SHAREHOLDER AGREEMENT
Exhibit 10.2
Party A: Nova Furniture Limited BVI
Address: P.O. Box 957,
Offshore Incorporations Centre,
Road Town, Tortola, British Virgin Islands.
Party B: ST. Xxxxx
Address: 000 X. Xxxxxxxx Xxxx. Xxxxx 000
Xxxxxxxx Xxxx, Xxxxxxxxxx 00000, U.S.A.
This SHAREHOLDER AGREEMENT is entered into by and between Nova Furniture Limited BVI (Party A) located at P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands and ST. Xxxxx (Party B), located at 000 X. Xxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxx Xxxx, Xxxxxxxxxx 00000, X.X.X. and is effective Jan 01, 2011, upon execution by both parties.
Purpose:
ST. Xxxxx’x investment in Nova BVI.
Date: 01-01-2011 Place: Macau
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1.
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ST. Xxxxx invests U.S. $2.4M for 18.75% of NOVA BVI stock share.
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ST. Xxxxx will fulfill its obligation to NOVA BVI on or before Jan 01, 2014.
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2.
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ST. Xxxxx will assist NOVA BVI to expand into the U.S. market, including establishing show rooms, logistic center, sales team and sales network.
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Confidentiality
ST. Xxxxx and NOVA BVI both agree to abide by all state and Federal laws, rules and regulations respecting the confidentiality of the individual. Both parties agree not to divulge any information concerning any client individual to any unauthorized person without the written consent of the individual, employee, client or responsible parent or guardian.
Entire Understanding
This Shareholder agreement sets forth the entire arrangement between the parties and supersedes all prior oral and written understandings, representations, and discussions between the parties respecting the subject matter of this letter.
Governing Law
This Shareholder Agreement shall be governed by and subject to the laws of the British Virgin Islands.
Party A: Nova Furniture Limited BVI Party B: St. Xxxxx
By: /s/ Xxxx Xxxxx Ho By: /s/ Xxxxx Xxx
Xxxx Xxxxx Ho Xxxxx Xxx
Date: 01/01/2011 Date: 01/01/2011
