Stock Exchange Agreement between Hangzhou Haohai Culture Communication Co., Ltd and EastBridge Investment Group Corp
Hangzhou Haohai Culture Communication Co., Ltd and EastBridge Investment Group Corp have agreed to exchange shares: Hangzhou Haohai will transfer 51% of ZB Media Corporation's common stock to EastBridge in return for 1,000,000 shares of EastBridge's B-preferred stock. Both parties will begin an audit of ZB Media Corporation and prepare for a potential stock listing. Any issues not covered in this agreement will be addressed in future supplemental agreements, which will have equal validity. Disputes may be resolved through arbitration or legal action in China or the United States.
EXHIBIT 10.2
(Ji-Bo Pipes & Valves) | (Translated from Chinese) |
STOCK EXCHANGE AGREEMENT
Party A: Hangzhou Haohai Culture Communication Co., Ltd
Party B: EastBridge Investment Group Corp
Through friendly consultations, the two parties have reached a stock exchange agreement as follows:
1) Party A tenders 51% of the common stock of ZB Media Corporation in exchange for 1,000,000 shares of party B's B-preferred stock
2) Both parties agree to commence the audit process as soon as practicable for ZB Media Corporation by a qualified public accounting firm and to prepare for the listing process.
Matters not mentioned herein will be discussed separately in supplemental agreements by both sides. The supplemental agreements and this agreement are equally valid.
The two parties shall abide by the provisions of this agreement. If there is any contravention, the infringed party can legally apply for arbitration or lodge a complaint in China or in the United States.
Party A: Hangzhou Haohai Culture Communication Co., Ltd
Party B: EastBridge Investment Group Corp
September, 21st, 2008
