Chinese and foreign buyer credit contract

Borrower: ____________________________________

Address: ____________ Postal Code: ____________ Telephone: ____________

Legal representative: ____________ Position: ____________

Loan side: ____________________________________

Address: ____________ Postal Code: ____________ Telephone: ____________

Legal representative: ____________ Position: ____________

Article 1 Definition

1.1. “Loan”: The loan amount and liability of the lender under this contract.

1.2. “Withdrawal”: Under this contract, the lender informs the withdrawal of the amount of the loan to be paid to the seller by means of the withdrawal telegram sent by the payer through its designated bank.

1.3. “Responsibility Period”: The period from the date of signature of this contract to the date of use of the loan as stipulated in Article 5 of this contract.

1.4. "Interest Period":

From the date of the first withdrawal, that is, from the date of the first debit of the loan account, each period of 6 months is an interest period;

The end of the first interest period shall be the same as the date of the first withdrawal;

If there is no same day at the end of the period, it is the last business day of the month;

If the day is not a business day, it will be postponed to the next business day;

If the business day falls into the next month, it will be postponed to the next business day.

1.5. “Payment Date”: The last day of each interest period is the date on which the borrower pays interest, and the interest for the period is paid in real days.

1.6. “Repayment Date”: The date of the first interest payment date after 3 months from the date of termination of the commitment period, and the consecutive ________ interest payment date, which is the date on which the borrower repays the installment.

1.7. "US Dollar" US$: A freely drawn and freely convertible currency of the United States of America.

1.8. “Business Day”: The day when the banks of Beijing, London and New York are open for business, and at the same time the date of opening the market for the US dollar in the latter two places.

1.9. “Annual Base”: The interest calculation is based on 360 days.

1.10. "Month": calendar month.

1.11. "Day": calendar day.

1.12.________ Interbank loan interest rate "LIBOR": The second business day before the interest payment date, ________ time 11:00 am, between the commercial banks on the London European currency market reported by the designated reference bank 6 The monthly loan interest rate of the US dollar was notified to the loan and the borrower by telex on the same day by the Bank of China ________ branch.

Article 2 Trade contract

The Borrower hereby confirms that the following contract has been signed with the Seller on ________ in ________________________________ Contract number: ________ Amount: ________

The part made by China, which accounts for ________% of the total amount of the contract, ie ____

product name:________

Percentage of deposit plus cash: ________

delivery conditions:________

Article 3 Loan Amount

Pursuant to the above contract, the lender agrees to provide the borrower with a total amount of not more than ________ million dollars for the payment of ________% of the total amount of the above contract to the seller.

Article 4 Conditions for withdrawal

The borrower can withdraw funds after submitting the following files to the lender:

4.1 The organizer's rules and regulations, the financial report of the newly opened accountant visa in the most recent fiscal year includes the balance sheet and profit and loss calculation.

4.2 The government of the borrower's government will operate the borrower and sign the approval file for this contract.

4.3 The irrevocable letter of guarantee for the repayment obligation of the borrower issued by the guarantor when it is unable to repay the principal or interest of part or all of the loan.

4.4. A certificate issued by the foreign exchange administration of the country in which the borrower is located acknowledges that the authority understands the various liabilities of the borrower in this contract and uses the borrower to pay all foreign exchange licenses paid under this contract.

4.5 A bank certificate file provided by the borrower that has paid the deposit and the portion of the payment in accordance with the trade contract.

Article 5 Drawing a loan

5.1 The borrower receives from the bank designated by the borrower, the bill of exchange, invoice, and full set of shipping documents issued by the seller through the lender, within the period of not more than 30 days, The loan is sent to the seller by the designated bank to send the loan telegram to the seller.

5.2 Upon receipt of the above-mentioned credit card, the lender will pay the seller a debit loan account and obtain a receipt. The original copy is in duplicate.

5.3 The withdrawal period of this loan is as of ____________________________________________

Article 6 Loan account

6.1 The lender opens a loan account in the name of the borrower in its account book to record the amount of the principal, interest and repayment of all the lenders.

6.2 After the lender debits the loan account in accordance with Article 5, the lender sends a debit notice to the borrower, and the repayment schedule is accompanied by a copy of the seller's receipt. The contents of the repayment schedule are filled in accordance with the second and third paragraphs.

6.3 The lender credits the loan account when it receives the repayment of the borrower in accordance with Article 7 and or Article 8.

6.4 The debit balance of the loan account constitutes the official record of the lender's claim and the borrower's debt.

Article 7 Interest payment and repayment

7.1 The Borrower shall unconditionally pay off the debts in accordance with the provisions of this contract and shall not be affected by any actions of the seller and the seller under the Trade Contract.

7.2 The Borrower pays the lender's interest to the lender on the basis of the debit balance of the loan account on the 6-month LIBOR plus annual rate ________% reported by the reference bank notified by the Bank of China London Branch on each payment date.

7.3 If the borrower pays interest late, the interest rate during the late payment period will be calculated based on the LIBOR plus annual rate of 1%.

7.4 The borrower shall, within ________ years from the first repayment date, divide the total amount of the withdrawal represented by the loan account debit balance into ________ equal parts, and repay one installment amount semi-annually.

7.5 Each repayment of interest and interest, the borrower must pay the Bank of China ________ branch through the New York “Cash Exchange Interbank Payment System CHIPS” no later than 11:00 am New York time on the date of repayment and interest payment date. Credit the Bank of China's total behavior ________ account and tell the lender to credit the loan account.

7.6 Borrowings under this contract may be voluntarily repaid in advance in accordance with Article 8 of this contract.

Article 8 Voluntary early repayment

8.1 The Borrower may repay part or all of the principal and interest payable on the loan on any repayment date and interest payment date, but the borrower must notify the lender in writing or by telex at least 30 days in advance.

8.2 The principal repaid in advance shall be a multiple of ________ million USD and not less than ________ million USD.

8.3 The principal repaid in advance is limited to the amount of the installment of the number of countdowns on the repayment schedule.

8.4 Once the advance repayment notice is issued, it is irrevocable and the principal repaid in advance cannot be redrawn.

Article 9 Fees

9.1 Commitment fee: From the 90th day after the signing date of this contract, to the end of the commitment period, during which the borrower shall pay the loaner an annual rate of ________% based on the actual number of undrawn real days. Bear the fee.

9.2 Management Fee: The Borrower shall pay the Lender a one-time management fee of ____ % of the total amount of the loan, payable within ________ days after the date of signing this Agreement.

9.3 Credit insurance premium: The borrower shall pay the export credit insurance premium to the Chinese export credit insurance department through the lender within ________ days of the signing date of this contract.

9.4 Other expenses: In the event of an immediate repayment event as described in Article 11 of this contract, the Borrower agrees to compensate the Lender for the costs and losses incurred in maintaining its rights under this contract.

Article 10 Immediate repayment

In any of the following circumstances, the lender can immediately stop or cancel the loan to assume responsibility and immediately declare the debit balance of all loan accounts together with the unpaid interest and expenses payable immediately.

10.1 The Borrower shall not repay the loan principal, interest and other expenses of any period in accordance with the provisions of this contract.

10.2 Any representations and warranties in this contract prove to be incorrect or untrue, or the borrower cannot assume the responsibilities set forth in this contract, or the accidents can be remedied and the borrower receives The remedy was not effectively rectified within 30 days of the lender’s notice.

10.3 The letter of guarantee provided by the guarantor is cancelled, stopped, not executed for any reason, or has the opposite effect after the change.

10.4 Proofs issued by the foreign exchange administration of the country in which the borrower is located, canceled, stopped, not executed for any reason, or have the opposite effect after the change.

10.5 For any reason, the Borrower ceases to operate its business, so that the Lender cannot fulfill its debt service obligations, or the Lender proves that the Borrower cannot enforce the provisions of this contract for sufficient reasons.

Article 11 Changes in circumstances and modification and supplement of this contract

11.1 In the event that the relevant laws and regulations, regulations, changes or changes to the official instructions of the parties to the contract, and the modification of the trade contract, such that some or all of the terms of this contract cannot be continued, the parties shall immediately conduct sincere consultations on this contract. The relevant provisions are modified or supplemented in order to reach a condition acceptable to both parties so that the contract can continue to be executed.

11.2 If within 30 days, the parties cannot reach an agreement through negotiation, the lender has the right to declare that the full portion of the unpaid amount and interest payable under this contract will expire immediately. The Borrower shall settle all outstanding loan principal and interest within ________ days from the date of the announcement. Any loss caused by the lender caused by this shall be borne by the borrower.

11.3 The modification and supplement of this contract shall be signed by both the borrower and the lender before it can take effect.

Article 12 Arbitration

Any disputes under this contract shall be resolved through friendly negotiation.

If the above dispute cannot be settled by negotiation within ________ days from the date of the second paragraph of the Article 12, the two parties agree to submit the dispute to the ________ Arbitration Commission for arbitration.

The arbitration consists of three members:

One party is designated by the borrower;

One party is designated by the lender;

The third party is jointly designated by both parties. When the parties cannot reach an agreement on the designated third party member, the ________ arbitration chairman shall designate.

The decision of the Arbitration Commission is final and binding on both parties and cannot be contested or opposed. The Borrower hereby specifically waives any immunity from the confiscation of the property it has been accused of, and waives any right to grant itself or its property in addition to the execution of the sentence. The ruling can be notified to any court of competent authority.

Article 13 Other matters.

13.1 Notification method

All written notices required or issued must be done in one of the following ways:

Specialized delivery;

Telex and telegram;

An air letter that has been paid for registered postage;

The mailing address is:

Borrower: Full name of the company: ________________________

address:________________________

Representative: ____________

telex:____________

Telegraph registration: ____________

Lender: Bank Name: ____________

address:________________________

Representative: ____________

telex:____________

Telegraph registration: ____________

Both parties agree to change the above address by means of a quick communication method.

13.2 The contract takes effect. This contract shall become effective after it has been signed by both parties and shall be valid until the date of payment of all the principal and interest.

13.3 Text used in contract and communication

This contract is written in English.

There are communications and correspondence between parties involved in this contract written in ________.

lender:________________

Legal representative: ________________

____ year month day

Borrower:________________

Legal representative: ________________

____ year month day