11/04/2019 BOARD OF SELECTMEN Agenda Packet

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STOCK PURCHASE AGREEMENT AGREEMENT made this i3 day of ` Q ,2019,between Michelle F. Shepard,an individual residing at Olney,MD 20832(hereinafter referred to as the"Seller"),and Youxiang Wang,an individual residing at Newton MA 02461 (hereinafter referred to as the"Buyer"),and Mashpee Oriental,Inc.,a Mass achusetts business corporation having its principal place of business at 3 Greene Street, Mashpee MA 02649(hereinafter referred to as the"Corporation"). WITNESSETH WHEREAS Corporation is authorized to issue 120 shares of common stock(with no par share)(hereinafter referred to as the"Common Stock"). WHEREAS Corporation's total number of issued and outstanding shares of Common Stock is one hundred twenty(120)shares.The Seller is the owner of record of ten(10)shares of the Common Stock. WHEREAS,the Seller wishes to sell and the Buyer wishes to purchase from the Seller five(5)shares of Common Stock on the terms and conditions specified herein. NOW,THEREFORE,,the parties agree as follows: I. PURCHASE AND SALE OF STOCK 1.1 Purchased Stock. Upon the terms and conditions set forth herein,the Seller agrees to sell,assign,transfer and deliver to the Buyer,and the Buyer agrees to purchase from the Seller, all of Seller's right,title and interest in and to the five(5)shares of Common Stock(hereinafter referred to as the"Purchased Stock"). 1.2. Purchase Price._ The purchase price for the Purchased Assets(the"Purchase Price")is Fifteen Thousand U.S.Dollars($15,000.00)the entirety of which is to be paid in cash by the Buyer simultaneously with execution of this Agreement. 1.3 Instruments of Transfer. The Seller agrees that the sale,assignment,transfer and delivery of the Purchased Stock shall be effected by such instruments of transfer as shall be appropriate to carry out the intent of this Agreement and as shall be reasonably satisfactory to the Buyer and its counsel to vest in the Buyer the right,title and interest of the Seller in and to the Purchased Stock. Such transfer of instruments shall take place at the Closing which shall occur simultaneously with the execution of this Agreement. U. REPRESENTATIONS AND WARRANTIES OF THE SELLER The Seller represents and warrants to the Buyer as follows: 2.1 Title to Purchased Stock. The Seller is,and at closing shall be,the sole owner of the Purchased Stock and now has,and will have at closing,good and marketable title to the Purchased Stock,free and clear of any and all mortgages,pledges,liens,encumbrances or other restrictions. 2.2 Power and Authority Relative to Sale of Stock. The Seller has full power and authority and has taken all required action necessary to permit it to execute and deliver this Agreement and to execute and deliver and perform all of the obligations contained herein (including the assignment,transfer and conveyance of all of the Purchased Stock)and all