Purchase Contract
Exhibit
10.11
Party
A:
Harbin Zhonghelida Education &Technology Co., Ltd.
AD.:No.
00, Xxxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxx. Tel:00000000
Party
B:
Harbin Nangang Compass Computer Training School
AD.:
Xx.000, Xxxxxxx Xxxxxx , Xxxxxxx Xxxxxxxx, Xxxxxx.
According
to the terms of Contract
Law of the People’s Republic of China,
after
negotiation between both Parties, for the matter that Party A purchases Party
B,
as following agreement:
I.
Purchase object
The
puchase object of this contract is that Party B acts as an agent for BeiDa
Jade
bird ACCP project authorized operation right, BeiDa Jade bird BENET authorized
operation right and office, teaching and other assests. More information
in
contract attached:the
list of purchase object
II. Purchase
price
The
total
purchase price is 7,900,000 yuan(RMB),or the total capital of the
list of purchase object
The
payment terms of the purchase price
Party
A
pay to Party B for one time.
The
contract shall come into force from the date of execution hereof by Party
A and
Party B, Party A pays the total capital for 7,900,000 yuan(RMB)to Party B
by
transfer.
III. Related
assest handover
The
handover matter should be finished within the date of execution.
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1.
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Assest
handover should be matched with the financial data, assest data
in the
date of execution.
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2.
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Handover
should be finished according to the the list of the purchase object.
Both
representatives sign in the
list of the purchase object(
In Duplicate) after both parties check the
handover.
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3.
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During
the handover, for the current purchase object condition, if destroied
or
lost by each party, who should be responsible for the
amends.
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Ⅳ.
Responsibility and obligation
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1.
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Party
A only purchase the assets which limited in the enclosed “List of purchase
object” of the contract and do not bear the debt of the party B before
the
date which the contract goes into effect.
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2.
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Party
A has the responsibility to maintain the enterprise brand image
and the
public reputation of party B and BeiDa Jade
bird.
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3.
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Party
A has the responsibility to pay the purchase price on schedule
according
to the agreement between both parties.
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4.
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Party
B has the responsibility to provide all assets of the “list of purchase
object” to party A.
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5.
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Both
party should abide by the contract strictly, should not breach
of faith,
or the breaching party should pay 20% of the object amount to the
observant party to compensate the other party’s related
loss.
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Ⅴ.
Settlement of Disputes
Any
disputes arising from the execution of, or in connection with, the contract
shall be settled through friendly consultations between both parties. In
case no
settlement can be reached through consultations, the dispute should be impleaded
to the people’s court according the law.
Ⅵ.
The contract modification or termination
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1.
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Both
parties have no right to modify or terminate the contract by one
party.
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2.
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If
it has the modification issue, one party shoud inform the other
party 15
in advance in write, if both parties agree to modify through the
friendly
consultations the both parties sign the written document as the
enclosure
of the contract. In case no settlement can be reached through
consultations the parties could select the other way.
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Ⅶ.
Others
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1.
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The
contract become effective since the date of the both parties sign
the name
and seal.
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2.
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The
contract is in duplicate,one for each
party.
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Party
A (seal):
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Party
B (seal):
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Legal
representation(agent):
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Legal
representation(agent):
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Date
of Signing: Dec.28 2006
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Date
of Signing: Dec.28 2006
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