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Agreement on Investment
Party A : Jinan Yinquan Technology Co.,Ltd. (hereafter
referred as Yinquan)
Party B: Beijing PowerUnique Technologies Co.,Ltd.
(hereafter referred as BPUT)
Where as,
(1)
The info security market is virgin and with great
potential;
(2)
BPUT is equipped with a good team, advanced info
security technologies and products, which allows them extensive
sales channels and a better development prospect;
(3)
BPUT has mature market channels (with many
distributors in most provinces),and their clients are also
compatible with Yinquan’s services;
(4)
Both the Board of Directors of Yinquan and BPUT
reached an agreement on the acquisition terms.
In accordance with the provisions in relevant laws
of PRC, both parties mentioned above have obtained appropriate
authorization to sign and execute this agreement. Both parties
shall bear binding obligations stipulated in relevant terms during
the execution. Based on consensus, both parties agree
followings:
1. Both parties agree that Yinquan invest
RMB4,000,000 to BPUT, after the investment, the registered capital
of BPUT will increase to RMB5,000,000, while Yinquan possesses 80%
shares of BPUT.
2. The original shareholders and Board of
Directors agree to transfer another 20% shares to Yinquan at
appropriate time. The acquisition shall be according to the
evaluation of the thi
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