Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - China Real Estate Acquisition Corp. | f8k42810_chinareal.htm |
| EX-2.1 - SHARE EXCHANGE AGREEMENT - China Real Estate Acquisition Corp. | f8k42810ex2i_chinareal.htm |
| EX-99.2 - THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF LINDA INTERNATIONAL LIGHTING CO., LTD - China Real Estate Acquisition Corp. | f8k42810ex99ii_chinareal.htm |
Exhibit
10.1
Equity Transfer
Agreement
By
and Between
Guangzhou
Linda Electronic Co. Ltd.
(as Transferor)
and
Hong
Kong International Lighting Co. Ltd.
(as Transferee)
Dated: March 11,
2010
Translated
from Chinese
This
Agreement is entered into by the following parties on March 11,
2010:
Transferor:
Guangzhou Linda Electronic Co. Ltd.
Transferee:
Hong Kong International Lighting Co. Ltd.
Both the
Transferor and Transferee are the shareholders of Guangzhou Linda Illumination
Industrial Co., Ltd. in which Transferor holds 75% equity and Transferor holds
25% equity. In order to enhance economic benefits, based on the principle of
good faith and mutual benefit, and in accordance with the relevant laws and
regulations of the People’s Republic of China, the parties to this Agreement
have reached the following agreement through friendly consultation:
1. The
Transferee-- Hong Kong International Lighting agrees to receive the 75% equity
held by the Transferor--Guangzhou Linda Electronic Co. Ltd. by payment in
cash.
2. The
Transferee shall receive the above equity of the Transferor by payment of an
aggregate amount of HK dollar Seven Hundred and Fifty Thousand (HKD
750,000).
3. After
this agreements is effective and the Transferee pays an aggregate amount of HK
dollar Seven Hundred and Fifty Thousand (HKD 750,000) to Transferor, transferee
become proprietor shareholder of Guangzhou Linda Illumination Industrial Co.,
Ltd.
4. The
equity transfer shall be deemed to have been closed after the Transferee has
completed the formalities of amendment of registration with industry and
commerce administration with the assistance of the Transferor. And all the cost
of transfer shall be paid by Transferee.
5. When
transferee receives the ownership of equity from transferor, transferee will
adjust and promote the articles of association and relative documents, and to
register the changes.
6. The
claims and debts of Guangzhou Linda Illumination Industrial Co., Ltd before or
after the transfer shall be claimed by the company. If there is compensation to
the shareholders by law, the new shareholders shall assume the corresponding
responsibility. Shareholders’ personal claims and debts will be still taken
responsibility by themselves.
7. After
equity transfer, Transferee shall enjoy the shareholders equity and assume
obligations according to the proportion of its shareholding in the company; the
Transferor will lose their shareholder identity and shareholder
equity.
Translated
from Chinese
8. This
Agreement is signed in four originals. Each Party (Guangzhou Linda Electronic,
Hong Kong International Lighting, and Guangzhou Linda Illumination Industrial)
shall have one original, and one original shall be filed with the administration
of industry and commerce.
9. This
Agreement shall become effective as of the date when the legal representatives
(or authorized representatives) of the Parties sign and affix the company seal
to this Agreement.
Signature
Page
(No Body
Text on This Page)
|
Transferor:
|
Transferee:
|
|
|
Guangzhou
Linda Electronic Co. Ltd.
|
Hong
Kong International Lighting Co. Ltd
|
|
|
(Seal)
|
(Seal)
|
|
|
By:/s/
Shi Maolin, Shi Rong
Qin
Landan, Shi Chunfang
|
By:
/s/ Shi Maolin
|
|
|
|
|
|
|
Legal
Representative/Authorized Representative
|
Legal
Representative/Authorized
Representative
|
Dated:
March 11, 2010