Loan Agreement
Exhibit 4.78
Contract No. :ABC(2012)1011-1 13062020140000164
Borrower : Shijie Kaiyuan Auto Trading Group Co., Ltd.
Lender : Agricultural Bank of China, Shijiazhuang North City Branch
Signing Date : March 06, 2014
Loan Amount : RMB100,000,000
Length of maturity : From March 06, 2014 to September 02, 2014
Use of Loan : Vehicle Purchase
Loan Interest : 6.44%
| Debt Note: | Debt note is one of the part of the contract, not specified in the contract or records do not match the loan amount, date of draft, repayment date stated on the debt note, the loan documents shall prevail. |
There are three Debt Note of the contract:
| 1. | Date of Draft : March 06, 2014 | |
| Draft Amount: RMB100,000,000 |
Withdrawal Amount : RMB100,000,000
Payment Method : The principal shall be fully repaid with interest at the maturity date of the loan.
Repayment Date : August 23,2014
Loan Guarantee : Guaranty of Pledge
- Shijie Kaiyuan Auto Trading Group Co., Ltd. make pledge account receivable to Agricultural Bank of China, Shijiazhuang North City Branch, with the contract no. ABC(2012)1011-7 20140306-3
