Letter of AgreementLetter of Agreement • December 30th, 2015 • Aoxin Tianli Group, Inc. • Agricultural prod-livestock & animal specialties
WHEREAS, Party A holds 95% equity interest in Party C; Party B is the original shareholder and management of Party C and holds 403,000 common shares of Party A after Party A acquired Party C in August, 2014. The 403,000 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.
Agreement for Terminating the Equity Transfer AgreementEquity Transfer Agreement • December 30th, 2015 • Aoxin Tianli Group, Inc. • Agricultural prod-livestock & animal specialties
Upon friendly negotiations between Party A and B, the following agreement regarding the equity transfer of Hubei Hang-ao Servo-valve Manufacturing Technology Co., Ltd (“Hang-ao”) is entered in accordance with the principle of equality and mutual benefit.
Equity Transfer AgreementEquity Transfer Agreement • December 30th, 2015 • Aoxin Tianli Group, Inc. • Agricultural prod-livestock & animal specialties
WHEREAS, Party A legally owns 95% equity interest of Party C, and Party A voluntarily wants to transfer 95% equity interest of Party C to Party B; AND
