Common use of Loan Arrangements Clause in Contracts

Loan Arrangements. 3.1 The purchase price of entire shares in Party C holding by Party A, purchased by Party B shall be contributed in full amount by Party D. However, Party B shall enter into a loan agreement with Party D to the satisfaction of Party D, in accordance with the content and form of Appendix III hereto. 3.2 Party B agree and irrevocably instruct Party D to pay the aforesaid loan provided to Party B, which used to purchase Party A’s shares, directly to Party A, in accordance with the conditions and terms stated in the frame agreement. 3.3 Party A agrees to contribute his entire income obtained from selling the shares in Party C in accordance with the agreement, to perform its repayment obligations to Party D under the Loan Agreement. The Loan Agreement among Party A and Party D will be terminated when Party A pay off all the loans in accordance with Article 4.2 hereof.

Loan Arrangements. 3.1 The purchase price of entire shares in Party C D holding by Party AA and Party B, purchased by Party B C shall be contributed in full amount by Party D. E. However, Party B C shall enter into a loan agreement with Party D E to the satisfaction of Party DE, in accordance with the content and form of Appendix III hereto. 3.2 Party B C agree and irrevocably instruct Party D E to pay the aforesaid loan provided to Party BC, which used to purchase Party AA and Party B’s shares, directly to Party AA and Party B, in accordance with the conditions and terms stated in the frame agreement. 3.3 Party A agrees and Party B agree to contribute his their entire income obtained from selling the shares in Party C D in accordance with the agreement, to perform its repayment obligations to Party D E under the Loan Agreement. The Loan Agreement among Party A A, Party B and Party D E will be terminated when Party A and Party B pay off all the loans in accordance with Article 4.2 hereof.