Fiscal Year 2013 Consulting Agreement (Translation)
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.
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I.
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This agreement shall be executed during Party A’s fiscal year 2013 that starts on May 1, 2012 and ends on April 30, 2013.
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II.
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Scope of consulting services provided by Party B:
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1.
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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.
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2.
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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;
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3.
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To provide assistance in further improvement of internal controls;
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4.
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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.
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5.
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To assist in the marketing promotion of stevia in North and South American markets at SUWN’s request;
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6.
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To coordinate to raise $1 million for Party A.
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7.
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File an S-8 on behalf of Party A to issue 10,000,000 shares of common stock for the 2012 Compensation Plan.
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8.
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To operate the disposition of Chinese medicine business from Sunwin.
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9.
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Party B shall pay for the auditing fee, legal fee, travel expense and other related third party expenses.
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III.
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Consulting fee:
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1.
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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.
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2.
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The consulting fee shall be used to pay for the balance of the amount owes to WILD.
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3.
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Party A shall not be responsible for the compensation to third party vendors for the corporate matters.
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4.
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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.
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IV.
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This agreement shall take effect upon signatures and stamps of both parties.
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Party A: Sunwin Stevia International, Inc.
Authorized Officer Signature: Xxxxxxxx Xxx
Date: May 1st 2012
Party B: China Direct Investments, Inc.
Authorized Officer Signature: Xxxxx Xxxx
Date: May 1st 2012
