Equity Transfer Agreement of Shandong Borun Industrial Limited
Exhibit 2.4
of Shandong Borun Industrial Limited
Name of Transferor: He Xiuni
Name of Transferee: Weifang Great Chemical Inc.
Executed at: 3rd Floor Meeting Room of Shandong Borun Industrial Limited
Executed on: November 30, 2008
In accordance with the relevant stipulations of the Contract Law of the People’s Republic of China and Company Law of the People’s Republic of China, and the resolutions adopted at the meeting of the Board of Shareholders of Shandong Borun Industrial Limited convened on November 30, 2008, on the basis of equality, voluntariness and mutual consultation, the Transferor and Transferee hereby enter into these agreements as follows in respect of the equity transfer:
1. Share and Price of the Transferred Equity:
The Transferor hereby transfers to the Transferee his equity in Shandong Borun Industrial Limited in an amount equal to RMB4,370,000, accounting for 5.71% of the registered capital, at a transfer price of RMB4,370,000.
2. Date and Method of Equity Transfer Closing
The transfer price shall be paid in cash before November 30, 2008.
3. Rights and Obligations of the Transferee under the Articles of Association of the Company
The rights and obligations of the Transferor to Shandong Borun Industrial Limited in respect of this transfer shall all be assumed by the Transferee.
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Transferor: |
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Transferee |
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By: |
/s/ Xxxx Xxxx |
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By: |
Weifang Great Chemical Inc. (sealed) |
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/s/ Authorized Person |
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of Shandong Borun Industrial Limited
Name of Transferor: He Xiuni
Name of Transferee: Weifang Great Chemical Inc.
Executed at: 3rd Floor Meeting Room of Shandong Borun Industrial Limited
Executed on: November 30, 2008
In accordance with the relevant stipulations of the Contract Law of the People’s Republic of China and Company Law of the People’s Republic of China, and the resolutions adopted at the meeting of the Board of Shareholders of Shandong Borun Industrial Limited convened on November 30, 2008, on the basis of equality, voluntariness and mutual consultation, the Transferor and Transferee hereby enter into these agreements as follows in respect of the equity transfer:
4. Share and Price of the Transferred Equity:
The Transferor hereby transfers to the Transferee his equity in Shandong Borun Industrial Limited in an amount equal to RMB10,930,000, accounting for 14.29% of the registered capital, at a transfer price of RMB10,930,000.
5. Date and Method of Equity Transfer Closing
The transfer price shall be paid in cash before November 30, 2008.
6. Rights and Obligations of the Transferee under the Articles of Association of the Company
The rights and obligations of the Transferor to Shandong Borun Industrial Limited in respect of this transfer shall all be assumed by the Transferee.
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Transferor: |
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Transferee |
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By: |
/s/ He Xiuni |
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By: |
Weifang Great Chemical Inc. (sealed) |
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/s/ Authorized Person |
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of Shandong Borun Industrial Limited
Name of Transferor: Wang Jinmiao
Name of Transferee: Weifang Great Chemical Inc.
Executed at: 3rd Floor Meeting Room of Shandong Borun Industrial Limited
Executed on: November 30, 2008
In accordance with the relevant stipulations of the Contract Law of the People’s Republic of China and Company Law of the People’s Republic of China, and the resolutions adopted at the meeting of the Board of Shareholders of Shandong Borun Industrial Limited convened on November 30, 2008, on the basis of equality, voluntariness and mutual consultation, the Transferor and Transferee hereby enter into these agreements as follows in respect of the equity transfer:
7. Share and Price of the Transferred Equity:
The Transferor hereby transfers to the Transferee his equity in Shandong Borun Industrial Limited in an amount equal to RMB56,140,000, accounting for 73.38% of the registered capital, at a transfer price of RMB56,140,000.
8. Date and Method of Equity Transfer Closing
The transfer price shall be paid in cash before November 30, 2008.
9. Rights and Obligations of the Transferee under the Articles of Association of the Company
The rights and obligations of the Transferor to Shandong Borun Industrial Limited in respect of this transfer shall all be assumed by the Transferee.
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Transferor: |
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Transferee |
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By: |
/s/ Wang Jinmiao |
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By: |
Weifang Great Chemical Inc. (sealed) |
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/s/ Authorized Person |
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of Shandong Borun Industrial Limited
Name of Transferor: Xxxx Xxxxx
Name of Transferee: Weifang Great Chemical Inc.
Executed at: 3rd Floor Meeting Room of Shandong Borun Industrial Limited
Executed on: November 30, 2008
In accordance with the relevant stipulations of the Contract Law of the People’s Republic of China and Company Law of the People’s Republic of China, and the resolutions adopted at the meeting of the Board of Shareholders of Shandong Borun Industrial Limited convened on November 30, 2008, on the basis of equality, voluntariness and mutual consultation, the Transferor and Transferee hereby enter into these agreements as follows in respect of the equity transfer:
10. Share and Price of the Transferred Equity:
The Transferor hereby transfers to the Transferee his equity in Shandong Borun Industrial Limited in an amount equal to RMB2,530,000, accounting for 3.31% of the registered capital, at a transfer price of RMB2,530,000.
11. Date and Method of Equity Transfer Closing
The transfer price shall be paid in cash before November 30, 2008.
12. Rights and Obligations of the Transferee under the Articles of Association of the Company
The rights and obligations of the Transferor to Shandong Borun Industrial Limited in respect of this transfer shall all be assumed by the Transferee.
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Transferor: |
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Transferee |
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By: |
/s/ Xxxx Xxxxx |
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By: |
Weifang Great Chemical Inc. (sealed) |
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/s/ Authorized Person |
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of Shandong Borun Industrial Limited
Name of Transferor: Wang Peiren
Name of Transferee: Weifang Great Chemical Inc.
Executed at: 3rd Floor Meeting Room of Shandong Borun Industrial Limited
Executed on: November 30, 2008
In accordance with the relevant stipulations of the Contract Law of the People’s Republic of China and Company Law of the People’s Republic of China, and the resolutions adopted at the meeting of the Board of Shareholders of Shandong Borun Industrial Limited convened on November 30, 2008, on the basis of equality, voluntariness and mutual consultation, the Transferor and Transferee hereby enter into these agreements as follows in respect of the equity transfer:
13. Share and Price of the Transferred Equity:
The Transferor hereby transfers to the Transferee his equity in Shandong Borun Industrial Limited in an amount equal to RMB2,530,000, accounting for 3.31% of the registered capital, at a transfer price of RMB2,530,000.
14. Date and Method of Equity Transfer Closing
The transfer price shall be paid in cash before November 30, 2008.
15. Rights and Obligations of the Transferee under the Articles of Association of the Company
The rights and obligations of the Transferor to Shandong Borun Industrial Limited in respect of this transfer shall all be assumed by the Transferee.
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Transferor: |
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Transferee |
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By: |
/s/ Wang Peiren |
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By: |
Weifang Great Chemical Inc. (sealed) |
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/s/ Authorized Person |
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