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Posts Tagged ‘Agreement’

Contribution Agreement

March 1st, 2009

Contribution Agreement

SETTLEMENT AGREEMENT

This Settlement Agreement, effective as of the _________(M,D,Y), is by and between AAA (”AAA”), duly organized and existing under the laws of the State of _________(PLACENAME), and BBB, Inc. (”BBB”) a corporation duly organized and existing under the laws of the State of _________(PLACENAME) and having their principal places of business at _________. As used in this Settlement Agreement, the term “party” means BBB or AAA, as the context indicates, and the term “party” means BBB and AAA.

WHEREAS, there is an action currently pending in the Superior Court of the State of _________(PLACENAME), Judicial District of Fairfield at Bridgeport, entitled AAA v. BBB, Inc., Docket No. CV _________ (the “Action”)

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Funding Agreement

March 1st, 2009

Funding Agreement

This Funding Agreement (the “Agreement”) is made and entered into as of _________(M,D,Y), by and between AAA, Inc. (”AAA Company”) and BBB Incorporated (the “Company”).

RECITALS

A. The parties hereto have executed an Asset Purchase Agreement of even date herewith, by and among AAA Company, CCC Corporation (”CCC”) and the Company (the “Purchase Agreement”), whereby CCC has agreed to purchase certain assets of the Company (the “Transaction”).

B. AAA Company has requested that the Company continue its development and related activities until the closing of the Transaction, and the Company desires to comply with AAA Company’s request.

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Stock Pledge Agreement

February 24th, 2009

Stock Pledge Agreement

THIS FIRST AMENDMENT TO STOCK PLEDGE AGREEMENT (this “Amendment”) dated as of _________(M/D/Y),is by and between AAA Control, Inc., a _________(Placename) corporation (”Pledgor”), and BBB, L.L.C.(”BBB”), as Collateral Agent for the Noteholders (as hereinafter defined) (the “Secured Party”).

RECITALS:
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Trademark Security Agreement

February 24th, 2009

Trademark Security Agreement

THIS TRADEMARK SECURITY AGREEMENT (as such agreement may be amended, supplemented or otherwise modified from time to time, this “Trademark Security Agreement”) made as of _________,_________,_________(M/D/Y), by AAA, INC., a _________(address) corporation, with its principal place of business located at _________(address)(the “Borrower”), in favor of BBB (”Bank of America”), with an office located at _________(address), in its capacity as the Administrative Agent for the Lenders under the Credit Agreement (as defined below) (in such capacity, the “Administrative Agent”).

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Comparison between a PRC domestic co and a foreign invested enterprise

January 21st, 2009

What is the difference between a Company and an enterprise?

Legally there are several differences between the two. An enterprise means foreign investment enterprises (FIE) in China. There are state owned enterprises in China but we do not include them into the comparison here.
A PRC company is incorporated under the PRC company law, or the “Tentative Provision for the Establishment of the Foreign Investment Joint Stock Limited Liability Company”. There are two types of companies: one is limited liability company;the other is joint stock limited liability company; An enterprise is incorporated under one of the following laws:-
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SSPECIAL TAX TREATMENTS AND APPLICATION( TAXATION ON LICENSING AND ASSIGNMENT OF IP RIGHTS LICENSING IP RIGHTS )

January 18th, 2009

Fees under technology licensing agreements, intellectual property (IP) right licensing agreement received from a source in the PRC by non-resident foreign corporations or individuals shall be subject to a 10% withholding income tax, a 5% business tax, and a stamp tax of 0.03% on the gross amount. The resident payer has the legal obligation to withhold the tax and pay it over to the tax office. Residents of non-PRC tax treaty countries will be subject to a 20% withholding income tax.

ASSIGMENT OF IP RIGHTS

Non-resident foreign investor receiving income for the Assignment of IP rights in the PRC will be subject to the following type of taxes: -

Type of tax Rate

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SPECIAL TAX TREATMENTS AND APPLICATION ( TAXATION ON LANDED PROPERTY RENTAL INCOME )

January 18th, 2009

SPECIAL TAX TREATMENTS AND APPLICATION (TAXATION ON REPRESNETATIVE OFFICES)

January 18th, 2009

TAXATION ON REPRESNETATIVE OFFICES
A representative office (RO) achieves the purposes that a foreign investor could establish a PRC presence in a relatively short time period and that the foreign investor is not required to make any commitment to bring in capital either in cash or in kind. Furthermore, the fact that an RO’s approval certificate can be valid for a one-year period provides for an exit option for the foreign investor to test the water.

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Officials of State Administration of Taxation Elaborated on Highlights in the Implementation Regulations of PRC Enterprise Income Tax Law

January 17th, 2009

It has been a 13-year journey from the preliminary work in 1994 to the passing of thePRC Enterprise Income Tax Law (referred to as “the EIT Law” hereafter) on 16th March 2007, which marked the completion of the unification of two tax systems for  domestically funded and foreign funded enterprises in China. It is a system innovation in the process of building socialism and a harmonized society within the country. To reap the benefits of the new tax system depends very much on its implementation in an effective manner. A few days ago, the State Council announced the long-awaited  Implementation Regulations of the PRC EIT Law (referred to as “the Implementation Regulations” hereafter), which is to come into play with the implementation of the  EIT Law.

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LEASE AGREEMENT

January 13th, 2009

THIS AGREEMENT OF LEASE is made on this 16th day of December 2003 by and BETWEEN:-

Mrs. Ghazala Waheed w/o Abdul Waheed, Adult, R/o House No.         DHA, Lahore Cantt, (hereinafter to as the LESSOR of the ONE PART).

And

Mr.      ,R/o China, refereed to as the LESSEE of the OTHER PART.(Expression “LESSOR”
and “LESSEE” wherever the context so permit shall always mean and include their respective heirs, successors legal representative and assignees).

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