EXHIBIT 4.2
NEW CHINA HOMES LTD
0000 XXXXXX XXXX
XXXXX 000X, XXXX XXXXX, X000000
TEL: 000-000-0000
FAX: 000-000-0000
Date: 0xx Xxxxx 0000
Xxxxxx Xxxxx Investments Ltd
X/x 00/X, Xxx Xxxx Xxxxxxxxxx Xxx
000 Xxx Xxxxx Road, Central
Hong Kong
Attention: Xx. Xxxxxx Xxxx
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 above agreement and the extension letter dated 26th September
2001 signed between the two parties.
We wish to advise that we are still unable to fulfill our obligation pursuant to
Clause 6.14, Clause 6.2 and Clause 6.3 on Schedule 6 (The Warranties) of the
original sales and purchase agreement. With this we propose that the due date
for the payment of the Promissory Notes be extended to 30th September 2002.
We further propose that until the above mentioned date both parties shall not
take further action or lodge any claim against each other.
Thank you,
Yours faithfully, Agreed by:
/s/ Xxxxxx Xxxxxxx /s/ Xxxxxx Xxxx
------------------------------ ------------------------------------
Director Director
For and behalf of For and behalf of
New China Homes Ltd Wonder China Investments Ltd
