Share Swap Agreement Hong Kong

The buyer intends to exchange 100% shares with the company, In accordance with Article 29 of the Taiwan Mergers and Acquisitions Act (the “M-A Act”), the purchaser appoints a wholly-stated subsidiary to acquire 100% of the company`s issued and outstanding shares (the “shares”), as described here in the directive and under the conditions and conditions outlined in it (the “share swap”). , shares are decoded by the TSE after the date of the share exchange, and after the date of the share exchange dataset, the entity`s public declaration status is removed; Although there are clear advantages to structuring the AM operations by share swouillants, selling shareholders must take into account the disadvantages, particularly the fact that they do not receive consideration and liquid assets during the transaction. This is particularly important when individual promoters, as sales shareholders, are required to significantly tax the profits from the sale of their shares. The terms of the conclusion should therefore be negotiated with sufficient specificity to ensure that the interests of each party to the merger are fully taken into account. Currently, the DL rules only allow companies operating in sectors subject to the automatic procedure to issue shares to persons established outside India without prior government approval. Share exchange transactions involving companies operating in sectors operating under the authorization line still need to be pre-approved by the government. From an exit point of view, share swets have become, in accordance with ODI rules, authorized sources of financing for foreign joint ventures and 100% subsidiaries of companies established in India. Although the amendments are somewhat ambiguous, it appears that the government has only partially liberalized the share exchange system, given that the 2015 easing focused exclusively on primary share exchange transactions. Therefore, secondary share exchange transactions (i.e. share swets that involve only the transfer of existing shares between the purchaser and the seller) still need to be agreed by the government. THIS SHARE SWAP ACCORD (this “agreement”) will be concluded in June. 03, 2016 from and between Leo Motors, Inc., a Nevada-based company, United States, headquartered at 3887 Pacific Street, Las Vegas, Nevada (“LEOM”), and Kim Yun Ho (“KIM”), who is a wholly shareholder of Lelcon Co.

(`LELC`), Ltd., with addresses 10-10 Munwhabokji Gil, Yangpyung Eup, Yangpy Gunung, Kygi Do, Korea. One of the factors that contributed to this structural change, particularly with respect to cross-border acquisitions, was the partial liberalization of foreign exchange rules in India (FEMA regulations). Prior to November 2015, FEMA rules required that share exchange transactions be carried out only with prior government approval. However, after that date, the rules on foreign direct investment and overseas direct investment (ODI) rules were amended to allow cross-border primary share exchange transactions (i.e. share swaps issued by the acquisition company to existing shareholders) automatically, in accordance with the conditions set. A share exchange transaction is a transaction in which the consideration of the agreement is not in cash, but the issuance of shares from the beneficiary entity to the other party. These agreements are often used for strategic acquisitions of growing companies, which have little liquidity and resources and use them better for operational purposes.