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EX-10.2Weida Communications Stock Transfer Memo As of 8/26/2004

Stock Transfer Agreement

EX-10.2Weida Communications Stock Transfer Memo
As of 8/26/2004 | Document Parties: WEIDA COMMUNICATIONS, INC | Guangzhou Weida Communications Group LTD You are currently viewing:
This Stock Transfer Agreement involves

WEIDA COMMUNICATIONS, INC | Guangzhou Weida Communications Group LTD

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Title: EX-10.2Weida Communications Stock Transfer Memo As of 8/26/2004
Date: 9/2/2004
Industry: Misc. Financial Services     Sector: Financial

EX-10.2Weida Communications Stock Transfer Memo
As of 8/26/2004, Parties: weida communications  inc , guangzhou weida communications group ltd
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Exhibit 10.2

 

Weida Communications Stock Transfer Memo

As of 8/26/2004

 

This memo is to serve as notice that Weida Communications Inc., will upon completion of the following issues transfer to the Guangzhou Weida Communications Group LTD shares of Weida Communications Inc. in accordance with the amount specified in the Master agreement of 16,296,296 where as this memo and the master agreement presides over all other agreements.

 

Completion of the WOFE changes as submitted to Guangzhou Weida:

1)               As per our previous July 2004 meeting, it was agreed that the Board of Directors would be comprised of 5 (five) members, not 3 (three).  This must be corrected.

2)               The term of the members of the Board of Directors should be 4 (four) years, not 3 (three), in order to comply with PRC law.

3)               There will be no unanimous votes required by the Board of Directors.  Any and all votes by the Board of Directors will be by majority consent.

4)               There will be


 
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