国有土地出让协议英文版.docx

国有土地出让协议英文版.docx

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国有土地出让协议英文版

SerialNo.3201112010CR0018

ElectronicAdministrationNo.3201112008B00057

ContractforState-OwnedConstructionLandUseRightAssignment

Formulatedby:

TheMinistryofLandandResourcesofthePeople’sRepublicofChinaandTheStateAdministrationforIndustryandCommerceofthePeople’sRepublicofChina

ContractforState-OwnedConstructionLandUseRightAssignment

ThepartiestothisContract:

Assignor:

NanjingLandandResourcesBureau,PukouBranch

MailingAddress:

16WendeRoad,Jiangpuneighborhood,Pukoudistrict

PostalCode:

/

Tel:

/

Fax:

/

NameofOpeningBank:

/

AccountNo.:

/

Assignee:

NanjingRoyalDockHorseRacingCo.,Ltd

MailingAddress:

/

PostalCode:

/

Tel:

/

Fax:

/

NameofOpeningBank:

/

AccountNo.:

/

ContractforState-OwnedConstructionLandUseRightAssignment

ChapterIGeneralProvisions

Article1.TheConcernedPartiestothePresentContract:

Assignor:

NanjingLandandResourcesBureau,PukouBranch

Assignee:

NanjingRoyalDockHorseRacingCo.,Ltd

InaccordancewithsuchlawsastheLawofLandAdministrationofthePeople’sRepublicofChina,theLawofthePeople’sRepublicofChinaonAdministrationoftheUrbanRealEstates,theContractLawofthePeople’sRepublicofChinaandrelevantadministrativeregulationsandlandsupplypolicies,thetwopartiesherebyenterintothepresentcontractonthebasisoftheprinciplesofequality,voluntariness,compensation,honestyandcredibility.

Article2.TheAssignorherebyassignthelanduserighttotheAssigneeinaccordancetheauthoritybylaws,notwithstandingtheownershipoftheassignedlandbelongstothePeoples’RepublicofChina.ThestateshallbeentitledtoexerciseitsjurisdictionandadministrationoverthelandauthorizedbytheconstitutionandlawandanyotherpowerwhichshallbeexercisedbythestateaccordingtothelegalregulationofPRC,andalsoenjoyanyrightsandinterestsnecessaryforthepublicbenefits.Theresourcesandobjectsburiedthereunderandmunicipalpublicfacilitiesshallnotfallintothescopeoflanduserightassignment.

ChapterIIDeliveryoftheAssignedLandandPaymentoftheAssignmentCharge

Article3.Theassignedlandislocatedingroup2,Yuaqivillage,Yongningtown,Pukoudistrict,withanareaeasttozhujiashunriverbank,westtothe104thnationalhighway,andnorthtowoodsofItalianpoplars,southtowoodsofItalianpoplars;theplotserialnumberthereofisNo.2008G38.Thetotallanduseareais72,398squaremeters,theplanninglandareaforpublicauxiliaryfacilitiesis4047.2squaremeters,andthepracticalassignedareais68350.8squaremeters.ThemetesandboundsandtheboundarymarksaspertheLandSurveyanddelimitationIllustration.

Article4.Theusingpurposefortheassignedlandis:

hotelindustryland.

Article5.AftertheAssigneepayofftheentirepriceamountaccordingtoarticle9ofthepresentcontract,theAssignorisresponsiveforhandingoveronMay1stof2009totheAssigneethepracticalassignedlandintheshapeofpureland,namelyhousesandconstructionshallberemovedtothefloorinthescopeofthelandparcel,withotherobjectskeepingunchanged,andtheelectricwiresandpolesshallberemovedbytheAssigneeitself.Externalconditions（road,water,electricity,gas）shallbemaintainedasthecurrentsituation.ThequestionofentranceroadofthesaidlandparcelshallbesolvedbytheAssignee.

Theancientorprecioustreesshallberemainedastheassignmentcondition,asforothertreestheAssigneeshallcarryoutrelevantprocedureaccordingtonationalregulations.

Article6.Theassignedlandusetermis40years,effectivefromthehandoveroflandbytheAssignortotheAssignee.

Article7.ThetotallandknockdownchargeisRMB30,000,000Yuan（sayRMBthirtymillionYuan）.

Theabovesaidcompetingpurchasepriceincludescompensationandresettlementfeesofexpropriation,compensationforremovalofauxiliaryobjectsandgovernmentlandownershipearnings,notincludingtheremovalexpenseofsuchfacilitiesaselectricwiresandpolesandothertaxes.

Article8.Beforethesignatureofthepresentcontract,theAssigneeshallpayofftheentirepriceamounttotalingRMB30,000,000Yuan（sayRMBthirtymillionYuan）.Withinwhich15%ofthetotalamountequaltoRMB4,500,000（sayRMBfourpointfivemillionYuan）shallberegardedasdepositoftheperformanceofthecontract.Thedepositshallbealsocountedinthelandpriceamount.

Article9.TheAssigneeagreestopayofftheremainderofthelandpriceamountaccordingtothesubarticle2ofthepresentarticle.

（1）Payingoffthelandpriceamountinalumpsumwithin/daysafterthesignatureofthecontract.

（2）Payingthelandpriceamountin3installmentsaccordingtothetimeandamountspecifiedhereunder:

Thefirstphase:

30%ofthepriceamount,namelyRMB9,000,000Yuan（sayRMBninemillionYuan）,atthetimeofpayment:

Nov25thof2008.

Thesecondphase:

40%ofthepriceamount,namelyRMB12,000,000Yuan（sayRMBtwelvemillionYuan）,atthetimeofpayment:

Dec26thof2008.

Thethirdphase:

40%ofthepriceamount,namelyRMB12,000,000Yuan（sayRMBtwelvemillionYuan）,atthetimeofpayment:

Sep20thof2008.

ChapterIIIDevelopmentandUtilizationoftheLand

Article10.Thedevelopmentinthescopeoftheassignedlandshallbeimplementedinconformitywiththeconditionshereunder.

Thenatureoflandplanning:

landfortheuseofhotelindustry

Thefloorarearatio（FAR）:

≤0.7

BuildingDensity:

≤25%

GreenAreaRatio:

50%

BuildingHeightLimitation:

≤15meters

DetailsofconstructionrequirementsasperMainPointsofPlanningDesign

Otherrequirementsforthelanduse:

theConsigneeshalldevelopandconstructwithrespecttorelevantregulationsofthenation.

Article11.TheAssigneeagreesthattheconstructionprojectsontheassignedlandunderthiscontractshallcommencepriortoSep1stof2009.

Incasethecommencementofconstructionneedstobedeferred,theAssigneeshallsubmittheapplicationfordeferraltotheAssignor30daysinadvance.AfterthedeferralofcommencementisapprovedbytheAssignor,thetimeofcompletionshallbedeferredaccordingly.ButthedeferralshallnotexceedoneyearifthedeferralisowingtotheAssignee.

Article12.TheAssigneeshallberesponsiveforcompletingallconstructionprojectspriortoSep1stof2011andfulfillthecompletioninspectioncondition,incasetheconstructioncannotbecompletedinduetime,theAssigneeshallsubmitanapplicationforcompletionextensiontotheAssignor30daysinadvance.ButtheextensionshallnotexceedoneyearifthedeferralisowingtotheAssignee.Ifthereisadeferralofconstructioncommencement,thecompletiontimeofconstructionshallbecorrespondentlyextended.

Article13.Duringtheconstructionontheassignedlandunderthiscontract,wherewatersupply,gassupply,powersupplies,sewagedisposal,andotherfacilitiesneedtobeconnectedwiththemainpipelines,interfaceofelectricsubstationandinletprojectoutsidetheassignedland,theAssigneeagreestohandlethesematterswithrespecttorelevantrules.

TheAssigneeagreestheentering,passingandcrossingofanykindofpipelineslaidbythegovernmentforpublicpurposesinthelandparcel.TheAssigneealsoagreestoguaranteethewayleaveofadjoiningarea.

Article14.TheAssigneeshallapplytotheAssigneeaccordingtoregulationsforlandregistryin30daysafteracquisitionofthelandwithsuchmaterialsasthepresentcontract,receiptconfirmationoflandandpaymentcertificateoflandknockdownpriceamount.

Article15.TheAssigneeshallmakereasonableuseofthelandaccordingtolaw,anyactivitiesconductedintheassignedlandparcelshallnotdamageorruinthesurroundingenvironmentorfacilities,andtheAssigneeshallberesponsiveforrestitutionofanylossestothecountryorathirdpartythereby.

Article16.TheAssigneeshallutilizethelandaccordingtothiscontractinthetermofassignment.Anyalterationofland-usepurposeandplotratioisprohibited.IncasetheAssigneeneedstoalterthelandusepurposeoritsutilizationcondition,itshallcarryoutrelevantapprovalprocedure,andacquirethepermitoftheAssignorwhichwillsignasupplementaryagreementoflanduserightassignmentcontractorsignanewlanduserightassignmentcontract.Inthatcase,thelandknockdownpriceamountneedstoberenewedcorrespondently,andlandalternationregistryshallbecarriedout.

Within30daysaftercompletionofproject,theAssigneeshallapplytotheAssignorforreviewandinspectionoftheconstructionland,theAssignorwillsurveyandexamthecommencementtime,completiondate,conditionoflanddevelopmentandutilizationaccordingtostipulationsofthepresentcontract.Iftheinspectionresultiseligible,thecertificaterenewalprocedureofstate-ownedlanduserightwillbehandled.Incasetheinspectionresultisnoteligible,thestate-ownedlanduserightcertificateshallonlybeonlyrenewedaftertheconsummationofrelevantprocessaccordingtoregulations.

Article17.Withintheusetermoftheassignedlandunderthiscontract,thegovernmentreservesitsrighttoadjusttheplanningoftheassignedlandunderthiscontract.Incasetheoriginalplanningneedstobemodified,itshallnotaffecttheexistingbuildingsontheassignedlandparcel.Butinthecaseoftransformation,renovationandrebuildingofthebuildings,fixturesandtheiraffiliatedfacilitiesontheassignedlandwithinitsuseterm,orwhenapplyingforrenewalofthecontractatexpirationofuseterm,theeffectiveplanningatthattimeshallb