SEC Contract Filing

Filing Date: 2016-01-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>f8k123115ex10ii_kirin.htm
<DESCRIPTION>STOCK PURCHASE AND BUSINESS SALE AGREEMENT, DATED DECEMBER 31, 2015, BY AND BETWEEN THE COMPANY AND KIRIN GLOBAL ENTERPRISES, INC. FOR THE SALE OF NEW PORT PROPERTY HOLDING, LLC
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>STOCK PURCHASE AND BUSINESS SALE AGREEMENT</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>THIS STOCK PURCHASE AND BUSINESS
SALE AGREEMENT</B> (this &ldquo;Agreement&rdquo;), dated as of December 31, 2015, is entered into by and</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">AMONG:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Kirin International Holding, Inc.</B>,
a corporation formed under the laws of the State of Nevada with its principal<FONT STYLE="background-color: white"> office at </FONT>1528
Brookhollow Drive, Suite 100, Santa Ana, California 92705, and is publicly traded on the OTC Markets under the symbol KIRI (the
&ldquo;Seller&rdquo;),</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">AND</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Kirin Global Enterprises Inc.</B>,
a corporation formed under the laws of the State of California with its principal office at 1528 Brookhollow Drive, Suite 100,
Santa Ana, California 92705, and is held solely by Mr. Jianfeng Guo (the &ldquo;Purchaser&rdquo;).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">AND</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Jasper Lake Holdings Limited,</B>
a limited liability company formed under the laws of the British Virgin Islands with its principal office at P.O. Box 957, Offshore
Incorporations Centre, Road Town, Tortola, British Virgin Islands (the &ldquo;Lender&rdquo;)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">(Collectively referred to as the &ldquo;Parties&rdquo;
and each individually a &ldquo;Party&rdquo;)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>,
the Seller owns 50% of the issued and outstanding membership interest (the &ldquo;<U>Membership Interests</U>&rdquo;) of <B>Newport
Property Holding, LLC</B>, a limited liability company duly incorporated under the laws of the State of California (the &ldquo;<U>Company</U>&rdquo;),
with Membership Interests valued at Two Million Eight Hundred Sixty Four Thousand Nine Hundred and Eighty-Four U.S. Dollars (U.S.$2,864,984)
as of September 30, 2015 (based on the total stockholders&rsquo; equity of the Company as of September 30, 2015), and Seller desires
to sell the Membership Interests and all of its interest in the Company to the Purchaser.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B>&#9;the
Seller desires to sell and the Purchaser desires to buy the Membership Interests and all of Seller&rsquo;s interest in the Company,
and both the Seller and Purchaser desire to set forth the terms and conditions governing the purchase and sale of the Membership
Interests.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS, </B>the
Seller issued to the Lender a certain 8% convertible promissory note dated December 19, 2015 in the principal amount of One Hundred
Fifty Million U.S. Dollars (U.S. $150,000,000.00) (the &ldquo;Note&rdquo;) as part of certain acquisition consummated on December
19, 2015 by the Seller.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> the Lender
desires to finance the Purchaser Three Million and Three Hundred Thousand U.S. Dollars (US$3,300,000) being the price for the purchase
of the Company (