Entrusted Loan Agreement
Exhibit 10.14
- Main contents:
- Contract No.: (2011) Lu Zi Yin Xxx Xxx Zi No.000838
- Principal: Shandong Shengli Steel Co., Ltd.
- Loan Amount (RMB): 300 million RMB Yuan
- Purpose of the Loan: working capital of the Company.
- Contract Term: January 28, 2011 to January 27, 2012
- Interest Rate: fixed annual rate of 15.000002%
- Ways of guarantee: nil
- Fee Bearing: Borrower bears the relevant fees under the agreement.
- Prepayment of the Loan: Lender’s consent should be obtained if Borrower is willing to prepay the loan.
- Liabilities of Breach of Contract: Damages; withdrawal of loan, prepayment of principal and interest before maturity; imposition of compound interest.
- Headlines of the articles omitted
- Miscellaneous
- Dispute settlement
- Effectiveness
- Validity
- Attention
Signature Page
Party A: Shandong the Fifth Season Commercial Investment Co., Ltd.
Representative: Xxxxxxx Xx
By: /seal/ Shandong the Fifth Season Commercial Investment Co., Ltd.
/s/ Xxxxxxx Xx
Date: January 28, 2011
Party B: China CITIC Bank, Zibo Branch
Representative: Xxxxxxx Xxxxx
Title: Legal Representative
By: /seal/ China CITIC Bank, Zibo Branch
/s/ Xxxxxxx Xxxxx
Date: January 28, 2011
