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Terms and Conditions
Respectable Huaxia Credit Card holders: 
Thank you for your consistent trust in and support for Huaxia Credit Card! To meet the regulatory requirements and coordinate with the development of new businesses, Huaxia Bank Credit Card Center has made modifications and adjustments to the Agreement for Collection and Use of Huaxia Credit Card (Personal Card). The new version will be officially implemented from April 10, 2010. Details about the Agreement for Collection and Use of Huaxia Credit Card (Personal Card) are as follows:  

Agreement for Collection and Use of Huaxia Credit Card (Personal Card) 
In accordance with Huaxia Credit Card Articles of Association (hereinafter referred to as the “Articles”), Huaxia Bank Co., Ltd. (hereinafter referred to as “Party A”) and the applicant (hereinafter referred to as “Party B”), on behalf of himself/herself and the supplementary card applicants, of Huaxia Credit Card (hereinafter referred to as the “Credit Card”) have concluded the following agreement (hereinafter referred to as the “Agreement”) on matters concerning the application and use of the credit card. 

Article 1 Application 
1. Application 
Party B (including the applicants of principal card and supplementary cards, same hereinafter) guarantees the authenticity, integrity, correctness, legitimacy of all the materials submitted to Party A, and agrees Party A has the right to verify, inquiry his/her assets and credit status with any source and retain relevant materials. Parties A is entitled to collect, process, transfer and use the personal information of Party B. For the purpose of providing services concerning the credit card for Party B, Party B agrees that Party A can disclose his/her personal information to any third party that Party A deems necessary, including, but not limited to the branches, holding subsidiaries of Party A, service agency, agent, outsourcing institutions of Party A and related credit rating institutions. 

2. Credit Line and Card Activation 
Party A shall be entitled to decide whether to issue a credit card to Party B, which kind of card to issue, and the credit line granted to the card based on Party B’s application and credit status. Whether to issue a card or no matter in which state the card is, Party A shall not return Party B’s application materials. Party A’s card held by Party B shall be grouped into the corresponding credit account as defined by Party A, and all cards under the same account share the credit line of the account ratified by Party A while Party B’s actual available credit line at any time point shall be calculated as specified by Party A. If Party B has opened two or more credit accounts at Party A, the actual total available credit line of Party B’s accounts shall not exceed the highest credit line of Party B ratified by Party A. Cardholders of t he principal cardholder and supplementary cards share the credit line together. After issuing of the card, Party A shall be entitled to adjust Party B’s credit line (including adjustment up and down) at any time in accordance with changes in use of the card, repayment, and credit status of Party B.  
Upon receipt of the credit card, Party B shall have the card activated timely; only when it is activated can Party B enjoy the credit line and use the card normally. If Party B fails to activate the card after three months from the date on which Party A issues the card, Party A shall be entitled to reduce or cancel Party B’s credit line without prior notification to Party B. If Party B applies for activating the card after three months from the date of issue, it shall be deemed that Party B raises a new application to Party A for credit extension. Then, Party A shall be entitled to require Party B to provide credit materials and determine whether to approve the credit extension and the specific credit line based on Party B’s credit rating.  
If Party B does not conduct any transaction with the credit card over six months after activation, Party A shall be entitled to reduce or cancel Party B’s credit line. If the card has been activated and Party A want to make adjustments to Party B’s credit line, Party A is obliged to notify Party B of relevant information after such adjustments. Party B shall be liable for repaying the debts incurred within the adjusted credit line. 

3. Debt Liability 
In accordance with the application of Party B and user’s agreement concluded, Party A will issue the credit card to Party B and the supplementary card(s) to the person designated by the principal cardholder. The fact that Party B concludes the user’s agreement indicates that cardholders of the principal card and supplementary cards have fully understood the terms and conditions of the Agreement and the Articles, and are willing to observe provisions of this Agreement and the Articles. Principal cardholder can apply for cancelling the supplementary cards. Principal cardholder is liable for all the debts (principal, fees, interest, etc) under the credit card (principal card and supplementary card) hereof, and the cardholder of supplementary card bears unlimited joint liabilities for the debts under the card. 

Article 2 Use of Card 
1.Ownership and Final Decision Power 
The ownership of the credit card belongs to Party A. Party A only authorizes Party B to use the credit card according to the provisions of the Articles and this Agreement and within the legal and fair transaction scope permitted by China UnionPay, designated international credit card organizations and Party A, without violating the laws and regulations of People’s Republic of China and the place where it is used or making any deal, with the credit card, that may increase the credit risk or damage the credit of Party A, including but not limited to fraudulently obtaining funds (cash and transfer) in the name of paying for consumption and service fee. The credit card shall only be used by the legitimate cardholder himself, and shall not be used by others by lease, sub-tenancy or other means. Party B shall not enable any third party to occupy or use the credit card by release, alienation, trust or any other means. Where Party B violates the aforesaid agreements, Party A is entitled to suspend the credit card or reduce the credit line of Party B, and authorize relevant unit to withdraw the credit card. After the withdrawal of the credit card, Party B is still liable for repaying all the principal, fees and interest. The account unpaid will be regarded as mature and shall be settled once for all as required by Party A. 

2. Signature and Password 
Upon receipt of the credit card, Party B shall sign at the signature column at the back of the card the same as the signature on the application form, and use the same signature when using the card; otherwise Party B is liable for the losses and risks therefrom. Promissory shops and Party A, when verifying the signature, will follow the general identification standards in the industry. Transactions involving password will be deemed by Party A as done by Party B himself/herself. The electronic records generated in various settlements processed by using electronic information like password, transaction vouches with his/her signature, transactions (including installment, auto repayment and mail order) recognized by Party A that do not need to input password or be signed by Party B will be deemed as the valid records of transactions. All of the aforesaid transaction records in the credit card account of Party B will be deemed as the admissible and authentic evidence for use of card by Party B, and have absolute binding force to Party B. 

3. Internet Transaction 
Party B shall use the credit card on the Internet under the security technology and commercial environments recognized by Party A and meeting the national standards and industrial administration; otherwise Party B is liable for all of the risks and losses arising from use of the card on the Internet. 

4. Hotline Services 
Party A shall provide such services as consultation, inquiry, loss report and complaint response for Party B around the clock through the service hotline. Party B may also conduct relevant operations to its credit card account through the credit card service hotline or the credit card website of Party A. 

5. Settlement 
Party A, when approving to issue a credit card to Party B, will open personal RMB settlement account and foreign exchange settlement account under the credit card as required by Party B. When Party B makes spending or cash withdrawal transaction abroad, the amount of transaction, accrued interest and related fees will be recorded into the foreign exchange account (exclusive of the RMB settlement service provided by China UnionPay abroad) of the credit card; the spending or cash withdrawal of Party B at home will be recorded into the RMB account of the credit card if the transaction is settled in RMB; or into the foreign exchange account of the credit card in settlement with foreign exchanges. Foreign currency debt of Party B shall be repaid in the currency required by Party A; or in the foreign currency purchased with RMB at the exchange rate determined by Party A and relevant procedures within the scope permitted. In transactions of Party B through the network of international bank card organization, the settlement exchange rate between local currency and the designated settlement currency follows the provisions of related international bank card organization. 

6. Transaction Disputes 
Disputes between Party B and promissory shops or cash advance institutions shall be settled by Party B and the party concerned through consultation, for which Party A bears no responsibility. Party B shall not refuse to pay the debts and fees incurred in connection with credit card transactions in the excuse of dispute. 

7. Card Replacement 
In case the card is lost or damaged and Party B wants to continue to use it, Party B can go through the card replacement procedures via the service hotline or at the outlets of Party A. 

8. Breach of Contract and Decrease in Repayment Capacity 
Party B’s behavior consistent to any of the following shall be deemed as breach of contract: 
The amount of any Huaxia Credit Card under Party B is insufficient for the minimum repayment amount on the final repayment date; 
Party B has conducted illegally with the credit card or has conducted activities against the Agreement 
Party B’s behavior consistent to any of the following shall be considered as a decrease in repayment capacity: 
Party B has breached contract for any other loan, guarantee, warranty, compensation, commitment, or debt from any third party other than Huaxia Bank and thus has been required by the creditor to make repayments or perform liabilities in advance;
Party B has partially or completely lost civil capacity, died, or has been declared death or missing; 
Any of Party B’s properties (including mortgaged real estate, other movable property and immovable properties) have been confiscated, requisitioned, sealed up, damaged, detained, or frozen or there is any other adverse event that may possibly affect Party B’s repayment capacity; 
(Party B has suffered major losses, which may possibly affect Party B’s repayment capacity. 
If Party B has breached contract or suffered an event that may reduce the repayment capacity, the bank shall be entitled to take any one, a few, or all of the following measures to remedy creditor’s right: 
In case of overdue repayment incurred to Party B’s credit card, Party A shall be entitled to take proper measures and urge Party B to make repayments, including sending repayment reminder notification, overdue repayment notification, telephone collection, entrusting a third party to conduct collection, judicial collection, notifying relevant departments or units, collection by means of public notice on media, etc; 
Party A shall be entitled to make the card stop payment, cut down Party B’s credit line, announce early maturity of loans with the credit card, collect amounts borrowed by Party B in advance, etc 
Terminate the credit card loan contract with Party B, collect credit card loans to Party B, and take back Huaxia Credit Card; 
Require Party B to immediately repay all or part of unsettled amounts on all Huaxia credit cards under Party B’s account, including but not limited to the credit card principal due, interest, default interest, handling fees, etc 
Be entitled to offer Party B’s breach of contract and personal data to any credit agency established lawfully at any time. 

Article 3 Interest and Fees 
1. Interest-free Repayment Period 
Party B authorizes Party A to record his/her credit card transactions, interest and fees into the settlement account of the credit card. The value date of the account is subject to the accounting date of Party A. Regarding non-cash transactions (exclusive of overdraft transfer) of Party B, the period from the accounting date to the payment due date is the interest-free repayment period. If all of the arrearage is paid off within the interest-free repayment period, there is no need to pay the overdraft interest of the non-cash transaction; otherwise Party A will charge compound interest by month at the rate provided by the People’s Bank of China for the period from the accounting date of Party A to the settlement date. In the event that Party B fails to pay the arrearage in full amount prior to the payment due date, the part paid will calculate interest as of the accounting date of overdraft to the repayment date; the part unpaid will continue to calculate interest as of the accounting date of the overdraft. 

2. Minimum Repayment and Partial Repayment 
In the event that Party B is not willing to pay or is not capable of paying all of the accounts payable prior to the payment due date, Party B may select the minimum repayment or partial repayment, and pay the amount no less than the minimum payment to Party A prior to the payment due date. After the selection of minimum payment or partial payment, all transactions and fees payable will be charged interest at the overdraft interest rate as of the accounting date. The minimum payment is to be calculated according to relevant policies and provisions. 

3. Cash Advance 
Party B may draw cash within the credit line over the bank counter, self-help bank facilities or by other means recognized by Party A. Cash advance (including overdraft transfer) does not enjoy the interest-free period and the minimum repayment amount. Party B shall pay the service fees and interest calculated at the overdraft interest rate as of the accounting date. Regarding the cash advance at home and abroad, relevant provisions of the People’s Bank of China and the administration of foreign exchange shall prevail. 

4. Service Fees for Deposit Withdrawal 
The funds that Party B deposits in the credit card account will not be given any deposit interest, and may be withdrawn from the ATMs connected with Party A or the counters of the outlets of Party A, or be transferred by Party A to the account designated by Party B. Party B is liable for the overpayment return charge as provided. 

5. Fees 
After Party A approves to issue the credit card, Party B shall pay the annual fee prior to the payment due date (inclusive) on the statement listing the amount of fees. Party B, when using the credit card in transactions exceeding the credit line, shall pay overdraft fees as required; in the event that the amount paid by Party B prior to the payment due date fails to reach the minimum repayment, Party B shall pay the delay penalty for the deficiency. In the event of overdraft and overdue fee occurred to the account of Party B, all of the accounts incurred in the current period will not enjoy the interest-free benefit. The fact that Party B concludes the Agreement indicates that Party B accepts all of the charging items and terms and conditions stipulated in the application form, and is liable for all the fees and interest incurred for holding and using the credit card at the rates and interest rate determined by Party A, including, but not limited to the overdraft interest, annual fee, loss report fee, overdraft fee, late fee and service fees for cash advance. Party A is entitled to adjust the rates according to business development and market conditions, and implement it after going through legal procedures and performing notification duty according to relevant provisions. 

6. Repayment 
Party B may choose the direct repayment or auto repayment. Party B shall repay the arrearage in the credit card account on time as required by Party A in the statement. Party B also agrees with Party A and entrusts Party A to deduct the amount payable from other account that Party B opens at Party A on the date agreed. If the balance in the account of Party B is not sufficient, it will be deemed as a partial payment. Party B shall guarantee that the balance of the repayment account is sufficient to pay off the arrearage of the credit card. Relevant interests and expenses arising from insufficient deposit in Party B’s debit card which causes failure of automatic deduction by Huaxia Credit Card, insufficient repayment or different repayment sequences of various accounts shall be borne by Party B.If Party B has opened multiple credit accounts at Party A, the overpayment in an account cannot be used to automatically cover arrearages in another account. The funds in the RMB account of the personal card of Party B may be deposited in cash or transferred from the personal settlement account. The funds in the foreign exchange account of the personal card may also be deposited or repaid by the following means: foreign currencies held by the cardholder; transferring from his/her foreign exchange account (including the foreign currency account); offshore remittance; purchasing foreign currencies according to the state provisions. The use of RMB account and foreign exchange account shall follow the Measures for the Administration of Bank Card Business and relevant provisions of the state on foreign exchange control. When the amount paid by Party B is not sufficient to repay all of the mature accounts payable, the sequence of repayment shall be as follows: the arrearage of the last period and the arrearage of the current period, while in the arrearage of the same bill cycle, the sequence of repayment is interest, fees, cash advance and consumption overdraft. In terms of one or more repayments, Party A is entitled to change the aforesaid sequence. 

Article 4 Statement 
1. Statement Service  
Party A will deliver the statement to Party B to the address provided by Party B or other means agreed on a monthly basis on the date designated, excluding the following circumstances: no transactions happen in the month and there is no arrears in the account; Party A has offered the transaction records by other means, or otherwise agreed by both Parties. 

2. Statement Inquiry 
Party B is entitled to claim for the latest 3-months’ statements from Party A free of charge, and inquire the statements within the latest half year through the online banking or the telephone banking free of charge. Under other circumstances, the inquiry of statement will be charged service fees for the retrieval of the statement. In the event Party B fails to receive the statement within 7 days as of the date of statement delivery, Party B shall proactively call the credit card service hotline of Party A for inquiry; otherwise it will be deemed that Party B has received it. Under no circumstances shall Party B be entitled to refuse to repay in the excuse of failure to receive the statement. If Party B has objections to the statement, Party B shall inquire with Party A prior to the payment due date and ask Party A for transactions vouches like purchase slips and cash advance voucher; otherwise it will be deemed that Party B confirms that the statement is correct. Party A will reply the inquiry within 30 days for domestic transactions and 45 days for overseas transactions. If it is verified that relevant transactions are actually done by Party B, Party B is liable for the service fees for access to such vouchers. 

Article 5 Validity Period 
1. Validity Period 
A credit card is valid for 3 years at most, and will become void automatically after expiry. In the event that Party B does not intend to replace the card with a new one after the expiry of the card, he/she shall notify Party A one month prior to the expiry of the card in written form, or by calling the credit card service hotline of Party A or by other means recognized by Party A and return the card; otherwise it will be deemed that Party B agrees to replace the card when it expires. In that case, Party A will replace the card for Party B and collect annual fees. The creditor and debtor relationship formed for Party B’s holding or using the credit card will not disappear or change due to the expiry, card replacement, or suspension of the card. 

2. Suspension 
In the event that Party B intends to suspend the card, Party B shall notify Party A through the credit card service hotline, to suspend it or go through the account cancellation procedures. The annual fee collected by Party A will not be refunded. All outstanding debts of Party B to Party A will be deemed as mature and shall be paid all together. 

3. Cancellation 
When the principal cardholder applies for cancelling the account, Party B shall cancel all the cards under the account. In case of cancelling only a supplementary card, other cards under the account shall remain unchanged. If the card does not expire, Party B shall go through the card cancellation procedure, and then the account cancellation procedure 30 days later; if the card has expired for over 30 days, Party B may directly go through account cancellation procedures. The annual fees collected by Party A will not be refunded. 

Article 6 Significant Safety Issues 
1. Important Information 
Party B shall keep his/her identity information, contact information and information on the application materials confidential. Party A will confirm the identity of Party B as a user by verifying one or more items among the aforesaid important information; Party B shall inform Party A of any changes in his/her personal information immediately. Party A is not liable for any mistake and loss due to the illegal use, abuse of credit card, or leakage of sensitive information, such as card number and password, not for Party A’s fault. 

2. Loss Report 
In case the card is lost, the cardholder shall call the credit card service hotline of Party A or handle the loss report procedure at the outlets designated by Party A or through the channels recognized by the Party A and pay the service charges. Once the procedure is done, the loss report comes into force instantly. Party B is liable for the risks and losses occurred prior to the effectiveness of the loss report. In the event that Party B colludes with others or engages in other dishonest behaviors, or does not cooperate with the investigation of Party A, Party B is still fully liable for the losses after the effectiveness of the loss report, unless otherwise agreed by both Parties. 

3. Password Modification and Replacement 
Party B shall keep the password safe and secured at all time, and can modify the password in time through ATM, counter terminals of outlets, credit card service hotline of Party A. In case of forgetting the query password, Party B may call the credit card service hotline of Party A to modify the query password; if Party B forgets the transaction password, he/she may apply to Party A for modifying the transaction password and pay relevant service fees. 

Article 7 Right of Interpretation 
Party A reserves the right to interpret the Agreement. This Agreement is the interpretation and supplementation to the Articles. In the event of any discrepancy between this Agreement and the Articles, the Articles shall prevail. According to the requirements of the national policy and the Party A’s business management or risk control, Party A has the right to make any modification, addition/reduction to the Articles and the Agreement, change to service content (modes), charges or rates thereof, which shall come into force immediately after being published through legal procedures. In case Party B cannot accept the modified agreement, Party B may apply for cancellation. 

Article 8 Matters Not Covered 
The behaviors of the parties hereto shall abide by the Agreement. Neither of the parties hereto shall violate the relevant laws and rules of the People’s Republic of China, and related regulations of the People’s Bank of China, China Banking Regulatory Commission and State Administration of Foreign Exchange, which are amended from time to time and valid. Matters not covered herein shall be handled in accordance with the Articles, business rules of Party A and practices of the financial sector. All disputes arising from the implementation of the Agreement can be lodged to the People’s Court. 

Article 9 Effectiveness 
This Agreement comes into force after Party B completes the application and Party A agrees to issue the credit card to Party B, and becomes null and void after all the accounts of cards and all cards of Party B are cancelled and Party B settles all claims and debts.

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