Supplemental Equity Transfer Agreement between Shaanxi Changjiang Mining & New Energy Co., Ltd and Wang Sheng Li

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Summary

This agreement is a supplement to a previous equity transfer agreement between Shaanxi Changjiang Mining & New Energy Co., Ltd (Party A) and Wang Sheng Li (Party B) regarding shares in Shaanxi East Mining Co., Ltd. The main change is that the payment of RMB 2,700,000 by Party B to Party A will be offset against funds already owed by Party A to Party B, rather than paid in cash. The supplement is effective upon signing and holds the same legal weight as the original agreement.

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EX-10.4 5 chji_ex104.htm EQUITY TRANSFER AGREEMENT SUPPLEMENT chji_ex104.htm
EXHIBIT 10.4
 
Equity Transfer Agreement supplement
 
Transferor: (Party A:) Shaanxi Changjiang Mining & New Energy Co., Ltd
 
Transferee: (Party B) Wang Sheng Li
 
This agreement is a supplement to the issue of transferring the equity of Shaanxi East Mining Co., Ltd by Party A and Party B. That is, it is a supplement to the Equity Transfer Agreement of Shaanxi East Mining Co., Ltd signed on Dec 25th, 2013.
 
After friendly consultations conducted in accordance with the principles of equality and mutual benefit, the parties have reached the following agreements:
 
1. Changing the Article II of the original agreement “Party B agrees that it will pay RMB 2,700,000 equity transfer funds to Party A in the form of monetary funds in 15 days after both parties signed the agreement”, after friendly consultations, agrees that the above RMB 2,700,000 equity transfer funds can be offset in the funds that owned to party B by party A, and Party B will not pay Party A in the form of monetary funds.
 
2. This agreement shall become effective after both parties signed and sealed. The supplemental agreement has the same legal force and effect with the original Equity Transfer Agreement.
 
Party A: Chen Wei Dong Party B: Wang Sheng Li
  Dec 30th, 2013.