Land Use Right Agreement between Ganzhou Land and Resource Bureau and Ganzhou Highpower Technology Company Limited (January 5, 2012)

Contract Categories: Real Estate › Lease Agreements
Summary

Ganzhou Land and Resource Bureau is transferring the right to use 58,668.61 square meters of land to Ganzhou Highpower Technology Company Limited for 50 years. The land is located in Shuixi base, and the total price is RMB 7,981,864, with a deposit of RMB 1,596,373. Ganzhou Highpower must pay the full amount and begin construction by January 28, 2013, completing it by January 28, 2015. The agreement is governed by PRC law and takes effect upon signing.

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EX-10.5 6 v312911_ex10-5.htm LAND USE RIGHT AGREEMENT DATED JANUARY 5, 2012 BY AND BETWEEN GANZHOU LAND AND RESOURCE BUREAU AND GANZHOU HIGHPOWER TECHNOLOGY COMPANY LIMITED

 

Land Use Right Agreement

 

Party A : Ganzhou Land and Resource Bureau

 

Address: No. 110, Zhangjiang North Avenue, Ganzhou City

 

Zip Code: 341000

 

Tel: 0797 ###-###-####

 

Fax: 0797 ###-###-####

 

Party B: Ganzhou Highpower Technology Company Limited

 

Address: B3-4, Lianchuang City Garden, Zhangjiang North Revenue, Zhanggong District, Ganzhou City

 

Zip Code: 341000

 

Tel: 137677224415

 

ØParty A transfer FIFTY EIGHT THOUSAND SIX HUNDRED AND SIXTY EIGHT POINT SIXTY ONE (58,668.61) square meters land use right numbered 2011-59-3 to Party B under the agreement.

 

ØThe land is located in Shuixi base E-06-01, E-06-02

 

ØParty agrees to transfer the land to Party A before January 28, 2012.

 

ØThe term of the land use right is 50 years.

 

ØThe amount of the land use right under this agreement is RMB SEVEN MILLION NINE HUNDRED AND EIGHT ONE THOUSAND EIGHT HUNDRED AND SIXTY FOUR ONLY (RMB7,981,864), WITH ONE HUNDRED AND THIRTY SIX POINT ZERO FIVE ONLY (RMB136.05) per square meter.

 

ØThe deposit of the land use right is RMB ONE MILLION FIVE HUNDRED AND NINETY SIX THOUSAND THREE HUNDRED AND SEVENTY THREE ONLY (RMB1,596,373).

 

 
 

 

ØParty B should pay the first installment RMB SEVEN MILLION NINE HUNDRED AND EIGHT ONE THOUSAND EIGHT HUNDRED AND SIXTY FOUR ONLY (RMB 7,981,864) before January 28, 2012.

 

ØParty B agrees to commence construction project on the land under this agreement before January 28, 2013, and complete the construction before January 28, 2015.

 

ØThe PRC laws are applicable to this agreement.

 

ØFor any dispute arising from the performance of this agreement, both sides should settle the dispute through negotiation. Otherwise, both sides can appeal to the People’s Court.

 

ØThis agreement shall come into force since the signing date.

 

ØItems of amount, square meters shall be presented in both words and figures.

 

ØThis agreement shall be in duplicate. Party A holds one, and Party B holds one, each of which enjoys equal legal force.

 

Party A: Ganzhou Land and Resource Bureau
Legal representative:
Signature (seal): /s/ [SEAL]  
January 5, 2012
 
Party B: Ganzhou Highpower Technology Company Limited
Legal representative:
Signature (seal): /s/ [SEAL]  
January 5, 2012