Reminbi Fund ofChina Development Bank Loan Contract of the Year 2004
Contract Categories:
Business Finance
- Loan Agreements
EX-10.3 40 v102685_ex10-3.htm
The contract No.:4100520082004021221
Reminbi Fund of China Development Bank
Loan Contract of the Year 2004
The loan type: Fundamental Construction
The project name: The Expressway Project from Pingdingshan to Linru of Henan Province
The borrower: The Pingdingshan Pinglin Toll Road Company Ltd.
The loaner: China Development Bank
The Borrower: The Pingdingshan Pinglin Toll Road Company Ltd.
Address: The Real Estate Mansion of Industrial and Commercial Bank of China, North Section of Zhongxing Road
The legal representative: Li Xipeng
Post No.: 467000
The transactor: Zhang Chunxian
Telephone No.: 86 ###-###-####
Fax No: 86 ###-###-####
The loaner: China Development Bank
Address: No. 29, Fuchengmenwai Str. Xicheng District, Beijing City
The legal representative: Chen Yuan
Post No.: 100037
The Handling Branch: The Henan Branch of China Development Bank
Address of the Branch: 16-18 floors of the Henan Newspaper Mansion, No. 28, East Section of the Agriculture Road, Zhengzhou City
The Superintendent of the Branch: Rong Geng
Post No.: 450008
The transactor: Xue Zhixin
Telephone No.: 86-371-65795448
Fax No.: 86-371-65795437
According to the agreement of the general loan contract with No. of 4100520082004020187 signed by the borrower and loaner on November 29, 2004, the both parties make a consensus on the relevant loan affairs of the year 2004 under the general loan contract items, and make this contract.
Article I Amount of the loan
The amount of the loan under the contract is RMB 700,000,000Yuan (Capitalized: Seven Hundred Million Yuan)
Article II Interest rate of the loan
According to the agreement of the contract, the first implementing interest rate of this contract is: annual interest rate 6.12%.
The adjustment of the interest rate of this contract will be implemented according to the agreement of the general loan contract.
Article III Drawing money
The borrower should draw the loan capital under this contract items according to the following plans:
RMB Five Hundred Million Yuan on November 29, 2004.
RMB Two Hundred Million Yuan on December 29, 2004.
Article IV Loan repayment
The borrower should repay the loan capital to the loaner according to the following plans:
RMB 1 million Yuan on November 29, 2007;
RMB 19 million Yuan on May 20, 2008; RMB 20 million Yuan on November 20, 2008;
RMB 20 million Yuan on May 20, 2009; RMB 20 million Yuan on November 20, 2009;
RMB 20 million Yuan on May 20, 2010; RMB 20 million Yuan on November 20, 2010;
RMB 20 million Yuan on May 20, 2011; RMB 20 million Yuan on November 20, 2011;
RMB 20 million Yuan on May 20, 2012; RMB 20 million Yuan on November 20, 2012;
RMB 60 million Yuan on May 20, 2013; RMB 60 million Yuan on November 20, 2013
RMB 60 million Yuan on May 20, 2014; RMB 60 million Yuan on November 20, 2014
RMB 60 million Yuan on May 20, 2015; RMB 60 million Yuan on November 20, 2015
RMB 60 million Yuan on May 20, 2016; RMB 60 million Yuan on November 20, 2016
RMB 20 million Yuan on May 20, 2017
Article V Other affairs
(I) This contract is the supplementary agreement to the general loan contract; the other affairs should be implemented according to the agreement of the general loan contract except the agreement content of this contract.
II) This contract has the original copy in duplicate, the borrower, the loaner holds one separately; and duplicate copy in quintuplicate , the borrower holds four copies, the loaner holds five copies, the handling branch holds one copy.
III) Renminbi Fund of China Development Bank annual Loan Contract (2004, the contract No.4100520082004021188) will be terminated from the day of this contract is taken effect
Article VI The coming into effect of the contract
The contract is taken effect from the day being signed and stamped by the borrower and the loaner.
The borrower: The Pingdingshan Pinglin Toll Road Company Ltd.
The legal representative: Li Xipeng (signature) /s/ Li Xipeng
(Or the authorized agent)
Date: Dec. 28, 2004
The bank of deposit and its account number:
The loaner: Special seal for contract of China Development Bank
The legal representative: /s/ Rong Geng
(Or the authorized agent)
Date: Dec. 28, 2004
The contract signing place: Zhengzhou City, Henan Province
