Investment Agreement of Guanke Guangdian Technology Park
Exhibit
10.27
Investment
Agreement of Guanke Guangdian Technology Park
|
Date:
|
March
31, 2006, supplemented on July 7, 2006.
|
|
|
Parties:
|
Guanke
and the People’s Government of Jinjiang City
|
|
|
Term:
|
Ten
years from July 7, 2006
|
|
|
The
agreements:
|
Pursuant
to this investment agreement, the government will provide water,
electricity, and road access for Guanke to construct and develop its
manufacturing facilities in the Guanke Technology Park.
Guanke
agreed to invested at least US$50 million to develop Guanke Technology
Park on the premises.
Guanke
has the right to use a 418 mu (approximately
278,668 square meters) property, which consists of one parcel of 50 mu in Houjunkeng and another
of 368 mu in
Luoshan Houlin
according to following terms: (i) the unit price for the land use right
was RMB153,900 per mu subject to certain
adjustment; (ii) within ten years from Xxxxx 00, 0000, Xxxxxx shall not
transfer, assign, lease or change the nature of the land use right from
industrial use to any other purposes; however, Guanke has the right to
incur mortgage upon the land; (iii) Guanke is eligible for all the
preferential policies promulgated by the People’s Government of Jinjiang
City during the term of this investment agreement. This agreement could
be amended or supplemented by mutual consent of both
parties.
|
|
|
Governing
law:
|
Laws
of the People’s Republic of
China.
|
