Loan Agreement between Cavico Vietnam Ltd. Co. and Mr. Bui Quang Ha dated January 28, 2009
Cavico Vietnam Ltd. Co. and Mr. Bui Quang Ha entered into a loan agreement on January 28, 2009. Mr. Bui Quang Ha lends Cavico Vietnam 1,565,325,786 VND for 12 months at an annual interest rate of 12%, with interest paid in advance. Cavico Vietnam must repay the principal and interest within 12 months, while Mr. Bui Quang Ha is responsible for providing the loan amount as agreed. The agreement formalizes the transfer of an outstanding loan balance from a previous agreement between the parties.
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
| No .....HDTD-CN/CVC |
Hanoi, January 28, 2009
LOAN AGREEMENT
BORROWER:
Name of Company: CAVICO VIETNAM LTD, CO.
Investment certificate No. 011043000070 issued on 07 January, 2007
Address: 06th Floor – Songda Building – Pham Hung Street – Tu Liem – Ha Noi
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| Phone: | 04.37684.020 | Fax : | 04.37684.000 |
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| Representative by: |
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| Mr. Pham Minh Phuc | Position: CEO |
LENDER:
Name of invidual, organization: Mr. Bui Quang Ha
ID No: 012489907 issued on 18 March, 2002 by Hanoi Police.
Address : Group 10, Ward 2, Tu Lien Quarter, Tay Ho District, Ha Noi city
I: Content:
Oustanding loans balance by 1,565,325,786 VND at January 28, 2009 of Loan Agreement number 26/HDTD-CN/CVC, date January 28, 2008 between Cavico Vietnam and Mr Bui Quang Ha transfered to this Loan agreement with following terms :
1. Amount of borrow with interest : 1.565.325.786 VND
(In words: One billion, five hundred sixty five million, three hundred twenty five thousand and seven hundred eighty six Vietnam Dong)
2. Duration : 12 months
3. Interest rate : 12% per year
4. Form to pay the interest : Pay interest in advance
5. Date of borrowing: 28 January, 2009
6. Payment: Within 12 months
II . Common commitment
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| - | Borrower have responsibility for paying principle and interest on time. |
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| - | Lender have responsibility for delivering exact amount as this contract to Borrower. |
| BORROWER | LENDER |
