Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - HUIHENG MEDICAL, INC. | v223759_8k.htm |
| EX-10.1 - FORM OF TRANSFER AGREEMENT - HUIHENG MEDICAL, INC. | v223759_ex10-1.htm |
Agreement for Debts Settlement
Party A: Shenzhen Jiancheng Investment Co., Ltd.
Party B: Tibet Changdu Huiheng Development Co., Ltd.
Up until March 30, 2011, Party A should pay Party B RMB110,720,000.00 for the equipment and miscellaneous service charge;
According to the “Transfer Agreement” signed by both parties on Mar. 14, 2011, Party B should pay Party A RMB54,000,000.00 for the project transfer;
An agreement has been reached as follows through friendly consultation by both parties:
|
1.
|
The sum that Party A should pay Party B and the sum that Party B should pay Party A offset each other. As a result, Party A still owes Party B RMB56,720,000.00 on the accounts receivable.
|
|
2.
|
The agreement enters into force upon signatures and stamps of both parties, in two copies, with each party having one copy, both of which have the same legal force.
|
|
3.
|
Any dispute arising from the performance of this agreement shall be settled through friendly negotiation, and in case of failure to reach a settlement through the negotiation, go to the Shenzhen People’s Court to file a lawsuit.
|
|
Party A: Shenzhen Jiancheng Investment Co., Ltd.
|
Party B: Tibet Changdu Huiheng Development Co., Ltd.
|
|
Legal Representative: Jun Li
|
Legal Representative: Xiaobing Hui
|
|
Signed at Shenzhen on March 30, 2011
|