Agreement on entrusting investment promotion
Party A: Lao That Luang Investment & Development Co.,Ltd.
Legal representative: Huang Guoping
Address:
Party: B Thailand Saveway Trading Co., Ltd.
Legal representative: PUANGSRITHIT ISARYAPHORN
Address: 343 T.NONG KHOM KHO A.MUANG MOO11, NONGKHAI 43000
In order to respond to the policies of reform and opening and construction of Special Economic Zone promulgated by Lao Party and government, to promote the fine cultural traditions of Laos, absorbing the domestic and foreign investors, to attract visitors of the world to travel, vacation, business and shopping, facilitate the Lao people to enjoy the good and service from Thailand and other countries all of the world in That Luang Lake specific economic zone, to build That Luang Lake specific economic zone into a modern, safety tourist city, to promote economic development in Laos. Now taking advantage of favorable condition of Thailand’s proximity to Laos, play the advantages of both sides, by consensus, reached the following agreement:
Article 1. Responsibilities and obligations Party A
1. To provide the information about investment environment, the basic situation and preferential policies etc. of That Luang Lake specific economic zone to Party B, and ensure the authenticity of the date.
2. To attract the Thailand merchants recommended by Party B and introduce the relevant circumstances of That Luang Lake specific economic zone.
Article 2. Responsibilities and obligations Party B
1. To assist Party A to propaganda That Luang Lake Economic Zone and its investment incentives in Thailand, and recommend the suitable merchants to Party A, and do a good job in communication and coordination between Party A and Thailand merchants.
2. To organize the merchants to visit That Luang Lake Economic Zone, and assist the Party A to negotiate with the merchants.
Article 3. Annex
1. Both sides must comply with the laws of the Lao state, respect for the cultural traditions of Laos.
2. This agreement is valid for one year from the date of signing.
3. This agreement come in following Language Version: English and Chinese, and it is in duplicate, each party shall hold one copy, Each copy has the same effect.
Party A: Lao That Luang Investment & Development Co.,Ltd.
The legal representative (signature):
Party B: Thailand Saveway Trading Co.,Ltd.
The legal representative (signature):
Sign time: September 18, 2015
Signed at Vientiane