Document:

Exhibit 10.1 

 

Equity Transfer Agreement of Baoqing
County Lvxin Paddy Rice

 

Plant Specialized Cooperative

 

Whereas: 

Before signing this
equity transfer agreement, Party A has performed its obligation to give written notification to other shareholders of the transfer
pursuant to the Company Law of the People’s Republic of China, and other laws and regulations, and bylaws of the Company
(hereinafter referred to as this company), and the transfer conforms to the conditions for transferring equity to person other
than the shareholders. Now, pursuant to the Company Law of the People’s Republic of China, and other laws and regulations,
and bylaws of the Company, by the principle of fairness, mutual benefit and good faith, the parties enter into this equity transfer
agreement through friendly negotiation for mutual compliance.

 

Party A (Transferor): All members of Baoqing
County Lvxin Paddy Rice Plant Specialized Cooperative (Details see the Annex)

Residence: Harbin City, Heilongjiang Province 

Party B (Transferee): Hao Shuping

Residence: Harbin City, Heilongjiang Province

 

Article 1 Transfer of equity 

1. Party A transfers
51% of the equity of the Company in its possession to Party B;

2. Party B agrees to
accept the aforesaid transferred equity;

3.The price determined
by the parties for the transfer is RMB 3,044,379, including RMB2,029,586 paid in cash and 152,736 shares (1
USD/share, exchange rate: 6.6441) of Party B’s shareholding company listed overseas (this company is the ultimate controlling shareholder
of Party A) which is equivalent to RMB1,014,793;

4. Party A guarantees
that it has complete and effective right to dispose of the equity to be transferred to Party B and that such equity is not pledged
and free from claim of any third person, and doesn’t involve in any dispute and lawsuit. Otherwise, Party A shall bear all economic
and legal liabilities incurred by that.

5. Party A has contributed
0 Yuan for the equity transferred to Party B, and left 6.25 million Yuan unpaid. After the transfer, the parties shall perform
the obligation for the contribution of the unpaid part according to the proportion of shares held by them.

6. After completion
of this transfer, Party B shall become the shareholder of this company, enjoy corresponding shareholder’s rights and undertake
obligations; Party A shall no long enjoy the shareholder’s rights and undertake obligations of corresponding given-up shares. Party
A shall continue to perform the bounden duties and obligations as members of the cooperative, obey the management of the cooperative
according to its bylaws and management measures. The cooperative shall be responsible for coordinating the members to hand in the
income, report the cost and expenses according to the cooperative’s management measures, and supervising the members to keep detailed
accounts and timely submit relevant documents to the cooperative.

After this Agreement
takes effect, Party B shall share the profit and bear corresponding risks and losses (including the claims and debts of such shares
before the transfer) according to the proportion of the shares received.

 

    	 

     

    

 

If Party B suffers any
loss after being a shareholder of this Company because when signing this Agreement, Party A doesn’t tell Party B the truth about
debt borne by the Company before the transfer, Party B has right to claim for compensation from Party A.

7.       Since
the alteration procedure can only be handled after the end of the fiscal year, in order to avoid adverse influence to the Company’s
operation due to too long waiting period, the parties agree that, this Agreement will come into effect on the day of signing. Upon
the Agreement takes effect, Party B may exercise the rights of the shares and bear corresponding obligations, and formally get
all the major powers as a controlling shareholder to decide the company’s operation and development, such as the decision-making
power, the power of personnel appointment and removal, etc.

8. When the alteration
procedure can be handled, Party A shall give necessary help and cooperate with the Company and Party B when they handle relevant
approval, change of registration and other legal procedures.

 

Article 2 Payment for the transfer

The cash consideration
shall be paid by Party B to Party A in cash or through bank transfer within 5 years as of the day the equity transfer is accomplished;
as to the part to be paid by stock, the stock described in Clause 3 of Article 1 herein shall be transferred within 5 years as
of the day the equity transfer is accomplished.

For the convenience
of settlement, payment of consideration stocks involved in this Agreement shall be made to the previous representative of the shareholders,
Lou Zhengui, and settled between Lou Zhengui and the equity transferor (including Lou Zhengui as the transferor).

 

Article 3 Liability for breach of contract

1.       After
formal signing of this Agreement, either party who doesn’t perform all or part of the provisions of this Agreement shall be deemed
as breach of contract. The default party shall compensate for losses caused to the observant party for the nonperformance.

2.       When
either party has any breach of contract, the observant party shall be entitled to require the default party to continue to perform
the agreement.

 

Article 4 Applicable laws and settlement
of disputes

1.       The
laws of the People’s Republic of China are applicable to this Agreement.

2.       Any
dispute arising from performance of this Agreement shall be settled by the parties through friendly negotiation. If no agreement
can be reached, a lawsuit can be filed to the local people’s court.

 

Article 5 Alteration or termination
of this Agreement

If one of the following
circumstances occurs, this Agreement can be altered or terminated. The alteration or termination signed by the parties shall be
reported to the previous registration authority and take effect after gaining approval:

1.       Event
of force majeure result in that this Agreement cannot be performed;

2.       The
situation has changed and the parties agree with that after negotiation.

 

    	 

     

    

 

Article 6 Bearing of relevant fees

During the transfer,
fees incurred relating to it (such as fees for industrial and commercial registration of changes) shall be borne by Party B.

 

Article 7 Entry-into-force of this
Agreement and others

1. This Agreement shall
come into force after being signed and sealed by both parties.

2. After the Agreement
is signed by the parties, the parties shall, within the time limit specified by laws, timely handle the procedures for industrial
and commercial registration of changes with the industry and commerce administration authorities.

3. This agreement is
made in quadruplicate, with each party holding one piece, one piece filed by the company and one piece submitted to relevant departments.

 

	Party A (Signature or seal):	Party B (Signature
or seal):
	 	 
		 
	 	 
	(Seal: Baoqing County Lvxin Paddy Rice
Plant Specialized Cooperative)	 
	 	 
	Date of signing: March 31, 2017	Date of
signing: March 31, 2017

   

    	 

     

    

 

Annex: Name list of members of the cooperative
and details of the equity transfer

	Name	Amount of contribution before the transfer (RMB)	Proportion of shareholding before the transfer	Contribution for the transfer (51%) 	Cash consideration 	
        Consideration stocks (shares)

         
	Consideration of the stocks (converted to RMB)	Total consideration (RMB)	Amount of contribution after the transfer (RMB)	Shareholding proportion after the transfer
	Lou Zhengui	479,080	7.66%	244,331	155,373	11,709	77,785	233,358	234,749	3.75%
	Ma Yanlong	583,170	9.33%	297,417	189,375	14,251	94,688	284,063	285,753	4.56%
	Lou Yuquan	660,220	10.56%	336,712	214,396	16,134	107,199	321,595	323,508	5.17%
	Li Changfu	262,876	4.21%	134,067	85,365	6,424	42,.682	128,047	128,809	2.06%
	Wang Yifu	409,396	6.55%	208,792	132,945	10,035	66,471	199,416	200,604	3.21%
	Wang Honggang	396,123	6.34%	202,023	128,635	9,680	64,318	192,953	194,100	3.11%
	Wang Jiafa	549,161	8.79%	280,072	178,331	13,420	89,167	267,498	269,089	4.31%
	Guo Chunpeng	261,216	4.18%	133,220	84,826	6,384	42,413	127,239	127,996	2.05%
	Xu Guangcheng	330,533	5.29%	158,572	107,335	8,077	53,668	161,003	161,961	2.59%
	Wang Qingliang	668,133	10.69%	340,748	216,965	16,328	108,482	325,447	327,385	5.24%
	Xing Baoyu	416,937	6.67%	212,638	135,394	10.189	67,897	203,091	204,299	3.27%
	Hao Jinyu	372,463	5.96%	189,956	120,951	9,102	60,475	181,426	182,507	2.92%
	Ma Lanlin	275,106	4.40%	140,304	89,336	6,723	44,668	134,004	134,802	2.16%
	Xing Baogang	241,759	3.87%	123,297	78,507	5,908	39,253	117,760	118,462	1.90%
	Li Naike	343,827	5.50%	175,352	111,652	8,402	55,827	167,479	168,475	2.70%
	Hao Shuping	 	 	 	 	 	 	 	
        3,187,501

        (Negotiated price:3,044,379)

        
	51.00%
	Total	6,250,000	100.00%	3,187,501	2,029,588	152,736	1,014,793	3,044,379	6,250,000	100.00%

  

Note: Except the unit of consideration
stocks of the transfer is share, the units of other data are all RMB: Yuan. Price of each consideration share is USD1. The exchange
rate shall be 6.6441.Exhibit 10.2

 

Supplementary Agreement on the Irrevocable

 

Clauses of the Equity Transfer Agreement

 

	 	Party
    A:	 	 	 	 
	No. 	Name	Nationality	Certificate Type	Certificate No.	Company’s shares held
	 	 	 	 	 	 
	1	LOU Zhengui	China	ID Card	230827196203172333	7.66%
	2	MA Yanlong	China	ID Card	230827196410082330	9.33%
	3	LOU Yuquan	China	ID Card	230827196806272317	10.56%
	4	LI Changfu	China	ID Card	230827197405192310	4.21%
	5	WANG Yifu	China	ID Card	230827196911072317	6.55%
	6	WANG Honggang	China	ID Card	230827197810172313	6.34%
	7	HAO Jinyu	China	ID Card	230523198212102318	5.96%
	8	XING Baoyu	China	ID Card	230827196709292332	6.67%
	9	WANG Qingliang	China	ID Card	230523198607162331	10.69%
	10	XU Guangchen	China	ID Card	230827197212101814	5.29%
	11	GUO Chunming	China	ID Card	230523198109162312	4.18%
	12	WANG Jiafa	China	ID Card	230523198003132318	8.79%
	13	MA Lanlin	China	ID Card	230523198306131216	4.40%
	14	XING Baogang	China	ID Card	230523198202142316	3.87%
	15	LI Naike	China	ID Card	230827197909202316	5.50%

 

Party B:

HAO Shuping, Chinese citizen, ID Card No.: 230107195803082018

 

Whereas, 

Baoqing County Lvxin Specialized Cooperative for
Rice Planting (“Lvxin”) is an enterprise which is established in China and survives effectively according to the law
of China. It business license is numbered as 93230523588124513U, and its registered address is 1-507-1, Chaoyang Village, Chaoyang
Township, Baoqing County, Shuangyashan City, Heilongjiang Province. 

		1.	Party A includes Lvxin and all shareholders holding the shares issued by Lvxin. In this Agreement,
Lvxin and its 15 members form one party to the Agreement.

		2.	The 15 members of Party A and Party B Hao Shuping have signed an Equity Transfer Agreement to transfer
the total 51% shares held by them in Lvxin to Party B.

 

    	 

     

    

 

In order to make clear the rights and interests
in the Company’s equity transfer, the Parties hereby stipulate the enterprise management rights and obligations, shareholders’
voting right, payment of equity transfer price, and other matters after signing of the Agreement as follows:

 

Part One  Enterprise
Management

 

1 Management Rights

		1.1	Party A agrees Party B to manage Lvxing according to
the clauses of the Agreement, and Party B agrees to manage Lvxin according to the clauses of the Agreement.

		1.2	Party B shall be solely responsible for the management
of Lvxin, including but not limited to the following management:

		1)	Party B shall be solely responsible for the operation
of Lvxin, including appointing and dismissing the members of the board of directors, employing management personnel, etc. Party
B may make resolutions at the meeting of shareholders’ conference and the meeting of the board of directors according to
his controlling rights.

		2)	Party B shall have the right to manage and control all
the assets of Lvxin.

The Operating Account (Regulatory Account) of
Lvxin shall be established under the supervision of Party B. All revenue and expenditure businesses must be handled through this
account directly or indirectly, and this account shall be supervised by Party B or the unit or individual specified by Party B.
All the payments for goods sold of Lvxin shall be directly remitted by customers to the Regulatory Account; if it is unavailable
to remit the payments directly, the payments for goods shall be transferred to the Regulatory Account by means of account transfer
or cash deposit; all expenditures shall also be spent through this account, and the expenditure shall be examined and approved
by the financial supervisor specified by Party B. The process of revenue and expenditure is as shown in the attached figure. 

		3)	Party B shall have full authority to control and manage
the financial matters and daily operation of Lvxin. Party B or Party B’s authorized personnel shall appoint (or employ)
all financial personnel, and Party B shall dominate the making of relevant systems and management measures. The businesses related
to fee collection and payment shall be executed as per the examination and approval system. The process is as shown in the attached
figure.

		4)	Party B shall have the right to manage and control the
sales and production activities of Lvxin, and to make and promote relevant production and sales strategies and schemes.

In order to optimize the
product sales of Lvxin, Party B will establish a sales company, control and adjust the product sales of Lvxin through the sales
company, and raise the value added of products. Lvxin shall preferentially supply its goods to the sales company. Party B shall
have the right to determine the customers of Lvxin, and have the priority to dispose all the products of Lvxin.

		5)	If Lvxin needs extra funds to maintain the Company’s
operation, Party B shall provide such extra funds through bank loan or other ways, and meanwhile, Party A shall provide necessary
assistance.

		1.3	Party B shall undertake all operating risks and losses
of Lvxin in proportion to his stock equity. If Lvxin lacks sufficient funds to repay the debts in arrear, Party B shall discharge
the debts on behalf of Lvxin. If the net assets of Lvxin are lower than its paid-in capital, Party B shall make up the deficit.

 

2 Rights and Obligations of the Parties 

2.1 According to the clauses hereof, the rights
and obligations of Party A are as shown below: 

		1)	The right to manage Lvxin shall be transferred to Party
B, so shall all the operation materials, including the business license and articles of incorporation of Lvxin.

		2)	Without the prior consent of Party B, Party A shall have
no right to make any decision on the operation of Lvxin.

 

    	 

     

    

 

		3)	Party A shall have the right to get familiar with and
bring forward suggestions on the operation of Lvxin.

		4)	Party A shall assist Party B to carry out management
according to Party B’s requirements.

		5)	Party A shall not use its shareholder status to intervene
in Party B’s management on Lvxin in any form.

		6)	Without Party B’s prior consent, Party A shall
not transfer its shares held in Lvxin to any third party other than Party B.

		7)	Party A shall not unilaterally terminate the Agreement
by any reason, or

		8)	Party A shall have the other rights and implement the
other obligations regulated herein.

		2.2	According to the clauses hereof, the rights and obligations
of Party B include:

		1)	Party B has the independent and full right to manage
Lvxin..

		2)	Party B has the right to dispose all assets of Lvxin.

		3)	Party B has the right to share the profits of Lvxin and
undertake the losses of Lvxin in proportion to the equity held by it.

		4)	Party B has the right to dispatch all directors (or executive
director) of Lvxin.

		5)	Party B has the right to dispatch the general manager,
deputy general manager, financial manager, and other senior executives of Lvxin.

		6)	Party B has the right to hold the meeting of shareholders’
conference of Lvxin, and sign the resolutions made by shareholders; and

		7)	Party B has the other rights and implements the other
obligations regulated herein.

 

Part Two  Voting of
Shareholders

 

		1.	After the Agreement comes into force (including the period of time when the formalities for alteration
are not completed), Party A shall irrevocably agree Party B or the personnel appointed by Party B to exercise its shareholder’s
voting right regulated in laws and Lvxin’s articles of incorporation at the meeting of shareholders’ conference of
Lvxin, including but not limited to: the right to sell or transfer all or part of shareholder’s rights and interests corresponding
to the stock equity obtained by Party B after transaction, appoint and elect directors and chairman (or executive director) as
the authorized legal representative of Lvxin.

		2.	Each party to the Agreement understands that, no matter what changes occur to the shareholders’
rights and interests of Lvxin, Party A shall specify and appoint Party B or the personnel dispatched by Party B to exercise shareholder’s
voting right. Each party to the Agreement agrees that, without the prior consent of Party B, Party A shall not transfer its shareholder’s
rights and interests in Lvxin to any other individual or company except for Party B, or the individuals or enterprises specified
by Party B.

 

Part Three  Stock Equity,
Transfer, Consideration, Payment, and Commitment 

 

As concerning the transfer consideration of stock
equity, Party B shall make the following commitment:

1 Commitment on the cash payment part

The payment to make in cash is RMB2,029,586 ,
and the details of payment shall be executed as follows:

First installment: RMB405,917
shall be paid before Dec. 31, 2018;

 

    	 

     

    

 

Second installment: RMB405,917
shall be paid from Jan. 1, 2019 to Dec. 31, 2019;

Third installment: RMB405,917
shall be paid from Jan. 1, 2020 to Dec. 31, 2020;

Fourth installment: RMB405,917
shall be paid from Jan. 1, 2021 to Dec. 31, 2021;

Fifth installment: RMB405,918
shall be paid from Jan. 1, 2022 to Dec. 31, 2022.

 

2 Commitment on the stock payment part

If the foreign parent company intending to go listed
is listed and registered, the Company’s shares shall be issued to each person of Party A, as shown below:

	Name	Stock Consideration (Number of Shares)
	LOU Zhengui	11,709
	MA Yanlong	14,251
	LOU Yuquan	16,134
	LI Changfu	6,424
	WANG Yifu	10,005
	WANG Honggang	9,680
	WANG Jiafa	13,420
	GUO Chunpeng	6,384
	XU Guangchen	8,077
	WANG Qingliang	16,328
	XING Baoyu	10,189
	HAO Jinning	9,102
	MA Lanlin	6,723
	XING Baogang	5,908
	LI Naike	8,402
	Total	152,736

 

The commitment is irrevocable and non-changeable,
and shall be surely realized unconditionally. It shall not conflict with Party B’s other relevant commitments, shall be independently
executed without being affected by the change of shareholders, and shall come into force after being signed by Party B.

 

Part Four  Other Clauses

 

		1.	Validity

The Agreement shall come into force
after being signed and affixed seals by the authorized representatives of the Parties. After the Agreement takes effect, the above
clauses shall be irrevocable, and the Parties hereto shall take the implementation of the Contract as the first important task,
and shall not breach the Contract or delay the implementation of the Contract, unless for reason of force majeure. 

		2.	Liability for Breach of Contract

During the period of the Agreement,
either party breaching any clause hereof shall be deemed to breach the Contract, and the breaching party shall assume the non-breaching
party’s losses arising from the breach of contract.

		3.	Force Majeure

Where either party fails to implement
the Contract or partial clauses hereof for reason of force majeure, this party shall not be deemed to breach the Contract. The
affected party shall collect the evidence of force majeure at the first moment, and the consequence arising from that the Contract
is not implemented for reason of force majeure shall be solved by the Parties hereto through negotiation.

 

    	 

     

    

 

		4.	Applicable Law

The concluding, validity, understanding
and implementation of the Agreement, and the settlement of disputes shall be applicable to relevant laws and rules of the People’s
Republic of China. 

		5.	Settlement of Disputes

Any disputes arising from the Agreement
shall be firstly solved through friendly negotiation. Where negotiation fails, either party shall have the right to submit the
disputes to the arbitration organization. The award of arbitration shall be final, and shall have sanctions on the Parties. 

		6.	Confidentiality Clauses

		6.1	Where there is no legal requirement of the authorities
or governmental departments, or without the consent of the other party hereto, the Parties hereto shall order the employees or
representatives having the right to contact and understand the clauses hereof to keep secret strictly, and not to disclose any
clauses to any third party, or this party or its personnel shall undertake corresponding legal liabilities.

		6.2	The confidentiality obligations in Article 1 shall not
be terminated along with the termination of the Agreement.

 

		7.	Severability Clauses

		7.1	Where any clause hereof is invalid or non-enforceable
for reason of laws and regulations, this clause shall be invalid, but the validity of the other clauses shall not be affected.

		7.2	Under the circumstances of the previous paragraph, the
Parties hereto shall try to prepare supplementary agreement to replace the invalid clause through friendly negotiation as soon
as possible.

		8.	Non-waiver Clauses

		8.1	Either party’s error or delay in exercising its
rights according to the provisions hereof shall not constitute the waiver-up of the rights.

		8.2	Where either party requests the other party to implement
its obligations hereunder for reason of its error in the implementation of the Agreement, the said party shall not be deemed as
that it waives up the right to require the other party to implement these obligations in future.

		8.3	Where either party does not implement some clauses hereto
by taking the other party as excuse, such excuse shall not be deemed as the excuse for the other party not to implement the same
clauses in future.

		9.	Non-transferable Clauses

Unless otherwise specified herein,
without the prior written consent of the other party, neither party shall distribute any right and obligation herein to any third
party, and shall not provide guarantee or do similar behaviors for the third party. 

		10.	The attachments hereto are two system process charts, which are integral parts of the whole agreement,
and have the same sanctions as the clauses hereof on the Parties hereto.

		11.	Miscellaneous

		11.1	Any revision hereof reached by the Parties hereto after
the Agreement takes effect shall become integral part hereof, and shall have the same legal force. Where the revision is inconsistent
with the Agreement, the revision shall prevail. In condition of several revisions, the revision of the latest date shall prevail.

 

    	 

     

    

 

		11.2	The Agreement is made in 4 originals, with one original
held by the Parties hereto respectively, and the remained originals used for governmental registration or other necessary approval.

		11.3	The Agreement shall be implemented after being signed
by the Parties hereto.

 

Party A:                                              Party B:

Date of Signing: Mar. 31,
2017

Attached Figures

I: Payment and Reimbursement
Process Chart

 

 

 

    	 

     

    

 

II. Sales and Remittance
Business Process Chart

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