SHARE EXCHANGE AGREEMENT BY AND AMONG SHENYANG TAIYU MACHINERY & ELECTRONIC EQUIPMENT CO., LTD and SMARTHEAT INC. and THE SHAREHOLDERS OF SHENYANG TAIYU MACHINERY & ELECTRONIC EQUIPMENT CO., LTD Dated as of April 14, 2008Share Exchange Agreement • April 28th, 2008 • Beijing YSKN Machinery & Electronic Equipment Co., Ltd. • Heating equipment, except electric & warm air furnaces • Nevada
This SHARE EXCHANGE AGREEMENT (this "Agreement") is entered into as of April 14, 2008, by and among SHENYANG TAIYU MACHINERY & ELECTRONIC EQUIPMENT CO., LTD, a company organized under the laws of the Peoples Republic of China ("Taiyu") and SMARTHEAT INC., a Nevada corporation ("Purchaser") and each of the shareholders of Taiyu listed on Schedule 4.2 hereto (the "Taiyu Shareholders").
