Common use of Payment Management Clause in Contracts

Payment Management. A. After the loan is issued, Party B has the right to regularly or irregularly review and check whether the use of loan funds by Party A conforms to the agreement in this Contract and relevant commercial contracts and other documents. Party A has the obligation to fully cooperate and provide timely records and materials of the use of loan funds according to Party B’s requirements, including but not limited to commercial contracts related to the payment of loan funds and other transaction vouchers and materials proving the use of funds. If Party B finds that the use of loan funds is inconsistent with relevant agreements after inspection, it has the right to ask Party A to make corrections within a time limit. If Party A refuses to make corrections, Party B has the right to handle it according to Article 13 of this Contract depending on the circumstances. Among them, if the “Borrow and Repay” model is adopted, Party A shall also provide Party B with proof of loan purpose such as invoices, transaction contracts, transaction records, or accounting vouchers within seven(7) days after each loan is issued; If the non “Borrow and Repay” mode is adopted, Party A shall provide proof of the loan purpose as requested by Party B at any time. B. If Party A pays independently under the non-“Borrow and Repay” mode, Party A shall provide Party B with business contracts related to loan fund payment and other transaction materials proving the use of funds as required by Party B, and summarize and report the payment of loan funds. Party B has the right to check whether the loan payment conforms to the agreed purpose and whether the payment matches the project progress through account analysis, voucher inspection and on-site investigation. C. During the loan issuance and payment under this Contract, Party B has the right to negotiate with Party A to supplement or change the loan issuance and payment conditions, or stop the loan fund issuance and payment by itself as appropriate in case of any of the following circumstances: a. Decline in credit status and weak profitability of main business; b. Failure to use loan funds as agreed in the contract; c. Violating the contract agreement and evading Party B’s entrusted payment by breaking it into smaller parts.

Payment Management. A. After 1. In case of the loan is issuedpayment upon authorization, Party B may request Party A to pay the loan funds on the premise of meeting the following payment conditions: (1) Party B submits the payment application and the corresponding business contract and other evidential materials as required by Party A, and the information on the transaction object and payment amount listed in the payment application is consistent with the evidential materials; (2) The payment application conforms to the loan purpose as stipulated herein; (3) Party B authorizes Party A to pay loan funds to a specific transaction object; (4) Party A has the right to regularly or irregularly review and check whether the use of loan funds information on the payment object, payment amount and other information listed in the payment application provided by Party A conforms to B is consistent with the agreement in this Contract and relevant commercial contracts corresponding business contract and other documentsevidential materials, and has the right to reject the payment application that does not meet the loan purpose as stipulated herein. 2. In case of the payment by Party B itself, Party B shall inform Party A has the obligation to fully cooperate and provide timely records and materials of the use payment of the loan funds according to the summary of , and provide the information such as the transaction object and payment amount as well as corresponding business contract and other evidential materials according to Party A’s requirements. 3. Party B may not use the loan funds for investment in fixed assets, equity, etc., and shall not be used the loan funds in areas or for purposes prohibited by the state for production or operation. 4. Party B agrees that in the case of the payment upon authorization, Party A shall first transfer the loan to Party B’s requirementsaccount, and then directly transfer the loan to Party B’s transaction object from Party B’s account. During the period of the stay of loan funds on Party B’s account, Party B shall not withdraw the loan funds, and in case that such funds are imposed on compulsory measures, including but not limited to commercial contracts related to the payment of loan funds and other transaction vouchers and materials proving the use of funds. If Party B finds that the use of loan funds is inconsistent with relevant agreements after inspectionfreezing, it has the right to ask Party A to make corrections within a time limit. If Party A refuses to make correctionsdeduction, etc., Party B has shall independently bear the right liability which is unrelated to handle it according to Article 13 of this Contract depending on the circumstances. Among themParty A, if the “Borrow and Repay” model is adopted, Party A shall also provide Party B with proof of loan purpose such as invoices, transaction contracts, transaction records, or accounting vouchers within seven(7) days after each loan is issued; If the non “Borrow and Repay” mode is adopted, Party A shall provide proof still be liable for repayment. 5. Regardless of the loan purpose as requested payment upon authorization or payment by Party B at any time. B. If Party A pays independently under the non-“Borrow and Repay” modeitself, Party A shall provide Party B with business contracts related to loan fund payment and other transaction materials proving the use of funds as required by Party B, and summarize and report the payment of loan funds. Party B has the right to check whether once the loan payment conforms funds are transferred to the agreed purpose and whether the payment matches the project progress through account analysis, voucher inspection and on-site investigation. C. During the loan issuance and payment under this Contract, Party B has the right to negotiate with Party A to supplement or change the loan issuance and payment conditions, or stop the loan fund issuance and payment by itself as appropriate in case of any of the following circumstances: a. Decline in credit status and weak profitability of main business; b. Failure to use loan funds as agreed in the contract; c. Violating the contract agreement and evading Party B’s entrusted payment by breaking account according to Party B’s application for withdrawal or entrustment, it into smaller partsis deemed that Party B’s withdrawal is successful hereunder. Party A’s obligation of loan release is fulfilled, and Party B shall repay the loan in accordance with the Contract.

Payment Management. A. ① After the loan is issued, Party B has shall have the right to regularly or irregularly review and check whether Party A uses the loan funds as agreed in this Contract, and Party A is obligated to fully cooperate and timely provide the records and materials for the use of loan funds as required by Party A conforms to the agreement in this Contract and relevant commercial contracts and other documents. Party A has the obligation to fully cooperate and provide timely records and materials of the use of loan funds according to Party B’s requirements, including but not limited to commercial business contracts related to the payment of loan funds, and other transaction vouchers and materials that can prove the use of funds. Where it’s found by Party B in the inspection that the use of loan funds is inconsistent with the intended use under this Contract, it has the right to require Party A to make correction within a specified period. If Party A refuses to correct, Party B shall be entitled to deal with it according to the provision of Articles XIII hereunder. For “as-needed drawdown and repayment” mode, Party A shall also provide Party B with invoices, transaction contracts, transaction statements or accounting documents, and other certification materials for the use of loan funds within 7 days after each sum of loan funds is issued; For other modes than the “as-needed drawdown and repayment”, Party A shall provide the above-mentioned certification materials for the use of loan funds at any time as required by Party B. ② In other modes than the “as-needed drawdown and repayment”, if Party A applies independent payment, it shall provide Party B with business contracts related to the payment of loan funds and other transaction vouchers and materials proving the use of funds. If Party B finds that the use of loan funds is inconsistent with relevant agreements after inspection, it has in the right to ask Party A to make corrections within a time limit. If Party A refuses to make corrections, Party B has the right to handle it according to Article 13 of this Contract depending on the circumstances. Among them, if the “Borrow and Repay” model is adopted, Party A shall also provide Party B with proof of loan purpose such as invoices, transaction contracts, transaction records, or accounting vouchers within seven(7) days after each loan is issued; If the non “Borrow and Repay” mode is adopted, Party A shall provide proof of the loan purpose as requested by Party B at any time. B. If Party A pays independently under the non-“Borrow and Repay” mode, Party A shall provide Party B with business contracts related to loan fund payment and other transaction materials proving the use of funds as required by Party Bprevious quarter, and summarize and report the payment of loan funds. Party B has shall have the right to check whether the loan payment conforms to is consistent with the agreed purpose intended use and whether the payment matches is made based on the project progress through by account analysis, voucher inspection verification and on-site field investigation. C. During . ③ Under any of the following circumstances of Party A during loan issuance and payment under this Contract, Party B has shall have the right to negotiate with Party A to supplement or change the conditions for loan issuance and payment conditionspayment, or stop the loan fund issuance and payment by itself of loan funds as appropriate in case of any of the following circumstancesappropriate: a. Decline in A. The credit status declines, and weak the profitability of main businessbusiness is not good; b. Failure B. Party A fails to use the loan funds as agreed in the contractthis Contract; c. Violating C. Party A violates the contract agreement provisions of this Contract, and evading Party B’s avoids the entrusted payment by breaking it Party B by splitting large amount into smaller partssmall ones.