AMD 1995 Annual Report Download - page 144

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(2) Pursuant to the provisions of the Memorandum, the "Interim Regulations of
The People's Republic of China Concerning the Assignment and Transfer of
the Right to the Use of State-Owned Land in Urban Areas" hereinafter
referred to as "the Interim Regulations"), the Interim Measures for the
Administration of Foreign-Invested Development and Management of Tracts of
Land" (hereinafter referred to as "the Interim Measures"), the "Law of
The People's Republic of China on the Administration of Urban Real
Property" (hereinafter referred to as "the Administration Law"), and the
relevant national and local stipulations, Party A, AMD and Party B have
entered into friendly negotiations and have reached a mutual understanding
with regard to the transfer of the right to the use of the land situated in
the SIP containing an area of 59,090.21 square metres and more particularly
delineated and coloured red on the plan attached hereto as Annexure 1
(hereinafter referred to as "the Land Parcel") and Party A and Party B
hereby agree to enter into this Contract.
(3) At the request of AMD) and Party B, Party A hereby agrees to transfer to
Party B the right to the use of the Land Parcel in accordance with the
provisions of this Contract.
CHAPTER 1 GENERAL PRINCIPLES
1.1 Party A and the Land Administration Bureau of the Municipality of Suzhou,
the Province of Jiangsu (hereinafter referred to as "SLAB") have, in
accordance with the Interim Regulations, Interim Measures and the relevant
national and local stipulations, entered into a "Contract for the
Assignment of the Right to the Use of State-owned Land in the Suzhou
Industrial Park" (Contract Reference Number: Suzhou Industrial Park
Assignment No. 001; hereinafter referred to as "the Assignment Contract" as
the same may be amended modified or supplemented from time to time) and
SLAB has agreed to assign to Party A the right to the use of the land in
the SIP of an area of approximately 8,000,000 square metres (a copy of the
Assignment Contract is annexed hereto and marked as Annexure 2 of this
Contract) and Party A has obtained the land use certificate (a copy of
which is annexed hereto and marked as Annexure 3 of this Contract) for the
right to the use of 2,927,777 square metres of the said area of which the
Land Parcel forms part, and Party A is hereby permitted to transfer the
right to the use of the Land Parcel to Party B.
1.2 Party A shall sell and transfer to Party B for valuable consideration the
right to the use of the Land Parcel in accordance with the provisions of
this Contract.
1.3 Party B shall purchase with valuable consideration and accept the transfer
of the right to the use of the Land Parcel from Party A in accordance with
the provisions of this Contract.
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996