REAL PROPERTY PURCHASE AGREEMENT (English Translation)
Exhibit
10.1
(English
Translation)
This
Real
Estate Purchase Agreement (the “Agreement”),
dated
effective as of June 2, 2007, is entered by and between Xx. Xxxx Li (the
“Seller”)
and
Beijing PKU ChinaFront High Technology Co. Ltd. (the “Buyer”).
WHEREAS,
the
Seller has agreed to sell to the Buyer, the Buyer has agreed to buy from the
Seller, the real property owned by the Seller with the address of Room 717,
Tower B, E-Wing Center, 113 Zhichunlu, Haidian District, Beijing 100086 (the
“Real
Property”)
with
the area of 513 square meters.
NOW,
THEREFORE,
according to the Contract Law of the People’s Republic of China (“PRC”)
and
Urban Property Administration Law of PRC, in consideration of the mutual
promises of the parties and the terms and conditions hereof, the parties agree
as follows:
1. Purchase
Price of the Real Property.
The
purchase price is RMB 19,000 per square meter and the total purchase price
is
RMB 9,747,000.
2. Payment
Term.
The
Buyer shall pay the down payment with the amount of RMB 5,848,200 (including
the
deposit of RMB 42,147), 60% of the total purchase price, within three days
following the execution of the Agreement. The rest RMB 3,898,800 shall be paid
off by the Buyer within six months following the change in title to the Real
Property from the Seller to the Buyer.
3.
Other
Selling Expenses.
The
Seller shall provide the Real Property in good condition to the Buyer within
30
days after receiving the total purchase price of RMB 9,747,000. The Seller
is
responsible for all other related expenses, including the real estate tax,
property management fees and electric charges etc.
4. Real
Estate Tax.
All the
real estate tax relevant to the transaction shall be paid off by the Seller.
The
Buyer is responsible for any real estate agent fees.
5. Liability
for Breaching the Agreement.
In any
event that the execution of the Agreement is not possible, each Party hereto
shall be obligated to inform the other one in written form. If the Buyer
breaches the Agreement, the Seller shall pay to the Buyer the entire sum paid
with no interest while deducting the deposit within the 10 days after receiving
the Buyer’s written notice of breach. If the Seller breaches the Agreement, the
Buyer shall have the right to get back the sum paid with double amount of the
deposits from the Seller within 10 days after receiving the Seller’s written
notice of breach.
6. Delivery.
The
Agreement has three copies and shall be delivered to the Seller one copy and
to
the Buyer two copies.
If
to the
Seller, to:
c/o
Xx.
Xxxx Li
Mobile:
00-00000000000
If
to the
Buyer, to:
Beijing
PKU ChinaFront High Technology Co. Ltd.
Rm
717,
Tower B, E-Wing Center,
113
Zhichunlu, Haidian District, Beijing 100086
Attn:
Xx.
Xxxxxxx Xxx
Tel:
00-00-00000000
Fax:
00-00-00000000
7. Amendments
and Additional Consideration.
Any
amendments and additional consideration to the Agreement shall be offered in
written form and signed by the parties hereto.
The
parties hereto have executed and delivered this Real Property Purchase Agreement
as of the date first above written.
|
The
Seller:
|
Xx. Xxxx Li | |
| By: | /s/ Zhao Li | |
|
Name: Zhao Li |
||
|
The
Buyer:
|
Beijing PKU ChinaFront High Technology Co. Ltd.
|
|
| By: | /s/ Xxxxxxx Xxx | |
|
Name:
Xxxxxxx Xxx
Title:
CEO and President
|
||
