TNAG-2319-FCO40-3363-Petitions-from-members-of-the-public-regarding-Hong-Kong-1991 — Page 151

THIS AGREEMENT made the 26TH day of

AUG. One thousand

nine hundred and eihty-eight between LAU YAM HEI (

of No.78 Pak Shek Wo, Clear Water Bay Road, Sai Kung, New

Territories, Hong Kong ("the Vendor") of the one part and

COMMANDARY INVESTMENT LIMITED (優秀投资有限公司)

whose registered office is situate at Room 502-6, Wing On

Life Building, 22 Des Voeux Road Central, Hong Kong ("the

Purchaser") of the other part.

WHEREAS

(1)

(2)

The Vendor is the sole surviving administrator of the

estate of LAU KOON YEUNG, deceased.

The said deceased was the registered owner of All That

piece or parcel of ground registered in the District

Land Office Sai Kung as Lot No.1487B in Demarcation

District No.221 ("the said Lot").

(3)

The said Lot has after the death of the said deceased been

resumed by the Government. No compensation has been paid

(4)

to the Vendor or the estate of the said deceased.

The Purchaser is desirous of purchase the entitlement

of compensation from the Vendor in manner hereinafter

appearing.

NOW IT IS AGREED as follows

The Vendor shall authorise the Purchaser to apply to the

Government for compensation in the form of either :-

(a)

another piece of land, or

(b) Letter B entitlement.

· 1