Document:

ex10_3.htm

    
      
Exhibit 10.3

     

    
      
        OPERATING
AGREEMENT

        

      

      
        This
Operating Agreement (this “Agreement”) is dated
January 1, 2009, and is entered into in Harbin, China by Harbin Mega Profit
Management & Consultation Co., Ltd., with a registered address at Suite.3,
16th Floor, Hong Yang Complex Building, No. 380 Changjiang Road, Nangang Ji
Zhong District, Harbin Develop Zone, Heilongjiang, China (“Party A”), and
Qinggang Mega Profit Agriculture Co., Ltd., with a registered address at 1st
Floor, Hongbo Community Houdong, Mingzhu Street, Qinggang County, China (“Party B”), and
shareholders holding 100% outstanding shares of Party B (the “Shareholders of
Party B” or “Party C”). Party A and Party B, and Shareholders of Party B are
referred to collectively in this Agreement as the “Parties.”

        

      

      
        RECITALS

        

      

      
        
          	
                  1.

                	
                  Party
      A, a wholly foreign owned limited company incorporated under law of China,
      has the expertise in the business of Enterprise Management, Enterprise
      Development Designing and Economic Information
    Consultation;

                

        

        

      

      
        
          	
                  2.

                	
                  Party
      B is a limited company incorporated in China, and is engaged in planting
      pasture grass, breeding cows and selling milk (the “Business”) (the
      “Business”);

                

        

        

        
          	
                  3.

                	
                  The
      undersigned Shareholders of Party B collectively own over 100% of the
      equity interests of Party B;

                

        

        

      

      
        
          	
                  4.

                	
                  Party
      A has established a business relationship with Party B by entering into
      the “Consulting Services Agreement” (hereinafter referred to as the
      “Services Agreement”);

                

        

      

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      
        
          	
                  5.

                	
                  Pursuant
      to the above-mentioned agreement between Party A and Party B, Party B
      shall pay a certain amount of money to Party A. However, the relevant
      payable account has not been paid yet and the daily operation of Party B
      will have a material effect on its capacity to pay such payable account to
      Party A;

                

        

        

      

      
        
          	
                  6.

                	
                  The
      Parties are entering into this Agreement to clarify matters in connection
      with Party B’s operations.

                

        

      

      
        

        NOW THEREFORE, all parties of
this Agreement hereby agree as follows through mutual negotiations:

        

      

      
        
          	
                  1.

                	
                  [Party
      A agrees, subject to the satisfaction of the relevant provisions by Party
      B herein, as the guarantor for Party B in the contracts, agreements or
      transactions in connection with Party B’s operation between Party B and
      any other third party, to provide full guarantee for the performance of
      such contracts, agreements or transactions by Party B. Party B agrees, as
      the counter-guarantee, to pledge all of its assets, including accounts
      receivable, to Party A. According to the aforesaid guarantee arrangement,
      Party A wishes to enter into written guarantee contracts with Party B’s
      counter-parties thereof to assume the guarantee liability as the guarantor
      when it needs; therefore, Party B and Party C shall take all necessary
      actions (including but not limited to execute relevant documents and
      transact relevant registrations) to carry out the arrangement of
      counter-guarantee to Party A.]

                

        

        

        
          	
                  2.

                	
                  In
      consideration of the requirement of Article 1 herein and assuring the
      performance of the various operation agreements between Party A and Party
      B and the payment of the payables accounts by Party B to Party A, Party B
      together with its shareholders Party C hereby jointly agree that Party B
      shall not conduct any transaction which may materially affects its assets,
      obligations, rights or the operations of Party B (excluding the business
      contracts, agreements, sell or purchase assets during Party B’s regular
      operation and the lien obtained by relevant counter parties due to such
      agreements) unless the obtainment of a prior written consent from Party A,
      including but not limited to the
following:

                

        

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      
        
          	
                	
                  2.1

                	
                  To
      borrow money from any third party or assume any
  debt;

                

        

        

        
          	
                	
                  2.2

                	
                  To
      sell to or acquire from any third party any asset or right, including but
      not limited to any intellectual property
right;

                

        

        

        
          	
                	
                  2.3

                	
                  To
      provide any guarantees to any third parties using its assets or
      intellectual property rights;

                

        

        

        
          	
                	
                  2.4

                	
                  To
      assign to any third party its business
  agreements.

                

        

      

      
        

      

      
        
          	
                  3.

                	
                  In
      order to ensure the performance of the various operation agreements
      between Party A and Party B and the payment of the various payables by
      Party B to Party A, Party B together with its shareholders Party C hereby
      jointly agree to accept, from time to time, advice regarding corporate
      policy advise provided by Party A in connection with company’s daily
      operations, financial management and the employment and dismissal of the
      company’s employees.

                

        

        

        
          	
                  4.

                	
                  Party
      B together with its shareholders Party C hereby jointly agree that Party C
      shall appoint the person recommended by Party A as the directors of Party
      B, and Party B shall appoint Party A’s senior managers as Party B’s
      General Manager, Chief Financial Officer, and other senior officers. If
      any of the above senior officers leaves or is dismissed by Party A, he or
      she will lose the qualification to take any position in Party B and Party
      B shall appoint other senior officers of Party A recommended by Party A to
      take such position. The person recommended by Party A in accordance with
      this Article herein should comply with the stipulation on the
      qualifications of directors, General Manager, Chief Financial Officer, and
      other senior officers pursuant to applicable
  law.

                

        

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      
        
          	
                  5.

                	
                  Party
      B together with its shareholders Party C hereby jointly agree and confirm
      that Party B shall seek the guarantee from Party A first if it needs any
      guarantee for its performance of any contract or loan of flow capital in
      the course of operation. In such case, Party A shall have the right but
      not the obligation to provide the appropriate guarantee to Party B on its
      own discretion. If Party A decides not to provide such guarantee, Party A
      shall issue a written notice to Party B immediately and Party B shall seek
      a guarantee from other third party.

                

        

        

        
          	
                  6.

                	
                  In
      the event that any of the agreements between Party A and Party B
      terminates or expires, Party A shall have the right but not the obligation
      to terminate all agreements between Party A and Party B including but not
      limited to the Services Agreement.

                

        

        

        
          	
                  7.

                	
                  Any
      amendment and supplement of this Agreement shall be made in writing. The
      amendment and supplement duly executed by all parties shall be deemed as a
      part of this Agreement and shall have the same legal effect as this
      Agreement.

                

        

        

        
          	
                  8.

                	
                  If
      any clause hereof is judged as invalid or non-enforceable according to
      relevant laws, such clause shall be deemed invalid only within the
      applicable area of the Laws and without affecting other clauses hereof in
      any way.

                

        

        

        
          	
                  9.

                	
                  Party
      B shall not assign its rights and obligations under this Agreement to any
      third party without the prior written consent of Party A. Party B hereby
      agrees that Party A may assign its rights and obligations under this
      Agreement as it needs and such transfer shall only be subject to a written
      notice sent to Party B by Party A, and no any further consent from Party B
      will be required.

                

        

        

        
          	
                  10.

                	
                  All parties acknowledge and
      confirm that any oral or written materials communicated pursuant to this
      Agreement are confidential documents. All parties shall keep secret of all
      such documents and not disclose any such documents to any third party
      without prior
      written consent from other parties unless under the following conditions:
      (a) such documents
      are known or shall be known by the public (excluding the receiving
      party discloses such
      documents to the public without authorization); (b) any documents
      disclosed in accordance with applicable laws or rules or regulations of
      stock exchange; (c) any documents required to be disclosed by any party to
      its legal counsel or
      financial consultant for the purpose of the transaction of this Agreement
      by any party, and
      such legal counsel or financial consultant shall also comply with the
      confidentiality as stated hereof. Any disclosure by employees or agencies
      employed by any
      party shall be deemed the disclosure of such party and such party shall
      assume the
      liabilities for its breach of contract pursuant to this Agreement. This
      Article shall survive whatever this Agreement
      is void, amended, cancelled, terminated or unable to perform.

                

        

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      
        
          	
                  11.

                	
                  This
      Agreement shall be governed by and construed in accordance with PRC
      law.

                

        

        

      

      
        
          	
                  12.

                	
                  The
      parties shall strive to settle any dispute arising from the interpretation
      or performance of this Agreement through friendly consultation. In case no
      settlement can be reached through consultation, each party can submit such
      matter to China International Economic and Trade Arbitration Commission
      (“CIETAC”) for arbitration in accordance with its rules of CIETAC. The
      arbitration proceedings shall take place in Shanghai and shall be
      conducted in Chinese. Any resulting arbitration award shall be final and
      conclusive and binding upon all the
parties.

                

        

        

      

      
        
          	
                  13.

                	
                  This
      Agreement shall be executed by a duly authorized representative of each
      party as of the date first written above and become effective
      simultaneously.

                

        

        

        
          	
                  14.

                	
                  Notwithstanding Article 13
      hereof, the parties confirm that this Agreement shall constitute the
      entire agreement of the Parties with respect to the subject matters
      therein and supersedes and
      replaces all prior or contemporaneous verbal and written agreements and
      understandings.

                

        

      

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      
        
          	
                  15.

                	
                  The
      term of this agreement is twenty (20) years unless early termination
      occurs in accordance with relevant provisions herein or in any other
      relevant agreements reached by all parties. This Agreement may be extended
      only upon Party A’s written confirmation prior to the expiration of this
      Agreement and the extended term shall be determined by the Parties hereto
      through mutual consultation. During the aforesaid term, if Party A or
      Party B is terminated at expiration of the operation term (including any
      extension of such term) or by any other reason, this Agreement shall be
      terminated upon such termination of such party, unless such party has
      already assigned its rights and obligations in accordance with Article 9
      hereof.

                

        

        

        
          	
                  16.

                	
                  This
      Agreement shall be terminated on the expiration date unless it is renewed
      in accordance with the relevant provision herein. During the valid term of
      this Agreement, Party B shall not terminate this Agreement.
      Notwithstanding the above stipulation, Party A shall have the right to
      terminate this Agreement at any time by issuing a thirty (30) days prior
      written notice to Party B.

                

        

        

      

      
        
          	
                  17.

                	
                  This
      Agreement has been executed in four (4) duplicate originals in English,
      each Party has received one (1) duplicate original, and all originals
      shall be equally valid.

                

        

      

      
        

      

      
        [SIGNATURE
PAGE FOLLOWS]

      

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      
        [Signature
Page]

        

      

      
        IN WITNESS WHEREOF both
parties hereto have caused this Agreement to be duly executed by their legal
representatives and duly authorized representatives on their behalf as of the
date first set forth above.

        

        

      

      
        	
                PARTY
      A:

              	
                Harbin
      Mega Profit Management & Consultation Co., Ltd.

              
	 
      	
                Legal/Authorized
      Representative:

              	
                /s/ ZHENG
      Zhi

              	 
      
	 
      	
                Name:
      ZHENG Zhi

              
	 
      	
                Title:
      Executive Director

              

      

      
        

        

      

      
        	
                PARTY
      B:

              	
                Qinggang
      Mega Profit Agriculture Co., Ltd.

              
	 
      	
                Legal/Authorized
      Representative:

              	
                /s/ ZHENG
      Zhi

              	 
      
	 
      	
                Name:
      ZHENG Zhi

              
	 
      	
                Title:
      Executive Director

              

      

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      
        SIGNATURE PAGE FOR
SHAREHOLDERS OF PARTY B

      

      
        

        

        SHAREHOLDERS
OF PARTY B:

        

        

      

      
        	 
      	
                /s/ WANG Yanbin

              	 
      
	 
      	
                By:
      WANG Yanbin

              
	 
      	
                PRC
      ID Card No.:

              
	 
      	
                Shares
      of Qinggang Mega Profit Agriculture Co., Ltd. owned by WANG
      Yanbin:     85%

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                /s/ WANG Xuelong

              	 
      
	 
      	
                By:
      WANG Xuelong

              
	 
      	
                PRC
      ID Card No.:

              
	 
      	
                Shares
      of Qinggang Mega Profit Agriculture Co., Ltd. owned by WANG
      Xuelong:   15%.

              

      

       

       

      8Unassociated Document

    
      

    

    Exhibit
10.4

    

    OPTION
AGREEMENT

    

    This
Option Agreement (this “Agreement”) is entered into, as of January 1, 2009, in
Harbin, China between Harbin Mega Profit Management & Consultation Co.,
Ltd., with a registered address at Suite.3, 16th Floor, Hong Yang Complex
Building, No. 380 Changjiang Road, Nangang Ji Zhong District, Harbin Develop
Zone, Heilongjiang, China (“Party A”), and Qinggang Mega Profit Agriculture Co.,
Ltd., with a registered address at 1st Floor, Hongbo Community Houdong, Mingzhu
Street, Qinggang County, China (“Party B”) and each of the shareholders of Party
B listed on the signature pages hereto (collectively, the “Party C”), Party A,
Party B and Party C are referred to collectively in this Agreement as the
“Parties.”

    

    R
E C I T A L S

    

    
      	
              1.

            	
              Party
      A, a wholly foreign owned limited company incorporated under law of China,
      has the expertise in the business of Enterprise Management, Enterprise
      Development Designing and Economic Information
    Consultation;

            

    

    

    
      	
              2.

            	
              Party
      B is a limited company incorporated in China, and is engaged in planting
      pasture grass, breeding cows and selling milk (the
      “Business”);

            

    

    

    
      
        	
                3.

              	
                Party
      C is the shareholders of Party B. Party C has the ownership of 100% equity
      interest in Party B.(each, an “Equity Interest” and collectively the
      “Equity Interest”) 4.A series agreements such as the Consulting Services
      Agreement (the “Service Agreement”) have been entered into the Parties on
      January 1, 2009;

              

      

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      
        	
                4.

              	
                A
      series agreements such as the Consulting Services Agreement (the “Service
      Agreement”) have been entered into the Parties on January 1,
      2009;

              

      

    

     

    
      	
              5.

            	
              An
      Equity Pledge Agreement (the “Equity Pledge Agreement”) has been entered
      into by the Parties on January 1,
2009;

            

    

    

    
      	
              6.

            	
              The
      Parties are entering into this Option Agreement in conjunction with the
      Pledge Agreement, Consulting Services Agreement and related
      agreements.

            

    

    

    NOW, THEREFORE, the Parties to
this Agreement hereby agree as follows:

    

    
      	
              1.

            	
              Purchase
      and Sale of Equity Interest

            

    

    

    
      	
               
      

            	
              1.1

            	
              Grant
      of Rights. Party C (hereafter collectively the “Transferor”) hereby
      irrevocably grants to Party A an option to purchase or cause any person
      designated by Party A (“Designated Persons”) to purchase, to the extent
      permitted under PRC Law, according to the steps determined by Party A, at
      the price specified in Section 1.3 of this Agreement, at any time from the
      Transferor a portion or all of the equity interests held by Transferor in
      Party B (the “Option”). No Option shall be granted to any third party
      other than Party A and/or the Designated Persons. Party B hereby agrees to
      the granting of the Option by Party C to Party A and/or the Designated
      Persons. The “person” set forth in this clause and this Agreement means an
      individual person, corporation, joint venture, partnership, enterprise,
      trust or a non-corporation
organization.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              1.2

            	
              Exercise
      of Rights. According to the stipulations of PRC laws and regulation, Party
      A and/or the Designated Persons may exercise Option by issuing a written
      notice (the “Notice”) to the Transferor and specifying the equity interest
      purchased from Transferor (the “Purchased Equity Interest”) and the manner
      of purchase.

            

    

    

    
      	
               
      

            	
              1.3

            	
              Purchase
      Price.

            

    

    

    
      	
               
      

            	
              1.3.1

            	
              For
      Party A to exercise the Option, the purchase price of the Purchased Equity
      Interest (“Purchase Price”) shall be equal to the original paid-in price
      of the Purchased Equity Interest by the Transferor, unless the applicable
      PRC laws and regulations require appraisal of the equity interests or
      stipulate other restrictions on the purchase price of equity
      interests.

            

    

    

    
      	
               
      

            	
              1.3.2

            	
              If
      the applicable PRC laws require appraisal of the equity interests or
      stipulates other restrictions on the purchase price of the Equity Interest
      at the time that Party A exercise the Option, the Parties agree that the
      Purchase Price shall be set at the lowest price permissible under the
      applicable laws.

            

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              1.4

            	
              Transfer
      of the Purchased Equity Interest. Up[on each exercise of the Option rights
      under this Agreement:

            

    

    

    
      	
               
      

            	
              1.4.1

            	
              The
      Transferor shall ask Party C to convene a shareholders’ meeting. During
      the meeting, the resolutions shall be proposed, approving the transfer of
      the appropriate Equity Interest to Party A and/or the Designated
      Persons;

            

    

    

    
      	
               
      

            	
              1.4.2

            	
              The
      Transferor shall, upon the terms and conditions of this Agreement and the
      Notice related to the Purchased Equity Interest, enter into Equity
      Interest purchase agreement in a form reasonably acceptable to Party A,
      with Party A and/or the Designated Persons (as
  applicable);

            

    

    

    
      	
               
      

            	
              1.4.3

            	
              The
      related parties shall execute all other requisite contracts, agreements or
      documents, obtain all requisite approval and consent of the government,
      conduct all necessary actions, without any security interest, transfer the
      valid ownership of the Purchased Equity Interest to Party A and/or the
      Designated Persons, and cause Party A and/or the Designated Persons to be
      the registered owner of the Purchased Equity Interest. In this clause and
      this Agreement, “Security Interest” means any mortgage, pledge, the right
      or interest of the third party, any purchase right of equity interest,
      right of acquisition, right of first refusal, right of set-off, ownership
      detainment or other security arrangements, however, it does not include
      any security interest created under the Equity Pledge
      Agreement.

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              1.5

            	
              Payment.
      The payment of the Purchase Price shall be determined by the consultation
      of Party A and/or the Designated Persons with the Transferor according to
      the applicable laws at the time of exercise of the
  Option.

            

    

    

    
      	
              2.

            	
              Promises
      Relating Equity Interest.

            

    

    

    
      	
               
      

            	
              2.1

            	
              Promises
      Related to Party B. Party B, Party C hereby
  promise:

            

    

    

    
      	
               
      

            	
              2.1.1

            	
              Without
      prior written consent by Party A, not, in any form, to supplement, change
      or renew the Articles of Association of Party B, to increase or decrease
      registered capital of the corporation, or to change the structure of the
      registered capital in any other
forms;

            

    

    

    
      	
               
      

            	
              2.1.2

            	
              According
      to customary fiduciary standards applicable to managers with respect to
      corporations and their shareholders, to maintain the existence of the
      corporation, prudently and effectively operate the
    business;

            

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              2.1.3

            	
              Without
      prior written consent by Party A, not, upon the execution of this
      Agreement, to sell, transfer, mortgage or dispose, in any other form, any
      asset, legitimate or beneficial interest of business or income of Party B,
      or encumber or approve any encumbrance or imposition of any security
      interest on Party A’s assets;

            

    

    

    
      	
               
      

            	
              2.1.4

            	
              Without
      prior written notice by Party A, not issue or provide any guarantee or
      permit the existence of any debt, other than (i) the debt arising from
      normal or daily business but not from borrowing; and (ii) the debt
      disclosed to Party A and obtained the written consent from Party A;
      2.1.5To normally operate all business to maintain the asset value of Party
      B, without taking any action or failing to take any action that would
      result in a material adverse effect on the business or asset value of
      Party B;

            

    

     

    
      
        	
                 
      

              	
                2.1.5

              	
                To
      normally operate all business to maintain the asset value of Party B,
      without taking any action or failing to take any action that would result
      in a material adverse effect on the business or asset value of Party
      B;

              

      

       

    

    
      	
               
      

            	
              2.1.6

            	
              Without
      prior written consent by Party A, not to enter into any material
      agreement, other than agreements in the ordinary course of business (for
      purposes of this paragraph, if the amount of the Agreement involves an
      amount that exceeds a hundred thousand Yuan (RMB 100,000) the agreement
      shall be deemed material);

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              2.1.7

            	
              Without
      prior written consent by Party A, not to provide loan or credit loan to
      any others;

            

    

    

    
      	
               
      

            	
              2.1.8

            	
              Upon
      the request of Party A, to provide all materials of operation and finance
      relevant to Party B;

            

    

    

    
      	
               
      

            	
              2.1.9

            	
              Purchases
      and holds the insurance from the insurance company accepted by Party A,
      the insurance amount and category shall be the same with those held by the
      companies in the same industry or field, operating the similar business
      and owning the similar properties and assets as Party
  B;

            

    

    

    
      	
               
      

            	
              2.1.10

            	
              Without
      prior written consent by Party A, not to merge or associate with any
      person, or acquire or invest in any
person;

            

    

    

    
      	
               
      

            	
              2.1.11

            	
              To
      notify Party A of the occurrence or the potential occurrence of the
      litigation, arbitration or administrative procedure related to the assets,
      business and income of Party B;

            

    

    

    
      	
               
      

            	
              2.1.12

            	
              In
      order to keep the ownership of Party B to all its assets, to execute all
      requisite or appropriate documents, take all requisite or appropriate
      actions, and pursue all appropriate claims, or make requisite or
      appropriate pleas for all claims;

            

    

    

    
      	
               
      

            	
              2.1.13

            	
              Without
      prior written notice by Party A, not to assign equity interests to
      shareholders in any form; however, Party A shall distribute all or part of
      its distributable profits to their own shareholders upon request by Party
      A;

            

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              2.1.14

            	
              According
      to the request of Party A, to appoint any person designated by Party A to
      be the directors of Party B.

            

    

    

    
      	
               
      

            	
              2.2

            	
              Promises
      Related to Transferor. Party C hereby
promise:

            

    

    

    
      	
               
      

            	
              2.2.1

            	
              Without
      prior written consent by Party A, not, upon the execution of this
      Agreement, to sell, transfer, mortgage or dispose in any other form any
      legitimate or beneficial interest of equity interest, or to approve any
      other security interest set on it, with the exception of the pledge set on
      the equity interest of the Transferor subject to Equity Pledge
      Agreement;

            

    

    

    
      	
               
      

            	
              2.2.2

            	
              Without
      the prior written notice by Party A, not to decide or support or execute
      any shareholder resolution at any shareholder meeting of Party B that
      approves any sale, transfer, mortgage or dispose of any legitimate or
      beneficial interest of equity interest, or allows any other security
      interest set on it, other than the pledge on the equity interests of
      Transferor pursuant to Equity Pledge
Agreement;

            

    

    

    
      	
               
      

            	
              2.2.3

            	
              Without
      prior written notice by Party A, the Parties shall not agree or support or
      execute any shareholders resolution at any shareholder meeting of Party B
      that approves Party B’s merger or association with any person, acquisition
      of any person or investment in any
person;

            

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              2.2.4

            	
              To
      notify Party A the occurrence or the potential occurrence of the
      litigation, arbitration or administrative procedure related to the equity
      interest owned by them;

            

    

    

    
      	
               
      

            	
              2.2.5

            	
              To
      cause the Board of Directors of Party B to approve the transfer of the
      Purchased Equity Interest subject to this
  Agreement;

            

    

    

    
      	
               
      

            	
              2.2.6

            	
              In
      order to keep its ownership of the equity interest, to execute all
      requisite or appropriate documents, conduct all requisite or appropriate
      actions, and make all requisite or appropriate claims, or make requisite
      or appropriate defend against fall claims of
  compensation;

            

    

    

    
      	
               
      

            	
              2.2.7

            	
              Upon
      the request of Party A, to appoint any person designated by Party A to be
      the directors of Party B;

            

    

    

    
      	
               
      

            	
              2.2.8

            	
              Upon
      the request of Party A at any time, to transfer its Equity Interest
      immediately to the representative designated by Party A unconditionally at
      any time and abandon its prior right of first refusal of such equity
      interest transferring to another available
  shareholder;

            

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              2.2.9

            	
              To
      prudently comply with the provisions of this Agreement and other
      Agreements entered into collectively or respectively by the Transferor,
      Party B and Party A and perform all obligations under these Agreements,
      without taking any action or any nonfeasance that sufficiently affects the
      validity and enforceability of these
Agreements;

            

    

    

    
      	
              3.

            	
              Representations
      and Warranties. As of the execution date of this Agreement and every
      transferring date, Party B, Party C hereby represent and warrant
      collectively and respectively to Party A as
  follows:

            

    

    

    
      	
               
      

            	
              3.1

            	
              It
      has the power and ability to enter into and deliver this Agreement, and
      any equity interest transferring Agreement (“Transferring Agreement,”
      respectively) having it as a party, for every single transfer of the
      Purchased Equity Interest according to this Agreement, and to perform its
      obligations under this Agreement and any Transferring Agreement. Upon
      execution, this Agreement and the Transferring Agreements having it as a
      party will constitute a legal, valid and binding obligation of it
      enforceable against it in accordance with its
  terms;

            

    

    

    
      	
               
      

            	
              3.2

            	
              The
      execution, delivery of this Agreement and any Transferring Agreement and
      performance of the obligations under this Agreement and any Transferring
      Agreement will not: (i) cause to violate any relevant laws and regulations
      of PRC; (ii) constitute a conflict with its Articles of Association or
      other organizational documents; (iii) cause to breach any Agreement or
      instruments to which it is a party or having binding obligation on it, or
      constitute the breach under any Agreement or instruments to which it is a
      party or having binding obligation on it; (iv) cause to violate relevant
      authorization of any consent or approval to it and/or any continuing valid
      condition; or (v) cause any consent or approval authorized to it to be
      suspended, removed, or into which other requests be
  added;

            

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              3.3

            	
              The
      shares of Party B are transferable, and Party B has not permitted or
      caused any security interest to be imposed upon the shares of Party
      B.

            

    

    

    
      	
               
      

            	
              3.4

            	
              Party
      B does not have any unpaid debt, other than (i) debt arising from its
      normal business; and (ii) debt disclosed to Party A and obtained by
      written consent of Party A;

            

    

    

    
      	
               
      

            	
              3.5

            	
              Party
      B has complied with all PRC laws and regulations applicable to the
      acquisition of assets and securities in connection with this
      Agreement;

            

    

    

    
      	
               
      

            	
              3.6

            	
              No
      litigation, arbitration or administrative procedure relevant to the Equity
      Interests and assets of Party B or Party B itself is in process or to be
      settled and the Parties have no knowledge of any pending or threatened
      claim;

            

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              3.7

            	
              The
      Transferor bears the fair and salable ownership of its Equity Interest
      free of encumbrances of any kind, other than the security interest
      pursuant to the Equity Pledge
Agreement.

            

    

    

    
      	
              4.

            	
              Assignment
      of Agreement

            

    

    

    
      	
               
      

            	
              4.1

            	
              Party
      B and Party C shall not transfer their rights and obligations under this
      Agreement to any third party without the prior written consent of the
      Party A.

            

    

    

    
      	
               
      

            	
              4.2

            	
              Party
      B and Party C hereby agrees that Party A shall be able to transfer all of
      its rights and obligation under this Agreement to any third party with its
      needs, and such transfer shall only be subject to a written notice sent to
      Party B, Party C by Party A, and no any further consent from Party B and
      Party C will be required.

            

    

    

    
      	
              5.

            	
              Effective
      Date and Term

            

    

    

    
      	
               
      

            	
              5.1

            	
              This
      Agreement shall be effective as of the date first set forth
      above.

            

    

    

    
      	
               
      

            	
              5.2

            	
              The
      term of this Agreement is twenty (20) years unless the early termination
      in accordance with this Agreement or other terms of the relevant
      agreements stipulated by the Parties. This Agreement may be extended
      according to the written consent of Party A before the expiration of this
      Agreement. The term of extension will be decided unanimously through
      mutual agreement of the
Parties.

            

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              5.3

            	
              If
      Party A or Party B terminates by the expiration of its operating period
      (including any extended period) or other causes in the term set forth in
      Section 5.2, this Agreement shall be terminated simultaneously, except
      Party A has transferred its rights and obligations in accordance with
      Section 4.2 of this Agreement.

            

    

    

    
      	
              6.

            	
              Applicable
      Law and Dispute Resolution

            

    

    

    
      	
               
      

            	
              6.1

            	
              Applicable
      Law. The execution, validity, construing and performance of this Agreement
      and the resolution of disputes under this Agreement shall be governed by
      the laws of PRC.

            

    

    

    
      	
               
      

            	
              6.2

            	
              Dispute
      Resolution. The parties shall strive to settle any dispute arising from
      the interpretation or performance in connection with this Agreement
      through friendly consultation. In case no settlement can be reached
      through consultation within thirty (30) days after such dispute is raised,
      each party can submit such matter to China International Economic and
      Trade Arbitration Commission (the “CIETAC”) in accordance with its rules.
      Arbitration shall take place in Shanghai and the proceedings shall be
      conducted in Chinese. Any resulting arbitration award shall be final
      conclusive and binding upon both
parties.

            

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    
      	
              7.

            	
              Taxes
      and Expenses. Each Party shall, according to the PRC laws, bear any and
      all registering taxes, costs and expenses for equity transfer arising from
      the preparation and execution of this Agreement and all Transferring
      Agreements, and the completion of the transactions under this Agreement
      and all Transferring Agreements.

            

    

    

    
      	
              8.

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

            

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    
      	
              Party
      A

            	
              Harbin
      Mega Profit Management & Consultation Co., Ltd.

            
	 
      	 
      	 
      
	 
      	
              Address:

            	 
      
	 
      	
              Attn:

            	 
      
	 
      	
              Fax:

            	 
      
	 
      	
              Tel:

            	 
      
	 
      	 
      	 
      
	
              Party
      B:

            	
              Qinggang
      Mega Profit Agriculture Co., Ltd.

            
	 
      	 
      	 
      
	 
      	
              Address:

            	 
      
	 
      	
              Attn:

            	 
      
	 
      	
              Fax:

            	 
      
	 
      	
              Tel:

            	 
      
	 
      	 
      	 
      
	
              Party
      C:

            	 
      	 
      
	 
      	 
      	 
      
	 
      	
              Party
      C1

            	
              WANG
      Yanbin

            
	 
      	 
      	 
      
	 
      	
              1

            	 
      
	 
      	 
      	
              Address:

            
	 
      	 
      	
              Tel:

            
	 
      	 
      	
              Fax:

            
	 
      	 
      	 
      
	 
      	
              Party
      C2

            	
              WANG
      Xuelong

            
	 
      	 
      	 
      
	 
      	
              2

            	 
      
	 
      	 
      	
              Address:

            
	 
      	 
      	
              Tel:

            
	 
      	 
      	
              Fax:

            

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    
      	
              9.

            	
              Confidentiality.
      The Parties acknowledge and confirm any oral or written materials
      exchanged by the Parties in connection with this Agreement are
      confidential. The Parties shall maintain the secrecy and confidentiality
      of all such materials. Without the written approval by the other Parties,
      any Party shall not disclose to any third party any relevant materials,
      but the following circumstances shall be
  excluded:

            

    

    

    
      	
               
      

            	
              a.

            	
              The
      materials that is known or may be known by the general public (but not
      include the materials disclosed by each party receiving the
      materials);

            

    

    

    
      	
               
      

            	
              b.

            	
              The
      materials required to be disclosed subject to the applicable laws or the
      rules or provisions of stock exchange;
or

            

    

    

    
      	
               
      

            	
              c.

            	
              The
      materials disclosed by each Party to its legal or financial consultant
      relating the transaction of this Agreement, and this legal or financial
      consultant shall comply with the confidentiality set forth in this
      Section. The disclosure of the confidential materials by staff or employed
      institution of any Party shall be deemed as the disclosure of such
      materials by such Party, and such Party shall bear the liabilities for
      breaching the contract. This clause shall survive whatever this Agreement
      is invalid, amended, revoked, terminated or unable to implement by any
      reason.

            

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    
      	
              10.

            	
              Further
      Warranties. The Parties agree to promptly execute documents reasonably
      required to perform the provisions and the aim of this Agreement or
      documents beneficial to it, and to take actions reasonably required to
      perform the provisions and the aim of this Agreement or actions beneficial
      to it.

            

    

    

    
      	
              11.

            	
              Miscellaneous.

            

    

    

    
      	
               
      

            	
              11.1

            	
              Amendment,
      Modification and Supplement. Any amendment and supplement to this
      Agreement shall only be effective is made by the Parties in
      writing.

            

    

    

    
      	
               
      

            	
              11.2

            	
              Entire
      Agreement. Notwithstanding the Article 5 of this Agreement, the Parties
      acknowledge that this Agreement constitutes the entire agreement of the
      Parties with respect to the subject matters therein and supercede and
      replace all prior or contemporaneous agreements and understandings in verb
      or/and in writing.

            

    

    

    
      	
               
      

            	
              11.3

            	
              Severability.
      If any provision of this Agreement is judged as invalid or non-enforceable
      according to relevant Laws, the provision shall be deemed invalid only
      within the applicable laws and regulations of the PRC, and the validity,
      legality and enforceability of the other provisions hereof shall not be
      affected or impaired in any way. The Parties shall, through fairly
      consultation, replace those invalid, illegal or non-enforceable provisions
      with valid provisions that may bring the similar economic effects with the
      effects caused by those invalid, illegal or non-enforceable
      provisions.

            

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              11.4

            	
              Headings.
      The headings contained in this Agreement are for the convenience of
      reference only and shall not affect the interpretation, explanation or in
      any other way the meaning of the provisions of this
    Agreement.

            

    

    

    
      
        	
              	
                11.5

              	
                Language
      and Copies. This Agreement has been executed in English in four (4)
      duplicate originals; each Party holds one (1) original and each duplicate
      original shall have the same legal
effect.

              

      

    

    

    
      	
               
      

            	
              11.6

            	
              Successor.
      This Agreement shall bind and benefit the successor of each Party and the
      transferee allowed by each Party.

            

    

    

    
      	
               
      

            	
              11.7

            	
              Survival.
      Any obligation taking place or at term hereof prior to the end or
      termination ahead of the end of this Agreement shall continue in force and
      effect notwithstanding the occurrence of the end or termination ahead of
      the end of the Agreement. Article 6, Article 8, Article 9 and Section 11.7
      hereof shall continue in force and effect after the termination of this
      Agreement.

            

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              11.8

            	
              Waiver.
      Any Party may waive the terms and conditions of this Agreement in writing
      with the signature of the Parties. Any waiver by a Party to the breach by
      other Parties within certain situation shall not be construed as a waiver
      to any similar breach by other Parties within other
      situations.

            

    

    

    [SIGNATURE
PAGE FOLLOWS]

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    [Signature
Page]

    

    IN WITNESS WHEREOF both
parties hereto have caused this Agreement to be duly executed by their legal
representatives and duly authorized representatives on their behalf as of the
date first set forth above.

    

    

    
      	
              PARTY
      A:

            	
              Harbin
      Mega Profit Management & Consultation Co., Ltd.

            
	 
      	 
      	 
      
	 
      	
              Legal/Authorized
      Representative:

            	
              /s/ ZHENG Zhi

            	 
      
	 
      	 
      	 
      
	 
      	
              Name:
      ZHENG Zhi

            	 
      
	 
      	 
      	 
      
	 
      	
              Title:
      Executive Director

            	 
      
	 
      	 
      	 
      
	
              PARTY
      B:

            	
              Qinggang
      Mega Profit Agriculture Co., Ltd.

            
	 
      	 
      	 
      
	 
      	
              Legal/Authorized
      Representative:

            	
              /s/ ZHENG Zhi

            	 
      
	 
      	 
      
	 
      	
              Name:
      ZHENG Zhi

            	 
      
	 
      	 
      	 
      
	 
      	
              Title:
      Executive Director

            	 
      
	 
      	 
      	 
      

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    SIGNATURE PAGE FOR
SHAREHOLDERS OF PARTY B

    

    SHAREHOLDERS
OF PARTY B:

    

    
      	 
      	
              /s/
      WANG Yanbin

            	 
      
	 
      	
              By:
      WANG Yanbin

            
	 
      	 
      	 
      
	 
      	
              PRC
      ID Card No.:

            
	 
      	 
      	 
      
	 
      	
              Shares
      of Qinggang Mega Profit Agriculture Co., Ltd. owned by WANG
      Yanbin:   85%

            
	 
      	 
      	 
      
	 
      	
              /s/
      WANG Xuelong

            	 
      
	 
      	
              By:
      WANG Xuelong

            
	 
      	 
      	 
      
	 
      	
              PRC
      ID Card No.:

            
	 
      	 
      	 
      
	 
      	
              Shares
      of Qinggang Mega Profit Agriculture Co., Ltd. owned by WANG Xuelong:
      15%.

            

    

    

     

    21

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]