Document:

Exhibit 10.1

 

 

 

 

 

Exclusive Option Agreement

 

Inner Mongolia YanGuFang Whole Grain Nutrition Health Industry Technology
Co., Ltd.,

 

Inner Mongolia YanGuFang Ecological Agriculture Technology (Group)
Co., Ltd.

 

and

 

[     ]

 

 

 

 

 

 

     

     

    

Table of Contents

 

	Section	 	 	Page
	1.	Sales and Purchase of Equity Interests	 	2
	2.	Covenant Relating to Equity Interests	 	4
	3.	Assets Purchase Option	 	7
	4.	Representations and Warranties of Party B and Party C	 	8
	5.	Effective Date and Term	 	9
	6.	Governing Law and Dispute Resolution	 	10
	7.	Taxes and Fees	 	10
	8.	Notices	 	10
	9.	Confidentiality	 	11
	10.	Further Assurance	 	12
	11.	Termination, Breach and Indemnification	 	12
	12.	Miscellaneous	 	13

 

     

     

    

 

This EXCLUSIVE OPTION AGREEMENT
(this “Agreement”) is entered into on December 20, 2020 by and among:

 

		A	Inner Mongolia YanGuFang Whole Grain Nutrition Health Industry Technology Co., Ltd., a limited
liability company duly incorporated and existing under the laws of the People’s Republic of China (the “PRC”),
with its address at Inner Mongolia YanGuFang Whole Grain Industry Development Co., Ltd., Zone E, Jinsanjiao Development Zone, Wuchuan
County, Hohhot City, Inner Mongolia Autonomous Region, PRC (“Party A”);

 

		B	Inner Mongolia YanGuFang Ecological Agriculture Technology (Group) Co., Ltd., a limited liability
company duly incorporated and existing under the laws of the PRC, with its address at Room 201, Yangufang Whole Grain Ecological Science
and Technology Park, Zone E, Jinsanjiao Development Zone, Wuchuan County, Hohhot City, Inner Mongolia Autonomous Region, PRC (“Party
B”);

 

		C	[      ], a limited liability company duly incorporated and existing under the laws of the PRC, with
its address at [      ], PRC (“Party C”);

 

Party A, Party B and Party
C shall be hereinafter referred to as the “Parties” collectively, and each as a “Party” respectively.

 

Whereas,

 

		1	Party B holds 100% equity interests of Party C.

 

		2	Party A and Party C entered in to an exclusive technology development, consulting and services agreement
dated December 20, 2020 (the “Exclusive Technology Development, Consulting and Services Agreement”).

 

		3	Party A, Party B and Party C entered into an equity pledge agreement dated December 20, 2020 (the “Equity
Pledge Agreement”).

 

		4	Party B executed and delivered a power of attorney dated December 20, 2020 (the “Power of Attorney”).

 

Through mutual discussion,
the Parties have reached a consensus in respect to the exclusive option. For the purpose of the clarification of the rights and obligations
of the Parties, the Parties enter into this Agreement for mutual compliance.

 

    	 	Exclusive Option Agreement	1

     

    

 

		1.	Sales and Purchase of Equity Interests

 

		(1)	Grant of Option

 

		(a)	Party B hereby irrevocably grants Party A, to the extent permitted by laws of the PRC, in accordance with
the steps of exercise determined by Party A in its sole discretion, an irrevocable and exclusive option to purchase, or to designate a
person or persons (the “Nominee”) to purchase from Party B, at any time, all or part of the equity interests held at
present or to be held by Party B in Party C (regardless of whether the contribution or shareholding of Party B changes in the future)
at the price stipulated in Section 1(3) herein (the “Equity Interest Purchase Option”). Except for Party A and the
Nominee(s), no third person shall have the Equity Interest Purchase Option or any other rights related to the shareholder’s rights.
Party C hereby agrees to the grant of the Equity Interest Purchase Option to Party A by Party B.

 

		(b)	Reference to “person” in this Section and this Agreement means any individual, corporation,
joint venture, partnership, enterprise, trust or non-corporate entity.

 

		(2)	Exercise Steps

 

The exercise of the
Equity Interest Purchase Option by Party A shall be subject to the compliance with laws and regulations of the PRC. When Party A exercises
the Equity Interest Purchase Option, a written notice shall be issued to Party B (the “Equity Interest Purchase Notice”),
specifying the following:

 

		(a)	Party A’s decision to exercise the Equity Interest Purchase Option;

 

		(b)	the portion of equity interests to be purchased by Party A from Party B (the “Purchased Equity
Interest”); and

 

		(c)	the date for purchasing the Purchased Equity Interests.

 

		(3)	Purchase Price for Purchased Equity Interests

 

The purchase price
for the Purchased Equity Interest (the “Equity Interest Purchase Price”) shall be RMB100. If the laws of the PRC require
an evaluation of the Purchased Equity Interests upon the exercise by Party A, the Parties shall negotiate in good faith, and make necessary
adjustment to the Equity Interest Purchase Price on the basis of the result of the evaluation for the compliance of the minimum price
permitted by laws and regulations of the PRC then applicable. Notwithstanding of the foregoing, if Party A and Party B agree otherwise,
such agreement shall prevail.

 

    	 	Exclusive Option Agreement	2

     

    

 

		(4)	Transfer of Purchased Equity Interests

 

Upon each exercise
of the Equity Interest Purchase Option by Party A:

 

		(a)	Party B shall cause Party C to promptly convene a shareholders’ meeting, at which a resolution shall
be adopted approving Party B’s transfer of the Purchased Equity Interests to Party A and/or the Nominee(s);

 

		(b)	Party B shall issue the written statements to give consent to the transfer of the Purchased Equity Interests
to Party A and/or the Nominee(s) and waive any right of first refusal related thereto;

 

		(c)	Party B shall execute an equity interests transfer agreement with respect to each transfer, in accordance
with the provisions of this Agreement and the Equity Interest Purchase Notice with Party A and/or the Nominee(s) (if applicable);

 

		(d)	The relevant parties shall execute all other necessary contracts, agreements or documents, obtain all
necessary government licenses and permits, and take all necessary actions to transfer the valid ownership, free from any security interests,
of the Purchased Equity Interests to Party A and/or the Nominee(s), and cause Party A and/or the Nominee(s) to become the registered owner(s)
of the Purchased Equity Interests.

 

		(e)	For purpose of this section and this Agreement, reference to “security interests” includes
any guarantee, pledge, third party right or interests, option to purchase shares, right to acquire, right of first refusal, right to set-off,
retention of title or other arrangement of guarantee, but, for the avoid of doubt, excludes any security interests created pursuant to
this Agreement and the Equity Pledge Agreement, that is, in accordance with the Equity Pledge Agreement, Party B shall pledge all the
equity interests it holds in Party C in favour of Party A for securing the performance of the obligations under the Exclusive Technology
Development, Consulting and Services Agreement by Party C.

 

    	 	Exclusive Option Agreement	3

     

    

 

		2.	Covenant Relating to Equity Interests

 

		(1)	Party C hereby covenants that:

 

		(a)	it shall not, without prior written consent of Party A or YanGuFang International Group Co., Ltd., the
parent company of Party A (the “Party A’s Parent Company”), supplement, modify, or amend the charter documents
and any other constitutional documents of Party C, increase or reduce the registered capital of Party C, or otherwise change the structure
of the registered capital of Party C in any form;

 

		(b)	it shall, in accordance with the good financial and business standard and practice, maintain the good
existing, and carry out its business and manage its affairs in a diligent and effective way;

 

		(c)	without prior written consent of Party A or Party A’s Parent Company, it shall not sell, transfer,
pledge or otherwise dispose of any of its assets, business, income or other legal interests, or permit to create any other security interest
thereon;

 

		(d)	without prior written consent of Party A or Party A’s Parent Company, it shall not incur, inherent,
assume or permit the existence of any indebtedness, except those:

 

		(i)	incurred in the usual or ordinary course of business other than by way of borrowing; and

 

		(ii)	which has been disclosed to Party A whose prior written consent has been obtained;

 

		(e)	it shall continue to carry out the business in the ordinary course to preserve the value of Party C’s
assets, and refrain from any act/omission that may have material effect on its condition of business and asset value;

 

		(f)	without prior written consent of Party A or Party A’s Parent Company, it shall not enter into or
terminate any material contract, other than in the ordinary course of business, the material contract above mentioned means any contract
with a value exceeding RMB50,000;

 

		(g)	without prior written consent of Party A or Party A’s Parent Company, it shall not provide any loan
or credit to any person;

 

    	 	Exclusive Option Agreement	4

     

    

 

		(h)	it shall provide to Party A, at its request, all the operational and financial information of Party C;

 

		(i)	If required by Party A or Party A’s Parent Company, Party C shall purchase from and maintain with
an insurer acceptable to Party A adequate insurance, the insured amount and coverage of which are as same as what is usually maintained
by a company running similar business and owing similar properties or assets in the same area;

 

		(j)	without prior written consent of Party A or Party A’s Parent Company, it shall not merge, consolidate
with, acquire or invest in any person;

 

		(k)	it shall immediately notify Party A of the occurrence or possible occurrence of any litigation, arbitration
or administrative proceedings relating to the assets, business and income of Party C;

 

		(l)	it shall execute all necessary or appropriate documents, take all necessary or appropriate actions, file
all necessary or appropriate complaints, and/or raise necessary or appropriate defenses against all claims to maintain Party C’s
ownership of all its assets;

 

		(m)	without prior written consent of Party A or Party A’s Parent Company, it shall not distribute any
dividends to the shareholders in any manner, provided that upon Party A’s request, it shall immediately distribute part or all of
its distributable profits to its shareholders; and

 

		(n)	at the request of Party A, it shall appoint any person designated by Party A as a director and/or the
executive director of Party C.

 

		(2)	Party B covenants that:

 

		(a)	without the prior written consent of Party A or Party A’s Parent Company, it shall not at any time
from the date of execution of this Agreement, sell, transfer, pledge, or otherwise dispose of any legal or beneficial interest in the
equity interests of Party C held by Party B, or allow any encumbrance thereon, except the pledge placed on the equity interests of Party
C held by Party B in accordance with the Equity Pledge Agreement;

 

		(b)	without the prior written consent of Party A and Party A’s Parent Company, Party B shall not cause
the shareholders’ meeting of Party C to approve any sale, transfer, mortgage, or other disposition of any legal or beneficial interest
in the equity interests of Party C held by Party B, or allow any encumbrance thereon, except for the approval of the pledge placed on
the equity interests of Party C held by Party B in accordance with the Equity Pledge Agreement;

 

    	 	Exclusive Option Agreement	5

     

    

 

		(c)	without the prior written consent of Party A and Party A’s Parent Company, Party B shall not cause
the shareholders’ meeting of Party C to approve the merger or consolidation with any person, or the acquisition of or investment
in any person;

 

		(d)	it shall promptly notify Party A of the occurrence or possible occurrence of any litigation, arbitration,
or administrative proceedings relating to the equity interests held by Party B;

 

		(e)	it shall cause the shareholders’ meeting of Party C to approve by voting the transfer of the Purchased
Equity Interests as provided herein and to take any and all other actions as requested by Party A;

 

		(f)	it shall execute all necessary or appropriate documents, take all necessary or appropriate actions, and/or
file all necessary or appropriate claims, or raise necessary or appropriate defenses against all claims to maintain its ownership of the
equity interests;

 

		(g)	at the request of Party A, it shall appoint any person designated by Party A as a director/the executive
director of Party C;

 

		(h)	as and when requested by Party A, it shall immediately transfer, unconditionally, the Purchased Equity
Interests to Party A or its Nominee, and waive its right of first refusal with respect to such transfer of equity interests by the other
shareholders; and

 

		(i)	it shall fully comply with all provisions of this Agreement and other agreements jointly or separately
entered into by Party A, Party A’s Parent Company, Party B and Party C, duly perform all obligations under such agreements, and
refrain from any act/omission that may have material effect on the validity and enforceability of such agreements.

 

    	 	Exclusive Option Agreement	6

     

    

 

		3.	Assets Purchase Option

 

		(1)	Definition

 

Reference to “assets”
means all the assets owned by Party C, including but not limited to any immovable assets, existing assets, intellectual properties and
interests under any agreement entered into by Party C. The intellectual properties set forth above include any patent right, patent application
right, trademark right, trademark application right, trade name, copyright, trade secret, invention, know-how, appearance design, slogan,
logo, website design, publication design and domain name, etc. owned at present or to be created, owned, enjoyed in the future by Party
C.

 

		(2)	Grant of Option

 

Party C hereby irrevocably
grants Party A, to the extent permitted by laws of the PRC, in accordance with the steps of exercise determined by Party A in its sole
discretion, an exclusive option to purchase, or to designate the Nominee(s) to purchase from Party C, at any time, all or part of the
assets held by Party C at the price stipulated in Section 3(4) herein (the “Asset Purchase Option”). Party B hereby
agrees to the grant of the Asset Purchase Option to Party A by Party C.

 

		(3)	Exercise Steps

 

		(a)	The exercise of the Asset Purchase Option by Party A shall be subject to the compliance with laws and
regulations of the PRC. When Party A exercises the Asset Purchase Option, a written notice shall be issued to Party B and Party C (the
“Asset Purchase Notice”), specifying the following:

 

		(i)	Party A’s decision to exercise the Asset Purchase Option;

 

    	 	Exclusive Option Agreement	7

     

    

 

		(ii)	the assets to be purchased by Party A from Party C (the “Purchased Assets”); and

 

		(iii)	the date for purchasing the Purchased Assets.

 

		(b)	After the delivery of the Asset Purchase Notice, upon Party A’s each exercise of the Asset Purchase
Option, Party C covenants to take, and Party B covenants to procure Party C to take, the following actions:

 

		(i)	causing Party C to promptly convene a shareholders’ meeting, at which a resolution shall be adopted
approving Party C’s transfer of the Purchased Assets to Party A and/or the Nominee(s);

 

		(ii)	executing an asset transfer agreement with respect to each transfer of the Purchased Assets, in accordance
with the provisions of this Agreement and each Asset Purchase Notice; and

 

		(iii)	executing all other necessary contracts, agreements or documents, obtaining all necessary government licenses
and permits, and taking all necessary actions to transfer the valid ownership, free from any security interests, of the Purchased Asset
to Party A and/or the Nominee(s), and completing all registrations and filings necessary for the transfer of the intellectual properties
in accordance with laws of the PRC, to cause Party A and/or the Nominee(s) to become the legally registered owner(s) of the Purchased
Asset.

 

		(4)	Asset Purchase Price

 

Unless otherwise
provided by laws of the PRC, the purchase price for the Purchased Assets (the “Asset Purchase Price”) shall be RMB100
or the minimum price permitted by laws and regulations of the PRC. Notwithstanding of the foregoing, if Party A and Party C agree otherwise,
such agreement shall prevail. Party C shall bear all taxes and fees arising from the transfer of the Purchased Assets.

 

		4.	Representations and Warranties of Party B and Party C

 

Each of Party B
and Party C hereby severally represents and warrants to Party A, at the date of this Agreement and at the date of each transfer, that:

 

		(1)	It has the power and capacity to execute and deliver this Agreement, and any equity interest/asset transfer
agreement (respectively, the “Transfer Agreement”) executed for each transfer of the Purchased Equity Interests and/or
Assets to which it is a party, and to perform its obligations under this Agreement and any Transfer Agreements. This Agreement and any
Transfer Agreements to which it is a party, upon due execution by Party B and Party C, shall constitute the legal, valid and binding obligations
of, and enforceable against Party B and Party C pursuant to the terms of this Agreement or any Transfer Agreement.

 

		(2)	None of the execution and delivery of, and the performance of its obligations under this Agreement or
any Transfer Agreements will:

 

		(a)	cause any violation of any applicable laws of the PRC;

 

    	 	Exclusive Option Agreement	8

     

    

 

		(b)	be inconsistent with the articles of association, bylaws, or other organizational documents of Party C;

 

		(c)	cause the violation of any agreements or instruments to which it is a party or which are binding on it,
or constitute any breach under any agreements or instruments to which it is a party or which are binding on it;

 

		(d)	cause any violation of any condition for the grant and/or continued effectiveness of any licenses or permits
issued to it; or

 

		(e)	cause the suspension or revocation of or imposition of additional conditions to any licenses or permits
issued to it.

 

		(3)	Party B has a legal ownership to the equity interests of Party C held by it. Other than the pledge placed
on the equity interests of Party C held by Party B in accordance with the Equity Pledge Agreement, Party B has not placed any security
interest on such equity interests.

 

Party C hereby represents
and warrants to Party A, at the date of this Agreement and at the date of each transfer, that:

 

		(4)	Party C does not have any outstanding debts, except:

 

		(a)	the debts incurred in the ordinary course of business; and

 

		(b)	the debts disclosed to Party A for which Party A’s written consent has been obtained.

 

		(5)	Party C has complied with all applicable laws and regulations of the PRC.

 

		(6)	There is no pending or threatened litigation, arbitration, or administrative proceedings relating to the
equity interests of Party C, the assets of Party C, or Party C itself.

 

		(7)	Party C has a good and merchantable ownership to all of its assets, and has not placed any security interest
on such assets.

 

		5.	Effective Date and Term

 

This Agreement shall
become effective upon execution by the Parties and shall remain valid for ten (10) years, which may be extended for another ten (10) years
upon Party A’s unilateral decision.

 

    	 	Exclusive Option Agreement	9

     

    

 

		6.	Governing Law and Dispute Resolution

 

		(1)	Governing Law

 

The execution, effectiveness,
interpretation, performance, amendment and termination of this Agreement as well as any dispute resolution hereunder shall be governed
by laws of the PRC.

 

		(2)	Methods of Dispute Resolution

 

In the event of any
dispute arising with respect to the construction and performance of this Agreement, the Parties shall first attempt to resolve the dispute
through friendly negotiations. In the event that the Parties fail to reach an agreement on the dispute within thirty (30) days after any
Party’s written request to the other Parties for dispute resolution through negotiations, any Party may submit the relevant dispute
to Shanghai Arbitration Commission for arbitration, in accordance with its arbitration rules then in effect. The arbitration award shall
be final and binding to all Parties.

 

		7.	Taxes and Fees

 

All fees and expenses
related to this Agreement, including but not limited to the legal costs, nominal fees, stamp duty and other taxes and fees, shall be borne
by Party C.

 

		8.	Notices

 

Unless otherwise
notified in writing of any change to the following addresses, all notices pursuant to this Agreement shall be delivered to the following
addresses by hand or registered mail. The notice shall be deemed to be duly served on the date of acknowledgment receipt if sent by registered
mail, and the date when it is sent if sent by hand:

 

Party A: Inner
Mongolia YanGuFang Whole Grain Nutrition Health Industry Technology Co., Ltd.

 

Address: Yangufang
Group, 3rd Floor, Building 3, 33 Suhong Road, Shanghai

 

Tel: 18016396660

 

Attention: He Junguo

 

Party B: Inner
Mongolia YanGuFang Ecological Agriculture Technology (Group) Co., Ltd.

 

Address: Yangufang
Group, 3rd Floor, Building 3, 33 Suhong Road, Shanghai

 

    	 	Exclusive Option Agreement	10

     

    

 

Tel: 18016396660

 

Attention: He Junguo

 

Party C: [                ]

 

Address: [               ]

 

Tel: [               ]

 

Attention: [               ]

 

		9.	Confidentiality

 

		(1)	The Parties acknowledge that any oral or written information exchanged between the Parties in connection
with this Agreement are regarded as confidential information. Each Party shall maintain the confidentiality of all such confidential information,
and without obtaining the written consent of other Parties, it shall not disclose any relevant confidential information to any third person,
except that:

 

		(a)	such information is or will be featured in the public domain (other than through the receiving Party’s
unauthorized disclosure);

 

		(b)	such information is required to be disclosed by applicable laws or regulations; or

 

		(c)	such information is required to be disclosed by any Party to its legal counsels or financial advisors
with regard to the transaction contemplated hereunder, provided that such legal counsels or financial advisors shall be bound by the confidential
obligations similar to those set forth in this Section.

 

		(2)	Disclosure of any confidential information by the employees of, or the agencies engaged by any Party shall
be deemed disclosure of such confidential information by such Party and that Party shall be held liable for breach of this Agreement.
This Section shall survive the termination of this Agreement for any reason.

 

    	 	Exclusive Option Agreement	11

     

    

 

		10.	Further Assurance

 

The Parties agree
to promptly execute the documents that are reasonably required for or are conducive to the implementation of the provisions and purposes
of this Agreement and to take further actions that are reasonably required for or are conducive to the implementation of the provisions
and purposes of this Agreement.

 

		11.	Termination, Breach and Indemnification

 

		(1)	If any Party breaches the obligations provided herein (the “Defaulting Party”), any
other Party (the “Non-Defaulting Party”) may issue a written notice to the Defaulting Party demanding the Defaulting
Party to rectify its breach. The Defaulting Party shall stop its breach within thirty (30) days from the receipt of such notice, and indemnify
the Non-Defaulting Party against all losses incurred thereby. If the Defaulting Party continues the breach after thirty (30) days from
its receipt of such notice, any Non-Defaulting Party may unilaterally terminate this Agreement and demand the Defaulting Party to indemnify
the Non-Defaulting Party against all losses incurred thereby.

 

		(2)	No tolerance, indulgence or delay by the Non-Defaulting Party in exercising its rights under laws or under
this Agreement shall be deemed as a waiver by the Non-Defaulting Party of its rights.

 

		(3)	Party B and Party C shall indemnify, defend and hold harmless Party A from and against any and all claims,
damages, liabilities, costs and expenses borne by Party A, the advanced employees, managers, directors, shareholders, members, representatives,
agents and employees of Party A, including but not limited to reasonable attorneys’ fees with respect to any litigation or legal
proceedings between any indemnifying Party and the indemnified Party, or between the indemnified Party and any third party caused by the
breach of any warranties, representations provided by laws or by this Agreement or other provisions by Party B or Party C, or by any litigation
raised by any third party with respect to the Purchased Equity Interests or Purchased Assets prior to the transfer of the Purchased Equity
Interests or Purchased Assets.

 

    	 	Exclusive Option Agreement	12

     

    

 

		12.	Miscellaneous

 

		(1)	Amendment, change and supplement

 

Any amendment, change
and supplement to this Agreement shall be made in writing and come into effect upon signing and stamping by the Parties hereto.

 

		(2)	Compliance with Laws and Regulations

 

The Parties shall
comply with and ensure their operations to be in full compliance with all laws and regulations officially published, publicly available
and in effect in the PRC.

 

		(3)	Entire Agreement

 

Except for the amendments,
supplements, or changes in writing executed after the execution of this Agreement, this Agreement shall constitute the entire agreement
among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior oral and written consultations, representations
and agreements reached with respect to the subject matter of this Agreement.

 

		(4)	Headings

 

The headings of the
Sections in this Agreement are inserted for the convenience of reference only, and under no circumstances shall be used in or otherwise
affect the construction or interpretation of this Agreement.

 

		(5)	Language

 

This Agreement is
made in Chinese in three (3) copies. Each Party shall have one copy with the same effect.

 

		(6)	Severability

 

In the event that
any one or several provisions of this Agreement is held invalid, illegal or unenforceable in any way by any laws or regulations, the validity,
legality or enforceability of the remaining provisions of this Agreement shall not be affected or impaired in any way. The Parties shall
endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions to the maximum extent
expected by the Parties, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 

    	 	Exclusive Option Agreement	13

     

    

 

		(7)	Successor

 

		(a)	This Agreement shall be binding on and shall inure to the interests of the respective successors of the
Parties and the permitted assigns of the Parties.

 

		(b)	Notwithstanding any other provisions herein, Party B and Party C shall not assign their rights and obligations
under this Agreement to any third party without prior written consent by Party A.

 

		(c)	Party B and Party C hereby agree that Party A has the right to assign its rights and obligations under
this Agreement to a third party at its discretion. Party A shall only notify the other Parties hereto of such transfer and is not required
obtain the consent of the other Parties.

 

		(8)	Survival

 

		(a)	Any obligations which occur or are due under this Agreement prior to the expiration or early termination
of this Agreement shall survive the expiration or early termination thereof.

 

		(b)	The provisions of Sections 6, 9, 11 and Section 12(8) shall survive the termination of this Agreement.

 

		(9)	Waivers

 

Any Party may waive
the terms and conditions of this Agreement, provided that such a waiver must be issued in writing and signed by the Parties. No waiver
by any Party in certain circumstances with respect to a breach by other Parties shall be deemed as a waiver by such a Party with respect
to any similar breach in other circumstances.

 

[The remainder of this page
is intentionally left blank]

 

    	 	Exclusive Option Agreement	14

     

    

 

[Signature Page]

 

 

Inner Mongolia YanGuFang Whole Grain Nutrition Health Industry Technology
Co., Ltd. (Seal)

 

By: ____________________________

 

Name: He Junguo

 

Title: Legal representative

 

Inner Mongolia YanGuFang Ecological Agriculture Technology (Group)
Co., Ltd. (Seal)

 

By: ____________________________

 

Name: He Junguo

 

Title: Legal representative

 

[          ] (Seal)

 

By: ____________________________

 

Name: [         ]

 

Title: Legal representative

 

 

Signature Page to Exclusive Option AgreementExhibit 10.2

 

 

 

EXCLUSIVE TECHNOLOGY DEVELOPMENT,
CONSULTING AND SERVICES AGREEMENT

 

Inner Mongolia YanGuFang Whole Grain Nutrition Health Industry Technology
Co., Ltd.

 

and

 

[                          ]

 

 

 

     

     

    

 

	Table of Contents

                                                

	Section Page	 
	 	 	 
	1.	Technology Development, Consulting and Services; Sole and Exclusive Rights	1
	 	 	 
	2.	Calculation and Payments of Fees	1
	 	 	 
	3.	Representations and Warranties	2
	 	 	 
	4.	Confidentiality	2
	 	 	 
	5.	Indemnity	2
	 	 	 
	6.	Effectiveness and Term	2
	 	 	 
	7.	Termination	2
	 	 	 
	8.	Dispute Resolution	3
	 	 	 
	9.	Force Majeure	3
	 	 	 
	10.	Notices	4
	 	 	 
	11.	Assignment	4
	 	 	 
	12.	Severability	4
	 	 	 
	13.	Amendment and Supplement of this Agreement	4
	 	 	 
	14.	Governing Law	4

 

    i

     

    

 

This EXCLUSIVE TECHNOLOGY
DEVELOPMENT, CONSULTING AND SERVICES AGREEMENT (this “Agreement”) is entered into on December 20, 2020 by and between:

 

	A	Inner Mongolia YanGuFang Whole Grain Nutrition Health Industry Technology Co., Ltd., a limited
liability company duly incorporated and existing under the laws of the People’s Republic of China (the “PRC”),
with its address at Inner Mongolia YanGuFang Whole Grain Industry Development Co., Ltd., Zone E, Jinsanjiao Development Zone, Wuchuan
County, Hohhot City, Inner Mongolia Autonomous Region, PRC (“Party A”);

 

		B	[                           ], a limited liability company duly incorporated and existing under the laws of the PRC, with
its address at [ ], PRC (“Party B”);

 

			Party A and Party B shall be hereinafter referred to as the “Parties”
collectively, and each as a “Party” respectively.

 

Whereas,

 

		1	Party A is a wholly foreign owned enterprise established in the PRC, and has the resources and qualification
for technology development, consulting and services;

 

		2	Party A agrees to provide Party B with technology development, consulting and related services, and Party
B agrees to accept such technology development, consulting and related services provided by Party A.

 

Through mutual
discussion, the Parties have reached a consensus on the provision of technology consulting and related services. For the purpose of the
clarification of the rights and obligations of the Parties, the Parties enter into this Agreement for mutual compliance.

 

		1.	Technology Development, Consulting and Services; Sole and Exclusive Rights

 

		(1)	During the term of this Agreement, Party A agrees to, as the technology development, consulting and service
provider of Party B, provide the relevant technology development, consulting and services to Party B (the details set forth in Appendix
I) in accordance with the conditions of this Agreement.

 

		(2)	Party B agrees to accept the technology development, consulting and services provided by Party A and further
agrees that, during the term of this Agreement, it shall not accept any technology development, consulting and services in respect of
the above business provided by any third party which are same as or similar (to those provided by Party A) without the prior written consent
of Party A.

 

		(3)	Party A shall be the sole and exclusive owner of all rights and interests arising from or in connection
with the performance of this Agreement, including without limitation the proprietary rights, intellectual property rights such as copyright,
patent, know-how, trade secret and others, regardless of whether it is developed by Party A or by Party B based on the intellectual property
owned by Party A.

 

		2.	Calculation and Payments of Fees

 

		(1)	The Parties agree that Party B shall pay the fees of the technology development, consulting and services
under this Agreement (the “Consulting Service Fees”) in quarter, and the Consulting Service Fees shall be determined
based on the actual services provided by the Parties. The Consulting Service Fees shall be in principle the balance of all the income
of Party B deducting all the fees, but the Parties may otherwise negotiate upon the particular amount of the Consulting Service Fees.
Within thirty (30) days of the end of each quarter, Party B shall deliver to Party A the management statements and the business data for
such quarter, including Party B’s net income for such quarter.

 

		(2)	The amount of the Consulting Service Fees shall be determined based on the following factors:

 

		(a)	Difficulty of the technology development and complexity of the consulting and management services;

 

		(b)	Time consumed by Party A providing such technology development, consulting and management services; and

 

		(c)	Specific contents and commercial value of the technology development, consulting and management services.

 

Exclusive Technology Development, Consulting and
Services Agreement

 

    1

     

    

 

		(3)	The Consulting Service Fees shall be in the amount approved by the board of Party A. Any adjustment and
change of the Consulting Service Fees shall be approved by the board of Party A.

 

		(4)	Within thirty (30) days from the end of each year, Party B shall provide Party A with the financial statements
and all business records, business contracts and financial materials for that year. Party A may appoint a reputable independent accountant
to audit the relevant materials if Party A questions the financial materials provided by Party B, and Party B shall cooperate.

 

		3.	Representations and Warranties

 

		(1)	Party A hereby represents and warrants as follows:

 

		(a)	Party A is a company legally established and validly existing in accordance with the PRC laws.

 

		(b)	Party A executes this Agreement within its power and business scope, and has taken all corporate actions,
obtained all necessary authorizations as well as all consents and approvals from third parties and government authorities, and does not
violate the restriction of any laws or contracts by which it is bound or affected.

 

		(c)	This Agreement, upon execution, constitutes Party A’s legal, valid and binding obligations, enforceable
against it in accordance with its terms.

 

		(2)	Party B hereby represents and warrants as follows:

 

		(a)	Party B is a company legally established and validly existing in accordance with the PRC laws.

 

		(b)	Party B executes this Agreement within its power and business scope, and has taken all corporate actions,
obtained all necessary authorizations as well as all consents and approvals from third parties and government authorities, and does not
violate the restriction of any laws or contracts by which it is bound or affected.

 

		(c)	This Agreement, upon execution, constitutes Party B’s legal, valid and binding obligations, enforceable
against it in accordance with its terms.

 

		4.	Confidentiality

 

		(1)	Party B agrees to use all reasonable measures to maintain confidentiality of the confidential materials
and information that are known or have access to due to the acceptation of Party A’s exclusive technology development, consulting
and services (the “Confidential Information”). Without Party A’s prior written consent, Party B shall not disclose,
provide or transfer any such Confidential Information to any third party. Upon termination of this Agreement, Party B shall, at the request
of Party A, return any and all documents, information or software containing any such Confidential Information to Party A, or destroy
them, delete all of such Confidential Information from any memory devices, and cease to use such Confidential Information.

 

		(2)	The Parties agree that this Section shall survive the amendment, termination and expiration of this Agreement.

 

		5.	Indemnity

 

Party B shall fully
indemnify Party A against any loss, damage, liability and/or cost caused by any litigation, claim or other demands against Party A arising
out of the technology development, consulting and services required by Party B. Party B shall also hold Party A harmless against any loss
and damage caused by Party B’s act or any claim from any third party as a result of Party B’s act, excluding any litigation,
claim or other demand cause by any willful misconduct or gross negligence of Party A.

 

		6.	Effectiveness and Term of Agreement

 

		(1)	This Agreement shall become effective upon execution by the Parties on the date first above written herein.
Unless terminated in advance in accordance with the provisions of this Agreement or relevant agreement entered into by the Parties, the
term of this Agreement is ten (10) years.

 

		(2)	The term of this Agreement may be extended with prior written confirmation by Party A before expiration.
The extended term shall be ten (10) years or any other term as determined by the negotiation of the Parties.

 

		7.	Termination

 

		(1)	Termination upon Expiration

 

Unless extended in
accordance with the relevant provisions herein, this Agreement shall be terminated upon its expiration.

 

Exclusive Technology Development, Consulting and
Services Agreement

 

    2

     

    

 

		(2)	Early Termination

 

During the term of
this Agreement, this Agreement shall not be terminated in advance unless Party A goes bankrupt or dissolves or terminates in accordance
with the laws, and this Agreement shall be automatically terminated if Party B goes bankrupt or dissolves or terminates in accordance
with the laws before the expiration of this Agreement. Notwithstanding the foregoing, Party A shall have the right to terminate this Agreement
with thirty (30) days prior written notice to Party B at any time.

 

		(3)	Survival

 

The rights and obligations
of the Parties under Sections 4, 5 and 8 shall survive the termination of this Agreement.

 

		8.	Dispute Resolution

 

In the event of
any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve the dispute through friendly
negotiations. In the event the Parties fail to reach an agreement on the dispute within thirty (30) days after either Party’s written
request to the other Party for resolution of the dispute through negotiations, either Party may submit the relevant dispute to Shanghai
Arbitration Commission for arbitration, in accordance with its arbitration rules then in effect. The language to be used in arbitration
shall be Chinese. The arbitration award shall be final and binding to both Parties.

 

		9.	Force Majeure

 

		(1)	A “Force Majeure Event” means any event beyond reasonable control of one Party and
cannot be prevented with reasonable care of the Party so affected, including without limitation, governmental action, acts of nature,
fire, explosion, typhoon, flood, earthquake, tide, lightning or war. However, any shortage of credit, capital or financing shall not be
regarded as an event beyond reasonable control of the Party. The affected Party who is claiming to be exempted from its obligations under
this Agreement by a Force Majeure Event shall as soon as practicable notify the other Party of such exemption and the necessary steps
to be taken for the fulfillment of such obligations.

 

		(2)	In the event that the performance of this Agreement is delayed or prevented due to the Force Majeure Event
as defined above, the Party affected by the Force Majeure shall not be held liable hereunder to the extent of such delay or prevention.
The Party affected by the Force Majeure shall take appropriate measures to reduce or eliminate the effect of the Force Majeure and make
efforts to resume the performance of the obligations delayed or prevented by the Force Majeure. Once the Force Majeure Event is eliminated,
the Parties agree to resume the performance of this Agreement with their best efforts.

 

Exclusive Technology Development, Consulting and
Services Agreement

 

    3

     

    

 

		10.	Notices

 

Unless otherwise
notified in writing of any change to the following addresses, all notices pursuant to this Agreement shall be delivered to the following
addresses by hand or registered mail. The notice shall be deemed to be duly served on the date of acknowledgment receipt if sent by registered
mail, and the date when it is sent if sent by hand:

 

Party A: Inner
Mongolia YanGuFang Whole Grain Nutrition Health Industry Technology Co., Ltd.

 

Address: Yangufang
Group, 3rd Floor, Building 3, 33 Suhong Road, Shanghai

 

Tel: 18016396660

 

Attention: He Junguo

 

Party B: [                            ]

 

Address: [                            ]

 

Tel: [                            ]

 

Attention: [                            ]

 

		11.	Assignment

 

Party B shall not
assign or transfer any rights and/or obligations under this Agreement to any third party, unless the prior written consent of Party A
has been obtained.

 

		12.	Severability

 

In the event that
any provision of this Agreement is held invalid or unenforceable due to unconformity with relevant laws, such provisions shall become
invalid or unenforceable only to the extent under such applicable laws and the legal effect of the remaining provisions hereunder shall
not be affected.

 

		13.	Amendment and Supplement of this Agreement

 

The Parties may
amend and supplement this Agreement in writing. Any amendment and supplement to this Agreement by the Parties, upon execution by the Parties,
is an integral part of and has the same effect with this Agreement.

 

		14.	Governing Law

 

This Agreement shall
be governed by and enforced and interpreted in accordance with the laws of the PRC.

 

[The remainder of this page is intentionally
left blank]

 

Exclusive Technology Development, Consulting and
Services Agreement

 

    4

     

    

 

[Signature Page]

 

Inner Mongolia YanGuFang Whole Grain Nutrition Health Industry Technology
Co., Ltd. (Seal)

 

	By:		 
	 	 	 
	Name:	He Junguo	 
	 	 	 
	Title:	Legal representative	 
	 	 	 

 

[                            ] (Seal)

 

	By:	 	
	 	 
	Name:	 [                            ]	 
	 	 
	Title:	Legal representative	

 

Signature Page to Exclusive Technology Development, Consulting and
Services Agreement

 

    5

     

    

 

Appendix I

 

List of Technology Development, Consulting and
Services

 

Party A will provide Party B with the following
technology development, consulting and services:

 

		(1)	research and development of relevant technologies necessary for Party B’s business, which include
the development, design and creation of database software for the storage of relevant business information, antivirus software, UI software
and other relevant technologies, and grant a license to Party B for the use of such technologies;

 

		(2)	apply and implement the relevant technologies for the operation of Party B’s business, including
without limitation the systematic master design proposal, system installation, debugging and test run;

 

		(3)	be responsible for daily maintenance, monitoring, test run and debugging of the computer network equipment,
including entering users’ information into database in a timely manner, or updating the database with other business information
provided by Party B from time to time, updating user interface on a regular basis and providing other relevant technology services;

 

		(4)	provide consulting service on the procurement of relevant equipment, software and hardware necessary for
the provision of network service by Party B, including without limitation the selection, system installation and testing of various utility
software, application software and technology platform, and provide consultancy proposal on the selection, model and performance of various
types of accessorial hardware, facilities and equipment; provide consultancy and answers Party B’s question in respect to network
equipment, technical product and software;

 

		(5)	provide proper training and technology support and assistance to the employees of Party B, including without
limitation the technical training such as the training on application and editing of various image processing softwares, customer service
or techniques and others; provide consultancy and advice on other online editing platform and software application, and assist Party B
in compiling and collecting various types of information and contents;

 

		(6)	assist Party B in customer management and post-sale tracking services related to the business;

 

		(7)	provide government public relations services and assist Party B in communicating with relevant government
authorities;

 

		(8)	assist Party B in personnel management, including the recommendation of technical backbones, the selection
of employees for vacant positions, and the management of employee’s social insurance and paid vacation benefits;

 

		(9)	introduce to Party B and its employees the knowledge and experience in the installation and operation
of the software system and equipment, and assist Party B in solving problems arising from the installation and operation of the system
and equipment;

 

		(10)	assist Party B to recover debts, mortgages, security deposit and other amounts from customers in accordance
with Party B’s receivables; and

 

		(11)	provide other technology and consulting services as may be necessary for Party B’s business.

 

Appendix I

 

 

6

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