EX-10.51
from 8-K/A
1 page
Party a (Assignor): Shandong Ruixing Chemical Co., Ltd. Party B (Assignee): Mr. Xuchun Wang in Accordance With the Relevant Provisions of Laws, Regulations of People’s Republic of China, Party a Hereby Agrees to Transfer All the Equity It Held in Shandong Xiangrui to Party B After Friendly Consultation. Article 1: Party a Agrees to Transfer All the Equity It Held in Shandong Xiangrui to Party B According to the Prescriptions of This Agreement. Article 2: Party B Agrees to Purchase the Equity Held by Party a in Shandong Xiangrui. Article 3: Both Parties Agree That the Transfer Price Is Rmb 17,200,000. Article 4: Party B Shall Pay the Transfer Price in Cash Within 15 Days After the Agreement Takes Effect. Article 5: Party B Shall Remit the Transfer Price to the Account Appointed by Party A. Article 6: After This Equity Transfer, Party A’s Rights and Obligations in Shandong Xiangrui Shall Be Assumed by Party B. Party B Shall Abide and Enforce the Article of Association of Shandong Xiangrui, and Enjoy the According Rights and Assume Obligations. Article 7: The Agreement Shall Take Effect After Both Parties Executed. Article 8: This Contract Shall Be Signed in Three Copies, Which Have the Same Force, Both Parties Hold One Respectively. Party A: Shandong Ruixing Chemical Co., Ltd. (Sealed) Agent (Signature): Date: December 20, 2008 Party B: Mr. Xuchun Wang Agent (Signature): Date: December 20, 2008
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