Common use of Work Fees Clause in Contracts

Work Fees. Sub-project Fees, corresponding Scaffolding Fees and corresponding Levies and Taxes (collectively “Work Fees”) (after deduction of the relevant fees) shall be paid by the following means: (1) where the Contractor lodges application for the work progress fees to the engineers and Guangdong Land Shenzhen at the monthly agreed time under the Agreement, upon review and confirmation of the application for the work progress fees by the engineers and Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees, which is 80% of the construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) in respect of the completed works (reviewed and confirmed by Guangdong Land Shenzhen) in that month after deduction of other deductible amounts; (2) if Guangdong Land Shenzhen confirms in writing that it is necessary to increase or decrease the construction price for on-site permit and change of works, payment or deduction shall be made to the 80% of the construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) (reviewed and confirmed by Guangdong Land Shenzhen) of the latest subsequent instalment of work progress fees; (3) upon completion of the works within the context under the Agreement (excluding linkage testing), Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 85% of the construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price for on-site permit and change of works, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts; and (4) within the context under the Agreement, upon eligible inspection of completion and successful transmission of all works, relocation of all equipment, machineries, materials and other articles of the Contractor from the worksite and receipt of the certificate of compliance for works completion and inspection under the seal of the engineers and Guangdong Land Shenzhen for approval and transmission of the complete completion information to Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 90% of the construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price for on-site permit and change of works, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts;

Work Fees. Sub-project Fees, corresponding Scaffolding Concrete Moulding and Framework Fees and corresponding the relevant Levies and Taxes (collectively “Work Fees”) (after deduction of the relevant fees) shall be paid by the following means: (1) where the Contractor lodges application for the work progress fees to the engineers and Guangdong Land Shenzhen at the monthly agreed time under the Agreement, upon the review and confirmation of the application for the work progress fees by the engineers and Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees, which is 80% of the construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) in respect of the completed works (reviewed and confirmed by Guangdong Land Shenzhen) in that month after deduction of other deductible amounts; (2) if Guangdong Land Shenzhen confirms in writing that it is necessary to increase or decrease adjust the construction price for on-site permit and change of works, payment or deduction shall be made to the 80% of the construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) (reviewed and confirmed by Guangdong Land Shenzhen) of the latest subsequent instalment of work progress fees; (3) upon completion of the works within the context under the Agreement (excluding linkage testing)removal of external wall scaffolding, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 85% of the accrued construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price Concrete Moulding and Framework Fees, for on-site permit and change of works, works and the corresponding Scaffolding Fees stipulated fees as well as corresponding Levies and Taxestax payables) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts; and; (4) within the context under of the Agreement, upon eligible completion inspection of works under level one is conducted and passed, the Contractor may apply to Guangdong Land Shenzhen for settlement in phases. After the review of the settlement amount in phases by Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay 85% of the settlement amount in phases confirmed by both the Contractor and Guangdong Land Shenzhen; and (5) within the context of the Agreement, upon completion inspection of all works is conducted and passed and successful transmission delivery of all works, relocation of all equipment, machineries, materials and other articles of the Contractor from the worksite and receipt of the certificate of compliance for works completion and inspection approved under the seal of the engineers and Guangdong Land Shenzhen for approval and transmission delivery of the complete completion information to Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 90% of the accrued construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price Concrete Moulding and Framework Fees, for on-site permit and change of works, works and the corresponding Scaffolding Fees stipulated fees as well as corresponding Levies and Taxestax payables) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts;

Work Fees. Sub-project Fees, corresponding Scaffolding Fees and corresponding Levies and Taxes (collectively “Work Fees”) (after deduction of the relevant fees) shall be paid by the following means: (1) where the Contractor lodges application for the work progress fees to the engineers and Guangdong Land Shenzhen at the monthly agreed time under the AgreementAgreements, upon review and confirmation of the application for the work progress fees by the engineers and Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees, which is 80% of the construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) in respect of the completed works (reviewed and confirmed by Guangdong Land Shenzhen) in that month after deduction of other deductible amounts; (2) if Guangdong Land Shenzhen confirms in writing that it is necessary to increase or decrease the construction price for on-site permit and change of works, payment or deduction shall be made to the 80% of the construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) (reviewed and confirmed by Guangdong Land Shenzhen) of the latest subsequent instalment of work progress fees; (3) upon completion of the works within for the context relevant Contractual Section under the Agreement Agreements (excluding linkage testing), Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 85% of the construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price for on-site permit and change of works, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts; and (4) within the context of relevant Contractual Section under the AgreementAgreements, upon eligible inspection of completion and successful transmission of all works, relocation of all equipment, machineries, materials and other articles of the Contractor from the worksite and receipt of the certificate of compliance for works completion and inspection under the seal of the engineers and Guangdong Land Shenzhen for approval and transmission of the complete completion information to Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 90% of the construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price for on-on- site permit and change of works, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts;

Work Fees. Sub-project Fees, corresponding Scaffolding Fees and corresponding Levies and Taxes (collectively “Work Fees”) (after deduction of the relevant fees) shall be paid by the following means: (1) where the Contractor respectively provides production scheduling orders (material purchase orders, etc.) of the basement and commercial shopping buildings (Contractual Section I) and the office tower (Contractual Section II), upon review and confirmation by Guangdong Land Shenzhen, Guangdong Land Shenzhen shall respectively pay 10% of the sum of Sub- project Fees, Measure Fees and Levies and Taxes (net of the payment for Safety Measure Fees and provisionally listed amounts (if any)) involved in the works for the relevant Contractual Sections under the Agreements; (2) where the Contractor lodges application for the work progress fees to the engineers and Guangdong Land Shenzhen at the monthly agreed time under the AgreementAgreements, upon review and confirmation of the application for the work progress fees by the engineers and Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees, which is 8070% of the sub-project construction price (inclusive representing the sum of Sub-project Feesthe value of the completed installation and the value of the arrived major materials), corresponding Scaffolding Fees as well as corresponding Levies and Taxes) Taxes in respect of the completed works (reviewed and confirmed by Guangdong Land Shenzhen) in that month after deduction of other deductible amounts; (23) if Guangdong Land Shenzhen confirms in writing that it is necessary to increase or decrease the construction price for on-site permit and change of works, payment or deduction shall be made to the 80% of the sub-project construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding and Levies and Taxes) (reviewed and confirmed by Guangdong Land Shenzhen) of the latest subsequent instalment of work progress fees; (3) upon completion of the works within the context under the Agreement (excluding linkage testing), Guangdong Land Shenzhen fees which shall pay to the Contractor the work progress fees be aggregated up to 8580% of the construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price for on-site permit and change of works, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amountsrelevant payment; and (4) within the context of relevant Contractual Section under the AgreementAgreements, upon eligible inspection of completion and successful transmission of all works, relocation of all equipment, machineries, materials and other articles of the Contractor from the worksite and receipt of the certificate of compliance for works completion and inspection under the seal of the engineers and Guangdong Land Shenzhen for approval and transmission of the complete completion information under the context of relevant Contractual Section to Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 90% of the construction price in respect of the aggregated completed works (total sum of Subsub-project Feesconstruction price, construction price for on-site onsite permit and change of works, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts;

Work Fees. Sub-project Fees, corresponding Scaffolding Concrete Moulding and Framework Fees and corresponding the relevant Levies and Taxes (collectively “Work Fees”) (after deduction of the relevant fees) shall be paid by the following means: (1) where the Contractor lodges application for the work progress fees to the engineers and Guangdong Land Shenzhen at the monthly agreed time under the AgreementAgreements, upon review and confirmation of the application for the work progress fees by the engineers and Guangdong Land ShenzhenShenzhen for confirmation, Guangdong Land Shenzhen shall pay the work progress fees to the Contractor the work progress fees, which is 80% of the construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) in respect of the completed works (reviewed and confirmed by Guangdong Land Shenzhen) in that month after deduction of other deductible amounts; (2) if Guangdong Land Shenzhen confirms in writing that it is necessary to increase or decrease adjust the construction price for on-site permit and change of works, payment or and deduction shall be made to the based on 80% of the construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) (reviewed and confirmed by Guangdong Land Shenzhen) in respect of the latest subsequent instalment of work progress fees; (3) upon after completion of the works within the context under the Agreement (excluding linkage testing)removal of external wall scaffolding, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 85% of the construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price Concrete Moulding and Framework Fees, for on-on- site permit and change of works, works and the corresponding Scaffolding Fees stipulated fees as well as corresponding Levies and Taxestax payables) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts; and (4) within the context under of the AgreementAgreements, upon eligible inspection of completion and successful transmission of all works, relocation of all equipment, machineries, materials and other articles of the Contractor from the worksite and receipt of the certificate of compliance for works completion and inspection under the seal of the engineers and Guangdong Land Shenzhen for approval and transmission of the complete completion information to Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 90% of the construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price Concrete Moulding and Framework Fees, for on-site permit and change of works, works and the corresponding Scaffolding Fees stipulated fees as well as corresponding Levies and Taxestax payables) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts;

Work Fees. Sub-project Fees, corresponding Scaffolding Fees and corresponding Levies and Taxes (collectively “Work Fees”) (after deduction of the relevant fees) shall be paid by the following means: (1) where the Contractor provides production scheduling orders (material purchase orders, etc.), upon review and confirmation by Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay 10% of the sum of Sub- project Fees, Measure Fees and Levies and Taxes (net of the payment for Safety Measure Fees and provisionally listed amounts) involved in the works under the Agreement; (2) where the Contractor lodges application for the work progress fees to the engineers and Guangdong Land Shenzhen at the monthly agreed time under the Agreement, upon review and confirmation of the application for the work progress fees by the engineers and Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees, which is 8070% of the sub-project construction price (inclusive representing the sum of Sub-project Feesthe value of the completed installation and the value of the arrived major materials), corresponding Scaffolding Fees as well as corresponding Levies and Taxes) Taxes in respect of the completed works (reviewed and confirmed by Guangdong Land Shenzhen) in that month after deduction of other deductible amounts; (23) if Guangdong Land Shenzhen confirms in writing that it is necessary to increase or decrease the construction price for on-site permit and change of works, payment or deduction shall be made to the 80% of the sub-project construction price (inclusive of Sub-project Fees, corresponding Scaffolding Fees as well as corresponding and Levies and Taxes) (reviewed and confirmed by Guangdong Land Shenzhen) of the latest subsequent instalment of work progress fees; (3) upon completion of the works within the context under the Agreement (excluding linkage testing), Guangdong Land Shenzhen fees which shall pay to the Contractor the work progress fees be aggregated up to 8580% of the construction price in respect of the aggregated completed works (total sum of Sub-project Fees, construction price for on-site permit and change of works, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amountsrelevant payment; and (4) within the context under of the Agreement, upon eligible inspection of completion and successful transmission of all works, relocation of all equipment, machineries, materials and other articles of the Contractor from the worksite and receipt of the certificate of compliance for works completion and inspection under the seal of the engineers and Guangdong Land Shenzhen for approval and transmission of the complete completion information to Guangdong Land Shenzhen, Guangdong Land Shenzhen shall pay to the Contractor the work progress fees up to 90% of the construction price in respect of the aggregated completed works (total sum of Subsub-project Feesconstruction price, construction price for on-site permit and change of works, corresponding Scaffolding Fees as well as corresponding Levies and Taxes) reviewed and confirmed by Guangdong Land Shenzhen after deduction of other deductible amounts;