Attached files
| file | filename |
|---|---|
| 8-K - ADVANCED BATTERY TECHNOLOGIES, INC. FORM 8-K DECEMBER 20, 2010 - ADVANCED BATTERY TECHNOLOGIES, INC. | abat8k20101220.htm |
Letter of Intent to Purchase Land Use Right and Buildings
Seller : Dongguan Qianshun Hardware, Inc
Representative: Lin Lixue
Address: 3 Middle, Qingxi Town, Dongguan City, Guangdong Province, China
Tel: 13609691757
Purchaser: Hong Kong CashTech Investment, Ltd
Tel: 13314601177
In accordance with the provisions of P.R.China Contract Law, Seller and Purchaser are willing to enter into the following intent.
|
|
A.
|
Purchase and Sale:
|
|
|
1.
|
Seller would like to provide the right of use of the following realty to the Purchaser: the four facility buildings (36468 square meters), along with an office building (5245. 56 square meters) and three dormitory buildings (14710.96 square meters), as well as a power supply facility (195 square meters, including power supply equipment with 2000 KVA power supply capacity). All buildings are all located at 3 Middle, Qingxi Town, Dongguan City, Guangdong Province, China. The detailed location number of the land and buildings are subject to the certificate.
|
|
|
2.
|
Purchaser would like to purchase the realty which is stated above from the Seller.
|
|
|
B.
|
Price and Payment
|
|
|
1.
|
Price: both the Seller and the Purchaser agree with the purchase price of RMB 176,000,000.00.
|
|
|
2.
|
Payment: within three days after signing this letter of intent, Purchaser should pay 5% of the total purchase price as the deposit, which is RMB 8,800,000.00. The other 95% of the purchase price will be paid when signing the final contract.
|
|
|
C.
|
Default. Either party who defaults in satisfying the intent of this letter of intent shall be liable for the default responsibility.
|
|
|
D.
|
Seller guarantees that there is no legal dispute regarding the realty listed in A.1.
|
|
|
E.
|
Both parties should prepare for signing the final contract scheduled for January 5th 2011, after signing this letter of intent.
|
|
|
F.
|
Each party keeps one copy of this letter of intent. The specific content depends on the final purchase contract.
|
|
Signature of Seller
|
Signature of Purchaser
|
|
|
/s/ Lin Lixue
|
/s/Fu Zhiguo
|
|
|
Date : Dec 20, 2010
|
Date: Dec 20, 2010
|