Loan Agreement and Extension between Zhucheng Ziyang Ceramic Co., Ltd. and Zhucheng Dazhong Hospital (2010–2012)

Contract Categories: Business Finance › Loan Agreements
Summary

Zhucheng Ziyang Ceramic Co., Ltd. is lending RMB 20,000,000 to Zhucheng Dazhong Hospital for normal operations, with the loan period initially set for one year from October 29, 2010, to October 28, 2011, and then extended for another year until November 30, 2012. The loan carries a 1% monthly interest rate, with interest collected every six months. The loan is secured by property, plant, and equipment. If the hospital fails to repay on time, the interest rate doubles until legal resolution.

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EX-10.35 18 exh10-35.htm LOAN AGREEMENT DATED OCTOBER 29, 2010 BETWEEN ZHUCHENG ZIYANG CERAMIC CO., LTD. AND ZHUCHENG DAZHONG HOSPITAL DUE OCTOBER 28, 2011 TOGETHER WITH NOTE EXTENSION exh10-35.htm
Exhibit 10.35
Loan Agreement
Party A: Zhucheng Ziyang Ceramic Co., Ltd.
Party B: Zhucheng Dazhong Hospital

 
1.
Type: Short term loan
 
2.
Loan  Amount: RMB 20,000,000
 
3.
Loan period: 1 year. From October 29, 2010 to October 28, 2011.
 
4.
Usage: Normal operations.
 
5.
Interest rate:  1% monthly. Collect interest once every six month.
 
6.
Guarantee items: Pledged by property, plant and equipment
 
7.
If Party B can’t pay back at the due date, the interest will be doubled until appeal lawsuit.’

Party A: Zhucheng Ziyang Ceramic Co., Ltd.
Legal Represntative Signature: /s/ Lingbo Chi
Party B: Zhucheng Dazhong Hospital
Legal Represntative Signature: /s/ Peikai Zhao
Oct.29, 2010

 
 
 


Loan Agreement
Party A: Zhucheng Ziyang Ceramic Co., Ltd.
Party B: Zhucheng Dazhong Hospital

 
8.
Type: Short term loan
 
9.
Loan  Amount: RMB 20,000,000
 
10.
Loan period: 1 year. From October 31, 2011 to November 30, 2012.
 
11.
Usage: Normal operations.
 
12.
Interest rate:  1% monthly. Collect interest once every six month.
 
13.
Guarantee items: Pledged by property, plant and equipment
 
14.
If Party B can’t pay back at the due date, the interest will be doubled until appeal lawsuit.

Party A: Zhucheng Ziyang Ceramic Co., Ltd.
Legal Represntative Signature: /s/ Lingbo Chi
Party B: Zhucheng Dazhong Hospital
Legal Represntative Signature: /s/ Peikai Zhao
Oct.31, 2011