Common use of Default and Remedy Clause in Contracts

Default and Remedy. Upon the occurrence of any Event of Default specified in the Loan Agreement, the Loan shall automatically become immediately due and payable together with all Default Interest (as defined in the Loan Agreement) accrued and all other obligations payable under the Loan Agreement without any notice. By: Name: Column A Date: Column A Column B Column C Column D Column E Column F Column G 1 XU YI Feb 20th, 2010 320504197508022518 Room 701, Xx.0, Xxxx 000, Xxxxx Xxxxx Xxxx Xxxx (2nd), Shanghai, China RMB1,500,000 30 % 8335 2 ZHANG BANG Feb 20th, 2010 320502196804142031 Room 1408, Xx.00, Xxxx Xxx Xxxx, Xxx Xxx Xxxxxxxx, Guangzhou, China RMB3,000,000 60 % 8330 3 XXX XXXXXXXX Sep 17, 2010 330328197802163479 Xxxx 000, Xx.0, Xxxx 000, Xxxxxxx Xxxx, Xxxxxxxx, Xxxxx RMB500,000 10 % 8163

Default and Remedy. Upon the occurrence of any Event of Default specified in the Loan Agreement, the Loan shall automatically become immediately due and payable together with all Default Interest (as defined in the Loan Agreement) accrued and all other obligations payable under the Loan Agreement without any notice. By: Name: Column A Date: Column A Column B Column C Column D Column E Column F Column G Column H 1 XU YI Feb 20thXu Yi May 18, 2010 320504197508022518 Room 701, Xx.0, Xxxx 000, Xxxxx Xxxxx Xxxx Xxxx (2nd), Shanghai, China RMB1,500,000 30 RMB 500,000 25% Xxxx 000, Xx.0, Xxxx 000, Xxxxx Xxxxx Xxxx Road (2nd), Shanghai, China 8335 2 ZHANG BANG Feb 20thZhang Bang May 18, 2010 320502196804142031 Room 1408, Xx.00, Xxxx Xxx Xxxx, Xxx Xxx Xxxxxxxx, Guangzhou, China RMB3,000,000 60 RMB 1,000,000 50% 8330 3 XXX XXXXXXXX Sep 17, 2010 330328197802163479 Xxxx 000, Xx.0Xx.00, Xxxx 00000, Xxxxxxx Xxxxx Xxxx, Xxxxxxxxx Xxxx,Xxxxxx Xxxxxxxx,, Xxxxxxxx, Xxxxx RMB500,000 10 % 81638330

Default and Remedy. Upon the occurrence of any Event of Default specified in the Loan Agreement, the Loan shall automatically become immediately due and payable together with all Default Interest (as defined in the Loan Agreement) accrued and all other obligations payable under the Loan Agreement without any notice. By: Name: Column A Date: Column A Column B Column C Column D Column E Column F Column G 1 XU YI Feb 20th, 2010 320504197508022518 Room 701, Xx.0, Xxxx 000, Xxxxx Xxxxx Xxxx Xxxx (2nd), Shanghai, China RMB1,500,000 30 % 8335 2 ZHANG BANG Feb 20th20, 2010 320502196804142031 Room 1408, Xx.00, Xxxx Xxx Xxxx, Xxx Xxx Xxxxxxxx, Guangzhou, China RMB3,000,000 60 % 8330 3 2 XXX XXXXXXXX Sep 17, 2010 330328197802163479 Xxxx 000, Xx.0, Xxxx 000, Xxxxxxx Xxxx, Xxxxxxxx, Xxxxx RMB500,000 10 % 81638163 3 SANG XIAOBING Feb 10, 2012 330702197207060430 Xxxx 000, Xxxxxxxx 0, Xx. 00, Xxxxxx Xxxx, Xxxxxxx Xxxxxxxxx, Xxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx RMB1,500,000 30 % 8288