Document:

exh10-2.htm

 

Exhibit 10.2

(English Translation from Chinese)

Land Lease Agreement

Party A: Zhucheng City, Huanghua Town, Zupansan Village (Leaser)

Party B: Zhucheng City Ziyang Ceramics Co., Ltd (Leasee)

Due to ceramics production operation needs, Party B leased one lot of barren mountain land from Party A, after thorough consultation, the parties have agreed and signed the following agreement.

1. Land Area

Referencing to the Zhucheng City Land Planning and Design Institute’s Red Line Map, the barren mountain lot totals 203.8 Mu.

2. Lease Period

Period of lease is 50 years, from November 1, 2010 to October 31, 2060.

3. Rental Fee and Payment Method

Party B will pay Party A lease of each Mu of 60,000 RMB, totaling 12,228,000 RMB.

Party A will be responsible for payments to village households. All additional item on land shall be remove by Party A with no additional compensations.

Total of above payment amount: Twelve Million Two Hundred Twenty Eight Thousand RMB (12,228,000 RMB).

All additional items on land shall be cleared within 10 days after the signing of this Agreement, All lease payments shall be paid in full one month with in the signing of this Agreement.

4. Rights and Obligations

a. Party A shall provide convenience to Party B in regards to accessibility, drainage and electricity

b. Payments for the lands used as roads for Party B’s shall be separately consulted by the parties.

c. In the case the land is needed for national planning use, Party B shall unconditionally comply with it, all compensations for additional items on land, compensation for land use during the lease period and settlement payments shall be given to Party B.

d. After the execution of this Agreement, this Agreement shall not be changed or terminated due to the change in legal representative or the party.

e. During the term of the lease, Party A shall not request any payment of fees from Party B with any reason or excuse.

5. Any matters not covered by this Agreement shall be resolved through the parties’ consultation.

This Agreement shall have two copies in the same format, Party A and B shall each hold one copy, the Agreement is effective after signed by both Parties.

Party A: Zhucheng City, Huanghua Town, Zupansan Village

/s/ Peijing Zhang

Party B: Zhucheng city Ziyang Ceramics Co., Ltd

Legal Representative: /s/ Lingbo Chi

2010/11/1

  

  

  

Zhupansan Village Land Map

 

Total Land Area: 203.8 Mu

Survey Date: 2010/10/20exh-con.htm

 

Exhibit 10.3

 

CONSULTING AGREEMENT

This Consulting Agreement (“Agreement”) is made as of this 13th day of June, 2011 by and between China America Holdings, Inc., a Florida corporation (“CAAH” or “Client”), and China Direct Investments, Inc., a Florida company, and Capital One Resource., Ltd., a Brunei company (collectively the “Consultants”).  Client and Consultants may collectively be referred to as the “Parties”. 

W I T N E S S E T H:

            WHEREAS, Client desires to engage the services of Consultants to provide Client with the services as more fully set forth in this Agreement; and

 WHEREAS, Consultants are desirous of performing such services on behalf of Client.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this Agreement, the parties hereto agree as follows: 

	
1.

	
Consulting Services.  Upon the terms and subject to the conditions contained in this Agreement, Consultants hereby agrees that it shall, during the term of this Agreement, undertake the performance of the following services (the “Services”):

	
  

	
a)

	
Identify companies for possible acquisition, merger or combination with an operating entity (“target companies”) and perform business due diligence,  coordinate accounting and legal due diligence related to such target companies; Familiarize itself, to the extent appropriate and feasible, with the business, operations, properties, financial condition, management and prospects of the target companies;

	
  

	
b)

	
Identify, evaluate, structure and provide advice in connection with potential acquisitions,  mergers or combinations with target companies;

	
  

	
c)

	
Consultants shall coordinate the preparation of all required documentation to complete the acquisition of a target company and the filing of all required public disclosures as required by the SEC to complete such transaction; and

	
  

	
d)

	
Provide such other services upon which the Parties may mutually agree.

	
2.

	
Term. The term of this Agreement shall be for a period of 180 days from the date hereof. 

	
3.

	
Consulting Fees. Client shall pay Consultants for providing the Services by paying the Consultants the following (the “Consulting Fees”): (i) $500,000 in cash when CAAH receives its loan payback from Glodenstone Development Limited, and (ii) a number of Client’s shares of its common stock equal to up to 20% of its projected total outstanding shares after giving effect to the number of shares issued to the target company and after any reverse stock split that is contemplated in connection with such transaction (the “Stock Compensation”).  Consultants understand that the Stock Compensation may be paid by Client issuing Consultants a convertible promissory note convertible into shares of Client’s common stock.  Client agrees that the face value of the Convertible Note will be determined as follows:

  

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Face Value = The number of shares included in the Stock Compensation X  the closing price of Client’s common stock on the date of closing  of the acquisition target X  the reverse stock split ratio adopted in connection with the acquisition of a target company.

The Stock Compensation shall be deemed fully earned by Consultants upon the closing of the acquisition of a target company.  The Consulting Fees shall be allocated between the Consultants as follows: Capital One Resources, Ltd. 33.3% and China Direct Investments, Inc. 66.7%.

	
4.

	
Client is responsible for all legal fees, auditing fees, accounting fees required in connection with the acquisition of a target company. Consultants may lend funds to Client to pay expenses necessary in connection with the transaction.

	
5.

	
Warranties. Consultants warrant that the Services to be provided under this Agreement shall be performed by qualified personnel in a professional manner employing reasonable commercial efforts.  This warranty shall be valid for a period of thirty (30) days from the performance of the Services.  Except as specifically provided in this Section 4, Consultants disclaims any and all other warranties with respect to the services provided hereunder, including without limitation any implied warranty of merchantability or fitness for a particular purpose. Consultants do not warrant the results of any services. In addition, Client acknowledges and agrees that Consultants is not engaged in the practice of law or the provision of legal services, and that Client alone is completely and independently responsible for compliance with all state, federal and international laws applicable to Client and the operation of its business.  Consultants’ entire liability to Client (or any other person or entity) for any loss or damages resulting from any breach of this Agreement, claims, demands or actions arising out of or relating to the Services, whether in contract, tort (including negligence) or otherwise, shall not exceed the sum of $5,000.  In no event will Consultants or their affiliates be liable for any damages caused by the Client's action or inaction, or for any indirect, incidental, consequential, special, punitive or exemplary damages or lost profits, including, but not limited to, damages for loss of business profits, business interruption, loss of business information, data, goodwill or other pecuniary loss arising from Consultant’s failure to provide the Services even if Consultants have been advised of the possibility of such damages.  

	
6.

	
Indemnification.  Client agrees to indemnify and hold the Consultants and its subsidiaries and their respective officers, directors, employees and agents and (collectively, the “Consultant Indemnitees”) harmless from all Consultant Indemnified Liabilities.  For this purpose, “Consultant Indemnified Liabilities” shall mean all suits, proceedings, claims, expenses, losses, costs, liabilities, judgments, deficiencies, assessments, actions, investigations, penalties, fines, settlements, interest and damages (including reasonable attorneys’ fees and expenses), whether suit is instituted or not and, if instituted, whether at any trial or appellate level, and whether raised by the parties hereto or a third party, incurred or suffered by the Consultant Indemnitees or any of them arising from, in connection with or as a result of Consultants’ performance of the Services set forth in this Agreement. 

	
7.

	
Termination. Either Party may terminate this Agreement upon thirty (30) days prior written notice to the other Party, but such termination shall not affect the Consulting Fees paid by Client to Consultants pursuant to Section 3 of this Agreement.  All Consulting Fees provided under this Agreement are deemed fully earned by Consultants upon the earlier of: (a) the date provided for elsewhere in this Agreement; or (b) the date of termination.  In the event of a termination of this Agreement, Client shall not be entitled to any refund of any Consulting Fees it paid or agreed to pay to Consultants under this Agreement. From and after termination of this Agreement, the Parties shall continue to be bound by such provisions of this Agreement as by their nature survive such events, including, without limitation, Sections 5 and 11. 

  

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8.

	
Assignment and Subcontractors. This Agreement shall be assignable by Consultants. Client acknowledges that from time to time, Consultants may enlist a subcontractor to perform some of the Services provided to Customer. In the event services to be performed as outlined in this Agreement are subcontracted to a third party, the third party shall accept responsibility for the performance of such activities. Consultants will cease to bear any responsibility related to the performance of subcontracted services; however the Consultants will act as liaison between the subcontractor and Client, to monitor the performance of services to be provided by any third party. 

	
9.

	
Modifications.  This Agreement can only be modified by a written agreement duly signed by persons authorized to sign agreements on behalf of Client and Consultants, and variance from or addition to the terms and conditions of this Agreement or other written notification will be of no effect.  The failure of any Party to enforce any right it is granted herein, or to require the performance by the other Party hereto of any provision of this Agreement, or the waiver by any Party of any breach of this Agreement, shall not prevent a subsequent exercise or enforcement of such provisions or be deemed a waiver of any subsequent breach of this Agreement.  

	
10.

	
Entire Understanding.  This Agreement represents the entire understanding and agreement between the Parties with respect to the subject matter hereof, and merges all prior discussions between them and supersedes and replaces any and every other agreement or understanding which may have existed between the Parties to the extent that any such agreement or understanding relates to providing services to Client. To the extent, if any, that the terms and conditions of Client’s orders or other correspondence are inconsistent with this Agreement, this Agreement shall control. 

	
11.

	
Force Majeure.  No delay, failure or default in performance of any obligation by either Party, excepting all obligations to make payments hereunder, shall constitute a breach of this Agreement to the extent caused by, in whole or in part, the other Party (and within the other party’s reasonable control) or an act of God, war, civil disturbance, terrorist act, court order, labor dispute, or other cause beyond its reasonable control, and such nonperformance will not be a default under this Agreement. 

	
12.

	
Laws, Severability, Venue, Waivers.  The validity of this Agreement and the rights, obligations and relations of the Parties hereunder shall be construed and determined under and in accordance with the laws of the State of Florida, without regard to conflicts of law principles thereunder provided, however, that if any provision of this Agreement is determined by a court of competent jurisdiction to be in violation of any applicable law or otherwise invalid or unenforceable, such provision shall to such extent as it shall be determined to be illegal, invalid or unenforceable under such law be deemed null and void, but this Agreement shall otherwise remain in full force.  Suit to enforce any provision of this Agreement, or any right, remedy or other matter arising therefrom, will be brought exclusively in the state or federal courts located in Broward County, Florida.  Client agrees and consents to venue in Broward County, Florida and to the in personam jurisdiction of these courts and hereby irrevocably waives any right to a trial by jury. 

	
13.

	
Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed, shall constitute an original copy hereof, but all of which together shall consider but one and the same document. 

	
14.

	
Other Activities. Nothing contained herein shall prevent Consultants from acquiring or participating in a transaction of any kind with any other entity proposed by Consultants to be acquired by Client. Such transaction may be acquired at a price and upon terms and conditions more or less favorable than those offered to Client. 

  

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15.

	
Disclaimer. Consultants acknowledge that it has and will during the term of this Agreement, rely upon information provided by Client in connection with the performance of the Services and in accepting the Client’s securities as full or partial payment of the Consulting Fees under this Agreement.

	
16.

	
 Notices. All notices to be given hereunder shall be in writing, with fax notices being an acceptable substitute for mail and/or and delivery to:

	
Consultants:

	
Client:

 

	
China Direct Investments, Inc.

431 Fairway Drive

Deerfield Beach, Florida 33441

Fax: (954) 363-7320

Attn. General Counsel

 

 

Capital One Resource, Ltd.

W635 No 59 Maoming Rd S

Shanghai, China 200020

Fax: 8621-54660916

Attn. Robert Zhuang

	
China America Holdings, Inc.

333 E. Huhua Rd Huating Economic &

Development Area Jiading District,

Shanghai, China  201811

Fax: _______________________

Attn: Shaoying Wang

IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written. 

 

	
Client:

 

China America Holdings, Inc.

 

By: /s/ Shaoying Wang

Name: Shaoying Wang

Title: President

 

	
Consultants:

 

China Direct Investments, Inc.

 

By: /s/ James Wang

Name: James Wang

Title: President

 

 

Capital One Resource, Ltd.

 

By: /s/  Robert Zhuang

Name: Robert Zhuang

Title: General Manager

  

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