STOCK TRANSFER AGREEMENTStock Transfer Agreement • March 30th, 2007 • Network Cn Inc • Blank checks • Hong Kong
Purchaser: NCN Management Services Limited, a company incorporated in the British Virgin Islands, the address of which is Suite 2102, Chinachem Century Tower, 178 Gloucester Road, Wanchai, Hong Kong.
AGREEMENT FOR NOMINEE SHAREHOLDING (Translation from Document Originally Executed and Delivered in Mandarin, Chinese)Agreement for Nominee Shareholding • March 30th, 2007 • Network Cn Inc • Blank checks
WHEREAS Party A and Party B have signed an Stock Transfer Agreement on 16th June, 2006 and Party B being the transferee under such agreement is now holding a 55% shareholding in Guangdong Tianma International Travel Service Company Limited (hereinafter called “Corporation” ) and in view of the fact that at present a corporate body incorporated in Hong Kong is not allowed to be registered as a shareholder of a company in Mainland China which is engaged in the outbound travel service business therefore after some negotiation Parties A & B have reached agreement on nominee shareholding as follows:-
LETTER OF GUARANTEE CONCERNING THE OBLIGATION TO COMPENSATENetwork Cn Inc • March 30th, 2007 • Blank checks
WHEREAS Party A and Party B have signed an Agreement for Transfer of Shareholding Rights on 16th June, 2006 in respect of the sale of a 55% shareholding of and in Guangdong Tianma International Travel Service Company Limited (hereinafter referred to as “Corporation”) by Party A to Party B in this Guarantee.
