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Commercial Property Purchased & Sell ContractBoth parties concerned in the contract: Seller: Beijing Lihui Real Estate Development Co. Ltd Registration address: No.25, Nanli of Ganluyuan, Chaoyang District, Beijing Registration No. of Business License : Q. Z. J. Z. Zi. No. 005999 Enterprise Qualification Certificate No.: Legal representative: Liming CAI Tel: 8577738 Zip Code: 100025 Entrusted agent: Address: Zip Code: Tel: Entrusted agency: Registration address: Registration No. of Business License: Legal Representative: Tel: Zip Code: Purchaser: Jie XU 【in person 】【Legal representative】Name: Jie XU Nationality: P. R. China 【ID Card 】【Passport】【Business license No.】【 】 110105710306214 Address: No. 10007, Unit1, Building 14, South Road of Sanlitun, Chaoyang District,Beijing. Zip code: 100020 Tel:【Entrusted agent】【 】Name: Nationality: Address: Zip code: Tel: In compliance with the Contract Law of the Peoples Republic of China, the Urban Real Estate Management Law of the Peoples Republic of China, and other related rules and regulations, the purchaser and seller came to the following agreement on the commercial property sale based on the principle of equality, voluntariness, and unanimous negotiation. Article I Basis for Construction of Project The seller acquired the using right of the land located at Nanli of Ganluyuan, Chaoyang District, Beijing through assignment with the serial number .【Land use right lease contract No. 】【Land use right allocation approval file No.】【Allocated land use right assignment approval document No.】is J. F. D. C. R. (H.) Zi. 94, No. 056 . And the land area is 372,33 m2, the planned usage of the land commercial Property, apartment and office building and the land tenure from Oct. 19, 1995 to Oct. 18, 2065 . Through approval, the seller built the commercial residential building on the above-mentioned land with 【Current name】【Temporal name】Chaoyang Garden and the construction project planning permit No.: 2000 G. J. Zi. 2003 as well as the construction permit No.: S. 0020011502 (J) . .Article II Basis for Sales of Commercial PropertyThe commercial property the purchaser shall buy is 【Ready property】【Pre-sales commercial property】. The approval authority for the pre-sold commercial property is Beijing Municipal Administration Bureau for State Land, Resources, Housing, with the pre-sales permit No. J. F. S. W. Z. Zi. No. 338 . .Article III Basic Information for Commercial Property Purchased by the PurchaserThe commercial property the purchaser shall buy (hereinafter referred to as the commercial property, for the property plan, please refer to Attachment I. And the house number shall be subject to the one in Attachment I) as the project agreed in the Article I of the contract:【Building】 1 【Tower】 20 【Unit】【Floor】No. F The commercial property is used as apartment with the structure of brick and concrete and the floor height for 2.8 meters. The constructed floors above the ground: 29 floors, underground floor: 0 floor.The balcony of the commercial property is 【Closed】【Non-closed】. The 【contracted 】 【property title registered】construction area for the commercial property is 93.65 square meters, including interior construction area 68.54 square meters, apportioned construction area for the public place and shared housing 25.11square meters (For the constitution instructions of the apportioned construction area for the public place and shared housing, please refer to Attachment II). . .Article IV Pricing Method and Contracting PriceThe seller and the purchaser agree to calculate the price of the commercial property by means of the 1st method as follows,1. Calculated by the construction area, the unit price of this commercial property is (USD) $927.21 per square meter, and the total price of the commercial property is USD Ninety one thousand and five hundred sixteen Only.2. Calculated by the interior construction area, the unit price of the commercial property is (Currency: )¥ per square meter and the total price of the commercial property is(Currency: ) Only.3. Calculated by the set (unit), the total price of the commercial property is (Currency: ) Only.4. .Article V Confirmation of Area and Settlement for Area DifferenceAccording to the pricing method that both parties concerned have opted, this article is available for confirming the area and settling difference in the area on the basis of【Construction area】【Interior construction area】(hereinafter referred to as area in this article).This article is not applicable if the price is calculated on the basis of the set (unit).The registered area of the property title shall prevail if it is different from the area agreed in this contract.After the commercial property is delivered, both parties concerned agree to settle the area difference by the 1stmethod between the registered area of the property title and the area agreed in this contract:1. Both parties make the agreements by themselves1) In compliance with article 4 item 1, commercial property unit price is settled on reality 2) ;3) ;4) ; 2. Both parties concerned agree to deal with the difference on the following principles, 1) Where the absolute value of the area difference ratio is smaller than 3% (including 3%), the price shall be settled according to the actual area;2) Where the absolute value of the difference ratio is greater than 3%, the purchaser is entitled to return the property. Where the purchaser decides to return the property, the seller shall refund the price to the purchaser which has been paid by the purchaser within 30 days as of the purchasers proposal of returning the property and shall pay the interest in conformity to the loan interest rate in the same period of the Peoples Bank of China.Where the purchaser does not return the property and the registered area of the property title is larger than that agreed in the contract, the house price incurred from the area difference ratio within 3% (3% included ) shall be made up by the purchaser; the house fund incurred from the area difference ratio above 3% shall be paid by the seller and the property title is owned by the purchaser; if the registered area of the property title is smaller than that agreed in the contract, the seller shall refund the corresponding fund to the purchaser to the absolute value of the area difference ratio within 3% (3% included) and twice the corresponding fund to the absolute value of the area difference ratio above 3%. Area difference ratio = (registered area of property title area agreed in this contract)/ area agreed in this contract 100% In case that both parties concerned dont rescind this contract under the circumstances of the area difference resulted from the alteration of the design, they shall conclude supplementary agreements.Article VI Payment Method and TermThe purchaser shall settle the payment through the 3rd method on time as follows,1. Payment by lump-sum .2. Payment by installment .Article XVII Both parties concerned may make agreements on the following matters,1. The use right for the roof surface of the building where this commercial property is located shall be subject to co-ownership proprietor ;2. The use right for the outer wall surface of the building where this commercial property is located shall be subject to co-ownership proprietor ;3. The naming right for the building where this commercial property is located shall be owned by the seller applying for the approval of concerned department 4. The naming right for the residential quarter where this commercial property is located shall be owned by the seller applying for the approval of concerned department 5. ;6. .Article XVIII This commercial property of the purchaser shall only be used for apartment and the purchaser shall not change its main structure, loading structure and intended use without authorization. Except as otherwise provided in the contract or the attachment thereof, the purchaser is entitled to share the public places and facilities related to this commercial property with other title holders during use and shall assume corresponding obligations according to the covering area and the apportioned floor area for public places and shared housing.The seller shall not arbitrarily change the use nature of the public places and facilities related to this commercial property.Article XIX The disputes incurred from performing this contract shall be settled by both parties concerned through negotiation; in case that the negotiation fails, the settlement shall be made in the 2nd method as follows,1. Submit to Arbitration Committee for arbitration.2. File a lawsuit to the Peoples Court in accordance with the law.Article IIX For anything not covered in this contract, both parties concerned shall agree to conclude a supplementary contract (Attachment IV).Article IIXI The attachments to this contract and the contract shall bear the same legal force. And the characters filled in the blanks and printed text therein shall bear the same legal force.Article
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