SOCIALIST REPUBLIC OF VIETNAM Independence Freedom Happiness

EX-10.11 5 d25204_ex10-11.htm

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

 

Phone:

04.37684.020

Fax :

04.37684.000

 

Representative by:

 

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