Share Transfer Agreement between Beijing Huiyuan Duoyuan Digital Printing Technology Research Institute and Duoyuan Digital Printing Technology Industry (China) Co., Ltd.
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Summary
This agreement, dated October 16, 2005, is between Beijing Huiyuan Duoyuan Digital Printing Technology Research Institute and Duoyuan Digital Printing Technology Industry (China) Co., Ltd. Huiyuan Duoyuan agrees to transfer 90% of its shares in Langfang Duoyuan Digital Technology Co., Ltd. to Duoyuan China for RMB36,000,000. After the transfer, Duoyuan China will own 95% and Huiyuan Duoyuan will own 5% of Langfang Duoyuan. Duoyuan China must pay the purchase price within 30 days after the agreement becomes effective.
EX-10.9 11 v095176_ex10-9.htm
EXHIBIT 10.9
SHARE TRANSFER AGREEMENT
THIS SHARE TRANSFER AGREEMENT is made and entered into on October 16, 2005 by and between Beijing Huiyuan Duoyuan Digital Printing Technology Research Institute, a China-based corporation (“Huiyuan Duoyuan”), and Duoyuan Digital Printing Technology Industry (China) Co., Ltd., a China-based corporation (“Duoyuan China”). Both corporations are shareholders of Langfang Duoyuan Digital Technology Co., Ltd. (“Langfang Duoyuan”).
Huiyuan Duoyuan agrees to transfer 90% of its shares of Langfang Duoyuan to Duoyuan China.
Upon the closing of the Share Transfer, Duoyuan China shall have 95% of the shares and Huiyuan Duoyuan will have 5% of the shares of Langfang Duoyuan respectively.
The purchase price is RMB36,000,000. Duoyuan China shall pay the purchase price to Huiyuan Duoyuan within 30 days after this Agreement becomes effective.
