Xiamen Star Fashion Culture Media Co., Ltd. Equity Transfer Agreement
Exhibit 10.7
015
Xiamen Star Fashion Culture Media Co., Ltd.
The Transferor (hereinafter referred to as Party A): Xxxxx Xxxxxxxx
Business license No. or ID card No.:
Address:
Transferee (hereinafter referred to as Party B): Xiamen Xingshu Shandian Culture Media Co., Ltd.
Business License No. or ID Card 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 50% of the equity (subscribed registered capital of 15 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 50% of Xiamen Star Fashion Culture Media Co., Ltd The equity (subscribed registered capital of RMB 15 million) shall be transferred to Party B at the price of RMB 15 million, 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 During the year, the transfer fee will be RMB 15 million in cash It shall be paid to Party A in 5 times.
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, and there is no mortgage, pledge, guarantee or other defects that may affect the interests of the transferee. Before the completion of the above equity transfer, Party A shall not
