CTRP » Topics » Article 12 The Assignee agrees to carry out the following construction works along with all the others within the land parcel specified in the Contract and hand them over at no consideration to the government: to be executed as per the requirements of the

This excerpt taken from the CTRP 20-F filed Apr 29, 2008.

Article 12 The Assignee agrees to carry out the following construction works along with all the others within the land parcel specified in the Contract and hand them over at no consideration to the government: to be executed as per the requirements of the planning.

Article 13 The Assignee agrees that the construction work shall commence before September 30, 2008, and complete before March 30, 2011. Upon completion, the Assignee shall apply for an inspection on the completed work.

Application for a delay in construction shall be made 30 days in advance. The delay shall not exceed one year. Upon the consent of the Assignor, the deadline for project completion and date of inspection and delivery may be extended accordingly.

Article 14 All facilities in relation to water, gas, wastewater involved in the construction within the land parcel carried out by the Assignee as well as main pipelines, electric substation interface and led-in engineering work from outside of the land parcel shall be operated in accordance with relevant regulations.

The Assignee agrees to allow various pipelines built by the government for public utility purposes to lead in/out, pass through or across the land parcel. The Assignee agrees to ensure right of way for the neighboring land around the land parcel.



Article 15 Upon full payment of the land-use right assignment fee as agreed in the Contract, the Assignee, using the Contract and the receipt for the payment of assignment fee, shall apply to the Assignor for land registration and receive the Certificate for the Use of State-owned Land to obtain the use right of the assigned land.

The Assignor shall complete, in accordance with law, the registration process for the Assignee with regard to their land use right for assignment and issue the Certificate for the Use of State-owned Land to the Assignee within 30 days from the date of accepting the application for land registration.

Article 16 The Assignee must make proper and lawful use of land and may not conduct within the land parcel any activity that poses damage or destruction to the surrounding environment or facilities. The Assignee shall compensate for any loss caused by such activity to the State or others.

Article 17 Within the term of assignment, the Assignee must utilize the land as per the purposes and conditions of land use specified in the Contract. The following procedure must be followed in case of any alteration to the purposes and conditions for land use specified in the Contract: obtaining consent from the competent administration departments of urban planning and the Assignor; going through relevant procedures of approval in accordance with the law; signing the Agreement on the Modification to the Contract on the Assignment of the State-Owned Land Use Right or entering into a new contract thereof; adjusting the assignment fee accordingly; and completing the registration for the alteration to the purposes of land use.

Article 18 The government reserves the right of urban planning adjustment over the land parcel under the Contract. In case of any alteration made to the planning for the use of the original land, existing buildings in the land parcel will not be affected. Nevertheless, rebuilding, renovation or reconstruction of the buildings or attached objects within the term of use, or the application for a renewal of the contract upon expiration of the term must comply with the prevailing planning.

Article 19 The Assignor shall not recover the land use right that the Assignee acquired in accordance with the law before the expiration of the Contract term. Under special circumstances, the Assignor may, based on the requirements of social public interests, recover the right before the expiration of the term of use in compliance with the relevant legal procedures and shall offer corresponding compensation to the Assignee based on the value of the buildings and other attached objects within the land parcel at the time of the recovery, and the price of the land use right for the remaining term of use.

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