Before signing this Contract, Borrower should read the Contract carefully,especially the sections marked with ***, and should confirm that Borrower has no disagreement with the Contract. BANK OF COMMUNICATIONS LOAN CONTRACT (For Medium or Short Term Working Capital Loan) Loan No.: Wei Jiao Yin 2001 Loan 6-031Borrower: Weifang Fuhua Amusement Park Co., Ltd.Address: East End of Dong Feng East Street, Weifang CityLegal representative: Jie YangLender: Weifang Branch of the Bank of CommunicationsAddress: 358 Dong Feng East StreetAccording to applicable laws and regulations of the People's Republic of China(the "PRC"), the Borrower and Lender, after reaching an agreement throughnegotiations, hereby enter into this contract pursuant to Borrower's applicationto Lender for a working capital loan (the "Loan") Article 1. The Loan1.1. Type of currency: RMB1.2. Loan amount (full-form characters): Four hundred and fifty thousand yuan exactly. The actual principal borrowed by Borrower shall be the number written on the financial voucher issued by Lender.1.3. Loan term: July 24, 2001 to June 20, 20021.4. The Loan under this Loan Contract shall be solely for industrial/business use. Borrower shall not divert the funds under this Loan Contract to any other purpose. Article 2. Interest Rate and Interest Calculation2.1. Interest rate: 5.3625%, based on 30 days in a month and 360 days in a year.2.2. During the term of this Loan Contract, interest may be changed as prescribed by the People's Bank of China when said Bank adjusts its interest rate or rate calculation method, in which case Borrower's approval is not necessary. 2
2.3. The formula for calculating the interest is as follows: Interest on the loan = (the prescri...
