Document:

Unassociated Document

    

     

    CONO
ITALIANO, INC.

    (a Nevada
corporation formerly known as Tiger Renewable Energy Ltd.)

     

    AMENDMENT

    LARA
MAC INC. MANAGEMENT SERVICES AGREEMENT

     

     

    THIS AMENDMENT TO THE MANAGEMENT
SERVICES AGREEMENT originally entered into as of June 22, 2009 (this
“Amendment”) is
made as of the date set forth on the signature page hereto, by and between LARA MAC INC. (“Lara Mac”), CONO ITALIANO, INC., a Nevada
corporation formerly known as Tiger Renewable Energy Ltd. (the “Company”), and
CONO ITALIANO, INC., a
Delaware corporation (“Cono Italiano (Delaware)”) and together with each of Lara
Mac and the Company, the “Parties”).

     

    WHEREAS, on June 4, 2009 Lara
Mac purchased 5,000,000 shares of the Company’s common stock from Gallant Energy
International Inc. (the “Gallant Agreement”) pursuant to which Lara Mac agreed
to pay in due course creditors of the Company (“Creditor
Payments”);

     

    WHEREAS, Lara Mac, by and
through its officers, employees, agents, representatives and affiliates, has
expertise in the areas of corporate management, finance, products and services,
marketing and sales, business strategies, investments, acquisitions and other
business matters;

     

    WHEREAS, the Company, desiring
to avail itself of the expertise of Lara Mac in the aforesaid areas, entered
into a Management Services Agreement with Lara Mac, dated as of June 22, 2009 (
the “Management Services Agreement”);

     

    WHEREAS, pursuant to Section
3(a) of the Management Services Agreement, in consideration of the
rendering of the Services contemplated by Section 2(a) of the Management
Services Agreement, the Company agreed to pay to Lara Mac a fee consisting of
9,553,377 shares of the Company’s common stock;

     

    WHEREAS, on August 10, 2009,
the Company executed a one-for-sixty reverse stock split,
pursuant to which the number of shares owned by Lara Mac was
reduced from 14,553,377 shares of the Company’s common stock to a total of 242,557
shares of the Company’s common stock (such shares as adjusted
for the reverse stock split, the “Lara Mac Shares”);

     

    WHERAS, pursuant to Section 4
of the Management Services Agreement, the Company agreed to pay or reimburse
Lara Mac, upon presentation of reasonable receipts, for its reasonable
Out-of-Pocket Expenses, as such the is defined in Section 4 of the Management
Services Agreement;

     

    WHEREAS, the Company and Lara
Mac now wish to enter into this Amendment to amend the Management Services
Agreement;

     

    
      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        Cono
Italiano, Inc.

        Amendment
– Lara Mac Inc. Management Services Agreement

        
          

        

      

    

     

    WHEREAS, the Company plans to
enter into share exchange agreements with the shareholders of Cono Italiano
(Delaware) (the “Share Exchange Agreements”), pursuant to which the Company will
acquire all of the issued and outstanding shares of Cono Italiano
(Delaware);

     

    WHEREAS, Lara Mac has agreed
to tender and cancel the Lara Mac
Shares, to provide additional consideration to the Company and the
shareholders of Cono Italiano (Delaware) to enter into the Share Exchange
Agreements, and for Cono Italiano (Delaware) to enter into this
Amendment;

     

    WHEREAS, Cono Italiano
(Delaware) has agreed to assume responsibility for any and all of the
obligations of the Company to pay the Out-of-Pocket Expenses of Lara Mac,
incurred between effectiveness of the Gallant Agreement on June 4, 2009 and the
date of this Amendment; and

     

    WHEREAS, capitalized terms
used and not defined in this Amendment shall have the meaning given to them in
the Management Services Agreement.

     

    NOW, THEREFORE, in
consideration of the foregoing recitals and the covenants and conditions herein
set forth, the parties hereto agree as follows:

     

    1.           Expense
Reimbursement.

     

    In consideration for the tender and
cancellation of the Lara Mac Shares, Cono Italiano (Delaware) hereby agrees that
it will reimburse Lara Mac for any and all Company Creditor Payments made by
Lara Mac, as well as any and all fees, costs, expenses or disbursements
(collectively, “Expenses”) paid, accrued or otherwise incurred on behalf of the
Company from the date of execution and effectiveness of the Gallant Agreement
and under the Management Services Agreement.

     

    2.           Lara Mac Shares.

     

    In consideration for the Company
Creditor Payments and reimbursement of Expenses, Lara Mac hereby tenders and
hereby agrees to cancellation as of the date hereof by the Company of any and
all right, title and interest in the Lara Mac Shares.  For
purposes of clarity, the tender and cancellation shall in no way reduce or
otherwise alter the number of shares of the Company which Lara Mac may be
entitled to receive pursuant to the Share Exchange Agreements.

     

    3.           General.

     

    (a)           The
Management Services Agreement shall terminate upon effectiveness of this
Amendment, except for provisions pertaining to indemnification and reimbursement
of expenses to Lara Mac, which shall survive without termination.

     

    (b)           No
amendment or waiver of any provision of this Amendment, or consent to any
departure by either party from any such provision, shall be effective unless the
same shall be in writing and signed by the parties to this Amendment, and, in
any case, such amendment, waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      
        
          Cono
Italiano, Inc.

          Amendment
– Lara Mac Inc. Management Services Agreement

          
            

          

        

         

      

    

    (c)           This
Amendment and the rights of the parties hereunder may not be assigned without
the prior written consent of the parties hereto.

     

    (d)           All
controversies arising out of or in connection with this Amendment shall be
finally settled under the Rules of Arbitration of the American Arbitration
Association by a single arbitrator appointed in accordance with the said Rules.
The place of arbitration shall be New York City.  The arbitration
shall be conducted in the English language.  The prevailing party in
any such arbitration shall be awarded reimbursement of any and all fees, costs,
expenses and disbursements incurred with respect to such
arbitration.  The award of any such arbitration may be entered by any
court of competent jurisdiction.  In the event of any doubt regarding
the enforceability of the arbitration provisions herein, this Amendment shall be
governed by, and enforced in accordance with, the laws of the State of New York
(excluding the choice of law principles thereof).  This Amendment
shall inure to the benefit of, and be binding upon, the Parties (including any
present or future subsidiaries of the Parties that are not signatories hereto),
and their respective successors and assigns.

     

    (e)           This
Amendment may be executed in two or more counterparts, and by different parties
on separate counterparts. Each set of counterparts showing execution by all
parties shall be deemed an original, and shall constitute one and the same
instrument.  Delivery of an executed copy of this Amendment by
electronic facsimile transmission or other means of electronic communication
capable of producing a printed copy will be deemed to be execution and delivery
of this Amendment as of the date set forth on the signature page of this
Amendment.

     

    (f)           The
waiver by any party of any breach of this Amendment shall not operate as or be
construed to be a waiver by such party of any subsequent breach.

     

    [Signature
Page Follows]

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      Cono
Italiano, Inc.

      Amendment
– Lara Mac Inc. Management Services Agreement

      
        

      

       

    

    IN WITNESS WHEREOF, the parties have
caused this Amendment to be executed and delivered as of this 6th day of
November, 2009 by their duly authorized officers as set forth
below.

     

    
      
        	LARA MAC INC.	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Mitchell
      Brown	 
	 	 	Name:
      Mitchell Brown	 
	 	 	Title: Chief
      Executive Officer	 

      

    

     

     

    
      
        
          	 CONO ITALIANO, INC. (A NEVADA
      CORPORATION)	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Alex
      J. Kaminski	 
	 	 	Name:
      Alex J. Kaminski	 
	 	 	Title: Chief
      Financial Officer	 

        

      

       

       

    

    
      
        
          	CONO ITALIANO, INC. (A DELAWARE
      CORPORATION)	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Mitchell
      Brown	 
	 	 	Name:
      Mitchell Brown	 
	 	 	Title: Chief
      Executive Officer	 

        

      

       

       

      
        
          
          

        

        
          4Exhibit
10.1

    (English
Translation)

    Loan
Agreement

    

    THIS LOAN
AGREEMENT, dated July 25, 2009, made in Changshu, People’s Republic of China
(“China”) by and between:

    Lender
(Party A): Lifang Chen

    Borrower
(Party B): Sutor Technology Group Limited

    Address:
No 8, Huaye Road, Dongbang Industrial Park

    Changshu,
China 215534.

    

    Background

    

           WHEREAS,
Party B desires to receive funds for its business activities; and Party A
desires to provide Party B with a loan in the amount of $200,000. Party A and
Party B enter into this Loan Agreement (this "Agreement") on the principle of
equality and mutual benefit.

    

    ARTICLE
I

    AMOUNT
AND TERM OF LOAN

    

            1.1.
Party A agrees, subject to the terms and conditions of this Agreement, to extend
a loan in the aggregate amount of $200,000, with an interest rate of 2% per year
payable at maturity, to Party B (the "Loan"). In case of applicable law requires
adjustment of the interest rate, the parties shall adjust the interest rate
accordingly after friendly negotiation.

    

          1.2.
The term of the Loan shall be one year, commencing from the execution date
hereof, that is, from July 25, 2009 until July 25, 2010.

    

            1.3.
Party B shall repay, in full and in cash, Party A the Loan and interest accrued
from the date Party A disburses the Loan up to but not including the payment
date within 15 days after the maturity date. Party B may request extension of
the Loan by submitting a request to Party A at least 60 day before the maturity
date. The terms of the extension of the Loan shall be based on friendly
negotiation by both sides.

    

    ARTICLE
II

    METHOD
OF BORROWING AND USE OF LOAN PROCEEDS

    

           2.1
Within 5 business days after execution of this Agreement, Party A shall make
available to Party B the full amount of the Loan to the account designated by
Party B.

    

           2.2
Party B shall not use such Loan for any purposes in violation of Chinese laws
and regulations, otherwise Party A may at any time require Party B to repay the
Loan.

    

    ARTICLE
III

    PARTY
A's REPRESENTATIONS AND WARRANTIES

    

       Party
A hereby represents and warrants to Party A that:

    

            3.1.
Party A is a legal citizen of the People's Republic of China, has all the
necessary rights, power and capability to enter into an perform all the duties
and obligations hereunder, and that this Agreement shall be binding upon Party A
after the execution hereof.

    

    ARTICLE
V

    PARTY
B's REPRESENTATIONS AND WARRANTIES

    

            4.1.
Party B is a company established and existing under the laws of the State of
Nevada, United States of America, and has all the necessary rights, power and
capability to enter into and perform all the duties and obligations hereunder,
and that this Agreement shall be binding upon Party B after the execution
hereof.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    ARTICLE
VI

    BREACH

    

           If
this Agreement or any portion hereof can not be performed due to negligence of
any Party hereto, such Party shall be held liable for breach, and the other
Party shall have the right to terminate this Agreement. If both Parties have
breached, each of Party A and Party B shall be liable to the extent the loss and
damage is caused by such party’s breach.

    

    ARTICLE
VII

    DISPUTE
RESOLUTION

    

           Any
dispute arising out of or in connection with this Agreement shall be settled by
friendly discussions. In case an agreement cannot be reached, any party may
summit the dispute to the court that has the jurisdiction over the matter. The
contract takes effect upon signing by both parties. This agreement cannot
terminate without approval in writing by both parties.

    

    ARTICLE
VIII

    COUNTERPARTS

    

           This
Agreement shall be signed in two originals, each of Party A and Party B shall
hold one original thereof, with the same legal effect, and shall become
effective after being signed by both Parties.

    

    SIGNATURE
PAGE

    

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

    

    Lender
(Party A): Lifang Chen

    

    Date July
25, 2009

    

    Signature: /s/ Lifang
Chen        

    

    Borrower
(Party B): Sutor Technology Group Limited

    

    Date July
25, 2009

    

    Signature:
(seal)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}]]