Line of Credit
Exhibit 4.19
Agreement No: [*]
Line of Credit
Party A (Lender): Bank of Beijing Hangzhou Branch
Party B (Borrower): Hangzhou Forasen Technology Co., Ltd.
Date: December 14, 2021
According to the guidance of the Civil Code of the People’s Republic of China, the lender and the borrower hereby make this agreement after negotiation on and equal basis and consensus at Bank of Beijing Hangzhou Branch.
Party A (Lender): | Bank of Beijing Hangzhou Branch | ||
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Legal Representative: | Xx Xxx | ||
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Business Address: | No.66 Wuxing Road, Jiang’gan District, Hangzhou, Zhejiang | ||
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Tel: [*] | Postcode: 310016 | ||
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Fax: [*] | |||
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Party B (Borrower): | Hangzhou Forasen Technology Co., Ltd. | ||
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Business Certificate No: | [*] | ||
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Legal Representative: | Xxxx Xxxx | ||
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Business Address: | XX 0000-0, XxXxx Xxxxxx, Xx.00 Xxxx Xxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx | ||
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Tel: [*] | Postcode: 310000 | ||
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Contact Person: Xxxxxxx Xxxx | Position: General Manager | ||
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Tel: [*] | Email: [*] | ||
Article 1 Basic Terms
A. The maximum line of credit is 5 Million RMB.
B. Allocation of Line of Credit:
The term of each loan shall be 12 months from the withdrawal date. The withdrawal period is 12 months from the date of signing the agreement. The Line of credit is non- revolving and the total amount shall not exceed 5 Million RMB in local or foreign currency.
C. Prior Agreement under this line of Credit
None
E. The Maximum Term of Line of Credit
The Term of the line of credit is from the signing of the agreement (December 14, 2021) to February 13, 2025. The term of the each loan under this agreement shall be subjected to the specific business agreement.
G. Purpose of Line of Credit
Regular business operation.
Others:
M. Guarantee
Guarantee: Hangzhou High Technology Financing Guarantee Co., Ltd. Yefang Zhang and Xxxxxxx Xxxx
Pledge: []
Mortgage: []
W. Mandatory Notarization
Mandatory notarization is required within days after signing the agreement.
No Mandatory notarization is required for this contract
X. Specific Clauses
All provisions in the agreement shall be satisfied and the guarantee agreement or the letter of guarantee from Hangzhou High Technology Financing Guarantee Co., Ltd. must be provided in order to facilitate each loan.
Party A (Lender) /s/: Bank of Beijing Hangzhou Branch
Legal Representative: /s/
Party B (Borrower) /s/: Hangzhou Forasen Technology Co., Ltd.
Legal Representative: /s/
