n;

（3） the borrower suffer difficulties and bad result in financial and operation;

（4） the borrower involves in material actions or arbitration;

10. the borrower shall keep sufficient balance for repayment prior [***] to the due date.

11. the borrower shall keep its bank transactions regarding income collection, sell foreign currency or buy foreign currency ect. shall be conducted at the lender or other branches of the lender. the turn-over for the capital shall satisfy the demand of the lender;

iii. the borrowers representations and warrants hereunder this contract shall be effective even though any mendment, supplements or revised to be made to this contract.

article 12 representations and warrants of the lender

i. the lender represents and warrants as follows:

1. the lender is a state-owned commercial bank or branch duly organized and validly existing under the law of p.r.c and approved by the industry and commercial administration and holds the financial institutions legal person licenses and financial institutions operation license to be qualified to operate financial business.

2. the lender has taken all necessary action to authorize the execution of this contract and performance of its obligations under this contract. the lender is duly authorized to extend this loan.

ii. the lender warrants as follows:

1. the lender shall extend the loan in accordance with the provisions set forth in this contract.

2. collect interests in accordance with the regulations of the peoples bank.

article 13 events of breach contract and settlement:

i. settlement of the borrower breach of contract

1. event of breach of contract:

（1） the borrower fails to use the loan in accordance with the agreed usage of the loan;

（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;

（3） the borrower breaches the representation and warrants set forth in article 11.

（4） the borrower breaches other loan agreements or guaranty agreements or the guarantor breach the guaranty agreement which may make impact the borrower to perform the obligations under this contract.

（5） conclusive evidence to show that the borrower lose the capacity of credit or during performance of the obligation under this contract, the financial co

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