0001264931-10-000491 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • December 23rd, 2010 • NaturalShrimp Holdings Inc • Fishing, hunting and trapping • Texas

This Employment Agreement (this "Agreement") dated as of January 1, 2008 (the "Commencement Date") is by and between NaturalShrimp Corporation, a Texas corporation ("Employer"), and Douglas H. Ernst ("Employee" and, together with Employer, the "Parties" and each individually, a "Party").

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RE: Amendment to Subordinated Promissory Note
Subordinated Promissory Note • December 23rd, 2010 • NaturalShrimp Holdings Inc • Fishing, hunting and trapping • Texas

This letter confirms our agreement to amend the Subordinated Promissory Note, dated as of December 31, 2008 (as amended, the "Note"), issued by NaturalShrimp Holdings, Inc. (the "Company") to Baptist Community Services. As set forth in §2 of the Note, the maximum principal amount outstanding under the Note shall not exceed $70,000 and the Company could borrow amounts under the Note until March 31, 2009. This letter represents our agreement to increase the maximum Principal amount outstanding under the Note to $125,000 and to extend the date until which the Company can borrow amounts under the Note to the Maturity Date, as defined in the Note.

PRODUCTION PURCHASE AGREEMENT
Production Purchase Agreement • December 23rd, 2010 • NaturalShrimp Holdings Inc • Fishing, hunting and trapping • Texas

This Production Purchase Agreement (the “Agreement”) is entered into this 27 day of January 2010 by and between NaturalShrimp Corporation, a Delaware corporation whose address for notice purposes is 2068 N. Valley Mills Dr., Waco, Texas 76710 (hereafter “Seller”) and Nature’s Prime Organic Farms LLC, a Minnesota corporation, whose address for notice purposes is 2420 Chaska Blvd., Chaska, Minnesota 55318 (hereafter, “Purchaser”). Each of the parties is herein referred to singularly as a “Party” and collectively as the “Parties.”

FORBEARANCE AGREEMENT
Forbearance Agreement • December 23rd, 2010 • NaturalShrimp Holdings Inc • Fishing, hunting and trapping

THIS FORBEARANCE AGREEMENT (this "Agreement") is entered into as January 25, 2010, by and between NATURALSHRIMP HOLDINGS, INC., a Delaware corporation, ("Borrower") and BAPTIST COMMUNITY SERVICES, a Texas non-profit corporation ("BCS").

MANAGING BROKER-DEALER SALES AGREEMENT
Managing Broker-Dealer Sales Agreement • December 23rd, 2010 • NaturalShrimp Holdings Inc • Fishing, hunting and trapping
EXCLUSIVE DISTRIBUTORSHIP AGREEMENT
Exclusive Distributorship Agreement • December 23rd, 2010 • NaturalShrimp Holdings Inc • Fishing, hunting and trapping

Contact at the date of signature (the parties have an obligation of information of any change) Name, title. mobile, e-mail: Contact at GAMBAS Emilio Munoz Elena Garcia Contact at the Distributor Manuel Maria Izaguirre Gonzalez

SECURITY AGREEMENT
Loan Agreement • December 23rd, 2010 • NaturalShrimp Holdings Inc • Fishing, hunting and trapping • Texas

This Loan Agreement (the “Loan”) is made and entered into this _____ day of ___________________, 2010 by and between ________________________________ whose principal address is ___________________________________________________ (hereafter, “Lender”) and NaturalShrimp Corporation, a Delaware corporation, with its principal place of business at 2068 N. Valley Mills Dr., Waco, Texas 76710 (hereafter, “Borrower”).

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