Jewelry and Management Agreement
Jewelry and Management Agreement
| Party A: | Yinfu Gold Corporation |
| Address: Xxxx 0000, Xxxxxxx Xxxxx Xxxxxx Xxxxx, Xxxx Xxxx. | |
| Party B: | Guolong Investment Management Jiangsu Co., Ltd. |
| Address: Shanxi Xxxxxxx Xxxxxxxx 00, Xxxxxxxx X, Xxxx X, Xxxxxxx Xxxxxxxx, Xxxxx. | |
| Party C: | Chongqing Number One Jewelry Co., Ltd. |
| Address: Guanyinqiao Xxxxxxx Xx. 000, Xxxxxxxx Xxxxxxxx, Xxxxxxxxx Xxxxx. |
Through friendly negotiation , the above three parties have entered into the following agreement,
1, Party A agrees to issued 30 million common restricted Yinfu Gold Corporation shares to acquire a 30% ownership of Chongqing Number One Jewelry and management provided by Party B. However, the value of the assets and license validity of Party C need to be satisfied the due diligence and audit by the Party.A.
2, It is understood by the Parties that the 30 Million shares of YINFU so issued as payment
for the business assets will be restricted shares as required by Rule 144 of the United States Securities Act (the “Act”
and shall display a restrictive legend as required by the United States Securities and Exchange Act,
3, All the three parties’ cooperation during the period, each bear one another operational risks and legal liability.
4, All the
three parties should aware of the confidential information. And not to disclose information related to the content this
agreement to third parties. Otherwise, will regarded as a breach of contract..
5, Any one of the three parties in violation of this Agreement, not to fulfill a contractual obligation, will exempt the other
two parties corresponding obligations and responsibilities. A One million RMB liquidated damages in addition to compensation need
to compensate for the non-defaulting party,
6, This Agreement is made and shall be governed in all respects, including validity, interpretation and effect, by the laws of China.
7, The agreement, if any matters subject to ABC three parties negotiation. the formation of the supplementary provisions, the supplement
has the same legal effect as the terms and conditions of this Agreement.
8, This agreement is in ABC three parties and copies, whereas any one Copy is to have the same legal effect.
9, the agreement is effective from the date of the three parties signed and sealed..
| Party A: Yinfu Gold Corporation | |
| /s/ Xxxx Xxx Ping | |
| Authorized Signature | |
| Xxxx Xxx Ping | |
| November 9, 2012 | |
| Party B: Guolong Investment Management Jiangsu Co., Ltd. | |
| /s/ Hu Xxx Xxxx | |
| Legal representative | |
| Hu Xxx Xxxx | |
| November 9, 2012 | |
| Party C: Chongqing Number One Jewelry Co., Ltd. | |
| /s/ Xxx Xxxx | |
| Legal representative | |
| Xxx Xxxx | |
| November 9, 2012 |
