Exhibit 10.2
Share Transfer Agreement
“Amendment to the agreement dated
September 30, 2006”
Transferor:
Xinhua China Ltd. (hereinafter referred to as Party A)
Address:
PMB 680, 250 H Street, Blaine, Washington, USA 98230
Legal Representative:
Xianping Wang
Transferee:
Beijing Meixinda Science & Trade Development Ltd. (hereinafter
referred to as Party B)
Address:
Rm 202, Bldg F, 8 Beidajie, Chaoyangmen, Dongchengqu, Beijing
Legal Representative:
Zhaonan Zhou
This Agreement is executed in Beijing on December 25, 2006 by Party
A and Party B.
On February 13, 2001, Beijing Boheng Business Management Ltd.
(formerly known as Beijing Dabo Investment Management Ltd. and
hereinafter referred to as “Beijing Boheng”) was
approved by the Beijing Industry & Commerce Administration
Bureau to set up a Company with Chinese capital. In January
of 2005, Party A and original shareholders Jianmin Zhou and
Hongxing Li signed a Joint Venture Management Contract in Beijing
to set up a Joint Venture Company. On May 27 of the same
year, the Beijing Industry & Commerce Administration Bureau
gave approval and a Joint Venture Enterprise was founded.
Party A legally owns 96.58% of the shareholding of Beijing
Boheng. Now, Party A intends to transfer its entire
shareholding of seventy million and five hundred thousand shares in
Beijing Boheng. The transfer of shareholding by Party A has
been agreed to by the other shareholders of Beijing Boheng and has
been approved as well by a resolution of the Board of Directors of
Beijing Boheng.
In view of Party B agreeing to accept the transfer of Party
A’s seventy million and five hundred thousand shares in
Beijing Boheng, and that the Board of Directors of Beijing Boheng
has also agreed to have Party B accept the transfer of Party
A’s seventy million and five hundred thousand shares in
Beijing Boheng, now, through friendly consultation and based on the
principle of equality and mutual benefit, this Agreement on the
transfer of Party A’s entire shareholding of seventy million
and five hundred thousand shares in Beijing Boheng has been reached
with the following terms:
1: Cost of the Transfer
Party A agrees to transfer
to Party B the seventy million and five hundred thousand shares it
owns in Beijing Boheng for RMBY 15,000,000.00, in accordance with
the terms of this Agreement;
Party B agrees to accept at this cost the transfer of the seventy
million and five hundred thousand shares Party A owns in Beijing
Boheng.
2: Time and Method of Payment
The two Par
