Credit Facilities Agreement Translation

“Trade finance” includes, but is not limited to: international/domestic accreditation, import invoice advance, shipping guarantee, import invoice for pickup, packaging credit, export invoice purchase, export negotiation, export invoice for collection, import/export financing, credit insurance financing, factoring, invoice guarantee. 4.2 If the base rate of the RMB loan is not published when using a loan under this Agreement due to a change in the relevant national guidelines, the interest rate of the drawdowns immediately preceding it will be applied to that loan. Where the loan prime rate (LPR) is mandatory for the loan under this Agreement due to a change in the relevant national guidelines, Part A and Part B shall adjust the applicable interest rate after friendly negotiations, provided that Party A ensures that the adjusted applicable interest rate is not higher than the interest rate set out in clause 4.1 above. If a loan under this Agreement may be subject to a lower interest rate due to a change in national policy on the matter or a change in domestic credit market prices, Party B may negotiate with Party A the application of such a lower loan interest rate. 7.8 The facility loan in its application for use complies with the law and regulations and is not used to invest in fixed assets or equity; for speculation on securities, futures or negotiable immovable property, in breach of the rules; for the granting of credit to third parties to obtain illicit income; in sectors or for purposes prohibited by the State, or for purposes other than those referred to herein or in specific trade agreements; 6.1.2 Party A has the right to request Party B to provide materials relating to their use; If, when the import credit operation is carried out, an advance on the import invoice is made a posteriori under the same credit, the import credit and the advance on the import invoice shall be considered at different stages to be the same body used. In other words, in the case of import advances, entities restored after payment by accrediting person are used in advance in the import invoice and are considered to be the same facility used under the original import credit. In the event that Party B fails to pay its debts to Party A on the due date, all reasonable costs incurred by Party A for the realization of its creditor`s right, such as attorneys` fees, procedural costs, travel expenses, announcement costs and delivery costs, borne exclusively by Part B, and Part B authorize Party A to debit these fees directly from the Party B bank account opened with Party A. In the event of a shortfall, Party B shall ensure that, after receipt of the notification from Part A, it will fully compensate for the irregularity, provided that Party A provides appropriate evidence. 9.2.7 provide the Schufa with information relating to the breach and failure of Part B, as provided for by laws and regulations, while Part B is informed of the filing; In the event that Party B is unable to repay a loan under this Agreement when it matures and intends to extend the term of the loan, Party B shall submit a written request to Party A one month before the maturity date of the loan and, subject to the review and approval of Part A, Part A and Part B shall sign a separate renewal contract.

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