Common use of Statements and Warranties Clause in Contracts

Statements and Warranties. The Borrower makes the following representations and guarantees to the Lender, valid throughout the term of this Contract: 7.1 It shall have the qualification of the borrower according to law and have the qualification and ability to sign and perform this contract. 7.2 This Contract has obtained all necessary authorization or approval. The signing and performance of this Contract shall not violate the provisions of the articles of Association and relevant laws and regulations, and shall not conflict with other obligations under the Contract. 7.3 Operating in accordance with the law, with good credit status, and the other debts payable have been paid on schedule, and having no malicious default on the principal and interest of bank loans. 7.4 With a sound organization and financial management system, no major violations of discipline have occurred in the production and operation process in the recent year, and the current senior manager does not have any major bad record. 7.5 All documents and materials provided to the Lender are true, accurate, complete and valid and free from false records, material omissions or misleading statements. 7.6 The financial and accounting reports provided to the Lender are prepared in accordance with Chinese accounting standards, which truly, fairly and completely reflect the operating conditions and liabilities of the borrower, and there have been no material adverse changes in the financial condition of the Borrower since the date of the latest financial and accounting reports. 7.7 Failure to conceal the litigation, arbitration or claim from the Lender. There is no ongoing litigation, arbitration, other administrative procedures or claims that may affect the Borrower’s execution or performance of the Contract and the payment of the debts under this Contract. 7.8 Failure to conceal from the Lender any matter that has occurred or has occurred and may affect its financial position and solvency.

Statements and Warranties. The Borrower makes the following representations and guarantees warranties to the Lender, Lender which shall remain valid throughout the term of this Contract: 7.1 It shall have the qualification of the borrower according to law and have the qualification and ability to sign and perform this contractContract. 7.2 This The signing of this Contract has obtained all necessary authorization or approval. The signing and performance of this Contract shall not violate the provisions of the articles of Association association and relevant laws and regulationsregulations of the Company, and shall not conflict with contradict any other obligations under the Contract.this contract 7.3 Operating Operation in accordance with the law, with good credit status, and the other debts payable have been paid on schedule, and having no malicious default on the principal and interest of bank loans. 7.4 With It has a sound organization organizational structure and financial management system, no major violations of discipline have occurred rules and disciplines in the process of production and operation process in the recent year, and the current senior manager does not management personnel have any major bad record. 7.5 All documents and materials provided to the Lender are true, accurate, complete and valid valid, and free from contain no false records, material omissions or misleading statements. 7.6 The financial and accounting reports provided to the Lender are prepared in accordance with the Chinese accounting standards, which truly, fairly and completely reflect the operating conditions and liabilities of the borrower, and there have been no material adverse changes in the financial condition of the Borrower borrower has not changed significantly adversely since the date end of the latest financial and accounting reports. 7.7 Failure to conceal the litigation, arbitration or claim involved from the Lender. There is no ongoing litigation, arbitration, other administrative procedures proceedings or claims that may affect the Borrower’s execution or performance of the Contract and the payment of the debts under this Contract. 7.8 Failure to conceal from the Lender any matter that has occurred or has occurred is occurring and may affect its financial position and solvency.

Statements and Warranties. The Borrower makes the following representations and guarantees warranty to the Lender, valid Lender throughout the term of this Contractcontract: 7.1 9.1 The loan and the loan items shall meet the requirements of laws and regulations. 9.2 It shall have the qualification of the a borrower according to law and have the qualification and ability to sign and perform this contract. 7.2 This Contract 9.3 The signing of this contract has obtained all necessary authorization or approval. The signing and performance of this Contract contract shall not violate the provisions of the articles of Association association and relevant laws and regulationsregulations of the Company, and shall not conflict with contradict other obligations under the Contractthis contract. 7.3 9.4 Operating in accordance with the law, with good credit status, and the paying other debts payable have been paid on schedule, and having no malicious default on the principal and interest of bank loans. 7.4 With 9.5 It has a sound organization organizational structure and financial management system, no major violations of discipline rules and disciplines have occurred in the process of production and operation process in the recent year, and the current senior manager does management personnel do not have any major bad record. 7.5 9.6 All the documents and materials provided to the Lender are true, accurate, complete and valid valid, and free from contain no false records, material omissions or misleading statements. 7.6 9.7 The financial and accounting reports provided to the Lender are prepared in accordance with the Chinese accounting standards, which truly, fairly and completely reflect the operating conditions and liabilities of the borrowerBorrower, and there have been no material adverse changes in the financial condition of the Borrower has no no material adverse since the date end of the latest financial and accounting reports. 7.7 Failure to 9.8 Did not conceal the any litigation, arbitration or claim claims from the Lender. There is no ongoing litigation, arbitration, other administrative procedures proceedings or claims that may affect the Borrower’s execution or performance of the Contract and the payment of the debts under this Contractcontract. 7.8 Failure to 9.9 Did not conceal from the Lender any matter that has occurred or has occurred is occurring and may affect its financial position and solvency.

Statements and Warranties. The Borrower makes the following representations and guarantees warranty to the Lender, valid Lender throughout the term of this Contract: 7.1 It shall have the subject qualification of the borrower according to law law, and shall have the qualification and ability to sign and perform this contractContract. 7.2 This Contract contract has obtained all necessary authorization or approval. The , and the signing and performance of this Contract contract shall not violate the articles of association of the company And the provisions of the articles of Association and relevant laws and regulations, and shall not conflict with the other obligations under the Contractcontract are not in conflict. 7.3 Operating in accordance with the law, with good credit status, and the other debts payable have been paid on schedule, and having no malicious default on the principal of bank loans Principal and interest of bank loansbehavior. 7.4 With It has a sound organization organizational structure and financial management system, and no major violations of discipline have occurred in the process of production and operation process in the recent yearlatest year Violation of rules and discipline, and the current senior manager does management personnel do not have any major bad record. 7.5 All the documents and materials provided to the Lender are true, accurate, complete and valid valid, and free from there is no false recordsrecording List, material omissions omissions, or misleading statements. 7.6 The financial and accounting reports provided to the Lender are prepared in accordance with Chinese accounting standards, which truly, fairly and completely reflect the operating conditions and liabilities of the borrower, and there have been the financial affairs of the borrower since the end of the latest financial and accounting reports There were no material adverse changes in the financial condition of the Borrower since the date of the latest financial and accounting reportssituation. 7.7 Failure to conceal the litigation, arbitration or claim involved from the Lender. There is no ongoing litigationpotential for affecting the borrowing Litigation, arbitration, other administrative procedures or claims that may affect of the Borrower’s execution payer in signing or performance of the this Contract and the payment of paying the debts under this Contract. 7.8 Failure Failing to conceal from the Lender any matter occurrence or ongoing occurrence that has occurred or has occurred and may affect its financial position and solvencysolvency item.