Loan Agreement with Jinjiang City Branch of Agriculture Bank of China (No.: 35101200900001758) for RMB20 million
Exhibit
10.35
Loan
Agreement with Jinjiang City Branch of Agriculture Bank of China
(No.:
35101200900001758) for RMB20 million
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Date:
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March
6, 2009
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Lender:
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Jinjiang
City Branch of Agriculture Bank of China
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Borrower:
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Guanke
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Amount:
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RMB20
million
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Category:
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Short-term
cash flow loan
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Term
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From
March 6, 2009 to March 5, 2010
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Interest
rate:
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5.5755%
annually adjustable every 6 months.
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Interest
repayment:
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The
interest shall be settled at the 20th day of each month.
The Borrower should pay the accrued monthly interest on the interest
settlement day and pay the outstanding interest on the maturity date of
the loan.
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Pre-payment:
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The
pre-payment of the loan by the Borrower should be accepted by the Lender
and the interest rate will remain the same to that of the actual
period.
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Security:
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Land
use rights
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|
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Governing
law
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Laws
of the People’s Republic of
China
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