Obligations of Party B. 1. Party B shall not transfer or sell crude salt field without Party A's consent; otherwise it shall be deemed as breach of contract. In such case, Party A shall have the right to terminate the Contract and hold Party B liable in accordance with relevant provisions. 2. Party B shall, in accordance with Article 3 hereof, pay Party A the entire transfer price and land lease fee of the salt field in full and on time. 3. Party B shall be responsible for urging Party A to handle the transfer of the salt pan in a timely manner, according to the provisions of this Agreement on the Approval procedures and industrial and commercial change registration procedures.
Appears in 5 contracts
Samples: Crude Salt Field Acquisition Agreement (Gulf Resources, Inc.), Crude Salt Field Acquisition Agreement (Gulf Resources, Inc.), Crude Salt Field Acquisition Agreement (Gulf Resources, Inc.)
