Contribution Agreement between Quanzhong Lin and AiXin Life International, Inc. (March 17, 2025)
This agreement is between Quanzhong Lin and AiXin Life International, Inc. Lin agrees to contribute 7,000,000 shares of AiXin common stock he owns, effective upon the company's registration statement becoming effective for a public offering. In return, Lin receives no direct compensation other than the benefit from AiXin's offering expenses. Upon the registration statement's effectiveness, Lin's share ownership will be reduced by 7,000,000 shares, and he will execute any necessary documents to confirm this cancellation. The agreement is binding on Lin's heirs and successors.
Exhibit 10.8
CONTRIBUTION AGREEMENT
March 17, 2025
AiXin Life International, Inc.
Hongxing International Business Building 2
14th FL
No. 69 Qingyun South Ave.
Jinjiang District
Chengdu City, Sichuan Province
China
Gentlemen:
I am the owner of 14,534,676 shares of the common stock, par value $0.0001 per share (the “Common Stock”), of AiXin Life International, Inc. (“AiXin”).
AiXin has filed a registration statement with respect to a proposed public offering of shares of its Common Stock (the “Registration Statement”). AiXin will incur significant expenses in attempting to consummate the proposed offering and given the shares of Common Stock I will own upon consummation of such offering, I will benefit from such expenditures. As an inducement to AiXin to continue its effort to complete the proposed offering, for no consideration other than the expenses referred to in the immediately preceding sentence, I hereby agree to contribute seven million (7,000,000) shares of the Common Stock of the Company effective upon the effectiveness of the Registration Statement.
For the avoidance of doubt, upon effectiveness of the Registration Statement and without further action by me or AiXin, the number of shares of Common Stock owned by me shall be reduced by seven million (7,000,000). Further, I shall execute and deliver such instruments as shall be deemed necessary or appropriate to confirm the cancellation of seven million (7,000,000) of the shares owned by me immediately prior to effectiveness of the Registration Statement.
This letter agreement shall be binding upon the heirs, personal representatives, successors and assigns of the undersigned.
| /s/Quanzhong Li | ||
| Quanzhong Lin | ||
| Accepted as of the date hereof: | ||
| Aixin Life International, Inc. |
| By: | /s/ Xiaowen Zheng | |
| Xiaowen Zheng | ||
| Chief Financial Officer |
