Document:

English translation of Mortgage Contract

 Exhibit 10.20 
 Mortgage Contract 
 Serial Number: 2009 Rao Si Jing Di Zi No. 3

  

					
	Mortgagor	  	:	  	 Jinko Solar Co., Ltd. ( the “Mortgagor”)

			
	Business License No.	  	:	  	 361100520000106

			
	Legal Representative	  	:	  	 Li Xiande

			
	Address	  	:	  	 No.1, Jingke Avenue, Shangrao Economic

			
		  		  	 Development Zone

			
	Post Code	  	:	  	 334000

			
	 Financial Institution for
 Account Opening and
 Account Number
	  	:	  	 Bank of China, Shangrao Branch,

			
		  		  	 739153091438091001

			
	Tel	  	:	  	 0793-8461399

			
	Fax	  	:	  	 0793-8461152

  

					
	  

			
	Mortgagee	  	:	  	Bank of China, Shangrao Branch (the “Mortgagee”; together with the Mortgagor, the “Parties” and each, a “Party”)
			
	Principle	  	:	  	Wang Ping
			
	Address	  	:	  	No.43, Shengli Lu, Shangrao City, Jiangxi Province
			
	Post Code	  	:	  	334000
			
	Tel	  	:	  	0793-8300659
			
	Fax	  	:	  	0793-8300494

 To ensure the repayment of the loan under the main contract (the “Main Contract’) specified
in Article 1 of this Contract, the Mortgagor agrees to mortgage the property that he may legally dispose and in the attached Collateral List to the Mortgagee. The

 
Parties hereby enter into this Contract through equal negotiation. Unless otherwise provided herein, terms of this Contract shall be interpreted in accordance with the Main Contract. 

Article 1 Main Contract 
 The Main
Contract of this Contract is: 
 Loan Contract (Short-term) (Serial Number: 2009 Rao Si Jing Jie Zi No. 3), together with its
amendment and supplement signed between the Mortgagee and Jinko Solar Co., Ltd (the “Debtor”). 
 Article 2 Principal
creditor’s right 
 The creditor’s right under the Main Contract is the main creditor’s right, including principal, interests
(including legal interests, contractual interests, compound interests, penalty interest), liquidated damages, damage awards, expenses for realizing creditor’s right (including but not limited to litigation costs, attorney fees, notary fees,
execution fees, etc.), and losses of and other fees payable to Mortgagee because of the breach of the Debtor 
 Article 3 Collateral list

 Please refer to the attached “Collateral List” for more information. 
 During the mortgage term, if the collateral is damaged, lost or expropriated, the Mortgagee may have the priority to be compensated by the insurance
proceeds, damage awards or indemnities, etc. If the secured loan is not outstanding, such insurance proceeds, damage awards or indemnities, etc. may be placed in escrow. 
 Article 4 Mortgage registration 
 If mortgage registration is required by laws, the
Mortgagor and Mortgagee shall register in relevant registration authority within 5 days after signing this Contract. 
 If there is any
change to the mortgage registration items, the Mortgagor and Mortgagee shall alter the registration in relevant registration authority within 5 days after the change occurs. 
 Article 5 Possession and maintenance 
 The collateral under this Contract shall be possessed
and maintained by the Mortgagor while the document of title of the collateral shall be kept by the Mortgagee. The Mortgagor agrees to accept and work with the Mortgagee and his appointed institution and individual to inspect the collateral at any
time. 

 The Mortgagor shall properly keep, maintain and preserve the collateral, and take effective measures to
ensure the safety and integrity of the collateral. If any maintenance is required, the Mortgagor shall maintain the collateral and pay the expenses incurred. 
 The collateral may not be transferred, leased, lent, invested, reconstructed, rebuilt or dispose in any other manner without written consent of the Mortgagee; if the written consent is obtained, the
consideration from the disposition of the collateral shall be used to discharge the debt in advance, or put in the escrow. 
 Article 6 Value
depreciation of collateral 
 Before debt under the Main Contract is discharged, if the Mortgagor causes the collateral’s value to
depreciate, the Mortgagee is entitled to suspend the Mortgagor’s activities. Where the value of the collateral depreciates, the Mortgagee may demand that the Mortgagor restore the original value of the collateral or provide other security
equaling to the depreciated value agreed by the Mortgagee. If the Mortgagor neither restores the value nor provides any other security, the Mortgagee may demand the Debtor to pay off the debt in advance. If the Debtor does not perform, the Mortgagee
is entitled to exercise the mortgage interest. 
 If the collateral is ruined or depreciates resulting from disaster, accident, infringement and
other reasons, the Mortgagor shall take immediate measures to prevent further damage, and inform the Mortgagee in writing immediately. 
 Article 7 Fruits 
 When the Debtor fails to pay the debt or any other circumstance to exercise the mortgage interest herein
arise, and the collateral is seized by the people’s court in accordance with law, the Mortgagee is entitled to collect the natural or statutory fruits of the collateral from the date of seizure, unless the Mortgagee fails to inform the person
who are liable to pay off statutory fruits. 
 The aforesaid fruits shall be used to pay off the expense for collecting the fruits firstly.

 Article 8 Insurance of the collateral (it is an selective clause, this Contract will follow the Item 2 of the following: 1.
applicable; 2. non-applicable) 
 The Mortgagor shall carry insurance for the collateral with agreed insurance company in accordance with the
kind and term of the insurance agreed by the Parties. The amount of insurance shall not be less than the estimated value of the collateral; the content of the insurance policy shall be in line with the requirements of the Mortgagee; the policy may
not contain any restrictive conditions compromising the Mortgagee’s right. 

 The Mortgagor shall not suspend, terminate, amend or change the insurance policy before the principal debt
of this Contract is fully discharged; all reasonable and necessary measures shall be taken to keep the effectiveness of the insurance policy specified in Article 8. If the Mortgagor does not carry insurance, or violate the aforesaid stipulations,
the Mortgagee may determine to carry or continue to carry insurance for the collateral on the Mortgagor’s expense. Any damages caused to the Mortgagee shall be deemed as in the scope of the principal debt. 
 The Mortgagor shall deliver the originals of the insurance policy of the collateral to the Mortgagee within - days after signing this Contract, and transfer
the claim for the insurance proceeds caused by insured affairs. The originals of the insurance policy shall be held by the Mortgagee before the principal debt of this Contract is fully discharged. 
 Article 9 Occurrence of security liabilities 
 If the Debtor fails to discharge the debt on any repayment due date or early repayment date, the Mortgagee may exercise the mortgage interest in accordance with laws and stipulations in this Contract. 
 The aforesaid repayment due date means the date when the principal, the interests or any other any payment agreed in the Contract is due; the aforesaid
early repayment date means the payment date proposed by the Debtor and accepted by the Mortgagee, or the date the Mortgagee requires the Mortgagor to repay the principal, the interests or any other any payment according to the stipulations of the
Contract. 
 Article 10 Term to exercise the mortgage interest 
 After occurrence of security liabilities, the Mortgagee shall exercise the mortgage interest within the limitation of action of principal debt. 
 If the principal debt is to be repaid in installment, the Mortgagee shall exercise the mortgage interest within the limitation of actions of the last
installment. 
 Article 11 Realization of mortgage interest 
 After security liabilities occur, the Mortgagee may negotiate with the Mortgagor to discharge the principal debt in priority with the consideration from trading, auctioning and selling the collateral.

 The consideration from disposal of the collateral shall be used for discharging the principal debt after the
disposal fees and other fees payable to the Mortgagees under this Contract are fully repaid. 
 Any mortgage, pledge and guarantee under other
contract for the Main Contract shall not prejudice the Mortgagee’s right under this Contract, and shall not be used by the Mortgagor as a defense against the Mortgagor. 
 Article 12 Relationship between this Contract and Main Contract 
 If the Parties of the Main
Contract terminate the Main Contract or the Main Contract becomes due in advance, the Mortgagor shall be responsible for security liabilities of the occurred debt under the Main Contract. 
 If the parties of the Main Contract agree to amend the content of Main Contract, except for those terms concerning currencies, interest rate, amount, term,
or other changes which may increase the amount of principal debt or extending the term of Main Contract, no Mortgagor’s consent is needed and the Mortgagor shall be responsible for the security liability in the amended Main Contract,.

 In the event that the Mortgagor’s consent is needed, if no written consent is obtained from the Mortgagor or the Mortgagor dissents, the
Mortgager shall not be responsible for the increased part of the principal debt amount, and only be responsible for the original term of the Main Contract. 
 If the Mortgagee makes import negotiating financing or other subsequent financing in succession after establishing the letter of credit for the Debtor, no Mortgagor’s consent is required, and the
Mortgager shall be responsible for continuous and uninterrupted security liabilities for the financing under this Contract. The Mortgager shall transact the mortgage registration within 5 days after signing import negotiating financing
agreement or other subsequent financing agreement in accordance with laws. 
 If there are other mortgagees of the collateral under this
Contract, the aforesaid changes shall not compromise other mortgagee’s rights and interests without written consent of other mortgagee. 
 Article 13 Representations and undertakings 
 The Mortgagor hereby represents and undertakes: 
  

	1.	The Mortgagor is legally registered and operated, and has the civil legal capacity to execute and perform this Contract; the Mortgagor has the legal title to the
collateral or may legally dispose the collateral; 

	2.	The Mortgagor assures that there is no joint owner of the collateral, or if there are joint owners, the Mortgagor has obtain the written consent from all the joint
owners. The Mortgagor agrees to deliver the written consent to the Mortgagee before signing this Contract; 

  

	3.	The Mortgagor fully understands the Main Contract, executes and performs this Contract out of true intension, and obtains all legal and effective authorizations
required by the Mortgagor’s articles of association and bylaws; 

 if the Mortgagor is a third-party entity,
the mortgage is approved by the resolution of the board of directors and the shareholder meetings; if the Mortgagor’s articles of association has restriction on the total secured amount and single secured amount, the secured amount under this
Contract does not surpass the specified restriction. 
 Executing and performing this Contract is not in violation of any binding
agreements, contracts, or other legal documents. The Mortgagor has obtained or will obtain all the required approval, consent, documentation or registration for executing and performing this Contract; 
  

	4.	All the documents, financial statements, certifications and other information provided by the Mortgagor to the Mortgagee under this Contract are true, complete,
accurate and effective; 

  

	5.	The Mortgagor does not conceal any security interest on the collateral by the date of signing this Contract; 

  

	6.	If any new security interest is set on the collateral, or the collateral is sealed up, or involved in substantial lawsuits or arbitration, the Mortgagor shall inform
the Mortgagee immediately; 

  

	7.	If the collateral is a construction in progress, the Mortgagor undertakes that there is no third-party priority of compensation on the collateral; and if any priority
of compensation exists, the Mortgagor will have the third party issue a written announcement to give up the right, and will deliver the announcement to the Mortgagee. 

 Article 14 Contracting negligence 
 Contracting negligence means after the Contract is
signed, if the Contract does not come into force and the mortgage right fails to be established effectively because the Mortgagor refuses or delays to transact the mortgage registration, or due to other reasons of the Mortgagor. The Mortgagor shall
be liable for the caused damages to the Mortgagee. 

 Article 15 Disclose of related party within the mortgager’s group and affiliated transactions 

 Both Parties agree to apply Item 1 as follows: 
  

	1.	The Mortgagor is not an affirmed group client of the Mortgagee according to Guidelines on the Management of Risks of Credits Granted by Commercial Banks to Group
Clients (the “Guidance”). 

  

	2.	The Mortgagor is an affirmed group client of the Mortgagee according to the Guidance. The Mortgagor shall report the affiliated transactions over 10% of net capital to
the Mortgagee in accordance with Article 17 of the Guidance, including the related party relationship, transaction items and transaction nature, transaction amount or relevant proportion and pricing policy of all parties of the transaction
(including the transactions without money or with typical money). 

 Article 16 Breach and settlement 
 The Mortgagor shall be deemed as breach of the Contract under any of the following circumstance: 
  

	1.	The Mortgagor violates the stipulations of this Contract to transfer, lease, lend, invest in form of real object, reconstruct, rebuild or dispose all or part of the
collateral in any other manner; 

  

	2.	The Mortgagor interferes the Mortgagee in the disposing of the collateral according to laws and relevant stipulations of this Contract; 

  

	3.	The Mortgagor does not provide relevant security required by the Mortgagee if the value of collateral decrease as specified in Article 6 of this Contract;

  

	4.	The Mortgagor provides an untrue representation or violates the undertaking in this Contract; 

  

	5.	The Mortgagor violates other stipulations regarding the Parties’ rights and obligations in this Contract; 

  

	6.	The Mortgagor closes down or is dissolved, withdraw or bankrupted; 

  

	7.	The Mortgagor violates other stipulations under other contract between the Mortgagor and the Mortgagee, or the Mortgagor and other institutions of Bank of China;

 When the aforesaid breach arise, the Mortgagor may take any or all measures as follows: 
  

	1.	Require the Mortgagor to rectify the breach within time limit; 

  

	2.	Decrease, suspend or terminate all or part of the credit lines of the Mortgagor; 

  

	3.	Suspend or terminate all or part of the business application of the Mortgagor under other contracts between the Mortgagor and Mortgagee; partly or totally suspend or
terminate to grant and transact the unissued loan and trade financing; 

  

	4.	Declare that all or part of the unpaid loan/principal and interests of trade financing as well as other account payable to the Mortgagee under this Contract and other
contracts between the Mortgagor and the Mortgagee shall become due immediately; 

  

	5.	Terminate or withdraw this Contract, partly or totally terminate or withdraw other contracts between the Parties; 

  

	6.	Require the Mortgagor to compensate the Mortgagee for the Mortgagee’s loss caused by the Mortgagor’s breach; 

  

	7.	Exercise the mortgage right; 

  

	8.	Other measures deemed necessary by the Mortgagee. 

 Article 17 Reservation of right 
 Any failure to perform all or part of his right under this Contract, or require the other
Party to perform or assume all or part of the obligation and responsibilities shall not be deemed as a waiver of the right or release of the obligation and responsibilities. 
 Any tolerance, grace or postponement for performing the rights under this Contract of one Party shall not affect his rights stipulated by this Contract, laws and regulations, and shall not be deemed as a
waiver of this right. 
 Article 18 Alteration, amendment and termination 
 This Contract can be altered and amended in written form through negotiation of the Parties, and any alternation and amendment shall be deemed as an integral part of this Contract. 

 This Contract may not be terminated until all the rights and obligations are fully preformed, unless
otherwise stipulated in laws and regulations or agreed by the both Parties. 
 Any invalid terms in this Contract shall not affect the legal
validity of other terms, unless otherwise specified in laws and regulations or agreed by Parties. 
 Article 19 Governing law and dispute
settlement 
 This Contract is governed by the laws of the People’s Republic of China. 
 Any dispute and controversy arising out of execution, performance of or in connection with this Contract may be resolved through negotiation. In case the
negotiation does not reach a resolution, any Party can resolve the dispute and controversy in accordance with the method stipulated in the Main Contract. 
 In the course of dispute settlement, the Parties shall continue to perform other terms of this Contract that are not affected by the dispute. 
 Article 20 Fees 
 Unless otherwise provided in laws or agreed by both Parties, the Mortgagor
shall be responsible for all the fees (including but not limited to attorney fees) for execution and performing of this Contract or resolving the dispute under this Contract. 
 Article 21 Annex 
 The following annexes and other annexes agreed by both Parties are
integral parts of this Contract, and have same legal force with the Contract. 
  

	1.	Collateral List; 

 Article 22 Miscellaneous

  

	1.	Without the Mortgagee’s written consent, the Mortgagor shall not assign or transfer any or all of his rights or obligations hereunder to the third party.

  

	2.	If the Mortgagee entrusts other institutions of Bank of China to perform the rights and obligations for business need, the Mortgagor shall agree to the entrustment.
Other institutions of Bank of China authorized by the Mortgagor are entitled to all the rights under this Contract, and may submit any dispute under this Contract to the arbitration committee. 

  

	3.	This Contract is legally binding on both Parties and their successors and assignees without prejudice to other provisions of this Contract. 

	4.	Unless otherwise agreed by the Parties, the addresses provided in this Contract of both Parties shall be deemed as the contact address. If there is an alternation of
the address of one Party, that Party shall notify the other Party in writing immediately. 

  

	5.	The title and business name in this Contract is used only for convenient reference, which shall not be used to interpret the terms or the rights and obligations of both
Parties. 

 Article 23 Effectiveness of the Contract and Mortgage 
 This Contract shall come into force from the date of signing and sealing by legal representatives, principals or authorized signatories of both Parties.
However, if mortgage registration is required by laws, this Contract shall become effective upon the date when the registration procedures are completed. 
 The mortgage becomes effective upon the effectiveness of the Contract. 
 This Contract shall be in
quintuplicate, and each Party holds two copies and the mortgage registration holds one copy. Each copy has the same legal force. 
  

			
	Mortgager: Jinko Solar Co., Ltd.	  	Mortgagee: Bank of China, Shangrao Branch
		
	Seal: /s/ Jinko Solar Co., Ltd.	  	Seal: /s/ Bank of China, Shangrao Branch
		
	Date: February, 2009	  	Date: February, 2009English translation of Form of Maximum Amount Guarantee Contract

 Exhibit 10.21 
 **** INDICATES CONFIDENTIAL MATERIAL OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED WITH THE SECURITIES AND EXCHANGE COMMISSION SEPARATELY WITH A REQUEST FOR CONFIDENTIAL TREATMENT.

 MAXIMUM AMOUNT GUARANTEE CONTRACT 
 (the “Contract”) 
 Serial No.:
             
  

					
	Guarantor	 	:	 	 (the “Guarantor”)    

			
	Identity No.	 	:	 	  

			
	Domicile Address on ID Card	 	:	 	  

			
	Current Resident Address	 	:	 	  

			
	And	 		 	
			
	Creditor	 	:	 	 Bank of China, Shangrao Branch (the “Creditor”, together with the Guarantor, the
“Parties” and each, a “Party”)

			
	Responsible Person	 	:	 	 Jiang Ping

			
	Domicile Address	 	:	 	 #43 Shengli Road, Shangrao City, Jiangxi Province, 334000, P.R.China

			
	Tel.	 	:	 	 0793-8300659

			
	Fax	 	:	 	 0793-8300494

 In order to ensure the performance of the debt under the main contract (the “Main
Contract”) specified in Article 1 of this Contract, the Guarantor is willing to provide guarantee to the Creditor. This Contract is entered into by and between the Parties through equal negotiation. Unless otherwise provided herein, terms of
this Contract shall be interpreted in accordance with the Main Contract. 

 ARTICLE  1 MAIN CONTRACT 
 The Main Contract of this Contract is: 
 Any loan, trade financing, letter of
guarantees, capital business and other accredited business contract or agreement, and its amendments or supplements (named jointly as the “Single Contract”) entered into by and between the Creditor and JIANGXI JINKO SOLAR CO., LTD
(the “Debtor”) during the term from December 25th 2008 through December 25th
2012, and wherein stipulated that it is the main contract of this Contract. 
 ARTICLE 2 MAIN CREDITOR’S RIGHT & TERM OF OCCURRENCE 
 Unless otherwise stipulated by laws or agreed by the
Parties, the creditor’s right occurring under the Main Contract during the following term shall constitute the main Creditor’s right under this Contract: 
 The term from December 25th 2008 to December 25th 2012 as specified in Article 1 of this Contract. 
 ARTICLE 3 MAXIMUM AMOUNT OF GUARANTEED
CREDITOR’S RIGHT 
  

	3.1.	The maximum amount of the balance of the principal of the creditor’s right guaranteed by this Contract is as follows: 

 Currency: RMB. 
 (In words): Four Hundred Million Yuan. 
 (In Arabic Numerals): RMB400,000,000.00 
  

	3.2.	If the debt occurs in the term stipulated in Article 2 of this Contract and deemed as guaranteed by this Contract, any and all interests (including statutory interests,
agreed interests, compound interests, and penalty interests), liquidated damages, damages, expense for the realizing the creditor’s right (including but not limited to legal costs, attorney fees, notary public fees, execution costs, etc.),
losses arising due to the Debtor’s breach of contract, and other fees payable shall also be deemed as the guaranteed amount, the specific amount of which shall be determined at the time of the repayment. 

 The total amount fixed by Articles 3.1 and 3.2 is the maximum amount guaranteed by this Contract. 

 ARTICLE 4 FORM OF GUARANTEE 
 The form of guarantee for the purpose of this Contract shall be the form specified in Article 4.1 below: 
  

	4.1.	Joint and several liabilities guarantee; 

  

	4.2.	General guarantee. 

 ARTICLE 5
OCCURRENCE OF GUARANTEE LIABILITIES 
 In the event that the Debtor fails to pay back the debt to the Creditor as per their agreement on any
repayment due date or early repayment date as specified under the Main Contract, the Creditor may require the Guarantor to perform the guarantee liabilities. 
 The aforesaid repayment due date means the date when the principal, the interests or any other any payment agreed in the Contract is due; the aforesaid early repayment date means the payment date proposed
by the Debtor and accepted by the Creditor, or the date the Creditor requires the Debtor to repay the principal, the interests or any other payment according to the stipulations of the Contract. 
 Any mortgage, pledge and guarantee under other contracts of the Main Contract shall not prejudice the creditor’s right under this Contract, and shall
not be used by the Guarantor as a defense against the Creditor. 
 ARTICLE 6 GUARANTEE TERM 
 The guarantee term herein is two years from the expiration date of the term of occurrence as specified in Article 2 of this Contract. 
 Within the guarantee term, the Creditor may require the Guarantor to perform the guarantee liabilities in whole or in part, for multiple or a single sum,
collectively or respectively. 
 ARTICLE 7 LIMITATION OF ACTIONS FOR GUARANTEED DEBT 
 In the event the principal is not discharged, the Guarantor has a joint and several liabilities guarantee, and the Creditor demands the Guarantor to perform
the guarantee liabilities in accordance with the term specified in Article 6 of this Contract, the limitation of actions applies and commence on the date the Creditor so demands. 

 Under the general guarantee, if the Creditor brings a suit before a court or applies for arbitration within
the guarantee term as specified in Article 6 of this Contract, the limitation of actions applies and commence on the date when the judgment or tribunal award takes effect. 
 ARTICLE 8 RELATIONSHIP BETWEEN THIS CONTRACT AND THE MAIN CONTRACT 
 If the Main
Contract contains a Credit Line Agreement / General Agreement on Accredited Business, written consent from the Guarantor is needed for any extension made to the use period of credit line / business cooperation period. If the Guarantor’s
consent is not obtained or the Guarantor dissents, the Guarantor shall only be responsible for the principal occurs in the original use period of credit line / business operation period and in the original scope of the maximum amount of guaranteed
debt as stipulated in Article 3 of this Contract. The guarantee term remains unchanged. 
 No Guarantor’s consent is required for changes
or modifications made to other content or items of the Credit Line Agreement / General Agreement on Accredited Business or to any single agreement thereof or to any single main contract. The Guarantor shall continue to undertake guarantee
liabilities under the amended Main Contract as specified in Article 3 of this Contract. 
 Maximum amount of guarantee specified in Article 3 of
this Contract may be changed in writing if Parties both agree. 
 No Guarantor’s consent is required when the Creditor entrust other
institutions of Bank of China to perform the rights and obligations or transfer the main debt to a third party, and the Guarantor’s liabilities is not reduced or exempted. 
 ARTICLE 9 REPRESENTATIONS AND UNDERTAKINGS 
 The Guarantor hereby represents and
undertakes that: 
  

	9.1.	The Guarantor is a legitimate citizen of the People’s Republic of China, with full civil capacity, and has full disposal rights towards the property that the
Guarantor provides as a collateral. 

  

	9.2.	The Guarantor has full and legitimate rights to sign and perform this Contract. 

  

	9.3.	The files and materials concerning the Guarantor that the Guarantor provides to the Creditor directly or through the Debtor are accurate, authentic and valid.

	9.4.	This Contract is an independent and irrevocable legal document signed by the Guarantor on his own will, which is not conditioned on or will not be substituted by any
other securities that have already been set up for or will be set up for the Main Contract, and will not be affected by any agreements, contracts or other documents entered into by and between the Debtor and any third parties, and will not be
affected if the Debtor loses its status as a legal entity, bankrupted, have its articles of association amended, is closed, ceased, merged, transferred or made any other changes to its structure. 

  

	9.5.	The Guarantor shall inform the Creditor immediately in the event of severe bodily injuries, change in the personal assets status, family status, or other relevant
conditions. 

  

	9.6.	The Guarantor under takes that there is no charge or litigation that has been raised or is to be raised by anybody before any court, arbitration committee or
governmental body that may severely compromise the Guarantor’s ability to perform this Contract, or may prejudice the legitimacy, validity or enforceability of this Contract; and there is no such danger that the Guarantor may be entangled in
such legal proceedings. 

  

	9.7.	The Guarantor shall obtain the Creditor’s written opinions before proceeding with the following conducts, otherwise the Creditor may demand early performance of
the Guarantor: 

 9.7.1 Reduce the value of the Guarantor’s personal assets; 
 9.7.2. Reduce the capital invested in the Debtor as a natural-person shareholder; 
 9.7.3. Relocate the address the Guarantor domiciles or resides, or dispose the Guarantor’s main household property. 
  

	9.8	Any counter-guarantee agreement entered by and between the Guarantor and the Debtor shall not prejudice in law or in fact the Creditor’s rights under this
Contract. 

  

	9.9.	The Guarantor shall accept the Creditor’s supervision and examination on the Guarantor’s credit status; fully cooperate with, and provide the Creditor with
files and materials concerning the household financial status, personal assets, external liabilities, guarantees undertaken and other relevant aspects. 

  

	9.10.	In the event that the Debtor fails to repay the principal and the interests of the guaranteed debt on due date or on the early payment date due to the breach of the
Main Contract (including compound interest and penalty interests), the Guarantor shall be liable to discharge such debt for the Debtor. Creditor may collect such amount directly from the Guarantor’s deposit account, and pursue the repayment
from the Guarantor in accordance with this Contract until the full amount of guaranteed debt owed by the Debtor under the Main Contract has been repaid. 

	9.11.	Representations and undertakings under this Contract have continuous legal effect, the guarantee liabilities shall not be effected by any tolerance, term-extension,
preferential treatment, or postponement granted to the Debtor or the Guarantor or by any amendments or supplements made to the Main Contract. Such representations and undertakings shall be deemed as restated by the Guarantor when any amendments,
supplements or modifications are made to this Contract. 

  

	9.12.	The Guarantor hereby undertakes that the performance of the guarantee liabilities is not conditioned on the preceding claim on any mortgage or pledge interest under the
Main Contract. 

  

	9.13.	This Contract is an independent guarantee contract, therefore, regardless whether or not the Main Contract has flaws, once the Debtor performs under the Main Contract,
the Guarantor shall undertake the unlimited guarantee liabilities subject to the scope herein, and supervise the repayment by the Debtor (both the principal and the interests). 

 ARTICLE 10 BREACH AND SETTLEMENT 
 The
Guarantor shall be deemed as breach of the Contract under any of the following circumstance: 
  

	10.1.	The Guarantor fails to perform the guarantee liabilities in a timely manner in accordance with this Contract; 

  

	10.2.	The Guarantor provides an untrue representation or violates the undertakings in this Contract; 

  

	10.3.	The Guarantor’s ability to perform this Contract is severely compromised by the occurrence of instances as specified under Section 9.6 of this Contract;

  

	10.4.	The Guarantor violates other stipulations regarding the Parties’ rights and obligations in this Contract; 

  

	10.5.	The Guarantor violates the stipulations of other guarantee between the Guarantor and the Creditor, or Guarantor and other institutions of Bank of China.

 When the aforesaid breach arise, the Creditor may take any or all measures as follows:

  

	 	1.	Require the Guarantor to rectify the breach within the time limit; 

  

	 	2.	Other measures deemed necessary by the Creditor. 

 ARTICLE 12 RESERVATION OF RIGHT 
 No failure to exercise all or part of the right under this Contract or require the other
Party to perform or assume all or part his obligation and responsibilities shall be deemed as a waiver of the right or release of the obligation and responsibilities. 
 No tolerance, grace or postponement of one Party to the other under this Contract may affect the rights under this Contract, or any laws and regulations, and may be deemed as a waiver of the right.

 ARTICLE 13 ALTERATION, AMENDMENT OR TERMINATION 
 This Contract can be amended or modified in writing through negotiation of the Parties, and any amendment or modification shall be deemed as an integral part of this Contract. 
 This Contract may not be terminated until all the rights and obligations are preformed, unless otherwise stipulated in laws and regulations or agreed by the
Parties. 
 No invalid terms in this Contract may affect the legal validity of other terms, unless otherwise stipulated in laws and regulations
or agreed by the Parties. 
 ARTICLE 14 GOVERNING LAW AND DISPUTE SETTLEMENT 
 This Contract is governed by the laws of the People’s Republic of China. 
 Any dispute and controversy arising out of execution, performance of or in connection with this Contract shall be resolved through negotiation. In case negotiation fails to resolve the dispute, any Party
may resolve the dispute and controversy in accordance with the method stipulated in the Main Contract. 
 In the course of dispute settlement,
the Parties shall continue to perform other terms of this Contract that are not affected by the dispute. 
 ARTICLE 15 FEES

 Unless otherwise provided in laws or agreed by both Parties, the Guarantor shall be responsible for all the fees (including attorney fees)
arising from the execution and performing of this Contract or resolving the dispute under this Contract. 

 ARTICLE 16 APPENDIX 
 Any appendix agreed by both Parties is an integral part of this Contract, and shall have the same legal force with this Contract. 
 ARTICLE 17 MISCELLANEOUS 
  

	17.1.	Without the Creditor’s written consent, the Guarantor shall not assign or transfer any or all of the rights or obligations hereunder to the third party.

  

	17.2.	If the Creditor entrusts other institutions of Bank of China to perform the rights and obligations for business need, the Guarantor shall agree to the entrustment.
Other institutions of Bank of China authorized by the Creditor are entitled to all the rights under this Contract, and may submit any dispute under this Contract to the arbitration committee. 

  

	17.3.	This Contract is legally binding on both Parties and their successors and assignees without prejudice to other provisions of this Contract. 

  

	17.4.	Unless otherwise agreed by the Parties, the addresses provided in this Contract shall be deemed as the contact address of both Parties. If there is an alternation of
the address of one Party, that Party shall immediately notify the other Party in writing. 

  

	17.5.	The title and business name in this Contract is used only for convenient reference, which shall not be used to interpret the terms or the rights and obligations of both
Parties. 

 ARTICLE 18 EFFECTIVENESS 
 This Contract becomes effective upon the execution of the Parties. 
 This Contract shall be in
triplicate, and each of the Guarantor, the Creditor and the Debtor holds one copy. Each copy has the same legal force. 

							
	Guarantor:	 	     /s/ Xiande Li; Xianhua Li;
	  	Creditor:	 	Bank of China
			
	 Kangping Chen
	  		 	Shangrao Branch
				
	Identity No.:	 	  
	  		 	Authorized Representative:
				
		 		  		 	        /s/ Xianfeng Feng        
				
	Guarantor’s Spouse:	 	 /s/ Xiafang Chen;
	  		 	
			
	Jianfeng Sheng; Min Liang	  		 	
				
	Identity No.:	 	  
	  		 	
	
	            (MM)             (DD)             
(YYYY)             ( MM)
            (DD)                    (YYYY)

											
	 Contract Serial No.
	  	 Name of
 Guarantor
	  	 ID Number
 of the
 Guarantor
	  	 Domicile Address
 on ID Card
 of the
Guarantor
	  	 Name of
 Guarantor’s
 Spouse
	  	ID Number
of
the
Guarantor’s Spouse
	2009 Rae Si E Zip No.01	  	Xiande LI	  	****	  	****	  	Xiafang CHEN	  	****
	2009 Rae Si E Zip No.02	  	Kangping CHEN	  	****	  	****	  	Min LIANG	  	****
	2009 Rae Si E Zip No.03	  	Xianhua LI	  	****	  	****	  	Jianfen SHENG	  	****

  

	****	Confidential material omitted and filed separately with the Commission.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]