【正文】 s the lender to transfer the loan money to the accounts of the following transaction objects which confirm to the purpose agreed in the present contract when the conditions for loan release are met. The payment condition is that the borrower offers transaction contracts or other related transaction materials and certificates and the lender examines and approves them. The act that the borrower authorizes the lender to pay the loan money to the accounts of the following transaction objects means the borrower’ s payment authorization. The above said payment act of the lender is the money withdrawal of the borrower: (4) . If the borrower is not yet able to determine the specific transactions object information when signing the present contract, then the borrower shall file an Application Form for Payment by the Lender upon Authorization (see the annex for its format) to the lender 3 working days prior to the payment date after the conclusion of the present contract, and the lender will pay the loan money to the borrower’ s transaction objects according to the amount applied for payment after the examination and approval of the lender. The payment condition is that the borrower offers transaction contracts or other related transaction materials and certificates and the lender examines and approves them. The act that the borrower authorizes the lender to pay the loan money to the accounts of the following transaction objects means the borrower’ s payment authorization. The above said act of the lender’ s payment to the borrower’ s transaction objects according to the borrower’ s application for payment is the money withdrawal of the borrower. □ Method of payment by the borrower himself It means that the lender directly releases the loan money to the borrower’s account according to the borrower’ s application for money withdrawal and then the money will be paid by the borrower himself to the borrower’s transaction objects which meet the purpose agreed in the present contract. That is, the borrower authorizes the lender to transfer the loan money to the account No. / passbook No. / card No. account opened by the borrower at the place of the lender when the conditions for loan release are met, and then, the money will be paid by the borrower himself to the borrower’s transaction objects which meet the purpose agreed in the loan contract. The above said transfer act of the lender is the money withdrawal of the borrower. The borrower promises that, the borrower will regularly report to the lender or inform the lender of the information on the payment of the borrower’ s loan money. If the lender still cannot release the loan under the present contract upon expiry of 90 days after the signature of this contract due to the reasons of the borrower, the lender will have the right to unilaterally terminate this loan contract. Any disputes with others, arising out of the borrower’ s using the loan money after the release of the loan, will have nothing to do with the lender, and this loan contract shall be normally executed. Article 5 Repayment For the loan period is less than one year (inclusive of one year), one of the following repayment methods can be selected (please select it by ticking the appropriate box): □ Repayment of the principal and interest in a lump sum upon its expiry, with the interest to be paid off together the principal (see Article 2 of the present contract for the method for interest calculation). □ Repayment of interest by installment, and repayment of the principal in a lump sum upon its expiry (interest per period = the remaining loan principal at the beginning of the period interest rate per period). □ is made on schedule on the basis of taking every 2 months as a period, then here shall be filled in with “2”, and the number filled in shall not be more than 12 months)。 if the loan period covers full year (month) and remnant days, the interest of the part of full year (month) shall be calculated as per yearly (monthly) interest rate, and the interest of the remnant days shall be calculated according to the actual number of days. The formula of putation is as follows: For the full year and full month: Interest = principal period (the number of year(s) or month(s)) yearly or monthly interest rate。 if the loan period es to the pletion of month, the interest shall be calculated as per monthly interest rate。 for the pledge act requiring handling with registration procedures according to the law, the registration has been pleted. A pulsory notarization has been processed by the notarization office approved by the lender for the present contract and the guarantee documents related with the present contract as well as other files (if the lender requires). The borrower has opened a bank account for money withdrawal, interest payment, expense payment, repayment and etc. as required by the lender. Other conditions proposed by the