Stockholder's Rights Transfer Agreement between Wang Aiying and Tianjin Joway Shengshi Group Co., Ltd.
This agreement is between Wang Aiying and Tianjin Joway Shengshi Group Co., Ltd. Wang Aiying agrees to transfer a 5% ownership stake (valued at RMB 100,000) in Tianjin Oriental Shengtang Import & Export Trading Co., Ltd. to Tianjin Joway Shengshi Group Co., Ltd. The assignee will assume all related rights, debts, and credits proportional to the transferred equity. The agreement is effective as of July 28, 2010.
Exhibit 10.23
Stockholder’s Rights Transfer Agreement
Assignor (Party A) : Wang Aiying
Assignee (Party B) : Tianjin Joway Shengshi Group Co., Ltd.
After friendly consultations regarding the share transfer matters the two parties have reached the following agreement:
| 1. | Party A agrees to transfer the 5% (Value RMB 100,000) Stockholder’s Rights of Tianjin Oriental Shengtang Import & Export Trading Co., Ltd. (hereafter refers to as “the Company”) to Party B. |
| 2. | Party B agrees to transferee the 5% share of the Company from Party A. |
| 3. | Before and after this Agreement becomes effective, the Assignee shall assume the limited debts and credits in proportion to the equity share of the Company. |
Party A: /s/ Wang Aiying
Party B: /stamp/ Tianjin Joway Shengshi Group Co., Ltd.
Date: July 28, 2010
