Exhibit 10.1





 


LAND
SALE AGREEMENT


 


It
is on the 1st of August, 2019, this Agreement has been concluded by and between: -


 


FIRST
PARTY: SPECIALIZED INVESTMENT COMPOUNDS CO. PLC, Represented by Mr. Saed A1-Hyasat / Chairman & Mr. Eyad Adnan Alkharouf Address:
A1 Tajamouat Industrial City. P. O. Box 1 Amman 11636 Jordan Tel: 4027525 Fax: 4027535. Institution National No. 200022118.


 


SECOND
PARTY: Jersh Garment and Fashinne Manufacturing Company Ltd, Represented by Baiju Cellamma .Address: Industrial Building
“F” A1 Tajamouat Industrial City. P. O. Box: 22 Amman       Tel: 4026040 Fax4020639
Institution National No. 200058338.


 


Under
this Agreement, with all legal and actual guarantees, this Agreement has been made on the following terms and conditions:-


 


		1)	The
                                         first party (the seller) owns the Plot No. 1959 basin 3 Abu Suwaneh of Amman Lands located
                                         at A1 Tajamouat Industrial City, The total area of this plot is (12340) square meters



 


		2)	The
                                         second party (the buyer) is willing to buy the Plot No. 1959 basin 3 Abu Suwaneh of Amman
                                         Lands located at A1 Tajamouat Industrial City from the first party.



 


		3)	Both
                                         parties agree on the sale price is 70 Jordanian Dinars for each SQM, in which the value
                                         of the total plot area (863800) JD, payable as follow:-



 


		•	40%
                                         on the date of signing this agreement.



 


		•	60%
                                         on the date transferring the ownership.



 


		4)	The
                                         second party agrees that he has examined and seen the Plot No. 1959 basin 3 Abu Suwaneh
                                         of Amman Lands located at A1 Tajamouat Industrial City which is subject to this agreement,
                                         and shall be estimated to have completely and legally satisfied itself
                                         as to the condition thereof.



 




     


     


    




 


		5)	The second party agrees to continue
                                         the procedures of transferring the ownership and agrees to pay the rest of the agreed
                                         sale price within one month from the date of signing the agreement.



 


		6)	All fees and expenses incurred
                                         in the transfer of ownership of the plot shall be borne by the second party.



 


		7)	Arabic shall be the language
                                         that has the legal status and power to carry out the duties mentioned therein or to settle
                                         disputes in any judicial authority to which recourse shall be made.



 


		8)	All services, notices and correspondences
                                         sent to the addresses indicated herein, are considered true and effective on the two
                                         parties and each party should notify the other party directly with the new addresses
                                         in the event of changing the above addresses.



 


		9)	Every and each difference or
                                         dispute might be result from the interpretation, application or execution of any of this
                                         agreement articles, would be amicably solved between the two parties; otherwise, Amman
                                         Center Courts of Law “Palace of Justice” will have the jurisdiction to hear
                                         such difference or dispute and to determine the same according to the laws applicable
                                         in the Hashemite Kingdom of Jordan.



 


		10)	This agreement has been made
                                         from ten articles including this article, on two pages and two originals where each party
                                         has been handed one signed original.



 


	 	FIRST PARTY	SECOND PARTY