Form 8-K. Exhibit
10.1
Agreement
Parties to this Agreement:
Shaanxi Jintao Chengji Investment
Management Company, Ltd. (hereinafter referred to as “Party
A”)
Shaanxi Libao Ecology Science and
Technology Company, Ltd. (hereinafter referred to as “Party
B”)
Based on the principles of equality
and mutual benefits and after considerate discussions, Party A and
Party B enter the following binding terms regarding the assignment
and transfer of “Xi’an City Public Restrooms
Project”.
Section 1: Assigned and Transferred
Project
The
“Xi’an City Public Restrooms Project” described
in this Agreement includes the rights to construct, lease out and
manage the public restrooms within the scope of Xi’an
metropolitan area, as defined in the “Agreement to Invest and
Improve the Public Restrooms in Xi’an City” entered
between Party A and Xi’an Municipal Administrative Commission
on January 10, 2003.
Section 2: Purposes
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1.
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Party B acquired from Party A the rights to
construction and subsequent leasing-out.
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2.
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Party B acquired from
Party A the continuous construction rights and leasing-out rights
of 38 public restrooms within the scope of Xi’an
city.
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3.
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Upon the assignment and
transfer, Party A no longer has the continuous construction rights
and leasing-out rights of the said 38 public restrooms.
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Section 3: Method of Assignment
Party A shall
deliver to Party B the governmental approval, land use and zoning
documents, construction permits, leasing contracts and the
collected rent list for the said 38 public restrooms within 15 days
from the signing date of this Agreement.
Section 4: Assignment Fees
The total
assignment fee for the entire project is RMB 30,000,000 Yuan.
Section 5: Payment of Assignment
Fees
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1.
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Within 5 days from the effective date of this
Agreement, Party B shall pay RMB 100,000 Yuan deposit to Party
A.
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2.
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Within 15 days from the
date when Party B receives the continuous construction rights and
leasing-out rights of the said public restrooms, Party B shall make
the full payment of the Assignment and Transfer Fee to Party A and
the prepaid deposit shall be included into the full
payment.
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Section 6. Rights and Obligations
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1.
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Party A warrants that all the documents and
f
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