Agreement
Party
A: XXXXX
Xxxxxxxxx
Party
B: Daqing Qingkelong
Chain Commerce & Trade Co., Ltd.
In
respect to the voluntary termination of the Contract on Purchase and Sale of
Premises entered into on December 30, 2009, the two Parties have reached the
following agreement after full consultation between them:
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1.
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Upon
effectiveness of this Agreement, the Contract on Purchase and Sale of
Premises and the auction formalities pertaining to the signing of purchase
and sale contract shall both become invalid
automatically.
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2.
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The
payment of price made by Party B as agreed upon under the Contract on
Purchase and Sale of Premises shall refunded to Party B by Party A on the
date of signature of this
Agreement.
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3.
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Party
A has breached the Contract on Purchase and Sale of Premises by failing to
sell the premises to Party B; therefore, Party A undertakes to lease the
premises to Party B at a price lower than the market price (i.e.,
RMB130,000 per year). Party B undertakes to cease holding Party A liable
for his breach.
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This
Agreement is made in three copies, with Party A holding one and Party B holding
two, and shall come into effect upon affixation of the signatures and seals of
both Parties.
Party A
(Signature): /s/ XXXXX
Xxxxxxxxx
(attached
with a photocopy of his ID)
Date:
June 28, 2010
Party B: Daqing QKL Chain
Commerce & Trade Co., Ltd.
(affixed
with company seal)
Legal (or
Authorized) Representative: /s/ WANG
Zhuangyi
Date:
June 28, 2010
