Land Use Rights Transfer Agreement between Hanzhong Guangsha Real Estate Development Ltd and Shaanxi Guangsha Investment and Development Group Co., Ltd
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Summary
Hanzhong Guangsha Real Estate Development Ltd (Party A) agrees to transfer the land use rights for a 66 Mu (44,000 square meters) property near Hanzhong airport to Shaanxi Guangsha Investment and Development Group Co., Ltd (Party B) for RMB 80,000,000. Party B will pay RMB 60,000,000 upon signing and the remaining RMB 20,000,000 after the transfer is completed. Party A is responsible for resolving any disputes related to the land. Both parties agree to settle disputes through arbitration or court if necessary. The agreement was signed on March 16, 2011.
EX-10.1 2 v243909_ex10-1.htm EXHIBIT 10.1 Unassociated Document
Exhibit 10.1
Land Use Rights Transfer Agreement
| Party A: | Hanzhong Guangsha Real Estate Development Ltd |
| Party B: | Shaanxi Guangsha Investment and Development Group Co., Ltd |
Party A and Party B reached to the following agreement:
| (1) | Party A agreed to transfer the land use right covering 66 Mu property located in the West of Mingzhu street and close to Hanzhong airport to Party B. |
| (2) | Location of the property |
East Border: Close to the property owned by Party B
South Border: close to airport runway (Hanning road under municipal planning)
West border: close to 94043 location
North border: Close to North fence
| (3) | Area of the property |
Area is 66 Mu (equivalent to 44,000 square meters)
| (4) | Transfer price |
The transfer price is determined to be a fixed package price. The amount is RMB 80,000,000.
| (5) | Payment method |
5.1 Party B shall pay Party A RMB 60,000,000 upon signing this agreement
5.2 After the land use right is properly transferred to Party B, Party B shall pay Party A all the remaining transfer price RMB 20,000,000
| (6) | Party A is responsible for any disputes resulted from transfer of land use rights, area border and other matters and shall be responsible for any cost incurred from dispute. |
| (7) | Party A agrees Party B to start the preliminary planning on the property |
| (8) | If any matter is not covered by this agreement, both parties agree to negotiate in the supplemental agreement. The supplemental agreement has same legal authority as this agreement. |
| (9) | If there is any dispute incurred during executing this agreement, both parties agree to settle it with the local arbitration organization. If the matter cannot be settled by local arbitration organization, both parties shall appeal to the court. |
| (10) | This agreement has six copies, each party shall have three copies. |
Signed by Party A
Signed by Party B
Signed on March 16, 2011.
