Re: Equity Share Reversal Agreement Between L&L International Holdings, Inc. & Liuzhou Liuerkong Machinery Co., Ltd.Equity Share Reversal Agreement • March 23rd, 2009 • L & L International Holdings, Inc • Finance services
L&L and LEK started business joint venture in December of 2004. Through amendments, L&L holds 80.4% of LEK equity interest, while Wu Yang, on behalf of LEK, owns 1,708,283 common shares of L&L. Due to Chinese Party’s internal problems, via friendly discussions both parties reached this reversal agreement on January 23, 2009 – agree to reverse the existing equity ownerships so that both parties are no longer own each other’s equity shares, reaching details as follows:
