Common use of Type of Factoring Clause in Contracts

Type of Factoring. The recourse right is attached. If any lessees to the Finance Lease Agreement VIII, the Finance Lease Agreement IX and the Finance Lease Agreement X fails to fully settle any undue amount from the Lease Receivables VIII (i.e. RMB45,035,148), the Lease Receivables IX (i.e. RMB43,000,498) and the Lease Receivables X (i.e. RMB48,280,357.67) within the agreed time limit, the Factoring Bank has recourse for a claim against the Company in respect of the outstanding payment. Transfer of the Undue Lease Receivables Pursuant to the Factoring Agreement IV, for obtaining the factoring facility of approximately RMB69,374,537.8 from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables VIII (i.e. RMB45,035,148) and the Lease Receivables IX (i.e. RMB43,000,498) and the Factoring Bank has agreed to provide the relevant factoring facility to the Company. The relevant factoring facility shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables VIII (i.e. RMB45,035,148) and the Lease Receivables IX (i.e. RMB43,000,498). The Company does not separately calculate the profit before and after tax of the Lease Receivables VIII and the Lease Receivables IX. Pursuant to the Factoring Agreement V, for obtaining the Funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables X (i.e. RMB48,280,357.67) and the Factoring Bank has agreed to provide the Funds to the Company. The Funds shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables X (i.e. RMB48,280,357.67). The Company does not separately calculate the profit before and after tax of the Lease Receivable X. Factoring Charge and Interests The charge for factoring services pursuant to the Factoring Agreement IV amounted to approximately RMB503,870.37. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank of China + 15 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables VIII and the Lease Receivables IX by the lessees under the Finance Lease Agreement VIII and the Finance Lease Agreement IX and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date. The charge for factoring services pursuant to the Factoring Agreement V amounted to approximately 0.65%. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank of China + 30 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables X by the lessees under the Finance Lease Agreement X and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date.

Type of Factoring. The recourse right is attached. If any lessees to the Finance Lease Agreement VIIIV, the Finance Lease Agreement IX VI, the Finance Lease Agreement VII, the Finance Lease Agreement VIII and the Finance Lease Agreement X IX fails to fully settle any undue amount from the Lease Receivables V (i.e. RMB31,821,666), the Lease Receivables VI (i.e. RMB50,476,061), the Lease Receivables VII (i.e. RMB23,019,722), the Lease Receivables VIII (i.e. RMB45,035,148), ) and the Lease Receivables IX (i.e. RMB43,000,498) and the Lease Receivables X (i.e. RMB48,280,357.67) within the agreed time limit, the Factoring Bank has recourse for a claim against the Company in respect of the outstanding payment. Transfer of the Undue Lease Receivables Pursuant to the Factoring Agreement IVII, for obtaining the factoring facility of approximately RMB69,374,537.8 RMB68,217,954 from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables V (i.e. RMB31,821,666) and the Lease Receivables VI (i.e. RMB50,476,061) and the Factoring Bank has agreed to provide the relevant factoring facility to the Company. The relevant factoring facility shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables V (i.e. RMB31,821,666) and the Lease Receivables VI (i.e. RMB50,476,061). The Company does not separately calculate the profit before and after tax of the Lease Receivables V and the Lease Receivables VI. Pursuant to the Factoring Agreement III, for obtaining the factoring facility of approximately RMB17,455.25 from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables VII (i.e. RMB23,019,722) and the Factoring Bank has agreed to provide the relevant factoring facility to the Company. The relevant factoring facility shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables VII (i.e. RMB23,019,722). The Company does not separately calculate the profit before and after tax of the Lease Receivables VII. Pursuant to the Factoring Agreement IV, for obtaining the Funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables VIII (i.e. RMB45,035,148) and the Lease Receivables IX (i.e. RMB43,000,498) and the Factoring Bank has agreed to provide the relevant factoring facility Funds to the Company. The relevant factoring facility Funds shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables VIII (i.e. RMB45,035,148) and the Lease Receivables IX (i.e. RMB43,000,498). The Company does not separately calculate the profit before and after tax of the Lease Receivables VIII and the Lease Receivables IX. Pursuant to the Factoring Agreement V, for obtaining the Funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables X (i.e. RMB48,280,357.67) and the Factoring Bank has agreed to provide the Funds to the Company. The Funds shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables X (i.e. RMB48,280,357.67). The Company does not separately calculate the profit before and after tax of the Lease Receivable X. Factoring Charge and Interests The charge for factoring services pursuant to the Factoring Agreement IV amounted to approximately RMB503,870.37. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank of China + 15 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables VIII and the Lease Receivables IX by the lessees under the Finance Lease Agreement VIII and the Finance Lease Agreement IX and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date. The charge for factoring services pursuant to the Factoring Agreement V amounted to approximately 0.65%. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank of China + 30 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables X by the lessees under the Finance Lease Agreement X and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date.

Type of Factoring. The No recourse right is attached. If any lessees to the Lessee under the Finance Lease Agreement VIII, the Finance Lease Agreement IX I and the Finance Lease Agreement X II fails to fully settle any undue amount from pay the Lease Receivables VIII (i.e. RMB45,035,148), the Lease Receivables IX (i.e. RMB43,000,498) and the Lease Receivables X (i.e. RMB48,280,357.67) within the agreed time limittimeframe due to credit issues, the Factoring Bank has no recourse for a claim against the Company in respect of the outstanding payment. Transfer Subject of the Undue Lease Receivables Transactions Pursuant to the Factoring Agreement IV, for obtaining the factoring facility of approximately RMB69,374,537.8 from the Factoring BankI, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables VIII (i.e. RMB45,035,148) and under the Finance Lease Agreement I to the Factoring Bank, with the total transfer principal of Lease Receivables IX (i.e. RMB43,000,498) and the of RMB241,104,125.21. The Factoring Bank has agreed to provide the receive such creditor’s rights and relevant factoring facility to the Company. The relevant factoring facility shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums rights of the Lease Receivables VIII (i.e. RMB45,035,148) and provide lease factoring services to the Lease Receivables IX (i.e. RMB43,000,498)Company. The Company does not separately calculate the profit profits before and after tax of the such Lease Receivables VIII and the Lease Receivables IXReceivables. Pursuant to the Factoring Agreement V, for obtaining the Funds from the Factoring BankII, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables X (i.e. RMB48,280,357.67) and under the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB465,992,736.18. The Factoring Bank has agreed to provide the Funds to the Company. The Funds shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums receive such creditor’s rights and relevant rights of the Lease Receivables X (i.e. RMB48,280,357.67)and provide lease factoring services to the Company. The Company does not separately calculate the profit profits before and after tax of the such Lease Receivable X. Factoring Charge and Interests The charge for factoring services pursuant Receivables. Pursuant to the Factoring Agreement IV amounted III, the Company has agreed to approximately RMB503,870.37. The interest rate applicable to transfer the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the Peoplecreditor’s Bank of China + 15 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount rights and relevant rights of the factoring facilities interest is the same as the amount of interest payable under the undue Lease Receivables VIII and the Lease Receivables IX by the lessees under the Finance Lease Agreement VIII and the Finance Lease Agreement IX and will be paid by the Company II to the Factoring Bank upon receipt Bank, with the total transfer principal of the rent paid by the lessees on each rent payment dateLease Receivables of RMB365,792,318.18. The charge for factoring services pursuant Factoring Bank has agreed to the Factoring Agreement V amounted to approximately 0.65%. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the Peoplereceive such creditor’s Bank rights and relevant rights of China + 30 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables X by the lessees under the Finance Lease Agreement X and will be paid by the Company provide lease factoring services to the Factoring Bank upon receipt Company. The Company does not separately calculate the profits before and after tax of the rent paid by the lessees on each rent payment datesuch Lease Receivables.

Type of Factoring. The recourse right is attached. If any lessees to the Finance Lease Agreement VIIII, the Finance Lease Agreement IX II and the Finance Lease Agreement X III fails to fully settle any undue amount from the Lease Receivables VIII I (i.e. RMB45,035,148RMB30,052,627), the Lease Receivables IX II (i.e. RMB43,000,498RMB12,781,738) and the Lease Receivables X III (i.e. RMB48,280,357.67RMB14,791,739) within the agreed time limit, the Factoring Bank has recourse for a claim against the Company in respect of the outstanding payment. Transfer of the Undue Lease Receivables Pursuant to the Factoring Agreement IVI, for obtaining the factoring facility of approximately RMB69,374,537.8 funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables VIII I (i.e. RMB45,035,148) and the Lease Receivables IX (i.e. RMB43,000,498RMB30,052,627) and the Factoring Bank has agreed to provide the relevant factoring facility to the Company. The relevant factoring facility Funds shall be payable by the Factoring Bank to the Company within 1 day 3 days from the date of transfer of the undue sums of the Lease Receivables VIII (i.e. RMB45,035,148) and the Lease Receivables IX I (i.e. RMB43,000,498RMB30,052,627). The Company does not separately calculate the profit before and after tax of the Lease Receivables VIII and the Lease Receivables IX. I. Pursuant to the Factoring Agreement VII, for obtaining the Funds funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables X II (i.e. RMB48,280,357.67RMB12,781,738) and the Factoring Bank has agreed to provide the Funds relevant factoring facility to the Company. The Funds shall be payable by the Factoring Bank to the Company within 1 day 3 days from the date of transfer of the undue sums of the Lease Receivables X II (i.e. RMB48,280,357.67RMB12,781,738). The Company does not separately calculate the profit before and after tax of the Lease Receivable X. Factoring Charge and Interests The charge for factoring services pursuant Receivables II. Pursuant to the Factoring Agreement IV amounted III, for obtaining the funds from the Factoring Bank, the Company has agreed to approximately RMB503,870.37. The interest rate applicable transfer and the Factoring Bank has agreed to receive the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the Peoplecreditor’s Bank of China + 15 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount rights and relevant rights of the factoring facilities interest is the same as the amount of interest payable under undue sums from the Lease Receivables VIII III (i.e. RMB14,791,739) and the Factoring Bank has agreed to provide the relevant factoring facility to the Company. The Funds shall be payable by the Factoring Bank to the Company within 3 days from the date of transfer of the undue sums of the Lease Receivables IX by the lessees under the Finance Lease Agreement VIII and the Finance Lease Agreement IX and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment dateIII (i.e. RMB14,791,739). The charge for factoring services pursuant to Company does not separately calculate the Factoring Agreement V amounted to approximately 0.65%. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day profit before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank and after tax of China + 30 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables X by the lessees under the Finance Lease Agreement X and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment dateIII.

Type of Factoring. The recourse right is attached. If any lessees to the Finance Lease Agreement VIII, the Finance Lease Agreement IX I and the Finance Lease Agreement X II fails to fully settle any undue amount from the Lease Receivables VIII I (i.e. RMB45,035,148), the Lease Receivables IX (i.e. RMB43,000,498RMB66,139,642) and the Lease Receivables X II (i.e. RMB48,280,357.67RMB66,138,192) within the agreed time limit, the Factoring Bank has recourse for a claim against the Company in respect of the outstanding payment. Transfer of the Undue Lease Receivables Pursuant to the Factoring Agreement IVI, for obtaining the factoring facility of approximately RMB69,374,537.8 funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables VIII I (i.e. RMB45,035,148) and the Lease Receivables IX (i.e. RMB43,000,498RMB66,139,642) and the Factoring Bank has agreed to provide the relevant factoring facility to the Company. The relevant factoring facility Funds shall be payable by the Factoring Bank to the Company within 1 day 3 days from the date of transfer of the undue sums of the Lease Receivables VIII I (i.e. RMB45,035,148) and the Lease Receivables IX (i.e. RMB43,000,498RMB66,139,642). The Company does not separately calculate the profit before and after tax of the Lease Receivables VIII and the Lease Receivables IX. I. Pursuant to the Factoring Agreement VII, for obtaining the Funds funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables X II (i.e. RMB48,280,357.67RMB66,138,192) and the Factoring Bank has agreed to provide the Funds relevant factoring facility to the Company. The Funds shall be payable by the Factoring Bank to the Company within 1 day 3 days from the date of transfer of the undue sums of the Lease Receivables X II (i.e. RMB48,280,357.67RMB66,138,192). The Company does not separately calculate the profit before and after tax of the Lease Receivable X. Factoring Charge and Interests The charge for factoring services pursuant to the Factoring Agreement IV amounted to approximately RMB503,870.37. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank of China + 15 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables VIII and the Lease Receivables IX by the lessees under the Finance Lease Agreement VIII and the Finance Lease Agreement IX and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date. The charge for factoring services pursuant to the Factoring Agreement V amounted to approximately 0.65%. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank of China + 30 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables X by the lessees under the Finance Lease Agreement X and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment dateII.