Item 1.02 Termination of a Material Definitive Agreement
On December 30, 2019, Green Power Environment Technology (Shanghai) Co., Ltd.
And Wuxi Huayang Dye Machinery Co. Ltd. Entered into a VIE Termination Agreement
relating to the termination of the Consulting Services Agreement, Operating
Agreement, Equity Pledge Agreement, Option Agreement, Voting Rights Proxy
Agreement dated October 12, 2007. The foregoing description of the VIE
Termination Agreement does not purport to be complete and is qualified in its
entirety by reference to the complete text of the Agreement, which is
incorporated herein by reference and attached hereto as exhibit 10.1.
On December 30, 2019, Green Power Environment Technology (Shanghai) Co., Ltd.
And Wuxi Huayang Heavy Machinery Co. Ltd. Entered into a VIE Termination
Agreement relating to the termination of the Consulting Services Agreement,
Operating Agreement, Equity Pledge Agreement, Option Agreement, Voting Rights
Proxy Agreement dated October 12, 2007. The foregoing description of the VIE
Termination Agreement does not purport to be complete and is qualified in its
entirety by reference to the complete text of the Agreement, which is
incorporated herein by reference and attached hereto as exhibit 10.2.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 VIE Termination Agreement dated December 30, 2019 by and between Green
Power Environment Technology (Shanghai) Co., Ltd. And Wuxi Huayang Dye
Machinery Co. Ltd
10.2 VIE Termination Agreement dated December 30, 2019 by and between Green
Power Environment Technology (Shanghai) Co., Ltd. And Wuxi Huayang Heavy
Machinery Co. Ltd
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