Document:

Form of Guarantee Agreement for Short-term Loans

 Exhibit 10.7 
 English translation 
 For reference only 
 No.:              
 Guarantee Contract 
 (Guarantor as Legal Person or Other Entity) 
 Bank of Communications 
  

 1 

 No.:              
 Guarantee Contract 
 Important

 The Guarantor is advised to read carefully the entire text of this contract, especially those provisions marked with **. Please do not hesitate to
contact the Creditor for explanation to any questions that arise. 
 Guarantor: 
 Legal Representative (Responsible person): 
 Legal Address: 
 Correspondence Address:
                                        
                         
 Creditor: 
 Responsible person:
                                        
                         
 Correspondence Address: 
 WHEREAS, Changzhou Trina Solar Energy Co., Ltd. (hereinafter referred to as “the Debtor”) and the Creditor have
entered into the Loan Contract (No.:             ) (hereinafter referred to as “the Main Contract”), the Guarantor agrees to provide its guarantee over the
Creditor’s right under the Main Contract. 
 This Contract is entered into between the Guarantor and the Creditor after negotiation to clarify their
respective rights and obligations. 
 Article I Creditor’s Right to be Secured 
 The Guarantor shall secure the Creditor’s right over the principal under the Main Contract:
            (currency and amount in words); interest rate:             ; maturity date:
            . 
 Article II Obligations of Guarantee 
  

	 	II. 1	The guarantee under this Contract represents a joint and several liability. 

  

 2 

	 	II. 2	The scope of the guarantee covers the principal, interest, compound interest, penalty interest, default penalty, damages and expenses involved in enforcing the Creditor’s right
under the Main Contract. The expenses for enforcing the Creditor’s right include but are not limited to call expenses, litigation fees (or arbitration fees), storage fees, notice charges, execution fees, attorney’s fees, travel expenses
and other expenses. 

  

	 	II. 3	The term of guarantee shall be two years beginning from the maturity date of the last repayment installment. 

  

	 	  	The Debtor is entitled to fulfill his repayment obligation in installments under the Main Contract. The term of guarantee shall cover the repayment obligation of each individual
installment, and shall start from the maturity date of each repayment installment and end two years after the maturity date of the last installment. 

  

	 	  	The maturity date for repayment of monies related to establishing bill acceptance, letter of credit or letter of undertaking is the date of advance payment by the Creditor.

  

	 	  	If the Creditor requests all debts under the Main Contract to be repaid in advance, the advanced maturity date shall become the maturity date for repayment obligation.

  

	 	II. 4	In accordance with Article V of the Security Law of the People’s Republic of China, both parties to this Contract enter into the following special agreement: the effectiveness
of this Contract shall be independent from that of the Main Contract, and the invalidity of the Main Contract or its related provision(s) shall not affect the validity of this Contract. The Guarantor shall undertake a joint and several liability for
repayment or indemnity when the Main Contract becomes invalid. 

 **Article III Representations and Undertakings by the Guarantor 

 

	 	III. 1	The Guarantor is an independent civil entity duly incorporated and existing with a full capacity to enforce all essential rights, perform in his own name obligations under this
Contract, and undertake civil responsibilities. 

  

	 	III. 2	It is the true will of the Guarantor to sign and perform this Contract, and the Guarantor has obtained all the required consent, approval and authorization. There should not be any
legal mistake. 

  

 3 

	 	III. 3	All the documents, materials and information provided by the Guarantor to the Creditor in the course of execution and performance of this Contract are authentic, accurate, complete
and valid. 

 **Article IV Obligations of Guarantor 
  

	 	IV. 1	If any of the following occurs to the Debtor, the Guarantor shall unconditionally and immediately pay the Creditor all the overdue amounts for the Debtor: 

 

	 	1.	The Debtor does not repay as scheduled the loan principal and interest or monies drawn down for business financing including inward documentary bills, outward documentary bills,
outward collection financing, export invoice financing and packing credit; 

  

	 	2.	The Debtor does not repay in full as scheduled the amount the Creditor paid in advance for operations including establishing the letter of credit, bill acceptance and letter of
guarantee. 

  

	 	IV. 2	The Guarantor shall assist the Creditor in the supervision and inspection of the former’s business operation and financial status; he shall also provide, upon request by the
Creditor, all the financial statements, other materials and information and undertakes that the documents, materials and information provided are authentic, complete and accurate. 

  

	 	IV. 3	The Guarantor shall give the Creditor a written notice thirty days in advance in case of any of the following, and shall not take the following actions before the Creditor’s
right under the Main Contract is totally enforced unless consented to in writing by the Creditor: 

  

	 	1.	Sale, disposal as a gift, lease, loan, transfer, mortgage, hypothecation or disposal in some other manner of the major property, or all or most of the property;

  

	 	2.	Major change in the business operation or the corporate structure, including but not limited to contracting, leasing, joint venture, incorporation reform, shareholding reform, sale
of enterprise, merger (acquisition), joint operation (cooperation), divestiture, subsidiary formation, property right transfer, and capital reduction. 

  

 4 

	 	VI. 4	The Guarantor shall give a written notice to the Creditor within seven days when any of the following occurs: 

  

	 	1.	Amendment to Articles of Association; changes in business registration such as name of enterprise, legal representative, location, correspondence address or business scope; or
decisions which greatly affect financial affairs or human resources; 

  

	 	2.	Intention to apply for bankruptcy, or that the Creditor may or has applied for bankruptcy of the Debtor; 

  

	 	3.	Being involved in major legal action, or that property preservation or other coercive judicial measures have been taken on the principal property; 

  

	 	4.	The Debtor provides guarantee for a third party, resulting in materially adverse consequences on his financial situation or his ability to perform this Contract;

  

	 	5.	Entering into a contract that is of a material impact on his business operation and financial status; 

  

	 	6.	Cessation of production, going out of business, dissolution of business, suspension of business for regulatory measures, cancellation of business registration or revocation of
business license; 

  

	 	7.	Illegal activity/activities found with the legal representative (responsible person) or any of the major managerial staff; 

  

	 	8.	Serious difficulties in business, deterioration of financial situation or any other events that adversely affect the Guarantor in his normal business operation, financial status or
repayment ability. 

  

	 	IV. 5	Before the Debtor has fulfilled all its obligation to repay the Creditor as specified in the Main Contract, the Guarantor shall not exercise his right of recourse on the Debtor or
any other guarantors granted by this Contract. 

  

	 	IV. 6	The Guarantor shall still undertake the joint and several liability for the said guarantee if the Creditor and the Debtor amend the Main Contract. However, the Guarantor shall only
undertake its obligation of guarantee in accordance with the amount, currency, interest rate and term as specified in this Contract unless the Guarantor agrees in written consent to increase the amount, change the currency, increase the interest
rate for a non-legal reason, or extend the term of repayment. 

  

 5 

 **Article V Agreement on Deduction 
  

	 	V. 1	The Guarantor may authorize the Creditor to deduct from the balance in any of his deposit accounts at the Bank of Communications the overdue amount for repayment.

  

	 	V. 2	After the deduction, the Creditor shall inform the Guarantor of the account number involved in the deduction, the reference number of the Main Contract, the reference number of the
Contract of Guarantee, the amount deducted, and the balance of debt. 

  

	 	V. 3	If the deducted amount is found to be insufficient to repay all the debts of the Guarantor, it shall write off the fee due for the current installment and thereafter the following
prioritized items: 

  

	 	1.	In relation to business financing including inward documentary bills, outward documentary bills, outward collection financing, export invoice financing and packing credit, if the
principal and interest are overdue for less than 90 days, the balance of deducted sum shall write off any overdue interest, penalty interest and compounded interest and thereafter any unpaid principal; if the principal and interest are overdue for
more than 90 days, the balance of deducted sum shall write off any unpaid principal and thereafter any overdue interest, penalty interest and compounded interest. 

  

	 	2.	In relation to operations such as bill acceptance, issuing the letter of credit and letter of guarantee and export bill advance, the balance of deducted sum shall write off any
unpaid principal and thereafter any overdue interest, penalty interest and compounded interest. 

  

	 	V. 4	Should the currency of the amount deducted be different from that of the debt to be repaid, the exchange rate as promulgated by the Bank of Communications upon the date of deduction
shall form the basis of conversion. 

 Article VI Dispute Resolution 
  

	 	  	Any dispute arising from this Contract should be resolved by the first of the following options. During the course of dispute, the parties concerned shall continue to perform the
terms that are not involved in the dispute. 

 1. Legal action at the court of a local jurisdiction where the
Creditor is located. 
 2. Application for arbitration with
                         Arbitration Commission in accordance with their arbitration rules effective at the time of
application. The arbitral award shall be final with a binding effect upon both parties concerned. 
 Article VII Miscellaneous 
  

	 	**VII. 1	The Creditor shall have the right to report to the relevant authority and make it public in the mass media if the Guarantor dodges the supervision by the Creditor, delays repayment
of debt under the guarantee, or ill-intentionally avoids the debt. 

  

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	 	VII. 2	The Guarantor has read carefully the Main Contract, and has confirmed and accepted all the provisions therein. 

  

	 	VII. 3	This Contract shall come into effect upon the signature (or seal) by the legal representatives (responsible persons) or authorized representatives of both parties, with their
respective common seals affixed hereto. 

  

	 	VII. 4	This Contract is executed in four original counterparts. Each of the Guarantor, the Creditor and the Debtor shall hold one counterpart. 

 Article VIII Other Items Agreed On 
  

	 	**VIII. 1	The relationship between the Creditor and the Guarantor in the main contract shall be of the second type at the time of execution of this agreement. (1) The Creditor in the
main contract is a shareholder or an “effective controlling person”, as defined in Corporate Law, of the Guarantor; (2) the Creditor in the main contract is not a shareholder or an “effective controlling person”, as defined in
Corporate Law, of the Guarantor. 

  

					
		 	The Guarantor has read all the above provisions; the Creditor has made the corresponding explanations in response to the request by the Guarantor; and the Guarantor has no objection to all
the particulars of this Contract.	 	

  

			
	Guarantor (Common Seal):	  	Creditor (Common Seal):
		
	Changzhou Fulai Real Estate	  	Changzhou Branch New District Sub-Branch,
	Development Co., Ltd. (Seal)	  	Bank of Communications (Seal)
		
	Legal Representative (Responsible Person) or	  	Responsible Person or Authorized
	Authorized Representative	  	Representative
	(Signature or Seal):	  	(Signature or Seal):
		
	                         (Seal)	  	                         (Seal)
		
	Date Signed:                         	  	Date Signed:                         

  

 7 

 Schedule 
  

													
	 No.
	 	 Date of Agreement
	 	 Amount
	 	 Purpose
	 	 Term
	 	 Interest Rate
	 	 Guarantor

							
	1	 	September 9, 2006	 	RMB80.0 million	 	working capital	 	September 29, 2006 to September 29, 2007	 	0.561% per month	 	Changzhou Jiuzhou Fuyuan Property Development Co., Ltd. and Changzhou Jiuzhou Plaza Property Development Co., Ltd.
							
	2	 	November 21, 2006	 	RMB60.0 million	 	working capital	 	November 21, 2006 to October 21, 2007	 	0.561% per month	 	Changzhou Jiuzhou Fuyuan Property Development Co., Ltd. and Changzhou Jiuzhou Plaza Property Development Co., Ltd.

  

 8Form of Short-term Loan Agreement

 Exhibit 10.8 
 English translation 
 For reference only 
 Loan Contract 
 Agricultural Bank of China 

 Loan Contract 
 No.                          
 Borrower (Full Name): Changzhou Trina Solar Energy Co., Ltd. 
 Lender (Full
Name): Changzhou Branch New North District Sub-Branch, Agricultural Bank of China 
 Pursuant to the relevant laws and regulations of People’s Republic
of China, both parties agree to enter into this Contract after negotiation. 
 Article I
           Loan 
  

	 	1.	Type of Loan:                         ;

  

	 	2.	Purpose of Loan: For purchase of silicon chips, silicon raw materials and cell chips; 

  

	 	3.	Currency and Amount of Loan (in words):
                        . 

  

	 	4.	Term of Loan: 

  

	 	1.	Refer to the Following for Term of Loan: 

  

	 	  	Granting of the loan:                         ;

  

	 	  	Maturity of the loan:                         

  

	 	2.	Should the loan amount, the date of commencement and/or maturity as specified in this Contract be found inconsistent with those as recorded in the loan certificate, the latter shall
prevail. The loan certificate forms an integral part of this Contract and are of equal legal effect. 

  

	 	3.	If the loan under this Contract is a foreign currency loan, the Borrower shall repay the principal and the interest of the loan in the original currency. 

 

	 	5.	Interest Rate 

  

	 	  	The interest rate for RMB loan shall be determined by the second of the following methods: 

  

	 	1.	Floating Interest Rate 

 The loan interest rate shall be,
on the basis of the basic interest rate, by         % upward/downward, the annual agreed interest rate shall be         %. The basic interest rate base for
a loan under five years (inclusive of five years) is the current basic interest rate for RMB loans as promulgated by the People’s Bank of China. The basic interest rate for a loan over five years is the basic interest rate for RMB loans as
promulgated by the People’s Bank of China plus             (in words) percentage point(s). 

 The interest rate is adjusted every
            (in words) month(s). In case of an adjustment of the basic interest rate for RMB loans as promulgated by the People’s Bank of China, the Lender shall, beginning from
the corresponding date of loan of the first month after the following week of the adjustment of the said basic interest rate, decide on a new agreed interest rate on the basis of the basic interest rate of the corresponding level after the said
adjustment as well as the above-named calculation method, with no separate notice to be given to the Borrower. If the adjustment date of the basic interest rate and the loan granting date or the corresponding date of the first- month loan of the
said cycle fall on the same date, the agreed interest rate shall be determined from the date of the adjustment of the basic interest rate. Should there be no corresponding date of loan, the last day of the said month shall be the corresponding date
of loan. 
  

	 	2.	Fixed Interest Rate 

 The loan interest rate shall be, on
the basis of the basic interest rate, by         % upward, the annual agreed interest rate being         % till the maturity date of the
loan. The basic interest rate for a loan under five years (inclusive of five years) is the current basic interest rate for RMB loans as promulgated by the People’s Bank of China. The basic interest rate for a loan over five years is the basic
interest rate for RMB loans as promulgated by the People’s Bank of China plus              (in words) percentage point(s). 
 The interest rate for foreign currency loans shall be determined according to the
             of the following methods: 
 1.
             (in words) month(s)              (LIBOR/HIBOR) +
        % interest difference form a              (in words) month(s) floating loan interest rate. LIBOR/HIBOR is the loan interest
rate adopted by the London/Hong Kong trade market for the corresponding term of two business days prior to the date of settlement of interest as published by the Reuter. 
 2. The agreed interest rate is         %, until the maturity date of loan. 
 3. Other method                         . 
  

	 	6.	Payment of Interest 

 The interest for the loan under this Contract shall be paid on a monthly basis on the 20th day of each month. If the date of repayment of the last installment of the principal does not fall on the interest payment date, the unpaid interest shall be paid with the last installment of principal at a daily interest rate
equivalent to one-thirtieth of the monthly interest rate. 

 Article II The Lender shall have the right to withhold the loan unless all of the following conditions are satisfied:

  

	 	1.	The Borrower has established the principal account with the Lender; 

  

	 	2.	The Borrower has provided the relevant documents and materials as required by the Lender and accomplished all the legal formalities; 

  

	 	3.	In case that the loan under this Contract is a foreign currency loan, the Borrower shall undergo the relevant formalities, approval or registration as well as other formalities as
required by law; 

  

	 	4.	If the loan under this Contract is guaranteed with a mortgage or pledge, the Borrower shall complete the relevant legal formalities, registration and/or insurance as required by the
Lender. The said security and insurance shall remain to be valid. If the loan under this Contract is based on a guarantee, the relevant Guarantee Contract has been entered into and become effective. 

 Article III Rights and Obligations of the Lender 
  

	 	1.	The Lender is entitled to know the production and operation, financial activities, material storage and usage of the loan of the Borrower. The Lender is also entitled to demand the
Borrower to regularly provide documents, materials and information including financial reports and statements. 

  

	 	2.	The Lender may withhold the granting of the loan or demand the prepayment of the loan, in case of an act or circumstance on the part of the Borrower that may impair the security of
the loan. Such act or circumstance includes but is not limited to those as described in Clauses 7,8 and 10 under Article 4 of this Contract. 

  

	 	3.	The Lender may directly deduct from any account of the Borrower the loan principal, the interest, the penalty interest, the compound interest and other amount payable by the
Borrower which are to be repaid or prepaid as agreed on in this Contract. 

  

	 	4.	If the amount paid by the Borrower proves to be insufficient to cover all indebtedness under this Contract, the Lender may choose to use such payment to pay off the principal,
interest, penalty interest, compound interest or other expenses as due. 

  

	 	5.	If the Borrower fails to perform the obligation of repayment, the Lender may disclose the default by the Borrower to the public. 

  

	 	6.	The Lender shall timely grant the loan amount to the Borrower and in the full amount as specified in this Contract. 

 Article IV Rights and Obligations of the Borrower 
  

	 	1.	The Borrower is entitled to receive and use the loan in accordance with this Contract. 

  

	 	2.	Matters with regard to settlement and deposit related to the loan under this Contract shall be handled through the account as agreed on in Article II of this Contract.

  

	 	3.	If the loan under this Contract is in foreign currency, the relevant legal formalities, including approval and registration, shall be completed in accordance with the pertinent laws
and regulations. 

	 	4.	The Borrower shall repay the principal and interest under this Contract as scheduled. For an extension of the loan term, the Borrower shall apply in writing to the Lender 15 days
prior to the maturity date of the loan, and sign, after the approval of the extension by the Lender, an extension agreement with the Lender. 

  

	 	5.	The Borrower shall not use or embezzle the loan under this Contract for any purpose other than that as specified in this Contract. 

  

	 	6.	The Borrower shall provide, on a monthly basis, authentic, complete and valid financial statements and other relevant data and information to the Lender, and shall actively assist
the Lender in the supervision of the production and business operation, financial activities of the Borrower and the use of the loan amount under this Contract by the Borrower. 

  

	 	7.	The Borrower shall give the Lender a written notice in advance, if the Borrower intends to contract, lease, reform its stockholding system, co-managing, merge or acquire, start a
joint venture, perform transfer, apply for cessation of business operation, apply for dissolution of business, apply for bankruptcy and proceed to any other activity that may cause the change of indebtedness under this Contract or impair the
enforcement of the rights of the Lender. With the consent by the Lender, the Borrower shall also fulfill the responsibility related to the repayment of the debt or settle the debts prematurely, before conducting any of the above-named activities.

  

	 	8.	In case of any circumstances other than those described in the preceding clause, such as the cessation of production, going out of business, cancellation of business registration or
revocation of business license, illegal activity involved in by the legal representative or senior management staff, major litigation or arbitration, serious difficulties in production and business or deterioration of financial situation, which may
adversely affect the performance of the Borrower’s repayment obligation under this Contract, the Borrower shall notify the Lender immediately in writing and make specific arrangement for the settlement of its indebtedness as acceptable to the
Lender. 

  

	 	9.	If the Borrower intends to provide a guarantee for a third party or to provide a mortgage or pledge for a third party with its major asset, he shall give the Lender a written notice
to that effect and obtain the relevant consent from the Lender, provided that such provision of guarantee or mortgage or pledge may affect the ability of the Borrower to repay the loan under this Contract. 

  

	 	10.	The Borrower and its investor(s) shall not withdraw their assets, transfer their assets or transfer their shares arbitrarily to avoid their debt(s) to the Lender.

  

	 	11.	The Borrower shall notify the Lender promptly in writing of any change in the name, legal representative, address or business scope of the Borrower. 

  

	 	12.	The Borrower shall provide other security acceptable to the Lender in case the guarantor of the loan under this Contract loses part or all of the ability to undertake the guarantee
of the loan due to cessation of production, dissolution of business, cancellation of business registration, revocation of business license, insolvency, or the collateral, mortgage or pledged rights are damaged or depreciated.

  

	 	13.	The Borrower shall undertake all the expenses under the Contract and the expenses related to the guarantee under the Contract, including legal consultation service charges,
insurance, transportation, appraisal expenses and registration charges, storage fees, evaluation fees, and notarization costs. 

 Article V Pre-repayment 
 If the Borrower intends to pre-repay the loan amount, he shall obtain the consent of the Lender. If the Lender has consented to the pre-repayment by the Borrower, the interest for the pre-repaid amount shall be
calculated according to the first of the following two options: 
  

	 	1.	To be calculated according to the loan term and the agreed interest rate in accordance with this Contract; 

  

	 	2.	To be collected by         % upward on the basis of the agreed interest rate in accordance with this Contract according to the actual
loan term. 

 Article VI Event of Default 
  

	 	1.	If the Borrower fails to repay in full the loan principal and the interest as agreed in this Contract and causes damages to the Lender, the Borrower shall pay a penalty to the
Lender according to the loan amount overdue and the number of days delayed. The penalty shall be calculated in a same way as that for the overdue loan interest for the installment of repayment. 

  

	 	2.	If the Borrower fails to repay in full the loan principal as scheduled in this Contract, the Lender shall charge a penalty interest on the overdue loan amount, which is fifty
percent upward on the basis of the agreed interest rate as agreed in this Contract, beginning from the overdue date until the principal and the interest are paid. If, during the overdue period, the basic interest rate for the current RMB loan is
promulgated by the People’s Bank of China to be adjusted upward, the penalty interest rate for a RMB loan shall be adjusted accordingly from the date of the adjustment of the basic interest rate. 

  

	 	3.	If the Borrower fails to use the loan for the purpose as specified in this Contract, the Lender shall charge a penalty interest on the improperly-applied loan amount, which is one
hundred percent upward on the basis of the agreed interest rate as agreed in this Contract, beginning from the date of improper use of the said loan until the principal and the interest are paid. 

  

	 	4.	The Lender shall charge a compound interest over the overdue interest in accordance with the relevant provisions as stipulated by the People’s Bank of China. Overdue interest
includes that (inclusive of the penalty interest on improper use of loan) resulted during the loan period and that (inclusive of the penalty interest on overdue repayment and penalty interest on improper use of loan) resulted after the defaulted
repayment of loan. A compound interest shall be charged on the overdue interest resulted during the loan period on the basis of the agreed interest rate for the loan during the loan period as agreed in this Contract, and beginning from the maturity
date of the loan, the compound interest rate shall be calculated on the basis of the interest rate for an overdue loan. A compound interest on the overdue interest over the overdue loan amount shall be calculated on the basis of the interest rate
for an overdue loan. 

  

	 	5.	In case the Borrower violates any obligations as specified in this Contract, the Lender is entitled to cease the granting of the loan, demand pre-repayments of the loan, declare an
immediate maturity of the loan amount under any other loan contract signed between the Borrower and the Lender, or take any other security measures. 

	 	6.	In case any of the guarantors for any loan amount under this Contract have acted in violation of the obligations as specified in the Guarantee Contract, the Lender is entitled to
cease the granting of loan, demand pre-repayments or the loan or take any other security measures. 

  

	 	7.	If the Borrower has defaulted and caused the Lender to take legal action or arbitration to realize his Creditor’s right, the Borrower shall undertake the attorney’s fees,
travel expenses and other expenses which the Lender has incurred during the realization of the creditor’s right. 

 Article VII Security

 The security for the loan under this Contract shall take the form of a guarantee, and the Guarantee Contract shall be signed separately. If
the maximum amount guarantee is adopted, the reference number of the Guarantee Contract is                         .

 Article VIII Dispute Resolution 
 Any dispute
arising from this Contract should be resolved in accordance with the first of the following options. 
  

	 	1.	Legal action at the court of jurisdiction over the area where the Lender is located; or 

  

	 	2.	Application for arbitration with              Arbitration Commission in accordance with their arbitration rules
effective at the time of application. 

 During the course of dispute, the parties concerned should continue to perform the
terms that are not involved in the dispute. 
 Article IX Miscellaneous 
 Article X Effectiveness 
 This Contract shall come into effect beginning from the date this Contract is signed or sealed by the both
parties. 
 Article XI Number of Counterparts of this Contract 
 This Contract shall be executed in three counterparts and each shall be held by the Borrower, the Lender, and the Guarantor. All the counterparts shall have the same legal effect. 

 Article XII Note: 
 The Lender has reminded the Borrower of a complete and accurate understanding of all the printed provisions of this Contract and has made, upon the request of the Borrower, corresponding explanations over the relevant provisions under this
Contract. Both parties to this Contract have reached an agreed understanding of the meanings and implications of this Contract. 
  

			
	Borrower (Signature or Seal):	  	Lender (Signature or Seal):
		
	                         (Seal)	  	                         (Signed)
		
	Changzhou Tianhe Solar Energy Co., Ltd.	  	Changzhou Branch, New North District Sub-branch, Agricultural Bank of China
		
	                         (Seal)	  	                         (Special Seal for Loan Contract)
		
	Legal Representative (Responsible person) or	  	Responsible person or Authorized
	Authorized Representative	  	Representative
	(Signature or Seal):	  	(Signature or Seal):
		
	                        (Signed)	  	                         (Seal)

  

	
	Date Signed:                         
	
	Location Signed: Changzhou

 Schedule 
  

											
	 No.
	  	 Date of Agreement
	  	 Amount
	  	 Term
	  	 Interest Rate
	  	 Guarantor

						
	1	  	February 13, 2006	  	RMB 16.0 million	  	February 13, 2006 to February 13, 2007	  	6.138% per annum	  	Changzhou Fulai Property Development Co., Ltd.
						
	2	  	May 18, 2006	  	RMB 30.0 million	  	May 18, 2006 to May 18, 2007	  	6.435% per annum	  	Changzhou City Hengtai Investment Guarantee Co., Ltd.
						
	3	  	September 30, 2006	  	RMB 50.0 million	  	September 30, 2006 to March 30, 2007	  	6.138% per annum	  	Changzhou Fulai Property Development Co., Ltd.
						
	4	  	February 22, 2006	  	RMB 10.0 million	  	February 22, 2006 to February 22, 2007	  	6.138% per annum	  	Changzhou Fulai Property Development Co., Ltd.
						
	5	  	February 22, 2006	  	USD 2.5 million	  	February 22, 2006 to November 22, 2006	  	6.04% per annum	  	Changzhou Fulai Property Development Co., Ltd.
						
	6	  	March 13, 2006	  	RMB 20.0 million	  	March 13, 2006 to March 13, 2007	  	6.138% per annum	  	Changzhou Fulai Property Development Co., Ltd.
						
	7	  	April 28, 2006	  	RMB 14.0 million	  	April 28, 2006 to April 28, 2007	  	6.435% per annum	  	Changzhou Fulai Property Development Co., Ltd.

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