兴业银行贷款合同英文版

Serial No.: 211305070027 Industrial Bank Individual Amount Revolving Credit Contract

Principal:

Post code: Contact No.:

Borrower (Name): SHAN Yubing

Working Unit: Nanjing Kangni Mechanical & Electrical Co., Ltd Address: Middle Mofan Road

Post code: 210000 Contact No.: 139********

Signing place:

Through check, lender agrees to make individual amount revolving credit to borrower. In order to clear responsibility and abide of credit, through equal negotiation, the contractor two parties sign this contract, and obey together.

Article 1 Definition and explanation

Exception other agreement agreed by both parties, it shall:

1.1“Individual amount revolving credit amount (in this contract referred to as

amount)” means that according to application of borrower, synthesizing credit condition of borrower and guarantee offered by borrower, lender checks the balance of usable maximum loan principal in certain period of borrower.

1.2“Amount term” means that during one uninterrupted and continuous period,

through agreement of lender, borrower can apply for several times loans within the amount range (that is under the amount)

1.3“Individual amount revolving credit(in this contract referred to as loan) means

the each loan applied by borrower during amount validity and within amount range. The maximum period of each loan applied by borrower must be within amount validity.

1.4 “Expenses of credit realization”include but are not confined to litigation cost,

property preservation fee, execution application fee, attorney’s fee, case fee, announcement fee, valuation fee, action fee, etc..

Article 2 Amount and amount validity

Through check, lender agrees to issue loan to borrower, the amount is RMB (in capital) four hundred thousand Yuan only; amount validity is 60 months, from 2007 to 2012; the loan is used for purchasing house.

Article 3 Loan usage

Borrower can use the loan after this contract and guarantee contract come into force. In order to use the loan within amount range, borrower shall make an application and fill in Industrial Bank Amount Revolving Credit Usage Application and Approval Form, and process the loan through check and approval of lender. Amount, period and rate of credit and debt between borrower and lender are based on record of Industrial Bank Loan Evidence which is a component of the contract.

In case of floating rate executed according to the contract, rate recorded in Industrial Bank Loan Evidence shall be the exact one on the day of loan origination. In case of national interest rate adjustment, rate shall be determined according to Article 4 without notice to borrower.

Borrower irrevocably authorizes lender to transfer the loan directly to the following account (in the following text referred to as loan account)

Account Name: SHAN Yubing Account or card No.: 40344662441; Opening bank: Chengdong.

Article 4 Loan rate

(1) Loan tem in one year (including one year), the rate shall be fixed rate, the rate on the day of loan origination floating upward % or downward % on the basis of same period and same grade of national benchmark interest rate according to the state regulations. The rate shall not be adjusted according to national interest rate adjustment during loan period.

(2) Loan term over one year, the rate shall be executed floating rate, floating as (month/season/half year/year/other period), and each month shall reset rate, annual rate floating downward 10% on the basis of same period and same grade of national benchmark interest rate. During loan period, in case of national interest rate adjustment, the new rate shall be executed from the first day of following (month/season/half year/year/other period) in Gregorian calendar of the day of adjustment without notice to borrower.

In case of cancellation of national benchmark interest rate, lender has right to determine the contract rate according to the national interest rate policy, industry practice, rate situation and other factors, based on principles of fairness and sincerity. If any disagreement arises, borrower shall negotiate with lender timely. If the negotiation fails, lender has right to recover loan in advance, and borrower shall pay off remaining loan principal and interest immediately.

Article 5 Repayment of loan principal and interest

(1) The loan term in one year (including one year), borrower is willing to repay the principal and interest as the following first way till to the loan paid off:

First: when the loan is matured, principal and interest is paid by one time, with the benefit clear.

Second: interest is calculated and paid as ____ (month/season/half year), and principal and remaining interest is paid by one time when the loan is matured. Repayment date is each ____ (month/last month of season/last month of half year) in Gregorian calendar from the following ____ (month/season/half year) of loan origination and loan maturity date.

(2) The loan term over one year, repayment day is each ____ (month/last month of season/last month of half year/last month of year/other period) in Gregorian calendar from the following ____ (month/season/half year/year/other period) of loan origination and loan maturity day.

Through negotiation of both parties, borrower is shalling to repay the principal and interest as the following ____ way till to the loan paid off:

First: average principal and interest repayment method

The amount of loan principal and interest in each period is calculated based on remaining principal, rate level and remaining period, and actual amount of loan principal and interest in each period is based on the result calculated by lender according to the contract.

Second: average principal repayment method

It means that principal ____ (Currency) ____ Yuan is paid and monthly interest is settled on repayment day. The interest amount in each period is calculated based on remaining principal, rate level and remaining period, and actual amount of loan principal and interest in each period is based on the result calculated by lender according to the contract.

(3) After granting loans, borrower must deposit full amount at loan account before each repayment day. Borrower irrevocably entrusts lender to deduct related amount from the above account directly on repayment day of the contract till to the loan principal and interest paid off and responsibilities and obligations fulfilled under the contract.

(4) In case of repayment of loan principal and interest partly or fully in advance,

borrower shall give notice fifteen days in advance and get consent of lender. If lender agrees, borrower shall negotiate with lender to determine future repayment period, time and amount after paying off partial principal and interest in advance. For loan principal paid off in advance, interest is calculated and collected according to actual period and rate in contract. Lender shall not adjust the interest calculated and collected before repayment in advance.

(5) Default interest and compound interest

1. If borrower does not use the loan in the way that promises in contract, lender has right to charge default interest of diverted loan. Default interest rate floating upward ____% based on loan rate, is calculated and collected according to loan interest in contract.

2. If borrower does not repay the loan timely or reach agreement on period extension with lender, lender has right to charge default interest of overdue loan. Default interest rate floating upward ____% based on loan rate, is calculated and collected according to loan interest in contract.

3. For interest not paid timely, lender has right to collect compound interest based on default interest rate in the contract. Compound interest is calculated and collected according to loan interest in contract.

Article 6 Guarantee for maximum amount

1) The following contract is guarantee contract under the contract:

Serial No. 211305070027 of Industrial Bank Maximum Amount Mortgage Contract (contract name), guarantee method is house property mortgaged, guarantor is SHAN Yubing, guarantee amount is (in capital) four hundred thousand Yuan only

Serial No. of Industrial Bank Maximum Amount Contract (contract name), guarantee method is , guarantor is , guarantee amount is (in capital)

(Tick the box before the selected item)

2) In case of the following events during execution of guarantee contract, lender has right to take measures as 2) of Article 8:

(1) Guarantor violates the guarantee contract or deliberately damages mortgaged property, or mortgaged property is likely to depreciate or has depreciated apparently, or other events that harm mortgage rights of lender;

(2) Pledgor violates the guarantee contract, or pledged property is likely to depreciate or has depreciated apparently, or pledge rights must be honored in advance, or other events that harm pledge rights of lender.

Article 7 Rights and obligations

1) In handling individual amount revolving credit business, borrower shall meet specific requirements of lender, positively cooperate with credit investigation, regularly or irregularly provide documents needed by lender, provide full guarantee and go through necessary procedures.

2) After the contract comes into force, borrower enjoys available loan business of lender under individual amount revolving credit and applies to use revolving loan within amount range. Lender shall meet the loan demand of borrower timely except of equipment failure or communication fault on business platform.

3) Lender shall positively offer convenient and attentive financial service, simplify procedures, design suitable finance and investment plans for borrower and give reasonable financial advice.

4) Lender shall abide by confidentiality obligation of borrower’s personal information except of national laws and regulations and stipulation of supervision departments.

5) Lender has right to establish personal credit registration system, regularly submit borrower’s personal information to the personal credit system of the People’s Bank of China. If borrower maliciously delays repayment and evade bank debts, lender has right to include it in bad credit blacklist file and expose it.

6) Lender has right to take measures as Article 8, and recover credit partly or fully in advance, if borrower’s repayment ability is affected significantly due to changes of income situation, credit status and enterprise production and operation situation, or other events occur that lender deems are likely to influence borrower’s repayment ability or to harm lender’s credit fund security (including but not confined

to lawsuit, arbitration or other administrative and legal dispute).

Article 8 Liabilities for breach of contract

1) Borrower in any conditions listed below belongs to breach of the contract:

(1) To reject or obstruct bank’s supervision and inspection of income and expenditure and loan use;

(2) To use loan in projects explicitly prohibited by national laws and financial regulations;

(3) To offer fake documents, materials or other information and to harm credit fund security;

(4) Do not repay the principal and interest timely by installment;

(5) Mortgaged property cannot be used to pay off debts due to accidental damage or pledged property has depreciated apparently, and borrower does not offer new guarantee according to bank requirements;

(6) Borrower has such situation below: death, missing, loss of capacity for civil conduct;

(7) Borrower goes against any obligations of contract under the contract;

(8) Borrower goes against other obligations in the contract.

2) If borrower breaches the contract or borrower’s credit status is harmed, lender has right to take the following one measure or several measures:

(1) To suspend individual customer’s loan amount;

(2) To reduce or withdraw individual customer’s loan amount;

(3) To terminate the contract, to declare that borrower’s partial or full loan expires in advance within amount range, and to require borrower to pay off partial or full loan principal and interest within amount range;

(4) To require borrower to bear lender’s expenses of credit realization and to compensate for other losses.

3) If borrower does not breach the contract, lender also has right to take the above measures as 2) of Article 6 and 6) of Article 7.

Article 9 Expenses

Borrower shall bear all expenses regarding the contract (including but not

confined to registration fee and notarial fee).

Article 10

The lawsuit and jurisdiction court regarding the contract shall be lender’s local people’s court.

Article 11 Contract validity

This contract is valid from the day affixing the signature or official seal of lender principal (or authorized agent) and signature of borrower and to the day that all the loan principal and interest has been repaid.

Article 12 Text

This contract has 3 copies, contractor two parties each hold one copy, and duplicate shall be added according to need.

Article 13 Supplementary provision