SUBSCRIPTION AND SHAREHOLDER AGREEMENT FOR “NEW CO” (A CAYMAN ISLANDS LIMITED LIABILITY COMPANY TO BE FORMED, ACTUAL NAME TO BE AGREED) BETWEEN SHENZHEN VN TECHNOLOGIES CO., LTD. AND CHINA TEL GROUP, INC.Subscription and Shareholder Agreement • April 6th, 2011 • China Tel Group Inc • Radiotelephone communications • Hong Kong
This Subscription and Shareholder Agreement (“Agreement”), dated for reference purposes as of April 1, 2010 is entered into between Shenzhen VN Technologies Co., Ltd. (“VN Tech”), and China Tel Group, Inc. (“ChinaTel”). In this Agreement, VN Tech and ChinaTel are each referred to as a “Party” and together as the “Parties.” “WFOE” (as such term is defined herein), shall become a Party to this Agreement (and be deemed as one of the Parties for all purposes hereunder) by executing and delivering a counterpart signature page hereto. This Agreement shall be effective as to all Parties except for WFOE as of the date hereof, and effective as to WFOE as of the date of its respective execution and delivery of its signature page.
