loancontract
contractnumber：
borrower：
address：
lender：
address：
inaccordancewithprovisionsofcontractlawofthepeoplesrepublicofchinaandbankofchina，afterreviewingthestatusandtherequestoftheborrower，thelenderagreestogranttheborroweralineofcrediton.theborrower，lenderandguarantor，throughfriendlynegotiation，haveexecutedthiscontractasfollows：
article1currency，amountandtermoftheloan：
1.thecurrencyunderthisloanisreiminbi.
2.thelineoftheloanisyuan.
3.theperiodofthisloanis12monthsfromthedateofeffectivenessofthiscontract.
article2thepurposeoftheloan：
1.thepurposeofthisloanisusedforworkingcapitalturnover.
2.withoutwrittenapprovalofthelender，theborrowercouldnotusetheloanoutofthescopeofthepurpose.
article3interestrateandcalculationofinterest：
1.interestrate：theinterestrateshallbe[*]duringtheloanterm，ifthecountrysrelatedauthorityadjustedtheinterestrateorthemannerofcalculationofinterest，theinterestofthiscontractshallbeadjustedaccordinglyafteroneyearfromthedateofexecutionofthiscontract.
theadjustmentshallbeconductedwhentheinterestrateareexecutedoneyear.itisnotobligedtoinformtheborrowerwhentheadjustmentofinterest.
2.theinterestshallbecalculatedfromthedateoffirstdrawdownandtheactualdaystheborroweruse.oneyearshallbecalculatedas360days.
3.thepaymentofinterests：theborrowershallpaytheinterestsperquarter.thepaymentdateshallbe，and.ifthepaymentforthelastinstallmentisnotonthepaymentdate，theinterestsshalldeducttheinterestfromthebankaccountoftheborrower.intheeventthattheborrowerfailstopaytheinterestsontimeandthebalanceoftheaccountoftheborrowerisnotenoughforthepaymentofinterest，thelendershallhaverightstocollectapenaltybeing[*]oftheoutstandingamountperdayfortheborrowersbreachofcontract.
article4overdueinterestsandmisusinginterests
1.iftheborrowerfailstorepaytheloanandcannotreachaagreementwiththelenderregardingtheextension，thelendershallcollectanoverduepenaltyfor[*]oftheoverdueamountperday.
2.iftheborrowerfailstousestheloaninaccordancewiththeprovisionssetforthinthiscontract，thelendershallhaverighttochargeainterestsforthemisusingpartatarateof[*]perday.
article5account
theborrowershallopenreiminbibasicaccountand/orforeigncurrencyaccountatthelenderorlendersbranchfortheuseofdraw-down，repayment，paymentofinterestsandfees.
article6draw-down
1.theloanunderthiscontractisrevolving，thebalanceofthiscontractshallnotmorethanthelineofcredit.