International Borrowing Contract

Address: telephone, telephone, telephone, telephone and telephone:

The agent is: XXX.

Address: telephone, telephone, telephone, telephone and telephone:

Loaned Bank: the first, the second and the third.

Address: telephone, telephone, telephone, telephone and telephone:

This loan contract is made by the borrower, the company of the borrower, the agent of the bank, the manager of the bank, the manager of the bank, the Bank of the bank, and the signing of the financial institutions listed on the signature page by the lender bank.

In view of the borrower's borrowing from the bank, the banks have separately and separately proposed loans to the borrower, amounting to $10 million. The parties agree as follows:

(1) "banking day" means the business day of the interbank market and the bank's trading in US dollar deposits.

The bank working day refers to the day of the US dollar deposit paction.

(2) "payment date" has the meaning of the term in clause 2.2.

(3) "US dollars" or "$" means the legal currency of the United States.

(4) "breach of contract" has the meaning of the term in Clause 11.1.

(5) "interest payment day": for the term of interest, it refers to the last day of such interest period.

(6) the term "interest period" refers to the period at the beginning of the payment date (for the first interest period) or on the last day of the preceding interest period for any subsequent interest period, and terminates on the corresponding day of the payment date or on the last day of the sixth month thereafter.

(7) the "loan branch", for any bank, refers to a bank office specified in Appendix 1 or the purpose of this contract. The borrower of the bank at any time to notify the correspondent bank is designated as its loan branch and other offices.

(8) "interbank offered rate": for any interest period, it refers to any interest rate determined by the Agency (expressed in terms of annual interest rate), and the average reconciliation calculated by the agency after each interest rate is made by reference to a number of reference lines (or if the reference bank is not a bank, the subsidiary bank of the reference bank).

Before the beginning of an interest period, at two a.m. on the bank working day at 11 o'clock a.m., the reference banks will provide the major banks in the interbank market on the basis of their respective interest rates in the same period as the above interest period, the amount of which is actually equal to the amount of loans that are paid in advance during the interest period, and the total number of loans carried to the $10 million yuan (regardless of the assignment or assignment of any rights or obligations).

However, if any reference bank fails to inform the interest rate, the interbank release rate must be determined on the basis of the interest rate of the remaining reference lines to the agency.

(9) "loan": for any bank at any time, it refers to the loan made by the bank accordingly, or the amount of the principal amount that the bank has not paid back. The loan at any time refers to the sum of all banks' loans at the above time.

(10) "loan commitment": for any bank, it means the amount determined and stated on the signature side of the loan contract.

(11) "most loan rights banks": all banks that make up the total amount of the loan commitments at any time before any loan is paid, and at any time thereafter, each bank that owns the sum of more than 50% of the loan principal sum in that time.

(12) interest margin: 1%.

(13) "notes": each promissory note showing any bank loan is basically in the form of Appendix 2.

(14) "reference bank": the Bank of Hong Kong, the bank and the head office of the bank.

(15) "subsidiary": any entity at any time, the voting rights share of more than 50% of the entity's publicly issued shares, or other shareholders' rights and interests usually entitled to elect their directors or other management departments, are actually owned or directly or indirectly controlled by one or more entities of the borrower, or the borrower and one or more entities actually or indirectly control it.

(16) "termination date": the year of the year.

(17) "all loan commitments" means $10000.

2.1 loan commitment: each bank agrees with each other in accordance with the terms and conditions of this contract, but through its loan branch, it provides the borrower with the principal amount of loan equal to the loan commitment of the bank.

2.2 notifications and loan commitments: if the borrower wishes to borrow the amount equal to all the loan commitments, it should issue a notice to the agency on the date of payment ("payment date") in accordance with the form of Appendix 3, no later than the 5 banking days before the date of the nominated loan date specified above. The date should be a banking day before the date of termination, and inform the account of the in the account. The income of the loan is credited to the account. The above notification is sent to the borrower to make an irrevocable undertaking to borrow the above amount on the day of payment.

2.3 payment: the agency shall inform the banks immediately by telex or telegram the date of payment.

In the morning, when it is in the morning, it will provide the agency with the same amount of money as the loan commitment in accordance with the conditions stipulated in this contract. In the form of funds settled by the interbank clearing system of the bank, or other funds determined by the agency, it will be deposited in the account of the company's account in the account of the bank for the purpose of international bank pactions, or the other accounts which have been designated by the banks. The agency shall, in accordance with the terms and conditions stipulated in this contract, credit the funds collected to the account specified by the borrower under Section 2.2 on the date of payment. Each bank should pay.

3.1 Repayment: except for otherwise expressly provided in this contract, the borrower shall pay a half yearly repayment loan.

The amount of each period is equal to that of the loan, but each period of the first period shall be carried to a full multiple of US $1. The last period is the amount necessary to fully liquidate the outstanding balance of the loan. Each period of the loan shall be paid on a continuous interest payment day beginning on the first day of interest payment.

3.2 voluntary early repayment: the borrower must pay in full or part of the full multiple of the $10 million in the interest payment day.

If it is not later than the 15 banking days of the first day before the borrower is willing to repay the loan, the borrower shall issue an irrevocable notice to the agency about the above date and the amount of the early repayment amount at 5 p.m.

The amount fixed together with interest on the date of payment shall be paid to 0.5% of the banks in advance on that day.

Part of the advance repayment shall be apportioned according to the proportion of the loan, and shall be reimbursed according to the installments specified in Article 3.1 in reverse order.

The amount to be paid in advance shall not be reused according to this contract.

3.3 illegal act: if any bank determines at any time, any change in any law, clause or treaty, or any change therein, or any change in its interpretation or application, which causes the bank to make loans or continue to borrow or claim or receive any amount payable, the bank shall notify the borrower of the above decision. If the loan is sent after the above-mentioned loan is paid, the borrower shall repay all the loans in advance of the interest payment date immediately after the notification date; or, if the bank determines that the loan is required to repay the loan ahead of the date of payment, it shall be accompanied by the interest payable on the day when the loan is paid in advance, and all other amounts payable by the borrower to the bank.

4.1 basic interest rate:

(1) in addition to the provisions specified in articles 4.2 or 4.3, each loan shall pay interest during the first interest period, and from the first day of the interest period (including the first day) to the last day of the interest period (excluding the last day), the annual interest is equivalent to the amount of interest spread and the interbank offered rate during the interest period.

(2) in addition to otherwise specified in this contract, the interest payable on the loan shall be paid on each payday.

(3) the agent shall immediately notify the borrower and the bank after each decision of the interbank offered rate.

4.2 延遲支付的利息：如果借款人應(yīng)付的任何金額到期未付，上述金額在利息期內(nèi)的利息應(yīng)在適用的法律所允許的范圍內(nèi)支付，自支付日(包括該日在內(nèi))到上述金額支付日(不包括該日在內(nèi))，年利數(shù)額相當(dāng)于該利息期內(nèi)每天(1)利差，(2)1%，以及(3)下述的最高額：(A)代理行在____ 銀行同業(yè)市場(chǎng)上述金額美元存款的當(dāng)日?qǐng)?bào)價(jià)(以年率表示)；(B)利息期內(nèi)到期日為付息日的________銀行同業(yè)拆放率(或者，如果到期日不是付息日，則為該利息日所在利息期內(nèi))；(C)在該到期日(如果該到期日是利息期的首日)開(kāi)始的利息期的________銀行同業(yè)拆放率。

4.3 substitute interest rate: if the agency has made practical and feasible consultations with the banks, it is impossible to determine at any time (1) that the interbank offered rate of the next interest period can not be determined. Or (2) the interbank release rate of the during the interest period can not adequately reflect the cost of the US dollar deposits of most of the loan rights banks in the interbank market in the interest rate period. The agency should immediately notify the borrowers and all the banks of the decision. If the notice is issued before paying the loan, the loan obligation of the bank under this contract shall be terminated on the date of the notice.

If the notice is issued after payment of the loan, each bank should notify the borrower of interest rate as soon as possible. The interest rate is determined by the bank above the effective cost plus 1% (expressed annually) to the bank.

Interest on bank loans shall be calculated within the period of interest and at the interest rate stipulated by the bank's notice.

In accordance with the request of the bank, the borrower shall sign and submit the documents necessary for the full and effective implementation of this provision, including, but not limited to, new bills signed and delivered by the bank for the purpose of exchanging the instruments held by the bank.

5.1 commitment fee: the commitment fee paid by the borrower to the total amount of the bank loan 0.5% per year, from the date of the effective date of the contract (including that date) to the earlier date of the payment date and the termination date (but not including that date), and from the date of third months after the date of the contract to the earlier date of payment and termination date.

5.2 management fee: the borrower shall pay the management fee equal to 1% of the total loan amount payable on the same day.

5.3 agency fee: the agency fee paid by the borrower to the agent.

(1) in the 60 days after the date of payment and the date of termination, (2) the borrower shall pay the amount of $1st anniversary on the date of the withdrawal on the anniversary of the withdrawal or any amount of the amount payable.

6.1 no offsetting, counterclaim or deduction shall be made.