Entrusted Loan Agreement dated January 28, 2011, Shandong the Fifth Season Commercial Investment Co., Ltd and China CITIC Bank

EX-10.14 15 exhibit10-14.htm EXHIBIT 10.14 Fifth Season International Inc.: Exhibit 10.14 - Filed by newsfilecorp.com

Exhibit 10.14

Entrusted Loan Agreement

  • Main contents:
  • Contract No.: (2011) Lu Zi Yin Wei Dai Zi No.000838
  • Principal: Shandong Shengli Steel Co., Ltd.
  • Loan Amount (RMB): 300 million RMB Yuan
  • Purpose of the Loan: working capital of the Company.
  • Contract Term: January 28, 2011 to January 27, 2012
  • Interest Rate: fixed annual rate of 15.000002%
  • Ways of guarantee: nil
  • Fee Bearing: Borrower bears the relevant fees under the agreement.
  • Prepayment of the Loan: Lender’s consent should be obtained if Borrower is willing to prepay the loan.
  • Liabilities of Breach of Contract: Damages; withdrawal of loan, prepayment of principal and interest before maturity; imposition of compound interest.
  • Headlines of the articles omitted
  • Miscellaneous
  • Dispute settlement
  • Effectiveness
  • Validity
  • Attention

Signature Page

Party A: Shandong the Fifth Season Commercial Investment Co., Ltd.
Representative: Hongsen Xu
By: /seal/ Shandong the Fifth Season Commercial Investment Co., Ltd.
/s/ Hongsen Xu
Date: January 28, 2011

Party B: China CITIC Bank, Zibo Branch
Representative: Shaohua Zhang
Title: Legal Representative
By: /seal/ China CITIC Bank, Zibo Branch
/s/ Shaohua Zhang
Date: January 28, 2011