SHARE PLEDGE AGREEMENTShare Pledge Agreement • October 15th, 2012 • American Lorain CORP • Canned, frozen & preservd fruit, veg & food specialties • New York
THIS SHARE PLEDGE AGREEMENT, dated as of this 19th day of October, 2010, (the “Pledge Agreement”) is made by and between Mr. Si Chen (the “Pledgor”), an individual with an address at Room 101, Unit 2, Bldg. No. 119 of Huala Road, Junan County, Linyi City, Shandong Province, China, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, a German Limited Liability Company with an address at Kämmergasse 22, 50676 Köln, Germany (the “Secured Party”), and Phillips Nizer LLP, with an address at 666 Fifth Avenue, 28th Floor, New York, NY 10103, to hold the Pledged Securities (as defined below) as agent for the benefit of the Secured Party (the “Agent”). Furthermore, American Lorain Corporation, a Nevada corporation with an address at 220 South Minnesota Street, Carson City, NV 89703 (the “Sponsor”) is a party to this Pledge Agreement solely for purposes of Sections 7.2 and 7.3 hereof.
