Document:

Unassociated Document

     

    Exhibit 10.26

    
 

    Labor
Contract

    

    1. Basic
Information of the Parties

    

    (1) Party
A (Employer): Tianjin
Tianshi Biological Development Co., Ltd.

    

    Legal
Representative(or Principal Responsible Person): Li Jin
Yuan____

    

    Address:
WuQing Development
Zone, Tianjin New Tech Industry District

    

    Phone:
022-82124400_____________________________________

    

    (2) Party
B (Employee):_Wan
Zheng__________________________________

    

    Address
(current residential address):__________________________

    

    ID card
number (or other effective identification document number):
______________________________________________________

    

    Phone:
__________________________________________________

    

    2. Term
of the Contract

    

    (3) The
term of the contract is of _one (1)__of the
followings:

    

      1)
The term of this contract is _five (5)_years one (1) month and
twenty eight
(28) days from _November 3, 2008 to
December 31,
2013.

    

      2)
The term of this contract is unfixed, from _____ date, ________ month, the
year of ______.

    

            3)
As per the duration for finishing a specific job, both parties agree as
follows:

    ___________________________________________________

    

    (4) The
probation of the contract is ___N/A___ month (day),
from ______ date, ___month, the year of ______ to ______ date, ______ month, the
year of ______.

    

    3. Duties
and Locations of the Work

     

    (5) To
fulfill the needs of business and work requirements of Party A, Party B agrees
to retain the position of _Chief Financial
Officer_. See detailed functions of the position in Functions Instruction
Handbook of Tianshi Group Co., Ltd..

    

    (6)
Locations of the work: at Tianshi Group Co., Ltd. (and its
subsidiaries)

     

    (7) See
detailed duties of the position in the position descriptions section set forth
in Functions Instruction Handbook of Tianshi Group Co., Ltd..

    

    4. Work
Hours, Leaves and Vacations

     

    (8) In
consideration of the functions and duties of the Party B, Party A adopts one of
the following work hours system: N/A.

    A. The
standard work hours system:

    B. The
work system of comprehensive calculation of work hours:

    The work
hours of Party B are arranged as below: __________

    C. The
unfixed work hours system:

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (9) In
the event that Party A requires Party B to work overtime due to its needs of
business operations, Party A shall comply with relevant regulations of the State
and Tianjing City, and its relevant approval procedures.

     

    (10) In
addition to vacations and leaves Party B is entitled to in accordance with laws
and regulations of the State, Party A and Party may agree extra vacations s
follows:

      1)______

      2)______

      3)______

    

    5. Remunerations

    

    (11)
Party A shall pay Party B monthly in cash, the pay date is the tenth day of each
month.

    

    (12) The
remunerations of Party B in probation is N/A
month.

    

    (13) The
detailed paying methods, standards and relevant terms of remunerations are as
follows:

      1)
Yearly remunerations: USD$80,000, paid
monthly in twelve months.

    

    6. Social
Insurance and Welfare

     

    (14)
Party A and Party B agree to join the social insurance, including senior care,
unemployment, medical care, employment injury, and maternity in accordance with
regulations of the State and Tianjing City, and perform the obligation of paying
premium to guarantee that Party B can enjoy the rights to all kinds of social
insurance.

     

    (15)
Party A shall deduct the insurance premium Party B should pay from Party’s B
salary and pay for it on Party B’s behalf.

    

    7. Labor
Protection, Work Conditions and Employment Injury Protection

     

    (16)
Party A shall strictly comply with the rules and regulations stipulated by the
State and Tianjin City to conduct the training for Party B on production safety
and operating procedures, and use its best efforts to improve work conditions so
as to protect Party B's safety and health in the course of
production.

     

    (17)
Party A shall provide labor protective appliances to Party B in accordance with
the laws, regulations and rules of State and Tianjin City, and provide the
health examination to Party B in accordance with relevant rules.

     

    (18)
Party B shall strictly abide by the rules on labor safety and hygiene and rules
on safe operations in the work process.

     

    (19) If
Party B suffered from occupational disease, employment injury or death, Party A
shall provide Party B all kinds of treatments in accordance with the relevant
rules of State and Tianjin City.

    

    8.
Cancellation, Termination and Renewal of the Labor Contract

     

    (20)
Party A and Party B shall comply with the Labor Contract Law, when bilaterally
or unilaterally cancel or terminate this contract.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (21)
Party B shall complete the handover procedure within thirty (30) days upon the
cancellation or termination of this contract. The details of the handover lists
Party B shall comply with when both parties cancel or terminate this contract
are as follows:

    1. In accordance with the
relevant management rules of Party A.___________________

    2.
____________________________________________________________________

    3.
_____________________________________________________________________

    Party A
shall pay Party B economic compensations and provide the certificate of the
cancellation or termination of this contract when Party A and Party B complete
the handover procedure.

    

    9
Liabilities of Breach and Breach Penalties

    

    
      	
               
      

            	
              (22)
      In the event that Party A paid the professional training expenses for
      Party B, both parties agree the period of work and the breach penalty as
      follows:

            

    

      1)______

      2)______

      3)______

      4)______

      5)______

     

    (23) If
Party B is one of the executive management personnel, senior technical
professionals and other personnel that shall assume the confidential
obligations, both parties agree the scope , geographic area, period of time,
economic compensations and liability of breach of the non-compete covenant as
follows (or see the special agreement both parties signed):

      1) See the confidentiality
agreement signed by and between both parties__

    

    10. Other
covenants

     

    (24) Both
Parties, in accordance with the legal, fair, equal and voluntary principles,
agree the followings:

      1)
See the “Group
Contract” and the “Regulation of Payment of Wages.”

    
      	
               
      

            	
                2)
      Party B shall
      carefully read all the policies and procedures of Party A, and complies
      with them.

            

    

    

    11. Labor
Disputes

     

    (25) Any
disputes arising from and in connection with the performance of this contract
shall be solved through negotiations by both parties. In the event that both
parties fail to solve the disputes through negotiations, either party may apply
for arbitration to the labor dispute arbitration committee with the
jurisdiction. In the event that either party disagrees with the arbitration
award, it may file a suit at the People's Court.

    

    12. Other
Matters

     

    (26) Any
matters not covered in this contract shall be performed in accordance with
relevant laws, regulations and rules of the State and Tianjin City. In the event
that no relevant laws, regulations and rules apply, both parties shall negotiate
to resolve the matter.

     

    (27) In
the event that the terms of this contract are contrary to laws and regulations
of the State and Tianjing City, the laws and regulations of the State and
Tianjing City shall prevail.

    

    (28) Both
parties shall carefully read this contract to understand their rights and
obligations.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (29) This
contract shall become effective upon signing and sealing this contract by both
parties. Both parties shall strictly comply with the contract. This contract is
in two originals. One for each party.

    

    
      	
              Party
      A: (Seal)  Tianjin Tianshi Biological Development Co.,
      Ltd

              Legal
      Representative or Entrusted Agent:

               

              /s/ Li Jin
      Yuan

              Li
      Jin Yuan

              Date:
      November 3, 2008

            	
              Party
      B: Wan Zheng

               

              /s/ Wan
      Zheng

               

              Date:
      November 3, 2008

            

    

    

    This is
to certify that the contract conforms to the regulations of the laws and
regulations of the State and Tianjin City through examination and
verification.

    

    Certifying
Authority (Seal):                                Certifying Person
(Seal):

     

     

      
        

      

    

    

    Date:Exhibit
10.27

     

     

    PROPERTY
TRANSFER AGREEMENT

     

     

    

     

    This
Agreement is entered in Wuqing Tianjin on the day of December 25,
2008.

     

    PARTY A
(TRANSFERRER): TIANJIN TIANSHI BIOLOGICAL DEVELOPMENT CO., LTD.

     

     

    PARTY B
(TRANSFEREE): TIANJIN TIANSHI GROUP CO., LTD.

     

     

     

    In the
principle of fairness and mutual benefits, Party A and Party B reach the
provisions set forth below after negotiation regarding transfer of the
properties from Party A to Party B:

     

     

    Article
1  Information of the properties

     

     

    The
properties transferred hereby are located at No. 6 Yuanquan Road, Wuqing
Development Area, Tianjin Hi-Tech Industry Park, China. The overall building
size is approximately 9974.31 square meters. The details of the properties are
showed in Exhibit 1.

     

     

    Exhibit
1. Property transfer list

     

    
      	
              Order

            	
              Properties

            	
              Construction
      Size(M2)

            	
              Property
      Title Certificate

            	
              Lawful
      Purpose

            
	
              1

            	
              Workshop
      1

            	
                     863.25

            	
              Wu
      Qing Zi No.220050330

            	
              Industrial

            
	
              2

            	
              Workshop
      2

            	
                       3848.82

            	
              Wu
      Qing Zi No.220050330

            	
              Industrial

            
	
              3

            	
              Workshop
      4

            	
                     1909.44

            	
              Wu
      Qing Zi No.220048143

            	
              Industrial

            
	
              4

            	
              Dinning
      Hall

            	
                     3352.80

            	
              Wu
      Qing Zi No.220048143

            	
              Industrial

            

    

     

     

    Article
2  The Scope of the properties and consideration

     

    2.1 Both
of the two parties agree that Party A transfers the above listed properties to
Party B.

     

     

    2.2 The
transfer fee of the properties is Renminbi 32,800,000.00 Yuan.

     

     

    
      
         

      

      
        Page 1 of
3

        
          

        

      

      
         

      

    

     

     

    Article
3  Payment

     

    The
transfer agreement is signed by both parties, and Party B shall payoff all
property transfer fees lay-away after this agreement is entered. The amount of
each batch of payment should be settled by negotiation.

     

    Article
4  Representations and Warranties

     

    Party A
represents and warrants that it has the complete rights over the subject
constructions and land use right. The property transfer herein will not breach
any contract to a third party, or violate a third party’s rights, or result in
any liability of Party B to a third party. Party A agrees to settle any dispute
or claim hereby if any and indemnifies Party B any losses due to such
claims.

     

    The
damage risk relating to the subject constructions will transfer along with their
delivery. Party A agrees to bear the damage risk prior to the delivery and Party
B agrees to bear the damage risk as of the delivery.

     

     

    Article
5   Force majeure

     

    5.1 Performance
exemption.
Neither party is entitled to claim its losses in the case that either
party is unable to perform this agreement in part or in the whole, or
the performance is unnecessary due to the force majeure. 

     

    5.2 Force
majeure means accidents that are unpredictable and unavoidable, including
but not limited to: earthquake, typhoon, flood, fire, embargo, sturt or war, but
not including the requesting party’s financial difficulty or construction
removal or requisition by the government.

     

    5.3 The
effected party shall promptly notify the other party within seven days or
as early as possible through an effective communication way as of the day
when an accident happens.

     

    5.4
Accidents that happen after delay of performance can not exempt the liability of
the breaching party.

     

    Article
6  Termination

     

    In the
case that one party fails to perform the agreement even after the other party’s
written notice, the abiding party has right to terminate the
agreement

     

     

    
      
         

      

      
        Page 2 of
3

        
          

        

      

      
         

      

    

     

     

    and is
exempted from any liabilities hereby. The breaching party shall indemnify the
abiding party’s losses, if any.

     

    Article
7   Controversy jurisdiction

     

    Any
dispute arising from or in connection with the agreement shall be settled
through good faith negotiation between the parties. In the event of no
settlement is concluded, parties are entitled to lodge a complaint to the court
where the fixed assets locate.

     

    Article
8  This agreement is effective as of the signing of the
statutory/authorized representatives and sealing of both parties.

     

    Article
9 Any supplemental agreement by and between both parties is an
undivided part of this agreement and has the same legal effect.

     

    Article
10  This agreement executes in four copies. Each party holds
two.

     

     

    Party A:
Tianjin Tianshi Biological Development Co., Ltd

     

     

    By:  /s/ Yiqun
Wu

    Name:  Yiqun
Wu

    Title:  Legal
Representative

     

     

     

    Party B:
Tianjin Tianshi Group Co., Ltd

     

    By:  /s/ Jinyuan
Li

    Name:  Jinyuan
Li

    Title:  Legal
Representative

     

     

     

     

     Page
3 of 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]