PARTICULARS AND CONDITIONS

OF GRANT BY PRIVATE TREATY

PARTICULARS AND CONDITIONS for the GRANT by the Government of Hong Kong (hereinafter referred to as "the Government"), acting in accordance with

the provisions of the Joint Declaration of the Government of the United

Kingdom of Great Britain and Northern Ireland and the Government of the

People's Republic of China on the Question of Hong Kong, of the lot

described in the Particulars of the Lot hereof and shown coloured pink, pink hatched black and pink cross hatched black on the plan annexed

hereto for a term of years commencing on the date of the Memorandum of

Agreement at the end hereof and expiring on the 30th day of June 2047 at

the rent specified in such Particulars and subject to the General and

Special Conditions hereunder.

PARTICULARS OF THE LOT

Registry

Location

Site

No.

Area in

square metres

Rent

Inland

Lot No.

8675

Supreme Court Road,

As delineated

and shown

6,546 (about)

coloured pink,

Hong Kong

pink hatched

black, pink

cross hatched

black on the plan annexed hereto

Up to 30th June 1997 $1,000.00 per annum, and thereafter an amount equal to 3% of the

rateable value

for the time being of the lot

Premium

$1,000.00

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