How to restore a gift agreement

Party A:

Party B:

After consensus, both parties have reached an agreement on the restoration of gifts as follows:

On October 25, 2006, Party A purchased a 154.03 square meter residence of No. 1-6-2, No. 4 Building, a certain residential area in a certain district of Dalian, developed by Dalian Shengdao Real Estate Development Co., Ltd. in the name of Party B. The first payment of 315,840 yuan, the mortgage loan to the bank, has repaid two loans to the bank, both of which are paid by Party A.

After the purchase of the house, Party A will give the property to Party B on the condition that Party B is responsible for the appointment of a certain company in Party A, and will be conditional on the condition of not fully due diligence. Although the two parties did not sign a gift agreement and did not apply for a notarization, the two parties confirmed the agreement of Party A with the condition that the gift can be restored.

Due to the conditional gift agreement promised by Party A, in the process of fulfilling the agreement, the conditions for the restoration of the gift can be fulfilled. After the agreement between the two parties, it is decided that Party A will restore the gift to Party B’s above-mentioned property. This recovery agreement shall come into force when signed by both parties. The property right of the property belongs to Party A, and the real estate ownership right is valid from the time of purchase. If Party B does not have any investment in the property, Party A shall take back the property rights and Party B shall unconditionally agree.

Since all purchase procedures and related files are kept by Party A from the date of purchase, Party A has the right to continue to repay the bank loan in the name of Party B. After the loan is settled, it shall register the property rights in the name of Party B and have the right to sell the property in the name of Party B. Party B shall provide the identity document unconditionally to cooperate with Party A in the above property disposal.

Party B shall issue a power of attorney to Party A, authorizing Party A to repay the bank loan, handle the property right registration and sell the property. At the same time, Party A shall provide Party B with the original ID card. After the property right registration and the sale of the property rights, Party A will return the Party ID card.

This Agreement is made in triplicate. Each Party A and Party B shall hold one copy and witness a lawyer.

person A person B:

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