Loan Agreement between Mr. Xiaojun Zhu and China HGS Real Estate Inc.
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Summary
This agreement is between Mr. Xiaojun Zhu (Lender) and China HGS Real Estate Inc. (Borrower). Mr. Zhu will lend $1.81 million to China HGS Real Estate Inc. as a short-term loan to help the company pay a required contribution to its subsidiary, Shaanxi HGS Management and Consulting Co., Ltd. The loan carries a 4% annual interest rate and must be repaid within one year from the agreement date.
EX-10.2 3 v231768_ex10-2.htm EXHIBIT 10.2 Unassociated Document
Loan Agreement
Lender: Mr. Xiaojun Zhu
Borrower: China HGS Real Estate Inc.
In accordance with negotiations, the Lender agrees to lend USD 1.81 million to the Borrower as a short-term loan for the purpose of paying a required contribution to the registered share capital of Shaanxi HGS Management and Consulting Co., Ltd., its wholly owned subsidiary. Both Lender and Borrower agree to an interest rate of 4% per annum. The term of the loan is for one year from the date on which the agreement is entered into.
Lender: Mr. Xiaojun Zhu [Sign]
Borrower: China HGS Real Estate Inc. [Sign]
Date: 2011-6-28
