MANAGEMENT FEE PAYMENT AGREEMENT
Exhibit 10.8
MANAGEMENT FEE PAYMENT AGREEMENT
This Management Fee Payment Agreement (the “Agreement”) is entered into effective as of November 28, 2008 between the following parties in Beijing, People’s Republic of China (the “PRC”).
| Party A: | (1) XXXXX Xxx, a citizen of the PRC | |
| ID No. 230603197109030024 | ||
| Address: Room 502, Xxxx 0, Xx. 0-00, Xxxxxxx Xxxxxx, Xxxxxxxx District, Daqing City, Heilongjiang Province, PRC. | ||
| (2) DONG Pengyu, a citizen of the PRC. | ||
| ID No. 320103196805232017 | ||
| Address: Xxxx 000, Xxxx 0, Xx. 00, Xxxx Xxxxxx Avenue, Xuanwu District, Beijing, PRC. | ||
| (3) XXXX Xxxxxx, a citizen of the PRC. | ||
| ID No. 110105195401292127 | ||
| Address: Xxxx 0, Xxxx 0, Xxxxxxxx 00, Xxxxx 00, Xxxxxx Xxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (4) SU Guiying, a citizen of the PRC. | ||
| ID No. 110108195012175487 | ||
| Address: Xxxx 000, Xxxxxxxx 00, Xx. 00, Xxxxxxxxxxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (5) MA Jifeng, a citizen of the PRC. | ||
| ID No. 110102195205242334 | ||
| Address: Room 601, Xxxx 0, Xxxxxxxx 0, Xx. 0, Xxxxxxx Xxxx 0, Xxxxxxx Xxxxxxxx, Xxxxxxx, PRC. | ||
| (6) XU Peiliang, a citizen of the PRC. | ||
| ID No. 110108193602171815 | ||
| Address: Xxxx 000, Xxxxxxxxx 000, Xxxxxxxxxx, Xxxxxxx Unversity, Haidian District, Beijing, PRC. | ||
| (7) XXXX Xxxxxx, a citizen of the PRC. | ||
| ID No. 110108196109116031 | ||
| Address: Room 603, Xxxx 0, Xxxxxxxx 00, Xxxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (8) XXXX Xxxxxxx, a citizen of the PRC. | ||
| ID No. 110106196807243350 | ||
| Address: Xx. 00, Xxxxxxxxxx Xxxxxx, Xxxxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (9) GUO Song, a citizen of the PRC. | ||
| ID No. 110224197009160510 | ||
| Address: Room 302, Xxxx 0, Xxxxxxxx 0, Xxxxxxx Xxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (10) XXXX Xx, a citizen of the PRC. | ||
| ID No. 11010619701128301X | ||
| Address: Xxxx 00, Xxxxxxxx 00, Xxxxxxxxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (11) ZHUANG Yongzhen, a citizen of the PRC. | ||
| ID No. 110104195301022510 | ||
| Address: Xxxx 000, Xxxxxxxx 0, Xxxxx’anxi Road, Chaoyang District, Beijing, PRC. | ||
| (12) XXXX Xxxxx, a citizen of the PRC. | ||
| ID No. 36040219720421291X | ||
| Address: Xxxx 000, Xxxx 00, Xxxxxxxx 0, Xxxxxxxxxxxxxxxx Xxxx 1, Xx. 00, Xxxxxxx Xxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (13) HU Guizhou, a citizen of the PRC. | ||
| ID No. 340803196507092679 | ||
| Address: Xxxx.00, Xxxxxxxx 00, Xxxxxx Xxxxxxx 0, Xxxxxx Xxxxxxxx, Anqing City, Anhui Province, PRC. | ||
| (14) WANG Jianqiu, a citizen of the PRC. | ||
| ID No. 110105196409200818 | ||
| Address: Room 701, Xxxx Xx. 00, Xxxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (15) XXXXX Xxxx, a citizen of the PRC. | ||
| ID No. 110101196710092021 | ||
| Address: Room 102, Xxxx 0, Xxxxxxxx 00, Xxxxx 0, Xxxxxxxx, Xxxxxxxx District, Beijing, PRC. | ||
| (16) XXX Xxx, a citizen of the PRC. | ||
| ID No. 51112519640703401X | ||
| Address: Room 2605, Xxxxxxxx 00, Xx. 000, Xxxxxxx Xxxx, Xxxxxxxx District, Beijing, PRC. | ||
| (17) DENG Dunxia, a citizen of the PRC. | ||
| ID No. 370503195903270013 | ||
| Address: Xxxx 000, Xxxxxxxx 00, Xx. 00, Xxxxxxxxxxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (18) XXX Xxxx, a citizen of the PRC. | ||
| ID No. 37070219701216136X | ||
| Address: Xxxx 0000, Xxxxx X, Xxxxxxxxxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | ||
| (The eighteen persons aforementioned are collectively referred to herein as “Party A”) | ||
| Party B: | Tri-Tech (Beijing) Co., Ltd., a wholly foreign-owned enterprise duly established and valid existing under the laws of the PRC. Registered Address: Room 1102 Beiguang Plaza, Xx. 00 Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, XXX. Business Address: Xxxx 0X, Xxxxxxx X Xxxxxxxx 0 of Jinyuanshidai Business Center, Xx. 0 Xxxx Xxxxxxxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx, XXX. | |
| Party C: | Beijing Yanyu Water Tech Co., Ltd., a limited liability company duly established and valid existing under the laws of the PRC. Registered Address: Xxxx 000, 0xx Xxxxx, Xxxxx Xxxxxxxx, Xx. X0 Cuiwei Road, Wanshou Road Street, Haidian District, Beijing, PRC. | |
WHEREAS, Party A is the current legal shareholder of Party C and holds a 92.86% interest in Party C;
WHEREAS, Party A, Party B and Party C, have entered into a Proxy Agreement, Exclusive Equity Interest Purchase Agreement (the “Purchase Agreement”) and other agreements.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:
| 1. | Party A hereby agrees to make the payment stipulated in Article 2 hereunder to Party B, at the time stipulated in Article 3 hereunder, as a fee for serving as a proxy and providing company management (the “Management Fee”). |
| 2. | The amount of the Management Fee under Article 1 hereof shall be the same as the amount Party A receives as the Transfer Fee from Party B pursuant to the Purchase Agreement. |
| 3. | Payment of the Management Fee under Article 1 hereof shall coincide with payment of the Transfer Fee under the Purchase Agreement. |
| 4. | This Agreement has been duly executed by each of the Parties and/or their authorized representatives and shall take effect as of the date first set forth above. |
| 5. | This Agreement shall expire on the date that is twenty-five (25) years following the date hereof. This Agreement may be extended prior to termination upon the written agreement of each Party. |
| 6. | Any amendment supplement or rescission of this Agreement shall be effective if made in writing and executed by all of the Parties hereto. |
[Remainder of Page Left Intentionally Blank – Signature Page Follows]
[Management Fee Agreement – BYY – Signature Page]
IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first above written.
| Party A: |
| /s/ ZHANG Xxx |
| XXXXX Shu |
| /s/ DONG Pengyu |
| DONG Pengyu |
| /s/ XXXX Xxxxxx |
| XXXX Xxxxxx |
| /s/ SU Xxxxxxx |
| XX Guiying |
| /s/ MA Jifeng |
| MA Jifeng |
| /s/ XU Xxxxxxxx |
| XX Peiliang |
| /s/ XXXX Xxxxxx |
| XXXX Xxxxxx |
| /s/ XXXX Xxxxxxx |
| XXXX Xxxxxxx |
| /s/ GUO Xxxx |
| XXX Song |
| /s/ XXXX Xx |
| XXXX Xx |
| /s/ ZHUANG Xxxxxxxx |
| XXXXXX Yongzhen |
| /s/ XXXX Xxxxx |
| XXXX Xxxxx |
| /s/ HU Guizhou |
| HU Guizhou |
| /s/ WANG Xxxxxxx |
| XXXX Jianqiu |
| /s/ XXXXX Xxxx | ||
| XXXXX Qian | ||
| /s/ XXX Xxx | ||
| XXX Xxx | ||
| /s/ DENG Dunxia | ||
| DENG Dunxia | ||
| /s/ XXX Xxxx | ||
| XXX Xxxx | ||
| Party B: Tri-Tech (Beijing) Co., Ltd. (seal) | ||
| By: | /s/ XXXX Xxxxxxx | |
| Name: Its: | XXXX Xxxxxxx President | |
| Party C: Beijing Yanyu Water Tech Co. Ltd. (seal) | ||
| By: | /s/ HU Guizhou | |
| Name: Its: | HU Guizhou Authorized Representative | |
