LOAN AGREEMENT
This Agreement is entered into by and between Duoyuan Digital Printing Technology Industry (China) Co., Ltd. (the “Borrower”), and Chongwen Sub-branch of the Beijing Branch of Agricultural Bank of China, a national banking institution (the “Lender”), dated July 29, 2005.
The Agreement No. is (2005) 2012.
The Lender agrees to extend to the Borrower a loan in the amount of $2,496,000.
The term of the loan is one year. The maturity date of the loan is July 28, 2006.
Use of Proceeds: Purchase raw materials
Loan Category: To renew an old loan.
Interest Rate: 6.138% per year.
Interest: Interest shall be paid every three months (every March 20th, June 20th, September 20th and December 20th).
Guaranty: Maximum Credit Guaranty.
This Agreement is entered into by and between Duoyuan Digital Printing Technology Industry (China) Co., Ltd. (the “Borrower”), and Chongwen Sub-branch of the Beijing Branch of Agricultural Bank of China, a national banking institution (the “Lender”), dated September 3, 2005
The Agreement No. is (2005) 2956.
The Lender agrees to extend to the Borrower a loan in the amount of $2,496,000.
The term of the loan is one year. The maturity date of the loan is September 2, 2006.
Loan Category: To renew an old loan.
Use of Loan Proceeds: Purchasing raw materials.
Interest Rate: 6.138% per year.
Interest Payment:Interest shall be paid every three months (every March 20th, June 20th, September 20th and December 20th).
Guaranty: Maximum Credit Guaranty.
This Agreement is entered into by and between Duoyuan Digital Printing Technology Industry (China) Co., Ltd. (the “Borrower”), and Chongwen Sub-branch of the Beijing Branch of Agricultural Bank of China, a national banking institution (the “Lender”), dated September 22, 2005.
The Agreement No. is (2005) 3111.
The Lender agrees to extend to the Borrower a loan in the amount of $3,494,400.
The term of the loan is one year. The maturity date is September 21, 2006.
Loan Category: Short term working capital .
Use of Loan Proceeds: For purchasing raw and processed materials.
Interest Rate: 6.138% per year.
Interest Payment:Interest shall be paid every three months (every March 20th, June 20th, September 20th and December 20th).
Guaranty: Maximum Credit Guaranty.
This Agreement is entered into by and between Duoyuan Digital Printing Technology Industry (China) Co., Ltd. (the “Borrower”), and Chongwen Sub-branch of the Beijing Branch of Agricultural Bank of China, a national banking institution (the “Lender”), dated November 16, 2005.
The Agreement No. is (2005) 3804.
The Lender agrees to extend to the Borrower a loan in the amount of $2,496,000.
The term of the loan is one year. The maturity date is November 15, 2006 .
Loan Category: To renew an old loan.
Use of Loan Proceeds: For purchasing raw materials.
Interest Rate: 6.138% per year.
Interest Payment:Interest shall be paid every three months (every March 20th, June 20th, September 20th and December 20th).
Guaranty: Maximum Credit Guaranty.
This Agreement is entered into by and between Duoyuan Digital Printing Technology Industry (China) Co., Ltd. (the “Borrower”), and Chongwen Sub-branch of the Beijing Branch of Agricultural Bank of China, a national banking institution (the “Lender”), dated February 24, 2006.
The Agreement No. is (2006) 0115.
The Lender agrees to extend to the Borrower a loan in the amount of $1,248,000.
The term of the loan is one year. The maturity date is February 23, 2007.
Loan Category: To renew an old loan.
Use of Loan Proceeds: For purchasing raw materials.
Interest Rate: 6.138% per year.
Interest Payment:Interest shall be paid every three months (every March 20th, June 20th, September 20th and December 20th).
Guaranty: Maximum Credit Guaranty.
