Loan Extension Agreement between Hong Kong Huaxia International Industrial Co., Ltd. and Zhang Fei

Contract Categories: Business Finance Loan Agreements
Summary

This agreement is between Hong Kong Huaxia International Industrial Co., Ltd. and Zhang Fei. Due to issues with fixed assets not being in place and the return of those assets, the parties have agreed to extend the repayment deadline for a $6,000,000 loan. The new repayment date is June 30, 2015. Both parties have signed to confirm this extension.

EX-10.1 2 f10q1214ex10i_chinaginseng.htm LOAN EXTENSION AGREEMENT

Exhibit 10.1 

 

协 议

 

甲方:香港华夏国际实业有限公司

法定代表人:刘长祯

护照号(身份证号):220502195508150039

乙方:张飞

护照号(身份证号):320830197612122075

 

因固定资产一直没有到位,本季度决定退回其固定资产, 而购买资金尚未退回。 经双方协商,乙方同意将6,000,000 美元的还款时间推迟到2015年6月30日。

 

甲方:香港华夏国际实业有限公司(盖章)

法人代表签字:

 

乙方:

 

 

二0一四年九月三日

 

 
 

 

Loan Contract

 

Party A: Hong Kong Huaxia International Industrial Co.,Ltd.

Legal Representative:Liu, Changzhen

ID number: 220502195508150039

 

Party B: Zhang, Fei

ID number: 320830197612122075

 

Considering fixed assets haven’t been put in the right place,we decided to return the fixed assets this quarter, but the purchase funds have not been returned yet. So Party B agreed to postpone the repayment of $ 6,000,000 to 30 June 2015 through consultations.

 

Party A: Hong Kong Huaxia International Industrial Co., Ltd.(Stamp)

Legal representative signature:

 

Party B: Zhang, Fei

 

Signature:

09-03-2014