Share Transfer Agreement
EX-10.2 3 v094527_ex10-2.htm
Share Transfer Agreement
Transferor: Zhao Yao (hereinafter Party A)
Transferee: Shanxi Putai Resources Group Co., Ltd. (hereinafter Party B)
WHEREAS, Party A and Party B have been discussing certain arrangements
under which Party A will transfer its stock ownership in Shanxi Puda Coal Group Co. Ltd (“Shanxi Coal”) to Party B, the parties hereto agree as follows:
| 1. | Now Party A agrees to transfer 18% among its total 20% stock ownership in Shanxi Coal to Party B at a purchase price of RMB 4,050,000. Party B will pay the purchase price within three months of the execution of this agreement. The closing of the transfer will occur on the date a government approval or confirmation with respect to the transfer is received. |
| 2. | This agreement is in triplicate. Each party has one copy, and one copy shall be recorded at the Bureau of Industrial and Commercial Administration. |
| 3. | This agreement becomes effective once both parties have signed it. |
Party A: Zhao Yao
Date: September 13th, 2007
Party B: Shanxi Putai Resources Group Co., Ltd.
Date: September 13th, 2007
