Fiscal Year 2013 Consulting Agreement (Translation)
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EX-10.32 2 exh10-32.htm FISCAL YEAR 2013 CONSULTING AGREEMENT (ENGLISH TRANSLATION) DATED MAY 2, 2012 BETWEEN SUNWIN STEVIA INTERNATIONAL, INC. AND CHINA DIRECT INVESTMENTS, INC. exh10-32.htm
Exhibit 10.32
Fiscal Year 2013 Consulting Agreement
(Translation)
Party A: Sunwin Stevia International, Inc.
Party B: China Direct Investments, Inc.
After friendly consultations between both parties, Party A hereby agrees to engage Party B to provide consulting services in fiscal year 2013 pursuant to the terms and conditions defined as follows.
| I. | This agreement shall be executed during Party A’s fiscal year 2013 that starts on May 1, 2012 and ends on April 30, 2013. |
| II. | Scope of consulting services provided by Party B: |
| 1. | To coordinate the corporate matters on behalf of Party A including press release, investor relations, road shows, auditing, legal consultation, stock issuance, assisting in the opening of brokerage accounts of SUWN’s related parties, English/Chinese translation of documents, corporation registration update with the State, tax return, file management, and other daily events of the public company. |
| 2. | To coordinate the preparation and filing of all required public disclosures in the timely manner including but not limited to three 10Qs, annual report 10K,and 8-ks; |
| 3. | To provide assistance in further improvement of internal controls; |
| 4. | To take charge of the communication and coordination with WILD and Domino on behalf the Party A to maintain the collaboration relationship, and follow up with the related business. |
| 5. | To assist in the marketing promotion of stevia in North and South American markets at SUWN’s request; |
| 6. | To coordinate to raise $1 million for Party A. |
| 7. | File an S-8 on behalf of Party A to issue 10,000,000 shares of common stock for the 2012 Compensation Plan. |
| 8. | To operate the disposition of Chinese medicine business from Sunwin. |
| 9. | Party B shall pay for the auditing fee, legal fee, travel expense and other related third party expenses. |
| III. | Consulting fee: |
| 1. | Party A shall issue 2,500,000 shares of common stock of Sunwin Stevia International, Inc. to Party B as the total compensation for the consulting services provided during fiscal year 2013. Party A shall make the payment by two installments: 2,000,000 shares of SUWN common stock are due by the 10th business days after this agreement takes effect; and the remaining 500,000 shares of SUWN common stock are due by December 31st ,2012. |
| 2. | The consulting fee shall be used to pay for the balance of the amount owes to WILD. |
| 3. | Party A shall not be responsible for the compensation to third party vendors for the corporate matters. |
| 4. | Party B currently owes $ 213,807.13 to Party A. Party B shall pay $113,807.18 back to Party A before August 25th, 2012. The remaining $100,000 shall be fully paid before December 30th, 2012. |
| IV. | This agreement shall take effect upon signatures and stamps of both parties. |
Party A: Sunwin Stevia International, Inc.
Authorized Officer Signature: Dongdong Lin
Date: May 1st 2012
Party B: China Direct Investments, Inc.
Authorized Officer Signature: James Wang
Date: May 1st 2012