Equity Transfer Agreement
EXHIBIT 10.2
Jiangxi
Yingtan Huaxin Livestock Co., Ltd
| Transferor: | Xu Dengfu (hereinafter referred to as “Party A”) |
| ID No.: 000000000000000000 |
Transferee:
Beijing Huaxin Tianying Livestock Technology Co., Ltd (hereinafter referred to
as “Party
B”)
This
agreement is made and entered into as of January 13, 2010 by both parties in
respect of the Equity Transfer of Jiangxi Yingtan Huaxin Livestock Co., Ltd
(hereinafter referred to as “Yingtan Huaxin”).
Now,
THEREFORE, both parties, basing on the principles of equality and mutual
benefits, through friendly negotiations, hereby agree as follows:
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1.
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Equity
Transfer
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Party A
agrees to transfer to Party B the 1% equity of Yingtan Huaxin (hereinafter
referred to as “Transferring
Equity” it holds.
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2.
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Warranty
|
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2.1.
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Party
A warrants that the Transferring Equity it desires to transfer to Party B
is its true capital contribution in Yingtan Huaxin, furthermore, Party A
lawfully holds the Transferring Equity and has the full right of
disposition. Party A warrants that the Transferring Equity is
free and clear of any mortgage, pledge, guarantee and claims of any third
party. Otherwise Party A shall be responsible for all relevant
liabilities.
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2.2.
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After
transferring to Party B the Transferring Equity, the relevant rights and
obligations of Party A in Yingtan Huaxin shall be transferred to and borne
by Party B.
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3.
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Amendment
and Rescission
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Parties
may amend or rescind this Agreement in writing under any of the
following:
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a)
|
This
Agreement becomes unenforceable due to force majeure or the external
reasons which no party has negligence but
unavoidable.
|
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b)
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A
party has forfeited the ability of performing this
agreement.
|
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c)
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Breach
of this agreement by a party or parties seriously damages the benefits of
Non-defaulting Party and makes the performance of this Agreement become
unnecessary.
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d)
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Both
Parties agree to amend or rescind this agreement through negotiation under
the change of actual circumstances.
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4.
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Dispute
Resolution
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4.1.
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Any
dispute in connection with the effectiveness, performance, default and
rescission shall be settled by both parties through friendly
negotiation.
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4.2.
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In
the event that parties fail to negotiate, any party may submit the dispute
to the People’s Court.
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5.
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Condition
and Dateof Effectiveness
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This
Agreement shall come into force after executed by both parties.
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6.
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This
Agreement is made in a set of 4 copies, each party shall hold one copy,
Yingtan Huaxin shall hold one copy, and one copy shall be filed to
Administration of Industry and
Commerce.
|
EXECUTION
PAGE
Transferor:
Xu Dengfu
(Signature)/s/ Xu
Dengfu
Transferee:
Beijing Huaxin Tianying Livestock Technology Co., Ltd.
(Signature) Beijing Huaxin Tianying
Livestock Technology Co., Ltd.
January
13, 2010
