Dongying Haihui Industry& Commerce Co., Ltd Equity Transfer Agreement
Dongying
Haihui Industry& Commerce Co., Ltd
Party A
(transferor): Xxxx Xxxx ( Shareholder of Dongying Haihui Industry and Commerce
Co., Ltd)
Party B
(transferee): Shandong Haiwang Chemical Stock Co.,Ltd
According
to “company law” and the relevant provisions of articles of incorporation， both parties
reached the following agreement regarding equity transfer matters on a voluntary
and equal basis upon the approval of all shareholders.
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I．
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Party
A, upon the shareholders’ consent, will transfer his portion of
shareholding with a par value of RMB 800,000(representing 40% shareholding
rights) in Dongying Haihui Industry& Commerce Co., Ltd to Party B in
accordance with Chinese laws.
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|
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II．
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The
way of transfer: Party B should pay RMB 800,000 in cash one-time to Party
A.
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III．
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This
agreement will comes into force when both parties sign and seal, the
rights and obligations of Party A in Dongying Haihui Industry&
Commerce Co., Ltd shall cease to be effective automatically, and
creditors’ right and obligation subsequent to the transfer agreement
should be assumed by Party B. Party B should conform to article of
incorporation and the relevant
provisions.
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IV．
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This
agreement is quadruplicate, the transferor and the transferee each shall
hold one copy, local State Administration of Industry and Commerce and the
company shall hold one copy each for
reference.
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Party A
(signature):_____________________
/s/ Xxxx
Xxxx
Party B
(seal of the company): Shandong Haiwang Chemical
Stock Co., Ltd
/s/ Xxxx
Xxxxxxx
November
6th,
2009.
Dongying
Haihui Industry& Commerce Co., Ltd
Party A
(transferor): Xxx Xxxx ( Shareholder of Dongying Haihui Industry and Commerce
Co., Ltd)
Party B
(transferee): Shandong Haiwang Chemical Stock Co.,Ltd
According
to “company law” and the relevant provisions of articles of incorporation， both parties
reached the following agreement regarding equity transfer matters on a voluntary
and equal basis upon the approval of all shareholders.
|
|
V．
|
Party
A, upon the shareholders’ consent, will transfer his portion of
shareholding with a par value of RMB 1,200,000(representing 60%
shareholding rights) in Dongying Haihui Industry& Commerce Co., Ltd to
Party B in accordance with Chinese
laws.
|
|
VI．
|
The
way of transfer: Party B should pay RMB 1,200,000 in cash one-time to
Party A.
|
|
VII．
|
This
agreement will comes into force when both parties sign and seal, the
rights and obligations of Party A in Dongying Haihui Industry&
Commerce Co., Ltd shall cease to be effective automatically, and
creditors’ right and obligation subsequent to the transfer agreement
should be assumed by Party B. Party B should conform to article of
incorporation and the relevant
provisions.
|
|
VIII．
|
This
agreement is quadruplicate, the transferor and the transferee each shall
hold one copy, local State Administration of Industry and Commerce and the
company shall hold one copy each for
reference.
|
Party A
(signature):_____________________
/s/ Xxx
Xxxx
Party B
(seal of the company): Shandong Haiwang Chemical
Stock Co., Ltd
/s/ Xxxx
Xxxxxxx
November
6th,
2009.
