DongyingHaihui Industry& Commerce Co., Ltd EquityTransfer Agreement

 

I．

Party A, upon the shareholders’ consent, will transfer his portion of shareholding with a par value of RMB 800,000(representing 40% shareholding rights) in Dongying Haihui Industry& Commerce Co., Ltd to Party B in accordance with Chinese laws.

 

II．

The way of transfer: Party B should pay RMB 800,000 in cash one-time to Party A.

III．

This agreement will comes into force when both parties sign and seal, the rights and obligations of Party A in Dongying Haihui Industry& Commerce Co., Ltd shall cease to be effective automatically, and creditors’ right and obligation subsequent to the transfer agreement should be assumed by Party B. Party B should conform to article of incorporation and the relevant provisions.

IV．

This agreement is quadruplicate, the transferor and the transferee each shall hold one copy, local State Administration of Industry and Commerce and the company shall hold one copy each for reference.

 

V．

Party A, upon the shareholders’ consent, will transfer his portion of shareholding with a par value of RMB 1,200,000(representing 60% shareholding rights) in Dongying Haihui Industry& Commerce Co., Ltd to Party B in accordance with Chinese laws.

VI．

The way of transfer: Party B should pay RMB 1,200,000 in cash one-time to Party A.

VII．

This agreement will comes into force when both parties sign and seal, the rights and obligations of Party A in Dongying Haihui Industry& Commerce Co., Ltd shall cease to be effective automatically, and creditors’ right and obligation subsequent to the transfer agreement should be assumed by Party B. Party B should conform to article of incorporation and the relevant provisions.

VIII．

This agreement is quadruplicate, the transferor and the transferee each shall hold one copy, local State Administration of Industry and Commerce and the company shall hold one copy each for reference.