Business Operation Agreement between USChina Bull Holding Incorporation and China Bull Management Inc.
USChina Bull Holding Incorporation and China Bull Management Inc., both Nevada corporations, have entered into an agreement where Management Inc. will assume full responsibility for the operations of Holding Inc. In return, Holding Inc. will pay Management Inc. a service fee of $29,169.37, which will be paid over a period of 12 to 36 months starting July 2011, at Management Inc.'s discretion. The full amount was deposited in June 2011. This agreement outlines the management and payment terms between the two companies.
BUSINESS OPERAITION AGREEMENT
This Business Operation Agreement (the "Agreement") is made by and between USChina Bull Holding Incorporation (the "Holding Inc") and China Bull Management Inc (“Management Inc”) collectively the "Parties", on the twelveth day of June 2011.
Whereas the "Holding INC" is a Nevada registered stock incorporation, and a subsidiary of China Education International Inc., and engaged in agency services specialized in financial area to serve the Chinese private companies going publicly listing on SEC filing, exhibits, informative conference, road show, lettering service and patent broker service, etc.
Whereas the "Management Inc” is a Nevada registered independently incorporation, and manages the operation of "Holding INC".
Now, therefore, in consideration of the mutual agreements promises set forth herein, the parties agree as follows:
- “Management Inc” will take fully liabilities of "Holding INC”.
- "Holding INC” will make total payment of $29,169.37 to “Management Inc” for service fee. This service fee will pay in period no less than 12 month and no more than 36 month commenced from July 2011, fully on the discretion of “Management Inc”.
- "Holding INC” deposits $29,169.37 to “Management Inc” in June 2011.
s/s Andrew Chien s/s___ Andrew Chien______
General Manager of "Holding Inc" Chairman of “Management Inc”
