from 10SB12G/A
1 page
Agreement for the Acquisition of Two Beijing Companies Party A: Asian Star Development, Inc. Party B: Ge Lin Tao Based on Friendly Discussion, the Aforementioned Parties Have Agreed to Form a Company in Hong Kong to Acquire Super Shopping Channels Ltd. (Referred to Hereafter as Company A) and Beijing Kinetic Sales Network Limited (Referred to Hereafter as Company B), and Reached the Following Agreement: (1) the Hong Kong Company Shall Be Formed by the Two Parties. Party a Shall Put in 10 Million Yuan Rmb or an Equivalent Amount in Foreign Currency and Shall Have a 75% Share. Party B Shall Have a 25% Share. (2) Party B Shall Be Responsible for Acquiring 100% of the Shares of Company a and Company B. Company a Needs 10 Million Yuan Rmb and Company B Needs 8 Million Yuan Rmb. Party a Shall Top Up Funds Required for the Acquisition Through a Loan to the Hong Kong Company. Company a and Company B Shall Be Responsible for Developing Such Investment Projects as the 6-12 Convenient Store Chain (In Cooperation With the Ccg and the Chinese People's Political Consultative Conference), Merchandise Delivery, and Shandong Winery, Etc (3) Party a Now Puts in a Deposit of 300,000 Yuan Rmb as a Token of Sincerity. (4) Party B Must Have the Contracts for the 6-12 Convenient Store Chain and the Shandong Winery Projects Ready Within 90 Days Following the Signing of This Agreement. Should There Be Any Discrepancies Between the Contracts and This Agreement, Party a Shall Have the Right to Demand a Refund of the Said Deposit From Party B. 96 <page> (5) Both Parties Shall Each Retain a Copy of This Agreement. Party A: Asian Star Development, Inc. Party B: Ge Lin Tao Representative: Lin Ding Bo Representative: Ge Lin Tao Signature: [Signed] Lin Ding Bo Signature: [Signed] Ge Lin Tao Date: September 10, 1998 Date: September 10, 1998
