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AiXin Life International, Inc. – ‘S-1/A’ on 3/6/23 – ‘EX-10.8’

On:  Monday, 3/6/23, at 6:14pm ET   ·   As of:  3/7/23   ·   Accession #:  1493152-23-6849   ·   File #:  333-268190

Previous ‘S-1’:  ‘S-1/A’ on 1/17/23   ·   Next:  ‘S-1/A’ on 4/5/23   ·   Latest:  ‘S-1/A’ on 2/9/24   ·   18 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/07/23  AiXin Life International, Inc.    S-1/A       3/06/23   87:12M                                    M2 Compliance LLC/FA

Pre-Effective Amendment to Registration Statement (General Form)   —   Form S-1   —   SA’33

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1/A       Pre-Effective Amendment to Registration Statement   HTML   3.81M 
                (General Form)                                                   
 2: EX-3.7      Articles of Incorporation/Organization or Bylaws    HTML     69K 
 3: EX-5.1      Opinion of Counsel re: Legality                     HTML     26K 
 4: EX-10.7     Material Contract                                   HTML     44K 
 5: EX-10.8     Material Contract                                   HTML     26K 
 6: EX-23.1     Consent of Expert or Counsel                        HTML     23K 
 7: EX-99.2     Miscellaneous Exhibit                               HTML     73K 
13: R1          Cover                                               HTML     53K 
14: R2          Consolidated Balance Sheets                         HTML    145K 
15: R3          Consolidated Balance Sheets (Parenthetical)         HTML     41K 
16: R4          Consolidated Statements of Operations and           HTML    112K 
                Comprehensive Income (Loss)                                      
17: R5          Consolidated Statements of Stockholders' Equity     HTML     89K 
18: R6          Consolidated Statements of Cash Flows               HTML    132K 
19: R7          Organization and Description of Business            HTML     58K 
20: R8          Summary of Significant Accounting Policies          HTML    320K 
21: R9          Other Receivables and Prepaid Expenses              HTML     36K 
22: R10         Advances to Suppliers                               HTML     27K 
23: R11         Inventories                                         HTML     43K 
24: R12         Property and Equipment, Net                         HTML     52K 
25: R13         Intangible Asset, Net                               HTML     39K 
26: R14         Taxes Payable                                       HTML     41K 
27: R15         Accrued Liabilities and Other Payables              HTML     48K 
28: R16         Loan From Third Parties                             HTML     28K 
29: R17         Loan to Third Party                                 HTML     27K 
30: R18         Lease                                               HTML     97K 
31: R19         Related Party Transactions                          HTML     80K 
32: R20         Income Taxes                                        HTML     59K 
33: R21         Stockholders? Equity                                HTML     65K 
34: R22         Statutory Reserves                                  HTML     38K 
35: R23         Operating Contingencies                             HTML     43K 
36: R24         Acquisitions of Subsidiaries                        HTML     79K 
37: R25         Subsequent Event                                    HTML     27K 
38: R26         Summary of Significant Accounting Policies          HTML    381K 
                (Policies)                                                       
39: R27         Summary of Significant Accounting Policies          HTML    159K 
                (Tables)                                                         
40: R28         Other Receivables and Prepaid Expenses (Tables)     HTML     34K 
41: R29         Inventories (Tables)                                HTML     42K 
42: R30         Property and Equipment, Net (Tables)                HTML     46K 
43: R31         Intangible Asset, Net (Tables)                      HTML     35K 
44: R32         Taxes Payable (Tables)                              HTML     39K 
45: R33         Accrued Liabilities and Other Payables (Tables)     HTML     46K 
46: R34         Lease (Tables)                                      HTML     96K 
47: R35         Related Party Transactions (Tables)                 HTML     68K 
48: R36         Income Taxes (Tables)                               HTML     52K 
49: R37         Acquisitions of Subsidiaries (Tables)               HTML     62K 
50: R38         Organization and Description of Business (Details   HTML     95K 
                Narrative)                                                       
51: R39         Schedule of Property and Equipment Estimated Lives  HTML     38K 
                (Details)                                                        
52: R40         Schedule of Concentration of Risk by Risk Factors   HTML     67K 
                (Details)                                                        
53: R41         Schedule of Information Segments (Details)          HTML     65K 
54: R42         Summary of Significant Accounting Policies          HTML     63K 
                (Details Narrative)                                              
55: R43         Schedule of Other Receivables and Prepaid Expenses  HTML     34K 
                (Details)                                                        
56: R44         Advances to Suppliers (Details Narrative)           HTML     25K 
57: R45         Schedule of Inventories (Details)                   HTML     41K 
58: R46         Schedule of Property and Equipment (Details)        HTML     45K 
59: R47         Property and Equipment, Net (Details Narrative)     HTML     26K 
60: R48         Schedule of Intangible Asset (Details)              HTML     30K 
61: R49         Intangible Asset, Net (Details Narrative)           HTML     26K 
62: R50         Schedule of Tax Payable (Details)                   HTML     32K 
63: R51         Schedule of Accrued Liabilities and Other Payables  HTML     45K 
                (Details)                                                        
64: R52         Loan From Third Parties (Details Narrative)         HTML     27K 
65: R53         Loan to Third Party (Details Narrative)             HTML     27K 
66: R54         Schedule of Operating Lease Liabilities (Details)   HTML     31K 
67: R55         Schedule of Operating Lease Expenses (Details)      HTML     25K 
68: R56         Schedule of Other Information Related Leases        HTML     33K 
                (Details)                                                        
69: R57         Schedule of Maturities of Lease Liabilities         HTML     48K 
                (Details)                                                        
70: R58         Lease (Details Narrative)                           HTML     44K 
71: R59         Schedule of Related Party Transactions (Details)    HTML     64K 
72: R60         Related Party Transactions (Details Narrative)      HTML     41K 
73: R61         Schedule of Components of the Provision for Income  HTML     42K 
                Taxes (Details)                                                  
74: R62         Schedule of Deferred Tax Assets (Details)           HTML     24K 
75: R63         Schedule of Effective Income Tax Rate (Details)     HTML     36K 
76: R64         Income Taxes (Details Narrative)                    HTML     34K 
77: R65         Stockholders? Equity (Details Narrative)            HTML     87K 
78: R66         Statutory Reserves (Details Narrative)              HTML     31K 
79: R67         Operating Contingencies (Details Narrative)         HTML     28K 
80: R68         Schedule of Business Acquisition Pro Forma          HTML     39K 
                (Details)                                                        
81: R69         Acquisitions of Subsidiaries (Details Narrative)    HTML     46K 
82: R70         Schedule of Fair Values of the Assets Acquired and  HTML     76K 
                Liabilities Assumed (Details)                                    
85: XML         IDEA XML File -- Filing Summary                      XML    155K 
83: XML         XBRL Instance -- forms-1a_htm                        XML   2.60M 
84: EXCEL       IDEA Workbook of Financial Reports                  XLSX    179K 
 9: EX-101.CAL  Inline XBRL Taxonomy Extension Calculation           XML    248K 
                Linkbase Document -- aixn-20220930_cal                           
10: EX-101.DEF  Inline XBRL Taxonomy Extension Definition Linkbase   XML    446K 
                Document -- aixn-20220930_def                                    
11: EX-101.LAB  Inline XBRL Taxonomy Extension Label Linkbase        XML   1.04M 
                Document -- aixn-20220930_lab                                    
12: EX-101.PRE  Inline XBRL Taxonomy Extension Presentation          XML    780K 
                Linkbase Document -- aixn-20220930_pre                           
 8: EX-101.SCH  Inline XBRL Taxonomy Extension Schema Document --    XSD    175K 
                aixn-20220930                                                    
86: JSON        XBRL Instance as JSON Data -- MetaLinks              393±   591K 
87: ZIP         XBRL Zipped Folder -- 0001493152-23-006849-xbrl      Zip   1.19M 


‘EX-10.8’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

Exhibit 10.8

 

Contribution Agreement

March 1, 2023

 

AiXin Life International, Inc.

Hongxing International Business Building 2

14th FL

No. 69 Qingyun South Ave.

Jinjiang District

Chengdu City, Sichuan Province

China

 

Gentlemen:

 

After giving effect to the reverse stock split of the common stock, par value $0.0001 per share (the “Common Stock”), of AiXin Life International, Inc. (“AiXin”) effected in February 2023, I am the owner of 14,534,676 shares of Common Stock.

 

AiXin has filed a registration statement with respect to a proposed public offering of shares of its Common Stock to be underwritten by Network 1 Financial Securities, Inc. (the “Registration Statement”). AiXin will incur significant expenses in attempting to consummate the proposed offering and given the shares of Common Stock I will own upon consummation of such offering, I will benefit from such expenditures. As an inducement to AiXin to continue its effort to complete the proposed offering, for no consideration other than the expenses referred to in the immediately preceding sentence, I hereby agree to contribute seven million (7,000,000) shares of the Common Stock of the Company effective upon the effectiveness of the Registration Statement.

 

For the avoidance of doubt, upon effectiveness of the Registration Statement and without further action by me or AiXin, the number of shares of Common Stock owned by me shall be reduced by seven million (7,000,000). Further, I shall execute and deliver such instruments as shall be deemed necessary or appropriate to confirm the cancellation of seven million (7,000,000) of the shares owned by me immediately prior to effectiveness of the Registration Statement.

 

This letter agreement shall be binding upon the heirs, personal representatives, successors and assigns of the undersigned.

 

      /s/ Quanzhong Lin
      Quanzhong Lin
       
  Accepted as of the date set forth above.    
  AiXin Life International, Inc.    
       
By: /s/ Tianfeng Li    
  Tianfeng Li    
  Chief Financial Officer    

 

 C: 
 

 

 


Dates Referenced Herein

This ‘S-1/A’ Filing    Date    Other Filings
Filed as of:3/7/23None on these Dates
Filed on:3/6/23
3/1/23
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/08/24  AiXin Life International, Inc.    10-K       12/31/23   94:6.6M                                   M2 Compliance LLC/FA
 2/09/24  AiXin Life International, Inc.    S-1/A                 87:14M                                    M2 Compliance LLC/FA
 7/25/23  AiXin Life International, Inc.    S-1/A                 85:12M                                    M2 Compliance LLC/FA
 6/26/23  AiXin Life International, Inc.    S-1/A                 85:12M                                    M2 Compliance LLC/FA
 4/05/23  AiXin Life International, Inc.    S-1/A                 86:12M                                    M2 Compliance LLC/FA


13 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/15/23  AiXin Life International, Inc.    8-K/A:5,9   1/06/23   12:3.1M                                   M2 Compliance LLC/FA
11/04/22  AiXin Life International, Inc.    S-1                   86:12M                                    M2 Compliance LLC/FA
10/27/22  AiXin Life International, Inc.    8-K/A:1,9   7/19/22   11:709K                                   M2 Compliance LLC/FA
10/06/22  AiXin Life International, Inc.    8-K/A:2,9   7/19/22   11:268K                                   M2 Compliance LLC/FA
 7/26/22  AiXin Life International, Inc.    8-K:1,9     7/19/22   11:309K                                   M2 Compliance LLC/FA
 6/03/21  AiXin Life International, Inc.    8-K:1,9     6/02/21    2:123K                                   M2 Compliance LLC/FA
 6/01/21  AiXin Life International, Inc.    8-K:1,9     5/25/21    2:102K                                   M2 Compliance LLC/FA
 9/25/20  AiXin Life International, Inc.    8-K:8,9     8/04/20    6:257K                                   M2 Compliance LLC/FA
 8/24/20  AiXin Life International, Inc.    DEF 14C     8/24/20    1:1.1M                                   M2 Compliance LLC/FA
 1/10/19  AiXin Life International, Inc.    S-8         1/10/19    4:178K                                   M2 Compliance LLC/FA
 1/16/18  AiXin Life International, Inc.    10-Q       11/30/17   34:1.4M                                   M2 Compliance LLC/FA
 6/03/08  AiXin Life International, Inc.    8-K:3,5,9   5/30/08    3:93K                                    Knight Bobbie L/FA
 3/07/07  AiXin Life International, Inc.    10KSB       5/31/06    6:361K                                   Knight Bobbie L/FA
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Filing Submission 0001493152-23-006849   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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