【正文】 ............................................ 14 9. LAND USE RIGHTS........................................................................................................ 15 10. BUILDING CONSTRUCTION.......................................................................................... 16 11. BOARD OF DIRECTORS ................................................................................................ 16 12. MANAGEMENT ORGANIZATION .................................................................................. 20 13. LABOUR MANAGEMENT ............................................................................................... 22 14. ANNUAL OPERATING PLANS AND BUDGETS ............................................................... 23 15. TAXATION, THREE FUNDS AND PROFIT DISTRIBUTION ............................................ 23 16. FINANCIAL AFFAIRS AND ACCOUNTING..................................................................... 25 17. BANK ACCOUNTS AND FOREIGN EXCHANGE .............................................................. 27 18. CONFIDENTIALITY....................................................................................................... 27 19. DURATION OF THE COMPANY ..................................................................................... 28 20. EARLY TERMINATION .................................................................................................. 28 21. LIQUIDATION AND DISSOLUTION ............................................................................... 30 22. LIABILITY FOR BREACH OF CONTRACT ...................................................................... 31 23. INSURANCE .................................................................................................................. 32 24. FORCE MAJEURE .......................................................................................................... 32 25. APPLICABLE LAW ......................................................................................................... 33 26. DISPUTE RESOLUTION ................................................................................................. 33 27. MISCELLANEOUS.......................................................................................................... 34 ANNEXES Annex 1 Articles of Association SCHEDULES Schedule 1 Site Map Schedule 2 Design and Layout Plan of Building Optional Attachments: Land Use Contract Premises Lease Contract Labour Contract 1 PRELIMINARY STATEMENT THIS JOINT VENTURE CONTRACT is entered into this ? [Date], in accordance with the Law of the People39。s Republic of China on SinoForeign Cooperative Joint Ventures and the Detailed Rules for the Implementation of the Law of the People39。 a person or entity shall be deemed to control another person or entity if the former possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of the latter. Articles of Association shall mean the Articles of Association of the Company dated as of the date hereof between the Parties, substantially in the form attached hereto as Annex 1, and as may be amended or restated from time to time by the Parties. 2 Assist or Assistance shall mean, respectively, to actively and aggressively support and implement, or the active and aggressive support and implementation of, an activity or application with full intent and mitment to obtain the results sought by the Party or the Company which is being assisted. Board or Board of Directors shall mean the Board of Directors of the Company. Building shall mean the building of approximately ? _______________ square meters (________ m2) ?[] [gross] which will be constructed ?[on the Site] [at [Address]]. The Building will be constructed for mercial (including entertainment, retail, business and services) use and shall have the preliminary design and layout set forth in Schedule 2. Business License shall mean the business license to be issued to the Company by the PRC State Administration for Industry and Commerce [through the ? _____________ Municipal Administration Bureau for Industry and Commerce]. Chairman shall mean the chairman of the Board of Directors of the Company. China or the PRC shall mean the People39。 provided, however, that this Contract shall be subject to the approval of the Examination and Approval Authority or other examination and approval authority before the same may bee effective. (e) No litigation, arbitration or administrative proceeding is currently taking place or pending or, to the best knowledge of Party A or its relevant Affiliates, threatened against Party A or its relevant Affiliates. Furthermore, neither Party A nor any of its relevant Affiliates is in violation of any law, regulation, government directive whether having force of law or not, or in default under any judgment, order, authorization, agreement or obligation applicable to the business of Party A or its relevant Affiliates. 6 (f) Upon the approval of the Examination and Approval Authority, this Contract shall constitute the legal, valid and binding obligation of Party A enforceable against Party A in accordance with its terms. (g) Party A 39。s or its relevant Affiliates39。 (b) market, lease, presell and sell pleted and unfinished units in the Building。s aggregate contribution to the registered capital of the Company shall be eighty percent (80%) of the total registered capital of the Company, and shall be the United States Dollar equivalent of ? [RMB_____________ (________________Renminbi)][US$________________(___________United States Dollars)] in the form of cash. Additional Financing The Company may obtain additional funds through loans from domes