision
with respect to the proposed purchase, which represents a speculative
investment. The Buyers are able to bear the risk of such investment for an
indefinite period and to afford a complete loss thereof. The information set
forth on the signature page hereto regarding the Buyers is
accurate.

       

      d. Purchase of Shares.
On the Exchange Date, the Buyers will purchase the Shares as principal for their
own account for investment only and not with a view toward, or for resale in
connection with, the public sale or any distribution thereof, but Buyers do not
agree to hold the Shares for any minimum amount of time.

       

      e. Compliance with Securities
Act. The Buyers understand and agree that the Shares have not been
registered under the 1933 Act or any applicable state securities laws, by reason
of their issuance in a transaction that does not require registration under the
1933 Act (based in part on the accuracy of the representations and warranties of
Buyers contained herein), and that such Shares must be held indefinitely unless
a subsequent disposition is registered under the 1933 Act or any applicable
state securities laws or is exempt from such registration.

       

      Notwithstanding
anything to the contrary contained in this Agreement, such Buyers may transfer
(without restriction and without the need for an opinion of counsel) the Shares
to its Affiliates (as defined below) provided that each such Affiliate is an
“accredited investor” under Regulation D and such Affiliate agrees to be bound
by the terms and conditions of this Agreement. For the purposes of this
Agreement, an “Affiliate” of any person or entity means any other person or
entity directly or indirectly controlling, controlled by or under direct or
indirect common control with such person or entity. Affiliate when employed in
connection with the Company includes each Subsidiary (as defined in Section 5(a)
of this Agreement) of the Company. For purposes of this definition, “control”
means the power to direct the management and policies of such person or firm,
directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise.

       

      
        
          
            
 

          

           

        

        
          - 4
-

          
            

          

        

        
           

        

      

      

       

      f. Legends on Shares.
The Shares shall bear the following or similar legend:

       

      “THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED. THESE SHARES MAY NOT BE SOLD, OFFERED FOR
SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT UNDER SUCH SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAW OR
AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO SUNWIN INTERNATIONAL
NEUTRACEUTICALS, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.”

       

      g. Communication of
Offer. The offer to sell the Shares was directly communicated to the
Buyers by the Company. At no time was the Buyers presented with or solicited by
any leaflet, newspaper or magazine article, radio or television advertisement,
or any other form of general advertising or solicited or invited to attend a
promotional meeting otherwise than in connection and concurrently with such
communicated offer.

       

      h. Authority;
Enforceability. This Agreement and other agreements delivered together
with this Agreement or in connection herewith have been duly authorized,
executed and delivered by the Buyers and are valid and binding agreements
enforceable in accordance with their terms, subject to bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights generally and to
general principles of equity.

       

      i. No Governmental
Review. The Buyers understands that no United States federal or state
agency or any other governmental or state agency has passed on or made
recommendations or endorsement of the Shares or the suitability of the
investment in the Shares nor have such authorities passed upon or endorsed the
merits of the offering of the Shares.

       

      j. Survival. The
foregoing representations and warranties shall survive until three years after
the Exchange.

       

      5. MUTUAL COVENANTS OF ALL
PARTIES

      

      a. Corporate Examinations and
Investigations.  Prior to the Exchange, the parties acknowledge
that they have been entitled, through their employees and representatives, to
make such investigation of the assets, properties, business and operations,
books, records and financial condition of the other as they each may reasonably
require.  No investigation by a party hereto shall, however, diminish
or waive in any way any of the representations, warranties, covenants or
agreements of the other party under this Agreement.

      

      b. Expenses.  Each
party hereto agrees to pay its own costs and expenses incurred in negotiating
this Agreement and consummating the transactions described herein.

      

      c. Further
Assurances.  The parties shall execute such documents and other
papers and take such further actions as may be reasonably required or desirable
to carry out the provisions hereof and the transactions contemplated
hereby.  Each such party shall use its best efforts to fulfill or
obtain the fulfillment of the conditions to the satisfaction of each party to
conduct the execution of this Agreement on or before the Exchange including,
without limitation, the execution and delivery of any documents or other papers,
the execution and delivery of which are necessary or appropriate to the
Exchange.

      
        
          
            
 

          

           

        

        
          - 5
-

          
            

          

        

        
           

        

      

      

      6. INDEMNIFICATION

      

      a. Obligation of the Company to
Indemnify.  Subject to the limitations on the survival of
representations and warranties contained in Section 3, the Company hereby agrees
to indemnify, defend and hold harmless the Buyers from and against any losses,
liabilities, damages, deficiencies, costs or expenses (including interest,
penalties and reasonable attorneys' fees and disbursements (a "Loss") based
upon, arising out of or otherwise due to any inaccuracy in or any breach of any
representation, warranty, covenant or agreement of the Company contained in this
Agreement or in any document or other writing delivered pursuant to this
Agreement.

      

      b. Obligation of Buyers to
Indemnify.  Subject to the limitations on the survival of
representations and warranties contained in Section 4, the Buyers hereby agree
to indemnify, defend and hold harmless the Company from and against any losses,
liabilities, damages, deficiencies, costs or expenses (including interest,
penalties and reasonable attorneys' fees and disbursements (a "Loss") based
upon, arising out of or otherwise due to any inaccuracy in or any breach of any
representation, warranty, covenant or agreement of  contained in this
Agreement or in any document or other writing delivered pursuant to this
Agreement.

      

      7. MISCELLANEOUS

      

      a. Waivers.  The
waiver of a breach of this Agreement or the failure of any party hereto to
exercise any right under this Agreement shall in no event constitute a waiver as
to any future breach whether similar or dissimilar in nature or as to the
exercise of any further right under this Agreement.

      

      b. Amendment.  This
Agreement may be amended or modified only by an instrument of equal formality
signed by the parties or the duly authorized representatives of the respective
parties.

      

      c. Assignment.  This
Agreement is not assignable except by operation of law.

      

      d. Notices.  Until
otherwise specified in writing, the mailing addresses of both parties of this
Agreement shall be as follows:

      

      
        	
                The
      Company:

                 

                Sunwin
      International Neutraceuticals, Inc.

                6
      Shengwang Ave.

                Qufu,
      Shandong, China 273100

                 

              	
                Buyers:

                  

                  6 Shengwang
      Ave.Qufu,
      Shandong, China 273100  

                 

                 

                 

              

      

      Any
notice, request, information or other document to be given hereunder to any of
the parties by any other party shall be in writing and shall be either hand
delivered, delivered by facsimile, mailed by overnight delivery service or by
registered or certified mail (postage prepaid), return receipt requested, at the
address indicated above or at such other address that shall have been furnished
in writing to the addressor.

      

      e. Governing
Law.  This Agreement shall be construed, and the legal
relations between the parties determined, in accordance with the laws of the
state of Nevada, thereby precluding any choice of law rules which may direct the
application of the laws of any other jurisdiction.

      
        
          
            
 

          

           

        

        
          - 6
-

          
            

          

        

        
           

        

      

      

      f. Entire
Agreement.  This Agreement executed in connection with the
consummation of the transactions contemplated herein comprises the entire
agreement among the parties with respect to the acquisition of the Shares and
supersedes all prior agreements, written or oral, with respect
thereto.

      

      g. Headings.  The
headings in this Agreement are for reference purposes only and shall not in any
way affect the meaning or interpretation of this Agreement.

      

      h. Severability of
Provisions.  The invalidity or unenforceability of any term,
phrase, clause, paragraph, restriction, covenant, agreement or other provision
of this Agreement shall in no way affect the validity or enforcement of any
other provision or any part thereof.

      

      i. Counterparts.  This
Agreement may be executed in any number of counterparts, each of which when so
executed, shall constitute an original copy hereof, but all of which together
shall consider but one and the same document.

      

      
        
          
            
 

          

           

        

        
          - 7
-

          
            

          

        

        
           

        

      

      

      IN
WITNESS WHEREOF, the parties have executed this Agreement on the date first
above written.

      

         

        
          
            	
                    Sunwin
      International Neutraceuticals, Inc.

                     

                    /s/ Dongdong Lin, Chief Executive
      Officer

                    Dongdong
      Lin, Chief Executive Officer

                     

                     

                     

                  

          

        

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  	
                                                          Shareholder
      Name

                                                        	 
      	
                                                          Ownership
      %

                                                        
	
                                                           

                                                           

                                                          /s/ Lingrong Kong

                                                          Lingrong
      Kong

                                                        	 
      	
                                                           

                                                           

                                                          20%

                                                        
	
                                                           

                                                           

                                                          /s/ Qianfu Yan

                                                          Qianfu
      Yan

                                                        	 
      	
                                                           

                                                           

                                                          20%

                                                        
	
                                                           

                                                           

                                                          /s/ Yuqing Jia

                                                          Yuqing
      Jia

                                                        	 
      	
                                                           

                                                           

                                                          20%

                                                        
	
                                                           

                                                           

                                                          /s/
      Chang’e
      Liu

                                                          Chang’e
      Liu

                                                        	 
      	
                                                           

                                                           

                                                          16%

                                                        
	
                                                           

                                                           

                                                          /s/
      Wenyang
      Li

                                                          Wenyang
      Li

                                                        	 
      	
                                                           

                                                           

                                                          8%

                                                        
	
                                                           

                                                           

                                                          /s/
      Xiangsheng
      Kong

                                                          Xiangsheng
      Kong

                                                        	 
      	
                                                           

                                                           

                                                          8%

                                                        
	
                                                           

                                                           

                                                          /s/ Xiangzhu Kong

                                                          Xiangzhu
      Kong

                                                        	 
      	
                                                           

                                                           

                                                          8%

                                                        

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

        

      
        
          
            
 

          

           

        

        
          - 8
-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]