{"id":43237,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/agreement-on-the-confirmation-of-the-transfer-of-personnel5.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"agreement-on-the-confirmation-of-the-transfer-of-personnel5","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/planning\/agreement-on-the-confirmation-of-the-transfer-of-personnel5.html","title":{"rendered":"Agreement on the Confirmation of the Transfer of Personnel, Finances and Assets and the Related Rights and Obligations &#8211; Hebei Mobile Communication Co. Ltd. and Hebei Communication Service Co."},"content":{"rendered":"<pre>AGREEMENT ON THE CONFIRMATION OF THE TRANSFER OF PERSONNEL, FINANCES AND ASSETS\n                     AND THE RELATED RIGHTS AND OBLIGATIONS\n\n         This Agreement on the Confirmation of the Transfer of Personnel,\nFinances and Assets and the Related Rights and Obligations (the \"Agreement\") is\nexecuted by the following two parties on August 30, 2000 in Hebei:\n\n(1)      HEBEI MOBILE COMMUNICATION COMPANY LIMITED, a limited liability company\n         duly established and existing under the laws of People's Republic of\n         China (\"PRC\"), with its legal address at 220, Qing Yuan Jie,\n         Shijiazhuang, PRC (\"Hebei Mobile\"); and\n\n(2)      HEBEI COMMUNICATION SERVICE COMPANY, a state-owned enterprise duly\n         established and existing under the laws of PRC, with its legal address\n         at 220, Qing Yuan Jie, Shijiazhuang, Hebei, PRC (\"the Service\n         Company\").\n\nWHEREAS:\n\n1.       Hebei Mobile and the Service Company entered into the Capital\n         Contribution Agreement ( \"Agreement One\" ) with China Mobile Group on\n         August 30, 2000.\n\n2.       Hebei Mobile and the Service Company entered into the Agreement\n         Regarding the Transfer of Personnel, Finances and Assets Not Directly\n         Related to Mobile Communications Services ( \"Agreement Two\" ) with\n         China Mobile Group on August 30, 2000.\n\n         In order to confirm the ownership of the interests, assets,\nliabilities, personnel and businesses under Agreement One and Agreement Two, the\nParties have reached the following agreement:\n\n1.       Each Party hereby confirms to the other Party that all the Related\n         Interests and Assets, Related Liabilities, Related Personnel and\n         Related Services under Agreement One shall be owned or assumed by Hebei\n         Mobile; accordingly, the Service Company enjoys no rights, undertakes\n         no liability and bears no expense with regard to the same (unless\n         otherwise agreed upon in this Agreement).\n\n2.       Each Party hereby confirms to the other Party that all the Properties,\n         Non-Mobile Assets, the Related Personnel, the Non-Mobile Long-term\n         Investments and the Non-Mobile Liabilities under Agreement Two shall be\n         owned or assumed by the Service Company; accordingly, Hebei Mobile\n         enjoys no right, undertakes no liability and bears no expense with\n         regard to the same.\n\n3.       Each Party hereby confirms to the other Party that all the contracts in\n         relation to the Related Interests and Assets, the Related Liabilities,\n         the Related Personnel and the Related Services under Agreement One\n         shall be transferred to Hebei Mobile. \n\n\n\n\n\n                                       1\n   2\n\n         However, due to the time limit and the enormous amount involved, the\n         transfer of certain contracts may have not been approved by the other\n         party\/parties thereto (the \"Non-Transferred Contracts\"). For such\n         Non-Transferred Contracts, the Parties hereby agree and confirm as\n         follows:\n\n         (1)      As of the Effective Date (as defined in Agreement One), the\n                  rights and liabilities, as well as the gains and losses of the\n                  Service Company generated from the Non-Transferred Contracts\n                  shall be owned or assumed by Hebei Mobile (unless otherwise\n                  stipulated in this Agreement ), notwithstanding the fact that\n                  such Non-Transferred Contracts are still held by and performed\n                  in the name of the Service Company. The Service Company agrees\n                  to act as the trustee of Hebei Mobile to receive or hold any\n                  interests generated from the Non-Transferred Contracts\n                  (including but not limited to certain goods and loans) on\n                  behalf of Hebei Mobile, and that such interests are owned by\n                  Hebei Mobile. Upon demand, the Service Company shall deliver\n                  such interests to Hebei Mobile;\n\n         (2)      The Service Company shall exercise or perform the rights and\n                  liabilities under the Non-Transferred Contracts strictly in\n                  accordance with the instructions given by Hebei Mobile from\n                  time to time, and shall not amend any terms of the\n                  Non-Transferred Contracts or terminate the same without Hebei\n                  Mobile's prior written consent thereto;\n\n         (3)      The reasonable expenses incurred by the Service Company for\n                  the purpose of performing the obligations under paragraph 3(1)\n                  above shall be reimbursed by Hebei Mobile, except expenses\n                  incurred as a result of negligence or fault on the part of, or\n                  other reasons caused by, the Service Company;\n\n         (4)      If, as a result of the Service Company's negligence, fault or\n                  other reasons caused by the Service Company in connection with\n                  its holding or performing the Non-Transferred Contracts in its\n                  name and on behalf of Hebei Mobile under this Agreement, Hebei\n                  Mobile sustains any losses therefrom (including but not\n                  limited to legal action expenses and damages ), the Service\n                  Company shall sufficiently compensate Hebei Mobile for such\n                  losses in a timely manner; and\n\n         (5)      If there arises such a need that the rights of Hebei Mobile\n                  under the Non-Transferred Contracts (including the rights to\n                  initiate legal proceedings or arbitration, or to take other\n                  necessary actions) be exercised by the Service Company in its\n                  name, the Service Company shall assist Hebei Mobile by\n                  exercising such rights in the Service Company's name.\n\n4.       The Agreement shall be governed by and interpreted in accordance with\n         the laws of PRC.\n\n5.       The Agreement shall be executed in Chinese.\n\n6.       The Agreement shall come into effect upon the execution by the\n         authorized representative of the Parties.\n\n\n\n\n\n                                       2\n   3\n\nHEBEI MOBILE COMMUNICATION COMPANY LIMITED\n\nBy:     s\/ Zhang Liande         \n    -------------------------------\n      Authorized representative\n\n\n\nHEBEI COMMUNICATION SERVICE COMPANY\n\nBy:     s\/ Huang Yu           \n    -----------------------------\n      Authorized representative\n\n\n                                       3\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[],"corporate_contracts_industries":[9519],"corporate_contracts_types":[9622,9624],"class_list":["post-43237","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_industries-telecommunications__telephone","corporate_contracts_types-planning","corporate_contracts_types-planning__contrib"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/43237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=43237"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=43237"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=43237"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=43237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}