Party A: Mr. Zhu Xiaojun Party B: CHINA HGS REAL ESTATE, INC. (“The Company”) Subject: Extension of shareholder’s loan
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Party A: Xx. Xxx Xxxxxxx
Party B: CHINA HGS REAL ESTATE, INC. (“The Company”)
Subject: Extension of shareholder’s loan
On June 28, 2011, the Company entered into a one-year loan agreement (“USD Loan Agreement”) with Xx. Xxxxxxx Xxx, pursuant to which the Company borrowed $1,810,000 from Xx. Xxxxxxx Xxx to make a capital injection into Shaanxi Guangsha Investment and Development Group Co., Ltd “Shaanxi HGS”), the Company’s subsidiary. The interest rate for the loan was 4% per annum. On July 19, 2012, Xx. Xxx Xxxxxxx and the Company agreed to extend the term of loan for an additional one year period, or until June 28, 2013with the same interest term.
As of July 19th , 2013, the Company and Xx Xxx Xxxxxxx agreed to extend the term of the loan for an additional one year with the same interest term .
This loan agreement has two copies, each party has one copy.
| Signed by | /s/Xxx Xxxxxxx |
Xx. Xxx Xxxxxxx
Sealed by
CHINA HGS REAL ESTATE, INC
Signed on July 19, 2013
