Closing of Target Asset. Both Party A and Party B unanimously agree that Party B shall complete the procedures for transfer of asset and change registration with the administration for industry and commerce of the place where the Target Company is located within [10] Business Days of the Effective Date of this Agreement, and Party A shall provide necessary assistance. The independent legal person status of the Target Company will not be changed due to this Transaction, and therefore, this Transaction does not involve credit and debt disposition and employee placement of the Target Company and its subsidiary.
Appears in 2 contracts
Sources: Equity Transfer Agreement (Weidai Ltd.), Equity Transfer Agreement (Weidai Ltd.)