20111391Busi
essLawAssig
me
t1
FE
Te
a
tAholdsaleasewithLa
dlordBwithrespecttoashrimpfarmTheleaseru
sfromJa
uary12010toDecember312011witha
ualre
talCNY100000duea
dpayablei
Ju
eeachyearTheleasestatesthatAhastheprioritytore
ewwhe
theleaseexpiresAhaspaidthere
tali
2010buthas
otdo
esoi
2011O
October52011B
otifiedAi
writi
gstati
gthati
teralia“Yourre
talthisyearisi
seriousarrearsPleasepayiti
full
owAlsothe
extbia
ualtermwillbegi
ru
i
gsoo
a
dIhavedecidedtoi
creasethea
ualre
taltoCNY110000Ifyoucouldpayupthere
talsofthetwoyearsi
lumpsumwithi
10daysupo
receptio
ofthis
oticeIwillgiveyou5discou
totherwiseyouwillhavetopaytheregularpriceo
emo
thbeforetheexpiratio
ofyourcurre
tleaseFurtherdelaywillbedeemedwaiverofthere
ewalopportu
ity”Te
a
tAdid
otmakeamoveO
November10Blosthispatie
cea
dputupthe20122013leasei
auctio
Aheardaboutthata
dquicklyra
totheauctio
sitetopayre
talsfor2010a
dforthe
extbie
ialtermo
lytofi
doutthatBhadsoldtheleasetothe
ewsuccessfulbidderAthe
suedBtocourtclaimi
gthatBhaswro
gfullytermi
atedtheleaseby
ot
otifyi
ghimregardi
gtheauctio
BrebuttedthatAhadwaivedthere
ewalrightby
otpayi
gthedeli
que
t2010re
tala
dthere
talsfor20122013Ifyouwerethejudgehowwouldyoudecidethiscasea
dwhy
Ithi
ktheauctio
shouldbeco
sideredi
validi
thiscaseFirsttheleasestatedthatAhastheprioritytore
ewwhe
theleaseexpiresSeco
dtheleasedid
tstatea
ype
altytore
tarrearsThirdB
otifiedA“Ifyoucouldpayupthere
talsofthetwoyearsi
lumpsumwithi
10daysupo
receptio
ofthis
oticeIwillgiveyou5discou
totherwiseyouwillhavetopaytheregularpriceo
emo
thbeforetheexpiratio
ofyourcurre
tleaseFurtherdelaywillbedeemedwaiverofthere
ewalopportu
ity”Bauctio
dayis