Common use of Loan Services Clause in Contracts

Loan Services. The interest rate for loans granted to the Group by SPIC Financial will not be higher than: (i) the benchmark interest rate specified by the PBOC for loans of a similar type during the same period; (ii) the interest rate offered by other major commercial banks in the PRC to the Group during the same period; and (iii) the interest rate for loans of a similar type offered by SPIC Financial to other members of the SPIC Group during the same period. In addition, subject to the above, the interest rate for loans granted to the Group by SPIC Financial will be 10% lower than the benchmark interest rate specified by the PBOC for loans of a similar type during the same period. Subject to the above, the interest rate for specific loan services to be provided by SPIC Financial to the Group will be governed by separate loan agreement(s). Subject to compliance with relevant laws, regulations and regulatory requirements, SPIC Financial will provide the loan services on normal commercial terms or better and such loans will not be secured by the assets of the Group.

Loan Services. The interest rate for loans granted to the Group by SPIC CPI Financial will not be higher than: (i) the benchmark interest rate specified by the PBOC for loans of a similar the same type during the same period; (ii) the interest rate offered by other major commercial banks in the PRC to the Group during the same period; and (iii) the interest rate for loans of a similar type offered by SPIC CPI Financial to other members of the SPIC Group during the same period. In addition, subject to the above, the interest rate for loans granted to the Group by SPIC CPI Financial will be 10% lower than the benchmark interest rate specified by the PBOC for loans of a similar type during the same period. Subject to the above, the interest rate for specific loan services to be provided by SPIC CPI Financial to the Group will be governed by separate loan agreement(s). Subject to compliance with relevant laws, regulations and regulatory requirements, SPIC CPI Financial will provide the loan services on normal commercial terms or better and such loans will not be secured by the assets of the Group.