Loan Agreement
Exhibit 4.86
Contract No. : 2014JIYINDAIZIDI14100401
Borrower : Shijie Kaiyuan Auto Trading Group Co., Ltd.
Lender : CITIC Shijiazhuang Branch
Signing Date : August 15, 2014
Loan Amount : RMB90,000,000
Length of maturity : From August 15, 2014 to August 15, 2015
Use of Loan : Vehicle Purchase
Loan Interest : 6.9%
Date of Draft : August 15, 2014
Withdrawal Amount : RMB90,000,000
Payment Method : The interest should be repaid by monthly. The principal shall be fully repaid at the maturity date of the loan.
Repayment Date : August 15, 2015
Loan Guarantee : Guaranty of Pledge
- Ganglian Finance Leasing Co., Ltd. entered into pledge account receivable to CITIC Shijiazhuang Branch, with the contract no2014JIYINZUIQUANZHIDI 14140225
- LIYONGHUI entered into The Maximum Guaranty Contract with the lender, with the contract no. 2014JIYINZUIBAOZIDI14120745