Common use of Construction Area Clause in Contracts

Construction Area. 4.1 According to the actual demands with respect to the investment project, pursuant to the “Investment Intensity of Industrial Projects, etc.” of the state and Jiangsu Province as well as other relevant land management provisions, the Management Committee has agreed to provide approximate 75 Mu [1 Mu = 0.1647 acre] of land to be used for industrial construction in the Development Zone area coded B-9-3 for this project. See the figure attached for details. 4.2 After the project is approved, Party B shall enter into an official “Transfer Contract for the Right to the Use of State-owned Land” with the Development Zone in accordance with laws and regulations. Party B shall complete the investment and construction for this parcel of land in accordance with relevant provisions and requirements. 4.3 In consideration of the fact that the project herein is a key hi-tech biomedical project supported by the state with international hi-tech intellectual property rights and which complies with the state’s trajectory for industrial development, and because the tax revenue after the project’s completion will be high, the Management Committee [has decided to] support the use of land for the project by extending to Party B a discounted land price of RMB 128,000 / Mu [1 Mu = 0.1647 acre].