Memorandum of Understanding
Exhibit 10.2
Party A: XIAMEN HEYU HOTEL MANAGEMENT CO., LTD.
Party B: XIAMEN YUANBO BAY HOT SPRING HOTEL CO., LTD.
With the purpose of resource sharing and mutual development, Party A and Party B agree as follows through friendly negotiation on the principle of equality and mutual benefit:
| 1. | Party B agrees to list the project assets located at Xingjin Road, Jimei District as Party A’s target asset for listing in a packaged portfolio. Party A pays the down payment to Party B by the end of January of 2015. |
| 2. |
| 3. | The memorandum of understanding herein shall be applies for business cooperation between the two parties but not be considered as an evidence for any specific project. |
| 4. | Both parties and their departments have the obligation to keep the commercial confidentiality herewith. |
| 5. | Both parties agree to resolve the matters not covered herein through further negotiation. |
| 6. | This memorandum of understanding is in duplicate with both parties holding one copy respectively. |
| 7. | This memorandum of understanding shall come into force upon the date of signing by both parties. |
PARTY A: STAMP OF Xiamen Heyu Hotel Management Co., Ltd. with signature
PARTY B: STAMP OF Xiamen Yuanbo Bay Hot Spring Hotel Limited. with signature of Xxxxxx Xxxx
07th Dec, 2014
