Land Use Rights Purchase Agreement
Party A: Bazhou Deli Solar Energy Heating Co. Ltd.
Party B: Governance Commission of Beijiahe Village Chaheji County Bazhou City
Party A intends to purchase the land use rights to part of the land from Party B
to increase its enterprise scale and production and developing new products.
After the actual inspection and measurement of the land, the parties reach the
agreement and will perform under such an agreement:
1. The land is located western to Xihuan Road, northern to the National Road
#112 at Bazhou City. It is 210 meters long from the south to the north and
293 meters long from the east to the west, totaling 61,530 square meters,
equaling 92.29 mu.
2. The term of the land use rights purchase shall be fifty years (from March
17, 2006 to March 17, 2056.) After the expiration of the term, the
disposal of the land use rights shall be subject to the relevant national
policy.
3. Purchase Price, Payment Method and Base: RMB80,000 per mu, totaling
RMB7,383,700.
a. After the execution of this Agreement, Party A shall pay
RMB2,383,800. Party B shall be responsible for its allocation after
receipt.
b. Party A shall pay the remaining RMB5,000,000 by March 30, 2006.
c. The Agreement shall be effective upon the payment of the full price.
4. After the Agreement takes into effectiveness, during the term of the
Agreement, Party B shall resolve any disputes that may arise from its
villagers on the subject matter. Party A shall bear no relationship to any
such disputes. Party B and its villagers shall not interfere to Party A
and its working process by any excuses. Party B shall compensate Party A's
damages arising from its breach of the Agreement.
5. After the execution of the Agreement, no objection or amendment can be
made due to the change of Party B's composition. Party B shall not raise
any additional requirement based on the fluctuation of the market price of
land.
6. Both parties shall be bound by the Agreement except for the situation of
force majeure. Party B shall give five times of the total invested value
of Party A as compensation on the Agreement if it breaches the Agreement.
7. Party B shall assist Party A to process relevant procedure. Party A shall
assume the fees payable to the land administrative bureau under state
regulations. Party A has the right of first refusal to the land use rights
to the land adjacent to the land under the Agreement. Party B shall inform
Party A and obtain its consent if it leases the land adjacent to the land
under the Agreement.
8. The Agreement shall be in three copies, Party A holds two and Party B
holds one. Each has equal effect.
Party A: Bazhou Deli Solar Energy Party B: Governance Commission of
Heating Co. Ltd. (with the corporate Beijiahe Village Chaheji County Bazhou
seal affixed to) City (governance commission seal
affixed to)
Legal Representative: Deli Du Commission Secretary: Zemin Du
Commission Chief: Zhangji He
Date: March 16, 2006 March 16, 2006
