Document:

Unassociated Document

    EXHIBIT
      10.1

    

    English
      Translation

    

    Tianjin
      Shunli Enterprise Co., Ltd.

    

    Henan
      Zhongpin Food Share Co., Ltd.

     

     

    Assets
      Lease Agreement

    

    6th
      of September, 2007

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Lease
      Agreement

     

    Party
      A (lessor): Tianjin
      Shunli Enterprise Co., Ltd.

    

    Address:
      Southern
      Section of Chunxi Road, Economic Development Zone, Tianjin City, Jinghai
      County

    

    Legal
      Representative:
      Guo
      Youli 

    

    Title:
      Chairman of the Board

    

    Party
      B (lessee):
      Henan
      Zhongpin Food Share Co., Ltd.

    

    Address:
      21
      Changshe Road, Changge City, Henan Province

    

    Legal
      Representative:
      Zhu
      Xianfu

    

    Title:
      Chairman of the Board

    

    Whereas.

    

    Through
      holding a shareholder’s meeting on the 10th
      of
      August, 2007, Party A agreed to lease its assets to Party B under this
      agreement. Party B held a Board of Directors meeting on the10th
      of
      August, 2007 and agreed to lease Party A’s assets. In order to use the
      production capacity of Party A’s equipment to maximize the economic benefits for
      both parties and create a win-win situation, Party A and Party B agreed to
      enter
      into this agreement and carry it out as follows according to “The Economic
      Contract Law of the People's Republic of China,” and other related laws and
      regulations :

    

    Section
      One   Basic Conditions of Lease

    

    1.
      Location of Lease:

    

    The
      facility is located at Southern Section of Chunxi Road, Economic Development
      Zone, Tianjin City, Jinghai County.

    

    2.
      Scope
      of Lease:

    

    Party
      A
      owns live pig slaughtering, cutting, refrigeration and cold storage equipment
      and also has workshops, office buildings, workshops for preparing food,
      dining-rooms, guard houses, and some buildings that serve as both office
      buildings and domicile. The equipment includes but is not limited to water
      and
      electricity, a dirt-discharge facility, abattoir, logistics, dwelling house,
      office building and other establishments, manufacturing instruments, lands
      related to the above lease, a boundary wall and so forth.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    However,
      the following assets: (1) The second floor for the office and domicile and
      its
      office equipment is not included.(2) Since the office building, which is not
      completed, has not been leased, Party A shall not lease it . When Party B needs
      to use it, Party A may retain the third-floor and Party A can use other parts
      of
      the building free of charge. (3) The building shall be available for use within
      three months after the agreement has been entered into.

    

    The
      above
      assets are based on the “Lease List” attached to this agreement. 

     

    
      
        
          
            1.
              Function
              and Purpose of Lease

          

        

        
        

         

      

    

    Slaughter
      and processing for pig purchase, refrigeration and sales. 

    

    If
      Party
      B needs to renovate and expand any part of the facilities, such construction
      will be performed under the premise of protecting the assets of Party A and
      improving its efficiency; Party A shall cooperate and Party B shall assume
      all
      expenses. If Party B needs to change the functionality in use of any facility,
      it is necessary for Party A to agree to any such changes. The expenses
      attributed to changing such functionality will be assumed by Party
      B.

    

    Section
      Two   Delivery Standard of Lease 

    

    
      
        
          1.The
            delivery standard of the lease means the standard with which the lessor
            delivers
            the lease to the lessee.

        

      

    

     

    2.
      The
      manufacturing equipment shall operate as in its standard condition without
      deformity and damage and the Lease List shall have a clear indication of age,
      place of production, brand and so forth.

    

    3.
      The
      buildings and equipment shall work well as in their standard condition and
      the
      Lease List shall contain a clear indication of quality, condition, year of
      purchase, place of production, brand and so on. 

    

    Section
      Three   Lease Term

    

    1.
      Both
      Party A and Party B agree that the term for the above lease will be three years
      from the 19th
      of
      September, 2007 to the 18th
      of
      September, 2010.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.
      If
      Party B needs to continue leasing the assets after the lease’s expiration, Party
      B shall give written notice to Party A one month before such expiration. After
      receiving such notice, Party A shall notify Party B in writing whether it agrees
      to continue leasing the assets to Party B. Through negotiation, the two parties
      can agree to renew the contract. 

    

    3.
      During
      the lease and after its expiration, if a third party needs to lease or purchase
      the leased assets from Party A, Party B shall have priority under the same
      conditions.

    

    Section
      Four   Rent Terms and Payment Methods 

    

    1.
      Rent
      standard: Party B shall pay ¥5,600,000
      per year
      for leasing the assets of Party A and total rent expenses for the three years
      shall be ¥16,800,000.

    

    2.
      The
      first
      rent payment due under the lease shall be prepaid, i.e. ¥2,000,000 shall be
      prepaid within 15 days after entering into this agreement. Thereafter, the
      rent
      shall be paid once quarterly at the beginning of the quarter, that is, within
      the lease term, the next quarter’s rent of ¥1,400,000 shall be paid by the end
      of the last quarter of this fiscal year. The rent shall be paid directly from
      the prepaid funds. However, when the prepaid funds are not enough to pay the
      next term’s rent, Party B shall pay according to the terms of the
      agreement.

    

    3.
      If
      Party
      B pays the rent according to the agreement, Party A shall send a normal invoice
      7 days before such rent is due. Party B shall telegraph money to the account(s)
      appointed by Party A.

     

    Section
      Five   Delivery of Lease

    

    1. 
      Within
      10 days after entering into the agreement, Party A shall provide the list of
      leased assets to Party B and the two parties shall approve the first test of
      the
      leased assets.

    

    2.
      After
      the first test of the leased assets, Party A shall bring forward the equipment
      and establish which items are subject to quality problems so that Party B may
      repair or acquire them within three days for the purpose of the lease
      agreement.

    

    3.
      Within
      15 days of entering into the agreement, Party A shall deliver the leased assets
      to Party B for its use. If the date does not disagree with the beginning date
      of
      the lease term, this date shall be regarded as the beginning date of the lease
      term. The end date of the lease term shall be adjusted accordingly.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.
      When
      delivering the lease, both parties shall sign or seal their names to the Lease
      List. At the time of delivery, the time of delivery marks the dividing point
      between the use occupied by lease management and related
      responsibilities.

    

    5.
      If
      Party A delivers equipment with quality problems or flaws to Party B, Party
      B
      can refuse to accept it and remove the goods from the list. However, if such
      equipment influences Party B in realizing the purpose of the agreement, Party
      A
      shall be responsible to repair it to its normal standard for use. If Party
      A
      delays in making such repair, Party B can repair it by itself or ask a
      third-party to repair it to its normal standard of use. The expenses caused
      by
      such repair shall be assumed by Party A and directly deducted from the
      outstanding rent.

    

    Section
      Six   Repair, Maintenance
      and Management of the Leased Assets 

    

    1.
      Party
      B shall be responsible for repair, maintenance and management of the lease
      daily, the management scope includes the affiliated establishments and land
      related to lease; Party B shall assume the management expenses while Party
      A has
      the right to supervise and check it.

    

    2.
      Party
      B shall be responsible for discovering hidden problems in time to prevent risks
      from occurring.

    

    3.
      Party
      A shall be responsible for any equipment repair and acquirement which results
      from any normal deterioration of the leased equipment, when such deterioration
      results in such equipment needing to be replaced due to normal use and other
      non
      man-made factors, including but not limited to earthquake and so forth, and
      Party A shall assume such related expenses. 

    

    4.
      Party
      A shall be responsible for “Overhaul” expenses during the lease. Overhaul
      expenses refer to repairs of any one piece of equipment or building which
      requires in excess of 10,000 yuan to repair. When estimated repair expenses
      for
      any single piece of equipment or building are more than 10,000 yuan, Party
      B
      shall notice Party A in writing and both parties shall confirm the repair and
      maintenance parts. However, Party A must not delay to repair them without
      reason, otherwise, Party B can postpone the rent term in terms of the delayed
      time or deduct related rent; Party B will assume all maintenance expenses under
      10,000 yuan. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5.
      Party
      A shall be responsible for, and assume any related expenses to, the annual
      survey and audit of the assets in order to guarantee the normal use during
      the
      lease. 

    

    6.
      If
      during the lease, some low value articles, such as Iron Box, or other articles
      without repair value, cannot be used any more, Party B shall deliver them to
      Party A. Therefore, Party A shall deal with related procedures and Party B
      shall
      be no longer responsible for those items.

    

    7.
      During
      the lease, Party B shall be responsible for the safety and management of lease
      assets of Party A except for undelivered assets; some public establishments
      used
      by both parties, such as roads, stairs and assembly room and so on, which
      establishments shall be managed by the Party who utilizes the space more than
      the other while the other party shall cooperate. However, the managing party
      shall not refuse to allow the other party use unreasonably. 

    

    Section
      Seven   Management of Consumable Energy Sources, Raw Materials,
      Low-Value Consumption Goods, Work
      Tool, Parts and Accessories

    

    1.
      On the
      day when Party A delivers the lease assets to Party B, Party A shall verify
      and
      hand over the consumable energy sources, including water, electricity and
      gasoline. Party A shall be responsible for the expenses before verification
      while Party B shall be responsible for the costs after verification.

    

    2.
      Party
      B can purchase the present materials and low-value consumption goods from Party
      A with a one-off payment according to the current marketing prices; however
      Party A can keep and deal with them if both parties cannot reach
      agreement.

    

    3.
      When
      Party A hands over the work tools and parts and services purchased by itself,
      it
      is necessary to give a clear indication of place of production, names, brands,
      years used and purchase prices; after rescission or termination of the
      agreement, Party B shall return any destroyed and used equipment in equal
      quality and quantity or compensate in terms of the prices purchased by Party
      A.

    

    4.
      All
      accessories provided free of charge, including but not limited to instruction,
      blueprints, work tools, parts and so forth will be taken handed over at one
      time
      and any registration free of charge by Party A must not be hidden or destroyed.
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Section
      Eight   Creditor’s Rights and Liabilities

    

    1.
      Since
      it is a lease agreement and Party A and B both are independent companies, the
      rights and liabilities of both parties at the time of contract shall have no
      relation to the lease of assets and Party A and B shall not be responsible
      for
      each other’s creditor’s rights and liabilities. 

    

    2.
      If
      any
      rights and liabilities are assumed by either party during the term of lease,
      each shall take their respective responsibilities and the other Party shall
      not
      take related responsibility and will not also assume any additional duties
      due
      to the termination of the agreement.

    

    Section
      Nine   Labor Employment

    

    1.
      Since
      the agreement is a lease and Party A and B are both independent companies,
      Party B shall not be responsible for former employees of Party A; Party B can
      hire new employees publicly in terms of national laws and regulations, however,
      under the same condition, the former employees can be chosen according to their
      achievement and capability; after former employees are hired by Party B, their
      salaries and benefits will be consistent to those of other employees hired
      publicly.

    

    2.
      Party
      A shall take charge to deal with any problem before transfer of the employees.
      Party B shall not be responsible for that. 

    

    3.
      Party
      B shall preside over the safety of all employees, salaries, benefits and
      expenses independently while Party A shall have no responsibility for those
      items.

    

    Section
      Ten   Return of Lease 

    

    1.
      After
      the agreement is rescinded or terminated, Party B shall be responsible for
      the
      rights and duties caused by him during the lease, settle all payable expenses
      and return the lease within 20 days.

    

    2.
      According to the “Lease List,” Party B shall submit the return report to Party A
      in writing within three days after rescission or termination of the agreement.
      Party A shall verify the return lease within seven days after it has been
      returned. If the return of the lease is not verified by Party A after more
      than
      seven days, Party B shall be considered to have carried out his duty in terms
      of
      the agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.
      After
      the
      lease assets are verified by both parties, Party B shall repair or purchase
      the
      lost and destroyed equipment and establishment brought forward by Party A within
      three days in order to guarantee the assets of Party A are in good
      condition.

    

    4.
      During
      the lease, the assets purchased by Party B shall belong to Party B. After
      rescission or termination of the agreement; Party B can may offer the items
      at
      reasonable prices to Party A or take them for itself. However, Party B shall
      remove any of its own equipment or structures which it set up on the premise
      so
      long as it does not influence the security, function or cause any damage from
      such removal.

    

    Section
      11   Lease cooperation

    

    1.
      Party
      A shall assist Party B in completing registration before Party B sets up Tianjin
      Zhongpin Food Co., Ltd.; this agreement shall be implemented by Tianjin Zhongpin
      Food Co., Ltd. which is wholly-owned by Party B.

    

    2.
      Tianjin Zhongpin Food Co., Ltd., which is wholly-owned by Party B, shall
      use Party A’s lease objectives, and shall run its business
      accordingly. Party B shall operate its business independently, check accounts
      independently, and take on full responsibility for the success of its
      business.

    

    3.
      Party
      A shall freely provide records containing the provisions of all of the current
      raw materials and subsidiary materials with its customers and with some other
      public relations which are good for Party B’s business and
      operations.

    

    4.
      Party
      A shall pay for fees including test fees, water, water quality testing fees
      and
      all other official fees and various taxes incurred during the production and
      operation period; Party B shall also pay for the physical examination fees
      of
      its staff during the cooperation period; During the lease period, pollution
      discharge fees shall be paid by Party A assuming the amount owed is 8,000 RMB
      or
      less per quarter, but Party B shall pay for the fees which exceed 8,000 RMB
      per
      quarter. 

    

    5.
      During
      the lease period, the carcass meat and red meat produced by Party B shall be
      sold under the “Shun Li” brand owned by Party A, while the cut meat can be sold
      under Party B’s brand; Party A shall be responsible for maintaining market order
      and management. The carcass meat, red meat and cutting meat are sold in the
      northeast and Tianjin area. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.
      Party
      A can authorize Party B to use the “Shun Li” brand freely with 7 days after
      signing the contract and registering with the business administration. The
      authorized term is the same as the lease term and Party B shall use equipment
      and facilities owned by Party A to produce carcass meat.

    

    7.
      The
      packaged carcass meat is sold under the “Shun Li” brand is designed, produced
      and the package fees paid by Party B.

    

    8.
      If
      both Parties get governmental allowance, such allowance shall be shared at
      the
      ration of Party A 1: Party B 2, that is, Party A shares 1/3 while Party B shares
      2/3. The share distribution automatically terminates when this policy
      terminates. 

    

    9.
      Obtaining government allowance is the responsibility of Party A with assistance
      provided by Party B. The fees incurred shall be taken by Party A, but shouldn’t
      be offset by the allowance. Party A shall pay the allowance to Party B directly
      on the second day of obtaining the allowance, not including any offset of rent
      approved by Party B. 

    

    10.
      During the lease term, Party A is responsible for reporting, communicating
      and
      coordinating with the local government and governmental functional departments
      to ensure Party A enjoys the same or better favorable policies than Party B
      enjoys (including but not limited to examination fees); and ensure that Par
      B
      has good security and external environment. 

    

    11.
      During the lease period, Party A shall make efforts to get funds support from
      local government and functional departments to put into related
      programs.

     

    Section
      12    Party A’s Rights and Obligations

    

    1.
      Party
      A has the right to sign the contract and shall be bound by it after the contract
      takes effect.

    

    2.
      Party
      A shall have the right to demand Party B to pay rent according to the agreed
      amount and mode

    

    3.
      Party
      A shall maintain all ownership rights in the leased property. Party A shall
      ensure Party B’s integrity and security of the leased property.

    

    4.
      Party
      A pledges the leased property ownership belongs to Party A and that
      it of hasn’t rented its use rights out to a third Party.

    

    5.
      Party
      A guarantees there is no disagreement on ownership and shall not affect Party
      B's normal production and operation activities due to Party A’s
      reasons.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.
      Party
      A pledges that in the lease term, Party A shall not place any new
      limitations regarding other rights. 

    

    7.
      Party
      A pledges, in the lease terms, it won’t affect Party B’s business due to being
      an original holder of the leased property or exercise its mortgage
      right or use arbitration or other enforcement rights. 

    

    8.
      Party
      A pledges the dated of the termination date of this agreement, the
      leased property shall be available for use.

    

    9.
      Party
      A pledges not to intervene in Party B’s formal business and
      operation.

    

    10.
      Assist Party B in petitioning the local government to strictly put favorable
      policies, coordinate and handle various social relationships during the term
      of
      the contract.

    

    11.
      Party
      A agrees that Party B can use Party A’s registration number for exportation
      and product certifications, and assistant manage products exportation
      procedures, Party B pays the fees incurred during the procedures of products
      exportation; Party B shall guarantee production and business management are
      operated according to the standard requirements.

    

    12.
      During the lease term, Party A can’t engage in the same production as Party B in
      the Tianjin administrative area. 

    

    13.
      Assist
      Party B conduct normal production and operations on the date of
      entry.

    

    Section
      13    Party B’s Rights and Obligations

    

    1.
      Party
      A has right to sign the contract and shall be obliged after the contract takes
      effect.

    

    2.
      Party
      B shall pay for the rent to Party A timely; if a third party controls the
      leased property that results in Party B being unable to use or
      get proceeds from the leased property, Party B has right to lessen rent or
      refuse to pay. 

    

    3.
      Party
      B pledges not to engage in illegal activities on
      the leased property.

    

    4.
      Party
      B is responsible for the maintainance and protection of the leased
      property; After gaining the consent of Party A, Party B could change or add
      other property, and conduct the technical changes or production line
      adjustments, but the added property shall belong to Party B.

    

    5.
      Party
      B shall use the leased property according to this agreement, and as the leased
      property incurs normal deterioration, Party B shall not responsible for such
      deterioration.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.
      During
      lease terms, Party B shall not be able to sell, rent, and give guarantee,
      or mortgage leased property. 

    

    7.
      If
      Party B engages in business activities which may result in property and
      health damage, Party B shall assume liability.

    

    8.
      The
      products produced by Party B shall be offered to Party A with priority
      at the same market price.

    

    9.
      Party
      B shall pay the taxes which are involved in the business.

    

    10.
      Party
      B shall protect the property well during the lease, Party B shall pay the repair
      fees in the event of damage Party A’s property.

    

    Section
      14    Breaching Obligations

    

    1.
      In the
      event that Party A fails to deliver the lease to Party B or Party B fails to
      return the lease to Party A during the leasing period according to the
      Agreement, the defaulting party shall pay 50,000 yuan to the observant party
      per
      day for such delay.

    

    2.
      In the
      event that Party B fails to pay rent during the leasing period according to
      the
      Agreement, Party B shall pay a defaulting penalty in the amount of 1.5‰ of
      the part of the deferred rent per day. 

    

    3.
      Once
      the mortgagee of the leasehold exercises the lien that affects Party B’s normal
      operation resulting from litigation or arbitration, Party A shall pay the
      penalty with the amount between 50,000 to 100,000 yuan to Party B; Party A
      shall
      pay the penalty as much as twice of the rent for the discontinuance period
      resulting from the discontinuance of the leasing agreement; for the result
      of
      the discontinuance of the leasehold agreement, Party A shall pay as much as
      twice of the rent for the unexpired term to Party B.

    

    4.
      In the
      event that either Party breaches any liability, commitment, guarantee or
      obligation under the Agreement, the defaulting Party shall pay the other party
      a
      penalty of 100,000 yuan. If such penalty does not cover the other party’s losses
      and damages, the breaching party shall be responsible for the other party’s
      losses.

    

    5.
      Should
      Party A fail to perform its obligations of replacing, maintenance, examination
      and repair stipulated in the Agreement which failure adversely impacts Party
      B’s
      normal operations, Party B may maintain, examine and repair by itself with
      all
      expenses incurred from such repair deducted from the rent expenses. Nonetheless,
      Party B shall not decrease the amount of rent due in the correlated invoice.
      In
      addition, Party B shall deliver the invoices for such repairing expenses to
      Party A.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.
      Should
      either Party terminate the Agreement in advance, it shall notify the other
      party
      at least two months prior to such termination; in the event such termination
      has
      been initiated by either party with no legal or stipulated reason, it shall
      be
      responsible paying a breaching penalty equal to the amount of rent due for
      the
      period from the date of termination to the date on which the Agreement
      expires.

    

    7.
      Should
      Party A breach the agreement under Item 5, 6 or 7 under Section 11 interrupting
      Party B’s normal operations, Party A shall be responsible for the defaulting
      liability and pay Party B a penalty equal to the total rent for the period
      from
      the breaching date to the expiration date of the Agreement. 

    

    SECTION
      15   GOVERNING LAWS 

    

    This
      Agreement and all rights and obligation hereunder shall be governed
      according to the laws and rules of the People’s Republic of China.

     

    SECTION
      16   SETTLEMENT OF DISPUTES

    

    Both
      sides shall settle the disputes arising from carrying out this agreement through
      consultation; should both parties fail to reach agreement, the parties shall
      report to the Tianjin Intermediate People's Court for arbitration.

     

    SECTION
      17   FORCE MAJEURE

    

    1.
      Force
      majeure under this contract refers to any riot, civil strife, war, adjustments
      to governmental policies, rules, or earthquake, Act of God or other
      unpredictable, unavoidable or uncontrollable reason.

    

    2.
      Should
      either party be influenced by an act of force majeure and be unable to perform
      its obligations under the contract, its liabilities and obligations shall be
      discontinued during the period of force majeure, and the term for such
      obligations shall be automatically extended until the end of the act of force
      majeure and such party shall be exempted from any related liabilities caused
      by
      the force majeure.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.
      Either
      party that encounters force majeure shall be notify the other party in writing
      immediately and provide evidence indicating the duration of the force majeure
      within 30 days after the end of the accident.

    

    4.
      In the
      events of any force majeure, either party shall negotiate immediately for the
      reasonable settlement and shall make all reasonable and fair effort to
      minimize the bad implications arising from the force majeure.

    

    5.
      If the
      duration of the force majeure exceeds 120 days and neither party reaches a
      reasonable settlement, either party can terminate the contract without
      undertaking defaulting liabilities. 

     

    SECTION
      18   MISCELLAEOUS 

    

    1.
      The
      contract shall not be revised or cancelled by either party unilaterally, and
      shall be revised or cancelled on the basis of negotiation and signing agreement
      in written form by both parties.

    

    2.
      As an
      indispensable part of this contract, the exhibits have the same legal
      effect.

    

    3.
      Regarding the clauses not mentioned in the contract, both parties shall enter
      into a supplemental agreement, which shall be an inalienable part of the
      contract with the same legal effect.

    

    4.
      The
      agreement shall be in effect upon the authoritative representatives’ signatures
      with seal.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5.
      There
      are six duplicates of the contract and each party shall hold three with the
      same
      legal effect.

    

    Exhibits.

    

    1.
      Leasehold List: facilities and equipments, buildings and affiliated facilities
      list

    

    2.
      A
      duplication of Party A’s Business Registration Certificate

    

    3.
      A
      duplication of Party B’s Business Registration Certificate

    

    4.
      A
      duplication of Party A’s Land Certificate

    

    5.
      Blueprint of Party A’s Buildings

    

    Party
      A: Tianjin Shunli Enterprise Co., Ltd.

    

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

    

    Authorized
      Representative: /s/ Guo Li (Seal)

    

    Authorized
      Representative: /s/ Xianfu Zhu (Seal)

     

     

    Date:
      September 6, 2007Stock
      Purchase Agreement

    

    This
      Agreement is entered into as of the 28 day of August 2007, by and between Robert
      Cox (“Purchaser”), the Estate of Richard Smitten who is the owner of 15,270,000
      of Smitten Press Local Lore and Legends Inc. (the “Seller”).

    

    WHEREAS,
      Seller holds an aggregate if fifteen million two hundred seventy thousand
      (15,270,000) restricted common shares of Smitten Press Local Lore and Legends
      Inc. a Nevada Corporation (“SPLI”) $.001 par value per share (the “SPLI Shares”)
      which represents approximately 68.63% of the issued and outstanding common
      stock
      of SPLI. 

    

    WHEREAS,
      Seller desires to sell the SPLI Shares to Purchaser and Purchaser desires to
      acquire the SPLI Shares in exchange for the consideration, as more fully set
      forth herein; and

    

    NOW
      THEREFORE, for the mutual consideration set out herein and other good and
      valuable consideration, the legal sufficiency of which is hereby acknowledged,
      the parties agree as follows:

    

    1.
      Acquisition. 

    It
      is
      hereby agreed that Purchaser shall acquire the SPLI Shares from Seller for
      the
      consideration set forth in paragraph 2 below. 

    

    2.
      Consideration.

    (a)
      On
      the Closing Date or at the Closing as hereinafter defined, Purchaser shall
      deliver to SPLI payment in the amount of $531,619, by wire transfer as directed
      by Seller and shall pay receivables in the amount of $68,381;

    

    (b)
      The
      Seller shall deliver the SPLI Shares to Purchaser with medallion guaranteed
      stock powers attached so as to make Purchaser the sole owner thereof, and with
      irrevocable instructions to the transfer agent of SPLI attached thereto
      requesting transfer of the Shares to Seller; 

    

    (c)
      The
      corporate financial records, minute books, and other documents and records
      of
      SPLI shall be delivered to Purchaser at the Closing; and

    

    (d)
      Michael T Williams shall remain a director of SPLI for ten days after the filing
      of a Schedule 14(f) by SPLI but shall resign all other positions he holds with
      SPLI at Closing.

    

    3.
      Closing. At or prior to the Closing, SPLI shall have 22,250,000 shares of its
      common stock issued and outstanding and no other shares of capital stock issued
      or outstanding of any class.

    

    4.
      Closing.

    The
      Closing of the transactions contemplated herein shall take place on such date
      (the "Closing" or the “Closing Date”) as mutually determined by the parties
      hereto when all conditions precedent have been met and all required documents
      have been delivered, which Closing is expected to take place on or about August
      30, 2007, unless extended by mutual consent of all parties hereto. The "Closing
      Date" of the transactions described herein shall be that date on which all
      conditions set forth herein have been met and the consideration has been
      delivered as set forth in this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    5.
      Representations of Seller.

    Seller
      hereby represents and warrants as follows, each of the representations and
      warranties of which shall continue to be true as of the Closing
      Date:

    

    (a)
      The
      SPLI Shares, to be delivered to the Purchaser hereunder will, when so issued
      and
      delivered, constitute, duly authorized, validly and legally issued shares of
      SPLI common stock, fully paid and non-assessable. No shares of SPLI preferred
      stock shall be outstanding. There are no existing options, calls, warrants,
      preemptive rights or commitments of any character relating to the issued or
      un-issued securities of any class of SPLI.

    

    (b)
      The
      execution and performance of this Agreement will not constitute a breach of
      any
      agreement, indenture, mortgage, license or other instrument or document to
      which
      SPLI is a party and will not violate any judgment, decree, order, writ, rule,
      statute, or regulation applicable to SPLI or its properties. The execution
      and
      performance of this Agreement will not violate or conflict with any provision
      of
      the Certificate of Incorporation of SPLI. 

    

    (c)
      The
      SPLI Financial Statements filed on the Securities and Exchange Commissions’
EDGAR system for all periods prior to the date of Closing (the "SPLI Financial
      Statements") are complete, accurate and fairly present the financial condition
      of SPLI as of the dates thereof and the results of its operations for the
      periods then ended. There are no liabilities or obligations either fixed or
      contingent not reflected therein. The SPLI Financial Statements have been
      prepared in accordance with US generally accepted accounting principles applied
      on a consistent basis (except as may be indicated therein or in the notes
      thereto) and fairly present the financial position of SPLI as of the dates
      thereof and the results of its operations and changes in financial position
      for
      the periods then ended. 

    

    (d)
      Since
      the date of the SPLI Financial Statements, except for bills to service providers
      in connection with the quarterly report on Form 10-QSB filed with the SEC for
      the period ending June 30, 2007, which shall be satisfied as set forth in
      Section 2 (a) hereof, there have not been any material adverse changes in the
      financial condition of SPLI except with regard to disbursements to pay
      reasonable and ordinary expenses in connection with maintaining its corporate
      status and pursuing the matters contemplated in this Agreement. Prior to or
      at
      Closing, all accounts payable and other liabilities of SPLI shall be paid and
      satisfied in full and SPLI shall have no liabilities either contingent or fixed
      except.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (e)
      SPLI
      is not a party to or the subject of any pending litigation, claims, or
      governmental investigation or proceeding not reflected in the SPLI Financial
      Statements and there are no lawsuits, claims, assessments, investigations,
      or
      similar matters, to the best knowledge of the Seller, threatened or contemplated
      against or affecting SPLI, its management or its properties.

    

    (f)
      SPLI
      is duly organized, validly existing and in good standing under the laws of
      the
      State of Nevada; has the corporate power to own its property and to carry on
      its
      business as now being conducted and is duly qualified to do business in any
      jurisdiction where so required except where the failure to do so would have
      no
      material negative impact on it.

    

    (g)
      SPLI
      has filed all federal, state, county and local income, excise, property and
      other tax, governmental and/or related returns, forms, or reports, which are
      due
      or required to be filed by it prior to the date hereof, except where the failure
      to do so would have no material adverse impact on SPLI, and has paid or made
      adequate provision in the SPLI Financial Statements for the payment of all
      taxes, fees, or assessments, which have or may become due pursuant to such
      returns or pursuant to any assessments received. SPLI is not delinquent or
      obligated for any tax, penalty, interest, delinquency or charge.

    

    (h)
      SPLI
      common stock is currently qualified for quotation on the OTC Bulletin Board
      under the symbol “SPLI” and there are no stop orders in effect with respect
      thereto and SPLI will maintain its listing through the date of
      Closing.

    

    (i)
      SPLI
      is qualified to do business in Nevada. 

    

    (j)
      Michael W. Williams is the sole officer and Michael T. Williams and Storey
      Badger are the sole directors of SPLI.

    

    (k)
      SPLI
      is not a party contracts, agreements or commitments which will not be satisfied
      from the Consideration at Closing or released at Closing;

    

    (l)
      SPLI
      has no fringe benefit plans and programs applying to employees of SPLI,
      including but not limited to, pension, profit sharing, life insurance, medical,
      bonus, incentive and similar plans and the approximate annual cost of
      each;

    

    (m)
      SPLI
      has no employees;

    

    (n)
      SPLI
      has no letters, patent, patent applications, inventions upon which patent
      applications have not yet been filed, trade names, trademarks, trademark
      registrations and applications, copyrights, copyright registrations, both
      domestic and foreign presently owned by SPLI, together with the corporate
      owner;

    

    (o)
      SPLI
      is not a party to any financing or loan agreements, mortgages or similar
      agreements;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (p)
      SPLI
      has no bank accounts, brokerage accounts, safety deposit boxes, with the
      authorized signers indicated, except for account 23320004/0030730156 at Canada
      Trust, Creemore Ontario, which Seller shall use its best efforts to close shall
      be transferred to Seller at Closing;

    

    (q)
      Copies of all powers of attorney granted by SPLI;

    

    (r)
      SPLI
      has not insurance policies;

     

    (s)
      All
      information regarding SPLI that Seller have provided to Purchaser or otherwise
      disclosed in connection with the transactions contemplated herein is true,
      complete and accurate in all respects. 

    

    6.
      Representations
      and Warranties of Purchaser.

     

    Purchaser
      acknowledges and understands that the Shares are being acquired for investment
      in a transaction that is considered to be exempt from registration. In
      connection with the transactions contemplated hereby, Purchaser hereby
      represents and warrants to the Seller that:

     

    (a) Investment
      Purposes. Purchaser is acquiring the Shares solely for investment purposes
      and
      not with a view to, or for resale in connection with, any distribution thereof
      or with any present intention of distributing or selling any of the Shares,
      except as allowed by the Securities Act of 1933, as amended, or any rules or
      regulations promulgated thereunder (collectively, the “Act”).

     

    (b) Disposition
      of Shares. Purchaser will hold the Shares subject to all of the applicable
      provisions of the Act, and Purchaser will not at any time make any sale,
      transfer, or other disposition of the Shares in contravention of said
      Act.

     

    (c) Economic
      Risk. Purchaser acknowledges that it must bear the economic risk of its
      investment in the Shares for an indefinite period of time since the Shares
      have
      not been registered under the Act and therefore cannot be sold unless the Shares
      are subsequently registered or an exemption from registration is
      available.

    

    (d) No
      Public
      Solicitation. The sale of the Shares to Purchaser is being made without any
      public solicitation or advertisements.

     

    (e) Criminal
      Proceedings. The
      Purchaser has not been subject to or suffered any of the following:

    

    
      	 	
              ·

            	
              Any
                conviction in a criminal proceeding or being subject to a pending
                criminal
                proceeding (excluding traffic violations and other misdemeanor offenses)
                within ten (10) years from the date
                hereof;

            

    

    
      	 	
              ·

            	
              Any
                order, judgment or decree, not subsequently reversed, suspended or
                vacated, of any court of competent jurisdiction, permanently or
                temporarily enjoining, barring, suspending or otherwise limiting
                such
                person’s involvement in any type of business, securities or banking
                activities within ten (10) years of the date hereof;
                or

            

    

    
      	 	
              ·

            	
              Being
                found guilty by a court of competent jurisdiction (in a civil action),
                the
                SEC or the CFTC to have violated a federal or state securities or
                commodities law within ten (10) years of the date hereof, and the
                judgment
                has not been reversed, suspended or
                vacated.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (f)
      Information.
      Purchaser has received and reviewed such information as Purchaser deems
      necessary to evaluate the risks and merits of its investment in
      SPLI.

    

    (g)
      Accredited
      Investor. Purchaser is an “accredited investor” within the meaning of rule 501
      of Regulation D promulgated under the Act.

    

    (h)
      Financial
      Matters Experience. Purchaser has such knowledge and experience in financial
      matters as to be capable of evaluating the merits and risks of an investment
      in
      the Shares.

    

    (i)
      Subsequent to Closing, Purchaser shall use its best efforts to make or cause
      all
      required filings of SPLI to be made with the SEC at Purchaser’s sole
      expense.

    

    7.
      Conditions Precedent to Obligations of Purchaser.

    All
      obligations of Purchaser under this Agreement are subject to the fulfillment,
      prior to or as of the Closing and/or the Closing Date, as indicated below,
      of
      each of the following conditions:

    

    (a)
      The
      representations and warranties by or on behalf of the Seller contained in this
      Agreement or in any certificate or document delivered pursuant to the provisions
      hereof shall be true in all respects at and as of the Closing and Closing Date
      as though such representations and warranties were made at and as of such time.
      

    

    (b)
      Seller shall have performed and complied with all covenants, agreements, and
      conditions set forth in, and shall have executed and delivered all documents
      required by this Agreement to be performed or complied with or executed and
      delivered by it prior to or at the Closing.

     

    (c)
      The
      SPLI Shares when delivered at Closing will be validly issued, non-assessable
      and
      fully-paid under Nevada law and will be issued in compliance with all federal,
      state laws; and 

    

    (d)
      Purchaser's due diligence investigation of SPLI, interviews with the management
      of SPLI and Financial Statements shall be satisfactory to
      Purchaser.

    

    8.
      Documents To Be Furnished.

    At
      or
      before Closing, Seller will furnish to Purchaser the following documents, lists,
      and schedules certified by the President of SPLI as being accurate and
      complete:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (a)
      Documents establishing that Kelly Smitten has the authority to transfer the
      Share

    

    (b)
      A
      list of the authorized and outstanding securities of SPLI certified by its
      transfer agent as of the date of Closing;

    

    (c)
      Certified or Stamped Copies of the articles of incorporation and bylaws
      currently in effect of SPLI and the Corporate book of SPLI;

    

    (d)
      Evidence that at or about the Closing Date SPLI is in good standing under the
      laws of Nevada;

    

    (e)
      Such
      other instruments and documents as are required to be delivered pursuant to
      the
      provisions of this Agreement; 

    

    (f)
      Within five banking days of closing, All corporate and financial records of
      SPLI; and

    

    (g)
      All
      other items, the delivery of which is a condition precedent to the obligations
      of Purchaser.

    

    9.
      Actions At or Prior to Closing.

    From
      and
      after the date of this agreement and until or at the Closing Date:(a) Seller
      shall cause Purchaser and its authorized representatives to have full access
      during normal business hours to all properties, books, records, contracts and
      documents of SPLI, and Seller shall furnish or cause to be furnished to
      Purchaser and its authorized representatives all information with respect to
      its
      affairs and business of SPLI as Purchaser may request. 

    

    (b)
      Seller shall ensure that SPLI shall not create any indebtedness other than
      that
      incurred in the usual and ordinary course of business, that incurred pursuant
      to
      existing contracts disclosed in the exhibits submitted, and that reasonably
      incurred in doing the acts and things contemplated by this
      agreement.

    

    (c)
      Seller shall ensure that SPLI shall not declare or pay any dividend or make
      any
      distribution in respect of its capital stock; shall not directly or indirectly
      redeem, purchase or otherwise acquire any of its own stock; shall not grant
      any
      stock options; and shall not issue or in any way dispose of any shares of its
      own stock.

    

    (d)
      Seller shall ensure that SPLI shall not amend their certificates of
      incorporation or bylaws or make any changes in authorized or issued capital
      stock without the prior written consent of Purchaser.

    

    (e)
      Seller shall ensure that SPLI shall not do any act or omit to do any act, or
      permit any act or omission to act, which will cause a breach of any contract,
      commitment or obligation of SPLI.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (f)
      Seller shall duly comply with all applicable laws as may be required for the
      valid and effective transfer of the SPLI Shares to Purchaser. 

    

    (g)
      Seller shall ensure that SPLI shall not sell or dispose of any property or
      assets except in the ordinary course of business.

    

    (h)
      Seller shall promptly notify Purchaser of any lawsuits, claims, proceedings
      or
      investigations that may be threatened, brought, asserted or commenced against
      SPLI or the SPLI Shares.

    

    10.
      Indemnification.

    For
      a
      period of two years from the Closing, Seller agrees to indemnify and hold
      harmless Purchaser at all times after the date of this Agreement against and
      in
      respect of any liability, damage or deficiency, all actions, suits, proceedings,
      demands, assessments, judgments, costs and expenses, including attorney's fees
      incident to any of the foregoing, resulting from any misrepresentation,
      hereunder, or from any misrepresentation in or omission from any certificate
      or
      document furnished or to be furnished to Purchaser hereunder by Seller or any
      agent or representative of Seller.

    

    For
      a
      period of two years from the Closing, Purchaser agrees to indemnify and hold
      harmless Seller at all times after the date of this Agreement against and in
      respect of any liability, damage or deficiency, all actions, suits, proceedings,
      demands, assessments, judgments, costs and expenses, including attorney's fees
      incident to any of the foregoing, resulting from any misrepresentation,
      hereunder, or from any misrepresentation in or omission from any certificate
      or
      document furnished or to be furnished to Seller hereunder by Purchaser or any
      agent or representative of Purchaser.

    

    11.
      Nature and Survival of Representations. 

    All
      representations, warranties and covenants made by any party in this Agreement
      shall survive the Closing and the consummation of the transactions contemplated
      hereby for two years from the Closing. All of the parties hereto are executing
      and carrying out the provisions of this Agreement in reliance solely on the
      representations, warranties and covenants and agreements contained in this
      Agreement and not upon any investigation upon which it might have made or any
      representation, warranty, agreement, promise or information, written or oral,
      made by the other party or any other person other than as specifically set
      forth
      herein.

    

    12.
      Termination

    This
      agreement may be terminated and the transaction provided for by this agreement
      may be abandoned without liability on the part of any party to any other, at
      any
      time before the closing date:

    

    (a)
      By
      mutual consent of the parties hereto;

     

    (b)
      By
      Purchaser, if its due diligence investigation of SPLI is not satisfactory to
      Purchaser in its sole and absolute discretion.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    In
      the
      event of termination and abandonment by any party as provided above in this
      paragraph written notice shall be given to the other party, and each party
      shall
      pay its own expenses incident to preparation for the consummation of this
      agreement and the transactions contemplated.

    

    13.
      Miscellaneous.

    13.1
      Further Assurances.

    At
      any
      time, and from time to time, after the Closing Date, each party will execute
      such additional instruments and take such action as may be reasonably requested
      by the other party to confirm or perfect title to any property transferred
      hereunder or otherwise to carry out the intent and purposes of this
      Agreement.

    

    13.2
      Waiver.

    Any
      failure on the part of any party hereto to comply with any of its obligations,
      agreements or conditions hereunder may be waived in writing by the party to
      whom
      such compliance is owed. 

    

    13.3
      Amendment.

    This
      Agreement may be amended only in writing as agreed to by all parties
      hereto.

    

    13.4
      Notices.

    All
      notices and other communications hereunder shall be in writing and shall be
      deemed to have been given if delivered in person or sent by prepaid first class
      registered or certified mail, return receipt requested.

    

    13.5
      Headings.

    The
      section and subsection headings in this Agreement are inserted for convenience
      only and shall not affect in any way the meaning or interpretation of this
      Agreement.

    

    13.6
      Counterparts.

    This
      Agreement may be executed simultaneously in two or more counterparts, each
      of
      which shall be deemed an original, but all of which together shall constitute
      one and the same instrument.

    

    13.7
      Governing Law and Arbitration.

    This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Florida applicable to contracts executed and performed in such State,
      without giving effect to conflicts of laws principles. All controversies, claims
      and matters of difference arising between the parties under this Agreement
      shall
      be submitted to binding arbitration in Palm Beach County, Florida under the
      Commercial Arbitration Rules of the American Arbitration Association (“the AAA”)
      from time to time in force (to the extent not in conflict with the provisions
      set forth herein). This agreement to arbitrate shall be specifically enforceable
      under applicable law in any court of competent jurisdiction. Notice of the
      demand for arbitration shall be filed in writing with the other parties to
      this
      Agreement and with the AAA. Once the arbitral tribunal has been constituted
      in
      full, a hearing shall be held and an aware rendered as soon as practicable.
      The
      demand for arbitration shall be made within a reasonable time after the claim,
      dispute or other matter in question has arisen, and the parties are not making
      progress toward a resolution. In no event shall it be made after the date when
      institution of legal or equitable proceedings based on such claim, dispute
      or
      other matter would be barred by the applicable contractual or other statutes
      of
      limitations. The parties shall have reasonable discovery rights as determined
      by
      the arbitration. The award rendered by the arbitrators shall be final and
      judgment may be entered in accordance with applicable law and in any court
      having jurisdiction thereof. The decision of the arbitrators shall be rendered
      in writing and shall state the manner in which the fees and expenses of the
      arbitrators shall be borne. 

    

    13.8
      Binding Effect.

    This
      Agreement shall be binding upon the parties hereto and inure to the benefit
      of
      the parties, their respective heirs, administrators, executors, successors
      and
      assigns.

    

    13.9
      Entire Agreement.

    This
      Agreement and the attached Exhibits constitute the entire agreement of the
      parties covering everything agreed upon or understood in the transaction. There
      are no oral promises, conditions, representations, understandings,
      interpretations or terms of any kind as conditions or inducements to the
      execution hereof.

    

    13.10
      Severability.

    If
      any
      part of this Agreement is deemed to be unenforceable the balance of the
      Agreement shall remain in full force and effect.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed this Agreement the day and year
      first
      above written.

     

    

    /s/ Kelly Smitten            

    By:
      Kelly Smitten, an individual and on behalf of the Estate of Richard
      Smitten

    

    

    /s/ Robert Cox             

    By: Robert Cox, individually

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