Entrusted Loan Agreement Entered by and between th Shandong the Fifth Season Commercial Investment Co., Ltd. (Company) and China CITIC Bank, Zibo Branch dated January 28, 2011 for RMB 300 million Yuan entrusted loan.
Exhibit 10.14
Entrusted Loan Agreement Entered by and between th
Shandong the Fifth Season Commercial
Investment Co., Ltd. (Company) and China CITIC Bank, Zibo Branch
dated January 28, 2011 for RMB
300 million Yuan
entrusted loan.
- Main contents:
- Contract No.: (2011) Lu Zi Yin Xxx Xxx Zi No.000838
- Principal: Shandong Shengli Steel Co., Ltd.
- Loan Amount (RMB): 300 million RMB Yuan
- Purpose of the Loan: working capital of the Company.
- Contract Term: January 28, 2011 to January 27, 2012
- Interest Rate: fixed annual rate of 15.000002%
- Ways of guarantee: nil
- Fee Bearing: Borrower bears the relevant fees under the agreement.
- Prepayment of the Loan: Lender’s consent should be obtained if Borrower is willing to prepay the loan.
- Liabilities of Breach of Contract: Damages; withdrawal of loan, prepayment of principal and interest before maturity; imposition of compound interest.
- Headlines of the articles omitted
- Miscellaneous
- Dispute settlement
- Effectiveness
- Validity
- Attention
