Share Transfer Agreement between Asia Development Capital LLC and Craig Samuels

Contract Categories: Business Finance › Stock Agreements
Summary

Asia Development Capital LLC agrees to transfer 10,000 shares of Asia Automotive Acquisition Corporation common stock to Craig Samuels for $250. Craig Samuels acknowledges that the shares are unregistered, are being acquired for investment purposes only, and that he is an accredited investor. He also confirms his familiarity with the company's business and financial condition based on its SEC filings. The agreement is effective as of February 8, 2006.

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EX-10.2.21 30 k97355a4exv10w2w21.txt LETTER AGREEMENT BET. ASIA DEVELOPMENT CAPITAL LLC AND CRAIG SAMUELS EXHIBIT 10.2.21 As of February 8, 2006 Craig Samuels 4808 Moorland Lane Suite 109 Bethesda, MD 20814 Gentlemen: The undersigned hereby agrees to transfer to you 10,000 shares ("Shares") of common stock, par value $.001 per share, of Asia Automotive Acquisition Corporation ("Company"), a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an automotive operating business that has its primary operating facilities located in Asia, in exchange for $250. By agreeing to the foregoing transfer, you understand that the Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"); that you are acquiring the Shares for your account for investment purposes only; that you have no present intention of selling or otherwise disposing of the Shares in violation of the Securities Act; that you are an "accredited investor" as defined by Rule 501 of Regulation D promulgated under the Securities Act; and that, based solely on a review of the Registration Statement on Form S-1, as amended to date, filed with the SEC, you are familiar with the proposed business, management, financial condition, and affairs of the Company. Very truly yours, /s/ Rudy Wilson - ---------------- Rudy Wilson For Asia Development Capital LLC Agreed to: Craig Samuels /s/ Craig Samuels - ------------------