Summary of the Amendments to the Regulations Governing Employment Enhancement of Unemployed Middle-Aged Persons and Elderly Persons Article 13

If the business operated bythe borrower has any of the following circumstances,the central competent authorityshalldiscontinue the interest subsidyas of the day that the circumstance arises. If the subsidy has already been paid,the lending financial institution shall notify the borroweron behalf of the central competent authority to repay the overpaid interest subsidy, and subsequently return the subsidy to the central competent authority.1. The business has beensuspended orclosed.2. The responsible person haschanged.In the case that the business operated by the borrower has been suspended during the interest subsidization period, if the principaland interest of the loan have been paid as required and the business resumption has been subsequently registered, the lending institution may apply to the central competent authority to continue interest subsidization from the date of business resumption until the expiration of the originally scheduledsubsidization period.If the borrower has failed to pay the principal and interest thereonfor six months, the interest subsidywill be discontinued as of the first day of the overdue months. If the subsidy has already been paid,the lending financial institution shall notify the borroweron behalf of the central competent authority to repay the overpaid interest subsidy, and subsequently and return the subsidy to the central competent authority.In case of the circumstance prescribed in the preceding Paragraph,if the borrower has paid the overdue principal and interest onthe loan in full,and hasresumed making payments on a regular basis,the central competent authoritymay continue the subsidization,butthe subsidization period cannot exceedthe originally scheduledperiod.If the borrower repaysthe principal and interest thereonbefore they have been in arrears for six monthsand resumesmakingpayments on a regular basis,he or she can be deemed a normal borrower and be granted the interest subsidy.