Contract
Summary of Contract for
Assignment of Shenzhen Land Use Right Entered into by and between Shenzhen
Municipal Bureau of Land Resources and Housing Management (“Party A”) and
Shenzhen BAK Battery Co., Ltd (“Party B”) on June 29th, 2007
Main
Terms:
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On
the signing date of this agreement, Party A assigns the land use right of
the land no. G15322-0058) with an area of 38,847.35 square meters to Party
B, and Party B has no objection to the current status of the land. It
deems that the Party A has delivered the land to Party B since the signing
date of the agreement.
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The
term for the land use right is 50 years, from June 29th,
2007 to June 28th,
2057;
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The
ownership of the land is People’s Republic of China. Both natural resource
and treasure trove under the ground are out of the range of the remised
right to the use of land.
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The
regulation for land usage:
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Coverage
ratio (Construction density): ≤45%;
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Plot
ratio (construction area density): ≤1.20;
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Total
construction area should be less than 50,500 square
meters;
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The
land use right fee includes:
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Land
grant fee is RMB 3,141,591;
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Land
development fee is RMB 3,884,735;
and
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Related
municipal utility facilities fee is RMB 13,917,617.
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A
total of RMB 20,943,943.
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The
retainer fee for signing of this agreement is 20% of the land grant
fee.
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Party
B agrees to pay off the land use right fee on the date of signing this
agreement.
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Summary
of the articles omitted:
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Overdue
payment
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Government
law
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Maturity
and renew regulations
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Validity
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Dispute
settlement
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Miscellaneous
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Text
copies
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