Assets Transfer Contract between Deheng Assets Management Co., Ltd and Inner Mongolia Tehong Coal Group Co., Ltd
Exhibit
10.27 |
Final-20050808
Assets Transfer Contract between Deheng Assets Management Co., Ltd
and Inner Mongolia Tehong Coal Group Co., Ltd
August 11,
2005 |
Catalogue |
1. | assets |
2. | payment |
3. | payment method |
4. | precondition of document delivery |
5. | file delivery |
6. | confirmation |
7. | statement and guarantee |
8. | payment for tax |
9. | termination |
10. | information |
11. | additional cooperation |
12. | applied law and disputation resolve |
13. | effective and other stipulation |
Attachment 1. | Definition | |
Attachment 2. | Information | |
Attachment 3. |
Format of information to China Construction Bank | |
Attachment 4. | Confirmation | |
Appendix 1. | Confirmation | |
Appendix 2. | List of original asset file | |
Appendix 3. | List of copy asset file |
Assets Transfer Contract
This contract is signed by under-mentioned two sides at Hohhot City on August, 2005.
Seller: Deheng Assets Management Co., Ltd
Registered address: Xxxx000, 0/X, Xxxx Xxxxxxxxxxxxx Construction Management Center, Xx.00 Xxxxxx Xxxxx Xxxx, Xxxxxxx Economic Development Zone, Beijing
Purchaser: Inner Mongolia Tehong Coal Group Co.,Ltd
Registered address: Guanbanwusu Coal Mine, Xuejiawan Town, Zhunger County
Whereas
a. seller is a foreign owned asset management company established and existed according to Chinese
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law | |
b. | purchaser is a limited company established and existed according to Chinese law |
c. | China Construction Bank signed confirmation letter with seller, confirming that asset has been transferred to seller. So seller receive transfer from China Construction Bank. |
d. | Seller would like to transfer its asset acquired from China Construction Bank to purchaser, purchaser agrees to buy. |
By friendly negotiation, both sides in contract signed this contract based on equality and mutual benefit: |
Article 1. Assets |
Article 2. Payment |
Article 3. Method of payment |
Article 4. Precondition of file delivery |
Article 5. File delivery |
Overleap
Article 13. Effective and other stipulation
a. it will takes effective when signed by both artificial person or accredited representative.
Overleap
f. There is duplicate in this contract, each side holds one, it has same enforcement.
Seller(stamp): Deheng Assets Management Co., Ltd
Signature: Xxxxxx
X.Weishy Post: Director |
Purchaser (stamp): Inner Mongolia Tehong Coal Group Co., Ltd
Signature: Ding
Wenxiang Post: General Manager |
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Attachment 1
Definition |
China Construction Bank: is China Construction Bank and its successor China Construction Bank Stock Co., Ltd; in order to avoid different meaning, China Construction Bank refers to general bank or branch, decided according to special condition.
Asset file means file listed in appendix 2 and appendix 3 of this contract.
Physical assets refers to
a. | Land and building of Building 3 in Hongqi Street in Hohhot City(Property Certificate No. 2003001090). |
b. | Land and building of Building 8 in Hongqi Street in Hohhot City(Property Certificate No. 2003002197). |
Assets means physical asset, where china Construction Bank is registered as owner by government.
Guarantee Money means RMB100 thousand yuan.
Payment is RMB13, 001,000
First payment is RMB11, 700,900 covering 90% of total payment.
Second payment is RMB613, 900.
Third payment is RMB686, 200.
Overleap
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Attachment 2 Information
The information in this contract should be sent to under-mentioned address:
To Seller
Deheng Assets Management Co., Ltd
Receiver: Ou Lifei, Xx Xxxxxx
Address: Xxxx000, 0/X, Xxxx Xxxxxxxxxxxxx Construction Management Center, Xx.00 Xxxxxx Xxxxx Xxxx, Xxxxxxx Xxxxxxxx Xxxxxxxxxxx Xxxx, Xxxxxxx, Xxxxx
Postal Code: 100176
Tel: 00 00 00000000
To Purchaser
Inner Mongolia Tehong Coal Group Co., Ltd
Receiver: Ding Wenxiang
Mailing address: Guanbanwusu Coal Mine, Xuejiawan Town, Zhunger County
Postal Code: 010300
Tel: 00000000000, 0000-0000000
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No. of Confirmation letter:
6 |
Asset No.
EY-50JM-A04 |
Confirmation Letter about
transfer of asset Digest |
According to Asset Transfer Agreement signed between China Construction Bank and Germany Bank Singapore Branch on June 30, 2004, also transfer document signed between Germany Bank Singapore Branch with Deheng Asset Management Co., Ltd, stipulation in Chinese law and rule, China Construction Bank Stock Co., Ltd transferred his rights and equity of land and building in Xxxxxxxx 0, Xxxxxx Xxxxxx, Xxxxxx Xxxx to Deheng, so under is the confirmation:
26. | assets mean physical asset, which is registered as owner by government. |
27. | China Construction Bank transfer right in above asset to Deheng. |
28. | Deheng is the only one to dispose this asset. |
overleap |
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