Addendum III to Stock Transfer Agreement between CDI China, Inc. and Bloomgain Investment Limited (June 23, 2011)

Contract Categories: Business Finance › Stock Agreements
Summary

This addendum updates the stock transfer agreement between CDI China, Inc. and Bloomgain Investment Limited regarding the acquisition of a 51% interest in Pan Asia Magnesium Co., Ltd. The payment deadline is extended from 15 to 90 days, and another deadline is changed to before August 15, 2011. In case of any conflict, this addendum takes precedence over previous agreements. The addendum is supplementary and ends if the main agreement is terminated. Both parties have signed and hold copies of the agreement.

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EX-10.4 5 exh10-4.htm AMENDMENT III DATED JUNE 23, 2011 TO STOCK TRANSFER AGREEMENT BETWEEN CDI CHINA, INC. AND BLOOMGAIN INVESTMENT LIMITED. exh10-4.htm
 
Exhibit 10.4
English Translation
 
 
Confidential
 
 
 
June 23, 2011
 
 
 
 Bloomgain Investment Limited
 
and
 
CDI CHINA, INC.
 
in regards to
 
 
Acquisition of 51% Interest in Pan Asia Magnesium Co., Ltd
 
 
 
 
                                                                   
Addendum (III) to the Stock Transfer Agreement
                                                                   
  
 


 
 
 

Addendum III to the Stock Transfer Agreement (“Addendum II”) signed by the below parties on June 23, 2011.

(1)  
Bloomgain Investment Limited，a Limited Liability Company registered in the British Virgin Islands, registered address is: OMC Chambers, P.O. Box3152, Road Town, Tortola, British Virgin Islands (“Buyer”);

(2)  
CDI CHINA, INC.，a Limited Liability Company registered in Florida, USA, registered address is: 431 Fairway Drive, Suite 200 Deerfield Beach, FL 33441 U.S.A (“Seller”)

Together the Buyer and Seller may be referred to as the “Parties”; “Party” refers to any one of the Parties.

Through negotiation and consultation, the Parties agrees to sign this addendum to the Pan Asia 51% stock transfer agreement (“Original Agreement”) dated March 7, 2011 and the Addendum I and Addendum II to the stock transfer agreement (“Addendum I” and “Addendum II”, respectively) of Pan Asia Magnesium Co., Ltd (“Target Company”) dated March 7, 2011.

I.  
The clause in regards to the payment time under Section 3.2 of the Agreement is hereby amended from the “15 days” to “90 days”.

II.  
Section 4.3 of the Agreement is hereby amended from “60 days after the date of execution” to “after the date of execution, prior to August 15, 2011”.


 
III.  
If there is dispute between this addendum and the Original Agreement, the Addendum I or Addendum II, this Addendum III shall prevail. This Addendum III shall act as supplementary agreement to the Agreement, and is automatically terminated at the termination of the Agreement.

IV.  
This Addendum III shall have four copies of the same format, each party holds two copies.

No text below


 
 
 

IN WITNESS WHEREOF, the parties signed this agreement dated above.


 

 
Authorized Representative
 
 
 
 
 /s/ Wuliang Zhang
Bloomgain Investment Limited
 
Authorized Representative
 
 
 
 
 /s/ Yuwei Huang
CDI CHINA, INC.