Share Transfer Agreement
Transferor:
Xxxx Xxxx (hereinafter Party A)
Transferee:
Shanxi Putai Resources Group Co., Ltd. (hereinafter Party B)
WHEREAS,
Party A and Party B have been discussing certain arrangements
that
Party A transfers its stock ownership in Shanxi Puda Coal Group Co. Ltd.
(“Shanxi Coal”) to Party B , the parties hereto agree as follows:
| 1. |
Now
Party A agrees to transfer 72% among its total 80% stock ownership
in
Shanxi Coal, to Party B at a purchase price of RMB 16,200,000. Party
B
will pay the purchase price within three months of the execution
of this
agreement. The closing of the transfer will occur on the date a government
approval or confirmation with respect to the transfer is
received.
|
| 2. |
This
agreement is in triplicate. Each party has one copy, and one copy
shall be
recorded at the Administration of Industries and
Commerce.
|
| 3. |
This
agreement becomes effective once both parties have signed
it.
|
Party
A:
Xxxx Xxxx
Date:
September 13th, 2007
Party
B: Shanxi Putai Resources Group Co., Ltd.
Date:
September 13th, 2007
