1、Company Qualification Certificate Number: WKGNZ No. 2065Legal Representative: ZHU YANJUNTel: 87585988, 87585688Zip Code: 430073Authorized Deputy: TIAN FENGBOAddress:Authorized Agency:Purchaser: ZHANG WEIName:Add: 334-14 SHANGGANG ROAD, HUANGSHIGANG DISTRICT, HUANGSHI CITY, HUBEI PROVINCENationality:
2、 ChinaGender: MaleDate of Birth: April 10, 1976ID No. 420202197604100015 13971366209, 027-87568894 In accordance with Contract Law of the Peoples Republic of China and Urban Real Estate Administrative Law of the Peoples Republic of China and provisions of other related laws and policies, through fri
3、endly negotiation, both Seller and Purchaser hereby agree as follows:Article 1 Basis for project constructionThe Seller acquired right to use lands numbered WXGY（2002）No. 045 and located in XIAMAZHUANG, DONGHU Development Zone by means of transfer. The Land is 68600.2 m2 and is planned for residence
4、 community from December 16, 2002 to May 10, 2072.The Seller has been approved and built such Commercial Housing on abovementioned land named BAOLI HUADU （Phase I）. Relevant official documents of this Project are following:1. Certificate for the Use of State-owned Land Issued by Bureau of Land Resou
5、rces and Housing Management of Wuhan City No.: WXGY（2002）No. 0452. Planning Permit of Construction EngineeringIssued by Land & Resources Administration Bureau of Wuhan City 20071113. Construction Permit of the ProjectIssued by Bureau of Construction and Management of DONGHU High and New Technology I
6、ndustrial Development Zone of Wuhan City 4201982007041000714014001Article 2 Basis for sales of commercial housingThe Commercial Housing purchased by the Purchaser is Commercial Housing for Delivery. 1. The Commercial Housing as Completed Housing has been recorded by Office of City Comprehensive Deve
7、lopment & Management of Wuhan City on .2. The Commercial Housing as Commercial Housing for Delivery has been acquired the License for Advance Sale of Commercial Houses issued by Office of City Comprehensive Development & Management of Wuhan City, the Permit Number: WKGYS（2007）No. 338.Article 3 Detai
8、ls on Commercial Housing purchased The Commercial Housing purchased by the Purchaser is Room 03, Floor 15, Unit 2, Building 9 under Article 1:The Commercial Housing is built in frame-shear structure; the building includes 18 aboveground floors, belowground floors. The Commercial Housing is built for
9、 dwelling; floor height is 2.9m. A house includes two bedrooms, two living rooms, one kitchen, two washrooms and two open-type balconies （see Exhibit 1）.Construction area of the Commercial Housing as agreed in the Stipulation of Contract is 85.74m2 including in-flat construction area of 68.82m2 and
10、apportioned area for public facility and shared house totaling 16.92m2, （apportioned area for public facilities and shared house is detailed in Exhibit 2）.If there is no special agreement, the Commercial Housing shall be in conformity with related national mandatory standards on building materials,
11、design, fire protection, water supply and drainage, sound insulation, lighting, energy conservation, garage etc.Article 4 Details on the Project of Commercial Housing purchased1. The forestation rate: 35%; the area of the roads: 8200m2, the area of property management house: 300m2, the area of commu
12、nity residents committee house: 100m2;2. The area of car park: 2550 m2;3. The area of club: ;4. .Article 5 Pricing and PricesThis Commercial Housing doesnt belong to Government Pricing Commercial Housing.The Seller and the Purchaser hereby agree that this Commercial Housing shall be priced in Mode 1
13、 specified below:1. Unit price of such Commercial Housing based on construction area is 6402.71 RMB/m2 and total price is RMB Five hundred forty-eight thousand nine hundred and sixty-eight in words.2. Unit price for the commercial housing based on suit-in construction area is RMB/m2 and total amount
14、 is RMB .3. Total price for the commercial housing based on suit （unit is RMB） in words.4. The Seller cant charge any fees except purchasing money of the Commercial Houseing to PurchaserArticle 6 Payment and TermPurchaser shall conclude the payment on time as per Item 1 specified as follows:1. Lump
15、sum 2. Installment3. Loan4. EtceterasThe agreement of Payment and Term is detailed in Exhibit 6.Article 7 Liability by Purchaser for Overdue PaymentThe case in which Purchaser does not conclude the payment as agreed herein shall be subject to Item 1 specified as follows:1. Different handling based o
16、n different overdue time （without accumulation）（1） In case of 15 days overdue, Purchaser shall pay 0.3 of overdue payment to Seller as penalty on daily basis since the second date of the time limit payment payable agreed herein to the very date of sum paid in and the Contract shall continue its effe
17、cts.（2） Seller shall be entitled to cancel the Contract in case of 15 days of overdue. In case of canceling by Seller, Purchaser shall pay 5% of accumulated payment payable to Seller as penalty. The Contract shall continue its effects and Purchaser shall pay 0.5 （the ratio shall not be less than tha
18、t specified in （1） of overdue payment to Seller as penalty on daily basis since the second date of time limit of payment payable agreed herein to the very date of sum paid in case Purchaser is willing to continue to perform the Contract which has been agreed by Seller.Overdue payment hereof refers t
19、o the margin between due payment and sum paid in at the stage as specified in Article 6 hereof; in case of installment, it shall be subject to the margin between respective installment and the sum paid in at that stage.2. Article 8 Area Verification and Area Error SettlementAccording to pricing mode
20、 determined by parties concerned, this Article will bring forward area verification and area discrepancy settlement on the basis of construction area/in-flat construction area （referred to as area under this Article）.This article is not available for parties concerned who price on the basis of unit.
21、Discrepancy between contracted area and registered area of property right shall be subject to the latter. In case of discrepancy between contracted area and registered area of property right after delivery of commercial housing, both parties agree to get it settled according to Mode 1 specified here
22、in.1. Both parties agree settlement shall be subject to following principles:（1） Housing payment shall be settled as agreed previously in case absolute value of error ratio of area is in 3% （including 3%）.（2） Purchaser is entitled to return the housing hereof in case absolute value of error ratio of
23、 area exceeds 3%. Seller shall return sum paid in by Purchaser within 30 days from the date of housing returning and pay interest based on the rate for current bank deposit published by the Peoples Bank of China in case Purchaser returns the housing. In case that Purchaser doesnt return the housing,
24、 housing payment for the part within 3% （including 3%） in terms of area error ration shall be undertaken by Purchaser when registered area of property right is larger than that agreed herein while those for the part exceeding 3% shall be undertaken by Seller and property right shall belong to Purcha
25、ser. In case registered area of property right is smaller than that agreed herein housing payment for the part within 3% （including 3%） in terms of area error ration shall be returned by Seller to Purchaser while those for the Party Absolute value of which exceeds 3% shall be double-refunded by Sell
26、er to Purchaser. Ratio of area error = Registered area of property right - Contracted area 100%Contracted areaComplement agreement shall be concluded in case area discrepancy occurs out of design and neither party cancels the Contract. 2. The unit rate per m2 is unchanged and the total payment shall
27、 be made on the basis of registered area on the property right certification. 3. Upon handover of such commodity house, in case that the error ratio between shared floor area of public place and common premise registered in property right certification and agreed area under this Contract exceeds %,
28、both Parties hereby agree to deal with such matter by the following _method. Article 9 Delivery time limit and requirementsSeller shall deliver the commercial housing in conformity with agreement herein to Purchaser for use by August 28, 2009.1. completion of special check and acceptance of layout, unit work quality, fire protection, civil air defense construction, gas supply and so on;2. completion of ancillary facility for public use, municipal utility and landscaping in conformity with design specification and ser
