Loan Agreement
|
Summary Translation
|
Exhibit 4.87
|
Contract No.：SJZ091011100096
Borrower : Shijie Kaiyuan Auto Trade Co., Ltd.
Lender : Hua Xia Bank Shijiazhuang Branch
Signing Date : August 26, 2010
Loan Amount : RMB200, 000,000
Length of maturity : From August 26, 2010 to August 25, 2012
Use of Loan : Working Capital
Loan Interest : 5.94%
Date of Draft : August 26, 2010
Withdrawal Amount : RMB200, 000,000
Payment Method : The principal shall be fully repaid with interest at the maturity date of the loan.
Repayment Date : August 25, 2012
Loan Guarantee : Guaranty of mortgage, Guaranty of pledge
- Hebei Kaiyuan Real Estate Developing Co., Ltd entered into The Maximum Guaranteed Contract with the lender, with the contract no. SJZ09GAOBAO1100096-01, the guaranteed amount is RMB280, 000,000.
|
Summary Translation
|
Exhibit 4.87
|
- Hebei Chuanglian Trading Co., Ltd entered into The Maximum Guaranteed Contract with the lender, with the contract no. SJZ09GAOBAO1100096-02, the guaranteed amount is RMB280, 000,000.
- Shijie Kaiyuan Auto Trade Co., Ltd entered into The Maximum Mortgage Contract with the lender, with the contract no. SJZ09GAOBAO1100096.
