Document:

f8k021710ex10vi_nxt.htm

    
      Exhibit 10.6

      
 

      REGISTRATION
RIGHTS AGREEMENT

      

      This Registration Rights Agreement
(this “Agreement”) is made
and entered into as of February 17, 2010, between NXT Nutritionals Holdings,
Inc., a Delaware corporation (the “Company”), and each
of the several purchasers signatory hereto (each such purchaser, a “Purchaser” and,
collectively, the “Purchasers”).

      

                     This
Agreement is made pursuant to the Securities Purchase Agreement, dated as of the
date hereof, between the Company and each Purchaser (the “Purchase
Agreement”).

      

                     The
Company and each Purchaser hereby agrees as follows:

      

              1. Definitions.

      

                     Capitalized terms used and not
otherwise defined herein that are defined in the Purchase Agreement shall have
the meanings given such terms in the Purchase Agreement. As used in this
Agreement, the following terms shall have the following meanings:

      

                  “Advice” shall have
the meaning set forth in Section 6(d).

      

      “Comment Response
Period” shall have the meaning set forth in Section 2(b).

      

      “Cutback Shares” shall
have the meaning set forth in Section 2(a).

      

      “Effectiveness Date”
means, with respect to the Initial Registration Statement required to be filed
hereunder, the 180th
calendar day following the date hereof and with respect to any additional
Registration Statements which may be required pursuant to Section 3(c), the
60th
calendar day following the date on which an additional Registration Statement is
required to be filed hereunder; provided, however, that in the
event the Company is notified by the Commission that one or more of the above
Registration Statements will not be reviewed or is no longer subject to further
review and comments, the Effectiveness Date as to such Registration Statement
shall be the fifth Trading Day following the date on which the Company is so
notified if such date precedes the dates otherwise required above.

      

      “Effectiveness Period”
shall have the meaning set forth in Section 2(a).

      

      “Event” shall have the
meaning set forth in Section 2(b).

      

      “Event Date” shall
have the meaning set forth in Section 2(b).

      

      
        
          
          

        

        
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      “Filing Date” means,
with respect to the Initial Registration Statement required hereunder, the
30th
calendar day following the date hereof and, with respect to any additional
Registration Statements which may be required pursuant to Section 3(c), the
earliest practical date on which the Company is permitted by SEC Guidance to
file such additional Registration Statement related to the Registrable
Securities.

      

      “Holder” or “Holders” means the
holder or holders, as the case may be, from time to time of Registrable
Securities.

      

      “Indemnified Party”
shall have the meaning set forth in Section 5(c).

      

      “Indemnifying Party”
shall have the meaning set forth in Section 5(c).

      

      “Initial Registration
Statement” means the initial Registration Statement filed pursuant to
this Agreement.

      

      “Initial Shares” means
a number of Registrable Securities equal to the lesser of (a) the total number
of Registrable Securities and (b) one-third of the number of issued and
outstanding shares of Common Stock that are held by non-Affiliates of the
Company on the day immediately prior to the Filing Date of the Initial
Registration Statement.

      

      “Losses” shall have
the meaning set forth in Section 5(a).

      

      “Plan of Distribution”
shall have the meaning set forth in Section 2(a).

      

      “Prospectus” means the
prospectus included in a Registration Statement (including, without limitation,
a prospectus that includes any information previously omitted from a prospectus
filed as part of an effective registration statement in reliance upon Rule 430A
promulgated by the Commission pursuant to the Securities Act), as amended or
supplemented by any prospectus supplement, with respect to the terms of the
offering of any portion of the Registrable Securities covered by a Registration
Statement, and all other amendments and supplements to the Prospectus, including
post-effective amendments, and all material incorporated by reference or deemed
to be incorporated by reference in such Prospectus.

      

      
        
          
          

        

        
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      “Registrable
Securities” means, as of any date of determination, (a) all shares of
Common Stock then issuable upon conversion in full of the Notes (assuming on
such date the Notes are converted in full without regard to any conversion
limitations therein), (b) all Warrant Shares then issuable upon exercise of the
Warrants (assuming on such date the Warrants are exercised in full without
regard to any exercise limitations therein), (c) any additional shares of Common
Stock issuable in connection with any anti-dilution provisions in the Notes or
the Warrants (in each case, without giving effect to any limitations on
conversion set forth in the Notes or limitations on exercise set forth in the
Warrants) and (d) any securities issued or then issuable upon any stock split,
dividend or other distribution,  recapitalization or similar event
with respect to the foregoing; provided, however, that any
such Registrable Securities shall cease to be Registrable Securities (and the
Company shall not be required to maintain the effectiveness of any, or file
another, Registration Statement hereunder with respect thereto) for so long as
(a) a Registration Statement with respect to the sale of such Registrable
Securities is declared effective by the Commission under the Securities Act and
such Registrable Securities have been disposed of by the Holder in accordance
with such effective Registration Statement, (b) such Registrable Securities have
been previously sold in accordance with Rule 144, or (c) such securities become
eligible for resale without volume or manner-of-sale restrictions and without
current public information pursuant to Rule 144 as set forth in a written
opinion letter to such effect, addressed, delivered and acceptable to the
Transfer Agent and the affected Holders (assuming that such securities and any
securities issuable upon exercise, conversion or exchange of which, or as a
dividend upon which, such securities were issued or are issuable, were at no
time held by any Affiliate of the Company, and all Warrants are exercised by
“cashless exercise” as provided in Section 2(c) of each of the Warrants), as
reasonably determined by the Company, upon the advice of counsel to the
Company.

      

      “Registration
Statement” means any registration statement required to be filed
hereunder pursuant to Section 2(a) and any additional registration statements
contemplated by Section 3(c), including (in each case) the Prospectus,
amendments and supplements to any such registration statement or Prospectus,
including pre- and post-effective amendments, all exhibits thereto, and all
material incorporated by reference or deemed to be incorporated by reference in
any such registration statement.

      

       “Rule 415” means Rule
415 promulgated by the Commission pursuant to the Securities Act, as such Rule
may be amended or interpreted from time to time, or any similar rule or
regulation hereafter adopted by the Commission having substantially the same
purpose and effect as such Rule.

      

      “Rule 424” means Rule
424 promulgated by the Commission pursuant to the Securities Act, as such Rule
may be amended or interpreted from time to time, or any similar rule or
regulation hereafter adopted by the Commission having substantially the same
purpose and effect as such Rule.

      

      “Selling Stockholder
Questionnaire” shall have the meaning set forth in Section
3(a).

      

      “SEC Guidance” means
(i) any publicly-available written or oral guidance of the Commission staff, or
any comments, requirements or requests of the Commission staff and (ii) the
Securities Act.

      

              

      
        
          
          

        

        
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        2.    Registration.

      

       

       

      (a) On or
prior to each Filing Date, the Company shall prepare and file with the
Commission a Registration Statement covering the resale of all or such maximum
portion of the Registrable Securities as permitted by SEC Guidance (provided
that, the Company shall use diligent efforts to advocate with the Commission for
the registration of all of the Registrable Securities in accordance with the SEC
Guidance, including without limitation, the Manual of Publicly Available
Telephone Interpretations D.29) that are not then registered on an effective
Registration Statement for an offering to be made on a continuous basis pursuant
to Rule 415.  Each Registration Statement filed hereunder shall be on
Form S-1 and shall contain (unless otherwise directed by at least an 85%
majority in interest of the Holders) substantially the “Plan of Distribution”
attached hereto as Annex A.  Subject to the terms of this Agreement,
the Company shall use its best efforts to cause a Registration Statement filed
hereunder to be declared effective under the Securities Act as promptly as
possible after the filing thereof, but in any event prior to the applicable
Effectiveness Date, and shall use its best efforts to keep such Registration
Statement continuously effective under the Securities Act until all Registrable
Securities covered by such Registration Statement (i) have been sold, thereunder
or pursuant to Rule 144, or (ii) (A) may be sold without volume or
manner-of-sale restrictions pursuant to Rule 144 and (B) (I) may be sold without
the requirement for the Company to be in compliance with the current public
information requirement under Rule 144 or (II) the Company is in compliance with
the current public information requirement under Rule 144, as determined by the
counsel to the Company pursuant to a written opinion letter to such effect,
addressed and acceptable to the Transfer Agent and the affected Holders (the
“Effectiveness Period”).  The Company shall telephonically request
effectiveness of a Registration Statement as of 5:00 p.m. New York City time on
a Trading Day.   The Company shall immediately notify the Holders
via facsimile or by e-mail of the effectiveness of a Registration Statement on
the same Trading Day that the Company telephonically confirms effectiveness with
the Commission, which shall be the date requested for effectiveness of such
Registration Statement.  The Company shall, by 9:30 a.m. New York City
time on the Trading Day after the effective date of such Registration Statement,
file a final Prospectus with the Commission as required by Rule
424.  Failure to so notify the Holder within one (1) Trading Day of
such notification of effectiveness or failure to file a final Prospectus as
foresaid shall be deemed an Event under Section 2(b).  Notwithstanding
any other provision of this Agreement and subject to the payment of liquidated
damages pursuant to Section 2(b), if any SEC Guidance sets forth a limitation on
the number of Registrable Securities permitted to be registered on a particular
Registration Statement (and notwithstanding that the Company used diligent
efforts to advocate with the Commission for the registration of all or a greater
portion of Registrable Securities), unless otherwise directed in writing by a
Holder as to its Registrable Securities, the number of Registrable Securities to
be registered on such Registration Statement will first be reduced by
Registrable Securities represented by Warrant Shares (applied, in the case that
some Warrant Shares may be registered, to the Holders on a pro rata basis based
on the total number of unregistered Warrant Shares held by such Holders), and
second by Registrable Securities represented by Conversion Shares (applied, in
the case that some Conversion Shares may be registered, to the Holders on a pro
rata basis based on the total number of unregistered Conversion Shares held by
such Holders) (the permitted excluded Conversion Shares and Warrant Shares, the
“Cutback Shares”); provided, however, that, prior to any reduction in the number
of Registrable Securities included in a Registration Statement as set forth in
this sentence, all shares of Common Stock set forth on Schedule 6(b) hereto
shall be reduced first. In the event of a cutback hereunder, the Company shall
give the Holder at least five (5) Trading Days prior written notice along with
the calculations as to such Holder’s allotment.

       

      
        
          
          

        

        
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      (b) If: (i)
the Initial Registration Statement is not filed on or prior to its Filing Date
(if the Company files the Initial Registration Statement without affording the
Holders the opportunity to review and comment on the same as required by Section
3(a) herein, the Company shall be deemed to have not satisfied this clause (i)),
or (ii) the Company fails to file with the Commission a request for acceleration
of a Registration Statement in accordance with Rule 461 promulgated by the
Commission pursuant to the Securities Act, within five Trading Days of the date
that the Company is notified (orally or in writing, whichever is earlier) by the
Commission that such Registration Statement will not be “reviewed” or will not
be subject to further review, or (iii) prior to the effective date of a
Registration Statement, the Company fails to file a pre-effective amendment and
otherwise respond in writing to comments made by the Commission in respect of
such Registration Statement within thirty (30) calendar days (the “Comment Response
Period”) after the receipt of comments by or notice from the Commission
that such amendment is required in order for such Registration Statement to be
declared effective, provided, however, if the
termination date of such Comment Response Period falls between February 12, 2010
and March 31, 2010 and as to any comments that are solely financial or
accounting based comments from the Commission, the Comment Response Period shall
be automatically extended to the fifth (5th)
business day after the Company’s filing of its annual report on Form 10-K or
(iv) as to, in the aggregate among all Holders on a pro-rata basis based on
their purchase of the Securities pursuant to the Purchase Agreement, a
Registration Statement registering for resale all of the Initial Shares is not
declared effective by the Commission by the Effectiveness Date of the Initial
Registration Statement, or (v) after the effective date of a Registration
Statement, such Registration Statement ceases for any reason to remain
continuously effective as to all Registrable Securities included in such
Registration Statement, or the Holders are otherwise not permitted to utilize
the Prospectus therein to resell such Registrable Securities, for more than
twenty (20) consecutive calendar days or more than an aggregate of thirty (30)
calendar days (which need not be consecutive calendar days) during any 12-month
period, or (vi) the Company shall fail for any reason to satisfy the current
public information requirement under Rule 144 as to the applicable Registrable
Securities (any such failure or breach being referred to as an “Event”, and for
purposes of clauses (i), (iv), and (vi), the date on which such Event occurs,
and for purpose of clause (ii) the date on which such five (5) Trading Day
period is exceeded, and for purpose of clause (iii) the date which such thirty
(30) calendar day period is exceeded, and for purpose of clause (v) the date on
which such twenty (20) or thirty (30) calendar day period, as applicable, is
exceeded being referred to as “Event Date”), then,
in addition to any other rights the Holders may have hereunder or under
applicable law, (A) on each such Event Date, the Company shall pay to each
Holder an amount in cash, as partial liquidated damages and not as a penalty,
equal to 0.5% of the aggregate purchase price paid by such Holder pursuant to
the Purchase Agreement for any unregistered Registrable Securities then held by
such Holder and (B) on each monthly anniversary of each such Event Date (if the
applicable Event shall not have been cured by such date) until the applicable
Event is cured, the Company shall pay to each Holder an amount in cash, as
partial liquidated damages and not as a penalty, equal to 1.0% of the aggregate
purchase price paid by such Holder pursuant to the Purchase Agreement for any
unregistered Registrable Securities then held by such Holder.  The
parties agree that (1) the Company shall not be liable for liquidated damages
under this Agreement with respect to any unexercised Warrants, Warrant Shares or
any Cutback Shares and (2) the maximum aggregate liquidated damages payable to a
Holder under this Agreement shall be 6.0% of the aggregate Subscription Amount
paid by such Holder pursuant to the Purchase Agreement.  If the
Company fails to pay any partial liquidated damages pursuant to this Section in
full within seven days after the date payable, the Company will pay interest
thereon at a rate of 12% per annum (or such lesser maximum amount that is
permitted to be paid by applicable law) to the Holder, accruing daily from the
date such partial liquidated damages are due until such amounts, plus all such
interest thereon, are paid in full. The partial liquidated damages pursuant to
the terms hereof shall apply on a daily pro rata basis for any portion of a
month prior to the cure of an Event.

      

      
        
          
          

        

        
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      3.  Registration
Procedures.

      

                     In
connection with the Company’s registration obligations hereunder, the Company
shall:

      

      (a) Not less
than three (3) Trading Days prior to the filing of each Registration Statement
and not less than one (1) Trading Day prior to the filing of any related
Prospectus or any amendment or supplement thereto (including any document that
would be incorporated or deemed to be incorporated therein by reference), the
Company shall (i) furnish to each Holder copies of all such documents proposed
to be filed, which documents (other than those incorporated or deemed to be
incorporated by reference) will be subject to the review of such Holders, and
(ii) cause its officers and directors, counsel and independent registered public
accountants to respond to such inquiries as shall be necessary, in the
reasonable opinion of respective counsel to each Holder, to conduct a reasonable
investigation within the meaning of the Securities Act. The Company shall not
file a Registration Statement or any such Prospectus or any amendments or
supplements thereto to which the Holders of a majority of the Registrable
Securities shall reasonably object in good faith, provided that, the Company is
notified of such objection in writing no later than three (3) Trading Days after
the Holders have been so furnished copies of a Registration Statement or one (1)
Trading Day after the Holders have been so furnished copies of any related
Prospectus or amendments or supplements thereto. Each Holder agrees to furnish
to the Company a completed questionnaire in the form attached to this Agreement
as Annex B (a
“Selling Stockholder
Questionnaire”) on a date that is not less than two (2) Trading Days
prior to the Filing Date or by the end of the fourth (4th)
Trading Day following the date on which such Holder receives draft materials in
accordance with this Section.

      

      (b) (i)
Prepare and file with the Commission such amendments, including post-effective
amendments, to a Registration Statement and the Prospectus used in connection
therewith as may be necessary to keep a Registration Statement continuously
effective as to the applicable Registrable Securities for the Effectiveness
Period and prepare and file with the Commission such additional Registration
Statements in order to register for resale under the Securities Act all of the
Registrable Securities, (ii) cause the related Prospectus to be amended or
supplemented by any required Prospectus supplement (subject to the terms of this
Agreement), and, as so supplemented or amended, to be filed pursuant to Rule
424, (iii) respond as promptly as reasonably possible to any comments received
from the Commission with respect to a Registration Statement or any amendment
thereto and provide as promptly as reasonably possible to the Holders true and
complete copies of all correspondence from and to the Commission relating to a
Registration Statement (provided that, the Company may excise any information
contained therein which would constitute material non-public information as to
any Holder which has not executed a confidentiality agreement with respect
thereto with the Company), and (iv) comply in all material respects with the
applicable provisions of the Securities Act and the Exchange Act with respect to
the disposition of all Registrable Securities covered by a Registration
Statement during the applicable period in accordance (subject to the terms of
this Agreement) with the intended methods of disposition by the Holders thereof
set forth in such Registration Statement as so amended or in such Prospectus as
so supplemented.

      

      
        
          
          

        

        
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      (c) If during
the Effectiveness Period, the number of Registrable Securities at any time
exceeds 100% of the number of shares of Common Stock then registered in a
Registration Statement, then the Company shall file as soon as reasonably
practicable, but in any case prior to the applicable Filing Date, an additional
Registration Statement covering the resale by the Holders of not less than the
number of such Registrable Securities but subject to any limitation pursuant to
SEC Guidance.

      

      (d) Notify
the Holders of Registrable Securities to be sold (which notice shall, pursuant
to clauses (iii) through (vi) hereof, be accompanied by an instruction to
suspend the use of the Prospectus until the requisite changes have been made) as
promptly as reasonably possible (and, in the case of (i)(A) below, not less than
one (1) Trading Day prior to such filing) and (if requested by any such Person)
confirm such notice in writing no later than one (1) Trading Day following the
day (i)(A) when a Prospectus or any Prospectus supplement or post-effective
amendment to a Registration Statement is proposed to be filed, (B) when the
Commission notifies the Company whether there will be a “full review” or
“limited review” of such Registration Statement and whenever the Commission
comments in writing on such Registration Statement, and (C) with respect to a
Registration Statement or any post-effective amendment, when the same has become
effective, (ii) of any request by the Commission or any other federal or state
governmental authority for amendments or supplements to a Registration Statement
or Prospectus or for additional information, (iii) of the issuance by the
Commission or any other federal or state governmental authority of any stop
order suspending the effectiveness of a Registration Statement covering any or
all of the Registrable Securities or the initiation of any Proceedings for that
purpose; (iv) of the receipt by the Company of any notification with respect to
the suspension of the qualification or exemption from qualification of any of
the Registrable Securities for sale in any jurisdiction, or the initiation or
threatening of any Proceeding for such purpose, (v) of the occurrence of any
event or passage of time that makes the financial statements included in a
Registration Statement ineligible for inclusion therein or any statement made in
a Registration Statement or Prospectus or any document incorporated or deemed to
be incorporated therein by reference untrue in any material respect or that
requires any revisions to a Registration Statement, Prospectus or other
documents so that, in the case of a Registration Statement or the Prospectus, as
the case may be, it will not contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were
made, not misleading and (vi) of the occurrence or existence of any pending
corporate development with respect to the Company that the Company believes may
be material and that, in the determination of the Company, makes it not in the
best interest of the Company to allow continued availability of a Registration
Statement or Prospectus, provided that, any and all of such information shall
remain confidential to each Holder until such information otherwise becomes
public, unless disclosure by a Holder is required by law; provided, further, that
notwithstanding each Holder’s agreement to keep such information confidential,
each such Holder makes no acknowledgement that any such information is material,
non-public information.

      

      
        
          
          

        

        
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      (e) Use its
best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of
(i) any order stopping or suspending the effectiveness of a Registration
Statement, or (ii) any suspension of the qualification (or exemption from
qualification) of any of the Registrable Securities for sale in any
jurisdiction, at the earliest practicable moment.

      

      (f) Furnish
to each Holder, without charge, at least one conformed copy of each such
Registration Statement and each amendment thereto, including financial
statements and schedules, all documents incorporated or deemed to be
incorporated therein by reference to the extent requested by such Person, and
all exhibits to the extent requested by such Person (including those previously
furnished or incorporated by reference) promptly after the filing of such
documents with the Commission; provided, that any such item which is available
on the EDGAR system (or successor thereto) need not be furnished in physical
form.

      

      (g) Subject
to the terms of this Agreement, the Company hereby consents to the use of such
Prospectus and each amendment or supplement thereto by each of the selling
Holders in connection with the offering and sale of the Registrable Securities
covered by such Prospectus and any amendment or supplement thereto, except after
the giving of any notice pursuant to Section 3(d).

      

      (h)  The
Company shall cooperate with any broker-dealer through which a Holder proposes
to resell its Registrable Securities in effecting a filing with the FINRA
Corporate Financing Department pursuant to FINRA Rule 5110, as requested by any
such Holder, and the Company shall pay the filing fee required by such filing
within two (2) Business Days of request therefor.

      

      (i) Prior to
any resale of Registrable Securities by a Holder, use its commercially
reasonable efforts to register or qualify or cooperate with the selling Holders
in connection with the registration or qualification (or exemption from the
Registration or qualification) of such Registrable Securities for the resale by
the Holder under the securities or Blue Sky laws of such jurisdictions within
the United States as any Holder reasonably requests in writing, to keep each
registration or qualification (or exemption therefrom) effective during the
Effectiveness Period and to do any and all other acts or things reasonably
necessary to enable the disposition in such jurisdictions of the Registrable
Securities covered by each Registration Statement; provided, that, the Company
shall not be required to qualify generally to do business in any jurisdiction
where it is not then so qualified, subject the Company to any material tax in
any such jurisdiction where it is not then so subject or file a general consent
to service of process in any such jurisdiction.

      

      (j) If
requested by a Holder, cooperate with such Holder to facilitate the timely
preparation and delivery of certificates representing Registrable Securities to
be delivered to a transferee pursuant to a Registration Statement, which
certificates shall be free, to the extent permitted by the Purchase Agreement,
of all restrictive legends, and to enable such Registrable Securities to be in
such denominations and registered in such names as any such Holder may
request.

       

      
        
          
          

        

        
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      (k) Upon
the occurrence of any event contemplated by Section 3(d), as promptly as
reasonably possible under the circumstances taking into account the Company’s
good faith assessment of any adverse consequences to the Company and its
stockholders of the premature disclosure of such event, prepare a supplement or
amendment, including a post-effective amendment, to a Registration Statement or
a supplement to the related Prospectus or any document incorporated or deemed to
be incorporated therein by reference, and file any other required document so
that, as thereafter delivered, neither a Registration Statement nor such
Prospectus will contain an untrue statement of a material fact or omit to state
a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading. If the Company notifies the Holders in accordance with
clauses (iii) through (vi) of Section 3(d) above to suspend the use of any
Prospectus until the requisite changes to such Prospectus have been made, then
the Holders shall suspend use of such Prospectus.  The Company will
use its best efforts to ensure that the use of the Prospectus may be resumed as
promptly as is practicable.  The Company shall be entitled to exercise
its right under this Section 3(k) to suspend the availability of a Registration
Statement and Prospectus, subject to the payment of partial liquidated damages
otherwise required pursuant to Section 2(b), for a period not to exceed 60
calendar days (which need not be consecutive days) in any 12-month period.

      

      (l) Comply
with all applicable rules and regulations of the Commission.

      

      (m) The
Company may require each selling Holder to furnish to the Company a certified
statement as to the number of shares of Common Stock beneficially owned by such
Holder and, if required by the Commission, the natural persons thereof that have
voting and dispositive control over the shares. During any periods that the
Company is unable to meet its obligations hereunder with respect to the
registration of the Registrable Securities solely because any Holder fails to
furnish such information within three Trading Days of the Company’s request, any
liquidated damages that are accruing at such time as to such Holder only shall
be tolled and any Event that may otherwise occur solely because of such delay
shall be suspended as to such Holder only, until such information is delivered
to the Company.

      

              4. Registration
Expenses. All fees and expenses incident to the performance of or
compliance with, this Agreement by the Company shall be borne by the Company
whether or not any Registrable Securities are sold pursuant to a Registration
Statement. The fees and expenses referred to in the foregoing sentence shall
include, without limitation, (i) all registration and filing fees (including,
without limitation, fees and expenses of the Company’s counsel and independent
registered public accountants) (A) with respect to filings made with the
Commission, (B) with respect to filings required to be made with any Trading
Market on which the Common Stock is then listed for trading, (C) in compliance
with applicable state securities or Blue Sky laws reasonably agreed to by the
Company in writing (including, without limitation, fees and disbursements of
counsel for the Company in connection with Blue Sky qualifications or exemptions
of the Registrable Securities) and (D) if not previously paid by the Company in
connection with an Issuer Filing, with respect to any filing that may be
required to be made by any broker through which a Holder intends to make sales
of Registrable Securities with FINRA pursuant to FINRA Rule 5110, so long as the
broker is receiving no more than a customary brokerage commission in connection
with such sale, (ii) printing expenses (including, without limitation, expenses
of printing certificates for Registrable Securities), (iii) messenger, telephone
and delivery expenses, (iv) fees and disbursements of counsel for the Company,
(v) Securities Act liability insurance, if the Company so desires such
insurance, and (vi) fees and expenses of all other Persons retained by the
Company in connection with the consummation of the transactions contemplated by
this Agreement.  In addition, the Company shall be responsible for all
of its internal expenses incurred in connection with the consummation of the
transactions contemplated by this Agreement (including, without limitation, all
salaries and expenses of its officers and employees performing legal or
accounting duties), the expense of any annual audit and the fees and expenses
incurred in connection with the listing of the Registrable Securities on any
securities exchange as required hereunder.  In no event shall the
Company be responsible for any broker or similar commissions of any Holder or,
except to the extent provided for in the Transaction Documents, any legal fees
or other costs of the Holders.

      

      
        
          
          

        

        
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              5. 
Indemnification.

      

      (a) Indemnification by the
Company. The Company shall, notwithstanding any termination of this
Agreement, indemnify and hold harmless each Holder, the officers, directors,
members, partners, agents, brokers (including brokers who offer and sell
Registrable Securities as principal as a result of a pledge or any failure to
perform under a margin call of Common Stock), investment advisors and employees
(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) of each of
them, each Person who controls any such Holder (within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act) and the officers,
directors, members, stockholders, partners, agents and employees (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) of each such
controlling Person, to the fullest extent permitted by applicable law, from and
against any and all losses, claims, damages, liabilities, costs (including,
without limitation, reasonable attorneys’ fees) and expenses (collectively,
“Losses”), as
incurred, arising out of or relating to (1) any untrue or alleged untrue
statement of a material fact contained in a Registration Statement, any
Prospectus or any form of prospectus or in any amendment or supplement thereto
or in any preliminary prospectus, or arising out of or relating to any omission
or alleged omission of a material fact required to be stated therein or
necessary to make the statements therein (in the case of any Prospectus or
supplement thereto, in light of the circumstances under which they were made)
not misleading or (2) any violation or alleged violation by the Company of the
Securities Act, the Exchange Act or any state securities law, or any rule or
regulation thereunder, in connection with the performance of its obligations
under this Agreement, except to the extent, but only to the extent, that (i)
such untrue statements or omissions are based solely upon information regarding
such Holder furnished in writing to the Company by such Holder expressly for use
therein, or to the extent that such information relates to such Holder or such
Holder’s proposed method of distribution of Registrable Securities and was
reviewed and expressly approved in writing by such Holder expressly for use in a
Registration Statement, such Prospectus or in any amendment or supplement
thereto (it being understood that the Holder has approved Annex A hereto for
this purpose) or (ii) in the case of an occurrence of an event of the type
specified in Section 3(d)(iii)-(vi), the use by such Holder of an outdated,
defective or otherwise unavailable Prospectus after the Company has notified
such Holder in writing that the Prospectus is outdated, defective or otherwise
unavailable for use by such Holder and prior to the receipt by such Holder of
the Advice contemplated in Section 6(d).  The Company shall notify the
Holders promptly of the institution, threat or assertion of any Proceeding
arising from or in connection with the transactions contemplated by this
Agreement of which the Company is aware.

      

      (b) Indemnification by
Holders. Each Holder shall, severally and not jointly, indemnify and hold
harmless the Company, its directors, officers, agents and employees, each Person
who controls the Company (within the meaning of Section 15 of the Securities Act
and Section 20 of the Exchange Act), and the directors, officers, agents or
employees of such controlling Persons, to the fullest extent permitted by
applicable law, from and against all Losses, as incurred, to the extent arising
out of or based solely upon: (x) such Holder’s failure to comply with the
prospectus delivery requirements of the Securities Act or (y) any untrue or
alleged untrue statement of a material fact contained in any Registration
Statement, any Prospectus, or in any amendment or supplement thereto or in any
preliminary prospectus, or arising out of or relating to any omission or alleged
omission of a material fact required to be stated therein or necessary to make
the statements therein not misleading (i) to the extent, but only to the extent,
that such untrue statement or omission is contained in any information so
furnished in writing by such Holder to the Company specifically for inclusion in
such Registration Statement or such Prospectus or (ii) to the extent that such
information relates to such Holder’s proposed method of distribution of
Registrable Securities and was reviewed and expressly approved in writing by
such Holder expressly for use in a Registration Statement (it being understood
that the Holder has approved Annex A hereto for this purpose), such Prospectus
or in any amendment or supplement thereto or (ii) in the case of an occurrence
of an event of the type specified in Section 3(d)(iii)-(vi), the use by such
Holder of an outdated, defective or otherwise unavailable Prospectus after the
Company has notified such Holder in writing that the Prospectus is outdated,
defective or otherwise unavailable for use by such Holder and prior to the
receipt by such Holder of the Advice contemplated in Section 6(d).  In
no event shall the liability of any selling Holder under this Section 5(b) be
greater in amount than the dollar amount of the net proceeds received by such
Holder upon the sale of the Registrable Securities giving rise to such
indemnification obligation.

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      (c) Conduct of Indemnification
Proceedings. If any Proceeding shall be brought or asserted against any
Person entitled to indemnity hereunder (an “Indemnified Party”),
such Indemnified Party shall promptly notify the Person from whom indemnity is
sought (the “Indemnifying Party”)
in writing, and the Indemnifying Party shall have the right to assume the
defense thereof, including the employment of counsel reasonably satisfactory to
the Indemnified Party and the payment of all fees and expenses incurred in
connection with defense thereof; provided, that, the failure of any Indemnified
Party to give such notice shall not relieve the Indemnifying Party of its
obligations or liabilities pursuant to this Agreement, except (and only) to the
extent that it shall be finally determined by a court of competent jurisdiction
(which determination is not subject to appeal or further review) that such
failure shall have prejudiced the Indemnifying Party.

      

                     An
Indemnified Party shall have the right to employ separate counsel in any such
Proceeding and to participate in the defense thereof, but the fees and expenses
of such counsel shall be at the expense of such Indemnified Party or Parties
unless:  (1) the Indemnifying Party has agreed in writing to pay such
fees and expenses, (2) the Indemnifying Party shall have failed promptly to
assume the defense of such Proceeding and to employ counsel reasonably
satisfactory to such Indemnified Party in any such Proceeding, or (3) the named
parties to any such Proceeding (including any impleaded parties) include both
such Indemnified Party and the Indemnifying Party, and counsel to the
Indemnified Party shall reasonably believe that a material conflict of interest
is likely to exist if the same counsel were to represent such Indemnified Party
and the Indemnifying Party (in which case, if such Indemnified Party notifies
the Indemnifying Party in writing that it elects to employ separate counsel at
the expense of the Indemnifying Party, the Indemnifying Party shall not have the
right to assume the defense thereof and the reasonable fees and expenses of no
more than one separate counsel shall be at the expense of the Indemnifying
Party).  The Indemnifying Party shall not be liable for any settlement
of any such Proceeding effected without its written consent, which consent shall
not be unreasonably withheld or delayed.  No Indemnifying Party shall,
without the prior written consent of the Indemnified Party, effect any
settlement of any pending Proceeding in respect of which any Indemnified Party
is a party, unless such settlement includes an unconditional release of such
Indemnified Party from all liability on claims that are the subject matter of
such Proceeding.

       

      Subject
to the terms of this Agreement, all reasonable fees and expenses of the
Indemnified Party (including reasonable fees and expenses to the extent incurred
in connection with investigating or preparing to defend such Proceeding in a
manner not inconsistent with this Section) shall be paid to the Indemnified
Party, as incurred, within ten Trading Days of written notice thereof to the
Indemnifying Party; provided, that, the Indemnified Party shall promptly
reimburse the Indemnifying Party for that portion of such fees and expenses
applicable to such actions for which such Indemnified Party is judicially
determined not to be entitled to indemnification hereunder.

      

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      (d) Contribution. If the
indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified
Party or insufficient to hold an Indemnified Party harmless for any Losses, then
each Indemnifying Party shall contribute to the amount paid or payable by such
Indemnified Party, in such proportion as is appropriate to reflect the relative
fault of the Indemnifying Party and Indemnified Party in connection with the
actions, statements or omissions that resulted in such Losses as well as any
other relevant equitable considerations. The relative fault of such Indemnifying
Party and Indemnified Party shall be determined by reference to, among other
things, whether any action in question, including any untrue or alleged untrue
statement of a material fact or omission or alleged omission of a material fact,
has been taken or made by, or relates to information supplied by, such
Indemnifying Party or Indemnified Party, and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such
action, statement or omission.  The amount paid or payable by a party
as a result of any Losses shall be deemed to include, subject to the limitations
set forth in this Agreement, any reasonable attorneys’ or other fees or expenses
incurred by such party in connection with any Proceeding to the extent such
party would have been indemnified for such fees or expenses if the
indemnification provided for in this Section was available to such party in
accordance with its terms.

      

                     The
parties hereto agree that it would not be just and equitable if contribution
pursuant to this Section 5(d) were determined by pro rata allocation or by any
other method of allocation that does not take into account the equitable
considerations referred to in the immediately preceding
paragraph.  Notwithstanding the provisions of this Section 5(d), no
Holder shall be required to contribute pursuant to this Section 5(d), in the
aggregate, any amount in excess of the amount by which the net proceeds actually
received by such Holder from the sale of the Registrable Securities subject to
the Proceeding exceeds the amount of any damages that such Holder has otherwise
been required to pay by reason of such untrue or alleged untrue statement or
omission or alleged omission.

      

      The
indemnity and contribution agreements contained in this Section are in addition
to any liability that the Indemnifying Parties may have to the Indemnified
Parties.

      

        
     6.   Miscellaneous.

      

      (a) Remedies.  In
the event of a breach by the Company or by a Holder of any of their respective
obligations under this Agreement, each Holder or the Company, as the case may
be, in addition to being entitled to exercise all rights granted by law and
under this Agreement, including recovery of damages, shall be entitled to
specific performance of its rights under this Agreement.  Each of the
Company and each Holder agrees that monetary damages would not provide adequate
compensation for any losses incurred by reason of a breach by it of any of the
provisions of this Agreement and hereby further agrees that, in the event of any
action for specific performance in respect of such breach, it shall not assert
or shall waive the defense that a remedy at law would be adequate.

      

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      (b) No Piggyback on
Registrations; Prohibition on Filing Other Registration Statements.
Except as set forth on Schedule 6(b)
attached hereto and in connection with transactions contemplated by clause (d)
under Exempt Issuance, neither the Company nor any of its security holders
(other than the Holders in such capacity pursuant hereto) may include securities
of the Company in any Registration Statements other than the Registrable
Securities.  The Company shall not file any other registration
statements until all Registrable Securities are registered pursuant to a
Registration Statement that is declared effective by the Commission, provided
that this Section 6(b) shall not prohibit the Company from filing amendments to
registration statements filed prior to the date of this Agreement.

      

      (c) Compliance. Each
Holder covenants and agrees that it will comply with the prospectus delivery
requirements of the Securities Act as applicable to it in connection with sales
of Registrable Securities pursuant to a Registration Statement.

      

      (d) Discontinued
Disposition.  By its acquisition of Registrable Securities,
each Holder agrees that, upon receipt of a notice from the Company of the
occurrence of any event of the kind described in Section 3(d)(iii) through (vi),
such Holder will forthwith discontinue disposition of such Registrable
Securities under a Registration Statement until it is advised in writing (the
“Advice”) by
the Company that the use of the applicable Prospectus (as it may have been
supplemented or amended) may be resumed.  The Company will use its
best efforts to ensure that the use of the Prospectus may be resumed as promptly
as is practicable.  The Company agrees and acknowledges that any
periods during which the Holder is required to discontinue the disposition of
the Registrable Securities hereunder shall be subject to the provisions of
Section 2(b).

      

      (e) Piggy-Back
Registrations. If, at any time during the Effectiveness Period, there is
not an effective Registration Statement covering all of the Registrable
Securities and the Company shall determine to prepare and file with the
Commission a registration statement relating to an offering for its own account
or the account of others under the Securities Act of any of its equity
securities, other than on Form S-4 or Form S-8 (each as promulgated under the
Securities Act) or their then equivalents relating to equity securities to be
issued solely in connection with any acquisition of any entity or business or
equity securities issuable in connection with the Company’s stock option or
other employee benefit plans, then the Company shall deliver to each Holder a
written notice of such determination and, if within fifteen days after the date
of the delivery of such notice, any such Holder shall so request in writing, the
Company shall include in such registration statement all or any part of such
Registrable Securities such Holder requests to be registered; provided, however, that the
Company shall not be required to register any Registrable Securities pursuant to
this Section 6(e) that are eligible for resale pursuant to Rule 144 promulgated
by the Commission pursuant to the Securities Act or that are the subject of a
then effective Registration Statement.

      

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      (f) Amendments and
Waivers. The provisions of this Agreement, including the provisions of
this sentence, may not be amended, modified or supplemented, and waivers or
consents to departures from the provisions hereof may not be given, unless the
same shall be in writing and signed by the Company and the Holders of 67% or
more of the then outstanding Registrable Securities (including, for this purpose
any Registrable Securities issuable upon exercise or conversion of any
Security).  If a Registration Statement does not register all of the
Registrable Securities pursuant to a waiver or amendment done in compliance with
the previous sentence, then the number of Registrable Securities to be
registered for each Holder shall be reduced pro rata among all Holders and each
Holder shall have the right to designate which of its Registrable Securities
shall be omitted from such Registration Statement. Notwithstanding the
foregoing, a waiver or consent to depart from the provisions hereof with respect
to a matter that relates exclusively to the rights of a Holder or some Holders
and that does not directly or indirectly affect the rights of other Holders may
be given by such Holder or Holders of all of the Registrable Securities to which
such waiver or consent relates; provided, however, that the
provisions of this sentence may not be amended, modified, or supplemented except
in accordance with the provisions of the first  sentence of this
Section 6(f).

      

      (g) Notices. Any and all
notices or other communications or deliveries required or permitted to be
provided hereunder shall be delivered as set forth in the Purchase
Agreement.

      

      (h) Successors and
Assigns. This Agreement shall inure to the benefit of and be binding upon
the successors and permitted assigns of each of the parties and shall inure to
the benefit of each Holder. The Company may not assign (except by merger) its
rights or obligations hereunder without the prior written consent of all of the
Holders of the then outstanding Registrable Securities.  Each Holder
may assign their respective rights hereunder in the manner and to the Persons as
permitted under Section 5.7 of the Purchase Agreement.

      

      (i) No Inconsistent
Agreements. Neither the Company nor any of its Subsidiaries has entered,
as of the date hereof, nor shall the Company or any of its Subsidiaries, on or
after the date of this Agreement, enter into any agreement with respect to its
securities, that would have the effect of impairing the rights granted to the
Holders in this Agreement or otherwise conflicts with the provisions
hereof.  Except as set forth on Schedule 6(i),
neither the Company nor any of its Subsidiaries has previously entered into any
agreement granting any registration rights with respect to any of its securities
to any Person that have not been satisfied in full.

      

      (j) Execution and
Counterparts. This Agreement may be executed in two or more counterparts,
all of which when taken together shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and
delivered to the other party, it being understood that both parties need not
sign the same counterpart.  In the event that any signature is
delivered by facsimile transmission or by e-mail delivery of a “.pdf” format
data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same
force and effect as if such facsimile or “.pdf” signature page were an original
thereof.

      

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      (k) Governing
Law.  All questions concerning the construction, validity,
enforcement and interpretation of this Agreement shall be determined in
accordance with the provisions of the Purchase Agreement.

      

      (l) Cumulative Remedies.
The remedies provided herein are cumulative and not exclusive of any other
remedies provided by law.

      

      (m) Severability. If any
term, provision, covenant or restriction of this Agreement is held by a court of
competent jurisdiction to be invalid, illegal, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired
or invalidated, and the parties hereto shall use their commercially reasonable
efforts to find and employ an alternative means to achieve the same or
substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the
intention of the parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

      

      (n) Headings. The
headings in this Agreement are for convenience only, do not constitute a part of
the Agreement and shall not be deemed to limit or affect any of the provisions
hereof.

      

      (o) Independent Nature of
Holders’ Obligations and Rights. The obligations of each Holder hereunder
are several and not joint with the obligations of any other Holder hereunder,
and no Holder shall be responsible in any way for the performance of the
obligations of any other Holder hereunder. Nothing contained herein or in any
other agreement or document delivered at any closing, and no action taken by any
Holder pursuant hereto or thereto, shall be deemed to constitute the Holders as
a partnership, an association, a joint venture or any other kind of entity, or
create a presumption that the Holders are in any way acting in concert with
respect to such obligations or the transactions contemplated by this Agreement.
Each Holder shall be entitled to protect and enforce its rights, including
without limitation the rights arising out of this Agreement, and it shall not be
necessary for any other Holder to be joined as an additional party in any
proceeding for such purpose.

      

       (Signature
Pages Follow)

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

      

                     IN
WITNESS WHEREOF, the parties have executed this Registration Rights Agreement as
of the date first written above.

       

       

       

      
        
          	NXT NUTRITIONALS HOLDINGS, INC.
      	 
	 	 	 
	
                  By:
      

                	/s/ Francis
    McCarthy	 
	 	Name: 
      Francis McCarthy	 
	 	Title: President
      and CEO	 
	 	 	 

        

      

      

      
 

      

      [SIGNATURE
PAGE OF HOLDERS FOLLOWS]

      

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      [SIGNATURE
PAGE OF HOLDERS TO NXTH RRA]

      

      

      Name of
Holder: __________________________

      

      Signature of Authorized Signatory of
Holder: __________________________

      

      Name of
Authorized Signatory: _________________________

      

      Title of
Authorized Signatory: __________________________

      

      

      

      [SIGNATURE
PAGES CONTINUE]

      

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

      Annex A

      

      Plan of
Distribution

      

      Each
Selling Stockholder (the “Selling
Stockholders”) of the common stock and any of their pledgees, assignees
and successors-in-interest may, from time to time, sell any or all of their
shares of common stock covered hereby on the principal Trading Market or any
other stock exchange, market or trading facility on which the shares are traded
or in private transactions.  These sales may be at fixed or negotiated
prices.  A Selling Stockholder may use any one or more of the
following methods when selling shares:

       

      
        	
                ·  

              	
                ordinary
      brokerage transactions and transactions in which the broker-dealer
      solicits purchasers;

              

      

       

      
        	
                ·  

              	
                block
      trades in which the broker-dealer will attempt to sell the shares as agent
      but may position and resell a portion of the block as principal to
      facilitate the transaction;

              

      

       

      
        	
                ·  

              	
                purchases
      by a broker-dealer as principal and resale by the broker-dealer for its
      account;

              

      

       

      
        	
                ·  

              	
                an
      exchange distribution in accordance with the rules of the applicable
      exchange;

              

      

       

      
        	
                ·  

              	
                privately
      negotiated transactions;

              

      

       

      
        	
                ·  

              	
                settlement
      of short sales entered into after the effective date of the registration
      statement of which this prospectus is a
part;

              

      

       

      
        	
                ·  

              	
                in
      transactions through broker-dealers that agree with the Selling
      Stockholders to sell a specified number of such shares at a stipulated
      price per share;

              

      

       

      
        	
                ·  

              	
                through
      the writing or settlement of options or other hedging transactions,
      whether through an options exchange or
  otherwise;

              

      

       

      
        	
                ·  

              	
                a
      combination of any such methods of sale;
or

              

      

       

      
        	
                ·  

              	
                any
      other method permitted pursuant to applicable
  law.

              

      

       

      The
Selling Stockholders may also sell shares under Rule 144 under the Securities
Act of 1933, as amended (the “Securities Act”), if
available, rather than under this prospectus.

       

      Broker-dealers
engaged by the Selling Stockholders may arrange for other brokers-dealers to
participate in sales.  Broker-dealers may receive commissions or
discounts from the Selling Stockholders (or, if any broker-dealer acts as agent
for the purchaser of shares, from the purchaser) in amounts to be negotiated,
but, except as set forth in a supplement to this Prospectus, in the case of an
agency transaction not in excess of a customary brokerage commission in
compliance with FINRA Rule 2440; and in the case of a principal transaction a
markup or markdown in compliance with FINRA IM-2440.

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

      In
connection with the sale of the common stock or interests therein, the Selling
Stockholders may enter into hedging transactions with broker-dealers or other
financial institutions, which may in turn engage in short sales of the common
stock in the course of hedging the positions they assume.  The Selling
Stockholders may also sell shares of the common stock short and deliver these
securities to close out their short positions, or loan or pledge the common
stock to broker-dealers that in turn may sell these securities.  The
Selling Stockholders may also enter into option or other transactions with
broker-dealers or other financial institutions or create one or more derivative
securities which require the delivery to such broker-dealer or other financial
institution of shares offered by this prospectus, which shares such
broker-dealer or other financial institution may resell pursuant to this
prospectus (as supplemented or amended to reflect such
transaction).

       

      The
Selling Stockholders and any broker-dealers or agents that are involved in
selling the shares may be deemed to be “underwriters” within the meaning of the
Securities Act in connection with such sales.  In such event, any
commissions received by such broker-dealers or agents and any profit on the
resale of the shares purchased by them may be deemed to be underwriting
commissions or discounts under the Securities Act.  Each Selling
Stockholder has informed the Company that it does not have any written or oral
agreement or understanding, directly or indirectly, with any person to
distribute the Common Stock. In no event shall any broker-dealer receive fees,
commissions and markups which, in the aggregate, would exceed eight percent
(8%).

       

      The
Company is required to pay certain fees and expenses incurred by the Company
incident to the registration of the shares.  The Company has agreed to
indemnify the Selling Stockholders against certain losses, claims, damages and
liabilities, including liabilities under the Securities Act.

       

      Because
Selling Stockholders may be deemed to be “underwriters” within the meaning of
the Securities Act, they will be subject to the prospectus delivery requirements
of the Securities Act including Rule 172 thereunder.  The Selling
Stockholders have advised us that there is no underwriter or coordinating broker
acting in connection with the proposed sale of the resale shares by the Selling
Stockholders.

       

      We agreed
to keep this prospectus effective until the earlier of (i) the date on which the
shares may be resold by the Selling Stockholders without registration and
without regard to any volume or manner-of-sale limitations by reason of Rule
144, without the requirement for the Company to be in compliance with the
current public information under Rule 144 under the Securities Act or any other
rule of similar effect or (ii) all of the shares have been sold pursuant to this
prospectus or Rule 144 under the Securities Act or any other rule of similar
effect.  The resale shares will be sold only through registered or
licensed brokers or dealers if required under applicable state securities laws.
In addition, in certain states, the resale shares of Common Stock covered hereby
may not be sold unless they have been registered or qualified for sale in the
applicable state or an exemption from the registration or qualification
requirement is available and is complied with.

       

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

      Under
applicable rules and regulations under the Exchange Act, any person engaged in
the distribution of the resale shares may not simultaneously engage in market
making activities with respect to the common stock for the applicable restricted
period, as defined in Regulation M, prior to the commencement of the
distribution.  In addition, the Selling Stockholders will be subject
to applicable provisions of the Exchange Act and the rules and regulations
thereunder, including Regulation M, which may limit the timing of purchases and
sales of shares of the common stock by the Selling Stockholders or any other
person.  We will make copies of this prospectus available to the
Selling Stockholders and have informed them of the need to deliver a copy of
this prospectus to each purchaser at or prior to the time of the sale (including
by compliance with Rule 172 under the Securities Act).

       

       

       

      
        
          
             

          

          
            20

            
              

            

          

          
             

          

        

      

      

      Annex
B

       

      NXT
NUTRITIONALS HOLDINGS, INC.

       

      Selling
Stockholder Notice and Questionnaire

       

      The
undersigned beneficial owner of common stock (the “Registrable
Securities”) of NXT Nutritionals Holdings, Inc., a Delaware corporation
(the “Company”),
understands that the Company has filed or intends to file with the Securities
and Exchange Commission (the “Commission”) a
registration statement (the “Registration
Statement”) for the registration and resale under Rule 415 of the
Securities Act of 1933, as amended (the “Securities Act”), of
the Registrable Securities, in accordance with the terms of the Registration
Rights Agreement (the “Registration Rights
Agreement”) to which this document is annexed.  A copy of the
Registration Rights Agreement is available from the Company upon request at the
address set forth below.  All capitalized terms not otherwise defined
herein shall have the meanings ascribed thereto in the Registration Rights
Agreement.

       

      Certain
legal consequences arise from being named as a selling stockholder in the
Registration Statement and the related prospectus.  Accordingly,
holders and beneficial owners of Registrable Securities are advised to consult
their own securities law counsel regarding the consequences of being named or
not being named as a selling stockholder in the Registration Statement and the
related prospectus.

       

      NOTICE

       

      The
undersigned beneficial owner (the “Selling Stockholder”)
of Registrable Securities hereby elects to include the Registrable Securities
owned by it in the Registration Statement.

       

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

      The
undersigned hereby provides the following information to the Company and
represents and warrants that such information is accurate:

       

      QUESTIONNAIRE

       

      
        	
                 
      

              	
                1.

              	
                Name.

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Full
      Legal Name of Selling Stockholder

                 

                 

              

      

       

       

      

      
        	
                 
      

              	
                (b)

              	
                Full
      Legal Name of Registered Holder (if not the same as (a) above) through
      which Registrable Securities are held:

                 

                 

              

      

       

       

      

      
        	
                 
      

              	
                (c)

              	
                Full
      Legal Name of Natural Control Person (which means a natural person who
      directly or indirectly alone or with others has power to vote or dispose
      of the securities covered by this Questionnaire):

                 

                 

              

      

       

       

      
        	
                2.  Address
      for Notices to Selling Stockholder:

              

      

       

      
        	_____________________________________________________________________
	_____________________________________________________________________
	_____________________________________________________________________
	
                Telephone:_____________________________________________________________

              
	
                Fax:__________________________________________________________________

              
	
                Contact
      Person:_________________________________________________________

              

      

      

      
        	
                 
      

              	
                3.  Broker-Dealer
      Status:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Are
      you a broker-dealer?

              

      

       

      Yes   o                      No   o

       

      
        	
                 
      

              	
                (b)

              	
                If
      “yes” to Section 3(a), did you receive your Registrable Securities as
      compensation for investment banking services to the
    Company?

              

      

       

      Yes   o                      No   o

       

      
        
          
          

        

        
          22

          
            

          

        

        
          
          

        

      

      
        	
                 
      

              	
                Note:

              	
                If
      “no” to Section 3(b), the Commission’s staff has indicated that you should
      be identified as an underwriter in the Registration
    Statement.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                Are
      you an affiliate of a
broker-dealer?

              

      

       

      Yes   o
                     No   o

       

      
        	
                 
      

              	
                (d)

              	
                If
      you are an affiliate of a broker-dealer, do you certify that you purchased
      the Registrable Securities in the ordinary course of business, and at the
      time of the purchase of the Registrable Securities to be resold, you had
      no agreements or understandings, directly or indirectly, with any person
      to distribute the Registrable
Securities?

              

      

       

      Yes   o                      No   o

       

      
        	
                 
      

              	
                Note:

              	
                If
      “no” to Section 3(d), the Commission’s staff has indicated that you should
      be identified as an underwriter in the Registration
    Statement.

              

      

       

      
        	
                4.  Beneficial
      Ownership of Securities of the Company Owned by the Selling
      Stockholder.

              

      

       

      Except
as set forth below in this Item 4, the undersigned is not the beneficial or
registered owner of any securities of the Company other than the securities
issuable pursuant to the Purchase Agreement.

       

      
        	
                 
      

              	
                (a)

              	
                Type
      and Amount of other securities beneficially owned by the Selling
      Stockholder:

                 

                 

              

      

       

      
        	
                 
      

              	
                 

              	
                 

              

      

       

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

      
        	
                5.  Relationships
      with the Company:

              

      

       

      Except
as set forth below, neither the undersigned nor any of its affiliates, officers,
directors or principal equity holders (owners of 5% of more of the equity
securities of the undersigned) has held any position or office or has had any
other material relationship with the Company (or its predecessors or affiliates)
during the past three years. 

         

        State any
exceptions here:

      

      
        	
                 
      

              	
                 

              	
                 

              

      

       

      
        	
                 
      

              	
                 

              	
                 

              

      

       

      The
undersigned agrees to promptly notify the Company of any inaccuracies or changes
in the information provided herein that may occur subsequent to the date hereof
at any time while the Registration Statement remains effective.

       

      By
signing below, the undersigned consents to the disclosure of the information
contained herein in its answers to Items 1 through 5 and the inclusion of such
information in the Registration Statement and the related prospectus and any amendments or supplements
thereto.  The undersigned understands that such information
will be relied upon by the Company in connection with the preparation or
amendment of the Registration Statement and the related prospectus and any
amendments or supplements thereto.

       

      IN
WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice
and Questionnaire to be executed and delivered either in person or by its duly
authorized agent.

       

       

      
        
          	 	Beneficial
      Owner:__________________________	 
	 	 	 	 
	
                  Date

                	
                  By:
      

                	 	 
	 	 	Name 	 
	 	 	Title 	 
	 	 	 	 

        

      

                                                                          

      
PLEASE
FAX A COPY (OR EMAIL A .PDF COPY) OF THE COMPLETED AND EXECUTED NOTICE AND
QUESTIONNAIRE, AND RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

       

      24f8k0210ex10i_artisty.htm

    Exhibit
10.1

    CONSULTING
SERVICES AGREEMENT

    咨询服务协议

    

    This
Consulting Services Agreement (this “Agreement”) is dated
December 15, 2009, and is entered into in Chongqing, People’s Republic of China
(“PRC” or “China”) by and between Chongqing Ran Ji Industrial Co., Ltd. (“Party A”) and
Chongqing Foguang Tourism Development (Group) Co., Ltd. (“Party B”). Party A
and Party B are referred to collectively in this Agreement as the “Parties.”

    

    本咨询服务协议(“本协议”)由重庆冉记实业有限公司(“甲方”)和重庆市佛光旅游开发(集团)股份有限公司(“乙方”)协商一致,于2009年12月15日在中国重庆市签订。甲方和乙方总称为“各方”。

    

    RECITALS

     

    陈述

    
    

     

    
      	(1)	Party
      A, a company incorporated in the PRC as a foreign investment enterprise,
      specializes in consulting for the tourism development industry;
      

               

              甲方为根据中国法律成立的外商独资企业,专业旅游开发和咨询业务;

            
	(2)	
              Party
      B is engaged in the development of tourism project, cemetery management,
      funeral ashes, planting of flowers, nursery stock and Chinese herbal,
      biomass research, production and marketing of arts and crafts, and
      designing of landscape (collectively the “Business”);

               

              
                乙方主要从事旅游项目开发,公墓经营,骨灰安葬,花卉苗木及中药材种植,生物质能研究,生产、销售工艺美术品,园林绿化设计业务(总称为“业务”);

              

            
	(3)	The
      Parties desire that Party A provide Party B with consulting and other
      relevant services in connection with the Business; and 

              
                 

                各方期望甲方提供技术咨询服务和其他与乙方从事业务相关的服务给乙方;与

                 

              

            
	(4) 	The
      Parties are entering into this Agreement to set forth the terms and
      conditions under which Party A shall provide consulting and other related
      services to Party B. 

              
                 

                各方签订本协议以确定相关条款和条件,据此,甲方将向乙方提供咨询以及其他相关服务。

              

            

    

     

    
      NOW THEREFORE, the Parties
agree as follows:

    

    
为此,各方签订以下协议,以资双方遵守:

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    1.DEFINITIONS  (定义)

    
    

     

           1.1 In this
Agreement the following terms shall have the following meanings:

     

           本协议中以下词组应具有以下含义:

     

           “Affiliate,” with
respect to any Person, shall mean any other Person that directly or indirectly
controls, or is under common control with, or is controlled by, such
Person.  As used in this definition, “control” shall mean possession,
directly or indirectly, of power to direct or cause the direction of management
or policies (whether by ownership of securities or partnership or other
ownership interests, or by contract or otherwise);

     

           “关联人”,指的是对于任何人而言,直接或者间接地予以控制的、或者被其控制、或者共同被他人控制的某人。在本定义中,控制指的是直接或者间接拥有,具有能力直接或者间接影响管理的方向和政策(无论是通过股份所有权还是通过合伙或者其他所有权权益,或是通过合同或者其他形式进行。);

     

    “Consulting Services
Fee” shall be as defined in Clause 3.1;

    “咨询费”由第3.1条进行定义。

     

           “Indebtedness” shall
mean, as to any Person, any one of the following: (i) money borrowed by such
Person (including principal, interest, fees and charges) for the deferred
purchase price of any property or services, (ii) the face amount of all letters
of credit issued to such Person and all drafts drawn thereunder, (iii) all
liabilities secured by any Lien on any property owned by such Person, whether or
not such liabilities have been assumed by such Person, (iv) the aggregate amount
required to be capitalized under any lease for which such Person is the lessee,
or (v) all contingent obligations (including, without limitation, all guarantees
to third parties) of such Person;

     

           “债务”指的是,对任何人而言,下列任何一种情形:(i)所有因此类人的借款以便还清迟延支付的购买财产价款或者服务费而产生的债务(包括本金,利息,费用和收费),(ii)所有应当由此类人支付的信用证以及由此出具的票据的票面价值,(iii)任何由设置于此类人拥有的财产之上的留置担保的责任,不管此类人是否承担了这些责任,(iv)此类人作为租赁人应当支付的租约总金额,或(v)所有此类人的或有债务(包括但不限于向所有第三方作出的担保);

     

            “Lien” shall mean any
mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance,
lien (statutory or other), preference, priority or other security agreement of
any kind or nature whatsoever (including, without limitation, any conditional
sale or other title retention agreement, any financing or similar statement or
notice filed under recording or notice statute, and any lease having
substantially the same effect as any of the foregoing);

    
       “留置”指的是任何抵押、质押、担保、转让、存款安排、权利负担、留置(法定或者其他)、优惠、优先权或者任何其他性质种类的担保安排(包括但不限于任何有条件的出售或者其他所有权保留协议,根据法定形式签发的任何融资或者类似的申明或者通知,以及任何与前述安排具有实质性相同效果的租约)。

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

             “Person” shall mean
any individual, corporation, company, voluntary association, partnership, joint
venture, trust, unincorporated organization, entity or other organization or any
government body;

    

     

           “人”,指的是任何个人、公司、自愿性的组织、合伙、合资企业、信托、非公司型组织、团体或者其他组织和政府机构。

     

           “PRC” means the
People’s Republic of China;

     

           “中国”
指的是中华人民共和国。

     

           “Services” means the
services to be provided under the Agreement by Party A to Party B, as more
specifically described in Clause 2.

     

           “服务”指的是本协议下甲方向乙方提供的服务,由第2条详细解释。

     

           1.2           The
headings in this Agreement shall not affect the interpretation of this
Agreement.

     

                 
本协议中的标题不应当影响对本协议的解释。

     

    

    
      2. RETENTION AND SCOPE OF
SERVICES (聘用和服务范围)

      
      

    

    

              
2.1           Party B
hereby agrees to retain the services of Party A, and Party A accepts such
appointment, to provide to Party B services in relation to the current and
proposed operations of Party B’s business in the PRC pursuant to the terms and
conditions of this Agreement (the “Services”).  The
Services shall include, without limitation:

                 

            乙方在此同意聘用甲方提供服务,并且甲方依据本协议规定的条款接受聘用,向乙方在中国正在开展或者即将开展的业务提供相关服务 (“服务”)。服务应包括但不限于:

     

    
      	             (a)  	
              General Business
      Operation.  Provide general advice and assistance
      relating to the management and operation of Party B.

               

              一般业务经营。提供和管理、运行乙方相关的咨询服务和协助。

            
	 	 
	             (b)           	
              Human
      Resources.

               

              人力资源。

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	          (i)  	
              Provide
      general advice and assistance in relation to the staffing of Party B,
      including assistance in the recruitment, employment and secondment of
      management personnel, administrative personnel and staff of Party
      B;

               

              为乙方的人事提供建议和协助,包括乙方管理人员、行政人员与普通员工的招募、雇用、借调等;

            
	 	 
	          (ii)	
              Provide
      training of management, staff and administrative
      personnel;

               

              提供管理层、员工和行政人员的培训;

            
	 	 
	          (iii)    	
               Assist Party B
      to establish an efficient payroll management system; and

               

              协助乙方建立健全的薪金管理体系;与

            
	 	 
	          (iv)   	
              Provide
      assistance in the relocation of Party B’s management and
      staff;

               

              对于乙方管理人员和员工的重新安置提供建议和协助。

            
	 	 

    

     

    
      	          
      (c)   	
              Business
      Development. Provide advice and assistance in business growth and
      development of Party B

               

              业务发展。对乙方的业务发展提供建议和协助。

            
	 	 
	          
      (d)   	
              Other.  Such
      other advice and assistance as may be agreed upon by the
      Parties.

              其他。双方同意的其他建议和协助。

            

    

     

           2.2           Exclusive Services
Provider.  During the term of this Agreement, Party A shall be
the exclusive provider of the Services.  Party B shall not seek or
accept similar services from other providers without the prior written approval
of Party A.

     

                
排他性的服务提供者。在本协议有效期间,甲方应当是排他性的服务提供者。除非获得了甲方事先书面同意,乙方不可以寻求或者接受来自其他服务提供者类似的服务。

     

           2.3           Intellectual Property Rights
Related to the Services.  Party A shall own all intellectual
property rights developed or discovered through research and development in the
course of providing Services, or derived from the provision of the
Services.  Such intellectual property rights shall include patents,
trademarks, trade names, copyrights, patent application rights, copyright and
trademark application rights, research and technical documents and materials,
and other related intellectual property rights including the right to license or
transfer such intellectual property rights.  If Party B requires the
use of Party A’s intellectual property rights, Party A agrees to grant such
intellectual property rights to Party B on terms and conditions to be set forth
in a separate agreement.

     

              
有关服务的知识产权。在提供服务过程中,甲方应当拥有所有由服务产生的通过开发和研究获得的知识产权。此类知识产权应当包括专利、商标、商号、版权、专利申请权、版权或者商标申请权,研究及技术文件资料,以及其他有关的知识产权(包括许可、转让此类知识产权的权利)。如果乙方要求使用甲方的知识产权,甲方应当通过和乙方签订独立的协议授予乙方此类权利。

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

             2.4           Pledge.  Party
B shall permit and cause the owners of Party B to pledge their equity interests
in Party B to Party A for securing the payment of the Consulting Services Fee as
required pursuant to this Agreement.

    

     

                
质押。乙方应当允许和促使乙方股权所有人向甲方出质其在乙方的股权以便保证乙方向甲方支付本协议规定的服务费。

    

    3.           PAYMENT (付款)

     

           3.1           General.

    

     普通条款。

    
          (a)           In
consideration of the Services to be provided by Party A hereunder, Party B shall
pay to Party A a consulting services fee (the “Consulting Services
Fee”) during the term of this Agreement, payable in Renminbi (“RMB”) each quarter,
equal to all of Party B’s net income for such quarter based on the quarterly
financial statements provided under Clause 5.1 below. Such quarterly payment
shall be made within fifteen (15) days after receipt by Party A of the financial
statements referenced above.

     

                 就甲方提供的服务,乙方应当在本协议有效期间向甲方支付咨询服务费(“咨询服务费”)。该费用每季度以人民币支付。依据以下第5.1条规定由乙方提供的季报,该费用应当和乙方该季度净收入相等。该费用应当在甲方收到以上财务报表15天内支付。

     

              (b)           Party
B will permit, from time to time during regular business hours as reasonably
requested by Party A, its agents or representatives (including independent
public accountants, which may be Party B’s independent public accountants), (i)
to conduct periodic audits of the financial books and records of Party B, (ii)
to examine and make copies and abstracts from all books, records and documents
(including, without limitation, computer tapes and disks) in the possession or
under the control of Party B, (iii) to visit the offices and properties of Party
B for the purpose of examining such materials described in clause (ii) above,
and (iv) to discuss matters relating to the performance by Party B hereunder
with any of the officers or employees of Party B having knowledge of such
matters.  Party A may exercise the audit rights described herein at
any time, provided that Party A provides a ten (10) day written notice to Party
B specifying the scope, purpose and duration of such audit.  All such
audits shall be conducted in such a manner as not to interfere with Party B’s
normal operations.

     

                 乙方应当允许,在通常的工作时间,根据甲方或者其代理人或者代表的要求(包含独立的注册会计师,其可能是乙方的独立的注册会计师)(i)
对乙方的账簿和财务记录进行审计,(ii)
对乙方持有的或管理的所有的账簿,财务记录和文件进行摘要,检查和备份(包括但不限于电脑磁盘和磁带),(iii)
造访乙方的办公场所和财产以便对上述(ii)中的材料进行审查,(iv)和乙方了解情况的管理人员或雇员讨论乙方的经营活动。甲方可以在任何时间行使本条规定的审计权,只要提前十天向乙方提供书面的通知确定审计的范围、目的和持续时间即可。所有此类的审计不应当影响乙方正常的经营活动。

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

              
3.2           Party B
shall not be entitled to set off any amount it may claim is owed to it by Party
A against any Consulting Services Fee payable by Party B to Party A unless Party
B first obtains Party A’s prior written consent.

     

           
乙方不应当把其应当向甲方支付的服务费和甲方可能的欠款自行抵消,除非乙方已获得了甲方的事先书面同意。

    
 

              
3.3           The
Consulting Services Fee shall be paid in RMB by telegraphic transfer to Party
A’s bank account No.______________, or to such other account or accounts as may
be specified in writing from time to time by Party A.

     

            
咨询服务费应当以人民币通过电汇的方式汇至甲方银行账户: ,或者甲方在任何时间通过书面确定的其他账户。

     

              
3.4           Should
Party B fail to pay all or any part of the Consulting Services Fee due to Party
A in RMB under this Clause 3 within the time limits stipulated, Party B shall
pay to Party A interest in RMB on the amount overdue based on the three (3)
month lending rate for RMB published by the Bank of China on the relevant due
date.

     

           
如果乙方没有依据本第三条的规定在规定的期间内,以人民币支付全部或者部分服务费,乙方应当向甲方支付未付款的人民币利息;相关利息的支付应当依据中国银行公布的近三月银行同期贷款利率确定。

     

              
3.5           All
payments to be made by Party B hereunder shall be made free and clear and
without any consideration of tax deduction, unless Party B is required to make
such payment subject to the deduction or withholding of tax.

     

           
所有本条规定的乙方的支付义务不包含任何扣除和税负考虑,除非乙方被要求在扣除后或者代扣税后进行支付。

    

    4.           FURTHER TERMS OF
COOPERATION (进一步合作条款)

    

    All business revenue of Party B shall
be directed in full by Party B into a bank account designated by Party
A.

    

    所有乙方业务收入应当划入甲方指定的银行账户。

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    5.           UNDERTAKINGS OF PARTY
B (乙方保证)

    

    Party B hereby agrees that, during the
term of the Agreement:

    

    乙方在此同意,在本协议有效期间:

     

              
5.1           Information
Covenants.  Party B shall provide to Party A:

    

    信息条款。乙方将提供甲方:

     

    5.1.1  Preliminary Monthly
Reports. Within five (5) days after the end of each calendar month the
preliminary income statements and balance sheets of Party B made up to as of the
end of such calendar month, in each case prepared in accordance with the
generally accepted accounting principles of the PRC.

    

    初期月报。每公历月份结束后五天内,乙方依据中国公认会计原则制作的月收入报表和资产负债表。

    

    5.1.2  Final Monthly
Reports. Within ten (10) days after the end of each calendar month, a
final report from Party B on the financial and business operations of Party B as
of the end of such calendar month, setting forth the comparison of financial and
operation figures for the corresponding period in the preceding financial year,
in each case prepared in accordance with generally accepted accounting
principles of the PRC.

    

    最后月报。在每个公历月份结束后十天之内,乙方依据中国公认会计原则制作制作的用以说明其财务状况、经营成绩与往年同期的比较的报表。

    

    5.1.3  Quarterly Reports. As
soon as available and in any event within forty-five (45) days after each
Quarterly Period (as defined below), unaudited consolidated and consolidating
statements of income, retained earnings and changes in financial positions of
Party B and its subsidiaries for such Quarterly Period, and for the period from
the beginning of the relevant fiscal year to such Quarterly Date, and the
related consolidated and consolidating balance sheets as of such Quarterly
Period, setting forth in each case the actual versus budgeted comparisons and a
comparison of the corresponding consolidated and consolidating figures for the
corresponding period in the preceding fiscal year, accompanied by a certificate
of Party B’s Chief Financial Officer, and such certificate shall state that the
said financial statements fairly represent the consolidated and consolidating
financial conditions and results of operations, as the case may be, of Party B
and its subsidiaries, in accordance with the general accepted accounting
principles of the PRC for such period (subject to normal year-end audit
adjustments and the preparation of notes for the audited financial
statements).  For the purpose of this Agreement, a “Quarterly Period”
shall mean the last day of March, June, September and December of each year, the
first of which shall be the first Quarterly Period following the date of this
Agreement; provided that if any such Quarterly Period is not a business day in
the PRC, then such Quarterly Period shall be the next succeeding business day in
the PRC.

    

    季报。在每季期后(如下文定义)45天内制作的,乙方及其子公司未审计的合并和未合并收入报表,未分配利润和乙方财务状况的变化的报表;如果可能的话,每季度及从每财务年度的开始到季报制作日,相关合并和未合并报表,并且以比照形式和去年同期的相关报表列于一处。相关报表应有乙方首席财务官的证明。该证明应当申明相关财务报表依法提供了乙方及其子公司合并及未合并的财务状况和经营业绩,并且该报表的制作符合中国公认会计原则(相关数据应以年度审计的调整和相关已审计的财务报表为准)。在本协议中,“季期”的含义是:每年三月份,六月份,九月份和十二月份的最后一天,第一次季期应当是本协议签订日后的以上月份的最后一天。如果上述日期在中国不是营业日,那么相关日期应推迟到此后的第一个营业日。

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

                5.1.4  Annual Audited
Accounts.  Within 90 days after the end of the financial year,
Party B’s annual audited accounts (setting forth in each case the comparison of
the corresponding figures for the preceding financial year), shall be prepared
in accordance with the generally accepted accounting principles of the
PRC.

    

    

    年度审计。每会计年度结束后九十天之内,乙方年度审计帐目(以比较形式与去年同期进行对比)应以中国公认会计原则制作。

     

              5.1.5           Budgets. At least
ninety (90) days prior to the beginning of Party B’s fiscal year, Party B shall
prepare a budget in a form satisfactory to Party A (including budgeted
statements of income and sources and uses of cash and balance sheets) for each
of the four quarters of such fiscal year accompanied by the statement of Party
B’s Chief Financial Officer, to the effect that, to the best of his or her
knowledge, the budget is a reasonable estimate for the corresponding
period.

    

    预算。乙方每财务年度开始前90天,乙方应准备一份甲方能够接受的预算(包括预算收入、资金来源、用途和资产负债表)。该预算应当包括每财务年度季度预算。该预算应由乙方首席财务官申明以确定根据其所知相关预算是对相关期间合理的估计。

     

              5.1.6           Notice of Litigation.
Party B shall notify Party A, within one (1) business day of obtaining the
knowledge thereof, of (i) any litigation or governmental proceeding pending
against Party B which could materially adversely affect the business,
operations, property, assets, condition or prospects of Party B, and (ii) any
other event which is likely to materially adversely affect the business,
operations, property, assets, condition or prospects of Party B.

    

    诉讼通知。在任何情况下,在乙方获知(i)任何尚未了结的诉讼或者政府行政程序即将对乙方的业务、经营、财产、资产、财务状况或者乙方未来的发展产生重大不利影响,并且(ii)任何其他有可能对乙方上述方面产生重大不利影响的情况后的一天之内,通知甲方。

     

    
      
        
        

      

      
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                5.1.7  Other
Information.  From time to time, such other information or
documents as Party A may reasonably request.

    

    

    其他情况。其他甲方不时合理要求的信息和文件(财务或者其他方面)。

     

              
5.2           Books, Records and
Inspections.  Party B shall keep accurate books and records of
its business activities and transactions according with PRC’s generally accepted
accounting principles and all other legal requirements.  During an
appropriate time and within a reasonable scope requested by Party A, Party B
will permit Party A’s officers and designated representatives to visit the
premises of Party B and to inspect, under the guidance of Party B’s officers,
Party B’s books and records, and to discuss the affairs, finances and accounts
of Party B.

     

              账簿、财务记录和审查。乙方应当保留相关账簿和财务记录,该记录应当完整,真实,并且准确地按照中国公认会计原则以及所有法律的要求制作,同时应当包含所有的交易和业务活动。乙方应当允许甲方的高级管理人员和任命的代表,在合适的时间和间隔,依据甲方合理要求的范围,在乙方高级管理人员的引导下对乙方财产进行检查,审查乙方的账簿和财务记录,并且和乙方高级管理人员讨论乙方的经营、财务和帐目。

             

              
5.3           Corporate
Franchises.  Party B will do or cause to be done, all things
necessary to preserve and keep in full force and effect its existence and
maintain its material rights and licenses.

              公司特许。乙方应当尽全力保持其拥有的重大权利、特许和许可的存在和效力。

     

              
5.4           Compliance with
Laws.  Party B shall abide by all applicable laws, regulations
and orders of all relevant governmental administration, in respect to its
business and the ownership of its property, including, without limitation,
maintenance of valid and proper governmental approvals and licenses necessary to
provide the services, unless such noncompliance could not, in the aggregate,
have a material adverse effect on the business, operations, property, assets,
condition or prospects of Party B.

     

              遵守法律。乙方就其业务、财产所有权(包括但不限于保持有效和合适的政府审批和许可以便提供相关服务)应当遵守所有适用的法律、法规、政府机构的行政命令;除非此类不遵守,总体而言,对乙方的业务、经营、财产、资产、财务状况及未来发展不会带来重大不利影响。

    

    6.           NEGATIVE COVENANTS
(不作为保证)

    

    Party B covenants and agrees that,
during the term of this Agreement, without the prior written consent of Party
A:

    

    乙方同意并且保证,在本协议有效期间,在没有事先获得甲方书面同意的情况下:

     

              6.1           Equity.  Party
B will not issue, purchase or redeem any equity or debt securities of Party
B.

     

              股权。乙方不会发行、购买或者回购任何乙方的股权或者债权凭证。

    

    
      
        
        

      

      
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6.2           Liens.  Party
B will not create, incur, assume or suffer to exist any Lien upon or with
respect to any property or assets (real or personal, tangible or intangible) of
Party B whether existing or hereafter acquired, provided that the provisions of
this Clause 6.2 shall not prevent the creation, incurrence, assumption or
existence of:

    

    

    担保。乙方不会设定、招致、承担或者忍受任何加诸于其财产(动产或者不动产,有形或者无形)之上的担保权,不管这类财产是现在拥有的还是之后获得的,但是本协议第6.2条没有阻止下列情况的产生、招致或者承受:

     

              6.2.1  Liens
for taxes not yet due, or Liens for taxes being contested in good faith and by
appropriate proceedings for which adequate reserves have been established;
and

     

              未到期税款的担保,由善意及适当程序提起争议的税款担保且为此已建立足够的保留; 以及

     

              6.2.2           Liens
in respect to Party B’s property or assets imposed by law, which were incurred
in the ordinary course of business, and (i) which do not in the aggregate,
materially detract from the value of Party B’s property or assets or materially
impair the use thereof in the operation of Party B’s business or (ii) which are
being contested in good faith by appropriate proceedings and proceedings which
have the effect of preventing the forfeiture or sale of the property of assets
subject to any such Lien.

     

              在日常经营过程中产生的,置于乙方财产之上的担保权,并且(i)该担保权不会在总体上重大减损此类财产的价值或者重大损害乙方在业务经营中对其的使用;或者(ii)此类担保通过合适的程序善意地进行,而此类程序依据担保的效力具有防止相关财产转移和出售的效力。

     

              
6.3           Consolidation, Merger, Sale
of Assets, etc.  Party B will not wind up, liquidate or
dissolve its affairs or enter into any transaction of merger or consolidation,
or convey, sell, lease or otherwise dispose of (or agree to do any of the
foregoing at any future time) all or any part of its property or assets, or
purchase or otherwise acquire (in one or a series of related transactions) any
part of the property or assets (other than purchases or other acquisitions of
inventory, materials and equipment in the ordinary course of business) of any
Person, except that (i) Party B may sell inventory in the ordinary course of
business and (ii) Party B may sell equipment which is uneconomic or obsolete, in
the ordinary course of business.

     

              合并、兼并和资产出售等。乙方不会进行清盘、清算或者解散,或者签订任何兼并合并协议、或者转让、出售、出租或者放弃(或者同意在未来进行任何前述的活动)所有或者其部分财产;不会购买或者另行获取(通过一次或者一系列相关联的交易行为)任何人的全部或者部分财产(除非通过正常的交易购买、获取任何存货、材料和设备);除非(i)乙方在日常经营过程中出售存货;(ii)乙方在日常业务中出售其多余或者高成本的设备。

    

    
      
        
        

      

      
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6.4           Dividends.  Party
B will not declare or pay any dividends, or return any capital, to its
shareholders or authorize or make any other distribution, payment or delivery of
property or cash to its shareholders as such, or redeem, retire, purchase or
otherwise acquire, directly or indirectly, for a consideration, any shares of
any class of its capital stock now or hereafter outstanding (or any options or
warrants issued by Party B with respect to its capital stock), or set aside any
funds for any of the foregoing purposes.

    

     

              分红。乙方不会宣布任何红利方案或者支付红利,不会向其股东退返任何资本,不会授权或者直接向股东进行任何分配、支付或者交付任何财产或者现金;回赎、撤资、购买或者直接或者间接通过支付对价的方式获取现在已发行或者以后将发行的任何种类的资本(或者乙方依据其股本发行之任何期权或者股权凭证),不会为了前述的目的拨留款项。

     

              
6.5           Leases.  Party
B will not permit the aggregate payments (including, without limitation, any
property taxes paid as additional rent or lease payments) by Party B under
agreements to rent or lease any real or personal property to exceed US$1 million
in any fiscal year of Party B.

     

              租约。乙方不应当使其签订的任何动产不动产租约总额(包括但不限于任何作为租金之外的不动产税费)在任何一个会计年度超过一百万美元。

     

              
6.6           Indebtedness.  Party
B will not contract, create, incur, assume or suffer to exist any indebtedness,
except accrued expenses and current trade accounts payable incurred in the
ordinary course of business, and obligations under trade letters of credit
incurred by Party B in the ordinary course of business, which are to be repaid
in full not more than one (1) year after the date on which such indebtedness is
originally incurred to finance the purchase of goods by Party B.

     

              债务。乙方不会签约、产生、招致、承受或者忍受相关债务的存在,除非:此类费用及应付款产生于日常经营过程中,及产生于日常业务中乙方总还款期在一年以内的信用证(用以乙方购货)。

     

              
6.7           Advances, Investment and
Loans.  Party B will not lend money or grant credit or make
advances to any Person, or purchase or acquire any stock, obligations or
securities of, or any other interest in, or make any capital contribution to,
any other Person, except that Party B may acquire and hold receivables owing to
it, if created or acquired in the ordinary course of business and payable or
dischargeable in accordance with customary trade terms.

     

              预付款、投资和借款。 乙方不得出借、给予信用安排或者提供预付款给任何人,不得购买任何人的股权、义务或者证券及其相关利益,不得向任何人注资;除非:产生于日常经营过程中并且依照商业惯例是应当支付和履行的,乙方获得因此产生的应收账款。

    

    
      
        
        

      

      
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6.8           Transactions with
Affiliates.  Party B will not enter into any transaction or
series of related transactions, whether or not in the ordinary course of
business, with any Affiliate of Party B, other than on terms and conditions
substantially as favorable to Party B as would be obtainable by Party B at the
time in a comparable arm’s-length transaction with a Person other than an
Affiliate and with the prior written consent of Party A.

    

     

              关联交易。无论是否在日常经营过程中,乙方不得和乙方的任何关联人进行任何或者一系列相关联的交易。除非获得甲方的书面批准,并且相关交易根据和非关联人进行一般公平交易的比较,对乙方具有重大利益。

     

              
6.9           Capital
Expenditures.  Party B will not make any expenditure for fixed
or capital assets (including, without limitation, expenditures for maintenance
and repairs which are capitalized in accordance with generally accepted
accounting principles in the PRC and capitalized lease obligations) during any
quarterly period which exceeds the aggregate the amount contained in the budget
as set forth in Section 5.1.5.

     

              资本支出。在任何季度期间内,乙方不得为任何固定资产或者资本财产(包括但不限于依据中国公认会计原则资本化的维持和修理费支出和资本化的租赁支出)支出超过本协议5.1.5条约定的总计预算额度。

     

              
6.10           Modifications to Debt
Arrangements, Agreements or Articles of Association.  Party B
will not (i) make any voluntary or optional payment or prepayment on or
redemption or acquisition for value of (including, without limitation, by way of
depositing with the trustee with respect thereto money or securities before due
for the purpose of paying when due) any existing Indebtedness or (ii) amend or
modify, or permit the amendment or modification of, any provision of any
existing Indebtedness or of any agreement (including, without limitation, any
purchase agreement, indenture, loan agreement or security agreement) relating to
any of the foregoing or (iii) amend, modify or change its Articles of
Association or business license, or any agreement entered into by it, with
respect to its capital stock, or enter into any new agreement with respect to
its capital stock.

     

              对于债权安排、协议或者章程的修改。乙方不会(i)
对于任何现存的债务进行任何自愿的、选择性的支付、预先的支付、回购或者获得(包括但不限于为到期支付而在受托人处预存钱款或证券);(ii)对于现存的任何债务或者与此有关的任何协议进行修正、修改或者允许这种修正或者修改(包括但不限于任何购买协议、契约、贷款协议或者担保协议);(iii)修正、修改或者改变其章程、营业执照、或者任何其签订的有关资本的协议;或者签订与其资本有关的新协议。

     

              
6.11           Line of
Business.  Party B will not engage (directly or indirectly) in
any business other than those types of business prescribed within the business
scope of Party B’s business license except with the prior written consent of
Party A.

     

              业务行业。乙方不会(直接或者间接)从事乙方营业执照确定的业务范围以外的业务,除非事先获得了甲方书面的同意。

    

    7.           TERM AND TERMINATION
(有效期和终止)

    

    
      
        
        

      

      
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7.1           This
Agreement shall take effect on the date of execution of this Agreement and shall
remain in full force and effect unless terminated pursuant to Clause
7.2.

    

     

              本协议自签署之日起生效,除非根据第7.2条终止,本协议应当保留完全的效力和强制力。

     

              
7.2           This
Agreement may be terminated:

     

              本协议可在以下情况下终止:

     

              7.2.1  By
either Party giving written notice to the other Party if the other Party has
committed a material breach of this Agreement (including, but not limited to,
the failure by Party B to pay the Consulting Services Fee) and such breach, if
capable of remedy, has not been so remedied within fourteen (14) days, in the
case of breach of a non-financial obligation, following the receipt of such
written notice;

     

              根据任何一方因为另一方重大违约而发出的书面通知(包括但不限于乙方未支付相关咨询费),并且如果该违约是可以补救的且是非金钱方面的违约,未在收到书面通知后14天内作出补救;

     

              7.2.2           By
either Party giving written notice to the other Party if the other Party becomes
bankrupt or insolvent or is the subject of proceedings or arrangements for
liquidation or dissolution or ceases to carry on business or becomes unable to
pay its debts as they become due;

     

              如果任何一方破产或者进入了清算或者解散程序,不再开展任何业务或者无法支付到期债务,协议一方向另一方发出书面通知;

     

              7.2.3 By either
Party giving written notice to the other Party if, for any reason, the
operations of Party A are terminated;

     

              如果甲方的业务因为任何原因而终止,协议一方向另一方发出书面通知;

     

              7.2.4  By
either Party giving written notice to the other Party if the business license or
any other license or approval material for the business operations of Party B is
terminated, cancelled or revoked;

     

              如果一方的营业执照或者对乙方经营具有重大影响的许可和批准被终止、取消或者撤销,协议一方向另一方发出书面通知;

    

    
      
        
        

      

      
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                7.2.5         By
either Party giving written notice to the other Party if circumstances arise
which materially and adversely affect the performance or the objectives of this
Agreement; or

    

     

              如果因为实际情况发生重大不利变化导致本协议的目标无法实现时,任何一方向另一方发出书面通知; 或

     

              7.2.6   By
election of Party A with or without reason.

     

              不管有无原因,根据甲方的选择。

     

              
7.3           Any Party
electing to terminate this Agreement pursuant to Clause 7.2 shall have no
liability to the other Party for indemnity, compensation or damages arising
solely from the exercise of such termination right, provided that the expiration
or termination of this Agreement shall not affect the continuing obligation of
Party B to pay any Consulting Services Fees already accrued or due and payable
to Party A.  Upon expiration or termination of this Agreement, all
amounts then due and unpaid to Party A by Party B hereunder, as well as all
other amounts accrued but not yet payable to Party A by Party B, shall thereby
become due and payable by Party B to Party A.

     

              一方有根据第7.2条终止本协议,并不承担仅由于行使该权利而产生的向另一方补偿或赔偿的责任。本协议的到期或者终止不应当影响已经产生的乙方向甲方支付咨询费的责任。在本协议终止或者到期时,本协议规定的任何到期未支付以及所有其他已经产生但是未到支付期的钱款,应当就此到期并且由乙方支付。

    

    8.           PARTY A’S REMEDY UPON PARTY
B’S BREACH (甲方因为乙方违约而应得到的救济)

    

    In addition to the remedies provided
elsewhere under this Agreement, Party A shall be entitled to remedies permitted
under PRC laws, including, without limitation, compensation for any direct and
indirect losses arising from the breach and legal fees incurred to recover
losses from such breach.

    

    除了本协议其他规定提供的救济外,甲方应当有权获得中国法律规定的其他救济,包括但不限于对产生于此类违约直接或者间接引起的损失的补偿,以及为弥补损失而产生的法律费用。

    

    9.           AGENCY (代理)

    

    The Parties are independent
contractors, and nothing in this Agreement shall be construed to constitute
either Party to be the agent, partner, legal representative, attorney or
employee of the other for any purpose whatsoever.  Neither Party shall
have the power or authority to bind the other except as specifically set out in
this Agreement.

    

    各方为独立之签约人。并且本协议的任何规定无论任何原因均不得被解释为一方为另一方的代理人、合伙人、法定代表人、代表或者雇员等。除非本协议另有规定,任何一方均无权利或者授权去约束另一方。

    

    
      
        
        

      

      
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    10.           GOVERNING LAW AND
JURISDICTION (适用法和管辖)

     

              
10.1           Governing
Law.  This Agreement shall be governed by, and construed in
accordance with, the laws of the PRC.

     

              法律适用。本协议的适用法为中华人民共和国法律,并依据其进行解释。

     

              
10.2           Arbitration.  Any
dispute arising from, out of or in connection with this Agreement shall be
settled through amicable negotiations between the Parties.  Such
negotiations shall begin immediately after one Party has delivered to the other
Party a written request for such negotiation.  If, within ninety (90)
days following the date of such notice, the dispute cannot be settled through
negotiations, the dispute shall, upon the request of either Party with notice to
the other Party, be submitted to arbitration in China under the auspices of
China International Economic and Trade Arbitration Commission (the “CIETAC”).  The
Parties shall jointly appoint a qualified interpreter for the arbitration
proceeding and shall be responsible for sharing in equal portions the expenses
incurred by such appointment.  The arbitration proceeding shall take
place in Shanghai, China.  The outcome of the arbitration shall be
final and binding and enforceable upon the Parties.

     

              仲裁。双方应尽量通过友好协商解决与本协议解释或履行相关的任何争议。此类协商应当在一方向另一方递交请求协商的书面要求后立即进行。如果在通知发出后90天内争议仍无法通过协商解决,相关争议应当根据任一协议方向另一方发出的通知而提交中国国际经济贸易仲裁委员会(“CIETAC”)仲裁。各方应当联合任命一名合格的仲裁翻译并且对于由此产生的花费承担相同的比例。仲裁地为上海。仲裁裁决是终局性的,对双方均有约束力,并可根据其条款予以强制执行。

     

              10.2.1           Number and Selection of
Arbitrators. There shall be three (3) arbitrators.  Party B
shall select one (1) arbitrator and Party A shall select one (1) arbitrator, and
both arbitrators shall be selected within thirty (30) days after giving or
receiving the demand for arbitration.  Such arbitrators shall be
freely selected, and the Parties shall not be limited in their selection to any
prescribed list.  The chairman of the CIETAC shall select the third
arbitrator.  If a Party does not appoint an arbitrator who consents to
participate within thirty (30) days after giving or receiving the demand for
arbitration, the relevant appointment shall be made by the chairman of the
CIETAC.

     

              仲裁员的数量和选择。仲裁应当由三名仲裁员组成。乙方和甲方应当各选择一名仲裁员,并且这两名仲裁员应当在发出或者接受仲裁请求的三十天内选择。此类仲裁员应当自由选择,同时各方不应当受到任何仲裁员名单的限制。CIETAC的主席应当选择第三名仲裁员。如果任一协议方没有在发出或接受仲裁请求30天内选出仲裁员,该仲裁员由CIETAC的主席指定。

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

       

                10.2.2           Arbitration Language and
Rules.  Unless otherwise provided by the arbitration rules of
CIETAC, the arbitration proceeding shall be conducted in Chinese.  The
arbitration tribunal shall apply the arbitration rules of the CIETAC in effect
on the date of execution of this Agreement.  However, if such rules
are in conflict with the provisions of this clause, or with Section 10 of this
Agreement, then the terms of Section 10 of this Agreement shall
prevail.

    

     

              仲裁语言与规则。除非CIETAC的仲裁规则另有规定,仲裁使用中文。仲裁庭应当适用本协议签字时CIETAC有效的仲裁规则。但是,如果此类规则和本条款或本协议第十节相冲突,应采用本协议第十节相关条款的规定。

     

              10.2.3           Cooperation;
Disclosure. Each Party shall cooperate with the other Party in making
full disclosure of and providing complete access to all information and
documents requested by the other Party in connection with such proceedings,
subject only to any confidentiality obligations binding on such
Parties.

     

                 合作;披露。除非受到保密义务的限制,根据另一方的要求,每一方应当和另一方合作以期提供完全地披露与相关法律程序有关的信息和文件。

     

              10.2.4           Jurisdiction.
Judgment rendered by the arbitration may be entered into by any court having
jurisdiction, or application may be made to such court for a judicial
recognition of the judgment or any order of enforcement thereof.

     

              管辖权。仲裁委员会的裁决可以交予任何具有管辖权的法院,或者可以向其申请承认裁决或者强制执行裁决。

     

              
10.3           Continuing
Obligations. The Parties shall continue their implementation of this
Agreement during the period when the relevant dispute is being
resolved.

     

              持续之义务。在相关纠纷解决期间,各方应在其他各个方面继续履行本协议。

    

    11.           ASSIGNMENT (转让)

    

    No part of this Agreement shall be
assigned or transferred by either Party without the prior written consent of the
other Party.  Any such assignment or transfer shall be void, provided
that Party A may assign its rights and obligations under this Agreement to an
Affiliate without Party B’s consent.

    

    在没有得到另一方事先书面同意的情况下,本协议的任何一部份都不能转让。任何此类的转让都无效,但是甲方可以不需乙方同意将其在本协议下的权利和义务转让给其关联人。

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    12.           NOTICES (通知)

          

    Notices
or other communications required to be given by any Party pursuant to this
Agreement shall be written in English and Chinese and delivered personally or
sent by registered mail or prepaid mail or by a recognized courier service or by
facsimile transmission to the address of the other Party set forth below or to
such other address of the Party as specified by such Party from time to time.
The date when the notice is deemed to be duly served shall be determined as the
follows: (a) a notice delivered personally is deemed duly served upon the
delivery; (b) a notice sent by mail is deemed duly served the tenth (10th) day
after the date, or the fourth (4th) day
after the delivery date of an internationally recognized courier service; and
(c) a notice sent by facsimile transmission is deemed duly served upon the time
shown on the transmission confirmation of relevant documents.

    

    任何一方根据本协议要求发出的通知或其他函件应以英文和中文制作,在以专人递送、或挂号信或邮资预付邮件、或知名邮件服务机构或传真方式等送达到下列相关各方的地址或者各方不时通知确定的地址。通知有效送达的日期应当由以下条件决定:(a)
由专人递送的通知,在递交时视作有效送达;(b)
通过邮递送达的,在邮资预付的航空挂号邮件投递后(见邮戳)的第十天视为有效送达;如果通过国际知名快递公司邮寄的,在投递后的第四天视为有效送达;(c)如果一份邮件是通过传真递送的,在相关文件传输确认单上显示的接受时间应当视作有效送达日期。

    

    
       

      
        	
                Party A:

                甲方:  

              	
                Chongqing
      Ran Ji Industrial Co., Ltd.     

                重庆冉记实业有限公司

              
	 	 
	
                Address:

                地址:  

              	
                2nd
      Floor, Fu Li Bowling Alley, Changshou Road

                Changshou
      District, Chongqing, PRC 

                重庆市长寿区长寿路富丽保龄球馆二楼

              
	 	 
	Attn:
      

                联系人: 

              	RAN
      Yiyou   

                冉义友

              
	Fax:
      

                传真:

              	 
	
                Tel:

                电话:

              	 

      

       

    

    
      
        	Party B: 

                乙方:   

              	Chongqing
      Foguang Tourism Development (Group) Co., Ltd.   

                重庆市佛光旅游开发(集团)股份有限公司

              
	 	 
	
                Address:

                地址:   

              	
                Upper
      Jiang Nan Town Street, Changshou District

                Chongqing,
      PRC

                重庆市长寿区江南镇街上

              
	 	 
	Attn:
      

                
                  联系人:

                

              	RAN
      Yiyou 

                
                  冉义友

                

              
	Fax:
      

                传真:

              	 
	Tel:
      

                电话:

              	 

      

       

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    13.           GENERAL (一般条款)

    

    13.1           The
failure or delay in exercising a right or remedy under this Agreement shall not
be constituted as a waiver of the right or remedy, and no single or partial
exercise of any right or remedy under this Agreement shall prevent any further
exercise of the right or remedy.

    

    未主张、延迟主张本协议下的权利或者救济不能被视作放弃该等权利和救济,并且对于部分权利及/或救济的主张不能阻止进一步权利及/或救济的主张。

    

    13.2           Should
any clause or any part of any clause contained in this Agreement be declared
invalid or unenforceable for any reason whatsoever, all other clauses or parts
of clauses contained in this Agreement shall remain in full force and
effect.

    

    如果本协议任何条款或者条款的某部分因为任何原因被宣布为无效或者无强制执行力,所有其他的条款或者条款的其他部分仍保持完全的效力。

    

    13.3           This
Agreement constitutes the entire agreement between the Parties relating to the
subject matter of this Agreement and supersedes all previous
agreements.

    

    本协议构成各方针对本协议主题事项的完整协议并且取代所有之前的协议。

    

    13.4           No
amendment or variation of this Agreement shall be valid unless it is in writing
and executed by the Parties or their authorized representatives.

    

    除非通过书面的方式并由各方或者各方授权代表签署,任何修正或者更改都无效。

    

    13.5           This
Agreement shall be executed in two (2) duplicate originals in English. Each
Party shall receive one (1) duplicate original, and all originals shall be
equally valid.

    

    本协议用英文制作二份。每方各持有一份,具有同等效力。

    

    [SIGNATURE
PAGE FOLLOWS]

    [以下是签字页]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [SIGNATURE
PAGES]

    签字页

    

    IN WITNESS WHEREOF this
Agreement is duly executed by each Party or its legal
representatives.

    

    兹证明,本协议由各方或者各方的法定代表人签订。

    

     

    
      	PARTY A:	Chongqing Ran Ji Industrial
      Co., Ltd.	 	 
	 	  	 	 
	甲方:	重庆冉记实业有限公司	 	 
	 	Legal/Authorized
      Representative:	/s/ RAN
    Yiyou	 
	 	法定代表人/或被授权人(签字)	 	 
	 	
              Name: RAN
      Yiyou

              姓名:
      冉义友

            	 	 
	 	
              Title:
      Director and Legal Representative

              职务:
      董事,法定代表人

            	 	 

    

     

    

         

    
      
        	PARTY
      B:    	Chongqing Foguang Tourism
      Development (Group) Co., Ltd.	 
	 	 	 
	乙方: 	重庆市佛光旅游开发(集团)股份有限公司	 
	
                 

              	
                Legal/Authorized
      Representative:

              	/s/
      RAN Yiyou	 
	 	法定代表人/或被授权人(签字)	 	 
	 	
                Name:
      RAN Yiyou

                姓名:
      冉义友

              	 	 
	 	Title:
      Director and Legal Representative 

                职务:
      董事,法定代表人

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]