LAND SALE AND PURCHASE AGREEMENTDat

LAND SALE AND PURCHASE AGREEMENT
Date March 12, 2014
This Land Sale and Purchase Agreement is made at 36/3 Moo 7, Nawamin Road, Klongkum Sub-district, Bungkum District, Bangkok Thailand, by and between:
• MR.GRAHAM MARQUIS GREENE, a U.S. citizen holding Passport Book no. 213003680, North Carolina, United States of America, hereinafter called “the Purchaser” of the one part
AND
• MRS. WANWISA INKRIN, a holder of National ID Card no. 3600700048374, residing at 71 Moo 1, Tessaban Pattana 2 road, Chong Khae, Ta Klee, Nakhonsawan province, hereinafter called “the Seller” of the other part
NOW AND THEREFORE the Parties hereby agree as follows:
Article 1 Purchased Land
The Seller is a legitimate holder of an ownership of 1 plot of land located as being indicated in the Land Title Deed no. 29514, Land reference no. 316, Survey Page 18930, at Yannawa (Baan-Tawai), Yannawa (Bangrak), Bangkok, having an approximate area of 15 Square Wah, hereinafter called “Purchased Land”, details as appeared in a copy the Land Title Deed attached hereto.
Article 2 Purchase Price
The Seller agrees to sell and the Purchaser agrees to purchase the Purchased Land specified in Article 1 at the total purchase price of 4,300,000 Baht (four million and three hundred thousand Baht).
Article 3 Payment Term
On the date of execution of this Agreement, the Seller has already received full payment of the Purchase Price at 4,300,000 Baht (four million and three hundred thousand Baht) from the Purchaser.
Article 4 Registration for Transfer of Ownership
The Seller agrees to effect the proper registration for transfer of ownership of the Purchased Land at Bangkok Land Office in accordance with an instruction of the Purchaser. The date for registration for transfer of ownership shall be the date determined and indicated by the Purchaser after the date of this Agreement. The Purchaser shall be solely responsible for any registration fee and stamp duty incurred in connection with the transfer of ownership of the Purchased Land.
Article 5 Signing Date
The parties agree that on the date of the registration for transfer of ownership, the Seller shall allow the Purchaser to determine and indicate any person or legal entity as the recipient of ownership of the Purchased Land under this Agreement.
If at any time in the further the Thai law in connection with ownership of land has been amended to entitle a foreigner to be a legitimate holder of ownership of land in Thailand, the Seller agrees to immediately transact the registration for transfer of ownership of the Purchased Land to the Purchaser.
Article 6 Representations and Obligations of the Parties
6.1 The Seller represents that he is the sole legal and beneficial owner of the Purchased Land which is free and clear from disruption or any infringement of rights attached thereto.
6.2 The Sellers represents that the Purchased Land is free from all and any obligations or encumbrances to be claimed by third party, on or after the date of execution of this Agreement until ownership of the Purchased Land has been transferred to the Purchaser.
6.3 The Seller undertakes not to sell or transfer the Purchased Land to any third party, nor to in any manner arrange to put the Purchased Land as a security under loan or mortgage during the period the ownership of land has not been transferred to the Purchaser.
Article 7 Other Agreements
7.1 In case of demise of the Purchaser or an adjudication of disappearance is made against him prior to the transfer of ownership, the Seller shall agree to substitution and subrogation of all rights and contractual obligations established herein to the heir(s) of the Purchaser in all manners.
7.2 In case of demise of the Seller or an adjudication of disappearance is made against him prior to the transfer of ownership, the Seller assures that it shall not affect all rights and contractual obligations established herein to the heir(s) of the Purchaser in all manners.
7.3 If the Seller fails to register the transfer of ownership within the stipulated time from the Purchaser or in the event that the Purchaser is in no way to construct building or structure on the Purchased Land as a consequence of the Seller’s responsibility, the Seller shall be deemed in default. The Purchaser has the right to file the case against the Seller to enforce on the registration of the transfer or take any action in order to achieve the purpose of this Agreement immediately. The Purchaser shall also be entitled to demand for repayment of the Purchas Price and to claim for the damages from the Seller in the full amount.
7.4 Each contractual term of this Agreement is independent from each other. If any clause or Article is invalid or unenforceable by law, the others still remain in full effect and are enforceable hereafter.

This three pages Agreement is made in duplicate having identical contents. The parties, having thoroughly read and understood the content hereof, have hereunto signed their signatures in the presence of witnesses. Each party shall retain a copy of this Agreement.

Sign Purchaser Sign Seller
MR.GRAHAM MARQUIS GREENE MRS. WANWISA INKRIN


Sign Witness Sign Witness
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