Loan Agreement Between Bengbu Boyuanzhiye Co., Ltd. and Anhui Renrenjia Solar Energy Co., Ltd.
Contract Categories:
Business Finance
›
Loan Agreements
Summary
Bengbu Boyuanzhiye Co., Ltd. and Anhui Renrenjia Solar Energy Co., Ltd. have agreed that Anhui Renrenjia will pay for upgrades and reconstruction of certain rented spaces in the People’s industrial zone of Guzhen County. These expenses, up to 4 million Yuan, will be treated as a loan to Bengbu Boyuanzhiye, who must repay the amount to Anhui Renrenjia by January 1, 2016.
EX-10.10 12 f8k0315ex10x_chinaenergy.htm LOAN AGREEMENT
Exhibit 10.10
Loan Agreement
Party A: Bengbu Boyuanzhiye Co., Ltd.
Party B: Anhui Renrenjia solar energy Co., Ltd.
Both parties agreed upon the following terms under fair negotiation circumstances.
| 1. | Party A agrees Party B to upgrade and reconstruct the spaces located in the People’s industrial zone of Guzhen County which Party A rented to Party B. |
| 2. | All upgrade and reconstruction expenses will be paid by Party B, but booked as loan to Party A. |
| 3. | All upgrade and reconstruction expenses will be paid separately according to the actual progress, but it will be limited under 4 million Yuan. |
| 4. | Party A has to repay this loan to Party B before Jan, 1 of 2016. |
| Party A: Bengbu Boyuanzhiye Co., Ltd. | Party B: Anhui Renrenjia Solar Energy Co., Ltd. | |
| Signature: | Signature: | |
| Seal: | Seal: | |
| May 1st, 2013 |
