in which on the one hand the partaker is the
Magyar Tenger Agricultural Co-operative of Zánka /8272 Szentantalfa, Sósi u. 50. Statistic serial number: 100749360130 12419, representative: Dr Ferenc Cseh, president/
as d i s p o s e r, and on the other hand

Name of the firm: Bokorliget Foundation
Residence: 1163 Budapest, Galgahévíz u. 48.
Representatives: György Bisztrai and István Kaszap

as e m p t o r. This contract of purchase and sale has been concluded between them with the following conditions:

1. The disposer sells its inner territory situated in Szentantalfa village, registered under the topographical lot number: 382. This real estate, specified as outbuilding and yard, of 600m˛ is sold to the emptor, who buys it in the ratio of one to one.

2. The purchase price is:
The purchase price of the territory 500.000 HUF
The purchase price of the building 2.000.000 HUF
The Tax (VAT) after the building 500.000 HUF

The total purchase price is: 3.000.000 HUF say three million
Hungarian Forints

The emptor pays 1.500.000 HUF of the purchase price at the time of signing the agreement on a separate cash voucher. The emptor herewith undertakes itself to pay the remainder 1.500.000 HUF arreras till the deadline of payment, which is 15 December, 1995.

3. The emptor declares that it became registered by the Budapest Capital Court at 18 January, 1995 under the number 5311/1995. Its Tax number is 18068715-2-01. Its executive body gave permission to the purchase. The emptor is entitled to obtain the proprietary right of the estate.

4. The stamp duty of the estate purchase is taken over by the emptor.

5. The emptor buys the real estate after having seen it, and the emptor takes possesion of the estate simultaneously with signing the agreement, it bears the property’s burdens and enjoys its gains from this time onward.

6. The disposer guarantees that the real estate’ proprietary right will be registrable to the real estate record office with proof against quarrel, charge and claim.
The disposer declares, that it has the authority to sell the real estate according to the general assembly decision, number 31/1992.

7. The disposer contributes on a separate law-declaration to the registration of the transfer of the property’s ownership to the name of the emptor, when the emptor pays out the whole purchase price - and its incidental charges - completely.

8. In case the emptor does not pay the purchase price arrears to the disposer till the deadline mentioned in point 2 the emptor is bound to pay interest on overdue payments after the ammount of the arrears. The emptor is bound to pay 28% yearly interest default till the day of discharge.

9. Otherwise the Code of Civil Procedure is valid to the contract.

10. The partakers of the purchase declare that in case of legal dispute on the contract of purchase, the City Court of Veszprém is the only competent body to appeal to and they submit themselves to its decisions.

11. The contracting parties sign the contract of purchase before the following vitnesses which fulfills all their wills.

4 November, 1995 Szentantalfa

disposer emptor
Magyar Tenger Agricultural Co-operative Bokorliget Foundation
8251 Zánka 1163 Budapest, Galgahévíz u. 48.

Witnesses:

1. Jenõ Garajszki, 2365 Inárcs, Somogyi B. u. 38
2. Csaba Garajszki, 2365 Inárcs, Somogyi B. u. 38

This document was edited and countersigned by
Dr Sándor Látó (lawyer)
8200 Veszprém, Ady E. u. 77/D II/5

Magyar Tenger Agricultural Co-operative
Zánka

Extracts of report

Edited from the report of the general assembly of 9 December, 1992.

Number 31/1992 decision:
The general assembly accepted the purchase of the real estates unanimously. The Board of Directors is commissioned to arrange the purchases.
The real estate in Szentantalfa, specified as outbuilding and yard, of 600m˛, topographical lot number: 382.
Deadline: no limit
Responsibility: Dr Ferenc Cseh, president
Dr Sándor Látó, lawyer
Zoltán Horváth, land organiser

Recording secretary: Sándorné Jelinek
Record confirmers: Attila Csabai
Illés Dobosi

The chairman of the general assembly: Ferenc Péringer

Declaration

According to the 7th point of the contract of purchase arranged between the Magyar Tenger Agricultural Co-operative of Zánka (8272 Szentantalfa, Sósi u. 50.) as disposer, and the Bokorliget Foundation (1163 Budapest, Galgahévíz u. 48.) as emptor, the disposer makes the following declaration:

The emptor has paid the total purchase price. The disposer, without any further conditions, contibutes to the transfer of the property’s ownership to the name of the emptor in the registration of the Land Registry, thus the property (mentioned in the 1st point of the contract of purchase) is owned by the emptor in the ratio of one to one.

19 December, 1995 Szentantalfa

Dr Ferenc Cseh, president
representative of the disposer