Land Early Development Cost Compensation AgreementLand Early Development Cost Compensation Agreement • June 22nd, 2005 • Ctrip Com International LTD • Services-business services, nec
THIS AGREEMENT is hereby entered into between Party A and Party B in accordance with the “People’s Republic of China, Contract Law” and other laws and regulations in order to specify the rights and obligations of the Parties following consensus reached through mutual consultation according to which Party A has, for speeding up the construction of Lin Kong Economic Zone, agreed to the use by Party B, under a land use rights grant, a lot of land within Lin Kong Economic Zone where Party B will register an enterprise for the construction of a project (the “Project Land”) and Party B has, in consideration of the early development completed on the Project Land at the costs of Party A, agreed to pay to Party A an amount of Land Early Development Cost Compensation.
