Transfer Loan Agreement between Bank of Communications, Zhengzhou Branch and Henan Zhongpin Food Share Co., Ltd. (May 31, 2005)
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Summary
This agreement is between the Bank of Communications, Zhengzhou Branch, and Henan Zhongpin Food Share Co., Ltd. The bank provides a government transfer loan of US $2,504,969, funded by the Canadian Government, to support the expansion of Henan Zhongpin's specialty vegetable planting and refrigeration project. The loan has a 40-year term, with 58% of the amount bearing 6.02% annual interest and the remainder interest-free.
EX-10.5 13 c40741_ex10-5.txt EXHIBIT 10.5 TRANSFER LOAN AGREEMENT DATED MAY 31, 2005 BETWEEN BANK OF COMMUNICATIONS, ZHENGZHOU BRANCH AND HENAN ZHONGPIN FOOD SHARE CO., LTD. The Bank of Communications provided a government transfer loan of the Canadian Government in the amount of US $2,504,969.00 to Henan Zhongpin Food Share Co., Ltd. to be used to expand its project of planting and refrigeration of specialty vegetables, with an interest rate of 6.02% per annum for 58% of the loan amount, the balance of the loan interest-free, and a term of 40 year from the date of the agreement.
