AMD 1995 Annual Report Download - page 145

3
CHAPTER 2 AREA, TENURE AND USE OF THE LAND PARCEL
2.1 The area of the Land Parcel is 59,090.21 square metres which said area has
been duly surveyed by the competent authority and accepted by Party A and
Party B as final and conclusive.
2.2 Party A shall use its best efforts in assisting Party B in its procurement
of the issue or a Certificate for the right to the use of the Land Parcel
hereinafter referred to as the "Title Documents") from the Suzhou
Industrial Park (Township) Administrative Committee hereinafter referred to
as "SIPAC") or the relevant authority of the SIP for a term of fifty (50)
years commencing from 1 January 1997 up to and including 31 December 2046
(hereinafter referred to as the "Tenure"). Notwithstanding the date of
commencement of the Tenure, Party B shall have the right to use the Land
Parcel during the period commencing from the date of issue of the Title
Documents and up to and including 31 December 1996.
2.3 The Assignment Contract shall form an integral part of this Contract and
Party B hereby agrees to be bound by the terms and conditions of the
Assignment Contract and to perform and observe all terms, conditions and
covenants therein on the part of Party A and/or the Land User (as defined
in the Assignment Contract) as limited herein and only so far as the same
relates to the Land Parcel unless Party A has otherwise agreed in writing
to assume such terms, conditions and covenants. Party B shall use the Land
Parcel only in accordance with the Assignment Contract and the land use
conditions (hereinafter referred to as "the Land Use Conditions") for the
Land Parcel formulated by SIPAC as described in Annexure 4.
2.4 Notwithstanding the provisions of Clause 2.3 above but subject to the other
provisions of this Contract, so long as Party B remains transferee of the
right to the use of the Land Parcel or any portion thereof, Party B
expressly does not assume any of the obligations set forth in the following
clauses of the Assignment Contract:
(a) Clause 8;
(b) Clause 9 except where the obligations relate to the Land
Parcel:
(c) Clause 11 except where the obligations relate to the matters set
out in Clause 4.4 hereof;
(d) Clause 13;
(e) Clause 14;
(f) Clause 17; and
(g) Clause 38 except where the obligations relate to the Land Use
Conditions.
2.5 Except for obligations relating to the Land Parcel, Party B does not assume
Party A's obligations under the Assignment Contract to develop other parts
of the SIP.
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996