JJB REAL ESTATE TRANSFER
REPAYMENT AGREEMENT
Assignor (Party
A): JiangXi JieZhong Biochemistry Ltd (JJB)
Assignee (Party
B): YanBian YiQiao Biochemistry Pharmaceutical Ltd (YYB)
Mortgagee
(Party C): China Industrial and Commercial Bank Stock Ltd ShangRao
County Sub-branch
Signing
Location: JiangXi Province ShangRao City JieFang Road 179 (City
Food Bureau First Floor)
According
to relevant regulations of “The City Real Estate
Administration of The People’s Republic of China”,
Party A, B and C, the three parties signing this real estate
transfer contract in regards to the transfer arrangement are
according to principles of “equality, voluntary and
legal”.
|
|
I.
|
|
Transferring Real Estate:
|
|
|
|
|
|
|
|
1.
|
|
Land Transfer:
|
|
|
|
|
|
|
|
(1)
|
|
Land-Use Right Certificate Number:
TuGuoYong (2003) ZiDi 310016:
|
|
|
|
|
|
|
|
(2)
|
|
Square Measure: 6023 m
2
|
|
|
|
|
|
|
|
(3)
|
|
Type of Land-Use Right: To
Sell
|
|
|
|
|
|
|
|
(4)
|
|
Purpose of the Land:
Commercial
|
|
|
|
|
|
|
|
(5)
|
|
Level of the Land: Level
2
|
|
|
|
|
|
|
|
(6)
|
|
Land Number:
02-03-116
|
|
|
|
|
|
|
|
(7)
|
|
Termination Date: March 25,
2043
|
|
|
|
|
|
|
|
(8)
|
|
Mutual Apportion Area: 0
m 2
|
|
|
|
|
|
|
|
2.
|
|
Building Property
|
1
|
|
(1)
|
|
Property Proprietary Number:
YanBianZhou TuMen Property Right Certificate No.
12049
|
(2) Property
Location: JiLin Province YanBian TuMen DaLu 245
(3) Property
Classification: Joint-Stock Enterprise Property
(5) Housing
Situation: Reinforced concrete structure, 6 floors, Building Area
11626.78 m 2
|
|
II.
|
|
Reasons for Real Estate to transfer:
the above land-use right and property proprietorship own by Party
A, because it used as the GMP workshop and the production operation
site for YYB, for the integrity, practicability and necessity of
company stock transfer.
|
|
|
|
|
|
|
|
III.
|
|
Party A already remind the relevant
fact of the bank mortgage for estate and land use right, and Party
B is responsible for repayment of property and land-use right of
the mortgage loan principal to China Industrial and Commercial Bank
Stock Ltd ShangRao County Sub-branch, interest total sixteen
million RMB and above interest of the loan interest; Party B
completely aware of the fact of the property and land-use right is
set in mortgage, and will assume the legal consequences after the
acceptance.
|
|
|
|
|
|
|
|
IV.
|
|
Payment Method, Time Period and
responsibility of breach of contract
|
|
|
|
|
|
|
|
1.
|
|
Original principle of the loan and
interest 16 million RMB repayment arrangement: Party A company
stock transfer notarized certificate delivered to Party B within
ten days, Party B pay Party C one million RMB even; pay Party C one
million RMB even, before end of June 2009; pay Party B two
million RMB even before end of December 2009; January —
June 2010 each month pay Party C seven hundred thousand RMB even;
after July 2010, each month pay Party C one million RMB even,
until the principle of the loan and interest are pay
off.
|
|
|
|
|
|
|
|
2.
|
|
Interest generated from original
principle of the loan and interest of 16 million RMB repayment
arrangements: Party A is responsible to repay the interest prior to
the signing date of this agreement, Party B is responsible
for
|
2
|
|
|
|
the
repayment of the interest generate after the signing date of this
agreement. After this agreement is signed, Party C agree to
postpone payment for Party B on the interest generate before end of
December 2009, but Party B should repay before end of
June 2010; repay monthly on the principle of the loan and
interest owed as monthly interest starting January 2010,
interest rates according to the granted loans policy
implementation.
|
|
|
|
|
|
|
|
3.
|
|
Responsibility of breach of
contract: Party B should carry out the above mentioned agreed
payment strictly, for some reason Party B delayed one of the
monthly payment, should request from Party C, Party C will not
investigate; occur over twice or postpone for two months of payment
constitute a breach of contract, this agreement is void, Party B
repayment of loan principal and interest deduct the original
16 million loan and interest amount, Party C would not
refund.
|
|
|
|
|
|
|
|
V.
|
|
The
contract is legally binding once signed and stamped by Party A, B
and C. After Party B pay off the loan principal and interest to
Party C, Party C will release the title, and delivery property,
land-use right and related certificate of title to Party B. Party B
will apply for registration formalities at the Property Management
Department and the Department of Land Registration Authority to
register for the property and land-use right, Party B will assume
the expenses of taxation during the transferring process. Party A
will assist on transaction, and issue trust deed.
|
|
|
|
|
|
|
|
VI.
|
|
Before paying off the
|
|