Loan Agreements between China Construction Bank, Xuchang Branch and Henan Zhongpin Food Share Co., Ltd.

Contract Categories: Business Finance › Loan Agreements
Summary

China Construction Bank, Xuchang Branch, provided two loans totaling RMB 10,000,000 to Henan Zhongpin Food Share Co., Ltd. for use as working capital. Both loans carry an annual interest rate of 6.417% and were originally set for a one-year term starting in January 2005. The agreements have since been extended. The bank is the lender and Henan Zhongpin Food Share Co., Ltd. is the borrower.

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EX-10.4 12 c40741_ex10-4.txt EXHIBIT 10.4 LOAN AGREEMENTS BETWEEN CHINA CONSTRUCTION BANK, XUCHANG BRANCH AND HENAN ZHONGPIN FOOD SHARE CO., LTD. The China Construction Bank provided two (2) loan in the aggregate amount of RMB 10,000,000.00 to Henan Zhongpin Food Share Co., Ltd. to be used by the borrower as its working capital, both with an interest rate of 6.417% per annum and a term of one year from the date of the agreement. The loan agreements were entered into on January 21, 2005 and January 24, 2005, and both loans have been extended in their term.