Creditor's Right Subrogation Agreement between Jin Yong-Guang and Li Fu-Chang
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Summary
Jin Yong-Guang (Party A) agrees to transfer his right to collect a debt of RMB 3,370,000 owed by Henan Law Anhou Insurance Agency Co., Ltd. to Li Fu-Chang (Party B) for the same amount. Li Fu-Chang agrees to purchase this creditor's right at face value. The debtor, Henan Law Anhou Insurance Agency Co., Ltd., has been notified of this transfer. The agreement was signed by both parties on March 31, 2011.
EX-10.31 4 v240395_ex10-31.htm EXHIBIT 10.31
Creditor's Right Subrogation Agreement
Party A: JIN, YONG-GUANG
Party B: LI, FU-CHANG
Henan Law Anhou Insurance Agency Co., Ltd. owed Party A RMB: 3,370,000 (hereinafter referred as “Creditor's Right”) in total as of March, 31, 2011. Party A agrees to assign all Creditor's Right to Party B at par. Party B agrees to purchase Creditor's Right at par. And Henan Law Anhou Insurance Agency Co., Ltd has been duly informed of this Creditor's Right subrogation.
| Party A(Signed by): JIN, YONG-GUANG | Party B (Signed by): LI, FU-CHANG |
| Date: March 31st, 2011 | Date: March 31st, 2011 |
