PROXY AGREEMENT
This
Proxy Agreement (hereinafter referred to as “Agreement”) is entered into
effective as of February 1, 2011 by and among the following parties in Weifang,
Shandong Province, People’s Republic of China (the “PRC”).
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Party A:
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(1)
XXXX
Xxxxxxx, a citizen of the
PRC.
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ID No.
370703196303303016
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(2) SUN Tongjiang, a citizen
of the PRC.
PRC
Passport No. 370206196901121652
Address:
Haiwang Street, Yangzi Community, Coastal Economic Zone, Weifang, Shandong
Province, PRC
(3) LIU Shangxue, a citizen of
the PRC.
ID No.
370703195303183056
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(4) CUI Xiusheng, a citizen of
the PRC.
ID No.
370703196209223036
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(5) LU Junyou, a citizen of
the PRC.
ID No.
370703195507083030
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(6) XXXX Xxxxx, a citizen of
the PRC.
ID No.
370703195208153019
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(7) MU Zuolei, a citizen of
the PRC.
ID No. 370703197410270058
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(8) MU Sisheng, a citizen of
the PRC.
ID No.
370703195606183053
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province,
PRC
(9) HOU Junhua, a citizen of
the PRC.
ID No.
370703196712244133
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(10) CUI Huabei, a citizen of
the PRC.
ID No.
370703196206143014
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(11) XX Xxxxxx, a citizen of
the PRC.
ID No.
370703196104020881
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(12) XX Xxxxxx, a citizen of
the PRC.
ID No.
37070319630813301X
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(13) WANG Bintang, a citizen
of the PRC.
ID No.
370703195708043019
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(14) XXX Xxxxxx, a citizen of
the PRC.
ID No.
370703196411143048
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(15) CUI Tongjing, a citizen
of the PRC.
ID No.
370703196201203030
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, XXX
(00) XX Xxxxxxx, a citizen of
the PRC.
ID No.
370703197212180051
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province,
PRC
(17) CUI Tonglin, a citizen of
the PRC.
ID No.
370703195508253011
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, XXX
(00) XU Jieguo, a citizen of
the PRC.
ID No.
370703195503163519
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(19) WANG Chuanqiang, a
citizen of the PRC.
ID No.
370703197009282280
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(20) SUN Zhipeng, a citizen of
the PRC.
ID No.
37070319630207301X
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(21) SHEN Zhaofa, a citizen of
the PRC.
ID No.
37070319710211351X
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(22) LU Junping, a citizen of
the PRC.
ID No.
370703196406193139
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, XXX
(00) XU Jiechang, a citizen of
the PRC.
ID No.
370703196304253575
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(24) ZHU Yuanhong, a citizen
of the PRC.
ID No.
370728196808232871
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province,
PRC
(25) ZHU Jiuquan, a citizen of
the PRC.
ID No.
370703197208020012
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(26) XXX Xxxxxxx, a citizen of
the PRC.
ID No.
37070319730618001X
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(27) CUI Zhuande, a citizen of
the PRC.
ID No.
37070319650312301X
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(28) WANG Xinhua, a citizen of
the PRC.
ID No.
370703196903083010
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(29) ZHU Linsheng, a citizen
of the PRC.
ID No.
32052119661129701X
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(30) XX Xxxxxx, a citizen of
the PRC.
ID No.
37070319640820302X
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(31) XXXX Xxxxxxxx, a citizen
of the PRC.
ID No.
370703199001070329
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(32) YANG Chunxiang, a citizen
of the PRC.
ID No.
370703197303280015
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province,
PRC
(33) XXX Xxxxxxx, a citizen of
the PRC.
ID No. 110105198404023639
Address: Haiwang Street, Yangzi
Community, Coastal Economic Zone, Weifang, Shandong Province, PRC
(The
thirty-three persons aforementioned are collectively referred to as “Party A”)
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Party B:
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Beijing Binhai Yintai
Technology Co., Ltd., a wholly foreign-owned
enterprise duly established and validly existing under the laws of the
PRC.
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Registered Address: Xxxx 0000, Xxxxx 00, Xxxxxxx Xxxxxxx
Xxxxx, Xxxxxxxx 9 of Mantingfangyuan Community, Qingyunli, Haidian District,
Beijing, PRC.
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Party
C:
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Shandong Haiwang Chemical Stock
Co., Ltd., a joint stock company duly established and
validly existing under the laws of the
PRC.
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Registered Address: Haiwang
Street, Yangzi Community, Coastal Economic Zone, Weifang, Shandong Province,
PRC。
WHEREAS, Party A is the
current legal shareholder of Party C and holds a 100% interest in Party
C;
WHEREAS, Party C and Party B, have entered into
an Exclusive Technical and Consulting Service Agreement and other
agreements;
WHEREAS, in order to perform the above agreements,
Party A is willing to entrust the person designated by Party B (the
“Proxy”) with its shareholder’s rights in Party C under PRC laws.
NOW THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties agree as follows:
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1.
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Party
A hereby agrees to irrevocably entrust the Proxy with all of its
shareholder’s rights in Party C, including, but not limited to, the right
to attend shareholders’ meetings, the right to execute shareholders’
resolutions, the right to sell, assign, transfer or pledge all or any of
Party A’s equity interests in Party C, and the right to vote such equity
interests for all matters including, but not limited to, the appointment
of legal representative, board members, executive directors, inspectors,
chief managers and other senior management
officers.
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2.
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Party
B agrees to designate the Proxy who shall be entrusted by Party A, and
such person shall represent Party A in all matters relating to the
exercise of its shareholder’s rights pursuant to this
Agreement.
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3.
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Party
A and Party B hereby acknowledge that if Party B withdraws the appointment
of the Proxy, Party A will withdraw the authorization of the Proxy and
shall authorize another person(s) designated by Party B to exercise the
rights of Party A relating to its equity interest in Party
C.
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4.
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This
Agreement has been duly executed by all of the Parties and/or their
authorized representatives as of the date first set forth above and shall
be effective simultaneously.
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5.
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This
Agreement shall be executed and come into effect as of the date first set
forth above. This Agreement shall expire on the date that is
twenty years following the date hereof. This Agreement may be
extended prior to termination upon written agreement by each Party. This
Agreement shall be equally binding upon the Parties and Parties’
successor.
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6.
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Any
amendment and/or rescission of this Agreement shall be in writing and
executed upon all of the Parties
hereto.
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[Remainder of
Page Left Intentionally Blank – Signature Page Follows]
[Proxy
Agreement –Signature Page]
IN WITNESS WHEREOF, the
Parties have executed this Agreement on the date first above
written.
Party A:
（1）XXXX Xxxxxxx /s/ Xxxx
Xxxxxxx
（2）SUN Tongjiang /s/ Sun Tongjiang
（3）LIU Shangxue /s/ Liu Shangxue
（4）CUI Xiusheng /s/ Cui Xiusheng
（5）LU Junyou /s/ Lu Junyou
（6）XXXX Xxxxx /s/ Xxxx Xxxxx
（7）MU Zuolei /s/ Mu Zuolei
（8）MU Sisheng /s/ Mu Sisheng
（9）HOU Junhua /s/ Hou Junhua
（10）CUI Huabei /s/ Cui Huabei
（11）XX Xxxxxx /s/ Xx Xxxxxx
（12）XX Xxxxxx /s/ Xx Xxxxxx
（13）WANG Bintang /s/ Wang Bintang
（14）XXX Xxxxxx /s/ Xxx Xxxxxx
（15）CUI Tongjing /s/ Cui Tongjing
（16）XX Xxxxxxx /s/ Xx Xxxxxxx
（17）CUI Tonglin /s/ Cui Tonglin
（18）XU Jieguo /s/ Xu Jieguo
（19）WANG
Chuanqiang /s/
Wang Chuanqiang
（20）SUN Zhipeng /s/
Sun Zhipeng
（21）SHEN Zhaofa /s/
Shen Zhaofa
（22）LU Junping /s/
Lu Junping
（23）XU Jiechang /s/
Xu Jiechang
（24）Zhu Yuanhong /s/
Zhu Yuanhong
（25）ZHU Jiuquan /s/
Zhu
Jiuquan
（26）XXX Xxxxxxx /s/
Xxx Xxxxxxx
（27）CUI Zhuande
/s/ Cui Zhuande
（28）WANG Xinhua /s/
Wang Xinhua
（29）ZHU Linsheng /s/
Zhu Linsheng
（30）XX Xxxxxx /s/
Xx Xxxxxx
（31）XXXX Xxxxxxxx /x/
Xxxx Xxxxxxxx
（00）YANG
Chunxiang /s/
Yang Chunxiang
（33）XXX Xxxxxxx /s/
Xxx Xxxxxxx
Party B: Beijing Binhai Yintai Technology Co.,
Ltd.
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By:
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/s/ Xxxx Xxxxxxx |
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Name:
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Xxxx Xxxxxxx |
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Its:
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Legal Representative |
Party C: Shandong Haiwang
Chemical Stock Co., Ltd.
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By:
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/s/ Xxxx Xxxxxxx |
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Name:
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Xxxx Xxxxxxx |
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Its:
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Legal Representative |
