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Hua Long Acquisition Agreement

Asset Purchase Agreement

Hua Long Acquisition Agreement | Document Parties: GFR PHARMACEUTICALS INC | Jianzhong Dongų | Lizheng Guo You are currently viewing:
This Asset Purchase Agreement involves

GFR PHARMACEUTICALS INC | Jianzhong Dongų | Lizheng Guo

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Title: Hua Long Acquisition Agreement
Date: 3/22/2007

Hua Long Acquisition Agreement, Parties: gfr pharmaceuticals inc , jianzhong dongų , lizheng guo
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Exhibit 10.1

Hua Long Acquisition Agreement

 

Transferor: Jianzhong Dongø (Party A)

 

ID No.: 410711650916001

Resident Address: 134 Yard, urban Jianshe Road, Xinxiang City, Henan Province

 

Transferor: Lizheng Guo (Party B)

 

ID No.: 410825681228153

Resident Address: Zuoli Village, Xiangyun Town, Wen County, Henan Province

 

Transferee: GFR PHARMACEUTICALS INC. (Party C)

Registered Location: Nevada, U.S.

Authorized Representative: Maurice Katz

 

 

Given:

 

1.   Xi’an Hualong Yutian Technology Industrial Co., Ltd. (“the Company”) is a limited liability company legally registered in Xi’an Business Administration. The register No. is 6101012413789. The registered capital is RMB1,500,000. The Company locates in D2, 8/F, No.3 Factory of Beilin Technological Industrial Zone, Beilin District, Xi’an.

 

2.   There are two natural-person shareholders in the Company, Mr. Jianzhong Dong and Mr. Lizheng Guo. Party A Mr. Jianzhong Dong hereto holds 90% while Party B Mr. Lizheng Guo holds 10% of the total capital stock of the Company respectively.

 

Herein, Party A and Party B desire to transfer 100% of their capital stock to Party C and Party C will acquire the said stock.

 

 

Upon the friendly negotiation among Party A, Party B and Party C, the three parties agree that Party A and Party B resign from the Company and Party C will undertake all the rights and obligations originally executed by Party A and Party B.

 

 

Article 1 Party A and Party B transfer to Party C 100% of their contribution to the registered capital upon the initial establishment together with all the rights and obligations (including rights and obligations regulated by laws, shareholder agreements and articles of incorporation, collectively “the transferred rights and obligations”) herein. Party C agrees to undertake the said transferred rights and obligations.

 

Article 2 The three Parties agree that the price for the above transfer is RMB1,200,000, including RMB1,080,000 for the capital stock transferred from Party A and RMB120,000 for that from Party B. All currency


 
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