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Share Transfer Agreement between
Beijing Lihe Jiahua Technology and Trading Company
Ltd..
And
Global Telecom Holdings Limited
Transferor: Li Han Guang
(Shareholder of Beijing Lihe Jiahua Technoiogy and Trading Company
Ltd. "Lihe" )
Transferee: Global Telecom Holdings Limited
(“GTHL”)
(wholely-owned Enterprise of Guangzhou Global Telecom,
Inc..)
Whereas,
this share transfer agreement (hereinafter referred to
"Agreement") is contracted by the above parties on April 7,
2008. The transferor above is willing to transfer its shares
of Beijing Lihe Technology and Trading Company Ltd. ("Lihe")
to the transferee according to the
terms and conditions of this Agreement, and the transferee
agrees to be transferred of the target share.
NOW,
THEREFORE, the parties agree as follows:
1.
Li Hanguang the transferor agrees to transfer 50% of its total
authorized shares to the transferee.
2.
Terms and conditions
2.1The
paid up by the transferee to acquire the 50% is 1.5 million shares
of Guangzhou Global Telecom Inc. (OTC Bullion
Board:GZGT)
2.2
RMB 200,000 cash will be invested into Lihe for
business operation.
2.3
Lihe management team shall remain the right to manage and maintain
all current business transaction and activities.
3.
Representation and Warrants
3.1 Lihe must be clear of all outstanding loans or liabilities to
all parties inclusive of banks before acquisition can be
completed.
3.2
The transferors guarantee that the transfer of t
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