Loan Agreement
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Summary Translation
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Exhibit 4.88
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Contract No.：SJZ091011100111
Borrower : Shijie Kaiyuan Auto Trade Co., Ltd.
Lender : Hua Xia Bank Shijiazhuang Branch
Signing Date : November 1, 2010
Loan Amount : RMB 80,000,000
Length of maturity : From November 1, 2010 to August 25, 2012
Use of Loan : Working Capital
Loan Interest : 6.16%
Date of Draft : November 1, 2010
Withdrawal Amount : RMB 80,000,000
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 Guarantee Contract with the lender, with the contract no. SJZ09GAOBAO1100096-01, the guaranteed amount is RMB280, 000,000.
- Hebei Chuanglian Trading Co., Ltd entered into The Maximum Guarantee Contract with the lender, with the contract no. SJZ09GAOBAO1100096-02, the guaranteed amount is RMB280, 000,000.
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Summary Translation
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Exhibit 4.88
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- Shijie Kaiyuan Auto Trade Co., Ltd entered into The Maximum Mortgage Contract with the lender, with the contract no. SJZ09GAOBAO1100096.
