Loan Agreement between Changzhou City Wujin Best Electronic Cables Co., Ltd. and Wujin Agriculture Bank

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Summary

Changzhou City Wujin Best Electronic Cables Co., Ltd. entered into a loan agreement with Wujin Agriculture Bank for a loan of RMB 3,000,000. The loan term runs from August 26, 2011, to June 25, 2012. The interest rate is floating and set at 110% of the benchmark rate published by the People's Bank of China. The agreement outlines the repayment obligations and interest terms for the borrower during the specified period.

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EX-10.27 3 exhibit10-27.htm EXHIBIT 10.27 China Green Energy Industries, Inc.: Exhibit 10.27 - Filed by newsfilecorp.com

Exhibit 10.27

Loan Agreement between Changzhou City Wujin Best Electronic Cables Co., Ltd., and Wujin Agriculture Bank, pursuant to which Wujin Agriculture Bank provided a loan with a total amount of RMB3, 000,000 . The loan term is from August 26, 2011 to June 25, 2012. The annual interest rate carries a floating interest rate which is 110% of the benchmark interest rate published by the People's Bank of China.