EXHIBIT 10.3
NATIONAL LAND USE PERMIT
1. This certificate is a legal voucher for right to the use of
land. It, therefore, must be held by the user of land.
2. Any changes to be made in the land registration, or any
enactments, changes and cancellations for other rights of land shall be
registered by the certificate holder and relevant party in accordance
with relevant regulations. The certificate cannot be used as collateral
for mortgage, and the right to use the land is not transferable.
3. The contents written on the certificate shall comply with the
registration card of the land administration department.
4. The certificate shall be validated regularly, and the
certificate holder shall take active measures to validate the certificate
with the land administrative department in accordance with the relevant
provisions.
User of land Beijing Dahua Real Estate Development Ltd.
- ------------
Location Dahua Garden Residential Quarters, Northwest Lutuan
- -------- Village, Beiqijia Township, Changping District, Beijing
Land No. N/A
- --------
Drawing No. N/A
- -----------
Purpose Housing, commerce
- --------
Type of
Right to Use State-owned transfer
- ------------
Date of
Termination Housing use: April 27, 2073; Commercial Use: April 27, 2043
- ------------
Area of the
Right to use 56,911.11 square meters
- ------------
Shared area N/A
- -----------
Filling organ National Land Resources Bureau
- ------------- of the People's Republic of China
Date: October 20, 2003
- -----
Sate-owned land to be lawfully used by units or individuals shall be
registered with and recorded by people's governments at or above the
county level, which shall, upon verification, issue certificates to
confirm their right to use such land.
- --Article 11, Land Administrative Law of the People's Republic of China.
The State shall practise a system of registration and certification
for land-use rights and ownership of houses.
- --Article 59, Law of the People's Republic of China on the Administration
of Urban Real Estate
Any change to be lawfully made in land ownership, in the right to use land,
or in the purpose for which the land is used, shall be registered.
- --Article 12, Land Administrative Law of the People's Republic of China
The lawfully registered ownership of land and right to use land shall be
protected by law and may not be infringed upon by any units or individuals.
- --Article 13, Land Administrative Law of the People's Republic of China.
In accordance with the provisions of Land Administrative Law of the People's
Republic of China and Law of the People's Republic of China on the
Administration of Urban Real Estate?applied for by the user of land, through
investigation, examination and approval, permit to registration and the
certificate is hereby issued.
Government Agency Seal:
Seal of Beijing National Land Resources Bureau
Table for result of the boundary
Land No.: N/A
Owner: Beijing Dahua Real Estate Development Ltd.
Area of land (square meter): 59,691.11
Location of land: West Lutuan Village, Beiqijia Township,
Changping District, Beijing
Coordinates of the boundary
Serial No. Dot No. Coordinates Length of Note
x (m) y (m) side (m)
- ---------- ------ ------------------------ ---------- -------
1 1 327820.958 508934.141
2 2 327814.959 509175.405 241.34
3 3 327773.996 509169.561 41.38
4 4 327773.888 509170.253 0.70
5 5 327685.307 509156.465 89.65
6 6 327665.409 509152.339 20.32
7 7 327577.821 509131.809 89.96
8 8 327578.177 509130.352 1.50
9 9 327518.609 509115.790 61.32
10 10 327546.755 508947.100 171.02
11 11 327587.568 508947.653 40.82
12 12 327703.632 508946.203 116.07
13 13 327703.372 508936.585 9.62
14 1 327820.958 508934.141 117.61
Date: September 7, 2003