Equity transfer Agreement
Exhibit 10.3
Party A: Xxxx Xxxxxxx
Party B: Guangzhou Youxin Technology Co., Ltd.
Date of Signature: June 30, 2020
Party A: Xxxx Xxxxxxx
Address: Third Groups of 00 xxxxxx Xx. 0, Xxxxx Xxxxxxx, Xxxxxxx Xxxx, Xxxxxxxxx Xxxxxx, Xxxxxx Xxxxxxxx
Party B: Guangzhou Youxin Technology Co., Ltd.
Address: Room 000-000, Xx.00, Xxx’xx Xxxx, Xxxxxx Xxxxxxxx, Xxxxxxxxx
This agreement is made by Party A and Party B on the equity transfer of Guangxi Yousen Network Technology Co., Ltd. Signed in the conference room of Beihai Company on June 30,2020.
Based on the principle of equality and mutual benefit, Party A and Party B reach the following agreement through friendly negotiation:
Article 1 Equity Transfer
Party A agrees to transfer the 20% of the equity of Guangxi Yousen Network Technology Co., Ltd. with a total investment of 400,000 yuan to Party B, and Party B agrees to transfer the above equity.
Article 2 Guarantee
2.1 Party A guarantees that the equity transferred to Party B is the true capital contribution of Party A in Guangxi Yousen Network Technology Co., Ltd., and is the equity legally owned by Party A. Party A has the full right to dispose of it. Party A guarantees that it has not set up any mortgage, pledge or guarantee for the transferred equity and is protected from any third party. Otherwise, all party A shall bear the responsibilities arising therefrom.
2.2 After party A’s transfer of its equity, its original rights and obligations in Guangxi Yousen Network Technology Co., Ltd. shall be transferred to Party B along with the transfer of the equity.
2.3 Party B acknowledges the articles of association of Guangxi Yousen Network Technology Co., Ltd. and guarantees to perform its obligations and responsibilities in accordance with the articles of Association.
Article 3 Sharing of Profits and Losses
After the consent of the company by the registration authority and the registration of shareholder change, Party B shall become the shareholder of Guangxi Yousen Network Technology Co., Ltd., and share the profits and losses of the company according to the proportion of capital contribution and the articles of association.
Article 4 Settlement of Disputes
4.1 Disputes related to the validity, performance, breach and termination of this Agreement shall be settled by the parties through friendly negotiation.
4.2 If no agreement can be reached through negotiation, either party may apply for arbitration or bring a suit in a people’s court.
Article 5 Conditions and Dates for the Effectiveness of the Agreement
This agreement shall come into force upon being signed by all parties.
Article 6 This agreement is made in quadruplicate, with each party holding one copy, one copy submitted to the registration authority and the company holding one copy, all of which shall have the same legal effect.
(Below is a signature page, without any main text)
This agreement is made on the day of _June 30, 2020_in the conference room of Beihai Company, by and between the following parties.
| Party A: (Seal) | Party B: (Seal) |
Party A: Xxx Xxxxxx
Party B: Guangzhou Youxin Technology Co., Ltd.
Date of Signature: June 30, 2020
Party A: Xxx Xxxxxx
Address: Room 000, Xxxx 0, Xxxxxxxx 00, Xxxx Xxxxxxxx, Xx. 00 Xxxxx Xxxx, Xxxxxx Xxxxxxxx, Xxxxxx Xxxx
Party B: Guangzhou Youxin Technology Co., Ltd.
Address: Room 000-000, Xx.00, Xxx’xx Xxxx, Xxxxxx Xxxxxxxx, Xxxxxxxxx
This agreement is made by Party A and Party B on the equity transfer of Guangxi Yousen Network Technology Co., Ltd. Signed in the conference room of Beihai Company on June 30,2020.
Based on the principle of equality and mutual benefit, Party A and Party B reach the following agreement through friendly negotiation:
Article 1 Equity Transfer
Party A agrees to transfer the 20% of the equity of Guangxi Yousen Network Technology Co., Ltd. with a total investment of 400,000 yuan to Party B, and Party B agrees to transfer the above equity.
Article 2 Guarantee
2.1 Party A guarantees that the equity transferred to Party B is the true capital contribution of Party A in Guangxi Yousen Network Technology Co., Ltd., and is the equity legally owned by Party A. Party A has the full right to dispose of it. Party A guarantees that it has not set up any mortgage, pledge or guarantee for the transferred equity and is protected from any third party. Otherwise, all party A shall bear the responsibilities arising therefrom.
2.2 After party A’s transfer of its equity, its original rights and obligations in Guangxi Yousen Network Technology Co., Ltd. shall be transferred to Party B along with the transfer of the equity.
2.3 Party B acknowledges the articles of association of Guangxi Yousen Network Technology Co., Ltd. and guarantees to perform its obligations and responsibilities in accordance with the articles of Association.
Article 3 Sharing of Profits and Losses
After the consent of the company by the registration authority and the registration of shareholder change, Party B shall become the shareholder of Guangxi Yousen Network Technology Co., Ltd., and share the profits and losses of the company according to the proportion of capital contribution and the articles of association.
Article 4 Settlement of Disputes
4.1 Disputes related to the validity, performance, breach and termination of this Agreement shall be settled by the parties through friendly negotiation.
4.2 If no agreement can be reached through negotiation, either party may apply for arbitration or bring a suit in a people’s court.
Article 5 Conditions and Dates for the Effectiveness of the Agreement
This agreement shall come into force upon being signed by all parties.
Article 6 This agreement is made in quadruplicate, with each party holding one copy, one copy submitted to the registration authority and the company holding one copy, all of which shall have the same legal effect.
(Below is a signature page, without any main text)
This agreement is made on the day of _June 30, 2020_in the conference room of Beihai Company, by and between the following parties.
| Party A: (Seal) | Party B: (Seal) |
Party A: Xxx Xxxxxxxxx
Party B: Guangzhou Youxin Technology Co., Ltd.
Date of Signature: June 30, 2020
Party A: Xxx Xxxxxxxxx
Address: Room 000, Xx. 0, Xxxxx Xxxx 0xx Xxxxxx, Xxxx Xxx Xxxxxxx, Xxxxxxxx Xxxx, Xxxxx Xxxxxxxx, Xxxxxxxxx
Party B: Guangzhou Youxin Technology Co., Ltd.
Address: Room 000-000, Xx.00, Xxx’xx Xxxx, Xxxxxx Xxxxxxxx, Xxxxxxxxx
This agreement is made by Party A and Party B on the equity transfer of Guangxi Yousen Network Technology Co., Ltd. Signed in the conference room of Beihai Company on June 30,2020.
Based on the principle of equality and mutual benefit, Party A and Party B reach the following agreement through friendly negotiation:
Article 1 Equity Transfer
Party A agrees to transfer the 60% of the equity of Guangxi Yousen Network Technology Co., Ltd. with a total investment of 1,200,000 yuan to Party B, and Party B agrees to transfer the above equity.
Article 2 Guarantee
2.1 Party A guarantees that the equity transferred to Party B is the true capital contribution of Party A in Guangxi Yousen Network Technology Co., Ltd., and is the equity legally owned by Party A. Party A has the full right to dispose of it. Party A guarantees that it has not set up any mortgage, pledge or guarantee for the transferred equity and is protected from any third party. Otherwise, all party A shall bear the responsibilities arising therefrom.
2.2 After party A’s transfer of its equity, its original rights and obligations in Guangxi Yousen Network Technology Co., Ltd. shall be transferred to Party B along with the transfer of the equity.
2.3 Party B acknowledges the articles of association of Guangxi Yousen Network Technology Co., Ltd. and guarantees to perform its obligations and responsibilities in accordance with the articles of Association.
Article 3 Sharing of Profits and Losses
After the consent of the company by the registration authority and the registration of shareholder change, Party B shall become the shareholder of Guangxi Yousen Network Technology Co., Ltd., and share the profits and losses of the company according to the proportion of capital contribution and the articles of association.
Article 4 Settlement of Disputes
4.1 Disputes related to the validity, performance, breach and termination of this Agreement shall be settled by the parties through friendly negotiation.
4.2 If no agreement can be reached through negotiation, either party may apply for arbitration or bring a suit in a people’s court.
Article 5 Conditions and Dates for the Effectiveness of the Agreement
This agreement shall come into force upon being signed by all parties.
Article 6 This agreement is made in quadruplicate, with each party holding one copy, one copy submitted to the registration authority and the company holding one copy, all of which shall have the same legal effect.
(Below is a signature page, without any main text)
This agreement is made on the day of _June 30, 2020_in the conference room of Beihai Company, by and between the following parties.
| Party A: (Seal) | Party B: (Seal) |
