Common use of Price Control Clause in Contracts

Price Control. ¨ Party A and Party B shall strictly abide by Price Law of the People’s Republic of China and Provisions on Marking Clearly the Prices of Telecommunication Services as well as provisions of price control authorities and use price marks (price tag and code tag) prepared by Party A. ¨ Prices of commodities sold by Party B and services provided by Party B shall not be higher than that at other business ground, and upon discovery or complaint by a customer and after verification, Party B shall pay indemnity as much as 1-5 folds of amount of illegal sales for the first violation, and for the second violation, Party A has the right to terminate the Contract and demand against Party B indemnity as much as 1-5 folds of amount of illegal sales. And Party B must make compensation to the customer according to the law. ¨ For sales of a same commodity at discount or gift donation at other stores, franchised stores or chain stores, Party B must inform Party A in advance of at least one week, or offer the same preferential treatment for the same commodity at store of Party A, otherwise, Party A has the right to make adjustment at sole discretion of Party A or terminate the Contract, and in special cases, prior negotiation between the two parties is required. ¨ Party B takes part in sale promotion organized by Party A or by Party B itself and shall not raise sales price. In the event of fraudulent conduct by Party B, Party A has the right to terminate the Contract and charge against Party B indemnity as much as 1-5 folds of amount of illegal sales.

Price Control. ¨ o Party A and Party B shall strictly abide by Price Law of the People’s Republic of China and Provisions on Marking Clearly the Prices of Telecommunication Services as well as provisions of price control authorities and use price marks (price tag and code tag) prepared by Party A. ¨ o Prices of commodities sold by Party B and services provided by Party B shall not be higher than that at other business ground, and upon discovery or complaint by a customer and after verification, Party B shall pay indemnity as much as 1-5 folds of amount of illegal sales for the first violation, and for the second violation, Party A has the right to terminate the Contract and demand against Party B indemnity as much as 1-5 folds of amount of illegal sales. And Party B must make compensation to the customer according to the law. ¨ o For sales of a same commodity at discount or gift donation at other stores, franchised stores or chain stores, Party B must inform Party A in advance of at least one week, or offer the same preferential treatment for the same commodity at store of Party A, otherwise, Party A has the right to make adjustment at sole discretion of Party A or terminate the Contract, and in special cases, prior negotiation between the two parties is required. ¨ o Party B takes part in sale promotion organized by Party A or by Party B itself and shall not raise sales price. In the event of fraudulent conduct by Party B, Party A has the right to terminate the Contract and charge against Party B indemnity as much as 1-5 folds of amount of illegal sales.