Plant
Transfer Contract
Party A: Tianjin
Mengyang Biotechnology Co., Ltd.
Business License No.:
120223000009884
Address: Jinhai Road,
Jinghai Development Area, Tianjin P.C.:
301600
Party B: Tianjin Yayi
Industrial Co., Ltd.
Business License No.:
120193000003231
Address: Unit C,
4 th
floor,
Building D1, Xinmao Technology Park, Huayuan Industrial Park,
Tianjin P.C.: 300384
On the basis of
relevant laws and regulations of the People’s Republic of
China, both parties have negotiated and achieved the following
agreement:
Party A transfers to
party B a total area of 30,165 square meters including a
three-story building of milk powder and tablet workshop with an
area of 13,365 square meters; a two-story building of liquid milk
workshop with an area of 6,360 square meters; a three-story
building of warehouses with an area of 10,440 square meters
(collectively addressed as “the Premises”). The
premises are located close to the crossing between Yunshan Road and
Jinhai Road of Jinghai Development Area of Tianjin.
The total price of
transfer is RMB90,495,000.00
Since party B has
already paid RMB4,404,000.00 to party B before September 1, 2008 in
accordance with the Lease Contract of Premises signed on January
15, 2007, both parties agree to reduce such amount from the total
price of transfer. Thus, party B still need to pay RMB86,091,000.00
to party A.
Both parties agree
that from the month when the contract is signed, party B should pay
to party A RMB10,000,000.00 per month before the end of each month
until the end of April 2009. The monthly payment can be made in
several times. And party B should pay off the balance before June
1, 2009.
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Rights and Duties of
Party A
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After the contract is
effective, if pa
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