HOME SYSTEM GROUP INDEPENDENT DIRECTOR AGREEMENTHome System Group • August 6th, 2007 • Home System • Real estate dealers (for their own account) • Nevada
THIS AGREEMENT (The “Agreement”) is made as of the 31st day of July, 2007 and is by and between Home System Group, a Nevada corporation (hereinafter referred to as the “Company”), and Jianzhao Zheng (hereinafter referred to as the “Director”).
HOME SYSTEM GROUP INDEPENDENT DIRECTOR AGREEMENTHome System Group • August 9th, 2007 • Home System Group • Real estate dealers (for their own account) • New York
THIS AGREEMENT (“Agreement”) is entered into and is effective as of August 7, 2007, by and between Home System Group, a Nevada corporation (the “Company”) and Richard P. Randall, an individual resident in the State of Connecticut (“Director” or “Mr. Randall”).
HOME SYSTEM GROUP UNAUDITED PRO FORMA CONDENSED CONSOLIDATING FINANCIAL INFORMATIONHome System Group • December 14th, 2010 • Home System Group • Household appliances
On May 31, 2010, the Company, through its wholly-owned subsidiary, Weihe, entered into an Equity Ownership Transfer Agreement (the “Acquisition Agreement”) with Zhongshan Sanfan Electrical Appliance Co., Ltd. (“Sanfan”) and all the shareholders of Sanfan (the “Sellers”), pursuant to which the Company agreed to acquire and Sellers have agreed to sell 90% of the Sellers’ equity interest in Sanfan for cash consideration of approximately $12,000,000. The Company closed this acquisition on October 1, 2010. As of September 30th, 2010, the Company paid a total of $4,835,027 to the shareholders of Sanfan, with the remaining portion of the purchase price to be paid by the end of 2011.
