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Loan
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agreement
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Borrower:
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Inner Mongolia Zhunger Heat Power Co.,Ltd
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Lender:
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Inner Mongolia Tehong Coal Group Co.,Ltd
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In order to finance for construction of 2x12MW thermoelectric plant, both sides negotiate and sign a loan agreement with Lenders about RMB10 million yuan loan as follows:
1. |
Borrower wish borrow RMB10 million yuan from lender; |
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2. |
Lender agrees to lend borrower this sum, which should be remitted to borrower’s account on Oct., 2005. |
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3. |
As for this loan, borrower should collect loan interest in terms of interest rate of 6.31% from bank, and pay interest to lender regularly. The interest is calculated at the date when remittance from
borrower. |
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4. |
When this agreement is effective, both sides should obey seriously, keep credit and can not default. |
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5. |
It will be effective when both sides sign and stamp in it. |
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6. |
There is duplicate in this agreement, each side holds one. |
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Borrower (stamp):
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Inner Mongolia Zhunger Heat Power Co.,Ltd
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Artificial person:
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Lender (stamp):
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Inner Mongolia Tehong Coal Group Co.,Ltd
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Artificial person:
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Oct.13,2005
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