Supplemental Agreement to Equity Replacement among Shandong Xinfa Fishing Group, Wang Hongli, Wang Mingli, and Dalian Xingyuan Marine Fuel
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Summary
This supplemental agreement involves Shandong Xinfa Fishing Group Co., Ltd., Wang Hongli, Wang Mingli, and Dalian Xingyuan Marine Fuel Co., Ltd. It confirms two changes to a previous equity replacement agreement: the signing date is corrected from December 25, 2009, to December 25, 2008, and a provision requiring Party D to become listed overseas or pay compensation is no longer valid. All four parties agree to these changes, which are now binding.
EX-10.19 14 v168367_ex10-19.htm Unassociated Document
Exhibit 10.19
Supplemental Agreement
The items to be confirmed in the original version of Equity Replacement signed by all the four parties are as follows:
| 1. | The signing date of the original agreement December 25, 2009 should be changed to December 25, 2008. |
| 2. | In the Item 2.2 “party D promises that party B’s 1.2375 million shares and party C’s 1.2375 million shares are the shares of the listed company and party D should become listed on overseas stock market within two years after this agreement is signed. If not, party D should pay back all the shares it accepted and provide a compensation in accordance with the sale of Xinfa company’s oil product, 100 yuan RMB per ton, within two years to party A, party B and party C. This compensation should be distributed according to the proportion of shares that each party has transferred.” The above content of Item 2.2 shall not be in force. |
The above information has been confirmed by all the four parties, which should be subject to this confirmation.
Party A: Shandong Xinfa Fishing Group Co., Ltd.
Legal Representative: Wang Xiaojun
Party B: Wang Hongli
Party C: Wang Mingli
Party D: Dalian Xingyuan Marine Fuel Co., Ltd.
Legal Representative: An Fengbin
