Loan Maturity Date Extension Agreement between Laifeng Anpulo (Group) Food Development Co., Ltd. and Laifeng County Small Business Loan Guarantee Company
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Summary
Laifeng Anpulo (Group) Food Development Co., Ltd. requested a one-year extension on three working capital loans totaling RMB 8.2 million from Laifeng County Small Business Loan Guarantee Company, originally due in 2014. The extension was approved by the County Head, allowing repayment to be postponed until 2015. This agreement helps the company manage its financial obligations and avoid insolvency by extending the loan maturity dates by one year.
EX-10.19 14 fs12014a5ex10xix_anpulofood.htm LOAN MATURITY DATE EXTENSIONS ex10.19.htm
Exhibit 10.19
Translation
Application for Working Capital Loan Extensions for Loans from Laifeng County Small Business Loan Guarantee Company
Laifeng County Government:
Our Company has applied working capital loans from Laifeng County Small Business Loan Guarantee Company on March 14, 2013 (loan amount RMB 1.2 million), April 19, 2013 (loan amount RMB 3.5 million), and May 13, 2013 (loan amount RMB 3.5 million). The term of each loan is for one year, due on March 13, 2014, April 18, 2014, and May 12, 2014, respectively. Due to our working capital pressure, we’re having difficulties repay the above loans. To have our company function normal, not running into insolvency, we hereby request for one year loan extension for the above loans, and repay the above loans in 2015.
Regards,
Laifeng Anpulo (Group) Food Development Co., Ltd.
/s/ Laifeng Anpulo (Group) Food Development Co., Ltd.
March 27, 2014
Reply:
In consideration of your circumstances, I agree to extend your loans for another year.
Jun Xiang
/s/ Jun Xiang
County Head
April 12, 2014
