Beijing Century Dadi Transportation Ltd Sample Clauses

Beijing Century Dadi Transportation Ltd. Co.; and
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Beijing Century Dadi Transportation Ltd. Co., one of the sub-afiliale company of the Target Company will invest with the proportion of 51% and Beijing Fuhua Gas company. Company will invest with the proportion of 49% to establish Beijing Fuhua Energy Logistics (hereinafter referred to as “new company”). The Parties reach the following agreement on the net profit allocation of such new company which will be obtained by Beijing Century Dadi Transportation Ltd., Co. (based on the figures provided in the annual statement submitted to the tax bureau by such new company): 7.7.1 After the execution of this Agreement, the Transferee shall cause Beijing Century Dadi Transportation Ltd., Co. to enter into the consultation service agreement with the Related Party of Transferor regarding to such matters, before which neither the Transferor nor the Related Party of the Transferor is allowed to cause Beijing Century Dadi Transportation Ltd., Co. reach any agreement orally or written regarding the aforesaid matters.
Beijing Century Dadi Transportation Ltd. Co., one of the subsidiaries of the Target Company will invest with the proportion of 51% and Beijing Fuhua Gas company. Company will invest with the proportion of 49% to establish Beijing Fuhua Energy Logistics (hereinafter referred to as “new company”). The Parties reach the following agreement on the net profit allocation of such new company which will be obtained by Beijing Century Dadi Transportation Ltd., Co. (based on the figures provided in the annual statement submitted to the tax bureau by such new company): 7.7.1 After the execution of this Agreement, the Transferee shall cause Beijing Century Dadi Transportation Ltd., Co. to enter into the consultation service agreement with the Related Party of Transferor regarding to such matters, before which neither the Transferor nor the Related Party of the Transferor is allowed to cause Beijing Century Dadi Transportation Ltd., Co. reach any agreement orally or written regarding the aforesaid matters. 7.7.2 50% net profit obtained by Beijing Century Dadi Transportation Ltd., Co. which arises from the new business of such new company and which satisfies all the following conditions of such new company shall be paid to the Related Party of Transferor by Beijing Century Dadi Transportation Ltd., Co. as the consultation service fee: (1) the net profit arise from the new business contract by and between such new company and the new clients of Beijing Century Dadi Transportation Ltd., Co. other than its old clients before the Completion Day; (2) the net profit arises within 3 years commence from the earlier date of the establishment day of such new company and the day when the Transferee owns 70% equity of the Target Company and completes the alteration of AIC registration; (3) the Articles of Association of such new company provided that Beijing Century Dadi Transportation Ltd., Co. has the right to appoint the general manager and the financial controller; and (4) every general manager and financial controller of such new company shall be the person accepted by the Transferee.

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