NONCOMPETITION COVENANT AND AGREEMENTNoncompetition Covenant and Agreement • October 4th, 2006 • Harbin Electric, Inc • Motors & generators • Hong Kong
THIS NONCOMPETITION COVENANT AND AGREEMENT (the “Agreement”) is made and entered into as of this 30th day of August, 2006, by and between Citadel Equity Fund Ltd., with addresses at c/o Citadel Investment Group (Hong Kong) Limited, Chater House, 18th Floor, 8 Connaught Road, Central, Hong Kong, and Merrill Lynch International, with addresses at 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong (collectively, the “Purchasers”), and Yang Tianfu, an individual residing in the People’s Republic of China (“PRC”), (PRC ID No. 230107610622081) (“Executive”).
AgreementHarbin Electric, Inc • October 4th, 2006 • Motors & generators
Based on the relevant regulations of the People’s Republic of China and the Shanghai Municipality, and pursuant to friendly consultations, both parties A and B hereby enter into this contract in regards to Party B’s appointment of Party A as its agent to handle the matters relating to procedures for the transfer of land-use rights for the approximately 40,800 square meters of State-owned land at the Shanghai Zhuqiao Airport Industrial Zone (hereinafter referred to as “the Lease”), the evacuation work to be carried out at the aforesaid land parcel, and the provision and construction of municipal administration infrastructure facilities.
