SET-OFF AND TAXES. 9.1 All payments made by the Issuer under the Bonds shall be made in full without set-off or counterclaim whatsoever.
9.2 All payments, whether of principal, premium or otherwise made by the Issuer under or in respect of the Bonds will be made free from any restriction or condition and be made without deduction or withholding for or on account of any present or future taxes, duties, assessments or governmental charges of whatever nature imposed or levied by or on behalf of Bermuda, Hong Kong, the PRC, or the jurisdiction of the Alternative Stock Exchange or any authority thereof or therein having power to tax, unless deduction or withholding of such taxes, duties, assessments or governmental charges is compelled by law. In such event, the Issuer will pay such additional amounts as will result in the receipt by the Bondholders of the net amounts after such deduction or withholding equal to the amounts which would otherwise have been receivable by them had no such deduction or withholding been required and the Issuer shall indemnify the Bondholders against any losses or costs incurred by the Bondholders by reason of any failure of the Issuer to make any such deduction or withholding or by reason of any increased payment not being made on the due date for such payment. The Issuer shall promptly deliver to the Bondholders any receipts, certificates or other proof evidencing the amounts (if any) paid or payable in respect of any deduction or withholding as aforesaid.
