Addendum IV to Stock Transfer Agreement between CDI China, Inc. and Bloomgain Investment Limited (August 8, 2011)

Contract Categories: Business Finance › Stock Agreements
Summary

This addendum, signed by CDI China, Inc. and Bloomgain Investment Limited, modifies their original agreement for the transfer of a 51% interest in Pan Asia Magnesium Co., Ltd. The addendum extends certain payment and execution deadlines to September 15, 2011, clarifies that it prevails over previous agreements in case of conflict, and specifies that it is effective upon signing and terminates with the main agreement. Both parties retain signed copies. The agreement ensures the transfer is recognized by the owners of the remaining 49% interest.

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EX-10.5 6 exh10-5.htm AMENDMENT IV DATED AUGUST 8, 2011 TO STOCK TRANSFER AGREEMENT BETWEEN CDI CHINA, INC. AND BLOOMGAIN INVESTMENT LIMITED. exh10-5.htm
 
Exhibit 10.5
English Translation
 
 
Confidential
 
 
 
August 8, 2011
 
 
 
 Bloomgain Investment Limited
 
and
 
CDI CHINA, INC.
 
in regards to
 
 
Acquisition of 51% Interest in Pan Asia Magnesium Co., Ltd
 
 
 
 
                                                                   
Addendum (IV) to the Stock Transfer Agreement
                                                                   
  
 


 
 
 

Addendum IV to the Stock Transfer Agreement (“Addendum IV”) signed by the below parties on August 8, 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, Addendum I and Addendum II dated March 7, 2011 and Addendum III dated June 23, 2011 to the stock transfer agreement (“Addendum I”, “Addendum II” and “Addendum III”, respectively) of Pan Asia Magnesium Co., Ltd (“Target Company”) .

I.
The clause in regards to the payment time under Section 3.2 of the Agreement is hereby amended from the “15 days” to “prior to September 15, 2011”.

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 September 15, 2011”.

III.
The Agreement and the Annexes shall take effect on the date (the “Effective Date”) this Addendum IV is signed by the Parties in recognition of the consent by the owners of 49% of the Membership Interests in the Company to permit the transfer of Seller’s 51% Membership Interest to Buyer under the terms of the Original Agreement, as amended.

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

V.
This Addendum IV 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.