Equity Transfer Agreement between SinoHub Technology (Hong Kong) Ltd. and B2B Chips Ltd.
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Summary
SinoHub Technology (Hong Kong) Ltd. agrees to sell all its equity in SinoHub HK Technology Ltd. to B2B Chips Ltd. for HK$10,000. After the transfer, B2B Chips Ltd. will assume all rights and obligations related to the equity, including tax filings and company documents. Both parties agree to cooperate fully to complete the transfer process. The agreement was signed by authorized representatives of both companies on April 10, 2008.
EX-10.31 19 ex10_31.htm EQUITY TRANSFERRING AGREEMENT ex10_31.htm
EXHIBIT 10.31
Equity Transferring Agreement
Party A (Assignor): SinoHub Technology (Hong Kong) Ltd.
Party B (Assignee): B2B Chips Ltd.
Party A and Party B do hereby agree on equity transferring issue as following:
Party A agrees to sell its whole equity registered under SinoHub HK Technology Ltd. to Party B at the price of HK$10,000. Upon the completion of the equity transfer, Party B shall be liable for all the rights and obligations of Party A, and all the tax return and documents, profiles, corporate chops, etc. shall be transferred to Party A.
Upon the signature of both parties on this Agreement, Party B shall set about the relative issues concerning the equity transfer, and Party A shall assist with all the procedures without reserve.
| Party A: SinoHub Technology (Hong Kong) Ltd. | Party B: B2B Chips Ltd. |
| Legal representative: /s/Henry T. Cochran | Legal representative: /s/Willa Li |
| April 10, 2008 | April 10, 2008 |
