Share-holding Entrustment Agreement This entrustment agreement (hereinafter called as “this agreement ”) was signed by following parties (hereinafter called as “agreement parties) in Qingdao, China on July 20, 2008.Party A: Shengyuan Nutritional Food Co., Ltd. (“Shengyuan Nutrition”)Address: Seashore Industrial Park, Jiaonan, Qingdao Natural person A: Jiang Yunpeng; ID card No.: 231026196305045811 Natural person B: Zhang Jibin; ID card No.: 370223196408110032 (hereinafter called as “Party B” or “Party B Together”)Whereas: 1 Validly existing and lawfully established within the territory of the People’s Republic of China, Party A is an exclusively foreign-owned enterprise, whose lawful registration certificate number is: 370284400001270; 2 Party B is a citizen of PRC; 3 Party A will entrust Party B to set up the company in mainland China to deploy pregnant woman detection center project (“project”). Party A will join force with the company of Party B and Party B Together (“Party B Company”) to sign “Exclusive Consulting and Service Agreement” and some other agreements to establish business relationship; 4 Party B is required to use capital to deploy some matters including prophase operation of project. Therefore, after friendly consultations between both Parties on the principle of mutual benefit, the Parties hereby agree as follows: I Stock equity-holding on behalf of holders and relevant fund items 1.1 Party A shall appropriate fund to Party B as per Party B’s written application since the a greement was signed. The sum shall be RMB15 m for each of Party B and the total shall be RMB30 m ( “fund-holding on behalf of holders”). Party B shall be responsible for utilizing this fund as regi...
