Loan Agreements Between Shanghai Pudong Development Bank (Zhenghou Branch) and Henan Zhongpin Food Share Co., Ltd.
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Summary
Shanghai Pudong Development Bank, Zhenghou Branch, provided four short-term loans totaling RMB 20,000,000 to Henan Zhongpin Food Share Co., Ltd. for working capital. The loans carry an interest rate of 0.465% per month and have a six-month term from the agreement date. The agreements were signed between April 26, 2005, and June 7, 2005, and the loan terms have since been extended.
EX-10.3 11 c40741_ex10-3.txt EXHIBIT 10.3 LOAN AGREEMENTS BETWEEN SHANGHAI PUDONG DEVELOPMENT BANK, ZHENGHOU BRANCH AND HENAN ZHONGPIN FOOD SHARE CO., LTD. The Shanghai Pudong Development Bank provided four (4) short-term loan in the aggregate amount of RMB 20,000,000.00 to Henan Zhongpin Food Share Co., Ltd. (the "Borrower") to be used by the Borrower as its working capital, all with an interest rate of 0.465% per month and a term of six months from the date of the agreement. The loan agreements were entered into between April 26, 2005 and June 7, 2005, and all the loans have been extended in their term.
