Document:

f8k42810ex10i_chinareal.htm

     

     

    
      Exhibit
10.1

       

      

       

       

      

       

       

      Equity Transfer
Agreement

       

       

      By
and Between

       

       

      Guangzhou
Linda Electronic Co. Ltd.

       

       

      (as Transferor)

       

       

      and

       

       

      Hong
Kong International Lighting Co. Ltd.

       

       

      (as Transferee)

       

       

      Dated: March 11,
2010

       

       

      
        
          

        

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      

       

       

      
      

       

      Translated
from Chinese

       

      This
Agreement is entered into by the following parties on March 11,
2010:

       

      Transferor:
Guangzhou Linda Electronic Co. Ltd.

       

      Transferee:
Hong Kong International Lighting Co. Ltd.

       

      Both the
Transferor and Transferee are the shareholders of Guangzhou Linda Illumination
Industrial Co., Ltd. in which Transferor holds 75% equity and Transferor holds
25% equity. In order to enhance economic benefits, based on the principle of
good faith and mutual benefit, and in accordance with the relevant laws and
regulations of the People’s Republic of China, the parties to this Agreement
have reached the following agreement through friendly consultation:

       

      1. The
Transferee-- Hong Kong International Lighting agrees to receive the 75% equity
held by the Transferor--Guangzhou Linda Electronic Co. Ltd. by payment in
cash.

       

      2. The
Transferee shall receive the above equity of the Transferor by payment of an
aggregate amount of HK dollar Seven Hundred and Fifty Thousand (HKD
750,000).

       

      3. After
this agreements is effective and the Transferee pays an aggregate amount of HK
dollar Seven Hundred and Fifty Thousand (HKD 750,000) to Transferor, transferee
become proprietor shareholder of Guangzhou Linda Illumination Industrial Co.,
Ltd.

       

      4. The
equity transfer shall be deemed to have been closed after the Transferee has
completed the formalities of amendment of registration with industry and
commerce administration with the assistance of the Transferor. And all the cost
of transfer shall be paid by Transferee.

       

      5. When
transferee receives the ownership of equity from transferor, transferee will
adjust and promote the articles of association and relative documents, and to
register the changes.

       

      6. The
claims and debts of Guangzhou Linda Illumination Industrial Co., Ltd before or
after the transfer shall be claimed by the company. If there is compensation to
the shareholders by law, the new shareholders shall assume the corresponding
responsibility. Shareholders’ personal claims and debts will be still taken
responsibility by themselves.

       

      7. After
equity transfer, Transferee shall enjoy the shareholders equity and assume
obligations according to the proportion of its shareholding in the company; the
Transferor will lose their shareholder identity and shareholder
equity.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

       

      Translated
from Chinese

       

      8. This
Agreement is signed in four originals. Each Party (Guangzhou Linda Electronic,
Hong Kong International Lighting, and Guangzhou Linda Illumination Industrial)
shall have one original, and one original shall be filed with the administration
of industry and commerce.

       

      9. This
Agreement shall become effective as of the date when the legal representatives
(or authorized representatives) of the Parties sign and affix the company seal
to this Agreement.

       

       

      

       

       

      

       

       

      Signature
Page

       

       

      (No Body
Text on This Page)

       

      
        	 
      	 
      	 
      
	
                Transferor:

              	 
      	
                Transferee:

              
	
                Guangzhou
      Linda Electronic Co. Ltd.

              	 
      	
                Hong
      Kong International Lighting Co. Ltd

              
	
                (Seal)

              	 
      	
                (Seal)

              
	 
      	 
      	 
      
	
                By:/s/
      Shi Maolin, Shi Rong

                Qin
      Landan, Shi Chunfang

              	 
      	
                By:
      /s/ Shi Maolin

              
	
                
                

              	 
      	
                
                

              
	
                Legal
      Representative/Authorized Representative

              	 
      	
                Legal
      Representative/Authorized
Representative

              

      

       

      Dated:
March 11, 2010f8k42010ex4i_soko.htm

Exhibit 4.1

 

AMENDMENT TO COMMON STOCK PURCHASE WARRANT

This AMENDMENT TOCOMMON STOCK PURCHASE WARRANT (this “Amendment”) is entered into as of April 16, 2010 by and between SOKO Fitness & Spa Group, Inc., a Delaware corporation formerly known as American Business Holdings, Inc. (the “Company”) and the undersigned holders of Warrants (as defined below) (each a “Holder” and, collectively, “Holders”).

WHEREAS, the holders have heretofore been issued, and currently hold, certain warrants, dated April 7, 2008 (the “Warrants”) to purchase an aggregate of 2,000,000 shares of the Company’s common stock, par value $.001 (the “Common Stock”);

WHEREAS, the Company and the Holders are concurrently with the execution hereof entering into a Settlement Agreement (the “Settlement Agreement”) and a Consent and Participation Agreement (the “Consent and Participation Agreement”), each dated as of the date hereof; and

 

WHEREAS, in connection with their entry into the Settlement Agreement and the Consent and Participation Agreement, each Holder and the Company desire, pursuant to Section 5(l) of the Warrants, to amend the Warrants on the terms set forth herein.

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby amend the Warrants and otherwise agree as follows:

1. Amendments.  Each Holder and the Company hereby amend their respective Warrants as follows:

(a) Section 2(a) of the Warrants (Exercise of Warrant) is hereby deleted in its entirety and replaced by the following:

“a)           Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial Exercise Date and on or before 5:00 p.m New York time on the Termination Date by delivery to the Company of a duly executed facsimile copy of the Notice of Exercise Form annexed hereto (or such other office or agency of the Company as it may designate by notice in writing to the registered Holder at the address of such Holder appearing on the books of the Company); and, within 3 Trading Days of the date said Notice of Exercise is delivered to the Company, the Company shall have received payment of the aggregate Exercise Price of the shares thereby purchased by wire transfer or cashier’s check drawn on a United States bank; provided, however, the Holders’ ability to  exercise this Warrant shall be limited to the extent such Holder’s beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) would exceed 9.99% of the Company’s outstanding Common Stock.  Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in 

 

  

  

  

 

full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within 3 Trading Days of the date the final Notice of Exercise is delivered to the Company.  Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased.  The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases.  After any exercise, the Holder and the Company shall confirm with each other the total amount of Warrants remaining to be exercised.  The Company shall deliver any objection to any Notice of Exercise Form within 3 Business Days of receipt of such notice.  The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.”

(b) Section 3(b) of the Warrants (Subsequent Equity Sales) is hereby deleted in its entirety and is of no further force and effect.

(c) Section 3(f) of the Warrants (Fundamental Transaction) is hereby deleted in its entirety and is of no further force and effect.

2. Ratification.  Except as expressly amended by this Amendment, the terms and conditions of each Warrant are hereby confirmed and shall remain in full force and effect without impairment or modification.

3. Ownership; Power and Authority.  The Holder represents and warrants that it is the sole beneficial and record owner of the Warrant and that there is no other holder of the Warrant or any interest therein and that it has the full power and authority to enter into this Amendment.

4. Conflict.  In the event of any conflict between any Warrant and this Amendment, the terms of this Amendment shall govern.

5. Certain Defined Terms.  Capitalized terms used but not defined herein shall have the meanings given to such terms in the applicable Warrant.

6. Binding Effect.  The parties acknowledge and agree that this Amendment complies with all of the applicable terms and conditions set forth in Section 4 (l) of the Warrant that are necessary to effect an amendment to such Warrant that binds the parties and therefore, upon the execution and delivery hereof by the parties, this Amendment shall have such binding effect.

7. Governing Law.  This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to applicable principles of conflicts of law that would require the application of the laws of any other jurisdiction.

 

  

  

  

 

8. Counterparts.  This Amendment may be executed in any number of counterparts, , in PDF format or by facsimile, each of which shall be deemed to be an original, and all of which taken together shall constitute one and the same instrument. 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered on their behalf as of the date first above written.

 

 

	 	SOKO FITNESS & SPA GROUP, INC.	 
	 	 	 	 
	
 

	
By: 

	/s/ Tong Liu	 
	 	 	Name: Tong Liu	 
	 	 	Title:   Chairman & Chief Executive Officer	 
	 	 	 	 

	 	GUERRILLA PARTNERS, LP	 
	 	 	 
	 	By: Guerrilla Capital Management, L.L.C.	 
	 	 	 	 
	
 

	
By: 

	/s/ Peter Siris	 
	 	 	Name:  Peter Siris	 
	 	 	Title:    Principal	 
	 	 	 	 

 

	 	HUA-MEI 21ST CENTURY PARTNER, L.P.	 
	 	 	 
	 	By: Guerrilla Capital Management, L.L.C.	 
	 	 	 	 
	
 

	
By: 

	/s/ Peter Siris	 
	 	 	Name:  Peter Siris	 
	 	 	Title:    Principal	 
	 	 	 	 

 

	 	JAMES J.FULD, JR. IRA	 
	 	 	 	 
	
 

	
By: 

	/s/ James J. Fuld 	 
	 	 	Name:  James J. Fuld	 
	 	 	Title:    Authorized Signatory

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