Document:

Exhibit 10.1 - Severance Agreement dated October 5, 2012 with Michael W. Weber

Exhibit 10.1

SEVERANCE AGREEMENT

THIS SEVERANCE AGREEMENT ("Agreement") is made and entered into effective October 5, 2012 by and between XRS Corporation ("XRS" or the “Company”) and Michael W. Weber ("Employee"). This Agreement establishes certain payment provisions in the event that Employee is separated from employment with XRS under the identified circumstances below. This Agreement does not create a contract of employment, and Employee continues as an employee at will. This Agreement supersedes and replaces in its entirety any previous severance arrangements between the Company and Employee, including without limitation the severance arrangements described in the letter dated February 8, 2011 from XATA Corporation to Mike Weber.

		
	1. 
	Definitions.

“Change of Control” means any of the following events: 

		
	(a)
	A sale, consolidation, merger, acquisition or affiliation which results in the stockholders of the Company (determined immediately prior to the consummation of the transaction) holding immediately after consummation of such transaction less than 45% of the total outstanding capital stock of the surviving or successor corporation in the transaction (the “Surviving Corporation”); or 

		
	(b)
	A sale, consolidation, merger, or acquisition in which the Company becomes accountable to, or a part of, a newly created company or controlling organization where at least 51% of the members of the Board of the newly created Company or controlling organization were not members of the Company’s Board immediately prior to such sale, consolidation, merger, or acquisition; or 

		
	(c) 
	A sale or other disposition by the Company of all or substantially all of the assets of the Company.

“Good Reason” shall mean any of the following events:

		
	(i)
	Assignment to Employee by XRS of duties which are materially inconsistent with Employee’s then current position, duties, responsibilities, and status with XRS, except in connection with the termination of his employment for Disability (as defined below) or Cause, or

		
	(ii)
	A material diminution of Employee’s then current compensation, unless such compensation is reduced as part of a Companywide reduction for similar executives;

provided that Employee has provided notice to XRS of the occurrence of an event listed above within thirty (30) days of the occurrence and such event is not fully remedied by XRS within thirty (30) days after XRS’ receipt of written notice from Employee.

“Cause” shall mean either of the following events:

		
	(a)
	Any conviction or nolo contendere plea by Employee to a felony or gross misdemeanor, or misdemeanor involving moral turpitude, or any public conduct by Employee that has or can reasonably be expected to have a material detrimental effect on XRS; or

		
	(b)
	Any fraud, misappropriations or embezzlement, breach of confidentiality, noncompetition, fiduciary duty or other material obligation to Company, by Employee or intentional material damage to the property or business of XRS.

2.    Termination and Severance.

 If (a) XRS or its successor terminates Employee's employment for any reason other than for Cause, whether or not a Change of Control has occurred, or (b) Employee terminates employment for Good Reason within six-months following a Change of Control, XRS or its successor entity shall:

		
	(a)
	pay Employee as severance either (I) Employee’s monthly base salary in effect at the time of separation if severance is triggered under Section 2(a) above or (II) Employee’s monthly base salary in effect immediately prior to the Change of Control if severance is triggered under Section 2(b) above; less customary withholdings, for twelve (12) consecutive months beginning within fifteen (15) days after the General Release (referred to below) has become irrevocable, but only if:  (A) Employee has delivered to XRS or its successor a signed General Release in the form attached as Exhibit A, (B) the rescission period in Section 5 of the General Release has expired and (c) Employee has not rescinded that General Release during that rescission period;

		
	(b)
	reimbursement for outplacement services for a period of six (6) months not to exceed $10,000.00, and  

		
	(c)
	if Employee timely elects to continue Employee’s group health and dental insurance coverage pursuant to applicable COBRA/continuation law and the terms of the respective benefit plans, pay on Employee's behalf the Employer portions of such premiums for such coverage for the lesser of twelve (12) months or such time as Employee's COBRA/continuation rights expire (during that period the Employee shall pay the monthly Employee portions of such premiums in an amount equal to the monthly Employee paid portions in effect immediately before termination of employment).

Any other provision of this Agreement notwithstanding, XRS may terminate Employee's employment without notice if the termination is based on Cause.  In the event of a termination for Cause, and not withstanding any contrary provision otherwise stated, Employee shall receive only Employee’s base salary earned through the date of termination.

XRS may, subject to applicable law, terminate this Agreement by giving Employee two (2) months notice if Employee, due to sickness or injury, is prevented from carrying out his essential job functions for a period of six (6) months or longer.  In the event of such termination, Employee shall receive only that compensation earned through the date of termination; provided, however, that Employee shall be entitled to all or a portion of any bonus due Employee pursuant to any bonus plan or arrangement established prior to termination, to the extent earned or performed based upon the requirements or criteria of such plan or arrangement, as the Board shall in good faith determine.

  

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Employee's employment and this Agreement will be deemed terminated upon the death of the Employee.  In the event of such termination, Employee shall receive only compensation earned through the date of termination provided, however, that Employee shall be entitled to all or a portion of any bonus due Employee pursuant to any bonus plan or arrangement established prior to termination, to the extent earned or performed based upon the requirements or criteria of such plan or arrangement, as the Board shall in good faith determine.

This Agreement does not limit or reduce any amounts payable to Employee under the terms of any cash bonus or equity incentive compensation plans.

3.    Miscellaneous.

  Governing Law.  This Agreement shall be governed and construed according to the laws of the State of Minnesota.

 Insurance.  For the period from the date hereof through at least the second anniversary of Employee’s termination of employment from Company or XRS, Company and XRS agree to maintain Employee as an insured party on all directors’ and officers’ insurance maintained by the Company and XRS for the benefit of its directors and officers on at least the same basis as all other covered individuals and provide Employee with at least the same corporate indemnification as its officers.
 Successors.  This Agreement is personal to Employee and Employee may not assign or transfer any part of his rights or duties hereunder, or any compensation due to him hereunder, to any other person or entity.  This Agreement may be assigned by XRS and XRS shall require any successors or assigns to expressly assume and agree to perform XRS's obligations under this Agreement.

 Modification.  This Agreement supersedes and replaces any and all prior oral or written understandings, if any, between the parties relating to the subject matter of this Agreement, which are hereby revoked.  The parties agree that this Agreement (a) is the entire understanding and agreement between the parties and (b) is the complete and exclusive statement of the terms and conditions thereof, and there are no other written or oral agreements in regard to the subject matter of this Agreement.  This Agreement shall not be changed or modified except by a written document signed by the parties hereto.

Survival.  This Agreement shall be binding upon XRS and its successors and assigns, and shall continue in effect before and after a Change of Control. 

Tax Withholding/Section 409A.  XRS may withhold from any amounts payable under this Agreement such federal, state and local income and employment taxes as XRS determines are required to be withheld pursuant to any applicable law or regulations.  This Agreement is intended to be exempt from the requirements of Section 409A(a)(2), (3) and (4) of the Internal Revenue Code and should be interpreted accordingly.  Notwithstanding anything in this Agreement to the contrary, in no event will the amounts payable under Section 2(i) exceed the limit allowed for an “involuntary separation from service plan” under Treas. Reg. § 1.409A-1(b)(9)(iii).

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IN WITNESS WHEREOF the following parties have executed the above instrument the day and year first above written.

XRS Corporation

By:  /s/ John J. Coughlan    
Its: Chief Executive Officer

/s/ Michael W. Weber    
     Michael W. Weber

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EXHIBIT A

GENERAL RELEASE

This General Release (the “General Release”) is made and entered into as of the ______ day of ______________, between Michael W. Weber (“Weber”) and XRS Corporation, a Minnesota corporation (XRS Corporation and its successors are jointly and severally referred to herein as “XRS”).
 
WHEREAS, XRS and Weber entered into a Severance Agreement dated October 5, 2012 (the “Severance Agreement”), which provides for the payment of certain severance payments to Weber if the payment conditions are met under the Severance Agreement;

WHEREAS, under the Severance Agreement, Weber must execute and deliver this General Release as a condition precedent to the receipt of severance payments under the Severance Agreement;

WHEREAS, Weber is no longer an officer or employee of XRS (the final date of Weber’s employment with XRS is referred to as the “Final Date of Employment”); and

WHEREAS, Weber intends to settle any and all claims that Weber has or may have against XRS, except for the continuing obligations of XRS described in Section 1 below;

NOW, THEREFORE, in consideration of the foregoing, Weber and XRS agree as follows:

1.    Continuing Obligations of XRS.   This General Release does not amend, waive or discharge any obligations of XRS to Weber under any of the following (collectively, the “Continuing Obligations of XRS”):

		
	(a)
	the Severance Agreement;

		
	(b)
	accrued and unpaid salary through the Final Date of Employment;

		
	(c)
	PTO (personal time off) and other employee benefits applicable to Weber as of the Final Date of Employment;

		
	(d)
	any cash or equity compensation plans, arrangements or equity grants  in effect as of the Final Date of Employment (those compensation or equity arrangements are governed by the respective plan or grant document, and are not amended, extended or terminated by this General Release);

		
	(e)
	the terms of the Articles of Incorporation and Bylaws of XRS, as applicable to officers of XRS as of the Final Date of Employment;

		
	(f)
	the provisions of the Minnesota Business Corporation Act, as applicable to officers of XRS as of the Final Date of Employment;

		
	(g)
	the officers & directors insurance for XRS, as applicable to officers of XRS as of the Final Date of Employment;

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	(h)
	if Weber is a shareholder of XRS, any obligations of XRS to Weber as a shareholder;

		
	(i)
	any written agreement or arrangements, if any, which obligate XRS to indemnify and/or purchase officers & directors insurance for the officers of XRS (who served in such capacity as of the Final Date of Employment); or

		
	(j)
	any other applicable statute or regulation which obligates XRS to indemnify officers of XRS (who served in such capacity as of the Final Date of Employment).

2.    Release of Claims.  

		
	(a)
	Except only for the Continuing Obligations of XRS, in consideration of the first $5,000 in severance that is payable under the Severance Agreement, Weber hereby fully and completely releases and waives any and all claims, complaints, causes of action, demands, suits, and damages, of any kind or character, which Weber has or may have against the Releasees (as hereinafter defined), arising out of any acts, omissions, conduct, decisions, behavior, or events occurring up through the date of Weber’s  signature on this General Release, including Weber’s employment with XRS and the cessation of that employment, with the exception of possible claims under the Age Discrimination in Employment Act.  For purposes of this General Release, the “Releasees” means collectively XRS, its predecessors, successors, assigns, parents, affiliates, subsidiaries, related companies, officers, directors, shareholders, agents, servants, auditors, attorneys, employees, and insurers, and each and all thereof.  Weber understands and accepts that Weber’s release of claims includes any and all possible claims, both known or unknown, asserted or unasserted, direct or indirect, including but not limited to claims based upon:

		
	(i)
	Title VII of the Federal Civil Rights Act of 1964, as amended;

		
	(ii)
	the Americans with Disabilities Act; the Equal Pay Act;

		
	(iii)
	the Fair Labor Standards Act; the Employee Retirement Income Security Act; or

		
	(iv)
	any other federal, state or local statute, ordinance or law.  

Weber also understands and agrees that, except only for the Continuing Obligations of XRS, Weber is giving up all other claims, including those grounded in contract or tort theories, including but not limited to:  wrongful discharge; violation of Minnesota law; breach of contract; tortious interference with contractual relations; promissory estoppel; breach of the implied covenant of good faith and fair dealing; breach of express or implied promise; breach of manuals or other policies; assault; battery; fraud; sexual harassment; false imprisonment; invasion of privacy; intentional or negligent misrepresentation; defamation, including libel, slander, discharge defamation and self-publication defamation; discharge in violation of public policy; whistleblower; intentional or negligent infliction of emotional distress; or any other theory, whether legal or equitable.

Weber further understands and agrees that, except only for the Continuing Obligations of XRS, Weber is releasing, and does hereby release, any claims for damages, by charge or otherwise, whether brought by Weber or Weber’s behalf by any other party, governmental or otherwise, and agrees not to institute any claims for damages via administrative or legal 

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proceedings against any of the Releasees.  Weber also waives and releases any and all rights to money damages or other legal relief awarded by any governmental agency related to any charge or other claim against any of the Releasees.

		
	(b)
	Except only for the Continuing Obligations of XRS, in consideration of the remainder of the severance that is payable under the Severance Agreement (after the first $5,000 referred to in Section 2(a) above), Weber hereby fully and completely releases the Releasees from each and every legal claim or demand of any kind that Weber ever had or might now have arising out of any action, conduct, or decision taking place during Weber’s employment with XRS, asserted or unasserted, known or unknown, direct or indirect, arising under or relating to the Age Discrimination in Employment Act, as amended.

3.    Other Agreements.   This General Release does not amend, waive or discharge any obligations of Weber under the noncompetition and nondisclosure agreement entered into between Weber and XRS when Weber first became an employee of XRS.

4.    Acceptance Period; Advice of Counsel.  The terms of this General Release will be open for acceptance by Weber for a period of 21 days after the Final Date of Employment, during which time Weber may consider whether or not to accept and sign this General Release.  Weber agrees that changes to this General Release, whether material or immaterial, will not restart this acceptance period.  Weber is advised to seek the advice of an attorney before signing this General Release (at Weber’s own expense).

5.    Rescission.  Weber has been informed of Weber’s right to rescind this General Release by written notice to XRS within fifteen (15) calendar days after the execution of this General Release.  Weber has been informed and understands that any such rescission must be in writing and delivered by hand, or sent by U.S. Mail within that 15-day time period to the attention of XRS’ General Counsel, at XRS’  principal office address.  If delivered by U.S. Mail, the rescission must be:  (1) postmarked within that 15-day period and (2) sent by certified mail, return receipt requested.  Weber understands and agreed that XRS will have no obligations to pay severance under the Severance Agreement if Weber delivers a timely notice of rescission to XRS.

6.    Binding Agreement.  This General Release shall be binding upon, and inure to the benefit of, Weber and XRS and their respective successors and permitted assigns.

7.    Representation.  Weber acknowledges and states that Weber has read this General Release. Weber further represents that this General Release is written in language which is understandable to Weber, that Weber fully appreciates the meaning of its terms, and that Weber enters into this General Release freely and voluntarily.

8.    Non-Admission.  It is understood and agreed that this General Release does not constitute an admission by XRS of any liability, wrongdoing, or violation of any law.  Further, XRS expressly denies any wrongdoing of any kind whatsoever in its actions and dealings with Weber.

9.    Amendments.  No amendment or modification of this General Release shall be deemed effective unless made in writing and signed by Weber and XRS.    

                        

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XRS Corporation

_______________________________        By: _____________________________
Michael W. Weber                Title: ____________________________

Date Signed: ____________________        Date Signed: ______________________

4exh10-1.htm

Exhibit 10.1

西迪艾北京公司股权转让协议

CDI Beijing Equity Transfer Agreement

甲方:西迪艾(上海)企业管理有限公司

地址:上海市茂名南路59号锦江饭店峻岭楼W635座

Party A: CDI Shanghai Management CO., Ltd.

Address: 59 South Maoming Rd. Jinjiang Hotel Junling Building W635, Shanghai, China.

乙方:陈驰         身份证:350321197110096454

地址:北京市朝阳区奥运村B1 二单元 602室

电话:13801385000

Party B: Chi Chen                                                      ID Number: 350321197110096454

Address: Unit 2, Room 602, Olympic Village B1, Chaoyang Area, Beijing, China

丙方:西迪艾(北京)国际贸易有限公司

地址:北京市昌平区建材城西路上奥世纪A座2202室

Party C: CDI Beijing International Trading Co., Ltd.

Address: West Jiancaicheng Rd. Shangaoshiji Mansion A Room.2202, Changping District, Beijing, China

丁方:陈惠娟                                  身份证: 350302198308120822

地址:北京市朝阳区奥运村B1 二单元 602室

Party D: Huijuan Chen                                                                   ID Number: 350302198308120822

Address: Unit 2, Room 602, Olympic Village B1, Chaoyang Area, Beijing, China

鉴于甲方西迪艾(上海)企业管理有限公司和乙方陈驰先生于2008年共同出资成立了丙方西迪艾(北京)国际贸易有限公司,其中甲方出资额总股本的51%,乙方出资额总股本的49%。

Whereas, Party A and Party B jointly founded CDI Beijing International Trading Co., Ltd. (“CDI Beijing”) in 2008, among which, Party A’s capital investment accounts for 51% of the total capital and Party B’s investments accounts for 49% of total capital.

现甲乙双方本着平等互利的原则,经友好协商,就甲方将其持有51 %的股权转让给乙方的有关事项,达成一致如下协议。

Whereas, through fair and friendly consultation, Party A and Party B have agreed to the following terms in regard to the transfer of Party A’s 51% equity in CDI Beijing to Party B.

一、股权转让价格

1. Equity Transfer Price

以2011年12月31日丙方调整披露的财务报表(资产负债表,利润表)为参考依据,甲方同意从2012年10月1日起,将其持有丙方51%股权及相应的权利、义务转让给乙方,作价人民币壹仟零贰拾万元整(¥1020万元),乙方同意按此价格购买甲方的上述股权。股权转让如涉及税费,由乙丙方承担。

Based on Party C’s adjusted and disclosed financial statements (balance sheet and income statement) as of and for the period ended December 31, 2011, Party A agrees to transfer the 51% equity owned in Party C and all of the related rights and obligations to Party B for the total price of RMB 10,200,000 (approximately $1,614,000) , and Party B agrees to purchase the above stated equity with this purchase price. Party B and Party C will be responsible for any taxes or other expenses incurred due to the equity transfer.

  

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二、支付方式

2. Method of Payment

乙方于2012年9月30日起至2016年9月30日止,分五次支付给甲方,并从2012年10月1日开始按年9%的利率支付股本金所占用的财务费用,在第五次支付股本金的同时支付全部利息。具体支付的时间和金额作如下约定:

Payment will be made by Party B to Party A in 5 installments from September 30, 2012 to September 30, 2016. A 9% annual interest rate will be used to calculate the interest on the residual payment starting October 1, 2012, and all accumulated interest shall be paid at the fifth and final payment of the principal amount. Below is the agreed payment schedule:

2012年的第一笔股权乙方同意用部分房产予以抵付,具体价格以双方协定价格为准(初步价格为人民币27000 – 31000元/平米左右)。即上述房产价格扣除双方签订的《管理协议》的管理费用人民币壹佰贰拾贰万肆仟元整(RMB1,224,000)剩余部分价款加人民币伍拾万元(RMB 500,000)为本次转让的第一笔股权转让款。双方同意现金支付为2012年10月1日前,其他付款时间以房产交割的法定手续完备之日为付款确认时间。详见下表:

The first payment shall be in the form of cash and a rental condominium real estate property owned by Party B. The value of the rental condominium shall be determined by the parties (approximately $400 - $460 per square foot). The value of the rental condominium shall be applied to pay back management fee of RMB 1,224,000 (approximately $194,000) that Party C owed to Party A, with the residual value applied to pay the first installment. Party B shall also pay cash of RMB 500,000 (approximately $80,000) to Party A as part of the first installment. The cash payment date shall be before October 1, 2012 and the payment date for the real estate property shall be the date of completion of the real estate transfer. See schedule below:

单位:元

 

	
序号

	 	
付款时间

	 	
股本

	 	
计提利息

	 	
合计支付

	 
	 	1	 	
2012年12月30日前

(房产转让手续完备之日)

 

	 	
 

部分房款

(全部房产款扣除应支付给甲方管理费后的剩余部分)

 

	 	
房产转让手续完备日之前全部的

股本金利息

 

	 	
待计算

 

	 
	 	2	 	
2013年9月30日

 

	 	
2,000,000

 

	 	
待计算

 

	 	
2,000,000

 

	 
	 	3	 	
2014年9月30日

 

	 	
2,000,000

 

	 	
待计算

 

	 	
2,000,000

 

	 
	 	4	 	
2015年9月30日

 

	 	
2,000,000

 

	 	
待计算

 

	 	
2,000,000

 

	 
	 	5	 	
2016年9月30日

 

	 	
1,020,000—已付股本金

 

	 	
待计算

 

	 	
待计算

 

	 
	
合计

 

	 	  	 	
10,200,000

 

	 	  	 	 	 

 

  

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Unit: RMB or otherwise indicated

 

	
No.

	 	
Payment Date

	 	
Principal Amount

	 	
Interest

	 	
Total Payment

	 
	 	1	 	
Before 12/30/2012 

(Date of completion of real estate transfer)

 

	 	
 

Partial of Real Estate

 (Total of real estate less payment of management fees party C owed to Party A)

 

	 	
All interest accumulated prior to the date of completion of real estate transfer

 

	 	
To Be Calculated

 

	 
	 	2	 	
9/30/2013

 

	 	
2,000,000

(approximately $317,000)

 

	 	
To Be Calculated

 

	 	
2,000,000

(approximately $317,000)

 

	 
	 	3	 	
9/30/2014

 

	 	
2,000,000

(approximately $317,000)

 

	 	
To Be Calculated

 

	 	
2,000,,000

(approximately $317,000)

 

	 
	 	4	 	
9/30/2015

 

	 	
2,000,000

(approximately $317,000)

 

	 	
To Be Calculated

 

	 	
2,000,000

(approximately $317,000)

 

	 
	 	5	 	
9/30/2016

 

	 	
1,020,000 less portions of principal amount paid

 

	 	
To Be Calculated

 

	 	
To Be Calculated

 

	 
	
Total

 

	 	  	 	
10,200,000

(approximately $1,614,000)

 

	 	  	 	  	 

 

三、相关事项

3. Relevant Matters

1.在2012年10月1日前,甲、乙双方仍按照2009年10月1日签订的《西迪艾(北京)国际贸易有限公司管理协议》执行。待结清所有管理费,且乙方支付的第一笔股权转让款(或房产)确认后,甲、乙双方配合操作工商变更登记及相关手续。

Prior to October 1, 2012, Party A and Party B shall execute according to the “CDI Beijing International Trading Co., Ltd. Management Agreement”. After all management fees are paid and cleared, and the transfer of the first payment (or real estate) made by Party B is confirmed, Party A and Party B shall cooperate to register of the changes with the Business Bureau and other related legal formalities.

 

2.丙方所有债务由乙方承担。如甲方或甲方关联公司在任何时候因丙方债务受到任何权益损失,丙方应无条件向甲方或甲方关联公司补赔相应损失,乙、丁方对此承担连带责任。

All liabilities incurred by Party C shall be responsible by Party B. If at any time Party A or Party A’s related parties incur any loss or damage due to Party C’s liabilities, Party C shall unconditionally compensate Party A or Party A’s related parties for the amount of loss or damage. Party B and Party D shall have joint liability with Party C.

3.如甲、乙双方按照政府主管部门要求递送的任何其他的协议等法律文件与本协议的条款有任何冲突的,以本协议的条款为准。

If there is any conflict between this Agreement and any other agreements or legal documents submitted by Party A and Party B for compliance with any request from any government entity, the terms on this Agreement shall prevail.

  

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4.乙方应切实履行本协议第二条项下付款义务(包括管理费、股权转让款、财务费用),如乙方未能按时履行付款义务,应向甲方承担违约责任。

Party B shall truthfully execute the payment obligation stated in Clause 2 of this Agreement (including management fee, equity transfer payments, other expenses). Party B shall be responsible for breaching of contract if Party B fails to make timely payments.

5.乙方以其全部债权、丙、丁方以其全部资产及债权对本协议项下乙方应付款项(包括但不限于第二条项下款项、律师费、诉讼费及甲方采取一切措施追索相关款项所发生费用)承担连带担保责任。上述担保责任期限为不履行上述责任后的起始日算起两年。

Party B shall guarantee all of its payment obligations under this Agreement (including but not limited to payments under Clause 2, legal and arbitration fees, and all expenses incurred by Party A in attempt to recover related payments) with all of its rights and obligations. Party C and D shall guarantee Party B’s payment obligations with all of their assets.

6.本协议自甲、乙、丙、丁签署后成立,自乙向甲方支付第一笔股权转让款确认后生效。

This Agreement shall be effective after being signed by Parties A, B, C and D.

7.凡因本协议引起的或与本协议有关的任何争议,甲乙双方应友好协商解决。如协商不成,均可向甲方所在地法院提起诉讼。

Any disputes arising from this Agreement or related to this Agreement shall be resolved by friendly consultation between Party A and Party B. If consultation fails, either party may apply for arbitration at the court house local to Party A.

8.本协议正本一式四份,甲、乙、丙、丁四方各执一份,具有同等法律效力。

This Agreement shall have four originals of the same format and shall be equally effective . Parties A, B, C and D shall each hold one copy.

(以下无正文)

(no text below)

  

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甲方(转让方):西迪艾(上海)企业管理有限公司(盖章)

法定代表人签字:庄小文

日期:2012年10月8日

Party A (Transferor): CDI Shanghai Management CO., Ltd. (Seal)

Signature of Legal Representative: /s/: Xiaowen Zhuang

Date: 10/8/2012

乙方(受让方):陈驰

签字:陈驰

日期:2012年10月8日

Party B (Transferee): Chi Chen

Signature: /s/: Chi Chen

Date: 10/8/2012

丙方:西迪艾(北京)国际贸易有限公司

法定代表人签字:陈驰

日期:2012年10月8日

Party C: CDI Beijing International Trading Co., Ltd. (Seal)

Signature of Legal Representative: /s/: Chi Chen

Date: 10/8/2012

丁方(担保方):陈惠娟

签字:陈惠娟

日期:2012年10月8日

Party D (Guarantor): Huijuan Chen

Signature: /s/: Huijuan Chen

Date: 10/8/2012

  

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