Loan Agreements Between Dragon International Resources Group Co., Ltd., Yongding Shangzhai Coal Mine Co., Ltd., and Lin Longwen
This set of agreements documents loans made by Lin Longwen to Dragon International Resources Group Co., Ltd. and Yongding Shangzhai Coal Mine Co., Ltd. The loans are long-term, interest-free, and unsecured, with repayment required by December 31, 2013. Each agreement supersedes prior arrangements and cannot be changed or canceled during its term. Both parties retain signed copies. The agreements specify the loan amounts, currencies, and repayment deadlines, ensuring clarity and mutual understanding between the companies and the lender.
Dragon International Resources Group Co., Limited
Loan Agreement
Contract number: 2011-06
Party A: Dragon International Resources Group Co., Limited
Party B: Lin Longwen
| 1) | Background | |
| In consideration of mutual agreements , Party A borrowed 2,504,726.80 RMB(“Loan”) in total from Party B from January, 2011 to June 31th, 2011 . This loan agreement is long term, no interest and unsecured. | ||
| 2) | Party A commitment | |
| Party A hereby declares to repay the loan to Party B before December 31st , 2013. | ||
| 3) | Declaration of both parties | |
| This Letter Agreement shall supersede all prior agreements and all prior agreements shall be cancelled following good faith negotiations between the parties. | ||
| This agreement shall be in effect on the date it is signed by Party A and Party B. During the agreement effective period, Party A and Party B cannot change or cancel the agreement. The original agreement has 2 copies, Party A and Party B each hold a copy. |
| Party A Signature (Seal): | Party B Signature(Seal): |
| Dragon International Resources Group Co., Limited | Lin Longwen |
| Date of signature: June 30th , 2011 |
Dragon International Resources Group Co., Limited
Loan Agreement
Contract number: 2010-12
Party A: Dragon International Resources Group Co., Limited
Party B: Lin Longwen
| 1) | Background | |
| In consideration of mutual agreements, Party A borrowed 33,600.00 HKD (“Loan”) in total from Party B from October, 2010 to December 31th, 2010. This loan agreement is long term, no interest and unsecured. | ||
| 2) | Party A commitment | |
| Party A hereby declares to repay the loan to Party B before December 31st , 2013. | ||
| 3) | Declaration of both parties | |
| This Letter Agreement shall supersede all prior agreements and all prior agreements shall be cancelled following good faith negotiations between the parties. | ||
| This agreement shall be in effect on the date it is signed by Party A and Party B. During the agreement effective period, Party A and Party B cannot change or cancel the agreement. The original agreement has 2 copies, Party A and Party B each hold a copy. |
| Party A Signature (Seal): | Party B Signature (Seal): |
| Dragon International Resources Group Co., Limited | Lin Longwen |
| Date of signature: December 31th, 2010 |
Yongding Shangzhai Coal Mine Co., Ltd.
Loan Agreement
Contract number: 2011-06
Party A: Yongding Shangzhai Coal Mine Co., Ltd.
Party B: Lin Longwen
| 1) | Background | |
| In consideration of mutual agreements, Party A borrowed 13,092,152.03 RMB (“Loan”) in total from Party B from January, 2011 to June 30th , 2011. This loan agreement is long term, no interest and unsecured. | ||
| 2) | Party A commitment | |
| Party A hereby declares to repay the loan to Party B before December 31st , 2013. | ||
| 3) | Declaration of both parties | |
| This Letter Agreement shall supersede all prior agreements and all prior agreements shall be cancelled following good faith negotiations between the parties. | ||
| This agreement shall be in effect on the date it is signed by Party A and Party B. During the agreement effective period, Party A and Party B cannot change or cancel the agreement. The original agreement has 2 copies, Party A and Party B each hold a copy. |
| Party A Signature (Seal): | Party B Signature (Seal): |
| Yongding Shangzhai Coal Mine Co., Ltd. | Lin Longwen |
| Date of signature: June 30th, 2011 |
Yongding Shangzhai Coal Mine Co., Ltd.
Loan Agreement
Contract number: 2010-12
Party A: Yongding Shangzhai Coal Mine Co., Ltd.
Party B: Lin Longwen
| 1) | Background | |
| In consideration of mutual agreements, Party A borrowed 25,817,728.20 RMB (“Loan”) in total from Party B from June, 2010 to December 31th, 2010. This loan agreement is long term, no interest and unsecured. | ||
| 2) | Party B commitment | |
| Party B hereby declares to repay the loan to Party A before December 31st , 2013. | ||
| 3) | Declaration of both parties | |
| This Letter Agreement shall supersede all prior agreements and all prior agreements shall be cancelled following good faith negotiations between the parties. | ||
| This agreement shall be in effect on the date it is signed by Party A and Party B. During the agreement effective period, Party A and Party B cannot change or cancel the agreement. The original agreement has 2 copies, Party A and Party B each hold a copy. |
| Party A Signature (Seal): | Party B Signature(Seal): |
| Yongding Shangzhai Coal Mine Co., Ltd. | Lin Longwen |
| Date of signature: December 31th, 2010 |
