Loan Extension Agreement between China Direct Investments, Inc. and China America Holdings, Inc. (July 1, 2009)

Contract Categories: Business Finance › Loan Agreements
Summary

China Direct Investments, Inc. and China America Holdings, Inc. have agreed to extend the maturity date of a $400,000 unsecured promissory note originally dated August 22, 2008. The new maturity date for the loan is June 30, 2010. All other terms and conditions of the original loan remain unchanged. This agreement is confirmed in writing by both parties' representatives.

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EX-10.34 3 caah_ex10-34.htm LOAN EXTENSION caah_ex10-34.htm
 
 




July 1, 2009


China America Holdings, Inc.
Attn: Shaoyin Wang
10871 NW 52nd Street, Suite 2,
Sunrise, FL 33351


Re:           $400,000 Unsecured Promissory Note dated August 22, 2008 and between China Direct Investments, Inc. and China America Holdings, Inc. (the “Loan”)


Dear Mr. Wang,

Please accept this letter as formal notification of our mutual agreement to extend the maturity date of the Loan to June 30, 2010. All other terms and conditions of the Loan shall remain in full force and effect.


Warms regards,

         
/s/Andrew Goldrich
    
/s/ Shaoyin Wang
  
Andrew Goldrich
    
Shaoyin Wang,
  
Vice President of Operation
    
Chief Executive Officer
  
China Direct Industries, Inc.     China America Holdings, Inc.