Loan Agreement between Haijun Zhao and Xingtai Zhongding Kirin Real Estate Development Co., Ltd.

Contract Categories: Business Finance › Loan Agreements
Summary

Haijun Zhao agrees to lend RMB 20,000,000 to Xingtai Zhongding Kirin Real Estate Development Co., Ltd. at an annual interest rate of 15.6% for a term of six months. The company must repay the full principal and interest by the due date, and will be responsible for any breach if payment is late. The agreement is effective upon signing and ends when all obligations are fulfilled or at the loan's maturity date.

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EX-10.28 3 f10k2011ex10xxviii_kirin.htm LOAN AGREEMENT WITH HAIJUN ZHAO f10k2011ex10xxviii_kirin.htm
Exhibit 10.28
 
Loan Agreement
 
 
Party A: Haijun Zhao
 
Party B: Xingtai Zhongding Kirin Real Estate Development Co., Ltd.
 
Both parties have reached the following agreement through consultation:
 
1.  
Party A lends the amount of RMB 20,000,000 to Party B;
 
2.  
Interest Rate: the rate agreed by both parties is 15.6% per year (1.3% per month);
 
3.  
Loan Term: six months since receiving the loan;
 
4.  
Party B shall pay off the principal and interest in sum at the due date, and shall be liable for the breach of agreement if overdue;
 
5.  
This agreement will be effective as of the execution date; this agreement shall be executed in two originals and each party holds one. This agreement will be terminated as of the due date or right after the duty has been fully performed by both parties;
 
Party A: Haijun Zhao
 
Party B: Xingtai Zhongding Kirin Real Estate Development Co., Ltd.
 
 

 
 
October 8, 2011