Loan Agreement
| Summary Translation | Exhibit 4.89 |
Contract No. :ABC(2014)1011-1 00000000000000000
Borrower : Shijie Kaiyuan Auto Trading Group Co., Ltd.
Lender : Agricultural Bank of China, Shijiazhuang North City Branch
Signing Date : August 26, 2014
Loan Amount : RMB100,000,000
Length of maturity : From August 26, 2014 to February 22, 2015
Use of Loan : Vehicle Purchase
Loan Interest : 6.72%
Date of Draft : August 26, 2014
Withdrawal Amount : RMB100,000,000
Payment Method : The interest should be repaid by monthly. The principal shall be fully repaid at the maturity date of the loan.
Repayment Date : February 22,2015
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)1011-6 2014082202
