SHARE PURCHASE AGREEMENT by and among: Network CN Inc. a Delaware corporation; CITYHORIZON LIMITED, A Hong Kong company and wholly-owned subsidiary of Network CN Inc.; CityHorizon Limited, a British Virgin Islands company; Hui Zhong Lian He Media...Share Purchase Agreement • January 7th, 2008 • Network Cn Inc • Transportation services • Delaware
This SHARE PURCHASE AGREEMENT (this “Agreement”), dated as of January 1, 2008 (the “Agreement Date”), is by and among NETWORK CN INC., a Delaware corporation (“Network CN”), CITYHORIZON LIMITED, a Hong Kong company and wholly-owned subsidiary of NETWORK CN INC. (“Buyer”), CITYHORIZON LIMITED, a British Virgin Islands company (“CityHorizon BVI”), Liu Man Ling, an individual and sole shareholder of CityHorizon BVI (“Selling Shareholder”), Hui Zhong Lian He Media Technology Co., Ltd. , a PRC company and wholly-owned subsidiary of CityHorizon BVI (“Lianhe”), and Beijing Hui Zhong Bo Na Media Advertising Co., Ltd., a PRC company and wholly-owned subsidiary of CityHorizon BVI (“Bona” and together with CityHorizon BVI and Lianhe, the “Operating Companies”). Network CN, Buyer, Selling Shareholder and the Operating Companies are sometimes referred to collectively as the “Parties” and each individually, as a “Party”. Certain other capitalized terms used in this Agreement are defined in Exhibit A
