Oral Amendment to Stockholder's Rights Transfer Agreements between Tianjin Joway Shengshi Group Co., Ltd. and Wang Aiying
Tianjin Joway Shengshi Group Co., Ltd. and Wang Aiying orally agreed to amend their Stockholder's Rights Transfer Agreements dated July 9 and July 28, 2010. Under this amendment, Tianjin Joway Shengshi will pay Wang Aiying RMB100,000 in cash as consideration for Wang Aiying transferring all his stockholder rights in Tianjin Oriental Shengtang Import & Export Trading Co., Ltd. to Tianjin Joway Shengshi. The agreement clarifies the payment terms for the transfer of stockholder rights.
Exhibit 10.27
An Oral Amendment to the Stockholder’s Rights Transfer Agreements, Dated July 9, 2010 and July 28, 2010,
between Tianjin Joway Shengshi Group Co., Ltd. and Wang Aiying
On July 28, 2010, Wang Aiying and Tianjin Joway Shengshi Group Co., Ltd entered into a Stockholder’s Rights Transfer Agreement pursuant to which Wang Aiying agreed to transfer all of his stockholder rights in Tianjin Oriental Shengtang Import & Export Trading Co., Ltd. to Tianjin Joway Shengshi Group. The parties agreed orally at the time the Agreement was entered into that Tianjin Joway Shengshi would pay Wang Aiying cash in the amount of RMB100,000 as consideration for such transfer.
