The Purchase Agreement
Exhibit 10.1
This Purchase Agreement is entered on June 21, 2007 by and between Xxxx Star International Group, Inc., a Nevada corporation (Xxxx Star Nevada) and Xxxx Star International Holdings Group Ltd., a BVI corporation (Xxxx Star BVI).
Xxxx Star BVI agreed to sale and Xxxx Star Nevada agreed to buy 70% ownership in Dalian Jossstar Footwear Co., Ltd. for 50,000,000 shares of common stock of Xxxx Star Nevada.
This Purchase Agreement is subject to the approval by the board of directors and the shareholders of both Xxxx Star Nevada and Xxxx Star BVI.
Agreement
Xxxx Star Nevada will have a total of 50,000,000 shares of common stock issued and outstanding after the issuance of 50,000,000 shares of common stock to Xxxx Star BVI.
Upon effectiveness of a registration statement to be filed with the SEC, Xxxx Star Nevada shall issue 50,000,000 shares of common stock of Xxxx Star Nevada to the shareholders of Xxxx Star BVI.
Xxxx Star BVI agrees to promptly transfer the 70% ownership in Dalian Jossstar Footwear Co., Ltd. to Xxxx Star Nevada upon receipt of the 50,000,000 shares of common stock of Xxxx Star Nevada.
Xxxx Star International Group, Inc.
Xxxx Star International Holdings Group Ltd.
Ying Xxxx Xxxxx
Xxxx Xxxx Xxxxx
Chief Executive Officer
Chief Executive Officer