Loan Agreement between REN Xiaoheng and Beijing Zhongtulian Culture & Education Development Center

Contract Categories: Business Finance › Loan Agreements
Summary

REN Xiaoheng (Party A) has loaned ¥5 million to Beijing Zhongtulian Culture & Education Development Center (Party B) to support Party B’s business development. The loan was provided on May 4, 2016, with a two-year term ending May 3, 2018. The interest rate is based on the floating benchmark lending rate for 1- to 3-year loans published by the People’s Bank of China. Party B may repay the loan early if financially able. The agreement is effective upon signing by both parties.

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EX-10.44 17 future_s1a4-ex1044.htm LOAN AGREEMENT

Exhibit 10.44

 

Loan Agreement

 

Party A: REN Xiaoheng
   
Party B: Beijing Zhongtulian Culture & Education Development Center

 

1.Regarding the Loan

 

To support Party B’s need for business development, Party A loaned ¥5 million to Party B on May 4, 2016 and designated Party B’s account as the one for receiving the wire deposit of the said amount.

 

Upon discussion between the Parties hereto, it is determined that the interest rate on the aforementioned loan is the floating rate on the basis of the bench mark lending rate for the same period of 1-year to 3-year loans published by the People’s Bank of China.

 

2.Regarding the Repayment

 

Party A agrees that the term of the loan is two years starting from the date of receiving the loan and that the loan is due May 3, 2018.

 

Party B promises that, if financial condition allows, Party B will prepay in full or in part the aforementioned loan.

 

3.Other Matters

 

This Agreement will become effective upon the date of execution by both Party A and Party B.

 

This Agreement is in two counterparts and will become effective upon the date of execution by both Party A and Party B.

 

 

Party A: /s/ REN Xiaoheng
   
Party B: /seal/ Beijing Zhongtulian Culture Education Development Center.