Equity Transfer Agreement
第 1 x x 0 x
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Transfer Agreement
The
Agreement is jointly signed on April 2, 2010 in Shanghai by the Parties
hereunder:
Transferor:
Goldenway Nanjing Garments Co., Ltd. (Party A)
Address:
509 Chengxin Thoroughfare, Jiangning Development Zone, Nanjing
Transferee:
Shanghai Hexia Investment Co., Ltd. (Party B)
Address:
Xxxx 000, Xxxxxxxx 0, Xx.00, Xxxx 258, Caoxi Road, Shanghai
Shanghai
La Chapelle Garment and Accessories Company Limited (Subject Company) has 7.5
million of RMB Yuan as registered capital, 10% of the total registered capital
were invested by Party A. In the light of governing laws and regulations,
through friendly negotiations by the Parties, the following articles are agreed
upon:
Article
I The Equity Transferred and Transferring Price
1. Party
A transfers 5% of Subject Company’s total equity to Party B at the price of 6.18
million of RMB Yuan.
2. All
and any rights and interests affiliated to the transferred are transferred along
with it.
3. The
Transferee is obliged to complete the payment for the transferred equity within
30 days after the signing of this Agreement.
Article
II Covenants and Warranties
Party A
warrants that Party A legally owns the equity transferred to Party B as
stipulated in Article I, and Party A has a full and effective disposition of the
transferred. Party A warrants no mortgate or security right is attached to the
transferred, and no claim is and will be made by any third party on the
transferred.
Article
III Agreement Breach Liabilities
Nil
Article
IV Dispute Resolution
The
Agreement abides by the laws of People’s Republic of China and only explanations
by which are applicable.
Any
dispute arisen with or related to the Agreement shall be resolved through
friendly negotiations. In the case of a failed negotiation, the issue shall be
submitted to Shanghai Arbitration Commission or sued at The People’s
Court.
Article
V Others
1. The
Agreement is made in 4 duplicates, 1 is held by each Party, 1 by the Subject
Company, and 1 is used in the Business Administration formalities.
2. The
Agreement takes effect upon being signed by each and all Parties.
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below)
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| Party A (Signature & Stamp) | Party B (Signature & Stamp) |
