Loan Agreement between PRC Yuhe and Hanting Rural Credit Cooperative dated November 10, 2006
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Summary
PRC Yuhe has entered into a loan agreement with Hanting Rural Credit Cooperative for a principal amount of $396,962. The loan carries an annual interest rate of 8.19% and is set to mature on November 8, 2009. The funds are intended to be used for working capital. There are no significant covenants, conditions, or restrictions attached to this loan.
EX-10.23 19 v135159_ex10-23.htm
Exhibit 10.23
Summary of Loan Agreement
Loan from Hanting Rural Credit Cooperative
On November 10, 2006, PRC Yuhe entered into a loan agreement with Hanting Rural Credit Cooperative, for a loan in the principal amount of $396,962. The interest rate for this loan is 8.19% per annum and the loan has a maturity date of November 8, 2009. PRC Yuhe plans to use the loan to finance the working capital. There are no material covenants, conditions or restrictions on the loans from Hanting Rural Credit Cooperative.
