Supplemental Agreement to Equity Replacement Among Shandong Xinfa Fishing Group, Wang Hongli, Wang Mingli, and Dalian Xingyuan Marine Fuel

Contract Categories: Business Finance › Modification Agreements
Summary

This supplemental agreement, signed by Shandong Xinfa Fishing Group Co., Ltd., Wang Hongli, Wang Mingli, and Dalian Xingyuan Marine Fuel Co., Ltd., confirms two changes to their original Equity Replacement agreement. First, the signing date is corrected from December 25, 2009, to December 25, 2008. Second, a provision requiring Dalian Xingyuan to become publicly listed within two years or pay compensation is declared void. All parties agree to these amendments, which are now binding.

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EX-10.19 11 v169998_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
 
           
Signature: 
/s/ Shandong Xinfa Fishing Group Co., Ltd.
      
 
By: Wang Xiaojun
      
 
 
      

Party B: Wang Hongli
 
           
Signature: 
/s/ Wang Hongli
      
 
 
      
 
 
      

Party C: Wang Mingli
 
           
Signature: 
/s/ Wang Mingli
      
 
 
      
 
 
      

Party D: Dalian Xingyuan Marine Fuel Co., Ltd.
Legal Representative: An Fengbin
 
           
Signature: 
/s/ Dalian Xingyuan Marine Fuel Co., Ltd.
      
 
By: An Fengbin, CEO