China Rural Credit Cooperatives Loan Agreement
China
Rural Credit Cooperatives
Ref#:
Nongxindijiezi (2002) 1
Lender:
Ji’An City Qingshi Credit Cooperatives
Borrower:
JI’An City Linyuan Grape Planting Co. Ltd.
Mortgagor:
Ji’An City Linyuan Grape Planting Co., Ltd.
Mutually
agreed by Lender, Borrower and Mortgagor, this loan agreement was drafted in
accordance with State related lending laws.
The
lender agrees to issue a loan to the borrower under the following
terms:
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1.
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Type
of Loan: Short Term Agriculture
Loan
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2.
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Loan
Purpose: Planting
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3.
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Loan
Amount: 2,000,000 ▇▇▇
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▇.
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Loan
Period: From February 4, 2002 to February 4, 2003
Repayment
date is February 4, 2003
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5.
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Interest
Rate: 6.325% annually
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6.
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Payment
Terms: Pay interest when the company is generating
profit
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II.
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Borrower
agrees to use his disposable property (appraisal value 4,000,000 RMB) as a
collateral which provides a guarantee to the
Lender.
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When
Borrower could not pay back the loan, Lender has the right to pledge, sale or
dispose the collaterals and pay off the loan amount from the
proceeds.
The
collateral coverage includes principal, interest and administrative
fee.
The
collateral period is established from the day of the pledge until all the loan
amount has been paid off.
Mortgagor: Tonghua
Yuanlin Grape Planting Co. Ltd.
Legal
Representative: Qiu Ping
Address:
Qingshi Town, Ji’An City
Agent:
Qiu, Ping
Address:
▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇
Phone
Number: ▇▇▇▇-▇▇▇▇▇▇▇▇
Zip Code:
13400
Date:
February 4, 2002
Mortgagee:
Ji’An Qingshi Credit Cooperatives
Legal
Representative: ▇▇▇ ▇▇▇▇▇
Address: Qingshi
Town, Ji’An City
Agent:
Sun Xiaohong
Address:
Qingshi Town, Ji’An City
Phone
Number: ▇▇▇▇▇▇▇▇▇▇▇
Zip Code:
134000
Date: February
4, 2002