Loan Amendment AgreementLoan Amendment Agreement • July 24th, 2012 • China HGS Real Estate Inc. • Real estate
On June 28, 2011, the Company entered into a one-year loan agreement (“USD Loan Agreement”) with Mr. Xiaojun Zhu, pursuant to which the Company borrowed $1,810,000 from Mr. Xiaojun Zhu 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 is 4% per annum.
