Term Sheet of Bank Loan (USD)

Item Contents

Loan term       Repayment schedule as per the feasibility research report

Gross credit line     To be determined according to actual demands of the project, we can underwrite all the credit business

Security/ collateral/credit      Credit

Drawing conditions       Provide the payment contract and other evidentiary materials for the loan purpose

Interest rate    We commit that the loan interest rate shall not be higher than the interest rate quoted by any other bank, and will be properly adjusted downwards provided that it is approved by the head office.

Interest accrual period    Semi-annually

Advance repayment and terms of repayment Not restricted

Commission and other relevant charges Nil

Penal terms     Overdue and diverted loans etc.

Taxes      Stamp duty, at a rate of 0.5/10000 of the contractual amount

Other terms/provisions   Nil

Conditions and commissions of opening a banker’s acceptance bill    Free of cash deposit within the credit line, with a commission at a rate of 5/10000

Conditions and commissions of opening a payment or performance guarantee   Free of cash deposit within the credit line, performance guarantee fee at a rate of 1‰ each quarter, with a minimum of RMB500/quarter; payment guarantee fee at a rate of 1.5‰ each quarter, with a minimum of RMB500/quarter, and if the effective period exceeds one quarter, the fee rate will increase by 0.5‰ each quarter

The bank’s other financial products related to corporate operations    Bill discount, factoring, fund business, e-banking, home/foreign currency financing etc.

Unique preferential policies/products/services     1. Integrated operations. Bank of China sets up BOC Investment, BOC International, and BOC Insurance in Hong Kong, and an investment banking department at Binhai Branch of BOC, and thus may provide integrated commercial banking, investment banking, and insurance services.

2, International settlement advantage. International settlement is always an advantaged business field for BOC, which has correspondence banks distributed in main countries and regions in the world, a sound global fund clearing network, and an absolute advantage of foreign business practical experience and products, and thus may provide a great variety of low-cost, efficient, and multi-channel foreign exchange settlement and trade finance services.

3, Fund business advantage. BOC has always been skilled in foreign exchange business and taken the advantage of broad, close communicating channels between BOC and international financial markets. BOC has significant advantages of product R&D, strong innovative capabilities, and diversified home/foreign currency business products, especially reaches the international advanced level in the innovation and application of financial derivative products, such as import Hui Li Da, long-term loan structured interest rate swap and other products, and may provide the value maintenance and appreciation of fund for customer, prevent exchange rate and interest rate fluctuation risks, and reduce loan costs.

4, Innovative advantage. BOC has first-class talents in each field of the financial profession, and among banks in Binhai New District, Binhai Branch of BOC has always had the advantage of financial innovation, for instance, domestic receivable acquisition business taking the lead in China, customs duty card business, COAPS system, combined foreign exchange settlement and sale business etc.

5, We provide multiple credit products, and may flexibly save part of financial expenses for the Company. We may underwrite multiple forms of credit business for you, for example, project bridge loan + project loan, credit line loan + project loan. The credit line has flexible use modes, and may also support acceptance bill, L/C and many other settlement modes besides direct drawing of project loan, and thus save financial expenses for you.

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