VOTING RIGHTS PROXY AGREEMENT
This Voting Rights Proxy Agreement (the “ Agreement ”) is entered into in Ningguo City, Anhui Province, People’s Republic of China (“ PRC ” or “ China ”) as of May 26, 2010 by and among Ningguo Taiyang Incubation Plant Co., Ltd. (“ Party A ”), Auhui Taiyang Poultry Co., Ltd. (the “ Company ” or “ Party B ”), and the undersigned shareholders of Party B (the “ Shareholders ”). Party A, Party B and the Shareholders are each referred to in this Agreement as a “ Party ” and collectively as the “ Parties .”
R E C I T A L S
1. Party B is engaged in the business of cultivating and trading ducks; processing, trading and selling ducklings, feeds, byproducts of ducklings, and raw materials and byproducts of feeds (to operate according to relevant administration license where so required for an item) . Party A has the expertise in consulting, and Party A has entered into a series of agreements with Party B to provide Party B with various consulting services.
2 ． The Shareholders are shareholders of the Company, each legally holding such amount of equity interest of the Company as set forth on the signature page of this Agreement and collectively holding 100% of the issued and outstanding equity interests of the Company (collectively the “Equity Interest”).
3. The Shareholders desire to grant to Party A a proxy to vote the Equity Interest for the maximum period of time permitted by law in consideration of good and valuable consideration, the receipt of which is hereby acknowledged and agreed by Party A.
NOW THEREFORE , the Parties agree as follows:
1. The Shareholders hereby agree to irrevocably grant and entrust Party A, for the maximum period of time permitted by law, with all of their voting rights as shareholders of the Company. Party A shall exercise such rights in accordance with and within the parameters of the laws of the PRC and the Articles of Association of the Company.
2. Party A may establish and amend rules to govern how Party A shall exercise the powers granted by the Shareholders herein, including, but not limited to, the number or percentage of directors of Party A which shall be required to authorize the exercise of the voting rights granted by the Shareholders, and Party A shall only proceed in accordance with such rules.
3. The Shareholders shall not transfer or cause to be transferred the Equity Interest to any party (other than Party A or such designee of Party A). Each Shareholder acknowledges that it will continue to perform its obligations under this Proxy