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SOHU » Topics » Article 6 Payment Term

This excerpt taken from the SOHU 10-Q filed May 8, 2007.

Article 6 Payment Term

The Seller and the Buyer agree that the payment of the house shall be calculated as follows:     2    

 

1. The payment is calculated on the basis of the saleable area. The unit price is     ×     per square meter, total price     ×    .

 

2. The payment is calculated on the basis of the floor area. The unit price is RMB XXXXXX, total price RMB XXXXXXXXXXXXXXXXXXX.

 

3. The payment is calculated on the basis of the saleable unit. The total price is RMB     ×    .

 

4. The payment is calculated on the basis of     ×    . The total price is RMB     ×    .

Detailed calculation is set out in Exhibit 4.

The floor area referred to herein means the vertical projection area of the floors above the outside walls (columns) of the house, including balcony(ies), hallway, basement and outside stairs, provided that such area shall be the permanent construction that has a roof, a sound structure and the height between floors over 2.2 meters.

The saleable area referred to herein means the aggregate area of the saleable area of the house unit, the walls and the balcony (ies).

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