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Document Preview Agreement of Purchase and Sale |
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Title: |
Agreement of Purchase and Sale |
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Entities: |
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Date: |
2000 |
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Preview shows 4KB of 12KB total |
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Price: |
$41 |
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ID: |
#303358 |
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Agreement of Purchase and Sale of
Right of Use of State-Owned-Land
Article 1. This agreement is made between:
The vendor: Sanhe City Land Management Bureau, Hebei Province,
The People's Republic of China
Legal Address: Sanhe city
Postal Code: 065200
Legal Representative: Zhang Hai-Zhong
Position: Director
(hereinafter referred to as "Party A")
And:
The purchaser: Sanhe City Yanjiao Sinoway Biotech Ltd.
Legal Address: Yanjiao Development Zone
Postal Code: 065201
Legal Representative: Liu Hui-Min
Position: Chairman
(hereinafter referred to as "Party B")
In conformity with "The Municipal Real Estate Control Law of the People's
Republic of China", "The Provisional Regulations on Sale and Transfer of the
Right of Use of State-Owned Land of the People's Republic of China", and
other conjunctional laws and stipulations laid down by the State and/ or
local authorities, the two parties hereby agree to the terms and conditions
contained in this agreement based on the principles of equality,
voluntariness, and mutual benefit.
Article 2. Party A hereby offers to sell the right of use of the land on the
terms and conditions contained in this agreement. The ownership of the land
belongs to the State. The State and government authorities possess the
jurisdictional and administrative rights as laid down by law, as well as
other prescribed rights associated with social and public benefit on the
land. The underground resources, hidden objects underneath the surface, as
well as municipal public facilities, if there are any, are excluded from this
agreement of sale of using right of the land.
Article 3. The land that Party A hereby agrees to sell to Party B is the
developed land of a total area of 97,733 square meters located at the west of
Yanchang Road in the Medical Area of the Development Zone.
{PAGE}
Article 4. The term of the using right of the land as set out herein is 50
years, starting from the date when Party B receives the certificate of the
land use right approved and issued by the government.
Article 5. The land set forth herein shall be used for manufacture, research,
and development of series of bio-chemical products in accordance with the
approved overall plan. If Party B wishes to change the uses of the land
within the using term, Party B shall obtain the approval from Party A and the
city planning and administrative department prior to any changes. This
agreement shall then be revised and resigned with adjusted selling price of
the using right. Party B shall re-register the right of use of the land.
Article 6. Party B shall start the development and construction of the land
within six months from the effective date of this agreement. If Party B does
not start the development and construction on time, it shall apply for the
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