Shares Trading Agreement
EXHIBIT 10.1
Shares Trading Agreement
Transferor (Party A): Yugosu Investment Limited
Address: Room 10, 1/F, Wellborne Commercial Center, 8 Java Road, Hong Kong
Phone #: +852-2806-2312
Transferee 1 (Part B): Wang, Baitao
Address:
Transferee 2 (Party C): Guangzhou Puluosi Investment Consulting Co., Ltd.
Address: Room 1302, A-3, Poly Plaza, 290 East Hanxi Avenue, Zhongcun, Panyu, Guangzhou
Both of transferor and transferees agreed to the following:
A. Trading Prices and Payment
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| 1. | Party A agreed to transfer 99% of the its owned Guangzhou Sleepaid Household Supplies Co., Ltd. shares to Party B at the consideration of RMB 9,900 (Total RMB Nine Thousand Nine Hundred Only), Party B agreed to the consideration amount. |
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| 2. | Party A agreed to transfer 1% of the its owned Guangzhou Sleepaid Household Supplies Co., Ltd. shares to Party C at the consideration of RMB 100 (Total RMB One Hundred Only), Party C agreed to the consideration amount. |
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| 3. | Party B and Party C will pay Party A the agreed considerations at the day this agreement is signed and stamped by all three parties (by cash or bank). |
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| 4. | All of the original account payables and liabilities associated with Party A and its original shareholders will be taken care of by original shareholders; other liabilities will be taken care of by Party A. |
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| 5. | The business registration change will be done by January 31, 2019; Party A will provide related necessary materials. |
B. Warranties
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| 1. | Party A assured the transfer assets are based on real paid-in capitals, and lawfully owned. |
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| 2. | Party A assured to take care of all the liabilities prior to the effective date of current transaction. |
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| 3. | Party B and Party C assured to pay the consideration as mentioned in this agreement. |
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| 4. | Party B and Party C assured the original employee positions will remain unchanged within one month. |
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| 5. | If Party B and Party C need to continue to use the current location for the asset, they will need to pay for the rent of the location; details to be negotiated. |
C. Responsibilities of profit and loss, and fees
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| 1. | After this agreement become effective, the profit and loss on and before December 31, 2018 belong to Party A; the profit and loss after December 31, 2018 do not belong to Party A. |
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| 2. | Before December 31, 2018, Party A will coordinate with Party B and Party C to check the inventory of the trading assets; if the final assets balance is different from account balance, the differences will be made up within the last payment. |
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| 3. | Party A assured to provide includes but not limit to the financial statements like income statement/balance sheet/cashflow statement. |
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| 4. | Party A will pay for all the related fees regarding this transaction, includes notarization fee, traveling expense, filing fees, etc. |
D. Modification and termination of the Agreement
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| 1. | When any of the following events happen, this agreement will be modified or terminated by written consent from all the parties. |
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| 2. | When force majeure happens. |
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| 3. | Any of the parties loose the ability to perform this agreement. |
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| 4. | Other situations agreed by all the parties. |
E. Other
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| 1. | This agreement is made in three copies, each of the parties hold on one of the copies, all of the copies will become effective once signed and stamped. |
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| 2. | If the parties have any disagreements regarding the performance of this agreement, the parties should communicate to solve the problem; if the problem remains unsolved, an arbitration in Guangzhou should be applied. |
F. Supplementary Terms
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| 1. | This agreement will be effective after signed and stamped by all parties, and after the change of business registration of Guangzhou Sleepaid Household Supplies Co., Ltd. |
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IN WITNESS whereof this Agreement has been duly executed on the date fist above written.
| TRANSFERER SIGNED by Kuen Cheung |
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| For and on behalf of |
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| Yugosu Investment Limited |
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| in the presence of: - |
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| TRANSFEREE SIGNED by Baitao Wang |
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| For and on behalf of |
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| Baitao Wang |
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| in the presence of: - |
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| TRANSFEREE SIGNED by Tao Wang |
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| For and on behalf of |
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| Guangzhou Puluosi Investment Consulting Co., Ltd. |
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| in the presence of: - |
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