Supplementary Agreement on the concrete clauses of the Cooperation Contract
EXHIBIT
10.8
Supplementary
Agreement
on the concrete clauses of the Cooperation Contract
Party
A: Inner Mongolia Yongye Biotechnology Co., Ltd
Party
B: Asian Standard Oil Limited
The
two parties reached the following agreement on the concrete clauses of the
Cooperation Contract:
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1.
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Party
A agrees to let the IPR and registered trade xxxx (category 1. application
number: 4128935), patent (an animal nutriment and its method
of preparation, patent number: 2005101182402; a
plant nutriment and its method
of preparation, patent number: 2006101319537) belong to the cooperated
company of the two parties, namely, Inner Mongolia Yongye Nongfeng
Biotechnology
Co., Ltd;
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2.
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Party
A agrees to transfer all the members of the management team of Inner
Mongolia Yongye Biotechnology Co., Ltd. to Inner Mongolia Yongye
Nongfeng Biotechnology
Co., Ltd.;
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3.
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Party
A agrees to transfer the previous, current, and will-to-be clients
and the
Sale Contract to Inner Mongolia Yongye
Nongfeng Biotechnology
Co., Ltd.;
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4.
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Party
A agrees to sign the Exclusive Manufacturing Consignment Contract
with
Inner Mongolia Yongye Nongfeng Biotechnology Co., Ltd. to provide
the
production on the basis of cost and overhead. Inner Mongolia Yongye
Nongfeng Biotechnology
Co. Ltd. has the right to purchase the production plant of Inner
Mongolia
Yongye Biotechnology Co., Ltd. within two years at the cost price;
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5.
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Within
ninety working days after Party A and Party B sign this Supplementary
Agreement, Party A should finish the modified application procedures
for
the above related clauses.
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Party
A:
Inner Mongolia Yongye Biotechnology Co., Ltd.
Sealed
by
Inner Mongolia Yongye Biotechnology Co,. Ltd.
Party
B:
Asia Standard Oil Limited
Sealed
by
Asia Standard Oil Limited
