Unassociated Document


 



Exhibit 10.1


 







Factory #6 of Shouguang City Haoyuan Chemical Company Limited







Party A: The Yangzi Street Office of Weifang City Binhai Economic-Technological Development Zone (hereinafter referred to as Party A)


Legal Representative: Xilei Yuan


 


Party B: Shouguang City Haoyuan Chemical Company Limited (hereinafter referred to as Party B)


Legal Representative: Ming Yang


 


For the Taiwan Island Ecological Culture City Project construction goes smoothly, there is the need for the demolition of the plant and equipment facilities on the premises of Factory #6 of Shouguang City Haoyuan Chemical Co. Ltd within the scope of the construction project. Based on the confirmation, from the Development Zone Evaluation Center, of the appraisal price of the structures and facilities that need to be demolished, Party A and Party B have entered into the agreement regarding the demolition and clean-up of such structures and facilities affected by the construction project on the ground premises belonging to Party B and the compensation matters as follows:


 




	 	
1.

	
Party A is responsible for the removal and disposal of the plant, buildings, machinery and equipment, water, brine wells (see attachment for more specific information) within the scope of construction project, Party B shall unconditionally cooperate with party A with the dismantling and disposal operations, and Party A shall compensate Party B with a total amount of RMB 18,529,225.67.











	 	
2.

	
Party A shall pay to Party B 60% of the total compensation amount, or RMB11, 117,535.40, within five days after the agreement is signed.











	 	
3.

	
Party A shall complete all the aforementioned demolition work within seven days after the signing of the agreement.











	 	
4.

	
Party A shall proceed with the procedure of the handover of the land usage with the construction unit within three business days upon completion of the demolition, and Party B shall unconditionally cooperate with party A with the whole process. Party A shall pay to Party B the remaining 40% of the total compensation amount, or RMB 7,411,690.27, within five business days upon the inspection and acceptance of the land.









 




  





  











  






 




	 	
5.

	
Responsibility for breach of contract: if one party breaches the contract, then party in breach shall pay to the other party 10% of the paid compensation amount.











	 	
6.

	
The agreement shall become effective on the date of its execution. Other matters not provided herein will be settled through negotiation.  If such negotiation fails, such matters must be resolved in accordance with the law.











	 	
7.

	
This Agreement may be executed in four (4) counterparts, with one each to part A and party B, one copy for the allocation unit, and one copy for filing purpose.
















 


Party A: The Yangzi Street Office of Weifang City Binhai Economic-Technological Development Zone (Chop)




Legal Representative (signature): Xilei Yuan (signature)







Party B: Shouguang City Haoyuan Chemical Company Limited (Chop)


Representative (signature): Naihui Miao (signature)







Date: November 25, 2016


 




  





  











  







 


Demolition Compensation Assessment Schedule for Factory #6 of 


Shouguang City Haoyuan Chemical Company Limited


 





	
 Index #

	
Name

	
The original value of fixed assets

	
Residue Ratio

	
Evaluation Value

	
Remarks


	
1

	
Warehouse

	
36,134.94

	
30%

	
10,840.48

	
 


	
2

	
Office

	
204,733.24

	
30%

	
61,419.97

	
 


	
3

	
Boiler Room

	
71,137.72

	
30%

	
21,341.32

	
 


	
4

	
Chemical Laboratory

	
71,137.72

	
30%

	
21,341.32

	
 


	
5

	
Sulfur Warehouse

	
72,269.89

	
30%

	
21,680.97

	
 


	
6

	
Central Control Room

	
94,535.81

	
30%

	
28,360.74

	
 


	
7

	
Accommodation

	
204,733.24

	
30%

	
61,419.97

	
 


	
8

	
Power Distribution Room

	
83,025.46

	
30%

	
24,907.64

	
 


	
9

	
Crude Salt Field

	
13,344,783.68

	
20%

	
2,668,956.74

	
 


	
10

	
Production Field

	
11,427,322.45

	
20%

	
2,285,464.49

	
 


	
11

	
Brine Reservoir

	
613,256.24

	
5%

	
30,662.81

	
 


	
12

	
Water Reservoir Pot

	
83,025.46

	
58%

	
48,154.77

	
 


	
13

	
Brine Aqueduct

	
16,660,241.70

	
15%

	
2,499,036.26

	
 


	
14

	
Brine Well

	
31,468,626.51

	
20%

	
6,293,725.30

	
 


	
15

	
Tea Water Boiler

	
18,869.42

	
6%

	
1,132.17

	
 


	
16

	
Boiler

	
264,171.92

	
6%

	
15,850.32

	
 


	
17

	
Draught Fan  and Air Duct

	
112,980.17

	
6%

	
6,778.81

	
 


	
18

	
Carburetor

	
125,796.15

	
6%

	
7,547.77

	
 


	
19

	
Sulphur-furnace

	
1,698,248.05

	
6%

	
101,894.88

	
 


	
20

	
Water Feeder

	
3,396,496.10

	
6%

	
203,789.77

	
 


	
21

	
Depositing Tank

	
3,773,884.56

	
6%

	
226,433.07

	
 


	
22

	
Water Pump

	
6,132.56

	
6%

	
367.95

	
 


	
23

	
Acid Pot

	
141,520.67

	
6%

	
8,491.24

	
 


	
24

	
Liquid chlorine cylinders

	
113,964.96

	
23%

	
26,211.94

	
 


	
25

	
Stripping Tower

	
8,962,975.83

	
20%

	
1,792,595.17

	
 


	
26

	
Absorbency

	
9,906,446.98

	
20%

	
1,981,289.40

	
 


	
27

	
Acid Pot

	
150,000.00

	
15%

	
22,500.00

	
 


	
28

	
Air Lift

	
30,800.00

	
15%

	
4,620.00

	
 


	
29

	
Ground Scales

	
14,100.00

	
19%

	
2,679.00

	
 


	
30

	
Bromine Storage Pot

	
311,000.00

	
16%

	
49,731.40

	
 


	
 

	
Total

	
103,462,351.43

	
 

	
18,529,225.67