Common use of Commitment of the Borrower Clause in Contracts

Commitment of the Borrower. 7.1 Drawing down and utilizing the borrowings in accordance with the period and purpose agreed in this Contract, and the borrowings will not be transferred to the securities market in any form; shall not be used for real estate development, purchase of real estate or other purposes prohibited or restricted by relevant laws and regulations, and shall not be used for the personal use of legal representatives, their close relatives or other related persons. 7.2 Payment of the principal amount of the loan, interest and other amounts payable in accordance with this contract. 7.3 Accepting and actively cooperating with the Lender's inspection and supervision of the use of the Borrowed Funds, including the purpose of use, by means of account analysis, voucher inspection and on-site investigation, and reporting the use of the Borrowed Funds on a regular basis in a summarized manner as required by the Lender. 7.4 Accept credit inspection by the lender and provide timely, true, accurate and complete financial information and other information reflecting the solvency of the borrower as required by the lender. Including all account opening banks, bank account numbers, deposit balances, etc., and actively assist and cooperate with the lender in the investigation, understanding and supervision of the production and operation and financial situation of the Borrower. 7.5 No dividends or bonuses in any form shall be paid in respect of principal, interest and other moneys due (including those declared to be immediately due) on borrowings and other moneys payable under this contract. 7.6 To obtain the prior written consent of the lender for any merger, demerger, capital reduction, change in equity, pledge of equity, entry into or exit from a partnership, transfer of significant assets and claims, significant foreign investment, substantial increase in debt financing, and other actions that may adversely affect the rights and interests of the lender. 7.7 Promptly notify the lender of the occurrence of one of the following events: (1) Change of name, official seal, articles of incorporation, domicile, legal representative or person in charge, and mailing address; (2) Going out of business, being dissolved, liquidated, suspended, having its business license revoked, being revoked, or filing (being filed) for bankruptcy: (3) Involved in or likely to be involved in major economic disputes, litigation, arbitration, or assets being seized, impounded or enforced, or being investigated or taking punitive measures by the judiciary, taxation, industry and commerce, and other authorized organs in accordance with the law; (4) Shareholders, directors and current senior management or shareholders and contributors are suspected of major cases or economic disputes. 7.8 Timely, full and accurate disclosure of related party relationships and related transactions to the Lender. 7.9 Sign for all types of notices mailed or otherwise delivered by the Lender in a timely manner. 7.10 Own assets are not disposed of in a manner that reduces solvency; guarantees to third parties are not provided to the detriment of the lender. 7.11 The Borrower’s obligations hereunder shall have priority in the order of satisfaction over the Borrower's obligations to its shareholders, legal representatives, or persons responsible for the debts, partners, major contributors or key management personnel are at least on a par with the debts of other creditors of the borrower of the same class. 7.12 Have been informed of and fully understand the various aspects of the e-banking system of ICBC Internet Banking and other electronic banking systems in relation to this Contract. The Borrower shall keep the client certificate and password in a safe place, and any operation using the Borrower's client number (card number), password or client certificate shall be regarded as the Borrower's own act, and the resulting electronic information records shall be used as proofs for proving and dealing with the borrowing and lending relationship under the present contract. 7.13 Insufficient borrower repayment funds (including, but not limited to, amounts obtained by the lender through garnishments, dispositions of collateral, etc.) In order to settle all debts of the Borrower to the Lender under this Contract and other contracts, the Lender shall have the right to decide the order of settlement. 7.14 Enhance environmental and social risk management and accept the supervision and inspection of the lender in this regard. Submit reports on environmental and social risks to the lenders if requested by the lenders.

Commitment of the Borrower. 7.1 Drawing down 8.1 To draw and utilizing use the borrowings loan in accordance with the period term and purpose agreed in this Contractherein, and the borrowings will not be transferred to the securities market in any form; loan shall not be used for real estate developmentfixed assets and equity investment, purchase of real estate or and shall not flow into the securities market, futures market in any form and other purposes prohibited or restricted by relevant laws and regulations, and shall not be used for the personal use of legal representatives, their close relatives or other related persons. 7.2 Payment of 8.2 Discharge the principal amount of the loanprincipal, interest and other amounts payable in accordance with this contractof the loan as agreed herein. 7.3 Accepting 8.3 Accept and actively cooperating cooperate with the Lender's inspection Lender to inspect and supervision of supervise the use of the Borrowed Funds, loan funds including the purpose of use, their use by means of account analysis, voucher inspection and on-site investigation, and reporting regularly summarize and report the use of loan funds according to the Borrowed Funds on a regular basis in a summarized manner as required by requirements of the Lender. 7.4 8.4 Accept the credit inspection by of the lender lender, provide financial accounting data such as balance statement, income statement and provide timely, true, accurate and complete financial information loss data and other information materials reflecting the solvency of the borrower as required by the lender. Including all account opening banks, bank account numbers, deposit balances, etc., and actively assist and cooperate with the lender in the investigation, understanding and supervision of the production and its production, operation and financial situation situation. 8.5 For the outstanding principal and interest of the Borrower. 7.5 No dividends or bonuses in any form shall be paid in respect of principal, interest loan and other moneys amounts due (including those declared to as payable immediately), dividends and dividends shall not be immediately due) on borrowings distributed in any form. 8.6 For merger, division, capital reduction, equity changes, equity pledge, material assets and debt transfer, major foreign investment, substantial increase debt financing and other moneys payable under this contract. 7.6 To obtain action that may adversely affect the lender rights, prior written consent of the lender for any merger, demerger, capital reduction, change in equity, pledge of equity, entry into or exit from a partnership, transfer of significant assets and claims, significant foreign investment, substantial increase in debt financing, and other actions that may adversely affect the rights and interests of the lender’s claims to the lender’s satisfaction. 7.7 Promptly notify 8.7 Timely notification to the lender Lender of the occurrence of one any of the following eventscircumstances: (1) Change of name, official seal, the articles of incorporationassociation, domicilebusiness scope, registered capital and legal representative or person in charge, and mailing addressrepresentative; (2) Going out of businessClosed, being dissolveddissolution, liquidatedliquidation, suspendedbusiness for rectification, having its business license revoked, being revoked, revoked or filing application for (being filedapplication) for bankruptcy:; (3) Involved in Involving or likely to be involved in may involve major economic disputes, litigation, arbitration, or assets being seizedthe property is sealed up, impounded detained or enforced, or being investigated or taking punitive measures by the judiciary, taxation, industry and commerce, and other authorized organs in accordance with the supervised according to law; (4) Shareholders, directors and current senior management or shareholders and contributors managers are suspected of major cases or economic disputes. 7.8 8.8 Timely, full comprehensively and accurate disclosure of accurately disclose related party relationships parties and related transactions to the lender. 8.9 Timely sign for all kinds of notices sent or otherwise served by the Lender. 7.9 Sign for all types 8.10 Disposal of notices mailed or otherwise delivered by the Lender in a timely manner. 7.10 Own own assets are not disposed of in a manner that reduces without reducing solvency; guarantees providing guarantee to a third parties are party shall not provided to harm the detriment interests of the lender. 7.11 8.11 If the loan under this Contract is issued by credit, report the external guarantee to the lender completely, truthfully and accurately and regularly, and sign an account supervision agreement according to the requirements of the lender. If the external guarantee may affect the performance of its obligations here under, the written consent of the Lender shall be obtained. 8.12 To bear the expenses incurred by the Lender to realize the creditor’s rights under this Contract, including but not limited to attorney’s fees and auction fees, etc. 8.13 The Borrower’s obligations hereunder shall have priority in the order of satisfaction repayment of the debts under this contract takes precedence over the Borrower's obligations borrower’s debts to its shareholders, legal representatives, or persons responsible for the debts, partners, major contributors or key management personnel are and is at least on a par an equal footing with the borrower’s debts of other creditors of the borrower of the same classkind to other creditors. 7.12 Have been informed of and fully understand the various aspects of the e-banking system of ICBC Internet Banking and other electronic banking systems in relation to this Contract. The Borrower shall keep the client certificate and password in a safe place, and any operation using 8.14 If the Borrower's client number (card number), password or client certificate shall be regarded as the Borrower's own act, and the resulting electronic information records shall be used as proofs for proving and dealing with the borrowing and lending relationship under the present contract. 7.13 Insufficient borrower ’s repayment funds (including, including but not limited to, amounts to the funds obtained by the lender Lender through garnishments, dispositions withholding and disposal of collateral, etc.) In order are insufficient to settle pay off all its debts of the Borrower to the Lender under this Contract and other contracts, the Lender shall have the right to decide the order of settlementrepayment. 7.14 Enhance 8.15 Strengthen environmental and social risk management management, and accept the supervision and inspection of the lender in this regardlender. Submit reports on If requested by the lender, lend to the loan The payer submits an environmental and social risks to the lenders if requested by the lendersrisk report.