Share Transfer AgreementShare Transfer Agreement • December 6th, 2017 • Imperial Garden & Resort, Inc. • Services-miscellaneous amusement & recreation
Since 2004, Party A had served as the legal representative of Jiangbo Advanced Technology Co., Ltd.(“Jiangbo”) . In 2009, the Board of Directors of Jiangbo (the “Board”) passed resolutions pursuant to which Jiangbo invested in Daren Enterprise Management Consulting Co., Ltd.(“Daren”). In accordance with Section 3 Paragraph 4 of the minutes of the special Board meeting relating to such investment, Mr. Wei-Yuan Teng made a personal guarantee that he would pay back the shareholders of Jiangbo respecting any loss relating to Jiangbo’s investment in Daren. Mr. Teng promised to be personally responsible for any Jiangbo’s losses caused by such investment in Daren. Till now after approximately eight years, the investment in Daren has made no return to Jiangbo. Mr. Teng decides to pay back the losses of the investment in Daren.
