Document:

English translation of Financial Consulting Services Agreement

 Exhibit 10.22 
 Henan Xinyuan Real Estate Co., Ltd. 
 Financial Consulting Services 
 Agreement 
 Location of Agreement Signature:
Zhengzhou, Henan Province 

 Party A: Henan Xinyuan Real Estate Co., Ltd. 
 Address: 8 Xinyuan Rd., Zhengzhou, Henan Province 
 Party B: Beijing Runzheng Investment Consulting Co., Ltd. 
 Address: Suites 1 – 117, 8 Banbi Street South Road, Haidian District, Beijing 
 Article 1: On the basis of sincere cooperation and to mutually seek the goal of development, Party A employs Party B to provide financial consulting services to the Company. Party B agrees to accept this appointment. Through amicable
discussions, both Parties establish this Agreement. 
 Article 2: Through dedicated contact personnel and team service, Party B shall provide to Party A the
financial consulting services as stipulated in Article 3 herein. That is, Party B shall designate and assign a dedicated personnel to maintain daily contact with Party A, and shall, in accordance with the services stipulated herein and in accordance
with the reasonable demands of Party A, dispatch other personnel to provide professional services to Party A as stipulated in this Agreement. Of these personnel, Dr. Chui Yong shall serve as the team leader for Party B, and shall accept the
corresponding duties arranged by Party A, providing direct and effective service to Party A. 
 Article 3: The content of the financial consulting services
provided by Party B is as follows: 
  

	 	A.	Design a plan for Party A’s enterprise to list its assets on a US capital market, and lead implementation within the scope authorized by Party A: 

  

	 	1.	Through investigation and research about the actual situation, in order to publicly list Party A’s enterprise on a US capital market, and in order to design an IPO financing
plan, make plans for raising more than $100,000,000.00 (one hundred million US dollars); 

  

	 	2.	Working together with the corresponding personnel in Party A and as authorized by Party A, assist with or lead implementation of the above-described plan, making modifications as
necessitated by changes in the actual circumstances; 

  

	 	3.	Within the scope authorized by Party A, represent or assist Party A’s personnel as well as intermediary institutions involved in this IPO, (including but not limited to legal,
auditing, underwriting, market-making, public relations and other institutions) to carry out professional negotiations and provide professional recommendations related to the aforementioned service projects; 

  

	 	4.	Provide relevant professional knowledge, guidance and training for personnel in Party A’s enterprise involved in this IPO; 

	 	B.	After Party A’s enterprise listing, through real estate funds, mergers and acquisitions, project investments or other methods, promote implementation of domestic and
international capital cooperation plans. 

  

	 	1.	After the public listing of Party A’s enterprise, at the request of Party A, formulate and provide in cooperation a design for a financing plan and plan investment for raising
$500,000,000.00 (five hundred million US Dollars) for Party A’s enterprise or the company or project it designates, through real estate funds, mergers and acquisitions and project finance or other methods; 

  

	 	2.	Through Party B’s information channels and professional abilities, provide Party A with introductions to potential investors and cooperative parties for projects; in accordance
with changes in the actual demands for capital, introduce equity or debt capital for Party A; 

  

	 	C.	Financial professional consulting services 

 The scope of
consulting includes but is not limited to direct financing for the company in for this listing in the form of private raising of shares, real estate investment funds, trusts, project cooperation, etc.; 
 Article 4: Service 
 1. The service provided
by Party B shall be provided in the form of written documents (planning documents, research reports, letters, faxes, etc.), oral communications (regularly scheduled discussions, lectures, or telephone communications, etc.) or other forms (email,
etc.). 
 2. As needed for financial consulting work, the two parties may establish a dedicated working group. The leader of this working
group shall be jointly appointed by the two parties, and list of members of the working group may be recommended and determined by both Parties. Through negotiation and discussion by the two parties, the membership of the working group may be
changed. 
 3. Dr. Cui Yong, during the time of service, shall personally come to Party A’s site at least two days a month to
provide consulting services. 
 Article 5: Dates of Service 
 Party B’s dates of service shall begin on the date of signature of this contract and shall terminate on April 15, 2012. 
 Article 6: Service Fees and Payment Methods 
 To complete the consulting services provided for in Article 3
herein, Party A must pay a consulting fee to Party B. The consulting fee shall be paid in cash or may be paid by other methods. Details are as follows: 
 1. To complete the consulting services provided for in Article 3 herein, Party A has already paid to Party B consulting fees starting from the date of signature of this contract through April 15, 2007.

 Party A must pay consulting fees of 240,000.00 (two hundred forty thousand) per year from April 16,
2007 to April 15, 2012. The consulting fees shall be paid twice a year; specifically, on April 16 of every year, a fee of 120,000.00 (one hundred twenty thousand) shall be paid, and on October 16 of every year, 120,000.00 (one hundred
twenty thousand) shall be paid. 
 2. All of the relevant fees incurred by Party B’s employees working on the project at the request of Party A shall be
the responsibility of Party A; such fees include transportation, and room and board costs incurred outside of Beijing proper. 
 Article 7:
Rights of Party A 
  

	 	1.	Party A has the right to obtain the services stipulated in Article 3 herein. 

  

	 	2.	Party A holds the power to make decisions over business operations, and has the right to ultimately determine whether or not to adopt the consulting recommendations and opinions
provided by Party B. 

 Article 8: Party A’s Obligations 
  

	 	1.	Party A shall clearly and without error report to Party B its true intentions on the matters entrusted to Party B, and shall provide the necessary personnel assistance to Party B
for completion of Party B’s work. Party A shall provide the necessary materials and information to Party B in a timely manner, and shall ensure that all of the information and materials provided are true, accurate, and complete.

  

	 	2.	Party A shall, in accordance with the payment standards and payment methods agreed upon by both Parties, pay consulting fees. 

 Article 9: Party B’s Rights 
  

	 	1.	As required by the work, Party B has the right to understand, read, obtain and implement materials and information relevant to its financial consulting responsibilities.

  

	 	2.	In accordance with the payment standards and payment methods agreed upon by both Parties, obtain consulting fees from Party A. 

 Article 10: Obligations of Party B 
  

	 	1.	Rigorously execute consulting responsibilities within the scope authorized by Party A, do not exceed the scope authorized by Party A or engage in behavior damaging to Party A’s
interests. 

  

	 	2.	Party B shall scrupulously observe professional ethics, and shall maintain confidentiality for Party A’s materials, information or other trade secrets that Party B comes into
contact with in the process of providing financial consulting services. Party B shall also take appropriate measures to maintain the confidentiality and safekeeping of relevant materials. 

	 	3.	Prohibition of competitive business: Prior to the IPO and within one year after the IPO stipulated herein, Party B may not provide assistance with overseas financing or IPO business
for other enterprises that are engaged in businesses the same as or similar to Party A’s primary business. 

  

	 	4.	Disclosure obligation: In the process of assisting Party A to merge with or acquire a third party, Party B may not obtain any extra consulting fee from Party A. Should Party B
obtain a fee from the third party, it must disclose this to Party A in advance. 

 Article 11: Confidentiality 
  

	 	1.	Confidential information shall refer to any form of tangible or intangible, exclusive or confidential information or materials of Party A or its parent company, subsidiaries,
related companies, companies within the corporate group or any company with a business or contractual relationship (hereinafter “Related Companies”) obtained by Party B in the process of providing consulting services to Party A. The
above-described confidential information includes but is not limited to: 

  

	 	(1)	Party A’s operations and financial situation; 

  

	 	(2)	Party A’s investment and financing business; 

  

	 	(3)	Party A’s channels for obtaining land; 

  

	 	(4)	Party A’s suppliers and clients; 

  

	 	(5)	The records and documents of Party A’s Board of Directors; 

  

	 	(6)	Party A’s compensation and incentive system and assessment mechanisms; 

  

	 	(7)	Party A’s files and documents; 

  

	 	(8)	Other relevant information about Party A’s plans, expenses, marketing, etc. 

	 	2.	Confidentiality obligations: During the time that it provides consulting services to Party A or during the time after which it, for any reason, terminates consulting services
(hereinafter “Confidentiality Period”), unless laws or regulations have mandatory requirements to the contrary, Party B shall protect all above-described confidential and exclusive information of Party A, and unless Party A agrees in
writing in advance or unless otherwise provided herein, Party B may not by any method directly or indirectly disclose, copy or distribute to any other person (including but not limited to any employees of Party A), company or entity such
confidential information of Party A or Related Companies. Party B also may not use the above-described confidential information for its own interests or the interests of any other person, company, or entity. 

  

	 	3.	No permission or guarantee: Party A does not grant Party B permission to use any of its trade secrets or intellectual property rights, nor does it imply authorization of the
above-described permission via transmission of its confidential information or other information to Party B. In addition, Party A’s disclosure of confidential information does not constitute or include any statement or guarantee of the accuracy
or completeness of such information. 

  

	 	4.	Severability: No matter what the reason, should any clause of this contract or the contract itself be deemed invalid, be dissolved by both Parties or either of the 2 parties, or be
terminated, such invalidity, dissolution or termination shall not affect the validity if this clause. 

 Article 12: Party B Indemnity Clause

 Party A assumes full risk for all of Party A’s operational decisions made with reference to the consulting opinions of Party B. Party B shall not be
held liable. 
 Article 13: Liability for Breach of Contract 
  

	 	1.	Should any party violate the stipulations of the Contract, this shall constitute breach of Contract. The party in breach of contract must pay a fine of no more than 5% of the
consulting fees contained herein. 

  

	 	2.	Should Party B seriously violate the work ethics of the Board of Directors, obligations regarding the prohibition on competing work, or confidentiality obligations, causing Party A
to incur loss, Party B shall be held liable in accordance with the corresponding laws and regulations. At the same time, should Party B violate work ethics, obligations regarding the prohibition on competing work or confidentiality obligations,
Party A has the right to immediately terminate this Contract. This termination does not constitute a breach of contract by Party A. 

 Article 14: Effectiveness of Contract 
 This Contract takes effect from the date of signature and seal by both Parties. 
 Article 15: Contract Termination

  

	 	1.	While this contract continues to be in effect, should major changes such as force majeure or changes in policy, economic, financial, or legal situations arise or if the parties
experience a change in personnel such that Party A, Party B or both Parties are unable to carry out their duties under this Contract, the Parties may agree upon termination of this Contract, and neither party shall be held liable for breach of
contract. 

  

	 	2.	Through negotiation and consensus of both Parties, this Contract may be terminated in writing. Consulting fees collected by Party B prior to the date of contract termination shall
not be refunded by Party B. 

 Article 16: Dispute Resolution 
 Any and all disputes that should arise from the interpretation and execution of this Contract or related to this Contract shall first be resolved through negotiated settlement by both Parties. If such negotiated
settlement fails, the dispute shall be submitted to the Zhengzhou Arbitration Commission, which shall carry out such arbitration in accordance with the rules of the arbitration commission and relevant national regulations. The outcome of the
arbitration commission shall be final and shall be legally binding on both Parties. 
 Article 17: Other Matters 
 Other matters not addressed in this Contract shall be resolved through mutual negotiation by both Parties or through the signing of a supplementary agreement. The
supplementary agreement(s) and this Contract have equally binding legal power. 
 Article 18: Text Versions 
 This Contract shall have 4 (four) original copies, with each party retaining 2 (two). Each copy has equally binding legal power. 
 Article 19: Other 
 This Contract and the “Stock Futures Agreement”
shall simultaneously be signed and shall simultaneously take legal effect. Upon this Contract taking effect, the “Financial Services Hiring Agreement” signed by Party A and Beijing Huiye Huacheng Investment Consulting Co., Ltd., on
April 16, 2005 shall terminate. 

 This page is the Signature Page 
 Party A: (sealed) Henan Xinyuan Real Estate Co., Ltd. 
 Authorized representative (signature): (Zhang Yong) 
 December 27, 2006 
 Party B: (sealed) Beijing Runzheng Investment
Consulting Company, Ltd. 
 Authorized Representative (signature) (Cui Yong) 
 December 27, 2006English translation of the share transfer agreement

 Exhibit 10.23a 
 Share Transfer Agreement 
 This agreement was signed by each party in Zhengzhou on September 1, 2006 

Party A: Zhang Yong 
 Identification Number: 410103196310021930

 Party B: Henan Xinyuan Real Estate Co., Ltd. 
 Address:
Xinyuan Road No. 18, Xinyuan Mingjia Building 43, Zhengzhou City 
 Legal Representative: Zhang Yong 
 Party C: Zhengzhou Mingyuan Landscape Engineering Co., Ltd. 
 Address:
Xinyuan Road No. 18, Jinshui District, Zhengzhou City 
 Legal Representative: Zhang Yong 
 Whereas: 
 1. Party C is a limited liability company operating lawfully and established in accordance with Chinese law under
the legal entity business license no.: 4101002212449. The current scope of business consists of: landscape engineering and management (operating under license). 
 2. Party A lawfully owns 60% of Part C’s shares (hereinafter the “shares”); 
 3. Party A intends to transfer shares to Party B;
Party B has agreed to receive Party A’s intended share transfer in accordance with this agreement; 
 4. Party B and Party C, in accordance with the
internal management procedures of their respective companies, have each duly received the authorization and permission regarding this share transfer; 
  

 Page 1 (of 6) 

 On the basis of the aforementioned, Party A and Party B have amicably negotiated the aforementioned share transfer from
Party A to Party B with each party agreeing to the following articles: 
 Article 1. Share transfer price, payment period and method 
 1.1 Party A agrees to transfer shares to Party B at a provisional cost of Renminbi 600,000.00 (hereinafter the “provisional cost”); Party B
agrees to receive the share transfer at the provisional cost. 
 1.2 In accordance with the results of a legally prudent investigation and
audit as put forth in article 2.4 of this agreement, Party A and Party B shall act on the final cost (hereinafter the “final cost”) of the share transfer, which shall be linked to a fair and reasonable market price to be agreed upon in
further consultation. The aforementioned consultation must be completed before December 31, 2006. 
 1.3 As stipulated in article 2.2 of
this agreement, within three business days of completing industrial and commercial registration for the shares, Party B must remit payment of the provisional cost to Party A into a mutually agreed upon account (as indicated in the attachment).

 Within one month from the day both parties reach agreement on the final cost, Party B must pay in cash the difference between the final
cost and the provisional cost in a single installment to Party A (if the final cost is higher than the provisional cost), or Party A must refund in cash the difference between the final cost and the provisional cost in a single installment to Party
B (if the final cost is lower than the provisional cost), the sole exception being in cases where this agreement provides alternative stipulations. 
 Before each party has come to an agreement on the final cost, no party may utilize the provisional cost funds remitted to the account specified in the attachment. 
 Article 2. Promises and guarantees 
 2.1 Party A guarantees full ownership of the shares with
effective disposition and assurance that the shares have no encumbrances and are immune from third party recovery, or else Party A shall be responsible for all economic losses incurred by Party B there from. In addition, Party A shall provide
compensation for any and all direct or indirect losses or damages to Party B as a result of any action by Party A or Party C that leads to a third party bringing legal action or administrative penalties against Party C before change of share
registration is complete. 
 2.2 Party A promises that the industrial and commercial registration modification1 tasks for the share transfer of this agreement shall be completed before September 7, 2006. 

	1	This translation of 

 is attested to at http://www.eastlaw.net/cases/corp/HKgreenvalley-sharedisputes.htm 

  

 Page 2 (of 6) 

 2.3 Party B promises to pay the share transfer costs in the manner agreed upon in this agreement.

 2.4 Party A must make every effort to cooperate with Party B in the completion of a legally prudent investigation of Party C and must
employ the services of an internationally recognized accounting firm to perform the audit of Party C. 
 2.5 If the legally prudent
investigation or audit specified in article 2.4 of this agreement discovers any substantive deficiencies in the business or financial activities of Party C, or if Parties A and B cannot come to an agreement on the final cost as stipulated in article
1.2 of this agreement, then the share transfer of this agreement shall be null and void. Party B must then immediately cooperate with Party A to modify industrial and commercial registration to reinstate Party A’s status as a shareholder, Party
A must simultaneously and immediately return to Party B any provisional costs that have been paid, the sole exception being if any party is unable to enter into good faith negotiations as stipulated article 1.2 of this agreement. 
 Article 3. Liability for breach of contract 
 Upon
this agreement becoming effective, each party must conscientiously fulfill its obligations. If any party does not properly and completely fulfill its obligations, it shall be liable for the compensation of the damages to the abiding party.

 Article 4. Dispute resolution 
 Any
disputes that arise between the parties in the process of fulfilling the obligations of this agreement must be resolved through amicable negotiation. If agreement cannot be reached, any party may take legal action in a court of jurisdiction.

 Article 5. Modifying, suspending or terminating the agreement 
 Each party may negotiate to modify, suspend or terminate this agreement under the following circumstances: 
 1. Parties are unable to fulfill the obligations of this agreement due to force majeure. 
 2. Each party comes to agreement via
negotiation. 
 3. Other circumstances as stipulated by law. 
 Article 6. Share transfer fees 
 The fees relevant to the aforementioned share transfer (such as
notarial charges, stamp taxes) shall be the responsibility of the individual parties. 
  

 Page 3 (of 6) 

 Article 7. Supplementary articles 
 7.1 This agreement shall take effect after the authorized representative from each party has signed and affixed an official seal (if applicable). 
 7.2 This agreement consists of three originals with each party retaining one original, all of which have the same legal effect. 
 (No text below this point) 
  

 Page 4 (of 6) 

 (No text on this page)2 
 Party A: Zhang Yong 
 [Partial Seal3] 
 Party B: 
 Authorized Representative: 
 [Seal] Henan Xinyuan Real Estate Co., Ltd. 
 [Partial Seal4] 
 Party C: 
 Authorized Representative: 
 [Seal] Zhengzhou Mingyuan Landscape Engineering Co., Ltd. 

	2	Signatory page 

	3	Part of a seal is visible on the right hand side of the page. It is not legible. 

	4	A second partial seal is visible on the right hand side of the page. It is also not legible. 

  

 Page 5 (of 6) 

 Attachment 1: Party A and Party B mutually designated accounts 
 China Merchants Bank      Authorized Signature Card5 
 [Partial Seal6] 
 [Partial Seal7] 

	5	The scanned authorized signature card is only partially legible and cannot be translated in its present state. 

	6	Part of a seal is visible on the right hand side of the page. It is not legible. 

	7	A second partial seal is visible on the right hand side of the page. It is also not legible. 

  

 Page 6 (of 6)

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