Share Transfer Agreement
Contract Categories:
Business Finance
›
Stock Agreements
EX-10.1 2 v113921_ex10-1.htm
Share Transfer Agreement
Party A: Zhejiang Kandi Vehicles Co. Ltd.
Party B: Erwa Lu
Party C: Bilian Zhu
After friendly negotiations, parties A, B and C have reached an agreement to the arrangements related to the transfer of party A’s shares of Zhejiang Yongkang Import & Export Co. Ltd. (“Dingji”) to parties B and C as follows:
| 1. | Party A will transfer 100% of its shares of Dingji to parties B and C. Party B shall pay to Party A RMB 3.5 million for 70% of the Dingji shares, and Party C shall pay to Party A RMB 1.5 million for the remaining 30% of the Dingji shares. |
| 2. | After the transfer of shares, Party A will no longer have any rights or responsibilities as a shareholder of Dingji, while parties B and C will become shareholders of Dingji and have all the rights and responsibilities of the shareholders prescribed in Dingji’s Articles of Association. |
| 3. | This agreement is signed in the meeting room of Dingji on May 9, 2008 and takes effect immediately after signing and stamping. |
Party A:
Party B:
Party C:
May 9, 2008
