CHINA GATE TECHNOLOGY CO., LTD (hereinafter, known as "Party A") and Guangzhou IPA (hereinafter, known as "Party B") hereby establish this agreement to jointly explore the market of Giant King Grass, Elephant Grass and Purple King Grass.
Through our acquisition of IPA BVI and IPA China we indirectly obtained a worldwide sublicense to cultivate and sell “Giant King Grass,” a natural hybrid, non-genetically modified, fast-growing, perennial grass originally developed for livestock feed.