Shares Transfer AgreementShares Transfer Agreement • March 12th, 2007 • China Housing & Land Development, Inc. • Operators of apartment buildings
Xi’an New Land Development Co., LTD (“New Land”) which is owned collectively by Party A now is in cooperation with BaQiao District Government of Xi’an City in developing BaQiao Science & Technology Industrial Park, a provincial development zone in Shaan’xi Province. This development zone has already been listed in the overall planning of Xi’an city by Xi’an Central Government, with trade and commerce, tourism, residence and logistics as the integrated core activities. Due to its advantages in geographic location, it possesses a prospective future. With respect to the transfer of New Land stock ownership, pursuant to the negotiation between the two parties “Corporation Law of P.R.C” and other relevant law and regulations, and in accordance with the principle of equality and mutual benefit, the two parties have reached the following agreements:
