Document:

Exhibit 4.41

 

LOAN AGREEMENT

 

among

 

Column A

(“Borrower”)

 

and

 

SHANGHAI RAMPAGE SHOPPING CO., LTD.

(“Rampage Shopping”)

 

and

 

RAMPAGE TRADING (SHANGHAI) CO., LTD.

(“Lender”)

 

Dated Column B

 

 

This LOAN AGREEMENT (this “Agreement”) is made on Column B in                     , the People’s Republic of China (“China”) by and among the following parties:

 

(A).                            Column A (“Borrower”), a citizen of China with Chinese Identification No.:  Column C whose address is Column D;

 

(B).                            Shanghai Rampage Shopping Co., Ltd. (“Rampage Shopping”), a domestic limited liability company organized and existing under the laws of China having its registered address at Room 2084, C, Building 7, No.2 Guanshan Road, Chenqiao Town, Chongming County, Shanghai, China; and

 

(C)                               Rampage Trading (Shanghai) Co., Ltd. (the “Lender”), a foreign invested enterprise organized and existing under the laws of China having its registered address at Room 2098, C, Building 3, No.8 Xiushan Road, Chongming County, (Chongming Industrial Zone) , Shanghai, China.

 

The Borrower, the Lender, and Rampage Shopping shall hereinafter be referred to individually as a “Party” and collectively as “Parties.”

 

RECITALS

 

The Borrower borrowed a total amount of Column E from the Lender on Column B (the “Loan Date”), for the sole purpose of his capital contribution for Column F of the equity interest of Rampage Shopping (the “Interests”).

 

Rampage Shopping is a company with a duly approved business scope of   clothing, office supplies, computers, furniture, merchandise sales, delivery service (letter or items like letter excluded), design, production of various types of advertisements, advertising via its own media in China (the “Business”).  The Parties intend to enter into several other agreements to advance Rampage Shopping’s Business. The Parties intend to secure all payments due to the Lender under each of these agreements by executing an Equity Pledge Agreement (the “Equity Pledge Agreement”) through which the Borrower pledges his equity interests in Rampage Shopping as collateral for all payments due under this Agreement and the aforementioned other agreements.  Additionally, the Borrower intends to enter into an exclusive purchase option agreement to grant an exclusive option to the Lender to purchase the Interests (the “Exclusive Purchase Option Agreement”).  The Parties further intend that this loan shall be consideration for the Lender’s purchase of the Interests from the Borrower.

 

Therefore, the Parties agree as follows:

 

ARTICLE I.
 DEFINITIONS AND INTERPRETATIONS

 

1.1                               Definitions.  Unless otherwise provided, the expressions below shall have the following meanings throughout this Agreement:

 

“Business” shall have the meaning set forth in Recitals.

 

“CIETAC” shall mean the China International Economic and Trade Arbitration Commission.

 

“China” shall mean the People’s Republic of China.

 

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“Default Interest” shall have the meaning set forth in Section 12.3.

 

“Encumbrance” shall mean any lien, encumbrance, hypothecation, right of others, proxy, voting trust or similar arrangement, pledge, security interest, collateral security agreement, mortgage, objection, title defect, title retention agreement, option, restrictive covenant, restriction on transfer, right of first refusal or first offer, or any comparable interest or, of any nature whatsoever.

 

“Equity Pledge Agreement” shall have the meaning set forth in the Recitals.

 

“Event of Default” shall have the meaning set forth in Section 12.1.

 

“Exclusive Purchase Option Agreement” shall have the meaning set forth in the Recitals.

 

“Government Licenses” shall mean all licenses, permits, approvals, permissions, consents, waivers or registrations required or issued by a government authority of China.

 

“Interests” shall have the meaning set forth in Recitals.

 

“Loan” shall have the meaning set forth in Section 2.1.

 

“Loan Date” shall have the meaning set forth in the Recitals.

 

“Material Adverse Effect” shall mean any change or effect (or aggregation of changes and effects) that is materially adverse to the business, financial condition, assets, liabilities, operations, or prospects of Rampage Shopping.

 

“Note” shall have the meaning set forth in Section 2.2.

 

“Principal Agreements” shall mean this Agreement, the Exclusive Purchase Option Agreement, Exclusive Business Cooperation Agreement and the Power of Attorney (set forth on Schedule 1 of the Equity Pledge Agreement).

 

“RMB” shall mean Renminbi, the official currency of China.

 

“Term” shall have the meaning set forth in Section 5.1.

 

1.2                               Headings.  The headings in this Agreement are for convenience only and shall not affect the construction of the Agreement.

 

1.3                               Interpretation.  Unless otherwise provided, the words, expressions, and references below shall have the following meanings:

 

(a)                                 References to the sections and schedules of this Agreement include any amendments to them that may occur from time to time.

 

(b)                                 References to this Agreement or any other agreement or document include any amendments, notations, or supplements to the agreements or documents that may occur from time to time.

 

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(c)                                  References to any statute or statutory provision include any amendments, extensions, consolidations, or replacements pertaining to the statute or provision and any statute or provision that amends, extends, consolidates, or replaces the statute or provision, and shall also include any orders, regulations, instruments, or other subordinate legislation made under the relevant statute or provision.

 

(d)                                 Words denoting the singular include the plural and vice versa.

 

(e)                                  References to a “Person” include individuals, firms, partnerships, joint ventures, companies, corporations, unincorporated bodies of Persons, states, and any agencies of states and their assigns, transferees, or successors in title.

 

(f)                                   The words “including” and “in particular” simply illustrate or emphasize certain terms within a provision and they shall not limit any provision in any way.

 

ARTICLE II.
 LOAN

 

2.1                               The Parties hereby acknowledge that the Lender has made available to the Borrower a loan in the principal amount of Column E (the “Loan”) on the Loan Date.

 

2.2                               The Borrower shall execute and deliver a promissory note substantially in the form of Exhibit A (the “Note”) to the Lender dated even date herewith.  The Note shall represent the obligation of the Borrower to repay the Loan.

 

ARTICLE III.
 PURPOSE

 

3.1                               The Borrower hereby acknowledges that the proceeds from the Loan have been used exclusively as contribution of his registered capital to Rampage Shopping.  The Borrower undertakes not to use the Loan for any purpose other than as set forth herein without the Lender’s prior written consent.

 

ARTICLE IV.
 INTEREST

 

4.1                               Except as set forth in Section 12.3, the Loan under this Agreement shall be interest free.

 

ARTICLE V.
 TERM OF THE LOAN

 

5.1                               Term of the Loan.  The term of the Loan shall be ten (10) years from the date of this Agreement, which may be extended upon mutual written consent of the Parties (the “Term”).

 

ARTICLE VI.
 REPAYMENT AND PREPAYMENT

 

6.1                               Repayment.  The Parties agree that the repayment of the Loan shall only be made by the Borrower of his successors or assigns transferring all Interests held by him at the time of repayment to the Lender or to the Lender’s designated natural or legal Persons in accordance with the

 

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Exclusive Purchase Option Agreement. The Parties further agree that the transfer price for such Interests to be paid by the Lender or its designated natural or legal Persons shall be mutually set off against the outstanding amount of the Loan under this Agreement, to the extent permitted by applicable law. Once the Borrower has transferred all the Interests held by him at the time of repayment to the Lender in accordance with the Exclusive Purchase Option Agreement, it shall be deemed to have fully paid off the Loan to the Lender.

 

6.2                               Prepayment.  The Borrower shall not make any prepayment without the Lender’s prior written approval.

 

ARTICLE VII.
 CHANGES IN CIRCUMSTANCES

 

7.1                               Illegality.   If it is or becomes illegal in China for the Lender to continue to make the Loan under this Agreement to the Borrower, the Lender may demand immediate repayment of the principal amount of the Loan and promptly notify the Borrower of such demand.  The Borrower shall prepay the principal amount of the Loan to the Lender immediately upon receiving the Lender’s demand for repayment of the Loan.  The Lender may also assign the Loan to any third party who may continue to make the Loan to the Borrower.  Prior to making any demand under this Section 7, the Lender will take reasonable steps to establish alternatives to demanding immediate prepayment as may be available to the Lender, including effecting a transfer of the Loan to an affiliate of Rampage Shopping.   Such alternative measures will be adopted solely at the discretion of the Lender, provided that in the opinion of the Lender, the adoption of such alternative will not have any adverse effect on the Lender.

 

7.2                               Notification.  Any notification or demand issued by the Lender under this Section 7 will contain reasonable details, and shall be conclusive and binding upon the Borrower in the absence of any manifest error.

 

ARTICLE VIII.
 EQUITY PLEDGE

 

8.1                               Equity Pledge.  The Borrower shall irrevocably and unconditionally pledge the Interests to the Lender pursuant to the Equity Pledge Agreement signed among the Borrower, Rampage Shopping and the Lender dated even date herewith.

 

8.2                               Notarization.   The Borrower and the Lender shall duly register the pledge of the Interests with a Chinese Public Notary in accordance with Section 4.3 of the Equity Pledge Agreement and take all further actions requested by the Lender to register or perfect such pledge.

 

ARTICLE IX.
 REPRESENTATIONS AND WARRANTIES

 

9.1                               Acknowledgement of Reliance.   The Borrower hereby acknowledges that the Lender has entered into this Agreement in full reliance upon the representations and warranties made under this Section 9.

 

9.2                               Representations and Warranties.  The Borrower represents and warrants to the Lender as follows:

 

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(a)                                 the Borrower has the legal capacity to execute and perform this Agreement. The Borrower has obtained all necessary  and proper approvals and authorizations for the execution and  performance of this Agreement;

 

(b)                                 this Agreement constitutes the Borrower’s legal, valid and binding obligations enforceable in accordance with its terms;

 

(c)                                  the Borrower is not currently engaged in any disputes, litigation, arbitrations, administrative  proceedings, or any other legal proceeding; nor is the Borrower subject to any potential disputes,  litigation, arbitration, administrative proceedings, or any other legal proceeding;

 

(d)                                 the information, exhibits, and reports furnished by the Borrower to the Lender in connection with this Agreement and collateral documents are true and accurate in all material respects; such information, exhibits, and reports are not misleading, do not omit material facts, and the Borrower has made all reasonable inquiries to verify the facts and statements contained therein;

 

(e)                                  the Borrower has fully disclosed in writing to the Lender all facts relating to the Borrower, which the Borrower knows or should reasonably know are material to the Lender in the context of this Agreement;  and

 

(f)                                   there has not been any occurrence of any event that may have a Material Adverse Effect on Rampage Shopping or its Business.

 

9.3                               Repetition.  The representations and warranties set out in Section 9.2 of this Agreement shall continue after the execution of this Agreement, and shall be deemed to be true and effective throughout the Term of this Agreement and the other Principal Agreements.

 

ARTICLE X.
 AFFIRMATIVE COVENANTS

 

10.1                        During the Term of this Agreement, the Borrower irrevocably covenants to the following:

 

(a)                                 the Borrower shall abide by the provisions of this Agreement and perform all obligations under the other Principal Agreements, and refrain from any  action or omission that may affect the viability or  enforceability of this Agreement or any of the other Principal Agreements;

 

(b)                                 the Borrower shall provide the Lender with all relevant business information concerning the Business and financial condition of Rampage Shopping at the Lender’s request;

 

(c)                                  the Borrower shall appoint or remove any Persons designated by the Lender as directors or officials of Rampage Shopping upon the Lender’s request; and

 

(d)                                 the Borrower shall ensure that Rampage Shopping remains exclusively engaged in its current Business unless otherwise instructed by the Lender.

 

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ARTICLE XI.
 NEGATIVE COVENANTS

 

11.1                        The Borrower irrevocably covenants that he shall not:

 

(a)                                 cause the shareholders meeting or the board of directors of Rampage Shopping to  approve the merger or consolidation of Rampage Shopping with any  Person or business entity of any kind, the acquisition of any business enterprise, or investment in any Person or business enterprise, without  the prior written consent of the Lender;

 

(b)                                 approve, cause or allow Rampage Shopping to  declare the bankruptcy, insolvency, liquidation or dissolution of Rampage Shopping without  the prior written consent of the Lender;

 

(c)                                  act or omit to act in any manner that may have a material impact upon  the assets, business, and liabilities of Rampage Shopping without the prior written consent of the Lender; or

 

(d)                                 engage directly or indirectly in any business activities which compete with those of the Lender other than operating Rampage Shopping within the scope of its current Business.

 

11.2                        The Borrower agrees that the rights acquired by the Lender in accordance with this Agreement shall not be interrupted or harmed by the Borrower or any of his heirs or representatives through any legal proceedings.

 

ARTICLE XII.
 DEFAULT, RIGHTS AND REMEDIES

 

12.1                        Event of Default.  Any of the following shall constitute an event of default (“Event of Default”) under this Agreement:

 

(a)                                 the Borrower fails to immediately repay the Loan or perform any of his obligations under this Agreement or any of the other Principal Agreements upon the request of the Lender;

 

(b)                                 Cross-default:

 

(i)                                     any indebtedness of the Borrower, including those under any of the Principal Agreements, is declared or becomes due and payable prior to its maturity;

 

(ii)                                  any indebtedness of the Borrower, including those under any of the Principal Agreements, is not paid when due; or

 

(iii)                               any creditor or creditors of the Borrower, including those under any of the Principal Agreements, becomes entitled to declare any such indebtedness due and payable prior to its maturity;

 

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(c)                                  a creditor or holder attaches or takes possession of the assets of the Borrower or causes a distress, execution, sequestration, or other process to be levied or enforced against any of the assets of the Borrower;

 

(d)                                 the declaration of any administrative or judicial proceedings, judgment, order, or decisions against the Borrower;

 

(e)                                  the Borrower stops or suspends payment of his debts or is unable or admits inability to pay his debts as they fall due or commences negotiations with one or more of his creditors with a view to the readjustment or rescheduling of all or part of its indebtedness or proposes or enters into any composition or other arrangement for the benefit of its creditors generally or any class of creditors;

 

(f)                                   the commencement of any proceedings in relation to the Borrower under any law, regulation or procedure relating to reconstruction or readjustment of debts; or

 

(g)                                  the Borrower takes any action or any legal proceedings are started or other steps taken for (i) the Borrower to be adjudicated or found bankrupt or insolvent, (ii) the appointment of a liquidator, administrator, trustee, receiver or similar officer of the Borrower or the whole or any part of his undertaking, assets, rights or revenues or (iii) the enforcement of any Encumbrance over all or any part of the assets of the Borrower.

 

12.2                        Acceleration.  Upon the occurrence of any Event of Default specified in Section 12.1 above, the Loan shall automatically become immediately due and payable together with all Default Interest accrued and all other obligations payable under this Agreement without any notice.

 

12.3                        Default Interest.

 

(a)                                 Upon the occurrence of any Event of Default, the Borrower shall pay a default interest (“Default Interest”) on the Loan from May 18, 2010 until the date of the occurrence of the Event of Default at a rate of 1.5% per annum, or at another legally permitted rate determined by the Lender at its sole discretion.

 

(b)                                 For the purpose of this Section 12.3, upon the occurrence of any Event of Default, the Lender will declare in the Notice of Default the amount of Default Interest and the due date for the payment of the Default Interest.

 

(c)                                  Any Default Interest payable under this Section 12.3 which is not paid when due according to the Notice of Default shall be added to the overdue sum and bear Default Interest accordingly.

 

12.4                        Notwithstanding the remedies provided in Sections 12, the Lender may exercise any other remedies, which may be available under this Agreement and the Principal Agreements or the applicable law upon the occurrence of any Event of Default.

 

ARTICLE XIII.
 NOTICES

 

13.1                        Each notice or other communication to be given under this Agreement shall be given in written English or Chinese, and shall be made by telex, fax, or letter.  Each notice,

 

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communication or other document to be delivered to any Party shall be made or delivered to the Party’s address or fax number as set out below:

 

(a)                                 To the Borrower:

 

Address: Column G

Tel: (86 21) 64950500 ext Column H

Fax: (86 21) 6490508

Attention:  Column A

 

(b)                                 To the Lender:

 

Address: Room 2098, C, Building 3, No.8 

Xiushan Road, Chongming County,

(Chongming Industrial Zone) , Shanghai,

China

Tel: (86 21) 64950555

Fax: (86 21) 64950508

Attention: Zhang Bang

 

(c)                                  To Rampage Shopping:

 

Address: Room 2084, C, Building 7, No.2

Guanshan Road, Chenqiao Town, Chongming

County, Shanghai, China

Tel: (86 21) 64950555

Fax: (86 21) 64950508

Attention: Zhang Bang

 

ARTICLE XIV.
 ASSIGNMENTS AND TRANSFERS

 

14.1                        The Borrower shall not assign or delegate its rights and obligations under this Agreement without the Lender’s prior written consent.

 

14.2                        The Lender may assign any or all of its rights and obligations under this Agreement.  Any such assignee shall have all of the Lender’s rights and obligations under this Agreement as if it were the original party to this Agreement. If the Lender assigns its rights and obligations under this Agreement, the Borrower shall promptly execute all agreements or other documents necessary to perfect such assignment upon the Lender’s request.

 

14.3                        This Agreement shall be binding upon the Borrower and his successors and any assignees permitted by the Lender, and it shall be enforceable by the Lender and each of its successors and assignees.

 

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14.4                        In the event that the Lender undergoes restructuring for any reason, the Borrower shall execute a new agreement with the newly restructured the Lender on the same terms and conditions as this Agreement at the request of the Lender.

 

ARTICLE XV.
 CONFIDENTIALITY

 

15.1                        Each Party hereto agrees to treat information relating to the existence and all material aspects of the transactions contemplated hereby and/or contained herein that is provided to such party by another party or its representatives, as confidential information and agrees not to disclose such information to any Person without the prior written consent of the disclosing Party, except that each Party may disclose such confidential information (i) to its attorneys, accountants, advisors and consultants, provided such persons are subject to confidentiality obligations, (ii) on a need-to-know basis, to its affiliates, and their employees, officers and directors provided such persons are subject to confidentiality obligations, (iii)  any applicable government authority as required by applicable laws or as appropriate to ensure that all Government Licenses of Rampage Shopping continue in effect and are not in danger of being suspended, terminated or not renewed, and (iv) as otherwise required by applicable laws. Prior to any disclosure under (iii) or (iv) above, the disclosing Party shall have notified the other Parties of the disclosing Party’s intention to make such disclosure and the contents thereof.

 

15.2                        This Section 15 shall survive for a period of two years following the termination of this Agreement.

 

ARTICLE XVI.
 GOVERNING LAW AND SETTLEMENT OF DISPUTES

 

16.1                        Governing Law.  This Agreement, including the validity hereof and the rights and obligations of the Parties hereunder, shall be construed in accordance with and governed by the laws of China.

 

16.2                        Settlement of Disputes.  In the event that a dispute arises in connection with this Agreement, and the Parties cannot resolve the dispute through good faith discussions, either Party shall submit the dispute to arbitration before the Shanghai branch of China International Economic and Trade Arbitration Commission (“CIETAC”) according to the rules of arbitration as administered by the CIETAC at the time.  There shall be a single arbitrator.  If the Parties do not agree to appoint an arbitrator who has consented to participate within twenty (20) days after the issuance of a notice of arbitration by any Party hereto, CIETAC shall appoint an arbitrator.  Arbitration proceedings shall be in English and shall take place in Shanghai, China.  The arbitration decision shall be final and binding upon the Parties.

 

ARTICLE XVII.
 AMENDMENTS AND WAIVER

 

17.1                        Amendment.  This Agreement may not be modified or amended except by a writing signed by the Lender.

 

17.2                        No Implied Waivers.  The rights of the Lender under this Agreement may be exercised as often as necessary, are in addition to any rights under law, and may not be waived except specifically in a writing signed by the Lender.  The Lender’s delay in exercising any right is not a waiver of such right.

 

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ARTICLE XVIII.
 MISCELLANEOUS

 

18.1                        Further Assurance.  The Borrower agree to execute and deliver such further documents and do such other acts and things as the Lender may reasonably request in order to fulfil the obligations of the Borrower under this Agreement and protect the Lender’s interests.

 

18.2                        Entire Agreement.  This Agreement, the Note, the Equity Pledge Agreement and the other Principal Agreements constitute the entire Agreement between the Parties hereto in relation to the Loan and supersede all previous proposals, agreements, or other written or oral communications.  The Exhibit referred to herein is incorporated in this Agreement by reference and constitute an integral part of this Agreement.

 

18.3                        Termination.  This Agreement shall become effective on the date it is executed.  This Agreement may be terminated by the Lender at its sole discretion.

 

18.4                        Severability and Replacement.  In the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

18.5                        Languages.  This Agreement shall be written in English and Chinese.  Each Party shall have one equally valid copy of the Agreement in each language.  Both languages shall be equally effective.  In case of any discrepancies between the two languages, the English version shall prevail.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS whereof the Parties hereto have caused this Agreement to be duly executed by their authorised representatives on the date set out above.

 

 

Lender: RAMPAGE TRADING (SHANGHAI) CO., LTD.

 

[seal: Rampage Trading (Shanghai) Co., Ltd.]

 

 

	
Borrower:
    	
Column A
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Column A
    	
 
    
				

 

 

Rampage Shopping: Shanghai Rampage Shopping Co., Ltd.

 

[seal: Shanghai Rampage Shopping Co., Ltd.]

 

 

Exhibit A   Promissory Note

 

FOR VALUE RECEIVED, Column A, a Chinese citizen (the “Borrower”), hereby unconditionally promises to pay to the order of RAMPAGE TRADING (SHANGHAI) CO., LTD., a Chinese foreign invested company, or its assignee(s) (collectively, the “Lender”), the principal sum of Column E, as the principal amount under the loan (“Loan”).

 

1.                                      Maturity:  The Loan shall become due and payable in full ten (10) years from the date of the execution of this note.  The Loan may be renewed pursuant to the Loan Agreement executed between the Lender and the Borrower as of Column B (the “Loan Agreement”).

 

2.                                      Default and Remedy:  Upon the occurrence of any Event of Default specified in the Loan Agreement, the Loan shall automatically become immediately due and payable together with all Default Interest (as defined in the Loan Agreement) accrued and all other obligations payable under the Loan Agreement without any notice.

 

 

	
By:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Name:
    	
Column A
    	
 
    
	
 
    	
 
    	
 
    
	
Date:
    	
 
    	
 
    

 

 

	
 
    	
 
    	
Column A
    	
 
    	
Column B
    	
 
    	
Column C
    	
 
    	
Column D
    	
 
    	
Column E
    	
 
    	
Column F
    	
 
    	
Column G
    	
 
    	
Column H
    
	
1
    	
 
    	
Zhang Bang
    	
 
    	
May 18, 2010
    	
 
    	
3205021968 04142031
    	
 
    	
Room 1408, No.29, Shui Yin Road, Yue Xiu District, Guangzhou,   China
    	
 
    	
RMB  1,000,000
    	
 
    	
50
    	
%
    	
No.53, Lane   89, Yehui Road, Zhaoxiang Town,Qingpu District,, Shanghai, China
    	
 
    	
8330
    
	
2
    	
 
    	
LIU GUISHENG
    	
 
    	
Sep 17, 2010
    	
 
    	
3303281978 02163479
    	
 
    	
Room 601, No. 6, Lane 157, Zhenhua Road, Shanghai, China
    	
 
    	
RMB  500,000
    	
 
    	
25
    	
%
    	
Room 601, No. 6, Lane 157, Zhenhua Road, Shanghai, China
    	
 
    	
8163
    
	
3
    	
 
    	
Sang Xiaobing
    	
 
    	
February 10,   2012
    	
 
    	
330702197 207060430
    	
 
    	
Room 203,   Building 2, No. 11, Tongqu Lane, Wucheng Disctrict, Jinhua, Zhejiang   Province, China
    	
 
    	
RMB  500,000
    	
 
    	
25
    	
%
    	
Room 203,   Building 2, No. 11, Tongqu Lane, Wucheng Disctrict, Jinhua, Zhejiang   Province, China
    	
 
    	
8288Exhibit 4.42

 

EQUITY PLEDGE AGREEMENT

 

among

 

Column A

(“Pledgor”)

 

and

 

SHANGHAI RAMPAGE SHOPPING CO., LTD.

 

(“Rampage Shopping”)

 

and

 

RAMPAGE TRADING (SHANGHAI) CO., LTD.

(“Beneficiary”)

 

Dated Column B

 

 

This EQUITY PLEDGE AGREEMENT (this “Agreement”) is made on Column B  in                       , the People’s Republic of China (“China”) by and among the following parties:

 

(A).                            Column A (“Pledgor”), a citizen of China with Chinese Identification No.: Column C whose address is Column D;

 

(B).                            Shanghai Rampage Shopping Co., Ltd. (“Rampage Shopping”), a limited company organized and existing under the laws of China, having its registered address at Room 2084, C, Building 7, No.2 Guanshan Road, Chenqiao Town, Chongming County, Shanghai, China; and

 

(C).                            Rampage Trading (Shanghai) Co., Ltd. (the “Beneficiary”), a foreign invested enterprise organized under the laws of the People’s Republic of China having its registered address at Room 2098, C, Building 3, No.8 Xiushan Road, Chongming County, (Chongming Industrial Zone) , Shanghai, China.

 

The Pledgor, the Beneficiary, and Rampage Shopping shall hereinafter be referred to individually as a “Party”, and collectively as “Parties.”

 

RECITALS

 

Rampage Shopping is a company with a duly approved business scope of clothing, office supplies, computers, furniture, merchandise sales, delivery service (letter or items like letter excluded), design, production of various types of advertisements, advertising via its own media in China (the “Business”).  The Pledgor holds Column E of the equity interests of Rampage Shopping.

 

The Pledgor has entered into a Loan Agreement with the Beneficiary on the date herewith (the “Loan Agreement”).  The Parties have also entered into certain other principal agreements in connection herewith, as set forth on Schedule 1 hereto (collectively with the Loan Agreement, the “Principal Agreements”).

 

The Pledgor has agreed to pledge all of his rights, title, and interest in the equity interest of Rampage Shopping (the “Interests”) to the Beneficiary as collateral for all payments due to the Beneficiary under the Loan Agreement and each of the other Principal Agreements, and to enter into this Agreement to secure its obligations to the Beneficiary under the Loan Agreement and the other Principal Agreements.

 

Therefore, the Parties agree as follows:

 

ARTICLE  I.
 DEFINITIONS AND INTERPRETATIONS

 

1.1                               Definitions.  Unless otherwise provided, the expressions below shall have the following meanings throughout this agreement:

 

“Business” shall have the meaning set forth in Recitals.

 

“CIETAC” shall mean the China International Economic and Trade Arbitration Commission.

 

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“China” shall mean the People’s Republic of China.

 

“Encumbrance” means any lien, encumbrance, hypothecation, right of others, proxy, voting trust or similar arrangement, pledge, security interest, collateral security agreement, mortgage, objection, title defect, title retention agreement, option, restrictive covenant, restriction on transfer, right of first refusal or first offer, or any comparable interest or, of any nature whatsoever.

 

“Event of Default” shall have the meaning set forth in Section 12.1 of the Loan Agreement.

 

“Exclusive Purchase Option Agreement” shall mean the Exclusive Purchase Option Agreement entered into by and among the Pledgor, the Beneficiary and Rampage Shopping as of the same date as the execution of this Agreement, pursuant to which the Pledgor has agreed to grant to the Beneficiary an exclusive option to purchase the Pledged Interests.

 

“Government Licenses” shall mean all licenses, permits, approvals, permissions, consents, waivers or registrations required or issued by a government authority of China.

 

“Loan Agreement” shall have the meaning set forth in the Recitals.

 

“Notice of Default” shall have the meaning set forth in Section 5.1.

 

“Obligations” shall have the meaning set forth in Section 2.2.

 

“Principal Agreements” shall have the meaning set forth in the Recitals and shall include the Loan Agreement, Exclusive Purchase Option Agreement, Exclusive Business Cooperation Agreement and Power of Attorney as set forth on Schedule 1 hereto.

 

“Pledge” shall have the meaning set forth in Section 2.1.

 

“Pledged Interests” shall have the meaning set forth in Section 2.1.

 

“RMB” shall mean Renminbi, the official currency of China.

 

“Term” shall have the meaning as set forth in Section 3.1.

 

1.2                               Headings.  The headings in this agreement are for convenience only and shall not affect the construction of the agreement.

 

1.3                               Interpretation.  Unless otherwise provided, the words, expressions, and references below shall have the following meanings:

 

(a)                                 References to the clauses and schedules of this agreement include any amendments to them that may occur from time to time.

 

(b)                                 References to this agreement or any other agreement or document include any amendments, notations, or supplements to the agreements or documents that may occur from time to time.

 

2

 

(c)                                  References to any statute or statutory provision include any amendments, extensions, consolidations, or replacements pertaining to the statute or provision and any statute or provision that amends, extends, consolidates, or replaces the statute or provision, and shall also include any orders, regulations, instruments, or other subordinate legislation made under the relevant statute or provision.

 

(d)                                 Words denoting the singular include the plural and vice versa;

 

(e)                                  References to a “Person” include individuals, firms, partnerships, joint ventures, companies, corporations, unincorporated bodies of persons, states, and any agencies of states and their assigns, transferees, or successors in title.

 

(f)                                   The words “including” and “in particular” simply illustrate or emphasize certain terms within a provision and they shall not limit any provision in any way.

 

ARTICLE  II.
 THE PLEDGED INTERESTS

 

2.1                               The Pledgor hereby pledges and grants a security interest in all of Pledgor’s right, title, and interest in, together with all of his incidental rights with respect to, the equity of Rampage Shopping either presently owned or hereafter acquired by the Pledgor (collectively, the “Pledged Interests”) to the Beneficiary and its successors as collateral security for the payment and performance by the Pledgor of any and all of the Obligations (the “Pledge”).

 

2.2                               This Agreement is made and the Pledge herein is given to secure the Pledgor’s payment of all obligations, liabilities and indebtedness of the Pledgor to the Beneficiary pursuant to the terms of the Loan Agreement and the other Principal Agreements, including all sums due and payable to the Beneficiary by the Pledgor under the Loan Agreement and all service fees due to the Beneficiary under each of the Principal Agreements (collectively, the “Obligations”).

 

ARTICLE  III.
 TERM OF THE PLEDGE

 

3.1                               The pledge shall become effective on the date the Pledge is entered in Rampage Shopping’s shareholders’ register. The pledge shall be continuously valid until the Obligations have been fully discharged (the “Term”).

 

3.2                               The Pledgor and Rampage Shopping shall enter the Pledge in Rampage Shopping’s shareholders’ register within three (3) business days after the execution of this Agreement.

 

ARTICLE  IV.
 PERFECTION OF THE PLEDGE

 

4.1                               The Pledgor hereby covenants to execute in good faith and to cause any other appropriate parties or individuals to execute all certificates, agreements, deeds, covenants, or notices required by the Beneficiary to perfect or exercise any of the Beneficiary’s rights under this Agreement.

 

3

 

4.2                               Rampage Shopping shall, immediately upon the execution of this Agreement, execute and deliver a capital contribution certificate in the form attached hereto as Schedule 2 (“Capital Contribution Certificate”) for the Pledged Interests and the shareholders’ register in the form attached hereto as Schedule 3 (“Shareholders’ Register”) containing the Pledge.  The Beneficiary shall maintain custody of such items during the Term of this Agreement.

 

4.3                               The Pledgor and the Beneficiary shall register the Pledge under this Agreement with a qualified Chinese Public Notary within three (3) business days following the execution of this Agreement.

 

ARTICLE  V.
 ENFORCEMENT OF PLEDGE

 

5.1                               Pledgor shall immediately notify the Beneficiary in writing upon their discovery of any Event of Default.  The Beneficiary may deliver a written notice of default (“Notice of Default”) to Pledgor upon the occurrence of the Event of Default or at anytime thereafter.  The Notice of Default may demand that Pledgor immediately pay all outstanding payments due under the Loan Agreement and the other Principal Agreements and all other payments due to the Beneficiary.

 

5.2                               Upon delivery of the Notice of Default under this Agreement, the Beneficiary or any of its agents shall become forthwith entitled to exercise, at its sole discretion and without further notice to the Pledgor, all or any of the following rights, remedies, and powers:

 

(a)                                 acquire all right, title, and interest to any of the Pledged Interests or beneficial interests according to the terms and conditions of this Agreement and terminate all rights of the Pledgor pertaining to the Pledged Interests or beneficial interests;

 

(b)                                 exercise at its sole discretion all voting, corporate, and other rights pertaining to the Pledged Interests or beneficial interests at any Rampage Shopping shareholders’ meeting or any other forum that impacts the Pledged Interests or beneficial interests inasmuch as all such rights of the Pledgor pertaining to the Pledged Interests or beneficial interests shall cease;

 

(c)                                  exercise at its sole discretion any and all rights of conversion, sale, exchange, subscription, or any other rights, powers, privileges, or options pertaining to the Pledged Interests or beneficial interests inasmuch as all such rights of the Pledgor pertaining to the Pledged Interests or beneficial interests shall cease;

 

(d)                                 receive all amounts, including dividends, interest, or any other monies incurring to each Pledgor from the Pledged Interests or beneficial interests inasmuch as all such rights of the Pledgor pertaining to the Pledged Interests or beneficial interests shall cease;

 

(e)                                  sell, grant purchase options, assign, deliver, transfer or otherwise dispose of all or any part of the Pledged Interests or beneficial interests at any public or private sale, without advertising or giving notice of intention to sell or the time or place of any sale and without issuing a demand to any party for performance;

 

4

 

(f)                                   sell, grant purchase options, assign, deliver, transfer or otherwise dispose of all or any part of the Pledged Interests or beneficial interests at any public or private sale for cash, credit terms, exchange for other property, or any other price or terms and conditions established by the Beneficiary at is sole and absolute discretion for immediate or future delivery;

 

(g)                                  exercise any of the powers conferred on the Pledgor by any statute, deed, contract, or the articles of incorporation of Rampage Shopping inasmuch as all such powers of the Pledgor shall cease;

 

(h)                                 perform all other acts necessary or incidental and conducive to the exercise of any of the powers hereby conferred;

 

(i)                                     exercise all voting, consensual, and other powers of ownership pertaining to the Pledged Interests or beneficial interests, including all such powers in order to replace the directors of Rampage Shopping; and

 

(j)                                    perform all acts necessary to exercise, implement, and enforce the Pledge executed through this Agreement in accordance with applicable laws.

 

5.3                               Each of the foregoing rights and remedies is in addition to all rights and remedies available to the Beneficiary under applicable laws, and they are enumerated under this Section as examples of the Beneficiary’s rights, remedies, and powers without limiting them in any way.

 

5.4                               Upon the request of the Beneficiary, the Pledgor and Rampage Shopping shall execute all documents and take any other actions necessary to dispose the Pledged Interests or beneficial interests in accordance with the terms and conditions of this Agreement.

 

ARTICLE  VI.
 DIVIDENDS AND VOTING RIGHTS

 

6.1                               Declaration and Payment of Dividends.

 

(a)                                 Rampage Shopping shall not declare any dividend at any time without the Beneficiary’s prior written consent, unless and until all sums due to the Beneficiary under the Loan Agreement and each of the other Principal Agreements have been unconditionally and irrevocably paid and all Obligations under the Principal Agreements have been fully discharged.

 

(b)                                 The Pledgor shall not cause Rampage Shopping to issue any other equity without the Beneficiary’s prior written consent, unless and until all sums due to the Beneficiary under the Loan Agreement and each of the other Principal Agreements have been unconditionally and irrevocably paid and all Obligations under the Principal Agreements have been fully discharged.

 

6.2                               Voting Rights.

 

(a)                                 During the Term, the Pledgor shall not be entitled to receive or exercise any voting rights until all Obligations under the Loan Agreement and each of the other Principal Agreements have been fully satisfied.

 

5

 

(b)                                 The Pledgor hereby grants the Beneficiary the power to vote in lieu of the Pledgor in every shareholders’ meeting (regular or special) held by Rampage Shopping during the Term of this Agreement.  The Pledgor hereby authorizes the Beneficiary to execute all the documents and take all the actions that are necessary to enable the Beneficiary to exercise the Pledgor’s voting rights and all other rights as a shareholder of Rampage Shopping.  The Pledgor shall provide the Beneficiary written notice of any shareholders’ meeting immediately upon their receipt of notice of any shareholders’ meeting issued pursuant to the articles of association of Rampage Shopping.

 

ARTICLE  VII.
 REPRESENTATIONS AND WARRANTIES

 

7.1                               Acknowledgement of Reliance.  The Pledgor hereby acknowledges that the Beneficiary has entered into this Agreement in full reliance upon the representations and warranties made under this Section 7.

 

7.2                               Representations and Warranties.  The Pledgor represents and warrants to the Beneficiary as follows:

 

(a)                                 the Pledgor has the legal capacity to execute and perform this Agreement.  The Pledgor has obtained all necessary  and proper approvals and authorizations for the execution and  performance of this Agreement;

 

(b)                                 this Agreement constitutes the Pledgor’s legal, valid and binding obligations enforceable in accordance with its terms;

 

(c)                                  the Pledgor is not currently engaged in any disputes, litigation, arbitrations, administrative  proceedings, or any other legal proceeding; nor is the Pledgor subject to any potential disputes,  litigation, arbitration, administrative proceedings, or any other legal proceeding;

 

(d)                                 the Pledgor has not pledged, assigned, or otherwise transferred to any third party any of his Pledged Interests except for the pledge of the Pledged Interests to the Beneficiary under this Agreement and the exclusive purchase rights granted to the Beneficiary under the Exclusive Purchase Option Agreement;

 

(e)                                  the Pledgor is the sole legal, registered, and beneficial owner of the Pledged Interests;

 

(f)                                   the Pledgor has good and marketable title to the Pledged Interests subject to no lien or other security interest, other than the pledge of the Pledged Interests to the Beneficiary under this Agreement and the exclusive purchase rights granted to the Beneficiary under the Exclusive Purchase Option Agreement;

 

(g)                                  the Pledged Interests in Rampage Shopping held by the Pledgor are fully-paid, and not in bearer form; and

 

(h)                                 the pledge, assignment and delivery of the Pledged Interests pursuant to this Agreement will create a valid first priority lien on and a first priority perfected security interest in the Interests and the proceeds thereof, securing the payment of the obligations.

 

6

 

7.3                               Repetition.  The representations and warranties set out in Section 7.2 of this Agreement shall continue after the execution of this Agreement, and shall be deemed to be true and effective throughout the Term of this Agreement.

 

ARTICLE  VIII.
 AFFIRMATIVE COVENANTS

 

8.1                               During the Term of this Agreement, the Pledgor irrevocably covenants to the following:

 

(a)                                 the Pledgor shall abide by the provisions of this Agreement and perform all obligations under the other Principal Agreements, and refrain from any  action or omission that may affect the viability or  enforceability of this Agreement or any of the other Principal Agreements;

 

(b)                                 the Pledgor shall notify the Beneficiary immediately of any litigation, arbitration, or administrative  proceedings concerning Rampage Shopping or the Pledged Interest;

 

(c)                                  the Pledgor shall execute  all necessary or appropriate documents, file all necessary or appropriate  complaints, raise (or, at the request of the Beneficiary, authorize the Beneficiary or the Beneficiary’s designated Person) all necessary and appropriate defences against all claims, and take all other appropriate actions necessary to maintain the Pledgor’s ownership of the equity interest in Rampage Shopping, except for the enforcement of this Agreement and the Exclusive Purchase Option Agreement; and

 

(d)                                 the Pledgor shall promptly notify the Beneficiary of any event that may impact the Beneficiary’s rights to any portion of the Pledged Interests or any of Pledgor’s guarantees or obligations hereunder or under any of the other Principal Agreements.

 

ARTICLE  IX.
 NEGATIVE COVENANTS

 

9.1                               The Pledgor irrevocably covenants that he shall not:

 

(a)                                 sell,  contract to sell, transfer, mortgage, or dispose, directly or indirectly, in any manner any of the Pledged Interests, or allow  any placement thereon as a security interest, except to the Beneficiary or the Beneficiary’s designated Person in  accordance with this Agreement or the Exclusive Purchase Option Agreement;

 

(b)                                 cause the shareholders meeting or the board of directors of Rampage Shopping to  approve the sale, transfer, mortgage or disposition in any manner any of the Pledged Interests, or allow the placement thereon of any security interest,  except to the Beneficiary or the Beneficiary’s designated Person in  accordance with this Agreement or the Exclusive Purchase Option Agreement; or

 

(c)                                  cause Rampage Shopping to supplement, change, or amend its articles of association in any manner, increase or decreases its registered capital, or change its share capital structure in any manner without the prior written consent of the Beneficiary.

 

7

 

9.2                               The Pledgor agrees that the rights acquired by the Beneficiary in accordance with this Agreement shall not be interrupted or harmed by the Pledgor or any of his heirs or representatives through any legal proceedings.

 

ARTICLE  X.
 NOTICES

 

10.1                        Each notice or other communication to be given under this Agreement shall be given in written English and Chinese, and shall be made by telex, fax, or letter. Each notice, communication or other document to be delivered to any party to this Agreement shall be made or delivered to the party’s address or fax number as set out below:

 

(a)                                 To the Pledgor:

 

Address: Column D

Tel: (86 21) 64950500 ext Column F

 

Fax: (86 21) 6490508

Attention: Column A

 

(b)                                 To the Beneficiary:

 

Address: Room 2098, C, Building 3,
 No.8 Xiushan Road, Chongming County,
 (Chongming Industrial Zone) , Shanghai, China

 

Tel: (86 21) 64950555

 

Fax: (86 21) 64950508

 

Attention: Zhang Bang

 

(c)                                  To Rampage Shopping:

 

Address: Room 2084, C, Building 7,
 No.2 Guanshan Road, Chenqiao Town, Chongming
 County, Shanghai, China

 

Tel: (86 21) 64950555

 

Fax: (86 21) 64950508

 

Attention: Zhang Bang

 

8

 

ARTICLE XI.
 ASSIGNMENT OF AGREEMENT

 

11.1        The Pledgor shall not assign or delegate its rights and obligations under this Agreement without the Beneficiary’s prior written consent.

 

11.2        The Beneficiary may assign any or all of its rights and obligations under this Agreement, the Loan Agreement, or any of the other Principal Agreements.  Any such assign shall have all of the Beneficiary’s rights and obligations under this Agreement as if it were the original party to this Agreement. If the Beneficiary assigns its rights and obligations under this Agreement, the Loan Agreement, or any of the other Principal Agreements, the Pledgor shall execute promptly all agreements or other documents necessary to perfect such assignment upon the Beneficiary’s request.

 

11.3        This Agreement shall be binding upon the Pledgor and his successors and any assigns permitted by the Beneficiary, and it shall be enforceable by the Beneficiary and each of its successors and assigns.

 

11.4        In the event that the Beneficiary is restructured for any reason, the Pledgor shall execute a new pledge agreement with the newly restructured the Beneficiary on the same terms and conditions as this Agreement at the request of the Beneficiary.

 

ARTICLE XII.
 CONFIDENTIALITY

 

12.1        Each Party hereto agrees to treat information relating to the existence and all material aspects of the transactions contemplated hereby and/or contained herein that is provided to such party by another party or its representatives, as confidential information and agrees not to disclose such information to any Person without the prior written consent of the disclosing Party, except that each Party may disclose such confidential information (i) to its attorneys, accountants, advisors and consultants, provided such persons are subject to confidentiality obligations, (ii) on a need-to-know basis, to its affiliates, and their employees, officers and directors provided such persons are subject to confidentiality obligations, (iii)  any applicable government authority as required by applicable laws or as appropriate to ensure that all Government Licenses of Rampage Shopping continue in effect and are not in danger of being suspended, terminated or not renewed, and (iv) as otherwise required by applicable laws. Prior to any disclosure under (iii) or (iv) above, the disclosing Party shall have notified the other Parties of the disclosing Party’s intention to make such disclosure and the contents thereof.

 

12.2        This Section 12 shall survive for a period of two years following the termination of this Agreement.

 

ARTICLE XIII.
 GOVERNING LAW AND SETTLEMENT OF DISPUTES

 

13.1        Governing Law.  This Agreement, including the validity hereof and the rights and obligations of the Parties hereunder, shall be construed in accordance with and governed by the laws of China.

 

13.2        Settlement of Disputes.  In the event that a dispute arises in connection with this Agreement, and the Parties cannot resolve the dispute through good faith

 

9

 

discussions, either Party shall submit the dispute to arbitration before the Shanghai branch of China International Economic and Trade Arbitration Commission (“CIETAC”) according to the rules of arbitration as administered by the CIETAC at the time.  There shall be a single arbitrator.  If the Parties do not agree to appoint an arbitrator who has consented to participate within twenty (20) days after the issuance of a notice of arbitration by any Party hereto, CIETAC shall appoint an arbitrator.  Arbitration proceedings shall be in English and shall take place in Shanghai, China.  The arbitration decision shall be final and binding upon the Parties.

 

ARTICLE XIV.
 AMENDMENTS AND WAIVER

 

14.1        Amendments.  This Agreement may not be amended or modified except in writing by the Beneficiary.

 

14.2        No Implied Waivers.  The Beneficiary may exercise its rights under this Agreement as often as necessary to protect its interests, and such rights are in addition to any rights applicable to the Beneficiary under law. Any rights of the Beneficiary shall only be waived in writing by the Beneficiary, and any delay by the Beneficiary in the exercise of any of its right shall not constitute a waiver of such right.

 

ARTICLE XV.
 MISCELLANEOUS

 

15.1        Further Assurance.  The Pledgor agree to execute and deliver such further documents and do such other acts and things as the Beneficiary may reasonably request in order to fulfil the obligations of the Pledgor under this Agreement and protect the Beneficiary’s interests.

 

15.2        Entire Agreement.  This Agreement and the other Principal Agreements constitute the entire Agreement between the Parties hereto in relation to the Pledge and supersede all previous proposals, agreements, or other written or oral communications.  All Schedules referred to herein are incorporated in this Agreement by reference and constitute an integral part of this Agreement.

 

15.3        Termination.  This Agreement shall become effective on the date it is executed.  This Agreement may be terminated by the Beneficiary at its sole discretion.

 

15.4        Severability and Replacement.  In the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

15.5        Languages.  This Agreement shall be written in English and Chinese.  Each Party shall have one equally valid copy of the Agreement in each language.  Both languages shall be equally effective.  In case of any discrepancies between the two languages, the English version shall prevail.

 

10

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

11

 

IN WITNESS whereof the parties hereto have caused this Agreement to be duly executed by their authorized representatives on the date first written above.

 

 

	
Pledgor:
    	
Column A
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Column A
    	
 
    
	
 
    	
 
    
	
Name:
    	
Column A
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Beneficiary: RAMPAGE TRADING (SHANGHAI)   CO., LTD.
    	
 
    
	
 
    	
 
    
	
[seal: Rampage Trading (Shanghai)   Co., Ltd.]
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Rampage Shopping: Shanghai Rampage Shopping Co., Ltd.
    	
 
    
	
 
    	
 
    
	
[seal: Shanghai Rampage Shopping   Co., Ltd.]
    	
 
    
					

 

 

Schedule 1

 

Principal Agreements

 

	
Agreements
    	
 
    	
Parties
    	
 
    	
Date
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Loan Agreement
    	
 
    	
Pledgor and the Beneficiary
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Exclusive Purchase Option Agreement
    	
 
    	
Pledgor and the Beneficiary
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Exclusive Business Cooperation Agreement
    	
 
    	
Rampage Shopping and the   Beneficiary
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Power of Attorney
    	
 
    	
Pledgor and the Beneficiary
    	
 
    	
 
    

 

 

Schedule 2

 

Rampage Shopping Capital Contribution Certificate

 

It is hereby certified that Column A (ID Card No.:  Column C) holds Column E of the equity interest of SHANGHAI RAMPAGE SHOPPING CO., LTD., and such Column E equity interest has been pledged to RAMPAGE TRADING (SHANGHAI) CO., LTD.

 

 

	
SHANGHAI RAMPAGE   SHOPPING CO., LTD.
    
	
 
    
	
[seal: Shanghai Rampage Shopping   Co., Ltd.]
    

 

 

Schedule 3

 

Rampage Shopping Shareholders’ Register

 

Column A (ID Card No.: Column C) holds Column E of the equity interest of SHANGHAI RAMPAGE SHOPPING CO., LTD., and all of such Column E equity interest has been pledged to RAMPAGE TRADING (SHANGHAI) CO., LTD.

 

 

	
SHANGHAI RAMPAGE   SHOPPING CO., LTD.
    
	
 
    
	
[seal: Shanghai Rampage Shopping   Co., Ltd.]
    

 

 

	
 
    	
 
    	
Column A
    	
 
    	
Column B
    	
 
    	
Column C
    	
 
    	
Column D
    	
 
    	
Column E
    	
 
    	
Column F
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
1
    	
 
    	
Zhang Bang
    	
 
    	
May 18, 2010
    	
 
    	
320502196804142031
    	
 
    	
Room 1408, No.29, Shui Yin Road, Yue Xiu District, Guangzhou,   China
    	
 
    	
50
    	
%
    	
8330
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
2
    	
 
    	
Liu Guisheng
    	
 
    	
Sep 17, 2010
    	
 
    	
330328197802163479
    	
 
    	
Room 601, No.6, Lane 157, Zhenhua Road, Shanghai, China
    	
 
    	
25
    	
%
    	
8163
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
3
    	
 
    	
Sang Xiaobing
    	
 
    	
February 10, 2012
    	
 
    	
330702197207060430
    	
 
    	
Room 203, Building 2, No. 11, Tongqu Lane, Wucheng   Disctrict, Jinhua, Zhejiang Province, China
    	
 
    	
25
    	
%
    	
8288

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