Attached files
| file | filename |
|---|---|
| 8-K - Tanke Biosciences Corp | e608029_8k-tanke.htm |
| EX-3.3 - Tanke Biosciences Corp | e608029_ex3-3.htm |
| EX-3.2 - Tanke Biosciences Corp | e608029_ex3-2.htm |
| EX-4.1 - Tanke Biosciences Corp | e608029_ex4-1.htm |
| EX-4.3 - Tanke Biosciences Corp | e608029_ex4-3.htm |
| EX-4.2 - Tanke Biosciences Corp | e608029_ex4-2.htm |
| EX-99.3 - Tanke Biosciences Corp | e608029_ex99-3.htm |
| EX-10.1 - Tanke Biosciences Corp | e608029_ex10-1.htm |
| EX-10.2 - Tanke Biosciences Corp | e608029_ex10-2.htm |
| EX-10.9 - Tanke Biosciences Corp | e608029_ex10-9.htm |
| EX-10.6 - Tanke Biosciences Corp | e608029_ex10-6.htm |
| EX-10.8 - Tanke Biosciences Corp | e608029_ex10-8.htm |
| EX-99.1 - Tanke Biosciences Corp | e608029_ex99-1.htm |
| EX-99.2 - Tanke Biosciences Corp | e608029_ex99-2.htm |
| EX-10.3 - Tanke Biosciences Corp | e608029_ex10-3.htm |
| EX-10.5 - Tanke Biosciences Corp | e608029_ex10-5.htm |
| EX-10.4 - Tanke Biosciences Corp | e608029_ex10-4.htm |
| EX-10.10 - Tanke Biosciences Corp | e608029_ex10-10.htm |
EXECUTION VERSION
Voting Rights Proxy Agreement
This Voting Rights Proxy Agreement (this “Agreement”) is entered into by and among Guangzhou Kanghui Agricultural Technology Co., Ltd. (“Kanghui”), Guangzhou Tanke Industry Co., Ltd. (“Tanke” or the “Company”), and the undersigned shareholders of Tanke (collectively the “Shareholders”) as of January 3, 2011 in Guangzhou, the People’s Republic of China (the “PRC” or “China”). Kanghui, Tanke and the Shareholders are each referred to in this Agreement as a “Party” and collectively as the “Parties”.
RECITALS
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a)
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Tanke is engaged in the business of development and research regarding technology of premixed additive feed and feed additive; distribution and retail; import and export of goods and technology.
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b)
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Kanghui has the expertise in consultancy of agricultural technology and animal husbandry technology, and Kanghui has entered into a serious of agreements with Tanke to provide Tanke with various consulting services.
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c)
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The Shareholders are shareholders of the Company, each legally holding such amount of equity interest of the Company as set forth on the signature page of this Agreement and collectively holding 100% of the issued and outstanding equity interest of the Company (collectively the “Equity Interest”).
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d)
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The Shareholders desire to grant to Kanghui a proxy to vote the Equity Interest for the maximum period of time permitted by law in consideration of good and valuable consideration, the receipt of which is hereby acknowledged and agreed by Kanghui.
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NOW THEREFORE, the Parties agree as follows:
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1.
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The Shareholders hereby agree to irrevocably grant and entrust Kanghui, for the maximum period of time permitted by law, with all of their voting rights as shareholders of the Company. The Shareholders and Tanke shall use best efforts to assist Kanghui in exercising such rights, including but not limited to the rights to sell or transfer all or any of their Equity Interest of Tanke, appoint and elect the directors and chairman as the authorized legal representative of Tanke, and signing legal documents when necessary. Kanghui does not need to seek consent from the Shareholders when exercising such rights unless otherwise required by PRC laws, but shall exercise such rights in accordance with and within the parameters of the laws of the PRC and the Articles of Association of the Company. Once any resolution or decision is made, Kanghui shall notify such resolution or decision to the Shareholders.
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1
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2.
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Kanghui may establish and amend rules to govern how Kanghui shall exercise the powers granted by the Shareholders herein, including but not limited to, the number or percentage of directors of Kanghui or other designees of Kanghui which shall be required to authorize the exercise of the voting rights granted by the Shareholders, and Kanghui shall only proceed in accordance with such rules.
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3.
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The Shareholders shall not transfer or cause to be transferred the Equity Interest to any party (other than Kanghui or such designee of Kanghui). Each Shareholder acknowledges that he/she will continue to perform his/her obligations under this Agreement even if one or more of other Shareholders no longer holds any part of the Equity Interest.
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4.
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This Agreement has been duly executed by the Parties as of the date first set forth above, and in the event that a Party is not a natural person, then such Party’s action has been duly authorized by all necessary corporate or other action and executed and delivered by such Party’s duly authorized representatives. This Agreement shall take effect upon execution.
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5.
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At any time during the term of this Agreement, if granting or excise of the voting rights hereunder becomes unworkable due to any reason other than a default of any and all of the Shareholders or Tanke, the Parties shall immediately modify or revise the relevant provisions under this Agreement, or seek a substitute arrangement closest to the original intent of the Parties, to achieve the purpose of this Agreement.
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6.
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The Shareholders hereby irrevocably and unconditionally undertake at all times to indemnify each of the person designated by Kanghui against any and all actions, proceedings, claims, costs, expense and liabilities whatsoever arising from the exercise or purported exercise of any of the powers conferred or purported to be conferred by this Agreement.
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7.
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Each Shareholder represents and warrants to Kanghui that such Shareholder owns such amount of the Equity Interest as set forth next to his/her name on the signature page below, free and clear of all liens and encumbrances, and such Shareholder has not granted and will not grant to any party, other than Kanghui, a power of attorney or proxy over any of such amount of the Equity Interest or any of such Shareholder’s rights as a shareholder of the Company. Each Shareholder further represents and warrants that the execution and delivery of this Agreement by such Shareholder shall not violate any law, regulations, judicial or administrative order, arbitration award, agreement, contract or covenant applicable to such Shareholder.
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8.
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This Agreement may not be terminated without the unanimous consent of all Parties, except that Kanghui may, by giving a thirty (30)-day prior written notice to the Shareholders and Tanke, terminate this Agreement, with or without cause.
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9.
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Any amendment to and/or rescission of this Agreement shall be in writing by the Parties.
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2
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10.
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Without the prior written consent of Kanghui, Tanke or the Shareholders shall not assign any right or obligation under this Agreement to any third party while Kanghui shall have the right to assign all rights and obligations under this Agreement to any third party by giving a thirty (30)-day prior written notice to the Shareholders and Tanke.
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11.
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The execution, validity, creation and performance of this Agreement shall be governed by the laws of the PRC.
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12.
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Notice or other communications required to be given by any Party pursuant to this Agreement shall be written in English and Chinese and delivered personally or sent by registered mail or by a recognized courier service or by facsimile transmission to the address of the relevant Party set forth below. The date when the notice is deemed to be duly served shall be determined as the follows: (a) a notice delivered personally is deemed duly served upon the delivery; (b) a notice sent by mail is deemed duly served the third (3rd) day after the date; and (c) a notice sent by facsimile transmission is deemed duly served upon the time shown on the transmission confirmation of relevant documents.
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To Kanghui
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Address:
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No 281, Building 2, Changxing Road, Tianhe District, Guangzhou
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Attn:
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Chun Rui Wu
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Fax:
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+86-20-38859482
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Tel:
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+86-20-38859499
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To Tanke
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Address:
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Room 2801, East Tower of Hui Hao Building, No. 59 Machang Road, Pearl River New City, Guangzhou, P.R. China 51067
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Attn:
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Guixiong Qiu
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Fax:
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+86-20-38859077
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Tel:
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+86-20-38859025
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To the Shareholders
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Address:
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Room 2801, East Tower of Hui Hao Building, No. 59 Machang Road, Pearl River New City, Guangzhou, P.R. China 51067
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Attn:
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Guixiong Qiu
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Fax:
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+86-20-38859077
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Tel:
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+86-20-38859025
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3
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13.
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The Parties agree that in the event a dispute shall arise from this Agreement, the Parties shall settle their dispute through amicable negotiations and/or arbitration in accordance with this Clause 12. If the Parties fail to reach a settlement within forty-five (45) days following the negotiations, the dispute shall be submitted to be determined through arbitration by China International Economic and Trade Arbitration Commission (“CIETAC”), Shanghai Branch, in accordance with CIETAC arbitration rules. There shall be three (3) arbitrators. Kanghui, and all the Shareholders collectively as one side, shall each select one (1) arbitrator, and both arbitrators shall be selected within thirty (30) days after giving or receiving the demand for arbitration. The chairman of the CIETAC shall select the third arbitrator. If a Party fails to appoint an arbitrator within thirty (30) days after giving or receiving the demand for arbitration, the relevant appointment shall be made by the chairman of the CIETAC. The arbitration shall be conducted in Shanghai. The award of CIETAC is final and shall be conclusively binding upon the Parties and shall be enforceable in any court of competent jurisdiction. For avoidance of doubt, Tanke, who may or may not select arbitrator, shall be bound by the award of CIETAC.
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14.
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This Agreement shall be executed in six (6) originals in English, each of which shall be equally valid. Each Party shall retain one (1) original.
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[No Text Below]
4
[Signature Page]
IN WITNESS THEREOF this Agreement is duly executed by each Party or its legal representatives on the date first set forth above.
Guangzhou Kanghui Agricultural Technology Co., Ltd.
| /s/ Chun Rui Wu |
Name: Chun Rui Wu
Title:
Guangzhou Tanke Industry Co., Ltd.
| /s/ Guixiong Qiu |
Name: Guixiong Qiu
Title: CEO and President
[Signature of Shareholders of Tanke]
| /s/ Guixiong Qiu |
Qiu Guixiong
ID Card No.:
Owns 45% of the Equity Interest
Signature page to Voting Rights Agreement
[Signature Page continued]
| /s/ Gao Bi |
Gao Bi
ID Card No.:
Owns 32% of the Equity Interest
| /s/ Liang Xiuzhen |
Liang Xiuzhen
ID Card No.:
Owns 20% of the Equity Interest
| /s/ Teng Bing |
Teng Bing
ID Card No.:
Owns 3% of the Equity Interest
Signature page to Voting Rights Agreement