THE AGREEMENT OF REFUNDMENT
Dated 20/OCT/2014 PARTY A: HONGYING(TIANJIN) INTERNATIONAL TRADING CO.,LTD(for short as ‘Party A’)
PARTY B: DIMER DIYARBAKIR MERMER INSAAT SAN.VE,TIC.A.S.(for short as ‘Party B’)
PARTY C: HOLOCENCE GROUP CO.,LTD(for short as ‘Party C’)
WHEREAS
PARTY A HAS PAY PARTY B INVESTMENT FUND IN THE YEAR OF 2010 AND 2011, THE DETAILS ARE AS FOLLOWS:
DATE REMITTER BENEFICIARY AMOUNT
08/DEC/2010 HONGYING(TIANJIN) DIMER DIYARBAKIR USD149,000.00 23/DEC/2010 HONGYING(TIANJIN) DIMER DIYARBAKIR USD146,000.00 19/JAN/2011 HONGYING(TIANJIN) DIMER DIYARBAKIR USD120,000.00
TOTAL USD415,000.00 BECAUSE OF THE REGIONAL RESTRICTION AND OTHER REALITY PROBLEMS , ‘Party A’AND ‘Party B’HA VE NO FURTHER COOPERATION.
NOW IT IS HEREBY AGREED AS FOLLOWS:
1, AS COMPENSATION, ‘Party B’IS WILLING TO RETURN‘Party A’THE TOTAL AMOUNT OF USD 421037.49 (SAY USD DOLLARS FOUR HUNDRED AND TWENTY ONE THOUSAND AND THIRTY SEVEN AND 49 CENTS ONLY) ;
2, WHEREAS ‘Party B’IS WILLING TO TRANSFER THR PAYMENT OBLIGATION TO ‘Party C’;
3, WHEREAS‘Party C’HEREBY COVENANTS AND AGREES TO REPAY THE DISBURSEMENT AS THE METHOD DESIGNATED BY‘Party B’;
4, WHEREAS ‘Party A’IS WILLING TO RECOGNIZE THE TRANSFER AND ACCEPT‘Party C’AS THE OBLIGOR ;
COUNTERPART
THIS AGREEMENT WILL HA VE THREE ORIGINAL COPIES,EACH OF WHICH
HAS SAME LEGAL BINDING EFFECT.
SIGNED AND STAMPED BY )