Loan Agreement between PRC Yuhe and Hanting Rural Credit Cooperative dated November 10, 2006

Contract Categories: Business Finance › Loan Agreements
Summary

PRC Yuhe entered into a loan agreement with Hanting Rural Credit Cooperative on November 10, 2006, for a principal amount of $396,962 at an annual interest rate of 8.19%. The loan is set to mature on November 8, 2009, and is intended to finance PRC Yuhe's working capital. There are no significant covenants, conditions, or restrictions attached to this loan.

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EX-10.23 19 v127498_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.