EQUITY TRANSFER AGREEMENT OF TAIAN SENLIN PHARMACEUTICAL CO., LTD.
EQUITY TRANSFER AGREEMENT OF TAIAN SENLIN PHARMACEUTICAL CO., LTD.
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Party A (Transferor):
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Kong Lingjin
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Party B (Transferee):
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Shandong Global Pharm Co., Ltd.
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In accordance with the regulations of the Company Law of the People’s Republic of China, Party A and Party B hereto have entered into the agreement (the “Agreement”) on equity transfer agreed by all the shareholders based on the principle of equality and rationality.
Clause 1:
Party A (Kong Lingjin) holds the equity interest of Taian Senlin Pharmaceutical Co., Ltd. of RMB 1.2 million, which is hereto transferred to Party B (Shandong Global Pharm Co., Ltd.). Other shareholders agree to waive the preemptive rights.
Clause 2:
After Party A transfers the equity to Party B legally, the shareholders shall assume the rights and obligations of the Company by the respective contribution pro rata. Party B shall abide by and execute the Articles of Association of the Company.
Clause 3:
The Agreement is executed in three counterparts with each party to execute one counterpart; one counterpart shall be submitted to the Registration Organization.
Clause 4:
This Agreement shall be effective upon signature by all parties hereto and registration in the Administration Organization for Industry and Commerce.
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Party A
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Kong Lingjin
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)
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Party B
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Shandong Global Pharm
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)
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Co., Ltd.
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)
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Xxxxx Xxx
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Representative
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Signing date: May 25, 2011
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