Licensing Agreement

EX-10.1 2 v435313_ex10-1.htm EXHIBIT 10.1

 

Exhibit 10.1

 

Licensing Agreement

 

 

THIS AGREEMENT is signed on the 26th day of February , 2016

 

BETWEEN:

 

OGL HOLDINGS LTD. ("OGL") is a public reporting company incorporated under the law of Delaware , USA and having its US office at 215 Apolena Avenue, Newport Beach, California 92662

 

AND

 

Jiangsu O.G.L. Ecological Agriculture Science and Technology Co., Ltd. (“Jiangsu OGL “) a company formed under the laws of China and having its head office located at Shan Shui Commercial Building 24 Floor, Xuyi County, Jiangsu Province Huai River Town 57, China

 

 

RECITALS

 

WHEREAS OGL is looking to build an Organic Exhibition Garden and a Eco-Agricultural Tourism Theme Park in China . They are going to bring in the Technology from Agri-Food & Veterinary Authority of Singapore ( AVA) to build High-Tech Smart Greenhouses for organic plant cultivation ; and

 

WHEREAS Jiangsu OGL has the business license to operate farming , buy and sell agriculture produce , food processing , permits to build resort units in tourism theme park ; and

 

WHEREAS Jiangsu OGL has a leasing agreement for 7020 Acres of Farmland with Jiangsu Provincial Government for 50 years with the annual leasing cost of $800 RMB per acres = $800 RMBx 7020 acres = $ 5,616,000 RMB ( or $860,000 USD) ; and

 

WHEREAS Jiangsu OGL has a 49,136 sq meters Organic Exhibition Garden and is open to the public for an entrance fee of approximately USD$8 where visitors can view and experience the greenhouses, plants and purchase fresh produce

 

NOW THEREFORE, in consideration of the mutual covenants and future development in the Agriculture Industry . Both Parties agree to cooperate on the following terms and conditions :

 

1.OGL has an exclusive right to use Jiangsu OGL’s business license to operate and develop the agriculture business in Jiangsu, China upon signing this agreement .

 

2.OGL has exclusive rights to build and develop a 3000 Acre Eco-Agricultural Tourism Theme Park on the 7023 Acres of Farmland

 

3.OGL will pay $100,000 licensing fees to Jiangsu OGL for the Organic Exhibition Garden annually. The revenue will start by April 1st , 2016. The first licensing fee will be due by March 31, 2017.

 

 

 

 

 

4.OGL will pay an aggregate value of $6,499,000 to the following parties : 1. Jiangsu OGL’s major partner (OGL Group Pte Ltd ) $1,000,000 in cash by Sept 30, 2016 and 2. issue 1.222,000 shares ( calculated at $4.50 per share )of the Company’s common stock to 38 Jiangsu OGL existing shareholders ..

 

The following is the list of the 38 new shareholders to receive 1,222,000 common stock from OGL Holdings Ltd.

 

PAN LING ER 1000
MENG QIONG 10000
TANG JI LIANG 20000
CHENG MIN QIANG 10000
ZHU XU 5000
ZHANG XIA 5000
ZNEG XIU ZHU 10000
DENG LI NA 1000
LI YAN ZHEN 30000
QI XIAN CHEN 4000
SI NA 20000
HU JIN 3000
RUI HONG QUAN 10000
PENG XING 5000
LIM ING HUEY 300000
CHENG JIE 60000
KELVIN LIM CHING SONG 50000
LIN FU IC 5000
LOW SOW KUAN 55000
NG CHONG BIN 5000
OHG GWEK NEOH 100000
YEO LAY YAN 50000
ANG TUAN CHAI 50000
LUO YUN 5000
NG LOO HOE 50000
PU MUI PANG 50000
TOH ENG WAH 50000
CHENG CHUAN 210000
HUANG HAI TAO 10000
SIEW BENG YIU 20000
TIAN QING 5000
WANG JUN LI 5000
YU KAI JIE 1000
ZHU TAO 1000
GUO QING ZONG 1000
ZHONG XIU JUAN 1000
LIANG ZHI YUN 2000
LIN LI 2000

  

 

 

 

In Witness Whereof, this Cooperative Agreement is duly executed by the duly authorized representatives of the parties as set forth below.


 

   Mr. Lim Kun Lim

 

Chairman , OGL Holdings Ltd.

 

 

 

Ms. Tian Chunzhi

 

CEO, Jiangsu O.G.L. Ecological Agriculture Science and Technology Co., Ltd..