Xiamen Star Fashion Culture Media Co., Ltd. Equity Transfer Agreement
Exhibit 10.8
017
Xiamen Star Fashion Culture Media Co., Ltd.
The Transferor (hereinafter referred to as Party A): Xxxx Xxx
Business license No. or ID No.:
Address:
Transferee (hereinafter referred to as Party B): Xiamen Xingshu Shandian Culture Media Co., Ltd.
Business License No. or ID No.:
Address:
Xiamen Star Fashion Culture Media Co., Ltd. is a limited company registered in accordance with the Company Law of the People’s Republic of China, with a registered capital of 30 million yuan. Party A has now decided to hold the company 32% of the equity (subscribed registered capital of 9.6 million yuan) shall be transferred to Party B in accordance with the conditions stipulated in this Agreement. On the principle of voluntariness, equality, fairness and good faith, Party A and Party B reach the following agreement through consultation:
Article 1 Subject matter of transfer, transfer price and method of payment
1. Party A agrees to hold the property Xiamen Star Fashion Culture Media Co., Ltd. 32% of the equity (subscribed registered capital of 9.6 million yuan) to 960 The price of RMB 10,000 is transferred to Party B, and Party B agrees to purchase the equity at this price and conditions.
2. Party B agrees to start from the date of signing this Agreement 1 year The transfer fee will be RMB 9.6 million to be divided in cash 5 times paid to Party A.
Article 2 Guarantee
1. Party A warrants that the equity transferred to Party B is the true investment of Party A in Xiamen Star Fashion Culture Media Co., Ltd. and is the equity legally owned by Party A. Party A has the full right to dispose of it. The equity has not been frozen or auctioned by the people’s court, there is no mortgage, pledge, guarantee or other defects that may affect the interests of the transferee, and before the completion of the above equity transfer, Party A will not. The equity shall be disposed of in any way of transfer, gift, mortgage, pledge or other means that will affect party B’s interests. The Company has no existing or potential significant debts, lawsuits, claims and liabilities that the transferor has not
