The Acquisition and Capital Increase Agreement By and Between L&L International Holdings, Inc. and Luxi County Hon Shen Coal Co. Ltd.Acquisition and Capital Increase Agreement • October 29th, 2009 • L & L International Holdings, Inc • Finance services
This Acquisition and Capital Increase Agreement (“Agreement”) is entered into by and between U.S. company, L&L International Holdings, Inc. (Party A), and Fuchang Wang (Party B), a shareholder of Luxi County Hon Shen Coal Co. Ltd. ( “Company”). The Company is composed of two operations: 1) Coal washing facilities (in July 2009, production expanded to 300 thousand tons per year, of which Party A has previously acquired a 65% equity stake); and 2) Coking facilities (with current production capacity of 150 thousand tons, approximately RMB 150 million). Party B guarantees documentation of the two operations is complete. In accordance with the terms of “Contract Regarding Capital Increase and Cooperation between L&L International Holdings, Inc. and Luxi County Hon Shen Coal Co.,” Contract Number 20090718002), Party B will use the capital defined under this Agreement herein to increase the registered capital of Luxi County Hon Shen Coal Co, Ltd., both Parties agree to the following:
