Equity Transfer Agreement between Lv Xinjuan and Shandong Global Pharm Co., Ltd. for Taian Senlin Pharmaceutical Co., Ltd.

Contract Categories: Business Finance › Purchase Agreements
Summary

This agreement documents the transfer of RMB 3.8 million worth of equity in Taian Senlin Pharmaceutical Co., Ltd. from Lv Xinjuan (the transferor) to Shandong Global Pharm Co., Ltd. (the transferee). All other shareholders have agreed to waive their preemptive rights. After the transfer, the new shareholder will assume rights and obligations in proportion to their ownership and must comply with the company's Articles of Association. The agreement becomes effective upon signing and registration with the relevant authorities.

Read More Arrow
EX-10.15 19 v231159_ex10-15.htm EXHIBIT 10.15
EQUITY TRANSFER AGREEMENT OF TAIAN SENLIN PHARMACEUTICAL CO., LTD.

Party A (Transferor):
Lv Xinjuan

Party B (Transferee):
Shandong Global Pharm Co., Ltd.

In accordance with the regulations of the Company Law of the People’s Republic of China, Party A and Party B hereto have entered into the agreement (the “Agreement”) on equity transfer agreed by all the shareholders based on the principle of equality and rationality.

Clause 1:
Party A (Lv Xinjuan) holds the equity interest of Taian Senlin Pharmaceutical Co., Ltd. of RMB 3.8 million, which is hereto transferred to Party B (Shandong Global Pharm Co., Ltd.). Other shareholders agree to waive the preemptive rights.

Clause 2:

After Party A transfers the equity to Party B legally, the shareholders shall assume the rights and obligations of the Company by the respective contribution pro rata. Party B shall abide by and execute the Articles of Association of the Company.

Clause 3:

The Agreement is executed in three counterparts with each party to execute one counterpart; one counterpart shall be submitted to the Registration Organization.

Clause 4:

This Agreement shall be effective upon signature by all parties hereto and registration in the Administration Organization for Industry and Commerce.

 
1
 

[This page is intentionally left blank for signature only]

Party A

Lv Xinjuan
)

Party B

Shandong Global Pharm
)
Co., Ltd.
)

 
Zhang Tao
 
Representative

Signing date: May 25, 2011
 
 
2