Termination Agreement regarding the Equity Pledge Agreement
Termination Agreement regarding
the Equity Pledge Agreement
Party A: Detian Yu Biotechnology (Beijing) Co. Limited （德天御生态科技（北京）有限公司）
Domicile: Unit 807, Building A, North Star Century Centre, North Star Road West No. 8 Yuan, Chaoyang District, Beijing （北京市▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇）
▇▇▇▇▇ ▇: ▇▇▇▇ Wenjun (▇▇▇)
ID Card No.: 142401197309042739
Party C: ▇▇▇ ▇▇▇▇▇▇▇▇（▇▇▇）
ID Card No.: 14240119740912343X
Party D: ▇▇▇▇ ▇▇▇▇▇▇▇(▇▇▇)
ID Card No.: 510321196401111437
Party E: ▇▇▇▇ ▇▇▇▇▇▇▇(▇▇▇)
ID Card No.: 110108196812105473
Party F: ▇▇▇ ▇▇(任立)
ID Card No.: 130502196302201518
Party G: ▇▇▇ ▇▇▇▇▇▇▇▇(▇▇▇)
ID Card No.: 14240119811206551X
Party H: ▇▇▇▇▇ ▇▇▇▇▇(▇▇▇)
ID Card No.: 14240119711122481X
Party I: ▇▇▇▇ ▇▇▇ (▇▇)
1
WHEREAS:
|
1.
|
Party A, Party B, Party C, Party D, Party E, Party F, Party G, Party H and Party I have entered into an Equity Pledge Agreement dated November 16, 2010, pursuant to which Party B, Party C, Party D, Party E, Party F, Party G, Party H and Party I agree to pledge all of their equity interests in Beijing Jundaqianyuan Investment Management Co., Ltd. (北京君大乾元投资管理有限公司) (hereinafter referred to as “Jundaqianyuan”) to Party A, to guarantee the performance of all the obligations or debts under the Business Cooperation Agreement and Exclusive Management and Consulting Service Agreement both dated November 16, 2010 assumed by Jundaqianyuan, and to counter-guarantee the payment made by Party A to Jundaqianyuan for the performance of joint and several liabilities guarantee assumed by the Party A under the Business Operation Agreement.
|
|
2.
|
The Exclusive Management and Consulting Service Agreement and Business Cooperation Agreement entered into by and between Party A and Jundaqianyuan on November 16, 2010 have been terminated on 【】; the Business Operation Agreement entered into by and between Party A and Jundaqianyuan, Party B, Party C, Party D, Party E, Party F, Party G, Party H, Party I on November 16, 2010 has been terminated on 【】.
|
|
3.
|
As provided in the Equity Pledge Agreement, the pledge period is from the signing date of such agreement to the date that the Exclusive Management and Consulting Service Agreement, Business Cooperation Agreement and Business Operation Agreement have all been terminated.
|
2
UPON FRIENDLY NEGOTIATION, NOW IT IS ▇▇▇▇▇▇ AGREED AS FOLLOWS:
|
1.
|
Terminate the Equity Pledge Agreement entered into by and between Party A, Party B, Party C, Party D, Party E, Party F, Party G, Party H and Party I.
|
|
2.
|
After the Termination Agreement regarding the Equity Pledge Agreement (hereinafter referred to as “this Agreement”) become effective, Party B, Party C, Party D, Party E, Party F, Party G, Party H and Party I shall no longer be liable for any new obligation and debt incurred under the Business Cooperation Agreement and Exclusive Management and Consulting Service Agreement, which shall be assumed by Jundaqianyuan.
|
|
3.
|
This Agreement shall be made upon signature (where the parties are natural persons) or seal and signature (where the parties are legal persons) by all parties and become effective upon cancellation of record of equity pledge from register of shareholders of Jundaqianyuan , where the equity pledge has been registered; or this Agreement shall become effective upon signature (where the parties are natural persons) or seal and signature (where the parties are legal persons) by all parties, where the equity pledge has not been registered. The Equity Pledge Agreement shall be terminated as of the effective date of this Agreement and no longer binding upon all the parties hereto.
|
|
4.
|
This Agreement shall be signed in 9 copies, one for each party and each shall be equally valid.
|
3
（Below is signing page without text）
(Here is signing page1 without text)
Party A：（seal）
By：（sign） /s/ Authorized Person
Signing date： December 20, 2011
Party B:（sign） /s/ ▇▇▇▇ ▇▇▇▇▇▇
Signing date： December 20, 2011
Party C:（sign） /s/ Hao Jianming
Signing date： December 20, 2011
Party D：（sign） /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
Signing date： December 20, 2011
Party E：（sign） /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
Signing date： December 20, 2011
Party F：（sign） /s/ ▇▇▇ ▇▇
Signing date： December 20, 2011
4
(Here is signing page2 without text)
Party G：（sign） /s/ ▇▇▇ ▇▇▇▇▇▇▇▇
Signing date： December 20, 2011
Party H：（sign） /s/ ▇▇▇▇▇ ▇▇▇▇▇
Signing date： December 20, 2011
Party I：（sign） /s/ ▇▇▇▇ ▇▇▇
Signing date： December 20, 2011
5