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Shanghai Residential Real Estate Sales and Purchase Contract Number of the contract 11111111 Set person of the real estate sales and purchase contract The Seller Part A YANG BABA The Buyer Part B YAO BUYER ZHANG BUYER ZHANG BUYER2 In accordance with the relevant laws and regulations in the People s Republic of China and the relevant regulations in Shanghai Both Part A and Part B agree to sign the contract showing clearly that Part B will buy the house from Part A on equality willingness and agreement from both sides basis which will be serves as an evidence for both sides to abide by Item 1 Part A agrees to sell the house and land tenure in the range the right of use of the house that will be shorted as real estate The detail status is shown as follow I The certificate number of the house which Part A get legally SONG1999001111 II The real estate located in Room 401 No 57 XXX XXX Village Songjiang District Position Room 401 house type house structure admixture 1 III The house gross size 106 68 centiare Land tenure in the range the right of use of the house area of sharing 0 centiare IV House ichnography and rang of the house see Appendix one V Land tenure in the range the right of use of the house is State owned the right of use of the state land is obtain by sells Item 2 Both sides have reached agreement on the price of the house to be sold at REN MIN BI 500000Yuan capitalization FIVE HUNDRED THOUSAND The payment method and payment terms of Party B shall be clearly stated by both parties in the payment agreement Appendix 3 After Party B pays for the house Party A shall draw out a receipt conforming to the taxation regulations Item 3 When Part A transfer the real estate the tenure of land will be deal with the item NO 1 shown as below I Part A obtain the use period of the right of use of the state land from Year Month Day to Year Month Day there into Part B in accordance to this contract gain the real estate obtain the use period of the right of use of the state owned land from Year Month Day to Year Month Day as Legally use the date of expiry of the right of use of the state owned land II III Item 4 Both sides have reached agreement that Part A should vacate before the day 2007 Year 04 Month 30 Day this house and inform Part B to check and accept Part B should check the decoration equipment in the house from the day Part B receive the information in 5 days After checking Party A shall transfer the keys of the house to Party B which indicates the transference of the house Item 5 Party A promises that if there is any damage or demolition to the house decorations or auxiliary facilities during the period from the agreement signing date to the house acceptance date it shall pay Party B the penalty of RMB Yuan which is equivalent to the value of the damaged or demolished facilities Item 6 Party A and Party B agree to apply for the house transference at the real estate exchange before April 30th 2007 Item 7 The right of the land within the scope of the house and the principal and interest of the maintenance foundation for the public place should be considered as being transferred to Part B at the same time when the house is transferred to Part B Item 8 After this contract becomes effective both Part A and Part B should observe the national and this city related stipulation to pay the tax and fee Before the real estate is shifted holds the fee for realty management water electricity gas correspondence and so on had not been paid they should be defrayed as Appendix four Item 9 If Part B doesn t pay the payment in the time promised in this contract Part A and Part B agree to deal that in the next items I I Exceeds the time limit per one day Part B should pay the penalty in of the payment which has not been paid to Part A II III Item 10 If Part A doesn t delivery the real estate to the Part B in the time promised in this contract Part A and Part B agree to deal that in the next items I I Exceeds the time limit per one day Part A should pay the penalty in of the payment which has been paid II III Item 11 Under the principal that both sides have gained agreement on the added item or items which will definitely not violate any item mentioned above more items can be added to the contract in the supplementary part which will be considered as part of the contract and enjoy the same legal force Item 12 This contract will go into effect from the day Part A and Part B sign Item 13 If any dispute happens during the whole process both sides should negotiate first with each other If they fail to get agreement acceptable by both sides they can choose the ways listed as following items II to settle the trouble I Submit to Shanghai Arbitration Committee for Arbitration II Appeal to the Local People s Court Item 14 There are FIVE copies of this contract and additional act altogether ONE is kept by Part A one by Part B One part is kept by Songjiang district finance office Appendix Three Payment agreement Glues the line capping place for perforated rider bill After this contract is signed Part B should pay 2 of the total payment of the house price in RMB 10000 Yuan as earnest money Part B pay the payment of the house price in RMB currency 200000 Yuan before 30 DEC 2006 capitalization TWO HUNDRED THOUSADN YUAN Part B pay the payment of the house price in RMB currency 200000 Yuan before 04 APR 2007 capitalization TWO HUNDRED THOUSADN YUAN Part B pay the payment of the house price in RMB currency 90000 Yuan before 02 FEB 2007 capitalization TWO HUNDRED THOUSADN YUAN Part A I YANG BABA ID Card NoAddress Room 401 No 57 XXX XXX Village Songjiang District Shanghai Zip code Agent Telephone numberMyself seal YANG HUIMIN 07 Year 3 Month 18

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