xinyinhai8k121807ex10-a.htm


    
      

      

    

     

    
      Real
        Estate Purchase Contract

       

      Party
        A: Harbin Itokin
        Garments Co., Ltd

       

      Party
        B: Harbin Golden Sea
        Technology Printing Co., Ltd.

       

          In
        order to guarantee the legal benefits of both parties, issues concerning
        the
        building purchasing are entered into as follows:

       

      I.
In
        accordance with the negotiation between
        both
        parties, Party A agrees to sell the building and land, which is located in
        No.4,
        Yantai Street, Haping Road Centralized Park, Harbin City to Party B. The
        total
        building area is 10,284.33m2and the
        land area
        is 20,696.5m2.(The
        Property
        Ownership Certificate: HAFANGQUANZHENGPINGZI No.00001971, No.00001970,
        No.00001969, No.00001968 and State-owned Land Use Certificate: HAGUOYONG
        (98)
        No.570 ).

       

      II.
        The Total Purchase Price
        Shall be RMB14,000,000 (USD$1,894,452) . Other taxes or fees payable for
        the
        delivery of building and land and changing the title are exclusive.

       

      III.
Payment
        Term: Party B should
        pay RMB14,000,000  (USD$1,894,452) to Party A at one time. Within the
        two days after the contract is signed, Party B should deposit the payment
        RMB14,
        000,000 (USD$1,894,452) to Party A‘s account in form of bank draft. Party A
        shall check the account to confirm the money and thereafter shall deliver
        the
        Property Ownership Certificate and the State-owned Land Use Certificate to
        Party
        B.

       

      IV.
According
        to the rules made
        by Harbin House Trading Center, both parties should offer all the materials
        needed in the process of building property changing issues, cooperating to
        complete the work in terms of changing the title of building and land property.
        (If Party A’ building and land has a debt or creditor right dispute, or Party A
        has broken laws and has no right to sell the building and land, Party B is
        entitled to terminate the contract with total amount of money paid back by
        Part
        A, and will return the Property Ownership Certificate and the State-owned
        Land
        Use Certificate to Part A. The Contract is instantly invalidated. )

       


      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      V.
In
        accordance to the
        relevant law, both parties shall afford its own taxes fees for changing the
        title. Party B shall afford the other taxes fees which are not indicated.
        After
        receiving the full payment, Party A shall provide Party B the formal
        invoice.

       

      VI.
After
        the full payment,
        Party B is entitled to use the property. However, Party A is working on its
        clearing issue, because of which Party B should make some rooms in the building
        available to Party A to finish the clearing issue. All the charges for water,
        electricity and gas should be paid by the users. No later than Feb.25, 2008,
        Party A should complete delivering the building to Party B.

       

      VII. The
        Party A delivers all
        the facilities, equipments and land to Party B under the current condition.
        Party A shall not pay and take no responsibility for the expenses of the
        building and equipments maintenance before the contract is signed. Party
        A takes
        no responsibility for any problems happened to the building, equipments
        hereafter the contract is signed.

       

      VIII.
Liabilities
        for Breach of
        Contracts: Both the contract parties should comply with the terms in the
        Contract. The Party in breach should pay all the compensation to the faultless
        Party for all the losses.

       

      IX.
Both
        Parties should be held
        responsible for its own losses due to Force Majeure or other events irrelevant
        to both parties.

       

      X.
The
        contract has two copies
        in original, one for each party.

       

       

      


       

      
        	
                Party
                  A : ________________________

              	
                Party
                  B: ________________________

              
	
                (Signature)

              	
                (Signature)

              
	 	 
	
                Handler:
                   ________________________

              	
                Handler:
                  ________________________

              
	 	 
	
                Date:
                  ___________________________

              	
                Date:
                   __________________________