股权并购协议英文版.docx

股权并购协议英文版.docx

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股权并购协议英文版

EquityTransferAgreement

inrespectof

CO.,LTD.

between

CO.,LTD.

（“Transferor”）

and

LTD.

（“Transferee”）

Datedthisdayof2006

ThisAgreementismadethisdayof2006byandbetween:

Co.Ltd.,acompanyestablishedinthePeople’sRepublicofChinawhoseregisteredofficeislocatedat（hereinafterreferredtoas“Transferor”）

Ltd.,acompanyestablishedinHongKongwhoseregisteredofficeislocatedat（hereinafterreferredtoas“Transferee”）

Whereas:

1.CO.,LTD.（hereinafterreferredtoasthe“JointVenture”）,aSino-foreignjointventureestablishedinthePeople’sRepublicofChinawhoseregisteredofficeislocatedat,whoseinvestorsarerespectively:

（A）TheTransferor,whoholds45%equityoftheJointVenture;and

（B）TheTransferee,whoholds55%equityoftheJointVenture.

2.TheTransferoragreestotransferitsequityinterestintheJointVenturetotheTransfereepursuanttotheprovisionsofthisAgreement.

ThetermsofthisAgreementareasfollows:

1.Interpretation

（A）Definitions

“Transferor’sequityinterestintheJointVenture”

referstotheTransferor’scapitalcontributiontotheJointVentureandalltherightsenjoyedbytheTransferorintheJointVentureinaccordancewithsuchcapitalcontribution.

“EquityTransferstipulatedinthisAgreement”

referstothetransferofequityinterestheldbytheTransferorintheJointVenturetotheTransfereepursuanttotheprovisionsofthisAgreement.

（B）Otherinterpretations

TheheadingsinthisAgreementareforeaseofreferenceonlyandshallnotaffecttheinterpretationofthecontentsofthisAgreement.

2.EquityTransfer

（A）TheTransferoragreestotransferallits【】%equityinterestintheJointVenturetotheTransfereeonthedatethatthisAgreementtakeseffect.

（B）TheTransfereeagreestotakethetransferoftheTransferor’s【】%equityinterestintheJointVenturepursuanttotheprovisionsofthisAgreementonthedatethatthisAgreementtakeseffect.

3.EquityPriceandPayment

（A）ThePartiesheretoagreethattheTransfereeshall,forthepriceofUnitedStatesDollars【】Only（US$【】million）（“TransferPrice”）,receivetheTransferor’sequityinterestintheJointVenture,andsuchTransferPricealreadyincludesallthemonieswhichshallbepaidbytheTransfereetotheTransferorpursuanttotheequitytransferstipulatedinthisAgreement.

（B）ThetermsofpaymentoftheTransferPriceshallbeasfollows:

（1）20%oftheTransferPriceshallbepaidwithinfive（5）workingdaysfromthereceiptoftherespectiveresolutionsoftheBoardofDirectorsoftheTransferorandtheTransferee;

（2）70%oftheTransferPriceshallbepaidwithinfive（5）workingdaysfromthereceiptoftherelevantgovernmentapprovals（includingbutnotlimitedto（i）theapprovalsoftheBoardofDirectorsandshareholdersoftheTransferorand（ii）theexaminationandapprovaloftherelevantgovernmentoftheStateandBeijingMunicipality;

（3）theremainingbalanceofthe10%oftheTransferPriceshallbepaidwithinfive（5）workingdaysfromthedateofissueofTZM’snewbusinesslicenceforforeign-ownedenterprise.

4.DeliveryofEquity

ThePartiesheretoagreethatthehandoverdateofequityinterestshallbethedayafterthisAgreementhasbecomeeffective.Onthehandoverdate,theauthorisedrepresentativesofthePartiesshallcompletetheformalitiesforchangeofregistrationwiththeAdministrationforIndustryandCommerceinBeijingaccordingtolaw,andshallobtainthebusinesslicenseforwhollyforeign-ownedenterpriseswithin10daysafterthisAgreementhastakeneffect.

5.JointVentureContractandArticlesofAssociationoftheJointVenture

（A）AtthesametimeofsigningofthisAgreement,theTransferorandTransfereeshall,inrespectoftheequitytransferstipulatedinthisAgreement,jointlysigntheTerminationAgreementtoterminatetheJointVentureContractoftheJointVenture（seeAppendix1ofthisAgreement）.

（B）Afterapprovalbytheoriginalexaminationandapprovalauthority,theArticlesofAssociationofthewhollyforeignownedenterprisesubmittedbytheTransfereeshallreplacetheArticlesofAssociationoftheJointVenture.

6.RepresentationsandWarrants

（A）TheTransferorrepresentsandwarrantsthat:

（1）TheTransferorisacompanyvalidlyexistingunderthelawsofthePeople’sRepublicofChinawhichenjoystheabsoluterightsandhasobtainedalltheauthorisationstoenterintoandperformthisAgreement.

（2）TheTransferorhasfullypaidupitsdueportionofthecapitalcontributiontotheJointVenturepursuanttotheprovisionsoftheJointVentureContractoftheJointVenture.

（3）TheTransferorhasthecomplete,independent,andlegitimaterightofdisposalofitsequityinterestintheJointVenturepriortothetakingeffectofthisAgreement;anditsequityinterestintheJointVentureisfreeofanylegaldefectsorrestrictionspriortothetakingeffectofthisAgreement.

（4）TheTransferorhasalreadyobtainedthefollowingapprovalsandconsentspriortothesigningofthisAgreement:

（i）TheBoardofDirectorsoftheTransferorhasapprovedtheequitytransferstipulatedinthisAgreement,andtheTransferorhasobtainedsuchresolutionoftheBoardofDirectors.

（ii）TheBoardofDirectorsoftheJointVenturehasapprovedtheequitytransferstipulatedinthisAgreement,andtheTransferorhasobtainedsuchresolutionoftheBoardofDirectors.

（5）AnywrittendocumentorinformationsubmittedbytheTransferorhereunderistrue,complete,legal,andvalid.

（6）TheTransferorisnotawareofanyfactwhichisdetrimentaltotheequitytransferstipulatedinthisAgreementbutwhichhasnotbeendisclosedtotheTransferee.

（B）TheTransfereerepresentsandwarrantsthat:

（1）TheTransfereeisacompanyvalidlyexistingunderthelawsofSingaporewhichenjoystheabsoluterightsandhasobtainedalltheauthorisationstoenterintoandperformthisAgreement.

（2）AnywrittendocumentorinformationsubmittedbytheTransfereehereunderistrue,complete,legal,andvalid.

（3）TheTransfereehasalreadyobtainedthefollowingapprovalsandconsentspriortothesigningofthisAgreement:

（i）TheBoardofDirectorsoftheTransfereehasapprovedtheequitytransferstipulatedinthisAgreement,andtheTransfereehasobtainedsuchresolutionoftheBoardofDirectors.

（ii）TheBoardofDirectorsoftheJointVenturehasapprovedtheequitytransferstipulatedinthisAgreement,andtheTransfereehasobtainedsuchresolutionoftheBoardofDirectors.

TheaforesaidrepresentationsandwarrantsshallremainfullybindingandvalidafterthesigningofthisAgreement.

7.ObligationsoftheParties

（A）ObligationsoftheTransferor:

（1）TheTransferoragreestowrite-offtherentreceivableowedbyTZMuptotheendofFebruary2004totallingRMB698,765;

（2）TheTransferoragreestowaivetherentpayablebyTZMfortheperiodfromMarch2004to15thAugust2004asstipulatedintheexistingtenancyagreement.Therefore,theTransferorwillnotissuethequarterlyinvoiceforrentpayableduringthesaidperiodtoTZM;

（3）TheTransferoragreestodelivertheequipment（seethelistsinAppendix2fordetails）toTZMfortheconsiderationofUS$1.00;and

（4）TheTransferoragreestouseitsbestendeavourandtakeallnecessaryactionstoensurethatTZMischangedfromaSino-foreignjointventuretoawholly-ownedenterprise,includingbutnotlimitedto:

（a）signingrelevantdocumentssuchastheEquityTransferAgreement,TerminationAgreement,andBoardofDirectorsResolutions,andsubmitthesametotheexaminationandapprovalauthorityforapproval;（b）procuringthatTZMshallobtainthebusinesslicenseforwholly-ownedenterprise.

（5）TheTransferorshallpromptlyinformtheTransfereeofanymatterdetrimentaltothetakingeffectofthisAgreementwhichhasoccurredormayoccurandwhichtheTransferorhasbecomeawareofduringhishandlingandpriortothecompletionofthelegalproceduresstipulatedintheforegoingclause.

（B）ObligationoftheTransferee:

toensurethatTZMshallsurrenderthePTVproductionlineandauxiliaryequipment（seethelistsinAppendix3fordetails）intheTZMfactorytotheTransferor.

（C）ThePartiesshallpromptlyprovideanydocumentorinformationwhichisrequiredforhandlingandcompletingthelegalprocedureswhichrenderthisAgreementeffectiveunlesssuchdocumentsorinformationarenotobtainablebasedontheobjectivejudgementoftheParties.

（D）NeitherofthePartiesheretoshallhinderorpassivelytreatthehandlingandcompletionofthelegalproceduresforthetakingeffectofthisAgreement.

8.Default

（A）Intheeventofanyofthefollowing:

（1）non-payment:

iftheTransfereeisunabletomakefullpaymentaccordingtothedeadlinestipulatedinclause3（B）hereof;

（2）violationofobligation:

eitherPartyheretoisinviolationoftheobligationstipulatedinClause7hereof;

（3）violationofrepresentationsandwarrants:

eitherPartyheretoisinviolationoftherepresentationsandwarrantsstipulatedinClause6hereof;

（4）terminationofcontract:

eitherPartyheretoarbitrarilyterminatesthisContractwithoutobtainingtheotherparty’swrittenconfirmationorconsent;

（5）violationofotherbusinesses:

eitherPartyheretoisinviolationofotherclausesofthisAgreementandfailstocorrectthesamewithin10daysaftertheotherpartyhasgivenawrittennotice.

thenthedefaultingpartyshallfullycompensatethenon-defaultingpartyforalllossesarisingfromitsdefault,includingbutnotlimitedtoalltheexpensesandcostsincurredbythenon-defaultingpartyforarrangingforthe