AMD 1995 Annual Report Download - page 146

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2.6 Except for air and underground easements on the Land Parcel imposed by the
relevant government agencies pursuant to legal procedures, any new
obligations to be imposed on Party B and the Land Parcel pursuant to an
annexure to the Assignment Contract shall, in order to be enforceable by
Party A against Party B or the Land Parcel, require the prior written
consent of Party B.
2.7 Party B shall use the Land Parcel for industrial purpose only. If Party B
wishes to change the use of the Land Parcel during the Tenure, Party B
shall obtain the prior approval of the planning and construction bureau and
land administration bureau of SIP, and shall complete the formalities for
examination and approval in accordance with the relevant stipulations.
2.8 Party B shall at its own cost and expense apply for the permits required
for inter alia, the investment, development and construction of the Land
Parcel. Prior to the signing of this Contract, Party B shall first submit
to Party A for its approval and endorsement and then to SIPAC building
plans and specifications and the construction schedule of the buildings
proposed to be erected on the Land Parcel. Party A hereby agrees that its
aforesaid approval will not be unreasonably withheld.
CHAPTER 3 LAND PRICE AND METHOD OF PAYMENT
3.1 Party A and Party B hereby agree that the purchase price for the right to
the use of the Land Parcel shall be United States Dollars Two Million Eight
Hundred Thirty Six Thousand Three Hundred and Thirty (US$2,836,330)
(hereinafter referred to as "the Land Price").
3.2 Party B shall pay the Land Price to Party A at the times and in the manner
set out in the annexure hereto and marked as Annexure 5 of this Contract
and accordingly shall within seven (7) days from the signing of this
Contract pay a sum equal to 25% of the Land Price to Party A and procure
and deliver to Party A a guarantee given by AMD for securing payment to
Party A of the instalments for the Land Price together with penalty
payable thereon, such guarantee to be in the form annexed hereto and marked
as Annexure 6 of this Contract.
3.3 If Party B delays in paying any of the installments referred to in Annexure
5 of this Contract, penalty on any such unpaid instalment(s) shall commence
to be payable on the day after the due date of such instalment and shall
continue to be payable by Party B until:
(a) such time as the unpaid instalment is paid; or
(b) the date of issue of the notice to terminate this Contract given by
Party A pursuant to Clause 3.5.1(a)(i) or Clause 3.6(a).
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996