LOAN CONTRACT

　　Contract Number： (来源：英语麦当劳www.EnglishCN.com)

　　BORROWER：

　　Address：

　　LENDER：

　　Address：

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　　In accordance with provisions of Contract Law of the Peoples Republic of China and Bank of China， after reviewing the status and the request of the Borrower， the Lender agrees to grant the Borrower a line of credit on . The Borrower， Lender and Guarantor， through friendly negotiation， have executed this Contract as follows：

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　　ARTICLE 1 CURRENCY， AMOUNT AND TERM OF THE LOAN：

　　1. The Currency under this loan is Reiminbi. (来源：专业英语学习网站 http://www.EnglishCN.com)

　　2. The Line of the loan is yuan. (来源：英语论坛 http://bbs.englishcn.com)

　　3. The period of this loan is 12 months from the date of effectiveness of this contract. (来源：英语问答中心 http://ask.englishcn.com)

　　ARTICLE 2 THE PURPOSE OF THE LOAN：

　　1. The purpose of this loan is used for working capital turnover. (来源：英语论坛 http://bbs.englishcn.com)

　　2. Without written approval of the Lender， the Borrower could not use the loan out of the scope of the purpose. (来源：英语麦当劳www.EnglishCN.com)

　　ARTICLE 3 INTEREST RATE AND CALCULATION OF INTEREST：

　　1. Interest rate： The interest rate shall be [***] During the loan term， if the countrys related authority adjusted the interest rate or the manner of calculation of interest， the interest of this contract shall be adjusted accordingly after one year from the date of execution of this contract.

　　The adjustment shall be conducted when the interest rate are executed one year.It is not obliged to inform the Borrower when the adjustment of interest.

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　　2. The interest shall be calculated from the date of first drawdown and the actual days the borrower use. One year shall be calculated as 360 days. (来源：EnglishCN英语博客基地)

　　3. The payment of interests： The Borrower shall pay the interests per quarter. The payment date shall be ， and. If the payment for the last installment is not on the payment date，the interests shall deduct the interest from the bank account of the Borrower. In the event that the Borrower fails to pay the interests on time and the balance of the account of the Borrower is not enough for the payment of interest， the Lender shall have rights to collect a penalty being [***] of the outstanding amount per day for the Borrowers breach of contract.

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　　ARTICLE 4 OVERDUE INTERESTS AND MISUSING INTERESTS (来源：英语问答中心 http://ask.englishcn.com)

　　1. If the Borrower fails to repay the loan and can not reach a agreement with the Lender regarding the extension， the Lender shall collect an overdue penalty for [***] of the overdue amount per day. (来源：英语麦当劳－英语学习门户 EnglishCN.com)

　　2. If the Borrower fails to uses the loan in accordance with the provisions set forth in this contract， the Lender shall have right to charge a interests for the misusing part at a rate of [***] per day.

　　ARTICLE 5 ACCOUNT (来源：英语麦当劳－英语学习门户 EnglishCN.com)

　　The Borrower shall open Reiminbi basic account and/or foreign currency account at the Lender or Lenders branch for the use of draw-down， repayment，payment of interests and fees. (来源：英语图片 http://photo.englishcn.com)

　　ARTICLE 6 DRAW-DOWN (来源：英语麦当劳－英语杂志 www.EnglishCN.com)

　　1. The loan under this contract is revolving， the balance of this contract shall not more than the line of credit. (来源：英语麦当劳－英语杂志 www.EnglishCN.com)

　　2. The Borrower shall send a draw-down application as the form herein attached in this contract 7 days before the date of draw-down. (来源：英语e问e答 http://ask.englishcn.com)

　　3. The Borrower shall not draw the loan less than 1 million.

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　　ARTICLE 7 CONDITIONS FOR DRAW-DOWN (来源：英语博客 http://space.englishcn.com)

　　The following conditions shall be satisfied in advance of the draw-down date： (来源：英语论坛 http://bbs.englishcn.com)

　　1. The Borrower has opened foreign account and Reiminbi account at the office of the Lender or the branch of the Lender； (来源：英语论坛 http://bbs.englishcn.com)

　　2. This contract and the appendices have been effective； (来源：英语博客 http://space.englishcn.com)

　　3. The Borrower has provided the recognition of the investment or certificate of the investment to the Lender；

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　　4. The Borrower has provided the board resolution and power of attorney regarding this loan contract；

　　5. The Borrower has provided the list and the signature sample of the authorized person who empower to sign this contract and documents； (来源：英语麦当劳 http://www.EnglishCN.com)

　　6. The Guaranty under this contract has been effective；

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　　7. The Borrower has been satisfied the warrants under Article 11 of this contract；

　　8. The other requirement for the draw-down have been satisfied. (来源：EnglishCN英语问答中心[e问e答])

　　ARTICLE 8 REPAYMENT PLAN AND PREPAYMENT