Lease AgreementLease Agreement • April 28th, 2020 • MDJM LTD • Real estate agents & managers (for others)
In accordance with “Contract Law of People’s Republic of China”, “Measures for the Administration of Urban Housing Leasing” of Ministry of Construction as well as relevant regulations in Tianjin, Party A and Party B reach into following agreement through consultation and abide by it:
Acquisition AgreementAcquisition Agreement • April 28th, 2020 • MDJM LTD • Real estate agents & managers (for others)
In June 2018, Party A and Party B jointly set up a company to operate a Youth Hotel with a leased venue located at Wujiayao No. 2 Road 101-107,201-211, 301-303,401-408, Flat 1-2 (hereby referred as “Wujiayao Project”), and Party C is a joint venture established after related parties of Party A and Party B invested therein. Due to the fact that when the building is leased, Party C was not yet founded and there was no bank account opened for it, Party A advanced RMB1,340,825 to Party C for expenditure (see the attachment for breakdown). Due to other reasons, Party A is willing to withdraw from Wujiayao Project and Party B agrees to take it over, and related parties of Party B agree to purchase from all equity interests of related parties of Party A in Party C (as specified in the certain Equity Transfer Agreement). Through negotiations, the parties agree as follows:
