Land Purchase Agreement
Land
Purchase Agreement
Transferor:
Harbin Songbei District Construction and Development Management
Committee
Transferee:
Harbin Humankind Biology Technology Co. Limited
Based on
the principles of equality, voluntariness, compensating and good faith, the
transferor and the transferee entered into this agreement.
Article
I
Transferor
tansfers to transferee the land located in Duiqing Mountain Industrial Park,
Songbei District (See the layout). The land size is 30,000 square meters. Refer
to Land Boundary Drawing for the boundary and the boundary site
coordinates.
Article
II
The land
under this agreement is used for development and construction.
Article
III
Transferor
agrees to transfer the land to Transferee before October 1st, 2009,
when the water, electric and road around the land are availale to
use.
Article
IV
The
duration of the land use right under this agreement is Fifty years since the
signing date of this agreement.
Article
V
The total
purchase price for the Land is RMB 31,500,000 (RMB 1050 per square
meter).
Article
VI
Transferee
shall pay RMB 21,000,000 to Transferor as initial payment within ten days after
signing of this agreement.
Article
VII
Within
ten days after signing of this agreement, both transferor and transferee shall
conduct on-site measurement on boundary posts based on coordinates marked in
Land Boundary Drawing. Transferee shall protect boundary posts and is forbidened
to change the boundary posts. When boundary posts are damaged or moved away,
Transferee shall immediately send written notice to Transferor and apply
measurement to recover boundary posts.
Article
VIII
Transferee
shall pay the remainer of the total purchase price when transferee applies the
land registration.
Article
IX
Transferor
is under obligation to assist Transferee in applying land registration and
obtain Land Use Certificate and land use right. Transferee shall afford the
expense related to application of Land Use Certificate.
Article
X
This
agreement is executed in three copies with the same legal effect, with two pages
in each copy. Transferor and Transferee hold one copy each. The original copies
of this agreement are in Chinese. The amount in this agreement shall be in both
traditional Chinese characters and numerals. The traditional Chinese characters
shall be in line with numerals. If there is any difference about the amount,
both parties shall take traditional chinese characters as the acurate
amount.
As for
the matteres not covered in this agreement, both Transferor and Transferee shall
stipulate in the additional document as the attachment to this agreement. The
attachment has the same legal effect with this agreement.
Transferor:
Harbin Songbei District Construction and Development Management Committee
(Seal)
Legal
Representative:
Transferee:
Harbin Humankind Biology Technology Co. Limited （Seal）
Legal
Representative:
July
7th,
2009
