Loan Agreement between Shanghai Yudong Logistics Co., Ltd. and Shandong Jiajia International Freight Forwarding Co., Ltd. Shanghai Branch

Contract Categories: Business Finance › Loan Agreements
Summary

Shanghai Yudong Logistics Co., Ltd. (the borrower) and Shandong Jiajia International Freight Forwarding Co., Ltd. Shanghai Branch (the lender) have entered into a loan agreement. The lender will provide the borrower with RMB 11.05 million, to be delivered by March 31, 2009. The loan is interest-free and must be repaid within the period from April 1, 2009 to April 21, 2009. The agreement is effective as of March 30, 2009, with each party retaining an original signed copy.

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EX-10.20 2 chlo_ex10-20.htm LOAN AGREEMENT chlo_ex10-20.htm
 

 
Exhibit 10.20
 
Loan Agreement
 
(Translation)
 

 
Party A (Borrower): Shanghai Yudong Logistics Co., Ltd.
 
Party B (Lender): Shandong Jiajia International Freight Forwarding Co., Ltd. Shanghai Branch
 

 
Both parties have reached a consensus on the following terms and signed this agreement.
 
1,
Party B lends Party A RMB 11.05 million and shall deliver the full amount to Party A by March 31, 2009.
2,
Loan Interest: no interest.
3,
Loan period: April 1, 2009 through April 21, 2009.
4,
This agreement takes effect on March 30, 2009. This agreement has two original copies, and each party holds one original copy.

 
Party A : Shanghai Yudong Logistics Co., Ltd. [Company seal]
 
Party B: Shandong Jiajia International Freight Forwarding Co., Ltd. Shanghai Branch [Company seal]