关于海外设立房地产投资基金的沟通函(中英文对照)

January 30, 2015

2015年1月30日

XXXX PROPERTIES LIMITED

XXXX有限责任公司

Sir XXXX

XXXX先生

PROPOSAL FOR STRUCTURING OF REAL ESTATE FUND

设立不动产基金的构想

It was indeed a pleasure to have met with you and your colleagues on Monday, January 26th, 2015 when we discussed the abovematter.

和您以及您的同事们在2015年1月26日就以上问题的会面与我是一种荣幸。

Our understanding

我们的共识

From our discussion, we understand that both XXXX Investment Bank and XXXX Properties Limited intend to enter into an agreement with a view to creating a real estate fund. On the current thinking, the fund will be initiatedwith approximately USD 20 Million contributions by XXXX Properties Limited. Other possible investors may be considered upon XXXX’s consent.

根据我们的讨论，我们就以下达成共识：XXXX Investment 银行与XXXX置业有限责任公司想要订立一个合同以创设一个不动产基金。按照现阶段的想法，我们设计由XXXX置业有限责任公司出资2000万美金创设；在XXXX公司的同意下，我们可以考虑让其他投资者参与。

As at the time of our discussion, it is still open as to the kind of vehicle which will be used to carry the fund. Also, though it is intended that the fund shall be med-term with new funds being created for future projects, it is still open as to

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whether the fund shall be fixed term or revolving. It is also open as to the status of the returns that the promoters and future investors.

截止到我们讨论结束，采取何种载体承载这笔基金仍亟待商定。虽然，我们打算将该基金设定为中期投资，中期时会注入新的资金以为未来的项目准备，但是该基金应当采用固定期限还是递进式仍亟待商定。另外，发起人以及未来的投资人的收益方案也亟待商定。

It is, however, certain that the funds shall be utilized for property development or purchase of properties in both the residential and commercial sector. Furthermore, upon XXXX’s consent we also may consider to enter into joint ventures with property developers or such other parties that would be interested in undertaking developments. We understand that the fund purpose will primarily be to generate returns from rental income and capital gains through the appreciation of assets.

然而，需要明确的是，该基金是为住宅以及商业方面的不动产开发或者不动产购买为目的设立的。另外，在XXXX公司的同意下，我们也考虑与房地产开发商或者其他有兴趣开发房地产的各方共同合资经营。我们同意该基金的目标首先是以租金收入以及资产升值来获取回报。

Our understanding of the scope

合作愿景的共识

From our discussion, we understand that the current scope or work will include:

根据我们的讨论，我们同意现阶段达成共识的愿景或者合作意愿包括：

(i)Establishing the most beneficial way, from a tax, legal and financial

point of view that the fund can be structured,

根据税收，法律以及财政政策的相关规定，创设一个收益最高

的基金方式。

(ii)Establishing the most beneficial way in which the initial partner and potential future investors can participate in the fund,

创设一个能使创始人以及未来可能参与该基金的投资人获得最

高收益的方式的基金。

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