Attached files
| file | filename |
|---|---|
| 8-K/A - CURRENT REPORT AMENDMENT - Go Silver Toprich, Inc. | f8k122011a1_sinogreen.htm |
| EX-99.2 - PRESS RELEASE DATED JANUARY 4, 2012 - Go Silver Toprich, Inc. | f8k122011a1ex99ii_sinogreen.htm |
Exhibit 99.1
Termination Agreement
Party A: Sino Green Land Corporation
Party B: Xueyan Lin
Party C: Well Best Group Limited
Party D: Zheng Feng Holdings Limited
Whereas,
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A.
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Party A signed the construction agreements with Party B, Party C and Party D in Jan 2011, which stipulated as follows:
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1.
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Party B got the leasing rights for the Metro Green buildings,
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2.
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Party A entrusted Party B, Party C and Party D to construct the buildings with expenses of RMB55,708,800,
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3.
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After Party A has paid the expenses, Party A got 18 years of using rights of the buildings.
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4.
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Party A had the right to make the payment by either cash or stocks.
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B.
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All parties have agreed that Party A could issue stocks to make the payment.
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Considering the bad stock market, all parties have reached the following agreement:
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1.
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Party B, Party C and Party D should return the company all stock they have within 3 days after signing this agreement.
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2.
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Party A will return the using right to Party B, Party C and Party D.
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3.
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Party A will compensate Party B, Party C and Party D within 2 years after signing this agreement, and will pay Party B, Party C and Party D 1/12 basic bank loan interest every month based on total construction expenses of RMB 55,708,800 yuan. Details are as follows:
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Basic interest rate is 6.56%, so Party A will pay Party B, Party C and Party D RMB116,015, 116,015 and 72,509, totaling RMB 304,541.44 on 10th of every month.
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4.
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Party A has no further obligations of paying the RMB 55,708,800 yuan.
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5.
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There are no further liabilities and obligations among all parties.
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6.
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All disputes would be settled by arbitration.
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SINO GREEN LAND CORPORATION
/s/ Xiong Luo
Xiong Luo
For and on behalf of
WELL BEST GROUP LIMITED
By: 
Authorized Signature(s)
For and on behalf of
ZHENG FENG HOLDINGS LIMITED
By: 
Authorized Signature(s)