Equity Transfer Agreement
Party
A:
Sichuan Province Education Institutional Service Center (hereinafter “Party A”
in this agreement)
Party
B:
Shanghai
Kid Castle Educational Info Constitution Company Limited
(hereinafter “Party B” in this agreement)
Party
A
and Party B conclude the agreement as follows based on the friendly
negotiation:
1.
Party
A would like to transfer 10% equity of Sichuan Lanbeisi Kid Castle Education
Development Co., Ltd (with a contribution of RMB80000) to Party B; the payment
manner is: Party B shall pay off all the equity transfer fee of RMB80000 within
5 days after all equity alteration registration/reference is completed and
the
corresponding license and certificate is issued.
2.
Party
B will enjoy the right granted by the Company Law of Peoples’ Republic of China
and shall undertake the relevant obligation without extracting the contribution
after the equity transfer. If there is any breaching, the shareholder itself
shall undertake the economic and legal liabilities.
3.
The
alteration registration shall be transacted at the industrial and commercial
administration in time after the equity transfer. This agreement is triplicate
and becomes effective with the seals of both parties; each of both parties
holds
one, and one is submitted to the industrial and commercial administration for
reference.
Party
A
(Seal): Sichuan Province Education Institutional Service Center
Party
B
(Seal): Shanghai
Kid Castle Educational Info Constitution Company Limited
Signature
Date: 30 June 2007
