Document:

exv4w19

Exhibit 4.19

LOAN CONTRACT

(General M&E Products and High-Tech Products)

(Export Seller’s Credit)

(2010) Jin Chu Yin (Jing Xin He) Zi No. Ji 006

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 

	Chapter 1
	 	Amount, Purpose and Term of the Loan

	 	 	2	 
	 	 	 
	 	 	 	 
	Chapter 2
	 	Interest Rate and Interest Calculation and Collection

	 	 	2	 
	 	 	 
	 	 	 	 
	Chapter 3
	 	Drawdown, Release and Disbursement of the Loan

	 	 	3	 
	 	 	 
	 	 	 	 
	Chapter 4
	 	Representations, Warranties and Covenants of the Borrower

	 	 	5	 
	 	 	 
	 	 	 	 
	Chapter 5
	 	Participation of Agent

	 	 	8	 
	 	 	 
	 	 	 	 
	Chapter 6
	 	Repayment of the Loan

	 	 	9	 
	 	 	 
	 	 	 	 
	Chapter 7
	 	Events of Default and Handling

	 	 	10	 
	 	 	 
	 	 	 	 
	Chapter 8
	 	Amendment to Contract

	 	 	12	 
	 	 	 
	 	 	 	 
	Chapter 9
	 	Set-off, Transfer and Waiver

	 	 	12	 
	 	 	 
	 	 	 	 
	Chapter 10
	 	Governing Law and Dispute Resolution

	 	 	12	 
	 	 	 
	 	 	 	 
	Chapter 11
	 	Miscellaneous

	 	 	13	 
	 	 	 
	 	 	 	 
	Exhibit I
	 	Form of Drawdown Notice
	 	 	 	 

 

 

This Loan Contract (Export Seller’s Credit for General M&E Products and High-Tech Products)
(Contract No.: (2010) Jin Chu Yin (Jing Xin He) Zi No. Ji 006) (this “Contract”) is
executed on August 12, 2010 by and between:

Borrower: Baoding Tianwei Yingli New Energy Resources Co., Ltd. (the “Borrower”)

	 	 	 	 	 

	Legal Representative: 

Address:

	 	Qiang Ding
 

3055 Fuxingzhong Road, High-tech Industrial Development Zone, Baoding
 

	 	  
	Post Code: 

Telephone:

	 	071051
 

0312-8929795
 

	 	  
	Bank:

	 	Tianwei West Road Sub-branch, China Construction Bank Corporation
 

	 	 
	Account Number:

	 	13001665608050500212
 

	 	 
	 
	 	 	 	 
	Lender: The Export-Import Bank of China (the “Lender”)	 	 
	Legal Representative:

	 	Ruogu Li
 

	 	 
	Address:

	 	30 Fuxingmennei Street, Xicheng District, Beijing
 

	 	 
	Post Code:

	 	100031
 

	 	 
	Telephone:

	 	010-64099624
 

	 	 
	Facsimile:

	 	010-64099542
 

	 	 

WHEREAS:

     The Borrower has submitted an application to the Lender for an export seller’s credit facility
with respect to the export of certain high-tech products (the “Products”). After examination, the
Lender agrees to make such loan upon the terms and conditions hereof.

     The Lender hereby authorizes Beijing Branch of the Export-Import Bank of China to be
responsible for the disbursement and recovery of, and all matters relating to the management of,
the Loan hereunder. All acts made by Beijing Branch of the Export-Import Bank of China for
the purpose of the disbursement, recovery, supervision and management of the Loan hereunder shall
be deemed as the acts of the Lender.

     In order to define the rights and obligations of the Lender and the Borrower, pursuant to the
Contract Law of the People’s Republic of China and the relevant laws and regulations, the parties
hereby agree to enter into this Contract through consultation.

     In
this Contract, with respect to any clause marked with “ ̈”, please tick “a”
 (if
selected) or “×” (if not selected).

1

 

Chapter 1 Amount, Purpose and Term of the Loan

          Article 1 Subject to the terms and conditions of this Agreement, the Lender agrees to grant to
the Borrower an export seller’s credit facility in an aggregate amount not exceeding
¥1,000,000,000.00 Million (in word: Renminbi One BillionYuan) (the “Loan”).

          Article 2 In accordance with the relevant financial policies of the People’s Bank of China and
the provisions of the Administrative Rules of The Export-Import Bank of China on the Export
Seller’s Credit for High-Tech Products, the Loan hereunder shall be used exclusively for the
financing of the export of the Products by the Borrower. Without the prior written consent of the
Lender, the Borrower shall not change the purpose of the Loan hereunder.

          Article 3 The term of the Loan hereunder shall be twenty four (24) months, commencing from the
first drawdown date and ending on the final repayment date of the Loan (the “Term”).

Chapter 2 Interest Rate and Interest Calculation and Collection

          Article 4 The interest rate applied to the Loan in Renminbi under this Contract is determined
in accordance with the interest rate for export seller’s credit facility specified by the People’s
Bank of China, and shall be determined on a quarterly basis. The interest rate per annum for the
first quarter hereunder shall be the interest rate for the export seller’s credit of equivalent
class as at the first drawdown date. The interest rate per annum determined for each quarter
thereafter upon expiration shall be on the interest rate for the loan of equivalent class specified
by the People’s Bank of China.

          Article 5 Interest shall accrue under this Contract from the actual drawdown date of the
Borrower, and shall be calculated based on the actual drawdown amount and actual number of days
elapsed and a year of 360 days.

          Article 6 If any Renminbi Loan under this Contract is unpaid when due and payable, a default
interest at the rate of fifty percent (50%) higher than the loan interest rate set forth in Article
4 hereof shall be collected by the Lender from the overdue date thereof, until the date on which
the Borrower has repaid the overdue Loan in full.

          Article 7 If any Renminbi Loan under this Contract is misappropriated, a default interest at
the rate of one hundred percent (100%) higher than the loan interest rate set forth in Article 4
hereof shall be collected by the Lender from the misappropriation date thereof, until the date on
which the act of

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misappropriation of the Loan by the Borrower has been rectified in full.

          Article 8 The Borrower shall open a Renminbi settlement account and/or current account foreign
exchange account and/or foreign exchange loan special account and foreign exchange loan repayment
special account (“Designated Account”) with the Lender. The transfer of the funds under the Loan
and the repayment of the principal and interest shall be conducted through such account.

          The interest on the Loan shall be calculated and collected by the Lender in Renminbi on a
quarterly basis. The Borrower shall pay the interest to the Designated Account by the
21st of the last month of each quarter. In the event that the Borrower fails to pay any
interest when due, a compound interest shall be calculated and collected by the Lender on such
unpaid interest during the Term at the rate set forth in Article 4 hereof on a quarterly basis;
provided, however, that if the Borrower fails to pay any interest on the overdue or
misappropriated Loan, a compound interest shall be calculated and collected at the default interest
rate for the overdue or misappropriated loan.

Chapter 3 Drawdown, Release and Disbursement of the Loan

          Article 9 The Borrower shall utilize the Loan by submitting a drawdown notice in the form of
Exhibit I hereto, the borrowing certificate and the relevant documents and materials required by
the Lender in advance. Upon examination and approval by the Lender, it may make the Loan to the
Borrower.

          The duplicate copies of the foregoing documents should be certified by the authorized
signatory of the Borrower as true, complete and valid by way of signature and affixed with the chop
consistent with the specimen chop of the Borrower.

          Article 10 The Borrower shall further satisfy the following conditions in order to utilize the
Loan:

          1. The Borrower has opened the relevant accounts as required by the Lender;

          2. The Guarantee Contract set forth in Chapter 7 has become effective, the relevant
registration or delivery procedures have been performed, and the guarantee has become valid.

          Special provisions:

	 	 	 	 	 

	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 

	 	 	 	(None)
	 

	 	 

	 	 

3

 

          Article 11 The drawdown period for the first drawdown by the Borrower of the Loan hereunder
shall be three (3) months (commencing from the effective date hereof). If there is no drawdown
within the period set forth above, the Lender shall have the right to cancel the Loan in its
entirety hereunder until this Contract is terminated.

          Article 12 Subject to the satisfaction of terms and conditions of Articles 9,10 and 11
described above and other terms and conditions set forth herein, the Lender will, on the drawdown
date set forth in the drawdown notice, based on the amount of the Loan fund set forth therein,
release the fund by remitting such amount to the account designated in the drawdown notice. Such
release shall constitute the debt of the Borrower hereunder.

          Direct payment by the Borrower shall be used for any single payment of the Loan fund hereunder
not exceeding RMB 10 Million (inclusive) (or other currency calculated by taking into account the
mid-rate between such currency and RMB published by the People’s Bank of China on the drawdown date
of the Borrower). Entrusted payment by the Lender shall be used for any single payment exceeding
RMB 10 Million (inclusive) (or other currency calculated by taking into account the mid-rate
between such currency and RMB published by the People’s Bank of China on the drawdown date of the
Borrower).

          “Direct payment by the Borrower” set forth above shall mean the direct payment of the “Loan”
fund by the Borrower to its counterpart in compliance with the purpose set forth in this Contract
upon disbursement of the Loan fund by the Lender to the Borrower’s account pursuant to the drawdown
notice.

          “Entrusted payment by the Lender” shall mean the payment of the Loan fund by the Lender
through the Borrower’s account to the Borrower’s counterpart in compliance with the purpose set
forth in this Contract, as instructed by the Borrower’s drawdown notice.

          The Borrower shall provide the records and materials in connection with the use of the Loan
funds in a timely manner. In the course of the release and disbursement of the Loan, the Borrower
shall not avoid entrusted payment by the Lender by breaking up the whole into parts in violation of
the provision set forth above, otherwise, the Lender shall have the right to change the payment
method to entrusted payment by the Lender for all Loan funds unreleased hereunder, or directly stop
the release and disbursement of the Loan, and take other remedies for breach set forth herein.

          In the course of the release and disbursement of the Loan, upon occurrence of any of the
following circumstances on the part of the Borrower, the Lender shall negotiate with the Borrower
to set additional conditions for the release and

4

 

disbursement of the Loan, or directly stop the release and disbursement of the Loan:

          1. downgrading of creditworthiness;

          2. decrease in profitability of main business;

          3. abnormal use of loan funds.

          Special provisions:

	 	 	 	 	 

	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	(None) 

Chapter 4 Representations, Warranties and Covenants of the Borrower

          Article 13 The Borrower represents and warrants to the Lender as follows:

	 	1.	 	It is an enterprise legal person duly established and validly existing in
accordance with law with independent legal person status;
	 
	 	2.	 	It has full qualification and right to enter into and perform its obligations
under this Contract;
	 
	 	3.	 	It has carefully read and fully understood and accepted the content of this
Contract. It has voluntarily agreed to execute and perform this Contract, and all of
its expressions of intent are true;
	 
	 	4.	 	The execution of this Contract and performance of its obligations hereunder
by the Borrower do not conflict with any other agreement executed by it or its
articles of association;
	 
	 	5.	 	The execution of this Contract by the Borrower has been authorized by all
necessary corporate action. This Contract has been executed by the Borrower’s duly
authorized representative and is binding on it.
	 
	 	6.	 	All documents, materials, statements and certificates provided by it to the
Lender for the Loan hereunder are true, complete, accurate and valid;
	 
	 	7.	 	The Borrower has not concealed any of the following events:

	 	(1)	 	Material violation by the Borrower of any law or regulation
by or related to the Borrower, or any claim being contested against

5

 

	 	 	 	or related to the Borrower;
	 
	 	(2)	 	Material breach by the Borrower of any contract with any
other creditor;
	 
	 	(3)	 	Material obligation borne by the Borrower or any mortgage
or pledge provided to a third party by the Borrower;
	 
	 	(4)	 	Pending lawsuit or arbitration related to the Borrower;
	 
	 	(5)	 	Division, consolidation, merger, being merged,
restructuring, reorganization or being reorganized to be a joint stock
company, or any disposal of its title by way of leasing, contracting,
association or trusteeship related to the Borrower; and
	 
	 	(6)	 	Any other event which may have an effect on the financial
status of the Borrower and its debt repayment ability.

	 	8.	 	The Borrower hereby confirms that it is fully aware that Beijing
Branch of the Export-Import Bank of China has been authorized by the Lender to be
responsible for the disbursement and recovery of, and all matters relating to the
management of, the Loan. The Borrower and the Lender shall be bound directly by this
Contract.
	 
	 	 	 	Special provisions:

	 	 	 	 	 

	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	(None) 

          Article 14 The Borrower covenants and warrants to the Lender that it shall complete the
following within the Term:

	 	1.	 	it shall provide the Lender with the latest financial statements on a quarterly
basis, and the audited financial statements of last year by the end of April of each
year; upon demand by the Lender from time to time, it shall provide documents and
materials such as reports and statements in relation to (including, but not limited to)
its operation and financial condition, and shall be responsible for the truthfulness,
accuracy and validity thereof;

6

 

	 	2.	 	It shall submit to the Lender materials regarding the disbursement and use of the
Loan funds hereunder, export of the Products and other relevant materials on a quarterly
basis;
	 
	 	3.	 	It shall accept the credit investigation and supervision by the Lender and the
Agent, such as loan disbursement management and post lending follow up management, and
provide full assistance and cooperation;
	 
	 	4.	 	It will open a bank account with the Lender or a bank designated by the Lender
for the receipt and payment of the funds for the Products (the “Designated Account”),
and the funds in such account shall be used exclusively for such purpose; the Lender
shall have the right to accelerate the maturity of the Loan in accordance with the
Borrower’s actual situation of capital recovery;
	 
	 	5.	 	Prior to the full payment of any principal of and interest on the Loan and other
sums payable hereunder, it shall obtain the Lender’s prior written consent before any
decrease of its registered capital, change in material title, adjustment of its
operation mode, including, but not limited to:

	 	(i)	 	entering into any equity or cooperative joint venture
contract with any foreign investor or any partner from Hong Kong, Macau or
Taiwan;
	 
	 	(ii)	 	making investment or substantially increasing debt
financing;
	 
	 	(iii)	 	close-down, suspension of production, production switch,
division, consolidation, equity investment, merger or being merged;
	 
	 	(iv)	 	restructuring, reorganization or being reorganized to be a
joint stock company;
	 
	 	(v)	 	any equity participation or investment in any joint stock
company or limited liability company in the form of fixed assets (such as
buildings, machines and equipment) or intangible assets (such as trademarks,
patents, know-how and land use right);
	 
	 	(vi)	 	any disposal of its title by way of leasing, contracting,
association or trusteeship.

	 	6.	 	It shall obtain the Lender’s consent before providing any debt guarantee,
mortgage, pledge or other form of security which would have an effect on the
creditor’s right to payment of the Lender;

7

 

	 	7.	 	In the event of any material adverse effect which could affect the ability to
pay debts, it shall promptly notify the Lender;
	 
	 	8.	 	It shall handle the relevant settlement procedure hereunder with the bank
designated by the Lender;
	 
	 	9.	 	It shall not distribute any dividend to its shareholders in any form in the
event of any failure to pay any principal of or interest on the Loan or other sum
payable hereunder when due;
	 
	 	10.	 	In the event that any event of default set forth in Chapter 8 of this
Contract occurs or is likely to occur, it shall immediately notify the Lender within
three (3) days after becoming aware of such occurrence or likely occurrence, and take
reasonable and timely remedial actions against such event.
	 
	 	11.	 	The Borrower shall not change the purpose of the loan, nor use any fund of
the Loan in any fixed asset or equity investment, or any production or operation field
or purpose prohibited by the State.
	 
	 	 	 	Special provisions:

	 	 	 	 	 

	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	(None) 

Chapter 5 Participation of Agent

          Article 15 In order to secure the exclusive use and punctual repayment of the Loan hereunder,
the Lender entrusts Baoding Branch of the Industrial and Commercial Bank of China and
Shijiazhuang Branch of China CITIC Bank to act as its agent under this Contract (the “Agent”).
The Lender shall enter into an entrustment agreement (the “Entrustment Agreement”, Agreement No.:
(2010) Jin Chu Yin (Jing Xin Dai) Zi No. Ji 006A and (2010) Jin Chu Yin (Jing Xin Dai) Zi No.
Ji 006B with the Borrower and the Agent separately. The Borrower shall comply with and perform
its obligations under this Contract, and shall also be bound by the Entrustment Agreement.

          Article 16 The Lender will entrust the Agent with the responsibilities of the disbursement of
the Loan, supervision of the use of the Loan and

8

 

prompt transfer of the export settlement funds of the Borrower to the Designated Account for
repayment of the Loan to the Lender.

Chapter 6 Repayment of the Loan

          Article 17 The Borrower may repay the principal of the Loan hereunder in one or more
installments in the original currency within the Term set forth herein; provided,
however, that the Borrower shall repay the Loan in its entirety prior to the last bank
business day (inclusive) of the Term.

          The portion of the Loan that has been repaid hereunder may be utilized in a recycling manner.
The Borrower shall submit to the Lender a drawdown notice in the form of Exhibit I hereto and the
relevant documents and materials required by the Lender in advance pursuant to Chapter 3 hereof,
and may utilize the Loan in a recycling manner upon the Lender’s examination and approval. The
Borrower shall repay the recycled Loan in its entirety prior to the last bank business day
(inclusive) of the Term.

          Article 18 The Borrower hereby authorizes the Lender to transfer promptly by itself or through
the Agent the export settlement funds of the Borrower to the Designated Account for repayment of
the Loan; provided, however, that if the amount of such funds is not enough to
repay the current principal, the Borrower shall have the obligation to make such payment from its
own funds.

          Article 19 The Borrower shall be permitted to utilize the Loan in a recycling matter with a
utilization term not less than three (3) months. If the Borrower makes any prepayment prior to the
expiration of such utilization term, it shall submit an application in writing to the Lender ten
(10) business days in advance and obtain the consent from the Lender. The Lender shall have the
right to require the Borrower to pay a commitment fee for such prepayment. The calculation formula
for the loan commitment fee in Renminbi shall be as follows: Commitment Fee=Amount of
Prepayment×Days of Prepayment×0.05‰. The calculation formula for the loan commitment fee
in foreign exchange shall be as follows: Commitment Fee=Amount of Prepayment×Days of
Prepayment×1%/360. In the event that the Borrower fails to pay the commitment fee promptly as
required by the Lender, it shall pay a penalty in accordance with the relevant formula.

          Article 20 In the event that the Borrower applies for an extension of the Loan, the Borrower
shall submit to the Lender a written application for such extension and the relevant materials
(including, but not limited to, the written confirmation of the guarantor for the extension of the
Loan) at least thirty (30) business days prior to the maturity date of the Loan. Upon examination
and approval by the Lender, the Borrower shall enter into an extension agreement for the Loan with
the Lender separately.

9

 

          Article 21 The Borrower shall complete the relevant sections of the remittance certificate for
repayment as required by the Lender (including, but not limited to, the contract number of this
Contract).

Chapter 7 Events of Default and Handling

          Article 22 Any of the following events shall constitute an event of default under this
Contract:

	 	1.	 	The Borrower fails to pay any principal or interest when due and payable
pursuant to provisions of this Contract;
	 
	 	2.	 	The Borrower fails to use the Loan for the purpose set forth herein or fails
to pay the Loan funds in the manner set forth herein;
	 
	 	3.	 	The Borrower fails to draw the Loan as provided herein;
	 
	 	4.	 	The Borrower is in breach of the relevant provisions of the Entrustment
Agreement with respect to the Borrower;
	 
	 	5.	 	Any representation or warranty made by the Borrower under this Contract or
any representation or warranty made by the guarantor under the relevant guarantee
contract proves to be incorrect or misleading;
	 
	 	6.	 	The Borrower or the guarantor is in breach of any covenant made in this
Contract or the relevant guarantee contract;
	 
	 	7.	 	The Borrower or the guarantor is in material breach of any other contract to
which it is a party;
	 
	 	8.	 	The operation or financial status of the Borrower or the guarantor materially
deteriorates;
	 
	 	9.	 	Any collateral or pledge relating to the Loan hereunder depreciates or is
destroyed or lost;
	 
	 	10.	 	No repayment arrangement or debt restructuring satisfactory to the Lender has
been made in case of any merger, division or joint stock system reform of the Borrower
or the guarantor;
	 
	 	11.	 	The Borrower or the guarantor is or becomes bankrupt, dissolved, closed down
or cancelled;

10

 

	 	12.	 	The Borrower fails to notify the Lender of the following events promptly:

	 	(i)	 	any material change in the export of its Products or
failure to realize its Products export plan in whole or in part;
	 
	 	(ii)	 	any amendment to its articles of association or any
substantial change in its business activities;
	 
	 	(iii)	 	any material amendment to its accounting principles;
	 
	 	(iv)	 	any material change in the financial, economic or other
status of it or any of its subsidiaries or its parent (including any
litigation, arbitration or administrative proceeding involving the Borrower
which may have a material adverse affect on its financial condition or its
ability to perform its obligations in accordance with this Contract).

	 	13.	 	The Borrower or the guarantor is breach of any other provision of this
Contract or the guarantee contract.

          Article 23 The Lender shall determine whether or not an event of default described above has
occurred and notify the Borrower thereof. Upon the occurrence of any event of default set forth
above, the Lender shall be entitled to take one or more of the following actions:

	 	(i)	 	request the Borrower to cure such breach within a set period of time;
	 
	 	(ii)	 	cancel the amount of the Loan unutilized by the Borrower;
	 
	 	(iii)	 	declare all outstanding Loan to be immediately due, and require the Borrower
to immediately repay all outstanding principal of and interest on the Loan and other
sums payable;
	 
	 	(iv)	 	require the Borrower to procure additional or replacement guarantee(s),
collateral or pledge;
	 
	 	(v)	 	deduct directly any amount not paid by the Borrower when due hereunder
(including, but not limited to, the principal of and interest on the Loan) from any
account in any currency maintained by the Borrower with any branch in or out of China
of the Agent or any other bank; or
	 
	 	(vi)	 	declare to exercise or realize any right under the relevant guarantee
relating to the Loan.

11

 

Chapter 8 Amendment to Contract

          Article 24 Any amendment or supplement to any provision of this Contract shall be made in
writing, and come into effect upon the joint execution and affixation of company chops by each of
the Borrower and the Lender subject to the conditions agreed herein. Any amendment or supplement
to this Contract shall constitute an integral part of this Contract.

          Article 25 If any provision of this Contract becomes invalid as a result of any change in any
State law or regulation or any jurisdictional reason, the validity of the remaining provisions of
this Contract shall not be affected. The parties shall cooperate with each other closely to modify
the relevant provision of this Contract as soon as possible.

Chapter 9 Set-off, Transfer and Waiver

          Article 26 The Borrower shall pay the sum payable by it in full pursuant to the provisions of
this Contract, without any set-off or counterclaim.

          Article 27 The Borrower may not transfer any of its rights or obligations under this Contract
to any third party without the prior written consent of the Lender.

          Article 28 Any tolerance, extension, privilege or delay granted by the Lender to the Borrower
in connection with the performance of the obligations hereunder shall not affect, jeopardize or
restrict any right and interest of the Lender in accordance with this Contract, laws and
regulations, and it shall neither be deemed as a waiver by the Lender of its rights and interests
hereunder nor affect the performance by the Borrower of any of its obligations hereunder.

Chapter 10 Governing Law and Dispute Resolution

          Article 29 This Contract shall be governed by the laws of the People’s Republic of China.

          Article 30 Any dispute or controversy arising out of the performance of this Contract or in
connection with this Contract shall be resolved by the parties through consultation. If no
settlement can be reached through consultation, either party shall have the right to bring an
action before a People’s Court of competent jurisdiction in Beijing in accordance with law. The
parties hereby agree that any action arising out of or in connection with this Contract shall be
brought in the People’s Court of Beijing of competent jurisdiction.

12

 

Chapter 11 Miscellaneous

          Article 31 The drawdown notice in the form of Exhibit I hereto and other exhibits as jointly
confirmed by the parties shall constitute an integral part of this Contract with the same legal
validity as this Contract.

          Article 32 Where the context admits, any party referred hereunder shall include their
respective successors and permitted assigns.

          Article 33 Special provisions:

          In addition to the interest on the Loan set forth herein, a management fee representing
1.5% of the Loan amount shall be charged to the Borrower for the Loan. The total amount of the
management fee shall be RMB30,000,000, and shall be paid on a quarterly basis with RMB3,750,000 for
each quarter, to be paid by the Borrower to the Account by the 21st of each month. During the Term
of the Loan, we have the right to reevaluate the credit rating of your company at any time (with no
restriction on the sequence of such reevaluation). If the credit rating of your company determined
by us cannot satisfy the guarantee-free credit facility conditions as then required by us, we shall
be entitled to take any one or more of the following actions: (i) adjust or cancel your
guarantee-free line of credit, (ii) request you to take additional guarantee measures acceptable to
us, including, but not limited to, guarantee, mortgage, pledge; and (iii) declare all outstanding
guarantee-free loans to be immediately due, and request the Borrower to immediately repay all
outstanding principal of and interest on the guarantee-free loans and all other sums payable.

          Article 34 This Contract shall come into effect upon execution by the parties and affixation
of company chops, and shall automatically become null and void upon repayment of all the principal
of and interest on the Loan and other sums payable hereunder.

          Article 35 This Contract is made in two originals and two counterparts; the Lender and the
Borrower each shall keep one original, and the Lender and the Agent each shall keep one
counterpart.

Borrower: Baoding Tianwei Yingli New Energy Resources Co., Ltd. (Company Chop)

Legal Representative (Signature)

(or Authorized Representative)

13

 

Lender: The Export-Import Bank of China (Company Chop)

Legal Representative (Signature)

(or Authorized Representative)

14exv4w30

Exhibit 4.30

Credit Facility Agreement

No: Ji-08-2010-025

Party A: Baoding Tianwei Yingli New Energy Resources Co., Ltd.

Number of Business License: 130000400000845

Legal Representative/Person-in-Charge: Ding Qiang

Domicile: 3055 Fuxingzhong Road, High-tech Industrial Development Zone, Baoding

Postcode: 071000

Opening Bank and Bank Account: Tianwen Xi Road Sub-branch, Baoding City, China Construction Bank

Company Limited; 13001665608050500212

Tel: 0312-8929730

Fax:0312-8929705

Party B: Baoding Branch, Bank of China Company Limited

Legal Representative/Person-in-Charge: Su Yanfeng

Domicile: 2 Dongfeng Xi Road, Baoding

Postcode: 071000

Tel: 0312-3336728

Fax: 0312-3336732

For the purpose of furthering friendly and mutually beneficial cooperation ties, pursuant to the
principles of voluntariness, equality, reciprocal benefit and good faith, and upon mutual
consultation and agreement, Party A and Party B hereby enter into the following:

Article 1 Scope of Operations

Party B shall grant to Party A credit facilities in accordance with the provisions hereof, subject
to compliance with this Agreement and relevant individual agreements and Party A may apply to Party
B to utilize such credit facilities on a revolving, accommodative, or one-off basis in connection
with the handling of RMB Export Finance Operations, Letter of Guarantee Operations and other credit
facility grant operations (“Individual Credit Facility Operations”).

For the purpose hereof, the term “Export Finance Operations” includes the issuance of an
international L/C or a domestic L/C, provision of bank guarantee for the taking delivery of goods;
import bill advances, packing finance, export bill purchases, discounting of drafts accepted under
usance L/C, domestic L/C buyer bill advances, domestic L/C seller bill purchases, domestic L/C
negotiation and other international and domestic trade finance operations.

 

 

For the purpose hereof, the term “Letter of Guarantee Operations” includes the issuance of letters
of guarantee/standby L/Cs and various international and domestic letter of guarantee operations.

Article 2 Types and Amounts of Credit Facilities

Party B agrees to provide the following credit facilities to Party A:

Type of Currency: RMB.

Amount: Seven Hundred Million (RMB700,000,000.00)

Such aggregate facility breaks downs as follows (by type and amount):

1. Export finance facility RMB640,000,000.00, of which:

(a) Packing loan facility : RMB50,000,000.00

(b) Rongyida seller finance and exporter discounting facility: RMB540,000,000.00

(c) Other export finance products: RMB50,000,000.00

2. Letter of guarantee facility: RMB60,000,000.00, of which:

Performance guarantee and quality guarantee facilities: RMB60,000,000.00.

Article 3 Utilization of Credit Facilities

3.1 During the term of utilization of the credit facilities hereunder, Party A may to the extent
of the respective limits of the respective Individual Credit Facility Operations utilize relevant
credit facilities as follows:

On a revolving basis. The specific types of credit facilities to which such utilization shall apply
include the export finance facilities and the letter of guarantee facilities.

If Party A needs to utilize the foregoing credit facilities on an accommodative basis, Party A
shall file a written request with Party B; Party B shall determine whether and how to provide such
accommodative utilization and shall notify Party A in writing accordingly.

3.2 The balance of credit facilities incurred as of the date hereof by Party A with Party B on the
basis of any previously effective credit facility agreement or similar agreement or separate
agreements thereunder shall be deemed to have been incurred hereunder, and any such balance
utilizing a credit facility shall be deemed to have utilized the credit facility hereunder.

3.3 Unless otherwise provided herein, the handling of the following operations will not result in
any utilization of the credit facility hereunder:

 

 

(1) export bill purchase operations where documents are consistent with L/C terms;

(2) bill purchase or finance operations handled on reliance of drafts or amounts under an export
L/C or domestic L/C which is acceptable to Party B and which has been accepted by, or has received
payment commitment from, or has been acknowledged for payment, or has been confirmed by, the
issuing bank or confirming bank;

(3) where Party A is capable of providing security deposits, treasuries, certificates of deposits
issued by Party B, or such bank’s acceptances, letters of guarantee or standby L/Cs as are
acceptable to Party B, the relevant credit facility amount covered by such security will not result
in any utilization of the credit facility hereunder; or

(4) other operations which do not utilize the credit facility hereunder, as may be separately
confirmed in writing by the parties.

Nonetheless, while such operations will not result in any utilization of the credit facility
hereunder, the agreements underlying such operations shall, unless otherwise stated therein, remain
part of their respective individual agreements hereunder and shall constitute an integral part of
and be bound by this Agreement.

Article 4 Agreements to be Signed in Connection with the Handling of Individual Credit Facility
Operations

When Party A applies to Party B for the handling of any Individual Credit Facility Operation
hereunder, Party A shall provide Party B with the relevant application and/or the relevant
contract/agreement entered into with Party B(“Individual Agreement”).

Article 5 Term of Utilization of Credit Facilities

The term of utilization of the credit facilities set out in Article 2 shall begin on the date
hereof and end on January 5, 2011.

If, upon expiry of the credit facility utilization term referenced in the foregoing clause, Party B
continues to provide credit facilities upon mutual agreement, the parties may enter into a written
supplementary agreement, which shall specify the limits of new credit facilities, their term of
utilization, etc. Such supplementary agreement shall constitute an integral part of this Agreement
and shall have the same legal force and effect as this Agreement, provided that any matters not
covered thereunder shall be governed by this Agreement.

Expiry of the credit facility utilization term hereunder shall not affect the legal force of this
Agreement and shall not constitute a cause to terminate this Agreement. Party A and Party B shall
continue to perform, pursuant to this Agreement and relevant Individual Agreements, any Individual
Credit Facility Operation already handled hereunder and any rights and obligations already incurred
hereunder.

 

 

Article 6 Conditions Precedent to the Handling of Individual Credit Facility Operations

When handling an Individual Credit Facility Operation, Party A shall at the request of Party B
satisfy the following conditions:

1. to provide Party B for its keeping corporate files, documents, seals and relevant personnel name
lists and signature specimens related to the entry into this Agreement and the Individual Agreement
and to complete relevant certificates;

2. to open an account required for the handling of the Individual Credit Facility Operation;

3. to validly create the security arrangements specified under this Agreement and the Individual
Agreement;

4. to satisfy other conditions precedent to the handling of such operation as specified in the
Individual Agreement;

5. Other conditions which, in the opinion of Party B, are required to be met by Party A.

Article 7 Security

The parties agree that the indebtedness of Party A to Party B, all as incurred under this Agreement
and any Individual Agreement, shall be secured by the following:

Creditworthiness.

If, (i)Party A or a security provider becomes the subject of an event which, in the opinion of
Party B, may affect Party A’s or the security provider’s ability to perform relevant contracts, or
(ii) relevant security contracts become void or are revoked or terminated, (iii) Party A or the
security provider suffers a material deterioration in their financial conditions, or is involved in
material litigation or arbitration cases, or their ability to perform contracts is otherwise
affected, (iv) the security provider defaults under the security contract or any other contract
between it and Party B, (v) the security subject-matter depreciates, or is damaged, destroyed or
seized, and thus its value as security declines or is lost, Party B shall be entitled to request
Party A to, and Party A shall be obligated to, provide new security or a guarantor replacement to
secure the indebtedness hereunder.

 

 

Article 8 Representations and Warranties

Party A represents as follows:

(1) It is a legally registered and legally existing entity, with full capacity for civil rights
and acts requisite for the entry into and performance of this Agreement;

(2) Execution and performance of this Agreement and Individual Agreements are based on its true
expression of intent, have obtained lawful and valid authorizations as required by its articles of
association or other internal governance documents and are not in breach of any agreement, contract
or other legal documents binding upon it; and Party A possesses or will be possession of all
relevant approvals, consents, filings or registrations required for the execution and performance
of this Agreement;

(3) All documents, financial statements, vouchers and other information provided by Party A to
Party B hereunder are true, complete, accurate and valid;

(4) The transactions underlying Party A’s application to Party B for the handling of relevant
operations are genuine and lawful and are not targeted at money laundering or other illicit
purposes;

(5) Party A has not concealed from Party B any event which may affect the financial condition and
contract performance ability of it or security providers.

Party A warrants as follows:

(1) It will at the request of Party B regularly or timely provide Party B with its financial
statements (including without limitation annual, quarterly and monthly statements) and other
relevant information;

(2) It will accept and cooperate with the inspection and supervision by Party B on its utilization
of credit facilities and relevant production and operating activities and financial activities;

(3) If Party A and any security provider hereto enter into a counter security contract or a similar
contract in respect of the security obligations of the latter, such contract will not prejudice any
rights of Party B hereunder.

(4) Party A will timely notify Party B of any event which may affect the financial condition and
contract performance ability of Party A or security providers, including without limitation any
form of division, combination or joint operation, equity joint venture or cooperation joint venture
with foreign investors, contracting out of operations, restructuring, shareholding system
revamping, proposed IPO or other changes to its operating model; reduction of registered capital,
transfer of material assets or equity interests or assumption of material indebtedness; creation of
new material indebtedness on security
 subject-matters, or seizure of security

 

 

subject-matters;
dissolution, cancellation or voluntary (involuntary) filing of bankruptcy petitions; or involvement
in material litigation or arbitration cases.

(5) If a matter is not covered by this Agreement or any Individual Agreement, Party A agrees that
it shall be handled in accordance with relevant rules and business practices of Party B.

Article 9 Intragroup Related Parties of Party A and Disclosure of Related Party Transactions

The parties agree that the following provisions shall apply:

Party A, being a group client as determined by Party B in accordance with the Risk Management
Guidelines for Commercial Banks on their Credit Facility Operations with Group Clients, shall,
pursuant to Article 17 of the aforesaid guidelines, timely provide to Party B information on
related party transactions representing over 10% of its net assets, including the related party
relationship of the parties to such transactions, the specific project and nature of such
transactions, the amounts or relevant percentages of such transactions, and relevant pricing
policies (including transactions without any amount of payment or with only a symbolic amount of
payment).

Article 10 Events of Default and Their Handling

Any of the following shall constitute or be deemed an event of default of Party A under this
Agreement and the relevant Individual Agreement:

(1) Party A fails to perform its payment and full repayment obligations to Party B in accordance
with this Agreement or the Individual Agreement;

(2) Party A fails to apply the funds obtained hereunder to specified purposes in accordance with
this Agreement or the Individual Agreement;

(3) Party A’s representations under this Agreement or the Individual Agreement are untrue or in
breach of any of its warranties hereunder or thereunder;

(4) An event set out in Item 4, Paragraph 2 (warranties) of Article 8 hereof occurs and such
event, in the opinion of Party B, is likely to affect the financial condition and contract
performance ability of Party A or a security provider, and Party A fails to provide new security or
a guarantor replacement in accordance with this Agreement;

(5) Party A ceases its operation or becomes the subject of an event of dissolution, cancellation,
or bankruptcy;

 

 

(6) Party A is in breach of other provisions of this Agreement and the Individual Agreement
governing the rights and obligations of the parties;

(7) Party A is in default under other contracts between it and other entities of Party B or Bank
of China Company Limited; or

(8) A security provider is in breach of the provisions of the relevant security contract or is in
default under other contracts between it and other entities of Party B or Bank of China Company
Limited.

If any event of default set out in the foregoing provision occurs, Party B shall be entitled to
adopt separately or concurrently any of the following measures:

(1) to request Party A or the security provider to remedy their breach within a set time;

(2) to reduce, suspend or terminate in whole or in part the credit facilities granted to Party A;

(3) to suspend or terminate in whole or in part the processing of the applications filed by Party
A in respect of relevant operations under this Agreement, the Individual Agreement, or any other
agreement between Party A and Party B; to suspend or terminate, in whole or in part, the
disbursement or processing of undisbursed loans or yet-to-be processed trade finance or letter of
guarantee operations;

(4) to declare full or partial acceleration of outstanding loans, the principal and interest of
trade finance funds and letter of guarantee advances and other amounts payable under this
Agreement, the Individual Agreement or other agreements between Party A and Party B;

(5) to terminate or dissolve this Agreement, or terminate or dissolve in whole or in part the
Individual Agreement or other agreements between Party A and Party B;

(6) to demand Party A to indemnify for losses suffered by Party B as a result of such breach;

(7) to deduct, by ex ante or ex post notice, the funds in the account(s) opened by Party A with
Party B to satisfy all or part of Party A’s indebtedness to Party B; any unmatured funds in
relevant accounts shall be deemed to have matured on an accelerated basis; if the currency of the
accounts of Party A differs from the currency in which Party B’s relevant operations are
denominated, the then current exchange rate applied by Party B to exchange settlement shall be
adopted for the conversion;

 

 

(8) to exercise secured rights in rem;

(9) to demand security providers to assume their guarantee liabilities; and

(10) to take other measures deemed necessary by Party B.

Article 11 Reservation of Rights

Neither failure by a party to exercise part or all of the rights under this Agreement or an
Individual Agreement, nor failure by a party to demand the other party to perform and assume part
or all of its obligations and liabilities shall operate as a waiver or release by such party of
such rights or such obligations and liabilities.

Neither any tolerance or grace period accorded by one party to the other party nor any delay by one
party to exercise any right under this Agreement or an Individual Agreement shall affect any right
available to such party under this Agreement, the Individual Agreement or laws or regulations, or
operate as a waiver by such party of such rights.

Article 12 Change, Amendment, Termination and Partial Nullification

This Agreement may be modified or amended by a written instrument by mutual agreement of the
parties and any such modification or amendment shall constitute an integral part of this Agreement.

Unless otherwise provided by laws or regulations or otherwise agreed by the parties, this Agreement
may not be terminated prior to full performance of the rights and obligations under this Agreement
and all Individual agreements thereunder.

Unless otherwise provided by laws or regulations or otherwise agreed by the parties, the nullity of
any provision hereof shall not affect the legal validity of any other provisions hereof.

Article 13 Governing Law; Dispute Resolution

Unless otherwise agreed by the parties, this Agreement and the Individual Agreements shall be
governed by the laws of the People’s Republic of China.

Unless otherwise agreed by the parties, upon effectiveness of this Agreement and the Individual
Agreements, any dispute arising out of or in connection with the execution and performance of this
Agreement and the Individual Agreements may be resolved by the parties through consultation,
failing which any party may resolve it by means of a proceeding to be brought before the people’s
court of the place of Party B or another entity of Bank of China Company Limited performing rights
and obligations under this Agreement or an Individual Agreement.

 

 

Pending the resolution of a dispute, if such dispute does not affect the performance of the other
provisions of this Agreement or an Individual Agreement, such other provisions shall continue to be
performed.

Article 14 Costs

Unless otherwise provided by law or otherwise agreed by the parties, any cost (including attorney’s
fee) arising out of the entry into and performance of this Agreement and the Individual Agreements
and the resolution of disputes hereunder and thereunder shall be borne by Party A.

Article 15 Schedules

The following schedules, together with such other schedules and Individual Agreements as may be
jointly confirmed by the parties, shall constitute an integral part of, and have the same legal
force and effect as, this Agreement:

Schedule 1: Agreement for International L/C Operations

Schedule 2: Agreement for Import Bill Advance Operations

Schedule 3: Agreement for Packing Loan Operations

Schedule 4: Agreement for Export Bill Purchase Operations

Schedule 5: Agreement for the Operations of Discounting Drafts Accepted under Usance L/Cs

Schedule 6: Agreement for the Issuance of Letters of Guarantee/Standby L/Cs

Schedule 7: Agreement for the Issuance of Domestic L/Cs

Schedule 8: Agreement for Domestic L/C Seller Bill Purchase Operations

Schedule 9: Agreement for Domestic L/C Buyer Bill Advance Operations

Schedule 10: Agreement for Domestic L/C Negotiation Operations

Schedule 11: Agreement for Outbound Remittance Financing Operations

 

 

Article 16 Miscellaneous

16.1 Without written consent of Party B, Party A may not assign any rights or obligations under
this Agreement or an Individual Agreement to any third party.

16.2 If, as result of business needs, Party B is required to entrust another entity of
Bank of China Company Limited to perform its rights and obligations under this Agreement and an
Individual Agreement, Party A shall agree to such entrustment; and such entrusted entity of Bank of
China Company Limited shall be entitled to exercise all of the rights under this Agreement and the
Individual Agreement and to bring a dispute under this Agreement or the Individual Agreement to a
court for adjudication or to an arbitration body for arbitration.

16.3 Without prejudice to the other provisions of this Agreement and the Individual Agreement(s),
this Agreement shall be legally binding upon the parties and their respective lawful successors and
assignees.

16.4 Unless otherwise provided herein, the parties shall designate their respective domicile
addresses, all as set out in this Agreement, as their correspondence and contact address and
undertake to promptly notify the other party in writing of any change to such addresses.

16.5 The headings used herein and the name of the various business operations of Party B are
inserted for ease of reference only and shall not be relied upon in the construction of the content
of any provisions or the rights and obligations of the parties.

Article 17 Effectiveness of the Agreement

This Agreement shall become effective as from the date of execution and affixing of common seals by
the parties’ legal representatives or persons-in-charge or authorized signatories thereof.

This Agreement shall be made in two originals. Each party shall hold one copy, each of which shall
have the same legal force and effect.

Party A: Baoding Tianwei Yingli New Energy Resources Co., Ltd.

Authorized Signatory: [Signature]

Party B: Baoding Branch, Bank of China Company Limited

Authorized Signatory: [Signature]

Date: January 15, 2010

 

 

Schedule 1: Agreement for International L/C Operations

1. In case of a conflict between the provisions hereof and those of the Credit Facility Agreement
(“Facility Agreement”), the former shall prevail.

2. When applying to Party B to issue a letter of credit (L/C), Party A shall satisfy the
conditions precedent set out in the Facility Agreement.

3. Party A agrees for Party B to handle all L/C matters in accordance with Uniform Customs and
Practices for Documentary Credits oUCP500/ oUCP600; same below) and to assume resultant
obligations and liabilities.

4. L/C Issuance and Amendment

(1) If Party B accepts an L/C issuance application of Party A, Party B shall issue an L/C
consistent with the International L/C Issuance Application Form, as submitted by Party A, provided
that the final content of such L/C shall be governed by the L/C actually issued by Party B.

(2) Party B’s request for the submission by Party A of L/C-related documents or files (e.g. trade
contracts) shall not be construed as an obligation on the part of Party B to issue an L/C in
accordance with such documents or files.

(3) If Party A needs to amend the L/C, it shall submit an International L/C Amendment Application
Form to Party B; and Party A shall agree for Party B to handle L/C amendment matters in accordance
with the aforesaid Uniform Customs and Practices for Documentary Credits and shall assume resultant
obligations and liabilities. An L/C amendment shall be binding upon Party A immediately upon its
issuance.

(4) Party B shall be entitled to exercise independent judgment with respect to L/C amendments and
may decline an amendment application of Party A or provide recommendations on proposed amendments.
If an L/C amendment involves any amount, currency, interest rate, maturity, etc., and if Party B
believes such amendment will impose heavier obligations upon security providers, Party B shall be
entitled to demand Party A to provide supplementary security deposits, and/or demand Party A to
procure the security guarantor to sign and agree to the International L/C Amendment Application
Form, failing which Party B shall be entitled to decline the amendment application of Party A.

 

 

(5) L/C amendments shall not modify other rights and obligations of Party A under the Facility
Agreement and this Schedule.

(6) The L/C-related content of the International L/C Issuance Application Form and the
International L/C Amendment Application Form shall be completed in English and
Party A shall be responsible for all liabilities for any ambiguity arising from any illegible
handwriting or word of confusing import in the application forms.

(7) Party A shall timely pay to Party B all costs arising out of the issuance or amendment of an
L/C (including relevant bank fees which a foreign beneficiary may refuse to bear), which costs
shall be calculated in accordance with the rules of Party B.

5. External Payment under the L/C

5.1 During the term of an L/C, upon receipt of Party B’s “document in receipt” advice, Party A
shall within the time specified in such advice notify Party B of its position on the handling of
such documents, failing which, Party A shall be deemed to have no intent to decline relevant
payment and to agree for Party B to effect payment/acceptance/ payment commitment; if Party A
notifies Party B to accept such documents within the time specified in such advice, and if Party B
agrees to Party A’s position on the handling of such documents, then and only then may Party B
effect payment/acceptance/ payment commitment. Party A shall in accordance with the International
L/C Issuance Application Form deposit supporting payment funds.

If Party A notifies Party B to accept relevant documents, and if Party B does not agree to Party
A’s position on the handling of such documents, Party B shall be entitled to decide in its
discretion whether to refuse payment by solely relying on the conformity of such documents; if
Party A agrees to provide Party B with an adequate amount of security deposit or other payment
guarantee, Party B will be entitled to either decide to waive its right to refuse such payment in
light of actual circumstances, or to continue to reserve such discretionary power to decline
payment.

5.2 If Party A believes the documents contain any discrepancy and requests Party B within the time
specified in the “documents in receipt” advice to refuse payment/acceptance/ payment commitment,
Party A shall once for all set out all such discrepancies and shall submit two copies of a
statement of reasons for refusal affixed with the specimen seal of Party A. Party B shall be
entitled to treat the discrepancies set out in such statement of reasons for refusal as all of the
discrepancies noted by Party A with respect to the documents. If Party B agrees to such
discrepancies as noted by Party A, Party B may refuse payment; if, upon an examination consistent
with international customs and practices, Party B finds such discrepancies groundless or immaterial
and thus insufficient to constitute a reason for refusal, Party B shall be entitled to decide to
effect payment/acceptance/ payment commitment and to directly

 

 

employ the supporting payment funds
deposited by Party A for such payment, and Party A shall assume all resultant obligations and
liabilities.

5.3 If, due to any inadequacy of the supporting payment funds deposited by Party A, Party B pays
relevant amounts payable for the account of Party A, such payment advance shall immediately
constitute Party A’s indebtedness to Party B under the
Facility Agreement and this Schedule and shall be repaid by Party A without delay. The interest
rate and interest computation for such payment advance will be dealt with in accordance with the
relevant application form.

6. Supplementary Warranties

In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

(1) If upon issuance of the L/C, any L/C-related amendment occurs to the underlying import and
export trade contract, Party A shall immediately notify Party B in writing.

(2) Upon advance payment, acceptance or payment commitment by Party B, Party B shall be entitled to
the right of disposal over the full set of documents/goods under the L/C or other security
interests or property interests that may be available to Party B under any applicable laws and
regulations. If, in accordance with applicable laws, regulations or the opinion of a competent
court or arbitration body, the right to dispose of the full set of documents/goods under the L/C
shall belong to Party A, Party A hereby agrees to transfer unconditionally such right to Party B to
the fullest extent permissible by applicable law and accepts all actions or inactions of Party B in
connection with the disposal of such documents/goods. If, in accordance with applicable laws,
regulations or the opinion of a competent court or arbitration body, the right to dispose of the
full set of documents/goods under the L/C shall belong to Party B, Party B will retain such right
until Party A redeems such documents or repays in full the payment advance of Party B.

With respect to usance drafts accepted by Party B or deferred payments confirmed by Party B, Party
A may not, on account of any reason whatsoever, request Party B to cease payment and waives to the
extent permissible by laws and regulations the right to petition the people’s court to freeze, or
initiate any litigation to request, ceasing of payment of the funds under the L/C.

(3) Party A shall bear the risks of loss, delay, error and omission or destruction of the business
correspondences, communications and documents under the L/C during the process of their mailing,
telegraphic transmission, or other form of transmission, as well the risks associated with the use
by Party B of third party services.

 

 

7. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the International L/C Issuance Application Form and the International L/C
Amendment Application Form.

 

 

Schedule 2: Agreement for Import Bill Advance Operations

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. When applying to Party B to handle import bill advance operations, Party A shall satisfy the
conditions precedent set out in the Facility Agreement.

3. If Party B accepts an import bill advance application of Party A, Party B shall, on the basis of
the currency and amount specified in such Import Bill Advance Application Form as accepted by it,
pay bill advance payments to the presenting bank.

4. Party A hereby confirms that:

(1) Party B shall be entitled to the right of disposal over the full set of documents/goods under
the import bill advance operation or other security interests or property interests that may be
available to Party B under any applicable laws and regulations. If, in accordance with applicable
laws, regulations or the judgment or award of a competent court or arbitration body, the right to
dispose of the full set of documents/goods under the import bill advance operation shall belong to
Party A, Party A hereby agrees to transfer unconditionally such right to Party B to the fullest
extent permissible by applicable law and accepts all actions or inactions of Party B in connection
with the disposal of such documents/goods. If, in accordance with applicable laws, regulations or
the judgment or award of a competent court or arbitration body, the right to dispose of the full
set of documents/goods under the import bill advance operation shall belong to Party B, Party B
will retain such right until Party A repays in full the bill advance payments of Party B.

(2) When Party A applies to Party B to take possession of documents/goods and to thereby repay
Party B’s import bill advances with the sales proceeds, Party A shall be acting only as a trustee
of Party B, including without limitation, acting on behalf of Party B to keep relevant documents in
custody; handle the warehousing, custody, transport, processing, selling and insurance and like
matters of the goods under such documents; maintain custody of the sales proceeds; or deposit sales
proceeds into an account designated by Party B. In addition, when selling the goods to a third
person, Party A shall indicate its such capacity to such third person.

(3) All costs incurred by the goods during their custody under Party A, including without
limitation insurance, warehousing, transport and dock costs, shall be borne by Party A; Party A
undertakes to take out insurance for the goods against all possible risks at their market price and
to name Party B as an insured in the original policy, and to deliver such original policy to Party
B for custody; should the so insured goods

 

 

suffer a
loss, Party B shall be entitled to directly file claims with the insurer.

(4) Without consent of Party B, Party A may not dispose of the goods by means of deferred payment
or any non-monetary payment, or at a price below the market level. Party A may not create a
mortgage or pledge on the goods in favor of any other person or subject the goods to any lien. Upon
the request of Party B, Party A shall immediately provide Party B with the accounts of the goods
and details on their sales revenue or relevant sales contracts; Party B shall have the right to
access the warehouse(s) to inspect the actual conditions of the goods or take repossession thereof.

5. Supplementary Warranties

In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

Party A warrants that the sales proceeds of the imported goods will first be applied towards the
repayment of the financing provided by Party B to Party A.

6. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Import Bill Advance Application Form.

 

 

Schedule 3: Agreement for Packing Loan Operations

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. When applying to Party B to handle packing loan operations, Party A shall satisfy the conditions
precedent set out in the Facility Agreement.

3. If Party B accepts a packing loan application of Party A, Party B shall, on the basis of the
currency and amount specified in such Packing Loan Application Form as accepted by it, disburse the
loan proceeds to Party A.

4. Party A shall apply all of the loan proceeds only towards purchasing, and organizing the
production of and arranging for the export of, the export goods under the L/C and may not apply
such loan proceeds to any other purpose without written consent of Party B.

5. For Party A to draw down the loan, Party A shall satisfy the following conditions:

(a) to submit a written drawdown request prior to expiry of the term of utilization of the packing
loan facility approved by Party B in favor of Party A;

(b) to provide relevant documents certifying the purpose of the loan;

(c) to deliver the original copy of the relevant L/C to Party B for custody;

(4) to satisfy other conditions precedent set out in the Facility Agreement.

6. The proceeds to be collected upon Party A’s delivery of goods and submission of documents and
handling of the exchange collection under the export L/C shall be the primary source for the
repayment of the loan hereunder. Party A hereby irrevocably agrees to entrust Party B to handle the
exchange collection matters under the export L/C and furthers agrees for Party B to automatically
offset the exchange proceeds collected under the export L/C against the principal, interest and
expenses of the loan hereunder.

If Party A concurrently uses the L/C used in connection with the handling of the packing loan to
apply for the handling of export bill purchase operations, Party A agrees for Party B to
automatically offset the export bill purchase proceeds against the principal, interest and expenses
of the loan hereunder.

If, as a result of Party A’s failure to deliver goods, or any discrepancy between the documents and
the L/C or any other reason, the sales proceeds of the goods cannot be

 

 

recovered in time, Party A
shall without delay use other sources of funds to repay the
principal, interest and expenses of the loan hereunder.

7. In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

(1) Party A shall timely provide information to Party B on its application of the packing loan
towards the preparation of the goods and shall accept the supervision and inspection of Party B at
any time;

(2) Party A shall submit the documents under the L/C to Party B within the term of the L/C as well
as the documents submission period specified in the L/C for the latter’s handling of export
exchange collection matters under the L/C;

(3) The export exchange proceeds of Party A as collected under the L/C shall first be applied
towards the repayment of the principal, interest and expense of the loan hereunder.

If, for whatsoever reason, Party A fails to recover proceeds from the goods, Party A shall
unconditionally assume the responsibility of repaying the principal, interest and expense of the
loan hereunder.

(4) If the production or sale of the export goods encounters serious difficulties, Party A shall
timely notify Party B of the same in writing.

8. In addition to those set out in the Facility Agreement, the following circumstances shall also
constitute or be deemed an event of default by Party A:

(1) For whatsoever reason, Party A fails to deliver the full set of documents under the L/C to
Party B, or the documents submitted by Party A are found, upon Party B’s examination, to contain
discrepancies which Party A is unable to cure;

(2) For whatsoever reason the funds under the L/C cannot be fully and timely recovered in
accordance with the terms of the L/C.

9. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Packing Loan Application Form.

 

 

Schedule 4: Agreement for Export Bill Purchase Operations

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. When applying to Party B to handle export bill purchase operations, Party A shall satisfy the
conditions precedent set out in the Facility Agreement.

3. If Party B accepts an export bill purchase application of Party A, Party B shall, on the basis
of the currency and amount specified in such Export Finance Application Form as accepted by it,
disburse the bill purchase proceeds to Party A.

If concurrently with the handling of export bill purchase operations under an L/C, Party A applies
to Party B to handle packing loan operations, Party A agrees that the financing proceeds from such
export bill purchase operation as requested by it shall first be applied by Party B towards
automatically offsetting the principal, interest and expense of the loan under the packing loan
operation and that Party A shall receive the balance of the loan after such offsetting.

4. Party A agrees for Party B to treat the proceeds collected upon mailing of documents and the
exchange payment request under the export bill purchase operation as the source of repayment for
the bill purchase operation and to automatically offset such proceeds against the financing
provided by Party B to Party A.

5. Party A hereby confirms that:

Upon Party A’s submission of the documents and Party B’s disbursement of the financing proceeds,
Party B shall be entitled to the right of disposal over the full set of documents/goods under the
L/C/ collection or other security interests or property interests that may be available to Party B
under any applicable laws and regulations and such rights and interests shall be retained by Party
B until full satisfaction of its claims.

If, in connection with an export bill purchase operation, any discrepancy occurs between the
documents and the L/C and if as a result there occurs any circumstance affecting the normal
recovery of the amounts receivable in respect of the export goods, Party B shall be entitled to
demand Party A to prepay the export bill purchase financing and/or seek other remedies provided in
the Facility Agreement.

6. In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

 

 

(1) Party A will at the request of Party B timely provide information on the sales of the
export goods;

(2) Party A will timely notify Party B in writing if the selling of the export goods encounters
serious difficulties.

7. In addition to those set out in the Facility Agreement, the following circumstances shall also
constitute or be deemed an event of default by Party A:

(1) Due to discrepancies between the documents and the L/C or any other reasons the foreign bank
or payer refuses, delays or reduces payment;

(2) Riot, war or financial crisis erupts in the place of the issuing bank or the payer, or the
issuing bank or the payer becomes the subject of bankruptcy or a force majeure event, as a result
of which the foreign bank or the payer is likely to refuse, delay or reduce payment;

(3) As a result of any missing or delay of documents during the course of mailing, or any
omissions in telegraphic communications the foreign bank or the payer is likely to refuse, delay or
reduce payment.

8. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Export Finance Application Form.

 

 

Schedule 5: Agreement for the Operation of Discounting

Drafts Accepted under Usance L/Cs

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. When applying to Party B to handle the discounting of drafts accepted under a usance L/C, Party
A shall satisfy the conditions precedent set out in the Facility Agreement.

3. If Party B accepts Party A’s application for the discounting of drafts accepted under a usance
L/C, Party B shall, on the basis of the currency and amount specified in such Export Finance
Application Form as accepted by it, disburse the discounting proceeds to Party A.

4. Party A agrees that the proceeds collected upon mailing of documents and the exchange payment
request shall be treated as the source of repayment and shall be automatically offset against the
financing provided by Party B to Party A.

5. Supplementary Warranties.

In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

(1) Party A has obtained the documents lawfully, in bona fide and honestly.

(2) Party A will assume any and all liabilities for the legitimacy of the transactions underlying
the drafts.

6. In addition to those set out in the Facility Agreement, the following circumstances shall also
constitute or be deemed an event of default by Party A:

(1) Any of the following occurs to the accepting bank:

A. The financial condition of the accepting bank deteriorates, which, in the opinion of Party B,
will result in its inability to fulfill the payment obligation;

B. The accepting bank is (or is likely to be) dissolved, cancelled, wound up or declared bankrupt;

C. The accepting bank is declared by a court as being subject to freezing of money or is imposed a
payment prohibition order by a court;

D. The accepting bank notifies that as a result of its being imposed a freezing of

 

 

money order, a
payment prohibition order or other assets preservation measures, it is likely to

become unable to make payments on time;

E. The main assets of the accepting bank are lost or destroyed, or are subjected to any seizure,
attachment, confiscation, freezing, auction, sale or requisition.

G. The accepting bank becomes incapable of effecting payment in the relevant foreign exchange as a
result of the exchange control of its home country;

H. The home country of the accepting bank is hit by political instability, natural disaster or
financial crisis, which, in the opinion of Party B, may result in Party A’s inability to effect
payment on time;

I. The accepting bank or its home country becomes the subject of other event which in the opinion
of Party A may affect the payment ability of the accepting bank.

7. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Export Finance Application Form.

 

 

Schedule 6: Agreement for the Issuance of Letters of Guarantee/Standby L/Cs

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. When applying to Party B to issue a letter of guarantee/standby L/C, Party A shall satisfy the
conditions precedent set out in the Facility Agreement.

3. Letter of Guarantee/Standby L/C Issuance and Amendment

(1) If Party B accepts a letter of guarantee/ standby L/C issuance application of Party A, Party B
shall issue a letter of guarantee/standby L/C consistent with the mutual agreement of the parties.

(2) The details of the letter of guarantee/standby L/C to be issued by Party B at the request of
Party A shall be prepared with reference to the Letter of Guarantee/Standby L/C Issuance
Application Form submitted by Party A to Party B, provided that the final content of such letter of
guarantee/standby L/C shall be governed by the letter of guarantee/standby L/C actually issued by
Party B.

(3) If Party A needs to amend the L/C, it shall submit a Letter of Guarantee/Standby L/C Amendment
Application Form to Party B.

(4) If a letter of guarantee/standby L/C amendment involves the amount, currency, interest rate,
maturity or any other terms and if Party B believes such amendment requires security enhancement,
Party B shall be entitled to demand Party A to provide supplementary security deposits, and/or
demand Party A to procure the provider of counter security to sign and agree to the Letter of
Guarantee/Standby L/C Amendment Application Form, failing which Party B shall be entitled to
decline the amendment application of Party A.

(5) Letter of guarantee/standby L/C amendments shall not modify the other rights and obligations
of Party A under the Facility Agreement and this Schedule.

4. Party A agrees that if any claim occurs under the letter of guarantee/standby L/C during the
term thereof, and if the claim documents by the beneficiary are found, upon Party B’s examination,
consistent with the terms of the letter of guarantee/standby L/C, Party B shall be entitled to
directly effect payment by applying the supporting payment funds deposited by Party A.

If, due to the inadequacy of the supporting payment funds deposited by Party A, Party B advances
the claimed amounts for the account of Party A, such advance shall

 

 

immediately constitute Party A’s indebtedness to Party B under the Facility Agreement and this
Schedule. Party A shall pay interest in respect of such indebtedness from the date of such advance
by Party B to the date of its actual repayment by Party A at an interest rate to be dealt with in
accordance with the terms of the Letter of Guarantee/Standby L/C Issuance Application Form.

5. In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

(1) If the letter of guarantee/standby L/C is re-issued/re-transmitted by another bank entrusted to
that effect, Party A agrees to assume all risks and liabilities of Party B with respect to the
reissuing/re-transmitting bank under the reissued/retransmitted letter of guarantee/standby L/C.

(2) Party A will immediately notify Party B of the implementation of, amendment or change to, or
termination of the contract(s) underlying the letter of guarantee/standby L/C and the underlying
transaction as well as any other circumstances affecting the guarantee liabilities of Party B.

(3) Party A shall cooperate with Party B in handling relevant procedures relating to contract
performance under the guarantee provided in favor of an external party;

(4) Party A shall bear the risks of loss, delay, error and omission or destruction of the business
correspondences, communications and documents during the process of their mailing, telegraphic
transmission, or other form of transmission, as well the risks associated with the use by Party B
of third party services.

(5) If the letter of guarantee/standby L/C has no specific date of expiry, or applies foreign law
or customs and practices, or has no specific amount of guarantee, Party A agrees to indemnify Party
B against all risks, liabilities and losses suffered by Party B as a result thereof.

6. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Letter of Guarantee/Standby L/C Issuance Application Form and the
Letter of Guarantee/Standby L/C Amendment Application Form.

 

 

Schedule 7: Agreement for the Issuance of Domestic L/Cs

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. When applying to Party B to issue a domestic L/C, Party A shall satisfy the conditions precedent
set out in the Facility Agreement.

3. Party A unconditionally assumes the following responsibilities:

(1) Party A will comply with the Domestic Letter of Credit Settlement Rules of the People’s Bank
of China and relevant regulations of the state and agrees for Party B to handle all matters under
such letter of credit in accordance with the Domestic Letter of Credit Settlement Rules and
relevant regulations of the state and to bear all resultant responsibilities.

(2) Party A warrants that all information provided to Party B in connection with the issuance of
the L/C are true, complete and valid, and the L/C in question is backed by genuine trade
transactions; if Party A provides false and/or incomplete and/or invalid information, and/or the
L/C in question is not backed by genuine trade transactions, Party A will assume all resultant
responsibilities.

(3) Party A undertakes that, if, before Party A repays the L/C amounts to Party B, the goods under
the L/C has been placed under effective control of Party A, the rights to such goods shall be owned
by Party B.

(4) Party A shall be responsible for all consequences arising out of any illegible handwriting in
or words of confusing import in the application form.

4. Domestic L/C Issuance and Amendment

(1) If Party B accepts a domestic L/C issuance application of Party A, Party B shall issue an L/C
consistent with the Domestic L/C Issuance Application Form, as submitted by Party A, provided the
final content of such L/C shall be governed by the L/C actually issued by Party B.

(2) Party B’s request for the submission by Party A of domestic L/C-related documents or files
(e.g. trade contracts) shall not be construed as an obligation on the part of Party B to issue a
domestic L/C in accordance with such documents or files.

(3) If Party A needs to amend the domestic L/C, it shall submit a Domestic L/C Amendment
Application Form to Party B; Party A shall agree for Party B to handle L/C amendment matters in
accordance with the Domestic Letter of Credit Settlement Rules and shall assume resultant
obligations and liabilities. A Domestic L/C

 

 

Amendment Application Form shall be binding upon Party A immediately upon its giving.

(4) Party B shall be entitled to exercise independent judgment with respect to domestic L/C
amendments and may decline an amendment application of Party A or provide recommendations on
proposed amendments. If an L/C amendment involves the amount, currency, interest rate, maturity and
the like, and if Party B believes such amendment will impose heavier obligations upon security
providers, Party B shall be entitled to demand Party A to provide supplementary security deposits,
and/or demand Party A to procure the security guarantor to sign and agree to the Domestic L/C
Amendment Application Form, failing which Party B shall be entitled to decline the amendment
application of Party A.

(5) Domestic L/C amendments shall not modify the other rights and obligations of Party A under the
Facility Agreement and this Schedule.

(6) The domestic L/C-related content of the Domestic L/C Issuance Application Form and the Domestic
L/C Amendment Application Form shall be completed in English and Party A shall be responsible for
all liabilities arising out of any ambiguity resultant from illegible handwriting or words of
confusing import in the application forms.

(7) Party A shall timely pay to Party B all costs arising out of the issuance or amendment of a
domestic L/C (including relevant bank fees which a foreign beneficiary may refuse to bear), which
costs shall be calculated in accordance with the rules of Party B.

5. External Payment under the Domestic L/C

5.1 During the term of a domestic L/C, upon receipt of Party B’s “document in receipt” advice,
Party A shall within the time specified in such advice notify Party B of its position on the
handling of such documents, failing which Party A shall be deemed to have no intent to decline
relevant payment and agree for Party B to effect payment/acceptance/ payment commitment; if Party A
notifies Party B to accept such documents within the time specified in such advice, and if Party B
agrees to Party B’s position on the handling of such documents, then and only then may Party B
effect payment/acceptance/ payment commitment. Party A shall in accordance with the Domestic L/C
Issuance Application Form deposit supporting payment funds.

If Party A notifies Party B to accept relevant documents, and if Party B does not agree to Party
B’s position on the handling of such documents, Party B shall be entitled to decide in its
discretion whether to refuse payment by solely relying on the conformity of such documents; if
Party A agrees to provide Party B with an adequate amount of security deposit or other payment
guarantee, Party B will be entitled to either decide

 

 

to waive its right to refuse such payment in
light of actual circumstances, or to continue to reserve such discretionary power to decline
payment.

5.2 If Party A believes that the documents present any discrepancy and requests Party B within the
time specified in the “documents in receipt” advice to refuse payment/acceptance/ payment
commitment, Party A shall once for all set out all such discrepancies and shall submit two copies
of a statement of reasons for refusal affixed with the specimen seal of Party A. Party B shall be
entitled to treat the discrepancies set out in such statement of reasons for refusal as all of the
discrepancies noted by Party A with respect to the documents. If Party B agrees to such
discrepancies as noted by Party A, Party B may refuse payment; if, upon an examination consistent
with customs and practices, Party B finds such discrepancies groundless or immaterial and thus
insufficient to constitute a reason for refusal, Party B shall be entitled to decide to effect
payment/acceptance/ payment commitment and to directly apply the supporting payment funds deposited
by Party A towards such payment, and Party A shall assume all resultant obligations and
liabilities.

5.3 If, due to the inadequacy of the supporting payment funds deposited by Party A, Party B
advances the amounts payable for the account of Party A, such advanced payment shall immediately
constitute Party A’s indebtedness to Party B

6. Supplementary Warranties

In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

(1) If, upon issuance of the domestic L/C, any L/C-related amendment occurs to the underlying trade
contract, Party A shall immediately notify Party B in writing.

(2) With respect to deferred payments confirmed by Party B, Party A shall not on the grounds of
any reason whatsoever request Party B to cease payment and shall waive to the extent permissible by
laws and regulations the right to petition the people’s court to freeze, or initiate any litigation
to request the ceasing of payment of, the funds under the domestic L/C on the grounds of any reason
whatsoever.

(3) Party A shall bear the risks of loss, delay, error and omission or destruction of the business
correspondences, communications and documents under the domestic L/C during the process of their
mailing, telegraphic transmission, or other form of transmission, as well the risks associated with
the use by Party B of third party services.

7. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Domestic L/C Issuance Application Form and the Domestic L/C Amendment
Application Form.

 

 

Schedule 8: Agreement for Domestic L/C Seller Bill Purchase Operations

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. The term “seller bill purchase operation” means a short-term financing facility with recourse
provided by the bank to the seller against the documents submitted by the seller upon delivery of
goods under the domestic L/C business operations.

3. Conditions Precedent to Seller Bill Purchase Operation

(1) When applying to Party B for the seller bill purchase operation, Party A shall satisfy the

conditions precedent set out in the Facility Agreement.

(2) The letter of credit shall state that it shall be governed by Domestic Letter of Credit
Settlement Rules of the People’s Bank of China (or its latest version as of the date of issuance of
the letter of credit) and shall be in such form and substance as reviewed and accepted by Party B.

4. Application for Seller Bill Purchase Operation

Upon effectiveness of the Facility Agreement, Party A shall submit a Domestic L/C Seller Bill
Purchase Application Form for each seller bill purchase operation (“Transaction”) it applies for.

Each Transaction under this Schedule shall be independent from each other and shall comply with
this Schedule, the relevant L/C and the relevant application of Party A.

5. Payment

If Party B accepts Party A’s application for the seller bill purchase operation, Party B shall
disburse bill purchase funds to Party A on the basis of the amount specified in such Domestic L/C
Seller Bill Purchase Operation Application Form as accepted by it.

The term and other relevant matters of the bill purchase operation shall be specifically dealt with
in accordance with the provisions of the Domestic L/C Seller Bill Purchase Operation Application
Form hereunder.

6. Party A agrees for Party B to treat the proceeds collected upon mailing of documents and the
exchange payment request under the seller bill purchase operation as the source of repayment for
the bill purchase operation and to automatically offset such proceeds against the financing
provided by Party B to Party A.

7. Interest and Fee. In connection with the handling of the Transaction, Party A agrees to pay
interest and fee to the purchasing bank, as more specifically set out in the

 

 

Domestic L/C Seller
Bill Purchase Operation Application Form hereunder.

8. Party A hereby confirms that:

Upon Party A’s submission of the documents and Party B’s disbursement of the financing proceeds,
Party B shall be entitled to the right of disposal over the full set of documents/goods under the
domestic L/C or other security interests or property interests that may be available to Party B
under any applicable laws and regulations and such rights and interests shall be retained by Party
B until full satisfaction of its claims.

If, in connection with a seller bill purchase operation, any discrepancy occurs between the
documents and the domestic L/C and if as a result there occurs any circumstance affecting the
normal recovery of the amounts receivable in respect of the seller’s goods, Party B shall be
entitled to demand Party A to prepay the bill purchase financing and/or seek other remedies
provided in the Facility Agreement.

If, as a result of any discrepancy in the documents, any missing or delay of documents during the
course of mailing, or any omissions in telegraphic communications, or any other reason not
attributable to Party B, the payer under the L/C refuses, delays or reduces payment, Party B may
claim from Party A payment for the principal, interest and expense of all (or the unpaid portion)
of the financing together with any losses in connection therewith. Party B shall also have the
option to dispose, on its own, of the documents and goods under the seller bill purchase operation
hereunder, to receive indemnity payment paid out of the proceeds of such disposal, and to claim any
shortfall from Party A.

If the proceeds obtained by Party B upon mailing of documents and request of payment or
discretionary disposal of the documents and goods are insufficient to repay in full the financing,
Party B shall have the right to deduct, on its own, relevant amounts from the accounts opened by
Party A with Party B or any other payment receipts of Party A. If Party B directly deducts relevant
amounts from Party A’s account in accordance with relevant provisions hereof, and if the currency
of such account differs from the currency of denomination of the bill purchase operation, such
deduction shall be effected using the then applicable exchange rate of Party B.

9. In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

(1) Party A shall at the request of Party B timely provide Party B with information on the sales
of the seller’s goods under the domestic L/C;

 

 

(2) If the sale of the seller’s goods under the domestic L/C encounters serious difficulties, Party
A shall timely notify Party B of the same in writing.

10. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Domestic L/C Seller Bill Purchase Application Form.

 

 

Schedule 9: Agreement for Domestic L/C Buyer Bill Advance Operations

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. The term “buyer bill advance operation” means a short-term financing facility provided by Party
B to Party A at the request of Party A under the domestic L/C business operations against the
documents submitted by the negotiating bank or the presenting bank.

3. Conditions Precedent to Buyer Bill Advance Operation

(1) When applying to Party B for the buyer bill advance operation, Party A shall satisfy the

conditions precedent set out in the Facility Agreement.

(2) The letter of credit shall state that it shall be governed by Domestic Letter of Credit
Settlement Rules of the People’s Bank of China (or its latest version as of the date of issuance of
the letter of credit) and shall be in such form and substance as reviewed and accepted by Party B.

4. Application for Buyer Bill Advance Operation

Upon effectiveness of the Facility Agreement, Party A shall submit a Domestic L/C Buyer Bill
Advance Application Form for each buyer bill advance operation (“Transaction”) it applies for.

Each Transaction under this Schedule shall be independent from each other and shall comply with
this Schedule, the relevant L/C and the relevant application of Party A.

5. Payment

If Party B accepts Party A’s application for the buyer bill advance operation upon satisfaction by
Party B of the conditions precedent to the bill advance operation, Party B shall effect the payment
under the relevant L/C on behalf of Party A in accordance with the amount specified in such
Domestic L/C Buyer Bill Advance Operation Application Form as accepted by it.

The term and other relevant matters of the bill advance operation shall be specifically dealt with
in accordance with the provisions of the Domestic L/C Buyer Bill Advance Operation Application Form
hereunder.

 

 

6. Party A hereby confirms that:

(1) Party B shall be entitled to the right of disposal over the full set of documents/goods
under the buyer bill advance operation or other security interests or property interests that may
be available to Party B under any applicable laws and regulations. If, in accordance with
applicable laws, regulations or the judgment or award of a competent court or arbitration body, the
right to dispose of the full set of documents/goods under the buyer bill advance operation shall
belong to Party A, Party A hereby agrees to transfer unconditionally such right to Party B to the
fullest extent permissible by applicable law and accepts all actions or inactions of Party B in
connection with the disposal of such documents/goods. If, in accordance with applicable laws,
regulations or the judgment or award of a competent court or arbitration body, the right to dispose
of the full set of documents/goods under the buyer bill advance operation shall belong to Party B,
Party B will retain such right until Party A repays in full the bill advance payments of Party B.

(2) When Party A applies to Party B to take possession of documents/goods and to thereby repay
Party B’s bill advance financing with the sales proceeds, Party A will be acting only as a trustee
of Party B, including without limitation acting on behalf of Party B to keep relevant documents in
custody; handling the warehousing, custody, transport, processing, selling and insurance and like
matters of the goods under such documents; maintain custody of the sales proceeds or deposit sales
proceeds into an account designated by Party B. In addition, when selling the goods to a third
person, Party A shall indicate its such capacity to such third person.

(3) All costs incurred by the goods during their custody under Party A, including without
limitation insurance, warehousing, transport and dock costs, shall be borne by Party A; Party A
undertakes to take out insurance for the goods against all possible risks at their market price and
to name Party B as an insured in the original policy and to deliver such original policy to Party B
for custody; should so insured goods suffers a loss, Party B shall be entitled to directly file
claims with the insurer.

(4) Without consent of Party B, Party A may not dispose of the goods by way of deferred payment or
any non-monetary payment, or at a price below the market level. Party A may not create a mortgage
or pledge on the goods in favor of any other person or subject the goods to any lien. Upon the
request of Party B, Party A shall immediately provide Party B with the accounts of the goods and
details on their sales revenue or relevant sales contracts; Party B shall have the right to access
the warehouse(s) to inspect the actual conditions of the goods or take repossession thereof.

7. Supplementary Warranties

In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

 

 

Party A warrants that the sales proceeds of the goods under the domestic L/C will first
be applied towards the repayment of the financing provided by Party B to Party A.

8. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Domestic L/C Buyer Bill Advance Application Form.

 

 

Schedule 10: Agreement for Domestic L/C Negotiation Operations

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. The term “negotiation” means the act whereby Party B pays consideration to Party A after
deduction of negotiation-related interest to the extent the documents are consistent with the L/C.
Negotiation shall be restricted to negotiable deferred payment documentary L/Cs.

3. Conditions Precedent to Negotiation

(1) When applying to Party B for negotiation operations, Party A shall satisfy the conditions

precedent set out in the Facility Agreement;

(2) Party A shall submit a written negotiation application;

(3) Party A has in accordance with the request of Party B completed relevant vouchers and provided
relevant documents;

(4). Party A has completed legal and administrative approval procedures required for the
negotiation operation and has submitted such approval documents to Party B for review. Party B
shall have the right to demand Party A to provide duplicate copies of the approval documents or
photocopies consistent with their originals;

(5) The letter of credit shall state that it shall be governed by Domestic Letter of Credit
Settlement Rules of the People’s Bank of China (or its latest version as of the date of issuance of
the letter of credit) and shall be in such form and substance as reviewed and accepted by Party B.

(6) Party A shall submit the documents within the document submission period and the term of the
L/C and shall, together with the submission of such documents, submit the full original copy of the
L/C (and the amended original copy, if applicable); which documents shall be found, upon Party B’s
examination, to be consistent with the L/C;

(7) The L/C shall be a negotiable deferred payment documentary L/C and shall designate Party B as
the negotiating bank.

4. Application for Negotiation

Upon effectiveness of the Facility Agreement, Party A shall submit a Domestic L/C Negotiation
Application Form for each negotiation operation (“Transaction”) it applies for.

 

 

Each Transaction under this Schedule shall be independent from each other and shall comply with
this Schedule, the relevant L/C and the relevant application of Party A.

5. Payment

If Party B accepts Party A’s application for the negotiation operation, Party B shall disburse
negotiated funds to Party A on the basis of the amount specified in such Domestic L/C Negotiation
Operation Application Form as accepted by it.

The term and other relevant matters of the negotiation operation shall be specifically dealt with
in accordance with the provisions of the Domestic L/C Negotiation

Operation Application Form hereunder.

6. Party A agrees for Party B to treat the proceeds collected upon mailing of documents and the
exchange payment request under the negotiation operation as the source of repayment for the
negotiation operation and to automatically offset such proceeds against the financing provided by
Party B to Party A.

7. Interest and Fee. In connection with the handling of the Transaction, Party A agrees to pay
interest and fee to the negotiating bank, as more specifically set out in the Domestic L/C
Negotiation Operation Application Form hereunder.

8. Party A hereby confirms that:

Upon Party A’s submission of the documents and Party B’s disbursement of the financing proceeds,
Party B shall be entitled to the right of disposal over the full set of documents/goods under the
domestic L/C or other security interests or property interests that may be available to Party B
under any applicable laws and regulations and such rights and interests shall be retained by Party
B until full satisfaction of its claims.

If, in connection with a negotiation operation, any discrepancy occurs between the documents and
the domestic L/C and if as a result there occurs any circumstance affecting the normal recovery of
the amounts receivable in respect of the seller’s goods, Party B shall be entitled to demand Party
A to prepay the financing and/or seek other remedies provided in the Facility Agreement.

If, as a result of any discrepancy in the documents, any missing or delay of documents during the
course of mailing, or any omissions in telegraphic communications, or any other reason not
attributable to Party B, the payer under the L/C refuses, delays or reduces payment, Party B may
claim from Party A payment for the principal, interest and expense of all (or the unpaid portion)
of the financing together with any losses in connection therewith. Party B shall also have the
option to dispose, on its own, of the documents and goods under the negotiation operation
hereunder, to receive indemnity

 

 

payment paid out of the proceeds of such disposal, and to claim any
shortfall from Party A.

If the proceeds obtained by Party B upon mailing of documents and request of payment or
discretionary disposal of the documents and goods are insufficient to repay in full the financing,
Party B shall have the right to deduct, on its own, relevant amounts from the accounts opened by
Party A with Party B or any other payment receipts of Party A. If Party B directly deducts relevant
amounts from Party A’s account in accordance with relevant provisions hereof, and if the currency
of such account differs from the currency of denomination of the bill purchase operation, such
deduction shall be effected using the then applicable exchange rate of Party B.

9. In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

(1) Party A shall at the request of Party B timely provide Party B with information on the sales
of the seller’s goods under the domestic L/C;

(2) If the sale of the seller’s goods under the domestic L/C encounters serious difficulties, Party
A shall timely notify Party B of the same in writing.

10. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Domestic L/C Negotiation Application Form.

 

 

Schedule 11: Agreement for Outbound Remittance Financing Operations

1. In case of a conflict between the provisions hereof and those of the Facility Agreement, the
former shall prevail.

2. Trade-related outbound remittances refer to a form of payment made by Party A (in the capacity
of the importer party to a goods import contract executed by it) by way of bank remittance in
accordance with such contract.

For the purpose of this contract and the documents in connection therewith, the term “outbound
remittance financing” means the provision by Party B (in the capacity of the remitting bank for
Party A’s trade-related remittances) of funds to Party A at the request of Party A for
accommodative financing, which funds shall be made available to Party A for outbound payment and
shall subsequently be repaid by Party A.

3. When applying to Party B for outbound remittance financing operations, Party A shall satisfy the
conditions precedent set out in the Facility Agreement.

4. If Party B accepts Party A’s application for outbound remittance financing operations, Party B
shall remit the financing proceeds to the payee specified in the remittance application submitted
by Party A in the currency and amount specified in the Outbound Remittance Financing Application
Form as accepted by Party B.

5. The provision by Party A of any documents to Party B at the request of Party B shall not be
construed as subjecting Party B to any obligation and responsibility of examination with respect to
the truthfulness and legality of the transactions undertaken by Party A.

6. Party A hereby confirms that:

(1) Party B shall be entitled to the right of disposal over the full set of documents/goods under
the outbound remittance financing operation or other security interests or property interests that
may be available to Party B under any applicable laws and regulations. If, in accordance with
applicable laws, regulations or the judgment or award of a competent court or arbitration body, the
right to dispose of the full set of documents/goods under the outbound remittance financing
operation shall belong to Party A, Party A hereby agrees to transfer unconditionally such right to
Party B to the fullest extent permissible by applicable law and accepts all actions or inactions of
Party B in connection with the disposal of such documents/goods. If, in accordance with applicable
laws, regulations or the judgment or award of a competent court or arbitration body, the right to
dispose of the full set of documents/goods under the outbound remittance financing shall belong to
Party B, Party B will retain such right until Party A repays in full the financing provided by
Party B.

 

 

(2) When Party A applies to Party B to take possession of documents/goods and to thereby repay
Party B’s financing with the sales proceeds, Party A will be acting as a trustee of Party B only,
including without limitation, acting on behalf of Party B to keep relevant documents in custody;
handle the warehousing, custody, transport, processing, selling and insurance and like matters of
the goods under such documents; maintain custody of the sales proceeds; or deposit sales proceeds
into an account designated by Party B. In addition, when selling the goods to a third person, Party
A shall indicate its such capacity to such third person.

(3) All costs incurred by the goods during their custody under Party A, including without
limitation insurance, warehousing, transport and dock costs, shall be borne by Party A; Party A
undertakes to take out insurance for the goods against all possible risks at their market price and
to name Party B as an insured in the original policy, and to deliver such original policy to Party
B for custody; should the so insured goods suffers a loss, Party B shall be entitled to directly
file claims with the insurer.

(4) Without consent of Party B, Party A may not dispose of the goods by way of deferred payment or
any non-monetary payment, or at a price below the market level. Party A may not create a mortgage
or pledge on the goods in favor of any other person or subject the goods to any lien. Upon the
request of Party B, Party A shall immediately provide Party B with the accounts of the goods and
details on their sales revenue or relevant sales contracts; Party B shall have the right to access
the warehouse(s) to inspect the actual conditions of the goods or take repossession thereof.

(5) Party A shall satisfy its repayment obligations by using the same currency as the currency of
denomination of Party B’s relevant operation. If Party B directly deducts relevant amounts from
Party A’s account in accordance with relevant provisions hereof, and if the currency of such
account differs from the currency of denomination of the bill purchase operation, such deduction
shall be effected using the exchange rate published by Party B on the day of such deduction.

7. Supplementary Warranties

In addition to those set out in the Facility Agreement, Party A shall make the following
supplementary warranties to Party B in connection with the handling of the operation hereunder:

Party A warrants that the sales proceeds of the import goods will first be applied towards the
repayment of the financing provided by Party B to Party A.

 

 

When dealing with the import goods hereunder, Party A shall prudently and diligently exercise the
duty of care. The contract dealing with the goods shall require the buyer of
the goods to directly transfer the contract price of the goods to the account of Party B, which
contract price shall be applied towards repayment of the principal, interest and other costs of the
financing hereunder.

8. Other specific matters associated with the handling of the operation hereunder shall be dealt
with in accordance with the Outbound Remittance Financing Application Form.

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