Loan Agreement between YU Anming and Shanghai Vomart Auto Parts Co., Ltd., Nanjing Branch
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Summary
This agreement is between YU Anming (lender) and Shanghai Vomart Auto Parts Co., Ltd., Nanjing Branch (borrower). YU Anming is lending RMB 477,220 to the borrower, interest-free. The borrower must repay the full amount within two years from the signing date. The agreement becomes effective once both parties sign and ends automatically when the loan is fully repaid. Each party keeps a signed copy.
EX-10.7 16 v210969_ex10-7.htm
Loan Agreement
Lender: YU Anming
Borrower: Shanghai Vomart Auto Parts Co., Ltd., Nanjing Branch
| | 1 | Loan amount: RMB 477,220. This loan is interest-free. |
| | 2 | Term of Repayment: the loan amount shall be paid off within two years from the date of signing this Agreement. |
This Agreement shall take effect after being signed or sealed by both parties. It shall expire automatically upon being paid off by the borrower.
This Agreement is in duplicate. One for the lender and one for the borrower.
| Lender (seal): YU Anming | Borrower (seal): | Shanghai Vomart Auto Parts Co. Ltd., Nanjing Branch |
| Date: May 1, 2009 | Date: May 1, 2009 | |
