Document:

f8k032910ex10iv_exp4.htm

    EXHIBIT
10.4

     

     

    
      EARN-IN
AGREEMENT

       

      This Earn-in Agreement (this “Agreement”) is made and
entered into as of February 10, 2010 (the “Effective Day”), between
_______ (the “Purchaser”) and Song Liqiang,
a resident of the United States (the “Seller”).  Purchaser
and Seller are also referred to herein together as the “Parties” and individually as a
“Party”.

       

      RECITALS

       

      WHEREAS, pursuant to a Share
Exchange Agreement by and among Expedite 4, Inc., a Delaware company (the “Shell Company”), Southern
China Livestock International, Inc (“Southern China Livestock”), a
Nevada company (the “Company”) and the Seller as
the majority shareholder of the Company, the Shell Company is expected to
acquire 100%
of the issued and outstanding capital stock of Company (the “Exchange
Agreement”);

       

      WHEREAS, Purchaser has agreed
with Seller, as an inducement to the Purchaser in continuing to provide services
to Beijing Huaxin Tianying Livestock Technology Co., Ltd (“Beijing Huaxin”), a PRC
company that is a wholly owned subsidiary of the Company, to enter into this
Agreement;

      

      WHEREAS, Seller is the holder
of 9,000,000 shares of the Company’s common stock;

       

      WHEREAS, upon the consummation
of the Exchange Agreement, Seller will be issued and hold shares of common stock
of the Shell Company (the “Common Stock”), $0.001 par
value per share;

       

      WHEREAS, Seller desires to grant
to Purchaser an option to acquire ____% of the shares of Common Stock to be
issued to him pursuant to the Exchange Agreement (for purposes of this
Agreement, including the Call Right described herein, the “Seller’s Shares”) pursuant to
the terms and conditions set forth herein;

       

      NOW, THEREFORE, the Parties, in
consideration of the foregoing premises and the terms, covenants and conditions
set forth below, and other good and valuable consideration, receipt of which is
acknowledged, hereby agree as follows:

       

      AGREEMENT

       

      
        	
                1.  

              	
                DEFINITIONS;
      INTERPRETATION

              

      

       

      
        	
                1.1.  

              	
                Terms
      Defined in this agreement.  The following terms when used in
      this agreement shall have the following
  definitions:

              

      

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      “Bankruptcy Law” means any Law
of any jurisdiction relating to bankruptcy, insolvency, corporate
reorganization, company arrangement, civil rehabilitation, special liquidation,
moratorium, readjustment of debt, appointment of a conservator, trustee or
receiver, or similar debtor relief.

       

      “Business Day” means any day on
which commercial banks are required to be open in the United
States.

       

      “Call Price” means, with
respect to any exercise of the Call Right, par value or $[●] per share of
the Seller’s Shares subject to any Call Exercise Notice.

       

      “Conditions” means Conditions 1
through 3, as defined below, in the aggregate.

       

      “Condition 1” means: the entry
by Xu Dengfu and Beijing Huaxin or the Shell Company into a binding employment
agreement for a term of not less than 3 years.

       

      “Condition 2” means: the registration statement for the
financing being declared effective by the SEC

       

      “Condition 3” means: the Company's US GAAP audited net
income reaching $6 million for the fiscal year 2010.

       

      “Government Authority” means
any: (a) nation, principality, state, commonwealth, province, territory,
country, municipality, district or other jurisdiction of any nature; (b)
federal, state, local, municipal, foreign or other government; (c) governmental
or quasi government authority of any nature (including any governmental
division, subdivision, department, agency, bureau, branch, office, commission,
council, board, instrumentality, officer, official, representative,
organization, unit, body or Person and any court or other tribunal); or (d)
individual, Person or body exercising, or entitled to exercise, any executive,
legislative, judicial, administrative, regulatory, police, military or taxing
authority or power of any nature.

       

      “Law” means any federal, state,
local, municipal, foreign or other law, statute, legislation, constitution,
principle of common law, resolution, ordinance, code, order, edict, decree,
proclamation, treaty, convention, rule, regulation, permit, ruling, directive,
pronouncement, requirement (licensing or otherwise), specification,
determination, decision, opinion or interpretation that is, has been or may in
the future be issued, enacted, adopted, passed, approved, promulgated, made,
implemented or otherwise put into effect by or under the authority of any
Government Authority.

       

      “Person” means any individual ,
firm, company, corporation, limited liability company, unincorporated
association, partnership, trust, joint venture, governmental authority or other
entity, and shall include any successor (by merger or otherwise) of such
entity.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      
        	
                1.2.  

              	
                Interpretation.

              

      

       

      
        	
                (a)  

              	
                Certain
      Terms.  The words “hereof”, “herein”, “hereunder” and
      similar words refer to this Agreement as a whole and not to any particular
      provision of this Agreement.  The term “including” is not
      limited and means “including without
  limitation.”

              

      

       

      
        	
                (b)  

              	
                Section References:
      Titles and Subtitles.  Unless otherwise noted, all
      references to Sections herein are to Sections of this
      Agreement.  The titles, captions and headings of this Agreement
      are inserted for convenience of reference only and are not intended to be
      a part of or to affect the meaning or interpretation of this
      Agreement.

              

      

       

      
        	
                (c)  

              	
                Reference to Entities,
      Agreements, Statutes.  Unless otherwise expressly
      provided herein, (i) references to a Person include its successors and
      permitted assigns, (ii) reference to agreements (including this Agreement)
      and other contractual instruments shall be deemed to include all
      subsequent amendments, restatements and other modifications thereto or
      supplement thereof and (iii) references to any statute or regulation are
      to be construed as including all statutory and regulatory provisions
      consolidating, amending, replacing, supplementing or interpreting such
      statute or regulation.

              

      

       

      
        	
                2.  

              	
                CALL
      RIGHT

              

      

       

      
        	
                 2.1  

              	
                Call Right.
      Purchaser shall have, during the Exercise Period (as defined below), and
      when a Condition is met, the right and option to purchase from the Seller,
      and upon the exercise of such right and option the Seller shall have the
      obligation to sell to Purchaser, a portion of the Seller’s Shares
      identified in the Call Exercise Notice (the “Call
      Right”).  Purchaser shall be permitted to purchase, and
      Seller shall be obligated to sell, the following number of Seller’s Shares
      upon the attainment of the following
Conditions:

              

      

       

      
        	
                Condition

              	
                Percentage
      of Seller’s Shares as to which there is a Call Right

              
	 
      	 
      
	
                Condition
      1

              	
                20%

              
	 
      	 
      
	
                Condition
      2

              	
                30%

              
	 
      	 
      
	
                Condition
      3

              	
                50%

              

      

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      
        	
                2.2  

              	
                Call Period.
      The Call Right shall be exercisable by Purchaser, by delivering a Call
      Exercise Notice at any time during the period (the “Exercise Period”)
      commencing on the day that shall be 180 days (the “Initial Exercise Date”)
      subsequent to the date that the Exchange Agreement is consummated
      continuing until the fifth anniversary date from the Initial Exercise Date
      (such date or the earlier expiration of the Call Right is referred to
      herein as the “Expiration
      Date”).

              

      

       

      
        	
                2.3  

              	
                Exercise
      Process. In order to exercise the Call Right during the Exercise
      Period, the Purchaser shall deliver to the Seller, a written notice of
      such exercise substantially in the form attached hereto as Appendix
      A (a “Call
      Exercise Notice”) to such address or facsimile number set forth
      therein. The Call Exercise Notice shall indicate the number of Seller’s
      Shares as to with Purchaser in then exercising its Call Right and the
      aggregate Call Price. Provided the Call Exercise Notice is delivered in
      accordance with Section 6.4 to such Seller on or prior to 6:30 p.m. (New
      York time) on any day or on a date which is not a Business Day, the
      Exercise Date shall be deemed to be the first Business Day after the date
      of such delivery of such Call Exercise Notice. The delivery of a Call
      Exercise Notice in accordance herewith shall constitute a binding
      obligation (a) on the part of such Purchaser to purchase, and (b) on the
      part of the Seller to sell, the Seller’s Shares subject to such Call
      Exercise Notice in accordance with the terms of this
      Agreement.

              

      

       

      
        	
                2.4  

              	
                Call Price. If
      the Call Right is exercised pursuant to this Section 2, as payment for the
      Seller’s Shares being purchased by the Purchaser pursuant to the Call
      Right, such Purchaser shall pay the aggregate Call Price to the Seller
      (but no later than fifteen (15) Business Days of the Exercise
      Date).

              

      

       

      
        	
                2.5  

              	
                Delivery of the
      Shares. Upon the receipt of a Call Exercise Notice, the Seller
      shall deliver, or take all steps necessary to cause to be delivered, the
      Seller’s Shares being purchased pursuant to such Call Exercise
      Notice.

              

      

       

      
        	
                3.  

              	
                ENCUMBRANCES;
      TANSFERS, SET-OFF AND WITHHOLDINGS

              

      

       

      
        	
                3.1  

              	
                Encumbrances.
      Upon exercise of the Call Right, the Seller’s Shares being purchased shall
      be sold, transferred and delivered to the Purchaser free and clear of any
      claim, pledge, charge, lien, preemptive rights, restrictions on transfers
      (except as required by securities laws of the United States), proxies,
      voting agreements and any other encumbrance
  whatsoever.

              

      

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      
        	
                3.2  

              	
                Transfers.
      Prior to the Expiration Date, Seller shall continue to own, free and clear
      of any hypothecation, pledge, mortgage or other encumbrance, except
      pursuant to this Agreement and except in favor of the Collateral Agent (as
      defined below) for the benefit of the Purchaser, such amount of the
      Seller’s Shares as may be required from time to time to in order for the
      Purchaser to exercise its Call Right in
full.

              

      

       

      
        	
                3.3  

              	
                Set-off. The
      Purchaser shall be absolutely entitled to receive all Seller’s Shares
      subject to the exercise of a Call Right, and for the purposes of this
      Agreement, Seller hereby waives, as against the Purchaser, all rights of
      set-off or counterclaim that would or might otherwise be available to the
      Seller.

              

      

       

      
        	
                3.4  

              	
                Escrow of Seller’s
      Shares.

              

      

       

      
        	
                (a)  

              	
                Upon
      execution of this Agreement, Seller shall deliver to Jingtian &
      Gongcheng Attorneys at Law, as Collateral Agent (the “Collateral Agent”),
      certificates representing Seller’s Shares. The certificates representing
      the Seller’s Shares (together with duly executed stock powers in blank)
      shall be held by the Collateral
Agent.

              

      

       

      
        	
                (b)  

              	
                Upon
      receipt of a Call Exercise Notice, the Collateral Agent shall promptly
      deliver the Seller’s Shares being purchased pursuant to such Call Exercise
      Notice in accordance with the instructions set forth therein and in
      accordance with any other Lock-up or Make Good Agreement in place between
      the Purchaser or Seller and other third party. In the event that the
      Collateral Agent shall receive notice from the Parties that the Conditions
      have not been met, the Seller’s Shares shall be distributed in accordance
      with their instructions.

              

      

       

      
        	
                4.  

              	
                REPRESENTATIONS
      AND WARRANTIES

              

      

       

      
        	
                4.1  

              	
                Representations and
      Warranties by Seller. Seller represents and warrants to Purchaser
      that:

              

      

       

      
        	
                (a)  

              	
                Due
      Authorization. The execution and delivery of this Agreement and the
      consummation of the transactions contemplated hereunder to be carried out
      by it have been duly authorized by all necessary action on the part of
      Seller. This Agreement, and all agreements and documents executed and
      delivered pursuant to this Agreement, constitute valid and binding
      obligations of such Seller, enforceable against such Seller in accordance
      with its terms, subject to applicable Bankruptcy Laws and other laws or
      equitable principles of general application affecting the rights of
      creditors generally.

              

      

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      
        	
                (b)  

              	
                No Conflicts.
      Neither the execution or delivery of this Agreement by the Seller nor the
      fulfillment or compliance by the Seller with any of the terms hereof
      shall, with or without the giving of notice and/or the passage of time,
      (i) conflict with, or result in a breach of the terms, conditions or
      provisions of, or constitute a default under, (A) the organizational or
      charter documents of the Seller is bound, or (ii) require any consent,
      license, permit, authorization, approval or other action by any Person or
      Government Authority which has not yet been obtained or received. The
      execution, delivery and performance of this Agreement by the Seller or
      compliance with the provisions hereof by the Seller does not, and shall
      not, violate any provision of any Law to which the Seller is subject or by
      which it is bound.

              

      

       

      
        	
                (c)  

              	
                No
      Actions.  There are no lawsuits, actions (or to the best
      knowledge of the Seller, investigations), claims or demands or other
      proceedings pending or, to the best of the knowledge of the Seller,
      threatened against the Seller which, if resolved in a manner adverse to
      the Seller, would adversely affect the right or ability of the Seller to
      carry out its obligations set forth in this
  Agreement.

              

      

       

      
        	
                (d)  

              	
                Title.  Seller
      owns the Seller’s Shares free and cleat of any claim, pledge, charge,
      lien, preemptive rights, restrictions on transfers, proxies, voting
      agreements and any other encumbrance whatsoever, except as contemplated by
      this Agreement. The Seller has not entered into or is a party to any
      agreement that would cause the Seller to not own such Seller’s Shares free
      and clear of any encumbrance, except as contemplated by this
      Agreement.

              

      

       

      
        	
                4.2  

              	
                Representations and
      Warranties by Purchaser. The Purchaser represents and warrants to the
      Seller that:

              

      

       

      
        	
                (a)  

              	
                Due
      Authorizations. The execution and delivery of this Agreement and
      the consummation of the transactions contemplated hereunder to be carried
      out by it have been duly authorized by all necessary action on the part of
      the Purchaser. This Agreement, and all agreements and documents executed
      and delivered pursuant to this Agreement, constitute valid and binding
      obligations of Purchaser, enforceable against Purchaser in accordance with
      its terms, subject to applicable Bankruptcy Laws and other laws or
      equitable principles of general application affecting the rights of
      creditors generally.

              

      

       

      
        	
                (b)  

              	
                No conflicts.
      Neither the execution or delivery of this Agreement by Purchaser nor the
      fulfillment or compliance by Purchaser with any of the terms hereof shall,
      with or without the giving of notice and/or the passage of time, (i)
      conflict with ,or result in a breach of the terms, conditions or
      provisions of or constitute a default under, (A) the organizational or
      charter documents of Purchaser or (B) any contract or any judgment, decree
      or order to which Purchaser is subject or by which Purchaser is bound, or
      (ii) requite any consent, license, emit, authorization, approval or other
      action by any Person or Government Authority which has not yet been
      obtained or received. The execution, delivery and performance of this
      Agreement by Purchaser or compliance with the provisions hereof by
      Purchaser does not, and shall not, violate any provision of any Law to
      which Purchaser is subject or by which it is
  bound.

              

      

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      
        	
                (c)  

              	
                No Actions.
      There are no lawsuits, actions (or to the best knowledge of Purchase,
      investigations), claims or demands or other proceedings pending or, to the
      best of the knowledge of Purchaser, threatened against Purchaser which, if
      resolved in a manner adverse to Purchaser, would adversely affect the
      right or ability of Purchaser to carry out its obligations set forth in
      this Agreement.

              

      

       

      
        	
                5.  

              	
                ENENTS
      OF DEFAULT AND TERMINATION

              

      

       

      
        	
                5.1  

              	
                Events of
      Default. The occurrence at any time with respect to a Party
      (the “Defaulting
      Party”) of any of the following events shall constitute an event of
      default (an “Event of
      Default”) with respect tot such
party:

              

      

       

      
        	
                (a)  

              	
                Failure to Pay or
      Deliver. The failure by a Party to make, when due, any payment
      under this Agreement or deliver the Seller’s Shares in accordance with
      this Agreement, if such failure is not remedied on or before the third
      Business Day after notice of such failure is given to the Defaulting
      Party;

              

      

       

      
        	
                (b)  

              	
                Breach of
      Agreement. The failure by a party to comply with or perform any
      agreement, covenant or obligation (other than a failure described in
      Section 5.1(a)) to be complied with or performed by such Party in
      accordance with this Agreement if such failure is not remedied on or
      before the tenth Business Day after notice of such failure is given to the
      Defaulting Party; or

              

      

       

      
        	
                (c)  

              	
                Bankruptcy. A
      Party (1) is dissolved (other than pursuant to a consolidation,
      amalgamation or merger); (2) becomes insolvent or is unable to pay its
      debts or fails or admits in writing its inability generally to pay its
      debts as they become due; (3) makes a general assignment, arrangement or
      composition with or for the benefit of its creditors; (4) institutes or
      has instituted against it a proceeding seeking a judgment of insolvency or
      bankruptcy or any relief under any Bankruptcy Law, or a petition is
      presented for its winding-up or liquidation, and in the case of any such
      proceeding or petition instituted or presented against it, such proceeding
      or petition (A) results in a judgment of insolvency or bankruptcy or the
      entry of an order for relief or the making of an order for its winding-up
      or liquidation (B) is not dismissed, discharged, stayed or restrained in
      each case within 30 days of the institution or presentation thereof; (5)
      has a resolution passed for its winding-up, official management or
      liquidation (other than pursuant to a consolidation, amalgamation or
      merger); (6) seeks or becomes subject to the appointment of an
      administrator, provisional liquidator, conservator, receiver, trustee,
      custodian or other similar official for it or for all or substantially all
      it assets; (7) has a secured party take possession of all or substantially
      all its assets or has a distress, execution, attachment, sequestration or
      other legal process levied, enforced or sued on or against all or
      substantially all its assets and such secured party maintains possession,
      or any such process I not dismissed, discharged, stayed or rescinded, in
      each case within 30 days thereafter; (8) causes or is subject to any event
      with respect to it which, under the applicable Law, has an analogous
      effect to any of the events described in clauses (1) through (7); or (9)
      takes any actions in furtherance of, or indicating its consent to,
      approval of, or acquiescence in, any of the foregoing
  acts.

              

      

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      
        	
                5.2  

              	
                Termination. If
      at any time an Event of Default with respect to a Party has occurred and
      is continuing, the other party may terminate this Agreement and deem the
      Expiration Date to have occurred by giving written notice to the
      Defaulting Party specifying the relevant Event of
  Default.

              

      

       

      
        	
                6.  

              	
                MISCELLANEOUS.

              

      

       

      
        	
                6.1  

              	
                Governing Law;
      Jurisdiction. This Agreement shall be construed according to, and
      the rights of the Parties shall be governed by, the laws of the State of
      New York, without reference to any conflict of laws principle that would
      cause the application of the laws of any jurisdiction other than New York,
      Each Party hereby irrevocably submits to the exclusive jurisdiction of the
      federal and state courts sitting in the City of New York, for the
      adjudication of any dispute hereunder or in connection herewith, and
      agrees not to assert in any suit, action or proceeding, any claim that it
      is personally subject to the jurisdiction of such court, that such, suit,
      action or proceeding is brought in an inconvenient forum, or that the
      venue of such suit, action or proceeding is
  improper.

              

      

       

      
        	
                6.2  

              	
                Successors and
      Assigns. No Party may assign this Agreement or any tights or
      obligations hereunder without the prior written consent of the other
      Party. The provisions hereof shall inure to the benefit of, and be binding
      upon, the successors and permitted assigns of the
  Parties.

              

      

       

      
        	
                6.3  

              	
                Entire Agreement;
      Amendment. This Agreement constitutes the full and entire
      understanding and agreement between and among the Parties with regard to
      the subject matter hereof. Any term of this Agreement may be amended only
      with the written consent of each
Party.

              

      

       

      
        	
                6.4  

              	
                Notices and Other
      Communications. Any and all notices, requests, demands and other
      communications required or otherwise contemplated to be made under this
      Agreement shall be in writing and shall be provided by one or more of the
      following means and shall be deemed to have been duly given (a) if
      delivered personally, when received, (b) if transmitted by facsimile, on
      the date of transmission with receipt of a transmittal confirmation, or
      (c) if by an internationally recognized overnight courier service, one
      Business Day after deposit with such courier service. All such notices,
      requests, demands and other communications shall be addressed to such
      address or facsimile number as a party may have specified to the other
      parties in writing delivered in accordance with this Section
      6.4.

              

      

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

      
        	
                6.5  

              	
                Delays or
      omissions. No delay or omission to exercise any right, power or
      remedy accruing to any Person hereunder, upon any breach or default under
      this Agreement, shall impair any such right, power or remedy nor shall it
      be construed to be a waiver of any such breach or default, or an
      acquiescence therein, or of or in any similar breach or default thereafter
      occurring; nor shall any waiver of any single breach or default be deemed
      a waiver of any other breach or default theretofore or thereafter
      occurring. Any waiver, permit, consent or approval of any kind or
      character on the part of any Person hereunder of any breach or default
      under this Agreement, or any waiver on the part of any Person of any
      provisions or conditions of this Agreement, must be in writing and shall
      be effective only to the extent specifically set forth in such writing and
      sighed by the waiving or consenting
Person.

              

      

       

      
        	
                6.6  

              	
                Severability.
      If any provision of this Agreement is found to be invalid or
      unenforceable, then such provision shall be construed, to the extent
      feasible, so as to render the provision enforceable and to provide for the
      consummation of the transactions contemplated hereby on substantially the
      same terms as originally set forth herein, an if no feasible
      interpretation would save such provision, it shall be severed from the
      remainder of this Agreement, which shall remain in full force and effect
      unless the severed provision is essential to the rights or benefits
      intended by the Parties. In such event, the parties shall use best efforts
      to negotiate, in good faith, a substitute, valid and enforceable provision
      or agreement which most nearly affects the Parties’ intent in entering
      into this Agreement.

              

      

       

      
        	
                6.7  

              	
                Construction.
      The language used in this Agreement will be deemed to be the language
      chosen by the Parties to express their mutual intent, and no rules of
      strict construction will be applied against any
  Party.

              

      

       

      
        	
                6.8  

              	
                Further
      assurances. The parties shall perform such acts, execute and
      deliver such instruments and documents and do all other such things as may
      be reasonably necessary to effect the transactions contemplated
      hereby.

              

      

       

      
        	
                6.9  

              	
                Counterparts.
      This Agreement may be executed in any number of counterparts, each of
      which shall be an original, but all of which together shall constitute one
      instrument. Execution and delivery of this Agreement by exchange of
      facsimile copies bearing the facsimile signature of a Party shall
      constitute a valid and binding execution and delivery of this Agreement by
      such Party.

              

      

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

      Signature
Page of Earn-in Agreement

       

      IN WITNESS WHEREOF, the
Parties have executed this Agreement as of the date first written
above.

       

       

      
        	 	Purchaser	 
	 	 	 
	 	/s/ XU Dengfu	 
	 	 	 
	 	XU Dengfu	 
	 	 	 
	 	 	 
	 	Seller	 
	 	

                 

              	 
	 	/s/ Song Liqiang	 
	 	 	 
	 	Song Liqiang	 

      

       

       

      Acknowledged
and agreed to:

       

      Collateral
Agent:

      Jingtian
& Gongcheng Attorneys at Law

       

      By:
Jingtian & Gongcheng Attorneys at Law

      

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

       

      Signature
Page of Earn-in Agreement

       

      IN WITNESS WHEREOF, the
Parties have executed this Agreement as of the date first written
above.

       

      

       

      
        	 	Purchaser	 
	 	 	 
	 	/s/ Luping Pan	 
	 	 	 
	 	Luping Pan	 
	 	 	 
	 	 	 
	 	Seller	 
	 	 	 
	 	/s/ Song Liqiang	 
	 	 	 
	 	Song Liqiang	 

      

       

       

      Acknowledged
and agreed to:

       

      Collateral
Agent:

      Jingtian
& Gongcheng Attorneys at Law

       

      By:
Jingtian & Gongcheng Attorneys at Law

      

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

       

      APPENDIX
A

       

      

      Form of
Exercise Notice

       

      [Date]

       

      [______________](the
“Seller”)

       

      [______________]

       

      [______________]

       

      Attention:[______]

       

      Re:
Earn-in Agreement dated _____________ (the “Earn-in Agreement”) between
___________ (“Purchaser”) and Song Liqiang.

       

      Dear
Sir:

       

      In
accordance with Section 2.3 of the Earn-in Agreement, Purchaser hereby provides
this notice of exercise of the Call Right in the manner specified
below:

       

      
        	
                (a)  

              	
                The
      Purchaser hereby exercises its Call Right with respect to Seller’s Shares
      pursuant to the Earn-in Agreement.

              

      

       

      
        	
                (b)  

              	
                The
      Purchaser shall pay the sum of $________ to the
  Seller.

              

      

       

      

       

      Date:
____________,______

       

       
12f8k032910ex10v_exp4.htm

    Exhibit
10.5

     

    
      ESCROW
AGREEMENT

      

                 ESCROW
AGREEMENT dated as of this 22nd day
of March, 2010, by and among Expedite 4, Inc., a Delaware corporation (the
“Company”), Southern China Livestock International Inc., a company incorporated
under the laws of the State of Nevada (“Southern China Livestock”), Loeb & Loeb
LLP, a New York limited liability company (the “Agent”), Rodman
& Renshaw, LLC, a New York limited liability company (the “Placement
Agent”).

      

      W I T N E S S E T H:

      

                 WHEREAS,
the Company is offering securities in a private equity financing (the
“Financing”) to “accredited investors” or to “non-U.S. persons” (collectively
the “Purchasers”), as that each term is defined in Regulation D and Regulation
S, respectively, each promulgated under the Securities Act of 1933, as
amended;

      

      WHEREAS,
the Financing is conditioned upon the completion of a share exchange agreement,
pursuant to which Southern China Livestock shall become the wholly owned
subsidiary of the Company (the “Combination”);

      

                 WHEREAS,
in connection with the Financing, such securities are being sold in units (the
“Units”) with each Unit consisting of two (2) shares of the Company’s common
stock (the “Common Stock”) and warrants to purchase one (1) share of the
Company’s common stock (the “Warrants” and collectively the
“Securities”);

      

                 WHEREAS,
the Units are being offered at a price of $10.00 per Unit (the “Offering
Price”); and

      

      WHEREAS,
the Company desires to sell in the Financing a minimum of Units in the aggregate
amount of $5,000,000 (the “Minimum Amount”) and a maximum of Units in the
aggregate amount of $10,000,000 (the “Maximum Amount”); and

      

                 WHEREAS:

      

      (a)           The
Financing will commence immediately and will continue until the earlier of: (i)
the date upon which subscriptions for the Maximum Amount have been accepted;
(ii) March 31, 2010, unless extended by the Company, Southern China Livestock
and the Placement Agent without notice to Purchasers to a date not later than
May 31, 2010; or (iii) the date upon which the Company, Southern China Livestock
and the Placement Agent elect to terminate the Financing;

      

      (b)           Once
the Purchasers have subscribed and the Company has accepted subscriptions for
the Minimum Amount, the Company and the Placement Agent may conduct an initial
closing (the “First Closing”) with respect to such Units.  Thereafter,
the Company and the Placement Agent may decide to conduct one or more closings
for the sale of additional Units (each, together with the First Closing, a
“Closing”);

      

      (c)           Proceeds
received from subscriptions for the Units shall be held in escrow by the Agent
pending a Closing; and

      

      (d)           If
the Minimum Amount is not sold prior to the end of the Offering Period, the
Financing will be terminated and all funds received from Purchasers will be
promptly returned, without interest, penalty or deduction.  The day
that the Offering Period terminates is hereinafter referred to as the
“Termination Date.”

       

       

      
        
          
          

        

        
          1

           

        

        
          
          

        

      

      
 

                 NOW,
THEREFORE, in consideration of the mutual promises herein contained and
intending to be legally bound, the parties hereby agree as follows:

      

                 1.           Appointment of
Agent.  The Company hereby appoints the Agent as escrow agent
in accordance with the terms and conditions set forth herein, and the Agent
hereby accepts such appointment.

      

                 2.           Delivery of Subscription
Proceeds.  All checks, drafts, or other instruments or wire
transfer funds received from Purchasers as payment for the Units will be
delivered by the Company or Placement Agent to the Agent, made payable to “Loeb & Loeb LLP, as
Escrow Agent for Expedite 4, Inc.”  The Placement Agent will provide
the Agent with a chart setting forth, as to each Purchaser, his name, address,
social security number or employer identification number, amount of Units
purchased, and the amount paid in connection with such purchase.  The
Agent is hereby empowered on behalf of the Company to endorse and collect all
checks, drafts, wire funds transfers, or other instruments received on account
of purchases of the Units.

      

                 3.           Agent to Hold and Disburse
Funds.  The Agent will hold in an account  ,established for the benefit of
the Company and disburse all funds received by it pursuant to the terms of this
Escrow Agreement, as follows:

      

                            3.1           In
the event that prior to the Termination Date the Agent has received funds equal
to or greater than the Minimum Amount (and such funds are cleared within ten
(10) days following the Termination Date) from the sale of Units, the Agent
will, on the date of a Closing, pursuant to written instructions signed by the
Company, Southern China Livestock and the Placement Agent, pay to the Company,
and/or to any other person designated in such instructions, the proceeds
received by the Agent from the sale of such Units, provided that the Company’s
counsel and the Placement Agent’s counsel has confirmed in writing that all
conditions for the release of the escrow funds have been met and that the
securities have been issued and delivered to the Purchasers.

      

                 3.2           In
the event that prior to the Termination Date the Agent has not received funds
equal to or greater than the Minimum Amount (or such funds have not cleared
within ten (10) days of the Termination Date) from the sale of the Units, or in
the event that a Closing has not taken place within ten days of the Termination
Date, the Agent will return all funds to the Purchasers, without interest,
penalty or deduction.

      

                 4.           Exculpation and
Indemnification of Agent.

      

                            4.1           The
Agent shall have no duties or responsibilities other than those expressly set
forth herein.  The Agent shall have no duty to enforce any obligation
of any person to make any payment or delivery, or to direct or cause any payment
or delivery to be made, or to enforce any obligation of any person to perform
any other act.  The Agent shall be under no liability to the other
parties hereto or to anyone else by reason of any failure on the part of any
party hereto or any maker, guarantor, endorser or other signatory of any
document or any other person to perform such person’s obligations under any such
document.  Except for amendments to this Agreement referred to below,
and except for instructions given to the Agent by the Company and the Placement
Agent relating to the funds deposited with the Agent under this Agreement, the
Agent shall not be obligated to recognize any agreement between any and all of
the persons referred to herein, notwithstanding that references thereto may be
made herein and whether or not it has knowledge thereof.

       

       

      
        
          
          

        

        
          2

           

        

        
          
          

        

      

      
 

                            4.2           The
Agent shall not be liable to the Company or to anyone else for any action taken
or omitted by it, or any action suffered by it to be taken or omitted, in good
faith and in the exercise of its own best judgment.  The Agent may
rely conclusively and shall be protected in acting upon any order, notice,
demand, certificate, opinion or advice of counsel (including counsel chosen by
the Agent), statement, instrument, report or other paper or document (not only
as to its due execution and the validity and effectiveness of its provisions,
but also as to the truth and acceptability of any information therein
contained), which is believed by the Agent to be genuine and to be signed or
presented by the proper person or persons.  The Agent shall not be
bound by any notice or demand, or any waiver, modification, termination or
rescission of this Agreement or any of the terms thereof, unless evidenced by a
writing delivered to the Agent signed by the proper party or parties and, if the
duties or rights of the Agent are affected, unless it shall give its prior
written consent thereto.

      

                            4.3           The
Agent shall not be responsible for the sufficiency or accuracy of the form of,
or the execution, validity, value or genuineness of, any document or property
received, held or delivered by it hereunder, or of any signature or endorsement
thereon, or for any lack of endorsement thereon, or for any description therein;
nor shall the Agent be responsible or liable to the other parties hereto or to
anyone else in any respect on account of the identity, authority or rights of
the persons executing or delivering or purporting to execute or deliver any
document or property or this Agreement.  The Agent shall have no
responsibility with respect to the use or application of any funds or other
property paid or delivered by the Agent pursuant to the provisions
hereof.  The Agent shall not be liable to the Company or to anyone
else for any loss which may be incurred by reason of any investment of any
monies which it holds hereunder provided the Agent has complied with the
provisions of Section 3.2 hereunder.

      

                            4.4           The
Agent shall have the right to assume in the absence of written notice to the
contrary from the proper person or persons that a fact or an event by reason of
which an action would or might be taken by the Agent does not exist or has not
occurred, without incurring liability to the other parties hereto or to anyone
else for any action taken or omitted, or any action suffered by it to be taken
or omitted, in good faith and in the exercise of its own best judgment, in
reliance upon such assumption.

      

                            4.5           To
the extent that the Agent becomes liable for the payment of taxes, including
withholding taxes, in respect of income derived from the investment of funds
held hereunder or any payment made hereunder, the Agent may pay such
taxes.  The Agent shall be indemnified and held harmless against any
liability for taxes and for any penalties or interest in respect of taxes, on
such investment income or payments in the manner provided in Section
4.6.

      

                            4.6           The
Agent will be indemnified and held harmless by the Company from and against any
and all expenses, including reasonable counsel fees and disbursements, or loss
suffered by the Agent in connection with any action, suit or other proceeding
involving any claim, or in connection with any claim or demand, which in any
way, directly or indirectly, arises out of or relates to this Agreement, the
services of the Agent hereunder, the monies or other property held by it
hereunder or any income earned from investment of such monies, except for the
Escrow Agent’s gross negligence or misconduct.  Promptly after the
receipt by the Agent or notice of any demand or claim or the commencement of any
action, suit or proceeding, the Agent shall, if a claim in respect thereof is to
be made against the Company, notify the Company thereof in writing, but the
failure by the Agent to give such notice shall not relieve the Company from any
liability which the Company may have to the Agent hereunder.

       

       

      
        
          
          

        

        
          3

           

        

        
          
          

        

      

      
 

                            4.7           For
the purposes hereof, the term “expense or loss” shall include all amounts paid
or payable to satisfy any claim, demand or liability, or in settlement of any
claim, demand, action, suit or proceeding settled with the express written
consent of the Agent, and all costs and expenses, including, but not limited to,
reasonable counsel fees and disbursements, paid or incurred in investigating or
defending against any such claim, demand, action, suit or
proceeding.

      

                 5.           Termination of Agreement and
Resignation of Agent.

      

                            5.1           This
Escrow Agreement shall terminate on the final disposition of the monies and
property held in escrow hereunder, provided that the rights of the Agent and the
obligations of the other parties hereto under Sections 4 and 7 shall survive the
termination hereof.

      

                            5.2           The
Agent may resign at any time and be discharged from its duties as Agent
hereunder by giving the Company, Southern China Livestock and the Placement
Agent at least 30 days notice thereof.  As soon as practicable after
its resignation, the Agent shall turn over to a successor escrow agent appointed
by the Company all monies and property held hereunder upon presentation of the
document appointing the new escrow agent and its acceptance
thereof.  If no new Agent is so appointed within the 60-day period
following such notice of resignation, the Agent may deposit the aforesaid monies
and property with any court it deems appropriate.

      

                 6.           Form of Payments by
Agent.

      

                            6.1           Any
payments by the Agent to Purchasers or to persons other than the Company
pursuant to the terms of this Agreement shall be made by check, payable to the
order of each respective subscriber or other person or wire.

      

                            6.2           All
amounts referred to herein are expressed in United States Dollars and all
payments by the Agent shall be made in such dollars.

      

                 7.           Compensation of
Agent.  For services rendered, the Agent shall receive as
compensation $2,500.00, which shall be paid by the Company at the First
Closing.  The Agent shall also be entitled to retain any income earned
on the funds in the escrow account as part of the Agent’s
compensation.  The Agent shall also be entitled to reimbursement from
the Company for all expenses paid or incurred by it in the administration of its
duties hereunder, including, but not limited to, all counsel, advisors’ and
Agents’ fees and disbursements and all reasonable taxes or other governmental
charges.  It is anticipated that such disbursement shall not exceed
$500.00 barring any unforeseen circumstances.

      

                 8.           Notices.  All
notices, requests, demands and other communications provided for herein shall be
in writing, shall be delivered by hand or by first-class mail, shall be deemed
given when received and shall be addressed to the parties hereto at their
respective addresses listed below or to such other persons or addresses as the
relevant party shall designate as to itself from time to time in writing
delivered in like manner.

       

      
        
          	
                  If
      to the Company:

                	
                  Expedite
      4, Inc.

                
	 
      	
                  212
      Carnegie Center, #206

                
	 
      	
                  Princeton,
      NJ 08540

                
	 
      	
                  Tel:
      (609) 524-2560

                
	 
      	 
      

           

           

          
            
              
              

            

            
              4

               

            

            
              
              

            

          

           

           

          	
                  If
      to Southern China Livestock :

                	
                  Southern
      China Livestock International, Inc.

                
	 
      	
                  88
      Guihuayuan, Guanjingcheng, Yujiang, Yingtan City, Jiangxi Province, P.R.
      China.

                
	 
      	
                  Attention:  Luiping
      Pan, CEO

                
	 
      	
                  Tel.:
      +86 (701) 568-0890

                
	 
      	
                  Fax:
      +86 (701) 568-0891

                
	 
      	 
      
	
                  With a copy
      to:

                	
                  Anslow
      & Jaclin LLP

                
	 
      	
                  195
      Route 9 South

                
	 
      	
                  Manalapan,
      NJ, 07726

                
	 
      	
                  Attention:
      Gregg E. Jaclin, Esq.

                
	 
      	
                  Tel.:
      (732) 409-1212

                
	 
      	
                  Fax:
      (732) 577-1188

                
	 
      	 
      
	
                  If
      to the Agent:

                	
                  Loeb
      & Loeb LLP

                
	 
      	
                  345
      Park Avenue

                
	 
      	
                  New
      York, NY 10154

                
	 
      	
                  Attention:  Mitchell
      Nussbaum

                
	 
      	
                  Tel.:
      (303) 282-4800

                
	 
      	
                  Fax:
      (303) 282-5800

                
	 
      	 
      
	
                  If
      to the Placement Agent:

                	
                  Rodman
      & Renshaw, LLC

                
	 
      	
                  Attn:                      Ramnarain
      J. Jaigobind

                
	 
      	
                  1251
      Avenue of Americas, 20th
      Floor

                
	 
      	
                  New
      York, NY 10020

                
	 
      	
                             Tel:
      (212) 430-1735

                
	 
      	
                             Fax:
      (212) 847-7335

                
	 
      	 
      
	
                  With a copy
      to:

                	
                  Loeb
      & Loeb LLP

                
	 
      	
                  Attn:           Mitchell
      Nussbaum

                
	 
      	
                  345
      Park Avenue

                
	 
      	
                  New
      York, New York 10154

                
	 
      	
                  Tel.:
      (212) 407-4159

                
	 
      	
                  Fax:
      (212) 504-3013

                

        

      

       

      

                 9.           Further
Assurances:  From time to time on and after the date hereof,
the Company shall deliver or cause to be delivered to the Agent such further
documents and instruments and shall do and cause to be done such further acts as
the Agent shall reasonably request (it being understood that the Agent shall
have no obligation to make any such request) to carry out more effectively the
provisions and purposes of this Agreement, to evidence compliance herewith or to
assure itself that it is protected in acting hereunder.

      

                 10.           Consent to Service of
Process.  Each of the Company, Southern China Livestock and the
Placement Agent hereby irrevocably consents to the jurisdiction of the courts of
the State of New York and of any federal court located in such State in
connection with any action, suit or other proceeding arising out of or relating
to this Agreement or any action taken or omitted hereunder, and waives personal
service of any summons, complaint or other process and agrees that the service
thereof may be made by certified or registered mail directed to each of the
Company and the Placement Agent at its address for purposes of notices
hereunder.

       

       

      
        
          
          

        

        
          5

           

        

        
          
          

        

      

      
 

                 11.           Miscellaneous.

      

                            11.1           This
Agreement shall be construed without regard to any presumption or other rule
requiring construction against the party causing such instrument to be
drafted.  The terms “hereby”, “hereof”, “hereto”, “hereunder” and any
similar terms, as used in this Agreement, refer to the Agreement in its entirety
and not only to the particular portion of this Agreement where the term is
used.  The word “person” shall mean any natural person, partnership,
company, government and any other form of business or legal
entity.  All words or terms used in this Agreement, regardless of the
number or gender, in which they are used, shall be deemed to include any other
number and any other gender as the context may require.  This
Agreement shall not be admissible in evidence to construe the provisions of any
prior agreement.

      

                            11.2           Succession and
Assignment.  This Agreement and the rights and obligations
hereunder of the Company may be assigned by the Company only to a successor to
the Company’s entire business.  This Agreement and the rights and
obligations hereunder of the Agent may be assigned by the Agent only to a
successor to its entire business.  This Agreement shall be binding
upon and inure to the benefit of each party’s respective successors, heirs and
permitted assigns.  No other person shall acquire or have any rights
under or by virtue of this Agreement.  This Agreement may not be
changed orally or modified, amended or supplemented without an express written
agreement executed by the Agent, the Company, Southern China Livestock and the
Placement Agent.  This Agreement is intended to be for the sole
benefit of the parties hereto, and (subject to the provisions of this Section
11.2) their respective successors, heirs and assigns, and none of the provisions
of this Agreement are intended to be, nor shall they be construed to be, for the
benefit of any third person.

      

                            11.3           Amendments and
Waivers.  This Agreement may be amended only with the written
consent of the Agent, the Company, Southern China Livestock and the Placement
Agent.  No waiver of any right or remedy hereunder shall be valid
unless the same shall be in writing and signed by the party giving such
waiver.  No waiver by any party with respect to any condition, default
or breach of covenant hereunder shall be deemed to extend to any prior or
subsequent condition, default or breach of covenant hereunder or affect in any
way any rights arising by virtue of any prior or subsequent such
occurrence.

      

                            11.4           Governing
Law.  This Agreement shall be governed by and construed in
accordance with the internal laws of the State of New York.  The
representations and warranties contained in this Agreement shall survive the
execution and delivery hereof and any investigations made by any
party.  The headings in this Agreement are for purposes of reference
only and shall not limit or otherwise affect any of the terms
hereof.

      

                 12.           Execution in
Counterparts.  This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original as against any
party whose signature appears thereon, and all of which shall together
constitute one and the same instrument.  This Agreement shall become
binding when one or more counterparts hereof, individually or taken together,
shall bear the signature of all of the parties reflected hereon as the
signatures.

      

      

      [Signatures
to Follow on Next Page]

       

       

      
        
          
          

        

        
          6

           

        

        
          
          

        

      

       

       

      IN
WITNESS WHEREOF, the parties have executed and delivered this Agreement on the
day and year first above written.

       

      
        
          	
                  LOEB
      & LOEB LLP

                
	 
      	 
      
	 
      	 
      
	
                  By:

                	
                  /s/
      Loeb & Loeb, LLP  

                
	 
      	
                  Name:   Norwood
      Beverage

                
	 
      	
                  Title:   Partner

                
	 
      	 
      
	
                  EXPEDITE
      4, INC.

                
	 
      	 
      
	 
      	 
      
	
                  By:

                	
                  By:
       /s/ Sheila
      Hunter                                                                                     

                
	 
      	
                  Name:   Sheila
      Hunter

                
	 
      	
                  Title:  CEO

                
	 
      	 
      
	
                  SOUTHERN
      CHINA LIVESTOCK

                
	
                  INTERNATIONAL
      INC.

                
	 
      	 
      
	 
      	 
      
	
                  By:

                	
                  By:
      /s/ Shu
      Kaneko                                                                           

                
	 
      	
                  Name:   Shu
      Kaneko

                
	 
      	
                  Title:  CFO
      and Director

                
	 
      	 
      
	
                  RODMAN
      & RENSHAW, LLC.

                
	 
      	 
      
	 
      	 
      
	
                  By:

                	
                  By:
      /s/ John
      Borer                                                                           

                
	 
      	
                  Name:   John
      Borer

                
	 
      	
                  Title:  President

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