Real Estate Purchase Contract
Party
A: Harbin Itokin
Garments Co., Ltd
Party
B: Harbin Golden Sea
Technology Printing Co., Ltd.
In
order to guarantee the legal benefits of both parties, issues concerning
the
building purchasing are entered into as follows:
I.
In
accordance with the negotiation between
both
parties, Party A agrees to sell the building and land, which is located in
Xx.0,
Xxxxxx Xxxxxx, Xxxxxx Xxxx Xxxxxxxxxxx Xxxx, Xxxxxx Xxxx to Party B. The
total
building area is 10,284.33㎡and the
land area
is 20,696.5㎡.(The
Property
Ownership Certificate: HAFANGQUANZHENGPINGZI No.00001971, No.00001970,
No.00001969, No.00001968 and State-owned Land Use Certificate: HAGUOYONG
(98)
No.570 ).
II.
The Total Purchase Price
Shall be RMB14,000,000 (USD$1,894,452) . Other taxes or fees payable for
the
delivery of building and land and changing the title are exclusive.
III.
Payment
Term: Party B should
pay RMB14,000,000 (USD$1,894,452) to Party A at one time. Within the
two days after the contract is signed, Party B should deposit the payment
RMB14,
000,000 (USD$1,894,452) to Party A‘s account in form of bank draft. Party A
shall check the account to confirm the money and thereafter shall deliver
the
Property Ownership Certificate and the State-owned Land Use Certificate to
Party
B.
IV.
According
to the rules made
by Harbin House Trading Center, both parties should offer all the materials
needed in the process of building property changing issues, cooperating to
complete the work in terms of changing the title of building and land property.
(If Party A’ building and land has a debt or creditor right dispute, or Party A
has broken laws and has no right to sell the building and land, Party B is
entitled to terminate the contract with total amount of money paid back by
Part
A, and will return the Property Ownership Certificate and the State-owned
Land
Use Certificate to Part A. The Contract is instantly invalidated. )
V.
In
accordance to the
relevant law, both parties shall afford its own taxes fees for changing the
title. Party B shall afford the other taxes fees which are not indicated.
After
receiving the full payment, Party A shall provide Party B the formal
invoice.
VI.
After
the full payment,
Party B is entitled to use the property. However, Party A is working on its
clearing issue, because of which Party B should make some rooms in the building
available to Party A to finish the clearing issue. All the charges for water,
electricity and gas should be paid by the users. No later than Feb.25, 2008,
Party A should complete delivering the building to Party B.
VII. The
Party A delivers all
the facilities, equipments and land to Party B under the current condition.
Party A shall not pay and take no responsibility for the expenses of the
building and equipments maintenance before the contract is signed. Party
A takes
no responsibility for any problems happened to the building, equipments
hereafter the contract is signed.
VIII.
Liabilities
for Breach of
Contracts: Both the contract parties should comply with the terms in the
Contract. The Party in breach should pay all the compensation to the faultless
Party for all the losses.
IX.
Both
Parties should be held
responsible for its own losses due to Force Majeure or other events irrelevant
to both parties.
X.
The
contract has two copies
in original, one for each party.
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Party
A : ________________________
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Party
B: ________________________
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(Signature)
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(Signature)
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Handler:
________________________
|
Handler:
________________________
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Date:
___________________________
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Date:
__________________________
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