3.7 If Party B demand to audit the accounts of Party A,it shall no tice Party A withinl0(ten) days after receiving the written notice of Party A in accordance with Article
3.4 of the Contract.The speeific content and procedure of auditing accounts aredetailed in Appendix 4 tothe Contract.
Article 4 Couditions of Payment
4.1 Royalty stipulated in Section 3 to the Contract shall be effected by Party A toarty Bthrough the Bank_________(here it is the business Bank of Party A, and the Bank_________(here it is the busines Bank of Party B), payrnent shall be settled in_________.
4.2 Party B shall immediately issue the related documents ofter receiving the writtennotieesubmitted by Party A in accordance with Artiele 3.4 of the Contract, the Royaltyshall be paid by Party A to Party B within 30(thirty) days after Party A has received thefol-lowing documents whichare provided by Party B and found them in confoumity with thestipulations of thContract.
(1)Four copies of the statement on calculation of the royalty;
(2)Four copies of the commercial invoice;
(3)Two copies of the sight draft.
4.3 Party A shall have the right to deduct from any of the above mentioned payment theppenalties and/or compensations which party B shall pay in accordance with thestipulations ofthe Contract.
Article 5 Technical service and Training
5.1 Technicgl Service
(1)During the validity period of the Contract, Party B shall send a specialist toPartyA`s factory to explain the drawings and technical documents and to provide teehnicalservise indesigning.manufacturing, adjustment,inspection and maintenance of theContracted Pro-duet so to eheble Party A to use, as fast as possible, home materialsand raw components without affeeting the properties of the Products so manufactured.
(2)Party B shall twice send its specialists to Party As factory to provldetechnicalservice for a total of 30 working days man.
(3)The first technical service sha1l start in the sixth month after the Contraytcomesinto effect. Party B shall send a specialist to Party As factory to providetechnical service for 12 working days/man.
(4)The second technical service shall start during the verification of theCortractedProduets.Parth B shall send a specialist to Party As factory to providetechnical servicefor18 working days/man.
(5)Party B shall, for its specialists, bear their travelling expensee. ParthAshall be responsible for Boarding and lodging and affording the means of conveyance fromthe lodgingplace to the factoty.
5.2 Technical Training
(1)Party B shall train Party As technical personnel so as to enable them tomasterParty Bs design, performance test and technology in machining, erection andinspection of the Contracted Products, so that Party A can use the technical documentsand know-how supplied by P arty B toproducethe same products in the Contract Factory. Party B shall do its best to arrange for Party As Personnel to visit the majorusersand the manufacturing Process of the components from other countries of the ContractedProducts.
(2)Party A shall send twice its technical personnel to Party Bs factory fortraining, andthe total number of the participants shall not exceed 320 days/man (excluding the inter-preter).
(3)The first training shall be from the third to the fourth month after theContract comes into effect. There shall be 4 technical persons and an interpreterto besent to party B for training for 16o working days/man (5 days week). The training shallcover the design of the Contracted Products and manufacturing technology.
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