LoanContract

1.

为保证贷款方及借款方双方的利益，各方一致同意，贷款方将全部资金分批汇入借款方或保证方帐户，再由保证方支付给借款方。

 

In order to ensure the right and interest of the lender and the borrower, the parties unanimously consent that the lender will remit all capitals to the account of the borrower or the guarantor in batches and the guarantor will then pay them to the borrower.

2.

汇款约定，2008年12月31日前汇入借款方指定帐号人民币360万元(大写)人民币叁佰陆拾万元整。2009年6月30日前汇入借款方指定帐号人民币1300万元(大写)人民币壹千叁佰万元整，2009年12月31日前汇入借款方指定帐号人民币340万元(大写) 人民币叁佰肆拾万元整。

 

Agreement on remittance: 3,600,000 CNY will be remitted to the account designated by the borrower before 2008-12-31, 13,000,000 CNY will be remitted to the account designated by the borrower before 2009-06-30 and 3,400,000 CNY will be remitted to the account designated by the borrower before 2009-12-31.

1.

借款时间共18个月，自2008年12月10日起，至2010年6月09日止。

 

Total loan term is 18 months from 2008-12-10 to 2010-06-09.

2.

还款时间为：本借款到期后5个工作日内将本金及利息归还贷款方。

 

Repayment deadline: The borrower shall repay the principal and the interest to the lender within 5 working days after the loan becomes due.

1.

还款资金来源：自筹

 

Source of repayment: Self raised

2.

还款方式：借款方直接将本金及利息电汇至贷款方帐户。

 

Mode of repayment: The borrower directly wires the principal and the interest to the account of the lender.

1.

借款方必须按照借款合同规定的用途使用借款，不得挪作他用，不得用借款进行违法活动。

 

The borrower must use the loan solely for the purpose as specified in the contract, may not appropriate for other purpose and conduct illegal activities with such loan.

2.

借款方必须按合同规定的期限还本付息。

 

The borrower must repay the principal and the interest before the deadline specified in the contract.

3.

借款方有义务接受贷款方的检查、监督贷款的使用情况，了解借款方的计划执行、经营、财务活动、物资库存等情况。借款方应提供有关的计划、统计、财务会计报表及资料。

 

The borrower is obliged to subject to inspection and monitoring on the use of the load by the lender and the lender is entitled to be informed of the execution of plans, operation, financial activities and stocks of materials & goods of the borrower. The borrower shall provide relevant plans, statistics, financial statements and data.

4.

需要有保证人担保时，保证人履行连带责任后，有向借款方追偿的权利，借款方有义务对保证人进行偿还。

 

Where the guarantor is required for guarantee, the guarantor is entitled to recover from the borrower after the guarantor has performed his joint liabilities. And the borrower is obliged to repay the guarantor.

5.

由于经营不善而关闭、破产，确实无法履行合同的，在处理财产时，除了按国家规定用于人员工资和必要的维护费用时，应优先偿还贷款。由于上级主管部门决定关、停、并、转或撤销工程建设等措施，或者由于不可抗力的意外事故致使合同无法履行时，经向 ;贷款方申请，可以变更或解除合同，并免除承担违约责任。

 

Where the contract can not be executed due to shutdown or bankruptcy of the borrower arising from poor operation, when the properties are to be disposed, the repayment of loan shall take precedence except salaries of employees and necessary maintenance expenses as specified by the national government. If the contract can not be executed when the borrower closes, shuts down, transfers to other industry or cancel project construction according to the resolution of corresponding authority, or due to accidents of force majeure, the contract may be changed or cancelled upon application to the lender and the liabilities for breach of contract may be relieved thereof.

1.

借款方的违约责任

 

Liabilities of the borrower for breach of contract

 

1)

借款方不按合同规定的用途使用借款，贷款方有权收回部分或全部贷款，对违约使用的部分，按银行规定利率加收罚息。情节严重的，在一定时期内，银行可以停止发放新贷款。

 

If the borrower does not use the loan for the purpose as specified in the contract, the lender may reclaim some or all loan. For the loan used in breach of contract, default penalty may be collected according to rules of banks. For issues of severe nature, the bank may stop issuing of new loan in certain period.

 

2)

借款方如逾期不还借款，贷款方有权追回借款，并按银行规定加收罚息。借款方提前还款的，应按规定减收利息。

 

If the borrower does not repay the loan within specified term, the lender is entitled to relaim the loan and collects penalties according to rules of banks. If the borrower repays the loan before the specified term, the interest payable shall be reduced according to rules.

 

3)

借款方使用借款造成损失浪费或利用借款合同进行违法活动的，贷款方应追回贷款本息，有关单位对直接责任人应追究行政和责任。情节严重的，由司法机关追究刑事责任。

 

If loss or waste occurs due to use of loan by the borrower, or the borrower conducts illegal activities by means of the loan contract, the lender shall reclaim the principal and the interest of the loan. Relevant authorities shall ascertain responsibilities of direct responsible person. For severe issue, the juridical authority shall ascertain criminal responsibilities.

2.

贷款方的违约责任

 

Liabilities of the lender for breach of contract