Exhibit 10.34
(Summary Translation)
REAL PROPERTY PURCHASE CONTRACT
This CONTRACT is entered into as of this 15th of May 2006 by and between Jiangxi
Liouxin Industry Co., Ltd., as seller (hereinafter referred to as "Party A")
and Jiangxi LDK Solar Hi-Tech Co., Ltd., as purchaser (hereinafter referred to
as "Party B") in connection with the transfer of land use rights and
improvements thereon as specified herein based on the principles of equality,
voluntariness and mutual consent and in accordance with the Contract Law of the
People's Republic of China, the Law of the People's Republic of China on
Administration of Urban Real Estate and other relevant rules and regulations.
Subject to the terms and conditions set forth herein, the parties agree as
follows:
1. Party B agrees to purchase from Party A land use rights to certain parcels of
land and improvements thereon to be used as manufacturing plants, which are
located at Jiangxi Province Xinyu Hi-Tech Industrial Park and have a gross floor
area of 19,281.47 square meters with such land area, each as notated on the Land
and Building Property Right Certificates No. 50202777, No. 50206141 and No.
5026143 (hereinafter referred to as the "Property").
2. Both parties agree that the purchase price, as determined on the basis of the
valuation of the Property at the time of such valuation as agreed by both
parties, shall be Rmb 841.0302 per square meter and Rmb 16,216,300.00 in total.
3. As of the date hereof, Party B has fully paid the total purchase price set
forth in this Contract.
4. As Party B has been using the Property since April 1, 2006 and Party A has
paid certain related water and electricity expenses incurred, both parties
acknowledge that, except for Party A to complete title transfer with respect to
the Property to Party B, Party A has fulfilled its obligation to deliver its
possession of the Property to Party B under this Contract; provided, however,
that Party B shall, within seven business days from the date hereof, pay,
reimburse or otherwise settle all the relevant water and electricity expenses
incurred by Party A on behalf of, or payable by, Party B during its possession
of the Property.
5. Both parties shall abide by the relevant PRC property rules and policies and
shall pay all the taxes and charges associated with the transfer of title and
ownership of the Property. Based on negotiations between the parties, Party B
shall be responsible for the payment of any property transfer tax and charges,
agent commissions and title transfer handling fees.
6. Should Party A fail to perform this Contract, Party A shall inform Party B in
writing. Party A shall refund Party B within seven business days all of the
purchase price Party B has paid and pay interest damages to Party B as
calculated on the basis of bank saving deposit interest rate then in effect.
7. This Contract is made in five original copies. Each party shall keep two
copies hereof and one copy shall be deposited with the Xinyu City Real Property
Trading Center.
8. The parties shall resolve all disputes arising from or in connection with
this Contract through negotiation or consultation. In the event that the parties
cannot reach an agreement to resolve such a dispute or enter into a written
arbitration agreement, either party may submit the case to the local people's
court having jurisdiction over the matter.
9. The parties may enter into supplemental agreements to deal with matters not
explicitly provided herein. Any such supplement shall come into effect upon
execution by the parties.
Party A: Jiangxi Liouxin Industry Co., Ltd. (sealed)
Party B: Jiangxi LDK Solar Hi-Tech Co., Ltd. (sealed)
