Document:

Exhibit 10.1 

 

 

 

 

 

 

Financial Leasing Contract

 

 

 

 

 

Contract Number: CC14HZ1303154551

 

 

 

 

 

 

 

Lessor:CMB
Financial Leasing Co., Ltd.

 

 

 

Lessee:
Henan Zhongpin Food Share Co., Ltd.

 

    	Ex. 10.1 - 1

    	 

    

 

Financial
Leasing Contract

 

Contract
Number: CC14HZ1303154551

 

Signing Place: Shanghai

 

Signing Date: March 20,
2013

 

 

 

Party A: CMB
Financial Leasing Co., Ltd.

Address: Suite 9F,
Standard Chartered Bank Building, 201

Century Ave, Pudong
New District, Shanghai City

Legal Representative:
Qingbin Wang

Contact: Yingzhong Cao

Fax:
021 - 6105 9922

 

 

Party B: Henan
Zhongpin Food Share Co., Ltd.

Address:21 Changge Road,
Changge City, Henan Province

Legal Representative - Xianfu
Zhu

Contact - Xiaowei
Zhu

Postcode - 461500

 

Under the principle
of equality, freewill, integrity, mutual benefit and common development, and by friendly consultations, Party A and Party B agree
to reach the following agreement (hereinafter “this agreement” or “this contract” ) to comply with by both,
according to contract law and other related laws and regulations in P.R. China:

 

Part
I Special Clauses

 

		I.	Leased Equipment ( Unit: RMB Yuan)

 

The leased equipment is the
equipment for processing and slaughtering production lines for prepared pork products.

 

Details for the leased equipment
refer to Appendix One of this contract “ Lease back equipment list”, the term “leased equipment” in this
contract refers to the equipment/ assets in Appendix One.

 

The transfer price for the
leased equipment is RMB 274,735,451.41

 

Location of the leased equipment
is the factory in Changge

 

Payment for the transfer price
for the leased equipment : one lump sum

 

    	Ex. 10.1 - 2

    	 

    

 

		II.	Finance Leasing (Unit RMB Yuan)

 

Total of the finance leasing:
RMB 200,000,000.00

 

Leasing term: 48 months after
the payment of the transfer price of the leased equipment

 

Nominal annual leasing rate
: PBOC 3-5 years, benchmark of bank loans: downward 9%

 

Commencement date: the payment
date of the transfer price of the leased equipment

 

First payment: RMB74,735,451.41

 

Nominal equipment price : RMB
1

 

Commission fees: 3.3% of the
total finance leasing value, or RMB 6,600,000

 

Payment for commission fees:
one lump sum

 

Deposit in total: 4% of the
finance leasing value, or RMB 8,000,000

 

Payment for deposit: one lump
sum

 

Payment method of the rent:
equal amount at the end of each period

 

Rent payment period: quarterly

 

		III.	Party A and Party B’ s bank accounts

 

Party A’s
bank account (it is used to receive the rent payment and other payment from Party B)

 

Account name: CMB Financial
Leasing Co., Ltd.

 

Opening bank: Siping Branch,
Shanghai, CMB

 

Account # : 1219 0659 7510
606

 

Party B’s bank account
(it is used to receive the leased equipment transfer price from Party A and other relevant payments from Party A)

 

Account name: Henan Zhongpin
Food Share Company.

 

Opening account:21-century
Zhengzhou branch, CMB

 

Account #: 371902006910901

 

		IV.	Insurance

 

Party B should be responsible
for the insurance of the leased equipment. Whether Party B buys insurance or not, if there is any damage, risk or losses during
the leasing period, Party B will be fully responsible, Party A will not take any responsibilities. The above does not affect any
obligations of Party B under this contract (including but not limited to rent payments and other payments) (this clause supersedes
article ten of the General Clauses )

 

    	Ex. 10.1 - 3

    	 

    

 

		V.	Guarantee

 

Mr. Xianfu Zhu provides
irrevocable guarantee for all the liabilities under this contract, and signs the Irrevocable Guarantee Agreement numbered ZLDBGRZX1303154551.

 

		VI.	Use of Proceeds

 

Use of
proceeds by Party B: to repay bank loans

 

Payment
method: on Party B’s own discretion

 

		VII.	Other Clauses

 

None.

 

The special clauses,
general clauses and relevant appendix are integral part of this contract, have the same legal effect. (if there are conflicts between
special clauses and general clauses, the special clauses shall prevail). Party B confirms it has carefully read and understood
all the special clauses, general clauses and relevant appendix, and signs this contract with its own willingness.

 

 

Party A:
CMB Financial Leasing Co., Ltd.

(corporate seal)

 

 

Party B:
Henan Zhongpin Food Share Co., Ltd.

 

Legal representative
or authorized representative:

 

/s/Xianfu Zhu

(corporate seal)

 

    	Ex. 10.1 - 4

    	 

    

 

Part
II: General Clause

 

Article One Definitions

 

In the agreement,
unless there are other prescriptions in context:

 

1.1Commence date:
During the implementation process of this contract, the time a lessor starts to record rent payment by a lessee.

 

1.2Commission
charge: The service charge that a lessee pays to a lessor for the finance leasing service they provide in prior period.

 

1.3Claim: During
the process of contract implementation, for the actual loss made not by their own fault, or resulted from the circumstances of
that the opposing party should take responsibility pursuant to law and regulations, one party can ask the other for pecuniary compensation
or other liabilities for breach contract.

 

1.4Payment date:
refer to the time of each payment stated in Appendix Three of this contract “rental payment table”, if the payment
date is not a working day, then the payment date should be brought to the next working day

 

1.5 Financing amount:
refer to the actual payment to the leasing party, i.e. equipment leasing payment deducting the first rent payment

 

1.6 Principal: refer
to the balance of the finance leasing payment in this contract

 

1.7 First rent payment:
refer to the payment lessee pays to the lessor on the commencement date,

 

1.8 Leasing deposit:
refer to certain amount of payment by Party B to Party A, for the purpose that Party B takes all the responsibilities as specified
in this contract

 

Article Two Statement and
guarantee

 

2.1The statement
and assurance by Party A

 

2.1.1Party A,
a non-bank financial institution established and existed complying with the law of People’s Republic of China, has independent
legal position and qualification of dealing leaseback operation.

 

2.1.2Party A
guarantees that it is internally authorized corresponding to the subscription and implementation of the contract.

 

2.1.3Party A
carefully reads through the contract and all items of the contract appendix, and wholly understood the meaning of each item and
its implication that sealed contract authentically express. As to the item of responsibility exemption or restriction under the
contract, Party A has reminded Party B to notice in a reasonable way and explained it.

 

2.2The statement
and assurance by Party B

 

2.2.1Party B is
a company established and existed according to the law of People’s Republic of China, has independent legal position and
the capabilities of civil acts and civil liabilities consistent with the business scope specified in its business license.

 

    	Ex. 10.1 - 5

    	 

    

 

2.2.2Party B guarantees
that the sealed contract has obtained corresponding internal authority and permission of relative management department, and has
gone through all necessary procedures according to law.

 

Party B guarantees
to provide Party A with all permission files related to subscription and implementation of the agreement and takes the responsibility
for its authenticity, validity and integrity; Party B has the right to sign this contract and appendix within, and other related
contract or documents.

 

2.2.3Party B guarantees
to compile and provide all financial accounting statements and reports on time based on Party A’s requirements, and is responsible
for its authenticity, validity and integrity.

 

2.2.4Party B promises
that the use of the leased equipment is within the business scope of Party B and will not violate any provision of laws and regulations,
and projects that related to the leased equipment conformed to the laws and regulations and have obtained the approval of relevant
administrative authorities.

 

2.2.5Party B reads
through all articles of the contract and attachments, and fully comprehended its authentic meanings and connotations of various
signed contract files. Party B has certificated the items that exempt or limit Party A’s liability provisions. Party A has
adopted a reasonable manner to bring to Party B’s attention and explained accordingly.

 

2.2.6Party B agrees
Party A to register in the finance lease registration system of Credit Information Center of People's Bank of China after signing
this contract.

 

2.2.7 Party B agrees
under this contract, Party A has the right to check the daily operations of Party B through CMB for the purpose of after-rent management,
and Party B should provide relevant information.

 

Article Three Nature of
Transaction and leased equipment

 

3.1Party
A and Party B will conduct a leaseback according to this contract (or agreement). Party A agrees to purchase Party B’s leasing
facilities, on which Party B promises that they have the lawful property rights and the equipment is without property flaw, and
lease such equipment to Party B for use. Party B agrees to hold a lease and pay rents to Party A based on the agreement.

 

3.2The details
of the leased equipment are in Appendix One of this agreement: leaseback equipment list. ‘Leased equipment’ appeared
in this agreement refers to equipment listed in Appendix One of this agreement: leaseback equipment list.

 

Article Four The acquisition
of leased equipment

 

4.1Party B aims
at leaseback for use and fund raising, taking the way of sales leaseback to sell leased facility or equipment to Party A; on the
basis of the above purposes of Party B, Party A pays the transfer price to buy rented facility which Party B sells to Party A and
gets the ownership.

 

4.2Party B needs
to provide property right certificate and other necessary documents to Party A which proves that the leaseback asset belongs to
Party B.

 

    	Ex. 10.1 - 6

    	 

    

 

4.3Both Party
A and Party B conformably agree that Party B sells the leased equipment in Appendix One to Party A according to the specified leasing
equipment transfer price and way of payment. Party B should make the first rent payment to Party A as specified in this contract
on the commence date. Party A should make the finance leasing payment to Party B (equipment leasing transfer price deducting the
first rent payment ), which is regarded that both Party A and Party B fulfill their obligations in this contract, and Party B should
provide payment receipt to Party A.

 

4.4After the
signatures and seals of the agreement, Party A shall be responsible for the fund to buy leased facility, while Party B shall be
responsible to deliver property document which stated that leased equipment is owned by Party B, and make the insurance of leased
equipment of the contract. Once Party B provides all documents required by Party A, and there is no changes happen to the circumstances
prescribed in those documents, those documents remain in force, or B has made reasonable explanations to changes, Party A shall
pay the transfer price of the leased equipment to Party B. If Party B does not provide relevant documents within one month after
signing this contract, Party A has the right to terminate this contract without paying the leased equipment transfer price, or
to sign another new contract with Party B.

 

4.5Party B should
be responsible for the taxes and all costs occurred owing to transfer of the leased equipment under the contract, and Party B insures
that no VAT or business taxes need to be paid by both parties.

 

4.6 Party B should
strictly abide by the use of the leasing equipment payment, as required by this contract, not violating the laws and regulations
of P.R.China, People’s bank of China and China Bank Regulatory Commission. Party A has the right to supervise and examine
the use of the leasing payment, Party B should provide relevant document sealed copies to Party A.

 

Article Five Delivery,
quality defects and claims of leased equipment

 

5.1On the day when
Party A pays the transfer price of leased equipment to Party B, the leased equipment that Party B rented back from Party A, shall
be deemed that the equipment has delivered over from Party A (lessor) to Party B(lessee) in its good condition, while the ownership
of those equipment has been transferred to Party A. Party B should not raise any objection to the leased equipment.

 

5.2Events, including
but not limited to, delay in delivery, quality defects, and suppliers not fulfilling the warranty obligations, occur to the leased
equipment Party B purchases first and then transfers to Party A, Party B shall bring up a claim to suppliers directly.

 

Article
Six Lease term, lease payment, commission charge, lease deposit and other expenses

 

6.1The lease period
is specified in this contract, starting from the commencement date, the commencement date is the day that Part A pays transfer
price of leased equipment to Party B. rental payment is an equal amount for each term and paid after the term, referred to Appendix
Two "rental payment schedule."

 

Lease term is a fixed
time range. Within this range, both Parties should not pause, or terminate the lease on the lease equipment.

 

6.2After
the confirmation of commence date, Party A should send to Party B Appendix Three “rental payment table”, “rental
payment table” added payment date for each payment upon the “rental payment schedule”. During the validity term
of the contract, Party B should pay rents to Party A strictly according to sum, currency type, time and manner of payment stated
in the contract and Appendix Three “rents payment table”. If the rental payment date is a public-holiday, then Party
B shall pay the rent of current term on previous working day. Party A shall provide invoice to Party B after receiving the rent
of current term from Party B.

 

    	Ex. 10.1 - 7

    	 

    

 

The obligation of
Party B to pay rent and all other payables is unconditional, without impact of any reason. Under this contract Party B shall pay
all payables in full amount to Party A, without any form of reduction and deduction.

 

6.3The renting
interest rate and interest rent under this agreement is confirmed in the special clauses. Within the leasing period, if the benchmark
loan interest rate adjusts, Party A owns the right to adjust the leasing interest rate with accordant direction and same proportion.
When interest rate adjusted, Party A does not need to get consent of Party B in advance, but should give notice to Party B in written
form according to Appendix Four "Rent Adjustment Notice". The rents for periods before the date of interest rate adjustment
as well as the rent for period involves interest rate adjustment remains unchanged, then from the next leasing period, the rental
payment will be collected according to be the adjusted amount, Party B has also agreed to pay the rent to Party A according to
the amount, currency, time, and manner of payment prescribed in "rent adjustment notice". "Rent Adjustment Notice"
is an integral part of this contract.

 

As to the unpaid rents
by Party B, in case interest rate increases, the rate should be adjusted according to new leasing interest rate. If interest rate
falls down, Part B should pay rents according to the original leasing interest rate.

 

6.4Before commencement
date Party B should pay a lump sum of irrevocable commissions to Party A, Party A provides VAT invoice of the same amount.

 

6.5Before commencement
date Party B should pay a lump sum of leasing deposit to Party A. During the process Party B implementing contract, if breach of
contract occurs, Party A owns the right to use leasing deposit to offset: (1) penalty, (2) other expenses, (3) Unpaid rent. At
the same time, Party B shall fill deposit in time in accordance with the notification from Party A. If Party B fails to make up
for margin requirements, Party A has the right to use each subsequent rent Party B pays in priority to make up margin. If there
is no breach of contract happened during contract implementation term, the deposit will offset rents of last or last several periods.

 

6.6Party
B agrees to take the bank account opened in one branch of China Merchants Bank (referred to debit bank) as the designated account
that Party B receives payments from Party A at transfer price as Party A purchase the asset and Party B pays rents to Party A.
Fund in this account should be given priority for rental payment and other payments under this contract.

 

Party B designate
the following bank account to be the appointed account that receives payments from Party A at transfer price as Party A purchase
the asset and Party B pays rents. (Hereinafter referred to "Party B Account"):

 

Party B should deposit
rents sum of the period two days before rents payday. Party B shall authorize issuing bank to transfer due rents from the appointed
account directly to Party A’s account on the date of payments.

 

Party A designate
the following bank account to be the appointed account that receives payments Party B pays to Party A. (Hereinafter referred to
"Party A Account"):

 

    	Ex. 10.1 - 8

    	 

    

 

Prior written notice
shall be given to Party B within 5 working days in the event of changes in bank account designated by Party A.

 

Party A, Party B and
debit Bank will sign a "payment authorization agreement" as Appendix Five of this contract.

 

6.7The transfer
date of the rent transferred from Party B’s Account is regarded as Party B’s pay date.

 

6.8If Party B
pays rents, leasing commission, leasing deposit and other account payable in advance, it is treated as paid in payable date.

 

Article Seven The ownership
and Exercise Right

 

7.1Within the
lease term, though Party B does not need to provide VAT invoice, Party A is the only one who has the ownership of the leased assets.
And the Party A has the right to take approach on lease equipment in ways that Party A deems appropriate to indicate that ownership
of the leasing equipment and rental relations, Party B has the obligation to maintain the clearness and completeness of marks of
the leased equipment.

 

7.2Within the
term of the contract, Party B shall guarantee the ownership and disposition right Party A has on leased equipment, Party B should
not have the following acts which harm the ownership and disposition right Party A has on leased equipment:

 

(1)Modify or
move the leased equipment out of storage locations without obtaining the written consent from Party A;

 

(2)Sublease or
otherwise dispose the leased equipment without obtaining the written consent from Party A;

 

(3)Sold or transfer
the leased equipment to a third party;

 

(4)Set up mortgage,
pledge, lien right or other rights on the leased equipment;

 

(5)Use the leased
equipment as an investment or cooperation conditions to establish a company or other organization;

 

(6)Use the leased
equipment as security for proceeding or compensation for debt;

 

(7)Other actions
that harm the rights of Party A.

 

7.3Within the
lease term, If Party B does not breach the contract; Party A should guarantee the quiet possession of the leased equipment by Party
B .

 

Article Eight The use,
maintenance and repair of the leased equipment

 

8.1Party
B shall assume the obligation to maintain and repair the leased equipment to keep it in a good operational position, and bear the
expenses.

 

8.2Party
B should legally, safely and appropriately use the leased equipment within its business scope in accordance with the equipment’s
design purposes, operating manuals and instructions, included but not limited to developing operation specifications, equipped
with professional operating personnel holding operating certificates.

 

    	Ex. 10.1 - 9

    	 

    

 

8.3Party B should
build maintenance relationship with manufacturers and service providers, equip with professional maintenance organizations and
personnel to conduct routine maintenance, repair and care. Party B cannot stop paying the rent and other payments or terminate
this contract for reason of occurrence of dispute with manufacturers and service providers.

 

8.4During the process
of repair and maintenance to the leased equipment by Party B, if the major components of the leased equipment needs to be changed,
Party B should acquire a written approval from Party A, the replaced and added components, devices and services on leased equipment
due to repair and maintenance should not involve any third party rights; for repair and maintenance purpose, the replaced and added
components, devices and services on the leased equipment automatically become an integral part of the leased equipment, transferred
to Party A for free, the rent will not be adjusted thereby.

 

8.5Party B should
bear all costs and taxes that caused by the leased equipment itself and its setting, storage, use, maintenance, and repair.

 

8.6Within the
lease term, if the leased equipment results in personal injury or property damage, Party B should be responsible for compensation,
and Party A does not bear any liabilities.

 

8.7Within
the lease term, as for any actions of Party B that might damage the leased asset, Party A owns the right to holdback and asks Party
B to take all necessary remedies measure, Party B must take such measure.

 

8.8Within the
lease term, if the leased facility is out of possession of Party B not due to Party A’s fault, Party B should claim its right
actively for getting back the facility. The whole expenses occurred due to claim right should be covered by Party B; and Party
B should continually pay the rent and other payments in full amount on time.

 

8.9Within the
leasing term, Party A reserves the right to check the status of the leased equipment at any time, Party B shall accept, support
and cooperate with on-site inspections of the leased equipment carried out by project management personnel of Party A, and shall
provide record report on the use, maintenance, and care of the equipment as requested by Party A.

 

Article Nine The damage
or destruction risk of the leased facility and treatment

 

9.1The
damage or destruction risk of the leased property, whether it belongs to insurance, or is not within the insurance coverage, Party
B shall be responsible to arrange for repairs and pay the resulting costs, and it has no influence on Party B’s obligation
of rents and other obligations.

 

9.2Once the damage
or destruction of leased asset occurs, Party B should inform Party A in written notice immediately. Party A can choose one of the
following methods. Party B is in charge to deal with it and cover all expenses.

 

9.2.1Recover or
repair the leased equipment to normal condition for use;

 

9.2.2Replace the
alternatives that have the same condition with the leased equipment.

 

9.3If
the damage or destruction degree of the leased equipment is unrecoverable and irreplaceable, Party A is entitled to terminate the
contract in advance.

 

    	Ex. 10.1 - 10

    	 

    

 

At
this point, Party B should pay all due and outstanding rent and other payments, after the above amount is paid, the ownership of
the residual value of the leased equipment is transferred to Party B.

 

Article Ten Insurance

 

10.1From the effective
date of the contract, based on the amount not less than the net book value of the leased equipment from the commencement date,
Party B as insurance applicant, shall insure all risks on leased facility, to take Party A as the first beneficiary and keep it
valid during the contract term, with insurance charge covered by Party B. Party B should provide original or photocopy of insurance
policies/insurance endorsement for Party A’s custody. The insurance company should be acknowledged by Party A. Party B shall
buy appropriate insurance as required by national laws, policies or industry practices at its own costs.

 

Party B should renew
all of the above insurance within the 10 days before the expiration of the insurance policies or insurance contract, and Party
B should provide the original version or copy of the renewal insurance policy / insurance endorsement to Party A in time.

 

If Party B refuses to
fulfill its obligations under the terms of the contract, Party A has the right to insure or renew the insurance on his own. The
expenses are covered by Party B. Within three working days upon receipt of insurance expense list, Party B should remit the corresponding
payments to the Party A Account. If Party B does not pay the insurance fee in time or does not pay in full, Party A is also entitled
to collect the liquidated damages by deducting from the rent and the deposit, which will not affect any other claims by Party A
against Party B.

 

10.2Once the damage
or risk events happen, Party B should inform Party A and insurance company immediately on written notice to conduct inspection
and claim, and provide all the necessary documents and take all necessary measures to ensure Party A receive insurance reimbursement.
In the event of the inspection and claim of determining risks are bungled by Party B’s fault, Party B should be responsible
for claim from Party A.

 

10.3Party A and
Party B should negotiate and arrange the collection and disposal of the insurance fund according to the following principles.

 

10.3.1If non-total
loss occurred, Party B should use insurance fund to offset expenses, , under the premise
of that Party B does not have any default payments to Party A, Party A authorizes Party B to get the insurance, Party B shall use
the collected insurance for repair of equipment and continue using it. The contract continues to be valid.

 

10.3.2If
total loss occurred, Party A has the right to terminate the contract. Party A should use insurance fund based on following order
to offset expenses, liquidated damages, compensation, due and undue rents that Party B owes to Party A. The remnant quits insurance
should be delivered from Party A to Party B. In case that the remnant is not enough, Party B should make up for Party A.

 

10.4Payments delay
on insurance compensation cannot be the reason that Party B should postpone payments to Party A. Party B cannot use insurance claim
right to offset any payment to Party A.

 

10.5If Party B does
not purchase insurance or an accident occurs outside the scope of the insurance coverage, which cause damage to or destruction
of leasing equipment, action will be executed in accordance with Article nine of this contract.

 

    	Ex. 10.1 - 11

    	 

    

 

Article Eleven Guarantee

 

11.1 Under the contractor,
guarantor provides irrevocable guarantee for Party B, details are in the special clauses.

 

11.2 Party B holds
the responsibility to coordinate Party A and guarantor to sign the guarantee contract and provide relevant documents.

 

Article Twelve Disposal of
the leased equipment after expiration of the lease term

 

12.1At
the expiration of leased period, both parties agree that Party B will retain the rental facility at nominal price.

 

12.2When
the rental period expires, Part B has paid all debts on time under the contract (including but not limit to rents, nominal purchase
price of leased property and other payables, etc.), the ownership of the leased property transfers to Party B. Party B agreed to
purchase leased equipment according to the status quo. Since Party B possesses and uses the leased equipment all along, Party A
will not make any statements and assurances on the performance and status of leased equipment.

 

Party A should cooperate
with Party B in handling the transfer procedures of ownership of leased equipment, costs will be borne by Party B.

 

Article Thirteen The disposition
under special circumstances

 

13.1In case of that
one of the following circumstances happened on Party B, Party A owns the right to require Party B to provide appropriate guarantee
within specified period. If Party B cannot provide guarantee within specified period, Party B will be regarded as breach of contract
under this contract.

 

13.1.1State of
operation is deteriorated seriously

 

13.1.2Transfer
property; withdraw the fund in order to avoid debt;

 

13.1.3Lose business
credit, e.g. bankruptcy, business operation interruption, lack of business certificate etc.;

 

13.1.4Lose or might
lose the capability to fulfill debts.

 

13.2In case of there
are some adverse changes on Party A’s creditor’s rights under the contract, informed by Party A , Party B should provide
additional security that satisfies Party A’s requirements. If Party B does not provid security within reasonable period,
Party B will be regarded as breach of the contract.

 

Article Fourteen Notification
and assistance

 

14.1Party B should
carry out the following notification and assistance obligations

 

    	Ex. 10.1 - 12

    	 

    

 

(1)Party B should
provide its quarterly financial report and annual auditing report to Party A within 15 working days after these reports are completed.

 

(2)Party B should
bring forth the record reports on the use, maintenance and repair of leased equipment to Party A within 15 days after the end of
each fiscal year and should be examined for the operational condition by Party A.

 

(3)If Party B changes
registered capital, location, address, business scope or legal representative that was registered in business management department,
Party A should be informed in written notice within seven working days after relevant changes happen.

 

(4)In case of Party
B needs to conduct leasing, contracting operation, joint-stock reform, pool, consolidation, merger, joint venture, separation,
capital reduction, changes in equity ownership, transfer of significant assets and other behaviors that is important enough to
affect the realization of Party A’s rights and interests. Party B should notify Party A at least thirty working days in advance
and obtain Party A’s written approval. Party A has the right to require Party B to take more guarantee approach or pay all
outstanding rents and other payments immediately.

 

(5)In such events
that are harmful to the normal operation of Party B or any other events that might place a significantly adverse influence on fulfilling
the rental payment obligations under this contract happen, including but not limit to significant economic dispute, litigation,
bankruptcy, and financial deterioration, Party B should inform Party A right away.

 

(6)In the event
of that Party B goes out of business, dissolve, shutout and remedy, or business licenses revoked, Party B should inform Party A
in written form within five working days after the occurrence.

 

(7)On the basis
of project and contract management requirement, Party A can ask for working assistance of other aspects from Party B. Party B should
ratify on that.

 

(8)Party B also
bears the responsibility of notification, assistance and confidentiality under this contract.

 

14.2 Party B
should take the following responsibilities of notification and assistance to Party A

 

(1). Business
location or address change, Party B should notify Party A within 15 working days.

 

(2) In the event of
that Party B goes out of business, dissolve, shutout and remedy, or business licenses revoked, Party B should inform Party A in
written form within five working days after the occurrence.

 

(3) Party B also
bears the responsibility of notification, assistance and confidentiality under this contract.

 

14.3 Whereas
any notice given to Party B by the Party A under this contract, if it is through fax or e-mail, once enters into the system of
Party B, shall be deemed to have been served; if notice is by EMS post, after the seventh day of delivery, the written notice will
be deemed as served.

 

    	Ex. 10.1 - 13

    	 

    

 

Article
Fifteen Liability for breach of contract

 

15.1 liability
of Party A for breach of contract

 

15.1.1 If Party B
fails to get the possessing and use right because of Party A’s fault, causing the contract cannot be executed and Party B’s
damages, Party A shall bear the liability

 

15.1.2 If as a result
of Party A’s excuses, Party B can not exercise its ownership towards the leased facility normally, Party A bears the liability
for the loss of Party B.

 

15.2 liability of
Party B for breach of contract

 

15.2.1 If Party B
does not pay leasing commission or provide guarantee based on the contract, Party A can stop the obligations under the contract
for a while; if after a month by reminding Party B, if Party B still does not pay over or provide guarantee, Party A has the right
to terminate the contract. Party B shall be responsible for the loss caused by contract dissolution.

 

15.2.2 If Party B
fails to pay the matured payable rent, fees, rental deposits and other payables specified in this contract, or fails to pay any
fees paid on behalf of Party B by Party A on schedule, Party B shall pay 5/10000 of overdue amounts on a daily basis as liquidated
damages to the Party A until the day of payoff.

 

15.2.3 If Party B
breaks the notification and assistance duty in article 14.1 of this contract, but not seriously enough to harm the credit right
of Party A, Party B should correct it within 5 days after getting the notice from Party A and take remedy measurement. If Party
B refuses to correct or cannot remedy, Party A has the right to request Party B to compensate.

 

15.2.4 Once one of
the following event occurs, Party B is regarded as fundamental breach of contract

 

(1)Party B fails
to pay the rental after 60 days overdue or 90 days cumulatively complying with this contract.

 

(2)Party B does
not provide appropriate guarantee agreed in article 11 of this contract, and still cannot provide within one month after receiving
the notice from Party A;

 

(3)Party B breaks
the article 2.2.4 and article 13 of this contract;

 

(4)In the event
of that Party B has some actions detrimental to the ownership of leased facility of Party A or the leased facility itself stated
in Article 7.2 and 8.7 under the contract, Party B refuse to correct or cannot remedy after getting the notice from Party A;

 

(5)If Party B breaks
the notification and assistance duty in article 14.1.4, 14.1.5, 14.1.6 of this contract, and harms the credit right of Party A
seriously;

 

(6)Party B does
not comply with the use of the funds as required by the contract, and has not taken any remedy within 30 days after notice from
Party A.

 

(7)Any statements,
promises or other written statements related to this contract and its appendix that Party B gives to Party A are proved to be misstatement.

 

(8)Party B fails
to carry out or comply with this contract or other promises or obligations in related agreement, has not taken any remedies within
30 days after receiving the written notice from Party A.

 

    	Ex. 10.1 - 14

    	 

    

 

Article Sixteen Remedies
for Breach of Contract

 

16.1 If Party B is
considered as anticipatory breach of contract or a fundamental breach of contract, Party A not only has the right to request Party
B to be responsible for breach of contract and compensate for the losses in accordance with this contract, but also has the right
to take one or more of the following remedies:

 

(1) recourse from
Party B all overdue rental payments, penalty, damages, all outstanding rents and other payables that Party B should pay under this
contract;

 

(2) terminate this
contract before expiration, retrieve or prohibit the use of leased equipment by Party B without going through the judicial process,
and demand Party B to compensate for all resulting losses;

 

(3) force Party B
to fulfill this contract through legal procedings, and demand Party B to compensate Party A for all losses and expenses resulting
from the breach of contract (including legal fees, arbitration fees, lawyer fees and all other costs that occur due to cleanning
up, etc.);

 

(4) take other lawful
remedies.Such above measures taken by Party A will not affect other lawful rights of Party A under this contract, and will not
affect other obligations borne by Party B under this contract in accordance with law.

 

16.2 Party A gets
back the leasing equipment based on article 16.1, methods including but not limited to:

 

(1) take measures
to make the leased equipment out of operation;

 

(2) require Party
B to deliver the well-leased equipment to Party A in accordance with designated time and place, the relevant costs shall be borne
by Party B;

 

(3) Party A or its
agents directly enter into the location of the leased equipment, immediately possess and transfer the leased equipment, the resulting
costs shall be borne by Party B.

 

(4) after retracting
the leased equipment, Party A does no need to renovate or repair the leased equipment, and can dispose them directly, designate
rating agencies by itself, use evaluated price as the value of the leased equipment, or directly sell the leased equipment in accordance
with the status of it when retracted, sale target could be any legal or natural person who needs leased equipment, sales proceeds
will be regarded as the value of leased equipment.

 

16.3 For the proceeds
from the disposal of the leased equipment, Party A is entitled to pay in following order:

 

(1) the full costs
arising from the retrieval, transfer, storage, repair, handling of the leased equipment or the implementation of this contract
by Party A (including attorneys fees, taxes, etc.);

 

(2) all penalty, overdue
rents, outstanding rents and any loss suffered by Party A shall be paid by Party B;

 

(3) any other unpaid
amounts. If proceeds from the disposal are not enough to compensate for the deficient amount, Party B shall compensate for such
deficient amount. If there are proceeds left, it belongs to Party B.

 

    	Ex. 10.1 - 15

    	 

    

 

Article Seventeen Confidential
item

 

Both
parties promise to keep relevant business privacy under the contract, if one party fails to fulfill Confidentiality Obligations
resulting in the disclosure of the contents of this contract, once the breaching party receives written request from non-breaching
party, it should immediately stop any action that violates the contractual obligations, and eliminate any resulting adverse effects
by all means. Otherwise, the non-breaching party has the right to take all reasonable means to eliminate these effects, the defaulting
party shall compensate the entire losses caused to the opposite party, and bear all arising costs.

 

Article Eighteen Force
Majeure

 

18.1 If either party
cannot make its obligations specified under this contract by force majeure, then it should inform the other party in written notice
(no later than 7 days after the force majeure) , explain the details of the force majeure, the losses and relevant documents, and
should take relevant necessary remedies to prevent any more losses.

 

18.2 During the period
of force majeure, the Party who is affected can be exempted from the breach of the contract, in part or in all, but it cannot be
exempted from its obligations in the contract, including but not limit to rent payments.

 

18.3 When the force
majeure finished, the party who is affected should notify the other party. All parties should continue to meet the obligations
specified in this contract and the term of the contract will be extended accordingly.

 

18.4 If the force
majeure continues more than 60 days which seriously affects either party to enforce this contract, then either party has the right
to inform the other party in written notice to terminate this contract, and Party B should pay Party A the payments as required
in Article 9.3 in this contract.

 

Article Nineteen The validation,
alteration, supplement of the contract and transfer of contractual rights

 

19.1 The contract
includes general terms, special terms and appendix. If general terms and special terms are different, the special terms should
be finalized.

 

19.2 The contract becomes
effective once the legal representatives or authorized persons of both Parties seal and sign the contract.

 

19.3 Once the contract
becomes effective, before Party A makes the payment of the leased equipment to Party B, if there is any macro-economy policy change
from the Chinese government, which cause material change in Party A’s business scope/size or in the capital market, then
Party A has the right to negotiate with Party B. and if no agreement comes out 7 days after the negotiation begins, then Party
A has the right to terminate this contract.

 

19.4 Once the contract
becomes effective, if both parties need to modify certain items under the contract or make a complement on unsettled issues, another
complement agreement should be made. The supplement agreement constitutes a part of this contract.

 

    	Ex. 10.1 - 16

    	 

    

 

19.5 During the term
of contract, Party A is entitled to transfer all or part of its rights under the contract to third party on the condition of that
no damage to any contractual rights of Party B.

 

Article Twenty Governing
Law and Disputes Resolution

 

20.1 This contract
is governed and interpreted by PRC laws.

 

20.2 For any dispute
caused by or related to this contract, both parties agree to submit to the People’s Court in Party A’s location.

 

Article Twenty-one Appendixes
to contract

 

The appendixes are
an integral part of the contract, and have the same legal effect as this contract.

 

Appendix One Leaseback
Equipment List

 

Appendix Two Rental
Payment Schedule

 

Appendix Three Rental
Payment Table

 

Appendix Four Rent
Adjustment Notice

 

Appendix Five CMB
Payment Authorization Agreement

 

Article Twenty-two Supplementary
provisions

 

This contract shall
be executed in four counterparts, each of Party A and Party B shall hold two counterparts, all of which shall have the same legal
effect.

 

 

 

(The remainder of this page is intentionally
left blank)

 

 

 

 

 

 

    	Ex. 10.1 - 17

    	 

    

 

The special clauses,
general clauses and relevant appendix are integral part of this contract, have the same legal effect. (if there are conflicts between
special clauses and general clauses, the special clauses shall prevail). Party B confirms it has carefully read and understood
all the special clauses, general clauses and relevant appendix, and signs this contract with its own willingness.

 

 

Party
A: CMB Financial Leasing Co.,Ltd. 

(corporate seal)

 

 

 

Party B: Henan
Zhongpin Food Share Co., Ltd

 

Legal representative
or authorized representative:

 

/s/Xianfu
Zhu 

(corporate seal)

 

    	Ex. 10.1 - 18

    	 

    

 

Appendix
Two

 

Rental
Payment Schedule

 

	Finance Leasing contract #: CC14HZ1303154551	 	Currency: RMB, Unit: Yuan

 

Payment
information

 

	Payment period	principal	interest	tax	total	remarks
	Initial

 installment	74,735,451.41	0.00	0.00	74,735,451.41	First payment, which has been deducted
	2	11,190,854.82	2,488,888.89	423,111.11	14,102,854.82	 
	3	11,353,793.67	2,349,624.91	399,436.23	14,102,854.82	 
	4	11,519,104.90	2,208,333.26	375,416.65	14,102,854.82	 
	5	11,686,823.07	2,064,984.40	351,047.35	14,102,854.82	 
	6	11,856,983.21	1,919,548.38	326,323.22	14,102,854.82	 
	7	12,029,620.89	1,771,994.81	301,239.12	14,102,854.82	 
	8	12,204,772.17	1,622,292.86	275,789.79	14,102,854.82	 
	9	12,382,473.65	1,470,411.26	249,969.91	14,102,854.82	 
	10	12,562,762.47	1,316,318.25	223,774.10	14,102,854.82	 
	11	12,745,676.29	1,159,981.65	197,196.88	14,102,854.82	 
	12	12,931,253.34	1,001,368.79	170,232.69	14,102,854.82	 
	13	13,119,532.39	840,446.52	142,875.91	14,102,854.82	 
	14	13,310,552.78	677,181.23	115,220.81	14,102,854.82	 

 

    	Ex. 10.1 - 19

    	 

    

 

	15	13,504,354.43	511,538.79	86,961.59	14,102,854.82	 
	16	13,700,977.83	343,484.61	58,392.38	14,102,854.82	 
	17	13,900,464.09	172,983.53	29,407.20	14,102,854.82	Deposit will be deemed part of the rental payment
	Rent in total	 	 	 	300,381,128.53	 

 

 

Party
A: CMB Financial Leasing Co., Ltd. 

 

(corporate
seal)

 

Party B: Henan Zhongpin
Food Share Co., Ltd.

 

(
corporate seal)

 

    	Ex. 10.1 - 20Exhibit 10.1

STOCK PURCHASE AGREEMENT

 

dated as of February 27, 2013

 

between

 

MYREXIS, INC.

 

and

 

XSTELOS CORP.

     

STOCK PURCHASE AGREEMENT

 

This STOCK PURCHASE AGREEMENT is made and
entered into as of February 27, 2013 (this “Agreement”) by and between Myrexis, Inc., a Delaware corporation
(the “Company”), and Xstelos Corp., a Texas corporation (the “Investor”).

 

WHEREAS, the parties desire that upon the
terms and subject to the conditions contained herein, the Company shall issue and sell to the Investor, and the Investor shall
purchase from the Company, shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”),
for an aggregate purchase price of $250,000 (the “Purchase Price”).

 

NOW, THEREFORE, in consideration of the
premises, and of the representations, warranties, covenants and agreements set forth herein, the parties agree as follows:

 

ARTICLE I.

 

PURCHASE; CLOSINGS

 

	1.1	Purchase and Sale.

 

	 	(a)	Upon the terms and subject to the conditions set forth in this Agreement, and in reliance upon the representations and warranties hereinafter set forth, the Company shall issue, sell and deliver to the Investor 7,000,000 shares of Common Stock (such number of shares of Common Stock, the “Securities”).

 

	 	(b)	The aggregate consideration to be paid by the Investor for the Securities shall be equal to the Purchase Price, to be paid in the manner and at the times set forth in Section 1.3.

 

	1.2	Closing Conditions. The obligation of the Investor, on the one hand, and the Company, on the other hand, to consummate the Closing is subject to the fulfillment or written waiver by the Investor and the Company prior to the Closing of the following conditions:

 

	 	(a)	no provision of any applicable law or regulation and no judgment, injunction, order or decree shall prohibit the Closing or shall prohibit or restrict the Investor or its Affiliates (as defined below) from owning or voting the Securities in any court, administrative agency or commission or other governmental authority or instrumentality, whether federal, state, local or foreign, or any applicable self-regulatory organization (each, a “Governmental Entity”), seeking to effect any of the foregoing;

 

	 	(b)	The Investor shall have paid to the Company the Purchase Price by wire transfer of immediately available funds to an account designated in writing by the Company;

  

	 	(c)	the Board of Directors shall have taken all necessary action to approve this Agreement and the transactions contemplated hereby, including the acquisition by the Investor of the Securities, for purposes of Section 203 of the Delaware General Corporation Law, and to ensure that the transactions contemplated hereby will be deemed to be exceptions to the provisions of Section 203 of the Delaware General Corporation Law, and that any other similar “moratorium,” “control share,” “fair price,” “takeover” or “interested stockholder” law does not and will not apply to this Agreement or to any of the transactions contemplated hereby;

 

    	1

    	 

    

 

	 	(d)	the Board of Directors has taken all actions necessary to render that certain Tax Benefits Preservation Rights Agreement, dated March 29, 2012, by and between the Company and American Stock Transfer & Trust Company, LLC (the “Rights Plan”) inapplicable to this Agreement and the transactions contemplated hereby, and to permit the ownership by the Investor of the Company’s “stock” (as defined under Section 382 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations thereunder) in an amount up to but not exceeding the lesser of (i) 30% ownership in the Company and (ii) the maximum percentage ownership of Common Stock from time to time such that an ownership change would not have occurred for purposes of Section 382 of the Internal Revenue Code of 1986, as amended (together, the “Ownership Cap”).

 

For purposes of this Agreement, the term “Affiliate”
means, with respect to any Person, any Person directly or indirectly controlling, controlled by or under common control with, such
other Person.  For purposes of this Agreement, the term “Person” has the meaning given to it in Section 3(a)(9)
of the Exchange Act and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act.

 

	1.3	Closing.  The closing of the transactions contemplated hereby shall take place remotely via the electronic exchange of documents and signatures on the date hereof, or at such other place, date or time as may be mutually agreed in writing by the Company and the Investor (the “Closing”).  The date of the Closing is referred to herein as the “Closing Date.”  The parties hereto acknowledge and agree that (i) all proceedings at the Closing shall be deemed to be taken and all documents to be executed and delivered by all parties at the Closing shall be deemed to have been taken and executed simultaneously, and no proceedings shall be deemed taken nor any documents executed or delivered until all have been taken, executed or delivered, and (ii) that the Closing shall be deemed to have taken place at the offices of Olshan Frome Wolosky LLP, 65 East 55th Street, New York, New York 10022, at 9:00 a.m., Eastern time, on the Closing Date.

    

ARTICLE II.

 

REPRESENTATIONS AND WARRANTIES

 

	2.1	Representations and Warranties of the Company.  As used herein, “Previously Disclosed,” with regard to the Company, means information publicly disclosed by the Company in all reports, schedules, forms, statements and other documents required to be filed by the Company under the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, during the twelve months preceding the date hereof  (the foregoing materials, including the exhibits thereto and documents incorporated by reference therein, being collectively referred to herein as the “Company Reports”).  Except as Previously Disclosed, the Company represents and warrants to the Investor, as of the Closing Date (except to the extent made only as of a specified date in which case as of such date), that:

 

	 	(a)	Organization and Authority.  The Company is a corporation duly organized and validly existing under the laws of the State of Delaware, is duly qualified to do business and is in good standing in all jurisdictions where its ownership or leasing of property or the conduct of its business requires it to be so qualified, and has the corporate power and authority to own its properties and assets and to carry on its business as it is now being conducted.  True, correct and complete copies of the Company’s certificate of incorporation (the “Certificate of Incorporation”) and by-laws (the “Company By-Laws”) as in effect on the date of this Agreement have been filed as exhibits to the Company Reports.

 

	 	(b)	Capitalization.  The authorized capital stock of the Company consists of 60,000,000 shares of Common Stock and 5,000,000 shares of preferred stock, par value $.01 per share, of the Company (the “Authorized Preferred Stock”).  As of the close of business on the date hereof there were (not including any shares of Common Stock being issued in connection with this Agreement) 27,479,051 shares of Common Stock outstanding and no shares of Authorized Preferred Stock outstanding.  As of the close of business on the date hereof, no shares of Common Stock or Authorized Preferred Stock were reserved or to be made available for issuance, except for (1) 1,000,000 shares of Authorized Preferred Stock designated as Series A Junior Participating Preferred Stock, par value $.01 per share, reserved or to be made available for issuance upon the exercise of rights granted under the Rights Plan, and (2) 1,179,819 shares of Common Stock reserved or to be made available for issuance upon exercise of options outstanding as of the date hereof.  All of the issued and outstanding shares of Common Stock have been, and all Common Stock to be issued upon exercise of options or warrants outstanding as of the date hereof, and payment of the purchase price with respect thereto, will be, duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights, with no personal liability attaching to the ownership thereof.  No bonds, debentures, notes or other indebtedness having the right to vote on any matters on which the stockholders of the Company may vote (“Voting Debt”) are issued and outstanding.  Other than the Common Stock no capital stock is issued and outstanding.  Except for options to purchase an aggregate of 1,179,819 shares of Common Stock, the Company does not have and is not bound by any outstanding subscriptions, options, warrants, calls, commitments or agreements of any character calling for the purchase or issuance of, or securities or rights convertible into or exchangeable for, any shares of Common Stock or Authorized Preferred Stock or any other equity securities of the Company or Voting Debt or any securities representing the right to purchase or otherwise receive any shares of capital stock of the Company (including any rights plan or agreement).

 

    	2

    	 

    

 

	 	(c)	Authorization.  The Company has the corporate power and authority to enter into this Agreement and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by the Company and the consummation of the transactions contemplated hereby have been duly and unanimously authorized by the Board of Directors.  This Agreement has been duly and validly executed and delivered by the Company and, assuming due authorization, execution and delivery by the Investor, is a valid and binding obligation of the Company enforceable against the Company in accordance with its terms. No vote of the stockholders of the Company or other corporate proceedings is necessary for the execution and delivery by the Company of this Agreement, the performance by it of its obligations hereunder or the consummation by it of the transactions contemplated hereby.

 

	 	(d)	No Conflict.  Neither the execution and delivery by the Company of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Company with any of the provisions hereof, will (A) violate, conflict with, or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration of, or result in the creation of any easement, encroachment, security interest, pledge, mortgage, lien, charge, judgment, claim, encumbrance, proxy, voting trust or voting agreement (each, a “Lien”) upon any of the material properties or assets of the Company under any of the terms, conditions or provisions of (i) the Certificate of Incorporation or Company By-Laws (or similar governing documents) or (ii) any note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which the Company is a party or by which it may be bound, or to which the Company or any of the properties or assets of the Company may be subject, or (B) violate any law, statute, ordinance, rule, regulation, permit, concession, grant, franchise or any judgment, ruling, order, writ, injunction or decree applicable to the Company or any of its properties or assets.

 

	 	(e)	Governmental Filings, Consents and Approvals.  The Company is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any Governmental Entity, and no expiration or termination of any statutory waiting periods is necessary, for the consummation by the execution, delivery and performance by the Company of its obligations under the Agreement other than: (i) as Previously Disclosed; and (ii) such filings as are required to be made under applicable state securities laws.

   

	 	(f)	Reports.  During the Company’s current fiscal year and the two most recently completed fiscal years preceding the date hereof, the Company has timely filed all Company Reports and has paid all fees and assessments due and payable in connection therewith on a timely basis or has received a valid extension of such time of filing and has filed any such Company Reports prior to the expiration of any such extension. As of their respective dates, the Company Reports complied in all material respects with all statutes and applicable rules and regulations of the applicable Governmental Entities.  To the knowledge of the Company, there are no outstanding comments from the SEC or any other Governmental Entity with respect to any Company Report.  In the case of each such Company Report filed with or furnished to the SEC, such Company Report did not, as of its date or if amended, as of the date of such amendment, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements made in it, in light of the circumstances under which they were made, not misleading and complied as to form in all material respects with the applicable requirements of the Securities Act, and the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  With respect to all other Company Reports, the Company Reports were complete and accurate in all material respects as of their respective dates.  No executive officer of the Company has failed in any respect to make the certifications required of him or her under Section 302 or 906 of the Sarbanes-Oxley Act of 2002.

 

	 	(g)	Issuance of the Securities.  The Securities are duly authorized and, when issued and paid for in accordance herewith, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company.  The Company has reserved from its duly authorized capital stock the number of shares of Common Stock issuable pursuant to this Agreement.

 

	 	(h)	Anti-takeover Provisions Not Applicable.  The Board of Directors has taken all necessary action to approve this Agreement and the transactions contemplated hereby, including the acquisition by the Investor of Common Stock, for purposes of Section 203 of the Delaware General Corporation Law that such transactions and agreements will not restrict any future “business combination” involving the Investor as an “interested stockholder” (as each such term is defined in Section 203) and to ensure that the transactions contemplated hereby will be deemed to be exceptions to the provisions of Section 203 of the Delaware General Corporation Law, and that any other similar “moratorium,” “control share,” “fair price,” “takeover” or “interested stockholder” law does not and will not apply to this Agreement or to any of the transactions contemplated hereby.

 

    	3

    	 

    

 

	 	(i)	Rights Plan.  The Board of Directors has taken all actions necessary to render the Rights Plan inapplicable to (i) this Agreement and the transactions contemplated hereby, as well as (ii) any additional acquisition of shares of Common Stock or securities convertible into or exchangeable for shares of Common Stock by Investor; provided that such acquisition would not result in the total number of shares of “stock” of the Company beneficially owned by the Investor exceeding the Ownership Cap.

    

	2.2	Representations and Warranties of the Investor.  The Investor hereby represents and warrants to the Company, as of the Closing Date, that:

 

	 	(a)	Organization and Authority.  The Investor is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, is duly qualified to do business and is in good standing in all jurisdictions where its ownership or leasing of property or the conduct of its business requires it to be so qualified and the Investor has the corporate or other power and authority and governmental authorizations to own its properties and assets and to carry on its business as it is now being conducted.

 

	 	(b)	Authorization. The Investor has the corporate power and authority to enter into this Agreement and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by the Investor and the consummation of the transactions contemplated hereby have been duly and unanimously authorized by all necessary corporate action.  This Agreement has been duly and validly executed and delivered by the Investor and, assuming due authorization, execution and delivery by the Company, is a valid and binding obligation of the Investor enforceable against the Investor in accordance with its terms.

 

	 	(c)	No Conflict.  Neither the execution and delivery by the Investor of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Investor with any of the provisions hereof, will (A) violate, conflict with, or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration of, or result in the creation of any Lien upon any of the material properties or assets of the Investor under any of the terms, conditions or provisions of (i) the certificate of incorporation or By-laws of the Investor or (ii) any note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which the Investor is a party or by which it may be bound, or to which the Investor or any of the properties or assets of the Investor may be subject, or (B) violate any law, statute, ordinance, rule, regulation, permit, concession, grant, franchise or any judgment, ruling, order, writ, injunction or decree applicable to the Investor or any of its properties or assets.

 

	 	(d)	Governmental Filings, Consents and Approvals.  The Investor is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any Governmental Entity, and no expiration or termination of any statutory waiting periods is necessary, for the consummation by the execution, delivery and performance by the Investor of its obligations under the Agreement.

   

	 	(e)	Ownership.  The Investor and its Affiliates are not, and prior to the consummation of the transactions contemplated by this Agreement will not be, the record or beneficial owners of shares of Common Stock or securities convertible into or exchangeable for Common Stock.

 

	 	(f)	Financial Capability.  The Investor currently has or at the Closing will have available funds necessary to consummate the Closing, respectively, on the terms and conditions contemplated by this Agreement.

 

	 	(g)	No Public Sale or Distribution.  The Investor is acquiring the Securities for its own account and not with a view towards, or for resale in connection with, the public sale or distribution thereof, except pursuant to sales registered under the Securities Act of 1933, as amended (the “Securities Act”), or under an exemption from such registration and in compliance with applicable federal and state securities laws, and the Investor does not have a present arrangement to effect any distribution of the Securities to or through any Person.

 

    	4

    	 

    

 

	 	(h)	Investor Status.  The Investor is an “accredited investor” as defined in Rule 501(a) under the Securities Act or a “qualified institutional buyer” as defined in Rule 144A(a) under the Securities Act.  The Investor is not a registered broker dealer registered under Section 15(a) of the Exchange Act, or a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) or an entity engaged in the business of being a broker dealer.  Investor is not affiliated with any broker dealer registered under Section 15(a) of the Exchange Act, or a member of the FINRA or an entity engaged in the business of being a broker dealer.  The Investor is a resident of the following jurisdiction: Delaware.

 

	 	(i)	Experience of Investor. The Investor, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment.  The Investor understands that it may be required to bear the economic risk of its investment in the Securities indefinitely, and is able to bear such risk and is able to afford a complete loss of such investment.

 

	 	(j)	Access to Information.  The Investor acknowledges that it has been afforded: (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Securities and the merits and risks of investing in the Securities; (ii) access to information about the Company and its subsidiaries and its financial condition, results of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the opportunity to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision with respect to the investment.  Investor acknowledges that no representation or warranty regarding the Company, the Securities or the transactions contemplated by this Agreement has been made by or on behalf of the Company other than as specifically set forth in this Agreement.  Investor has solely relied on its examination of the Company Reports and the provisions of this Agreement in deciding to enter into this Agreement and to consummate the transactions contemplated hereby.

    

	 	(k)	Reliance on Exemptions.  The Investor understands that the Securities are being offered and sold to it in reliance on specific exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and the Investor’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of the Investor set forth herein in order to determine the availability of such exemptions and the eligibility of the Investor to acquire the Securities.

 

	 	(l)	Transfer or Resale.  The Investor understands that: (i) the Securities have not been and are not being registered under the Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred to any Person other than an Affiliate unless (A) subsequently registered thereunder, (B) the Investor shall have delivered to the Company an opinion of counsel, in a form reasonably acceptable to the Company, to the effect that such Securities to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from such registration, or (C) the Investor provides the Company with reasonable assurance that such Securities can be sold, assigned or transferred pursuant to Rule 144 promulgated under the Securities Act (or a successor rule thereto); (ii) any sale of the Securities made in reliance on Rule 144 may be made only in accordance with the terms of Rule 144 and further, if Rule 144 is not applicable, any resale of the Securities under circumstances in which the seller (or the Person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the Securities Act) may require compliance with some other exemption under the Securities Act or the rules and regulations of the Securities Exchange Commission thereunder; and (iii) neither the Company nor any other Person is under any obligation to register the Securities under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder.

      

ARTICLE III.

 

COVENANTS

 

	3.1	Company Deliveries. At the Issuance Date, the Company shall issue and deliver to the Investor the Securities and, in connection therewith, the Company shall deliver, or cause to be delivered, as the case may be, to the Investor the following:

 

	 	(a)	a certificate representing the Securities;

 

	 	(b)	an agreement authorizing the Ownership Cap; and

 

	 	(c)	such other certificates, instruments of conveyance or documents as may be reasonably requested by the Investor to carry out the intent and purposes of this Agreement.

 

	3.2	Investor Deliveries.  At the Issuance Date, the Investor shall deliver, or cause to be delivered, as the case may be, to the Company the Purchase Price, and such other certificates or documents as may be reasonably requested by the Company to carry out the intent and purposes of this Agreement.

 

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	3.3	Regulatory Matters.  Each party shall execute and deliver both before and after the Closing, as applicable, such further certificates, agreements and other documents and take such other actions as the other party may reasonably request to consummate or implement the transactions contemplated herein or to evidence such events or matters.  The parties mutually agree that, to the extent any Governmental Entity determines that any provision of this Agreement violates the applicable rules or laws supervised by such Governmental Entity and requests or requires that such provisions be amended or deleted, the parties will negotiate in good faith such revisions to this Agreement as will both give effect to such Governmental Entity’s request and result in the transactions contemplated by this Agreement proceeding as nearly as possible to the full financial and other terms as are contemplated by this Agreement.

 

	3.4	Indemnity.   Subject to the provisions of this Section 3.4, the Company will indemnify and hold Investor and its directors, officers, stockholders, employees and agents (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such title or any other title) (each, a “Indemnified Party”) harmless from any and all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all judgments, amounts paid in settlements, court costs and reasonable attorneys’ fees and costs of investigation that any such Indemnified Party may suffer or incur due to a claim by a third party as a result of or relating to any breach of any of the representations, warranties, covenants or agreements made by the Company in this Agreement.  If any action shall be brought against any Indemnified Party in respect of which indemnity may be sought pursuant to this Agreement, such Indemnified Party shall promptly notify the Company in writing, and the Company shall have the right to assume the defense thereof with counsel of its own choosing reasonably acceptable to the Indemnified Party.  Any Indemnified Party shall have the right to employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party except to the extent that (i) the employment thereof has been specifically authorized by the Company in writing, (ii) the Company has failed after a reasonable period of time to assume such defense and to employ counsel or (iii) in such action there is, in the reasonable opinion of counsel, a material conflict on any material issue between the position of the Company and the position of such Indemnified Party, in which case the Company shall be responsible for the reasonable fees and expenses of no more than one such separate counsel.  The Company will not be liable to any Indemnified Party under this Agreement (y) for any settlement by a Indemnified Party effected without the Company’s prior written consent, which shall not be unreasonably withheld or delayed; or (z) to the extent, but only to the extent that a loss, claim, damage or liability is attributable to any Indemnified Party’s breach of any of the representations, warranties, covenants or agreements made by such Indemnified Party in this Agreement. The Company will have the exclusive right to settle any claim or proceeding,

    

	3.5	Use of Proceeds.  The Company shall use the net proceeds from the sale of the Securities hereunder for working capital purposes.

  

ARTICLE IV.

 

MISCELLANEOUS

 

	4.1	Survival.   The representations and warranties and covenants contained herein shall survive the Closing and the delivery of the Securities.

 

	4.2	Expenses.  Whether or not the transactions contemplated by this Agreement are consummated, and except as otherwise expressly set forth herein, all legal and other costs and expenses incurred in connection with the transactions contemplated by this Agreement shall be paid by the party incurring such expenses.

 

	4.3	Amendment.  No amendment or waiver of any provision of this Agreement will be effective with respect to either party unless made in writing and signed by an officer of a duly authorized representative of such party.  No failure or delay by either party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.  The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

 

	4.4	Waivers.  The conditions to each party’s obligation to consummate the Closing are for the sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by applicable law. No waiver of any party to this Agreement, as the case may be, will be effective unless it is in a writing signed by a duly authorized officer of the waiving party that makes express reference to the provision or provisions subject to such waiver.  No waiver of or failure to insist on strict compliance with any provision hereof shall be deemed a waiver of any other provision hereof.

 

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	4.5	Counterparts and Facsimile.  For the convenience of the parties hereto, this Agreement may be executed in any number of separate counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts will together constitute the same agreement. Executed signature pages to this Agreement may be delivered by facsimile or pdf and such facsimiles or pdf will be deemed as sufficient as if actual signature pages had been delivered.

 

	4.6	Governing Law; Jurisdiction.  This Agreement will be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such State. Each of the Company and the Investor hereby irrevocably and unconditionally consent to submit to the exclusive jurisdiction of the state and federal courts located in the Borough of Manhattan, State of New York for any actions, suits or proceedings arising out of or relating to this Agreement and the transactions contemplated hereby and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding.  Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof.  Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

	4.7	WAIVER OF JURY TRIAL.  EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

	4.8	Notices.  Any notice, request, instruction or other document to be given hereunder by any party to the other will be in writing and will be deemed to have been duly given (a) on the date of delivery if delivered personally or by email or facsimile, upon confirmation of receipt, (b) on the first business day following the date of dispatch if delivered by a recognized next-day courier service, or (c) on the third business day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage prepaid. All notices hereunder shall be delivered as set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice.

     

	 	(a)	If to the Investor:

 

Xstelos Corp.

c/o Xstelos Holdings, Inc.

630 Fifth Avenue, Suite 2260

New York, New York 10020

Attention:  Jonathan M. Couchman

Fax: 646-651-4571

 

	 	(b)	If to the Company:

 

Myrexis, Inc.

c/o Xstelos Holdings, Inc.

630 Fifth Avenue, Suite 2260

New York, New York 10020

Attention:  Jonathan M. Couchman

Fax: 646-651-4571

 

	4.9	Entire Agreement, Etc.  (a) This Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof; and (b) this Agreement will not be assignable by operation of law or otherwise (any attempted assignment in contravention hereof being null and void).

 

	4.10	Captions.  The article, section, paragraph and clause captions herein are for convenience of reference only, do not constitute part of this Agreement and will not be deemed to limit or otherwise affect any of the provisions hereof.

 

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	4.11	Severability.  If any provision of this Agreement or the application thereof to any Person (including, the officers and directors of the Investor and the Company) or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances other than those as to which it has been held invalid or unenforceable, will remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination, the parties shall negotiate in good faith in an effort to agree upon a suitable and equitable substitute provision to effect the original intent of the parties.

 

	4.12	No Third Party Beneficiaries.  Nothing contained in this Agreement, expressed or implied, is intended to confer upon any Person or entity other than the parties hereto, any benefit right or remedies, except that the provisions of Section 3.4 shall inure to the benefit of the Indemnified Parties referred to in that Section.

 

	4.13	Public Announcements.  Subject to each party’s disclosure obligations imposed by law or regulation, each of the parties hereto will cooperate with each other in the development and distribution of all news releases and other public information disclosures with respect to this Agreement and any of the transactions contemplated by this Agreement, and no party hereto will make any such news release or public disclosure without first consulting with the other party hereto and receiving its consent (which shall not be unreasonably withheld or delayed) and each party shall coordinate with the other with respect to any such news release or public disclosure.

   

	4.14	Specific Performance.  The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms.  It is accordingly agreed that the parties shall be entitled to seek specific performance of the terms hereof, without the requirement to post any bond or other security, this being in addition to any other remedies to which they are entitled at law or equity.

  

IN WITNESS WHEREOF, this Agreement has been
duly executed and delivered by the duly authorized officers of the parties hereto as of the date first herein above written.

 

	 	MYREXIS, INC.
	 	 
	 	By:	/s/ Michael C. Pearce
	 	 	Name:	Michael C. Pearce
	 	 	Title:	Director

 

	 	XSTELOS CORP.
	 	 
	 	By:	/s/ Jonathan M. Couchman
	 	 	Name:	Jonathan M. Couchman
	 	 	Title:	President

 

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