COMPANY EQUITY TRANSFER AGREEMENT.docx

COMPANY EQUITY TRANSFER AGREEMENT.docx

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COMPANYEQUITYTRANSFERAGREEMENT

COMPANYEQUITYTRANSFERAGREEMENT

CONTENTS

1TransferoftheTransferredEquity

2PaymentoftheTransferPrice

3Closing

4ConditionsPrecedenttotheClosing

5RepresentationsandWarranties

6RightsandObligations

7AmendmentandTerminationoftheAgreement

8LiabilityforBreachofContract

9Expenses

10Confidentiality

11Indemnification

12ApplicablelawsandDisputeResolutions

13Miscellaneous

ThisEquityTransferAgreement（thisAgreement）isenteredinto,on________in_____,PeoplesRepublicofChina（thePRC）,byandbetween:

Transferors:

Transferee:

TheTransferorsandtheTransfereewillbeindividuallyreferredtoasEachPartyandcollectivelyreferredtoastheParties.

Whereas,

1._________（theCompany）isacompanyestablishedandvalidlyexistingunderthelawsofthePRC._______contributes____（）intheformof_____,accountingfor___%

_______contributes____（）intheformof_____,accountingfor___%

2.TheTransfereeis____;

3.InaccordancewiththeTheLawofThePeople'sRepublicofChinaonChinese-ForeignEquityJointVenturesCompanyLawofthePeople'sRepublicofChinaandotherrelevantprovisionsofChina,partiesshall,uponthecompletionofagreementherein,enterintojointventurecontractandsetup______LimitedLiabilityCompanyhereinafterreferredtoasjointventurecompany.

InaccordancewiththelawsandregulationsofthePRC,thePartiesherebyagreetotheequitytransferasfollows:

1TransferoftheTransferredEquity

Transferorsagreestotransferthe__%Stockholder'sRightsoftheCompanytoTransferee.TransferorsandtheTransfereebothagreethatthetransferpricesofthe___%Stockholder'sRightsis_____yuanRMB,whichisequalto_______USdollars.

2PaymentoftheTransferPrice

TheTransfereeshallpaytotheTransferorstheTransferPricebywiretransferofimmediatelyavailablefundswithin_______calendardaysaftertheexecutionofthisAgreementinaccordancewiththefollowinginstructions:

3Closing

SubjecttothetermsandconditionsofthisAgreement,theconsummationofthetransactionscontemplatedbythisAgreementshalltakeplaceataclosing（theClosing）whenalltheconditionsprecedentsetforthinArticle4arefulfilledorwaivedinwritingbytheParties.ThedateonwhichtheClosingoccursishereinreferredtoastheClosingDate

4ConditionsPrecedenttotheClosing

TheClosingshalltakeplacesubjecttothefulfillmentofeachofthefollowingconditions:

4.1TheothershareholdersoftheCompanyshallhavewaivedinwritingtherightoffirstrefusalwithrespecttotheTransferredEquity;

4.2Theformation,effectiveness,validityandperformanceofthisAgreementisnotchallenged,restrictedorprohibitedbyanythirdpartyoranycourt,arbitrationinstitutionorrelevantgovernmentauthorityofthePRC;

4.3EachPartyshallhavecompletedalltherequiredinternalapprovalproceduresfortheClosingpursuanttoitsarticlesofassociation;

4.4TherepresentationsandwarrantiesmadebyEachPartyunderthisAgreementisstilltrueandeffectiveatthetimeoftheClosing;

4.5ThetransferoftheTransferredEquityshallhavebeenapprovedbytheexaminationandapprovalauthorityandregisteredwiththelocaladministrationofindustryandcommerce.

5RepresentationsandWarranties

5.1RepresentationsandWarrantiesoftheTransferors

5.1.1EachTransferorisalegalentitydulyestablishedandvalidlyexistingunderthelawsoftheplaceofitsincorporation;

5.1.2EachTransferorpossessesfullpowerandauthoritytoenterintoandtoperformitsobligationshereunder,anditsrepresentativehasobtainednecessaryauthorizationtoexecutethisAgreement;

5.1.3TheexecutionandimplementationofthisAgreementdoesnotviolateanylawsorregulationswhichareapplicabletotheTransferors,oranymaterialcontractsoragreementsinwhicheitherTransferorisoneoftheParties,oranymaterialcontractsoragreementswhicharebindinguponeitherTransferorsproperties;

5.1.4Thereisnoexistingorpotentialsuit,arbitrationorpreliminaryhearingaffectingtheexecutionofthisAgreementoreitherTransferorsabilitytoperformthisAgreement;

5.1.5AlltherepresentationsandwarrantiesmadebytheTransferorsaretrue,authenticandcompleteonthedateofexecutionofthisAgreement.EachTransferoracknowledgesthatalltherepresentationsandwarrantiesshallbetrue,authenticandcompleteuntiltheClosing.

5.1.6TheTransferredEquityislegallyownedbytheTransferors.AsofthedateofexecutionofthisAgreement,theTransferredEquity,freefromandclearofanypledge,encumbranceorfreezeduetojudicialjudgmentoradministrativeadjudication,canbelegitimatelytransferredtotheTransfereeinaccordancewiththePRClaws.

5.1.7EachTransferorisnotawareofanycircumstanceorlegalobstaclewhichmayleadtotheliquidation,terminationornon-existenceoftheCompany.

5.1.8TheTransferorsshallassisttheTransfereeinpromotingtheCompanytoapprovethetransferoftheTransferredEquityinaccordancewiththearticlesofassociationoftheCompanyandinthepreparationofallthedocumentsrelatingtothetransactionscontemplatedunderthisAgreement.

5.1.9TheTransferorsshallnotsellalloraportionoftheTransferredEquitytoanythirdpartyorsetanythirdpartyinterestinanyformfromtheexecutionofthisAgreementtotheregistrationoftheTransferredEquitywiththelocaladministrationofindustryandcommerce.

5.2RepresentationsandWarrantiesoftheTransferee

5.2.1TheTransfereeisalegalentitydulyestablishedandvalidlyexistingunderthelawsofHongKong;

5.2.2TheTransfereepossessesfullpowerandauthoritytoenterintoandtoperformitsobligationshereunder,anditsrepresentativehasobtainednecessaryauthorizationtoexecutethisAgreement.ThisAgreementconstitutesavalidandbindingagreementoftheTransferee,enforceableagainstitinaccordancewithitsterms;

5.2.3TheimplementationofthisAgreementdoesnotviolateanyapplicablelawsandregulationsoranymaterialcontractsoragreementsinwhichtheTransfereeisapartyorwhichisbindingonthepropertiesoftheTransferee;

5.2.4Thereisnoexistingorpotentialsuit,arbitrationorpreliminaryhearingaffectingtheexecutionofthisAgreementortheTransfereesabilitytoperformthisAgreement

5.2.5AlltherepresentationsandwarrantiesoftheTransfereearetrue,authenticandcompleteonthedateofexecutionofthisAgreement.TheTransfereeacknowledgesthatalltherepresentationsandwarrantiesshallbetrue,authenticandcompleteuntiltheClosing

5.2.6TheTransfereehasconducteditsownduediligenceinvestigationoftheCompanyandtheTransferredEquityandisfullycapableofbearingtheeconomicrisksofitsinvestment.

6RightsandObligations

6.1RightsandObligationsoftheTransferors

6.1.1EachTransferorhastherighttorequesttheTransfereetopaytheTransferPriceontimeaccordingtotheprovisionsofthisAgreement;

6.1.2EachTransferorshallpromptlypromotetheboardofthedirectorsoftheCompanytoapprovetheequitytransferpursuanttothecurrentarticlesofassociationoftheCompanyafterexecutionofthisAgreement;

6.1.3EachTransferorshallassisttheTransfereeandtheCompanytoobtainalltherequiredgovernmentalapprovalandregistrationfortheequitytransfer;

6.1.4OtherrightsandobligationssetforthinthisAgreement.

6.2RightsandObligationsoftheTransferee

6.2.1TheTransfereehastherighttorequesteachTransferortoassisttheTransfereeandtheCompanytoobtainalltherequiredgovernmentalapprovalandregistrationfortheequitytransfer;

6.2.2AftertheregistrationoftheTransferredEquitywiththelocaladministrationofindustryandcommerce,theTransfereeshallhavealltherightstotheTransferredEquityandallthederivedinterests,andbeentitledtoundertaketherightsandobligationsstipulatedinthearticlesofassociationoftheCompany;

6.2.3TheTransfereeshallpaytheTransferPriceinfulltotheTransferorsontimeaccordingtotheprovisionsofthisAgreement;

6.2.4OtherrightsandobligationssetforthinthisAgreement.

7AmendmentandTerminationoftheAgreement

7.1AmendmentofthisAgreement

AnyamendmentandsupplementtothisAgreementisinvalidwithoutanexecutedagreementbetweenthePartiesinwriting.

7.2TerminationofthisAgreement

Whenanyofthefollowingcircumstancesoccurs,thisAgreementcanbeterminatedwiththePartieswrittenconsent:

7.2.1FromtheexecutionofthisAgreementtotheClosing,theapplicablelawsandregulationsaremodifiedorchangedwhichsubstantiallyaffecttheperformanceofthisAgreementandthePartiesfailtoreachanagreementtoamendthisAgreement;

7.2.2AneventofforcemajeureoccurswhichrenderstheperformanceofthisAgreementimpossible;

7.2.3OthercircumstancesinwhichthePartiesagreetoterminatethisAgreement.

8LiabilityforBreachofContract

8.1TheTransfereeisentitledtoterminatethisAgreementandtheTransferorsshallreturntheTransferPricereceivedfromtheTransfereeintheeventthateitherTransferorfailstotransfertheTransferredEquitypursuanttotheprovisionsofthisAgreement;

8.2TheTransferorsareentitledtoterminatethisAgreementandtheTransfereeshallpayforthelossesanddamagesoftheTransferorsintheeventthattheTransfereefailstofullypayfortheTransferredEquityontimepursuanttothisAgreement.

8.3IntheeventthatanypartyfailstoperformitsobligationsaftertheexecutionofthisAgreement,thepartyshallberegardedasbreachingthisAgreement.ThepartywhobreachesthisAgreementshallcompensatetheot