【正文】 USING INTERESTS 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. 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 The Borrower shall open Reiminbi basic account and/or foreign currency account at the Lender or Lenders branch for the use of drawdown, repayment,payment of interests and fees. ARTICLE 6 DRAWDOWN 1. The loan under this contract is revolving, the balance of this contract shall not more than the line of credit. 2. The Borrower shall send a drawdown application as the form herein attached in this contract 7 days before the date of drawdown. 3. The Borrower shall not draw the loan less than 1 million. ARTICLE 7 CONDITIONS FOR DRAWDOWN The following conditions shall be satisfied in advance of the drawdown date: 1. The Borrower has opened foreign account and Reiminbi account at the office of the Lender or the branch of the Lender。 4. The Borrower has provided the board resolution and power of attorney regarding this loan contract。 8. The other requirement for the drawdown have been satisfied. ARTICLE 8 REPAYMENT PLAN AND PREPAYMENT 1. The Borrower shall repay the loan in accordance with the status of its cash. The Borrower shall inform the Lender the payment amount and date [***] prior to make the payment. The Borrower shall be obliged to repay the principal and related interests on due date without any condition. 2. The payment made by the Borrower and the deduction from the account of the Borrower shall be used for repaying the interest at first and then for repaying the principal. 3. In the event the Borrower fails to repay the loan, the Lender shall have rights to deduct the debt from the bank account of the Borrower at the Lender or empower the branches of the Lender to deduct the debt from the bank account of the Borrower at the Lenders branches。 (3) The Borrowers debts or proposed debts or liens and other encumbrances。 3. Providing updated financial statement or financial bulletin every quarter。 5. Accepting the supervision of the Lender, provides assistance and cooperation for the Lenders supervisions。 merger。 (3) The Borrower suffer difficulties and bad result in financial and operation。 (2) The Borrower fails to repay the due principal and pay the interests, expenses or other payable in accordance with the agreed term of this contract。 2. The Lender breaches the agreed interest rate and collection add interests or other fees。 2. In the event the Borrower assign its right and liability under this contract to other third party under the written consent of the Lender, the third party shall abide this contract without any condition. ARTICLE 16 PERFORMANCE OF OBLIGATION AND WAIVER OF RIGHTS 1. The Borrower is independent contractor under this contract, it will not impact by any other relations between the Borrower with other party except the other provisions set forth in this contract. 2. The Lender give any extension, toleration, favor to the Borrower or permit the Borrower to delay of performance any obligation under this contract shall not impair any rights of the Lender in accordance with this contract and laws, regulation, it shall be deemed to have waived its rights under this contract and the obligation shall be performed by the Borrower under this contract. ARTICLE 17 AMENDMENT, SUPPLEMENT AND INTERPRETATION OF THE CONTRACT 1. This contract could be a