Common use of Statements and Warranties Clause in Contracts

Statements and Warranties. The Borrower makes the following representations and warranties to the 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 the qualification and ability to sign and perform this Contract. 7.2 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 and relevant laws and regulations of the Company, and shall not contradict any other obligations under this contract 7.3 Operation in accordance with the law, good credit status, other debts payable have been paid on schedule, and no malicious default on the principal and interest of bank loans. 7.4 It has a sound organizational structure and financial management system, no major violations of rules and disciplines in the process of production and operation in the recent year, and the current senior management personnel have any major bad record 7.5 All documents and materials provided to the Lender are true, accurate, complete and valid, and 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 the financial condition of the borrower has not changed significantly adversely since the 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 proceedings or claims that may affect the execution or performance of the Contract and the payment of debts under this Contract. 7.8 Failure to conceal from the Lender any matter that has occurred or is occurring and may affect its financial position and solvency.

Statements and Warranties. The Borrower makes the following representations and warranties guarantees to the Lender which shall remain 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 Contractcontract. 7.2 The signing of this 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 regulations of the Companyregulations, and shall not contradict any conflict with other obligations under this contractthe Contract. 7.3 Operation 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 It has With a sound organizational structure organization and financial management system, no major violations of rules and disciplines discipline have occurred in the process of production and operation process in the recent year, and the current senior management personnel manager does not have any major bad record. 7.5 All documents and materials provided to the Lender are true, accurate, complete and valid, valid and contain no 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 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 has not changed significantly adversely Borrower since the end date 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 proceedings 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 is occurring has occurred and may affect its financial position and solvency.

Statements and Warranties. The Borrower makes the following representations and warranties warranty to the Lender which shall remain valid 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 Contract. 7.2 The signing of this Contract This 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 of the Companyregulations, and shall not contradict any the other obligations under this contractthe contract are not in conflict. 7.3 Operation Operating in accordance with the law, with good credit status, other debts payable have been paid on schedule, and no malicious default on the principal of bank loans Principal and interest of bank loansbehavior. 7.4 It has a sound organizational structure and financial management system, and no major violations of rules and disciplines occurred in the process of production and operation in the recent yearlatest year Violation of rules and discipline, and the current senior 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, and contain 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 the Chinese accounting standards, which truly, fairly and completely reflect the operating conditions and liabilities of the borrower, and the financial condition affairs of the borrower has not changed significantly adversely since the end of the latest financial and accounting reportsreports There were no material adverse changes in the situation. 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 proceedings procedures or claims that may affect of the execution payer in signing or performance of the this Contract and paying the payment of debts under this Contract. 7.8 Failure Failing to conceal from the Lender any matter occurrence or ongoing occurrence that has occurred or is occurring and may affect its financial position and solvencysolvency item.