Examples of Equity Transfer Agreement in a sentence
The Directors consider that the Supplemental Agreement does not amount to material revisions to the terms of the Equity Transfer Agreement because the Company has not incurred any additional material obligation by entering into the Supplemental Agreement and the total amount of consideration payable by the Company for the Acquisition has not been increased.
On 17 July 2012, the Company and the Vendor entered into the Equity Transfer Agreement whereby the Vendor agreed to transfer her 51% equity interest in Changchun Guangda to the Company at a consideration of RMB132,600,000 (subject to adjustment).
Given the above facts, the Directors consider that approval of the transactions contemplated under the Supplemental Agreement by Shareholders of the Company is not necessary although the Acquisition contemplated under the Equity Transfer Agreement constituted a major transaction of the Company and was approved by the Shareholders at the EGM held on 23 October 2012.
Pursuant to the Equity Transfer Agreement, the Consideration shall be subject to adjustment by an amount equals to the difference between the Consideration and the Final Price, which will be determined in accordance with the formula set forth in the Equity Transfer Agreement.
The Company and the Vendor entered into a supplemental agreement with effect from 29 January 2014 to amend the terms of the Equity Transfer Agreement.