Loan AgreementLoan Agreement • August 15th, 2011 • China HGS Real Estate Inc. • Real estate
Party B is to attend the auction of a land use right in Hantai district, Hanzhong City. As the working capital of Part B might be insufficient caused by the payment of the land use right bid bond deposit, Party B borrows RMB 32,000,000 from Party A to fund for the working capital of Party B.
Loan AgreementLoan Agreement • August 15th, 2011 • China HGS Real Estate Inc. • Real estate
In accordance with negotiations, the Lender agrees to lend USD 1.81 million to the Borrower as a short-term loan for the purpose of paying a required contribution to the registered share capital of Shaanxi HGS Management and Consulting Co., Ltd., its wholly owned subsidiary. Both Lender and Borrower agree to an interest rate of 4% per annum. The term of the loan is for one year from the date on which the agreement is entered into.
