Loan Repayment Extension Agreement between Hong Kong Huaxia International Industrial Co., Ltd. and Zhang Fei
Hong Kong Huaxia International Industrial Co., Ltd. and Zhang Fei have agreed to extend the repayment deadline for a $6,000,000 loan. Originally due on June 30, 2015, the repayment is now postponed to December 31, 2015. This extension is due to the return of fixed assets that were not properly placed, and the purchase funds have not yet been returned. Both parties have signed the agreement to confirm the new repayment date.
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, Hong Kong Huaxia decided to return the fixed assets, but the purchase funds have not been returned yet. So Party B agreed to postpone the repayment of $ 6,000,000 from 30 Jun 2015 to 31 Dec 2015 through consultations.
Party A: Hong Kong Huaxia International Industrial Co., Ltd. (Stamp)
Legal representative signature:
Party B: Zhang, Fei
Signature:
07-01-2015
