Loan Contract(Forex 1)

Loan Contract(Forex 1)

Fixed assets foreign exchange lending contract

Loan account number:

Borrower:                            

lender:                            

According to the approved project approved by the essay, the required funds are applied by the borrower, and the lender reviews and agrees to issue foreign exchange loans. Both parties agree to sign this contract in accordance with the provisions of the Regulations on Loan Contracts issued by the State Council and to abide by them.

Article 1 Loan amount: USD 10,000 (or other equivalent foreign currency), including interest payable of USD 10,000.

Article 2 Term of the loan: In the year, the principal and interest of the loan shall be repaid from the date of the first use of the remittance.

Article 3 Loan interest rates and methods of collection: 1. According to the annual rate of the lender’s head office, the interest rate is floated once or 2. Performed at a rate that is floating once a year as determined by the lender or 3. Executed at the preferential interest rate set by the lender's head office, currently at or 4. According to the lender's self-operated pooled loan interest rate, the loan interest is charged once, and the settlement date is (recovery or deducted from the deposit account).

Article 4 Use of Loan: The principal of this loan is limited to the payment of fees. It must be earmarked for special purposes and may not be used for other purposes without the consent of the lender. The interest payable portion is limited to repay the interest due on the loan and no other payment is allowed.

Article 5 Use of Loans: Within three months from the date of signing the contract, the lender shall submit an order card and sign a trade contract within five months from the date of the order card. A copy of the trade contract must be sent to the lender for external issuance and payment. In case of special circumstances, it is necessary to postpone the order, and the lender should agree in advance. If the borrower fails to submit the order card and sign the trade contract according to the above requirements, the lender has the right to cancel the loan.

Article 6 Use Plan: According to the progress of the project, the withdrawal period of this loan is from year to year, and the annual use plan is as follows:

         10,000 US dollars; 10,000 US dollars; 10,000 US dollars.

The lender allows the borrower to adjust the usage plan according to the actual situation. The withdrawal period is due and the loan is not used. If the borrower and the borrower have no agreement, the borrower may not continue to use the loan.

Article 7 Loan Repayment: The lender repays the loan by adding foreign exchange earning and profits, depreciation or other funds. The Borrower guarantees to repay the loan within the loan period stipulated in this contract according to the following plan:

         10,000 US dollars; 10,000 US dollars; 10,000 US dollars.

If the loan project realizes the benefits ahead of time, the borrower should repay the loan in advance; if the annual repayment plan cannot be realized, the borrower should propose an adjustment repayment plan before the end of the year, and the lender agrees, otherwise the lender will handle the loan default; The borrower cannot repay the loan on time. At the latest, 15 days before the loan due date, the applicant should submit a written extension application to the lender. At that time, the lender can make a handling opinion according to relevant regulations. If the loan is overdue or the lender disagrees with the extension, a 20% penalty will be added from the date of expiration.

In order to facilitate the repayment, the borrower should open a repayment reserve account at the lender, and deposit the RMB funds for repayment, and then repay the repayment of the loan after the foreign exchange quota is implemented.

The relevant import and export settlement business under this loan shall be referred to through the Bank of China Import and Export Business Department.

Article 8 Repayment guarantee: The principal and interest of the loan under this contract shall be the guarantor of the borrower, and the guarantor shall issue a letter of guarantee to the lender as an integral part of the contract, once the borrower fails to repay the loan on time. The principal and interest, after the lender sends a written notice, the guarantor unit shall be responsible for the repayment of principal and interest. The insurance company issues a letter of guarantee as an integral part of this contract. Once the borrower fails to repay the principal and interest of the loan on time, the lender will be responsible for the repayment of principal and interest upon written notice from the lender.

Article 9 Insurance Matters: In order to avoid losses that may occur due to natural disasters or accidents during the loan period, the borrower shall insure the relevant insurance institutions for the foreign exchange property insurance of imported equipment under the loan, and transfer the insurance rights to the name of the lender until When the full loan principal and interest are paid off, the insurance premium can be paid under this loan.

Article 10 Breach of contract and breach of contract

(1) The following circumstances are the default of the borrower:

1. The borrower failed to pay the loan and repay the principal and interest according to the contract.

2. Change the use of the loan or use it for other purposes without the consent of the lender.

3. Without the consent of the lender, the borrower privately resells the equipment purchased with this loan.

4. The borrower violates other terms of this contract.

(2) According to the breach of contract, the lender has the right to take the following measures:

1. Cancel the loan that the borrower has not used.

2. A penalty of up to 50% is imposed on some loans for breach of contract.

3. Free the borrower's deposit at the lender and recover the loan.

4. Recourse to the loan guarantor for the loan.

5. When the borrower and the guarantor fail to perform the contractual repayment obligation, the lender has the right to actively repay the loan item from the borrower and the guarantor in each financial unit deposit account.

6. Take other necessary means until the claim pays the unpaid loan principal and interest and expenses.

Article 11 Change and Cancellation of Contract: If the national plan and related budget estimate on which the contract is based are approved or modified by the plan issuing authority, the contract may be changed or cancelled.

Article 12 Entry into force of the contract: This contract shall become effective after being signed and sealed by both parties. There are four copies of this contract, and each party holds two copies. If there are other unsuccessful matters in this contract, the parties further agree on the supplementary terms.

Article 13 Settlement of Disputes: If there is a dispute in the performance of this contract, the two parties shall resolve the dispute through negotiation; if the negotiation fails, the parties may choose:

1. Apply to the economic contract arbitration institution for arbitration;

2. File a lawsuit in the people's court.

Borrower (seal) Lender (seal)

Corporate leader Bank manager

Financial officer