Termination Agreement regarding the Equity Acquisition Option Agreement
Party A: Detian Yu Biotechnology (Beijing) Co. Limited (德天御生态科技(北京)有限公司)
Domicile: Unit 807, Building A, North Star Century Centre, North Star Road West No. 8 Yuan, Chaoyang District, Beijing (北京市xxxxxxx0xxxxxxxxXx000)
Xxxxx B: Xxxx Xxxx (xx)
ID Card No.: 142401198203010928
Party C: Xxxx Xxxxxx(xxx)
ID Card No.: 42401197408022717
WHEREAS:
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Party A, Party B and Party C have entered into an Equity Acquisition Option Agreement dated November 16, 2010, pursuant to which Party B and Party C granted Party A or any third party designated by Party A an option of acquiring part of or all the equity interests in Jinzhonglongyue Investment Consulting Service Co., Ltd. (晋中龙跃投资咨询服务有限公司) (hereinafter referred to as “Jinzhonglongyue” ) from Party B and/or Party C when permitted by applicable PRC laws and deemed appropriate by Party A.
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2.
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As provided in the Equity Acquisition Option Agreement, at any time during Exercise Period, Party A may in its sole discretion terminate such agreement unconditionally by giving written notice to Party B and/or Party C without liability.
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UPON FRIENDLY NEGOTIATION, NOW IT IS XXXXXX AGREED AS FOLLOWS:
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Terminate the Equity Acquisition Option Agreement entered into by and between Party A, Party B and Party C.
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Termination Agreement regarding the Equity Acquisition Option Agreement (hereinafter referred to as “this Agreement”) shall take effect upon signature (where the parties are natural persons) or seal and signature (where the parties are legal persons) by all parties. The Equity Acquisition Option Agreement shall be terminated as of the effective date of this Agreement and no longer binding upon the parties hereto.
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3.
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This Agreement shall be in triplicate, one for each party and each shall be equally valid.
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(Below is signing page without text)
(Here is signing page1 without text)
Party A:(seal)
By:(sign) /s/ Authorized Person
Signing date:December 20, 2011
Party B:(sign) /s/ Xxxx Xxxx
Signing date:December 20, 2011
Party C:(sign) /s/ Xxxx Xxxxxx
Signing date:December 20, 2011
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