Agreement
Exhibit 10.1
Agreement
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Part A:
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Part B:
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Xxxxxx Xxx, Xxxxx Xxxx, Xxxx Xxx, Xxx Xxx, Meicui Xxx
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Xxx Xxx Xxxx Investment (HK) Limited
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Green Grass Capital Management Limited
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Shenzhen Top Finance Guaranty Investment Inc.
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Article 1 The cash payment incurred from the acquisition of AIVtech (Hong Kong) CO., Ltd. (“AIVtech-HK) by AIVtech International Group Co. which was originally due on May 12, 2011, will be postponed to the due dates as set forth below:
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No.
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Name of Former AIVtech-HK Shareholders
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Cash Payment
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Original Payment Date
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New Payment Date
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1
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Xxxxxx Xxx
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US$993,348.25
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2011/5/12
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2012/5/12
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2
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Xxxxx Xxxx
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US$315,850.00
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2011/5/12
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2012/5/12
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3
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Xxxx Xxx
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US$276,368.75
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2011/5/12
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2012/5/12
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4
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Xxx Xxx
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US$276,368.75
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2011/5/12
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2012/5/12
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5
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Meicui Liu
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US$315,850.00
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2011/5/12
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2012/5/12
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6
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Guo Xxx Xxxx Investment (HK) Limited
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US$315,850.00
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2011/5/12
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2012/5/12
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7
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Green Grass Capital Management Limited
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US$664,864.25
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2011/5/12
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2012/5/12
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8
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Shenzhen Top Finance Guaranty Investment Inc
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US$789,625.00
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2011/5/12
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2012/5/12
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Total
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US$3,948,125.00
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Article 2 Both parties acknowledge and agree that the party can avoid to undertake the economical responsibility if the party who cannot implement the agreement provides the notary department proof documents due to wars, serious natural disasters and some other human irresistible events that agreed by both parties which cause the agreement unimplemented.
Article 3 The disputes caused by the implementation of this agreement shall be resolved through negotiated settlement and mediation. If the parties cannot reach agreement through settlement or mediation, then either party can submit the disputes to arbitration commission for arbitration or file lawsuit with the court in accordance with the laws.
Article 4 The agreement is in duplicate with the equivalent legal effect. The agreement comes into force if both parties sign and make seal.
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Part A:
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AIVtech International Group Co. (signed by Xxxxxx Xxx and sealed)
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Part B:
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Xxxxxx Xxx (signed)
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Xxxxx Xxxx (signed)
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Xxxx Xxx (signed)
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Xxx Xxx (signed)
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Meicui Liu (signed)
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Guo Xxx Xxxx Investment (HK) Limited (signed by Lanbing Ding)
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Green Grass Capital Management Limited (signed by Zheshui Ma)
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Shenzhen Top Finance Guaranty Investment Inc. (signed by Xxx Xxxx)
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