Document:

Exhibit 4.41

 

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.

 

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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.
 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.

 

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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;

 

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(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.

 

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(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.

 

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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.

 

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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

 

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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

 

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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.

 

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[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 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
    	
 
    	
Huang Wei ling
    	
 
    	
Nov 8, 2013
    	
 
    	
310104197806140025
    	
 
    	
Room 303, No. 12, Wannansi Village, Xuhui District,   Shanghai, 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
    	
%
    	
8288Exhibit 4.42

 

EXCLUSIVE PURCHASE OPTION AGREEMENT

 

among

 

Column A

(“Grantor”)

 

and

 

SHANGHAI RAMPAGE SHOPPING CO., LTD.

(“Rampage Shopping”)

 

and

 

RAMPAGE TRADING (SHANGHAI) CO., LTD.

(“Grantee”)

 

Dated Column B

 

 

This EXCLUSIVE PURCHASE OPTION AGREEMENT (the “Agreement”) is executed on Column B in                     , the People’s Republic of China (“China”) by the following Parties:

 

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

 

(2)                                 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

 

(3)                                 RAMPAGE TRADING (SHANGHAI) CO., LTD. (the “Grantee”), 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 Grantor, Rampage Shopping, and the Grantee are each hereinafter 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 Grantor holds Column E of the equity interests of Rampage Shopping (the “Shares”).

 

The Grantor borrowed a total amount of Column F (the “Loan”) from the Grantee on Column B (the “Loan Date”).

 

The Grantor has agreed to enter into a Loan Agreement and an Equity Pledge Agreement concurrently herewith pursuant to which the Grantor shall pledge his rights, title and interest in the Shares to the Grantee.

 

The Grantor has further agreed to grant the Grantee an exclusive option to purchase the Shares (the “Purchase Option”) pursuant to the terms and condition set forth in this Agreement.

 

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 Recital.

 

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

 

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

 

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

 

“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.

 

“Equity Pledge Agreement” shall mean the Equity Pledge Agreement entered among the Grantor, the Grantee and Rampage Shopping as of the same date of the execution of this Agreement, pursuant to which the Grantor has agreed to pledge his Shares in Rampage Shopping to the Grantee as collateral for the repayments of certain loan and the payment of other payables due to the Grantee.

 

“Equity Transfer Agreement” shall have the meaning set forth in Section 4.2.

 

“Exercise Notice” shall have the meaning set forth in Section 4.1.

 

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

 

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

 

“Power of Attorney” shall have the meaning set forth in Section 4.2.

 

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

 

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

 

“Shares” shall have the meaning as set forth in the Recital of this Agreement.

 

“Shareholders Resolution” shall have the meaning set forth in Section 4.2.

 

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.

 

2

 

(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.

 

(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 OPTION

 

2.1                               Immediately upon the written request of the Grantee, which may be made at any time, the Grantor hereby irrevocably agrees to sell to the Grantee, any Person designated by the Grantee or any person to which the Grantee assigns its rights under this Agreement (the “Designee”) the Shares.

 

2.2                               Subject to Section 2.1 above, no Person or entity other than the Grantee is entitled to any right or option to purchase Grantors’ equity interests in Rampage Shopping or to maintain any other present or future rights in the Shares.

 

2.3                               Rampage Shopping hereby acknowledges, accepts, and approves the grant of this Purchase Option to the Grantee.

 

ARTICLE III.
 CONSIDERATION

 

3.1                               In the event the Grantee exercises the Purchase Option to purchase the Shares, the outstanding principal of the Loan at the time of such exercise shall constitute the purchase price of the Shares.  In the event that the outstanding principal is zero at the time of exercise, the purchase price of the Shares shall be US$100.

 

3

 

ARTICLE IV.
 EXERCISE OF THE OPTION

 

4.1                               Notice of Intent to Exercise Purchase Option.  The Grantee may exercise the Purchase Option by delivering written notice to the Grantor (the “Exercise Notice”) at any time after the date hereof.

 

4.2                               Transfer of Interests.  The Grantor shall transfer the title of the Shares to the Grantee pursuant to the instructions provided in the Exercise Notice within five (5) business days after the Grantee’s delivery of the Exercise Notice. The Grantor shall cause the Grantee to become the sole registered owner of the Shares free from any lien or Encumbrance of any kind and shall facilitate transfer of title to the Shares to the Grantee or the Designees by performing the following:

 

(a)                                 The Grantor, as the shareholder of Rampage Shopping, shall execute, and shall cause other shareholders of Rampage Shopping to execute, on the date of this Agreement a shareholders resolution (the “Shareholders Resolution”) approving the transfer of title in the Shares from the Grantor to the Grantee.  The Shareholders Resolution shall (i) be signed in the form attached to Schedule 1 hereto, (ii) include seven (7) counterparts.

 

(b)                                 The Grantor, as the shareholder of Rampage Shopping, shall execute, and shall cause other shareholders of Rampage Shopping to execute, an equity transfer agreement (the “Equity Transfer Agreement”) on the date of this Agreement.  The Equity Transfer Agreement shall (i) be signed in the form attached to Schedule 2 hereto, (ii) include seven (7) counterparts.

 

(c)                                  The Grantor, as the shareholder of Rampage Shopping, shall execute a power of attorney (the “Power of Attorney”) on the date of this Agreement to grant the Grantee, among other things, the right to date and fill out the above Shareholders Resolution and Equity Transfer Agreement, and to keep such documents in the Grantee’s custody.

 

(d)                                 The Grantor, as the shareholder of Rampage Shopping, shall also execute a consent (the “Consent”) on the date of this Agreement to give his consent to, and waive his right of first refusal in respect of, the transfer by any other shareholder of Rampage Shopping of his equity interest in Rampage Shopping to the Grantee or the Designees.

 

(e)                                  The Parties shall execute all other necessary agreements or documents; obtain all necessary government licenses and permits; and take all other actions necessary to transfer valid ownership of the Purchased Shares to the Grantee or the Designees.

 

(f)                                   In the event that this Agreement or any of its Schedules is invalidated in part or in whole by any law or regulation of China, the Parties shall execute such other valid resolutions, agreements, or documents necessary to achieve the same legal and economic effects of this Agreement.

 

4

 

ARTICLE V.
 REPRESENTATIONS AND WARRANTIES

 

5.1                               Acknowledgement of Reliance.   The Grantor hereby acknowledges that the Grantee has entered into this Agreement in full reliance upon the representations and warranties made under this Section 5.

 

5.2                               Representations and Warranties.  The Grantor represents and warrants to the Grantee as follows:

 

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

 

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

 

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

 

(d)                                 The Grantor has not pledged, assigned, or otherwise transferred to any third party any of his Interests except for the pledge of the Interests to the Grantee under the Equity Pledge Agreement and the exclusive purchase rights granted to the Grantee under this Agreement, both of which are executed between the Grantor and the Grantee on the even date herewith;

 

(e)                                  The Grantor is the sole legal, registered, and beneficial owner of the Interests;

 

(f)                                   The Grantor has good and marketable title to the Interests subject to no lien or other security interest, other than the pledge of the Interests to the Grantee under the Equity Pledge Agreement and the exclusive purchase rights granted to the Grantee under this Agreement; and

 

(g)                                  The Interests in Rampage Shopping held by the Grantor are fully-paid, and not in bearer form.

 

5.3                               Repetition.  The representations and warranties set out in Section 5.2 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 VI.
 AFFIRMATIVE COVENANTS

 

6.1                               During the Term of this Agreement, the Grantor irrevocably covenants to the following:

 

5

 

(a)                                 The Grantor shall abide by the provisions of this Agreement, and refrain from any action or omission that may affect the viability or enforceability of this Agreement;

 

(b)                                 The Grantor shall notify the Grantee immediately of any litigation, arbitration, or administrative proceedings concerning Rampage Shopping or the equity interest in Rampage Shopping;

 

(c)                                  The Grantor shall execute all necessary or appropriate documents, file all necessary or appropriate complaints, raise (or, at the request of the Grantee, authorize the Grantee or the Designees) all necessary and appropriate defenses against all claims, and take all other appropriate actions necessary to maintain the Grantor’s ownership of the equity interest in Rampage Shopping, except for the enforcement of this Agreement or the Equity Pledge Agreement; and

 

(d)                                 The Grantor shall promptly notify the Grantee of any event that may impact the Grantee’s rights to any portion of the Shares or any of Grantor’s guarantees or obligations hereunder.

 

ARTICLE VII.
 NEGATIVE COVENANTS

 

7.1                               The Grantor irrevocably covenants that as long as he is a shareholder of Rampage Shopping, during the Term of this Agreement, he shall not:

 

(a)                                 sell, contract to sell, transfer, mortgage, or dispose, directly or indirectly, in any manner any of the Shares, or allow any placement thereon as a security interest, except to Grantee or Grantee’s Designee in accordance with the Equity Pledge Agreement or this 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 Shares, or allow the placement thereon of any security interest, except to Grantee or Grantee’s Designee in accordance with the Equity Pledge Agreement or this 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 Grantee.

 

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

 

ARTICLE VIII.
 NOTICES

 

8.1                               Each notice under this Agreement shall be in written English or Chinese, and delivered by telex, fax, or letter.  Each notice, communication, or other

 

6

 

document to be delivered to any Party to this Agreement shall be delivered to the Party’s address or fax number as set out below:

 

To Grantor:

 

Address: Column D

Tel: (86 21) 64950500 ext Column G

Fax: (86 21) 6490508

Attention: Column A

 

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

 

To the Grantee:

 

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

 

ARTICLE IX.
 ASSIGNMENTS AND TRANSFERS

 

9.1                               The Grantor shall not assign or delegate its rights and obligations under this Agreement without the Grantee’s prior written consent.

 

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

 

9.3                               This Agreement shall be binding upon the Grantor and his successors and any assigns permitted by the Grantee, and it shall be enforceable by the Grantee and each of its successors and assigns.

 

7

 

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

 

ARTICLE X.
 CONFIDENTIALITY

 

10.1                        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.

 

10.2                        This Section 10 shall survive for a period of two years following the termination of this Agreement.

 

ARTICLE XI.
 GOVERNING LAW AND SETTLEMENT OF DISPUTES

 

11.1                        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.

 

11.2                        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 XII.
 AMENDMENTS AND WAIVER

 

12.1                        Amendments.  This Agreement may not be amended or modified except in writing by the Grantee.

 

8

 

12.2                        No Implied Waivers.  The Grantee 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 Grantee under law. Any rights of the Grantee shall only be waived in writing by the Grantee, and any delay by the Grantee in the exercise of any of its right shall not constitute a waiver of such right.

 

ARTICLE XIII.
 MISCELLANEOUS

 

13.1                        Further Assurance.  The Grantor agrees to execute and deliver such further documents and do such other acts and things as the Grantee may reasonably request in order to fulfill the obligations of the Grantor under this Agreement and protect the Grantee’s interests.

 

13.2                        Entire Agreement.  This Agreement constitutes the entire Agreement between the Parties hereto in relation to the Purchase Option and supersedes 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.

 

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

 

13.4                        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.

 

13.5                        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]

 

9

 

IN WITNESS WHEREOF, the Parties have caused their respective duly authorized representatives to execute this Agreement as of the date first above written.

 

 

Column A

 

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

 

 

Schedule 1

 

SHANGHAI RAMPAGE SHOPPING CO., LTD.

RESOLUTION OF SHAREHOLDERS’ MEETING

 

The undersigned being all of the shareholders of SHANGHAI RAMPAGE SHOPPING Co., Ltd., a limited liability company duly incorporated and organized under the laws of the People’s Republic of China (hereinafter the “Company”), pursuant to the authority granted under the Articles of Association of the Company, do hereby unanimously agree to adopt the following resolutions:

 

RESOLVED, that the amended Articles of Association dated                      substantially in the form attached hereto as Exhibit A is hereby adopted as the Company’s amended Articles of Association;

 

FURTHER RESOLVED, that the Company is hereby authorized and empowered to approve the equity transfer under the Equity Transfer Agreement between the Company,                            and                            dated                     ; and

 

FURTHER RESOLVED, that                  is hereby authorized and empowered to execute all documents required for government approval of the Equity Transfer Agreement and Articles of Association approved herein on behalf of the Company. In addition, he/she is further authorized to do any further things of any nature whatsoever that she in her sole and unlimited discretion deems necessary or proper to effect and carrying-out the intent and purposes of the resolutions adopted herein.

 

IN WITNESS THEREOF, the undersigned have executed the foregoing consent as of                     .

 

	
 
    	
 
    
	
Huang Weiling
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Liu Guisheng
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Sang Xiaobing
    	
 
    

 

 

Schedule 2

Column A

 

as the Vendor

 

and

 

 

as the Purchaser

 

and

 

SHANGHAI RAMPAGE SHOPPING Co., Ltd.

 

as the Company

 

 

EQUITY TRANSFER AGREEMENT

 

 

Date:              

 

 

EQUITY TRANSFER AGREEMENT

 

THIS EQUITY TRANSFER AGREEMENT (this “Agreement”) is made and entered into on                            by and between the following parties:

 

1.              Column A, a citizen of the People’s Republic of China with Identification Card Number Column C and address Column D (the “Vendor”); and

 

2.                                                                                             (the “Purchaser”); and

 

3.              SHANGHAI RAMPAGE SHOPPING Co., Ltd., a limited liability company incorporated under the laws of the People’s Republic of China with its registered address at Unit 203, No. 68, Xiu Shan Road, Chong Ming Industrial Park, Shanghai, China (the “Company”).

 

The Vendor, Purchaser, and the Company are each hereinafter referred to individually as a “party” and collectively as “parties”.

 

R E C I T A L S

 

(A).                            The Company engages in commodities sales in the People’s Republic of China.

 

(B).                            The Vendor is the legal and beneficial owner of Column E of the equity interests of the Company (the “Equity Interests”).  The Vendor agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Vendor, the Equity Interests according to the terms and conditions contained in this Agreement.

 

Therefore, the parties agree as follows:

 

1.                                      Transfer of Equity Interests

 

Vendor hereby agrees to sell to Purchaser all right, title, and interest in and to all of the Equity Interests held by Vendor, free and clear of all encumbrances.

 

2.                                      Purchase Price

 

Purchaser shall pay to Vendor or its representative a purchase price for the Equity Interests in the amount of RMB                                (the “Purchase Price”).

 

3.                                      Notifications and Consents

 

Vendor hereby acknowledges that he has satisfied all Company investor notification requirements in a timely manner and has obtained the consents from such investors, as required under the PRC law, the Company’s Articles of Association, and any agreement governing the relationships between the Vendor and investors (if any) in relation to the Company.

 

 

4.                                      Conditions Precedent to the Transfer

 

The closing of the transfer (“Closing”) is subject to the following conditions precedent:

 

(a)                                 approval of the equity transfer effected by this Agreement by State Administration for Industry and Commerce (“SAIC”) or its local counterpart in Shanghai;

 

(b)                                 if required by applicable laws, approval of the equity transfer effected by this Agreement by Ministry of Commerce or its local counterpart in Shanghai;

 

(c)                                  registration of the change in shareholders with SAIC or its local counterpart in Shanghai; and

 

(d)                                 any other conditions that the parties may agree upon in writing.

 

5.                                      Liabilities of Breach

 

Each party shall incur liability to the other party and the Company for all direct or indirect damages and losses that arise from its breach of its obligations under this Agreement.

 

6.                                      Effectiveness and Termination

 

This Agreement is effective on the date of the Company’s registration with SAIC or its local counterpart in Shanghai of the changes in shareholders (the “Effective Date”).

 

7.                                      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.

 

8.                                      Dispute Resolution

 

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.

 

 

9.                                      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.                               Miscellaneous

 

Vendor shall assist Purchaser in completing all transfer procedures and provide all documents necessary to perfect all transfer procedures and requirements.

 

[REMAINDER OF PAGE INTENTIONALLY BLANK]

 

 

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

 

 

	
THE   PURCHASER
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature:
    	
)
    
	
 
    	
 
    
	
 
    	
 
    
	
THE   VENDOR
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Signature:
    	
)
    
	
 
    	
 
    
	
Name:
    	
Column A
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
SHANGHAI RAMPAGE SHOPPING   Co., Ltd.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
Corporate   Seal:
    	
)
    
			

 

 

Schedule 3

 

CONSENT

 

To Whom It May Concern:

 

I, the undersigned, Column A, a citizen of the People’s Republic of China with Chinese Identification Card No. Column C, acting in my capacity as a shareholder of SHANGHAI RAMPAGE SHOPPING Co., Ltd. (hereinafter the “Company”), hereby unconditionally give my consent, and waive the right of first refusal that I have at law and/or under the Articles of Association of the Company, in respect of the transfer of a equity interest in the Company from                                to                                   .

 

	
By:
    	
Column A
    	
 
    
	
 
    	
 
    	
 
    
	
Signature
    	
 
    	
 
    
				

 

 

	
 
    	
 
    	
Column A
    	
 
    	
Column B
    	
 
    	
Column C
    	
 
    	
Column D
    	
 
    	
Column E
    	
 
    	
Column F
    	
 
    	
Column G
    
	
1
    	
 
    	
Huang Wei ling
    	
 
    	
Nov 8, 2013
    	
 
    	
310104197806140025
    	
 
    	
Room 303,   No. 12, Wannansi Village, Xuhui District, Shanghai, China
    	
 
    	
50
    	
%
    	
RMB1,000,000
    	
 
    	
8330
    
	
2
    	
 
    	
Liu Guisheng
    	
 
    	
Sep 17, 2010
    	
 
    	
330328197802163479
    	
 
    	
Room 601,   No. 6, Lane 157, Zhenhua Road, Shanghai, China
    	
 
    	
25
    	
%
    	
Renminbi Five   Hundred Thousand (RMB 500,000)
    	
 
    	
8316
    
	
3
    	
 
    	
Sang Xiaobing
    	
 
    	
February 10,   2012
    	
 
    	
330702197207060430
    	
 
    	
Room 203,   Building 2, No. 11, Tongqu Lane, Wucheng Disctrict, Jinhua, Zhejiang   Province, China
    	
 
    	
25
    	
%
    	
RMB500,000
    	
 
    	
8288

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