AMD 1995 Annual Report Download - page 173

operated for business purposes shall only be transferrable upon
the approval of Party A.
Clause 19 A user of the land which obtains the right to the use of the land by
transfer (hereinafter referred to as "Land User") may, save and
except for stipulations in the law which provide otherwise, be a
company, enterprise, other economic organisation or individual within
or outside The People's Republic of China. In the event that the
price for the transfer of the right to the use of the land is
patently lower than the market price thereof, Party A shall have pre-
emptive right in the purchase of such land. A contract for the
transfer of the right to the use of the land shall be entered into
for such transfer and such contract shall not contravene the laws and
regulations of the State and the provisions of this Contract.
Clause 20 Party B shall, 10 days before the transfer of the right to the use of
the land, give notice to Party A of such transfer. The parties to the
transfer shall, within 15 days of the execution of the contract for
such transfer, forward to Party A the notarised original copies of
the contract for such transfer and the relevant annexes thereto,
complete the formalities in accordance with the stipulations for the
registration of the change in the right to the use of the land and
collect the certificate for the use of the land, and Party B shall,
in accordance with the relevant stipulations of the State, pay tax
for any appreciation in value of such land.
Clause 21 Upon the transfer of the right to the use of the land and the coming
into effect of the contract for such transfer, the rights, interests
and obligations which are set cut in this Contract and
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Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996