Document:

Exhibit 10.11

 

Sales Agreement

 

 

	Customer: China National Tree Seed Corporation	Contract No.:
	 	 
	Supplier: Zhejiang FLS Mushroom Co., Ltd	Signed at:

 

Contract Date:

1. Product, unit, quantity, price per unit,
and total amount

	No.	Product Name	Unit (Ton)	Quantity	Price Per Unit (RMB)	Total Amount (RMB)	Note
	1	 	 	 	 	 	 
	2	 	 	 	 	 	 
	 	 	 
	Total amount (RMB) (including tax):	 

 

2. Payment method and term: Customer will
pay Supplier once they receive a value-added tax invoice.

 

3. Quality requirements: to meet the national
requirements for related agricultural products.

 

4. Place and method of delivery: the warehouse
in No. 888 Tianning Street, Lishui, Zhejiang. Customer is responsible for picking up.

 

5. Transportation and expenses: Customer
picks up the goods and bears the transportation costs.

 

6. Package standard and requirements: the
packages should be qualified for multiple loads and unloads and to endure long-distance transportation. Package standard is to
ensure the goods will reach destination safely and in undamaged condition with normal multiple loads and unloads.

 

7. Inspection standards and methods: to
meet the quality standard as required by Customer. If Customer does not express any disagreement on the quality upon receiving
the goods, it will be considered as qualified.

 

8. Financial responsibility: as required
by law, the governing law of this agreement is the law of signing place. This agreement will take effect as of the date of signing
and is binding to both parties. None of the parties could make changes to or terminate this agreement unilaterally within the execution
period of this agreement.

 

9. Others: if any other issues occur, supplemental
agreements can be added after negotiation between both parties. Supplemental agreement is equally effective as this agreement.

 

10. Effectiveness and
changes: this agreement will take effect once the seals of both parties are affixed. Any changes can be made with written consent
of both parties.

 

     

     

    

 

For Corporate Chop:

 

	Customer	Supplier
	Name:  China National Tree Seed Corporation  	Name:  Zhejiang FLS Mushroom Co., Ltd  
	Address: No. 20 Anyuan Rd, Chaoyang District, Beijing, China	Address: No. 888 Tianning Street, Lishui, China
	Legal Representative: Weicheng Zhu	Legal Representative: Yefang Zhang
	Bank:	Bank:
	Account No.:	Account No.:
	Tax No.	Tax No.
	Postcode: 1000029	Postcode:  323000Exhibit 10.12

 

Sales Agreement

 

	Customer: China National Forest Products Corporation	Contract No.:
	 	 
	Supplier: Zhejiang FLS Mushroom Co., Ltd	Signed at:

 

Contract Date:

1. Product, unit, quantity, price per unit,
and total amount

	No.	Product Name	Unit (Ton)	Quantity	Price Per Unit (RMB)	Total Amount (RMB)	Note
	1	 	 	 	 	 	 
	2	 	 	 	 	 	 
	 	 	 
	Total amount (RMB) (including tax):	 

 

2. Payment method and term: Customer will
pay Supplier once they receive a value-added tax invoice.

 

3. Quality requirements: to meet the national
requirements for related agricultural products.

 

4. Place and method of delivery: the warehouse
in No. 888 Tianning Street, Lishui, Zhejiang. Customer is responsible for picking up.

 

5. Transportation and expenses: Customer
picks up the goods and bears the transportation costs.

 

6. Package standard and requirements: the
packages should be qualified for multiple loads and unloads and to endure long-distance transportation. Package standard is to
ensure the goods will reach destination safely and in undamaged condition with normal multiple loads and unloads.

 

7. Inspection standards and methods: to
meet the quality standard as required by Customer. If Customer does not express any disagreement on the quality upon receiving
the goods, it will be considered as qualified.

 

8. Financial responsibility: as required
by law, the governing law of this agreement is the law of signing place. This agreement will take effect as of the date of signing
and is binding to both parties. None of the parties could make changes to or terminate this agreement unilaterally within the execution
period of this agreement.

 

9. Others: if any other issues occur,
supplemental agreements can be added after negotiation between both parties. Supplemental agreement is equally effective as this
agreement.

 

10. Effectiveness and
changes: this agreement will take effect once the seals of both parties are affixed. Any changes can be made with written consent
of both parties.

 

     

     

    

 

For corporate chop:

 

	Customer	Supplier
	Name: China National Forest Products Corporation  	Name:  Zhejiang FLS Mushroom Co., Ltd  
	Address: No. 20 Anyuan Rd, Chaoyang District, Beijing, China	Address: No. 888 Tianning Street, Lishui, China
	Legal Representative: Zhan Lin	Legal Representative: Yefang Zhang
	Bank:	Bank:
	Account No.:	Account No.:
	Tax No.	Tax No.
	Postcode:	Postcode:Exhibit

l

December 29, 2014
Sherry A. Quirk
4308 46th St NW
Washington, D.C. 20016

Dear Ms. Quirk:
I am pleased to offer you the position of Executive Vice President and General Counsel with the Tennessee Valley Authority ("TVA") in Knoxville, Tennessee effective February 2, 2015.  This position is responsible for providing legal assistance, counsel and advice to the Board of Directors and all of TVA in compliance with the TVA Act and other applicable laws, regulations, and legal requirements.  Other responsibilities include serving as Secretary of the organization and directing and managing the Ethics function.
Upon employment in this position, TVA will provide you an annual salary of $450,000, which will be payable on a biweekly basis.
Additionally, you will be included as a participant in TVA’s Executive Annual and Long-Term Incentive Plans.  Under the Annual Incentive Plan, your annual incentive opportunity will be 60 percent of your annual salary beginning in fiscal year 2015 (October 1, 2014 through September 30, 2015).  Your annual incentive award for FY 2015 will be prorated based on the number of full months you participate in the annual performance period.  Under the Long-Term Incentive Plan, your incentive opportunity will be 120 percent of your annual salary beginning with the three-year performance cycle ending on September 30, 2015 (October 1, 2012 through September 30, 2015).  Your long-term incentive awards will be prorated based on the number of full months you participate in the three-year performance cycles ending in September 2015, September 2016, and September 2017.  Actual annual and long-term incentive awards are based on performance measured against performance goals established at the beginning of each performance period.  The incentive awards are generally paid in the first quarter of the fiscal year following the fiscal year in which they are earned.
You will also be included as a participant in TVA’s Long-Term Retention Incentive Plan and, in the month following the effective date of your employment, will be granted an initial award in the amount of $150,000.  The award represents your right to receive a lump sum cash payment in that amount (less any applicable taxes or withholdings) which will become fully vested on December 31, 2017, assuming that you have continuously remained employed by TVA in good standing through that date.  Awards are granted annually, during the second quarter of each fiscal year (typically in January) following an annual compensation review.  Actual awards granted under this Plan are at the discretion of the President and Chief Executive Officer.  Each award represents the right of the participant to receive a lump sum cash payment subject to the stated vesting requirement (typically three years).  
Due to the nature of this position, you will also be included as a participant in TVA’s Supplemental Executive Retirement Plan (SERP) at the Tier 1 level.  A general outline of how the SERP calculation works was provided to you to use in your consideration of this offer.
In connection with your move to Tennessee, TVA will pay for the actual and reasonable travel and moving expenses, including home closing costs, for you and your immediate family.  TVA's relocation services program will also be available to assist you in the sale of your present home.  These relocation benefits must be repaid in full to TVA if, within one year of the effective date of your employment, (i) you voluntarily terminate employment unless the separation is for reasons beyond your control and acceptable to TVA, or (ii) if you are terminated for cause.

Sherry A. Quirk
Page 2 
December 29, 2014

In addition to relocation benefits, TVA will provide you a recruitment and relocation incentive in the amount of $150,000, which will be paid to you in two $75,000 lump-sum payments, less any applicable taxes and withholdings.  The first payment will be made as soon as practical following the commencement of your employment and the second payment will be made one year following your date of employment.  The first recruitment and relocation incentive payment must be repaid in full to TVA if, within one year of the effective date  of  your employment,  (i) you voluntarily terminate employment unless the separation  is for reasons beyond  your control and acceptable to TVA, or (ii)  if you are  terminated  for cause.  The second payment must be repaid in full to TVA if, within the second year of employment, (i) you voluntary terminate employment unless the separation is for reasons beyond your control and acceptable to TVA, or (ii) if you are terminated for cause.
If your employment with TVA is terminated without cause, TVA will pay you a lump-sum payment in an amount equal to one years' annual salary as soon as practical following the termination of your employment.
If, within the first two years of employment with TVA, the current TVA Chief Executive Officer (CEO) no longer occupies the position of CEO and your employment with TVA is terminated, TVA will pay you a lump-sum payment in an amount equal to one years' annual salary as soon as practical following the termination of your employment. The provision shall not apply and no lump-sum payment will be made in the event your employment is terminated "for cause" (as defined below).
For purposes of this offer letter, termination "for cause" shall be defined as termination as a result of any act on your part resulting in or involving any of the following: (1) insubordination, intentional neglect of duties, or refusal to cooperate with investigations of your or TVA's business practices; (2) criminal indictment or conviction of a felony or crime of moral turpitude; or (3) misconduct involving dishonesty, fraud, or gross negligence that directly results in significant economic or reputational harm to TVA.
During your employment, you will be eligible to participate in all TVA-sponsored employee benefits plans and qualified retirement plans available to new management and specialist employees at TVA.  Information and materials regarding these plans, including the benefits provided under them, will be provided to you.
Our employment staff will contact you to coordinate in-processing activities.  Your employment will be subject to the usual employment procedures and satisfactory results of a security investigation, which will include a drug screen.  This position may also require, and is subject to your receiving, a top secret security clearance and a nuclear security/safeguards clearance.
If you have questions, or if I can be of assistance in any way, please do not hesitate to call me.  We look forward to your acceptance and joining the TVA team.
Please sign below indicating your acceptance of this offer.
Sincerely, 
	
	
	/s/ Katherine J. Black

	Katherine J. Black

	Senior Vice President
Human Resources & Communications

 
	
		
	/s/ Sherry A. Quirk                                                
	December 29, 2014                                              

	Sherry A. Quirk
	Acceptance Date

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