Loan Agreement between Yang Liu and Xi'an HanXin Science and Technology Co. Ltd

Contract Categories: Business Finance › Loan Agreements
Summary

Yang Liu (the lender) agrees to lend RMB 1,470,000 to Xi'an HanXin Science and Technology Co. Ltd (the borrower) for one year, starting September 24, 2009, at an interest rate of 7.4%. The borrower must repay the full amount by September 24, 2010. If the borrower fails to repay on time, they are responsible for all resulting legal obligations. The agreement is effective upon signing, with each party holding a copy.

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EX-10.19 3 akrk_ex1019.htm LOAN AGREEMENT akrk_ex1019.htm
Exhibit 10.19
 
Loan Agreement

Lender (Party A); Yang Liu
Borrower (Party B): Xi'an HanXin Science and Technology Co. Ltd

The agreement (“Agreement”) is made through friendly consultation from both parties. In exchange for consideration, both parties hereby agree:

1. Party A shall lend to Party B a principal amount of RMB 1,470,000.
2. The term of the loan shall be one (1) year, starting from September 24, 2009 and due on September 24, 2010.
3. Party B shall repay full amount upon the due date of the loan. By failing to do so, Party B shall be fully responsible for all legal obligations and liabilities incurred.
4. Party A shall deliver the full amount of the loan to Party B upon the execution of the Agreement.
5. Interest rate shall be 7.4 %.
6. This Agreement is executed in two copies effective on the date of signature and seal. Each Party holds one copy with the same legal effects.

 
 
 Party A: /s/ Yang Liu     Party B: Xi'an HanXin Science and Technology Co. Ltd
 September 24, 2009     Sealed: September 24, 2009