Common use of Governing Law, Jurisdiction and Dispute Resolution Clause in Contracts

Governing Law, Jurisdiction and Dispute Resolution. 1. This Agreement shall be governed by and construed in accordance with the PRC law, and any dispute in connection with this Agreement shall be resolved in accordance with the PRC law. 2. In case of any controversy or dispute in connection with this Agreement arising from the performance of this Agreement, such controversy or dispute may be resolved through negotiation. If such negotiation fails, such controversy or dispute shall be resolved in accordance with the method set forth in Item (2) below: (1) to institute legal proceedings before the court at the place where the Lender resides; (2) to refer the controversy or dispute to Shenzhen Arbitration Commission for arbitration under its then effective arbitration rules (place of which shall be in Shenzhen). An arbitral award by Shenzhen Arbitration Commission shall be final and binding on all the parties involved in arbitration; or (3) any other ways of dispute resolution: N/A. 3. During the period when a controversy or dispute is pending hereunder, the terms that are not in dispute shall continue to be performed, and the Borrower shall not refuse to perform any obligations under this Agreement on the grounds that any controversy or dispute is pending for resolution.

Governing Law, Jurisdiction and Dispute Resolution. 1. This Agreement shall be governed by and construed in accordance with the PRC law, and any dispute in connection with this Agreement shall be resolved in accordance with the PRC law. 2. In case of any controversy or dispute in connection with this Agreement arising from the performance of this Agreement, such controversy or dispute may be resolved through negotiation. If such negotiation fails, such controversy or dispute shall be resolved in accordance with the method set forth in Item __(2) below2)___below: (1) to institute legal proceedings before the court at the place where the Lender residesof execution of this Agreement; (2) to refer the controversy or dispute to Shenzhen Arbitration Commission for arbitration under its then effective arbitration rules (place of which shall be in Shenzhen). An arbitral award by Shenzhen Arbitration Commission shall be final and binding on all the parties involved in arbitration; or (3) any other ways of dispute resolution: N/A.________________________________________. 3. During the period when a controversy or dispute is pending hereunder, the terms that are not in dispute shall continue to be performed, and the Borrower shall not refuse to perform any obligations under this Agreement on the grounds that any controversy or dispute is pending for resolution.