Back to top

Construction Agreement

Construction Loan Agreement

Construction Agreement You are currently viewing:
This Construction Loan Agreement involves

LOTUS PHARMACEUTICALS, INC.

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: Construction Agreement
Date: 7/17/2008

Search Construction Loan Agreement by:

Document Title:

Entire Document: (optional)

50 of the Top 250 law firms use our Products every day

EXHIBIT 10.40

 

English translation of Agreement dated June 3, 2008 by and between Beijing Liang

Fang Pharmaceutical Co., Ltd., a Chinese limited liability company,

and Cha You Qian Qi Economy Commission.

 

Agreement

 

Party A: Cha You Qian Qi Economy Commission

Party B: Liang Fang Pharmaceuticals Limited Liability Corporation

 

Party B has the intention that they want to make the investment to construct pharmaceuticals industrial garden in party A’s Cha Ha Er industrial garden district and manufacture and sell pharmaceuticals (raw material, mass liquids, Chinese medicine extracting, small water needle, medicinal corn starch and solid preparation etc.), health products, cosmetics etc.. Based on both parties’ equal discussion, both parties agree to sign the following agreement:

 

I.         Based on the inspecting and reasoning of party B, party B decides to establish and register Liang Fang Pharmaceuticals (Inner Mongolia) Limited Liability Corporation in party A’s Cha Ha Er industrial garden district. The total investment is 500 million RMB. The purpose of the investment is to develop and construct pharmaceuticals, health products, cosmetics and advanced process for corn project. Funding will be paid by installment: first period: 180 million RMB, second period: 120 million RMB, third period: 200 million RMB.

 

II.        According to the party B’s project plan, Party A will provide party B 600 MU land for the purpose of construction and 400 MU land for the purpose of reservation. The fee for land sale and licensure (all included) is 0.18 million RMB/MU. The land is located on the north of Cha Ha Er Industrial Garden District You Yi Road and on the west of Cha Ha Er Road. Please read the attachment for the detail of location.

 

III.       Party B’s project must meet the Cha Ha Er industrial garden district’s general plan requirement. The project will be implemented after party A oversee and finish the process of environment protection review and institute the project.

 

IV.       Party B can construct self-reserved water source project to meet the water demand of the project. Party A will not impose fee for water resource, waste and other relative supplies for 30 years. Party A will give party B specific benefit for land use tax for 5 years based


This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more