| Confidential |
SUPPLEMENTARY AGREEMENT OF EQUITY PLEDGE AGREEMENT
THIS SUPPLEMENTARY AGREEMENT OF EQUITY PLEDGE AGREEMENT (hereinafter referred to as “this Supplementary Agreement”) is executed by the following parties on July 3rd, 2008 in Tianjin, the PRC:
(1) All shareholders of Tianjin Shengkai Industrial Technology Development Co., Ltd. (hereinafter collectively called “Party A” or “Pledgors”)
Name of Each Shareholder | Shareholding Ratio (%) | ID Card No. | Contact Address | |||
| Wang Chen | 71.39% | 120103196412022118 | 204-209,Gate 8,Zhonghuan Deppartment,No.2 Road, Wujiayao, Heping District, Tianjin | |||
| Guo Wei | 13.33% | 120103196607222128 | 204-209,Gate 8,Zhonghuan Department,No.2 Road, Wujiayao, Heping District, Tianjin | |||
| Zhao Yanqiu | 6.55% | 2310851197903050762 | Tuanjie Wei, Muleng Town, Muleng City, Helongjiang Province | |||
| Ji Haihong | 6.55% | 140102197002012349 | No.7,Unit1,4th/F,No.11,Xinmin Zhongjie, Xinghualing District, Taiyuan City, Shanxi Province | |||
| Zhang Ying | 0.48% | 51010319740824628X | No.3,4th/F, Dong 315, Huangtian Bawei 4th Road, Qingyang District, Chengdu City | |||
| Miao Yang | 0.48% | 110108197106111811 | No.1905,No.1Building, Yangguang 100 International Department, No.2, Guanghua Road, Chaoyang District, Beijing | |||
| Chen Fang | 0.48% | 440402197211205769 | Room 401, Unit 1, Dong 3,No.2013,Xiangzhou Fenghuang North RoadôXiangzhou District, Zhuhai City, Guangzhou Province | |||
| Wu Yanping | 0.37% | 120106196505060526 | No.101,Gate 3,No.25 Building, Xinghuali, Shengli Street, Da Gang District, Tianjin | |||
| Liu Naifan | 0.37% | 372832196010257414 | Dormitory District,Yinan Gold Mine, Yinan County, Shandong Province |
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| Confidential |
(2) Shengkai (Tianjin) Ceramic Valve Co., Ltd. (hereinafter called “Party B” or “Pledgee”)
Registered Address: Room A2-191, No.166 Xisandao, Konggang Logistic Processing Zones, Tianjin.
Legal Representative: Wang Chen
(3) Tianjin Shengkai Industrial Technology Development Co., Ltd. (hereinafter called “Party C” or the “Company”)
Registered Address: Room324, 3/F, 1st Street, Tianjin Economic-Technological Development Area
Legal Representative: Wang Chen
Whereas, Party A, Party B and Party C have executed the Equity Pledge Agreement on May 30th, 2008 (hereinafter refereed to as the “Equity Pledge Agreement”), and the Equity Pledge Agreement has come into force, Now Party A, Party B and Party C, through friendly negotiations, hereby enter into this Supplementary Agreement as follows:
1. The following shall be added to the Article 5 of Obligations of Pledgors of the Equity Pledge Agreement as item 5.17:
| 5.17 | The Pledgors now authorize the Pledgee to fully and completely represent the Pledgors to exercise all their shareholder's rights as the shareholders of the Company including the voting rights at the shareholders' meeting of the Company in accordance with the PRC laws and Articles of Association of the Company. |
2. The existing terms of the Equity Pledge Agreement shall remain the same and still be effective.
3. This Supplementary Agreement shall be a supplementary agreement of the Equity Pledge Agreement, which is an indivisible part of the Equity Pledge Agreement.
4. This Supplementary Agreement is executed in eleven originals with each Party holding one original, and each of the originals shall be equally valid and authentic.
[Signature page follows]
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| Confidential |
IN WITNESS WHEREOF, each party has caused this Supplementary Agreement to be executed and delivered as of the date first above written.
Party A All shareholders of Tianjin Shengkai Industrial Technology Development Co., Ltd. (the “Pledgors”)
Name of the Shareholders | Signature | Name of the Shareholders | Signature | |||
| Wang Chen | /s/ Wang Chen | Guo Wei | /s/ Guo Wei | |||
| Zhao Yanqiu | /s/ Zhao Yanqiu | Ji Haihong | /s/ Ji Haihong | |||
| Zhang Ying | /s/ Zhang Ying | Miao Yang | /s/ Miao Yang | |||
| Chen Fang | /s/ Chen Fang | Wu Yanping | /s/ Wu Yanping | |||
| Liu Naifan | /s/ Liu Naifan |
Party B Shengkai (Tianjin) Ceramic Valve Co., Ltd (the “Pledgee”)
Legal Representative: Wang Chen
Signature and Company Seal: /s/ Wang Chen
Party C Tianjin Shengkai Industrial Technology Development Co. Ltd. (the “Company”)
Legal Representative: Wang Chen
Signature and Company seal: /s/ Wang Chen
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