Document:

f8k040910ex10i_datastorage.htm

Exhibit 10.1

 

 

COMMON STOCK PURCHASE AGREEMENT

Private and Confidential

 

THIS COMMON STOCK PURCHASE AGREEMENT, (the “Agreement”) made as of the last executed date below (the “Effective Date”), by and among Sunrise Capital International, Inc., an entity with a principle address of Unit 2309-2310, South Tower, World Trade Centre, Huanshi Road, Guangzhou, P.R.C.  (the “Buyer”) and Belmont Partners, LLC a Virginia limited liability company with a principal address of 360 Main Street, Washington Virginia 22747 (“Seller”), and Data Storage Consulting Services, Inc. a public vehicle organized in the state of Colorado and traded under the symbol “DTAS” (the “Company”) (Buyer, Seller, and Company each a “Party” and collectively the “Parties”).

W I T N E S S E T H:

WHEREAS, the Company has fifty million (50,000,000) authorized common stock shares and 1,000,000 preferred shares authorized;

WHEREAS, the Company currently has 8,929,000 issued and outstanding common stock shares and the Seller owns a majority of the issued and outstanding capital stock of the Company; and

WHEREAS, the Buyer wishes to purchase a control block of stock consisting of  4,553,790 shares of the Company’s common stock which represents fifty-one percent (51.00%) of the capital stock of the Company (the “Stock”);

 

NOW, THEREFORE, in consideration of the mutual promises, covenants, and representations contained herein, and subject to the terms and conditions hereof, the Parties agree as follows:

1. Agreement to Purchase and Sell.  Seller will sell to Buyer and Buyer agrees to purchase the Stock in exchange for:

a) Three hundred sixty-six thousand U.S. dollars ($366,000.00) (the “Purchase Price”), to be paid to Seller according to the terms and conditions set forth in Section 3 herein;

 

b) Thirteen percent (13.00%) of the issued and outstanding common stock of the Company according to the terms and conditions set forth in Section 3(c) herein (the “Position”); and

c) Two hundred and fifty U.S. dollars ($250.00) representing Buyer’s half of the Escrow Fees to be paid by Buyer directly to the Escrow Agent on or before Closing.

 

  

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2. Closing.  On or about five (5) business days from the Effective Date (the “Closing”) the Parties shall perform,:

 

a) At Closing, the Company shall execute a resolution approving the terms of this Agreement, attached hereto as Exhibit 3;

b) Within ten (10) business days from the Closing, the Company shall deliver to Seller and Buyer, a resolution of the board of directors of the Company and Irrevocable Transfer Agent Instructions signed by an authorized officer of the Company to effectuate performance of Sections 1(b) and 3(c) of this Agreement (attached hereto as Exhibit 1 and 2) (the “Board Resolution”);

 

c) Seller shall deliver to Buyer, to the extent reasonably available to Seller, and after the full performance of Section 3(a), true and correct copies of the Company’s business, financial and corporate records including but not limited to: correspondence files, bank statements, checkbooks, minutes of shareholder and directors meetings, financial statements, shareholder listings, stock transfer records, agreements and contracts;

 

d) At Closing, Seller shall deliver a fully executed copy of this Agreement to Buyer;

e) At Closing, Company shall deliver a fully executed copy of this Agreement to Buyer and Seller;

f) At Closing, Buyer shall deliver to Seller a copy of this Agreement executed by Buyer;

g) At Closing, the board of directors of the Company shall execute a resolution appointing Buyer, or Buyer’s designee, a director and officer of the Company (the “Appointment”) attached hereto as Exhibit 4.  The officer appointment shall be immediate and the director appointment shall be effective on the tenth day following the mailing by the Company of an information statement that complies with the requirements of Section 14f-1 of the Exchange Act;

h) At Closing, Seller shall deliver to Buyer the Appointment and letters of resignation from the current directors and officers of the Company;

i) The Purchase Price (defined in Section 3(a) herein) shall be released to Seller;

j) Seller shall deliver to Buyer, as soon as practicable after the full performance of Buyer’s obligations in Sections 2(a) through 2(i) herein, the stock certificate(s) evidencing the Stock together with valid signed stock power, gold medallion guaranteed together with all documents necessary to effectuate the transfer of the shares, including by not limited to a board resolution demonstrating signature authority if shares are in the name of a legal entity.

  

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3. Payment Terms.

a) Buyer shall place a deposit of fifty thousand U.S. Dollars ($50,000.00) into an escrow account with the Escrow Agent on behalf of the Seller (the “Deposit”) on the Closing Date.  The balance of the Purchase Price (the “Balance”) shall be due and payable at Closing and upon issuance of the stock in Buyer, or Buyer’s designee(s), name (the “Maturity Date”).

b) Wire transfer of all payments hereunder shall be made on or before each payment’s respective Maturity Date by wire transfer of immediately available funds to Seller’s account as follows:

Wachovia Bank, N.A.

155 Broadview Avenue, Suite 100

Warrenton, VA 20186

SWIFT: PNBPUS33

Routing #: 051400549

Account: Belmont Partners, LLC

Acct Number:  2000049859375

c) Stock Position.

(i) In consideration of the benefits provided to the Company hereby, Company shall issue and deliver to Seller, such fully paid, non-assessable restricted shares of the Company’s common stock equal to a thirteen percent (13.00%) post Merger (as defined in Section 9 herein) ownership interest in the Company (the “Position”).  The Position shall be based on the capital structure of the Company post Merger (taking into account any and all shares issued relating to the Merger, initial contracts, and initial acquisition of any assets), post reverse stock split (if any), post initial financing (whether that initial financing be a single round or in multiple tranches over a period of time) only if the financing shall take place within 90 days following the Effective Date hereof, and after any other initial issuance of stock (including issuance to the Company’s directors and/or officers), provided such subsequent issuances, when viewed as a whole, are part of the Merger transaction.  Buyer shall take all steps necessary to fully effectuate the provisions of this Section 3.

 

 

(ii) Certificate(s) evidencing the Position shall be issued and delivered to the Seller immediately following the actions anticipated by Section 3(c)(i) herein (the “Actions”), but in no case later than eleven (11) months following the Effective Date hereof.  In the event that all Actions have not been completed by the eleventh month anniversary of this Agreement, Seller shall transfer to Buyer shares comprising the Position on that date and shall issue additional shares as necessary following completion of the Actions.

 

  

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(iii) The Parties acknowledge that the Seller is accepting the Position as consideration for entering into this Agreement and undertaking the risk of taking equity as consideration as of the effective date of this Agreement, therefore the effective date of all Shares transferred pursuant to this Section 3 shall be the Effective Date of this Agreement and shall be memorialized on the face of the certificates evidencing such shares.

d) The Parties acknowledge and agree that the Position shall be newly issued, restricted common shares of the Company.  Buyer and Company agree to accept as valid any legal opinion of Seller’s counsel regarding the removal of restrictions from the Position in a form reasonably acceptable to the Company.  In the event that, in one year from the date of the execution of this Agreement, the Position can not be sold in accordance with Rule 144 of the Securities Act of 1933, the Company agrees to include and register the shares representing the Position in the event the Company files a registration statement with the Securities and Exchange Commission.  In the event that Buyer does not provide for the removal of restrictions from the shares comprising the Position in accordance with Rule 144 upon Seller’s request (except in the event it is unlawful to do so in the reasonable opinion of Company’s counsel), or does not recognize any opinion of Seller’s counsel regarding the removal of such restrictions in a form reasonably acceptable to the Company, the Company and the Buyer, jointly and severally, shall pay to Seller liquidated damages in the amount of the bid price per share as of the one year anniversary of this Agreement (as reported by the national market on which the shares trade) multiplied by the number of shares in the Position and upon payment of the liquidated damages to Seller, the Seller shall transfer the Position to the Company.  The Parties agree that the liquidated damages hereunder are not a penalty.

e) In consideration of the benefits provided to the Company hereby, Company and Buyer agree to be jointly and severally liable for all amounts due hereunder.

4. Transfer Agent.  Until such time as the terms and conditions of Section 3(c) herein are fully performed, Buyer agrees that Pacific Stock Transfer, LLC (the “Transfer Agent”) shall act as the Company’s sole transfer agency.

5. Representations and Warranties of Seller.  Seller hereby represents and warrants, to Buyer that the statements in the following paragraphs of this Section 5 are all true and complete as of the date hereof:

a) Title to Stock.   Seller is the record and beneficial owner and has sole managerial and dispositive authority with respect to the Stock and has not granted any person a proxy that has not expired or been validly withdrawn.  The sale and delivery of the Stock to Buyer pursuant to this Agreement will vest in Buyer the legal and valid title to the Stock, free and clear of all liens, security interests, adverse claims or other encumbrances of any character whatsoever (“Encumbrances”) (other than Encumbrances created by Buyer and restrictions on resales of the Stock under applicable securities laws).

 

  

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b) Liabilities of the Company.   The Company has no liability or liabilities that have not been previously disclosed to Buyer and listed on Schedule A herein.  Notwithstanding the foregoing, the representation contained in this Section 11(b) shall terminate 24 months following the Effective Date.

c) Full Power and Authority.   Seller represents that it has full power and authority to enter into this Agreement.

6. Representations and Warranties of Buyer.   Buyer hereby represents and warrants to Seller that the statements in the following paragraphs of this Section 6 are all true and complete as of the date hereof:

a) Affidavit of Source of Funds. Prior to any transfer of funds to Seller,  Buyer shall execute an Affidavit of Source of Funds (attached hereto as Exhibit 5), which attests that the funds to be transferred are not the proceeds of nor are intended for or being transferred in the furtherance of any illegal activity or activity prohibited by federal or state laws. Such activity may include, but is not limited to: tax evasion; financial misconduct; environmental crimes; activity involving drugs and other controlled substances; counterfeiting; espionage; kidnapping; smuggling; copyright infringement; entry of goods into the United States by means of false statements; terrorism; terrorist financing or other material support of terrorists or terrorism; arms dealing; bank fraud; wire fraud; mail fraud; concealment of assets or any effort by conspiracy or otherwise to defeat, defraud or otherwise evade, any party or the Court in a bankruptcy proceeding, a receiver, a custodian, a trustee, a marshal, or any other officer of the court or government or regulatory official; bribery or any violation of the Foreign Corrupt Practices Act; trading with enemies of the United States; forgery; or fraud of any kind.  Buyer further warrants that all transfers of monies will be in accordance with the Money Laundering Control Act of 1986 as amended.

b) Exempt Transaction.   Buyer understands that the offering and sale of the Stock is intended to be exempt from registration under the Securities Act of 1933, as amended (the “Act”) and exempt from registration or qualification under any state law.

c) Full Power and Authority.   Buyer represents that it has full power and authority to enter into this Agreement.

d)  Stock.   The Stock to be purchased by Buyer hereunder will be acquired for investment for Buyer’s own account, not as a nominee or agent, and not with a view to the public resale or distribution thereof, and Buyer has no present intention of selling, granting any participation in, or otherwise distributing the same.

e) Information Concerning the Company.   Buyer has conducted its own due diligence with respect to the Company and its liabilities and believes it has enough information upon which to base an investment decision in the Stock.

 

  

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f) Investment Experience.   The Buyer understands that purchase of the Stock involves substantial risk.  The Buyer:

(i) has experience as a purchaser in securities of companies in the development stage and acknowledges that he can bear the economic risk of Buyer’s investment in the Stock; and,

 

 

(ii) has such knowledge and experience in financial, tax, and business matters so as to enable Buyer to evaluate the merits and risks of an investment in the Stock, to protect Buyer’s own interests in connection with the investment and to make an informed investment decision with respect thereto.

g) No Oral Representations.   No oral or written representations have been made other than or in addition to those stated in this Agreement. Buyer is not relying on any oral statements made by Seller, Seller's representatives, employee’s or affiliates in purchasing the Stock.

h) Restricted Securities.   Buyer understands that the Stock is characterized as “restricted securities” under the Act inasmuch as they were acquired from the Company in a transaction not involving a public offering.

i) Opinion Necessary.   Buyer acknowledges that if any transfer of the Stock is proposed to be made in reliance upon an exemption under the Act, the Company may require an opinion of counsel satisfactory to the Company that such transfer may be made pursuant to an applicable exemption under the Act.  Buyer acknowledges that a restrictive legend appears on the Stock and must remain on the Stock until such time as it may be removed under the Act.

j) Shareholder Value.   Buyer represents that Buyer intends to implement a business plan designed to return value to the shareholders of the Company.

k) Compliance.   Buyer shall comply with all applicable securities laws, rules and regulations regarding this Agreement, the Merger and all related transactions, including but not limited to filing any forms required by the U.S. Securities and Exchange Commission for the Company.

 

  

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7. Indemnification.

 

a) Indemnification. Buyer covenants and agrees it shall indemnify and hold harmless the Seller, its members, officers, directors, agents, employees, attorneys, accountants, consultants, subsidiaries, successors, affiliates and assigns (collectively the “Seller Covenantees”) from and against any and all losses, damages, expenses and liabilities (collectively “Liabilities”) or actions, investigations, inquiries, arbitrations, claims or other proceedings as a result of or relating to any breach of any of the representations, warranties, covenants or agreements made by the Buyer in this Agreement (collectively “Actions”) (Liabilities and Actions are herein collectively referred to as “Losses”).  Seller covenants and agrees it shall indemnify and hold harmless the Buyer, its members, officers, directors, agents, employees, attorneys, accountants, consultants, subsidiaries, successors, affiliates and assigns (collectively the “Buyer Covenantees”) from and against any Losses as a result of or relating to any breach of any of the representations, warranties, covenants or agreements made by the Seller in this Agreement. Losses include, but are not limited to all reasonable legal fees, court costs and other expenses incurred in connection with investigating, preparing, defending, paying, settling or compromising any suit in law or equity arising out of this Agreement or for any breach of this Agreement by the indemnifying party.  Notwithstanding the foregoing, nothing shall prevent Seller or Buyer from pursuing any remedies available enforce the Parties’ obligation under the Agreement.

8. Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia, U.S.A. without giving effect to any other choice or conflict of law provision that would cause the application of the laws of any other jurisdiction other than the Commonwealth of Virginia.

9. Merger and Exchange of Stock.  Buyer shall, as soon as practicable, effect a merger (the “Merger”), between the Company, or a wholly owned subsidiary of the Company, and a target corporation (the “Sub”).  The Company, or its wholly owned subsidiary, shall be the surviving corporation of the Merger, and shall continue unimpaired by the Merger.  Upon Merger, the Company shall succeed to and shall possess all the assets, properties, rights, privileges, powers, franchises, immunities and purposes, and be subject to all the debts, liabilities, obligations, restrictions and duties of the Sub.  A reverse acquisition transaction where the Company acquires an operating subsidiary shall be deemed a “Merger” under this section, even if a merger does not occur.

10. Term / Survival.  The terms of this Agreement shall be effective as of the Effective Date, and continue until such time as the payment of the Purchase Price and all other amounts due hereunder are fully satisfied, however; the terms, conditions, and obligations of Sections 10, 11, 15, 16, 19, 21 and 22 hereof shall survive the termination of this Agreement.

11. Successors and Assigns.  The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties, except that Buyer may not assign or transfer any of its rights or obligations under this Agreement.

12. Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement.  A telefaxed copy of this Agreement shall be deemed an original.

 

13. Headings.  The headings used in this Agreement are for convenience of reference only and shall not be deemed to limit, characterize or in any way affect the interpretation of any provision of this Agreement.

 

  

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14. Costs, Expenses. Each party hereto shall bear its own costs in connection with the preparation, execution and delivery of this Agreement.

15. Modifications and Waivers.  No change, modification or waiver of any provision of this Agreement shall be valid or binding unless it is in writing, dated subsequent to the Effective Date of this Agreement, and signed by both the Buyer and Seller. No waiver of any breach, term, condition or remedy of this Agreement by any party shall constitute a subsequent waiver of the same or any other breach, term, condition or remedy.  All remedies, either under this agreement, by law, or otherwise afforded the Buyer shall be cumulative and not alternative.

16. Severability.  If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision(s) shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision(s) were so excluded and shall be enforceable in accordance with its terms.

17. Termination.  Buyer or Seller may, upon written notice to the other party, terminate this Agreement upon their own discretion prior to any funds being released from escrow.  Upon the release of any funds from escrow, this termination clause is null and void.

18. Entire Agreement.   This Agreement constitutes the entire agreement and understanding of the Parties with respect to the subject matter hereof and supersedes any and all prior negotiations, correspondence, agreements, understandings duties or obligations between the parties with respect to the subject matter hereof.

19. Further Assurances.  From and after the date of this Agreement, upon the request of the Buyer or Seller, Buyer and Seller shall execute and deliver such instruments, documents or other writings as may be reasonably necessary or desirable to confirm and carry out and to effectuate fully the intent and purposes of this Agreement.

20. Notices. All notices or other communications required or permitted by this Agreement shall be in writing and shall be deemed to have been duly received:

a) if given by telecopier, when transmitted and the appropriate telephonic confirmation received if transmitted on a business day and during normal business hours of the recipient, and otherwise on the next business day following transmission,

b) if given by certified or registered mail, return receipt requested, postage prepaid, three business days after being deposited in the U.S. mails and

c) if given by courier or other means, when received or personally delivered, and, in any such case, addressed as indicated herein, or to such other addresses as may be specified by any such Person to the other Person pursuant to notice given by such Person in accordance with the provisions of this Section 20.

 

  

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21. Insider Trading.  Seller and Buyer hereby certify that they have not themselves, nor through any third parties, purchased nor caused to be purchased in the public marketplace any publicly traded shares of the Company.  Seller and Buyer further certify they have not communicated the nature of the transactions contemplated by the Agreement, are not aware of any disclosure of non public information concerning said transactions, and are not a party to any insider trading of Company shares.

22. Binding Arbitration.  In the event of any dispute, claim, question, or disagreement arising from or relating to this agreement or the breach thereof, the Parties hereto shall use their best efforts to settle the dispute, claim question, or disagreement. To this effect, they shall consult and negotiate with each other in good faith and, recognizing their mutual interests, attempt to reach a just and equitable solution satisfactory to both parties. If they do not reach such a solution within a period of sixty (60) days, then, upon notice by either party to the other, all disputes, claims, questions, or disagreements shall be settled by arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules including the Optional Rules for Emergency Measures of Protection, and judgment on any award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.

[Balance of Page Intentionally Left Blank]

[Signature Page Follows]

 

  

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In Witness Whereof, the Parties hereto have executed this Agreement as of the last date written below.

 

	SELLER	 	BUYER
	 	 	 	 	 
	BELMONT PARTNERS, LLC	 	SUNRISE CAPITAL INTERNATIONAL, INC.
	 	 	 	 	 
	 	 	 	 	 
	By:  Joseph Meuse, Managing Member 	 	By: Sheng Zhou
	Date:	 	 	Date:	 
	 	 	 	 	 
	 	 	 	 	 

 

 

	
COMPANY

	 	 
	 	 	 	 	 
	DATA STORAGE CONSULTING SERVICES, INC.	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:  Joseph Meuse, Director	 	 
	Date:	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

10f8k041910ex10i_apextalk.htm

     

    Exhibit
10.1

     

    
      Guangdong Yi An Investment
Consulting Co., Ltd.

      Share Transfer
Agreement

      

       

      Party  A.
Liang
Weiling            Nationality:
Chinese

      Address:  Room
2014, 20 Lishui Fang, Dongshan District, Guangzhou, China.

      

      Party B.
Chen Yu          Nationality:
Chinese

      Address:  Room
807, 439 Chepo Road, Tianhe District, Guangzhou, China.

      

      Party
C.  Apextalk Holdings, Inc.

      Registered
Address:  637, Howard Street, San Francisco, California.

      Legal
representative: Zeng Chuanda        
Nationality: Chinese

      
 

      According
to the Company Law of the
People’s Republic of China, The Law of The People's Republic of China on
Chinese-Foreign Equity Joint Ventures and Rules for Foreign Investor Merge
with Domestic Enterprise, together with
other related laws and rules.  It is agreed as follows by the parties
on the Share Transfer Agreement:

      

      Party A
is the beneficial owner of 78% of the shares of Guangdong Yi An Investment
Consulting Co., Ltd. (the “Company”); Party B is the beneficial owner of 22% of
the shares of the Company.  Parties A and B agree to sell 51% of the
Company’s issued and outstanding common shares (the “Common Shares”), which is
approved by the Company’s shareholder meeting.

      

      Party A
agrees to sell 29% of the Common Shares to Party C and give up any preemptive
rights.

      

      Party B
agrees to sell 22% of the Common Shares to Party C and give up any preemptive
rights as well. Such Shares are
collectively referred to as the Shares.

      

      
        	
                1)  

              	
                Purchase
      Price

              

      

      

      Subject
to the terms and conditions of this Agreement, Party A agrees to transfer 29% of
the Common Shares to Party C in exchange for an amount of USD 2,270,000 and
Party C agrees to accept such transfer subject to the terms above.

      

      Subject
to the terms and conditions of this Agreement, Party B agrees to transfer 22% of
the Common Shares to Party C in exchange for an amount of USD 1,730,000 and
Party C agrees to accept such transfer subject to the terms above.

      

      Party C
represents that such transfer will be approved by the Board of Party C. Party C
further represents that, subject to the terms of Section (1) of this Agreement,
the payment for such shares will be wire transferred to the designated bank
accounts of Party A and Party B within ninety (90) days after the renewal of
Party C’s business license, of which USD 2,270,000 shall be wire transferred to
Party A’s account and USD 1,730,000 shall be wire transferred to Party B’s
account.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
 

      
        	
                2)  

              	
                Representations
      and Warranties

              

      

      

      As of
November 30, 2009, all of the Company’s assets and liabilities had been duly
audited and confirmed by Party A, Party B and Party C.

      

      Party A
and Party B represent and warrant that they have the ownership of and full legal
rights to the Shares transferred to Party C.  Party A and Party B
further ensure that the Shares are free from any pledge, liens and encumbrances
and are not subject to any third-party claims or litigations. Party A and Party
B will assume all the economic and legal liabilities if the above
representations and warranties are breached.

      

      Party A
and Party B also agree to give up all the preemptive rights.

      

      
        	
                3)  

              	
                Percentage
      of Funding and the Allocation of the Company’s Debts and
      Liabilities

              

      

      

      Following
the effective date of this Agreement, the Company will be changed into a joint
venture and Party A and Party C will enter into a new joint venture agreement
and Articles of Association.  Party A will provide 49% of the funding,
or RMB 24,500,000. Party C will provide 51% of the funding, or RMB 25,500,000.
Party A and Party C will share the interests, risks and losses of the Company in
accordance with their ownership percentage.

      

      
        	
                4)  

              	
                Defaulting

              

      

      

      
        	
                a.  

              	
                In
      the event that either Party fails to perform any of its obligations
      hereunder or the representations and warranties of the Defaulting Party
      are untrue or inaccurate, the Defaulting Party shall reimburse the
      non-defaulting party for losses arising from such breach suffered by the
      non-defaulting party.

              

      

      
        	
                b.  

              	
                If
      Party C fails to pay the purchase price in accordance with the terms of
      this Agreement, Party shall pay a penalty fee equaling to 0.2% of the
      purchase price for each delaying
day.

              

      

      

      
        	
                5)  

              	
                Termination
      and Amendment

              

      

      

      Upon
occurrence of one of the following events, either party can
amend or terminate this Agreement, however, such amendment or termination shall
be in written form signed by all three parties and approved by relevant
government agencies.

       

      
        	
                a.  

              	
                Act
      of God, or any other unavoidable external factors caused without the fault
      of any party, which renders the performance of this Agreement
      impossible.

              

      

      
        	
                b.  

              	
                Release
      of this Agreement as agreed upon by all the Parties.

              

      

      

      
        	
                6)  

              	
                Governing
      Law and Jurisdiction

              

      

      

      
        	
                a.  

              	
                This
      Agreement shall be governed by and construed in accordance with the laws
      of the People’s Republic of China.

              

      

      
        	
                b.  

              	
                All
      disputes arising out of or in connection with this Agreement shall first
      be resolved through negotiations by the Parties.  If such
      disputes are not resolved by negotiation, any Party may file a lawsuit at
      China International Economic and Trade Arbitration Committee to resolve
      such dispute.  The result will be final and binding on all
      Parties.

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      
        	
                7)  

              	
                Effectiveness
      of this Agreement

              

      

      

      This
Agreement shall be signed and sealed by the authorized representative of Party
A, Party B and Party C, and approved by the relevant authority.  A
transfer registration shall also be consummated with the registration authority
within 30 days.

      

      
        	
                8)  

              	
                Miscellaneous

              

      

      

      
        	
                a.  

              	
                This
      Agreement is executed in eight (8) copies, each Party shall hold one set
      and the remaining shall be reserved by relevant authorities.

              

      

      
        	
                b.  

              	
                This
      Agreement is signed by Party A, Party B and Party C at Guangzhou on
      December 16, 2009.

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