EXHIBIT 4.3
WONDER CHINA INVESTMENTS LIMITED
X/X 00/X, XXX XXXX CONSORTIUM LTD
000 XXX XXXXX XXXX, XXXXXXX
XXXX XXXX
TEL: 000-00000000 FAX: 000-00000000
Date: 2nd October 2002
New China Homes Ltd
0000 Xxxxxx Xxxx
Xxxxx 000X, Xxxx Xxxxx, X000000
Tel: 000-000-0000
Fax: 000-000-0000
Attention: Xx. Xxxxxx Xxxxxxx
Dear sirs,
SALES AND PURCHASE AGREEMENT DATED 30TH MARCH 2001 FOR THE ENTIRE ISSUED & PAID
US SHARE CAPITAL AND DEBTS IN TOP TREND DEVELOPMENT LTD BY AND BETWEEN NEW CHINA
HOMES LIMITED AND WONDER CHINA INVESTMENTS LIMITED.
We refer to the abovesaid agreement and your letter dated 30th September 2002 on
the proposed cancellation of the same.
We hereby confirm and agree to cancel the subject agreement under the following
terms and conditions:
1. The deposit of HK$1,280,000 paid to your company upon signing of the
sales and purchase agreement must be refunded within 30 days from the
date of your acceptance of this cancellation. Failing which, we
reserve the right to charge interest at the prevailing market rate
from due date;
2. the Promissory Note, which has lapsed will become null and void; and
3. both parties should have no further claims against each other, other
than the cost and expenses incurred relating to the abovesaid
cancellation as a result of the breach of warranties which shall be
borne by New China Homes Ltd.
Yours faithfully, Agreed by:
/s/ Xxxxxx Xxxx /s/ Xxxxxx Xxxxxxx
------------------------------------ ------------------------------------
Director Director
For and behalf of For and behalf of
Wonder China Investments Ltd New China Homes Limited
