Scope of Tenancy and Rental
The area of the Leased Factory is as follows:-
The actual area of the Leased Factory shall be confirmed at the construction work completion examination.
The factory, office and canteen buildings shall be connected by bridges designed according to the usage requirements of
The rental of the Leased Factory will be the higher of the following:-
The parties agree that the “construction costs” of the Leased Factory shall include the following items:-
Landlord: Huangjiang Investment Development Company
(hereinafter called “Landlord”)
Philips Semiconductors (Guangdong) Company Ltd.
(hereinafter called “Tenant”)
The Landlord hereby agrees to lease its factory building, office building, canteen building, ) dormitory buildings (to be
constructed) and entertainment centre and related facilities situated at Tian Mei High Tech. Industrial Park, Huang Jiang
Town, Dongguan City together with the land on which such buildings are erected thereon (which is more particularly
identified in the annexed plan and colored pink) (“Leased Factory”) to Tenant.
a. Factory building:
35,395 square meters
b. Office building:
5,295 square meters
c. Canteen building
6,185 square meters
d. Dormitory buildings (4 blocks)
16,001 square meters
e. Entertainment center
6,715 square meters
69,591 square meters
(a) Yearly rental shall be RMB96 per square meter (i.e. monthly rental of RMB 8 per square meter); or
(b) Yearly rental equal to thirteen percent (13%) of the actual construction costs of the Leased Factory.
building costs of the entertainment center, factory, office, canteen and dormitory buildings;
(ii) quality examination and construction supervision costs;
It is hereby confirmed by the parties that the Tenant shall be entitled during the term of this Contract