Document:

Exclusive Option Agreement

                          Amendment No.1 for

                      Exclusive Option Agreement

                          (English Version)

This Exclusive Option Agreement (the "Agreement") is entered into as of 

December 20, 2010, and amended on April 20, 2011, among the following three parties:

PARTY A: China Complant Group Holding Inc.

Legal Address: 410 S. San Gabriel Blvd., #8; San Gabriel, CA 91776, USA.

PARTY B: Henan Complant Mechanical & Electrical Equipment Group Co., Ltd. 

Legal Address: Floor 12, FuTian Oriental Plaza, HangHai East Road, ZhenZhou, HeNan, 450000, China. 

PARTY C: JianXun Si, Chairman and an authorized person to represent  shareholders of Party B, who collectively own more than 50% of the outstanding equity interests in Party B.

Legal Address: Floor 12, FuTian Oriental Plaza, HangHai East Road, ZhenZhou, HeNan, 450000, China.  

WHEREAS, Party A is a business company incorporated under the laws of 

Nevada, USA;

  

WHEREAS, Party B is a company with exclusively domestic capital registered in the People's Republic of China, and engaged in designing and manufacturing of air separating equipment, and undertaking internationally contracted projects of EPC (Engineering, Procurement and Construction) etc.;

 

WHEREAS, Part A has entered a series of agreements, collectively the 

"Main Agreements", which include "Exclusive Consult and Services Agreement", "Operating Agreement" and "Equity Pledge Agreement", and  "Proxy Agreement", with Part B, or Part B and Part B's shareholders together, concurrently with this Agreement;

 

WHEREAS, Party C represents more than 50% equity interest of Party B and agrees to provide security of pledge over the equity interests for the performance of payment obligations of Party B under the Main Agreements, and Party A agrees to accept such security of pledge, as specified in an Equity Pledge Agreement;

WHEREAS,  "Agreement Letter for Exclusive Option Agreement" as showed in the appendix is an integral part of this Agreement and has the same legal effects as the other parts of the Agreement. Part C will legally represent any shareholder of Part B, who signs the "Agreement Letter for Exclusive Option Agreement", in this Agreement.

NOW THEREFORE, Party A, Part B and Part C through negotiations hereby agree as follows through mutual negotiations:

1.    Stock Option Grant

   

      Part C hereby irrevocably grant to Party A, or one or more persons (each, a "Designee") designated by Part A, an option (the "Stock Option") to purchase, up to the maximum permitted by the laws of The People's Republic of China (the "PRC"), all of the registered capital of Party B now or hereafter 

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owned and held by Party C at any time, in part or in whole, at Party A's sole instruction and at the price described in Article 3 herein. Such Stock Option shall not be entitled to any other person except for Party A and its Designee. Party B hereby agrees to the grant by Party C of the Stock Option to Party A. All the rights of the Stock Option of Party A under this Agreement shall be exclusive and irrevocable.

  

2.   Exercise Stock Option 

     2.1 When signing this Agreement, Party B and Part C shall also execute the "Agreement Letter for Exclusive Option Agreement" according to Appendix attached hereto, and submits all signed documents to Party A for safekeeping.

     2.2 If Party A decides to exercise the Stock Option pursuant to Article 1 hereinabove, it shall send written notice to Party B, which specifies the quantity of the registered capital of Part B to be acquired and identifies the transferee. Party B and Party C shall furnish all materials and documents necessary for the registration of said registered capital transfer within 10 business days after the date of Party A's notice.

3.   Price

				
	 
	3.1

	For Party A to exercise the Option, the purchase price of the Purchased Equity Interest (“Purchase Price”) shall be equal to the original paid-in price of the Purchased Equity Interest by the Transferor, unless the applicable PRC laws and regulations require appraisal of the equity interests or stipulate other restrictions on the purchase price of equity interests. 

	  

	

3.2

	 

If the applicable PRC laws require appraisal of the equity interests or stipulates other restrictions on the purchase price of the Equity Interest at the time that Party A exercise the Option, the Parties agree that the Purchase Price shall be set at the lowest price permissible under the applicable laws. 

     The total purchasing price for the Stock Option shall be the lowest price allowable under the PRC Laws at the time of said purchasing. All the taxes, and other expenses arising from the excising of the Stock Option shall be the sole responsibility of the Party in accordance with the PRC Laws 

4.   Confidentiality

      

     The Agreement itself and relevant materials of this Agreement shall be held confidential by all the Parties and shall not be disclosed to any third party excluding senior officers, directors, shareholders, agents and professional consultants. If any Party is required by PRC Laws or other jurisdictional laws to disclose any information in connection with this Agreement to the public or shareholders, or to file this Agreement with the regulatory authorities involved, that Party shall not be subject to this Article. 

     

     This Article shall survive any amendment, supplementary or termination of this Agreement.

5.    Effective Date And Term

   

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      This Agreement shall come into effect as of the date first present above. The term of this Agreement is ten (10) years, and shall be automatically renewed for additional ten (10) year period upon the initial expiration of the initial term hereof or any renewal term, except earlier termination happens any time as set forth in Article 6 of this Agreement.

 

6.

Termination

     

      During the initial or any renewal term of this Agreement, Party B and Part C shall not elect to terminate this Agreement. Notwithstanding the above stipulation, Party A shall have the right to terminate this Agreement with or without any reason at any time by definitely giving Party B and Part C a written notice thirty days prior to the termination.

7.    Transfer

      7.1 Party B and Part C shall not have the right to transfer any rights and obligations to any third party under this Agreement unless with Party A's prior written consent;

      7.2 This Agreement shall be binding upon Party C and its successors, and also binding upon Party A and its successors.

      7.3 Party A, at any time, may assign all or any of its rights and obligations under this Agreement, to any third party. Where Party A transfers its rights and obligations under the this Agreement, Party B and Part C shall, upon Party A's request, execute agreements concerning said transfer.

8.    Language

      This Agreement is written in both Chinese and English, and executed in Chinese only, and the executed Chinese language Agreement shall prevail in all cases. This Agreement is executed in three originals and each Party holds one original. Each original has the same legal effect. 

9.    Amendments and Supplementary Agreements 

      Parties may negotiate and enter any amendments of this Agreement, or supplementary agreements on matters not agreed upon herein. Any amendments of this Agreement, or supplementary agreements shall be valid only when made in writing and signed by all parties. Any amendments of this Agreement, or supplementary contracts have equal effect as this Agreement.

 

10.   This Agreement shall be governed by, and construed in accordance with the laws of the People's Republic of China.

11.   Settlement of Dispute

   

      The parties shall strive to settle any dispute arising from, out of or in connection with the interpretation or performance of this Agreement through friendly negotiation. In case no settlement can be reached through negotiation within six months, each party can submit such matter to China International Economic and Trade Arbitration Commission (the "CIETAC"). The arbitration shall follow the current rules of CIETAC. The arbitration award shall be final and binding upon the parties and shall be enforceable in accordance with its terms.

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12.   Force Majeure

 

      Force Majeure means any event that is beyond the party's reasonable control and cannot be prevented with reasonable care, such as the acts of nature: earthquake, flood, typhoon, fire, explosion, and acts of governments, war, and acts of terrorism or other civil unrest means. If a Force Majeure event exists and affects the performance of this Agreement, the affected party shall immediately notify the other party by means of telegraph, e-mail or other electronic forms, and shall furnish sufficient evidence in writing of the occurrence of the Force Majeure event within twenty (20) calendar days thereafter. According to the impact of the Force Majeure on the performance of this Agreement, the Parties determine whether to release this Agreement. After the event of Force Majeure is removed, both parties agree to resume performance of this Agreement with their best efforts.  

13.   Capable of Severing 

      Any of the provisions of this Agreement will be deemed as capable of severing in the jurisdiction where it conflicts with the laws in such jurisdiction. The invalid or unenforceable effect of such provision in one jurisdiction should not be affected that in other jurisdictions.

                  

             

                        (A Signature Page Follows)

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                          Signature Page

IN WITNESS WHEREOF the Part A, Part B and Part C hereto have caused this Agreement to be duly executed on their behalf by a duly authorized representative as of the date first written above.

Party A:  China Complant Group Holding Inc.

          

By: /s/ JianXun Si 

JianXun Si

Chairman

Party B: Henan Complant Mechanical & Electrical Equipment Group Co., Ltd.

          

By: /s/ JianXun Si 

JianXun Si

Chairman

Party C:  Shareholders of Part B

By: /s/ JianXun Si 

JianXun Si

An authorized representative of the majority shareholders

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              (An Appendix Page Follows)

Appendix: Form of Agreement Letter for Exclusive Option Agreement

             

              Agreement Letter for Exclusive Option Agreement

                ( English Version, for Reference only )

 

To:

Henan Complant Mechanical & Electrical Equipment Group Co., Ltd. and China Complant Group Holding Inc.

     I, as the shareholder of Henan Complant Mechanical & Electrical Equipment Group Co., Ltd., hereby agree and confirm as follows: 

     

     1. I have read the full text of Option Agreement, and I fully agree to all contents of this agreement.

     2. I assign JianXun Si, Chairman of Henan Complant Mechanical & Electrical Equipment Group Co., Ltd., to represent me with the Common stock shares specified at the bottom of this agreement, together with Henan Complant Mechanical & Electrical Equipment Group Co., Ltd., to sign the Exclusive Option Agreement with China Complant Group Holding Inc.

     3. I agree that other shareholders of Henan Complant Mechanical & Electrical Equipment Group Co., Ltd., ("other shareholders") transfer equity interests of Henan Complant Mechanical & Electrical Equipment Group Co., Ltd., held by them to China Complant Group Holding Inc., or the third party prescribed by China Complant Group Holding Inc.

     4. I agree to waive my preemptive right when the other shareholders transfer their equity interests to China Complant Group Holding Inc., or a third party designated by China Complant Group Holding Inc. 

     5. I agree to sign or provide necessary documents for the purpose of going through the registration of said transfer when the other shareholders transfer their equity interests to China Complant Group Holding Inc., or the third party prescribed by China Complant Group Holding Inc. 

This Agreement Letter shall be effective from the signing date. 

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Signature:                          

Print Name:

Identity Card Number:

Information of Possession of Common Stocks of Henan Complant Mechanical & Electrical Equipment Group Co., Ltd.:

Class of Common Stocks:                  Number of Shares:

Percentage of Voting Power:

Date: December 5, 2010

7SHARE PURCHASE AGREEMENT

                            SHARE PURCHASE AGREEMENT

This Agreement made as of the 16th day of December 2010 (“Agreement”), by and between Andrew Chien, 665 Ellsworth Avenue, New Haven, CT 06511 ("Seller"), and JianXun Si (Chinese name: 司建勋), 9157 Las Tunas Dr., Temple City, CA 91780 ("Purchaser").

                                  WITNESSETH:

WHEREAS, Seller is the record owner and holder of 25,000,000 Common Shares, par value $.0001 par value (the “Shares”), of FangXing Holding Inc, a Nevada corporation ("Corporation”), which has 25,000,000 shares of common stock, issued and outstanding as of the date of this Agreement.  

WHEREAS, Purchaser desires to purchase 24,250,000 of the Shares from Seller, which constitutes 97% of the Corporation’s issued and outstanding shares as of the date of this Agreement and Seller desires to sell such Shares upon the terms and conditions hereinafter set forth;   

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained in this Agreement, and in order to consummate the purchase and sale of the Corporation’s Shares, it is hereby agreed, as follows:

1. PURCHASE AND SALE OF SHARES.  Subject to the terms and conditions of this Agreement, Purchaser agrees to purchase at the Closing and the Seller agrees to sell to Purchaser at the Closing, 24,250,000 of Seller’s Shares for a total price of fifty thousand U.S. dollars (US$50,000) (the “Purchase Price”).

2. CLOSING.  The purchase and sale of the Shares shall take place on or before December 17, 2010.  At Closing, Purchaser shall deliver to Seller, in cash, by wire transfer to an account to be designated by Seller, fifty thousand U.S. dollars, and Seller will immediately deliver the following to Purchaser: (A) the certificates representing the Shares transferred hereunder, duly endorsed for transfer to the Purchaser or accompanied by appropriate stock powers, (B) the original of the Certificate of Incorporation and bylaws, (C) all corporate books and records (including all accounting records and SEC filings to date); and (D) written resignations of incumbent directors and officers of the Corporation.

4. REPRESENTATIONS AND WARRANTIES OF SELLER.  Seller, as sole director and officer of Corporation, hereby represents and warrants to Purchaser that: 

(i) FangXing Holding Inc., is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada and has the corporate power and authority to carry on the business it is now being conducted.  Corporation and/or Seller do not require any consent and/or authorization, declaration or filing with any government or regulatory authority to undertake any actions herein;

(ii) Corporation has filed with the United States Securities and Exchange Commission (‘SEC”) a registration statement on Form 10-12G.

(iii) Corporation has timely filed on all reports required to be filed by it pursuant to Sections 13 and 15 of the Securities Exchange Act of 1934.

 (iv) There are no legal actions, suits, arbitrations, or other administrative, legal or governmental proceedings threatened or pending against the Corporation and/or Seller or against the Seller or other employee, officer, director or stockholder of Corporation.  Additionally, Seller is not aware of any facts 

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which may/might result in or form a basis of such action, suit, arbitration or other proceeding on any basis whatsoever; 

(v) The Corporation has no subsidiaries or any direct or indirect ownership interest in any other corporation, partnership, association, firm or business in any manner;

(vi) The Corporation and/or Seller does not have in effect nor has any present intention to put into effect any employment agreements, deferred compensation, pension retirement agreements or arrangements, options arrangements, bonus, stock purchase agreements, incentive or profit–sharing plans; 

(vii) No person or firm has, or will have, any right, interest or valid claim against the Corporation for any commission, fee or other compensation in connection with the sale of the Shares herein as a finder or broker or in any similar capacity as a result of any act or omission by the Corporation and/or Seller or anyone acting on behalf of the Corporation and/or Seller;

(viii) The business and operation of the Corporation has and will be conducted in accordance with all applicable laws, rules, regulations, and judgments. Neither the execution, delivery or performance of this Agreement (A) violates the Corporation’s by-laws, Certificate of Incorporation, Shareholder Agreements or any existing resolutions; and, (B) will cause the Corporation to lose any benefit or any right or privilege it enjoys under the Securities Act (“Act”) or other applicable state securities laws;  

(ix) Corporation has not conducted any business and/or entered into any agreements with third parties; 

(x) This Agreement has been duly executed and delivered by Seller constitutes a valid and binding instrument, enforceable in accordance with its terms and does not conflict with or result in a breach of or in violation of the terms, conditions or provisions of any agreement, mortgage, lease or other instrument or indenture to which Corporation and/or Seller a party or by which they are bound; 

(xi) Seller is the legal and beneficial owner of the Shares and has good and marketable title thereto, free and clear of any liens, claims, rights and encumbrances;

(xii) Seller warrants that the Corporation being transferred shall be transferred with no liabilities and little or no assets, and shall defend and hold Purchaser and the Corporation harmless against any action by any third party against either of them arising out of, or as a consequence of, any act or omission of Seller or the Corporation prior to, or during the closing contemplated by this contract of sale;

(xiii) Seller will cause all current officers and directors of the Corporation to resign at the Closing.

 

5.REPRESENTATIONS AND WARRANTIES OF PURCHASER.  Purchaser hereby represents and warrants to Seller that:  

(i) Purchaser has the power and authority to execute and deliver this Agreement, to perform his obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by Purchaser and constitutes a valid and binding instrument, enforceable in accordance with its terms;

(ii)The execution, delivery and performance of this Agreement is in compliance with and does not conflict with or result in a breach of or in violation of the terms, conditions or provisions of any agreement, mortgage, lease or other instrument or indenture to which Purchaser is a party or by which Purchaser is bound;

(iii) At no time was Purchaser presented with or solicited by or through any leaflet, public promotional meeting, television advertisement or any other form of general solicitation or advertising; and,

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(iv) Purchaser is purchasing the Shares solely for his own account for the purpose of investment and not with a view to, or for sale in connection with, any distribution of any portion thereof in violation of any applicable securities law;

(v) The Purchaser is an "accredited investor" as defined under Rule 501 under the Securities Act.

(vi) Purchaser hereby agrees that such shares are restricted pursuant to Rule 144 and therefore subject to Rule 144 resale requirements.  

6. NOTICES.  Notice shall be given by certified mail, return receipt requested, the date of notice being deemed the date of postmarking, or the notice could be given by electronic means such as fax or e-mail upon the agreement of both sides. Notice, unless either party has notified the other of an alternative address as provided hereunder, shall be sent to the address as set forth herein:

Seller:

Andrew Chien

President & Director

FangXing Holding Inc.

665 Ellsworth Avenue, New Haven, CT 06511

FAX: 8665716313

Email: jcs23@yahoo.com

Purchaser:

JianXun Si

9157 Las Tunas Dr., Temple City, CA 91780

Fax:

Email: usaweilong@gmail.com

7.GOVERNING LAW.  This Agreement shall be interpreted and governed in accordance with the laws of the State of Nevada. The parties herein waive trial by jury.  In the event that litigation results or arise out of this Agreement or the performance thereof, the parties agree that the prevailing party is entitled to reimbursement for the non-prevailing party of reasonable attorney’s fee, costs, expenses, in addition to any other relief to which the prevailing party may be entitled.

8.CONDITIONS TO CLOSING.  The Closing is conditioned upon the fulfillment by the Seller of the satisfaction of the representations and warranties made herein being true and correct in all material respects as of the date of Closing. 

9.SEVERABILITY.  In the event that any term, covenant, condition, or other provision contained herein is held to be invalid, void or otherwise unenforceable by any court of competent jurisdiction, the invalidity of any such term, covenant, condition, provision or Agreement shall in no way affect any other term, covenant, condition or provision or Agreement contained herein, which shall remain in full force and effect.  

10.ENTIRE AGREEMENT.  This Agreement contains all of the terms agreed upon by the parties with respect to the subject matter hereof. This Agreement has been entered into after full investigation.  

11.INVALIDITY.  If any paragraph of this Agreement shall be held or declared to be void, invalid or illegal, for any reason, by any court of competent jurisdiction, such provision shall be ineffective but shall not in any way 

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invalidate or effect any other clause, Paragraph, section or part of this Agreement.  

12.GENDER AND NUMBER; SECTION HEADINGS.  Words importing a particular gender mean and include the other gender and words importing a singular number mean and include the plural number and vice versa, unless the context clearly indicated to the contrary.  The section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.  

13.AMENDMENTS.  No amendments or additions to this Agreement shall be binding unless in writing, signed by both parties, except as herein otherwise provided.  

14.ASSIGNMENT.  Neither party may assign this Agreement without the express written consent of the other party.  Any agreed assignment by the Seller shall be effectuated by all the necessary corporate authorizations and governmental and/or regulatory filings.

15.CLOSING DOCUMENTS. Seller and Purchaser agree, at any time, to execute, and acknowledge where appropriate, and to deliver any and all documents/instruments, and take such further action, which may necessary to carry out the terms, conditions, purpose and intentions of this Agreement.  This paragraph shall survive the Closing.

16.EXCLUSIVE AGREEMENT; AMENDMENT. This Agreement supersedes all prior agreements or understandings among the parties with respect to its subject matter with respect thereto and cannot be changed or terminated orally.

17. FACSIMILE SIGNATURES. Execution of this Agreement and delivery of signed copies thereof by facsimile signatures from the parties hereto or their agents is acceptable to the parties who waive any objections or defenses based upon lack of an original signature.

18.PUBLICITY. Except as otherwise required by law, none of the parties hereto shall issue any press release or make any other public statement, in each case relating to, connected with or arising out of this Agreement or the matters contained herein, without obtaining the prior approval of the other to the contents and the manner of presentation and publication thereof.

IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have signed this Agreement by their duly authorized officers the day and year first above written.  

/s/  JianXun Si                             Date:__12/17/2010_

_________________________________

 JianXun Si 司建勋(PURCHASER)

/s/____Andrew Chien______________            Date:_ 12/20/2010_(executed)

  Andrew Chien (SELLER)

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