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Definitions
Unlessotherwisedefinedinthisagreementandanyreferencetolegislation,thefollowingtermsandexpressionswillhavethefollowingmeanings:
1.ShareholderRights:
GiventheTransferorhassubscribedtotheregisteredcapitaloftheCorporationandisaregisteredshareholderonthecorporaterecord,ShareholderRightsmeansthebenefitofallrightsattachedoraccruingtotheregisteredcapitalpursuanttothelawsofP.R.ChinaandtheArticlesofAssociationoftheCorporation.
2.RegisteredCapital:
RegisteredCapitalmeansthetotalamountofthepaid-upcapitalcontributionsofallshareholdersoftheCorporationasregisteredwiththecompanyregistrationauthority.
3.TheTransaction:
TheTransactionmeanstheassignmentandtransferof25%equityinterestintheCorporation,whichisaSino-ForeignEquityJointVentureestablishedpursuanttothelawsofChina,beneficiallyownedbytheTransferorinfavouroftheTransferee.
4.GoverningLawsandRegulations:
GoverningLawsandRegulationsmeansalllawsandregulationsadoptedbytheGovernmentofPeople'sRepublicofChinaandallcodes,practicesandobligationsimposedbyallapplicablegoverningauthorities,inwritingorotherforms,priortoandincludingtheeffectivedateofthisAgreement,includingbutnotlimitedtoCompaniesLawofthePeople'sRepublicofChina,theLawofthePeople'sRepublicofChinaonSino-foreignEquityJointVentures,theImplementationRulesforLawofthePeople’sRepublicofChinaonChinese-ForeignEquityJointVentures,etc.
ARTICLESI-TRANSFEROFOWNERSHIP
1.PartyBshallassignandtransferuntoPartyAthe25%equityinterestintheCorporation,whichisaSino-ForeignEquityJointVentureestablishedpursuanttothelawsofChina,beneficiallyownedbyPartyB.
2.ThetransferofownershipofthePurchasedEquityInterestshallbeeffectiveasofthe___dateof_____,20__.
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