Attached files
Exhibit 10.4
English Translation
Confidential
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June 23, 2011
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Bloomgain Investment Limited
and
CDI CHINA, INC.
in regards to
Acquisition of 51% Interest in Pan Asia Magnesium Co., Ltd
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Addendum III to the Stock Transfer Agreement (“Addendum II”) signed by the below parties on June 23, 2011.
(1)
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Bloomgain Investment Limited,a Limited Liability Company registered in the British Virgin Islands, registered address is: OMC Chambers, P.O. Box3152, Road Town, Tortola, British Virgin Islands (“Buyer”);
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(2)
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CDI CHINA, INC.,a Limited Liability Company registered in Florida, USA, registered address is: 431 Fairway Drive, Suite 200 Deerfield Beach, FL 33441 U.S.A (“Seller”)
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Together the Buyer and Seller may be referred to as the “Parties”; “Party” refers to any one of the Parties.
Through negotiation and consultation, the Parties agrees to sign this addendum to the Pan Asia 51% stock transfer agreement (“Original Agreement”) dated March 7, 2011 and the Addendum I and Addendum II to the stock transfer agreement (“Addendum I” and “Addendum II”, respectively) of Pan Asia Magnesium Co., Ltd (“Target Company”) dated March 7, 2011.
I.
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The clause in regards to the payment time under Section 3.2 of the Agreement is hereby amended from the “15 days” to “90 days”.
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II.
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Section 4.3 of the Agreement is hereby amended from “60 days after the date of execution” to “after the date of execution, prior to August 15, 2011”.
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III.
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If there is dispute between this addendum and the Original Agreement, the Addendum I or Addendum II, this Addendum III shall prevail. This Addendum III shall act as supplementary agreement to the Agreement, and is automatically terminated at the termination of the Agreement.
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IV.
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This Addendum III shall have four copies of the same format, each party holds two copies.
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No text below
IN WITNESS WHEREOF, the parties signed this agreement dated above.
Authorized Representative
/s/ Wuliang Zhang
Bloomgain Investment Limited
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Authorized Representative
/s/ Yuwei Huang
CDI CHINA, INC.
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