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Project Construction
Contract
The People’s Government of Linwei District, Weinan
City
Tianjin Yayi Industrial Co., Ltd.
July 2008
Project Construction Investment Contract
Party A: The
People’s Government of Linwei District, Weinan City
(addressed as party A below)
Party B:
Tianjin Yayi Industrial Co., Ltd. (addressed as party B
below)
According to
the Contract Law of the People’s Republic of China and
related statute, and based on negotiation, both parties have agreed
to signed the contract allowing party B to invest in Weibei
Industrial Park of Weinan High-Tech Industrial Development Area to
establish goat milk process project:
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Party A agrees
that party B will invest in Weibei Industrial Park of Weinan
High-Tech Industrial Development Area to establish goat milk
process project. The total investment amount will be 130M RMB,
including fixed assets of 80M RMB. The planned construction area is
30,000 square meters, which will be used for deep processing of
goat milk products. The designed production capacity of all kinds
of goat milk products is 50,000 tons per year. After the production
begins, the project will bring annual sales of 300M RMB and annual
tax of 60M RMB.
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Party A agrees
to lease a piece of land with an area of about 66670 square meters
to party B at the price of 68,000 RMB per 666.7 square meters (the
area is subject to the actual measuring and include the surrounding
roads). The address is to the east of the Gong Ye Street extension
line and to the north of Hou Huai Road. The term of use is 50
years. The city construction facilities fee is exempted. Party B
should pay off the land use right transfer price within 10 days
after signing the contract. (payment receiving unit: New Industrial
Project Area of Linwei Branch of Weinan City State-Owned Land and
Resources Bureau Account number: 2605044629200056606 Account
Opening Bank: ICBC Qianjin Road Branch, Weinan City) Meanwhile,
party A should make sure that party B may enter the piece of land
to start construction within 30 days after it pays off the land use
right transfer price.
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As to the
project, party B must cover the industrial and commerce
registration, tax registration and liquidation in the Wei Bei
industrial park of Linwei District. Party B must follow laws and
statutes to operate and pay taxes.
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In order to
make sure that party B’s project construction can start and
complete as scheduled, party A must provide necessary documents for
design and construction within ten days after the use right
transfer payment is paid off. When party B’s investment
on
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