Equity Transfer Agreement between Tianjin Binhai Shisheng Trading Group Co, Ltd and Wu Xiangyang (September 23, 2015)

Contract Categories: Business Finance › Purchase Agreements
Summary

Tianjin Binhai Shisheng Trading Group Co, Ltd has agreed to transfer 98% of its ownership in Tianjin Zhengji International Trade Co, Ltd to Wu Xiangyang for RMB 51,749,594.74. After the transfer, Wu Xiangyang will assume all rights and obligations associated with the acquired equity. The agreement is effective upon closing and is signed by both parties.

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EX-10.1 2 f10q0915ex10i_chinaautolog.htm EQUITY TRANSFER AGREEMENT, DATED AS OF SEPTEMBER 23, 2015, BY AND BETWEEN TIANJIN SEASHORE NEW DISTRICT SHISHENG

Exhibit 10.1

 

Equity Transfer Agreement

 

The Transferor: Tianjin Binhai Shisheng Trading Group Co, Ltd

and 

The Transferee: Wu Xiangyang

have entered into agreement as below:

1. The Transferor agrees to transfer 98% of its share in Tianjin Zhengji International Trade Co, Ltd to the Transferee;

2. The Transferee agrees to accept the 98% share of Tianjin Zhengji International Trade Co, Ltd that previously held by the Transferor;

3. The two parties agree to the consideration of the transfer as RMB 51,749,594.74;

4. After the transfer is closed, the Transferee shall acquire the right and obligation in Tianjin Zhengji International Trade Co, Ltd to the limit of its equity proportion.

 

Transferor: (signed by Cheng Weihong)

 

Transferee: (signed by Wu Xiangyang)