Equity Transfer AgreementEquity Transfer Agreement • November 13th, 2015 • Aoxin Tianli Group, Inc. • Agricultural prod-livestock & animal specialties
NOW, THEREFORE, in consideration of the foregoing premises and the friendly negotiations among Party A, B and C, the following equity transfer agreement is entered in accordance with the principle of equality and mutual benefit.
Letter of AgreementLetter of Agreement • November 13th, 2015 • Aoxin Tianli Group, Inc. • Agricultural prod-livestock & animal specialties
WHEREAS, Party A holds 88% equity interest in Party C; Party B is an investment company established by the management group of Party C and holds 1,047,000 common shares of Party A after Party A acquired Party C in July, 2014. The 1,047,000 shares were deposited into escrow (the “Earn-out Shares”) to be held for disbursement to Party B upon Party C achieving certain Target Net Income in each of the fiscal years ending December 31, 2014, 2015 and 2016.
