AgreementAgreement • September 4th, 2018 • Xiangtian (Usa) Air Power Co., Ltd. • Motors & generators
Whereas, Party A, Party B and Party C entered into a share purchase agreement (the “Original Agreement”), pursuant to which, Party A agreed to acquire 100% of the capital stock of Hubei Jinli Hydraulic Co., Ltd (“Hubei Jinli”) from Party B and Party C for 150 million RMB;
Share Purchase AgreementShare Purchase Agreement • September 4th, 2018 • Xiangtian (Usa) Air Power Co., Ltd. • Motors & generators
Party A is a technology company engaged in research and development, production and sales of new energy. Party B and Party C incorporated Hubei Jinli Hydraulic Co., Ltd. in December 2004, which engages in the manufacturing and sales of hydraulic parts, processing and sales of non-ferrous metal, sales of electronic components, and information technology consulting services regarding hydraulic parts. In view of the good business complementation of Hubei Jinli Hydraulic Co., Ltd., and based on needs of market expansion and uplisting work, the parties has reached the following agreement on the purchase of the equity interests (the “shares”) of Hubei Jinli Hydraulic Co., Ltd.in accordance with the provisions of the civil law and relevant laws of China under the principles of equality, mutual benefit and consensus:
Supplemental AgreementSupplemental Agreement • September 4th, 2018 • Xiangtian (Usa) Air Power Co., Ltd. • Motors & generators
Party A entered into a Share Purchase Agreement with Party B and Party C on June 21, 2018 and on the same day a supplemental agreement was signed between the parties. Due to the actual operation needs and after negotiations, the parties decide to amend the Article 3 in the original supplemental agreement as follows:
Supplemental AgreementSupplemental Agreement • September 4th, 2018 • Xiangtian (Usa) Air Power Co., Ltd. • Motors & generators
Party A entered into a Share Purchase Agreement with Party B and Party C on June 21, 2018. Now the three parties have discussed some of the agreed items in further details and after friendly and thorough negotiation, the three parties agreed to sign this supplemental agreement.
