Share Exchange Agreement
Exhibit 10.12
Transferor (Party A): Xxxxxxxx Xxxx
Transferee (Party B): Anyuan Sun
According to the resolution of the directors’ meeting of Wenzhou Xibolun Fluid Equipment Co., Limited on August 10, 2010, Party A and Party B agreed to reach following share exchange agreement on August 10, 2010.
| 1. | Party A transfers 10% of shares in Wenzhou Xibolun Fluid Equipment Co., Limited, Ltd. in value of RMB 100,000 to Party B for the original price. |
| 2. | The consideration of share transfer will be delivered out of book within 30 days after the approval of the industry and commerce bureau. |
| 3. | After the share transfer, Party A will no long possess any right and obligation regarding Wenzhou Xibolun Fluid Equipment Co., Limited which will be possessed by Party B. |
| 4. | If any party violates this agreement, he should undertake following responsibility: the defaulting party shall compensate any direct economic loss incurred by the violation to the non-defaulting party. |
| 5. | Any dispute shall be resolved by the court. |
| 6. | This agreement is effective after both parties sign it. It has 4 originals, with Party A, Party B, the company and the industry and commerce bureau each holding one copy,. |
Party A: /s/ Xxxxxxxx Xxxx
Party B: /s/ Anyuan Sun
2010-8-10
