AMD 1995 Annual Report Download - page 179

assignment of the right to the use of the land shall not be refunded
and Party B shall pay to Party A damages for breach of contract
calculated at 8% of the total fee for the assignment of the right to
the use of the land.
Clause 38 In the event that Party B fails to commence construction for a period
of more than half a year commencing on the delivery of the land,
Party B shall pay to Party A a fee for the non-development of the
land. The standard of such fee shall be United States Dollar One and
Cents Fifty (US$1.50) per square metre for the first half a year to
the first year of such non-development and United States Dollars Two
and Cents Thirty (US$2.30) per square metre for the first year to the
second year of such non-development. In the event that Party B fails
to carry out development in accordance with the tract development
plan upon the delivery of land by Party A or for a continuous period
of 2 years tails to commence construction, Party A shall withdraw,
without providing compensation, all or any part of the right to the
use of the land in the Land Parcel.
Clause 39 In the event that Party B fails to carry out and complete
construction on the Land Parcel in accordance with the approved
development and construction plan and the stipulated time limit upon
the formal delivery of the land by Party A to Party B, Party B shall,
1 month before such time limit, submit an application supported by
sufficient reasons to Party A for extension of such time limit. Upon
the agreement of Party A, the time limit for construction stipulated
by this Contract may, in accordance with the circumstances, be
appropriately extended. In the event that Party A disagrees with such
extension or where Party B fails, within the stipulated time. To
submit to Party A the application for such extension and
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Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996