Attached files
| file | filename |
|---|---|
| S-1 - S-1 - OGL Holdings Ltd. | v435313_s1.htm |
| EX-23.1 - EXHIBIT 23.1 - OGL Holdings Ltd. | v435313_ex23-1.htm |
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..