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PROXY AGREEMENT

Proxy Agreement

PROXY AGREEMENT | Document Parties: BIRCH BRANCH INC | ANYANG SHUNCHENG ENERGY TECHNOLOGY CO, LTD You are currently viewing:
This Proxy Agreement involves

BIRCH BRANCH INC | ANYANG SHUNCHENG ENERGY TECHNOLOGY CO, LTD

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Title: PROXY AGREEMENT
Date: 7/2/2010
Industry: Misc. Financial Services     Sector: Financial

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 Exhibit 10.3

 


 

 

SHAREHOLDERS' VOTING

 

PROXY AGREEMENT

 

BETWEEN

 

WANG XINSHUN

 

WANG XINMING

 

CHENG JUNSHENG

 

AND

 

ANYANG SHUNCHENG ENERGY TECHNOLOGY CO., LTD.

 

 

ANYANG, CHINA

 

 


 

Shareholders’ Voting Proxy Agreement

 

This Shareholders’ Voting Proxy Agreement (the “ Agreement ”) is entered into as of 19 March 2010 between the following parties in Anyang:

 

Party A:

 

1     Wang Xinshun, a citizen of PRC with ID Card number of , owns 60% shares of Henan Shuncheng Group Coal Coke Co., Ltd. ;

 

2           Wang Xinming, a citizen of PRC with ID Card number of , owns 20% shares of Henan Shuncheng Group Coal Coke Co., Ltd. ;

 

3           Cheng Junsheng, a citizen of PRC with ID Card number of , owns 20% shares of Henan Shuncheng Group Coal Coke Co., Ltd. ;

 

and,

 

Party B:

 

Anyang Shuncheng Energy Technology Co., Ltd.

Registered Address: Tongye Town, Anyang County

Legal Representative: Wang Jiankai

 

In this Agreement, Party A and Party B are called collectively as the “Parties,” and each of them is called as the “Party”. Party A is collectively called the “Grantors” and respectively called “Each of the Grantors”.

 

WHEREAS :

 

1

Party B is a wholly foreign-owned enterprise incorporated under the laws of the People’s Republic of China;

 

2

As of the date of this Agreement, the Grantors are shareholders of Henan Shuncheng Group Coal Coke Co., Ltd.(the “ Opco ”) and collectively legally hold all of the shares of Opco;

 

3

Each of the Grantors desires to appoint the persons designated by Party B to exercise its shareholder’s voting rights at the shareholders’ meeting of Opco (“ Voting Rights ”) and Party B is willing to designate such persons.

 

NOW THEREFORE, the Parties hereby have reached the following agreement upon friendly consultations:

 

-1-



 

Article 1.

Each of the Grantors hereby agrees to irrevocably appoint the persons designated by Party B with the exclusive right to exercise, on his behalf, all of his Voting Rights in accordance with the laws and Opco’s Articles of Association, including but not limited to the rights to sell or transfer all or any of his shares of Opco, and to appoint and elect the directors and Chairman as the authorized legal representative of Opco.

 

Article 2.

The persons designated by Party B shall be the full board of Party B (the “ Proxy Holders ”). All Parties agree that all members of board of directors of Opco shall be nominated and appointed by the Proxy Holders according to the direction of Party B.

 

Article 3.

Par


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