The
parties agree and acknowledge to cause New Company not to make any
deduction of depreciation or establishment of any reserves and to
ensure payment of principal and interest to construct the
infrastructure project after the payment of the items specified in
Clauses I) and 2).
The
People"s Insurance Company of China will act as the undertaker of
the export credit insurance and treasurer of the New Company during
the repayment period to ensure the reimbursement of the loan
principal and interest.

