Loan agreements between Yongding Shangzhai Coal Mine Co., Ltd. and Mr. Yongle Chen

EX-10.2 3 exhibit10-2.htm LOAN AGREEMENTS SGB International Holdings Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

Yongding Shangzhai Coal Mine Co., Ltd

Loan Agreement

Contract number: 2010-07-14

Party 1: Chen Yongle

Party 2: Yongding Shangzhai Coal Mine Co., Ltd

	1)	Background

		Party 2 borrowed 13,366,321.33 RMB from Party 1 on July 1^st, 2010. This loan agreement is long term, with 2.5 % interest rate.

	2)	Party 2 commitment

		Party 2 hereby declares to repay the loan to Party 1 before July 30^th, 2013.

This agreement shall be in effect on the date it is signed by Party 1 and Party 2. During the agreement effective period, Party 1 and Party 2 cannot change or cancel the agreement. The original agreement has 2 copies, Party 1 and Party 2 each hold a copy:

Borower Party 2:	Lender Party 1 signature:

	Date of signature: July 1^st, 2010

Yongding Shangzhai Coal Mine Co., Ltd

Supplemental Loan Agreement

Contract number: 2010-07

Party 1: Yongding Shangzhai Coal Mine Co., Ltd

Party 2: Chen Yongle

	1)	Background

		On May 30^th, 2006, January 28^th, 2007, January 27^th, 2008, January 28^th, 2009, January 28^th, 2010, Party 1 and Party 2 signed five loan agreements (“loan agreement”). The related agreement stated that part of the loan is interest free, the amount is 29,633,678.67 RMB. The other part of the loan with 1.5% interest rate, the amount is 9 million RMB. Party 1 and Party 2 negotiated and agreed the interest rate stated on the 5 signed loan agreements would be as same as the original agreement until June 30^th, 2010. Starting from July 1^st, 2010, the remaining loan about 38,633,678.67 RMB on the five signed loan agreements will be charged 2.5 % interest rate.

	2)	Party 1 commitment

		Party 1 hereby declares to repay the loan to Party 2 before July 30^th, 2013.

Borrower Party	1: Lender Party 2 signature:

	Date of signature: July 1^st, 2010