Loan Agreement Between Guangxi Hefeng Pharmaceutical Co. Limited and Li Jing Hua

Contract Categories: Business Finance › Loan Agreements
Summary

Guangxi Hefeng Pharmaceutical Co. Limited and Li Jing Hua have entered into a loan agreement in which Li Jing Hua will provide a loan to the company for working capital, specifically to purchase raw materials. The loan amount, interest rate, and term (12 months) are specified in the agreement. Repayment will come from the company's sales receipts. The agreement outlines the rights and obligations of both parties, including conditions for early repayment, loan use, and information access.

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EX-10.13 16 f8k122309ex10xiii_cbt.htm FORM OF LOAN AGREEMENT BY AND BETWEEN LI JIN HUA AND HEFENG PHARMACEUTICAL. f8k122309ex10xiii_cbt.htm
Exhibit 10.13

 
This director’s loan agreement is made among the following parties on ____.

(A)  
  Borrower : Guangxi Hefeng Pharmaceutical Co. Limited

(B)  
  Lender : Li Jing Hua


Whereas:

 
Guangxi Hefeng Pharmaceutical Co. Limited is in need of working capital and the parties are desirous to enter into this agreement whereby Li Jing Hua will advance a loan

Now therefore the Parties agree as follows:-

(1)  
The advance of the loan is for working capital purpose ;

(2)  
The use of loan is for purchase of raw materials ;
 
(3)  
The loan amount is equivalent of RMB____ and the term of loan is 12 months from _____ to _____  which is the due date of the principle loan;

(4)  
Monthly interest is __% and is accrued on monthly basis and to be settled on the due date of the loan.

(5)  
The source of fund for repayment to be originated from net receipts of sales

(6)  
Rights and obligation
Part A :
i            Proper use of loan in accordance with the terms set as therein
ii            No early repayment except from the consent of the Party B
 
iii
Accept and assist the right of Party B for the investigation of the use of loan
 
iv
Repaying in accordance with the terms as set out therein
 
v
Extension of loan would be granted should consent of Party B is obtained

 
Party B:
 
i
Have the right to request Party A to repay the said loan at any time as think fit
 
ii
Have the rights to request Party B to obtain all the information in connection with the loan thereto.
 
iii
Advance the loan to Party B at the time in accordance with the terms as set out in above.
 
 

 Party A
 
For and on behalf of
Hefeng Pharmaceutical Co. Limited
Party B
 
Li Jing Hua
 
 
 
By: Hui Tian Tang
__________________________
Hui Tian Tang
 
 
 
 
By: Jin Hua Li        
   Jin Hua Li