Description of the Oral AgreementLoan Agreement • July 3rd, 2013 • China Ginseng Holdings Inc • Beverages
Contract Type FiledJuly 3rd, 2013 Company IndustryWhereas, on August 30, 2012, Meihekou Credit Union granted a loan of 8 million RMB (approximately USD $ 1,264,842 ) to Jilin Ganzhi to be used to pay off the previous 8 million RMB bank loan and to generate a new 8 million RMB bank loan;