Loan Agreement (4)

Contract Categories: Business Finance - Loan Agreements
EX-10.6 7 cb5778ex106.htm EXHIBIT 10.6

Exhibit 10.6

Loan Agreement (4)

Summary of Loan Agreement by and between the Company and Agricultural Bank dated March 30, 2006

Main contents:

Contract No: No. (81101200600000562)

Loan Amount (RMB) 39 million

Contract Term: March 30th, 2006 ~ July 30th, 2006

Interest rate: fixed annual rate of 5.22%;

Payment of Interest: The interest of the principal shall be paid monthly, and the interest settlement date is on the twentieth date of each month.

Purpose of the loan is to purchase raw materials for the Company.

Liabilities of Breach of Contract Breach of contract penalty; withdrawal of loan, prepayment of principal and interest before maturity, attachment of assets; imposition of compound interest; lawyer’s fee and travel cost in case of litigation due to the Company ‘s breach of contract etc.


Headlines of the articles omitted

Outline of the loan

Condition precedent to the drawing of the loan

Rights and obligations of the lender

Rights and obligations of the borrower

Prepayment of the loan

Breach of Contract

Guaranty for the loan

Dispute settlement

Miscellaneous

Effectiveness

Validity

Attention