Document:

ex4_3.htm

Exhibit 4.3

 

 

 

 

 

 

 

 

	  	
Dated: 12 July 2011

	  	
 

	  	
 

	  	
(1)  Shareholders as listed on Schedule One

	  	
 

	  	
(2)  Maxc1ean (China) Holdings Limited

	  	
 

	  	
(3)  Maxc1ean Holdings Lld

 

 

 

 

 

	  	
SHARE SWAP AGREEMENT

 

 

 

 

 

  

  

  

THIS AGREEMENT is made this                                      

 

BETWEEN:

 

	
(1)

	
Shareholders as listed on Schedule One hereof (individual as "Shareholder" and collectively as "Shareholders");

 

	
(2)

	
Maxclean (China) Holdings Limited, a company incorporated in Hong Kong, whose registered office is situated at 14/F., Teda Buildiog, 87 Wing Lok Street, Hong Kong ("Maxc1ean China"); and

 

	
(3)

	
Maxclean Holdings Ltd, a company incorporated in Cayman Islands, whose registered office is situated at Appleby Trust (Cayman) Ltd, Clifton House, 75 Fort Street, PO Box 1350, Grand Cayman KYI-1108, Cayman Islands ("Maxclean Cayman").

 

WHEREAS:

 

	
(A)

	
Each of the Shareholders beneficially owns the number of shares in the capital of Maxclean China opposite his/her name as listed on Schedule One hereof.

 

	
(B)

	
The existing group structure is as shown on Schedule Two.

 

	
(C)

	
As part of the re-organization for the purpose of quoting the shares of Maxclean Cayman on OTCQX or any other Stock Exchanges in the United States of America, the parties hereof have agreed to enter into this Share Swap Agreement in the manner set out hereinafter.  The reorganization shall involve the Shareholders of Maxclean China as transferor and Maxclean Cayman as transferee for the transfer of the entire issued capital of 48,786,000 shares in Maxclean China to Maxclean Cayman in return in 1 to 1 exchange ratio for Maxclean Cayman to allot and issue 48,785,999 new shares, credited as fully paid at par, to the Shareholders as a consideration for the transfer of their entire interests in Maxclean China and its subsidiaries and associates.

 

	
 

	
After the reorganization hereof, Maxclean Cayman shall become the holding company of the group and the group structure shall be as shown on Schedule Three.

 

THIS IS HEREBY AGREED THAT:-

 

	
(1)

	
Under and subject to the terms of this Agreement, the Shareholders shall transfer all their shares in the share capital in Maxclean China to Maxclean Cayman, free form all liens, charges, security interest, encumbrances and adverse claims and with all the rights now or hereinafter attached or accrued thereto as from the date of signing of this Agreement.

 

	
(2)

	
The consideration from Maxclean Cayman to the Shareholders shall be satisfied by the allotment and issue of the equal respective number of shares that each Shareholder owns in Maxc1ean China, in the share capital of Maxclean Cayman credited as fully paid (including the 1 share to be allotted and issued to Reid Services Limited and to be transferred to Mr. LO Chung Ling).

 

  

  

  

 

COMPLETION

 

	
(3)

	
Completion shall take place upon signing of this Agreement:

 

	
(i)

	
Each Shareholder shall deliver his respective duly executed instrument of transfer and contract note in respect of his shares in Maxclean China, in favour ofMaxclean Cayman together with the original of the relevant share certificate.

 

	
(ii)

	
Each Shareholder shall deliver a duly signed application for allotment of his respective shares in Maxclean Cayman.

 

	
(iii)

	
Certified true copy of respective board minutes or board written resolutions of Maxclean China, Maxclean Cayman) and those Shareholders which are corporate shareholders, approving the transaction of this Agreement.

 

FULL EFFECT

 

All the provisions of this Agreement shall so far as they are capable of being performed or observed continue in full force and effect notwithstanding Completion except in respect of those matters then already performed.

 

FURTHER ASSURANCE

Notwithstanding Completion, each of the parties hereto shall sign or execute any document or do any deed, act or things as may reasonably be requested by the other parties hereto to give full force and effect to the terms of this Agreement and the transactions contemplated hereunder.

 

COUNTERPARTS

This Agreement may be executed in any number of counterparts by the parties hereto on separate counterparts, each of which when executed shall constitute an original and all of which when taken together shall constitute one and the same document.

 

COSTS, EXPENSES AND OTHERS

Each party shall bear its own legal and professional fees, costs and expenses incurred in connection with this Agreement and any documents to be executed hereunder.

 

  

  

  

 

ENTIRE AGREEMENT

This agreement sets forth the entire agreement and understanding between the parties or any of them in relation to the transactions contemplated by this Agreement and supersedes and cancels in all respects all previous agreements, letters of intent, correspondence, understandings, agreements and undertakings (if any) between the parties hereto with respect to the subject matter hereof, whether such be written or oral.

 

 

GOVERNING LAW

This Agreement is governed by and shall be construed in accordance with the laws of Hong Kong and the parties hereto hereby submit to the non-exclusive jurisdiction of the courts of Hong Kong.

IN WITNESS WHEREOF the parties hereto have duly executed this Agreement the day and year first above written.

 

 

	
SIGNED by

YU, Chun Ming

in the presence of:-

	
/s/ [ILLEGIBLE]

	
)

)

)

	
/s/ Yu Chun Ming

	  	  	  	  
	 	 	 	 
	
SIGNED by

LO, Chung Ling

in the presence of:-

	
/s/ [ILLEGIBLE]

	
)

)

)

	
/s/ Lo Chung Ling

	  	  	  	  
	 	 	 	 
	
SIGNED by

HUA, Xiafen

in the presence of:-

	
/s/ [ILLEGIBLE]

	
)

)

)

	
/s/ Hua Xiafen

	  	  	  	  
	 	 	 	 
	
Maxclean (China) Holdings Limited

in the presence of:-

	
/s/ [ILLEGIBLE]

	
)

)

	
/s/ Yu Chun Ming

	  	  	  	  
	 	 	 	 
	 	 	 	 
	
SIGNED by

For and on behalf of

Maxclean Holdings Ltd

in the presence of:-

	
/s/ [ILLEGIBLE]

	
)

)

)

)

	
/s/ [ILLEGIBLE]

 

  

  

  

 

Schedule One

 

Maxclean (China) Holdings Limited

 

	
 

No.

	
 

Name and Address of Shareholder

	
Common Shares beneficially

owned by the Shareholder

 

	  	  	
# of Shares

	
Percentage

	
1

	
LO Chung Ling

	
14,635,800

	
30.00%

	  	
Address: Flat A, 23/F, Forfar,

	  	  
	  	
2 Forfar Road, Kowloon City, 

Kowloon, Hong Kong

	  	  
	
2

	
YU Chun Ming

	
34,023,360

	
69.74%

	  	
Address: Room 602, Block 11, Lang 

Shi, Jin Gui Qiao West, Wuxi, 

Jiangsu, China

	  	  
	
3

	
HUA Xiafen

	
126,840

	
0.26%

	  	
Address: Room 602, Block 11, Lang 

Shi, Jin Gui Qiao West, Wuxi, 

Jiangsu, China

	  	  
	  	
Total

	
48,786,000

	
100.00%

 

  

  

  

 

 

Schedule Two 

 

Existing Group Structure

 

 

 

  

  

  

 

 

 

Schedule Three 

 

Group Structure after ReorganizationUnassociated Document

Exhibit 4.4

 

 

	
English Translation

 

 

Share Purchase Agreement

Party A:  Maxclean (Wuxi) Technology Co., Ltd.

Party B:  DENG Ping

Whereas Party A intends to transfer the 70% equity interest in Wuxi Maxclean Import & Export Development Co., Ltd. (hereinafter referred to as the “Company”) held by it to Party B, both parties unanimously agree to enter into this Agreement after negotiation.

1.           Proportion and price of the equity to be transferred:

Wuxi Maxclean Import & Export Development Co., Ltd. is a company established and invested jointly by Party A and Party B.  It has a registered capital of RMB10,000,000, of which Party A and Party B have invested RMB7,000,000 and RMB3,000,000 respectively, representing 70% and 30% of the total contribution respectively.  Party A hereby agrees to transfer the 70% equity interest held by it to Party B at a consideration of RMB7,000,000.  Upon completion, the total investment of Party B would be RMB10,000,000, representing 100% of the total contribution.

2.           Time and method of completion of the equity transfer transaction:

Party B intends to contribute RMB7,000,000 in cash before 31 December 2010.  After receiving such sum by the Company, the Company shall return the amount of contribution to Party A to complete the equity transfer transaction.

3.           Party A and Party B agree to amend the provisions governing the contribution in the original articles of association and keep the remaining provisions unchanged.

4.           Applicable laws and liabilities of default:

This Agreement shall be governed by the laws of the People’s Republic of China.  If any provision contained in this Agreement violates the applicable laws, the applicable laws shall prevail.  Any dispute arising in the course of execution of this Agreement between Party A and Party B shall be settled by negotiation.  If no settlement can be reached, either party may institute legal proceedings in the People’s Court of China where Party A is located.  Any party violating the provisions of this Agreement shall accept the legal liabilities and be liable for the relevant loss and compensation.

5.           This Agreement is executed in five counterparts.  Party A and Party B shall each hold two copies and the remaining copy shall be submitted to the competent government authority.  This Agreement shall come into effect after it is signed by both parties.

	
Party A:  Maxclean (Wuxi) Technology Co., Ltd.

 

 

 

	
Party B:  DENG Ping

 

	
Sign and seal:

/S/  Lo Chung Ling

/S/  YU Chunming

	
Sign and seal:

/S/ DENG Ping

 

Date: 20 December 2010

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00207-of-00352.parquet"}]]